Christopher Davis

Davis Advisors · 20 closed periods in the current 5-year detail window (latest closed period: Q1 2026 → next disclosure, 91 priced positions, +3.56% return). Every disclosed long-equity position appears in the table for its period; the Valid column shows 1 (counted in the math) or 0 (excluded — hover the row for the reason). See the methodology for the exact math.

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2026-05-07 → 2026-08-11

91 of 112 priced85.26% coverage

+3.56%

Holdings from Q1 2026 disclosure · accession 0001036325-26-000016 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
COFTOP 5	8,539,736	$192.59	—	$219.15	$1.64B	$1.87B	+13.79%	7.15%	+98.6 bps	1
USBTOP 5	22,237,960	$55.31	—	$64.29	$1.23B	$1.43B	+16.24%	5.31%	+86.2 bps	1
VTRSTOP 5	78,211,191	$17.39	—	$16.28	$1.36B	$1.27B	-6.38%	4.85%	-31.0 bps	1
META	1,719,156	$616.81	—	$599.12	$1.06B	$1.03B	-2.87%	4.52%	-13.0 bps	1
MGM	24,295,338	$38.11	—	$44.13	$925.9M	$1.07B	+15.80%	4.13%	+65.2 bps	1
GOOGLTOP 5	3,094,659	$397.99	—	$343.80	$1.23B	$1.06B	-13.62%	4.09%	-55.6 bps	1
CVSTOP 5	12,239,666	$87.36	—	$93.50	$1.07B	$1.14B	+7.03%	4.04%	+28.4 bps	1
TSN	13,090,689	$67.94	—	$56.43	$889.38M	$738.71M	-16.94%	3.85%	-65.2 bps	1
MKL	383,433	$1799.97	—	$1841.04	$690.17M	$705.92M	+2.28%	3.37%	+7.7 bps	1
AMZN	3,425,252	$271.17	—	$272.27	$928.83M	$932.59M	+0.41%	3.28%	+1.3 bps	1
BRK-A	923	$716250.00	—	$775000.00	$661.1M	$715.33M	+8.20%	3.04%	+25.0 bps	1
WFC	8,190,871	$79.16	—	$87.45	$648.39M	$716.29M	+10.47%	2.99%	+31.4 bps	1
CI	2,233,929	$284.04	—	$273.87	$634.53M	$611.81M	-3.58%	2.74%	-9.8 bps	1
TXN	2,849,671	$285.24	—	$281.24	$812.84M	$801.44M	-1.40%	2.54%	-3.6 bps	1
TECK	10,584,663	$60.76	—	$66.14	$643.12M	$700.07M	+8.85%	2.51%	+22.3 bps	1
JBS	26,244,660	$16.32	—	$13.02	$428.31M	$341.71M	-20.22%	2.16%	-43.8 bps	1
LYB	5,596,588	$71.51	—	$63.98	$400.21M	$358.07M	-10.53%	2.07%	-21.8 bps	1
AMAT	1,197,102	$410.64	—	$525.61	$491.58M	$629.21M	+28.00%	1.88%	+52.6 bps	1
CB	1,195,391	$321.28	—	$347.07	$384.06M	$414.88M	+8.03%	1.79%	+14.4 bps	1
BRK-B	749,846	$475.08	—	$516.38	$356.24M	$387.21M	+8.69%	1.65%	+14.3 bps	1
UNH	1,247,476	$369.74	—	$402.19	$461.24M	$501.72M	+8.78%	1.55%	+13.6 bps	1
TCOM	6,555,112	$53.37	—	$46.20	$349.85M	$302.85M	-13.43%	1.50%	-20.1 bps	1
DGX	1,617,813	$190.84	—	$237.50	$308.74M	$384.23M	+24.45%	1.46%	+35.6 bps	1
COP	1,875,428	$114.88	—	$125.92	$215.45M	$236.15M	+9.61%	1.14%	+10.9 bps	1
AGCO	2,086,643	$117.71	—	$101.43	$245.62M	$211.65M	-13.83%	1.11%	-15.4 bps	1
OC	2,100,935	$121.81	—	$158.92	$255.91M	$333.88M	+30.47%	1.04%	+31.8 bps	1
GOOG	677,607	$395.30	—	$343.00	$267.86M	$232.42M	-13.23%	0.89%	-11.8 bps	1
JPM	556,452	$306.27	—	$362.04	$170.42M	$201.46M	+18.21%	0.75%	+13.7 bps	1
SE	1,849,831	$88.64	—	$131.51	$163.97M	$243.27M	+48.36%	0.70%	+34.0 bps	1
APP	335,810	$498.87	—	$318.68	$167.53M	$107.02M	-36.12%	0.61%	-22.2 bps	1
FITB	2,813,525	$49.67	—	$57.60	$139.75M	$162.06M	+15.97%	0.60%	+9.6 bps	1
PNC	541,922	$219.29	—	$254.23	$118.84M	$137.77M	+15.93%	0.52%	+8.2 bps	1
WCC	381,007	$350.88	—	$366.17	$133.69M	$139.51M	+4.36%	0.48%	+2.1 bps	1
RNR	257,190	$300.84	—	$316.52	$77.37M	$81.41M	+5.21%	0.35%	+1.8 bps	1
AXP	233,126	$318.69	—	$340.81	$74.29M	$79.45M	+6.94%	0.32%	+2.2 bps	1
RKT	4,823,570	$14.15	—	$14.32	$68.25M	$69.07M	+1.20%	0.32%	+0.4 bps	1
L	614,097	$104.41	—	$113.15	$64.12M	$69.49M	+8.37%	0.30%	+2.5 bps	1
BAC	1,159,204	$52.75	—	$64.00	$61.15M	$74.19M	+21.33%	0.26%	+5.5 bps	1
SAP	317,422	$174.71	—	$209.68	$55.46M	$66.56M	+20.02%	0.25%	+5.0 bps	1
CHYM	2,539,206	$19.01	—	$31.73	$48.27M	$80.57M	+66.91%	0.22%	+14.6 bps	1
NTES	422,712	$117.11	—	$127.89	$49.5M	$54.06M	+9.21%	0.22%	+2.0 bps	1
VALE	2,931,198	$16.19	—	$14.32	$47.46M	$41.97M	-11.55%	0.21%	-2.5 bps	1
EG	140,908	$351.73	—	$365.70	$49.56M	$51.53M	+3.97%	0.21%	+0.8 bps	1
FI	588,885	$56.81	—	$52.72	$33.45M	$31.05M	-7.20%	0.15%	-1.1 bps	1
SCHW	310,982	$89.50	—	$107.70	$27.83M	$33.49M	+20.34%	0.13%	+2.7 bps	1
MSFT	78,489	$420.77	—	$503.81	$33.03M	$39.54M	+19.74%	0.13%	+2.6 bps	1
JCI	193,880	$139.25	—	$154.76	$27M	$30M	+11.14%	0.12%	+1.3 bps	1
PLD	182,586	$142.29	—	$139.50	$25.98M	$25.47M	-1.96%	0.11%	-0.2 bps	1
EQIX	21,223	$1066.76	—	$1032.40	$22.64M	$21.91M	-3.22%	0.10%	-0.3 bps	1
NVDA	113,556	$211.50	—	$217.50	$24.02M	$24.7M	+2.84%	0.09%	+0.3 bps	1
STT	152,200	$148.78	—	$187.22	$22.64M	$28.49M	+25.84%	0.09%	+2.3 bps	1
DLR	78,880	$194.78	—	$190.81	$15.36M	$15.05M	-2.04%	0.07%	-0.1 bps	1
CUZ	586,465	$26.25	—	$29.34	$15.39M	$17.21M	+11.77%	0.06%	+0.7 bps	1
AVB	79,970	$185.79	—	$181.76	$14.86M	$14.54M	-2.17%	0.06%	-0.1 bps	1
MTB	60,305	$213.02	—	$252.16	$12.85M	$15.21M	+18.37%	0.06%	+1.1 bps	1
BXP	237,190	$59.46	—	$67.49	$14.1M	$16.01M	+13.50%	0.06%	+0.8 bps	1
ORCL	80,414	$194.59	—	$145.48	$15.65M	$11.7M	-25.24%	0.05%	-1.4 bps	1
DAR	187,905	$62.27	—	$62.36	$11.7M	$11.72M	+0.14%	0.05%	+0.0 bps	1
PSA	41,260	$309.33	—	$325.10	$12.76M	$13.41M	+5.10%	0.05%	+0.3 bps	1
AMT	64,620	$179.77	—	$169.55	$11.62M	$10.96M	-5.69%	0.05%	-0.3 bps	1
ADBE	45,139	$256.51	—	$263.71	$11.58M	$11.9M	+2.81%	0.05%	+0.1 bps	1
REG	138,630	$77.86	—	$75.82	$10.79M	$10.51M	-2.62%	0.05%	-0.1 bps	1
TFC	224,805	$49.74	—	$52.31	$11.18M	$11.76M	+5.17%	0.05%	+0.2 bps	1
SNPS	25,913	$505.19	—	$410.91	$13.09M	$10.65M	-18.66%	0.05%	-0.9 bps	1
NOAH	1,021,585	$10.82	—	$8.61	$11.05M	$8.8M	-20.43%	0.05%	-0.9 bps	1
EGP	52,370	$203.89	—	$201.63	$10.68M	$10.56M	-1.11%	0.04%	-0.0 bps	1
SPG	50,458	$201.40	—	$219.53	$10.16M	$11.08M	+9.00%	0.04%	+0.4 bps	1
VTR	113,870	$86.55	—	$86.96	$9.86M	$9.9M	+0.47%	0.04%	+0.0 bps	1
CPT	88,010	$104.07	—	$108.29	$9.16M	$9.53M	+4.05%	0.04%	+0.2 bps	1
ARE	180,807	$45.58	—	$48.12	$8.24M	$8.7M	+5.57%	0.04%	+0.2 bps	1
JD	283,418	$30.21	—	$31.92	$8.56M	$9.05M	+5.66%	0.04%	+0.2 bps	1
SHO	889,720	$10.35	—	$10.64	$9.21M	$9.47M	+2.80%	0.04%	+0.1 bps	1
TRNO	113,507	$66.54	—	$68.26	$7.55M	$7.75M	+2.58%	0.03%	+0.1 bps	1
ANGI	948,993	$5.24	—	$4.49	$4.97M	$4.26M	-14.31%	0.03%	-0.4 bps	1
EQR	105,765	$65.86	—	$65.09	$6.97M	$6.88M	-1.17%	0.03%	-0.0 bps	1
VICI	220,180	$28.79	—	$25.98	$6.34M	$5.72M	-9.76%	0.03%	-0.3 bps	1
MAA	48,020	$130.36	—	$131.74	$6.26M	$6.33M	+1.06%	0.03%	+0.0 bps	1
O	94,910	$61.79	—	$61.89	$5.86M	$5.87M	+0.16%	0.03%	+0.0 bps	1
SUI	43,430	$126.07	—	$118.67	$5.48M	$5.15M	-5.87%	0.03%	-0.1 bps	1
ESS	16,761	$267.37	—	$282.46	$4.48M	$4.73M	+5.64%	0.02%	+0.1 bps	1
JLL	12,395	$328.06	—	$363.36	$4.07M	$4.5M	+10.76%	0.02%	+0.2 bps	1
EXR	28,135	$143.27	—	$146.55	$4.03M	$4.12M	+2.29%	0.02%	+0.0 bps	1
CBRE	25,610	$146.70	—	$147.46	$3.76M	$3.78M	+0.52%	0.02%	+0.0 bps	1
CCI	41,920	$91.07	—	$73.64	$3.82M	$3.09M	-19.14%	0.02%	-0.3 bps	1
CUBE	92,270	$40.25	—	$40.84	$3.71M	$3.77M	+1.47%	0.02%	+0.0 bps	1
IVE	11,624	$223.58	—	$236.37	$2.6M	$2.75M	+5.72%	0.01%	+0.1 bps	1
TSM	7,200	$414.15	—	$422.06	$2.98M	$3.04M	+1.91%	0.01%	+0.0 bps	1
HPP	322,176	$11.77	—	$13.35	$3.79M	$4.3M	+13.42%	0.01%	+0.1 bps	1
FRMI	305,730	$5.12	—	$7.12	$1.57M	$2.18M	+39.06%	0.01%	+0.3 bps	1
CCK	8,570	$101.09	—	$120.01	$866.34K	$1.03M	+18.72%	0.00%	+0.1 bps	1
LRCX	2,780	$286.52	—	$311.41	$796.53K	$865.72K	+8.69%	0.00%	+0.0 bps	1
CTRA	—	—	—	—	—	—	—	5.99%	—	0
SOLV	—	—	—	—	—	—	—	1.90%	—	0
QSR	—	—	—	—	—	—	—	1.22%	—	0
YMM	—	—	—	—	—	—	—	1.10%	—	0
PINS	—	—	—	—	—	—	—	1.04%	—	0
DUSA	—	—	—	—	—	—	—	0.79%	—	0
DINT	—	—	—	—	—	—	—	0.48%	—	0
IAC	—	—	—	—	—	—	—	0.44%	—	0
DFNL	—	—	—	—	—	—	—	0.44%	—	0
DWLD	—	—	—	—	—	—	—	0.39%	—	0
BK	—	—	—	—	—	—	—	0.29%	—	0
NTB	—	—	—	—	—	—	—	0.26%	—	0
BEKE	—	—	—	—	—	—	—	0.13%	—	0
BRX	—	—	—	—	—	—	—	0.07%	—	0
PEAK	—	—	—	—	—	—	—	0.05%	—	0
OFC	—	—	—	—	—	—	—	0.04%	—	0
AMH	—	—	—	—	—	—	—	0.04%	—	0
REXR	—	—	—	—	—	—	—	0.03%	—	0
CHCT	—	—	—	—	—	—	—	0.02%	—	0
DEI	—	—	—	—	—	—	—	0.01%	—	0
JAN	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$6.54B	$6.78B	+3.78%
Total(91)					$20.63B	$21.36B	+3.56%

2026-02-02 → 2026-05-07

106 of 108 priced99.93% coverage

+4.90%

Holdings from Q4 2025 disclosure · accession 0001036325-26-000004 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
COFTOP 5	8,614,766	$223.68	—	$192.59	$1.93B	$1.66B	-13.90%	9.38%	-130.4 bps	1
USBTOP 5	22,041,759	$57.36	—	$55.31	$1.26B	$1.22B	-3.57%	5.29%	-18.9 bps	1
METATOP 5	1,752,974	$706.41	—	$616.81	$1.24B	$1.08B	-12.68%	5.20%	-66.0 bps	1
AMATTOP 5	4,201,298	$328.40	—	$410.64	$1.38B	$1.73B	+25.04%	4.85%	+121.5 bps	1
CVS	12,760,511	$75.42	—	$87.36	$962.4M	$1.11B	+15.83%	4.55%	+72.1 bps	1
MGM	26,820,202	$33.49	—	$38.11	$898.21M	$1.02B	+13.80%	4.40%	+60.7 bps	1
GOOGLTOP 5	3,118,760	$343.69	—	$397.99	$1.07B	$1.24B	+15.80%	4.39%	+69.3 bps	1
VTRS	78,177,984	$13.68	—	$17.39	$1.07B	$1.36B	+27.12%	4.37%	+118.6 bps	1
MKL	415,160	$2033.99	—	$1799.97	$844.43M	$747.28M	-11.51%	4.01%	-46.2 bps	1
CTRA	32,537,508	$27.81	—	$32.56	$904.87M	$1.06B	+17.08%	3.85%	+65.7 bps	1
AMZN	3,429,262	$242.96	—	$271.17	$833.17M	$929.91M	+11.61%	3.56%	+41.3 bps	1
WFC	8,258,031	$92.27	—	$79.16	$761.97M	$653.71M	-14.21%	3.46%	-49.1 bps	1
TSN	12,827,540	$65.74	—	$67.94	$843.28M	$871.5M	+3.35%	3.38%	+11.3 bps	1
BRK-A	943	$729425.00	—	$716250.00	$687.85M	$675.42M	-1.81%	3.20%	-5.8 bps	1
TECK	12,019,609	$54.56	—	$60.76	$655.79M	$730.31M	+11.36%	2.59%	+29.4 bps	1
TXN	2,853,227	$225.01	—	$285.24	$642M	$813.85M	+26.77%	2.22%	+59.6 bps	1
SOLV	6,220,072	$76.91	—	$71.65	$478.39M	$445.67M	-6.84%	2.22%	-15.2 bps	1
UNH	1,273,400	$285.59	—	$369.74	$363.67M	$470.83M	+29.47%	1.89%	+55.7 bps	1
BRK-B	739,875	$487.29	—	$475.08	$360.53M	$351.5M	-2.51%	1.67%	-4.2 bps	1
CB	1,186,647	$311.25	—	$321.28	$369.34M	$381.25M	+3.22%	1.66%	+5.4 bps	1
TCOM	5,053,389	$62.01	—	$53.37	$313.36M	$269.7M	-13.93%	1.63%	-22.8 bps	1
PINS	11,801,983	$22.00	—	$21.55	$259.64M	$254.33M	-2.05%	1.37%	-2.8 bps	1
DGX	1,589,883	$185.00	—	$190.84	$294.13M	$303.41M	+3.16%	1.24%	+3.9 bps	1
QSR	4,020,791	$66.98	—	$79.14	$269.31M	$318.21M	+18.15%	1.23%	+22.4 bps	1
OC	2,046,583	$122.17	—	$121.81	$250.03M	$249.29M	-0.29%	1.03%	-0.3 bps	1
GOOG	710,963	$344.90	—	$395.30	$245.21M	$281.04M	+14.61%	1.00%	+14.7 bps	1
AGCO	2,048,835	$114.67	—	$117.71	$234.94M	$241.17M	+2.65%	0.96%	+2.5 bps	1
CI	752,852	$271.54	—	$284.04	$204.43M	$213.84M	+4.60%	0.93%	+4.3 bps	1
YMM	17,537,524	$10.14	—	$8.92	$177.83M	$156.43M	-12.03%	0.85%	-10.2 bps	1
JPM	571,586	$308.14	—	$306.27	$176.13M	$175.06M	-0.61%	0.83%	-0.5 bps	1
DUSA	3,384,566	$52.88	—	$55.66	$178.98M	$188.38M	+5.26%	0.78%	+4.1 bps	1
JBS	11,854,741	$15.72	—	$16.32	$186.36M	$193.47M	+3.82%	0.77%	+2.9 bps	1
COP	1,797,887	$101.79	—	$114.88	$183.01M	$206.54M	+12.86%	0.76%	+9.7 bps	1
APP	247,981	$483.00	—	$498.87	$119.77M	$123.71M	+3.29%	0.75%	+2.5 bps	1
FITB	2,744,310	$51.95	—	$49.67	$142.57M	$136.31M	-4.39%	0.58%	-2.5 bps	1
DINT	3,892,451	$29.20	—	$29.40	$113.65M	$114.44M	+0.70%	0.50%	+0.3 bps	1
PNC	530,089	$227.63	—	$219.29	$120.66M	$116.24M	-3.66%	0.50%	-1.8 bps	1
DFNL	2,130,361	$48.43	—	$46.55	$103.17M	$99.17M	-3.88%	0.46%	-1.8 bps	1
DAR	2,842,306	$47.35	—	$62.27	$134.58M	$176.99M	+31.51%	0.46%	+14.5 bps	1
IAC	2,514,072	$37.02	—	$43.12	$93.07M	$108.41M	+16.48%	0.44%	+7.3 bps	1
AXP	241,700	$352.83	—	$318.69	$85.28M	$77.03M	-9.68%	0.40%	-3.9 bps	1
DWLD	1,917,460	$46.88	—	$47.84	$89.89M	$91.74M	+2.06%	0.40%	+0.8 bps	1
WCC	364,502	$297.80	—	$350.88	$108.55M	$127.9M	+17.82%	0.40%	+7.1 bps	1
RNR	229,739	$284.50	—	$300.84	$65.36M	$69.11M	+5.74%	0.29%	+1.7 bps	1
BAC	1,149,873	$54.03	—	$52.75	$62.13M	$60.66M	-2.37%	0.28%	-0.7 bps	1
L	600,046	$105.78	—	$104.41	$63.47M	$62.65M	-1.30%	0.28%	-0.4 bps	1
RKT	3,227,910	$18.77	—	$14.15	$60.59M	$45.67M	-24.61%	0.28%	-6.9 bps	1
CHYM	2,472,106	$24.03	—	$19.01	$59.4M	$46.99M	-20.89%	0.28%	-5.8 bps	1
BK	521,722	$121.61	—	$130.69	$63.45M	$68.18M	+7.47%	0.27%	+2.0 bps	1
NTES	426,164	$129.08	—	$117.11	$55.01M	$49.91M	-9.27%	0.26%	-2.4 bps	1
SE	436,534	$113.59	—	$88.64	$49.59M	$38.69M	-21.97%	0.25%	-5.5 bps	1
NTB	1,053,710	$52.80	—	$56.21	$55.64M	$59.23M	+6.46%	0.24%	+1.5 bps	1
EG	118,017	$331.76	—	$351.73	$39.15M	$41.51M	+6.02%	0.18%	+1.1 bps	1
FI	568,982	$62.94	—	$56.81	$35.81M	$32.32M	-9.74%	0.17%	-1.7 bps	1
VALE	2,931,198	$16.14	—	$16.19	$47.31M	$47.46M	+0.31%	0.17%	+0.1 bps	1
SCHW	301,695	$105.17	—	$89.50	$31.73M	$27M	-14.90%	0.14%	-2.0 bps	1
MSFT	60,801	$423.37	—	$420.77	$25.74M	$25.58M	-0.61%	0.13%	-0.1 bps	1
BEKE	1,851,804	$18.40	—	$18.41	$34.07M	$34.09M	+0.05%	0.13%	+0.0 bps	1
IVE	127,053	$219.04	—	$223.58	$27.83M	$28.41M	+2.07%	0.12%	+0.3 bps	1
JCI	209,960	$122.98	—	$139.25	$25.82M	$29.24M	+13.23%	0.11%	+1.5 bps	1
PLD	180,126	$129.68	—	$142.29	$23.36M	$25.63M	+9.72%	0.10%	+1.0 bps	1
NVDA	111,038	$185.61	—	$211.50	$20.61M	$23.48M	+13.95%	0.09%	+1.3 bps	1
STT	143,773	$132.58	—	$148.78	$19.06M	$21.39M	+12.22%	0.08%	+1.0 bps	1
EQIX	20,773	$810.38	—	$1066.76	$16.83M	$22.16M	+31.64%	0.07%	+2.3 bps	1
BXP	233,910	$63.06	—	$59.46	$14.75M	$13.91M	-5.71%	0.07%	-0.4 bps	1
ORCL	79,416	$160.06	—	$194.59	$12.71M	$15.45M	+21.57%	0.07%	+1.5 bps	1
BRX	555,970	$26.51	—	$30.09	$14.74M	$16.73M	+13.50%	0.07%	+0.9 bps	1
AVB	78,840	$175.32	—	$185.79	$13.82M	$14.65M	+5.97%	0.06%	+0.4 bps	1
SAP	56,347	$207.23	—	$174.71	$11.68M	$9.84M	-15.69%	0.06%	-1.0 bps	1
REXR	344,830	$40.29	—	$36.09	$13.89M	$12.44M	-10.42%	0.06%	-0.6 bps	1
CUZ	499,615	$24.84	—	$26.25	$12.41M	$13.11M	+5.68%	0.06%	+0.3 bps	1
ANGI	948,993	$12.75	—	$5.24	$12.1M	$4.97M	-58.90%	0.06%	-3.2 bps	1
DLR	79,250	$165.11	—	$194.78	$13.08M	$15.44M	+17.97%	0.06%	+1.0 bps	1
SPG	66,183	$191.22	—	$201.40	$12.66M	$13.33M	+5.32%	0.06%	+0.3 bps	1
SHO	1,279,610	$8.73	—	$10.35	$11.17M	$13.24M	+18.56%	0.05%	+1.0 bps	1
PSA	43,520	$271.81	—	$309.33	$11.83M	$13.46M	+13.80%	0.05%	+0.7 bps	1
MTB	55,846	$225.54	—	$213.02	$12.6M	$11.9M	-5.55%	0.05%	-0.3 bps	1
AMT	63,970	$173.70	—	$179.77	$11.11M	$11.5M	+3.49%	0.05%	+0.2 bps	1
NOAH	1,021,585	$11.84	—	$10.82	$12.1M	$11.05M	-8.61%	0.05%	-0.4 bps	1
CPT	86,930	$107.30	—	$104.07	$9.33M	$9.05M	-3.01%	0.04%	-0.1 bps	1
JD	329,221	$28.53	—	$30.21	$9.39M	$9.95M	+5.89%	0.04%	+0.3 bps	1
TFC	192,053	$52.66	—	$49.74	$10.11M	$9.55M	-5.55%	0.04%	-0.2 bps	1
REG	136,650	$71.98	—	$77.86	$9.84M	$10.64M	+8.17%	0.04%	+0.3 bps	1
EGP	51,630	$180.44	—	$203.89	$9.32M	$10.53M	+13.00%	0.04%	+0.5 bps	1
AMH	278,610	$30.80	—	$32.42	$8.58M	$9.03M	+5.26%	0.04%	+0.2 bps	1
VTR	114,410	$77.41	—	$86.55	$8.86M	$9.9M	+11.81%	0.04%	+0.5 bps	1
ARE	178,127	$54.15	—	$45.58	$9.65M	$8.12M	-15.83%	0.04%	-0.6 bps	1
MAA	59,380	$132.31	—	$130.36	$7.86M	$7.74M	-1.47%	0.04%	-0.1 bps	1
TRNO	117,937	$61.56	—	$66.54	$7.26M	$7.85M	+8.09%	0.03%	+0.3 bps	1
EQR	104,515	$61.61	—	$65.86	$6.44M	$6.88M	+6.90%	0.03%	+0.2 bps	1
VICI	216,240	$27.95	—	$28.79	$6.04M	$6.23M	+3.01%	0.03%	+0.1 bps	1
CHCT	325,560	$17.39	—	$17.68	$5.66M	$5.76M	+1.67%	0.02%	+0.0 bps	1
SUI	42,840	$125.85	—	$126.07	$5.39M	$5.4M	+0.17%	0.02%	+0.0 bps	1
O	91,390	$60.53	—	$61.79	$5.53M	$5.65M	+2.08%	0.02%	+0.0 bps	1
ESS	16,511	$248.46	—	$267.37	$4.1M	$4.41M	+7.61%	0.02%	+0.1 bps	1
UDR	113,280	$36.75	—	$36.93	$4.16M	$4.18M	+0.49%	0.02%	+0.0 bps	1
SNPS	8,655	$457.89	—	$505.19	$3.96M	$4.37M	+10.33%	0.02%	+0.2 bps	1
CCI	42,160	$84.96	—	$91.07	$3.58M	$3.84M	+7.19%	0.02%	+0.1 bps	1
EXR	27,955	$135.20	—	$143.27	$3.78M	$4.01M	+5.97%	0.02%	+0.1 bps	1
HPP	324,026	$8.67	—	$11.77	$2.81M	$3.81M	+35.76%	0.02%	+0.6 bps	1
DEI	309,810	$10.34	—	$12.03	$3.2M	$3.73M	+16.34%	0.02%	+0.3 bps	1
NTST	189,600	$18.58	—	$20.36	$3.52M	$3.86M	+9.58%	0.02%	+0.1 bps	1
CUBE	90,930	$37.05	—	$40.25	$3.37M	$3.66M	+8.64%	0.01%	+0.1 bps	1
TSM	7,200	$341.36	—	$414.15	$2.46M	$2.98M	+21.32%	0.01%	+0.2 bps	1
LRCX	12,280	$237.50	—	$286.52	$2.92M	$3.52M	+20.64%	0.01%	+0.2 bps	1
CCK	8,570	$107.78	—	$101.09	$923.67K	$866.34K	-6.21%	0.00%	-0.0 bps	1
OFC	—	—	—	—	—	—	—	0.04%	—	0
PEAK	—	—	—	—	—	—	—	0.03%	—	0
Top 5 (by entry value)(5)					$6.88B	$6.93B	+0.65%
Total(106)					$22.87B	$23.99B	+4.90%

2025-11-12 → 2026-02-02

105 of 107 priced99.91% coverage

+8.25%

Holdings from Q3 2025 disclosure · accession 0001036325-25-000045 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
COFTOP 5	8,380,117	$222.13	—	$223.68	$1.86B	$1.87B	+0.70%	9.30%	+6.5 bps	1
METATOP 5	1,715,514	$609.01	—	$706.41	$1.04B	$1.21B	+15.99%	6.58%	+105.2 bps	1
AMATTOP 5	5,553,992	$230.73	—	$328.40	$1.28B	$1.82B	+42.33%	5.94%	+251.3 bps	1
USBTOP 5	19,431,562	$47.89	—	$57.36	$930.58M	$1.11B	+19.77%	4.90%	+97.0 bps	1
CVSTOP 5	11,403,641	$80.26	—	$75.42	$915.26M	$860.06M	-6.03%	4.49%	-27.1 bps	1
MGM	23,953,452	$33.17	—	$33.49	$794.54M	$802.2M	+0.96%	4.33%	+4.2 bps	1
BRK-A	998	$756363.00	—	$729425.00	$754.85M	$727.97M	-3.56%	3.93%	-14.0 bps	1
MKL	373,528	$2091.91	—	$2033.99	$781.39M	$759.75M	-2.77%	3.73%	-10.3 bps	1
AMZN	3,137,986	$244.20	—	$242.96	$766.3M	$762.41M	-0.51%	3.60%	-1.8 bps	1
VTRS	69,345,645	$11.01	—	$13.68	$763.5M	$948.65M	+24.25%	3.58%	+86.9 bps	1
GOOGL	2,770,594	$286.71	—	$343.69	$794.36M	$952.23M	+19.87%	3.52%	+69.9 bps	1
WFC	7,786,052	$86.26	—	$92.27	$671.62M	$718.42M	+6.97%	3.41%	+23.7 bps	1
TSN	9,962,127	$54.06	—	$65.74	$538.55M	$654.91M	+21.61%	2.82%	+61.0 bps	1
TECK	11,023,662	$43.73	—	$54.56	$482.06M	$601.45M	+24.77%	2.53%	+62.6 bps	1
CTRA	19,883,481	$26.13	—	$27.81	$519.56M	$552.96M	+6.43%	2.46%	+15.8 bps	1
TXN	2,317,408	$163.09	—	$225.01	$377.95M	$521.44M	+37.97%	2.22%	+84.4 bps	1
SOLV	5,517,611	$73.83	—	$76.91	$407.37M	$424.36M	+4.17%	2.10%	+8.8 bps	1
UNH	1,139,303	$339.06	—	$285.59	$386.29M	$325.37M	-15.77%	2.05%	-32.4 bps	1
TCOM	4,941,445	$74.59	—	$62.01	$368.58M	$306.42M	-16.87%	1.94%	-32.7 bps	1
CB	1,070,445	$294.93	—	$311.25	$315.71M	$333.18M	+5.53%	1.58%	+8.7 bps	1
BRK-B	533,948	$502.40	—	$487.29	$268.26M	$260.19M	-3.01%	1.40%	-4.2 bps	1
DGX	1,361,612	$186.85	—	$185.00	$254.42M	$251.9M	-0.99%	1.35%	-1.3 bps	1
PINS	7,892,057	$27.32	—	$22.00	$215.61M	$173.63M	-19.47%	1.33%	-25.8 bps	1
OC	1,777,367	$103.08	—	$122.17	$183.21M	$217.14M	+18.52%	1.31%	+24.3 bps	1
QSR	3,542,388	$69.14	—	$66.98	$244.92M	$237.27M	-3.12%	1.19%	-3.7 bps	1
YMM	14,981,773	$12.65	—	$10.14	$189.52M	$151.92M	-19.84%	1.01%	-20.1 bps	1
AGCO	1,812,922	$108.48	—	$114.67	$196.67M	$207.89M	+5.71%	1.01%	+5.8 bps	1
CI	656,318	$270.61	—	$271.54	$177.61M	$178.22M	+0.34%	0.99%	+0.3 bps	1
JPM	595,626	$320.41	—	$308.14	$190.84M	$183.54M	-3.83%	0.98%	-3.8 bps	1
DUSA	3,383,338	$48.93	—	$52.88	$165.55M	$178.91M	+8.07%	0.85%	+6.8 bps	1
APP	223,574	$584.86	—	$483.00	$130.76M	$107.99M	-17.42%	0.84%	-14.6 bps	1
GOOG	646,051	$287.43	—	$344.90	$185.69M	$222.82M	+19.99%	0.82%	+16.4 bps	1
COP	1,599,311	$89.07	—	$101.79	$142.45M	$162.79M	+14.28%	0.79%	+11.3 bps	1
FITB	2,668,869	$43.21	—	$51.95	$115.32M	$138.65M	+20.23%	0.62%	+12.6 bps	1
BK	1,010,681	$112.64	—	$121.61	$113.84M	$122.91M	+7.96%	0.57%	+4.6 bps	1
DINT	3,890,080	$28.66	—	$29.20	$111.49M	$113.58M	+1.87%	0.57%	+1.1 bps	1
PNC	501,817	$186.91	—	$227.63	$93.79M	$114.23M	+21.79%	0.53%	+11.5 bps	1
HUM	385,539	$240.48	—	$187.20	$92.71M	$72.17M	-22.16%	0.52%	-11.6 bps	1
DFNL	2,129,860	$46.36	—	$48.43	$98.74M	$103.15M	+4.47%	0.50%	+2.2 bps	1
NTES	594,740	$142.37	—	$129.08	$84.67M	$76.77M	-9.33%	0.47%	-4.4 bps	1
DWLD	1,916,287	$46.04	—	$46.88	$88.23M	$89.84M	+1.82%	0.45%	+0.8 bps	1
AXP	247,940	$372.77	—	$352.83	$92.42M	$87.48M	-5.35%	0.43%	-2.3 bps	1
SE	440,594	$143.35	—	$113.59	$63.16M	$50.05M	-20.76%	0.41%	-8.5 bps	1
IAC	2,243,689	$34.14	—	$37.02	$76.6M	$83.06M	+8.44%	0.40%	+3.4 bps	1
DAR	2,453,940	$34.54	—	$47.35	$84.76M	$116.19M	+37.09%	0.40%	+14.7 bps	1
WCC	292,570	$267.15	—	$297.80	$78.16M	$87.13M	+11.47%	0.32%	+3.7 bps	1
RKT	3,134,234	$17.93	—	$18.77	$56.2M	$58.83M	+4.68%	0.32%	+1.5 bps	1
L	595,697	$104.04	—	$105.78	$61.98M	$63.01M	+1.67%	0.31%	+0.5 bps	1
BAC	1,150,589	$54.11	—	$54.03	$62.26M	$62.17M	-0.15%	0.31%	-0.0 bps	1
CHYM	2,399,166	$20.20	—	$24.03	$48.46M	$57.65M	+18.96%	0.25%	+4.8 bps	1
NTB	1,058,793	$46.08	—	$52.80	$48.79M	$55.9M	+14.58%	0.24%	+3.5 bps	1
RNR	143,145	$265.87	—	$284.50	$38.06M	$40.72M	+7.01%	0.19%	+1.3 bps	1
BEKE	1,851,804	$16.68	—	$18.40	$30.89M	$34.07M	+10.31%	0.18%	+1.9 bps	1
VALE	2,931,198	$12.48	—	$16.14	$36.58M	$47.31M	+29.33%	0.17%	+4.9 bps	1
SCHW	296,441	$97.71	—	$105.17	$28.97M	$31.18M	+7.63%	0.15%	+1.1 bps	1
MSFT	52,306	$511.14	—	$423.37	$26.74M	$22.14M	-17.17%	0.14%	-2.4 bps	1
PLD	198,166	$124.84	—	$129.68	$24.74M	$25.7M	+3.88%	0.12%	+0.5 bps	1
JCI	186,004	$122.66	—	$122.98	$22.82M	$22.87M	+0.26%	0.11%	+0.0 bps	1
ORCL	67,052	$226.99	—	$160.06	$15.22M	$10.73M	-29.49%	0.10%	-2.9 bps	1
BXP	239,760	$71.65	—	$63.06	$17.18M	$15.12M	-11.99%	0.09%	-1.1 bps	1
EQIX	21,803	$813.24	—	$810.38	$17.73M	$17.67M	-0.35%	0.09%	-0.0 bps	1
NVDA	89,795	$193.80	—	$185.61	$17.4M	$16.67M	-4.23%	0.09%	-0.4 bps	1
REXR	395,150	$41.72	—	$40.29	$16.49M	$15.92M	-3.43%	0.08%	-0.3 bps	1
BRX	570,000	$26.59	—	$26.51	$15.16M	$15.11M	-0.30%	0.08%	-0.0 bps	1
ANGI	949,006	$11.30	—	$12.75	$10.72M	$12.1M	+12.83%	0.08%	+1.0 bps	1
ARE	180,157	$53.78	—	$54.15	$9.69M	$9.76M	+0.69%	0.08%	+0.1 bps	1
CUZ	512,355	$26.12	—	$24.84	$13.38M	$12.73M	-4.90%	0.08%	-0.4 bps	1
SPG	76,733	$183.81	—	$191.22	$14.1M	$14.67M	+4.03%	0.08%	+0.3 bps	1
DLR	81,280	$163.90	—	$165.11	$13.32M	$13.42M	+0.74%	0.07%	+0.1 bps	1
EG	39,428	$325.03	—	$331.76	$12.82M	$13.08M	+2.07%	0.07%	+0.1 bps	1
PSA	44,610	$275.15	—	$271.81	$12.27M	$12.13M	-1.21%	0.07%	-0.1 bps	1
AVB	66,580	$178.05	—	$175.32	$11.85M	$11.67M	-1.53%	0.07%	-0.1 bps	1
AMT	65,670	$183.35	—	$173.70	$12.04M	$11.41M	-5.26%	0.07%	-0.3 bps	1
SAP	46,787	$253.34	—	$207.23	$11.85M	$9.7M	-18.20%	0.07%	-1.2 bps	1
SHO	1,311,800	$9.51	—	$8.73	$12.48M	$11.45M	-8.20%	0.06%	-0.5 bps	1
STT	103,785	$121.11	—	$132.58	$12.57M	$13.76M	+9.47%	0.06%	+0.6 bps	1
JD	341,711	$31.25	—	$28.53	$10.68M	$9.75M	-8.70%	0.06%	-0.5 bps	1
NOAH	1,021,585	$11.21	—	$11.84	$11.45M	$12.1M	+5.62%	0.06%	+0.3 bps	1
REG	140,110	$70.00	—	$71.98	$9.81M	$10.09M	+2.83%	0.05%	+0.2 bps	1
MTB	51,027	$188.15	—	$225.54	$9.6M	$11.51M	+19.87%	0.05%	+1.0 bps	1
CPT	89,120	$102.69	—	$107.30	$9.15M	$9.56M	+4.49%	0.05%	+0.2 bps	1
AMH	285,600	$32.35	—	$30.80	$9.24M	$8.8M	-4.79%	0.05%	-0.2 bps	1
EGP	52,940	$177.89	—	$180.44	$9.42M	$9.55M	+1.43%	0.05%	+0.1 bps	1
MAA	60,860	$131.50	—	$132.31	$8M	$8.05M	+0.62%	0.04%	+0.0 bps	1
VTR	117,330	$76.90	—	$77.41	$9.02M	$9.08M	+0.66%	0.04%	+0.0 bps	1
EXR	55,055	$132.63	—	$135.20	$7.3M	$7.44M	+1.94%	0.04%	+0.1 bps	1
VICI	221,610	$30.58	—	$27.95	$6.78M	$6.19M	-8.60%	0.04%	-0.3 bps	1
TFC	156,437	$45.64	—	$52.66	$7.14M	$8.24M	+15.38%	0.04%	+0.6 bps	1
EQR	107,215	$59.62	—	$61.61	$6.39M	$6.61M	+3.34%	0.04%	+0.1 bps	1
UDR	186,190	$34.85	—	$36.75	$6.49M	$6.84M	+5.45%	0.04%	+0.2 bps	1
TRNO	120,907	$60.97	—	$61.56	$7.37M	$7.44M	+0.97%	0.04%	+0.0 bps	1
HPP	2,300,183	$2.15	×0.142857	$8.67	$4.95M	$2.85M	-42.39%	0.03%	-1.4 bps	1
NTST	342,410	$18.22	—	$18.58	$6.24M	$6.36M	+1.98%	0.03%	+0.1 bps	1
O	93,580	$56.93	—	$60.53	$5.33M	$5.66M	+6.32%	0.03%	+0.2 bps	1
SUI	43,950	$126.89	—	$125.85	$5.58M	$5.53M	-0.82%	0.03%	-0.0 bps	1
CHCT	333,190	$14.49	—	$17.39	$4.83M	$5.79M	+20.01%	0.03%	+0.5 bps	1
DEI	317,600	$11.95	—	$10.34	$3.8M	$3.28M	-13.47%	0.03%	-0.3 bps	1
ESS	16,951	$254.97	—	$248.46	$4.32M	$4.21M	-2.55%	0.02%	-0.1 bps	1
SNPS	8,655	$398.81	—	$457.89	$3.45M	$3.96M	+14.81%	0.02%	+0.3 bps	1
CCI	43,240	$93.67	—	$84.96	$4.05M	$3.67M	-9.30%	0.02%	-0.2 bps	1
TSM	7,200	$290.62	—	$341.36	$2.09M	$2.46M	+17.46%	0.01%	+0.2 bps	1
LRCX	12,280	$161.42	—	$237.50	$1.98M	$2.92M	+47.13%	0.01%	+0.4 bps	1
IVE	6,614	$212.07	—	$219.04	$1.4M	$1.45M	+3.29%	0.01%	+0.0 bps	1
CCK	8,570	$98.65	—	$107.78	$845.43K	$923.67K	+9.25%	0.00%	+0.0 bps	1
RH	2,240	$161.02	—	$195.73	$360.68K	$438.44K	+21.56%	0.00%	+0.1 bps	1
OFC	—	—	—	—	—	—	—	0.05%	—	0
PEAK	—	—	—	—	—	—	—	0.04%	—	0
Top 5 (by entry value)(5)					$6.03B	$6.88B	+14.11%
Total(105)					$19.41B	$21.01B	+8.25%

2025-08-08 → 2025-11-12

105 of 107 priced99.94% coverage

+6.78%

Holdings from Q2 2025 disclosure · accession 0000071701-25-000029 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
COFTOP 5	8,955,742	$208.23	—	$222.13	$1.86B	$1.99B	+6.68%	10.19%	+68.0 bps	1
METATOP 5	2,107,814	$769.30	—	$609.01	$1.62B	$1.28B	-20.84%	8.32%	-173.3 bps	1
AMATTOP 5	4,957,593	$184.87	—	$230.73	$916.51M	$1.14B	+24.81%	4.85%	+120.4 bps	1
USBTOP 5	19,331,637	$44.86	—	$47.89	$867.22M	$925.79M	+6.75%	4.68%	+31.6 bps	1
MGMTOP 5	23,821,109	$34.18	—	$33.17	$814.21M	$790.15M	-2.95%	4.38%	-12.9 bps	1
CVS	11,586,790	$65.54	—	$80.26	$759.4M	$929.96M	+22.46%	4.27%	+96.0 bps	1
BRK-A	1,065	$698040.00	—	$756363.00	$743.41M	$805.53M	+8.36%	4.15%	+34.7 bps	1
MKL	371,131	$1910.42	—	$2091.91	$709.02M	$776.37M	+9.50%	3.96%	+37.7 bps	1
AMZN	3,269,161	$222.69	—	$244.20	$728.01M	$798.33M	+9.66%	3.83%	+37.0 bps	1
WFC	8,176,423	$77.85	—	$86.26	$636.53M	$705.3M	+10.80%	3.50%	+37.8 bps	1
VTRS	66,375,520	$9.70	—	$11.01	$643.84M	$730.79M	+13.51%	3.17%	+42.8 bps	1
GOOGL	2,854,413	$201.42	—	$286.71	$574.94M	$818.39M	+42.34%	2.69%	+113.9 bps	1
TSN	8,956,466	$57.04	—	$54.06	$510.88M	$484.19M	-5.22%	2.68%	-14.0 bps	1
TXN	2,380,207	$187.22	—	$163.09	$445.62M	$388.19M	-12.89%	2.64%	-34.1 bps	1
TECK	11,034,993	$33.03	—	$43.73	$364.49M	$482.56M	+32.39%	2.38%	+77.2 bps	1
SOLV	5,492,661	$73.39	—	$73.83	$403.11M	$405.52M	+0.60%	2.23%	+1.3 bps	1
HUM	1,652,734	$266.68	—	$240.48	$440.75M	$397.45M	-9.82%	2.16%	-21.2 bps	1
UNH	1,132,885	$250.89	—	$339.06	$284.23M	$384.12M	+35.14%	1.89%	+66.4 bps	1
CB	1,071,823	$271.24	—	$294.93	$290.72M	$316.11M	+8.73%	1.66%	+14.5 bps	1
TCOM	4,949,468	$58.80	—	$74.59	$291.03M	$369.18M	+26.85%	1.55%	+41.7 bps	1
BRK-B	553,845	$465.40	—	$502.40	$257.76M	$278.25M	+7.95%	1.44%	+11.4 bps	1
DGX	1,354,420	$176.96	—	$186.85	$239.68M	$253.07M	+5.59%	1.30%	+7.3 bps	1
OC	1,769,093	$143.88	—	$103.08	$254.54M	$182.36M	-28.36%	1.30%	-36.9 bps	1
CTRA	9,338,141	$24.02	—	$26.13	$224.3M	$244.01M	+8.78%	1.27%	+11.1 bps	1
QSR	3,419,715	$64.50	—	$69.14	$220.57M	$236.44M	+7.19%	1.21%	+8.7 bps	1
CI	655,889	$274.90	—	$270.61	$180.3M	$177.49M	-1.56%	1.16%	-1.8 bps	1
AGCO	1,804,564	$109.60	—	$108.48	$197.78M	$195.76M	-1.02%	1.00%	-1.0 bps	1
JPM	636,042	$288.76	—	$320.41	$183.66M	$203.79M	+10.96%	0.99%	+10.8 bps	1
BK	1,898,430	$103.09	—	$112.64	$195.71M	$213.84M	+9.26%	0.92%	+8.6 bps	1
CPNG	5,754,998	$27.83	—	$28.83	$160.16M	$165.92M	+3.59%	0.92%	+3.3 bps	1
DUSA	3,383,338	$45.83	—	$48.93	$155.06M	$165.55M	+6.76%	0.84%	+5.7 bps	1
COP	1,585,587	$93.91	—	$89.07	$148.9M	$141.23M	-5.15%	0.76%	-3.9 bps	1
YMM	11,635,925	$11.32	—	$12.65	$131.72M	$147.19M	+11.75%	0.73%	+8.6 bps	1
MSFT	247,956	$522.04	—	$511.14	$129.44M	$126.74M	-2.09%	0.66%	-1.4 bps	1
GOOG	650,390	$202.09	—	$287.43	$131.44M	$186.94M	+42.23%	0.62%	+26.1 bps	1
FITB	2,512,856	$41.64	—	$43.21	$104.64M	$108.58M	+3.77%	0.55%	+2.1 bps	1
DINT	3,890,080	$25.90	—	$28.66	$100.75M	$111.49M	+10.66%	0.54%	+5.7 bps	1
PNC	502,357	$189.74	—	$186.91	$95.32M	$93.9M	-1.49%	0.50%	-0.7 bps	1
DAR	2,443,570	$30.63	—	$34.54	$74.85M	$84.4M	+12.77%	0.50%	+6.3 bps	1
DFNL	2,129,860	$43.07	—	$46.36	$91.74M	$98.74M	+7.63%	0.49%	+3.7 bps	1
AXP	270,500	$297.43	—	$372.77	$80.45M	$100.83M	+25.33%	0.46%	+11.7 bps	1
IAC	2,280,775	$34.17	—	$34.14	$77.93M	$77.87M	-0.09%	0.46%	-0.0 bps	1
NTES	593,347	$128.62	—	$142.37	$76.32M	$84.47M	+10.69%	0.43%	+4.6 bps	1
DWLD	1,916,287	$41.94	—	$46.04	$80.37M	$88.23M	+9.77%	0.42%	+4.1 bps	1
APP	215,073	$455.98	—	$584.86	$98.07M	$125.79M	+28.26%	0.40%	+11.4 bps	1
SE	448,305	$147.61	—	$143.35	$66.17M	$64.26M	-2.89%	0.38%	-1.1 bps	1
L	597,343	$93.77	—	$104.04	$56.01M	$62.15M	+10.95%	0.29%	+3.2 bps	1
BAC	1,153,397	$46.01	—	$54.11	$53.07M	$62.41M	+17.60%	0.29%	+5.1 bps	1
WCC	290,746	$204.28	—	$267.15	$59.39M	$77.67M	+30.78%	0.29%	+8.9 bps	1
NTB	1,062,264	$45.00	—	$46.08	$47.8M	$48.95M	+2.40%	0.25%	+0.6 bps	1
RKT	3,132,678	$16.81	—	$17.93	$52.66M	$56.17M	+6.66%	0.24%	+1.6 bps	1
RNR	143,067	$240.37	—	$265.87	$34.39M	$38.04M	+10.61%	0.19%	+2.0 bps	1
BEKE	1,852,812	$17.56	—	$16.68	$32.54M	$30.9M	-5.01%	0.18%	-0.9 bps	1
ORCL	131,574	$250.05	—	$226.99	$32.9M	$29.87M	-9.22%	0.15%	-1.4 bps	1
VALE	2,948,514	$10.22	—	$12.48	$30.13M	$36.8M	+22.11%	0.15%	+3.4 bps	1
SCHW	296,438	$97.08	—	$97.71	$28.78M	$28.96M	+0.65%	0.14%	+0.1 bps	1
JCI	245,323	$105.55	—	$122.66	$25.89M	$30.09M	+16.21%	0.14%	+2.2 bps	1
AMT	91,650	$206.51	—	$183.35	$18.93M	$16.8M	-11.22%	0.11%	-1.2 bps	1
ANGI	1,181,911	$18.17	—	$11.30	$21.48M	$13.36M	-37.81%	0.10%	-3.6 bps	1
SAP	46,769	$292.12	—	$253.34	$13.66M	$11.85M	-13.28%	0.08%	-1.0 bps	1
BXP	209,630	$63.25	—	$71.65	$13.26M	$15.02M	+13.28%	0.08%	+1.0 bps	1
NVDA	89,135	$182.70	—	$193.80	$16.28M	$17.27M	+6.08%	0.08%	+0.5 bps	1
CUZ	460,235	$26.70	—	$26.12	$12.29M	$12.02M	-2.17%	0.07%	-0.2 bps	1
PLD	129,226	$105.68	—	$124.84	$13.66M	$16.13M	+18.13%	0.07%	+1.3 bps	1
EG	39,500	$329.80	—	$325.03	$13.03M	$12.84M	-1.45%	0.07%	-0.1 bps	1
REXR	375,010	$36.72	—	$41.72	$13.77M	$15.65M	+13.62%	0.07%	+1.0 bps	1
BRX	498,390	$25.56	—	$26.59	$12.74M	$13.25M	+4.03%	0.07%	+0.3 bps	1
VTR	203,350	$68.57	—	$76.90	$13.94M	$15.64M	+12.15%	0.07%	+0.8 bps	1
EQIX	15,663	$776.20	—	$813.24	$12.16M	$12.74M	+4.77%	0.07%	+0.3 bps	1
NOAH	1,021,585	$12.18	—	$11.21	$12.44M	$11.45M	-7.96%	0.07%	-0.5 bps	1
DLR	68,460	$169.91	—	$163.90	$11.63M	$11.22M	-3.54%	0.06%	-0.2 bps	1
PSA	40,400	$281.74	—	$275.15	$11.38M	$11.12M	-2.34%	0.06%	-0.1 bps	1
AVB	57,820	$186.78	—	$178.05	$10.8M	$10.29M	-4.67%	0.06%	-0.3 bps	1
ARE	156,187	$74.21	—	$53.78	$11.59M	$8.4M	-27.53%	0.06%	-1.7 bps	1
JD	343,487	$31.49	—	$31.25	$10.82M	$10.73M	-0.76%	0.06%	-0.0 bps	1
SHO	1,155,480	$8.71	—	$9.51	$10.06M	$10.99M	+9.18%	0.05%	+0.5 bps	1
MTB	50,948	$187.17	—	$188.15	$9.54M	$9.59M	+0.52%	0.05%	+0.0 bps	1
SPG	58,723	$164.93	—	$183.81	$9.69M	$10.79M	+11.45%	0.05%	+0.6 bps	1
AMH	250,360	$34.42	—	$32.35	$8.62M	$8.1M	-6.01%	0.05%	-0.3 bps	1
CPT	78,650	$105.52	—	$102.69	$8.3M	$8.08M	-2.68%	0.05%	-0.1 bps	1
REG	121,830	$71.92	—	$70.00	$8.76M	$8.53M	-2.67%	0.05%	-0.1 bps	1
EXR	56,765	$136.36	—	$132.63	$7.74M	$7.53M	-2.74%	0.04%	-0.1 bps	1
ESS	28,541	$254.59	—	$254.97	$7.27M	$7.28M	+0.15%	0.04%	+0.0 bps	1
MAA	53,050	$140.48	—	$131.50	$7.45M	$6.98M	-6.39%	0.04%	-0.3 bps	1
EGP	46,130	$161.10	—	$177.89	$7.43M	$8.21M	+10.42%	0.04%	+0.4 bps	1
STT	72,251	$111.08	—	$121.11	$8.03M	$8.75M	+9.03%	0.04%	+0.4 bps	1
EQR	101,725	$63.20	—	$59.62	$6.43M	$6.06M	-5.66%	0.04%	-0.2 bps	1
TFC	155,845	$43.07	—	$45.64	$6.71M	$7.11M	+5.97%	0.04%	+0.2 bps	1
UDR	161,990	$38.09	—	$34.85	$6.17M	$5.65M	-8.51%	0.04%	-0.3 bps	1
HPP	2,295,973	$2.50	—	$2.15	$5.74M	$4.94M	-14.00%	0.03%	-0.5 bps	1
TRNO	104,197	$53.77	—	$60.97	$5.6M	$6.35M	+13.39%	0.03%	+0.4 bps	1
VICI	169,740	$32.90	—	$30.58	$5.58M	$5.19M	-7.05%	0.03%	-0.2 bps	1
CHCT	332,280	$14.44	—	$14.49	$4.8M	$4.81M	+0.35%	0.03%	+0.0 bps	1
SUI	38,370	$125.33	—	$126.89	$4.81M	$4.87M	+1.24%	0.03%	+0.0 bps	1
CCI	42,300	$104.50	—	$93.67	$4.42M	$3.96M	-10.36%	0.02%	-0.2 bps	1
DEI	276,750	$14.43	—	$11.95	$3.99M	$3.31M	-17.19%	0.02%	-0.4 bps	1
NTST	220,510	$18.54	—	$18.22	$4.09M	$4.02M	-1.73%	0.02%	-0.0 bps	1
O	48,870	$57.44	—	$56.93	$2.81M	$2.78M	-0.89%	0.02%	-0.0 bps	1
IVE	10,978	$198.78	—	$212.07	$2.18M	$2.33M	+6.69%	0.01%	+0.1 bps	1
TSM	7,200	$241.83	—	$290.62	$1.74M	$2.09M	+20.18%	0.01%	+0.2 bps	1
LRCX	12,280	$101.75	—	$161.42	$1.25M	$1.98M	+58.64%	0.01%	+0.4 bps	1
CCK	8,570	$101.48	—	$98.65	$869.68K	$845.43K	-2.79%	0.00%	-0.0 bps	1
RH	2,240	$215.04	—	$161.02	$481.69K	$360.68K	-25.12%	0.00%	-0.1 bps	1
AAPL	1,265	$229.35	—	$273.47	$290.13K	$345.94K	+19.24%	0.00%	+0.0 bps	1
XOM	2,066	$106.80	—	$118.12	$220.65K	$244.04K	+10.60%	0.00%	+0.0 bps	1
PEAK	—	—	—	—	—	—	—	0.04%	—	0
OFC	—	—	—	—	—	—	—	0.02%	—	0
Top 5 (by entry value)(5)					$6.08B	$6.13B	+0.80%
Total(105)					$18.53B	$19.78B	+6.78%

2025-05-12 → 2025-08-08

102 of 104 priced99.97% coverage

+3.31%

Holdings from Q1 2025 disclosure · accession 0001316506-25-000107 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
COFTOP 5	8,999,453	$199.95	—	$208.23	$1.8B	$1.87B	+4.14%	9.30%	+38.5 bps	1
METATOP 5	2,210,250	$639.43	—	$769.30	$1.41B	$1.7B	+20.31%	7.34%	+149.1 bps	1
BRK-ATOP 5	1,558	$772100.00	—	$698040.00	$1.2B	$1.09B	-9.59%	7.17%	-68.8 bps	1
CVSTOP 5	11,549,057	$64.81	—	$65.54	$748.49M	$756.93M	+1.13%	4.51%	+5.1 bps	1
AMATTOP 5	4,993,172	$167.99	—	$184.87	$838.8M	$923.09M	+10.05%	4.18%	+42.0 bps	1
MKL	371,469	$1918.71	—	$1910.42	$712.74M	$709.66M	-0.43%	4.00%	-1.7 bps	1
AMZN	3,519,954	$208.64	—	$222.69	$734.4M	$783.86M	+6.73%	3.86%	+26.0 bps	1
USB	14,889,014	$44.01	—	$44.86	$655.27M	$667.92M	+1.93%	3.62%	+7.0 bps	1
MGM	20,815,057	$34.66	—	$34.18	$721.45M	$711.46M	-1.38%	3.56%	-4.9 bps	1
HUM	2,331,343	$252.86	—	$266.68	$589.5M	$621.72M	+5.47%	3.56%	+19.4 bps	1
WFC	8,468,647	$74.88	—	$77.85	$634.13M	$659.28M	+3.97%	3.50%	+13.9 bps	1
VTRS	64,948,236	$8.96	—	$9.70	$581.94M	$630M	+8.26%	3.26%	+26.9 bps	1
CI	1,433,251	$315.74	—	$274.90	$452.53M	$394M	-12.93%	2.72%	-35.2 bps	1
GOOGL	3,039,483	$158.46	—	$201.42	$481.64M	$612.21M	+27.11%	2.71%	+73.4 bps	1
TXN	2,431,035	$187.28	—	$187.22	$455.28M	$455.14M	-0.03%	2.52%	-0.1 bps	1
TECK	11,190,628	$37.67	—	$33.03	$421.55M	$369.63M	-12.32%	2.35%	-28.9 bps	1
DGX	2,388,302	$175.90	—	$176.96	$420.1M	$422.63M	+0.60%	2.33%	+1.4 bps	1
SOLV	5,288,138	$74.80	—	$73.39	$395.55M	$388.1M	-1.89%	2.32%	-4.4 bps	1
BRK-B	678,453	$514.30	—	$465.40	$348.93M	$315.75M	-9.51%	2.08%	-19.8 bps	1
CB	1,086,389	$289.65	—	$271.24	$314.67M	$294.67M	-6.36%	1.89%	-12.0 bps	1
TCOM	4,862,997	$65.52	—	$58.80	$318.62M	$285.94M	-10.26%	1.78%	-18.3 bps	1
TSN	4,679,582	$55.99	—	$57.04	$262.01M	$266.92M	+1.88%	1.72%	+3.2 bps	1
OC	1,787,242	$143.25	—	$143.88	$256.02M	$257.15M	+0.44%	1.47%	+0.6 bps	1
QSR	3,372,511	$68.79	—	$64.50	$232M	$217.53M	-6.24%	1.30%	-8.1 bps	1
AGCO	2,027,266	$105.44	—	$109.60	$213.75M	$222.19M	+3.95%	1.08%	+4.3 bps	1
BK	1,910,645	$87.10	—	$103.09	$166.42M	$196.97M	+18.36%	0.92%	+17.0 bps	1
JPM	639,852	$260.05	—	$288.76	$166.39M	$184.76M	+11.04%	0.90%	+10.0 bps	1
COP	1,402,068	$92.27	—	$93.91	$129.37M	$131.67M	+1.78%	0.85%	+1.5 bps	1
DUSA	3,383,338	$44.34	—	$45.83	$150.02M	$155.06M	+3.36%	0.83%	+2.8 bps	1
CPNG	5,880,990	$26.14	—	$27.83	$153.73M	$163.67M	+6.47%	0.74%	+4.8 bps	1
IAC	2,657,782	$39.34	—	$34.17	$104.56M	$90.82M	-13.14%	0.70%	-9.2 bps	1
GOOG	646,697	$159.58	—	$202.09	$103.2M	$130.69M	+26.64%	0.58%	+15.5 bps	1
YMM	7,819,344	$12.59	—	$11.32	$98.45M	$88.51M	-10.09%	0.58%	-5.8 bps	1
FITB	2,461,119	$39.24	—	$41.64	$96.57M	$102.48M	+6.12%	0.56%	+3.4 bps	1
MSFT	256,523	$449.26	—	$522.04	$115.25M	$133.92M	+16.20%	0.56%	+9.0 bps	1
DINT	3,890,080	$24.60	—	$25.90	$95.7M	$100.75M	+5.28%	0.52%	+2.7 bps	1
PNC	495,808	$175.00	—	$189.74	$86.77M	$94.07M	+8.42%	0.50%	+4.2 bps	1
DFNL	2,129,860	$40.68	—	$43.07	$86.64M	$91.74M	+5.88%	0.48%	+2.8 bps	1
DAR	2,476,469	$35.51	—	$30.63	$87.94M	$75.85M	-13.74%	0.45%	-6.1 bps	1
AXP	271,435	$298.92	—	$297.43	$81.14M	$80.73M	-0.50%	0.42%	-0.2 bps	1
DWLD	1,916,287	$39.94	—	$41.94	$76.54M	$80.37M	+5.01%	0.42%	+2.1 bps	1
SE	514,628	$142.45	—	$147.61	$73.31M	$75.96M	+3.62%	0.39%	+1.4 bps	1
NTES	596,114	$106.82	—	$128.62	$63.68M	$76.67M	+20.41%	0.35%	+7.2 bps	1
L	599,066	$89.27	—	$93.77	$53.48M	$56.17M	+5.04%	0.32%	+1.6 bps	1
BAC	1,156,148	$43.36	—	$46.01	$50.13M	$53.19M	+6.11%	0.28%	+1.7 bps	1
APP	163,011	$347.90	—	$455.98	$56.71M	$74.33M	+31.07%	0.25%	+7.7 bps	1
NTB	1,068,441	$42.10	—	$45.00	$44.98M	$48.08M	+6.89%	0.24%	+1.7 bps	1
WCC	258,503	$171.70	—	$204.28	$44.38M	$52.81M	+18.98%	0.23%	+4.4 bps	1
RKT	3,139,289	$11.67	—	$16.81	$36.64M	$52.77M	+44.04%	0.22%	+9.6 bps	1
BEKE	1,860,528	$19.84	—	$17.56	$36.91M	$32.67M	-11.49%	0.22%	-2.5 bps	1
RNR	143,801	$248.22	—	$240.37	$35.69M	$34.57M	-3.16%	0.20%	-0.6 bps	1
JCI	404,164	$95.28	—	$105.55	$38.51M	$42.66M	+10.78%	0.19%	+2.0 bps	1
VALE	2,733,513	$9.60	—	$10.22	$26.24M	$27.94M	+6.46%	0.16%	+1.0 bps	1
UNH	48,519	$378.75	—	$250.89	$18.38M	$12.17M	-33.76%	0.15%	-4.9 bps	1
SCHW	297,606	$85.37	—	$97.08	$25.41M	$28.89M	+13.72%	0.13%	+1.8 bps	1
SAP	76,126	$293.51	—	$292.12	$22.34M	$22.24M	-0.47%	0.12%	-0.1 bps	1
AMT	88,940	$207.92	—	$206.51	$18.49M	$18.37M	-0.68%	0.11%	-0.1 bps	1
PLD	171,756	$110.33	—	$105.68	$18.95M	$18.15M	-4.21%	0.11%	-0.5 bps	1
ORCL	136,380	$157.22	—	$250.05	$21.44M	$34.1M	+59.04%	0.11%	+6.5 bps	1
VTR	250,190	$65.13	—	$68.57	$16.29M	$17.16M	+5.28%	0.10%	+0.5 bps	1
NOAH	1,654,817	$9.51	—	$12.18	$15.74M	$20.16M	+28.08%	0.09%	+2.5 bps	1
YOU	581,691	$24.63	—	$32.02	$14.33M	$18.63M	+30.00%	0.09%	+2.6 bps	1
PSA	49,760	$305.18	—	$281.74	$15.19M	$14.02M	-7.68%	0.09%	-0.7 bps	1
EG	39,662	$347.80	—	$329.80	$13.79M	$13.08M	-5.18%	0.08%	-0.4 bps	1
REXR	363,620	$35.89	—	$36.72	$13.05M	$13.35M	+2.31%	0.08%	+0.2 bps	1
JD	345,461	$36.05	—	$31.49	$12.45M	$10.88M	-12.65%	0.08%	-1.0 bps	1
ARE	151,317	$74.23	—	$74.21	$11.23M	$11.23M	-0.03%	0.08%	-0.0 bps	1
BXP	203,440	$66.60	—	$63.25	$13.55M	$12.87M	-5.03%	0.08%	-0.4 bps	1
CUZ	446,935	$28.60	—	$26.70	$12.78M	$11.93M	-6.64%	0.08%	-0.5 bps	1
BRX	484,360	$26.41	—	$25.56	$12.79M	$12.38M	-3.22%	0.07%	-0.2 bps	1
EQIX	15,373	$870.47	—	$776.20	$13.38M	$11.93M	-10.83%	0.07%	-0.8 bps	1
AVB	56,650	$208.59	—	$186.78	$11.82M	$10.58M	-10.46%	0.07%	-0.7 bps	1
SPG	68,033	$171.44	—	$164.93	$11.66M	$11.22M	-3.80%	0.07%	-0.2 bps	1
DLR	67,130	$166.00	—	$169.91	$11.14M	$11.41M	+2.36%	0.06%	+0.1 bps	1
CPT	76,510	$118.95	—	$105.52	$9.1M	$8.07M	-11.29%	0.05%	-0.6 bps	1
AMH	243,120	$38.31	—	$34.42	$9.31M	$8.37M	-10.15%	0.05%	-0.5 bps	1
MTB	51,185	$184.70	—	$187.17	$9.45M	$9.58M	+1.34%	0.05%	+0.1 bps	1
REG	118,140	$73.83	—	$71.92	$8.72M	$8.5M	-2.59%	0.05%	-0.1 bps	1
MAA	51,450	$163.63	—	$140.48	$8.42M	$7.23M	-14.15%	0.05%	-0.7 bps	1
ESS	27,731	$286.30	—	$254.59	$7.94M	$7.06M	-11.08%	0.05%	-0.5 bps	1
EXR	56,785	$148.89	—	$136.36	$8.45M	$7.74M	-8.42%	0.05%	-0.4 bps	1
EGP	44,750	$172.44	—	$161.10	$7.72M	$7.21M	-6.58%	0.05%	-0.3 bps	1
SHO	791,730	$9.17	—	$8.71	$7.26M	$6.9M	-5.02%	0.04%	-0.2 bps	1
UDR	158,610	$42.57	—	$38.09	$6.75M	$6.04M	-10.52%	0.04%	-0.4 bps	1
EQR	99,855	$70.90	—	$63.20	$7.08M	$6.31M	-10.86%	0.04%	-0.4 bps	1
HPP	2,296,963	$2.37	—	$2.50	$5.44M	$5.74M	+5.49%	0.04%	+0.2 bps	1
STT	72,704	$96.00	—	$111.08	$6.98M	$8.08M	+15.71%	0.04%	+0.6 bps	1
TFC	156,431	$41.12	—	$43.07	$6.43M	$6.74M	+4.74%	0.04%	+0.2 bps	1
TRNO	100,827	$59.38	—	$53.77	$5.99M	$5.42M	-9.45%	0.04%	-0.3 bps	1
CHCT	301,740	$16.30	—	$14.44	$4.92M	$4.36M	-11.41%	0.03%	-0.4 bps	1
VICI	143,440	$31.52	—	$32.90	$4.52M	$4.72M	+4.38%	0.03%	+0.1 bps	1
DEI	268,820	$15.03	—	$14.43	$4.04M	$3.88M	-3.99%	0.02%	-0.1 bps	1
CCI	41,000	$100.48	—	$104.50	$4.12M	$4.28M	+4.00%	0.02%	+0.1 bps	1
HIW	129,180	$30.41	—	$28.69	$3.93M	$3.71M	-5.66%	0.02%	-0.1 bps	1
IVE	19,712	$190.25	—	$198.78	$3.75M	$3.92M	+4.48%	0.02%	+0.1 bps	1
FRT	32,930	$98.21	—	$91.30	$3.23M	$3.01M	-7.04%	0.02%	-0.1 bps	1
SUI	25,040	$125.06	—	$125.33	$3.13M	$3.14M	+0.22%	0.02%	+0.0 bps	1
NTST	114,960	$15.80	—	$18.54	$1.82M	$2.13M	+17.34%	0.01%	+0.2 bps	1
LRCX	12,280	$82.25	—	$101.75	$1.01M	$1.25M	+23.71%	0.01%	+0.1 bps	1
CCK	8,570	$97.78	—	$101.48	$837.97K	$869.68K	+3.78%	0.00%	+0.0 bps	1
RH	2,240	$226.04	—	$215.04	$506.33K	$481.69K	-4.87%	0.00%	-0.0 bps	1
INTC	10,683	$22.18	—	$19.95	$236.95K	$213.13K	-10.05%	0.00%	-0.0 bps	1
PEAK	—	—	—	—	—	—	—	0.03%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$6B	$6.34B	+5.65%
Total(102)					$18.04B	$18.64B	+3.31%

2025-02-07 → 2025-05-12

98 of 100 priced99.97% coverage

-2.91%

Holdings from Q4 2024 disclosure · accession 0001316506-25-000017 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
COFTOP 5	9,249,045	$203.21	—	$199.95	$1.88B	$1.85B	-1.60%	9.59%	-15.4 bps	1
METATOP 5	2,492,597	$714.52	—	$639.43	$1.78B	$1.59B	-10.51%	8.48%	-89.1 bps	1
BRK-ATOP 5	1,582	$708903.00	—	$772100.00	$1.12B	$1.22B	+8.91%	6.26%	+55.8 bps	1
AMZNTOP 5	3,807,582	$229.15	—	$208.64	$872.51M	$794.41M	-8.95%	4.85%	-43.5 bps	1
VTRS	62,573,562	$10.73	—	$8.96	$671.41M	$560.66M	-16.50%	4.53%	-74.7 bps	1
AMATTOP 5	4,712,217	$180.00	—	$167.99	$848.2M	$791.61M	-6.67%	4.45%	-29.7 bps	1
MGM	19,920,713	$34.57	—	$34.66	$688.66M	$690.45M	+0.26%	4.01%	+1.0 bps	1
USB	14,375,139	$47.23	—	$44.01	$678.94M	$632.65M	-6.82%	4.00%	-27.2 bps	1
MKL	370,522	$2026.37	—	$1918.71	$750.81M	$710.92M	-5.31%	3.72%	-19.7 bps	1
WFC	8,635,051	$80.67	—	$74.88	$696.59M	$646.59M	-7.18%	3.53%	-25.3 bps	1
HUM	2,256,909	$274.33	—	$252.86	$619.14M	$570.68M	-7.83%	3.33%	-26.0 bps	1
GOOGL	3,015,704	$185.34	—	$158.46	$558.93M	$477.87M	-14.50%	3.32%	-48.1 bps	1
CVS	11,385,950	$54.01	—	$64.81	$614.96M	$737.92M	+20.00%	2.97%	+59.4 bps	1
TECK	11,298,820	$43.05	—	$37.67	$486.41M	$425.63M	-12.50%	2.66%	-33.3 bps	1
TXN	2,350,090	$180.00	—	$187.28	$423.02M	$440.12M	+4.04%	2.56%	+10.4 bps	1
CI	1,431,796	$286.71	—	$315.74	$410.51M	$452.08M	+10.13%	2.30%	+23.3 bps	1
DGX	2,397,260	$162.64	—	$175.90	$389.89M	$421.68M	+8.15%	2.10%	+17.1 bps	1
SOLV	5,246,614	$73.38	—	$74.80	$385M	$392.45M	+1.94%	2.01%	+3.9 bps	1
BRK-B	717,513	$472.74	—	$514.30	$339.2M	$369.02M	+8.79%	1.89%	+16.6 bps	1
OC	1,811,263	$181.00	—	$143.25	$327.84M	$259.46M	-20.86%	1.79%	-37.4 bps	1
CB	1,095,002	$270.16	—	$289.65	$295.83M	$317.17M	+7.21%	1.76%	+12.7 bps	1
TCOM	3,747,161	$69.22	—	$65.52	$259.38M	$245.51M	-5.35%	1.50%	-8.0 bps	1
AGCO	1,991,357	$99.98	—	$105.44	$199.1M	$209.97M	+5.46%	1.08%	+5.9 bps	1
TSN	3,080,686	$57.94	—	$55.99	$178.49M	$172.49M	-3.37%	1.03%	-3.5 bps	1
BK	2,136,974	$86.15	—	$87.10	$184.1M	$186.13M	+1.10%	0.95%	+1.1 bps	1
JPM	657,723	$275.80	—	$260.05	$181.4M	$171.04M	-5.71%	0.92%	-5.2 bps	1
DUSA	3,386,897	$45.35	—	$44.34	$153.6M	$150.18M	-2.23%	0.83%	-1.8 bps	1
COP	1,370,773	$98.36	—	$92.27	$134.83M	$126.48M	-6.19%	0.79%	-4.9 bps	1
CPNG	5,911,885	$23.65	—	$26.14	$139.82M	$154.54M	+10.53%	0.76%	+8.0 bps	1
GOOG	646,956	$187.14	—	$159.58	$121.07M	$103.24M	-14.73%	0.72%	-10.5 bps	1
IAC	2,635,624	$41.60	—	$39.34	$109.64M	$103.69M	-5.43%	0.66%	-3.6 bps	1
MSFT	254,991	$409.75	—	$449.26	$104.48M	$114.56M	+9.64%	0.62%	+6.0 bps	1
FITB	2,444,176	$44.04	—	$39.24	$107.64M	$95.91M	-10.90%	0.60%	-6.5 bps	1
PNC	501,629	$200.72	—	$175.00	$100.69M	$87.79M	-12.81%	0.56%	-7.2 bps	1
DINT	3,869,214	$22.36	—	$24.60	$86.5M	$95.18M	+10.04%	0.49%	+4.9 bps	1
AXP	274,490	$316.77	—	$298.92	$86.95M	$82.05M	-5.64%	0.47%	-2.7 bps	1
DFNL	2,129,265	$40.73	—	$40.68	$86.73M	$86.62M	-0.13%	0.47%	-0.1 bps	1
DAR	2,378,248	$39.75	—	$35.51	$94.54M	$84.45M	-10.67%	0.47%	-5.0 bps	1
DWLD	1,917,980	$38.15	—	$39.94	$73.17M	$76.6M	+4.69%	0.40%	+1.9 bps	1
SE	638,014	$123.00	—	$142.45	$78.48M	$90.89M	+15.81%	0.39%	+6.2 bps	1
BEKE	3,647,872	$17.92	—	$19.84	$65.37M	$72.37M	+10.71%	0.39%	+4.2 bps	1
YMM	5,400,391	$12.19	—	$12.59	$65.83M	$67.99M	+3.28%	0.34%	+1.1 bps	1
NTES	597,320	$104.17	—	$106.82	$62.22M	$63.81M	+2.54%	0.31%	+0.8 bps	1
INTC	2,567,616	$19.10	—	$22.18	$49.04M	$56.95M	+16.13%	0.30%	+4.8 bps	1
BAC	1,170,435	$47.40	—	$43.36	$55.48M	$50.75M	-8.52%	0.30%	-2.5 bps	1
L	606,197	$86.77	—	$89.27	$52.6M	$54.12M	+2.88%	0.30%	+0.9 bps	1
WCC	256,987	$185.91	—	$171.70	$47.78M	$44.12M	-7.64%	0.27%	-2.1 bps	1
NTB	1,076,424	$37.98	—	$42.10	$40.88M	$45.32M	+10.85%	0.23%	+2.5 bps	1
IVE	197,175	$194.62	—	$190.25	$38.37M	$37.51M	-2.25%	0.22%	-0.5 bps	1
RKT	3,170,939	$12.73	—	$11.67	$40.37M	$37M	-8.33%	0.21%	-1.7 bps	1
RNR	142,313	$239.54	—	$248.22	$34.09M	$35.32M	+3.62%	0.21%	+0.7 bps	1
JCI	403,534	$87.65	—	$95.28	$35.37M	$38.45M	+8.71%	0.19%	+1.6 bps	1
UNH	51,115	$527.03	—	$378.75	$26.94M	$19.36M	-28.14%	0.15%	-4.2 bps	1
SAP	97,487	$279.64	—	$293.51	$27.26M	$28.61M	+4.96%	0.14%	+0.7 bps	1
ORCL	137,210	$174.46	—	$157.22	$23.94M	$21.57M	-9.88%	0.13%	-1.3 bps	1
SCHW	300,056	$83.18	—	$85.37	$24.96M	$25.62M	+2.63%	0.13%	+0.3 bps	1
NOAH	1,665,696	$10.78	—	$9.51	$17.96M	$15.84M	-11.78%	0.11%	-1.3 bps	1
PLD	179,096	$117.35	—	$110.33	$21.02M	$19.76M	-5.98%	0.11%	-0.7 bps	1
EQIX	19,198	$933.27	—	$870.47	$17.92M	$16.71M	-6.73%	0.11%	-0.7 bps	1
AMT	89,530	$188.84	—	$207.92	$16.91M	$18.62M	+10.10%	0.10%	+1.0 bps	1
DLR	90,645	$168.07	—	$166.00	$15.23M	$15.05M	-1.23%	0.09%	-0.1 bps	1
YOU	579,686	$23.20	—	$24.63	$13.45M	$14.28M	+6.16%	0.09%	+0.6 bps	1
CUZ	504,215	$31.21	—	$28.60	$15.74M	$14.42M	-8.36%	0.09%	-0.8 bps	1
PSA	50,090	$302.61	—	$305.18	$15.16M	$15.29M	+0.85%	0.09%	+0.1 bps	1
VTR	251,750	$60.59	—	$65.13	$15.25M	$16.4M	+7.49%	0.09%	+0.6 bps	1
ARE	150,197	$95.96	—	$74.23	$14.41M	$11.15M	-22.64%	0.09%	-1.9 bps	1
EG	39,212	$338.03	—	$347.80	$13.25M	$13.64M	+2.89%	0.08%	+0.2 bps	1
SPG	80,720	$179.94	—	$171.44	$14.52M	$13.84M	-4.72%	0.08%	-0.4 bps	1
BRX	491,270	$26.68	—	$26.41	$13.11M	$12.97M	-1.01%	0.08%	-0.1 bps	1
REXR	339,590	$39.54	—	$35.89	$13.43M	$12.19M	-9.23%	0.08%	-0.7 bps	1
AVB	56,220	$220.16	—	$208.59	$12.38M	$11.73M	-5.26%	0.07%	-0.4 bps	1
JD	355,833	$40.17	—	$36.05	$14.29M	$12.83M	-10.26%	0.07%	-0.7 bps	1
BXP	152,800	$72.74	—	$66.60	$11.11M	$10.18M	-8.44%	0.07%	-0.6 bps	1
SHO	802,620	$11.35	—	$9.17	$9.11M	$7.36M	-19.21%	0.06%	-1.1 bps	1
ESS	33,241	$292.14	—	$286.30	$9.71M	$9.52M	-2.00%	0.06%	-0.1 bps	1
MTB	49,678	$200.38	—	$184.70	$9.95M	$9.18M	-7.83%	0.05%	-0.4 bps	1
EXR	61,085	$156.00	—	$148.89	$9.53M	$9.09M	-4.56%	0.05%	-0.2 bps	1
REG	118,830	$74.02	—	$73.83	$8.8M	$8.77M	-0.26%	0.05%	-0.0 bps	1
UDR	195,910	$42.90	—	$42.57	$8.4M	$8.34M	-0.77%	0.05%	-0.0 bps	1
AMH	216,670	$35.53	—	$38.31	$7.7M	$8.3M	+7.82%	0.05%	+0.4 bps	1
CPT	69,380	$119.16	—	$118.95	$8.27M	$8.25M	-0.18%	0.05%	-0.0 bps	1
EQR	100,455	$71.33	—	$70.90	$7.17M	$7.12M	-0.60%	0.04%	-0.0 bps	1
EGP	44,440	$174.66	—	$172.44	$7.76M	$7.66M	-1.27%	0.04%	-0.1 bps	1
HPP	2,280,963	$3.21	—	$2.37	$7.32M	$5.41M	-26.17%	0.04%	-1.1 bps	1
FRT	60,070	$110.98	—	$98.21	$6.67M	$5.9M	-11.51%	0.04%	-0.4 bps	1
TFC	145,379	$47.68	—	$41.12	$6.93M	$5.98M	-13.76%	0.04%	-0.5 bps	1
STT	63,111	$99.44	—	$96.00	$6.28M	$6.06M	-3.46%	0.04%	-0.1 bps	1
TRNO	101,477	$67.32	—	$59.38	$6.83M	$6.03M	-11.79%	0.03%	-0.4 bps	1
MAA	35,660	$158.13	—	$163.63	$5.64M	$5.84M	+3.48%	0.03%	+0.1 bps	1
VICI	145,300	$30.11	—	$31.52	$4.37M	$4.58M	+4.68%	0.02%	+0.1 bps	1
CHCT	215,630	$19.98	—	$16.30	$4.31M	$3.51M	-18.42%	0.02%	-0.4 bps	1
HIW	130,050	$29.43	—	$30.41	$3.83M	$3.95M	+3.33%	0.02%	+0.1 bps	1
CCI	41,260	$89.51	—	$100.48	$3.69M	$4.15M	+12.26%	0.02%	+0.3 bps	1
WELL	29,550	$142.59	—	$145.63	$4.21M	$4.3M	+2.13%	0.02%	+0.0 bps	1
DEI	124,690	$17.64	—	$15.03	$2.2M	$1.87M	-14.80%	0.01%	-0.2 bps	1
LRCX	12,280	$82.33	—	$82.25	$1.01M	$1.01M	-0.10%	0.01%	-0.0 bps	1
RH	2,240	$397.10	—	$226.04	$889.5K	$506.33K	-43.08%	0.01%	-0.2 bps	1
CCK	8,570	$86.96	—	$97.78	$745.25K	$837.97K	+12.44%	0.00%	+0.1 bps	1
PEAK	—	—	—	—	—	—	—	0.03%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$6.5B	$6.25B	-3.88%
Total(98)					$18.42B	$17.88B	-2.91%

2024-11-08 → 2025-02-07

99 of 102 priced99.94% coverage

+1.77%

Holdings from Q3 2024 disclosure · accession 0001316506-24-000028 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
METATOP 5	2,714,886	$589.34	—	$714.52	$1.6B	$1.94B	+21.24%	8.72%	+185.2 bps	1
COFTOP 5	9,628,400	$185.21	—	$203.21	$1.78B	$1.96B	+9.72%	8.09%	+78.6 bps	1
BRK-ATOP 5	1,617	$695878.00	—	$708903.00	$1.13B	$1.15B	+1.87%	6.27%	+11.7 bps	1
AMAT	4,112,767	$192.03	—	$180.00	$789.77M	$740.3M	-6.26%	4.66%	-29.2 bps	1
WFCTOP 5	14,263,227	$70.04	—	$80.67	$999M	$1.15B	+15.18%	4.52%	+68.6 bps	1
AMZNTOP 5	4,062,415	$208.18	—	$229.15	$845.71M	$930.9M	+10.07%	4.25%	+42.8 bps	1
MGM	19,038,296	$36.69	—	$34.57	$698.52M	$658.15M	-5.78%	4.17%	-24.1 bps	1
HUM	2,309,557	$288.12	—	$274.33	$665.43M	$633.58M	-4.79%	4.10%	-19.6 bps	1
VTRS	62,647,266	$12.96	—	$10.73	$811.91M	$672.21M	-17.21%	4.08%	-70.2 bps	1
USB	14,392,993	$50.21	—	$47.23	$722.67M	$679.78M	-5.94%	3.69%	-21.9 bps	1
TECK	11,390,911	$48.69	—	$43.05	$554.62M	$490.38M	-11.58%	3.34%	-38.7 bps	1
GOOGL	3,062,607	$178.35	—	$185.34	$546.22M	$567.62M	+3.92%	2.85%	+11.2 bps	1
CI	1,439,871	$319.77	—	$286.71	$460.43M	$412.83M	-10.34%	2.80%	-28.9 bps	1
TXN	2,360,962	$220.29	—	$180.00	$520.1M	$424.97M	-18.29%	2.74%	-50.0 bps	1
MKL	289,600	$1650.74	—	$2026.37	$478.05M	$586.84M	+22.76%	2.55%	+58.0 bps	1
BK	5,366,975	$77.06	—	$86.15	$413.58M	$462.36M	+11.80%	2.16%	+25.5 bps	1
OC	2,153,295	$190.44	—	$181.00	$410.07M	$389.75M	-4.96%	2.13%	-10.6 bps	1
DGX	2,399,103	$159.37	—	$162.64	$382.35M	$390.19M	+2.05%	2.09%	+4.3 bps	1
SOLV	5,271,513	$72.43	—	$73.38	$381.82M	$386.82M	+1.31%	2.06%	+2.7 bps	1
BRK-B	746,965	$463.41	—	$472.74	$346.15M	$353.12M	+2.01%	1.93%	+3.9 bps	1
CB	1,178,336	$281.36	—	$270.16	$331.54M	$318.34M	-3.98%	1.91%	-7.6 bps	1
INTC	12,623,929	$26.20	—	$19.10	$330.75M	$241.12M	-27.10%	1.66%	-45.0 bps	1
JPM	1,399,528	$236.98	—	$275.80	$331.66M	$385.99M	+16.38%	1.66%	+27.1 bps	1
TCOM	3,746,822	$65.48	—	$69.22	$245.34M	$259.36M	+5.71%	1.25%	+7.1 bps	1
AGCO	2,041,981	$91.86	—	$99.98	$187.58M	$204.16M	+8.84%	1.12%	+9.9 bps	1
TSN	3,111,577	$59.59	—	$57.94	$185.42M	$180.28M	-2.77%	1.04%	-2.9 bps	1
COP	1,407,562	$111.59	—	$98.36	$157.07M	$138.45M	-11.86%	0.83%	-9.9 bps	1
CPNG	5,940,678	$24.17	—	$23.65	$143.59M	$140.5M	-2.15%	0.82%	-1.8 bps	1
IAC	2,702,142	$53.46	—	$41.60	$144.46M	$112.41M	-22.18%	0.82%	-18.1 bps	1
DUSA	3,385,789	$43.99	—	$45.35	$148.94M	$153.55M	+3.09%	0.79%	+2.4 bps	1
BEKE	5,880,528	$20.99	—	$17.92	$123.43M	$105.38M	-14.63%	0.66%	-9.6 bps	1
GOOG	665,676	$179.86	—	$187.14	$119.73M	$124.57M	+4.05%	0.62%	+2.5 bps	1
MSFT	258,140	$422.54	—	$409.75	$109.07M	$105.77M	-3.03%	0.62%	-1.9 bps	1
DAR	2,831,571	$40.68	—	$39.75	$115.19M	$112.55M	-2.29%	0.59%	-1.3 bps	1
FITB	2,435,536	$46.26	—	$44.04	$112.67M	$107.26M	-4.80%	0.59%	-2.8 bps	1
DINT	3,866,428	$23.71	—	$22.36	$91.67M	$86.43M	-5.71%	0.52%	-3.0 bps	1
PNC	501,736	$203.97	—	$200.72	$102.34M	$100.71M	-1.59%	0.52%	-0.8 bps	1
DFNL	2,128,485	$39.71	—	$40.73	$84.51M	$86.7M	+2.58%	0.44%	+1.1 bps	1
AXP	287,548	$287.60	—	$316.77	$82.7M	$91.09M	+10.14%	0.44%	+4.4 bps	1
DWLD	1,916,112	$38.70	—	$38.15	$74.15M	$73.1M	-1.42%	0.41%	-0.6 bps	1
SE	649,028	$93.56	—	$123.00	$60.72M	$79.83M	+31.47%	0.34%	+10.8 bps	1
RKT	3,163,759	$15.87	—	$12.73	$50.21M	$40.27M	-19.79%	0.34%	-6.7 bps	1
L	605,243	$83.11	—	$86.77	$50.3M	$52.52M	+4.40%	0.27%	+1.2 bps	1
BAC	1,169,687	$45.13	—	$47.40	$52.79M	$55.44M	+5.03%	0.26%	+1.3 bps	1
WCC	256,020	$205.78	—	$185.91	$52.68M	$47.6M	-9.66%	0.24%	-2.3 bps	1
NTB	1,070,712	$37.69	—	$37.98	$40.36M	$40.67M	+0.77%	0.22%	+0.2 bps	1
RNR	141,214	$268.12	—	$239.54	$37.86M	$33.83M	-10.66%	0.22%	-2.3 bps	1
JCI	463,669	$84.62	—	$87.65	$39.24M	$40.64M	+3.58%	0.20%	+0.7 bps	1
JD	867,641	$38.35	—	$40.17	$33.27M	$34.85M	+4.75%	0.19%	+0.9 bps	1
PLD	246,846	$115.83	—	$117.35	$28.59M	$28.97M	+1.31%	0.17%	+0.2 bps	1
UNH	51,132	$615.81	—	$527.03	$31.49M	$26.95M	-14.42%	0.17%	-2.4 bps	1
ORCL	138,268	$189.25	—	$174.46	$26.17M	$24.12M	-7.82%	0.13%	-1.0 bps	1
CVS	367,512	$55.54	—	$54.01	$20.41M	$19.85M	-2.75%	0.13%	-0.4 bps	1
SAP	99,355	$237.56	—	$279.64	$23.6M	$27.78M	+17.71%	0.13%	+2.3 bps	1
NOAH	1,666,249	$12.24	—	$10.78	$20.39M	$17.96M	-11.93%	0.12%	-1.4 bps	1
PSA	54,520	$339.42	—	$302.61	$18.51M	$16.5M	-10.85%	0.11%	-1.2 bps	1
YOU	592,587	$27.77	—	$23.20	$16.46M	$13.75M	-16.46%	0.11%	-1.8 bps	1
SCHW	299,705	$73.90	—	$83.18	$22.15M	$24.93M	+12.56%	0.11%	+1.4 bps	1
CUZ	620,015	$31.65	—	$31.21	$19.62M	$19.35M	-1.39%	0.10%	-0.1 bps	1
VTR	281,230	$65.15	—	$60.59	$18.32M	$17.04M	-7.00%	0.10%	-0.7 bps	1
AMT	75,940	$201.80	—	$188.84	$15.32M	$14.34M	-6.42%	0.10%	-0.6 bps	1
EQIX	19,328	$921.06	—	$933.27	$17.8M	$18.04M	+1.33%	0.10%	+0.1 bps	1
ARE	142,057	$114.04	—	$95.96	$16.2M	$13.63M	-15.85%	0.09%	-1.5 bps	1
DLR	101,175	$181.98	—	$168.07	$18.41M	$17M	-7.64%	0.09%	-0.7 bps	1
EG	38,883	$368.29	—	$338.03	$14.32M	$13.14M	-8.22%	0.09%	-0.7 bps	1
SPG	83,580	$179.02	—	$179.94	$14.96M	$15.04M	+0.51%	0.08%	+0.0 bps	1
BRX	494,490	$28.74	—	$26.68	$14.21M	$13.19M	-7.17%	0.08%	-0.6 bps	1
BABA	127,784	$94.19	—	$103.51	$12.04M	$13.23M	+9.89%	0.08%	+0.8 bps	1
AVB	56,610	$233.75	—	$220.16	$13.23M	$12.46M	-5.81%	0.07%	-0.4 bps	1
BXP	152,800	$82.90	—	$72.74	$12.67M	$11.11M	-12.26%	0.07%	-0.8 bps	1
EXR	61,495	$167.70	—	$156.00	$10.31M	$9.59M	-6.98%	0.06%	-0.4 bps	1
REXR	209,250	$43.11	—	$39.54	$9.02M	$8.27M	-8.28%	0.06%	-0.5 bps	1
ESS	33,451	$304.66	—	$292.14	$10.19M	$9.77M	-4.11%	0.06%	-0.2 bps	1
UDR	197,320	$44.48	—	$42.90	$8.78M	$8.47M	-3.55%	0.05%	-0.2 bps	1
MTB	48,565	$209.41	—	$200.38	$10.17M	$9.73M	-4.31%	0.05%	-0.2 bps	1
REG	119,660	$74.24	—	$74.02	$8.88M	$8.86M	-0.30%	0.05%	-0.0 bps	1
CPT	69,820	$121.74	—	$119.16	$8.5M	$8.32M	-2.12%	0.05%	-0.1 bps	1
AMH	218,090	$36.96	—	$35.53	$8.06M	$7.75M	-3.87%	0.05%	-0.2 bps	1
SHO	807,870	$10.81	—	$11.35	$8.73M	$9.17M	+5.00%	0.05%	+0.2 bps	1
EQR	101,105	$73.53	—	$71.33	$7.43M	$7.21M	-2.99%	0.04%	-0.1 bps	1
EGP	39,660	$176.00	—	$174.66	$6.98M	$6.93M	-0.76%	0.04%	-0.0 bps	1
FRT	60,520	$114.35	—	$110.98	$6.92M	$6.72M	-2.95%	0.04%	-0.1 bps	1
TRNO	102,237	$62.00	—	$67.32	$6.34M	$6.88M	+8.58%	0.04%	+0.3 bps	1
TFC	137,238	$45.22	—	$47.68	$6.21M	$6.54M	+5.44%	0.03%	+0.2 bps	1
HPP	1,213,023	$4.56	—	$3.21	$5.53M	$3.89M	-29.61%	0.03%	-1.0 bps	1
MAA	35,660	$159.14	—	$158.13	$5.67M	$5.64M	-0.63%	0.03%	-0.0 bps	1
STT	60,809	$94.78	—	$99.44	$5.76M	$6.05M	+4.92%	0.03%	+0.1 bps	1
HIW	157,100	$33.79	—	$29.43	$5.31M	$4.62M	-12.90%	0.03%	-0.4 bps	1
CCI	41,550	$105.85	—	$89.51	$4.4M	$3.72M	-15.44%	0.03%	-0.4 bps	1
VICI	146,190	$31.39	—	$30.11	$4.59M	$4.4M	-4.08%	0.03%	-0.1 bps	1
CHCT	215,630	$18.79	—	$19.98	$4.05M	$4.31M	+6.33%	0.02%	+0.1 bps	1
WELL	29,740	$138.20	—	$142.59	$4.11M	$4.24M	+3.18%	0.02%	+0.1 bps	1
SUI	26,100	$125.32	—	$125.17	$3.27M	$3.27M	-0.12%	0.02%	-0.0 bps	1
IVE	12,698	$201.82	—	$194.62	$2.56M	$2.47M	-3.57%	0.01%	-0.0 bps	1
DEI	124,690	$19.28	—	$17.64	$2.4M	$2.2M	-8.51%	0.01%	-0.1 bps	1
LRCX	1,228	$782.00	—	$823.30	$960.3K	$1.01M	+5.28%	0.01%	+0.0 bps	1
CCK	8,570	$93.40	—	$86.96	$800.44K	$745.25K	-6.90%	0.00%	-0.0 bps	1
RH	2,240	$333.13	—	$397.10	$746.21K	$889.5K	+19.20%	0.00%	+0.1 bps	1
FWONA	9,590	$75.00	—	$92.72	$719.25K	$889.18K	+23.63%	0.00%	+0.1 bps	1
PEAK	—	—	—	—	—	—	—	0.03%	—	0
ROIC	—	—	—	—	—	—	—	0.02%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$6.35B	$7.12B	+12.14%
Total(99)					$18.74B	$19.07B	+1.77%

2024-08-07 → 2024-11-08

66 of 68 priced99.97% coverage

+16.90%

Holdings from Q2 2024 disclosure · accession 0000071701-24-000053 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
METATOP 5	3,059,517	$488.92	—	$589.34	$1.5B	$1.8B	+20.54%	8.96%	+184.1 bps	1
COFTOP 5	9,635,496	$132.29	—	$185.21	$1.27B	$1.78B	+40.00%	7.75%	+310.0 bps	1
BRK-ATOP 5	1,831	$641000.00	—	$695878.00	$1.17B	$1.27B	+8.56%	6.51%	+55.7 bps	1
AMZNTOP 5	5,720,344	$162.77	—	$208.18	$931.1M	$1.19B	+27.90%	6.42%	+179.1 bps	1
AMAT	4,185,924	$178.51	—	$192.03	$747.23M	$803.82M	+7.57%	5.74%	+43.5 bps	1
WFCTOP 5	15,350,126	$52.29	—	$70.04	$802.66M	$1.08B	+33.95%	5.30%	+179.8 bps	1
HUM	2,311,362	$345.56	—	$288.12	$798.71M	$665.95M	-16.62%	5.02%	-83.4 bps	1
VTRS	57,535,953	$11.36	—	$12.96	$653.61M	$745.67M	+14.08%	3.55%	+50.0 bps	1
USB	14,228,444	$41.39	—	$50.21	$588.92M	$714.41M	+21.31%	3.28%	+69.9 bps	1
GOOGL	3,074,425	$158.94	—	$178.35	$488.65M	$548.32M	+12.21%	3.25%	+39.7 bps	1
TECK	11,530,660	$43.57	—	$48.69	$502.39M	$561.43M	+11.75%	3.21%	+37.7 bps	1
MGM	11,911,559	$36.44	—	$36.69	$434.06M	$437.04M	+0.69%	3.07%	+2.1 bps	1
CI	1,446,129	$329.01	—	$319.77	$475.79M	$462.43M	-2.81%	2.78%	-7.8 bps	1
TXN	2,361,294	$184.07	—	$220.29	$434.64M	$520.17M	+19.68%	2.67%	+52.5 bps	1
MKL	287,061	$1494.55	—	$1650.74	$429.03M	$473.86M	+10.45%	2.63%	+27.5 bps	1
BK	7,450,908	$61.70	—	$77.06	$459.72M	$574.17M	+24.89%	2.59%	+64.5 bps	1
OC	2,275,729	$154.02	—	$190.44	$350.51M	$433.39M	+23.65%	2.30%	+54.3 bps	1
INTC	12,642,316	$18.99	—	$26.20	$240.08M	$331.23M	+37.97%	2.27%	+86.3 bps	1
JPM	1,849,353	$200.40	—	$236.98	$370.61M	$438.26M	+18.25%	2.17%	+39.7 bps	1
BRK-B	810,163	$427.02	—	$463.41	$345.96M	$375.44M	+8.52%	1.91%	+16.3 bps	1
DGX	2,390,828	$146.13	—	$159.37	$349.37M	$381.03M	+9.06%	1.90%	+17.2 bps	1
CB	1,256,840	$265.71	—	$281.36	$333.95M	$353.62M	+5.89%	1.86%	+11.0 bps	1
SOLV	5,163,955	$55.90	—	$72.43	$288.67M	$374.03M	+29.57%	1.59%	+46.9 bps	1
TSN	3,105,330	$61.14	—	$59.59	$189.86M	$185.05M	-2.54%	1.03%	-2.6 bps	1
DUSA	3,385,789	$38.08	—	$43.99	$128.93M	$148.94M	+15.52%	0.80%	+12.4 bps	1
AGCO	1,357,633	$87.16	—	$91.86	$118.33M	$124.71M	+5.39%	0.77%	+4.2 bps	1
IAC	2,704,207	$48.57	—	$53.46	$131.34M	$144.57M	+10.07%	0.74%	+7.4 bps	1
CPNG	5,974,842	$21.21	—	$24.17	$126.73M	$144.41M	+13.96%	0.73%	+10.1 bps	1
GOOG	675,447	$160.75	—	$179.86	$108.58M	$121.49M	+11.89%	0.72%	+8.6 bps	1
MSFT	258,122	$398.43	—	$422.54	$102.84M	$109.07M	+6.05%	0.67%	+4.1 bps	1
JD	4,304,912	$25.33	—	$38.35	$109.04M	$165.09M	+51.40%	0.65%	+33.2 bps	1
DAR	2,837,718	$35.70	—	$40.68	$101.31M	$115.44M	+13.95%	0.61%	+8.5 bps	1
FITB	2,478,079	$39.02	—	$46.26	$96.69M	$114.64M	+18.55%	0.53%	+9.7 bps	1
BEKE	5,995,230	$13.23	—	$20.99	$79.32M	$125.84M	+58.65%	0.49%	+28.9 bps	1
AXP	363,803	$228.80	—	$287.60	$83.24M	$104.63M	+25.70%	0.49%	+12.6 bps	1
PNC	510,360	$166.75	—	$203.97	$85.1M	$104.1M	+22.32%	0.46%	+10.3 bps	1
DINT	3,866,428	$19.06	—	$23.71	$73.68M	$91.67M	+24.42%	0.45%	+10.9 bps	1
DFNL	2,128,485	$33.40	—	$39.71	$71.1M	$84.51M	+18.87%	0.41%	+7.7 bps	1
DWLD	1,916,112	$31.75	—	$38.70	$60.84M	$74.15M	+21.89%	0.37%	+8.1 bps	1
BAC	1,190,869	$37.30	—	$45.13	$44.42M	$53.74M	+20.99%	0.28%	+5.8 bps	1
L	626,859	$76.27	—	$83.11	$47.81M	$52.1M	+8.97%	0.27%	+2.4 bps	1
SE	652,316	$60.73	—	$93.56	$39.62M	$61.03M	+54.06%	0.27%	+14.6 bps	1
UNH	90,293	$566.08	—	$615.81	$51.11M	$55.6M	+8.79%	0.27%	+2.3 bps	1
RKT	3,217,609	$17.29	—	$15.87	$55.63M	$51.06M	-8.21%	0.26%	-2.1 bps	1
COP	379,971	$106.93	—	$111.59	$40.63M	$42.4M	+4.36%	0.25%	+1.1 bps	1
NTB	1,080,340	$34.43	—	$37.69	$37.2M	$40.72M	+9.47%	0.22%	+2.1 bps	1
WCC	193,646	$149.47	—	$205.78	$28.94M	$39.85M	+37.67%	0.18%	+6.7 bps	1
JCI	439,642	$65.76	—	$84.62	$28.91M	$37.2M	+28.68%	0.17%	+4.9 bps	1
FWONA	357,861	$70.66	—	$75.00	$25.29M	$26.84M	+6.14%	0.13%	+0.8 bps	1
SCHW	304,789	$62.22	—	$73.90	$18.96M	$22.52M	+18.77%	0.13%	+2.4 bps	1
CVS	364,782	$56.47	—	$55.54	$20.6M	$20.26M	-1.65%	0.13%	-0.2 bps	1
SAP	98,807	$201.59	—	$237.56	$19.92M	$23.47M	+17.84%	0.12%	+2.1 bps	1
ORCL	138,132	$125.90	—	$189.25	$17.39M	$26.14M	+50.32%	0.11%	+5.7 bps	1
NOAH	1,681,650	$7.48	—	$12.24	$12.58M	$20.58M	+63.64%	0.09%	+6.0 bps	1
EG	40,889	$360.63	—	$368.29	$14.75M	$15.06M	+2.12%	0.09%	+0.2 bps	1
BABA	169,908	$77.83	—	$94.19	$13.22M	$16M	+21.02%	0.07%	+1.5 bps	1
MBC	823,506	$15.10	—	$17.04	$12.43M	$14.03M	+12.85%	0.07%	+0.9 bps	1
YOU	589,764	$24.42	—	$27.77	$14.4M	$16.38M	+13.72%	0.06%	+0.9 bps	1
MTB	48,247	$159.76	—	$209.41	$7.71M	$10.1M	+31.08%	0.04%	+1.3 bps	1
TFC	134,912	$41.10	—	$45.22	$5.54M	$6.1M	+10.02%	0.03%	+0.3 bps	1
IVE	23,681	$182.94	—	$201.82	$4.33M	$4.78M	+10.32%	0.03%	+0.3 bps	1
STT	54,917	$76.48	—	$94.78	$4.2M	$5.21M	+23.93%	0.02%	+0.6 bps	1
BIDU	46,841	$82.01	—	$88.96	$3.84M	$4.17M	+8.47%	0.02%	+0.2 bps	1
LRCX	1,228	$748.05	×10	$78.20	$918.61K	$960.3K	+4.54%	0.01%	+0.0 bps	1
CCK	8,570	$85.95	—	$93.40	$736.59K	$800.44K	+8.67%	0.00%	+0.0 bps	1
RH	2,240	$247.68	—	$333.13	$554.8K	$746.21K	+34.50%	0.00%	+0.1 bps	1
HOLI	—	—	—	—	—	—	—	0.03%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$5.68B	$7.13B	+25.53%
Total(66)					$16.21B	$18.95B	+16.90%

2024-05-13 → 2024-08-07

94 of 98 priced99.84% coverage

-5.22%

Holdings from Q1 2024 disclosure · accession 0000071701-24-000036 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
METATOP 5	3,078,864	$468.01	—	$488.92	$1.44B	$1.51B	+4.47%	8.38%	+37.4 bps	1
COFTOP 5	9,675,321	$142.20	—	$132.29	$1.38B	$1.28B	-6.97%	8.07%	-56.3 bps	1
WFCTOP 5	23,503,511	$61.26	—	$52.29	$1.44B	$1.23B	-14.64%	7.64%	-111.8 bps	1
BRK-ATOP 5	1,848	$621000.00	—	$641000.00	$1.15B	$1.18B	+3.22%	6.57%	+21.2 bps	1
AMZNTOP 5	5,765,626	$186.57	—	$162.77	$1.08B	$938.47M	-12.76%	5.83%	-74.4 bps	1
AMAT	4,660,857	$206.63	—	$178.51	$963.07M	$832.01M	-13.61%	5.39%	-73.3 bps	1
HUM	1,990,129	$339.58	—	$345.56	$675.81M	$687.71M	+1.76%	3.87%	+6.8 bps	1
VTRS	57,465,399	$11.36	—	$11.36	$652.81M	$652.81M	+0.00%	3.85%	+0.0 bps	1
JPM	3,227,669	$198.73	—	$200.40	$641.43M	$646.82M	+0.84%	3.62%	+3.0 bps	1
USB	14,185,007	$41.49	—	$41.39	$588.54M	$587.12M	-0.24%	3.55%	-0.9 bps	1
BK	10,283,435	$57.85	—	$61.70	$594.9M	$634.49M	+6.66%	3.32%	+22.1 bps	1
MGM	11,895,279	$40.93	—	$36.44	$486.87M	$433.46M	-10.97%	3.15%	-34.5 bps	1
TECK	11,584,005	$51.46	—	$43.57	$596.11M	$504.72M	-15.33%	2.97%	-45.6 bps	1
CI	1,453,170	$349.14	—	$329.01	$507.36M	$478.11M	-5.77%	2.96%	-17.1 bps	1
GOOGL	3,082,282	$169.14	—	$158.94	$521.34M	$489.9M	-6.03%	2.61%	-15.7 bps	1
MKL	286,091	$1634.47	—	$1494.55	$467.61M	$427.58M	-8.56%	2.44%	-20.9 bps	1
TXN	2,373,740	$187.82	—	$184.07	$445.84M	$436.93M	-2.00%	2.32%	-4.6 bps	1
OC	2,316,199	$175.66	—	$154.02	$406.86M	$356.74M	-12.32%	2.17%	-26.7 bps	1
BRK-B	809,942	$411.22	—	$427.02	$333.06M	$345.86M	+3.84%	1.91%	+7.3 bps	1
CB	1,262,467	$254.54	—	$265.71	$321.35M	$335.45M	+4.39%	1.83%	+8.0 bps	1
DGX	2,381,163	$140.78	—	$146.13	$335.22M	$347.96M	+3.80%	1.78%	+6.8 bps	1
INTC	6,791,218	$30.51	—	$18.99	$207.2M	$128.97M	-37.76%	1.68%	-63.5 bps	1
AXP	766,345	$238.65	—	$228.80	$182.89M	$175.34M	-4.13%	0.98%	-4.0 bps	1
AGCO	1,356,659	$116.25	—	$87.16	$157.71M	$118.25M	-25.02%	0.94%	-23.4 bps	1
IAC	2,703,237	$56.31	—	$48.57	$152.22M	$131.3M	-13.75%	0.81%	-11.1 bps	1
DUSA	3,385,789	$40.02	—	$38.08	$135.51M	$128.93M	-4.86%	0.77%	-3.7 bps	1
DAR	2,847,011	$46.63	—	$35.70	$132.76M	$101.64M	-23.44%	0.74%	-17.4 bps	1
JD	4,384,782	$33.78	—	$25.33	$148.12M	$111.07M	-25.01%	0.67%	-16.8 bps	1
MSFT	258,645	$413.72	—	$398.43	$107.01M	$103.05M	-3.70%	0.61%	-2.3 bps	1
CPNG	6,008,216	$22.22	—	$21.21	$133.5M	$127.43M	-4.55%	0.60%	-2.7 bps	1
GOOG	671,067	$170.90	—	$160.75	$114.69M	$107.87M	-5.94%	0.57%	-3.4 bps	1
FITB	2,485,189	$38.20	—	$39.02	$94.93M	$96.97M	+2.15%	0.52%	+1.1 bps	1
BEKE	6,010,085	$17.74	—	$13.23	$106.62M	$79.51M	-25.42%	0.46%	-11.8 bps	1
PNC	499,320	$158.05	—	$166.75	$78.92M	$83.26M	+5.50%	0.45%	+2.5 bps	1
DINT	3,866,428	$21.14	—	$19.06	$81.76M	$73.68M	-9.87%	0.42%	-4.1 bps	1
DFNL	2,128,485	$33.63	—	$33.40	$71.59M	$71.1M	-0.69%	0.40%	-0.3 bps	1
DWLD	1,916,112	$34.28	—	$31.75	$65.68M	$60.84M	-7.38%	0.35%	-2.6 bps	1
L	629,559	$77.34	—	$76.27	$48.69M	$48.02M	-1.38%	0.28%	-0.4 bps	1
RKT	3,234,359	$14.42	—	$17.29	$46.64M	$55.92M	+19.90%	0.26%	+5.3 bps	1
BAC	1,197,479	$38.21	—	$37.30	$45.76M	$44.67M	-2.38%	0.25%	-0.6 bps	1
UNH	89,853	$511.74	—	$566.08	$45.98M	$50.86M	+10.62%	0.25%	+2.6 bps	1
NTB	1,085,560	$35.33	—	$34.43	$38.35M	$37.38M	-2.55%	0.19%	-0.5 bps	1
WCC	190,822	$177.83	—	$149.47	$33.93M	$28.52M	-15.95%	0.18%	-2.9 bps	1
JCI	436,724	$66.06	—	$65.76	$28.85M	$28.72M	-0.45%	0.16%	-0.1 bps	1
PLD	181,256	$107.68	—	$120.15	$19.52M	$21.78M	+11.58%	0.13%	+1.5 bps	1
SAP	117,052	$189.96	—	$201.59	$22.24M	$23.6M	+6.12%	0.13%	+0.8 bps	1
SCHW	307,029	$74.70	—	$62.22	$22.94M	$19.1M	-16.71%	0.12%	-2.1 bps	1
FERG	99,207	$219.69	—	$194.52	$21.79M	$19.3M	-11.46%	0.12%	-1.4 bps	1
FWONA	368,843	$61.78	—	$70.66	$22.79M	$26.06M	+14.37%	0.12%	+1.7 bps	1
ARE	141,657	$120.72	—	$112.29	$17.1M	$15.91M	-6.98%	0.10%	-0.7 bps	1
ORCL	141,313	$116.37	—	$125.90	$16.44M	$17.79M	+8.19%	0.10%	+0.8 bps	1
SPG	107,610	$146.97	—	$152.92	$15.82M	$16.46M	+4.05%	0.09%	+0.4 bps	1
CUZ	682,895	$23.81	—	$26.76	$16.26M	$18.27M	+12.39%	0.09%	+1.1 bps	1
EG	41,209	$381.18	—	$360.63	$15.71M	$14.86M	-5.39%	0.09%	-0.5 bps	1
MBC	860,746	$17.09	—	$15.10	$14.71M	$13M	-11.64%	0.09%	-1.1 bps	1
PSA	52,660	$276.91	—	$310.15	$14.58M	$16.33M	+12.00%	0.09%	+1.0 bps	1
DLR	101,965	$143.09	—	$147.14	$14.59M	$15M	+2.83%	0.08%	+0.2 bps	1
BRX	615,590	$22.06	—	$24.94	$13.58M	$15.35M	+13.06%	0.08%	+1.1 bps	1
EQIX	17,268	$776.89	—	$780.29	$13.42M	$13.47M	+0.44%	0.08%	+0.0 bps	1
CVS	172,743	$56.47	—	$56.47	$9.75M	$9.75M	+0.00%	0.08%	+0.0 bps	1
CARR	229,695	$64.33	—	$63.11	$14.78M	$14.5M	-1.90%	0.07%	-0.1 bps	1
BABA	182,192	$84.60	—	$77.83	$15.41M	$14.18M	-8.00%	0.07%	-0.6 bps	1
AMT	66,680	$185.00	—	$225.97	$12.34M	$15.07M	+22.15%	0.07%	+1.6 bps	1
YOU	588,888	$17.75	—	$24.42	$10.45M	$14.38M	+37.58%	0.07%	+2.6 bps	1
VTR	285,910	$47.61	—	$57.80	$13.61M	$16.53M	+21.40%	0.07%	+1.5 bps	1
AVB	66,120	$196.99	—	$207.90	$13.02M	$13.75M	+5.54%	0.07%	+0.4 bps	1
WELL	129,970	$99.48	—	$114.82	$12.93M	$14.92M	+15.42%	0.07%	+1.1 bps	1
ESS	46,311	$260.56	—	$277.43	$12.07M	$12.85M	+6.47%	0.06%	+0.4 bps	1
REXR	209,610	$44.83	—	$48.83	$9.4M	$10.24M	+8.92%	0.06%	+0.5 bps	1
TRNO	158,617	$54.92	—	$65.89	$8.71M	$10.45M	+19.97%	0.06%	+1.2 bps	1
BXP	154,810	$62.75	—	$67.55	$9.71M	$10.46M	+7.65%	0.06%	+0.4 bps	1
SHO	816,380	$10.23	—	$9.46	$8.35M	$7.72M	-7.53%	0.05%	-0.4 bps	1
AMH	245,470	$35.93	—	$38.32	$8.82M	$9.41M	+6.65%	0.05%	+0.3 bps	1
EQR	139,705	$66.75	—	$70.04	$9.33M	$9.78M	+4.93%	0.05%	+0.2 bps	1
NOAH	758,528	$14.57	—	$7.48	$11.05M	$5.67M	-48.66%	0.05%	-2.4 bps	1
UDR	201,630	$39.12	—	$41.15	$7.89M	$8.3M	+5.19%	0.04%	+0.2 bps	1
REG	121,340	$59.80	—	$69.61	$7.26M	$8.45M	+16.40%	0.04%	+0.7 bps	1
MTB	48,247	$153.79	—	$159.76	$7.42M	$7.71M	+3.88%	0.04%	+0.2 bps	1
CPT	70,480	$106.74	—	$117.90	$7.52M	$8.31M	+10.46%	0.04%	+0.4 bps	1
FRT	61,360	$102.46	—	$112.00	$6.29M	$6.87M	+9.31%	0.04%	+0.3 bps	1
SUI	48,740	$117.76	—	$128.89	$5.74M	$6.28M	+9.45%	0.04%	+0.3 bps	1
EXR	39,945	$147.89	—	$161.63	$5.91M	$6.46M	+9.29%	0.03%	+0.3 bps	1
CHCT	220,150	$24.00	—	$19.00	$5.28M	$4.18M	-20.83%	0.03%	-0.7 bps	1
TFC	134,912	$39.18	—	$41.10	$5.29M	$5.54M	+4.90%	0.03%	+0.1 bps	1
BIDU	47,337	$111.79	—	$82.01	$5.29M	$3.88M	-26.64%	0.03%	-0.7 bps	1
SLG	84,220	$53.00	—	$61.50	$4.46M	$5.18M	+16.04%	0.03%	+0.4 bps	1
CCI	41,990	$100.04	—	$111.27	$4.2M	$4.67M	+11.23%	0.02%	+0.3 bps	1
HPP	687,953	$5.53	—	$5.37	$3.8M	$3.69M	-2.89%	0.02%	-0.1 bps	1
VICI	147,470	$29.61	—	$31.48	$4.37M	$4.64M	+6.32%	0.02%	+0.2 bps	1
STT	54,917	$76.16	—	$76.48	$4.18M	$4.2M	+0.42%	0.02%	+0.0 bps	1
HIW	160,530	$27.08	—	$30.23	$4.35M	$4.85M	+11.63%	0.02%	+0.3 bps	1
DEI	256,700	$14.44	—	$15.11	$3.71M	$3.88M	+4.64%	0.02%	+0.1 bps	1
LRCX	1,228	$903.79	—	$748.05	$1.11M	$918.61K	-17.23%	0.01%	-0.1 bps	1
RH	2,240	$292.25	—	$247.68	$654.64K	$554.8K	-15.25%	0.00%	-0.1 bps	1
HOLI	—	—	—	—	—	—	—	0.09%	—	0
ROIC	—	—	—	—	—	—	—	0.04%	—	0
PEAK	—	—	—	—	—	—	—	0.03%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$6.48B	$6.14B	-5.29%
Total(94)					$17.81B	$16.88B	-5.22%

2024-02-12 → 2024-05-13

98 of 103 priced99.14% coverage

+7.45%

Holdings from Q4 2023 disclosure · accession 0001036325-24-000010 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
WFCTOP 5	29,354,991	$48.92	—	$61.26	$1.44B	$1.8B	+25.22%	8.16%	+205.9 bps	1
COFTOP 5	10,891,619	$137.48	—	$142.20	$1.5B	$1.55B	+3.43%	8.07%	+27.7 bps	1
METATOP 5	3,957,652	$468.90	—	$468.01	$1.86B	$1.85B	-0.19%	7.92%	-1.5 bps	1
AMZNTOP 5	7,013,917	$172.34	—	$186.57	$1.21B	$1.31B	+8.26%	6.02%	+49.7 bps	1
BRK-ATOP 5	1,883	$597092.00	—	$621000.00	$1.12B	$1.17B	+4.00%	5.77%	+23.1 bps	1
AMAT	5,937,245	$185.54	—	$206.63	$1.1B	$1.23B	+11.37%	5.44%	+61.8 bps	1
JPM	3,993,234	$175.79	—	$198.73	$701.97M	$793.58M	+13.05%	3.84%	+50.1 bps	1
VTRS	62,661,728	$11.95	—	$11.36	$748.81M	$711.84M	-4.94%	3.83%	-18.9 bps	1
USB	15,286,371	$41.07	—	$41.49	$627.81M	$634.23M	+1.02%	3.74%	+3.8 bps	1
BK	12,602,375	$55.62	—	$57.85	$700.94M	$729.05M	+4.01%	3.71%	+14.9 bps	1
TECK	12,769,491	$37.66	—	$51.46	$480.9M	$657.12M	+36.64%	3.05%	+111.8 bps	1
CI	1,653,283	$337.25	—	$349.14	$557.57M	$577.23M	+3.53%	2.80%	+9.9 bps	1
GOOGL	3,522,043	$147.53	—	$169.14	$519.61M	$595.72M	+14.65%	2.78%	+40.7 bps	1
MGM	10,332,109	$47.02	—	$40.93	$485.82M	$422.89M	-12.95%	2.61%	-33.8 bps	1
INTC	9,035,759	$44.03	—	$30.51	$397.84M	$275.68M	-30.71%	2.57%	-78.8 bps	1
TXN	2,650,737	$161.08	—	$187.82	$426.98M	$497.86M	+16.60%	2.55%	+42.4 bps	1
MKL	300,604	$1443.97	—	$1634.47	$434.06M	$491.33M	+13.19%	2.41%	+31.8 bps	1
OC	2,685,808	$149.25	—	$175.66	$400.86M	$471.79M	+17.70%	2.25%	+39.8 bps	1
BRK-B	1,098,843	$397.71	—	$411.22	$437.02M	$451.87M	+3.40%	2.21%	+7.5 bps	1
DGX	2,666,564	$130.01	—	$140.78	$346.68M	$375.4M	+8.28%	2.08%	+17.2 bps	1
CB	1,399,886	$248.01	—	$254.54	$347.19M	$356.33M	+2.63%	1.79%	+4.7 bps	1
AGCO	1,512,163	$116.67	—	$116.25	$176.42M	$175.79M	-0.36%	1.04%	-0.4 bps	1
AXP	903,491	$212.26	—	$238.65	$191.77M	$215.62M	+12.43%	0.96%	+11.9 bps	1
DAR	3,075,812	$43.10	—	$46.63	$132.57M	$143.43M	+8.19%	0.87%	+7.1 bps	1
IAC	2,910,455	$52.98	—	$56.31	$154.2M	$163.89M	+6.29%	0.86%	+5.4 bps	1
JD	4,490,036	$22.89	—	$33.78	$102.78M	$151.67M	+47.58%	0.73%	+34.9 bps	1
MSFT	333,476	$415.26	—	$413.72	$138.48M	$137.97M	-0.37%	0.71%	-0.3 bps	1
DUSA	3,390,041	$37.96	—	$40.02	$128.69M	$135.68M	+5.44%	0.68%	+3.7 bps	1
L	1,450,893	$73.10	—	$77.34	$106.06M	$112.21M	+5.80%	0.57%	+3.3 bps	1
CPNG	6,145,093	$15.00	—	$22.22	$92.18M	$136.54M	+48.13%	0.56%	+27.1 bps	1
GOOG	699,392	$148.73	—	$170.90	$104.02M	$119.53M	+14.91%	0.56%	+8.3 bps	1
FITB	2,502,465	$34.11	—	$38.20	$85.36M	$95.59M	+11.99%	0.49%	+5.8 bps	1
PNC	502,758	$149.14	—	$158.05	$74.98M	$79.46M	+5.97%	0.44%	+2.6 bps	1
BEKE	4,711,272	$13.61	—	$17.74	$64.12M	$83.58M	+30.35%	0.43%	+13.1 bps	1
DINT	3,916,775	$17.88	—	$21.14	$70.03M	$82.82M	+18.26%	0.41%	+7.5 bps	1
DFNL	2,138,178	$30.72	—	$33.63	$65.69M	$71.91M	+9.47%	0.37%	+3.5 bps	1
DWLD	1,953,004	$30.45	—	$34.28	$59.47M	$66.95M	+12.58%	0.33%	+4.1 bps	1
UNH	108,331	$517.64	—	$511.74	$56.08M	$55.44M	-1.14%	0.32%	-0.4 bps	1
NTB	1,726,478	$30.08	—	$35.33	$51.93M	$61M	+17.45%	0.31%	+5.5 bps	1
RKT	3,282,563	$12.10	—	$14.42	$39.72M	$47.33M	+19.17%	0.27%	+5.2 bps	1
BAC	1,215,443	$33.62	—	$38.21	$40.86M	$46.44M	+13.65%	0.23%	+3.2 bps	1
FERG	206,170	$198.00	—	$219.69	$40.82M	$45.29M	+10.95%	0.22%	+2.5 bps	1
ETN	145,440	$274.05	—	$328.51	$39.86M	$47.78M	+19.87%	0.20%	+3.9 bps	1
WCC	187,354	$192.53	—	$177.83	$36.07M	$33.32M	-7.64%	0.18%	-1.4 bps	1
JCI	515,723	$55.46	—	$66.06	$28.6M	$34.07M	+19.11%	0.17%	+3.2 bps	1
MBC	2,000,385	$14.99	—	$17.09	$29.99M	$34.19M	+14.01%	0.17%	+2.4 bps	1
CARR	514,650	$56.04	—	$64.33	$28.84M	$33.11M	+14.79%	0.17%	+2.5 bps	1
FWONA	488,300	$61.19	—	$61.78	$29.88M	$30.17M	+0.96%	0.16%	+0.2 bps	1
PLD	190,596	$132.05	—	$107.68	$25.17M	$20.52M	-18.46%	0.14%	-2.7 bps	1
IVE	139,545	$176.62	—	$184.16	$24.65M	$25.7M	+4.27%	0.14%	+0.6 bps	1
SAP	139,367	$179.39	—	$189.96	$25M	$26.47M	+5.89%	0.12%	+0.7 bps	1
SCHW	311,523	$64.50	—	$74.70	$20.09M	$23.27M	+15.81%	0.12%	+1.9 bps	1
HUM	43,563	$369.14	—	$339.58	$16.08M	$14.79M	-8.01%	0.11%	-0.9 bps	1
ORCL	181,985	$115.84	—	$116.37	$21.08M	$21.18M	+0.46%	0.11%	+0.0 bps	1
ARE	143,977	$117.95	—	$120.72	$16.98M	$17.38M	+2.35%	0.10%	+0.2 bps	1
CUZ	694,055	$23.73	—	$23.81	$16.47M	$16.53M	+0.34%	0.10%	+0.0 bps	1
PSA	54,490	$281.34	—	$276.91	$15.33M	$15.09M	-1.57%	0.09%	-0.1 bps	1
BRX	711,430	$22.55	—	$22.06	$16.04M	$15.69M	-2.17%	0.09%	-0.2 bps	1
CVS	206,414	$77.29	—	$56.47	$15.95M	$11.66M	-26.94%	0.09%	-2.5 bps	1
FWONK	257,802	$67.93	—	$68.95	$17.51M	$17.78M	+1.50%	0.09%	+0.1 bps	1
SPG	111,280	$145.70	—	$146.97	$16.21M	$16.35M	+0.87%	0.09%	+0.1 bps	1
EG	41,963	$360.93	—	$381.18	$15.15M	$16M	+5.61%	0.08%	+0.5 bps	1
VTR	290,590	$45.28	—	$47.61	$13.16M	$13.83M	+5.15%	0.08%	+0.4 bps	1
EQIX	17,848	$849.98	—	$776.89	$15.17M	$13.87M	-8.60%	0.08%	-0.7 bps	1
BABA	182,114	$73.14	—	$84.60	$13.32M	$15.41M	+15.67%	0.08%	+1.3 bps	1
DLR	103,645	$143.80	—	$143.09	$14.9M	$14.83M	-0.49%	0.08%	-0.0 bps	1
AVB	74,020	$174.36	—	$196.99	$12.91M	$14.58M	+12.98%	0.08%	+1.0 bps	1
ESS	55,751	$230.78	—	$260.56	$12.87M	$14.53M	+12.90%	0.08%	+1.0 bps	1
YOU	649,513	$19.93	—	$17.75	$12.94M	$11.53M	-10.94%	0.08%	-0.8 bps	1
AMT	58,190	$191.77	—	$185.00	$11.16M	$10.77M	-3.53%	0.07%	-0.3 bps	1
TRNO	199,937	$63.21	—	$54.92	$12.64M	$10.98M	-13.12%	0.07%	-0.9 bps	1
WELL	134,350	$87.55	—	$99.48	$11.76M	$13.37M	+13.63%	0.07%	+0.9 bps	1
BXP	157,340	$65.44	—	$62.75	$10.3M	$9.87M	-4.11%	0.06%	-0.3 bps	1
NOAH	773,993	$12.09	—	$14.57	$9.36M	$11.28M	+20.51%	0.06%	+1.2 bps	1
AMH	254,160	$34.68	—	$35.93	$8.81M	$9.13M	+3.60%	0.05%	+0.2 bps	1
SHO	846,280	$10.76	—	$10.23	$9.11M	$8.66M	-4.93%	0.05%	-0.3 bps	1
REXR	159,280	$52.34	—	$44.83	$8.34M	$7.14M	-14.35%	0.05%	-0.7 bps	1
EQR	144,915	$59.20	—	$66.75	$8.58M	$9.67M	+12.75%	0.05%	+0.6 bps	1
REG	122,890	$60.70	—	$59.80	$7.46M	$7.35M	-1.48%	0.05%	-0.1 bps	1
UDR	204,760	$35.57	—	$39.12	$7.28M	$8.01M	+9.98%	0.04%	+0.4 bps	1
MTB	49,385	$136.73	—	$153.79	$6.75M	$7.59M	+12.48%	0.04%	+0.5 bps	1
EXR	41,275	$142.02	—	$147.89	$5.86M	$6.1M	+4.13%	0.04%	+0.2 bps	1
SUI	49,380	$125.91	—	$117.76	$6.22M	$5.81M	-6.47%	0.04%	-0.2 bps	1
HPP	693,643	$8.04	—	$5.53	$5.58M	$3.84M	-31.22%	0.04%	-1.1 bps	1
FRT	62,280	$100.71	—	$102.46	$6.27M	$6.38M	+1.74%	0.04%	+0.1 bps	1
CHCT	223,100	$27.55	—	$24.00	$6.15M	$5.35M	-12.89%	0.03%	-0.4 bps	1
BIDU	46,357	$106.71	—	$111.79	$4.95M	$5.18M	+4.76%	0.03%	+0.1 bps	1
TFC	144,376	$36.01	—	$39.18	$5.2M	$5.66M	+8.80%	0.03%	+0.3 bps	1
CCI	42,550	$108.19	—	$100.04	$4.6M	$4.26M	-7.53%	0.03%	-0.2 bps	1
VICI	152,200	$29.71	—	$29.61	$4.52M	$4.51M	-0.34%	0.03%	-0.0 bps	1
CPT	44,890	$94.19	—	$106.74	$4.23M	$4.79M	+13.32%	0.03%	+0.3 bps	1
STT	55,273	$73.60	—	$76.16	$4.07M	$4.21M	+3.48%	0.02%	+0.1 bps	1
SLG	85,380	$45.53	—	$53.00	$3.89M	$4.53M	+16.41%	0.02%	+0.4 bps	1
DEI	260,100	$13.63	—	$14.44	$3.55M	$3.76M	+5.94%	0.02%	+0.1 bps	1
HIW	162,490	$24.60	—	$27.08	$4M	$4.4M	+10.08%	0.02%	+0.2 bps	1
CUBE	72,040	$43.67	—	$42.37	$3.15M	$3.05M	-2.98%	0.02%	-0.1 bps	1
LRCX	1,228	$908.00	—	$903.79	$1.12M	$1.11M	-0.46%	0.01%	-0.0 bps	1
RH	2,240	$278.79	—	$292.25	$624.49K	$654.64K	+4.83%	0.00%	+0.0 bps	1
HOLI	—	—	—	—	—	—	—	0.78%	—	0
ROIC	—	—	—	—	—	—	—	0.05%	—	0
PEAK	—	—	—	—	—	—	—	0.03%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
LTRPA	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$7.12B	$7.68B	+7.79%
Total(98)					$18.55B	$19.93B	+7.45%

2023-11-09 → 2024-02-12

99 of 104 priced99.24% coverage

+22.01%

Holdings from Q3 2023 disclosure · accession 0001036325-23-000021 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
METATOP 5	4,888,906	$320.55	—	$468.90	$1.57B	$2.29B	+46.28%	9.20%	+425.9 bps	1
WFCTOP 5	30,313,265	$40.40	—	$48.92	$1.22B	$1.48B	+21.09%	7.77%	+163.8 bps	1
COFTOP 5	11,089,149	$104.49	—	$137.48	$1.16B	$1.52B	+31.57%	6.75%	+213.1 bps	1
BRK-ATOP 5	1,976	$528225.00	—	$597092.00	$1.04B	$1.18B	+13.04%	6.59%	+85.9 bps	1
AMZNTOP 5	7,431,131	$140.60	—	$172.34	$1.04B	$1.28B	+22.57%	5.92%	+133.7 bps	1
AMAT	6,809,823	$143.17	—	$185.54	$974.96M	$1.26B	+29.59%	5.91%	+175.0 bps	1
VTRS	64,063,785	$9.06	—	$11.95	$580.42M	$765.56M	+31.90%	3.96%	+126.3 bps	1
JPM	4,137,185	$144.29	—	$175.79	$596.95M	$727.28M	+21.83%	3.76%	+82.1 bps	1
TECK	12,875,150	$34.45	—	$37.66	$443.55M	$484.88M	+9.32%	3.48%	+32.4 bps	1
BK	12,996,471	$45.04	—	$55.62	$585.36M	$722.86M	+23.49%	3.48%	+81.6 bps	1
USB	15,340,624	$33.91	—	$41.07	$520.2M	$630.04M	+21.11%	3.18%	+67.1 bps	1
OC	3,684,624	$121.72	—	$149.25	$448.49M	$549.93M	+22.62%	3.15%	+71.3 bps	1
CI	1,700,471	$288.91	—	$337.25	$491.28M	$573.48M	+16.73%	3.05%	+51.0 bps	1
GOOGL	3,568,210	$130.24	—	$147.53	$464.72M	$526.42M	+13.28%	2.93%	+38.9 bps	1
TXN	2,722,415	$143.27	—	$161.08	$390.04M	$438.53M	+12.43%	2.71%	+33.7 bps	1
BRK-B	1,115,427	$348.18	—	$397.71	$388.37M	$443.62M	+14.23%	2.45%	+34.9 bps	1
MKL	262,103	$1343.09	—	$1443.97	$352.03M	$378.47M	+7.51%	2.42%	+18.2 bps	1
MGM	9,845,345	$38.21	—	$47.02	$376.19M	$462.93M	+23.06%	2.27%	+52.3 bps	1
INTC	9,385,423	$37.80	—	$44.03	$354.77M	$413.24M	+16.48%	2.09%	+34.5 bps	1
CB	1,453,549	$218.83	—	$248.01	$318.08M	$360.49M	+13.33%	1.90%	+25.3 bps	1
DGX	1,667,698	$131.64	—	$130.01	$219.54M	$216.82M	-1.24%	1.27%	-1.6 bps	1
DAR	3,109,149	$42.72	—	$43.10	$132.82M	$134M	+0.89%	1.02%	+0.9 bps	1
IAC	2,960,918	$43.94	—	$52.98	$130.1M	$156.87M	+20.57%	0.94%	+19.2 bps	1
AXP	932,300	$152.37	—	$212.26	$142.05M	$197.89M	+39.31%	0.87%	+34.3 bps	1
JD	4,769,477	$25.75	—	$22.89	$122.81M	$109.17M	-11.11%	0.87%	-9.7 bps	1
CPNG	6,415,197	$15.17	—	$15.00	$97.32M	$96.23M	-1.12%	0.68%	-0.8 bps	1
MSFT	336,436	$360.69	—	$415.26	$121.35M	$139.71M	+15.13%	0.67%	+10.1 bps	1
DUSA	3,332,430	$32.02	—	$37.96	$106.69M	$126.5M	+18.57%	0.66%	+12.3 bps	1
L	1,515,387	$65.25	—	$73.10	$98.88M	$110.77M	+12.03%	0.60%	+7.2 bps	1
GOOG	712,177	$131.69	—	$148.73	$93.79M	$105.92M	+12.94%	0.59%	+7.6 bps	1
NTB	3,204,685	$25.78	—	$30.08	$82.62M	$96.4M	+16.68%	0.54%	+9.1 bps	1
BAC	2,766,991	$27.53	—	$33.62	$76.18M	$93.03M	+22.12%	0.48%	+10.5 bps	1
DINT	3,893,199	$17.51	—	$17.88	$68.17M	$69.61M	+2.11%	0.44%	+0.9 bps	1
FITB	2,497,371	$24.82	—	$34.11	$61.98M	$85.19M	+37.43%	0.40%	+14.8 bps	1
UNH	113,684	$539.00	—	$517.64	$61.28M	$58.85M	-3.96%	0.36%	-1.4 bps	1
DFNL	2,112,316	$26.59	—	$30.72	$56.16M	$64.9M	+15.55%	0.35%	+5.5 bps	1
BEKE	3,502,766	$14.57	—	$13.61	$51.04M	$47.67M	-6.59%	0.34%	-2.2 bps	1
DWLD	1,941,227	$27.52	—	$30.45	$53.42M	$59.11M	+10.65%	0.33%	+3.6 bps	1
PNC	427,564	$119.36	—	$149.14	$51.03M	$63.77M	+24.95%	0.33%	+8.2 bps	1
FERG	237,800	$156.81	—	$198.00	$37.29M	$47.08M	+26.27%	0.25%	+6.4 bps	1
ETN	146,334	$218.38	—	$274.05	$31.96M	$40.1M	+25.49%	0.20%	+5.0 bps	1
FWONA	514,877	$58.35	—	$61.19	$30.04M	$31.51M	+4.87%	0.18%	+0.9 bps	1
CARR	513,418	$50.43	—	$56.04	$25.89M	$28.77M	+11.12%	0.18%	+2.0 bps	1
RKT	3,410,601	$7.86	—	$12.10	$26.81M	$41.27M	+53.94%	0.17%	+9.4 bps	1
MBC	2,272,376	$11.79	—	$14.99	$26.79M	$34.06M	+27.14%	0.17%	+4.7 bps	1
JCI	509,477	$50.25	—	$55.46	$25.6M	$28.26M	+10.37%	0.17%	+1.8 bps	1
PLD	210,196	$103.28	—	$132.05	$21.71M	$27.76M	+27.86%	0.15%	+4.1 bps	1
HUM	43,564	$495.18	—	$369.14	$21.57M	$16.08M	-25.45%	0.13%	-3.4 bps	1
ORCL	186,945	$112.18	—	$115.84	$20.97M	$21.66M	+3.26%	0.12%	+0.4 bps	1
WCC	133,510	$137.29	—	$192.53	$18.33M	$25.7M	+40.24%	0.12%	+4.8 bps	1
SAP	140,912	$142.45	—	$179.39	$20.07M	$25.28M	+25.93%	0.11%	+3.0 bps	1
SCHW	322,279	$54.16	—	$64.50	$17.45M	$20.79M	+19.09%	0.11%	+2.1 bps	1
FWONK	265,230	$65.80	—	$67.93	$17.45M	$18.02M	+3.24%	0.10%	+0.3 bps	1
EG	43,655	$380.17	—	$360.93	$16.6M	$15.76M	-5.06%	0.10%	-0.5 bps	1
BABA	183,624	$82.73	—	$73.14	$15.19M	$13.43M	-11.59%	0.10%	-1.2 bps	1
PSA	57,800	$246.61	—	$281.34	$14.25M	$16.26M	+14.08%	0.10%	+1.3 bps	1
BRX	709,290	$20.85	—	$22.55	$14.79M	$15.99M	+8.15%	0.09%	+0.8 bps	1
CVS	204,632	$66.74	—	$77.29	$13.66M	$15.82M	+15.81%	0.09%	+1.4 bps	1
CUZ	692,495	$18.46	—	$23.73	$12.78M	$16.43M	+28.55%	0.09%	+2.5 bps	1
AVB	81,040	$166.37	—	$174.36	$13.48M	$14.13M	+4.80%	0.09%	+0.4 bps	1
SPG	128,130	$113.79	—	$145.70	$14.58M	$18.67M	+28.04%	0.09%	+2.4 bps	1
EQIX	18,918	$757.01	—	$849.98	$14.32M	$16.08M	+12.28%	0.09%	+1.1 bps	1
YOU	663,985	$18.65	—	$19.93	$12.38M	$13.23M	+6.86%	0.08%	+0.5 bps	1
DLR	103,395	$127.61	—	$143.80	$13.19M	$14.87M	+12.69%	0.08%	+1.0 bps	1
WELL	152,690	$84.64	—	$87.55	$12.92M	$13.37M	+3.44%	0.08%	+0.3 bps	1
ESS	57,191	$207.57	—	$230.78	$11.87M	$13.2M	+11.18%	0.08%	+0.9 bps	1
ARE	119,407	$94.58	—	$117.95	$11.29M	$14.08M	+24.71%	0.07%	+1.9 bps	1
TRNO	199,417	$54.03	—	$63.21	$10.77M	$12.61M	+16.99%	0.07%	+1.2 bps	1
VTR	251,370	$42.08	—	$45.28	$10.58M	$11.38M	+7.60%	0.07%	+0.5 bps	1
NOAH	786,389	$11.36	—	$12.09	$8.93M	$9.51M	+6.43%	0.06%	+0.4 bps	1
BXP	156,890	$52.19	—	$65.44	$8.19M	$10.27M	+25.39%	0.06%	+1.5 bps	1
AMH	265,260	$34.48	—	$34.68	$9.15M	$9.2M	+0.58%	0.06%	+0.0 bps	1
UDR	250,290	$31.99	—	$35.57	$8.01M	$8.9M	+11.19%	0.06%	+0.6 bps	1
EQR	144,555	$53.71	—	$59.20	$7.76M	$8.56M	+10.22%	0.05%	+0.5 bps	1
SHO	843,340	$9.47	—	$10.76	$7.99M	$9.07M	+13.62%	0.05%	+0.7 bps	1
AMT	44,780	$181.84	—	$191.77	$8.14M	$8.59M	+5.46%	0.05%	+0.3 bps	1
REG	122,890	$59.41	—	$60.70	$7.3M	$7.46M	+2.17%	0.05%	+0.1 bps	1
REXR	144,090	$44.54	—	$52.34	$6.42M	$7.54M	+17.51%	0.04%	+0.8 bps	1
DEI	512,980	$11.25	—	$13.63	$5.77M	$6.99M	+21.16%	0.04%	+0.9 bps	1
BIDU	46,112	$105.16	—	$106.71	$4.85M	$4.92M	+1.47%	0.04%	+0.1 bps	1
MTB	48,705	$117.35	—	$136.73	$5.72M	$6.66M	+16.51%	0.04%	+0.6 bps	1
EXR	49,375	$118.10	—	$142.02	$5.83M	$7.01M	+20.25%	0.04%	+0.8 bps	1
SUI	49,380	$114.39	—	$125.91	$5.65M	$6.22M	+10.07%	0.04%	+0.4 bps	1
CPT	58,360	$87.11	—	$94.19	$5.08M	$5.5M	+8.13%	0.03%	+0.3 bps	1
FRT	54,200	$91.53	—	$100.71	$4.96M	$5.46M	+10.03%	0.03%	+0.3 bps	1
CHCT	163,400	$25.72	—	$27.55	$4.2M	$4.5M	+7.12%	0.03%	+0.2 bps	1
HPP	693,643	$5.38	—	$8.04	$3.73M	$5.58M	+49.44%	0.03%	+1.4 bps	1
VICI	152,200	$28.11	—	$29.71	$4.28M	$4.52M	+5.69%	0.03%	+0.2 bps	1
TFC	146,866	$29.15	—	$36.01	$4.28M	$5.29M	+23.53%	0.03%	+0.6 bps	1
STT	55,919	$66.52	—	$73.60	$3.72M	$4.12M	+10.64%	0.02%	+0.3 bps	1
CUBE	97,370	$36.60	—	$43.67	$3.56M	$4.25M	+19.32%	0.02%	+0.5 bps	1
HIW	162,490	$17.97	—	$24.60	$2.92M	$4M	+36.89%	0.02%	+0.8 bps	1
SLG	85,380	$30.60	—	$45.53	$2.61M	$3.89M	+48.79%	0.02%	+1.0 bps	1
CCI	33,920	$95.62	—	$108.19	$3.24M	$3.67M	+13.15%	0.02%	+0.3 bps	1
IVE	17,162	$155.94	—	$176.62	$2.68M	$3.03M	+13.26%	0.02%	+0.2 bps	1
NTST	160,780	$15.14	—	$17.33	$2.43M	$2.79M	+14.47%	0.02%	+0.2 bps	1
IQ	254,236	$4.85	—	$3.49	$1.23M	$887.28K	-28.04%	0.01%	-0.2 bps	1
LRCX	1,228	$650.26	—	$908.00	$798.52K	$1.12M	+39.64%	0.00%	+0.2 bps	1
RH	2,240	$228.50	—	$278.79	$511.84K	$624.49K	+22.01%	0.00%	+0.1 bps	1
HOLI	—	—	—	—	—	—	—	0.67%	—	0
ROIC	—	—	—	—	—	—	—	0.05%	—	0
PEAK	—	—	—	—	—	—	—	0.04%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
LTRPA	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$6.04B	$7.76B	+28.50%
Total(99)					$15.86B	$19.35B	+22.01%

2023-08-09 → 2023-11-09

95 of 102 priced99.27% coverage

-5.53%

Holdings from Q2 2023 disclosure · accession 0001084060-23-000076 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
METATOP 5	5,715,317	$305.21	—	$320.55	$1.74B	$1.83B	+5.03%	9.99%	+50.2 bps	1
WFCTOP 5	30,739,720	$43.72	—	$40.40	$1.34B	$1.24B	-7.59%	7.99%	-60.7 bps	1
COFTOP 5	11,264,109	$111.81	—	$104.49	$1.26B	$1.18B	-6.55%	7.51%	-49.1 bps	1
AMZNTOP 5	8,229,601	$137.85	—	$140.60	$1.13B	$1.16B	+1.99%	6.54%	+13.0 bps	1
BRK-ATOP 5	2,015	$545280.00	—	$528225.00	$1.1B	$1.06B	-3.13%	6.36%	-19.9 bps	1
AMAT	6,945,026	$145.16	—	$143.17	$1.01B	$994.32M	-1.37%	6.12%	-8.4 bps	1
VTRS	62,948,155	$11.26	—	$9.06	$708.8M	$570.31M	-19.54%	3.83%	-74.8 bps	1
JPM	4,206,087	$153.79	—	$144.29	$646.85M	$606.9M	-6.18%	3.73%	-23.0 bps	1
BK	13,129,195	$45.27	—	$45.04	$594.36M	$591.34M	-0.51%	3.56%	-1.8 bps	1
OC	4,175,279	$142.00	—	$121.72	$592.89M	$508.21M	-14.28%	3.32%	-47.4 bps	1
TECK	12,903,889	$41.50	—	$34.45	$535.51M	$444.54M	-16.99%	3.31%	-56.2 bps	1
USB	15,422,333	$39.65	—	$33.91	$611.5M	$522.97M	-14.48%	3.10%	-44.9 bps	1
TXN	2,795,495	$167.27	—	$143.27	$467.6M	$400.51M	-14.35%	3.07%	-44.0 bps	1
CI	1,722,146	$288.33	—	$288.91	$496.55M	$497.55M	+0.20%	2.94%	+0.6 bps	1
GOOGL	3,606,619	$129.66	—	$130.24	$467.63M	$469.73M	+0.45%	2.63%	+1.2 bps	1
BRK-B	1,133,346	$358.02	—	$348.18	$405.76M	$394.61M	-2.75%	2.35%	-6.5 bps	1
INTC	11,291,159	$34.28	—	$37.80	$387.06M	$426.81M	+10.27%	2.30%	+23.6 bps	1
MKL	265,233	$1502.01	—	$1343.09	$398.38M	$356.23M	-10.58%	2.24%	-23.6 bps	1
CB	1,479,094	$201.00	—	$218.83	$297.3M	$323.67M	+8.87%	1.74%	+15.4 bps	1
DGX	1,513,888	$135.34	—	$131.64	$204.89M	$199.29M	-2.73%	1.30%	-3.5 bps	1
DAR	3,189,114	$65.89	—	$42.72	$210.13M	$136.24M	-35.16%	1.24%	-43.6 bps	1
AXP	950,068	$163.82	—	$152.37	$155.64M	$144.76M	-6.99%	1.01%	-7.0 bps	1
JD	4,835,578	$37.67	—	$25.75	$182.16M	$124.52M	-31.64%	1.01%	-31.8 bps	1
IAC	2,532,853	$56.13	—	$43.94	$142.18M	$111.29M	-21.72%	0.97%	-21.1 bps	1
MSFT	345,390	$322.23	—	$360.69	$111.3M	$124.58M	+11.94%	0.72%	+8.6 bps	1
CPNG	6,513,579	$19.30	—	$15.17	$125.71M	$98.81M	-21.40%	0.69%	-14.8 bps	1
DUSA	3,332,430	$33.53	—	$32.02	$111.74M	$106.69M	-4.52%	0.65%	-2.9 bps	1
L	1,549,767	$63.17	—	$65.25	$97.9M	$101.12M	+3.29%	0.56%	+1.8 bps	1
NTB	3,222,053	$30.50	—	$25.78	$98.27M	$83.06M	-15.48%	0.54%	-8.3 bps	1
GOOG	728,618	$130.15	—	$131.69	$94.83M	$95.95M	+1.18%	0.54%	+0.6 bps	1
BAC	2,827,109	$30.86	—	$27.53	$87.24M	$77.83M	-10.79%	0.49%	-5.3 bps	1
DINT	3,893,199	$19.36	—	$17.51	$75.37M	$68.17M	-9.56%	0.45%	-4.3 bps	1
FITB	2,467,424	$27.50	—	$24.82	$67.85M	$61.24M	-9.75%	0.39%	-3.8 bps	1
DFNL	2,112,316	$28.64	—	$26.59	$60.5M	$56.16M	-7.16%	0.35%	-2.5 bps	1
DWLD	1,941,227	$29.70	—	$27.52	$57.66M	$53.42M	-7.35%	0.34%	-2.5 bps	1
UNH	113,794	$502.11	—	$539.00	$57.14M	$61.33M	+7.35%	0.33%	+2.4 bps	1
PNC	428,713	$127.35	—	$119.36	$54.6M	$51.17M	-6.27%	0.33%	-2.1 bps	1
FERG	238,906	$159.01	—	$156.81	$37.99M	$37.46M	-1.38%	0.23%	-0.3 bps	1
FWONA	519,103	$61.78	—	$58.35	$32.07M	$30.29M	-5.55%	0.21%	-1.2 bps	1
JCI	512,959	$60.59	—	$50.25	$31.08M	$25.78M	-17.07%	0.21%	-3.6 bps	1
ETN	170,033	$217.83	—	$218.38	$37.04M	$37.13M	+0.25%	0.21%	+0.1 bps	1
RKT	3,493,673	$11.49	—	$7.86	$40.14M	$27.46M	-31.59%	0.19%	-6.0 bps	1
CARR	624,528	$56.16	—	$50.43	$35.07M	$31.49M	-10.20%	0.19%	-1.9 bps	1
MBC	2,269,926	$12.56	—	$11.79	$28.51M	$26.76M	-6.13%	0.16%	-1.0 bps	1
PLD	210,196	$122.60	—	$103.28	$25.77M	$21.71M	-15.76%	0.16%	-2.5 bps	1
WCC	133,262	$151.33	—	$137.29	$20.17M	$18.3M	-9.28%	0.15%	-1.3 bps	1
ORCL	195,460	$113.10	—	$112.18	$22.11M	$21.93M	-0.81%	0.14%	-0.1 bps	1
FWONK	267,808	$70.23	—	$65.80	$18.81M	$17.62M	-6.31%	0.12%	-0.8 bps	1
HUM	43,589	$493.38	—	$495.18	$21.51M	$21.58M	+0.36%	0.12%	+0.0 bps	1
SAP	140,899	$135.52	—	$142.45	$19.09M	$20.07M	+5.11%	0.12%	+0.6 bps	1
SCHW	329,998	$65.29	—	$54.16	$21.55M	$17.87M	-17.05%	0.11%	-1.9 bps	1
AVB	95,050	$185.33	—	$166.37	$17.62M	$15.81M	-10.23%	0.11%	-1.1 bps	1
PSA	61,030	$286.33	—	$246.61	$17.47M	$15.05M	-13.87%	0.11%	-1.5 bps	1
ESS	68,221	$241.32	—	$207.57	$16.46M	$14.16M	-13.99%	0.10%	-1.4 bps	1
CUZ	692,495	$23.31	—	$18.46	$16.14M	$12.78M	-20.81%	0.10%	-2.0 bps	1
YOU	673,582	$22.80	—	$18.65	$15.36M	$12.56M	-18.20%	0.10%	-1.7 bps	1
SPG	134,770	$118.80	—	$113.79	$16.01M	$15.34M	-4.22%	0.09%	-0.4 bps	1
BABA	184,714	$94.85	—	$82.73	$17.52M	$15.28M	-12.78%	0.09%	-1.2 bps	1
EG	44,858	$359.00	—	$380.17	$16.1M	$17.05M	+5.90%	0.09%	+0.6 bps	1
BRX	690,910	$22.96	—	$20.85	$15.86M	$14.41M	-9.19%	0.09%	-0.9 bps	1
EQIX	18,918	$774.49	—	$757.01	$14.65M	$14.32M	-2.26%	0.09%	-0.2 bps	1
WELL	181,550	$85.47	—	$84.64	$15.52M	$15.37M	-0.97%	0.09%	-0.1 bps	1
CVS	207,809	$74.60	—	$66.74	$15.5M	$13.87M	-10.54%	0.09%	-0.9 bps	1
ARE	116,247	$122.43	—	$94.58	$14.23M	$10.99M	-22.75%	0.08%	-1.8 bps	1
AMT	63,430	$187.10	—	$181.84	$11.87M	$11.53M	-2.81%	0.07%	-0.2 bps	1
VTR	250,260	$44.51	—	$42.08	$11.14M	$10.53M	-5.46%	0.07%	-0.4 bps	1
DLR	103,395	$119.31	—	$127.61	$12.34M	$13.19M	+6.96%	0.07%	+0.5 bps	1
TRNO	194,867	$59.38	—	$54.03	$11.57M	$10.53M	-9.01%	0.07%	-0.6 bps	1
NOAH	791,724	$14.13	—	$11.36	$11.19M	$8.99M	-19.60%	0.07%	-1.3 bps	1
UDR	244,610	$39.41	—	$31.99	$9.64M	$7.83M	-18.83%	0.06%	-1.2 bps	1
EQR	144,555	$65.61	—	$53.71	$9.48M	$7.76M	-18.14%	0.06%	-1.1 bps	1
AMH	265,260	$36.35	—	$34.48	$9.64M	$9.15M	-5.14%	0.06%	-0.3 bps	1
CCI	74,840	$104.63	—	$95.62	$7.83M	$7.16M	-8.61%	0.05%	-0.4 bps	1
SHO	836,200	$9.51	—	$9.47	$7.95M	$7.92M	-0.42%	0.05%	-0.0 bps	1
IQ	1,437,345	$5.96	—	$4.85	$8.57M	$6.97M	-18.62%	0.05%	-0.9 bps	1
REXR	141,390	$53.23	—	$44.54	$7.53M	$6.3M	-16.33%	0.05%	-0.7 bps	1
BXP	126,010	$67.07	—	$52.19	$8.45M	$6.58M	-22.19%	0.04%	-1.0 bps	1
BIDU	48,907	$142.93	—	$105.16	$6.99M	$5.14M	-26.43%	0.04%	-1.1 bps	1
CPT	58,360	$108.64	—	$87.11	$6.34M	$5.08M	-19.82%	0.04%	-0.8 bps	1
DEI	496,370	$13.75	—	$11.25	$6.83M	$5.58M	-18.18%	0.04%	-0.7 bps	1
MTB	46,895	$135.10	—	$117.35	$6.34M	$5.5M	-13.14%	0.04%	-0.5 bps	1
REG	90,800	$65.70	—	$59.41	$5.97M	$5.39M	-9.57%	0.03%	-0.3 bps	1
CUBE	118,810	$42.09	—	$36.60	$5M	$4.35M	-13.04%	0.03%	-0.4 bps	1
FRT	52,500	$102.99	—	$91.53	$5.41M	$4.81M	-11.13%	0.03%	-0.3 bps	1
VICI	150,510	$31.37	—	$28.11	$4.72M	$4.23M	-10.39%	0.03%	-0.3 bps	1
SUI	33,840	$127.24	—	$114.39	$4.31M	$3.87M	-10.10%	0.03%	-0.3 bps	1
STT	56,888	$72.23	—	$66.52	$4.11M	$3.78M	-7.91%	0.03%	-0.2 bps	1
HIW	157,020	$24.26	—	$17.97	$3.81M	$2.82M	-25.93%	0.02%	-0.6 bps	1
CHCT	104,830	$35.57	—	$25.72	$3.73M	$2.7M	-27.69%	0.02%	-0.6 bps	1
HPP	678,853	$6.13	—	$5.38	$4.16M	$3.65M	-12.23%	0.02%	-0.2 bps	1
NTST	159,110	$17.78	—	$15.14	$2.83M	$2.41M	-14.85%	0.02%	-0.3 bps	1
TFC	66,014	$31.47	—	$29.15	$2.08M	$1.92M	-7.37%	0.01%	-0.1 bps	1
LRCX	1,228	$686.05	—	$650.26	$842.47K	$798.52K	-5.22%	0.00%	-0.0 bps	1
RH	2,240	$390.56	—	$228.50	$874.85K	$511.84K	-41.49%	0.00%	-0.2 bps	1
IVE	2,657	$163.22	—	$155.94	$433.68K	$414.33K	-4.46%	0.00%	-0.0 bps	1
HOLI	—	—	—	—	—	—	—	0.58%	—	0
ROIC	—	—	—	—	—	—	—	0.05%	—	0
LSI	—	—	—	—	—	—	—	0.04%	—	0
VMEO	—	—	—	—	—	—	—	0.02%	—	0
PEAK	—	—	—	—	—	—	—	0.02%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
LTRPA	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$6.58B	$6.47B	-1.65%
Total(95)					$17B	$16.06B	-5.53%

2023-05-08 → 2023-08-09

93 of 101 priced99.17% coverage

+16.15%

Holdings from Q1 2023 disclosure · accession 0001084060-23-000069 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
METATOP 5	6,267,376	$233.27	—	$305.21	$1.46B	$1.91B	+30.84%	8.78%	+270.7 bps	1
WFCTOP 5	30,347,321	$38.38	—	$43.72	$1.16B	$1.33B	+13.91%	7.50%	+104.3 bps	1
COFTOP 5	10,760,462	$89.07	—	$111.81	$958.43M	$1.2B	+25.53%	6.84%	+174.6 bps	1
BRK-ATOP 5	2,036	$497000.00	—	$545280.00	$1.01B	$1.11B	+9.71%	6.26%	+60.9 bps	1
AMAT	7,143,519	$115.75	—	$145.16	$826.86M	$1.04B	+25.41%	5.80%	+147.3 bps	1
AMZNTOP 5	8,256,759	$105.83	—	$137.85	$873.81M	$1.14B	+30.26%	5.64%	+170.5 bps	1
BK	13,005,799	$41.50	—	$45.27	$539.74M	$588.77M	+9.08%	3.91%	+35.5 bps	1
USB	15,545,706	$29.74	—	$39.65	$462.33M	$616.39M	+33.32%	3.70%	+123.4 bps	1
JPM	4,193,294	$137.07	—	$153.79	$574.77M	$644.89M	+12.20%	3.61%	+44.0 bps	1
VTRS	55,009,008	$9.82	—	$11.26	$540.19M	$619.4M	+14.66%	3.50%	+51.3 bps	1
TXN	2,781,675	$164.22	—	$167.27	$456.81M	$465.29M	+1.86%	3.42%	+6.4 bps	1
GOOG	4,567,675	$108.24	—	$130.15	$494.41M	$594.48M	+20.24%	3.14%	+63.5 bps	1
TECK	13,012,456	$44.27	—	$41.50	$576.06M	$540.02M	-6.26%	3.14%	-19.6 bps	1
GOOGL	4,302,369	$107.77	—	$129.66	$463.67M	$557.85M	+20.31%	2.95%	+59.9 bps	1
CI	1,738,056	$264.69	—	$288.33	$460.05M	$501.13M	+8.93%	2.94%	+26.2 bps	1
INTC	11,356,224	$30.77	—	$34.28	$349.43M	$389.29M	+11.41%	2.45%	+28.0 bps	1
BRK-B	1,158,551	$326.14	—	$358.02	$377.85M	$414.78M	+9.77%	2.36%	+23.1 bps	1
OC	3,603,881	$106.01	—	$142.00	$382.05M	$511.75M	+33.95%	2.28%	+77.5 bps	1
MKL	245,656	$1373.95	—	$1502.01	$337.52M	$368.98M	+9.32%	2.07%	+19.3 bps	1
CB	1,494,650	$199.66	—	$201.00	$298.42M	$300.42M	+0.67%	1.92%	+1.3 bps	1
DGX	1,518,752	$134.73	—	$135.34	$204.62M	$205.55M	+0.45%	1.42%	+0.6 bps	1
JD	4,892,507	$35.90	—	$37.67	$175.64M	$184.3M	+4.93%	1.42%	+7.0 bps	1
DAR	3,127,212	$57.61	—	$65.89	$180.16M	$206.05M	+14.37%	1.21%	+17.3 bps	1
AXP	964,224	$153.04	—	$163.82	$147.56M	$157.96M	+7.04%	1.05%	+7.4 bps	1
CPNG	6,482,322	$17.78	—	$19.30	$115.26M	$125.11M	+8.55%	0.69%	+5.9 bps	1
MSFT	351,685	$308.65	—	$322.23	$108.55M	$113.32M	+4.40%	0.67%	+2.9 bps	1
IAC	1,850,002	$54.16	—	$56.13	$100.2M	$103.85M	+3.65%	0.63%	+2.3 bps	1
DUSA	3,332,430	$28.95	—	$33.53	$96.49M	$111.74M	+15.81%	0.63%	+9.9 bps	1
L	1,583,429	$58.81	—	$63.17	$93.12M	$100.03M	+7.41%	0.61%	+4.5 bps	1
NTB	3,260,763	$23.99	—	$30.50	$78.23M	$99.45M	+27.14%	0.58%	+15.8 bps	1
BAC	2,897,641	$27.69	—	$30.86	$80.24M	$89.42M	+11.45%	0.55%	+6.3 bps	1
DINT	3,893,199	$18.34	—	$19.36	$71.4M	$75.37M	+5.56%	0.47%	+2.6 bps	1
FITB	2,401,436	$24.41	—	$27.50	$58.62M	$66.04M	+12.66%	0.42%	+5.4 bps	1
DFNL	2,112,316	$25.63	—	$28.64	$54.13M	$60.5M	+11.76%	0.36%	+4.3 bps	1
PNC	429,479	$116.99	—	$127.35	$50.24M	$54.69M	+8.86%	0.36%	+3.2 bps	1
UNH	114,842	$492.62	—	$502.11	$56.57M	$57.66M	+1.93%	0.36%	+0.7 bps	1
DWLD	1,941,227	$26.96	—	$29.70	$52.34M	$57.66M	+10.17%	0.34%	+3.4 bps	1
FWONA	529,417	$63.36	—	$61.78	$33.55M	$32.71M	-2.50%	0.24%	-0.6 bps	1
ETN	196,605	$169.88	—	$217.83	$33.4M	$42.83M	+28.23%	0.22%	+6.3 bps	1
RKT	3,609,611	$8.42	—	$11.49	$30.39M	$41.47M	+36.46%	0.22%	+7.9 bps	1
FERG	240,054	$140.82	—	$159.01	$33.8M	$38.17M	+12.92%	0.21%	+2.7 bps	1
JCI	512,107	$63.09	—	$60.59	$32.31M	$31.03M	-3.96%	0.20%	-0.8 bps	1
PLD	241,246	$127.37	—	$122.60	$30.73M	$29.58M	-3.75%	0.20%	-0.7 bps	1
CARR	624,306	$42.60	—	$56.16	$26.6M	$35.06M	+31.83%	0.19%	+6.0 bps	1
BABA	250,591	$83.31	—	$94.85	$20.88M	$23.77M	+13.85%	0.17%	+2.3 bps	1
BIDU	154,444	$122.49	—	$142.93	$18.92M	$22.07M	+16.69%	0.15%	+2.6 bps	1
IQ	3,035,981	$5.92	—	$5.96	$17.97M	$18.09M	+0.68%	0.15%	+0.1 bps	1
HUM	43,568	$535.96	—	$493.38	$23.35M	$21.5M	-7.94%	0.14%	-1.1 bps	1
FWONK	273,106	$71.38	—	$70.23	$19.49M	$19.18M	-1.61%	0.14%	-0.2 bps	1
PSA	65,640	$297.34	—	$286.33	$19.52M	$18.79M	-3.70%	0.13%	-0.5 bps	1
ORCL	200,838	$96.79	—	$113.10	$19.44M	$22.71M	+16.85%	0.12%	+2.1 bps	1
MBC	2,253,244	$8.39	—	$12.56	$18.9M	$28.3M	+49.70%	0.12%	+5.9 bps	1
SAP	142,080	$135.78	—	$135.52	$19.29M	$19.25M	-0.19%	0.12%	-0.0 bps	1
YOU	683,621	$25.82	—	$22.80	$17.65M	$15.59M	-11.70%	0.12%	-1.4 bps	1
SCHW	340,744	$47.63	—	$65.29	$16.23M	$22.25M	+37.08%	0.12%	+4.4 bps	1
EQIX	23,778	$740.12	—	$774.49	$17.6M	$18.42M	+4.64%	0.11%	+0.5 bps	1
EG	46,530	$383.22	—	$359.00	$17.83M	$16.7M	-6.32%	0.11%	-0.7 bps	1
AVB	92,920	$180.36	—	$185.33	$16.76M	$17.22M	+2.76%	0.10%	+0.3 bps	1
CVS	207,946	$69.68	—	$74.60	$14.49M	$15.51M	+7.06%	0.10%	+0.7 bps	1
REXR	245,940	$56.42	—	$53.23	$13.88M	$13.09M	-5.65%	0.10%	-0.5 bps	1
SPG	131,110	$108.00	—	$118.80	$14.16M	$15.58M	+10.00%	0.10%	+1.0 bps	1
CUZ	675,705	$20.84	—	$23.31	$14.08M	$15.75M	+11.85%	0.10%	+1.1 bps	1
ARE	113,487	$122.35	—	$122.43	$13.89M	$13.89M	+0.07%	0.09%	+0.0 bps	1
TRNO	219,847	$61.92	—	$59.38	$13.61M	$13.05M	-4.10%	0.09%	-0.4 bps	1
BRX	639,140	$21.18	—	$22.96	$13.54M	$14.67M	+8.40%	0.09%	+0.8 bps	1
ESS	65,031	$218.63	—	$241.32	$14.22M	$15.69M	+10.38%	0.09%	+0.9 bps	1
NOAH	805,195	$14.81	—	$14.13	$11.92M	$11.38M	-4.59%	0.09%	-0.4 bps	1
WELL	181,550	$76.33	—	$85.47	$13.86M	$15.52M	+11.97%	0.09%	+1.0 bps	1
AMT	61,920	$193.21	—	$187.10	$11.96M	$11.59M	-3.16%	0.08%	-0.3 bps	1
VTR	244,590	$47.44	—	$44.51	$11.6M	$10.89M	-6.18%	0.07%	-0.4 bps	1
DLR	100,935	$97.37	—	$119.31	$9.83M	$12.04M	+22.53%	0.07%	+1.5 bps	1
UDR	238,730	$41.27	—	$39.41	$9.85M	$9.41M	-4.51%	0.06%	-0.3 bps	1
CCI	73,080	$116.37	—	$104.63	$8.5M	$7.65M	-10.09%	0.06%	-0.7 bps	1
EQR	141,185	$62.98	—	$65.61	$8.89M	$9.26M	+4.18%	0.06%	+0.2 bps	1
AMH	259,360	$35.12	—	$36.35	$9.11M	$9.43M	+3.50%	0.05%	+0.2 bps	1
SHO	816,580	$10.29	—	$9.51	$8.4M	$7.77M	-7.58%	0.05%	-0.4 bps	1
WCC	47,648	$129.88	—	$151.33	$6.19M	$7.21M	+16.52%	0.05%	+0.8 bps	1
BXP	123,070	$50.92	—	$67.07	$6.27M	$8.25M	+31.72%	0.04%	+1.4 bps	1
CPT	57,260	$110.86	—	$108.64	$6.35M	$6.22M	-2.00%	0.04%	-0.1 bps	1
DEI	483,820	$11.53	—	$13.75	$5.58M	$6.65M	+19.25%	0.04%	+0.8 bps	1
MTB	47,235	$116.23	—	$135.10	$5.49M	$6.38M	+16.24%	0.04%	+0.6 bps	1
CUBE	118,810	$46.41	—	$42.09	$5.51M	$5M	-9.31%	0.04%	-0.3 bps	1
FRT	51,370	$94.38	—	$102.99	$4.85M	$5.29M	+9.12%	0.03%	+0.3 bps	1
VICI	150,510	$32.97	—	$31.37	$4.96M	$4.72M	-4.85%	0.03%	-0.2 bps	1
SUI	33,010	$135.65	—	$127.24	$4.48M	$4.2M	-6.20%	0.03%	-0.2 bps	1
HPP	678,853	$5.17	—	$6.13	$3.51M	$4.16M	+18.57%	0.03%	+0.6 bps	1
STT	57,534	$69.07	—	$72.23	$3.97M	$4.16M	+4.58%	0.03%	+0.1 bps	1
HIW	153,070	$21.87	—	$24.26	$3.35M	$3.71M	+10.93%	0.02%	+0.3 bps	1
NTST	159,110	$18.01	—	$17.78	$2.87M	$2.83M	-1.28%	0.02%	-0.0 bps	1
TFC	67,106	$28.75	—	$31.47	$1.93M	$2.11M	+9.46%	0.02%	+0.1 bps	1
CHCT	50,670	$36.38	—	$35.57	$1.84M	$1.8M	-2.23%	0.01%	-0.0 bps	1
LRCX	1,228	$526.79	—	$686.05	$646.9K	$842.47K	+30.23%	0.00%	+0.1 bps	1
RH	2,240	$257.42	—	$390.56	$576.62K	$874.85K	+51.72%	0.00%	+0.2 bps	1
HOLI	—	—	—	—	—	—	—	0.63%	—	0
ROIC	—	—	—	—	—	—	—	0.05%	—	0
LSI	—	—	—	—	—	—	—	0.05%	—	0
GLRE	—	—	—	—	—	—	—	0.04%	—	0
PEAK	—	—	—	—	—	—	—	0.03%	—	0
VMEO	—	—	—	—	—	—	—	0.02%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
LTRPA	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$5.47B	$6.69B	+22.31%
Total(93)					$15.1B	$17.54B	+16.15%

2023-02-10 → 2023-05-08

96 of 109 priced99.06% coverage

-4.90%

Holdings from Q4 2022 disclosure · accession 0001036325-23-000018 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
WFCTOP 5	30,812,906	$47.51	—	$38.38	$1.46B	$1.18B	-19.22%	8.65%	-166.2 bps	1
COFTOP 5	10,867,609	$115.39	—	$89.07	$1.25B	$967.98M	-22.81%	6.87%	-156.6 bps	1
BRK/ATOP 5	2,109	$472250.00	—	$497000.00	$995.98M	$1.05B	+5.24%	6.72%	+35.2 bps	1
METATOP 5	6,538,326	$174.15	—	$233.27	$1.14B	$1.53B	+33.95%	5.35%	+181.5 bps	1
AMATTOP 5	7,259,244	$114.77	—	$115.75	$833.14M	$840.26M	+0.85%	4.80%	+4.1 bps	1
USB	15,801,280	$48.70	—	$29.74	$769.52M	$469.93M	-38.93%	4.68%	-182.3 bps	1
AMZN	7,780,936	$97.61	—	$105.83	$759.5M	$823.46M	+8.42%	4.44%	+37.4 bps	1
CI	1,840,098	$296.51	—	$264.69	$545.61M	$487.06M	-10.73%	4.14%	-44.5 bps	1
VTRS	54,721,607	$11.84	—	$9.82	$647.9M	$537.37M	-17.06%	4.14%	-70.6 bps	1
BK	13,165,044	$51.40	—	$41.50	$676.68M	$546.35M	-19.26%	4.07%	-78.4 bps	1
JPM	4,274,179	$141.04	—	$137.07	$602.83M	$585.86M	-2.81%	3.90%	-11.0 bps	1
TECK	13,008,612	$41.13	—	$44.27	$535.04M	$575.89M	+7.63%	3.34%	+25.5 bps	1
TXN	2,853,589	$175.79	—	$164.22	$501.63M	$468.62M	-6.58%	3.20%	-21.1 bps	1
GOOG	4,507,926	$94.86	—	$108.24	$427.62M	$487.94M	+14.11%	2.72%	+38.3 bps	1
GOOGL	4,276,844	$94.57	—	$107.77	$404.46M	$460.92M	+13.96%	2.56%	+35.8 bps	1
BRK/B	1,183,955	$309.89	—	$326.14	$366.9M	$386.14M	+5.24%	2.49%	+13.0 bps	1
CB	1,538,314	$214.69	—	$199.66	$330.26M	$307.14M	-7.00%	2.31%	-16.1 bps	1
MKL	250,362	$1358.25	—	$1373.95	$340.05M	$343.98M	+1.16%	2.24%	+2.6 bps	1
OC	3,608,040	$98.46	—	$106.01	$355.25M	$382.49M	+7.67%	2.09%	+16.0 bps	1
INTC	11,262,103	$27.80	—	$30.77	$313.09M	$346.53M	+10.68%	2.02%	+21.6 bps	1
DGX	1,835,823	$144.80	—	$134.73	$265.83M	$247.34M	-6.95%	1.95%	-13.6 bps	1
JD	4,430,035	$52.29	—	$35.90	$231.65M	$159.04M	-31.34%	1.69%	-53.0 bps	1
DAR	3,129,927	$65.67	—	$57.61	$205.54M	$180.32M	-12.27%	1.33%	-16.3 bps	1
AXP	988,952	$179.25	—	$153.04	$177.27M	$151.35M	-14.62%	0.99%	-14.5 bps	1
BAC	2,949,213	$35.58	—	$27.69	$104.93M	$81.66M	-22.18%	0.66%	-14.7 bps	1
NTB	3,270,744	$32.19	—	$23.99	$105.29M	$78.47M	-25.47%	0.66%	-16.9 bps	1
L	1,640,349	$62.17	—	$58.81	$101.98M	$96.47M	-5.40%	0.65%	-3.5 bps	1
CPNG	6,478,520	$15.65	—	$17.78	$101.39M	$115.19M	+13.61%	0.65%	+8.8 bps	1
DUSA	3,329,138	$29.96	—	$28.95	$99.74M	$96.39M	-3.36%	0.61%	-2.1 bps	1
MSFT	361,772	$263.10	—	$308.65	$95.18M	$111.66M	+17.31%	0.59%	+10.2 bps	1
IAC	1,837,370	$51.95	—	$54.16	$95.45M	$99.51M	+4.25%	0.55%	+2.4 bps	1
PNC	444,521	$159.34	—	$116.99	$70.83M	$52M	-26.58%	0.48%	-12.7 bps	1
FITB	1,905,588	$37.17	—	$24.41	$70.83M	$46.52M	-34.33%	0.42%	-14.6 bps	1
UNH	116,177	$494.25	—	$492.62	$57.42M	$57.23M	-0.33%	0.42%	-0.1 bps	1
DINT	3,458,765	$19.30	—	$18.34	$66.75M	$63.43M	-4.97%	0.42%	-2.1 bps	1
DFNL	2,080,320	$29.63	—	$25.63	$61.64M	$53.31M	-13.52%	0.38%	-5.2 bps	1
BABA	612,354	$103.65	—	$83.31	$63.47M	$51.02M	-19.62%	0.37%	-7.2 bps	1
DWLD	1,932,578	$27.64	—	$26.96	$53.42M	$52.1M	-2.46%	0.33%	-0.8 bps	1
JCI	509,833	$64.59	—	$63.09	$32.93M	$32.17M	-2.32%	0.22%	-0.5 bps	1
ETN	195,536	$170.91	—	$169.88	$33.42M	$33.22M	-0.60%	0.21%	-0.1 bps	1
FERG	240,576	$144.36	—	$140.82	$34.73M	$33.88M	-2.45%	0.21%	-0.5 bps	1
SCHW	348,966	$80.46	—	$47.63	$28.08M	$16.62M	-40.80%	0.20%	-8.1 bps	1
FWONA	537,943	$61.56	—	$63.36	$33.12M	$34.09M	+2.92%	0.20%	+0.6 bps	1
PLD	239,446	$128.09	—	$127.37	$30.67M	$30.5M	-0.56%	0.18%	-0.1 bps	1
RKT	3,761,997	$8.81	—	$8.42	$33.14M	$31.68M	-4.43%	0.18%	-0.8 bps	1
CARR	622,474	$44.83	—	$42.60	$27.91M	$26.52M	-4.97%	0.17%	-0.9 bps	1
HUM	43,436	$498.62	—	$535.96	$21.66M	$23.28M	+7.49%	0.15%	+1.1 bps	1
IQ	4,163,424	$7.45	—	$5.92	$31.02M	$24.65M	-20.54%	0.15%	-3.1 bps	1
CVS	208,090	$89.66	—	$69.68	$18.66M	$14.5M	-22.28%	0.13%	-2.9 bps	1
YOU	691,550	$29.08	—	$25.82	$20.11M	$17.86M	-11.21%	0.13%	-1.4 bps	1
PSA	65,130	$299.91	—	$297.34	$19.53M	$19.37M	-0.86%	0.12%	-0.1 bps	1
ORCL	216,204	$87.14	—	$96.79	$18.84M	$20.93M	+11.07%	0.12%	+1.3 bps	1
EQIX	26,458	$729.75	—	$740.12	$19.31M	$19.58M	+1.42%	0.12%	+0.2 bps	1
FWONK	277,227	$69.09	—	$71.38	$19.15M	$19.79M	+3.32%	0.11%	+0.4 bps	1
MBC	2,187,640	$9.82	—	$8.39	$21.48M	$18.35M	-14.56%	0.11%	-1.6 bps	1
ARE	112,557	$165.68	—	$122.35	$18.65M	$13.77M	-26.15%	0.11%	-2.9 bps	1
EG	48,774	$379.48	—	$383.22	$18.51M	$18.69M	+0.99%	0.11%	+0.1 bps	1
SPG	130,280	$124.35	—	$108.00	$16.2M	$14.07M	-13.15%	0.10%	-1.4 bps	1
AMT	70,290	$216.72	—	$193.21	$15.23M	$13.58M	-10.85%	0.10%	-1.1 bps	1
SAP	142,835	$117.35	—	$135.78	$16.76M	$19.39M	+15.71%	0.10%	+1.6 bps	1
RTX	144,483	$100.61	—	$95.54	$14.54M	$13.8M	-5.04%	0.10%	-0.5 bps	1
BRX	633,460	$23.08	—	$21.18	$14.62M	$13.42M	-8.23%	0.10%	-0.8 bps	1
AVB	86,500	$180.28	—	$180.36	$15.59M	$15.6M	+0.04%	0.09%	+0.0 bps	1
REXR	244,030	$62.30	—	$56.42	$15.2M	$13.77M	-9.44%	0.09%	-0.9 bps	1
ESS	60,161	$233.77	—	$218.63	$14.06M	$13.15M	-6.48%	0.09%	-0.6 bps	1
TRNO	218,247	$63.32	—	$61.92	$13.82M	$13.51M	-2.21%	0.08%	-0.2 bps	1
NOAH	796,398	$20.10	—	$14.81	$16.01M	$11.79M	-26.32%	0.08%	-2.2 bps	1
CUZ	464,145	$26.43	—	$20.84	$12.27M	$9.67M	-21.15%	0.08%	-1.7 bps	1
CCI	85,990	$141.50	—	$116.37	$12.17M	$10.01M	-17.76%	0.08%	-1.4 bps	1
DLR	109,565	$111.46	—	$97.37	$12.21M	$10.67M	-12.64%	0.07%	-0.9 bps	1
VTR	242,350	$50.99	—	$47.44	$12.36M	$11.5M	-6.96%	0.07%	-0.5 bps	1
WELL	152,980	$75.28	—	$76.33	$11.52M	$11.68M	+1.39%	0.07%	+0.1 bps	1
UDR	236,950	$44.09	—	$41.27	$10.45M	$9.78M	-6.40%	0.06%	-0.4 bps	1
IVE	62,868	$154.84	—	$152.07	$9.73M	$9.56M	-1.79%	0.06%	-0.1 bps	1
EQR	139,785	$64.82	—	$62.98	$9.06M	$8.8M	-2.84%	0.06%	-0.2 bps	1
SHO	816,580	$10.52	—	$10.29	$8.59M	$8.4M	-2.19%	0.05%	-0.1 bps	1
AMH	257,380	$33.85	—	$35.12	$8.71M	$9.04M	+3.75%	0.05%	+0.2 bps	1
DEI	483,820	$16.15	—	$11.53	$7.81M	$5.58M	-28.61%	0.05%	-1.5 bps	1
EXR	50,320	$161.75	—	$156.98	$8.14M	$7.9M	-2.95%	0.05%	-0.1 bps	1
CPT	65,210	$122.82	—	$110.86	$8.01M	$7.23M	-9.74%	0.05%	-0.5 bps	1
MTB	47,915	$159.02	—	$116.23	$7.62M	$5.57M	-26.91%	0.05%	-1.3 bps	1
STT	89,316	$92.58	—	$69.07	$8.27M	$6.17M	-25.39%	0.05%	-1.2 bps	1
WCC	51,905	$148.78	—	$129.88	$7.72M	$6.74M	-12.70%	0.04%	-0.6 bps	1
BIDU	46,820	$138.99	—	$122.49	$6.51M	$5.73M	-11.87%	0.04%	-0.4 bps	1
FRT	51,370	$109.97	—	$94.38	$5.65M	$4.85M	-14.18%	0.04%	-0.5 bps	1
VICI	150,510	$34.48	—	$32.97	$5.19M	$4.96M	-4.38%	0.03%	-0.1 bps	1
NTST	260,350	$19.85	—	$18.01	$5.17M	$4.69M	-9.27%	0.03%	-0.3 bps	1
CUBE	117,450	$45.67	—	$46.41	$5.36M	$5.45M	+1.62%	0.03%	+0.1 bps	1
SUI	33,010	$158.09	—	$135.65	$5.22M	$4.48M	-14.19%	0.03%	-0.5 bps	1
HPP	458,673	$10.50	—	$5.17	$4.82M	$2.37M	-50.76%	0.03%	-1.5 bps	1
HIW	153,070	$29.68	—	$21.87	$4.54M	$3.35M	-26.31%	0.03%	-0.8 bps	1
BXP	54,720	$72.54	—	$50.92	$3.97M	$2.79M	-29.80%	0.03%	-0.7 bps	1
TFC	69,290	$48.38	—	$28.75	$3.35M	$1.99M	-40.57%	0.02%	-0.8 bps	1
COLD	88,850	$30.76	—	$30.52	$2.73M	$2.71M	-0.78%	0.02%	-0.0 bps	1
LRCX	1,228	$505.00	—	$526.79	$620.14K	$646.9K	+4.31%	0.00%	+0.0 bps	1
RH	1,150	$306.23	—	$257.42	$352.16K	$296.03K	-15.94%	0.00%	-0.0 bps	1
HOLI	—	—	—	—	—	—	—	0.61%	—	0
ROIC	—	—	—	—	—	—	—	0.06%	—	0
GLRE	—	—	—	—	—	—	—	0.05%	—	0
HST	—	—	—	—	—	—	—	0.04%	—	0
LSI	—	—	—	—	—	—	—	0.04%	—	0
STOR	—	—	—	—	—	—	—	0.03%	—	0
IIPR	—	—	—	—	—	—	—	0.03%	—	0
PEAK	—	—	—	—	—	—	—	0.03%	—	0
VMEO	—	—	—	—	—	—	—	0.02%	—	0
RADI	—	—	—	—	—	—	—	0.02%	—	0
IWV	—	—	—	—	—	—	—	0.01%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
LTRPA	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$5.69B	$5.56B	-2.14%
Total(96)					$16.13B	$15.34B	-4.90%

2022-11-10 → 2023-02-10

98 of 114 priced98.78% coverage

+5.00%

Holdings from Q3 2022 disclosure · accession 0001567619-22-019462 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
WFCTOP 5	32,077,734	$47.95	—	$47.51	$1.54B	$1.52B	-0.92%	9.17%	-8.4 bps	1
COFTOP 5	10,818,066	$113.42	—	$115.39	$1.23B	$1.25B	+1.74%	7.09%	+12.3 bps	1
BRK/ATOP 5	2,197	$457665.00	—	$472250.00	$1.01B	$1.04B	+3.19%	6.35%	+20.2 bps	1
CITOP 5	3,094,489	$323.34	—	$296.51	$1B	$917.55M	-8.30%	6.11%	-50.7 bps	1
USB	16,424,077	$44.87	—	$48.70	$736.95M	$799.85M	+8.54%	4.71%	+40.2 bps	1
AMATTOP 5	7,357,696	$104.79	—	$114.77	$771.01M	$844.44M	+9.52%	4.29%	+40.8 bps	1
AMZN	5,283,616	$96.63	—	$97.61	$510.56M	$515.73M	+1.01%	4.25%	+4.3 bps	1
META	4,254,315	$111.87	—	$174.15	$475.93M	$740.89M	+55.67%	4.10%	+228.5 bps	1
BK	13,615,323	$44.07	—	$51.40	$600.03M	$699.83M	+16.63%	3.73%	+62.0 bps	1
VTRS	55,460,186	$11.34	—	$11.84	$628.92M	$656.65M	+4.41%	3.36%	+14.8 bps	1
JPM	4,442,339	$135.08	—	$141.04	$600.07M	$626.55M	+4.41%	3.30%	+14.6 bps	1
TXN	2,940,143	$174.69	—	$175.79	$513.61M	$516.85M	+0.63%	3.24%	+2.0 bps	1
GOOG	4,659,454	$94.17	—	$94.86	$438.78M	$442M	+0.73%	3.19%	+2.3 bps	1
GOOGL	4,393,621	$93.94	—	$94.57	$412.74M	$415.5M	+0.67%	2.99%	+2.0 bps	1
JD	8,305,574	$46.03	—	$52.29	$382.31M	$434.3M	+13.60%	2.97%	+40.4 bps	1
TECK	12,754,780	$34.31	—	$41.13	$437.62M	$524.6M	+19.88%	2.76%	+54.8 bps	1
BRK/B	1,262,980	$303.20	—	$309.89	$382.94M	$391.38M	+2.21%	2.40%	+5.3 bps	1
CB	1,696,101	$211.91	—	$214.69	$359.42M	$364.14M	+1.31%	2.19%	+2.9 bps	1
INTC	11,690,486	$29.76	—	$27.80	$347.91M	$325M	-6.59%	2.14%	-14.1 bps	1
OC	3,373,140	$91.36	—	$98.46	$308.17M	$332.12M	+7.77%	1.89%	+14.7 bps	1
DGX	1,871,160	$152.48	—	$144.80	$285.31M	$270.94M	-5.04%	1.63%	-8.2 bps	1
MKL	208,220	$1284.93	—	$1358.25	$267.55M	$282.81M	+5.71%	1.61%	+9.2 bps	1
DAR	3,183,405	$74.46	—	$65.67	$237.04M	$209.05M	-11.81%	1.50%	-17.7 bps	1
AXP	1,078,803	$154.75	—	$179.25	$166.94M	$193.38M	+15.83%	1.03%	+16.4 bps	1
CPNG	8,507,055	$19.97	—	$15.65	$169.89M	$133.14M	-21.63%	1.01%	-21.8 bps	1
NTB	3,427,026	$32.08	—	$32.19	$109.94M	$110.32M	+0.34%	0.79%	+0.3 bps	1
IAC	1,924,901	$47.18	—	$51.95	$90.82M	$100M	+10.11%	0.76%	+7.7 bps	1
BAC	3,121,302	$38.13	—	$35.58	$119.02M	$111.06M	-6.69%	0.67%	-4.5 bps	1
L	1,752,307	$56.59	—	$62.17	$99.16M	$108.94M	+9.86%	0.62%	+6.1 bps	1
MSFT	371,589	$242.98	—	$263.10	$90.29M	$97.77M	+8.28%	0.62%	+5.1 bps	1
DUSA	3,308,560	$28.12	—	$29.96	$93.03M	$99.12M	+6.55%	0.59%	+3.9 bps	1
PNC	481,820	$163.85	—	$159.34	$78.95M	$76.77M	-2.75%	0.51%	-1.4 bps	1
UNH	122,391	$544.17	—	$494.25	$66.6M	$60.49M	-9.17%	0.44%	-4.0 bps	1
BABA	762,491	$69.77	—	$103.65	$53.2M	$79.03M	+48.56%	0.43%	+21.1 bps	1
SCHW	822,690	$78.56	—	$80.46	$64.63M	$66.19M	+2.42%	0.42%	+1.0 bps	1
DINT	3,898,825	$16.00	—	$19.30	$62.38M	$75.25M	+20.63%	0.41%	+8.5 bps	1
DFNL	2,043,955	$28.42	—	$29.63	$58.09M	$60.56M	+4.26%	0.36%	+1.5 bps	1
DWLD	1,925,400	$24.01	—	$27.64	$46.23M	$53.22M	+15.12%	0.30%	+4.5 bps	1
FITB	1,039,881	$36.29	—	$37.17	$37.74M	$38.65M	+2.42%	0.24%	+0.6 bps	1
FWONA	574,666	$50.15	—	$61.56	$28.82M	$35.38M	+22.76%	0.21%	+4.9 bps	1
CARR	819,923	$43.48	—	$44.83	$35.65M	$36.76M	+3.10%	0.21%	+0.6 bps	1
ETN	195,345	$162.13	—	$170.91	$31.67M	$33.39M	+5.42%	0.19%	+1.0 bps	1
RKT	4,014,627	$7.32	—	$8.81	$29.39M	$35.37M	+20.36%	0.18%	+3.7 bps	1
JCI	510,463	$66.66	—	$64.59	$34.03M	$32.97M	-3.11%	0.18%	-0.6 bps	1
PLD	217,522	$118.34	—	$128.09	$25.74M	$27.86M	+8.24%	0.16%	+1.3 bps	1
HUM	43,501	$558.30	—	$498.62	$24.29M	$21.69M	-10.69%	0.15%	-1.6 bps	1
CVS	207,368	$99.91	—	$89.66	$20.72M	$18.59M	-10.26%	0.14%	-1.4 bps	1
PSA	58,510	$302.81	—	$299.91	$17.72M	$17.55M	-0.96%	0.12%	-0.1 bps	1
AMT	79,430	$220.90	—	$216.72	$17.55M	$17.21M	-1.89%	0.12%	-0.2 bps	1
FWONK	291,302	$56.40	—	$69.09	$16.43M	$20.13M	+22.51%	0.12%	+2.7 bps	1
YOU	714,779	$24.44	—	$29.08	$17.47M	$20.79M	+18.99%	0.12%	+2.2 bps	1
EQIX	26,458	$648.00	—	$729.75	$17.14M	$19.31M	+12.62%	0.11%	+1.3 bps	1
AVB	80,590	$171.82	—	$180.28	$13.85M	$14.53M	+4.92%	0.11%	+0.5 bps	1
BRX	767,440	$22.71	—	$23.08	$17.43M	$17.71M	+1.63%	0.10%	+0.2 bps	1
EG	53,505	$320.19	—	$379.48	$17.13M	$20.3M	+18.52%	0.10%	+1.8 bps	1
FERG	135,026	$123.40	—	$144.36	$16.66M	$19.49M	+16.99%	0.10%	+1.7 bps	1
ARE	99,547	$153.58	—	$165.68	$15.29M	$16.49M	+7.88%	0.10%	+0.8 bps	1
WELL	215,090	$70.06	—	$75.28	$15.07M	$16.19M	+7.45%	0.10%	+0.7 bps	1
EQR	202,605	$63.97	—	$64.82	$12.96M	$13.13M	+1.33%	0.10%	+0.1 bps	1
ORCL	217,532	$77.17	—	$87.14	$16.79M	$18.96M	+12.92%	0.09%	+1.2 bps	1
RTX	161,550	$97.84	—	$100.61	$15.81M	$16.25M	+2.83%	0.09%	+0.3 bps	1
REXR	244,030	$58.03	—	$62.30	$14.16M	$15.2M	+7.36%	0.09%	+0.7 bps	1
CCI	85,990	$138.66	—	$141.50	$11.92M	$12.17M	+2.05%	0.09%	+0.2 bps	1
ESS	51,291	$218.56	—	$233.77	$11.21M	$11.99M	+6.96%	0.09%	+0.6 bps	1
SPG	130,280	$120.04	—	$124.35	$15.64M	$16.2M	+3.59%	0.08%	+0.3 bps	1
TRNO	218,247	$59.67	—	$63.32	$13.02M	$13.82M	+6.12%	0.08%	+0.5 bps	1
IQ	4,177,319	$2.31	—	$7.45	$9.65M	$31.12M	+222.51%	0.08%	+17.9 bps	1
DLR	109,565	$108.59	—	$111.46	$11.9M	$12.21M	+2.64%	0.08%	+0.2 bps	1
NOAH	806,789	$14.55	—	$20.10	$11.74M	$16.22M	+38.14%	0.08%	+2.9 bps	1
SAP	112,108	$107.18	—	$117.35	$12.02M	$13.16M	+9.49%	0.06%	+0.6 bps	1
VTR	220,300	$44.86	—	$50.99	$9.88M	$11.23M	+13.66%	0.06%	+0.9 bps	1
EXR	50,320	$163.09	—	$161.75	$8.21M	$8.14M	-0.82%	0.06%	-0.1 bps	1
AMH	257,380	$32.50	—	$33.85	$8.36M	$8.71M	+4.15%	0.06%	+0.2 bps	1
MTB	47,915	$170.19	—	$159.02	$8.15M	$7.62M	-6.56%	0.06%	-0.4 bps	1
DEI	437,780	$17.22	—	$16.15	$7.54M	$7.07M	-6.21%	0.06%	-0.3 bps	1
CPT	65,210	$116.20	—	$122.82	$7.58M	$8.01M	+5.70%	0.06%	+0.3 bps	1
SHO	816,580	$10.70	—	$10.52	$8.74M	$8.59M	-1.68%	0.05%	-0.1 bps	1
BXP	101,310	$75.48	—	$72.54	$7.65M	$7.35M	-3.90%	0.05%	-0.2 bps	1
UDR	163,690	$40.69	—	$44.09	$6.66M	$7.22M	+8.36%	0.05%	+0.4 bps	1
FRT	70,040	$107.07	—	$109.97	$7.5M	$7.7M	+2.71%	0.04%	+0.1 bps	1
BIDU	48,867	$86.11	—	$138.99	$4.21M	$6.79M	+61.41%	0.04%	+2.5 bps	1
HR	250,480	$20.71	—	$20.69	$5.19M	$5.18M	-0.10%	0.04%	-0.0 bps	1
WCC	42,621	$126.66	—	$148.78	$5.4M	$6.34M	+17.46%	0.04%	+0.6 bps	1
HIW	186,760	$29.95	—	$29.68	$5.59M	$5.54M	-0.90%	0.04%	-0.0 bps	1
HPP	458,673	$11.53	—	$10.50	$5.29M	$4.82M	-8.93%	0.04%	-0.3 bps	1
STT	77,846	$79.86	—	$92.58	$6.22M	$7.21M	+15.93%	0.03%	+0.5 bps	1
NTST	260,350	$18.81	—	$19.85	$4.9M	$5.17M	+5.53%	0.03%	+0.2 bps	1
CUZ	192,945	$25.44	—	$26.43	$4.91M	$5.1M	+3.89%	0.03%	+0.1 bps	1
VICI	150,510	$32.62	—	$34.48	$4.91M	$5.19M	+5.70%	0.03%	+0.2 bps	1
SUI	33,010	$142.77	—	$158.09	$4.71M	$5.22M	+10.73%	0.03%	+0.3 bps	1
IVE	31,833	$147.21	—	$154.84	$4.69M	$4.93M	+5.18%	0.03%	+0.2 bps	1
CUBE	62,880	$41.82	—	$45.67	$2.63M	$2.87M	+9.21%	0.02%	+0.2 bps	1
NVS	28,943	$85.13	—	$86.48	$2.46M	$2.5M	+1.59%	0.02%	+0.0 bps	1
COLD	88,850	$29.59	—	$30.76	$2.63M	$2.73M	+3.95%	0.02%	+0.1 bps	1
DXC	56,665	$29.01	—	$28.90	$1.64M	$1.64M	-0.38%	0.01%	-0.0 bps	1
TFC	28,518	$46.04	—	$48.38	$1.31M	$1.38M	+5.08%	0.01%	+0.0 bps	1
LRCX	1,228	$485.41	—	$505.00	$596.08K	$620.14K	+4.04%	0.00%	+0.0 bps	1
RH	1,150	$282.56	—	$306.23	$324.94K	$352.16K	+8.38%	0.00%	+0.0 bps	1
HOLI	—	—	—	—	—	—	—	0.69%	—	0
VMEO	—	—	—	—	—	—	—	0.11%	—	0
ROIC	—	—	—	—	—	—	—	0.06%	—	0
PEAK	—	—	—	—	—	—	—	0.05%	—	0
VMW	—	—	—	—	—	—	—	0.05%	—	0
GLRE	—	—	—	—	—	—	—	0.05%	—	0
HST	—	—	—	—	—	—	—	0.05%	—	0
STOR	—	—	—	—	—	—	—	0.04%	—	0
LSI	—	—	—	—	—	—	—	0.03%	—	0
CIH	—	—	—	—	—	—	—	0.03%	—	0
IIPR	—	—	—	—	—	—	—	0.02%	—	0
AKR	—	—	—	—	—	—	—	0.02%	—	0
RADI	—	—	—	—	—	—	—	0.02%	—	0
DRE	—	—	—	—	—	—	—	0.02%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
LTRPA	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$5.54B	$5.57B	+0.53%
Total(98)					$15.59B	$16.37B	+5.00%

2022-08-11 → 2022-11-10

96 of 114 priced98.70% coverage

-4.79%

Holdings from Q2 2022 disclosure · accession 0001567619-22-015516 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
WFCTOP 5	32,639,532	$45.25	—	$47.95	$1.48B	$1.57B	+5.97%	8.20%	+48.9 bps	1
COFTOP 5	10,960,176	$115.27	—	$113.42	$1.26B	$1.24B	-1.60%	7.33%	-11.8 bps	1
BRK/ATOP 5	2,238	$445302.00	—	$457665.00	$996.59M	$1.02B	+2.78%	5.87%	+16.3 bps	1
CITOP 5	3,138,133	$286.00	—	$323.34	$897.51M	$1.01B	+13.06%	5.31%	+69.3 bps	1
USBTOP 5	16,628,587	$48.44	—	$44.87	$805.49M	$746.12M	-7.37%	4.91%	-36.2 bps	1
AMAT	7,415,384	$105.53	—	$104.79	$782.55M	$777.06M	-0.70%	4.33%	-3.0 bps	1
INTC	16,579,278	$35.59	—	$29.76	$590.06M	$493.4M	-16.38%	3.98%	-65.2 bps	1
VTRS	55,466,147	$10.96	—	$11.34	$607.91M	$628.99M	+3.47%	3.73%	+12.9 bps	1
BK	13,833,713	$44.37	—	$44.07	$613.8M	$609.65M	-0.68%	3.70%	-2.5 bps	1
GOOG	258,487	$2396.40	—	$1883.40	$619.44M	$486.83M	-21.41%	3.63%	-77.7 bps	1
JD	8,670,281	$56.94	—	$46.03	$493.69M	$399.09M	-19.16%	3.57%	-68.5 bps	1
AMZN	5,206,603	$140.64	—	$96.63	$732.26M	$503.11M	-31.29%	3.55%	-111.0 bps	1
META	3,304,953	$177.49	—	$111.87	$586.6M	$369.73M	-36.97%	3.42%	-126.4 bps	1
GOOGL	239,369	$2376.80	—	$1878.80	$568.93M	$449.73M	-20.95%	3.35%	-70.1 bps	1
JPM	4,503,786	$120.14	—	$135.08	$541.08M	$608.37M	+12.44%	3.25%	+40.5 bps	1
TXN	2,991,064	$182.06	—	$174.69	$544.55M	$522.51M	-4.05%	2.95%	-11.9 bps	1
BRK/B	1,320,164	$296.47	—	$303.20	$391.39M	$400.27M	+2.27%	2.31%	+5.2 bps	1
CB	1,713,457	$193.81	—	$211.91	$332.09M	$363.1M	+9.34%	2.16%	+20.2 bps	1
TECK	10,909,614	$33.16	—	$34.31	$361.76M	$374.31M	+3.47%	2.14%	+7.4 bps	1
MKL	211,457	$1217.84	—	$1284.93	$257.52M	$271.71M	+5.51%	1.75%	+9.7 bps	1
OC	3,395,504	$90.22	—	$91.36	$306.34M	$310.21M	+1.26%	1.62%	+2.0 bps	1
DGX	1,889,815	$140.57	—	$152.48	$265.65M	$288.16M	+8.47%	1.61%	+13.7 bps	1
BABA	2,180,288	$94.87	—	$69.77	$206.84M	$152.12M	-26.46%	1.59%	-42.1 bps	1
DAR	3,190,790	$75.86	—	$74.46	$242.05M	$237.59M	-1.85%	1.22%	-2.3 bps	1
AXP	1,089,117	$162.99	—	$154.75	$177.52M	$168.54M	-5.06%	0.97%	-4.9 bps	1
IAC	1,964,023	$75.13	—	$47.18	$147.56M	$92.66M	-37.20%	0.96%	-35.6 bps	1
L	2,156,086	$57.51	—	$56.59	$124M	$122.01M	-1.60%	0.82%	-1.3 bps	1
NTB	3,528,707	$33.87	—	$32.08	$119.52M	$113.2M	-5.28%	0.71%	-3.7 bps	1
CPNG	8,571,656	$18.70	—	$19.97	$160.29M	$171.18M	+6.79%	0.70%	+4.8 bps	1
BAC	3,173,444	$35.91	—	$38.13	$113.96M	$121M	+6.18%	0.63%	+3.9 bps	1
MSFT	377,148	$287.02	—	$242.98	$108.25M	$91.64M	-15.34%	0.62%	-9.5 bps	1
DUSA	3,308,560	$29.69	—	$28.12	$98.23M	$93.03M	-5.29%	0.58%	-3.1 bps	1
PNC	490,186	$171.94	—	$163.85	$84.28M	$80.32M	-4.71%	0.50%	-2.3 bps	1
DINT	3,898,825	$16.80	—	$16.00	$65.52M	$62.38M	-4.79%	0.42%	-2.0 bps	1
UNH	123,138	$532.86	—	$544.17	$65.62M	$67.01M	+2.12%	0.41%	+0.9 bps	1
DFNL	2,043,955	$28.18	—	$28.42	$57.6M	$58.09M	+0.85%	0.34%	+0.3 bps	1
SCHW	836,643	$72.57	—	$78.56	$60.72M	$65.73M	+8.25%	0.34%	+2.8 bps	1
DWLD	1,925,400	$25.46	—	$24.01	$49.02M	$46.23M	-5.70%	0.30%	-1.7 bps	1
FWONA	642,552	$58.08	—	$50.15	$37.32M	$32.22M	-13.65%	0.24%	-3.3 bps	1
FITB	1,053,038	$37.08	—	$36.29	$39.05M	$38.21M	-2.13%	0.23%	-0.5 bps	1
RKT	4,103,414	$10.49	—	$7.32	$43.04M	$30.04M	-30.22%	0.19%	-5.9 bps	1
CARR	824,416	$43.05	—	$43.48	$35.49M	$35.85M	+1.00%	0.19%	+0.2 bps	1
FWONK	460,278	$65.86	—	$56.40	$30.31M	$25.96M	-14.37%	0.19%	-2.7 bps	1
PLD	217,522	$134.23	—	$118.34	$29.2M	$25.74M	-11.84%	0.16%	-1.9 bps	1
JCI	512,718	$56.36	—	$66.66	$28.9M	$34.18M	+18.28%	0.16%	+2.9 bps	1
ETN	194,384	$149.45	—	$162.13	$29.05M	$31.52M	+8.48%	0.16%	+1.3 bps	1
HUM	43,812	$484.07	—	$558.30	$21.21M	$24.46M	+15.33%	0.13%	+2.0 bps	1
AMT	79,430	$273.95	—	$220.90	$21.76M	$17.55M	-19.36%	0.13%	-2.5 bps	1
WELL	244,330	$81.23	—	$70.06	$19.85M	$17.12M	-13.75%	0.13%	-1.8 bps	1
CVS	208,272	$104.25	—	$99.91	$21.71M	$20.81M	-4.16%	0.12%	-0.5 bps	1
IQ	4,402,947	$3.88	—	$2.31	$17.08M	$10.17M	-40.46%	0.12%	-4.8 bps	1
PSA	58,510	$346.44	—	$302.81	$20.27M	$17.72M	-12.59%	0.12%	-1.5 bps	1
EQIX	26,458	$689.31	—	$648.00	$18.24M	$17.14M	-5.99%	0.11%	-0.7 bps	1
NOAH	830,319	$19.76	—	$14.55	$16.41M	$12.08M	-26.37%	0.11%	-2.8 bps	1
AVB	80,590	$215.08	—	$171.82	$17.33M	$13.85M	-20.11%	0.10%	-2.0 bps	1
RTX	162,261	$93.15	—	$97.84	$15.11M	$15.88M	+5.03%	0.10%	+0.5 bps	1
BRX	767,440	$23.60	—	$22.71	$18.11M	$17.43M	-3.77%	0.10%	-0.4 bps	1
EG	54,992	$271.22	—	$320.19	$14.91M	$17.61M	+18.06%	0.10%	+1.8 bps	1
ORCL	219,403	$77.16	—	$77.17	$16.93M	$16.93M	+0.01%	0.10%	+0.0 bps	1
YOU	742,091	$28.67	—	$24.44	$21.28M	$18.14M	-14.75%	0.10%	-1.4 bps	1
EQR	202,605	$78.63	—	$63.97	$15.93M	$12.96M	-18.64%	0.09%	-1.8 bps	1
CCI	85,990	$178.88	—	$138.66	$15.38M	$11.92M	-22.48%	0.09%	-2.1 bps	1
ARE	99,547	$166.97	—	$153.58	$16.62M	$15.29M	-8.02%	0.09%	-0.7 bps	1
DLR	109,565	$129.03	—	$108.59	$14.14M	$11.9M	-15.84%	0.09%	-1.4 bps	1
REXR	244,030	$66.44	—	$58.03	$16.21M	$14.16M	-12.66%	0.09%	-1.1 bps	1
ESS	51,291	$292.75	—	$218.56	$15.02M	$11.21M	-25.34%	0.09%	-2.2 bps	1
SPG	130,280	$114.07	—	$120.04	$14.86M	$15.64M	+5.23%	0.08%	+0.4 bps	1
TRNO	218,247	$64.89	—	$59.67	$14.16M	$13.02M	-8.04%	0.08%	-0.6 bps	1
FERG	102,811	$126.07	—	$123.40	$12.96M	$12.69M	-2.12%	0.07%	-0.2 bps	1
CUZ	388,025	$30.58	—	$25.44	$11.87M	$9.87M	-16.81%	0.07%	-1.2 bps	1
VTR	220,300	$51.55	—	$44.86	$11.36M	$9.88M	-12.98%	0.07%	-0.9 bps	1
SAP	112,892	$95.24	—	$107.18	$10.75M	$12.1M	+12.54%	0.07%	+0.8 bps	1
SHO	1,021,460	$11.68	—	$10.70	$11.93M	$10.93M	-8.39%	0.07%	-0.5 bps	1
AMH	257,380	$37.80	—	$32.50	$9.73M	$8.36M	-14.02%	0.06%	-0.8 bps	1
FRT	92,650	$109.85	—	$107.07	$10.18M	$9.92M	-2.53%	0.06%	-0.1 bps	1
CPT	65,210	$143.36	—	$116.20	$9.35M	$7.58M	-18.95%	0.06%	-1.1 bps	1
MTB	54,615	$186.87	—	$170.19	$10.21M	$9.29M	-8.93%	0.06%	-0.5 bps	1
EXR	50,320	$207.45	—	$163.09	$10.44M	$8.21M	-21.38%	0.05%	-1.2 bps	1
IVE	58,209	$147.83	—	$147.21	$8.61M	$8.57M	-0.42%	0.05%	-0.0 bps	1
UDR	163,690	$49.19	—	$40.69	$8.05M	$6.66M	-17.28%	0.05%	-0.8 bps	1
DEI	334,290	$22.63	—	$17.22	$7.56M	$5.76M	-23.91%	0.05%	-1.1 bps	1
BIDU	48,867	$139.38	—	$86.11	$6.81M	$4.21M	-38.22%	0.05%	-1.8 bps	1
BXP	75,650	$89.72	—	$75.48	$6.79M	$5.71M	-15.87%	0.04%	-0.7 bps	1
HIW	186,760	$35.35	—	$29.95	$6.6M	$5.59M	-15.28%	0.04%	-0.6 bps	1
SUI	33,010	$168.01	—	$142.77	$5.55M	$4.71M	-15.02%	0.03%	-0.5 bps	1
NTST	260,350	$20.50	—	$18.81	$5.34M	$4.9M	-8.24%	0.03%	-0.3 bps	1
STT	77,846	$73.51	—	$79.86	$5.72M	$6.22M	+8.64%	0.03%	+0.3 bps	1
VICI	160,490	$34.82	—	$32.62	$5.59M	$5.24M	-6.32%	0.03%	-0.2 bps	1
HPP	215,043	$15.37	—	$11.53	$3.31M	$2.48M	-24.98%	0.02%	-0.5 bps	1
CUBE	62,880	$49.47	—	$41.82	$3.11M	$2.63M	-15.46%	0.02%	-0.3 bps	1
COLD	88,850	$32.14	—	$29.59	$2.86M	$2.63M	-7.93%	0.02%	-0.1 bps	1
NVS	28,943	$85.58	—	$85.13	$2.48M	$2.46M	-0.53%	0.02%	-0.0 bps	1
SLG	52,921	$51.02	—	$40.57	$2.7M	$2.15M	-20.48%	0.02%	-0.3 bps	1
DXC	56,665	$26.31	—	$29.01	$1.49M	$1.64M	+10.26%	0.01%	+0.1 bps	1
TFC	28,518	$51.02	—	$46.04	$1.45M	$1.31M	-9.76%	0.01%	-0.1 bps	1
LRCX	1,228	$497.46	—	$485.41	$610.88K	$596.08K	-2.42%	0.00%	-0.0 bps	1
HOLI	—	—	—	—	—	—	—	0.58%	—	0
VMEO	—	—	—	—	—	—	—	0.21%	—	0
ROIC	—	—	—	—	—	—	—	0.06%	—	0
PEAK	—	—	—	—	—	—	—	0.05%	—	0
HST	—	—	—	—	—	—	—	0.05%	—	0
VMW	—	—	—	—	—	—	—	0.05%	—	0
GLRE	—	—	—	—	—	—	—	0.05%	—	0
HTA	—	—	—	—	—	—	—	0.04%	—	0
CTT	—	—	—	—	—	—	—	0.04%	—	0
STOR	—	—	—	—	—	—	—	0.03%	—	0
LSI	—	—	—	—	—	—	—	0.03%	—	0
IIPR	—	—	—	—	—	—	—	0.03%	—	0
AKR	—	—	—	—	—	—	—	0.02%	—	0
CIH	—	—	—	—	—	—	—	0.02%	—	0
RADI	—	—	—	—	—	—	—	0.02%	—	0
DRE	—	—	—	—	—	—	—	0.02%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
LTRPA	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$5.44B	$5.59B	+2.82%
Total(96)					$16.76B	$15.96B	-4.79%

2022-05-12 → 2022-08-11

98 of 121 priced97.57% coverage

+3.60%

Holdings from Q1 2022 disclosure · accession 0001567619-22-010163 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
WFCTOP 5	33,967,518	$41.81	—	$45.25	$1.42B	$1.54B	+8.23%	8.32%	+68.4 bps	1
COFTOP 5	11,386,174	$114.15	—	$115.27	$1.3B	$1.31B	+0.98%	7.55%	+7.4 bps	1
BRK/ATOP 5	2,349	$461631.00	—	$445302.00	$1.08B	$1.05B	-3.54%	6.28%	-22.2 bps	1
AMATTOP 5	8,051,951	$106.76	—	$105.53	$859.63M	$849.72M	-1.15%	5.36%	-6.2 bps	1
USB	17,265,465	$48.59	—	$48.44	$838.93M	$836.34M	-0.31%	4.64%	-1.4 bps	1
AMZN	268,267	$2138.61	×20	$140.64	$573.72M	$754.58M	+31.52%	4.42%	+139.3 bps	1
INTC	16,727,945	$42.84	—	$35.59	$716.63M	$595.35M	-16.92%	4.19%	-70.9 bps	1
CITOP 5	3,361,983	$260.03	—	$286.00	$874.22M	$961.53M	+9.99%	4.07%	+40.7 bps	1
GOOG	271,365	$2263.22	×20	$119.82	$614.16M	$650.3M	+5.88%	3.83%	+22.5 bps	1
META	3,352,260	$191.24	—	$177.49	$641.09M	$594.99M	-7.19%	3.77%	-27.1 bps	1
BK	14,243,589	$42.81	—	$44.37	$609.77M	$631.99M	+3.64%	3.57%	+13.0 bps	1
GOOGL	251,517	$2256.88	×20	$118.84	$567.64M	$597.81M	+5.31%	3.53%	+18.8 bps	1
JPM	4,647,137	$118.04	—	$120.14	$548.55M	$558.31M	+1.78%	3.20%	+5.7 bps	1
VTRS	56,666,290	$10.85	—	$10.96	$614.83M	$621.06M	+1.01%	3.12%	+3.2 bps	1
TXN	3,121,511	$165.90	—	$182.06	$517.86M	$568.3M	+9.74%	2.89%	+28.2 bps	1
JD	8,901,083	$48.67	—	$56.94	$433.22M	$506.83M	+16.99%	2.60%	+44.2 bps	1
BRK/B	1,389,714	$308.06	—	$296.47	$428.12M	$412.01M	-3.76%	2.48%	-9.3 bps	1
CB	1,778,467	$205.44	—	$193.81	$365.37M	$344.68M	-5.66%	1.92%	-10.9 bps	1
TECK	8,505,298	$35.64	—	$33.16	$303.13M	$282.04M	-6.96%	1.74%	-12.1 bps	1
BABA	3,100,179	$81.09	—	$94.87	$251.39M	$294.11M	+16.99%	1.70%	+29.0 bps	1
MKL	216,073	$1291.06	—	$1217.84	$278.96M	$263.14M	-5.67%	1.61%	-9.1 bps	1
AXP	1,640,907	$153.27	—	$162.99	$251.5M	$267.45M	+6.34%	1.55%	+9.8 bps	1
DGX	1,947,058	$136.09	—	$140.57	$264.98M	$273.7M	+3.29%	1.35%	+4.4 bps	1
DAR	3,216,376	$71.86	—	$75.86	$231.13M	$243.99M	+5.57%	1.31%	+7.3 bps	1
IAC	2,046,779	$76.84	—	$75.13	$157.27M	$153.77M	-2.23%	1.04%	-2.3 bps	1
L	2,461,965	$61.94	—	$57.51	$152.49M	$141.59M	-7.15%	0.81%	-5.8 bps	1
CPNG	8,652,810	$11.46	—	$18.70	$99.16M	$161.81M	+63.18%	0.77%	+48.8 bps	1
MSFT	432,438	$255.35	—	$287.02	$110.42M	$124.12M	+12.40%	0.67%	+8.4 bps	1
NTB	3,698,930	$30.66	—	$33.87	$113.41M	$125.28M	+10.47%	0.67%	+7.0 bps	1
BAC	3,208,874	$35.07	—	$35.91	$112.54M	$115.23M	+2.40%	0.67%	+1.6 bps	1
DUSA	3,308,560	$28.29	—	$29.69	$93.6M	$98.23M	+4.95%	0.55%	+2.7 bps	1
PNC	493,789	$159.30	—	$171.94	$78.66M	$84.9M	+7.93%	0.46%	+3.7 bps	1
UNH	153,093	$478.80	—	$532.86	$73.3M	$81.58M	+11.29%	0.39%	+4.5 bps	1
SCHW	846,351	$64.95	—	$72.57	$54.97M	$61.42M	+11.73%	0.36%	+4.2 bps	1
DINT	3,898,825	$15.10	—	$16.80	$58.85M	$65.52M	+11.33%	0.35%	+3.9 bps	1
DFNL	2,043,955	$26.94	—	$28.18	$55.06M	$57.6M	+4.60%	0.32%	+1.5 bps	1
BIDU	470,655	$107.88	—	$139.38	$50.77M	$65.6M	+29.20%	0.31%	+9.2 bps	1
OC	666,296	$92.02	—	$90.22	$61.31M	$60.11M	-1.96%	0.31%	-0.6 bps	1
DWLD	1,925,400	$23.52	—	$25.46	$45.29M	$49.02M	+8.25%	0.27%	+2.2 bps	1
FWONK	726,767	$56.87	—	$65.86	$41.33M	$47.87M	+15.81%	0.26%	+4.1 bps	1
RKT	4,101,341	$7.93	—	$10.49	$32.52M	$43.02M	+32.28%	0.23%	+7.4 bps	1
FWONA	676,000	$51.82	—	$58.08	$35.03M	$39.26M	+12.08%	0.22%	+2.6 bps	1
CARR	829,265	$39.10	—	$43.05	$32.42M	$35.7M	+10.10%	0.19%	+1.9 bps	1
PLD	211,422	$123.93	—	$134.23	$26.2M	$28.38M	+8.31%	0.17%	+1.4 bps	1
JCI	509,952	$51.01	—	$56.36	$26.01M	$28.74M	+10.49%	0.17%	+1.8 bps	1
ETN	195,482	$141.75	—	$149.45	$27.71M	$29.21M	+5.43%	0.15%	+0.8 bps	1
WELL	245,210	$87.08	—	$81.23	$21.35M	$19.92M	-6.72%	0.12%	-0.8 bps	1
PSA	56,830	$314.14	—	$346.44	$17.85M	$19.69M	+10.28%	0.11%	+1.2 bps	1
IQ	4,800,514	$2.74	—	$3.88	$13.15M	$18.63M	+41.61%	0.11%	+4.6 bps	1
LBTYK	838,034	$22.88	—	$22.99	$19.17M	$19.27M	+0.48%	0.11%	+0.1 bps	1
CVS	208,424	$98.25	—	$104.25	$20.48M	$21.73M	+6.11%	0.11%	+0.7 bps	1
YOU	763,084	$24.88	—	$28.67	$18.99M	$21.88M	+15.23%	0.10%	+1.6 bps	1
NOAH	860,097	$16.26	—	$19.76	$13.99M	$17M	+21.53%	0.10%	+2.2 bps	1
ARE	96,217	$161.96	—	$166.97	$15.58M	$16.07M	+3.09%	0.10%	+0.3 bps	1
AVB	77,840	$204.09	—	$215.08	$15.89M	$16.74M	+5.38%	0.10%	+0.5 bps	1
AMT	76,830	$225.50	—	$273.95	$17.33M	$21.05M	+21.49%	0.10%	+2.1 bps	1
BRX	740,570	$22.91	—	$23.60	$16.97M	$17.48M	+3.01%	0.10%	+0.3 bps	1
HUM	43,825	$428.94	—	$484.07	$18.8M	$21.21M	+12.85%	0.10%	+1.2 bps	1
EQIX	25,708	$629.88	—	$689.31	$16.19M	$17.72M	+9.44%	0.10%	+0.9 bps	1
ORCL	223,403	$70.73	—	$77.16	$15.8M	$17.24M	+9.09%	0.09%	+0.8 bps	1
REXR	244,610	$66.52	—	$66.44	$16.27M	$16.25M	-0.12%	0.09%	-0.0 bps	1
EQR	195,705	$74.12	—	$78.63	$14.51M	$15.39M	+6.08%	0.09%	+0.5 bps	1
ESS	49,521	$292.22	—	$292.75	$14.47M	$14.5M	+0.18%	0.09%	+0.0 bps	1
SPG	129,990	$115.62	—	$114.07	$15.03M	$14.83M	-1.34%	0.09%	-0.1 bps	1
EG	55,492	$273.99	—	$271.22	$15.2M	$15.05M	-1.01%	0.08%	-0.1 bps	1
RTX	165,988	$91.48	—	$93.15	$15.18M	$15.46M	+1.83%	0.08%	+0.2 bps	1
TRNO	218,767	$62.64	—	$64.89	$13.7M	$14.2M	+3.59%	0.08%	+0.3 bps	1
DLR	109,835	$127.11	—	$129.03	$13.96M	$14.17M	+1.51%	0.08%	+0.1 bps	1
CCI	83,150	$172.05	—	$178.88	$14.31M	$14.87M	+3.97%	0.08%	+0.3 bps	1
CUZ	374,715	$33.35	—	$30.58	$12.5M	$11.46M	-8.31%	0.08%	-0.6 bps	1
FERG	102,469	$120.75	—	$126.07	$12.37M	$12.92M	+4.41%	0.07%	+0.3 bps	1
VTR	220,890	$53.59	—	$51.55	$11.84M	$11.39M	-3.81%	0.07%	-0.3 bps	1
SAP	113,252	$96.97	—	$95.24	$10.98M	$10.79M	-1.78%	0.06%	-0.1 bps	1
SHO	987,020	$11.30	—	$11.68	$11.15M	$11.53M	+3.36%	0.06%	+0.2 bps	1
FRT	89,450	$112.77	—	$109.85	$10.09M	$9.83M	-2.59%	0.06%	-0.1 bps	1
CPT	62,830	$144.22	—	$143.36	$9.06M	$9.01M	-0.60%	0.05%	-0.0 bps	1
EXR	48,580	$174.72	—	$207.45	$8.49M	$10.08M	+18.73%	0.05%	+0.9 bps	1
AMH	248,510	$35.93	—	$37.80	$8.93M	$9.39M	+5.20%	0.05%	+0.3 bps	1
DEI	297,360	$27.38	—	$22.63	$8.14M	$6.73M	-17.35%	0.05%	-0.9 bps	1
MTB	55,975	$165.73	—	$186.87	$9.28M	$10.46M	+12.76%	0.05%	+0.6 bps	1
BXP	73,000	$111.10	—	$89.72	$8.11M	$6.55M	-19.24%	0.05%	-0.9 bps	1
UDR	158,320	$47.94	—	$49.19	$7.59M	$7.79M	+2.61%	0.05%	+0.1 bps	1
HIW	180,640	$38.29	—	$35.35	$6.92M	$6.39M	-7.68%	0.04%	-0.3 bps	1
STT	67,412	$67.62	—	$73.51	$4.56M	$4.96M	+8.71%	0.03%	+0.3 bps	1
HPP	208,243	$20.53	—	$15.37	$4.28M	$3.2M	-25.13%	0.03%	-0.7 bps	1
NTST	251,230	$20.02	—	$20.50	$5.03M	$5.15M	+2.40%	0.03%	+0.1 bps	1
SUI	31,950	$157.45	—	$168.01	$5.03M	$5.37M	+6.71%	0.03%	+0.2 bps	1
VNO	105,270	$34.25	—	$30.51	$3.61M	$3.21M	-10.92%	0.02%	-0.3 bps	1
VICI	155,340	$27.44	—	$34.82	$4.26M	$5.41M	+26.90%	0.02%	+0.6 bps	1
SLG	53,031	$63.83	—	$51.02	$3.38M	$2.71M	-20.07%	0.02%	-0.4 bps	1
CUBE	59,740	$42.07	—	$49.47	$2.51M	$2.96M	+17.59%	0.02%	+0.3 bps	1
NVS	32,656	$85.38	—	$85.58	$2.79M	$2.79M	+0.23%	0.01%	+0.0 bps	1
COLD	89,040	$25.22	—	$32.14	$2.25M	$2.86M	+27.44%	0.01%	+0.3 bps	1
DXC	57,665	$28.12	—	$26.31	$1.62M	$1.52M	-6.44%	0.01%	-0.1 bps	1
TFC	30,318	$46.47	—	$51.02	$1.41M	$1.55M	+9.79%	0.01%	+0.1 bps	1
IVE	7,749	$143.94	—	$147.83	$1.12M	$1.15M	+2.70%	0.01%	+0.0 bps	1
TCOM	49,106	$19.49	—	$25.94	$957.08K	$1.27M	+33.09%	0.01%	+0.2 bps	1
LRCX	1,228	$460.43	—	$497.46	$565.41K	$610.88K	+8.04%	0.00%	+0.0 bps	1
DIDIY	—	—	—	—	—	—	—	0.58%	—	0
HOLI	—	—	—	—	—	—	—	0.52%	—	0
VMEO	—	—	—	—	—	—	—	0.33%	—	0
Y	—	—	—	—	—	—	—	0.32%	—	0
ACC	—	—	—	—	—	—	—	0.11%	—	0
VRM	—	—	—	—	—	—	—	0.10%	—	0
PEAK	—	—	—	—	—	—	—	0.05%	—	0
ROIC	—	—	—	—	—	—	—	0.05%	—	0
HST	—	—	—	—	—	—	—	0.05%	—	0
HTA	—	—	—	—	—	—	—	0.04%	—	0
VMW	—	—	—	—	—	—	—	0.04%	—	0
GLRE	—	—	—	—	—	—	—	0.04%	—	0
MF	—	—	—	—	—	—	—	0.03%	—	0
IIPR	—	—	—	—	—	—	—	0.03%	—	0
CTT	—	—	—	—	—	—	—	0.02%	—	0
LSI	—	—	—	—	—	—	—	0.02%	—	0
STOR	—	—	—	—	—	—	—	0.02%	—	0
CIH	—	—	—	—	—	—	—	0.02%	—	0
AKR	—	—	—	—	—	—	—	0.02%	—	0
RADI	—	—	—	—	—	—	—	0.01%	—	0
LTRPA	—	—	—	—	—	—	—	0.00%	—	0
SKX	—	—	—	—	—	—	—	0.00%	—	0
SFUNY	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$5.54B	$5.71B	+3.05%
Total(98)					$16.68B	$17.28B	+3.60%

2022-02-11 → 2022-05-12

97 of 120 priced96.63% coverage

-17.65%

Holdings from Q4 2021 disclosure · accession 0001567619-22-003440 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
WFCTOP 5	38,310,651	$58.31	—	$41.81	$2.23B	$1.6B	-28.30%	8.54%	-241.7 bps	1
COFTOP 5	11,784,369	$156.00	—	$114.15	$1.84B	$1.35B	-26.83%	7.95%	-213.1 bps	1
AMATTOP 5	8,400,643	$132.49	—	$106.76	$1.11B	$896.85M	-19.42%	6.14%	-119.3 bps	1
BRK/ATOP 5	2,426	$479370.00	—	$461631.00	$1.16B	$1.12B	-3.70%	5.08%	-18.8 bps	1
USBTOP 5	17,822,958	$58.55	—	$48.59	$1.04B	$866.02M	-17.01%	4.65%	-79.1 bps	1
AMZN	277,198	$3065.87	—	$2138.61	$849.85M	$592.82M	-30.24%	4.29%	-129.9 bps	1
META	2,656,203	$219.55	—	$191.24	$583.17M	$507.97M	-12.89%	4.15%	-53.5 bps	1
INTC	16,759,875	$47.63	—	$42.84	$798.27M	$717.99M	-10.06%	4.01%	-40.3 bps	1
BK	14,731,986	$62.33	—	$42.81	$918.24M	$630.68M	-31.32%	3.98%	-124.5 bps	1
GOOG	284,102	$2682.60	—	$2263.22	$762.13M	$642.99M	-15.63%	3.82%	-59.7 bps	1
CI	3,366,917	$227.50	—	$260.03	$765.97M	$875.5M	+14.30%	3.59%	+51.4 bps	1
JPM	4,869,065	$153.92	—	$118.04	$749.45M	$574.74M	-23.31%	3.58%	-83.5 bps	1
GOOGL	261,397	$2685.65	—	$2256.88	$702.02M	$589.94M	-15.97%	3.52%	-56.2 bps	1
TXN	3,241,083	$164.40	—	$165.90	$532.83M	$537.7M	+0.91%	2.84%	+2.6 bps	1
VTRS	44,868,651	$15.17	—	$10.85	$680.66M	$486.82M	-28.48%	2.82%	-80.3 bps	1
JD	7,551,882	$73.98	—	$48.67	$558.69M	$367.55M	-34.21%	2.46%	-84.1 bps	1
BRK/B	1,489,321	$319.14	—	$308.06	$475.3M	$458.8M	-3.47%	2.07%	-7.2 bps	1
AXP	2,682,510	$191.81	—	$153.27	$514.53M	$411.15M	-20.09%	2.04%	-41.0 bps	1
BABA	3,202,757	$122.25	—	$81.09	$391.54M	$259.71M	-33.67%	1.77%	-59.5 bps	1
CB	1,829,777	$204.06	—	$205.44	$373.38M	$375.91M	+0.68%	1.64%	+1.1 bps	1
DGX	2,006,628	$132.37	—	$136.09	$265.62M	$273.08M	+2.81%	1.61%	+4.5 bps	1
IAC	2,112,392	$133.36	—	$76.84	$281.71M	$162.32M	-42.38%	1.28%	-54.4 bps	1
MKL	219,505	$1242.00	—	$1291.06	$272.63M	$283.39M	+3.95%	1.26%	+5.0 bps	1
TECK	8,604,918	$36.43	—	$35.64	$313.48M	$306.68M	-2.17%	1.15%	-2.5 bps	1
DAR	3,159,389	$65.21	—	$71.86	$206.02M	$227.03M	+10.20%	1.02%	+10.4 bps	1
MSFT	444,003	$295.04	—	$255.35	$131M	$113.38M	-13.45%	0.69%	-9.3 bps	1
BAC	3,339,702	$47.92	—	$35.07	$160.04M	$117.12M	-26.82%	0.69%	-18.5 bps	1
NTB	3,883,140	$38.01	—	$30.66	$147.6M	$119.06M	-19.34%	0.69%	-13.3 bps	1
L	2,527,139	$61.64	—	$61.94	$155.77M	$156.53M	+0.49%	0.68%	+0.3 bps	1
CPNG	4,094,836	$22.55	—	$11.46	$92.34M	$46.93M	-49.18%	0.56%	-27.5 bps	1
DUSA	3,272,642	$34.61	—	$28.29	$113.27M	$92.58M	-18.26%	0.52%	-9.5 bps	1
PNC	495,433	$207.36	—	$159.30	$102.73M	$78.92M	-23.18%	0.46%	-10.7 bps	1
BIDU	646,474	$160.64	—	$107.88	$103.85M	$69.74M	-32.84%	0.45%	-14.7 bps	1
UNH	178,719	$478.13	—	$478.80	$85.45M	$85.57M	+0.14%	0.42%	+0.1 bps	1
DINT	3,837,929	$19.62	—	$15.10	$75.3M	$57.93M	-23.06%	0.35%	-8.0 bps	1
SCHW	852,241	$89.11	—	$64.95	$75.94M	$55.35M	-27.11%	0.33%	-9.0 bps	1
DFNL	2,019,293	$32.61	—	$26.94	$65.85M	$54.4M	-17.39%	0.29%	-5.0 bps	1
OC	671,766	$89.24	—	$92.02	$59.95M	$61.82M	+3.12%	0.28%	+0.9 bps	1
DWLD	1,893,720	$29.82	—	$23.52	$56.47M	$44.54M	-21.13%	0.26%	-5.4 bps	1
FWONK	765,148	$60.39	—	$56.87	$46.21M	$43.51M	-5.83%	0.22%	-1.3 bps	1
CARR	849,655	$45.50	—	$39.10	$38.66M	$33.22M	-14.07%	0.21%	-3.0 bps	1
JCI	519,206	$66.45	—	$51.01	$34.5M	$26.48M	-23.24%	0.20%	-4.6 bps	1
FWONA	703,340	$55.44	—	$51.82	$39M	$36.44M	-6.54%	0.19%	-1.3 bps	1
RTX	482,682	$95.27	—	$91.48	$45.99M	$44.16M	-3.98%	0.19%	-0.8 bps	1
PLD	224,282	$146.31	—	$123.93	$32.81M	$27.8M	-15.30%	0.18%	-2.7 bps	1
ETN	199,860	$150.66	—	$141.75	$30.11M	$28.33M	-5.91%	0.16%	-0.9 bps	1
RKT	2,399,153	$12.26	—	$7.93	$29.41M	$19.03M	-35.32%	0.16%	-5.5 bps	1
NOAH	914,475	$30.59	—	$16.26	$27.97M	$14.87M	-46.85%	0.13%	-6.1 bps	1
YOU	772,002	$28.27	—	$24.88	$21.82M	$19.21M	-11.99%	0.11%	-1.3 bps	1
LBTYK	852,124	$27.91	—	$22.88	$23.78M	$19.5M	-18.02%	0.11%	-2.0 bps	1
IQ	5,071,337	$4.29	—	$2.74	$21.76M	$13.9M	-36.13%	0.11%	-3.9 bps	1
REXR	282,410	$69.85	—	$66.52	$19.73M	$18.79M	-4.77%	0.11%	-0.5 bps	1
AMT	75,980	$236.90	—	$225.50	$18M	$17.13M	-4.81%	0.10%	-0.5 bps	1
CVS	213,733	$104.24	—	$98.25	$22.28M	$21M	-5.75%	0.10%	-0.6 bps	1
EQIX	26,068	$671.52	—	$629.88	$17.51M	$16.42M	-6.20%	0.10%	-0.6 bps	1
TRNO	254,357	$70.31	—	$62.64	$17.88M	$15.93M	-10.91%	0.10%	-1.1 bps	1
PSA	57,510	$358.17	—	$314.14	$20.6M	$18.07M	-12.29%	0.10%	-1.2 bps	1
WELL	247,840	$80.11	—	$87.08	$19.85M	$21.58M	+8.70%	0.10%	+0.9 bps	1
SPG	131,970	$141.83	—	$115.62	$18.72M	$15.26M	-18.48%	0.10%	-1.8 bps	1
HUM	44,965	$423.97	—	$428.94	$19.06M	$19.29M	+1.17%	0.10%	+0.1 bps	1
IVE	132,773	$153.49	—	$143.94	$20.38M	$19.11M	-6.22%	0.10%	-0.6 bps	1
ORCL	237,597	$79.75	—	$70.73	$18.95M	$16.81M	-11.31%	0.10%	-1.1 bps	1
AVB	76,780	$240.67	—	$204.09	$18.48M	$15.67M	-15.20%	0.09%	-1.4 bps	1
DLR	108,585	$136.29	—	$127.11	$14.8M	$13.8M	-6.74%	0.09%	-0.6 bps	1
FERG	106,795	$147.90	—	$120.75	$15.79M	$12.9M	-18.36%	0.09%	-1.6 bps	1
BRX	729,790	$25.19	—	$22.91	$18.38M	$16.72M	-9.05%	0.09%	-0.8 bps	1
ARE	81,567	$185.65	—	$161.96	$15.14M	$13.21M	-12.76%	0.08%	-1.1 bps	1
EQR	193,025	$86.38	—	$74.12	$16.67M	$14.31M	-14.19%	0.08%	-1.2 bps	1
ESS	48,811	$318.69	—	$292.22	$15.56M	$14.26M	-8.31%	0.08%	-0.7 bps	1
SAP	115,688	$120.34	—	$96.97	$13.92M	$11.22M	-19.42%	0.08%	-1.5 bps	1
CCI	74,640	$168.88	—	$172.05	$12.61M	$12.84M	+1.88%	0.07%	+0.1 bps	1
EG	55,940	$294.93	—	$273.99	$16.5M	$15.33M	-7.10%	0.07%	-0.5 bps	1
CUZ	369,135	$38.26	—	$33.35	$14.12M	$12.31M	-12.83%	0.07%	-0.9 bps	1
FRT	88,350	$120.23	—	$112.77	$10.62M	$9.96M	-6.20%	0.06%	-0.3 bps	1
SHO	976,160	$11.47	—	$11.30	$11.2M	$11.03M	-1.48%	0.05%	-0.1 bps	1
VTR	218,170	$50.74	—	$53.59	$11.07M	$11.69M	+5.62%	0.05%	+0.3 bps	1
CPT	61,570	$165.94	—	$144.22	$10.22M	$8.88M	-13.09%	0.05%	-0.7 bps	1
EXR	47,860	$196.92	—	$174.72	$9.42M	$8.36M	-11.27%	0.05%	-0.6 bps	1
AMH	245,510	$38.77	—	$35.93	$9.52M	$8.82M	-7.33%	0.05%	-0.4 bps	1
DEI	293,430	$31.24	—	$27.38	$9.17M	$8.03M	-12.36%	0.05%	-0.6 bps	1
UDR	156,780	$55.26	—	$47.94	$8.66M	$7.52M	-13.25%	0.04%	-0.6 bps	1
MTB	56,995	$182.30	—	$165.73	$10.39M	$9.45M	-9.09%	0.04%	-0.4 bps	1
BXP	71,860	$117.67	—	$111.10	$8.46M	$7.98M	-5.58%	0.04%	-0.2 bps	1
HIW	178,580	$42.16	—	$38.29	$7.53M	$6.84M	-9.18%	0.04%	-0.3 bps	1
HPP	316,873	$24.08	—	$20.53	$7.63M	$6.51M	-14.74%	0.04%	-0.5 bps	1
SUI	31,530	$191.43	—	$157.45	$6.04M	$4.96M	-17.75%	0.03%	-0.5 bps	1
STT	68,480	$99.17	—	$67.62	$6.79M	$4.63M	-31.81%	0.03%	-0.9 bps	1
VICI	152,930	$28.25	—	$27.44	$4.32M	$4.2M	-2.87%	0.02%	-0.1 bps	1
VNO	103,840	$41.31	—	$34.25	$4.29M	$3.56M	-17.09%	0.02%	-0.3 bps	1
NVS	43,035	$85.57	—	$85.38	$3.68M	$3.67M	-0.22%	0.02%	-0.0 bps	1
SLGZZZZ	52,492	$77.40	—	$63.83	$4.06M	$3.35M	-17.53%	0.02%	-0.3 bps	1
COLD	87,230	$28.12	—	$25.22	$2.45M	$2.2M	-10.31%	0.01%	-0.1 bps	1
DXC	57,665	$36.84	—	$28.12	$2.12M	$1.62M	-23.67%	0.01%	-0.2 bps	1
TFC	31,650	$63.58	—	$46.47	$2.01M	$1.47M	-26.91%	0.01%	-0.2 bps	1
TCOM	64,741	$29.14	—	$19.49	$1.89M	$1.26M	-33.12%	0.01%	-0.2 bps	1
LRCX	1,228	$559.99	—	$460.43	$687.67K	$565.41K	-17.78%	0.00%	-0.1 bps	1
KMX	3,760	$108.48	—	$91.26	$407.88K	$343.14K	-15.87%	0.00%	-0.0 bps	1
DIDIY	—	—	—	—	—	—	—	1.10%	—	0
VMEO	—	—	—	—	—	—	—	0.45%	—	0
HOLI	—	—	—	—	—	—	—	0.45%	—	0
VRM	—	—	—	—	—	—	—	0.35%	—	0
Y	—	—	—	—	—	—	—	0.24%	—	0
MF	—	—	—	—	—	—	—	0.14%	—	0
QUOT	—	—	—	—	—	—	—	0.13%	—	0
ACC	—	—	—	—	—	—	—	0.10%	—	0
PEAK	—	—	—	—	—	—	—	0.05%	—	0
ROIC	—	—	—	—	—	—	—	0.05%	—	0
HTA	—	—	—	—	—	—	—	0.04%	—	0
HST	—	—	—	—	—	—	—	0.04%	—	0
LSI	—	—	—	—	—	—	—	0.04%	—	0
GLRE	—	—	—	—	—	—	—	0.04%	—	0
VMW	—	—	—	—	—	—	—	0.04%	—	0
STOR	—	—	—	—	—	—	—	0.03%	—	0
CTT	—	—	—	—	—	—	—	0.02%	—	0
AKR	—	—	—	—	—	—	—	0.02%	—	0
CIH	—	—	—	—	—	—	—	0.02%	—	0
CONE	—	—	—	—	—	—	—	0.02%	—	0
IWV	—	—	—	—	—	—	—	0.01%	—	0
LTRPA	—	—	—	—	—	—	—	0.00%	—	0
SFUNY	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$7.39B	$5.83B	-21.13%
Total(97)					$20.74B	$17.08B	-17.65%

2021-11-12 → 2022-02-11

100 of 120 priced95.50% coverage

-3.76%

Holdings from Q3 2021 disclosure · accession 0001567619-21-019790 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
COFTOP 5	11,981,529	$156.80	—	$156.00	$1.88B	$1.87B	-0.51%	8.97%	-4.6 bps	1
WFCTOP 5	39,532,458	$50.96	—	$58.31	$2.01B	$2.31B	+14.42%	8.48%	+122.3 bps	1
AMATTOP 5	8,744,831	$156.82	—	$132.49	$1.37B	$1.16B	-15.51%	5.20%	-80.7 bps	1
USBTOP 5	17,893,269	$60.50	—	$58.55	$1.08B	$1.05B	-3.22%	4.92%	-15.8 bps	1
BRK/ATOP 5	2,437	$431575.00	—	$479370.00	$1.05B	$1.17B	+11.07%	4.63%	+51.3 bps	1
AMZN	278,993	$3525.15	—	$3065.87	$983.49M	$855.36M	-13.03%	4.24%	-55.2 bps	1
META	2,687,674	$340.89	—	$219.55	$916.2M	$590.08M	-35.60%	4.22%	-150.1 bps	1
JD	11,932,842	$85.95	—	$73.98	$1.03B	$882.79M	-13.93%	3.98%	-55.5 bps	1
JPM	4,980,647	$166.86	—	$153.92	$831.07M	$766.62M	-7.76%	3.77%	-29.2 bps	1
GOOG	290,077	$2992.91	—	$2682.60	$868.17M	$778.16M	-10.37%	3.57%	-37.1 bps	1
BK	14,776,642	$60.08	—	$62.33	$887.78M	$921.03M	+3.75%	3.54%	+13.3 bps	1
GOOGL	264,449	$2973.56	—	$2685.65	$786.35M	$710.22M	-9.68%	3.27%	-31.6 bps	1
INTC	13,098,323	$50.31	—	$47.63	$658.98M	$623.87M	-5.33%	3.23%	-17.2 bps	1
AXP	4,099,289	$181.89	—	$191.81	$745.62M	$786.28M	+5.45%	3.17%	+17.3 bps	1
CI	3,342,960	$217.73	—	$227.50	$727.86M	$760.52M	+4.49%	3.09%	+13.9 bps	1
TXN	3,268,663	$190.08	—	$164.40	$621.31M	$537.37M	-13.51%	2.90%	-39.2 bps	1
VTRS	43,735,795	$14.11	—	$15.17	$617.11M	$663.47M	+7.51%	2.74%	+20.6 bps	1
BRK/B	1,518,531	$285.99	—	$319.14	$434.28M	$484.62M	+11.59%	1.92%	+22.2 bps	1
DGX	2,742,956	$150.00	—	$132.37	$411.44M	$363.09M	-11.75%	1.84%	-21.7 bps	1
CB	1,837,733	$192.84	—	$204.06	$354.39M	$375.01M	+5.82%	1.47%	+8.6 bps	1
IAC	2,130,841	$136.61	—	$133.36	$291.09M	$284.17M	-2.38%	1.28%	-3.1 bps	1
MKL	220,001	$1289.73	—	$1242.00	$283.74M	$273.24M	-3.70%	1.22%	-4.5 bps	1
DAR	3,184,695	$76.62	—	$65.21	$244.01M	$207.67M	-14.89%	1.06%	-15.8 bps	1
BABA	1,288,199	$166.81	—	$122.25	$214.88M	$157.48M	-26.71%	0.88%	-23.6 bps	1
RTX	2,215,873	$88.86	—	$95.27	$196.9M	$211.11M	+7.21%	0.88%	+6.4 bps	1
BAC	3,349,842	$46.91	—	$47.92	$157.14M	$160.52M	+2.15%	0.66%	+1.4 bps	1
NTB	3,967,465	$39.82	—	$38.01	$157.98M	$150.8M	-4.55%	0.65%	-3.0 bps	1
L	2,543,809	$57.04	—	$61.64	$145.1M	$156.8M	+8.06%	0.63%	+5.1 bps	1
MSFT	449,640	$336.72	—	$295.04	$151.4M	$132.66M	-12.38%	0.59%	-7.3 bps	1
CPNG	4,199,082	$26.58	—	$22.55	$111.61M	$94.69M	-15.16%	0.54%	-8.2 bps	1
DUSA	3,253,975	$35.82	—	$34.61	$116.56M	$112.62M	-3.38%	0.51%	-1.7 bps	1
BIDU	665,620	$170.57	—	$160.64	$113.53M	$106.93M	-5.82%	0.47%	-2.8 bps	1
PNC	496,587	$203.61	—	$207.36	$101.11M	$102.97M	+1.84%	0.45%	+0.8 bps	1
DINT	3,794,802	$21.13	—	$19.62	$80.18M	$74.45M	-7.15%	0.35%	-2.5 bps	1
UNH	187,028	$458.99	—	$478.13	$85.84M	$89.42M	+4.17%	0.34%	+1.4 bps	1
CVS	779,200	$94.02	—	$104.24	$73.26M	$81.22M	+10.87%	0.31%	+3.3 bps	1
SCHW	855,141	$82.11	—	$89.11	$70.22M	$76.2M	+8.53%	0.29%	+2.5 bps	1
TECK	2,494,773	$28.52	—	$36.43	$71.15M	$90.88M	+27.73%	0.29%	+8.0 bps	1
DFNL	1,995,446	$32.42	—	$32.61	$64.69M	$65.07M	+0.59%	0.28%	+0.2 bps	1
OC	675,301	$94.94	—	$89.24	$64.11M	$60.26M	-6.00%	0.27%	-1.6 bps	1
DWLD	1,883,939	$31.54	—	$29.82	$59.42M	$56.18M	-5.45%	0.26%	-1.4 bps	1
CARR	903,815	$56.12	—	$45.50	$50.72M	$41.12M	-18.92%	0.22%	-4.1 bps	1
IQ	5,132,973	$9.09	—	$4.29	$46.66M	$22.02M	-52.81%	0.19%	-10.1 bps	1
FWONK	789,546	$56.64	—	$60.39	$44.72M	$47.68M	+6.62%	0.19%	+1.2 bps	1
RKT	2,428,674	$16.70	—	$12.26	$40.56M	$29.78M	-26.59%	0.18%	-4.8 bps	1
JCI	520,627	$78.20	—	$66.45	$40.71M	$34.6M	-15.03%	0.16%	-2.5 bps	1
NOAH	937,227	$46.37	—	$30.59	$43.46M	$28.67M	-34.03%	0.16%	-5.5 bps	1
FWONA	724,211	$51.33	—	$55.44	$37.17M	$40.15M	+8.02%	0.16%	+1.3 bps	1
PLD	266,652	$148.81	—	$146.31	$39.68M	$39.01M	-1.68%	0.15%	-0.3 bps	1
ETN	200,477	$171.80	—	$150.66	$34.44M	$30.2M	-12.30%	0.14%	-1.7 bps	1
LBTYK	854,964	$28.74	—	$27.91	$24.57M	$23.86M	-2.89%	0.12%	-0.3 bps	1
ORCL	267,512	$93.54	—	$79.75	$25.02M	$21.33M	-14.74%	0.11%	-1.6 bps	1
MTB	149,429	$159.87	—	$182.30	$23.89M	$27.24M	+14.03%	0.10%	+1.4 bps	1
YOU	503,579	$45.73	—	$28.27	$23.03M	$14.24M	-38.18%	0.10%	-3.7 bps	1
EQIX	25,978	$775.39	—	$671.52	$20.14M	$17.44M	-13.40%	0.09%	-1.3 bps	1
SPG	148,540	$164.80	—	$141.83	$24.48M	$21.07M	-13.94%	0.09%	-1.2 bps	1
REXR	329,930	$69.39	—	$69.85	$22.89M	$23.05M	+0.66%	0.09%	+0.1 bps	1
TRNO	287,847	$76.29	—	$70.31	$21.96M	$20.24M	-7.84%	0.08%	-0.7 bps	1
AVB	79,510	$241.01	—	$240.67	$19.16M	$19.14M	-0.14%	0.08%	-0.0 bps	1
HUM	45,311	$445.42	—	$423.97	$20.18M	$19.21M	-4.82%	0.08%	-0.4 bps	1
WELL	213,800	$85.55	—	$80.11	$18.29M	$17.13M	-6.36%	0.08%	-0.5 bps	1
AMT	65,750	$272.10	—	$236.90	$17.89M	$15.58M	-12.94%	0.08%	-1.0 bps	1
ESS	54,371	$346.43	—	$318.69	$18.84M	$17.33M	-8.01%	0.08%	-0.6 bps	1
BRX	783,030	$24.40	—	$25.19	$19.11M	$19.72M	+3.24%	0.08%	+0.3 bps	1
PSA	57,320	$329.18	—	$358.17	$18.87M	$20.53M	+8.81%	0.08%	+0.7 bps	1
SAP	124,796	$142.41	—	$120.34	$17.77M	$15.02M	-15.50%	0.08%	-1.2 bps	1
EQR	193,025	$86.44	—	$86.38	$16.69M	$16.67M	-0.07%	0.07%	-0.0 bps	1
FERG	108,985	$159.48	—	$147.90	$17.38M	$16.12M	-7.26%	0.07%	-0.5 bps	1
SHO	1,205,990	$12.51	—	$11.47	$15.09M	$13.83M	-8.31%	0.07%	-0.6 bps	1
EG	56,156	$274.15	—	$294.93	$15.4M	$16.56M	+7.58%	0.07%	+0.5 bps	1
CUZ	369,135	$39.95	—	$38.26	$14.75M	$14.12M	-4.23%	0.06%	-0.3 bps	1
TCOM	437,111	$30.93	—	$29.14	$13.52M	$12.74M	-5.79%	0.06%	-0.4 bps	1
DLR	92,155	$156.32	—	$136.29	$14.41M	$12.56M	-12.81%	0.06%	-0.8 bps	1
ARE	69,097	$205.55	—	$185.65	$14.2M	$12.83M	-9.68%	0.06%	-0.6 bps	1
FRT	97,750	$127.86	—	$120.23	$12.5M	$11.75M	-5.97%	0.05%	-0.3 bps	1
AMH	258,620	$39.93	—	$38.77	$10.33M	$10.03M	-2.91%	0.05%	-0.1 bps	1
DEI	293,430	$36.25	—	$31.24	$10.64M	$9.17M	-13.82%	0.04%	-0.6 bps	1
HPP	346,580	$26.82	—	$24.08	$9.3M	$8.35M	-10.22%	0.04%	-0.4 bps	1
CPT	61,570	$165.65	—	$165.94	$10.2M	$10.22M	+0.18%	0.04%	+0.0 bps	1
VTR	160,080	$54.56	—	$50.74	$8.73M	$8.12M	-7.00%	0.04%	-0.3 bps	1
EXR	47,860	$197.96	—	$196.92	$9.47M	$9.42M	-0.53%	0.04%	-0.0 bps	1
BXP	71,860	$118.00	—	$117.67	$8.48M	$8.46M	-0.28%	0.04%	-0.0 bps	1
HIW	176,940	$47.25	—	$42.16	$8.36M	$7.46M	-10.77%	0.04%	-0.4 bps	1
CCI	42,000	$180.78	—	$168.88	$7.59M	$7.09M	-6.58%	0.03%	-0.2 bps	1
COR	47,455	$125.34	—	$140.24	$5.95M	$6.66M	+11.89%	0.03%	+0.4 bps	1
UDR	115,870	$55.90	—	$55.26	$6.48M	$6.4M	-1.14%	0.03%	-0.0 bps	1
STT	69,212	$99.07	—	$99.17	$6.86M	$6.86M	+0.10%	0.03%	+0.0 bps	1
SUI	31,530	$192.82	—	$191.43	$6.08M	$6.04M	-0.72%	0.03%	-0.0 bps	1
VICI	152,930	$28.74	—	$28.25	$4.4M	$4.32M	-1.70%	0.02%	-0.0 bps	1
VNO	102,690	$45.53	—	$41.31	$4.68M	$4.24M	-9.27%	0.02%	-0.2 bps	1
SLGZZZZ	52,492	$78.43	—	$77.40	$4.12M	$4.06M	-1.32%	0.02%	-0.0 bps	1
NVS	44,968	$82.49	—	$85.57	$3.71M	$3.85M	+3.73%	0.02%	+0.1 bps	1
RHP	37,480	$91.56	—	$88.00	$3.43M	$3.3M	-3.89%	0.01%	-0.1 bps	1
TFC	52,316	$62.70	—	$63.58	$3.28M	$3.33M	+1.40%	0.01%	+0.0 bps	1
COLD	87,230	$29.80	—	$28.12	$2.6M	$2.45M	-5.64%	0.01%	-0.1 bps	1
DXC	67,379	$33.34	—	$36.84	$2.25M	$2.48M	+10.50%	0.01%	+0.1 bps	1
LRCX	2,455	$624.42	—	$559.99	$1.53M	$1.37M	-10.32%	0.01%	-0.1 bps	1
ULTA	3,080	$396.50	—	$362.17	$1.22M	$1.12M	-8.66%	0.01%	-0.0 bps	1
KMX	3,760	$148.81	—	$108.48	$559.53K	$407.88K	-27.10%	0.00%	-0.1 bps	1
IVE	1,894	$154.36	—	$153.49	$292.36K	$290.71K	-0.56%	0.00%	-0.0 bps	1
DIDIY	—	—	—	—	—	—	—	1.64%	—	0
VRM	—	—	—	—	—	—	—	0.74%	—	0
HOLI	—	—	—	—	—	—	—	0.66%	—	0
VMEO	—	—	—	—	—	—	—	0.47%	—	0
Y	—	—	—	—	—	—	—	0.22%	—	0
MF	—	—	—	—	—	—	—	0.12%	—	0
QUOT	—	—	—	—	—	—	—	0.10%	—	0
HST	—	—	—	—	—	—	—	0.09%	—	0
ACC	—	—	—	—	—	—	—	0.09%	—	0
VMW	—	—	—	—	—	—	—	0.05%	—	0
CONE	—	—	—	—	—	—	—	0.05%	—	0
PEAK	—	—	—	—	—	—	—	0.05%	—	0
ROIC	—	—	—	—	—	—	—	0.05%	—	0
HTA	—	—	—	—	—	—	—	0.04%	—	0
LSI	—	—	—	—	—	—	—	0.03%	—	0
GLRE	—	—	—	—	—	—	—	0.03%	—	0
CIH	—	—	—	—	—	—	—	0.03%	—	0
AKR	—	—	—	—	—	—	—	0.03%	—	0
LTRPA	—	—	—	—	—	—	—	0.00%	—	0
SFUNY	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$7.4B	$7.55B	+2.02%
Total(100)					$22.11B	$21.28B	-3.76%

2021-08-13 → 2021-11-12

98 of 119 priced94.25% coverage

+2.06%

Holdings from Q2 2021 disclosure · accession 0001567619-21-015442 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
COFTOP 5	14,585,733	$177.73	—	$156.80	$2.59B	$2.29B	-11.78%	9.27%	-109.2 bps	1
WFCTOP 5	40,873,138	$50.37	—	$50.96	$2.06B	$2.08B	+1.17%	7.61%	+8.9 bps	1
AMATTOP 5	9,006,379	$129.90	—	$156.82	$1.17B	$1.41B	+20.72%	5.27%	+109.2 bps	1
GOOGTOP 5	454,927	$2768.12	—	$2992.91	$1.26B	$1.36B	+8.12%	4.69%	+38.1 bps	1
AMZN	328,299	$3293.97	—	$3525.15	$1.08B	$1.16B	+7.02%	4.64%	+32.6 bps	1
METATOP 5	3,189,141	$363.18	—	$340.89	$1.16B	$1.09B	-6.14%	4.56%	-28.0 bps	1
USB	18,182,687	$58.22	—	$60.50	$1.06B	$1.1B	+3.92%	4.26%	+16.7 bps	1
BRK/A	2,455	$433124.00	—	$431575.00	$1.06B	$1.06B	-0.36%	4.22%	-1.5 bps	1
BABA	4,366,296	$188.62	—	$166.81	$823.57M	$728.34M	-11.56%	4.07%	-47.1 bps	1
JPM	5,705,379	$159.98	—	$166.86	$912.75M	$952M	+4.30%	3.65%	+15.7 bps	1
EDU	106,357,379	$1.97	—	$2.20	$209.52M	$233.99M	+11.68%	3.58%	+41.8 bps	1
AXP	4,917,390	$166.08	—	$181.89	$816.68M	$894.42M	+9.52%	3.34%	+31.8 bps	1
BK	15,117,609	$53.87	—	$60.08	$814.39M	$908.27M	+11.53%	3.18%	+36.7 bps	1
INTC	12,994,214	$53.49	—	$50.31	$695.06M	$653.74M	-5.95%	3.00%	-17.8 bps	1
GOOGL	266,498	$2754.55	—	$2973.56	$734.08M	$792.45M	+7.95%	2.67%	+21.3 bps	1
TXN	3,311,977	$188.70	—	$190.08	$624.97M	$629.54M	+0.73%	2.62%	+1.9 bps	1
VTRS	41,920,221	$14.95	—	$14.11	$626.71M	$591.49M	-5.62%	2.46%	-13.8 bps	1
BRK/B	1,538,419	$287.89	—	$285.99	$442.9M	$439.97M	-0.66%	1.76%	-1.2 bps	1
DGX	2,815,614	$148.22	—	$150.00	$417.33M	$422.34M	+1.20%	1.53%	+1.8 bps	1
IAC	2,139,086	$124.28	—	$136.61	$265.85M	$292.22M	+9.92%	1.36%	+13.4 bps	1
CB	1,863,653	$182.73	—	$192.84	$340.55M	$359.39M	+5.53%	1.22%	+6.7 bps	1
CI	1,164,735	$210.61	—	$217.73	$245.3M	$253.6M	+3.38%	1.13%	+3.8 bps	1
JD	3,356,852	$69.86	—	$85.95	$234.51M	$288.52M	+23.03%	1.10%	+25.4 bps	1
MKL	224,821	$1275.69	—	$1289.73	$286.8M	$289.96M	+1.10%	1.10%	+1.2 bps	1
RTX	2,253,821	$87.25	—	$88.86	$196.65M	$200.27M	+1.85%	0.79%	+1.5 bps	1
CPNG	4,023,541	$33.87	—	$26.58	$136.28M	$106.95M	-21.52%	0.69%	-14.9 bps	1
NTB	4,158,609	$34.60	—	$39.82	$143.89M	$165.6M	+15.09%	0.61%	+9.1 bps	1
BAC	3,520,291	$41.63	—	$46.91	$146.55M	$165.14M	+12.68%	0.60%	+7.6 bps	1
L	2,633,059	$55.64	—	$57.04	$146.5M	$150.19M	+2.52%	0.59%	+1.5 bps	1
MSFT	456,782	$292.85	—	$336.72	$133.77M	$153.81M	+14.98%	0.51%	+7.6 bps	1
DUSA	3,253,975	$35.48	—	$35.82	$115.46M	$116.56M	+0.95%	0.47%	+0.4 bps	1
PNC	533,400	$190.38	—	$203.61	$101.55M	$108.61M	+6.95%	0.42%	+2.9 bps	1
DAR	1,474,600	$78.49	—	$76.62	$115.74M	$112.98M	-2.38%	0.41%	-1.0 bps	1
BIDU	478,709	$152.45	—	$170.57	$72.98M	$81.65M	+11.89%	0.40%	+4.8 bps	1
TAL	3,583,276	$5.48	—	$4.40	$19.64M	$15.77M	-19.71%	0.37%	-7.3 bps	1
DINT	3,794,802	$20.68	—	$21.13	$78.48M	$80.18M	+2.18%	0.36%	+0.8 bps	1
IQ	5,138,170	$9.47	—	$9.09	$48.66M	$46.71M	-4.01%	0.33%	-1.3 bps	1
UNH	195,000	$409.67	—	$458.99	$79.89M	$89.5M	+12.04%	0.32%	+3.9 bps	1
CARR	1,432,778	$56.15	—	$56.12	$80.45M	$80.41M	-0.05%	0.29%	-0.0 bps	1
OC	698,066	$96.18	—	$94.94	$67.14M	$66.27M	-1.29%	0.28%	-0.4 bps	1
SCHW	911,202	$74.01	—	$82.11	$67.44M	$74.82M	+10.94%	0.27%	+3.0 bps	1
CVS	780,426	$84.36	—	$94.02	$65.84M	$73.38M	+11.45%	0.27%	+3.1 bps	1
DWLD	1,883,939	$31.39	—	$31.54	$59.15M	$59.42M	+0.46%	0.26%	+0.1 bps	1
DFNL	1,995,446	$31.50	—	$32.42	$62.86M	$64.69M	+2.92%	0.25%	+0.7 bps	1
RKT	2,576,921	$19.26	—	$16.70	$49.63M	$43.03M	-13.29%	0.20%	-2.7 bps	1
NOAH	957,006	$41.46	—	$46.37	$39.68M	$44.38M	+11.84%	0.19%	+2.2 bps	1
FWONK	796,898	$47.16	—	$56.64	$37.58M	$45.13M	+20.09%	0.16%	+3.2 bps	1
JCI	557,494	$72.82	—	$78.20	$40.6M	$43.6M	+7.39%	0.16%	+1.2 bps	1
PLD	308,422	$131.98	—	$148.81	$40.71M	$45.9M	+12.75%	0.15%	+1.9 bps	1
ETN	220,177	$167.62	—	$171.80	$36.91M	$37.83M	+2.49%	0.13%	+0.3 bps	1
FWONA	722,928	$40.59	—	$51.33	$29.35M	$37.11M	+26.44%	0.13%	+3.3 bps	1
PSA	83,260	$314.67	—	$329.18	$26.2M	$27.41M	+4.61%	0.10%	+0.5 bps	1
ORCL	299,724	$90.38	—	$93.54	$27.09M	$28.04M	+3.50%	0.10%	+0.3 bps	1
LBTYK	854,964	$29.32	—	$28.74	$25.07M	$24.57M	-1.98%	0.10%	-0.2 bps	1
ESS	70,961	$316.95	—	$346.43	$22.49M	$24.58M	+9.30%	0.09%	+0.8 bps	1
MTB	143,743	$139.94	—	$159.87	$20.12M	$22.98M	+14.24%	0.09%	+1.2 bps	1
EQIX	25,978	$814.09	—	$775.39	$21.15M	$20.14M	-4.75%	0.09%	-0.4 bps	1
WELL	245,050	$85.11	—	$85.55	$20.86M	$20.96M	+0.52%	0.08%	+0.0 bps	1
HUM	45,822	$410.77	—	$445.42	$18.82M	$20.41M	+8.44%	0.08%	+0.7 bps	1
AVB	97,150	$224.55	—	$241.01	$21.82M	$23.41M	+7.33%	0.08%	+0.6 bps	1
YOU	500,000	$52.46	—	$45.73	$26.23M	$22.87M	-12.83%	0.08%	-1.1 bps	1
SPG	149,550	$133.67	—	$164.80	$19.99M	$24.65M	+23.29%	0.08%	+1.9 bps	1
BRX	836,990	$23.56	—	$24.40	$19.72M	$20.42M	+3.57%	0.08%	+0.3 bps	1
FERG	135,797	$142.58	—	$159.48	$19.36M	$21.66M	+11.85%	0.08%	+0.9 bps	1
REXR	329,930	$61.49	—	$69.39	$20.29M	$22.89M	+12.85%	0.08%	+1.0 bps	1
TRNO	287,847	$67.49	—	$76.29	$19.43M	$21.96M	+13.04%	0.08%	+1.0 bps	1
SAP	125,225	$148.30	—	$142.41	$18.57M	$17.83M	-3.97%	0.07%	-0.3 bps	1
TCOM	460,149	$24.91	—	$30.93	$11.46M	$14.23M	+24.17%	0.07%	+1.6 bps	1
EQR	208,920	$82.66	—	$86.44	$17.27M	$18.06M	+4.57%	0.07%	+0.3 bps	1
EG	59,915	$272.92	—	$274.15	$16.35M	$16.43M	+0.45%	0.06%	+0.0 bps	1
HPP	539,160	$26.64	—	$26.82	$14.36M	$14.46M	+0.68%	0.06%	+0.0 bps	1
DLR	92,155	$159.10	—	$156.32	$14.66M	$14.41M	-1.75%	0.06%	-0.1 bps	1
ARE	69,097	$205.50	—	$205.55	$14.2M	$14.2M	+0.02%	0.05%	+0.0 bps	1
CUZ	329,165	$39.36	—	$39.95	$12.96M	$13.15M	+1.50%	0.05%	+0.1 bps	1
FRT	97,750	$120.00	—	$127.86	$11.73M	$12.5M	+6.55%	0.05%	+0.3 bps	1
BXP	95,270	$117.91	—	$118.00	$11.23M	$11.24M	+0.08%	0.04%	+0.0 bps	1
SHO	844,700	$11.24	—	$12.51	$9.49M	$10.57M	+11.30%	0.04%	+0.5 bps	1
EXR	63,560	$175.68	—	$197.96	$11.17M	$12.58M	+12.68%	0.04%	+0.5 bps	1
AMH	258,620	$40.96	—	$39.93	$10.59M	$10.33M	-2.51%	0.04%	-0.1 bps	1
DEI	290,860	$32.10	—	$36.25	$9.34M	$10.54M	+12.93%	0.04%	+0.5 bps	1
VTR	160,080	$57.09	—	$54.56	$9.14M	$8.73M	-4.43%	0.04%	-0.2 bps	1
CPT	61,570	$146.00	—	$165.65	$8.99M	$10.2M	+13.46%	0.03%	+0.5 bps	1
HIW	176,940	$45.90	—	$47.25	$8.12M	$8.36M	+2.94%	0.03%	+0.1 bps	1
COR	47,455	$119.57	—	$125.34	$5.67M	$5.95M	+4.83%	0.03%	+0.1 bps	1
STT	71,909	$90.79	—	$99.07	$6.53M	$7.12M	+9.12%	0.02%	+0.2 bps	1
UDR	115,870	$53.49	—	$55.90	$6.2M	$6.48M	+4.51%	0.02%	+0.1 bps	1
SLGZZZZ	69,292	$75.42	—	$78.43	$5.23M	$5.43M	+3.99%	0.02%	+0.1 bps	1
AMT	20,240	$282.92	—	$272.10	$5.73M	$5.51M	-3.82%	0.02%	-0.1 bps	1
SUI	31,530	$197.69	—	$192.82	$6.23M	$6.08M	-2.46%	0.02%	-0.1 bps	1
VNO	102,690	$42.69	—	$45.53	$4.38M	$4.68M	+6.65%	0.02%	+0.1 bps	1
VICI	152,930	$30.03	—	$28.74	$4.59M	$4.4M	-4.30%	0.02%	-0.1 bps	1
NVS	46,888	$93.83	—	$82.49	$4.4M	$3.87M	-12.09%	0.02%	-0.2 bps	1
TFC	51,632	$57.38	—	$62.70	$2.96M	$3.24M	+9.27%	0.01%	+0.1 bps	1
RHP	33,940	$79.87	—	$91.56	$2.71M	$3.11M	+14.64%	0.01%	+0.2 bps	1
DXC	67,379	$41.23	—	$33.34	$2.78M	$2.25M	-19.14%	0.01%	-0.2 bps	1
LRCX	2,455	$580.41	—	$624.42	$1.42M	$1.53M	+7.58%	0.01%	+0.1 bps	1
ULTA	3,080	$371.85	—	$396.50	$1.15M	$1.22M	+6.63%	0.00%	+0.0 bps	1
KMX	3,760	$128.09	—	$148.81	$481.62K	$559.53K	+16.18%	0.00%	+0.0 bps	1
DIDIY	—	—	—	—	—	—	—	2.28%	—	0
VRM	—	—	—	—	—	—	—	1.22%	—	0
VMEO	—	—	—	—	—	—	—	0.70%	—	0
HOLI	—	—	—	—	—	—	—	0.44%	—	0
Y	—	—	—	—	—	—	—	0.22%	—	0
MF	—	—	—	—	—	—	—	0.20%	—	0
QUOT	—	—	—	—	—	—	—	0.17%	—	0
HST	—	—	—	—	—	—	—	0.08%	—	0
ACC	—	—	—	—	—	—	—	0.06%	—	0
VMW	—	—	—	—	—	—	—	0.05%	—	0
LSI	—	—	—	—	—	—	—	0.05%	—	0
CONE	—	—	—	—	—	—	—	0.04%	—	0
PEAK	—	—	—	—	—	—	—	0.04%	—	0
GLRE	—	—	—	—	—	—	—	0.04%	—	0
CIH	—	—	—	—	—	—	—	0.04%	—	0
ROIC	—	—	—	—	—	—	—	0.04%	—	0
AKR	—	—	—	—	—	—	—	0.03%	—	0
HTA	—	—	—	—	—	—	—	0.02%	—	0
SIX	—	—	—	—	—	—	—	0.01%	—	0
LTRPA	—	—	—	—	—	—	—	0.01%	—	0
SFUNY	—	—	—	—	—	—	—	0.00%	—	0
Top 5 (by entry value)(5)					$8.24B	$8.23B	-0.09%
Total(98)					$22.74B	$23.21B	+2.06%