ARK Invest

Q4 2019 13F · by Cathie Wood, CIO

As of: Dec 31, 2019
Filed: Jan 31, 2020
US stock: $4.0B · prev $4.6B
Positions: 218 · prev 224
Options notional: $0
Documents: 1· no amendments

Picture97.1% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 97.1%
Foreign stock not listed in the US 2.9%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves238 since the prior filing

+27.4 pp in · −27.4 pp out

New 18 +3.23 pp
Added 94 +24.18 pp
Trimmed 102 −25.36 pp
Exited 24 −2.06 pp

The book

Focused · behaves like 33 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 52% a year, about 1.9 years per position

Low
Moderate
High

Top 5 positions28% of US stock

TSLA Tesla, Inc. trimmed+1.46 pp trimmed+1.467.6%
ILMN Illumina Inc added+1.47 pp added+1.476.1%
XYZ Block, Inc. added+1.28 pp added+1.285.9%
CRSP CRISPR Therapeutics AG added+2.05 pp added+2.054.5%
SSYS Stratasys Inc (ISRAEL) added+0.69 pp added+0.694.3%

Positions218 in this filing · 24 exited


TSLATesla, Inc.	7.62%	721,988	$302M	trimmed−38%	+1.46 pp	13 q
ILMNIllumina Inc	6.09%	727,740	$241M	added+5%	+1.47 pp	13 q
XYZBlock, Inc.	5.91%	3,747,978	$234M	added+9%	+1.28 pp	13 q
CRSPCRISPR Therapeutics AG	4.54%	2,956,635	$180M	added+6%	+2.05 pp	11 q
SSYSStratasys Inc (ISRAEL)	4.32%	8,463,934	$171M	added+8%	+0.69 pp	13 q
NVTAInvitae Corporation	4.28%	10,509,132	$170M	added+34%	+0.98 pp	13 q
EDITEditas Medicine, Inc.	3.32%	4,447,277	$132M	trimmed−10%	+0.87 pp	12 q
NTLAIntellia Therapeutics, Inc	3.23%	8,741,432	$128M	added+3%	+0.76 pp	13 q
unresolved2U Inc	3.16%	5,220,253	$125M	added+3%	+1.36 pp	13 q
ZGZillow Group Inc Class A	2.78%	2,407,049	$110M	new	+2.78 pp	new
XLNXXilinx Inc	2.63%	1,066,539	$104M	added+32%	+0.93 pp	13 q
ROKURoku, Inc. Class A	2.49%	737,580	$99M	added×2.5	+1.85 pp	3 q
SPLKSplunk Inc	2.39%	632,564	$95M	trimmed−5%	+0.67 pp	13 q
TWTRTwitter, Inc.	2.38%	2,947,892	$94M	added+97%	+1.03 pp	13 q
TREELendingTree, Inc.	2.18%	284,649	$86M	added+29%	+0.68 pp	13 q
NSTGQNanoString Technologies, Inc.	2.14%	3,055,316	$85M	trimmed−9%	+0.56 pp	13 q
PRLBProto Labs, Inc.	2.06%	804,925	$82M	added+18%	+0.54 pp	13 q
VCYTVeracyte, Inc.	1.96%	2,788,436	$78M	added+8%	+0.61 pp	13 q
CRMSalesforce, Inc.	1.93%	470,544	$77M	added+18%	+0.64 pp	13 q
TTDThe Trade Desk, Inc.	1.78%	271,092	$70M	added+89%	+1.19 pp	2 q
TDOCTeladoc Health, Inc.	1.59%	750,655	$63M	trimmed−22%	+0.17 pp	10 q
MELIMercado Libre, Inc	1.48%	102,431	$59M	added×2.7	+1.02 pp	13 q
TCEHYTencent Hldgs UNSP/	1.42%	1,175,156	$56M	trimmed−1%	+0.34 pp	10 q
NVDANvidia Corp	1.39%	234,736	$55M	trimmed−56%	−0.63 pp	13 q
HAPNHappen, Inc.	1.36%	4,258,140	$54M	added+4%	+0.19 pp	13 q
NFLXNetFlix Inc	1.36%	166,350	$54M	added+18%	+0.54 pp	13 q
CGENCompugen Ltd	1.35%	8,975,310	$53M	added+3%	+0.55 pp	13 q
MTLSMaterialise NV	1.31%	2,834,406	$52M	added+1%	+0.17 pp	13 q
TERTeradyne, Inc.	1.13%	655,002	$45M	trimmed−31%	−0.08 pp	13 q
CERSCerus Corp	1.00%	9,416,460	$40M	added+8%	+0.02 pp	13 q
ADSKAutodesk Inc	0.95%	205,347	$38M	added+2%	+0.30 pp	13 q
EBEventbrite, Inc. Class A	0.95%	1,866,050	$38M	added+12%	+0.31 pp	5 q
SYRSSyros Pharmaceuticals Inc	0.88%	5,077,807	$35M	added+32%	+0.01 pp	13 q
BABAAlibaba Group Holding Limited	0.81%	152,094	$32M	added+14%	+0.32 pp	13 q
PINSPinterest, Inc. Class A	0.78%	1,657,274	$31M	added×13.4	+0.71 pp	2 q
MCRBSeres Therapeutics, Inc.	0.63%	7,273,840	$25M	added+3%	+0.01 pp	13 q
CLLSCellectis S.A.	0.58%	1,342,001	$23M	added+8%	+0.30 pp	12 q
IOVAIovance Biotherapeutics, Inc.	0.57%	823,344	$23M	added+1%	+0.25 pp	8 q
AAPLApple Inc.	0.53%	71,615	$21M	trimmed−13%	+0.13 pp	12 q
AMZNAmazon.Com Inc	0.52%	11,254	$21M	added+17%	+0.15 pp	13 q
GBTCGrayscale Bitcoin Trust ETF	0.49%	2,349,322	$19M	added+65%	+0.16 pp	5 q
XONEExone CO/THE	0.45%	2,370,763	$18M	added+3%	+0.01 pp	13 q
CLDRCloudera, Inc.	0.41%	1,388,111	$16M	trimmed−33%	+0.01 pp	4 q
ARCTArcturus Therapeutics Holdings Inc.	0.38%	1,383,756	$15M	added+9%	+0.09 pp	3 q
unresolvedInovio Pharmaceuticals Inc	0.38%	4,584,966	$15M	added+9%	+0.19 pp	13 q
TWLOTwilio Inc.	0.37%	149,177	$15M	added×2.3	+0.21 pp	5 q
PDDPDD Holdings Inc.	0.34%	356,811	$13M	trimmed−22%	+0.02 pp	5 q
IONSIonis Pharmaceuticals, Inc.	0.33%	216,025	$13M	added+10%	+0.07 pp	13 q
BIDUBaidu, Inc.	0.32%	101,885	$13M	trimmed−24%	+0.02 pp	13 q
CDNACareDx, Inc.	0.31%	565,438	$12M	added+78%	+0.15 pp	3 q
GHGuardant Health, Inc.	0.30%	151,807	$12M	added×2.0	+0.20 pp	3 q
INCYIncyte Genomics Inc	0.30%	134,882	$12M	added+9%	+0.10 pp	13 q
AVAVAeroVironment, Inc.	0.28%	182,832	$11M	added+2%	+0.07 pp	13 q
CDXSCodexis, Inc.	0.28%	683,855	$11M	added+8%	+0.09 pp	5 q
PYPLPayPal Holdings, Inc.	0.26%	93,880	$10M	added+28%	+0.09 pp	13 q
SHOPShopify Inc. Class A subordinate voting shares	0.25%	24,563	$10M	added+49%	+0.14 pp	11 q
HUBSHubspot, Inc.	0.24%	59,580	$9M	added+51%	+0.11 pp	13 q
AMDAdvanced Micro Devices	0.22%	190,039	$9M	trimmed−9%	+0.09 pp	6 q
SPOTSpotify Technology S.A.	0.22%	59,630	$9M	added+29%	+0.11 pp	7 q
FATEFate Therapeutics, Inc.	0.21%	431,128	$8M	added+27%	+0.10 pp	3 q
SNAPSnap Inc.	0.21%	503,430	$8M	added+82%	+0.11 pp	2 q
TWSTTwist Bioscience Corporation	0.21%	398,613	$8M	added+62%	+0.08 pp	3 q
9991429DAptiv Irish Holdings Ltd	0.21%	87,890	$8M	trimmed−78%	−0.54 pp	9 q
ADBEAdobe Inc.	0.20%	23,986	$8M	added+1%	+0.06 pp	13 q
PACBPacific Biosciences of California, Inc.	0.20%	1,509,414	$8M	added+99%	+0.11 pp	3 q
CSTLCastle Biosciences, Inc.	0.18%	206,014	$7M	added+24%	+0.11 pp	2 q
CBMGCellular Biomedicine Group, Inc.	0.17%	411,880	$7M	added+18%	+0.06 pp	4 q
unresolvedOrganovo Hldgs Inc	0.17%	19,499,439	$7M	added+3%	+0.06 pp	13 q
PSNLPersonalis, Inc.	0.17%	625,856	$7M	added×2.1	+0.07 pp	3 q
5RTRubius Therapeutics Inc	0.16%	680,764	$6M	trimmed−7%	+0.03 pp	6 q
WDAYWorkday, Inc. Class A	0.16%	37,421	$6M	added×2.5	+0.10 pp	9 q
ZSZscaler, Inc.	0.15%	126,339	$6M	added	+0.15 pp	2 q
AYXAlteryx, Inc.	0.14%	57,396	$6M	new	+0.14 pp	new
JDJD.com, Inc.	0.13%	147,581	$5M	trimmed−2%	+0.04 pp	10 q
TRMBTrimble Inc.	0.13%	128,075	$5M	added+7%	+0.03 pp	13 q
unresolvedAtlassian Corp Plc	0.13%	44,410	$5M	added+22%	+0.03 pp	5 q
AKXAnsys Inc	0.09%	13,930	$4M	trimmed−10%	+0.02 pp	13 q
BMYBristol-Myers Squibb Co.	0.09%	53,054	$3M	trimmed−83%	−0.26 pp	4 q
IRDMIridium Communications Inc.	0.09%	138,992	$3M	added×2.0	+0.06 pp	2 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.09%	59,833	$3M	trimmed−18%	+0.02 pp	8 q
NXPINXP Semiconductors N.V.	0.09%	27,476	$3M	added+40%	+0.04 pp	6 q
GOOGLAlphabet Inc. Class A	0.07%	2,061	$3M	new	+0.07 pp	new
CGNXCognex Corp	0.07%	46,649	$3M	trimmed−33%	0.00 pp	9 q
KTOSKratos Defense & Security Solutions, Inc.	0.07%	143,836	$3M	added+13%	+0.02 pp	6 q
RKUNYRakuten Group Inc S/	0.07%	309,129	$3M	added+39%	+0.02 pp	8 q
SESea Limited	0.07%	67,191	$3M	new	+0.07 pp	new
FLIRFLIR Systems, Inc. (DE)	0.06%	46,253	$2M	added+46%	+0.02 pp	2 q
HPQHP Inc.	0.06%	118,859	$2M	added+18%	+0.02 pp	13 q
ICEIntercontinental Exchange Inc.	0.06%	27,593	$3M	added+29%	+0.02 pp	8 q
KMTUYKomatsu Ltd S/	0.06%	103,154	$2M	added+8%	+0.01 pp	2 q
unresolvedPluristem Therapeutics Inc	0.06%	585,694	$2M	added+9%	+0.02 pp	3 q
4AMNikon Slm Solutions AG	0.06%	125,343	$2M	trimmed−28%	+0.01 pp	10 q
FRIIFFrance Mgi Digital Graph	0.06%	37,140	$2M	trimmed−1%	+0.02 pp	8 q
MPNGFMeituan Dianping Ord Cl B	0.06%	196,027	$3M	trimmed−9%	+0.01 pp	2 q
RNSHFRenishaw PLC	0.06%	47,956	$2M	added+3%	+0.01 pp	2 q
unresolvedStraumann Holding AG	0.06%	2,291	$2M	trimmed−10%	+0.01 pp	3 q
RKUNFRakuten Group Inc	0.06%	266,905	$2M	added+14%	+0.01 pp	9 q
SBHGFSbi Holdings Inc Ord	0.06%	114,400	$2M	added+27%	+0.02 pp	9 q
ESLTElbit Systems Ltd	0.06%	16,394	$3M	trimmed−6%	0.00 pp	13 q
DEDeere & Company	0.05%	10,880	$2M	added+4%	+0.01 pp	10 q
GWREGuidewire Software, Inc.	0.05%	16,630	$2M	trimmed−24%	0.00 pp	9 q
HDBHDFC Bank Limited	0.05%	32,498	$2M	added+18%	+0.02 pp	9 q
INTUIntuit Inc	0.05%	7,037	$2M	trimmed−18%	0.00 pp	11 q
ISRGIntuitive Surgical Inc.	0.05%	3,646	$2M	trimmed−21%	0.00 pp	7 q
DDD3D Systems Corporation	0.05%	242,026	$2M	trimmed−2%	+0.01 pp	13 q
ADYYFAdyen NV Ord	0.05%	2,316	$2M	added+5%	+0.02 pp	4 q
ZZHGFZhongan Online P&C Ord	0.05%	511,700	$2M	added+5%	+0.02 pp	4 q
GMGeneral Motors Company	0.04%	41,437	$2M	trimmed−2%	+0.01 pp	12 q
XONPrecigen, Inc.	0.04%	324,891	$2M	added+80%	+0.02 pp	2 q
ALTRAltair Engineering Inc. Class A	0.03%	27,758	$997,000	trimmed−1%	+0.01 pp	3 q
METAMeta Platforms, Inc. Class A	0.03%	5,010	$1M	trimmed−5%	+0.01 pp	3 q
MSFTMicrosoft Corp	0.03%	7,019	$1M	trimmed−17%	0.00 pp	13 q
PTCPtc, Inc	0.03%	15,174	$1M	added+14%	+0.01 pp	13 q
SCHWThe Charles Schwab Corporation	0.03%	21,800	$1M	added+4%	+0.01 pp	9 q
TRUTransUnion	0.03%	13,325	$1M	trimmed−10%	0.00 pp	9 q
VRSKVerisk Analytics, Inc.	0.03%	6,964	$1M	added+3%	+0.01 pp	9 q
WRCDFWirecard AG Ord	0.03%	9,291	$1M	added+5%	0.00 pp	4 q
DSYDassault Systems	0.03%	6,401	$1M	trimmed−16%	+0.01 pp	2 q
YAHOFLy Corporation	0.03%	305,100	$1M	new	+0.03 pp	new
ABTUGBXAquabounty Technologies	0.02%	406,682	$882,000	added+9%	0.00 pp	8 q
CFMSConformis, Inc.	0.02%	425,240	$638,000	added+15%	0.00 pp	3 q
CSODCornerstone OnDemand, Inc.	0.02%	14,243	$834,000	new	+0.02 pp	new
DOCUDocuSign, Inc.	0.02%	12,772	$947,000	added×21.8	+0.02 pp	2 q
IBKRInteractive Brokers Group, Inc. Class A	0.02%	17,821	$831,000	trimmed−36%	−0.01 pp	9 q
NDAQNasdaq, Inc.	0.02%	7,474	$800,000	trimmed−25%	0.00 pp	9 q
DCYHFDiscovery Hldgs Ltd Ord	0.02%	104,920	$906,000	new	+0.02 pp	new
AJRDAerojet Rocketdyne Holdings, Inc.	0.01%	6,308	$288,000	trimmed−22%	0.00 pp	3 q
ALGNAlign Technology Inc	0.01%	1,911	$533,000	added+10%	0.00 pp	13 q
AMEAmetek, Inc.	0.01%	4,621	$461,000	trimmed−16%	0.00 pp	13 q
ARNCHowmet Aerospace Inc.	0.01%	10,954	$337,000	trimmed−24%	0.00 pp	13 q
unresolvedBellicum Pharmaceuticals Inc	0.01%	417,433	$538,000	added+9%	0.00 pp	7 q
FAROFaro Technologies Inc	0.01%	8,640	$435,000	trimmed−14%	0.00 pp	13 q
unresolvedGeneral Electric Co	0.01%	33,337	$372,000	trimmed−9%	0.00 pp	13 q
KALUKaiser Aluminum Corporation	0.01%	3,079	$341,000	trimmed−19%	0.00 pp	3 q
LECOLincoln Electric Holdings Inc	0.01%	3,462	$335,000	trimmed−20%	0.00 pp	2 q
MGICMagic Software Enterprises Ltd	0.01%	39,134	$381,000	new	+0.01 pp	new
MPNGYMeituan UNSP/	0.01%	14,389	$372,000	new	+0.01 pp	new
MOG.AMoog Inc.	0.01%	3,560	$304,000	trimmed−9%	0.00 pp	8 q
NICENICE Ltd	0.01%	2,382	$370,000	trimmed−24%	0.00 pp	9 q
NUVANuVasive, Inc.	0.01%	4,660	$360,000	trimmed−26%	0.00 pp	5 q
RDHLRedhill Biopharma Ltd.	0.01%	58,373	$354,000	added+4%	0.00 pp	9 q
SICPSilvergate Capital Corp A	0.01%	15,471	$246,000	new	+0.01 pp	new
SEDGSolarEdge Technologies, Inc.	0.01%	4,251	$404,000	trimmed−43%	0.00 pp	9 q
SYKStryker Corporation	0.01%	1,411	$296,000	trimmed−19%	0.00 pp	8 q
TEVATeva Pharmaceutical Industries Limited	0.01%	46,129	$452,000	trimmed−19%	0.00 pp	9 q
UCTTUltra Clean Holdings, Inc.	0.01%	18,986	$446,000	trimmed−27%	0.00 pp	13 q
UPSUnited Parcel Service, Inc. Class B	0.01%	2,568	$301,000	trimmed−27%	0.00 pp	13 q
unresolvedWirecard AG - ADR	0.01%	3,360	$201,000	trimmed−1%	0.00 pp	9 q
YAHOYLy Corp UNS/	0.01%	24,935	$210,000	new	+0.01 pp	new
BDTBertrandt AG	0.01%	6,323	$399,000	added+20%	0.00 pp	2 q
SMAWFSiemens AG Ord	0.01%	2,764	$361,000	trimmed−15%	0.00 pp	10 q
MDTMedtronic plc	0.01%	2,802	$318,000	trimmed−23%	0.00 pp	6 q
SPNNSapiens International Corp	0.01%	18,064	$415,000	trimmed−37%	0.00 pp	6 q
OERLFOc Oerlikon Corp Akt Shs	0.01%	29,881	$351,000	trimmed−10%	0.00 pp	3 q
ALLTAllot Ltd.	0.01%	46,919	$399,000	trimmed−22%	0.00 pp	3 q
AUDCAudioCodes Ltd	0.01%	19,300	$496,000	trimmed−32%	0.00 pp	9 q
BAVBatm Advanced Communications	0.01%	696,776	$347,000	new	+0.01 pp	new
BTSEFBet Shemesh Engines Hldgs	0.01%	9,254	$363,000	trimmed−37%	−4.04 pp	3 q
BZQIFBezeq Israel Telecom	0.01%	544,272	$437,000	trimmed−17%	0.00 pp	9 q
CAMTCamtek Ltd	0.01%	35,243	$382,000	trimmed−35%	0.00 pp	9 q
CELJFCellcom Israel Ltd Ord	0.01%	135,055	$430,000	trimmed−5%	0.00 pp	9 q
CRNTCeragon Networks Ltd	0.01%	129,788	$273,000	trimmed−19%	0.00 pp	9 q
CHKPCheck Point Software Technologies Ltd	0.01%	3,303	$367,000	trimmed−17%	0.00 pp	9 q
CYBRCyberark Software LTD/ISRAEL	0.01%	3,499	$408,000	added+7%	0.00 pp	9 q
DANEDanel (Adir Yeoshua) Ltd	0.01%	4,754	$442,000	trimmed−30%	−3.52 pp	9 q
unresolvedEvogene Ltd - ADR	0.01%	227,211	$345,000	added+9%	0.00 pp	13 q
ENLVEnlivex Ltd.	0.01%	38,536	$323,000	new	+0.01 pp	new
FATLFFattal Hldgs 1998 Ltd	0.01%	2,345	$382,000	trimmed−37%	−4.27 pp	2 q
FTCFFFms Enterprises Migun Ltd	0.01%	9,571	$355,000	trimmed−41%	−4.83 pp	4 q
FOMXFoamix Pharmaceuticals Ltd	0.01%	110,343	$367,000	trimmed−44%	0.00 pp	9 q
unresolvedGalmed Pharmaceuticals Ltd	0.01%	90,748	$525,000	added+25%	0.00 pp	6 q
FVRRFiverr International Ltd.	0.01%	16,635	$391,000	trimmed−13%	0.00 pp	2 q
MLNXMellanox Technologies Ltd	0.01%	3,214	$377,000	trimmed−22%	0.00 pp	13 q
GILTGilat Satellite Networks Ltd	0.01%	43,487	$344,000	trimmed−18%	0.00 pp	9 q
HLTEFHilan Tech Ltd	0.01%	8,605	$346,000	trimmed−33%	0.00 pp	2 q
INMDInMode Ltd.	0.01%	13,786	$540,000	new	+0.01 pp	new
unresolvedIntercure Ltd	0.01%	288,825	$311,000	added+25%	0.00 pp	4 q
ITRNIturan Location and Control Ltd.	0.01%	14,474	$364,000	trimmed−5%	0.00 pp	9 q
KMDAKamada Ltd	0.01%	69,617	$478,000	trimmed−10%	0.00 pp	9 q
RMTHFMatrix It Ltd	0.01%	20,581	$414,000	trimmed−30%	−3.80 pp	2 q
NVMINova Ltd.	0.01%	10,879	$412,000	trimmed−38%	0.00 pp	9 q
PTNRFPartner Communs Co Ord	0.01%	79,452	$354,000	trimmed−17%	−3.55 pp	2 q
PERIPerion Network Ltd.	0.01%	68,451	$426,000	new	+0.01 pp	new
RDWRRadware Ltd.	0.01%	15,376	$396,000	trimmed−19%	0.00 pp	9 q
SILCSilicom Ltd	0.01%	11,057	$368,000	trimmed−27%	0.00 pp	9 q
TAROTaro Pharmaceutical Indus	0.01%	4,707	$414,000	trimmed−15%	0.00 pp	9 q
MLTMILSMalam - Team Ltd	0.01%	2,199	$417,000	new	+0.01 pp	new
TSEMTower Semiconductor Ltd	0.01%	16,035	$386,000	trimmed−42%	0.00 pp	9 q
URGNUroGen Pharma Ltd.	0.01%	16,025	$535,000	added+13%	0.00 pp	9 q
WIXWIX.com Ltd.	0.01%	2,884	$353,000	trimmed−12%	0.00 pp	9 q
unresolvedOne Software Technologies Ltd	0.01%	5,288	$404,000	trimmed−32%	−4.10 pp	2 q
ZIPZip Co Ltd	0.01%	156,718	$390,000	new	+0.01 pp	new
unresolvedHexagon AB	0.01%	8,634	$486,000	trimmed−11%	0.00 pp	10 q
ATIATI Inc.	0.00%	1,995	$41,000	added+3%	0.00 pp	13 q
CRSCarpenter Technology Corp	0.00%	785	$39,000	trimmed−24%	0.00 pp	13 q
DDDuPont de Nemours, Inc.	0.00%	617	$40,000	trimmed−7%	0.00 pp	3 q
EMNEastman Chemical Company	0.00%	563	$45,000	trimmed−6%	0.00 pp	13 q
KODKEastman Kodak Company	0.00%	17,072	$79,000	trimmed−15%	0.00 pp	13 q
HXLHexcel Corporation	0.00%	534	$39,000	trimmed−10%	0.00 pp	10 q
2051428DOmr Art Smgarp Eu Eq PEN-2	0.00%	1,314	$64,000	trimmed−92%	−0.01 pp	5 q
NNDMNano Dimension Ltd.	0.00%	72,612	$184,000	trimmed−2%	−0.01 pp	13 q
POLAvient Corporation	0.00%	1,288	$47,000	trimmed−17%	0.00 pp	13 q
REGNRegeneron Pharmaceuticals Inc	0.00%	89	$33,000	trimmed−100%	−0.24 pp	13 q
MMM3M Company	0.00%	253	$45,000	trimmed−8%	0.00 pp	2 q
XRXXerox Holdings Corporation	0.00%	1,384	$51,000	added+3%	0.00 pp	2 q
BAYZFBayer A G Ord	0.00%	390	$32,000	held	—	2 q
EVKIFEvonik Industries AG	0.00%	1,571	$48,000	trimmed−0%	0.00 pp	2 q
HENOFHenkel AG & Co Kgaa	0.00%	392	$41,000	trimmed−19%	0.00 pp	3 q
SGLFFSgl Group Ord	0.00%	8,041	$43,000	added+15%	0.00 pp	2 q
ARKAFArkema Ord	0.00%	409	$43,000	trimmed−22%	0.00 pp	2 q
FANUFFanuc Corporation	0.00%	220	$41,000	held	—	8 q
GMOYFGmo Internet Inc Ord	0.00%	2,700	$51,000	new	0.00 pp	new
NTDOFNintendo Co Ltd Ord	0.00%	171	$69,000	held	—	10 q
unresolvedSoftBank Group Corp	0.00%	1,110	$48,000	held	—	10 q
TRYIFToray Indus Inc Ord	0.00%	5,508	$37,000	trimmed−22%	0.00 pp	10 q
DSMKoninklijke Dsm NV	0.00%	338	$44,000	trimmed−9%	0.00 pp	2 q
FANDFFirstrand Ltd	0.00%	34,982	$149,000	trimmed−82%	−0.02 pp	9 q
SDVKFSandvik AB	0.00%	2,505	$49,000	trimmed−15%	0.00 pp	2 q
ZZillow Group, Inc. Class C	—	−2,336,106	—	exited	−1.52 pp	—
unresolvedGrubhub Inc	—	−121,224	—	exited	−0.15 pp	—
NTNXNutanix, Inc. Class A	—	−209,512	—	exited	−0.12 pp	—
unresolvedBluebird Bio Inc	—	−40,200	—	exited	−0.08 pp	—
LNNFFLine Corp	—	−80,154	—	exited	−0.05 pp	—
TITMFTitomic Ltd	—	−1,471,255	—	exited	−0.05 pp	—
GOOGAlphabet Inc. Class C	—	−1,479	—	exited	−0.04 pp	—
SPAXXFidelity Govt Mmkt	—	−1,037,841	—	exited	−0.02 pp	—
TMOThermo Fisher Scientific, Inc.	—	−897	—	exited	−0.01 pp	—
BRSYFBrainsway Ltd Ord	—	−90,614	—	exited	−0.01 pp	—
unresolvedMediWound Ltd	—	−130,468	—	exited	−0.01 pp	—
FTEXXFidelity Muni Mmkt	—	−1,544	—	exited	0.00 pp	—
FDRXXFidelity Govt Cash Reserv	—	−3,675	—	exited	0.00 pp	—
FRGXXFidelity Inv Mmkt Govt-inst	—	−0	—	exited	0.00 pp	—
FZDXXFidelity Money Market-prem	—	−204	—	exited	0.00 pp	—
FPLSF5N Plus Inc	—	−23,087	—	exited	0.00 pp	—
MSCIMSCI, Inc.	—	−145	—	exited	0.00 pp	—
MDSOMedidata Solutions, Inc.	—	−211	—	exited	0.00 pp	—
SFTBYSoftbank Grp UNSP/	—	−1,988	—	exited	0.00 pp	—
VVISA Inc.	—	−223	—	exited	0.00 pp	—
unresolvedGMO internet Inc	—	−2,700	—	exited	0.00 pp	—
unresolvedIntec Pharma Ltd	—	−144,414	—	exited	0.00 pp	—
ASXFFAsx Ltd Ord	—	−1,579	—	exited	0.00 pp	—
XROLFXero Ltd Ord	—	−3,465	—	exited	0.00 pp	—