Baron Capital

Q4 2020 13F · by Ron Baron, CEO

As of: Dec 31, 2020
Filed: Feb 12, 2021
US stock: $40.4B · prev $32.6B
Positions: 377 · prev 356
Options notional: $0
Documents: 1· no amendments

Picture99.8% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 99.8%
Foreign stock not listed in the US 0.2%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves337 since the prior filing

+4.6 pp in · −4.6 pp out

New 40 +2.36 pp
Added 163 +2.21 pp
Trimmed 115 −3.81 pp
Exited 19 −0.82 pp

The book

Diversified · behaves like 40 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 19% a year, about 5.4 years per position

Low
Moderate
High

Top 5 positions26% of US stock

TSLA Tesla, Inc. trimmed+2.11 pp trimmed+2.1111.8%
CSGP CoStar Group Inc trimmed−0.80 pp trimmed−0.804.4%
IDXX Idexx Laboratories Inc trimmed−0.07 pp trimmed−0.073.8%
MTN Vail Resorts, Inc. trimmed+0.10 pp trimmed+0.103.0%
MSCI MSCI, Inc. trimmed−0.01 pp trimmed−0.012.5%

Positions377 in this filing · 19 exited


TSLATesla, Inc.	11.75%	6,733,066	$4.8B	trimmed−8%	+2.11 pp	28 q
CSGPCoStar Group Inc	4.42%	1,934,583	$1.8B	trimmed−3%	−0.80 pp	31 q
IDXXIdexx Laboratories Inc	3.84%	3,107,706	$1.6B	trimmed−4%	−0.07 pp	31 q
MTNVail Resorts, Inc.	3.05%	4,421,823	$1.2B	trimmed−2%	+0.10 pp	31 q
MSCIMSCI, Inc.	2.46%	2,228,502	$995M	trimmed−1%	−0.01 pp	31 q
PENNPENN Entertainment, Inc.	2.43%	11,394,248	$984M	trimmed−3%	−0.18 pp	31 q
ITGartner, Inc.	2.25%	5,665,435	$908M	added0%	+0.08 pp	31 q
FDSFactset Research Systems	2.22%	2,698,651	$897M	trimmed−1%	−0.58 pp	31 q
AKXAnsys Inc	2.07%	2,298,572	$836M	trimmed−4%	−0.32 pp	31 q
ACGLArch Capital Group Ltd	1.87%	21,004,452	$758M	trimmed−1%	−0.04 pp	31 q
GWREGuidewire Software, Inc.	1.82%	5,712,730	$735M	added+1%	0.00 pp	31 q
IRDMIridium Communications Inc.	1.25%	12,898,782	$507M	trimmed−0%	+0.23 pp	27 q
CHHChoice Hotels Intnl.	1.23%	4,675,649	$499M	trimmed−1%	−0.01 pp	31 q
MTDMettler-Toledo International	1.21%	428,466	$488M	trimmed−2%	−0.09 pp	31 q
BABAAlibaba Group Holding Limited	1.19%	2,063,496	$480M	trimmed−1%	−0.70 pp	26 q
TECHBio-Techne Corp.	1.17%	1,493,510	$474M	trimmed−0%	+0.03 pp	25 q
BFAMBright Horizons Family Solutions Inc.	1.15%	2,680,712	$464M	trimmed−3%	−0.14 pp	31 q
WIXWIX.com Ltd.	1.04%	1,686,383	$422M	trimmed−3%	−0.32 pp	17 q
GDSGDS Holdings Limited	1.03%	4,451,689	$417M	added+2%	−0.07 pp	12 q
ZGZillow Group Inc Class A	1.03%	3,052,158	$415M	trimmed−1%	+0.07 pp	24 q
WSTWest Pharmaceutical Services, Inc.	0.94%	1,335,068	$378M	trimmed−7%	−0.27 pp	31 q
GLPIGaming and Leisure Properties, Inc.	0.93%	8,864,092	$376M	trimmed−2%	−0.09 pp	29 q
KNSLKinsale Capital Group, Inc.	0.93%	1,871,414	$375M	trimmed−0%	−0.17 pp	17 q
HHyatt Hotels Corporation	0.90%	4,905,945	$364M	trimmed−0%	+0.10 pp	31 q
TREXTrex Company, Inc.	0.90%	4,332,985	$363M	trimmed−4%	−0.09 pp	28 q
SCHWThe Charles Schwab Corporation	0.89%	6,763,252	$359M	trimmed−0%	+0.13 pp	31 q
VACMarriott Vacations Worldwide Corporation	0.88%	2,580,685	$354M	trimmed−2%	+0.15 pp	31 q
SSNCSS&C Technologies Inc	0.82%	4,560,662	$332M	trimmed−8%	−0.10 pp	31 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.79%	2,917,010	$318M	added+3%	+0.08 pp	31 q
MORNMorningstar, Inc.	0.77%	1,337,835	$310M	trimmed−0%	+0.11 pp	31 q
DAYDayforce, Inc.	0.76%	2,898,594	$309M	added+1%	+0.03 pp	11 q
PRIPrimerica, Inc.	0.74%	2,243,331	$300M	trimmed−3%	−0.06 pp	31 q
VRSKVerisk Analytics, Inc.	0.72%	1,401,370	$291M	trimmed−1%	−0.08 pp	31 q
AMZNAmazon.Com Inc	0.69%	85,536	$279M	added+17%	−0.01 pp	31 q
ZLABZai Lab Limited	0.69%	2,046,155	$277M	added+1%	+0.17 pp	12 q
RNGRingcentral, Inc.	0.66%	699,458	$265M	added+31%	+0.21 pp	10 q
SBACSBA Communications Corp	0.65%	930,312	$262M	trimmed−2%	−0.27 pp	17 q
ZZillow Group, Inc. Class C	0.60%	1,855,647	$241M	trimmed−8%	−0.03 pp	22 q
AREAlexandria Real Estate Equities, Inc.	0.56%	1,270,722	$226M	added+1%	−0.06 pp	31 q
TTDThe Trade Desk, Inc.	0.56%	282,995	$227M	trimmed−20%	0.00 pp	17 q
ILMNIllumina Inc	0.55%	602,342	$223M	added+15%	+0.05 pp	31 q
VEEVVeeva Systems Inc.	0.54%	808,480	$220M	added+2%	−0.15 pp	15 q
SITESiteOne Landscape Supply, Inc.	0.50%	1,277,607	$203M	trimmed−2%	+0.01 pp	19 q
GTMZoomInfo Technologies Inc	0.50%	4,215,271	$203M	added+6%	−0.02 pp	3 q
IBPInstalled Building Products, Inc.	0.49%	1,951,761	$199M	trimmed−6%	−0.16 pp	13 q
CLVTClarivate Plc	0.48%	6,483,321	$193M	trimmed−0%	−0.14 pp	7 q
MANUManchester United PLC	0.47%	11,358,742	$190M	trimmed−2%	−0.05 pp	31 q
DEIDouglas Emmett, Inc.	0.46%	6,393,627	$187M	added+11%	+0.02 pp	31 q
DAVAEndava plc	0.46%	2,441,085	$187M	added+6%	+0.02 pp	10 q
CNSCohen & Steers Inc.	0.45%	2,459,604	$183M	trimmed−2%	+0.02 pp	31 q
GOOGAlphabet Inc. Class C	0.44%	100,458	$176M	added+34%	+0.10 pp	27 q
MKTXMarketAxess Holdings Inc.	0.44%	309,959	$177M	trimmed−0%	−0.02 pp	22 q
RRRRed Rock Resorts, Inc. Class A	0.44%	7,090,914	$178M	added+7%	+0.09 pp	19 q
FNDFloor & Decor Holdings, Inc.	0.43%	1,867,432	$173M	trimmed−12%	−0.06 pp	15 q
EQIXEquinix, Inc.	0.41%	233,433	$167M	added+3%	−0.12 pp	24 q
PEGAPegasystems Inc	0.41%	1,243,650	$166M	added+1%	−0.05 pp	31 q
TRUTransUnion	0.41%	1,663,601	$165M	trimmed−0%	−0.02 pp	15 q
AZPNAspen Technology Inc	0.40%	1,251,915	$163M	trimmed−0%	−0.09 pp	22 q
DXCMDexCom, Inc.	0.38%	416,529	$154M	trimmed−0%	−0.15 pp	31 q
METAMeta Platforms, Inc. Class A	0.37%	547,979	$150M	added+15%	−0.01 pp	31 q
COLDAmericold Realty Trust, Inc.	0.36%	3,947,344	$147M	trimmed−4%	−0.09 pp	12 q
VRSNVeriSign Inc	0.36%	681,224	$147M	trimmed−4%	−0.09 pp	31 q
GHGuardant Health, Inc.	0.35%	1,089,983	$140M	added+3%	−0.01 pp	9 q
PAGSPagSeguro Digital Ltd.	0.35%	2,488,221	$142M	trimmed−5%	+0.05 pp	12 q
STNEStoneCo Ltd. Class A	0.35%	1,668,780	$140M	trimmed−5%	+0.06 pp	9 q
EFOREverforth, Inc.	0.34%	1,656,800	$138M	held	—	10 q
XLRNAcceleron Pharma Inc.	0.33%	1,048,043	$134M	added+18%	+0.02 pp	15 q
ROPRoper Technologies, Inc.	0.33%	308,232	$133M	trimmed−0%	−0.05 pp	31 q
SDGRSchrodinger, Inc.	0.33%	1,694,734	$134M	added+64%	+0.18 pp	4 q
SHOPShopify Inc. Class A subordinate voting shares	0.33%	119,504	$135M	added+30%	+0.04 pp	5 q
MRCYMercury Systems Inc.	0.32%	1,482,680	$131M	added+20%	+0.03 pp	24 q
OPENOpendoor Technologies Inc	0.32%	6,132,499	$130M	new	+0.32 pp	new
VRTVertiv Holdings Co Class A	0.32%	7,000,000	$131M	held	—	4 q
MELIMercado Libre, Inc	0.30%	71,267	$119M	added+15%	+0.09 pp	10 q
ICLRIcon Plc	0.30%	629,423	$123M	held	—	31 q
FISFidelity National Information Services, Inc.	0.29%	816,086	$115M	trimmed−19%	−0.17 pp	6 q
LBRDKLiberty Broadband Corporation Class C	0.29%	744,598	$118M	added+3%	−0.03 pp	25 q
UTZUtz Brands, Inc.	0.28%	5,100,000	$113M	trimmed−5%	−0.01 pp	3 q
ARGXargenx SE	0.27%	372,398	$110M	added+26%	+0.03 pp	13 q
BWINThe Baldwin Insurance Group, Inc. Class A	0.27%	3,590,279	$108M	added+15%	+0.03 pp	5 q
KTOSKratos Defense & Security Solutions, Inc.	0.27%	3,957,839	$109M	held	—	4 q
RPAYRepay Holdings Corporation Class A	0.27%	3,022,885	$109M	trimmed−30%	−0.04 pp	5 q
ALTRAltair Engineering Inc. Class A	0.26%	1,787,359	$104M	trimmed−3%	+0.02 pp	13 q
SPLKSplunk Inc	0.26%	615,828	$105M	added+63%	+0.04 pp	17 q
FTCHQFarfetch Limited A	0.25%	1,561,131	$100M	new	+0.25 pp	new
MSFTMicrosoft Corp	0.25%	451,597	$100M	added+10%	−0.01 pp	13 q
XPXP Inc. Class A	0.25%	2,595,241	$103M	added+72%	+0.06 pp	5 q
CGNXCognex Corp	0.24%	1,200,000	$96M	held	—	31 q
TWLOTwilio Inc.	0.24%	291,519	$99M	added+28%	+0.07 pp	7 q
SPOTSpotify Technology S.A.	0.24%	307,844	$97M	added×2.5	+0.15 pp	11 q
EPAMEpam Systems, Inc.	0.23%	255,266	$91M	added+40%	+0.05 pp	21 q
SILKSilk Road Medical, Inc.	0.23%	1,475,870	$93M	held	—	7 q
unresolvedCooper Cos Inc/The	0.22%	241,954	$88M	trimmed−0%	−0.03 pp	28 q
DNLIDenali Therapeutics Inc.	0.22%	1,063,406	$89M	added+11%	+0.11 pp	13 q
HLIHoulihan Lokey, Inc.	0.22%	1,301,235	$87M	trimmed−0%	−0.02 pp	13 q
IEXIDEX Corporation	0.22%	448,107	$89M	trimmed−6%	−0.05 pp	26 q
TFXTeleflex Incorporated	0.22%	218,135	$90M	added0%	−0.01 pp	19 q
FVRRFiverr International Ltd.	0.22%	452,170	$88M	trimmed−18%	−0.02 pp	7 q
ARRYArray Technologies, Inc.	0.21%	1,978,487	$85M	new	+0.21 pp	new
OLLIOllie's Bargain Outlet Holdings, Inc.	0.21%	1,029,202	$84M	added+8%	−0.05 pp	14 q
TXG10x Genomics, Inc. Class A	0.21%	596,882	$85M	added+23%	+0.02 pp	6 q
AFYAAfya Limited Class A	0.21%	3,359,461	$85M	added+8%	−0.05 pp	6 q
unresolvedThe Carlyle Group	0.20%	2,562,025	$81M	trimmed−7%	−0.01 pp	31 q
CRWDCrowdStrike Holdings, Inc. Class A	0.20%	388,051	$82M	added+6%	+0.05 pp	7 q
ITUBItau Unibanco Holding S.A.	0.20%	13,544,323	$82M	new	+0.20 pp	new
JBTMJBT Marel Corporation	0.20%	725,000	$83M	trimmed−3%	−0.01 pp	16 q
SNOWSnowflake Inc.	0.20%	280,547	$79M	trimmed−6%	−0.03 pp	2 q
AIYActivision Blizzard Inc	0.19%	822,885	$76M	added+1%	−0.01 pp	12 q
unresolvedBrookfield Asset Mgmt Inc	0.19%	1,863,681	$77M	trimmed−0%	0.00 pp	31 q
unresolvedNew Oriental Ed & Tech Grp I	0.19%	409,892	$76M	added+1%	0.00 pp	9 q
PRAHPRA Health Sciences, Inc.	0.19%	628,164	$79M	held	—	25 q
TDGTransDigm Group Incorporated	0.19%	125,000	$77M	held	—	31 q
WCNWaste Connections, Inc.	0.19%	750,000	$77M	trimmed−4%	−0.06 pp	18 q
WEXWEX Inc.	0.19%	375,000	$76M	held	—	31 q
AVNTAvient Corporation	0.18%	1,809,631	$73M	added+1%	+0.03 pp	5 q
HQYHealthEquity, Inc	0.18%	1,049,371	$73M	trimmed−0%	+0.01 pp	26 q
PINSPinterest, Inc. Class A	0.18%	1,096,708	$72M	added+9%	+0.05 pp	2 q
ROLRollins, Inc.	0.18%	1,876,175	$73M	trimmed−0%	−0.03 pp	18 q
APHAmphenol Corporation	0.17%	517,321	$68M	trimmed−1%	0.00 pp	7 q
BYDBoyd Gaming Corporation	0.17%	1,557,625	$67M	trimmed−2%	+0.02 pp	16 q
CAKECheesecake Factory (The)	0.17%	1,895,000	$70M	added+14%	+0.03 pp	31 q
INSPInspire Medical Systems, Inc.	0.17%	373,935	$70M	held	—	8 q
AXNXAxonics, Inc.	0.16%	1,280,982	$64M	added+4%	−0.03 pp	4 q
unresolvedLufax Holding Ltd	0.16%	4,523,723	$64M	new	+0.16 pp	new
NEOGNeogen Corp	0.16%	838,570	$66M	added+2%	−0.04 pp	31 q
WTWWillis Towers Watson Public Limited Company	0.16%	314,186	$66M	trimmed−6%	−0.05 pp	20 q
CDWCDW Corporation	0.15%	453,932	$60M	trimmed−3%	−0.02 pp	15 q
PLNTPlanet Fitness, Inc.	0.15%	800,000	$62M	held	—	12 q
NBISNebius Group N.V. Class A	0.15%	857,939	$60M	trimmed−25%	−0.08 pp	20 q
CBRECbre Group, Inc.	0.14%	933,089	$59M	trimmed−22%	−0.03 pp	31 q
FICOFair Isaac Corporation	0.14%	107,950	$55M	added+1%	0.00 pp	5 q
MAMastercard Incorporated	0.14%	161,834	$58M	added+43%	+0.02 pp	31 q
PTCTPTC Therapeutics, Inc.	0.14%	900,110	$55M	added+6%	+0.02 pp	5 q
ARWRArrowhead Research Corporation	0.13%	664,637	$51M	added+79%	+0.08 pp	9 q
AZEKThe AZEK Company Inc.	0.13%	1,399,032	$54M	trimmed−2%	−0.02 pp	3 q
CDNACareDx, Inc.	0.13%	737,229	$53M	trimmed−7%	+0.04 pp	11 q
DKNGDraftKings Inc. Class A	0.13%	1,130,900	$53M	held	—	3 q
DTDynatrace, Inc.	0.13%	1,220,256	$53M	added+85%	+0.05 pp	6 q
FRCBFirst Republic Bk CA	0.13%	362,734	$53M	trimmed−0%	+0.01 pp	31 q
FWONKLiberty Media Corporation Series C Liberty Formula One	0.13%	1,250,000	$53M	held	—	19 q
MCMoelis & Company	0.13%	1,106,189	$52M	trimmed−40%	−0.07 pp	27 q
SFIXStitch Fix, Inc. Class A	0.13%	864,965	$51M	new	+0.13 pp	new
TTCToro Company (The)	0.13%	543,216	$52M	trimmed−0%	−0.01 pp	14 q
VVISA Inc.	0.13%	238,512	$52M	added+59%	+0.04 pp	31 q
WYNNWynn Resorts Ltd	0.13%	473,965	$53M	trimmed−11%	+0.01 pp	5 q
ZTOZTO Express (Cayman) Inc.	0.13%	1,808,570	$53M	added+67%	+0.03 pp	2 q
BKNGBooking Holdings Inc.	0.12%	22,250	$50M	trimmed−3%	0.00 pp	12 q
DASHDoorDash, Inc. Class A	0.12%	348,747	$50M	new	+0.12 pp	new
FLTCorpay, Inc.	0.12%	170,468	$47M	trimmed−31%	−0.06 pp	31 q
PACBPacific Biosciences of California, Inc.	0.12%	1,896,866	$49M	trimmed−39%	+0.03 pp	2 q
PAYAPaya Holdings Inc. Class A	0.12%	3,525,000	$48M	new	+0.12 pp	new
PYPLPayPal Holdings, Inc.	0.12%	201,276	$47M	added+56%	+0.04 pp	8 q
TROWT Rowe Price Group Inc	0.12%	328,539	$50M	trimmed−0%	−0.01 pp	31 q
REXRRexford Industrial Realty, Inc.	0.12%	963,200	$47M	added+10%	0.00 pp	25 q
ADBEAdobe Inc.	0.11%	89,742	$45M	added×2.7	+0.06 pp	13 q
BERYBerry Global Group, Inc.	0.11%	800,000	$45M	held	—	31 q
LSXMKLiberty Media Cor-siriusxm C	0.11%	1,000,000	$44M	held	—	10 q
NOWServicenow, Inc.	0.11%	81,363	$45M	added+30%	+0.02 pp	22 q
TALTAL Education Group	0.11%	643,481	$46M	added+21%	−0.01 pp	28 q
YUMCYum China Holdings, Inc.	0.11%	784,881	$45M	added+4%	−0.01 pp	2 q
GLNGGolar LNG Ltd	0.11%	4,701,358	$45M	added+30%	+0.04 pp	31 q
AATAmerican Assets Trust, Inc.	0.10%	1,422,736	$41M	added+66%	+0.04 pp	31 q
ISRGIntuitive Surgical Inc.	0.10%	48,707	$40M	added+3%	0.00 pp	17 q
LFUSLittelfuse Inc	0.10%	153,165	$39M	trimmed−2%	+0.01 pp	20 q
MSGSMadison Square Garden Sports Corp.	0.10%	225,000	$41M	held	—	21 q
PARPAR Technology Corp.	0.10%	644,653	$40M	added+39%	+0.04 pp	10 q
PRPLPurple Innovation, Inc.	0.10%	1,234,912	$41M	held	—	3 q
FOURShift4 Payments, Inc.	0.10%	561,570	$42M	added0%	+0.02 pp	3 q
AMTAmerican Tower Corporation	0.09%	162,499	$36M	added+67%	+0.02 pp	31 q
PDDPDD Holdings Inc.	0.09%	210,109	$37M	added+31%	+0.05 pp	10 q
RBCRBC Bearings Incorporated	0.09%	200,000	$36M	held	—	25 q
WORKSlack Technologies, Inc.	0.09%	905,748	$38M	added+6%	+0.02 pp	5 q
unresolvedTpi Composites Inc	0.09%	707,000	$37M	held	—	17 q
ADPTAdaptive Biotechnologies Corporation	0.08%	522,882	$31M	added+1%	0.00 pp	7 q
DDOGDatadog, Inc. Class A	0.08%	336,930	$33M	added+10%	−0.02 pp	6 q
unresolvedDesktop Metal Inc	0.08%	2,000,000	$33M	new	+0.08 pp	new
GDYNGrid Dynamics Holdings, Inc. Class A	0.08%	2,527,000	$32M	added+20%	+0.03 pp	4 q
LVSLas Vegas Sands Corp.	0.08%	552,127	$33M	added×2.0	+0.04 pp	5 q
OZONOzon Holdings PLC	0.08%	783,676	$32M	new	+0.08 pp	new
VRTXVertex Pharmaceuticals Inc	0.08%	136,369	$32M	added+64%	+0.01 pp	14 q
ESNTEssent Group LTD	0.08%	747,482	$32M	trimmed−0%	−0.01 pp	18 q
AEISAdvanced Energy Industries Inc	0.07%	300,000	$29M	held	—	5 q
ALGMAllegro MicroSystems, Inc.	0.07%	1,000,000	$27M	new	+0.07 pp	new
BILLBILL Holdings, Inc.	0.07%	194,387	$27M	added+12%	+0.02 pp	5 q
BVBrightView Holdings, Inc.	0.07%	1,960,475	$30M	held	—	9 q
NETCloudflare, Inc. Class A, par value $0.001 per share	0.07%	382,988	$29M	added+11%	+0.03 pp	6 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.07%	354,965	$27M	trimmed−38%	−0.03 pp	31 q
GDRXGoodRx Holdings, Inc. Class A	0.07%	681,990	$28M	trimmed−56%	−0.20 pp	2 q
HEI.AHeico Corp Cl A	0.07%	237,234	$28M	trimmed−2%	0.00 pp	12 q
SNAPSnap Inc.	0.07%	596,947	$30M	added+1%	+0.02 pp	4 q
ZSZscaler, Inc.	0.07%	136,183	$27M	added+32%	+0.03 pp	12 q
unresolvedArco Platform Ltd Com	0.07%	839,848	$30M	added+33%	−0.01 pp	10 q
CERTCertara, Inc.	0.06%	741,094	$25M	new	+0.06 pp	new
CYRXCryoPort, Inc.	0.06%	524,691	$23M	added×2.4	+0.03 pp	3 q
RDYDr. Reddy's Laboratories Limited	0.06%	343,144	$24M	trimmed−24%	−0.04 pp	8 q
HGVHilton Grand Vacations Inc.	0.06%	788,039	$25M	added+25%	+0.02 pp	16 q
JAMFJamf Holding Corp.	0.06%	750,000	$22M	added×2.2	+0.02 pp	2 q
JLLJones Lang LaSalle, Inc.	0.06%	164,726	$24M	added×3.0	+0.04 pp	6 q
LILi Auto Inc.	0.06%	814,867	$23M	trimmed−61%	−0.05 pp	2 q
LOWLowe's Companies Inc.	0.06%	142,333	$23M	added+13%	0.00 pp	9 q
SPHRSphere Entertainment Co.	0.06%	225,000	$24M	held	—	3 q
PGNYProgyny, Inc.	0.06%	588,279	$25M	added+44%	+0.02 pp	5 q
PLDPrologis, Inc.	0.06%	258,490	$26M	added+19%	−0.01 pp	17 q
SIX1Six Flags Entertainment Corp.	0.06%	681,519	$23M	new	+0.06 pp	new
TWTradeweb Markets Inc. Class A	0.06%	368,493	$23M	trimmed−0%	−0.01 pp	7 q
VCYTVeracyte, Inc.	0.06%	519,190	$25M	held	—	7 q
IACAIon Acquisition Corp 1 Ltd-a	0.06%	1,964,104	$24M	new	+0.06 pp	new
ASMLASML Holding NV	0.06%	45,667	$22M	added+7%	+0.01 pp	30 q
OSWOneSpaWorld Holdings Limited	0.06%	2,307,500	$23M	held	—	8 q
AMHAmerican Homes 4 Rent	0.05%	722,580	$22M	added+1%	−0.01 pp	15 q
unresolvedAmerican Well Corp Class A	0.05%	821,424	$21M	trimmed−74%	−0.23 pp	2 q
ELSEquity Lifestyle Properties, Inc.	0.05%	317,910	$20M	added×2.0	+0.02 pp	12 q
EVBGEverbridge, Inc.	0.05%	135,000	$20M	added+26%	+0.01 pp	4 q
HLIOHelios Technologies, Inc.	0.05%	350,000	$19M	added+8%	+0.01 pp	7 q
INGNInogen Inc	0.05%	466,231	$21M	added+30%	+0.02 pp	6 q
INVHInvitation Homes Inc.	0.05%	678,955	$20M	added+24%	0.00 pp	16 q
PINGPing Identity Holding Corp	0.05%	672,131	$19M	added+42%	0.00 pp	6 q
QLYSQualys, Inc.	0.05%	150,000	$18M	trimmed−14%	0.00 pp	28 q
RAVNRaven Industries Inc	0.05%	595,000	$20M	added×2.4	+0.03 pp	12 q
RVNCRevance Therapeutics, Inc.	0.05%	741,732	$21M	added+28%	+0.01 pp	8 q
SPGIS&P Global Inc.	0.05%	57,905	$19M	added+19%	0.00 pp	12 q
VRNSVaronis Systems, Inc.	0.05%	122,000	$20M	trimmed−17%	0.00 pp	7 q
unresolvedNew Frontier Health Corp	0.05%	2,544,988	$22M	added0%	−0.01 pp	5 q
GLOBGlobant S.a.	0.05%	88,473	$19M	added+15%	+0.01 pp	19 q
GOOGLAlphabet Inc. Class A	0.04%	9,388	$16M	added×3.5	+0.03 pp	22 q
AZNNAstrazeneca Plc-spons ADR	0.04%	348,834	$17M	added+6%	−0.02 pp	11 q
DHID.R. Horton Inc.	0.04%	234,481	$16M	trimmed−32%	−0.04 pp	9 q
DLRDigital Realty Trust, Inc.	0.04%	120,380	$17M	added+5%	−0.01 pp	4 q
EAElectronic Arts Inc	0.04%	98,743	$14M	added+1%	0.00 pp	16 q
EBSEmergent Biosolutions, Inc.	0.04%	185,000	$17M	trimmed−12%	−0.03 pp	13 q
HEIHEICO Corporation	0.04%	125,993	$17M	held	—	11 q
HDHome Depot, Inc.	0.04%	64,466	$17M	trimmed−4%	−0.02 pp	29 q
HHCThe Howard Hughes Corporation	0.04%	221,117	$17M	new	+0.04 pp	new
LENLennar Corporation Class A	0.04%	209,413	$16M	trimmed−44%	−0.05 pp	9 q
LBRDALiberty Broadband Corporation Class A	0.04%	100,000	$16M	held	—	25 q
MGPMGM Growth Properties LLC Class A representing limited liability company interests	0.04%	577,372	$18M	added+15%	0.00 pp	19 q
ONTOnterris, Inc.	0.04%	550,000	$17M	held	—	2 q
NFLXNetFlix Inc	0.04%	26,207	$14M	added+1%	0.00 pp	30 q
NVDANvidia Corp	0.04%	34,167	$18M	added+2%	−0.02 pp	10 q
OKTAOkta, Inc. Class A	0.04%	65,133	$17M	added+12%	0.00 pp	15 q
QSQuantumScape Corporation Class A	0.04%	200,000	$16M	new	+0.04 pp	new
SWAVShockwave Medical, Inc.	0.04%	156,857	$16M	added+2%	0.00 pp	3 q
TMETencent Music Entertainment Group	0.04%	213,565	$15M	trimmed−91%	−0.06 pp	9 q
TOLToll Brothers, Inc.	0.04%	343,077	$15M	added+8%	−0.01 pp	3 q
VNETVNET Group, Inc.	0.04%	465,040	$16M	added+4%	+0.01 pp	2 q
VMCVulcan Materials Company(Holding Company)	0.04%	96,567	$14M	added+19%	+0.01 pp	8 q
VRMVroom, Inc.	0.04%	361,091	$15M	added+20%	−0.01 pp	3 q
unresolvedSarissa Capital Acquisitn Co	0.04%	1,505,619	$16M	new	+0.04 pp	new
KRNTKornit Digital Ltd.	0.04%	187,500	$17M	trimmed−21%	−0.01 pp	20 q
NVMINova Ltd.	0.04%	220,000	$16M	held	—	9 q
ACCDAccolade, Inc.	0.03%	258,963	$11M	held	—	2 q
AFIBAcutus Medical Inc	0.03%	465,000	$13M	added+60%	0.00 pp	2 q
BNTXBioNTech SE	0.03%	145,963	$12M	new	+0.03 pp	new
CERSCerus Corp	0.03%	2,029,967	$14M	added+33%	0.00 pp	25 q
unresolvedDD3 Acquisition Corp II	0.03%	1,033,069	$11M	new	+0.03 pp	new
unresolvedEargo Inc	0.03%	311,996	$14M	new	+0.03 pp	new
EWEdwards Lifesciences Corp	0.03%	144,047	$13M	added+52%	+0.01 pp	31 q
VMRKVivmark Residential	0.03%	231,891	$14M	added×172.4	+0.03 pp	16 q
FOXFFox Factory Holding Corp.	0.03%	100,000	$11M	new	+0.03 pp	new
HLTHilton Worldwide Holdings Inc.	0.03%	95,543	$11M	held	—	17 q
unresolvedHydrofarm Hldgs Group Inc	0.03%	246,960	$13M	new	+0.03 pp	new
MDLAMedallia Inc	0.03%	395,000	$13M	added+58%	+0.01 pp	6 q
POOLPool Corporation	0.03%	27,817	$10M	trimmed−15%	0.00 pp	5 q
unresolvedSoc Telemed Inc	0.03%	1,750,000	$14M	new	+0.03 pp	new
unresolvedSoc Telemed Inc	0.03%	1,500,000	$12M	new	+0.03 pp	new
SHWThe Sherwin-Williams Company	0.03%	15,845	$12M	trimmed−12%	−0.01 pp	17 q
TTWOTake-Two Interactive Software Inc	0.03%	66,120	$14M	added+1%	0.00 pp	15 q
TMHCTaylor Morrison Home Corporation	0.03%	490,894	$13M	trimmed−4%	−0.01 pp	3 q
BHVNBiohaven Ltd.	0.03%	158,675	$14M	added+3%	0.00 pp	5 q
ICHRIchor Holdings	0.03%	465,000	$14M	added+37%	+0.01 pp	17 q
AAgilent Technologies Inc.	0.02%	55,828	$7M	added+6%	0.00 pp	31 q
ALGNAlign Technology Inc	0.02%	15,535	$8M	trimmed−2%	0.00 pp	31 q
AXGNAxogen, Inc.	0.02%	505,084	$9M	held	—	14 q
CMRCCommerce.com, Inc. Series 1	0.02%	134,036	$9M	added+11%	−0.01 pp	2 q
KMXCarMax Inc.	0.02%	66,028	$6M	trimmed−6%	0.00 pp	31 q
ESEESCO Technologies, Inc.	0.02%	86,600	$9M	held	—	22 q
ESPREsperion Therapeutics Inc Ne	0.02%	373,500	$10M	added+12%	−0.02 pp	13 q
FBINFortune Brands Innovations, Inc.	0.02%	83,755	$7M	trimmed−25%	−0.01 pp	3 q
NARIInari Medical, Inc.	0.02%	105,951	$9M	added+15%	0.00 pp	3 q
LM05Liberty Media Corp-liberty-a	0.02%	185,000	$7M	held	—	19 q
unresolvedLongview Acquisition Corp	0.02%	450,000	$9M	new	+0.02 pp	new
SAILSailPoint, Inc.	0.02%	120,000	$6M	new	+0.02 pp	new
PRKSUnited Parks & Resorts Inc.	0.02%	304,402	$10M	added+30%	+0.01 pp	2 q
SEERSeer, Inc. Class A	0.02%	150,000	$8M	new	+0.02 pp	new
SIENSientra, Inc.	0.02%	1,815,363	$7M	held	—	20 q
SONYSony Group Corporation	0.02%	64,803	$7M	added+12%	+0.01 pp	18 q
XYZBlock, Inc.	0.02%	33,612	$7M	added+46%	+0.01 pp	3 q
REALThe RealReal, Inc.	0.02%	350,000	$7M	added+17%	+0.01 pp	7 q
VRAYQViewray Inc	0.02%	1,985,000	$8M	held	—	9 q
VITLVital Farms, Inc.	0.02%	300,000	$8M	trimmed−33%	−0.04 pp	2 q
ZMZoom Communications, Inc. Class A	0.02%	18,242	$6M	trimmed−2%	−0.01 pp	7 q
ABTAbbott Laboratories	0.01%	22,628	$2M	added+45%	0.00 pp	9 q
ABCLAbCellera Biologics Inc.	0.01%	99,621	$4M	new	+0.01 pp	new
ABNBAirbnb, Inc. Class A	0.01%	29,937	$4M	new	+0.01 pp	new
APLTApplied Therapeutics, Inc.	0.01%	127,000	$3M	trimmed−3%	0.00 pp	4 q
unresolvedAtlas Crest Investment Corp	0.01%	502,000	$5M	new	+0.01 pp	new
BLIBerkeley Lights, Inc.	0.01%	50,000	$4M	held	—	2 q
CLNSDigitalBridge Group, Inc.	0.01%	438,714	$2M	added×2.2	+0.01 pp	2 q
ENVEnvestnet, Inc.	0.01%	44,412	$4M	trimmed−1%	0.00 pp	29 q
FASTFastenal Co	0.01%	42,920	$2M	trimmed−41%	0.00 pp	31 q
GMABGenmab A/S	0.01%	145,274	$6M	new	+0.01 pp	new
HUMHumana Inc.	0.01%	8,950	$4M	added×2.8	+0.01 pp	10 q
LSFLaird Superfood, Inc.	0.01%	78,007	$4M	trimmed−50%	−0.01 pp	2 q
MANHManhattan Associates Inc	0.01%	52,014	$5M	trimmed−2%	−0.01 pp	26 q
RDFNRedfin Corporation	0.01%	34,640	$2M	trimmed−57%	0.00 pp	2 q
RHIRobert Half Inc.	0.01%	76,128	$5M	trimmed−25%	−0.01 pp	31 q
SUMSummit Materials, Inc. Class A	0.01%	250,000	$5M	trimmed−71%	−0.03 pp	24 q
TXMDTherapeuticsMD, Inc.	0.01%	3,831,500	$5M	held	—	28 q
TMOThermo Fisher Scientific, Inc.	0.01%	6,959	$3M	added+74%	0.00 pp	6 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	17,086	$6M	added×2.0	0.00 pp	12 q
IPOAVirgin Galactic Holdings Inc	0.01%	150,000	$4M	held	—	5 q
unresolvedAltimeter Growth Corp	0.01%	397,909	$5M	new	+0.01 pp	new
DGNR.UDragoneer Growth Opportuniti	0.01%	397,990	$6M	trimmed−1%	−0.01 pp	2 q
YACYucaipa Acquisition Corp	0.01%	590,500	$6M	held	—	2 q
TSEMTower Semiconductor Ltd	0.01%	189,748	$5M	trimmed−19%	0.00 pp	5 q
APIAgora, Inc.	0.00%	43,971	$2M	added×2.0	0.00 pp	3 q
AINAlbany International Corp Class A	0.00%	115	$8,000	held	—	11 q
ALECAlector, Inc.	0.00%	24,555	$372,000	trimmed−16%	0.00 pp	7 q
ALXAlexander's Inc.	0.00%	5,000	$1M	held	—	31 q
APAMArtisan Partners Asset Management Inc.	0.00%	3,819	$192,000	held	—	31 q
BRK.ABerkshire Hathaway Inc.	0.00%	1	$348,000	held	—	18 q
BLQADBlackrock Inc	0.00%	716	$517,000	added×2.2	0.00 pp	12 q
BXPBXP, Inc.	0.00%	4,790	$453,000	added×11.0	0.00 pp	2 q
BBIOBridgeBio Pharma, Inc.	0.00%	25,876	$2M	new	0.00 pp	new
CIThe Cigna Group	0.00%	4,100	$854,000	new	0.00 pp	new
CMECME Group Inc.	0.00%	1,949	$355,000	trimmed−97%	−0.03 pp	31 q
CHTRCharter Comm Inc Del CL A New	0.00%	574	$380,000	held	—	11 q
CYHCommunity Health Systems, Inc.	0.00%	100	$1,000	held	—	31 q
STZConstellation Brands, Inc.	0.00%	2,336	$512,000	added+70%	0.00 pp	11 q
CORCoresite Realty Corp	0.00%	11,320	$1M	added×18.7	0.00 pp	4 q
COSTCostco Wholesale Corp	0.00%	699	$263,000	added+10%	0.00 pp	12 q
CCICrown Castle Inc.	0.00%	8,040	$1M	added×9.6	0.00 pp	12 q
DHRDanaher Corporation	0.00%	3,511	$780,000	added+4%	0.00 pp	12 q
DRNADicerna Pharmaceuticals, Inc.	0.00%	37,962	$836,000	added×3.3	0.00 pp	5 q
unresolvedDuck Creek Technologies	0.00%	5,500	$238,000	trimmed−31%	0.00 pp	2 q
DREDuke Realty Corp.	0.00%	19,847	$793,000	added×8.3	0.00 pp	12 q
ECLEcolab, Inc.	0.00%	1,180	$255,000	added+61%	0.00 pp	3 q
STAYExtended Stay America, Inc. Paired Share	0.00%	53,196	$788,000	added×8.8	0.00 pp	3 q
GPNGlobal Payments, Inc.	0.00%	2,100	$452,000	added+17%	0.00 pp	4 q
GSGoldman Sachs Group Inc.	0.00%	800	$211,000	held	—	18 q
JKHYHenry (Jack) & Associates	0.00%	3,200	$518,000	added+83%	0.00 pp	4 q
HSTHost Hotels & Resorts, Inc.	0.00%	16,406	$240,000	added×2.5	0.00 pp	3 q
PODDInsulet Corporation	0.00%	2,715	$694,000	added+61%	0.00 pp	10 q
INTUIntuit Inc	0.00%	4,836	$2M	added×2.7	0.00 pp	4 q
NVTAInvitae Corporation	0.00%	1,403	$59,000	held	—	2 q
IQVIQVIA Holdings Inc.	0.00%	6,285	$1M	added+5%	0.00 pp	7 q
KWKennedy-wilson Holdings, Inc.	0.00%	54,350	$972,000	new	0.00 pp	new
ELThe Estee Lauder Companies Inc. Class A	0.00%	681	$181,000	held	—	12 q
MASIMasimo Corporation	0.00%	900	$242,000	held	—	6 q
MRNAModerna, Inc.	0.00%	3,800	$397,000	new	0.00 pp	new
MCOMoody's Corporation	0.00%	5,694	$2M	added+38%	0.00 pp	11 q
NCNOnCino, Inc.	0.00%	9,656	$699,000	added+12%	0.00 pp	2 q
NOVTNovanta Inc.	0.00%	10,431	$1M	held	—	15 q
PKPark Hotels & Resorts Inc.	0.00%	16,956	$291,000	new	0.00 pp	new
PCTYPaylocity Holding Corporation	0.00%	1,715	$353,000	held	—	5 q
PEBPebblebrook Hotel Trust	0.00%	66,480	$1M	added×8.6	0.00 pp	3 q
PTONPeloton Interactive, Inc. Class A	0.00%	1,708	$259,000	new	0.00 pp	new
PGProcter & Gamble Company	0.00%	1,796	$250,000	held	—	18 q
QCOMQualcomm Inc	0.00%	4,000	$609,000	held	—	18 q
RKTRocket Companies, Inc.	0.00%	5,000	$101,000	held	—	2 q
SNYSanofi	0.00%	37,394	$2M	added+36%	0.00 pp	4 q
SPGSimon Property Group, Inc.	0.00%	13,237	$1M	new	0.00 pp	new
SJMThe J.M. Smucker Company	0.00%	251	$29,000	held	—	18 q
S76Store Capital Corp	0.00%	26,920	$915,000	added×6.4	0.00 pp	5 q
SUISun Communities, Inc	0.00%	7,576	$1M	added×6.5	0.00 pp	10 q
TRNOTerreno Realty Corporation	0.00%	8,043	$471,000	added×7.3	0.00 pp	4 q
TXNTexas Instruments Incorporated	0.00%	1,677	$275,000	held	—	12 q
TIFTiffany & Co.	0.00%	3,000	$394,000	held	—	31 q
TRTrillium Therapeutics Inc	0.00%	25,671	$378,000	added×4.0	0.00 pp	3 q
VNOVornado Realty Trust	0.00%	15,517	$579,000	new	0.00 pp	new
WINGWingstop Inc	0.00%	10,000	$1M	held	—	23 q
ZTSZoetis Inc.	0.00%	6,078	$1M	added×2.5	0.00 pp	5 q
ACNAccenture PLC	0.00%	5,324	$1M	added+29%	0.00 pp	12 q
BPY-UCADBrookfield Property Partners	0.00%	6,674	$288,000	added+49%	0.00 pp	2 q
BIPBrookfield Infrastructure Partners L.P.	0.00%	30,547	$2M	added×8.2	0.00 pp	8 q
MRKTIhs Markit Ltd	0.00%	14,516	$1M	added+31%	0.00 pp	9 q
0VQJLTe Connectivity Ltd	0.00%	1,958	$237,000	held	—	12 q
TDOCTeladoc Health, Inc.	—	−375,000	—	exited	−0.25 pp	—
BWXTBWX Technologies, Inc.	—	−598,627	—	exited	−0.10 pp	—
unresolvedFintech Acquisition Corp III	—	−2,512,000	—	exited	−0.08 pp	—
NBIXNeurocrine Biosciences Inc	—	−263,679	—	exited	−0.08 pp	—
LXLexinFintech Holdings Ltd.	—	−2,852,457	—	exited	−0.06 pp	—
KWRQuaker Houghton	—	−100,000	—	exited	−0.06 pp	—
FREEWhole Earth Brands, Inc. Class A	—	−2,000,000	—	exited	−0.05 pp	—
CRMSalesforce, Inc.	—	−47,395	—	exited	−0.04 pp	—
AVLRAvalara, Inc.	—	−44,500	—	exited	−0.02 pp	—
CMDCantel Medical Corporation	—	−175,000	—	exited	−0.02 pp	—
TCMDTactile Systems Technology, Inc.	—	−207,000	—	exited	−0.02 pp	—
unresolvedAccelerate Diagnostics	—	−164,900	—	exited	−0.01 pp	—
GLIBAGci Liberty Inc - Class A	—	−46,911	—	exited	−0.01 pp	—
unresolvedProptech Acquisition Corp	—	−438,535	—	exited	−0.01 pp	—
YEXTYext, Inc.	—	−150,000	—	exited	−0.01 pp	—
FORForestar Group Inc.	—	−31,500	—	exited	0.00 pp	—
BEKEKE Holdings Inc.	—	−2,574	—	exited	0.00 pp	—
QTSQts Realty Trust, Inc.	—	−1,802	—	exited	0.00 pp	—
WW6Willis Towers Watson Public Limited Company	—	−5,617	—	exited	0.00 pp	—