Shares
Market
Value
COMMON
STOCKS
(Continued)
Entertainment
(Continued)
120,000
ITV
plc
.....................................................
$
122,570
40,000
Tencent
Music
Entertainment
Group,
ADR†
331,200
10,000
Universal
Music
Group
NV
........................
252,743
26,000
Vivendi
SE
................................................
262,232
20,000
Warner
Bros
Discovery
Inc.†
....................
302,000
1,955,911
Equipment
and
Supplies
—
1.9%
200
AMETEK
Inc.
............................................
29,066
4,500
Graco
Inc.
................................................
328,545
40,000
Instalco
AB
..............................................
192,620
10,700
Mueller
Industries
Inc.
..............................
786,236
1,336,467
Financial
Services
—
7.9%
1,000
American
Express
Co.
...............................
164,950
2,000
American
International
Group
Inc.
.............
100,720
3,000
Bank
of
America
Corp.
..............................
85,800
3
Berkshire
Hathaway
Inc.,
Cl. A†
................
1,396,800
7,500
Citigroup
Inc.
...........................................
351,675
3,200
Comerica
Inc.
...........................................
138,944
8,000
Deutsche
Bank
AG
....................................
81,680
5,500
EXOR
NV†
................................................
452,367
27,000
FinecoBank
Banca
Fineco
SpA
...................
414,040
100,000
GAM
Holding
AG†
....................................
60,768
1,600
Julius
Baer
Group
Ltd.
..............................
108,981
16,500
Kinnevik
AB,
Cl. A†
...................................
268,032
4,400
Morgan
Stanley
........................................
386,320
40,000
Resona
Holdings
Inc.
...............................
192,657
3,000
State
Street
Corp.
.....................................
227,070
1,000
T.
Rowe
Price
Group
Inc.
..........................
112,900
10,000
The
Bank
of
New
York
Mellon
Corp.
..........
454,400
1,500
The
PNC
Financial
Services
Group
Inc.
......
190,650
7,000
UBS
Group
AG
.........................................
149,380
4,000
Wells
Fargo
&
Co.
....................................
149,520
5,487,654
Food
and
Beverage
—
15.4%
5,000
Campbell
Soup
Co.
...................................
274,900
8,000
Chr.
Hansen
Holding
A/S
...........................
606,753
6,000
Danone
SA
...............................................
372,916
45,000
Davide
Campari-Milano
NV
.......................
549,028
6,000
Diageo
plc,
ADR
.......................................
1,087,080
6,000
Fomento
Economico
Mexicano
SAB
de
CV,
ADR
.....................................................
571,140
2,000
Heineken
NV
............................................
214,861
2,500
Kellogg
Co.
..............................................
167,400
4,000
Kerry
Group
plc,
Cl. A
...............................
399,096
10,600
Kikkoman
Corp.
........................................
538,083
10,000
Maple
Leaf
Foods
Inc.
..............................
193,489
3,000
McCormick
&
Co.
Inc.
..............................
247,800
3,000
McCormick
&
Co.
Inc.,
Non-Voting
...........
249,630
Shares
Market
Value
4,000
Molson
Coors
Beverage
Co.,
Cl. B
.............
$
206,720
14,000
Nestlé
SA
.................................................
1,705,492
3,500
Pernod
Ricard
SA
.....................................
792,173
12,100
Remy
Cointreau
SA
..................................
2,204,572
5,400
The
Kraft
Heinz
Co.
...................................
208,818
1,500
Yakult
Honsha
Co.
Ltd.
.............................
108,793
300,000
Yashili
International
Holdings
Ltd.†
...........
45,096
10,743,840
Health
Care
—
2.1%
20,000
Achaogen
Inc.†(a)
....................................
0
4,000
Bristol-Myers
Squibb
Co.
..........................
277,240
8,000
Clovis
Oncology
Inc.†
...............................
871
5,000
Cutera
Inc.†
.............................................
118,100
800
GSK
plc,
ADR
...........................................
28,464
1,000
Haleon
plc,
ADR
.......................................
8,140
700
ICU
Medical
Inc.†
.....................................
115,472
4,666
Idorsia
Ltd.†
............................................
51,099
1,600
Johnson
&
Johnson
.................................
248,000
6,000
Pfizer
Inc.
................................................
244,800
5,000
Roche
Holding
AG,
ADR
...........................
179,300
18,000
Viatris
Inc.
...............................................
173,160
1,444,646
Hotels
and
Gaming
—
1.0%
190,000
Mandarin
Oriental
International
Ltd.†
........
328,700
200,000
The
Hongkong
&
Shanghai
Hotels
Ltd.†
....
199,238
1,400
Wynn
Resorts
Ltd.†
..................................
156,674
684,612
Machinery
—
3.5%
90,000
CNH
Industrial
NV,
Borsa
Italiana
..............
1,374,278
50,000
CNH
Industrial
NV,
New
York
....................
763,500
2,666
NKT
A/S†
.................................................
138,552
15,024
Twin
Disc
Inc.†
.........................................
144,531
2,420,861
Publishing
—
0.3%
26,000
The
E.W.
Scripps
Co.,
Cl. A†
.....................
244,660
Retail
—
1.1%
4,000
Nathan's
Famous
Inc.
...............................
302,400
11,000
Walgreens
Boots
Alliance
Inc.
...................
380,380
1,700
Zalando
SE†
.............................................
71,054
753,834
Specialty
Chemicals
—
0.8%
700
Ashland
Inc.
.............................................
71,897
3,700
International
Flavors
&
Fragrances
Inc.
.....
340,252
1,500
Livent
Corp.†
...........................................
32,580
200
The
Chemours
Co.
....................................
5,988
4,000
Valvoline
Inc.
...........................................
139,760
590,477
Telecommunications
—
3.1%
800
Cogeco
Communications
Inc.
...................
38,967
