Instuitional Investor - Kempen Capital Management N.v.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Microsoft Corp	MSFT	1,749,983	$647,781,648	5.68%
2.	Alphabet Inc.	GOOGL	1,976,651	$568,403,905	4.99%
3.	Booking Holdings Inc.	BKNG	3,338,450	$562,235,694	4.93%
4.	Nxp Semiconductors N.v.	NXPI	2,759,171	$543,170,263	4.76%
5.	Markel Group Inc.	MKL	226,148	$432,863,102	3.8%