Investor: Rajiv Jain & Tim Carver
Number of Assets: 81
Reporting Period: Q1 - 2026
Holdings at Report: $63,091,750,614
Return Since Report: -$2,249,162,447
Return Since Report: -3.56%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Altria Group Inc. (MO) | Equity | -4.87% | 23,836,839 | 2.52% | $65.99 | $69.12 | $1,572,994,195 | $1,647,602,312 | +$74,608,117 | +4.74% |
| Canadian Natural Resources Limited (CNQ) | Equity | +100% | 17,555,471 | 1.37% | $48.63 | $41.05 | $853,652,499 | $720,652,085 | -$133,000,414 | -15.58% |
| Alphabet Inc. (GOOG) | Equity | -44.80% | 706 | 0.00% | $286.87 | $367.46 | $202,532 | $259,427 | +$56,895 | +28.09% |
| Amazon.com Inc. (AMZN) | Equity | -56.13% | 1,434 | 0.00% | $208.34 | $244.39 | $298,765 | $350,455 | +$51,690 | +17.30% |
| At&T Inc. (T) | Equity | -5.41% | 81,353,084 | 3.78% | $28.99 | $22.01 | $2,358,426,148 | $1,790,581,379 | -$567,844,769 | -24.08% |
| The Allstate Corp. (ALL) | Equity | +4.97% | 5,761,603 | 1.91% | $207.34 | $221.17 | $1,194,615,277 | $1,274,293,736 | +$79,678,459 | +6.67% |
| American Water Works Company Inc. (AWK) | Equity | -0.96% | 6,431,056 | 1.40% | $136.09 | $125.07 | $875,205,303 | $804,332,174 | -$70,873,129 | -8.10% |
| Bristol-Myers Squibb Company (BMY) | Equity | +100% | 46,361 | 0.00% | $60.65 | $54.00 | $2,811,794 | $2,503,494 | -$308,300 | -10.96% |
| British American Tobacco P.L.C. (BTI) | Equity | -1.35% | 27,683,334 | 2.59% | $58.47 | $58.91 | $1,618,644,764 | $1,630,825,206 | +$12,180,442 | +0.75% |
| The Cigna Group (CI) | Equity | -22.68% | 6,002,448 | 2.57% | $266.75 | $279.27 | $1,601,158,761 | $1,676,303,653 | +$75,144,892 | +4.69% |
| CME Group Inc. (CME) | Equity | -37.61% | 2,625,795 | 1.24% | $295.35 | $246.38 | $775,534,502 | $646,943,372 | -$128,591,130 | -16.58% |
| CMS Energy Corp. (CMS) | Equity | -2.37% | 4,412,573 | 0.55% | $77.58 | $73.38 | $342,327,877 | $323,794,607 | -$18,533,270 | -5.41% |
| CVS Health Corp. (CVS) | Equity | +0.02% | 31,523 | 0.00% | $71.82 | $98.32 | $2,263,982 | $3,099,341 | +$835,359 | +36.90% |
| The Procter & Gamble Company (PG) | Equity | -97.01% | 96,492 | 0.02% | $144.44 | $150.38 | $13,937,333 | $14,510,467 | +$573,134 | +4.11% |
| The Progressive Corp. (PGR) | Equity | -12.40% | 9,138,940 | 2.90% | $198.24 | $204.87 | $1,811,707,478 | $1,872,294,638 | +$60,587,160 | +3.34% |
| Royal Bank Of Canada (RY) | Equity | 0% | 3,059 | 0.00% | $161.78 | $201.56 | $494,885 | $616,572 | +$121,687 | +24.59% |
| Shell PLC (SHEL) | Equity | -17.87% | 6,001 | 0.00% | $93.00 | $78.81 | $558,123 | $472,939 | -$85,184 | -15.26% |
| SPDR Gold Shares (GLD) | Equity | +100% | 2,763 | 0.00% | $430.29 | $387.12 | $1,188,891 | $1,069,613 | -$119,278 | -10.03% |
| Sanofi (SNY) | Equity | +36.18% | 164,705 | 0.01% | $48.18 | $42.38 | $7,935,731 | $6,980,198 | -$955,533 | -12.04% |
| The Southern Company (SO) | Equity | -0.30% | 53,702 | 0.01% | $96.52 | $93.09 | $5,183,318 | $4,999,119 | -$184,199 | -3.55% |
| Anheuser Busch Inbev NV (BUD) | Equity | -99.71% | 6,792 | 0.00% | $69.37 | $80.74 | $471,169 | $548,386 | +$77,217 | +16.39% |
| Atmos Energy Corp. (ATO) | Equity | +26.10% | 887,204 | 0.26% | $184.72 | $170.11 | $163,887,510 | $150,922,272 | -$12,965,238 | -7.91% |
| Bp P.L.C. (BP) | Equity | +100% | 5,462,538 | 0.41% | $47.00 | N/A | $256,739,990 | N/A | N/A | N/A |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -5.06% | 1,896,646 | 1.46% | $479.21 | $489.46 | $908,882,953 | $928,332,351 | +$19,449,398 | +2.14% |
| Cenovus Energy Inc. (CVE) | Equity | +100% | 26,774,463 | 1.14% | $26.46 | $25.16 | $708,332,323 | $673,645,489 | -$34,686,834 | -4.90% |
| Centerpoint Energy Inc. (CNP) | Equity | -16.55% | 4,741,580 | 0.33% | $43.16 | $42.82 | $204,647,168 | $203,034,456 | -$1,612,712 | -0.79% |
| Eni S.P.A. (E) | Equity | +71.14% | 300,743 | 0.03% | $56.61 | $48.95 | $17,025,357 | $14,721,370 | -$2,303,987 | -13.53% |
| Embraer S.A. (ERJ) | Equity | -24.12% | 6,073,854 | 0.58% | $59.34 | $64.37 | $360,422,496 | $390,973,982 | +$30,551,486 | +8.48% |
| Exelon Corp. (EXC) | Equity | -10.81% | 22,278,201 | 1.75% | $49.02 | $45.81 | $1,092,078,338 | $1,020,564,388 | -$71,513,950 | -6.55% |
| Exxon Mobil Corp. (XOM) | Equity | -23.55% | 6,663,103 | 1.81% | $169.66 | $137.81 | $1,130,464,761 | $918,242,224 | -$212,222,537 | -18.77% |
| Franco-Nevada Corp. (FNV) | Equity | -33.17% | 1,166,853 | 0.46% | $246.82 | $219.26 | $288,003,119 | $255,844,189 | -$32,158,930 | -11.17% |
| Grupo Aeroportuario Del Sureste S. A. B. De C. V. (ASR) | Equity | +1016.69% | 366,108 | 0.20% | $336.13 | $308.21 | $123,059,882 | $112,838,147 | -$10,221,735 | -8.31% |
| HDFC Bank Limited (HDB) | Equity | -35.62% | 34,095,946 | 1.36% | $24.88 | $25.06 | $848,307,136 | $854,444,407 | +$6,137,271 | +0.72% |
| Icici Bank Limited (IBN) | Equity | +3.66% | 77,366,552 | 3.21% | $25.90 | $27.94 | $2,003,793,746 | $2,161,621,463 | +$157,827,717 | +7.88% |
| Itaú Unibanco Holding S.A. (ITUB) | C.Pref | +100% | 81,646,220 | N/A | $8.38 | N/A | $684,195,330 | N/A | N/A | N/A |
| Merck & Co. Inc. (MRK) | Equity | -0.92% | 53,016 | 0.01% | $120.29 | $113.87 | $6,377,294 | $6,036,932 | -$340,362 | -5.34% |
| National Grid PLC (NGG) | Equity | 0% | 5,914 | 0.00% | $84.60 | $79.44 | $500,324 | $469,808 | -$30,516 | -6.10% |
| Nextera Energy Inc. (NEE) | Equity | -6.14% | 9,258,727 | 1.38% | $92.88 | $86.75 | $859,952,359 | $803,194,567 | -$56,757,792 | -6.60% |
| Novartis Ag (NVS) | Equity | -22.51% | 2,447,272 | 0.60% | $152.75 | $147.08 | $373,824,036 | $359,944,766 | -$13,879,270 | -3.71% |
| Old Republic International Corporation (ORI) | Equity | +3.37% | 3,532,203 | 0.23% | $39.90 | N/A | $140,935,500 | N/A | N/A | N/A |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -90.35% | 176,817 | 0.10% | $337.95 | $462.12 | $59,755,405 | $81,710,672 | +$21,955,267 | +36.74% |
| Unilever PLC | Equity | +4.24% | 9,401,286 | 0.86% | $56.97 | N/A | $535,591,257 | N/A | N/A | N/A |
| Vale S.A. (VALE) | Equity | -74.55% | 16,574,442 | 0.42% | $15.91 | $15.42 | $263,699,372 | $255,577,896 | -$8,121,476 | -3.08% |
| Valero Energy Corp. (VLO) | Equity | +0.08% | 33,912 | 0.01% | $247.08 | $236.30 | $8,378,977 | $8,013,406 | -$365,571 | -4.36% |
| Verizon Communications Inc. (VZ) | Equity | +4.21% | 45,714,595 | 3.68% | $50.20 | $45.37 | $2,294,873,367 | $2,074,071,175 | -$220,802,192 | -9.62% |
| Visa Inc. (V) | Equity | -85.12% | 1,236 | 0.00% | $302.29 | $327.24 | $373,629 | $404,469 | +$30,840 | +8.25% |
| Xcel Energy Inc. (XEL) | Equity | -9.25% | 11,193,162 | 1.42% | $79.44 | $77.41 | $889,186,422 | $866,462,670 | -$22,723,752 | -2.56% |
| Totalenergies Se | Equity | +6.43% | 242,809 | 0.04% | $92.06 | N/A | $22,354,038 | N/A | N/A | N/A |
| Arch Capital Group Ltd. (ACGL) | Equity | -2.81% | 1,646,026 | 0.25% | $95.99 | $91.18 | $158,002,036 | $150,084,651 | -$7,917,385 | -5.01% |
| Astrazeneca PLC (AZN) | Equity | +100% | 45,524 | 0.01% | $194.91 | N/A | $8,872,935 | N/A | N/A | N/A |
| Ambev S.A. (ABEV) | Equity | +8.13% | 187,037,538 | 0.88% | $2.92 | $3.12 | $546,149,611 | $583,557,119 | +$37,407,508 | +6.85% |
| American Electric Power Company Inc. (AEP) | Equity | -11.10% | 15,025,884 | 3.16% | $131.08 | $127.69 | $1,969,595,479 | $1,918,655,128 | -$50,940,351 | -2.59% |
| American International Group Inc. (AIG) | Equity | -31.66% | 10,587,437 | 1.28% | $75.25 | $74.02 | $796,706,245 | $783,682,087 | -$13,024,158 | -1.63% |
| Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR) | Equity | +34.07% | 27,986 | 0.00% | $11.28 | $9.75 | $315,682 | $272,864 | -$42,818 | -13.56% |
| Chevron Corp. (CVX) | Equity | +631.03% | 10,266,187 | 3.40% | $206.90 | $173.63 | $2,124,078,498 | $1,782,518,049 | -$341,560,449 | -16.08% |
| Cinc.Innati Financial Corp. (CINF) | Equity | -10.29% | 1,518,318 | 0.38% | $157.35 | $170.20 | $238,909,962 | $258,417,724 | +$19,507,762 | +8.17% |
| The Coca-Cola Company (KO) | Equity | -19.55% | 21,119,167 | 2.57% | $76.05 | $79.39 | $1,606,113,990 | $1,676,650,668 | +$70,536,678 | +4.39% |
| Devon Energy Corp. (DVN) | Equity | +100% | 16,170,345 | 1.30% | $50.32 | $42.12 | $813,692,707 | $681,094,931 | -$132,597,776 | -16.30% |
| Duke Energy Corp. (DUK) | Equity | -18.24% | 7,802,463 | 1.64% | $130.94 | $123.86 | $1,021,657,201 | $966,413,067 | -$55,244,134 | -5.41% |
| Enbridge Inc. (ENB) | Equity | -4.89% | 76,426,780 | 6.62% | $54.04 | $54.55 | $4,130,317,976 | $4,169,080,849 | +$38,762,873 | +0.94% |
| The Kroger Co. (KR) | Equity | -4.93% | 12,737,042 | 1.48% | $72.36 | $56.61 | $921,653,793 | $721,043,948 | -$200,609,845 | -21.77% |
| Suncor Energy Inc. (SU) | Equity | +100% | 17,218,819 | 1.82% | $65.93 | $55.33 | $1,135,259,064 | $952,717,255 | -$182,541,809 | -16.08% |
| Nvidia Corp. (NVDA) | Equity | -26.57% | 2,984 | 0.00% | $174.39 | $210.69 | $520,394 | $628,699 | +$108,305 | +20.81% |
| Johnson & Johnson (JNJ) | Equity | -5.61% | 7,317,289 | 2.87% | $244.44 | $228.39 | $1,788,642,935 | $1,671,195,635 | -$117,447,300 | -6.57% |
| Occidental Petroleum Corp. (OXY) | Equity | +100% | 18,311,639 | 1.91% | $65.00 | $51.82 | $1,190,257,845 | $948,909,133 | -$241,348,712 | -20.28% |
| PPL Corp. (PPL) | Equity | -92.54% | 345,965 | 0.02% | $38.20 | $35.38 | $13,215,848 | $12,240,242 | -$975,606 | -7.38% |
| Pepsico Inc. (PEP) | Equity | +100% | 1,061,310 | 0.26% | $155.29 | $142.02 | $164,813,290 | $150,727,246 | -$14,086,044 | -8.55% |
| Petróleo Brasileiro S.A. - Petrobras (PBR) | Equity | +27.53% | 173,440,105 | 5.77% | $20.75 | $16.75 | $3,598,882,238 | $2,905,121,759 | -$693,760,479 | -19.28% |
| Pfizer Inc. (PFE) | Equity | +0.01% | 96,492 | 0.00% | $28.08 | $25.21 | $2,709,495 | $2,432,563 | -$276,932 | -10.22% |
| Philip Morris International Inc. (PM) | Equity | -9.06% | 50,105,900 | 13.27% | $165.34 | $178.40 | $8,284,512,197 | $8,938,892,560 | +$654,380,363 | +7.90% |
| Ishares Russell 1000 ETF (IWB) | Equity | -93.77% | 1,110 | 0.00% | $356.68 | $408.41 | $395,913 | $453,335 | +$57,422 | +14.50% |
| Credicorp. Ltd. (BAP) | Equity | -92.31% | 72,991 | 0.04% | $339.18 | $382.76 | $24,757,087 | $27,938,035 | +$3,180,948 | +12.85% |
| Renaissancere Holdings Ltd. (RNR) | Equity | +29.85% | 502,346 | 0.24% | $297.24 | $299.17 | $149,317,569 | $150,286,853 | +$969,284 | +0.65% |
| Chubb Limited (CB) | Equity | -0.50% | 12,418,796 | 6.49% | $325.93 | $323.40 | $4,047,660,035 | $4,016,238,626 | -$31,421,409 | -0.78% |
| Tc Energy Corp. (TRP) | Equity | +4.90% | 16,946,570 | 1.70% | $62.42 | $67.70 | $1,057,816,356 | $1,147,282,789 | +$89,466,433 | +8.46% |
| Applovin Corp. (APP) | Equity | -14.12% | 1,867 | 0.00% | $398.01 | $469.71 | $743,077 | $876,949 | +$133,872 | +18.02% |
| The Goldman Sachs Group Inc. (GS) | Equity | -7.17% | 298 | 0.00% | $845.39 | $1,096.56 | $251,926 | $326,775 | +$74,849 | +29.71% |
| Ishares MSCI Acwi ETF (ACWI) | Equity | -51.92% | 26,342 | 0.01% | $138.38 | $157.74 | $3,645,136 | $4,155,187 | +$510,051 | +13.99% |
| SPDR S&P 500 ETF Trust (SPY) | Equity | -81.25% | 9,385 | 0.01% | $650.55 | $746.74 | $6,105,380 | $7,008,155 | +$902,775 | +14.79% |
| Vanguard Large Cap Index Fund (VV) | Equity | -43.49% | 846 | 0.00% | $299.03 | $307.21 | $252,978 | $259,900 | +$6,922 | +2.74% |
| Walmart Inc. (WMT) | Equity | -11.46% | 5,394 | 0.00% | $124.27 | $117.18 | $670,320 | $632,069 | -$38,251 | -5.71% |