| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| Curated Wealth Partners LLC | 744 | 3,509,288 | +3,508,544 | 0.04 | 0.74 | +0.70 | buy |
| EdgePoint Investment Group Inc. | 1,652,585 | 2,049,857 | +397,272 | 5.63 | 6.31 | +0.67 | buy |
| FLOSSBACH VON STORCH SE | 1,387,910 | 1,577,668 | +189,758 | 2.75 | 2.91 | +0.15 | buy |
| ABN AMRO INVESTMENT SOLUTIONS | 211,509 | 395,201 | +183,692 | 1.17 | 1.39 | +0.22 | buy |
| Select Equity Group, L.P. | 105,562 | 244,596 | +139,034 | 0.23 | 0.49 | +0.26 | buy |
| PineStone Asset Management Inc. | 532,378 | 661,225 | +128,847 | 1.59 | 1.66 | +0.07 | buy |
| Capital International Investors | 3,516,308 | 3,630,191 | +113,883 | 0.35 | 0.31 | -0.04 | buy |
| Temasek Holdings (Private) Ltd | 1,396,452 | 1,506,913 | +110,461 | 1.95 | 1.65 | -0.30 | buy |
| Dorsey Asset Management, LLC | 222,683 | 316,413 | +93,730 | 7.54 | 8.25 | +0.71 | buy |
| SOROS FUND MANAGEMENT LLC | 16,532 | 100,834 | +84,302 | 0.08 | 0.50 | +0.43 | buy |
| LOCUST WOOD CAPITAL ADVISERS, LLC | 376,176 | 458,435 | +82,259 | 4.05 | 4.50 | +0.45 | buy |
| Fisher Funds Management LTD | 8,667 | 71,588 | +62,921 | 0.11 | 0.83 | +0.72 | buy |
| Bridgewater Associates, LP | 32,699 | 95,012 | +62,313 | 0.06 | 0.16 | +0.10 | buy |
| APG Asset Management N.V. | 158,000 | 216,750 | +58,750 | 0.18 | 0.19 | +0.00 | buy |
| TCI Fund Management Ltd | 14,035,310 | 14,081,957 | +46,647 | 13.22 | 10.87 | -2.35 | buy |
| Mawer Investment Management Ltd. | 383,111 | 428,573 | +45,462 | 1.05 | 1.19 | +0.13 | buy |
| Soroban Capital Partners LP | 1,688,643 | 1,731,643 | +43,000 | 1.39 | 1.48 | +0.09 | buy |
| Gates Capital Management, Inc. | 327,955 | 361,186 | +33,231 | 3.81 | 3.54 | -0.28 | buy |
| Douglass Winthrop Advisors, LLC | 254,542 | 286,307 | +31,765 | 1.98 | 2.01 | +0.03 | buy |
| Mediolanum International Funds Ltd | 41,006 | 69,442 | +28,436 | 0.18 | 0.24 | +0.06 | buy |
| United Asset Strategies, Inc. | 3,277 | 30,890 | +27,613 | 0.11 | 0.89 | +0.78 | buy |
| Douglas Lane & Associates, LLC | 1,952 | 28,352 | +26,400 | 0.01 | 0.16 | +0.14 | buy |
| Quilter Plc | 195,806 | 216,411 | +20,605 | 1.46 | 1.33 | -0.14 | buy |
| Lazard Freres Gestion S.A.S. | 218,402 | 238,298 | +19,896 | 1.83 | 1.59 | -0.24 | buy |
| LBP AM SA | 49,568 | 65,219 | +15,651 | 0.29 | 0.27 | -0.02 | buy |
| USS Investment Management Ltd | 348,354 | 361,488 | +13,134 | 0.58 | 0.53 | -0.05 | buy |
| Vest Financial, LLC | 104,408 | 116,230 | +11,822 | 0.53 | 0.50 | -0.04 | buy |
| Coronation Fund Managers Ltd. | 98,247 | 109,899 | +11,652 | 1.90 | 1.71 | -0.20 | buy |
| BLI - Banque de Luxembourg Investments | 53,461 | 64,202 | +10,741 | 0.83 | 0.93 | +0.10 | buy |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | 40,838 | 51,357 | +10,519 | 0.15 | 0.16 | +0.01 | buy |
| Magellan Asset Management Ltd | 158,514 | 168,908 | +10,394 | 0.87 | 1.54 | +0.66 | buy |
| Norinchukin Bank, The | 109,488 | 119,306 | +9,818 | 0.54 | 0.47 | -0.07 | buy |
| Ninety One SA (PTY) Ltd | 16,546 | 26,190 | +9,644 | 0.30 | 0.58 | +0.28 | buy |
| Milestones Administradora de Recursos Ltda. | 6,355 | 15,835 | +9,480 | 0.71 | 1.25 | +0.54 | buy |
| FENIMORE ASSET MANAGEMENT INC | 111,035 | 119,992 | +8,957 | 1.05 | 1.01 | -0.04 | buy |
| THORNBURG INVESTMENT MANAGEMENT INC | 5,547 | 14,103 | +8,556 | 0.02 | 0.05 | +0.03 | buy |
| Candriam S.C.A. | 156,430 | 164,777 | +8,347 | 0.35 | 0.30 | -0.04 | buy |
| LAKEWOOD CAPITAL MANAGEMENT, LP | 43,750 | 51,750 | +8,000 | 1.18 | 1.09 | -0.09 | buy |
| Asset Management One Co., Ltd. | 148,985 | 156,415 | +7,430 | 0.19 | 0.16 | -0.02 | buy |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | 134,280 | 141,607 | +7,327 | 0.89 | 0.90 | +0.01 | buy |
| National Pension Service | 724,825 | 732,083 | +7,258 | 0.23 | 0.19 | -0.04 | buy |
| Sava Infond d.o.o. | 6,798 | 13,596 | +6,798 | 0.41 | 0.39 | -0.02 | buy |
| Ayrshire Capital Management LLC | 3,637 | 10,164 | +6,527 | 0.80 | 1.94 | +1.14 | buy |
| Pictet North America Advisors SA | 31,200 | 37,302 | +6,102 | 1.32 | 1.34 | +0.02 | buy |
| MACQUARIE GROUP LTD | 32,120 | 38,108 | +5,988 | 0.08 | 0.07 | -0.02 | buy |
| Meiji Yasuda Asset Management Co Ltd. | 16,457 | 22,188 | +5,731 | 0.35 | 0.41 | +0.06 | buy |
| ROCKLAND TRUST CO | 49,533 | 55,175 | +5,642 | 0.84 | 0.88 | +0.04 | buy |
| Lighthouse Investment Partners, LLC | 1,292 | 6,680 | +5,388 | 0.02 | 0.07 | +0.06 | buy |
| MIZUHO SECURITIES USA LLC | 18,499 | 23,737 | +5,238 | 0.19 | 0.16 | -0.03 | buy |
| PROFESSIONAL ADVISORY SERVICES INC | 50,500 | 55,728 | +5,228 | 2.97 | 2.72 | -0.25 | buy |
| Quantitative Investment Management, LLC | 3,972 | 9,033 | +5,061 | 0.18 | 0.40 | +0.23 | buy |
| IFM Investors Pty Ltd | 65,715 | 70,651 | +4,936 | 0.23 | 0.19 | -0.04 | buy |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd | 14,498 | 19,308 | +4,810 | 0.47 | 0.50 | +0.03 | buy |
| PFW Advisors LLC | 568 | 4,873 | +4,305 | 0.08 | 0.58 | +0.50 | buy |
| PRAXIS INVESTMENT MANAGEMENT INC | 4,938 | 9,199 | +4,261 | 0.13 | 0.20 | +0.07 | buy |
| Troy Asset Management Ltd | 41,156 | 45,404 | +4,248 | 0.52 | 0.52 | -0.01 | buy |
| Fiduciary Alliance LLC | 3,756 | 7,858 | +4,102 | 0.10 | 0.22 | +0.12 | buy |
| Decatur Capital Management, Inc. | 4,021 | 8,096 | +4,075 | 0.78 | 1.12 | +0.34 | buy |
| SCOTIA CAPITAL INC. | 9,824 | 13,680 | +3,856 | 0.02 | 0.02 | +0.00 | buy |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 67,303 | 70,637 | +3,334 | 0.23 | 0.20 | -0.03 | buy |
| OKABENA INVESTMENT SERVICES INC | 2,101 | 5,419 | +3,318 | 0.17 | 0.39 | +0.22 | buy |
| Meritage Group LP | 504,410 | 507,635 | +3,225 | 8.10 | 7.97 | -0.13 | buy |
| Sendero Wealth Management, LLC | 1,528 | 4,663 | +3,135 | 0.07 | 0.19 | +0.12 | buy |
| MEITAV INVESTMENT HOUSE LTD | 36,233 | 39,342 | +3,109 | 0.17 | 0.11 | -0.06 | buy |
| Argent Trust Co | 4,990 | 8,091 | +3,101 | 0.07 | 0.10 | +0.02 | buy |
| Covington Investment Advisors Inc. | 31,072 | 34,091 | +3,019 | 1.94 | 1.79 | -0.15 | buy |
| Willis Investment Counsel | 13,745 | 16,757 | +3,012 | 0.32 | 0.33 | +0.01 | buy |
| Czech National Bank | 83,338 | 86,302 | +2,964 | 0.23 | 0.19 | -0.04 | buy |
| Permanens Capital L.P. | 1,251 | 4,190 | +2,939 | 0.07 | 0.18 | +0.11 | buy |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 42,721 | 45,449 | +2,728 | 0.11 | 0.12 | +0.01 | buy |
| MATTERN CAPITAL MANAGEMENT, LLC | 21,839 | 24,125 | +2,286 | 1.11 | 1.15 | +0.03 | buy |
| VAUGHAN DAVID INVESTMENTS LLC/IL | 119,218 | 121,477 | +2,259 | 1.07 | 0.98 | -0.09 | buy |
| Snider Financial Group | 7,564 | 9,771 | +2,207 | 0.97 | 1.01 | +0.04 | buy |
| HOWE & RUSLING INC | 13,209 | 15,388 | +2,179 | 0.37 | 0.36 | -0.00 | buy |
| Capital International Sarl | 53,838 | 55,976 | +2,138 | 0.37 | 0.32 | -0.05 | buy |
| COMMUNITY TRUST & INVESTMENT CO | 38,179 | 40,231 | +2,052 | 0.88 | 0.85 | -0.04 | buy |
| Avanza Fonder AB | 23,073 | 25,123 | +2,050 | 0.27 | 0.22 | -0.05 | buy |
| YHB Investment Advisors, Inc. | 1,256 | 3,159 | +1,903 | 0.04 | 0.08 | +0.04 | buy |
| Perpetual Ltd | 1,086 | 2,893 | +1,807 | 0.01 | 0.02 | +0.01 | buy |
| BTC Capital Management, Inc. | 17,825 | 19,615 | +1,790 | 0.51 | 0.46 | -0.05 | buy |
| Waterway Wealth Management, LLC | 3,607 | 5,348 | +1,741 | 0.34 | 0.44 | +0.11 | buy |
| Balentine LLC | 1,355 | 2,917 | +1,562 | 0.02 | 0.04 | +0.02 | buy |
| Numerai GP LLC | 1,667 | 3,181 | +1,514 | 0.07 | 0.11 | +0.03 | buy |
| Leelyn Smith, LLC | 7,813 | 9,293 | +1,480 | 0.47 | 0.46 | -0.01 | buy |
| Peak Asset Management, LLC | 39,182 | 40,640 | +1,458 | 2.94 | 2.43 | -0.51 | buy |
| Cambria Investment Management, L.P. | 1,581 | 3,014 | +1,433 | 0.04 | 0.06 | +0.02 | buy |
| Circle Wealth Management, LLC | 2,358 | 3,749 | +1,391 | 0.01 | 0.02 | +0.00 | buy |
| AIA Group Ltd | 12,232 | 13,537 | +1,305 | 0.08 | 0.07 | -0.01 | buy |
| Comprehensive Financial Consultants Institutional, Inc. | 5,116 | 6,417 | +1,301 | 0.65 | 0.65 | +0.01 | buy |
| Texas Yale Capital Corp. | 6,365 | 7,583 | +1,218 | 0.08 | 0.07 | -0.01 | buy |
| Buttonwood Financial Advisors Inc. | 7,087 | 8,303 | +1,216 | 1.01 | 1.03 | +0.02 | buy |
| GeoWealth Management, LLC | 5,267 | 6,436 | +1,169 | 0.08 | 0.08 | +0.00 | buy |
| Skylands Capital, LLC | 7,003 | 8,085 | +1,082 | 0.39 | 0.40 | +0.01 | buy |
| SteelPeak Wealth, LLC | 9,782 | 10,819 | +1,037 | 0.13 | 0.12 | -0.01 | buy |
| WEALTHEDGE INVESTMENT ADVISORS, LLC | 479 | 1,502 | +1,023 | 0.07 | 0.20 | +0.12 | buy |
| Financial & Tax Architects, LLC | 15,696 | 16,702 | +1,006 | 1.49 | 1.43 | -0.05 | buy |
| Fifth Third Wealth Advisors LLC | 5,034 | 6,027 | +993 | 0.07 | 0.07 | -0.00 | buy |
| Voya Financial Advisors, Inc. | 1,699 | 2,688 | +989 | 0.07 | 0.10 | +0.03 | buy |
| Sky Investment Group LLC | 1,583 | 2,571 | +988 | 0.12 | 0.16 | +0.05 | buy |
| E Fund Management (Hong Kong) Co., Ltd. | 62 | 1,039 | +977 | 0.01 | 0.14 | +0.13 | buy |