Baillie Gifford

Q2 2026 13F

As of: Jun 30, 2026
Filed: Aug 6, 2026
US stock: $110.2B · prev $97.9B
Positions: 273 · prev 271
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%

Moves291 since the prior filing

+12.9 pp in · −12.9 pp out

New 28 +9.04 pp
Added 57 +3.86 pp
Trimmed 180 −12.28 pp
Exited 26 −0.67 pp

The book

Focused · behaves like 36 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 38% a year, about 2.6 years per position

Low
Moderate
High

Top 5 positions29% of US stock

Positions273 in this filing · 26 exited


SPCXSpace Exploration Technologies Corp. Class A	7.97%	51,397,806	$8.8B	new	+7.97 pp	new
NVDANvidia Corp	7.60%	41,888,806	$8.4B	added+3%	+0.34 pp	42 q
AMZNAmazon.Com Inc	5.82%	26,917,866	$6.4B	trimmed−4%	−0.16 pp	53+ q
MELIMercado Libre, Inc	4.68%	3,040,410	$5.2B	trimmed−6%	−1.03 pp	53+ q
SESea Limited	3.34%	38,409,385	$3.7B	trimmed−3%	−0.01 pp	35 q
SPOTSpotify Technology S.A.	3.30%	7,928,451	$3.6B	trimmed−4%	−0.77 pp	33 q
NETCloudflare, Inc. Class A, par value $0.001 per share	3.25%	14,598,594	$3.6B	trimmed−8%	−0.11 pp	25 q
APPApplovin Corporation Class A	3.03%	6,471,615	$3.3B	trimmed−3%	+0.31 pp	8 q
SHOPShopify Inc. Class A subordinate voting shares	2.94%	28,403,600	$3.2B	trimmed−2%	−0.58 pp	36 q
NUNu Holdings Ltd.	2.79%	229,930,331	$3.1B	trimmed−7%	−0.83 pp	19 q
PDDPDD Holdings Inc.	1.84%	26,594,535	$2.0B	trimmed−6%	−1.12 pp	32 q
IOTSamsara Inc.	1.66%	56,358,374	$1.8B	trimmed−2%	−0.20 pp	14 q
METAMeta Platforms, Inc. Class A	1.64%	3,201,546	$1.8B	trimmed−22%	−0.76 pp	53+ q
AXONAxon Enterprise, Inc.	1.56%	3,059,487	$1.7B	added+24%	+0.49 pp	31 q
CPNGCoupang, Inc.	1.24%	78,743,687	$1.4B	trimmed−35%	−1.09 pp	22 q
RACEFerrari N.V.	1.20%	3,570,726	$1.3B	trimmed−8%	−0.12 pp	42 q
MRNAModerna, Inc.	1.16%	18,206,778	$1.3B	trimmed−9%	+0.12 pp	31 q
DASHDoorDash, Inc. Class A	1.14%	6,808,714	$1.3B	trimmed−6%	+0.03 pp	23 q
RDDTReddit, Inc.	1.13%	7,191,302	$1.2B	trimmed−2%	+0.12 pp	6 q
NFLXNetFlix Inc	1.05%	16,173,823	$1.2B	trimmed−26%	−1.09 pp	46 q
RBLXRoblox Corporation	1.04%	21,124,935	$1.1B	trimmed−1%	−0.20 pp	18 q
GOOGAlphabet Inc. Class C	0.99%	3,087,822	$1.1B	trimmed−12%	−0.04 pp	49 q
RKLBRocket Lab Corporation	0.96%	10,384,512	$1.1B	trimmed−44%	−0.25 pp	5 q
MSFTMicrosoft Corp	0.92%	2,713,688	$1.0B	trimmed−30%	−0.55 pp	53+ q
GOOGLAlphabet Inc. Class A	0.91%	2,808,512	$1.0B	added+44%	+0.34 pp	44 q
ISRGIntuitive Surgical Inc.	0.91%	2,524,427	$1.0B	trimmed−2%	−0.30 pp	53+ q
BAPCredicorp LTD	0.91%	2,585,751	$1.0B	trimmed−5%	−0.04 pp	53+ q
DXCMDexCom, Inc.	0.90%	14,801,590	$997M	trimmed−5%	−0.10 pp	53+ q
MAMastercard Incorporated	0.80%	1,726,830	$887M	added+26%	+0.10 pp	53+ q
QXOQXO, Inc.	0.75%	47,867,886	$827M	added×3.5	+0.48 pp	4 q
ENSGThe Ensign Group, Inc.	0.73%	5,029,273	$806M	added+4%	−0.26 pp	8 q
PBRPetroleo Brasileiro S.a.-petrobras	0.71%	48,618,354	$786M	added+9%	−0.23 pp	39 q
MMYTMakeMyTrip Limited	0.71%	14,670,083	$782M	trimmed−2%	+0.14 pp	38 q
RIVNRivian Automotive, Inc. Class A	0.68%	43,210,348	$750M	trimmed−1%	+0.01 pp	19 q
ALNYAlnylam Pharmaceuticals, Inc.	0.67%	2,439,889	$734M	trimmed−2%	−0.17 pp	53+ q
RYRoyal Bank of Canada	0.67%	3,575,634	$740M	added×38038.7	+0.67 pp	2 q
SNOWSnowflake Inc.	0.60%	2,584,361	$658M	trimmed−3%	+0.19 pp	24 q
CRHCRH Public Limited Company	0.58%	5,994,916	$641M	added×12948.0	+0.58 pp	12 q
MLMMartin Marietta Materials	0.52%	991,786	$572M	trimmed−9%	−0.13 pp	53+ q
RPRXRoyalty Pharma plc Class A	0.51%	10,015,578	$562M	trimmed−38%	−0.28 pp	18 q
DUOLDuolingo, Inc. Class A	0.50%	4,824,298	$555M	trimmed−1%	+0.01 pp	20 q
SYMSymbotic Inc. Class A	0.50%	12,263,759	$551M	trimmed−2%	−0.18 pp	10 q
JOBYJoby Aviation, Inc.	0.49%	61,139,048	$545M	trimmed−2%	−0.04 pp	20 q
AVGOBroadcom Inc.	0.47%	1,357,957	$513M	added×14.2	+0.44 pp	2 q
ELFe.l.f. Beauty, Inc.	0.47%	7,048,752	$522M	trimmed−2%	+0.02 pp	9 q
AAPLApple Inc.	0.46%	1,760,591	$509M	added×2.5	+0.28 pp	53+ q
KSPIJoint Stock Company Kaspi.kz American Depository Shares	0.45%	5,779,168	$501M	added+13%	+0.06 pp	10 q
RBCRBC Bearings Incorporated	0.44%	760,468	$490M	added×2.6	+0.28 pp	2 q
AFRMAffirm Holdings, Inc. Class A	0.43%	5,856,569	$478M	added+10%	+0.18 pp	22 q
TEMTempus AI, Inc. Class A	0.43%	8,190,133	$474M	trimmed−5%	+0.03 pp	5 q
WSOWatsco, Inc.	0.43%	1,129,536	$471M	trimmed−1%	+0.01 pp	53+ q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.42%	960,732	$459M	trimmed−25%	−0.02 pp	42 q
TXNTexas Instruments Incorporated	0.42%	1,546,937	$461M	trimmed−24%	+0.02 pp	17 q
MDLNMedline Inc. Class A	0.41%	11,343,036	$447M	added+14%	−0.04 pp	3 q
MSCIMSCI, Inc.	0.40%	796,246	$446M	trimmed−7%	−0.07 pp	5 q
ELVElevance Health, Inc.	0.38%	1,083,237	$419M	trimmed−8%	+0.03 pp	47 q
FIXComfort Systems USA, Inc.	0.38%	212,655	$421M	trimmed−6%	+0.06 pp	12 q
SCIService Corporation International	0.38%	5,553,823	$422M	trimmed−35%	−0.35 pp	32 q
RYAAYRyanair Holdings plc	0.36%	6,136,507	$397M	trimmed−33%	−0.18 pp	43 q
CPACopa Holdings, S.A.	0.35%	2,455,810	$382M	trimmed−5%	+0.05 pp	53+ q
AURAurora Innovation, Inc. Class A	0.34%	55,182,704	$376M	trimmed−25%	+0.03 pp	19 q
CSGPCoStar Group Inc	0.34%	13,154,165	$373M	trimmed−3%	−0.22 pp	40 q
DDOGDatadog, Inc. Class A	0.32%	1,347,370	$351M	trimmed−56%	−0.05 pp	24 q
PMPhilip Morris International Inc.	0.32%	1,957,455	$354M	added+19%	+0.04 pp	8 q
SQMSociedad Quimica y Minera de Chile SA	0.32%	4,731,131	$350M	trimmed−17%	−0.15 pp	7 q
CFRCullen/Frost Bankers Inc.	0.31%	2,233,298	$345M	new	+0.31 pp	new
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.31%	2,674,055	$342M	trimmed−12%	−0.03 pp	13 q
GHGuardant Health, Inc.	0.31%	2,284,127	$343M	trimmed−41%	−0.05 pp	11 q
DGDollar General Corp.	0.30%	2,897,946	$334M	trimmed−8%	−0.08 pp	5 q
AZOAutoZone, Inc.	0.29%	101,423	$324M	added+26%	+0.01 pp	17 q
EOGEOG Resources, Inc.	0.29%	2,450,365	$318M	trimmed−10%	−0.11 pp	13 q
MCOMoody's Corporation	0.29%	717,871	$325M	trimmed−6%	−0.05 pp	53+ q
ONON Semiconductor Corp	0.29%	3,423,880	$324M	trimmed−20%	+0.02 pp	6 q
TMOThermo Fisher Scientific, Inc.	0.29%	645,648	$324M	trimmed−8%	−0.06 pp	35 q
CBRECbre Group, Inc.	0.28%	2,310,972	$311M	trimmed−7%	−0.06 pp	25 q
DNLIDenali Therapeutics Inc.	0.28%	11,960,230	$308M	trimmed−1%	+0.04 pp	35 q
PODDInsulet Corporation	0.28%	2,042,313	$311M	added+1%	−0.16 pp	11 q
MKLMarkel Group Inc.	0.28%	157,923	$308M	trimmed−10%	−0.06 pp	53+ q
TSLATesla, Inc.	0.28%	730,641	$307M	trimmed−44%	−0.21 pp	53+ q
WMSAdvanced Drainage Systems, Inc.	0.26%	1,835,297	$288M	trimmed−10%	−0.03 pp	15 q
TEAMAtlassian Corporation Class A	0.26%	3,658,205	$285M	trimmed−63%	−0.43 pp	16 q
EQTEqt Corp	0.26%	5,472,472	$291M	added+39%	0.00 pp	4 q
KLACKLA Corporation	0.26%	946,638	$286M	new	+0.26 pp	new
SNSharkNinja, Inc.	0.26%	1,912,105	$291M	trimmed−1%	+0.05 pp	9 q
DEDeere & Company	0.25%	428,051	$272M	trimmed−15%	−0.04 pp	26 q
RELYRemitly Global, Inc.	0.25%	12,383,664	$278M	added+5%	+0.06 pp	15 q
WWayfair Inc.	0.24%	2,811,620	$260M	trimmed−2%	+0.02 pp	44 q
BNBrookfield Corporation	0.23%	5,838,391	$249M	trimmed−12%	−0.04 pp	13 q
MEDPMedpace Holdings, Inc.	0.23%	473,211	$251M	trimmed−6%	−0.02 pp	9 q
UBERUber Technologies, Inc.	0.23%	3,483,820	$251M	trimmed−5%	−0.04 pp	6 q
UTHRUnited Therapeutics Corp	0.23%	467,209	$253M	added+9%	−0.03 pp	3 q
ETNEaton Corporation, plc	0.23%	598,890	$255M	trimmed−3%	0.00 pp	15 q
BCBrunswick Corporation	0.21%	2,740,077	$231M	trimmed−5%	0.00 pp	10 q
FCXFreeport-McMoran Inc.	0.21%	3,764,376	$237M	trimmed−6%	−0.03 pp	2 q
ILMNIllumina Inc	0.21%	1,335,846	$235M	trimmed−13%	+0.02 pp	53+ q
KNFKnife River Corporation	0.21%	2,739,232	$229M	added+3%	−0.01 pp	4 q
FNFabrinet	0.21%	415,079	$233M	trimmed−10%	−0.04 pp	12 q
XYZBlock, Inc.	0.20%	2,886,376	$219M	added+8%	+0.04 pp	16 q
SUNBSunbelt Rentals Holdings, Inc.	0.20%	2,948,390	$215M	trimmed−5%	0.00 pp	2 q
ECLEcolab, Inc.	0.19%	734,234	$205M	added+6%	0.00 pp	38 q
BROSDutch Bros Inc.	0.18%	2,738,885	$197M	trimmed−9%	+0.03 pp	8 q
IDXXIdexx Laboratories Inc	0.17%	353,797	$186M	new	+0.17 pp	new
NYTNew York Times Co.	0.17%	2,741,277	$192M	trimmed−6%	−0.08 pp	14 q
VALEVale S.a.	0.17%	12,625,977	$190M	new	+0.17 pp	new
GRABGrab Holdings Limited Class A	0.17%	49,095,164	$185M	added+5%	−0.01 pp	9 q
DKNGDraftKings Inc. Class A	0.16%	7,176,652	$181M	trimmed−1%	0.00 pp	7 q
LMNDLemonade, Inc.	0.16%	2,751,019	$179M	trimmed−1%	−0.02 pp	24 q
VISTVista Energy S.A.B. de C.V.	0.16%	2,727,683	$174M	added+74%	+0.04 pp	2 q
YETIYETI Holdings, Inc.	0.16%	3,601,147	$178M	trimmed−3%	+0.02 pp	13 q
HDBHDFC Bank Limited	0.15%	6,388,689	$165M	trimmed−2%	−0.02 pp	46 q
AVAVAeroVironment, Inc.	0.14%	967,448	$160M	trimmed−6%	−0.05 pp	53+ q
ARMArm Holdings plc	0.14%	441,365	$156M	trimmed−28%	+0.05 pp	4 q
COINCoinbase Global, Inc. Class A	0.14%	1,081,008	$158M	trimmed−4%	−0.06 pp	4 q
ADIAnalog Devices, Inc.	0.13%	361,599	$144M	trimmed−15%	−0.01 pp	53+ q
IBNICICI Bank Limited	0.13%	5,020,717	$146M	added+2%	0.00 pp	53+ q
VEEVVeeva Systems Inc.	0.13%	776,918	$138M	added+6%	0.00 pp	23 q
WDAYWorkday, Inc. Class A	0.13%	1,198,691	$147M	trimmed−12%	−0.05 pp	53+ q
VRTXVertex Pharmaceuticals Inc	0.12%	272,561	$135M	added+37%	+0.03 pp	9 q
BBDBanco Bradesco S.A.	0.11%	34,838,542	$121M	trimmed−4%	−0.03 pp	39 q
BZKANZHUN LIMITED American Depository Shares	0.11%	9,561,126	$123M	trimmed−4%	−0.03 pp	6 q
PAYCPaycom Software, Inc.	0.11%	975,398	$123M	trimmed−37%	−0.08 pp	9 q
PGProcter & Gamble Company	0.11%	819,509	$120M	trimmed−5%	−0.02 pp	45 q
VSTVistra Corp.	0.11%	749,397	$119M	new	+0.11 pp	new
WSCWillScot Holdings Corporation Class A	0.11%	4,184,552	$121M	trimmed−7%	+0.03 pp	6 q
ODDODDITY Tech Ltd. Class A	0.11%	7,735,080	$117M	trimmed−1%	0.00 pp	12 q
ALABAstera Labs, Inc.	0.10%	218,430	$106M	trimmed−11%	+0.07 pp	5 q
BLLNBillionToOne, Inc. Class A	0.10%	901,420	$108M	trimmed−28%	0.00 pp	3 q
EWEdwards Lifesciences Corp	0.10%	1,208,945	$109M	added×2.7	+0.06 pp	31 q
TDWTidewater, Inc.	0.10%	1,670,774	$111M	added×2.5	+0.04 pp	2 q
TWSTTwist Bioscience Corporation	0.10%	1,086,779	$112M	trimmed−11%	+0.04 pp	16 q
WIXWIX.com Ltd.	0.10%	2,542,059	$115M	trimmed−7%	−0.15 pp	43 q
ADSKAutodesk Inc	0.09%	484,358	$94M	trimmed−25%	−0.07 pp	15 q
CSCOCisco Systems, Inc. (DE)	0.09%	863,626	$101M	trimmed−11%	+0.01 pp	25 q
FIGFigma, Inc.	0.09%	5,569,944	$101M	trimmed−0%	−0.03 pp	4 q
INTUIntuit Inc	0.09%	391,208	$102M	added×2.2	+0.01 pp	19 q
LINELineage, Inc.	0.09%	2,274,996	$98M	trimmed−11%	0.00 pp	8 q
XMTRXometry, Inc. Class A	0.09%	1,018,568	$98M	trimmed−9%	+0.04 pp	7 q
COURCoursera, Inc.	0.08%	15,409,837	$87M	added+5%	−0.01 pp	22 q
FASTFastenal Co	0.08%	1,783,810	$86M	trimmed−4%	−0.01 pp	52 q
MDBMongoDB, Inc. Class A	0.08%	267,331	$90M	held	—	3 q
PONYPony AI Inc.	0.08%	12,421,070	$86M	added+95%	+0.02 pp	5 q
RXRXRecursion Pharmaceuticals, Inc. Class A	0.08%	23,487,907	$86M	trimmed−1%	+0.01 pp	21 q
SVVSavers Value Village, Inc.	0.08%	8,610,914	$87M	trimmed−1%	+0.01 pp	9 q
SGSweetgreen, Inc.	0.08%	10,156,071	$89M	trimmed−2%	+0.03 pp	16 q
BABAAlibaba Group Holding Limited	0.07%	796,021	$76M	added+3%	−0.03 pp	4 q
PEPPepsiCo, Inc.	0.07%	603,782	$82M	trimmed−4%	−0.03 pp	53+ q
TFIITFI International Inc.	0.07%	572,278	$82M	trimmed−36%	−0.03 pp	7 q
TMETencent Music Entertainment Group	0.07%	8,632,095	$72M	trimmed−11%	−0.02 pp	31 q
CRCLCircle Internet Group, Inc.	0.06%	976,627	$61M	added×2.8	+0.03 pp	5 q
JKHYHenry (Jack) & Associates	0.06%	464,562	$64M	trimmed−4%	−0.02 pp	5 q
FROGJFrog Ltd.	0.06%	709,572	$64M	trimmed−30%	+0.01 pp	22 q
BNTXBioNTech SE	0.05%	592,380	$55M	trimmed−33%	−0.03 pp	22 q
KOCoca-Cola Company	0.05%	657,301	$53M	trimmed−8%	−0.01 pp	50 q
HDHome Depot, Inc.	0.05%	148,072	$52M	trimmed−3%	0.00 pp	12 q
ITUBItau Unibanco Holding S.A.	0.05%	7,146,490	$58M	trimmed−13%	−0.02 pp	53+ q
PBR.APetroleo Brasileiro S.A.-Petrobras	0.05%	3,662,521	$54M	trimmed−2%	−0.02 pp	33 q
SBUXStarbucks Corp	0.05%	548,926	$56M	trimmed−12%	−0.01 pp	20 q
ALBAlbemarle Corporation	0.04%	296,531	$40M	trimmed−7%	−0.02 pp	38 q
AMSCAmerican Superconductor Corp	0.04%	933,308	$39M	trimmed−36%	−0.01 pp	24 q
FUTUFutu Holdings Limited	0.04%	414,894	$39M	added+3%	−0.02 pp	2 q
AJGArthur J. Gallagher & Co.	0.04%	184,065	$42M	added+38%	+0.01 pp	35 q
RVMDRevolution Medicines, Inc.	0.04%	263,466	$49M	added+41%	+0.02 pp	3 q
SVMSilvercorp Metals Inc.	0.04%	4,461,020	$45M	added+5%	−0.01 pp	3 q
ACNAccenture PLC	0.04%	328,141	$41M	trimmed−4%	−0.03 pp	5 q
MCDMcDonald's Corporation	0.03%	110,979	$30M	trimmed−7%	−0.01 pp	53+ q
PAYXPaychex Inc	0.03%	348,859	$34M	added+8%	0.00 pp	7 q
PGNYProgyny, Inc.	0.03%	1,078,629	$31M	trimmed−12%	+0.01 pp	23 q
RBRKRubrik, Inc.	0.03%	388,021	$31M	added×2.4	+0.02 pp	2 q
UPSTUpstart Holdings, Inc.	0.03%	1,083,157	$38M	trimmed−2%	0.00 pp	3 q
DLODLocal Limited Class A	0.03%	2,552,819	$33M	trimmed−12%	−0.01 pp	21 q
MDTMedtronic plc	0.03%	463,954	$36M	added+1%	−0.01 pp	23 q
IRENIREN Limited	0.03%	746,766	$34M	trimmed−10%	0.00 pp	4 q
AEHRAehr Test Systems	0.02%	203,878	$20M	trimmed−80%	−0.02 pp	12 q
APPNAppian Corporation Class A	0.02%	735,158	$17M	trimmed−19%	0.00 pp	30 q
DNAGinkgo Bioworks Holdings, Inc.	0.02%	2,391,649	$24M	held	—	20 q
HIMSHims & Hers Health, Inc.	0.02%	750,491	$26M	new	+0.02 pp	new
IPGPIPG Photonics Corporation	0.02%	160,499	$19M	trimmed−40%	−0.01 pp	53+ q
PIImpinj, Inc.	0.02%	155,965	$22M	trimmed−10%	0.00 pp	3 q
INFYInfosys Limited	0.02%	1,843,512	$19M	trimmed−0%	−0.01 pp	50 q
KTOSKratos Defense & Security Solutions, Inc.	0.02%	362,296	$18M	added+35%	0.00 pp	4 q
MPMP Materials Corp.	0.02%	357,468	$20M	trimmed−21%	0.00 pp	19 q
PDFSPDF Solutions Inc	0.02%	345,472	$24M	new	+0.02 pp	new
PRCTPROCEPT BioRobotics Corporation	0.02%	911,751	$21M	trimmed−6%	0.00 pp	6 q
STOKStoke Therapeutics, Inc.	0.02%	517,275	$17M	trimmed−10%	0.00 pp	3 q
TMDXTransMedics Group, Inc.	0.02%	267,935	$18M	trimmed−12%	−0.01 pp	22 q
UTIUniversal Technical Institute, Inc.	0.02%	507,700	$22M	trimmed−10%	0.00 pp	4 q
ZZillow Group, Inc. Class C	0.02%	856,240	$27M	trimmed−11%	−0.02 pp	44 q
KRNTKornit Digital Ltd.	0.02%	1,302,546	$21M	trimmed−13%	0.00 pp	5 q
Albemarle Corpconvertible	0.01%	120,000	$7M	held	—	10 q
AMTAmerican Tower Corporation	0.01%	45,876	$8M	trimmed−8%	0.00 pp	20 q
AMPLAmplitude, Inc. Class A	0.01%	1,779,555	$14M	trimmed−32%	−0.01 pp	6 q
BCHBanco de Chile	0.01%	274,045	$11M	added0%	0.00 pp	9 q
BEAMBeam Therapeutics Inc.	0.01%	314,228	$11M	trimmed−19%	0.00 pp	23 q
BSYBentley Systems, Incorporated Class B	0.01%	252,137	$8M	trimmed−43%	−0.01 pp	4 q
BRK.BBERKSHIRE HATHAWAY Class B	0.01%	28,779	$14M	new	+0.01 pp	new
BKNGBooking Holdings Inc.	0.01%	37,987	$7M	trimmed−49%	0.00 pp	25 q
BEPCBrookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares	0.01%	152,397	$6M	trimmed−32%	0.00 pp	7 q
BROBrown & Brown, Inc.	0.01%	105,391	$7M	trimmed−43%	0.00 pp	3 q
CPCanadian Pacific Kansas City Limited	0.01%	98,947	$9M	added+1%	0.00 pp	13 q
CNPCenterPoint Energy, Inc.	0.01%	230,995	$10M	trimmed−30%	0.00 pp	10 q
CHYMChime Financial, Inc. Class A	0.01%	678,717	$14M	held	—	5 q
DLRDigital Realty Trust, Inc.	0.01%	33,102	$6M	trimmed−18%	0.00 pp	19 q
DOCSDoximity, Inc.	0.01%	643,675	$13M	trimmed−83%	−0.08 pp	16 q
VMRKVivmark Residential	0.01%	90,141	$6M	trimmed−20%	0.00 pp	13 q
FTSFortis Inc.	0.01%	112,306	$6M	trimmed−38%	0.00 pp	25 q
FNVFranco-Nevada Corporation	0.01%	29,148	$6M	added+23%	0.00 pp	2 q
DOCHealthpeak Properties, Inc.	0.01%	265,101	$6M	trimmed−21%	0.00 pp	10 q
INTCIntel Corp	0.01%	75,295	$11M	added×160.5	+0.01 pp	2 q
MRLNMerlin, Inc.	0.01%	2,016,289	$11M	held	—	2 q
MNSTMonster Beverage Corporation	0.01%	116,738	$11M	trimmed−43%	−0.01 pp	8 q
MSIMotorola Solutions, Inc. New	0.01%	20,701	$9M	trimmed−45%	−0.01 pp	4 q
NEENextEra Energy, Inc.	0.01%	90,806	$8M	trimmed−36%	0.00 pp	25 q
ODFLOld Dominion Freight Line	0.01%	39,990	$9M	trimmed−51%	−0.01 pp	3 q
SPGIS&P Global Inc.	0.01%	21,395	$9M	trimmed−46%	−0.01 pp	25 q
SOThe Southern Company	0.01%	74,294	$7M	trimmed−24%	0.00 pp	10 q
WECWEC Energy Group, Inc.	0.01%	87,935	$10M	trimmed−8%	0.00 pp	41 q
ZTSZoetis Inc.	0.01%	138,646	$10M	trimmed−15%	−0.01 pp	3 q
TBBBBBB Foods Inc.	0.01%	194,881	$8M	added0%	0.00 pp	5 q
NVCRNovoCure Limited	0.01%	952,074	$14M	trimmed−11%	0.00 pp	35 q
ASXASE Technology Holding Co., Ltd.	0.00%	362	$16,333	trimmed−15%	0.00 pp	2 q
ADBEAdobe Inc.	0.00%	3,171	$650,118	trimmed−93%	−0.01 pp	4 q
AMDAdvanced Micro Devices	0.00%	82	$47,635	new	0.00 pp	new
AMATApplied Materials Inc	0.00%	52	$37,596	new	0.00 pp	new
ARGXargenx SE	0.00%	16	$14,844	new	0.00 pp	new
ATATAtour Lifestyle Holdings Limited	0.00%	158,404	$5M	trimmed−3%	−0.01 pp	3 q
BIDUBaidu, Inc.	0.00%	492	$56,231	added×37.8	0.00 pp	4 q
ONCBeOne Medicines Ltd.	0.00%	231	$65,828	added×46.2	0.00 pp	4 q
BEBloom Energy Corporation	0.00%	52	$15,740	new	0.00 pp	new
BSLKBolt Projects Hldgs Inc	0.00%	123,290	$62	held	—	5 q
CDNSCadence Design Systems	0.00%	37	$13,887	trimmed−100%	−0.01 pp	6 q
CSLCarlisle Companies, Inc.	0.00%	97	$35,187	trimmed−99%	−0.01 pp	10 q
AXIAYAxia Energia S/	0.00%	16,280	$171,917	added×36.4	0.00 pp	3 q
CBRSCerebras Systems Inc. Class A	0.00%	1,000	$221,000	new	0.00 pp	new
CRWVCoreWeave, Inc. Class A	0.00%	50	$4,977	new	0.00 pp	new
CRWDCrowdStrike Holdings, Inc. Class A	0.00%	40	$30,526	trimmed−100%	−0.01 pp	8 q
DHRDanaher Corporation	0.00%	165	$31,429	new	0.00 pp	new
EHEHang Holdings Limited	0.00%	661,983	$4M	trimmed−10%	−0.01 pp	3 q
EIXEdison International	0.00%	16,660	$1M	trimmed−12%	0.00 pp	7 q
ENPHEnphase Energy, Inc.	0.00%	506	$24,915	trimmed−100%	−0.10 pp	20 q
EXCExelon Corporation	0.00%	86,157	$4M	trimmed−60%	−0.01 pp	41 q
FLKRFranklin FTSE South Korea ETF	0.00%	658	$43,264	trimmed−23%	0.00 pp	2 q
GNRCGenerac Holdings Inc	0.00%	3,068	$898,341	new	0.00 pp	new
HTHTH World Group Limited	0.00%	25	$1,043	new	0.00 pp	new
HUBBHubbell Incorporated	0.00%	82	$42,902	added+17%	0.00 pp	6 q
LRCXLam Research Corp	0.00%	58	$25,133	new	0.00 pp	new
LNNLindsay Corporation	0.00%	162	$20,056	added+18%	0.00 pp	3 q
LITELumentum Holdings Inc.	0.00%	6	$5,148	new	0.00 pp	new
MRSHMarsh	0.00%	511	$85,168	trimmed−99%	−0.01 pp	8 q
MRVLMarvell Technology, Inc.	0.00%	55	$16,384	new	0.00 pp	new
MUMicron Technology, Inc.	0.00%	80	$92,343	new	0.00 pp	new
MPWRMonolithic Power Systems, Inc.	0.00%	5	$6,912	new	0.00 pp	new
NXTNextpower Inc.	0.00%	314	$37,410	trimmed−25%	0.00 pp	4 q
NKENike, Inc.	0.00%	778	$31,937	added+15%	0.00 pp	23 q
NVONovo-Nordisk A/S	0.00%	82	$3,931	held	—	10 q
PLTRPalantir Technologies Inc. Class A	0.00%	28	$3,267	new	0.00 pp	new
PLPlanet Labs PBC	0.00%	1,234	$40,882	trimmed−25%	0.00 pp	3 q
PLDPrologis, Inc.	0.00%	27,356	$4M	trimmed−23%	0.00 pp	22 q
QSQuantumScape Corporation Class A	0.00%	578	$4,370	trimmed−100%	−0.01 pp	23 q
RIORio Tinto plc	0.00%	524	$49,744	trimmed−11%	0.00 pp	17 q
SONYSony Group Corporation	0.00%	1,488	$29,850	trimmed−11%	0.00 pp	3 q
SUISun Communities, Inc	0.00%	29,798	$4M	trimmed−22%	0.00 pp	11 q
TERTeradyne, Inc.	0.00%	201	$97,252	added+31%	0.00 pp	53+ q
TTEKTetra Tech Inc	0.00%	1,114	$32,183	trimmed−100%	−0.01 pp	6 q
ULUnilever plc	0.00%	350	$21,042	trimmed−8%	0.00 pp	3 q
VRTVertiv Holdings Co Class A	0.00%	22	$7,366	new	0.00 pp	new
ZGZillow Group Inc Class A	0.00%	45,840	$1M	held	—	46 q
TTETotalEnergies SE	0.00%	213	$16,563	trimmed−7%	0.00 pp	2 q
BURBurford Capital Limited	0.00%	395,646	$2M	trimmed−1%	0.00 pp	21 q
STXSeagate Technology Holdings PLC (Ireland)	0.00%	40	$38,600	new	0.00 pp	new
WSEWise Group plc Class A	0.00%	434	$5,169	new	0.00 pp	new
AERAercap Holdings N.V.	0.00%	11,897	$2M	added+10%	0.00 pp	5 q
MICCThe Magnum Ice Cream Company N.V.	0.00%	619	$10,777	trimmed−7%	0.00 pp	3 q
NBISNebius Group N.V. Class A	0.00%	43	$11,875	new	0.00 pp	new
PENPenumbra, Inc.	—	−840,427	—	exited	−0.28 pp	—
CMECME Group Inc.	—	−430,242	—	exited	−0.13 pp	—
TROWT Rowe Price Group Inc	—	−465,792	—	exited	−0.04 pp	—
HTFLHeartflow, Inc.	—	−1,084,652	—	exited	−0.03 pp	—
MBLYMobileye Global Inc. Class A	—	−4,140,398	—	exited	−0.03 pp	—
RAMPLiveRamp Holdings, Inc.	—	−911,277	—	exited	−0.02 pp	—
LULufax Holding Ltd.	—	−8,186,456	—	exited	−0.02 pp	—
SANASana Biotechnology, Inc.	—	−6,609,065	—	exited	−0.02 pp	—
TNDMTandem Diabetes Care, Inc.	—	−1,089,393	—	exited	−0.02 pp	—
ATRAptarGroup, Inc.	—	−72,806	—	exited	−0.01 pp	—
CGNXCognex Corp	—	−128,078	—	exited	−0.01 pp	—
MSAMine Safety Incorporated	—	−50,591	—	exited	−0.01 pp	—
PGRProgressive Corporation	—	−36,167	—	exited	−0.01 pp	—
SDGRSchrodinger, Inc.	—	−801,170	—	exited	−0.01 pp	—
SNPSSynopsys Inc	—	−15,812	—	exited	−0.01 pp	—
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	—	−20,444	—	exited	−0.01 pp	—
WABWabtec Inc.	—	−54,000	—	exited	−0.01 pp	—
Cable One Incconvertible	—	−6,202,000	—	exited	0.00 pp	—
AXICYAxia Energia S/	—	−69	—	exited	0.00 pp	—
FRPTFreshpet, Inc.	—	−8,464	—	exited	0.00 pp	—
YMMFull Truck Alliance Co. Ltd.	—	−1,158	—	exited	0.00 pp	—
MKTXMarketAxess Holdings Inc.	—	−29,032	—	exited	0.00 pp	—
RXSTRxSight, Inc.	—	−690,279	—	exited	0.00 pp	—
STNStantec, Inc.	—	−413	—	exited	0.00 pp	—
TTDThe Trade Desk, Inc.	—	−150,381	—	exited	0.00 pp	—
WRBYWarby Parker Inc.	—	−169,148	—	exited	0.00 pp	—