You're welcome.
If you open your previous version, you'll see that you had 53 occurrences (52 is correct).
When you don't specify the base point directly; Inventor defines the base at the geometric center of the copied feature, and at the same time reads the sketch construction point as the next occurrence, even if the location is the same as the base.
In your case, the center of gravity was deep in the hole, so in the next occurrences Inventor moved them up so that the default base would be the same as the sketch points. If the hole was not through, but only had a depth equal to the material thickness - the remaining occurrences would not have the full depth. Experiment with the model and count the occurrences.
That's why it's important to both define all the inputs in the dialog and avoid sketching the sketch construction point at the base location. Otherwise, you can have a lot of problems, e.g. with automatic assembly and counting of bolted connections.