| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| VANGUARD GROUP INC | 31,420,408 | 31,361,487 | -58,921 | 0.03 | 0.03 | -0.01 | sell |
| STATE STREET CORP | 11,278,169 | 12,143,984 | +865,815 | 0.03 | 0.02 | -0.00 | buy |
| Fundsmith LLP | 11,458,780 | 11,138,751 | -320,029 | 2.32 | 1.96 | -0.35 | sell |
| Champlain Investment Partners, LLC | 3,642,350 | 5,062,270 | +1,419,920 | 1.08 | 1.34 | +0.26 | buy |
| VAN ECK ASSOCIATES CORP | 146,610 | 4,377,386 | +4,230,776 | 0.01 | 0.27 | +0.26 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 4,185,765 | 4,146,142 | -39,623 | 0.02 | 0.02 | -0.00 | sell |
| WELLINGTON MANAGEMENT GROUP LLP | 1,521,293 | 3,853,185 | +2,331,892 | 0.01 | 0.03 | +0.02 | buy |
| VANGUARD GROUP INC | 3,820,119 | 3,847,504 | +27,385 | 0.00 | 0.00 | -0.00 | buy |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1,403,786 | 3,845,030 | +2,441,244 | 0.02 | 0.03 | +0.01 | buy |
| Invesco Ltd. | 2,986,572 | 3,636,178 | +649,606 | 0.03 | 0.03 | +0.00 | buy |
| FUNDSMITH INVESTMENT SERVICES LTD. | 4,014,256 | 3,608,905 | -405,351 | 2.75 | 2.01 | -0.74 | sell |
| ProShare Advisors LLC | 3,139,769 | 3,603,922 | +464,153 | 0.43 | 0.42 | -0.01 | buy |
| GOLDMAN SACHS GROUP INC | 1,182,918 | 2,970,903 | +1,787,985 | 0.01 | 0.03 | +0.01 | buy |
| Lindsell Train Ltd | 2,843,575 | 2,843,575 | 0 | 3.17 | 2.83 | -0.34 | hold |
| WELLS FARGO & COMPANY/MN | 2,654,825 | 2,822,300 | +167,475 | 0.04 | 0.03 | -0.00 | buy |
| MORGAN STANLEY | 2,733,452 | 2,734,002 | +550 | 0.01 | 0.01 | -0.00 | buy |
| MACQUARIE GROUP LTD | 2,574,628 | 2,674,392 | +99,764 | 0.15 | 0.13 | -0.02 | buy |
| Glenview Trust Co | 614,574 | 2,422,808 | +1,808,234 | 0.68 | 2.11 | +1.42 | buy |
| GARDNER RUSSO & QUINN LLC | 2,198,694 | 2,170,683 | -28,011 | 1.19 | 1.01 | -0.18 | sell |
| NORGES BANK | 1,841,971 | 2,072,777 | +230,806 | 0.02 | 0.01 | -0.00 | buy |
| NORTHERN TRUST CORP | 2,017,086 | 1,888,715 | -128,371 | 0.02 | 0.01 | -0.00 | sell |
| LAZARD ASSET MANAGEMENT LLC | 0 | 1,750,750 | +1,750,750 | 0.00 | 0.09 | +0.09 | buy |
| Bank of New York Mellon Corp | 1,360,717 | 1,714,325 | +353,608 | 0.01 | 0.01 | +0.00 | buy |
| Alecta Tjanstepension Omsesidigt | 1,600,000 | 1,600,000 | 0 | 0.47 | 0.39 | -0.09 | hold |
| Legal & General Group Plc | 1,906,127 | 1,578,300 | -327,827 | 0.03 | 0.02 | -0.01 | sell |
| LONDON CO OF VIRGINIA | 1,427,492 | 1,441,864 | +14,372 | 0.39 | 0.35 | -0.04 | buy |
| Madison Asset Management, LLC | 738,919 | 1,377,048 | +638,129 | 0.47 | 0.74 | +0.27 | buy |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1,208,132 | 1,269,351 | +61,219 | 0.02 | 0.02 | -0.01 | buy |
| BANK OF AMERICA CORP /DE/ | 1,257,647 | 1,241,379 | -16,268 | 0.01 | 0.01 | -0.00 | sell |
| PRINCIPAL FINANCIAL GROUP INC | 2,628,468 | 1,240,764 | -1,387,704 | 0.08 | 0.03 | -0.05 | sell |
| DIMENSIONAL FUND ADVISORS LP | 1,253,945 | 1,236,416 | -17,529 | 0.02 | 0.01 | -0.00 | sell |
| JPMORGAN CHASE & CO | 1,035,470 | 1,171,169 | +135,699 | 0.00 | 0.00 | -0.00 | buy |
| FMR LLC | 911,992 | 1,144,706 | +232,714 | 0.00 | 0.00 | +0.00 | buy |
| Tandem Investment Advisors, Inc. | 1,128,637 | 1,143,962 | +15,325 | 2.26 | 1.97 | -0.29 | buy |
| FIRST TRUST ADVISORS LP | 1,145,106 | 1,133,229 | -11,877 | 0.06 | 0.05 | -0.01 | sell |
| GABELLI FUNDS LLC | 984,200 | 978,700 | -5,500 | 0.38 | 0.33 | -0.06 | sell |
| APG Asset Management N.V. | 1,030,456 | 952,112 | -78,344 | 0.09 | 0.07 | -0.02 | sell |
| Vest Financial, LLC | 680,513 | 903,698 | +223,185 | 0.93 | 0.94 | +0.00 | buy |
| GARDNER RUSSO & QUINN LLC | 904,932 | 891,786 | -13,146 | 0.48 | 0.41 | -0.07 | sell |
| BESSEMER GROUP INC | 858,788 | 855,995 | -2,793 | 0.08 | 0.07 | -0.01 | sell |
| MARKEL GROUP INC. | 843,000 | 843,000 | 0 | 0.44 | 0.37 | -0.07 | hold |
| PNC FINANCIAL SERVICES GROUP, INC. | 1,017,576 | 778,799 | -238,777 | 0.04 | 0.02 | -0.01 | sell |
| NOMURA ASSET MANAGEMENT CO LTD | 636,385 | 734,815 | +98,430 | 0.12 | 0.11 | -0.01 | buy |
| ROYAL BANK OF CANADA | 373,648 | 711,247 | +337,599 | 0.00 | 0.01 | +0.00 | buy |
| PRICE T ROWE ASSOCIATES INC /MD/ | 616,309 | 619,536 | +3,227 | 0.00 | 0.00 | -0.00 | buy |
| STATE OF WISCONSIN INVESTMENT BOARD | 676,711 | 582,521 | -94,190 | 0.09 | 0.07 | -0.03 | sell |
| BNP PARIBAS FINANCIAL MARKETS | 340,462 | 573,120 | +232,658 | 0.02 | 0.03 | +0.01 | buy |
| Swiss National Bank | 917,818 | 536,618 | -381,200 | 0.03 | 0.02 | -0.02 | sell |
| ABSHER WEALTH MANAGEMENT, LLC | 405,614 | 533,596 | +127,982 | 2.90 | 3.24 | +0.33 | buy |
| BARCLAYS PLC | 553,236 | 531,448 | -21,788 | 0.01 | 0.01 | -0.00 | sell |
| DEUTSCHE BANK AG\ | 573,167 | 523,696 | -49,471 | 0.01 | 0.01 | -0.00 | sell |
| Glenview Trust Co | 515,174 | 505,454 | -9,720 | 0.59 | 0.45 | -0.14 | sell |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | 99,309 | 497,562 | +398,253 | 0.02 | 0.08 | +0.06 | buy |
| KBC Group NV | 905,342 | 476,372 | -428,970 | 0.15 | 0.06 | -0.09 | sell |
| MARKEL GROUP INC. | 474,187 | 474,187 | 0 | 0.24 | 0.20 | -0.04 | hold |
| PineBridge Investments, L.P. | 0 | 473,554 | +473,554 | 0.00 | 0.16 | +0.16 | buy |
| NATIXIS ADVISORS, LLC | 132,717 | 463,354 | +330,637 | 0.02 | 0.04 | +0.03 | buy |
| Retirement Systems of Alabama | 478,759 | 453,578 | -25,181 | 0.10 | 0.08 | -0.02 | sell |
| Baird Financial Group, Inc. | 468,915 | 445,591 | -23,324 | 0.05 | 0.04 | -0.01 | sell |
| PNC FINANCIAL SERVICES GROUP, INC. | 446,898 | 443,006 | -3,892 | 0.02 | 0.01 | -0.00 | sell |
| Sumitomo Mitsui Trust Group, Inc. | 702,000 | 439,301 | -262,699 | 0.02 | 0.01 | -0.01 | sell |
| GEODE CAPITAL MANAGEMENT, LLC | 442,018 | 439,272 | -2,746 | 0.00 | 0.00 | -0.00 | sell |
| ALLIANCEBERNSTEIN L.P. | 362,237 | 438,672 | +76,435 | 0.01 | 0.01 | -0.00 | buy |
| GRACE & WHITE INC /NY | 367,798 | 423,323 | +55,525 | 3.42 | 3.43 | +0.01 | buy |
| Amundi | 508,153 | 420,545 | -87,608 | 0.01 | 0.01 | -0.00 | sell |
| RHUMBLINE ADVISERS | 460,109 | 419,211 | -40,898 | 0.02 | 0.02 | -0.01 | sell |
| NEW YORK STATE COMMON RETIREMENT FUND | 401,369 | 399,945 | -1,424 | 0.03 | 0.02 | -0.00 | sell |
| Mitsubishi UFJ Asset Management Co., Ltd. | 378,897 | 382,709 | +3,812 | 0.03 | 0.02 | -0.01 | buy |
| HSBC HOLDINGS PLC | 450,562 | 380,735 | -69,827 | 0.02 | 0.01 | -0.01 | sell |
| Cerity Partners LLC | 370,522 | 376,800 | +6,278 | 0.05 | 0.04 | -0.01 | buy |
| Bank of New York Mellon Corp | 262,764 | 368,889 | +106,125 | 0.00 | 0.00 | +0.00 | buy |
| CITIGROUP INC | 258,799 | 347,931 | +89,132 | 0.01 | 0.01 | -0.00 | buy |
| Sather Financial Group Inc | 322,542 | 341,810 | +19,268 | 1.19 | 1.02 | -0.17 | buy |
| BANK OF MONTREAL /CAN/ | 271,069 | 322,887 | +51,818 | 0.00 | 0.00 | -0.00 | buy |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 487,766 | 309,334 | -178,432 | 0.03 | 0.02 | -0.02 | sell |
| UBS Group AG | 335,983 | 296,735 | -39,248 | 0.01 | 0.00 | -0.00 | sell |
| NEW YORK STATE COMMON RETIREMENT FUND | 294,718 | 294,721 | +3 | 0.02 | 0.02 | -0.00 | buy |
| Lindsell Train Ltd | 290,307 | 290,307 | 0 | 0.32 | 0.29 | -0.03 | hold |
| MORGAN STANLEY | 225,259 | 288,369 | +63,110 | 0.00 | 0.00 | +0.00 | buy |
| AQR CAPITAL MANAGEMENT LLC | 49,236 | 285,053 | +235,817 | 0.00 | 0.02 | +0.01 | buy |
| Manitou Investment Management Ltd. | 0 | 283,675 | +283,675 | 0.00 | 2.74 | +2.74 | buy |
| CANADA LIFE ASSURANCE Co | 303,762 | 281,027 | -22,735 | 0.03 | 0.02 | -0.01 | sell |
| SEI INVESTMENTS CO | 207,480 | 275,102 | +67,622 | 0.02 | 0.02 | +0.00 | buy |
| Stephens Investment Management Group LLC | 168,848 | 266,696 | +97,848 | 0.12 | 0.16 | +0.05 | buy |
| RBO & CO LLC | 207,097 | 259,443 | +52,346 | 1.78 | 2.00 | +0.22 | buy |
| GAMCO INVESTORS, INC. ET AL | 281,401 | 249,756 | -31,645 | 0.15 | 0.12 | -0.03 | sell |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 254,281 | 245,207 | -9,074 | 0.04 | 0.02 | -0.02 | sell |
| BESSEMER GROUP INC | 241,238 | 241,222 | -16 | 0.02 | 0.02 | -0.00 | sell |
| Douglass Winthrop Advisors, LLC | 300,949 | 229,483 | -71,466 | 0.32 | 0.20 | -0.12 | sell |
| BROWN ADVISORY INC | 241,420 | 229,050 | -12,370 | 0.02 | 0.01 | -0.00 | sell |
| DIMENSIONAL FUND ADVISORS LP | 229,163 | 227,863 | -1,300 | 0.00 | 0.00 | -0.00 | sell |
| VICTORY CAPITAL MANAGEMENT INC | 227,854 | 221,501 | -6,353 | 0.01 | 0.01 | -0.00 | sell |
| Janney Montgomery Scott LLC | 206,892 | 203,695 | -3,197 | 0.03 | 0.03 | -0.00 | sell |
| M&G Plc | 0 | 202,306 | +202,306 | 0.00 | 0.03 | +0.03 | buy |
| Cresset Asset Management, LLC | 171,891 | 201,823 | +29,932 | 0.04 | 0.04 | -0.01 | buy |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | 192,743 | 192,028 | -715 | 0.02 | 0.02 | -0.00 | sell |
| Cerity Partners LLC | 193,212 | 188,635 | -4,577 | 0.03 | 0.02 | -0.00 | sell |
| ENVESTNET ASSET MANAGEMENT INC | 84,586 | 184,986 | +100,400 | 0.00 | 0.00 | +0.00 | buy |
| BEACON INVESTMENT ADVISORY SERVICES, INC. | 222,562 | 181,761 | -40,801 | 0.50 | 0.34 | -0.16 | sell |
| Bath Savings Trust Co | 175,037 | 180,295 | +5,258 | 0.96 | 0.83 | -0.13 | buy |