Baillie Gifford

Q1 2026 13F

As of: Mar 31, 2026
Filed: May 8, 2026
US stock: $97.9B · prev $120.3B
Positions: 271 · prev 266
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%

Moves265 since the prior filing

+3.3 pp in · −3.1 pp out

New 16 +0.92 pp
Added 63 +2.34 pp
Trimmed 175 −2.11 pp
Exited 11 −1.02 pp

The book

Focused · behaves like 40 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 21% a year, about 4.9 years per position

Low
Moderate
High

Top 5 positions27% of US stock

Positions271 in this filing · 11 exited


NVDANvidia Corp	7.26%	40,748,665	$7.1B	trimmed−7%	+0.46 pp	41 q
AMZNAmazon.Com Inc	5.98%	28,092,199	$5.9B	trimmed−4%	+0.34 pp	52 q
MELIMercado Libre, Inc	5.71%	3,233,259	$5.6B	trimmed−7%	−0.12 pp	52 q
SPOTSpotify Technology S.A.	4.07%	8,218,203	$4.0B	trimmed−1%	+0.05 pp	32 q
NUNu Holdings Ltd.	3.62%	246,564,454	$3.5B	trimmed−4%	+0.04 pp	18 q
SHOPShopify Inc. Class A subordinate voting shares	3.52%	29,021,841	$3.4B	trimmed−7%	−0.65 pp	35 q
NETCloudflare, Inc. Class A, par value $0.001 per share	3.36%	15,924,423	$3.3B	trimmed−5%	+0.60 pp	24 q
SESea Limited	3.35%	39,654,072	$3.3B	added+2%	−0.76 pp	34 q
PDDPDD Holdings Inc.	2.96%	28,353,099	$2.9B	trimmed−9%	+0.04 pp	31 q
APPApplovin Corporation Class A	2.72%	6,700,132	$2.7B	added+9%	−0.73 pp	7 q
METAMeta Platforms, Inc. Class A	2.40%	4,098,821	$2.3B	trimmed−7%	−0.01 pp	52 q
CPNGCoupang, Inc.	2.33%	120,656,242	$2.3B	trimmed−17%	−0.53 pp	21 q
NFLXNetFlix Inc	2.14%	21,805,669	$2.1B	trimmed−41%	−0.74 pp	45 q
IOTSamsara Inc.	1.86%	57,523,792	$1.8B	added+21%	+0.46 pp	13 q
MSFTMicrosoft Corp	1.47%	3,878,029	$1.4B	trimmed−30%	−0.76 pp	52 q
RACEFerrari N.V.	1.32%	3,875,660	$1.3B	trimmed−0%	+0.11 pp	41 q
RBLXRoblox Corporation	1.24%	21,423,012	$1.2B	trimmed−1%	−0.21 pp	17 q
ISRGIntuitive Surgical Inc.	1.21%	2,567,565	$1.2B	added+1%	+0.01 pp	52 q
RKLBRocket Lab Corporation	1.21%	18,428,043	$1.2B	added+3%	+0.18 pp	4 q
DASHDoorDash, Inc. Class A	1.11%	7,241,815	$1.1B	trimmed−9%	−0.39 pp	22 q
AXONAxon Enterprise, Inc.	1.07%	2,459,727	$1.0B	added+50%	+0.29 pp	30 q
MRNAModerna, Inc.	1.04%	19,985,876	$1.0B	trimmed−3%	+0.54 pp	30 q
GOOGAlphabet Inc. Class C	1.03%	3,499,244	$1.0B	trimmed−7%	+0.05 pp	48 q
RDDTReddit, Inc.	1.01%	7,309,109	$984M	added+22%	−0.13 pp	5 q
DXCMDexCom, Inc.	1.00%	15,599,525	$980M	added0%	+0.14 pp	52 q
ENSGThe Ensign Group, Inc.	0.99%	4,826,172	$972M	added+6%	+0.33 pp	7 q
BAPCredicorp LTD	0.95%	2,729,498	$926M	added+90%	+0.61 pp	52 q
PBRPetroleo Brasileiro S.a.-petrobras	0.94%	44,438,548	$922M	added+51%	+0.65 pp	38 q
ALNYAlnylam Pharmaceuticals, Inc.	0.84%	2,493,866	$825M	trimmed−4%	−0.02 pp	52 q
RPRXRoyalty Pharma plc Class A	0.79%	16,155,677	$775M	trimmed−5%	+0.24 pp	17 q
SCIService Corporation International	0.73%	8,605,439	$710M	trimmed−6%	+0.14 pp	31 q
MAMastercard Incorporated	0.70%	1,366,111	$683M	trimmed−7%	+0.01 pp	52 q
TEAMAtlassian Corporation Class A	0.69%	9,963,439	$680M	added+18%	−0.45 pp	15 q
SYMSymbotic Inc. Class A	0.68%	12,479,888	$664M	added0%	+0.06 pp	9 q
RIVNRivian Automotive, Inc. Class A	0.67%	43,821,500	$660M	added0%	−0.05 pp	18 q
MLMMartin Marietta Materials	0.65%	1,087,380	$640M	trimmed−6%	+0.05 pp	52 q
GOOGLAlphabet Inc. Class A	0.57%	1,946,990	$560M	added+2%	+0.07 pp	43 q
MMYTMakeMyTrip Limited	0.57%	15,012,963	$560M	added×2.9	+0.22 pp	37 q
CSGPCoStar Group Inc	0.56%	13,610,922	$549M	added+5%	−0.16 pp	39 q
RYAAYRyanair Holdings plc	0.54%	9,225,175	$533M	trimmed−19%	−0.14 pp	42 q
JOBYJoby Aviation, Inc.	0.53%	62,419,803	$516M	added+26%	−0.01 pp	19 q
DUOLDuolingo, Inc. Class A	0.49%	4,875,810	$481M	added0%	−0.22 pp	19 q
TSLATesla, Inc.	0.49%	1,302,148	$484M	trimmed−3%	−0.01 pp	52 q
MSCIMSCI, Inc.	0.47%	852,357	$459M	added+1%	+0.07 pp	4 q
SQMSociedad Quimica y Minera de Chile SA	0.47%	5,707,211	$462M	trimmed−8%	+0.11 pp	6 q
ELFe.l.f. Beauty, Inc.	0.45%	7,188,005	$436M	added0%	0.00 pp	8 q
MDLNMedline Inc. Class A	0.45%	9,975,775	$444M	trimmed−4%	+0.09 pp	2 q
PODDInsulet Corporation	0.44%	2,029,492	$426M	trimmed−1%	−0.04 pp	10 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.44%	1,282,250	$433M	trimmed−4%	+0.10 pp	41 q
WSOWatsco, Inc.	0.42%	1,137,258	$414M	added+24%	+0.16 pp	52 q
SNOWSnowflake Inc.	0.41%	2,676,434	$404M	trimmed−2%	−0.09 pp	23 q
EOGEOG Resources, Inc.	0.40%	2,718,534	$393M	added×18.9	+0.39 pp	12 q
TEMTempus AI, Inc. Class A	0.40%	8,649,356	$391M	trimmed−1%	−0.03 pp	4 q
TXNTexas Instruments Incorporated	0.40%	2,039,257	$396M	trimmed−6%	+0.09 pp	16 q
KSPIJoint Stock Company Kaspi.kz American Depository Shares	0.39%	5,123,207	$379M	added+10%	+0.09 pp	9 q
DGDollar General Corp.	0.38%	3,152,900	$374M	trimmed−5%	+0.01 pp	4 q
DDOGDatadog, Inc. Class A	0.37%	3,082,099	$364M	trimmed−22%	−0.08 pp	23 q
GHGuardant Health, Inc.	0.36%	3,859,046	$356M	trimmed−21%	−0.06 pp	10 q
ELVElevance Health, Inc.	0.35%	1,172,808	$343M	trimmed−41%	−0.23 pp	46 q
TMOThermo Fisher Scientific, Inc.	0.35%	698,441	$343M	trimmed−9%	−0.02 pp	34 q
CBRECbre Group, Inc.	0.34%	2,488,034	$337M	trimmed−7%	−0.02 pp	24 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.34%	3,037,796	$337M	trimmed−13%	+0.05 pp	12 q
MKLMarkel Group Inc.	0.34%	175,068	$335M	trimmed−7%	0.00 pp	52 q
MCOMoody's Corporation	0.34%	764,266	$333M	added+11%	+0.05 pp	52 q
FIXComfort Systems USA, Inc.	0.32%	225,118	$310M	trimmed−18%	+0.11 pp	11 q
AURAurora Innovation, Inc. Class A	0.31%	73,261,700	$302M	trimmed−2%	+0.07 pp	18 q
CPACopa Holdings, S.A.	0.30%	2,581,625	$293M	trimmed−6%	+0.02 pp	52 q
WMSAdvanced Drainage Systems, Inc.	0.29%	2,047,349	$281M	trimmed−9%	+0.02 pp	14 q
DEDeere & Company	0.29%	505,017	$284M	trimmed−4%	+0.09 pp	25 q
AZOAutoZone, Inc.	0.28%	80,287	$271M	trimmed−7%	+0.04 pp	16 q
PENPenumbra, Inc.	0.28%	840,427	$276M	trimmed−4%	+0.05 pp	35 q
PMPhilip Morris International Inc.	0.28%	1,644,203	$272M	added×53.5	+0.28 pp	7 q
BNBrookfield Corporation	0.27%	6,616,033	$268M	trimmed−6%	0.00 pp	12 q
ONON Semiconductor Corp	0.27%	4,287,304	$265M	trimmed−9%	+0.06 pp	5 q
QXOQXO, Inc.	0.27%	13,624,239	$265M	trimmed−8%	+0.03 pp	3 q
UBERUber Technologies, Inc.	0.27%	3,673,901	$264M	trimmed−7%	0.00 pp	5 q
EQTEqt Corp	0.26%	3,931,051	$250M	added×11.8	+0.25 pp	3 q
UTHRUnited Therapeutics Corp	0.26%	428,127	$254M	added+33%	+0.13 pp	2 q
AFRMAffirm Holdings, Inc. Class A	0.25%	5,302,297	$243M	trimmed−3%	−0.09 pp	21 q
MEDPMedpace Holdings, Inc.	0.25%	503,191	$242M	trimmed−8%	−0.01 pp	8 q
NYTNew York Times Co.	0.25%	2,911,228	$244M	trimmed−4%	+0.08 pp	13 q
FNFabrinet	0.25%	460,496	$240M	trimmed−1%	+0.07 pp	11 q
WIXWIX.com Ltd.	0.25%	2,719,700	$245M	trimmed−5%	0.00 pp	42 q
DNLIDenali Therapeutics Inc.	0.24%	12,066,479	$232M	trimmed−2%	+0.07 pp	34 q
FCXFreeport-McMoran Inc.	0.24%	3,989,551	$235M	new	+0.24 pp	new
ETNEaton Corporation, plc	0.23%	617,366	$221M	trimmed−8%	+0.05 pp	14 q
KNFKnife River Corporation	0.22%	2,668,248	$218M	added+25%	+0.10 pp	3 q
WWayfair Inc.	0.22%	2,862,209	$215M	trimmed−28%	−0.11 pp	43 q
BCBrunswick Corporation	0.21%	2,890,636	$210M	added+72%	+0.11 pp	9 q
SNSharkNinja, Inc.	0.21%	1,939,316	$205M	trimmed−2%	+0.03 pp	8 q
COINCoinbase Global, Inc. Class A	0.20%	1,124,057	$196M	added+36%	+0.04 pp	3 q
SUNBSunbelt Rentals Holdings, Inc.	0.20%	3,111,813	$195M	new	+0.20 pp	new
AVAVAeroVironment, Inc.	0.19%	1,026,741	$188M	trimmed−13%	−0.05 pp	52 q
ECLEcolab, Inc.	0.19%	695,341	$185M	added+1%	+0.04 pp	37 q
ILMNIllumina Inc	0.19%	1,535,106	$189M	trimmed−6%	+0.01 pp	52 q
PAYCPaycom Software, Inc.	0.19%	1,537,278	$187M	trimmed−6%	−0.03 pp	8 q
RELYRemitly Global, Inc.	0.19%	11,818,307	$185M	added+1%	+0.06 pp	14 q
AAPLApple Inc.	0.18%	696,091	$177M	added+5%	+0.03 pp	52 q
LMNDLemonade, Inc.	0.18%	2,766,426	$173M	trimmed−3%	+0.01 pp	23 q
WDAYWorkday, Inc. Class A	0.18%	1,367,978	$178M	trimmed−7%	−0.08 pp	52 q
GRABGrab Holdings Limited Class A	0.18%	46,852,163	$171M	added+1%	−0.01 pp	8 q
HDBHDFC Bank Limited	0.17%	6,538,950	$163M	added+14%	0.00 pp	45 q
ADSKAutodesk Inc	0.16%	649,100	$155M	trimmed−8%	−0.01 pp	14 q
DKNGDraftKings Inc. Class A	0.16%	7,213,257	$156M	trimmed−3%	−0.05 pp	6 q
RBCRBC Bearings Incorporated	0.16%	294,232	$160M	new	+0.16 pp	new
XYZBlock, Inc.	0.16%	2,666,255	$160M	trimmed−73%	−0.37 pp	15 q
BROSDutch Bros Inc.	0.15%	2,994,211	$152M	trimmed−7%	−0.01 pp	7 q
ADIAnalog Devices, Inc.	0.14%	424,629	$135M	trimmed−25%	+0.01 pp	52 q
BBDBanco Bradesco S.A.	0.14%	36,393,155	$133M	trimmed−5%	+0.03 pp	38 q
BZKANZHUN LIMITED American Depository Shares	0.14%	9,948,978	$133M	trimmed−0%	−0.03 pp	5 q
YETIYETI Holdings, Inc.	0.14%	3,695,471	$135M	trimmed−6%	0.00 pp	12 q
CMECME Group Inc.	0.13%	430,242	$127M	trimmed−4%	+0.03 pp	7 q
IBNICICI Bank Limited	0.13%	4,912,767	$127M	added+4%	+0.01 pp	52 q
PGProcter & Gamble Company	0.13%	859,326	$124M	trimmed−4%	+0.02 pp	44 q
VEEVVeeva Systems Inc.	0.13%	734,981	$129M	added×14999.6	+0.13 pp	22 q
FIGFigma, Inc.	0.12%	5,575,059	$118M	trimmed−3%	−0.06 pp	3 q
VISTVista Energy S.A.B. de C.V.	0.12%	1,567,692	$118M	new	+0.12 pp	new
ODDODDITY Tech Ltd. Class A	0.11%	7,815,817	$105M	added+10%	−0.13 pp	11 q
BABAAlibaba Group Holding Limited	0.10%	772,002	$97M	added+4%	+0.01 pp	3 q
BLLNBillionToOne, Inc. Class A	0.10%	1,259,993	$99M	trimmed−1%	+0.01 pp	2 q
ENPHEnphase Energy, Inc.	0.10%	2,494,347	$94M	trimmed−4%	+0.03 pp	19 q
PEPPepsiCo, Inc.	0.10%	627,294	$97M	trimmed−4%	+0.02 pp	52 q
TFIITFI International Inc.	0.10%	896,308	$97M	trimmed−13%	+0.01 pp	6 q
ARMArm Holdings plc	0.09%	611,897	$93M	trimmed−0%	+0.03 pp	3 q
COURCoursera, Inc.	0.09%	14,651,016	$85M	added0%	0.00 pp	21 q
DOCSDoximity, Inc.	0.09%	3,839,627	$89M	added+3%	−0.05 pp	15 q
FASTFastenal Co	0.09%	1,850,889	$86M	trimmed−3%	+0.03 pp	51 q
LINELineage, Inc.	0.09%	2,555,123	$84M	trimmed−8%	+0.01 pp	7 q
TMETencent Music Entertainment Group	0.09%	9,735,914	$90M	trimmed−25%	−0.10 pp	30 q
VRTXVertex Pharmaceuticals Inc	0.09%	199,421	$89M	trimmed−1%	+0.01 pp	8 q
BNTXBioNTech SE	0.08%	882,572	$78M	trimmed−29%	−0.02 pp	21 q
CSCOCisco Systems, Inc. (DE)	0.08%	973,964	$76M	trimmed−3%	+0.02 pp	24 q
JKHYHenry (Jack) & Associates	0.08%	483,759	$76M	trimmed−3%	0.00 pp	4 q
INTUIntuit Inc	0.08%	174,756	$76M	added+33%	+0.01 pp	18 q
WSCWillScot Holdings Corporation Class A	0.08%	4,492,184	$78M	trimmed−5%	+0.01 pp	5 q
ITUBItau Unibanco Holding S.A.	0.07%	8,231,975	$69M	trimmed−15%	+0.01 pp	52 q
MDBMongoDB, Inc. Class A	0.07%	267,331	$65M	held	—	2 q
PBR.APetroleo Brasileiro S.A.-Petrobras	0.07%	3,746,579	$70M	trimmed−1%	+0.03 pp	32 q
RXRXRecursion Pharmaceuticals, Inc. Class A	0.07%	23,675,407	$73M	trimmed−0%	−0.01 pp	20 q
SVVSavers Value Village, Inc.	0.07%	8,661,717	$64M	trimmed−3%	0.00 pp	8 q
ACNAccenture PLC	0.07%	342,732	$68M	added0%	−0.01 pp	4 q
ALBAlbemarle Corporation	0.06%	318,544	$57M	trimmed−10%	+0.02 pp	37 q
KOCoca-Cola Company	0.06%	710,867	$54M	trimmed−7%	+0.02 pp	49 q
FUTUFutu Holdings Limited	0.06%	401,529	$55M	new	+0.06 pp	new
PONYPony AI Inc.	0.06%	6,359,468	$60M	added+1%	−0.02 pp	4 q
SBUXStarbucks Corp	0.06%	625,575	$56M	trimmed−3%	+0.01 pp	19 q
TDWTidewater, Inc.	0.06%	655,393	$55M	new	+0.06 pp	new
TWSTTwist Bioscience Corporation	0.06%	1,215,151	$58M	trimmed−5%	+0.03 pp	15 q
AMSCAmerican Superconductor Corp	0.05%	1,447,419	$49M	trimmed−4%	+0.01 pp	23 q
HDHome Depot, Inc.	0.05%	152,008	$50M	added+1%	+0.01 pp	11 q
SVMSilvercorp Metals Inc.	0.05%	4,235,160	$46M	added0%	+0.02 pp	2 q
SGSweetgreen, Inc.	0.05%	10,315,624	$54M	trimmed−3%	−0.01 pp	15 q
XMTRXometry, Inc. Class A	0.05%	1,122,813	$46M	trimmed−14%	−0.01 pp	6 q
FROGJFrog Ltd.	0.05%	1,016,443	$48M	added+17%	0.00 pp	21 q
AEHRAehr Test Systems	0.04%	1,001,018	$37M	trimmed−22%	+0.02 pp	11 q
EWEdwards Lifesciences Corp	0.04%	440,208	$35M	trimmed−15%	0.00 pp	30 q
MCDMcDonald's Corporation	0.04%	119,343	$37M	trimmed−6%	+0.01 pp	52 q
TROWT Rowe Price Group Inc	0.04%	465,792	$42M	trimmed−4%	0.00 pp	25 q
ZZillow Group, Inc. Class C	0.04%	965,525	$40M	added+31%	0.00 pp	43 q
DLODLocal Limited Class A	0.04%	2,893,905	$38M	trimmed−3%	0.00 pp	20 q
MDTMedtronic plc	0.04%	457,344	$40M	trimmed−4%	0.00 pp	22 q
ALABAstera Labs, Inc.	0.03%	245,128	$27M	trimmed−3%	0.00 pp	4 q
AVGOBroadcom Inc.	0.03%	95,726	$30M	new	+0.03 pp	new
CRCLCircle Internet Group, Inc.	0.03%	350,361	$33M	added+88%	+0.02 pp	4 q
AJGArthur J. Gallagher & Co.	0.03%	133,430	$29M	trimmed−85%	−0.16 pp	34 q
HTFLHeartflow, Inc.	0.03%	1,084,652	$26M	trimmed−64%	−0.04 pp	3 q
IPGPIPG Photonics Corporation	0.03%	269,355	$31M	trimmed−30%	+0.01 pp	52 q
INFYInfosys Limited	0.03%	1,848,420	$25M	trimmed−12%	0.00 pp	49 q
MBLYMobileye Global Inc. Class A	0.03%	4,140,398	$28M	trimmed−44%	−0.03 pp	14 q
PAYXPaychex Inc	0.03%	323,642	$30M	added+6%	0.00 pp	6 q
TMDXTransMedics Group, Inc.	0.03%	305,194	$30M	trimmed−4%	0.00 pp	21 q
UPSTUpstart Holdings, Inc.	0.03%	1,108,295	$28M	added+46%	0.00 pp	2 q
IRENIREN Limited	0.03%	829,161	$28M	added+57%	+0.01 pp	3 q
AMPLAmplitude, Inc. Class A	0.02%	2,634,150	$18M	trimmed−4%	−0.01 pp	5 q
APPNAppian Corporation Class A	0.02%	905,908	$22M	trimmed−4%	−0.01 pp	29 q
BSYBentley Systems, Incorporated Class B	0.02%	445,289	$16M	added+49%	+0.01 pp	3 q
PIImpinj, Inc.	0.02%	174,115	$18M	added+69%	+0.01 pp	2 q
KTOSKratos Defense & Security Solutions, Inc.	0.02%	267,563	$19M	trimmed−5%	0.00 pp	3 q
RAMPLiveRamp Holdings, Inc.	0.02%	911,277	$24M	trimmed−3%	0.00 pp	26 q
LULufax Holding Ltd.	0.02%	8,186,456	$15M	added+3%	0.00 pp	10 q
MPMP Materials Corp.	0.02%	453,871	$22M	trimmed−37%	−0.01 pp	18 q
MRLNMerlin, Inc.	0.02%	2,016,289	$15M	new	+0.02 pp	new
MNSTMonster Beverage Corporation	0.02%	203,706	$15M	trimmed−48%	0.00 pp	7 q
MSIMotorola Solutions, Inc. New	0.02%	37,328	$16M	trimmed−4%	+0.01 pp	3 q
ODFLOld Dominion Freight Line	0.02%	82,159	$16M	trimmed−3%	+0.01 pp	2 q
PRCTPROCEPT BioRobotics Corporation	0.02%	973,502	$24M	trimmed−4%	−0.01 pp	5 q
PGNYProgyny, Inc.	0.02%	1,220,729	$21M	trimmed−3%	−0.01 pp	22 q
RVMDRevolution Medicines, Inc.	0.02%	187,072	$18M	trimmed−4%	+0.01 pp	2 q
SPGIS&P Global Inc.	0.02%	39,807	$17M	trimmed−95%	−0.29 pp	24 q
SANASana Biotechnology, Inc.	0.02%	6,609,065	$19M	held	—	21 q
STOKStoke Therapeutics, Inc.	0.02%	575,182	$19M	added×2.3	+0.01 pp	2 q
TNDMTandem Diabetes Care, Inc.	0.02%	1,089,393	$21M	trimmed−5%	0.00 pp	31 q
UTIUniversal Technical Institute, Inc.	0.02%	566,861	$20M	trimmed−5%	+0.01 pp	3 q
ZTSZoetis Inc.	0.02%	162,231	$19M	added+8%	0.00 pp	2 q
KRNTKornit Digital Ltd.	0.02%	1,501,773	$22M	trimmed−4%	0.00 pp	4 q
ADBEAdobe Inc.	0.01%	48,727	$12M	trimmed−4%	0.00 pp	3 q
Albemarle Corpconvertible	0.01%	120,000	$9M	held	—	9 q
AMTAmerican Tower Corporation	0.01%	50,022	$9M	trimmed−11%	0.00 pp	19 q
ATRAptarGroup, Inc.	0.01%	72,806	$9M	new	+0.01 pp	new
ATATAtour Lifestyle Holdings Limited	0.01%	163,353	$6M	trimmed−8%	0.00 pp	2 q
BCHBanco de Chile	0.01%	274,000	$10M	trimmed−63%	−0.01 pp	8 q
BEAMBeam Therapeutics Inc.	0.01%	385,891	$9M	trimmed−7%	0.00 pp	22 q
BKNGBooking Holdings Inc.	0.01%	2,960	$12M	trimmed−3%	0.00 pp	24 q
BEPCBrookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares	0.01%	224,641	$9M	trimmed−46%	0.00 pp	6 q
BROBrown & Brown, Inc.	0.01%	185,163	$12M	added+11%	0.00 pp	2 q
CDNSCadence Design Systems	0.01%	21,358	$6M	trimmed−26%	0.00 pp	5 q
CPCanadian Pacific Kansas City Limited	0.01%	98,454	$8M	trimmed−68%	−0.01 pp	12 q
CSLCarlisle Companies, Inc.	0.01%	17,131	$6M	trimmed−25%	0.00 pp	9 q
CNPCenterPoint Energy, Inc.	0.01%	328,933	$14M	trimmed−18%	0.00 pp	9 q
CHYMChime Financial, Inc. Class A	0.01%	678,717	$13M	held	—	4 q
CGNXCognex Corp	0.01%	128,078	$6M	trimmed−26%	0.00 pp	14 q
CRWDCrowdStrike Holdings, Inc. Class A	0.01%	26,851	$10M	trimmed−4%	0.00 pp	7 q
DLRDigital Realty Trust, Inc.	0.01%	40,597	$7M	added0%	0.00 pp	18 q
EHEHang Holdings Limited	0.01%	733,150	$7M	trimmed−5%	0.00 pp	2 q
VMRKVivmark Residential	0.01%	112,404	$7M	trimmed−5%	0.00 pp	12 q
EXCExelon Corporation	0.01%	217,869	$11M	trimmed−30%	0.00 pp	40 q
FTSFortis Inc.	0.01%	182,544	$10M	trimmed−31%	0.00 pp	24 q
FNVFranco-Nevada Corporation	0.01%	23,718	$6M	new	+0.01 pp	new
DNAGinkgo Bioworks Holdings, Inc.	0.01%	2,391,649	$15M	held	—	19 q
DOCHealthpeak Properties, Inc.	0.01%	334,821	$6M	trimmed−9%	+0.01 pp	9 q
MSAMine Safety Incorporated	0.01%	50,591	$8M	trimmed−27%	0.00 pp	10 q
MRSHMarsh	0.01%	64,408	$11M	trimmed−26%	0.00 pp	7 q
NEENextEra Energy, Inc.	0.01%	141,615	$13M	trimmed−32%	0.00 pp	24 q
PGRProgressive Corporation	0.01%	36,167	$7M	trimmed−34%	0.00 pp	16 q
QSQuantumScape Corporation Class A	0.01%	1,405,866	$9M	trimmed−4%	0.00 pp	22 q
RBRKRubrik, Inc.	0.01%	165,108	$8M	new	+0.01 pp	new
SDGRSchrodinger, Inc.	0.01%	801,170	$9M	trimmed−4%	0.00 pp	22 q
SOThe Southern Company	0.01%	97,770	$9M	trimmed−37%	0.00 pp	9 q
SNPSSynopsys Inc	0.01%	15,812	$6M	trimmed−25%	0.00 pp	5 q
TTEKTetra Tech Inc	0.01%	313,565	$9M	trimmed−27%	0.00 pp	5 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	20,444	$6M	trimmed−48%	0.00 pp	19 q
WECWEC Energy Group, Inc.	0.01%	95,242	$11M	trimmed−27%	0.00 pp	40 q
WABWabtec Inc.	0.01%	54,000	$13M	trimmed−27%	0.00 pp	13 q
TBBBBBB Foods Inc.	0.01%	194,851	$7M	held	—	4 q
NVCRNovoCure Limited	0.01%	1,071,584	$12M	trimmed−4%	0.00 pp	34 q
ASXASE Technology Holding Co., Ltd.	0.00%	424	$9,192	new	0.00 pp	new
BIDUBaidu, Inc.	0.00%	13	$1,448	trimmed−57%	0.00 pp	3 q
ONCBeOne Medicines Ltd.	0.00%	5	$1,485	trimmed−17%	0.00 pp	3 q
BSLKBolt Projects Hldgs Inc	0.00%	123,290	$14,795	held	—	4 q
Cable One Incconvertible	0.00%	6,202,000	$5M	trimmed−34%	−0.01 pp	4 q
AXIAYAxia Energia S/	0.00%	447	$5,042	added+69%	0.00 pp	2 q
AXICYAxia Energia S/	0.00%	69	$753	held	—	2 q
EIXEdison International	0.00%	18,900	$1M	held	—	6 q
FLKRFranklin FTSE South Korea ETF	0.00%	855	$34,063	new	0.00 pp	new
FRPTFreshpet, Inc.	0.00%	8,464	$499,037	trimmed−64%	0.00 pp	20 q
YMMFull Truck Alliance Co. Ltd.	0.00%	1,158	$9,611	held	—	2 q
HUBBHubbell Incorporated	0.00%	70	$34,352	held	—	5 q
INTCIntel Corp	0.00%	469	$20,697	new	0.00 pp	new
LNNLindsay Corporation	0.00%	137	$16,313	held	—	2 q
MKTXMarketAxess Holdings Inc.	0.00%	29,032	$5M	trimmed−26%	−0.01 pp	52 q
NXTNextpower Inc.	0.00%	420	$50,631	held	—	3 q
NKENike, Inc.	0.00%	676	$35,706	trimmed−99%	−0.01 pp	22 q
NVONovo-Nordisk A/S	0.00%	82	$3,014	trimmed−81%	0.00 pp	9 q
PLPlanet Labs PBC	0.00%	1,637	$45,754	held	—	2 q
PLDPrologis, Inc.	0.00%	35,461	$5M	trimmed−15%	0.00 pp	21 q
RIORio Tinto plc	0.00%	590	$55,041	added+13%	0.00 pp	16 q
RYRoyal Bank of Canada	0.00%	94	$15,147	new	0.00 pp	new
RXSTRxSight, Inc.	0.00%	690,279	$4M	trimmed−0%	−0.01 pp	9 q
SONYSony Group Corporation	0.00%	1,672	$34,611	added+8%	0.00 pp	2 q
STNStantec, Inc.	0.00%	413	$35,590	held	—	7 q
SUISun Communities, Inc	0.00%	38,096	$5M	trimmed−10%	0.00 pp	10 q
TERTeradyne, Inc.	0.00%	153	$45,358	trimmed−55%	0.00 pp	52 q
TTDThe Trade Desk, Inc.	0.00%	150,381	$3M	trimmed−99%	−0.70 pp	31 q
ULUnilever plc	0.00%	382	$21,762	trimmed−6%	0.00 pp	2 q
WRBYWarby Parker Inc.	0.00%	169,148	$4M	trimmed−26%	0.00 pp	19 q
ZGZillow Group Inc Class A	0.00%	45,840	$2M	held	—	45 q
TTETotalEnergies SE	0.00%	230	$20,925	new	0.00 pp	new
BURBurford Capital Limited	0.00%	398,433	$2M	held	—	20 q
CRHCRH Public Limited Company	0.00%	463	$48,670	trimmed−9%	0.00 pp	11 q
AERAercap Holdings N.V.	0.00%	10,791	$1M	trimmed−33%	0.00 pp	4 q
MICCThe Magnum Ice Cream Company N.V.	0.00%	664	$9,927	trimmed−2%	0.00 pp	2 q
FTAIFTAI Aviation Ltd.	—	−2,286,363	—	exited	−0.37 pp	—
CRMSalesforce, Inc.	—	−1,062,815	—	exited	−0.23 pp	—
EPAMEpam Systems, Inc.	—	−1,193,056	—	exited	−0.20 pp	—
MNDYmonday.com Ltd.	—	−723,655	—	exited	−0.09 pp	—
FNDFloor & Decor Holdings, Inc.	—	−1,587,372	—	exited	−0.08 pp	—
SKYTSkyWater Technology	—	−1,564,775	—	exited	−0.02 pp	—
UPWKUpwork Inc.	—	−1,030,754	—	exited	−0.02 pp	—
ESEversource Energy	—	−139,244	—	exited	−0.01 pp	—
EDConsolidated Edison, Inc.	—	−19,093	—	exited	0.00 pp	—
BEKEKE Holdings Inc.	—	−128	—	exited	0.00 pp	—
LILi Auto Inc.	—	−53	—	exited	0.00 pp	—