Baillie Gifford

Q4 2025 13F

As of: Dec 31, 2025
Filed: Jan 23, 2026
US stock: $120.3B · prev $135.0B
Positions: 266 · prev 265
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%

Moves271 since the prior filing

+5.4 pp in · −5.3 pp out

New 22 +0.82 pp
Added 69 +4.60 pp
Trimmed 159 −4.62 pp
Exited 21 −0.72 pp

The book

Focused · behaves like 39 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 19% a year, about 5.2 years per position

Low
Moderate
High

Top 5 positions27% of US stock

Positions266 in this filing · 21 exited


NVDANvidia Corp	6.80%	43,867,705	$8.2B	trimmed−6%	+0.37 pp	40 q
MELIMercado Libre, Inc	5.83%	3,481,563	$7.0B	added+5%	+0.09 pp	51 q
AMZNAmazon.Com Inc	5.64%	29,387,070	$6.8B	trimmed−7%	+0.49 pp	51 q
SHOPShopify Inc. Class A subordinate voting shares	4.17%	31,206,232	$5.0B	trimmed−12%	+0.27 pp	34 q
SESea Limited	4.11%	38,758,791	$4.9B	trimmed−3%	−1.20 pp	33 q
SPOTSpotify Technology S.A.	4.02%	8,331,104	$4.8B	trimmed−4%	−0.48 pp	31 q
NUNu Holdings Ltd.	3.58%	257,256,952	$4.3B	added+2%	+0.60 pp	17 q
APPApplovin Corporation Class A	3.45%	6,166,349	$4.2B	trimmed−1%	+0.13 pp	6 q
PDDPDD Holdings Inc.	2.92%	31,032,323	$3.5B	trimmed−2%	−0.19 pp	30 q
NFLXNetFlix Inc	2.88%	36,940,035	$3.5B	added+1%	−0.36 pp	44 q
CPNGCoupang, Inc.	2.86%	146,122,094	$3.4B	trimmed−3%	−0.73 pp	20 q
NETCloudflare, Inc. Class A, par value $0.001 per share	2.76%	16,823,947	$3.3B	trimmed−23%	−0.71 pp	23 q
METAMeta Platforms, Inc. Class A	2.41%	4,399,233	$2.9B	trimmed−17%	−0.47 pp	51 q
MSFTMicrosoft Corp	2.23%	5,544,839	$2.7B	trimmed−5%	−0.02 pp	51 q
DASHDoorDash, Inc. Class A	1.50%	7,970,062	$1.8B	trimmed−4%	−0.17 pp	21 q
RBLXRoblox Corporation	1.45%	21,543,528	$1.7B	trimmed−8%	−0.94 pp	16 q
IOTSamsara Inc.	1.40%	47,660,513	$1.7B	added+15%	+0.26 pp	12 q
RACEFerrari N.V.	1.21%	3,890,014	$1.5B	trimmed−1%	−0.20 pp	40 q
ISRGIntuitive Surgical Inc.	1.20%	2,551,357	$1.4B	trimmed−2%	+0.34 pp	51 q
TEAMAtlassian Corporation Class A	1.14%	8,431,802	$1.4B	added+4%	+0.18 pp	14 q
RDDTReddit, Inc.	1.14%	5,980,918	$1.4B	trimmed−2%	+0.10 pp	4 q
RKLBRocket Lab Corporation	1.03%	17,851,446	$1.2B	added+47%	+0.60 pp	3 q
GOOGAlphabet Inc. Class C	0.98%	3,750,936	$1.2B	added+29%	+0.46 pp	47 q
ALNYAlnylam Pharmaceuticals, Inc.	0.86%	2,600,979	$1.0B	trimmed−7%	−0.08 pp	51 q
DXCMDexCom, Inc.	0.86%	15,552,587	$1.0B	trimmed−2%	+0.07 pp	51 q
AXONAxon Enterprise, Inc.	0.78%	1,642,578	$933M	added×13.0	+0.71 pp	29 q
CSGPCoStar Group Inc	0.72%	12,933,185	$870M	added+57%	+0.20 pp	38 q
RIVNRivian Automotive, Inc. Class A	0.72%	43,781,355	$863M	trimmed−3%	+0.23 pp	17 q
DUOLDuolingo, Inc. Class A	0.71%	4,861,445	$853M	added+72%	+0.04 pp	18 q
TTDThe Trade Desk, Inc.	0.70%	22,305,995	$847M	trimmed−23%	−0.36 pp	30 q
MAMastercard Incorporated	0.69%	1,464,206	$836M	trimmed−6%	+0.03 pp	51 q
RYAAYRyanair Holdings plc	0.68%	11,343,819	$819M	trimmed−16%	+0.08 pp	41 q
ENSGThe Ensign Group, Inc.	0.66%	4,569,254	$796M	added+62%	+0.30 pp	6 q
SYMSymbotic Inc. Class A	0.62%	12,441,000	$740M	trimmed−2%	+0.11 pp	8 q
MLMMartin Marietta Materials	0.60%	1,159,375	$722M	trimmed−3%	+0.04 pp	51 q
SCIService Corporation International	0.59%	9,161,409	$714M	trimmed−5%	−0.01 pp	30 q
ELVElevance Health, Inc.	0.58%	1,977,899	$693M	trimmed−9%	+0.06 pp	45 q
RPRXRoyalty Pharma plc Class A	0.55%	17,008,768	$657M	trimmed−2%	+0.10 pp	16 q
JOBYJoby Aviation, Inc.	0.54%	49,570,755	$654M	trimmed−2%	−0.06 pp	18 q
XYZBlock, Inc.	0.53%	9,875,845	$643M	trimmed−15%	−0.09 pp	14 q
GOOGLAlphabet Inc. Class A	0.50%	1,907,296	$597M	added×2.7	+0.37 pp	42 q
MRNAModerna, Inc.	0.50%	20,580,514	$607M	trimmed−6%	+0.08 pp	29 q
SNOWSnowflake Inc.	0.50%	2,735,752	$600M	trimmed−2%	+0.03 pp	22 q
TSLATesla, Inc.	0.50%	1,342,801	$604M	trimmed−19%	−0.05 pp	51 q
PODDInsulet Corporation	0.48%	2,048,369	$582M	trimmed−2%	0.00 pp	9 q
DDOGDatadog, Inc. Class A	0.45%	3,961,509	$539M	trimmed−65%	−0.75 pp	22 q
ELFe.l.f. Beauty, Inc.	0.45%	7,177,659	$546M	trimmed−2%	−0.27 pp	7 q
TEMTempus AI, Inc. Class A	0.43%	8,741,442	$516M	trimmed−10%	−0.15 pp	3 q
GHGuardant Health, Inc.	0.42%	4,890,026	$499M	trimmed−5%	+0.18 pp	9 q
MSCIMSCI, Inc.	0.40%	846,844	$486M	added+22%	+0.11 pp	3 q
DGDollar General Corp.	0.37%	3,316,155	$440M	added+2%	+0.12 pp	3 q
TMOThermo Fisher Scientific, Inc.	0.37%	770,868	$447M	added+57%	+0.19 pp	33 q
FTAIFTAI Aviation Ltd.	0.37%	2,286,363	$450M	trimmed−6%	+0.07 pp	3 q
CBRECbre Group, Inc.	0.36%	2,687,007	$432M	trimmed−5%	+0.03 pp	23 q
MDLNMedline Inc. Class A	0.36%	10,410,371	$437M	new	+0.36 pp	new
SQMSociedad Quimica y Minera de Chile SA	0.36%	6,233,717	$429M	trimmed−30%	+0.08 pp	5 q
MMYTMakeMyTrip Limited	0.35%	5,155,036	$423M	added+2%	0.00 pp	36 q
AFRMAffirm Holdings, Inc. Class A	0.34%	5,482,943	$408M	trimmed−7%	+0.02 pp	20 q
MKLMarkel Group Inc.	0.34%	188,437	$405M	trimmed−4%	+0.06 pp	51 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.34%	1,336,491	$406M	trimmed−15%	+0.02 pp	40 q
BAPCredicorp LTD	0.34%	1,432,893	$411M	trimmed−9%	+0.03 pp	51 q
WWayfair Inc.	0.33%	4,002,104	$402M	trimmed−4%	+0.06 pp	42 q
SPGIS&P Global Inc.	0.31%	724,613	$379M	trimmed−5%	+0.04 pp	23 q
TXNTexas Instruments Incorporated	0.31%	2,177,897	$378M	trimmed−5%	0.00 pp	15 q
KSPIJoint Stock Company Kaspi.kz American Depository Shares	0.30%	4,673,083	$365M	trimmed−2%	+0.01 pp	8 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.29%	3,496,366	$353M	trimmed−7%	+0.02 pp	11 q
MCOMoody's Corporation	0.29%	687,046	$351M	trimmed−7%	+0.03 pp	51 q
PBRPetroleo Brasileiro S.a.-petrobras	0.29%	29,523,522	$350M	trimmed−8%	−0.01 pp	37 q
CPACopa Holdings, S.A.	0.28%	2,747,078	$331M	trimmed−1%	+0.04 pp	51 q
WMSAdvanced Drainage Systems, Inc.	0.27%	2,244,014	$325M	trimmed−6%	+0.02 pp	13 q
BNBrookfield Corporation	0.27%	7,013,657	$322M	trimmed−3%	+0.03 pp	11 q
UBERUber Technologies, Inc.	0.27%	3,961,818	$324M	trimmed−5%	−0.03 pp	4 q
MEDPMedpace Holdings, Inc.	0.26%	547,078	$307M	trimmed−6%	+0.04 pp	7 q
WSOWatsco, Inc.	0.26%	917,492	$309M	trimmed−3%	−0.02 pp	51 q
WDAYWorkday, Inc. Class A	0.26%	1,464,991	$315M	trimmed−4%	−0.01 pp	51 q
WIXWIX.com Ltd.	0.25%	2,854,611	$297M	trimmed−1%	−0.13 pp	41 q
AVAVAeroVironment, Inc.	0.24%	1,179,811	$285M	trimmed−34%	−0.18 pp	51 q
AURAurora Innovation, Inc. Class A	0.24%	74,584,590	$286M	trimmed−1%	−0.06 pp	17 q
AZOAutoZone, Inc.	0.24%	86,142	$292M	trimmed−40%	−0.22 pp	15 q
QXOQXO, Inc.	0.24%	14,735,164	$284M	added×162.2	+0.24 pp	2 q
ODDODDITY Tech Ltd. Class A	0.24%	7,122,641	$286M	added+18%	−0.04 pp	10 q
PENPenumbra, Inc.	0.23%	876,325	$272M	trimmed−4%	+0.06 pp	34 q
CRMSalesforce, Inc.	0.23%	1,062,815	$282M	trimmed−5%	+0.03 pp	4 q
PAYCPaycom Software, Inc.	0.22%	1,638,894	$261M	trimmed−4%	−0.04 pp	7 q
FIXComfort Systems USA, Inc.	0.21%	274,742	$256M	trimmed−33%	−0.04 pp	10 q
DKNGDraftKings Inc. Class A	0.21%	7,454,948	$257M	trimmed−3%	0.00 pp	5 q
ONON Semiconductor Corp	0.21%	4,725,516	$256M	trimmed−7%	+0.03 pp	4 q
DEDeere & Company	0.20%	524,786	$244M	trimmed−3%	+0.02 pp	24 q
EPAMEpam Systems, Inc.	0.20%	1,193,056	$244M	trimmed−8%	+0.06 pp	3 q
AJGArthur J. Gallagher & Co.	0.19%	865,260	$224M	trimmed−5%	−0.02 pp	33 q
TMETencent Music Entertainment Group	0.19%	13,042,381	$229M	added0%	−0.03 pp	29 q
GRABGrab Holdings Limited Class A	0.19%	46,212,934	$231M	trimmed−3%	−0.02 pp	7 q
FIGFigma, Inc.	0.18%	5,763,613	$215M	added+94%	+0.07 pp	2 q
ILMNIllumina Inc	0.18%	1,626,776	$213M	trimmed−4%	+0.06 pp	51 q
ETNEaton Corporation, plc	0.18%	673,840	$215M	trimmed−3%	−0.01 pp	13 q
FNFabrinet	0.18%	464,564	$212M	trimmed−16%	+0.03 pp	10 q
SNSharkNinja, Inc.	0.18%	1,988,633	$223M	trimmed−3%	+0.02 pp	7 q
ADSKAutodesk Inc	0.17%	706,289	$209M	trimmed−3%	0.00 pp	13 q
DNLIDenali Therapeutics Inc.	0.17%	12,310,889	$203M	added+6%	+0.05 pp	33 q
HDBHDFC Bank Limited	0.17%	5,746,819	$210M	trimmed−16%	0.00 pp	44 q
BZKANZHUN LIMITED American Depository Shares	0.17%	9,955,584	$203M	added+16%	+0.02 pp	4 q
LMNDLemonade, Inc.	0.17%	2,866,446	$204M	trimmed−3%	+0.05 pp	22 q
NYTNew York Times Co.	0.17%	3,025,119	$210M	trimmed−4%	+0.04 pp	12 q
COINCoinbase Global, Inc. Class A	0.16%	829,081	$187M	added+41%	+0.01 pp	2 q
BROSDutch Bros Inc.	0.16%	3,230,676	$198M	trimmed−8%	+0.02 pp	6 q
AAPLApple Inc.	0.15%	663,344	$180M	trimmed−7%	+0.02 pp	51 q
ECLEcolab, Inc.	0.15%	691,003	$181M	trimmed−3%	+0.01 pp	36 q
DOCSDoximity, Inc.	0.14%	3,711,340	$164M	trimmed−4%	−0.07 pp	14 q
YETIYETI Holdings, Inc.	0.14%	3,945,196	$174M	added+51%	+0.08 pp	11 q
ADIAnalog Devices, Inc.	0.13%	568,465	$154M	trimmed−2%	+0.02 pp	51 q
RELYRemitly Global, Inc.	0.13%	11,658,558	$161M	added+48%	+0.03 pp	13 q
UTHRUnited Therapeutics Corp	0.13%	323,016	$157M	new	+0.13 pp	new
IBNICICI Bank Limited	0.12%	4,709,302	$140M	trimmed−4%	+0.01 pp	51 q
KNFKnife River Corporation	0.12%	2,128,401	$150M	trimmed−3%	−0.01 pp	2 q
BBDBanco Bradesco S.A.	0.11%	38,275,506	$127M	added+37%	+0.04 pp	37 q
PGProcter & Gamble Company	0.11%	896,945	$129M	trimmed−2%	+0.01 pp	43 q
BNTXBioNTech SE	0.10%	1,244,867	$119M	trimmed−84%	−0.48 pp	20 q
BCBrunswick Corporation	0.10%	1,678,211	$125M	trimmed−7%	+0.02 pp	8 q
CMECME Group Inc.	0.10%	446,036	$122M	trimmed−2%	+0.01 pp	6 q
BABAAlibaba Group Holding Limited	0.09%	740,365	$109M	added+99%	+0.04 pp	2 q
BLLNBillionToOne, Inc. Class A	0.09%	1,268,163	$104M	new	+0.09 pp	new
COURCoursera, Inc.	0.09%	14,590,942	$107M	added+97%	+0.03 pp	20 q
MDBMongoDB, Inc. Class A	0.09%	267,331	$112M	new	+0.09 pp	new
TFIITFI International Inc.	0.09%	1,029,871	$107M	added+1%	+0.02 pp	5 q
MNDYmonday.com Ltd.	0.09%	723,655	$107M	added+2%	−0.01 pp	8 q
FNDFloor & Decor Holdings, Inc.	0.08%	1,587,372	$97M	trimmed−4%	−0.01 pp	13 q
JKHYHenry (Jack) & Associates	0.08%	496,603	$91M	added+48%	+0.04 pp	3 q
LINELineage, Inc.	0.08%	2,786,283	$98M	trimmed−6%	0.00 pp	6 q
PEPPepsiCo, Inc.	0.08%	650,222	$93M	trimmed−2%	+0.01 pp	51 q
PONYPony AI Inc.	0.08%	6,301,650	$91M	trimmed−2%	−0.03 pp	3 q
RXRXRecursion Pharmaceuticals, Inc. Class A	0.08%	23,774,972	$97M	trimmed−1%	−0.01 pp	19 q
VRTXVertex Pharmaceuticals Inc	0.08%	201,088	$91M	trimmed−3%	+0.02 pp	7 q
ACNAccenture PLC	0.08%	342,567	$92M	added+49%	+0.04 pp	3 q
ENPHEnphase Energy, Inc.	0.07%	2,587,853	$83M	trimmed−3%	0.00 pp	18 q
HTFLHeartflow, Inc.	0.07%	3,005,998	$88M	held	—	2 q
INTUIntuit Inc	0.07%	131,793	$87M	trimmed−6%	0.00 pp	17 q
SVVSavers Value Village, Inc.	0.07%	8,895,847	$83M	trimmed−4%	−0.02 pp	7 q
WSCWillScot Holdings Corporation Class A	0.07%	4,711,287	$89M	trimmed−3%	−0.01 pp	4 q
ARMArm Holdings plc	0.06%	612,528	$67M	trimmed−4%	−0.01 pp	2 q
CSCOCisco Systems, Inc. (DE)	0.06%	1,006,219	$78M	trimmed−2%	+0.01 pp	23 q
FASTFastenal Co	0.06%	1,908,484	$77M	trimmed−22%	−0.03 pp	50 q
ITUBItau Unibanco Holding S.A.	0.06%	9,654,305	$69M	trimmed−5%	+0.01 pp	51 q
MBLYMobileye Global Inc. Class A	0.06%	7,371,722	$77M	trimmed−32%	−0.05 pp	13 q
SGSweetgreen, Inc.	0.06%	10,666,540	$72M	trimmed−4%	−0.01 pp	14 q
XMTRXometry, Inc. Class A	0.06%	1,306,151	$78M	added+2%	+0.01 pp	5 q
SBUXStarbucks Corp	0.05%	645,865	$54M	trimmed−6%	+0.01 pp	18 q
FROGJFrog Ltd.	0.05%	871,028	$54M	trimmed−11%	+0.02 pp	20 q
ALBAlbemarle Corporation	0.04%	352,618	$50M	trimmed−2%	+0.02 pp	36 q
AMSCAmerican Superconductor Corp	0.04%	1,506,841	$43M	added+6%	−0.02 pp	22 q
KOCoca-Cola Company	0.04%	760,904	$53M	trimmed−1%	0.00 pp	48 q
EWEdwards Lifesciences Corp	0.04%	516,311	$44M	trimmed−10%	+0.01 pp	29 q
HDHome Depot, Inc.	0.04%	150,964	$52M	added+17%	0.00 pp	10 q
PBR.APetroleo Brasileiro S.A.-Petrobras	0.04%	3,768,768	$42M	trimmed−0%	+0.01 pp	31 q
TROWT Rowe Price Group Inc	0.04%	482,941	$49M	trimmed−2%	0.00 pp	24 q
ZZillow Group, Inc. Class C	0.04%	739,270	$50M	added+11%	0.00 pp	42 q
DLODLocal Limited Class A	0.04%	2,996,660	$42M	added+12%	+0.01 pp	19 q
MDTMedtronic plc	0.04%	475,074	$46M	trimmed−1%	+0.01 pp	21 q
AMPLAmplitude, Inc. Class A	0.03%	2,741,880	$32M	added+2%	+0.01 pp	4 q
APPNAppian Corporation Class A	0.03%	941,106	$33M	trimmed−5%	+0.01 pp	28 q
ALABAstera Labs, Inc.	0.03%	252,913	$42M	added+10%	0.00 pp	3 q
INFYInfosys Limited	0.03%	2,107,125	$38M	trimmed−23%	0.00 pp	48 q
MPMP Materials Corp.	0.03%	717,292	$36M	trimmed−25%	−0.02 pp	17 q
MCDMcDonald's Corporation	0.03%	126,880	$39M	trimmed−3%	0.00 pp	51 q
PAYXPaychex Inc	0.03%	304,062	$34M	trimmed−2%	0.00 pp	5 q
PRCTPROCEPT BioRobotics Corporation	0.03%	1,015,978	$32M	added+18%	+0.01 pp	4 q
PGNYProgyny, Inc.	0.03%	1,262,691	$32M	added0%	+0.01 pp	21 q
SVMSilvercorp Metals Inc.	0.03%	4,221,271	$35M	new	+0.03 pp	new
TMDXTransMedics Group, Inc.	0.03%	316,473	$38M	added+21%	+0.01 pp	20 q
TWSTTwist Bioscience Corporation	0.03%	1,276,195	$40M	added+1%	0.00 pp	14 q
UPSTUpstart Holdings, Inc.	0.03%	758,929	$33M	new	+0.03 pp	new
AEHRAehr Test Systems	0.02%	1,290,734	$26M	trimmed−16%	−0.01 pp	10 q
BCHBanco de Chile	0.02%	732,470	$28M	trimmed−22%	0.00 pp	7 q
CPCanadian Pacific Kansas City Limited	0.02%	305,553	$23M	trimmed−32%	0.00 pp	11 q
DNAGinkgo Bioworks Holdings, Inc.	0.02%	2,391,649	$20M	trimmed−26%	−0.01 pp	18 q
IPGPIPG Photonics Corporation	0.02%	383,984	$27M	trimmed−6%	0.00 pp	51 q
KTOSKratos Defense & Security Solutions, Inc.	0.02%	282,562	$21M	added+36%	+0.01 pp	2 q
RAMPLiveRamp Holdings, Inc.	0.02%	939,961	$28M	trimmed−8%	0.00 pp	25 q
LULufax Holding Ltd.	0.02%	7,942,847	$20M	trimmed−6%	−0.01 pp	9 q
MNSTMonster Beverage Corporation	0.02%	389,458	$30M	added+18%	0.00 pp	6 q
SANASana Biotechnology, Inc.	0.02%	6,609,065	$27M	trimmed−42%	−0.01 pp	20 q
SKYTSkyWater Technology	0.02%	1,564,775	$28M	trimmed−4%	0.00 pp	9 q
TNDMTandem Diabetes Care, Inc.	0.02%	1,145,516	$25M	added+2%	+0.01 pp	30 q
UPWKUpwork Inc.	0.02%	1,030,754	$20M	trimmed−13%	0.00 pp	27 q
ZTSZoetis Inc.	0.02%	150,845	$19M	new	+0.02 pp	new
KRNTKornit Digital Ltd.	0.02%	1,565,079	$23M	added+62%	+0.01 pp	3 q
IRENIREN Limited	0.02%	527,686	$20M	trimmed−6%	0.00 pp	2 q
ADBEAdobe Inc.	0.01%	50,514	$18M	held	—	2 q
Albemarle Corpconvertible	0.01%	120,000	$7M	held	—	8 q
AMTAmerican Tower Corporation	0.01%	56,181	$10M	trimmed−14%	0.00 pp	18 q
ATATAtour Lifestyle Holdings Limited	0.01%	176,975	$7M	new	+0.01 pp	new
BEAMBeam Therapeutics Inc.	0.01%	416,224	$12M	added+40%	0.00 pp	21 q
BSYBentley Systems, Incorporated Class B	0.01%	298,295	$11M	added×547.3	+0.01 pp	2 q
BKNGBooking Holdings Inc.	0.01%	3,058	$16M	held	—	23 q
BEPCBrookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares	0.01%	412,931	$16M	trimmed−22%	0.00 pp	5 q
BROBrown & Brown, Inc.	0.01%	166,161	$13M	new	+0.01 pp	new
Cable One Incconvertible	0.01%	9,435,000	$8M	added+28%	+0.01 pp	3 q
CDNSCadence Design Systems	0.01%	29,025	$9M	trimmed−20%	0.00 pp	4 q
CSLCarlisle Companies, Inc.	0.01%	22,884	$7M	trimmed−19%	0.00 pp	8 q
CNPCenterPoint Energy, Inc.	0.01%	400,829	$15M	added+5%	0.00 pp	8 q
CHYMChime Financial, Inc. Class A	0.01%	678,717	$17M	held	—	3 q
CRCLCircle Internet Group, Inc.	0.01%	186,337	$15M	added0%	−0.01 pp	3 q
CGNXCognex Corp	0.01%	173,538	$6M	trimmed−83%	−0.02 pp	13 q
CRWDCrowdStrike Holdings, Inc. Class A	0.01%	27,845	$13M	held	—	6 q
DLRDigital Realty Trust, Inc.	0.01%	40,541	$6M	added×6.3	+0.01 pp	17 q
EHEHang Holdings Limited	0.01%	774,166	$10M	new	+0.01 pp	new
EOGEOG Resources, Inc.	0.01%	144,033	$15M	held	—	11 q
EQTEqt Corp	0.01%	334,040	$18M	added+21%	0.00 pp	2 q
VMRKVivmark Residential	0.01%	118,133	$7M	added+3%	0.00 pp	11 q
ESEversource Energy	0.01%	139,244	$9M	trimmed−37%	0.00 pp	40 q
EXCExelon Corporation	0.01%	309,409	$13M	trimmed−16%	0.00 pp	39 q
FTSFortis Inc.	0.01%	265,404	$14M	trimmed−16%	0.00 pp	23 q
PIImpinj, Inc.	0.01%	102,753	$18M	new	+0.01 pp	new
MSAMine Safety Incorporated	0.01%	69,128	$11M	trimmed−17%	0.00 pp	9 q
MKTXMarketAxess Holdings Inc.	0.01%	39,115	$7M	trimmed−76%	−0.01 pp	51 q
MRSHMarsh	0.01%	87,167	$16M	added+6%	0.00 pp	6 q
MSIMotorola Solutions, Inc. New	0.01%	38,760	$15M	held	—	2 q
NEENextEra Energy, Inc.	0.01%	207,039	$17M	trimmed−20%	0.00 pp	23 q
NKENike, Inc.	0.01%	127,778	$8M	added0%	0.00 pp	21 q
ODFLOld Dominion Freight Line	0.01%	84,962	$13M	new	+0.01 pp	new
PGRProgressive Corporation	0.01%	54,606	$12M	held	—	15 q
QSQuantumScape Corporation Class A	0.01%	1,459,100	$15M	trimmed−15%	−0.01 pp	21 q
RVMDRevolution Medicines, Inc.	0.01%	194,959	$16M	new	+0.01 pp	new
RXSTRxSight, Inc.	0.01%	693,146	$7M	added+1%	+0.01 pp	8 q
SDGRSchrodinger, Inc.	0.01%	835,488	$15M	trimmed−14%	0.00 pp	21 q
SOThe Southern Company	0.01%	154,618	$13M	added+1%	0.00 pp	8 q
STOKStoke Therapeutics, Inc.	0.01%	246,900	$8M	new	+0.01 pp	new
SNPSSynopsys Inc	0.01%	21,166	$10M	trimmed−20%	0.00 pp	4 q
TTEKTetra Tech Inc	0.01%	428,775	$14M	trimmed−18%	0.00 pp	4 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	39,537	$13M	trimmed−19%	0.00 pp	18 q
UTIUniversal Technical Institute, Inc.	0.01%	594,823	$16M	added+2%	0.00 pp	2 q
WECWEC Energy Group, Inc.	0.01%	129,676	$14M	trimmed−1%	0.00 pp	39 q
WABWabtec Inc.	0.01%	73,744	$16M	trimmed−18%	0.00 pp	12 q
TBBBBBB Foods Inc.	0.01%	194,851	$7M	held	—	3 q
NVCRNovoCure Limited	0.01%	1,121,274	$14M	trimmed−0%	0.00 pp	33 q
BIDUBaidu, Inc.	0.00%	30	$3,920	trimmed−9%	0.00 pp	2 q
ONCBeOne Medicines Ltd.	0.00%	6	$1,823	trimmed−25%	0.00 pp	2 q
BSLKBolt Projects Hldgs Inc	0.00%	123,290	$98,509	held	—	3 q
AXIAYAxia Energia S/	0.00%	264	$2,418	new	0.00 pp	new
AXICYAxia Energia S/	0.00%	69	$595	new	0.00 pp	new
EDConsolidated Edison, Inc.	0.00%	19,093	$2M	held	—	39 q
EIXEdison International	0.00%	18,900	$1M	held	—	5 q
FRPTFreshpet, Inc.	0.00%	23,601	$1M	held	—	19 q
YMMFull Truck Alliance Co. Ltd.	0.00%	1,158	$12,425	new	0.00 pp	new
DOCHealthpeak Properties, Inc.	0.00%	367,256	$6M	added×7.1	0.00 pp	8 q
HUBBHubbell Incorporated	0.00%	70	$31,088	added+63%	0.00 pp	4 q
BEKEKE Holdings Inc.	0.00%	128	$2,017	trimmed−100%	−0.01 pp	22 q
LILi Auto Inc.	0.00%	53	$897	trimmed−48%	0.00 pp	9 q
LNNLindsay Corporation	0.00%	137	$16,148	new	0.00 pp	new
NXTNextpower Inc.	0.00%	420	$36,586	added+76%	0.00 pp	2 q
NVONovo-Nordisk A/S	0.00%	437	$22,234	added+39%	0.00 pp	8 q
PMPhilip Morris International Inc.	0.00%	30,741	$5M	added+59%	0.00 pp	6 q
PLPlanet Labs PBC	0.00%	1,637	$32,282	new	0.00 pp	new
PLDPrologis, Inc.	0.00%	41,787	$5M	trimmed−20%	0.00 pp	20 q
RIORio Tinto plc	0.00%	524	$41,936	added+51%	0.00 pp	15 q
SONYSony Group Corporation	0.00%	1,551	$39,706	new	0.00 pp	new
STNStantec, Inc.	0.00%	413	$39,024	held	—	6 q
SUISun Communities, Inc	0.00%	42,273	$5M	trimmed−12%	0.00 pp	9 q
TERTeradyne, Inc.	0.00%	341	$66,004	added+9%	0.00 pp	51 q
ULUnilever plc	0.00%	405	$26,487	new	0.00 pp	new
VEEVVeeva Systems Inc.	0.00%	49	$10,938	added+17%	0.00 pp	21 q
WRBYWarby Parker Inc.	0.00%	230,057	$5M	trimmed−50%	−0.01 pp	18 q
ZGZillow Group Inc Class A	0.00%	45,840	$3M	trimmed−49%	0.00 pp	44 q
BURBurford Capital Limited	0.00%	398,433	$4M	trimmed−43%	−0.01 pp	19 q
CRHCRH Public Limited Company	0.00%	509	$63,523	added+9%	0.00 pp	10 q
AERAercap Holdings N.V.	0.00%	16,092	$2M	held	—	3 q
MICCThe Magnum Ice Cream Company N.V.	0.00%	677	$10,731	new	0.00 pp	new
PINSPinterest, Inc. Class A	—	−7,800,244	—	exited	−0.19 pp	—
CHWYChewy, Inc.	—	−5,517,323	—	exited	−0.17 pp	—
BLDRBuilders FirstSource, Inc.	—	−1,469,801	—	exited	−0.13 pp	—
INSPInspire Medical Systems, Inc.	—	−1,084,350	—	exited	−0.06 pp	—
ABCLAbCellera Biologics Inc.	—	−10,422,966	—	exited	−0.04 pp	—
EXKExact Sciences Corp	—	−763,356	—	exited	−0.03 pp	—
CYBRCyberark Software LTD/ISRAEL	—	−73,731	—	exited	−0.03 pp	—
VECOVeeco Instruments Inc	—	−744,218	—	exited	−0.02 pp	—
CFLTConfluent, Inc. Class A	—	−950,803	—	exited	−0.01 pp	—
EICEagle Point Income Company	—	−553,305	—	exited	−0.01 pp	—
GGGGraco Inc	—	−115,382	—	exited	−0.01 pp	—
PYPLPayPal Holdings, Inc.	—	−124,521	—	exited	−0.01 pp	—
TJXTJX Companies, Inc. (The)	—	−100,957	—	exited	−0.01 pp	—
BUDAnheuser-Busch INBEV SA/NV	—	−119	—	exited	0.00 pp	—
DCBODocebo Inc.	—	−13,359	—	exited	0.00 pp	—
DMXFiShares ESG Advanced MSCI EAFE ETF	—	−35,400	—	exited	0.00 pp	—
TTENTotalenergies SE -spon ADR	—	−138	—	exited	0.00 pp	—
unresolvedUnilever Spn.Adr 1:1	—	−456	—	exited	0.00 pp	—
URIUnited Rentals, Inc.	—	−22	—	exited	0.00 pp	—
WNSWns Holdings Ltd	—	−26	—	exited	0.00 pp	—
UBSUBS Group AG	—	−172	—	exited	0.00 pp	—