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        <nameOfIssuer>BECTON DICKINSON &amp; CO.</nameOfIssuer>
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        <nameOfIssuer>BOSTON SCIENTIFIC CORP.</nameOfIssuer>
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        <nameOfIssuer>CAMECO CORP.</nameOfIssuer>
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            <sshPrnamt>723072</sshPrnamt>
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        <votingAuthority>
            <Sole>723072</Sole>
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            <Sole>3982</Sole>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>591</Sole>
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        <votingAuthority>
            <Sole>404233</Sole>
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        <votingAuthority>
            <Sole>14776</Sole>
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            <None>0</None>
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        <nameOfIssuer>DECKERS OUTDOOR CORP.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>243537107</cusip>
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            <sshPrnamt>104711</sshPrnamt>
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            <Sole>104711</Sole>
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            <None>0</None>
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        <nameOfIssuer>DEERE &amp; CO.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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            <sshPrnamt>10016</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>10016</Sole>
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            <None>0</None>
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        <nameOfIssuer>DELTA AIR LINES</nameOfIssuer>
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        <nameOfIssuer>DEUTSCHE BANK AG /NAM.</nameOfIssuer>
        <titleOfClass>NAMEN AKT</titleOfClass>
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        <nameOfIssuer>EDISON INTERNATIONAL</nameOfIssuer>
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        <nameOfIssuer>EDWARDS LIFESCIENCES</nameOfIssuer>
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        <nameOfIssuer>EMCOR GROUP INC.</nameOfIssuer>
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        <nameOfIssuer>ENBRIDGE INC.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <nameOfIssuer>ENTERGY CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <titleOfClass>CL B</titleOfClass>
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        <titleOfClass>COM</titleOfClass>
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        <votingAuthority>
            <Sole>32702</Sole>
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        <nameOfIssuer>ERIE INDEMNITY COMPANY CL.A</nameOfIssuer>
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            <sshPrnamt>6494</sshPrnamt>
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        <votingAuthority>
            <Sole>6494</Sole>
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        <nameOfIssuer>EVEREST GROUP LTD</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>G3223R108</cusip>
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            <sshPrnamt>27514</sshPrnamt>
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        <votingAuthority>
            <Sole>27514</Sole>
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        <nameOfIssuer>EXELON CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>30161N101</cusip>
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            <Sole>200383</Sole>
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        <nameOfIssuer>EXPAND ENERGY CORPORATION</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>165167735</cusip>
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            <sshPrnamt>7215</sshPrnamt>
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        <cusip>30212P303</cusip>
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            <Sole>35608</Sole>
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        <nameOfIssuer>EXPEDITORS INTL WASH INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>302130109</cusip>
        <value>2617946</value>
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            <Sole>18504</Sole>
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        <nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>30231G102</cusip>
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            <sshPrnamt>651596</sshPrnamt>
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            <Sole>651596</Sole>
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        <nameOfIssuer>F5 INC</nameOfIssuer>
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            <sshPrnamt>1946</sshPrnamt>
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        <votingAuthority>
            <Sole>1946</Sole>
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        <nameOfIssuer>FAIR ISAAC CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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            <sshPrnamt>3592</sshPrnamt>
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            <Sole>3592</Sole>
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        <nameOfIssuer>FEDEX CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>31428X106</cusip>
        <value>2921023</value>
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            <sshPrnamt>8547</sshPrnamt>
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            <Sole>8547</Sole>
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        <nameOfIssuer>FERGUSON ENTERPRISES INC</nameOfIssuer>
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        <cusip>31488V107</cusip>
        <value>1512992</value>
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            <sshPrnamt>6765</sshPrnamt>
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        <votingAuthority>
            <Sole>6765</Sole>
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        <nameOfIssuer>FERRARI N.V.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>N3167Y103</cusip>
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            <sshPrnamt>40978</sshPrnamt>
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            <Sole>40978</Sole>
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        <nameOfIssuer>FIRST SOLAR INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>336433107</cusip>
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            <sshPrnamt>30598</sshPrnamt>
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            <Sole>30598</Sole>
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        <nameOfIssuer>FLEX LTD</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>G35947202</cusip>
        <value>573416</value>
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            <sshPrnamt>9467</sshPrnamt>
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        <votingAuthority>
            <Sole>9467</Sole>
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        <nameOfIssuer>FORTINET</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>34959E109</cusip>
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            <Sole>290964</Sole>
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        <nameOfIssuer>FREEPORT MCMORAN INC</nameOfIssuer>
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        <cusip>35671D857</cusip>
        <value>30226205</value>
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        <nameOfIssuer>FTAI AVIATION LTD</nameOfIssuer>
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        <cusip>G3730V105</cusip>
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        <nameOfIssuer>FUTU HOLDINGS LTD /SADR</nameOfIssuer>
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        <cusip>36118L106</cusip>
        <value>2480134</value>
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            <sshPrnamt>18879</sshPrnamt>
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        <nameOfIssuer>GAM &amp; LEIR PRPR /REIT</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>36467J108</cusip>
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        <nameOfIssuer>GARMIN LTD</nameOfIssuer>
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        <cusip>H2906T109</cusip>
        <value>514376</value>
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        <nameOfIssuer>GE HEALTHCARE TECHNOLOGY</nameOfIssuer>
        <titleOfClass>COMMON STOCK</titleOfClass>
        <cusip>36266G107</cusip>
        <value>1623178</value>
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        <titleOfClass>COM</titleOfClass>
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        <cusip>368736104</cusip>
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        <nameOfIssuer>GENERAL DYNAMICS CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>369550108</cusip>
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        <nameOfIssuer>GENERAL ELECTRIC</nameOfIssuer>
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        <cusip>369604301</cusip>
        <value>64214843</value>
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        <nameOfIssuer>GENERAL MOTORS CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>37045V100</cusip>
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        <nameOfIssuer>GILDAN ACTIVEWEAR</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>375916103</cusip>
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        <nameOfIssuer>GILEAD SCIENCES INC.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>375558103</cusip>
        <value>21753183</value>
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        <nameOfIssuer>GODADDY INC - CLASS A</nameOfIssuer>
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        <cusip>380237107</cusip>
        <value>1264518</value>
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        <nameOfIssuer>GOLDMAN SACHS GROUP INC.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>38141G104</cusip>
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            <sshPrnamt>5719</sshPrnamt>
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        <nameOfIssuer>GRAB HLDG RG-A</nameOfIssuer>
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        <cusip>G4124C109</cusip>
        <value>9365284</value>
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            <sshPrnamt>2653055</sshPrnamt>
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            <Sole>2653055</Sole>
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        <nameOfIssuer>GRACO INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>384109104</cusip>
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        <nameOfIssuer>H WORLD GROUP LTD-ADR</nameOfIssuer>
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        <cusip>44332N106</cusip>
        <value>958341</value>
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            <sshPrnamt>19610</sshPrnamt>
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            <Sole>19610</Sole>
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        <nameOfIssuer>HALLIBURTON CO</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>406216101</cusip>
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            <Sole>893827</Sole>
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        <nameOfIssuer>HARTFORD INSURANCE GROUP INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>416515104</cusip>
        <value>6598181</value>
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        <votingAuthority>
            <Sole>49079</Sole>
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        <nameOfIssuer>HCA HEALTHCARE INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>40412C101</cusip>
        <value>3611648</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7720</sshPrnamt>
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            <Sole>7720</Sole>
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        <nameOfIssuer>HEALTHPEAK PROPERTIES INC /REIT</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>42250P103</cusip>
        <value>6547577</value>
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            <Sole>395624</Sole>
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        <nameOfIssuer>HEICO CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>422806109</cusip>
        <value>3850476</value>
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            <sshPrnamt>14529</sshPrnamt>
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        <nameOfIssuer>INTEL CORP.</nameOfIssuer>
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        <nameOfIssuer>INTERCONT EXCH</nameOfIssuer>
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        <nameOfIssuer>INTL BUSINESS MACHINES CORP</nameOfIssuer>
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        <nameOfIssuer>KINROSS GOLD CORP</nameOfIssuer>
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        <nameOfIssuer>KRAFT HEINZ CO/THE</nameOfIssuer>
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        <nameOfIssuer>KROGER CO.</nameOfIssuer>
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        <nameOfIssuer>LAM RESEARCH CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <nameOfIssuer>LAS VEGAS SANDS CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <titleOfClass>COM</titleOfClass>
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        <nameOfIssuer>MCDONALD S CORP.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <nameOfIssuer>META PLATFORMS REGISTERD SHS A</nameOfIssuer>
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        <nameOfIssuer>NEXTERA ENERGY</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <nameOfIssuer>NUCOR CORP.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <nameOfIssuer>OCCIDENTAL PETROLEUM CORP</nameOfIssuer>
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        <nameOfIssuer>OLD DOMINION FREIGHT LINES</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>679580100</cusip>
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        <nameOfIssuer>PRUDENTIAL FINANCIAL INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <nameOfIssuer>PTC INC SHS</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>69370C100</cusip>
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        <nameOfIssuer>PUBLIC SERVICE ENTERPRISE GP</nameOfIssuer>
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        <nameOfIssuer>PUBLIC STORAGE</nameOfIssuer>
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        <nameOfIssuer>PULTEGROUP INC</nameOfIssuer>
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        <nameOfIssuer>QUALCOMM INC.</nameOfIssuer>
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        <nameOfIssuer>REGENERON PHARMA. INC.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>75886F107</cusip>
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        <votingAuthority>
            <Sole>10392</Sole>
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            <Sole>48798</Sole>
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        <cusip>V7780T103</cusip>
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            <Sole>30711</Sole>
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            <sshPrnamt>16436</sshPrnamt>
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        <votingAuthority>
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        <titleOfClass>COM</titleOfClass>
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        <nameOfIssuer>SALESFORCE --- REGISTERED SHS</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
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        <titleOfClass>COM</titleOfClass>
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        <titleOfClass>COM</titleOfClass>
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        <titleOfClass>COM</titleOfClass>
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        <cusip>833445109</cusip>
        <value>667389</value>
        <shrsOrPrnAmt>
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        <titleOfClass>COM</titleOfClass>
        <cusip>83406F102</cusip>
        <value>1733236</value>
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        <cusip>83444M101</cusip>
        <value>1225664</value>
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        <votingAuthority>
            <Sole>19317</Sole>
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        <nameOfIssuer>SPOTIFY TECHNOLOGY S.A</nameOfIssuer>
        <titleOfClass>SHS</titleOfClass>
        <cusip>L8681T102</cusip>
        <value>47743200</value>
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            <sshPrnamt>100512</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>100512</Sole>
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            <None>0</None>
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        <nameOfIssuer>STANTEC INC</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>85472N109</cusip>
        <value>965204</value>
        <shrsOrPrnAmt>
            <sshPrnamt>11401</sshPrnamt>
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        <votingAuthority>
            <Sole>11401</Sole>
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            <None>0</None>
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    <infoTable>
        <nameOfIssuer>STARBUCKS CORP.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>855244109</cusip>
        <value>32352717</value>
        <shrsOrPrnAmt>
            <sshPrnamt>373071</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
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            <Sole>373071</Sole>
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        <nameOfIssuer>STATE STREET CORP</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>857477103</cusip>
        <value>1749849</value>
        <shrsOrPrnAmt>
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        <nameOfIssuer>STERIS PLC</nameOfIssuer>
        <titleOfClass>SHS USD</titleOfClass>
        <cusip>G8473T100</cusip>
        <value>725928</value>
        <shrsOrPrnAmt>
            <sshPrnamt>3309</sshPrnamt>
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            <Sole>3309</Sole>
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            <None>0</None>
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        <nameOfIssuer>STRYKER CORP.</nameOfIssuer>
        <titleOfClass>COM</titleOfClass>
        <cusip>863667101</cusip>
        <value>2534449</value>
        <shrsOrPrnAmt>
            <sshPrnamt>7772</sshPrnamt>
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        <investmentDiscretion>SOLE</investmentDiscretion>
        <votingAuthority>
            <Sole>7772</Sole>
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        <titleOfClass>NEW COM</titleOfClass>
        <cusip>867224107</cusip>
        <value>18292817</value>
        <shrsOrPrnAmt>
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            <Sole>276968</Sole>
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</informationTable>
