Baron Capital

Q2 2021 13F · by Ron Baron, CEO

As of: Jun 30, 2021
Filed: Aug 13, 2021
US stock: $43.7B · prev $40.6B
Positions: 401 · prev 394
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%

Moves364 since the prior filing

+5.2 pp in · −5.2 pp out

New 42 +2.57 pp
Added 162 +2.65 pp
Trimmed 125 −3.94 pp
Exited 35 −1.24 pp

The book

Diversified · behaves like 51 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 19% a year, about 5.3 years per position

Low
Moderate
High

Top 5 positions23% of US stock

TSLA Tesla, Inc. trimmed−0.57 pp trimmed−0.579.6%
IDXX Idexx Laboratories Inc trimmed+0.39 pp trimmed+0.393.9%
CSGP CoStar Group Inc trimmed−0.37 pp trimmed−0.373.6%
MTN Vail Resorts, Inc. trimmed0.00 pp trimmed0.003.2%
IT Gartner, Inc. trimmed+0.52 pp trimmed+0.523.1%

Positions401 in this filing · 35 exited


TSLATesla, Inc.	9.56%	6,140,625	$4.2B	trimmed−0%	−0.57 pp	30 q
IDXXIdexx Laboratories Inc	3.90%	2,696,326	$1.7B	trimmed−7%	+0.39 pp	33 q
CSGPCoStar Group Inc	3.56%	18,793,260	$1.6B	trimmed−3%	−0.37 pp	33 q
MTNVail Resorts, Inc.	3.23%	4,462,862	$1.4B	trimmed−1%	0.00 pp	33 q
ITGartner, Inc.	3.07%	5,532,763	$1.3B	trimmed−2%	+0.52 pp	33 q
MSCIMSCI, Inc.	2.68%	2,195,238	$1.2B	trimmed−2%	+0.37 pp	33 q
FDSFactset Research Systems	2.06%	2,682,272	$900M	trimmed−0%	+0.02 pp	33 q
ACGLArch Capital Group Ltd	1.91%	21,389,442	$833M	trimmed−0%	−0.12 pp	33 q
PENNPENN Entertainment, Inc.	1.83%	10,463,545	$800M	trimmed−7%	−1.09 pp	33 q
AKXAnsys Inc	1.70%	2,138,061	$742M	trimmed−4%	−0.16 pp	33 q
TECHBio-Techne Corp.	1.54%	1,498,001	$674M	added0%	+0.13 pp	27 q
GWREGuidewire Software, Inc.	1.47%	5,714,176	$644M	added0%	+0.04 pp	33 q
CHHChoice Hotels Intnl.	1.26%	4,638,470	$551M	trimmed−0%	+0.03 pp	33 q
BABAAlibaba Group Holding Limited	1.21%	2,327,294	$528M	added+1%	−0.08 pp	28 q
MTDMettler-Toledo International	1.21%	380,869	$528M	trimmed−5%	+0.07 pp	33 q
SCHWThe Charles Schwab Corporation	1.12%	6,722,182	$489M	trimmed−0%	+0.04 pp	33 q
IRDMIridium Communications Inc.	1.08%	11,748,119	$470M	trimmed−7%	−0.20 pp	29 q
WSTWest Pharmaceutical Services, Inc.	1.04%	1,264,323	$454M	trimmed−0%	+0.16 pp	33 q
VACMarriott Vacations Worldwide Corporation	0.99%	2,712,836	$432M	added+5%	−0.12 pp	33 q
WIXWIX.com Ltd.	0.97%	1,453,662	$422M	trimmed−13%	−0.18 pp	19 q
GLPIGaming and Leisure Properties, Inc.	0.94%	8,833,443	$409M	trimmed−0%	+0.02 pp	31 q
BFAMBright Horizons Family Solutions Inc.	0.87%	2,577,472	$379M	trimmed−4%	−0.27 pp	33 q
TREXTrex Company, Inc.	0.87%	3,733,334	$382M	trimmed−11%	−0.07 pp	30 q
ZGZillow Group Inc Class A	0.86%	3,050,635	$374M	trimmed0%	−0.13 pp	26 q
GDSGDS Holdings Limited	0.84%	4,684,962	$368M	trimmed−4%	−0.14 pp	14 q
HHyatt Hotels Corporation	0.83%	4,687,530	$364M	trimmed−2%	−0.14 pp	33 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.82%	2,984,005	$359M	added+2%	−0.04 pp	33 q
RNGRingcentral, Inc.	0.80%	1,197,548	$348M	added+61%	+0.25 pp	12 q
KNSLKinsale Capital Group, Inc.	0.78%	2,067,706	$341M	added+5%	−0.02 pp	19 q
PRIPrimerica, Inc.	0.74%	2,107,977	$323M	trimmed−1%	−0.03 pp	33 q
RRRRed Rock Resorts, Inc. Class A	0.74%	7,647,795	$325M	added+5%	+0.15 pp	21 q
MORNMorningstar, Inc.	0.72%	1,215,209	$312M	trimmed−6%	0.00 pp	33 q
ZLABZai Lab Limited	0.71%	1,757,659	$311M	trimmed−4%	+0.11 pp	14 q
GOOGAlphabet Inc. Class C	0.70%	121,580	$305M	trimmed−5%	+0.04 pp	29 q
AMZNAmazon.Com Inc	0.70%	88,810	$306M	added0%	+0.03 pp	33 q
DAYDayforce, Inc.	0.67%	3,040,119	$292M	added+1%	+0.05 pp	13 q
SSNCSS&C Technologies Inc	0.64%	3,867,338	$279M	trimmed−10%	−0.10 pp	33 q
DAVAEndava plc	0.63%	2,409,858	$273M	trimmed−1%	+0.12 pp	12 q
VEEVVeeva Systems Inc.	0.59%	826,253	$257M	trimmed−2%	+0.04 pp	17 q
ILMNIllumina Inc	0.58%	533,474	$252M	trimmed−5%	+0.05 pp	33 q
SBACSBA Communications Corp	0.57%	787,667	$251M	trimmed−8%	−0.02 pp	19 q
ZZillow Group, Inc. Class C	0.57%	2,048,088	$250M	added+1%	−0.08 pp	24 q
AREAlexandria Real Estate Equities, Inc.	0.55%	1,312,660	$239M	added+3%	+0.03 pp	33 q
DEIDouglas Emmett, Inc.	0.55%	7,129,126	$240M	added+2%	+0.01 pp	33 q
CNSCohen & Steers Inc.	0.52%	2,752,634	$226M	added+15%	+0.14 pp	33 q
GTMZoomInfo Technologies Inc	0.51%	4,250,963	$222M	added+2%	+0.01 pp	5 q
IBPInstalled Building Products, Inc.	0.49%	1,765,496	$216M	trimmed−11%	−0.05 pp	15 q
EPAMEpam Systems, Inc.	0.47%	405,896	$207M	trimmed−1%	+0.07 pp	23 q
VRSKVerisk Analytics, Inc.	0.47%	1,176,246	$206M	trimmed−3%	−0.06 pp	33 q
SHOPShopify Inc. Class A subordinate voting shares	0.45%	133,502	$195M	added+8%	+0.11 pp	7 q
MANUManchester United PLC	0.45%	12,825,450	$195M	trimmed−1%	−0.05 pp	33 q
VRTVertiv Holdings Co Class A	0.44%	7,000,000	$191M	held	—	6 q
SITESiteOne Landscape Supply, Inc.	0.42%	1,091,252	$185M	added0%	−0.04 pp	21 q
PEGAPegasystems Inc	0.41%	1,301,685	$181M	trimmed−0%	+0.04 pp	33 q
TRUTransUnion	0.41%	1,647,072	$181M	added0%	+0.04 pp	17 q
TRIPTripAdvisor, Inc.	0.41%	4,478,413	$180M	trimmed−10%	−0.25 pp	2 q
CLVTClarivate Plc	0.41%	6,508,842	$179M	added+1%	−0.01 pp	9 q
FNDFloor & Decor Holdings, Inc.	0.40%	1,642,432	$174M	trimmed−7%	−0.02 pp	17 q
AZPNAspen Technology Inc	0.39%	1,245,039	$171M	trimmed−0%	−0.05 pp	24 q
DXCMDexCom, Inc.	0.39%	396,226	$169M	trimmed−5%	+0.02 pp	33 q
TTDThe Trade Desk, Inc.	0.39%	2,208,067	$171M	trimmed−2%	+0.03 pp	19 q
ARGXargenx SE	0.38%	548,211	$165M	added+11%	+0.04 pp	15 q
METAMeta Platforms, Inc. Class A	0.38%	481,712	$167M	trimmed−23%	−0.08 pp	33 q
XLRNAcceleron Pharma Inc.	0.37%	1,302,275	$163M	added+14%	−0.01 pp	17 q
STNEStoneCo Ltd. Class A	0.37%	2,424,345	$163M	added+39%	+0.11 pp	11 q
EFOREverforth, Inc.	0.36%	1,604,458	$156M	trimmed−3%	−0.03 pp	12 q
COLDAmericold Realty Trust, Inc.	0.35%	4,013,853	$152M	added+2%	−0.02 pp	14 q
EQIXEquinix, Inc.	0.35%	192,379	$154M	trimmed−7%	0.00 pp	26 q
SDGRSchrodinger, Inc.	0.35%	2,023,546	$153M	trimmed−6%	−0.05 pp	6 q
VRSNVeriSign Inc	0.35%	664,847	$151M	trimmed−0%	+0.02 pp	33 q
MKTXMarketAxess Holdings Inc.	0.33%	309,210	$143M	added0%	−0.05 pp	24 q
MSFTMicrosoft Corp	0.33%	530,445	$144M	trimmed−13%	−0.03 pp	15 q
GHGuardant Health, Inc.	0.32%	1,139,779	$142M	added0%	−0.11 pp	11 q
ROPRoper Technologies, Inc.	0.32%	293,912	$138M	trimmed−0%	+0.03 pp	33 q
ICLRIcon Plc	0.32%	670,678	$139M	added+2%	0.00 pp	33 q
MRCYMercury Systems Inc.	0.31%	2,027,680	$134M	added+11%	−0.01 pp	26 q
SPOTSpotify Technology S.A.	0.30%	481,773	$133M	added+58%	+0.10 pp	13 q
SFIXStitch Fix, Inc. Class A	0.29%	2,064,603	$124M	added+24%	+0.09 pp	3 q
unresolvedBrookfield Asset Mgmt Inc	0.27%	2,271,876	$116M	added+18%	+0.06 pp	33 q
KTOSKratos Defense & Security Solutions, Inc.	0.27%	4,095,339	$117M	added+3%	0.00 pp	6 q
TWLOTwilio Inc.	0.27%	297,214	$117M	trimmed−8%	0.00 pp	9 q
ALTRAltair Engineering Inc. Class A	0.26%	1,635,056	$113M	trimmed−3%	0.00 pp	15 q
CGThe Carlyle Group Inc.	0.26%	2,457,796	$114M	new	+0.26 pp	new
ITUBItau Unibanco Holding S.A.	0.26%	19,066,690	$115M	added+36%	+0.09 pp	3 q
MELIMercado Libre, Inc	0.26%	73,692	$115M	added+1%	−0.01 pp	12 q
TXG10x Genomics, Inc. Class A	0.26%	587,049	$115M	trimmed−1%	−0.01 pp	8 q
LBRDKLiberty Broadband Corporation Class C	0.25%	637,737	$111M	trimmed−11%	−0.02 pp	27 q
XPXP Inc. Class A	0.25%	2,535,727	$110M	added+7%	+0.03 pp	7 q
AXNXAxonics, Inc.	0.24%	1,637,982	$104M	added+9%	+0.02 pp	6 q
CRWDCrowdStrike Holdings, Inc. Class A	0.24%	424,152	$107M	added0%	+0.05 pp	9 q
HLIHoulihan Lokey, Inc.	0.24%	1,302,376	$107M	added0%	+0.03 pp	15 q
ZYZymergen Inc.	0.24%	2,666,218	$107M	new	+0.24 pp	new
BWINThe Baldwin Insurance Group, Inc. Class A	0.23%	3,768,007	$100M	held	—	7 q
CBRECbre Group, Inc.	0.23%	1,160,006	$99M	added+26%	+0.05 pp	33 q
CGNXCognex Corp	0.23%	1,200,000	$101M	held	—	33 q
DNLIDenali Therapeutics Inc.	0.23%	1,255,224	$98M	added+4%	+0.06 pp	15 q
FISFidelity National Information Services, Inc.	0.23%	721,315	$102M	trimmed−5%	−0.03 pp	8 q
BYDBoyd Gaming Corporation	0.22%	1,541,447	$95M	added+8%	+0.01 pp	18 q
unresolvedCooper Cos Inc/The	0.22%	240,552	$95M	trimmed−0%	−0.01 pp	30 q
DTDynatrace, Inc.	0.22%	1,615,257	$94M	trimmed−0%	+0.03 pp	8 q
unresolvedSofi Technologies Inc	0.22%	5,000,000	$96M	new	+0.22 pp	new
AFYAAfya Limited Class A	0.22%	3,698,540	$95M	added+4%	+0.06 pp	8 q
PRAHPRA Health Sciences, Inc.	0.21%	550,554	$91M	trimmed−0%	0.00 pp	27 q
AVNTAvient Corporation	0.20%	1,809,631	$89M	held	—	7 q
TFXTeleflex Incorporated	0.20%	221,017	$89M	added0%	−0.03 pp	21 q
FVRRFiverr International Ltd.	0.20%	351,482	$85M	held	—	9 q
ARWRArrowhead Research Corporation	0.19%	1,013,173	$84M	added+10%	+0.04 pp	11 q
AVLRAvalara, Inc.	0.19%	508,982	$82M	added×2.8	+0.13 pp	2 q
IEXIDEX Corporation	0.19%	386,618	$85M	trimmed−1%	−0.01 pp	28 q
PINSPinterest, Inc. Class A	0.19%	1,069,417	$84M	trimmed−2%	−0.01 pp	4 q
RPAYRepay Holdings Corporation Class A	0.19%	3,517,000	$85M	trimmed−12%	−0.04 pp	7 q
TDGTransDigm Group Incorporated	0.19%	125,000	$81M	held	—	33 q
UTZUtz Brands, Inc.	0.19%	3,750,000	$82M	trimmed−23%	−0.11 pp	5 q
AIYActivision Blizzard Inc	0.18%	825,321	$79M	added0%	−0.01 pp	14 q
CDWCDW Corporation	0.18%	447,325	$78M	trimmed−0%	0.00 pp	17 q
HQYHealthEquity, Inc	0.18%	1,001,371	$81M	added+1%	+0.01 pp	28 q
NEOGNeogen Corp	0.18%	1,715,398	$79M	trimmed−0%	−0.01 pp	33 q
OZONOzon Holdings PLC	0.18%	1,352,956	$79M	added+72%	+0.07 pp	3 q
SILKSilk Road Medical, Inc.	0.18%	1,664,870	$80M	added0%	−0.03 pp	9 q
AZEKThe AZEK Company Inc.	0.17%	1,721,665	$73M	added+43%	+0.05 pp	5 q
BNTXBioNTech SE	0.17%	323,777	$72M	added+28%	+0.10 pp	3 q
FICOFair Isaac Corporation	0.17%	146,054	$73M	added0%	0.00 pp	7 q
FTCHQFarfetch Limited A	0.17%	1,474,841	$74M	added0%	−0.02 pp	3 q
INSPInspire Medical Systems, Inc.	0.17%	382,035	$74M	added+2%	−0.02 pp	10 q
WEXWEX Inc.	0.17%	375,000	$73M	held	—	33 q
APHAmphenol Corporation	0.16%	1,018,675	$70M	trimmed−0%	−0.01 pp	9 q
JBTMJBT Marel Corporation	0.16%	500,000	$71M	held	—	18 q
OLLIOllie's Bargain Outlet Holdings, Inc.	0.16%	827,250	$70M	added+6%	−0.01 pp	16 q
WCNWaste Connections, Inc.	0.16%	600,000	$72M	trimmed−20%	−0.04 pp	20 q
CDNACareDx, Inc.	0.15%	727,229	$67M	trimmed−1%	+0.03 pp	13 q
CAKECheesecake Factory (The)	0.15%	1,200,000	$65M	held	—	33 q
NVDANvidia Corp	0.15%	79,471	$64M	added+15%	+0.06 pp	12 q
unresolvedOpendoor Technologies Inc	0.15%	3,704,603	$66M	new	+0.15 pp	new
SNOWSnowflake Inc.	0.15%	265,377	$64M	trimmed−5%	−0.01 pp	4 q
VVISA Inc.	0.15%	279,893	$65M	added+1%	0.00 pp	33 q
YUMCYum China Holdings, Inc.	0.15%	984,423	$65M	added+5%	+0.01 pp	4 q
GLNGGolar LNG Ltd	0.15%	4,836,155	$64M	trimmed−0%	+0.03 pp	33 q
NBISNebius Group N.V. Class A	0.15%	916,994	$65M	added+1%	+0.01 pp	22 q
FWONKLiberty Media Corporation Series C Liberty Formula One	0.14%	1,250,000	$60M	held	—	21 q
MAMastercard Incorporated	0.14%	168,144	$61M	trimmed−1%	−0.01 pp	33 q
MCMoelis & Company	0.14%	1,099,924	$63M	trimmed−0%	−0.01 pp	29 q
PYPLPayPal Holdings, Inc.	0.14%	217,142	$63M	added+2%	+0.01 pp	10 q
PLNTPlanet Fitness, Inc.	0.14%	800,000	$60M	held	—	14 q
ROLRollins, Inc.	0.14%	1,851,230	$63M	trimmed−0%	−0.02 pp	20 q
DLODLocal Limited Class A	0.14%	1,127,249	$59M	new	+0.14 pp	new
ADBEAdobe Inc.	0.13%	97,351	$57M	added+2%	+0.02 pp	15 q
AMTAmerican Tower Corporation	0.13%	216,406	$58M	added+16%	+0.02 pp	33 q
DRVNDriven Brands Holdings Inc.	0.13%	1,850,000	$57M	added+9%	+0.02 pp	2 q
unresolvedFifth Wall Acquisition Corp	0.13%	4,568,174	$56M	added+81%	+0.07 pp	2 q
JBI/WSJanus Parent Inc -CW26	0.13%	4,000,000	$55M	new	+0.13 pp	new
NOWServicenow, Inc.	0.13%	105,301	$58M	added+21%	+0.02 pp	24 q
FOURShift4 Payments, Inc.	0.13%	612,170	$57M	held	—	5 q
BERYBerry Global Group, Inc.	0.12%	800,000	$52M	held	—	33 q
DKNGDraftKings Inc. Class A	0.12%	980,900	$51M	held	—	5 q
FIGSFIGS, Inc.	0.12%	1,080,997	$54M	new	+0.12 pp	new
ISRGIntuitive Surgical Inc.	0.12%	58,173	$53M	added+4%	+0.02 pp	19 q
JLLJones Lang LaSalle, Inc.	0.12%	263,049	$51M	added+41%	+0.04 pp	8 q
LOWLowe's Companies Inc.	0.12%	279,643	$54M	added+31%	+0.02 pp	11 q
PARPAR Technology Corp.	0.12%	754,959	$53M	added+23%	+0.02 pp	12 q
TROWT Rowe Price Group Inc	0.12%	271,306	$54M	trimmed−5%	0.00 pp	33 q
SHLSShoals Technologies Group, Inc. Class A	0.12%	1,422,521	$50M	added+4%	0.00 pp	2 q
AEISAdvanced Energy Industries Inc	0.11%	410,000	$46M	added+28%	+0.02 pp	7 q
FRCBFirst Republic Bk CA	0.11%	250,291	$47M	trimmed−30%	−0.04 pp	33 q
INGNInogen Inc	0.11%	707,985	$46M	held	—	8 q
JBGSJBG SMITH Properties	0.11%	1,585,800	$50M	new	+0.11 pp	new
SPGSimon Property Group, Inc.	0.11%	383,740	$50M	added+63%	+0.04 pp	3 q
VNOVornado Realty Trust	0.11%	1,023,247	$48M	added×2.4	+0.06 pp	3 q
BBIOBridgeBio Pharma, Inc.	0.10%	692,160	$42M	trimmed−32%	−0.05 pp	3 q
NETCloudflare, Inc. Class A, par value $0.001 per share	0.10%	408,841	$43M	held	—	8 q
HGVHilton Grand Vacations Inc.	0.10%	1,082,236	$45M	added+10%	+0.01 pp	18 q
unresolvedHydrofarm Hldgs Group Inc	0.10%	750,000	$44M	added×4.3	+0.07 pp	3 q
LVSLas Vegas Sands Corp.	0.10%	809,335	$43M	trimmed−33%	−0.08 pp	7 q
REXRRexford Industrial Realty, Inc.	0.10%	732,509	$42M	trimmed−24%	−0.02 pp	27 q
SKINSkinHealth Systems Inc. Class A	0.10%	2,539,917	$43M	new	+0.10 pp	new
ACVAACV Auctions Inc.	0.09%	1,560,086	$40M	added+12%	−0.03 pp	2 q
DVDoubleVerify Holdings, Inc.	0.09%	878,897	$37M	new	+0.09 pp	new
GDYNGrid Dynamics Holdings, Inc. Class A	0.09%	2,532,000	$38M	added0%	−0.01 pp	6 q
HHCThe Howard Hughes Corporation	0.09%	391,960	$38M	added+55%	+0.03 pp	3 q
INVHInvitation Homes Inc.	0.09%	1,072,465	$40M	added+67%	+0.04 pp	18 q
MSGSMadison Square Garden Sports Corp.	0.09%	225,000	$39M	held	—	23 q
PAYAPaya Holdings Inc. Class A	0.09%	3,525,000	$39M	held	—	3 q
PGNYProgyny, Inc.	0.09%	688,279	$41M	held	—	7 q
VMCVulcan Materials Company(Holding Company)	0.09%	231,256	$40M	added×2.1	+0.04 pp	10 q
BAPCredicorp LTD	0.09%	332,129	$40M	new	+0.09 pp	new
unresolvedDiversey Hldgs Ltd	0.09%	2,111,878	$38M	added+1%	+0.01 pp	2 q
WTWWillis Towers Watson Public Limited Company	0.09%	171,312	$39M	trimmed−36%	−0.06 pp	22 q
ACMRACM Research, Inc. Class A	0.08%	321,913	$33M	added+24%	+0.03 pp	2 q
AATAmerican Assets Trust, Inc.	0.08%	989,081	$37M	trimmed−23%	−0.02 pp	33 q
BVBrightView Holdings, Inc.	0.08%	2,074,775	$33M	added+1%	−0.01 pp	11 q
CYRXCryoPort, Inc.	0.08%	524,691	$33M	held	—	5 q
DDOGDatadog, Inc. Class A	0.08%	322,224	$34M	added+11%	+0.02 pp	8 q
ETWOWE2OPEN Parent Ho -CW25	0.08%	3,000,000	$33M	new	+0.08 pp	new
FAFirst Advantage Corporation	0.08%	1,750,000	$35M	new	+0.08 pp	new
HUBSHubspot, Inc.	0.08%	61,053	$36M	added0%	+0.01 pp	2 q
SWIMLatham Group, Inc.	0.08%	1,090,000	$35M	new	+0.08 pp	new
unresolvedLufax Holding Ltd	0.08%	3,243,255	$37M	trimmed−37%	−0.11 pp	3 q
PINGPing Identity Holding Corp	0.08%	1,527,131	$35M	added+77%	+0.03 pp	8 q
PLDPrologis, Inc.	0.08%	302,155	$36M	added+4%	0.00 pp	19 q
RVNCRevance Therapeutics, Inc.	0.08%	1,133,932	$34M	added+4%	0.00 pp	10 q
SIX1Six Flags Entertainment Corp.	0.08%	840,140	$36M	added+24%	0.00 pp	3 q
XYZBlock, Inc.	0.08%	137,406	$34M	added+93%	+0.04 pp	5 q
unresolvedTpi Composites Inc	0.08%	702,000	$34M	held	—	19 q
TNLTravel + Leisure Co.	0.08%	610,846	$36M	added+26%	+0.01 pp	2 q
VRNSVaronis Systems, Inc.	0.08%	621,000	$36M	added+70%	+0.03 pp	9 q
VCYTVeracyte, Inc.	0.08%	834,090	$33M	added+61%	+0.01 pp	9 q
WYNNWynn Resorts Ltd	0.08%	271,284	$33M	trimmed−42%	−0.07 pp	7 q
ESNTEssent Group LTD	0.08%	729,676	$33M	trimmed−1%	−0.01 pp	20 q
GOOGLAlphabet Inc. Class A	0.07%	12,686	$31M	trimmed−0%	+0.01 pp	24 q
AMHAmerican Homes 4 Rent	0.07%	742,520	$29M	added+3%	+0.01 pp	17 q
BILLBILL Holdings, Inc.	0.07%	159,687	$29M	trimmed−13%	0.00 pp	7 q
CPNGCoupang, Inc.	0.07%	707,648	$30M	trimmed−0%	−0.02 pp	2 q
ELSEquity Lifestyle Properties, Inc.	0.07%	395,619	$29M	added+22%	+0.02 pp	14 q
ETWOE2open Parent Holdings, Inc.	0.07%	2,500,000	$29M	held	—	2 q
EVBGEverbridge, Inc.	0.07%	215,500	$29M	added+23%	+0.02 pp	6 q
HEI.AHeico Corp Cl A	0.07%	237,309	$29M	added0%	0.00 pp	14 q
LSXMKLiberty Media Cor-siriusxm C	0.07%	625,000	$29M	trimmed−17%	−0.01 pp	12 q
ONTOnterris, Inc.	0.07%	599,642	$32M	added+4%	0.00 pp	4 q
SAILSailPoint, Inc.	0.07%	640,000	$33M	added+49%	+0.02 pp	3 q
SWAVShockwave Medical, Inc.	0.07%	152,759	$29M	trimmed−4%	+0.02 pp	5 q
SNAPSnap Inc.	0.07%	452,933	$31M	trimmed−3%	+0.01 pp	6 q
TWTradeweb Markets Inc. Class A	0.07%	370,486	$31M	added+1%	0.00 pp	9 q
ZSZscaler, Inc.	0.07%	136,183	$29M	held	—	14 q
ICHRIchor Holdings	0.07%	585,800	$32M	added+9%	0.00 pp	19 q
unresolvedNew Frontier Health Corp	0.07%	2,560,328	$29M	trimmed−1%	0.00 pp	7 q
KRNTKornit Digital Ltd.	0.07%	253,105	$31M	added+35%	+0.02 pp	22 q
ASMLASML Holding NV	0.07%	45,112	$31M	trimmed−0%	0.00 pp	32 q
ALGMAllegro MicroSystems, Inc.	0.06%	875,000	$24M	held	—	3 q
ARRYArray Technologies, Inc.	0.06%	1,750,000	$27M	trimmed−38%	−0.15 pp	3 q
CORCoresite Realty Corp	0.06%	203,246	$27M	added×34.8	+0.06 pp	6 q
RDYDr. Reddy's Laboratories Limited	0.06%	385,866	$28M	added0%	0.00 pp	10 q
LFUSLittelfuse Inc	0.06%	98,628	$25M	trimmed−35%	−0.04 pp	22 q
MGPMGM Growth Properties LLC Class A representing limited liability company interests	0.06%	698,552	$26M	added+19%	+0.01 pp	21 q
PDDPDD Holdings Inc.	0.06%	210,109	$27M	held	—	12 q
RAVNRaven Industries Inc	0.06%	450,000	$26M	trimmed−22%	+0.01 pp	14 q
RBCRBC Bearings Incorporated	0.06%	140,000	$28M	held	—	27 q
VRAYQViewray Inc	0.06%	3,800,000	$25M	added+19%	+0.03 pp	11 q
unresolvedArco Platform Ltd Com	0.06%	846,886	$26M	held	—	12 q
NVMINova Ltd.	0.06%	255,000	$26M	held	—	11 q
ALKTAlkami Technology, Inc.	0.05%	652,664	$23M	new	+0.05 pp	new
CERTCertara, Inc.	0.05%	748,583	$21M	held	—	3 q
EWEdwards Lifesciences Corp	0.05%	195,564	$20M	added+5%	+0.01 pp	33 q
FBINFortune Brands Innovations, Inc.	0.05%	231,821	$23M	trimmed−3%	−0.01 pp	5 q
HLIOHelios Technologies, Inc.	0.05%	300,000	$23M	held	—	9 q
HDHome Depot, Inc.	0.05%	63,144	$20M	added+6%	+0.01 pp	31 q
JAMFJamf Holding Corp.	0.05%	682,429	$23M	held	—	4 q
unresolvedLandcadia Holdings III Inc	0.05%	1,903,162	$24M	new	+0.05 pp	new
LENLennar Corporation Class A	0.05%	200,511	$20M	trimmed−11%	−0.01 pp	11 q
MLCOMelco Resorts & Entertainment Limited	0.05%	1,275,812	$21M	new	+0.05 pp	new
SPGIS&P Global Inc.	0.05%	55,146	$23M	added0%	0.00 pp	14 q
unresolvedTaboola.com Ltd	0.05%	2,000,000	$20M	new	+0.05 pp	new
ACCDAccolade, Inc.	0.04%	323,963	$18M	held	—	4 q
AFIBAcutus Medical Inc	0.04%	935,000	$16M	added+52%	+0.02 pp	4 q
ADPTAdaptive Biotechnologies Corporation	0.04%	472,825	$19M	trimmed−8%	−0.01 pp	9 q
BFLYButterfly Network, Inc.	0.04%	1,075,000	$16M	trimmed−7%	−0.01 pp	2 q
CERSCerus Corp	0.04%	2,629,967	$16M	added+30%	+0.01 pp	27 q
CLNSDigitalBridge Group, Inc.	0.04%	2,096,284	$17M	added+10%	+0.01 pp	4 q
EAElectronic Arts Inc	0.04%	124,972	$18M	added+1%	0.00 pp	18 q
0C3Endeavor Group Hold-class A	0.04%	650,000	$18M	new	+0.04 pp	new
VMRKVivmark Residential	0.04%	226,458	$17M	added0%	0.00 pp	18 q
HEIHEICO Corporation	0.04%	125,993	$18M	held	—	13 q
INDIindie Semiconductor, Inc. Class A	0.04%	1,739,074	$17M	new	+0.04 pp	new
unresolvedIndie Semiconductor Inc	0.04%	2,000,000	$19M	new	+0.04 pp	new
SPHRSphere Entertainment Co.	0.04%	225,000	$19M	held	—	5 q
MRNAModerna, Inc.	0.04%	65,282	$15M	added+48%	+0.03 pp	3 q
OKTAOkta, Inc. Class A	0.04%	65,133	$16M	held	—	17 q
unresolvedOlink Hldg AB	0.04%	532,695	$18M	added+41%	+0.01 pp	2 q
RXRXRecursion Pharmaceuticals, Inc. Class A	0.04%	425,000	$16M	new	+0.04 pp	new
unresolvedSoc Telemed Inc	0.04%	3,250,000	$18M	added+86%	+0.01 pp	3 q
SIENSientra, Inc.	0.04%	2,365,363	$19M	added+9%	0.00 pp	22 q
TALTAL Education Group	0.04%	717,565	$18M	held	—	30 q
WDAYWorkday, Inc. Class A	0.04%	76,409	$18M	added+1%	−0.01 pp	2 q
unresolvedSarissa Capital Acquisitn Co	0.04%	1,505,619	$16M	new	+0.04 pp	new
GLOBGlobant S.a.	0.04%	88,473	$19M	held	—	21 q
AXGNAxogen, Inc.	0.03%	580,084	$13M	held	—	16 q
unresolvedDesktop Metal Inc	0.03%	1,225,000	$14M	trimmed−29%	−0.03 pp	3 q
unresolvedEargo Inc	0.03%	334,696	$13M	added+7%	−0.01 pp	3 q
NARIInari Medical, Inc.	0.03%	119,851	$11M	added+9%	0.00 pp	5 q
LBRDALiberty Broadband Corporation Class A	0.03%	80,000	$13M	trimmed−20%	−0.01 pp	27 q
NFLXNetFlix Inc	0.03%	26,640	$14M	added+1%	0.00 pp	32 q
PAYPaymentus Holdings, Inc.	0.03%	316,000	$11M	new	+0.03 pp	new
WOOFPetco Health and Wellness Company, Inc. Class A	0.03%	550,000	$12M	added+43%	+0.01 pp	2 q
unresolvedRxr Acquisition Corp	0.03%	1,317,090	$13M	trimmed−34%	−0.02 pp	2 q
SESea Limited	0.03%	42,985	$12M	added+22%	+0.01 pp	2 q
SPLKSplunk Inc	0.03%	93,625	$14M	trimmed−82%	−0.15 pp	19 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.03%	27,985	$11M	added+18%	+0.01 pp	14 q
DSPViant Technology Inc. Class A	0.03%	500,000	$15M	trimmed−13%	−0.05 pp	2 q
unresolvedAtlassian Corp Plc	0.03%	51,292	$13M	new	+0.03 pp	new
BHVNBiohaven Ltd.	0.03%	146,000	$14M	held	—	7 q
unresolvedFifth Wall Acquisitn Corp II	0.03%	1,250,000	$12M	new	+0.03 pp	new
unresolvedEmpower Ltd	0.03%	1,500,000	$15M	new	+0.03 pp	new
VELOVelo3D, Inc.	0.03%	1,092,739	$11M	added×2.7	+0.02 pp	2 q
PAGSPagSeguro Digital Ltd.	0.03%	252,005	$14M	trimmed−87%	−0.19 pp	14 q
MNDYmonday.com Ltd.	0.03%	52,758	$12M	new	+0.03 pp	new
TBLATaboola.com Ltd.	0.03%	1,432,781	$15M	new	+0.03 pp	new
AAgilent Technologies Inc.	0.02%	57,617	$9M	added+3%	0.00 pp	33 q
ALGNAlign Technology Inc	0.02%	15,355	$9M	trimmed−1%	0.00 pp	33 q
APPApplovin Corporation Class A	0.02%	124,923	$9M	new	+0.02 pp	new
AZNNAstrazeneca Plc-spons ADR	0.02%	144,508	$9M	held	—	13 q
KMXCarMax Inc.	0.02%	65,843	$9M	trimmed−0%	0.00 pp	33 q
unresolvedDD3 Acquisition Corp II	0.02%	1,033,069	$10M	held	—	3 q
DHID.R. Horton Inc.	0.02%	108,535	$10M	trimmed−39%	−0.02 pp	11 q
ESEESCO Technologies, Inc.	0.02%	86,600	$8M	held	—	24 q
unresolvedGo Acquisition Corp	0.02%	715,900	$7M	trimmed−47%	−0.01 pp	2 q
GMABGenmab A/S	0.02%	264,567	$11M	added+10%	0.00 pp	3 q
INNVInnovAge Holding Corp.	0.02%	500,000	$11M	held	—	2 q
LM05Liberty Media Corp-liberty-a	0.02%	185,000	$8M	held	—	21 q
LUXELuxExperience B.V.	0.02%	350,000	$11M	trimmed−22%	−0.01 pp	2 q
MANHManhattan Associates Inc	0.02%	47,444	$7M	trimmed−4%	+0.01 pp	28 q
MDLAMedallia Inc	0.02%	250,000	$8M	trimmed−57%	−0.02 pp	8 q
unresolvedOrigin Materials Inc	0.02%	1,039,900	$8M	new	+0.02 pp	new
POOLPool Corporation	0.02%	22,337	$10M	held	—	7 q
QLYSQualys, Inc.	0.02%	70,000	$7M	held	—	30 q
RHIRobert Half Inc.	0.02%	75,678	$7M	trimmed−1%	+0.01 pp	33 q
PRKSUnited Parks & Resorts Inc.	0.02%	148,245	$7M	trimmed−0%	0.00 pp	4 q
TTWOTake-Two Interactive Software Inc	0.02%	52,273	$9M	trimmed−21%	−0.01 pp	17 q
REALThe RealReal, Inc.	0.02%	400,000	$8M	trimmed−20%	−0.01 pp	9 q
TOLToll Brothers, Inc.	0.02%	174,263	$10M	trimmed−33%	−0.02 pp	5 q
ZMZoom Communications, Inc. Class A	0.02%	21,202	$8M	trimmed−19%	0.00 pp	9 q
IACB.UIon Acquisition Corp 2 Ltd	0.02%	680,312	$7M	trimmed−32%	0.00 pp	2 q
SMWBSimilarweb Ltd.	0.02%	517,962	$10M	new	+0.02 pp	new
ABTAbbott Laboratories	0.01%	24,262	$3M	trimmed−42%	0.00 pp	11 q
ABNBAirbnb, Inc. Class A	0.01%	15,418	$2M	held	—	3 q
APLTApplied Therapeutics, Inc.	0.01%	237,800	$5M	held	—	6 q
unresolvedAtlas Crest Investment Corp	0.01%	502,000	$5M	held	—	3 q
BEAMBeam Therapeutics Inc.	0.01%	17,817	$2M	trimmed−82%	−0.01 pp	2 q
BLIBerkeley Lights, Inc.	0.01%	50,000	$2M	held	—	4 q
BLQADBlackrock Inc	0.01%	2,595	$2M	added+51%	+0.01 pp	14 q
DLRDigital Realty Trust, Inc.	0.01%	23,822	$4M	held	—	6 q
ENVEnvestnet, Inc.	0.01%	44,412	$3M	held	—	31 q
FASTFastenal Co	0.01%	42,920	$2M	held	—	33 q
HUMHumana Inc.	0.01%	14,550	$6M	added+38%	0.00 pp	12 q
PODDInsulet Corporation	0.01%	12,115	$3M	added×2.6	+0.01 pp	12 q
INTUIntuit Inc	0.01%	7,014	$3M	added+15%	0.00 pp	6 q
JBIJanus International Group, Inc.	0.01%	210,485	$3M	new	+0.01 pp	new
BZKANZHUN LIMITED American Depository Shares	0.01%	59,981	$2M	new	+0.01 pp	new
LSFLaird Superfood, Inc.	0.01%	100,000	$3M	added+33%	0.00 pp	4 q
MCOMoody's Corporation	0.01%	7,258	$3M	added+9%	+0.01 pp	13 q
OPENOpendoor Technologies Inc	0.01%	147,779	$3M	trimmed−97%	−0.29 pp	3 q
unresolvedThe Original Bark Company	0.01%	500,000	$5M	new	+0.01 pp	new
PEBPebblebrook Hotel Trust	0.01%	95,355	$2M	added+78%	+0.01 pp	5 q
PSAPublic Storage	0.01%	7,714	$2M	added×3.3	+0.01 pp	2 q
SEERSeer, Inc. Class A	0.01%	75,000	$2M	held	—	3 q
SONYSony Group Corporation	0.01%	28,316	$3M	trimmed−56%	−0.01 pp	20 q
TXMDTherapeuticsMD, Inc.	0.01%	3,831,500	$5M	held	—	30 q
TMOThermo Fisher Scientific, Inc.	0.01%	12,959	$7M	added+2%	0.00 pp	8 q
unresolvedTishman Speyer Innovation Co	0.01%	487,855	$5M	trimmed−65%	−0.02 pp	2 q
TWSTTwist Bioscience Corporation	0.01%	20,144	$3M	new	+0.01 pp	new
ZTSZoetis Inc.	0.01%	22,228	$4M	added+16%	0.00 pp	7 q
BPY-UCADBrookfield Property Partners	0.01%	47,371	$3M	added×17.4	+0.01 pp	4 q
TSEMTower Semiconductor Ltd	0.01%	152,785	$4M	held	—	7 q
AINAlbany International Corp Class A	0.00%	115	$10,000	held	—	13 q
ALECAlector, Inc.	0.00%	700	$15,000	trimmed−97%	0.00 pp	9 q
ALXAlexander's Inc.	0.00%	5,000	$1M	held	—	33 q
APAMArtisan Partners Asset Management Inc.	0.00%	3,199	$163,000	held	—	33 q
BRK.ABerkshire Hathaway Inc.	0.00%	1	$419,000	held	—	20 q
BXPBXP, Inc.	0.00%	3,320	$380,000	added+53%	0.00 pp	4 q
CIThe Cigna Group	0.00%	6,900	$2M	trimmed−41%	−0.01 pp	3 q
CMECME Group Inc.	0.00%	5,194	$1M	held	—	33 q
CHTRCharter Comm Inc Del CL A New	0.00%	507	$366,000	held	—	13 q
CYHCommunity Health Systems, Inc.	0.00%	100	$2,000	held	—	33 q
STZConstellation Brands, Inc.	0.00%	3,016	$705,000	added+6%	0.00 pp	13 q
COSTCostco Wholesale Corp	0.00%	1,414	$559,000	added+7%	0.00 pp	14 q
CCICrown Castle Inc.	0.00%	7,165	$1M	added+11%	0.00 pp	14 q
DHRDanaher Corporation	0.00%	4,791	$1M	added+36%	0.00 pp	14 q
DRNADicerna Pharmaceuticals, Inc.	0.00%	34,762	$1M	held	—	7 q
unresolvedDuck Creek Technologies	0.00%	5,500	$239,000	held	—	4 q
DREDuke Realty Corp.	0.00%	17,687	$837,000	added+26%	0.00 pp	14 q
ECLEcolab, Inc.	0.00%	1,388	$286,000	added+18%	0.00 pp	5 q
GPNGlobal Payments, Inc.	0.00%	3,300	$619,000	added+27%	0.00 pp	6 q
GSGoldman Sachs Group Inc.	0.00%	800	$304,000	held	—	20 q
JKHYHenry (Jack) & Associates	0.00%	3,500	$572,000	added+6%	0.00 pp	6 q
HSTHost Hotels & Resorts, Inc.	0.00%	121,574	$2M	added×2.7	0.00 pp	5 q
IQVIQVIA Holdings Inc.	0.00%	3,379	$819,000	added+13%	0.00 pp	9 q
KWKennedy-wilson Holdings, Inc.	0.00%	59,809	$1M	added+17%	0.00 pp	3 q
ELThe Estee Lauder Companies Inc. Class A	0.00%	912	$290,000	added+11%	0.00 pp	14 q
MQMarqeta, Inc. Class A	0.00%	22,000	$618,000	new	0.00 pp	new
MPWRMonolithic Power Systems, Inc.	0.00%	1,180	$441,000	new	0.00 pp	new
NCNOnCino, Inc.	0.00%	9,656	$579,000	held	—	4 q
NOVTNovanta Inc.	0.00%	10,431	$1M	held	—	17 q
6PMParamount Group Inc	0.00%	107,750	$1M	added+52%	0.00 pp	2 q
PKPark Hotels & Resorts Inc.	0.00%	89,256	$2M	added×8.3	0.00 pp	3 q
PCTYPaylocity Holding Corporation	0.00%	2,561	$489,000	added+9%	0.00 pp	7 q
PTONPeloton Interactive, Inc. Class A	0.00%	4,186	$519,000	added×2.2	0.00 pp	3 q
PGProcter & Gamble Company	0.00%	1,796	$242,000	held	—	20 q
QCOMQualcomm Inc	0.00%	4,000	$572,000	held	—	20 q
SJMThe J.M. Smucker Company	0.00%	251	$33,000	held	—	20 q
S76Store Capital Corp	0.00%	7,750	$267,000	trimmed−64%	0.00 pp	7 q
SUISun Communities, Inc	0.00%	10,015	$2M	added+24%	0.00 pp	12 q
TRNOTerreno Realty Corporation	0.00%	4,543	$293,000	trimmed−36%	0.00 pp	6 q
TXNTexas Instruments Incorporated	0.00%	2,510	$483,000	added+9%	0.00 pp	14 q
TTCToro Company (The)	0.00%	12,996	$1M	trimmed−95%	−0.07 pp	16 q
PATHUiPath, Inc.	0.00%	30,000	$2M	new	0.00 pp	new
VCELVericel Corporation	0.00%	20,240	$1M	added×5.1	0.00 pp	2 q
WELLWelltower Inc.	0.00%	12,901	$1M	added+16%	0.00 pp	2 q
WINGWingstop Inc	0.00%	10,000	$2M	held	—	25 q
ACNAccenture PLC	0.00%	7,158	$2M	added+8%	0.00 pp	14 q
unresolvedBrookfield Asset Mgmt Reins	0.00%	14,948	$778,000	new	0.00 pp	new
ESTAEstablishment Labs Holdings Inc.	0.00%	21,100	$2M	new	0.00 pp	new
MRKTIhs Markit Ltd	0.00%	19,116	$2M	added+9%	0.00 pp	11 q
unresolvedIon Acquisition Corp 3 Ltd	0.00%	150,000	$1M	new	0.00 pp	new
0VQJLTe Connectivity Ltd	0.00%	2,369	$320,000	added+21%	0.00 pp	14 q
unresolvedThe Carlyle Group	—	−2,493,512	—	exited	−0.23 pp	—
ZTOZTO Express (Cayman) Inc.	—	−1,860,104	—	exited	−0.13 pp	—
unresolvedNew Oriental Ed & Tech Grp I	—	−2,717,398	—	exited	−0.09 pp	—
PTCTPTC Therapeutics, Inc.	—	−708,697	—	exited	−0.08 pp	—
PRPLPurple Innovation, Inc.	—	−837,197	—	exited	−0.07 pp	—
BMBLBumble Inc. Class A	—	−300,077	—	exited	−0.05 pp	—
EBSEmergent Biosolutions, Inc.	—	−225,000	—	exited	−0.05 pp	—
unresolvedTs Innovation Acquisitn Corp	—	−1,700,002	—	exited	−0.05 pp	—
TMETencent Music Entertainment Group	—	−238,462	—	exited	−0.05 pp	—
unresolvedVesper Healthcare Acqstn Cor	—	−1,981,902	—	exited	−0.05 pp	—
IACA.UIon Acquisition Corp 1 Ltd	—	−1,964,104	—	exited	−0.05 pp	—
unresolvedSarissa Capital Acquisitn Co	—	−1,505,619	—	exited	−0.04 pp	—
unresolvedAmerican Well Corp Class A	—	−784,440	—	exited	−0.03 pp	—
ESPREsperion Therapeutics Inc Ne	—	−373,500	—	exited	−0.03 pp	—
FOXFFox Factory Holding Corp.	—	−100,000	—	exited	−0.03 pp	—
HLTHilton Worldwide Holdings Inc.	—	−95,543	—	exited	−0.03 pp	—
PACBPacific Biosciences of California, Inc.	—	−385,786	—	exited	−0.03 pp	—
VRTXVertex Pharmaceuticals Inc	—	−60,113	—	exited	−0.03 pp	—
CMRCCommerce.com, Inc. Series 1	—	−134,036	—	exited	−0.02 pp	—
unresolvedSoc Telemed Inc	—	−1,500,000	—	exited	−0.02 pp	—
SHWThe Sherwin-Williams Company	—	−34,206	—	exited	−0.02 pp	—
VRMVroom, Inc.	—	−218,416	—	exited	−0.02 pp	—
WORKSlack Technologies, Inc.	—	−132,140	—	exited	−0.01 pp	—
IPOAVirgin Galactic Holdings Inc	—	−150,000	—	exited	−0.01 pp	—
unresolvedAltimeter Growth Corp	—	−397,909	—	exited	−0.01 pp	—
YACYucaipa Acquisition Corp	—	−590,500	—	exited	−0.01 pp	—
AFRMAffirm Holdings, Inc. Class A	—	−401	—	exited	0.00 pp	—
STAYExtended Stay America, Inc. Paired Share	—	−50,311	—	exited	0.00 pp	—
FLTCorpay, Inc.	—	−180	—	exited	0.00 pp	—
GDRXGoodRx Holdings, Inc. Class A	—	−28,676	—	exited	0.00 pp	—
HCAHCA Healthcare, Inc.	—	−9,000	—	exited	0.00 pp	—
unresolvedMolecular Templates Inc	—	−45,000	—	exited	0.00 pp	—
OLOOlo Inc.	—	−5,000	—	exited	0.00 pp	—
BIPBrookfield Infrastructure Partners L.P.	—	−31,192	—	exited	0.00 pp	—
IACAIon Acquisition Corp 1 Ltd-a	—	−85,365	—	exited	0.00 pp	—