The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
OTIS WORLDWIDE CORP COM 68902V107 8,496,070 85,802 SH SOLE 0 0 85,802
META PLATFORMS INC CL A 30303M102 8,186,217 11,091 SH SOLE 0 0 11,091
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 8,054,467 35,562 SH SOLE 0 0 35,562
CANADIAN PACIFIC KANSAS CITY COM 13646K108 7,932,899 100,074 SH SOLE 0 0 100,074
PHILIP MORRIS INTL INC COM 718172109 7,696,220 42,257 SH SOLE 0 0 42,257
MICROSOFT CORP COM 594918104 7,675,078 15,430 SH SOLE 0 0 15,430
GE AEROSPACE COM NEW 369604301 7,570,097 29,411 SH SOLE 0 0 29,411
FISERV INC COM 337738108 7,421,495 43,046 SH SOLE 0 0 43,046
NETFLIX INC COM 64110L106 7,386,641 5,516 SH SOLE 0 0 5,516
AUTOMATIC DATA PROCESSING IN COM 053015103 7,159,695 23,216 SH SOLE 0 0 23,216
SCHWAB CHARLES CORP COM 808513105 7,067,613 77,462 SH SOLE 0 0 77,462
AMAZON COM INC COM 023135106 7,014,776 31,974 SH SOLE 0 0 31,974
NVIDIA CORPORATION COM 67066G104 6,409,344 40,568 SH SOLE 0 0 40,568
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 6,048,667 12,452 SH SOLE 0 0 12,452
ARCH CAP GROUP LTD ORD G0450A105 6,041,028 66,348 SH SOLE 0 0 66,348
ALPHABET INC CAP STK CL C 02079K107 6,016,577 33,917 SH SOLE 0 0 33,917
SPDR GOLD TR GOLD SHS 78463V107 6,013,614 19,728 SH SOLE 0 0 19,728
CORPAY INC COM SHS 219948106 5,800,545 17,481 SH SOLE 0 0 17,481
PROGRESSIVE CORP COM 743315103 5,792,465 21,706 SH SOLE 0 0 21,706
MASTERCARD INCORPORATED CL A 57636Q104 5,639,333 10,035 SH SOLE 0 0 10,035
UBER TECHNOLOGIES INC COM 90353T100 5,362,977 57,481 SH SOLE 0 0 57,481
MOODYS CORP COM 615369105 5,315,034 10,596 SH SOLE 0 0 10,596
VISA INC COM CL A 92826C839 5,066,763 14,271 SH SOLE 0 0 14,271
TECK RESOURCES LTD CL B 878742204 5,048,352 125,030 SH SOLE 0 0 125,030
GOLAR LNG LTD SHS G9456A100 4,962,614 120,481 SH SOLE 0 0 120,481
S&P GLOBAL INC COM 78409V104 4,787,225 9,079 SH SOLE 0 0 9,079
FLUTTER ENTMT PLC SHS G3643J108 4,544,441 15,903 SH SOLE 0 0 15,903
BANK AMERICA CORP COM 060505104 4,540,373 95,950 SH SOLE 0 0 95,950
APOLLO GLOBAL MGMT INC COM 03769M106 4,480,974 31,585 SH SOLE 0 0 31,585
CORE NATURAL RESOURCES INC COM SHS 218937100 4,437,494 63,629 SH SOLE 0 0 63,629
TRANSDIGM GROUP INC COM 893641100 4,412,061 2,901 SH SOLE 0 0 2,901
SEA LTD SPONSORD ADS 81141R100 4,317,260 26,993 SH SOLE 0 0 26,993
CRH PLC ORD G25508105 4,206,827 45,826 SH SOLE 0 0 45,826
NIKE INC CL B 654106103 4,192,802 59,020 SH SOLE 0 0 59,020
SHIFT4 PMTS INC CL A 82452J109 4,173,324 42,108 SH SOLE 0 0 42,108
APPLE INC COM 037833100 3,969,642 19,348 SH SOLE 0 0 19,348
CVS HEALTH CORP COM 126650100 3,914,363 56,746 SH SOLE 0 0 56,746
EXXON MOBIL CORP COM 30231G102 3,792,340 35,179 SH SOLE 0 0 35,179
THERMO FISHER SCIENTIFIC INC COM 883556102 3,767,962 9,293 SH SOLE 0 0 9,293
TOTALENERGIES SE SPONSORED ADS 89151E109 3,760,860 61,262 SH SOLE 0 0 61,262
ZOETIS INC CL A 98978V103 3,588,721 23,012 SH SOLE 0 0 23,012
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 3,529,714 282,151 SH SOLE 0 0 282,151
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 3,323,689 70,224 SH SOLE 0 0 70,224
INTUIT COM 461202103 3,253,752 4,131 SH SOLE 0 0 4,131
HP INC COM 40434L105 3,202,411 130,924 SH SOLE 0 0 130,924
COUPANG INC CL A 22266T109 3,113,503 103,922 SH SOLE 0 0 103,922
ELI LILLY & CO COM 532457108 3,097,081 3,973 SH SOLE 0 0 3,973
APPLOVIN CORP COM CL A 03831W108 3,019,090 8,624 SH SOLE 0 0 8,624
UBS GROUP AG SHS H42097107 2,982,653 88,192 SH SOLE 0 0 88,192
NU HLDGS LTD ORD SHS CL A G6683N103 2,861,910 208,594 SH SOLE 0 0 208,594
VALE S A SPONSORED ADS 91912E105 2,857,689 294,304 SH SOLE 0 0 294,304
GE VERNOVA INC COM 36828A101 2,810,414 5,311 SH SOLE 0 0 5,311
NOVO-NORDISK A S ADR 670100205 2,741,612 39,722 SH SOLE 0 0 39,722
ASML HOLDING N V N Y REGISTRY SHS N07059210 2,641,381 3,296 SH SOLE 0 0 3,296
ASTRAZENECA PLC SPONSORED ADR 046353108 2,635,454 37,714 SH SOLE 0 0 37,714
NOVARTIS AG SPONSORED ADR 66987V109 2,480,100 20,495 SH SOLE 0 0 20,495
EXPAND ENERGY CORPORATION COM 165167735 2,421,962 20,711 SH SOLE 0 0 20,711
KT CORP SPONSORED ADR 48268K101 2,389,492 114,990 SH SOLE 0 0 114,990
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 2,304,378 20,319 SH SOLE 0 0 20,319
LAM RESEARCH CORP COM NEW 512807306 2,213,512 22,740 SH SOLE 0 0 22,740
EATON CORP PLC SHS G29183103 2,201,656 6,167 SH SOLE 0 0 6,167
HDFC BANK LTD SPONSORED ADS 40415F101 2,130,659 27,790 SH SOLE 0 0 27,790
TALEN ENERGY CORP COM 87422Q109 2,083,949 7,167 SH SOLE 0 0 7,167
VERTIV HOLDINGS CO COM CL A 92537N108 2,014,557 15,688 SH SOLE 0 0 15,688
NEWMONT CORP COM 651639106 2,003,306 34,386 SH SOLE 0 0 34,386
CNH INDL N V SHS N20944109 1,872,189 144,459 SH SOLE 0 0 144,459
MERCADOLIBRE INC COM 58733R102 1,868,745 715 SH SOLE 0 0 715
BRF SA SPONSORED ADR 10552T107 1,857,416 508,881 SH SOLE 0 0 508,881
KONINKLIJKE PHILIPS N V NY REGIS SHS NEW 500472303 1,810,658 75,507 SH SOLE 0 0 75,507
ENBRIDGE INC COM 29250N105 1,715,954 37,863 SH SOLE 0 0 37,863
CHENIERE ENERGY INC COM NEW 16411R208 1,715,438 7,044 SH SOLE 0 0 7,044
ADECOAGRO S A COM L00849106 1,689,129 184,806 SH SOLE 0 0 184,806
ICICI BANK LIMITED ADR 45104G104 1,644,290 48,879 SH SOLE 0 0 48,879
FLUOR CORP NEW COM 343412102 1,621,311 31,623 SH SOLE 0 0 31,623
NEXTERA ENERGY INC COM 65339F101 1,607,623 23,158 SH SOLE 0 0 23,158
BARRICK MNG CORP COM SHS 06849F108 1,515,216 72,830 SH SOLE 0 0 72,830
CONSTELLATION ENERGY CORP COM 21037T109 1,489,056 4,614 SH SOLE 0 0 4,614
FREEPORT-MCMORAN INC CL B 35671D857 1,446,149 33,360 SH SOLE 0 0 33,360
EQT CORP COM 26884L109 1,411,656 24,205 SH SOLE 0 0 24,205
GENPACT LIMITED SHS G3922B107 1,370,603 31,143 SH SOLE 0 0 31,143
ALCOA CORP COM 013872106 1,327,125 44,972 SH SOLE 0 0 44,972
YUM CHINA HLDGS INC COM 98850P109 1,260,062 28,183 SH SOLE 0 0 28,183
VISTRA CORP COM 92840M102 1,213,128 6,259 SH SOLE 0 0 6,259
XP INC CL A G98239109 1,199,819 59,397 SH SOLE 0 0 59,397
FORTIVE CORP COM 34959J108 1,127,896 21,636 SH SOLE 0 0 21,636
ISHARES TR MSCI USA QLT FCT 46432F339 1,111,095 6,078 SH SOLE 0 0 6,078
RIO TINTO PLC SPONSORED ADR 767204100 959,979 16,458 SH SOLE 0 0 16,458
WIX COM LTD SHS M98068105 941,728 5,943 SH SOLE 0 0 5,943
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 876,107 24,840 SH SOLE 0 0 24,840
SENSATA TECHNOLOGIES HLDG PL SHS G8060N102 762,547 25,325 SH SOLE 0 0 25,325
SUNRUN INC COM 86771W105 755,668 92,380 SH SOLE 0 0 92,380
KOSMOS ENERGY LTD COM 500688106 725,630 421,878 SH SOLE 0 0 421,878
CLEVELAND-CLIFFS INC NEW COM 185899101 721,453 94,928 SH SOLE 0 0 94,928
ALBEMARLE CORP COM 012653101 667,875 10,657 SH SOLE 0 0 10,657
CENOVUS ENERGY INC COM 15135U109 663,871 48,836 SH SOLE 0 0 48,836
AES CORP COM 00130H105 581,171 55,244 SH SOLE 0 0 55,244
RALLIANT CORP COM 750940108 349,613 7,210 SH SOLE 0 0 7,210
CIVITAS RESOURCES INC COM NEW 17888H103 322,806 11,730 SH SOLE 0 0 11,730