AOI

Auto-Owners Insurance Portfolio holdings

AUM $3.78B

AUM

$3.78B

AUM Growth

-$620M (-14%)

Cap. Flow

-$2.18B

Cap. Flow % of AUM

-57.69%

Top 10 Holdings %Top 10 Hldgs %

55.24%

Holding

108

New

Increased

Reduced

Closed

–

Top Buys

1	Real Estate Select Sector SPDR Fund XLRE	$421M
2	Rio Tinto RIO	$243M
3	Snap-on SNA	$217M
4	iShares Core MSCI Emerging Markets ETF IEMG	$153M
5	Linde LIN	$85.1M

Top Sells

1	Becton Dickinson BDX	$692M
2	SPDR Portfolio Developed World ex-US ETF SPDW	$661M
3	Schwab Fundamental International Large Company Index ETF FNDF	$310M
4	iShares MSCI EAFE Value ETF EFV	$257M
5	Baxter International BAX	$219M

Sector Composition

1	Materials	12.45%
2	Industrials	11.66%
3	Healthcare	6.03%
4	Technology	5.81%
5	Consumer Discretionary	4.42%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Illinois Tool Works ITW $72.7B	$36.5M	0.97%	1,430,000 +1,427,450	+55,978%	+$36.4M
27	27 Qualcomm QCOM $162B	$34.9M	0.92%	303,919 +296,080	+3,777%	+$34M
28	28 Schwab Fundamental International Large Company Index ETF FNDF $15.7B	$34.9M	0.92%	939,975 -8,350,025	-90%	-$310M
29	29 iShares Core MSCI International Developed Markets ETF IDEV $19.7B	$33.6M	0.89%	525,500 -2,072,500	-80%	-$132M
30	30 Vanguard FTSE Developed Markets ETF VEA $156B	$32.3M	0.85%	201,700 -977,050	-83%	-$156M
31	31 SPDR Portfolio S&P 500 High Dividend ETF SPYD $6.68B	$31.4M	0.83%	701,100 -2,038,900	-74%	-$91.3M
32	32 Ecolab ECL $72.6B	$31.4M	0.83%	1,000,000 +996,400	+27,678%	+$31.2M
33	33 Dell DELL $76.5B	$31.3M	0.83%	781,000 +776,853	+18,733%	+$31.2M
34	34 General Motors GM $48.2B	$31.2M	0.83%	923,000 +913,200	+9,318%	+$30.9M
35	B 35 Barrick Mining Corporation B $32.1B	$30.6M	0.81%	1,050,000 +1,039,800	+10,194%	+$30.3M
36	36 Union Pacific UNP $138B	$29.9M	0.79%	625,000 +623,978	+61,055%	+$29.8M
37	37 Carnival Corp CCL $30.4B	$29.6M	0.78%	503,940 -146,060	-22%	-$8.58M
38	38 Honda HMC $41.6B	$26.4M	0.7%	245,000 -533,650	-69%	-$57.5M
39	39 PepsiCo PEP $178B	$25.1M	0.67%	413,900 +70,722	+21%	+$4.29M
40	40 Mondelez International MDLZ $84.3B	$24.9M	0.66%	333,800 +323,200	+3,049%	+$24.1M
41	41 CME Group CME $98.7B	$23.4M	0.62%	300,000 +298,041	+15,214%	+$23.2M
42	42 AMERISAFE AMSF $905M	$22M	0.58%	426,900	–	–
43	43 Enterprise Products Partners EPD $70B	$21.9M	0.58%	450,000 -550,000	-55%	-$26.7M
44	44 Intel INTC $89.6B	$19.6M	0.52%	395,100 -130,408	-25%	-$6.47M
45	45 Baxter International BAX $15.9B	$18.4M	0.49%	81,235 -968,765	-92%	-$219M
46	46 RTX Corp RTX $179B	$18M	0.48%	415,931 +83,212	+25%	+$3.61M
47	47 SPDR Portfolio S&P 400 Mid Cap ETF SPMD $12.4B	$17.8M	0.47%	298,293 -1,031,707	-78%	-$61.6M
48	48 Broadcom AVGO $1.08T	$16.2M	0.43%	650,000 +647,610	+27,097%	+$16.1M
49	49 Johnson & Johnson JNJ $360B	$15.5M	0.41%	396,498 +59,238	+18%	+$2.32M
50	50 GSK GSK $79B	$15.4M	0.41%	532,650 -390,350	-42%	-$11.3M