Q2 2025 Holdings
Filed 2025-08-14 | 34 holdings | $5.8B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Select Sector Spdr TR(XLI)Put | INDL | 81369Y704 | $958.9M | 6,500,000 | 16.5% |
| Select Sector Spdr TR(XLI)Call | INDL | 81369Y704 | $885.1M | 6,000,000 | 15.3% |
| Select Sector Spdr TR(XLB)Put | SBI MATERIALS | 81369Y100 | $307.3M | 3,500,000 | 5.3% |
| Darling Ingredients Inc(DAR) | COM | 237266101 | $263.8M | 6,953,973 | 4.5% |
| Select Sector Spdr TR(XLB)Call | SBI MATERIALS | 81369Y100 | $241.5M | 2,750,000 | 4.2% |
| Carrier Global Corporation(CARR) | COM | 14448C104 | $214.3M | 2,927,506 | 3.7% |
| Atkore Inc(ATKR) | COM | 047649108 | $185.4M | 2,628,189 | 3.2% |
| Fortive Corp(FTV) | COM | 34959J108 | $176.2M | 3,380,969 | 3.0% |
| Chart Inds Inc(GTLS) | COM | 16115Q308 | $166.8M | 1,013,128 | 2.9% |
| Davita Inc(DVA) | COM | 23918K108 | $156.5M | 1,098,980 | 2.7% |
| S&P Global Inc(SPGI) | COM | 78409V104 | $151.6M | 287,554 | 2.6% |
| Element Solutions Inc(ESI) | COM | 28618M106 | $151.1M | 6,670,826 | 2.6% |
| Rentokil Initial PLC(RTO) | SPONSORED ADR | 760125104 | $147.5M | 6,146,928 | 2.5% |
| Masterbrand Inc(MBC) | COMMON STOCK | 57638P104 | $131.4M | 12,024,816 | 2.3% |
| Pentair PLC(PNR) | SHS | G7S00T104 | $124.9M | 1,216,715 | 2.2% |
| Envista Holdings Corporation(NVST) | COM | 29415F104 | $123.7M | 6,328,183 | 2.1% |
| CRH PLC(CRH) | ORD | G25508105 | $122.4M | 1,333,065 | 2.1% |
| Gaming & Leisure Pptys Inc(GLPI) | COM | 36467J108 | $120.8M | 2,588,022 | 2.1% |
| Veralto Corp(VLTO) | COM SHS | 92338C103 | $114.5M | 1,134,524 | 2.0% |
| Amrize LTD(AMRZ) | SHS | H2927K103 | $97.9M | 1,976,759 | 1.7% |
| Carrier Global Corporation(CARR)Put | COM | 14448C104 | $91.5M | 1,250,000 | 1.6% |
| Armstrong World Inds Inc New(AWI) | COM | 04247X102 | $90.9M | 559,576 | 1.6% |
| TKO Group Holdings Inc(TKO) | CL A | 87256C101 | $88.9M | 488,590 | 1.5% |
| API Group Corp(APG) | COM STK | 00187Y100 | $87.5M | 1,714,040 | 1.5% |
| Vici Pptys Inc(VICI) | COM | 925652109 | $87.0M | 2,669,160 | 1.5% |
| Acuren Corp(TIC) | COM | 00510N102 | $85.8M | 7,771,068 | 1.5% |
| Lamb Weston Hldgs Inc(LW) | COM | 513272104 | $76.2M | 1,470,125 | 1.3% |
| Otis Worldwide Corp(OTIS) | COM | 68902V107 | $75.4M | 761,748 | 1.3% |
| Garrett Motion Inc(GTX) | COM | 366505105 | $68.1M | 6,479,417 | 1.2% |
| Neogen Corp(NEOG) | COM | 640491106 | $61.2M | 12,793,941 | 1.1% |
| Ralliant Corp(RAL) | COM | 750940108 | $56.4M | 1,163,656 | 1.0% |
| Wyndham Hotels & Resorts Inc(WH) | COM | 98311A105 | $51.2M | 630,278 | 0.9% |
| Consensus Cloud Solutions in(CCSI) | COM | 20848V105 | $33.6M | 1,455,990 | 0.6% |
| Mercer Intl Inc(MERC) | COM | 588056101 | $3.5M | 1,003,824 | 0.1% |