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| | | VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY |
NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
AbbVie, Inc. | COM | 00287Y109 | 28,650,901 | 179,776 | SH | | SOLE | | 179,776 | 0 | 0 |
Accenture plc Class A | COM | G1151C101 | 28,900,821 | 101,119 | SH | | SOLE | | 101,119 | 0 | 0 |
Adams Natural Resources Fund, Inc. | COM | 00548F105 | 44,960,073 | 2,186,774 | SH | | SOLE | | 2,186,774 | 0 | 0 |
Advanced Micro Devices, Inc. | COM | 007903107 | 10,418,463 | 106,300 | SH | | SOLE | | 106,300 | 0 | 0 |
AES Corporation | COM | 00130H105 | 14,026,600 | 582,500 | SH | | SOLE | | 582,500 | 0 | 0 |
Air Products and Chemicals, Inc. | COM | 009158106 | 7,697,228 | 26,800 | SH | | SOLE | | 26,800 | 0 | 0 |
Allegion plc | COM | G0176J109 | 16,009,500 | 150,000 | SH | | SOLE | | 150,000 | 0 | 0 |
Alphabet Inc. Class A | COM | 02079K305 | 62,901,872 | 606,400 | SH | | SOLE | | 606,400 | 0 | 0 |
Amazon.com, Inc. | COM | 023135106 | 55,580,349 | 538,100 | SH | | SOLE | | 538,100 | 0 | 0 |
American International Group, Inc. | COM | 026874784 | 10,066,964 | 199,900 | SH | | SOLE | | 199,900 | 0 | 0 |
AmerisourceBergen Corporation | COM | 03073E105 | 25,121,259 | 156,900 | SH | | SOLE | | 156,900 | 0 | 0 |
ANSYS, Inc. | COM | 03662Q105 | 17,338,880 | 52,100 | SH | | SOLE | | 52,100 | 0 | 0 |
Apple Inc. | COM | 037833100 | 157,397,050 | 954,500 | SH | | SOLE | | 954,500 | 0 | 0 |
Arista Networks, Inc. | COM | 040413106 | 20,796,343 | 123,891 | SH | | SOLE | | 123,891 | 0 | 0 |
Autodesk, Inc. | COM | 052769106 | 14,654,464 | 70,400 | SH | | SOLE | | 70,400 | 0 | 0 |
Automatic Data Processing, Inc. | COM | 053015103 | 10,129,665 | 45,500 | SH | | SOLE | | 45,500 | 0 | 0 |
Bank of America Corp. | COM | 060505104 | 12,726,085 | 444,968 | SH | | SOLE | | 444,968 | 0 | 0 |
Berkshire Hathaway Inc. Class B | COM | 084670702 | 34,055,478 | 110,294 | SH | | SOLE | | 110,294 | 0 | 0 |
Booking Holdings Inc. | COM | 09857L108 | 28,115,546 | 10,600 | SH | | SOLE | | 10,600 | 0 | 0 |
Capri Holdings Limited | COM | G1890L107 | 11,656,000 | 248,000 | SH | | SOLE | | 248,000 | 0 | 0 |
Carrier Global Corporation | COM | 14448C104 | 10,559,740 | 230,814 | SH | | SOLE | | 230,814 | 0 | 0 |
CenterPoint Energy, Inc. | COM | 15189T107 | 13,569,276 | 460,600 | SH | | SOLE | | 460,600 | 0 | 0 |
Charles Schwab Corp. | COM | 808513105 | 23,330,052 | 445,400 | SH | | SOLE | | 445,400 | 0 | 0 |
Cisco Systems, Inc. | COM | 17275R102 | 26,268,188 | 502,500 | SH | | SOLE | | 502,500 | 0 | 0 |
Comcast Corporation Class A | COM | 20030N101 | 20,206,030 | 533,000 | SH | | SOLE | | 533,000 | 0 | 0 |
Communication Services Select Sector SPDR Fund | COM | 81369Y852 | 7,099,354 | 122,466 | SH | | SOLE | | 122,466 | 0 | 0 |
ConocoPhillips | COM | 20825C104 | 19,097,925 | 192,500 | SH | | SOLE | | 192,500 | 0 | 0 |
CVS Health Corporation | COM | 126650100 | 19,816,545 | 266,674 | SH | | SOLE | | 266,674 | 0 | 0 |
DexCom, Inc. | COM | 252131107 | 22,650,104 | 194,957 | SH | | SOLE | | 194,957 | 0 | 0 |
Eli Lilly and Company | COM | 532457108 | 26,363,667 | 76,768 | SH | | SOLE | | 76,768 | 0 | 0 |
Estee Lauder Companies Inc. Class A | COM | 518439104 | 15,444,909 | 62,667 | SH | | SOLE | | 62,667 | 0 | 0 |
Exxon Mobil Corporation | COM | 30231G102 | 7,004,423 | 63,874 | SH | | SOLE | | 63,874 | 0 | 0 |
FMC Corporation | COM | 302491303 | 10,527,606 | 86,200 | SH | | SOLE | | 86,200 | 0 | 0 |
General Dynamics Corporation | COM | 369550108 | 25,057,458 | 109,800 | SH | | SOLE | | 109,800 | 0 | 0 |
Health Care Select Sector SPDR Fund | COM | 81369Y209 | 9,083,302 | 70,163 | SH | | SOLE | | 70,163 | 0 | 0 |
Home Depot, Inc. | COM | 437076102 | 17,116,960 | 58,000 | SH | | SOLE | | 58,000 | 0 | 0 |
Incyte Corporation | COM | 45337C102 | 21,991,761 | 304,300 | SH | | SOLE | | 304,300 | 0 | 0 |
Industrial Select Sector SPDR Fund | COM | 81369Y704 | 12,708,208 | 125,600 | SH | | SOLE | | 125,600 | 0 | 0 |
Ingersoll Rand Inc. | COM | 45687V106 | 17,622,722 | 302,900 | SH | | SOLE | | 302,900 | 0 | 0 |
Intuit Inc. | COM | 461202103 | 21,221,508 | 47,600 | SH | | SOLE | | 47,600 | 0 | 0 |
Johnson & Johnson | COM | 478160104 | 18,879,000 | 121,800 | SH | | SOLE | | 121,800 | 0 | 0 |
JPMorgan Chase & Co. | COM | 46625H100 | 39,547,391 | 303,487 | SH | | SOLE | | 303,487 | 0 | 0 |
Lam Research Corporation | COM | 512807108 | 25,922,868 | 48,900 | SH | | SOLE | | 48,900 | 0 | 0 |
Las Vegas Sands Corp. | COM | 517834107 | 13,202,010 | 229,800 | SH | | SOLE | | 229,800 | 0 | 0 |
Lincoln Electric Holdings, Inc. | COM | 533900106 | 9,330,938 | 55,180 | SH | | SOLE | | 55,180 | 0 | 0 |
Linde plc | COM | G54950103 | 17,985,264 | 50,600 | SH | | SOLE | | 50,600 | 0 | 0 |
Manhattan Associates, Inc. | COM | 562750109 | 17,296,745 | 111,700 | SH | | SOLE | | 111,700 | 0 | 0 |
Marathon Petroleum Corporation | COM | 56585A102 | 20,674,428 | 153,337 | SH | | SOLE | | 153,337 | 0 | 0 |
MarketAxess Holdings Inc. | COM | 57060D108 | 15,565,907 | 39,781 | SH | | SOLE | | 39,781 | 0 | 0 |
Mastercard Incorporated Class A | COM | 57636Q104 | 33,601,615 | 92,462 | SH | | SOLE | | 92,462 | 0 | 0 |
Merck & Co., Inc. | COM | 58933Y105 | 8,936,760 | 84,000 | SH | | SOLE | | 84,000 | 0 | 0 |
Meta Platforms, Inc. Class A | COM | 30303M102 | 29,989,510 | 141,500 | SH | | SOLE | | 141,500 | 0 | 0 |
Microsoft Corporation | COM | 594918104 | 149,252,910 | 517,700 | SH | | SOLE | | 517,700 | 0 | 0 |
Monster Beverage Corporation | COM | 61174X109 | 16,303,891 | 301,868 | SH | | SOLE | | 301,868 | 0 | 0 |
Morgan Stanley | COM | 617446448 | 22,992,098 | 261,869 | SH | | SOLE | | 261,869 | 0 | 0 |
Netflix, Inc. | COM | 64110L106 | 10,372,001 | 30,022 | SH | | SOLE | | 30,022 | 0 | 0 |
NVIDIA Corporation | COM | 67066G104 | 46,220,928 | 166,400 | SH | | SOLE | | 166,400 | 0 | 0 |
Oracle Corporation | COM | 68389X105 | 10,165,448 | 109,400 | SH | | SOLE | | 109,400 | 0 | 0 |
O'Reilly Automotive, Inc. | COM | 67103H107 | 20,884,908 | 24,600 | SH | | SOLE | | 24,600 | 0 | 0 |
Parker-Hannifin Corporation | COM | 701094104 | 17,328,823 | 51,557 | SH | | SOLE | | 51,557 | 0 | 0 |
Paycom Software, Inc. | COM | 70432V102 | 13,437,242 | 44,200 | SH | | SOLE | | 44,200 | 0 | 0 |
PepsiCo, Inc. | COM | 713448108 | 14,365,240 | 78,800 | SH | | SOLE | | 78,800 | 0 | 0 |
Pfizer Inc. | COM | 717081103 | 10,838,928 | 265,660 | SH | | SOLE | | 265,660 | 0 | 0 |
Philip Morris International Inc. | COM | 718172109 | 22,118,054 | 227,435 | SH | | SOLE | | 227,435 | 0 | 0 |
Pioneer Natural Resources Company | COM | 723787107 | 12,989,664 | 63,600 | SH | | SOLE | | 63,600 | 0 | 0 |
PPL Corporation | COM | 69351T106 | 16,020,935 | 576,500 | SH | | SOLE | | 576,500 | 0 | 0 |
Prologis, Inc. | COM | 74340W103 | 21,809,796 | 174,800 | SH | | SOLE | | 174,800 | 0 | 0 |
Public Storage | COM | 74460D109 | 9,608,052 | 31,800 | SH | | SOLE | | 31,800 | 0 | 0 |
QUALCOMM Incorporated | COM | 747525103 | 23,359,898 | 183,100 | SH | | SOLE | | 183,100 | 0 | 0 |
Quanta Services, Inc. | COM | 74762E102 | 19,830,160 | 119,000 | SH | | SOLE | | 119,000 | 0 | 0 |
Realty Income Corporation | COM | 756109104 | 12,087,788 | 190,900 | SH | | SOLE | | 190,900 | 0 | 0 |
Regeneron Pharmaceuticals, Inc. | COM | 75886F107 | 27,525,945 | 33,500 | SH | | SOLE | | 33,500 | 0 | 0 |
SBA Communications Corp. Class A | COM | 78410G104 | 11,800,364 | 45,200 | SH | | SOLE | | 45,200 | 0 | 0 |
Sempra Energy | COM | 816851109 | 15,841,568 | 104,800 | SH | | SOLE | | 104,800 | 0 | 0 |
Sherwin-Williams Company | COM | 824348106 | 10,339,420 | 46,000 | SH | | SOLE | | 46,000 | 0 | 0 |
Steel Dynamics, Inc. | COM | 858119100 | 11,136,410 | 98,500 | SH | | SOLE | | 98,500 | 0 | 0 |
Sysco Corporation | COM | 871829107 | 13,970,907 | 180,900 | SH | | SOLE | | 180,900 | 0 | 0 |
Technology Select Sector SPDR Fund | COM | 81369Y803 | 4,466,876 | 29,580 | SH | | SOLE | | 29,580 | 0 | 0 |
Tesla, Inc. | COM | 88160R101 | 27,280,990 | 131,500 | SH | | SOLE | | 131,500 | 0 | 0 |
Boeing Company | COM | 097023105 | 22,517,580 | 106,000 | SH | | SOLE | | 106,000 | 0 | 0 |
Coca-Cola Company | COM | 191216100 | 10,278,371 | 165,700 | SH | | SOLE | | 165,700 | 0 | 0 |
Procter & Gamble Company | COM | 742718109 | 36,614,764 | 246,249 | SH | | SOLE | | 246,249 | 0 | 0 |
Walt Disney Company | COM | 254687106 | 21,958,509 | 219,300 | SH | | SOLE | | 219,300 | 0 | 0 |
Thermo Fisher Scientific Inc. | COM | 883556102 | 44,149,942 | 76,600 | SH | | SOLE | | 76,600 | 0 | 0 |
TJX Companies, Inc. | COM | 872540109 | 21,161,902 | 270,060 | SH | | SOLE | | 270,060 | 0 | 0 |
T-Mobile US, Inc. | COM | 872590104 | 24,893,651 | 171,870 | SH | | SOLE | | 171,870 | 0 | 0 |
Tractor Supply Company | COM | 892356106 | 22,256,173 | 94,691 | SH | | SOLE | | 94,691 | 0 | 0 |
TransDigm Group Incorporated | COM | 893641100 | 19,679,235 | 26,700 | SH | | SOLE | | 26,700 | 0 | 0 |
Union Pacific Corporation | COM | 907818108 | 18,636,676 | 92,600 | SH | | SOLE | | 92,600 | 0 | 0 |
UnitedHealth Group Incorporated | COM | 91324P102 | 46,928,187 | 99,300 | SH | | SOLE | | 99,300 | 0 | 0 |
Visa Inc. Class A | COM | 92826C839 | 39,974,058 | 177,300 | SH | | SOLE | | 177,300 | 0 | 0 |
Walmart Inc. | COM | 931142103 | 28,749,948 | 194,981 | SH | | SOLE | | 194,981 | 0 | 0 |
Wells Fargo & Company | COM | 949746101 | 32,161,752 | 860,400 | SH | | SOLE | | 860,400 | 0 | 0 |
Willis Towers Watson plc | COM | G96629103 | 22,471,146 | 96,700 | SH | | SOLE | | 96,700 | 0 | 0 |
YUM! Brands, Inc. | COM | 988498101 | 14,951,456 | 113,200 | SH | | SOLE | | 113,200 | 0 | 0 |