Baron Capital

Q3 2024 13F · by Ron Baron, CEO

As of: Sep 30, 2024
Filed: Nov 14, 2024
US stock: $37.7B · prev $34.9B
Positions: 328 · prev 329
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%

Moves284 since the prior filing

+3.0 pp in · −3.2 pp out

New 18 +0.95 pp
Added 90 +2.03 pp
Trimmed 157 −2.65 pp
Exited 19 −0.52 pp

The book

Focused · behaves like 37 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 12% a year, about 8.6 years per position

Low
Moderate
High

Top 5 positions29% of US stock

TSLA Tesla, Inc. trimmed+1.57 pp trimmed+1.5710.4%
ACGL Arch Capital Group Ltd trimmed+0.11 pp trimmed+0.116.2%
IT Gartner, Inc. trimmed+0.03 pp trimmed+0.035.4%
CSGP CoStar Group Inc trimmed−0.33 pp trimmed−0.333.8%
MSCI MSCI, Inc. trimmed+0.28 pp trimmed+0.283.3%

Positions328 in this filing · 19 exited


TSLATesla, Inc.	10.36%	14,928,529	$3.9B	trimmed−4%	+1.57 pp	43 q
ACGLArch Capital Group Ltd	6.15%	20,725,357	$2.3B	trimmed−1%	+0.11 pp	46 q
ITGartner, Inc.	5.41%	4,022,384	$2.0B	trimmed−4%	+0.03 pp	46 q
CSGPCoStar Group Inc	3.76%	18,785,436	$1.4B	trimmed−3%	−0.33 pp	46 q
MSCIMSCI, Inc.	3.34%	2,157,431	$1.3B	trimmed−3%	+0.28 pp	46 q
FDSFactset Research Systems	3.02%	2,478,027	$1.1B	trimmed−7%	−0.08 pp	46 q
GWREGuidewire Software, Inc.	2.92%	6,008,129	$1.1B	trimmed−2%	+0.50 pp	46 q
IDXXIdexx Laboratories Inc	2.58%	1,923,258	$972M	trimmed−6%	−0.26 pp	46 q
MTNVail Resorts, Inc.	2.40%	5,185,136	$904M	added+3%	−0.20 pp	46 q
HHyatt Hotels Corporation	2.21%	5,483,404	$835M	added+1%	−0.15 pp	46 q
KNSLKinsale Capital Group, Inc.	2.16%	1,745,415	$813M	trimmed−4%	+0.16 pp	32 q
CHHChoice Hotels Intnl.	1.63%	4,716,314	$615M	trimmed−1%	0.00 pp	46 q
RRRRed Rock Resorts, Inc. Class A	1.53%	10,623,284	$578M	added+1%	−0.12 pp	34 q
AKXAnsys Inc	1.36%	1,612,262	$514M	trimmed−6%	−0.22 pp	46 q
SCHWThe Charles Schwab Corporation	1.25%	7,269,280	$471M	trimmed−1%	−0.31 pp	46 q
PRIPrimerica, Inc.	1.20%	1,712,011	$454M	trimmed−7%	−0.05 pp	46 q
MTDMettler-Toledo International	1.15%	288,747	$433M	trimmed−2%	−0.03 pp	46 q
GLPIGaming and Leisure Properties, Inc.	1.11%	8,107,784	$417M	trimmed−2%	+0.04 pp	44 q
MORNMorningstar, Inc.	1.11%	1,305,588	$417M	trimmed−0%	0.00 pp	46 q
NVDANvidia Corp	0.96%	2,993,580	$364M	trimmed−11%	−0.23 pp	25 q
TECHBio-Techne Corp.	0.94%	4,445,540	$355M	trimmed−7%	−0.04 pp	40 q
VRTVertiv Holdings Co Class A	0.94%	3,550,000	$353M	trimmed−7%	0.00 pp	19 q
IRDMIridium Communications Inc.	0.90%	11,118,785	$339M	trimmed−1%	+0.05 pp	42 q
VRSKVerisk Analytics, Inc.	0.90%	1,268,534	$340M	trimmed−2%	−0.10 pp	46 q
SPOTSpotify Technology S.A.	0.86%	882,147	$325M	trimmed−0%	+0.06 pp	26 q
ICLRIcon Plc	0.73%	954,056	$274M	trimmed−2%	−0.14 pp	46 q
MSFTMicrosoft Corp	0.66%	577,172	$248M	trimmed−7%	−0.13 pp	28 q
SITESiteOne Landscape Supply, Inc.	0.63%	1,580,342	$238M	added+9%	+0.13 pp	34 q
SHOPShopify Inc. Class A subordinate voting shares	0.58%	2,720,481	$218M	added+5%	+0.09 pp	20 q
DAYDayforce, Inc.	0.57%	3,527,637	$216M	trimmed−0%	+0.07 pp	26 q
EQIXEquinix, Inc.	0.57%	242,133	$215M	added+27%	+0.16 pp	39 q
BFAMBright Horizons Family Solutions Inc.	0.55%	1,489,337	$209M	trimmed−9%	+0.03 pp	46 q
AMZNAmazon.Com Inc	0.54%	1,095,502	$204M	added+1%	−0.06 pp	46 q
FIGSFIGS, Inc.	0.54%	30,030,078	$205M	added+13%	+0.13 pp	14 q
TTDThe Trade Desk, Inc.	0.53%	1,819,538	$200M	trimmed−3%	0.00 pp	32 q
CNSCohen & Steers Inc.	0.51%	2,009,504	$193M	trimmed−2%	+0.09 pp	46 q
FICOFair Isaac Corporation	0.49%	95,870	$186M	trimmed−16%	0.00 pp	20 q
HLIHoulihan Lokey, Inc.	0.48%	1,144,679	$181M	trimmed−11%	−0.02 pp	28 q
EFOREverforth, Inc.	0.47%	1,894,200	$177M	trimmed−11%	−0.07 pp	25 q
CPNGCoupang, Inc.	0.44%	6,793,580	$167M	trimmed−8%	0.00 pp	15 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.44%	960,740	$167M	added+7%	−0.01 pp	46 q
CBRECbre Group, Inc.	0.43%	1,299,831	$162M	added+15%	+0.14 pp	46 q
METAMeta Platforms, Inc. Class A	0.43%	284,930	$163M	trimmed−0%	+0.02 pp	46 q
ONONOn Holding AG	0.42%	3,156,895	$158M	trimmed−1%	+0.07 pp	11 q
FNDFloor & Decor Holdings, Inc.	0.41%	1,252,755	$156M	trimmed−25%	−0.07 pp	30 q
BIRKBirkenstock Holding plc	0.41%	3,102,507	$153M	added+3%	−0.06 pp	4 q
BABAAlibaba Group Holding Limited	0.40%	1,434,625	$152M	added+6%	+0.12 pp	41 q
BWINThe Baldwin Insurance Group, Inc. Class A	0.40%	3,010,000	$150M	trimmed−8%	+0.07 pp	20 q
TDGTransDigm Group Incorporated	0.40%	105,859	$151M	added+6%	+0.03 pp	46 q
WSTWest Pharmaceutical Services, Inc.	0.39%	483,842	$145M	trimmed−37%	−0.33 pp	46 q
ROPRoper Technologies, Inc.	0.38%	257,797	$143M	trimmed−2%	−0.05 pp	46 q
TOLToll Brothers, Inc.	0.37%	897,503	$139M	trimmed−17%	+0.01 pp	18 q
ARGXargenx SE	0.36%	250,304	$136M	trimmed−4%	+0.04 pp	28 q
CWANClearwater Analytics Hds-a	0.36%	5,326,574	$134M	added0%	+0.08 pp	13 q
INTAIntapp, Inc.	0.36%	2,850,455	$136M	added+1%	+0.06 pp	3 q
TREXTrex Company, Inc.	0.36%	2,026,692	$135M	trimmed−11%	−0.12 pp	43 q
LENLennar Corporation Class A	0.35%	711,023	$133M	added+3%	+0.05 pp	24 q
GTLSChart Inds Inc	0.34%	1,022,664	$127M	trimmed−15%	−0.16 pp	11 q
IBKRInteractive Brokers Group, Inc. Class A	0.34%	912,608	$127M	added+16%	+0.06 pp	7 q
DHID.R. Horton Inc.	0.33%	646,888	$123M	added+2%	+0.08 pp	24 q
GDSGDS Holdings Limited	0.33%	6,040,555	$123M	added×2.3	+0.26 pp	3 q
NEOGNeogen Corp	0.33%	7,303,115	$123M	added+1%	+0.01 pp	46 q
WELLWelltower Inc.	0.33%	974,759	$125M	added+20%	+0.09 pp	11 q
ALTRAltair Engineering Inc. Class A	0.32%	1,259,344	$120M	trimmed−9%	−0.07 pp	28 q
APHAmphenol Corporation	0.32%	1,853,278	$121M	trimmed−1%	−0.04 pp	22 q
IBPInstalled Building Products, Inc.	0.32%	492,286	$121M	trimmed−26%	−0.07 pp	28 q
BXBlackstone Inc.	0.31%	769,894	$118M	added+12%	+0.07 pp	11 q
DEIDouglas Emmett, Inc.	0.30%	6,389,444	$112M	added0%	+0.06 pp	46 q
AZPNAspen Technology Inc	0.30%	468,011	$112M	trimmed−10%	0.00 pp	9 q
DNUTKrispy Kreme, Inc.	0.30%	10,481,319	$113M	added+4%	−0.01 pp	13 q
MELIMercado Libre, Inc	0.29%	52,453	$108M	trimmed−12%	+0.01 pp	25 q
COOThe Cooper Companies, Inc.	0.28%	939,982	$104M	trimmed−0%	+0.04 pp	3 q
AXONAxon Enterprise, Inc.	0.27%	254,141	$102M	trimmed−0%	+0.06 pp	11 q
BNBrookfield Corporation	0.27%	1,949,472	$104M	added+63%	+0.13 pp	8 q
KTOSKratos Defense & Security Solutions, Inc.	0.27%	4,374,077	$102M	held	—	19 q
PLNTPlanet Fitness, Inc.	0.27%	1,250,000	$102M	trimmed−6%	−0.01 pp	27 q
RBCRBC Bearings Incorporated	0.27%	335,075	$100M	trimmed−4%	0.00 pp	40 q
AREAlexandria Real Estate Equities, Inc.	0.26%	840,155	$100M	trimmed−20%	−0.09 pp	46 q
PWRQuanta Services, Inc.	0.26%	322,789	$96M	added0%	+0.03 pp	7 q
DLRDigital Realty Trust, Inc.	0.25%	593,707	$96M	added+2%	0.00 pp	19 q
DKNGDraftKings Inc. Class A	0.25%	2,392,965	$94M	held	—	18 q
YMMFull Truck Alliance Co. Ltd.	0.25%	10,405,899	$94M	added+1%	+0.01 pp	12 q
CDWCDW Corporation	0.24%	397,232	$90M	trimmed−0%	−0.01 pp	30 q
TRUTransUnion	0.24%	876,388	$92M	trimmed−6%	+0.04 pp	30 q
AVGOBroadcom Inc.	0.23%	505,072	$87M	added+26%	+0.05 pp	11 q
JLLJones Lang LaSalle, Inc.	0.23%	314,710	$85M	added+28%	+0.09 pp	21 q
VEEVVeeva Systems Inc.	0.23%	412,137	$86M	trimmed−3%	+0.01 pp	30 q
CAKECheesecake Factory (The)	0.22%	2,000,000	$81M	trimmed−9%	−0.03 pp	46 q
CGThe Carlyle Group Inc.	0.21%	1,867,253	$80M	trimmed−4%	−0.01 pp	14 q
ISRGIntuitive Surgical Inc.	0.21%	160,225	$79M	added0%	+0.01 pp	32 q
LVSLas Vegas Sands Corp.	0.21%	1,581,075	$80M	added+29%	+0.05 pp	12 q
FWONKLiberty Media Corporation Series C	0.21%	1,000,000	$77M	trimmed−17%	−0.04 pp	5 q
LOWLowe's Companies Inc.	0.21%	290,107	$79M	added+72%	+0.10 pp	24 q
ROLRollins, Inc.	0.21%	1,548,750	$78M	trimmed−7%	−0.02 pp	33 q
AVNTAvient Corporation	0.20%	1,500,000	$75M	trimmed−12%	−0.01 pp	20 q
FAFirst Advantage Corporation	0.20%	3,750,000	$74M	held	—	14 q
REXRRexford Industrial Realty, Inc.	0.20%	1,526,016	$77M	added+18%	+0.04 pp	40 q
VNOVornado Realty Trust	0.20%	1,912,359	$75M	new	+0.20 pp	new
AAPLApple Inc.	0.19%	300,328	$70M	added0%	+0.01 pp	9 q
HEI.AHeico Corp Cl A	0.19%	346,531	$71M	added0%	+0.01 pp	27 q
HLTHilton Worldwide Holdings Inc.	0.19%	308,295	$71M	added+6%	+0.01 pp	8 q
INSPInspire Medical Systems, Inc.	0.19%	339,300	$72M	trimmed−2%	+0.06 pp	23 q
VMCVulcan Materials Company(Holding Company)	0.19%	289,493	$72M	added+9%	0.00 pp	23 q
BAPCredicorp LTD	0.19%	392,956	$71M	added+3%	+0.01 pp	14 q
NETCloudflare, Inc. Class A, par value $0.001 per share	0.18%	850,480	$69M	trimmed−2%	−0.02 pp	21 q
JBTMJBT Marel Corporation	0.18%	700,000	$69M	added+4%	0.00 pp	31 q
NOWServicenow, Inc.	0.18%	75,244	$67M	trimmed−20%	−0.03 pp	37 q
DDOGDatadog, Inc. Class A	0.17%	556,087	$64M	trimmed−3%	−0.04 pp	21 q
GTLBGitLab Inc. Class A	0.17%	1,253,244	$65M	added0%	−0.01 pp	12 q
CYBRCyberark Software LTD/ISRAEL	0.17%	225,443	$66M	held	—	8 q
CZRCaesars Entertainment, Inc.	0.16%	1,482,755	$62M	new	+0.16 pp	new
CDNACareDx, Inc.	0.16%	1,876,672	$59M	held	—	3 q
CGNXCognex Corp	0.16%	1,500,000	$61M	held	—	46 q
HQYHealthEquity, Inc	0.16%	750,000	$61M	trimmed−6%	−0.04 pp	41 q
IEXIDEX Corporation	0.16%	276,961	$59M	trimmed−12%	−0.02 pp	41 q
INDIindie Semiconductor, Inc. Class A	0.16%	15,240,606	$61M	added+1%	−0.11 pp	14 q
LLYVKLiberty Media Corp-liberty-c	0.16%	1,167,019	$60M	added+23%	+0.06 pp	5 q
MAMastercard Incorporated	0.16%	118,756	$59M	trimmed−8%	0.00 pp	46 q
PARPAR Technology Corp.	0.16%	1,170,908	$61M	added+15%	+0.02 pp	25 q
WCNWaste Connections, Inc.	0.16%	335,000	$60M	trimmed−4%	−0.02 pp	33 q
IBTAIbotta, Inc.	0.15%	918,543	$57M	added+78%	+0.04 pp	2 q
JBIJanus International Group, Inc.	0.15%	5,750,000	$58M	trimmed−9%	−0.08 pp	14 q
LPXLouisiana-Pacific Corp.	0.15%	516,472	$56M	added+66%	+0.08 pp	2 q
PCORProcore Technologies, Inc.	0.15%	905,851	$56M	trimmed−0%	−0.02 pp	5 q
UTZUtz Brands, Inc.	0.15%	3,250,000	$58M	held	—	18 q
AEISAdvanced Energy Industries Inc	0.14%	513,071	$54M	held	—	20 q
BAHBooz Allen Hamilton Holding Corporation	0.14%	314,760	$51M	added+14%	+0.02 pp	10 q
BAMBrookfield Asset Management Ltd.	0.14%	1,100,435	$52M	added+31%	+0.05 pp	8 q
VMRKVivmark Residential	0.14%	688,198	$51M	trimmed−51%	−0.14 pp	31 q
WEXWEX Inc.	0.14%	243,500	$51M	trimmed−4%	+0.01 pp	46 q
DRVNDriven Brands Holdings Inc.	0.13%	3,500,000	$50M	added+17%	+0.02 pp	15 q
ILMNIllumina Inc	0.13%	383,621	$50M	added+15%	+0.03 pp	46 q
NCNOnCino, Inc.	0.13%	1,499,640	$47M	added+50%	+0.04 pp	17 q
PLDPrologis, Inc.	0.13%	381,980	$48M	trimmed−23%	−0.03 pp	32 q
SSentinelOne, Inc.	0.13%	2,070,974	$50M	held	—	5 q
TXRHTexas Roadhouse, Inc.	0.13%	268,710	$47M	held	—	10 q
TWTradeweb Markets Inc. Class A	0.13%	388,829	$48M	trimmed−0%	+0.01 pp	22 q
NUNu Holdings Ltd.	0.13%	3,709,956	$51M	trimmed−30%	−0.07 pp	6 q
ODDODDITY Tech Ltd. Class A	0.13%	1,246,046	$50M	added+1%	−0.01 pp	5 q
AMTAmerican Tower Corporation	0.12%	192,717	$45M	trimmed−64%	−0.18 pp	46 q
MSGSMadison Square Garden Sports Corp.	0.12%	225,000	$47M	held	—	36 q
MASIMasimo Corporation	0.12%	347,200	$46M	held	—	3 q
MRCYMercury Systems Inc.	0.12%	1,205,654	$45M	held	—	39 q
SSNCSS&C Technologies Inc	0.12%	629,856	$47M	trimmed−2%	0.00 pp	46 q
VRNSVaronis Systems, Inc.	0.12%	793,539	$45M	held	—	22 q
VVISA Inc.	0.12%	165,906	$46M	trimmed−15%	−0.03 pp	46 q
ZLABZai Lab Limited	0.12%	1,906,520	$46M	added+6%	+0.03 pp	27 q
ASMLASML Holding NV	0.12%	53,929	$45M	added+2%	−0.04 pp	45 q
AVBAvalonBay Communities, Inc.	0.11%	177,611	$40M	trimmed−49%	−0.10 pp	13 q
EXKExact Sciences Corp	0.11%	628,000	$43M	held	—	7 q
GDYNGrid Dynamics Holdings, Inc. Class A	0.11%	3,000,000	$42M	held	—	19 q
HEIHEICO Corporation	0.11%	162,433	$42M	held	—	26 q
NARIInari Medical, Inc.	0.11%	1,006,129	$41M	added+29%	0.00 pp	18 q
MGMMgm Resorts International	0.11%	1,015,296	$40M	trimmed−19%	−0.05 pp	13 q
AFYAAfya Limited Class A	0.11%	2,526,643	$43M	trimmed−6%	−0.03 pp	21 q
BLDRBuilders FirstSource, Inc.	0.10%	187,444	$36M	new	+0.10 pp	new
CRWDCrowdStrike Holdings, Inc. Class A	0.10%	133,345	$37M	trimmed−50%	−0.19 pp	22 q
DXCMDexCom, Inc.	0.10%	564,854	$38M	trimmed−42%	−0.21 pp	46 q
EXPOExponent Inc	0.10%	313,262	$36M	held	—	3 q
BZKANZHUN LIMITED American Depository Shares	0.10%	2,195,825	$38M	added+11%	−0.01 pp	7 q
MCMoelis & Company	0.10%	527,186	$36M	trimmed−4%	+0.01 pp	42 q
TMETencent Music Entertainment Group	0.10%	3,082,925	$37M	added+8%	−0.01 pp	3 q
VCYTVeracyte, Inc.	0.10%	1,125,806	$38M	held	—	22 q
ITGRInteger Holdings Corporation	0.09%	254,377	$33M	added+17%	+0.02 pp	2 q
JDJD.com, Inc.	0.09%	808,508	$32M	new	+0.09 pp	new
ONTOnterris, Inc.	0.09%	1,242,630	$33M	added+7%	−0.06 pp	17 q
IOTSamsara Inc.	0.09%	667,125	$32M	added+91%	+0.06 pp	2 q
SNOWSnowflake Inc.	0.09%	293,674	$34M	trimmed−20%	−0.05 pp	17 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.09%	56,890	$33M	added+2%	+0.01 pp	27 q
STVNStevanato Group S.p.A.	0.09%	1,685,181	$34M	added+1%	0.00 pp	12 q
AMHAmerican Homes 4 Rent	0.08%	757,006	$29M	trimmed−11%	−0.01 pp	30 q
ACLXArcellx, Inc.	0.08%	342,832	$29M	added0%	+0.03 pp	6 q
DTDynatrace, Inc.	0.08%	571,557	$31M	held	—	21 q
GFIGold Fields Ltd	0.08%	2,018,817	$31M	added+5%	0.00 pp	11 q
INVHInvitation Homes Inc.	0.08%	905,787	$32M	trimmed−46%	−0.09 pp	31 q
MACThe Macerich Company	0.08%	1,695,420	$31M	added×8.4	+0.07 pp	3 q
RPAYRepay Holdings Corporation Class A	0.08%	3,758,000	$31M	trimmed−4%	−0.04 pp	20 q
XYZBlock, Inc.	0.08%	457,751	$31M	added+6%	0.00 pp	18 q
VRSNVeriSign Inc	0.08%	154,738	$29M	trimmed−23%	−0.02 pp	46 q
VKTXViking Therapeutics, Inc	0.08%	474,644	$30M	trimmed−6%	0.00 pp	4 q
XPXP Inc. Class A	0.08%	1,622,997	$29M	trimmed−18%	−0.02 pp	20 q
WIXWIX.com Ltd.	0.08%	190,842	$32M	trimmed−13%	−0.02 pp	32 q
DUOLDuolingo, Inc. Class A	0.07%	91,512	$26M	new	+0.07 pp	new
MPWRMonolithic Power Systems, Inc.	0.07%	27,915	$26M	trimmed−5%	0.00 pp	14 q
PDDPDD Holdings Inc.	0.07%	185,362	$25M	trimmed−74%	−0.20 pp	4 q
RGENRepligen Corp	0.07%	167,019	$25M	trimmed−3%	+0.01 pp	9 q
TMOThermo Fisher Scientific, Inc.	0.07%	41,635	$26M	added+1%	0.00 pp	21 q
WTWWillis Towers Watson Public Limited Company	0.07%	95,295	$28M	added0%	0.00 pp	35 q
CDROCodere Online Luxembourg, S.A.	0.07%	3,503,284	$28M	trimmed−0%	−0.01 pp	12 q
ALKTAlkami Technology, Inc.	0.06%	670,127	$21M	added0%	+0.01 pp	14 q
BASECouchbase, Inc.	0.06%	1,410,647	$23M	trimmed−25%	−0.04 pp	13 q
DAVAEndava plc	0.06%	851,596	$22M	trimmed−54%	−0.10 pp	25 q
FOXFFox Factory Holding Corp.	0.06%	500,000	$21M	trimmed−26%	−0.03 pp	5 q
SPGIS&P Global Inc.	0.06%	45,241	$23M	added+3%	0.00 pp	27 q
SITMSiTime Corporation	0.06%	132,516	$23M	held	—	7 q
ESTAEstablishment Labs Holdings Inc.	0.06%	489,386	$21M	added+14%	0.00 pp	14 q
NVMINova Ltd.	0.06%	113,452	$24M	trimmed−24%	−0.04 pp	24 q
AAONAaon Inc	0.05%	164,959	$18M	trimmed−25%	0.00 pp	4 q
AMDAdvanced Micro Devices	0.05%	105,364	$17M	trimmed−54%	−0.06 pp	11 q
ABNBAirbnb, Inc. Class A	0.05%	134,000	$17M	new	+0.05 pp	new
GOOGAlphabet Inc. Class C	0.05%	112,898	$19M	added0%	−0.01 pp	42 q
APOApollo Global Management, Inc.	0.05%	137,429	$17M	added+3%	0.00 pp	7 q
TEAMAtlassian Corporation Class A	0.05%	124,018	$20M	added×3.4	+0.03 pp	8 q
DHRDanaher Corporation	0.05%	72,419	$20M	added+21%	+0.01 pp	27 q
EPACEnerpac Tool Group Corp.	0.05%	410,369	$17M	held	—	2 q
GCMGGCM Grosvenor Inc. Class A	0.05%	1,750,000	$20M	new	+0.05 pp	new
HUBSHubspot, Inc.	0.05%	37,926	$20M	added+20%	0.00 pp	15 q
IRMIron Mountain Inc.	0.05%	159,114	$19M	new	+0.05 pp	new
JEFJefferies Financial Group Inc.	0.05%	279,528	$17M	held	—	12 q
FWONALiberty Media Corporation Series A	0.05%	266,176	$19M	held	—	5 q
LLYEli Lilly & Co.	0.05%	23,000	$20M	trimmed−4%	−0.01 pp	10 q
LINELineage, Inc.	0.05%	261,228	$20M	new	+0.05 pp	new
MRVIMaravai LifeSciences Holdings, Inc. Class A	0.05%	2,123,651	$18M	held	—	8 q
MCOMoody's Corporation	0.05%	37,741	$18M	added+4%	+0.01 pp	26 q
NOVTNovanta Inc.	0.05%	106,455	$19M	held	—	30 q
TWFGTWFG, Inc.	0.05%	728,748	$20M	new	+0.05 pp	new
YUMCYum China Holdings, Inc.	0.05%	392,632	$18M	trimmed−17%	+0.01 pp	17 q
ZSZscaler, Inc.	0.05%	100,272	$17M	trimmed−6%	−0.01 pp	27 q
GLOBGlobant S.a.	0.05%	93,460	$19M	trimmed−1%	0.00 pp	34 q
GOOGLAlphabet Inc. Class A	0.04%	87,950	$15M	trimmed−18%	−0.02 pp	37 q
COLDAmericold Realty Trust, Inc.	0.04%	500,000	$14M	trimmed−41%	−0.02 pp	27 q
BSXBoston Scientific Corp.	0.04%	159,000	$13M	held	—	6 q
KKRKKR & Co. Inc.	0.04%	117,954	$15M	added×15.9	+0.04 pp	2 q
LPLALPL Financial Holdings Inc.	0.04%	65,448	$15M	trimmed−48%	−0.06 pp	12 q
RDDTReddit, Inc.	0.04%	221,254	$15M	added+5%	0.00 pp	3 q
RCKTRocket Pharmaceuticals, Inc.	0.04%	884,341	$16M	trimmed−10%	−0.02 pp	9 q
SBACSBA Communications Corp	0.04%	56,879	$14M	trimmed−60%	−0.04 pp	32 q
FVRRFiverr International Ltd.	0.04%	543,820	$14M	trimmed−1%	0.00 pp	22 q
ADBEAdobe Inc.	0.03%	19,136	$10M	trimmed−23%	−0.01 pp	28 q
AAgilent Technologies Inc.	0.03%	78,663	$12M	trimmed−4%	0.00 pp	46 q
AZNNAstrazeneca Plc-spons ADR	0.03%	133,244	$10M	trimmed−11%	0.00 pp	26 q
BILLBILL Holdings, Inc.	0.03%	196,261	$10M	trimmed−0%	0.00 pp	20 q
FBINFortune Brands Innovations, Inc.	0.03%	106,410	$10M	held	—	18 q
INTUIntuit Inc	0.03%	21,007	$13M	trimmed−14%	−0.02 pp	19 q
RHRh	0.03%	33,495	$11M	held	—	8 q
TEMTempus AI, Inc. Class A	0.03%	225,800	$13M	trimmed−71%	−0.05 pp	2 q
VTRVentas, Inc.	0.03%	197,421	$13M	added×2.1	+0.02 pp	2 q
VRTXVertex Pharmaceuticals Inc	0.03%	23,000	$11M	held	—	10 q
WYNNWynn Resorts Ltd	0.03%	102,516	$10M	trimmed−86%	−0.16 pp	7 q
ADCAgree Realty Corporation	0.02%	95,040	$7M	new	+0.02 pp	new
ELVElevance Health, Inc.	0.02%	11,600	$6M	held	—	9 q
BYDBoyd Gaming Corporation	0.02%	107,963	$7M	held	—	31 q
BRXBrixmor Property Group Inc.	0.02%	255,165	$7M	new	+0.02 pp	new
CMECME Group Inc.	0.02%	26,113	$6M	trimmed−30%	0.00 pp	46 q
CDNSCadence Design Systems	0.02%	33,615	$9M	added+96%	0.00 pp	2 q
COSTCostco Wholesale Corp	0.02%	7,370	$7M	trimmed−4%	0.00 pp	27 q
HCAHCA Healthcare, Inc.	0.02%	18,300	$7M	held	—	8 q
DOCHealthpeak Properties, Inc.	0.02%	299,579	$7M	trimmed−12%	0.00 pp	2 q
HLLYHolley Inc.	0.02%	3,000,000	$9M	trimmed−40%	−0.03 pp	13 q
LEGNLegend Biotech Corporation	0.02%	168,158	$8M	trimmed−46%	−0.02 pp	8 q
VACMarriott Vacations Worldwide Corporation	0.02%	79,801	$6M	trimmed−11%	0.00 pp	46 q
MRKMerck & Co., Inc.	0.02%	52,400	$6M	trimmed−42%	−0.01 pp	11 q
PKPark Hotels & Resorts Inc.	0.02%	495,753	$7M	added+38%	0.00 pp	3 q
STEPStepStone Group Inc. Class A	0.02%	165,703	$9M	held	—	7 q
SYKStryker Corporation	0.02%	22,000	$8M	held	—	4 q
TKOTKO Group Holdings, Inc.	0.02%	51,331	$6M	held	—	5 q
TXNTexas Instruments Incorporated	0.02%	32,488	$7M	trimmed−1%	0.00 pp	27 q
ACNAccenture PLC	0.02%	25,678	$9M	trimmed−1%	0.00 pp	27 q
ACVAACV Auctions Inc.	0.01%	156,395	$3M	held	—	15 q
AEMAgnico Eagle Mines Ltd.	0.01%	52,746	$4M	trimmed−9%	0.00 pp	11 q
BNTXBioNTech SE	0.01%	18,574	$2M	added+89%	+0.01 pp	16 q
CERTCertara, Inc.	0.01%	240,000	$3M	held	—	16 q
FRTFederal Realty Investment Trust	0.01%	17,880	$2M	trimmed−25%	0.00 pp	2 q
FRFirst Industrial Realty Trust, Inc.	0.01%	91,396	$5M	added+96%	0.00 pp	7 q
FISVFiserv, Inc.	0.01%	13,300	$2M	held	—	9 q
GKOSGlaukos Corporation	0.01%	20,000	$3M	held	—	2 q
HDBHDFC Bank Limited	0.01%	44,698	$3M	trimmed−8%	0.00 pp	12 q
HGVHilton Grand Vacations Inc.	0.01%	116,200	$4M	held	—	31 q
IRTIndependence Realty Trust Inc.	0.01%	247,346	$5M	trimmed−24%	−0.01 pp	2 q
INSMInsmed, Inc.	0.01%	40,500	$3M	new	+0.01 pp	new
LOARLoar Holdings Inc.	0.01%	75,802	$6M	trimmed−75%	−0.04 pp	2 q
MANHManhattan Associates Inc	0.01%	16,239	$5M	trimmed−24%	−0.01 pp	41 q
MLMMartin Marietta Materials	0.01%	10,068	$5M	trimmed−85%	−0.10 pp	2 q
MUFGMitsubishi UFJ Financial Group, Inc.	0.01%	295,681	$3M	trimmed−14%	0.00 pp	7 q
NTRANatera, Inc.	0.01%	35,000	$4M	trimmed−15%	0.00 pp	4 q
NDSNNordson Corp	0.01%	16,268	$4M	held	—	10 q
NVONovo-Nordisk A/S	0.01%	33,995	$4M	trimmed−26%	−0.01 pp	4 q
POOLPool Corporation	0.01%	12,665	$5M	held	—	20 q
PGRProgressive Corporation	0.01%	11,600	$3M	held	—	10 q
RDNTRadNet, Inc.	0.01%	35,000	$2M	held	—	3 q
REGNRegeneron Pharmaceuticals Inc	0.01%	4,500	$5M	new	+0.01 pp	new
RIVNRivian Automotive, Inc. Class A	0.01%	226,546	$3M	trimmed−83%	−0.04 pp	12 q
RHIRobert Half Inc.	0.01%	70,707	$5M	trimmed−1%	0.00 pp	46 q
RHPRyman Hospitality Properties, Inc	0.01%	42,473	$5M	added+11%	0.00 pp	2 q
SPGSimon Property Group, Inc.	0.01%	26,141	$4M	trimmed−39%	−0.01 pp	4 q
THCTenet Healthcare Corporation New	0.01%	25,000	$4M	added×2.0	+0.01 pp	2 q
RAREUltragenyx Pharmaceutical Inc.	0.01%	48,000	$3M	new	+0.01 pp	new
PCVXVaxcyte, Inc.	0.01%	31,000	$4M	new	+0.01 pp	new
XENEXenon Pharmaceuticals Inc	0.01%	100,100	$4M	held	—	12 q
ZTSZoetis Inc.	0.01%	17,000	$3M	held	—	20 q
BHVNBiohaven Ltd.	0.01%	45,000	$2M	added+29%	+0.01 pp	2 q
ALXAlexander's Inc.	0.00%	5,000	$1M	held	—	46 q
BRK.ABerkshire Hathaway Inc.	0.00%	1	$691,180	held	—	33 q
BLQADBlackrock Inc	0.00%	1,200	$1M	trimmed−20%	0.00 pp	27 q
KMXCarMax Inc.	0.00%	14,098	$1M	trimmed−16%	0.00 pp	46 q
CYHCommunity Health Systems, Inc.	0.00%	100	$607	held	—	46 q
DKSDick's Sporting Goods, Inc.	0.00%	3,831	$799,530	held	—	11 q
EWEdwards Lifesciences Corp	0.00%	5,190	$342,488	trimmed−89%	−0.01 pp	46 q
ENVEnvestnet, Inc.	0.00%	17,087	$1M	held	—	44 q
EFXEquifax, Incorporated	0.00%	2,900	$852,194	added+7%	0.00 pp	11 q
FASTFastenal Co	0.00%	2,330	$166,409	held	—	46 q
GMABGenmab A/S	0.00%	72,374	$2M	trimmed−17%	−0.01 pp	16 q
GPNGlobal Payments, Inc.	0.00%	8,000	$819,360	trimmed−5%	0.00 pp	19 q
GSGoldman Sachs Group Inc.	0.00%	800	$396,088	held	—	33 q
GRALGRAIL, Inc.	0.00%	7,923	$109,020	trimmed−38%	0.00 pp	2 q
JKHYHenry (Jack) & Associates	0.00%	6,000	$1M	added+1%	0.00 pp	19 q
HDHome Depot, Inc.	0.00%	2,000	$810,400	held	—	44 q
IMVTImmunovant, Inc.	0.00%	30,000	$855,300	trimmed−45%	0.00 pp	4 q
unresolvedInnovid Corp	0.00%	191,161	$344,090	held	—	12 q
KYMRKymera Therapeutics, Inc.	0.00%	25,000	$1M	new	0.00 pp	new
LRCXLam Research Corp	0.00%	831	$678,162	trimmed−93%	−0.04 pp	11 q
LBRDKLiberty Broadband Corporation Class C	0.00%	12,749	$985,370	held	—	40 q
LFUSLittelfuse Inc	0.00%	2,317	$614,584	trimmed−86%	−0.01 pp	35 q
MBLYMobileye Global Inc. Class A	0.00%	25,108	$343,980	trimmed−96%	−0.06 pp	8 q
MDBMongoDB, Inc. Class A	0.00%	1,661	$449,051	added0%	0.00 pp	11 q
TROWT Rowe Price Group Inc	0.00%	15,260	$2M	trimmed−4%	−0.01 pp	46 q
PGProcter & Gamble Company	0.00%	1,796	$311,067	held	—	33 q
PSAPublic Storage	0.00%	1	$364	trimmed−100%	0.00 pp	15 q
QCOMQualcomm Inc	0.00%	4,000	$680,200	held	—	33 q
SJMThe J.M. Smucker Company	0.00%	251	$30,396	held	—	33 q
SGRYSurgery Partners, Inc.	0.00%	40,000	$1M	trimmed−53%	−0.01 pp	4 q
VWOVanguard FTSE Emerging Markets ETF	0.00%	14,069	$673,202	new	0.00 pp	new
VCTRVictory Capital Holdings, Inc. Class A	0.00%	16,596	$919,418	held	—	8 q
WDAYWorkday, Inc. Class A	0.00%	1,578	$385,679	trimmed−21%	0.00 pp	15 q
CINTCI&T Inc	0.00%	25,830	$175,386	held	—	12 q
ESNTEssent Group LTD	0.00%	18,653	$1M	trimmed−96%	−0.09 pp	33 q
MANUManchester United PLC	0.00%	111,479	$2M	held	—	46 q
TBLATaboola.com Ltd.	0.00%	120,899	$406,221	trimmed−77%	−0.01 pp	14 q
BIDUBaidu, Inc.	—	−396,819	—	exited	−0.10 pp	—
SILKSilk Road Medical, Inc.	—	−1,279,115	—	exited	−0.10 pp	—
SPTSprout Social, Inc Class A	—	−750,000	—	exited	−0.08 pp	—
EWCZEuropean Wax Center, Inc. Class A	—	−2,000,000	—	exited	−0.06 pp	—
DHDefinitive Healthcare Corp. Class A	—	−3,491,471	—	exited	−0.05 pp	—
MRVLMarvell Technology, Inc.	—	−191,401	—	exited	−0.04 pp	—
MCKMcKesson Corporation	—	−10,800	—	exited	−0.02 pp	—
TXG10x Genomics, Inc. Class A	—	−314,862	—	exited	−0.02 pp	—
9213421DBrookfield Renewable Cor-a	—	−68,643	—	exited	−0.01 pp	—
HLNEHamilton Lane Incorporated Class A	—	−27,279	—	exited	−0.01 pp	—
IRTCiRhythm Holdings, Inc.	—	−46,500	—	exited	−0.01 pp	—
RVNCRevance Therapeutics, Inc.	—	−1,023,663	—	exited	−0.01 pp	—
SUISun Communities, Inc	—	−33,944	—	exited	−0.01 pp	—
JSPRJasper Therapeutics, Inc.	—	−20,000	—	exited	0.00 pp	—
MUMicron Technology, Inc.	—	−3,371	—	exited	0.00 pp	—
TPHTri Pointe Homes, Inc.	—	−33,730	—	exited	0.00 pp	—
VGTVanguard Information Technology ETF	—	−15	—	exited	0.00 pp	—
VTSVitesse Energy, Inc..	—	−1,318	—	exited	0.00 pp	—
0VQJLTe Connectivity Ltd	—	−6,675	—	exited	0.00 pp	—