FMI

Frec Markets Inc Portfolio holdings

AUM $587M

This Fund

S&P 500

This Quarter Est. Return

1 Year Est. Return

–

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$587M

AUM Growth

+$245M (+72%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

658

New

Increased

Reduced

Closed

Top Buys

1		+$15.1M
2		+$12.4M
3		+$7.31M
4	Alphabet (Google) Class A GOOGL	+$6.44M
5	Amazon AMZN	+$5.04M

Top Sells

1		+$462K
2		+$396K
3		+$382K
4	Elevance Health ELV	+$373K
5	Take-Two Interactive TTWO	+$372K

Sector Composition

1	Technology	37.22%
2	Financials	13.1%
3	Consumer Discretionary	8.36%
4	Healthcare	8.07%
5	Communication Services	8%

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
226	226 Equinix EQIX $106B	$556K	0.09%	+567
227	227 Kinder Morgan KMI $71.7B	$554K	0.09%	16,520 +6,995
228	228 Dow Inc DOW $24.9B	$552K	0.09%	+13,260
229	229 FirstEnergy FE $27.1B	$552K	0.09%	10,896 +5,061
230	230 KKR & Co KKR $85.3B	$551K	0.09%	5,959 +2,323
231	231 State Street STT $43.7B	$551K	0.09%	4,351 +2,129
232	232 Agilent Technologies A $32.7B	$546K	0.09%	4,792 +2,387
233	233 HCA Healthcare HCA $87B	$541K	0.09%	1,144 +158
234	234 TotalEnergies TTE $193B	$539K	0.09%	5,925 +1,660
235	235 Synopsys SNPS $101B	$538K	0.09%	1,358 +88
236	236 Liberty Global Class A LBTYA $4.09B	$538K	0.09%	+44,530
237	237 Diamondback Energy FANG $54.2B	$537K	0.09%	2,717 +624
238	238 Church & Dwight Co CHD $23.2B	$533K	0.09%	5,716 +2,816
239	239 Textron TXT $16.1B	$523K	0.09%	+5,971
240	240 Regency Centers REG $14.5B	$521K	0.09%	+6,884
241	241 Delta Air Lines DAL $53.7B	$521K	0.09%	7,832 +3,693
242	242 BHP BHP $223B	$518K	0.09%	7,124 +2,114
243	243 Trimble TRMB $12.8B	$517K	0.09%	7,930 +4,546
244	244 Northern Trust NTRS $31.1B	$516K	0.09%	+3,700
245	245 Motorola Solutions MSI $67.8B	$515K	0.09%	1,186 +401
246	246 Regions Financial RF $24B	$515K	0.09%	19,701 +11,843
247	247 American International AIG $39.9B	$506K	0.09%	6,719 +2,776
248	248 L3Harris LHX $57.6B	$504K	0.09%	1,460 +347
249	249 Applovin APP $191B	$503K	0.09%	1,263 +74
250	250 SLB Ltd SLB $84.5B	$503K	0.09%	9,780 +2,569