NPORT-EX 2 GAB0800GA033123.htm

 

Global Atlantic BlackRock Disciplined Value Portfolio

Portfolio of Investments (Unaudited)

March 31, 2023

 

  Shares/
Principal		   Fair Value
Common Stocks - 98.5%      
Aerospace & Defense - 2.1%      
Boeing Co. (The) * 758   $161,022
General Dynamics Corp. 7,217    1,646,992
Lockheed Martin Corp. 3,121    1,475,390
Northrop Grumman Corp. 739    341,211
Textron, Inc. 16,010    1,130,786
       4,755,401
Automobile Components - 0.6%      
BorgWarner, Inc. 11,367    558,234
Lear Corp. 5,133    716,002
       1,274,236
Automobiles - 1.1%      
Ford Motor Co. 13,440    169,344
General Motors Co. 61,101    2,241,185
       2,410,529
Banks - 5.2%      
Bank of America Corp. 83,729    2,394,649
Citigroup, Inc. 37,642    1,765,033
First Republic Bank 4,611    64,508
JPMorgan Chase & Co. 24,664    3,213,966
KeyCorp 8,032    100,561
Pinnacle Financial Partners, Inc. 1,153    63,599
PNC Financial Services Group, Inc. (The) 2,959    376,089
Synovus Financial Corp. 1,082    33,358
Truist Financial Corp. 5,607    191,199
US Bancorp 33,318    1,201,114
Wells Fargo & Co. 57,706    2,157,050
       11,561,126
Beverages - 1.3%      
Coca-Cola Co. (The) 6,921    429,310
Keurig Dr Pepper, Inc. 3,330    117,482
PepsiCo, Inc. 13,288    2,422,402
       2,969,194
Biotechnology - 2.0%      
Amgen, Inc. 2,970    717,997
Biogen, Inc. * 1,653    459,584
BioMarin Pharmaceutical, Inc. * 1,237    120,286
Exelixis, Inc. * 20,661    401,030
Gilead Sciences, Inc. 14,636    1,214,349
Horizon Therapeutics PLC * 186    20,300
Incyte Corp. * 4,485    324,131
Neurocrine Biosciences, Inc. * 3,592    363,582
Regeneron Pharmaceuticals, Inc. * 844    693,489
Ultragenyx Pharmaceutical, Inc. * 5,476    219,588
United Therapeutics Corp. * 126    28,219
       4,562,555
Broadline Retail - 0.7%      
Amazon.com, Inc. * 2,751    284,151
eBay, Inc. 30,542    1,355,148
       1,639,299

  Shares/
Principal		   Fair Value
       
Building Products - 0.8%      
Allegion PLC 8,924   $952,458
Johnson Controls International PLC 3,052    183,791
Owens Corning 3,827    366,627
Trane Technologies PLC 2,013    370,352
       1,873,228
Capital Markets - 4.3%      
Bank of New York Mellon Corp. (The) 49,649    2,256,051
Cboe Global Markets, Inc. 7,801    1,047,206
Charles Schwab Corp. (The) 6,596    345,498
CME Group, Inc. 2,798    535,873
Goldman Sachs Group, Inc. (The) 2,256    737,960
Interactive Brokers Group, Inc., Class A 365    30,134
Intercontinental Exchange, Inc. 10,774    1,123,620
Invesco Ltd. 38,347    628,891
LPL Financial Holdings, Inc. 1,589    321,614
S&P Global, Inc. 6,763    2,331,680
Stifel Financial Corp. 2,354    139,098
Tradeweb Markets, Inc., Class A 2,536    200,395
       9,698,020
Chemicals - 2.2%      
Corteva, Inc. 14,547    877,329
DuPont de Nemours, Inc. 1,274    91,435
Ecolab, Inc. 12,356    2,045,289
FMC Corp. 14,061    1,717,270
Huntsman Corp. 6,208    169,851
       4,901,174
Commercial Services & Supplies - 0.5%      
Cintas Corp. 2,483    1,148,834
Communications Equipment - 1.1%      
Cisco Systems, Inc. 11,054    577,848
Juniper Networks, Inc. 55,722    1,917,951
       2,495,799
Construction & Engineering - 0.9%      
AECOM 23,340    1,968,029
Construction Materials - 0.2%      
Vulcan Materials Co. 2,907    498,725
Consumer Finance - 1.8%      
American Express Co. 18,363    3,028,977
Synchrony Financial 33,514    974,587
       4,003,564
Consumer Staples Distribution & Retail - 2.0%      
Walmart, Inc. 30,545    4,503,860
Distributors - 0.2%      
Genuine Parts Co. 2,860    478,507
LKQ Corp. 1,136    64,479
       542,986

 

 

 

 

 

Global Atlantic BlackRock Disciplined Value Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2023

 

  Shares/
Principal		   Fair Value
       
Diversified Telecommunication Services - 1.4%      
AT&T, Inc. 81,828   $1,575,189
Verizon Communications, Inc. 38,968    1,515,466
       3,090,655
Electric Utilities - 2.3%      
Entergy Corp. 3,711    399,823
Evergy, Inc. 28,650    1,751,088
NRG Energy, Inc. 11,886    407,571
PPL Corp. 54,336    1,509,997
Xcel Energy, Inc. 15,817    1,066,699
       5,135,178
Electrical Equipment - 1.1%      
AMETEK, Inc. 5,861    851,779
Eaton Corp. PLC 9,630    1,650,004
Emerson Electric Co. 444    38,690
       2,540,473
Electronic Equipment, Instruments & Components - 1.0%      
Flex Ltd. * 72,345    1,664,658
TD SYNNEX Corp. 6,669    645,493
       2,310,151
Energy Equipment & Services - 0.4%      
Halliburton Co. 17,568    555,851
Patterson-UTI Energy, Inc. 13,894    162,560
Schlumberger NV 2,110    103,601
       822,012
Entertainment - 0.4%      
Activision Blizzard, Inc. 5,777    494,454
Netflix, Inc. * 484    167,212
Walt Disney Co. (The) * 128    12,817
Warner Bros Discovery, Inc. * 7,504    113,310
       787,793
Financial Services - 3.1%      
Berkshire Hathaway, Inc., Class B * 15,265    4,713,374
Block, Inc. * 1,330    91,304
Fidelity National Information Services, Inc. 7,985    433,825
PayPal Holdings, Inc. * 22,522    1,710,321
StoneCo Ltd., Class A * 9,190    87,673
       7,036,497
Food Products - 2.0%      
Archer-Daniels-Midland Co. 30,999    2,469,381
Kellogg Co. 7,221    483,518
Tyson Foods, Inc., Class A 26,125    1,549,735
       4,502,634
Gas Utilities - 0.0%†      
New Jersey Resources Corp. 952    50,646
Spire, Inc. 549    38,507
       89,153

  Shares/
Principal		   Fair Value
       
Ground Transportation - 0.3%      
Lyft, Inc., Class A * 5,032   $46,647
Norfolk Southern Corp. 914    193,768
Ryder System, Inc. 1,077    96,111
Schneider National, Inc., Class B 14,974    400,555
       737,081
Health Care Equipment & Supplies - 2.8%      
Becton Dickinson and Co. 10,604    2,624,914
Boston Scientific Corp. * 45,798    2,291,274
Enovis Corp. * 6,806    364,053
IDEXX Laboratories, Inc. * 443    221,536
Medtronic PLC 8,761    706,312
ResMed, Inc. 670    146,723
       6,354,812
Health Care Providers & Services - 3.9%      
Cardinal Health, Inc. 570    43,035
Cigna Corp. (The) 8,974    2,293,126
CVS Health Corp. 41,488    3,082,973
Elevance Health, Inc. 6,148    2,826,912
UnitedHealth Group, Inc. 837    395,558
       8,641,604
Health Care Technology - 0.4%      
Teladoc Health, Inc. * 36,439    943,770
Hotel & Resort REITs - 0.1%      
Park Hotels & Resorts, Inc. 21,047    260,141
Hotels, Restaurants & Leisure - 1.9%      
Caesars Entertainment, Inc. * 6,019    293,787
Darden Restaurants, Inc. 6,087    944,459
McDonald's Corp. 2,763    772,562
MGM Resorts International 6,740    299,391
Starbucks Corp. 5,314    553,347
Travel + Leisure Co. 27,065    1,060,948
Yum! Brands, Inc. 2,449    323,464
       4,247,958
Household Durables - 0.4%      
TopBuild Corp. * 767    159,643
Whirlpool Corp. 4,632    611,517
       771,160
Household Products - 1.9%      
Colgate-Palmolive Co. 24,570    1,846,436
Procter & Gamble Co. (The) 16,706    2,484,015
       4,330,451
Independent Power and Renewable Electricity Producers - 0.1%      
Brookfield Renewable Corp., Class A 6,046    211,308
Clearway Energy, Inc., Class C 2,035    63,756
       275,064
Industrial Conglomerates - 0.9%      
Honeywell International, Inc. 9,980    1,907,378

 

 

 

 

 

Global Atlantic BlackRock Disciplined Value Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2023

 

  Shares/
Principal		   Fair Value
       
Industrial REITs - 1.4%      
Prologis, Inc. 25,266   $3,152,439
Insurance - 4.4%      
Allstate Corp. (The) 12,771    1,415,154
American Financial Group, Inc./OH 805    97,807
Arthur J Gallagher & Co. 790    151,135
Chubb Ltd. 436    84,662
Everest Re Group Ltd. 656    234,861
Hartford Financial Services Group, Inc. (The) 14,108    983,187
Marsh & McLennan Cos., Inc. 11,191    1,863,861
MetLife, Inc. 42,236    2,447,154
Prudential Financial, Inc. 3,094    255,998
Travelers Cos., Inc. (The) 9,372    1,606,455
Unum Group 8,946    353,904
W R Berkley Corp. 3,878    241,444
       9,735,622
Interactive Media & Services - 4.1%      
Alphabet, Inc., Class A * 23,709    2,459,335
Alphabet, Inc., Class C * 8,269    859,976
Bumble, Inc., Class A * 2,477    48,425
IAC, Inc. * 2,288    118,061
Match Group, Inc. * 3,186    122,310
Meta Platforms, Inc., Class A * 21,199    4,492,916
Pinterest, Inc., Class A * 21,584    588,596
Snap, Inc., Class A * 35,281    395,500
       9,085,119
IT Services - 0.0%†      
Twilio, Inc., Class A * 406    27,052
Life Sciences Tools & Services - 3.4%      
Agilent Technologies, Inc. 10,645    1,472,629
Danaher Corp. 12,922    3,256,861
Thermo Fisher Scientific, Inc. 4,849    2,794,818
       7,524,308
Machinery - 4.1%      
Allison Transmission Holdings, Inc. 1,455    65,824
Cummins, Inc. 3,829    914,672
Deere & Co. 4,607    1,902,138
Graco, Inc. 2,391    174,567
Illinois Tool Works, Inc. 3,995    972,583
Oshkosh Corp. 1,053    87,589
Snap-on, Inc. 7,001    1,728,477
Timken Co. (The) 19,481    1,591,987
Xylem, Inc. 17,165    1,797,175
       9,235,012
Media - 2.0%      
Altice USA, Inc., Class A * 18,908    64,666
Comcast Corp., Class A 62,109    2,354,552
Fox Corp., Class A 59,565    2,028,188
Fox Corp., Class B 1,865    58,393

  Shares/
Principal		   Fair Value
       
Media (continued)      
Liberty Media Corp.-Liberty SiriusXM, Class A * 646   $18,146
       4,523,945
Metals & Mining - 1.3%      
Commercial Metals Co. 3,756    183,669
Newmont Corp. 19,996    980,204
Reliance Steel & Aluminum Co. 2,537    651,349
Steel Dynamics, Inc. 5,217    589,834
United States Steel Corp. 18,699    488,044
       2,893,100
Multi-Utilities - 2.1%      
CMS Energy Corp. 29,450    1,807,641
DTE Energy Co. 20,013    2,192,224
NiSource, Inc. 28,473    796,105
       4,795,970
Office REITs - 0.1%      
Alexandria Real Estate Equities, Inc. 1,342    168,542
Kilroy Realty Corp. 4,731    153,284
       321,826
Oil, Gas & Consumable Fuels - 6.5%      
Chevron Corp. 35,418    5,778,801
ConocoPhillips 9,742    966,504
EOG Resources, Inc. 4,864    557,560
Exxon Mobil Corp. 50,873    5,578,733
Marathon Oil Corp. 11,080    265,477
Ovintiv, Inc. 637    22,983
Phillips 66 962    97,527
Valero Energy Corp. 4,600    642,160
Williams Cos., Inc. (The) 19,952    595,767
       14,505,512
Passenger Airlines - 0.4%      
JetBlue Airways Corp. * 17,961    130,756
Southwest Airlines Co. 25,223    820,757
       951,513
Pharmaceuticals - 4.6%      
Bristol-Myers Squibb Co. 53,997    3,742,532
Eli Lilly and Co. 192    65,937
Johnson & Johnson 22,833    3,539,115
Merck & Co., Inc. 2,906    309,169
Pfizer, Inc. 62,398    2,545,838
       10,202,591
Professional Services - 0.2%      
KBR, Inc. 3,957    217,833
ManpowerGroup, Inc. 1,799    148,471
       366,304
Real Estate Management & Development - 0.0%†      
Zillow Group, Inc., Class A * 685    29,935

 

 

 

 

 

Global Atlantic BlackRock Disciplined Value Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2023

 

  Shares/
Principal		   Fair Value
       
Residential REITs - 1.0%      
Equity Residential 36,128   $2,167,680
Retail REITs - 1.8%      
Brixmor Property Group, Inc. 28,980    623,650
Kimco Realty Corp. 56,703    1,107,410
Regency Centers Corp. 7,631    466,864
Simon Property Group, Inc. 15,326    1,716,052
       3,913,976
Semiconductors & Semiconductor Equipment - 2.5%      
Analog Devices, Inc. 14,577    2,874,876
Intel Corp. 78,529    2,565,542
MaxLinear, Inc. * 2,010    70,772
NVIDIA Corp. 649    180,273
       5,691,463
Software - 3.1%      
Adobe, Inc. * 2,798    1,078,265
Guidewire Software, Inc. * 1,623    133,167
Intuit, Inc. 774    345,072
Manhattan Associates, Inc. * 8,252    1,277,822
Rapid7, Inc. * 3,435    157,701
RingCentral, Inc., Class A * 12,507    383,590
Salesforce, Inc. * 13,593    2,715,610
ServiceNow, Inc. * 88    40,895
Splunk, Inc. * 1,033    99,044
Teradata Corp. * 4,673    188,229
VMware, Inc., Class A * 1,300    162,305
Workday, Inc., Class A * 1,413    291,841
       6,873,541
Specialized REITs - 0.6%      
Lamar Advertising Co., Class A 2,734    273,099
SBA Communications Corp. 3,671    958,388
       1,231,487
Specialty Retail - 1.6%      
AutoNation, Inc. * 378    50,788
Best Buy Co., Inc. 4,607    360,590
Dick's Sporting Goods, Inc. 780    110,674
Home Depot, Inc. (The) 3,197    943,499
Lowe's Cos., Inc. 4,160    831,875
Penske Automotive Group, Inc. 2,309    327,439
TJX Cos., Inc. (The) 11,493    900,592
       3,525,457
Technology Hardware, Storage & Peripherals - 1.1%      
Dell Technologies, Inc., Class C 7,180    288,708
Hewlett Packard Enterprise Co. 126,014    2,007,403
HP, Inc. 4,700    137,945
       2,434,056
Textiles, Apparel & Luxury Goods - 0.4%      
Lululemon Athletica, Inc. * 2,333    849,655

  Shares/
Principal		   Fair Value
       
Textiles, Apparel & Luxury Goods (continued)      
Under Armour, Inc., Class C * 2,350   $20,046
       869,701
Trading Companies & Distributors - 0.3%      
Herc Holdings, Inc. 6,551    746,159
Wireless Telecommunication Services - 0.1%      
United States Cellular Corp. * 5,526    114,554
Total Common Stocks      
(Cost - $204,397,359)      220,508,846
Short-Term Investments - 1.4%      
Money Market Funds - 1.4%      
Fidelity Investments Money Market Fund - Government Portfolio, Institutional Class, 4.72%(a) (Cost - $3,097,096) 3,097,096    3,097,096
Total Investments - 99.9%      
(Cost - $207,494,455)     $223,605,942
Other Assets Less Liabilities - Net 0.1%     205,365
Total Net Assets - 100.0%     $223,811,307
 

 

 

 

 

 

Global Atlantic BlackRock Disciplined Value Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2023

 

 

 

 

* Non-income producing security.
† Represents less than 0.05%.
(a) The rate shown is the annualized seven-day yield at period end.

PLC - Public Limited Company

 

 

 

 

Global Atlantic BlackRock Disciplined Value Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2023

 

 

 

Futures Contracts          
    Counterparty   Number of
Contracts		   Expiration Date   Notional Value   Fair
Value/Unrealized
Appreciation
(Depreciation)
Long Futures Contracts                    
S&P 500 E-Mini Future   Goldman Sachs & Co.   17   6/16/2023   $3,517,088   $177,221