Baron Capital

Q1 2024 13F · by Ron Baron, CEO

As of: Mar 31, 2024
Filed: May 15, 2024
US stock: $37.5B · prev $37.5B
Positions: 332 · prev 330
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%

Moves287 since the prior filing

+3.5 pp in · −3.6 pp out

New 17 +1.05 pp
Added 102 +2.43 pp
Trimmed 153 −3.10 pp
Exited 15 −0.47 pp

The book

Diversified · behaves like 43 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 11% a year, about 8.9 years per position

Low
Moderate
High

Top 5 positions27% of US stock

Positions332 in this filing · 15 exited


TSLATesla, Inc.	8.07%	17,217,795	$3.0B	trimmed−3%	−3.65 pp	41 q
ITGartner, Inc.	5.40%	4,250,733	$2.0B	trimmed−4%	+0.08 pp	44 q
ACGLArch Capital Group Ltd	5.18%	21,024,711	$1.9B	trimmed−1%	+0.97 pp	44 q
CSGPCoStar Group Inc	4.98%	19,337,618	$1.9B	trimmed−0%	+0.47 pp	44 q
MSCIMSCI, Inc.	3.37%	2,254,035	$1.3B	trimmed−1%	−0.06 pp	44 q
FDSFactset Research Systems	3.31%	2,737,284	$1.2B	trimmed−1%	−0.22 pp	44 q
IDXXIdexx Laboratories Inc	3.03%	2,104,951	$1.1B	trimmed−8%	−0.37 pp	44 q
MTNVail Resorts, Inc.	2.85%	4,795,287	$1.1B	trimmed−3%	+0.05 pp	44 q
KNSLKinsale Capital Group, Inc.	2.69%	1,920,920	$1.0B	trimmed−0%	+0.97 pp	30 q
HHyatt Hotels Corporation	2.29%	5,377,052	$858M	trimmed−1%	+0.41 pp	44 q
GWREGuidewire Software, Inc.	1.93%	6,215,742	$725M	trimmed−2%	+0.08 pp	44 q
RRRRed Rock Resorts, Inc. Class A	1.66%	10,409,100	$623M	added0%	+0.19 pp	32 q
AKXAnsys Inc	1.63%	1,756,370	$610M	trimmed−12%	−0.29 pp	44 q
CHHChoice Hotels Intnl.	1.60%	4,754,307	$601M	trimmed−1%	+0.15 pp	44 q
SCHWThe Charles Schwab Corporation	1.43%	7,432,213	$538M	trimmed−9%	−0.06 pp	44 q
PRIPrimerica, Inc.	1.28%	1,904,478	$482M	trimmed−0%	+0.23 pp	44 q
MTDMettler-Toledo International	1.08%	304,583	$405M	trimmed−7%	+0.02 pp	44 q
MORNMorningstar, Inc.	1.08%	1,308,671	$404M	trimmed−1%	+0.07 pp	44 q
NVDANvidia Corp	1.07%	446,166	$403M	trimmed−20%	+0.34 pp	23 q
VRTVertiv Holdings Co Class A	1.06%	4,850,000	$396M	trimmed−28%	+0.20 pp	17 q
GLPIGaming and Leisure Properties, Inc.	1.01%	8,264,702	$381M	trimmed−1%	−0.09 pp	42 q
TECHBio-Techne Corp.	0.94%	4,998,210	$352M	trimmed−7%	−0.16 pp	38 q
WSTWest Pharmaceutical Services, Inc.	0.94%	891,945	$353M	trimmed−11%	0.00 pp	44 q
ICLRIcon Plc	0.87%	969,991	$326M	trimmed−2%	+0.13 pp	44 q
IRDMIridium Communications Inc.	0.83%	11,925,775	$312M	trimmed−15%	−0.71 pp	40 q
VRSKVerisk Analytics, Inc.	0.82%	1,305,629	$308M	trimmed−5%	−0.06 pp	44 q
SITESiteOne Landscape Supply, Inc.	0.70%	1,495,837	$261M	added0%	+0.05 pp	32 q
MSFTMicrosoft Corp	0.66%	586,917	$247M	added+9%	+0.12 pp	26 q
FNDFloor & Decor Holdings, Inc.	0.63%	1,832,533	$238M	trimmed−19%	−0.04 pp	28 q
EFOREverforth, Inc.	0.62%	2,227,200	$233M	held	—	23 q
TOLToll Brothers, Inc.	0.62%	1,793,790	$232M	trimmed−0%	+0.13 pp	16 q
DAYDayforce, Inc.	0.61%	3,439,154	$228M	trimmed−4%	−0.03 pp	24 q
TREXTrex Company, Inc.	0.61%	2,297,372	$229M	trimmed−8%	+0.06 pp	41 q
SPOTSpotify Technology S.A.	0.61%	864,584	$228M	added+28%	+0.27 pp	24 q
IBPInstalled Building Products, Inc.	0.55%	795,178	$206M	trimmed−13%	+0.10 pp	26 q
AMZNAmazon.Com Inc	0.51%	1,065,160	$192M	added+4%	+0.10 pp	44 q
GTLSChart Inds Inc	0.51%	1,170,013	$193M	added+2%	+0.09 pp	9 q
BFAMBright Horizons Family Solutions Inc.	0.50%	1,662,978	$189M	trimmed−3%	+0.07 pp	44 q
FICOFair Isaac Corporation	0.46%	136,818	$171M	trimmed−9%	−0.01 pp	18 q
SHOPShopify Inc. Class A subordinate voting shares	0.45%	2,204,973	$170M	trimmed−0%	−0.01 pp	18 q
CNSCohen & Steers Inc.	0.44%	2,143,035	$165M	trimmed−2%	0.00 pp	44 q
EQIXEquinix, Inc.	0.44%	198,503	$164M	trimmed−16%	−0.07 pp	37 q
HLIHoulihan Lokey, Inc.	0.44%	1,298,140	$166M	trimmed−0%	+0.03 pp	26 q
TTDThe Trade Desk, Inc.	0.44%	1,901,685	$166M	trimmed−1%	+0.07 pp	30 q
AREAlexandria Real Estate Equities, Inc.	0.41%	1,203,016	$155M	trimmed−2%	−0.01 pp	44 q
DNUTKrispy Kreme, Inc.	0.40%	9,734,467	$148M	added+3%	+0.02 pp	11 q
ROPRoper Technologies, Inc.	0.40%	264,763	$148M	trimmed−7%	−0.01 pp	44 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.39%	1,066,264	$145M	trimmed−51%	−0.21 pp	44 q
CPNGCoupang, Inc.	0.38%	7,942,062	$141M	added+10%	+0.07 pp	13 q
METAMeta Platforms, Inc. Class A	0.37%	282,937	$137M	added+9%	+0.12 pp	44 q
BIRKBirkenstock Holding plc	0.37%	2,974,458	$141M	added+1%	−0.01 pp	2 q
DXCMDexCom, Inc.	0.36%	967,983	$134M	trimmed−3%	+0.03 pp	44 q
BYDBoyd Gaming Corporation	0.34%	1,899,344	$128M	added+4%	+0.04 pp	29 q
FIGSFIGS, Inc.	0.34%	25,731,980	$128M	added+2%	−0.13 pp	12 q
TDGTransDigm Group Incorporated	0.33%	100,000	$123M	trimmed−20%	−0.01 pp	44 q
ALTRAltair Engineering Inc. Class A	0.32%	1,385,507	$119M	trimmed−13%	−0.04 pp	26 q
ONONOn Holding AG	0.32%	3,394,195	$120M	trimmed−4%	+0.07 pp	9 q
AZPNAspen Technology Inc	0.31%	539,363	$115M	trimmed−3%	−0.01 pp	7 q
NEOGNeogen Corp	0.31%	7,304,967	$115M	added+10%	−0.04 pp	44 q
PLDPrologis, Inc.	0.31%	901,660	$117M	trimmed−4%	−0.02 pp	30 q
LENLennar Corporation Class A	0.30%	648,867	$112M	added+4%	+0.05 pp	22 q
APHAmphenol Corporation	0.29%	935,817	$108M	trimmed−7%	+0.02 pp	20 q
DKNGDraftKings Inc. Class A	0.29%	2,392,965	$109M	trimmed−0%	+0.06 pp	16 q
VEEVVeeva Systems Inc.	0.29%	466,154	$108M	trimmed−7%	+0.03 pp	28 q
BABAAlibaba Group Holding Limited	0.28%	1,477,413	$107M	trimmed−10%	−0.06 pp	39 q
ARGXargenx SE	0.28%	266,674	$105M	trimmed−7%	−0.01 pp	26 q
BXBlackstone Inc.	0.28%	798,377	$105M	added+9%	+0.02 pp	9 q
CBRECbre Group, Inc.	0.28%	1,085,594	$106M	trimmed−5%	0.00 pp	44 q
DHID.R. Horton Inc.	0.28%	635,880	$105M	held	—	22 q
JBIJanus International Group, Inc.	0.28%	6,871,661	$104M	held	—	12 q
CDWCDW Corporation	0.27%	398,721	$102M	trimmed−7%	+0.01 pp	28 q
INDIindie Semiconductor, Inc. Class A	0.27%	14,285,896	$101M	added+28%	+0.03 pp	12 q
COOThe Cooper Companies, Inc.	0.26%	943,282	$96M	new	+0.26 pp	new
MGMMgm Resorts International	0.26%	2,101,065	$99M	added+4%	+0.02 pp	11 q
MELIMercado Libre, Inc	0.26%	64,165	$97M	trimmed−5%	−0.02 pp	23 q
BWINThe Baldwin Insurance Group, Inc. Class A	0.25%	3,259,934	$94M	trimmed0%	+0.04 pp	18 q
CWANClearwater Analytics Hds-a	0.25%	5,359,172	$95M	added+31%	+0.03 pp	11 q
RBCRBC Bearings Incorporated	0.25%	345,790	$93M	trimmed−8%	−0.04 pp	38 q
CGThe Carlyle Group Inc.	0.24%	1,944,402	$91M	trimmed−0%	+0.03 pp	12 q
INTAIntapp, Inc.	0.24%	2,583,231	$89M	new	+0.24 pp	new
NUNu Holdings Ltd.	0.24%	7,494,909	$89M	added+2%	+0.08 pp	4 q
CRWDCrowdStrike Holdings, Inc. Class A	0.23%	273,283	$88M	trimmed−5%	+0.03 pp	20 q
DEIDouglas Emmett, Inc.	0.23%	6,277,081	$87M	held	—	44 q
IBKRInteractive Brokers Group, Inc. Class A	0.23%	764,968	$85M	added+4%	+0.07 pp	5 q
NETCloudflare, Inc. Class A, par value $0.001 per share	0.22%	845,046	$82M	trimmed−10%	+0.01 pp	19 q
IEXIDEX Corporation	0.22%	332,322	$81M	trimmed−14%	0.00 pp	39 q
PLNTPlanet Fitness, Inc.	0.22%	1,325,000	$83M	added+10%	−0.01 pp	25 q
PWRQuanta Services, Inc.	0.22%	323,240	$84M	trimmed−7%	+0.02 pp	5 q
XPXP Inc. Class A	0.22%	3,228,598	$83M	added+27%	+0.04 pp	18 q
AXONAxon Enterprise, Inc.	0.21%	251,277	$79M	trimmed−12%	+0.01 pp	9 q
BIDUBaidu, Inc.	0.21%	733,146	$77M	trimmed−3%	−0.03 pp	9 q
CAKECheesecake Factory (The)	0.21%	2,200,000	$80M	held	—	44 q
DAVAEndava plc	0.21%	2,118,668	$81M	trimmed−10%	−0.28 pp	23 q
YMMFull Truck Alliance Co. Ltd.	0.21%	10,819,188	$79M	added+2%	+0.01 pp	10 q
KTOSKratos Defense & Security Solutions, Inc.	0.21%	4,374,077	$80M	added+13%	0.00 pp	17 q
FWONKLiberty Media Corporation Series C	0.21%	1,200,000	$79M	held	—	3 q
REXRRexford Industrial Realty, Inc.	0.21%	1,587,446	$80M	trimmed−3%	−0.03 pp	38 q
ROLRollins, Inc.	0.21%	1,676,374	$78M	trimmed−7%	0.00 pp	31 q
WYNNWynn Resorts Ltd	0.21%	788,335	$81M	added+5%	+0.03 pp	5 q
AVNTAvient Corporation	0.20%	1,700,000	$74M	held	—	18 q
TRUTransUnion	0.20%	932,094	$74M	trimmed−7%	+0.02 pp	28 q
VRSNVeriSign Inc	0.20%	386,380	$73M	trimmed−33%	−0.11 pp	44 q
GTLBGitLab Inc. Class A	0.19%	1,244,297	$73M	trimmed−7%	−0.03 pp	10 q
RGENRepligen Corp	0.19%	381,286	$70M	trimmed−14%	−0.02 pp	7 q
NOWServicenow, Inc.	0.19%	93,868	$72M	trimmed−2%	+0.01 pp	35 q
SNOWSnowflake Inc.	0.19%	446,860	$72M	trimmed−2%	−0.05 pp	15 q
DDOGDatadog, Inc. Class A	0.18%	538,526	$67M	added+4%	+0.01 pp	19 q
ISRGIntuitive Surgical Inc.	0.18%	164,727	$66M	trimmed−0%	+0.03 pp	30 q
JBTMJBT Marel Corporation	0.18%	650,000	$68M	added+24%	+0.04 pp	29 q
LVSLas Vegas Sands Corp.	0.18%	1,288,142	$67M	held	—	10 q
BAPCredicorp LTD	0.18%	407,213	$69M	trimmed−0%	+0.02 pp	12 q
AMTAmerican Tower Corporation	0.17%	325,832	$64M	added+11%	0.00 pp	44 q
CGNXCognex Corp	0.17%	1,500,000	$64M	held	—	44 q
DLRDigital Realty Trust, Inc.	0.17%	448,477	$65M	added+1%	+0.01 pp	17 q
HQYHealthEquity, Inc	0.17%	800,000	$65M	held	—	39 q
MAMastercard Incorporated	0.17%	134,085	$65M	added+8%	+0.03 pp	44 q
PDDPDD Holdings Inc.	0.17%	562,600	$65M	added+11%	−0.03 pp	2 q
WELLWelltower Inc.	0.17%	675,363	$63M	trimmed−1%	+0.01 pp	9 q
FAFirst Advantage Corporation	0.16%	3,750,000	$61M	held	—	12 q
SSNCSS&C Technologies Inc	0.16%	908,091	$58M	trimmed−6%	0.00 pp	44 q
SPTSprout Social, Inc Class A	0.16%	975,000	$58M	added+26%	+0.03 pp	8 q
UTZUtz Brands, Inc.	0.16%	3,250,000	$60M	held	—	16 q
WCNWaste Connections, Inc.	0.16%	350,000	$60M	trimmed−7%	+0.01 pp	31 q
WEXWEX Inc.	0.16%	253,576	$60M	added0%	+0.03 pp	44 q
CYBRCyberark Software LTD/ISRAEL	0.16%	223,534	$59M	trimmed−13%	+0.01 pp	6 q
LOWLowe's Companies Inc.	0.15%	216,958	$55M	added+10%	+0.03 pp	22 q
MRCYMercury Systems Inc.	0.15%	1,853,154	$55M	trimmed−2%	−0.03 pp	37 q
AFYAAfya Limited Class A	0.15%	2,966,658	$55M	trimmed−9%	−0.04 pp	19 q
AEISAdvanced Energy Industries Inc	0.14%	512,921	$52M	held	—	18 q
BNBrookfield Corporation	0.14%	1,287,522	$54M	added+7%	+0.01 pp	6 q
HEI.AHeico Corp Cl A	0.14%	332,942	$51M	added+5%	+0.02 pp	25 q
HLTHilton Worldwide Holdings Inc.	0.14%	248,419	$53M	added+43%	+0.06 pp	6 q
MASIMasimo Corporation	0.14%	345,800	$51M	new	+0.14 pp	new
VVISA Inc.	0.14%	190,107	$53M	added+12%	+0.02 pp	44 q
ASMLASML Holding NV	0.14%	52,942	$51M	trimmed−1%	+0.03 pp	43 q
AXNXAxonics, Inc.	0.13%	686,565	$47M	trimmed−62%	−0.17 pp	17 q
BASECouchbase, Inc.	0.13%	1,886,704	$50M	trimmed−12%	0.00 pp	11 q
SSentinelOne, Inc.	0.13%	2,067,474	$48M	trimmed−0%	−0.02 pp	3 q
FOXFFox Factory Holding Corp.	0.12%	900,000	$47M	held	—	3 q
INSPInspire Medical Systems, Inc.	0.12%	210,000	$45M	trimmed−0%	+0.01 pp	21 q
JLLJones Lang LaSalle, Inc.	0.12%	230,515	$45M	added+5%	+0.01 pp	19 q
ONTOnterris, Inc.	0.12%	1,154,030	$45M	added+10%	+0.03 pp	15 q
ODDODDITY Tech Ltd. Class A	0.12%	1,063,183	$46M	added+40%	+0.03 pp	3 q
AMDAdvanced Micro Devices	0.11%	237,143	$43M	added+9%	+0.02 pp	9 q
EWCZEuropean Wax Center, Inc. Class A	0.11%	3,265,000	$42M	added+9%	0.00 pp	11 q
INVHInvitation Homes Inc.	0.11%	1,188,224	$42M	added+8%	+0.01 pp	29 q
LLYVKLiberty Media Corp-liberty-c	0.11%	943,458	$41M	added+6%	+0.02 pp	3 q
MSGSMadison Square Garden Sports Corp.	0.11%	225,000	$42M	held	—	34 q
PARPAR Technology Corp.	0.11%	901,872	$41M	added+1%	+0.01 pp	23 q
PCORProcore Technologies, Inc.	0.11%	499,559	$41M	added×8.6	+0.10 pp	3 q
RPAYRepay Holdings Corporation Class A	0.11%	3,912,915	$43M	trimmed0%	+0.02 pp	18 q
TMETencent Music Entertainment Group	0.11%	3,651,224	$41M	new	+0.11 pp	new
TXRHTexas Roadhouse, Inc.	0.11%	268,083	$41M	trimmed−1%	+0.02 pp	8 q
TWTradeweb Markets Inc. Class A	0.11%	385,728	$40M	trimmed−1%	+0.02 pp	20 q
VKTXViking Therapeutics, Inc	0.11%	493,259	$40M	added+59%	+0.09 pp	2 q
STVNStevanato Group S.p.A.	0.11%	1,288,814	$41M	added+37%	+0.04 pp	10 q
ALABAstera Labs, Inc.	0.10%	500,000	$37M	new	+0.10 pp	new
BAHBooz Allen Hamilton Holding Corporation	0.10%	251,167	$37M	trimmed−2%	+0.01 pp	8 q
VMRKVivmark Residential	0.10%	582,918	$37M	added+3%	+0.01 pp	29 q
GFIGold Fields Ltd	0.10%	2,248,483	$36M	trimmed−9%	0.00 pp	9 q
GDYNGrid Dynamics Holdings, Inc. Class A	0.10%	3,000,000	$37M	held	—	17 q
ILMNIllumina Inc	0.10%	272,364	$37M	added+2%	0.00 pp	44 q
NARIInari Medical, Inc.	0.10%	777,152	$37M	added+27%	−0.01 pp	16 q
POOLPool Corporation	0.10%	89,999	$36M	trimmed−7%	0.00 pp	18 q
XYZBlock, Inc.	0.10%	430,091	$36M	added+1%	+0.01 pp	16 q
VRNSVaronis Systems, Inc.	0.10%	793,539	$37M	trimmed−18%	−0.02 pp	20 q
ESNTEssent Group LTD	0.10%	617,842	$37M	trimmed−4%	+0.01 pp	31 q
CZRCaesars Entertainment, Inc.	0.09%	813,480	$36M	trimmed−23%	−0.04 pp	5 q
BZKANZHUN LIMITED American Depository Shares	0.09%	1,832,636	$32M	trimmed−35%	−0.03 pp	5 q
LPLALPL Financial Holdings Inc.	0.09%	122,038	$32M	added+7%	+0.02 pp	10 q
NCNOnCino, Inc.	0.09%	925,000	$35M	added+84%	+0.04 pp	15 q
RHRh	0.09%	94,998	$33M	added×2.3	+0.06 pp	6 q
VMCVulcan Materials Company(Holding Company)	0.09%	126,474	$35M	added×2.9	+0.06 pp	21 q
WIXWIX.com Ltd.	0.09%	238,722	$33M	trimmed−4%	+0.01 pp	30 q
AMHAmerican Homes 4 Rent	0.08%	834,666	$31M	added+1%	0.00 pp	28 q
AVGOBroadcom Inc.	0.08%	23,969	$32M	added×138.5	+0.08 pp	9 q
BAMBrookfield Asset Management Ltd.	0.08%	732,019	$31M	added+5%	+0.01 pp	6 q
DHDefinitive Healthcare Corp. Class A	0.08%	3,491,471	$28M	held	—	11 q
DRVNDriven Brands Holdings Inc.	0.08%	2,000,000	$32M	added+14%	+0.01 pp	13 q
HEIHEICO Corporation	0.08%	162,433	$31M	held	—	24 q
MCMoelis & Company	0.08%	547,747	$31M	held	—	40 q
SBACSBA Communications Corp	0.08%	142,147	$31M	trimmed−14%	−0.03 pp	30 q
SMARSmartsheet Inc.	0.08%	765,464	$29M	added+8%	−0.01 pp	7 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.08%	57,317	$28M	added+14%	+0.01 pp	25 q
YUMCYum China Holdings, Inc.	0.08%	721,940	$29M	trimmed−5%	−0.01 pp	15 q
DTDynatrace, Inc.	0.07%	570,795	$27M	trimmed−27%	−0.04 pp	19 q
EGPEastGroup Properties Inc.	0.07%	141,633	$25M	trimmed−1%	0.00 pp	6 q
EXPOExponent Inc	0.07%	313,262	$26M	new	+0.07 pp	new
FBINFortune Brands Innovations, Inc.	0.07%	292,112	$25M	held	—	16 q
RIVNRivian Automotive, Inc. Class A	0.07%	2,282,545	$25M	added+6%	−0.06 pp	10 q
RCKTRocket Pharmaceuticals, Inc.	0.07%	990,544	$27M	trimmed−6%	−0.01 pp	7 q
SILKSilk Road Medical, Inc.	0.07%	1,500,170	$27M	added+28%	+0.03 pp	20 q
VCYTVeracyte, Inc.	0.07%	1,115,806	$25M	added+46%	+0.01 pp	20 q
WDAYWorkday, Inc. Class A	0.07%	92,925	$25M	trimmed−6%	0.00 pp	13 q
ZLABZai Lab Limited	0.07%	1,599,865	$26M	added+7%	−0.04 pp	25 q
WTWWillis Towers Watson Public Limited Company	0.07%	95,747	$26M	trimmed−8%	0.00 pp	33 q
CDROCodere Online Luxembourg, S.A.	0.07%	3,527,040	$25M	trimmed−8%	+0.04 pp	10 q
NVMINova Ltd.	0.07%	148,594	$26M	held	—	22 q
COLDAmericold Realty Trust, Inc.	0.06%	850,000	$21M	held	—	25 q
BNTXBioNTech SE	0.06%	251,223	$23M	added+4%	−0.01 pp	14 q
HLLYHolley Inc.	0.06%	5,000,000	$22M	held	—	11 q
HUBSHubspot, Inc.	0.06%	35,763	$22M	trimmed−8%	0.00 pp	13 q
MBLYMobileye Global Inc. Class A	0.06%	697,796	$22M	added+74%	+0.01 pp	6 q
MPWRMonolithic Power Systems, Inc.	0.06%	31,636	$21M	trimmed−11%	0.00 pp	12 q
TROWT Rowe Price Group Inc	0.06%	171,272	$21M	trimmed−8%	+0.01 pp	44 q
SWAVShockwave Medical, Inc.	0.06%	74,373	$24M	trimmed−1%	+0.02 pp	16 q
ZSZscaler, Inc.	0.06%	109,585	$21M	trimmed−5%	−0.01 pp	25 q
ESTAEstablishment Labs Holdings Inc.	0.06%	429,775	$22M	added+28%	+0.04 pp	12 q
AAONAaon Inc	0.05%	218,889	$19M	added+14%	+0.01 pp	2 q
ALGMAllegro MicroSystems, Inc.	0.05%	668,811	$18M	added×5.8	+0.04 pp	14 q
ACLXArcellx, Inc.	0.05%	248,993	$17M	added×3.9	+0.04 pp	4 q
CERTCertara, Inc.	0.05%	1,085,950	$19M	added+1%	0.00 pp	14 q
LLYEli Lilly & Co.	0.05%	26,000	$20M	trimmed−25%	0.00 pp	8 q
MRVIMaravai LifeSciences Holdings, Inc. Class A	0.05%	2,123,651	$18M	added+43%	+0.02 pp	6 q
NOVTNovanta Inc.	0.05%	106,455	$19M	held	—	28 q
TMOThermo Fisher Scientific, Inc.	0.05%	34,410	$20M	added+20%	+0.01 pp	19 q
GLOBGlobant S.a.	0.05%	95,901	$19M	trimmed−1%	−0.01 pp	32 q
ALKTAlkami Technology, Inc.	0.04%	666,151	$16M	trimmed−14%	−0.01 pp	12 q
GOOGAlphabet Inc. Class C	0.04%	94,637	$14M	trimmed−68%	−0.07 pp	40 q
BILLBILL Holdings, Inc.	0.04%	221,663	$15M	trimmed−4%	−0.01 pp	18 q
INTUIntuit Inc	0.04%	23,419	$15M	added+34%	+0.01 pp	17 q
LEGNLegend Biotech Corporation	0.04%	276,827	$16M	added+54%	+0.01 pp	6 q
FWONALiberty Media Corporation Series A	0.04%	266,176	$16M	held	—	3 q
VACMarriott Vacations Worldwide Corporation	0.04%	141,526	$15M	trimmed−90%	−0.29 pp	44 q
MRVLMarvell Technology, Inc.	0.04%	202,910	$14M	trimmed−13%	0.00 pp	9 q
RDDTReddit, Inc.	0.04%	300,000	$15M	new	+0.04 pp	new
SPGIS&P Global Inc.	0.04%	36,274	$15M	added+47%	+0.01 pp	25 q
AAgilent Technologies Inc.	0.03%	76,469	$11M	added+8%	0.00 pp	44 q
GOOGLAlphabet Inc. Class A	0.03%	67,050	$10M	added×10.0	+0.03 pp	35 q
APOApollo Global Management, Inc.	0.03%	103,107	$12M	added×4.5	+0.02 pp	5 q
AZNNAstrazeneca Plc-spons ADR	0.03%	164,448	$11M	trimmed−31%	−0.01 pp	24 q
AVBAvalonBay Communities, Inc.	0.03%	50,840	$9M	trimmed−16%	0.00 pp	11 q
BSXBoston Scientific Corp.	0.03%	154,000	$11M	added+7%	+0.01 pp	4 q
CDNACareDx, Inc.	0.03%	1,229,900	$13M	new	+0.03 pp	new
DHRDanaher Corporation	0.03%	50,090	$13M	added+37%	+0.01 pp	25 q
JEFJefferies Financial Group Inc.	0.03%	279,528	$12M	held	—	10 q
LRCXLam Research Corp	0.03%	11,790	$11M	added+14%	+0.01 pp	9 q
MRKMerck & Co., Inc.	0.03%	90,000	$12M	added+3%	0.00 pp	9 q
MCOMoody's Corporation	0.03%	32,270	$13M	added+57%	+0.01 pp	24 q
SPGSimon Property Group, Inc.	0.03%	62,332	$10M	trimmed−3%	+0.01 pp	2 q
SITMSiTime Corporation	0.03%	132,516	$12M	trimmed−49%	−0.05 pp	5 q
TTWOTake-Two Interactive Software Inc	0.03%	86,767	$13M	added+1%	−0.01 pp	28 q
TXG10x Genomics, Inc. Class A	0.03%	314,862	$12M	added+59%	0.00 pp	19 q
TRNOTerreno Realty Corporation	0.03%	153,457	$10M	trimmed−3%	0.00 pp	6 q
VRTXVertex Pharmaceuticals Inc	0.03%	23,000	$10M	held	—	8 q
ACNAccenture PLC	0.03%	28,423	$10M	added+46%	+0.01 pp	25 q
FVRRFiverr International Ltd.	0.03%	555,587	$12M	added+6%	−0.01 pp	20 q
ADBEAdobe Inc.	0.02%	18,505	$9M	added+74%	0.00 pp	26 q
TEAMAtlassian Corporation Class A	0.02%	38,215	$7M	trimmed−0%	0.00 pp	6 q
CMECME Group Inc.	0.02%	37,430	$8M	added+69%	+0.01 pp	44 q
COSTCostco Wholesale Corp	0.02%	7,715	$6M	added+75%	+0.01 pp	25 q
HCAHCA Healthcare, Inc.	0.02%	18,300	$6M	held	—	6 q
HGVHilton Grand Vacations Inc.	0.02%	163,200	$8M	held	—	29 q
LULufax Holding Ltd.	0.02%	1,453,122	$6M	trimmed−68%	−0.02 pp	2 q
MANHManhattan Associates Inc	0.02%	24,649	$6M	held	—	39 q
MCKMcKesson Corporation	0.02%	10,800	$6M	held	—	10 q
NVTSNavitas Semiconductor Corporation	0.02%	1,388,895	$7M	trimmed−58%	−0.05 pp	10 q
NVONovo-Nordisk A/S	0.02%	52,177	$7M	trimmed−6%	0.00 pp	2 q
PENNPENN Entertainment, Inc.	0.02%	353,399	$6M	trimmed−93%	−0.34 pp	44 q
RHIRobert Half Inc.	0.02%	71,207	$6M	held	—	44 q
STEPStepStone Group Inc. Class A	0.02%	165,703	$6M	held	—	5 q
SYKStryker Corporation	0.02%	18,000	$6M	added+29%	+0.01 pp	2 q
ACVAACV Auctions Inc.	0.01%	156,395	$3M	trimmed−4%	0.00 pp	13 q
AEMAgnico Eagle Mines Ltd.	0.01%	59,111	$4M	trimmed−32%	0.00 pp	9 q
ELVElevance Health, Inc.	0.01%	9,000	$5M	added+34%	0.00 pp	7 q
1939900DBrookfield Infrastructure-a	0.01%	59,068	$2M	trimmed−42%	0.00 pp	6 q
DRHDiamondrock Hospitality Company	0.01%	426,734	$4M	trimmed−20%	0.00 pp	3 q
EXRExtra Space Storage, Inc.	0.01%	22,014	$3M	trimmed−80%	−0.04 pp	8 q
FRFirst Industrial Realty Trust, Inc.	0.01%	86,939	$5M	added+3%	0.00 pp	5 q
FISVFiserv, Inc.	0.01%	13,213	$2M	trimmed−1%	+0.01 pp	7 q
GDSGDS Holdings Limited	0.01%	435,468	$3M	new	+0.01 pp	new
GMABGenmab A/S	0.01%	72,231	$2M	trimmed−48%	0.00 pp	14 q
HDBHDFC Bank Limited	0.01%	54,176	$3M	trimmed−25%	0.00 pp	10 q
HLNEHamilton Lane Incorporated Class A	0.01%	27,279	$3M	new	+0.01 pp	new
IRTCiRhythm Holdings, Inc.	0.01%	45,000	$5M	new	+0.01 pp	new
IMVTImmunovant, Inc.	0.01%	60,000	$2M	added+2%	0.00 pp	2 q
LFUSLittelfuse Inc	0.01%	16,517	$4M	trimmed−77%	−0.04 pp	33 q
MACThe Macerich Company	0.01%	255,558	$4M	new	+0.01 pp	new
MUFGMitsubishi UFJ Financial Group, Inc.	0.01%	460,144	$5M	trimmed−44%	−0.01 pp	5 q
NTRANatera, Inc.	0.01%	41,000	$4M	added+74%	+0.01 pp	2 q
NICENICE Ltd	0.01%	11,035	$3M	held	—	10 q
NDSNNordson Corp	0.01%	16,268	$4M	held	—	8 q
PKPark Hotels & Resorts Inc.	0.01%	318,724	$6M	new	+0.01 pp	new
PGRProgressive Corporation	0.01%	12,400	$3M	trimmed−5%	0.00 pp	8 q
PSAPublic Storage	0.01%	10,991	$3M	trimmed−40%	0.00 pp	13 q
RVNCRevance Therapeutics, Inc.	0.01%	1,023,663	$5M	held	—	21 q
SHLSShoals Technologies Group, Inc. Class A	0.01%	500,000	$6M	trimmed−72%	−0.06 pp	13 q
SMRTSmartRent, Inc.	0.01%	1,925,930	$5M	held	—	11 q
SUISun Communities, Inc	0.01%	43,344	$6M	trimmed−13%	−0.01 pp	2 q
SGRYSurgery Partners, Inc.	0.01%	90,000	$3M	added×2.0	+0.01 pp	2 q
TKOTKO Group Holdings, Inc.	0.01%	51,331	$4M	held	—	3 q
TPHTri Pointe Homes, Inc.	0.01%	85,220	$3M	new	+0.01 pp	new
SKTTanger Inc.	0.01%	88,325	$3M	trimmed−21%	0.00 pp	4 q
TXNTexas Instruments Incorporated	0.01%	13,085	$2M	held	—	25 q
XENEXenon Pharmaceuticals Inc	0.01%	100,100	$4M	held	—	10 q
ZTSZoetis Inc.	0.01%	28,700	$5M	trimmed−9%	−0.01 pp	18 q
TBLATaboola.com Ltd.	0.01%	612,218	$3M	trimmed−11%	0.00 pp	12 q
ALXAlexander's Inc.	0.00%	5,000	$1M	held	—	44 q
AAPLApple Inc.	0.00%	2,017	$345,875	held	—	7 q
BEAMBeam Therapeutics Inc.	0.00%	30,000	$991,200	new	0.00 pp	new
BRK.ABerkshire Hathaway Inc.	0.00%	1	$634,440	held	—	31 q
BLQADBlackrock Inc	0.00%	1,700	$1M	trimmed−21%	0.00 pp	25 q
BXPBXP, Inc.	0.00%	5,440	$355,286	new	0.00 pp	new
KMXCarMax Inc.	0.00%	16,767	$1M	held	—	44 q
CYHCommunity Health Systems, Inc.	0.00%	100	$350	held	—	44 q
DNLIDenali Therapeutics Inc.	0.00%	50,500	$1M	held	—	26 q
DKSDick's Sporting Goods, Inc.	0.00%	3,831	$861,439	held	—	9 q
EWEdwards Lifesciences Corp	0.00%	6,743	$644,361	held	—	44 q
ENVEnvestnet, Inc.	0.00%	17,087	$989,508	held	—	42 q
EFXEquifax, Incorporated	0.00%	2,583	$691,004	trimmed−1%	0.00 pp	9 q
EXKExact Sciences Corp	0.00%	10,000	$690,600	trimmed−68%	−0.01 pp	5 q
FASTFastenal Co	0.00%	2,330	$179,736	held	—	44 q
GPNGlobal Payments, Inc.	0.00%	8,900	$1M	trimmed−1%	0.00 pp	17 q
GSGoldman Sachs Group Inc.	0.00%	800	$334,152	held	—	31 q
JKHYHenry (Jack) & Associates	0.00%	5,960	$1M	added+5%	0.00 pp	17 q
HDHome Depot, Inc.	0.00%	2,000	$767,200	held	—	42 q
unresolvedInnovid Corp	0.00%	191,161	$475,991	held	—	10 q
LBRDKLiberty Broadband Corporation Class C	0.00%	14,580	$834,413	trimmed−7%	0.00 pp	38 q
MUMicron Technology, Inc.	0.00%	4,200	$495,138	added×2.6	0.00 pp	2 q
MDBMongoDB, Inc. Class A	0.00%	1,655	$593,549	trimmed−4%	0.00 pp	9 q
PGProcter & Gamble Company	0.00%	1,796	$291,401	held	—	31 q
QCOMQualcomm Inc	0.00%	4,000	$677,200	held	—	31 q
RDNTRadNet, Inc.	0.00%	20,000	$973,200	new	0.00 pp	new
SDGRSchrodinger, Inc.	0.00%	35,000	$945,000	trimmed−91%	−0.04 pp	17 q
SJMThe J.M. Smucker Company	0.00%	251	$31,593	held	—	31 q
TTCToro Company (The)	0.00%	12,177	$1M	trimmed−2%	0.00 pp	27 q
VCTRVictory Capital Holdings, Inc. Class A	0.00%	16,596	$704,168	held	—	6 q
VTSVitesse Energy, Inc..	0.00%	1,318	$31,276	held	—	5 q
WRBYWarby Parker Inc.	0.00%	39,600	$538,956	held	—	11 q
CINTCI&T Inc	0.00%	25,830	$106,678	trimmed−14%	0.00 pp	10 q
MANUManchester United PLC	0.00%	111,479	$2M	trimmed−92%	−0.07 pp	44 q
0VQJLTe Connectivity Ltd	0.00%	6,675	$969,477	held	—	25 q
unresolvedCooper Cos Inc/The	—	−251,098	—	exited	−0.25 pp	—
MKTXMarketAxess Holdings Inc.	—	−67,596	—	exited	−0.05 pp	—
CLVTClarivate Plc	—	−2,000,000	—	exited	−0.05 pp	—
STNEStoneCo Ltd. Class A	—	−626,634	—	exited	−0.03 pp	—
EPAMEpam Systems, Inc.	—	−25,263	—	exited	−0.02 pp	—
QLYSQualys, Inc.	—	−46,222	—	exited	−0.02 pp	—
ICHRIchor Holdings	—	−231,384	—	exited	−0.02 pp	—
HUMHumana Inc.	—	−5,425	—	exited	−0.01 pp	—
GPCRStructure Therapeutics Inc.	—	−118,333	—	exited	−0.01 pp	—
VTRVentas, Inc.	—	−62,893	—	exited	−0.01 pp	—
QQQInvesco QQQ Trust, Series 1	—	−326	—	exited	0.00 pp	—
MRNAModerna, Inc.	—	−7,500	—	exited	0.00 pp	—
SPYState Street SPDR S&P 500 ETF Trust	—	−60	—	exited	0.00 pp	—
VGTVanguard Information Technology ETF	—	−3,396	—	exited	0.00 pp	—
VLTOVeralto Corporation	—	−3,314	—	exited	0.00 pp	—