Q3 2025 Holdings
Filed 2025-11-14 | 34 holdings | $5.6B | 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 | $1.0B | 6,500,000 | 17.9% |
| Select Sector Spdr TR(XLI)Call | INDL | 81369Y704 | $771.2M | 5,000,000 | 13.8% |
| Select Sector Spdr TR(XLB)Put | SBI MATERIALS | 81369Y100 | $313.7M | 3,500,000 | 5.6% |
| Select Sector Spdr TR(XLB)Call | SBI MATERIALS | 81369Y100 | $246.5M | 2,750,000 | 4.4% |
| Fortive Corp(FTV) | COM | 34959J108 | $194.6M | 3,972,133 | 3.5% |
| Atkore Inc(ATKR) | COM | 047649108 | $184.7M | 2,944,048 | 3.3% |
| Carrier Global Corporation(CARR) | COM | 14448C104 | $174.8M | 2,927,506 | 3.1% |
| Darling Ingredients Inc(DAR) | COM | 237266101 | $172.1M | 5,575,909 | 3.1% |
| Davita Inc(DVA) | COM | 23918K108 | $158.2M | 1,190,383 | 2.8% |
| Amrize LTD(AMRZ) | SHS | H2927K103 | $153.8M | 3,169,304 | 2.8% |
| Rentokil Initial PLC(RTO) | SPONSORED ADR | 760125104 | $151.2M | 5,987,619 | 2.7% |
| S&P Global Inc(SPGI) | COM | 78409V104 | $140.0M | 287,554 | 2.5% |
| Masterbrand Inc(MBC) | COMMON STOCK | 57638P104 | $136.7M | 10,376,340 | 2.4% |
| Ralliant Corp(RAL) | COM | 750940108 | $130.6M | 2,985,730 | 2.3% |
| CRH PLC(CRH) | ORD | G25508105 | $127.9M | 1,066,695 | 2.3% |
| Envista Holdings Corporation(NVST) | COM | 29415F104 | $126.8M | 6,222,973 | 2.3% |
| Pentair PLC(PNR) | SHS | G7S00T104 | $119.7M | 1,080,956 | 2.1% |
| Veralto Corp(VLTO) | COM SHS | 92338C103 | $110.5M | 1,036,048 | 2.0% |
| Acuren Corp(TIC) | COM | 00510N102 | $109.7M | 8,242,035 | 2.0% |
| Gaming & Leisure Pptys Inc(GLPI) | COM | 36467J108 | $109.4M | 2,347,616 | 2.0% |
| TKO Group Holdings Inc(TKO) | CL A | 87256C101 | $108.0M | 534,946 | 1.9% |
| Element Solutions Inc(ESI) | COM | 28618M106 | $106.3M | 4,222,324 | 1.9% |
| Otis Worldwide Corp(OTIS) | COM | 68902V107 | $101.8M | 1,113,835 | 1.8% |
| Armstrong World Inds Inc New(AWI) | COM | 04247X102 | $94.0M | 479,720 | 1.7% |
| Vici Pptys Inc(VICI) | COM | 925652109 | $87.0M | 2,669,160 | 1.6% |
| Garrett Motion Inc(GTX) | COM | 366505105 | $86.1M | 6,322,622 | 1.5% |
| API Group Corp(APG) | COM STK | 00187Y100 | $73.0M | 2,123,976 | 1.3% |
| Wyndham Hotels & Resorts Inc(WH) | COM | 98311A105 | $64.5M | 806,778 | 1.2% |
| Lamb Weston Hldgs Inc(LW) | COM | 513272104 | $63.7M | 1,096,923 | 1.1% |
| Neogen Corp(NEOG) | COM | 640491106 | $62.2M | 10,900,452 | 1.1% |
| Consensus Cloud Solutions in(CCSI) | COM | 20848V105 | $40.3M | 1,371,014 | 0.7% |
| XBP Global Holdings Inc | COM | 98400V101 | $25.8M | 31,931,506 | 0.5% |
| Darling Ingredients Inc(DAR)Call | COM | 237266101 | $24.4M | 790,000 | 0.4% |
| Chart Inds Inc(GTLS) | COM | 16115Q308 | $18.4M | 92,000 | 0.3% |