| NVIDIA Corp. (NVDA) | $9.2B | 6.54% | 46,042,711 | -138,694 | Trimmed |
| Alphabet Inc. (GOOGL) | $7.9B | 5.58% | 22,003,226 | -694,122 | Trimmed |
| Apple Inc. (AAPL) | $6.0B | 4.26% | 20,750,612 | +820,920 | Added |
| Microsoft Corp. (MSFT) | $5.9B | 4.16% | 15,714,701 | +274,227 | Added |
| Broadcom Inc. (AVGO) | $4.1B | 2.93% | 10,937,682 | -30,042 | Trimmed |
| Amazon.com Inc. (AMZN) | $3.5B | 2.49% | 14,718,678 | +455,343 | Added |
| Meta Platforms, Inc. (META) | $2.9B | 2.08% | 5,194,415 | +34,092 | Added |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.7B | 1.95% | 5,755,556 | -208,613 | Trimmed |
| Visa Inc. (V) | $2.6B | 1.86% | 7,633,949 | +724,022 | Added |
| JPMorgan Chase & Co. (JPM) | $2.1B | 1.52% | 6,567,996 | +27,550 | Added |
| Morgan Stanley (MS) | $2.1B | 1.52% | 10,226,529 | -18,140 | Trimmed |
| Arista Networks, Inc. (ANET) | $1.6B | 1.16% | 9,622,283 | -134,870 | Trimmed |
| Eli Lilly & Co. (LLY) | $1.5B | 1.09% | 1,277,161 | +108,134 | Added |
| Advanced Micro Devices Inc. (AMD) | $1.4B | 1.02% | 2,471,796 | +180,453 | Added |
| KLA Corp. (KLAC) | $1.3B | 0.90% | 4,210,450 | -75,380 | Trimmed |
| Coca-Cola Co. (KO) | $1.2B | 0.87% | 15,070,272 | +1,339,177 | Added |
| MercadoLibre, Inc. (MELI) | $1.1B | 0.79% | 657,753 | -39,333 | Trimmed |
| Mastercard Inc. (MA) | $1.1B | 0.77% | 2,121,797 | +93,578 | Added |
| Tapestry, Inc. (TPR) | $1.1B | 0.77% | 7,415,814 | +343,318 | Added |
| UnitedHealth Group Inc. (UNH) | $1.1B | 0.75% | 2,553,379 | +1,925,845 | Added |
| Alphabet Inc. (GOOG) | $992.0M | 0.70% | 2,807,655 | +36,191 | Added |
| NextEra Energy Inc. (NEE) | $980.0M | 0.69% | 11,165,403 | -945,581 | Trimmed |
| Micron Technology Inc. (MU) | $978.4M | 0.69% | 847,609 | +72,179 | Added |
| Monster Beverage Corp. (MNST) | $952.2M | 0.68% | 9,905,932 | -535,643 | Trimmed |
| Cadence Design Systems Inc. (CDNS) | $932.9M | 0.66% | 2,485,742 | +287,290 | Added |
| Parker-Hannifin Corp. (PH) | $912.0M | 0.65% | 932,407 | -50,447 | Trimmed |
| Johnson & Johnson (JNJ) | $905.0M | 0.64% | 3,563,268 | -281,030 | Trimmed |
| Vanguard S&P 500 (VOO) | $830.7M | 0.59% | 1,219,824 | +2,398 | Added |
| Thermo Fisher Scientific Inc. (TMO) | $764.7M | 0.54% | 1,525,255 | -203,185 | Trimmed |
| GE Vernova Inc. (GEV) | $726.7M | 0.52% | 618,568 | -79,139 | Trimmed |
| Bristol-Myers Squibb Co. (BMY) | $716.0M | 0.51% | 12,226,954 | -8,540 | Held |
| iShares Core S&P 500 ETF (IVV) | $713.8M | 0.51% | 959,161 | +54,797 | Added |
| Tesla, Inc. (TSLA) | $710.8M | 0.50% | 1,689,993 | +44,992 | Added |
| Sea Limited (SE) | $710.8M | 0.50% | 7,646,820 | +1,376,433 | Added |
| Stryker Corp. (SYK) | $667.4M | 0.47% | 2,119,907 | +742,735 | Added |
| Arm Holdings plc (ARM) | $664.2M | 0.47% | 1,873,306 | -1,951,039 | Trimmed |
| Palo Alto Networks Inc. (PANW) | $644.6M | 0.46% | 1,890,330 | -489,287 | Trimmed |
| Emerson Electric Co. (EMR) | $642.4M | 0.46% | 4,487,387 | -1,274,753 | Trimmed |
| H World Group Ltd (HTHT) | $623.4M | 0.44% | 14,941,321 | +5,840,094 | Added |
| TJX Companies Inc. (TJX) | $612.1M | 0.43% | 4,040,135 | +105,151 | Added |
| Lam Research Corp. (LRCX) | $608.1M | 0.43% | 1,403,422 | -178,945 | Trimmed |
| American Express Co. (AXP) | $601.7M | 0.43% | 1,778,857 | +213,292 | Added |
| Medtronic plc (MDT) | $601.5M | 0.43% | 7,689,456 | -917,148 | Trimmed |
| General Electric Co. (GE) | $578.6M | 0.41% | 1,548,306 | -193,929 | Trimmed |
| AbbVie Inc. (ABBV) | $573.8M | 0.41% | 2,280,159 | +63,874 | Added |
| HDFC Bank Limited (HDB) | $564.7M | 0.40% | 21,792,768 | -720,467 | Trimmed |
| Eaton Corp. plc (ETN) | $557.7M | 0.40% | 1,365,927 | +173,455 | Added |
| Deere & Co. (DE) | $557.1M | 0.40% | 891,273 | +518,165 | Added |
| Procter & Gamble Co. (PG) | $546.6M | 0.39% | 3,727,754 | -83,390 | Trimmed |
| Vertiv Holdings Co. (VRT) | $542.8M | 0.39% | 1,621,215 | -451,289 | Trimmed |
| Lumentum Holdings Inc. (LITE) | $517.8M | 0.37% | 603,512 | -2,544 | Trimmed |
| East West Bancorp Inc. (EWBC) | $514.5M | 0.36% | 3,985,737 | +120,860 | Added |
| Chubb Ltd. (CB) | $498.0M | 0.35% | 1,450,778 | -216,651 | Trimmed |
| Cisco Systems, Inc. (CSCO) | $489.4M | 0.35% | 4,166,730 | -709,239 | Trimmed |
| Texas Instruments Inc. (TXN) | $485.7M | 0.34% | 1,629,618 | +99,840 | Added |
| Booking Holdings Inc. (BKNG) | $485.3M | 0.34% | 2,722,827 | -208,973 | Trimmed |
| Spotify Technology S.A. (SPOT) | $484.9M | 0.34% | 1,056,097 | -179,717 | Trimmed |
| Caterpillar Inc. (CAT) | $484.4M | 0.34% | 454,925 | -40,001 | Trimmed |
| Analog Devices Inc. (ADI) | $476.8M | 0.34% | 1,200,567 | +598,239 | Added |
| Waters Corp. (WAT) | $474.1M | 0.34% | 1,264,226 | +948,023 | Added |
| Uber Technologies, Inc. (UBER) | $467.4M | 0.33% | 6,477,273 | +2,222 | Held |
| Itaú Unibanco Holding S.A. (ITUB) | $466.5M | 0.33% | 56,746,418 | -7,945,041 | Trimmed |
| Vanguard Intl Equity Index F (VT) | $462.8M | 0.33% | 2,970,012 | -13,461 | Trimmed |
| Icici Bank ADR (IBN) | $462.7M | 0.33% | 15,758,413 | +7,391,781 | Added |
| Ventas, Inc. (VTR) | $454.4M | 0.32% | 5,116,993 | +2,605,368 | Added |
| Howmet Aerospace Inc. (HWM) | $454.3M | 0.32% | 1,691,498 | -566,011 | Trimmed |
| ExxonMobil Holdings Corp. (XOM) | $449.7M | 0.32% | 3,288,861 | -111,880 | Trimmed |
| Applied Materials Inc. (AMAT) | $448.0M | 0.32% | 644,987 | -1,510 | Trimmed |
| Carrier Global Corp. (CARR) | $432.6M | 0.31% | 5,897,380 | +907,084 | Added |
| Liberty Media Corp. Del (FWONK) | $431.0M | 0.31% | 4,530,676 | +1,097,509 | Added |
| Berkshire Hathaway Inc. Class B (BRKB) | $430.9M | 0.31% | 868,688 | -16,840 | Trimmed |
| Home Depot, Inc. (HD) | $430.7M | 0.31% | 1,227,604 | +47,357 | Added |
| Salesforce, Inc. (CRM) | $422.3M | 0.30% | 2,695,789 | -937,022 | Trimmed |
| Illinois Tool Works Inc. (ITW) | $417.4M | 0.30% | 1,569,884 | -59,936 | Trimmed |
| Makemytrip Limited Mauritius (MMYT) | $410.8M | 0.29% | 7,708,990 | +1,410,581 | Added |
| Netflix Inc. (NFLX) | $407.6M | 0.29% | 5,708,507 | -1,281,802 | Trimmed |
| Trane Technologies plc (TT) | $390.9M | 0.28% | 795,789 | +11,524 | Added |
| Veeva Systems Inc. (VEEV) | $384.3M | 0.27% | 2,165,208 | +452,701 | Added |
| Tencent Music Entertainment Group (TME) | $381.0M | 0.27% | 45,630,307 | -31,199,421 | Trimmed |
| ConocoPhillips (COP) | $370.1M | 0.26% | 3,559,834 | -958,120 | Trimmed |
| Verizon Communications Inc. (VZ) | $366.5M | 0.26% | 8,656,452 | +527,639 | Added |
| Snowflake Inc. (SNOW) | $362.3M | 0.26% | 1,423,664 | +691,679 | Added |
| Fortinet Inc. Com | $359.4M | 0.26% | 2,339,506 | +2,339,506 | New position |
| Vale S A | $356.4M | 0.25% | 23,696,580 | +23,696,580 | New position |
| Costco Wholesale Corp. (COST) | $354.5M | 0.25% | 374,507 | +23,658 | Added |
| Kanzhun Limited (BZ) | $354.2M | 0.25% | 27,517,818 | +902,826 | Added |
| Credicorp Ltd (BAP) | $339.4M | 0.24% | 871,316 | +10,591 | Added |
| Moody's Corp. (MCO) | $337.0M | 0.24% | 744,030 | -146,669 | Trimmed |
| Welltower Inc. (WELL) | $331.1M | 0.23% | 1,458,637 | -69,907 | Trimmed |
| Bank of America Corp. (BAC) | $328.1M | 0.23% | 5,757,597 | +675,857 | Added |
| Autozone Inc. (AZO) | $323.1M | 0.23% | 102,457 | -2,861 | Trimmed |
| iShares Trust (ACWI) | $318.9M | 0.23% | 2,046,529 | +1,389,639 | Added |
| Intel Corp. (INTC) | $315.6M | 0.22% | 2,260,348 | +208,634 | Added |
| Merck & Co., Inc. (MRK) | $315.6M | 0.22% | 2,455,664 | +699,417 | Added |
| Cemex Sab De CV (CX) | $311.6M | 0.22% | 25,964,062 | -687,343 | Trimmed |
| iShares Trust (IYW) | $310.6M | 0.22% | 1,261,481 | +1,183,308 | Added |
| Pfizer Inc. (PFE) | $310.5M | 0.22% | 12,896,296 | +300,462 | Added |
| Baker Hughes Co. (BKR) | $305.2M | 0.22% | 5,420,094 | +654,042 | Added |
| O'Reilly Automotive, Inc. (ORLY) | $301.1M | 0.21% | 3,269,362 | +104,360 | Added |
| BlackRock, Inc. (BLK) | $297.5M | 0.21% | 313,096 | +2,528 | Added |