AOI

Auto-Owners Insurance Portfolio holdings

AUM $3.78B

This Quarter Return

+1.24%

1 Year Return

+5.34%

3 Year Return

–

5 Year Return

–

10 Year Return

–

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
51	51 AT&T T $194B	$14.5M	0.38%	73,000 -71,553	-50%	-$14.2M
52	52 Dover DOV $25.6B	$14.5M	0.38%	189,877 +185,977	+4,769%	+$14.2M
53	53 iShares Core Dividend Growth ETF DGRO $32.1B	$14M	0.37%	227,300 -462,200	-67%	-$28.4M
54	54 Meta Platforms (Facebook) META $1.79T	$13.4M	0.35%	32,750 -159,700	-83%	-$65.3M
55	55 Berkshire Hathaway Class A BRK.A $1.01T	$13.1M	0.35%	9,591 +9,424	+5,643%	+$12.9M
56	56 Thermo Fisher Scientific TMO $158B	$12.5M	0.33%	288,000 +283,810	+6,774%	+$12.3M
57	57 Fortive FTV $17.4B	$10.7M	0.28%	138,281 +133,931	+3,079%	+$10.4M
58	58 Zimmer Biomet ZBH $18.6B	$10.6M	0.28%	68,000 +45,650	+204%	+$7.13M
59	59 Huntington Ingalls Industries HII $9.95B	$9.04M	0.24%	455,308 +333,308	+273%	+$6.61M
60	60 iShares MSCI EAFE Small-Cap ETF SCZ $10.2B	$8.82M	0.23%	109,400 +57,100	+109%	+$4.6M
61	61 Walgreens Boots Alliance WBA $9.96B	$8.6M	0.23%	32,600 -15,400	-32%	-$4.06M
62	62 US Bancorp USB $71.2B	$8.07M	0.21%	33,598 -591,402	-95%	-$142M
63	63 DuPont de Nemours DD $31B	$7.6M	0.2%	179,110 -10,767	-6%	-$457K
64	64 GE Vernova GEV $153B	$7.19M	0.19%	32,952 -114,661	-78%	-$25M
65	65 Microsoft MSFT $3.76T	$6.97M	0.18%	18,333 -106,612	-85%	-$40.6M
66	66 Apple AAPL $3.12T	$6.26M	0.17%	25,000	–	–
67	67 Kraft Heinz KHC $32.1B	$5.4M	0.14%	161,033 -518,431	-76%	-$17.4M
68	68 Workday WDAY $60B	$4.75M	0.13%	27,900 -19,700	-41%	-$3.35M
69	69 Moody's MCO $89.1B	$4.39M	0.12%	45,143 +44,210	+4,738%	+$4.3M
70	70 PNC Financial Services PNC $76B	$4.38M	0.12%	26,109 +21,109	+422%	+$3.54M
71	71 Vanguard Consumer Discretionary ETF VCR $6.1B	$4.24M	0.11%	51,733 -40,967	-44%	-$3.35M
72	72 MSC Industrial Direct MSM $4.93B	$3.64M	0.1%	28,387 -329,813	-92%	-$42.3M
73	73 Kellanova K $27.6B	$3.42M	0.09%	28,800 -132,000	-82%	-$15.7M
74	74 ArcelorMittal MT $25.2B	$3.07M	0.08%	+136,553	New	+$3.07M
75	75 GE HealthCare GEHC $34.1B	$2.88M	0.08%	39,070 -157,751	-80%	-$11.6M