| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABB LTD | 2,073,077 | 2,073,077 |
| ACCENTURE PLC | 1,527,386 | 1,527,386 |
| ACUITY BRANDS INC | 2,426,820 | 2,426,820 |
| ADIDAS AG | 1,657,871 | 1,657,871 |
| AERCAP HOLDINGS NV | 1,718,732 | 1,718,732 |
| AIA GROUP LTD | 1,227,503 | 1,227,503 |
| AKO EURO 1019 CON | 82,438,217 | 82,438,217 |
| AKZO NOBEL NV | 828,783 | 828,783 |
| ALIBABA GROUP HOLDING LTD | 3,254,256 | 3,254,256 |
| ALPHABET INC-CL C | 11,164,396 | 11,164,396 |
| ALPHABET INC-CL C | 4,941,957 | 4,941,957 |
| ALSTOM SA | 1,009,270 | 1,009,270 |
| AMAZON.COM INC | 6,005,609 | 6,005,609 |
| AMAZON.COM INC | 4,474,040 | 4,474,040 |
| ANALOG DEVICES INC | 4,071,625 | 4,071,625 |
| ANTHEM INC | 3,038,871 | 3,038,871 |
| AON PLC | 5,790,028 | 5,790,028 |
| AON PLC | 588,851 | 588,851 |
| AON PLC | 2,301,100 | 2,301,100 |
| APPLIED MATERIALS INC | 2,830,583 | 2,830,583 |
| ASHTEAD GROUP PLC | 2,376,164 | 2,376,164 |
| BANKINTER SA | 1,185,417 | 1,185,417 |
| BAXTER INTERNATIONAL INC | 8,457,700 | 8,457,700 |
| BECTON DICKINSON AND CO | 4,449,402 | 4,449,402 |
| BERKSHIRE HATHAWAY INC | 4,456,163 | 4,456,163 |
| BLS GLOBAL EQTS LLC | 63,711,080 | 63,711,080 |
| BLUE PRISM GROUP PLC | 376,307 | 376,307 |
| CAE INC | 2,540,734 | 2,540,734 |
| CANTILLION GLOBAL EQUITY FUND | 127,635,266 | 127,635,266 |
| CAPITAL ONE FINANCIAL CORP | 1,967,103 | 1,967,103 |
| CARLSBERG AS | 1,711,416 | 1,711,416 |
| CBRE GROUP INC | 3,684,390 | 3,684,390 |
| CEVIAN CAPITAL II LTD USD A | 80,086,673 | 80,086,673 |
| CHARLES SCHWAB CORP/THE | 5,509,600 | 5,509,600 |
| CISCO SYSTEMS INC/DELAWARE | 5,739,500 | 5,739,500 |
| CITIGROUP INC | 5,689,705 | 5,689,705 |
| COCA-COLA EUROPACIFIC PARTNERS | 2,200,788 | 2,200,788 |
| COGECO COMMUNICATIONS INC | 767,796 | 767,796 |
| COGNIZANT TECHNOLOGY SOLUTIONS | 4,335,504 | 4,335,504 |
| COMCAST CORP | 7,904,497 | 7,904,497 |
| COMPASS GROUP PLC | 909,431 | 909,431 |
| COOPER COS INC/THE | 3,966,113 | 3,966,113 |
| CRH PLC | 1,536,703 | 1,536,703 |
| CSL LTD | 603,704 | 603,704 |
| DAIKIN INDUSTRIES LTD | 807,964 | 807,964 |
| DECHRA PHARMACEUTICALS PLC | 700,722 | 700,722 |
| DENTSPLY SIRONA INC | 4,358,287 | 4,358,287 |
| DIGITAL GARAGE INC | 900,144 | 900,144 |
| DISH NETWORK CORP | 2,676,773 | 2,676,773 |
| DR. MARTENS PLC | 205,999 | 205,999 |
| ECHO STREET GOOD CO SELECT II | 24,764,438 | 24,764,438 |
| EDP - ENERGIAS DE PORTUGAL SA | 820,797 | 820,797 |
| EMINENCE LONG | 120,782,559 | 120,782,559 |
| ENEL SPA | 1,937,272 | 1,937,272 |
| ENGIE SA | 1,980,968 | 1,980,968 |
| EQUIFAX INC | 5,959,902 | 5,959,902 |
| ESR CAYMAN LTD | 1,080,269 | 1,080,269 |
| EURAZEO SE | 729,818 | 729,818 |
| FACEBOOK INC | 7,991,188 | 7,991,188 |
| FANUC CORP | 1,113,751 | 1,113,751 |
| FERNBRIDGE OFFSHORE | 59,236,961 | 59,236,961 |
| GAOLING FUND LP CL A | 140,593,772 | 140,593,772 |
| GAOLING FUND LP CL A (SS11) | 14,650 | 14,650 |
| GAOLING FUND LP CL A (SS12) | 55,941 | 55,941 |
| GAOLING FUND LP CL A (SS15) | 1,506,873 | 1,506,873 |
| GAOLING FUND LP CL A (SS16) | 2,085,760 | 2,085,760 |
| GAOLING FUND LP CL A (SS20) | 2,323,303 | 2,323,303 |
| GAOLING FUND LP CL A (SS21)SUB | 499,505 | 499,505 |
| GAOLING FUND LP CL A (SS23)SUB | 936,900 | 936,900 |
| GARTNER INC | 4,298,687 | 4,298,687 |
| GENERAL ELECTRIC CO | 6,091,703 | 6,091,703 |
| GENERAL MOTORS CO | 3,310,098 | 3,310,098 |
| GENESIS EMERGING MKTS LP | 67,806,839 | 67,806,839 |
| GENMAB A/S | 913,894 | 913,894 |
| GOLDMAN SACHS GROUP INC/THE | 6,339,549 | 6,339,549 |
| GUIDEWIRE SOFTWARE INC | 702,467 | 702,467 |
| HENRY SCHEIN INC | 4,359,004 | 4,359,004 |
| HENSOLDT AG | 700,830 | 700,830 |
| HEXAGON AB | 873,135 | 873,135 |
| HILLHOUSE GAOLING FUND LP CL A | 106,119 | 106,119 |
| HILTON WORLDWIDE HOLDINGS INC | 3,649,487 | 3,649,487 |
| ILLUMINA INC | 2,476,803 | 2,476,803 |
| INDUSTRIA DE DISENO TEXTIL SA | 1,770,784 | 1,770,784 |
| INFINEON TECHNOLOGIES AG | 1,044,647 | 1,044,647 |
| INFORMA PLC | 2,536,981 | 2,536,981 |
| INFORMA PLC | 1,719,357 | 1,719,357 |
| INTERCONTINENTAL HOTELS GROUP | 635,607 | 635,607 |
| ISRAEL DISCOUNT BANK LTD | 1,135,829 | 1,135,829 |
| ITV PLC | 688,593 | 688,593 |
| JONES LANG LASALLE INC | 4,027,147 | 4,027,147 |
| JULIUS BAER GROUP LTD | 1,536,640 | 1,536,640 |
| KINGSPAN GROUP PLC | 853,991 | 853,991 |
| KNORR-BREMSE AG | 743,323 | 743,323 |
| LEGRAND SA | 2,917,470 | 2,917,470 |
| LIBERTY BROADBAND CORP | 6,584,828 | 6,584,828 |
| LINDE PLC | 948,472 | 948,472 |
| LONE CASCADE | 104,728,247 | 104,728,247 |
| LYONDELLBASELL INDUSTRIES NV | 1,304,579 | 1,304,579 |
| MAKITA CORP | 1,683,294 | 1,683,294 |
| MARRIOTT INTERNATIONAL INC/MD | 6,314,226 | 6,314,226 |
| MEDTRONIC PLC | 2,074,363 | 2,074,363 |
| MERCADOLIBRE INC | 532,915 | 532,915 |
| MICROSOFT CORP | 9,567,548 | 9,567,548 |
| MICROSOFT CORP | 1,181,208 | 1,181,208 |
| MORGAN STANLEY | 3,386,131 | 3,386,131 |
| NATIONAL BANK OF CANADA | 1,874,017 | 1,874,017 |
| NETFLIX INC | 2,959,377 | 2,959,377 |
| NEXON CO LTD | 1,410,009 | 1,410,009 |
| NINTENDO CO LTD | 1,678,100 | 1,678,100 |
| NORDNET AB PUBL | 761,545 | 761,545 |
| NUTANIX INC | 2,387,133 | 2,387,133 |
| OCADO GROUP PLC | 1,749,303 | 1,749,303 |
| PALO ALTO NETWORKS INC | 3,438,957 | 3,438,957 |
| PENUMBRA INC | 597,982 | 597,982 |
| PERNOD RICARD SA | 1,548,307 | 1,548,307 |
| POLUNIN DEVELOPING | 58,431,903 | 58,431,903 |
| PRUDENTIAL PLC | 1,925,723 | 1,925,723 |
| RELX PLC | 2,905,149 | 2,905,149 |
| RIO TINTO PLC | 2,471,711 | 2,471,711 |
| RYANAIR HOLDINGS PLC | 1,155,750 | 1,155,750 |
| SALESFORCE.COM INC | 664,424 | 664,424 |
| SAMPO OYJ | 1,433,729 | 1,433,729 |
| SANDS CHINA LTD | 971,444 | 971,444 |
| SANOFI | 2,466,762 | 2,466,762 |
| SCHINDLER HOLDING AG | 1,081,978 | 1,081,978 |
| SENSATA TECHNOLOGIES HOLDING P | 3,200,231 | 3,200,231 |
| SIEMENS GAMESA RENEWABLE ENERG | 1,669,961 | 1,669,961 |
| SIEMENS HEALTHINEERS AG | 3,715,508 | 3,715,508 |
| SOCIETE FRIGORIFIQUE ET BRASSE | 13 | 13 |
| SPO PARTNERS II LP | 6,072 | 6,072 |
| STEADVIEW 0618-02 | 24,227,391 | 24,227,391 |
| STEADVIEW CAPITAL | 25,211,421 | 25,211,421 |
| STERIS PLC | 2,873,010 | 2,873,010 |
| SUNCOR ENERGY INC | 1,356,944 | 1,356,944 |
| SUZUKI MOTOR CORP | 1,218,733 | 1,218,733 |
| TAIWAN SEMICONDUCTOR MANUFACTU | 1,542,950 | 1,542,950 |
| TE CONNECTIVITY LTD | 3,796,092 | 3,796,092 |
| TECHNOGYM SPA | 688,526 | 688,526 |
| TESCO PLC | 1,297,352 | 1,297,352 |
| TEXAS INSTRUMENTS INC | 1,373,957 | 1,373,957 |
| THERMO FISHER SCIENTIFIC INC | 2,218,920 | 2,218,920 |
| TOROMONT INDUSTRIES LTD | 1,551,316 | 1,551,316 |
| TRANE TECHNOLOGIES PLC | 1,663,381 | 1,663,381 |
| TRIMBLE INC | 2,072,014 | 2,072,014 |
| TWILIO INC | 302,936 | 302,936 |
| UNILEVER PLC | 3,183,290 | 3,183,290 |
| UNITEDHEALTH GROUP INC | 4,612,180 | 4,612,180 |
| VALUEACT CAPITAL INTERNATIONAL | 1,420,819 | 1,420,819 |
| VESTAS WIND SYSTEMS A/S | 988,647 | 988,647 |
| VIKING LONG FUND III LTD CLASS | 199,862,493 | 199,862,493 |
| VIVENDI SE | 2,024,294 | 2,024,294 |
| VOLKSWAGEN AG | 3,476,729 | 3,476,729 |
| VONOVIA SE | 970,572 | 970,572 |
| WALT DISNEY CO/THE | 3,103,257 | 3,103,257 |
| WATERS CORP | 431,654 | 431,654 |
| WELLS FARGO & CO | 6,402,596 | 6,402,596 |
| WILLIS TOWERS WATSON PLC | 1,826,920 | 1,826,920 |
| WOODWARD INC | 931,867 | 931,867 |
| YAMAHA CORP | 712,498 | 712,498 |