| # | Security | Value | Shares | % Port | Change | Δ Shares |
|---|---|---|---|---|---|---|
| 1 | SELECT SECTOR SPDR TR STATE STREET IND | $390.0M | 2.41M | 10.7% | REDUCED | -903,500 |
| 2 | SELECT SECTOR SPDR TR STATE STREET MAT | $202.4M | 4.05M | 5.5% | REDUCED | -2,350,000 |
| 3 | ISHARES TR IBOXX HI YD ETF | $169.1M | 2.13M | 4.6% | NEW | — |
| 4 | ATKORE INC COM | $158.2M | 2.69M | 4.3% | REDUCED | -47,429 |
| 5 | DARLING INGREDIENTS INC COM | $146.0M | 2.36M | 4.0% | REDUCED | -2,382,929 |
| 6 | TIC SOLUTIONS INC COM | $143.8M | 21.85M | 3.9% | ADDED | +7.01M |
| 7 | CARRIER GLOBAL CORPORATION COM | $140.5M | 2.49M | 3.8% | REDUCED | -725,689 |
| 8 | S&P GLOBAL INC COM | $139.5M | 328.0K | 3.8% | ADDED | +40.4K |
| 9 | RENTOKIL INITIAL PLC SPONSORED ADR | $137.0M | 4.35M | 3.7% | REDUCED | -164,616 |
| 10 | ENVISTA HOLDINGS CORPORATION COM | $136.1M | 5.36M | 3.7% | REDUCED | -445,408 |
| 11 | AMRIZE LTD SHS | $135.2M | 2.41M | 3.7% | REDUCED | -31,975 |
| 12 | FORTIVE CORP COM | $115.5M | 2.09M | 3.2% | REDUCED | -352,307 |
| 13 | CRH PLC ORD | $114.5M | 1.09M | 3.1% | ADDED | +310.6K |
| 14 | DAVITA INC COM | $111.1M | 723.0K | 3.0% | REDUCED | -452,477 |
| 15 | GARRETT MOTION INC COM | $107.9M | 5.94M | 2.9% | ADDED | +457.8K |
| 16 | ELEMENT SOLUTIONS INC COM | $104.4M | 3.06M | 2.9% | REDUCED | -1,503,920 |
| 17 | VERALTO CORP COM SHS | $95.5M | 1.08M | 2.6% | ADDED | +287.1K |
| 18 | GAMING & LEISURE P COM | $91.3M | 2.06M | 2.5% | REDUCED | -30,832 |
| 19 | VICI PPTYS INC COM | $88.4M | 3.23M | 2.4% | REDUCED | -175,000 |
| 20 | TKO GROUP HOLDINGS INC CL A | $86.3M | 427.9K | 2.4% | REDUCED | -22,000 |
| 21 | MASTERBRAND INC COMMON STOCK | $86.0M | 10.35M | 2.3% | ADDED | +1.12M |
| 22 | ARMSTRONG WORLD INDS INC NEW COM | $82.1M | 498.3K | 2.2% | ADDED | +70.5K |
| 23 | PENTAIR PLC SHS | $78.6M | 902.6K | 2.1% | ADDED | +502.6K |
| 24 | KBR INC COM | $77.1M | 2.09M | 2.1% | NEW | — |
| 25 | SMITH A O CORP COM | $71.7M | 1.09M | 2.0% | NEW | — |
Holdings data sourced from SEC EDGAR 13F-HR filings. Updated quarterly, approximately 45 days after quarter end. All data is public domain.
Last filed: May 15, 2026