| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| J. Stern & Co. LLP | 192,076 | 24,069,492 | +23,877,416 | 2.13 | 2.05 | -0.08 | buy |
| VANGUARD GROUP INC | 42,306,764 | 47,780,974 | +5,474,210 | 0.10 | 0.09 | 0.00 | buy |
| NORDEA INVESTMENT MANAGEMENT AB | 2,753,209 | 4,932,787 | +2,179,578 | 0.35 | 0.53 | +0.19 | buy |
| MONTRUSCO BOLTON INVESTMENTS INC. | 607,764 | 2,168,078 | +1,560,314 | 1.03 | 3.33 | +2.29 | buy |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | 135,086 | 1,053,857 | +918,771 | 0.18 | 1.14 | +0.96 | buy |
| BNP PARIBAS FINANCIAL MARKETS | 777,376 | 1,374,317 | +596,941 | 0.10 | 0.12 | 0.00 | buy |
| BLS CAPITAL FONDSMAEGLERSELSKAB A/S | 1,467,059 | 1,976,616 | +509,557 | 7.39 | 8.43 | +1.04 | buy |
| DIAMOND HILL CAPITAL MANAGEMENT INC | 2,692,799 | 3,158,638 | +465,839 | 1.87 | 2.04 | +0.17 | buy |
| ING GROEP NV | 31,293 | 454,053 | +422,760 | 0.02 | 0.34 | +0.32 | buy |
| CITIGROUP INC | 672,386 | 1,034,473 | +362,087 | 0.07 | 0.10 | +0.02 | buy |
| SCHARF INVESTMENTS, LLC | 494,216 | 818,875 | +324,659 | 1.82 | 2.77 | +0.95 | buy |
| NATIXIS ADVISORS, LLC | 447,340 | 148,941 | +298,399 | 0.10 | 0.03 | 0.00 | sell |
| Swedbank AB | 2,436,888 | 2,734,590 | +297,702 | 0.36 | 0.33 | -0.03 | buy |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 300,363 | 12,357 | +288,006 | 0.11 | 0.00 | 0.00 | sell |
| Fundsmith LLP | 3,615,131 | 3,900,803 | +285,672 | 2.67 | 2.87 | +0.20 | buy |
| INTECH INVESTMENT MANAGEMENT LLC | 182,575 | 464,141 | +281,566 | 0.25 | 0.55 | +0.30 | buy |
| Seilern Investment Management Ltd | 72,310 | 333,465 | +261,155 | 0.76 | 3.25 | +2.49 | buy |
| PRICE T ROWE ASSOCIATES INC /MD/ | 1,039,190 | 1,291,915 | +252,725 | 0.02 | 0.02 | +0.00 | buy |
| MAIRS & POWER INC | 1,490 | 226,400 | +224,910 | 0.00 | 0.27 | +0.27 | buy |
| GEODE CAPITAL MANAGEMENT, LLC | 11,138,444 | 11,327,679 | +189,235 | 0.11 | 0.09 | 0.00 | buy |
| CIBC WORLD MARKETS CORP | 56,059 | 229,657 | +173,598 | 0.06 | 0.15 | +0.09 | buy |
| RENAISSANCE TECHNOLOGIES LLC | 256,900 | 424,600 | +167,700 | 0.05 | 0.09 | +0.04 | buy |
| M&G Plc | 119,967 | 275,127 | +155,160 | 0.09 | 0.18 | +0.08 | buy |
| T. Rowe Price Investment Management, Inc. | 4,639 | 158,250 | +153,611 | 0.00 | 0.01 | +0.01 | buy |
| ACADEMY CAPITAL MANAGEMENT | 88,216 | 234,527 | +146,311 | 1.84 | 3.92 | +2.08 | buy |
| ROCKLAND TRUST CO | 6,893 | 148,557 | +141,664 | 0.04 | 0.74 | +0.69 | buy |
| Legal & General Group Plc | 3,415,844 | 3,554,498 | +138,654 | 0.11 | 0.10 | -0.01 | buy |
| Moran Wealth Management, LLC | 66,321 | 202,741 | +136,420 | 0.29 | 0.78 | +0.49 | buy |
| PRINCIPAL FINANCIAL GROUP INC | 2,193,062 | 2,057,780 | +135,282 | 0.17 | 0.14 | 0.00 | sell |
| EDMOND DE ROTHSCHILD HOLDING S.A. | 336,526 | 464,742 | +128,216 | 0.76 | 0.83 | +0.07 | buy |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 312,521 | 439,064 | +126,543 | 0.01 | 0.02 | +0.00 | buy |
| Hikari Tsushin, Inc. | 41,494 | 164,238 | +122,744 | 0.41 | 1.35 | +0.94 | buy |
| SCHRODER INVESTMENT MANAGEMENT GROUP | 162,002 | 41,439 | +120,563 | 0.02 | 0.00 | -0.01 | sell |
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 405,045 | 518,943 | +113,898 | 0.11 | 0.11 | +0.00 | buy |
| South Dakota Investment Council | 10,782 | 124,585 | +113,803 | 0.03 | 0.30 | +0.27 | buy |
| NOMURA ASSET MANAGEMENT CO LTD | 468,480 | 582,128 | +113,648 | 0.18 | 0.19 | +0.01 | buy |
| Douglas Lane & Associates, LLC | 306,753 | 401,246 | +94,493 | 0.63 | 0.69 | +0.07 | buy |
| UniSuper Management Pty Ltd | 44,520 | 135,910 | +91,390 | 0.04 | 0.10 | +0.06 | buy |
| Aberdeen Group plc | 1,109,151 | 1,188,371 | +79,220 | 0.25 | 0.23 | -0.02 | buy |
| OPPENHEIMER ASSET MANAGEMENT INC. | 262,396 | 183,520 | +78,876 | 0.42 | 0.28 | 0.00 | sell |
| CANADA LIFE ASSURANCE Co | 441,934 | 380,511 | +61,423 | 0.09 | 0.08 | -0.01 | sell |
| Allspring Global Investments Holdings, LLC | 96,442 | 37,241 | +59,201 | 0.02 | 0.01 | 0.00 | sell |
| VICTORY CAPITAL MANAGEMENT INC | 187,489 | 246,501 | +59,012 | 0.02 | 0.02 | +0.00 | buy |
| B. Metzler seel. Sohn & Co. AG | 75,725 | 130,989 | +55,264 | 0.10 | 0.14 | +0.05 | buy |
| Prime Capital Investment Advisors, LLC | 53,033 | 3,622 | +49,411 | 0.10 | 0.01 | 0.00 | sell |
| Quilter Plc | 438,959 | 487,241 | +48,282 | 1.10 | 1.03 | -0.07 | buy |
| CLIFFORD SWAN INVESTMENT COUNSEL LLC | 23,648 | 68,688 | +45,040 | 0.12 | 0.10 | -0.02 | buy |
| Raiffeisen Bank International AG | 204,311 | 247,742 | +43,431 | 0.39 | 0.40 | +0.02 | buy |
| 1832 Asset Management L.P. | 28,794 | 71,770 | +42,976 | 0.01 | 0.01 | +0.00 | buy |
| Norinchukin Bank, The | 360,648 | 403,553 | +42,905 | 0.71 | 0.59 | -0.12 | buy |
| United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund | 221,041 | 263,349 | +42,308 | 1.18 | 0.46 | -0.72 | buy |
| Boston Trust Walden Corp | 94,467 | 135,202 | +40,735 | 0.10 | 0.13 | +0.03 | buy |
| Alberta Investment Management Corp | 37,100 | 77,351 | +40,251 | 0.04 | 0.06 | +0.02 | buy |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 75,534 | 111,299 | +35,765 | 0.02 | 0.02 | +0.00 | buy |
| FUNDSMITH INVESTMENT SERVICES LTD. | 1,175,723 | 1,206,414 | +30,691 | 2.68 | 2.78 | +0.10 | buy |
| Willis Investment Counsel | 74,410 | 104,216 | +29,806 | 0.60 | 0.68 | +0.08 | buy |
| COLDSTREAM CAPITAL MANAGEMENT INC | 34,483 | 5,727 | +28,756 | 0.07 | 0.01 | -0.06 | sell |
| Mawer Investment Management Ltd. | 326,602 | 354,445 | +27,843 | 0.25 | 0.25 | +0.00 | buy |
| Connor, Clark & Lunn Investment Management Ltd. | 368,950 | 341,353 | +27,597 | 0.17 | 0.11 | -0.06 | sell |
| Ninety One UK Ltd | 1,119,132 | 1,146,126 | +26,994 | 0.35 | 0.31 | -0.04 | buy |
| Kesler, Norman & Wride, LLC | 4,854 | 29,613 | +24,759 | 0.16 | 0.64 | +0.48 | buy |
| Atria Investments, Inc | 88,694 | 64,518 | +24,176 | 0.16 | 0.10 | -0.06 | sell |
| Empowered Funds, LLC | 17,656 | 41,314 | +23,658 | 0.03 | 0.09 | +0.06 | buy |
| MEEDER ASSET MANAGEMENT INC | 3,687 | 26,767 | +23,080 | 0.03 | 0.18 | +0.15 | buy |
| CIBC Asset Management Inc | 251,495 | 274,299 | +22,804 | 0.11 | 0.08 | 0.00 | buy |
| Gotham Asset Management, LLC | 74,801 | 97,507 | +22,706 | 0.05 | 0.05 | -0.00 | buy |
| ASSOCIATED BANC-CORP | 46,624 | 69,117 | +22,493 | 0.18 | 0.22 | +0.04 | buy |
| BNP PARIBAS | 169,600 | 192,076 | +22,476 | 0.74 | 0.69 | -0.05 | buy |
| Vantage Investment Partners, LLC | 77,103 | 99,292 | +22,189 | 0.77 | 0.83 | +0.06 | buy |
| VANTAGE WEALTH | 108,470 | 130,555 | +22,085 | 3.45 | 3.55 | +0.10 | buy |
| Wealthfront Advisers LLC | 37,220 | 15,194 | +22,026 | 0.01 | 0.00 | 0.00 | sell |
| Entropy Technologies, LP | 31,845 | 53,175 | +21,330 | 0.35 | 0.36 | +0.01 | buy |
| Canada Post Corp Registered Pension Plan | 90,190 | 110,569 | +20,379 | 0.57 | 0.53 | -0.04 | buy |
| K.J. Harrison & Partners Inc | 4,663 | 23,000 | +18,337 | 0.10 | 0.38 | +0.29 | buy |
| Harvest Portfolios Group Inc. | 398,773 | 416,270 | +17,497 | 1.08 | 0.91 | -0.17 | buy |
| Blue Zone Wealth Advisors, LLC | 34,746 | 52,110 | +17,364 | 1.01 | 1.25 | +0.24 | buy |
| SCHWARTZ INVESTMENT COUNSEL INC | 250,000 | 267,000 | +17,000 | 1.23 | 1.17 | -0.05 | buy |
| ALLSTATE CORP | 15,635 | 32,227 | +16,592 | 0.05 | 0.06 | +0.00 | buy |
| KEYBANK NATIONAL ASSOCIATION/OH | 178,250 | 161,676 | +16,574 | 0.09 | 0.07 | -0.02 | sell |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | 41,260 | 57,747 | +16,487 | 0.38 | 0.49 | +0.10 | buy |
| Lombard Odier Asset Management (Europe) Ltd | 53,739 | 69,858 | +16,119 | 0.20 | 0.44 | +0.23 | buy |
| Mill Capital Management, LLC | 147,324 | 162,700 | +15,376 | 1.60 | 1.48 | -0.12 | buy |
| Cohen Capital Management, Inc. | 16,749 | 32,055 | +15,306 | 0.38 | 0.61 | +0.23 | buy |
| FIRST CITIZENS BANK & TRUST CO | 43,380 | 58,495 | +15,115 | 0.14 | 0.15 | +0.02 | buy |
| Robertson Stephens Wealth Management, LLC | 1,873 | 16,687 | +14,814 | 0.01 | 0.06 | +0.05 | buy |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 63,986 | 78,508 | +14,522 | 0.05 | 0.05 | -0.00 | buy |
| Allianz Asset Management GmbH | 619,429 | 633,850 | +14,421 | 0.11 | 0.09 | -0.02 | buy |
| CAXTON ASSOCIATES LLP | 2,841 | 17,258 | +14,417 | 0.01 | 0.04 | +0.03 | buy |
| FORSTA AP-FONDEN | 199,200 | 213,400 | +14,200 | 0.17 | 0.16 | -0.01 | buy |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND | 127,611 | 141,411 | +13,800 | 0.16 | 0.15 | -0.01 | buy |
| OPPENHEIMER & CO INC | 91,182 | 104,946 | +13,764 | 0.17 | 0.19 | +0.02 | buy |
| COMPASS CAPITAL MANAGEMENT, INC | 48,848 | 62,582 | +13,734 | 0.38 | 0.49 | +0.12 | buy |
| CLOVERFIELDS CAPITAL GROUP, LP | 22,880 | 36,524 | +13,644 | 1.05 | 1.42 | +0.38 | buy |
| Evergreen Private Wealth LLC | 33,450 | 46,818 | +13,368 | 1.98 | 2.32 | +0.34 | buy |
| Fairtree Asset Management (Pty) Ltd | 16,071 | 29,265 | +13,194 | 1.54 | 1.69 | +0.15 | buy |
| RBO & CO LLC | 112,237 | 125,304 | +13,067 | 2.57 | 2.51 | -0.06 | buy |
| NORRIS PERNE & FRENCH LLP/MI | 50,516 | 63,050 | +12,534 | 0.51 | 0.52 | +0.01 | buy |
| MATTERN CAPITAL MANAGEMENT, LLC | 54,167 | 66,603 | +12,436 | 0.93 | 0.99 | +0.06 | buy |
| Intellectus Partners, LLC | 8,931 | 21,264 | +12,333 | 0.25 | 0.52 | +0.26 | buy |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 129,244 | 141,321 | +12,077 | 0.03 | 0.03 | -0.00 | buy |