Baron Capital

Q3 2022 13F · by Ron Baron, CEO

As of: Sep 30, 2022
Filed: Nov 14, 2022
US stock: $31.0B · prev $31.1B
Positions: 370 · prev 371
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%

Moves280 since the prior filing

+5.0 pp in · −4.9 pp out

New 14 +0.56 pp
Added 117 +4.43 pp
Trimmed 134 −4.26 pp
Exited 15 −0.63 pp

The book

Focused · behaves like 28 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 9.0% a year, about 11.2 years per position

Low
Moderate
High

Top 5 positions31% of US stock

TSLA Tesla, Inc. added+2.41 pp added+2.4115.0%
IT Gartner, Inc. trimmed+0.60 pp trimmed+0.604.6%
CSGP CoStar Group Inc added+0.60 pp added+0.604.3%
FDS Factset Research Systems added+0.17 pp added+0.173.5%
MTN Vail Resorts, Inc. added+0.01 pp added+0.013.3%

Positions370 in this filing · 15 exited


TSLATesla, Inc.	14.97%	17,468,447	$4.6B	added0%	+2.41 pp	35 q
ITGartner, Inc.	4.62%	5,171,825	$1.4B	trimmed−0%	+0.60 pp	38 q
CSGPCoStar Group Inc	4.33%	19,254,880	$1.3B	added0%	+0.60 pp	38 q
FDSFactset Research Systems	3.47%	2,683,674	$1.1B	added0%	+0.17 pp	38 q
MTNVail Resorts, Inc.	3.25%	4,658,452	$1.0B	added+1%	+0.01 pp	38 q
ACGLArch Capital Group Ltd	3.16%	21,493,024	$979M	added0%	+0.02 pp	38 q
MSCIMSCI, Inc.	2.97%	2,182,211	$920M	trimmed−1%	+0.06 pp	38 q
IDXXIdexx Laboratories Inc	2.51%	2,387,395	$778M	trimmed−1%	−0.22 pp	38 q
IRDMIridium Communications Inc.	2.08%	14,521,934	$644M	trimmed0%	+0.33 pp	34 q
KNSLKinsale Capital Group, Inc.	1.77%	2,147,549	$549M	trimmed−0%	+0.19 pp	24 q
CHHChoice Hotels Intnl.	1.63%	4,596,198	$503M	trimmed−0%	−0.02 pp	38 q
SCHWThe Charles Schwab Corporation	1.56%	6,729,338	$484M	added+2%	+0.22 pp	38 q
HHyatt Hotels Corporation	1.38%	5,259,610	$426M	trimmed−2%	+0.10 pp	38 q
AKXAnsys Inc	1.36%	1,894,049	$420M	trimmed−0%	−0.10 pp	38 q
TECHBio-Techne Corp.	1.31%	1,427,064	$405M	trimmed−2%	−0.31 pp	32 q
GLPIGaming and Leisure Properties, Inc.	1.27%	8,920,143	$395M	trimmed−2%	−0.06 pp	36 q
GWREGuidewire Software, Inc.	1.21%	6,083,288	$375M	trimmed−1%	−0.20 pp	38 q
MTDMettler-Toledo International	1.21%	344,216	$373M	trimmed−4%	−0.11 pp	38 q
VACMarriott Vacations Worldwide Corporation	1.08%	2,732,088	$333M	added+8%	+0.13 pp	38 q
RRRRed Rock Resorts, Inc. Class A	0.93%	8,359,021	$286M	trimmed−0%	+0.03 pp	26 q
WSTWest Pharmaceutical Services, Inc.	0.92%	1,159,204	$285M	trimmed−1%	−0.22 pp	38 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.81%	3,649,901	$250M	trimmed−7%	−0.22 pp	38 q
MORNMorningstar, Inc.	0.79%	1,150,415	$244M	trimmed−0%	−0.11 pp	38 q
PRIPrimerica, Inc.	0.79%	1,975,911	$244M	trimmed−3%	+0.01 pp	38 q
PENNPENN Entertainment, Inc.	0.76%	8,570,356	$236M	trimmed−1%	−0.09 pp	38 q
VRSKVerisk Analytics, Inc.	0.68%	1,239,686	$211M	added+2%	0.00 pp	38 q
DAVAEndava plc	0.65%	2,482,508	$200M	added+1%	−0.04 pp	17 q
SBACSBA Communications Corp	0.64%	700,940	$200M	added+7%	−0.03 pp	24 q
DAYDayforce, Inc.	0.63%	3,499,034	$196M	added0%	+0.10 pp	18 q
CNSCohen & Steers Inc.	0.63%	3,120,668	$195M	added0%	−0.01 pp	38 q
EFOREverforth, Inc.	0.61%	2,087,359	$189M	held	—	17 q
FNDFloor & Decor Holdings, Inc.	0.58%	2,533,914	$178M	trimmed−5%	+0.04 pp	22 q
SITESiteOne Landscape Supply, Inc.	0.58%	1,727,527	$180M	added+1%	−0.08 pp	26 q
GTMZoomInfo Technologies Inc	0.57%	4,258,352	$177M	added+1%	+0.12 pp	10 q
AREAlexandria Real Estate Equities, Inc.	0.56%	1,239,332	$174M	added0%	−0.02 pp	38 q
ICLRIcon Plc	0.55%	922,537	$170M	added+4%	−0.07 pp	38 q
BABAAlibaba Group Holding Limited	0.53%	2,057,140	$165M	trimmed−3%	−0.25 pp	33 q
AMZNAmazon.Com Inc	0.52%	1,437,599	$162M	trimmed−4%	+0.01 pp	38 q
TREXTrex Company, Inc.	0.49%	3,445,706	$151M	added+1%	−0.11 pp	35 q
SPOTSpotify Technology S.A.	0.49%	1,757,883	$152M	trimmed−5%	−0.07 pp	18 q
ARGXargenx SE	0.48%	417,201	$147M	trimmed−1%	−0.03 pp	20 q
AZPNAspen Technology Inc	0.45%	580,972	$138M	new	+0.45 pp	new
BFAMBright Horizons Family Solutions Inc.	0.43%	2,318,297	$134M	trimmed−11%	−0.27 pp	38 q
AXNXAxonics, Inc.	0.42%	1,843,114	$130M	held	—	11 q
FIGSFIGS, Inc.	0.42%	15,717,196	$130M	added×6.5	+0.35 pp	6 q
RIVNRivian Automotive, Inc. Class A	0.42%	3,905,032	$129M	trimmed−21%	+0.01 pp	4 q
VEEVVeeva Systems Inc.	0.42%	796,079	$131M	trimmed−1%	−0.09 pp	22 q
MSFTMicrosoft Corp	0.39%	524,368	$122M	added0%	−0.04 pp	20 q
BIDUBaidu, Inc.	0.38%	990,572	$116M	trimmed−4%	−0.11 pp	3 q
DXCMDexCom, Inc.	0.38%	1,470,746	$118M	added0%	+0.03 pp	38 q
IBPInstalled Building Products, Inc.	0.37%	1,423,210	$115M	held	—	20 q
VRSNVeriSign Inc	0.37%	660,068	$115M	held	—	38 q
unresolvedBrookfield Asset Mgmt Inc	0.36%	2,732,620	$112M	trimmed−6%	−0.06 pp	38 q
ILMNIllumina Inc	0.36%	576,447	$110M	trimmed−1%	+0.01 pp	38 q
BYDBoyd Gaming Corporation	0.35%	2,247,963	$107M	trimmed−1%	−0.01 pp	23 q
DEIDouglas Emmett, Inc.	0.34%	5,793,220	$104M	trimmed−0%	−0.08 pp	38 q
ROPRoper Technologies, Inc.	0.34%	288,533	$104M	added+1%	−0.02 pp	38 q
BWINThe Baldwin Insurance Group, Inc. Class A	0.33%	3,881,222	$102M	added0%	+0.03 pp	12 q
TTDThe Trade Desk, Inc.	0.33%	1,719,553	$103M	added+6%	+0.11 pp	24 q
HLIHoulihan Lokey, Inc.	0.32%	1,300,895	$98M	held	—	20 q
SSNCSS&C Technologies Inc	0.32%	2,072,919	$99M	trimmed−21%	−0.17 pp	38 q
CRWDCrowdStrike Holdings, Inc. Class A	0.31%	580,983	$96M	added+1%	0.00 pp	14 q
EQIXEquinix, Inc.	0.31%	170,673	$97M	added+3%	−0.04 pp	31 q
SHOPShopify Inc. Class A subordinate voting shares	0.31%	3,505,552	$94M	added+28%	+0.03 pp	12 q
TRUTransUnion	0.31%	1,611,234	$96M	added+1%	−0.10 pp	22 q
CAKECheesecake Factory (The)	0.29%	3,013,783	$88M	added+23%	+0.08 pp	38 q
SNOWSnowflake Inc.	0.29%	520,316	$88M	trimmed−3%	+0.05 pp	9 q
CPNGCoupang, Inc.	0.28%	5,227,933	$87M	trimmed−23%	0.00 pp	7 q
MRCYMercury Systems Inc.	0.28%	2,151,585	$87M	trimmed−11%	−0.22 pp	31 q
EPAMEpam Systems, Inc.	0.27%	226,990	$82M	trimmed−13%	+0.02 pp	28 q
RBCRBC Bearings Incorporated	0.27%	396,786	$82M	held	—	32 q
GOOGAlphabet Inc. Class C	0.26%	844,139	$81M	trimmed−39%	−0.23 pp	34 q
CBRECbre Group, Inc.	0.26%	1,213,855	$82M	trimmed−15%	−0.08 pp	38 q
IEXIDEX Corporation	0.26%	410,130	$82M	added+1%	+0.02 pp	33 q
YMMFull Truck Alliance Co. Ltd.	0.25%	11,749,265	$77M	trimmed−4%	−0.11 pp	4 q
REXRRexford Industrial Realty, Inc.	0.25%	1,510,650	$79M	added+17%	+0.01 pp	32 q
GTLSChart Inds Inc	0.24%	400,037	$74M	added+14%	+0.05 pp	3 q
VRTVertiv Holdings Co Class A	0.24%	7,650,000	$74M	held	—	11 q
ALTRAltair Engineering Inc. Class A	0.23%	1,634,730	$72M	held	—	20 q
CDWCDW Corporation	0.23%	450,532	$70M	added+1%	+0.01 pp	22 q
FICOFair Isaac Corporation	0.23%	171,226	$71M	added+1%	+0.01 pp	12 q
FWONKLiberty Media Corporation Series C Liberty Formula One	0.23%	1,200,000	$70M	held	—	26 q
PGNYProgyny, Inc.	0.23%	1,954,628	$72M	trimmed−11%	+0.02 pp	12 q
BAPCredicorp LTD	0.23%	572,610	$70M	added+1%	+0.01 pp	6 q
APHAmphenol Corporation	0.22%	1,022,985	$68M	added+1%	+0.01 pp	14 q
NVDANvidia Corp	0.22%	560,569	$68M	added+8%	−0.03 pp	17 q
unresolvedCooper Cos Inc/The	0.21%	242,511	$64M	trimmed−4%	−0.04 pp	35 q
DDOGDatadog, Inc. Class A	0.21%	734,958	$65M	added+20%	+0.02 pp	13 q
DRVNDriven Brands Holdings Inc.	0.21%	2,275,000	$64M	held	—	7 q
MELIMercado Libre, Inc	0.21%	79,873	$66M	added+4%	+0.05 pp	17 q
ROLRollins, Inc.	0.21%	1,842,482	$64M	added0%	0.00 pp	25 q
SKINSkinHealth Systems Inc. Class A	0.21%	5,561,512	$66M	trimmed−22%	−0.09 pp	6 q
TDGTransDigm Group Incorporated	0.21%	125,000	$66M	held	—	38 q
YUMCYum China Holdings, Inc.	0.21%	1,357,897	$64M	trimmed−15%	−0.04 pp	9 q
CWANClearwater Analytics Hds-a	0.20%	3,673,632	$62M	trimmed−2%	+0.05 pp	5 q
CGNXCognex Corp	0.20%	1,500,000	$62M	held	—	38 q
LVSLas Vegas Sands Corp.	0.20%	1,656,919	$62M	trimmed−16%	−0.01 pp	4 q
PLDPrologis, Inc.	0.20%	598,590	$61M	added+55%	+0.05 pp	24 q
WCNWaste Connections, Inc.	0.20%	450,000	$61M	held	—	25 q
AMTAmerican Tower Corporation	0.19%	267,778	$57M	trimmed−1%	−0.03 pp	38 q
CGThe Carlyle Group Inc.	0.19%	2,252,652	$58M	trimmed−7%	−0.06 pp	6 q
PLNTPlanet Fitness, Inc.	0.19%	1,000,000	$58M	added+8%	−0.01 pp	19 q
AFYAAfya Limited Class A	0.19%	4,373,723	$59M	trimmed−7%	+0.04 pp	13 q
AVNTAvient Corporation	0.18%	1,850,000	$56M	held	—	12 q
FAFirst Advantage Corporation	0.17%	4,000,000	$51M	added+5%	+0.02 pp	6 q
HQYHealthEquity, Inc	0.17%	800,000	$54M	held	—	33 q
INSPInspire Medical Systems, Inc.	0.17%	293,336	$52M	added+1%	0.00 pp	15 q
MKTXMarketAxess Holdings Inc.	0.17%	230,546	$51M	trimmed−0%	−0.02 pp	29 q
FISFidelity National Information Services, Inc.	0.16%	664,532	$50M	trimmed−1%	−0.04 pp	13 q
MAMastercard Incorporated	0.16%	170,350	$48M	trimmed−0%	−0.01 pp	38 q
UTZUtz Brands, Inc.	0.16%	3,350,000	$51M	held	—	10 q
COLDAmericold Realty Trust, Inc.	0.15%	1,848,636	$45M	held	—	19 q
BXBlackstone Inc.	0.15%	567,723	$48M	added+1%	−0.01 pp	3 q
EWCZEuropean Wax Center, Inc. Class A	0.15%	2,590,400	$48M	added+12%	+0.02 pp	5 q
GDYNGrid Dynamics Holdings, Inc. Class A	0.15%	2,550,000	$48M	added+42%	+0.05 pp	11 q
JDJD.com, Inc.	0.15%	910,119	$46M	trimmed−8%	−0.05 pp	4 q
JBTMJBT Marel Corporation	0.15%	550,000	$47M	held	—	23 q
DNUTKrispy Kreme, Inc.	0.15%	4,046,476	$47M	added+46%	+0.03 pp	5 q
RVNCRevance Therapeutics, Inc.	0.15%	1,720,508	$46M	added+2%	+0.08 pp	15 q
ZLABZai Lab Limited	0.15%	1,375,817	$47M	trimmed−20%	−0.04 pp	19 q
AEISAdvanced Energy Industries Inc	0.14%	570,048	$44M	held	—	12 q
NETCloudflare, Inc. Class A, par value $0.001 per share	0.14%	764,489	$42M	added+12%	+0.04 pp	13 q
INVHInvitation Homes Inc.	0.14%	1,248,040	$42M	trimmed−9%	−0.02 pp	23 q
NOWServicenow, Inc.	0.14%	114,038	$43M	added0%	−0.03 pp	29 q
AXONAxon Enterprise, Inc.	0.13%	351,800	$41M	held	—	3 q
JLLJones Lang LaSalle, Inc.	0.13%	268,202	$41M	trimmed−18%	−0.05 pp	13 q
KTOSKratos Defense & Security Solutions, Inc.	0.13%	4,112,756	$42M	held	—	11 q
PSAPublic Storage	0.13%	141,224	$41M	trimmed−12%	−0.03 pp	7 q
SHLSShoals Technologies Group, Inc. Class A	0.13%	1,800,000	$39M	trimmed−10%	+0.02 pp	7 q
SILKSilk Road Medical, Inc.	0.13%	872,281	$39M	held	—	14 q
unresolvedVelo3D Inc	0.13%	10,574,829	$42M	added+50%	+0.10 pp	5 q
STNEStoneCo Ltd. Class A	0.13%	4,065,922	$39M	trimmed−18%	+0.01 pp	16 q
GTLBGitLab Inc. Class A	0.12%	697,948	$36M	added+2%	0.00 pp	4 q
MGMMgm Resorts International	0.12%	1,205,224	$36M	trimmed−27%	−0.03 pp	5 q
NVEINuvei Corporation Subordinate Voting Shares	0.12%	1,418,008	$38M	added+4%	−0.04 pp	4 q
SPTSprout Social, Inc Class A	0.12%	600,000	$36M	added+20%	+0.03 pp	2 q
BASECouchbase, Inc.	0.11%	2,321,535	$33M	added+15%	0.00 pp	5 q
DHDefinitive Healthcare Corp. Class A	0.11%	2,205,235	$34M	added+5%	−0.04 pp	5 q
GFIGold Fields Ltd	0.11%	4,374,870	$35M	trimmed−10%	−0.03 pp	3 q
INDIindie Semiconductor, Inc. Class A	0.11%	4,722,869	$35M	added+11%	+0.03 pp	6 q
QLYSQualys, Inc.	0.11%	245,300	$34M	held	—	35 q
TFXTeleflex Incorporated	0.11%	161,431	$33M	trimmed−34%	−0.08 pp	26 q
TSTenaris S. A.	0.11%	1,353,831	$35M	trimmed−26%	−0.04 pp	3 q
WEXWEX Inc.	0.11%	275,300	$35M	held	—	38 q
CLVTClarivate Plc	0.11%	3,554,603	$33M	added+21%	−0.02 pp	14 q
WTWWillis Towers Watson Public Limited Company	0.11%	173,623	$35M	added+2%	0.00 pp	27 q
ETWOWE2OPEN Parent Ho -CW25	0.10%	4,886,792	$30M	held	—	6 q
FRCBFirst Republic Bk CA	0.10%	248,032	$32M	held	—	38 q
GHGuardant Health, Inc.	0.10%	584,050	$31M	trimmed−1%	+0.02 pp	16 q
HEI.AHeico Corp Cl A	0.10%	257,611	$30M	added0%	+0.01 pp	19 q
ISRGIntuitive Surgical Inc.	0.10%	159,091	$30M	added+7%	0.00 pp	24 q
LBRDKLiberty Broadband Corporation Class C	0.10%	431,501	$32M	trimmed−4%	−0.07 pp	32 q
MSGSMadison Square Garden Sports Corp.	0.10%	225,000	$31M	held	—	28 q
PARPAR Technology Corp.	0.10%	1,029,597	$30M	trimmed−6%	−0.03 pp	17 q
POOLPool Corporation	0.10%	96,187	$31M	added+48%	+0.03 pp	12 q
VVISA Inc.	0.10%	172,569	$31M	trimmed−0%	−0.01 pp	38 q
ALKTAlkami Technology, Inc.	0.09%	1,782,345	$27M	trimmed−8%	0.00 pp	6 q
CDNACareDx, Inc.	0.09%	1,621,839	$28M	added+56%	+0.02 pp	18 q
FBINFortune Brands Innovations, Inc.	0.09%	526,118	$28M	added+3%	−0.01 pp	10 q
JBI/WSJanus Parent Inc -CW26	0.09%	3,000,000	$27M	held	—	6 q
TROWT Rowe Price Group Inc	0.09%	269,298	$28M	held	—	38 q
RPAYRepay Holdings Corporation Class A	0.09%	3,915,000	$28M	added+3%	−0.07 pp	12 q
VMCVulcan Materials Company(Holding Company)	0.09%	178,515	$28M	trimmed−21%	−0.01 pp	15 q
DLODLocal Limited Class A	0.09%	1,306,130	$27M	added+25%	0.00 pp	6 q
XPXP Inc. Class A	0.09%	1,479,733	$28M	trimmed−20%	−0.02 pp	12 q
WIXWIX.com Ltd.	0.09%	374,961	$29M	trimmed−59%	−0.10 pp	24 q
GOOGLAlphabet Inc. Class A	0.08%	273,084	$26M	trimmed−9%	−0.03 pp	29 q
AMHAmerican Homes 4 Rent	0.08%	798,031	$26M	added+4%	−0.01 pp	22 q
ELSEquity Lifestyle Properties, Inc.	0.08%	371,856	$23M	trimmed−29%	−0.04 pp	19 q
VMRKVivmark Residential	0.08%	377,403	$25M	trimmed−40%	−0.07 pp	23 q
HLMNHillman Solutions Corp.	0.08%	3,250,000	$25M	held	—	5 q
HUBSHubspot, Inc.	0.08%	87,435	$24M	trimmed−18%	−0.02 pp	7 q
INGNInogen Inc	0.08%	956,644	$23M	held	—	13 q
LSXMKLiberty Media Cor-siriusxm C	0.08%	625,000	$24M	held	—	17 q
LOWLowe's Companies Inc.	0.08%	128,789	$24M	trimmed−37%	−0.04 pp	16 q
ONTOnterris, Inc.	0.08%	761,137	$26M	held	—	9 q
NEOGNeogen Corp	0.08%	1,708,134	$24M	added0%	−0.05 pp	38 q
PINGPing Identity Holding Corp	0.08%	837,781	$24M	held	—	13 q
TXRHTexas Roadhouse, Inc.	0.08%	276,478	$24M	added×4.5	+0.07 pp	2 q
TOLToll Brothers, Inc.	0.08%	553,577	$23M	added+12%	+0.01 pp	10 q
ZSZscaler, Inc.	0.08%	142,665	$23M	added0%	+0.01 pp	19 q
ESNTEssent Group LTD	0.08%	728,982	$25M	held	—	25 q
BILLBILL Holdings, Inc.	0.07%	175,269	$23M	added+2%	+0.01 pp	12 q
DHID.R. Horton Inc.	0.07%	310,836	$21M	added+37%	+0.02 pp	16 q
DTDynatrace, Inc.	0.07%	596,793	$21M	held	—	13 q
GDSGDS Holdings Limited	0.07%	1,216,383	$21M	trimmed−1%	−0.06 pp	19 q
JBIJanus International Group, Inc.	0.07%	2,500,000	$22M	added+11%	0.00 pp	6 q
LENLennar Corporation Class A	0.07%	301,870	$23M	trimmed−17%	−0.01 pp	16 q
MCMoelis & Company	0.07%	608,975	$21M	trimmed−2%	−0.01 pp	34 q
XYZBlock, Inc.	0.07%	378,586	$21M	added+6%	0.00 pp	10 q
TWTradeweb Markets Inc. Class A	0.07%	391,270	$22M	added+3%	−0.01 pp	14 q
VRNSVaronis Systems, Inc.	0.07%	850,788	$23M	held	—	14 q
GLOBGlobant S.a.	0.07%	114,224	$21M	added+1%	+0.01 pp	26 q
ASMLASML Holding NV	0.07%	53,516	$22M	added+10%	0.00 pp	37 q
AZNNAstrazeneca Plc-spons ADR	0.06%	336,871	$18M	added+3%	−0.01 pp	18 q
BVBrightView Holdings, Inc.	0.06%	2,401,614	$19M	trimmed−2%	−0.03 pp	16 q
HEIHEICO Corporation	0.06%	125,993	$18M	held	—	18 q
LM05Liberty Media Corp-liberty-a	0.06%	341,459	$18M	held	—	26 q
LFUSLittelfuse Inc	0.06%	98,775	$20M	held	—	27 q
unresolvedLufax Holding Ltd	0.06%	7,808,671	$20M	added+36%	−0.05 pp	2 q
NVTSNavitas Semiconductor Corporation	0.06%	3,745,471	$18M	added+45%	+0.03 pp	4 q
NTSTNetSTREIT Corp.	0.06%	1,054,626	$19M	added×11.0	+0.05 pp	2 q
SDGRSchrodinger, Inc.	0.06%	707,804	$18M	trimmed−3%	0.00 pp	11 q
SMARSmartsheet Inc.	0.06%	515,743	$18M	new	+0.06 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.06%	39,534	$20M	held	—	19 q
unresolvedAtlassian Corp Plc	0.06%	94,266	$20M	added+71%	+0.03 pp	6 q
ALGMAllegro MicroSystems, Inc.	0.05%	778,795	$17M	held	—	8 q
AVBAvalonBay Communities, Inc.	0.05%	91,435	$17M	trimmed−53%	−0.07 pp	5 q
EWEdwards Lifesciences Corp	0.05%	194,935	$16M	added+2%	−0.01 pp	38 q
EAElectronic Arts Inc	0.05%	140,589	$16M	trimmed−0%	0.00 pp	23 q
ETWOE2open Parent Holdings, Inc.	0.05%	2,501,844	$15M	trimmed−13%	−0.02 pp	7 q
NARIInari Medical, Inc.	0.05%	214,687	$16M	trimmed−10%	0.00 pp	10 q
LPLALPL Financial Holdings Inc.	0.05%	68,692	$15M	added+45%	+0.02 pp	4 q
MXCTMaxCyte, Inc.	0.05%	2,267,949	$15M	trimmed−5%	+0.01 pp	5 q
WOOFPetco Health and Wellness Company, Inc. Class A	0.05%	1,315,228	$15M	trimmed−34%	−0.04 pp	7 q
SWAVShockwave Medical, Inc.	0.05%	58,405	$16M	trimmed−38%	−0.01 pp	10 q
VRAYQViewray Inc	0.05%	4,400,929	$16M	held	—	16 q
NVMINova Ltd.	0.05%	191,563	$16M	held	—	16 q
ACVAACV Auctions Inc.	0.04%	1,578,721	$11M	held	—	7 q
ACMRACM Research, Inc. Class A	0.04%	1,109,333	$14M	trimmed−10%	−0.03 pp	7 q
ARWRArrowhead Research Corporation	0.04%	338,792	$11M	trimmed−0%	0.00 pp	16 q
BNTXBioNTech SE	0.04%	92,095	$12M	added+23%	0.00 pp	8 q
DKNGDraftKings Inc. Class A	0.04%	875,000	$13M	held	—	10 q
0C3Endeavor Group Hold-class A	0.04%	674,931	$14M	trimmed−0%	0.00 pp	6 q
NOVTNovanta Inc.	0.04%	96,845	$11M	held	—	22 q
unresolvedRxr Acquisition Corp	0.04%	1,317,090	$13M	held	—	7 q
SMRTSmartRent, Inc.	0.04%	5,465,034	$12M	added0%	−0.04 pp	5 q
VCYTVeracyte, Inc.	0.04%	776,807	$13M	held	—	14 q
ESTAEstablishment Labs Holdings Inc.	0.04%	214,300	$12M	held	—	6 q
unresolvedFifth Wall Acquisitn Corp II	0.04%	1,250,000	$12M	held	—	6 q
ICHRIchor Holdings	0.04%	531,384	$13M	held	—	24 q
FVRRFiverr International Ltd.	0.04%	388,246	$12M	added+2%	0.00 pp	14 q
AZEKThe AZEK Company Inc.	0.03%	500,000	$8M	trimmed−57%	−0.03 pp	10 q
CERSCerus Corp	0.03%	2,212,952	$8M	held	—	32 q
DNLIDenali Therapeutics Inc.	0.03%	274,862	$8M	trimmed−0%	0.00 pp	20 q
EXRExtra Space Storage, Inc.	0.03%	48,111	$8M	added+7%	+0.01 pp	2 q
METAMeta Platforms, Inc. Class A	0.03%	62,404	$8M	added0%	0.00 pp	38 q
unresolvedForgerock Inc	0.03%	708,644	$10M	held	—	5 q
unresolvedHolley Inc	0.03%	2,500,000	$10M	held	—	3 q
unresolvedInnovid Corp	0.03%	3,087,657	$8M	trimmed−27%	+0.01 pp	4 q
LLYEli Lilly & Co.	0.03%	32,892	$11M	added+3%	0.00 pp	2 q
MPWRMonolithic Power Systems, Inc.	0.03%	26,722	$10M	added×3.2	+0.02 pp	6 q
SGSweetgreen, Inc.	0.03%	496,087	$9M	trimmed−69%	−0.03 pp	4 q
TTWOTake-Two Interactive Software Inc	0.03%	90,042	$10M	trimmed−0%	−0.01 pp	22 q
TXG10x Genomics, Inc. Class A	0.03%	315,279	$9M	trimmed−22%	−0.03 pp	13 q
TMOThermo Fisher Scientific, Inc.	0.03%	20,910	$11M	trimmed−5%	−0.01 pp	13 q
WDAYWorkday, Inc. Class A	0.03%	68,854	$10M	added+5%	0.00 pp	7 q
CDROCodere Online Luxembourg, S.A.	0.03%	4,037,000	$10M	held	—	4 q
ABBVAbbvie Inc.	0.02%	48,100	$6M	added+8%	0.00 pp	3 q
AMDAdvanced Micro Devices	0.02%	86,722	$5M	trimmed−9%	0.00 pp	3 q
AAgilent Technologies Inc.	0.02%	51,088	$6M	added0%	0.00 pp	38 q
ABNBAirbnb, Inc. Class A	0.02%	65,300	$7M	added+8%	0.00 pp	2 q
AATAmerican Assets Trust, Inc.	0.02%	228,500	$6M	held	—	38 q
ELVElevance Health, Inc.	0.02%	11,600	$5M	new	+0.02 pp	new
unresolvedAzul Sa-adr	0.02%	711,258	$6M	added+7%	0.00 pp	3 q
BAHBooz Allen Hamilton Holding Corporation	0.02%	77,400	$7M	held	—	2 q
DLRDigital Realty Trust, Inc.	0.02%	63,475	$6M	trimmed−79%	−0.11 pp	11 q
DREDuke Realty Corp.	0.02%	124,277	$6M	trimmed−16%	−0.01 pp	19 q
ENTGEntegris Inc	0.02%	56,295	$5M	added+41%	+0.01 pp	2 q
GMABGenmab A/S	0.02%	192,693	$6M	trimmed−7%	0.00 pp	8 q
HGVHilton Grand Vacations Inc.	0.02%	198,508	$7M	trimmed−62%	−0.04 pp	23 q
HDHome Depot, Inc.	0.02%	24,699	$7M	trimmed−54%	−0.03 pp	36 q
HUMHumana Inc.	0.02%	15,150	$7M	added+81%	+0.01 pp	17 q
LBRDALiberty Broadband Corporation Class A	0.02%	75,000	$6M	held	—	32 q
SPHRSphere Entertainment Co.	0.02%	150,000	$7M	held	—	10 q
MANHManhattan Associates Inc	0.02%	39,599	$5M	held	—	33 q
MCKMcKesson Corporation	0.02%	19,600	$7M	held	—	4 q
75ZSoho House & Co Inc	0.02%	1,000,000	$5M	trimmed−3%	0.00 pp	5 q
MRKMerck & Co., Inc.	0.02%	54,500	$5M	added+15%	+0.01 pp	3 q
NDSNNordson Corp	0.02%	23,000	$5M	held	—	2 q
PEGAPegasystems Inc	0.02%	165,667	$5M	trimmed−83%	−0.13 pp	38 q
RHIRobert Half Inc.	0.02%	75,678	$6M	held	—	38 q
VRTXVertex Pharmaceuticals Inc	0.02%	16,600	$5M	held	—	2 q
WRBYWarby Parker Inc.	0.02%	483,118	$6M	trimmed−13%	0.00 pp	5 q
STVNStevanato Group S.p.A.	0.02%	304,151	$5M	trimmed−12%	0.00 pp	4 q
ABTAbbott Laboratories	0.01%	36,662	$4M	held	—	16 q
AIYActivision Blizzard Inc	0.01%	25,135	$2M	held	—	19 q
AEMAgnico Eagle Mines Ltd.	0.01%	98,668	$4M	held	—	3 q
ALGNAlign Technology Inc	0.01%	13,319	$3M	trimmed−8%	0.00 pp	38 q
ALNYAlnylam Pharmaceuticals, Inc.	0.01%	10,400	$2M	new	+0.01 pp	new
APPApplovin Corporation Class A	0.01%	94,047	$2M	held	—	6 q
AVLRAvalara, Inc.	0.01%	18,719	$2M	trimmed−95%	−0.08 pp	7 q
BMYBristol-Myers Squibb Co.	0.01%	40,000	$3M	trimmed−34%	−0.01 pp	2 q
AZTAAzenta, Inc.	0.01%	93,000	$4M	trimmed−46%	−0.03 pp	5 q
CMECME Group Inc.	0.01%	11,560	$2M	added+3%	0.00 pp	38 q
KMXCarMax Inc.	0.01%	55,190	$4M	trimmed−3%	−0.01 pp	38 q
CERTCertara, Inc.	0.01%	176,400	$2M	held	—	8 q
CCICrown Castle Inc.	0.01%	25,717	$4M	added+53%	0.00 pp	19 q
DHRDanaher Corporation	0.01%	13,628	$4M	added×2.2	0.00 pp	19 q
DKSDick's Sporting Goods, Inc.	0.01%	43,320	$5M	held	—	3 q
ENVEnvestnet, Inc.	0.01%	44,412	$2M	held	—	36 q
HDBHDFC Bank Limited	0.01%	72,341	$4M	added+29%	0.00 pp	4 q
HLLYHolley Inc.	0.01%	1,000,000	$4M	trimmed−49%	−0.06 pp	5 q
unresolvedInnovid Corp	0.01%	1,007,432	$3M	held	—	4 q
INTUIntuit Inc	0.01%	8,876	$3M	added+2%	0.00 pp	11 q
JAMFJamf Holding Corp.	0.01%	175,000	$4M	held	—	9 q
LYVLive Nation Entertainment Inc.	0.01%	27,456	$2M	trimmed−21%	0.00 pp	4 q
unresolvedMarkforged Holding Corp	0.01%	1,845,074	$4M	held	—	5 q
MIRMirion Technologies, Inc.	0.01%	558,304	$4M	trimmed−53%	−0.01 pp	4 q
MRNAModerna, Inc.	0.01%	17,000	$2M	added+45%	0.00 pp	2 q
MCOMoody's Corporation	0.01%	7,116	$2M	trimmed−1%	0.00 pp	18 q
NICENICE Ltd	0.01%	15,600	$3M	held	—	4 q
SPGIS&P Global Inc.	0.01%	10,640	$3M	held	—	19 q
SIENSientra, Inc.	0.01%	2,578,364	$2M	held	—	27 q
SPGSimon Property Group, Inc.	0.01%	17,674	$2M	new	+0.01 pp	new
SUISun Communities, Inc	0.01%	27,111	$4M	trimmed−27%	−0.01 pp	17 q
unresolvedTishman Speyer Innovation Co	0.01%	381,620	$4M	held	—	7 q
TWLOTwilio Inc.	0.01%	33,684	$2M	trimmed−91%	−0.09 pp	14 q
ZTSZoetis Inc.	0.01%	25,185	$4M	trimmed−13%	−0.01 pp	12 q
ACNAccenture PLC	0.01%	12,353	$3M	added+1%	0.00 pp	19 q
BIPBrookfield Infrastructure Partners L.P.	0.01%	117,381	$4M	new	+0.01 pp	new
MANUManchester United PLC	0.01%	187,056	$2M	trimmed−88%	−0.05 pp	38 q
KRNTKornit Digital Ltd.	0.01%	124,594	$3M	held	—	27 q
SMWBSimilarweb Ltd.	0.01%	539,899	$3M	trimmed−27%	−0.01 pp	6 q
TBLATaboola.com Ltd.	0.01%	2,178,242	$4M	held	—	6 q
unresolvedTaboola.com Ltd	0.01%	1,473,053	$3M	held	—	6 q
ADBEAdobe Inc.	0.00%	1,564	$430,000	trimmed−98%	−0.08 pp	20 q
ALXAlexander's Inc.	0.00%	5,000	$1M	held	—	38 q
AAPLApple Inc.	0.00%	740	$102,000	new	0.00 pp	new
APAMArtisan Partners Asset Management Inc.	0.00%	3,199	$86,000	held	—	38 q
ASNDAscendis Pharma A/S	0.00%	7,500	$774,000	new	0.00 pp	new
BRK.ABerkshire Hathaway Inc.	0.00%	1	$406,000	held	—	25 q
BLQADBlackrock Inc	0.00%	1,800	$991,000	trimmed−18%	0.00 pp	19 q
BRZEBraze, Inc. Class A	0.00%	9,729	$339,000	added+9%	0.00 pp	4 q
AVGOBroadcom Inc.	0.00%	128	$57,000	added+6%	0.00 pp	3 q
CYHCommunity Health Systems, Inc.	0.00%	100	$0	held	—	38 q
COSTCostco Wholesale Corp	0.00%	2,305	$1M	held	—	19 q
CYTKCytokinetics Inc.	0.00%	28,000	$1M	held	—	4 q
EFXEquifax, Incorporated	0.00%	6,000	$1M	trimmed−12%	0.00 pp	3 q
EXFYExpensify, Inc. Class A	0.00%	16,000	$238,000	added+14%	0.00 pp	4 q
FASTFastenal Co	0.00%	5,110	$235,000	held	—	38 q
FISVFiserv, Inc.	0.00%	2,000	$187,000	new	0.00 pp	new
GPNGlobal Payments, Inc.	0.00%	6,000	$648,000	held	—	11 q
GSGoldman Sachs Group Inc.	0.00%	800	$234,000	held	—	25 q
JKHYHenry (Jack) & Associates	0.00%	3,700	$674,000	held	—	11 q
PODDInsulet Corporation	0.00%	5,615	$1M	trimmed−27%	−0.01 pp	17 q
NTLAIntellia Therapeutics, Inc	0.00%	16,200	$907,000	new	0.00 pp	new
IWMiShares Russell 2000 ETF	0.00%	975	$161,000	new	0.00 pp	new
JEFJefferies Financial Group Inc.	0.00%	11,200	$330,000	held	—	4 q
LRCXLam Research Corp	0.00%	117	$43,000	added+5%	0.00 pp	3 q
ELThe Estee Lauder Companies Inc. Class A	0.00%	1,829	$395,000	added+8%	0.00 pp	19 q
MRVLMarvell Technology, Inc.	0.00%	449	$19,000	held	—	3 q
MDBMongoDB, Inc. Class A	0.00%	4,469	$887,000	trimmed−91%	−0.04 pp	3 q
NCNOnCino, Inc.	0.00%	13,000	$443,000	trimmed−7%	0.00 pp	9 q
OKTAOkta, Inc. Class A	0.00%	10,425	$593,000	trimmed−92%	−0.04 pp	22 q
OZONOzon Holdings PLC	0.00%	2,164,595	$433,000	held	—	8 q
PCTYPaylocity Holding Corporation	0.00%	5,457	$1M	held	—	12 q
PAYPaymentus Holdings, Inc.	0.00%	18,000	$175,000	held	—	6 q
PGProcter & Gamble Company	0.00%	1,796	$227,000	held	—	25 q
PGRProgressive Corporation	0.00%	6,300	$732,000	added+5%	0.00 pp	2 q
QCOMQualcomm Inc	0.00%	4,000	$452,000	held	—	25 q
RGENRepligen Corp	0.00%	6,800	$1M	new	0.00 pp	new
RCKTRocket Pharmaceuticals, Inc.	0.00%	20,000	$319,000	new	0.00 pp	new
SMTISanara MedTech Inc.	0.00%	864	$26,000	new	0.00 pp	new
SESea Limited	0.00%	17,807	$998,000	trimmed−30%	−0.01 pp	7 q
SEERSeer, Inc. Class A	0.00%	5,463	$42,000	held	—	8 q
SJMThe J.M. Smucker Company	0.00%	251	$34,000	held	—	25 q
SFIXStitch Fix, Inc. Class A	0.00%	65	$0	held	—	8 q
SHOSunstone Hotel Investors, Inc.	0.00%	150,310	$1M	trimmed−53%	−0.01 pp	2 q
TXNTexas Instruments Incorporated	0.00%	6,141	$951,000	added+3%	0.00 pp	19 q
TTCToro Company (The)	0.00%	15,220	$1M	added+30%	0.00 pp	21 q
TRIPTripAdvisor, Inc.	0.00%	62,026	$1M	trimmed−36%	−0.01 pp	7 q
WELLWelltower Inc.	0.00%	21,815	$1M	trimmed−44%	−0.01 pp	3 q
XENEXenon Pharmaceuticals Inc	0.00%	27,500	$993,000	added+25%	0.00 pp	4 q
unresolvedBrookfield Asset Mgmt Reins	0.00%	15	$1,000	trimmed−96%	0.00 pp	6 q
CINTCI&T Inc	0.00%	35,000	$329,000	held	—	4 q
unresolvedIon Acquisition Corp 3 Ltd	0.00%	151,660	$1M	held	—	6 q
ONONOn Holding AG	0.00%	30,347	$487,000	trimmed−92%	−0.02 pp	3 q
0VQJLTe Connectivity Ltd	0.00%	6,472	$714,000	added+5%	0.00 pp	19 q
NBISNebius Group N.V. Class A	0.00%	935,331	$346,000	held	—	27 q
AZPNAspen Technology Inc	—	−580,685	—	exited	−0.34 pp	—
VTRVentas, Inc.	—	−612,604	—	exited	−0.10 pp	—
KRGKite Realty Group Trust	—	−813,647	—	exited	−0.05 pp	—
NXDRNextdoor Holdings, Inc.	—	−2,448,932	—	exited	−0.03 pp	—
BPY-UCADBrookfield Property Partners	—	−206,906	—	exited	−0.03 pp	—
NVONovo-Nordisk A/S	—	−53,100	—	exited	−0.02 pp	—
TNDMTandem Diabetes Care, Inc.	—	−121,615	—	exited	−0.02 pp	—
FGAAmerican Campus Communities	—	−27,559	—	exited	−0.01 pp	—
CPTCamden Property Trust	—	−27,199	—	exited	−0.01 pp	—
NXRTNexPoint Residential Trust Inc	—	−60,825	—	exited	−0.01 pp	—
PEBPebblebrook Hotel Trust	—	−213,390	—	exited	−0.01 pp	—
QQQInvesco QQQ Trust, Series 1	—	−449	—	exited	0.00 pp	—
MQMarqeta, Inc. Class A	—	−25,000	—	exited	0.00 pp	—
RPTRpt Realty	—	−68,512	—	exited	0.00 pp	—
unresolvedDiversey Hldgs Ltd	—	−116,166	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 17 unresolved
Accession: 0001567619-22-019904
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 26142R104 not on the Official 13(f) List for 2022-09-30
A security outside the official 13F list — CUSIP 47103N114 not on the Official 13(f) List for 2022-09-30

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