Baillie Gifford

Q2 2024 13F

As of: Jun 30, 2024
Filed: Jul 25, 2024
US stock: $128.4B · prev $128.6B
Positions: 285 · prev 290
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%

Moves279 since the prior filing

+4.4 pp in · −4.2 pp out

New 13 +0.88 pp
Added 84 +3.52 pp
Trimmed 164 −3.65 pp
Exited 18 −0.60 pp

The book

Focused · behaves like 38 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 14% a year, about 7.3 years per position

Low
Moderate
High

Top 5 positions28% of US stock

NVDA Nvidia Corp trimmed+0.66 pp trimmed+0.667.9%
MELI Mercado Libre, Inc trimmed+0.28 pp trimmed+0.286.2%
AMZN Amazon.Com Inc trimmed+0.30 pp trimmed+0.305.8%
MRNA Moderna, Inc. trimmed+0.32 pp trimmed+0.324.0%
SPOT Spotify Technology S.A. trimmed−0.47 pp trimmed−0.473.9%

Positions285 in this filing · 18 exited


NVDANvidia Corp	7.90%	82,058,614	$10.1B	trimmed−20%	+0.66 pp	34 q
MELIMercado Libre, Inc	6.20%	4,846,204	$8.0B	trimmed−4%	+0.28 pp	45 q
AMZNAmazon.Com Inc	5.79%	38,471,662	$7.4B	trimmed−2%	+0.30 pp	45 q
MRNAModerna, Inc.	4.02%	43,449,041	$5.2B	trimmed−3%	+0.32 pp	23 q
SPOTSpotify Technology S.A.	3.94%	16,103,959	$5.1B	trimmed−25%	−0.47 pp	25 q
PDDPDD Holdings Inc.	3.64%	35,128,410	$4.7B	added+1%	+0.50 pp	24 q
SHOPShopify Inc. Class A subordinate voting shares	2.84%	55,235,148	$3.6B	trimmed−10%	−0.84 pp	28 q
TTDThe Trade Desk, Inc.	2.81%	36,995,424	$3.6B	trimmed−4%	+0.19 pp	24 q
CPNGCoupang, Inc.	2.80%	171,350,025	$3.6B	added+2%	+0.47 pp	14 q
NFLXNetFlix Inc	2.50%	4,762,069	$3.2B	added+2%	+0.30 pp	38 q
METAMeta Platforms, Inc. Class A	2.28%	5,812,111	$2.9B	trimmed−5%	−0.02 pp	45 q
TSLATesla, Inc.	2.20%	14,293,286	$2.8B	trimmed−20%	−0.24 pp	45 q
NETCloudflare, Inc. Class A, par value $0.001 per share	2.11%	32,722,670	$2.7B	added+9%	−0.16 pp	17 q
SESea Limited	1.91%	34,268,428	$2.4B	added0%	+0.48 pp	27 q
RACEFerrari N.V.	1.91%	6,019,346	$2.5B	trimmed−2%	−0.17 pp	34 q
NUNu Holdings Ltd.	1.87%	185,963,035	$2.4B	added+10%	+0.30 pp	11 q
MSFTMicrosoft Corp	1.68%	4,825,761	$2.2B	trimmed−1%	+0.09 pp	45 q
DXCMDexCom, Inc.	1.35%	15,325,931	$1.7B	trimmed−2%	−0.34 pp	45 q
ISRGIntuitive Surgical Inc.	1.33%	3,824,364	$1.7B	trimmed−1%	+0.13 pp	45 q
ELVElevance Health, Inc.	1.21%	2,864,282	$1.6B	trimmed−2%	+0.03 pp	39 q
TEAMAtlassian Corporation Class A	1.16%	8,435,585	$1.5B	trimmed−1%	−0.13 pp	8 q
ALNYAlnylam Pharmaceuticals, Inc.	1.14%	6,032,656	$1.5B	trimmed−9%	+0.37 pp	45 q
WDAYWorkday, Inc. Class A	1.14%	6,562,365	$1.5B	trimmed−2%	−0.28 pp	45 q
AMDAdvanced Micro Devices	1.06%	8,403,413	$1.4B	trimmed−5%	−0.18 pp	15 q
DASHDoorDash, Inc. Class A	1.06%	12,497,488	$1.4B	added+1%	−0.27 pp	15 q
DDOGDatadog, Inc. Class A	0.96%	9,493,464	$1.2B	trimmed−1%	+0.03 pp	16 q
MLMMartin Marietta Materials	0.93%	2,205,320	$1.2B	trimmed−3%	−0.16 pp	45 q
WIXWIX.com Ltd.	0.89%	7,187,768	$1.1B	trimmed−5%	+0.08 pp	35 q
ESTCElastic N.V.	0.87%	9,786,427	$1.1B	trimmed−4%	+0.08 pp	8 q
RBLXRoblox Corporation	0.84%	29,142,565	$1.1B	added+2%	−0.01 pp	10 q
MCOMoody's Corporation	0.79%	2,420,852	$1.0B	trimmed−25%	−0.19 pp	45 q
GOOGAlphabet Inc. Class C	0.78%	5,446,945	$999M	trimmed−2%	+0.12 pp	41 q
RYAAYRyanair Holdings plc	0.77%	8,540,879	$994M	trimmed−3%	−0.23 pp	35 q
MAMastercard Incorporated	0.73%	2,130,598	$940M	trimmed−2%	−0.09 pp	45 q
IOTSamsara Inc.	0.72%	27,433,212	$924M	added+18%	+0.04 pp	6 q
SCIService Corporation International	0.72%	12,999,326	$925M	trimmed−2%	−0.05 pp	24 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.71%	5,247,704	$912M	trimmed−18%	+0.04 pp	34 q
ADIAnalog Devices, Inc.	0.62%	3,512,827	$802M	trimmed−2%	+0.07 pp	45 q
ELFe.l.f. Beauty, Inc.	0.62%	3,804,541	$802M	new	+0.62 pp	new
HDBHDFC Bank Limited	0.58%	11,533,215	$742M	added+2%	+0.09 pp	38 q
DUOLDuolingo, Inc. Class A	0.56%	3,416,103	$713M	trimmed−3%	−0.05 pp	12 q
BNTXBioNTech SE	0.52%	8,276,298	$665M	trimmed−1%	−0.08 pp	14 q
CSGPCoStar Group Inc	0.52%	9,051,781	$671M	trimmed−2%	−0.18 pp	32 q
XYZBlock, Inc.	0.51%	10,085,229	$650M	added+46%	+0.05 pp	8 q
WSOWatsco, Inc.	0.51%	1,419,839	$658M	trimmed−3%	+0.02 pp	45 q
AJGArthur J. Gallagher & Co.	0.50%	2,489,266	$645M	trimmed−3%	0.00 pp	27 q
ENPHEnphase Energy, Inc.	0.49%	6,285,059	$627M	added+58%	+0.12 pp	12 q
PBRPetroleo Brasileiro S.a.-petrobras	0.47%	41,653,844	$604M	trimmed−1%	−0.03 pp	31 q
ILMNIllumina Inc	0.46%	5,605,175	$585M	trimmed−2%	−0.15 pp	45 q
TXNTexas Instruments Incorporated	0.45%	2,973,041	$578M	trimmed−0%	+0.05 pp	9 q
ONCBeOne Medicines Ltd.	0.41%	3,681,949	$525M	trimmed−1%	−0.04 pp	34 q
CHWYChewy, Inc.	0.41%	19,333,073	$527M	trimmed−2%	+0.16 pp	21 q
WMSAdvanced Drainage Systems, Inc.	0.39%	3,124,942	$501M	trimmed−2%	−0.04 pp	7 q
MBLYMobileye Global Inc. Class A	0.35%	15,798,945	$444M	trimmed−1%	−0.05 pp	7 q
PINSPinterest, Inc. Class A	0.35%	10,116,139	$446M	added+10%	+0.10 pp	15 q
RIVNRivian Automotive, Inc. Class A	0.35%	33,015,793	$443M	added+30%	+0.13 pp	11 q
SPGIS&P Global Inc.	0.35%	1,007,901	$450M	trimmed−2%	+0.01 pp	17 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.35%	894,006	$455M	added×12.3	+0.32 pp	12 q
KSPIJoint Stock Company Kaspi.kz American Depository Shares	0.34%	3,343,859	$431M	added×2.9	+0.23 pp	2 q
RPRXRoyalty Pharma plc Class A	0.34%	16,352,759	$431M	trimmed−2%	−0.05 pp	10 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.33%	3,885,682	$418M	trimmed−7%	−0.09 pp	5 q
MKLMarkel Group Inc.	0.33%	268,746	$423M	trimmed−1%	+0.01 pp	45 q
AFRMAffirm Holdings, Inc. Class A	0.32%	13,400,426	$405M	trimmed−28%	−0.22 pp	14 q
CBRECbre Group, Inc.	0.32%	4,594,977	$409M	trimmed−2%	−0.03 pp	17 q
ETNEaton Corporation, plc	0.32%	1,300,437	$408M	trimmed−2%	0.00 pp	7 q
SNOWSnowflake Inc.	0.31%	2,924,104	$395M	trimmed−4%	−0.07 pp	16 q
PODDInsulet Corporation	0.30%	1,886,062	$381M	added+31%	+0.11 pp	3 q
SGSweetgreen, Inc.	0.29%	12,326,336	$372M	added+6%	+0.06 pp	8 q
SYMSymbotic Inc. Class A	0.29%	10,660,949	$375M	added+12%	−0.04 pp	2 q
AZOAutoZone, Inc.	0.28%	120,194	$356M	added×28.1	+0.27 pp	9 q
ENTGEntegris Inc	0.28%	2,679,051	$363M	trimmed−2%	−0.02 pp	7 q
TMOThermo Fisher Scientific, Inc.	0.27%	621,516	$344M	trimmed−2%	−0.02 pp	27 q
CPACopa Holdings, S.A.	0.27%	3,601,462	$343M	trimmed−2%	−0.03 pp	45 q
MMYTMakeMyTrip Limited	0.27%	4,072,452	$342M	added+86%	+0.15 pp	30 q
DEDeere & Company	0.26%	880,753	$329M	trimmed−4%	−0.03 pp	18 q
YETIYETI Holdings, Inc.	0.26%	8,838,551	$337M	trimmed−2%	−0.01 pp	5 q
FIXComfort Systems USA, Inc.	0.25%	1,039,407	$316M	trimmed−2%	−0.01 pp	4 q
DNLIDenali Therapeutics Inc.	0.25%	13,763,596	$320M	trimmed−2%	+0.03 pp	27 q
TMETencent Music Entertainment Group	0.24%	22,115,922	$311M	trimmed−16%	+0.01 pp	23 q
ADSKAutodesk Inc	0.23%	1,208,356	$299M	trimmed−4%	−0.02 pp	7 q
WWayfair Inc.	0.23%	5,588,167	$295M	trimmed−2%	−0.07 pp	36 q
XYLXylem Inc	0.23%	2,184,933	$296M	trimmed−25%	−0.06 pp	30 q
AVAVAeroVironment, Inc.	0.21%	1,511,676	$275M	added×2.3	+0.13 pp	45 q
ECLEcolab, Inc.	0.21%	1,114,433	$265M	trimmed−4%	0.00 pp	30 q
BAPCredicorp LTD	0.21%	1,632,852	$263M	added+22%	+0.03 pp	45 q
JOBYJoby Aviation, Inc.	0.21%	52,869,559	$270M	trimmed−2%	−0.01 pp	12 q
MTDMettler-Toledo International	0.20%	181,128	$253M	trimmed−17%	−0.03 pp	45 q
SITESiteOne Landscape Supply, Inc.	0.19%	1,958,384	$238M	trimmed−2%	−0.08 pp	29 q
ODDODDITY Tech Ltd. Class A	0.19%	6,268,817	$246M	trimmed−1%	−0.02 pp	4 q
ADBEAdobe Inc.	0.18%	409,897	$228M	trimmed−1%	+0.02 pp	10 q
ALBAlbemarle Corporation	0.18%	2,476,488	$237M	added0%	−0.07 pp	30 q
FNDFloor & Decor Holdings, Inc.	0.17%	2,164,691	$215M	trimmed−2%	−0.05 pp	7 q
AURAurora Innovation, Inc. Class A	0.16%	72,438,562	$201M	added+78%	+0.07 pp	11 q
CXCemex S.A.B. de C.V.	0.16%	31,985,634	$204M	trimmed−29%	−0.15 pp	45 q
RXRXRecursion Pharmaceuticals, Inc. Class A	0.16%	26,589,936	$199M	added+10%	−0.03 pp	13 q
INSPInspire Medical Systems, Inc.	0.15%	1,426,835	$191M	trimmed−3%	−0.10 pp	15 q
GOOGLAlphabet Inc. Class A	0.14%	987,806	$180M	added+2%	+0.03 pp	36 q
BCBrunswick Corporation	0.14%	2,430,983	$177M	added+88%	+0.04 pp	2 q
GHGuardant Health, Inc.	0.14%	6,093,286	$176M	trimmed−2%	+0.04 pp	3 q
IBNICICI Bank Limited	0.14%	6,193,699	$178M	added+4%	+0.02 pp	45 q
NEOGNeogen Corp	0.14%	11,580,986	$181M	trimmed−2%	0.00 pp	3 q
ROKURoku, Inc. Class A	0.14%	3,005,366	$180M	trimmed−2%	−0.02 pp	22 q
STAAStaar Surgical Co	0.14%	3,682,382	$175M	trimmed−11%	+0.02 pp	31 q
DOCSDoximity, Inc.	0.13%	5,896,526	$165M	trimmed−5%	0.00 pp	8 q
FASTFastenal Co	0.13%	2,701,163	$170M	added+2%	−0.03 pp	44 q
POOLPool Corporation	0.13%	549,134	$169M	trimmed−2%	−0.05 pp	15 q
GRABGrab Holdings Limited Class A	0.13%	46,925,778	$167M	new	+0.13 pp	new
AAPLApple Inc.	0.12%	731,528	$154M	added+14%	+0.03 pp	45 q
COURCoursera, Inc.	0.12%	22,298,328	$160M	trimmed−5%	−0.14 pp	14 q
PGProcter & Gamble Company	0.12%	898,218	$148M	added+4%	+0.01 pp	37 q
SPTSprout Social, Inc Class A	0.11%	3,812,342	$136M	trimmed−6%	−0.08 pp	15 q
YMMFull Truck Alliance Co. Ltd.	0.10%	15,417,727	$124M	trimmed−0%	+0.01 pp	13 q
RELYRemitly Global, Inc.	0.10%	10,169,820	$123M	trimmed−4%	−0.07 pp	7 q
FNFabrinet	0.10%	505,220	$124M	trimmed−3%	+0.02 pp	4 q
CPCanadian Pacific Kansas City Limited	0.09%	1,518,155	$120M	trimmed−17%	−0.04 pp	5 q
CERTCertara, Inc.	0.09%	8,357,301	$116M	trimmed−2%	−0.03 pp	14 q
PENPenumbra, Inc.	0.09%	614,863	$111M	trimmed−3%	−0.02 pp	28 q
PEPPepsiCo, Inc.	0.09%	670,967	$111M	added+2%	0.00 pp	45 q
PBR.APetroleo Brasileiro S.A.-Petrobras	0.08%	7,336,120	$100M	trimmed−0%	−0.01 pp	25 q
INTUIntuit Inc	0.07%	130,533	$86M	trimmed−1%	0.00 pp	11 q
UPSUnited Parcel Service, Inc. Class B	0.07%	657,334	$90M	added+2%	0.00 pp	45 q
BBDBanco Bradesco S.A.	0.06%	32,788,079	$73M	trimmed−4%	−0.02 pp	31 q
SBUXStarbucks Corp	0.06%	929,443	$72M	added+5%	0.00 pp	12 q
VRTXVertex Pharmaceuticals Inc	0.06%	167,616	$79M	new	+0.06 pp	new
MNDYmonday.com Ltd.	0.06%	328,526	$79M	trimmed−3%	0.00 pp	2 q
ABCLAbCellera Biologics Inc.	0.05%	21,911,014	$65M	trimmed−5%	−0.03 pp	14 q
AXONAxon Enterprise, Inc.	0.05%	235,469	$69M	trimmed−25%	−0.03 pp	23 q
BCHBanco de Chile	0.05%	2,671,779	$60M	new	+0.05 pp	new
CGNXCognex Corp	0.05%	1,299,175	$61M	added+12%	+0.01 pp	7 q
EXKExact Sciences Corp	0.05%	1,426,617	$60M	trimmed−16%	−0.04 pp	28 q
JMIAJumia Technologies AG	0.05%	9,106,406	$64M	trimmed−0%	+0.01 pp	21 q
LMNDLemonade, Inc.	0.05%	4,061,391	$67M	trimmed−9%	−0.01 pp	16 q
MKTXMarketAxess Holdings Inc.	0.05%	344,001	$69M	trimmed−18%	−0.02 pp	45 q
ZZillow Group, Inc. Class C	0.05%	1,321,122	$61M	trimmed−18%	−0.01 pp	36 q
AMSCAmerican Superconductor Corp	0.04%	2,214,083	$52M	trimmed−12%	+0.01 pp	16 q
CSCOCisco Systems, Inc. (DE)	0.04%	1,092,004	$52M	added+3%	0.00 pp	17 q
KOCoca-Cola Company	0.04%	856,517	$55M	added+6%	0.00 pp	42 q
DNAGinkgo Bioworks Holdings, Inc.	0.04%	134,425,866	$45M	trimmed−42%	−0.17 pp	12 q
INFYInfosys Limited	0.04%	2,953,147	$55M	added+4%	0.00 pp	42 q
ITUBItau Unibanco Holding S.A.	0.04%	9,125,793	$53M	trimmed−1%	−0.01 pp	45 q
TROWT Rowe Price Group Inc	0.04%	393,301	$45M	added+9%	+0.01 pp	18 q
SANASana Biotechnology, Inc.	0.04%	10,571,200	$58M	trimmed−1%	−0.04 pp	14 q
TXG10x Genomics, Inc. Class A	0.04%	2,742,153	$53M	trimmed−63%	−0.18 pp	18 q
TWSTTwist Bioscience Corporation	0.04%	984,302	$49M	trimmed−20%	+0.01 pp	8 q
FROGJFrog Ltd.	0.04%	1,274,163	$48M	trimmed−13%	−0.01 pp	14 q
APPNAppian Corporation Class A	0.03%	1,443,767	$45M	trimmed−18%	−0.02 pp	22 q
EWEdwards Lifesciences Corp	0.03%	352,303	$33M	trimmed−11%	0.00 pp	23 q
HDHome Depot, Inc.	0.03%	115,633	$40M	added+10%	0.00 pp	4 q
RAMPLiveRamp Holdings, Inc.	0.03%	1,396,913	$43M	trimmed−14%	−0.01 pp	19 q
LULufax Holding Ltd.	0.03%	14,011,971	$33M	added+16%	−0.01 pp	3 q
MPMP Materials Corp.	0.03%	2,819,743	$36M	added+3%	0.00 pp	11 q
NYTNew York Times Co.	0.03%	787,171	$40M	trimmed−4%	0.00 pp	6 q
SDGRSchrodinger, Inc.	0.03%	2,124,968	$41M	trimmed−19%	−0.02 pp	15 q
SEDGSolarEdge Technologies, Inc.	0.03%	1,722,886	$44M	trimmed−1%	−0.07 pp	15 q
TMDXTransMedics Group, Inc.	0.03%	257,466	$39M	trimmed−15%	+0.01 pp	14 q
UPWKUpwork Inc.	0.03%	3,617,011	$39M	trimmed−19%	−0.01 pp	21 q
VIRVir Biotechnology, Inc.	0.03%	3,921,242	$35M	trimmed−1%	0.00 pp	19 q
WRBYWarby Parker Inc.	0.03%	2,235,169	$36M	trimmed−63%	−0.03 pp	12 q
MDTMedtronic plc	0.03%	432,555	$34M	trimmed−8%	0.00 pp	15 q
AMTAmerican Tower Corporation	0.02%	157,785	$31M	trimmed−23%	−0.01 pp	12 q
BLBlackLine, Inc.	0.02%	412,483	$20M	trimmed−32%	−0.01 pp	26 q
BKNGBooking Holdings Inc.	0.02%	5,524	$22M	added+44%	+0.01 pp	17 q
ESEversource Energy	0.02%	503,968	$29M	trimmed−24%	−0.01 pp	34 q
EXAIExscientia Plc	0.02%	4,397,618	$22M	trimmed−4%	0.00 pp	11 q
HSYThe Hershey Company	0.02%	144,011	$26M	added0%	0.00 pp	9 q
IPGPIPG Photonics Corporation	0.02%	279,294	$24M	trimmed−14%	0.00 pp	45 q
BEKEKE Holdings Inc.	0.02%	1,444,247	$20M	trimmed−1%	0.00 pp	16 q
MSAMine Safety Incorporated	0.02%	122,139	$23M	trimmed−6%	0.00 pp	3 q
MCDMcDonald's Corporation	0.02%	116,779	$30M	added+1%	−0.01 pp	45 q
NEENextEra Energy, Inc.	0.02%	337,235	$24M	trimmed−38%	−0.01 pp	17 q
PCRXPacira BioSciences, Inc.	0.02%	806,097	$23M	trimmed−19%	0.00 pp	36 q
PGNYProgyny, Inc.	0.02%	870,997	$25M	trimmed−22%	−0.01 pp	15 q
PLDPrologis, Inc.	0.02%	263,110	$30M	trimmed−23%	−0.01 pp	14 q
REXRRexford Industrial Realty, Inc.	0.02%	454,763	$20M	trimmed−24%	0.00 pp	14 q
RXSTRxSight, Inc.	0.02%	358,215	$22M	added×5.4	+0.02 pp	2 q
VECOVeeco Instruments Inc	0.02%	477,257	$22M	trimmed−31%	0.00 pp	35 q
WABWabtec Inc.	0.02%	169,278	$27M	trimmed−7%	0.00 pp	6 q
ZUOZuora, Inc.	0.02%	2,629,975	$26M	trimmed−37%	−0.01 pp	22 q
BURBurford Capital Limited	0.02%	1,534,668	$20M	added+16%	0.00 pp	13 q
NVCRNovoCure Limited	0.02%	1,687,521	$29M	trimmed−15%	0.00 pp	27 q
CRSPCRISPR Therapeutics AG	0.02%	405,425	$22M	added+2%	0.00 pp	8 q
CYBRCyberark Software LTD/ISRAEL	0.02%	100,991	$28M	trimmed−28%	−0.01 pp	18 q
ADAPYAdaptimmune Theraptcs	0.01%	15,149,203	$15M	trimmed−5%	−0.01 pp	34 q
AEHRAehr Test Systems	0.01%	1,670,590	$19M	added×2.0	0.00 pp	4 q
ARCCAres Capital Corporation	0.01%	913,639	$19M	trimmed−23%	−0.01 pp	17 q
ASNDAscendis Pharma A/S	0.01%	71,071	$10M	trimmed−12%	0.00 pp	15 q
BEAMBeam Therapeutics Inc.	0.01%	623,640	$15M	trimmed−17%	−0.01 pp	15 q
BXSLBlackstone Secured Lending Fund	0.01%	398,415	$12M	new	+0.01 pp	new
BNBrookfield Corporation	0.01%	404,949	$17M	held	—	5 q
9213421DBrookfield Renewable Cor-a	0.01%	529,766	$15M	trimmed−32%	0.00 pp	16 q
CDLXCardlytics, Inc.	0.01%	829,270	$7M	trimmed−12%	0.00 pp	14 q
CSLCarlisle Companies, Inc.	0.01%	41,349	$17M	trimmed−6%	0.00 pp	2 q
KMXCarMax Inc.	0.01%	173,390	$13M	added+26%	0.00 pp	9 q
CRLCharles River Laboratories International, Inc.	0.01%	67,537	$14M	added0%	0.00 pp	9 q
YOUClear Secure, Inc.	0.01%	1,000,000	$19M	held	—	13 q
CDXSCodexis, Inc.	0.01%	2,708,802	$8M	trimmed−21%	0.00 pp	38 q
CCUCompania Cervecerias Unidas S.A.	0.01%	702,978	$8M	trimmed−8%	0.00 pp	6 q
CFLTConfluent, Inc. Class A	0.01%	447,958	$13M	added+1%	0.00 pp	2 q
96669EURDmrc LLC	0.01%	598,322	$19M	trimmed−17%	−0.01 pp	36 q
DCBODocebo Inc.	0.01%	264,234	$10M	added+19%	0.00 pp	14 q
EVEREverQuote, Inc. Class A	0.01%	424,183	$9M	trimmed−45%	0.00 pp	19 q
FCNFTI Consulting, Inc.	0.01%	31,692	$7M	held	—	9 q
FTSFortis Inc.	0.01%	234,386	$9M	trimmed−26%	0.00 pp	17 q
FRPTFreshpet, Inc.	0.01%	50,013	$6M	added+1%	+0.01 pp	13 q
GBDCGolub Capital BDC, Inc.	0.01%	505,959	$8M	added+65%	+0.01 pp	12 q
GGGGraco Inc	0.01%	135,794	$11M	held	—	3 q
IBPInstalled Building Products, Inc.	0.01%	48,993	$10M	held	—	3 q
IONSIonis Pharmaceuticals, Inc.	0.01%	260,254	$12M	trimmed−12%	0.00 pp	35 q
ELThe Estee Lauder Companies Inc. Class A	0.01%	109,022	$12M	trimmed−2%	0.00 pp	35 q
MDBMongoDB, Inc. Class A	0.01%	26,477	$7M	held	—	15 q
NBTXNanobiotix S.A.	0.01%	2,869,030	$14M	held	—	15 q
NKENike, Inc.	0.01%	164,852	$12M	added0%	0.00 pp	15 q
OSCROscar Health, Inc.	0.01%	822,088	$13M	held	—	14 q
PAYCPaycom Software, Inc.	0.01%	74,042	$11M	new	+0.01 pp	new
PYPLPayPal Holdings, Inc.	0.01%	168,489	$10M	added0%	0.00 pp	4 q
PGRProgressive Corporation	0.01%	77,056	$16M	held	—	9 q
QTRXQuanterix Corporation	0.01%	633,460	$8M	added+2%	0.00 pp	14 q
QSQuantumScape Corporation Class A	0.01%	2,332,682	$11M	trimmed−13%	0.00 pp	15 q
RMDResMed Inc.	0.01%	52,559	$10M	trimmed−12%	0.00 pp	32 q
TSLXSixth Street Specialty Lending, Inc.	0.01%	410,054	$9M	added+82%	+0.01 pp	12 q
SKYTSkyWater Technology	0.01%	1,007,449	$8M	added+4%	0.00 pp	3 q
SUISun Communities, Inc	0.01%	86,691	$10M	trimmed−23%	0.00 pp	3 q
TJXTJX Companies, Inc. (The)	0.01%	126,549	$14M	held	—	45 q
TNDMTandem Diabetes Care, Inc.	0.01%	222,386	$9M	trimmed−14%	0.00 pp	24 q
TRUPTrupanion, Inc.	0.01%	565,800	$17M	trimmed−19%	0.00 pp	32 q
VEEVVeeva Systems Inc.	0.01%	50,154	$9M	trimmed−12%	0.00 pp	15 q
WECWEC Energy Group, Inc.	0.01%	135,621	$11M	trimmed−18%	0.00 pp	33 q
WATWaters Corp	0.01%	48,249	$14M	trimmed−5%	0.00 pp	45 q
AMBAAmbarella, Inc.	0.01%	326,236	$18M	trimmed−35%	−0.01 pp	30 q
DLODLocal Limited Class A	0.01%	1,243,991	$10M	trimmed−20%	−0.01 pp	13 q
unresolvedAkili Inc	0.00%	4,665,795	$2M	held	—	8 q
Albemarle Corpconvertible	0.00%	120,000	$5M	held	—	2 q
ALECAlector, Inc.	0.00%	260,442	$1M	trimmed−19%	0.00 pp	22 q
unresolvedAmerican Well Corp Class A	0.00%	74,106	$24,070	held	—	16 q
BUDAnheuser-Busch INBEV SA/NV	0.00%	99	$5,757	held	—	3 q
BCEBCE, Inc.	0.00%	31,257	$1M	held	—	5 q
BANDBandwidth Inc. Class A	0.00%	30,412	$513,354	added+41%	0.00 pp	15 q
CALXCalix, Inc.	0.00%	14,972	$530,458	added+58%	0.00 pp	10 q
GOOSCanada Goose Holdings Inc.	0.00%	119,221	$2M	held	—	4 q
CARGCarGurus, Inc. Class A	0.00%	24,033	$629,665	added+4%	0.00 pp	15 q
CLLSCellectis S.A.	0.00%	707,630	$1M	trimmed−14%	0.00 pp	13 q
CNPCenterPoint Energy, Inc.	0.00%	78,838	$2M	added+19%	0.00 pp	2 q
COINCoinbase Global, Inc. Class A	0.00%	10,484	$2M	added0%	0.00 pp	9 q
EDConsolidated Edison, Inc.	0.00%	11,628	$1M	held	—	33 q
DLRDigital Realty Trust, Inc.	0.00%	6,883	$1M	added+13%	0.00 pp	11 q
EOGEOG Resources, Inc.	0.00%	44,208	$6M	held	—	5 q
VMRKVivmark Residential	0.00%	19,715	$1M	added+13%	0.00 pp	5 q
EXCExelon Corporation	0.00%	95,638	$3M	held	—	33 q
EXFYExpensify, Inc. Class A	0.00%	1,087,405	$2M	added0%	0.00 pp	11 q
FLNCFluence Energy, Inc. Class A	0.00%	2,384	$41,339	added+8%	0.00 pp	2 q
GMABGenmab A/S	0.00%	54	$1,357	added+13%	0.00 pp	3 q
GTLBGitLab Inc. Class A	0.00%	93,382	$5M	added0%	0.00 pp	9 q
GMEDGlobus Medical Inc	0.00%	91,084	$6M	added0%	0.00 pp	9 q
GRALGRAIL, Inc.	0.00%	606	$9,314	new	0.00 pp	new
HCATHealth Catalyst, Inc	0.00%	430,597	$3M	trimmed−20%	0.00 pp	20 q
HRHealthcare Realty Trust Incorporated	0.00%	38,442	$633,524	added+11%	0.00 pp	7 q
DOCHealthpeak Properties, Inc.	0.00%	40,927	$802,169	added+17%	0.00 pp	2 q
HUBBHubbell Incorporated	0.00%	205	$74,923	added+9%	0.00 pp	3 q
INTCIntel Corp	0.00%	700	$21,679	new	0.00 pp	new
LILi Auto Inc.	0.00%	40	$715	held	—	3 q
unresolvedLyell Immunopharma Inc	0.00%	519,998	$753,998	trimmed−21%	0.00 pp	13 q
MTLSMaterialise NV	0.00%	83,119	$416,426	held	—	11 q
MEDPMedpace Holdings, Inc.	0.00%	5,398	$2M	new	0.00 pp	new
NOVTNovanta Inc.	0.00%	5,639	$919,777	added+4%	0.00 pp	13 q
NVONovo-Nordisk A/S	0.00%	44	$6,281	added+69%	0.00 pp	2 q
unresolvedNucana Plc ADR	0.00%	146,360	$377,609	new	0.00 pp	new
RDFNRedfin Corporation	0.00%	16,036	$96,377	added+1%	0.00 pp	28 q
RLAYRelay Therapeutics, Inc.	0.00%	284,058	$2M	trimmed−20%	0.00 pp	16 q
RIORio Tinto plc	0.00%	121	$7,978	trimmed−56%	0.00 pp	9 q
SG7Sage Therapeutics Inc	0.00%	63,333	$687,796	trimmed−22%	0.00 pp	20 q
SVVSavers Value Village, Inc.	0.00%	408,533	$5M	new	0.00 pp	new
SCLXScilex Holding Company	0.00%	523	$1,009	held	—	6 q
SOThe Southern Company	0.00%	22,231	$2M	added+27%	0.00 pp	2 q
SPIRSpire Global, Inc.	0.00%	108,255	$1M	held	—	12 q
unresolvedSutro Biopharma	0.00%	1,848,751	$5M	added0%	−0.01 pp	17 q
TERTeradyne, Inc.	0.00%	290	$43,004	trimmed−100%	−0.37 pp	45 q
unresolvedUnilever Spn.Adr 1:1	0.00%	203	$11,163	trimmed−34%	0.00 pp	2 q
VRNSVaronis Systems, Inc.	0.00%	19,804	$949,998	added+3%	0.00 pp	15 q
WDSWoodside Energy Group Limited	0.00%	33	$621	held	—	3 q
XNCRXencor, Inc.	0.00%	23,530	$445,423	added+3%	0.00 pp	15 q
ZGZillow Group Inc Class A	0.00%	90,705	$4M	trimmed−27%	0.00 pp	38 q
ALTMArcadium Lithium PLC	0.00%	25,996	$87,347	new	0.00 pp	new
CRHCRH Public Limited Company	0.00%	229	$17,170	trimmed−41%	0.00 pp	4 q
SNSharkNinja, Inc.	0.00%	28,048	$2M	new	0.00 pp	new
NYAXNayax Ltd.	0.00%	50,086	$1M	added+1%	0.00 pp	2 q
BIDUBaidu, Inc.	—	−2,573,286	—	exited	−0.21 pp	—
HCPHashiCorp, Inc. Class A	—	−6,621,405	—	exited	−0.14 pp	—
NIONIO Inc.	—	−18,904,985	—	exited	−0.07 pp	—
SWAVShockwave Medical, Inc.	—	−228,064	—	exited	−0.06 pp	—
DLBDolby Laboratories, Inc.Class A	—	−462,473	—	exited	−0.03 pp	—
ZMZoom Communications, Inc. Class A	—	−506,036	—	exited	−0.03 pp	—
CHGGChegg, Inc.	—	−2,579,090	—	exited	−0.02 pp	—
FTVFortive Corporation	—	−76,049	—	exited	−0.01 pp	—
VVISA Inc.	—	−36,646	—	exited	−0.01 pp	—
FVRRFiverr International Ltd.	—	−666,753	—	exited	−0.01 pp	—
SSYSStratasys Inc (ISRAEL)	—	−705,671	—	exited	−0.01 pp	—
BABAAlibaba Group Holding Limited	—	−97	—	exited	0.00 pp	—
BIRDSmartbird, Inc. Class A	—	−532,500	—	exited	0.00 pp	—
LAWCS Disco, Inc.	—	−8,148	—	exited	0.00 pp	—
HHHHoward Hughes Holdings Inc.	—	−3,215	—	exited	0.00 pp	—
PUKPrudential PLC	—	−49	—	exited	0.00 pp	—
SCHWThe Charles Schwab Corporation	—	−9,074	—	exited	0.00 pp	—
LILMFLilium N.v. Ord A	—	−16,183	—	exited	0.00 pp	—