Baron Capital

Q2 2023 13F · by Ron Baron, CEO

As of: Jun 30, 2023
Filed: Aug 14, 2023
US stock: $36.1B · prev $33.3B
Positions: 343 · prev 360
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

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

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves315 since the prior filing

+2.6 pp in · −2.7 pp out

New 10 +0.12 pp
Added 166 +2.44 pp
Trimmed 112 −2.35 pp
Exited 27 −0.32 pp

The book

Focused · behaves like 32 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.2% a year, about 13.9 years per position

Low
Moderate
High

Top 5 positions30% of US stock

Positions343 in this filing · 27 exited


TSLATesla, Inc.	12.83%	17,696,813	$4.6B	added+1%	+1.86 pp	38 q
CSGPCoStar Group Inc	4.71%	19,105,103	$1.7B	added+1%	+0.79 pp	41 q
ITGartner, Inc.	4.58%	4,719,596	$1.7B	trimmed−2%	−0.11 pp	41 q
ACGLArch Capital Group Ltd	4.41%	21,296,800	$1.6B	added0%	+0.07 pp	41 q
IDXXIdexx Laboratories Inc	3.31%	2,376,632	$1.2B	added+1%	−0.23 pp	41 q
MTNVail Resorts, Inc.	3.26%	4,669,584	$1.2B	added+1%	+0.01 pp	41 q
FDSFactset Research Systems	3.04%	2,742,734	$1.1B	added+2%	−0.32 pp	41 q
MSCIMSCI, Inc.	2.92%	2,244,921	$1.1B	added+3%	−0.73 pp	41 q
IRDMIridium Communications Inc.	2.50%	14,524,499	$902M	added+1%	−0.18 pp	37 q
KNSLKinsale Capital Group, Inc.	2.13%	2,056,000	$769M	trimmed−1%	+0.26 pp	27 q
AKXAnsys Inc	1.82%	1,990,943	$658M	added+1%	−0.14 pp	41 q
HHyatt Hotels Corporation	1.69%	5,323,422	$610M	added+3%	−0.04 pp	41 q
CHHChoice Hotels Intnl.	1.51%	4,626,376	$544M	added+1%	−0.10 pp	41 q
GWREGuidewire Software, Inc.	1.31%	6,201,987	$472M	added+2%	−0.19 pp	41 q
SCHWThe Charles Schwab Corporation	1.26%	8,059,887	$457M	added+6%	+0.06 pp	41 q
TECHBio-Techne Corp.	1.22%	5,380,474	$439M	added0%	+0.02 pp	35 q
MTDMettler-Toledo International	1.22%	334,850	$439M	trimmed−0%	−0.32 pp	41 q
RRRRed Rock Resorts, Inc. Class A	1.15%	8,894,122	$416M	added+5%	+0.02 pp	29 q
GLPIGaming and Leisure Properties, Inc.	1.13%	8,424,736	$408M	trimmed−1%	−0.19 pp	39 q
WSTWest Pharmaceutical Services, Inc.	1.12%	1,060,566	$406M	trimmed−0%	+0.01 pp	41 q
PRIPrimerica, Inc.	1.07%	1,946,695	$385M	trimmed−0%	+0.06 pp	41 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.02%	3,643,440	$368M	trimmed−15%	−0.18 pp	41 q
VACMarriott Vacations Worldwide Corporation	0.97%	2,854,961	$350M	added+3%	−0.16 pp	41 q
VRSKVerisk Analytics, Inc.	0.84%	1,344,770	$304M	added+3%	+0.09 pp	41 q
FNDFloor & Decor Holdings, Inc.	0.71%	2,459,086	$256M	trimmed−5%	−0.05 pp	25 q
ICLRIcon Plc	0.68%	987,765	$247M	trimmed−0%	+0.05 pp	41 q
MORNMorningstar, Inc.	0.67%	1,228,417	$241M	added+9%	−0.02 pp	41 q
SITESiteOne Landscape Supply, Inc.	0.67%	1,450,722	$243M	trimmed−2%	+0.06 pp	29 q
DAYDayforce, Inc.	0.65%	3,511,582	$235M	added+1%	−0.11 pp	21 q
NVDANvidia Corp	0.64%	546,226	$231M	added+1%	+0.19 pp	20 q
BABAAlibaba Group Holding Limited	0.63%	2,710,165	$226M	added+20%	−0.06 pp	36 q
BFAMBright Horizons Family Solutions Inc.	0.57%	2,215,482	$205M	trimmed−1%	+0.05 pp	41 q
FIGSFIGS, Inc.	0.54%	23,562,124	$195M	added+13%	+0.15 pp	9 q
TREXTrex Company, Inc.	0.52%	2,868,380	$188M	added+5%	+0.12 pp	38 q
VRTVertiv Holdings Co Class A	0.52%	7,650,000	$189M	held	—	14 q
DXCMDexCom, Inc.	0.51%	1,426,990	$183M	trimmed−1%	+0.01 pp	41 q
PENNPENN Entertainment, Inc.	0.49%	7,437,475	$179M	trimmed−3%	−0.19 pp	41 q
EFOREverforth, Inc.	0.46%	2,210,162	$167M	added+4%	−0.07 pp	20 q
GTLSChart Inds Inc	0.46%	1,049,938	$168M	added+4%	+0.08 pp	6 q
MSFTMicrosoft Corp	0.45%	478,672	$163M	trimmed−1%	+0.03 pp	23 q
EQIXEquinix, Inc.	0.44%	200,640	$157M	added+15%	+0.06 pp	34 q
BYDBoyd Gaming Corporation	0.40%	2,095,837	$145M	trimmed−1%	−0.01 pp	26 q
CNSCohen & Steers Inc.	0.40%	2,471,946	$143M	trimmed−13%	−0.15 pp	41 q
TTDThe Trade Desk, Inc.	0.40%	1,861,581	$144M	added+1%	+0.06 pp	27 q
IBPInstalled Building Products, Inc.	0.39%	1,010,775	$142M	added+23%	+0.11 pp	23 q
TOLToll Brothers, Inc.	0.39%	1,772,445	$140M	added+3%	+0.08 pp	13 q
FICOFair Isaac Corporation	0.38%	167,385	$135M	trimmed−0%	+0.03 pp	15 q
ROPRoper Technologies, Inc.	0.38%	283,609	$136M	trimmed−0%	0.00 pp	41 q
VRSNVeriSign Inc	0.38%	614,947	$139M	trimmed−5%	−0.03 pp	41 q
DAVAEndava plc	0.37%	2,606,193	$135M	added+7%	−0.12 pp	20 q
NEOGNeogen Corp	0.37%	6,087,004	$132M	added+21%	+0.09 pp	41 q
AREAlexandria Real Estate Equities, Inc.	0.36%	1,148,733	$130M	trimmed−8%	−0.11 pp	41 q
AMZNAmazon.Com Inc	0.36%	997,948	$130M	added+3%	+0.06 pp	41 q
HLIHoulihan Lokey, Inc.	0.35%	1,299,577	$128M	added0%	+0.01 pp	23 q
SHOPShopify Inc. Class A subordinate voting shares	0.35%	1,948,439	$126M	added+6%	+0.08 pp	15 q
VEEVVeeva Systems Inc.	0.35%	636,395	$126M	trimmed−14%	−0.06 pp	25 q
ALTRAltair Engineering Inc. Class A	0.34%	1,635,507	$124M	held	—	23 q
TRUTransUnion	0.34%	1,582,426	$124M	added0%	+0.05 pp	25 q
SBACSBA Communications Corp	0.32%	498,690	$116M	trimmed−11%	−0.12 pp	27 q
BNBrookfield Corporation	0.31%	3,319,341	$112M	added+4%	0.00 pp	3 q
CPNGCoupang, Inc.	0.31%	6,513,481	$113M	trimmed−0%	0.00 pp	10 q
TDGTransDigm Group Incorporated	0.31%	125,000	$112M	held	—	41 q
CBRECbre Group, Inc.	0.29%	1,275,621	$103M	added+17%	+0.05 pp	41 q
PLDPrologis, Inc.	0.29%	860,738	$106M	trimmed−5%	−0.05 pp	27 q
REXRRexford Industrial Realty, Inc.	0.28%	1,914,542	$100M	added+5%	−0.05 pp	35 q
ARGXargenx SE	0.27%	250,268	$98M	added+1%	−0.01 pp	23 q
unresolvedCooper Cos Inc/The	0.27%	249,816	$96M	trimmed−1%	−0.01 pp	38 q
AZPNAspen Technology Inc	0.26%	560,277	$94M	added+1%	−0.12 pp	4 q
SNOWSnowflake Inc.	0.26%	523,555	$92M	trimmed−1%	+0.02 pp	12 q
AXNXAxonics, Inc.	0.25%	1,802,331	$91M	added+2%	−0.04 pp	14 q
FWONKLiberty Media Corporation Series C Liberty Formula One	0.25%	1,200,000	$90M	held	—	29 q
APHAmphenol Corporation	0.24%	1,005,223	$85M	trimmed−0%	−0.01 pp	17 q
DEIDouglas Emmett, Inc.	0.24%	6,996,199	$88M	trimmed−15%	−0.07 pp	41 q
IEXIDEX Corporation	0.24%	395,995	$85M	added+1%	−0.03 pp	36 q
DNUTKrispy Kreme, Inc.	0.24%	5,781,709	$85M	added+24%	+0.02 pp	8 q
MELIMercado Libre, Inc	0.24%	73,589	$87M	added0%	−0.05 pp	20 q
BAPCredicorp LTD	0.24%	589,547	$87M	added+2%	+0.01 pp	9 q
CAKECheesecake Factory (The)	0.23%	2,414,857	$84M	trimmed−7%	−0.04 pp	41 q
CGNXCognex Corp	0.23%	1,500,000	$84M	held	—	41 q
RBCRBC Bearings Incorporated	0.23%	383,486	$83M	added+9%	−0.02 pp	35 q
CDWCDW Corporation	0.22%	429,537	$79M	trimmed−3%	−0.04 pp	25 q
GTLBGitLab Inc. Class A	0.22%	1,539,458	$79M	added+27%	+0.10 pp	7 q
INSPInspire Medical Systems, Inc.	0.22%	244,736	$79M	trimmed−9%	+0.03 pp	18 q
MGMMgm Resorts International	0.22%	1,830,313	$80M	added+17%	+0.01 pp	8 q
GTMZoomInfo Technologies Inc	0.22%	3,176,070	$81M	added+10%	+0.01 pp	13 q
BWINThe Baldwin Insurance Group, Inc. Class A	0.21%	3,112,000	$77M	trimmed−15%	−0.07 pp	15 q
CRWDCrowdStrike Holdings, Inc. Class A	0.21%	511,870	$75M	trimmed−6%	−0.02 pp	17 q
ILMNIllumina Inc	0.21%	410,743	$77M	trimmed−13%	−0.12 pp	41 q
ROLRollins, Inc.	0.21%	1,804,295	$77M	trimmed−0%	+0.01 pp	28 q
LENLennar Corporation Class A	0.20%	588,191	$74M	added+13%	+0.04 pp	19 q
AVNTAvient Corporation	0.19%	1,700,000	$70M	held	—	15 q
CGThe Carlyle Group Inc.	0.19%	2,144,830	$69M	trimmed−0%	−0.01 pp	9 q
CWANClearwater Analytics Hds-a	0.19%	4,295,675	$68M	added+5%	−0.01 pp	8 q
DRVNDriven Brands Holdings Inc.	0.19%	2,500,000	$68M	added+10%	−0.02 pp	10 q
METAMeta Platforms, Inc. Class A	0.19%	235,791	$68M	added+11%	+0.05 pp	41 q
YMMFull Truck Alliance Co. Ltd.	0.19%	10,920,173	$68M	added+6%	−0.04 pp	7 q
PLNTPlanet Fitness, Inc.	0.19%	1,000,000	$67M	held	—	22 q
BIDUBaidu, Inc.	0.18%	466,720	$64M	added+43%	+0.03 pp	6 q
DDOGDatadog, Inc. Class A	0.18%	677,168	$67M	trimmed−13%	+0.01 pp	16 q
EWCZEuropean Wax Center, Inc. Class A	0.18%	3,483,433	$65M	added+16%	+0.01 pp	8 q
JBTMJBT Marel Corporation	0.18%	525,000	$64M	held	—	26 q
KTOSKratos Defense & Security Solutions, Inc.	0.18%	4,558,203	$65M	trimmed−4%	−0.01 pp	14 q
SSNCSS&C Technologies Inc	0.18%	1,086,577	$66M	trimmed−2%	−0.01 pp	41 q
NOWServicenow, Inc.	0.18%	113,648	$64M	trimmed−0%	+0.02 pp	32 q
SPOTSpotify Technology S.A.	0.18%	400,519	$64M	added+23%	+0.05 pp	21 q
AEISAdvanced Energy Industries Inc	0.17%	550,408	$61M	added+4%	+0.02 pp	15 q
NETCloudflare, Inc. Class A, par value $0.001 per share	0.17%	932,443	$61M	added+5%	+0.01 pp	16 q
WCNWaste Connections, Inc.	0.17%	425,000	$61M	trimmed−6%	−0.02 pp	28 q
DKNGDraftKings Inc. Class A	0.16%	2,183,918	$58M	added+2%	+0.04 pp	13 q
FAFirst Advantage Corporation	0.16%	3,750,000	$58M	trimmed−3%	0.00 pp	9 q
ISRGIntuitive Surgical Inc.	0.16%	167,561	$57M	trimmed−0%	+0.03 pp	27 q
JBIJanus International Group, Inc.	0.16%	5,500,000	$59M	held	—	9 q
MAMastercard Incorporated	0.16%	146,087	$57M	trimmed−4%	−0.01 pp	41 q
YUMCYum China Holdings, Inc.	0.16%	1,046,291	$59M	trimmed−1%	−0.04 pp	12 q
XPXP Inc. Class A	0.16%	2,529,524	$59M	added+43%	+0.10 pp	15 q
BXBlackstone Inc.	0.15%	572,306	$53M	added+13%	+0.02 pp	6 q
DHID.R. Horton Inc.	0.15%	457,305	$56M	added+7%	+0.02 pp	19 q
INDIindie Semiconductor, Inc. Class A	0.15%	5,845,110	$55M	added+6%	−0.03 pp	9 q
JDJD.com, Inc.	0.15%	1,615,887	$55M	added+14%	−0.04 pp	7 q
UTZUtz Brands, Inc.	0.15%	3,250,000	$53M	held	—	13 q
WYNNWynn Resorts Ltd	0.15%	512,537	$54M	added+22%	+0.01 pp	2 q
HQYHealthEquity, Inc	0.14%	800,000	$51M	held	—	36 q
LVSLas Vegas Sands Corp.	0.14%	857,000	$50M	added+11%	+0.01 pp	7 q
MRCYMercury Systems Inc.	0.14%	1,476,636	$51M	trimmed−15%	−0.13 pp	34 q
RGENRepligen Corp	0.14%	359,021	$51M	added+62%	+0.03 pp	4 q
WEXWEX Inc.	0.14%	278,300	$51M	held	—	41 q
AFYAAfya Limited Class A	0.14%	3,626,035	$51M	trimmed−7%	+0.01 pp	16 q
STNEStoneCo Ltd. Class A	0.14%	3,990,429	$51M	added+24%	+0.05 pp	19 q
LOWLowe's Companies Inc.	0.13%	208,792	$47M	added+2%	+0.01 pp	19 q
MKTXMarketAxess Holdings Inc.	0.13%	178,049	$47M	trimmed−7%	−0.09 pp	32 q
PWRQuanta Services, Inc.	0.13%	241,467	$47M	added+11%	+0.02 pp	2 q
SHLSShoals Technologies Group, Inc. Class A	0.13%	1,800,000	$46M	held	—	10 q
SKINSkinHealth Systems Inc. Class A	0.13%	5,818,352	$49M	added+20%	−0.05 pp	9 q
CLVTClarivate Plc	0.13%	5,000,000	$48M	trimmed−0%	−0.01 pp	17 q
AXONAxon Enterprise, Inc.	0.12%	217,960	$43M	added+5%	−0.02 pp	6 q
DLRDigital Realty Trust, Inc.	0.12%	376,936	$43M	added×6.7	+0.10 pp	14 q
HEI.AHeico Corp Cl A	0.12%	315,840	$44M	added+21%	+0.01 pp	22 q
MSGSMadison Square Garden Sports Corp.	0.12%	225,000	$42M	held	—	31 q
ONTOnterris, Inc.	0.12%	1,009,837	$43M	added+6%	+0.02 pp	12 q
PSAPublic Storage	0.12%	150,649	$44M	trimmed−17%	−0.04 pp	10 q
WELLWelltower Inc.	0.12%	551,948	$45M	added+12%	+0.01 pp	6 q
ZLABZai Lab Limited	0.12%	1,512,061	$42M	added+6%	−0.02 pp	22 q
AMTAmerican Tower Corporation	0.11%	199,578	$39M	trimmed−14%	−0.03 pp	41 q
DHDefinitive Healthcare Corp. Class A	0.11%	3,503,924	$39M	added+60%	+0.04 pp	8 q
GFIGold Fields Ltd	0.11%	2,806,181	$39M	trimmed−25%	−0.04 pp	6 q
PARPAR Technology Corp.	0.11%	1,223,308	$40M	added+20%	+0.01 pp	20 q
VVISA Inc.	0.11%	159,998	$38M	trimmed−2%	0.00 pp	41 q
WTWWillis Towers Watson Public Limited Company	0.11%	173,468	$41M	trimmed−0%	−0.01 pp	30 q
CYBRCyberark Software LTD/ISRAEL	0.11%	244,291	$38M	added+19%	+0.02 pp	3 q
ASMLASML Holding NV	0.11%	55,184	$40M	added+1%	0.00 pp	40 q
EGPEastGroup Properties Inc.	0.10%	204,329	$35M	trimmed−5%	−0.01 pp	3 q
EXRExtra Space Storage, Inc.	0.10%	232,925	$35M	trimmed−13%	−0.03 pp	5 q
IBKRInteractive Brokers Group, Inc. Class A	0.10%	416,717	$35M	added×2.0	+0.05 pp	2 q
INVHInvitation Homes Inc.	0.10%	1,071,661	$37M	added+58%	+0.04 pp	26 q
BZKANZHUN LIMITED American Depository Shares	0.10%	2,469,676	$37M	added×2.2	+0.04 pp	2 q
NVTSNavitas Semiconductor Corporation	0.10%	3,596,485	$38M	added+4%	+0.02 pp	7 q
POOLPool Corporation	0.10%	94,753	$35M	added+24%	+0.02 pp	15 q
SPTSprout Social, Inc Class A	0.10%	775,000	$36M	added+11%	−0.03 pp	5 q
COLDAmericold Realty Trust, Inc.	0.09%	1,022,048	$33M	added+15%	+0.01 pp	22 q
BASECouchbase, Inc.	0.09%	2,148,762	$34M	trimmed−9%	−0.01 pp	8 q
ETWOE2open Parent Holdings, Inc.	0.09%	6,000,000	$34M	trimmed−19%	−0.04 pp	10 q
JLLJones Lang LaSalle, Inc.	0.09%	214,168	$33M	trimmed−11%	−0.02 pp	16 q
RIVNRivian Automotive, Inc. Class A	0.09%	2,019,256	$34M	trimmed−32%	−0.05 pp	7 q
GOOGAlphabet Inc. Class C	0.08%	236,967	$29M	trimmed−16%	−0.01 pp	37 q
AMHAmerican Homes 4 Rent	0.08%	820,132	$29M	added+24%	+0.02 pp	25 q
DTDynatrace, Inc.	0.08%	559,568	$29M	added+5%	+0.01 pp	16 q
GDYNGrid Dynamics Holdings, Inc. Class A	0.08%	3,000,000	$28M	held	—	14 q
NARIInari Medical, Inc.	0.08%	471,937	$27M	added+5%	0.00 pp	13 q
LFUSLittelfuse Inc	0.08%	97,332	$28M	held	—	30 q
RPAYRepay Holdings Corporation Class A	0.08%	3,914,000	$31M	trimmed−0%	0.00 pp	15 q
RVNCRevance Therapeutics, Inc.	0.08%	1,122,666	$28M	added+5%	−0.02 pp	18 q
SILKSilk Road Medical, Inc.	0.08%	942,837	$31M	added+20%	−0.01 pp	17 q
SITMSiTime Corporation	0.08%	253,845	$30M	added+24%	−0.01 pp	2 q
XYZBlock, Inc.	0.08%	426,259	$28M	added+2%	−0.01 pp	13 q
TXRHTexas Roadhouse, Inc.	0.08%	253,458	$28M	added+6%	0.00 pp	5 q
ESNTEssent Group LTD	0.08%	651,482	$30M	held	—	28 q
ONONOn Holding AG	0.08%	882,684	$29M	added+99%	+0.04 pp	6 q
ACVAACV Auctions Inc.	0.07%	1,517,726	$26M	added+4%	+0.01 pp	10 q
AMDAdvanced Micro Devices	0.07%	208,118	$24M	added+5%	+0.01 pp	6 q
BILLBILL Holdings, Inc.	0.07%	227,850	$27M	added+11%	+0.02 pp	15 q
BAHBooz Allen Hamilton Holding Corporation	0.07%	225,724	$25M	added×5.8	+0.06 pp	5 q
LPLALPL Financial Holdings Inc.	0.07%	109,083	$24M	added+13%	+0.01 pp	7 q
MCMoelis & Company	0.07%	596,430	$27M	held	—	37 q
TWTradeweb Markets Inc. Class A	0.07%	388,265	$27M	added0%	−0.02 pp	17 q
VRNSVaronis Systems, Inc.	0.07%	972,009	$26M	added+58%	+0.02 pp	17 q
BAMBrookfield Asset Management Ltd.	0.06%	638,593	$21M	trimmed−2%	0.00 pp	3 q
EPAMEpam Systems, Inc.	0.06%	102,439	$23M	trimmed−36%	−0.08 pp	31 q
FBINFortune Brands Innovations, Inc.	0.06%	312,752	$23M	trimmed−4%	0.00 pp	13 q
HEIHEICO Corporation	0.06%	125,993	$22M	held	—	21 q
LSXMKLiberty Media Cor-siriusxm C	0.06%	625,000	$20M	held	—	20 q
LM05Liberty Media Corp-liberty-a	0.06%	295,711	$20M	added+4%	0.00 pp	29 q
unresolvedLufax Holding Ltd	0.06%	15,086,285	$22M	added+75%	+0.01 pp	5 q
TROWT Rowe Price Group Inc	0.06%	197,520	$22M	trimmed−24%	−0.03 pp	41 q
RHRh	0.06%	66,720	$22M	added+27%	+0.02 pp	3 q
SDGRSchrodinger, Inc.	0.06%	400,034	$20M	trimmed−19%	+0.02 pp	14 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.06%	44,056	$21M	added+2%	0.00 pp	22 q
ICHRIchor Holdings	0.06%	544,384	$20M	held	—	27 q
STVNStevanato Group S.p.A.	0.06%	720,755	$23M	added×2.2	+0.03 pp	7 q
ALGMAllegro MicroSystems, Inc.	0.05%	367,795	$17M	trimmed−18%	−0.01 pp	11 q
AZNNAstrazeneca Plc-spons ADR	0.05%	228,887	$16M	added+4%	0.00 pp	21 q
CZRCaesars Entertainment, Inc.	0.05%	347,339	$18M	trimmed−58%	−0.07 pp	2 q
CERTCertara, Inc.	0.05%	929,103	$17M	added+33%	0.00 pp	11 q
HLTHilton Worldwide Holdings Inc.	0.05%	111,857	$16M	trimmed−29%	−0.02 pp	3 q
HLLYHolley Inc.	0.05%	4,500,000	$18M	added×2.3	+0.03 pp	8 q
HUBSHubspot, Inc.	0.05%	32,244	$17M	trimmed−0%	+0.01 pp	10 q
LBRDKLiberty Broadband Corporation Class C	0.05%	215,672	$17M	trimmed−45%	−0.05 pp	35 q
MPWRMonolithic Power Systems, Inc.	0.05%	33,000	$18M	added+1%	0.00 pp	9 q
QLYSQualys, Inc.	0.05%	146,008	$19M	added+5%	0.00 pp	38 q
RCKTRocket Pharmaceuticals, Inc.	0.05%	882,786	$18M	added+4%	+0.01 pp	4 q
SMARSmartsheet Inc.	0.05%	518,882	$20M	added+3%	−0.02 pp	4 q
TRNOTerreno Realty Corporation	0.05%	278,292	$17M	trimmed−26%	−0.02 pp	3 q
VCYTVeracyte, Inc.	0.05%	759,880	$19M	added+5%	0.00 pp	17 q
WDAYWorkday, Inc. Class A	0.05%	85,673	$19M	trimmed−1%	0.00 pp	10 q
WWEWorld Wrestling Entertainment	0.05%	181,412	$20M	new	+0.05 pp	new
ZSZscaler, Inc.	0.05%	128,952	$19M	added+2%	+0.01 pp	22 q
ESTAEstablishment Labs Holdings Inc.	0.05%	258,777	$18M	added+5%	0.00 pp	9 q
MANUManchester United PLC	0.05%	743,358	$18M	added+31%	+0.01 pp	41 q
GLOBGlobant S.a.	0.05%	106,414	$19M	added+1%	0.00 pp	29 q
NVMINova Ltd.	0.05%	148,563	$17M	trimmed−22%	−0.01 pp	19 q
ALKTAlkami Technology, Inc.	0.04%	774,066	$13M	trimmed−27%	0.00 pp	9 q
LLYEli Lilly & Co.	0.04%	34,592	$16M	held	—	5 q
MBLYMobileye Global Inc. Class A	0.04%	405,715	$16M	added+57%	+0.01 pp	3 q
NOVTNovanta Inc.	0.04%	80,959	$15M	added+4%	0.00 pp	25 q
TTWOTake-Two Interactive Software Inc	0.04%	86,711	$13M	added+1%	+0.01 pp	25 q
TSTenaris S. A.	0.04%	470,067	$14M	trimmed−55%	−0.05 pp	6 q
CDROCodere Online Luxembourg, S.A.	0.04%	3,951,034	$15M	trimmed−2%	0.00 pp	7 q
WIXWIX.com Ltd.	0.04%	190,148	$15M	trimmed−11%	−0.02 pp	27 q
unresolvedAbcam Plc ADR	0.03%	429,419	$11M	new	+0.03 pp	new
AVBAvalonBay Communities, Inc.	0.03%	52,825	$10M	added+28%	+0.01 pp	8 q
EAElectronic Arts Inc	0.03%	78,821	$10M	trimmed−20%	−0.01 pp	26 q
JEFJefferies Financial Group Inc.	0.03%	279,528	$9M	added+3%	0.00 pp	7 q
MRVLMarvell Technology, Inc.	0.03%	200,978	$12M	added+7%	+0.01 pp	6 q
MRKMerck & Co., Inc.	0.03%	87,400	$10M	added+16%	+0.01 pp	6 q
SWAVShockwave Medical, Inc.	0.03%	44,080	$13M	trimmed−3%	0.00 pp	13 q
TMOThermo Fisher Scientific, Inc.	0.03%	22,059	$12M	added+3%	−0.01 pp	16 q
unresolvedVelo3D Inc	0.03%	4,337,125	$9M	trimmed−42%	−0.02 pp	8 q
VMCVulcan Materials Company(Holding Company)	0.03%	43,531	$10M	trimmed−16%	0.00 pp	18 q
FVRRFiverr International Ltd.	0.03%	351,070	$9M	trimmed−2%	−0.01 pp	17 q
AAgilent Technologies Inc.	0.02%	57,666	$7M	added+4%	0.00 pp	41 q
ARWRArrowhead Research Corporation	0.02%	156,445	$6M	added+19%	+0.01 pp	19 q
TEAMAtlassian Corporation Class A	0.02%	40,404	$7M	trimmed−0%	0.00 pp	3 q
BNTXBioNTech SE	0.02%	71,225	$8M	trimmed−0%	−0.01 pp	11 q
DKSDick's Sporting Goods, Inc.	0.02%	43,320	$6M	held	—	6 q
VMRKVivmark Residential	0.02%	106,375	$7M	trimmed−14%	0.00 pp	26 q
EXKExact Sciences Corp	0.02%	59,000	$6M	added+69%	+0.01 pp	2 q
GMABGenmab A/S	0.02%	163,945	$6M	trimmed−3%	0.00 pp	11 q
HCAHCA Healthcare, Inc.	0.02%	18,300	$6M	held	—	3 q
HDBHDFC Bank Limited	0.02%	110,284	$8M	added+13%	0.00 pp	7 q
HGVHilton Grand Vacations Inc.	0.02%	169,840	$8M	held	—	26 q
LBRDALiberty Broadband Corporation Class A	0.02%	75,000	$6M	held	—	35 q
MANHManhattan Associates Inc	0.02%	36,399	$7M	held	—	36 q
MRVIMaravai LifeSciences Holdings, Inc. Class A	0.02%	681,169	$8M	added+5%	−0.01 pp	3 q
MUFGMitsubishi UFJ Financial Group, Inc.	0.02%	797,778	$6M	added+47%	+0.01 pp	2 q
RHIRobert Half Inc.	0.02%	75,678	$6M	held	—	41 q
SPGIS&P Global Inc.	0.02%	15,055	$6M	added+28%	+0.01 pp	22 q
SMRTSmartRent, Inc.	0.02%	2,229,415	$9M	held	—	8 q
VTRVentas, Inc.	0.02%	148,082	$7M	added+23%	0.00 pp	3 q
VRTXVertex Pharmaceuticals Inc	0.02%	23,000	$8M	held	—	5 q
ZTSZoetis Inc.	0.02%	31,700	$5M	added+6%	+0.01 pp	15 q
ABTAbbott Laboratories	0.01%	24,362	$3M	held	—	19 q
AIYActivision Blizzard Inc	0.01%	25,135	$2M	held	—	22 q
ADBEAdobe Inc.	0.01%	4,374	$2M	added+38%	+0.01 pp	23 q
AEMAgnico Eagle Mines Ltd.	0.01%	95,758	$5M	trimmed−9%	−0.01 pp	6 q
GOOGLAlphabet Inc. Class A	0.01%	25,975	$3M	trimmed−7%	0.00 pp	32 q
AATAmerican Assets Trust, Inc.	0.01%	228,500	$4M	held	—	41 q
ELVElevance Health, Inc.	0.01%	9,400	$4M	trimmed−25%	−0.01 pp	4 q
APPApplovin Corporation Class A	0.01%	94,047	$2M	held	—	9 q
BSXBoston Scientific Corp.	0.01%	78,000	$4M	new	+0.01 pp	new
1939900DBrookfield Infrastructure-a	0.01%	43,867	$2M	trimmed−18%	0.00 pp	3 q
9213421DBrookfield Renewable Cor-a	0.01%	159,034	$5M	added+36%	0.00 pp	2 q
CMECME Group Inc.	0.01%	16,027	$3M	added+20%	0.00 pp	41 q
KMXCarMax Inc.	0.01%	31,364	$3M	trimmed−0%	0.00 pp	41 q
CERSCerus Corp	0.01%	825,009	$2M	trimmed−63%	−0.01 pp	35 q
COSTCostco Wholesale Corp	0.01%	3,751	$2M	added+11%	0.00 pp	22 q
CUBECubeSmart	0.01%	110,758	$5M	trimmed−23%	−0.01 pp	3 q
DHRDanaher Corporation	0.01%	16,683	$4M	added+2%	0.00 pp	22 q
ENVEnvestnet, Inc.	0.01%	31,643	$2M	trimmed−25%	0.00 pp	39 q
FRFirst Industrial Realty Trust, Inc.	0.01%	76,092	$4M	added+15%	0.00 pp	2 q
HUMHumana Inc.	0.01%	9,250	$4M	trimmed−17%	−0.01 pp	20 q
PODDInsulet Corporation	0.01%	9,565	$3M	held	—	20 q
INTUIntuit Inc	0.01%	10,991	$5M	added+8%	0.00 pp	14 q
IEMGiShares Core MSCI Emerging Markets ETF	0.01%	69,800	$3M	new	+0.01 pp	new
LEGNLegend Biotech Corporation	0.01%	65,700	$5M	added+64%	0.00 pp	3 q
MCKMcKesson Corporation	0.01%	9,800	$4M	held	—	7 q
MCOMoody's Corporation	0.01%	10,099	$4M	added+20%	0.00 pp	21 q
NICENICE Ltd	0.01%	11,035	$2M	added+41%	0.00 pp	7 q
NDSNNordson Corp	0.01%	16,268	$4M	added+41%	0.00 pp	5 q
PEGAPegasystems Inc	0.01%	56,767	$3M	trimmed−2%	0.00 pp	41 q
STEPStepStone Group Inc. Class A	0.01%	113,032	$3M	added+42%	0.00 pp	2 q
SKTTanger Inc.	0.01%	140,025	$3M	new	+0.01 pp	new
TNLTravel + Leisure Co.	0.01%	107,764	$4M	new	+0.01 pp	new
VICIVICI Properties Inc.	0.01%	117,300	$4M	trimmed−28%	−0.01 pp	3 q
WRBYWarby Parker Inc.	0.01%	257,542	$3M	trimmed−11%	0.00 pp	8 q
XENEXenon Pharmaceuticals Inc	0.01%	100,100	$4M	added+37%	0.00 pp	7 q
ACNAccenture PLC	0.01%	15,723	$5M	added+3%	0.00 pp	22 q
TBLATaboola.com Ltd.	0.01%	1,203,004	$4M	trimmed−52%	−0.01 pp	9 q
AEHRAehr Test Systems	0.00%	1,925	$79,406	trimmed−47%	0.00 pp	2 q
ALXAlexander's Inc.	0.00%	5,000	$919,300	held	—	41 q
APOApollo Global Management, Inc.	0.00%	21,500	$2M	added×2.4	0.00 pp	2 q
AAPLApple Inc.	0.00%	674	$130,736	held	—	4 q
ACLXArcellx, Inc.	0.00%	40,000	$1M	new	0.00 pp	new
BRK.ABerkshire Hathaway Inc.	0.00%	1	$517,810	held	—	28 q
BLQADBlackrock Inc	0.00%	2,100	$1M	added+50%	0.00 pp	22 q
AVGOBroadcom Inc.	0.00%	131	$113,633	added+2%	0.00 pp	6 q
CYHCommunity Health Systems, Inc.	0.00%	100	$440	held	—	41 q
CYTKCytokinetics Inc.	0.00%	40,000	$1M	trimmed−17%	−0.01 pp	7 q
DNLIDenali Therapeutics Inc.	0.00%	50,500	$1M	held	—	23 q
EWEdwards Lifesciences Corp	0.00%	9,653	$910,567	held	—	41 q
EFXEquifax, Incorporated	0.00%	3,800	$894,140	added+3%	0.00 pp	6 q
EXFYExpensify, Inc. Class A	0.00%	12,000	$95,760	trimmed−25%	0.00 pp	7 q
FASTFastenal Co	0.00%	5,110	$301,439	held	—	41 q
FISVFiserv, Inc.	0.00%	13,300	$2M	added+21%	0.00 pp	4 q
GPNGlobal Payments, Inc.	0.00%	8,700	$857,124	added+9%	0.00 pp	14 q
GSGoldman Sachs Group Inc.	0.00%	800	$258,032	held	—	28 q
JKHYHenry (Jack) & Associates	0.00%	5,700	$953,781	added+36%	0.00 pp	14 q
HDHome Depot, Inc.	0.00%	2,000	$621,280	held	—	39 q
INBXInhibrx Biosciences, Inc.	0.00%	30,000	$778,800	trimmed−29%	0.00 pp	3 q
unresolvedInnovid Corp	0.00%	358,475	$390,738	trimmed−60%	0.00 pp	7 q
LRCXLam Research Corp	0.00%	169	$108,643	added+17%	0.00 pp	6 q
ELThe Estee Lauder Companies Inc. Class A	0.00%	2,280	$447,746	held	—	22 q
MRNAModerna, Inc.	0.00%	8,600	$1M	trimmed−36%	−0.01 pp	5 q
MDBMongoDB, Inc. Class A	0.00%	2,418	$993,774	trimmed−0%	0.00 pp	6 q
NCNOnCino, Inc.	0.00%	8,000	$240,960	trimmed−11%	0.00 pp	12 q
NFLXNetFlix Inc	0.00%	650	$286,318	added×3.6	0.00 pp	2 q
PCTYPaylocity Holding Corporation	0.00%	5,457	$1M	held	—	15 q
PAYPaymentus Holdings, Inc.	0.00%	14,000	$147,840	trimmed−7%	0.00 pp	9 q
PINSPinterest, Inc. Class A	0.00%	8,192	$223,969	new	0.00 pp	new
PGProcter & Gamble Company	0.00%	1,796	$272,525	held	—	28 q
PGRProgressive Corporation	0.00%	12,500	$2M	added+14%	0.00 pp	5 q
QCOMQualcomm Inc	0.00%	4,000	$476,160	held	—	28 q
SMTISanara MedTech Inc.	0.00%	14,713	$589,991	added+2%	0.00 pp	4 q
SJMThe J.M. Smucker Company	0.00%	251	$37,065	held	—	28 q
SMCISuper Micro Computer, Inc.	0.00%	525	$130,856	new	0.00 pp	new
TXG10x Genomics, Inc. Class A	0.00%	27,626	$2M	added+42%	0.00 pp	16 q
TXNTexas Instruments Incorporated	0.00%	8,432	$2M	held	—	22 q
TTCToro Company (The)	0.00%	13,610	$1M	trimmed−0%	0.00 pp	24 q
VCTRVictory Capital Holdings, Inc. Class A	0.00%	9,187	$289,758	added+80%	0.00 pp	3 q
VTSVitesse Energy, Inc..	0.00%	1,318	$29,523	held	—	2 q
unresolvedBrookfield Reins Ltd	0.00%	2	$68	held	—	3 q
CINTCI&T Inc	0.00%	35,000	$219,450	held	—	7 q
NUNu Holdings Ltd.	0.00%	100,000	$789,000	new	0.00 pp	new
0VQJLTe Connectivity Ltd	0.00%	6,675	$935,568	held	—	22 q
SMWBSimilarweb Ltd.	0.00%	52,958	$347,404	trimmed−1%	0.00 pp	9 q
HLMNHillman Solutions Corp.	—	−2,000,000	—	exited	−0.05 pp	—
VRAYQViewray Inc	—	−5,100,929	—	exited	−0.05 pp	—
0C3Endeavor Group Hold-class A	—	−543,194	—	exited	−0.04 pp	—
unresolvedFifth Wall Acquisitn Corp II	—	−1,250,000	—	exited	−0.04 pp	—
MXCTMaxCyte, Inc.	—	−1,987,904	—	exited	−0.03 pp	—
unresolvedHolley Inc	—	−2,500,000	—	exited	−0.02 pp	—
ABBVAbbvie Inc.	—	−15,000	—	exited	−0.01 pp	—
ASNDAscendis Pharma A/S	—	−35,306	—	exited	−0.01 pp	—
FISFidelity National Information Services, Inc.	—	−56,972	—	exited	−0.01 pp	—
unresolvedInnovid Corp	—	−2,830,000	—	exited	−0.01 pp	—
unresolvedMarkforged Holding Corp	—	−1,845,074	—	exited	−0.01 pp	—
OPCHOption Care Health, Inc.	—	−77,000	—	exited	−0.01 pp	—
unresolvedPrometheus Biosciences Inc	—	−42,750	—	exited	−0.01 pp	—
SUISun Communities, Inc	—	−16,298	—	exited	−0.01 pp	—
unresolvedTaboola.com Ltd	—	−1,473,053	—	exited	−0.01 pp	—
CIThe Cigna Group	—	−6,000	—	exited	0.00 pp	—
CBAYCymabay Therapeutics	—	−44,206	—	exited	0.00 pp	—
ELSEquity Lifestyle Properties, Inc.	—	−11,643	—	exited	0.00 pp	—
GDSGDS Holdings Limited	—	−80,742	—	exited	0.00 pp	—
GHGuardant Health, Inc.	—	−52,319	—	exited	0.00 pp	—
MIRMirion Technologies, Inc.	—	−150,000	—	exited	0.00 pp	—
OKTAOkta, Inc. Class A	—	−8,360	—	exited	0.00 pp	—
OZONOzon Holdings PLC	—	−2,164,595	—	exited	0.00 pp	—
SESea Limited	—	−5,150	—	exited	0.00 pp	—
SHOSunstone Hotel Investors, Inc.	—	−105,049	—	exited	0.00 pp	—
TFXTeleflex Incorporated	—	−5,896	—	exited	0.00 pp	—
NBISNebius Group N.V. Class A	—	−935,331	—	exited	0.00 pp	—