Q4 2025 Holdings
Filed 2026-02-06 | 49 holdings | $1.5B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| KinderCare Learning Cos Inc(KLC) | Common Stock | 49456W105 | $351.7M | 81,418,736 | 23.8% |
| Clarivate PLC(CLVT) | Common Stock | G21810909 | $85.4M | 25,583,059 | 5.8% |
| Apollo Global Management Inc(APO) | Common Stock | 03769M106 | $82.9M | 572,540 | 5.6% |
| Ares Management Corp(ARES) | Common Stock | 03990B101 | $70.6M | 436,910 | 4.8% |
| Brookfield Corp(BN) | Common Stock | 11271J107 | $60.6M | 1,320,346 | 4.1% |
| American Tower Corp(AMT) | REIT | 03027X100 | $55.0M | 313,125 | 3.7% |
| KKR & Co Inc(KKR) | Common Stock | 48251W104 | $52.0M | 408,003 | 3.5% |
| Blackstone Inc(BX) | Common Stock | 09260D107 | $51.5M | 334,073 | 3.5% |
| Republic Services Inc(RSG) | Common Stock | 760759100 | $44.7M | 210,806 | 3.0% |
| Blue Owl Capital Inc(OWL) | Common Stock | 09581B103 | $41.0M | 2,745,267 | 2.8% |
| Williams Cos Inc(WMB) | Common Stock | 969457100 | $40.9M | 680,676 | 2.8% |
| Atmos Energy Corp(ATO) | Common Stock | 049560105 | $40.5M | 241,751 | 2.7% |
| American Water Works Co Inc(AWK) | Common Stock | 030420103 | $40.1M | 307,389 | 2.7% |
| Union Pacific Corp(UNP) | Common Stock | 907818108 | $38.8M | 167,786 | 2.6% |
| Waste Management Inc(WM) | Common Stock | 94106L109 | $38.6M | 175,468 | 2.6% |
| Sempra(SRE) | Common Stock | 816851109 | $36.3M | 411,055 | 2.5% |
| CMS Energy Corp(CMS) | Common Stock | 125896100 | $34.8M | 498,234 | 2.4% |
| Ferrovial SE(FER) | Common Stock | N3168P101 | $34.4M | 531,719 | 2.3% |
| Equinix Inc(EQIX) | REIT | 29444U700 | $33.8M | 44,127 | 2.3% |
| CSX Corp(CSX) | Common Stock | 126408103 | $32.6M | 899,172 | 2.2% |
| Old Dominion Freight Line Inc(ODFL) | Common Stock | 679580100 | $30.5M | 194,631 | 2.1% |
| TPG Inc(TPG) | Common Stock | 872657101 | $27.0M | 423,161 | 1.8% |
| SBA Communications Corp(SBAC) | REIT | 78410G104 | $24.0M | 123,947 | 1.6% |
| TC Energy Corp(TRP) | Common Stock | 87807B107 | $23.7M | 431,583 | 1.6% |
| Canadian Pacific Kansas City L(CP) | Common Stock | 13646K108 | $19.4M | 263,598 | 1.3% |
| Enbridge Inc(ENB) | Common Stock | 29250N105 | $12.3M | 256,874 | 0.8% |
| Brookfield Asset Management Lt(BAM) | Common Stock | 113004105 | $12.2M | 231,951 | 0.8% |
| ArcBest Corp(ARCB) | Common Stock | 03937C105 | $10.9M | 147,476 | 0.7% |
| ADT Inc(ADT) | Common Stock | 00090Q103 | $9.0M | 1,114,353 | 0.6% |
| Kinder Morgan Inc(KMI) | Common Stock | 49456B101 | $8.0M | 291,741 | 0.5% |
| Life Time Group Holdings Inc(LTH) | Common Stock | 53190C102 | $7.4M | 277,777 | 0.5% |
| Toast Inc(TOST) | Common Stock | 888787108 | $6.6M | 185,085 | 0.4% |
| XPO Inc(XPO) | Common Stock | 983793100 | $5.7M | 41,877 | 0.4% |
| NU Holdings Ltd an Islands(NU) | Common Stock | G6683N103 | $2.4M | 145,202 | 0.2% |
| Royalty Pharma PLC(RPRX) | Common Stock | G7709Q104 | $1.9M | 49,855 | 0.1% |
| Restaurant Brands Internationa(QSR) | Common Stock | 76131D103 | $1.7M | 24,645 | 0.1% |
| Marriott International Inc(MAR) | Common Stock | 571903202 | $1.7M | 5,399 | 0.1% |
| Grupo Aeroportuario del Centro(G7A) | ADR | 400501102 | $1.6M | 14,380 | 0.1% |
| Warner Music Group Corp(WMG) | Common Stock | 934550203 | $1.4M | 45,986 | 0.1% |
| McDonald's Corp(MCD) | Common Stock | 580135101 | $1.1M | 3,477 | 0.1% |
| Royal Gold Inc(RGLD) | Common Stock | 780287108 | $934.5K | 4,204 | 0.1% |
| Wheaton Precious Metals Corp(WPM) | Common Stock | 962879102 | $931.5K | 7,926 | 0.1% |
| Sony Group Corp(SONY) | ADR | 835699307 | $921.6K | 36,000 | 0.1% |
| Hilton Worldwide Holdings Inc(HLT) | Common Stock | 43300A203 | $803.2K | 2,796 | 0.1% |
| ARM Holdings PLC(ARM) | ADR | 042068205 | $798.0K | 7,300 | 0.1% |
| Domino's Pizza Inc(DPZ) | Common Stock | 25754A201 | $611.5K | 1,467 | 0.0% |
| Dolby Laboratories Inc(DLB) | Common Stock | 25659T107 | $585.0K | 9,110 | 0.0% |
| Pembina Pipeline Corp(PBA) | Common Stock | 706327103 | $352.9K | 9,270 | 0.0% |
| InterDigital Inc(IDCC) | Common Stock | 45867G101 | $300.9K | 945 | 0.0% |