Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
1
January
31,
2023
(Unaudited)
Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
January
31,
2023
(Unaudited)
Shares
Value
COMMON
STOCKS
—
92.9%
AUSTRALIA
—
1.6%
42,891
ANZ
Group
Holdings
Ltd.
.......
$
763,306
274,429
Atlassian
Corp.
-
Class
A(a)
.......
44,353,215
4,216,438
BHP
Group
Ltd.
...............
147,668,746
69,100
BlueScope
Steel
Ltd.
............
942,282
23,105
Commonwealth
Bank
of
Australia
..
1,803,625
62,329
Computershare
Ltd.
............
1,049,737
509,370
CSL
Ltd.
.....................
107,553,770
276,330
Fortescue
Metals
Group
Ltd.
......
4,364,787
25,660
National
Australia
Bank
Ltd.
......
578,996
697,295
Newcrest
Mining
Ltd.
...........
11,079,399
85,725
Nick
Scali
Ltd.
................
729,134
289,245
Nine
Entertainment
Co.
Holdings
Ltd.
.....................
418,489
6,540
REA
Group
Ltd.
...............
586,453
418,893
Santos
Ltd.
...................
2,138,398
97,935
SmartGroup
Corp.
Ltd.
..........
392,421
791,820
South32
Ltd.
..................
2,540,896
838,155
Tabcorp
Holdings
Ltd.
...........
623,415
116,384
Woodside
Energy
Group
Ltd.
......
3,013,634
43,257
Woolworths
Group
Ltd.
..........
1,105,540
331,706,243
BELGIUM
—
0.0%
7,904
Etablissements
Franz
Colruyt
NV
...
209,011
20,538
Proximus
SADP
...............
210,455
5,513
UCB
SA
.....................
452,643
872,109
BRAZIL
—
0.5%
193,548
Ambev
SA
....................
521,588
166,950
B3
SA
-
Brasil
Bolsa
Balcao
.......
426,559
108,815
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
..............
1,197,194
65,990
Cia
de
Saneamento
de
Minas
Gerais-
COPASA
.................
190,835
1,511,400
Localiza
Rent
a
Car
SA
..........
17,631,958
290,895
MRV
Engenharia
e
Participacoes
SA
.
402,851
3,585,379
NU
Holdings
Ltd.
-
Class
A(a)
.....
16,672,012
442,467
Pagseguro
Digital
Ltd.
-
Class
A(a)
..
4,464,492
135,166
Petroleo
Brasileiro
SA
...........
785,227
396,380
Petroleo
Brasileiro
SA
-
Preference
Shares
...................
2,044,250
3,426,385
Raia
Drogasil
SA
...............
16,840,672
183,590
Suzano
SA
....................
1,679,916
683,315
Vale
SA
......................
12,771,689
1,078,708
XP,
Inc.
-
Class
A(a)
.............
19,222,577
94,851,820
CANADA
—
1.6%
317,615
Agnico
Eagle
Mines
Ltd.
.........
17,936,636
19,917
Alimentation
Couche-Tard,
Inc.
....
909,516
11,534
Bank
of
Nova
Scotia
(The)
........
624,399
1,258,356
Barrick
Gold
Corp.
.............
24,608,187
Shares
Value
CANADA
(continued)
61,705
Cameco
Corp.
.................
$
1,726,562
5,648
Canadian
National
Railway
Co.
....
672,301
136,130
Canadian
Natural
Resources
Ltd.
...
8,355,746
1,639,155
Canadian
Pacific
Railway
Ltd.
.....
129,378,120
14,770
Canfor
Corp.
(a)
...............
279,848
98,880
Cenovus
Energy,
Inc.
............
1,975,296
489
Constellation
Software,
Inc.
.......
863,948
14,743
Dollarama,
Inc.
................
881,666
19,195
Enbridge,
Inc.
.................
785,948
87,860
First
Quantum
Minerals
Ltd.
......
2,038,434
131,815
Franco-Nevada
Corp.
...........
19,335,112
91,970
Frontera
Energy
Corp.(a)
.........
839,139
14,240
Interfor
Corp.(a)
...............
284,789
15,951
Metro,
Inc.
...................
865,793
279,475
Nutrien
Ltd.
..................
23,134,325
50,735
Pason
Systems,
Inc.
.............
601,705
11,623
Rogers
Communications,
Inc.
-
Class
B
.......................
565,099
14,132
Royal
Bank
of
Canada
...........
1,446,179
1,088,350
Shopify,
Inc.
-
Class
A(a)
.........
53,623,005
15,525
Stella-Jones,
Inc.
...............
564,970
114,090
Suncor
Energy,
Inc.
.............
3,959,773
10,742
TC
Energy
Corp.
..............
462,845
75,500
Teck
Resources
Ltd.
-
Class
B
......
3,266,153
11,385
Toronto-Dominion
Bank
(The)
....
787,722
25,505
Tourmaline
Oil
Corp.
...........
1,188,655
22,725
West
Fraser
Timber
Co.
Ltd.
......
1,975,916
322,559
Wheaton
Precious
Metals
Corp.
....
14,749,156
318,686,943
CHILE
—
0.0%
44,432
Antofagasta
Plc
................
954,691
CHINA
—
5.7%
1,300,854
Agricultural
Bank
of
China
Ltd.
-
H
Shares
...................
468,221
15,356,668
Alibaba
Group
Holding
Ltd.(a)
....
211,133,745
12,498,565
ANTA
Sports
Products
Ltd.
.......
189,585,974
262,901
Asymchem
Laboratories
Tianjin
Co.
Ltd.
-
A
Shares
.............
6,248,574
1,172,040
Bank
of
China
Ltd.
-
H
Shares
.....
446,154
432,300
Beijing
United
Information
Technology
Co.
Ltd.
-
A
Shares
6,214,674
2,108,600
Centre
Testing
International
Group
Co.
Ltd.
-
A
Shares(a)(b)
.....
7,425,840
1,056,698
China
Construction
Bank
Corp.
-
H
Shares
...................
683,991
318,552
China
International
Capital
Corp.
Ltd.
-
H
Shares(c)(d)
............
711,845
229,830
China
Life
Insuran
ce
Co.
Ltd.
-
H
Shares
...................
423,065
2,932,583
China
Merchants
Bank
Co.
Ltd.
-
H
Shares
...................
19,021,110
Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
2
January
31,
2023
(Unaudited)
Shares
Value
CHINA
(continued)
3,147,351
China
Petroleum
&
Chemical
Corp.
-
H
Shares
.................
$
1,699,474
990,145
China
Resources
Medical
Holdings
Co.
Ltd.
.................
774,979
245,643
China
Shenhua
Energy
Co.
Ltd.
-
H
Shares
...................
764,593
241,716
CITIC
Securities
Co.
Ltd.
-
H
Shares
553,001
198,586
Contemporary
Amperex
Technology
Co.
Ltd.
-
A
Shares
.........
13,778,910
366,700
Dongguan
Yiheda
Automation
Co.
Ltd.
-
A
Shares
.............
3,509,415
499,400
ENN
Energy
Holdings
Ltd.
.......
7,524,324
2,468,421
Estun
Automation
Co.
Ltd.
-
A
Shares
9,571,424
1,852,803
Foshan
Haitian
Flavouring
&
Food
Co.
Ltd.
-
A
Shares
.........
21,835,538
413,763
Fosun
International
Ltd.
.........
384,157
1,205,200
Fuyao
Glass
Industry
Group
Co.
Ltd.
-
H
Shares(c)(d)
.............
5,931,462
635,600
Glodon
Co.
Ltd.
-
A
Shares
.......
6,167,349
210,300
Guangdong
Kinlong
Hardware
Products
Co.
Ltd.
-
A
Shares
...
3,098,622
749,055
Guangzhou
Kingmed
Diagnostics
Group
Co.
Ltd.
-
A
Shares
....
9,358,220
4,656,000
Haidilao
International
Holding
Ltd.(a)
(c)(d)
...................
12,695,580
1,992,200
Haier
Smart
Home
Co.
Ltd.
-
H
Shares
...................
7,347,476
491,942
Haitong
Securities
Co.
Ltd.
-
H
Shares
339,354
972,135
Hangzhou
Robam
Appliances
Co.
Ltd.
-
A
Shares
................
4,333,814
332,712
Hangzhou
Tigermed
Consulting
Co.
Ltd.
-
A
Shares
.............
5,753,250
1,575,986
Hangzhou
Tigermed
Consulting
Co.
Ltd.
-
H
Shares(c)(d)
........
20,673,284
2,217,716
Huayu
Automotive
Systems
Co.
Ltd.
-
A
Shares
.................
6,002,877
850,885
Industrial
&
Commercial
Bank
of
China
Ltd.
-
H
Shares
.......
455,154
605,858
JD
Health
International,
Inc.(a)(c)(d)
5,031,250
775,073
JD.com,
Inc.
-
A
Shares
..........
23,014,534
1,737,700
Jiangsu
Azure
Corp.
-
A
Shares
.....
3,924,173
545,396
Kanzhun
Ltd.
-
ADR(a)
..........
13,247,669
317,800
KE
Holdings,
Inc.
-
A
Shares(a)
....
1,941,387
124,114
KE
Holdings,
Inc.
-
ADR(a)
......
2,276,251
3,116,000
Kingdee
International
Software
Group
Co.
Ltd.(a)
...............
6,800,705
1,303,400
Kingsoft
Corp.
Ltd.
.............
4,799,173
419,300
Kuaishou
Technology(a)(c)(d)
.....
3,689,343
83,327
Kweichow
Moutai
Co.
Ltd.
-
A
Shares
22,852,200
528,540
Legend
Holdings
Corp.
-
H
Shares(c)
(d)
.....................
619,053
1,642,500
Li
Ning
Co.
Ltd.
...............
16,237,203
Shares
Value
CHINA
(continued)
804,540
LONGi
Green
Energy
Technology
Co.
Ltd.
-
A
Shares
.............
$
5,768,917
1,826,000
Medlive
Technology
Co.
Ltd.(c)(d)
..
2,522,405
1,396,489
Meituan
-
B
Shares(a)(c)(d)
.......
31,219,732
1,071,311
Midea
Group
Co.
Ltd.
-
A
Shares
...
8,794,290
1,350,000
Minth
Group
Ltd.
..............
3,962,254
32,555
NetEase,
Inc.
..................
577,595
103,340
NetEase,
Inc.
-
ADR
............
9,156,957
138,791
New
China
Life
Insurance
Co.
Ltd.
-
H
Shares
.................
372,232
170,422
NIO,
Inc.
-
ADR(a)
.............
2,056,994
500,235
PICC
Property
&
Casualty
Co.
Ltd.
-
H
Shares
.................
470,297
80,026
Pinduoduo,
Inc.
-
ADR(a)
........
7,840,947
4,658,205
Ping
An
Bank
Co.
Ltd.
-
A
Shares
..
10,385,943
3,053,685
Ping
An
Insurance
Group
Co.
of
China
Ltd.
-
H
Shares
.......
23,720,114
910,400
Pop
Mart
International
Group
Ltd.(c)
(d)
.....................
2,952,002
341,794
Proya
Cosmetics
Co.
Ltd.
-
A
Shares
.
8,366,735
357,550
SG
Micro
Corp.
-
A
Shares
.......
9,465,188
2,235,093
Shandong
Sinocera
Functional
Material
Co.
Ltd.
-
A
Shares
...
10,831,798
1,040,152
Shenzhen
Inovance
Technology
Co.
Ltd.
-
A
Shares
.............
11,009,303
1,580,037
Shenzhen
Megmeet
Electrical
Co.
Ltd.
-
A
Shares
................
6,636,957
627,400
Shenzhou
International
Group
Holdings
Ltd.
.............
7,901,236
878,117
Sinocare,
Inc.
-
A
Shares
..........
4,745,662
236,400
Sungrow
Power
Supply
Co.
Ltd.
-
A
Shares
...................
4,578,295
383,265
Sunny
Optical
Technology
Group
Co.
Ltd.
.....................
5,172,981
5,051,187
Tencent
Holdings
Ltd.
...........
246,138,885
221,372
Topchoice
Medical
Corp.
-
A
Shares(a)
5,342,290
3,098,000
Weichai
Power
Co.
Ltd.
-
H
Shares
..
4,678,252
389,000
WuXi
AppTec
Co.
Ltd.
-
H
Shares(c)
(d)
.....................
5,054,680
1,649,500
Wuxi
Biologics
Cayman,
Inc.(a)(c)(d)
13,773,998
392,656
Yifeng
Pharmacy
Chain
Co.
Ltd.
-
A
Shares
...................
3,305,924
1,839,140
Yonyou
Network
Technology
Co.
Ltd.
-
A
Shares
................
6,700,868
183,800
Yunnan
Energy
New
Material
Co.
Ltd.
-
A
Shares
................
4,269,332
2,885,168
Zhejiang
Sanhua
Intelligent
Controls
Co.
Ltd.
-
A
Shares
.........
10,976,117
1,145,170
Zhou
Hei
Ya
International
Holdings
Co.
Ltd.(c)(d)
.............
628,938
Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
3
January
31,
2023
(Unaudited)
Shares
Value
CHINA
(continued)
6,366,000
Zijin
Mining
Group
Co.
Ltd.
-
H
Shares
...................
$
10,529,695
1,179,256,204
CZECH
REPUBLIC
—
0.0%
168,245
Moneta
Money
Bank
AS(c)(d)
.....
621,125
DENMARK
—
0.3%
3,809
Carlsberg
A/S
-
Class
B
..........
540,732
3,487
Coloplast
A/S
-
Class
B
..........
421,001
374,800
DSV
A/S
.....................
62,003,212
23,891
Novo
Nordisk
A/S
-
Class
B
.......
3,306,273
9,561
Novozymes
A/S
-
Class
B
.........
497,522
66,768,740
EGYPT
—
0.0%
441,303
Commercial
International
Bank
Egypt
SAE
....................
725,868
931,590
Egyptian
Financial
Group-Hermes
Holding
Co.(a)
............
586,830
1,312,698
FAEROE
ISLANDS
—
0
.0%
23,560
Bakkafrost
P/F
................
1,461,933
FINLAND
—
0.0%
7,804
Elisa
Oyj
.....................
444,618
31,065
Kesko
Oyj
-
Class
B
.............
723,612
8,272
Kone
Oyj
-
Class
B
.............
451,123
11,595
Neste
Oyj
....................
554,268
146,940
Stora
Enso
Oyj
-
Class
R
.........
2,100,562
141,889
UPM-Kymmene
Oyj
............
5,142,942
9,417,125
FRANCE
—
1.7%
5,887
Air
Liquide
SA
................
937,364
1,216,343
Airbus
SE
....................
152,487,908
21,252
BNP
Paribas
SA
...............
1,459,627
6,425
Capgemini
SE
.................
1,219,372
10,966
Edenred
.....................
597,312
832
Hermes
International
............
1,557,095
3,258
L'Oreal
SA
...................
1,345,266
200,207
LVMH
Moet
Hennessy
Louis
Vuitton
SE
......................
174,775,796
10,081
Sanofi
.......................
987,177
8,942
Schneider
Electric
SE
............
1,450,532
2,206
Teleperformance
...............
613,239
235,314
TotalEnergies
SE
...............
14,547,298
351,977,986
GERMANY
—
0.7%
4,305
adidas
AG
....................
693,175
11,408
BASF
SE
.....................
654,083
2,895
Deutsche
Boerse
AG
............
518,038
15,286
Deutsche
Post
AG
..............
658,164
74,204
Deutsche
Telekom
AG
...........
1,653,175
Shares
Value
GERMANY
(continued)
18,556
Evonik
Industries
AG
...........
$
412,473
8,079
Fresenius
Medical
Care
AG
&
Co.
KGaA
...................
303,404
17,253
Fresenius
SE
&
Co.
KGaA
........
500,007
92,965
K+S
AG
.....................
2,225,251
388,000
Merck
KGaA
..................
80,986,584
15,875
RWE
AG
....................
706,737
12,202
Vonovia
SE
...................
344,681
1,074,715
Zalando
SE(a)(c)(d)
.............
50,119,342
139,775,114
HONG
KONG
—
0.3%
3,242,027
AIA
Group
Ltd.
................
36,659,700
1,302,560
Beijing
Enterprises
Water
Group
Ltd.
332,850
146,319
BOC
Hong
Kong
Holdings
Ltd.
...
511,368
6,880,000
Brilliance
China
Automotive
Holdings
Ltd.(a)
...................
4,086,456
134,918
China
Mengniu
Dairy
Co.
Ltd.
....
650,827
137,815
China
Overseas
Land
&
Investment
Ltd.
.....................
372,138
94,519
China
Resources
Beer
Holdings
Co.
Ltd.
.....................
711,566
110,489
China
Resources
Land
Ltd.
.......
529,525
251,480
China
Water
Affairs
Group
Ltd.
....
218,578
4,044,000
Geely
Automobile
Holdings
Ltd.
...
6,560,582
1,115,838
Guangdong
Investment
Ltd.
......
1,212,268
26,026
Hang
Seng
Bank
Ltd.
...........
433,417
1,028,315
Sino
Biopharmaceutical
Ltd.
......
598,364
74,846
Sun
Hung
Kai
Properties
Ltd.
.....
1,061,438
53,939,077
INDIA
—
3.1%
57,110
Adani
Ports
&
Special
Economic
Zone
Ltd.
.....................
428,976
599,224
Apollo
Hospitals
Enterprise
Ltd.
...
31,270,441
1,581,510
Asian
Paints
Ltd.
...............
52,813,658
11,105
Avenue
Supermarts
Ltd.(a)(c)(d)
...
476,978
522,805
Bajaj
Finance
Ltd.
..............
37,792,756
3,084,267
Bandhan
Bank
Ltd.(a)(c)(d)
.......
9,244,402
386,770
Bank
of
Baroda
................
797,495
490,065
Bharat
Electronics
Ltd.
..........
570,211
66,070
Bharti
Airtel
Ltd.
...............
622,559
570,910
Britannia
Industries
Ltd.
.........
30,172,850
40,340
Central
Depository
Services
India
Ltd.
(d)
.....................
515,888
122,205
DLF
Ltd.
....................
534,040
124,370
Embassy
Office
Parks
REIT
.......
498,585
7,582,520
HDFC
Bank
Ltd.
..............
149,213,718
1,687,609
Housing
Development
Finance
Corp.
Ltd.
.....................
54,328,247
3,737,463
ICICI
Prudential
Life
Insurance
Co.
Ltd.(c)(d)
................
20,711,625
2,616,730
Jubilant
Foodworks
Ltd.
.........
15,645,216
124,540
Mindspace
Business
Parks
REIT(c)(d)
502,764
Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
4
January
31,
2023
(Unaudited)
Shares
Value
INDIA
(continued)
296,520
NTPC
Ltd.
...................
$
621,052
340,120
Oil
&
Natural
Gas
Corp.
Ltd.
.....
606,045
4,268,847
Reliance
Industries
Ltd.
..........
123,145,182
53,760
Tata
Chemicals
Ltd.
.............
641,358
176,975
Tata
Consultancy
Services
Ltd.
.....
7,304,408
64,230
Tata
Consumer
Products
Ltd.
......
573,527
5,085
Tata
Elxsi
Ltd.
.................
414,686
3,119,058
Titan
Co.
Ltd.
.................
90,973,281
50,645
TVS
Motor
Co.
Ltd.
............
643,873
111,770
Wipro
Ltd.
...................
547,306
631,611,127
INDONESIA
—
0.1%
3,361,175
Aneka
Tambang
Tbk
............
520,811
45,719,409
Bank
Central
Asia
Tbk
PT
........
25,946,182
1,810,205
Bank
Rakyat
Indonesia
Persero
Tbk
PT
.....................
555,132
9,425,975
Bumi
Serpong
Damai
Tbk
PT(a)
...
589,127
27,611,252
IRELAND
—
0.5%
6,017
Accenture
Plc
-
Class
A
..........
1,679,044
473,005
Aptiv
Plc(a)
...................
53,492,136
15,075
Experian
Plc
..................
551,285
57,845
Grafton
Group
Plc
-
Units
........
656,596
1,985
ICON
Plc(a)
..................
457,959
4,288
Jazz
Pharmaceuticals
Plc(a)
........
671,758
637,505
Medtronic
Plc
.................
53,352,794
110,861,572
ISRAEL
—
0.0%
4,707
Check
Point
Software
Technologies
Ltd.(a)
...................
598,731
330,295
ICL
Group
Ltd.
................
2,622,423
3,221,154
ITALY
—
0.0%
216,735
Eni
SpA
.....................
3,335,169
45,091
FinecoBank
Banca
Fineco
SpA
.....
809,467
26,246
Prysmian
SpA
.................
1,071,826
5,216,462
JAPAN
—
0.8%
21,549
Aeon
Co.
Ltd.
.................
441,791
13,291
Asahi
Group
Holdings
Ltd.
.......
438,899
28,647
Astellas
Pharma,
Inc.
............
421,688
52,025
Avex,
Inc.
....................
702,639
8,881
Bandai
Namco
Holdings,
Inc.
.....
593,906
16,445
Chugai
Pharmaceutical
Co.
Ltd.
....
426,338
3,559
Daikin
Industries
Ltd.
...........
618,179
18,270
Daiwa
House
Industry
Co.
Ltd.
....
438,755
305
Daiwa
House
REIT
Investment
Corp.
663,599
1,825
Disco
Corp.
..................
548,290
945
Fast
Retailing
Co.
Ltd.
...........
573,955
30,999
Fuji
Electric
Co.
Ltd.
............
1,254,777
Shares
Value
JAPAN
(continued)
9,335
Fujitsu
Ltd.
...................
$
1,329,112
450
Fukuoka
REIT
Corp.
...........
578,703
10,226
Hamamatsu
Photonics
KK
........
546,378
15,738
Hitachi
Ltd.
..................
825,340
6,064
Hoya
Corp.
...................
666,870
91,020
Inpex
Corp.
...................
1,000,187
22,861
ITOCHU
Corp.
...............
738,909
180
Japan
Real
Estate
Investment
Corp.
REIT
...................
771,748
25,210
Japan
Tobacco,
Inc.
.............
514,080
8,538
Kao
Corp.
....................
345,122
19,681
KDDI
Corp.
..................
614,902
196,519
Keyence
Corp.
.................
90,471,244
9,960
Kikkoman
Corp.
...............
526,806
20,336
Kyowa
Kirin
Co.
Ltd.
...........
453,512
8,042
Lawson,
Inc.
..................
321,570
11,998
M3,
Inc.
.....................
328,060
21,569
Mitsubishi
Corp.
...............
722,259
38,900
Mitsubishi
Electric
Corp.
.........
428,707
27,573
Mitsubishi
Estate
Co.
Ltd.
........
354,399
31,568
Mitsui
&
Co.
Ltd.
..............
931,343
26,163
Mitsui
Fudosan
Co.
Ltd.
.........
490,390
9,948
Murata
Manufacturing
Co.
Ltd.
....
568,434
16,487
Nichirei
Corp.
.................
344,998
12,782
Nihon
Kohden
Corp.
...........
335,796
2,324,600
Nihon
M&A
Center
Holdings,
Inc.
.
23,765,331
152
Nippon
Building
Fund,
Inc.
REIT
..
664,295
394
Nippon
Prologis
REIT,
Inc.
.......
894,042
21,926
Nippon
Telegraph
&
Telephone
Corp.
657,463
18,412
Nomura
Research
Institute
Ltd.
....
442,028
2,850
Obic
Co.
Ltd.
.................
456,931
8,302
Omron
Corp.
.................
480,359
26,459
Osaka
Gas
Co.
Ltd.
.............
426,966
12,036
Otsuka
Holdings
Co.
Ltd.
........
386,120
61,622
Panasonic
Holdings
Corp.
........
571,444
29,490
Recruit
Holdings
Co.
Ltd.
........
948,406
13,004
Seven
&
i
Holdings
Co.
Ltd.
......
613,957
17,142
Shimadzu
Corp.
...............
526,792
4,018
Shin-Etsu
Chemical
Co.
Ltd.
......
592,346
1,268
SMC
Corp.
...................
644,031
34,669
SoftBank
Corp.
................
396,686
16,283
Sony
Group
Corp.
..............
1,454,912
49,110
Sumitomo
Metal
Mining
Co.
Ltd.
..
1,994,025
17,710
Sumitomo
Mitsui
Financial
Group,
Inc.
.....................
769,696
17,560
Sumitomo
Realty
&
Development
Co.
Ltd.
.....................
428,062
12,426
Suntory
Beverage
&
Food
Ltd.
.....
419,598
15,005
Terumo
Corp.
.................
436,801
28,911
Tokio
Marine
Holdings,
Inc.
......
605,533
2,924
Tokyo
Electron
Ltd.
.............
1,022,009
23,841
Tokyo
Gas
Co.
Ltd.
.............
499,223
10,537
Toyo
Suisan
Kaisha
Ltd.
..........
435,397
Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
5
January
31,
2023
(Unaudited)
Shares
Value
JAPAN
(continued)
100,530
Toyota
Motor
Corp.
............
$
1,476,356
12,021
Unicharm
Corp.
...............
458,549
11,241
Yamaha
Corp.
.................
437,096
154,236,139
KAZAKHSTAN
—
0.1%
183,572
Kaspi.KZ
JSC
-
GDR(d)
.........
13,494,606
LUXEMBOURG
—
0.0%
175,735
Aroundtown
SA
...............
489,282
MALAYSIA
—
0.0%
1,575,610
IOI
Corp.
Berhad
..............
1,413,823
269,170
Kuala
Lumpur
Kepong
Berhad
.....
1,354,120
151,018
Tenaga
Nasional
Berhad
..........
333,720
3,101,663
MEXICO
—
0.0%
836,409
America
Movil
SAB
de
CV
-
Series
L
873,253
226,503
Grupo
Financiero
Banorte
SAB
de
CV
-
Series
O
................
1,876,449
780,998
Grupo
Mexico
SAB
de
CV
-
Series
B
3,473,545
199,583
Wal-Mart
de
Mexico
SAB
de
CV
...
779,551
7,002,798
NETHERLANDS
—
1.7%
48,667
Adyen
NV(a)(c)(d)
.............
73,579,986
221,771
ASML
Holding
NV
.............
146,734,231
185,078
ASML
Holding
NV
-
New
York
....
122,306,945
6,459
IMCD
NV
...................
1,023,957
159,863
ING
Groep
NV
................
2,314,858
21,168
Koninklijke
Ahold
Delhaize
NV
....
631,801
6,204
NXP
Semiconductors
NV
........
1,143,459
6,149
Wolters
Kluwer
NV
.............
670,382
348,405,619
NORWAY
—
0.1%
34,076
Aker
BP
ASA
..................
1,038,015
93,445
Equinor
ASA
..................
2,847,892
216,800
Mowi
ASA
...................
4,008,994
245,340
Norsk
Hydro
ASA
..............
1,989,180
26,695
Salmar
ASA
...................
1,241,308
29,523
Telenor
ASA
..................
309,065
33,190
TOMRA
Systems
ASA
..........
585,915
72,190
Yara
International
ASA
..........
3,207,497
15,227,866
PHILIPPINES
—
0.0%
857,005
SM
Prime
Holdings,
Inc.
.........
580,689
POLAND
—
0.0%
95,391
Powszechna
Kasa
Oszczednosci
Bank
Polski
SA
.................
711,474
61,936
Powszechny
Zaklad
Ubezpieczen
SA
.
526,455
1,237,929
Shares
Value
PORTUGAL
—
0.0%
25,219
Jeronimo
Martins
SGPS
SA
.......
$
547,523
QATAR
—
0.0%
116,623
Qatar
National
Bank
QPSC
.......
578,099
SINGAPORE
—
0.4%
1,120,421
Sea
Ltd.
-
ADR(a)
..............
72,211,134
769,740
UMS
Holdings
Ltd.
............
778,466
1,412,990
Wilmar
International
Ltd.
........
4,393,019
77,382,619
SOUTH
AFRICA
—
0.1%
98,387
Absa
Group
Ltd.
...............
1,130,694
302,845
AngloGold
Ashanti
Ltd.
..........
6,367,342
627,425
Gold
Fields
Ltd.
...............
7,151,325
160,805
Impala
Platinum
Holdings
Ltd.
....
1,864,668
511,005
Sibanye
Stillwater
Ltd.
...........
1,350,715
79,202
Standard
Bank
Group
Ltd.
........
790,255
79,542
Vodacom
Group
Ltd.
............
559,010
19,214,009
SOUTH
KOREA
—
0.2%
747,754
Coupang,
Inc.(a)
...............
12,629,565
1,410
Dongwha
Enterprise
Co.
Ltd.(a)
...
61,493
3,579
Hyundai
Mobis
Co.
Ltd.
.........
598,434
23,185
Kakaopay
Corp.(a)
.............
1,158,684
20,359
KB
Financial
Group,
Inc.
.........
927,809
30,364
Kia
Corp.
....................
1,654,290
1,653
Korea
Zinc
Co.
Ltd.
............
728,039
1,774
LG
H&H
Co.
Ltd.
.............
1,075,503
2,400
LG
H&H
Co.
Ltd.
-
Preference
Shares
620,978
37,583
NAVER
Corp.
.................
6,243,501
6,251
POSCO
Holdings,
Inc.
..........
1,536,039
67,235
Samsung
Electronics
Co.
Ltd.
.....
3,348,992
21,837
Samsung
Electronics
Co.
Ltd.
-
Preference
Shares
...........
979,916
7,763
Samsung
SDI
Co.
Ltd.
...........
4,350,402
35,913,645
SPAIN
—
0.0%
92,982
Iberdrola
SA
..................
1,090,844
16,739
Industria
de
Diseno
Textil
SA
......
522,605
31,168
Red
Electrica
Corp.
SA
..........
551,639
113,485
Repsol
SA
....................
1,864,200
4,029,288
SWEDEN
—
0.1%
86,304
Atlas
Copco
AB
-
Class
A
.........
1,024,089
46,870
Boliden
AB
...................
2,103,386
137,360
Fastighets
AB
Balder
-
Class
B(a)
...
707,712
131,121
Hexagon
AB
-
Class
B
...........
1,503,106
36,503
Sandvik
AB
...................
754,431
52,815
SkiStar
AB
...................
571,960
142,380
Svenska
Cellulosa
AB
SCA
-
Class
B
.
1,977,138
34,039
Tele2
AB
-
Class
B
..............
293,979
Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
6
January
31,
2023
(Unaudited)
Shares
Value
SWEDEN
(continued)
72,460
Wihlborgs
Fastigheter
AB
........
$
596,572
9,532,373
SWITZERLAND
—
0.5%
12,520
Georg
Fischer
AG
..............
863,224
150
Givaudan
SA
..................
486,335
1,962,230
Glencore
Plc
..................
13,140,835
1,844
Lonza
Group
AG
...............
1,051,894
27,841
Nestle
SA
....................
3,396,854
20,949
Novartis
AG
..................
1,893,980
6,263
Roche
Holding
AG
.............
1,955,123
795
Siegfried
Holding
AG
...........
584,030
259,613
Sika
AG
.....................
73,768,224
2,492
Sonova
Holding
AG
............
623,179
18,664
STMicroelectronics
NV
..........
878,857
1,554
Swisscom
AG
.................
918,190
47,919
UBS
Group
AG
................
1,022,850
1,525
Zurich
Insurance
Group
AG
......
754,156
101,337,731
TAIWAN
—
0.3%
100,685
Chailease
Holding
Co.
Ltd.
.......
758,776
884,710
Chunghwa
Telecom
Co.
Ltd.
......
3,306,265
97,409
Delta
Electronics,
Inc.
...........
944,621
782,865
Elitegroup
Computer
Systems
Co.
Ltd.
(a)
......................
565,037
185,511
Formosa
Chemicals
&
Fibre
Corp.
..
447,137
379,334
Hon
Hai
Precision
Industry
Co.
Ltd.
1,264,978
41,410
MediaTek,
Inc.
................
1,000,506
467,888
Mega
Financial
Holding
Co.
Ltd.
...
499,616
201,438
Pegatron
Corp.
................
434,229
49,470
Poya
International
Co.
Ltd.
.......
859,235
75,408
Realtek
Semiconductor
Corp.
......
809,798
81,660
Sporton
International,
Inc.
........
599,521
279,356
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
.................
4,929,739
501,690
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
-
ADR
............
46,521,714
214,755
Uni-President
Enterprises
Corp.
....
482,466
63,423,638
THAILAND
—
0.2%
16,689,800
CP
ALL
Public
Co.
Ltd.
-
FOR
....
33,712,707
TURKEY
—
0.0%
29,289
BIM
Birlesik
Magazalar
AS
.......
194,213
214,472
Eregli
Demir
ve
Celik
Fabrikalari
TAS
435,311
28,265
Ford
Otomotiv
Sanayi
AS
........
768,778
22,805
Otokar
Otomotiv
Ve
Savunma
Sanayi
AS
......................
1,212,620
2,610,922
UNITED
ARAB
EMIRATES
—
0.1%
507,935
Agthia
Group
PJSC
.............
563,406
483,955
Emaar
Development
PJSC(a)
......
589,292
Shares
Value
UNITED
ARAB
EMIRATES
(continued)
397,305
Emaar
Properties
PJSC
..........
$
603,712
531,085
Fertiglobe
Plc
.................
579,346
219,860
International
Holding
Co.
PJSC(a)
.
23,962,700
26,298,456
UNITED
KINGDOM
—
3.5%
265,829
Anglo
American
Plc
.............
11,465,314
1,380,980
AstraZeneca
Plc
................
180,925,705
9,271
AstraZeneca
Plc
-
ADR
..........
606,045
75,143
Barratt
Developments
Plc
........
427,093
1,904,756
BP
Plc
.......................
11,505,212
26,962
British
American
Tobacco
Plc
......
1,033,557
9,710
Croda
International
Plc
..........
827,649
25,480
Diageo
Plc
...................
1,114,141
4,165,838
Entain
Plc
....................
76,820,996
36,777
GSK
Plc
.....................
645,989
24,111
Hargreaves
Lansdown
Plc
.........
265,443
71,265
Howden
Joinery
Group
Plc
.......
608,089
98,515
HSBC
Holdings
Plc
............
725,893
485,147
ITV
Plc
......................
485,842
169,005
Legal
&
General
Group
Plc
.......
531,849
508,541
Linde
Plc
....................
168,296,559
7,445
LivaNova
Plc(a)
................
418,409
1,054,895
Lloyds
Banking
Group
Plc
........
686,521
1,623,924
London
Stock
Exchange
Group
Plc
.
148,662,112
139,904
Mondi
Plc
....................
2,638,289
8,193
Next
Plc
.....................
670,796
74,815
Pennon
Group
Plc
..............
849,302
41,087
RELX
Plc
....................
1,220,651
202,755
Rio
Tinto
Plc
..................
15,875,973
44,526,500
Rolls-Royce
Holdings
Plc(a)
.......
58,255,576
73,280
Severn
Trent
Plc
...............
2,550,211
712,407
Shell
Plc
.....................
20,914,695
6,151
Spirax-Sarco
Engineering
Plc
......
878,622
18,000
Unilever
Plc
..................
916,184
13,255
Unilever
Plc
..................
672,915
195,920
United
Utilities
Group
Plc
........
2,563,628
714,059,260
UNITED
STATES
—
67.9%
5,485
3M
Co.
......................
631,214
16,000
A.O.
Smith
Corp.
..............
1,083,200
1,080,259
Abbott
Laboratories
.............
119,422,632
1,481,179
AbbVie,
Inc.
..................
218,844,197
17,885
ACI
Worldwide,
Inc.(a)
..........
499,528
5,676
Adobe,
Inc.(a)
.................
2,102,050
809,267
Agilent
Technologies,
Inc.
........
123,073,325
11,640
Agilysys,
Inc.(a)
................
972,638
7,505
Agree
Realty
Corp.
REIT
.........
560,098
490,862
Air
Products
and
Chemicals,
Inc.
...
157,326,180
161,123
Airbnb,
Inc.
-
Class
A(a)
.........
17,902,377
25,530
Alcoa
Corp.
...................
1,333,687
472,973
Alexandria
Real
Estate
Equities,
Inc.
REIT
...................
76,025,680
Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
7
January
31,
2023
(Unaudited)
Shares
Value
UNITED
STATES
(continued)
166,870
Align
Technology,
Inc.(a)
.........
$
45,009,845
33,494
Ally
Financial,
Inc.
.............
1,088,220
596,980
Alphabet,
Inc.
-
Class
A(a)
........
59,005,503
5,096,060
Alphabet,
Inc.
-
Class
C(a)
........
508,943,512
4,283,914
Amazon.com,
Inc.(a)
............
441,800,051
10,422
American
Express
Co.
...........
1,823,120
9,165
American
International
Group,
Inc.
.
579,411
8,170
American
States
Water
Co.
........
769,369
396,562
American
Tower
Corp.
REIT
......
88,587,985
39,730
American
Water
Works
Co.,
Inc.
...
6,217,348
4,632
Ameriprise
Financial,
Inc.
........
1,621,756
902,982
AmerisourceBergen
Corp.
........
152,567,839
1,225,980
AMETEK,
Inc.
................
177,669,022
7,638
Amgen,
Inc.
..................
1,927,831
4,260
Analog
Devices,
Inc.
............
730,462
2,294
ANSYS,
Inc.(a)
................
611,030
2,442
Aon
Plc
-
Class
A
...............
778,217
20,625
APA
Corp.
...................
914,306
5,470,484
Apple,
Inc.
...................
789,336,136
13,534
Applied
Materials,
Inc.
...........
1,508,906
188,885
Archer-Daniels-Midland
Co.
......
15,649,122
672,500
Arthur
J
Gallagher
&
Co.
........
131,621,700
12,315
ASGN,
Inc.(a)
.................
1,120,049
72,378
AT&T,
Inc.
...................
1,474,340
5,041
Autodesk,
Inc.(a)
...............
1,084,622
364,403
Automatic
Data
Processing,
Inc.
....
82,285,841
484
AutoZone,
Inc.(a)
..............
1,180,403
4,018
Avery
Dennison
Corp.
...........
761,170
9,988,271
Bank
of
America
Corp.
..........
354,383,855
29,872
Bank
OZK
...................
1,364,254
606,012
BeiGene
Ltd.(a)
................
11,911,480
654,871
Berkshire
Hathaway,
Inc.
-
Class
B(a)
204,005,414
2,068
Biogen,
Inc.(a)
.................
601,581
10,932
Bio-Techne
Corp.
..............
870,843
9,066
Blackbaud,
Inc.(a)
..............
563,996
1,733,978
Blackstone,
Inc.
................
166,392,529
686,822
Block,
Inc.(a)
.................
56,127,094
613
Booking
Holdings,
Inc.(a)
........
1,492,103
16,277
BorgWarner,
Inc.
...............
769,577
29,905
Boyd
Gaming
Corp.
............
1,863,381
13,729
Bread
Financial
Holdings,
Inc.
.....
563,301
25,907
Bristol-Myers
Squibb
Co.
.........
1,882,144
313,449
Broadcom,
Inc.
................
183,370,799
4,257
Broadridge
Financial
Solutions,
Inc.
.
640,083
6,951
Brown-Forman
Corp.
-
Class
B
....
462,798
50,000
Bunge
Ltd.
...................
4,955,000
300
Cable
One,
Inc.
................
236,964
486,027
Cadence
Design
Systems,
Inc.(a)
...
88,860,316
19,792
California
Water
Service
Group
....
1,210,677
5,280
Capital
One
Financial
Corp.
......
628,320
8,503
Cardinal
Health,
Inc.
............
656,857
21,935
Carriage
Services,
Inc.
...........
711,133
388,979
Caterpillar,
Inc.
................
98,135,512
Shares
Value
UNITED
STATES
(continued)
78,020
CF
Industries
Holdings,
Inc.
......
$
6,608,294
17,759
Charles
Schwab
Corp.
(The)
......
1,374,902
2,303
Charter
Communications,
Inc.
-
Class
A(a)
....................
885,066
15,895
Cheesecake
Factory,
Inc.
(The)
.....
623,879
1,124
Chemed
Corp.
................
567,777
3,646,067
Chevron
Corp.
................
634,488,579
81,537
Chipotle
Mexican
Grill,
Inc.(a)
....
134,240,886
5,753
Cigna
Corp.
..................
1,821,803
51,007
Cisco
Systems,
Inc.
.............
2,482,511
35,769
Citigroup,
Inc.
................
1,867,857
35,653
Citizens
Financial
Group,
Inc.
.....
1,544,488
3,570
Clorox
Co.
(The)
...............
516,543
771,105
Cloudflare,
Inc.
-
Class
A(a)
.......
40,799,166
1,784,966
Coca-Cola
Co.
(The)
............
109,454,115
11,509
Cognizant
Technology
Solutions
Corp.
-
Class
A
.................
768,226
10,237
Colgate-Palmolive
Co.
...........
762,964
1,903,847
Comcast
Corp.
-
Class
A
.........
74,916,379
19,874
Comerica,
Inc.
................
1,456,963
12,362
CommVault
Systems,
Inc.(a)
......
769,287
85,007
ConocoPhillips
................
10,359,803
2,346,395
Corteva,
Inc.
..................
151,225,158
373,845
Costco
Wholesale
Corp.
.........
191,087,133
70,475
Coterra
Energy,
Inc.
.............
1,763,989
4,487
Crown
Castle,
Inc.
REIT
.........
664,570
43,299
CSX
Corp.
...................
1,338,805
2,965
Cummins,
Inc.
................
739,886
14,505
CVS
Health
Corp.
..............
1,279,631
468,505
Danaher
Corp.
................
123,863,352
276,888
Deere
&
Co.
..................
117,079,322
38,130
Devon
Energy
Corp.
............
2,411,341
849,747
Dexcom,
Inc.(a)
...............
90,999,406
9,890
Diamondback
Energy,
Inc.
........
1,445,127
5,908
Digital
Realty
Trust,
Inc.
REIT
....
677,175
2,531
Dollar
General
Corp.
............
591,242
1,365
Domino's
Pizza,
Inc.
............
481,845
560,004
DoorDash,
Inc.
-
Class
A(a)
.......
32,435,432
1,169,910
Duke
Energy
Corp.
.............
119,857,280
29,112
East
West
Bancorp,
Inc.
..........
2,285,874
615,029
Eaton
Corp.
Plc
................
99,763,854
27,655
eBay,
Inc.
....................
1,368,923
589,254
Edwards
Lifesciences
Corp.(a)
.....
45,195,782
5,242
Electronic
Arts,
Inc.
.............
674,541
298,291
Elevance
Health,
Inc.
............
149,142,517
10,079
Eli
Lilly
&
Co.
................
3,468,688
6,133
Encompass
Health
Corp.
.........
383,006
6,658
Enovis
Corp.(a)
................
419,121
1,880
Enphase
Energy,
Inc.(a)
..........
416,194
435,494
Entegris,
Inc.
..................
35,148,721
7,636
Envestnet,
Inc.(a)
..............
496,340
651,125
EOG
Resources,
Inc.
............
86,111,281
17,050
EQT
Corp.
...................
557,024
Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
8
January
31,
2023
(Unaudited)
Shares
Value
UNITED
STATES
(continued)
21,803
Equity
Commonwealth
REIT
.....
$
556,413
7,097
Equity
LifeStyle
Properties,
Inc.
REIT
509,423
50,650
Essential
Utilities,
Inc.
...........
2,366,874
159,660
Estee
Lauder
Cos,
Inc.
(The)
-
Class
A
44,238,593
4,815
Etsy,
Inc.(a)
...................
662,448
5,632
Euronet
Worldwide,
Inc.(a)
.......
634,614
5,910
Extra
Space
Storage,
Inc.
REIT
....
932,775
594,047
Exxon
Mobil
Corp.
.............
68,915,392
3,313
Fair
Isaac
Corp.(a)
..............
2,206,292
12,184
Fastenal
Co.
..................
615,901
1,315,600
Fiserv,
Inc.(a)
.................
140,348,208
3,651
FleetCor
Technologies,
Inc.(a)
.....
762,365
54,944
Flex
Ltd.(a)
...................
1,282,942
43,230
FMC
Corp.
...................
5,755,210
1,339,860
Fortinet,
Inc.(a)
................
70,128,272
1,584,153
Freeport-McMoRan,
Inc.
.........
70,684,907
22,078
Gen
Digital,
Inc.
...............
508,015
6,529
General
Dynamics
Corp.
.........
1,521,649
11,461
General
Mills,
Inc.
..............
898,084
763,274
Genuine
Parts
Co.
..............
128,092,643
13,394
Gilead
Sciences,
Inc.
............
1,124,292
5,588
Goldman
Sachs
Group,
Inc.
(The)
..
2,044,146
9,442
Graco,
Inc.
...................
645,077
4,975
Guidewire
Software,
Inc.(a)
.......
364,369
3,884
HCA
Healthcare,
Inc.
...........
990,692
178,477
Hershey
Co.
(The)
..............
40,085,934
15,875
Hess
Corp.
...................
2,383,790
281,962
Home
Depot,
Inc.
(The)
.........
91,403,622
7,473
Honeywell
International,
Inc.
......
1,557,971
9,725
Hormel
Foods
Corp.
............
440,640
41,675
HP,
Inc.
.....................
1,214,410
1,813
Humana,
Inc.
.................
927,712
2,141
IDEXX
Laboratories,
Inc.(a)
......
1,028,751
363,850
Illinois
Tool
Works,
Inc.
..........
85,883,154
9,402
Integra
LifeSciences
Holdings
Corp.(a)
538,735
51,521
Intel
Corp.
...................
1,455,983
10,313
InterDigital,
Inc.
...............
721,394
14,465
International
Business
Machines
Corp.
1,948,869
5,200
Intuit,
Inc.
...................
2,197,884
284,532
Intuitive
Surgical,
Inc.(a)
.........
69,906,667
327,683
iRhythm
Technologies,
Inc.(a)
.....
32,211,239
2,656
Jack
Henry
&
Associates,
Inc.
.....
478,319
5,795
Jack
in
the
Box,
Inc.
............
440,304
25,020
Johnson
&
Johnson
.............
4,088,768
2,846,138
JPMorgan
Chase
&
Co.
..........
398,345,474
19,349
Kennametal,
Inc.
...............
551,447
5,415
Kimberly-Clark
Corp.
...........
704,004
30,931
Kinder
Morgan,
Inc.
............
566,037
279,332
KLA
Corp.
...................
109,632,223
14,303
Kroger
Co.
(The)
...............
638,343
3,531
L3Harris
Technologies,
Inc.
.......
758,529
174,000
Lam
Research
Corp.
............
87,017,400
3,160
Lancaster
Colony
Corp.
..........
606,436
Shares
Value
UNITED
STATES
(continued)
4,890
Leidos
Holdings,
Inc.
............
$
483,328
12,405
Lennar
Corp.
-
Class
A
..........
1,270,272
16,517
Lincoln
National
Corp.
..........
585,197
138,317
Lockheed
Martin
Corp.
..........
64,076,733
612,694
Lowe's
Cos,
Inc.
...............
127,593,526
8,821
Manhattan
Associates,
Inc.(a)
......
1,149,906
47,545
Marathon
Oil
Corp.
............
1,306,061
5,492
Marriott
Vacations
Worldwide
Corp.
878,940
12,388
Masco
Corp.
..................
659,042
2,202
Masimo
Corp.(a)
...............
374,516
510,187
Mastercard,
Inc.
-
Class
A
........
189,075,302
258,088
McDonald's
Corp.
..............
69,012,731
3,313
McKesson
Corp.
...............
1,254,567
1,109,558
Merck
&
Co.,
Inc.
..............
119,177,625
761,930
Meta
Platforms,
Inc.
-
Class
A(a)
...
113,504,712
1,318,825
MetLife,
Inc.
..................
96,300,602
876
Mettler-Toledo
International,
Inc.(a)
1,342,838
15,148
Microchip
Technology,
Inc.
.......
1,175,788
14,047
Micron
Technology,
Inc.
.........
847,034
3,066,870
Microsoft
Corp.
...............
760,001,055
5,135
Moderna,
Inc.(a)
...............
904,068
6,512
Mohawk
Industries,
Inc.(a)
.......
781,831
2,732
Molina
Healthcare,
Inc.(a)
........
851,920
22,702
Mondelez
International,
Inc.
-
Class
A
1,485,619
2,931
Monolithic
Power
Systems,
Inc.
....
1,250,247
8,226
Monster
Beverage
Corp.(a)
........
856,162
27,262
Morgan
Stanley
................
2,653,410
135,615
Mosaic
Co.
(The)
...............
6,718,367
424,330
Motorola
Solutions,
Inc.
.........
109,057,053
2,353
MSCI,
Inc.
...................
1,250,761
67,180
Navient
Corp.
.................
1,274,405
23,145
NCR
Corp.(a)
.................
634,636
10,452
NetApp,
Inc.
..................
692,236
192,724
Netflix,
Inc.(a)
.................
68,197,315
499,421
Newmont
Corp.
...............
26,434,354
10,119
NextEra
Energy
Partners
LP
.......
741,723
3,316,855
NextEra
Energy,
Inc.
............
247,536,889
644,625
NIKE,
Inc.
-
Class
B
............
82,080,101
6,118
Norfolk
Southern
Corp.
..........
1,503,866
301,950
Northrop
Grumman
Corp.
.......
135,285,678
5,708
Novanta,
Inc.(a)
...............
921,671
928,293
NVIDIA
Corp.
................
181,360,603
65,845
Occidental
Petroleum
Corp.
.......
4,266,098
750,630
Okta,
Inc.(a)
..................
55,253,874
11,590
Omnicell,
Inc.(a)
...............
642,897
31,721
ON
Semiconductor
Corp.(a)
......
2,329,907
2,378,577
Oracle
Corp.
..................
210,408,921
219,820
O'Reilly
Automotive,
Inc.(a)
......
174,174,377
13,850
Ovintiv,
Inc.
..................
681,835
6,458
PACCAR,
Inc.
................
705,924
446,541
Palo
Alto
Networks,
Inc.(a)
.......
70,839,264
6,656
Paychex,
Inc.
..................
771,164
2,705
Paylocity
Holding
Corp.(a)
.......
563,424
Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
9
January
31,
2023
(Unaudited)
Shares
Value
UNITED
STATES
(continued)
2,190
PayPal
Holdings,
Inc.(a)
..........
$
178,463
3,045
Penumbra,
Inc.(a)
..............
762,498
398,593
PepsiCo,
Inc.
..................
68,167,375
52,207
Pfizer,
Inc.
....................
2,305,461
9,641,182
PG&E
Corp.(a)
................
153,294,794
1,421,538
Philip
Morris
International,
Inc.
....
148,181,121
8,165
Phillips
66
....................
818,705
20,968
Pioneer
Natural
Resources
Co.
.....
4,829,979
13,857
Premier,
Inc.
-
Class
A
...........
462,270
493,379
Procter
&
Gamble
Co.
(The)
......
70,247,302
11,639
Progress
Software
Corp.
..........
617,333
8,315
Prologis,
Inc.
REIT
.............
1,074,963
645,195
Prudential
Financial,
Inc.
.........
67,706,763
3,995
Public
Storage
REIT
............
1,215,838
9,977
PVH
Corp.
...................
896,932
11,733
QUALCOMM,
Inc.
............
1,562,953
875,771
Quanta
Services,
Inc.
............
133,283,588
597,354
Quest
Diagnostics,
Inc.
..........
88,695,122
1,136
Regeneron
Pharmaceuticals,
Inc.(a)
.
861,622
218,618
Repligen
Corp.(a)
..............
40,509,915
2,941
ResMed,
Inc.
..................
671,636
17,186
Rollins,
Inc.
..................
625,570
2,063
Roper
Technologies,
Inc.
.........
880,385
470,093
Ross
Stores,
Inc.
...............
55,560,292
37,695
Royal
Gold,
Inc.
...............
4,788,396
213,843
S&P
Global,
Inc.
...............
80,178,294
5,480
Saia,
Inc.(a)
...................
1,494,834
31,373
Schlumberger
Ltd.
..............
1,787,634
5,730
Science
Applications
International
Corp.
...................
594,659
13,365
Scotts
Miracle-Gro
Co.
(The)
......
964,819
8,715
Seagate
Technology
Holdings
Plc
...
590,703
8,945
Shake
Shack,
Inc.
-
Class
A(a)
.....
508,792
701,455
Simon
Property
Group,
Inc.
REIT
..
90,108,909
32,205
Six
Flags
Entertainment
Corp.(a)
...
864,704
8,809
Skyworks
Solutions,
Inc.
.........
966,083
295,463
Snowflake,
Inc.
-
Class
A(a)
.......
46,222,232
15,435
Spectrum
Brands
Holdings,
Inc.
....
1,047,728
12,475
SS&C
Technologies
Holdings,
Inc.
..
752,866
753,346
Starbucks
Corp.
................
82,220,182
15,727
State
Street
Corp.
..............
1,436,347
8,860
Stericycle,
Inc.(a)
...............
476,757
31,990
Synchrony
Financial
............
1,174,993
4,445
Synopsys,
Inc.(a)
...............
1,572,419
6,459
Target
Corp.
..................
1,111,852
952,041
TE
Connectivity
Ltd.
...........
121,052,013
8,522
Teradyne,
Inc.
.................
866,687
633,749
Texas
Instruments,
Inc.
..........
112,306,660
19,247
Textron,
Inc.
..................
1,402,144
237,822
Thermo
Fisher
Scientific,
Inc.
......
135,637,021
12,362
Timken
Co.
(The)
..............
1,018,011
6,322
Tractor
Supply
Co.
.............
1,441,353
17,801
Trimble,
Inc.(a)
................
1,033,526
Shares
Value
UNITED
STATES
(continued)
9,591
TriNet
Group,
Inc.(a)
...........
$
723,641
2,645,124
Truist
Financial
Corp.
...........
130,642,674
1,528
Tyler
Technologies,
Inc.(a)
........
493,193
108,705
Tyson
Foods,
Inc.
-
Class
A
.......
7,147,354
23,166
UFP
Industries,
Inc.
............
2,167,179
2,398
Ulta
Beauty,
Inc.(a)
.............
1,232,476
566,292
Union
Pacific
Corp.
.............
115,631,163
268,363
United
Rentals,
Inc.
(a)
...........
118,334,665
4,555
United
Therapeutics
Corp.(a)
......
1,198,739
424,473
UnitedHealth
Group,
Inc.
........
211,892,677
2,806
Vail
Resorts,
Inc.
...............
736,126
9,470
Valero
Energy
Corp.
............
1,326,084
2,170
VeriSign,
Inc.(a)
...............
473,168
2,939
Verisk
Analytics,
Inc.
............
534,281
3,386,247
Verizon
Communications,
Inc.
.....
140,766,288
34,593
Viatris,
Inc.
...................
420,651
972,578
Visa,
Inc.
-
Class
A
.............
223,897,181
24,752
Vistra
Corp.
..................
570,781
10,194
Walgreens
Boots
Alliance,
Inc.
.....
375,751
554,483
Walmart,
Inc.
.................
79,773,469
504,167
Waste
Management,
Inc.
.........
78,009,760
2,412
Waters
Corp.(a)
................
792,535
2,765
WD-40
Co.
..................
482,603
856,025
WEC
Energy
Group,
Inc.
........
80,457,790
42,233
Wells
Fargo
&
Co.
..............
1,979,461
18,113
WESCO
International,
Inc.(a)
.....
2,699,018
3,081
West
Pharmaceutical
Services,
Inc.
..
818,314
15,286
Westrock
Co.
.................
599,823
8,704
WEX,
Inc.(a)
.................
1,609,979
168,758
Weyerhaeuser
Co.
REIT
.........
5,810,338
1,601
WW
Grainger,
Inc.
.............
943,757
5,609
Yum!
Brands,
Inc.
..............
732,031
2,561
Zebra
Technologies
Corp.
-
Class
A(a)
809,737
356,700
Zoetis,
Inc.
...................
59,030,283
13,946,634,459
URUGUAY
—
0.8%
114,488
Globant
SA(a)
.................
18,567,664
130,075
MercadoLibre,
Inc.(a)
...........
153,708,327
172,275,991
Total
Common
Stocks
(Cost
$14,426,559,146)
19,081,450,686
EXCHANGE-TRADED
FUNDS
—
5.1%
2,686,648
Consumer
Staples
Select
Sector
SPDR
Fund
....................
198,113,424
1,566,720
Energy
Select
Sector
SPDR
Fund
...
140,895,130
7,443,000
Financial
Select
Sector
SPDR
Fund
.
272,116,080
1,150,000
Industrial
Select
Sector
SPDR
Fund
.
117,127,500
3,200,000
iShares
Europe
ETF
.............
158,720,000
1,179,200
SPDR
S&P
Metals
&
Mining
ETF
.
67,355,904
Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
10
January
31,
2023
(Unaudited)
The
following
abbreviations
are
used
in
the
report:
h
Shares
Value
648,753
SPDR
S&P
Oil
&
Gas
Exploration
&
Production
ETF
............
$
91,454,710
Total
Exchange-Traded
Funds
(Cost
$964,873,035)
1,045,782,748
Principal
Amount
U.S.
GOVERNMENT
AGENCIES
—
0.3%
Federal
Home
Loan
Bank
—
0.3%
$
17,000,000
4.23%,
02/08/23(e)
.............
16,985,172
27,000,000
4.30%,
02/15/23(e)
.............
26,952,919
6,000,000
4.33%,
02/22/23(e)
.............
5,983,978
Total
U.S.
Government
Agencies
(Cost
$49,926,026)
49,922,069
U.S.
GOVERNMENT
SECURITIES
—
0.2%
U.S.
Treasury
Bills
—
0.2%
50,000,000
4.43%,
02/23/23(e)
.............
49,864,206
Total
U.S.
Government
Securities
(Cost
$49,865,189)
49,864,206
Shares
INVESTMENT
COMPANY
—
1.7%
353,012,898
Federated
Hermes
Government
Obligations
Fund,
4.19%(f)
...
353,012,898
Total
Investment
Company
(Cost
$353,012,898)
353,012,898
Principal
Amount
Value
CASH
SWEEP
—
0.0%
3,049,931
Citibank
-
US
Dollars
on
Deposit
in
Custody
Account,
0.30
%(f)
...
$
3,049,931
Total
Cash
Sweep
(Cost
$3,049,931)
3,049,931
TOTAL
INVESTMENTS
—
100.2%
(Cost
$15,847,286,225)
$
20,583,082,538
LIABILITIES
IN
EXCESS
OF
OTHER
ASSETS
—
(0.2)%
(35,991,578)
NET
ASSETS
—
100.0%
$
20,547,090,960
(a)
Non-income
producing
security.
(b)
This
security
has
been
determined
to
be
illiquid
in
accordance
with
procedures
adopted
by
the
Fund’s
Board
of
Directors.
(c)
Security
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
The
security
may
be
resold
in
transactions
exempt
from
registration
normally
to
qualified
institutional
buyers.
The
security
has
been
determined
to
be
liquid
in
accordance
with
procedures
adopted
by
the
Fund’s
Board
of
Directors
except
as
indicated
in
(b).
(d)
Security
offered
and
sold
outside
of
the
United
States,
and
thus
is
exempt
from
registration
under
Regulation
S
of
the
Securities
Act
of
1933.
(e)
Zero
coupon
security.
The
rate
represents
the
yield
at
time
of
purchase.
(f)
The
rate
shown
represents
the
current
yield
as
of
January
31,
2023.
Forward
Foreign
Currency
Exchange
Contracts
Outstanding
at
January
31,
2023
:
Currency
Purchased
Currency  Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
CAD
13,625,000
USD
10,000,000
Barclays
Bank
Plc
06/27/23
$
255,168
EUR
13,987,970
USD
15,000,000
Barclays
Bank
Plc
06/27/23
335,316
GBP
12,448,133
USD
15,000,000
Barclays
Bank
Plc
06/27/23
392,307
JPY
7,749,300,000
USD
60,000,000
Barclays
Bank
Plc
06/27/23
779,426
Total
Forward
Foreign
Currency
Exchange
Contracts
$
1,762,217
ADR
—
American
Depositary
Receipt
CAD
—
Canadian
Dollar
ETF
—
Exchange-Traded
Fund
EUR
—
Euro
FOR
—
Foreign
Ownership
Restrictions
GBP
—
British
Pound
GDR
—
Global
Depositary
Receipt
JPY
—
Japanese
Yen
REIT
—
Real
Estate
Investment
Trust
Old
Westbury
Funds,
Inc.
Large
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
11
January
31,
2023
(Unaudited)
SPDR
—
Standard
&
Poor's
Depositary
Receipt
USD
—
U.S.
Dollar
Portfolio
Diversification
by
Country
(Unaudited)
Country:
Percentage
of
Net
Assets
Australia
....................................
1.6
%
Belgium
....................................
0.0
*
Brazil
......................................
0.5
Canada
.....................................
1.6
Chile
......................................
0.0
*
China
......................................
5.7
Czech
Republic
...............................
0.0
*
Denmark
...................................
0.3
Egypt
......................................
0.0
*
Faeroe
Islands
................................
0.0
*
Finland
.....................................
0.0
*
France
......................................
1.7
Germany
....................................
0.7
Hong
Kong
..................................
0.3
India
.......................................
3.1
Indonesia
...................................
0.1
Ireland
.....................................
0.5
Israel
.......................................
0.0
*
Italy
.......................................
0.0
*
Japan
......................................
0.8
Kazakhstan
..................................
0.1
Luxembourg
.................................
0.0
*
Malaysia
....................................
0.0
*
Mexico
.....................................
0.0
*
Netherlands
..................................
1.7
Norway
.....................................
0.1
Philippines
..................................
0.0
*
Poland
.....................................
0.0
*
Portugal
....................................
0.0
*
Qatar
......................................
0.0
*
Singapore
...................................
0.4
South
Africa
.................................
0.1
South
Korea
.................................
0.2
Spain
......................................
0.0
*
Sweden
.....................................
0.1
Switzerland
..................................
0.5
Taiwan
.....................................
0.3
Thailand
....................................
0.2
Turkey
.....................................
0.0
*
United
Arab
Emirates
..........................
0.1
United
Kingdom
..............................
3.5
United
States
.................................
67.9
Uruguay
....................................
0.8
Other**
.....................................
7.1
100.0%
*
Represents
less
than
0.01%
of
net
assets.
**
Includes
cash
and
equivalents,
exchange-traded
funds,
U.S.
Government
Agencies,
U.S.
Government
Securities,
investment
company,
pending
trades
and
Fund
share
transactions,
interest
and
dividends
receivable,
prepaids
and
accrued
expenses
payable.