KLP Kapitalforvaltning Portfolio holdings

AUM $25.9B

1-Year Est. Return 26.9%

This Fund

S&P 500

This Quarter Est. Return

1 Year Est. Return

+26.9%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$25.2B

AUM Growth

+$2.06B (+8.9%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

2,225

New

Increased

Reduced

Closed

Top Buys

1		+$56.4M
2		+$29.3M
3		+$22.4M
4	Cognizant CTSH	+$21.3M
5	Microsoft MSFT	+$20.8M

Top Sells

1		+$15.4M
2		+$12.7M
3		+$11M
4	IBM IBM	+$10.5M
5	Pultegroup PHM	+$9.86M

Sector Composition

1	Technology	34.25%
2	Financials	13.54%
3	Consumer Discretionary	10.6%
4	Communication Services	10.55%
5	Healthcare	9.74%

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
1551	1551 Seadrill SDRL $2.84B	$369K	﹤0.01%	12,200
1552	1552 S&T Bancorp STBA $1.51B	$368K	﹤0.01%	9,800 -5,700
1553	1553 Globalstar GSAT $7.75B	$368K	﹤0.01%	10,120 +700
1554	1554 Veeco VECO $2.18B	$368K	﹤0.01%	12,100
1555	1555 Century Communities CCS $1.67B	$368K	﹤0.01%	5,800
1556	1556 Madison Square Garden MSGE $2.69B	$367K	﹤0.01%	8,114
1557	1557 Coty COTY $1.79B	$367K	﹤0.01%	90,800
1558	1558 Iridium Communications IRDM $2.97B	$367K	﹤0.01%	21,000 -10,200
1559	1559 Acco Brands ACCO $262M	$365K	﹤0.01%	91,500
1560	1560 Vertex VERX $1.88B	$364K	﹤0.01%	14,700
1561	1561 MannKind Corp MNKD $709M	$363K	﹤0.01%	67,600 +14,200
1562	1562 Sally Beauty Holdings SBH $1.34B	$361K	﹤0.01%	22,200
1563	1563 Sphere Entertainment SPHR $3.85B	$361K	﹤0.01%	5,814
1564	GRAL 1564 GRAIL Inc GRAL $2.14B	$361K	﹤0.01%	6,100
1565	1565 Bitdeer Technologies BTDR $2.12B	$361K	﹤0.01%	21,100 +4,400
1566	1566 Payoneer PAYO $1.72B	$359K	﹤0.01%	59,300 -13,100
1567	1567 AvePoint AVPT $2.11B	$359K	﹤0.01%	23,900
1568	1568 Kohl's KSS $1.45B	$358K	﹤0.01%	23,300
1569	1569 Skyward Specialty Insurance SKWD $1.92B	$357K	﹤0.01%	7,500
1570	1570 Cricut CRCT $841M	$357K	﹤0.01%	56,700
1571	1571 Recursion Pharmaceuticals RXRX $1.66B	$356K	﹤0.01%	73,000 +11,800
1572	1572 Clearway Energy Class A CWEN.A $4.69B	$355K	﹤0.01%	13,200 +5,100
1573	1573 MaxLinear MXL $1.48B	$354K	﹤0.01%	22,000
1574	1574 Apellis Pharmaceuticals APLS $2.25B	$353K	﹤0.01%	15,600
1575	1575 Federal Agricultural Mortgage AGM $1.58B	$353K	﹤0.01%	2,100 +300