Fulcrum Asset Management LLP

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Institutional

CIK 0001353395

$661.8M

Reported AUM

219

Positions

Q1 2026

Period

2026-05-14

Filed

The Brief · Fulcrum Asset Management LLP · Q1 2026

AI · grounded in 13F

Fulcrum Asset Management LLP established a new position in NVDA valued at $49.1M. The fund also initiated new stakes in MSFT for $25.2M and DAR for $22.1M. Additional new positions include AMZN, AVGO, and HAL.

Portfolio · Q1 2026

Top holdings

QoQ vs Q4 2025

#	Stock	Issuer	Price	Day %	1Y Gr.	5Y Gr.	Value	% of book	Δ shares (QoQ)	Status
1	NVDA	NVIDIA CORP	$205.10	-6.20%	44.92%	955.49%	$49.1M	7.41%	—	HELD
2	MSFT	MICROSOFT CORP COMP	$416.67	-2.66%	-10.71%	52.39%	$25.2M	3.81%	—	HELD
3	DAR	DARLING INGREDIENTS INC	$59.45	-2.09%	93.33%	-13.93%	$22.1M	3.34%	—	HELD
4	AMZN	AMAZON.COM INC COMP	$246.03	-3.06%	15.20%	47.87%	$21.4M	3.23%	—	HELD
5	AVGO	BROADCOM INC COMP	$385.73	-7.92%	57.48%	771.51%	$21.1M	3.19%	—	HELD
6	HAL	HALLIBURTON CO COMP	$39.18	-4.95%	97.00%	108.38%	$20.1M	3.04%	—	HELD
7	SLB	SLB LTD	$54.87	-5.41%	67.83%	112.39%	$17.4M	2.63%	—	HELD
8	GOOG	ALPHABET IN-CL C	$365.76	-0.95%	109.82%	172.71%	$17.3M	2.62%	—	HELD
9	WM	WASTE MANAGEMENT INC	$220.40	0.63%	-4.92%	60.74%	$16.3M	2.47%	—	HELD
10	GOOGL	ALPHABET INC-CL A	$368.53	-0.98%	112.92%	175.80%	$13.8M	2.08%	—	HELD
11	NEE	NEXTERA ENERGY INC COMP	$85.84	0.19%	23.39%	25.67%	$13.4M	2.02%	—	HELD
12	RSG	REPUBLIC SERVICES INC COMP	$210.04	1.02%	-16.06%	88.43%	$13.3M	2.01%	—	HELD
13	LBRT	LIBERTY ENERGY -A COMP	$28.45	-9.85%	136.46%	196.83%	$12.3M	1.86%	—	HELD
14	PUMP	PROPETRO HOLDING CORP COMP	$14.74	-10.50%	147.32%	95.23%	$12.1M	1.83%	—	HELD
15	—	TRANE TECHNOLOGIES PLC COMP	—	—	—	—	$11.3M	1.70%	—	HELD
16	JPM	JPMORGAN CHASE & CO	$312.37	0.48%	19.84%	133.52%	$10.9M	1.65%	—	HELD
17	PTEN	PATTERSON-UTI ENERGY INC COMP	$11.51	-6.19%	111.38%	66.55%	$10.4M	1.57%	—	HELD
18	WHD	CACTUS INC - A COMP	$56.62	-3.84%	26.13%	65.39%	$10.4M	1.57%	—	HELD
19	CF	CF INDUSTRIES HOLDINGS INC	$113.49	-3.43%	25.81%	167.00%	$10.1M	1.52%	—	HELD
20	HP	HELMERICH & PAYNE COMP	$37.46	-5.40%	132.02%	59.38%	$9.8M	1.48%	—	HELD
21	DVN	DEVON ENERGY CORP COMP	$44.28	-3.72%	40.68%	117.94%	$9.4M	1.41%	—	HELD
22	GPRE	GREEN PLAINS INC	$14.97	-0.73%	258.99%	-57.66%	$9.0M	1.36%	—	HELD
23	NOV	NOV INC COMP	$20.14	-6.11%	66.58%	59.60%	$8.1M	1.22%	—	HELD
24	WCN	WASTE CONNECTIONS INC	$155.22	0.82%	-17.91%	26.78%	$7.9M	1.19%	—	HELD
25	PBF	PBF ENERGY INC-CLASS A COMP	$42.50	-0.61%	139.48%	417.10%	$7.7M	1.16%	—	HELD
26	V	VISA INC-CLASS A SHARES	$323.57	1.06%	-11.91%	36.33%	$7.5M	1.13%	—	HELD
27	FTI	TECHNIPFMC PLC COMP	$66.82	-3.17%	106.31%	844.32%	$7.3M	1.10%	—	HELD
28	NTR	NUTRIEN LTD	$67.20	-2.61%	14.35%	30.33%	$7.0M	1.06%	—	HELD
29	MU	MICRON TECHNOLOGY INC COMP	$864.01	-13.25%	697.79%	1041.92%	$6.9M	1.04%	—	HELD
30	MA	MASTERCARD INC - A	$491.08	1.93%	-16.29%	31.00%	$6.6M	1.00%	—	HELD
31	APH	AMPHENOL CORP-CL A COMP	$138.81	-5.42%	—	—	$6.3M	0.96%	—	HELD
32	DINO	HF SINCLAIR CORP COMP	$71.39	-1.98%	—	—	$6.0M	0.91%	—	HELD
33	—	TRAVELERS COS INC/THE	—	—	—	—	$5.6M	0.84%	—	HELD
34	JNJ	JOHNSON & JOHNSON	$232.77	2.02%	—	—	$5.5M	0.84%	—	HELD
35	AEM	AGNICO EAGLE MINES LTD COMP	$163.66	-7.41%	—	—	$5.5M	0.83%	—	HELD
36	BKR	BAKER HUGHES CO COMP	$62.59	-5.32%	—	—	$5.3M	0.81%	—	HELD
37	PSX	PHILLIPS 66 COMP	$183.08	-0.58%	—	—	$5.1M	0.77%	—	HELD
38	KGC	KINROSS GOLD CORP COMP	$26.22	-8.32%	—	—	$5.0M	0.76%	—	HELD
39	ES	EVERSOURCE ENERGY COMP	$70.60	1.03%	—	—	$4.5M	0.68%	—	HELD
40	CVX	CHEVRON CORP COMP	$187.31	-0.55%	—	—	$4.5M	0.68%	—	HELD
41	AME	AMETEK INC COMP	$226.55	-0.97%	—	—	$4.5M	0.68%	—	HELD
42	IBKR	INTERACTIVE BROKERS GRO-CL A COMP	$84.40	-3.06%	—	—	$4.4M	0.67%	—	HELD
43	CLH	CLEAN HARBORS INC	$283.03	-1.35%	—	—	$4.4M	0.66%	—	HELD
44	NBR	NABORS INDUSTRIES LTD COMP	$95.93	-5.10%	—	—	$4.3M	0.65%	—	HELD
45	PGR	PROGRESSIVE CORP COMP	$204.02	4.42%	—	—	$4.3M	0.65%	—	HELD
46	MPC	MARATHON PETROLEUM CORP COMP	$262.01	-1.89%	—	—	$4.2M	0.63%	—	HELD
47	RGLD	ROYAL GOLD INC COMP	$206.07	-6.40%	—	—	$4.2M	0.63%	—	HELD
48	OSK	OSHKOSH CORP COMP	$130.53	-1.95%	—	—	$4.2M	0.63%	—	HELD
49	AMAT	APPLIED MATERIALS INC COMP	$453.01	-9.71%	—	—	$4.2M	0.63%	—	HELD
50	AA	ALCOA CORP COMP	$71.89	-7.86%	—	—	$4.2M	0.63%	—	HELD
51	RES	RPC INC COMP	$6.81	-6.20%	—	—	$3.9M	0.60%	—	HELD
52	TDW	TIDEWATER INC COMP	$72.48	-2.42%	—	—	$3.9M	0.58%	—	HELD
53	TMO	THERMO FISHER SCIENTIFIC INC COMP	$472.80	-1.91%	—	—	$3.8M	0.57%	—	HELD
54	BTU	PEABODY ENERGY CORP COMP	$28.10	-9.96%	—	—	$3.7M	0.55%	—	HELD
55	ED	CONSOLIDATED EDISON INC COMP	$106.26	2.09%	—	—	$3.6M	0.54%	—	HELD
56	PANW	PALO ALTO NETWORKS INC COMP	$272.05	-2.58%	—	—	$3.3M	0.49%	—	HELD
57	VLO	VALERO ENERGY CORP COMP	$255.82	-1.17%	—	—	$3.3M	0.49%	—	HELD
58	LRCX	LAM RESEARCH CORP COMP	$303.28	-9.85%	—	—	$3.0M	0.46%	—	HELD
59	AWK	AMERICAN WATER WORKS CO INC COMP	$124.47	1.82%	—	—	$3.0M	0.45%	—	HELD
60	CPAY	CORPAY INC COMP	$347.45	-2.72%	—	—	$2.9M	0.45%	—	HELD
61	SPGI	S&P GLOBAL INC	$424.44	1.03%	—	—	$2.8M	0.43%	—	HELD
62	MS	MORGAN STANLEY COMP	$211.93	-2.90%	—	—	$2.8M	0.43%	—	HELD
63	MRK	MERCK & CO. INC. COMP	$120.79	0.44%	—	—	$2.8M	0.42%	—	HELD
64	ADSK	AUTODESK INC COMP	$229.96	-1.58%	—	—	$2.8M	0.42%	—	HELD
65	IAG	IAMGOLD CORP COMP	$15.42	-10.30%	—	—	$2.7M	0.41%	—	HELD
66	BSX	BOSTON SCIENTIFIC CORP	$48.55	-0.61%	—	—	$2.7M	0.41%	—	HELD
67	DNOW	NOW INC COMP	$13.23	-2.00%	—	—	$2.7M	0.41%	—	HELD
68	AMD	ADVANCED MICRO DEVICES COMP	$466.38	-10.86%	—	—	$2.7M	0.40%	—	HELD
69	TJX	TJX COMPANIES INC	$160.71	1.31%	—	—	$2.7M	0.40%	—	HELD
70	AGI	ALAMOS GOLD INC-CLASS A COMP	$35.52	-8.00%	—	—	$2.6M	0.40%	—	HELD
71	BAC	BANK OF AMERICA CORP	$53.83	-0.63%	—	—	$2.6M	0.40%	—	HELD
72	PEP	PEPSICO INC	$141.92	-0.16%	—	—	$2.5M	0.37%	—	HELD
73	UNH	UNITEDHEALTH GROUP INC COMP	$399.47	0.76%	—	—	$2.4M	0.36%	—	HELD
74	CTVA	CORTEVA INC COMP	$77.03	-0.56%	—	—	$2.4M	0.36%	—	HELD
75	SRE	SEMPRA ENERGY COMP	$91.42	1.20%	—	—	$2.3M	0.35%	—	HELD
76	DHI	DR HORTON INC	$145.60	-0.55%	—	—	$2.3M	0.34%	—	HELD
77	WEX	WEX INC COMP	$148.21	0.91%	—	—	$2.2M	0.33%	—	HELD
78	TRGP	TARGA RESOURCES CORP COMP	$264.09	-1.23%	—	—	$2.2M	0.33%	—	HELD
79	TTWO	TAKE-TWO INTERACTIVE SOFTWRE COMP	$214.39	-1.04%	—	—	$2.1M	0.32%	—	HELD
80	HCC	WARRIOR MET COAL INC COMP	$99.92	-5.67%	—	—	$2.1M	0.32%	—	HELD
81	LOW	LOWE'S COS INC	$210.74	1.55%	—	—	$2.1M	0.32%	—	HELD
82	CI	CIGNA CORP	$289.48	3.14%	—	—	$2.1M	0.31%	—	HELD
83	CMG	CHIPOTLE MEXICAN GRILL INC COMP	$29.34	4.12%	—	—	$2.0M	0.31%	—	HELD
84	OKE	ONEOK INC COMP	$88.25	-0.79%	—	—	$1.8M	0.27%	—	HELD
85	AJG	ARTHUR J GALLAGHER & CO COMP	$216.14	2.44%	—	—	$1.6M	0.25%	—	HELD
86	DK	DELEK US HOLDINGS INC COMP	$48.28	1.28%	—	—	$1.5M	0.23%	—	HELD
87	LEN	LENNAR CORP-A	$90.49	-1.51%	—	—	$1.5M	0.23%	—	HELD
88	LHX	L3HARRIS TECHNOLOGIES INC COMP	$307.83	-0.63%	—	—	$1.5M	0.22%	—	HELD
89	ELV	ELEVANCE HEALTH INC COMP	$415.53	1.49%	—	—	$1.5M	0.22%	—	HELD
90	FISV	FISERV INC COMP	$54.43	-3.20%	—	—	$1.5M	0.22%	—	HELD
91	CRM	SALESFORCE.COM INC	$185.66	-1.64%	—	—	$1.4M	0.21%	—	HELD
92	ENB	ENBRIDGE INC COMP	$56.31	-0.76%	—	—	$1.4M	0.21%	—	HELD
93	WMB	WILLIAMS COS INC COMP	$71.96	-0.65%	—	—	$1.4M	0.20%	—	HELD
94	OII	OCEANEERING INTL INC COMP	$37.15	-6.61%	—	—	$1.3M	0.20%	—	HELD
95	TALO	TALOS ENERGY INC COMP	$14.44	-5.62%	—	—	$1.2M	0.19%	—	HELD
96	VZ	VERIZON COMMUNICATIONS INC COMP	$45.37	1.11%	—	—	$1.2M	0.18%	—	HELD
97	MOS	MOSAIC CO/THE COMP	$22.24	-2.88%	—	—	$1.2M	0.17%	—	HELD
98	MSCI	MSCI INC COMP	$615.46	-0.55%	—	—	$1.1M	0.16%	—	HELD
99	T	AT&T INC COMP	$22.75	-0.09%	—	—	$1.1M	0.16%	—	HELD
100	AMR	ALPHA METALLURGICAL RESOURCE COMP	$202.38	-5.96%	—	—	$1.0M	0.16%	—	HELD
101	CCJ	CAMECO CORP COMP	$103.44	-9.28%	—	—	$1.0M	0.15%	—	HELD
102	AEP	AMERICAN ELECTRIC POWER COMP	$129.14	1.06%	—	—	$1.0M	0.15%	—	HELD
103	EQX	EQUINOX GOLD CORP COMP	—	—	—	—	$1.0M	0.15%	—	HELD
104	CRK	COMSTOCK RESOURCES INC COMP	—	—	—	—	$1.0M	0.15%	—	HELD
105	KLAC	KLA CORP COMP	—	—	—	—	$993K	0.15%	—	HELD
106	KMI	KINDER MORGAN INC COMP	—	—	—	—	$981K	0.15%	—	HELD
107	NI	NISOURCE INC COMP	—	—	—	—	$970K	0.15%	—	HELD
108	ECL	ECOLAB INC	—	—	—	—	$959K	0.14%	—	HELD
109	AM	ANTERO MIDSTREAM CORP COMP	—	—	—	—	$927K	0.14%	—	HELD
110	MPLX	MPLX LP COMP	—	—	—	—	$926K	0.14%	—	HELD
111	ATO	ATMOS ENERGY CORP COMP	—	—	—	—	$909K	0.14%	—	HELD
112	AEE	AMEREN CORPORATION COMP	—	—	—	—	$875K	0.13%	—	HELD
113	PTC	PTC INC COMP	—	—	—	—	$874K	0.13%	—	HELD
114	ADBE	ADOBE SYSTEMS INC	—	—	—	—	$865K	0.13%	—	HELD
115	AVAV	AEROVIRONMENT INC COMP	—	—	—	—	$749K	0.11%	—	HELD
116	PLD	PROLOGIS INC	—	—	—	—	$733K	0.11%	—	HELD
117	BMY	BRISTOL-MYERS SQUIBB CO	—	—	—	—	$716K	0.11%	—	HELD
118	INTU	INTUIT INC COMP	—	—	—	—	$683K	0.10%	—	HELD
119	EPD	ENTERPRISE PRODUCTS PARTNERS COMP	—	—	—	—	$659K	0.10%	—	HELD
120	PHM	PULTEGROUP INC COMP	—	—	—	—	$628K	0.09%	—	HELD
121	TMUS	T-MOBILE US INC COMP	—	—	—	—	$623K	0.09%	—	HELD
122	CVI	CVR ENERGY INC COMP	—	—	—	—	$618K	0.09%	—	HELD
123	GFL	GFL ENVIRONMENTAL INC-SUB VT COMP	—	—	—	—	$609K	0.09%	—	HELD
124	UNP	UNION PACIFIC CORP	—	—	—	—	$594K	0.09%	—	HELD
125	CME	CME GROUP INC COMP	—	—	—	—	$580K	0.09%	—	HELD
126	IDXX	IDEXX LABORATORIES INC	—	—	—	—	$578K	0.09%	—	HELD
127	OGE	OGE ENERGY CORP COMP	—	—	—	—	$569K	0.09%	—	HELD
128	NXE	NEXGEN ENERGY LTD COMP	—	—	—	—	$566K	0.09%	—	HELD
129	ARES	ARES MANAGEMENT CORP - A COMP	—	—	—	—	$550K	0.08%	—	HELD
130	XEL	XCEL ENERGY INC COMP	—	—	—	—	$525K	0.08%	—	HELD
131	PLNT	PLANET FITNESS INC - CL A COMP	—	—	—	—	$510K	0.08%	—	HELD
132	PAA	PLAINS ALL AMER PIPELINE LP COMP	—	—	—	—	$501K	0.08%	—	HELD
133	ADP	AUTOMATIC DATA PROCESSING	—	—	—	—	$482K	0.07%	—	HELD
134	MRSH	MARSH & MCLENNAN COS	—	—	—	—	$475K	0.07%	—	HELD
135	CSX	CSX CORP	—	—	—	—	$472K	0.07%	—	HELD
136	FCX	FREEPORT-MCMORAN INC COMP	—	—	—	—	$471K	0.07%	—	HELD
137	—	VALE SA-SP ADR COMP	—	—	—	—	$438K	0.07%	—	HELD
138	EVRG	EVERGY INC COMP	—	—	—	—	$431K	0.07%	—	HELD
139	NSC	NORFOLK SOUTHERN CORP	—	—	—	—	$401K	0.06%	—	HELD
140	NEM	NEWMONT GOLDCORP CORP COMP	—	—	—	—	$390K	0.06%	—	HELD
141	PBA	PEMBINA PIPELINE CORP COMP	—	—	—	—	$387K	0.06%	—	HELD
142	ET	ENERGY TRANSFER LP COMP	—	—	—	—	$366K	0.06%	—	HELD
143	ZTS	ZOETIS INC	—	—	—	—	$362K	0.05%	—	HELD
144	WEC	WEC ENERGY GROUP INC COMP	—	—	—	—	$351K	0.05%	—	HELD
145	WES	WESTERN MIDSTREAM PARTNERS L COMP	—	—	—	—	$330K	0.05%	—	HELD
146	PYPL	PAYPAL HOLDINGS INC	—	—	—	—	$322K	0.05%	—	HELD
147	HD	HOME DEPOT INC COMP	—	—	—	—	$316K	0.05%	—	HELD
148	SQM	QUIMICA Y MINERA CHIL-SP ADR COMP	—	—	—	—	$308K	0.05%	—	HELD
149	O	REALTY INCOME CORP	—	—	—	—	$307K	0.05%	—	HELD
150	CNI	CANADIAN NATL RAILWAY CO COMP	—	—	—	—	$304K	0.05%	—	HELD
151	—	FORTINET INC COMP	—	—	—	—	$296K	0.04%	—	HELD
152	ALL	ALLSTATE CORP	—	—	—	—	$292K	0.04%	—	HELD
153	LIN	LINDE PLC COMP	—	—	—	—	$274K	0.04%	—	HELD
154	UEC	URANIUM ENERGY CORP COMP	—	—	—	—	$243K	0.04%	—	HELD
155	DNN	DENISON MINES CORP COMP	—	—	—	—	$235K	0.04%	—	HELD
156	CWST	CASELLA WASTE SYSTEMS INC-A COMP	—	—	—	—	$219K	0.03%	—	HELD
157	EQNR	EQUINOR ASA	—	—	—	—	$216K	0.03%	—	HELD
158	GEL	GENESIS ENERGY L.P. COMP	—	—	—	—	$207K	0.03%	—	HELD
159	UUUU	ENERGY FUELS INC COMP	—	—	—	—	$186K	0.03%	—	HELD
160	NVR	NVR INC COMP	—	—	—	—	$162K	0.02%	—	HELD
161	OKTA	OKTA INC COMP	—	—	—	—	$160K	0.02%	—	HELD
162	DLR	DIGITAL REALTY TRUST INC	—	—	—	—	$135K	0.02%	—	HELD
163	EL	ESTEE LAUDER COMPANIES-CL A COMP	—	—	—	—	$122K	0.02%	—	HELD
164	MCHP	MICROCHIP TECHNOLOGY INC COMP	—	—	—	—	$120K	0.02%	—	HELD
165	KBH	KB HOME	—	—	—	—	$120K	0.02%	—	HELD
166	EQIX	EQUINIX INC	—	—	—	—	$110K	0.02%	—	HELD
167	WFG	WEST FRASER TIMBER CO LTD	—	—	—	—	$97K	0.01%	—	HELD
168	VOYA	VOYA FINANCIAL INC	—	—	—	—	$94K	0.01%	—	HELD
169	FR	FIRST INDUSTRIAL REALTY TR	—	—	—	—	$88K	0.01%	—	HELD
170	TRNO	TERRENO REALTY CORP	—	—	—	—	$81K	0.01%	—	HELD
171	TOST	TOAST INC-CLASS A COMP	—	—	—	—	$81K	0.01%	—	HELD
172	EGP	EASTGROUP PROPERTIES INC	—	—	—	—	$80K	0.01%	—	HELD
173	AMT	AMERICAN TOWER CORP	—	—	—	—	$73K	0.01%	—	HELD
174	IP	INTERNATIONAL PAPER CO	—	—	—	—	$72K	0.01%	—	HELD
175	LEU	CENTRUS ENERGY CORP-CLASS A COMP	—	—	—	—	$72K	0.01%	—	HELD
176	STAG	STAG INDUSTRIAL INC	—	—	—	—	$71K	0.01%	—	HELD
177	CNC	CENTENE CORP COMP	—	—	—	—	$70K	0.01%	—	HELD
178	HUM	HUMANA INC	—	—	—	—	$68K	0.01%	—	HELD
179	BAH	BOOZ ALLEN HAMILTON HOLDINGS COMP	—	—	—	—	$66K	0.01%	—	HELD
180	AMH	AMERICAN HOMES 4 RENT- A	—	—	—	—	$64K	0.01%	—	HELD
181	TOL	TOLL BROTHERS INC COMP	—	—	—	—	$64K	0.01%	—	HELD
182	NNN	NATIONAL RETAIL PROPERTIES	—	—	—	—	$63K	0.01%	—	HELD
183	ZETA	ZETA GLOBAL HOLDINGS CORP-A COMP	—	—	—	—	$63K	0.01%	—	HELD
184	T86	TRI POINTE GROUP INC	—	—	—	—	$61K	0.01%	—	HELD
185	QTWO	Q2 HOLDINGS INC COMP	—	—	—	—	$58K	0.01%	—	HELD
186	INSW	INTERNATIONAL SEAWAYS INC COMP	—	—	—	—	$58K	0.01%	—	HELD
187	TMHC	TAYLOR MORRISON HOME CORP-A	—	—	—	—	$57K	0.01%	—	HELD
188	INVH	INVITATION HOMES INC	—	—	—	—	$56K	0.01%	—	HELD
189	TNK	TEEKAY TANKERS LTD-CLASS A COMP	—	—	—	—	$52K	0.01%	—	HELD
190	DHT	DHT HOLDINGS INC COMP	—	—	—	—	$49K	0.01%	—	HELD
191	EXR	EXTRA SPACE STORAGE INC COMP	—	—	—	—	$47K	0.01%	—	HELD
192	REXR	REXFORD INDUSTRIAL REALTY IN	—	—	—	—	$45K	0.01%	—	HELD
193	SNPS	SYNOPSYS INC COMP	—	—	—	—	$44K	0.01%	—	HELD
194	LPX	LOUISIANA-PACIFIC CORP	—	—	—	—	$42K	0.01%	—	HELD
195	ALKT	ALKAMI TECHNOLOGY INC COMP	—	—	—	—	$42K	0.01%	—	HELD
196	NTNX	NUTANIX INC - A COMP	—	—	—	—	$41K	0.01%	—	HELD
197	MAA	MID-AMERICA APARTMENT COMM	—	—	—	—	$40K	0.01%	—	HELD
198	CCI	CROWN CASTLE INTL CORP	—	—	—	—	$40K	0.01%	—	HELD
199	PSA	PUBLIC STORAGE COMP	—	—	—	—	$36K	0.01%	—	HELD
200	ELS	EQUITY LIFESTYLE PROPERTIES	—	—	—	—	$35K	0.01%	—	HELD
201	AVB	AVALONBAY COMMUNITIES INC	—	—	—	—	$31K	0.00%	—	HELD
202	STNG	SCORPIO TANKERS INC COMP	—	—	—	—	$30K	0.00%	—	HELD
203	CPT	CAMDEN PROPERTY TRUST	—	—	—	—	$29K	0.00%	—	HELD
204	SBAC	SBA COMMUNICATIONS CORP	—	—	—	—	$29K	0.00%	—	HELD
205	TRMD	TORM PLC	—	—	—	—	$28K	0.00%	—	HELD
206	628	SEMRUSH HOLDINGS INC-A COMP	—	—	—	—	$28K	0.00%	—	HELD
207	UDR	UDR INC	—	—	—	—	$27K	0.00%	—	HELD
208	SUI	SUN COMMUNITIES INC	—	—	—	—	$27K	0.00%	—	HELD
209	EQR	EQUITY RESIDENTIAL	—	—	—	—	$24K	0.00%	—	HELD
210	VERX	VERTEX INC - CLASS A COMP	—	—	—	—	$23K	0.00%	—	HELD
211	ESS	ESSEX PROPERTY TRUST INC	—	—	—	—	$21K	0.00%	—	HELD
212	CUBE	CUBESMART COMP	—	—	—	—	$20K	0.00%	—	HELD
213	MTH	MERITAGE HOMES CORP	—	—	—	—	$19K	0.00%	—	HELD
214	CXM	SPRINKLR INC-A COMP	—	—	—	—	$16K	0.00%	—	HELD
215	NSA	NATIONAL STORAGE AFFILIATES COMP	—	—	—	—	$14K	0.00%	—	HELD
216	IRT	INDEPENDENCE REALTY TRUST IN COMP	—	—	—	—	$13K	0.00%	—	HELD
217	DT	DYNATRACE INC COMP	—	—	—	—	$11K	0.00%	—	HELD
218	LGIH	LGI HOMES INC	—	—	—	—	$10K	0.00%	—	HELD
219	RY	ROYAL BANK OF CANADA COMP	—	—	—	—	$485	0.00%	—	HELD

Source: SEC EDGAR · accession 0001353395-26-000004. 13F discloses long positions only — shorts, foreign equities, and options are excluded.