Baron Capital

Q1 2017 13F · by Ron Baron, CEO

As of: Mar 31, 2017
Filed: May 15, 2017
US stock: $18.9B · prev $17.8B
Positions: 323 · prev 321
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%

Moves294 since the prior filing

+4.6 pp in · −4.7 pp out

New 29 +1.71 pp
Added 85 +2.90 pp
Trimmed 153 −3.98 pp
Exited 27 −0.71 pp

The book

Diversified · behaves like 63 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 14% a year, about 7.3 years per position

Low
Moderate
High

Top 5 positions21% of US stock

Positions323 in this filing · 27 exited


MTNVail Resorts, Inc.	5.29%	5,201,182	$998M	trimmed−1%	+0.51 pp	16 q
ACGLArch Capital Group Ltd	4.34%	8,649,326	$820M	trimmed−1%	+0.08 pp	16 q
IDXXIdexx Laboratories Inc	4.15%	5,069,276	$784M	trimmed−11%	+0.39 pp	16 q
ITGartner, Inc.	4.00%	6,995,166	$755M	trimmed−7%	−0.27 pp	16 q
CSGPCoStar Group Inc	3.29%	2,999,386	$622M	added0%	+0.11 pp	16 q
FDSFactset Research Systems	2.68%	3,071,972	$507M	trimmed−5%	−0.28 pp	16 q
TSLATesla, Inc.	2.37%	1,610,690	$448M	added+2%	+0.47 pp	13 q
GLPIGaming and Leisure Properties, Inc.	2.04%	11,519,813	$385M	trimmed−8%	−0.12 pp	14 q
BFAMBright Horizons Family Solutions Inc.	1.67%	4,354,882	$316M	trimmed−7%	−0.18 pp	16 q
MTDMettler-Toledo International	1.67%	657,795	$315M	trimmed−9%	−0.03 pp	16 q
CHHChoice Hotels Intnl.	1.62%	4,893,166	$306M	trimmed−0%	+0.07 pp	16 q
AKXAnsys Inc	1.50%	2,646,452	$283M	trimmed−9%	−0.02 pp	16 q
GWREGuidewire Software, Inc.	1.48%	4,968,634	$280M	trimmed−1%	+0.09 pp	16 q
SSNCSS&C Technologies Inc	1.48%	7,891,478	$279M	trimmed−2%	+0.18 pp	16 q
SCHWThe Charles Schwab Corporation	1.41%	6,537,770	$267M	trimmed−1%	−0.06 pp	16 q
MANUManchester United PLC	1.30%	14,487,556	$245M	trimmed−1%	+0.13 pp	16 q
HHyatt Hotels Corporation	1.29%	4,503,809	$243M	trimmed−1%	−0.13 pp	16 q
DEIDouglas Emmett, Inc.	1.26%	6,212,690	$239M	trimmed−2%	−0.05 pp	16 q
PRIPrimerica, Inc.	1.25%	2,875,501	$236M	trimmed−2%	+0.11 pp	16 q
MMSMAXIMUS, Inc.	1.18%	3,573,955	$222M	trimmed−10%	−0.06 pp	16 q
MSCIMSCI, Inc.	1.15%	2,236,734	$217M	trimmed−5%	+0.10 pp	16 q
VACMarriott Vacations Worldwide Corporation	1.14%	2,148,414	$215M	trimmed−1%	+0.10 pp	16 q
VRSKVerisk Analytics, Inc.	1.02%	2,369,033	$192M	trimmed−2%	−0.09 pp	16 q
SBACSBA Communications Corp	1.01%	1,589,966	$191M	trimmed−8%	+0.01 pp	2 q
unresolvedFinancial Engines	0.99%	4,309,201	$188M	added0%	+0.10 pp	16 q
MIDDMiddleby Corp	0.99%	1,374,604	$188M	trimmed−16%	−0.19 pp	16 q
unresolvedNord Anglia Education Inc	0.91%	6,779,564	$172M	trimmed−1%	+0.01 pp	12 q
unresolvedPanera Bread Co	0.85%	613,375	$161M	trimmed−0%	+0.14 pp	16 q
WSTWest Pharmaceutical Services, Inc.	0.82%	1,900,845	$155M	trimmed−11%	−0.20 pp	16 q
TECHBio-Techne Corp.	0.81%	1,513,617	$154M	trimmed−5%	−0.12 pp	10 q
DOORMasonite International Corp	0.80%	1,910,258	$151M	trimmed−9%	+0.02 pp	12 q
BABAAlibaba Group Holding Limited	0.73%	1,277,620	$138M	added+1%	+0.10 pp	11 q
AYIAcuity Inc.	0.69%	640,753	$131M	added+42%	+0.11 pp	16 q
WCNWaste Connections, Inc.	0.68%	1,450,000	$128M	trimmed−3%	+0.02 pp	3 q
EQIXEquinix, Inc.	0.64%	300,900	$120M	trimmed−10%	−0.04 pp	9 q
MORNMorningstar, Inc.	0.64%	1,534,231	$121M	trimmed−1%	0.00 pp	16 q
TDGTransDigm Group Incorporated	0.64%	550,000	$121M	trimmed−12%	−0.24 pp	16 q
CHDChurch & Dwight Co., Inc.	0.63%	2,397,010	$120M	trimmed−17%	−0.09 pp	16 q
BNFTBenefitfocus, Inc.	0.62%	4,222,533	$118M	trimmed−1%	−0.09 pp	14 q
CNSCohen & Steers Inc.	0.62%	2,911,379	$116M	trimmed−1%	+0.06 pp	16 q
AREAlexandria Real Estate Equities, Inc.	0.61%	1,042,449	$115M	trimmed−6%	−0.09 pp	16 q
IRDMIridium Communications Inc.	0.60%	9,393,112	$113M	added0%	−0.03 pp	12 q
FLTCorpay, Inc.	0.59%	741,906	$112M	trimmed−22%	−0.17 pp	16 q
UAAUnder Armour, Inc.	0.59%	5,622,746	$111M	trimmed−2%	−0.35 pp	16 q
PENNPENN Entertainment, Inc.	0.54%	5,506,237	$101M	trimmed−18%	+0.02 pp	16 q
unresolvedOn Assignment Inc	0.53%	2,060,100	$100M	trimmed−4%	0.00 pp	16 q
UAUnder Armour, Inc. Class C, $0.0003 1/3 par value	0.53%	5,422,160	$99M	trimmed−13%	−0.35 pp	4 q
CBRECbre Group, Inc.	0.52%	2,842,252	$99M	trimmed−31%	−0.21 pp	16 q
ZGZillow Group Inc Class A	0.52%	2,890,651	$98M	trimmed−0%	−0.07 pp	9 q
CSTECaesarstone Ltd.	0.52%	2,699,371	$98M	trimmed−10%	+0.04 pp	16 q
AL1Sumisho Air Lease Corp	0.51%	2,468,035	$96M	trimmed−0%	+0.03 pp	16 q
RRRRed Rock Resorts, Inc. Class A	0.51%	4,305,396	$95M	added+10%	0.00 pp	4 q
ALXAlexander's Inc.	0.50%	218,462	$94M	trimmed−0%	−0.03 pp	16 q
DKSDick's Sporting Goods, Inc.	0.50%	1,933,928	$94M	trimmed−10%	−0.14 pp	16 q
unresolvedPinnacle Entmt Inc New	0.50%	4,868,154	$95M	added+5%	+0.12 pp	3 q
OAKOaktree Capital Group, LLC	0.48%	1,990,105	$90M	trimmed−2%	+0.05 pp	16 q
unresolvedUltimate Software Group Inc	0.48%	467,474	$91M	trimmed−28%	−0.18 pp	16 q
unresolvedThe Carlyle Group	0.47%	5,517,505	$88M	trimmed−1%	−0.01 pp	16 q
CGNXCognex Corp	0.44%	1,000,000	$84M	trimmed−23%	−0.03 pp	16 q
THSTreehouse Foods, Inc.	0.44%	988,311	$84M	trimmed−2%	+0.03 pp	16 q
TREXTrex Company, Inc.	0.43%	1,169,695	$81M	trimmed−10%	−0.04 pp	13 q
SITESiteOne Landscape Supply, Inc.	0.42%	1,632,271	$79M	added+1%	+0.10 pp	4 q
ILMNIllumina Inc	0.41%	458,490	$78M	added0%	+0.08 pp	16 q
MCMoelis & Company	0.39%	1,895,730	$73M	held	—	12 q
unresolvedPriceline Grp Inc	0.39%	41,844	$74M	trimmed−0%	+0.04 pp	16 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.37%	2,126,792	$70M	added+15%	+0.07 pp	16 q
AMZNAmazon.Com Inc	0.35%	73,518	$65M	added+30%	+0.11 pp	16 q
DXCMDexCom, Inc.	0.35%	789,027	$67M	trimmed−6%	+0.07 pp	16 q
PRAHPRA Health Sciences, Inc.	0.35%	1,004,364	$66M	trimmed−4%	+0.03 pp	10 q
ICLRIcon Plc	0.35%	829,200	$66M	trimmed−6%	−0.02 pp	16 q
WTWWillis Towers Watson Public Limited Company	0.35%	510,641	$67M	trimmed−0%	0.00 pp	5 q
AZPNAspen Technology Inc	0.33%	1,042,400	$61M	trimmed−16%	−0.05 pp	7 q
unresolvedAcxiom Corp	0.32%	2,122,429	$60M	added+2%	+0.01 pp	16 q
EFIIElectronics for Imaging	0.32%	1,250,000	$61M	held	—	9 q
INOVInovalon Holdings Inc - A	0.32%	4,819,816	$61M	trimmed−2%	+0.03 pp	9 q
MHKMohawk Industries, Inc.	0.32%	259,427	$60M	trimmed−21%	−0.05 pp	16 q
HSICHenry Schein Inc	0.32%	359,595	$61M	held	—	16 q
CTRPTrip.com Group Limited	0.31%	1,175,469	$58M	added+7%	+0.06 pp	9 q
SUMSummit Materials, Inc. Class A	0.31%	2,350,000	$58M	held	—	9 q
VRSNVeriSign Inc	0.31%	682,604	$59M	added0%	+0.02 pp	16 q
INXNInterxion Holding NV	0.31%	1,473,678	$58M	trimmed−13%	−0.03 pp	6 q
CPACopa Holdings, S.A.	0.31%	526,930	$59M	added+1%	+0.04 pp	7 q
HQYHealthEquity, Inc	0.30%	1,314,771	$56M	added0%	0.00 pp	11 q
LFUSLittelfuse Inc	0.30%	350,765	$56M	held	—	5 q
TALTAL Education Group	0.30%	524,562	$56M	added+1%	+0.10 pp	13 q
YPFYPF Sociedad Anonima	0.30%	2,335,136	$57M	added+57%	+0.16 pp	3 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.29%	1,064,297	$54M	trimmed−7%	+0.02 pp	16 q
FRCBFirst Republic Bk CA	0.28%	554,026	$52M	added0%	−0.01 pp	16 q
MOMOHello Group Inc.	0.28%	1,565,924	$53M	new	+0.28 pp	new
PEGAPegasystems Inc	0.28%	1,201,430	$53M	held	—	16 q
ROPRoper Technologies, Inc.	0.28%	253,718	$52M	held	—	16 q
UNVRUnivar Solutions Inc.	0.28%	1,725,000	$53M	held	—	3 q
unresolvedCooper Cos Inc/The	0.27%	253,931	$51M	trimmed−4%	+0.01 pp	13 q
MKTXMarketAxess Holdings Inc.	0.27%	270,439	$51M	trimmed−3%	+0.04 pp	7 q
MGMMgm Resorts International	0.26%	1,813,858	$50M	trimmed−16%	−0.09 pp	9 q
MSGSMadison Square Garden Sports Corp.	0.26%	250,000	$50M	held	—	6 q
unresolvedVantiv Inc	0.26%	771,160	$49M	added+13%	+0.03 pp	5 q
WIXWIX.com Ltd.	0.26%	709,308	$48M	added×7.1	+0.23 pp	2 q
LSXMKLiberty Media Cor-siriusxm C	0.25%	1,200,000	$47M	held	—	4 q
RHIRobert Half Inc.	0.25%	965,608	$47M	trimmed−0%	−0.02 pp	16 q
WEXWEX Inc.	0.25%	450,000	$47M	held	—	16 q
AMTAmerican Tower Corporation	0.24%	365,963	$44M	trimmed−17%	−0.02 pp	16 q
BAHBooz Allen Hamilton Holding Corporation	0.24%	1,256,932	$44M	trimmed−20%	−0.08 pp	16 q
FASTFastenal Co	0.24%	885,673	$46M	trimmed−52%	−0.25 pp	16 q
BIDUBaidu, Inc.	0.23%	250,036	$43M	added+20%	+0.04 pp	16 q
HDHome Depot, Inc.	0.23%	295,506	$43M	trimmed−4%	0.00 pp	14 q
IEXIDEX Corporation	0.23%	454,928	$43M	held	—	11 q
MRCYMercury Systems Inc.	0.23%	1,117,000	$44M	added+72%	+0.12 pp	9 q
LEXEALiberty Expedia Holdings, Inc. Class A	0.22%	922,000	$42M	added+69%	+0.10 pp	2 q
RBCRBC Bearings Incorporated	0.22%	425,000	$41M	trimmed−23%	−0.07 pp	10 q
WABWabtec Inc.	0.22%	534,184	$42M	held	—	15 q
BERYBerry Global Group, Inc.	0.21%	800,000	$39M	held	—	16 q
CMDCantel Medical Corporation	0.21%	500,000	$40M	trimmed−13%	−0.04 pp	10 q
EXPEExpedia Group, Inc.	0.21%	316,916	$40M	added+12%	+0.03 pp	4 q
PFGCPerformance Food Group Company	0.21%	1,676,350	$40M	trimmed−6%	−0.03 pp	6 q
AATAmerican Assets Trust, Inc.	0.20%	923,500	$39M	trimmed−0%	−0.02 pp	16 q
unresolvedSmart & Final Stores Inc	0.20%	3,178,771	$38M	trimmed−14%	−0.09 pp	9 q
unresolvedSpectranetics Corp	0.20%	1,301,500	$38M	trimmed−16%	−0.01 pp	14 q
unresolvedValero Energy Partners LP	0.20%	792,100	$38M	trimmed−7%	−0.01 pp	14 q
CWHCamping World Holdings, Inc.	0.19%	1,100,000	$35M	added+10%	+0.01 pp	2 q
SQMSociedad Quimica y Minera de Chile SA	0.19%	1,018,277	$35M	trimmed−4%	+0.02 pp	5 q
SYNHSyneos Health, Inc. Class A	0.18%	750,000	$34M	trimmed−42%	−0.21 pp	10 q
MICMacquarie Infrastructure Hol	0.18%	429,412	$35M	trimmed−4%	−0.02 pp	5 q
PRTYParty City Holdco Inc.	0.18%	2,371,000	$33M	added+4%	0.00 pp	8 q
unresolvedCapitol Acquisition Corp III	0.17%	3,000,000	$32M	new	+0.17 pp	new
KMXCarMax Inc.	0.17%	534,830	$32M	trimmed−50%	−0.22 pp	16 q
CAKECheesecake Factory (The)	0.17%	500,000	$32M	trimmed−9%	−0.02 pp	16 q
unresolvedClubcorp Holdings Inc	0.17%	1,960,309	$31M	trimmed−0%	+0.01 pp	14 q
unresolvedFlotek Industries Inc DEL	0.17%	2,523,852	$32M	added+2%	+0.04 pp	15 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.17%	360,814	$32M	added+1%	+0.02 pp	16 q
GKOSGlaukos Corporation	0.17%	610,227	$31M	added+15%	+0.07 pp	8 q
NLSNNielsen Holdings PLC	0.17%	787,323	$33M	trimmed−2%	−0.02 pp	7 q
BSACBanco Santander-Chile	0.16%	1,171,398	$29M	added+13%	+0.03 pp	2 q
NDSNNordson Corp	0.16%	250,000	$31M	trimmed−17%	−0.03 pp	16 q
HLTHilton Worldwide Holdings Inc.	0.15%	480,261	$28M	trimmed−12%	−0.10 pp	2 q
MGPMGM Growth Properties LLC Class A representing limited liability company interests	0.15%	1,042,632	$28M	trimmed−18%	−0.03 pp	4 q
NEOGNeogen Corp	0.15%	444,596	$29M	held	—	16 q
VMCVulcan Materials Company(Holding Company)	0.15%	236,286	$28M	added+3%	−0.01 pp	3 q
MFSWelbilt Inc	0.15%	1,400,000	$27M	new	+0.15 pp	new
NBISNebius Group N.V. Class A	0.15%	1,262,516	$28M	trimmed−27%	−0.05 pp	5 q
unresolvedBrookfield Asset Mgmt Inc	0.14%	725,408	$26M	trimmed−25%	−0.04 pp	16 q
CXOConcho Resources Inc.	0.14%	205,498	$26M	trimmed−2%	−0.02 pp	16 q
unresolvedDigitalglobe Inc	0.14%	791,800	$26M	added+1%	+0.01 pp	16 q
JBTMJBT Marel Corporation	0.14%	300,000	$26M	new	+0.14 pp	new
LBRDKLiberty Broadband Corporation Class C	0.14%	300,000	$26M	held	—	10 q
FWONKLiberty Media Corporation Series C Liberty Formula One	0.14%	750,000	$26M	held	—	4 q
QLYSQualys, Inc.	0.14%	721,600	$27M	added×8.7	+0.13 pp	13 q
SHWThe Sherwin-Williams Company	0.14%	84,167	$26M	trimmed−16%	−0.01 pp	2 q
TIFTiffany & Co.	0.14%	277,144	$26M	held	—	16 q
WINGWingstop Inc	0.14%	967,000	$27M	added+6%	−0.01 pp	8 q
ZZillow Group, Inc. Class C	0.14%	771,207	$26M	added+1%	−0.02 pp	7 q
unresolvedMobileye Nv	0.14%	443,648	$27M	trimmed−27%	+0.01 pp	11 q
MLMMartin Marietta Materials	0.13%	111,488	$24M	trimmed−5%	−0.02 pp	5 q
WYNTravel + Leisure Co.	0.13%	289,740	$24M	new	+0.13 pp	new
MSGNMSG Networks Inc.	0.12%	1,000,000	$23M	held	—	6 q
MARMarriott International Class A	0.12%	239,855	$23M	added+6%	+0.01 pp	2 q
ROLRollins, Inc.	0.12%	624,901	$23M	held	—	3 q
TFXTeleflex Incorporated	0.12%	116,762	$23M	added+5%	+0.02 pp	4 q
ACIWACI Worldwide, Inc.	0.11%	1,000,000	$21M	trimmed−32%	−0.04 pp	16 q
GOOGAlphabet Inc. Class C	0.11%	25,336	$21M	added+2%	0.00 pp	12 q
BJRIBJ's Restaurants, Inc.	0.11%	500,000	$20M	trimmed−33%	−0.06 pp	16 q
CHEFThe Chef's Warehouse Inc	0.11%	1,500,000	$21M	held	—	16 q
REVGREV Group, Inc.	0.11%	750,000	$21M	new	+0.11 pp	new
TTDThe Trade Desk, Inc.	0.11%	567,711	$21M	added×3.8	+0.09 pp	2 q
ESNTEssent Group LTD	0.11%	597,174	$22M	held	—	3 q
2663134DBitauto Holdings Ltd-adr	0.10%	732,388	$19M	new	+0.10 pp	new
METAMeta Platforms, Inc. Class A	0.10%	130,430	$19M	trimmed−2%	+0.01 pp	16 q
TROWT Rowe Price Group Inc	0.10%	275,314	$19M	held	—	16 q
UHSUniversal Health Services, Inc. Class B	0.10%	156,224	$19M	held	—	16 q
CBOECboe Global Markets, Inc.	0.09%	202,702	$16M	new	+0.09 pp	new
MASMasco Corporation	0.09%	526,908	$18M	added+15%	+0.01 pp	2 q
PBFXPbf Logistics LP	0.09%	800,000	$17M	held	—	12 q
SPGSimon Property Group, Inc.	0.09%	97,351	$17M	trimmed−28%	−0.05 pp	16 q
AOSA.O. Smith Corporation	0.09%	341,578	$17M	added+85%	+0.04 pp	2 q
VVISA Inc.	0.09%	191,635	$17M	trimmed−0%	+0.01 pp	16 q
unresolvedZoes Kitchen Inc	0.09%	948,569	$18M	added+24%	−0.01 pp	12 q
AAPAdvance Auto Parts Inc	0.08%	97,745	$14M	held	—	2 q
AUAngloGold Ashanti plc	0.08%	1,460,835	$16M	trimmed−29%	−0.04 pp	5 q
BYDBoyd Gaming Corporation	0.08%	710,837	$16M	new	+0.08 pp	new
CDKCDK Global, Inc.	0.08%	240,551	$16M	held	—	8 q
unresolvedDominion Midstream Partners	0.08%	445,000	$14M	trimmed−3%	0.00 pp	10 q
INVHInvitation Homes Inc.	0.08%	730,297	$16M	new	+0.08 pp	new
MAMastercard Incorporated	0.08%	132,299	$15M	trimmed−1%	0.00 pp	16 q
PLDPrologis, Inc.	0.08%	284,897	$15M	trimmed−27%	−0.04 pp	2 q
TSCOTractor Supply Co	0.08%	230,212	$16M	trimmed−23%	−0.05 pp	16 q
RCLRoyal Caribbean Group	0.08%	145,144	$14M	trimmed−3%	+0.01 pp	7 q
BWXTBWX Technologies, Inc.	0.07%	269,421	$13M	new	+0.07 pp	new
VMRKVivmark Residential	0.07%	221,335	$14M	new	+0.07 pp	new
HGVHilton Grand Vacations Inc.	0.07%	454,328	$13M	new	+0.07 pp	new
PKPark Hotels & Resorts Inc.	0.07%	503,510	$13M	new	+0.07 pp	new
SINASina Corp	0.07%	180,030	$13M	added×2.1	+0.04 pp	3 q
FGAAmerican Campus Communities	0.06%	237,841	$11M	trimmed−56%	−0.09 pp	5 q
REXRRexford Industrial Realty, Inc.	0.06%	484,440	$11M	trimmed−27%	−0.03 pp	10 q
SLGSL Green Realty Corp.	0.06%	100,000	$11M	held	—	16 q
SSLSasol Limited	0.06%	412,971	$12M	added+1%	−0.01 pp	9 q
unresolvedTerraform Global Inc	0.06%	2,332,986	$11M	trimmed−40%	−0.03 pp	7 q
TOLToll Brothers, Inc.	0.06%	326,925	$12M	trimmed−31%	−0.02 pp	16 q
VNOVornado Realty Trust	0.06%	114,098	$11M	trimmed−33%	−0.04 pp	3 q
WBCWabco Holdings Inc.	0.06%	99,952	$12M	held	—	9 q
unresolvedScorpio Tankers Inc	0.06%	2,701,804	$12M	trimmed−16%	−0.02 pp	16 q
HCSGHealthcare Services Group	0.05%	225,000	$10M	trimmed−55%	−0.06 pp	8 q
LBRDALiberty Broadband Corporation Class A	0.05%	100,000	$9M	trimmed−33%	−0.01 pp	10 q
LOWLowe's Companies Inc.	0.05%	113,122	$9M	trimmed−48%	−0.04 pp	16 q
WLKPWestlake Chemical Partners LP	0.05%	347,332	$9M	trimmed−11%	0.00 pp	11 q
AAPLApple Inc.	0.04%	48,796	$7M	trimmed−4%	+0.01 pp	16 q
BXPBXP, Inc.	0.04%	59,583	$8M	held	—	16 q
unresolvedEncana Corp	0.04%	613,200	$7M	trimmed−3%	0.00 pp	5 q
ISRGIntuitive Surgical Inc.	0.04%	10,923	$8M	trimmed−3%	0.00 pp	2 q
KNSLKinsale Capital Group, Inc.	0.04%	239,410	$8M	added+13%	0.00 pp	2 q
NFLXNetFlix Inc	0.04%	49,900	$7M	trimmed−17%	0.00 pp	15 q
RHTRed Hat Inc	0.04%	96,163	$8M	trimmed−9%	0.00 pp	16 q
CMECME Group Inc.	0.03%	43,996	$5M	added+1%	0.00 pp	16 q
unresolvedHudson Pac Pptys Inc	0.03%	137,623	$5M	new	+0.03 pp	new
LM03Liberty Media Cor-siriusxm A	0.03%	150,000	$6M	trimmed−50%	−0.03 pp	4 q
PEParsley Energy Inc	0.03%	191,200	$6M	trimmed−1%	−0.01 pp	12 q
unresolvedRsp Permian Inc	0.03%	155,800	$6M	trimmed−4%	−0.01 pp	13 q
SG7Sage Therapeutics Inc	0.03%	77,510	$6M	trimmed−12%	0.00 pp	8 q
CRMSalesforce, Inc.	0.03%	59,028	$5M	trimmed−19%	0.00 pp	16 q
NOWServicenow, Inc.	0.03%	75,377	$7M	trimmed−1%	0.00 pp	7 q
SYFSynchrony Financial	0.03%	151,594	$5M	added×2.7	+0.02 pp	2 q
VRNSVaronis Systems, Inc.	0.03%	204,402	$7M	added×3.2	+0.02 pp	13 q
VIRTVirtu Financial, Inc. Class A	0.03%	360,683	$6M	trimmed−32%	−0.02 pp	8 q
GLNGGolar LNG Ltd	0.03%	179,635	$5M	held	—	16 q
MLNXMellanox Technologies Ltd	0.03%	116,377	$6M	trimmed−28%	−0.01 pp	15 q
ALGNAlign Technology Inc	0.02%	26,040	$3M	trimmed−2%	+0.01 pp	16 q
GOOGLAlphabet Inc. Class A	0.02%	3,954	$3M	trimmed−49%	−0.01 pp	7 q
EWEdwards Lifesciences Corp	0.02%	39,576	$4M	trimmed−2%	0.00 pp	16 q
ENVEnvestnet, Inc.	0.02%	108,925	$4M	added+23%	0.00 pp	14 q
EPAMEpam Systems, Inc.	0.02%	40,673	$3M	added+23%	+0.01 pp	6 q
unresolvedFlexion Therapeutics Inc	0.02%	105,400	$3M	added+42%	+0.01 pp	4 q
unresolvedFoundation Medicine	0.02%	87,900	$3M	added+28%	+0.01 pp	14 q
HALHalliburton Company	0.02%	72,996	$4M	trimmed−3%	0.00 pp	16 q
PIImpinj, Inc.	0.02%	99,000	$3M	added×2.8	+0.01 pp	2 q
MTSIMACOM Technology Solutions Holdings, Inc	0.02%	92,500	$4M	added+43%	0.00 pp	9 q
MANHManhattan Associates Inc	0.02%	57,757	$3M	trimmed−10%	0.00 pp	11 q
unresolvedMonsanto Co	0.02%	37,998	$4M	held	—	16 q
unresolvedNewfield Expl Co	0.02%	108,400	$4M	trimmed−11%	−0.01 pp	9 q
RICEEqt Re Merger Sub Inc	0.02%	126,300	$3M	added+5%	+0.01 pp	5 q
SBUXStarbucks Corp	0.02%	48,649	$3M	trimmed−21%	0.00 pp	16 q
TRGPTarga Resources Corp.	0.02%	58,300	$3M	trimmed−7%	0.00 pp	5 q
VLOValero Energy Corporation	0.02%	42,900	$3M	trimmed−3%	0.00 pp	6 q
ASMLASML Holding NV	0.02%	34,401	$5M	held	—	15 q
ADMSAdamas Pharmaceuticals, Inc.	0.01%	70,928	$1M	added+82%	+0.01 pp	3 q
AAgilent Technologies Inc.	0.01%	28,000	$1M	held	—	16 q
AMBRAmber Road Inc	0.01%	194,200	$1M	added×2.0	+0.01 pp	12 q
APCAnadarko Petroleum Corp	0.01%	21,700	$1M	trimmed−14%	0.00 pp	3 q
ARAntero Resources Corporation	0.01%	85,200	$2M	held	—	4 q
BIIBBiogen Inc.	0.01%	6,625	$2M	held	—	13 q
CERSCerus Corp	0.01%	464,300	$2M	added+64%	0.00 pp	10 q
COHRCoherent Corp.	0.01%	6,100	$1M	held	—	16 q
unresolvedCommerceHub, Inc., Series C	0.01%	150,500	$2M	new	+0.01 pp	new
EOGEOG Resources, Inc.	0.01%	22,768	$2M	held	—	15 q
EAElectronic Arts Inc	0.01%	24,325	$2M	new	+0.01 pp	new
unresolvedEnergen Corp	0.01%	27,666	$2M	held	—	4 q
ETEnergy Transfer LP	0.01%	134,300	$3M	trimmed−7%	−0.01 pp	10 q
ESEESCO Technologies, Inc.	0.01%	16,500	$959,000	held	—	7 q
MRAMEverspin Technologies, Inc	0.01%	175,542	$1M	added+87%	+0.01 pp	2 q
FETForum Energy Technologies, Inc.	0.01%	70,700	$1M	trimmed−4%	0.00 pp	3 q
INGNInogen Inc	0.01%	20,000	$2M	added+25%	0.00 pp	13 q
unresolvedJones Energy Inc	0.01%	721,986	$2M	added+42%	0.00 pp	2 q
unresolvedKeyw Holding Corp	0.01%	228,000	$2M	added×2.4	0.00 pp	16 q
LM05Liberty Media Corp-liberty-a	0.01%	64,000	$2M	added×2.1	0.00 pp	4 q
MPLXMplx LP	0.01%	34,200	$1M	held	—	6 q
MEDPMedpace Holdings, Inc.	0.01%	46,904	$1M	trimmed−91%	−0.09 pp	2 q
MYGNMyriad Genetics Inc	0.01%	136,500	$3M	added+71%	0.00 pp	3 q
NVRONNevro Corp	0.01%	16,300	$2M	held	—	5 q
NBLXNoble Midstream Partners LP	0.01%	48,203	$3M	trimmed−7%	0.00 pp	2 q
unresolvedNovadaq Technologies Inc	0.01%	185,700	$1M	added0%	0.00 pp	14 q
ORLYO'Reilly Automotive, Inc.	0.01%	8,964	$2M	trimmed−27%	−0.01 pp	16 q
PCRXPacira BioSciences, Inc.	0.01%	49,134	$2M	added×2.0	+0.01 pp	7 q
PFPTProofpoint, Inc.	0.01%	29,572	$2M	new	+0.01 pp	new
QUOTQuotient Technology Inc	0.01%	115,000	$1M	added+64%	+0.01 pp	7 q
REGNRegeneron Pharmaceuticals Inc	0.01%	6,429	$2M	added+29%	0.00 pp	13 q
RYAAYRyanair Holdings plc	0.01%	16,075	$1M	held	—	6 q
unresolvedSanchez Prodtn Partner	0.01%	125,000	$2M	held	—	2 q
SLBSLB Limited	0.01%	25,500	$2M	trimmed−31%	−0.01 pp	6 q
SEMGSemgroup Corp-class A	0.01%	45,200	$2M	trimmed−13%	0.00 pp	4 q
SIENSientra, Inc.	0.01%	225,317	$2M	added+34%	0.00 pp	5 q
SNDSmart Sand, Inc.	0.01%	120,000	$2M	new	+0.01 pp	new
SNAPSnap Inc.	0.01%	100,000	$2M	new	+0.01 pp	new
SONYSony Group Corporation	0.01%	48,000	$2M	added+17%	0.00 pp	3 q
SPLKSplunk Inc	0.01%	43,500	$3M	added+15%	0.00 pp	2 q
SUSuncor Energy, Inc.	0.01%	32,000	$984,000	trimmed−9%	0.00 pp	15 q
unresolvedTpi Composites Inc	0.01%	92,500	$2M	added×3.2	+0.01 pp	2 q
TDOCTeladoc Health, Inc.	0.01%	67,500	$2M	new	+0.01 pp	new
TXMDTherapeuticsMD, Inc.	0.01%	374,800	$3M	added+63%	0.00 pp	13 q
TRUETrueCar, Inc.	0.01%	145,000	$2M	added×2.1	+0.01 pp	2 q
SLCAU.s. Silica Holdings, Inc.	0.01%	48,100	$2M	trimmed−10%	−0.01 pp	4 q
RAREUltragenyx Pharmaceutical Inc.	0.01%	30,848	$2M	added+6%	0.00 pp	2 q
WPXWPX Energy, Inc.	0.01%	198,000	$3M	held	—	2 q
ICHRIchor Holdings	0.01%	68,900	$1M	added+4%	+0.01 pp	2 q
NBRNabors Industries Ltd.	0.01%	114,700	$1M	trimmed−4%	0.00 pp	3 q
FTITechnipFMC plc	0.01%	67,800	$2M	new	+0.01 pp	new
CHKPCheck Point Software Technologies Ltd	0.01%	18,689	$2M	added+9%	0.00 pp	16 q
KRNTKornit Digital Ltd.	0.01%	88,500	$2M	added+39%	+0.01 pp	5 q
CLBCore Laboratories Inc.	0.01%	11,450	$1M	trimmed−33%	0.00 pp	16 q
AERIAerie Pharmaceuticals, Inc.	0.00%	4,858	$220,000	added+30%	0.00 pp	11 q
APAMArtisan Partners Asset Management Inc.	0.00%	15,874	$438,000	trimmed−64%	−0.01 pp	16 q
BRK.ABerkshire Hathaway Inc.	0.00%	1	$250,000	held	—	3 q
BLBlackLine, Inc.	0.00%	24,564	$731,000	trimmed−35%	−0.01 pp	2 q
CRZOCarrizo Oil & Gas Inc	0.00%	17,300	$496,000	new	0.00 pp	new
DLChina Distance Education Holdings Limited	0.00%	70,000	$714,000	trimmed−22%	−0.01 pp	3 q
CYHCommunity Health Systems, Inc.	0.00%	100	$1,000	held	—	16 q
FEYEFireEye, Inc.	0.00%	27,843	$351,000	added+54%	0.00 pp	14 q
GSGoldman Sachs Group Inc.	0.00%	800	$184,000	held	—	3 q
GRFSGrifois, S.A.	0.00%	40,000	$755,000	held	—	16 q
HDBHDFC Bank Limited	0.00%	2,926	$220,000	new	0.00 pp	new
JDJD.com, Inc.	0.00%	12,997	$404,000	new	0.00 pp	new
unresolvedKeane Group Inc	0.00%	41,500	$593,000	new	0.00 pp	new
MULEMuleSoft, Inc.	0.00%	25,000	$608,000	new	0.00 pp	new
PBRPetroleo Brasileiro S.a.-petrobras	0.00%	24,814	$240,000	new	0.00 pp	new
PGProcter & Gamble Company	0.00%	1,796	$161,000	held	—	3 q
QADBQad Inc-b	0.00%	37,000	$887,000	added+6%	−0.01 pp	4 q
QADAQad Inc-a	0.00%	12,000	$334,000	new	0.00 pp	new
QCOMQualcomm Inc	0.00%	4,000	$229,000	held	—	3 q
unresolvedQuorum Health Corp	0.00%	25	$0	held	—	4 q
SJMThe J.M. Smucker Company	0.00%	251	$33,000	held	—	3 q
TEGPTallgrass Energy GP, LP	0.00%	13,742	$395,000	held	—	8 q
GLREGreenlight Captial RE, LTD. Class A	0.00%	4,529	$100,000	held	—	2 q
unresolvedLuxoft Holding	0.00%	4,557	$285,000	added×3.3	0.00 pp	4 q
GLOBGlobant S.a.	0.00%	10,221	$372,000	added×2.7	0.00 pp	4 q
CMPRCimpress PLC (Ireland)	0.00%	5,000	$431,000	held	—	2 q
unresolvedPatheon N V	0.00%	25,000	$658,000	trimmed−80%	−0.02 pp	2 q
BATSBats Global Markets, Inc.	—	−800,291	—	exited	−0.15 pp	—
unresolvedManitowoc Foodservice Inc	—	−1,250,000	—	exited	−0.14 pp	—
unresolvedQuintiles Transnatio Hldgs I	—	−134,776	—	exited	−0.06 pp	—
unresolvedGeneral Growth Pptys Inc New	—	−342,331	—	exited	−0.05 pp	—
JLLJones Lang LaSalle, Inc.	—	−86,400	—	exited	−0.05 pp	—
GSMFerroglobe PLC	—	−750,000	—	exited	−0.05 pp	—
KWKennedy-wilson Holdings, Inc.	—	−308,080	—	exited	−0.04 pp	—
HSTMHealthStream Inc	—	−235,000	—	exited	−0.03 pp	—
INDAiShares MSCI India ETF	—	−100,919	—	exited	−0.02 pp	—
RLRalph Lauren Corporation	—	−30,000	—	exited	−0.02 pp	—
ACTAllergan PLC	—	−14,572	—	exited	−0.02 pp	—
ALXNAlexion Pharmaceuticals Inc	—	−20,470	—	exited	−0.01 pp	—
SCORcomScore, Inc.	—	−59,485	—	exited	−0.01 pp	—
unresolvedEducation Realty Trust, Inc.	—	−35,000	—	exited	−0.01 pp	—
unresolvedFmc Technologies Inc	—	−36,000	—	exited	−0.01 pp	—
EWYiShares MSCI South Korea ETF	—	−20,500	—	exited	−0.01 pp	—
KRAKraton Corporation	—	−54,700	—	exited	−0.01 pp	—
NBLNoble Energy, Inc.	—	−29,549	—	exited	−0.01 pp	—
unresolvedTallgrass Energy Partners LP	—	−43,540	—	exited	−0.01 pp	—
AEMAgnico Eagle Mines Ltd.	—	−15,000	—	exited	0.00 pp	—
IWPiShares Russell Mid-Cap Growth ETF	—	−468	—	exited	0.00 pp	—
IWMiShares Russell 2000 ETF	—	−1,685	—	exited	0.00 pp	—
MGPIMGP Ingredients Inc	—	−17,000	—	exited	0.00 pp	—
NEOSNeos Therapeutics, Inc	—	−70,500	—	exited	0.00 pp	—
unresolvedTerraform Pwr Inc	—	−40,910	—	exited	0.00 pp	—
WBWeibo Corporation	—	−8,503	—	exited	0.00 pp	—
YUMCYum China Holdings, Inc.	—	−8,053	—	exited	0.00 pp	—