Baillie Gifford

Q4 2023 13F

As of: Dec 31, 2023
Filed: Jan 26, 2024
US stock: $126.2B · prev $109.6B
Positions: 288 · prev 289
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%

Moves295 since the prior filing

+4.9 pp in · −4.8 pp out

New 15 +0.52 pp
Added 69 +4.38 pp
Trimmed 195 −4.44 pp
Exited 16 −0.39 pp

The book

Diversified · behaves like 43 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 17% a year, about 5.8 years per position

Low
Moderate
High

Top 5 positions25% of US stock

Positions288 in this filing · 16 exited


MELIMercado Libre, Inc	6.70%	5,383,227	$8.5B	trimmed−11%	−0.28 pp	43 q
NVDANvidia Corp	5.40%	13,771,912	$6.8B	trimmed−0%	−0.07 pp	32 q
AMZNAmazon.Com Inc	4.90%	40,667,179	$6.2B	trimmed−2%	+0.11 pp	43 q
PDDPDD Holdings Inc.	4.40%	37,960,238	$5.6B	added+6%	+1.21 pp	22 q
SHOPShopify Inc. Class A subordinate voting shares	3.96%	64,164,758	$5.0B	added+2%	+0.84 pp	26 q
TSLATesla, Inc.	3.68%	18,693,754	$4.6B	trimmed−16%	−1.41 pp	43 q
MRNAModerna, Inc.	3.60%	45,654,527	$4.5B	added0%	−0.70 pp	21 q
SPOTSpotify Technology S.A.	3.52%	23,657,094	$4.4B	trimmed−5%	+0.02 pp	23 q
TTDThe Trade Desk, Inc.	2.34%	40,984,017	$2.9B	trimmed−8%	−0.85 pp	22 q
NETCloudflare, Inc. Class A, par value $0.001 per share	2.04%	30,938,677	$2.6B	trimmed−0%	+0.25 pp	15 q
CPNGCoupang, Inc.	1.87%	145,524,128	$2.4B	added+22%	+0.01 pp	12 q
NFLXNetFlix Inc	1.87%	4,840,542	$2.4B	trimmed−9%	+0.04 pp	36 q
RACEFerrari N.V.	1.81%	6,780,755	$2.3B	trimmed−6%	−0.13 pp	32 q
TEAMAtlassian Corporation Class A	1.66%	8,807,619	$2.1B	added+21%	+0.32 pp	6 q
DXCMDexCom, Inc.	1.62%	16,520,313	$2.1B	trimmed−1%	+0.20 pp	43 q
MSFTMicrosoft Corp	1.53%	5,143,453	$1.9B	trimmed−5%	−0.02 pp	43 q
WDAYWorkday, Inc. Class A	1.53%	6,972,854	$1.9B	trimmed−2%	+0.14 pp	43 q
METAMeta Platforms, Inc. Class A	1.50%	5,353,425	$1.9B	added+25%	+0.33 pp	43 q
AMDAdvanced Micro Devices	1.19%	10,149,830	$1.5B	trimmed−1%	+0.23 pp	13 q
ELVElevance Health, Inc.	1.15%	3,087,904	$1.5B	added+1%	−0.07 pp	37 q
MCOMoody's Corporation	1.13%	3,638,551	$1.4B	trimmed−4%	+0.04 pp	43 q
SESea Limited	1.10%	34,183,394	$1.4B	added+31%	+0.05 pp	25 q
ISRGIntuitive Surgical Inc.	1.09%	4,068,034	$1.4B	trimmed−1%	0.00 pp	43 q
ALNYAlnylam Pharmaceuticals, Inc.	1.06%	6,967,097	$1.3B	trimmed−15%	−0.26 pp	43 q
MLMMartin Marietta Materials	1.04%	2,635,125	$1.3B	trimmed−5%	+0.01 pp	43 q
RBLXRoblox Corporation	1.01%	27,739,346	$1.3B	trimmed−1%	+0.27 pp	8 q
DASHDoorDash, Inc. Class A	1.00%	12,775,622	$1.3B	added+6%	+0.13 pp	13 q
RYAAYRyanair Holdings plc	0.99%	9,389,236	$1.3B	added+15%	+0.26 pp	33 q
DDOGDatadog, Inc. Class A	0.95%	9,920,366	$1.2B	trimmed−2%	+0.11 pp	14 q
NIONIO Inc.	0.82%	114,635,802	$1.0B	trimmed−0%	−0.13 pp	22 q
GOOGAlphabet Inc. Class C	0.80%	7,133,192	$1.0B	trimmed−6%	−0.12 pp	39 q
MAMastercard Incorporated	0.78%	2,317,173	$988M	trimmed−4%	−0.09 pp	43 q
SCIService Corporation International	0.76%	14,050,225	$962M	trimmed−4%	0.00 pp	22 q
NUNu Holdings Ltd.	0.76%	114,768,499	$956M	trimmed−3%	−0.02 pp	9 q
WIXWIX.com Ltd.	0.76%	7,788,745	$958M	trimmed−2%	+0.10 pp	33 q
BNTXBioNTech SE	0.73%	8,689,182	$917M	added+1%	−0.12 pp	12 q
AFRMAffirm Holdings, Inc. Class A	0.70%	17,983,039	$884M	trimmed−5%	+0.33 pp	12 q
ESTCElastic N.V.	0.69%	7,764,370	$875M	added+3%	+0.13 pp	6 q
SNOWSnowflake Inc.	0.67%	4,236,152	$843M	trimmed−3%	+0.06 pp	14 q
CSGPCoStar Group Inc	0.66%	9,524,096	$832M	trimmed−18%	−0.16 pp	30 q
DUOLDuolingo, Inc. Class A	0.65%	3,593,426	$815M	trimmed−20%	−0.03 pp	10 q
ADIAnalog Devices, Inc.	0.60%	3,794,215	$753M	added+12%	+0.06 pp	43 q
PBRPetroleo Brasileiro S.a.-petrobras	0.59%	46,720,807	$746M	trimmed−6%	−0.09 pp	29 q
IOTSamsara Inc.	0.59%	22,397,390	$748M	trimmed−1%	+0.07 pp	4 q
ILMNIllumina Inc	0.58%	5,275,769	$735M	trimmed−50%	−0.73 pp	43 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.56%	6,802,414	$707M	trimmed−1%	+0.02 pp	32 q
ONCBeOne Medicines Ltd.	0.55%	3,866,449	$697M	trimmed−0%	−0.09 pp	32 q
HDBHDFC Bank Limited	0.51%	9,636,983	$647M	added+1%	0.00 pp	36 q
WSOWatsco, Inc.	0.50%	1,476,317	$633M	trimmed−22%	−0.15 pp	43 q
AJGArthur J. Gallagher & Co.	0.48%	2,713,709	$610M	trimmed−4%	−0.11 pp	25 q
BRBroadridge Financial Solutions Inc	0.46%	2,803,441	$577M	trimmed−6%	−0.03 pp	19 q
SPGIS&P Global Inc.	0.46%	1,306,606	$576M	trimmed−6%	0.00 pp	15 q
ENPHEnphase Energy, Inc.	0.43%	4,079,776	$539M	added×3874.4	+0.43 pp	10 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.40%	3,838,639	$500M	added+54%	+0.15 pp	3 q
TERTeradyne, Inc.	0.39%	4,511,570	$490M	trimmed−5%	−0.04 pp	43 q
YETIYETI Holdings, Inc.	0.39%	9,416,441	$488M	added+53%	+0.12 pp	3 q
RPRXRoyalty Pharma plc Class A	0.39%	17,590,450	$494M	trimmed−4%	−0.06 pp	8 q
WMSAdvanced Drainage Systems, Inc.	0.38%	3,380,496	$475M	trimmed−4%	+0.01 pp	5 q
SCHWThe Charles Schwab Corporation	0.38%	6,936,695	$477M	trimmed−5%	+0.01 pp	9 q
CBRECbre Group, Inc.	0.37%	4,953,503	$461M	trimmed−5%	+0.02 pp	15 q
COURCoursera, Inc.	0.37%	24,156,815	$468M	trimmed−6%	−0.07 pp	12 q
ENTGEntegris Inc	0.36%	3,751,395	$449M	trimmed−5%	+0.02 pp	5 q
XYZBlock, Inc.	0.36%	5,935,002	$459M	added×36.3	+0.35 pp	6 q
WWayfair Inc.	0.36%	7,428,995	$458M	trimmed−4%	−0.07 pp	34 q
CHWYChewy, Inc.	0.35%	18,482,764	$437M	added+17%	+0.09 pp	19 q
TXG10x Genomics, Inc. Class A	0.35%	7,919,976	$443M	trimmed−5%	+0.04 pp	16 q
ETNEaton Corporation, plc	0.35%	1,816,135	$437M	trimmed−4%	−0.02 pp	5 q
MKLMarkel Group Inc.	0.33%	290,056	$412M	trimmed−4%	−0.08 pp	43 q
DNAGinkgo Bioworks Holdings, Inc.	0.32%	236,292,183	$399M	trimmed−1%	−0.07 pp	10 q
CPACopa Holdings, S.A.	0.32%	3,803,340	$404M	trimmed−1%	+0.01 pp	43 q
DEDeere & Company	0.31%	965,631	$386M	trimmed−9%	−0.06 pp	16 q
CXCemex S.A.B. de C.V.	0.30%	48,125,932	$373M	trimmed−9%	−0.01 pp	43 q
MTDMettler-Toledo International	0.30%	307,407	$373M	trimmed−1%	−0.02 pp	43 q
JOBYJoby Aviation, Inc.	0.30%	56,320,441	$375M	added+10%	0.00 pp	10 q
MBLYMobileye Global Inc. Class A	0.29%	8,424,283	$365M	trimmed−0%	−0.03 pp	5 q
TMOThermo Fisher Scientific, Inc.	0.28%	671,165	$356M	trimmed−4%	−0.04 pp	25 q
XYLXylem Inc	0.28%	3,066,639	$351M	added+2%	+0.03 pp	28 q
ALBAlbemarle Corporation	0.27%	2,355,871	$340M	trimmed−3%	−0.11 pp	28 q
PINSPinterest, Inc. Class A	0.27%	9,305,759	$345M	added+13%	+0.07 pp	13 q
SITESiteOne Landscape Supply, Inc.	0.27%	2,126,087	$345M	trimmed−4%	−0.06 pp	27 q
ADSKAutodesk Inc	0.26%	1,322,121	$322M	added+48%	+0.09 pp	5 q
BIDUBaidu, Inc.	0.25%	2,618,533	$312M	trimmed−1%	−0.07 pp	43 q
DNLIDenali Therapeutics Inc.	0.24%	14,260,724	$306M	trimmed−3%	−0.04 pp	25 q
TXNTexas Instruments Incorporated	0.24%	1,795,191	$306M	added×4.4	+0.18 pp	7 q
TWLOTwilio Inc.	0.23%	3,863,887	$293M	trimmed−5%	+0.01 pp	15 q
EXKExact Sciences Corp	0.22%	3,767,055	$279M	trimmed−7%	−0.03 pp	26 q
ROKURoku, Inc. Class A	0.22%	3,074,831	$282M	trimmed−4%	+0.01 pp	20 q
ADBEAdobe Inc.	0.21%	443,966	$265M	trimmed−42%	−0.15 pp	8 q
FNDFloor & Decor Holdings, Inc.	0.21%	2,345,761	$262M	trimmed−5%	+0.01 pp	5 q
PODDInsulet Corporation	0.21%	1,212,759	$263M	new	+0.21 pp	new
INSPInspire Medical Systems, Inc.	0.20%	1,229,879	$250M	added×69.5	+0.20 pp	13 q
ELThe Estee Lauder Companies Inc. Class A	0.20%	1,694,595	$248M	trimmed−4%	−0.03 pp	33 q
SPTSprout Social, Inc Class A	0.20%	4,114,040	$253M	trimmed−7%	0.00 pp	13 q
ODDODDITY Tech Ltd. Class A	0.20%	5,479,087	$255M	trimmed−1%	+0.06 pp	2 q
FIXComfort Systems USA, Inc.	0.19%	1,146,299	$236M	trimmed−4%	+0.01 pp	2 q
ECLEcolab, Inc.	0.19%	1,225,068	$243M	added+4%	+0.01 pp	28 q
POOLPool Corporation	0.19%	603,185	$240M	trimmed−5%	−0.02 pp	13 q
RXRXRecursion Pharmaceuticals, Inc. Class A	0.19%	24,179,504	$238M	trimmed−2%	+0.02 pp	11 q
TMETencent Music Entertainment Group	0.19%	26,745,199	$241M	trimmed−3%	+0.03 pp	21 q
HHHHoward Hughes Holdings Inc.	0.17%	2,470,497	$211M	trimmed−3%	0.00 pp	2 q
RELYRemitly Global, Inc.	0.17%	11,131,233	$216M	added+83%	+0.03 pp	5 q
BAPCredicorp LTD	0.17%	1,406,190	$211M	trimmed−0%	+0.01 pp	43 q
BBDBanco Bradesco S.A.	0.14%	51,261,146	$179M	trimmed−5%	0.00 pp	29 q
DOCSDoximity, Inc.	0.14%	6,299,503	$177M	trimmed−5%	+0.01 pp	6 q
FASTFastenal Co	0.14%	2,695,072	$175M	trimmed−2%	0.00 pp	42 q
GHGuardant Health, Inc.	0.13%	6,178,812	$167M	new	+0.13 pp	new
HCPHashiCorp, Inc. Class A	0.13%	6,730,652	$159M	trimmed−5%	−0.02 pp	9 q
NEOGNeogen Corp	0.13%	8,286,714	$167M	new	+0.13 pp	new
PENPenumbra, Inc.	0.13%	647,953	$163M	trimmed−5%	−0.02 pp	26 q
SEDGSolarEdge Technologies, Inc.	0.13%	1,729,330	$162M	trimmed−2%	−0.08 pp	13 q
GOOGLAlphabet Inc. Class A	0.12%	1,124,229	$157M	trimmed−1%	−0.02 pp	34 q
AURAurora Innovation, Inc. Class A	0.12%	33,634,164	$147M	held	—	9 q
CPCanadian Pacific Kansas City Limited	0.12%	1,857,767	$148M	added+24%	+0.02 pp	3 q
CERTCertara, Inc.	0.12%	8,921,463	$157M	trimmed−3%	0.00 pp	12 q
IBNICICI Bank Limited	0.12%	6,202,976	$148M	trimmed−4%	−0.02 pp	43 q
MKTXMarketAxess Holdings Inc.	0.12%	511,007	$150M	trimmed−17%	0.00 pp	43 q
ABCLAbCellera Biologics Inc.	0.11%	24,044,796	$137M	trimmed−8%	0.00 pp	12 q
STAAStaar Surgical Co	0.11%	4,448,208	$139M	trimmed−10%	−0.07 pp	29 q
AAPLApple Inc.	0.10%	653,695	$126M	added0%	0.00 pp	43 q
PBR.APetroleo Brasileiro S.A.-Petrobras	0.10%	8,483,987	$130M	trimmed−5%	−0.01 pp	23 q
PGProcter & Gamble Company	0.10%	878,964	$129M	added+1%	−0.02 pp	35 q
SGSweetgreen, Inc.	0.10%	11,592,537	$131M	trimmed−3%	−0.03 pp	6 q
YMMFull Truck Alliance Co. Ltd.	0.09%	15,678,434	$110M	trimmed−0%	−0.01 pp	11 q
PEPPepsiCo, Inc.	0.09%	663,292	$113M	added0%	−0.01 pp	43 q
UPSUnited Parcel Service, Inc. Class B	0.09%	720,629	$113M	trimmed−2%	−0.01 pp	43 q
ZZillow Group, Inc. Class C	0.09%	1,854,455	$107M	trimmed−18%	0.00 pp	34 q
FNFabrinet	0.09%	563,805	$107M	added×2.9	+0.06 pp	2 q
MMYTMakeMyTrip Limited	0.09%	2,284,324	$107M	added0%	+0.01 pp	28 q
ITUBItau Unibanco Holding S.A.	0.08%	15,034,066	$104M	added+3%	+0.01 pp	43 q
AVAVAeroVironment, Inc.	0.07%	661,906	$83M	trimmed−14%	−0.01 pp	43 q
AXONAxon Enterprise, Inc.	0.07%	326,844	$84M	trimmed−31%	−0.02 pp	21 q
INTUIntuit Inc	0.07%	133,975	$84M	trimmed−0%	+0.01 pp	9 q
SDGRSchrodinger, Inc.	0.07%	2,602,389	$93M	trimmed−12%	−0.01 pp	13 q
SBUXStarbucks Corp	0.07%	907,309	$87M	trimmed−3%	−0.01 pp	10 q
WRBYWarby Parker Inc.	0.07%	6,430,452	$91M	added+6%	0.00 pp	10 q
LMNDLemonade, Inc.	0.06%	4,549,693	$73M	trimmed−3%	+0.01 pp	14 q
RIVNRivian Automotive, Inc. Class A	0.06%	3,106,987	$73M	trimmed−4%	−0.01 pp	9 q
ZMZoom Communications, Inc. Class A	0.06%	1,028,079	$74M	trimmed−68%	−0.15 pp	19 q
NVCRNovoCure Limited	0.06%	4,840,141	$72M	trimmed−29%	−0.04 pp	25 q
APPNAppian Corporation Class A	0.05%	1,663,168	$63M	trimmed−11%	−0.03 pp	20 q
INFYInfosys Limited	0.05%	3,190,513	$59M	added+3%	0.00 pp	40 q
RAMPLiveRamp Holdings, Inc.	0.05%	1,634,664	$62M	trimmed−11%	0.00 pp	17 q
MPMP Materials Corp.	0.05%	2,960,001	$59M	added+26%	+0.01 pp	9 q
UPWKUpwork Inc.	0.05%	4,611,210	$69M	trimmed−11%	0.00 pp	19 q
WNSNWns Holdings Ltd-adr	0.05%	979,373	$62M	trimmed−3%	−0.01 pp	3 q
CHGGChegg, Inc.	0.04%	4,682,387	$53M	trimmed−53%	−0.04 pp	25 q
CSCOCisco Systems, Inc. (DE)	0.04%	1,067,765	$54M	trimmed−0%	−0.01 pp	15 q
KOCoca-Cola Company	0.04%	758,902	$45M	trimmed−0%	0.00 pp	40 q
CGNXCognex Corp	0.04%	1,206,227	$50M	added+9%	0.00 pp	5 q
PLDPrologis, Inc.	0.04%	350,959	$47M	trimmed−14%	0.00 pp	12 q
SWAVShockwave Medical, Inc.	0.04%	244,061	$47M	trimmed−11%	−0.01 pp	18 q
FROGJFrog Ltd.	0.04%	1,557,259	$54M	trimmed−10%	0.00 pp	12 q
AMTAmerican Tower Corporation	0.03%	196,760	$42M	added+18%	0.00 pp	10 q
BLBlackLine, Inc.	0.03%	660,281	$41M	trimmed−15%	−0.01 pp	24 q
DLBDolby Laboratories, Inc.Class A	0.03%	475,552	$41M	trimmed−11%	−0.01 pp	43 q
ESEversource Energy	0.03%	667,979	$41M	added×2.4	+0.01 pp	32 q
IPGPIPG Photonics Corporation	0.03%	326,358	$35M	trimmed−11%	0.00 pp	43 q
JMIAJumia Technologies AG	0.03%	9,303,254	$33M	trimmed−0%	+0.01 pp	19 q
MCDMcDonald's Corporation	0.03%	117,953	$35M	trimmed−0%	0.00 pp	43 q
NYTNew York Times Co.	0.03%	868,458	$43M	trimmed−6%	0.00 pp	4 q
NEENextEra Energy, Inc.	0.03%	629,698	$38M	added×3.0	+0.02 pp	15 q
PCRXPacira BioSciences, Inc.	0.03%	1,063,266	$36M	trimmed−35%	−0.02 pp	34 q
TROWT Rowe Price Group Inc	0.03%	368,178	$40M	added+2%	0.00 pp	16 q
PGNYProgyny, Inc.	0.03%	1,128,473	$42M	trimmed−31%	−0.02 pp	13 q
REXRRexford Industrial Realty, Inc.	0.03%	634,042	$36M	trimmed−16%	0.00 pp	12 q
SANASana Biotechnology, Inc.	0.03%	10,150,017	$41M	trimmed−1%	−0.01 pp	12 q
TDOCTeladoc Health, Inc.	0.03%	1,589,851	$34M	trimmed−10%	0.00 pp	28 q
TWSTTwist Bioscience Corporation	0.03%	1,094,758	$40M	trimmed−14%	+0.01 pp	6 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.03%	76,759	$40M	trimmed−1%	−0.01 pp	10 q
VIRVir Biotechnology, Inc.	0.03%	3,965,549	$40M	trimmed−0%	0.00 pp	17 q
ZUOZuora, Inc.	0.03%	4,444,865	$42M	trimmed−12%	−0.01 pp	20 q
AMBAAmbarella, Inc.	0.03%	518,280	$32M	trimmed−11%	0.00 pp	28 q
MDTMedtronic plc	0.03%	478,744	$39M	added+1%	0.00 pp	13 q
AMSCAmerican Superconductor Corp	0.02%	2,086,279	$23M	added+40%	+0.01 pp	14 q
ARCCAres Capital Corporation	0.02%	1,003,879	$20M	trimmed−4%	0.00 pp	15 q
BEAMBeam Therapeutics Inc.	0.02%	764,123	$21M	trimmed−13%	0.00 pp	13 q
YOUClear Secure, Inc.	0.02%	1,000,000	$21M	held	—	11 q
D0ADada Nexus Ltd-adr	0.02%	7,470,392	$25M	trimmed−0%	−0.01 pp	15 q
96669EURDmrc LLC	0.02%	722,259	$26M	trimmed−12%	0.00 pp	34 q
EWEdwards Lifesciences Corp	0.02%	403,958	$31M	trimmed−8%	−0.01 pp	21 q
EXAIExscientia Plc	0.02%	4,690,480	$30M	trimmed−4%	0.00 pp	9 q
HDHome Depot, Inc.	0.02%	62,928	$22M	added+20%	+0.01 pp	2 q
BEKEKE Holdings Inc.	0.02%	1,554,363	$25M	trimmed−2%	0.00 pp	14 q
NBTXNanobiotix S.A.	0.02%	2,869,030	$21M	added+48%	0.00 pp	13 q
TMDXTransMedics Group, Inc.	0.02%	308,978	$24M	trimmed−9%	0.00 pp	12 q
TRUPTrupanion, Inc.	0.02%	697,369	$21M	trimmed−14%	0.00 pp	30 q
VECOVeeco Instruments Inc	0.02%	737,460	$23M	trimmed−20%	0.00 pp	33 q
WABWabtec Inc.	0.02%	193,514	$25M	trimmed−0%	0.00 pp	4 q
CRSPCRISPR Therapeutics AG	0.02%	422,763	$26M	trimmed−4%	0.00 pp	6 q
CYBRCyberark Software LTD/ISRAEL	0.02%	143,515	$31M	trimmed−31%	−0.01 pp	16 q
FVRRFiverr International Ltd.	0.02%	820,553	$22M	trimmed−22%	0.00 pp	12 q
ADAPYAdaptimmune Theraptcs	0.01%	15,912,140	$13M	trimmed−7%	0.00 pp	32 q
AEHRAehr Test Systems	0.01%	662,307	$18M	added×108.1	+0.01 pp	2 q
ASNDAscendis Pharma A/S	0.01%	81,670	$10M	trimmed−5%	0.00 pp	13 q
AZOAutoZone, Inc.	0.01%	4,413	$11M	trimmed−14%	0.00 pp	7 q
BKNGBooking Holdings Inc.	0.01%	3,994	$14M	trimmed−11%	0.00 pp	15 q
BNBrookfield Corporation	0.01%	242,496	$10M	trimmed−6%	0.00 pp	3 q
9213421DBrookfield Renewable Cor-a	0.01%	642,865	$19M	trimmed−12%	−0.01 pp	14 q
CDLXCardlytics, Inc.	0.01%	946,058	$9M	trimmed−10%	−0.01 pp	12 q
KMXCarMax Inc.	0.01%	142,285	$11M	trimmed−11%	0.00 pp	7 q
CRLCharles River Laboratories International, Inc.	0.01%	70,202	$17M	trimmed−12%	0.00 pp	7 q
CDXSCodexis, Inc.	0.01%	3,419,093	$10M	trimmed−16%	0.00 pp	36 q
DCBODocebo Inc.	0.01%	230,561	$11M	trimmed−2%	0.00 pp	12 q
EVEREverQuote, Inc. Class A	0.01%	897,234	$11M	trimmed−27%	0.00 pp	17 q
FCNFTI Consulting, Inc.	0.01%	31,982	$6M	trimmed−15%	0.00 pp	7 q
FTSFortis Inc.	0.01%	406,552	$17M	added×13.7	+0.01 pp	15 q
GGGGraco Inc	0.01%	142,649	$12M	new	+0.01 pp	new
HSYThe Hershey Company	0.01%	92,287	$17M	added+31%	0.00 pp	7 q
HUYAHUYA Inc.	0.01%	1,765,711	$6M	held	—	16 q
IONSIonis Pharmaceuticals, Inc.	0.01%	298,483	$15M	trimmed−6%	0.00 pp	33 q
IRBTiRobot Corporation	0.01%	189,026	$7M	trimmed−22%	0.00 pp	43 q
LULufax Holding Ltd.	0.01%	6,077,224	$19M	new	+0.01 pp	new
MSAMine Safety Incorporated	0.01%	77,747	$13M	new	+0.01 pp	new
MASIMasimo Corporation	0.01%	86,188	$10M	trimmed−6%	0.00 pp	18 q
MDBMongoDB, Inc. Class A	0.01%	27,511	$11M	added×4.6	+0.01 pp	13 q
NKENike, Inc.	0.01%	100,756	$11M	added+82%	+0.01 pp	13 q
OSCROscar Health, Inc.	0.01%	822,088	$8M	held	—	12 q
PYPLPayPal Holdings, Inc.	0.01%	176,168	$11M	trimmed−11%	0.00 pp	2 q
PGRProgressive Corporation	0.01%	80,745	$13M	trimmed−30%	0.00 pp	7 q
QTRXQuanterix Corporation	0.01%	631,573	$17M	trimmed−0%	−0.01 pp	12 q
QSQuantumScape Corporation Class A	0.01%	2,428,332	$17M	trimmed−6%	−0.01 pp	13 q
RMDResMed Inc.	0.01%	60,046	$10M	trimmed−6%	0.00 pp	30 q
SKYTSkyWater Technology	0.01%	964,800	$9M	new	+0.01 pp	new
SUISun Communities, Inc	0.01%	96,700	$13M	new	+0.01 pp	new
unresolvedSutro Biopharma	0.01%	1,866,850	$8M	trimmed−0%	0.00 pp	15 q
TJXTJX Companies, Inc. (The)	0.01%	132,582	$12M	trimmed−21%	0.00 pp	43 q
TNDMTandem Diabetes Care, Inc.	0.01%	262,643	$8M	trimmed−0%	+0.01 pp	22 q
VEEVVeeva Systems Inc.	0.01%	54,035	$10M	trimmed−6%	0.00 pp	13 q
VVISA Inc.	0.01%	38,548	$10M	trimmed−11%	0.00 pp	43 q
WECWEC Energy Group, Inc.	0.01%	206,184	$17M	added×14.7	+0.01 pp	31 q
WATWaters Corp	0.01%	55,106	$18M	trimmed−0%	0.00 pp	43 q
ZGZillow Group Inc Class A	0.01%	203,531	$12M	trimmed−33%	0.00 pp	36 q
BURBurford Capital Limited	0.01%	623,993	$10M	trimmed−2%	0.00 pp	11 q
DLODLocal Limited Class A	0.01%	993,987	$18M	added+80%	0.00 pp	11 q
SSYSStratasys Inc (ISRAEL)	0.01%	708,737	$10M	trimmed−14%	0.00 pp	43 q
unresolvedAkili Inc	0.00%	4,665,795	$2M	held	—	6 q
ALECAlector, Inc.	0.00%	345,924	$3M	trimmed−6%	0.00 pp	20 q
BABAAlibaba Group Holding Limited	0.00%	94	$7,286	added+38%	0.00 pp	38 q
BIRDSmartbird, Inc. Class A	0.00%	532,500	$652,313	held	—	9 q
AEEAmeren Corporation	0.00%	13,935	$1M	added+82%	0.00 pp	17 q
unresolvedAmerican Well Corp Class A	0.00%	102,439	$152,634	trimmed−1%	0.00 pp	14 q
BUDAnheuser-Busch INBEV SA/NV	0.00%	101	$6,527	new	0.00 pp	new
BCEBCE, Inc.	0.00%	31,257	$1M	added+2%	0.00 pp	3 q
BANDBandwidth Inc. Class A	0.00%	29,690	$429,615	trimmed−1%	0.00 pp	13 q
LAWCS Disco, Inc.	0.00%	36,460	$276,732	trimmed−1%	0.00 pp	10 q
CALXCalix, Inc.	0.00%	12,896	$563,427	trimmed−1%	0.00 pp	8 q
GOOSCanada Goose Holdings Inc.	0.00%	119,221	$1M	trimmed−16%	0.00 pp	2 q
CARGCarGurus, Inc. Class A	0.00%	31,258	$755,193	trimmed−1%	0.00 pp	13 q
CLLSCellectis S.A.	0.00%	816,643	$3M	trimmed−30%	0.00 pp	11 q
unresolvedChargePoint Holdings Inc	0.00%	9,534	$22,310	trimmed−100%	−0.03 pp	12 q
COINCoinbase Global, Inc. Class A	0.00%	10,778	$2M	trimmed−16%	0.00 pp	7 q
CCUCompania Cervecerias Unidas S.A.	0.00%	339,096	$4M	added+7%	0.00 pp	4 q
EDConsolidated Edison, Inc.	0.00%	11,628	$1M	added+69%	0.00 pp	31 q
DLRDigital Realty Trust, Inc.	0.00%	4,796	$645,446	added+11%	0.00 pp	9 q
EOGEOG Resources, Inc.	0.00%	44,582	$5M	trimmed−11%	−0.01 pp	3 q
VMRKVivmark Residential	0.00%	13,200	$807,312	added+33%	0.00 pp	3 q
EXCExelon Corporation	0.00%	95,638	$3M	added×3.0	0.00 pp	31 q
EXFYExpensify, Inc. Class A	0.00%	1,097,448	$3M	trimmed−0%	0.00 pp	9 q
FTVFortive Corporation	0.00%	80,090	$6M	trimmed−9%	−0.01 pp	30 q
FRPTFreshpet, Inc.	0.00%	54,047	$5M	trimmed−12%	0.00 pp	11 q
GMABGenmab A/S	0.00%	50	$1,592	new	0.00 pp	new
GTLBGitLab Inc. Class A	0.00%	94,443	$6M	trimmed−17%	0.00 pp	7 q
GMEDGlobus Medical Inc	0.00%	92,027	$5M	trimmed−16%	0.00 pp	7 q
GBDCGolub Capital BDC, Inc.	0.00%	223,699	$3M	added+19%	0.00 pp	10 q
HCATHealth Catalyst, Inc	0.00%	538,318	$5M	trimmed−5%	−0.01 pp	18 q
HRHealthcare Realty Trust Incorporated	0.00%	30,694	$528,858	added+13%	0.00 pp	5 q
HUBBHubbell Incorporated	0.00%	101	$33,222	new	0.00 pp	new
HCMHUTCHMED (China) Limited	0.00%	144,969	$3M	added+7%	0.00 pp	31 q
IBPInstalled Building Products, Inc.	0.00%	16,301	$3M	new	0.00 pp	new
LILi Auto Inc.	0.00%	67	$2,508	new	0.00 pp	new
unresolvedLyell Immunopharma Inc	0.00%	690,871	$1M	trimmed−6%	0.00 pp	11 q
MTLSMaterialise NV	0.00%	83,119	$545,676	trimmed−40%	0.00 pp	9 q
NOVTNovanta Inc.	0.00%	7,765	$1M	trimmed−1%	0.00 pp	11 q
unresolvedNucana Plc ADR	0.00%	3,659,030	$1M	held	—	26 q
42OPhysicians Realty Trust	0.00%	44,143	$587,543	added+12%	0.00 pp	5 q
PUKPrudential PLC	0.00%	98	$2,200	new	0.00 pp	new
RDFNRedfin Corporation	0.00%	21,792	$224,894	trimmed−100%	−0.06 pp	26 q
RLAYRelay Therapeutics, Inc.	0.00%	373,596	$4M	trimmed−5%	0.00 pp	14 q
RIORio Tinto plc	0.00%	232	$17,275	added0%	0.00 pp	7 q
SG7Sage Therapeutics Inc	0.00%	84,765	$2M	trimmed−4%	0.00 pp	18 q
SCLXScilex Holding Company	0.00%	523	$1,067	held	—	4 q
TSLXSixth Street Specialty Lending, Inc.	0.00%	159,072	$3M	added+19%	0.00 pp	10 q
SPIRSpire Global, Inc.	0.00%	108,255	$846,554	held	—	10 q
VRNSVaronis Systems, Inc.	0.00%	26,514	$1M	trimmed−1%	0.00 pp	13 q
WDSWoodside Energy Group Limited	0.00%	33	$696	new	0.00 pp	new
XNCRXencor, Inc.	0.00%	31,005	$658,236	trimmed−1%	0.00 pp	13 q
CRHCRH Public Limited Company	0.00%	452	$31,261	added+24%	0.00 pp	2 q
LILMFLilium N.v. Ord A	0.00%	16,183	$19,096	added+5%	0.00 pp	10 q
unresolvedAbcam Plc ADR	—	−7,307,800	—	exited	−0.15 pp	—
FTCHQFarfetch Limited A	—	−43,555,765	—	exited	−0.08 pp	—
SNAPSnap Inc.	—	−10,345,952	—	exited	−0.08 pp	—
unresolvedLufax Holding Ltd	—	−24,878,403	—	exited	−0.02 pp	—
unresolvedOatly Inc.	—	−29,437,368	—	exited	−0.02 pp	—
ADMArcher Daniels Midland Company	—	−199,310	—	exited	−0.01 pp	—
EVBGEverbridge, Inc.	—	−574,022	—	exited	−0.01 pp	—
TREELendingTree, Inc.	—	−515,100	—	exited	−0.01 pp	—
SHWThe Sherwin-Williams Company	—	−38,555	—	exited	−0.01 pp	—
AEMAgnico Eagle Mines Ltd.	—	−43,514	—	exited	0.00 pp	—
APIAgora, Inc.	—	−744,300	—	exited	0.00 pp	—
BYNDBeyond Meat, Inc.	—	−3,111	—	exited	0.00 pp	—
BNRBurning Rock Biotech Limited	—	−156,912	—	exited	0.00 pp	—
LPSNLivePerson Inc	—	−1,030,519	—	exited	0.00 pp	—
NEMNewmont Corporation	—	−43,870	—	exited	0.00 pp	—
WPMWheaton Precious Metals Corp.	—	−37,776	—	exited	0.00 pp	—