The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGCO CORP COM 001084102   1,601,740 14,000 SH   SOLE NONE 0 0 14,000
AGNICO EAGLE MINES LTD COM 008474108   99,548,060 503,088 SH   SOLE NONE 313,609 0 189,479
ALAMOS GOLD INC-CLASS A COM 011532108   12,665,303 296,236 SH   SOLE NONE 253,436 0 42,800
ALBEMARLE CORP COM 012653101   6,034,700 33,387 SH   SOLE NONE 18,942 0 14,445
ALIBABA GROUP HOLDING LTD COM 01609W102   10,876,925 89,251 SH   SOLE NONE 0 0 89,251
ALPHABET INC COM 02079K107   111,722,888 399,540 SH   SOLE NONE 149,507 0 250,033
ALPHABET INC (A RG) COM 02079K305   31,279,244 112,493 SH   SOLE NONE 8,184 0 104,309
AMAZON.COM INC COM 023135106   149,681,097 725,858 SH   SOLE NONE 268,729 0 457,129
AMBEV SA COM 02319V103   14,778,072 5,131,275 SH   SOLE NONE 2,632,399 0 2,498,876
AMRIZE LTD COM H2927K103   60,194,263 1,113,036 SH   SOLE NONE 649,405 0 463,631
ANGLOGOLD ASHANTI PLC COM G0378L100   5,587,890 59,000 SH   SOLE NONE 59,000 0 0
APPLE INC COM 037833100   76,591,250 307,802 SH   SOLE NONE 121,119 0 186,683
APPLIED MATERIALS INC COM 038222105   44,431,632 133,974 SH   SOLE NONE 70,214 0 63,760
APPLOVIN CORP COM 03831W108   7,269,312 19,200 SH   SOLE NONE 0 0 19,200
ARCHER-DANIELS-MIDLAND CO COM 039483102   19,983,094 274,267 SH   SOLE NONE 217,376 0 56,891
ARISTA NE RG COM 040413205   12,159,441 100,841 SH   SOLE NONE 10,783 0 90,058
ASML HOLDING NV COM N07059210   85,159,959 66,357 SH   SOLE NONE 36,454 0 29,903
AT&T INC COM 00206R102   11,661,000 405,600 SH   SOLE NONE 405,600 0 0
BERKSHIRE HATHAWAY INC COM 084670702   14,169,870 29,665 SH   SOLE NONE 0 0 29,665
BROADCOM INC COM 11135F101   30,211,067 101,950 SH   SOLE NONE 29,040 0 72,910
CADENCE DESIGN COM 127387108   32,935,476 120,548 SH   SOLE NONE 92,755 0 27,793
CAMECO CORP COM 13321L108   20,967,769 198,701 SH   SOLE NONE 124,110 0 74,591
CHENIERE ENERGY INC COM 16411R208   19,778,345 67,381 SH   SOLE NONE 12,123 0 55,258
CHEVRON CORP COM 166764100   269,789,908 1,276,816 SH   SOLE NONE 927,998 0 348,818
CISCO SYSTEMS INC COM 17275R102   50,575,131 655,485 SH   SOLE NONE 405,417 0 250,068
COCA-COLA CO COM 191216100   4,276,504 56,100 SH   SOLE NONE 0 0 56,100
COINBASE GLB RG-A COM 19260Q107   12,159,361 73,688 SH   SOLE NONE 0 0 73,688
COLGATE-PALMOLIVE CO COM 194162103   52,339,430 616,276 SH   SOLE NONE 204,588 0 411,688
CRH PLC COM G25508105   1,640,182 15,884 SH   SOLE NONE 0 0 15,884
DEERE & CO COM 244199105   17,347,182 31,111 SH   SOLE NONE 24,217 0 6,894
DIGITAL REALTY TRUST INC COM 253868103   6,750,812 38,918 SH   SOLE NONE 18,900 0 20,018
EBAY INC COM 278642103   10,858,410 121,854 SH   SOLE NONE 64,454 0 57,400
ELI LILLY & CO COM 532457108   234,542,552 257,897 SH   SOLE NONE 150,548 0 107,349
ESTEE LAUDER COMPANIES-CL A COM 518439104   9,044,994 130,200 SH   SOLE NONE 34,100 0 96,100
ETSY INC COM 29786A106   1,074,834 22,100 SH   SOLE NONE 0 0 22,100
EXXON MOBIL CORP COM 30231G102   13,906,973 81,643 SH   SOLE NONE 41,321 0 40,322
Equinor ASA COM 29446M102   2,913,237 73,721 SH   SOLE NONE 0 0 73,721
FASTENAL CO COM 311900104   16,191,400 355,299 SH   SOLE NONE 0 0 355,299
FERRARI NV COM N3167Y103   5,811,395 17,574 SH   SOLE NONE 0 0 17,574
FRANCO-NEVADA CORP COM 351858105   5,251,620 21,900 SH   SOLE NONE 21,900 0 0
FREEPORT-MCMORAN INC COM 35671D857   3,847,437 67,677 SH   SOLE NONE 55,277 0 12,400
GENERAL MILLS INC COM 370334104   3,194,444 85,941 SH   SOLE NONE 69,139 0 16,802
GILEAD SCIENCES INC COM 375558103   22,647,432 163,522 SH   SOLE NONE 132,068 0 31,454
GOLD FIELDS LTD-SPONS ADR COM 38059T106   89,715,275 2,018,394 SH   SOLE NONE 1,690,580 0 327,814
HALLIBURTON CO COM 406216101   11,413,986 284,103 SH   SOLE NONE 178,400 0 105,703
HASBRO INC COM 418056107   4,128,750 45,000 SH   SOLE NONE 0 0 45,000
HDFC BANK LTD-ADR COM 40415F101   6,461,411 262,531 SH   SOLE NONE 49,020 0 213,511
HERSHEY CO., THE REGISTERED SHARES DL 1,- COM 427866108   32,227,527 150,640 SH   SOLE NONE 60,897 0 89,743
HOME DEPOT INC COM 437076102   9,967,654 30,570 SH   SOLE NONE 0 0 30,570
IAMGOLD CORP COM 450913108   3,275,135 180,200 SH   SOLE NONE 180,200 0 0
IBM COM 459200101   5,113,649 21,323 SH   SOLE NONE 12,499 0 8,824
ICICI BANK LTD-SPON ADR COM 45104G104   311,406 12,225 SH   SOLE NONE 0 0 12,225
INTUIT INC COM 461202103   51,315,224 120,377 SH   SOLE NONE 95,534 0 24,843
JOHNSON & JOHNSON COM 478160104   182,698,152 751,444 SH   SOLE NONE 430,877 0 320,567
JPMORGAN CHASE & CO COM 46625H100   77,786,825 267,958 SH   SOLE NONE 106,108 0 161,850
KINROSS GOLD CORP COM 496902404   6,289,938 213,146 SH   SOLE NONE 213,146 0 0
LAM RESEARCH CORP COM 512807306   91,828,146 440,002 SH   SOLE NONE 265,409 0 174,593
LINDE PLC COM G54950103   157,833,550 318,359 SH   SOLE NONE 221,891 0 96,468
LUXEXPERIENCE BV COM 55406W103   6,118,509 749,946 SH   SOLE NONE 749,946 0 0
MASTERCARD INC COM 57636Q104   18,149,835 36,391 SH   SOLE NONE 16,608 0 19,783
MCDONALD'S CORP COM 580135101   14,138,989 45,617 SH   SOLE NONE 10,640 0 34,977
MERCK & CO. INC. COM 58933Y105   156,692,850 1,306,098 SH   SOLE NONE 797,070 0 509,028
META PLATFORMS INC-CLASS A COM 30303M102   36,130,414 64,708 SH   SOLE NONE 29,079 0 35,629
MICROSOFT CORP COM 594918104   63,782,604 173,562 SH   SOLE NONE 59,008 0 114,554
MONDELEZ INTERNATIONAL INC-A COM 609207105   7,377,150 127,500 SH   SOLE NONE 0 0 127,500
MONSTER BEVERAGE CORP COM 61174X109   2,426,223 33,900 SH   SOLE NONE 0 0 33,900
MORGAN STANLEY COM 617446448   15,118,232 93,386 SH   SOLE NONE 30,748 0 62,638
NEBIUS GROUP NV COM N97284108   5,752,984 58,400 SH   SOLE NONE 0 0 58,400
NETFLIX INC COM 64110L106   9,570,577 102,670 SH   SOLE NONE 46,700 0 55,970
NEWMONT CORP COM 651639106   102,476,121 963,044 SH   SOLE NONE 353,353 0 609,691
NEXTERA ENERGY INC COM 65339F101   165,312,955 1,800,015 SH   SOLE NONE 1,085,392 0 714,623
NIKE COM 654106103   18,724,563 357,934 SH   SOLE NONE 46,543 0 311,391
NISOURCE INC COM 65473P105   6,520,739 139,900 SH   SOLE NONE 129,900 0 10,000
NUTRIEN LTD COM 67077M108   116,111,402 1,534,869 SH   SOLE NONE 981,639 0 553,230
NVIDIA COM 67066G104   261,695,425 1,549,464 SH   SOLE NONE 906,179 0 643,285
ORACLE CORP COM 68389X105   6,986,889 49,604 SH   SOLE NONE 12,785 0 36,819
PALO ALTO NET COM 697435105   31,886,296 203,781 SH   SOLE NONE 58,098 0 145,683
PAN AMERICAN SILVER CORP COM 697900108   5,049,643 96,202 SH   SOLE NONE 94,402 0 1,800
PEPSICO INC COM 713448108   15,166,204 96,759 SH   SOLE NONE 8,600 0 88,159
PETROLEO BRASILEIRO SA - PETRO COM 71654V408   65,428,104 3,103,800 SH   SOLE NONE 2,386,400 0 717,400
PROCTER & GAMBLE CO COM 742718109   4,235,101 29,400 SH   SOLE NONE 0 0 29,400
QUANTA SERVICES INC COM 74762E102   43,736,828 81,140 SH   SOLE NONE 27,614 0 53,526
RELIANCE INDS-SPONS GDR 144A COM 759509102   987,252 16,905 SH   SOLE NONE 0 0 16,905
ROCKWELL AUTOMATION INC COM 773903109   26,054,368 73,091 SH   SOLE NONE 55,412 0 17,679
ROYAL GOLD INC COM 780287108   4,755,750 19,530 SH   SOLE NONE 19,530 0 0
Rio Tinto Plc COM 767204100   4,853,327 54,828 SH   SOLE NONE 0 0 54,828
SALESFORCE INC COM 79466L302   33,635,520 181,654 SH   SOLE NONE 74,891 0 106,763
SERVICENOW COM 81762P102   2,237,905 21,285 SH   SOLE NONE 0 0 21,285
SLB LTD COM 806857108   11,685,682 221,866 SH   SOLE NONE 146,900 0 74,966
SYNOPSYS INC COM 871607107   9,953,752 25,400 SH   SOLE NONE 0 0 25,400
Sumitomo Mitsui Financial Group, Inc. COM 86562M209   3,369,791 100,470 SH   SOLE NONE 0 0 100,470
T-MOBILE US INC COM 872590104   2,858,019 13,459 SH   SOLE NONE 6,271 0 7,188
TAIWAN SEMICONDUCT.MANUFACT. CO COM 874039100   118,389,219 363,939 SH   SOLE NONE 63,559 0 300,380
TAKE-TWO INTERACTIVE SOFTW. INC. REGISTERED SHARES DL -,01 COM 874054109   9,988,310 51,205 SH   SOLE NONE 20,100 0 31,105
TAPESTRY INC COM 876030107   2,817,216 20,100 SH   SOLE NONE 0 0 20,100
TECK RESOURCES LTD-CLS B COM 878742204   2,206,206 43,800 SH   SOLE NONE 0 0 43,800
TESLA INC COM 88160R101   18,203,650 50,391 SH   SOLE NONE 14,170 0 36,221
TJX COMPANIES INC COM 872540109   145,822,026 924,164 SH   SOLE NONE 547,443 0 376,721
TORONTO-DOMINION BANK/THE COM 891160509   1,892,629 20,500 SH   SOLE NONE 16,200 0 4,300
TOTALENERGIES SE COM F92124100   282,460,685 3,052,518 SH   SOLE NONE 1,996,149 0 1,056,369
TRAVELERS COS INC/THE COM 89417E109   15,980,528 54,786 SH   SOLE NONE 0 0 54,786
UNILEVER COM 904767803   5,468,898 102,506 SH   SOLE NONE 0 0 102,506
UNITEDHEALTH GROUP INC COM 91324P102   5,348,354 20,200 SH   SOLE NONE 0 0 20,200
VENTURE GLOBAL INC COM 92333F101   880,207 54,100 SH   SOLE NONE 54,100 0 0
VERIZON COMMUNICATIONS INC COM 92343V104   166,912,218 3,328,343 SH   SOLE NONE 2,297,401 0 1,030,942
VERTIV HOLDINGS CO COM 92537N108   25,970,989 108,133 SH   SOLE NONE 84,247 0 23,886
VISA INC COM 92826C839   10,275,410 34,192 SH   SOLE NONE 9,646 0 24,546
WABTEC COM 929740108   28,590,264 116,784 SH   SOLE NONE 0 0 116,784
WAL-MART STORES INC. REGISTERED SHARES DL -,10 COM 931142103   17,504,409 140,221 SH   SOLE NONE 29,116 0 111,105
WALT DISNEY CO/THE COM 254687106   1,694,139 17,810 SH   SOLE NONE 0 0 17,810
WHEATON PRECIOUS METALS CORP COM 962879102   10,214,336 79,890 SH   SOLE NONE 65,700 0 14,190
WILLIAMS COS INC COM 969457100   3,965,052 54,600 SH   SOLE NONE 29,900 0 24,700
YUM! BRANDS INC COM 988498101   5,290,398 34,200 SH   SOLE NONE 0 0 34,200