Q1 2025 Holdings
Filed 2025-05-15 | 112 holdings | $17.5B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| QXO Inc(QXO) | COM NEW | 82846H405 | $1.5B | 109,409,191 | 8.5% |
| Corpay Inc(CPAY) | COM SHS | 219948106 | $1.3B | 3,731,221 | 7.4% |
| Elevance Health Inc(ELV) | COM | 036752103 | $1.2B | 2,849,173 | 7.1% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $626.6M | 21,964,323 | 3.6% |
| Interactive Brokers Group in(IBKR) | COM CL A | 45841N107 | $578.5M | 3,493,357 | 3.3% |
| RXO Inc(RXO) | COMMON STOCK | 74982T103 | $577.4M | 30,232,511 | 3.3% |
| GXO Logistics Incorporated(GXO) | COMMON STOCK | 36262G101 | $526.5M | 13,473,172 | 3.0% |
| British Amern TOB PLC(BMTA) | SPONSORED ADR | 110448107 | $497.3M | 12,021,231 | 2.8% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $473.1M | 6,456,363 | 2.7% |
| Smurfit Westrock PLC(SW) | SHS | G8267P108 | $455.7M | 10,114,213 | 2.6% |
| Alnylam Pharmaceuticals Inc(ALNY) | COM | 02043Q107 | $441.5M | 1,634,923 | 2.5% |
| Renaissancere Hldgs LTD(RNR) | COM | G7496G103 | $419.6M | 1,748,169 | 2.4% |
| Netease Inc(NTES) | SPONSORED ADS | 64110W102 | $377.2M | 3,664,973 | 2.2% |
| Microchip Technology Inc.(MCHP) | COM | 595017104 | $369.6M | 7,635,024 | 2.1% |
| Disney Walt Co(DIS) | COM | 254687106 | $354.2M | 3,588,463 | 2.0% |
| Steris PLC(STE) | SHS USD | G8473T100 | $350.0M | 1,544,011 | 2.0% |
| Unitedhealth Group Inc(UNH) | COM | 91324P102 | $348.4M | 665,142 | 2.0% |
| AES Corp(AES) | COM | 00130H105 | $341.8M | 27,518,952 | 2.0% |
| Nebius Group N.V.(NBIS) | SHS CLASS A | N97284108 | $331.5M | 15,702,222 | 1.9% |
| Motorola Solutions Inc(MSI) | COM NEW | 620076307 | $322.3M | 736,093 | 1.8% |
| Global Pmts Inc(GPN) | COM | 37940X102 | $315.5M | 3,222,435 | 1.8% |
| Vale S A(VALE) | SPONSORED ADS | 91912E105 | $312.0M | 31,257,989 | 1.8% |
| Franco NEV Corp(FNV) | COM | 351858105 | $302.4M | 1,918,952 | 1.7% |
| Baidu Inc(BIDUN) | SPON ADR REP A | 056752108 | $297.8M | 3,236,111 | 1.7% |
| XPO Inc(XPO) | COM | 983793100 | $290.2M | 2,697,161 | 1.7% |
| PDD Holdings Inc(PDD) | SPONSORED ADS | 722304102 | $283.7M | 2,397,312 | 1.6% |
| Spdr Gold TR(GLD) | GOLD SHS | 78463V107 | $274.2M | 951,603 | 1.6% |
| Newmont Corp(NEM) | COM | 651639106 | $273.9M | 5,672,683 | 1.6% |
| Cinemark Hldgs Inc(CNK) | COM | 17243V102 | $252.4M | 10,142,246 | 1.4% |
| Firstservice Corp New(FSV) | COM | 33767E202 | $235.2M | 1,417,190 | 1.3% |
| Itau Unibanco Hldg S A(BVXB) | SPON ADR REP PFD | 465562106 | $227.6M | 41,390,151 | 1.3% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $201.3M | 1,301,632 | 1.2% |
| Micron Technology Inc(MU) | COM | 595112103 | $200.0M | 2,301,640 | 1.1% |
| Booking Holdings Inc(BKNG) | COM | 09857L108 | $194.3M | 42,172 | 1.1% |
| NU Hldgs LTD(NU) | ORD SHS CL A | G6683N103 | $150.8M | 14,722,930 | 0.9% |
| Synaptics Inc(SYNA) | COM | 87157D109 | $140.6M | 2,207,130 | 0.8% |
| Ryder SYS Inc(R) | COM | 783549108 | $125.3M | 870,959 | 0.7% |
| Genmab A/S(GMAB) | SPONSORED ADS | 372303206 | $111.8M | 5,710,741 | 0.6% |
| Vipshop Hldgs LTD(VIPS) | SPONSORED ADS A | 92763W103 | $109.9M | 7,009,180 | 0.6% |
| SEA LTD(SE) | SPONSORD ADS | 81141R100 | $108.2M | 828,958 | 0.6% |
| Barrick Gold Corp(ABX) | COM | 067901108 | $106.6M | 5,481,945 | 0.6% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $103.0M | 1,326,424 | 0.6% |
| Imax Corp(IMAX) | COM | 45245E109 | $102.3M | 3,882,766 | 0.6% |
| Arch Cap Group LTD(ACGL) | ORD | G0450A105 | $99.0M | 1,029,505 | 0.6% |
| Burford Cap LTD(BUR) | ORD SHS | G17977110 | $95.6M | 7,235,504 | 0.5% |
| Pennymac Finl Svcs Inc New(PFSI) | COM | 70932M107 | $92.8M | 926,775 | 0.5% |
| Cemex SAB de CV(CX) | SPON ADR NEW | 151290889 | $77.6M | 13,831,102 | 0.4% |
| Gold Fields LTD(EDG) | SPONSORED ADR | 38059T106 | $77.2M | 3,494,861 | 0.4% |
| Genpact Limited(G) | SHS | G3922B107 | $75.9M | 1,506,477 | 0.4% |
| Marriott Intl Inc(MAR) | CL A | 571903202 | $73.8M | 309,641 | 0.4% |