| # | Security | Value | Shares | % Port | Change | Δ Shares |
|---|---|---|---|---|---|---|
| 1 | CENOVUS ENERGY INC COM | $394.5M | 14.87M | 8.6% | REDUCED | -1,895,975 |
| 2 | APA CORPORATION COM | $351.0M | 8.27M | 7.6% | REDUCED | -1,233,224 |
| 3 | MERCK & CO INC COM | $297.3M | 2.47M | 6.5% | REDUCED | -366,902 |
| 4 | SIMON PPTY GROUP INC NEW COM | $291.0M | 1.56M | 6.3% | REDUCED | -231,470 |
| 5 | AMGEN INC COM | $245.6M | 697.9K | 5.3% | REDUCED | -103,877 |
| 6 | MACERICH CO COM | $229.7M | 12.16M | 5.0% | REDUCED | -1,808,473 |
| 7 | CONOCOPHILLIPS COM | $220.6M | 1.67M | 4.8% | REDUCED | -246,242 |
| 8 | DIAMONDBACK ENERGY INC COM | $211.5M | 1.07M | 4.6% | REDUCED | -158,444 |
| 9 | D R HORTON INC COM | $205.5M | 1.50M | 4.5% | REDUCED | -222,202 |
| 10 | OCCIDENTAL PETE CORP COM | $201.2M | 3.10M | 4.4% | REDUCED | -449,647 |
| 11 | AMERICAN EXPRESS CO COM | $182.3M | 602.6K | 4.0% | REDUCED | -165,788 |
| 12 | TARGET CORP COM | $180.9M | 1.49M | 3.9% | REDUCED | -221,262 |
| 13 | EBAY INC. COM | $161.2M | 1.77M | 3.5% | REDUCED | -261,392 |
| 14 | NVR INC COM | $141.9M | 21.5K | 3.1% | REDUCED | -3,207 |
| 15 | LENNAR CORP CL A | $137.7M | 1.59M | 3.0% | REDUCED | -236,066 |
| 16 | BANK AMERICA CORP COM | $134.5M | 2.76M | 2.9% | REDUCED | -410,119 |
| 17 | FIFTH THIRD BANCORP COM | $131.5M | 2.83M | 2.9% | REDUCED | -418,716 |
| 18 | JPMORGAN CHASE & CO COM | $122.4M | 416.1K | 2.7% | REDUCED | -146,698 |
| 19 | HOME DEPOT INC COM | $101.1M | 307.3K | 2.2% | REDUCED | -45,480 |
| 20 | WESTERN ALLIANCE BANCORP COM | $96.0M | 1.36M | 2.1% | REDUCED | -201,352 |
| 21 | U HAUL HOLDING COMPANY COM SER N | $95.9M | 2.15M | 2.1% | REDUCED | -320,586 |
| 22 | UNITEDHEALTH GROUP INC COM | $93.9M | 347.1K | 2.0% | ADDED | +38.4K |
| 23 | CREDIT ACCEP CORP MICH COM | $89.1M | 210.5K | 1.9% | ADDED | +22.1K |
| 24 | QUALCOMM INC COM | $70.3M | 545.8K | 1.5% | REDUCED | -81,127 |
| 25 | ULTA BEAUTY INC COM | $65.3M | 124.9K | 1.4% | REDUCED | -18,582 |
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 14, 2026