Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
January
31,
2026
(Unaudited)
Shares
Value
COMMON
STOCKS
—
92.3%
AUSTRALIA
—
3.0%
1,480,924
29Metals
Ltd.(a)
...............
$
489,840
237,400
Actinogen
Medical
Ltd.(a)(b)
......
7,439
604,392
Aeris
Resources
Ltd.(a)
...........
258,834
976,614
AIC
Mines
Ltd.(a)
..............
431,841
22,895
Amplitude
Energy
Ltd.(a)
........
49,901
261,354
Ampol
Ltd.
...................
5,248,703
40,887
Ansell
Ltd.
...................
929,315
46,380
ARB
Corp.
Ltd.
................
833,578
393,703
Aspen
Group
Ltd.
REIT
.........
1,436,573
15,400
ASX
Ltd.
.....................
614,259
3,449,732
Aurelia
Metals
Ltd.(a)
...........
744,688
879,937
Aurizon
Holdings
Ltd.
...........
2,261,026
135,262
Australian
Clinical
Labs
Ltd.(c)
....
257,138
26,483
Autosports
Group
Ltd.
...........
70,631
23,028
Baby
Bunting
Group
Ltd.(a)(c)
....
38,325
414,339
Bega
Cheese
Ltd.
...............
1,762,888
535,193
Bendigo
&
Adelaide
Bank
Ltd.
.....
4,088,318
68,313
Bhagwan
Marine
Ltd.
...........
22,120
256,790
Brambles
Ltd.
.................
4,005,472
769,761
Bravura
Solutions
Ltd.
...........
1,093,487
50,900
Breville
Group
Ltd.
.............
1,141,304
234,139
Capricorn
Metals
Ltd.(a)
.........
2,411,401
56,704
Cedar
Woods
Properties
Ltd.
......
319,440
627,557
Centuria
Industrial
REIT
.........
1,420,248
125,282
Cettire
Ltd.(a)
.................
47,110
565,709
Challenger
Ltd.
................
3,628,109
137,769
Champion
Iron
Ltd.
............
564,100
435,376
Charter
Hall
Social
Infrastructure
REIT
...................
882,237
4,404
Clinuvel
Pharmaceuticals
Ltd.
.....
33,734
5,275
Codan
Ltd.
...................
139,730
14,448
Cogstate
Ltd.
.................
21,631
191,407
Collins
Foods
Ltd.
..............
1,423,497
74,670
Computershare
Ltd.
............
1,700,804
3,779,576
Core
Lithium
Ltd.(a)
............
618,498
3,191,396
Coronado
Global
Resources,
Inc.(c)(d)
900,043
1,377,901
Cromwell
Property
Group
REIT
...
393,396
41,047
Cuscal
Ltd.
...................
121,478
1,318,675
Downer
EDI
Ltd.
..............
7,391,988
3,542,611
Dyno
Nobel
Ltd.
...............
8,658,809
63,300
EBOS
Group
Ltd.
..............
979,883
43,982
Elevra
Lithium
Ltd.(a)
...........
205,200
129,489
Emerald
Resources
NL(a)
.........
671,764
325,800
Evolution
Mining
Ltd.
...........
3,337,270
171,783
Fenix
Resources
Ltd.
............
52,633
51,937
Fleetwood
Ltd.
................
100,904
99,929
Flight
Centre
Travel
Group
Ltd.
....
1,127,286
260,282
Genesis
Minerals
Ltd.(a)
.........
1,375,668
10,437
GenusPlus
Group
Ltd.(c)
.........
54,290
23,065
Global
Lithium
Resources
Ltd.(a)
...
8,031
3,404,393
GPT
Group
(The)
REIT
.........
12,540,734
715,088
GrainCorp
Ltd.
-
Class
A
.........
3,585,251
Shares
Value
AUSTRALIA
(continued)
369,640
Grange
Resources
Ltd.(a)
.........
$
66,924
420,002
Harvey
Norman
Holdings
Ltd.
....
1,895,195
926,847
Helia
Group
Ltd.
...............
3,769,194
62,230
HUB24
Ltd.
..................
4,397,954
491,394
IGO
Ltd.(a)
..................
2,846,956
276,569
Imdex
Ltd.
...................
729,912
317,639
Insurance
Australia
Group
Ltd.
....
1,681,028
14,938
IPD
Group
Ltd.
...............
45,873
129,560
JB
Hi-Fi
Ltd.
..................
7,321,280
159,397
Jumbo
Interactive
Ltd.
...........
1,138,820
275,661
Kelsian
Group
Ltd.
.............
748,630
79,315
Lindsay
Australia
Ltd.
...........
36,729
1,033,952
Macmahon
Holdings
Ltd.
........
471,595
59,007
Mader
Group
Ltd.
..............
337,345
187,600
Magellan
Financial
Group
Ltd.
.....
1,140,446
1,254,550
Medibank
Pvt
Ltd.
.............
4,036,059
24,657
Megaport
Ltd.(a)
...............
198,999
3,847,577
Metals
X
Ltd.(a)
...............
3,496,435
737,603
MGX
Resources
Ltd.(a)
..........
251,679
235,845
Mineral
Resources
Ltd.(a)
........
9,385,783
127,401
Monadelphous
Group
Ltd.
.......
2,762,606
668,934
Nanosonics
Ltd.(a)
.............
1,807,351
57,294
Navigator
Global
Investments
Ltd.
..
126,472
90,633
Netwealth
Group
Ltd.
...........
1,544,989
466,524
New
Hope
Corp.
Ltd.
...........
1,465,137
108,100
Nick
Scali
Ltd.
................
1,848,765
80,619
NRW
Holdings
Ltd.
............
292,484
159,525
Nuix
Ltd.(a)
..................
191,622
30,307
Objective
Corp.
Ltd.
............
320,785
963,768
Orica
Ltd.
....................
17,261,202
19,787
Peet
Ltd.
.....................
27,833
1,299,336
Perenti
Ltd.
...................
2,542,467
5,510,055
Perseus
Mining
Ltd.
.............
22,637,868
1,519
Playside
Studios
Ltd.(a)
..........
275
437,583
PLS
Group
Ltd.(a)
..............
1,307,210
140,400
Qantas
Airways
Ltd.
............
984,519
134,180
QBE
Insurance
Group
Ltd.
.......
1,844,431
7,926
REA
Group
Ltd.
...............
1,047,281
956,808
Regis
Healthcare
Ltd.
............
4,470,694
790,043
Regis
Resources
Ltd.
............
4,434,180
204,444
Renascor
Resources
Ltd.(a)
.......
12,101
9,081,342
Resolute
Mining
Ltd.(a)
..........
8,600,358
75,832
Sandfire
Resources
Ltd.(a)
........
1,048,191
113,643
SEEK
Ltd.
...................
1,659,467
946,872
Service
Stream
Ltd.
.............
1,503,328
13,914
Shape
Australia
Pty
Ltd.
..........
64,723
832,582
Silver
Mines
Ltd.(a)
.............
144,942
18,430
SKS
Technologies
Group
Ltd.
.....
45,303
24,694
Solvar
Ltd.
...................
31,984
6,376,463
South32
Ltd.
..................
20,513,955
297,537
SRG
Global
Ltd.
...............
625,713
832
St.
Barbara
Ltd.(a)
..............
423
129,912
Suncorp
Group
Ltd.
............
1,537,892
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
AUSTRALIA
(continued)
15,818
Symal
Group
Ltd.
..............
$
35,248
5,146,040
Tabcorp
Holdings
Ltd.
...........
3,171,349
93,477
Technology
One
Ltd.
............
1,639,685
1,061,900
Vault
Minerals
Ltd.(a)
...........
4,347,991
1,555,882
Ventia
Services
Group
Pty
Ltd.
.....
6,262,274
338,383
Virgin
Australia
Holdings
Ltd.(a)
...
737,531
125,212
Viva
Energy
Group
Ltd.(c)(d)
.....
156,944
106,444
Vysarn
Ltd.(a)
.................
58,927
18,994
Wagners
Holding
Co.
Ltd.
........
47,351
1,272,913
WEB
Travel
Group
Ltd.(a)
........
4,095,136
2,240,347
West
African
Resources
Ltd.(a)
.....
5,756,642
2,937,928
Whitehaven
Coal
Ltd.
...........
18,064,645
482,109
Wildcat
Resources
Ltd.(a)
........
122,537
223,979
Yancoal
Australia
Ltd.
...........
901,494
272,601,988
AUSTRIA
—
0.9%
72,840
ams-OSRAM
AG(a)
............
758,505
150,603
ANDRITZ
AG
................
13,031,760
94,677
BAWAG
Group
AG(c)(d)
........
15,419,767
3,065
DO
&
CO
AG
................
716,447
157,003
Erste
Group
Bank
AG
...........
20,378,334
353
EVN
AG
.....................
11,904
610
Mayr
Melnhof
Karton
AG
........
69,125
181,070
OMV
AG
....................
10,742,298
6,271
Palfinger
AG
..................
269,087
8,563
Porr
AG
.....................
353,733
22,722
Raiffeisen
Bank
International
AG
...
1,149,523
10,084
UNIQA
Insurance
Group
AG
.....
186,946
19,343
Vienna
Insurance
Group
AG
Wiener
Versicherung
Gruppe
........
1,520,141
425,716
voestalpine
AG
................
20,184,898
84,792,468
BAHAMAS
—
0.1%
551,381
OneSpaWorld
Holdings
Ltd.
......
10,834,637
BELGIUM
—
0.4%
8,583
Ackermans
&
van
Haaren
NV
.....
2,541,430
18,900
Ageas
SA
.....................
1,343,067
2,523
Ascencio
REIT
................
165,382
147,683
Barco
NV
....................
2,037,652
179,077
Bekaert
SA
...................
8,809,160
3,608
Cie
d'Entreprises
CFE
...........
39,089
20,526
Deme
Group
NV
..............
4,092,389
25,354
EVS
Broadcast
Equipment
SA
.....
1,092,440
27,798
Fagron
......................
729,850
9,250
Groupe
Bruxelles
Lambert
NV
.....
876,063
83
Jensen-Group
NV
..............
6,198
11,900
KBC
Ancora
..................
1,094,600
1,494
Montea
NV
REIT
..............
126,443
10,392
Retail
Estates
NV
REIT
..........
796,985
1,277
Sipef
NV
.....................
127,150
19,581
Tessenderlo
Group
SA
...........
637,124
Shares
Value
BELGIUM
(continued)
537,840
Umicore
SA
..................
$
12,814,326
1,722
Wereldhave
Belgium
Comm
VA
REIT
111,040
37,440,388
BERMUDA
—
0.3%
44,500
Assured
Guaranty
Ltd.
...........
3,775,825
236,827
Essent
Group
Ltd.
..............
14,901,155
9,973
Everest
Group
Ltd.
.............
3,303,855
191,224
FLEX
LNG
Ltd.
...............
5,105,681
251,576
SiriusPoint
Ltd.(a)
..............
5,134,666
32,221,182
BRAZIL
—
0.4%
2,129,884
B3
SA
-
Brasil
Bolsa
Balcao
.......
6,548,197
738,178
Hapvida
Participacoes
e
Investimentos
SA(a)(c)(d)
...............
1,829,051
2,156,482
MBRF
Global
Foods
Co.
SA
-
ADR
.
7,547,688
809,910
Pagseguro
Digital
Ltd.
-
Class
A
....
9,111,487
528,100
StoneCo
Ltd.
-
Class
A(a)
........
8,523,534
33,559,957
CANADA
—
1.6%
21,166
AGF
Management
Ltd.
-
Class
B
...
282,130
9,314
Agnico
Eagle
Mines
Ltd.
.........
1,770,457
68,478
Altius
Minerals
Corp.
...........
2,167,519
17,800
Altus
Group
Ltd.
...............
603,944
35,802
ARC
Resources
Ltd.
............
664,427
2,500
Boardwalk
Real
Estate
Investment
Trust
REIT
...............
126,409
1,600
Boston
Pizza
Royalties
Income
Fund
-
Units
....................
27,496
4,100
BRP,
Inc.
.....................
309,446
43,700
Canada
Goose
Holdings,
Inc.(a)
....
530,183
22,500
Canadian
Apartment
Properties
REIT
637,168
310,140
Canadian
Solar,
Inc.(a)
..........
5,931,428
11,400
Canadian
Tire
Corp.
Ltd.
-
Class
A
.
1,402,510
8,667
Cascades,
Inc.
.................
81,409
42,485
CCL
Industries,
Inc.
-
Class
B
.....
2,560,364
190,307
Centerra
Gold,
Inc.
.............
3,187,972
144,861
Choice
Properties
Real
Estate
Investment
Trust
REIT
......
1,621,328
65,100
Crombie
Real
Estate
Investment
Trust
REIT
...................
745,830
91,777
Descartes
Systems
Group,
Inc.
(The)(a)
6,861,249
11,900
Descartes
Systems
Group,
Inc.
(The)(a)
888,709
305,194
Dollarama,
Inc.
................
41,128,850
108,200
DPM
Metals,
Inc.
..............
3,775,259
116,300
Dream
Industrial
Real
Estate
Investment
Trust
REIT
......
1,098,387
20,086
DREAM
Unlimited
Corp.
-
Class
A
.
289,271
25,760
Evertz
Technologies
Ltd.
.........
273,558
15,915
Exco
Technologies
Ltd.
..........
81,699
51,400
Finning
International,
Inc.
........
3,223,329
58,380
FirstService
Corp.
..............
9,064,079
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
CANADA
(continued)
3,850
FirstService
Corp.
..............
$
596,479
23,760
Gildan
Activewear,
Inc.
..........
1,543,750
13,600
Granite
Real
Estate
Investment
Trust
REIT
...................
877,435
4,600
Groupe
Dynamite,
Inc.
..........
239,451
3
Hammond
Power
Solutions,
Inc.
...
396
225,000
Hudbay
Minerals,
Inc.
...........
5,329,013
7,400
iA
Financial
Corp,
Inc.
..........
909,260
21,200
IGM
Financial,
Inc.
.............
1,025,397
54,308
Killam
Apartment
Real
Estate
Investment
Trust
REIT
......
699,565
155,200
Kinross
Gold
Corp.
.............
4,887,435
246,614
Knight
Therapeutics,
Inc.(a)
.......
1,050,462
121,360
Labrador
Iron
Ore
Royalty
Corp.
...
2,631,034
1,015
Lululemon
Athletica,
Inc.(a)
......
177,117
22,000
Lundin
Gold,
Inc.
..............
1,649,293
36,800
Maple
Leaf
Foods,
Inc.
..........
681,867
208,653
Martinrea
International,
Inc.
......
1,487,916
845
Morguard
Corp.
...............
73,227
37,766
Morguard
North
American
Residential
Real
Estate
Investment
Trust
REIT
...................
506,450
33,702
North
West
Co.,
Inc.
(The)
.......
1,203,139
79,600
OceanaGold
Corp.
.............
2,579,188
9,900
Onex
Corp.
...................
843,534
52,200
Open
Text
Corp.
...............
1,333,321
55,100
OR
Royalties,
Inc.
..............
2,172,599
81,500
Orla
Mining
Ltd.
..............
1,229,398
115,590
Pason
Systems,
Inc.
.............
1,024,618
43,300
Power
Corp.
of
Canada
..........
2,183,682
42,149
Quebecor,
Inc.
-
Class
B
.........
1,537,503
75,126
RioCan
Real
Estate
Investment
Trust
REIT
...................
1,076,421
44,200
Russel
Metals,
Inc.
..............
1,566,225
85,520
Secure
Waste
Infrastructure
Corp.
..
1,103,504
36,500
SmartCentres
Real
Estate
Investment
Trust
REIT
...............
715,444
19,649
Stella-Jones,
Inc.
...............
1,317,485
25,124
TFI
International,
Inc.
...........
2,699,956
18,265
TMX
Group
Ltd.
..............
674,315
14,103
Tourmaline
Oil
Corp.
...........
667,424
68,300
TransAlta
Corp.
................
872,779
136,766
Transcontinental,
Inc.
-
Class
A
....
2,320,196
18,200
True
North
Commercial
Real
Estate
Investment
Trust
REIT
......
116,954
9,369
Wajax
Corp.
..................
194,515
15,978
Westshore
Terminals
Investment
Corp.
340,647
216,633
Whitecap
Resources,
Inc.
.........
1,975,972
16,600
WSP
Global,
Inc.
..............
3,209,061
146,657,837
Shares
Value
CHINA
—
5.8%
8,964,309
Agricultural
Bank
of
China
Ltd.
-
H
Shares
...................
$
6,276,772
178,900
Autohome,
Inc.
-
ADR
..........
3,942,956
9,807,890
BAIC
Foton
Motor
Co.
Ltd.
-
A
Shares(a)
.................
4,156,751
74,563
Baidu,
Inc.
-
ADR(a)
............
11,421,560
2,851,957
Baowu
Magnesium
Technology
Co.
Ltd.
-
A
Shares
.............
7,661,980
355,600
Changchun
High-Tech
Industry
Group
Co.
Ltd.
-
A
Shares
....
4,899,331
7,708,044
China
Construction
Bank
Corp.
-
H
Shares
...................
7,804,640
1,133,460
China
National
Medicines
Corp.
Ltd.
-
A
Shares
.................
4,733,776
6,243,000
China
Railway
Group
Ltd.
-
H
Shares
3,604,144
6,812,644
China
Railway
Tielong
Container
Logistics
Co.
Ltd.
-
A
Shares
...
6,440,180
4,616,046
China
Tower
Corp.
Ltd.
-
H
Shares(c)
(d)
.....................
6,653,356
3,425,671
CITIC
Metal
Co.
Ltd.
-
A
Shares
...
7,352,799
953,000
CNGR
Advanced
Material
Co.
Ltd.
-
A
Shares
.................
7,498,805
268,743
Daqo
New
Energy
Corp.
-
ADR(a)
.
6,643,327
5,097,400
Dongfang
Electric
Corp.
Ltd.
-
H
Shares
...................
16,612,665
8,855,877
Dongfeng
Motor
Group
Co.
Ltd.
-
H
Shares(a)
.................
10,247,837
3,584,000
FAW
Jiefang
Group
Co.
Ltd.
-
A
Shares
...................
3,563,121
1,911,632
Fujian
Star-net
Communication
Co.
Ltd.
-
A
Shares
.............
7,882,113
569,219
Full
Truck
Alliance
Co.
Ltd.
-
ADR
.
5,635,268
6,270,500
Greentown
China
Holdings
Ltd.
...
8,981,822
2,479,501
Guangdong
Fenghua
Advanced
Technology
Holding
Co.
Ltd.
-
A
Shares
...................
7,302,551
4,287,000
Guangxi
Liugong
Machinery
Co.
Ltd.
-
A
Shares
................
7,015,096
1,769,907
Han's
Laser
Technology
Industry
Group
Co.
Ltd.
-
A
Shares
....
12,268,860
3,651,000
Henan
Mingtai
Al
Industrial
Co.
Ltd.
-
A
Shares
.................
8,801,572
9,854,000
Industrial
&
Commercial
Bank
of
China
Ltd.
-
H
Shares
.......
8,186,334
3,599,651
JA
Solar
Technology
Co.
Ltd.
-
A
Shares(a)
.................
5,848,971
1,168,463
JCET
Group
Co.
Ltd.
-
A
Shares
...
8,306,175
4,265,000
JD
Logistics,
Inc.(a)(c)(d)
........
6,109,158
368,940
JD.com,
Inc.
-
ADR
............
10,507,411
1,470,771
Jiangxi
Copper
Co.
Ltd.
-
H
Shares
.
8,935,215
1,162,741
Kuaishou
Technology(c)(d)
.......
11,929,403
1,858,000
Lens
Technology
Co.
Ltd.
-
A
Shares
9,703,012
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
CHINA
(continued)
1,957,290
Lizhong
Sitong
Light
Alloys
Group
Co.
Ltd.
-
A
Shares
.........
$
6,723,435
3,986,127
Longfor
Group
Holdings
Ltd.(c)(d)
.
5,255,579
530,505
Meituan
-
B
Shares(a)(c)(d)
.......
6,600,669
3,766,205
Ming
Yang
Smart
Energy
Group
Ltd.
-
A
Shares
.................
12,553,025
2,593,800
MLS
Co.
Ltd.
-
A
Shares
.........
3,685,439
2,029,734
MLS
Co.
Ltd.
-
A
Shares
.........
2,883,977
7,443,100
ORG
Technology
Co.
Ltd.
-
A
Shares
6,266,253
3,471,200
Oriental
Pearl
Group
Co.
Ltd.
-
A
Shares
...................
5,665,189
3,529,100
Ping
An
Bank
Co.
Ltd.
-
A
Shares
..
5,490,967
1,275,894
Ping
An
Insurance
Group
Co.
of
China
Ltd.
-
H
Shares
.......
11,873,567
6,332,700
Postal
Savings
Bank
of
China
Co.
Ltd.
-
A
Shares
................
4,603,582
3,075,094
Qingdao
Gaoce
Technology
Co.
Ltd.
-
A
Shares
.................
6,286,657
779,435
Raytron
Technology
Co.
Ltd.
-
A
Shares
...................
12,644,662
3,285,200
Riyue
Heavy
Industry
Co.
Ltd.
-
A
Shares
...................
6,565,161
11,725,300
Rizhao
Port
Co.
Ltd.
-
A
Shares
....
5,339,980
2,379,400
Sany
Heavy
Industry
Co.
Ltd.
-
A
Shares
...................
7,493,150
12,362,350
Shandong
Nanshan
Aluminum
Co.
Ltd.
-
A
Shares
.............
13,036,276
8,588,200
Shanghai
Baosteel
Packaging
Co.
Ltd.
-
A
Shares
.................
7,477,066
2,231,300
Shanghai
Mechanical
and
Electrical
Industry
Co.
Ltd.
-
A
Shares
...
8,703,306
281,151
Shanghai
United
Imaging
Healthcare
Co.
Ltd.
-
A
Shares
.........
5,222,694
1,898,033
Shenzhen
Click
Technology
Co.
Ltd.
-
A
Shares
.................
6,511,702
3,427,900
Shenzhen
Laibao
Hi-tech
Co.
Ltd.
-
A
Shares
...................
5,845,684
1,409,565
Sichuan
Kelun
Pharmaceutical
Co.
Ltd.
-
A
Shares
.............
6,267,613
693,847
Silergy
Corp.
..................
6,184,432
7,317,500
Sinopec
Engineering
Group
Co.
Ltd.
-
H
Shares
.................
6,968,958
1,686,400
Sinopharm
Group
Co.
Ltd.
-
H
Shares
4,507,371
2,455,840
Tasly
Pharmaceutical
Group
Co.
Ltd.
-
A
Shares
.................
5,327,623
8,017,228
Tianjin
Port
Co.
Ltd.
-
A
Shares
....
5,563,240
3,228,633
Tianshan
Aluminum
Group
Co.
Ltd.
-
A
Shares
.................
8,743,523
1,986,437
Triangle
Tyre
Co.
Ltd.
-
A
Shares
...
4,409,199
2,437,808
Trina
Solar
Co.
Ltd.
-
A
Shares(a)
...
6,566,852
494,441
Weibo
Corp.
-
ADR
............
5,231,186
5,717,760
Wuxi
Taiji
Industry
Ltd.
Co.
-
A
Shares
...................
9,216,695
Shares
Value
CHINA
(continued)
15,607,954
Xinyi
Solar
Holdings
Ltd.
........
$
6,752,971
11,644,135
Xinyu
Iron
&
Steel
Co.
Ltd.
-
A
Shares
6,775,147
1,875,474
Xuji
Electric
Co.
Ltd.
-
A
Shares
....
8,037,496
359,800
Yangzijiang
Shipbuilding
Holdings
Ltd.
.....................
944,684
2,759,700
Yifan
Pharmaceutical
Co.
Ltd.
-
A
Shares
...................
4,821,164
3,892,900
Yunnan
Copper
Co.
Ltd.
-
A
Shares
.
14,832,119
9,138,557
Zoomlion
Heavy
Industry
Science
and
Technology
Co.
Ltd.
-
H
Shares
10,259,104
338,947
ZTO
Express
Cayman,
Inc.
.......
7,532,059
532,596,417
DENMARK
—
0.7%
72,972
ALK-Abello
A/S(a)
.............
2,404,468
267,500
Alm
Brand
A/S
................
740,891
284,485
Bavarian
Nordic
A/S(a)
..........
8,669,537
15,250
Chemometec
A/S
..............
1,475,295
8,934
D/S
Norden
A/S
...............
403,851
65,700
Danske
Bank
A/S
..............
3,352,599
17,500
Demant
A/S(a)
................
612,188
1,150
FLSmidth
&
Co.
A/S
............
98,840
3,519
H
Lundbeck
A/S
...............
23,526
76,151
H
Lundbeck
A/S
-
Class
A
........
445,398
16,400
Invisio
AB
....................
479,618
585,816
ISS
A/S
......................
22,222,579
57,129
Jyske
Bank
A/S
................
8,319,515
15,500
Netcompany
Group
A/S(a)(c)(d)
...
818,256
7,963
Pandora
A/S
..................
643,324
24,413
Per
Aarsleff
Holding
A/S
.........
3,483,503
256,246
ROCKWOOL
A/S
-
Class
B
......
8,685,443
34,751
Royal
Unibrew
A/S
.............
3,259,794
9,601
Scandinavian
Tobacco
Group
A/S(c)
(d)
.....................
149,036
6,676
Schouw
&
Co.
A/S
.............
704,650
5,002
Sparekassen
Sjaelland-Fyn
A/S
.....
296,531
67,288,842
FINLAND
—
0.5%
309
Aspo
Oyj
....................
2,784
23,500
Elisa
Oyj
.....................
1,035,119
1,865
GRK
Infra
Oyj(a)
..............
32,055
82,467
Hiab
Oyj
-
Class
B
.............
4,897,388
88,718
Kalmar
Oyj
-
Class
B
............
4,536,684
33,400
Kemira
Oyj
...................
785,083
30,400
Kesko
Oyj
-
Class
B
.............
768,979
168,711
Konecranes
Oyj
................
19,868,170
10,071
Olvi
Oyj
-
Class
A
..............
399,315
56,821
Oriola
Oyj
-
Class
B
............
78,533
64,697
Orion
Oyj
-
Class
B
.............
5,341,360
23,327
Raisio
Oyj
-
Class
V
.............
75,763
10,758
Sanoma
Oyj
..................
123,057
12,852
Terveystalo
Oyj(c)(d)
............
154,474
29,800
TietoEVRY
Oyj
................
647,125
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
FINLAND
(continued)
3,008
Vaisala
Oyj
-
Class
A
............
$
149,752
38,900
Valmet
Oyj
...................
1,333,966
81,061
Wartsila
Oyj
Abp
...............
3,286,129
125,075
YIT
Oyj(a)
...................
457,523
43,973,259
FRANCE
—
2.1%
23,900
Accor
SA
.....................
1,299,208
32,843
Alten
SA
.....................
3,215,655
14,835
Amundi
SA(c)(d)
...............
1,317,971
1,645
ARGAN
SA
REIT
..............
128,693
1,322
Aubay
.......................
93,865
94,600
BNP
Paribas
SA
...............
10,226,631
45,000
Bouygues
SA
..................
2,432,872
60,600
Bureau
Veritas
SA
..............
1,946,653
5,828
Caisse
Regionale
de
Credit
Agricole
Mutuel
Nord
de
France
......
192,325
99,220
Canal+
SA
....................
430,384
52,800
Capgemini
SE
.................
8,211,346
125,964
Carmila
SA
REIT
..............
2,442,735
83,800
Carrefour
SA
..................
1,374,759
2,128
Cie
des
Alpes
..................
65,583
63,270
Coface
SA
....................
1,156,455
13,772
Covivio
SA
REIT
..............
877,449
2,000
Dassault
Aviation
SA
............
758,150
67,357
Derichebourg
SA
...............
635,539
89,124
Eiffage
SA
....................
13,200,109
383
Electricite
de
Strasbourg
SA
.......
98,970
1,037,821
Elior
Group
SA(a)(c)(d)
..........
3,508,476
12,184
Euroapi
SA(a)
.................
30,589
18,600
FDJ
UNITED(d)
..............
492,541
479,887
Forvia
SE(a)
..................
7,852,754
16,054
Gaztransport
Et
Technigaz
SA
.....
3,453,874
753
GL
Events
SACA
...............
28,741
157,004
Havas
NV
....................
3,247,148
1,525
ID
Logistics
Group
SACA(a)
......
741,140
8,206
Ipsen
SA
.....................
1,338,433
85,840
IPSOS
SA
....................
3,646,736
60,500
JCDecaux
SE
.................
1,195,467
23,447
Kaufman
&
Broad
SA
...........
872,697
41,199
Klepierre
SA
REIT
.............
1,584,215
1,109
Lagardere
SA
..................
24,792
2,659
LISI
SA
......................
168,624
891,930
Louis
Hachette
Group
...........
1,755,034
22,204
Mercialys
SA
REIT
.............
278,987
271,626
Metropole
Television
SA
.........
3,889,420
527
Neurones
....................
25,175
14,043
North
Atlantic
Energies
..........
782,356
229,134
Opmobility
...................
4,391,836
731,365
Orange
SA
...................
13,541,345
11,640
Publicis
Groupe
SA
.............
1,161,747
215,681
Rubis
SCA
...................
8,743,486
14,170
SEB
SA
......................
800,181
Shares
Value
FRANCE
(continued)
62,428
SMCP
SA(a)(c)(d)
..............
$
454,354
90,413
Societe
BIC
SA
................
5,830,105
206,514
Societe
Generale
SA
.............
18,065,603
1,580
Societe
LDC
SADIR
............
176,985
19,367
Sopra
Steria
Group
.............
3,539,919
40,727
SPIE
SA
.....................
2,230,340
292,733
Technip
Energies
NV
............
11,464,585
69,266
Television
Francaise
1
SA
.........
669,562
533,411
Ubisoft
Entertainment
SA(a)
......
2,763,690
741,076
Valeo
SE
.....................
10,383,095
2,520
Vetoquinol
SA
.................
259,577
116,272
Vicat
SACA
...................
10,777,760
3,737
VIEL
&
Cie
SA
................
79,955
77,198
Vinci
SA
.....................
11,086,031
8,550
Viridien(a)
...................
1,288,126
209,100
Vivendi
SE
...................
583,455
22,723
Wendel
SE
...................
2,189,792
195,504,080
GERMANY
—
2.0%
8,434
Atoss
Software
SE
..............
974,731
62,740
Aumovio
SE(a)
................
3,028,276
27,351
Aurubis
AG
...................
5,200,249
32,961
Bilfinger
SE
...................
4,629,833
111,956
Brenntag
SE
..................
6,821,142
511,124
CECONOMY
AG(a)
...........
2,662,758
6,001
Cewe
Stiftung
&
Co.
KGAA
......
718,442
372,421
Commerzbank
AG
.............
15,313,874
144,179
Continental
AG
...............
11,388,948
11,350
CTS
Eventim
AG
&
Co.
KGaA
....
954,542
194,912
Deutsche
Post
AG
..............
10,932,763
726
Deutsche
Rohstoff
AG
...........
45,868
340,490
Deutz
AG
....................
4,370,986
9,333
Draegerwerk
AG
&
Co.
KGaA
-
Preference
Shares
...........
983,489
138,042
Duerr
AG
....................
3,681,632
6,545
Eckert
&
Ziegler
SE
............
116,139
990
Einhell
Germany
AG
-
Preference
Shares
...................
103,268
4,717
Elmos
Semiconductor
SE
.........
645,236
155,772
EuroEyes
International
Eye
Clinic
Ltd.
55,832
99,978
flatexDEGIRO
SE
..............
4,877,827
33,216
Freenet
AG
...................
1,196,139
229,628
Fresenius
SE
&
Co.
KGaA
........
12,850,069
19,907
Friedrich
Vorwerk
Group
SE
......
2,133,147
179,367
FUCHS
SE
-
Preference
Shares
....
7,773,119
10,400
GEA
Group
AG
...............
744,589
16,100
Heidelberg
Materials
AG
.........
4,414,160
243,569
Heidelberger
Druckmaschinen
AG(a)
531,812
94,600
Henkel
AG
&
Co.
KGaA
-
Preference
Shares
...................
8,315,866
201,174
HUGO
BOSS
AG
.............
8,346,156
1,147
Ibu-Tec
Advanced
Materials
AG(a)(c)
25,968
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
GERMANY
(continued)
41,458
Indus
Holding
AG
..............
$
1,579,923
208,388
Infineon
Technologies
AG
........
10,278,199
4,363
JOST
Werke
SE(c)(d)
...........
324,265
16,380
Jungheinrich
AG
-
Preference
Shares
.
706,744
16,737
Koenig
&
Bauer
AG(a)
..........
184,505
32,454
Krones
AG
...................
5,224,138
540
KSB
SE
&
Co.
KGaA
-
Preference
Shares
...................
688,096
18,002
KWS
Saat
SE
&
Co.
KGaA
.......
1,598,266
583
MBB
SE
.....................
150,305
5,245
Nagarro
SE
...................
441,729
276,510
Nordex
SE(a)
.................
11,078,326
99
Paul
Hartmann
AG
.............
25,582
4,130
Pfisterer
Holding
SE(a)
..........
357,861
4,972
ProCredit
Holding
AG
..........
50,213
1,075
Rational
AG
..................
863,942
52,297
Salzgitter
AG
..................
2,814,357
151,031
Schaeffler
AG
.................
1,785,770
49,227
Scout24
SE(c)(d)
...............
4,904,420
40,657
SMA
Solar
Technology
AG(a)
.....
1,778,313
1,220
STO
SE
&
Co.
KGaA
-
Preference
Shares
...................
171,511
24,600
Stroeer
SE
&
Co.
KGaA
.........
984,137
814
Technotrans
SE
................
32,130
802,038
thyssenkrupp
AG
...............
10,733,355
29,578
Tkms
AG&
Co.
KGaA(a)
........
3,465,686
87,500
TUI
AG(a)
...................
935,123
15,534
Wacker
Neuson
SE
.............
356,112
5,146
Washtec
AG
..................
293,401
124
Zeal
Network
SE
...............
7,143
185,650,412
HONG
KONG
—
1.3%
251,740
Alibaba
Group
Holding
Ltd.
-
ADR
.
42,685,034
985,103
Bank
of
East
Asia
Ltd.
(The)
......
1,881,407
66,035
Build
King
Holdings
Ltd.
........
11,834
41,902,036
China
Jinmao
Holdings
Group
Ltd.
.
9,279,262
1,902,500
China
Overseas
Land
&
Investment
Ltd.
.....................
3,419,196
3,361,787
China
Taiping
Insurance
Holdings
Co.
Ltd.
.....................
11,025,074
755,452
Chow
Sang
Sang
Holdings
International
Ltd.
..........
1,417,663
1,412,162
Chow
Tai
Fook
Jewellery
Group
Ltd.
2,603,030
138,900
CK
Asset
Holdings
Ltd.
..........
815,040
98,800
CK
Hutchison
Holdings
Ltd.
......
799,926
816,000
Crystal
International
Group
Ltd.(c)(d)
767,732
114,000
CTF
Services
Ltd.
..............
133,378
570,787
Dah
Sing
Banking
Group
Ltd.
.....
813,938
176,000
Dah
Sing
Financial
Holdings
Ltd.
..
851,602
351,600
DFI
Retail
Group
Holdings
Ltd.
...
1,448,592
86,000
Giordano
International
Ltd.
.......
16,183
133,000
Great
Eagle
Holdings
Ltd.
........
274,952
Shares
Value
HONG
KONG
(continued)
676,000
Hang
Lung
Group
Ltd.
..........
$
1,456,341
206,000
Hang
Lung
Properties
Ltd.
........
248,927
787,300
Hong
Kong
&
China
Gas
Co.
Ltd.
..
742,745
235,000
Hong
Kong
Technology
Venture
Co.
Ltd.
.....................
43,017
2,022,700
Hutchison
Port
Holdings
Trust
-
U
Shares-
Units
..............
465,221
704,000
Hutchison
Telecommunications
Hong
Kong
Holdings
Ltd.
.........
104,535
811,567
Hysan
Development
Co.
Ltd.
.....
2,227,314
431,247
International
Housewares
Retail
Co.
Ltd.
.....................
38,642
427,000
Intron
Technology
Holdings
Ltd.
...
102,759
205,918
Jacobson
Pharma
Corp.
Ltd.(c)
....
32,685
1,224,412
Johnson
Electric
Holdings
Ltd.
....
4,228,650
5,269,676
JS
Global
Lifestyle
Co.
Ltd.(a)(c)(d)
.
1,207,450
968,277
Kerry
Properties
Ltd.
............
2,939,994
503,531
KLN
Logistics
Group
Ltd.
........
455,054
10,867
Langham
Hospitality
Investments
and
Langham
Hospitality
Investments
Ltd.
.....................
689
122,000
LH
GROUP
Ltd.(a)(c)
..........
5,310
1,117,374
Luk
Fook
Holdings
International
Ltd.
4,597,023
730,196
Man
Wah
Holdings
Ltd.
.........
452,394
84,000
Midland
Holdings
Ltd.(a)
........
32,688
45,000
Modern
Dental
Group
Ltd.
.......
33,928
8,061,130
Nine
Dragons
Paper
Holdings
Ltd.(a)
8,461,395
3,163,402
Pacific
Basin
Shipping
Ltd.
.......
1,243,154
156,000
Paradise
Entertainment
Ltd.
.......
12,580
788,208
PC
Partner
Group
Ltd.(b)
........
562,998
4,778,308
PCCW
Ltd.
..................
3,565,947
139,496
Prosperity
REIT
...............
26,249
1,269,477
Shun
Tak
Holdings
Ltd.(a)
........
108,876
1,310,326
Singamas
Container
Holdings
Ltd.
..
107,347
463,399
SITC
International
Holdings
Co.
Ltd.
1,728,530
414,955
SmarTone
Telecommunications
Holdings
Ltd.
.............
259,742
200,000
SOCAM
Development
Ltd.(a)
.....
10,112
323,000
Sun
Hung
Kai
&
Co.
Ltd.
........
177,788
1,098,612
Tai
Hing
Group
Holdings
Ltd.(c)
...
150,474
1,397
Tang
Palace
China
Holdings
Ltd.
...
38
549,000
Texhong
International
Group
Ltd.
..
392,138
1,774,000
Truly
International
Holdings
Ltd.
...
233,896
571,000
TS
Lines
Ltd.
.................
654,902
2,018,000
United
Laboratories
International
Holdings
Ltd.
(The)
.........
3,073,975
200,700
VTech
Holdings
Ltd.
............
1,565,861
123,676
Wai
Kee
Holdings
Ltd.(a)
........
14,248
150,100
Wharf
Real
Estate
Investment
Co.
Ltd.
522,231
1,309,696
Yue
Yuen
Industrial
Holdings
Ltd.
..
2,913,751
123,445,441
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
INDIA
—
0.2%
4,269,512
Bank
of
India
.................
$
7,616,545
198,760
Lupin
Ltd.
...................
4,651,616
645,012
Sun
TV
Network
Ltd.
...........
3,896,892
1,088,678
Zee
Entertainment
Enterprises
Ltd.
.
998,643
17,163,696
INDONESIA
—
0.1%
31,932,000
Perusahaan
Gas
Negara
Tbk
PT
....
4,033,115
10,058,889
Semen
Indonesia
Persero
Tbk
PT
...
1,468,232
39,557,357
Telkom
Indonesia
Persero
Tbk
PT
..
8,484,152
13,985,499
IRELAND
—
0.3%
937,097
AIB
Group
Plc
................
10,496,946
155,135
Alkermes
Plc(a)
................
5,257,525
55,730
Amarin
Corp.
Plc
-
ADR(a)
.......
831,486
27,630
Dole
Plc
.....................
440,146
57,000
Grafton
Group
Plc
-
Units
........
729,418
543,687
Greencore
Group
Plc
............
2,153,747
22,103
Jazz
Pharmaceuticals
Plc(a)
........
3,635,722
23,544,990
ISRAEL
—
1.6%
32
Afcon
Holdings
Ltd.
............
3,322
48,669
Allot
Ltd.(a)
..................
478,416
1,817
Analyst
IMS
Investment
Management
Services
Ltd.
..............
91,857
118,960
B
Communications
Ltd.(a)(b)
.....
0
124,040
Bank
Hapoalim
BM
............
3,076,139
215,598
Bank
Leumi
Le-Israel
BM
........
5,197,890
2,061,727
Bezeq
The
Israeli
Telecommunication
Corp.
Ltd.
................
5,309,879
959
Big
Shopping
Centers
Ltd.
........
231,362
50,627
Brainsway
Ltd.(a)
..............
591,259
17,115
Camtek
Ltd.(a)
................
2,640,425
140,895
Cellcom
Israel
Ltd.
.............
1,681,840
14,994
Cellebrite
DI
Ltd.(a)
............
220,562
28,054
Cognyte
Software
Ltd.(a)
.........
253,328
5,680
Delek
Group
Ltd.
..............
1,598,093
1,016,064
El
Al
Israel
Airlines
.............
5,752,883
52,530
FIBI
Holdings
Ltd.
.............
4,680,782
434,991
First
International
Bank
of
Israel
Ltd.
(The)
....................
37,076,645
95,017
Fiverr
International
Ltd.(a)
........
1,591,535
34,940
Formula
Systems
1985
Ltd.
.......
5,574,123
30,364
Global-e
Online
Ltd.(a)
..........
1,109,804
93,904
Harel
Insurance
Investments
&
Financial
Services
Ltd.
.......
4,323,101
4,240
Hilan
Ltd.
....................
338,691
196,400
ICL
Group
Ltd.
................
1,069,550
376,215
Inmode
Ltd.(a)
................
5,910,338
84,200
Israel
Discount
Bank
Ltd.
-
Class
A
.
995,574
209
Isras
Investment
Co.
Ltd.
.........
66,375
12,084
Ituran
Location
and
Control
Ltd.
...
539,309
Shares
Value
ISRAEL
(continued)
794
M
Yochananof
&
Sons
Ltd.
.......
$
94,625
56,684
Max
Stock
Ltd.
................
512,408
1,395
Menora
Mivtachim
Holdings
Ltd.
..
179,795
45,510
Mivne
Real
Estate
KD
Ltd.
.......
213,187
23,050
Mizrahi
Tefahot
Bank
Ltd.
........
1,810,001
337
Naphtha
Israel
Petroleum
Corp.
Ltd.
(a)
......................
2,914
8,614
Next
Vision
Stabilized
Systems
Ltd.
.
775,070
98,345
Nexxen
International
Ltd.(a)
......
607,772
12,040
Nova
Ltd.(a)
..................
5,981,837
121,152
Oddity
Tech
Ltd.
-
Class
A(a)
......
3,978,632
3,602
One
Software
Technologies
Ltd.
....
103,772
147,436
Partner
Communications
Co.
Ltd.
..
1,796,544
26,617
Perion
Network
Ltd.(a)
..........
234,229
57,130
Playtika
Holding
Corp.
..........
206,810
295,941
Plus500
Ltd.
..................
16,983,639
1,150
Qualitau
Ltd.
.................
250,431
9,466
RADCOM
Ltd.(a)
.............
118,704
11,873
Radware
Ltd.(a)
................
286,733
105,496
Riskified
Ltd.
-
Class
A(a)
........
449,413
178,015
Sella
Capital
Real
Estate
Ltd.
REIT
.
638,055
17,099
SimilarWeb
Ltd.(a)
.............
89,086
8,890
Strauss
Group
Ltd.
.............
335,850
113,890
Tel
Aviv
Stock
Exchange
Ltd.
......
4,398,120
81,474
Tower
Semiconductor
Ltd.(a)
......
10,976,992
36,826
Tower
Semiconductor
Ltd.(a)
......
5,006,525
24,490
ZIM
Integrated
Shipping
Services
Ltd.
539,515
146,973,741
ITALY
—
1.7%
4,993,449
A2A
SpA
.....................
15,040,140
27,234
ACEA
SpA
...................
758,623
101,542
Ascopiave
SpA
.................
405,021
30,247
Avio
SpA(c)
...................
1,242,316
39,856
Azimut
Holding
SpA
............
1,678,091
103,222
Banca
Generali
SpA
.............
6,943,601
363,929
Banca
IFIS
SpA
................
11,837,156
86,700
Banca
Monte
dei
Paschi
di
Siena
SpA
897,592
166,260
BPER
Banca
SpA
...............
2,336,339
20,642
Buzzi
SpA
....................
1,172,506
72,745
Cementir
Holding
NV
..........
1,638,337
32,734
CIR
SpA-Compagnie
Industriali(a)
.
27,083
149,401
Credito
Emiliano
SpA
...........
2,744,933
64,777
Danieli
&
C
Officine
Meccaniche
SpA
3,338,543
3,504
Danieli
&
C
Officine
Meccaniche
SpA
258,346
22,083
Datalogic
SpA
.................
109,023
197,054
De'
Longhi
SpA
...............
8,689,100
7,980
DiaSorin
SpA
.................
682,757
3,681
Digital
Bros
SpA(a)
.............
56,461
27,966
El.En.
SpA
...................
457,463
555,932
Enav
SpA(c)(d)
................
3,209,203
530,652
Eni
SpA
.....................
10,835,298
31,400
ERG
SpA
....................
834,472
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
ITALY
(continued)
27,457
Esprinet
SpA
..................
$
201,786
17,268
Fiera
Milano
SpA
..............
142,462
3,563
Fine
Foods
&
Pharmaceuticals
NTM
42,656
2,499,651
Hera
SpA
....................
12,343,697
142,429
Immobiliare
Grande
Distribuzione
SIIQ
SpA
REIT
............
602,717
40,700
Interpump
Group
SpA
...........
2,358,154
476,033
Iren
SpA
.....................
1,522,389
94,300
Italgas
SpA
...................
1,130,081
902,271
Maire
SpA
....................
15,721,752
416,319
MFE-MediaForEurope
NV
-
Class
A
1,552,500
407,321
Moncler
SpA
..................
23,662,908
5,250
Next
Geosolutions
Europe
SpA(a)
..
81,523
13,307
Orsero
SpA
...................
307,267
109,510
OVS
SpA(c)(d)
................
618,144
510,900
Piaggio
&
C
SpA
...............
1,056,158
173,100
Pirelli
&
C
SpA(c)(d)
............
1,302,098
121,300
Poste
Italiane
SpA(c)(d)
..........
3,191,982
15,400
Recordati
Industria
Chimica
e
Farmaceutica
SpA
..........
845,908
58,426
Rizzoli
Corriere
Della
Sera
Mediagroup
SpA
...........
67,455
825,953
Safilo
Group
SpA(a)
.............
2,085,362
40,800
Sogefi
SpA
....................
155,243
707
SOL
SpA
....................
38,047
51,185
Technogym
SpA(c)(d)
...........
1,066,616
72,912
Technoprobe
SpA(a)
............
1,350,842
2,169,200
Telecom
Italia
SpA(a)
............
1,465,619
1,222,641
Tesmec
SpA(a)
.................
234,780
831,328
TREVI
-
Finanziaria
Industriale
SpA(a)
...................
690,776
267,200
Unipol
Assicurazioni
SpA
.........
5,946,522
154,977,848
JAPAN
—
11.7%
114,800
77
Bank
Ltd.
(The)
.............
6,272,608
4,500
A&A
Material
Corp.
............
41,726
7,700
A&D
HOLON
Holdings
Co.
Ltd.
..
113,390
331,434
ABC-Mart,
Inc.
................
5,303,672
4,400
Abist
Co.
Ltd.
.................
96,097
310
Activia
Properties,
Inc.
REIT
......
289,448
68,640
ADEKA
Corp.
................
2,033,564
17,600
Ad-sol
Nissin
Corp.
.............
200,496
7,900
Advanced
Media,
Inc.
...........
55,028
17,200
Adways,
Inc.
..................
29,230
132,900
AEON
Financial
Service
Co.
Ltd.
...
1,448,280
1,369
AEON
REIT
Investment
Corp.
....
1,183,589
2,100
Aichi
Financial
Group,
Inc.
.......
74,225
32,100
Aida
Engineering
Ltd.
...........
248,279
6,600
Aiphone
Co.
Ltd.
..............
126,746
19,900
Airtrip
Corp.
..................
95,025
61,200
Aisan
Industry
Co.
Ltd.
..........
868,015
52,900
Aisin
Corp.
...................
944,618
Shares
Value
JAPAN
(continued)
48,200
Akatsuki,
Inc.
.................
$
793,263
422,700
Alfresa
Holdings
Corp.
..........
6,798,270
9,782
Alpha
Systems,
Inc.
.............
239,241
432,200
Alps
Alpine
Co.
Ltd.
............
5,625,917
387,400
ALSOK
Co.
Ltd.
...............
2,997,619
148,700
Amada
Co.
Ltd.
................
1,901,988
51,400
Amano
Corp.
.................
1,299,946
63,200
Amvis
Holdings,
Inc.
............
194,795
32,300
ANA
Holdings,
Inc.
............
627,174
86,400
and
ST
HD
Co.
Ltd.
............
1,552,587
20,426
Anest
Iwata
Corp.
..............
218,171
787,145
Anritsu
Corp.
.................
10,897,248
2,900
AOI
Electronics
Co.
Ltd.
.........
49,095
41,800
Aozora
Bank
Ltd.
..............
675,779
4,400
Arcs
Co.
Ltd.
..................
98,798
58,920
ARE
Holdings,
Inc.
.............
1,382,008
30,200
Artiza
Networks,
Inc.
............
115,719
87,940
As
One
Corp.
.................
1,319,157
49,900
Asahi
Group
Holdings
Ltd.
.......
519,926
243,400
Asahi
Intecc
Co.
Ltd.
............
4,041,988
6,188
Asahi
Net,
Inc.
................
28,389
58,120
Asics
Corp.
...................
1,395,165
55,262
ASKUL
Corp.
.................
487,417
418,773
Astellas
Pharma,
Inc.
............
5,801,559
76,300
Atrae,
Inc.
....................
341,664
15,400
Aucnet,
Inc.
..................
204,192
1,300
Aval
Data
Corp.
...............
24,890
41,296
Avant
Group
Corp.
.............
436,815
10,300
Avex,
Inc.
....................
79,599
23,900
Awa
Bank
Ltd.
(The)
............
801,506
11,200
Axell
Corp.
...................
88,436
74,800
Axial
Retailing,
Inc.
.............
561,628
482,200
Azbil
Corp.
...................
4,196,972
38,700
Bandai
Namco
Holdings,
Inc.
.....
1,002,759
35,200
Bando
Chemical
Industries
Ltd.
....
460,357
10,700
Bank
of
Iwate
Ltd.
(The)
.........
421,750
18,100
Bank
of
Nagoya
Ltd.
(The)
........
571,911
11,300
Bank
of
Saga
Ltd.
(The)
..........
335,145
370,200
BIPROGY,
Inc.
................
12,264,250
82,100
BML,
Inc.
....................
2,074,250
338,000
Brother
Industries
Ltd.
...........
6,862,212
24,200
Buffalo,
Inc.
..................
702,106
270,300
Bunka
Shutter
Co.
Ltd.
..........
3,529,829
7,500
Business
Brain
Showa-Ota,
Inc.
....
162,590
16,800
Business
Engineering
Corp.
.......
155,451
1,300
C
Uyemura
&
Co.
Ltd.
..........
150,026
1,700
Canare
Electric
Co.
Ltd.
.........
20,223
27,500
Capcom
Co.
Ltd.
..............
699,406
4,300
Career
Design
Center
Co.
Ltd.
.....
67,990
249,600
Casio
Computer
Co.
Ltd.
........
2,432,132
23,900
CCI
Group,
Inc.
...............
142,850
69,900
Central
Glass
Co.
Ltd.
...........
1,644,068
28,452
Central
Security
Patrols
Co.
Ltd.
...
535,543
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
JAPAN
(continued)
27,200
Chiyoda
Corp.(a)
..............
$
225,319
18,800
Chugin
Financial
Group,
Inc.
.....
338,743
98,900
Citizen
Watch
Co.
Ltd.
..........
871,031
392
Cleanup
Corp.
................
2,214
155,500
COLOPL,
Inc.
................
448,133
1,626
Comforia
Residential
REIT,
Inc.
...
1,174,637
204,500
Computer
Engineering
&
Consulting
Ltd.
.....................
2,909,725
198,900
COMSYS
Holdings
Corp.
........
6,194,740
171,900
Cosmo
Energy
Holdings
Co.
Ltd.
..
5,125,010
20,680
Cosmos
Pharmaceutical
Corp.
.....
928,034
211,920
Credit
Saison
Co.
Ltd.
...........
5,684,156
49,600
Creek
&
River
Co.
Ltd.
..........
487,154
63,800
Cresco
Ltd.
...................
690,109
19,400
CTS
Co.
Ltd.
.................
127,737
12,300
Curves
Holdings
Co.
Ltd.
........
59,211
748,700
CyberAgent,
Inc.
...............
6,775,358
3,200
Cybertrust
Japan
Co.
Ltd.
........
26,053
24,200
Cybozu,
Inc.
..................
372,789
43,000
Dai
Nippon
Printing
Co.
Ltd.
.....
768,949
70,900
Daicel
Corp.
..................
666,806
75,000
Daido
Steel
Co.
Ltd.
............
961,973
26,100
Daifuku
Co.
Ltd.
...............
933,974
4,900
Daihatsu
Infinearth
Mfg
Co.
Ltd.
...
77,445
5,900
Dai-Ichi
Cutter
Kogyo
KK
........
52,458
771,794
Dai-ichi
Life
Holdings,
Inc.
.......
6,744,969
51,100
Daiken
Medical
Co.
Ltd.
.........
154,858
20,800
Daishi
Hokuetsu
Financial
Group,
Inc.
246,896
88,620
Daito
Pharmaceutical
Co.
Ltd.
.....
763,887
30,250
Daito
Trust
Construction
Co.
Ltd.
..
612,779
3,400
Daitron
Co.
Ltd.
...............
55,693
7,752
Daiwa
House
REIT
Investment
Corp.
6,752,194
854,551
Daiwa
Securities
Group,
Inc.
......
8,301,999
58,200
Denka
Co.
Ltd.
................
1,116,728
122,400
Dentsu
Group,
Inc.(a)
...........
2,366,774
142,560
Dentsu
Soken,
Inc.
.............
2,243,966
117,700
Doshisha
Co.
Ltd.
..............
2,456,520
2,600
Doutor
Nichires
Holdings
Co.
Ltd.
.
47,377
44,580
Dowa
Holdings
Co.
Ltd.
.........
2,654,175
91,200
DTS
Corp.
...................
741,339
15,100
Duskin
Co.
Ltd.
...............
414,284
24,400
Ehime
Bank
Ltd.
(The)
..........
267,713
12,800
Elan
Corp.
...................
55,332
121,100
Elecom
Co.
Ltd.
...............
1,287,998
36,900
Electric
Power
Development
Co.
Ltd.
783,016
109,100
en,
Inc.
......................
1,011,621
2,900
Endo
Lighting
Corp.
............
44,598
120,000
ENEOS
Holdings,
Inc.
..........
1,006,849
3,200
Enplas
Corp.
..................
187,335
4,300
eSOL
Co.
Ltd.
................
14,587
201,680
EXEO
Group,
Inc.
.............
3,362,854
7,200
FALCO
HOLDINGS
Co.
Ltd.
....
124,544
12,843
Ferrotec
Corp.
.................
492,110
Shares
Value
JAPAN
(continued)
77,180
Financial
Partners
Group
Co.
Ltd.
..
$
1,011,379
2,000
First
Bank
of
Toyama
Ltd.
(The)
....
28,728
23,400
Food
&
Life
Cos.
Ltd.
...........
1,280,831
6,200
Foster
Electric
Co.
Ltd.
..........
110,852
6,900
Freee
KK(a)
...................
120,870
2,610
Frontier
Real
Estate
Investment
Corp.
REIT
...................
1,536,385
54,300
Fuji
Corp.
....................
1,336,097
68,100
Fujimi,
Inc.
...................
1,201,299
3,030
Fujisash
Co.
Ltd.
...............
18,208
37,300
Fujitec
Co.
Ltd.
................
1,365,369
5,500
Fukuda
Denshi
Co.
Ltd.
.........
301,370
81,253
Fukui
Computer
Holdings,
Inc.
....
1,661,707
50,800
Fukuoka
Financial
Group,
Inc.
.....
1,838,529
1,100
Fukuyama
Transporting
Co.
Ltd.
...
32,625
122,100
FULLCAST
Holdings
Co.
Ltd.
....
1,327,826
19,920
Furukawa
Electric
Co.
Ltd.
.......
1,741,520
36,500
Furuno
Electric
Co.
Ltd.
.........
1,681,604
23,200
Furyu
Corp.
..................
154,257
27,400
Fuso
Chemical
Co.
Ltd.
..........
1,317,240
2,800
Fuso
Pharmaceutical
Industries
Ltd.
.
41,106
163,760
Future
Corp.
..................
2,006,261
17,820
Fuyo
General
Lease
Co.
Ltd.
......
500,079
76,500
Gakken
Holdings
Co.
Ltd.
........
517,547
11,051
Gecoss
Corp.
..................
113,038
997
Global
One
Real
Estate
Investment
Corp.
REIT
...............
879,365
204,300
Glory
Ltd.
....................
5,308,157
3,803
GLP
J-Reit
...................
3,494,356
5,300
GMO
GlobalSign
Holdings
KK
....
76,952
6,700
Goldwin,
Inc.
.................
111,566
4,400
GREE
Holdings,
Inc.
...........
11,515
2,600
Greens
Co.
Ltd.
................
35,465
370,980
GungHo
Online
Entertainment,
Inc.
(a)
......................
6,292,469
108,500
Gunma
Bank
Ltd.
(The)
.........
1,359,755
221,500
Hachijuni
Nagano
Bank
Ltd.
......
2,755,153
165,100
Hakuhodo
DY
Holdings,
Inc.
.....
1,232,169
278,700
Hamamatsu
Photonics
KK
........
3,083,060
68,780
Hanwa
Co.
Ltd.
...............
3,493,220
48,400
Happinet
Corp.
................
864,420
750
Heiwa
Real
Estate
REIT,
Inc.
......
739,532
28,200
Hennge
KK
...................
211,737
63,900
Hirogin
Holdings,
Inc.
..........
721,332
42,900
Hirose
Electric
Co.
Ltd.
..........
4,597,419
103,900
Hisamitsu
Pharmaceutical
Co.,
Inc.
.
4,271,206
92,400
Hitachi
Construction
Machinery
Co.
Ltd.
.....................
3,015,717
13,811
Hito
Communications
Holdings,
Inc.
85,583
73,500
Hokuhoku
Financial
Group,
Inc.
...
2,517,123
159,499
Horiba
Ltd.
...................
18,875,835
15,400
Hoshizaki
Corp.
...............
506,600
11,500
Hosokawa
Micron
Corp.
.........
455,512
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
JAPAN
(continued)
1,700
Human
Technologies,
Inc.
........
$
19,992
13,400
Hyakugo
Bank
Ltd.
(The)
........
121,480
46,800
Hyakujushi
Bank
Ltd.
(The)
.......
2,525,071
61,100
IBJ,
Inc.
.....................
285,444
1,800
Ichiken
Co.
Ltd.
...............
58,038
32,300
Ichikoh
Industries
Ltd.
..........
107,068
210,545
Idemitsu
Kosan
Co.
Ltd.
.........
1,777,443
115,150
IHI
Corp.
....................
2,654,789
6,500
Inforich,
Inc.(a)
................
76,735
671,961
Inpex
Corp.
...................
14,949,352
224,100
Internet
Initiative
Japan,
Inc.
......
3,609,985
17,000
ISB
Corp.
....................
199,263
85,518
Isuzu
Motors
Ltd.
..............
1,373,173
10,900
Itfor,
Inc.
....................
119,593
96,000
Ito
En
Ltd.
...................
1,766,038
100,900
Itoki
Corp.
...................
1,696,445
62,300
Iwatani
Corp.
.................
736,481
602,507
Iyogin
Holdings,
Inc.
............
11,177,291
38,400
Izumi
Co.
Ltd.
................
759,266
98,900
J
Trust
Co.
Ltd.
................
311,858
365,000
JAC
Recruitment
Co.
Ltd.
........
2,332,547
43,500
JAFCO
Group
Co.
Ltd.
..........
686,258
519,582
Japan
Airlines
Co.
Ltd.
..........
9,818,542
21,600
Japan
Airport
Terminal
Co.
Ltd.
....
674,407
185,280
Japan
Aviation
Electronics
Industry
Ltd.
.....................
2,873,301
1,386
Japan
Excellent,
Inc.
REIT
........
1,339,788
181,600
Japan
Lifeline
Co.
Ltd.
...........
1,812,949
1,075
Japan
Logistics
Fund,
Inc.
REIT
...
702,265
9,800
Japan
Material
Co.
Ltd.
..........
112,970
18,000
Japan
Medical
Dynamic
Marketing,
Inc.
.....................
56,526
1,919
Japan
Metropolitan
Fund
Invest
REIT
1,509,061
43,200
Japan
Post
Insurance
Co.
Ltd.
.....
1,332,903
76,100
Japan
System
Techniques
Co.
Ltd.
..
1,193,427
150,764
JBCC
Holdings,
Inc.
............
1,447,631
142,100
Jeol
Ltd.
.....................
5,700,160
113,580
JFE
Holdings,
Inc.
..............
1,530,937
390,500
JGC
Holdings
Corp.
............
5,456,554
3,200
JK
Holdings
Co.
Ltd.
...........
29,610
119,900
JTEKT
Corp.
.................
1,409,654
26,800
Juroku
Financial
Group,
Inc.
......
1,420,005
75,020
Justsystems
Corp.
..............
2,317,108
192,000
JVCKenwood
Corp.
............
1,552,029
260,511
Kaga
Electronics
Co.
Ltd.
........
6,506,042
33,780
Kajima
Corp.
.................
1,375,123
332,000
Kakaku.com,
Inc.
..............
4,526,493
23,800
Kamakura
Shinsho
Ltd.
..........
88,889
12,600
Kamei
Corp.
..................
250,762
88,900
Kamigumi
Co.
Ltd.
.............
3,105,985
3,216
Kanaden
Corp.
................
44,346
100,600
Kanadevia
Corp.
...............
664,340
216,100
Kanamoto
Co.
Ltd.
.............
5,194,443
Shares
Value
JAPAN
(continued)
66,400
Kaneka
Corp.
.................
$
2,008,390
42,600
Kawasaki
Kisen
Kaisha
Ltd.
.......
613,566
1,646
KDX
Realty
Investment
Corp.
REIT
1,779,373
28,400
Keihan
Holdings
Co.
Ltd.
........
630,173
7,000
Keiyo
Bank
Ltd.
(The)
...........
83,814
11,800
Kenko
Mayonnaise
Co.
Ltd.
......
152,723
2,340
Kewpie
Corp.
.................
65,546
64,000
Kikkoman
Corp.
...............
575,032
18,800
Kimura
Unity
Co.
Ltd.
..........
111,031
35,640
Kinden
Corp.
.................
1,574,737
57,200
Kissei
Pharmaceutical
Co.
Ltd.
.....
1,700,181
2,062
Kitagawa
Corp.
................
23,543
1,800
Kita-Nippon
Bank
Ltd.
(The)
......
54,491
23,550
Kitz
Corp.
....................
306,016
45,500
KNT-CT
Holdings
Co.
Ltd.(a)
....
512,448
10,560
Kobayashi
Pharmaceutical
Co.
Ltd.
.
368,945
218,860
Kobe
Steel
Ltd.
................
3,148,693
89,460
Koei
Tecmo
Holdings
Co.
Ltd.
.....
993,390
293,200
Koito
Manufacturing
Co.
Ltd.
.....
4,576,277
83,200
Kokusai
Electric
Corp.
...........
3,440,682
9,500
Kokuyo
Co.
Ltd.
...............
55,535
308,421
Komatsu
Ltd.
.................
11,815,896
8,100
Komeri
Co.
Ltd.
...............
172,719
100,700
Komori
Corp.
.................
1,088,596
11,110
Konami
Group
Corp.
...........
1,613,089
953,800
Konica
Minolta,
Inc.
............
4,137,283
1,700
Kraftia
Corp.
..................
88,548
40,740
K's
Holdings
Corp.
.............
423,432
27,600
Kuraray
Co.
Ltd.
...............
297,026
9,700
Kurashiru,
Inc.(a)
..............
69,071
20,360
Kurita
Water
Industries
Ltd.
.......
1,014,711
8,200
Kuriyama
Holdings
Corp.
........
90,022
88,400
Kyoto
Financial
Group,
Inc.
.......
2,128,889
62,260
Kyowa
Kirin
Co.
Ltd.
...........
1,007,561
120,100
Kyushu
Financial
Group,
Inc.
.....
896,715
25,400
Kyushu
Railway
Co.
............
647,638
38,600
Life
Corp.
....................
637,015
203,400
LIFULL
Co.
Ltd.
..............
230,001
231,400
Lintec
Corp.
..................
7,124,716
146,700
Lion
Corp.
...................
1,570,702
10,700
LITALICO,
Inc.
...............
82,207
172,800
Lixil
Corp.
...................
1,979,116
32,100
M&A
Capital
Partners
Co.
Ltd.
....
652,329
106,080
Mabuchi
Motor
Co.
Ltd.
.........
993,215
264,032
Makita
Corp.
.................
9,129,202
210,700
Marvelous,
Inc.
................
652,141
2,500
Matsuda
Sangyo
Co.
Ltd.
.........
99,832
74,500
Max
Co.
Ltd.
.................
3,148,294
36,200
Maxell
Ltd.
...................
518,112
2,867,220
Mazda
Motor
Corp.
............
21,982,144
656,400
Mebuki
Financial
Group,
Inc.
.....
4,934,876
3,000
MEC
Co.
Ltd.
.................
107,198
10,300
Media
Do
Co.
Ltd.
.............
109,017
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
JAPAN
(continued)
169,500
Medipal
Holdings
Corp.
.........
$
3,065,589
84,600
Meidensha
Corp.
...............
3,301,783
361,180
MEITEC
Group
Holdings,
Inc.
....
8,070,305
113,700
Menicon
Co.
Ltd.
..............
1,189,457
17,300
Mercari,
Inc.(a)
................
383,202
38,080
Milbon
Co.
Ltd.
...............
624,250
305,542
MINEBEA
MITSUMI,
Inc.
......
6,189,417
137,480
Mirait
one
Corp.
...............
3,293,977
324,100
MISUMI
Group,
Inc.
...........
5,344,425
62,906
Mito
Securities
Co.
Ltd.
..........
244,291
121,000
Mitsubishi
Chemical
Group
Corp.
..
797,493
42,900
Mitsubishi
Estate
Co.
Ltd.
........
1,092,181
284,700
Mitsubishi
Logistics
Corp.
........
2,427,382
50,900
Mitsubishi
Materials
Corp.
.......
1,462,931
24,800
Mitsubishi
Research
Institute,
Inc.
..
777,203
53,600
Mitsui
E&S
Co.
Ltd.
............
2,379,375
1,185
Mitsui
Fudosan
Accommodations
Fund,
Inc.
REIT
...........
1,058,965
44,460
Mitsui
Kinzoku
Co.
Ltd.
.........
5,851,966
134,709
Mitsui
OSK
Lines
Ltd.
..........
4,212,050
145,180
Miura
Co.
Ltd.
................
2,979,398
135,300
Mixi,
Inc.
....................
2,375,356
272,611
Mizuno
Corp.
.................
5,628,019
1,272
Mochida
Pharmaceutical
Co.
Ltd.
..
29,753
35,500
MonotaRO
Co.
Ltd.
............
479,764
14,300
Moriroku
Co.
Ltd.
..............
224,350
6,500
Musashi
Seimitsu
Industry
Co.
Ltd.
.
114,031
2,400
Musashino
Bank
Ltd.
(The)
.......
85,293
77,400
Nagase
&
Co.
Ltd.
.............
2,006,018
2,200
Nagase
Brothers,
Inc.
............
37,757
31,060
Nakanishi,
Inc.
................
433,909
5,900
Nanto
Bank
Ltd.
(The)
..........
253,903
3,400
Nanyo
Corp.
..................
32,910
107,795
NEC
Corp.
...................
3,628,922
3,000
NEOJAPAN,
Inc.
..............
34,505
126,600
NGK
Insulators
Ltd.
............
3,017,753
131,000
NH
Foods
Ltd.
................
5,898,217
56,900
NHK
Spring
Co.
Ltd.
...........
1,031,671
20,300
Nihon
Falcom
Corp.
............
211,710
261,200
Nihon
Kohden
Corp.
...........
2,891,158
363,100
Nihon
M&A
Center
Holdings,
Inc.
.
1,663,700
222,200
Nikon
Corp.
..................
2,786,115
1,890
Nippon
Building
Fund,
Inc.
REIT
..
1,752,488
7,800
Nippon
Carbide
Industries
Co.,
Inc.
136,686
191,200
Nippon
Express
Holdings,
Inc.
.....
4,332,763
647,834
Nippon
Kayaku
Co.
Ltd.
.........
7,524,435
70,200
Nippon
Light
Metal
Holdings
Co.
Ltd.
.....................
1,239,250
6,200
Nippon
Paper
Industries
Co.
Ltd.
...
47,273
12,751
Nippon
Prologis
REIT,
Inc.
.......
7,440,006
9,600
Nippon
Seiki
Co.
Ltd.
...........
154,831
132,400
Nippon
Shinyaku
Co.
Ltd.
........
4,412,763
31,760
Nippon
Yusen
KK
..............
1,040,881
Shares
Value
JAPAN
(continued)
115,360
Nipro
Corp.
..................
$
1,058,485
29,600
Nishi-Nippon
Financial
Holdings,
Inc.
713,414
18,700
Nishio
Holdings
Co.
Ltd.
........
579,995
20,600
Nissan
Chemical
Corp.
..........
708,541
5,100
Nissha
Co.
Ltd.
................
41,160
161,500
Nisshin
Seifun
Group,
Inc.
.......
2,049,535
326,000
Nisshinbo
Holdings,
Inc.
.........
3,013,330
16,630
Nisso
Holdings
Co.
Ltd.
.........
74,253
2,200
Nitta
Corp.
...................
57,928
51,600
Nitto
Denko
Corp.
.............
1,142,295
111,700
Nitto
Kogyo
Corp.
.............
2,980,880
52,700
Nittoc
Construction
Co.
Ltd.
......
443,707
82,620
NOF
Corp.
...................
1,591,700
174,140
Nomura
Holdings,
Inc.
..........
1,589,945
675
Nomura
Real
Estate
Master
Fund,
Inc.
REIT
...................
728,822
26,100
Nomura
Research
Institute
Ltd.
....
792,815
62,900
Noritz
Corp.
..................
839,290
162,800
North
Pacific
Bank
Ltd.
..........
968,847
25,300
NS
Solutions
Corp.
.............
667,484
21,300
NS
Tool
Co.
Ltd.
...............
115,474
267,042
NSD
Co.
Ltd.
.................
5,595,872
524,200
NSK
Ltd.
....................
3,637,831
2,061
NSW,
Inc.
....................
32,881
726
NTT
UD
REIT
Investment
Corp.
..
668,956
72,700
OBIC
Business
Consultants
Co.
Ltd.
3,222,551
21,300
Obic
Co.
Ltd.
.................
591,407
30,300
Ogaki
Kyoritsu
Bank
Ltd.
(The)
....
1,102,281
6,200
Oita
Bank
Ltd.
(The)
............
327,707
150,400
Oji
Holdings
Corp.
.............
889,416
151,800
Okamura
Corp.
................
2,326,632
65,700
Oki
Electric
Industry
Co.
Ltd.
.....
865,613
58,100
OKUMA
Corp.
................
1,437,859
46,500
Olympus
Corp.
................
553,157
157,900
Omron
Corp.
.................
3,996,474
717,700
Ono
Pharmaceutical
Co.
Ltd.
......
10,677,851
31,100
Optim
Corp.(a)
................
99,875
14,340
Oracle
Corp.
Japan
.............
969,219
3,600
Oricon,
Inc.
..................
20,028
1,598
Orix
JREIT,
Inc.
...............
1,069,739
32,800
Osaki
Electric
Co.
Ltd.
..........
263,867
106,640
OSG
Corp.
...................
1,800,876
300,800
PAL
GROUP
Holdings
Co.
Ltd.
...
3,242,016
36,200
PALTAC
Corp.
................
1,130,724
210,700
Pan
Pacific
International
Holdings
Corp.
...................
1,246,964
5,500
PAPYLESS
Co.
Ltd.
............
37,067
2,998,000
Persol
Holdings
Co.
Ltd.
.........
5,238,170
1,600
PIA
Corp.(a)
..................
27,594
12,800
Pilot
Corp.
...................
401,633
59,800
Pole
To
Win
Holdings,
Inc.
.......
122,104
2,500
Poppins
Corp.
.................
21,986
2,900
PR
Times,
Corp.
...............
49,358
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
JAPAN
(continued)
153,728
Prestige
International,
Inc.
........
$
687,385
40,700
Pronexus,
Inc.
.................
304,277
4,800
Qol
Holdings
Co.
Ltd.
..........
65,784
15,900
Raito
Kogyo
Co.
Ltd.
...........
359,075
358,300
Rakus
Co.
Ltd.
................
2,038,763
226,700
Relo
Group,
Inc.
...............
2,566,415
500,500
Resorttrust,
Inc.
................
5,821,272
542,600
Ricoh
Co.
Ltd.
................
4,775,273
95,800
Riken
Technos
Corp.
............
1,030,054
41,200
Riken
Vitamin
Co.
Ltd.
..........
826,609
237,420
Rinnai
Corp.
..................
6,226,982
9,800
Rion
Co.
Ltd.
.................
173,444
170,900
Rohto
Pharmaceutical
Co.
Ltd.
....
2,824,775
52,600
Ryohin
Keikaku
Co.
Ltd.
.........
1,047,174
29,200
Sac's
Bar
Holdings,
Inc.
..........
153,585
100
Saison
Technology
Co.
Ltd.
.......
1,607
6,000
Sakai
Heavy
Industries
Ltd.
.......
85,100
86,246
Sakata
Seed
Corp.
..............
2,259,806
1,400
San
ju
San
Financial
Group,
Inc.
...
45,231
63,600
Sangetsu
Corp.
................
1,296,575
4,300
San-In
Godo
Bank
Ltd.
(The)
.....
43,845
462,834
Sankyo
Co.
Ltd.
...............
7,223,931
46,540
Sankyu,
Inc.
..................
2,765,756
262,800
Sansan,
Inc.(a)
.................
2,538,679
56,500
Sansha
Electric
Manufacturing
Co.
Ltd.
.....................
370,193
1,842,207
Santen
Pharmaceutical
Co.
Ltd.
....
20,688,523
381,140
Sanwa
Holdings
Corp.
...........
8,619,734
113,800
Sato
Corp.
....................
1,703,029
15,800
Sawai
Group
Holdings
Co.
Ltd.
....
241,962
104,496
SCREEN
Holdings
Co.
Ltd.
......
13,274,692
21,000
Scroll
Corp.
...................
176,809
18,000
Secom
Co.
Ltd.
................
658,193
27,000
Seibu
Holdings,
Inc.
............
714,429
101,800
Seikagaku
Corp.
...............
459,139
369,400
Seiko
Epson
Corp.
..............
4,720,138
38,900
Seiko
Group
Corp.
.............
1,935,448
28,200
Sekisui
House
Ltd.
.............
626,464
4,103
Sekisui
House
Reit,
Inc.
..........
2,407,291
32,000
Sekisui
Kasei
Co.
Ltd.(a)
.........
87,258
1,000
SEMITEC
Corp.
...............
15,527
27,400
Senshu
Ikeda
Holdings,
Inc.
.......
144,471
19,200
SERAKU
Co.
Ltd.
..............
205,200
20,700
Seria
Co.
Ltd.
.................
493,558
75,900
Seven
Bank
Ltd.
...............
145,807
100,040
SG
Holdings
Co.
Ltd.
...........
963,166
22,000
Shibaura
Machine
Co.
Ltd.
.......
604,161
19,100
Shibaura
Mechatronics
Corp.
......
2,890,424
430,900
SHIFT,
Inc.(a)
................
2,037,281
800
Shiga
Bank
Ltd.
(The)
...........
40,786
26,200
Shikoku
Bank
Ltd.
(The)
.........
344,514
77,900
Shikoku
Electric
Power
Co.,
Inc.
...
788,262
75,900
Shimamura
Co.
Ltd.
............
5,088,282
Shares
Value
JAPAN
(continued)
39,300
Shindengen
Electric
Manufacturing
Co.
Ltd.
.................
$
928,157
14,177
Shinnihonseiyaku
Co.
Ltd.
........
188,343
41,000
Shionogi
&
Co.
Ltd.
............
840,876
424,427
Ship
Healthcare
Holdings,
Inc.
.....
6,983,738
479,300
Shizuoka
Financial
Group,
Inc.
....
7,798,381
10,400
Shizuoka
Gas
Co.
Ltd.
...........
82,187
69,940
Shoei
Co.
Ltd.
.................
802,168
3,400
Sigma
Koki
Co.
Ltd.
............
34,448
170,000
SKY
Perfect
JSAT
Holdings,
Inc.
...
2,450,698
2,900
SMK
Corp.
...................
52,094
356,920
SMS
Co.
Ltd.
.................
3,768,463
716,500
Socionext,
Inc.
................
9,544,228
116,100
Sodick
Co.
Ltd.
................
782,452
12,200
Softcreate
Holdings
Corp.
........
163,497
103,713
Soliton
Systems
KK
.............
1,308,140
105,100
Square
Enix
Holdings
Co.
Ltd.
.....
1,815,956
124,600
Starts
Corp.,
Inc.
...............
3,941,051
437,506
Subaru
Corp.
.................
9,405,418
73,440
Sugi
Holdings
Co.
Ltd.
..........
1,688,892
40,900
Sumitomo
Bakelite
Co.
Ltd.
.......
1,437,684
3,482,900
Sumitomo
Chemical
Co.
Ltd.
.....
10,577,430
61,400
Sumitomo
Electric
Industries
Ltd.
..
2,667,702
150,400
Sumitomo
Heavy
Industries
Ltd.
...
4,680,321
318,417
Sumitomo
Mitsui
Trust
Group,
Inc.
.
10,530,229
353,600
Sumitomo
Pharma
Co.
Ltd.(a)
.....
5,248,250
35,400
Sumitomo
Realty
&
Development
Co.
Ltd.
.....................
982,444
55,600
Sumitomo
Warehouse
Co.
Ltd.
(The)
1,331,080
262,900
Sun
Frontier
Fudousan
Co.
Ltd.
....
4,156,864
8,900
Sun*,
Inc.(a)
..................
26,051
101,900
Sundrug
Co.
Ltd.
..............
2,712,768
21,000
Suruga
Bank
Ltd.
..............
263,111
410,388
Suzuken
Co.
Ltd.
..............
16,515,227
690,500
Systena
Corp.
.................
2,266,568
37,700
Tadano
Ltd.
..................
277,464
24,800
Taiheiyo
Cement
Corp.
..........
679,292
104,000
Taiyo
Yuden
Co.
Ltd.
............
2,177,979
14,300
Takaoka
Toko
Co.
Ltd.
..........
427,355
21,500
Takara
&
Co.
Ltd.
..............
589,041
126,560
Takara
Holdings,
Inc.
...........
1,303,954
83,800
Takara
Standard
Co.
Ltd.
.........
1,595,211
49,640
Takeuchi
Manufacturing
Co.
Ltd.
..
2,049,623
848,400
Tamron
Co.
Ltd.
...............
5,635,534
12,600
Tanseisha
Co.
Ltd.
..............
124,486
4,100
Tazmo
Co.
Ltd.
................
67,185
164,200
TDK
Corp.
...................
2,101,836
111,480
TechMatrix
Corp.
..............
1,522,801
109,000
Teijin
Ltd.
....................
1,052,601
16,900
Temairazu,
Inc.
................
339,070
1,700
Tential,
Inc.(a)
.................
43,609
74,048
TIS,
Inc.
.....................
2,152,158
2,400
Toa
Corp.
....................
25,635
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
JAPAN
(continued)
45,100
Tobu
Railway
Co.
Ltd.
...........
$
794,700
12,265
Tochigi
Bank
Ltd.
(The)
..........
66,254
47,700
Toho
Bank
Ltd.
(The)
...........
185,240
38,700
Toho
Gas
Co.
Ltd.
..............
1,279,081
83,500
Toho
Holdings
Co.
Ltd.
..........
2,494,317
24,000
Tokai
Corp.
...................
382,114
384,782
Tokai
Rika
Co.
Ltd.
.............
7,782,164
304,733
Tokuyama
Corp.
...............
7,951,098
300,800
Tokyo
Gas
Co.
Ltd.
.............
13,306,260
11,000
Tokyo
Kiraboshi
Financial
Group,
Inc.
715,753
880
Tokyo
Ohka
Kogyo
Co.
Ltd.
......
41,379
77,700
Tokyo
Seimitsu
Co.
Ltd.
.........
7,003,845
64,446
Tokyo
Tatemono
Co.
Ltd.
........
1,511,208
164,396
Tokyotokeiba
Co.
Ltd.
...........
5,693,736
53,600
Tokyu
Corp.
..................
604,541
107,086
Tokyu
Fudosan
Holdings
Corp.
....
987,065
1,196
Tokyu
REIT,
Inc.
..............
1,602,807
61,700
Toli
Corp.
....................
303,796
104,085
TOMONY
Holdings,
Inc.
........
587,143
52,800
Tosei
Corp.
...................
535,983
99,655
Toshiba
TEC
Corp.
.............
1,671,649
19,300
Tosho
Co.
Ltd.
................
93,033
174,600
TOTO
Ltd.
...................
5,484,173
25,800
Towa
Bank
Ltd.
(The)
...........
191,883
23,300
Towa
Corp.
...................
449,108
126,900
Towa
Pharmaceutical
Co.
Ltd.
.....
2,947,826
6,600
Toyo
Denki
Seizo
KK
...........
84,910
137,920
Toyo
Seikan
Group
Holdings
Ltd.
..
3,453,347
8,880
Toyo
Suisan
Kaisha
Ltd.
..........
632,892
65,140
Toyo
Tire
Corp.
................
1,749,722
23,300
Toyoda
Gosei
Co.
Ltd.
...........
630,979
112,500
Transcosmos,
Inc.
..............
2,740,534
9,283
Trend
Micro,
Inc.(a)
............
362,898
2,900
Trinity
Industrial
Corp.
..........
24,566
356,100
Tsubakimoto
Chain
Co.
.........
5,446,425
95,720
Tsugami
Corp.
................
1,985,405
51,000
Tsuruha
Holdings,
Inc.
..........
812,652
1,500
TV
Asahi
Holdings
Corp.
........
34,602
178,800
UACJ
Corp.
..................
2,822,489
31,600
Ubicom
Holdings,
Inc.
..........
211,742
50,000
Uchida
Yoko
Co.
Ltd.
...........
670,716
260,593
Ulvac,
Inc.
...................
13,975,975
5,400
Univance
Corp.
................
28,263
3,200
Ushio,
Inc.
...................
57,276
1,122,027
USS
Co.
Ltd.
.................
12,375,938
6,200
Valor
Holdings
Co.
Ltd.
.........
140,217
49,300
ValueCommerce
Co.
Ltd.
........
206,107
84,100
Vector,
Inc.
...................
792,309
9,900
Vision,
Inc.
...................
82,649
63,500
Visional,
Inc.(a)
................
3,495,454
56,200
Vital
KSK
Holdings,
Inc.
.........
509,126
467,040
Wacom
Co.
Ltd.
...............
2,251,304
3,100
Wadakohsan
Corp.
.............
34,734
Shares
Value
JAPAN
(continued)
27,800
WDB
Holdings
Co.
Ltd.
.........
$
287,952
30,700
West
Japan
Railway
Co.
..........
626,656
54,920
Workman
Co.
Ltd.
.............
2,256,986
72,100
Xebio
Holdings
Co.
Ltd.
.........
501,756
30,400
Yakult
Honsha
Co.
Ltd.
..........
489,511
135,700
YAMABIKO
Corp.
.............
2,814,661
55,000
Yamaguchi
Financial
Group,
Inc.
...
872,835
616,600
Yamaha
Corp.
.................
4,456,365
1,600
Yamanashi
Chuo
Bank
Ltd.
(The)
...
48,902
12,000
Yamato
Kogyo
Co.
Ltd.
..........
865,340
38,300
Yaskawa
Electric
Corp.
...........
1,216,364
87,500
Yodoko
Ltd.
..................
792,114
30,300
Yokogawa
Electric
Corp.
.........
1,003,996
72,240
Yokohama
Financial
Group,
Inc.
...
655,369
27,046
Yokohama
Rubber
Co.
Ltd.
(The)
...
1,064,294
3,000
Yokowo
Co.
Ltd.
...............
42,375
1,300
Yossix
Holdings
Co.
Ltd.
.........
26,418
14,200
Yushin
Co.
...................
69,826
48,600
Zacros
Corp.
..................
365,536
192,080
Zenkoku
Hosho
Co.
Ltd.
.........
3,814,047
57,400
Zenrin
Co.
Ltd.
................
389,071
196,460
Zeon
Corp.
...................
2,394,816
25,400
ZERIA
Pharmaceutical
Co.
Ltd.
....
337,113
216,500
ZIGExN
Co.
Ltd.
..............
654,704
109,080
ZOZO,
Inc.
..................
899,367
13,100
Zuken,
Inc.
...................
407,999
1,078,413,348
LUXEMBOURG
—
0.0%
13,140
Befesa
SA(c)(d)
................
482,529
31,200
RTL
Group
SA
................
1,362,821
64,500
Tenaris
SA
....................
1,434,297
3,279,647
MALAYSIA
—
0.0%
19,549,200
Top
Glove
Corp.
Bhd
...........
3,025,117
NETHERLANDS
—
1.3%
393,661
ABN
AMRO
Bank
NV(c)(d)
......
14,493,406
3,927
Acomo
NV
...................
115,674
812,830
Aegon
Ltd.
...................
6,337,824
6,798
AMG
Critical
Materials
NV
.......
291,055
26,831
ASM
International
NV
..........
22,574,569
127,380
ASR
Nederland
NV
.............
9,237,561
54,600
Corbion
NV
..................
1,309,935
31,848
Eurocommercial
Properties
NV
REIT
938,113
9,010
Euronext
NV(c)(d)
.............
1,259,172
34,361
ForFarmers
NV
................
226,050
270,146
Koninklijke
Ahold
Delhaize
NV
....
10,554,371
463,732
Koninklijke
BAM
Groep
NV
......
4,859,213
213,321
Koninklijke
Heijmans
NV
........
17,371,485
213,700
Koninklijke
KPN
NV
...........
1,040,595
29,320
Koninklijke
Vopak
NV
..........
1,461,773
132,636
NN
Group
NV
................
10,499,157
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
NETHERLANDS
(continued)
1,694,957
Pharming
Group
NV(a)
..........
$
3,439,609
41,024
QIAGEN
NV
.................
2,169,781
5,828
QIAGEN
NV
.................
312,789
27,398
Randstad
NV
.................
977,859
74,741
SBM
Offshore
NV
.............
2,677,318
56,220
Signify
NV(c)(d)
...............
1,193,529
177,621
TomTom
NV(a)
...............
1,334,843
76,700
Van
Lanschot
Kempen
NV
.......
4,645,825
206,877
Wereldhave
NV
REIT
...........
5,112,871
124,434,377
NEW
ZEALAND
—
0.2%
2,289,114
a2
Milk
Co.
Ltd.
(The)
..........
13,501,388
161,788
Argosy
Property
Ltd.
............
113,973
24,680
Freightways
Group
Ltd.
..........
216,953
18,171
Genesis
Energy
Ltd.
.............
26,586
4,676
Hallenstein
Glasson
Holdings
Ltd.
..
27,873
20,438
Mercury
NZ
Ltd.
..............
77,895
29,980
Oceania
Healthcare
Ltd.(a)
.......
15,343
10,598
Property
for
Industry
Ltd.
........
14,549
38,890
Ryman
Healthcare
Ltd.(a)
........
65,096
39,148
SKY
Network
Television
Ltd.
......
78,727
801,689
Spark
New
Zealand
Ltd.
.........
1,090,895
70,588
TOWER
Ltd.
.................
82,027
15,311,305
NORWAY
—
1.0%
240,847
ABG
Sundal
Collier
Holding
ASA
..
202,321
37,623
AF
Gruppen
ASA
..............
721,168
506,559
Aker
BP
ASA
..................
14,801,485
1,433,201
Aker
Solutions
ASA
.............
5,223,546
64,111
Atea
ASA
....................
1,025,190
5,140
Bonheur
ASA
.................
135,031
50,799
BW
Offshore
Ltd.
..............
247,916
16,946
Deep
Value
Driller
AS
...........
38,184
2,274,894
DNO
ASA
...................
3,822,001
9,910
Elopak
ASA
...................
51,554
168,826
Gjensidige
Forsikring
ASA
........
4,799,809
169,506
Kitron
ASA
...................
1,451,199
920,199
Leroy
Seafood
Group
ASA
........
4,536,737
501,917
Mowi
ASA
...................
11,538,801
587,079
MPC
Container
Ships
ASA
.......
1,136,606
354,929
Norconsult
Norge
AS
...........
1,673,202
3,222,179
Norwegian
Air
Shuttle
ASA
.......
5,446,973
140,945
Odfjell
Drilling
Ltd.
............
1,400,596
19,121
Odfjell
SE
-
Class
A
.............
270,817
22,127
OKEA
ASA(a)
.................
53,879
191,433
Orkla
ASA
...................
2,270,043
211,514
Petronor
E&P
ASA
.............
225,340
126,497
Pexip
Holding
ASA
.............
1,015,339
5,066
PhotoCure
ASA(a)
..............
36,349
407,385
SATS
ASA
....................
1,700,522
60,817
Sea1
Offshore,
Inc.(a)
...........
157,245
23,141
Sentia
AS(a)
..................
154,506
Shares
Value
NORWAY
(continued)
576,918
SFL
Corp.
Ltd.
................
$
5,111,493
20,218
Solstad
Offshore
ASA
...........
106,648
7,081
Sparebank
1
Oestlandet
..........
144,024
94,190
SpareBank
1
SMN
..............
1,893,874
43,300
SpareBank
1
Sor-Norge
ASA
......
874,947
92
Sparebanken
More
..............
1,049
435,998
Storebrand
ASA
................
7,628,437
25,920
TGS
ASA
....................
271,836
67,324
Veidekke
ASA
.................
1,242,948
992,074
Wallenius
Wilhelmsen
ASA
.......
11,506,637
13,592
Wilh
Wilhelmsen
Holding
ASA
-
Class
A
......................
966,774
93,885,026
POLAND
—
0.5%
949,297
Allegro.eu
SA(a)(c)(d)
...........
7,807,053
275,644
KGHM
Polska
Miedz
SA(a)
.......
25,764,529
2,950,177
Orange
Polska
SA
..............
9,561,297
43,132,879
PORTUGAL
—
0.2%
1,330,015
Banco
Comercial
Portugues
SA
-
Class
R
......................
1,441,582
58,188
CTT-Correios
de
Portugal
SA
.....
468,328
5,309
Ibersol
SGPS
SA
...............
67,021
52,367
Jeronimo
Martins
SGPS
SA
.......
1,235,878
284,675
NOS
SGPS
SA
................
1,479,672
218,800
REN
-
Redes
Energeticas
Nacionais
SGPS
SA
.................
892,180
5,222,137
Sonae
SGPS
SA
................
10,956,406
16,541,067
PUERTO
RICO
—
0.1%
153,173
First
BanCorp
.................
3,388,187
76,191
OFG
Bancorp
.................
3,070,497
2,860
Popular,
Inc.
..................
381,896
6,840,580
RUSSIA
—
0.0%
3,531,360
Alrosa
PJSC(a)(b)(e)
............
0
1,189,126,065
Federal
Grid
Co.
-
Rosseti
PJSC(a)(b)
(e)
......................
0
4,480,742
Gazprom
PJSC(a)(b)(e)
..........
0
1,073,095
Gazprom
PJSC
-
ADR(a)(b)(e)
....
0
112,793
Magnit
PJSC(a)(b)(e)
...........
0
532,967
Mobile
TeleSystems
PJSC(a)(b)(e)
..
0
217,810,135
ROSSETI
PJSC(a)(b)(e)
.........
0
1,641,600
Rostelecom
PJSC(a)(b)(e)
........
0
461,432,194
RusHydro
PJSC(a)(b)(e)
.........
0
13,369,855
Surgutneftegas
PAO(a)(b)(e)
......
0
243,969
VK
IPJSC(a)(b)(e)
..............
0
0
SINGAPORE
—
1.0%
1,731,100
AIMS
APAC
REIT
.............
2,041,231
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
SINGAPORE
(continued)
657,019
ASMPT
Ltd.
..................
$
8,738,275
37,100
Bukit
Sembawang
Estates
Ltd.
.....
149,322
332,900
CapitaLand
Ascendas
REIT
.......
745,826
1,047,702
CapitaLand
Integrated
Commercial
Trust
REIT
...............
1,968,405
331,600
Capitaland
Investment
Ltd.
.......
802,868
243,800
CDL
Hospitality
Trusts
..........
165,779
685,500
Centurion
Corp.
Ltd.
...........
819,087
14,062
China
Yuchai
International
Ltd.
....
638,134
205,500
City
Developments
Ltd.
..........
1,499,127
587,116
ComfortDelGro
Corp.
Ltd.
.......
678,453
153,200
CSE
Global
Ltd.
...............
134,883
1,361,200
First
Resources
Ltd.
.............
2,289,889
518,900
Frasers
Centrepoint
Trust
REIT
....
913,714
1,271,093
Frasers
Logistics
&
Commercial
Trust
REIT(c)
.................
1,009,200
35,500
Frasers
Property
Ltd.
............
31,534
1,174,325
Genting
Singapore
Ltd.
..........
678,507
466,200
Golden
Agri-Resources
Ltd.
.......
106,279
1,222,262
Hafnia
Ltd.
...................
7,515,950
43,400
Ho
Bee
Land
Ltd.
..............
83,245
600,700
Hong
Leong
Asia
Ltd.
...........
1,619,685
111,196
iFAST
Corp.
Ltd.
..............
921,316
491,545
IGG,
Inc.
....................
232,178
106,500
InnoTek
Ltd.
..................
71,162
1,407
Karooooo
Ltd.
.................
70,420
412,400
Keppel
DC
REIT
..............
739,149
5,491,800
Keppel
Pacific
Oak
US
REIT(a)(c)
..
1,345,491
91,600
Kimly
Ltd.
...................
30,963
63,207
Kulicke
&
Soffa
Industries,
Inc.
....
3,623,657
676,400
Mapletree
Logistics
Trust
REIT
....
717,821
2,120,300
Mapletree
Pan
Asia
Commercial
Trust
REIT
...................
2,433,486
1,570,300
Marco
Polo
Marine
Ltd.
.........
185,162
44,300
OUE
Ltd.
....................
41,093
893,200
OUE
Real
Estate
Investment
Trust
REIT
...................
263,305
274,700
Propnex
Ltd.(c)
................
472,913
3,629,900
Raffles
Medical
Group
Ltd.
.......
2,839,203
304,400
RHT
Health
Trust(a)(b)(e)
.......
4,547
44,276
Samudera
Shipping
Line
Ltd.
......
38,634
742,000
Sasseur
Real
Estate
Investment
Trust
REIT(c)
.................
399,552
61,900
SATS
Ltd.
....................
184,420
30,200
SBS
TRANSIT
Ltd.
............
77,631
2,483,739
Sheng
Siong
Group
Ltd.
.........
5,310,723
553,700
SIA
Engineering
Co.
Ltd.
.........
1,436,373
203,100
Singapore
Airlines
Ltd.
..........
1,013,824
214,000
Singapore
Exchange
Ltd.
.........
2,965,820
28,900
Singapore
Land
Group
Ltd.
.......
79,287
3,494,100
Starhill
Global
REIT
............
1,620,564
46,100
Stoneweg
Europe
Stapled
Trust
....
86,885
Shares
Value
SINGAPORE
(continued)
321,900
Suntec
Real
Estate
Investment
Trust
REIT
...................
$
364,386
2,591,420
UOL
Group
Ltd.
...............
22,082,378
11,700
Venture
Corp.
Ltd.
.............
150,377
811,900
Wee
Hur
Holdings
Ltd.
..........
568,030
262,600
Wilmar
International
Ltd.
........
699,799
8,347,600
Yangzijiang
Financial
Holding
Ltd.
..
2,329,532
7,210,400
Yangzijiang
Maritime
Development
Ltd.(a)
...................
3,400,865
89,430,339
SOUTH
AFRICA
—
1.3%
620,377
African
Rainbow
Minerals
Ltd.
....
9,214,012
279,576
E
Media
Holdings
Ltd.
..........
38,076
1,279,045
Impala
Platinum
Holdings
Ltd.
....
25,020,706
162,442
Investec
Plc
...................
1,351,447
936,805
MTN
Group
Ltd.
..............
10,492,680
600,399
Remgro
Ltd.
..................
6,818,801
7,795,883
Sibanye
Stillwater
Ltd.(a)
.........
35,606,608
649,239
SPAR
Group
Ltd.
(The)(a)
........
3,563,354
206,436
Valterra
Platinum
Ltd.
...........
19,424,760
959,834
Vodacom
Group
Ltd.
............
8,946,072
120,476,516
SOUTH
KOREA
—
2.6%
52,818
Green
Cross
Corp.(a)
............
6,050,916
381,987
GS
Engineering
&
Construction
Corp.
4,981,170
162,324
Hankook
Tire
&
Technology
Co.
Ltd.
7,161,021
97,792
HD
Construction
Equipment
Co.
Ltd.
7,351,083
139,289
Hyundai
Department
Store
Co.
Ltd.
9,067,236
54,303
Hyundai
Glovis
Co.
Ltd.
.........
9,129,725
216,450
Kakao
Corp.
..................
9,233,035
134,655
LG
Electronics,
Inc.
.............
9,270,745
49,382
LG
Innotek
Co.
Ltd.
............
8,405,301
46,435
NCSoft
Corp.
.................
7,564,963
18,617
OCI
Co.
Ltd.(a)
...............
913,131
76,515
OCI
Holdings
Co.
Ltd.(a)
........
6,134,383
40,508
POSCO
Holdings,
Inc.
..........
9,779,443
413,593
Samsung
E&A
Co.
Ltd.
..........
8,849,982
281,013
Samsung
Electronics
Co.
Ltd.
.....
31,334,296
411,516
Samsung
Heavy
Industries
Co.
Ltd.(a)
8,419,582
84,957
Samsung
Life
Insurance
Co.
Ltd.
...
11,113,938
44,861
Samsung
SDS
Co.
Ltd.
..........
5,394,914
178,014
Samsung
Securities
Co.
Ltd.
.......
11,204,716
752,858
SK
Networks
Co.
Ltd.
...........
2,929,001
175,266
SK
Square
Co.
Ltd.(a)
...........
69,405,044
243,693,625
SPAIN
—
1.3%
378,222
Acerinox
SA
..................
5,608,551
18,304
ACS
Actividades
de
Construccion
y
Servicios
SA
...............
2,053,560
38,353
Almirall
SA
...................
573,727
274,064
ATALAYA
MINING
COPPER
SA
.
3,855,159
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
SPAIN
(continued)
2,960,445
Banco
de
Sabadell
SA
............
$
11,597,785
1,161,706
Banco
Santander
SA
............
14,844,364
49,500
Bankinter
SA
..................
846,091
47,688
CIE
Automotive
SA
.............
1,627,977
34,646
Construcciones
y
Auxiliar
de
Ferrocarriles
SA
............
2,312,108
22,973
Distribuidora
Internacional
de
Alimentacion
SA(a)
.........
1,066,095
9,960
Elecnor
SA
...................
317,584
387,833
Faes
Farma
SA
.................
2,404,324
45,760
Fluidra
SA
....................
1,330,004
1,768,047
Gestamp
Automocion
SA(c)(d)
....
6,354,328
2,931
Grupo
Empresarial
San
Jose
SA
....
28,802
147,674
Linea
Directa
Aseguradora
SA
Cia
de
Seguros
y
Reaseguros
........
205,853
238,629
Logista
Integral
SA
.............
8,717,711
3,397,954
Mapfre
SA
....................
15,539,117
386,277
Melia
Hotels
International
SA
.....
3,447,787
122,851
Merlin
Properties
Socimi
SA
REIT
..
1,821,724
171
Metrovacesa
SA(c)(d)
............
2,108
18,258
Pharma
Mar
SA
................
1,708,645
703,785
Repsol
SA
....................
13,810,703
79,468
Tecnicas
Reunidas
SA(a)
.........
3,003,013
3,452,112
Unicaja
Banco
SA(c)(d)
..........
11,809,399
14,386
Vidrala
SA
....................
1,505,679
9,450
Viscofan
SA
..................
631,768
117,023,966
SWEDEN
—
1.8%
42,098
AcadeMedia
AB(c)(d)
...........
445,201
66,164
Alfa
Laval
AB
.................
3,843,194
25,117
Alimak
Group
AB(c)(d)
..........
384,615
302,032
Alleima
AB
...................
2,639,707
63,169
AQ
Group
AB
.................
1,389,257
359,478
Arjo
AB
-
Class
B
..............
1,078,333
46,392
Attendo
AB(c)(d)
..............
463,009
324,239
Avanza
Bank
Holding
AB
........
12,649,234
40,290
Axfood
AB
...................
1,380,014
23,477
Beijer
Alma
AB
................
697,128
3,592
Berner
Industrier
AB
............
38,632
417,376
Betsson
AB
-
Class
B
............
4,901,210
406,013
Billerud
Aktiebolag
.............
3,286,392
65,300
BioGaia
AB
-
Class
B
............
803,467
282,803
Boliden
AB(a)
.................
19,893,838
173,829
Bravida
Holding
AB(c)(d)
........
1,716,336
41,699
Byggmax
Group
AB
.............
264,495
138,851
Cantargia
AB(a)
...............
85,267
6,041
Cellavision
AB
.................
99,966
9,817
Cheffelo
AB
..................
115,941
37,579
Clas
Ohlson
AB
-
Class
B
........
1,286,735
542,978
Cloetta
AB
-
Class
B
............
2,654,085
6,595
Duni
AB
.....................
77,593
180
Elanders
AB
-
Class
B
...........
1,198
Shares
Value
SWEDEN
(continued)
196,270
Elekta
AB
-
Class
B
.............
$
1,260,359
2,630
Enea
AB(a)
...................
19,753
2,231
Enity
Holding
AB(a)
............
27,656
101,485
Fagerhult
Group
AB
............
426,676
208,215
Getinge
AB
-
Class
B
............
4,567,523
20,675
Granges
AB
...................
346,769
153,409
Hacksaw
AB(a)
................
976,169
18,735
Hanza
AB
....................
292,356
88,183
Hexpol
AB
...................
719,720
49,079
Hoist
Finance
AB(c)(d)
..........
689,282
6,294
Humana
AB
..................
33,528
606,569
Husqvarna
AB
-
Class
B
..........
3,107,240
124,952
Instalco
AB(c)
.................
357,988
32,000
Inwido
AB
...................
552,523
77
Kopparbergs
Bryggeri
AB
-
Class
B
..
965
47,718
Lagercrantz
Group
AB
-
Class
B
....
1,047,841
239,029
Loomis
AB
...................
9,918,060
15,400
MIPS
AB(c)
..................
478,554
271,212
Mycronic
AB
..................
6,266,116
185,346
NCC
AB
-
Class
B
.............
4,752,515
79
Nederman
Holding
AB
..........
1,275
36,940
Nelly
Group
AB(a)
.............
555,707
70,579
Neobo
Fastigheter
AB(a)
.........
148,170
60,751
Net
Insight
AB
-
Class
B(a)
.......
14,800
194,257
Nolato
AB
-
Class
B
.............
1,269,240
24,702
Norion
Bank
AB(a)
.............
188,021
7,469
NOTE
AB
...................
138,941
14,055
Orexo
AB(a)
..................
47,258
34,600
Paradox
Interactive
AB
...........
503,026
1,148,656
Peab
AB
-
Class
B
..............
11,476,888
52,637
Proact
IT
Group
AB
............
601,566
254
QleanAir
AB(a)
................
593
26,802
Rusta
AB
.....................
246,130
227,696
Rvrc
Holding
AB
...............
1,744,626
9,475
Scandi
Standard
AB
.............
114,881
304,377
Scandic
Hotels
Group
AB(c)(d)
....
3,037,790
117,076
Sectra
AB
-
Class
B
.............
2,894,205
44,000
Securitas
AB
-
Class
B
...........
726,624
391,698
SKF
AB
-
Class
B
..............
10,228,342
1,722,501
SSAB
AB
-
Class
A
.............
14,321,462
958,243
SSAB
AB
-
Class
B
.............
7,919,826
521,465
Stillfront
Group
AB(a)
...........
321,397
156,626
Storytel
AB
...................
1,485,815
16,899
Sweco
AB
-
Class
B
.............
279,832
62,221
Synsam
AB
...................
457,533
6,102
Systemair
AB
..................
59,324
50,200
Tele2
AB
-
Class
B
..............
918,337
38,799
Trelleborg
AB
-
Class
B
..........
1,568,076
222,062
Truecaller
AB
-
Class
B
..........
385,165
1,270,750
Volvo
Car
AB
-
Class
B(a)
........
4,245,582
52,521
Wihlborgs
Fastigheter
AB
........
543,046
162,479,918
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
SWITZERLAND
—
2.2%
145,102
Accelleron
Industries
AG
.........
$
13,852,309
27,476
Allreal
Holding
AG
.............
8,032,567
307
APG
SGA
SA
.................
83,794
132,687
Ascom
Holding
AG
.............
918,279
1,940
Autoneum
Holding
AG
..........
317,206
204,551
Avolta
AG
....................
12,515,701
30,559
Basilea
Pharmaceutica
Ag
Allschwil(a)
2,134,643
1,000
Belimo
Holding
AG
............
1,093,073
3,795
BKW
AG
....................
716,242
20,865
Bucher
Industries
AG
...........
9,662,596
2,102
Burckhardt
Compression
Holding
AG
1,451,999
2,743
Burkhalter
Holding
AG
..........
498,179
10,484
Cembra
Money
Bank
AG
........
1,339,234
52
Cham
Swiss
Properties
AG
........
1,695
2,417
Cicor
Technologies
Ltd.(a)
........
384,569
1,188
Cie
Financiere
Tradition
SA
.......
451,810
14,668
DKSH
Holding
AG
............
1,075,837
53,372
dormakaba
Holding
AG
.........
4,011,271
151
Dottikon
Es
Holding
AG(a)
.......
72,663
61,144
EFG
International
AG
...........
1,556,580
700
Emmi
AG
....................
708,104
813
EMS-Chemie
Holding
AG
.......
632,059
13,680
Flughafen
Zurich
AG
...........
4,239,995
6,779
Galenica
AG(c)(d)
..............
847,101
1,545
Garmin
Ltd.
..................
311,534
705
Geberit
AG
...................
537,699
2,243,378
Glencore
Plc
..................
15,325,609
2
Gurit
Holding
AG(a)
............
53
6,096
Hiag
Immobilien
Holding
AG
.....
980,975
52,335
Huber
+
Suhner
AG
............
10,574,642
6,760
Implenia
AG
..................
647,099
14,650
Inficon
Holding
AG
............
2,312,011
1,340,353
International
Workplace
Group
Plc
.
4,533,826
1,348
Intershop
Holding
AG
...........
291,902
1,607
Investis
Holding
SA(c)
...........
322,211
73
Jungfraubahn
Holding
AG
........
28,754
10,452
Kardex
Holding
AG
............
3,664,048
6,431
Komax
Holding
AG(a)
..........
556,541
1,151,788
Kongsberg
Automotive
ASA(a)
.....
258,332
3,181
Lastminute.com
NV
............
58,637
684
LEM
Holding
SA(a)
............
249,073
21,230
Logitech
International
SA
........
1,830,111
7,910
Medacta
Group
SA(c)(d)
.........
1,690,359
19
Orell
Fuessli
AG
...............
2,949
16,136
Partners
Group
Holding
AG
......
21,916,823
99
Phoenix
Mecano
AG
............
56,604
3,961
PolyPeptide
Group
AG(a)(c)(d)
....
139,881
95,380
PSP
Swiss
Property
AG
..........
19,124,119
4,209
Sensirion
Holding
AG(a)(c)(d)
.....
311,979
16,462
SFS
Group
AG
................
2,414,838
16,400
SGS
SA
......................
1,968,721
66,800
SIG
Group
AG
................
1,031,747
2,640
Sonova
Holding
AG
............
722,282
Shares
Value
SWITZERLAND
(continued)
197,904
Straumann
Holding
AG
..........
$
23,833,985
5,800
Sulzer
AG
....................
1,246,957
1,850
Swiss
Life
Holding
AG
...........
2,025,535
8,989
Swissquote
Group
Holding
SA
.....
5,095,375
17,683
Tecan
Group
AG
...............
3,110,909
51,112
Temenos
AG
..................
4,519,119
347
Valiant
Holding
AG
............
69,665
1,037
Vaudoise
Assurances
Holding
SA
...
985,958
17,208
Zehnder
Group
AG
.............
1,829,762
16
Zug
Estates
Holding
AG
-
Class
B
..
48,225
201,226,355
TAIWAN
—
0.7%
9,493,432
China
Petrochemical
Development
Corp.(a)
.................
2,413,329
2,461,000
Ennostar,
Inc.
.................
2,748,781
2,945,990
Foxconn
Technology
Co.
Ltd.
.....
5,373,366
498,665
Globalwafers
Co.
Ltd.
...........
7,875,326
1,720,000
Hon
Hai
Precision
Industry
Co.
Ltd.
12,051,478
3,106,119
HTC
Corp.(a)
.................
4,426,738
389,000
Phison
Electronics
Corp.
.........
29,419,129
64,308,147
THAILAND
—
0.1%
14,652
Fabrinet(a)
...................
7,171,275
408,200
Siam
Cement
Public
Co.
Ltd.
(The)
-
FOR
....................
2,672,468
9,843,743
TURKEY
—
0.4%
12,034,603
Anadolu
Efes
Biracilik
Ve
Malt
Sanayii
AS
......................
5,316,180
12,787,859
Emlak
Konut
Gayrimenkul
Yatirim
Ortakligi
AS
REIT
..........
7,498,572
1,894,139
Tekfen
Holding
AS
.............
3,342,957
4,987,113
Turk
Telekomunikasyon
AS(a)
.....
7,626,256
3,076,001
Turkcell
Iletisim
Hizmetleri
AS
....
8,268,782
7,970,532
Turkiye
Sise
ve
Cam
Fabrikalari
AS
..
8,339,486
40,392,233
UNITED
KINGDOM
—
4.6%
96,228
3i
Group
Plc
..................
4,412,382
40,092
4imprint
Group
Plc
.............
2,238,283
9,459
AB
Dynamics
Plc
..............
165,673
538,922
Aberdeen
Group
Plc
............
1,603,181
22,327
accesso
Technology
Group
Plc(a)
...
86,460
476,261
AJ
Bell
Plc
....................
3,016,029
43,626
Alfa
Financial
Software
Holdings
Plc(c)(d)
.................
128,346
152,652
AO
World
Plc(a)
...............
226,845
38,852
Applied
Nutrition
Plc(a)
.........
123,870
328,000
Ashmore
Group
Plc
.............
1,061,905
246,942
Associated
British
Foods
Plc
.......
6,437,054
93,800
Autotrader
Group
PLC(c)(d)
......
690,530
6,003
Avon
Technologies
Plc
...........
144,077
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
UNITED
KINGDOM
(continued)
341,966
B&M
European
Value
Retail
SA
...
$
825,193
2,196,531
Balfour
Beatty
Plc
..............
21,460,150
2,238,629
Barclays
Plc
...................
14,893,414
265,973
Bicycle
Therapeutics
Plc
-
ADR(a)
..
1,707,547
44,900
Big
Yellow
Group
Plc
REIT
.......
632,821
3,897
Bloomsbury
Publishing
Plc
.......
26,502
943,192
Breedon
Group
Plc
.............
4,341,635
314,000
BT
Group
Plc
.................
822,158
128,658
Burberry
Group
Plc(a)
...........
1,934,780
518,687
Central
Asia
Metals
Plc
..........
1,596,927
579,708
Centrica
Plc
..................
1,514,698
27,650
CNH
Industrial
NV
............
297,514
15,282
Computacenter
Plc
.............
695,922
1,629
Costain
Group
Plc
..............
3,945
78,707
Cranswick
Plc
.................
5,664,953
1,627,278
Currys
Plc
....................
3,250,961
50,590
Custodian
Property
Income
REIT
Plc
58,703
14,828
DFS
Furniture
Plc(a)
............
39,971
280,740
dotdigital
group
Plc
.............
283,503
879,374
Drax
Group
Plc
................
10,841,656
244,590
Dunelm
Group
Plc
.............
3,092,487
1,241,860
easyJet
Plc
....................
8,119,251
1,978
Eco
Animal
Health
Group
Plc(a)
...
3,045
177,107
Endava
Plc
-
ADR(a)
............
1,119,316
52,900
Energean
Plc
..................
613,469
312,016
EnQuest
Plc
..................
52,856
293,386
FDM
Group
Holdings
Plc
........
647,145
2,555,132
Firstgroup
Plc
.................
6,517,131
121,796
Foresight
Group
Holdings
Ltd.
....
704,970
27
Frasers
Group
Plc(a)
............
257
14,290
Frontier
Developments
Plc(a)
......
92,685
14,623
Fuller
Smith
&
Turner
Plc
-
Class
A
.
134,863
55,238
Future
Plc
....................
409,292
21,075
Galliford
Try
Holdings
Plc
........
151,111
36,916
Games
Workshop
Group
Plc
......
8,612,638
1,726
Gaming
Realms
Plc(a)
...........
945
50,792
Global
Ship
Lease,
Inc.
-
Class
A
...
1,906,732
1,411
Gooch
&
Housego
Plc
...........
13,515
378,222
GSK
Plc
.....................
9,711,639
321,336
Halfords
Group
Plc
.............
660,430
19,000
Halma
Plc
....................
921,392
22,413
Hargreaves
Services
Plc
..........
230,016
23,300
Hikma
Pharmaceuticals
Plc
.......
487,484
43,842
Hill
&
Smith
Plc
...............
1,337,804
106,680
Howden
Joinery
Group
Plc
.......
1,221,816
469,744
Hunting
Plc
..................
2,841,062
17,220
ICG
Plc
.....................
427,668
327,866
IG
Group
Holdings
Plc
..........
6,065,551
300,968
IHS
Holding
Ltd.(a)
............
2,404,734
14,349
IMI
Plc
......................
542,304
44,850
Immunocore
Holdings
Plc
-
ADR(a)
1,459,867
203,521
Impax
Asset
Management
Group
Plc
452,264
495,503
Inchcape
Plc
..................
5,536,046
Shares
Value
UNITED
KINGDOM
(continued)
493,692
IntegraFin
Holdings
Plc(c)
........
$
2,374,535
13,670
InterContinental
Hotels
Group
Plc
.
1,842,716
2,536,352
International
Consolidated
Airlines
Group
SA
................
14,506,193
26,530
International
Personal
Finance
Plc
..
85,310
9,900
Intertek
Group
Plc
.............
604,723
5,161,165
ITV
Plc
......................
5,738,103
5,481,208
JD
Sports
Fashion
Plc
...........
6,133,673
540,102
JET2
Plc
.....................
9,142,031
391,497
Johnson
Matthey
Plc
............
12,642,636
122,502
Johnson
Service
Group
Plc
........
235,682
906,422
Jupiter
Fund
Management
Plc
.....
2,326,808
392,087
Kainos
Group
Plc
..............
4,828,610
411,619
Keller
Group
Plc
...............
9,980,593
1,180,691
Kier
Group
Plc
................
3,610,863
2,823,157
Kingfisher
Plc
.................
13,037,851
79,665
Lion
Finance
Group
Plc
..........
10,999,069
75,408
Liontrust
Asset
Management
Plc
...
243,516
8,802,175
Lloyds
Banking
Group
Plc
........
13,122,435
2,587,018
Man
Group
Plc
................
9,302,978
835,040
Marston's
Plc(a)
...............
690,147
28,220
McBride
Plc
..................
61,938
72,175
Mears
Group
Plc
...............
362,945
3,711,849
Mitie
Group
Plc
...............
8,512,586
565,584
MONY
Group
Plc
..............
1,444,129
165,786
Moonpig
Group
Plc
.............
486,600
232,000
Morgan
Advanced
Materials
Plc
....
726,977
164,100
Morgan
Sindall
Group
Plc
........
11,070,129
36,911
MP
Evans
Group
Plc
............
659,119
1,472,459
NatWest
Group
Plc
.............
13,402,711
228,091
Next
15
Group
Plc
.............
1,093,940
10,136
Next
Plc
.....................
1,839,802
179,985
Ninety
One
Plc
................
622,602
2,626
Odfjell
Technology
Ltd.
..........
15,951
30,511
On
the
Beach
Group
Plc(c)(d)
.....
91,432
1,535,794
OSB
Group
Plc
................
12,829,680
59,769
Oxford
Metrics
Plc(a)
...........
47,108
627,544
Paragon
Banking
Group
Plc
.......
7,625,255
110,796
Pearson
Plc
...................
1,451,492
3,260
Pentair
Plc
....................
343,506
374,385
Pets
at
Home
Group
Plc
.........
1,048,145
73,152
Pharos
Energy
Plc
..............
21,821
1,314,752
Picton
Property
Income
Ltd.
REIT
.
1,493,204
295,239
Polar
Capital
Holdings
Plc
........
2,387,583
511,173
Primary
Health
Properties
Plc
REIT
.
724,644
567,980
QinetiQ
Group
Plc
.............
3,897,635
926,440
Quilter
Plc(c)(d)
...............
2,463,130
134,617
Rank
Group
Plc
...............
162,283
19,737
Renew
Holdings
Plc
............
253,327
55,870
Renishaw
Plc
..................
2,905,089
867,634
Rightmove
Plc
.................
5,869,650
197,400
Rotork
Plc
....................
955,117
80,556
RS
GROUP
Plc
................
738,533
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
UNITED
KINGDOM
(continued)
524
S&U
Plc
.....................
$
16,993
308,649
S4
Capital
Plc
.................
111,920
391,829
Safestore
Holdings
Plc
REIT
......
4,434,037
82,220
Savills
Plc
....................
1,212,812
198,628
Serco
Group
Plc
...............
815,378
25,190
Smiths
Group
Plc
..............
865,165
74,224
Smiths
News
Plc
...............
69,470
300,871
Softcat
Plc
....................
5,887,265
437,519
Speedy
Hire
Plc
................
153,262
266,436
SSP
Group
Plc
................
667,542
4,292
Stolt-Nielsen
Ltd.
..............
134,814
7,763
Tatton
Asset
Management
Plc
.....
72,233
78,200
TechnipFMC
Plc
...............
4,357,304
34,014
Telecom
Plus
Plc
...............
619,954
2,201,949
Tesco
Plc
.....................
12,811,433
969,075
TP
ICAP
Group
Plc
............
3,381,386
324,661
Trainline
Plc(a)(c)(d)
............
908,047
2,050,447
Trustpilot
Group
Plc(a)(c)(d)
......
5,168,153
684,211
Vesuvius
Plc
..................
4,302,960
651,509
Vistry
Group
Plc(a)
.............
5,930,207
140,892
Watkin
Jones
Plc(a)
.............
56,005
484,288
Wickes
Group
Plc
..............
1,510,900
523,449
XPS
Pensions
Group
Plc(c)
.......
2,478,265
16,973
Zotefoams
Plc
.................
96,152
420,837,565
UNITED
STATES
—
38.3%
170,736
A10
Networks,
Inc.
.............
2,977,636
304,121
Academy
Sports
&
Outdoors,
Inc.
..
16,729,696
149,600
ACADIA
Pharmaceuticals,
Inc.(a)
..
3,759,448
127,332
ACI
Worldwide,
Inc.(a)
..........
5,521,116
55,716
ACM
Research,
Inc.
-
Class
A(a)
...
3,238,214
8,348
Acuity,
Inc.
...................
2,581,536
528,400
Adamas
Trust,
Inc.
REIT
.........
4,227,200
480,861
AdaptHealth
Corp.(a)
...........
4,832,653
176,473
ADMA
Biologics,
Inc.(a)
.........
3,052,983
53,540
Adtalem
Global
Education,
Inc.(a)
..
5,544,067
49,629
Advanced
Energy
Industries,
Inc.
...
12,673,261
2,880
AECOM
.....................
277,718
2,645
Aflac,
Inc.
....................
293,463
25,704
Agilysys,
Inc.(a)
................
2,229,822
14,340
Alexander's,
Inc.
REIT
..........
3,511,866
4,920
Alliant
Energy
Corp.
............
324,277
1,450
Allstate
Corp.
(The)
.............
288,536
150,208
Amalgamated
Financial
Corp.
.....
5,834,079
124,000
Amentum
Holdings,
Inc.(a)
.......
4,436,720
26,505
American
Airlines
Group,
Inc.(a)
...
352,517
254,837
American
Assets
Trust,
Inc.
REIT
...
4,602,356
224,693
American
Eagle
Outfitters,
Inc.
....
5,237,594
43,100
American
States
Water
Co.
........
3,144,576
840
Ameriprise
Financial,
Inc.
........
442,840
290,693
Ameris
Bancorp
................
23,435,670
120,747
Amphastar
Pharmaceuticals,
Inc.(a)
.
3,198,588
Shares
Value
UNITED
STATES
(continued)
57,722
ANI
Pharmaceuticals,
Inc.(a)
......
$
4,724,546
185,261
APA
Corp.
...................
4,892,743
1,012,780
API
Group
Corp.(a)
............
42,101,265
80,908
Apogee
Enterprises,
Inc.
..........
3,004,114
1,465
Appfolio,
Inc.
-
Class
A(a)
........
278,174
61,674
Applied
Industrial
Technologies,
Inc.
16,060,526
1,755
AppLovin
Corp.
-
Class
A(a)
......
830,308
64,452
ArcBest
Corp.
.................
5,814,859
40,308
Arcosa,
Inc.
...................
4,614,057
45,792
Armstrong
World
Industries,
Inc.
...
8,413,822
2,585
Arrow
Electronics,
Inc.(a)
........
342,487
77,679
Arrowhead
Pharmaceuticals,
Inc.(a)
.
5,385,485
13,025
Asbury
Automotive
Group,
Inc.(a)
..
3,054,493
128,075
ASGN,
Inc.(a)
.................
6,671,427
118,393
Associated
Banc-Corp.
...........
3,227,393
1,470
Assurant,
Inc.
.................
350,051
107,400
Atlantic
Union
Bankshares
Corp.
...
4,171,416
1,535
AvalonBay
Communities,
Inc.
REIT
272,723
1,635
Avery
Dennison
Corp.
...........
303,309
80,571
Avista
Corp.
..................
3,326,777
37,711
Axcelis
Technologies,
Inc.(a)
.......
3,321,208
224,184
Axogen,
Inc.(a)
................
7,812,812
10,165
Axon
Enterprise,
Inc.(a)
..........
4,915,591
73,814
Axos
Financial,
Inc.(a)
...........
7,306,848
29,273
AZZ,
Inc.
....................
3,638,341
107,824
Badger
Meter,
Inc.
..............
15,804,842
7,500
Baker
Hughes
Co.
..............
420,300
21,017
Balchem
Corp.
................
3,576,463
385,982
Banc
of
California,
Inc.
..........
7,711,920
52,139
Bancorp,
Inc.
(The)(a)
...........
3,099,142
23,764
Bank
First
Corp.
...............
3,316,029
5,470
Bank
of
New
York
Mellon
Corp.
(The)
655,962
120,962
BankUnited,
Inc.
...............
5,742,066
68,773
Bel
Fuse,
Inc.
-
Class
B
..........
13,836,440
65,368
Benchmark
Electronics,
Inc.
.......
3,408,288
390,855
Bentley
Systems,
Inc.
-
Class
B
.....
13,726,828
4,030
Best
Buy
Co.,
Inc.
..............
262,353
85,932
BioMarin
Pharmaceutical,
Inc.(a)
...
4,858,595
58,434
Bio-Techne
Corp.
..............
3,745,035
334,469
BJ's
Wholesale
Club
Holdings,
Inc.(a)
30,918,314
58,346
BlackLine,
Inc.(a)
..............
2,711,339
87,104
Bloom
Energy
Corp.
-
Class
A(a)
...
13,184,932
23,478
Boot
Barn
Holdings,
Inc.(a)
.......
4,190,353
256,293
Booz
Allen
Hamilton
Holding
Corp.
22,661,427
238,618
BorgWarner,
Inc.
...............
11,312,879
122,864
Box,
Inc.
-
Class
A(a)
............
3,114,602
69,558
Bread
Financial
Holdings,
Inc.
.....
5,045,737
101,571
Bright
Horizons
Family
Solutions,
Inc.
(a)
......................
9,408,522
882,235
BrightView
Holdings,
Inc.(a)
......
11,786,660
67,440
Brinker
International,
Inc.(a)
......
10,636,637
179,130
Broadstone
Net
Lease,
Inc.
REIT
...
3,315,696
12,843
Brookfield
Renewable
Corp.
.......
534,885
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
UNITED
STATES
(continued)
43,377
Brunswick
Corp.
...............
$
3,479,703
120,078
BWX
Technologies,
Inc.
..........
24,667,624
44,899
BXP,
Inc.
REIT
................
2,903,618
725
CACI
International,
Inc.
-
Class
A(a)
449,921
259,657
Cactus,
Inc.
-
Class
A
............
14,600,513
361,638
Cadence
Bank
.................
15,228,576
84,756
California
Resources
Corp.
........
4,534,446
63,886
Calix,
Inc.(a)
..................
2,853,788
57,896
Cal-Maine
Foods,
Inc.
...........
4,836,053
8,190
Campbell's
Co.
(The)
............
229,156
486,687
Cargurus,
Inc.(a)
...............
15,768,659
87,024
Carlisle
Cos.,
Inc.
..............
29,665,611
149,355
CarMax,
Inc.(a)
................
6,652,272
101,915
Carter's,
Inc.
..................
3,527,278
71,157
Cathay
General
Bancorp
.........
3,641,815
31,756
Cavco
Industries,
Inc.(a)
.........
15,624,587
1,340,735
CCC
Intelligent
Solutions
Holdings,
Inc.(a)
...................
10,162,771
147,985
CDW
Corp.
..................
18,703,824
103,653
Central
Garden
&
Pet
Co.
-
Class
A(a)
3,179,038
99,651
Central
Pacific
Financial
Corp.
.....
3,245,633
102,149
Century
Aluminum
Co.(a)
........
4,630,414
3,330
CH
Robinson
Worldwide,
Inc.
.....
649,184
47,253
Champion
Homes,
Inc.(a)
........
3,703,690
20,523
Charles
River
Laboratories
International,
Inc.(a)
........
4,319,681
47,944
Cheesecake
Factory,
Inc.
(The)
.....
2,778,834
2,600
Cheniere
Energy,
Inc.
...........
549,952
39,268
Churchill
Downs,
Inc.
...........
3,862,400
25,194
City
Holding
Co.
..............
3,101,129
180,517
Clean
Harbors,
Inc.(a)
...........
46,918,173
96,137
Clear
Secure,
Inc.
-
Class
A
.......
3,135,989
179,389
Clearway
Energy,
Inc.
-
Class
C
....
6,484,912
357,303
Coeur
Mining,
Inc.(a)
...........
7,303,273
9,240
Cognex
Corp.
.................
357,958
3,715
Cognizant
Technology
Solutions
Corp.
-
Class
A
.................
304,853
97,655
Collegium
Pharmaceutical,
Inc.(a)
..
4,484,318
87,125
Columbia
Sportswear
Co.
........
4,816,270
16,029
Comfort
Systems
USA,
Inc.
.......
18,306,721
4,961
Commerce
Bancshares,
Inc.
.......
261,147
116,034
CONMED
Corp.
..............
4,454,545
148,758
Construction
Partners,
Inc.
-
Class
A(a)
....................
16,345,529
185,676
Cooper
Cos.,
Inc.
(The)(a)
........
15,110,313
75,759
Corcept
Therapeutics,
Inc.(a)
......
3,020,511
497,332
Core
&
Main,
Inc.
-
Class
A(a)
....
26,537,636
127,404
Corebridge
Financial,
Inc.
........
3,927,865
164,918
CoreCivic,
Inc.(a)
..............
3,055,931
55,917
CorVel
Corp.(a)
...............
3,893,501
66,309
Cracker
Barrel
Old
Country
Store,
Inc.
1,997,227
105,737
Crane
Co.
....................
19,311,806
Shares
Value
UNITED
STATES
(continued)
61,184
Credo
Technology
Group
Holding
Ltd.(a)
...................
$
7,665,132
3,060
Crown
Castle,
Inc.
REIT
.........
265,639
3,125
Crown
Holdings,
Inc.
...........
327,125
42,590
CSW
Industrials,
Inc.
...........
11,498,448
71,843
CTS
Corp.
...................
3,693,449
120,030
Cullen/Frost
Bankers,
Inc.
........
16,542,535
21,649
Curtiss-Wright
Corp.
............
14,216,682
430,253
Cushman
&
Wakefield
Ltd.(a)
.....
7,073,359
686,498
CVB
Financial
Corp.
............
13,530,876
6,575
Daily
Journal
Corp.(a)
...........
3,855,383
206,922
Dana,
Inc.
....................
5,980,046
748,335
Dauch
Corpor
ation(a)
...........
5,964,230
2,235
DaVita,
Inc.(a)
................
244,375
49,092
Deckers
Outdoor
Corp.(a)
........
5,858,639
88,161
Devon
Energy
Corp.
............
3,544,954
66,893
Digi
International,
Inc.(a)
........
2,881,082
1,595
Digital
Realty
Trust,
Inc.
REIT
....
264,690
70,306
DigitalOcean
Holdings,
Inc.(a)
....
3,884,406
242,009
Diodes,
Inc.(a)
................
14,324,513
27,000
Diversified
Energy
Co.
...........
352,460
222,019
DNOW,
Inc.(a)
................
3,372,469
2,450
Dollar
General
Corp.
............
351,404
2,900
Dollar
Tree,
Inc.(a)
.............
341,011
665
Domino's
Pizza,
Inc.
............
272,869
148,414
Dorman
Products,
Inc.(a)
........
18,433,019
286,154
DoubleVerify
Holdings,
Inc.(a)
....
3,096,186
588,969
Douglas
Emmett,
Inc.
REIT
......
6,219,513
11,740
Dropbox,
Inc.
-
Class
A(a)
........
299,135
525
Duolingo,
Inc.(a)
...............
70,381
126,047
D-Wave
Quantum,
Inc.(a)
........
2,674,717
23,732
Dycom
Industries,
Inc.(a)
........
8,647,703
1,395
Eagle
Materials,
Inc.
............
284,315
3,440
East
West
Bancorp,
Inc.
..........
393,674
357,278
Eastern
Bankshares,
Inc.
.........
7,318,840
123,899
Eastman
Chemical
Co.
..........
8,588,679
4,800
eBay,
Inc.
....................
437,856
55,371
EchoStar
Corp.
-
Class
A(a)
.......
6,269,105
893,194
Element
Solutions,
Inc.
..........
25,991,945
712,061
Empire
State
Realty
Trust,
Inc.
-
Class
A
REIT
..................
4,720,964
3,085
Encompass
Health
Corp.
.........
291,625
135,481
Encore
Capital
Group,
Inc.(a)
.....
7,478,551
254,935
Enerpac
Tool
Group
Corp.
........
10,289,177
113,600
Enphase
Energy,
Inc.(a)
..........
4,200,928
61,786
Enpro,
Inc.
...................
14,753,261
132,265
Ensign
Group,
Inc.
(The)
.........
22,704,610
108,094
Entegris,
Inc.
..................
12,762,659
3,430
Entergy
Corp.
.................
328,903
34,558
ePlus,
Inc.
....................
2,965,422
118,010
Equifax,
Inc.
..................
23,767,214
71,463
Equitable
Holdings,
Inc.
.........
3,315,883
3,915
Equity
Residential
REIT
.........
243,983
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
UNITED
STATES
(continued)
209,773
Esab
Corp.
...................
$
25,403,510
75,170
ESCO
Technologies,
Inc.
.........
17,151,539
1,135
Essex
Property
Trust,
Inc.
REIT
....
285,872
139,921
Etsy,
Inc.(a)
...................
7,410,216
2,730
Euronet
Worldwide,
Inc.(a)
.......
197,816
60,841
Everus
Construction
Group,
Inc.(a)
.
5,383,820
248,605
ExlService
Holdings,
Inc.(a)
.......
9,732,886
2,045
Expedia
Group,
Inc.
............
541,598
2,805
Expeditors
International
of
Washington,
Inc.
...........
450,315
1,980
Extra
Space
Storage,
Inc.
REIT
....
273,181
1,415
F5,
Inc.(a)
....................
389,988
8,360
Fastenal
Co.
..................
362,490
190,960
Federal
Signal
Corp.
............
20,640,866
229,351
First
Hawaiian,
Inc.
.............
6,089,269
135,721
First
Horizon
Corp.
.............
3,323,807
137,160
First
Interstate
BancSystem,
Inc.
-
Class
A
..................
4,865,065
131,407
FirstCash
Holdings,
Inc.
.........
22,404,893
292,461
Flowers
Foods,
Inc.
.............
3,342,829
269,205
FormFactor,
Inc.(a)
.............
18,976,260
63,583
Fortune
Brands
Innovations,
Inc.
...
3,439,840
6,935
Fox
Corp.
-
Class
A
.............
504,729
107,582
Frontdoor,
Inc.(a)
..............
6,359,172
267,623
Fulton
Financial
Corp.
...........
5,526,415
14,202
Gartner,
Inc.(a)
................
2,976,881
284,710
Gates
Industrial
Corp.
Plc(a)
......
6,554,024
10,870
Gen
Digital,
Inc.
...............
260,771
2,240
Generac
Holdings,
Inc.(a)
........
376,410
5,090
General
Mills,
Inc.
..............
235,463
129,199
Gentherm,
Inc.(a)
..............
4,129,200
851,363
Genworth
Financial,
Inc.(a)
.......
7,100,367
63,675
Gibraltar
Industries,
Inc.(a)
.......
3,263,980
374,959
Global
Net
Lease,
Inc.
REIT
......
3,547,112
175,070
Globus
Medical,
Inc.
-
Class
A(a)
...
15,875,348
1,690
GoDaddy,
Inc.
-
Class
A(a)
.......
169,879
42,310
Granite
Construction,
Inc.
........
5,108,509
48,219
Green
Brick
Partners,
Inc.(a)
......
3,345,916
136,227
Griffon
Corp.
.................
11,095,689
7,541
Group
1
Automotive,
Inc.
........
2,671,475
46,093
Guidewire
Software,
Inc.(a)
.......
6,488,051
93,555
Hamilton
Lane,
Inc.
-
Class
A
.....
13,213,708
226,641
Hancock
Whitney
Corp.
.........
15,592,901
17,307
Hanover
Insurance
Group,
Inc.
(The)
3,013,841
1,710
Hartford
Insurance
Group,
Inc.
(The)
230,953
5,010
Hasbro,
Inc.
..................
447,443
22,242
Hawkins,
Inc.
.................
2,897,020
129,471
HB
Fuller
Co.
.................
7,781,207
11,235
HCI
Group,
Inc.
...............
1,782,657
200,804
Healthcare
Realty
Trust,
Inc.
REIT
..
3,371,499
168,232
Healthcare
Services
Group,
Inc.(a)
..
3,166,126
180,670
HealthEquity,
Inc.(a)
............
15,477,999
739,054
Hecla
Mining
Co.
..............
16,643,496
Shares
Value
UNITED
STATES
(continued)
114,496
Helios
Technologies,
Inc.
.........
$
7,417,051
1,810
Hershey
Co.
(The)
..............
352,498
95,468
HF
Sinclair
Corp.
..............
4,963,381
219,615
Highwoods
Properties,
Inc.
REIT
...
5,677,048
165,032
Hilltop
Holdings,
Inc.
...........
6,180,448
1,125
Hilton
Worldwide
Holdings,
Inc.
...
335,824
14,000
Hingham
Institution
For
Savings
The
4,178,300
76,060
HNI
Corp.
...................
3,634,907
69,787
Horace
Mann
Educators
Corp.
.....
3,127,155
74,810
Hub
Group,
Inc.
-
Class
A
........
3,559,460
725
Hubbell,
Inc.
..................
353,757
37,247
ICF
International,
Inc.
...........
3,473,283
58,601
IDEXX
Laboratories,
Inc.(a)
......
39,289,626
21,909
Impinj,
Inc.(a)
.................
3,025,633
4,375
Incyte
Corp.(a)
................
437,806
135,462
Indivior
Pharmaceuticals,
Inc.(a)
...
4,792,646
55,257
Ingevity
Corp.(a)
...............
3,635,358
63,469
Innovative
Industrial
Properties,
Inc.
REIT
...................
3,066,822
208,734
Innovex
International,
Inc.(a)
......
5,187,040
63,102
Insight
Enterprises,
Inc.(a)
........
5,301,830
70,554
Installed
Building
Products,
Inc.
....
20,329,430
1,554
Insulet
Corp.(a)
................
397,529
9,040
Interactive
Brokers
Group,
Inc.
-
Class
A
......................
676,915
84,871
InterDigital,
Inc.
...............
27,705,289
102,512
International
Seaways,
Inc.
........
6,114,841
128,340
Invitation
Homes,
Inc.
REIT
......
3,430,528
136,910
IonQ,
Inc.(a)
..................
5,473,662
217,100
Iridium
Communications,
Inc.
.....
4,324,632
2,530
Iron
Mountain,
Inc.
REIT
........
233,089
45,004
Itron,
Inc.(a)
..................
4,458,996
75,985
J
&
J
Snack
Foods
Corp.
.........
7,218,575
2,600
Jabil,
Inc.
....................
616,694
96,359
Jackson
Financial,
Inc.
-
Class
A
....
11,459,012
625
JB
Hunt
Transport
Services,
Inc.
...
126,700
396,993
JBG
SMITH
Properties
REIT
.....
6,685,362
155,279
JBT
Marel
Corp.
...............
24,426,939
2,865
JM
Smucker
Co.
(The)
..........
300,424
100,361
John
Wiley
&
Sons,
Inc.
-
Class
A
..
3,134,274
1,355
Jones
Lang
LaSalle,
Inc.(a)
........
484,968
38,200
Kadant,
Inc.
..................
12,263,728
29,809
Kaiser
Aluminum
Corp.
..........
3,655,180
111,368
Kennametal,
Inc.
...............
3,829,946
143,853
Keros
Therapeutics,
Inc.(a)
........
2,576,407
237,350
Keysight
Technologies,
Inc.(a)
.....
51,345,926
104,001
Kforce,
Inc.
...................
3,674,355
76,700
Kilroy
Realty
Corp.
REIT
........
2,644,616
22,940
Kinder
Morgan,
Inc.
............
699,441
16,367
Kinsale
Capital
Group,
Inc.
.......
6,479,368
158,321
Knowles
Corp.(a)
..............
3,837,701
208,001
Kohl's
Corp.
..................
3,633,777
50,093
Kontoor
Brands,
Inc.
............
2,992,055
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
UNITED
STATES
(continued)
45,836
Korn
Ferry
...................
$
3,184,227
69,159
Kratos
Defense
&
Security
Solutions,
Inc.(a)
...................
7,124,069
20,067
Krystal
Biotech,
Inc.(a)
..........
5,603,509
106,520
Labcorp
Holdings,
Inc.
..........
28,922,310
6,010
Lattice
Semiconductor
Corp.(a)
....
483,925
26,820
LCI
Industries
.................
3,934,226
2,235
Leidos
Holdings,
Inc.
............
420,806
37,382
LeMaitre
Vascular,
Inc.
..........
3,176,349
142,267
Levi
Strauss
&
Co.
-
Class
A
......
2,828,268
369,590
Liberty
Latin
America
Ltd.
-
Class
C(a)
....................
2,875,410
60,077
Ligand
Pharmaceuticals,
Inc.(a)
....
11,540,792
169,618
Light
&
Wonder,
Inc.(a)
.........
19,675,688
83,692
Limbach
Holdings,
Inc.(a)
........
7,195,838
1,445
Lincoln
Electric
Holdings,
Inc.
.....
383,431
187,734
Lincoln
National
Corp.
..........
7,811,612
12,038
Littelfuse,
Inc.
.................
3,897,423
212,233
Live
Nation
Entertainment,
Inc.(a)
..
30,869,290
105,059
LiveRamp
Holdings,
Inc.(a)
.......
2,558,187
122,000
LKQ
Corp.
...................
4,007,700
3,555
Loews
Corp.
..................
375,301
597,802
Lumen
Technologies,
Inc.(a)
......
5,272,614
87,002
LXP
Industrial
Trust
REIT
........
4,310,949
1,700
M&T
Bank
Corp.
..............
376,669
24,037
M/I
Homes,
Inc.(a)
.............
3,213,747
113,730
MACOM
Technology
Solutions
Holdings,
Inc.(a)
...........
24,913,694
58,470
Madison
Square
Garden
Entertainment
Corp.(a)
......
3,617,539
15,182
Madison
Square
Garden
Sports
Corp.
(a)
......................
4,304,856
754,380
Magnolia
Oil
&
Gas
Corp.
-
Class
A
19,244,234
150,918
Manhattan
Associates,
Inc.(a)
......
22,790,127
4,930
Masco
Corp.
..................
325,824
2,565
MasTec,
Inc.(a)
................
616,831
198,958
Matador
Resources
Co.
..........
9,000,860
9,440
Match
Group,
Inc.
..............
294,056
28,470
Materion
Corp.
................
3,936,832
30,334
Matson,
Inc.
..................
4,862,540
4,340
McCormick
&
Co,
Inc.
..........
268,342
283,462
MDU
Resources
Group,
Inc.
......
5,813,806
64,378
Medpace
Holdings,
Inc.(a)
........
37,498,897
191,171
Mercury
Systems,
Inc.(a)
.........
17,947,133
111,932
Merit
Medical
Systems,
Inc.(a)
.....
9,076,566
55,026
Meritage
Homes
Corp.
..........
3,824,857
3,805
MetLife,
Inc.
..................
300,138
245
Mettler-Toledo
International,
Inc.(a)
336,444
117,991
Millrose
Properties,
Inc.
REIT
.....
3,516,132
196,556
Mirion
Technologies,
Inc.(a)
......
4,882,451
70,880
MKS,
Inc.
....................
16,685,861
75,859
Modine
Manufacturing
Co.(a)
.....
14,008,123
35,200
Mohawk
Industries,
Inc.(a)
.......
4,166,976
Shares
Value
UNITED
STATES
(continued)
178,319
Monro,
Inc.
..................
$
3,338,132
22,511
Moog,
Inc.
-
Class
A
............
6,873,734
44,225
MSA
Safety,
Inc.
...............
7,834,459
184,389
Mueller
Industries,
Inc.
..........
25,102,718
128,459
Mueller
Water
Products,
Inc.
-
Class
A
3,477,385
331,595
Murphy
Oil
Corp.
..............
9,977,694
36,292
Murphy
USA,
Inc.
..............
15,333,733
17,849
MYR
Group,
Inc.(a)
............
4,462,964
508,614
Nasdaq,
Inc.
..................
49,279,610
143,586
National
Bank
Holdings
Corp.
-
Class
A
......................
5,769,285
38,283
National
Fuel
Gas
Co.
...........
3,206,201
23,298
National
HealthCare
Corp.
.......
3,334,177
173,501
National
Storage
Affiliates
Trust
REIT
5,519,067
107,428
National
Vision
Holdings,
Inc.(a)
...
2,830,728
2,715
NetApp,
Inc.
..................
261,590
113,283
NetScout
Systems,
Inc.(a)
........
3,150,400
397,247
NETSTREIT
Corp.
............
7,484,133
2,310
Neurocrine
Biosciences,
Inc.(a)
....
314,299
10,110
News
Corp.
-
Class
A
............
273,273
59,716
Nextpower,
Inc.
-
Class
A(a)
.......
6,992,146
24,278
Nicolet
Bankshares,
Inc.
..........
3,544,102
8,660
NiSource,
Inc.
.................
383,551
102,410
Noble
Corp.
Plc
...............
3,647,844
3,680
Northern
Trust
Corp.
...........
549,902
67,227
Northwest
Natural
Holding
Co.
....
3,130,089
85,395
Novanta,
Inc.(a)
...............
11,489,043
119,856
NRG
Energy,
Inc.
..............
18,293,621
39
NVR,
Inc.(a)
..................
297,793
158,180
OceanFirst
Financial
Corp.
.......
2,965,875
44,887
Oklo,
Inc.(a)
..................
3,573,903
2,915
Okta,
Inc.(a)
..................
246,259
1,765
Old
Dominion
Freight
Line,
Inc.
...
305,698
667,179
Old
National
Bancorp
...........
16,299,183
3,975
Omnicom
Group,
Inc.
...........
306,234
63,727
ON
Semiconductor
Corp.(a)
......
3,816,610
79,955
Onto
Innovation,
Inc.(a)
.........
16,154,908
114,455
Openlane,
Inc.(a)
..............
3,438,228
11,898
OSI
Systems,
Inc.(a)
............
2,976,166
625
Owens
Corning
................
74,900
4,845
Palantir
Technologies,
Inc.
-
Class
A(a)
710,229
72,030
Palomar
Holdings,
Inc.(a)
........
8,902,188
75,614
Papa
John's
International,
Inc.
.....
2,659,344
122,573
Par
Pacific
Holdings,
Inc.(a)
.......
4,625,905
19,472
Park
National
Corp.
............
3,172,768
85,368
Patrick
Industries,
Inc.
...........
10,770,881
2,185
Paychex,
Inc.
..................
225,339
1,690
Paycom
Software,
Inc.
...........
227,728
1,765
Paylocity
Holding
Corp.(a)
.......
238,240
145,955
Pediatrix
Medical
Group,
Inc.(a)
...
3,120,518
141,941
Penguin
Solutions,
Inc.(a)
........
2,726,687
316,830
Perimeter
Solutions,
Inc.(a)
.......
8,285,105
80,908
Phibro
Animal
Health
Corp.
-
Class
A
3,248,456
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
UNITED
STATES
(continued)
187,991
Phillips
Edison
&
Co.,
Inc.
REIT
...
$
6,810,914
81,734
Phinia,
Inc.
...................
5,817,009
120,559
Photronics,
Inc.(a)
..............
4,167,725
474,200
Piedmont
Realty
Trust,
Inc.
REIT
..
3,992,764
32,003
Pinnacle
Financial
Partners,
Inc.
....
3,043,165
3,250
Pinnacle
West
Capital
Corp.
......
304,070
309,716
Pitney
Bowes,
Inc.
..............
3,230,338
64,310
PJT
Partners,
Inc.
-
Class
A
.......
11,127,559
186,428
Planet
Fitness,
Inc.
-
Class
A(a)
....
16,972,405
23,498
Plexus
Corp.(a)
................
4,683,856
69,626
Polaris,
Inc.
...................
4,444,924
960
Pool
Corp.
...................
243,926
11,200
Powell
Industries,
Inc.
...........
4,968,208
99,974
Power
Integrations,
Inc.
..........
4,592,806
187,385
Prestige
Consumer
Healthcare,
Inc.(a)
12,080,711
12,250
Primerica,
Inc.
.................
3,222,240
32,200
Primoris
Services
Corp.
..........
4,773,650
4,325
Principal
Financial
Group,
Inc.
.....
409,664
93,349
Progress
Software
Corp.(a)
........
3,819,841
49,762
Protagonist
Therapeutics,
Inc.(a)
...
4,070,532
2,965
Prudential
Financial,
Inc.
.........
329,441
52,400
PTC
Therapeutics,
Inc.(a)
........
3,957,772
825
Public
Storage
REIT
............
227,857
5,745
Pure
Storage,
Inc.
-
Class
A(a)
.....
399,507
243,392
Q2
Holdings,
Inc.(a)
............
14,907,760
36,364
QCR
Holdings,
Inc.
............
3,282,215
855
Quanta
Services,
Inc.
............
405,809
1,815
Quest
Diagnostics,
Inc.
..........
339,459
211,989
QuinStreet,
Inc.(a)
.............
2,817,334
123,277
Radian
Group,
Inc.
.............
4,055,813
266,024
RadNet,
Inc.(a)
................
18,648,282
76,335
Ralliant
Corp.
.................
4,043,465
1,025
Ralph
Lauren
Corp.
.............
362,245
45,284
Rambus,
Inc.(a)
................
5,154,678
39,610
RBC
Bearings,
Inc.(a)
...........
19,791,929
81,494
Red
Rock
Resorts,
Inc.
-
Class
A
....
5,144,716
93,432
Reddit,
Inc.
-
Class
A(a)
..........
16,842,987
20,807
Regal
Rexnord
Corp.
............
3,360,331
1,605
Reinsurance
Group
of
America,
Inc.
.
325,414
980
Reliance,
Inc.
.................
322,910
1,220
ResMed,
Inc.
..................
315,138
34,454
Revvity,
Inc.
..................
3,748,595
95,034
REX
American
Resources
Corp.(a)
..
3,213,100
124,318
Rigetti
Computing,
Inc.(a)
........
2,258,858
283,345
Robert
Half,
Inc.
...............
9,806,570
230,719
Rollins,
Inc.
..................
14,613,741
1,125
Royal
Caribbean
Cruises
Ltd.
......
365,231
2,025
Royal
Gold,
Inc.
...............
533,203
56,404
Rush
Enterprises,
Inc.
-
Class
A
....
3,620,573
457,975
Ryan
Specialty
Holdings,
Inc.
......
22,111,033
119,849
Ryman
Hospitality
Properties,
Inc.
REIT
...................
11,349,700
75,836
S&T
Bancorp,
Inc.
.............
3,233,647
Shares
Value
UNITED
STATES
(continued)
114,548
Saia,
Inc.(a)
...................
$
38,358,689
199,688
Sally
Beauty
Holdings,
Inc.(a)
.....
3,039,251
60,084
Sanmina
Corp.(a)
..............
8,512,701
1,220
SBA
Communications
Corp.
REIT
.
224,614
119,581
Schneider
National,
Inc.
-
Class
B
..
3,209,554
112,338
Scholastic
Corp.
...............
3,928,460
707
Seaboard
Corp.
................
3,593,172
86,140
Semtech
Corp.(a)
..............
6,869,665
90,033
Sensata
Technologies
Holding
Plc
...
3,114,241
123,860
Sensient
Technologies
Corp.
.......
11,707,247
67,754
Signet
Jewelers
Ltd.
.............
6,251,662
1,665
Simon
Property
Group,
Inc.
REIT
..
318,531
83,820
Simpson
Manufacturing
Co.,
Inc.
..
14,817,700
635,100
SITE
Centers
Corp.
REIT
........
3,886,812
5,903
SiTime
Corp.(a)
...............
2,143,438
32,302
SkyWest,
Inc.(a)
...............
3,117,789
5,395
Skyworks
Solutions,
Inc.
.........
300,825
131,239
SLM
Corp.
...................
3,563,139
141,951
Solaris
Energy
Infrastructure,
Inc.
...
7,834,276
161,647
Sonos,
Inc.(a)
.................
2,319,634
139,193
SOUTHSTATE
BANK
Corp.
.....
14,243,620
38,714
Southwest
Gas
Holdings,
Inc.
.....
3,206,293
37,692
Spire,
Inc.
....................
3,184,597
119,490
SPS
Commerce,
Inc.(a)
..........
10,665,677
38,850
SPX
Technologies,
Inc.(a)
........
8,096,729
52,175
St
Joe
Co.
(The)
................
3,453,463
448,512
STAG
Industrial,
Inc.
REIT
.......
16,823,685
84,070
Standard
Motor
Products,
Inc.
.....
3,356,915
781,848
StandardAero,
Inc.(a)
............
24,151,285
4,255
Stanley
Black
&
Decker,
Inc.
......
334,698
3,340
State
Street
Corp.
..............
437,072
48,191
Stellar
Bancorp,
Inc.
............
1,789,814
143,360
Stepan
Co.
...................
8,258,970
56,700
StepStone
Group,
Inc.
-
Class
A
....
4,008,123
184,653
STERIS
Plc
...................
48,489,878
126,640
StoneX
Group,
Inc.(a)
...........
14,216,606
39,580
Strategic
Education,
Inc.
.........
3,365,092
84,962
Stride,
Inc.(a)
.................
7,187,785
216,585
Sun
Country
Airlines
Holdings,
Inc.(a)
3,798,901
4,250
Tapestry,
Inc.
..................
539,368
46,440
Teleflex,
Inc.
..................
4,846,943
87,497
Telephone
and
Data
Systems,
Inc.
..
3,948,740
117,856
Teradata
Corp.(a)
..............
3,361,253
363,987
Terreno
Realty
Corp.
REIT
.......
22,399,760
99,735
Tetra
Tech,
Inc.
................
3,756,020
195,463
Texas
Capital
Bancshares,
Inc.(a)
...
19,774,992
192,560
Texas
Roadhouse,
Inc.
...........
34,633,842
131,112
TG
Therapeutics,
Inc.(a)
.........
3,858,626
87,411
Tidewater,
Inc.(a)
..............
5,462,313
2,395
TKO
Group
Holdings,
Inc.
.......
485,179
1,075
Toll
Brothers,
Inc.
..............
155,327
6,340
Tractor
Supply
Co.
.............
322,579
323,173
Tradeweb
Markets,
Inc.
-
Class
A
...
33,309,441
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
Shares
Value
UNITED
STATES
(continued)
45,525
TransMedics
Group,
Inc.(a)
.......
$
6,099,212
94,714
Tri
Pointe
Homes,
Inc.(a)
.........
3,158,712
91,686
TriMas
Corp.
.................
3,187,922
4,955
Trimble,
Inc.(a)
................
334,958
203,895
TripAdvisor,
Inc.(a)
.............
2,709,765
78,908
Trustmark
Corp.
...............
3,355,168
90,830
TTM
Technologies,
Inc.(a)
.......
8,919,506
2,300
Twilio,
Inc.
-
Class
A(a)
..........
277,058
700
Ubiquiti,
Inc.
.................
385,994
95,329
UDR,
Inc.
REIT
...............
3,541,472
42,732
UFP
Technologies,
Inc.(a)
........
10,731,714
450,563
UL
Solutions,
Inc.
-
Class
A
.......
31,643,039
3,943
United
Airlines
Holdings,
Inc.(a)
...
403,448
102,975
United
Community
Banks,
Inc.
....
3,545,429
990
United
Therapeutics
Corp.(a)
......
464,795
478,696
Uniti
Group,
Inc.(a)
............
3,982,751
1,530
Universal
Health
Services,
Inc.
-
Class
B
.......................
307,928
40,280
Urban
Outfitters,
Inc.(a)
.........
2,853,838
569,456
US
Foods
Holding
Corp.(a)
.......
47,617,911
84,621
Valaris
Ltd.(a)
.................
4,885,170
270,258
Valley
National
Bancorp
.........
3,367,415
1,530
VeriSign,
Inc.
.................
373,672
1,065
Verisk
Analytics,
Inc.
............
231,595
101,337
Viasat,
Inc.(a)
.................
4,577,392
309,774
Viatris,
Inc.
...................
4,054,942
230,366
Viavi
Solutions,
Inc.(a)
..........
5,634,752
31,190
Vicor
Corp.(a)
.................
4,917,727
94,063
Victoria's
Secret
&
Co.(a)
........
5,127,374
87,490
Virtu
Financial,
Inc.
-
Class
A
.....
3,631,710
307,332
Vontier
Corp.
.................
11,524,950
83,130
Voya
Financial,
Inc.
.............
6,372,746
4,885
W
R
Berkley
Corp.
.............
335,013
331,602
Wabash
National
Corp.
..........
3,359,128
190,209
WaFd,
Inc.
...................
6,204,618
42,538
Warrior
Met
Coal,
Inc.
..........
3,798,643
815
Waters
Corp.(a)
................
302,137
24,322
WD-40
Co.
..................
5,623,976
379,554
Wendy's
Co.
(The)
.............
2,956,726
121,900
Werner
Enterprises,
Inc.
..........
4,175,075
518,729
Western
Union
Co.
(The)
........
4,860,491
22,692
WEX,
Inc.(a)
.................
3,492,299
3,010
Whirlpool
Corp.
...............
240,770
10,185
Williams
Cos,
Inc.
(The)
.........
685,043
358,064
WillScot
Holdings
Corp.
.........
7,172,022
29,322
Wingstop,
Inc.
................
7,782,938
23,361
Winmark
Corp.
................
10,528,569
100,979
Wolverine
World
Wide,
Inc.
......
1,789,348
55,415
Worthington
Enterprises,
Inc.
.....
3,079,412
70,400
WSFS
Financial
Corp.
...........
4,556,992
280
WW
Grainger,
Inc.
.............
302,383
103,549
Yelp,
Inc.(a)
...................
2,835,172
2,910
Yum!
Brands,
Inc.
..............
452,505
Shares
Value
UNITED
STATES
(continued)
1,015
Zebra
Technologies
Corp.
-
Class
A(a)
$
238,505
168,615
Ziff
Davis,
Inc.(a)
..............
6,444,465
188,731
Zurn
Elkay
Water
Solutions
Corp.
..
8,702,386
3,531,434,429
Total
Common
Stocks
(Cost
$6,631,299,539)
8,509,222,864
RIGHTS/WARRANTS
—
0.0%
AUSTRALIA
—
0.0%
404,624
29Metals
Ltd.,
Rights,
Expire
02/12/26(a)(e)
.............
21,132
MALAYSIA
—
0.0%
1,083,690
Top
Glove
Corp.
Bhd,
Warrants,
Expire
12/31/30(a)
.........
41,237
SPAIN
—
0.0%
18,304
ACS
Actividades
de
Construccion
y
Servicios
SA,
Rights,
Expire
02/09/26(a)(e)
.............
10,067
UNITED
STATES
—
0.0%
146,063
Aduro
Biotech
CVR,
Rights,
Expire
12/31/49(a)(b)(e)
...........
0
Total
Rights/Warrants
(Cost
$9,810)
72,436
EXCHANGE-TRADED
FUNDS
(f)
—
5.8%
135,212
iShares
Russell
2000
ETF
.........
35,107,796
844,571
State
Street
SPDR
S&P
Biotech
ETF
105,360,232
102,937
State
Street
SPDR
S&P
Oil
&
Gas
Exploration
&
Production
ETF
14,435,885
537,923
State
Street
SPDR
S&P
Regional
Banking
ETF
..............
37,014,482
385,254
State
Street
Utilities
Select
Sector
SPDR
ETF
...............
16,662,235
2,673,565
VanEck
Junior
Gold
Miners
ETF
...
331,762,681
Total
Exchange-Traded
Funds
(Cost
$258,832,455)
540,343,311
INVESTMENT
COMPANY
—
0.4%
33,042,889
Federated
Hermes
U.S.
Treasury
Cash
Reserves,
Premier
Class,
3.56%(g)
33,042,889
Total
Investment
Company
(Cost
$33,042,889)
33,042,889
Old
Westbury
Funds,
Inc.
Small
&
Mid
Cap
Strategies
Fund
Portfolio
of
Investments
-
(Continued)
January
31,
2026
(Unaudited)
The
following
abbreviations
are
used
in
the
report:
Principal
Amount
Value
CASH
SWEEP
—
1.5%
$
139,697,440
Citibank
-
U.S.
Dollars
on
Deposit
in
Custody
Account,
0.35%(g)
...
$
139,697,440
Total
Cash
Sweep
(Cost
$139,697,440)
139,697,440
TOTAL
INVESTMENTS
—
100.0%
(Cost
$7,062,882,133)
$
9,222,378,940
LIABILITIES
IN
EXCESS
OF
OTHER
ASSETS
—
(0.0)%
(2,943,930)
NET
ASSETS
—
100.0%
$
9,219,435,010
(a)
Non-income
producing
security.
(b)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
The
aggregate
value
of
fair
valued
securities
is
$574,984
which
is
0.01%
of
net
assets
and
the
cost
is
$56,707,162.
(c)
Security
offered
and
sold
outside
of
the
United
States,
and
thus
is
exempt
from
registration
under
Regulation
S
of
the
Securities
Act
of
1933.
(d)
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
(e).
(e)
These
securities
have
been
determined
to
be
illiquid
in
accordance
with
procedures
adopted
by
the
Fund’s
Board
of
Directors.
(f)
A
copy
of
the
underlying
funds’
financial
statements
is
available
upon
request.
(g)
The
rate
shown
represents
the
current
yield
as
of
January
31,
2026.
ADR
—
American
Depositary
Receipt
CVR
—
Contingent
Value
Right
ETF
—
Exchange-Traded
Fund
FOR
—
Foreign
Ownership
Restrictions
REIT
—
Real
Estate
Investment
Trust
SPDR
—
Standard
&
Poor's
Depositary
Receipt