Baillie Gifford

Q2 2020 13F

As of: Jun 30, 2020
Filed: Aug 12, 2020
US stock: $131.2B · prev $92.3B
Positions: 242 · prev 224
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 0.1%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves227 since the prior filing

+5.1 pp in · −5.0 pp out

New 28 +1.67 pp
Added 132 +3.39 pp
Trimmed 57 −4.57 pp
Exited 10 −0.47 pp

The book

Focused · behaves like 29 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 15% a year, about 6.7 years per position

Low
Moderate
High

Top 5 positions34% of US stock

TSLA Tesla, Inc. trimmed+2.83 pp trimmed+2.839.7%
AMZN Amazon.Com Inc trimmed−0.42 pp trimmed−0.428.7%
BABA Alibaba Group Holding Limited trimmed−4.08 pp trimmed−4.086.7%
ILMN Illumina Inc trimmed−0.38 pp trimmed−0.384.8%
SPOT Spotify Technology S.A. added+1.50 pp added+1.504.3%

Positions242 in this filing · 10 exited


TSLATesla, Inc.	9.69%	11,771,213	$12.7B	trimmed−3%	+2.83 pp	29 q
AMZNAmazon.Com Inc	8.66%	4,119,285	$11.4B	trimmed−4%	−0.42 pp	29 q
BABAAlibaba Group Holding Limited	6.70%	40,757,011	$8.8B	trimmed−20%	−4.08 pp	24 q
ILMNIllumina Inc	4.83%	17,110,115	$6.3B	trimmed−3%	−0.38 pp	29 q
SPOTSpotify Technology S.A.	4.35%	22,096,060	$5.7B	added+2%	+1.50 pp	9 q
SHOPShopify Inc. Class A subordinate voting shares	4.20%	5,810,601	$5.5B	trimmed−4%	+1.48 pp	12 q
MELIMercado Libre, Inc	3.61%	4,800,797	$4.7B	added+3%	+1.15 pp	29 q
GOOGAlphabet Inc. Class C	2.71%	2,517,976	$3.6B	trimmed−1%	−0.48 pp	25 q
NFLXNetFlix Inc	2.67%	7,713,485	$3.5B	trimmed−4%	−0.59 pp	22 q
METAMeta Platforms, Inc. Class A	2.53%	14,603,577	$3.3B	trimmed−5%	−0.23 pp	29 q
TALTAL Education Group	2.38%	45,604,752	$3.1B	trimmed−3%	−0.33 pp	18 q
PDDPDD Holdings Inc.	1.69%	25,783,127	$2.2B	trimmed−5%	+0.63 pp	8 q
RACEFerrari N.V.	1.62%	12,452,188	$2.1B	trimmed−7%	−0.62 pp	18 q
NVDANvidia Corp	1.59%	5,475,975	$2.1B	trimmed−27%	−0.54 pp	18 q
DXCMDexCom, Inc.	1.40%	4,541,984	$1.8B	trimmed−6%	−0.01 pp	29 q
MAMastercard Incorporated	1.33%	5,916,543	$1.7B	added+1%	−0.21 pp	29 q
ZMZoom Communications, Inc. Class A	1.29%	6,668,266	$1.7B	trimmed−7%	+0.15 pp	5 q
WDAYWorkday, Inc. Class A	1.23%	8,612,391	$1.6B	added+22%	+0.23 pp	29 q
MCOMoody's Corporation	1.18%	5,645,191	$1.6B	added0%	−0.11 pp	29 q
MSFTMicrosoft Corp	1.11%	7,161,344	$1.5B	added+1%	−0.10 pp	29 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.03%	23,843,822	$1.4B	trimmed−5%	−0.27 pp	18 q
ALNYAlnylam Pharmaceuticals, Inc.	0.98%	8,648,678	$1.3B	added+3%	−0.01 pp	29 q
unresolvedAtlassian Corp Plc	0.98%	7,102,003	$1.3B	trimmed−6%	−0.15 pp	17 q
WWayfair Inc.	0.92%	6,090,849	$1.2B	trimmed−1%	+0.56 pp	20 q
ISRGIntuitive Surgical Inc.	0.88%	2,034,814	$1.2B	trimmed−6%	−0.28 pp	29 q
TDOCTeladoc Health, Inc.	0.87%	5,966,431	$1.1B	added+3%	−0.10 pp	14 q
TTDThe Trade Desk, Inc.	0.87%	2,809,108	$1.1B	added+2%	+0.29 pp	8 q
ELVElevance Health, Inc.	0.82%	4,096,304	$1.1B	trimmed−0%	−0.19 pp	23 q
MKTXMarketAxess Holdings Inc.	0.77%	2,011,815	$1.0B	trimmed−5%	+0.01 pp	29 q
CHGGChegg, Inc.	0.75%	14,672,396	$987M	added+2%	+0.19 pp	11 q
PTONPeloton Interactive, Inc. Class A	0.75%	17,014,074	$983M	trimmed−3%	+0.25 pp	4 q
CRMSalesforce, Inc.	0.73%	5,143,006	$963M	trimmed−4%	−0.11 pp	29 q
SESea Limited	0.71%	8,685,398	$931M	added+3%	+0.31 pp	11 q
WIXWIX.com Ltd.	0.71%	3,646,858	$934M	trimmed−3%	+0.30 pp	19 q
RMDResMed Inc.	0.67%	4,549,162	$873M	added0%	−0.05 pp	16 q
NTESNetEase, inc.	0.66%	2,026,887	$870M	trimmed−6%	−0.09 pp	16 q
TMOThermo Fisher Scientific, Inc.	0.63%	2,265,936	$821M	added+3%	−0.05 pp	11 q
AJGArthur J. Gallagher & Co.	0.62%	8,314,362	$811M	added+16%	−0.02 pp	11 q
NIONIO Inc.	0.58%	97,777,594	$755M	trimmed−4%	+0.27 pp	8 q
ABMDAbiomed Inc	0.52%	2,845,104	$687M	added+4%	+0.09 pp	19 q
TERTeradyne, Inc.	0.52%	8,135,195	$688M	trimmed−1%	+0.04 pp	29 q
ZZillow Group, Inc. Class C	0.50%	11,443,321	$659M	added+1%	+0.06 pp	20 q
TCOMTrip.com Group Limited	0.49%	25,000,367	$648M	trimmed−40%	−0.57 pp	29 q
VVISA Inc.	0.47%	3,168,803	$612M	added+2%	−0.07 pp	29 q
SGENSeagen Inc.	0.44%	3,382,609	$575M	trimmed−21%	−0.10 pp	29 q
MLMMartin Marietta Materials	0.43%	2,745,791	$567M	added0%	−0.13 pp	29 q
BRBroadridge Financial Solutions Inc	0.41%	4,282,210	$540M	added+19%	+0.04 pp	5 q
BIDUBaidu, Inc.	0.40%	4,426,509	$531M	trimmed−15%	−0.17 pp	29 q
NETCloudflare, Inc. Class A, par value $0.001 per share	0.39%	14,238,591	$512M	new	+0.39 pp	new
RYAAYRyanair Holdings plc	0.38%	7,425,142	$493M	trimmed−1%	−0.05 pp	19 q
IONSIonis Pharmaceuticals, Inc.	0.37%	8,218,699	$485M	trimmed−6%	−0.08 pp	19 q
MTDMettler-Toledo International	0.36%	584,531	$471M	trimmed−0%	−0.08 pp	29 q
NVCRNovoCure Limited	0.36%	7,903,720	$469M	added+2%	−0.20 pp	11 q
TWLOTwilio Inc.	0.35%	2,068,937	$454M	new	+0.35 pp	new
JDJD.com, Inc.	0.33%	7,304,912	$440M	added+14%	+0.05 pp	25 q
SCIService Corporation International	0.33%	11,207,351	$436M	added0%	−0.14 pp	8 q
SITESiteOne Landscape Supply, Inc.	0.33%	3,811,671	$434M	added+1%	+0.03 pp	13 q
AXONAxon Enterprise, Inc.	0.32%	4,238,622	$416M	added+1%	0.00 pp	7 q
MKLMarkel Group Inc.	0.32%	448,799	$414M	trimmed−17%	−0.22 pp	29 q
RBARB Global, Inc.	0.32%	10,385,264	$424M	added0%	−0.06 pp	29 q
KEXKirby Corporation	0.30%	7,288,255	$390M	added0%	−0.04 pp	18 q
TREELendingTree, Inc.	0.30%	1,371,701	$397M	added+2%	+0.03 pp	18 q
EOGEOG Resources, Inc.	0.29%	7,452,943	$378M	added0%	0.00 pp	29 q
FRCBFirst Republic Bk CA	0.28%	3,526,286	$374M	added+3%	−0.03 pp	29 q
LYFTLyft, Inc. Class A	0.28%	10,994,329	$363M	added×3.0	+0.17 pp	6 q
unresolvedGrubhub Inc	0.27%	5,125,532	$360M	trimmed−48%	−0.16 pp	21 q
ALBAlbemarle Corporation	0.26%	4,421,215	$341M	added+1%	−0.01 pp	14 q
RDFNRedfin Corporation	0.26%	8,131,635	$341M	added+2%	+0.13 pp	12 q
VALEVale S.a.	0.26%	32,545,090	$336M	added+7%	−0.01 pp	6 q
CSGPCoStar Group Inc	0.24%	441,755	$314M	added+9%	−0.02 pp	16 q
unresolvedFiat Chrysler Automobiles NV s	0.24%	31,798,112	$319M	trimmed−8%	−0.03 pp	23 q
IBKRInteractive Brokers Group, Inc. Class A	0.23%	7,150,523	$299M	added0%	−0.10 pp	18 q
PBRPetroleo Brasileiro S.a.-petrobras	0.23%	35,936,901	$297M	added+11%	+0.04 pp	15 q
ELThe Estee Lauder Companies Inc. Class A	0.22%	1,510,545	$285M	added×9.6	+0.19 pp	19 q
ROKURoku, Inc. Class A	0.22%	2,428,182	$283M	added+4%	0.00 pp	6 q
WSOWatsco, Inc.	0.22%	1,658,005	$295M	added+3%	−0.05 pp	29 q
SPGIS&P Global Inc.	0.21%	841,712	$277M	new	+0.21 pp	new
SRCLStericycle Inc	0.21%	4,911,915	$275M	trimmed−1%	−0.05 pp	18 q
TMETencent Music Entertainment Group	0.21%	20,535,706	$276M	added+1%	−0.01 pp	7 q
ZLABZai Lab Limited	0.21%	3,310,482	$272M	added+6%	+0.04 pp	6 q
BKNGBooking Holdings Inc.	0.20%	162,001	$258M	new	+0.20 pp	new
CBRECbre Group, Inc.	0.20%	5,919,987	$268M	new	+0.20 pp	new
IBNICICI Bank Limited	0.20%	27,696,343	$257M	trimmed−5%	−0.07 pp	29 q
MRNAModerna, Inc.	0.20%	4,059,483	$261M	added+14%	+0.08 pp	7 q
WATWaters Corp	0.20%	1,488,361	$269M	trimmed−37%	−0.26 pp	29 q
BAPCredicorp LTD	0.20%	1,934,253	$259M	added+1%	−0.10 pp	29 q
GOOGLAlphabet Inc. Class A	0.19%	172,320	$244M	added+12%	0.00 pp	20 q
WORKSlack Technologies, Inc.	0.19%	8,114,808	$252M	added×7.7	+0.16 pp	4 q
AMTTd Ameritrade Holding Corp	0.19%	6,753,605	$246M	added+1%	−0.06 pp	29 q
ATHMAutohome Inc.	0.18%	3,163,998	$239M	trimmed−0%	−0.06 pp	21 q
CHWYChewy, Inc.	0.18%	5,347,453	$239M	added+3%	−0.03 pp	5 q
DNLIDenali Therapeutics Inc.	0.17%	9,279,194	$224M	added+2%	0.00 pp	11 q
WABWabtec Inc.	0.17%	3,785,193	$218M	trimmed−0%	−0.03 pp	18 q
CPACopa Holdings, S.A.	0.17%	4,482,281	$227M	added+42%	+0.02 pp	29 q
APPNAppian Corporation Class A	0.15%	3,750,261	$192M	added+5%	−0.01 pp	6 q
ITUBItau Unibanco Holding S.A.	0.15%	41,317,805	$194M	trimmed−2%	−0.06 pp	29 q
JEFJefferies Financial Group Inc.	0.15%	12,851,317	$200M	trimmed−1%	−0.04 pp	9 q
ZGZillow Group Inc Class A	0.15%	3,538,729	$203M	added0%	+0.02 pp	22 q
HHCThe Howard Hughes Corporation	0.14%	3,443,443	$179M	added+3%	−0.04 pp	26 q
PENPenumbra, Inc.	0.14%	1,030,393	$184M	added+7%	−0.03 pp	12 q
YEXTYext, Inc.	0.14%	10,996,403	$183M	added+3%	+0.02 pp	8 q
GKOSGlaukos Corporation	0.12%	4,025,507	$155M	added+10%	0.00 pp	11 q
VIRVir Biotechnology, Inc.	0.11%	3,463,202	$142M	added×26.7	+0.11 pp	3 q
AIYActivision Blizzard Inc	0.10%	1,811,299	$137M	trimmed−0%	−0.02 pp	15 q
STAAStaar Surgical Co	0.10%	2,165,564	$133M	added+10%	+0.03 pp	15 q
BBDBanco Bradesco S.A.	0.09%	31,692,503	$121M	trimmed−2%	−0.04 pp	15 q
CXCemex S.A.B. de C.V.	0.09%	39,710,997	$114M	added+5%	0.00 pp	29 q
SFIXStitch Fix, Inc. Class A	0.09%	4,896,384	$122M	added+5%	+0.03 pp	11 q
HDBHDFC Bank Limited	0.08%	2,337,041	$106M	added+5%	−0.01 pp	22 q
HEI.AHeico Corp Cl A	0.08%	1,284,859	$104M	added+4%	−0.01 pp	13 q
FASTFastenal Co	0.07%	2,188,911	$94M	added+3%	0.00 pp	28 q
DNOWDNOW Inc.	0.07%	10,407,421	$90M	added+1%	+0.01 pp	25 q
PLANAnaplan, Inc.	0.06%	1,871,644	$85M	held	—	7 q
EXKExact Sciences Corp	0.06%	898,161	$78M	added+23%	+0.01 pp	12 q
WUBA58.COM Inc	0.06%	1,454,059	$78M	trimmed−67%	−0.17 pp	13 q
PCRXPacira BioSciences, Inc.	0.06%	1,459,626	$77M	added+3%	+0.01 pp	20 q
PBR.APetroleo Brasileiro S.A.-Petrobras	0.06%	9,390,163	$75M	added+90%	+0.03 pp	9 q
SPLKSplunk Inc	0.06%	375,952	$75M	added+5%	+0.01 pp	27 q
AVAVAeroVironment, Inc.	0.05%	883,009	$70M	added+7%	0.00 pp	29 q
ONCBeOne Medicines Ltd.	0.05%	326,183	$61M	added+8%	+0.01 pp	18 q
BLBlackLine, Inc.	0.05%	792,481	$66M	added+14%	+0.01 pp	10 q
CDXSCodexis, Inc.	0.05%	5,368,177	$61M	added+31%	0.00 pp	22 q
GRFSGrifois, S.A.	0.05%	3,295,623	$60M	added+4%	−0.02 pp	2 q
IRBTiRobot Corporation	0.05%	844,429	$71M	added+3%	+0.01 pp	29 q
PGProcter & Gamble Company	0.05%	528,477	$63M	added+9%	−0.01 pp	21 q
TRUPTrupanion, Inc.	0.05%	1,434,598	$61M	added+3%	+0.01 pp	16 q
VRMVroom, Inc.	0.05%	1,200,347	$63M	new	+0.05 pp	new
ADAPYAdaptimmune Theraptcs	0.04%	5,289,669	$53M	added+21%	+0.03 pp	18 q
BZUNBaozun Inc.	0.04%	1,448,480	$56M	added+3%	0.00 pp	14 q
KOCoca-Cola Company	0.04%	1,216,498	$54M	added+6%	−0.02 pp	26 q
FQVLFFirst Quantum Minerals	0.04%	7,338,156	$58M	new	+0.04 pp	new
IPGPIPG Photonics Corporation	0.04%	323,550	$52M	added+10%	0.00 pp	29 q
JMIAJumia Technologies AG	0.04%	9,240,132	$51M	trimmed−0%	+0.01 pp	5 q
PEPPepsiCo, Inc.	0.04%	401,286	$53M	added+9%	−0.01 pp	29 q
UPSUnited Parcel Service, Inc. Class B	0.04%	483,462	$54M	added+39%	0.00 pp	29 q
CYBRCyberark Software LTD/ISRAEL	0.04%	509,100	$51M	added+44%	+0.01 pp	2 q
MMYTMakeMyTrip Limited	0.04%	3,231,669	$50M	trimmed−10%	−0.01 pp	14 q
ADIAnalog Devices, Inc.	0.03%	322,915	$40M	added+5%	0.00 pp	29 q
AAPLApple Inc.	0.03%	99,841	$36M	added+6%	0.00 pp	29 q
unresolvedBluebird Bio Inc	0.03%	696,127	$42M	added0%	0.00 pp	22 q
CHRWC.H. Robinson Worldwide, Inc.	0.03%	549,336	$43M	added+6%	−0.01 pp	28 q
DTEDTE Energy Company	0.03%	329,155	$35M	new	+0.03 pp	new
ESEversource Energy	0.03%	394,419	$33M	added×37.7	+0.03 pp	18 q
EVEREverQuote, Inc. Class A	0.03%	740,277	$43M	added+17%	+0.01 pp	3 q
FTCHQFarfetch Limited A	0.03%	2,303,432	$40M	held	—	5 q
RAMPLiveRamp Holdings, Inc.	0.03%	941,545	$40M	added+16%	0.00 pp	3 q
unresolvedNational Instrs Corp	0.03%	951,867	$37M	added+6%	0.00 pp	21 q
UBXGBUnity Biotechnology Inc	0.03%	3,803,014	$33M	held	—	9 q
XYLXylem Inc	0.03%	544,284	$35M	added+72%	+0.01 pp	14 q
AEEAmeren Corporation	0.02%	461,277	$32M	added×65.0	+0.02 pp	3 q
AEPAmerican Electric Power Company, Inc.	0.02%	409,469	$33M	new	+0.02 pp	new
ARCCAres Capital Corporation	0.02%	1,824,870	$26M	new	+0.02 pp	new
AGRAvangrid, Inc.	0.02%	770,270	$32M	new	+0.02 pp	new
CSCOCisco Systems, Inc. (DE)	0.02%	592,400	$28M	new	+0.02 pp	new
EDConsolidated Edison, Inc.	0.02%	405,450	$29M	added×46.0	+0.02 pp	17 q
DEDeere & Company	0.02%	171,703	$27M	added+73%	+0.01 pp	2 q
ECLEcolab, Inc.	0.02%	149,909	$30M	added+74%	+0.01 pp	14 q
EBEventbrite, Inc. Class A	0.02%	3,223,539	$28M	added+1%	−0.01 pp	6 q
FAROFaro Technologies Inc	0.02%	443,705	$24M	added+5%	0.00 pp	29 q
HUYAHUYA Inc.	0.02%	1,545,151	$29M	added×3.4	+0.01 pp	2 q
MCDMcDonald's Corporation	0.02%	174,245	$32M	added+5%	−0.01 pp	29 q
TROWT Rowe Price Group Inc	0.02%	175,765	$22M	added+60%	+0.01 pp	2 q
QTWOQ2 Holdings Inc	0.02%	354,861	$30M	new	+0.02 pp	new
5RTRubius Therapeutics Inc	0.02%	4,254,732	$25M	trimmed−0%	0.00 pp	8 q
TRHCTabula Rasa HealthCare, Inc.	0.02%	457,263	$25M	new	+0.02 pp	new
TNDMTandem Diabetes Care, Inc.	0.02%	295,269	$29M	trimmed−32%	−0.01 pp	8 q
TERPTerraForm Power, Inc	0.02%	1,588,134	$29M	added+2%	−0.01 pp	9 q
UPWKUpwork Inc.	0.02%	2,238,962	$32M	added+63%	+0.01 pp	5 q
AMBAAmbarella, Inc.	0.02%	468,445	$21M	added+12%	0.00 pp	14 q
ADROChinook Therapeutics Inc	0.01%	4,282,720	$10M	added0%	0.00 pp	18 q
APIAgora, Inc.	0.01%	400,000	$18M	new	+0.01 pp	new
ALGNAlign Technology Inc	0.01%	37,565	$10M	trimmed−14%	0.00 pp	11 q
AXPAmerican Express Company	0.01%	141,786	$13M	held	—	28 q
AXGNAxogen, Inc.	0.01%	1,081,132	$10M	added+4%	0.00 pp	8 q
BXKBancolombia S.a.-spons ADR	0.01%	257,155	$7M	held	—	7 q
BNFTBenefitfocus, Inc.	0.01%	964,229	$10M	added+5%	0.00 pp	12 q
BYNDBeyond Meat, Inc.	0.01%	107,278	$14M	new	+0.01 pp	new
BGTBlackRock Floating Rate Income Trust	0.01%	784,230	$9M	held	—	27 q
BTIBritish American Tobacco p.l.c.	0.01%	218,754	$8M	held	—	12 q
BNRBurning Rock Biotech Limited	0.01%	718,600	$19M	new	+0.01 pp	new
CEVACEVA Inc.	0.01%	464,568	$17M	added+4%	0.00 pp	14 q
CFRCullen/Frost Bankers Inc.	0.01%	228,618	$17M	trimmed−0%	0.00 pp	8 q
D0ADada Nexus Ltd-adr	0.01%	383,477	$9M	new	+0.01 pp	new
96669EURDmrc LLC	0.01%	763,243	$12M	added+4%	0.00 pp	20 q
DLBDolby Laboratories, Inc.Class A	0.01%	280,518	$18M	added+5%	−0.01 pp	29 q
EWEdwards Lifesciences Corp	0.01%	194,743	$13M	added×57.1	+0.01 pp	7 q
FTVFortive Corporation	0.01%	145,632	$10M	trimmed−45%	−0.01 pp	16 q
HEIHEICO Corporation	0.01%	173,621	$17M	trimmed−23%	−0.01 pp	28 q
ICLKIclick Interactive Asia-adr	0.01%	2,297,519	$12M	new	+0.01 pp	new
INFYInfosys Limited	0.01%	1,736,073	$17M	added+3%	0.00 pp	26 q
VVRInvesco Senior Income Trust	0.01%	2,832,037	$10M	added+17%	0.00 pp	23 q
IQiQIYI, Inc.	0.01%	823,168	$19M	new	+0.01 pp	new
MTBM&T Bank Corp.	0.01%	84,580	$9M	held	—	29 q
ORTXOrchard Therapeutics plc	0.01%	2,740,000	$16M	held	—	7 q
SHWThe Sherwin-Williams Company	0.01%	19,079	$11M	held	—	28 q
SWAVShockwave Medical, Inc.	0.01%	376,178	$18M	added×422.2	+0.01 pp	4 q
unresolvedSutro Biopharma	0.01%	1,500,000	$12M	new	+0.01 pp	new
TJXTJX Companies, Inc. (The)	0.01%	230,009	$12M	trimmed−67%	−0.03 pp	29 q
VARVarian Medical Systems, Inc.	0.01%	65,009	$8M	held	—	28 q
VECOVeeco Instruments Inc	0.01%	1,322,944	$18M	added+5%	0.00 pp	19 q
VRSKVerisk Analytics, Inc.	0.01%	66,186	$11M	held	—	17 q
ZUOZuora, Inc.	0.01%	1,436,760	$18M	added+19%	0.00 pp	6 q
unresolvedMedtronic	0.01%	205,553	$19M	new	+0.01 pp	new
SSYSStratasys Inc (ISRAEL)	0.01%	902,455	$14M	added+5%	0.00 pp	29 q
ALECAlector, Inc.	0.00%	3,666	$90,000	added+77%	0.00 pp	6 q
NLYAnnaly Capital Management. Inc.	0.00%	7,446	$49,000	trimmed−66%	0.00 pp	8 q
ABXBarrick Mining Corporation	0.00%	7,900	$212,000	new	0.00 pp	new
BILIBilibili Inc.	0.00%	50,113	$2M	new	0.00 pp	new
2663134DBitauto Holdings Ltd-adr	0.00%	16,750	$265,000	held	—	9 q
unresolvedBlue Apron Holdings Inc	0.00%	148,506	$2M	held	—	8 q
BBIOBridgeBio Pharma, Inc.	0.00%	5,809	$189,000	added×2.2	0.00 pp	2 q
EXCExelon Corporation	0.00%	19,387	$704,000	added+25%	0.00 pp	17 q
FTSFortis Inc.	0.00%	18,837	$714,000	new	0.00 pp	new
HCATHealth Catalyst, Inc	0.00%	5,987	$175,000	added+79%	0.00 pp	4 q
HCMHUTCHMED (China) Limited	0.00%	227,040	$6M	added+3%	0.00 pp	17 q
JTJianpu Technology Inc.	0.00%	873,219	$568,000	trimmed−54%	0.00 pp	10 q
KLDOKaleido Biosciences Inc	0.00%	440,000	$3M	held	—	6 q
KEPKorea Electric Power Corp	0.00%	153,980	$1M	added+13%	0.00 pp	16 q
LINDLindblad Expeditions Holdings Inc.	0.00%	700,000	$5M	held	—	11 q
LVGOLivongo Health, Inc.	0.00%	1,548	$116,000	new	0.00 pp	new
37MMrc Global Inc	0.00%	650,000	$4M	held	—	8 q
MASIMasimo Corporation	0.00%	1,311	$299,000	added×3.0	0.00 pp	4 q
unresolvedMenlo Therapeutics Inc	0.00%	395,049	$683,000	added×3.0	0.00 pp	2 q
MBTMobile TeleSystems Public Joint Stock Company	0.00%	29,700	$273,000	added+16%	0.00 pp	8 q
NEMNewmont Corporation	0.00%	3,200	$198,000	new	0.00 pp	new
NEENextEra Energy, Inc.	0.00%	3,014	$724,000	new	0.00 pp	new
unresolvedNucana Plc ADR	0.00%	827,308	$4M	held	—	12 q
unresolvedNuveen Senior Income Fund	0.00%	375,012	$2M	held	—	27 q
unresolvedRestorbio Inc	0.00%	1,271,387	$3M	held	—	10 q
SG7Sage Therapeutics Inc	0.00%	1,590	$66,000	added+81%	0.00 pp	4 q
SLBSLB Limited	0.00%	99,477	$2M	held	—	28 q
SNAPSnap Inc.	0.00%	185,160	$4M	held	—	9 q
SOHUSohu.com Limited	0.00%	200,140	$2M	held	—	9 q
Sunpower Corpconvertible	0.00%	7,177,000	$6M	added+17%	−0.01 pp	13 q
TXG10x Genomics, Inc. Class A	0.00%	4,297	$384,000	added×2.7	0.00 pp	2 q
unresolvedUxin ADR	0.00%	1,776,100	$3M	held	—	8 q
unresolvedVoya Prime Rate Trust	0.00%	1,110,210	$5M	added+45%	0.00 pp	23 q
WECWEC Energy Group, Inc.	0.00%	13,262	$1M	added+36%	0.00 pp	17 q
WPMWheaton Precious Metals Corp.	0.00%	8,165	$360,000	added+15%	0.00 pp	4 q
WITWipro Limited	0.00%	64,843	$215,000	trimmed−54%	0.00 pp	21 q
SINASina Corp	0.00%	131,550	$5M	held	—	18 q
STNEStoneCo Ltd. Class A	0.00%	151,300	$6M	added+40%	0.00 pp	3 q
CMGChipotle Mexican Grill, Inc.	—	−325,222	—	exited	−0.23 pp	—
MYGNMyriad Genetics Inc	—	−8,970,006	—	exited	−0.14 pp	—
NEWRNew Relic, Inc.	—	−1,277,812	—	exited	−0.06 pp	—
KMXCarMax Inc.	—	−263,146	—	exited	−0.02 pp	—
Liberty Interactive LLCconvertible	—	−34,273,000	—	exited	−0.02 pp	—
ACTGAcacia Research Corporation	—	−208,690	—	exited	0.00 pp	—
ARIApollo Commercial Real Estate Finance, Inc.	—	−14,800	—	exited	0.00 pp	—
XPHDXPioneer Floating Rate Fund	—	−538,606	—	exited	0.00 pp	—
SVJTYSeverstal Pao SPNS/GDR	—	−10,286	—	exited	0.00 pp	—
BCRHBlue Capital Reinsurance Hol	—	−615,658	—	exited	0.00 pp	—