Baillie Gifford

Q4 2024 13F

As of: Dec 31, 2024
Filed: Jan 31, 2025
US stock: $130.1B · prev $133.6B
Positions: 271 · prev 277
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%

Moves276 since the prior filing

+2.6 pp in · −2.6 pp out

New 9 +0.40 pp
Added 71 +2.23 pp
Trimmed 181 −2.39 pp
Exited 15 −0.17 pp

The book

Diversified · behaves like 40 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 13% a year, about 7.6 years per position

Low
Moderate
High

Top 5 positions27% of US stock

Positions271 in this filing · 15 exited


AMZNAmazon.Com Inc	6.08%	36,052,157	$7.9B	trimmed−6%	+0.72 pp	47 q
MELIMercado Libre, Inc	5.61%	4,296,426	$7.3B	trimmed−8%	−1.59 pp	47 q
NVDANvidia Corp	5.46%	52,892,836	$7.1B	trimmed−17%	−0.31 pp	36 q
SHOPShopify Inc. Class A subordinate voting shares	4.88%	59,776,512	$6.4B	trimmed−6%	+1.08 pp	30 q
SPOTSpotify Technology S.A.	4.52%	13,157,694	$5.9B	trimmed−16%	+0.23 pp	27 q
SESea Limited	3.34%	40,954,549	$4.3B	added+4%	+0.55 pp	29 q
TTDThe Trade Desk, Inc.	3.18%	35,178,933	$4.1B	trimmed−9%	0.00 pp	26 q
NFLXNetFlix Inc	3.07%	4,475,742	$4.0B	trimmed−5%	+0.57 pp	40 q
PDDPDD Holdings Inc.	2.84%	38,059,343	$3.7B	added+5%	−0.80 pp	26 q
CPNGCoupang, Inc.	2.72%	161,036,432	$3.5B	trimmed−6%	−0.42 pp	16 q
METAMeta Platforms, Inc. Class A	2.65%	5,882,385	$3.4B	trimmed−4%	+0.02 pp	47 q
NETCloudflare, Inc. Class A, par value $0.001 per share	2.64%	31,884,160	$3.4B	trimmed−2%	+0.67 pp	19 q
MSFTMicrosoft Corp	2.39%	7,371,795	$3.1B	added+5%	+0.12 pp	47 q
TSLATesla, Inc.	2.30%	7,422,673	$3.0B	trimmed−41%	−0.18 pp	47 q
RACEFerrari N.V.	1.81%	5,523,914	$2.4B	trimmed−6%	−0.25 pp	36 q
NUNu Holdings Ltd.	1.79%	224,979,342	$2.3B	added+7%	−0.36 pp	13 q
DASHDoorDash, Inc. Class A	1.70%	13,201,359	$2.2B	trimmed−7%	+0.19 pp	17 q
TEAMAtlassian Corporation Class A	1.52%	8,121,059	$2.0B	trimmed−5%	+0.51 pp	10 q
ISRGIntuitive Surgical Inc.	1.52%	3,783,082	$2.0B	trimmed−2%	+0.11 pp	47 q
WDAYWorkday, Inc. Class A	1.26%	6,333,137	$1.6B	trimmed−4%	+0.06 pp	47 q
RBLXRoblox Corporation	1.25%	28,031,724	$1.6B	trimmed−3%	+0.30 pp	12 q
MRNAModerna, Inc.	1.24%	38,889,571	$1.6B	trimmed−8%	−0.88 pp	25 q
DDOGDatadog, Inc. Class A	1.20%	10,905,133	$1.6B	added+16%	+0.39 pp	18 q
IOTSamsara Inc.	1.11%	32,929,387	$1.4B	trimmed−3%	−0.11 pp	8 q
APPApplovin Corporation Class A	1.02%	4,084,496	$1.3B	added×55.2	+1.01 pp	2 q
WIXWIX.com Ltd.	0.93%	5,613,289	$1.2B	trimmed−13%	+0.12 pp	37 q
DXCMDexCom, Inc.	0.87%	14,612,792	$1.1B	trimmed−3%	+0.12 pp	47 q
ELFe.l.f. Beauty, Inc.	0.77%	8,009,434	$1.0B	added+51%	+0.34 pp	3 q
MLMMartin Marietta Materials	0.76%	1,911,320	$987M	trimmed−10%	−0.09 pp	47 q
ALNYAlnylam Pharmaceuticals, Inc.	0.73%	4,040,259	$951M	trimmed−17%	−0.28 pp	47 q
MAMastercard Incorporated	0.73%	1,797,938	$947M	trimmed−13%	−0.03 pp	47 q
RYAAYRyanair Holdings plc	0.73%	21,752,082	$948M	trimmed−8%	−0.07 pp	37 q
XYZBlock, Inc.	0.73%	11,167,806	$949M	added+9%	+0.22 pp	10 q
BNTXBioNTech SE	0.72%	8,220,581	$937M	trimmed−1%	−0.02 pp	16 q
ELVElevance Health, Inc.	0.71%	2,487,384	$918M	trimmed−10%	−0.37 pp	41 q
DUOLDuolingo, Inc. Class A	0.68%	2,740,102	$888M	trimmed−14%	0.00 pp	14 q
SCIService Corporation International	0.68%	11,021,241	$880M	trimmed−12%	−0.06 pp	26 q
ESTCElastic N.V.	0.68%	8,873,903	$879M	trimmed−6%	+0.14 pp	10 q
AMDAdvanced Micro Devices	0.59%	6,350,514	$767M	trimmed−9%	−0.27 pp	17 q
PBRPetroleo Brasileiro S.a.-petrobras	0.55%	55,425,918	$713M	trimmed−11%	−0.12 pp	33 q
ONCBeOne Medicines Ltd.	0.52%	3,671,195	$678M	trimmed−1%	−0.10 pp	36 q
RIVNRivian Automotive, Inc. Class A	0.51%	49,603,446	$660M	trimmed−2%	+0.09 pp	13 q
ADIAnalog Devices, Inc.	0.50%	3,041,266	$646M	trimmed−10%	−0.08 pp	47 q
GOOGAlphabet Inc. Class C	0.49%	3,317,884	$632M	trimmed−13%	+0.01 pp	43 q
PODDInsulet Corporation	0.47%	2,355,683	$615M	added+4%	+0.07 pp	5 q
AFRMAffirm Holdings, Inc. Class A	0.44%	9,378,974	$571M	trimmed−6%	+0.14 pp	16 q
CSGPCoStar Group Inc	0.44%	7,911,598	$566M	trimmed−10%	−0.06 pp	34 q
ENPHEnphase Energy, Inc.	0.44%	8,371,790	$575M	added+32%	−0.10 pp	14 q
CHWYChewy, Inc.	0.43%	16,563,930	$555M	trimmed−11%	+0.02 pp	23 q
AZOAutoZone, Inc.	0.40%	163,089	$522M	added+36%	+0.12 pp	11 q
WSOWatsco, Inc.	0.40%	1,098,081	$520M	trimmed−11%	−0.05 pp	47 q
AURAurora Innovation, Inc. Class A	0.39%	81,004,628	$510M	trimmed−5%	+0.01 pp	13 q
CBRECbre Group, Inc.	0.39%	3,878,912	$509M	trimmed−13%	−0.02 pp	19 q
TXNTexas Instruments Incorporated	0.37%	2,576,225	$483M	trimmed−11%	−0.08 pp	11 q
AJGArthur J. Gallagher & Co.	0.36%	1,628,965	$462M	trimmed−32%	−0.14 pp	29 q
JOBYJoby Aviation, Inc.	0.34%	55,032,165	$447M	added+4%	+0.14 pp	14 q
KSPIJoint Stock Company Kaspi.kz American Depository Shares	0.33%	4,491,504	$425M	trimmed−3%	−0.04 pp	4 q
SPGIS&P Global Inc.	0.33%	853,110	$425M	trimmed−12%	−0.05 pp	19 q
SNOWSnowflake Inc.	0.32%	2,705,776	$418M	trimmed−5%	+0.07 pp	18 q
MMYTMakeMyTrip Limited	0.32%	3,683,542	$414M	trimmed−7%	+0.05 pp	32 q
ILMNIllumina Inc	0.31%	3,018,193	$403M	trimmed−17%	−0.04 pp	47 q
MKLMarkel Group Inc.	0.30%	227,220	$392M	trimmed−12%	0.00 pp	47 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.30%	1,945,432	$384M	trimmed−9%	+0.02 pp	36 q
MCOMoody's Corporation	0.29%	808,968	$383M	trimmed−61%	−0.44 pp	47 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.29%	758,423	$384M	trimmed−12%	−0.09 pp	14 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.28%	4,325,489	$370M	added0%	−0.04 pp	7 q
SGSweetgreen, Inc.	0.28%	11,320,949	$363M	trimmed−5%	−0.04 pp	10 q
RPRXRoyalty Pharma plc Class A	0.28%	14,134,516	$361M	trimmed−12%	−0.06 pp	12 q
AVAVAeroVironment, Inc.	0.25%	2,135,280	$329M	added+9%	−0.04 pp	47 q
BROSDutch Bros Inc.	0.25%	6,137,101	$321M	trimmed−12%	+0.08 pp	2 q
SYMSymbotic Inc. Class A	0.25%	13,904,789	$330M	trimmed−1%	−0.01 pp	4 q
WMSAdvanced Drainage Systems, Inc.	0.24%	2,669,125	$309M	trimmed−12%	−0.12 pp	9 q
YETIYETI Holdings, Inc.	0.23%	7,712,460	$297M	trimmed−10%	−0.03 pp	7 q
BAPCredicorp LTD	0.23%	1,622,326	$297M	trimmed−3%	0.00 pp	47 q
MBLYMobileye Global Inc. Class A	0.22%	14,489,554	$289M	trimmed−7%	+0.06 pp	9 q
TMOThermo Fisher Scientific, Inc.	0.22%	538,857	$280M	trimmed−11%	−0.06 pp	29 q
ADSKAutodesk Inc	0.21%	923,701	$273M	trimmed−16%	−0.02 pp	9 q
WWayfair Inc.	0.21%	6,179,761	$274M	added+14%	−0.02 pp	38 q
CPACopa Holdings, S.A.	0.21%	3,062,247	$269M	trimmed−14%	−0.04 pp	47 q
FIXComfort Systems USA, Inc.	0.20%	605,359	$257M	trimmed−40%	−0.09 pp	6 q
DOCSDoximity, Inc.	0.20%	4,943,742	$264M	trimmed−8%	+0.03 pp	10 q
PINSPinterest, Inc. Class A	0.20%	8,917,829	$259M	trimmed−8%	−0.04 pp	17 q
ETNEaton Corporation, plc	0.20%	797,982	$265M	trimmed−37%	−0.11 pp	9 q
DNLIDenali Therapeutics Inc.	0.19%	12,313,931	$251M	trimmed−8%	−0.10 pp	29 q
DKNGDraftKings Inc. Class A	0.19%	6,633,458	$247M	new	+0.19 pp	new
ODDODDITY Tech Ltd. Class A	0.19%	5,969,581	$251M	trimmed−3%	0.00 pp	6 q
BLDRBuilders FirstSource, Inc.	0.18%	1,663,420	$238M	added+21%	−0.02 pp	2 q
HDBHDFC Bank Limited	0.18%	3,615,750	$231M	trimmed−57%	−0.21 pp	40 q
INSPInspire Medical Systems, Inc.	0.18%	1,256,005	$233M	trimmed−8%	−0.04 pp	17 q
TMETencent Music Entertainment Group	0.18%	20,959,579	$238M	trimmed−3%	−0.01 pp	25 q
SNSharkNinja, Inc.	0.18%	2,430,185	$237M	added+33%	+0.03 pp	3 q
DEDeere & Company	0.17%	509,063	$216M	trimmed−6%	0.00 pp	20 q
ECLEcolab, Inc.	0.17%	950,398	$223M	trimmed−7%	−0.02 pp	32 q
ENTGEntegris Inc	0.17%	2,265,532	$224M	trimmed−13%	−0.05 pp	9 q
SITESiteOne Landscape Supply, Inc.	0.17%	1,640,028	$216M	trimmed−13%	−0.04 pp	31 q
GRABGrab Holdings Limited Class A	0.17%	47,021,709	$222M	added+10%	+0.05 pp	3 q
AAPLApple Inc.	0.16%	820,871	$206M	added+10%	+0.03 pp	47 q
BNBrookfield Corporation	0.16%	3,675,524	$211M	added×9.1	+0.14 pp	7 q
RELYRemitly Global, Inc.	0.16%	9,385,334	$212M	added+2%	+0.07 pp	9 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.16%	7,999,828	$206M	trimmed−8%	+0.03 pp	2 q
ROKURoku, Inc. Class A	0.15%	2,636,614	$196M	trimmed−9%	−0.01 pp	24 q
XYLXylem Inc	0.15%	1,638,523	$190M	trimmed−18%	−0.05 pp	32 q
ALBAlbemarle Corporation	0.14%	2,134,166	$184M	trimmed−11%	−0.03 pp	32 q
CXCemex S.A.B. de C.V.	0.14%	31,697,814	$179M	trimmed−4%	−0.01 pp	47 q
FASTFastenal Co	0.14%	2,578,451	$185M	trimmed−5%	0.00 pp	46 q
FNDFloor & Decor Holdings, Inc.	0.14%	1,839,545	$183M	trimmed−13%	−0.06 pp	9 q
IBNICICI Bank Limited	0.14%	6,088,773	$182M	trimmed−4%	0.00 pp	47 q
LINELineage, Inc.	0.14%	3,098,580	$181M	added+81%	+0.04 pp	2 q
YMMFull Truck Alliance Co. Ltd.	0.13%	15,043,697	$163M	trimmed−2%	+0.03 pp	15 q
GHGuardant Health, Inc.	0.13%	5,449,100	$166M	trimmed−7%	+0.03 pp	5 q
PENPenumbra, Inc.	0.13%	730,233	$173M	added+23%	+0.04 pp	30 q
RXRXRecursion Pharmaceuticals, Inc. Class A	0.13%	24,864,058	$168M	trimmed−1%	+0.01 pp	15 q
GOOGLAlphabet Inc. Class A	0.12%	832,818	$158M	added+2%	+0.02 pp	38 q
PGProcter & Gamble Company	0.12%	943,875	$158M	added+4%	0.00 pp	39 q
TFIITFI International Inc.	0.11%	1,100,441	$149M	new	+0.11 pp	new
BCBrunswick Corporation	0.10%	2,051,194	$133M	trimmed−13%	−0.05 pp	4 q
ENSGThe Ensign Group, Inc.	0.10%	984,609	$131M	trimmed−7%	−0.01 pp	2 q
LMNDLemonade, Inc.	0.10%	3,383,887	$124M	trimmed−9%	+0.05 pp	18 q
NYTNew York Times Co.	0.10%	2,536,795	$132M	added×3.3	+0.07 pp	8 q
NEOGNeogen Corp	0.09%	9,749,003	$118M	trimmed−13%	−0.05 pp	5 q
FNFabrinet	0.09%	553,038	$122M	added+11%	0.00 pp	6 q
AXONAxon Enterprise, Inc.	0.08%	170,750	$101M	trimmed−21%	+0.02 pp	25 q
PEPPepsiCo, Inc.	0.08%	709,186	$108M	added0%	−0.01 pp	47 q
SPTSprout Social, Inc Class A	0.08%	3,494,823	$107M	trimmed−6%	0.00 pp	17 q
CMECME Group Inc.	0.07%	396,944	$92M	added+10%	+0.01 pp	2 q
CPCanadian Pacific Kansas City Limited	0.07%	1,206,416	$87M	trimmed−5%	−0.01 pp	7 q
BCHBanco de Chile	0.06%	3,236,373	$73M	added+24%	+0.01 pp	3 q
COURCoursera, Inc.	0.06%	8,876,535	$75M	trimmed−58%	−0.07 pp	16 q
PBR.APetroleo Brasileiro S.A.-Petrobras	0.06%	6,964,302	$82M	trimmed−3%	−0.01 pp	27 q
UPSUnited Parcel Service, Inc. Class B	0.06%	593,605	$75M	trimmed−10%	−0.01 pp	47 q
ZZillow Group, Inc. Class C	0.06%	987,643	$73M	trimmed−21%	0.00 pp	38 q
MNDYmonday.com Ltd.	0.06%	311,690	$73M	trimmed−3%	−0.01 pp	4 q
BBDBanco Bradesco S.A.	0.05%	30,741,854	$59M	trimmed−4%	−0.01 pp	33 q
CSCOCisco Systems, Inc. (DE)	0.05%	1,088,862	$64M	trimmed−0%	+0.01 pp	19 q
INFYInfosys Limited	0.05%	2,907,660	$64M	trimmed−6%	0.00 pp	44 q
INTUIntuit Inc	0.05%	98,283	$62M	added+1%	0.00 pp	13 q
MKTXMarketAxess Holdings Inc.	0.05%	303,200	$69M	trimmed−5%	−0.01 pp	47 q
SBUXStarbucks Corp	0.05%	737,967	$67M	trimmed−1%	0.00 pp	14 q
VRTXVertex Pharmaceuticals Inc	0.05%	149,838	$60M	added+7%	0.00 pp	3 q
KOCoca-Cola Company	0.04%	852,417	$53M	added0%	−0.01 pp	44 q
EWEdwards Lifesciences Corp	0.04%	706,796	$52M	added×3.4	+0.03 pp	25 q
EXKExact Sciences Corp	0.04%	1,012,727	$57M	trimmed−16%	−0.02 pp	30 q
HDHome Depot, Inc.	0.04%	138,216	$54M	added+20%	0.00 pp	6 q
ITUBItau Unibanco Holding S.A.	0.04%	9,280,586	$46M	trimmed−3%	−0.01 pp	47 q
TROWT Rowe Price Group Inc	0.04%	431,485	$49M	added+11%	+0.01 pp	20 q
SQMSociedad Quimica y Minera de Chile SA	0.04%	1,362,356	$50M	new	+0.04 pp	new
UPWKUpwork Inc.	0.04%	2,799,071	$46M	trimmed−15%	+0.01 pp	23 q
WRBYWarby Parker Inc.	0.04%	2,146,690	$52M	trimmed−2%	+0.01 pp	14 q
ABCLAbCellera Biologics Inc.	0.03%	12,236,465	$36M	trimmed−5%	0.00 pp	16 q
AEHRAehr Test Systems	0.03%	2,023,559	$34M	added+12%	+0.01 pp	6 q
AMSCAmerican Superconductor Corp	0.03%	1,649,790	$41M	trimmed−22%	−0.01 pp	18 q
APPNAppian Corporation Class A	0.03%	1,095,052	$36M	trimmed−21%	−0.01 pp	24 q
CGNXCognex Corp	0.03%	1,267,739	$45M	trimmed−2%	−0.01 pp	9 q
DNAGinkgo Bioworks Holdings, Inc.	0.03%	3,357,386	$33M	trimmed−0%	+0.01 pp	14 q
JMIAJumia Technologies AG	0.03%	8,777,057	$34M	trimmed−3%	−0.01 pp	23 q
RAMPLiveRamp Holdings, Inc.	0.03%	1,416,642	$43M	added+4%	0.00 pp	21 q
LULufax Holding Ltd.	0.03%	14,667,069	$35M	added0%	−0.01 pp	5 q
MCDMcDonald's Corporation	0.03%	147,954	$43M	added+7%	0.00 pp	47 q
SVVSavers Value Village, Inc.	0.03%	3,689,478	$38M	added×6.7	+0.03 pp	3 q
TRUPTrupanion, Inc.	0.03%	701,366	$34M	added+27%	+0.01 pp	34 q
TWSTTwist Bioscience Corporation	0.03%	777,537	$36M	trimmed−7%	0.00 pp	10 q
MDTMedtronic plc	0.03%	517,380	$41M	trimmed−3%	−0.01 pp	17 q
NVCRNovoCure Limited	0.03%	1,161,310	$35M	trimmed−30%	+0.01 pp	29 q
CYBRCyberark Software LTD/ISRAEL	0.03%	123,275	$41M	added+22%	+0.01 pp	20 q
FROGJFrog Ltd.	0.03%	1,194,717	$35M	trimmed−4%	0.00 pp	16 q
BKNGBooking Holdings Inc.	0.02%	5,375	$27M	trimmed−1%	0.00 pp	19 q
ESEversource Energy	0.02%	454,384	$26M	trimmed−15%	−0.01 pp	36 q
HSYThe Hershey Company	0.02%	183,716	$31M	added+28%	0.00 pp	11 q
IPGPIPG Photonics Corporation	0.02%	375,546	$27M	added+34%	0.00 pp	47 q
BEKEKE Holdings Inc.	0.02%	1,317,362	$24M	trimmed−9%	0.00 pp	18 q
MPMP Materials Corp.	0.02%	1,482,473	$23M	trimmed−46%	−0.02 pp	13 q
MRSHMarsh	0.02%	108,919	$23M	added+27%	+0.01 pp	2 q
PAYXPaychex Inc	0.02%	181,359	$25M	new	+0.02 pp	new
PGNYProgyny, Inc.	0.02%	1,332,690	$23M	added+52%	+0.01 pp	17 q
SDGRSchrodinger, Inc.	0.02%	1,054,403	$20M	trimmed−47%	−0.01 pp	17 q
SKYTSkyWater Technology	0.02%	1,665,284	$23M	added+65%	+0.01 pp	5 q
STAAStaar Surgical Co	0.02%	1,153,886	$28M	trimmed−21%	−0.02 pp	33 q
TNDMTandem Diabetes Care, Inc.	0.02%	746,109	$27M	added×3.4	+0.01 pp	26 q
VECOVeeco Instruments Inc	0.02%	778,280	$21M	added+23%	0.00 pp	37 q
WABWabtec Inc.	0.02%	152,782	$29M	trimmed−6%	0.00 pp	8 q
XMTRXometry, Inc. Class A	0.02%	710,196	$30M	new	+0.02 pp	new
AMBAAmbarella, Inc.	0.02%	329,200	$24M	added0%	+0.01 pp	32 q
DLODLocal Limited Class A	0.02%	2,613,514	$29M	added×2.1	+0.01 pp	15 q
ABNBAirbnb, Inc. Class A	0.01%	76,904	$10M	new	+0.01 pp	new
AMTAmerican Tower Corporation	0.01%	76,215	$14M	trimmed−36%	−0.01 pp	14 q
ARCCAres Capital Corporation	0.01%	589,640	$13M	added+72%	0.00 pp	19 q
BEAMBeam Therapeutics Inc.	0.01%	308,236	$8M	trimmed−14%	0.00 pp	17 q
BLBlackLine, Inc.	0.01%	297,953	$18M	trimmed−25%	−0.01 pp	28 q
BXSLBlackstone Secured Lending Fund	0.01%	408,125	$13M	added+74%	0.00 pp	3 q
BEPCBrookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares	0.01%	663,077	$18M	new	+0.01 pp	new
CSLCarlisle Companies, Inc.	0.01%	37,472	$14M	trimmed−5%	0.00 pp	4 q
KMXCarMax Inc.	0.01%	167,309	$14M	trimmed−1%	0.00 pp	11 q
CRLCharles River Laboratories International, Inc.	0.01%	75,411	$14M	added+10%	0.00 pp	11 q
CDXSCodexis, Inc.	0.01%	1,694,025	$8M	trimmed−7%	+0.01 pp	40 q
CFLTConfluent, Inc. Class A	0.01%	451,114	$13M	trimmed−0%	0.00 pp	4 q
CRWDCrowdStrike Holdings, Inc. Class A	0.01%	37,104	$13M	trimmed−1%	0.00 pp	2 q
96669EURDmrc LLC	0.01%	492,530	$18M	trimmed−15%	0.00 pp	38 q
DCBODocebo Inc.	0.01%	236,724	$11M	trimmed−7%	0.00 pp	16 q
EOGEOG Resources, Inc.	0.01%	93,853	$12M	added×2.0	+0.01 pp	7 q
ERIIEnergy Recovery, Inc.	0.01%	1,119,841	$16M	added+28%	0.00 pp	2 q
FTSFortis Inc.	0.01%	242,583	$10M	trimmed−13%	0.00 pp	19 q
FRPTFreshpet, Inc.	0.01%	48,919	$7M	trimmed−5%	0.00 pp	15 q
GGGGraco Inc	0.01%	134,945	$11M	trimmed−1%	0.00 pp	5 q
IBPInstalled Building Products, Inc.	0.01%	47,822	$8M	trimmed−1%	0.00 pp	5 q
MSAMine Safety Incorporated	0.01%	108,897	$18M	trimmed−6%	−0.01 pp	5 q
MDBMongoDB, Inc. Class A	0.01%	29,617	$7M	trimmed−2%	0.00 pp	17 q
MNSTMonster Beverage Corporation	0.01%	303,618	$16M	added+7%	0.00 pp	2 q
NKENike, Inc.	0.01%	180,351	$14M	trimmed−1%	0.00 pp	17 q
OSCROscar Health, Inc.	0.01%	822,088	$11M	held	—	16 q
PAYCPaycom Software, Inc.	0.01%	78,503	$16M	trimmed−1%	0.00 pp	3 q
PYPLPayPal Holdings, Inc.	0.01%	166,823	$14M	trimmed−1%	0.00 pp	6 q
PGRProgressive Corporation	0.01%	67,493	$16M	trimmed−13%	0.00 pp	11 q
PLDPrologis, Inc.	0.01%	63,001	$7M	trimmed−68%	−0.01 pp	16 q
QTRXQuanterix Corporation	0.01%	629,797	$7M	trimmed−1%	0.00 pp	16 q
QSQuantumScape Corporation Class A	0.01%	1,897,654	$10M	trimmed−19%	0.00 pp	17 q
RXSTRxSight, Inc.	0.01%	398,907	$14M	trimmed−5%	−0.01 pp	4 q
SANASana Biotechnology, Inc.	0.01%	10,233,573	$17M	trimmed−0%	−0.02 pp	16 q
TSLXSixth Street Specialty Lending, Inc.	0.01%	306,429	$7M	added+72%	+0.01 pp	14 q
TJXTJX Companies, Inc. (The)	0.01%	122,465	$15M	trimmed−1%	0.00 pp	47 q
TMDXTransMedics Group, Inc.	0.01%	269,836	$17M	added+15%	−0.02 pp	16 q
ZGZillow Group Inc Class A	0.01%	92,025	$7M	added+1%	+0.01 pp	40 q
BURBurford Capital Limited	0.01%	1,487,490	$19M	trimmed−0%	0.00 pp	15 q
ADAPYAdaptimmune Theraptcs	0.00%	11,819,095	$6M	trimmed−30%	−0.01 pp	36 q
Albemarle Corpconvertible	0.00%	120,000	$5M	held	—	4 q
BUDAnheuser-Busch INBEV SA/NV	0.00%	100	$5,007	held	—	5 q
BANDBandwidth Inc. Class A	0.00%	27,017	$459,829	trimmed−10%	0.00 pp	17 q
unresolvedBolt Projects Holdings Inc.	0.00%	2,465,807	$1M	held	—	2 q
CALXCalix, Inc.	0.00%	13,308	$464,050	trimmed−10%	0.00 pp	12 q
GOOSCanada Goose Holdings Inc.	0.00%	115,141	$1M	added0%	0.00 pp	6 q
CDLXCardlytics, Inc.	0.00%	50,413	$187,032	trimmed−91%	0.00 pp	16 q
CARGCarGurus, Inc. Class A	0.00%	21,315	$778,850	trimmed−10%	0.00 pp	17 q
CLLSCellectis S.A.	0.00%	290,429	$522,772	trimmed−58%	0.00 pp	15 q
CNPCenterPoint Energy, Inc.	0.00%	70,923	$2M	trimmed−10%	0.00 pp	4 q
EDConsolidated Edison, Inc.	0.00%	19,093	$2M	added+64%	0.00 pp	35 q
DLRDigital Realty Trust, Inc.	0.00%	6,634	$1M	trimmed−4%	0.00 pp	13 q
EIXEdison International	0.00%	18,900	$2M	new	0.00 pp	new
VMRKVivmark Residential	0.00%	14,831	$1M	trimmed−25%	0.00 pp	7 q
EVEREverQuote, Inc. Class A	0.00%	238,192	$5M	trimmed−10%	0.00 pp	21 q
EXCExelon Corporation	0.00%	86,030	$3M	trimmed−7%	0.00 pp	35 q
EXFYExpensify, Inc. Class A	0.00%	74,307	$248,929	trimmed−92%	0.00 pp	13 q
FCNFTI Consulting, Inc.	0.00%	30,493	$6M	trimmed−3%	−0.01 pp	11 q
GMABGenmab A/S	0.00%	54	$1,127	held	—	5 q
GBDCGolub Capital BDC, Inc.	0.00%	418,858	$6M	added+66%	0.00 pp	14 q
HRHealthcare Realty Trust Incorporated	0.00%	19,628	$332,695	trimmed−49%	0.00 pp	9 q
DOCHealthpeak Properties, Inc.	0.00%	38,027	$770,807	trimmed−7%	0.00 pp	4 q
LILi Auto Inc.	0.00%	112	$2,687	added×2.8	0.00 pp	5 q
MTLSMaterialise NV	0.00%	83,119	$585,158	held	—	13 q
MEDPMedpace Holdings, Inc.	0.00%	14,486	$5M	trimmed−3%	0.00 pp	3 q
NEENextEra Energy, Inc.	0.00%	21,348	$2M	trimmed−93%	−0.02 pp	19 q
NOVTNovanta Inc.	0.00%	5,006	$764,767	trimmed−10%	0.00 pp	15 q
NVONovo-Nordisk A/S	0.00%	53	$4,559	held	—	4 q
unresolvedNucana Plc ADR	0.00%	36,704	$43,678	held	—	3 q
PMPhilip Morris International Inc.	0.00%	11,922	$1M	trimmed−12%	0.00 pp	2 q
REXRRexford Industrial Realty, Inc.	0.00%	9,245	$357,412	trimmed−96%	−0.01 pp	16 q
RIORio Tinto plc	0.00%	319	$18,760	added+13%	0.00 pp	11 q
SCLXScilex Holding Company	0.00%	523	$223	held	—	8 q
SEDGSolarEdge Technologies, Inc.	0.00%	106,977	$1M	trimmed−94%	−0.03 pp	17 q
SOThe Southern Company	0.00%	24,639	$2M	added+11%	0.00 pp	4 q
SPIRSpire Global, Inc.	0.00%	13,259	$186,554	held	—	14 q
STNStantec, Inc.	0.00%	389	$30,504	added+30%	0.00 pp	2 q
SUISun Communities, Inc	0.00%	41,182	$5M	trimmed−44%	−0.01 pp	5 q
unresolvedSutro Biopharma	0.00%	48,791	$89,775	trimmed−97%	0.00 pp	19 q
TERTeradyne, Inc.	0.00%	312	$39,287	added+8%	0.00 pp	47 q
TTENTotalenergies SE -spon ADR	0.00%	58	$3,161	new	0.00 pp	new
unresolvedUnilever Spn.Adr 1:1	0.00%	398	$22,567	added+28%	0.00 pp	4 q
VRNSVaronis Systems, Inc.	0.00%	16,715	$742,647	trimmed−10%	0.00 pp	17 q
VEEVVeeva Systems Inc.	0.00%	110	$23,128	trimmed−99%	0.00 pp	17 q
WECWEC Energy Group, Inc.	0.00%	59,698	$6M	trimmed−58%	−0.01 pp	35 q
XNCRXencor, Inc.	0.00%	20,898	$480,236	trimmed−10%	0.00 pp	17 q
CRHCRH Public Limited Company	0.00%	379	$35,066	trimmed−3%	0.00 pp	6 q
NYAXNayax Ltd.	0.00%	51,247	$2M	added+2%	0.00 pp	4 q
MTDMettler-Toledo International	—	−97,005	—	exited	−0.11 pp	—
ZUOZuora, Inc.	—	−2,454,747	—	exited	−0.02 pp	—
9213421DBrookfield Renewable Cor-a	—	−418,371	—	exited	−0.01 pp	—
EXAIExscientia Plc	—	−3,848,276	—	exited	−0.01 pp	—
VIRVir Biotechnology, Inc.	—	−2,383,029	—	exited	−0.01 pp	—
CRSPCRISPR Therapeutics AG	—	−364,768	—	exited	−0.01 pp	—
ALECAlector, Inc.	—	−78,835	—	exited	0.00 pp	—
ASNDAscendis Pharma A/S	—	−21,403	—	exited	0.00 pp	—
BCEBCE, Inc.	—	−31,257	—	exited	0.00 pp	—
HCATHealth Catalyst, Inc	—	−121,855	—	exited	0.00 pp	—
INTCIntel Corp	—	−700	—	exited	0.00 pp	—
IONSIonis Pharmaceuticals, Inc.	—	−39,581	—	exited	0.00 pp	—
unresolvedLyell Immunopharma Inc	—	−141,949	—	exited	0.00 pp	—
RMDResMed Inc.	—	−15,500	—	exited	0.00 pp	—
TXG10x Genomics, Inc. Class A	—	−40,378	—	exited	0.00 pp	—