Headlands Technologies Portfolio holdings

AUM $877M

This Quarter Return

-5.38%

1 Year Return

+16.44%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$877M

AUM Growth

-$118M (-12%)

Cap. Flow

-$83.4M

Cap. Flow % of AUM

-9.5%

Top 10 Holdings %Top 10 Hldgs %

20.14%

Holding

1,607

New

447

Increased

325

Reduced

323

Closed

506

Top Buys

1	Meta Platforms (Facebook) META	$27.6M
2	Alphabet (Google) Class A GOOGL	$18.4M
3	Intuitive Surgical ISRG	$14.3M
4	SPDR Gold Trust GLD	$12.7M
5	Alphabet (Google) Class C GOOG	$10.7M

Top Sells

1	SPDR S&P 500 ETF Trust SPY	$37.2M
2	Apple AAPL	$35.1M
3	Microsoft MSFT	$29M
4	Vanguard S&P 500 ETF VOO	$17.3M
5	iShares Core S&P 500 ETF IVV	$11.6M

Sector Composition

1	Technology	23.28%
2	Healthcare	11.72%
3	Communication Services	10.79%
4	Consumer Discretionary	10.44%
5	Financials	10.21%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
476	476 ProShares Ultra Silver AGQ $777M	$178K	0.02%	+3,865	New	+$178K
477	477 Hilton Worldwide HLT $64.4B	$178K	0.02%	+782	New	+$178K
478	478 Pentair PNR $16.9B	$176K	0.02%	2,017 -4,416	-69%	-$386K
479	479 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB $10.6B	$176K	0.02%	5,303 -23,951	-82%	-$796K
480	480 Arvinas ARVN $572M	$176K	0.02%	25,019 +6,130	+32%	+$43K
481	481 iShares S&P 500 Growth ETF IVW $62.6B	$175K	0.02%	1,880 -6,933	-79%	-$644K
482	482 Workiva WK $3.79B	$171K	0.02%	+2,256	New	+$171K
483	483 ProShares Ultra QQQ QLD $9.1B	$171K	0.02%	1,920 -16,130	-89%	-$1.43M
484	484 TPG TPG $8.44B	$170K	0.02%	3,579 -2,211	-38%	-$105K
485	485 Synaptics SYNA $2.56B	$169K	0.02%	2,651 -4,241	-62%	-$270K
486	486 iShares 3-7 Year Treasury Bond ETF IEI $15.7B	$168K	0.02%	+1,423	New	+$168K
487	487 Vanguard S&P 500 Growth ETF VOOG $18.6B	$167K	0.02%	+500	New	+$167K
488	488 Credo Technology Group CRDO $18.5B	$167K	0.02%	4,160 -9,454	-69%	-$380K
489	489 MGM Resorts International MGM $10.5B	$164K	0.02%	5,548 +5,177	+1,395%	+$153K
490	490 CVB Financial CVBF $2.66B	$163K	0.02%	+8,806	New	+$163K
491	491 Intel INTC $90.5B	$162K	0.02%	7,140 -135,903	-95%	-$3.09M
492	492 Ashland ASH $2.34B	$161K	0.02%	2,721 +946	+53%	+$56.1K
493	493 Insight Enterprises NSIT $4.66B	$161K	0.02%	1,074 -1,544	-59%	-$232K
494	494 Nokia NOK $22.9B	$160K	0.02%	+30,270	New	+$160K
495	495 Vuzix VUZI $173M	$158K	0.02%	77,461 -24,433	-24%	-$49.8K
496	496 Corebridge Financial CRBG $19.6B	$156K	0.02%	+4,946	New	+$156K
497	497 Flowserve FLS $7.17B	$156K	0.02%	3,193 +2,704	+553%	+$132K
498	498 HP HPQ $24.3B	$153K	0.02%	+5,541	New	+$153K
499	499 KKR & Co KKR $136B	$153K	0.02%	+1,325	New	+$153K
500	500 Agnico Eagle Mines AEM $63.9B	$153K	0.02%	1,410 -119	-8%	-$12.9K