Institutional Investors
| Institution | Portfolio value | Positions | Avg position | As of |
|---|---|---|---|---|
| Local Pensions Partnership Investment Ltd | $4,765,773,339 | 32 | $148,930,417 | June 30, 2026 |
| Stockbridge Partners LLC | $4,753,238,742 | 17 | $279,602,279 | June 30, 2026 |
| BARINGS LLC | $4,724,024,291 | 191 | $24,733,111 | June 30, 2026 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | $4,716,703,893 | 208 | $22,676,461 | June 30, 2026 |
| Jasper Ridge Partners, L.P. | $4,689,643,464 | 151 | $31,057,241 | June 30, 2026 |
| Third Point LLC | $4,679,571,988 | 43 | $108,827,256 | June 30, 2026 |
| TOMS Capital Investment Management LP | $4,674,807,698 | 26 | $179,800,296 | June 30, 2026 |
| Lingotto Investment Management LLP | $4,665,510,258 | 32 | $145,797,196 | June 30, 2026 |
| Cable Car Capital, LP | $4,664,908,182 | 215 | $21,697,247 | June 30, 2026 |
| Smead Capital Management, Inc. | $4,661,978,555 | 32 | $145,686,830 | June 30, 2026 |
| Arbejdsmarkedets Tillaegspension | $4,597,874,641 | 164 | $28,035,821 | June 30, 2026 |
| Conestoga Capital Advisors, LLC | $4,597,185,241 | 109 | $42,176,011 | June 30, 2026 |
| Frazier Life Sciences Management, L.P. | $4,592,076,814 | 41 | $112,001,874 | June 30, 2026 |
| Brave Warrior Advisors, LLC | $4,588,428,223 | 40 | $114,710,706 | June 30, 2026 |
| Munich Reinsurance Co Stock Corp in Munich | $4,573,705,398 | 164 | $27,888,448 | June 30, 2026 |
| Rare Infrastructure Ltd | $4,561,676,602 | 25 | $182,467,064 | June 30, 2025 Stale |
| COMGEST GLOBAL INVESTORS S.A.S. | $4,545,431,078 | 55 | $82,644,201 | June 30, 2026 |
| Munro Partners | $4,539,702,750 | 61 | $74,421,357 | June 30, 2026 |
| Starboard Value LP | $4,523,797,468 | 22 | $205,627,158 | June 30, 2026 |
| FUNDSMITH INVESTMENT SERVICES LTD. | $4,518,917,743 | 27 | $167,367,324 | June 30, 2026 |
| Donor Advised Charitable Giving, Inc. | $4,494,049,046 | 32 | $140,439,033 | June 30, 2026 |
| 59 North Capital Management, LP | $4,493,586,476 | 19 | $236,504,551 | June 30, 2026 |
| Magellan Asset Management Ltd | $4,472,375,284 | 78 | $57,338,145 | June 30, 2026 |
| Hamlin Capital Management, LLC | $4,447,595,172 | 30 | $148,253,172 | June 30, 2026 |
| Divisadero Street Capital Management, LP | $4,412,456,934 | 142 | $31,073,640 | June 30, 2026 |
| Southpoint Capital Advisors LP | $4,395,933,780 | 33 | $133,210,115 | June 30, 2026 |
| REINHART PARTNERS, LLC. | $4,379,854,648 | 72 | $60,831,315 | June 30, 2026 |
| EMINENCE CAPITAL, LP | $4,361,339,054 | 33 | $132,161,790 | March 31, 2026 Previous quarter |
| Channing Capital Management, LLC | $4,342,604,837 | 106 | $40,967,970 | June 30, 2026 |
| Zimmer Partners, LP | $4,305,069,697 | 121 | $35,579,088 | June 30, 2026 |
| Great Hill Capital LLC | $4,294,939,843 | 45 | $95,443,108 | June 30, 2026 |
| Hill City Capital, LP | $4,282,363,364 | 28 | $152,941,549 | June 30, 2026 |
| Vestal Point Capital, LP | $4,279,457,817 | 68 | $62,933,203 | June 30, 2026 |
| MARSHFIELD ASSOCIATES | $4,264,844,791 | 17 | $250,873,223 | June 30, 2026 |
| HARVARD MANAGEMENT CO INC | $4,263,102,872 | 19 | $224,373,835 | June 30, 2026 |
| Cartenna Capital, LP | $4,200,553,760 | 49 | $85,725,587 | June 30, 2026 |
| Kinetic Partners Management, LP | $4,189,073,931 | 47 | $89,129,233 | June 30, 2026 |
| Crake Asset Management LLP | $4,179,222,179 | 23 | $181,705,312 | June 30, 2026 |
| Gates Capital Management, Inc. | $4,160,692,772 | 35 | $118,876,936 | June 30, 2026 |
| TCG Crossover Management, LLC | $4,160,526,316 | 54 | $77,046,784 | June 30, 2026 |
| LOCUST WOOD CAPITAL ADVISERS, LLC | $4,149,884,419 | 33 | $125,754,073 | June 30, 2026 |
| JMG Financial Group, Ltd. | $4,139,560,581 | 137 | $30,215,771 | June 30, 2026 |
| JENSEN INVESTMENT MANAGEMENT INC | $4,125,081,649 | 83 | $49,699,779 | June 30, 2026 |
| Candlestick Capital Management LP | $4,122,462,876 | 55 | $74,953,870 | Sept. 30, 2025 Stale |
| BOWEN HANES & CO INC | $4,106,441,528 | 151 | $27,194,977 | June 30, 2026 |
| PAR CAPITAL MANAGEMENT INC | $4,033,876,461 | 48 | $84,039,093 | June 30, 2026 |
| Homestead Advisers Corp | $4,023,681,139 | 124 | $32,449,041 | June 30, 2026 |
| PBU - The Pension Fund of Early Childhood & Youth Educators | $3,956,209,192 | 124 | $31,904,913 | June 30, 2026 |
| Davis Asset Management, L.P. | $3,948,828,268 | 85 | $46,456,803 | June 30, 2026 |
| ARGA Investment Management, LP | $3,919,912,659 | 121 | $32,395,972 | June 30, 2026 |
Page 7
of 17