Christopher Davis

Davis Advisors · 12 closed periods in the current 3-year detail window (latest closed period: Q4 2025 → next disclosure, 106 priced positions, +4.90% 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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2026-02-02 → 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
COF	8,614,766	$223.68	—	$192.59	$1.93B	$1.66B	-13.90%	9.38%	-1.3 bps	1
USB	22,041,759	$57.36	—	$55.31	$1.26B	$1.22B	-3.57%	5.29%	-0.2 bps	1
META	1,752,974	$706.41	—	$616.81	$1.24B	$1.08B	-12.68%	5.20%	-0.7 bps	1
AMAT	4,201,298	$328.40	—	$410.64	$1.38B	$1.73B	+25.04%	4.85%	+1.2 bps	1
CVS	12,760,511	$75.42	—	$87.36	$962.4M	$1.11B	+15.83%	4.55%	+0.7 bps	1
MGM	26,820,202	$33.49	—	$38.11	$898.21M	$1.02B	+13.80%	4.40%	+0.6 bps	1
GOOGL	3,118,760	$343.69	—	$397.99	$1.07B	$1.24B	+15.80%	4.39%	+0.7 bps	1
VTRS	78,177,984	$13.68	—	$17.39	$1.07B	$1.36B	+27.12%	4.37%	+1.2 bps	1
MKL	415,160	$2033.99	—	$1799.97	$844.43M	$747.28M	-11.51%	4.01%	-0.5 bps	1
CTRA	32,537,508	$27.81	—	$32.56	$904.87M	$1.06B	+17.08%	3.85%	+0.7 bps	1
AMZN	3,429,262	$242.96	—	$271.17	$833.17M	$929.91M	+11.61%	3.56%	+0.4 bps	1
WFC	8,258,031	$92.27	—	$79.16	$761.97M	$653.71M	-14.21%	3.46%	-0.5 bps	1
TSN	12,827,540	$65.74	—	$67.94	$843.28M	$871.5M	+3.35%	3.38%	+0.1 bps	1
BRK-A	943	$729425.00	—	$716250.00	$687.85M	$675.42M	-1.81%	3.20%	-0.1 bps	1
TECK	12,019,609	$54.56	—	$60.76	$655.79M	$730.31M	+11.36%	2.59%	+0.3 bps	1
TXN	2,853,227	$225.01	—	$285.24	$642M	$813.85M	+26.77%	2.22%	+0.6 bps	1
SOLV	6,220,072	$76.91	—	$71.65	$478.39M	$445.67M	-6.84%	2.22%	-0.2 bps	1
UNH	1,273,400	$285.59	—	$369.74	$363.67M	$470.83M	+29.47%	1.89%	+0.6 bps	1
BRK-B	739,875	$487.29	—	$475.08	$360.53M	$351.5M	-2.51%	1.67%	-0.0 bps	1
CB	1,186,647	$311.25	—	$321.28	$369.34M	$381.25M	+3.22%	1.66%	+0.1 bps	1
TCOM	5,053,389	$62.01	—	$53.37	$313.36M	$269.7M	-13.93%	1.63%	-0.2 bps	1
PINS	11,801,983	$22.00	—	$21.55	$259.64M	$254.33M	-2.05%	1.37%	-0.0 bps	1
DGX	1,589,883	$185.00	—	$190.84	$294.13M	$303.41M	+3.16%	1.24%	+0.0 bps	1
QSR	4,020,791	$66.98	—	$79.14	$269.31M	$318.21M	+18.15%	1.23%	+0.2 bps	1
OC	2,046,583	$122.17	—	$121.81	$250.03M	$249.29M	-0.29%	1.03%	-0.0 bps	1
GOOG	710,963	$344.90	—	$395.30	$245.21M	$281.04M	+14.61%	1.00%	+0.1 bps	1
AGCO	2,048,835	$114.67	—	$117.71	$234.94M	$241.17M	+2.65%	0.96%	+0.0 bps	1
CI	752,852	$271.54	—	$284.04	$204.43M	$213.84M	+4.60%	0.93%	+0.0 bps	1
YMM	17,537,524	$10.14	—	$8.92	$177.83M	$156.43M	-12.03%	0.85%	-0.1 bps	1
JPM	571,586	$308.14	—	$306.27	$176.13M	$175.06M	-0.61%	0.83%	-0.0 bps	1
DUSA	3,384,566	$52.88	—	$55.66	$178.98M	$188.38M	+5.26%	0.78%	+0.0 bps	1
JBS	11,854,741	$15.72	—	$16.32	$186.36M	$193.47M	+3.82%	0.77%	+0.0 bps	1
COP	1,797,887	$101.79	—	$114.88	$183.01M	$206.54M	+12.86%	0.76%	+0.1 bps	1
APP	247,981	$483.00	—	$498.87	$119.77M	$123.71M	+3.29%	0.75%	+0.0 bps	1
FITB	2,744,310	$51.95	—	$49.67	$142.57M	$136.31M	-4.39%	0.58%	-0.0 bps	1
DINT	3,892,451	$29.20	—	$29.40	$113.65M	$114.44M	+0.70%	0.50%	+0.0 bps	1
PNC	530,089	$227.63	—	$219.29	$120.66M	$116.24M	-3.66%	0.50%	-0.0 bps	1
DFNL	2,130,361	$48.43	—	$46.55	$103.17M	$99.17M	-3.88%	0.46%	-0.0 bps	1
DAR	2,842,306	$47.35	—	$62.27	$134.58M	$176.99M	+31.51%	0.46%	+0.1 bps	1
IAC	2,514,072	$37.02	—	$43.12	$93.07M	$108.41M	+16.48%	0.44%	+0.1 bps	1
AXP	241,700	$352.83	—	$318.69	$85.28M	$77.03M	-9.68%	0.40%	-0.0 bps	1
DWLD	1,917,460	$46.88	—	$47.84	$89.89M	$91.74M	+2.06%	0.40%	+0.0 bps	1
WCC	364,502	$297.80	—	$350.88	$108.55M	$127.9M	+17.82%	0.40%	+0.1 bps	1
RNR	229,739	$284.50	—	$300.84	$65.36M	$69.11M	+5.74%	0.29%	+0.0 bps	1
BAC	1,149,873	$54.03	—	$52.75	$62.13M	$60.66M	-2.37%	0.28%	-0.0 bps	1
L	600,046	$105.78	—	$104.41	$63.47M	$62.65M	-1.30%	0.28%	-0.0 bps	1
RKT	3,227,910	$18.77	—	$14.15	$60.59M	$45.67M	-24.61%	0.28%	-0.1 bps	1
CHYM	2,472,106	$24.03	—	$19.01	$59.4M	$46.99M	-20.89%	0.28%	-0.1 bps	1
BK	521,722	$121.61	—	$130.69	$63.45M	$68.18M	+7.47%	0.27%	+0.0 bps	1
NTES	426,164	$129.08	—	$117.11	$55.01M	$49.91M	-9.27%	0.26%	-0.0 bps	1
SE	436,534	$113.59	—	$88.64	$49.59M	$38.69M	-21.97%	0.25%	-0.1 bps	1
NTB	1,053,710	$52.80	—	$56.21	$55.64M	$59.23M	+6.46%	0.24%	+0.0 bps	1
EG	118,017	$331.76	—	$351.73	$39.15M	$41.51M	+6.02%	0.18%	+0.0 bps	1
FI	568,982	$62.94	—	$56.81	$35.81M	$32.32M	-9.74%	0.17%	-0.0 bps	1
VALE	2,931,198	$16.14	—	$16.19	$47.31M	$47.46M	+0.31%	0.17%	+0.0 bps	1
SCHW	301,695	$105.17	—	$89.50	$31.73M	$27M	-14.90%	0.14%	-0.0 bps	1
MSFT	60,801	$423.37	—	$420.77	$25.74M	$25.58M	-0.61%	0.13%	-0.0 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%	+0.0 bps	1
JCI	209,960	$122.98	—	$139.25	$25.82M	$29.24M	+13.23%	0.11%	+0.0 bps	1
PLD	180,126	$129.68	—	$142.29	$23.36M	$25.63M	+9.72%	0.10%	+0.0 bps	1
NVDA	111,038	$185.61	—	$211.50	$20.61M	$23.48M	+13.95%	0.09%	+0.0 bps	1
STT	143,773	$132.58	—	$148.78	$19.06M	$21.39M	+12.22%	0.08%	+0.0 bps	1
EQIX	20,773	$810.38	—	$1066.76	$16.83M	$22.16M	+31.64%	0.07%	+0.0 bps	1
BXP	233,910	$63.06	—	$59.46	$14.75M	$13.91M	-5.71%	0.07%	-0.0 bps	1
ORCL	79,416	$160.06	—	$194.59	$12.71M	$15.45M	+21.57%	0.07%	+0.0 bps	1
BRX	555,970	$26.51	—	$30.09	$14.74M	$16.73M	+13.50%	0.07%	+0.0 bps	1
AVB	78,840	$175.32	—	$185.79	$13.82M	$14.65M	+5.97%	0.06%	+0.0 bps	1
SAP	56,347	$207.23	—	$174.71	$11.68M	$9.84M	-15.69%	0.06%	-0.0 bps	1
REXR	344,830	$40.29	—	$36.09	$13.89M	$12.44M	-10.42%	0.06%	-0.0 bps	1
CUZ	499,615	$24.84	—	$26.25	$12.41M	$13.11M	+5.68%	0.06%	+0.0 bps	1
ANGI	948,993	$12.75	—	$5.24	$12.1M	$4.97M	-58.90%	0.06%	-0.0 bps	1
DLR	79,250	$165.11	—	$194.78	$13.08M	$15.44M	+17.97%	0.06%	+0.0 bps	1
SPG	66,183	$191.22	—	$201.40	$12.66M	$13.33M	+5.32%	0.06%	+0.0 bps	1
SHO	1,279,610	$8.73	—	$10.35	$11.17M	$13.24M	+18.56%	0.05%	+0.0 bps	1
PSA	43,520	$271.81	—	$309.33	$11.83M	$13.46M	+13.80%	0.05%	+0.0 bps	1
MTB	55,846	$225.54	—	$213.02	$12.6M	$11.9M	-5.55%	0.05%	-0.0 bps	1
AMT	63,970	$173.70	—	$179.77	$11.11M	$11.5M	+3.49%	0.05%	+0.0 bps	1
NOAH	1,021,585	$11.84	—	$10.82	$12.1M	$11.05M	-8.61%	0.05%	-0.0 bps	1
CPT	86,930	$107.30	—	$104.07	$9.33M	$9.05M	-3.01%	0.04%	-0.0 bps	1
JD	329,221	$28.53	—	$30.21	$9.39M	$9.95M	+5.89%	0.04%	+0.0 bps	1
TFC	192,053	$52.66	—	$49.74	$10.11M	$9.55M	-5.55%	0.04%	-0.0 bps	1
REG	136,650	$71.98	—	$77.86	$9.84M	$10.64M	+8.17%	0.04%	+0.0 bps	1
EGP	51,630	$180.44	—	$203.89	$9.32M	$10.53M	+13.00%	0.04%	+0.0 bps	1
AMH	278,610	$30.80	—	$32.42	$8.58M	$9.03M	+5.26%	0.04%	+0.0 bps	1
VTR	114,410	$77.41	—	$86.55	$8.86M	$9.9M	+11.81%	0.04%	+0.0 bps	1
ARE	178,127	$54.15	—	$45.58	$9.65M	$8.12M	-15.83%	0.04%	-0.0 bps	1
MAA	59,380	$132.31	—	$130.36	$7.86M	$7.74M	-1.47%	0.04%	-0.0 bps	1
TRNO	117,937	$61.56	—	$66.54	$7.26M	$7.85M	+8.09%	0.03%	+0.0 bps	1
EQR	104,515	$61.61	—	$65.86	$6.44M	$6.88M	+6.90%	0.03%	+0.0 bps	1
VICI	216,240	$27.95	—	$28.79	$6.04M	$6.23M	+3.01%	0.03%	+0.0 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%	+0.0 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%	+0.0 bps	1
CCI	42,160	$84.96	—	$91.07	$3.58M	$3.84M	+7.19%	0.02%	+0.0 bps	1
EXR	27,955	$135.20	—	$143.27	$3.78M	$4.01M	+5.97%	0.02%	+0.0 bps	1
HPP	324,026	$8.67	—	$11.77	$2.81M	$3.81M	+35.76%	0.02%	+0.0 bps	1
DEI	309,810	$10.34	—	$12.03	$3.2M	$3.73M	+16.34%	0.02%	+0.0 bps	1
NTST	189,600	$18.58	—	$20.36	$3.52M	$3.86M	+9.58%	0.02%	+0.0 bps	1
CUBE	90,930	$37.05	—	$40.25	$3.37M	$3.66M	+8.64%	0.01%	+0.0 bps	1
TSM	7,200	$341.36	—	$414.15	$2.46M	$2.98M	+21.32%	0.01%	+0.0 bps	1
LRCX	12,280	$237.50	—	$286.52	$2.92M	$3.52M	+20.64%	0.01%	+0.0 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
COF	8,380,117	$222.13	—	$223.68	$1.86B	$1.87B	+0.70%	9.30%	+0.1 bps	1
META	1,715,514	$609.01	—	$706.41	$1.04B	$1.21B	+15.99%	6.58%	+1.1 bps	1
AMAT	5,553,992	$230.73	—	$328.40	$1.28B	$1.82B	+42.33%	5.94%	+2.5 bps	1
USB	19,431,562	$47.89	—	$57.36	$930.58M	$1.11B	+19.77%	4.90%	+1.0 bps	1
CVS	11,403,641	$80.26	—	$75.42	$915.26M	$860.06M	-6.03%	4.49%	-0.3 bps	1
MGM	23,953,452	$33.17	—	$33.49	$794.54M	$802.2M	+0.96%	4.33%	+0.0 bps	1
BRK-A	998	$756363.00	—	$729425.00	$754.85M	$727.97M	-3.56%	3.93%	-0.1 bps	1
MKL	373,528	$2091.91	—	$2033.99	$781.39M	$759.75M	-2.77%	3.73%	-0.1 bps	1
AMZN	3,137,986	$244.20	—	$242.96	$766.3M	$762.41M	-0.51%	3.60%	-0.0 bps	1
VTRS	69,345,645	$11.01	—	$13.68	$763.5M	$948.65M	+24.25%	3.58%	+0.9 bps	1
GOOGL	2,770,594	$286.71	—	$343.69	$794.36M	$952.23M	+19.87%	3.52%	+0.7 bps	1
WFC	7,786,052	$86.26	—	$92.27	$671.62M	$718.42M	+6.97%	3.41%	+0.2 bps	1
TSN	9,962,127	$54.06	—	$65.74	$538.55M	$654.91M	+21.61%	2.82%	+0.6 bps	1
TECK	11,023,662	$43.73	—	$54.56	$482.06M	$601.45M	+24.77%	2.53%	+0.6 bps	1
CTRA	19,883,481	$26.13	—	$27.81	$519.56M	$552.96M	+6.43%	2.46%	+0.2 bps	1
TXN	2,317,408	$163.09	—	$225.01	$377.95M	$521.44M	+37.97%	2.22%	+0.8 bps	1
SOLV	5,517,611	$73.83	—	$76.91	$407.37M	$424.36M	+4.17%	2.10%	+0.1 bps	1
UNH	1,139,303	$339.06	—	$285.59	$386.29M	$325.37M	-15.77%	2.05%	-0.3 bps	1
TCOM	4,941,445	$74.59	—	$62.01	$368.58M	$306.42M	-16.87%	1.94%	-0.3 bps	1
CB	1,070,445	$294.93	—	$311.25	$315.71M	$333.18M	+5.53%	1.58%	+0.1 bps	1
BRK-B	533,948	$502.40	—	$487.29	$268.26M	$260.19M	-3.01%	1.40%	-0.0 bps	1
DGX	1,361,612	$186.85	—	$185.00	$254.42M	$251.9M	-0.99%	1.35%	-0.0 bps	1
PINS	7,892,057	$27.32	—	$22.00	$215.61M	$173.63M	-19.47%	1.33%	-0.3 bps	1
OC	1,777,367	$103.08	—	$122.17	$183.21M	$217.14M	+18.52%	1.31%	+0.2 bps	1
QSR	3,542,388	$69.14	—	$66.98	$244.92M	$237.27M	-3.12%	1.19%	-0.0 bps	1
YMM	14,981,773	$12.65	—	$10.14	$189.52M	$151.92M	-19.84%	1.01%	-0.2 bps	1
AGCO	1,812,922	$108.48	—	$114.67	$196.67M	$207.89M	+5.71%	1.01%	+0.1 bps	1
CI	656,318	$270.61	—	$271.54	$177.61M	$178.22M	+0.34%	0.99%	+0.0 bps	1
JPM	595,626	$320.41	—	$308.14	$190.84M	$183.54M	-3.83%	0.98%	-0.0 bps	1
DUSA	3,383,338	$48.93	—	$52.88	$165.55M	$178.91M	+8.07%	0.85%	+0.1 bps	1
APP	223,574	$584.86	—	$483.00	$130.76M	$107.99M	-17.42%	0.84%	-0.1 bps	1
GOOG	646,051	$287.43	—	$344.90	$185.69M	$222.82M	+19.99%	0.82%	+0.2 bps	1
COP	1,599,311	$89.07	—	$101.79	$142.45M	$162.79M	+14.28%	0.79%	+0.1 bps	1
FITB	2,668,869	$43.21	—	$51.95	$115.32M	$138.65M	+20.23%	0.62%	+0.1 bps	1
BK	1,010,681	$112.64	—	$121.61	$113.84M	$122.91M	+7.96%	0.57%	+0.0 bps	1
DINT	3,890,080	$28.66	—	$29.20	$111.49M	$113.58M	+1.87%	0.57%	+0.0 bps	1
PNC	501,817	$186.91	—	$227.63	$93.79M	$114.23M	+21.79%	0.53%	+0.1 bps	1
HUM	385,539	$240.48	—	$187.20	$92.71M	$72.17M	-22.16%	0.52%	-0.1 bps	1
DFNL	2,129,860	$46.36	—	$48.43	$98.74M	$103.15M	+4.47%	0.50%	+0.0 bps	1
NTES	594,740	$142.37	—	$129.08	$84.67M	$76.77M	-9.33%	0.47%	-0.0 bps	1
DWLD	1,916,287	$46.04	—	$46.88	$88.23M	$89.84M	+1.82%	0.45%	+0.0 bps	1
AXP	247,940	$372.77	—	$352.83	$92.42M	$87.48M	-5.35%	0.43%	-0.0 bps	1
SE	440,594	$143.35	—	$113.59	$63.16M	$50.05M	-20.76%	0.41%	-0.1 bps	1
IAC	2,243,689	$34.14	—	$37.02	$76.6M	$83.06M	+8.44%	0.40%	+0.0 bps	1
DAR	2,453,940	$34.54	—	$47.35	$84.76M	$116.19M	+37.09%	0.40%	+0.1 bps	1
WCC	292,570	$267.15	—	$297.80	$78.16M	$87.13M	+11.47%	0.32%	+0.0 bps	1
RKT	3,134,234	$17.93	—	$18.77	$56.2M	$58.83M	+4.68%	0.32%	+0.0 bps	1
L	595,697	$104.04	—	$105.78	$61.98M	$63.01M	+1.67%	0.31%	+0.0 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%	+0.0 bps	1
NTB	1,058,793	$46.08	—	$52.80	$48.79M	$55.9M	+14.58%	0.24%	+0.0 bps	1
RNR	143,145	$265.87	—	$284.50	$38.06M	$40.72M	+7.01%	0.19%	+0.0 bps	1
BEKE	1,851,804	$16.68	—	$18.40	$30.89M	$34.07M	+10.31%	0.18%	+0.0 bps	1
VALE	2,931,198	$12.48	—	$16.14	$36.58M	$47.31M	+29.33%	0.17%	+0.0 bps	1
SCHW	296,441	$97.71	—	$105.17	$28.97M	$31.18M	+7.63%	0.15%	+0.0 bps	1
MSFT	52,306	$511.14	—	$423.37	$26.74M	$22.14M	-17.17%	0.14%	-0.0 bps	1
PLD	198,166	$124.84	—	$129.68	$24.74M	$25.7M	+3.88%	0.12%	+0.0 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%	-0.0 bps	1
BXP	239,760	$71.65	—	$63.06	$17.18M	$15.12M	-11.99%	0.09%	-0.0 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%	-0.0 bps	1
REXR	395,150	$41.72	—	$40.29	$16.49M	$15.92M	-3.43%	0.08%	-0.0 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%	+0.0 bps	1
ARE	180,157	$53.78	—	$54.15	$9.69M	$9.76M	+0.69%	0.08%	+0.0 bps	1
CUZ	512,355	$26.12	—	$24.84	$13.38M	$12.73M	-4.90%	0.08%	-0.0 bps	1
SPG	76,733	$183.81	—	$191.22	$14.1M	$14.67M	+4.03%	0.08%	+0.0 bps	1
DLR	81,280	$163.90	—	$165.11	$13.32M	$13.42M	+0.74%	0.07%	+0.0 bps	1
EG	39,428	$325.03	—	$331.76	$12.82M	$13.08M	+2.07%	0.07%	+0.0 bps	1
PSA	44,610	$275.15	—	$271.81	$12.27M	$12.13M	-1.21%	0.07%	-0.0 bps	1
AVB	66,580	$178.05	—	$175.32	$11.85M	$11.67M	-1.53%	0.07%	-0.0 bps	1
AMT	65,670	$183.35	—	$173.70	$12.04M	$11.41M	-5.26%	0.07%	-0.0 bps	1
SAP	46,787	$253.34	—	$207.23	$11.85M	$9.7M	-18.20%	0.07%	-0.0 bps	1
SHO	1,311,800	$9.51	—	$8.73	$12.48M	$11.45M	-8.20%	0.06%	-0.0 bps	1
STT	103,785	$121.11	—	$132.58	$12.57M	$13.76M	+9.47%	0.06%	+0.0 bps	1
JD	341,711	$31.25	—	$28.53	$10.68M	$9.75M	-8.70%	0.06%	-0.0 bps	1
NOAH	1,021,585	$11.21	—	$11.84	$11.45M	$12.1M	+5.62%	0.06%	+0.0 bps	1
REG	140,110	$70.00	—	$71.98	$9.81M	$10.09M	+2.83%	0.05%	+0.0 bps	1
MTB	51,027	$188.15	—	$225.54	$9.6M	$11.51M	+19.87%	0.05%	+0.0 bps	1
CPT	89,120	$102.69	—	$107.30	$9.15M	$9.56M	+4.49%	0.05%	+0.0 bps	1
AMH	285,600	$32.35	—	$30.80	$9.24M	$8.8M	-4.79%	0.05%	-0.0 bps	1
EGP	52,940	$177.89	—	$180.44	$9.42M	$9.55M	+1.43%	0.05%	+0.0 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%	+0.0 bps	1
VICI	221,610	$30.58	—	$27.95	$6.78M	$6.19M	-8.60%	0.04%	-0.0 bps	1
TFC	156,437	$45.64	—	$52.66	$7.14M	$8.24M	+15.38%	0.04%	+0.0 bps	1
EQR	107,215	$59.62	—	$61.61	$6.39M	$6.61M	+3.34%	0.04%	+0.0 bps	1
UDR	186,190	$34.85	—	$36.75	$6.49M	$6.84M	+5.45%	0.04%	+0.0 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%	-0.0 bps	1
NTST	342,410	$18.22	—	$18.58	$6.24M	$6.36M	+1.98%	0.03%	+0.0 bps	1
O	93,580	$56.93	—	$60.53	$5.33M	$5.66M	+6.32%	0.03%	+0.0 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%	+0.0 bps	1
DEI	317,600	$11.95	—	$10.34	$3.8M	$3.28M	-13.47%	0.03%	-0.0 bps	1
ESS	16,951	$254.97	—	$248.46	$4.32M	$4.21M	-2.55%	0.02%	-0.0 bps	1
SNPS	8,655	$398.81	—	$457.89	$3.45M	$3.96M	+14.81%	0.02%	+0.0 bps	1
CCI	43,240	$93.67	—	$84.96	$4.05M	$3.67M	-9.30%	0.02%	-0.0 bps	1
TSM	7,200	$290.62	—	$341.36	$2.09M	$2.46M	+17.46%	0.01%	+0.0 bps	1
LRCX	12,280	$161.42	—	$237.50	$1.98M	$2.92M	+47.13%	0.01%	+0.0 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%	+0.0 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
COF	8,955,742	$208.23	—	$222.13	$1.86B	$1.99B	+6.68%	10.19%	+0.7 bps	1
META	2,107,814	$769.30	—	$609.01	$1.62B	$1.28B	-20.84%	8.32%	-1.7 bps	1
AMAT	4,957,593	$184.87	—	$230.73	$916.51M	$1.14B	+24.81%	4.85%	+1.2 bps	1
USB	19,331,637	$44.86	—	$47.89	$867.22M	$925.79M	+6.75%	4.68%	+0.3 bps	1
MGM	23,821,109	$34.18	—	$33.17	$814.21M	$790.15M	-2.95%	4.38%	-0.1 bps	1
CVS	11,586,790	$65.54	—	$80.26	$759.4M	$929.96M	+22.46%	4.27%	+1.0 bps	1
BRK-A	1,065	$698040.00	—	$756363.00	$743.41M	$805.53M	+8.36%	4.15%	+0.3 bps	1
MKL	371,131	$1910.42	—	$2091.91	$709.02M	$776.37M	+9.50%	3.96%	+0.4 bps	1
AMZN	3,269,161	$222.69	—	$244.20	$728.01M	$798.33M	+9.66%	3.83%	+0.4 bps	1
WFC	8,176,423	$77.85	—	$86.26	$636.53M	$705.3M	+10.80%	3.50%	+0.4 bps	1
VTRS	66,375,520	$9.70	—	$11.01	$643.84M	$730.79M	+13.51%	3.17%	+0.4 bps	1
GOOGL	2,854,413	$201.42	—	$286.71	$574.94M	$818.39M	+42.34%	2.69%	+1.1 bps	1
TSN	8,956,466	$57.04	—	$54.06	$510.88M	$484.19M	-5.22%	2.68%	-0.1 bps	1
TXN	2,380,207	$187.22	—	$163.09	$445.62M	$388.19M	-12.89%	2.64%	-0.3 bps	1
TECK	11,034,993	$33.03	—	$43.73	$364.49M	$482.56M	+32.39%	2.38%	+0.8 bps	1
SOLV	5,492,661	$73.39	—	$73.83	$403.11M	$405.52M	+0.60%	2.23%	+0.0 bps	1
HUM	1,652,734	$266.68	—	$240.48	$440.75M	$397.45M	-9.82%	2.16%	-0.2 bps	1
UNH	1,132,885	$250.89	—	$339.06	$284.23M	$384.12M	+35.14%	1.89%	+0.7 bps	1
CB	1,071,823	$271.24	—	$294.93	$290.72M	$316.11M	+8.73%	1.66%	+0.1 bps	1
TCOM	4,949,468	$58.80	—	$74.59	$291.03M	$369.18M	+26.85%	1.55%	+0.4 bps	1
BRK-B	553,845	$465.40	—	$502.40	$257.76M	$278.25M	+7.95%	1.44%	+0.1 bps	1
DGX	1,354,420	$176.96	—	$186.85	$239.68M	$253.07M	+5.59%	1.30%	+0.1 bps	1
OC	1,769,093	$143.88	—	$103.08	$254.54M	$182.36M	-28.36%	1.30%	-0.4 bps	1
CTRA	9,338,141	$24.02	—	$26.13	$224.3M	$244.01M	+8.78%	1.27%	+0.1 bps	1
QSR	3,419,715	$64.50	—	$69.14	$220.57M	$236.44M	+7.19%	1.21%	+0.1 bps	1
CI	655,889	$274.90	—	$270.61	$180.3M	$177.49M	-1.56%	1.16%	-0.0 bps	1
AGCO	1,804,564	$109.60	—	$108.48	$197.78M	$195.76M	-1.02%	1.00%	-0.0 bps	1
JPM	636,042	$288.76	—	$320.41	$183.66M	$203.79M	+10.96%	0.99%	+0.1 bps	1
BK	1,898,430	$103.09	—	$112.64	$195.71M	$213.84M	+9.26%	0.92%	+0.1 bps	1
CPNG	5,754,998	$27.83	—	$28.83	$160.16M	$165.92M	+3.59%	0.92%	+0.0 bps	1
DUSA	3,383,338	$45.83	—	$48.93	$155.06M	$165.55M	+6.76%	0.84%	+0.1 bps	1
COP	1,585,587	$93.91	—	$89.07	$148.9M	$141.23M	-5.15%	0.76%	-0.0 bps	1
YMM	11,635,925	$11.32	—	$12.65	$131.72M	$147.19M	+11.75%	0.73%	+0.1 bps	1
MSFT	247,956	$522.04	—	$511.14	$129.44M	$126.74M	-2.09%	0.66%	-0.0 bps	1
GOOG	650,390	$202.09	—	$287.43	$131.44M	$186.94M	+42.23%	0.62%	+0.3 bps	1
FITB	2,512,856	$41.64	—	$43.21	$104.64M	$108.58M	+3.77%	0.55%	+0.0 bps	1
DINT	3,890,080	$25.90	—	$28.66	$100.75M	$111.49M	+10.66%	0.54%	+0.1 bps	1
PNC	502,357	$189.74	—	$186.91	$95.32M	$93.9M	-1.49%	0.50%	-0.0 bps	1
DAR	2,443,570	$30.63	—	$34.54	$74.85M	$84.4M	+12.77%	0.50%	+0.1 bps	1
DFNL	2,129,860	$43.07	—	$46.36	$91.74M	$98.74M	+7.63%	0.49%	+0.0 bps	1
AXP	270,500	$297.43	—	$372.77	$80.45M	$100.83M	+25.33%	0.46%	+0.1 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%	+0.0 bps	1
DWLD	1,916,287	$41.94	—	$46.04	$80.37M	$88.23M	+9.77%	0.42%	+0.0 bps	1
APP	215,073	$455.98	—	$584.86	$98.07M	$125.79M	+28.26%	0.40%	+0.1 bps	1
SE	448,305	$147.61	—	$143.35	$66.17M	$64.26M	-2.89%	0.38%	-0.0 bps	1
L	597,343	$93.77	—	$104.04	$56.01M	$62.15M	+10.95%	0.29%	+0.0 bps	1
BAC	1,153,397	$46.01	—	$54.11	$53.07M	$62.41M	+17.60%	0.29%	+0.1 bps	1
WCC	290,746	$204.28	—	$267.15	$59.39M	$77.67M	+30.78%	0.29%	+0.1 bps	1
NTB	1,062,264	$45.00	—	$46.08	$47.8M	$48.95M	+2.40%	0.25%	+0.0 bps	1
RKT	3,132,678	$16.81	—	$17.93	$52.66M	$56.17M	+6.66%	0.24%	+0.0 bps	1
RNR	143,067	$240.37	—	$265.87	$34.39M	$38.04M	+10.61%	0.19%	+0.0 bps	1
BEKE	1,852,812	$17.56	—	$16.68	$32.54M	$30.9M	-5.01%	0.18%	-0.0 bps	1
ORCL	131,574	$250.05	—	$226.99	$32.9M	$29.87M	-9.22%	0.15%	-0.0 bps	1
VALE	2,948,514	$10.22	—	$12.48	$30.13M	$36.8M	+22.11%	0.15%	+0.0 bps	1
SCHW	296,438	$97.08	—	$97.71	$28.78M	$28.96M	+0.65%	0.14%	+0.0 bps	1
JCI	245,323	$105.55	—	$122.66	$25.89M	$30.09M	+16.21%	0.14%	+0.0 bps	1
AMT	91,650	$206.51	—	$183.35	$18.93M	$16.8M	-11.22%	0.11%	-0.0 bps	1
ANGI	1,181,911	$18.17	—	$11.30	$21.48M	$13.36M	-37.81%	0.10%	-0.0 bps	1
SAP	46,769	$292.12	—	$253.34	$13.66M	$11.85M	-13.28%	0.08%	-0.0 bps	1
BXP	209,630	$63.25	—	$71.65	$13.26M	$15.02M	+13.28%	0.08%	+0.0 bps	1
NVDA	89,135	$182.70	—	$193.80	$16.28M	$17.27M	+6.08%	0.08%	+0.0 bps	1
CUZ	460,235	$26.70	—	$26.12	$12.29M	$12.02M	-2.17%	0.07%	-0.0 bps	1
PLD	129,226	$105.68	—	$124.84	$13.66M	$16.13M	+18.13%	0.07%	+0.0 bps	1
EG	39,500	$329.80	—	$325.03	$13.03M	$12.84M	-1.45%	0.07%	-0.0 bps	1
REXR	375,010	$36.72	—	$41.72	$13.77M	$15.65M	+13.62%	0.07%	+0.0 bps	1
BRX	498,390	$25.56	—	$26.59	$12.74M	$13.25M	+4.03%	0.07%	+0.0 bps	1
VTR	203,350	$68.57	—	$76.90	$13.94M	$15.64M	+12.15%	0.07%	+0.0 bps	1
EQIX	15,663	$776.20	—	$813.24	$12.16M	$12.74M	+4.77%	0.07%	+0.0 bps	1
NOAH	1,021,585	$12.18	—	$11.21	$12.44M	$11.45M	-7.96%	0.07%	-0.0 bps	1
DLR	68,460	$169.91	—	$163.90	$11.63M	$11.22M	-3.54%	0.06%	-0.0 bps	1
PSA	40,400	$281.74	—	$275.15	$11.38M	$11.12M	-2.34%	0.06%	-0.0 bps	1
AVB	57,820	$186.78	—	$178.05	$10.8M	$10.29M	-4.67%	0.06%	-0.0 bps	1
ARE	156,187	$74.21	—	$53.78	$11.59M	$8.4M	-27.53%	0.06%	-0.0 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%	+0.0 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%	+0.0 bps	1
AMH	250,360	$34.42	—	$32.35	$8.62M	$8.1M	-6.01%	0.05%	-0.0 bps	1
CPT	78,650	$105.52	—	$102.69	$8.3M	$8.08M	-2.68%	0.05%	-0.0 bps	1
REG	121,830	$71.92	—	$70.00	$8.76M	$8.53M	-2.67%	0.05%	-0.0 bps	1
EXR	56,765	$136.36	—	$132.63	$7.74M	$7.53M	-2.74%	0.04%	-0.0 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%	-0.0 bps	1
EGP	46,130	$161.10	—	$177.89	$7.43M	$8.21M	+10.42%	0.04%	+0.0 bps	1
STT	72,251	$111.08	—	$121.11	$8.03M	$8.75M	+9.03%	0.04%	+0.0 bps	1
EQR	101,725	$63.20	—	$59.62	$6.43M	$6.06M	-5.66%	0.04%	-0.0 bps	1
TFC	155,845	$43.07	—	$45.64	$6.71M	$7.11M	+5.97%	0.04%	+0.0 bps	1
UDR	161,990	$38.09	—	$34.85	$6.17M	$5.65M	-8.51%	0.04%	-0.0 bps	1
HPP	2,295,973	$2.50	—	$2.15	$5.74M	$4.94M	-14.00%	0.03%	-0.0 bps	1
TRNO	104,197	$53.77	—	$60.97	$5.6M	$6.35M	+13.39%	0.03%	+0.0 bps	1
VICI	169,740	$32.90	—	$30.58	$5.58M	$5.19M	-7.05%	0.03%	-0.0 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%	-0.0 bps	1
DEI	276,750	$14.43	—	$11.95	$3.99M	$3.31M	-17.19%	0.02%	-0.0 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%	+0.0 bps	1
TSM	7,200	$241.83	—	$290.62	$1.74M	$2.09M	+20.18%	0.01%	+0.0 bps	1
LRCX	12,280	$101.75	—	$161.42	$1.25M	$1.98M	+58.64%	0.01%	+0.0 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%	-0.0 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
COF	8,999,453	$199.95	—	$208.23	$1.8B	$1.87B	+4.14%	9.30%	+0.4 bps	1
META	2,210,250	$639.43	—	$769.30	$1.41B	$1.7B	+20.31%	7.34%	+1.5 bps	1
BRK-A	1,558	$772100.00	—	$698040.00	$1.2B	$1.09B	-9.59%	7.17%	-0.7 bps	1
CVS	11,549,057	$64.81	—	$65.54	$748.49M	$756.93M	+1.13%	4.51%	+0.1 bps	1
AMAT	4,993,172	$167.99	—	$184.87	$838.8M	$923.09M	+10.05%	4.18%	+0.4 bps	1
MKL	371,469	$1918.71	—	$1910.42	$712.74M	$709.66M	-0.43%	4.00%	-0.0 bps	1
AMZN	3,519,954	$208.64	—	$222.69	$734.4M	$783.86M	+6.73%	3.86%	+0.3 bps	1
USB	14,889,014	$44.01	—	$44.86	$655.27M	$667.92M	+1.93%	3.62%	+0.1 bps	1
MGM	20,815,057	$34.66	—	$34.18	$721.45M	$711.46M	-1.38%	3.56%	-0.0 bps	1
HUM	2,331,343	$252.86	—	$266.68	$589.5M	$621.72M	+5.47%	3.56%	+0.2 bps	1
WFC	8,468,647	$74.88	—	$77.85	$634.13M	$659.28M	+3.97%	3.50%	+0.1 bps	1
VTRS	64,948,236	$8.96	—	$9.70	$581.94M	$630M	+8.26%	3.26%	+0.3 bps	1
CI	1,433,251	$315.74	—	$274.90	$452.53M	$394M	-12.93%	2.72%	-0.4 bps	1
GOOGL	3,039,483	$158.46	—	$201.42	$481.64M	$612.21M	+27.11%	2.71%	+0.7 bps	1
TXN	2,431,035	$187.28	—	$187.22	$455.28M	$455.14M	-0.03%	2.52%	-0.0 bps	1
TECK	11,190,628	$37.67	—	$33.03	$421.55M	$369.63M	-12.32%	2.35%	-0.3 bps	1
DGX	2,388,302	$175.90	—	$176.96	$420.1M	$422.63M	+0.60%	2.33%	+0.0 bps	1
SOLV	5,288,138	$74.80	—	$73.39	$395.55M	$388.1M	-1.89%	2.32%	-0.0 bps	1
BRK-B	678,453	$514.30	—	$465.40	$348.93M	$315.75M	-9.51%	2.08%	-0.2 bps	1
CB	1,086,389	$289.65	—	$271.24	$314.67M	$294.67M	-6.36%	1.89%	-0.1 bps	1
TCOM	4,862,997	$65.52	—	$58.80	$318.62M	$285.94M	-10.26%	1.78%	-0.2 bps	1
TSN	4,679,582	$55.99	—	$57.04	$262.01M	$266.92M	+1.88%	1.72%	+0.0 bps	1
OC	1,787,242	$143.25	—	$143.88	$256.02M	$257.15M	+0.44%	1.47%	+0.0 bps	1
QSR	3,372,511	$68.79	—	$64.50	$232M	$217.53M	-6.24%	1.30%	-0.1 bps	1
AGCO	2,027,266	$105.44	—	$109.60	$213.75M	$222.19M	+3.95%	1.08%	+0.0 bps	1
BK	1,910,645	$87.10	—	$103.09	$166.42M	$196.97M	+18.36%	0.92%	+0.2 bps	1
JPM	639,852	$260.05	—	$288.76	$166.39M	$184.76M	+11.04%	0.90%	+0.1 bps	1
COP	1,402,068	$92.27	—	$93.91	$129.37M	$131.67M	+1.78%	0.85%	+0.0 bps	1
DUSA	3,383,338	$44.34	—	$45.83	$150.02M	$155.06M	+3.36%	0.83%	+0.0 bps	1
CPNG	5,880,990	$26.14	—	$27.83	$153.73M	$163.67M	+6.47%	0.74%	+0.0 bps	1
IAC	2,657,782	$39.34	—	$34.17	$104.56M	$90.82M	-13.14%	0.70%	-0.1 bps	1
GOOG	646,697	$159.58	—	$202.09	$103.2M	$130.69M	+26.64%	0.58%	+0.2 bps	1
YMM	7,819,344	$12.59	—	$11.32	$98.45M	$88.51M	-10.09%	0.58%	-0.1 bps	1
FITB	2,461,119	$39.24	—	$41.64	$96.57M	$102.48M	+6.12%	0.56%	+0.0 bps	1
MSFT	256,523	$449.26	—	$522.04	$115.25M	$133.92M	+16.20%	0.56%	+0.1 bps	1
DINT	3,890,080	$24.60	—	$25.90	$95.7M	$100.75M	+5.28%	0.52%	+0.0 bps	1
PNC	495,808	$175.00	—	$189.74	$86.77M	$94.07M	+8.42%	0.50%	+0.0 bps	1
DFNL	2,129,860	$40.68	—	$43.07	$86.64M	$91.74M	+5.88%	0.48%	+0.0 bps	1
DAR	2,476,469	$35.51	—	$30.63	$87.94M	$75.85M	-13.74%	0.45%	-0.1 bps	1
AXP	271,435	$298.92	—	$297.43	$81.14M	$80.73M	-0.50%	0.42%	-0.0 bps	1
DWLD	1,916,287	$39.94	—	$41.94	$76.54M	$80.37M	+5.01%	0.42%	+0.0 bps	1
SE	514,628	$142.45	—	$147.61	$73.31M	$75.96M	+3.62%	0.39%	+0.0 bps	1
NTES	596,114	$106.82	—	$128.62	$63.68M	$76.67M	+20.41%	0.35%	+0.1 bps	1
L	599,066	$89.27	—	$93.77	$53.48M	$56.17M	+5.04%	0.32%	+0.0 bps	1
BAC	1,156,148	$43.36	—	$46.01	$50.13M	$53.19M	+6.11%	0.28%	+0.0 bps	1
APP	163,011	$347.90	—	$455.98	$56.71M	$74.33M	+31.07%	0.25%	+0.1 bps	1
NTB	1,068,441	$42.10	—	$45.00	$44.98M	$48.08M	+6.89%	0.24%	+0.0 bps	1
WCC	258,503	$171.70	—	$204.28	$44.38M	$52.81M	+18.98%	0.23%	+0.0 bps	1
RKT	3,139,289	$11.67	—	$16.81	$36.64M	$52.77M	+44.04%	0.22%	+0.1 bps	1
BEKE	1,860,528	$19.84	—	$17.56	$36.91M	$32.67M	-11.49%	0.22%	-0.0 bps	1
RNR	143,801	$248.22	—	$240.37	$35.69M	$34.57M	-3.16%	0.20%	-0.0 bps	1
JCI	404,164	$95.28	—	$105.55	$38.51M	$42.66M	+10.78%	0.19%	+0.0 bps	1
VALE	2,733,513	$9.60	—	$10.22	$26.24M	$27.94M	+6.46%	0.16%	+0.0 bps	1
UNH	48,519	$378.75	—	$250.89	$18.38M	$12.17M	-33.76%	0.15%	-0.0 bps	1
SCHW	297,606	$85.37	—	$97.08	$25.41M	$28.89M	+13.72%	0.13%	+0.0 bps	1
SAP	76,126	$293.51	—	$292.12	$22.34M	$22.24M	-0.47%	0.12%	-0.0 bps	1
AMT	88,940	$207.92	—	$206.51	$18.49M	$18.37M	-0.68%	0.11%	-0.0 bps	1
PLD	171,756	$110.33	—	$105.68	$18.95M	$18.15M	-4.21%	0.11%	-0.0 bps	1
ORCL	136,380	$157.22	—	$250.05	$21.44M	$34.1M	+59.04%	0.11%	+0.1 bps	1
VTR	250,190	$65.13	—	$68.57	$16.29M	$17.16M	+5.28%	0.10%	+0.0 bps	1
NOAH	1,654,817	$9.51	—	$12.18	$15.74M	$20.16M	+28.08%	0.09%	+0.0 bps	1
YOU	581,691	$24.63	—	$32.02	$14.33M	$18.63M	+30.00%	0.09%	+0.0 bps	1
PSA	49,760	$305.18	—	$281.74	$15.19M	$14.02M	-7.68%	0.09%	-0.0 bps	1
EG	39,662	$347.80	—	$329.80	$13.79M	$13.08M	-5.18%	0.08%	-0.0 bps	1
REXR	363,620	$35.89	—	$36.72	$13.05M	$13.35M	+2.31%	0.08%	+0.0 bps	1
JD	345,461	$36.05	—	$31.49	$12.45M	$10.88M	-12.65%	0.08%	-0.0 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%	-0.0 bps	1
CUZ	446,935	$28.60	—	$26.70	$12.78M	$11.93M	-6.64%	0.08%	-0.0 bps	1
BRX	484,360	$26.41	—	$25.56	$12.79M	$12.38M	-3.22%	0.07%	-0.0 bps	1
EQIX	15,373	$870.47	—	$776.20	$13.38M	$11.93M	-10.83%	0.07%	-0.0 bps	1
AVB	56,650	$208.59	—	$186.78	$11.82M	$10.58M	-10.46%	0.07%	-0.0 bps	1
SPG	68,033	$171.44	—	$164.93	$11.66M	$11.22M	-3.80%	0.07%	-0.0 bps	1
DLR	67,130	$166.00	—	$169.91	$11.14M	$11.41M	+2.36%	0.06%	+0.0 bps	1
CPT	76,510	$118.95	—	$105.52	$9.1M	$8.07M	-11.29%	0.05%	-0.0 bps	1
AMH	243,120	$38.31	—	$34.42	$9.31M	$8.37M	-10.15%	0.05%	-0.0 bps	1
MTB	51,185	$184.70	—	$187.17	$9.45M	$9.58M	+1.34%	0.05%	+0.0 bps	1
REG	118,140	$73.83	—	$71.92	$8.72M	$8.5M	-2.59%	0.05%	-0.0 bps	1
MAA	51,450	$163.63	—	$140.48	$8.42M	$7.23M	-14.15%	0.05%	-0.0 bps	1
ESS	27,731	$286.30	—	$254.59	$7.94M	$7.06M	-11.08%	0.05%	-0.0 bps	1
EXR	56,785	$148.89	—	$136.36	$8.45M	$7.74M	-8.42%	0.05%	-0.0 bps	1
EGP	44,750	$172.44	—	$161.10	$7.72M	$7.21M	-6.58%	0.05%	-0.0 bps	1
SHO	791,730	$9.17	—	$8.71	$7.26M	$6.9M	-5.02%	0.04%	-0.0 bps	1
UDR	158,610	$42.57	—	$38.09	$6.75M	$6.04M	-10.52%	0.04%	-0.0 bps	1
EQR	99,855	$70.90	—	$63.20	$7.08M	$6.31M	-10.86%	0.04%	-0.0 bps	1
HPP	2,296,963	$2.37	—	$2.50	$5.44M	$5.74M	+5.49%	0.04%	+0.0 bps	1
STT	72,704	$96.00	—	$111.08	$6.98M	$8.08M	+15.71%	0.04%	+0.0 bps	1
TFC	156,431	$41.12	—	$43.07	$6.43M	$6.74M	+4.74%	0.04%	+0.0 bps	1
TRNO	100,827	$59.38	—	$53.77	$5.99M	$5.42M	-9.45%	0.04%	-0.0 bps	1
CHCT	301,740	$16.30	—	$14.44	$4.92M	$4.36M	-11.41%	0.03%	-0.0 bps	1
VICI	143,440	$31.52	—	$32.90	$4.52M	$4.72M	+4.38%	0.03%	+0.0 bps	1
DEI	268,820	$15.03	—	$14.43	$4.04M	$3.88M	-3.99%	0.02%	-0.0 bps	1
CCI	41,000	$100.48	—	$104.50	$4.12M	$4.28M	+4.00%	0.02%	+0.0 bps	1
HIW	129,180	$30.41	—	$28.69	$3.93M	$3.71M	-5.66%	0.02%	-0.0 bps	1
IVE	19,712	$190.25	—	$198.78	$3.75M	$3.92M	+4.48%	0.02%	+0.0 bps	1
FRT	32,930	$98.21	—	$91.30	$3.23M	$3.01M	-7.04%	0.02%	-0.0 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%	+0.0 bps	1
LRCX	12,280	$82.25	—	$101.75	$1.01M	$1.25M	+23.71%	0.01%	+0.0 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
COF	9,249,045	$203.21	—	$199.95	$1.88B	$1.85B	-1.60%	9.59%	-0.2 bps	1
META	2,492,597	$714.52	—	$639.43	$1.78B	$1.59B	-10.51%	8.48%	-0.9 bps	1
BRK-A	1,582	$708903.00	—	$772100.00	$1.12B	$1.22B	+8.91%	6.26%	+0.6 bps	1
AMZN	3,807,582	$229.15	—	$208.64	$872.51M	$794.41M	-8.95%	4.85%	-0.4 bps	1
VTRS	62,573,562	$10.73	—	$8.96	$671.41M	$560.66M	-16.50%	4.53%	-0.7 bps	1
AMAT	4,712,217	$180.00	—	$167.99	$848.2M	$791.61M	-6.67%	4.45%	-0.3 bps	1
MGM	19,920,713	$34.57	—	$34.66	$688.66M	$690.45M	+0.26%	4.01%	+0.0 bps	1
USB	14,375,139	$47.23	—	$44.01	$678.94M	$632.65M	-6.82%	4.00%	-0.3 bps	1
MKL	370,522	$2026.37	—	$1918.71	$750.81M	$710.92M	-5.31%	3.72%	-0.2 bps	1
WFC	8,635,051	$80.67	—	$74.88	$696.59M	$646.59M	-7.18%	3.53%	-0.3 bps	1
HUM	2,256,909	$274.33	—	$252.86	$619.14M	$570.68M	-7.83%	3.33%	-0.3 bps	1
GOOGL	3,015,704	$185.34	—	$158.46	$558.93M	$477.87M	-14.50%	3.32%	-0.5 bps	1
CVS	11,385,950	$54.01	—	$64.81	$614.96M	$737.92M	+20.00%	2.97%	+0.6 bps	1
TECK	11,298,820	$43.05	—	$37.67	$486.41M	$425.63M	-12.50%	2.66%	-0.3 bps	1
TXN	2,350,090	$180.00	—	$187.28	$423.02M	$440.12M	+4.04%	2.56%	+0.1 bps	1
CI	1,431,796	$286.71	—	$315.74	$410.51M	$452.08M	+10.13%	2.30%	+0.2 bps	1
DGX	2,397,260	$162.64	—	$175.90	$389.89M	$421.68M	+8.15%	2.10%	+0.2 bps	1
SOLV	5,246,614	$73.38	—	$74.80	$385M	$392.45M	+1.94%	2.01%	+0.0 bps	1
BRK-B	717,513	$472.74	—	$514.30	$339.2M	$369.02M	+8.79%	1.89%	+0.2 bps	1
OC	1,811,263	$181.00	—	$143.25	$327.84M	$259.46M	-20.86%	1.79%	-0.4 bps	1
CB	1,095,002	$270.16	—	$289.65	$295.83M	$317.17M	+7.21%	1.76%	+0.1 bps	1
TCOM	3,747,161	$69.22	—	$65.52	$259.38M	$245.51M	-5.35%	1.50%	-0.1 bps	1
AGCO	1,991,357	$99.98	—	$105.44	$199.1M	$209.97M	+5.46%	1.08%	+0.1 bps	1
TSN	3,080,686	$57.94	—	$55.99	$178.49M	$172.49M	-3.37%	1.03%	-0.0 bps	1
BK	2,136,974	$86.15	—	$87.10	$184.1M	$186.13M	+1.10%	0.95%	+0.0 bps	1
JPM	657,723	$275.80	—	$260.05	$181.4M	$171.04M	-5.71%	0.92%	-0.1 bps	1
DUSA	3,386,897	$45.35	—	$44.34	$153.6M	$150.18M	-2.23%	0.83%	-0.0 bps	1
COP	1,370,773	$98.36	—	$92.27	$134.83M	$126.48M	-6.19%	0.79%	-0.0 bps	1
CPNG	5,911,885	$23.65	—	$26.14	$139.82M	$154.54M	+10.53%	0.76%	+0.1 bps	1
GOOG	646,956	$187.14	—	$159.58	$121.07M	$103.24M	-14.73%	0.72%	-0.1 bps	1
IAC	2,635,624	$41.60	—	$39.34	$109.64M	$103.69M	-5.43%	0.66%	-0.0 bps	1
MSFT	254,991	$409.75	—	$449.26	$104.48M	$114.56M	+9.64%	0.62%	+0.1 bps	1
FITB	2,444,176	$44.04	—	$39.24	$107.64M	$95.91M	-10.90%	0.60%	-0.1 bps	1
PNC	501,629	$200.72	—	$175.00	$100.69M	$87.79M	-12.81%	0.56%	-0.1 bps	1
DINT	3,869,214	$22.36	—	$24.60	$86.5M	$95.18M	+10.04%	0.49%	+0.0 bps	1
AXP	274,490	$316.77	—	$298.92	$86.95M	$82.05M	-5.64%	0.47%	-0.0 bps	1
DFNL	2,129,265	$40.73	—	$40.68	$86.73M	$86.62M	-0.13%	0.47%	-0.0 bps	1
DAR	2,378,248	$39.75	—	$35.51	$94.54M	$84.45M	-10.67%	0.47%	-0.0 bps	1
DWLD	1,917,980	$38.15	—	$39.94	$73.17M	$76.6M	+4.69%	0.40%	+0.0 bps	1
SE	638,014	$123.00	—	$142.45	$78.48M	$90.89M	+15.81%	0.39%	+0.1 bps	1
BEKE	3,647,872	$17.92	—	$19.84	$65.37M	$72.37M	+10.71%	0.39%	+0.0 bps	1
YMM	5,400,391	$12.19	—	$12.59	$65.83M	$67.99M	+3.28%	0.34%	+0.0 bps	1
NTES	597,320	$104.17	—	$106.82	$62.22M	$63.81M	+2.54%	0.31%	+0.0 bps	1
INTC	2,567,616	$19.10	—	$22.18	$49.04M	$56.95M	+16.13%	0.30%	+0.0 bps	1
BAC	1,170,435	$47.40	—	$43.36	$55.48M	$50.75M	-8.52%	0.30%	-0.0 bps	1
L	606,197	$86.77	—	$89.27	$52.6M	$54.12M	+2.88%	0.30%	+0.0 bps	1
WCC	256,987	$185.91	—	$171.70	$47.78M	$44.12M	-7.64%	0.27%	-0.0 bps	1
NTB	1,076,424	$37.98	—	$42.10	$40.88M	$45.32M	+10.85%	0.23%	+0.0 bps	1
IVE	197,175	$194.62	—	$190.25	$38.37M	$37.51M	-2.25%	0.22%	-0.0 bps	1
RKT	3,170,939	$12.73	—	$11.67	$40.37M	$37M	-8.33%	0.21%	-0.0 bps	1
RNR	142,313	$239.54	—	$248.22	$34.09M	$35.32M	+3.62%	0.21%	+0.0 bps	1
JCI	403,534	$87.65	—	$95.28	$35.37M	$38.45M	+8.71%	0.19%	+0.0 bps	1
UNH	51,115	$527.03	—	$378.75	$26.94M	$19.36M	-28.14%	0.15%	-0.0 bps	1
SAP	97,487	$279.64	—	$293.51	$27.26M	$28.61M	+4.96%	0.14%	+0.0 bps	1
ORCL	137,210	$174.46	—	$157.22	$23.94M	$21.57M	-9.88%	0.13%	-0.0 bps	1
SCHW	300,056	$83.18	—	$85.37	$24.96M	$25.62M	+2.63%	0.13%	+0.0 bps	1
NOAH	1,665,696	$10.78	—	$9.51	$17.96M	$15.84M	-11.78%	0.11%	-0.0 bps	1
PLD	179,096	$117.35	—	$110.33	$21.02M	$19.76M	-5.98%	0.11%	-0.0 bps	1
EQIX	19,198	$933.27	—	$870.47	$17.92M	$16.71M	-6.73%	0.11%	-0.0 bps	1
AMT	89,530	$188.84	—	$207.92	$16.91M	$18.62M	+10.10%	0.10%	+0.0 bps	1
DLR	90,645	$168.07	—	$166.00	$15.23M	$15.05M	-1.23%	0.09%	-0.0 bps	1
YOU	579,686	$23.20	—	$24.63	$13.45M	$14.28M	+6.16%	0.09%	+0.0 bps	1
CUZ	504,215	$31.21	—	$28.60	$15.74M	$14.42M	-8.36%	0.09%	-0.0 bps	1
PSA	50,090	$302.61	—	$305.18	$15.16M	$15.29M	+0.85%	0.09%	+0.0 bps	1
VTR	251,750	$60.59	—	$65.13	$15.25M	$16.4M	+7.49%	0.09%	+0.0 bps	1
ARE	150,197	$95.96	—	$74.23	$14.41M	$11.15M	-22.64%	0.09%	-0.0 bps	1
EG	39,212	$338.03	—	$347.80	$13.25M	$13.64M	+2.89%	0.08%	+0.0 bps	1
SPG	80,720	$179.94	—	$171.44	$14.52M	$13.84M	-4.72%	0.08%	-0.0 bps	1
BRX	491,270	$26.68	—	$26.41	$13.11M	$12.97M	-1.01%	0.08%	-0.0 bps	1
REXR	339,590	$39.54	—	$35.89	$13.43M	$12.19M	-9.23%	0.08%	-0.0 bps	1
AVB	56,220	$220.16	—	$208.59	$12.38M	$11.73M	-5.26%	0.07%	-0.0 bps	1
JD	355,833	$40.17	—	$36.05	$14.29M	$12.83M	-10.26%	0.07%	-0.0 bps	1
BXP	152,800	$72.74	—	$66.60	$11.11M	$10.18M	-8.44%	0.07%	-0.0 bps	1
SHO	802,620	$11.35	—	$9.17	$9.11M	$7.36M	-19.21%	0.06%	-0.0 bps	1
ESS	33,241	$292.14	—	$286.30	$9.71M	$9.52M	-2.00%	0.06%	-0.0 bps	1
MTB	49,678	$200.38	—	$184.70	$9.95M	$9.18M	-7.83%	0.05%	-0.0 bps	1
EXR	61,085	$156.00	—	$148.89	$9.53M	$9.09M	-4.56%	0.05%	-0.0 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%	+0.0 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%	-0.0 bps	1
HPP	2,280,963	$3.21	—	$2.37	$7.32M	$5.41M	-26.17%	0.04%	-0.0 bps	1
FRT	60,070	$110.98	—	$98.21	$6.67M	$5.9M	-11.51%	0.04%	-0.0 bps	1
TFC	145,379	$47.68	—	$41.12	$6.93M	$5.98M	-13.76%	0.04%	-0.0 bps	1
STT	63,111	$99.44	—	$96.00	$6.28M	$6.06M	-3.46%	0.04%	-0.0 bps	1
TRNO	101,477	$67.32	—	$59.38	$6.83M	$6.03M	-11.79%	0.03%	-0.0 bps	1
MAA	35,660	$158.13	—	$163.63	$5.64M	$5.84M	+3.48%	0.03%	+0.0 bps	1
VICI	145,300	$30.11	—	$31.52	$4.37M	$4.58M	+4.68%	0.02%	+0.0 bps	1
CHCT	215,630	$19.98	—	$16.30	$4.31M	$3.51M	-18.42%	0.02%	-0.0 bps	1
HIW	130,050	$29.43	—	$30.41	$3.83M	$3.95M	+3.33%	0.02%	+0.0 bps	1
CCI	41,260	$89.51	—	$100.48	$3.69M	$4.15M	+12.26%	0.02%	+0.0 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%	-0.0 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%	-0.0 bps	1
CCK	8,570	$86.96	—	$97.78	$745.25K	$837.97K	+12.44%	0.00%	+0.0 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
META	2,714,886	$589.34	—	$714.52	$1.6B	$1.94B	+21.24%	8.72%	+1.9 bps	1
COF	9,628,400	$185.21	—	$203.21	$1.78B	$1.96B	+9.72%	8.09%	+0.8 bps	1
BRK-A	1,617	$695878.00	—	$708903.00	$1.13B	$1.15B	+1.87%	6.27%	+0.1 bps	1
AMAT	4,112,767	$192.03	—	$180.00	$789.77M	$740.3M	-6.26%	4.66%	-0.3 bps	1
WFC	14,263,227	$70.04	—	$80.67	$999M	$1.15B	+15.18%	4.52%	+0.7 bps	1
AMZN	4,062,415	$208.18	—	$229.15	$845.71M	$930.9M	+10.07%	4.25%	+0.4 bps	1
MGM	19,038,296	$36.69	—	$34.57	$698.52M	$658.15M	-5.78%	4.17%	-0.2 bps	1
HUM	2,309,557	$288.12	—	$274.33	$665.43M	$633.58M	-4.79%	4.10%	-0.2 bps	1
VTRS	62,647,266	$12.96	—	$10.73	$811.91M	$672.21M	-17.21%	4.08%	-0.7 bps	1
USB	14,392,993	$50.21	—	$47.23	$722.67M	$679.78M	-5.94%	3.69%	-0.2 bps	1
TECK	11,390,911	$48.69	—	$43.05	$554.62M	$490.38M	-11.58%	3.34%	-0.4 bps	1
GOOGL	3,062,607	$178.35	—	$185.34	$546.22M	$567.62M	+3.92%	2.85%	+0.1 bps	1
CI	1,439,871	$319.77	—	$286.71	$460.43M	$412.83M	-10.34%	2.80%	-0.3 bps	1
TXN	2,360,962	$220.29	—	$180.00	$520.1M	$424.97M	-18.29%	2.74%	-0.5 bps	1
MKL	289,600	$1650.74	—	$2026.37	$478.05M	$586.84M	+22.76%	2.55%	+0.6 bps	1
BK	5,366,975	$77.06	—	$86.15	$413.58M	$462.36M	+11.80%	2.16%	+0.3 bps	1
OC	2,153,295	$190.44	—	$181.00	$410.07M	$389.75M	-4.96%	2.13%	-0.1 bps	1
DGX	2,399,103	$159.37	—	$162.64	$382.35M	$390.19M	+2.05%	2.09%	+0.0 bps	1
SOLV	5,271,513	$72.43	—	$73.38	$381.82M	$386.82M	+1.31%	2.06%	+0.0 bps	1
BRK-B	746,965	$463.41	—	$472.74	$346.15M	$353.12M	+2.01%	1.93%	+0.0 bps	1
CB	1,178,336	$281.36	—	$270.16	$331.54M	$318.34M	-3.98%	1.91%	-0.1 bps	1
INTC	12,623,929	$26.20	—	$19.10	$330.75M	$241.12M	-27.10%	1.66%	-0.5 bps	1
JPM	1,399,528	$236.98	—	$275.80	$331.66M	$385.99M	+16.38%	1.66%	+0.3 bps	1
TCOM	3,746,822	$65.48	—	$69.22	$245.34M	$259.36M	+5.71%	1.25%	+0.1 bps	1
AGCO	2,041,981	$91.86	—	$99.98	$187.58M	$204.16M	+8.84%	1.12%	+0.1 bps	1
TSN	3,111,577	$59.59	—	$57.94	$185.42M	$180.28M	-2.77%	1.04%	-0.0 bps	1
COP	1,407,562	$111.59	—	$98.36	$157.07M	$138.45M	-11.86%	0.83%	-0.1 bps	1
CPNG	5,940,678	$24.17	—	$23.65	$143.59M	$140.5M	-2.15%	0.82%	-0.0 bps	1
IAC	2,702,142	$53.46	—	$41.60	$144.46M	$112.41M	-22.18%	0.82%	-0.2 bps	1
DUSA	3,385,789	$43.99	—	$45.35	$148.94M	$153.55M	+3.09%	0.79%	+0.0 bps	1
BEKE	5,880,528	$20.99	—	$17.92	$123.43M	$105.38M	-14.63%	0.66%	-0.1 bps	1
GOOG	665,676	$179.86	—	$187.14	$119.73M	$124.57M	+4.05%	0.62%	+0.0 bps	1
MSFT	258,140	$422.54	—	$409.75	$109.07M	$105.77M	-3.03%	0.62%	-0.0 bps	1
DAR	2,831,571	$40.68	—	$39.75	$115.19M	$112.55M	-2.29%	0.59%	-0.0 bps	1
FITB	2,435,536	$46.26	—	$44.04	$112.67M	$107.26M	-4.80%	0.59%	-0.0 bps	1
DINT	3,866,428	$23.71	—	$22.36	$91.67M	$86.43M	-5.71%	0.52%	-0.0 bps	1
PNC	501,736	$203.97	—	$200.72	$102.34M	$100.71M	-1.59%	0.52%	-0.0 bps	1
DFNL	2,128,485	$39.71	—	$40.73	$84.51M	$86.7M	+2.58%	0.44%	+0.0 bps	1
AXP	287,548	$287.60	—	$316.77	$82.7M	$91.09M	+10.14%	0.44%	+0.0 bps	1
DWLD	1,916,112	$38.70	—	$38.15	$74.15M	$73.1M	-1.42%	0.41%	-0.0 bps	1
SE	649,028	$93.56	—	$123.00	$60.72M	$79.83M	+31.47%	0.34%	+0.1 bps	1
RKT	3,163,759	$15.87	—	$12.73	$50.21M	$40.27M	-19.79%	0.34%	-0.1 bps	1
L	605,243	$83.11	—	$86.77	$50.3M	$52.52M	+4.40%	0.27%	+0.0 bps	1
BAC	1,169,687	$45.13	—	$47.40	$52.79M	$55.44M	+5.03%	0.26%	+0.0 bps	1
WCC	256,020	$205.78	—	$185.91	$52.68M	$47.6M	-9.66%	0.24%	-0.0 bps	1
NTB	1,070,712	$37.69	—	$37.98	$40.36M	$40.67M	+0.77%	0.22%	+0.0 bps	1
RNR	141,214	$268.12	—	$239.54	$37.86M	$33.83M	-10.66%	0.22%	-0.0 bps	1
JCI	463,669	$84.62	—	$87.65	$39.24M	$40.64M	+3.58%	0.20%	+0.0 bps	1
JD	867,641	$38.35	—	$40.17	$33.27M	$34.85M	+4.75%	0.19%	+0.0 bps	1
PLD	246,846	$115.83	—	$117.35	$28.59M	$28.97M	+1.31%	0.17%	+0.0 bps	1
UNH	51,132	$615.81	—	$527.03	$31.49M	$26.95M	-14.42%	0.17%	-0.0 bps	1
ORCL	138,268	$189.25	—	$174.46	$26.17M	$24.12M	-7.82%	0.13%	-0.0 bps	1
CVS	367,512	$55.54	—	$54.01	$20.41M	$19.85M	-2.75%	0.13%	-0.0 bps	1
SAP	99,355	$237.56	—	$279.64	$23.6M	$27.78M	+17.71%	0.13%	+0.0 bps	1
NOAH	1,666,249	$12.24	—	$10.78	$20.39M	$17.96M	-11.93%	0.12%	-0.0 bps	1
PSA	54,520	$339.42	—	$302.61	$18.51M	$16.5M	-10.85%	0.11%	-0.0 bps	1
YOU	592,587	$27.77	—	$23.20	$16.46M	$13.75M	-16.46%	0.11%	-0.0 bps	1
SCHW	299,705	$73.90	—	$83.18	$22.15M	$24.93M	+12.56%	0.11%	+0.0 bps	1
CUZ	620,015	$31.65	—	$31.21	$19.62M	$19.35M	-1.39%	0.10%	-0.0 bps	1
VTR	281,230	$65.15	—	$60.59	$18.32M	$17.04M	-7.00%	0.10%	-0.0 bps	1
AMT	75,940	$201.80	—	$188.84	$15.32M	$14.34M	-6.42%	0.10%	-0.0 bps	1
EQIX	19,328	$921.06	—	$933.27	$17.8M	$18.04M	+1.33%	0.10%	+0.0 bps	1
ARE	142,057	$114.04	—	$95.96	$16.2M	$13.63M	-15.85%	0.09%	-0.0 bps	1
DLR	101,175	$181.98	—	$168.07	$18.41M	$17M	-7.64%	0.09%	-0.0 bps	1
EG	38,883	$368.29	—	$338.03	$14.32M	$13.14M	-8.22%	0.09%	-0.0 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%	-0.0 bps	1
BABA	127,784	$94.19	—	$103.51	$12.04M	$13.23M	+9.89%	0.08%	+0.0 bps	1
AVB	56,610	$233.75	—	$220.16	$13.23M	$12.46M	-5.81%	0.07%	-0.0 bps	1
BXP	152,800	$82.90	—	$72.74	$12.67M	$11.11M	-12.26%	0.07%	-0.0 bps	1
EXR	61,495	$167.70	—	$156.00	$10.31M	$9.59M	-6.98%	0.06%	-0.0 bps	1
REXR	209,250	$43.11	—	$39.54	$9.02M	$8.27M	-8.28%	0.06%	-0.0 bps	1
ESS	33,451	$304.66	—	$292.14	$10.19M	$9.77M	-4.11%	0.06%	-0.0 bps	1
UDR	197,320	$44.48	—	$42.90	$8.78M	$8.47M	-3.55%	0.05%	-0.0 bps	1
MTB	48,565	$209.41	—	$200.38	$10.17M	$9.73M	-4.31%	0.05%	-0.0 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%	-0.0 bps	1
AMH	218,090	$36.96	—	$35.53	$8.06M	$7.75M	-3.87%	0.05%	-0.0 bps	1
SHO	807,870	$10.81	—	$11.35	$8.73M	$9.17M	+5.00%	0.05%	+0.0 bps	1
EQR	101,105	$73.53	—	$71.33	$7.43M	$7.21M	-2.99%	0.04%	-0.0 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%	-0.0 bps	1
TRNO	102,237	$62.00	—	$67.32	$6.34M	$6.88M	+8.58%	0.04%	+0.0 bps	1
TFC	137,238	$45.22	—	$47.68	$6.21M	$6.54M	+5.44%	0.03%	+0.0 bps	1
HPP	1,213,023	$4.56	—	$3.21	$5.53M	$3.89M	-29.61%	0.03%	-0.0 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%	+0.0 bps	1
HIW	157,100	$33.79	—	$29.43	$5.31M	$4.62M	-12.90%	0.03%	-0.0 bps	1
CCI	41,550	$105.85	—	$89.51	$4.4M	$3.72M	-15.44%	0.03%	-0.0 bps	1
VICI	146,190	$31.39	—	$30.11	$4.59M	$4.4M	-4.08%	0.03%	-0.0 bps	1
CHCT	215,630	$18.79	—	$19.98	$4.05M	$4.31M	+6.33%	0.02%	+0.0 bps	1
WELL	29,740	$138.20	—	$142.59	$4.11M	$4.24M	+3.18%	0.02%	+0.0 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%	-0.0 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%	+0.0 bps	1
FWONA	9,590	$75.00	—	$92.72	$719.25K	$889.18K	+23.63%	0.00%	+0.0 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
META	3,059,517	$488.92	—	$589.34	$1.5B	$1.8B	+20.54%	8.96%	+1.8 bps	1
COF	9,635,496	$132.29	—	$185.21	$1.27B	$1.78B	+40.00%	7.75%	+3.1 bps	1
BRK-A	1,831	$641000.00	—	$695878.00	$1.17B	$1.27B	+8.56%	6.51%	+0.6 bps	1
AMZN	5,720,344	$162.77	—	$208.18	$931.1M	$1.19B	+27.90%	6.42%	+1.8 bps	1
AMAT	4,185,924	$178.51	—	$192.03	$747.23M	$803.82M	+7.57%	5.74%	+0.4 bps	1
WFC	15,350,126	$52.29	—	$70.04	$802.66M	$1.08B	+33.95%	5.30%	+1.8 bps	1
HUM	2,311,362	$345.56	—	$288.12	$798.71M	$665.95M	-16.62%	5.02%	-0.8 bps	1
VTRS	57,535,953	$11.36	—	$12.96	$653.61M	$745.67M	+14.08%	3.55%	+0.5 bps	1
USB	14,228,444	$41.39	—	$50.21	$588.92M	$714.41M	+21.31%	3.28%	+0.7 bps	1
GOOGL	3,074,425	$158.94	—	$178.35	$488.65M	$548.32M	+12.21%	3.25%	+0.4 bps	1
TECK	11,530,660	$43.57	—	$48.69	$502.39M	$561.43M	+11.75%	3.21%	+0.4 bps	1
MGM	11,911,559	$36.44	—	$36.69	$434.06M	$437.04M	+0.69%	3.07%	+0.0 bps	1
CI	1,446,129	$329.01	—	$319.77	$475.79M	$462.43M	-2.81%	2.78%	-0.1 bps	1
TXN	2,361,294	$184.07	—	$220.29	$434.64M	$520.17M	+19.68%	2.67%	+0.5 bps	1
MKL	287,061	$1494.55	—	$1650.74	$429.03M	$473.86M	+10.45%	2.63%	+0.3 bps	1
BK	7,450,908	$61.70	—	$77.06	$459.72M	$574.17M	+24.89%	2.59%	+0.6 bps	1
OC	2,275,729	$154.02	—	$190.44	$350.51M	$433.39M	+23.65%	2.30%	+0.5 bps	1
INTC	12,642,316	$18.99	—	$26.20	$240.08M	$331.23M	+37.97%	2.27%	+0.9 bps	1
JPM	1,849,353	$200.40	—	$236.98	$370.61M	$438.26M	+18.25%	2.17%	+0.4 bps	1
BRK-B	810,163	$427.02	—	$463.41	$345.96M	$375.44M	+8.52%	1.91%	+0.2 bps	1
DGX	2,390,828	$146.13	—	$159.37	$349.37M	$381.03M	+9.06%	1.90%	+0.2 bps	1
CB	1,256,840	$265.71	—	$281.36	$333.95M	$353.62M	+5.89%	1.86%	+0.1 bps	1
SOLV	5,163,955	$55.90	—	$72.43	$288.67M	$374.03M	+29.57%	1.59%	+0.5 bps	1
TSN	3,105,330	$61.14	—	$59.59	$189.86M	$185.05M	-2.54%	1.03%	-0.0 bps	1
DUSA	3,385,789	$38.08	—	$43.99	$128.93M	$148.94M	+15.52%	0.80%	+0.1 bps	1
AGCO	1,357,633	$87.16	—	$91.86	$118.33M	$124.71M	+5.39%	0.77%	+0.0 bps	1
IAC	2,704,207	$48.57	—	$53.46	$131.34M	$144.57M	+10.07%	0.74%	+0.1 bps	1
CPNG	5,974,842	$21.21	—	$24.17	$126.73M	$144.41M	+13.96%	0.73%	+0.1 bps	1
GOOG	675,447	$160.75	—	$179.86	$108.58M	$121.49M	+11.89%	0.72%	+0.1 bps	1
MSFT	258,122	$398.43	—	$422.54	$102.84M	$109.07M	+6.05%	0.67%	+0.0 bps	1
JD	4,304,912	$25.33	—	$38.35	$109.04M	$165.09M	+51.40%	0.65%	+0.3 bps	1
DAR	2,837,718	$35.70	—	$40.68	$101.31M	$115.44M	+13.95%	0.61%	+0.1 bps	1
FITB	2,478,079	$39.02	—	$46.26	$96.69M	$114.64M	+18.55%	0.53%	+0.1 bps	1
BEKE	5,995,230	$13.23	—	$20.99	$79.32M	$125.84M	+58.65%	0.49%	+0.3 bps	1
AXP	363,803	$228.80	—	$287.60	$83.24M	$104.63M	+25.70%	0.49%	+0.1 bps	1
PNC	510,360	$166.75	—	$203.97	$85.1M	$104.1M	+22.32%	0.46%	+0.1 bps	1
DINT	3,866,428	$19.06	—	$23.71	$73.68M	$91.67M	+24.42%	0.45%	+0.1 bps	1
DFNL	2,128,485	$33.40	—	$39.71	$71.1M	$84.51M	+18.87%	0.41%	+0.1 bps	1
DWLD	1,916,112	$31.75	—	$38.70	$60.84M	$74.15M	+21.89%	0.37%	+0.1 bps	1
BAC	1,190,869	$37.30	—	$45.13	$44.42M	$53.74M	+20.99%	0.28%	+0.1 bps	1
L	626,859	$76.27	—	$83.11	$47.81M	$52.1M	+8.97%	0.27%	+0.0 bps	1
SE	652,316	$60.73	—	$93.56	$39.62M	$61.03M	+54.06%	0.27%	+0.1 bps	1
UNH	90,293	$566.08	—	$615.81	$51.11M	$55.6M	+8.79%	0.27%	+0.0 bps	1
RKT	3,217,609	$17.29	—	$15.87	$55.63M	$51.06M	-8.21%	0.26%	-0.0 bps	1
COP	379,971	$106.93	—	$111.59	$40.63M	$42.4M	+4.36%	0.25%	+0.0 bps	1
NTB	1,080,340	$34.43	—	$37.69	$37.2M	$40.72M	+9.47%	0.22%	+0.0 bps	1
WCC	193,646	$149.47	—	$205.78	$28.94M	$39.85M	+37.67%	0.18%	+0.1 bps	1
JCI	439,642	$65.76	—	$84.62	$28.91M	$37.2M	+28.68%	0.17%	+0.0 bps	1
FWONA	357,861	$70.66	—	$75.00	$25.29M	$26.84M	+6.14%	0.13%	+0.0 bps	1
SCHW	304,789	$62.22	—	$73.90	$18.96M	$22.52M	+18.77%	0.13%	+0.0 bps	1
CVS	364,782	$56.47	—	$55.54	$20.6M	$20.26M	-1.65%	0.13%	-0.0 bps	1
SAP	98,807	$201.59	—	$237.56	$19.92M	$23.47M	+17.84%	0.12%	+0.0 bps	1
ORCL	138,132	$125.90	—	$189.25	$17.39M	$26.14M	+50.32%	0.11%	+0.1 bps	1
NOAH	1,681,650	$7.48	—	$12.24	$12.58M	$20.58M	+63.64%	0.09%	+0.1 bps	1
EG	40,889	$360.63	—	$368.29	$14.75M	$15.06M	+2.12%	0.09%	+0.0 bps	1
BABA	169,908	$77.83	—	$94.19	$13.22M	$16M	+21.02%	0.07%	+0.0 bps	1
MBC	823,506	$15.10	—	$17.04	$12.43M	$14.03M	+12.85%	0.07%	+0.0 bps	1
YOU	589,764	$24.42	—	$27.77	$14.4M	$16.38M	+13.72%	0.06%	+0.0 bps	1
MTB	48,247	$159.76	—	$209.41	$7.71M	$10.1M	+31.08%	0.04%	+0.0 bps	1
TFC	134,912	$41.10	—	$45.22	$5.54M	$6.1M	+10.02%	0.03%	+0.0 bps	1
IVE	23,681	$182.94	—	$201.82	$4.33M	$4.78M	+10.32%	0.03%	+0.0 bps	1
STT	54,917	$76.48	—	$94.78	$4.2M	$5.21M	+23.93%	0.02%	+0.0 bps	1
BIDU	46,841	$82.01	—	$88.96	$3.84M	$4.17M	+8.47%	0.02%	+0.0 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%	+0.0 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
META	3,078,864	$468.01	—	$488.92	$1.44B	$1.51B	+4.47%	8.38%	+0.4 bps	1
COF	9,675,321	$142.20	—	$132.29	$1.38B	$1.28B	-6.97%	8.07%	-0.6 bps	1
WFC	23,503,511	$61.26	—	$52.29	$1.44B	$1.23B	-14.64%	7.64%	-1.1 bps	1
BRK-A	1,848	$621000.00	—	$641000.00	$1.15B	$1.18B	+3.22%	6.57%	+0.2 bps	1
AMZN	5,765,626	$186.57	—	$162.77	$1.08B	$938.47M	-12.76%	5.83%	-0.7 bps	1
AMAT	4,660,857	$206.63	—	$178.51	$963.07M	$832.01M	-13.61%	5.39%	-0.7 bps	1
HUM	1,990,129	$339.58	—	$345.56	$675.81M	$687.71M	+1.76%	3.87%	+0.1 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%	+0.0 bps	1
USB	14,185,007	$41.49	—	$41.39	$588.54M	$587.12M	-0.24%	3.55%	-0.0 bps	1
BK	10,283,435	$57.85	—	$61.70	$594.9M	$634.49M	+6.66%	3.32%	+0.2 bps	1
MGM	11,895,279	$40.93	—	$36.44	$486.87M	$433.46M	-10.97%	3.15%	-0.3 bps	1
TECK	11,584,005	$51.46	—	$43.57	$596.11M	$504.72M	-15.33%	2.97%	-0.5 bps	1
CI	1,453,170	$349.14	—	$329.01	$507.36M	$478.11M	-5.77%	2.96%	-0.2 bps	1
GOOGL	3,082,282	$169.14	—	$158.94	$521.34M	$489.9M	-6.03%	2.61%	-0.2 bps	1
MKL	286,091	$1634.47	—	$1494.55	$467.61M	$427.58M	-8.56%	2.44%	-0.2 bps	1
TXN	2,373,740	$187.82	—	$184.07	$445.84M	$436.93M	-2.00%	2.32%	-0.0 bps	1
OC	2,316,199	$175.66	—	$154.02	$406.86M	$356.74M	-12.32%	2.17%	-0.3 bps	1
BRK-B	809,942	$411.22	—	$427.02	$333.06M	$345.86M	+3.84%	1.91%	+0.1 bps	1
CB	1,262,467	$254.54	—	$265.71	$321.35M	$335.45M	+4.39%	1.83%	+0.1 bps	1
DGX	2,381,163	$140.78	—	$146.13	$335.22M	$347.96M	+3.80%	1.78%	+0.1 bps	1
INTC	6,791,218	$30.51	—	$18.99	$207.2M	$128.97M	-37.76%	1.68%	-0.6 bps	1
AXP	766,345	$238.65	—	$228.80	$182.89M	$175.34M	-4.13%	0.98%	-0.0 bps	1
AGCO	1,356,659	$116.25	—	$87.16	$157.71M	$118.25M	-25.02%	0.94%	-0.2 bps	1
IAC	2,703,237	$56.31	—	$48.57	$152.22M	$131.3M	-13.75%	0.81%	-0.1 bps	1
DUSA	3,385,789	$40.02	—	$38.08	$135.51M	$128.93M	-4.86%	0.77%	-0.0 bps	1
DAR	2,847,011	$46.63	—	$35.70	$132.76M	$101.64M	-23.44%	0.74%	-0.2 bps	1
JD	4,384,782	$33.78	—	$25.33	$148.12M	$111.07M	-25.01%	0.67%	-0.2 bps	1
MSFT	258,645	$413.72	—	$398.43	$107.01M	$103.05M	-3.70%	0.61%	-0.0 bps	1
CPNG	6,008,216	$22.22	—	$21.21	$133.5M	$127.43M	-4.55%	0.60%	-0.0 bps	1
GOOG	671,067	$170.90	—	$160.75	$114.69M	$107.87M	-5.94%	0.57%	-0.0 bps	1
FITB	2,485,189	$38.20	—	$39.02	$94.93M	$96.97M	+2.15%	0.52%	+0.0 bps	1
BEKE	6,010,085	$17.74	—	$13.23	$106.62M	$79.51M	-25.42%	0.46%	-0.1 bps	1
PNC	499,320	$158.05	—	$166.75	$78.92M	$83.26M	+5.50%	0.45%	+0.0 bps	1
DINT	3,866,428	$21.14	—	$19.06	$81.76M	$73.68M	-9.87%	0.42%	-0.0 bps	1
DFNL	2,128,485	$33.63	—	$33.40	$71.59M	$71.1M	-0.69%	0.40%	-0.0 bps	1
DWLD	1,916,112	$34.28	—	$31.75	$65.68M	$60.84M	-7.38%	0.35%	-0.0 bps	1
L	629,559	$77.34	—	$76.27	$48.69M	$48.02M	-1.38%	0.28%	-0.0 bps	1
RKT	3,234,359	$14.42	—	$17.29	$46.64M	$55.92M	+19.90%	0.26%	+0.1 bps	1
BAC	1,197,479	$38.21	—	$37.30	$45.76M	$44.67M	-2.38%	0.25%	-0.0 bps	1
UNH	89,853	$511.74	—	$566.08	$45.98M	$50.86M	+10.62%	0.25%	+0.0 bps	1
NTB	1,085,560	$35.33	—	$34.43	$38.35M	$37.38M	-2.55%	0.19%	-0.0 bps	1
WCC	190,822	$177.83	—	$149.47	$33.93M	$28.52M	-15.95%	0.18%	-0.0 bps	1
JCI	436,724	$66.06	—	$65.76	$28.85M	$28.72M	-0.45%	0.16%	-0.0 bps	1
PLD	181,256	$107.68	—	$120.15	$19.52M	$21.78M	+11.58%	0.13%	+0.0 bps	1
SAP	117,052	$189.96	—	$201.59	$22.24M	$23.6M	+6.12%	0.13%	+0.0 bps	1
SCHW	307,029	$74.70	—	$62.22	$22.94M	$19.1M	-16.71%	0.12%	-0.0 bps	1
FERG	99,207	$219.69	—	$194.52	$21.79M	$19.3M	-11.46%	0.12%	-0.0 bps	1
FWONA	368,843	$61.78	—	$70.66	$22.79M	$26.06M	+14.37%	0.12%	+0.0 bps	1
ARE	141,657	$120.72	—	$112.29	$17.1M	$15.91M	-6.98%	0.10%	-0.0 bps	1
ORCL	141,313	$116.37	—	$125.90	$16.44M	$17.79M	+8.19%	0.10%	+0.0 bps	1
SPG	107,610	$146.97	—	$152.92	$15.82M	$16.46M	+4.05%	0.09%	+0.0 bps	1
CUZ	682,895	$23.81	—	$26.76	$16.26M	$18.27M	+12.39%	0.09%	+0.0 bps	1
EG	41,209	$381.18	—	$360.63	$15.71M	$14.86M	-5.39%	0.09%	-0.0 bps	1
MBC	860,746	$17.09	—	$15.10	$14.71M	$13M	-11.64%	0.09%	-0.0 bps	1
PSA	52,660	$276.91	—	$310.15	$14.58M	$16.33M	+12.00%	0.09%	+0.0 bps	1
DLR	101,965	$143.09	—	$147.14	$14.59M	$15M	+2.83%	0.08%	+0.0 bps	1
BRX	615,590	$22.06	—	$24.94	$13.58M	$15.35M	+13.06%	0.08%	+0.0 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%	-0.0 bps	1
BABA	182,192	$84.60	—	$77.83	$15.41M	$14.18M	-8.00%	0.07%	-0.0 bps	1
AMT	66,680	$185.00	—	$225.97	$12.34M	$15.07M	+22.15%	0.07%	+0.0 bps	1
YOU	588,888	$17.75	—	$24.42	$10.45M	$14.38M	+37.58%	0.07%	+0.0 bps	1
VTR	285,910	$47.61	—	$57.80	$13.61M	$16.53M	+21.40%	0.07%	+0.0 bps	1
AVB	66,120	$196.99	—	$207.90	$13.02M	$13.75M	+5.54%	0.07%	+0.0 bps	1
WELL	129,970	$99.48	—	$114.82	$12.93M	$14.92M	+15.42%	0.07%	+0.0 bps	1
ESS	46,311	$260.56	—	$277.43	$12.07M	$12.85M	+6.47%	0.06%	+0.0 bps	1
REXR	209,610	$44.83	—	$48.83	$9.4M	$10.24M	+8.92%	0.06%	+0.0 bps	1
TRNO	158,617	$54.92	—	$65.89	$8.71M	$10.45M	+19.97%	0.06%	+0.0 bps	1
BXP	154,810	$62.75	—	$67.55	$9.71M	$10.46M	+7.65%	0.06%	+0.0 bps	1
SHO	816,380	$10.23	—	$9.46	$8.35M	$7.72M	-7.53%	0.05%	-0.0 bps	1
AMH	245,470	$35.93	—	$38.32	$8.82M	$9.41M	+6.65%	0.05%	+0.0 bps	1
EQR	139,705	$66.75	—	$70.04	$9.33M	$9.78M	+4.93%	0.05%	+0.0 bps	1
NOAH	758,528	$14.57	—	$7.48	$11.05M	$5.67M	-48.66%	0.05%	-0.0 bps	1
UDR	201,630	$39.12	—	$41.15	$7.89M	$8.3M	+5.19%	0.04%	+0.0 bps	1
REG	121,340	$59.80	—	$69.61	$7.26M	$8.45M	+16.40%	0.04%	+0.0 bps	1
MTB	48,247	$153.79	—	$159.76	$7.42M	$7.71M	+3.88%	0.04%	+0.0 bps	1
CPT	70,480	$106.74	—	$117.90	$7.52M	$8.31M	+10.46%	0.04%	+0.0 bps	1
FRT	61,360	$102.46	—	$112.00	$6.29M	$6.87M	+9.31%	0.04%	+0.0 bps	1
SUI	48,740	$117.76	—	$128.89	$5.74M	$6.28M	+9.45%	0.04%	+0.0 bps	1
EXR	39,945	$147.89	—	$161.63	$5.91M	$6.46M	+9.29%	0.03%	+0.0 bps	1
CHCT	220,150	$24.00	—	$19.00	$5.28M	$4.18M	-20.83%	0.03%	-0.0 bps	1
TFC	134,912	$39.18	—	$41.10	$5.29M	$5.54M	+4.90%	0.03%	+0.0 bps	1
BIDU	47,337	$111.79	—	$82.01	$5.29M	$3.88M	-26.64%	0.03%	-0.0 bps	1
SLG	84,220	$53.00	—	$61.50	$4.46M	$5.18M	+16.04%	0.03%	+0.0 bps	1
CCI	41,990	$100.04	—	$111.27	$4.2M	$4.67M	+11.23%	0.02%	+0.0 bps	1
HPP	687,953	$5.53	—	$5.37	$3.8M	$3.69M	-2.89%	0.02%	-0.0 bps	1
VICI	147,470	$29.61	—	$31.48	$4.37M	$4.64M	+6.32%	0.02%	+0.0 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%	+0.0 bps	1
DEI	256,700	$14.44	—	$15.11	$3.71M	$3.88M	+4.64%	0.02%	+0.0 bps	1
LRCX	1,228	$903.79	—	$748.05	$1.11M	$918.61K	-17.23%	0.01%	-0.0 bps	1
RH	2,240	$292.25	—	$247.68	$654.64K	$554.8K	-15.25%	0.00%	-0.0 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
WFC	29,354,991	$48.92	—	$61.26	$1.44B	$1.8B	+25.22%	8.16%	+2.1 bps	1
COF	10,891,619	$137.48	—	$142.20	$1.5B	$1.55B	+3.43%	8.07%	+0.3 bps	1
META	3,957,652	$468.90	—	$468.01	$1.86B	$1.85B	-0.19%	7.92%	-0.0 bps	1
AMZN	7,013,917	$172.34	—	$186.57	$1.21B	$1.31B	+8.26%	6.02%	+0.5 bps	1
BRK-A	1,883	$597092.00	—	$621000.00	$1.12B	$1.17B	+4.00%	5.77%	+0.2 bps	1
AMAT	5,937,245	$185.54	—	$206.63	$1.1B	$1.23B	+11.37%	5.44%	+0.6 bps	1
JPM	3,993,234	$175.79	—	$198.73	$701.97M	$793.58M	+13.05%	3.84%	+0.5 bps	1
VTRS	62,661,728	$11.95	—	$11.36	$748.81M	$711.84M	-4.94%	3.83%	-0.2 bps	1
USB	15,286,371	$41.07	—	$41.49	$627.81M	$634.23M	+1.02%	3.74%	+0.0 bps	1
BK	12,602,375	$55.62	—	$57.85	$700.94M	$729.05M	+4.01%	3.71%	+0.1 bps	1
TECK	12,769,491	$37.66	—	$51.46	$480.9M	$657.12M	+36.64%	3.05%	+1.1 bps	1
CI	1,653,283	$337.25	—	$349.14	$557.57M	$577.23M	+3.53%	2.80%	+0.1 bps	1
GOOGL	3,522,043	$147.53	—	$169.14	$519.61M	$595.72M	+14.65%	2.78%	+0.4 bps	1
MGM	10,332,109	$47.02	—	$40.93	$485.82M	$422.89M	-12.95%	2.61%	-0.3 bps	1
INTC	9,035,759	$44.03	—	$30.51	$397.84M	$275.68M	-30.71%	2.57%	-0.8 bps	1
TXN	2,650,737	$161.08	—	$187.82	$426.98M	$497.86M	+16.60%	2.55%	+0.4 bps	1
MKL	300,604	$1443.97	—	$1634.47	$434.06M	$491.33M	+13.19%	2.41%	+0.3 bps	1
OC	2,685,808	$149.25	—	$175.66	$400.86M	$471.79M	+17.70%	2.25%	+0.4 bps	1
BRK-B	1,098,843	$397.71	—	$411.22	$437.02M	$451.87M	+3.40%	2.21%	+0.1 bps	1
DGX	2,666,564	$130.01	—	$140.78	$346.68M	$375.4M	+8.28%	2.08%	+0.2 bps	1
CB	1,399,886	$248.01	—	$254.54	$347.19M	$356.33M	+2.63%	1.79%	+0.0 bps	1
AGCO	1,512,163	$116.67	—	$116.25	$176.42M	$175.79M	-0.36%	1.04%	-0.0 bps	1
AXP	903,491	$212.26	—	$238.65	$191.77M	$215.62M	+12.43%	0.96%	+0.1 bps	1
DAR	3,075,812	$43.10	—	$46.63	$132.57M	$143.43M	+8.19%	0.87%	+0.1 bps	1
IAC	2,910,455	$52.98	—	$56.31	$154.2M	$163.89M	+6.29%	0.86%	+0.1 bps	1
JD	4,490,036	$22.89	—	$33.78	$102.78M	$151.67M	+47.58%	0.73%	+0.3 bps	1
MSFT	333,476	$415.26	—	$413.72	$138.48M	$137.97M	-0.37%	0.71%	-0.0 bps	1
DUSA	3,390,041	$37.96	—	$40.02	$128.69M	$135.68M	+5.44%	0.68%	+0.0 bps	1
L	1,450,893	$73.10	—	$77.34	$106.06M	$112.21M	+5.80%	0.57%	+0.0 bps	1
CPNG	6,145,093	$15.00	—	$22.22	$92.18M	$136.54M	+48.13%	0.56%	+0.3 bps	1
GOOG	699,392	$148.73	—	$170.90	$104.02M	$119.53M	+14.91%	0.56%	+0.1 bps	1
FITB	2,502,465	$34.11	—	$38.20	$85.36M	$95.59M	+11.99%	0.49%	+0.1 bps	1
PNC	502,758	$149.14	—	$158.05	$74.98M	$79.46M	+5.97%	0.44%	+0.0 bps	1
BEKE	4,711,272	$13.61	—	$17.74	$64.12M	$83.58M	+30.35%	0.43%	+0.1 bps	1
DINT	3,916,775	$17.88	—	$21.14	$70.03M	$82.82M	+18.26%	0.41%	+0.1 bps	1
DFNL	2,138,178	$30.72	—	$33.63	$65.69M	$71.91M	+9.47%	0.37%	+0.0 bps	1
DWLD	1,953,004	$30.45	—	$34.28	$59.47M	$66.95M	+12.58%	0.33%	+0.0 bps	1
UNH	108,331	$517.64	—	$511.74	$56.08M	$55.44M	-1.14%	0.32%	-0.0 bps	1
NTB	1,726,478	$30.08	—	$35.33	$51.93M	$61M	+17.45%	0.31%	+0.1 bps	1
RKT	3,282,563	$12.10	—	$14.42	$39.72M	$47.33M	+19.17%	0.27%	+0.1 bps	1
BAC	1,215,443	$33.62	—	$38.21	$40.86M	$46.44M	+13.65%	0.23%	+0.0 bps	1
FERG	206,170	$198.00	—	$219.69	$40.82M	$45.29M	+10.95%	0.22%	+0.0 bps	1
ETN	145,440	$274.05	—	$328.51	$39.86M	$47.78M	+19.87%	0.20%	+0.0 bps	1
WCC	187,354	$192.53	—	$177.83	$36.07M	$33.32M	-7.64%	0.18%	-0.0 bps	1
JCI	515,723	$55.46	—	$66.06	$28.6M	$34.07M	+19.11%	0.17%	+0.0 bps	1
MBC	2,000,385	$14.99	—	$17.09	$29.99M	$34.19M	+14.01%	0.17%	+0.0 bps	1
CARR	514,650	$56.04	—	$64.33	$28.84M	$33.11M	+14.79%	0.17%	+0.0 bps	1
FWONA	488,300	$61.19	—	$61.78	$29.88M	$30.17M	+0.96%	0.16%	+0.0 bps	1
PLD	190,596	$132.05	—	$107.68	$25.17M	$20.52M	-18.46%	0.14%	-0.0 bps	1
IVE	139,545	$176.62	—	$184.16	$24.65M	$25.7M	+4.27%	0.14%	+0.0 bps	1
SAP	139,367	$179.39	—	$189.96	$25M	$26.47M	+5.89%	0.12%	+0.0 bps	1
SCHW	311,523	$64.50	—	$74.70	$20.09M	$23.27M	+15.81%	0.12%	+0.0 bps	1
HUM	43,563	$369.14	—	$339.58	$16.08M	$14.79M	-8.01%	0.11%	-0.0 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%	+0.0 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%	-0.0 bps	1
BRX	711,430	$22.55	—	$22.06	$16.04M	$15.69M	-2.17%	0.09%	-0.0 bps	1
CVS	206,414	$77.29	—	$56.47	$15.95M	$11.66M	-26.94%	0.09%	-0.0 bps	1
FWONK	257,802	$67.93	—	$68.95	$17.51M	$17.78M	+1.50%	0.09%	+0.0 bps	1
SPG	111,280	$145.70	—	$146.97	$16.21M	$16.35M	+0.87%	0.09%	+0.0 bps	1
EG	41,963	$360.93	—	$381.18	$15.15M	$16M	+5.61%	0.08%	+0.0 bps	1
VTR	290,590	$45.28	—	$47.61	$13.16M	$13.83M	+5.15%	0.08%	+0.0 bps	1
EQIX	17,848	$849.98	—	$776.89	$15.17M	$13.87M	-8.60%	0.08%	-0.0 bps	1
BABA	182,114	$73.14	—	$84.60	$13.32M	$15.41M	+15.67%	0.08%	+0.0 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%	+0.0 bps	1
ESS	55,751	$230.78	—	$260.56	$12.87M	$14.53M	+12.90%	0.08%	+0.0 bps	1
YOU	649,513	$19.93	—	$17.75	$12.94M	$11.53M	-10.94%	0.08%	-0.0 bps	1
AMT	58,190	$191.77	—	$185.00	$11.16M	$10.77M	-3.53%	0.07%	-0.0 bps	1
TRNO	199,937	$63.21	—	$54.92	$12.64M	$10.98M	-13.12%	0.07%	-0.0 bps	1
WELL	134,350	$87.55	—	$99.48	$11.76M	$13.37M	+13.63%	0.07%	+0.0 bps	1
BXP	157,340	$65.44	—	$62.75	$10.3M	$9.87M	-4.11%	0.06%	-0.0 bps	1
NOAH	773,993	$12.09	—	$14.57	$9.36M	$11.28M	+20.51%	0.06%	+0.0 bps	1
AMH	254,160	$34.68	—	$35.93	$8.81M	$9.13M	+3.60%	0.05%	+0.0 bps	1
SHO	846,280	$10.76	—	$10.23	$9.11M	$8.66M	-4.93%	0.05%	-0.0 bps	1
REXR	159,280	$52.34	—	$44.83	$8.34M	$7.14M	-14.35%	0.05%	-0.0 bps	1
EQR	144,915	$59.20	—	$66.75	$8.58M	$9.67M	+12.75%	0.05%	+0.0 bps	1
REG	122,890	$60.70	—	$59.80	$7.46M	$7.35M	-1.48%	0.05%	-0.0 bps	1
UDR	204,760	$35.57	—	$39.12	$7.28M	$8.01M	+9.98%	0.04%	+0.0 bps	1
MTB	49,385	$136.73	—	$153.79	$6.75M	$7.59M	+12.48%	0.04%	+0.0 bps	1
EXR	41,275	$142.02	—	$147.89	$5.86M	$6.1M	+4.13%	0.04%	+0.0 bps	1
SUI	49,380	$125.91	—	$117.76	$6.22M	$5.81M	-6.47%	0.04%	-0.0 bps	1
HPP	693,643	$8.04	—	$5.53	$5.58M	$3.84M	-31.22%	0.04%	-0.0 bps	1
FRT	62,280	$100.71	—	$102.46	$6.27M	$6.38M	+1.74%	0.04%	+0.0 bps	1
CHCT	223,100	$27.55	—	$24.00	$6.15M	$5.35M	-12.89%	0.03%	-0.0 bps	1
BIDU	46,357	$106.71	—	$111.79	$4.95M	$5.18M	+4.76%	0.03%	+0.0 bps	1
TFC	144,376	$36.01	—	$39.18	$5.2M	$5.66M	+8.80%	0.03%	+0.0 bps	1
CCI	42,550	$108.19	—	$100.04	$4.6M	$4.26M	-7.53%	0.03%	-0.0 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%	+0.0 bps	1
STT	55,273	$73.60	—	$76.16	$4.07M	$4.21M	+3.48%	0.02%	+0.0 bps	1
SLG	85,380	$45.53	—	$53.00	$3.89M	$4.53M	+16.41%	0.02%	+0.0 bps	1
DEI	260,100	$13.63	—	$14.44	$3.55M	$3.76M	+5.94%	0.02%	+0.0 bps	1
HIW	162,490	$24.60	—	$27.08	$4M	$4.4M	+10.08%	0.02%	+0.0 bps	1
CUBE	72,040	$43.67	—	$42.37	$3.15M	$3.05M	-2.98%	0.02%	-0.0 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
META	4,888,906	$320.55	—	$468.90	$1.57B	$2.29B	+46.28%	9.20%	+4.3 bps	1
WFC	30,313,265	$40.40	—	$48.92	$1.22B	$1.48B	+21.09%	7.77%	+1.6 bps	1
COF	11,089,149	$104.49	—	$137.48	$1.16B	$1.52B	+31.57%	6.75%	+2.1 bps	1
BRK-A	1,976	$528225.00	—	$597092.00	$1.04B	$1.18B	+13.04%	6.59%	+0.9 bps	1
AMZN	7,431,131	$140.60	—	$172.34	$1.04B	$1.28B	+22.57%	5.92%	+1.3 bps	1
AMAT	6,809,823	$143.17	—	$185.54	$974.96M	$1.26B	+29.59%	5.91%	+1.7 bps	1
VTRS	64,063,785	$9.06	—	$11.95	$580.42M	$765.56M	+31.90%	3.96%	+1.3 bps	1
JPM	4,137,185	$144.29	—	$175.79	$596.95M	$727.28M	+21.83%	3.76%	+0.8 bps	1
TECK	12,875,150	$34.45	—	$37.66	$443.55M	$484.88M	+9.32%	3.48%	+0.3 bps	1
BK	12,996,471	$45.04	—	$55.62	$585.36M	$722.86M	+23.49%	3.48%	+0.8 bps	1
USB	15,340,624	$33.91	—	$41.07	$520.2M	$630.04M	+21.11%	3.18%	+0.7 bps	1
OC	3,684,624	$121.72	—	$149.25	$448.49M	$549.93M	+22.62%	3.15%	+0.7 bps	1
CI	1,700,471	$288.91	—	$337.25	$491.28M	$573.48M	+16.73%	3.05%	+0.5 bps	1
GOOGL	3,568,210	$130.24	—	$147.53	$464.72M	$526.42M	+13.28%	2.93%	+0.4 bps	1
TXN	2,722,415	$143.27	—	$161.08	$390.04M	$438.53M	+12.43%	2.71%	+0.3 bps	1
BRK-B	1,115,427	$348.18	—	$397.71	$388.37M	$443.62M	+14.23%	2.45%	+0.3 bps	1
MKL	262,103	$1343.09	—	$1443.97	$352.03M	$378.47M	+7.51%	2.42%	+0.2 bps	1
MGM	9,845,345	$38.21	—	$47.02	$376.19M	$462.93M	+23.06%	2.27%	+0.5 bps	1
INTC	9,385,423	$37.80	—	$44.03	$354.77M	$413.24M	+16.48%	2.09%	+0.3 bps	1
CB	1,453,549	$218.83	—	$248.01	$318.08M	$360.49M	+13.33%	1.90%	+0.3 bps	1
DGX	1,667,698	$131.64	—	$130.01	$219.54M	$216.82M	-1.24%	1.27%	-0.0 bps	1
DAR	3,109,149	$42.72	—	$43.10	$132.82M	$134M	+0.89%	1.02%	+0.0 bps	1
IAC	2,960,918	$43.94	—	$52.98	$130.1M	$156.87M	+20.57%	0.94%	+0.2 bps	1
AXP	932,300	$152.37	—	$212.26	$142.05M	$197.89M	+39.31%	0.87%	+0.3 bps	1
JD	4,769,477	$25.75	—	$22.89	$122.81M	$109.17M	-11.11%	0.87%	-0.1 bps	1
CPNG	6,415,197	$15.17	—	$15.00	$97.32M	$96.23M	-1.12%	0.68%	-0.0 bps	1
MSFT	336,436	$360.69	—	$415.26	$121.35M	$139.71M	+15.13%	0.67%	+0.1 bps	1
DUSA	3,332,430	$32.02	—	$37.96	$106.69M	$126.5M	+18.57%	0.66%	+0.1 bps	1
L	1,515,387	$65.25	—	$73.10	$98.88M	$110.77M	+12.03%	0.60%	+0.1 bps	1
GOOG	712,177	$131.69	—	$148.73	$93.79M	$105.92M	+12.94%	0.59%	+0.1 bps	1
NTB	3,204,685	$25.78	—	$30.08	$82.62M	$96.4M	+16.68%	0.54%	+0.1 bps	1
BAC	2,766,991	$27.53	—	$33.62	$76.18M	$93.03M	+22.12%	0.48%	+0.1 bps	1
DINT	3,893,199	$17.51	—	$17.88	$68.17M	$69.61M	+2.11%	0.44%	+0.0 bps	1
FITB	2,497,371	$24.82	—	$34.11	$61.98M	$85.19M	+37.43%	0.40%	+0.1 bps	1
UNH	113,684	$539.00	—	$517.64	$61.28M	$58.85M	-3.96%	0.36%	-0.0 bps	1
DFNL	2,112,316	$26.59	—	$30.72	$56.16M	$64.9M	+15.55%	0.35%	+0.1 bps	1
BEKE	3,502,766	$14.57	—	$13.61	$51.04M	$47.67M	-6.59%	0.34%	-0.0 bps	1
DWLD	1,941,227	$27.52	—	$30.45	$53.42M	$59.11M	+10.65%	0.33%	+0.0 bps	1
PNC	427,564	$119.36	—	$149.14	$51.03M	$63.77M	+24.95%	0.33%	+0.1 bps	1
FERG	237,800	$156.81	—	$198.00	$37.29M	$47.08M	+26.27%	0.25%	+0.1 bps	1
ETN	146,334	$218.38	—	$274.05	$31.96M	$40.1M	+25.49%	0.20%	+0.0 bps	1
FWONA	514,877	$58.35	—	$61.19	$30.04M	$31.51M	+4.87%	0.18%	+0.0 bps	1
CARR	513,418	$50.43	—	$56.04	$25.89M	$28.77M	+11.12%	0.18%	+0.0 bps	1
RKT	3,410,601	$7.86	—	$12.10	$26.81M	$41.27M	+53.94%	0.17%	+0.1 bps	1
MBC	2,272,376	$11.79	—	$14.99	$26.79M	$34.06M	+27.14%	0.17%	+0.0 bps	1
JCI	509,477	$50.25	—	$55.46	$25.6M	$28.26M	+10.37%	0.17%	+0.0 bps	1
PLD	210,196	$103.28	—	$132.05	$21.71M	$27.76M	+27.86%	0.15%	+0.0 bps	1
HUM	43,564	$495.18	—	$369.14	$21.57M	$16.08M	-25.45%	0.13%	-0.0 bps	1
ORCL	186,945	$112.18	—	$115.84	$20.97M	$21.66M	+3.26%	0.12%	+0.0 bps	1
WCC	133,510	$137.29	—	$192.53	$18.33M	$25.7M	+40.24%	0.12%	+0.0 bps	1
SAP	140,912	$142.45	—	$179.39	$20.07M	$25.28M	+25.93%	0.11%	+0.0 bps	1
SCHW	322,279	$54.16	—	$64.50	$17.45M	$20.79M	+19.09%	0.11%	+0.0 bps	1
FWONK	265,230	$65.80	—	$67.93	$17.45M	$18.02M	+3.24%	0.10%	+0.0 bps	1
EG	43,655	$380.17	—	$360.93	$16.6M	$15.76M	-5.06%	0.10%	-0.0 bps	1
BABA	183,624	$82.73	—	$73.14	$15.19M	$13.43M	-11.59%	0.10%	-0.0 bps	1
PSA	57,800	$246.61	—	$281.34	$14.25M	$16.26M	+14.08%	0.10%	+0.0 bps	1
BRX	709,290	$20.85	—	$22.55	$14.79M	$15.99M	+8.15%	0.09%	+0.0 bps	1
CVS	204,632	$66.74	—	$77.29	$13.66M	$15.82M	+15.81%	0.09%	+0.0 bps	1
CUZ	692,495	$18.46	—	$23.73	$12.78M	$16.43M	+28.55%	0.09%	+0.0 bps	1
AVB	81,040	$166.37	—	$174.36	$13.48M	$14.13M	+4.80%	0.09%	+0.0 bps	1
SPG	128,130	$113.79	—	$145.70	$14.58M	$18.67M	+28.04%	0.09%	+0.0 bps	1
EQIX	18,918	$757.01	—	$849.98	$14.32M	$16.08M	+12.28%	0.09%	+0.0 bps	1
YOU	663,985	$18.65	—	$19.93	$12.38M	$13.23M	+6.86%	0.08%	+0.0 bps	1
DLR	103,395	$127.61	—	$143.80	$13.19M	$14.87M	+12.69%	0.08%	+0.0 bps	1
WELL	152,690	$84.64	—	$87.55	$12.92M	$13.37M	+3.44%	0.08%	+0.0 bps	1
ESS	57,191	$207.57	—	$230.78	$11.87M	$13.2M	+11.18%	0.08%	+0.0 bps	1
ARE	119,407	$94.58	—	$117.95	$11.29M	$14.08M	+24.71%	0.07%	+0.0 bps	1
TRNO	199,417	$54.03	—	$63.21	$10.77M	$12.61M	+16.99%	0.07%	+0.0 bps	1
VTR	251,370	$42.08	—	$45.28	$10.58M	$11.38M	+7.60%	0.07%	+0.0 bps	1
NOAH	786,389	$11.36	—	$12.09	$8.93M	$9.51M	+6.43%	0.06%	+0.0 bps	1
BXP	156,890	$52.19	—	$65.44	$8.19M	$10.27M	+25.39%	0.06%	+0.0 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%	+0.0 bps	1
EQR	144,555	$53.71	—	$59.20	$7.76M	$8.56M	+10.22%	0.05%	+0.0 bps	1
SHO	843,340	$9.47	—	$10.76	$7.99M	$9.07M	+13.62%	0.05%	+0.0 bps	1
AMT	44,780	$181.84	—	$191.77	$8.14M	$8.59M	+5.46%	0.05%	+0.0 bps	1
REG	122,890	$59.41	—	$60.70	$7.3M	$7.46M	+2.17%	0.05%	+0.0 bps	1
REXR	144,090	$44.54	—	$52.34	$6.42M	$7.54M	+17.51%	0.04%	+0.0 bps	1
DEI	512,980	$11.25	—	$13.63	$5.77M	$6.99M	+21.16%	0.04%	+0.0 bps	1
BIDU	46,112	$105.16	—	$106.71	$4.85M	$4.92M	+1.47%	0.04%	+0.0 bps	1
MTB	48,705	$117.35	—	$136.73	$5.72M	$6.66M	+16.51%	0.04%	+0.0 bps	1
EXR	49,375	$118.10	—	$142.02	$5.83M	$7.01M	+20.25%	0.04%	+0.0 bps	1
SUI	49,380	$114.39	—	$125.91	$5.65M	$6.22M	+10.07%	0.04%	+0.0 bps	1
CPT	58,360	$87.11	—	$94.19	$5.08M	$5.5M	+8.13%	0.03%	+0.0 bps	1
FRT	54,200	$91.53	—	$100.71	$4.96M	$5.46M	+10.03%	0.03%	+0.0 bps	1
CHCT	163,400	$25.72	—	$27.55	$4.2M	$4.5M	+7.12%	0.03%	+0.0 bps	1
HPP	693,643	$5.38	—	$8.04	$3.73M	$5.58M	+49.44%	0.03%	+0.0 bps	1
VICI	152,200	$28.11	—	$29.71	$4.28M	$4.52M	+5.69%	0.03%	+0.0 bps	1
TFC	146,866	$29.15	—	$36.01	$4.28M	$5.29M	+23.53%	0.03%	+0.0 bps	1
STT	55,919	$66.52	—	$73.60	$3.72M	$4.12M	+10.64%	0.02%	+0.0 bps	1
CUBE	97,370	$36.60	—	$43.67	$3.56M	$4.25M	+19.32%	0.02%	+0.0 bps	1
HIW	162,490	$17.97	—	$24.60	$2.92M	$4M	+36.89%	0.02%	+0.0 bps	1
SLG	85,380	$30.60	—	$45.53	$2.61M	$3.89M	+48.79%	0.02%	+0.0 bps	1
CCI	33,920	$95.62	—	$108.19	$3.24M	$3.67M	+13.15%	0.02%	+0.0 bps	1
IVE	17,162	$155.94	—	$176.62	$2.68M	$3.03M	+13.26%	0.02%	+0.0 bps	1
NTST	160,780	$15.14	—	$17.33	$2.43M	$2.79M	+14.47%	0.02%	+0.0 bps	1
IQ	254,236	$4.85	—	$3.49	$1.23M	$887.28K	-28.04%	0.01%	-0.0 bps	1
LRCX	1,228	$650.26	—	$908.00	$798.52K	$1.12M	+39.64%	0.00%	+0.0 bps	1
RH	2,240	$228.50	—	$278.79	$511.84K	$624.49K	+22.01%	0.00%	+0.0 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
META	5,715,317	$305.21	—	$320.55	$1.74B	$1.83B	+5.03%	9.99%	+0.5 bps	1
WFC	30,739,720	$43.72	—	$40.40	$1.34B	$1.24B	-7.59%	7.99%	-0.6 bps	1
COF	11,264,109	$111.81	—	$104.49	$1.26B	$1.18B	-6.55%	7.51%	-0.5 bps	1
AMZN	8,229,601	$137.85	—	$140.60	$1.13B	$1.16B	+1.99%	6.54%	+0.1 bps	1
BRK-A	2,015	$545280.00	—	$528225.00	$1.1B	$1.06B	-3.13%	6.36%	-0.2 bps	1
AMAT	6,945,026	$145.16	—	$143.17	$1.01B	$994.32M	-1.37%	6.12%	-0.1 bps	1
VTRS	62,948,155	$11.26	—	$9.06	$708.8M	$570.31M	-19.54%	3.83%	-0.7 bps	1
JPM	4,206,087	$153.79	—	$144.29	$646.85M	$606.9M	-6.18%	3.73%	-0.2 bps	1
BK	13,129,195	$45.27	—	$45.04	$594.36M	$591.34M	-0.51%	3.56%	-0.0 bps	1
OC	4,175,279	$142.00	—	$121.72	$592.89M	$508.21M	-14.28%	3.32%	-0.5 bps	1
TECK	12,903,889	$41.50	—	$34.45	$535.51M	$444.54M	-16.99%	3.31%	-0.6 bps	1
USB	15,422,333	$39.65	—	$33.91	$611.5M	$522.97M	-14.48%	3.10%	-0.4 bps	1
TXN	2,795,495	$167.27	—	$143.27	$467.6M	$400.51M	-14.35%	3.07%	-0.4 bps	1
CI	1,722,146	$288.33	—	$288.91	$496.55M	$497.55M	+0.20%	2.94%	+0.0 bps	1
GOOGL	3,606,619	$129.66	—	$130.24	$467.63M	$469.73M	+0.45%	2.63%	+0.0 bps	1
BRK-B	1,133,346	$358.02	—	$348.18	$405.76M	$394.61M	-2.75%	2.35%	-0.1 bps	1
INTC	11,291,159	$34.28	—	$37.80	$387.06M	$426.81M	+10.27%	2.30%	+0.2 bps	1
MKL	265,233	$1502.01	—	$1343.09	$398.38M	$356.23M	-10.58%	2.24%	-0.2 bps	1
CB	1,479,094	$201.00	—	$218.83	$297.3M	$323.67M	+8.87%	1.74%	+0.2 bps	1
DGX	1,513,888	$135.34	—	$131.64	$204.89M	$199.29M	-2.73%	1.30%	-0.0 bps	1
DAR	3,189,114	$65.89	—	$42.72	$210.13M	$136.24M	-35.16%	1.24%	-0.4 bps	1
AXP	950,068	$163.82	—	$152.37	$155.64M	$144.76M	-6.99%	1.01%	-0.1 bps	1
JD	4,835,578	$37.67	—	$25.75	$182.16M	$124.52M	-31.64%	1.01%	-0.3 bps	1
IAC	2,532,853	$56.13	—	$43.94	$142.18M	$111.29M	-21.72%	0.97%	-0.2 bps	1
MSFT	345,390	$322.23	—	$360.69	$111.3M	$124.58M	+11.94%	0.72%	+0.1 bps	1
CPNG	6,513,579	$19.30	—	$15.17	$125.71M	$98.81M	-21.40%	0.69%	-0.1 bps	1
DUSA	3,332,430	$33.53	—	$32.02	$111.74M	$106.69M	-4.52%	0.65%	-0.0 bps	1
L	1,549,767	$63.17	—	$65.25	$97.9M	$101.12M	+3.29%	0.56%	+0.0 bps	1
NTB	3,222,053	$30.50	—	$25.78	$98.27M	$83.06M	-15.48%	0.54%	-0.1 bps	1
GOOG	728,618	$130.15	—	$131.69	$94.83M	$95.95M	+1.18%	0.54%	+0.0 bps	1
BAC	2,827,109	$30.86	—	$27.53	$87.24M	$77.83M	-10.79%	0.49%	-0.1 bps	1
DINT	3,893,199	$19.36	—	$17.51	$75.37M	$68.17M	-9.56%	0.45%	-0.0 bps	1
FITB	2,467,424	$27.50	—	$24.82	$67.85M	$61.24M	-9.75%	0.39%	-0.0 bps	1
DFNL	2,112,316	$28.64	—	$26.59	$60.5M	$56.16M	-7.16%	0.35%	-0.0 bps	1
DWLD	1,941,227	$29.70	—	$27.52	$57.66M	$53.42M	-7.35%	0.34%	-0.0 bps	1
UNH	113,794	$502.11	—	$539.00	$57.14M	$61.33M	+7.35%	0.33%	+0.0 bps	1
PNC	428,713	$127.35	—	$119.36	$54.6M	$51.17M	-6.27%	0.33%	-0.0 bps	1
FERG	238,906	$159.01	—	$156.81	$37.99M	$37.46M	-1.38%	0.23%	-0.0 bps	1
FWONA	519,103	$61.78	—	$58.35	$32.07M	$30.29M	-5.55%	0.21%	-0.0 bps	1
JCI	512,959	$60.59	—	$50.25	$31.08M	$25.78M	-17.07%	0.21%	-0.0 bps	1
ETN	170,033	$217.83	—	$218.38	$37.04M	$37.13M	+0.25%	0.21%	+0.0 bps	1
RKT	3,493,673	$11.49	—	$7.86	$40.14M	$27.46M	-31.59%	0.19%	-0.1 bps	1
CARR	624,528	$56.16	—	$50.43	$35.07M	$31.49M	-10.20%	0.19%	-0.0 bps	1
MBC	2,269,926	$12.56	—	$11.79	$28.51M	$26.76M	-6.13%	0.16%	-0.0 bps	1
PLD	210,196	$122.60	—	$103.28	$25.77M	$21.71M	-15.76%	0.16%	-0.0 bps	1
WCC	133,262	$151.33	—	$137.29	$20.17M	$18.3M	-9.28%	0.15%	-0.0 bps	1
ORCL	195,460	$113.10	—	$112.18	$22.11M	$21.93M	-0.81%	0.14%	-0.0 bps	1
FWONK	267,808	$70.23	—	$65.80	$18.81M	$17.62M	-6.31%	0.12%	-0.0 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%	+0.0 bps	1
SCHW	329,998	$65.29	—	$54.16	$21.55M	$17.87M	-17.05%	0.11%	-0.0 bps	1
AVB	95,050	$185.33	—	$166.37	$17.62M	$15.81M	-10.23%	0.11%	-0.0 bps	1
PSA	61,030	$286.33	—	$246.61	$17.47M	$15.05M	-13.87%	0.11%	-0.0 bps	1
ESS	68,221	$241.32	—	$207.57	$16.46M	$14.16M	-13.99%	0.10%	-0.0 bps	1
CUZ	692,495	$23.31	—	$18.46	$16.14M	$12.78M	-20.81%	0.10%	-0.0 bps	1
YOU	673,582	$22.80	—	$18.65	$15.36M	$12.56M	-18.20%	0.10%	-0.0 bps	1
SPG	134,770	$118.80	—	$113.79	$16.01M	$15.34M	-4.22%	0.09%	-0.0 bps	1
BABA	184,714	$94.85	—	$82.73	$17.52M	$15.28M	-12.78%	0.09%	-0.0 bps	1
EG	44,858	$359.00	—	$380.17	$16.1M	$17.05M	+5.90%	0.09%	+0.0 bps	1
BRX	690,910	$22.96	—	$20.85	$15.86M	$14.41M	-9.19%	0.09%	-0.0 bps	1
EQIX	18,918	$774.49	—	$757.01	$14.65M	$14.32M	-2.26%	0.09%	-0.0 bps	1
WELL	181,550	$85.47	—	$84.64	$15.52M	$15.37M	-0.97%	0.09%	-0.0 bps	1
CVS	207,809	$74.60	—	$66.74	$15.5M	$13.87M	-10.54%	0.09%	-0.0 bps	1
ARE	116,247	$122.43	—	$94.58	$14.23M	$10.99M	-22.75%	0.08%	-0.0 bps	1
AMT	63,430	$187.10	—	$181.84	$11.87M	$11.53M	-2.81%	0.07%	-0.0 bps	1
VTR	250,260	$44.51	—	$42.08	$11.14M	$10.53M	-5.46%	0.07%	-0.0 bps	1
DLR	103,395	$119.31	—	$127.61	$12.34M	$13.19M	+6.96%	0.07%	+0.0 bps	1
TRNO	194,867	$59.38	—	$54.03	$11.57M	$10.53M	-9.01%	0.07%	-0.0 bps	1
NOAH	791,724	$14.13	—	$11.36	$11.19M	$8.99M	-19.60%	0.07%	-0.0 bps	1
UDR	244,610	$39.41	—	$31.99	$9.64M	$7.83M	-18.83%	0.06%	-0.0 bps	1
EQR	144,555	$65.61	—	$53.71	$9.48M	$7.76M	-18.14%	0.06%	-0.0 bps	1
AMH	265,260	$36.35	—	$34.48	$9.64M	$9.15M	-5.14%	0.06%	-0.0 bps	1
CCI	74,840	$104.63	—	$95.62	$7.83M	$7.16M	-8.61%	0.05%	-0.0 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%	-0.0 bps	1
REXR	141,390	$53.23	—	$44.54	$7.53M	$6.3M	-16.33%	0.05%	-0.0 bps	1
BXP	126,010	$67.07	—	$52.19	$8.45M	$6.58M	-22.19%	0.04%	-0.0 bps	1
BIDU	48,907	$142.93	—	$105.16	$6.99M	$5.14M	-26.43%	0.04%	-0.0 bps	1
CPT	58,360	$108.64	—	$87.11	$6.34M	$5.08M	-19.82%	0.04%	-0.0 bps	1
DEI	496,370	$13.75	—	$11.25	$6.83M	$5.58M	-18.18%	0.04%	-0.0 bps	1
MTB	46,895	$135.10	—	$117.35	$6.34M	$5.5M	-13.14%	0.04%	-0.0 bps	1
REG	90,800	$65.70	—	$59.41	$5.97M	$5.39M	-9.57%	0.03%	-0.0 bps	1
CUBE	118,810	$42.09	—	$36.60	$5M	$4.35M	-13.04%	0.03%	-0.0 bps	1
FRT	52,500	$102.99	—	$91.53	$5.41M	$4.81M	-11.13%	0.03%	-0.0 bps	1
VICI	150,510	$31.37	—	$28.11	$4.72M	$4.23M	-10.39%	0.03%	-0.0 bps	1
SUI	33,840	$127.24	—	$114.39	$4.31M	$3.87M	-10.10%	0.03%	-0.0 bps	1
STT	56,888	$72.23	—	$66.52	$4.11M	$3.78M	-7.91%	0.03%	-0.0 bps	1
HIW	157,020	$24.26	—	$17.97	$3.81M	$2.82M	-25.93%	0.02%	-0.0 bps	1
CHCT	104,830	$35.57	—	$25.72	$3.73M	$2.7M	-27.69%	0.02%	-0.0 bps	1
HPP	678,853	$6.13	—	$5.38	$4.16M	$3.65M	-12.23%	0.02%	-0.0 bps	1
NTST	159,110	$17.78	—	$15.14	$2.83M	$2.41M	-14.85%	0.02%	-0.0 bps	1
TFC	66,014	$31.47	—	$29.15	$2.08M	$1.92M	-7.37%	0.01%	-0.0 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%	-0.0 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
META	6,267,376	$233.27	—	$305.21	$1.46B	$1.91B	+30.84%	8.78%	+2.7 bps	1
WFC	30,347,321	$38.38	—	$43.72	$1.16B	$1.33B	+13.91%	7.50%	+1.0 bps	1
COF	10,760,462	$89.07	—	$111.81	$958.43M	$1.2B	+25.53%	6.84%	+1.7 bps	1
BRK-A	2,036	$497000.00	—	$545280.00	$1.01B	$1.11B	+9.71%	6.26%	+0.6 bps	1
AMAT	7,143,519	$115.75	—	$145.16	$826.86M	$1.04B	+25.41%	5.80%	+1.5 bps	1
AMZN	8,256,759	$105.83	—	$137.85	$873.81M	$1.14B	+30.26%	5.64%	+1.7 bps	1
BK	13,005,799	$41.50	—	$45.27	$539.74M	$588.77M	+9.08%	3.91%	+0.4 bps	1
USB	15,545,706	$29.74	—	$39.65	$462.33M	$616.39M	+33.32%	3.70%	+1.2 bps	1
JPM	4,193,294	$137.07	—	$153.79	$574.77M	$644.89M	+12.20%	3.61%	+0.4 bps	1
VTRS	55,009,008	$9.82	—	$11.26	$540.19M	$619.4M	+14.66%	3.50%	+0.5 bps	1
TXN	2,781,675	$164.22	—	$167.27	$456.81M	$465.29M	+1.86%	3.42%	+0.1 bps	1
GOOG	4,567,675	$108.24	—	$130.15	$494.41M	$594.48M	+20.24%	3.14%	+0.6 bps	1
TECK	13,012,456	$44.27	—	$41.50	$576.06M	$540.02M	-6.26%	3.14%	-0.2 bps	1
GOOGL	4,302,369	$107.77	—	$129.66	$463.67M	$557.85M	+20.31%	2.95%	+0.6 bps	1
CI	1,738,056	$264.69	—	$288.33	$460.05M	$501.13M	+8.93%	2.94%	+0.3 bps	1
INTC	11,356,224	$30.77	—	$34.28	$349.43M	$389.29M	+11.41%	2.45%	+0.3 bps	1
BRK-B	1,158,551	$326.14	—	$358.02	$377.85M	$414.78M	+9.77%	2.36%	+0.2 bps	1
OC	3,603,881	$106.01	—	$142.00	$382.05M	$511.75M	+33.95%	2.28%	+0.8 bps	1
MKL	245,656	$1373.95	—	$1502.01	$337.52M	$368.98M	+9.32%	2.07%	+0.2 bps	1
CB	1,494,650	$199.66	—	$201.00	$298.42M	$300.42M	+0.67%	1.92%	+0.0 bps	1
DGX	1,518,752	$134.73	—	$135.34	$204.62M	$205.55M	+0.45%	1.42%	+0.0 bps	1
JD	4,892,507	$35.90	—	$37.67	$175.64M	$184.3M	+4.93%	1.42%	+0.1 bps	1
DAR	3,127,212	$57.61	—	$65.89	$180.16M	$206.05M	+14.37%	1.21%	+0.2 bps	1
AXP	964,224	$153.04	—	$163.82	$147.56M	$157.96M	+7.04%	1.05%	+0.1 bps	1
CPNG	6,482,322	$17.78	—	$19.30	$115.26M	$125.11M	+8.55%	0.69%	+0.1 bps	1
MSFT	351,685	$308.65	—	$322.23	$108.55M	$113.32M	+4.40%	0.67%	+0.0 bps	1
IAC	1,850,002	$54.16	—	$56.13	$100.2M	$103.85M	+3.65%	0.63%	+0.0 bps	1
DUSA	3,332,430	$28.95	—	$33.53	$96.49M	$111.74M	+15.81%	0.63%	+0.1 bps	1
L	1,583,429	$58.81	—	$63.17	$93.12M	$100.03M	+7.41%	0.61%	+0.0 bps	1
NTB	3,260,763	$23.99	—	$30.50	$78.23M	$99.45M	+27.14%	0.58%	+0.2 bps	1
BAC	2,897,641	$27.69	—	$30.86	$80.24M	$89.42M	+11.45%	0.55%	+0.1 bps	1
DINT	3,893,199	$18.34	—	$19.36	$71.4M	$75.37M	+5.56%	0.47%	+0.0 bps	1
FITB	2,401,436	$24.41	—	$27.50	$58.62M	$66.04M	+12.66%	0.42%	+0.1 bps	1
DFNL	2,112,316	$25.63	—	$28.64	$54.13M	$60.5M	+11.76%	0.36%	+0.0 bps	1
PNC	429,479	$116.99	—	$127.35	$50.24M	$54.69M	+8.86%	0.36%	+0.0 bps	1
UNH	114,842	$492.62	—	$502.11	$56.57M	$57.66M	+1.93%	0.36%	+0.0 bps	1
DWLD	1,941,227	$26.96	—	$29.70	$52.34M	$57.66M	+10.17%	0.34%	+0.0 bps	1
FWONA	529,417	$63.36	—	$61.78	$33.55M	$32.71M	-2.50%	0.24%	-0.0 bps	1
ETN	196,605	$169.88	—	$217.83	$33.4M	$42.83M	+28.23%	0.22%	+0.1 bps	1
RKT	3,609,611	$8.42	—	$11.49	$30.39M	$41.47M	+36.46%	0.22%	+0.1 bps	1
FERG	240,054	$140.82	—	$159.01	$33.8M	$38.17M	+12.92%	0.21%	+0.0 bps	1
JCI	512,107	$63.09	—	$60.59	$32.31M	$31.03M	-3.96%	0.20%	-0.0 bps	1
PLD	241,246	$127.37	—	$122.60	$30.73M	$29.58M	-3.75%	0.20%	-0.0 bps	1
CARR	624,306	$42.60	—	$56.16	$26.6M	$35.06M	+31.83%	0.19%	+0.1 bps	1
BABA	250,591	$83.31	—	$94.85	$20.88M	$23.77M	+13.85%	0.17%	+0.0 bps	1
BIDU	154,444	$122.49	—	$142.93	$18.92M	$22.07M	+16.69%	0.15%	+0.0 bps	1
IQ	3,035,981	$5.92	—	$5.96	$17.97M	$18.09M	+0.68%	0.15%	+0.0 bps	1
HUM	43,568	$535.96	—	$493.38	$23.35M	$21.5M	-7.94%	0.14%	-0.0 bps	1
FWONK	273,106	$71.38	—	$70.23	$19.49M	$19.18M	-1.61%	0.14%	-0.0 bps	1
PSA	65,640	$297.34	—	$286.33	$19.52M	$18.79M	-3.70%	0.13%	-0.0 bps	1
ORCL	200,838	$96.79	—	$113.10	$19.44M	$22.71M	+16.85%	0.12%	+0.0 bps	1
MBC	2,253,244	$8.39	—	$12.56	$18.9M	$28.3M	+49.70%	0.12%	+0.1 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%	-0.0 bps	1
SCHW	340,744	$47.63	—	$65.29	$16.23M	$22.25M	+37.08%	0.12%	+0.0 bps	1
EQIX	23,778	$740.12	—	$774.49	$17.6M	$18.42M	+4.64%	0.11%	+0.0 bps	1
EG	46,530	$383.22	—	$359.00	$17.83M	$16.7M	-6.32%	0.11%	-0.0 bps	1
AVB	92,920	$180.36	—	$185.33	$16.76M	$17.22M	+2.76%	0.10%	+0.0 bps	1
CVS	207,946	$69.68	—	$74.60	$14.49M	$15.51M	+7.06%	0.10%	+0.0 bps	1
REXR	245,940	$56.42	—	$53.23	$13.88M	$13.09M	-5.65%	0.10%	-0.0 bps	1
SPG	131,110	$108.00	—	$118.80	$14.16M	$15.58M	+10.00%	0.10%	+0.0 bps	1
CUZ	675,705	$20.84	—	$23.31	$14.08M	$15.75M	+11.85%	0.10%	+0.0 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%	-0.0 bps	1
BRX	639,140	$21.18	—	$22.96	$13.54M	$14.67M	+8.40%	0.09%	+0.0 bps	1
ESS	65,031	$218.63	—	$241.32	$14.22M	$15.69M	+10.38%	0.09%	+0.0 bps	1
NOAH	805,195	$14.81	—	$14.13	$11.92M	$11.38M	-4.59%	0.09%	-0.0 bps	1
WELL	181,550	$76.33	—	$85.47	$13.86M	$15.52M	+11.97%	0.09%	+0.0 bps	1
AMT	61,920	$193.21	—	$187.10	$11.96M	$11.59M	-3.16%	0.08%	-0.0 bps	1
VTR	244,590	$47.44	—	$44.51	$11.6M	$10.89M	-6.18%	0.07%	-0.0 bps	1
DLR	100,935	$97.37	—	$119.31	$9.83M	$12.04M	+22.53%	0.07%	+0.0 bps	1
UDR	238,730	$41.27	—	$39.41	$9.85M	$9.41M	-4.51%	0.06%	-0.0 bps	1
CCI	73,080	$116.37	—	$104.63	$8.5M	$7.65M	-10.09%	0.06%	-0.0 bps	1
EQR	141,185	$62.98	—	$65.61	$8.89M	$9.26M	+4.18%	0.06%	+0.0 bps	1
AMH	259,360	$35.12	—	$36.35	$9.11M	$9.43M	+3.50%	0.05%	+0.0 bps	1
SHO	816,580	$10.29	—	$9.51	$8.4M	$7.77M	-7.58%	0.05%	-0.0 bps	1
WCC	47,648	$129.88	—	$151.33	$6.19M	$7.21M	+16.52%	0.05%	+0.0 bps	1
BXP	123,070	$50.92	—	$67.07	$6.27M	$8.25M	+31.72%	0.04%	+0.0 bps	1
CPT	57,260	$110.86	—	$108.64	$6.35M	$6.22M	-2.00%	0.04%	-0.0 bps	1
DEI	483,820	$11.53	—	$13.75	$5.58M	$6.65M	+19.25%	0.04%	+0.0 bps	1
MTB	47,235	$116.23	—	$135.10	$5.49M	$6.38M	+16.24%	0.04%	+0.0 bps	1
CUBE	118,810	$46.41	—	$42.09	$5.51M	$5M	-9.31%	0.04%	-0.0 bps	1
FRT	51,370	$94.38	—	$102.99	$4.85M	$5.29M	+9.12%	0.03%	+0.0 bps	1
VICI	150,510	$32.97	—	$31.37	$4.96M	$4.72M	-4.85%	0.03%	-0.0 bps	1
SUI	33,010	$135.65	—	$127.24	$4.48M	$4.2M	-6.20%	0.03%	-0.0 bps	1
HPP	678,853	$5.17	—	$6.13	$3.51M	$4.16M	+18.57%	0.03%	+0.0 bps	1
STT	57,534	$69.07	—	$72.23	$3.97M	$4.16M	+4.58%	0.03%	+0.0 bps	1
HIW	153,070	$21.87	—	$24.26	$3.35M	$3.71M	+10.93%	0.02%	+0.0 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%	+0.0 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%	+0.0 bps	1
RH	2,240	$257.42	—	$390.56	$576.62K	$874.85K	+51.72%	0.00%	+0.0 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%