Baron Capital

Q2 2015 13F · by Ron Baron, CEO

As of: Jun 30, 2015
Filed: Aug 14, 2015
US stock: $25.4B · prev $25.8B
Positions: 355 · prev 359
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%

Moves330 since the prior filing

+5.7 pp in · −5.8 pp out

New 23 +1.16 pp
Added 125 +4.51 pp
Trimmed 155 −4.26 pp
Exited 27 −1.58 pp

The book

Diversified · behaves like 101 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 20% a year, about 5.1 years per position

Low
Moderate
High

Top 5 positions12% of US stock

Positions355 in this filing · 27 exited


ITGartner, Inc.	2.90%	8,595,393	$737M	trimmed−1%	+0.07 pp	9 q
ACGLArch Capital Group Ltd	2.38%	9,046,565	$606M	trimmed−0%	+0.22 pp	9 q
FDSFactset Research Systems	2.33%	3,649,186	$593M	trimmed−1%	+0.05 pp	9 q
CSGPCoStar Group Inc	2.31%	2,920,254	$588M	added0%	+0.08 pp	9 q
MTNVail Resorts, Inc.	2.31%	5,376,563	$587M	held	—	9 q
MIDDMiddleby Corp	1.84%	4,167,999	$468M	trimmed−1%	+0.17 pp	9 q
IDXXIdexx Laboratories Inc	1.81%	7,171,279	$460M	trimmed−1%	−0.35 pp	9 q
unresolvedItc Hldgs Corp	1.77%	13,984,810	$450M	trimmed−5%	−0.37 pp	9 q
MTDMettler-Toledo International	1.77%	1,316,139	$449M	trimmed−3%	+0.05 pp	9 q
UAAUnder Armour, Inc.	1.77%	5,380,694	$449M	trimmed−2%	+0.06 pp	9 q
DKSDick's Sporting Goods, Inc.	1.65%	8,084,989	$419M	trimmed−6%	−0.24 pp	9 q
HHyatt Hotels Corporation	1.50%	6,718,889	$381M	trimmed−1%	−0.05 pp	9 q
GLPIGaming and Leisure Properties, Inc.	1.34%	9,297,501	$341M	added0%	+0.01 pp	7 q
ILMNIllumina Inc	1.30%	1,509,065	$330M	added+24%	+0.42 pp	9 q
TSLATesla, Inc.	1.29%	1,222,447	$328M	added+1%	+0.40 pp	6 q
unresolvedSBA Comms Corp	1.26%	2,797,601	$322M	trimmed−6%	−0.08 pp	9 q
BFAMBright Horizons Family Solutions Inc.	1.25%	5,517,414	$319M	trimmed−0%	+0.15 pp	9 q
UNFIUnited Natural Foods Inc	1.25%	4,994,383	$318M	added+1%	−0.23 pp	9 q
SSNCSS&C Technologies Inc	1.22%	4,983,740	$311M	added+4%	+0.06 pp	9 q
AKXAnsys Inc	1.20%	3,343,907	$305M	trimmed−1%	+0.05 pp	9 q
SCHWThe Charles Schwab Corporation	1.18%	9,184,959	$300M	added0%	+0.10 pp	9 q
CHHChoice Hotels Intnl.	1.17%	5,467,573	$297M	trimmed−2%	−0.22 pp	9 q
BKDBrookdale Senior Living, Inc.	1.16%	8,538,049	$296M	trimmed−5%	−0.16 pp	9 q
VRSKVerisk Analytics, Inc.	1.13%	3,935,770	$286M	trimmed−3%	+0.01 pp	9 q
MANUManchester United PLC	1.13%	16,149,730	$288M	trimmed−0%	+0.13 pp	9 q
GWREGuidewire Software, Inc.	1.11%	5,326,432	$282M	added+2%	+0.05 pp	9 q
KMXCarMax Inc.	1.04%	3,991,218	$264M	trimmed−6%	−0.09 pp	9 q
CYHCommunity Health Systems, Inc.	1.02%	4,103,991	$258M	trimmed−6%	+0.14 pp	9 q
GWRGenesee & Wyoming Inc.	1.01%	3,357,326	$256M	trimmed−13%	−0.43 pp	9 q
CSTECaesarstone Ltd.	1.00%	3,706,009	$254M	added+6%	+0.18 pp	9 q
MMSMAXIMUS, Inc.	0.98%	3,808,935	$250M	trimmed−0%	0.00 pp	9 q
FLTCorpay, Inc.	0.93%	1,509,876	$236M	trimmed−1%	+0.04 pp	9 q
unresolvedFinancial Engines	0.92%	5,479,989	$233M	added0%	+0.03 pp	9 q
EQIXEquinix, Inc.	0.87%	870,269	$221M	trimmed−0%	+0.08 pp	2 q
INOVInovalon Holdings Inc - A	0.87%	7,894,247	$220M	added+83%	+0.37 pp	2 q
CBRECbre Group, Inc.	0.81%	5,550,941	$205M	added+2%	−0.01 pp	9 q
AL1Sumisho Air Lease Corp	0.77%	5,806,026	$197M	trimmed−9%	−0.16 pp	9 q
TDGTransDigm Group Incorporated	0.77%	875,000	$197M	held	—	9 q
unresolvedThe Carlyle Group	0.76%	6,899,094	$194M	added0%	+0.04 pp	9 q
unresolvedMobileye Nv	0.75%	3,567,164	$190M	added×2.7	+0.54 pp	4 q
DOORMasonite International Corp	0.71%	2,568,554	$180M	added+11%	+0.11 pp	5 q
VACMarriott Vacations Worldwide Corporation	0.68%	1,893,388	$174M	trimmed−3%	+0.07 pp	9 q
THSTreehouse Foods, Inc.	0.67%	2,091,384	$169M	trimmed−26%	−0.25 pp	9 q
BNFTBenefitfocus, Inc.	0.66%	3,832,772	$168M	added+2%	+0.13 pp	7 q
PRIPrimerica, Inc.	0.65%	3,608,265	$165M	added0%	−0.06 pp	9 q
unresolvedColfax Corp	0.64%	3,542,569	$163M	trimmed−22%	−0.19 pp	9 q
FASTFastenal Co	0.63%	3,770,502	$159M	trimmed−12%	−0.05 pp	9 q
MSCIMSCI, Inc.	0.62%	2,549,717	$157M	held	—	9 q
TRGPTarga Resources Corp.	0.62%	1,757,994	$157M	trimmed−11%	−0.11 pp	9 q
CHDChurch & Dwight Co., Inc.	0.60%	1,876,365	$152M	trimmed−4%	−0.04 pp	9 q
unresolvedPinnacle Entertainment Inc.	0.60%	4,112,178	$153M	trimmed−0%	+0.02 pp	9 q
DEIDouglas Emmett, Inc.	0.59%	5,533,193	$149M	trimmed−1%	−0.05 pp	9 q
unresolvedNord Anglia Education Inc	0.59%	6,133,348	$150M	added+9%	+0.09 pp	5 q
AYIAcuity Inc.	0.58%	825,000	$148M	held	—	9 q
WSTWest Pharmaceutical Services, Inc.	0.58%	2,543,961	$148M	added0%	−0.01 pp	9 q
BERYBerry Global Group, Inc.	0.57%	4,500,000	$146M	held	—	9 q
PENNPENN Entertainment, Inc.	0.56%	7,762,648	$142M	trimmed−0%	+0.09 pp	9 q
unresolvedFEI Company	0.48%	1,475,515	$122M	trimmed−2%	+0.04 pp	9 q
MORNMorningstar, Inc.	0.48%	1,534,883	$122M	trimmed−6%	+0.01 pp	9 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.48%	2,170,865	$122M	added+34%	+0.14 pp	9 q
GNRCGenerac Holdings Inc	0.47%	3,029,615	$120M	trimmed−21%	−0.26 pp	9 q
unresolvedUltimate Software Group Inc	0.47%	727,391	$120M	trimmed−0%	−0.01 pp	9 q
unresolvedWaste Connections Inc	0.46%	2,500,000	$118M	held	—	9 q
OAKOaktree Capital Group, LLC	0.44%	2,089,804	$111M	added0%	+0.02 pp	9 q
BAHBooz Allen Hamilton Holding Corporation	0.43%	4,382,573	$111M	trimmed−8%	−0.10 pp	9 q
unresolvedPanera Bread Co	0.43%	626,350	$109M	added+7%	+0.07 pp	9 q
DXCMDexCom, Inc.	0.42%	1,337,607	$107M	trimmed−0%	+0.10 pp	9 q
unresolvedLasalle Hotel Pptys	0.42%	3,046,785	$108M	trimmed−13%	−0.11 pp	9 q
ALXAlexander's Inc.	0.41%	255,771	$105M	trimmed−1%	−0.04 pp	9 q
AREAlexandria Real Estate Equities, Inc.	0.41%	1,187,491	$104M	added+3%	−0.03 pp	9 q
TECHBio-Techne Corp.	0.41%	1,051,931	$104M	trimmed−0%	0.00 pp	3 q
CNSCohen & Steers Inc.	0.40%	3,002,381	$102M	trimmed−4%	−0.10 pp	9 q
DPLODiplomat Pharmacy, Inc.	0.40%	2,289,609	$102M	added+10%	+0.12 pp	3 q
TREXTrex Company, Inc.	0.38%	1,976,962	$98M	added+1%	−0.03 pp	6 q
unresolvedOn Assignment Inc	0.37%	2,425,140	$95M	added+11%	+0.05 pp	9 q
unresolvedClubcorp Holdings Inc	0.36%	3,791,329	$91M	added×2.3	+0.24 pp	7 q
unresolvedGlobe Specialty Metals Inc	0.36%	5,104,900	$90M	added+12%	+0.03 pp	9 q
ZGZillow Group Inc Class A	0.36%	1,045,640	$91M	added×2.2	+0.18 pp	2 q
ACIWACI Worldwide, Inc.	0.34%	3,500,000	$86M	held	—	9 q
SAMBoston Beer Company	0.34%	368,785	$86M	added+4%	−0.03 pp	9 q
CPRTCopart Inc	0.34%	2,447,507	$87M	trimmed−30%	−0.17 pp	9 q
unresolvedMattress Firm Hldg Corp	0.34%	1,430,000	$87M	added0%	−0.04 pp	9 q
unresolvedTowers Watson & Co.	0.34%	688,235	$87M	added+8%	+0.02 pp	5 q
IRDMIridium Communications Inc.	0.33%	9,113,171	$83M	held	—	5 q
unresolvedMadison Square Garden Co	0.33%	1,000,000	$83M	held	—	9 q
WEXWEX Inc.	0.33%	744,432	$85M	trimmed−0%	+0.02 pp	9 q
unresolvedDiamond Resorts Intl Inc	0.32%	2,544,328	$80M	added+3%	0.00 pp	8 q
unresolvedDigitalglobe Inc	0.31%	2,870,378	$80M	added+4%	−0.05 pp	9 q
unresolvedHilton Worldwide Hldgs Inc	0.31%	2,883,758	$79M	added+10%	+0.01 pp	3 q
unresolvedInterval Leisure Group Inc	0.31%	3,470,357	$79M	trimmed−1%	−0.05 pp	9 q
JLLJones Lang LaSalle, Inc.	0.30%	447,113	$76M	added+23%	+0.06 pp	9 q
ICLRIcon Plc	0.30%	1,138,759	$77M	trimmed−22%	−0.10 pp	9 q
unresolvedPriceline Grp Inc	0.29%	63,508	$73M	trimmed−3%	0.00 pp	9 q
MCMoelis & Company	0.28%	2,503,365	$72M	added+64%	+0.10 pp	5 q
CLBCore Laboratories Inc.	0.28%	618,020	$70M	trimmed−18%	−0.03 pp	9 q
PSXPPhillips 66 Partners LP	0.27%	966,454	$70M	trimmed−13%	−0.03 pp	8 q
CGNXCognex Corp	0.26%	1,400,000	$67M	held	—	9 q
LKQLKQ Corporation	0.26%	2,177,223	$66M	trimmed−16%	0.00 pp	9 q
unresolvedSmart & Final Stores Inc	0.26%	3,650,498	$65M	added×5.4	+0.21 pp	2 q
CSUSonida Senior Living, Inc.	0.25%	2,573,815	$63M	trimmed−0%	−0.01 pp	9 q
BIPBrookfield Infrastructure Partners L.P.	0.25%	1,451,165	$65M	added+24%	+0.04 pp	9 q
unresolvedNielsen Holdings N V	0.25%	1,392,572	$62M	trimmed−14%	−0.03 pp	9 q
APAMArtisan Partners Asset Management Inc.	0.24%	1,288,102	$60M	trimmed−1%	+0.01 pp	9 q
unresolvedCooper Cos Inc/The	0.24%	344,233	$61M	trimmed−2%	−0.02 pp	6 q
WYNTravel + Leisure Co.	0.24%	743,729	$61M	trimmed−3%	−0.03 pp	9 q
CTLTCatalent, Inc.	0.23%	2,000,000	$59M	added+8%	+0.01 pp	4 q
HDHome Depot, Inc.	0.23%	518,516	$58M	held	—	7 q
MHKMohawk Industries, Inc.	0.23%	309,719	$59M	trimmed−9%	−0.02 pp	9 q
HSICHenry Schein Inc	0.23%	402,842	$57M	trimmed−1%	+0.01 pp	9 q
UHSUniversal Health Services, Inc. Class B	0.23%	409,618	$58M	trimmed−1%	+0.04 pp	9 q
BABAAlibaba Group Holding Limited	0.22%	678,096	$56M	added+25%	+0.05 pp	4 q
CLHClean Harbors, Inc	0.22%	1,050,000	$56M	held	—	9 q
HQYHealthEquity, Inc	0.22%	1,781,213	$57M	added0%	+0.05 pp	4 q
SYNHSyneos Health, Inc. Class A	0.22%	1,405,028	$56M	added+92%	+0.13 pp	3 q
MGMMgm Resorts International	0.22%	3,033,175	$55M	added+2%	−0.02 pp	2 q
EWEdwards Lifesciences Corp	0.21%	379,466	$54M	trimmed−34%	−0.10 pp	9 q
NDSNNordson Corp	0.21%	684,082	$53M	held	—	9 q
PEGAPegasystems Inc	0.21%	2,380,024	$54M	trimmed−15%	−0.03 pp	9 q
unresolvedPress Ganey Holdings Inc	0.21%	1,840,000	$53M	new	+0.21 pp	new
unresolvedSpectranetics Corp	0.21%	2,340,509	$54M	added×2.7	+0.09 pp	7 q
unresolvedTerraform Pwr Inc	0.21%	1,387,687	$53M	added+58%	+0.09 pp	4 q
TOLToll Brothers, Inc.	0.21%	1,411,495	$54M	held	—	9 q
unresolvedValero Energy Partners LP	0.21%	1,050,800	$54M	added+12%	+0.03 pp	7 q
unresolvedScorpio Tankers Inc	0.21%	5,195,004	$52M	added+1%	+0.02 pp	9 q
FGAAmerican Campus Communities	0.20%	1,344,404	$51M	trimmed−2%	−0.03 pp	9 q
unresolvedCepheid	0.20%	846,834	$52M	trimmed−2%	+0.01 pp	9 q
CAKECheesecake Factory (The)	0.20%	950,000	$52M	trimmed−14%	−0.01 pp	9 q
CXOConcho Resources Inc.	0.20%	436,410	$50M	trimmed−1%	0.00 pp	9 q
unresolvedIconix Brand Group Inc	0.20%	2,000,000	$50M	held	—	9 q
unresolvedPlatform Specialty Prods Cor	0.20%	2,000,000	$51M	held	—	6 q
ROPRoper Technologies, Inc.	0.20%	294,340	$51M	trimmed−0%	0.00 pp	9 q
SLGSL Green Realty Corp.	0.20%	459,069	$50M	held	—	9 q
SSTKShutterstock, Inc.	0.20%	881,650	$52M	trimmed−5%	−0.05 pp	9 q
WABWabtec Inc.	0.20%	553,056	$52M	added+10%	+0.01 pp	8 q
TSCOTractor Supply Co	0.19%	532,514	$48M	trimmed−0%	+0.01 pp	9 q
BJRIBJ's Restaurants, Inc.	0.18%	950,000	$46M	held	—	9 q
unresolvedBrookfield Asset Mgmt Inc	0.18%	1,337,761	$47M	added+52%	0.00 pp	9 q
BLDRBuilders FirstSource, Inc.	0.18%	3,491,418	$45M	added+11%	+0.10 pp	9 q
HHCThe Howard Hughes Corporation	0.18%	316,993	$46M	held	—	9 q
MSMMSC Industrial Direct Co., Inc. Class A	0.18%	648,615	$45M	held	—	9 q
unresolvedStrategic Hotels & Resorts Inc	0.18%	3,773,202	$46M	added+45%	+0.05 pp	9 q
VMIValmont Industries, Inc.	0.18%	380,028	$45M	trimmed−22%	−0.05 pp	9 q
unresolvedAirgas Inc	0.17%	401,333	$42M	trimmed−5%	0.00 pp	9 q
AMTAmerican Tower Corporation	0.17%	463,079	$43M	trimmed−0%	0.00 pp	9 q
CHEFThe Chef's Warehouse Inc	0.17%	2,093,960	$44M	held	—	9 q
unresolvedLiberty Media Corp Delaware	0.17%	1,200,000	$43M	trimmed−3%	−0.01 pp	4 q
unresolvedLinkedin Corp Cl A	0.17%	211,510	$44M	added+2%	−0.03 pp	9 q
PRAHPRA Health Sciences, Inc.	0.17%	1,171,449	$43M	trimmed−1%	+0.04 pp	3 q
DFRGDel Frisco's Restaurant Group, Inc.	0.16%	2,250,000	$42M	trimmed−1%	−0.02 pp	8 q
unresolvedForest City Enterprises Inc	0.16%	1,863,751	$41M	added+5%	−0.01 pp	9 q
LSTRLandstar System Inc	0.16%	593,300	$40M	held	—	9 q
unresolvedStarwood HOTELS&RESORTS Wrld	0.16%	505,054	$41M	trimmed−4%	−0.01 pp	9 q
VRSNVeriSign Inc	0.16%	674,733	$42M	trimmed−1%	−0.02 pp	9 q
ESNTEssent Group LTD	0.16%	1,480,950	$41M	held	—	7 q
AATAmerican Assets Trust, Inc.	0.15%	945,700	$37M	trimmed−1%	−0.01 pp	9 q
CMDCantel Medical Corporation	0.15%	700,000	$38M	held	—	3 q
CHSPChesapeake Lodging Trust	0.15%	1,250,000	$38M	held	—	9 q
TCSThe Container Store Group, Inc.	0.15%	2,203,396	$37M	trimmed−13%	−0.04 pp	7 q
EFIIElectronics for Imaging	0.15%	890,000	$39M	added+78%	+0.07 pp	2 q
unresolvedFlotek Industries Inc DEL	0.15%	2,945,948	$37M	added+5%	−0.01 pp	8 q
IEXIDEX Corporation	0.15%	496,083	$39M	trimmed−0%	0.00 pp	4 q
PAGPenske Automotive Group, Inc.	0.15%	750,000	$39M	held	—	9 q
SUMSummit Materials, Inc. Class A	0.15%	1,450,000	$37M	added+16%	+0.04 pp	2 q
KWKennedy-wilson Holdings, Inc.	0.14%	1,431,920	$35M	trimmed−0%	0.00 pp	9 q
unresolvedQuintiles Transnatio Hldgs I	0.14%	482,339	$35M	added+4%	+0.02 pp	9 q
SHLXShell Midstream Partners, L.P.	0.14%	773,170	$35M	added0%	+0.02 pp	3 q
SRCLStericycle Inc	0.14%	274,057	$37M	trimmed−0%	−0.01 pp	9 q
TEGPTallgrass Energy GP, LP	0.14%	1,146,446	$37M	new	+0.14 pp	new
TIFTiffany & Co.	0.14%	386,159	$35M	trimmed−0%	+0.01 pp	9 q
unresolvedIHS Inc 'A'	0.13%	260,100	$33M	trimmed−0%	+0.02 pp	9 q
LOWLowe's Companies Inc.	0.13%	489,492	$33M	held	—	9 q
RBCRBC Bearings Incorporated	0.13%	473,157	$34M	added+35%	+0.03 pp	3 q
SPGSimon Property Group, Inc.	0.13%	197,857	$34M	added+4%	−0.01 pp	9 q
SUNEQSunedison Inc	0.13%	1,137,223	$34M	added×2.2	+0.08 pp	6 q
VIRTVirtu Financial, Inc. Class A	0.13%	1,405,236	$33M	new	+0.13 pp	new
unresolvedAcxiom Corp	0.12%	1,697,998	$30M	added+1%	0.00 pp	9 q
FRCBFirst Republic Bk CA	0.12%	493,642	$31M	added+23%	+0.03 pp	9 q
TROWT Rowe Price Group Inc	0.12%	388,678	$30M	trimmed−2%	0.00 pp	9 q
RXNZurn Elkay Water Solutions Corporation	0.12%	1,287,615	$31M	trimmed−16%	−0.04 pp	9 q
unresolvedTumi Holdings Inc.	0.12%	1,500,000	$31M	trimmed−18%	−0.05 pp	9 q
ACADAcadia Pharmaceuticals Inc.	0.11%	639,100	$27M	added+5%	+0.03 pp	6 q
AVBAvalonBay Communities, Inc.	0.11%	169,080	$27M	added+30%	+0.02 pp	3 q
CERNCerner Corp	0.11%	387,243	$27M	trimmed−7%	−0.01 pp	9 q
unresolvedGeneral Growth Pptys Inc New	0.11%	1,059,767	$27M	added+9%	0.00 pp	3 q
HPHelmerich & Payne, Inc.	0.11%	409,039	$29M	trimmed−42%	−0.08 pp	9 q
MNROMonro, Inc.	0.11%	450,000	$28M	held	—	3 q
SHOSunstone Hotel Investors, Inc.	0.11%	1,879,213	$28M	trimmed−4%	−0.02 pp	9 q
AMZNAmazon.Com Inc	0.10%	60,036	$26M	trimmed−2%	+0.01 pp	9 q
BXPBXP, Inc.	0.10%	210,573	$25M	added+13%	0.00 pp	9 q
SCORcomScore, Inc.	0.10%	500,000	$27M	held	—	6 q
unresolvedExamworks Group Inc	0.10%	668,700	$26M	added0%	−0.01 pp	4 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.10%	285,000	$25M	held	—	9 q
HCSGHealthcare Services Group	0.10%	750,000	$25M	new	+0.10 pp	new
HMHCHoughton Mifflin Harcourt Company	0.10%	1,021,511	$26M	new	+0.10 pp	new
TILEInterface Inc	0.10%	1,000,000	$25M	held	—	9 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.10%	1,100,000	$25M	held	—	9 q
TALTAL Education Group	0.10%	743,764	$26M	added+4%	+0.01 pp	6 q
METAMeta Platforms, Inc. Class A	0.09%	269,280	$23M	trimmed−2%	0.00 pp	9 q
Iridium Communications Iconvertible	0.09%	66,300	$22M	held	—	2 q
PLDPrologis, Inc.	0.09%	611,262	$23M	added+15%	0.00 pp	3 q
EPAYBottomline Technologies Inc	0.08%	729,250	$20M	trimmed−25%	−0.02 pp	9 q
unresolvedColumbia Pipeline Partners L	0.08%	828,959	$21M	added+26%	+0.01 pp	2 q
CTRPTrip.com Group Limited	0.08%	295,347	$21M	added+40%	+0.03 pp	2 q
unresolvedDominion Midstream Partners	0.08%	529,511	$20M	added0%	−0.01 pp	3 q
FOSLFossil Group, Inc.	0.08%	300,000	$21M	trimmed−29%	−0.06 pp	8 q
unresolvedGrubhub Inc	0.08%	562,322	$19M	added+34%	+0.01 pp	5 q
NEOGNeogen Corp	0.08%	445,596	$21M	added×2.9	+0.07 pp	9 q
PBFXPbf Logistics LP	0.08%	800,000	$19M	trimmed−0%	+0.01 pp	5 q
AWIArmstrong World Industries, Inc.	0.07%	334,531	$18M	new	+0.07 pp	new
unresolved8POINT3 Energy Partners LP	0.07%	1,000,000	$19M	new	+0.07 pp	new
FETForum Energy Technologies, Inc.	0.07%	873,742	$18M	added0%	0.00 pp	9 q
JMEINJumei International-adr	0.07%	750,000	$17M	new	+0.07 pp	new
unresolvedSfx Entmt Inc	0.07%	3,750,000	$17M	held	—	7 q
unresolvedWestern Refng Logistics LP	0.07%	604,839	$18M	trimmed−25%	−0.02 pp	7 q
FEYEFireEye, Inc.	0.06%	323,312	$16M	added+9%	+0.01 pp	7 q
GGGGraco Inc	0.06%	200,000	$14M	trimmed−43%	−0.04 pp	9 q
unresolvedKeyw Holding Corp	0.06%	1,627,319	$15M	trimmed−20%	0.00 pp	9 q
LBRDKLiberty Broadband Corporation Class C	0.06%	300,000	$15M	trimmed−3%	−0.01 pp	3 q
unresolvedRally Software Dev Corp	0.06%	781,822	$15M	trimmed−66%	−0.08 pp	7 q
RLRalph Lauren Corporation	0.06%	115,979	$15M	trimmed−45%	−0.05 pp	9 q
RHTRed Hat Inc	0.06%	204,787	$16M	trimmed−15%	−0.01 pp	9 q
WBCWabco Holdings Inc.	0.06%	131,132	$16M	added+3%	0.00 pp	2 q
unresolvedWuxi Pharmatech Adr	0.06%	341,500	$14M	held	—	9 q
unresolvedAdvent Software Inc	0.05%	275,000	$12M	trimmed−93%	−0.67 pp	9 q
ALXNAlexion Pharmaceuticals Inc	0.05%	69,764	$13M	added+69%	+0.02 pp	6 q
unresolvedBonanza Creek Energy Inc	0.05%	665,048	$12M	added+3%	−0.01 pp	9 q
unresolvedFoundation Medicine	0.05%	372,207	$13M	trimmed−56%	−0.11 pp	7 q
MAMastercard Incorporated	0.05%	138,310	$13M	trimmed−1%	0.00 pp	9 q
unresolvedQihoo 360 Technology Co. ADR	0.05%	197,000	$13M	new	+0.05 pp	new
unresolvedRyanair Holdings PLC ADR	0.05%	177,483	$13M	trimmed−8%	0.00 pp	9 q
unresolvedWestern Gas Equity Partners	0.05%	209,286	$13M	added+3%	0.00 pp	9 q
WLKPWestlake Chemical Partners LP	0.05%	610,050	$13M	trimmed−32%	−0.04 pp	4 q
unresolvedAbengoa Yield PLC	0.05%	397,184	$12M	new	+0.05 pp	new
AAPLApple Inc.	0.04%	73,821	$9M	trimmed−4%	0.00 pp	9 q
unresolvedGoogle Inc.	0.04%	21,040	$11M	added+64%	+0.01 pp	9 q
unresolvedIpc The Hospitalist Co Inc	0.04%	193,765	$11M	trimmed−19%	0.00 pp	9 q
unresolvedLiberty Media Corp Delaware	0.04%	300,000	$11M	trimmed−25%	−0.02 pp	9 q
37MMrc Global Inc	0.04%	608,875	$9M	trimmed−0%	+0.01 pp	9 q
NFLXNetFlix Inc	0.04%	13,810	$9M	trimmed−44%	0.00 pp	8 q
unresolvedSoufun Holdings Ltd ADR	0.04%	1,320,000	$11M	new	+0.04 pp	new
GLNGGolar LNG Ltd	0.04%	204,128	$10M	trimmed−5%	+0.01 pp	9 q
MLNXMellanox Technologies Ltd	0.04%	204,868	$10M	trimmed−5%	0.00 pp	8 q
CDKCDK Global, Inc.	0.03%	153,453	$8M	new	+0.03 pp	new
ENVEnvestnet, Inc.	0.03%	185,016	$7M	added+1%	−0.01 pp	7 q
GOOGAlphabet Inc. Class C	0.03%	16,132	$8M	added+1%	0.00 pp	5 q
LBRDALiberty Broadband Corporation Class A	0.03%	150,000	$8M	trimmed−3%	0.00 pp	3 q
MANHManhattan Associates Inc	0.03%	109,512	$7M	held	—	4 q
MDSOMedidata Solutions, Inc.	0.03%	122,944	$7M	trimmed−17%	0.00 pp	7 q
NCMINational CineMedia, Inc.	0.03%	433,000	$7M	trimmed−13%	0.00 pp	9 q
unresolvedRestoration Hardware Hldgs I	0.03%	65,739	$6M	trimmed−3%	0.00 pp	7 q
CRMSalesforce, Inc.	0.03%	116,072	$8M	trimmed−5%	0.00 pp	9 q
SSLSasol Limited	0.03%	200,000	$7M	added+67%	+0.01 pp	2 q
SBUXStarbucks Corp	0.03%	141,988	$8M	held	—	9 q
VVISA Inc.	0.03%	110,895	$7M	added+8%	0.00 pp	9 q
unresolvedSteiner Leisure Ltd	0.03%	159,328	$9M	new	+0.03 pp	new
1885807DAthenahealth Inc	0.02%	50,098	$6M	trimmed−34%	−0.01 pp	6 q
CMECME Group Inc.	0.02%	42,589	$4M	added+7%	+0.01 pp	9 q
unresolvedCapital Acqusition Corp II	0.02%	567,073	$6M	new	+0.02 pp	new
FWMFairway Group Hldgs Corp Cl A Com Stk (De)	0.02%	1,250,000	$4M	held	—	9 q
FELEFranklin Electric Co Inc	0.02%	120,950	$4M	trimmed−65%	−0.03 pp	4 q
LTRPALiberty TripAdvisor Holdings, Inc. Series A	0.02%	194,737	$6M	trimmed−13%	−0.01 pp	4 q
ORLYO'Reilly Automotive, Inc.	0.02%	26,724	$6M	trimmed−3%	0.00 pp	9 q
PEParsley Energy Inc	0.02%	341,900	$6M	added+91%	+0.01 pp	5 q
PRTYParty City Holdco Inc.	0.02%	250,000	$5M	new	+0.02 pp	new
unresolvedPrecision Castparts Corp	0.02%	30,190	$6M	trimmed−10%	−0.01 pp	9 q
QLYSQualys, Inc.	0.02%	111,632	$5M	added×2.8	+0.01 pp	6 q
REGNRegeneron Pharmaceuticals Inc	0.02%	7,479	$4M	trimmed−0%	+0.01 pp	6 q
RHIRobert Half Inc.	0.02%	77,600	$4M	held	—	9 q
unresolvedSirona Dental Systems Inc	0.02%	63,252	$6M	trimmed−6%	0.00 pp	9 q
TWTRTwitter, Inc.	0.02%	137,616	$5M	trimmed−50%	−0.03 pp	7 q
unresolvedWhiteWave Foods Co	0.02%	89,871	$4M	trimmed−8%	0.00 pp	4 q
WDAYWorkday, Inc. Class A	0.02%	75,011	$6M	trimmed−3%	−0.01 pp	6 q
YUMYum! Brands, Inc.	0.02%	47,128	$4M	added+11%	+0.01 pp	9 q
ASMLASML Holding NV	0.02%	39,739	$4M	trimmed−3%	0.00 pp	8 q
AACHAac Holdings Inc	0.01%	30,000	$1M	trimmed−14%	+0.01 pp	3 q
ALGNAlign Technology Inc	0.01%	27,500	$2M	held	—	9 q
AMBRAmber Road Inc	0.01%	350,300	$2M	added+15%	0.00 pp	5 q
APCAnadarko Petroleum Corp	0.01%	19,039	$1M	added+1%	0.00 pp	9 q
unresolvedBarracuda Networks Inc	0.01%	42,100	$2M	trimmed−19%	0.00 pp	7 q
BIIBBiogen Inc.	0.01%	9,144	$4M	held	—	6 q
BOOTBoot Barn Holdings, Inc.	0.01%	50,000	$2M	trimmed−17%	0.00 pp	3 q
CTRACoterra Energy Inc.	0.01%	78,200	$2M	added+18%	0.00 pp	7 q
CHUYChuy's Holdings, Inc.	0.01%	65,000	$2M	trimmed−24%	0.00 pp	2 q
COHRCoherent Corp.	0.01%	22,660	$1M	held	—	9 q
COSTCostco Wholesale Corp	0.01%	15,729	$2M	trimmed−0%	0.00 pp	9 q
EOGEOG Resources, Inc.	0.01%	15,068	$1M	added+1%	0.00 pp	8 q
ECLEcolab, Inc.	0.01%	33,100	$4M	trimmed−40%	−0.01 pp	9 q
ETEnergy Transfer LP	0.01%	26,500	$2M	added+1%	0.00 pp	3 q
unresolvedFidelity National Financial	0.01%	150,000	$2M	held	—	2 q
FRGIFiesta Restaurant Group, Inc.	0.01%	40,000	$2M	added+14%	0.00 pp	5 q
GKOSGlaukos Corporation	0.01%	92,600	$3M	new	+0.01 pp	new
unresolvedGol Linhas Aereas Intlg S A	0.01%	1,272,359	$3M	trimmed−54%	−0.02 pp	5 q
GPORGulfport Energy Corporation	0.01%	56,836	$2M	added+10%	0.00 pp	9 q
HALHalliburton Company	0.01%	58,796	$3M	trimmed−92%	−0.08 pp	9 q
INGNInogen Inc	0.01%	36,700	$2M	trimmed−44%	0.00 pp	6 q
XENTIntersect ENT, Inc	0.01%	64,000	$2M	trimmed−28%	0.00 pp	4 q
LPIVital Energy Inc	0.01%	163,000	$2M	added+4%	0.00 pp	2 q
MTSIMACOM Technology Solutions Holdings, Inc	0.01%	52,800	$2M	added+62%	+0.01 pp	2 q
MPCMarathon Petroleum Corporation	0.01%	35,356	$2M	added+31%	0.00 pp	9 q
MRCYMercury Systems Inc.	0.01%	134,303	$2M	added+53%	0.00 pp	2 q
unresolvedMonsanto Co	0.01%	31,973	$3M	held	—	9 q
NNBRNN Inc	0.01%	80,500	$2M	added+56%	+0.01 pp	2 q
unresolvedNewfield Expl Co	0.01%	93,800	$3M	added+12%	0.00 pp	2 q
NBLNoble Energy, Inc.	0.01%	49,349	$2M	added+60%	0.00 pp	9 q
unresolvedRsp Permian Inc	0.01%	73,500	$2M	added+1%	0.00 pp	6 q
REXRRexford Industrial Realty, Inc.	0.01%	170,000	$2M	added+13%	0.00 pp	3 q
SMSM Energy Company	0.01%	59,648	$3M	added+12%	0.00 pp	9 q
SEMGSemgroup Corp-class A	0.01%	31,100	$2M	added+21%	0.00 pp	3 q
SIENSientra, Inc.	0.01%	80,500	$2M	held	—	3 q
SUNSunoco LP	0.01%	56,217	$3M	held	—	3 q
unresolvedSuperior Energy Services Inc	0.01%	91,257	$2M	added+1%	0.00 pp	9 q
unresolvedTallgrass Energy Partners LP	0.01%	35,140	$2M	trimmed−21%	0.00 pp	9 q
VRNSVaronis Systems, Inc.	0.01%	91,600	$2M	added+26%	0.00 pp	6 q
VMWVMware, Inc	0.01%	40,401	$3M	added+20%	0.00 pp	6 q
unresolvedWhole Foods Market	0.01%	55,559	$2M	trimmed−1%	0.00 pp	9 q
WINGWingstop Inc	0.01%	60,000	$2M	new	+0.01 pp	new
unresolvedZoes Kitchen Inc	0.01%	60,000	$2M	added×2.6	+0.01 pp	5 q
CJESC&J Energy Services Ltd	0.01%	138,800	$2M	new	+0.01 pp	new
CHKPCheck Point Software Technologies Ltd	0.01%	39,740	$3M	added+6%	0.00 pp	9 q
AERIAerie Pharmaceuticals, Inc.	0.00%	2,448	$43,000	trimmed−99%	−0.04 pp	4 q
AAgilent Technologies Inc.	0.00%	28,900	$1M	trimmed−15%	−0.01 pp	9 q
ARAntero Resources Corporation	0.00%	21,900	$752,000	added+28%	0.00 pp	7 q
unresolvedAshford Hospitality Prime Inc	0.00%	50,000	$751,000	new	0.00 pp	new
ATRAGBXAtara Biotherapeutics Inc	0.00%	7,000	$369,000	trimmed−94%	−0.02 pp	2 q
ATLSAtlas Energy Grp,llc Com Units Repstg Ltd (De)	0.00%	201,735	$1M	added+47%	0.00 pp	2 q
BIDUBaidu, Inc.	0.00%	1,037	$206,000	held	—	9 q
BIOSOption Care Health, Inc.	0.00%	252,500	$917,000	trimmed−32%	−0.01 pp	7 q
CHRWC.H. Robinson Worldwide, Inc.	0.00%	2,080	$130,000	trimmed−20%	0.00 pp	9 q
CERSCerus Corp	0.00%	150,000	$778,000	added+12%	0.00 pp	3 q
unresolvedCoupons.com, Inc.	0.00%	50,000	$539,000	trimmed−29%	0.00 pp	6 q
ESPREsperion Therapeutics Inc Ne	0.00%	12,200	$997,000	trimmed−50%	−0.01 pp	4 q
FLSFlowserve Corporation	0.00%	11,600	$611,000	added+1%	0.00 pp	7 q
GRFSGrifois, S.A.	0.00%	33,000	$1M	trimmed−13%	0.00 pp	9 q
IBNICICI Bank Limited	0.00%	13,495	$141,000	held	—	9 q
MEOHMethanex Corp	0.00%	19,000	$1M	added+1%	0.00 pp	2 q
unresolvedNeovasc Inc	0.00%	11,660	$80,000	new	0.00 pp	new
unresolvedNovadaq Technologies Inc	0.00%	70,000	$848,000	added+22%	0.00 pp	7 q
OASOasis Petroleum Inc	0.00%	73,038	$1M	added+1%	0.00 pp	9 q
OISOil States International, Inc.	0.00%	17,031	$634,000	added+1%	0.00 pp	9 q
unresolvedPerfect World Co Ltd	0.00%	46,865	$929,000	trimmed−94%	−0.05 pp	6 q
PRIMPrimoris Services Corporation	0.00%	61,802	$1M	added+73%	0.00 pp	9 q
unresolvedQunar ADR	0.00%	4,770	$204,000	held	—	7 q
RNETRigNet, Inc.	0.00%	20,690	$632,000	added+1%	0.00 pp	9 q
unresolvedRose Rock Midstream L P	0.00%	9,242	$432,000	trimmed−46%	0.00 pp	9 q
SG7Sage Therapeutics Inc	0.00%	7,500	$547,000	new	0.00 pp	new
SHOPShopify Inc. Class A subordinate voting shares	0.00%	10,000	$339,000	new	0.00 pp	new
SUSuncor Energy, Inc.	0.00%	46,000	$1M	held	—	8 q
SYTSyngenta Ag-adr	0.00%	7,000	$571,000	trimmed−40%	0.00 pp	9 q
TXMDTherapeuticsMD, Inc.	0.00%	160,000	$1M	trimmed−32%	−0.01 pp	6 q
UFIUNIFI, Inc. New	0.00%	27,500	$921,000	trimmed−17%	0.00 pp	2 q
unresolvedUnilife Corp	0.00%	333,477	$717,000	trimmed−52%	−0.01 pp	3 q
unresolvedWhiting Pete Corp New	0.00%	13,058	$439,000	added+1%	0.00 pp	3 q
KRNTKornit Digital Ltd.	0.00%	54,950	$756,000	new	0.00 pp	new
MMYTMakeMyTrip Limited	0.00%	3,006	$59,000	held	—	6 q
SDLPSeadrill Partners LLC	0.00%	4,853	$60,000	held	—	9 q
unresolvedHomeaway Inc	—	−2,844,673	—	exited	−0.33 pp	—
WYNNWynn Resorts Ltd	—	−524,690	—	exited	−0.26 pp	—
unresolvedPall Corp	—	−594,622	—	exited	−0.23 pp	—
LVSLas Vegas Sands Corp.	—	−496,927	—	exited	−0.11 pp	—
unresolvedAuspex Pharmaceuticals Inc	—	−250,000	—	exited	−0.10 pp	—
KNKnowles Corporation	—	−1,250,000	—	exited	−0.09 pp	—
VNOVornado Realty Trust	—	−201,177	—	exited	−0.09 pp	—
NOVNOV Inc.	—	−445,596	—	exited	−0.08 pp	—
unresolvedReceptos Inc	—	−91,088	—	exited	−0.06 pp	—
unresolvedLumber Liquidators Hldgs Inc	—	−400,000	—	exited	−0.05 pp	—
PRGOPerrigo Company PLC	—	−76,494	—	exited	−0.05 pp	—
unresolvedEducation Realty Trust, Inc.	—	−246,577	—	exited	−0.03 pp	—
PCRXPacira BioSciences, Inc.	—	−82,380	—	exited	−0.03 pp	—
DHID.R. Horton Inc.	—	−204,420	—	exited	−0.02 pp	—
SQMSociedad Quimica y Minera de Chile SA	—	−250,000	—	exited	−0.02 pp	—
SXCPSunCoke Energy Partners, L.P.	—	−300,000	—	exited	−0.02 pp	—
HABTThe Habit Restaurants, Inc. - Class A	—	−58,296	—	exited	−0.01 pp	—
unresolvedC&J Energy Svcs Inc	—	−100,200	—	exited	0.00 pp	—
unresolvedDiamond Foods Inc	—	−43	—	exited	0.00 pp	—
DISCKDiscovery Inc-c	—	−7,379	—	exited	0.00 pp	—
STAYExtended Stay America, Inc. Paired Share	—	−41,572	—	exited	0.00 pp	—
unresolvedInventure Foods Inc	—	−85,000	—	exited	0.00 pp	—
RVNCRevance Therapeutics, Inc.	—	−30,000	—	exited	0.00 pp	—
SFMSprouts Farmers Market, Inc.	—	−17,038	—	exited	0.00 pp	—
unresolvedTesco Corp	—	−55,400	—	exited	0.00 pp	—
unresolvedTesoro Logistics LP	—	−11,728	—	exited	0.00 pp	—
unresolvedWestern Gas Partners LP	—	−9,537	—	exited	0.00 pp	—