Baron Capital

Q2 2014 13F · by Ron Baron, CEO

As of: Jun 30, 2014
Filed: Aug 14, 2014
US stock: $25.2B · prev $24.5B
Positions: 359 · prev 358
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%

Moves339 since the prior filing

+4.2 pp in · −4.5 pp out

New 26 +1.77 pp
Added 138 +2.42 pp
Trimmed 150 −4.07 pp
Exited 25 −0.42 pp

The book

Diversified · behaves like 113 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 18% a year, about 5.5 years per position

Low
Moderate
High

Top 5 positions11% of US stock

IT Gartner, Inc. trimmed−0.05 pp trimmed−0.052.5%
unresolved Itc Hldgs Corp trimmed−0.12 pp trimmed−0.122.2%
ACGL Arch Capital Group Ltd trimmed−0.10 pp trimmed−0.102.1%
IDXX Idexx Laboratories Inc trimmed+0.12 pp trimmed+0.122.0%
FDS Factset Research Systems trimmed+0.14 pp trimmed+0.141.8%

Positions359 in this filing · 25 exited


ITGartner, Inc.	2.55%	9,110,715	$642M	trimmed−1%	−0.05 pp	5 q
unresolvedItc Hldgs Corp	2.20%	15,218,111	$555M	trimmed0%	−0.12 pp	5 q
ACGLArch Capital Group Ltd	2.12%	9,299,851	$534M	trimmed−2%	−0.10 pp	5 q
IDXXIdexx Laboratories Inc	1.96%	3,692,912	$493M	trimmed−1%	+0.12 pp	5 q
FDSFactset Research Systems	1.75%	3,663,466	$441M	trimmed−0%	+0.14 pp	5 q
DKSDick's Sporting Goods, Inc.	1.69%	9,133,974	$425M	added+6%	−0.22 pp	5 q
GWRGenesee & Wyoming Inc.	1.65%	3,953,821	$415M	trimmed−1%	+0.06 pp	5 q
MTNVail Resorts, Inc.	1.65%	5,376,813	$415M	held	—	5 q
HHyatt Hotels Corporation	1.62%	6,674,499	$407M	added0%	+0.16 pp	5 q
unresolvedColfax Corp	1.59%	5,388,177	$402M	added0%	+0.02 pp	5 q
CSGPCoStar Group Inc	1.49%	2,368,320	$375M	added+7%	−0.19 pp	5 q
UAAUnder Armour, Inc.	1.41%	5,966,177	$355M	added+87%	−0.08 pp	5 q
unresolvedSBA Comms Corp	1.40%	3,458,018	$354M	trimmed−8%	+0.01 pp	5 q
MIDDMiddleby Corp	1.38%	4,203,901	$348M	added+5%	−0.06 pp	5 q
MTDMettler-Toledo International	1.36%	1,355,620	$343M	trimmed−0%	+0.06 pp	5 q
TRGPTarga Resources Corp.	1.30%	2,352,557	$328M	trimmed−1%	+0.34 pp	5 q
GLPIGaming and Leisure Properties, Inc.	1.29%	9,583,760	$326M	trimmed−6%	−0.22 pp	3 q
UNFIUnited Natural Foods Inc	1.28%	4,961,780	$323M	added+1%	−0.14 pp	5 q
HPHelmerich & Payne, Inc.	1.18%	2,568,475	$298M	trimmed−9%	−0.06 pp	5 q
ILMNIllumina Inc	1.16%	1,641,210	$293M	trimmed−4%	+0.13 pp	5 q
CHHChoice Hotels Intnl.	1.06%	5,679,273	$268M	added0%	0.00 pp	5 q
AKXAnsys Inc	1.03%	3,436,480	$261M	trimmed−5%	−0.10 pp	5 q
CXOConcho Resources Inc.	1.03%	1,800,722	$260M	trimmed−1%	+0.13 pp	5 q
VRSKVerisk Analytics, Inc.	1.01%	4,252,591	$255M	trimmed−0%	−0.03 pp	5 q
CLBCore Laboratories Inc.	0.97%	1,460,016	$244M	trimmed−16%	−0.44 pp	5 q
AL1Sumisho Air Lease Corp	0.96%	6,279,907	$242M	added+24%	+0.19 pp	5 q
BFAMBright Horizons Family Solutions Inc.	0.96%	5,608,845	$241M	trimmed−0%	+0.06 pp	5 q
THSTreehouse Foods, Inc.	0.93%	2,934,532	$235M	added0%	+0.07 pp	5 q
KMXCarMax Inc.	0.91%	4,414,243	$230M	added+12%	+0.16 pp	5 q
FLTCorpay, Inc.	0.91%	1,744,448	$230M	trimmed−4%	+0.06 pp	5 q
SCHWThe Charles Schwab Corporation	0.90%	8,379,471	$226M	added+8%	+0.03 pp	5 q
unresolvedFinancial Engines	0.89%	4,932,721	$223M	added+49%	+0.21 pp	5 q
FASTFastenal Co	0.86%	4,392,163	$217M	trimmed−0%	−0.02 pp	5 q
WYNNWynn Resorts Ltd	0.86%	1,045,848	$217M	trimmed−1%	−0.10 pp	5 q
BKDBrookdale Senior Living, Inc.	0.84%	6,310,454	$210M	added+5%	+0.02 pp	5 q
CYHCommunity Health Systems, Inc.	0.84%	4,678,730	$212M	trimmed−13%	−0.02 pp	5 q
GWREGuidewire Software, Inc.	0.83%	5,120,823	$208M	added+9%	−0.11 pp	5 q
TSLATesla, Inc.	0.80%	837,551	$201M	added+88%	+0.42 pp	2 q
CBRECbre Group, Inc.	0.76%	6,009,148	$193M	added0%	+0.09 pp	5 q
GNRCGenerac Holdings Inc	0.75%	3,865,375	$188M	trimmed−16%	−0.35 pp	5 q
unresolvedThe Carlyle Group	0.72%	5,356,634	$182M	added+11%	+0.03 pp	5 q
unresolvedLumber Liquidators Hldgs Inc	0.72%	2,388,505	$181M	added+2%	−0.17 pp	5 q
unresolvedEquinix Inc	0.68%	816,731	$172M	added+7%	+0.11 pp	5 q
MMSMAXIMUS, Inc.	0.68%	3,992,355	$172M	trimmed−0%	−0.05 pp	5 q
PRIPrimerica, Inc.	0.68%	3,595,092	$172M	trimmed−0%	−0.01 pp	5 q
SSNCSS&C Technologies Inc	0.68%	3,863,117	$171M	trimmed−0%	+0.05 pp	5 q
MANUManchester United PLC	0.68%	9,862,699	$172M	added+1%	−0.01 pp	5 q
CSTECaesarstone Ltd.	0.67%	3,414,868	$168M	trimmed−1%	−0.10 pp	5 q
CPRTCopart Inc	0.65%	4,572,929	$164M	trimmed−14%	−0.14 pp	5 q
unresolvedAdvent Software Inc	0.64%	4,953,956	$161M	trimmed−0%	+0.05 pp	5 q
TDGTransDigm Group Incorporated	0.63%	950,000	$159M	trimmed−5%	−0.12 pp	5 q
BAHBooz Allen Hamilton Holding Corporation	0.59%	6,963,195	$148M	trimmed−9%	−0.09 pp	5 q
unresolvedPinnacle Entertainment Inc.	0.59%	5,918,597	$149M	added0%	+0.02 pp	5 q
DEIDouglas Emmett, Inc.	0.58%	5,204,719	$147M	trimmed−0%	0.00 pp	5 q
LKQLKQ Corporation	0.58%	5,483,282	$146M	trimmed−30%	−0.26 pp	5 q
CHDChurch & Dwight Co., Inc.	0.56%	2,005,485	$140M	trimmed−5%	−0.03 pp	5 q
unresolvedLasalle Hotel Pptys	0.56%	3,986,726	$141M	held	—	5 q
CNSCohen & Steers Inc.	0.54%	3,133,119	$136M	trimmed−1%	+0.02 pp	5 q
unresolvedFEI Company	0.54%	1,500,515	$136M	trimmed−9%	−0.15 pp	5 q
unresolvedHomeaway Inc	0.52%	3,791,443	$132M	added+5%	−0.03 pp	5 q
TCSThe Container Store Group, Inc.	0.51%	4,647,911	$129M	added+28%	+0.01 pp	3 q
unresolvedPriceline Grp Inc	0.50%	105,403	$127M	trimmed−5%	−0.04 pp	5 q
BERYBerry Global Group, Inc.	0.49%	4,822,991	$124M	trimmed−3%	+0.02 pp	5 q
MSCIMSCI, Inc.	0.48%	2,662,767	$122M	trimmed−32%	−0.21 pp	5 q
VACMarriott Vacations Worldwide Corporation	0.48%	2,044,665	$120M	added+71%	+0.21 pp	5 q
unresolvedWaste Connections Inc	0.48%	2,500,000	$121M	held	—	5 q
unresolvedDevry Ed Group Inc	0.47%	2,797,750	$118M	trimmed−0%	−0.02 pp	5 q
MORNMorningstar, Inc.	0.47%	1,651,381	$119M	trimmed−0%	−0.06 pp	5 q
AYIAcuity Inc.	0.45%	825,000	$114M	trimmed−8%	−0.04 pp	5 q
unresolvedConcur Technologies Inc	0.43%	1,155,440	$108M	added+8%	0.00 pp	5 q
CRRCarbo Ceramics Inc.	0.41%	668,834	$103M	trimmed−4%	+0.02 pp	5 q
DISCADiscovery, Inc. Series A	0.41%	1,401,788	$104M	added0%	−0.06 pp	5 q
APAMArtisan Partners Asset Management Inc.	0.40%	1,790,892	$102M	added0%	−0.07 pp	5 q
unresolvedEmeritus Corp	0.40%	3,146,144	$100M	added+3%	+0.01 pp	5 q
unresolvedUltimate Software Group Inc	0.40%	731,205	$101M	held	—	5 q
ALXAlexander's Inc.	0.39%	262,882	$97M	trimmed−1%	0.00 pp	5 q
unresolvedTechne Corp	0.39%	1,053,380	$98M	held	—	5 q
BNFTBenefitfocus, Inc.	0.38%	2,080,943	$96M	added+16%	+0.04 pp	3 q
unresolvedLiberty Media Corp Delaware	0.38%	694,344	$95M	trimmed−5%	−0.01 pp	5 q
unresolvedNord Anglia Education Inc	0.38%	5,195,911	$95M	new	+0.38 pp	new
EWEdwards Lifesciences Corp	0.37%	1,083,004	$93M	trimmed−20%	−0.04 pp	5 q
FOSLFossil Group, Inc.	0.37%	885,151	$93M	added+1%	−0.05 pp	4 q
OAKOaktree Capital Group, LLC	0.37%	1,870,217	$93M	added0%	−0.07 pp	5 q
PENNPENN Entertainment, Inc.	0.37%	7,578,624	$92M	trimmed−2%	−0.02 pp	5 q
unresolvedStarwood HOTELS&RESORTS Wrld	0.37%	1,142,210	$92M	added+11%	+0.04 pp	5 q
unresolvedNielsen Holdings N V	0.37%	1,938,108	$94M	trimmed−9%	−0.02 pp	5 q
PSXPPhillips 66 Partners LP	0.36%	1,213,097	$92M	added0%	+0.12 pp	4 q
unresolvedAdvisory Brd Co	0.35%	1,707,347	$88M	trimmed−2%	−0.11 pp	5 q
unresolvedPanera Bread Co	0.35%	587,737	$88M	trimmed−2%	−0.08 pp	5 q
unresolvedIconix Brand Group Inc	0.34%	2,000,000	$86M	held	—	5 q
ACIWACI Worldwide, Inc.	0.33%	1,500,000	$84M	trimmed−11%	−0.08 pp	5 q
AREAlexandria Real Estate Equities, Inc.	0.33%	1,057,939	$82M	trimmed−1%	+0.02 pp	5 q
unresolvedGlobe Specialty Metals Inc	0.33%	4,000,000	$83M	held	—	5 q
unresolvedInterval Leisure Group Inc	0.33%	3,735,435	$82M	added+1%	−0.06 pp	5 q
SSTKShutterstock, Inc.	0.33%	1,007,335	$84M	added+46%	+0.13 pp	5 q
unresolvedAtlas Energy LP	0.32%	1,805,615	$81M	added×2.8	+0.21 pp	5 q
unresolvedDreamWorks Animation SKG Inc.	0.32%	3,480,077	$81M	trimmed−17%	−0.13 pp	4 q
IRDMIridium Communications Inc.	0.31%	9,139,870	$77M	new	+0.31 pp	new
unresolvedMadison Square Garden Co	0.31%	1,250,000	$78M	held	—	5 q
VMIValmont Industries, Inc.	0.30%	489,185	$74M	trimmed−1%	0.00 pp	5 q
WSTWest Pharmaceutical Services, Inc.	0.30%	1,797,386	$76M	trimmed−1%	−0.03 pp	5 q
SAMBoston Beer Company	0.29%	330,101	$74M	held	—	5 q
CLHClean Harbors, Inc	0.29%	1,150,000	$74M	trimmed−18%	−0.02 pp	5 q
DOORMasonite International Corp	0.29%	1,289,000	$73M	new	+0.29 pp	new
PEGAPegasystems Inc	0.29%	3,508,324	$74M	trimmed−12%	0.00 pp	5 q
TROWT Rowe Price Group Inc	0.29%	860,141	$73M	trimmed−5%	−0.01 pp	5 q
RXNZurn Elkay Water Solutions Corporation	0.29%	2,551,273	$72M	trimmed−0%	−0.01 pp	5 q
ICLRIcon Plc	0.29%	1,530,000	$72M	added+7%	+0.01 pp	5 q
CAKECheesecake Factory (The)	0.28%	1,500,000	$70M	trimmed−9%	−0.04 pp	5 q
unresolvedDigitalglobe Inc	0.28%	2,564,079	$71M	trimmed−1%	−0.02 pp	5 q
RPRealPage, Inc.	0.28%	3,180,692	$72M	trimmed−12%	+0.01 pp	5 q
CGNXCognex Corp	0.27%	1,750,000	$67M	held	—	5 q
unresolvedMattress Firm Hldg Corp	0.27%	1,403,200	$67M	trimmed−7%	−0.02 pp	5 q
unresolvedOn Assignment Inc	0.27%	1,898,350	$68M	added+59%	+0.08 pp	5 q
WEXWEX Inc.	0.27%	650,000	$68M	held	—	5 q
WYNTravel + Leisure Co.	0.27%	893,677	$68M	added+8%	+0.02 pp	5 q
unresolvedIHS Inc 'A'	0.26%	478,919	$65M	trimmed−1%	+0.02 pp	5 q
unresolvedPall Corp	0.26%	754,275	$64M	added0%	−0.01 pp	5 q
MSMMSC Industrial Direct Co., Inc. Class A	0.25%	649,825	$62M	held	—	5 q
unresolvedPlatform Specialty Prods Cor	0.25%	2,250,000	$63M	trimmed−33%	−0.01 pp	2 q
unresolvedFlotek Industries Inc DEL	0.24%	1,881,193	$60M	added+18%	+0.06 pp	4 q
NDSNNordson Corp	0.24%	750,000	$60M	held	—	5 q
unresolvedDiamond Resorts Intl Inc	0.23%	2,461,490	$57M	added+4%	+0.07 pp	4 q
HDHome Depot, Inc.	0.23%	718,123	$58M	added+38%	+0.06 pp	3 q
ESNTEssent Group LTD	0.23%	2,846,342	$57M	trimmed−2%	−0.04 pp	3 q
CSUSonida Senior Living, Inc.	0.22%	2,306,564	$55M	added+18%	+0.01 pp	5 q
DFRGDel Frisco's Restaurant Group, Inc.	0.22%	2,050,000	$56M	trimmed−1%	−0.01 pp	4 q
FETForum Energy Technologies, Inc.	0.22%	1,547,042	$56M	added0%	+0.03 pp	5 q
JLLJones Lang LaSalle, Inc.	0.22%	435,461	$55M	added+6%	+0.02 pp	5 q
RLRalph Lauren Corporation	0.22%	343,256	$55M	trimmed−22%	−0.07 pp	5 q
TREXTrex Company, Inc.	0.22%	1,917,874	$55M	added×10.1	+0.19 pp	2 q
unresolvedAcxiom Corp	0.21%	2,415,758	$52M	trimmed−2%	−0.13 pp	5 q
DXCMDexCom, Inc.	0.21%	1,348,572	$53M	trimmed−0%	−0.02 pp	5 q
EVEaton Vance Corp	0.21%	1,408,910	$53M	trimmed−9%	−0.03 pp	5 q
unresolvedRsp Permian Inc	0.21%	1,599,000	$52M	added0%	+0.02 pp	2 q
HSICHenry Schein Inc	0.21%	454,034	$54M	trimmed−0%	−0.01 pp	5 q
unresolvedSeacor Holdings Inc.	0.21%	649,842	$53M	trimmed−26%	−0.10 pp	5 q
unresolvedScorpio Tankers Inc	0.21%	5,099,104	$52M	added0%	0.00 pp	5 q
LVSLas Vegas Sands Corp.	0.20%	671,068	$51M	added+19%	+0.01 pp	5 q
SLGSL Green Realty Corp.	0.20%	450,425	$49M	held	—	5 q
TIFTiffany & Co.	0.20%	512,045	$51M	trimmed−9%	0.00 pp	5 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.20%	1,555,449	$49M	added+5%	+0.01 pp	5 q
unresolvedAirgas Inc	0.19%	444,972	$48M	trimmed−3%	−0.01 pp	5 q
FGAAmerican Campus Communities	0.19%	1,266,869	$48M	trimmed−3%	−0.01 pp	5 q
COHRCoherent Corp.	0.19%	717,327	$47M	added0%	0.00 pp	5 q
unresolvedCooper Cos Inc/The	0.19%	356,783	$48M	added+45%	+0.05 pp	2 q
OASOasis Petroleum Inc	0.19%	871,624	$49M	added+5%	+0.05 pp	5 q
unresolvedSusser Hldgs Corp	0.19%	600,000	$48M	trimmed−37%	−0.05 pp	5 q
CHEFThe Chef's Warehouse Inc	0.18%	2,270,250	$45M	trimmed−5%	−0.03 pp	5 q
CHSPChesapeake Lodging Trust	0.18%	1,517,000	$46M	trimmed−25%	−0.03 pp	5 q
unresolvedHeartware Intl Inc	0.18%	500,000	$44M	held	—	2 q
ROPRoper Technologies, Inc.	0.18%	314,997	$46M	trimmed−0%	+0.01 pp	5 q
unresolvedCepheid	0.17%	902,506	$43M	added+1%	−0.02 pp	5 q
SCORcomScore, Inc.	0.17%	1,177,846	$42M	added+30%	+0.05 pp	2 q
MHKMohawk Industries, Inc.	0.17%	317,839	$44M	added×4.7	+0.13 pp	5 q
SMSM Energy Company	0.17%	506,348	$43M	added+1%	+0.02 pp	5 q
UHSUniversal Health Services, Inc. Class B	0.17%	435,670	$42M	added+7%	+0.03 pp	5 q
unresolvedBonanza Creek Energy Inc	0.16%	694,948	$40M	added+2%	+0.04 pp	5 q
unresolvedLinkedin Corp Cl A	0.16%	236,463	$41M	added+4%	−0.01 pp	5 q
37MMrc Global Inc	0.16%	1,380,694	$39M	added+23%	+0.04 pp	5 q
WABWabtec Inc.	0.16%	482,386	$40M	trimmed−0%	+0.01 pp	4 q
EPAYBottomline Technologies Inc	0.15%	1,233,750	$37M	trimmed−28%	−0.09 pp	5 q
LSTRLandstar System Inc	0.15%	593,300	$38M	held	—	5 q
PAGPenske Automotive Group, Inc.	0.15%	750,000	$37M	held	—	5 q
TSCOTractor Supply Co	0.15%	645,686	$39M	trimmed−0%	−0.04 pp	5 q
unresolvedTumi Holdings Inc.	0.15%	1,900,000	$38M	held	—	5 q
BJRIBJ's Restaurants, Inc.	0.14%	1,000,000	$35M	held	—	5 q
KWKennedy-wilson Holdings, Inc.	0.14%	1,314,471	$35M	held	—	5 q
unresolvedValero Energy Partners LP	0.14%	722,700	$36M	added0%	+0.02 pp	3 q
VRSNVeriSign Inc	0.14%	697,966	$34M	trimmed−1%	−0.01 pp	5 q
unresolvedWestern Refng Logistics LP	0.14%	1,066,139	$35M	added0%	0.00 pp	3 q
AATAmerican Assets Trust, Inc.	0.13%	930,000	$32M	held	—	5 q
SRCLStericycle Inc	0.13%	279,736	$33M	trimmed−0%	0.00 pp	5 q
unresolvedBrookfield Residential Pptys	0.12%	1,491,000	$31M	added+16%	+0.01 pp	5 q
NCMINational CineMedia, Inc.	0.12%	1,750,000	$31M	trimmed−13%	0.00 pp	5 q
unresolvedTesoro Logistics LP	0.12%	408,428	$30M	trimmed−21%	−0.01 pp	5 q
unresolvedTowers Watson & Co.	0.12%	281,600	$29M	new	+0.12 pp	new
GGGGraco Inc	0.11%	350,000	$27M	trimmed−22%	−0.03 pp	5 q
TILEInterface Inc	0.11%	1,451,700	$27M	held	—	5 q
LOWLowe's Companies Inc.	0.11%	595,124	$29M	added+27%	+0.02 pp	5 q
MCMoelis & Company	0.11%	789,710	$27M	new	+0.11 pp	new
unresolvedRally Software Dev Corp	0.11%	2,428,669	$26M	added+14%	−0.01 pp	3 q
unresolvedStrategic Hotels & Resorts Inc	0.11%	2,311,176	$27M	added+10%	+0.02 pp	5 q
SHOSunstone Hotel Investors, Inc.	0.11%	1,816,128	$27M	trimmed−45%	−0.08 pp	5 q
unresolvedBrookfield Asset Mgmt Inc	0.10%	564,097	$25M	trimmed−0%	+0.01 pp	5 q
unresolvedCovance Inc	0.10%	300,000	$26M	held	—	5 q
ECLEcolab, Inc.	0.10%	231,951	$26M	trimmed−2%	0.00 pp	5 q
STAYExtended Stay America, Inc. Paired Share	0.10%	1,133,637	$26M	added+13%	+0.01 pp	3 q
FRCBFirst Republic Bk CA	0.10%	451,916	$25M	held	—	5 q
unresolvedKeyw Holding Corp	0.10%	1,975,519	$25M	added0%	−0.05 pp	5 q
BXMTBlackstone Mortgage Trust, Inc. (NEW)	0.09%	776,400	$23M	added+18%	+0.01 pp	2 q
CERNCerner Corp	0.09%	415,580	$21M	added+1%	0.00 pp	5 q
CONECyrusOne Inc	0.09%	954,641	$24M	added+52%	+0.04 pp	5 q
unresolvedForest City Enterprises Inc	0.09%	1,130,894	$22M	added+2%	0.00 pp	5 q
HHCThe Howard Hughes Corporation	0.09%	136,341	$22M	added+12%	+0.02 pp	5 q
unresolvedMwi Veterinary Supply Inc	0.09%	152,873	$22M	new	+0.09 pp	new
PBFXPbf Logistics LP	0.09%	818,047	$23M	new	+0.09 pp	new
unresolvedQuintiles Transnatio Hldgs I	0.09%	402,309	$21M	added+23%	+0.02 pp	5 q
SXCSuncoke Energy Inc	0.09%	1,030,217	$22M	added+1%	−0.01 pp	5 q
MGMistras Group Inc.	0.08%	850,000	$21M	held	—	5 q
unresolvedPrecision Castparts Corp	0.08%	78,647	$20M	added+1%	0.00 pp	5 q
RHTRed Hat Inc	0.08%	360,531	$20M	added+24%	+0.02 pp	5 q
SPGSimon Property Group, Inc.	0.08%	119,077	$20M	added0%	0.00 pp	5 q
SXCPSunCoke Energy Partners, L.P.	0.08%	707,977	$21M	added+22%	+0.01 pp	5 q
BIPBrookfield Infrastructure Partners L.P.	0.08%	465,263	$19M	held	—	5 q
AMTAmerican Tower Corporation	0.07%	208,779	$19M	added+2%	0.00 pp	5 q
BLDRBuilders FirstSource, Inc.	0.07%	2,269,635	$17M	added×2.2	+0.03 pp	5 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.07%	190,000	$18M	added+58%	+0.02 pp	5 q
IMAXImax Corp	0.07%	630,000	$18M	trimmed−36%	−0.04 pp	3 q
MASIMasimo Corporation	0.07%	758,386	$18M	trimmed−45%	−0.08 pp	5 q
NEOGNeogen Corp	0.07%	445,596	$18M	held	—	5 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.07%	767,000	$16M	added+37%	+0.02 pp	5 q
SKTTanger Inc.	0.07%	483,200	$17M	held	—	2 q
1885807DAthenahealth Inc	0.06%	124,851	$16M	trimmed−72%	−0.23 pp	2 q
unresolvedAthlon Energy Inc	0.06%	339,518	$16M	added+1%	+0.01 pp	4 q
METAMeta Platforms, Inc. Class A	0.06%	236,847	$16M	added+73%	+0.03 pp	5 q
NDLSNoodles & Company Class A	0.06%	475,056	$16M	new	+0.06 pp	new
OCOwens Corning	0.06%	379,754	$15M	added+5%	0.00 pp	5 q
PCRXPacira BioSciences, Inc.	0.06%	154,393	$14M	added×9.0	+0.06 pp	3 q
unresolvedSusser Petroleum Partners LP	0.06%	345,498	$16M	trimmed−77%	−0.15 pp	5 q
VNOVornado Realty Trust	0.06%	150,277	$16M	held	—	5 q
AMZNAmazon.Com Inc	0.05%	41,040	$13M	trimmed−1%	−0.01 pp	5 q
DISCKDiscovery Inc-c	0.05%	181,673	$13M	trimmed−22%	−0.02 pp	5 q
FWMFairway Group Hldgs Corp Cl A Com Stk (De)	0.05%	1,750,000	$12M	held	—	5 q
unresolvedGol Linhas Aereas Intlg S A	0.05%	2,196,000	$12M	new	+0.05 pp	new
unresolvedGrubhub Inc	0.05%	351,400	$12M	new	+0.05 pp	new
unresolvedLiberty Interactive Corp	0.05%	163,567	$12M	new	+0.05 pp	new
SQMSociedad Quimica y Minera de Chile SA	0.05%	402,000	$12M	added+67%	+0.02 pp	5 q
unresolvedVince Hldg Corp	0.05%	350,000	$13M	held	—	3 q
unresolvedWestern Gas Equity Partners	0.05%	185,088	$12M	added0%	+0.01 pp	5 q
PRGOPerrigo Company PLC	0.05%	78,373	$11M	new	+0.05 pp	new
NBISNebius Group N.V. Class A	0.05%	327,921	$12M	added+3%	+0.01 pp	5 q
ACADAcadia Pharmaceuticals Inc.	0.04%	437,000	$10M	trimmed−11%	−0.01 pp	2 q
unresolvedEducation Realty Trust, Inc.	0.04%	1,016,888	$11M	held	—	5 q
KNKnowles Corporation	0.04%	314,514	$10M	new	+0.04 pp	new
MCHXMarchex, Inc. Class B	0.04%	826,435	$10M	added+7%	+0.01 pp	3 q
MDSOMedidata Solutions, Inc.	0.04%	230,635	$10M	trimmed−55%	−0.07 pp	3 q
OISOil States International, Inc.	0.04%	163,981	$11M	added+1%	−0.03 pp	5 q
unresolvedPandora Media Inc	0.04%	319,928	$9M	added+13%	+0.01 pp	4 q
unresolvedPerfect World Co Ltd	0.04%	540,000	$11M	added+30%	+0.01 pp	2 q
ZQKQuicksilver,inc.	0.04%	2,500,000	$9M	trimmed−38%	−0.08 pp	5 q
unresolvedRyanair Holdings PLC ADR	0.04%	199,684	$11M	added+2%	−0.01 pp	5 q
unresolvedSfx Entmt Inc	0.04%	1,250,000	$10M	held	—	3 q
WDAYWorkday, Inc. Class A	0.04%	119,617	$11M	added+65%	+0.01 pp	2 q
SINASina Corp	0.04%	198,400	$10M	added+44%	+0.01 pp	5 q
unresolvedGolar Lng Partners LP	0.04%	271,432	$10M	added+60%	+0.02 pp	5 q
AAPLApple Inc.	0.03%	77,308	$7M	trimmed−1%	+0.01 pp	5 q
unresolvedCiveo Corp	0.03%	336,562	$8M	new	+0.03 pp	new
unresolvedClubcorp Holdings Inc	0.03%	416,482	$8M	trimmed−4%	0.00 pp	3 q
ENVEnvestnet, Inc.	0.03%	172,680	$8M	trimmed−2%	0.00 pp	3 q
unresolvedFoundation Medicine	0.03%	240,946	$6M	trimmed−12%	−0.01 pp	3 q
unresolvedGoogle Inc.	0.03%	13,253	$8M	trimmed−4%	−0.03 pp	5 q
GOOGAlphabet Inc. Class C	0.03%	14,745	$8M	new	+0.03 pp	new
unresolvedIpc The Hospitalist Co Inc	0.03%	150,000	$7M	held	—	5 q
unresolvedMonsanto Co	0.03%	52,707	$7M	trimmed−6%	0.00 pp	5 q
NFLXNetFlix Inc	0.03%	18,961	$8M	added+12%	+0.01 pp	4 q
QLYSQualys, Inc.	0.03%	315,796	$8M	added×11.3	+0.03 pp	2 q
unresolvedRestoration Hardware Hldgs I	0.03%	89,795	$8M	trimmed−12%	0.00 pp	3 q
unresolvedSirona Dental Systems Inc	0.03%	81,200	$7M	trimmed−10%	0.00 pp	5 q
TALTAL Education Group	0.03%	284,490	$8M	added×30.2	+0.03 pp	2 q
VNETVNET Group, Inc.	0.03%	291,900	$9M	trimmed−14%	−0.01 pp	5 q
TWTRTwitter, Inc.	0.03%	200,118	$8M	added×4.9	+0.02 pp	3 q
unresolvedVca Inc	0.03%	200,000	$7M	held	—	5 q
unresolvedWuxi Pharmatech Adr	0.03%	201,500	$7M	trimmed−4%	0.00 pp	5 q
unresolvedZillow	0.03%	49,694	$7M	trimmed−73%	−0.04 pp	5 q
GLNGGolar LNG Ltd	0.03%	128,478	$8M	trimmed−34%	0.00 pp	5 q
MLNXMellanox Technologies Ltd	0.03%	200,040	$7M	added+5%	0.00 pp	4 q
CHRWC.H. Robinson Worldwide, Inc.	0.02%	67,720	$4M	trimmed−37%	0.00 pp	5 q
CMECME Group Inc.	0.02%	58,693	$4M	trimmed−1%	0.00 pp	5 q
unresolvedIntrawest Resorts Holdings, In	0.02%	353,600	$4M	held	—	2 q
MPLXMplx LP	0.02%	75,000	$5M	trimmed−9%	0.00 pp	5 q
MAMastercard Incorporated	0.02%	63,635	$5M	trimmed−9%	0.00 pp	5 q
ORLYO'Reilly Automotive, Inc.	0.02%	36,674	$6M	trimmed−4%	0.00 pp	5 q
unresolvedQihoo 360 Technology Co. ADR	0.02%	50,000	$5M	trimmed−44%	−0.02 pp	2 q
SBUXStarbucks Corp	0.02%	71,168	$6M	trimmed−1%	0.00 pp	5 q
DATATableau Software, Inc.	0.02%	81,804	$6M	trimmed−1%	−0.01 pp	5 q
TOLToll Brothers, Inc.	0.02%	134,673	$5M	held	—	5 q
VVISA Inc.	0.02%	25,824	$5M	trimmed−1%	0.00 pp	5 q
YUMYum! Brands, Inc.	0.02%	48,666	$4M	trimmed−9%	0.00 pp	5 q
ASMLASML Holding NV	0.02%	41,187	$4M	trimmed−1%	0.00 pp	4 q
AAgilent Technologies Inc.	0.01%	26,000	$1M	held	—	5 q
ALXNAlexion Pharmaceuticals Inc	0.01%	10,145	$2M	trimmed−1%	0.00 pp	2 q
ALGNAlign Technology Inc	0.01%	29,800	$2M	held	—	5 q
BIIBBiogen Inc.	0.01%	8,632	$3M	added+42%	0.00 pp	2 q
BXPBXP, Inc.	0.01%	13,300	$2M	held	—	5 q
CSLTCastlight Health, Inc.	0.01%	246,000	$4M	trimmed−14%	−0.01 pp	2 q
COSTCostco Wholesale Corp	0.01%	15,973	$2M	trimmed−4%	0.00 pp	5 q
GRFSGrifois, S.A.	0.01%	42,800	$2M	trimmed−4%	0.00 pp	5 q
GPORGulfport Energy Corporation	0.01%	29,136	$2M	added+45%	0.00 pp	5 q
HALHalliburton Company	0.01%	32,396	$2M	added+31%	0.00 pp	5 q
PEParsley Energy Inc	0.01%	70,800	$2M	new	+0.01 pp	new
REGNRegeneron Pharmaceuticals Inc	0.01%	7,109	$2M	added+17%	0.00 pp	2 q
RNETRigNet, Inc.	0.01%	27,590	$1M	added+21%	+0.01 pp	5 q
RHIRobert Half Inc.	0.01%	78,204	$4M	trimmed−3%	0.00 pp	5 q
unresolvedRose Rock Midstream L P	0.01%	61,042	$3M	added+71%	0.00 pp	5 q
unresolvedSpectranetics Corp	0.01%	60,480	$1M	added+64%	+0.01 pp	3 q
unresolvedSuperior Energy Services Inc	0.01%	45,557	$2M	added+8%	0.00 pp	5 q
unresolvedTallgrass Energy Partners LP	0.01%	63,515	$2M	added+20%	0.00 pp	5 q
unresolvedTesco Corp	0.01%	91,800	$2M	new	+0.01 pp	new
VMWVMware, Inc	0.01%	28,878	$3M	added+40%	0.00 pp	2 q
unresolvedWhole Foods Market	0.01%	66,611	$3M	trimmed−4%	0.00 pp	5 q
unresolvedXoom Corporation	0.01%	142,869	$4M	trimmed−57%	−0.02 pp	5 q
CHKPCheck Point Software Technologies Ltd	0.01%	22,000	$1M	trimmed−6%	0.00 pp	5 q
SDLPSeadrill Partners LLC	0.01%	41,583	$1M	trimmed−18%	0.00 pp	5 q
RMTORM2 International Inc	0.00%	25,000	$380,000	new	0.00 pp	new
AMBRAmber Road Inc	0.00%	55,200	$890,000	new	0.00 pp	new
APCAnadarko Petroleum Corp	0.00%	4,239	$464,000	added+2%	0.00 pp	5 q
ARAntero Resources Corporation	0.00%	14,500	$952,000	added+51%	0.00 pp	3 q
ANETArista Networks	0.00%	10,000	$624,000	new	0.00 pp	new
ASCMAAscent Capital Group, Inc. Series A	0.00%	12,200	$805,000	added+12%	0.00 pp	3 q
BIDUBaidu, Inc.	0.00%	1,037	$194,000	trimmed−44%	0.00 pp	5 q
unresolvedBarracuda Networks Inc	0.00%	7,200	$223,000	trimmed−25%	0.00 pp	3 q
BIOSOption Care Health, Inc.	0.00%	144,010	$1M	held	—	3 q
CTRACoterra Energy Inc.	0.00%	18,000	$615,000	added+76%	0.00 pp	3 q
GTLSChart Inds Inc	0.00%	15,194	$1M	added+48%	0.00 pp	5 q
CHDNChurchill Downs Inc	0.00%	4,500	$405,000	added+29%	0.00 pp	3 q
unresolvedCobalt Intl Energy Inc	0.00%	25,295	$464,000	added+2%	0.00 pp	5 q
unresolvedCoupons.com, Inc.	0.00%	5,026	$132,000	trimmed−99%	−0.07 pp	2 q
unresolvedCraft Brew Alliance Inc	0.00%	25,000	$276,000	added+19%	0.00 pp	3 q
EOGEOG Resources, Inc.	0.00%	6,068	$709,000	added+2%	0.00 pp	4 q
EHTHeHealth, Inc.	0.00%	24,200	$919,000	added×2.2	0.00 pp	3 q
ESEESCO Technologies, Inc.	0.00%	15,600	$540,000	held	—	2 q
unresolvedE2OPEN Inc	0.00%	30,000	$620,000	trimmed−1%	0.00 pp	3 q
FB1Farmer Bros Co	0.00%	21,000	$454,000	new	0.00 pp	new
FRGIFiesta Restaurant Group, Inc.	0.00%	14,000	$650,000	new	0.00 pp	new
FEYEFireEye, Inc.	0.00%	4,943	$200,000	held	—	3 q
FLSFlowserve Corporation	0.00%	8,900	$662,000	added+6%	0.00 pp	3 q
FCXFreeport-McMoran Inc.	0.00%	11,237	$410,000	added+43%	0.00 pp	5 q
IBNICICI Bank Limited	0.00%	2,699	$135,000	trimmed−34%	0.00 pp	5 q
INGNInogen Inc	0.00%	32,400	$731,000	trimmed−18%	0.00 pp	2 q
unresolvedKodiak Oil & Gas Corp	0.00%	65,302	$950,000	added+11%	0.00 pp	5 q
LULUlululemon athletica inc.	0.00%	12,950	$524,000	trimmed−92%	−0.04 pp	5 q
MPCMarathon Petroleum Corporation	0.00%	11,078	$865,000	added+44%	0.00 pp	5 q
NOVNOV Inc.	0.00%	5,943	$489,000	trimmed−9%	0.00 pp	5 q
NBLNoble Energy, Inc.	0.00%	11,649	$902,000	added+19%	0.00 pp	5 q
unresolvedNovadaq Technologies Inc	0.00%	4,680	$77,000	trimmed−76%	0.00 pp	3 q
unresolvedOpower Inc	0.00%	30,325	$572,000	new	0.00 pp	new
PDFSPDF Solutions Inc	0.00%	29,840	$633,000	trimmed−16%	0.00 pp	3 q
PKOHPark-Ohio Holdings Corp	0.00%	6,000	$349,000	trimmed−21%	0.00 pp	3 q
unresolvedPolypore International Inc	0.00%	17,883	$854,000	trimmed−24%	0.00 pp	5 q
POWIPower Integrations Inc	0.00%	10,400	$598,000	added+23%	0.00 pp	3 q
PRIMPrimoris Services Corporation	0.00%	27,502	$793,000	trimmed−24%	0.00 pp	5 q
QIWQiwi Plc-sponsored ADR	0.00%	2,417	$97,000	trimmed−61%	0.00 pp	2 q
unresolvedQunar ADR	0.00%	4,150	$118,000	trimmed−97%	−0.02 pp	3 q
RVNCRevance Therapeutics, Inc.	0.00%	20,000	$680,000	added+14%	0.00 pp	2 q
CRMSalesforce, Inc.	0.00%	14,958	$869,000	trimmed−89%	−0.03 pp	5 q
unresolvedSolarCity Corp	0.00%	7,500	$529,000	new	0.00 pp	new
SFMSprouts Farmers Market, Inc.	0.00%	17,038	$557,000	trimmed−95%	−0.05 pp	4 q
SUSuncor Energy, Inc.	0.00%	29,000	$1M	added+16%	0.00 pp	4 q
SUNEQSunedison Inc	0.00%	44,700	$1M	added+56%	0.00 pp	2 q
SYTSyngenta Ag-adr	0.00%	9,000	$673,000	held	—	5 q
TXMDTherapeuticsMD, Inc.	0.00%	148,900	$658,000	added+77%	0.00 pp	2 q
VRNSVaronis Systems, Inc.	0.00%	22,300	$647,000	added×3.2	0.00 pp	2 q
unresolvedWestern Gas Partners LP	0.00%	7,937	$607,000	added+1%	0.00 pp	5 q
unresolvedYouku Inc ADR	0.00%	3,846	$92,000	trimmed−2%	0.00 pp	5 q
unresolvedZoes Kitchen Inc	0.00%	12,000	$413,000	new	0.00 pp	new
unresolvedMediWound Ltd	0.00%	27,300	$311,000	new	0.00 pp	new
unresolvedSodastream International Ltd	0.00%	15,000	$504,000	held	—	5 q
MMYTMakeMyTrip Limited	0.00%	2,625	$92,000	trimmed−38%	0.00 pp	2 q
unresolvedAngie's List	—	−2,152,550	—	exited	−0.11 pp	—
unresolvedPerrigo Co	—	−77,865	—	exited	−0.05 pp	—
TTEKTetra Tech Inc	—	−350,000	—	exited	−0.04 pp	—
CTXSCitrix Systems Inc	—	−132,467	—	exited	−0.03 pp	—
unresolvedImperva Inc	—	−143,690	—	exited	−0.03 pp	—
SFLYShutterfly, Inc.	—	−181,966	—	exited	−0.03 pp	—
BCCBoise Cascade Company	—	−182,800	—	exited	−0.02 pp	—
CRTOCriteo S.A.	—	−113,300	—	exited	−0.02 pp	—
unresolvedIntercontinental Exchange Ange	—	−26,869	—	exited	−0.02 pp	—
SPLKSplunk Inc	—	−64,160	—	exited	−0.02 pp	—
TPHTri Pointe Homes, Inc.	—	−362,027	—	exited	−0.02 pp	—
EBAYeBay Inc	—	−59,451	—	exited	−0.01 pp	—
unresolvedIsis Pharmaceuticals	—	−45,251	—	exited	−0.01 pp	—
HOLIHollysys Automation Technolo	—	−130,300	—	exited	−0.01 pp	—
ATROAstronics Corp	—	−8,800	—	exited	0.00 pp	—
unresolvedCredit Suisse Group Spon ADR	—	−16,000	—	exited	0.00 pp	—
EMREmerson Electric Co.	—	−415	—	exited	0.00 pp	—
unresolvedMicros Sys Inc	—	−3,076	—	exited	0.00 pp	—
unresolvedPowersecure International Inc	—	−25,100	—	exited	0.00 pp	—
PRLBProto Labs, Inc.	—	−585	—	exited	0.00 pp	—
unresolvedSciquest Inc	—	−27,000	—	exited	0.00 pp	—
unresolvedTesoro Corp	—	−3,877	—	exited	0.00 pp	—
ACNAccenture PLC	—	−605	—	exited	0.00 pp	—
GLREGreenlight Captial RE, LTD. Class A	—	−9,837	—	exited	0.00 pp	—
unresolvedFranks Intl N V	—	−16,153	—	exited	0.00 pp	—