Baillie Gifford

Q2 2019 13F

As of: Jun 30, 2019
Filed: Aug 8, 2019
US stock: $94.3B · prev $91.4B
Positions: 226 · prev 227
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%

Moves196 since the prior filing

+5.0 pp in · −5.1 pp out

New 6 +0.69 pp
Added 102 +4.35 pp
Trimmed 81 −4.91 pp
Exited 7 −0.15 pp

The book

Focused · behaves like 33 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 12% a year, about 8.3 years per position

Low
Moderate
High

Top 5 positions31% of US stock

AMZN Amazon.Com Inc added+0.35 pp added+0.358.9%
BABA Alibaba Group Holding Limited trimmed−1.14 pp trimmed−1.148.6%
ILMN Illumina Inc added+1.12 pp added+1.126.5%
META Meta Platforms, Inc. Class A added+0.38 pp added+0.383.3%
TSLA Tesla, Inc. added−0.87 pp added−0.873.2%

Positions226 in this filing · 7 exited


AMZNAmazon.Com Inc	8.94%	4,449,842	$8.4B	added+1%	+0.35 pp	25 q
BABAAlibaba Group Holding Limited	8.64%	48,050,056	$8.1B	trimmed−2%	−1.14 pp	20 q
ILMNIllumina Inc	6.55%	16,775,175	$6.2B	added+5%	+1.12 pp	25 q
METAMeta Platforms, Inc. Class A	3.26%	15,946,951	$3.1B	added+1%	+0.38 pp	25 q
TSLATesla, Inc.	3.18%	13,409,732	$3.0B	added+1%	−0.87 pp	25 q
MELIMercado Libre, Inc	3.03%	4,663,414	$2.9B	trimmed−4%	+0.32 pp	25 q
NFLXNetFlix Inc	3.02%	7,743,499	$2.8B	added+2%	+0.06 pp	18 q
SPOTSpotify Technology S.A.	2.96%	19,095,326	$2.8B	added+2%	+0.11 pp	5 q
GOOGAlphabet Inc. Class C	2.68%	2,333,098	$2.5B	added+1%	−0.27 pp	21 q
RACEFerrari N.V.	2.34%	13,549,182	$2.2B	trimmed−4%	+0.27 pp	14 q
SHOPShopify Inc. Class A subordinate voting shares	2.04%	6,418,913	$1.9B	added+8%	+0.70 pp	8 q
TALTAL Education Group	1.87%	46,310,572	$1.8B	trimmed−1%	+0.02 pp	14 q
CTRPTrip.com Group Limited	1.86%	47,424,143	$1.8B	trimmed−1%	−0.43 pp	25 q
BIDUBaidu, Inc.	1.85%	14,866,383	$1.7B	trimmed−15%	−1.31 pp	25 q
MAMastercard Incorporated	1.72%	6,140,583	$1.6B	added+5%	+0.21 pp	25 q
MKTXMarketAxess Holdings Inc.	1.49%	4,375,906	$1.4B	added+8%	+0.40 pp	25 q
ELVElevance Health, Inc.	1.32%	4,409,572	$1.2B	trimmed−0%	−0.07 pp	19 q
NVDANvidia Corp	1.32%	7,557,138	$1.2B	trimmed−1%	−0.18 pp	14 q
MCOMoody's Corporation	1.24%	5,971,830	$1.2B	trimmed−1%	+0.05 pp	25 q
ISRGIntuitive Surgical Inc.	1.18%	2,113,011	$1.1B	trimmed−2%	−0.17 pp	25 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.12%	26,836,611	$1.1B	added0%	−0.08 pp	14 q
VVISA Inc.	1.11%	6,009,385	$1.0B	added0%	+0.09 pp	25 q
WDAYWorkday, Inc. Class A	1.10%	5,026,151	$1.0B	trimmed−2%	+0.02 pp	25 q
unresolvedAtlassian Corp Plc	1.02%	7,333,867	$960M	trimmed−2%	+0.10 pp	13 q
CRMSalesforce, Inc.	0.84%	5,188,728	$787M	trimmed−2%	−0.08 pp	25 q
unresolvedGrubhub Inc	0.83%	10,040,807	$783M	added+9%	+0.13 pp	17 q
MSFTMicrosoft Corp	0.82%	5,795,828	$776M	trimmed−1%	+0.07 pp	25 q
DXCMDexCom, Inc.	0.77%	4,835,289	$725M	trimmed−2%	+0.13 pp	25 q
9990302DApache Corp	0.73%	23,688,967	$686M	trimmed−1%	−0.18 pp	25 q
TMOThermo Fisher Scientific, Inc.	0.73%	2,355,179	$692M	trimmed−0%	+0.02 pp	7 q
MLMMartin Marietta Materials	0.70%	2,876,225	$662M	added0%	+0.07 pp	25 q
AJGArthur J. Gallagher & Co.	0.67%	7,182,325	$629M	trimmed−0%	+0.06 pp	7 q
MKLMarkel Group Inc.	0.66%	570,019	$621M	added+3%	+0.06 pp	25 q
KEXKirby Corporation	0.64%	7,679,245	$607M	trimmed−0%	+0.01 pp	14 q
RMDResMed Inc.	0.62%	4,824,334	$589M	added+1%	+0.07 pp	12 q
WWayfair Inc.	0.62%	3,992,065	$583M	added+14%	+0.05 pp	16 q
ABMDAbiomed Inc	0.61%	2,219,136	$578M	added×2.1	+0.27 pp	15 q
TREELendingTree, Inc.	0.61%	1,371,614	$576M	trimmed−1%	+0.08 pp	14 q
TTDThe Trade Desk, Inc.	0.61%	2,518,927	$574M	added+96%	+0.33 pp	4 q
RCLRoyal Caribbean Group	0.60%	4,636,301	$562M	trimmed−0%	+0.02 pp	25 q
SCIService Corporation International	0.59%	11,838,754	$554M	trimmed−0%	+0.07 pp	4 q
NVCRNovoCure Limited	0.59%	8,829,449	$558M	added+10%	+0.17 pp	7 q
IBNICICI Bank Limited	0.58%	43,415,637	$547M	trimmed−30%	−0.20 pp	25 q
IONSIonis Pharmaceuticals, Inc.	0.58%	8,444,249	$543M	trimmed−2%	−0.19 pp	15 q
unresolvedBluebird Bio Inc	0.57%	4,223,534	$537M	trimmed−6%	−0.20 pp	18 q
WATWaters Corp	0.57%	2,503,393	$539M	added0%	−0.12 pp	25 q
ZZillow Group, Inc. Class C	0.57%	11,564,525	$536M	added+1%	+0.14 pp	16 q
MTDMettler-Toledo International	0.56%	631,283	$530M	trimmed−0%	+0.06 pp	25 q
NTESNetEase, inc.	0.56%	2,073,331	$530M	trimmed−2%	0.00 pp	12 q
unresolvedFiat Chrysler Automobiles NV s	0.55%	36,876,440	$515M	trimmed−28%	−0.28 pp	19 q
CHGGChegg, Inc.	0.51%	12,474,426	$481M	added+7%	+0.02 pp	7 q
BAPCredicorp LTD	0.50%	2,056,946	$471M	added+1%	−0.03 pp	25 q
RYAAYRyanair Holdings plc	0.49%	7,198,559	$462M	added+9%	−0.05 pp	15 q
SGENSeagen Inc.	0.49%	6,679,766	$462M	trimmed−0%	−0.05 pp	25 q
ALNYAlnylam Pharmaceuticals, Inc.	0.48%	6,213,470	$451M	added+9%	−0.10 pp	25 q
EOGEOG Resources, Inc.	0.48%	4,811,022	$448M	trimmed−0%	−0.02 pp	25 q
PBRPetroleo Brasileiro S.a.-petrobras	0.48%	29,068,012	$453M	added+3%	−0.01 pp	11 q
TERTeradyne, Inc.	0.44%	8,613,157	$413M	added0%	+0.07 pp	25 q
IBKRInteractive Brokers Group, Inc. Class A	0.43%	7,403,934	$404M	added+8%	+0.04 pp	14 q
ITUBItau Unibanco Holding S.A.	0.43%	43,293,178	$408M	added0%	+0.01 pp	25 q
AMTTd Ameritrade Holding Corp	0.41%	7,670,078	$383M	trimmed−0%	−0.01 pp	25 q
RBARB Global, Inc.	0.39%	10,975,914	$365M	added+1%	−0.02 pp	25 q
CMGChipotle Mexican Grill, Inc.	0.38%	490,970	$360M	trimmed−2%	−0.01 pp	4 q
WIXWIX.com Ltd.	0.37%	2,439,915	$347M	trimmed−1%	+0.04 pp	15 q
FRCBFirst Republic Bk CA	0.35%	3,371,078	$329M	trimmed−50%	−0.38 pp	25 q
CPACopa Holdings, S.A.	0.33%	3,158,199	$308M	added0%	+0.05 pp	25 q
ATHMAutohome Inc.	0.31%	3,365,435	$288M	added+1%	−0.07 pp	17 q
WUBA58.COM Inc	0.31%	4,749,492	$295M	trimmed−1%	−0.03 pp	9 q
DATATableau Software, Inc.	0.31%	1,783,410	$296M	trimmed−14%	+0.02 pp	14 q
WABWabtec Inc.	0.31%	4,053,309	$291M	trimmed−20%	−0.10 pp	14 q
AXONAxon Enterprise, Inc.	0.30%	4,348,159	$279M	added×8.9	+0.27 pp	3 q
SITESiteOne Landscape Supply, Inc.	0.30%	4,017,424	$278M	added+55%	+0.14 pp	9 q
BBDBanco Bradesco S.A.	0.28%	27,044,061	$266M	added+6%	+0.03 pp	11 q
JEFJefferies Financial Group Inc.	0.28%	13,816,062	$266M	added0%	0.00 pp	5 q
MYGNMyriad Genetics Inc	0.28%	9,527,142	$265M	trimmed−0%	−0.07 pp	24 q
JDJD.com, Inc.	0.27%	8,425,093	$255M	trimmed−9%	−0.04 pp	21 q
NIONIO Inc.	0.27%	100,331,208	$256M	trimmed−1%	−0.30 pp	4 q
SRCLStericycle Inc	0.27%	5,374,656	$257M	added0%	−0.05 pp	14 q
BRBroadridge Financial Solutions Inc	0.26%	1,908,072	$244M	new	+0.26 pp	new
DNOWDNOW Inc.	0.26%	16,516,800	$244M	added+7%	+0.02 pp	21 q
VALEVale S.a.	0.26%	18,183,800	$244M	added+72%	+0.11 pp	2 q
JMIAJumia Technologies AG	0.25%	9,002,358	$238M	new	+0.25 pp	new
WSOWatsco, Inc.	0.25%	1,456,702	$238M	added+29%	+0.07 pp	25 q
CSGPCoStar Group Inc	0.23%	395,328	$219M	added+22%	+0.06 pp	12 q
GKOSGlaukos Corporation	0.23%	2,825,084	$213M	added+61%	+0.08 pp	7 q
HHCThe Howard Hughes Corporation	0.22%	1,710,727	$212M	trimmed−1%	+0.01 pp	22 q
ROKURoku, Inc. Class A	0.22%	2,276,963	$206M	added+25%	+0.09 pp	2 q
ALBAlbemarle Corporation	0.20%	2,685,713	$189M	added+2%	−0.04 pp	10 q
PENPenumbra, Inc.	0.19%	1,095,805	$175M	added+18%	+0.04 pp	8 q
HDBHDFC Bank Limited	0.18%	1,278,760	$166M	trimmed−2%	+0.02 pp	18 q
YEXTYext, Inc.	0.18%	8,511,510	$171M	added+26%	+0.02 pp	4 q
TMETencent Music Entertainment Group	0.17%	10,946,629	$164M	added+15%	−0.02 pp	3 q
CXCemex S.A.B. de C.V.	0.16%	35,495,444	$151M	added+2%	−0.02 pp	25 q
DNLIDenali Therapeutics Inc.	0.16%	7,407,229	$154M	added+18%	0.00 pp	7 q
FTVFortive Corporation	0.16%	1,873,187	$153M	added+19%	+0.02 pp	12 q
SFIXStitch Fix, Inc. Class A	0.15%	4,488,246	$144M	added+23%	+0.04 pp	7 q
GOOGLAlphabet Inc. Class A	0.14%	123,415	$134M	trimmed−8%	−0.03 pp	16 q
HEI.AHeico Corp Cl A	0.13%	1,218,078	$126M	added+19%	+0.04 pp	9 q
CHWYChewy, Inc.	0.12%	3,330,686	$117M	new	+0.12 pp	new
LYFTLyft, Inc. Class A	0.12%	1,735,207	$114M	added+74%	+0.03 pp	2 q
NEWRNew Relic, Inc.	0.12%	1,259,823	$109M	added+24%	+0.01 pp	7 q
SESea Limited	0.12%	3,428,346	$114M	held	—	7 q
RDFNRedfin Corporation	0.11%	5,779,516	$104M	added+22%	0.00 pp	8 q
AIYActivision Blizzard Inc	0.10%	1,899,489	$90M	added+6%	+0.01 pp	11 q
PLANAnaplan, Inc.	0.10%	1,871,644	$94M	held	—	3 q
EXKExact Sciences Corp	0.09%	711,432	$84M	trimmed−22%	0.00 pp	8 q
ZLABZai Lab Limited	0.08%	2,086,383	$73M	added×48.9	+0.08 pp	2 q
MMYTMakeMyTrip Limited	0.08%	3,229,648	$80M	trimmed−1%	−0.02 pp	10 q
BZUNBaozun Inc.	0.07%	1,321,104	$66M	added+17%	+0.02 pp	10 q
FASTFastenal Co	0.07%	2,038,387	$66M	trimmed−6%	−0.01 pp	24 q
IRBTiRobot Corporation	0.07%	746,231	$68M	added+1%	−0.03 pp	25 q
PBR.APetroleo Brasileiro S.A.-Petrobras	0.07%	4,894,599	$70M	added+5%	0.00 pp	5 q
5RTRubius Therapeutics Inc	0.07%	4,234,682	$67M	added+2%	−0.01 pp	4 q
TERPTerraForm Power, Inc	0.07%	4,439,725	$63M	trimmed−0%	0.00 pp	5 q
unresolved2U Inc	0.07%	1,798,034	$68M	added+26%	−0.04 pp	2 q
ZGZillow Group Inc Class A	0.07%	1,389,465	$64M	added+29%	+0.03 pp	18 q
AGIOAgios Pharmaceuticals, Inc.	0.06%	1,079,829	$54M	added+24%	0.00 pp	6 q
CHRWC.H. Robinson Worldwide, Inc.	0.06%	698,932	$59M	added0%	−0.01 pp	24 q
KOCoca-Cola Company	0.06%	1,093,970	$56M	added+9%	+0.01 pp	22 q
CDXSCodexis, Inc.	0.06%	3,202,824	$59M	added+5%	−0.01 pp	18 q
STAAStaar Surgical Co	0.06%	1,777,622	$52M	added0%	−0.01 pp	11 q
TDOCTeladoc Health, Inc.	0.06%	883,507	$59M	trimmed−0%	+0.01 pp	10 q
AVAVAeroVironment, Inc.	0.05%	784,027	$45M	trimmed−0%	−0.01 pp	25 q
BXKBancolombia S.a.-spons ADR	0.05%	845,117	$43M	held	—	3 q
EBEventbrite, Inc. Class A	0.05%	2,934,531	$48M	added+95%	+0.02 pp	2 q
IPGPIPG Photonics Corporation	0.05%	275,041	$42M	trimmed−0%	0.00 pp	25 q
MRNAModerna, Inc.	0.05%	3,207,595	$47M	added+25%	−0.01 pp	3 q
PCRXPacira BioSciences, Inc.	0.05%	994,839	$43M	added0%	+0.01 pp	16 q
PEPPepsiCo, Inc.	0.05%	347,558	$46M	added+24%	+0.01 pp	25 q
PDDPDD Holdings Inc.	0.05%	2,087,330	$43M	trimmed−2%	−0.01 pp	4 q
PGProcter & Gamble Company	0.05%	467,211	$51M	added+1%	0.00 pp	17 q
TRUPTrupanion, Inc.	0.05%	1,328,529	$48M	trimmed−0%	0.00 pp	12 q
APPNAppian Corporation Class A	0.04%	927,508	$33M	added+17%	+0.01 pp	2 q
BMABanco Macro S.A.	0.04%	580,268	$42M	added+10%	+0.01 pp	4 q
BLBlackLine, Inc.	0.04%	653,927	$35M	trimmed−0%	+0.01 pp	6 q
KMXCarMax Inc.	0.04%	442,585	$38M	trimmed−3%	+0.01 pp	25 q
GGALGrupo Financiero Galicia SA	0.04%	1,003,429	$36M	added+1%	+0.01 pp	4 q
ELThe Estee Lauder Companies Inc. Class A	0.04%	188,260	$34M	held	—	15 q
MCDMcDonald's Corporation	0.04%	190,901	$40M	added0%	0.00 pp	25 q
unresolvedNational Instrs Corp	0.04%	838,268	$35M	added+1%	0.00 pp	17 q
Tesla Energy Operationsconvertible	0.04%	38,526,000	$37M	added+18%	+0.01 pp	9 q
SPLKSplunk Inc	0.04%	332,864	$42M	trimmed−0%	−0.01 pp	23 q
TJXTJX Companies, Inc. (The)	0.04%	723,184	$38M	trimmed−1%	0.00 pp	25 q
UPSUnited Parcel Service, Inc. Class B	0.04%	321,975	$33M	added+23%	+0.01 pp	25 q
UBXGBUnity Biotechnology Inc	0.04%	3,803,014	$36M	held	—	5 q
unresolvedCyberArk Software Ltd	0.04%	330,100	$42M	trimmed−0%	0.00 pp	5 q
AEEAmeren Corporation	0.03%	356,428	$27M	added+2%	0.00 pp	14 q
AXPAmerican Express Company	0.03%	215,439	$27M	trimmed−9%	0.00 pp	24 q
ADIAnalog Devices, Inc.	0.03%	287,755	$32M	trimmed−23%	−0.01 pp	25 q
AGRAvangrid, Inc.	0.03%	490,110	$25M	added+1%	0.00 pp	14 q
HEIHEICO Corporation	0.03%	242,586	$32M	trimmed−1%	0.00 pp	24 q
TNDMTandem Diabetes Care, Inc.	0.03%	434,700	$28M	held	—	4 q
ZMZoom Communications, Inc. Class A	0.03%	300,000	$27M	new	+0.03 pp	new
ADAPYAdaptimmune Theraptcs	0.02%	4,143,840	$17M	added+8%	0.00 pp	14 q
AAPLApple Inc.	0.02%	104,018	$21M	trimmed−25%	−0.01 pp	25 q
AXGNAxogen, Inc.	0.02%	975,000	$19M	trimmed−1%	0.00 pp	4 q
BNFTBenefitfocus, Inc.	0.02%	860,147	$23M	trimmed−0%	−0.03 pp	8 q
BRFSNBrf Sa-adr	0.02%	2,022,530	$15M	trimmed−90%	−0.11 pp	5 q
EDConsolidated Edison, Inc.	0.02%	179,488	$16M	trimmed−48%	−0.01 pp	13 q
CFRCullen/Frost Bankers Inc.	0.02%	213,431	$20M	added+20%	0.00 pp	4 q
96669EURDmrc LLC	0.02%	513,108	$23M	trimmed−1%	0.00 pp	16 q
DLBDolby Laboratories, Inc.Class A	0.02%	246,660	$16M	added0%	0.00 pp	25 q
ESEversource Energy	0.02%	214,588	$16M	trimmed−49%	−0.01 pp	14 q
FAROFaro Technologies Inc	0.02%	394,639	$21M	added+1%	0.00 pp	25 q
VVRInvesco Senior Income Trust	0.02%	3,310,700	$14M	held	—	19 q
JTJianpu Technology Inc.	0.02%	3,812,187	$14M	trimmed−2%	0.00 pp	6 q
JNJJohnson & Johnson	0.02%	105,784	$15M	added+3%	0.00 pp	25 q
Liberty Interactive LLCconvertible	0.02%	22,893,000	$16M	added+1%	0.00 pp	9 q
LINDLindblad Expeditions Holdings Inc.	0.02%	1,072,701	$19M	held	—	7 q
MTBM&T Bank Corp.	0.02%	96,766	$16M	held	—	25 q
PSMTPricesmart Inc	0.02%	373,578	$19M	trimmed−69%	−0.06 pp	25 q
UPWKUpwork Inc.	0.02%	1,284,200	$21M	new	+0.02 pp	new
WECWEC Energy Group, Inc.	0.02%	175,290	$15M	trimmed−49%	−0.01 pp	13 q
XYLXylem Inc	0.02%	189,933	$16M	added+21%	+0.01 pp	10 q
ZUOZuora, Inc.	0.02%	1,144,544	$18M	added+6%	0.00 pp	2 q
AMBAAmbarella, Inc.	0.02%	394,204	$17M	trimmed−0%	0.00 pp	10 q
SSYSStratasys Inc (ISRAEL)	0.02%	800,069	$23M	trimmed−1%	0.00 pp	25 q
ADROChinook Therapeutics Inc	0.01%	4,070,724	$6M	added+6%	−0.01 pp	14 q
ALGNAlign Technology Inc	0.01%	51,052	$14M	added×5.9	+0.01 pp	7 q
ONCBeOne Medicines Ltd.	0.01%	98,524	$12M	added+3%	0.00 pp	14 q
BGTBlackRock Floating Rate Income Trust	0.01%	802,170	$10M	held	—	23 q
BTIBritish American Tobacco p.l.c.	0.01%	209,808	$7M	added+1%	0.00 pp	8 q
CEVACEVA Inc.	0.01%	415,727	$10M	trimmed−0%	0.00 pp	10 q
ECLEcolab, Inc.	0.01%	64,382	$13M	added+22%	0.00 pp	10 q
EVHEvolent Health, Inc Class A	0.01%	1,072,417	$9M	trimmed−0%	0.00 pp	5 q
EXCExelon Corporation	0.01%	282,630	$14M	trimmed−48%	−0.02 pp	13 q
FTCHQFarfetch Limited A	0.01%	462,330	$10M	new	+0.01 pp	new
HCMHUTCHMED (China) Limited	0.01%	217,911	$5M	trimmed−1%	0.00 pp	13 q
INFYInfosys Limited	0.01%	1,304,732	$14M	added+6%	0.00 pp	22 q
KLDOKaleido Biosciences Inc	0.01%	440,000	$5M	held	—	2 q
2051428DOmr Art Smgarp Eu Eq PEN-2	0.01%	309,160	$9M	added+1%	0.00 pp	11 q
37MMrc Global Inc	0.01%	650,000	$11M	held	—	4 q
unresolvedNucana Plc ADR	0.01%	827,308	$9M	held	—	8 q
ORTXOrchard Therapeutics plc	0.01%	925,000	$13M	held	—	3 q
XPHDXPioneer Floating Rate Fund	0.01%	550,936	$6M	held	—	23 q
unresolvedRestorbio Inc	0.01%	1,271,387	$13M	held	—	6 q
SHWThe Sherwin-Williams Company	0.01%	19,584	$9M	held	—	24 q
VARVarian Medical Systems, Inc.	0.01%	72,439	$10M	trimmed−33%	−0.01 pp	24 q
VECOVeeco Instruments Inc	0.01%	859,481	$11M	trimmed−47%	−0.01 pp	15 q
VRSKVerisk Analytics, Inc.	0.01%	79,376	$12M	trimmed−98%	−0.51 pp	13 q
SINASina Corp	0.01%	131,550	$6M	held	—	14 q
ACTGAcacia Research Corporation	0.00%	365,820	$1M	held	—	25 q
ALECAlector, Inc.	0.00%	2,185	$42,000	held	—	2 q
NLYAnnaly Capital Management. Inc.	0.00%	17,762	$162,000	held	—	4 q
ARIApollo Commercial Real Estate Finance, Inc.	0.00%	12,100	$223,000	held	—	4 q
unresolvedAslan Pharmaceuticals ADR	0.00%	428,975	$1M	trimmed−3%	0.00 pp	5 q
2663134DBitauto Holdings Ltd-adr	0.00%	54,492	$571,000	held	—	5 q
unresolvedBlue Apron Holdings Inc	0.00%	148,506	$1M	trimmed−93%	0.00 pp	4 q
EWEdwards Lifesciences Corp	0.00%	1,327	$245,000	held	—	3 q
HIMXHimax Technologies, Inc.	0.00%	675,800	$2M	held	—	17 q
KEPKorea Electric Power Corp	0.00%	96,300	$1M	added+28%	0.00 pp	12 q
MBTMobile TeleSystems Public Joint Stock Company	0.00%	21,100	$196,000	held	—	4 q
unresolvedNuveen Senior Income Fund	0.00%	383,602	$2M	held	—	23 q
RIORio Tinto plc	0.00%	70,626	$4M	held	—	20 q
SLBSLB Limited	0.00%	110,529	$4M	held	—	24 q
SVJTYSeverstal Pao SPNS/GDR	0.00%	10,286	$173,000	held	—	4 q
SNAPSnap Inc.	0.00%	185,160	$3M	added+16%	0.00 pp	5 q
SOHUSohu.com Limited	0.00%	200,140	$3M	held	—	5 q
Sunpower Corpconvertible	0.00%	4,795,000	$4M	added+1%	0.00 pp	9 q
TRGPTarga Resources Corp.	0.00%	2,599	$102,000	held	—	4 q
unresolvedUxin ADR	0.00%	1,776,100	$4M	held	—	4 q
unresolvedVoya Prime Rate Trust	0.00%	764,400	$4M	held	—	19 q
WBWeibo Corporation	0.00%	26,310	$1M	held	—	12 q
WITWipro Limited	0.00%	151,701	$657,000	added+12%	0.00 pp	17 q
BCRHBlue Capital Reinsurance Hol	0.00%	629,438	$4M	held	—	23 q
FOMXFoamix Pharmaceuticals Ltd	0.00%	219,400	$523,000	held	—	17 q
VRTXVertex Pharmaceuticals Inc	—	−424,845	—	exited	−0.09 pp	—
SVMKSVMK Inc.	—	−1,769,756	—	exited	−0.04 pp	—
CELGCelgene Corp	—	−78,398	—	exited	−0.01 pp	—
unresolvedLuxoft Holding	—	−96,930	—	exited	−0.01 pp	—
unresolvedChina Rapid Finance ADR	—	−300,000	—	exited	0.00 pp	—
LECOLincoln Electric Holdings Inc	—	−51,216	—	exited	0.00 pp	—
SFLSFL Corporation Ltd.	—	−12,800	—	exited	0.00 pp	—