Global Atlantic BlackRock Disciplined Mid Cap Growth Portfolio
Portfolio of Investments (Unaudited)
September 30, 2023
Shares/ Principal | Fair Value | ||
Common Stocks - 98.5% | |||
Aerospace & Defense - 1.0% | |||
Axon Enterprise, Inc. * | 4,488 | $893,067 | |
HEICO Corp., Class A | 7,799 | 1,007,787 | |
Lockheed Martin Corp. | 569 | 232,698 | |
Textron, Inc. | 1,843 | 144,012 | |
2,277,564 | |||
Automobiles - 0.3% | |||
General Motors Co. | 19,570 | 645,223 | |
Banks - 0.4% | |||
Mid Penn Bancorp., Inc. | 1 | 20 | |
NU Holdings Ltd./Cayman Islands, Class A * | 114,905 | 833,061 | |
833,081 | |||
Beverages - 0.5% | |||
PepsiCo, Inc. | 7,492 | 1,269,444 | |
Biotechnology - 6.3% | |||
Alnylam Pharmaceuticals, Inc. * | 4,152 | 735,319 | |
Amgen, Inc. | 2,683 | 721,083 | |
Apellis Pharmaceuticals, Inc. * | 792 | 30,128 | |
BioMarin Pharmaceutical, Inc. * | 2,279 | 201,646 | |
Exact Sciences Corp. * | 4,460 | 304,261 | |
Exelixis, Inc. * | 78,423 | 1,713,543 | |
Horizon Therapeutics PLC * | 13,676 | 1,582,176 | |
Incyte Corp. * | 38,853 | 2,244,538 | |
Ionis Pharmaceuticals, Inc. * | 11,587 | 525,586 | |
Natera, Inc. * | 7,727 | 341,920 | |
Neurocrine Biosciences, Inc. * | 20,216 | 2,274,300 | |
RayzeBio, Inc. * | 85 | 1,887 | |
Sarepta Therapeutics, Inc. * | 4,695 | 569,128 | |
Seagen, Inc. * | 11,374 | 2,412,994 | |
Ultragenyx Pharmaceutical, Inc. * | 21,514 | 766,974 | |
14,425,483 | |||
Broadline Retail - 1.5% | |||
Amazon.com, Inc. * | 8,498 | 1,080,266 | |
Coupang, Inc. * | 84,421 | 1,435,157 | |
eBay, Inc. | 17,847 | 786,874 | |
Nordstrom, Inc. | 4,427 | 66,139 | |
3,368,436 | |||
Building Products - 1.8% | |||
A O Smith Corp. | 13,731 | 908,031 | |
Advanced Drainage Systems, Inc. | 931 | 105,976 | |
Allegion PLC | 8,313 | 866,214 | |
Builders FirstSource, Inc. * | 2,017 | 251,096 | |
Trane Technologies PLC | 10,169 | 2,063,392 | |
Trex Co., Inc. * | 571 | 35,191 | |
4,229,900 | |||
Capital Markets - 4.0% | |||
Affiliated Managers Group, Inc. | 1,224 | 159,536 | |
Ameriprise Financial, Inc. | 1,040 | 342,867 | |
Ares Management Corp., Class A | 7,382 | 759,386 |
Shares/ Principal | Fair Value | ||
Capital Markets (continued) | |||
Houlihan Lokey, Inc. | 3,709 | $397,308 | |
LPL Financial Holdings, Inc. | 2,476 | 588,422 | |
MarketAxess Holdings, Inc. | 2,242 | 478,981 | |
Moody's Corp. | 7,630 | 2,412,377 | |
MSCI, Inc. | 5,045 | 2,588,489 | |
Nasdaq, Inc. | 22,714 | 1,103,673 | |
XP, Inc., Class A | 17,199 | 396,437 | |
9,227,476 | |||
Chemicals - 0.3% | |||
Ginkgo Bioworks Holdings, Inc. * | 18,390 | 33,286 | |
PPG Industries, Inc. | 5,542 | 719,352 | |
Sherwin-Williams Co. (The) | 82 | 20,914 | |
773,552 | |||
Commercial Services & Supplies - 4.6% | |||
Cintas Corp. | 11,177 | 5,376,249 | |
Copart, Inc. * | 77,832 | 3,353,781 | |
Rollins, Inc. | 29,022 | 1,083,391 | |
Tetra Tech, Inc. | 4,562 | 693,561 | |
10,506,982 | |||
Construction & Engineering - 1.6% | |||
AECOM | 3,940 | 327,178 | |
EMCOR Group, Inc. | 8,047 | 1,693,008 | |
Valmont Industries, Inc. | 6,900 | 1,657,449 | |
3,677,635 | |||
Construction Materials - 1.0% | |||
Vulcan Materials Co. | 11,488 | 2,320,806 | |
Consumer Staples Distribution & Retail - 0.3% | |||
Casey's General Stores, Inc. | 1,309 | 355,420 | |
Sysco Corp. | 2,569 | 169,682 | |
US Foods Holding Corp. * | 2,148 | 85,276 | |
610,378 | |||
Diversified Consumer Services - 0.1% | |||
H&R Block, Inc. | 6,618 | 284,971 | |
Service Corp. International | 650 | 37,141 | |
322,112 | |||
Diversified Telecommunication Services - 0.1% | |||
Iridium Communications, Inc. | 2,855 | 129,874 | |
Electrical Equipment - 1.2% | |||
AMETEK, Inc. | 2,629 | 388,461 | |
Hubbell, Inc. | 1,254 | 393,016 | |
Rockwell Automation, Inc. | 7,131 | 2,038,539 | |
2,820,016 | |||
Electronic Equipment, Instruments & Components - 2.1% | |||
CDW Corp. | 3,399 | 685,782 | |
Flex Ltd. * | 37,615 | 1,014,853 | |
Keysight Technologies, Inc. * | 6,917 | 915,188 |
Global Atlantic BlackRock Disciplined Mid Cap Growth Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Shares/ Principal | Fair Value | ||
Electronic Equipment, Instruments & Components (continued) | |||
TE Connectivity Ltd. | 17,043 | $2,105,322 | |
4,721,145 | |||
Energy Equipment & Services - 0.0%† | |||
Halliburton Co. | 867 | 35,113 | |
Parker Drilling Co. * | 2 | 26 | |
35,139 | |||
Entertainment - 1.7% | |||
Electronic Arts, Inc. | 2,496 | 300,518 | |
Live Nation Entertainment, Inc. * | 1,203 | 99,897 | |
Playtika Holding Corp. * | 67,407 | 649,129 | |
ROBLOX Corp., Class A * | 33,712 | 976,300 | |
Spotify Technology SA * | 12,601 | 1,948,619 | |
3,974,463 | |||
Financial Services - 3.2% | |||
Apollo Global Management, Inc. | 15,209 | 1,365,160 | |
Block, Inc. * | 47,945 | 2,122,046 | |
Euronet Worldwide, Inc. * | 10,823 | 859,130 | |
FleetCor Technologies, Inc. * | 665 | 169,801 | |
Jack Henry & Associates, Inc. | 7,884 | 1,191,588 | |
Mastercard, Inc., Class A | 1,422 | 562,984 | |
Shift4 Payments, Inc., Class A * | 4,366 | 241,745 | |
StoneCo Ltd., Class A * | 8,140 | 86,854 | |
Toast, Inc., Class A * | 22,672 | 424,646 | |
WEX, Inc. * | 1,599 | 300,756 | |
7,324,710 | |||
Food Products - 0.4% | |||
Hershey Co. (The) | 4,416 | 883,553 | |
Ground Transportation - 1.5% | |||
Lyft, Inc., Class A * | 31,578 | 332,832 | |
Old Dominion Freight Line, Inc. | 5,891 | 2,410,244 | |
Saia, Inc. * | 1,672 | 666,543 | |
3,409,619 | |||
Health Care Equipment & Supplies - 6.7% | |||
Align Technology, Inc. * | 6,034 | 1,842,301 | |
Dexcom, Inc. * | 33,976 | 3,169,961 | |
Enovis Corp. * | 844 | 44,504 | |
IDEXX Laboratories, Inc. * | 8,882 | 3,883,832 | |
Inspire Medical Systems, Inc. * | 4,295 | 852,300 | |
Insulet Corp. * | 7,939 | 1,266,191 | |
Penumbra, Inc. * | 1,705 | 412,457 | |
ResMed, Inc. | 13,350 | 1,974,064 | |
Shockwave Medical, Inc. * | 642 | 127,822 | |
Stryker Corp. | 6,277 | 1,715,316 | |
15,288,748 | |||
Health Care Providers & Services - 2.5% | |||
Cencora, Inc. | 13,529 | 2,434,814 | |
Chemed Corp. | 387 | 201,124 | |
DaVita, Inc. * | 6,706 | 633,918 | |
Elevance Health, Inc. | 2,686 | 1,169,538 |
Shares/ Principal | Fair Value | ||
Health Care Providers & Services (continued) | |||
Ensign Group, Inc. (The) | 4,463 | $414,747 | |
HCA Healthcare, Inc. | 2,422 | 595,763 | |
Humana, Inc. | 222 | 108,007 | |
Tenet Healthcare Corp. * | 2,640 | 173,950 | |
5,731,861 | |||
Health Care Technology - 0.7% | |||
Teladoc Health, Inc. * | 40,706 | 756,725 | |
Veeva Systems, Inc., Class A * | 4,176 | 849,607 | |
1,606,332 | |||
Hotels, Restaurants & Leisure - 4.6% | |||
Boyd Gaming Corp. | 20,068 | 1,220,736 | |
Caesars Entertainment, Inc. * | 13,378 | 620,070 | |
Darden Restaurants, Inc. | 3,454 | 494,682 | |
Domino's Pizza, Inc. | 2,800 | 1,060,612 | |
DoorDash, Inc., Class A * | 13,804 | 1,097,004 | |
DraftKings, Inc., Class A * | 25,077 | 738,267 | |
Expedia Group, Inc. * | 8,517 | 877,847 | |
Royal Caribbean Cruises Ltd. * | 10,165 | 936,603 | |
Texas Roadhouse, Inc. | 10,091 | 969,745 | |
Travel + Leisure Co. | 45,005 | 1,653,034 | |
Wingstop, Inc. | 2,889 | 519,558 | |
Yum! Brands, Inc. | 2,232 | 278,866 | |
10,467,024 | |||
Household Durables - 0.8% | |||
Leggett & Platt, Inc. | 14,909 | 378,838 | |
PulteGroup, Inc. | 1,121 | 83,010 | |
Toll Brothers, Inc. | 10,282 | 760,457 | |
TopBuild Corp. * | 2,269 | 570,880 | |
1,793,185 | |||
Household Products - 0.7% | |||
Church & Dwight Co., Inc. | 9,733 | 891,835 | |
Clorox Co. (The) | 4,829 | 632,889 | |
Kimberly-Clark Corp. | 331 | 40,001 | |
1,564,725 | |||
Independent Power and Renewable Electricity Producers - 0.2% | |||
AES Corp. (The) | 25,587 | 388,922 | |
Insurance - 1.8% | |||
Arch Capital Group Ltd. * | 16,815 | 1,340,324 | |
Everest Group Ltd. | 4,760 | 1,769,149 | |
Kinsale Capital Group, Inc. | 2,065 | 855,178 | |
MetLife, Inc. | 2,858 | 179,797 | |
4,144,448 | |||
Interactive Media & Services - 1.6% | |||
Alphabet, Inc., Class A * | 7,541 | 986,816 | |
Match Group, Inc. * | 10,366 | 406,088 | |
Meta Platforms, Inc., Class A * | 3,548 | 1,065,145 | |
Pinterest, Inc., Class A * | 45,033 | 1,217,242 | |
ZoomInfo Technologies, Inc. * | 6,693 | 109,765 | |
3,785,056 |
Global Atlantic BlackRock Disciplined Mid Cap Growth Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Shares/ Principal | Fair Value | ||
IT Services - 2.6% | |||
Cloudflare, Inc., Class A * | 20,622 | $1,300,011 | |
EPAM Systems, Inc. * | 2,601 | 665,050 | |
Gartner, Inc. * | 4,749 | 1,631,804 | |
Globant SA * | 1,361 | 269,274 | |
GoDaddy, Inc., Class A * | 1,660 | 123,637 | |
MongoDB, Inc. * | 4,672 | 1,615,858 | |
Twilio, Inc., Class A * | 1,135 | 66,431 | |
VeriSign, Inc. * | 988 | 200,099 | |
5,872,164 | |||
Leisure Products - 0.2% | |||
Brunswick Corp. | 5,328 | 420,912 | |
Life Sciences Tools & Services - 4.6% | |||
10X Genomics, Inc., Class A * | 1,505 | 62,081 | |
Agilent Technologies, Inc. | 35,143 | 3,929,690 | |
Bruker Corp. | 14,864 | 926,027 | |
IQVIA Holdings, Inc. * | 2,417 | 475,545 | |
Medpace Holdings, Inc. * | 2,764 | 669,248 | |
Mettler-Toledo International, Inc. * | 2,261 | 2,505,346 | |
Waters Corp. * | 421 | 115,443 | |
West Pharmaceutical Services, Inc. | 5,015 | 1,881,678 | |
10,565,058 | |||
Machinery - 2.0% | |||
Graco, Inc. | 26,228 | 1,911,497 | |
Oshkosh Corp. | 7,420 | 708,091 | |
Otis Worldwide Corp. | 8,933 | 717,409 | |
Xylem, Inc. | 14,004 | 1,274,784 | |
4,611,781 | |||
Media - 1.4% | |||
Fox Corp., Class A | 21,409 | 667,961 | |
Liberty Media Corp-Liberty SiriusXM * | 6,632 | 168,851 | |
Trade Desk, Inc. (The), Class A * | 29,844 | 2,332,308 | |
3,169,120 | |||
Oil, Gas & Consumable Fuels - 3.6% | |||
APA Corp. | 7,625 | 313,387 | |
Cheniere Energy, Inc. | 9,724 | 1,613,795 | |
Devon Energy Corp. | 12,388 | 590,908 | |
Hess Corp. | 10,180 | 1,557,540 | |
Marathon Oil Corp. | 3,830 | 102,453 | |
Pioneer Natural Resources Co. | 249 | 57,158 | |
Targa Resources Corp. | 42,001 | 3,600,326 | |
Texas Pacific Land Corp. | 202 | 368,359 | |
Valero Energy Corp. | 385 | 54,558 | |
8,258,484 | |||
Personal Care Products - 0.0%† | |||
Oddity Tech Ltd., Class A * | 957 | 27,131 | |
Professional Services - 3.0% | |||
Insperity, Inc. | 3,491 | 340,722 | |
Paychex, Inc. | 27,629 | 3,186,452 | |
Paycom Software, Inc. | 1,923 | 498,576 | |
Paylocity Holding Corp. * | 2,914 | 529,474 |
Shares/ Principal | Fair Value | ||
Professional Services (continued) | |||
Verisk Analytics, Inc. | 10,196 | $2,408,703 | |
6,963,927 | |||
Real Estate Management & Development - 0.3% | |||
CoStar Group, Inc. * | 6,786 | 521,776 | |
Zillow Group, Inc., Class A * | 4,300 | 192,597 | |
714,373 | |||
Residential REITs - 0.3% | |||
Camden Property Trust | 6,593 | 623,566 | |
Retail REITs - 0.2% | |||
Simon Property Group, Inc. | 4,642 | 501,475 | |
Semiconductors & Semiconductor Equipment - 3.8% | |||
Applied Materials, Inc. | 4,083 | 565,291 | |
ARM Holdings PLC, ADR * | 4,469 | 239,181 | |
Axcelis Technologies, Inc. * | 1,857 | 302,784 | |
Enphase Energy, Inc. * | 2,220 | 266,733 | |
Intel Corp. | 10,267 | 364,992 | |
Lam Research Corp. | 725 | 454,408 | |
Lattice Semiconductor Corp. * | 17,130 | 1,471,981 | |
MaxLinear, Inc. * | 3,518 | 78,275 | |
Microchip Technology, Inc. | 22,870 | 1,785,004 | |
Monolithic Power Systems, Inc. | 1,226 | 566,412 | |
NVIDIA Corp. | 4,225 | 1,837,833 | |
Teradyne, Inc. | 7,052 | 708,444 | |
8,641,338 | |||
Software - 12.5% | |||
Adobe, Inc. * | 410 | 209,059 | |
Alteryx, Inc., Class A * | 1,642 | 61,887 | |
ANSYS, Inc. * | 4,032 | 1,199,722 | |
Autodesk, Inc. * | 1,279 | 264,638 | |
Cadence Design Systems, Inc. * | 5,143 | 1,205,005 | |
Confluent, Inc., Class A * | 1,685 | 49,893 | |
Crowdstrike Holdings, Inc., Class A * | 17,045 | 2,852,992 | |
Datadog, Inc., Class A * | 18,642 | 1,698,100 | |
DocuSign, Inc. * | 23,879 | 1,002,918 | |
Dropbox, Inc., Class A * | 50,087 | 1,363,869 | |
Dynatrace, Inc. * | 14,814 | 692,258 | |
Elastic NV * | 952 | 77,340 | |
Fair Isaac Corp. * | 1,336 | 1,160,356 | |
Five9, Inc. * | 4,645 | 298,674 | |
Fortinet, Inc. * | 11,609 | 681,216 | |
Gitlab, Inc., Class A * | 4,188 | 189,381 | |
Guidewire Software, Inc. * | 843 | 75,870 | |
HubSpot, Inc. * | 3,540 | 1,743,450 | |
Klaviyo, Inc., Class A * | 1,506 | 51,957 | |
Manhattan Associates, Inc. * | 17,670 | 3,492,652 | |
Microsoft Corp. | 7,863 | 2,482,742 | |
New Relic, Inc. * | 546 | 46,749 | |
Nutanix, Inc., Class A * | 692 | 24,137 |
Global Atlantic BlackRock Disciplined Mid Cap Growth Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
Shares/ Principal | Fair Value | ||
Software (continued) | |||
Palantir Technologies, Inc., Class A * | 108,660 | $1,738,560 | |
Pegasystems, Inc. | 1,862 | 80,829 | |
RingCentral, Inc., Class A * | 19,866 | 588,630 | |
Smartsheet, Inc., Class A * | 15,283 | 618,350 | |
Splunk, Inc. * | 9,010 | 1,317,713 | |
Teradata Corp. * | 25,295 | 1,138,781 | |
UiPath, Inc., Class A * | 29,956 | 512,547 | |
Unity Software, Inc. * | 15,601 | 489,715 | |
Zscaler, Inc. * | 7,658 | 1,191,508 | |
28,601,498 | |||
Specialized REITs - 0.6% | |||
SBA Communications Corp., Class A | 6,715 | 1,344,142 | |
Specialty Retail - 4.2% | |||
AutoNation, Inc. * | 2,760 | 417,864 | |
Best Buy Co., Inc. | 12,240 | 850,313 | |
Burlington Stores, Inc. * | 8,361 | 1,131,243 | |
Chewy, Inc., Class A * | 9,178 | 167,590 | |
Five Below, Inc. * | 11,005 | 1,770,704 | |
Murphy USA, Inc. | 497 | 169,840 | |
O'Reilly Automotive, Inc. * | 431 | 391,719 | |
Penske Automotive Group, Inc. | 3,384 | 565,331 | |
Petco Health & Wellness Co., Inc. * | 3,630 | 14,847 | |
Ross Stores, Inc. | 10,055 | 1,135,712 | |
TJX Cos., Inc. (The) | 6,217 | 552,567 | |
Tractor Supply Co. | 2,919 | 592,703 | |
Ulta Beauty, Inc. * | 3,717 | 1,484,756 | |
Wayfair, Inc., Class A * | 4,922 | 298,125 | |
9,543,314 | |||
Technology Hardware, Storage & Peripherals - 2.0% | |||
Apple, Inc. | 1,128 | 193,125 | |
Dell Technologies, Inc., Class C | 10,938 | 753,628 | |
Hewlett Packard Enterprise Co. | 44,873 | 779,444 | |
HP, Inc. | 77,726 | 1,997,558 | |
Pure Storage, Inc., Class A * | 25,009 | 890,821 | |
4,614,576 | |||
Textiles, Apparel & Luxury Goods - 1.5% | |||
Crocs, Inc. * | 6,883 | 607,287 | |
Deckers Outdoor Corp. * | 71 | 36,500 | |
Lululemon Athletica, Inc. * | 1,681 | 648,210 | |
Skechers USA, Inc., Class A * | 38,290 | 1,874,296 | |
Tapestry, Inc. | 12,038 | 346,093 | |
3,512,386 | |||
Trading Companies & Distributors - 2.2% | |||
Herc Holdings, Inc. | 566 | 67,320 | |
SiteOne Landscape Supply, Inc. * | 2,509 | 410,096 | |
WW Grainger, Inc. | 6,689 | 4,627,718 | |
5,105,134 | |||
Total Common Stocks | |||
(Cost - $212,792,822) | 225,647,271 |
Shares/ Principal | Fair Value | ||
Rights - 0.0%† | |||
ABIOMED, Inc.* | 1,883 | $1,921 | |
Achillion Pharmaceuticals, Inc., CVR* | 1,183 | 544 | |
Prevail Therapeutics, Inc., CVR* | 107 | 53 | |
Total Rights | |||
(Cost - $0) | 2,518 | ||
Short-Term Investments - 1.5% | |||
Money Market Funds - 1.5% | |||
Fidelity Investments Money Market Fund - Government Portfolio, Institutional Class, 5.23%(a) (Cost - $3,473,364) | 3,473,364 | 3,473,364 | |
Total Investments - 100.0% | |||
(Cost - $216,266,186) | $229,123,153 | ||
Other Assets Less Liabilities - Net 0.0%† | 58,346 | ||
Total Net Assets - 100.0% | $229,181,499 |
Global Atlantic BlackRock Disciplined Mid Cap Growth Portfolio
Portfolio of Investments (Unaudited) (Continued)
September 30, 2023
* | Non-income producing security. |
† | Represents less than 0.05%. |
(a) | The rate shown is the annualized seven-day yield at period end. |
ADR | - | American Depositary Receipt |
CVR | - | Contingent Value Rights |
PLC | - | Public Limited Company |
Futures Contracts | |||||||||||
Counterparty | Number of Contracts | Expiration Date | Notional Value | Fair Value/Unrealized Appreciation (Depreciation) | |||||||
Long Futures Contracts | |||||||||||
S&P 500 E-Mini Future | Goldman Sachs & Co. | 17 | 12/15/2023 | $3,676,675 | $(138,513) | ||||||