Auto-Owners Insurance Co — Q2 2025 13F Holdings

Holdings as of June 30, 2025

Portfolio value

$4.48T

Holdings count

187

187 positions reported

Accession #

0001964189-25-000002

Form 13F-HR

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All Reported Positions

187 positions sorted by value

187 positions

Issuer	CUSIP	Valuev	Weight	Shares/Prin.	Discretion	Voting (Sole/Shared/None)
SPDR INDEX SHS FDSPORTFOLIO DEVLPD	78463X889	$533.21B	11.89%	13,169,000shares	SOLE	13,169,000 / 0 / 0
ISHARES TRCORE S&P TTL STK	464287150	$328.94B	7.34%	2,435,840shares	SOLE	2,435,840 / 0 / 0
SPDR SER TRNYSE TECH ETF	78464A102	$325.41B	7.26%	1,371,400shares	SOLE	1,371,400 / 0 / 0
SCHWAB STRATEGIC TRFUNDAMENTAL INTL	808524755	$296.38B	6.61%	7,416,000shares	SOLE	7,416,000 / 0 / 0
ISHARES TREAFE VALUE ETF	464288877	$211.90B	4.73%	3,338,000shares	SOLE	3,338,000 / 0 / 0
ISHARES TRCORE MSCI INTL	46435G326	$169.31B	3.78%	2,226,000shares	SOLE	2,226,000 / 0 / 0
META PLATFORMS INCCL A	30303M102	$109.35B	2.44%	148,150shares	SOLE	148,150 / 0 / 0
GE AEROSPACECOM NEW	369604301	$106.78B	2.38%	414,848shares	SOLE	414,848 / 0 / 0
BERKSHIRE HATHAWAY INC DELCL A	084670108	$105.68B	2.36%	145shares	SOLE	145 / 0 / 0
SPDR INDEX SHS FDSPORTFOLIO DEVLPD	78463X889	$103.78B	2.31%	2,563,000shares	DFND	0 / 2,563,000 / 0
ALPHABET INCCAP STK CL C	02079K107	$84.22B	1.88%	474,800shares	SOLE	474,800 / 0 / 0
SPDR INDEX SHS FDSPORTFOLIO DEVLPD	78463X889	$74.66B	1.67%	1,844,000shares	DFND	0 / 1,844,000 / 0
AMAZON COM INCCOM	023135106	$63.69B	1.42%	290,300shares	SOLE	290,300 / 0 / 0
SPDR SER TRPRTFLO S&P500 HI	78468R788	$57.68B	1.29%	1,360,000shares	SOLE	1,360,000 / 0 / 0
VANGUARD WHITEHALL FDSHIGH DIV YLD	921946406	$55.02B	1.23%	412,700shares	SOLE	412,700 / 0 / 0
GE VERNOVA INCCOM	36828A101	$54.88B	1.22%	103,709shares	SOLE	103,709 / 0 / 0
VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT	921943858	$52.04B	1.16%	912,750shares	SOLE	912,750 / 0 / 0
VANGUARD INDEX FDSSMALL CP ETF	922908751	$51.29B	1.14%	216,428shares	SOLE	216,428 / 0 / 0
3M COCOM	88579Y101	$49.08B	1.09%	322,390shares	SOLE	322,390 / 0 / 0
HUNTINGTON INGALLS INDS INCCOM	446413106	$45.15B	1.01%	187,000shares	SOLE	187,000 / 0 / 0
MICROSOFT CORPCOM	594918104	$44.84B	1.00%	90,145shares	SOLE	90,145 / 0 / 0
RTX CORPORATIONCOM	75513E101	$44.38B	0.99%	303,919shares	SOLE	303,919 / 0 / 0
JOHNSON & JOHNSONCOM	478160104	$44.03B	0.98%	288,260shares	SOLE	288,260 / 0 / 0
DOW INCCOM	260557103	$42.66B	0.95%	1,611,000shares	SOLE	1,611,000 / 0 / 0
POLARIS INCCOM	731068102	$42.07B	0.94%	1,035,000shares	SOLE	1,035,000 / 0 / 0
PEPSICO INCCOM	713448108	$41.64B	0.93%	315,378shares	SOLE	315,378 / 0 / 0
ISHARES TRCORE S&P TTL STK	464287150	$41.53B	0.93%	307,550shares	DFND	0 / 307,550 / 0
ISHARES INCEM MKTS DIV ETF	464286319	$40.97B	0.91%	1,430,000shares	SOLE	1,430,000 / 0 / 0
VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF	922042858	$40.89B	0.91%	826,716shares	SOLE	826,716 / 0 / 0
SPDR SER TRPORTFOLIO S&P400	78464A847	$40.79B	0.91%	750,000shares	SOLE	750,000 / 0 / 0
COCA COLA COCOM	191216100	$37.18B	0.83%	525,500shares	SOLE	525,500 / 0 / 0
GSK PLCSPONSORED ADR	37733W204	$35.44B	0.79%	923,000shares	SOLE	923,000 / 0 / 0
ISHARES TRCORE S&P US VLU	464287663	$35.40B	0.79%	374,000shares	SOLE	374,000 / 0 / 0
CISCO SYS INCCOM	17275R102	$34.96B	0.78%	503,940shares	SOLE	503,940 / 0 / 0
ISHARES TRCORE S&P TTL STK	464287150	$33.76B	0.75%	250,020shares	DFND	0 / 250,020 / 0
BAXTER INTL INCCOM	071813109	$31.79B	0.71%	1,050,000shares	SOLE	1,050,000 / 0 / 0
ENTERPRISE PRODS PARTNERS LCOM	293792107	$31.01B	0.69%	1,000,000shares	SOLE	1,000,000 / 0 / 0
COCA-COLA FEMSA SAB DE CVSPONS ADS REP	191241108	$29.02B	0.65%	300,000shares	SOLE	300,000 / 0 / 0
MSC INDL DIRECT INCCL A	553530106	$28.38B	0.63%	333,800shares	SOLE	333,800 / 0 / 0
US BANCORP DELCOM NEW	902973304	$28.28B	0.63%	625,000shares	SOLE	625,000 / 0 / 0
BECTON DICKINSON & COCOM	075887109	$26.69B	0.60%	154,935shares	SOLE	154,935 / 0 / 0
ISHARES TRCORE S&P US VLU	464287663	$25.93B	0.58%	274,000shares	DFND	0 / 274,000 / 0
DUPONT DE NEMOURS INCCOM	26614N102	$25.08B	0.56%	365,627shares	SOLE	365,627 / 0 / 0
VANGUARD WORLD FDCONSUM DIS ETF	92204A108	$24.88B	0.55%	68,700shares	SOLE	68,700 / 0 / 0
SPDR SER TRNYSE TECH ETF	78464A102	$22.28B	0.50%	93,900shares	DFND	0 / 93,900 / 0
VANGUARD WHITEHALL FDSHIGH DIV YLD	921946406	$22.26B	0.50%	167,000shares	DFND	0 / 167,000 / 0
ISHARES TRCORE DIV GRWTH	46434V621	$21.71B	0.48%	339,500shares	SOLE	339,500 / 0 / 0
GE HEALTHCARE TECHNOLOGIES ICOMMON STOCK	36266G107	$21.61B	0.48%	291,781shares	SOLE	291,781 / 0 / 0
ISHARES INCCORE MSCI EMKT	46434G103	$21.61B	0.48%	360,000shares	SOLE	360,000 / 0 / 0
ISHARES TREAFE VALUE ETF	464288877	$20.95B	0.47%	330,000shares	DFND	0 / 330,000 / 0
SCHWAB STRATEGIC TRFUNDAMENTAL INTL	808524755	$20.74B	0.46%	519,000shares	DFND	0 / 519,000 / 0
ISHARES TRCORE S&P US VLU	464287663	$20.44B	0.46%	216,000shares	DFND	0 / 216,000 / 0
VANGUARD WHITEHALL FDSHIGH DIV YLD	921946406	$19.26B	0.43%	144,500shares	DFND	0 / 144,500 / 0
FMC CORPCOM NEW	302491303	$18.79B	0.42%	450,000shares	SOLE	450,000 / 0 / 0
ISHARES TREAFE VALUE ETF	464288877	$18.73B	0.42%	295,000shares	DFND	0 / 295,000 / 0
AMERISAFE INCCOM	03071H100	$18.67B	0.42%	426,900shares	SOLE	426,900 / 0 / 0
CARNIVAL CORPUNIT 99/99/9999	143658300	$18.28B	0.41%	650,000shares	SOLE	650,000 / 0 / 0
SPDR SER TRPRTFLO S&P500 HI	78468R788	$17.81B	0.40%	420,000shares	DFND	0 / 420,000 / 0
SCHWAB STRATEGIC TRFUNDAMENTAL INTL	808524755	$16.71B	0.37%	418,000shares	DFND	0 / 418,000 / 0
SELECT SECTOR SPDR TRRL EST SEL SEC	81369Y860	$16.64B	0.37%	401,531shares	SOLE	401,531 / 0 / 0
VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF	922042858	$15.48B	0.35%	313,000shares	DFND	0 / 313,000 / 0
HONDA MOTOR LTDADR ECH CNV IN 3	438128308	$15.36B	0.34%	532,650shares	SOLE	532,650 / 0 / 0
GE AEROSPACECOM NEW	369604301	$14.35B	0.32%	55,762shares	DFND	0 / 55,762 / 0
META PLATFORMS INCCL A	30303M102	$14.17B	0.32%	19,200shares	DFND	0 / 19,200 / 0
AVALONBAY CMNTYS INCCOM	053484101	$13.23B	0.30%	65,000shares	SOLE	65,000 / 0 / 0
SPDR SER TRNYSE TECH ETF	78464A102	$13.10B	0.29%	55,200shares	DFND	0 / 55,200 / 0
TRUIST FINL CORPCOM	89832Q109	$12.38B	0.28%	288,000shares	SOLE	288,000 / 0 / 0
ALPHABET INCCAP STK CL C	02079K107	$12.06B	0.27%	68,000shares	DFND	0 / 68,000 / 0
SPDR SER TRPRTFLO S&P500 HI	78468R788	$11.45B	0.26%	270,000shares	DFND	0 / 270,000 / 0
INTEL CORPCOM	458140100	$10.20B	0.23%	455,308shares	SOLE	455,308 / 0 / 0
SPDR SER TRPORTFOLIO S&P400	78464A847	$9.79B	0.22%	180,000shares	DFND	0 / 180,000 / 0
KRAFT HEINZ COCOM	500754106	$9.60B	0.21%	371,998shares	SOLE	371,998 / 0 / 0
AMAZON COM INCCOM	023135106	$9.43B	0.21%	43,000shares	DFND	0 / 43,000 / 0
KELLANOVACOM	487836108	$8.70B	0.19%	109,400shares	SOLE	109,400 / 0 / 0
VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF	922042858	$8.46B	0.19%	171,000shares	DFND	0 / 171,000 / 0
GE AEROSPACECOM NEW	369604301	$8.25B	0.18%	32,050shares	DFND	0 / 32,050 / 0
ENBRIDGE INCCOM	29250N105	$8.12B	0.18%	179,110shares	SOLE	179,110 / 0 / 0
ISHARES TRCORE MSCI INTL	46435G326	$7.83B	0.17%	103,000shares	DFND	0 / 103,000 / 0
WORKDAY INCCL A	98138H101	$7.82B	0.17%	32,600shares	SOLE	32,600 / 0 / 0
GE VERNOVA INCCOM	36828A101	$7.38B	0.16%	13,940shares	DFND	0 / 13,940 / 0
ALPHABET INCCAP STK CL C	02079K107	$6.74B	0.15%	38,000shares	DFND	0 / 38,000 / 0
ISHARES TRCORE DIV GRWTH	46434V621	$6.39B	0.14%	100,000shares	DFND	0 / 100,000 / 0
VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT	921943858	$6.39B	0.14%	112,000shares	DFND	0 / 112,000 / 0
ISHARES TRCORE MSCI INTL	46435G326	$6.31B	0.14%	83,000shares	DFND	0 / 83,000 / 0
SPDR SER TRPORTFOLIO S&P400	78464A847	$5.98B	0.13%	110,000shares	DFND	0 / 110,000 / 0
AMAZON COM INCCOM	023135106	$5.48B	0.12%	25,000shares	DFND	0 / 25,000 / 0
NOVARTIS AGSPONSORED ADR	66987V109	$5.46B	0.12%	45,143shares	SOLE	45,143 / 0 / 0
MICROSOFT CORPCOM	594918104	$5.17B	0.12%	10,400shares	DFND	0 / 10,400 / 0
APPLE INCCOM	037833100	$5.13B	0.11%	25,000shares	SOLE	25,000 / 0 / 0
BERKSHIRE HATHAWAY INC DELCL A	084670108	$5.10B	0.11%	7shares	DFND	0 / 7 / 0
ISHARES INCEM MKTS DIV ETF	464286319	$4.87B	0.11%	170,000shares	DFND	0 / 170,000 / 0
ISHARES TRCORE DIV GRWTH	46434V621	$4.80B	0.11%	75,000shares	DFND	0 / 75,000 / 0
VANGUARD INDEX FDSTOTAL STK MKT	922908769	$4.74B	0.11%	15,600shares	DFND	0 / 15,600 / 0
BERKSHIRE HATHAWAY INC DELCL B NEW	084670702	$4.65B	0.10%	9,580shares	SOLE	9,580 / 0 / 0
VANGUARD INDEX FDSSMALL CP ETF	922908751	$4.62B	0.10%	19,500shares	DFND	0 / 19,500 / 0
SELECT SECTOR SPDR TRRL EST SEL SEC	81369Y860	$4.42B	0.10%	106,711shares	DFND	0 / 106,711 / 0
ISHARES INCEM MKTS DIV ETF	464286319	$4.30B	0.10%	150,000shares	DFND	0 / 150,000 / 0
GE VERNOVA INCCOM	36828A101	$4.24B	0.09%	8,012shares	DFND	0 / 8,012 / 0
PROCTER AND GAMBLE COCOM	742718109	$4.16B	0.09%	26,109shares	SOLE	26,109 / 0 / 0
AT&T INCCOM	00206R102	$3.95B	0.09%	136,553shares	SOLE	136,553 / 0 / 0
ISHARES TREAFE SML CP ETF	464288273	$3.80B	0.08%	52,300shares	SOLE	52,300 / 0 / 0
CISCO SYS INCCOM	17275R102	$3.75B	0.08%	54,120shares	DFND	0 / 54,120 / 0
TORONTO DOMINION BK ONTCOM NEW	891160509	$3.74B	0.08%	50,875shares	SOLE	50,875 / 0 / 0
ORACLE CORPCOM	68389X105	$3.54B	0.08%	16,187shares	SOLE	16,187 / 0 / 0
MICROSOFT CORPCOM	594918104	$3.48B	0.08%	7,000shares	DFND	0 / 7,000 / 0
STRYKER CORPORATIONCOM	863667101	$3.28B	0.07%	8,293shares	SOLE	8,293 / 0 / 0
SELECT SECTOR SPDR TRRL EST SEL SEC	81369Y860	$3.14B	0.07%	75,806shares	DFND	0 / 75,806 / 0
3M COCOM	88579Y101	$3.11B	0.07%	20,400shares	DFND	0 / 20,400 / 0
VANGUARD INDEX FDSSMALL CP ETF	922908751	$3.10B	0.07%	13,100shares	DFND	0 / 13,100 / 0
BECTON DICKINSON & COCOM	075887109	$2.98B	0.07%	17,310shares	DFND	0 / 17,310 / 0
BERKSHIRE HATHAWAY INC DELCL A	084670108	$2.92B	0.07%	4shares	DFND	0 / 4 / 0
VANGUARD WORLD FDCONSUM DIS ETF	92204A108	$2.86B	0.06%	7,900shares	DFND	0 / 7,900 / 0
GE HEALTHCARE TECHNOLOGIES ICOMMON STOCK	36266G107	$2.86B	0.06%	38,587shares	DFND	0 / 38,587 / 0
ISHARES TRCORE HIGH DV ETF	46429B663	$2.79B	0.06%	23,800shares	SOLE	23,800 / 0 / 0
KRAFT HEINZ COCOM	500754106	$2.53B	0.06%	97,900shares	DFND	0 / 97,900 / 0
JOHNSON & JOHNSONCOM	478160104	$2.43B	0.05%	15,940shares	DFND	0 / 15,940 / 0
APPLIED MATLS INCCOM	038222105	$2.38B	0.05%	13,000shares	SOLE	13,000 / 0 / 0
HONDA MOTOR LTDADR ECH CNV IN 3	438128308	$2.25B	0.05%	78,000shares	DFND	0 / 78,000 / 0
META PLATFORMS INCCL A	30303M102	$2.18B	0.05%	2,950shares	DFND	0 / 2,950 / 0
CISCO SYS INCCOM	17275R102	$2.16B	0.05%	31,080shares	DFND	0 / 31,080 / 0
ZIMMER BIOMET HOLDINGS INCCOM	98956P102	$2.04B	0.05%	22,350shares	SOLE	22,350 / 0 / 0
3M COCOM	88579Y101	$1.78B	0.04%	11,700shares	DFND	0 / 11,700 / 0
BECTON DICKINSON & COCOM	075887109	$1.74B	0.04%	10,110shares	DFND	0 / 10,110 / 0
THERMO FISHER SCIENTIFIC INCCOM	883556102	$1.70B	0.04%	4,190shares	SOLE	4,190 / 0 / 0
GE HEALTHCARE TECHNOLOGIES ICOMMON STOCK	36266G107	$1.68B	0.04%	22,683shares	DFND	0 / 22,683 / 0
VANGUARD INDEX FDSTOTAL STK MKT	922908769	$1.64B	0.04%	5,400shares	SOLE	5,400 / 0 / 0
DUPONT DE NEMOURS INCCOM	26614N102	$1.54B	0.03%	22,500shares	DFND	0 / 22,500 / 0
VANGUARD WORLD FDCONSUM DIS ETF	92204A108	$1.48B	0.03%	4,100shares	DFND	0 / 4,100 / 0
LINDE PLCSHS	G54950103	$1.45B	0.03%	3,100shares	SOLE	3,100 / 0 / 0
KRAFT HEINZ COCOM	500754106	$1.44B	0.03%	55,833shares	DFND	0 / 55,833 / 0
RTX CORPORATIONCOM	75513E101	$1.33B	0.03%	9,100shares	DFND	0 / 9,100 / 0
HOWMET AEROSPACE INCCOM	443201108	$1.31B	0.03%	7,033shares	SOLE	7,033 / 0 / 0
JOHNSON & JOHNSONCOM	478160104	$1.31B	0.03%	8,560shares	DFND	0 / 8,560 / 0
HONDA MOTOR LTDADR ECH CNV IN 3	438128308	$1.30B	0.03%	45,000shares	DFND	0 / 45,000 / 0
KELLANOVACOM	487836108	$1.30B	0.03%	16,300shares	DFND	0 / 16,300 / 0
BLACKROCK INCCOM	09290D101	$1.26B	0.03%	1,200shares	SOLE	1,200 / 0 / 0
QUALCOMM INCCOM	747525103	$1.25B	0.03%	7,839shares	SOLE	7,839 / 0 / 0
UNITED PARCEL SERVICE INCCL B	911312106	$1.24B	0.03%	12,300shares	SOLE	12,300 / 0 / 0
COCA COLA COCOM	191216100	$1.22B	0.03%	17,200shares	DFND	0 / 17,200 / 0
VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT	921943858	$1.20B	0.03%	21,000shares	DFND	0 / 21,000 / 0
PEPSICO INCCOM	713448108	$1.16B	0.03%	8,800shares	DFND	0 / 8,800 / 0
WORKDAY INCCL A	98138H101	$1.15B	0.03%	4,800shares	DFND	0 / 4,800 / 0
ABBOTT LABSCOM	002824100	$1.14B	0.03%	8,358shares	SOLE	8,358 / 0 / 0
ECOLAB INCCOM	278865100	$969.98M	0.02%	3,600shares	SOLE	3,600 / 0 / 0
CARRIER GLOBAL CORPORATIONCOM	14448C104	$935.88M	0.02%	12,787shares	SOLE	12,787 / 0 / 0
PNC FINL SVCS GROUP INCCOM	693475105	$932.10M	0.02%	5,000shares	SOLE	5,000 / 0 / 0
SNAP ON INCCOM	833034101	$925.76M	0.02%	2,975shares	SOLE	2,975 / 0 / 0
C H ROBINSON WORLDWIDE INCCOM NEW	12541W209	$901.93M	0.02%	9,400shares	SOLE	9,400 / 0 / 0
DUPONT DE NEMOURS INCCOM	26614N102	$891.67M	0.02%	13,000shares	DFND	0 / 13,000 / 0
SYSCO CORPCOM	871829107	$840.71M	0.02%	11,100shares	SOLE	11,100 / 0 / 0
COGNIZANT TECHNOLOGY SOLUTIOCL A	192446102	$798.40M	0.02%	10,232shares	SOLE	10,232 / 0 / 0
RTX CORPORATIONCOM	75513E101	$773.91M	0.02%	5,300shares	DFND	0 / 5,300 / 0
KELLANOVACOM	487836108	$747.58M	0.02%	9,400shares	DFND	0 / 9,400 / 0
MONDELEZ INTL INCCL A	609207105	$714.86M	0.02%	10,600shares	SOLE	10,600 / 0 / 0
DOVER CORPCOM	260003108	$714.60M	0.02%	3,900shares	SOLE	3,900 / 0 / 0
PEPSICO INCCOM	713448108	$673.40M	0.02%	5,100shares	DFND	0 / 5,100 / 0
BROADCOM INCCOM	11135F101	$658.80M	0.01%	2,390shares	SOLE	2,390 / 0 / 0
MSC INDL DIRECT INCCL A	553530106	$654.65M	0.01%	7,700shares	DFND	0 / 7,700 / 0
WORKDAY INCCL A	98138H101	$648.00M	0.01%	2,700shares	DFND	0 / 2,700 / 0
AGNICO EAGLE MINES LTDCOM	008474108	$642.22M	0.01%	5,400shares	SOLE	5,400 / 0 / 0
OTIS WORLDWIDE CORPCOM	68902V107	$633.03M	0.01%	6,393shares	SOLE	6,393 / 0 / 0
ILLINOIS TOOL WKS INCCOM	452308109	$630.49M	0.01%	2,550shares	SOLE	2,550 / 0 / 0
MERCK & CO INCCOM	58933Y105	$577.87M	0.01%	7,300shares	SOLE	7,300 / 0 / 0
RIO TINTO PLCSPONSORED ADR	767204100	$559.97M	0.01%	9,600shares	SOLE	9,600 / 0 / 0
WALGREENS BOOTS ALLIANCE INCCOM	931427108	$551.04M	0.01%	48,000shares	SOLE	48,000 / 0 / 0
GRAHAM CORPCOM	384556106	$544.61M	0.01%	11,000shares	SOLE	11,000 / 0 / 0
CME GROUP INCCOM	12572Q105	$539.94M	0.01%	1,959shares	SOLE	1,959 / 0 / 0
INTEL CORPCOM	458140100	$539.84M	0.01%	24,100shares	DFND	0 / 24,100 / 0
COCA COLA COCOM	191216100	$530.63M	0.01%	7,500shares	DFND	0 / 7,500 / 0
COLGATE PALMOLIVE COCOM	194162103	$509.04M	0.01%	5,600shares	SOLE	5,600 / 0 / 0
DELL TECHNOLOGIES INCCL C	24703L202	$508.42M	0.01%	4,147shares	SOLE	4,147 / 0 / 0
GENERAL MTRS COCOM	37045V100	$482.26M	0.01%	9,800shares	SOLE	9,800 / 0 / 0
MOODYS CORPCOM	615369105	$467.98M	0.01%	933shares	SOLE	933 / 0 / 0
EXPEDITORS INTL WASH INCCOM	302130109	$467.85M	0.01%	4,095shares	SOLE	4,095 / 0 / 0
VERIZON COMMUNICATIONS INCCOM	92343V104	$434.13M	0.01%	10,033shares	SOLE	10,033 / 0 / 0
COSTCO WHSL CORP NEWCOM	22160K105	$425.67M	0.01%	430shares	SOLE	430 / 0 / 0
VODAFONE GROUP PLC NEWSPONSORED ADR	92857W308	$423.16M	0.01%	39,733shares	SOLE	39,733 / 0 / 0
ANALOG DEVICES INCCOM	032654105	$413.20M	0.01%	1,736shares	SOLE	1,736 / 0 / 0
CVS HEALTH CORPCOM	126650100	$390.22M	0.01%	5,657shares	SOLE	5,657 / 0 / 0
MSC INDL DIRECT INCCL A	553530106	$382.59M	0.01%	4,500shares	DFND	0 / 4,500 / 0
WARNER BROS DISCOVERY INCCOM SER A	934423104	$269.86M	0.01%	23,527shares	SOLE	23,527 / 0 / 0
ARCELORMITTAL SA LUXEMBOURGNY REGISTRY SH	03938L203	$254.72M	0.01%	8,066shares	SOLE	8,066 / 0 / 0
INTEL CORPCOM	458140100	$246.40M	0.01%	11,000shares	DFND	0 / 11,000 / 0
UNION PAC CORPCOM	907818108	$235.14M	0.01%	1,022shares	SOLE	1,022 / 0 / 0
AT&T INCCOM	00206R102	$231.52M	0.01%	8,000shares	DFND	0 / 8,000 / 0
FORTIVE CORPCOM	34959J108	$226.77M	0.01%	4,350shares	SOLE	4,350 / 0 / 0
HILLENBRAND INCCOM	431571108	$210.74M	0.00%	10,500shares	SOLE	10,500 / 0 / 0

Filing Metadata

Form type

13F-HR

Filing date

Aug 1, 2025

Holdings as of

June 30, 2025

Accession

0001964189-25-000002

CIK

0001964189

Other managers

View on SEC

Portfolio Snapshot

Total Portfolio Value

$4.48T

Number of Positions

187

187 reported by filer

Top 10 Concentration

51.1%

Top 20 Concentration

64.2%

Unique Issuers

107

By CUSIP

Avg. Position Size

$23.98B

Across 187 holdings

Top 5 Holdings

SPDR INDEX SHS FDS11.9%

ISHARES TR7.3%

SPDR SER TR7.3%

SCHWAB STRATEGIC TR6.6%

ISHARES TR4.7%