Baillie Gifford

Q4 2013 13F

As of: Dec 31, 2013
Filed: Feb 7, 2014
US stock: $42.3B · prev $39.5B
Positions: 206 · prev 209
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

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

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves184 since the prior filing

+4.5 pp in · −4.4 pp out

New 19 +1.58 pp
Added 80 +2.89 pp
Trimmed 63 −3.45 pp
Exited 22 −0.98 pp

The book

Focused · behaves like 29 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 22% a year, about 4.5 years per position

Low
Moderate
High

Top 5 positions34% of US stock

BIDU Baidu, Inc. trimmed−0.16 pp trimmed−0.1610.8%
AMZN Amazon.Com Inc trimmed+0.30 pp trimmed+0.309.3%
unresolved Google Inc. trimmed+0.84 pp trimmed+0.846.1%
ILMN Illumina Inc trimmed+0.73 pp trimmed+0.734.0%
EBAY eBay Inc trimmed−0.42 pp trimmed−0.423.6%

Positions206 in this filing · 22 exited


BIDUBaidu, Inc.	10.77%	25,634,771	$4.6B	trimmed−8%	−0.16 pp	3 q
AMZNAmazon.Com Inc	9.27%	9,844,345	$3.9B	trimmed−13%	+0.30 pp	3 q
unresolvedGoogle Inc.	6.06%	2,290,266	$2.6B	trimmed−3%	+0.84 pp	3 q
ILMNIllumina Inc	3.99%	15,281,229	$1.7B	trimmed−4%	+0.73 pp	3 q
EBAYeBay Inc	3.58%	27,577,824	$1.5B	trimmed−3%	−0.42 pp	3 q
METAMeta Platforms, Inc. Class A	2.85%	22,090,961	$1.2B	trimmed−6%	−0.14 pp	3 q
AAPLApple Inc.	2.75%	2,073,934	$1.2B	trimmed−5%	+0.11 pp	3 q
unresolvedWhole Foods Market	2.75%	20,133,575	$1.2B	trimmed−8%	−0.48 pp	3 q
CRMSalesforce, Inc.	2.54%	19,505,806	$1.1B	trimmed−7%	−0.22 pp	3 q
ISRGIntuitive Surgical Inc.	2.41%	2,657,383	$1.0B	added+14%	+0.20 pp	3 q
TRIPTripAdvisor, Inc.	1.62%	8,301,813	$688M	trimmed−18%	−0.32 pp	3 q
unresolvedNew Oriental Ed & Tech Grp I	1.60%	21,545,059	$679M	trimmed−1%	+0.23 pp	3 q
TSLATesla, Inc.	1.51%	4,247,864	$639M	trimmed−2%	−0.60 pp	3 q
HOGHarley-Davidson, Inc.	1.45%	8,848,749	$613M	added+1%	+0.02 pp	3 q
MELIMercado Libre, Inc	1.37%	5,363,053	$578M	added+3%	−0.41 pp	3 q
MAMastercard Incorporated	1.35%	682,055	$570M	added+2%	+0.21 pp	3 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.34%	32,568,331	$568M	added+2%	−0.03 pp	3 q
unresolvedLinkedin Corp Cl A	1.30%	2,533,905	$549M	trimmed−5%	−0.37 pp	3 q
BAPCredicorp LTD	1.30%	4,147,602	$551M	added+1%	−0.03 pp	3 q
RCLRoyal Caribbean Group	1.27%	11,370,481	$539M	added+74%	+0.64 pp	3 q
SGENSeagen Inc.	1.25%	13,315,804	$531M	added+36%	+0.16 pp	3 q
FRCBFirst Republic Bk CA	1.23%	9,986,522	$523M	added+35%	+0.35 pp	3 q
AMTTd Ameritrade Holding Corp	1.21%	16,654,728	$510M	added+55%	+0.50 pp	3 q
MTBM&T Bank Corp.	1.14%	4,148,766	$483M	added+41%	+0.31 pp	3 q
MKLMarkel Group Inc.	1.08%	788,947	$458M	added0%	+0.05 pp	3 q
MCOMoody's Corporation	1.08%	5,809,573	$456M	added+2%	+0.06 pp	3 q
EOGEOG Resources, Inc.	1.03%	2,592,510	$435M	added0%	−0.08 pp	3 q
ITUBItau Unibanco Holding S.A.	0.99%	30,733,535	$417M	trimmed−3%	−0.14 pp	3 q
PEPPepsiCo, Inc.	0.91%	4,638,946	$385M	added+1%	−0.01 pp	3 q
CTRPTrip.com Group Limited	0.86%	7,314,958	$363M	trimmed−5%	−0.28 pp	3 q
unresolvedRackspace Hosting Inc	0.85%	9,188,636	$360M	trimmed−2%	−0.40 pp	3 q
DISThe Walt Disney Company	0.82%	4,548,886	$348M	added+4%	+0.10 pp	3 q
unresolvedRyanair Holdings PLC ADR	0.81%	7,278,802	$342M	trimmed−1%	−0.12 pp	3 q
EMBJEmbraer S.A.	0.77%	10,156,252	$327M	added+5%	−0.03 pp	3 q
VVISA Inc.	0.77%	1,461,654	$325M	added+4%	+0.09 pp	3 q
unresolvedMindray Medical International ADR	0.75%	8,683,342	$316M	added+3%	−0.08 pp	3 q
KMXCarMax Inc.	0.71%	6,376,801	$300M	added+1%	−0.06 pp	3 q
XLNXXilinx Inc	0.70%	6,441,933	$296M	added+1%	−0.06 pp	3 q
NYCBFlagstar Bank, National Association	0.69%	17,432,066	$294M	added+3%	+0.04 pp	3 q
UPLUltra Petroleum Corp	0.65%	12,754,109	$276M	trimmed−3%	−0.04 pp	3 q
WATWaters Corp	0.65%	2,735,220	$274M	added+2%	−0.07 pp	3 q
LECOLincoln Electric Holdings Inc	0.63%	3,750,358	$268M	added+4%	+0.02 pp	3 q
DLBDolby Laboratories, Inc.Class A	0.62%	6,841,939	$264M	added+3%	+0.04 pp	3 q
FLIRFLIR Systems, Inc. (DE)	0.62%	8,665,463	$261M	added+3%	−0.05 pp	3 q
TWTRTwitter, Inc.	0.60%	3,978,913	$253M	new	+0.60 pp	new
unresolvedWellpoint Inc	0.60%	2,752,708	$254M	added+15%	+0.09 pp	3 q
QCOMQualcomm Inc	0.58%	3,297,900	$245M	added+34%	+0.16 pp	2 q
RBARB Global, Inc.	0.58%	10,729,029	$246M	trimmed−1%	+0.03 pp	3 q
unresolvedVale S.A. PFD	0.57%	17,167,200	$241M	added+24%	+0.07 pp	3 q
PGRProgressive Corporation	0.55%	8,490,284	$232M	trimmed−1%	−0.04 pp	3 q
SPLKSplunk Inc	0.55%	3,404,273	$234M	new	+0.55 pp	new
CXCemex S.A.B. de C.V.	0.49%	17,501,436	$207M	added+7%	+0.03 pp	3 q
PXGBXPraxair Inc	0.48%	1,550,272	$202M	added+4%	+0.02 pp	3 q
unresolvedYouku Inc ADR	0.48%	6,772,998	$205M	added+27%	+0.11 pp	3 q
DEDeere & Company	0.45%	2,071,329	$189M	trimmed−72%	−1.07 pp	3 q
NOVNOV Inc.	0.44%	2,321,509	$185M	added+2%	−0.01 pp	3 q
BRK.BBERKSHIRE HATHAWAY Class B	0.41%	1,463,455	$174M	added+2%	0.00 pp	3 q
JNJJohnson & Johnson	0.39%	1,781,785	$163M	trimmed−2%	−0.01 pp	3 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.38%	2,015,328	$162M	added+2%	0.00 pp	3 q
unresolvedAltera Corp	0.34%	4,402,845	$143M	added+6%	−0.05 pp	3 q
PFEPfizer Inc.	0.34%	4,647,709	$142M	trimmed−3%	−0.01 pp	3 q
SQMSociedad Quimica y Minera de Chile SA	0.34%	5,514,418	$143M	added×2.3	+0.16 pp	3 q
ARCOArcos Dorados Holdings Inc.	0.34%	11,735,552	$142M	added+8%	+0.01 pp	3 q
unresolvedQiagen N.V	0.31%	5,577,200	$133M	added+3%	+0.02 pp	3 q
AMXNAmerica Movil-spn ADR Cl L	0.30%	5,449,604	$127M	trimmed−49%	−0.23 pp	3 q
TERTeradyne, Inc.	0.29%	6,852,587	$121M	added+3%	+0.01 pp	3 q
MTDMettler-Toledo International	0.28%	486,644	$118M	added+2%	−0.01 pp	3 q
IBNICICI Bank Limited	0.27%	3,048,600	$113M	added+3%	+0.04 pp	3 q
unresolvedKraft Foods Group Inc	0.25%	1,978,918	$107M	added+11%	+0.01 pp	3 q
PBR.APetroleo Brasileiro S.A.-Petrobras	0.24%	6,777,986	$100M	added+6%	−0.03 pp	3 q
USBU.S. Bancorp	0.24%	2,492,764	$101M	trimmed−10%	−0.02 pp	3 q
unresolvedCoca Cola Enterprises Inc Ne	0.23%	2,213,642	$98M	added+6%	+0.02 pp	3 q
MYGNMyriad Genetics Inc	0.23%	4,548,700	$95M	added+24%	+0.01 pp	2 q
DHRDanaher Corporation	0.22%	1,201,887	$93M	added+9%	+0.03 pp	3 q
PBRPetroleo Brasileiro S.a.-petrobras	0.22%	6,832,135	$94M	trimmed−8%	−0.07 pp	3 q
PSMTPricesmart Inc	0.22%	807,425	$93M	trimmed−13%	0.00 pp	3 q
TDCTeradata Corporation	0.22%	2,058,414	$94M	trimmed−15%	−0.12 pp	3 q
BF.BBrown-Forman Corporation Class B	0.21%	1,178,467	$89M	trimmed−3%	0.00 pp	3 q
SOHUNSohu.com Inc	0.20%	1,142,497	$83M	added+20%	+0.01 pp	3 q
9990302DApache Corp	0.19%	934,162	$80M	added+8%	0.00 pp	3 q
CPACopa Holdings, S.A.	0.19%	505,916	$81M	added+20%	+0.04 pp	3 q
CVECenovus Energy Inc.	0.18%	2,711,030	$78M	trimmed−0%	−0.03 pp	3 q
MLMMartin Marietta Materials	0.18%	747,827	$75M	added×2.5	+0.11 pp	3 q
CLColgate-Palmolive Company	0.17%	1,127,164	$74M	trimmed−2%	0.00 pp	3 q
WSOWatsco, Inc.	0.17%	738,359	$71M	trimmed−1%	−0.01 pp	3 q
UPSUnited Parcel Service, Inc. Class B	0.16%	627,301	$66M	trimmed−0%	+0.01 pp	3 q
unresolvedWestport Innovations Inc US	0.15%	3,261,960	$64M	added+6%	−0.04 pp	3 q
ALNYAlnylam Pharmaceuticals, Inc.	0.14%	893,100	$57M	added+19%	+0.02 pp	3 q
TJXTJX Companies, Inc. (The)	0.13%	842,197	$54M	trimmed−1%	+0.01 pp	3 q
WTWWillis Towers Watson Public Limited Company	0.13%	1,666,876	$55M	added+2%	−0.03 pp	3 q
LULUlululemon athletica inc.	0.11%	768,096	$45M	added+2%	−0.03 pp	3 q
unresolvedSolera Holdings	0.11%	661,346	$47M	trimmed−1%	+0.02 pp	3 q
XOMExxon Mobil Corp	0.10%	419,298	$42M	trimmed−2%	+0.01 pp	3 q
unresolvedIHS Inc 'A'	0.10%	338,962	$41M	trimmed−2%	0.00 pp	3 q
unresolvedCoca Cola Hbc ADR	0.09%	1,259,232	$37M	trimmed−6%	−0.01 pp	3 q
unresolvedLinear Technology Group	0.09%	882,162	$40M	trimmed−0%	0.00 pp	3 q
unresolvedMonsanto Co	0.09%	318,124	$37M	trimmed−2%	0.00 pp	3 q
unresolvedPriceline Grp Inc	0.09%	31,403	$37M	trimmed−7%	0.00 pp	3 q
SSYSStratasys Inc (ISRAEL)	0.09%	293,400	$40M	trimmed−12%	0.00 pp	3 q
AXPAmerican Express Company	0.08%	373,082	$34M	added×6.1	+0.07 pp	2 q
ADIAnalog Devices, Inc.	0.08%	682,946	$35M	trimmed−27%	−0.03 pp	3 q
GHDXGenomic Health, Inc.	0.08%	1,153,029	$34M	added+38%	+0.02 pp	3 q
MCDMcDonald's Corporation	0.08%	340,874	$33M	added0%	0.00 pp	3 q
ROKRockwell Automation, Inc.	0.08%	297,874	$35M	trimmed−2%	0.00 pp	3 q
BMYBristol-Myers Squibb Co.	0.07%	553,310	$29M	added+42%	+0.02 pp	3 q
CCUCompania Cervecerias Unidas S.A.	0.07%	1,304,696	$31M	added+57%	+0.01 pp	2 q
IRBTiRobot Corporation	0.07%	859,700	$30M	added+28%	+0.01 pp	3 q
MKTXMarketAxess Holdings Inc.	0.07%	447,600	$30M	added×9.6	+0.06 pp	3 q
AIGAmerican International Group, Inc.	0.06%	475,400	$24M	trimmed−2%	0.00 pp	3 q
unresolvedBeam Inc	0.06%	372,373	$25M	trimmed−0%	0.00 pp	3 q
unresolvedBurger King Worldwide Inc	0.06%	1,170,500	$27M	trimmed−3%	0.00 pp	3 q
IMAXImax Corp	0.06%	876,860	$26M	trimmed−15%	−0.02 pp	3 q
ACWIiShares MSCI ACWI ETF	0.06%	458,782	$26M	added×6.6	+0.05 pp	2 q
ORLYO'Reilly Automotive, Inc.	0.06%	202,368	$26M	trimmed−80%	−0.26 pp	3 q
OCNOnity Group Inc.	0.06%	427,300	$24M	new	+0.06 pp	new
unresolvedOpentable	0.06%	304,200	$24M	added+2%	+0.01 pp	3 q
WDAYWorkday, Inc. Class A	0.06%	300,000	$25M	held	—	3 q
unresolvedZillow	0.06%	332,610	$27M	trimmed−1%	−0.01 pp	3 q
unresolvedZulily Inc	0.06%	572,100	$24M	new	+0.06 pp	new
FFIVF5, Inc.	0.05%	236,292	$21M	trimmed−0%	0.00 pp	3 q
MSFTMicrosoft Corp	0.05%	609,032	$23M	added0%	0.00 pp	3 q
JFRNuveen Floating Rate Income Fund	0.05%	1,720,000	$21M	new	+0.05 pp	new
PMPhilip Morris International Inc.	0.05%	246,605	$21M	trimmed−1%	0.00 pp	3 q
PLXProtalix BioTherapeutics, Inc.	0.05%	5,929,269	$23M	added+7%	−0.01 pp	3 q
AWRAmerican States Water Company	0.04%	520,000	$15M	held	—	2 q
AWKAmerican Water Works Company, Inc	0.04%	360,000	$15M	held	—	2 q
AMATApplied Materials Inc	0.04%	959,997	$17M	new	+0.04 pp	new
CWTCalifornia Water Service	0.04%	730,000	$17M	held	—	2 q
EFTEaton Vance Floating-Rate Income Trust	0.04%	990,000	$15M	new	+0.04 pp	new
HDHome Depot, Inc.	0.04%	219,705	$18M	trimmed−0%	0.00 pp	3 q
KSUKansas City Southern	0.04%	123,958	$15M	trimmed−4%	0.00 pp	3 q
unresolvedPenn West Petroleum Ltd	0.04%	1,829,984	$15M	added0%	−0.01 pp	3 q
unresolvedAqua America	0.03%	587,500	$14M	held	—	2 q
HEIHEICO Corporation	0.03%	202,600	$12M	trimmed−4%	0.00 pp	2 q
IDXXIdexx Laboratories Inc	0.03%	107,039	$11M	held	—	3 q
XPHDXPioneer Floating Rate Fund	0.03%	850,000	$11M	new	+0.03 pp	new
unresolvedSilver Wheaton (Nys)	0.03%	627,200	$13M	trimmed−2%	−0.01 pp	3 q
BCRHBlue Capital Reinsurance Hol	0.03%	629,438	$12M	new	+0.03 pp	new
unresolvedApollo Senior Floating Rate Fund Inc	0.02%	430,000	$8M	new	+0.02 pp	new
ADPAutomatic Data Processing	0.02%	80,089	$6M	held	—	2 q
BBDBanco Bradesco S.A.	0.02%	607,902	$8M	held	—	3 q
BGTBlackRock Floating Rate Income Trust	0.02%	650,000	$9M	new	+0.02 pp	new
unresolvedCuris	0.02%	3,232,400	$9M	trimmed−3%	−0.02 pp	3 q
DCIDonaldson Company, Inc.	0.02%	161,629	$7M	held	—	2 q
EVFEaton Vance Senior Income Trust	0.02%	1,060,000	$7M	new	+0.02 pp	new
unresolvedFEI Company	0.02%	84,700	$8M	held	—	3 q
FASTFastenal Co	0.02%	144,252	$7M	held	—	2 q
unresolvedNuveen Senior Income Fund	0.02%	1,120,000	$8M	new	+0.02 pp	new
ORCLOracle Corp	0.02%	275,261	$11M	held	—	2 q
PWRQuanta Services, Inc.	0.02%	262,040	$8M	added0%	0.00 pp	3 q
unresolvedQunar ADR	0.02%	395,600	$10M	new	+0.02 pp	new
REGNRegeneron Pharmaceuticals Inc	0.02%	36,780	$10M	trimmed−7%	−0.01 pp	3 q
SLBSLB Limited	0.02%	75,590	$7M	held	—	2 q
TYGTortoise Energy Infrastructure Corp.	0.02%	211,230	$10M	added0%	0.00 pp	3 q
WMTWalmart Inc.	0.02%	112,340	$9M	held	—	2 q
NLYAnnaly Capital Management. Inc.	0.01%	560,213	$6M	added0%	−0.01 pp	3 q
BRK.ABerkshire Hathaway Inc.	0.01%	15	$3M	held	—	3 q
2663134DBitauto Holdings Ltd-adr	0.01%	68,000	$2M	new	+0.01 pp	new
CHRWC.H. Robinson Worldwide, Inc.	0.01%	62,687	$4M	held	—	2 q
DXCMDexCom, Inc.	0.01%	79,000	$3M	added+20%	+0.01 pp	3 q
ECLEcolab, Inc.	0.01%	48,551	$5M	held	—	2 q
unresolvedGeneral Cable Corp	0.01%	208,376	$6M	held	—	3 q
IPGPIPG Photonics Corporation	0.01%	38,900	$3M	added+22%	+0.01 pp	3 q
unresolvedJohnson Controls	0.01%	89,979	$5M	held	—	2 q
MCHPMicrochip Technology Inc	0.01%	52,237	$2M	held	—	2 q
NDSNNordson Corp	0.01%	60,859	$5M	held	—	2 q
unresolvedNovadaq Technologies Inc	0.01%	183,000	$3M	added+24%	0.00 pp	3 q
unresolvedPactera Technology Intl Ltd Sp	0.01%	632,400	$5M	trimmed−3%	0.00 pp	3 q
unresolvedReynolds American	0.01%	121,179	$6M	held	—	3 q
SHWThe Sherwin-Williams Company	0.01%	26,821	$5M	held	—	2 q
TEVATeva Pharmaceutical Industries Limited	0.01%	69,350	$3M	held	—	3 q
TIFTiffany & Co.	0.01%	68,117	$6M	held	—	2 q
TRQTurquoise Hill Resources Ltd	0.01%	851,905	$3M	new	+0.01 pp	new
VARVarian Medical Systems, Inc.	0.01%	64,075	$5M	held	—	2 q
ACTGAcacia Research Corporation	0.00%	88,500	$1M	added×2.4	0.00 pp	3 q
AVAVAeroVironment, Inc.	0.00%	54,800	$2M	added+10%	0.00 pp	3 q
AMEDAmedisys Inc	0.00%	19,129	$280,000	held	—	3 q
unresolvedAngie's List	0.00%	132,900	$2M	trimmed−85%	−0.05 pp	3 q
unresolvedApollo Group Inc Class A	0.00%	4,200	$115,000	held	—	3 q
unresolvedAutonavi Holdings ADR	0.00%	68,400	$975,000	held	—	3 q
BBBlackBerry Limited	0.00%	38,502	$286,000	trimmed−94%	−0.01 pp	2 q
CECOPerdoceo Education Corporation	0.00%	98,062	$559,000	held	—	3 q
unresolvedEllie Mae	0.00%	21,000	$564,000	held	—	2 q
EPAMEpam Systems, Inc.	0.00%	47,500	$2M	held	—	3 q
unresolvedExa Corp	0.00%	85,000	$1M	new	0.00 pp	new
FAROFaro Technologies Inc	0.00%	26,900	$2M	added+13%	0.00 pp	3 q
RAILFreightCar America, Inc.	0.00%	4,165	$111,000	held	—	3 q
ESINQItt Educational Svcs Inc	0.00%	14,949	$502,000	held	—	3 q
unresolvedIntralinks Holdings	0.00%	58,000	$702,000	added+76%	0.00 pp	3 q
EWZiShares MSCI Brazil ETF	0.00%	35,260	$2M	trimmed−48%	−0.01 pp	3 q
unresolvedMedgenics	0.00%	104,000	$623,000	added×2.2	0.00 pp	3 q
unresolvedNam Tai Property Inc	0.00%	11,700	$84,000	held	—	3 q
NOAHNoah Holdings Limited	0.00%	27,000	$486,000	held	—	3 q
unresolvedNovacopper Inc	0.00%	22,000	$33,000	held	—	3 q
POWIPower Integrations Inc	0.00%	15,500	$865,000	held	—	3 q
RBCAARepublic Bancorp Inc/KY	0.00%	100	$2,000	held	—	3 q
SKMSK Telecom Co., Ltd.	0.00%	33,980	$837,000	new	0.00 pp	new
unresolvedShanda Games Adr 1:2 'A'	0.00%	46,300	$212,000	held	—	3 q
unresolvedSimcere Pharm.Gp.Adr 1:2	0.00%	24,400	$236,000	held	—	3 q
STMPStamps.com, Inc.	0.00%	38,600	$2M	held	—	3 q
unresolvedTurquoise Hill Resources Nil Paid	0.00%	851,905	$802,000	new	0.00 pp	new
unresolvedWsp Holdings Ltd-adr	0.00%	90,400	$243,000	held	—	3 q
unresolvedYongye International Inc	0.00%	28,400	$182,000	added+46%	0.00 pp	3 q
unresolvedXyratex Ltd	0.00%	17,456	$232,000	held	—	3 q
unresolvedGiven Imaging Ltd	0.00%	39,100	$1M	trimmed−14%	0.00 pp	3 q
MMYTMakeMyTrip Limited	0.00%	99,700	$2M	added+35%	0.00 pp	2 q
MHKMohawk Industries, Inc.	—	−1,732,908	—	exited	−0.57 pp	—
OMCOmnicom Group Inc.	—	−1,906,459	—	exited	−0.31 pp	—
unresolvedLife Technologies Corp	—	−437,771	—	exited	−0.08 pp	—
unresolvedEncana Corp	—	−503,000	—	exited	−0.02 pp	—
AAgilent Technologies Inc.	—	−6,304	—	exited	0.00 pp	—
unresolvedARIAD Pharms Inc	—	−5,327	—	exited	0.00 pp	—
ADSKAutodesk Inc	—	−7,441	—	exited	0.00 pp	—
BMRNBioMarin Pharmaceuticals Inc	—	−5,949	—	exited	0.00 pp	—
BTXBiotime Inc	—	−20,648	—	exited	0.00 pp	—
CELGCelgene Corp	—	−3,483	—	exited	0.00 pp	—
unresolvedCepheid	—	−5,367	—	exited	0.00 pp	—
unresolvedCIA Cervecerias Rights	—	−133,474	—	exited	0.00 pp	—
EMGAEmagin Corporation	—	−40,000	—	exited	0.00 pp	—
EXELExelixis Inc	—	−15,912	—	exited	0.00 pp	—
HOLXHologic Inc	—	−12,045	—	exited	0.00 pp	—
unresolvedHospira Inc	—	−7,191	—	exited	0.00 pp	—
LPIVital Energy Inc	—	−10,000	—	exited	0.00 pp	—
unresolvedMedivation Inc	—	−3,148	—	exited	0.00 pp	—
unresolvedNPS Pharmaceuticals	—	−25,173	—	exited	0.00 pp	—
unresolvedOnyx Pharmaceuticals Inc	—	−3,079	—	exited	0.00 pp	—
DGXQuest Diagnostics Inc.	—	−2,665	—	exited	0.00 pp	—
unresolvedSequenom	—	−41,194	—	exited	0.00 pp	—