Investor: David Herro & Bill Nygren
Number of Assets: 168
Reporting Period: Q4 - 2025
Holdings at Report: $79,121,382,151
Return Since Report: -$3,728,436,380
Return Since Report: -4.71%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Abbott Laboratories (ABT) | Equity | 0% | 2,046 | 0.00% | $125.29 | $102.64 | $256,343 | $210,001 | -$46,342 | -18.08% |
| Abbvie Inc. (ABBV) | Equity | -15.21% | 2,682 | 0.00% | $228.49 | $217.43 | $612,810 | $583,147 | -$29,663 | -4.84% |
| Abm Industries Inc. (ABM) | Equity | -2.07% | 2,711,878 | 0.15% | $42.30 | $38.37 | $114,712,439 | $104,054,759 | -$10,657,680 | -9.29% |
| Advanced Micro Devices Inc. (AMD) | Equity | 0% | 1,530 | 0.00% | $214.16 | $203.43 | $327,665 | $311,248 | -$16,417 | -5.01% |
| Aercap Holdings N.V. (AER) | Equity | +100% | 5,840,480 | 1.07% | $143.76 | $137.20 | $839,627,434 | $801,313,856 | -$38,313,578 | -4.56% |
| Airbnb Inc. (ABNB) | Equity | +20.97% | 18,694,408 | 3.22% | $135.72 | $126.11 | $2,537,204,988 | $2,357,551,793 | -$179,653,195 | -7.08% |
| Alibaba Group Holding Limited (BABA) | Equity | +344.97% | 9,589 | 0.00% | $146.58 | $125.49 | $1,405,556 | $1,203,324 | -$202,232 | -14.39% |
| Allison Transmission Holdings Inc. (ALSN) | Equity | -4.45% | 678,527 | 0.08% | $97.90 | $117.12 | $66,427,793 | $79,469,082 | +$13,041,289 | +19.63% |
| Ally Financial Inc. (ALLY) | Equity | +0.18% | 27,045,748 | 1.55% | $45.29 | $39.28 | $1,224,901,936 | $1,062,356,981 | -$162,544,955 | -13.27% |
| Alphabet Inc. (GOOG) | Equity | -18.94% | 961,570 | 0.38% | $313.80 | $286.39 | $301,740,666 | $275,384,032 | -$26,356,634 | -8.73% |
| Alphabet Inc. (GOOGL) | Equity | -21.82% | 8,918,581 | 3.54% | $313.00 | $287.22 | $2,791,515,947 | $2,561,594,835 | -$229,921,112 | -8.24% |
| Amazon.com Inc. (AMZN) | Equity | +2.55% | 4,463,110 | 1.31% | $230.82 | $208.30 | $1,030,175,013 | $929,665,813 | -$100,509,200 | -9.76% |
| American Express Company (AXP) | Equity | -9.95% | 219,077 | 0.10% | $369.95 | $302.24 | $81,047,449 | $66,213,832 | -$14,833,617 | -18.30% |
| American International Group Inc. (AIG) | Equity | +24.46% | 22,144,430 | 2.40% | $85.55 | $75.15 | $1,894,455,960 | $1,664,153,915 | -$230,302,046 | -12.16% |
| Amrize LTD | Equity | +100% | 11,379,547 | 0.78% | $54.08 | $0.00 | $615,405,896 | $0 | -$615,405,896 | -100% |
| Aon PLC (AON) | Equity | -0.71% | 699 | 0.00% | $352.88 | $322.58 | $246,663 | $225,483 | -$21,180 | -8.59% |
| Apa Corp. (APA) | Equity | -53.43% | 11,644,670 | 0.36% | $24.46 | $42.44 | $284,828,637 | $494,199,795 | +$209,371,158 | +73.51% |
| Apple Inc. (AAPL) | Equity | +3.39% | 133,170 | 0.05% | $271.86 | $253.42 | $36,203,596 | $33,747,941 | -$2,455,655 | -6.78% |
| Applied Materials Inc. (AMAT) | Equity | 0% | 2,200 | 0.00% | $256.99 | $341.79 | $565,378 | $751,938 | +$186,560 | +33.00% |
| Aptiv PLC (APTV) | Equity | -34.38% | 38,815 | 0.00% | $76.09 | $69.45 | $2,953,433 | $2,695,702 | -$257,731 | -8.73% |
| Astrazeneca PLC (AZN) | Equity | +100% | 3,729,731 | 0.44% | $91.93 | $196.48 | $342,874,171 | $732,817,547 | +$389,943,376 | +113.73% |
| Autoliv Inc. (ALV) | Equity | -3.44% | 255,590 | 0.04% | $118.70 | $105.16 | $30,338,533 | $26,877,844 | -$3,460,689 | -11.41% |
| Automatic Data Processing Inc. (ADP) | Equity | 0% | 805 | 0.00% | $257.23 | $203.34 | $207,070 | $163,689 | -$43,381 | -20.95% |
| Bank Of America Corp. (BAC) | Equity | -26.89% | 19,853,400 | 1.39% | $55.00 | $48.67 | $1,091,937,006 | $966,344,392 | -$125,592,614 | -11.50% |
| The Bank Of New York Mellon Corp. (BK) | Equity | -98.04% | 67,654 | 0.01% | $116.09 | $118.65 | $7,853,953 | $8,027,147 | +$173,194 | +2.21% |
| Baxter International Inc. (BAX) | Equity | -0.31% | 8,445,832 | 0.20% | $19.11 | $16.86 | $161,399,841 | $142,354,498 | -$19,045,343 | -11.80% |
| Becton Dickinson And Company (BDX) | Equity | -8.78% | 2,841,721 | 0.70% | $194.07 | $157.00 | $551,492,794 | $446,150,197 | -$105,342,597 | -19.10% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -3.87% | 25,999 | 0.02% | $502.65 | $479.11 | $13,068,397 | $12,456,381 | -$612,016 | -4.68% |
| Blackrock Inc. (BLK) | Equity | -18.42% | 54,409 | 0.07% | $1,070.34 | $961.69 | $58,236,129 | $52,324,591 | -$5,911,538 | -10.15% |
| Blackstone Inc. (BX) | Equity | +100% | 3,750 | 0.00% | $154.14 | $114.98 | $578,025 | $431,156 | -$146,869 | -25.41% |
| Borgwarner Inc. (BWA) | Equity | -33.46% | 1,373,924 | 0.08% | $45.06 | $54.26 | $61,909,015 | $74,549,116 | +$12,640,101 | +20.42% |
| Broadcom Inc. (AVGO) | Equity | 0% | 1,710 | 0.00% | $346.10 | $309.45 | $591,831 | $529,151 | -$62,680 | -10.59% |
| Brunswick Corp. (BC) | Equity | -28.18% | 2,435,469 | 0.23% | $74.24 | $69.57 | $180,809,219 | $169,435,578 | -$11,373,641 | -6.29% |
| Capital One Financial Corp. (COF) | Equity | +19.94% | 10,825,295 | 3.33% | $242.36 | $182.19 | $2,623,618,472 | $1,972,260,496 | -$651,357,976 | -24.83% |
| Carlisle Companies Inc. (CSL) | Equity | -12.11% | 5,480 | 0.00% | $319.86 | $333.57 | $1,752,833 | $1,827,936 | +$75,103 | +4.28% |
| The Carlyle Group Inc. (CG) | Equity | +39.07% | 15,198,269 | 1.14% | $59.11 | $48.39 | $898,369,695 | $735,444,237 | -$162,925,458 | -18.14% |
| Caterpillar Inc. (CAT) | Equity | 0% | 2,408 | 0.00% | $572.87 | $708.36 | $1,379,471 | $1,705,731 | +$326,260 | +23.65% |
| CBRE Group Inc. (CBRE) | Equity | +0.56% | 6,928,621 | 1.41% | $160.79 | $135.45 | $1,114,053,000 | $938,481,714 | -$175,571,286 | -15.76% |
| Cdw Corp. (CDW) | Equity | +1548.45% | 4,525,812 | 0.78% | $136.20 | $120.96 | $616,415,559 | $547,419,590 | -$68,995,969 | -11.19% |
| Celanese Corp. (CE) | Equity | -1.04% | 3,401,656 | 0.18% | $42.28 | $65.92 | $143,822,030 | $224,220,155 | +$80,398,125 | +55.90% |
| Centene Corp. (CNC) | Equity | -0.85% | 9,050,554 | 0.47% | $41.15 | $32.73 | $372,430,297 | $296,224,632 | -$76,205,665 | -20.46% |
| Charles River Laboratories International Inc. (CRL) | Equity | +13.88% | 1,677,606 | 0.42% | $199.48 | $172.53 | $334,648,845 | $289,437,363 | -$45,211,482 | -13.51% |
| Charter Communications Inc. (CHTR) | Equity | +24.33% | 4,344,822 | 1.15% | $208.75 | $219.43 | $906,981,640 | $953,384,291 | +$46,402,651 | +5.12% |
| Chevron Corp. (CVX) | Equity | -18.33% | 1,350 | 0.00% | $152.41 | $206.88 | $205,754 | $279,288 | +$73,534 | +35.74% |
| Citigroup Inc. (C) | Equity | -27.31% | 10,041,169 | 1.49% | $116.69 | $113.44 | $1,171,703,962 | $1,139,020,006 | -$32,683,956 | -2.79% |
| CNH Industrial N.V. (CNH) | Equity | -7.45% | 73,420,366 | 0.86% | $9.22 | $11.03 | $676,935,774 | $809,826,637 | +$132,890,863 | +19.63% |
| Colliers International Group Inc. (CIGI) | Equity | -9.48% | 72,600 | 0.01% | $146.98 | $106.94 | $10,671,103 | $7,763,481 | -$2,907,622 | -27.25% |
| Comcast Corp. (CMCSA) | Equity | +24.48% | 27,458,428 | 1.04% | $29.89 | $28.69 | $820,732,405 | $787,645,007 | -$33,087,398 | -4.03% |
| ConocoPhillips (COP) | Equity | +27.24% | 24,002,747 | 2.85% | $93.61 | $131.27 | $2,246,897,137 | $3,150,720,585 | +$903,823,448 | +40.23% |
| Constellation Brands Inc. (STZ) | Equity | +57.81% | 3,234,152 | 0.57% | $137.96 | $150.44 | $446,183,571 | $486,529,656 | +$40,346,085 | +9.04% |
| Corebridge Financial Inc. (CRBG) | Equity | +30.14% | 24,370,017 | 0.93% | $30.17 | $23.84 | $735,243,427 | $580,981,205 | -$154,262,222 | -20.98% |
| Corteva Inc. (CTVA) | Equity | +168.08% | 17,026,221 | 1.45% | $67.03 | $83.59 | $1,141,267,582 | $1,423,136,682 | +$281,869,100 | +24.70% |
| Costco Wholesale Corp. (COST) | Equity | +12.91% | 656 | 0.00% | $862.34 | $994.71 | $565,695 | $652,530 | +$86,835 | +15.35% |
| Crown Holdings Inc. (CCK) | Equity | +3.48% | 193,110 | 0.03% | $102.97 | $100.22 | $19,884,537 | $19,353,484 | -$531,053 | -2.67% |
| Csx Corp. (CSX) | Equity | 0% | 194,360 | 0.01% | $36.25 | $41.05 | $7,045,550 | $7,978,478 | +$932,928 | +13.24% |
Equity | +100% | 1,983,990 | 0.04% | $16.19 | N/A | $32,120,798 | N/A | N/A | N/A | |
| CVS Health Corp. (CVS) | Equity | -4.29% | 525,051 | 0.05% | $79.36 | $71.82 | $41,668,047 | $37,706,538 | -$3,961,509 | -9.51% |
| Danaher Corp. (DHR) | Equity | -31.86% | 2,261 | 0.00% | $228.92 | $189.57 | $517,588 | $428,618 | -$88,970 | -17.19% |
| Deere & Company (DE) | Equity | +45.40% | 3,135,045 | 1.85% | $465.57 | $565.27 | $1,459,582,943 | $1,772,146,887 | +$312,563,944 | +21.41% |
| Delta Air Lines Inc. (DAL) | Equity | +45.44% | 19,666,515 | 1.73% | $69.40 | $66.50 | $1,364,856,122 | $1,307,724,915 | -$57,131,207 | -4.19% |
| Diageo PLC (DEO) | Equity | -31.92% | 3,495 | 0.00% | $86.27 | $74.45 | $301,514 | $260,185 | -$41,329 | -13.71% |
| The Walt Disney Company (DIS) | Equity | -5.88% | 1,810 | 0.00% | $113.77 | $96.32 | $205,924 | $174,339 | -$31,585 | -15.34% |
| Dover Corp. (DOV) | Equity | -2.06% | 11,863 | 0.00% | $195.24 | $208.81 | $2,316,132 | $2,477,113 | +$160,981 | +6.95% |
| Elevance Health Inc. (ELV) | Equity | +50.31% | 4,794,445 | 2.13% | $350.55 | $293.11 | $1,680,692,576 | $1,405,299,774 | -$275,392,802 | -16.39% |
| Eli Lilly And Company (LLY) | Equity | 0% | 414 | 0.00% | $1,074.68 | $917.56 | $444,918 | $379,870 | -$65,048 | -14.62% |
| Envista Holdings Corp. (NVST) | Equity | -32.18% | 4,645,560 | 0.13% | $21.71 | $25.38 | $100,855,108 | $117,904,313 | +$17,049,205 | +16.90% |
| Eog Resources Inc. (EOG) | Equity | +61.57% | 7,372,292 | 0.98% | $105.01 | $144.52 | $774,164,419 | $1,065,443,640 | +$291,279,221 | +37.62% |
| Equifax Inc. (EFX) | Equity | +29.54% | 7,557,127 | 2.08% | $216.98 | $180.04 | $1,639,745,434 | $1,360,585,145 | -$279,160,289 | -17.02% |
Equity | -9.64% | 3,213,300 | 0.04% | $10.25 | N/A | $32,936,325 | N/A | N/A | N/A | |
| Exxon Mobil Corp. (XOM) | Equity | 0% | 1,966 | 0.00% | $120.34 | $169.19 | $236,588 | $332,618 | +$96,030 | +40.59% |
| First Citizens Bancshares Inc. (FCNCA) | Equity | +25.99% | 928,944 | 2.53% | $2,146.18 | $1,893.97 | $1,993,681,313 | $1,759,387,423 | -$234,293,890 | -11.75% |
| Fiserv Inc. (FISV) | Equity | +129.96% | 15,554,703 | 1.33% | $67.17 | $56.04 | $1,044,809,398 | $871,685,556 | -$173,123,842 | -16.57% |
| Fiserv Inc. (FI) | Call | +100% | 4,600,000 | N/A | $67.17 | N/A | $308,982,000 | N/A | N/A | N/A |
| Flutter Entertainment PLC (FLUT) | Equity | +58.86% | 1,016,963 | 0.28% | $215.04 | $102.32 | $218,687,723 | $104,055,654 | -$114,632,069 | -52.42% |
| Fomento Económico Mexicano S.A.B. De C.V. (FMX) | Equity | -0.05% | 2,704,716 | 0.35% | $101.07 | $110.57 | $273,365,646 | $299,060,448 | +$25,694,802 | +9.40% |
| Fortune Brands Innovations Inc. (FBIN) | Equity | -1.38% | 7,641,019 | 0.48% | $50.02 | $38.97 | $382,203,762 | $297,770,510 | -$84,433,252 | -22.09% |
| Gartner Inc. (IT) | Equity | +100% | 963,984 | 0.31% | $252.28 | $158.71 | $243,193,884 | $152,989,081 | -$90,204,803 | -37.09% |
| GE Healthcare Technologies Inc. (GEHC) | Equity | +43.85% | 15,854,646 | 1.65% | $82.02 | $71.09 | $1,300,398,038 | $1,127,106,784 | -$173,291,254 | -13.33% |
| General Motors Company (GM) | Equity | -17.31% | 17,407,745 | 1.80% | $81.32 | $74.60 | $1,415,597,798 | $1,298,530,738 | -$117,067,060 | -8.27% |
| Genuine Parts Company (GPC) | Equity | +49.27% | 4,347,003 | 0.68% | $122.96 | $105.66 | $534,507,482 | $459,304,337 | -$75,203,145 | -14.07% |
| Global Payments Inc. (GPN) | Equity | +66.43% | 11,348,361 | 1.11% | $77.40 | $67.51 | $878,363,143 | $766,127,851 | -$112,235,292 | -12.78% |
| The Goldman Sachs Group Inc. (GS) | Equity | -10.20% | 33,049 | 0.04% | $879.00 | $843.02 | $29,050,071 | $27,860,968 | -$1,189,103 | -4.09% |
| Grifols S.A. (GRFS) | Equity | -1.61% | 2,689,100 | 0.03% | $9.35 | $8.02 | $25,143,085 | $21,566,582 | -$3,576,503 | -14.22% |
| HCA Healthcare Inc. (HCA) | Equity | -18.38% | 181,042 | 0.11% | $466.86 | $473.00 | $84,521,268 | $85,632,866 | +$1,111,598 | +1.32% |
| HDFC Bank Limited (HDB) | Equity | -31.48% | 6,000 | 0.00% | $36.54 | $24.81 | $219,240 | $148,830 | -$70,410 | -32.12% |
| Herc Holdings Inc. (HRI) | Equity | -2.34% | 7,105 | 0.00% | $148.38 | $99.54 | $1,054,240 | $707,232 | -$347,008 | -32.92% |
| Hilton Worldwide Holdings Inc. (HLT) | Equity | -9.45% | 114,415 | 0.04% | $287.25 | $305.17 | $32,865,709 | $34,915,453 | +$2,049,744 | +6.24% |
| Howard Hughes Holdings Inc. (HHH) | Equity | -34.72% | 38,394 | 0.00% | $79.77 | $63.29 | $3,062,689 | $2,429,956 | -$632,733 | -20.66% |
| Icon Public Limited Company (ICLR) | Equity | +7.15% | 2,510,166 | 0.58% | $182.22 | $110.66 | $457,402,449 | $277,774,970 | -$179,627,479 | -39.27% |
| Idexx Laboratories Inc. (IDXX) | Equity | 0% | 455 | 0.00% | $676.53 | $562.43 | $307,821 | $255,906 | -$51,915 | -16.87% |
| Intercontinental Exchange Inc. (ICE) | Equity | +52.85% | 15,584,531 | 3.20% | $161.96 | $157.32 | $2,524,070,560 | $2,451,758,417 | -$72,312,143 | -2.86% |
| Iqvia Holdings Inc. (IQV) | Equity | -0.59% | 11,319,718 | 3.24% | $225.41 | $169.92 | $2,551,577,575 | $1,923,435,163 | -$628,142,412 | -24.62% |
| Ishares Russell 2000 ETF (IWM) | Equity | 0% | 533 | 0.00% | $246.16 | $248.10 | $131,203 | $132,237 | +$1,034 | +0.79% |
| Ishares MSCI Acwi ETF (ACWI) | Equity | 0% | 1,092 | 0.00% | $141.49 | $138.30 | $154,507 | $151,024 | -$3,483 | -2.25% |
| Ishares MSCI Europe Financials ETF (EUFN) | Equity | 0% | 600 | 0.00% | $37.09 | $34.85 | $22,254 | $20,910 | -$1,344 | -6.04% |
| Ishares MSCI India ETF (INDA) | Equity | 0% | 600 | 0.00% | $54.05 | $46.74 | $32,430 | $28,041 | -$4,389 | -13.53% |
| Ishares Core MSCI Europe ETF (IEUR) | Equity | 0% | 46 | 0.00% | $70.98 | $70.22 | $3,265 | $3,230 | -$35 | -1.08% |
| Ishares 0-3 Month Treasury Bond ETF (SGOV) | Equity | +100% | 400 | 0.00% | $100.38 | $100.66 | $40,152 | $40,264 | +$112 | +0.28% |
| Johnson Controls International PLC (JCI) | Equity | -5.40% | 8,165 | 0.00% | $119.75 | $131.05 | $977,759 | $1,070,023 | +$92,264 | +9.44% |
| JP Morgan Chase & Co. (JPM) | Equity | +4.03% | 5,935 | 0.00% | $322.22 | $294.43 | $1,912,376 | $1,747,442 | -$164,934 | -8.62% |
| Kb Financial Group Inc. (KB) | Equity | -7.43% | 3,115 | 0.00% | $86.04 | $98.97 | $268,015 | $308,292 | +$40,277 | +15.03% |
| Keurig Dr Pepper Inc. (KDP) | Equity | +37.77% | 86,269,175 | 3.07% | $28.01 | $26.33 | $2,416,399,596 | $2,271,467,378 | -$144,932,218 | -6.00% |
| KKR & Co. Inc. (KKR) | Equity | -2.56% | 370,193 | 0.06% | $127.48 | $93.01 | $47,192,204 | $34,431,651 | -$12,760,553 | -27.04% |
| The Kroger Co. (KR) | Equity | -85.36% | 41,645 | 0.00% | $62.48 | $72.35 | $2,601,980 | $3,012,808 | +$410,828 | +15.79% |
| Lear Corp. (LEA) | Equity | -44.92% | 22,750 | 0.00% | $114.60 | $121.02 | $2,607,150 | $2,753,205 | +$146,055 | +5.60% |
| Liberty Broadband Corp. (LBRDA) | Equity | -18.85% | 4,305 | 0.00% | $48.28 | $50.22 | $207,845 | $216,197 | +$8,352 | +4.02% |
| Liberty Broadband Corp. (LBRDK) | Equity | -35.18% | 4,148,894 | 0.26% | $48.60 | $51.03 | $201,636,265 | $211,718,061 | +$10,081,796 | +5.00% |
| Lithia Motors Inc. (LAD) | Equity | -0.77% | 1,967,035 | 0.83% | $332.33 | $250.72 | $653,704,742 | $493,175,015 | -$160,529,727 | -24.56% |
| Magna International Inc. (MGA) | Equity | -90.43% | 206,680 | 0.01% | $53.30 | $55.96 | $11,016,044 | $11,565,813 | +$549,769 | +4.99% |
| Marathon Petroleum Corp. (MPC) | Equity | +0.66% | 4,031,962 | 0.83% | $162.63 | $244.28 | $655,717,903 | $984,927,677 | +$329,209,774 | +50.21% |
| Masco Corp. (MAS) | Equity | +55.20% | 11,501,911 | 0.93% | $63.46 | $60.37 | $729,911,283 | $694,370,367 | -$35,540,916 | -4.87% |
| Masterbrand Inc. (MBC) | Equity | -1.38% | 108,716 | 0.00% | $11.04 | $8.32 | $1,200,225 | $903,974 | -$296,251 | -24.68% |
| Mastercard Inc. (MA) | Equity | -5.44% | 119,031 | 0.09% | $570.88 | $499.72 | $67,952,496 | $59,482,171 | -$8,470,325 | -12.47% |
| Mcdonald'S Corp. (MCD) | Equity | 0% | 1,273 | 0.00% | $305.63 | $310.69 | $389,067 | $395,502 | +$6,435 | +1.65% |
| Merck & Co. Inc. (MRK) | Equity | +43.42% | 14,088,705 | 1.88% | $105.26 | $120.14 | $1,482,977,135 | $1,692,546,575 | +$209,569,440 | +14.13% |
| Meta Platforms Inc. (META) | Equity | +12.44% | 4,285 | 0.00% | $660.09 | $570.25 | $2,828,486 | $2,443,521 | -$384,965 | -13.61% |
| Microsoft Corp. (MSFT) | Equity | -12.67% | 6,854 | 0.00% | $483.62 | $370.17 | $3,314,731 | $2,537,145 | -$777,586 | -23.46% |
| Molina Healthcare Inc. (MOH) | Equity | -12.52% | 2,346,437 | 0.52% | $173.54 | $133.35 | $407,200,677 | $312,897,374 | -$94,303,303 | -23.16% |
| Mondelez International Inc. (MDLZ) | Equity | +221.94% | 4,619,758 | 0.32% | $53.83 | $57.44 | $248,681,573 | $265,335,801 | +$16,654,228 | +6.70% |
| Moody's Corp. (MCO) | Equity | -25.08% | 1,948 | 0.00% | $510.85 | $438.19 | $995,136 | $853,594 | -$141,542 | -14.22% |
| Nasdaq Inc. (NDAQ) | Equity | +46.00% | 8,621,689 | 1.06% | $97.13 | $84.89 | $837,424,691 | $731,895,179 | -$105,529,512 | -12.60% |
| Netflix Inc. (NFLX) | Equity | +905.56% | 32,540 | 0.00% | $93.76 | $96.12 | $3,050,950 | $3,127,745 | +$76,795 | +2.52% |
| Nike Inc. (NKE) | Equity | +72.34% | 14,956,882 | 1.21% | $63.71 | $52.84 | $952,902,964 | $790,321,645 | -$162,581,319 | -17.06% |
| Nuveen Municipal Value Fund Inc. (NUV) | Equity | +100% | 14,854 | 0.00% | $9.06 | N/A | $134,580 | N/A | N/A | N/A |
| Nvidia Corp. (NVDA) | Equity | -12.26% | 13,154 | 0.00% | $186.50 | $174.21 | $2,453,221 | $2,291,558 | -$161,663 | -6.59% |
| Omnicom Group Inc. (OMC) | Equity | +100% | 61,340 | 0.01% | $80.75 | $75.32 | $4,953,205 | $4,620,129 | -$333,076 | -6.72% |
| Openlane Inc. (KAR) | Equity | -18.34% | 1,375,115 | 0.05% | $29.78 | $26.10 | $40,950,925 | $35,890,502 | -$5,060,424 | -12.36% |
| Oracle Corp. (ORCL) | Equity | -5.02% | 760,995 | 0.19% | $194.91 | $146.96 | $148,325,535 | $111,832,020 | -$36,493,515 | -24.60% |
| Oshkosh Corp. (OSK) | Equity | 0% | 1,645 | 0.00% | $125.63 | $147.30 | $206,661 | $242,300 | +$35,639 | +17.25% |
| Owens Corning (OC) | Equity | +7.09% | 280,528 | 0.04% | $111.91 | $108.15 | $31,393,888 | $30,339,103 | -$1,054,785 | -3.36% |
| Palo Alto Networks Inc. (PANW) | Equity | +100% | 2,640 | 0.00% | $184.20 | $160.29 | $486,288 | $423,166 | -$63,122 | -12.98% |
| Parker-Hannifin Corp. (PH) | Equity | 0% | 295 | 0.00% | $878.96 | $892.78 | $259,293 | $263,369 | +$4,076 | +1.57% |
| Paycom Software Inc. (PAYC) | Equity | +68.53% | 3,209,759 | 0.65% | $159.36 | $121.43 | $511,507,194 | $389,761,035 | -$121,746,159 | -23.80% |
| Pepsico Inc. (PEP) | Equity | 0% | 2,124 | 0.00% | $143.52 | $155.09 | $304,836 | $329,401 | +$24,565 | +8.06% |
| Philip Morris International Inc. (PM) | Equity | 0% | 5,099 | 0.00% | $160.40 | $165.49 | $817,880 | $843,834 | +$25,954 | +3.17% |
| Phillips 66 (PSX) | Equity | +2.48% | 13,978,492 | 2.29% | $129.04 | $181.78 | $1,803,784,642 | $2,540,940,383 | +$737,155,741 | +40.87% |
| Pimco Dynamic Income Strategy Fund (PDX) | Equity | 0% | 10,000 | 0.00% | $18.78 | $22.00 | $187,800 | $220,000 | +$32,200 | +17.15% |
| The Procter & Gamble Company (PG) | Equity | +2.76% | 1,897 | 0.00% | $143.31 | $144.42 | $271,859 | $273,965 | +$2,106 | +0.77% |
| Prudential PLC (PUK) | Equity | +0.33% | 7,520 | 0.00% | $31.12 | $27.42 | $234,022 | $206,198 | -$27,824 | -11.89% |
| Reinsurance Group Of America Inc. (RGA) | Equity | +27.36% | 4,261,078 | 1.10% | $203.46 | $204.06 | $866,958,995 | $869,515,577 | +$2,556,582 | +0.29% |
| Ryanair Holdings PLC (RYAAY) | Equity | -27.01% | 2,233,754 | 0.20% | $72.19 | $58.23 | $161,254,701 | $130,060,327 | -$31,194,374 | -19.34% |
| Salesforce Inc. (CRM) | Equity | +38.95% | 9,791,328 | 3.29% | $264.91 | $186.39 | $2,593,820,672 | $1,825,015,417 | -$768,805,255 | -29.64% |
| The Charles Schwab Corp. (SCHW) | Equity | +3.75% | 22,031,493 | 2.79% | $99.91 | $93.86 | $2,201,166,473 | $2,067,875,933 | -$133,290,540 | -6.06% |
| Sealed Air Corp. (SEE) | Equity | -28.26% | 3,805,827 | 0.20% | $41.43 | $42.07 | $157,675,413 | $160,092,113 | +$2,416,700 | +1.53% |
| SPDR S&P 500 ETF Trust (SPY) | Equity | +151.72% | 5,037 | 0.00% | $681.92 | $650.36 | $3,434,831 | $3,275,838 | -$158,993 | -4.63% |
| State Street Corp. (STT) | Equity | -17.25% | 6,306,244 | 1.03% | $129.01 | $126.86 | $813,568,549 | $800,010,114 | -$13,558,435 | -1.67% |
| Sysco Corp. (SYY) | Equity | -4.74% | 7,913,611 | 0.74% | $73.69 | $71.33 | $583,153,995 | $564,477,873 | -$18,676,122 | -3.20% |
| Targa Resources Corp. (TRGP) | Equity | +134.17% | 9,729,925 | 2.28% | $184.50 | $247.94 | $1,795,171,127 | $2,412,437,605 | +$617,266,478 | +34.38% |
| Te Connectivity PLC (TEL) | Equity | -19.40% | 3,229,986 | 0.93% | $227.51 | $208.99 | $734,854,151 | $675,018,624 | -$59,835,527 | -8.14% |
| Tenet Healthcare Corp. (THC) | Equity | 0% | 2,400 | 0.00% | $198.72 | $188.67 | $476,928 | $452,808 | -$24,120 | -5.06% |
| Texas Instruments Inc. (TXN) | Equity | -0.05% | 48,265 | 0.01% | $173.49 | $193.96 | $8,373,495 | $9,361,479 | +$987,984 | +11.80% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | 0% | 541 | 0.00% | $579.45 | $492.01 | $313,482 | $266,175 | -$47,307 | -15.09% |
| Thor Industries Inc. (THO) | Equity | -1.96% | 1,060,985 | 0.14% | $102.67 | $79.87 | $108,931,304 | $84,736,628 | -$24,194,676 | -22.21% |
| Truist Financial Corp. (TFC) | Equity | 0% | 23,000 | 0.00% | $49.21 | $45.92 | $1,131,830 | $1,056,045 | -$75,785 | -6.70% |
| Union Pacific Corp. (UNP) | Equity | +149.49% | 3,656,510 | 1.07% | $231.32 | $242.22 | $845,823,833 | $885,661,570 | +$39,837,737 | +4.71% |
| UnitedHealth Group Inc. (UNH) | Equity | 0% | 1,414 | 0.00% | $330.11 | $270.78 | $466,776 | $382,883 | -$83,893 | -17.97% |
| Vail Resorts Inc. (MTN) | Equity | -20.61% | 714,776 | 0.12% | $132.80 | $128.32 | $94,922,253 | $91,720,056 | -$3,202,197 | -3.37% |
| Vanguard Mid-cap Growth Index Fund ETF Shares (VOT) | Equity | 0% | 700 | 0.00% | $279.14 | $257.76 | $195,398 | $180,434 | -$14,964 | -7.66% |
| Vanguard Value Index Fund ETF Shares (VTV) | Equity | +2554.95% | 19,859 | 0.00% | $190.99 | $196.20 | $3,792,870 | $3,896,336 | +$103,466 | +2.73% |
| Visa Inc. (V) | Equity | -2.92% | 735,344 | 0.33% | $350.71 | $301.42 | $257,892,494 | $221,643,712 | -$36,248,782 | -14.06% |
| Walmart Inc. (WMT) | Equity | +33.18% | 3,512 | 0.00% | $111.41 | $124.22 | $391,272 | $436,261 | +$44,989 | +11.50% |
| Warner Bros. Discovery Inc. (WBD) | Equity | -17.83% | 78,854,809 | 2.88% | $28.82 | $27.45 | $2,272,595,595 | $2,164,170,233 | -$108,425,362 | -4.77% |
| Warner Music Group Corp. (WMG) | Equity | -20.20% | 1,652,725 | 0.06% | $30.67 | $25.50 | $50,689,076 | $42,144,488 | -$8,544,589 | -16.86% |
| Wells Fargo & Company (WFC) | Equity | +19.45% | 12,903,643 | 1.53% | $93.20 | $79.53 | $1,202,619,501 | $1,026,162,210 | -$176,457,291 | -14.67% |
| The Wendy'S Company (WEN) | Equity | -5.96% | 9,966,105 | 0.11% | $8.33 | $6.98 | $83,017,655 | $69,513,582 | -$13,504,073 | -16.27% |
| Willis Towers Watson Public Limited Company (WTW) | Equity | +30.70% | 5,613,089 | 2.34% | $328.60 | $290.95 | $1,844,461,180 | $1,633,100,179 | -$211,361,001 | -11.46% |
| Workday Inc. (WDAY) | Equity | -13.17% | 5,727 | 0.00% | $214.78 | $129.92 | $1,230,045 | $744,052 | -$485,993 | -39.51% |
| Zimmer Biomet Holdings Inc. (ZBH) | Equity | +158.17% | 12,264,703 | 1.40% | $89.92 | $90.28 | $1,102,842,069 | $1,107,196,063 | +$4,353,994 | +0.39% |