Baron Capital

Q1 2022 13F · by Ron Baron, CEO

As of: Mar 31, 2022
Filed: May 13, 2022
US stock: $40.7B · prev $47.1B
Positions: 388 · prev 404
Options notional: $0
Documents: 1· no amendments

Picture99.9% US stock

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

US stock listed on a US exchange 99.9%
Foreign stock not listed in the US 0.1%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves377 since the prior filing

+5.8 pp in · −5.8 pp out

New 29 +1.23 pp
Added 113 +4.55 pp
Trimmed 190 −5.03 pp
Exited 45 −0.80 pp

The book

Focused · behaves like 29 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 16% a year, about 6.2 years per position

Low
Moderate
High

Top 5 positions29% of US stock

Positions388 in this filing · 45 exited


TSLATesla, Inc.	15.33%	5,797,583	$6.2B	added0%	+2.34 pp	33 q
ITGartner, Inc.	3.85%	5,274,931	$1.6B	trimmed−1%	+0.06 pp	36 q
IDXXIdexx Laboratories Inc	3.33%	2,480,174	$1.4B	trimmed−2%	−0.20 pp	36 q
CSGPCoStar Group Inc	3.08%	18,849,173	$1.3B	added+2%	−0.02 pp	36 q
MTNVail Resorts, Inc.	2.95%	4,625,849	$1.2B	added+5%	−0.11 pp	36 q
FDSFactset Research Systems	2.85%	2,674,376	$1.2B	added+1%	+0.11 pp	36 q
MSCIMSCI, Inc.	2.73%	2,210,016	$1.1B	added+3%	−0.05 pp	36 q
ACGLArch Capital Group Ltd	2.56%	21,506,340	$1.0B	trimmed−0%	+0.53 pp	36 q
CHHChoice Hotels Intnl.	1.61%	4,624,466	$656M	trimmed−0%	+0.08 pp	36 q
TECHBio-Techne Corp.	1.56%	1,469,118	$636M	trimmed−1%	−0.07 pp	30 q
AKXAnsys Inc	1.54%	1,974,782	$627M	trimmed−3%	−0.19 pp	36 q
IRDMIridium Communications Inc.	1.44%	14,522,520	$586M	added+8%	+0.27 pp	32 q
GWREGuidewire Software, Inc.	1.35%	5,814,960	$550M	trimmed−1%	−0.07 pp	36 q
SCHWThe Charles Schwab Corporation	1.34%	6,497,758	$548M	trimmed−0%	+0.18 pp	36 q
HHyatt Hotels Corporation	1.28%	5,449,957	$520M	trimmed−0%	+0.17 pp	36 q
MTDMettler-Toledo International	1.23%	366,284	$503M	trimmed−2%	−0.12 pp	36 q
KNSLKinsale Capital Group, Inc.	1.18%	2,114,205	$482M	added0%	+0.11 pp	22 q
WSTWest Pharmaceutical Services, Inc.	1.18%	1,171,667	$481M	trimmed−1%	+0.01 pp	36 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.16%	4,528,804	$472M	trimmed−2%	−0.02 pp	36 q
VACMarriott Vacations Worldwide Corporation	1.12%	2,886,857	$455M	trimmed−2%	+0.07 pp	36 q
PENNPENN Entertainment, Inc.	1.11%	10,616,332	$450M	trimmed−0%	−0.06 pp	36 q
GLPIGaming and Leisure Properties, Inc.	1.03%	8,968,592	$421M	added+3%	+0.13 pp	34 q
RRRRed Rock Resorts, Inc. Class A	0.94%	7,865,999	$382M	added+4%	+0.06 pp	24 q
BFAMBright Horizons Family Solutions Inc.	0.82%	2,509,475	$333M	trimmed−0%	+0.15 pp	36 q
MORNMorningstar, Inc.	0.78%	1,165,415	$318M	trimmed−4%	−0.10 pp	36 q
DAVAEndava plc	0.75%	2,307,653	$307M	trimmed−2%	−0.09 pp	15 q
PRIPrimerica, Inc.	0.69%	2,060,057	$282M	trimmed−1%	+0.01 pp	36 q
SPOTSpotify Technology S.A.	0.66%	1,774,545	$268M	added+59%	+0.11 pp	16 q
CNSCohen & Steers Inc.	0.65%	3,085,969	$265M	added+6%	+0.08 pp	36 q
AMZNAmazon.Com Inc	0.64%	80,056	$261M	trimmed−11%	0.00 pp	36 q
RIVNRivian Automotive, Inc. Class A	0.64%	5,375,789	$260M	trimmed−8%	−0.61 pp	2 q
GTMZoomInfo Technologies Inc	0.64%	4,362,526	$261M	added+1%	+0.05 pp	8 q
AREAlexandria Real Estate Equities, Inc.	0.62%	1,253,641	$252M	trimmed−4%	0.00 pp	36 q
BABAAlibaba Group Holding Limited	0.61%	2,268,156	$247M	added+6%	+0.07 pp	31 q
VRSKVerisk Analytics, Inc.	0.61%	1,158,380	$249M	trimmed−1%	+0.04 pp	36 q
SHOPShopify Inc. Class A subordinate voting shares	0.59%	354,147	$239M	added+76%	0.00 pp	10 q
SSNCSS&C Technologies Inc	0.57%	3,086,921	$232M	trimmed−8%	−0.01 pp	36 q
GOOGAlphabet Inc. Class C	0.56%	82,312	$230M	trimmed−29%	−0.15 pp	32 q
BYDBoyd Gaming Corporation	0.53%	3,261,996	$215M	added+9%	+0.11 pp	21 q
TREXTrex Company, Inc.	0.53%	3,317,449	$217M	added0%	−0.42 pp	33 q
DAYDayforce, Inc.	0.52%	3,103,832	$212M	trimmed−0%	−0.17 pp	16 q
AZPNAspen Technology Inc	0.51%	1,245,459	$206M	trimmed−0%	+0.11 pp	27 q
SBACSBA Communications Corp	0.51%	600,665	$207M	trimmed−16%	−0.08 pp	22 q
DEIDouglas Emmett, Inc.	0.49%	5,928,112	$198M	added0%	+0.07 pp	36 q
EFOREverforth, Inc.	0.46%	1,604,458	$187M	held	—	15 q
DXCMDexCom, Inc.	0.46%	369,969	$189M	trimmed−3%	+0.03 pp	36 q
ICLRIcon Plc	0.46%	771,031	$188M	trimmed−3%	−0.06 pp	36 q
SITESiteOne Landscape Supply, Inc.	0.42%	1,057,533	$171M	trimmed−0%	−0.12 pp	24 q
VEEVVeeva Systems Inc.	0.42%	801,065	$170M	trimmed−2%	−0.02 pp	20 q
TRUTransUnion	0.41%	1,614,406	$167M	trimmed−2%	0.00 pp	20 q
unresolvedBrookfield Asset Mgmt Inc	0.40%	2,846,597	$161M	added+8%	+0.06 pp	36 q
MSFTMicrosoft Corp	0.40%	534,986	$165M	trimmed−1%	+0.02 pp	18 q
ARGXargenx SE	0.39%	501,339	$158M	trimmed−11%	−0.03 pp	18 q
FNDFloor & Decor Holdings, Inc.	0.39%	1,944,086	$157M	added+6%	−0.12 pp	20 q
ILMNIllumina Inc	0.39%	453,281	$158M	trimmed−6%	0.00 pp	36 q
VRSNVeriSign Inc	0.36%	660,210	$147M	trimmed−1%	0.00 pp	36 q
NVDANvidia Corp	0.34%	503,940	$138M	added+3%	+0.03 pp	15 q
MRCYMercury Systems Inc.	0.33%	2,091,385	$135M	added+2%	+0.09 pp	29 q
ROPRoper Technologies, Inc.	0.33%	286,911	$135M	trimmed−1%	+0.03 pp	36 q
CRWDCrowdStrike Holdings, Inc. Class A	0.30%	537,111	$122M	added+9%	+0.09 pp	12 q
CGThe Carlyle Group Inc.	0.29%	2,414,842	$118M	trimmed−1%	0.00 pp	4 q
IBPInstalled Building Products, Inc.	0.29%	1,398,210	$118M	trimmed−12%	−0.18 pp	18 q
BIDUBaidu, Inc.	0.28%	874,279	$116M	new	+0.28 pp	new
CBRECbre Group, Inc.	0.28%	1,233,158	$113M	added+4%	+0.01 pp	36 q
HLIHoulihan Lokey, Inc.	0.28%	1,300,976	$114M	trimmed−0%	−0.01 pp	18 q
TTDThe Trade Desk, Inc.	0.27%	1,578,089	$109M	trimmed−0%	−0.04 pp	22 q
ALTRAltair Engineering Inc. Class A	0.26%	1,634,815	$105M	trimmed−0%	−0.01 pp	18 q
AXNXAxonics, Inc.	0.26%	1,689,914	$106M	held	—	9 q
unresolvedCooper Cos Inc/The	0.26%	251,554	$105M	added+5%	+0.05 pp	33 q
WIXWIX.com Ltd.	0.26%	1,015,280	$106M	trimmed−22%	−0.17 pp	22 q
BWINThe Baldwin Insurance Group, Inc. Class A	0.25%	3,780,722	$101M	trimmed−1%	−0.04 pp	10 q
EPAMEpam Systems, Inc.	0.25%	342,442	$102M	trimmed−14%	−0.31 pp	26 q
MELIMercado Libre, Inc	0.25%	84,496	$101M	trimmed−1%	+0.01 pp	15 q
PEGAPegasystems Inc	0.25%	1,248,209	$101M	trimmed−12%	−0.09 pp	36 q
BAPCredicorp LTD	0.25%	602,688	$104M	added+37%	+0.14 pp	4 q
EQIXEquinix, Inc.	0.24%	132,375	$98M	trimmed−15%	−0.04 pp	29 q
MKTXMarketAxess Holdings Inc.	0.24%	292,532	$100M	trimmed−1%	−0.02 pp	27 q
SNOWSnowflake Inc.	0.24%	425,531	$98M	added+45%	+0.03 pp	7 q
CGNXCognex Corp	0.23%	1,200,000	$93M	held	—	36 q
INSPInspire Medical Systems, Inc.	0.23%	363,246	$93M	trimmed−6%	+0.04 pp	13 q
MGMMgm Resorts International	0.23%	2,235,446	$94M	trimmed−9%	0.00 pp	3 q
NVEINuvei Corporation Subordinate Voting Shares	0.22%	1,202,999	$91M	trimmed−13%	+0.03 pp	2 q
AVNTAvient Corporation	0.21%	1,800,000	$86M	held	—	10 q
GDSGDS Holdings Limited	0.21%	2,159,023	$85M	added+3%	0.00 pp	17 q
FWONKLiberty Media Corporation Series C Liberty Formula One	0.21%	1,200,000	$84M	trimmed−4%	+0.04 pp	24 q
TFXTeleflex Incorporated	0.21%	245,888	$87M	added+32%	+0.08 pp	24 q
VRTVertiv Holdings Co Class A	0.21%	6,250,000	$88M	held	—	9 q
CAKECheesecake Factory (The)	0.20%	2,051,645	$82M	added+1%	+0.03 pp	36 q
CWANClearwater Analytics Hds-a	0.20%	3,873,722	$81M	added+37%	+0.06 pp	3 q
FICOFair Isaac Corporation	0.20%	171,232	$80M	added+16%	+0.06 pp	10 q
YMMFull Truck Alliance Co. Ltd.	0.20%	12,249,736	$82M	added+87%	+0.08 pp	2 q
GFIGold Fields Ltd	0.20%	5,338,784	$83M	new	+0.20 pp	new
JDJD.com, Inc.	0.20%	1,438,247	$83M	added+31%	+0.04 pp	2 q
TDGTransDigm Group Incorporated	0.20%	125,000	$81M	held	—	36 q
MANUManchester United PLC	0.20%	5,583,670	$81M	trimmed−43%	−0.09 pp	36 q
APHAmphenol Corporation	0.19%	1,011,417	$76M	trimmed−1%	0.00 pp	12 q
CDWCDW Corporation	0.19%	443,983	$79M	trimmed−1%	0.00 pp	20 q
DDOGDatadog, Inc. Class A	0.19%	524,008	$79M	added+49%	+0.06 pp	11 q
KTOSKratos Defense & Security Solutions, Inc.	0.19%	3,862,756	$79M	trimmed−15%	0.00 pp	9 q
REXRRexford Industrial Realty, Inc.	0.19%	1,048,456	$78M	trimmed−23%	−0.04 pp	30 q
unresolvedVelo3D Inc	0.19%	8,630,180	$78M	added+4%	+0.05 pp	3 q
ZLABZai Lab Limited	0.19%	1,762,931	$78M	added+13%	−0.02 pp	17 q
AMTAmerican Tower Corporation	0.18%	292,703	$74M	added+20%	+0.03 pp	36 q
IEXIDEX Corporation	0.18%	381,255	$73M	trimmed−1%	−0.01 pp	31 q
JLLJones Lang LaSalle, Inc.	0.18%	304,546	$73M	trimmed−6%	−0.01 pp	11 q
SKINSkinHealth Systems Inc. Class A	0.18%	4,238,871	$72M	added+58%	+0.04 pp	4 q
UTZUtz Brands, Inc.	0.18%	4,878,343	$72M	added+3%	+0.02 pp	8 q
CLVTClarivate Plc	0.18%	4,418,698	$74M	trimmed−32%	−0.14 pp	12 q
VMRKVivmark Residential	0.17%	767,793	$69M	added+14%	+0.04 pp	21 q
FISFidelity National Information Services, Inc.	0.17%	673,626	$68M	trimmed−1%	+0.01 pp	11 q
PLNTPlanet Fitness, Inc.	0.17%	800,000	$68M	held	—	17 q
PGNYProgyny, Inc.	0.17%	1,374,865	$71M	added+57%	+0.08 pp	10 q
YUMCYum China Holdings, Inc.	0.17%	1,714,986	$71M	added+39%	+0.04 pp	7 q
MAMastercard Incorporated	0.16%	177,409	$63M	trimmed−5%	+0.02 pp	36 q
ROLRollins, Inc.	0.16%	1,840,191	$64M	trimmed−1%	+0.03 pp	23 q
AFYAAfya Limited Class A	0.16%	4,542,496	$65M	added+4%	+0.01 pp	11 q
XPXP Inc. Class A	0.16%	2,103,933	$63M	added+37%	+0.07 pp	10 q
AZEKThe AZEK Company Inc.	0.15%	2,495,603	$62M	added+42%	−0.02 pp	8 q
NETCloudflare, Inc. Class A, par value $0.001 per share	0.15%	509,930	$61M	added+22%	+0.03 pp	11 q
FAFirst Advantage Corporation	0.15%	2,950,000	$60M	added+9%	+0.04 pp	4 q
GHGuardant Health, Inc.	0.15%	925,654	$61M	trimmed−18%	−0.09 pp	14 q
JBTMJBT Marel Corporation	0.15%	500,000	$59M	held	—	21 q
LBRDKLiberty Broadband Corporation Class C	0.15%	466,561	$63M	trimmed−3%	−0.02 pp	30 q
RBCRBC Bearings Incorporated	0.15%	305,306	$59M	added+20%	+0.04 pp	30 q
TSTenaris S. A.	0.15%	1,999,751	$60M	new	+0.15 pp	new
TNLTravel + Leisure Co.	0.15%	1,071,221	$62M	added+10%	+0.04 pp	5 q
WCNWaste Connections, Inc.	0.15%	450,000	$63M	trimmed−5%	+0.01 pp	23 q
DNUTKrispy Kreme, Inc.	0.14%	3,781,292	$56M	added+19%	+0.01 pp	3 q
LVSLas Vegas Sands Corp.	0.14%	1,492,314	$58M	added×2.2	+0.08 pp	2 q
RPAYRepay Holdings Corporation Class A	0.14%	3,765,000	$56M	added+7%	0.00 pp	10 q
NOWServicenow, Inc.	0.14%	106,048	$59M	trimmed−4%	−0.01 pp	27 q
TWLOTwilio Inc.	0.14%	346,796	$57M	added+2%	−0.05 pp	12 q
DRVNDriven Brands Holdings Inc.	0.13%	2,000,000	$53M	added+8%	0.00 pp	5 q
HQYHealthEquity, Inc	0.13%	800,000	$54M	held	—	31 q
HUBSHubspot, Inc.	0.13%	110,568	$53M	added+12%	−0.01 pp	5 q
INVHInvitation Homes Inc.	0.13%	1,324,083	$53M	trimmed−9%	−0.01 pp	21 q
NEOGNeogen Corp	0.13%	1,712,583	$53M	added+2%	−0.03 pp	36 q
PSAPublic Storage	0.13%	137,752	$54M	added×7.3	+0.11 pp	5 q
SIX1Six Flags Entertainment Corp.	0.13%	1,250,103	$54M	added+21%	+0.04 pp	6 q
TRIPTripAdvisor, Inc.	0.13%	1,990,330	$54M	trimmed−47%	−0.09 pp	5 q
COLDAmericold Realty Trust, Inc.	0.12%	1,798,636	$50M	trimmed−38%	−0.08 pp	17 q
VMCVulcan Materials Company(Holding Company)	0.12%	263,853	$48M	trimmed−2%	0.00 pp	13 q
AVLRAvalara, Inc.	0.11%	457,872	$46M	trimmed−0%	−0.02 pp	5 q
ETWOWE2OPEN Parent Ho -CW25	0.11%	4,886,792	$43M	held	—	4 q
EWCZEuropean Wax Center, Inc. Class A	0.11%	1,500,000	$44M	added+11%	+0.02 pp	3 q
FIGSFIGS, Inc.	0.11%	2,053,271	$44M	trimmed−9%	−0.02 pp	4 q
HLMNHillman Solutions Corp.	0.11%	3,821,995	$45M	trimmed−35%	−0.02 pp	3 q
HGVHilton Grand Vacations Inc.	0.11%	872,376	$45M	held	—	21 q
ISRGIntuitive Surgical Inc.	0.11%	145,490	$44M	trimmed−13%	−0.02 pp	22 q
PARPAR Technology Corp.	0.11%	1,067,301	$43M	trimmed−3%	−0.01 pp	15 q
WEXWEX Inc.	0.11%	250,000	$45M	trimmed−23%	+0.01 pp	36 q
AEISAdvanced Energy Industries Inc	0.10%	458,048	$39M	trimmed−8%	0.00 pp	10 q
GOOGLAlphabet Inc. Class A	0.10%	14,648	$41M	added0%	+0.01 pp	27 q
FGAAmerican Campus Communities	0.10%	693,728	$39M	added×21.2	+0.10 pp	2 q
ARWRArrowhead Research Corporation	0.10%	891,241	$41M	trimmed−10%	−0.04 pp	14 q
CZRCaesars Entertainment, Inc.	0.10%	525,799	$41M	added+11%	+0.01 pp	3 q
CDNACareDx, Inc.	0.10%	1,101,732	$41M	added0%	−0.01 pp	16 q
FRCBFirst Republic Bk CA	0.10%	248,097	$40M	trimmed−1%	−0.01 pp	36 q
HHCThe Howard Hughes Corporation	0.10%	411,740	$43M	trimmed−5%	+0.01 pp	6 q
INDIindie Semiconductor, Inc. Class A	0.10%	4,980,418	$39M	added0%	−0.03 pp	4 q
LOWLowe's Companies Inc.	0.10%	200,017	$40M	trimmed−32%	−0.06 pp	14 q
MSGSMadison Square Garden Sports Corp.	0.10%	225,000	$40M	held	—	26 q
SPHRSphere Entertainment Co.	0.10%	495,388	$41M	added+4%	+0.03 pp	8 q
TROWT Rowe Price Group Inc	0.10%	269,363	$41M	trimmed−1%	−0.01 pp	36 q
STNEStoneCo Ltd. Class A	0.10%	3,327,296	$39M	added+35%	+0.01 pp	14 q
WTWWillis Towers Watson Public Limited Company	0.10%	170,531	$40M	trimmed−0%	+0.01 pp	25 q
ADBEAdobe Inc.	0.09%	78,322	$36M	trimmed−10%	−0.01 pp	18 q
BILLBILL Holdings, Inc.	0.09%	165,169	$37M	added0%	0.00 pp	10 q
BXBlackstone Inc.	0.09%	281,801	$36M	new	+0.09 pp	new
unresolvedHolley Inc	0.09%	2,500,000	$35M	new	+0.09 pp	new
MCMoelis & Company	0.09%	786,851	$37M	trimmed−1%	−0.02 pp	32 q
WOOFPetco Health and Wellness Company, Inc. Class A	0.09%	1,796,356	$35M	added+11%	+0.02 pp	5 q
SAILSailPoint, Inc.	0.09%	736,392	$38M	trimmed−15%	0.00 pp	6 q
SDGRSchrodinger, Inc.	0.09%	1,071,511	$37M	trimmed−33%	−0.03 pp	9 q
SMRTSmartRent, Inc.	0.09%	7,206,253	$36M	trimmed−14%	−0.08 pp	3 q
SGSweetgreen, Inc.	0.09%	1,163,081	$37M	trimmed−47%	−0.06 pp	2 q
VVISA Inc.	0.09%	172,516	$38M	trimmed−1%	+0.01 pp	36 q
BERYBerry Global Group, Inc.	0.08%	550,000	$32M	trimmed−21%	−0.03 pp	36 q
BVBrightView Holdings, Inc.	0.08%	2,462,295	$34M	added+1%	+0.01 pp	14 q
BASECouchbase, Inc.	0.08%	1,883,493	$33M	added+14%	−0.01 pp	3 q
HEI.AHeico Corp Cl A	0.08%	256,152	$32M	added+1%	+0.01 pp	17 q
MXCTMaxCyte, Inc.	0.08%	4,598,669	$32M	trimmed−9%	−0.03 pp	3 q
MIRMirion Technologies, Inc.	0.08%	3,800,000	$31M	held	—	2 q
ONTOnterris, Inc.	0.08%	651,537	$34M	held	—	7 q
QLYSQualys, Inc.	0.08%	232,500	$33M	held	—	33 q
TWTradeweb Markets Inc. Class A	0.08%	373,763	$33M	trimmed−1%	0.00 pp	12 q
VRNSVaronis Systems, Inc.	0.08%	672,988	$32M	held	—	12 q
ZSZscaler, Inc.	0.08%	137,858	$33M	trimmed−2%	−0.02 pp	17 q
AMHAmerican Homes 4 Rent	0.07%	672,324	$27M	trimmed−6%	0.00 pp	20 q
DHDefinitive Healthcare Corp. Class A	0.07%	1,189,924	$29M	added+47%	+0.02 pp	3 q
ELSEquity Lifestyle Properties, Inc.	0.07%	368,565	$28M	trimmed−18%	−0.01 pp	17 q
unresolvedInnovid Corp	0.07%	4,707,657	$28M	added×55.2	+0.07 pp	2 q
INGNInogen Inc	0.07%	890,144	$29M	added+20%	+0.02 pp	11 q
JBI/WSJanus Parent Inc -CW26	0.07%	3,000,000	$27M	trimmed−25%	−0.04 pp	4 q
KRGKite Realty Group Trust	0.07%	1,190,082	$27M	new	+0.07 pp	new
LSXMKLiberty Media Cor-siriusxm C	0.07%	625,000	$29M	held	—	15 q
NVTSNavitas Semiconductor Corporation	0.07%	2,606,671	$27M	held	—	2 q
PLDPrologis, Inc.	0.07%	177,058	$29M	trimmed−47%	−0.05 pp	22 q
RVNCRevance Therapeutics, Inc.	0.07%	1,392,408	$27M	held	—	13 q
SWAVShockwave Medical, Inc.	0.07%	139,640	$29M	trimmed−4%	+0.02 pp	8 q
SILKSilk Road Medical, Inc.	0.07%	698,281	$29M	trimmed−1%	+0.01 pp	12 q
TXG10x Genomics, Inc. Class A	0.07%	367,283	$28M	trimmed−39%	−0.12 pp	11 q
WDAYWorkday, Inc. Class A	0.07%	110,813	$27M	added+4%	+0.01 pp	5 q
ESNTEssent Group LTD	0.07%	728,982	$30M	trimmed−0%	0.00 pp	23 q
FVRRFiverr International Ltd.	0.07%	359,292	$27M	trimmed−0%	−0.02 pp	12 q
ACMRACM Research, Inc. Class A	0.06%	1,278,283	$26M	added0%	−0.02 pp	5 q
AXONAxon Enterprise, Inc.	0.06%	191,800	$26M	new	+0.06 pp	new
EWEdwards Lifesciences Corp	0.06%	192,147	$23M	trimmed−2%	+0.01 pp	36 q
GDYNGrid Dynamics Holdings, Inc. Class A	0.06%	1,750,000	$25M	trimmed−1%	−0.08 pp	9 q
HEIHEICO Corporation	0.06%	162,243	$25M	held	—	16 q
HLLYHolley Inc.	0.06%	1,750,000	$24M	trimmed−59%	−0.06 pp	3 q
LFUSLittelfuse Inc	0.06%	98,608	$25M	held	—	25 q
PINGPing Identity Holding Corp	0.06%	837,781	$23M	added+3%	+0.02 pp	11 q
SPGSimon Property Group, Inc.	0.06%	190,815	$25M	trimmed−49%	−0.07 pp	6 q
SOFISoFi Technologies, Inc.	0.06%	2,559,148	$24M	trimmed−31%	−0.06 pp	2 q
VCYTVeracyte, Inc.	0.06%	875,407	$24M	held	—	12 q
DLODLocal Limited Class A	0.06%	822,617	$26M	trimmed−20%	−0.02 pp	4 q
GLOBGlobant S.a.	0.06%	100,487	$26M	added+3%	−0.01 pp	24 q
KRNTKornit Digital Ltd.	0.06%	276,094	$23M	held	—	25 q
ACVAACV Auctions Inc.	0.05%	1,304,595	$19M	trimmed−9%	−0.01 pp	5 q
ALGMAllegro MicroSystems, Inc.	0.05%	778,795	$22M	held	—	6 q
AZNNAstrazeneca Plc-spons ADR	0.05%	328,571	$22M	added+35%	+0.02 pp	16 q
CPNGCoupang, Inc.	0.05%	1,223,337	$22M	trimmed−20%	−0.05 pp	5 q
CYRXCryoPort, Inc.	0.05%	530,097	$19M	trimmed−4%	−0.02 pp	8 q
DNLIDenali Therapeutics Inc.	0.05%	655,348	$21M	trimmed−34%	−0.04 pp	18 q
DKSDick's Sporting Goods, Inc.	0.05%	186,022	$19M	new	+0.05 pp	new
0C3Endeavor Group Hold-class A	0.05%	669,818	$20M	added+1%	0.00 pp	4 q
OKTAOkta, Inc. Class A	0.05%	124,594	$19M	trimmed−0%	−0.01 pp	20 q
SESea Limited	0.05%	166,230	$20M	trimmed−39%	−0.08 pp	5 q
XYZBlock, Inc.	0.05%	162,947	$22M	trimmed−23%	−0.02 pp	8 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.05%	40,568	$21M	trimmed−2%	+0.01 pp	17 q
WRBYWarby Parker Inc.	0.05%	652,428	$22M	trimmed−64%	−0.13 pp	3 q
ICHRIchor Holdings	0.05%	531,384	$19M	trimmed−16%	−0.01 pp	22 q
CDROCodere Online Luxembourg, S.A.	0.05%	4,037,000	$22M	held	—	2 q
NVMINova Ltd.	0.05%	191,563	$21M	trimmed−31%	−0.04 pp	14 q
ASMLASML Holding NV	0.05%	28,396	$19M	trimmed−23%	−0.01 pp	35 q
ACCDAccolade, Inc.	0.04%	1,014,547	$18M	added+18%	−0.01 pp	7 q
ALKTAlkami Technology, Inc.	0.04%	1,204,353	$17M	added0%	−0.01 pp	4 q
CERSCerus Corp	0.04%	2,932,952	$16M	held	—	30 q
GTLSChart Inds Inc	0.04%	98,017	$17M	new	+0.04 pp	new
DKNGDraftKings Inc. Class A	0.04%	875,000	$17M	trimmed−11%	−0.02 pp	8 q
DTDynatrace, Inc.	0.04%	346,923	$16M	trimmed−78%	−0.17 pp	11 q
EAElectronic Arts Inc	0.04%	140,866	$18M	added0%	0.00 pp	21 q
ETWOE2open Parent Holdings, Inc.	0.04%	2,000,000	$18M	held	—	5 q
unresolvedForgerock Inc	0.04%	708,644	$16M	held	—	3 q
NARIInari Medical, Inc.	0.04%	177,615	$16M	added+4%	+0.01 pp	8 q
JEFJefferies Financial Group Inc.	0.04%	536,200	$18M	added+22%	0.00 pp	2 q
LM05Liberty Media Corp-liberty-a	0.04%	257,881	$16M	trimmed−1%	+0.01 pp	24 q
MDBMongoDB, Inc. Class A	0.04%	39,149	$17M	new	+0.04 pp	new
NXDRNextdoor Holdings, Inc.	0.04%	2,519,071	$15M	trimmed−47%	−0.04 pp	2 q
SHLSShoals Technologies Group, Inc. Class A	0.04%	1,000,000	$17M	trimmed−20%	−0.02 pp	5 q
SNAPSnap Inc.	0.04%	500,100	$18M	added0%	−0.01 pp	9 q
VRAYQViewray Inc	0.04%	4,400,929	$17M	held	—	14 q
unresolvedAtlassian Corp Plc	0.04%	51,650	$15M	added+1%	0.00 pp	4 q
unresolvedSarissa Capital Acquisitn Co	0.04%	1,511,845	$15M	held	—	4 q
SMWBSimilarweb Ltd.	0.04%	1,162,574	$15M	trimmed−13%	−0.01 pp	4 q
APPApplovin Corporation Class A	0.03%	194,467	$11M	trimmed−11%	−0.01 pp	4 q
AVBAvalonBay Communities, Inc.	0.03%	43,375	$11M	added+14%	+0.01 pp	3 q
BNTXBioNTech SE	0.03%	67,622	$12M	trimmed−13%	−0.01 pp	6 q
AZTAAzenta, Inc.	0.03%	172,000	$14M	trimmed−9%	−0.01 pp	3 q
METAMeta Platforms, Inc. Class A	0.03%	58,796	$13M	trimmed−42%	−0.04 pp	36 q
GTLBGitLab Inc. Class A	0.03%	229,910	$13M	added+15%	−0.01 pp	2 q
JBIJanus International Group, Inc.	0.03%	1,250,000	$11M	added×2.4	+0.02 pp	4 q
LENLennar Corporation Class A	0.03%	128,994	$10M	trimmed−74%	−0.09 pp	14 q
unresolvedRxr Acquisition Corp	0.03%	1,317,090	$13M	held	—	5 q
TTWOTake-Two Interactive Software Inc	0.03%	90,185	$14M	added+38%	+0.01 pp	20 q
TMOThermo Fisher Scientific, Inc.	0.03%	22,175	$13M	added+3%	0.00 pp	11 q
unresolvedDiversey Hldgs Ltd	0.03%	1,714,456	$13M	trimmed−19%	−0.03 pp	5 q
unresolvedFifth Wall Acquisitn Corp II	0.03%	1,250,000	$12M	held	—	4 q
ONONOn Holding AG	0.03%	514,826	$13M	new	+0.03 pp	new
TBLATaboola.com Ltd.	0.03%	2,045,634	$11M	added0%	0.00 pp	4 q
AAgilent Technologies Inc.	0.02%	53,228	$7M	trimmed−16%	0.00 pp	36 q
AEMAgnico Eagle Mines Ltd.	0.02%	118,335	$7M	new	+0.02 pp	new
ALGNAlign Technology Inc	0.02%	14,583	$6M	trimmed−3%	0.00 pp	36 q
AATAmerican Assets Trust, Inc.	0.02%	228,500	$9M	held	—	36 q
unresolvedAzul Sa-adr	0.02%	648,057	$10M	new	+0.02 pp	new
BRZEBraze, Inc. Class A	0.02%	178,842	$7M	added+32%	0.00 pp	2 q
unresolvedEnfusion Inc	0.02%	524,789	$7M	trimmed−39%	−0.02 pp	2 q
FBINFortune Brands Innovations, Inc.	0.02%	108,013	$8M	trimmed−67%	−0.05 pp	8 q
GMABGenmab A/S	0.02%	255,493	$9M	trimmed−1%	0.00 pp	6 q
HLIOHelios Technologies, Inc.	0.02%	108,929	$9M	trimmed−49%	−0.03 pp	12 q
HDHome Depot, Inc.	0.02%	26,963	$8M	trimmed−57%	−0.04 pp	34 q
LBRDALiberty Broadband Corporation Class A	0.02%	75,000	$10M	held	—	30 q
unresolvedMarkforged Holding Corp	0.02%	1,845,074	$7M	held	—	3 q
75ZSoho House & Co Inc	0.02%	1,065,500	$8M	trimmed−66%	−0.07 pp	3 q
NFLXNetFlix Inc	0.02%	26,942	$10M	added+1%	−0.01 pp	35 q
POOLPool Corporation	0.02%	22,157	$9M	added+17%	0.00 pp	10 q
RHIRobert Half Inc.	0.02%	75,678	$9M	held	—	36 q
TOLToll Brothers, Inc.	0.02%	193,787	$9M	trimmed−43%	−0.03 pp	8 q
VTRVentas, Inc.	0.02%	158,324	$10M	added×2.2	+0.01 pp	3 q
VNOVornado Realty Trust	0.02%	160,034	$7M	new	+0.02 pp	new
BPY-UCADBrookfield Property Partners	0.02%	104,604	$7M	trimmed−3%	+0.01 pp	7 q
unresolvedTaboola.com Ltd	0.02%	1,473,053	$8M	trimmed−20%	−0.01 pp	4 q
STVNStevanato Group S.p.A.	0.02%	462,946	$9M	trimmed−5%	0.00 pp	2 q
ABTAbbott Laboratories	0.01%	34,362	$4M	added+13%	0.00 pp	14 q
ABBVAbbvie Inc.	0.01%	30,600	$5M	new	+0.01 pp	new
ELVElevance Health, Inc.	0.01%	9,600	$5M	new	+0.01 pp	new
BLQADBlackrock Inc	0.01%	3,163	$2M	trimmed−38%	0.00 pp	17 q
BXPBXP, Inc.	0.01%	21,504	$3M	new	+0.01 pp	new
CMECME Group Inc.	0.01%	10,029	$2M	trimmed−13%	0.00 pp	36 q
CPTCamden Property Trust	0.01%	24,599	$4M	trimmed−29%	0.00 pp	3 q
KMXCarMax Inc.	0.01%	57,028	$6M	trimmed−13%	−0.01 pp	36 q
CCICrown Castle Inc.	0.01%	13,660	$3M	trimmed−21%	0.00 pp	17 q
DHID.R. Horton Inc.	0.01%	73,352	$5M	trimmed−83%	−0.09 pp	14 q
DLRDigital Realty Trust, Inc.	0.01%	23,821	$3M	held	—	9 q
DREDuke Realty Corp.	0.01%	57,063	$3M	trimmed−41%	0.00 pp	17 q
ENVEnvestnet, Inc.	0.01%	44,412	$3M	held	—	34 q
HSTHost Hotels & Resorts, Inc.	0.01%	233,643	$5M	added+30%	0.00 pp	8 q
HUMHumana Inc.	0.01%	8,050	$4M	trimmed−27%	0.00 pp	15 q
unresolvedInnovid Corp	0.01%	1,007,432	$6M	trimmed−84%	−0.08 pp	2 q
PODDInsulet Corporation	0.01%	9,215	$2M	held	—	15 q
INTUIntuit Inc	0.01%	7,753	$4M	trimmed−12%	0.00 pp	9 q
JAMFJamf Holding Corp.	0.01%	175,000	$6M	trimmed−42%	−0.01 pp	7 q
KWKennedy-wilson Holdings, Inc.	0.01%	114,188	$3M	trimmed−3%	0.00 pp	6 q
KRCKilroy Realty Corp.	0.01%	58,025	$4M	new	+0.01 pp	new
LHCGLHC Group LLC	0.01%	15,000	$3M	trimmed−29%	0.00 pp	2 q
LPLALPL Financial Holdings Inc.	0.01%	12,100	$2M	added+15%	+0.01 pp	2 q
LYVLive Nation Entertainment Inc.	0.01%	22,892	$3M	added+99%	+0.01 pp	2 q
MANHManhattan Associates Inc	0.01%	39,599	$5M	trimmed−17%	−0.01 pp	31 q
MCKMcKesson Corporation	0.01%	19,600	$6M	trimmed−6%	0.00 pp	2 q
MRKMerck & Co., Inc.	0.01%	29,300	$2M	new	+0.01 pp	new
MCOMoody's Corporation	0.01%	8,732	$3M	trimmed−21%	0.00 pp	16 q
NXRTNexPoint Residential Trust Inc	0.01%	58,125	$5M	added+66%	0.00 pp	2 q
PKPark Hotels & Resorts Inc.	0.01%	272,867	$5M	added×2.2	0.00 pp	6 q
PAYAPaya Holdings Inc. Class A	0.01%	768,150	$5M	trimmed−78%	−0.04 pp	6 q
PEBPebblebrook Hotel Trust	0.01%	169,190	$4M	added+16%	0.00 pp	8 q
RPTRpt Realty	0.01%	166,112	$2M	new	+0.01 pp	new
RNGRingcentral, Inc.	0.01%	21,825	$3M	trimmed−98%	−0.38 pp	15 q
SPGIS&P Global Inc.	0.01%	12,961	$5M	trimmed−77%	−0.05 pp	17 q
SIENSientra, Inc.	0.01%	2,578,364	$6M	held	—	25 q
SUISun Communities, Inc	0.01%	14,905	$3M	trimmed−39%	0.00 pp	15 q
THCTenet Healthcare Corporation New	0.01%	45,500	$4M	added+44%	0.00 pp	2 q
unresolvedTishman Speyer Innovation Co	0.01%	381,620	$4M	held	—	5 q
WELLWelltower Inc.	0.01%	39,757	$4M	new	+0.01 pp	new
ZTSZoetis Inc.	0.01%	28,828	$5M	held	—	10 q
ACNAccenture PLC	0.01%	12,469	$4M	added+6%	0.00 pp	17 q
AIYActivision Blizzard Inc	0.00%	25,135	$2M	held	—	17 q
AMDAdvanced Micro Devices	0.00%	659	$72,000	new	0.00 pp	new
ALXAlexander's Inc.	0.00%	5,000	$1M	held	—	36 q
ALNYAlnylam Pharmaceuticals, Inc.	0.00%	11,500	$2M	new	0.00 pp	new
APAMArtisan Partners Asset Management Inc.	0.00%	3,199	$126,000	held	—	36 q
BRK.ABerkshire Hathaway Inc.	0.00%	1	$529,000	held	—	23 q
AVGOBroadcom Inc.	0.00%	121	$76,000	new	0.00 pp	new
CERTCertara, Inc.	0.00%	67,000	$1M	trimmed−33%	−0.01 pp	6 q
CYHCommunity Health Systems, Inc.	0.00%	100	$1,000	held	—	36 q
COSTCostco Wholesale Corp	0.00%	2,676	$2M	trimmed−6%	0.00 pp	17 q
CYTKCytokinetics Inc.	0.00%	38,000	$1M	trimmed−21%	0.00 pp	2 q
DHRDanaher Corporation	0.00%	6,397	$2M	trimmed−11%	0.00 pp	17 q
unresolvedDuck Creek Technologies	0.00%	12,000	$265,000	trimmed−40%	0.00 pp	7 q
ECLEcolab, Inc.	0.00%	3,232	$571,000	added+16%	0.00 pp	8 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.00%	20,000	$974,000	new	0.00 pp	new
EFXEquifax, Incorporated	0.00%	6,800	$2M	new	0.00 pp	new
EXFYExpensify, Inc. Class A	0.00%	14,000	$246,000	trimmed−18%	0.00 pp	2 q
FASTFastenal Co	0.00%	5,110	$304,000	trimmed−88%	−0.01 pp	36 q
FRFirst Industrial Realty Trust, Inc.	0.00%	32,050	$2M	trimmed−53%	−0.01 pp	2 q
GPNGlobal Payments, Inc.	0.00%	6,000	$821,000	added+50%	0.00 pp	9 q
GSGoldman Sachs Group Inc.	0.00%	800	$264,000	held	—	23 q
HDBHDFC Bank Limited	0.00%	26,233	$2M	trimmed−24%	0.00 pp	2 q
JKHYHenry (Jack) & Associates	0.00%	3,500	$690,000	held	—	9 q
LRCXLam Research Corp	0.00%	111	$60,000	new	0.00 pp	new
ELThe Estee Lauder Companies Inc. Class A	0.00%	1,690	$460,000	trimmed−48%	0.00 pp	17 q
MQMarqeta, Inc. Class A	0.00%	25,000	$276,000	trimmed−11%	0.00 pp	4 q
MRVLMarvell Technology, Inc.	0.00%	415	$30,000	new	0.00 pp	new
MPWRMonolithic Power Systems, Inc.	0.00%	2,162	$1M	added+4%	0.00 pp	4 q
NCNOnCino, Inc.	0.00%	14,000	$574,000	trimmed−13%	0.00 pp	7 q
PACENerdy Inc	0.00%	86,223	$439,000	added+53%	0.00 pp	3 q
NICENICE Ltd	0.00%	2,293	$502,000	added+11%	0.00 pp	2 q
NOVTNovanta Inc.	0.00%	10,431	$1M	held	—	20 q
OZONOzon Holdings PLC	0.00%	2,164,595	$433,000	added+10%	−0.12 pp	6 q
PCTYPaylocity Holding Corporation	0.00%	2,561	$527,000	held	—	10 q
PAYPaymentus Holdings, Inc.	0.00%	18,000	$379,000	trimmed−10%	0.00 pp	4 q
PYPLPayPal Holdings, Inc.	0.00%	4,300	$497,000	trimmed−98%	−0.11 pp	13 q
PGProcter & Gamble Company	0.00%	1,796	$274,000	held	—	23 q
QCOMQualcomm Inc	0.00%	4,000	$611,000	held	—	23 q
SEERSeer, Inc. Class A	0.00%	74,443	$1M	held	—	6 q
SJMThe J.M. Smucker Company	0.00%	251	$34,000	held	—	23 q
SFIXStitch Fix, Inc. Class A	0.00%	65	$1,000	trimmed−97%	0.00 pp	6 q
TXNTexas Instruments Incorporated	0.00%	6,948	$1M	trimmed−10%	0.00 pp	17 q
TTCToro Company (The)	0.00%	12,413	$1M	trimmed−4%	0.00 pp	19 q
WMGWarner Music Group Corp. Class A	0.00%	8,622	$326,000	trimmed−13%	0.00 pp	2 q
WEBRWeber Inc - Class A	0.00%	36,104	$355,000	new	0.00 pp	new
XENEXenon Pharmaceuticals Inc	0.00%	42,000	$1M	held	—	2 q
unresolvedBrookfield Asset Mgmt Reins	0.00%	14,036	$803,000	trimmed−97%	−0.06 pp	4 q
CINTCI&T Inc	0.00%	34,251	$549,000	trimmed−10%	0.00 pp	2 q
ESTAEstablishment Labs Holdings Inc.	0.00%	15,252	$1M	trimmed−70%	−0.01 pp	4 q
unresolvedIon Acquisition Corp 3 Ltd	0.00%	151,660	$1M	added+1%	0.00 pp	4 q
0VQJLTe Connectivity Ltd	0.00%	9,489	$1M	trimmed−14%	0.00 pp	17 q
NBISNebius Group N.V. Class A	0.00%	935,331	$346,000	trimmed−9%	−0.13 pp	25 q
NTRANatera, Inc.	—	−693,462	—	exited	−0.14 pp	—
BZKANZHUN LIMITED American Depository Shares	—	−1,221,418	—	exited	−0.09 pp	—
BHVNBiohaven Ltd.	—	−197,980	—	exited	−0.06 pp	—
unresolvedNew Frontier Health Corp	—	−2,518,296	—	exited	−0.06 pp	—
FTCHQFarfetch Limited A	—	−702,664	—	exited	−0.05 pp	—
MGPMGM Growth Properties LLC Class A representing limited liability company interests	—	−526,572	—	exited	−0.05 pp	—
MRTXMirati Therapeutics, Inc.	—	−126,322	—	exited	−0.04 pp	—
OPENOpendoor Technologies Inc	—	−1,364,088	—	exited	−0.04 pp	—
CLNSDigitalBridge Group, Inc.	—	−1,441,050	—	exited	−0.03 pp	—
FOURShift4 Payments, Inc.	—	−250,000	—	exited	−0.03 pp	—
ESEESCO Technologies, Inc.	—	−86,600	—	exited	−0.02 pp	—
HCPHashiCorp, Inc. Class A	—	−125,000	—	exited	−0.02 pp	—
JBGSJBG SMITH Properties	—	−374,620	—	exited	−0.02 pp	—
LUXELuxExperience B.V.	—	−430,665	—	exited	−0.02 pp	—
SPLKSplunk Inc	—	−81,463	—	exited	−0.02 pp	—
ACHRArcher Aviation Inc.	—	−657,000	—	exited	−0.01 pp	—
ACHR.WSArcher Aviation Inc. Redeemable Warrants, each whole warrant exercisable for one Class A at an exercise price of $11.50	—	−500,000	—	exited	−0.01 pp	—
ASNDAscendis Pharma A/S	—	−20,500	—	exited	−0.01 pp	—
AXGNAxogen, Inc.	—	−435,527	—	exited	−0.01 pp	—
DVDoubleVerify Holdings, Inc.	—	−184,516	—	exited	−0.01 pp	—
NIUNiu Technologies	—	−161,592	—	exited	−0.01 pp	—
unresolvedOlink Hldg AB	—	−210,445	—	exited	−0.01 pp	—
RXRXRecursion Pharmaceuticals, Inc. Class A	—	−408,563	—	exited	−0.01 pp	—
TOSTToast, Inc.	—	−114,485	—	exited	−0.01 pp	—
DSPViant Technology Inc. Class A	—	−542,985	—	exited	−0.01 pp	—
MRKTIhs Markit Ltd	—	−33,649	—	exited	−0.01 pp	—
ARVNArvinas, Inc	—	−16,100	—	exited	0.00 pp	—
BEAMBeam Therapeutics Inc.	—	−15,717	—	exited	0.00 pp	—
STZConstellation Brands, Inc.	—	−3,835	—	exited	0.00 pp	—
GDRXGoodRx Holdings, Inc. Class A	—	−20,500	—	exited	0.00 pp	—
PPLIPeople Incorporated	—	−6,190	—	exited	0.00 pp	—
NTLAIntellia Therapeutics, Inc	—	−10,400	—	exited	0.00 pp	—
IQVIQVIA Holdings Inc.	—	−6,081	—	exited	0.00 pp	—
IWOiShares Russell 2000 Growth ETF	—	−4,521	—	exited	0.00 pp	—
LSFLaird Superfood, Inc.	—	−100,000	—	exited	0.00 pp	—
MRNAModerna, Inc.	—	−2,532	—	exited	0.00 pp	—
PINSPinterest, Inc. Class A	—	−1,247	—	exited	0.00 pp	—
PTGXProtagonist Therapeutics, Inc	—	−26,000	—	exited	0.00 pp	—
SMLRSemler Scientific, Inc.	—	−10,471	—	exited	0.00 pp	—
PATHUiPath, Inc.	—	−30,000	—	exited	0.00 pp	—
VICIVICI Properties Inc.	—	−12,405	—	exited	0.00 pp	—
ZNTLZentalis Pharmaceuticals, Inc.	—	−12,000	—	exited	0.00 pp	—
ZGZillow Group Inc Class A	—	−1,031	—	exited	0.00 pp	—
ZMZoom Communications, Inc. Class A	—	−143	—	exited	0.00 pp	—
RSKDRiskified Ltd.	—	−28,000	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 20 unresolved
Accession: 0001567619-22-010459
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

A security outside the official 13F list — CUSIP 47103N114 not on the Official 13(f) List for 2022-03-31
A security outside the official 13F list — CUSIP G16249107 not on the Official 13(f) List for 2022-03-31

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