Global Atlantic BlackRock Disciplined Mid Cap Growth Portfolio
Portfolio of Investments (Unaudited)
March 31, 2023
Shares/ Principal | Fair Value | ||
Common Stocks - 98.4% | |||
Aerospace & Defense - 1.0% | |||
Axon Enterprise, Inc. * | 6,319 | $1,420,827 | |
HEICO Corp., Class A | 6,943 | 943,554 | |
Textron, Inc. | 1,999 | 141,189 | |
2,505,570 | |||
Air Freight & Logistics - 0.1% | |||
GXO Logistics, Inc. * | 3,588 | 181,050 | |
Automobile Components - 0.6% | |||
Aptiv PLC * | 7,978 | 895,052 | |
Lear Corp. | 3,652 | 509,417 | |
1,404,469 | |||
Automobiles - 0.1% | |||
General Motors Co. | 4,538 | 166,454 | |
Banks - 0.0%† | |||
Mid Penn Bancorp., Inc. | 1 | 26 | |
Beverages - 0.6% | |||
PepsiCo, Inc. | 7,492 | 1,365,792 | |
Biotechnology - 4.6% | |||
Alnylam Pharmaceuticals, Inc. * | 2,829 | 566,705 | |
Exelixis, Inc. * | 66,687 | 1,294,395 | |
Horizon Therapeutics PLC * | 14,107 | 1,539,638 | |
Incyte Corp. * | 32,912 | 2,378,550 | |
Ionis Pharmaceuticals, Inc. * | 2,564 | 91,637 | |
Natera, Inc. * | 770 | 42,750 | |
Neurocrine Biosciences, Inc. * | 20,216 | 2,046,264 | |
Sarepta Therapeutics, Inc. * | 5,580 | 769,091 | |
Seagen, Inc. * | 7,641 | 1,547,073 | |
Ultragenyx Pharmaceutical, Inc. * | 26,417 | 1,059,322 | |
Verve Therapeutics, Inc. * | 568 | 8,191 | |
11,343,616 | |||
Broadline Retail - 1.6% | |||
Coupang, Inc. * | 3,367 | 53,872 | |
eBay, Inc. | 49,698 | 2,205,100 | |
Etsy, Inc. * | 15,220 | 1,694,443 | |
3,953,415 | |||
Building Products - 2.6% | |||
Allegion PLC | 28,251 | 3,015,229 | |
Carlisle Cos., Inc. | 3,078 | 695,844 | |
Trane Technologies PLC | 14,203 | 2,613,068 | |
6,324,141 | |||
Capital Markets - 2.7% | |||
Ameriprise Financial, Inc. | 590 | 180,835 | |
Ares Management Corp., Class A | 5,114 | 426,712 | |
Bank of New York Mellon Corp. (The) | 836 | 37,988 | |
Blue Owl Capital, Inc. | 10,039 | 111,232 | |
Cboe Global Markets, Inc. | 3,225 | 432,924 | |
FactSet Research Systems, Inc. | 1,386 | 575,315 | |
LPL Financial Holdings, Inc. | 8,735 | 1,767,964 | |
Morningstar, Inc. | 319 | 64,767 | |
MSCI, Inc. | 3,319 | 1,857,611 |
Shares/ Principal | Fair Value | ||
Capital Markets (continued) | |||
S&P Global, Inc. | 1,282 | $441,995 | |
Tradeweb Markets, Inc., Class A | 10,900 | 861,318 | |
6,758,661 | |||
Chemicals - 2.3% | |||
Albemarle Corp. | 4,404 | 973,460 | |
CF Industries Holdings, Inc. | 7,347 | 532,584 | |
Ecolab, Inc. | 8,796 | 1,456,002 | |
FMC Corp. | 20,037 | 2,447,119 | |
Ginkgo Bioworks Holdings, Inc. * | 18,390 | 24,458 | |
PPG Industries, Inc. | 2,074 | 277,045 | |
5,710,668 | |||
Commercial Services & Supplies - 2.7% | |||
Cintas Corp. | 11,137 | 5,152,867 | |
Rollins, Inc. | 14,618 | 548,613 | |
Tetra Tech, Inc. | 7,182 | 1,055,108 | |
6,756,588 | |||
Communications Equipment - 0.5% | |||
Arista Networks, Inc. * | 3,521 | 591,035 | |
Juniper Networks, Inc. | 21,452 | 738,378 | |
1,329,413 | |||
Construction & Engineering - 1.3% | |||
AECOM | 31,692 | 2,672,270 | |
Valmont Industries, Inc. | 1,530 | 488,498 | |
3,160,768 | |||
Construction Materials - 0.8% | |||
Vulcan Materials Co. | 11,590 | 1,988,380 | |
Consumer Finance - 1.0% | |||
American Express Co. | 13,122 | 2,164,474 | |
Synchrony Financial | 7,190 | 209,085 | |
Upstart Holdings, Inc. * | 8,679 | 137,909 | |
2,511,468 | |||
Consumer Staples Distribution & Retail - 0.1% | |||
Walmart, Inc. | 859 | 126,660 | |
Containers & Packaging - 0.1% | |||
Crown Holdings, Inc. | 3,384 | 279,891 | |
Distributors - 0.5% | |||
Genuine Parts Co. | 5,329 | 891,595 | |
Pool Corp. | 600 | 205,464 | |
1,097,059 | |||
Electrical Equipment - 0.1% | |||
Vertiv Holdings Co. | 9,430 | 134,943 | |
Electronic Equipment, Instruments & Components - 1.7% | |||
Flex Ltd. * | 80,783 | 1,858,817 | |
Jabil, Inc. | 13,658 | 1,204,089 | |
Keysight Technologies, Inc. * | 6,917 | 1,116,957 | |
4,179,863 |
Global Atlantic BlackRock Disciplined Mid Cap Growth Portfolio
Portfolio of Investments (Unaudited) (Continued)
March 31, 2023
Shares/ Principal | Fair Value | ||
Energy Equipment & Services - 0.6% | |||
Halliburton Co. | 46,819 | $1,481,353 | |
Parker Drilling Co. * | 2 | 22 | |
1,481,375 | |||
Entertainment - 1.9% | |||
ROBLOX Corp., Class A * | 35,791 | 1,609,879 | |
Roku, Inc. * | 8,106 | 533,537 | |
Spotify Technology SA * | 11,335 | 1,514,583 | |
Warner Bros Discovery, Inc. * | 70,548 | 1,065,275 | |
4,723,274 | |||
Financial Services - 1.1% | |||
Apollo Global Management, Inc. | 13,930 | 879,819 | |
PayPal Holdings, Inc. * | 11,984 | 910,065 | |
StoneCo Ltd., Class A * | 8,289 | 79,077 | |
Toast, Inc., Class A * | 23,968 | 425,432 | |
WEX, Inc. * | 2,156 | 396,467 | |
2,690,860 | |||
Food Products - 1.9% | |||
Archer-Daniels-Midland Co. | 24,773 | 1,973,417 | |
Hershey Co. (The) | 8,180 | 2,081,074 | |
Kellogg Co. | 10,578 | 708,303 | |
4,762,794 | |||
Ground Transportation - 0.6% | |||
JB Hunt Transport Services, Inc. | 2,406 | 422,157 | |
Landstar System, Inc. | 2,422 | 434,168 | |
Lyft, Inc., Class A * | 48,653 | 451,013 | |
RXO, Inc. * | 1,977 | 38,828 | |
1,346,166 | |||
Health Care Equipment & Supplies - 5.2% | |||
Align Technology, Inc. * | 2,703 | 903,180 | |
Dexcom, Inc. * | 27,387 | 3,181,822 | |
Globus Medical, Inc., Class A * | 691 | 39,138 | |
IDEXX Laboratories, Inc. * | 7,856 | 3,928,629 | |
Insulet Corp. * | 4,213 | 1,343,778 | |
ResMed, Inc. | 15,448 | 3,382,958 | |
12,779,505 | |||
Health Care Providers & Services - 1.5% | |||
AmerisourceBergen Corp. | 5,457 | 873,720 | |
Cigna Corp. (The) | 4,139 | 1,057,639 | |
CVS Health Corp. | 13,805 | 1,025,849 | |
Elevance Health, Inc. | 1,317 | 605,570 | |
Guardant Health, Inc. * | 9,955 | 233,345 | |
3,796,123 | |||
Health Care Technology - 1.4% | |||
Teladoc Health, Inc. * | 33,845 | 876,586 | |
Veeva Systems, Inc., Class A * | 13,318 | 2,447,715 | |
3,324,301 | |||
Hotels, Restaurants & Leisure - 5.2% | |||
Caesars Entertainment, Inc. * | 33,168 | 1,618,930 | |
Chipotle Mexican Grill, Inc. * | 904 | 1,544,294 | |
Darden Restaurants, Inc. | 20,619 | 3,199,244 |
Shares/ Principal | Fair Value | ||
Hotels, Restaurants & Leisure (continued) | |||
Domino's Pizza, Inc. | 397 | $130,959 | |
DraftKings, Inc., Class A * | 28,237 | 546,668 | |
Expedia Group, Inc. * | 12,669 | 1,229,273 | |
Hilton Worldwide Holdings, Inc. | 10,763 | 1,516,184 | |
Travel + Leisure Co. | 53,675 | 2,104,060 | |
Wyndham Hotels & Resorts, Inc. | 4,032 | 273,571 | |
Yum! Brands, Inc. | 5,034 | 664,891 | |
12,828,074 | |||
Household Durables - 1.1% | |||
NVR, Inc. * | 100 | 557,219 | |
PulteGroup, Inc. | 2,997 | 174,665 | |
Toll Brothers, Inc. | 10,639 | 638,659 | |
TopBuild Corp. * | 6,562 | 1,365,815 | |
2,736,358 | |||
Insurance - 0.8% | |||
Arthur J Gallagher & Co. | 2,458 | 470,240 | |
Everest Re Group Ltd. | 3,547 | 1,269,897 | |
MetLife, Inc. | 3,640 | 210,902 | |
1,951,039 | |||
Interactive Media & Services - 1.4% | |||
Alphabet, Inc., Class A * | 4,812 | 499,149 | |
Match Group, Inc. * | 37,129 | 1,425,382 | |
Pinterest, Inc., Class A * | 29,840 | 813,737 | |
Snap, Inc., Class A * | 40,811 | 457,491 | |
ZoomInfo Technologies, Inc. * | 14,453 | 357,134 | |
3,552,893 | |||
IT Services - 2.6% | |||
Cloudflare, Inc., Class A * | 14,587 | 899,434 | |
EPAM Systems, Inc. * | 1,715 | 512,785 | |
Gartner, Inc. * | 8,806 | 2,868,731 | |
Globant SA * | 2,493 | 408,877 | |
MongoDB, Inc. * | 1,716 | 400,034 | |
Okta, Inc. * | 724 | 62,438 | |
Twilio, Inc., Class A * | 6,318 | 420,968 | |
VeriSign, Inc. * | 327 | 69,105 | |
Wix.com Ltd. * | 8,642 | 862,471 | |
6,504,843 | |||
Leisure Products - 0.2% | |||
Brunswick Corp. | 5,683 | 466,006 | |
Life Sciences Tools & Services - 5.1% | |||
Adaptive Biotechnologies Corp. * | 10,006 | 88,353 | |
Agilent Technologies, Inc. | 37,504 | 5,188,303 | |
Avantor, Inc. * | 19,845 | 419,523 | |
Bruker Corp. | 8,570 | 675,659 | |
Charles River Laboratories International, Inc. * | 496 | 100,103 | |
Danaher Corp. | 2,100 | 529,284 | |
IQVIA Holdings, Inc. * | 11,391 | 2,265,556 | |
Mettler-Toledo International, Inc. * | 1,471 | 2,250,939 | |
Syneos Health, Inc. * | 5,286 | 188,287 |
Global Atlantic BlackRock Disciplined Mid Cap Growth Portfolio
Portfolio of Investments (Unaudited) (Continued)
March 31, 2023
Shares/ Principal | Fair Value | ||
Life Sciences Tools & Services (continued) | |||
Waters Corp. * | 2,821 | $873,466 | |
West Pharmaceutical Services, Inc. | 172 | 59,593 | |
12,639,066 | |||
Machinery - 2.9% | |||
AGCO Corp. | 870 | 117,624 | |
Allison Transmission Holdings, Inc. | 16,511 | 746,958 | |
Cummins, Inc. | 223 | 53,270 | |
Deere & Co. | 1,521 | 627,990 | |
Donaldson Co., Inc. | 6,615 | 432,224 | |
Graco, Inc. | 28,027 | 2,046,251 | |
Otis Worldwide Corp. | 3,767 | 317,935 | |
Timken Co. (The) | 3,728 | 304,652 | |
Xylem, Inc. | 24,504 | 2,565,569 | |
7,212,473 | |||
Media - 0.8% | |||
Fox Corp., Class A | 34,808 | 1,185,213 | |
Liberty Media Corp.-Liberty SiriusXM, Class A * | 668 | 18,764 | |
Trade Desk, Inc. (The), Class A * | 14,141 | 861,328 | |
2,065,305 | |||
Metals & Mining - 0.0%† | |||
Steel Dynamics, Inc. | 273 | 30,865 | |
United States Steel Corp. | 897 | 23,412 | |
54,277 | |||
Oil, Gas & Consumable Fuels - 2.5% | |||
Cheniere Energy, Inc. | 5,307 | 836,383 | |
Devon Energy Corp. | 2,963 | 149,958 | |
Diamondback Energy, Inc. | 4,820 | 651,519 | |
Hess Corp. | 9,687 | 1,281,978 | |
Ovintiv, Inc. | 37,109 | 1,338,893 | |
PDC Energy, Inc. | 1,569 | 100,698 | |
Targa Resources Corp. | 19,580 | 1,428,361 | |
Texas Pacific Land Corp. | 254 | 432,059 | |
6,219,849 | |||
Passenger Airlines - 0.4% | |||
Delta Air Lines, Inc. * | 27,318 | 953,945 | |
Professional Services - 2.3% | |||
Booz Allen Hamilton Holding Corp. | 10,701 | 991,876 | |
KBR, Inc. | 20,118 | 1,107,496 | |
Paychex, Inc. | 24,455 | 2,802,298 | |
TransUnion | 5,502 | 341,894 | |
Verisk Analytics, Inc. | 2,375 | 455,668 | |
5,699,232 | |||
Real Estate Management & Development - 0.2% | |||
CBRE Group, Inc., Class A * | 4,763 | 346,794 | |
Zillow Group, Inc., Class A * | 4,523 | 197,655 | |
544,449 |
Shares/ Principal | Fair Value | ||
Residential REITs - 0.1% | |||
Equity LifeStyle Properties, Inc. | 2,159 | $144,934 | |
Retail REITs - 1.1% | |||
Simon Property Group, Inc. | 24,323 | 2,723,446 | |
Semiconductors & Semiconductor Equipment - 4.8% | |||
Analog Devices, Inc. | 2,949 | 581,602 | |
Enphase Energy, Inc. * | 9,541 | 2,006,281 | |
Lattice Semiconductor Corp. * | 18,226 | 1,740,583 | |
MaxLinear, Inc. * | 4,973 | 175,099 | |
Microchip Technology, Inc. | 32,602 | 2,731,395 | |
Monolithic Power Systems, Inc. | 1,653 | 827,393 | |
NVIDIA Corp. | 4,148 | 1,152,190 | |
ON Semiconductor Corp. * | 5,609 | 461,733 | |
Teradyne, Inc. | 20,017 | 2,152,028 | |
11,828,304 | |||
Software - 15.0% | |||
Adobe, Inc. * | 514 | 198,080 | |
Alteryx, Inc., Class A * | 2,099 | 123,505 | |
ANSYS, Inc. * | 3,386 | 1,126,861 | |
AppLovin Corp., Class A * | 3,288 | 51,786 | |
Asana, Inc., Class A * | 3,419 | 72,244 | |
Cadence Design Systems, Inc. * | 21,366 | 4,488,783 | |
Ceridian HCM Holding, Inc. * | 7,944 | 581,660 | |
Confluent, Inc., Class A * | 7,362 | 177,203 | |
Crowdstrike Holdings, Inc., Class A * | 15,848 | 2,175,297 | |
Datadog, Inc., Class A * | 12,781 | 928,668 | |
DocuSign, Inc. * | 17,302 | 1,008,707 | |
Dropbox, Inc., Class A * | 3,381 | 73,097 | |
Dynatrace, Inc. * | 23,958 | 1,013,423 | |
Elastic NV * | 13,277 | 768,738 | |
Fair Isaac Corp. * | 47 | 33,026 | |
Five9, Inc. * | 6,886 | 497,789 | |
Fortinet, Inc. * | 50,805 | 3,376,500 | |
HubSpot, Inc. * | 3,957 | 1,696,564 | |
Jamf Holding Corp. * | 2,489 | 48,336 | |
Manhattan Associates, Inc. * | 17,091 | 2,646,541 | |
Nutanix, Inc., Class A * | 1,169 | 30,382 | |
Palantir Technologies, Inc., Class A * | 115,555 | 976,440 | |
Paycom Software, Inc. * | 5,992 | 1,821,628 | |
Paylocity Holding Corp. * | 5,931 | 1,178,964 | |
Rapid7, Inc. * | 4,368 | 200,535 | |
RingCentral, Inc., Class A * | 46,711 | 1,432,626 | |
Salesforce, Inc. * | 1,602 | 320,048 | |
SentinelOne, Inc., Class A * | 3,280 | 53,661 | |
ServiceNow, Inc. * | 410 | 190,535 | |
Smartsheet, Inc., Class A * | 5,895 | 281,781 | |
Splunk, Inc. * | 19,707 | 1,889,507 | |
Synopsys, Inc. * | 12,279 | 4,742,764 | |
Tenable Holdings, Inc. * | 3,015 | 143,243 | |
Teradata Corp. * | 30,855 | 1,242,839 |
Global Atlantic BlackRock Disciplined Mid Cap Growth Portfolio
Portfolio of Investments (Unaudited) (Continued)
March 31, 2023
Shares/ Principal | Fair Value | ||
Software (continued) | |||
Unity Software, Inc. * | 11,542 | $374,423 | |
Workday, Inc., Class A * | 704 | 145,404 | |
Zoom Video Communications, Inc., Class A * | 4,270 | 315,297 | |
Zscaler, Inc. * | 4,839 | 565,340 | |
36,992,225 | |||
Specialized REITs - 1.4% | |||
Lamar Advertising Co., Class A | 6,159 | 615,223 | |
SBA Communications Corp. | 11,146 | 2,909,886 | |
3,525,109 | |||
Specialty Retail - 4.1% | |||
Advance Auto Parts, Inc. | 813 | 98,869 | |
AutoZone, Inc. * | 1,207 | 2,966,987 | |
Best Buy Co., Inc. | 15,551 | 1,217,177 | |
Carvana Co. * | 7,174 | 70,234 | |
Five Below, Inc. * | 4,072 | 838,710 | |
O'Reilly Automotive, Inc. * | 492 | 417,698 | |
Penske Automotive Group, Inc. | 1,382 | 195,981 | |
Ross Stores, Inc. | 13,188 | 1,399,642 | |
TJX Cos., Inc. (The) | 3,323 | 260,390 | |
Tractor Supply Co. | 2,007 | 471,725 | |
Ulta Beauty, Inc. * | 3,679 | 2,007,520 | |
Wayfair, Inc., Class A * | 5,873 | 201,679 | |
Williams-Sonoma, Inc. | 438 | 53,287 | |
10,199,899 | |||
Technology Hardware, Storage & Peripherals - 1.9% | |||
Dell Technologies, Inc., Class C | 30,334 | 1,219,730 | |
Hewlett Packard Enterprise Co. | 16,947 | 269,966 | |
HP, Inc. | 81,938 | 2,404,880 | |
NetApp, Inc. | 948 | 60,530 | |
Pure Storage, Inc., Class A * | 26,932 | 687,035 | |
4,642,141 | |||
Textiles, Apparel & Luxury Goods - 2.5% | |||
Deckers Outdoor Corp. * | 3,359 | 1,510,039 | |
Lululemon Athletica, Inc. * | 12,791 | 4,658,354 | |
6,168,393 | |||
Trading Companies & Distributors - 2.8% | |||
Herc Holdings, Inc. | 7,825 | 891,268 | |
SiteOne Landscape Supply, Inc. * | 4,845 | 663,135 | |
United Rentals, Inc. | 607 | 240,226 | |
WESCO International, Inc. | 6,004 | 927,858 | |
WW Grainger, Inc. | 6,175 | 4,253,402 | |
6,975,889 | |||
Total Common Stocks | |||
(Cost - $217,054,227) | 242,811,442 | ||
Rights - 0.0%† | |||
ABIOMED, Inc.* | 1,883 | 1,921 | |
Achillion Pharmaceuticals, Inc., CVR* | 1,183 | 544 | |
Prevail Therapeutics, CVR* | 107 | 53 |
Shares/ Principal | Fair Value | ||
Rights (continued) | |||
Total Rights | |||
(Cost - $0) | $2,518 | ||
Warrants - 0.0%† | |||
Chord Energy Corp., expires 12/31/25* | 24 | 1,496 | |
Parker Drilling Co., expires 9/16/24* | 20 | 1 | |
Valaris Ltd., expires 12/31/28* | 61 | 671 | |
Total Warrants | |||
(Cost - $744) | 2,168 | ||
Short-Term Investments - 1.4% | |||
Money Market Funds - 1.4% | |||
Fidelity Investments Money Market Fund - Government Portfolio, Institutional Class, 4.72%(a) (Cost - $3,374,850) | 3,374,850 | 3,374,850 | |
Total Investments - 99.8% | |||
(Cost - $220,429,821) | $246,190,978 | ||
Other Assets Less Liabilities - Net 0.2% | 369,975 | ||
Total Net Assets - 100.0% | $246,560,953 |
Global Atlantic BlackRock Disciplined Mid Cap Growth 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. |
CVR | - | Contingent Value Rights |
PLC | - | Public Limited Company |
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. | 19 | 6/16/2023 | $3,930,862 | $211,047 | ||||||