FRM

Fox Run Management Portfolio holdings

AUM $641M

1-Year Est. Return 12.98%

This Quarter Est. Return

1 Year Est. Return

+12.98%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$600M

AUM Growth

-$45.4M (-7%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

1,315

New

Increased

Reduced

Closed

Top Buys

1		+$3.37M
2		+$2.75M
3		+$2.71M
4	Iron Mountain IRM	+$2.66M
5	MongoDB MDB	+$2.45M

Top Sells

1		+$5.33M
2		+$5.21M
3		+$5.03M
4	Mercado Libre MELI	+$3.69M
5	Celestica CLS	+$3.07M

Sector Composition

1	Technology	20.55%
2	Industrials	14.54%
3	Consumer Discretionary	13.98%
4	Financials	11.49%
5	Healthcare	11.11%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal
426	426 Jackson Financial JXN $6.42B	$554K	0.09%	6,244 -13,208
427	427 Sea Limited SE $83.4B	$554K	0.09%	+3,463
428	428 Shift4 FOUR $4.81B	$554K	0.09%	5,586 -1,212
429	OPRA 429 Opera Ltd OPRA $1.21B	$554K	0.09%	+29,289
430	430 Danaher DHR $156B	$547K	0.09%	2,769 -395
431	431 AptarGroup ATR $7.78B	$545K	0.09%	+3,484
432	432 DuPont de Nemours DD $16.6B	$545K	0.09%	7,940 +195
433	433 Paymentus PAY $4.73B	$545K	0.09%	+16,626
434	434 ONE Gas OGS $4.86B	$544K	0.09%	+7,575
435	435 Ambarella AMBA $3.75B	$544K	0.09%	8,236 -572
436	TPC 436 Tutor Perini Cor TPC $3.12B	$541K	0.09%	11,561 +1,951
437	437 Garrett Motion GTX $3.28B	$541K	0.09%	+51,455
438	438 New Oriental EDU $8.48B	$538K	0.09%	+9,975
439	439 Dell DELL $89.6B	$537K	0.09%	4,381 -9,870
440	440 dLocal DLO $4.03B	$537K	0.09%	47,325 +17,976
441	441 DraftKings DKNG $14.7B	$536K	0.09%	12,504 -62,331
442	442 Dr. Reddy's Laboratories RDY $11.6B	$536K	0.09%	35,656 +24,839
443	443 Jones Lang LaSalle JLL $14.3B	$536K	0.09%	2,095 -74
444	444 Xylem XYL $34.8B	$528K	0.09%	+4,082
445	445 Oscar Health OSCR $4B	$526K	0.09%	+24,554
446	446 WESCO International WCC $12.5B	$526K	0.09%	2,840 -575
447	447 SI-BONE Inc SIBN $756M	$526K	0.09%	+27,940
448	448 Agilysys AGYS $3.63B	$524K	0.09%	+4,571
449	449 Levi Strauss LEVI $8.37B	$524K	0.09%	+28,340
450	450 Hexcel HXL $5.5B	$523K	0.09%	9,258 -13,501