Q4 2025 Holdings
Filed 2026-02-13 | 108 holdings | $7.3B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Carnival Corp(CCL) | UNIT 99/99/9999 | 143658300 | $1.0B | 33,944,782 | 14.3% |
| Canadian Pacific Kansas City LTD(CP) | COM | 13646K108 | $928.6M | 12,596,802 | 12.8% |
| Smurfit Westrock PLC(SW) | SHS | G8267P108 | $739.9M | 19,132,879 | 10.2% |
| Deutsche Bank AG | NAMEN AKT | D18190898 | $551.7M | 14,194,354 | 7.6% |
| Barrick Mining Corp(B) | COM | 06849F108 | $264.5M | 6,093,395 | 3.6% |
| Alibaba Group Holding LTD(BABA) | SPONSORED ADS | 01609W102 | $176.3M | 1,203,049 | 2.4% |
| Taiwan Semiconductor Manufacturing Co LTD(TSM) | SPONSORED ADS | 874039100 | $155.5M | 511,720 | 2.1% |
| Cognizant Technology Solutions Corp(CTSH) | CL A | 192446102 | $128.8M | 1,552,361 | 1.8% |
| Alphabet Inc(GOOG) | CAP STK CL C | 02079K107 | $116.1M | 370,001 | 1.6% |
| Merck & Co Inc(MRK) | COM | 58933Y105 | $110.0M | 1,044,617 | 1.5% |
| Carrier Global Corp(CARR) | COM | 14448C104 | $97.7M | 1,848,827 | 1.3% |
| Genpact LTD(G) | SHS | G3922B107 | $97.5M | 2,084,209 | 1.3% |
| Barclays PLC(BCS) | ADR | 06738E204 | $95.5M | 3,750,607 | 1.3% |
| Astrazeneca PLC(AZN) | SPONSORED ADR | 046353108 | $92.9M | 1,010,898 | 1.3% |
| Biogen Inc(BIIB) | COM | 09062X103 | $91.7M | 521,101 | 1.3% |
| Citigroup Inc(C) | COM NEW | 172967424 | $81.4M | 697,445 | 1.1% |
| Everest Group LTD(EG) | COM | G3223R108 | $81.0M | 238,558 | 1.1% |
| Axis Capital Holdings LTD(AXS) | SHS | G0692U109 | $77.2M | 721,221 | 1.1% |
| Meta Platforms Inc(META) | CL A | 30303M102 | $72.9M | 110,385 | 1.0% |
| Alaska AIR Group Inc(ALK) | COM | 011659109 | $72.2M | 1,434,517 | 1.0% |
| Analog Devices Inc(ADI) | COM | 032654105 | $71.3M | 263,030 | 1.0% |
| Gold Fields LTD(EDG) | SPONSORED ADR | 38059T106 | $70.8M | 1,621,076 | 1.0% |
| Credicorp LTD(BAP) | COM | G2519Y108 | $69.5M | 242,024 | 1.0% |
| Graphic Packaging Holding Co(GPK) | COM | 388689101 | $68.2M | 4,528,554 | 0.9% |
| Zimmer Biomet Holdings Inc(ZBH) | COM | 98956P102 | $65.5M | 728,498 | 0.9% |
| Live Nation Entertainment Inc(LYV) | COM | 538034109 | $63.7M | 447,113 | 0.9% |
| Walt Disney Co(DIS) | COM | 254687106 | $62.1M | 546,064 | 0.9% |
| SAP SE(SAP) | SPON ADR | 803054204 | $60.9M | 250,748 | 0.8% |
| Koninklijke Philips NV(PHG) | NY REGIS SHS NEW | 500472303 | $59.5M | 2,198,531 | 0.8% |
| Citizens Financial Group Inc(CFG) | COM | 174610105 | $59.2M | 1,014,186 | 0.8% |
| BP PLC(BP) | SPONSORED ADR | 055622104 | $57.0M | 1,640,680 | 0.8% |
| Whirlpool Corp(WHR) | COM | 963320106 | $54.9M | 761,228 | 0.8% |
| National Grid PLC(NGG) | SPONSORED ADR NE | 636274409 | $54.9M | 709,485 | 0.8% |
| Joyy Inc(JOYY) | ADS REPSTG COM A | 46591M109 | $52.6M | 812,601 | 0.7% |
| Pfizer Inc(PFE) | COM | 717081103 | $52.1M | 2,091,719 | 0.7% |
| Sanofi SA(SNY) | SPONSORED ADR | 80105N105 | $51.6M | 1,063,958 | 0.7% |
| Aptiv PLC(APTV) | SHS | G3265R107 | $50.9M | 668,620 | 0.7% |
| Novo Nordisk A/S(NVO) | ADR | 670100205 | $50.6M | 993,850 | 0.7% |
| Relx PLC(RELX) | SPONSORED ADR | 759530108 | $48.1M | 1,189,379 | 0.7% |
| Ingersoll Rand Inc(IR) | COM | 45687V106 | $47.3M | 596,771 | 0.7% |
| Prudential PLC(PUKN) | ADR | 74435K204 | $47.0M | 1,508,912 | 0.6% |
| Anheuser-Busch Inbev SA(BUD) | SPONSORED ADR | 03524A108 | $44.9M | 701,343 | 0.6% |
| Infosys LTD(INFY) | SPONSORED ADR | 456788108 | $44.2M | 2,482,318 | 0.6% |
| PDD Holdings Inc(PDD) | SPONSORED ADS | 722304102 | $42.1M | 371,241 | 0.6% |
| Diageo PLC(DGED) | SPON ADR NEW | 25243Q205 | $41.9M | 485,288 | 0.6% |
| Pagseguro Digital LTD(PAGS) | COM CL A | G68707101 | $39.0M | 4,045,457 | 0.5% |
| Anglogold Ashanti PLC(AU) | COM SHS | G0378L100 | $37.6M | 434,260 | 0.5% |
| Booz Allen Hamilton Holding Corp(BAH) | CL A | 099502106 | $33.4M | 396,332 | 0.5% |
| Boeing Co(BA) | COM | 097023105 | $33.0M | 151,928 | 0.5% |
| Ishares Msci India Small-Cap ETF(SMIN) | MSCI INDIA SM CP | 46429B614 | $32.1M | 458,977 | 0.4% |