{"url":"https://nivawealth.com/firms/rafferty-asset-management-112526","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/112526","regulatoryAum":55241777722,"crd":"112526","secFileNumber":"801-54679","legalName":"Rafferty Asset Management, LLC","displayName":"Rafferty Asset Management","website":null,"founded":null,"organization":"New York limited liability company","fiscalYearEnd":"December","headquarters":{"street":"535 Madison Ave, 37th Floor","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10022"},"tradeNames":[],"registration":{"secApproved":"25 June 1997","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":45,"advisory":13,"brokerDealerReps":3,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":55241777722,"discretionaryAccounts":133,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":132,"regulatoryAum":55205998661},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":35779061}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Rafferty Asset Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Douglas Yones","title":"Chief Executive Officer","crd":"2925109"},{"name":"Patrick Rudnick","title":"Chief Financial Officer","crd":"6035334"},{"name":"Angela Brickl","title":"Chief Operating Officer, General Counsel","crd":"4604359"},{"name":"Steven Stelmachowski","title":"Chief Compliance Officer","crd":"4239977"},{"name":"Daniel O'Neill","title":"Member","crd":"4387480"}],"ownership":[{"label":"Rafferty Holdings LLC","detail":"Member in the 25% to 50% ownership band and a control person, since January 1999."},{"label":"Minakian Partners, LLC","detail":"Member in the 25% to 50% ownership band, since May 2009."},{"label":"GST Fbo Kathleen Rafferty Hay & Heirs","detail":"Member in the 5% to 10% ownership band, since January 2019."},{"label":"GST Fbo Michael Rafferty & Heirs","detail":"Member in the 5% to 10% ownership band, since January 2019."},{"label":"Michael Rafferty","detail":"Indirect owner: a officer and trustee of Rafferty Holdings LLC in the 25% to 50% band and a control person, since January 1999.","parent":"Rafferty Holdings LLC"},{"label":"Kathleen Hay","detail":"Indirect owner: a officer and trustee of Rafferty Holdings LLC in the 25% to 50% band and a control person, since November 2000.","parent":"Rafferty Holdings LLC"},{"label":"Daniel O'Neill","detail":"Indirect owner: a member of Minakian Partners, LLC in the 75% or more band and a control person, since May 2009.","parent":"Minakian Partners, LLC"},{"label":"Joseph Cipolla","detail":"Indirect owner: officer of Rafferty Servicing, Inc. and a control person, since January 2019.","parent":"Rafferty Servicing, Inc."},{"label":"Rafferty Servicing, Inc.","detail":"Indirect owner: non-member manager of Rafferty Holdings LLC and a control person, since January 2019.","parent":"Rafferty Holdings LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"155 Seaport BLVD","city":"Boston"}]},{"state":"New York","offices":2,"addresses":[{"street":"535 Madison Ave, 37th Floor","city":"New York","headquarters":true},{"street":"1 Liberty ST","city":"New York"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"646-572-3390","stateRegisteredReps":17,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":"0","assetMix":[],"privateFunds":0},"sources":{"adv1FilingDate":"3 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/112526/PDF/112526.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Rafferty Asset Management have?","answer":"Rafferty Asset Management has 133 clients and manages $55.2 billion for them, as of March 2026. They include 132 investment companies and 1 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 3 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Rafferty Asset Management offer?","answer":"Rafferty Asset Management provides portfolio management for investment companies and portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Rafferty Asset Management have?","answer":"Rafferty Asset Management has 17 investment adviser representatives registered with state securities authorities, out of 45 employees, and 13 perform investment advisory functions. 3 are registered representatives of a broker-dealer and 0 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Rafferty Asset Management?","answer":"Rafferty Asset Management is owned through holding companies by Michael Rafferty, Kathleen Hay and Daniel O'Neill. Its direct owners are Rafferty Holdings LLC, Minakian Partners, LLC, GST Fbo Kathleen Rafferty Hay & Heirs and GST Fbo Michael Rafferty & Heirs, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 3 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Rafferty Asset Management get paid?","answer":"Rafferty Asset Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/rafferty-asset-management-112526/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1389426/000199937126017909/0001999371-26-017909-index.html","totalValue":43915729091,"positionCount":1133,"top10Share":0.4095435504151949,"top10":[{"issuer":"MICRON TECHNOLOGY INC","titleOfClass":"COM","cusip":"595112103","value":3556508313,"shares":3081122,"shareType":"SH","priorValue":775671518,"priorShares":2295973},{"issuer":"NVIDIA CORPORATION","titleOfClass":"COM","cusip":"67066G104","value":2559775981,"shares":12793123,"shareType":"SH","priorValue":1339095869,"priorShares":7678302},{"issuer":"ADVANCED MICRO DEVICES INC","titleOfClass":"COM","cusip":"007903107","value":2007134672,"shares":3455156,"shareType":"SH","priorValue":605565542,"priorShares":2976776},{"issuer":"BROADCOM INC","titleOfClass":"COM","cusip":"11135F101","value":1691038294,"shares":4476607,"shareType":"SH","priorValue":889929151,"priorShares":2875284},{"issuer":"INTEL CORP","titleOfClass":"COM","cusip":"458140100","value":1553770804,"shares":11127772,"shareType":"SH","priorValue":388490423,"priorShares":8803318},{"issuer":"ISHARES TR","titleOfClass":"20 YR TR BD ETF","cusip":"464287432","value":1490778531,"shares":17250388,"shareType":"SH","priorValue":1997547650,"priorShares":23042423},{"issuer":"APPLIED MATLS INC","titleOfClass":"COM","cusip":"038222105","value":1396237356,"shares":1931172,"shareType":"SH","priorValue":536118464,"priorShares":1568561},{"issuer":"KLA CORP","titleOfClass":"COM NEW","cusip":"482480100","value":1309294380,"shares":4339579,"shareType":"SH","priorValue":381585358,"priorShares":259157},{"issuer":"MARVELL TECHNOLOGY INC","titleOfClass":"COM","cusip":"573874104","value":1218516662,"shares":4090492,"shareType":"SH","priorValue":421458146,"priorShares":4255004},{"issuer":"LAM RESEARCH CORP","titleOfClass":"COM NEW","cusip":"512807306","value":1202348618,"shares":2774672,"shareType":"SH","priorValue":381480743,"priorShares":1785457}],"positionsListed":200,"positions":[{"issuer":"MICRON TECHNOLOGY INC","titleOfClass":"COM","cusip":"595112103","value":3556508313,"shares":3081122,"shareType":"SH","priorValue":775671518,"priorShares":2295973},{"issuer":"NVIDIA CORPORATION","titleOfClass":"COM","cusip":"67066G104","value":2559775981,"shares":12793123,"shareType":"SH","priorValue":1339095869,"priorShares":7678302},{"issuer":"ADVANCED MICRO DEVICES INC","titleOfClass":"COM","cusip":"007903107","value":2007134672,"shares":3455156,"shareType":"SH","priorValue":605565542,"priorShares":2976776},{"issuer":"BROADCOM INC","titleOfClass":"COM","cusip":"11135F101","value":1691038294,"shares":4476607,"shareType":"SH","priorValue":889929151,"priorShares":2875284},{"issuer":"INTEL CORP","titleOfClass":"COM","cusip":"458140100","value":1553770804,"shares":11127772,"shareType":"SH","priorValue":388490423,"priorShares":8803318},{"issuer":"ISHARES TR","titleOfClass":"20 YR TR BD ETF","cusip":"464287432","value":1490778531,"shares":17250388,"shareType":"SH","priorValue":1997547650,"priorShares":23042423},{"issuer":"APPLIED MATLS INC","titleOfClass":"COM","cusip":"038222105","value":1396237356,"shares":1931172,"shareType":"SH","priorValue":536118464,"priorShares":1568561},{"issuer":"KLA CORP","titleOfClass":"COM NEW","cusip":"482480100","value":1309294380,"shares":4339579,"shareType":"SH","priorValue":381585358,"priorShares":259157},{"issuer":"MARVELL TECHNOLOGY INC","titleOfClass":"COM","cusip":"573874104","value":1218516662,"shares":4090492,"shareType":"SH","priorValue":421458146,"priorShares":4255004},{"issuer":"LAM RESEARCH CORP","titleOfClass":"COM NEW","cusip":"512807306","value":1202348618,"shares":2774672,"shareType":"SH","priorValue":381480743,"priorShares":1785457},{"issuer":"ISHARES INC","titleOfClass":"MSCI STH KOR ETF","cusip":"464286772","value":1028316676,"shares":5093198,"shareType":"SH","priorValue":560431838,"priorShares":4555986},{"issuer":"ISHARES TR","titleOfClass":"RUSSELL 2000 ETF","cusip":"464287655","value":1024815721,"shares":3410936,"shareType":"SH","priorValue":906977416,"priorShares":3657167},{"issuer":"APPLE INC","titleOfClass":"COM","cusip":"037833100","value":981253904,"shares":3391118,"shareType":"SH","priorValue":535566185,"priorShares":2110273},{"issuer":"TAIWAN SEMICONDUCTOR MANUFAC","titleOfClass":"SPONSORED ADS","cusip":"874039100","value":957323450,"shares":2004572,"shareType":"SH","priorValue":321077170,"priorShares":950073},{"issuer":"TEXAS INSTRS INC","titleOfClass":"COM","cusip":"882508104","value":823137891,"shares":2761559,"shareType":"SH","priorValue":361851139,"priorShares":1863867},{"issuer":"ANALOG DEVICES INC","titleOfClass":"COM","cusip":"032654105","value":784425048,"shares":1975036,"shareType":"SH","priorValue":349701397,"priorShares":1099206},{"issuer":"MICROSOFT CORP","titleOfClass":"COM","cusip":"594918104","value":775651820,"shares":2079384,"shareType":"SH","priorValue":476348452,"priorShares":1286837},{"issuer":"TERADYNE INC","titleOfClass":"COM","cusip":"880770102","value":733089692,"shares":1515149,"shareType":"SH","priorValue":323176975,"priorShares":1090120},{"issuer":"NXP SEMICONDUCTORS N V","titleOfClass":"COM","cusip":"N6596X109","value":679706184,"shares":2418625,"shareType":"SH","priorValue":315480946,"priorShares":1602565},{"issuer":"TESLA INC","titleOfClass":"COM","cusip":"88160R101","value":671289797,"shares":1596029,"shareType":"SH","priorValue":645809676,"priorShares":1737215},{"issuer":"ASTERA LABS INC","titleOfClass":"COM","cusip":"04626A103","value":638271805,"shares":1321419,"shareType":"SH","priorValue":103627458,"priorShares":945506},{"issuer":"MONOLITHIC PWR SYS INC","titleOfClass":"COM","cusip":"609839105","value":634887536,"shares":459278,"shareType":"SH","priorValue":347109105,"priorShares":317473},{"issuer":"QUALCOMM INC","titleOfClass":"COM","cusip":"747525103","value":621908897,"shares":3365490,"shareType":"SH","priorValue":348895670,"priorShares":2709238},{"issuer":"VANECK ETF TRUST","titleOfClass":"GOLD MINERS ETF","cusip":"92189F106","value":525157804,"shares":6960342,"shareType":"SH","priorValue":550535847,"priorShares":5999083},{"issuer":"ASML HLDG NV","titleOfClass":"N Y REGISTRY SHS","cusip":"N07059210","value":489718561,"shares":246159,"shareType":"SH","priorValue":293555788,"priorShares":222251},{"issuer":"MICROCHIP TECHNOLOGY INC.","titleOfClass":"COM","cusip":"595017104","value":474939504,"shares":5207670,"shareType":"SH","priorValue":259093466,"priorShares":4010114},{"issuer":"INVESCO QQQ TR","titleOfClass":"UNIT SER 1","cusip":"46090E103","value":416670584,"shares":565821,"shareType":"SH","priorValue":318193562,"priorShares":551290},{"issuer":"CREDO TECHNOLOGY GROUP HOLDI","titleOfClass":"ORDINARY SHARES","cusip":"G25457105","value":412117109,"shares":1515415,"shareType":"SH","priorValue":105544987,"priorShares":1124374},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL A","cusip":"02079K305","value":369097454,"shares":1032816,"shareType":"SH","priorValue":214985607,"priorShares":747620},{"issuer":"ON SEMICONDUCTOR CORP","titleOfClass":"COM","cusip":"682189105","value":350257653,"shares":3704862,"shareType":"SH","priorValue":175004496,"priorShares":2826300},{"issuer":"ISHARES TR","titleOfClass":"CHINA LG-CAP ETF","cusip":"464287184","value":320663172,"shares":10150781,"shareType":"SH","priorValue":394387276,"priorShares":10985718},{"issuer":"AMAZON COM INC","titleOfClass":"COM","cusip":"023135106","value":298154998,"shares":1250965,"shareType":"SH","priorValue":219123783,"priorShares":1052114},{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL B NEW","cusip":"084670702","value":282121884,"shares":563804,"shareType":"SH","priorValue":225591067,"priorShares":470766},{"issuer":"JPMORGAN CHASE & CO","titleOfClass":"COM","cusip":"46625H100","value":255503323,"shares":780568,"shareType":"SH","priorValue":192821292,"priorShares":655498},{"issuer":"ENTEGRIS INC","titleOfClass":"COM","cusip":"29362U104","value":249998206,"shares":1389960,"shareType":"SH","priorValue":123321591,"priorShares":1051873},{"issuer":"ASE TECHNOLOGY HLDG CO LTD","titleOfClass":"SPONSORED ADS","cusip":"00215W100","value":249123222,"shares":5521348,"shareType":"SH","priorValue":77617218,"priorShares":3580130},{"issuer":"MACOM TECH SOLUTIONS HLDGS I","titleOfClass":"COM","cusip":"55405Y100","value":240689007,"shares":632776,"shareType":"SH","priorValue":103837045,"priorShares":467587},{"issuer":"META PLATFORMS INC","titleOfClass":"CL A","cusip":"30303M102","value":225885486,"shares":401011,"shareType":"SH","priorValue":147432180,"priorShares":257690},{"issuer":"UNITED MICROELECTRONICS CORP","titleOfClass":"SPON ADR NEW","cusip":"910873405","value":208248415,"shares":7653378,"shareType":"SH","priorValue":44753204,"priorShares":4983653},{"issuer":"PALANTIR TECHNOLOGIES INC","titleOfClass":"CL A","cusip":"69608A108","value":197513210,"shares":1692922,"shareType":"SH","priorValue":187611999,"priorShares":1282554},{"issuer":"ARM HOLDINGS PLC","titleOfClass":"SPONSORED ADS","cusip":"042068205","value":175666388,"shares":495435,"shareType":"SH","priorValue":57801062,"priorShares":382080},{"issuer":"CISCO SYS INC","titleOfClass":"COM","cusip":"17275R102","value":174571049,"shares":1486217,"shareType":"SH","priorValue":87716348,"priorShares":1130511},{"issuer":"VISA INC","titleOfClass":"COM CL A","cusip":"92826C839","value":165876124,"shares":483477,"shareType":"SH","priorValue":123903288,"priorShares":409950},{"issuer":"STMICROELECTRONICS N V","titleOfClass":"NY REGISTRY","cusip":"861012102","value":161640629,"shares":2158374,"shareType":"SH","priorValue":48522987,"priorShares":1404428},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL C","cusip":"02079K107","value":158253680,"shares":447892,"shareType":"SH","priorValue":88031310,"priorShares":306879},{"issuer":"NOVA LTD","titleOfClass":"COM","cusip":"M7516K103","value":157871750,"shares":290772,"shareType":"SH","priorValue":95984131,"priorShares":221019},{"issuer":"SANDISK CORP","titleOfClass":"COM","cusip":"80004C200","value":132080976,"shares":58090,"shareType":"SH","priorValue":22115550,"priorShares":34809},{"issuer":"RAMBUS INC DEL","titleOfClass":"COM","cusip":"750917106","value":130667663,"shares":984388,"shareType":"SH","priorValue":64137000,"priorShares":745519},{"issuer":"VANECK ETF TRUST","titleOfClass":"JUNIOR GOLD MINE","cusip":"92189F791","value":121001360,"shares":1231566,"shareType":"SH","priorValue":171962102,"priorShares":1432540},{"issuer":"MASTERCARD INCORPORATED","titleOfClass":"CL A","cusip":"57636Q104","value":120720653,"shares":235048,"shareType":"SH","priorValue":99310423,"priorShares":198756},{"issuer":"PALO ALTO NETWORKS INC","titleOfClass":"COM","cusip":"697435105","value":116194040,"shares":340725,"shareType":"SH","priorValue":43014337,"priorShares":268303},{"issuer":"KRANESHARES TRUST","titleOfClass":"CSI CHI INTERNET","cusip":"500767306","value":109982911,"shares":4494602,"shareType":"SH","priorValue":143265565,"priorShares":5039239},{"issuer":"BANK OF AMER CORP","titleOfClass":"COM","cusip":"060505104","value":108367128,"shares":1901845,"shareType":"SH","priorValue":78643695,"priorShares":1613204},{"issuer":"ELI LILLY & CO","titleOfClass":"COM","cusip":"532457108","value":108330119,"shares":90318,"shareType":"SH","priorValue":58858842,"priorShares":63993},{"issuer":"GE AEROSPACE","titleOfClass":"COM NEW","cusip":"369604301","value":97938563,"shares":262057,"shareType":"SH","priorValue":76787027,"priorShares":270596},{"issuer":"SKYWORKS SOLUTIONS INC","titleOfClass":"COM","cusip":"83088M102","value":96937796,"shares":1429761,"shareType":"SH","priorValue":58039900,"priorShares":1083845},{"issuer":"EXXON MOBIL CORP","titleOfClass":"COM","cusip":"30231G102","value":93474097,"shares":683690,"shareType":"SH","priorValue":112990676,"priorShares":665983},{"issuer":"WESTERN DIGITAL CORP","titleOfClass":"COM","cusip":"958102105","value":90653530,"shares":141930,"shareType":"SH","priorValue":32508300,"priorShares":120183},{"issuer":"ORACLE CORP","titleOfClass":"COM","cusip":"68389X105","value":88760645,"shares":605668,"shareType":"SH","priorValue":61014461,"priorShares":414754},{"issuer":"INTERNATIONAL BUSINESS MACHS","titleOfClass":"COM","cusip":"459200101","value":88481602,"shares":314646,"shareType":"SH","priorValue":54057091,"priorShares":223017},{"issuer":"SEAGATE TECHNOLOGY HLDNGS PL","titleOfClass":"ORD SHS","cusip":"G7997R103","value":87754205,"shares":90937,"shareType":"SH","priorValue":31300057,"priorShares":79896},{"issuer":"GOLDMAN SACHS GROUP INC","titleOfClass":"COM","cusip":"38141G104","value":87467323,"shares":86484,"shareType":"SH","priorValue":61933236,"priorShares":73208},{"issuer":"D R HORTON INC","titleOfClass":"COM","cusip":"23331A109","value":84732619,"shares":520215,"shareType":"SH","priorValue":54895684,"priorShares":400056},{"issuer":"CROWDSTRIKE HLDGS INC","titleOfClass":"CL A","cusip":"22788C105","value":78819389,"shares":103283,"shareType":"SH","priorValue":34373648,"priorShares":88045},{"issuer":"WELLS FARGO & CO","titleOfClass":"COM","cusip":"949746101","value":73669263,"shares":891448,"shareType":"SH","priorValue":59856689,"priorShares":751874},{"issuer":"MORGAN STANLEY","titleOfClass":"COM NEW","cusip":"617446448","value":73517487,"shares":351691,"shareType":"SH","priorValue":48393290,"priorShares":294059},{"issuer":"AMPHENOL CORP","titleOfClass":"CL A","cusip":"032095101","value":72604344,"shares":411776,"shareType":"SH","priorValue":36863497,"priorShares":291757},{"issuer":"NETFLIX INC.","titleOfClass":"COM","cusip":"64110L106","value":72523979,"shares":1015742,"shareType":"SH","priorValue":71258015,"priorShares":741113},{"issuer":"CITIGROUP INC","titleOfClass":"COM NEW","cusip":"172967424","value":70108343,"shares":500917,"shareType":"SH","priorValue":48182012,"priorShares":424848},{"issuer":"JOHNSON & JOHNSON","titleOfClass":"COM","cusip":"478160104","value":67508020,"shares":265811,"shareType":"SH","priorValue":45666525,"priorShares":186821},{"issuer":"CORNING INC","titleOfClass":"COM","cusip":"219350105","value":67220491,"shares":263166,"shareType":"SH","priorValue":25033981,"priorShares":184114},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P500 ETF","cusip":"464287200","value":65539857,"shares":87516,"shareType":"SH","priorValue":57166326,"priorShares":87516},{"issuer":"RTX CORPORATION","titleOfClass":"COM","cusip":"75513E101","value":64176552,"shares":338252,"shareType":"SH","priorValue":66803585,"priorShares":346312},{"issuer":"ARISTA NETWORKS INC","titleOfClass":"COM SHS","cusip":"040413205","value":61926526,"shares":364531,"shareType":"SH","priorValue":32580901,"priorShares":265360},{"issuer":"APPLOVIN CORP","titleOfClass":"COM CL A","cusip":"03831W108","value":58514671,"shares":113570,"shareType":"SH","priorValue":36071536,"priorShares":90632},{"issuer":"WALMART INC","titleOfClass":"COM","cusip":"931142103","value":58223342,"shares":514068,"shareType":"SH","priorValue":44749002,"priorShares":360066},{"issuer":"CHEVRON CORPORATION","titleOfClass":"COM","cusip":"166764100","value":57851069,"shares":349005,"shareType":"SH","priorValue":75019457,"priorShares":362588},{"issuer":"HOME DEPOT INC","titleOfClass":"COM","cusip":"437076102","value":54823401,"shares":155448,"shareType":"SH","priorValue":35821712,"priorShares":108917},{"issuer":"AMERICAN EXPRESS CO","titleOfClass":"COM","cusip":"025816109","value":52441942,"shares":155039,"shareType":"SH","priorValue":39622158,"priorShares":130991},{"issuer":"ABBVIE INC","titleOfClass":"COM","cusip":"00287Y109","value":52028080,"shares":206756,"shareType":"SH","priorValue":34010651,"priorShares":156378},{"issuer":"PULTE GROUP INC","titleOfClass":"COM","cusip":"745867101","value":51555834,"shares":375744,"shareType":"SH","priorValue":33554251,"priorShares":285301},{"issuer":"COSTCO WHOLESALE CORPORATION","titleOfClass":"COM","cusip":"22160K105","value":50942890,"shares":54457,"shareType":"SH","priorValue":38392448,"priorShares":38530},{"issuer":"CADENCE DESIGN SYSTEM INC","titleOfClass":"COM","cusip":"127387108","value":48717662,"shares":129803,"shareType":"SH","priorValue":29234425,"priorShares":105209},{"issuer":"CATERPILLAR INC","titleOfClass":"COM","cusip":"149123101","value":48061067,"shares":45132,"shareType":"SH","priorValue":21463504,"priorShares":30296},{"issuer":"ISHARES INC","titleOfClass":"MSCI BRAZIL ETF","cusip":"464286400","value":47409693,"shares":1374194,"shareType":"SH","priorValue":62395421,"priorShares":1625304},{"issuer":"FORTINET INC","titleOfClass":"COM","cusip":"34959E109","value":47115100,"shares":306699,"shareType":"SH","priorValue":23612177,"priorShares":288940},{"issuer":"DATADOG INC","titleOfClass":"CL A COM","cusip":"23804L103","value":46062631,"shares":176919,"shareType":"SH","priorValue":21202606,"priorShares":179607},{"issuer":"SALESFORCE INC","titleOfClass":"COM","cusip":"79466L302","value":44854421,"shares":286317,"shareType":"SH","priorValue":43619366,"priorShares":233671},{"issuer":"SCHWAB CHARLES CORP","titleOfClass":"COM","cusip":"808513105","value":43938974,"shares":476200,"shareType":"SH","priorValue":38163962,"priorShares":406086},{"issuer":"BOEING CO","titleOfClass":"COM","cusip":"097023105","value":43635373,"shares":201577,"shareType":"SH","priorValue":40478522,"priorShares":203379},{"issuer":"SYNOPSYS INC","titleOfClass":"COM","cusip":"871607107","value":42676409,"shares":95672,"shareType":"SH","priorValue":29490182,"priorShares":74380},{"issuer":"DELL TECHNOLOGIES INC","titleOfClass":"CL C","cusip":"24703L202","value":42418558,"shares":98314,"shareType":"SH","priorValue":12005781,"priorShares":73148},{"issuer":"UNITEDHEALTH GROUP INC","titleOfClass":"COM","cusip":"91324P102","value":42088356,"shares":101264,"shareType":"SH","priorValue":19129360,"priorShares":70695},{"issuer":"BLACKROCK INC","titleOfClass":"COM","cusip":"09290D101","value":40462445,"shares":42080,"shareType":"SH","priorValue":33735825,"priorShares":35079},{"issuer":"AMGEN INC","titleOfClass":"COM","cusip":"031162100","value":39627154,"shares":109431,"shareType":"SH","priorValue":30679561,"priorShares":87195},{"issuer":"DBX ETF TR","titleOfClass":"XTRACK HRVST CSI","cusip":"233051879","value":39147014,"shares":1067840,"shareType":"SH","priorValue":39975122,"priorShares":1224728},{"issuer":"ADOBE INC","titleOfClass":"COM","cusip":"00724F101","value":38819102,"shares":189343,"shareType":"SH","priorValue":34942264,"priorShares":143748},{"issuer":"LENNAR CORP","titleOfClass":"CL A","cusip":"526057104","value":38420244,"shares":424580,"shareType":"SH","priorValue":27822147,"priorShares":320384},{"issuer":"PROGRESSIVE CORP","titleOfClass":"COM","cusip":"743315103","value":37185870,"shares":170226,"shareType":"SH","priorValue":28248209,"priorShares":142495},{"issuer":"CAPITAL ONE FINL CORP","titleOfClass":"COM","cusip":"14040H105","value":36942167,"shares":184140,"shareType":"SH","priorValue":27987498,"priorShares":153415},{"issuer":"LUMENTUM HLDGS INC","titleOfClass":"COM","cusip":"55024U109","value":36857109,"shares":42954,"shareType":"SH","priorValue":11832370,"priorShares":16837},{"issuer":"NVR INC","titleOfClass":"COM","cusip":"62944T105","value":36281355,"shares":5325,"shareType":"SH","priorValue":27321435,"priorShares":4146},{"issuer":"S&P GLOBAL INC","titleOfClass":"COM","cusip":"78409V104","value":35971647,"shares":88326,"shareType":"SH","priorValue":31641468,"priorShares":74391},{"issuer":"LINDE PLC","titleOfClass":"SHS","cusip":"G54950103","value":35870171,"shares":69122,"shareType":"SH","priorValue":25420590,"priorShares":51276},{"issuer":"ISHARES TR","titleOfClass":"MSCI INDIA ETF","cusip":"46429B598","value":35867018,"shares":726200,"shareType":"SH","priorValue":34015208,"priorShares":726200},{"issuer":"CHUBB LIMITED","titleOfClass":"COM","cusip":"H1467J104","value":35803256,"shares":105075,"shareType":"SH","priorValue":28821338,"priorShares":88428},{"issuer":"MERCK & CO INC","titleOfClass":"COM","cusip":"58933Y105","value":35149119,"shares":273534,"shareType":"SH","priorValue":23222345,"priorShares":193053},{"issuer":"INTUIT","titleOfClass":"COM","cusip":"461202103","value":34816617,"shares":133397,"shareType":"SH","priorValue":39177952,"priorShares":90610},{"issuer":"SERVICENOW INC","titleOfClass":"COM","cusip":"81762P102","value":33924472,"shares":341705,"shareType":"SH","priorValue":26481679,"priorShares":253292},{"issuer":"GILEAD SCIENCES INC","titleOfClass":"COM","cusip":"375558103","value":33412887,"shares":264468,"shareType":"SH","priorValue":29548391,"priorShares":212014},{"issuer":"VERTEX PHARMACEUTICALS INC","titleOfClass":"COM","cusip":"92532F100","value":32683841,"shares":65798,"shareType":"SH","priorValue":24368581,"priorShares":54572},{"issuer":"LOWES COS INC","titleOfClass":"COM","cusip":"548661107","value":32376531,"shares":146839,"shareType":"SH","priorValue":24158685,"priorShares":102246},{"issuer":"GE VERNOVA INC","titleOfClass":"COM","cusip":"36828A101","value":31193708,"shares":26551,"shareType":"SH","priorValue":15693869,"priorShares":17979},{"issuer":"PROCTER & GAMBLE CO","titleOfClass":"COM","cusip":"742718109","value":30502440,"shares":208009,"shareType":"SH","priorValue":20090882,"priorShares":139095},{"issuer":"BOOKING HOLDINGS INC","titleOfClass":"COM","cusip":"09857L108","value":30390811,"shares":170505,"shareType":"SH","priorValue":22028394,"priorShares":5232},{"issuer":"SHERWIN WILLIAMS CO","titleOfClass":"COM","cusip":"824348106","value":30356628,"shares":88164,"shareType":"SH","priorValue":20838956,"priorShares":65010},{"issuer":"AXON ENTERPRISE INC","titleOfClass":"COM","cusip":"05464C101","value":30110924,"shares":53711,"shareType":"SH","priorValue":20451796,"priorShares":48157},{"issuer":"PEPSICO INC","titleOfClass":"COM","cusip":"713448108","value":29533990,"shares":218124,"shareType":"SH","priorValue":24487214,"priorShares":157687},{"issuer":"BANK OF NY MELLON CORP","titleOfClass":"COM","cusip":"064058100","value":28914770,"shares":199950,"shareType":"SH","priorValue":19849646,"priorShares":167324},{"issuer":"PNC FINL SVCS GROUP INC","titleOfClass":"COM","cusip":"693475105","value":28802569,"shares":116979,"shareType":"SH","priorValue":20433606,"priorShares":98196},{"issuer":"INTUITIVE SURGICAL INC","titleOfClass":"COM NEW","cusip":"46120E602","value":28471502,"shares":71594,"shareType":"SH","priorValue":23631730,"priorShares":51263},{"issuer":"COCA COLA CO","titleOfClass":"COM","cusip":"191216100","value":28110968,"shares":345896,"shareType":"SH","priorValue":17621926,"priorShares":231715},{"issuer":"US BANCORP","titleOfClass":"COM NEW","cusip":"902973304","value":27313303,"shares":452207,"shareType":"SH","priorValue":19655359,"priorShares":377915},{"issuer":"COHERENT CORP","titleOfClass":"COM","cusip":"19247G107","value":26674850,"shares":67622,"shareType":"SH","priorValue":10532932,"priorShares":44217},{"issuer":"TOLL BROTHERS INC","titleOfClass":"COM","cusip":"889478103","value":26084209,"shares":158326,"shareType":"SH","priorValue":18568791,"priorShares":136065},{"issuer":"PAYPAL HLDGS INC","titleOfClass":"COM","cusip":"70450Y103","value":26059000,"shares":603497,"shareType":"SH","priorValue":23552211,"priorShares":520721},{"issuer":"ROBINHOOD MKTS INC","titleOfClass":"COM CL A","cusip":"770700102","value":26011629,"shares":259390,"shareType":"SH","priorValue":14224657,"priorShares":205262},{"issuer":"BLACKSTONE INC","titleOfClass":"COM","cusip":"09260D107","value":25966474,"shares":220672,"shareType":"SH","priorValue":21203351,"priorShares":184393},{"issuer":"CONOCOPHILLIPS","titleOfClass":"COM","cusip":"20825C104","value":25811189,"shares":248280,"shareType":"SH","priorValue":36340128,"priorShares":275304},{"issuer":"ROPER TECHNOLOGIES INC","titleOfClass":"COM","cusip":"776696106","value":25707827,"shares":75971,"shareType":"SH","priorValue":20288917,"priorShares":57336},{"issuer":"ISHARES TR","titleOfClass":"7-10 YR TRSY BD","cusip":"464287440","value":25396017,"shares":268542,"shareType":"SH","priorValue":29270684,"priorShares":306692},{"issuer":"CIENA CORP","titleOfClass":"COM NEW","cusip":"171779309","value":25380593,"shares":51738,"shareType":"SH","priorValue":14406051,"priorShares":37107},{"issuer":"ACCENTURE PLC IRELAND","titleOfClass":"SHS CLASS A","cusip":"G1151C101","value":25313336,"shares":203418,"shareType":"SH","priorValue":28772474,"priorShares":145103},{"issuer":"AUTODESK INC","titleOfClass":"COM","cusip":"052769106","value":25240188,"shares":129823,"shareType":"SH","priorValue":22962530,"priorShares":95917},{"issuer":"VANGUARD INTL EQUITY INDEX F","titleOfClass":"FTSE EUROPE ETF","cusip":"922042874","value":25222744,"shares":284874,"shareType":"SH","priorValue":24743837,"priorShares":300180},{"issuer":"PHILIP MORRIS INTL INC","titleOfClass":"COM","cusip":"718172109","value":25187014,"shares":139224,"shareType":"SH","priorValue":15404893,"priorShares":93171},{"issuer":"STARBUCKS CORP","titleOfClass":"COM","cusip":"855244109","value":25022652,"shares":244864,"shareType":"SH","priorValue":17443263,"priorShares":194701},{"issuer":"DOORDASH INC","titleOfClass":"CL A","cusip":"25809K105","value":24717609,"shares":133949,"shareType":"SH","priorValue":16233467,"priorShares":108115},{"issuer":"CSX CORP","titleOfClass":"COM","cusip":"126408103","value":24459413,"shares":514610,"shareType":"SH","priorValue":17688691,"priorShares":430906},{"issuer":"REGENERON PHARMACEUTICALS","titleOfClass":"COM","cusip":"75886F107","value":24027490,"shares":38534,"shareType":"SH","priorValue":22861645,"priorShares":29589},{"issuer":"MARSH & MCLENNAN COS INC","titleOfClass":"COM","cusip":"571748102","value":23392468,"shares":140352,"shareType":"SH","priorValue":20414198,"priorShares":117695},{"issuer":"CME GROUP INC","titleOfClass":"COM","cusip":"12572Q105","value":23311477,"shares":105563,"shareType":"SH","priorValue":25892448,"priorShares":87667},{"issuer":"AMERICAN ELEC PWR CO INC","titleOfClass":"COM","cusip":"025537101","value":23177256,"shares":169412,"shareType":"SH","priorValue":17615055,"priorShares":134384},{"issuer":"MOTOROLA SOLUTIONS INC","titleOfClass":"COM NEW","cusip":"620076307","value":22841781,"shares":55002,"shareType":"SH","priorValue":16951302,"priorShares":39061},{"issuer":"DIAMONDBACK ENERGY INC","titleOfClass":"COM","cusip":"25278X109","value":22643101,"shares":128815,"shareType":"SH","priorValue":26849004,"priorShares":135745},{"issuer":"AUTOMATIC DATA PROCESSING IN","titleOfClass":"COM","cusip":"053015103","value":22636418,"shares":101078,"shareType":"SH","priorValue":16413896,"priorShares":80785},{"issuer":"HOWMET AEROSPACE INC","titleOfClass":"COM","cusip":"443201108","value":22380444,"shares":83242,"shareType":"SH","priorValue":19603619,"priorShares":85063},{"issuer":"BAKER HUGHES COMPANY","titleOfClass":"CL A","cusip":"05722G100","value":22363781,"shares":402951,"shareType":"SH","priorValue":23200404,"priorShares":380023},{"issuer":"LOCKHEED MARTIN CORP","titleOfClass":"COM","cusip":"539830109","value":22170680,"shares":43518,"shareType":"SH","priorValue":22865282,"priorShares":37832},{"issuer":"OREILLY AUTOMOTIVE INC","titleOfClass":"COM","cusip":"67103H107","value":22069184,"shares":239648,"shareType":"SH","priorValue":17176399,"priorShares":186073},{"issuer":"AIRBNB INC","titleOfClass":"COM CL A","cusip":"009066101","value":21815166,"shares":152447,"shareType":"SH","priorValue":16032256,"priorShares":126958},{"issuer":"HEWLETT PACKARD ENTERPRISE C","titleOfClass":"COM","cusip":"42824C109","value":21708466,"shares":481234,"shareType":"SH","priorValue":8454431,"priorShares":355079},{"issuer":"TRUIST FINL CORP","titleOfClass":"COM","cusip":"89832Q109","value":21483729,"shares":431227,"shareType":"SH","priorValue":18713330,"priorShares":407077},{"issuer":"COMCAST CORP NEW","titleOfClass":"CL A","cusip":"20030N101","value":21481864,"shares":875025,"shareType":"SH","priorValue":17432080,"priorShares":607178},{"issuer":"MONSTER BEVERAGE CORP NEW","titleOfClass":"COM","cusip":"61174X109","value":21240886,"shares":220983,"shareType":"SH","priorValue":14290706,"priorShares":197222},{"issuer":"PACCAR INC","titleOfClass":"COM","cusip":"693718108","value":21184724,"shares":176363,"shareType":"SH","priorValue":15772218,"priorShares":136556},{"issuer":"MARRIOTT INTL INC NEW","titleOfClass":"CL A","cusip":"571903202","value":21149571,"shares":57070,"shareType":"SH","priorValue":16173284,"priorShares":49449},{"issuer":"CONSTELLATION ENERGY CORP","titleOfClass":"COM","cusip":"21037T109","value":21119149,"shares":85031,"shareType":"SH","priorValue":18687410,"priorShares":66920},{"issuer":"AON PLC","titleOfClass":"SHS CL A","cusip":"G0403H108","value":20636757,"shares":62217,"shareType":"SH","priorValue":16833300,"priorShares":52151},{"issuer":"THERMO FISHER SCIENTIFIC INC","titleOfClass":"COM","cusip":"883556102","value":20508131,"shares":40905,"shareType":"SH","priorValue":14268133,"priorShares":29028},{"issuer":"KEYSIGHT TECHNOLOGIES INC","titleOfClass":"COM","cusip":"49338L103","value":20462992,"shares":58454,"shareType":"SH","priorValue":11754498,"priorShares":41628},{"issuer":"WORKDAY INC","titleOfClass":"CL A","cusip":"98138H101","value":20456260,"shares":167099,"shareType":"SH","priorValue":18173859,"priorShares":139885},{"issuer":"TRAVELERS COMPANIES INC","titleOfClass":"COM","cusip":"89417E109","value":20448623,"shares":61943,"shareType":"SH","priorValue":15334201,"priorShares":52572},{"issuer":"FASTENAL CO","titleOfClass":"COM","cusip":"311900104","value":20379705,"shares":424312,"shareType":"SH","priorValue":15542701,"priorShares":334972},{"issuer":"INTERCONTINENTAL EXCHANGE IN","titleOfClass":"COM","cusip":"45866F104","value":20281388,"shares":164742,"shareType":"SH","priorValue":21715492,"priorShares":138069},{"issuer":"GENERAL DYNAMICS CORP","titleOfClass":"COM","cusip":"369550108","value":20238794,"shares":57133,"shareType":"SH","priorValue":20062925,"priorShares":58455},{"issuer":"NEXTERA ENERGY INC","titleOfClass":"COM","cusip":"65339F101","value":20215713,"shares":230326,"shareType":"SH","priorValue":15654831,"priorShares":168549},{"issuer":"TE CONNECTIVITY PLC","titleOfClass":"ORD SHS","cusip":"G87052109","value":20013220,"shares":99267,"shareType":"SH","priorValue":14463348,"priorShares":69196},{"issuer":"MOODYS CORP","titleOfClass":"COM","cusip":"615369105","value":19822950,"shares":43767,"shareType":"SH","priorValue":16271253,"priorShares":37298},{"issuer":"FLEX LTD","titleOfClass":"ORD","cusip":"Y2573F102","value":19756819,"shares":121903,"shareType":"SH","priorValue":339017,"priorShares":5179},{"issuer":"MONDELEZ INTL INC","titleOfClass":"CL A","cusip":"609207105","value":19725580,"shares":341037,"shareType":"SH","priorValue":16099140,"priorShares":279305},{"issuer":"WARNER BROS DISCOVERY INC","titleOfClass":"COM SER A","cusip":"934423104","value":19569880,"shares":734054,"shareType":"SH","priorValue":15832008,"priorShares":576548},{"issuer":"XCEL ENERGY INC","titleOfClass":"COM","cusip":"98389B100","value":19523500,"shares":243132,"shareType":"SH","priorValue":15584539,"priorShares":196180},{"issuer":"ROCKET LAB CORP","titleOfClass":"COM","cusip":"773121108","value":19481223,"shares":191650,"shareType":"SH","priorValue":7680584,"priorShares":119598},{"issuer":"TRANSDIGM GROUP INC","titleOfClass":"COM","cusip":"893641100","value":19417147,"shares":14577,"shareType":"SH","priorValue":17926793,"priorShares":15468},{"issuer":"EXELON CORP","titleOfClass":"COM","cusip":"30161N101","value":19412988,"shares":416409,"shareType":"SH","priorValue":16076550,"priorShares":327959},{"issuer":"ROSS STORES INC","titleOfClass":"COM","cusip":"778296103","value":19361475,"shares":90963,"shareType":"SH","priorValue":16346250,"priorShares":75457},{"issuer":"T-MOBILE US INC","titleOfClass":"COM","cusip":"872590104","value":19357384,"shares":115408,"shareType":"SH","priorValue":17429970,"priorShares":82988},{"issuer":"CINTAS CORP","titleOfClass":"COM","cusip":"172908105","value":19345920,"shares":113746,"shareType":"SH","priorValue":14483289,"priorShares":85629},{"issuer":"TAKE-TWO INTERACTIVE SOFTWAR","titleOfClass":"COM","cusip":"874054109","value":19328954,"shares":77322,"shareType":"SH","priorValue":13266470,"priorShares":67172},{"issuer":"KEURIG DR PEPPER INC","titleOfClass":"COM","cusip":"49271V100","value":19069840,"shares":582641,"shareType":"SH","priorValue":13416162,"priorShares":509539},{"issuer":"KKR & CO INC","titleOfClass":"COM","cusip":"48251W104","value":19025443,"shares":207294,"shareType":"SH","priorValue":15765053,"priorShares":170433},{"issuer":"LENNOX INTL INC","titleOfClass":"COM","cusip":"526107107","value":18918809,"shares":33020,"shareType":"SH","priorValue":12518050,"priorShares":26971},{"issuer":"TOPBUILD COR","titleOfClass":"COM","cusip":"89055F103","value":18802144,"shares":53034,"shareType":"SH","priorValue":14080455,"priorShares":40081},{"issuer":"VALERO ENERGY CORP","titleOfClass":"COM","cusip":"91913Y100","value":18494365,"shares":71012,"shareType":"SH","priorValue":22051890,"priorShares":89250},{"issuer":"OLD DOMINION FREIGHT LINE IN","titleOfClass":"COM","cusip":"679580100","value":18299234,"shares":84484,"shareType":"SH","priorValue":14919962,"priorShares":76356},{"issuer":"ELECTRONIC ARTS INC","titleOfClass":"COM","cusip":"285512109","value":18200376,"shares":88765,"shareType":"SH","priorValue":14326760,"priorShares":70274},{"issuer":"UNION PAC CORP","titleOfClass":"COM","cusip":"907818108","value":18135056,"shares":66673,"shareType":"SH","priorValue":11026594,"priorShares":45448},{"issuer":"WELLTOWER INC","titleOfClass":"COM","cusip":"95040Q104","value":18045250,"shares":79505,"shareType":"SH","priorValue":11720051,"priorShares":59279},{"issuer":"IDEXX LABS INC","titleOfClass":"COM","cusip":"45168D104","value":17943181,"shares":34084,"shareType":"SH","priorValue":14552389,"priorShares":25899},{"issuer":"ALLSTATE CORP","titleOfClass":"COM","cusip":"020002101","value":17842407,"shares":74987,"shareType":"SH","priorValue":13105961,"priorShares":63210},{"issuer":"MARATHON PETE CORP","titleOfClass":"COM","cusip":"56585A102","value":17838352,"shares":69771,"shareType":"SH","priorValue":21459515,"priorShares":87884},{"issuer":"MCDONALDS CORP","titleOfClass":"COM","cusip":"580135101","value":17655568,"shares":65316,"shareType":"SH","priorValue":13799076,"priorShares":44400},{"issuer":"GE HEALTHCARE TECHNOLOGIES I","titleOfClass":"COMMON STOCK","cusip":"36266G107","value":17423074,"shares":272193,"shareType":"SH","priorValue":14395870,"priorShares":202246},{"issuer":"ABBOTT LABORATORIES","titleOfClass":"COM","cusip":"002824100","value":17397852,"shares":191733,"shareType":"SH","priorValue":13795665,"priorShares":134369},{"issuer":"GALLAGHER ARTHUR J & CO","titleOfClass":"COM","cusip":"363576109","value":17180330,"shares":74837,"shareType":"SH","priorValue":13531918,"priorShares":62480},{"issuer":"MASCO CORP","titleOfClass":"COM","cusip":"574599106","value":17118051,"shares":210373,"shareType":"SH","priorValue":10386296,"priorShares":172044},{"issuer":"PAYCHEX INC","titleOfClass":"COM","cusip":"704326107","value":17106568,"shares":173971,"shareType":"SH","priorValue":13273018,"priorShares":144084},{"issuer":"NORTHROP GRUMMAN CORP","titleOfClass":"COM","cusip":"666807102","value":17017066,"shares":33412,"shareType":"SH","priorValue":19732428,"priorShares":28923},{"issuer":"WILLIAMS COS INC","titleOfClass":"COM","cusip":"969457100","value":16734752,"shares":225111,"shareType":"SH","priorValue":16059125,"priorShares":220653}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}