Baron Capital

Q2 2017 13F · by Ron Baron, CEO

As of: Jun 30, 2017
Filed: Aug 14, 2017
US stock: $19.6B · prev $18.9B
Positions: 338 · prev 323
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%

Moves315 since the prior filing

+4.8 pp in · −4.9 pp out

New 38 +1.71 pp
Added 104 +3.13 pp
Trimmed 150 −2.97 pp
Exited 23 −1.94 pp

The book

Diversified · behaves like 61 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 16% a year, about 6.3 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions338 in this filing · 23 exited


MTNVail Resorts, Inc.	5.32%	5,136,182	$1.0B	trimmed−1%	+0.03 pp	17 q
ITGartner, Inc.	4.45%	7,055,955	$871M	added+1%	+0.45 pp	17 q
ACGLArch Capital Group Ltd	4.07%	8,540,655	$797M	trimmed−1%	−0.27 pp	17 q
CSGPCoStar Group Inc	3.92%	2,907,591	$766M	trimmed−3%	+0.63 pp	17 q
IDXXIdexx Laboratories Inc	3.90%	4,726,336	$763M	trimmed−7%	−0.25 pp	17 q
TSLATesla, Inc.	2.96%	1,602,106	$579M	trimmed−1%	+0.59 pp	14 q
FDSFactset Research Systems	2.54%	2,993,262	$497M	trimmed−3%	−0.14 pp	17 q
GLPIGaming and Leisure Properties, Inc.	2.03%	10,557,704	$398M	trimmed−8%	−0.01 pp	15 q
MTDMettler-Toledo International	1.85%	616,555	$363M	trimmed−6%	+0.18 pp	17 q
GWREGuidewire Software, Inc.	1.73%	4,931,171	$339M	trimmed−1%	+0.25 pp	17 q
AKXAnsys Inc	1.63%	2,621,706	$319M	trimmed−1%	+0.13 pp	17 q
BFAMBright Horizons Family Solutions Inc.	1.59%	4,028,696	$311M	trimmed−7%	−0.08 pp	17 q
CHHChoice Hotels Intnl.	1.58%	4,814,406	$309M	trimmed−2%	−0.04 pp	17 q
SCHWThe Charles Schwab Corporation	1.45%	6,594,876	$283M	added+1%	+0.04 pp	17 q
SSNCSS&C Technologies Inc	1.44%	7,339,123	$282M	trimmed−7%	−0.04 pp	17 q
VACMarriott Vacations Worldwide Corporation	1.29%	2,148,414	$253M	held	—	17 q
HHyatt Hotels Corporation	1.27%	4,439,337	$250M	trimmed−1%	−0.02 pp	17 q
DEIDouglas Emmett, Inc.	1.19%	6,101,147	$233M	trimmed−2%	−0.07 pp	17 q
MANUManchester United PLC	1.19%	14,391,628	$234M	trimmed−1%	−0.11 pp	17 q
MSCIMSCI, Inc.	1.16%	2,211,124	$228M	trimmed−1%	+0.01 pp	17 q
PRIPrimerica, Inc.	1.04%	2,676,493	$203M	trimmed−7%	−0.21 pp	17 q
MMSMAXIMUS, Inc.	1.00%	3,133,216	$196M	trimmed−12%	−0.18 pp	17 q
BABAAlibaba Group Holding Limited	0.99%	1,381,529	$195M	added+8%	+0.26 pp	12 q
SBACSBA Communications Corp	0.99%	1,439,095	$194M	trimmed−9%	−0.02 pp	3 q
TECHBio-Techne Corp.	0.90%	1,499,942	$176M	trimmed−1%	+0.09 pp	11 q
WSTWest Pharmaceutical Services, Inc.	0.87%	1,806,120	$171M	trimmed−5%	+0.05 pp	17 q
unresolvedFinancial Engines	0.81%	4,311,502	$158M	added0%	−0.18 pp	17 q
BNFTBenefitfocus, Inc.	0.79%	4,247,487	$154M	added+1%	+0.17 pp	15 q
UAAUnder Armour, Inc.	0.77%	6,954,671	$151M	added+24%	+0.18 pp	17 q
MIDDMiddleby Corp	0.76%	1,219,815	$148M	trimmed−11%	−0.23 pp	17 q
DOORMasonite International Corp	0.71%	1,831,950	$138M	trimmed−4%	−0.09 pp	13 q
ZGZillow Group Inc Class A	0.71%	2,852,411	$139M	trimmed−1%	+0.19 pp	10 q
TDGTransDigm Group Incorporated	0.69%	500,000	$134M	trimmed−9%	+0.05 pp	17 q
RRRRed Rock Resorts, Inc. Class A	0.67%	5,545,089	$131M	added+29%	+0.16 pp	5 q
VRSKVerisk Analytics, Inc.	0.67%	1,547,902	$131M	trimmed−35%	−0.35 pp	17 q
WCNWaste Connections, Inc.	0.67%	2,025,000	$130M	trimmed−7%	−0.01 pp	4 q
AYIAcuity Inc.	0.65%	624,481	$127M	trimmed−3%	−0.04 pp	17 q
EQIXEquinix, Inc.	0.65%	294,494	$126M	trimmed−2%	+0.01 pp	10 q
IRDMIridium Communications Inc.	0.65%	9,334,151	$128M	trimmed−1%	+0.05 pp	13 q
AREAlexandria Real Estate Equities, Inc.	0.62%	1,015,272	$122M	trimmed−3%	+0.01 pp	17 q
MORNMorningstar, Inc.	0.60%	1,504,371	$118M	trimmed−2%	−0.04 pp	17 q
PENNPENN Entertainment, Inc.	0.60%	5,486,424	$117M	trimmed−0%	+0.06 pp	17 q
unresolvedThe Carlyle Group	0.56%	5,512,505	$109M	trimmed−0%	+0.09 pp	17 q
CNSCohen & Steers Inc.	0.56%	2,688,979	$109M	trimmed−8%	−0.06 pp	17 q
CHDChurch & Dwight Co., Inc.	0.54%	2,046,110	$106M	trimmed−15%	−0.09 pp	17 q
CBRECbre Group, Inc.	0.52%	2,816,772	$103M	trimmed−1%	0.00 pp	17 q
unresolvedOn Assignment Inc	0.50%	1,810,100	$98M	trimmed−12%	−0.03 pp	17 q
unresolvedPinnacle Entmt Inc New	0.50%	4,928,866	$97M	added+1%	0.00 pp	4 q
OAKOaktree Capital Group, LLC	0.47%	1,953,605	$91M	trimmed−2%	−0.01 pp	17 q
UAUnder Armour, Inc. Class C, $0.0003 1/3 par value	0.47%	4,574,079	$92M	trimmed−16%	−0.06 pp	5 q
ALXAlexander's Inc.	0.46%	211,952	$89M	trimmed−3%	−0.04 pp	17 q
FLTCorpay, Inc.	0.46%	617,727	$89M	trimmed−17%	−0.13 pp	17 q
AL1Sumisho Air Lease Corp	0.44%	2,298,882	$86M	trimmed−7%	−0.07 pp	17 q
CGNXCognex Corp	0.43%	1,000,000	$85M	held	—	17 q
SUMSummit Materials, Inc. Class A	0.42%	2,814,202	$81M	added+20%	+0.11 pp	10 q
unresolvedUltimate Software Group Inc	0.42%	392,641	$82M	trimmed−16%	−0.06 pp	17 q
AMZNAmazon.Com Inc	0.41%	83,616	$81M	added+14%	+0.06 pp	17 q
SITESiteOne Landscape Supply, Inc.	0.41%	1,548,072	$81M	trimmed−5%	−0.01 pp	5 q
ILMNIllumina Inc	0.40%	448,557	$78M	trimmed−2%	−0.01 pp	17 q
unresolvedPriceline Grp Inc	0.40%	41,898	$78M	added0%	+0.01 pp	17 q
ICLRIcon Plc	0.40%	804,200	$79M	trimmed−3%	+0.05 pp	17 q
THSTreehouse Foods, Inc.	0.39%	941,861	$77M	trimmed−5%	−0.05 pp	17 q
TREXTrex Company, Inc.	0.39%	1,135,335	$77M	trimmed−3%	−0.04 pp	14 q
MCMoelis & Company	0.38%	1,895,730	$74M	held	—	13 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.38%	2,122,272	$74M	trimmed−0%	+0.01 pp	17 q
WTWWillis Towers Watson Public Limited Company	0.38%	511,681	$74M	added0%	+0.03 pp	6 q
PRAHPRA Health Sciences, Inc.	0.37%	954,364	$72M	trimmed−5%	+0.02 pp	11 q
PEGAPegasystems Inc	0.36%	1,198,827	$70M	trimmed−0%	+0.08 pp	17 q
CWHCamping World Holdings, Inc.	0.34%	2,130,600	$66M	added+94%	+0.15 pp	3 q
HSICHenry Schein Inc	0.34%	360,195	$66M	added0%	+0.02 pp	17 q
TALTAL Education Group	0.33%	523,392	$64M	trimmed−0%	+0.03 pp	14 q
BIDUBaidu, Inc.	0.32%	352,007	$63M	added+41%	+0.09 pp	17 q
VRSNVeriSign Inc	0.32%	683,869	$64M	added0%	+0.01 pp	17 q
AMTAmerican Tower Corporation	0.31%	462,746	$61M	added+26%	+0.07 pp	17 q
unresolvedCooper Cos Inc/The	0.31%	254,331	$61M	added0%	+0.04 pp	14 q
CTRPTrip.com Group Limited	0.31%	1,130,589	$61M	trimmed−4%	0.00 pp	10 q
EXPEExpedia Group, Inc.	0.31%	412,322	$61M	added+30%	+0.10 pp	5 q
HQYHealthEquity, Inc	0.31%	1,203,771	$60M	trimmed−8%	+0.01 pp	12 q
INXNInterxion Holding NV	0.31%	1,306,178	$60M	trimmed−11%	0.00 pp	7 q
CPACopa Holdings, S.A.	0.31%	512,780	$60M	trimmed−3%	0.00 pp	8 q
unresolvedAcxiom Corp	0.30%	2,230,663	$58M	added+5%	−0.02 pp	17 q
EFIIElectronics for Imaging	0.30%	1,250,000	$59M	held	—	10 q
LFUSLittelfuse Inc	0.30%	350,370	$58M	trimmed−0%	0.00 pp	6 q
MHKMohawk Industries, Inc.	0.30%	242,927	$59M	trimmed−6%	−0.02 pp	17 q
ROPRoper Technologies, Inc.	0.30%	254,148	$59M	added0%	+0.02 pp	17 q
YPFYPF Sociedad Anonima	0.30%	2,683,036	$59M	added+15%	0.00 pp	4 q
FRCBFirst Republic Bk CA	0.28%	555,582	$56M	added0%	0.00 pp	17 q
MKTXMarketAxess Holdings Inc.	0.28%	270,390	$54M	trimmed−0%	+0.01 pp	8 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.28%	999,197	$54M	trimmed−6%	−0.01 pp	17 q
WIXWIX.com Ltd.	0.28%	784,144	$55M	added+11%	+0.02 pp	3 q
unresolvedSpectranetics Corp	0.27%	1,356,500	$52M	added+4%	+0.07 pp	15 q
UNVRUnivar Solutions Inc.	0.27%	1,825,000	$53M	added+6%	−0.01 pp	4 q
IEXIDEX Corporation	0.26%	455,708	$52M	added0%	+0.03 pp	12 q
LEXEALiberty Expedia Holdings, Inc. Class A	0.26%	940,000	$51M	added+2%	+0.04 pp	3 q
NBISNebius Group N.V. Class A	0.26%	1,925,316	$51M	added+53%	+0.11 pp	6 q
AZPNAspen Technology Inc	0.25%	885,900	$49M	trimmed−15%	−0.08 pp	8 q
DXCMDexCom, Inc.	0.25%	680,810	$50M	trimmed−14%	−0.10 pp	17 q
MSGSMadison Square Garden Sports Corp.	0.25%	250,000	$49M	held	—	7 q
unresolvedVantiv Inc	0.25%	787,939	$50M	added+2%	−0.01 pp	6 q
WABWabtec Inc.	0.25%	535,014	$49M	added0%	+0.03 pp	16 q
MRCYMercury Systems Inc.	0.24%	1,126,000	$47M	added+1%	+0.01 pp	10 q
WEXWEX Inc.	0.24%	450,000	$47M	held	—	17 q
CSTECaesarstone Ltd.	0.24%	1,336,948	$47M	trimmed−50%	−0.28 pp	17 q
BERYBerry Global Group, Inc.	0.23%	800,000	$46M	held	—	17 q
FASTFastenal Co	0.23%	1,049,311	$46M	added+18%	−0.01 pp	17 q
GKOSGlaukos Corporation	0.23%	1,072,246	$44M	added+76%	+0.06 pp	9 q
HDHome Depot, Inc.	0.23%	291,806	$45M	trimmed−1%	0.00 pp	15 q
INOVInovalon Holdings Inc - A	0.23%	3,462,467	$46M	trimmed−28%	−0.09 pp	10 q
LSXMKLiberty Media Cor-siriusxm C	0.23%	1,100,000	$46M	trimmed−8%	−0.02 pp	5 q
PFGCPerformance Food Group Company	0.23%	1,648,650	$45M	trimmed−2%	+0.02 pp	7 q
GTTGTT Communications, Inc.	0.22%	1,350,000	$43M	new	+0.22 pp	new
KNSLKinsale Capital Group, Inc.	0.22%	1,167,810	$44M	added×4.9	+0.18 pp	3 q
DKSDick's Sporting Goods, Inc.	0.21%	1,052,703	$42M	trimmed−46%	−0.29 pp	17 q
CISNCision Ltd	0.21%	4,021,000	$41M	new	+0.21 pp	new
CMDCantel Medical Corporation	0.20%	500,000	$39M	held	—	11 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.20%	396,994	$39M	added+10%	+0.03 pp	17 q
JBTMJBT Marel Corporation	0.20%	400,000	$39M	added+33%	+0.06 pp	2 q
unresolvedNord Anglia Education Inc	0.20%	1,220,092	$40M	trimmed−82%	−0.71 pp	13 q
BSACBanco Santander-Chile	0.19%	1,473,798	$37M	added+26%	+0.03 pp	3 q
2663134DBitauto Holdings Ltd-adr	0.19%	1,275,700	$37M	added+74%	+0.09 pp	2 q
PRTYParty City Holdco Inc.	0.19%	2,433,500	$38M	added+3%	+0.01 pp	9 q
ZZillow Group, Inc. Class C	0.19%	741,989	$36M	trimmed−4%	+0.05 pp	8 q
BMABanco Macro S.A.	0.18%	385,490	$36M	new	+0.18 pp	new
BYDBoyd Gaming Corporation	0.18%	1,384,937	$34M	added+95%	+0.10 pp	2 q
RHIRobert Half Inc.	0.18%	736,864	$35M	trimmed−24%	−0.07 pp	17 q
unresolvedValero Energy Partners LP	0.18%	778,100	$36M	trimmed−2%	−0.02 pp	15 q
CAKECheesecake Factory (The)	0.17%	650,000	$33M	added+30%	0.00 pp	17 q
RBCRBC Bearings Incorporated	0.17%	325,000	$33M	trimmed−24%	−0.05 pp	11 q
SQMSociedad Quimica y Minera de Chile SA	0.17%	1,015,077	$34M	trimmed−0%	−0.02 pp	6 q
VMCVulcan Materials Company(Holding Company)	0.17%	264,886	$34M	added+12%	+0.02 pp	4 q
MGMMgm Resorts International	0.16%	1,021,437	$32M	trimmed−44%	−0.10 pp	10 q
NEOGNeogen Corp	0.16%	444,596	$31M	held	—	17 q
QLYSQualys, Inc.	0.16%	761,600	$31M	added+6%	+0.02 pp	14 q
unresolvedBrookfield Asset Mgmt Inc	0.15%	725,408	$28M	held	—	17 q
KMXCarMax Inc.	0.15%	460,015	$29M	trimmed−14%	−0.02 pp	17 q
SYNHSyneos Health, Inc. Class A	0.15%	500,000	$29M	trimmed−33%	−0.03 pp	11 q
NDSNNordson Corp	0.15%	250,000	$30M	held	—	17 q
TTDThe Trade Desk, Inc.	0.15%	594,813	$30M	added+5%	+0.04 pp	3 q
WINGWingstop Inc	0.15%	965,000	$30M	trimmed−0%	+0.01 pp	9 q
WYNTravel + Leisure Co.	0.15%	295,640	$30M	added+2%	+0.02 pp	2 q
NLSNNielsen Holdings PLC	0.15%	784,321	$30M	trimmed−0%	−0.02 pp	8 q
unresolvedFlotek Industries Inc DEL	0.14%	3,060,366	$27M	added+21%	−0.03 pp	16 q
FWONKLiberty Media Corporation Series C Liberty Formula One	0.14%	750,000	$27M	held	—	5 q
MGPMGM Growth Properties LLC Class A representing limited liability company interests	0.14%	960,966	$28M	trimmed−8%	−0.01 pp	5 q
SHWThe Sherwin-Williams Company	0.14%	79,567	$28M	trimmed−5%	0.00 pp	3 q
TRUTransUnion	0.14%	638,926	$28M	new	+0.14 pp	new
unresolvedDigitalglobe Inc	0.13%	750,000	$25M	trimmed−5%	−0.01 pp	17 q
HLTHilton Worldwide Holdings Inc.	0.13%	420,861	$26M	trimmed−12%	−0.02 pp	3 q
LBRDKLiberty Broadband Corporation Class C	0.13%	300,000	$26M	held	—	11 q
MSGNMSG Networks Inc.	0.13%	1,125,000	$25M	added+13%	+0.01 pp	7 q
ROLRollins, Inc.	0.13%	626,341	$25M	added0%	+0.01 pp	4 q
unresolvedSmart & Final Stores Inc	0.13%	2,696,863	$25M	trimmed−15%	−0.07 pp	10 q
TIFTiffany & Co.	0.13%	266,887	$25M	trimmed−4%	−0.01 pp	17 q
unresolved2U Inc	0.13%	532,588	$25M	new	+0.13 pp	new
MFSWelbilt Inc	0.13%	1,400,000	$26M	held	—	2 q
GOOGAlphabet Inc. Class C	0.12%	26,077	$24M	added+3%	+0.01 pp	13 q
AATAmerican Assets Trust, Inc.	0.12%	592,000	$23M	trimmed−36%	−0.08 pp	17 q
CXOConcho Resources Inc.	0.12%	200,389	$24M	trimmed−2%	−0.02 pp	17 q
MICMacquarie Infrastructure Hol	0.12%	304,222	$24M	trimmed−29%	−0.06 pp	6 q
MLMMartin Marietta Materials	0.12%	109,288	$24M	trimmed−2%	−0.01 pp	6 q
MASMasco Corporation	0.12%	615,402	$24M	added+17%	+0.03 pp	3 q
MOMOHello Group Inc.	0.12%	631,624	$23M	trimmed−60%	−0.16 pp	2 q
TFXTeleflex Incorporated	0.12%	117,002	$24M	added0%	0.00 pp	5 q
ACIWACI Worldwide, Inc.	0.11%	1,000,000	$22M	held	—	17 q
BWXTBWX Technologies, Inc.	0.11%	440,519	$21M	added+64%	+0.04 pp	2 q
CDWCDW Corporation	0.11%	339,217	$21M	new	+0.11 pp	new
unresolvedClubcorp Holdings Inc	0.11%	1,663,909	$22M	trimmed−15%	−0.06 pp	15 q
unresolvedEmerald Expositions Events Inc	0.11%	1,000,000	$22M	new	+0.11 pp	new
REVGREV Group, Inc.	0.11%	750,000	$21M	held	—	2 q
AOSA.O. Smith Corporation	0.11%	390,114	$22M	added+14%	+0.02 pp	3 q
ESNTEssent Group LTD	0.11%	597,174	$22M	held	—	4 q
BJRIBJ's Restaurants, Inc.	0.10%	500,000	$19M	held	—	17 q
CBOECboe Global Markets, Inc.	0.10%	203,981	$19M	added+1%	+0.01 pp	2 q
CHEFThe Chef's Warehouse Inc	0.10%	1,500,000	$20M	held	—	17 q
METAMeta Platforms, Inc. Class A	0.10%	130,441	$20M	added0%	0.00 pp	17 q
HGVHilton Grand Vacations Inc.	0.10%	527,128	$19M	added+16%	+0.03 pp	2 q
MARMarriott International Class A	0.10%	189,105	$19M	trimmed−21%	−0.02 pp	3 q
TROWT Rowe Price Group Inc	0.10%	276,362	$21M	added0%	0.00 pp	17 q
UHSUniversal Health Services, Inc. Class B	0.09%	150,734	$18M	trimmed−4%	−0.01 pp	17 q
VVISA Inc.	0.09%	191,214	$18M	trimmed−0%	0.00 pp	17 q
YEXTYext, Inc.	0.09%	1,259,111	$17M	new	+0.09 pp	new
ALGNAlign Technology Inc	0.08%	106,654	$16M	added×4.1	+0.06 pp	17 q
AMHAmerican Homes 4 Rent	0.08%	676,351	$15M	new	+0.08 pp	new
VMRKVivmark Residential	0.08%	231,335	$15M	added+5%	+0.01 pp	2 q
INVHInvitation Homes Inc.	0.08%	710,297	$15M	trimmed−3%	0.00 pp	2 q
MAMastercard Incorporated	0.08%	132,067	$16M	trimmed−0%	0.00 pp	17 q
PBFXPbf Logistics LP	0.08%	800,000	$16M	held	—	13 q
PLDPrologis, Inc.	0.08%	274,897	$16M	trimmed−4%	0.00 pp	3 q
RCLRoyal Caribbean Group	0.08%	135,044	$15M	trimmed−7%	0.00 pp	8 q
unresolvedDominion Midstream Partners	0.07%	445,000	$13M	held	—	11 q
REXRRexford Industrial Realty, Inc.	0.07%	468,940	$13M	trimmed−3%	+0.01 pp	11 q
TOLToll Brothers, Inc.	0.07%	326,925	$13M	held	—	17 q
unresolvedZoes Kitchen Inc	0.07%	1,200,000	$14M	added+27%	−0.02 pp	13 q
DLRDigital Realty Trust, Inc.	0.06%	103,828	$12M	new	+0.06 pp	new
STAYExtended Stay America, Inc. Paired Share	0.06%	566,000	$11M	new	+0.06 pp	new
QTSQts Realty Trust, Inc.	0.06%	234,093	$12M	new	+0.06 pp	new
SSLSasol Limited	0.06%	410,971	$11M	trimmed−0%	0.00 pp	10 q
unresolvedTerraform Global Inc	0.06%	2,255,331	$11M	trimmed−3%	0.00 pp	8 q
WBCWabco Holdings Inc.	0.06%	98,452	$13M	trimmed−2%	0.00 pp	10 q
FGAAmerican Campus Communities	0.05%	212,931	$10M	trimmed−10%	−0.01 pp	6 q
unresolvedHudson Pac Pptys Inc	0.05%	312,072	$11M	added×2.3	+0.02 pp	2 q
ISRGIntuitive Surgical Inc.	0.05%	10,344	$10M	trimmed−5%	+0.01 pp	3 q
SLGSL Green Realty Corp.	0.05%	100,000	$11M	held	—	17 q
unresolvedScorpio Tankers Inc	0.05%	2,500,000	$10M	trimmed−7%	−0.01 pp	17 q
AAPLApple Inc.	0.04%	48,796	$7M	held	—	17 q
HCSGHealthcare Services Group	0.04%	175,000	$8M	trimmed−22%	−0.01 pp	9 q
LBRDALiberty Broadband Corporation Class A	0.04%	100,000	$9M	held	—	11 q
LOWLowe's Companies Inc.	0.04%	113,122	$9M	held	—	17 q
MTSIMACOM Technology Solutions Holdings, Inc	0.04%	149,500	$8M	added+62%	+0.02 pp	10 q
RHTRed Hat Inc	0.04%	87,664	$8M	trimmed−9%	0.00 pp	17 q
NOWServicenow, Inc.	0.04%	68,970	$7M	trimmed−9%	+0.01 pp	8 q
VRNSVaronis Systems, Inc.	0.04%	222,529	$8M	added+9%	+0.01 pp	14 q
WLKPWestlake Chemical Partners LP	0.04%	350,000	$9M	added+1%	−0.01 pp	12 q
CMECME Group Inc.	0.03%	43,996	$6M	held	—	17 q
ENVEnvestnet, Inc.	0.03%	133,925	$5M	added+23%	+0.01 pp	15 q
unresolvedGeneral Communications Inc	0.03%	175,000	$6M	new	+0.03 pp	new
MYGNMyriad Genetics Inc	0.03%	215,500	$6M	added+58%	+0.02 pp	4 q
NFLXNetFlix Inc	0.03%	41,895	$6M	trimmed−16%	−0.01 pp	16 q
NOVTNovanta Inc.	0.03%	162,000	$6M	new	+0.03 pp	new
PKPark Hotels & Resorts Inc.	0.03%	192,227	$5M	trimmed−62%	−0.04 pp	2 q
SG7Sage Therapeutics Inc	0.03%	82,024	$7M	added+6%	0.00 pp	9 q
unresolvedTpi Composites Inc	0.03%	313,100	$6M	added×3.4	+0.02 pp	3 q
TDOCTeladoc Health, Inc.	0.03%	170,900	$6M	added×2.5	+0.02 pp	2 q
MLNXMellanox Technologies Ltd	0.03%	133,136	$6M	added+14%	0.00 pp	16 q
GOOGLAlphabet Inc. Class A	0.02%	3,869	$4M	trimmed−2%	0.00 pp	8 q
BIIBBiogen Inc.	0.02%	12,935	$4M	added+95%	+0.01 pp	14 q
BOBEBob Evans Farms, Inc.	0.02%	57,000	$4M	new	+0.02 pp	new
unresolvedCommerceHub, Inc., Series C	0.02%	195,500	$3M	added+30%	+0.01 pp	2 q
EWEdwards Lifesciences Corp	0.02%	37,266	$4M	trimmed−6%	0.00 pp	17 q
unresolvedEncana Corp	0.02%	435,100	$4M	trimmed−29%	−0.02 pp	6 q
EPAMEpam Systems, Inc.	0.02%	42,073	$4M	added+3%	0.00 pp	7 q
MRAMEverspin Technologies, Inc	0.02%	202,725	$4M	added+15%	+0.01 pp	3 q
EVHEvolent Health, Inc Class A	0.02%	121,000	$3M	new	+0.02 pp	new
unresolvedFlexion Therapeutics Inc	0.02%	209,500	$4M	added+99%	0.00 pp	5 q
FNDFloor & Decor Holdings, Inc.	0.02%	114,387	$4M	new	+0.02 pp	new
unresolvedFoundation Medicine	0.02%	90,900	$4M	added+3%	0.00 pp	15 q
unresolvedKeyw Holding Corp	0.02%	468,000	$4M	added×2.1	+0.01 pp	17 q
unresolvedMonsanto Co	0.02%	34,060	$4M	trimmed−10%	0.00 pp	17 q
PCRXPacira BioSciences, Inc.	0.02%	72,334	$3M	added+47%	+0.01 pp	8 q
PEParsley Energy Inc	0.02%	171,700	$5M	trimmed−10%	−0.01 pp	13 q
PFPTProofpoint, Inc.	0.02%	34,559	$3M	added+17%	+0.01 pp	2 q
unresolvedRsp Permian Inc	0.02%	133,900	$4M	trimmed−14%	−0.01 pp	14 q
REGNRegeneron Pharmaceuticals Inc	0.02%	7,061	$3M	added+10%	+0.01 pp	14 q
CRMSalesforce, Inc.	0.02%	53,126	$5M	trimmed−10%	−0.01 pp	17 q
SIENSientra, Inc.	0.02%	471,500	$5M	added×2.1	+0.01 pp	6 q
SPLKSplunk Inc	0.02%	51,732	$3M	added+19%	+0.01 pp	3 q
TXMDTherapeuticsMD, Inc.	0.02%	850,000	$4M	added×2.3	+0.01 pp	14 q
GLNGGolar LNG Ltd	0.02%	187,735	$4M	added+5%	−0.01 pp	17 q
KRNTKornit Digital Ltd.	0.02%	170,000	$3M	added+92%	+0.01 pp	6 q
ASMLASML Holding NV	0.02%	34,401	$4M	held	—	16 q
unresolvedMobileye Nv	0.02%	71,563	$4M	trimmed−84%	−0.12 pp	12 q
XLRNAcceleron Pharma Inc.	0.01%	45,038	$1M	new	+0.01 pp	new
ADMSAdamas Pharmaceuticals, Inc.	0.01%	103,200	$2M	added+46%	0.00 pp	4 q
AAgilent Technologies Inc.	0.01%	28,000	$2M	held	—	17 q
AMBRAmber Road Inc	0.01%	194,200	$2M	held	—	13 q
unresolvedAndeavor	0.01%	21,500	$2M	new	+0.01 pp	new
ARAntero Resources Corporation	0.01%	67,300	$1M	trimmed−21%	0.00 pp	5 q
CERSCerus Corp	0.01%	560,900	$1M	added+21%	0.00 pp	11 q
CLDRCloudera, Inc.	0.01%	101,628	$2M	new	+0.01 pp	new
CLVSNClovis Oncology Inc	0.01%	15,015	$1M	new	+0.01 pp	new
COHRCoherent Corp.	0.01%	6,100	$1M	held	—	17 q
EOGEOG Resources, Inc.	0.01%	20,768	$2M	trimmed−9%	0.00 pp	16 q
EAElectronic Arts Inc	0.01%	26,847	$3M	added+10%	0.00 pp	2 q
unresolvedEnergen Corp	0.01%	25,866	$1M	trimmed−7%	0.00 pp	5 q
ETEnergy Transfer LP	0.01%	122,500	$2M	trimmed−9%	0.00 pp	11 q
ESEESCO Technologies, Inc.	0.01%	24,500	$1M	added+48%	0.00 pp	8 q
HALHalliburton Company	0.01%	66,596	$3M	trimmed−9%	−0.01 pp	17 q
PIImpinj, Inc.	0.01%	50,000	$2M	trimmed−49%	−0.01 pp	3 q
INCYIncyte Genomics Inc	0.01%	10,597	$1M	new	+0.01 pp	new
INGNInogen Inc	0.01%	23,000	$2M	added+15%	0.00 pp	14 q
unresolvedJones Energy Inc	0.01%	678,886	$1M	trimmed−6%	0.00 pp	3 q
LM05Liberty Media Corp-liberty-a	0.01%	73,000	$3M	added+14%	0.00 pp	5 q
MPLXMplx LP	0.01%	31,100	$1M	trimmed−9%	0.00 pp	7 q
MANHManhattan Associates Inc	0.01%	57,757	$3M	held	—	12 q
MUFGMitsubishi UFJ Financial Group, Inc.	0.01%	145,000	$979,000	new	+0.01 pp	new
NCSMNCS Multistage Holdings, Inc.	0.01%	54,800	$1M	new	+0.01 pp	new
NVRONNevro Corp	0.01%	21,300	$2M	added+31%	0.00 pp	6 q
unresolvedNewfield Expl Co	0.01%	98,900	$3M	trimmed−9%	−0.01 pp	10 q
NBLXNoble Midstream Partners LP	0.01%	39,238	$2M	trimmed−19%	0.00 pp	3 q
PXDPioneer Natural Resource Co.	0.01%	7,200	$1M	new	+0.01 pp	new
QADAQad Inc-a	0.01%	50,000	$2M	added×4.2	+0.01 pp	2 q
QUOTQuotient Technology Inc	0.01%	200,000	$2M	added+74%	0.00 pp	8 q
RICEEqt Re Merger Sub Inc	0.01%	86,600	$2M	trimmed−31%	−0.01 pp	6 q
RYAAYRyanair Holdings plc	0.01%	16,075	$2M	held	—	7 q
unresolvedSanchez Prodtn Partner	0.01%	125,000	$2M	held	—	3 q
SLBSLB Limited	0.01%	17,400	$1M	trimmed−32%	0.00 pp	7 q
SEMGSemgroup Corp-class A	0.01%	46,900	$1M	added+4%	0.00 pp	5 q
SNAPSnap Inc.	0.01%	66,404	$1M	trimmed−34%	0.00 pp	2 q
SONYSony Group Corporation	0.01%	57,000	$2M	added+19%	0.00 pp	4 q
SBUXStarbucks Corp	0.01%	48,649	$3M	held	—	17 q
unresolvedSun Hydraulics Corp	0.01%	46,000	$2M	new	+0.01 pp	new
SUPNSupernus Pharmaceuticals, Inc.	0.01%	44,602	$2M	new	+0.01 pp	new
SYFSynchrony Financial	0.01%	76,905	$2M	trimmed−49%	−0.02 pp	3 q
TRGPTarga Resources Corp.	0.01%	41,900	$2M	trimmed−28%	−0.01 pp	6 q
T8STesaro Inc	0.01%	10,041	$1M	new	+0.01 pp	new
TTSTile Shop Hldgs Inc	0.01%	55,000	$1M	new	+0.01 pp	new
TRUETrueCar, Inc.	0.01%	135,000	$3M	trimmed−7%	0.00 pp	3 q
SLCAU.s. Silica Holdings, Inc.	0.01%	43,800	$2M	trimmed−9%	0.00 pp	5 q
VEEVVeeva Systems Inc.	0.01%	39,677	$2M	new	+0.01 pp	new
WPXWPX Energy, Inc.	0.01%	180,500	$2M	trimmed−9%	0.00 pp	3 q
AMBAAmbarella, Inc.	0.01%	32,000	$2M	new	+0.01 pp	new
ICHRIchor Holdings	0.01%	112,000	$2M	added+63%	0.00 pp	3 q
FTITechnipFMC plc	0.01%	54,100	$1M	trimmed−20%	0.00 pp	2 q
CHKPCheck Point Software Technologies Ltd	0.01%	18,689	$2M	held	—	17 q
CMPRCimpress PLC (Ireland)	0.01%	10,500	$993,000	added×2.1	+0.01 pp	3 q
CLBCore Laboratories Inc.	0.01%	10,550	$1M	trimmed−8%	0.00 pp	17 q
unresolvedPatheon N V	0.01%	67,902	$2M	added×2.7	+0.01 pp	3 q
AERIAerie Pharmaceuticals, Inc.	0.00%	5,511	$290,000	added+13%	0.00 pp	12 q
APCAnadarko Petroleum Corp	0.00%	19,800	$898,000	trimmed−9%	−0.01 pp	4 q
APAMArtisan Partners Asset Management Inc.	0.00%	15,874	$487,000	held	—	17 q
BRK.ABerkshire Hathaway Inc.	0.00%	1	$255,000	held	—	4 q
BLBlackLine, Inc.	0.00%	4,564	$163,000	trimmed−81%	0.00 pp	3 q
DLChina Distance Education Holdings Limited	0.00%	38,229	$341,000	trimmed−45%	0.00 pp	4 q
CHUYChuy's Holdings, Inc.	0.00%	35,000	$819,000	new	0.00 pp	new
CYHCommunity Health Systems, Inc.	0.00%	100	$1,000	held	—	17 q
FEYEFireEye, Inc.	0.00%	46,074	$701,000	added+65%	0.00 pp	15 q
FETForum Energy Technologies, Inc.	0.00%	54,500	$850,000	trimmed−23%	−0.01 pp	4 q
GSGoldman Sachs Group Inc.	0.00%	800	$178,000	held	—	4 q
GRFSGrifois, S.A.	0.00%	20,000	$423,000	trimmed−50%	0.00 pp	17 q
HDBHDFC Bank Limited	0.00%	4,288	$373,000	added+47%	0.00 pp	2 q
JDJD.com, Inc.	0.00%	16,398	$643,000	added+26%	0.00 pp	2 q
unresolvedKeane Group Inc	0.00%	29,200	$467,000	trimmed−30%	0.00 pp	2 q
unresolvedMindbody Cl A	0.00%	20,000	$544,000	new	0.00 pp	new
OKTAOkta, Inc. Class A	0.00%	40,076	$914,000	new	0.00 pp	new
PGProcter & Gamble Company	0.00%	1,796	$157,000	held	—	4 q
QADBQad Inc-b	0.00%	32,000	$859,000	trimmed−14%	0.00 pp	5 q
QCOMQualcomm Inc	0.00%	4,000	$221,000	held	—	4 q
SNDSmart Sand, Inc.	0.00%	66,600	$593,000	trimmed−45%	−0.01 pp	2 q
SJMThe J.M. Smucker Company	0.00%	251	$30,000	held	—	4 q
SFMSprouts Farmers Market, Inc.	0.00%	30,000	$680,000	new	0.00 pp	new
SUSuncor Energy, Inc.	0.00%	32,000	$934,000	held	—	16 q
TTWOTake-Two Interactive Software Inc	0.00%	4,009	$294,000	new	0.00 pp	new
VLOValero Energy Corporation	0.00%	13,100	$884,000	trimmed−69%	−0.02 pp	7 q
WBWeibo Corporation	0.00%	13,111	$871,000	new	0.00 pp	new
unresolvedLuxoft Holding	0.00%	4,557	$277,000	held	—	5 q
NBRNabors Industries Ltd.	0.00%	89,800	$731,000	trimmed−22%	−0.01 pp	4 q
unresolvedNetshoes Cayman Ltd	0.00%	11,094	$211,000	new	0.00 pp	new
GLOBGlobant S.a.	0.00%	10,221	$444,000	held	—	5 q
unresolvedPanera Bread Co	—	−613,375	—	exited	−0.85 pp	—
BAHBooz Allen Hamilton Holding Corporation	—	−1,256,932	—	exited	−0.24 pp	—
unresolvedCapitol Acquisition Corp III	—	−3,000,000	—	exited	−0.17 pp	—
SPGSimon Property Group, Inc.	—	−97,351	—	exited	−0.09 pp	—
AAPAdvance Auto Parts Inc	—	−97,745	—	exited	−0.08 pp	—
AUAngloGold Ashanti plc	—	−1,460,835	—	exited	−0.08 pp	—
CDKCDK Global, Inc.	—	−240,551	—	exited	−0.08 pp	—
TSCOTractor Supply Co	—	−230,212	—	exited	−0.08 pp	—
SINASina Corp	—	−180,030	—	exited	−0.07 pp	—
VNOVornado Realty Trust	—	−114,098	—	exited	−0.06 pp	—
BXPBXP, Inc.	—	−59,583	—	exited	−0.04 pp	—
LM03Liberty Media Cor-siriusxm A	—	−150,000	—	exited	−0.03 pp	—
VIRTVirtu Financial, Inc. Class A	—	−360,683	—	exited	−0.03 pp	—
MEDPMedpace Holdings, Inc.	—	−46,904	—	exited	−0.01 pp	—
unresolvedNovadaq Technologies Inc	—	−185,700	—	exited	−0.01 pp	—
ORLYO'Reilly Automotive, Inc.	—	−8,964	—	exited	−0.01 pp	—
RAREUltragenyx Pharmaceutical Inc.	—	−30,848	—	exited	−0.01 pp	—
CRZOCarrizo Oil & Gas Inc	—	−17,300	—	exited	0.00 pp	—
MULEMuleSoft, Inc.	—	−25,000	—	exited	0.00 pp	—
PBRPetroleo Brasileiro S.a.-petrobras	—	−24,814	—	exited	0.00 pp	—
unresolvedQuorum Health Corp	—	−25	—	exited	0.00 pp	—
TEGPTallgrass Energy GP, LP	—	−13,742	—	exited	0.00 pp	—
GLREGreenlight Captial RE, LTD. Class A	—	−4,529	—	exited	0.00 pp	—