Coatue

Q4 2019 13F · by Philippe Laffont, founder

As of: Dec 31, 2019
Filed: Feb 13, 2020
US stock: $12.6B · prev $11.7B
Positions: 383 · prev 215
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%

Moves479 since the prior filing

+21.8 pp in · −23.1 pp out

New 268 +2.19 pp
Added 42 +19.65 pp
Trimmed 69 −13.90 pp
Exited 100 −9.22 pp

The book

Focused · behaves like 25 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 81% a year, about 1.2 years per position

Low
Moderate
High

Top 5 positions32% of US stock

Positions383 in this filing · 100 exited


LBRDKLiberty Broadband Corporation Class C	8.05%	8,044,273	$1.0B	held	—	15 q
BABAAlibaba Group Holding Limited	6.75%	4,001,391	$849M	added+2%	+1.15 pp	14 q
NOWServicenow, Inc.	6.15%	2,736,759	$773M	added+1%	+0.24 pp	7 q
METAMeta Platforms, Inc. Class A	5.74%	3,513,820	$721M	added0%	+0.38 pp	26 q
MSFTMicrosoft Corp	5.21%	4,148,847	$654M	added+4%	+0.44 pp	9 q
MAMastercard Incorporated	5.00%	2,103,363	$628M	trimmed−0%	+0.10 pp	5 q
TWTRTwitter, Inc.	4.96%	19,471,142	$624M	added×6.0	+3.81 pp	2 q
NFLXNetFlix Inc	4.58%	1,777,411	$575M	trimmed−7%	+0.18 pp	27 q
AMZNAmazon.Com Inc	3.88%	263,980	$488M	trimmed−1%	−0.09 pp	27 q
PLANAnaplan, Inc.	3.80%	9,107,414	$477M	trimmed−29%	−1.36 pp	5 q
ADBEAdobe Inc.	3.65%	1,391,364	$459M	trimmed−0%	+0.36 pp	10 q
GPNGlobal Payments, Inc.	3.61%	2,484,373	$454M	trimmed−39%	−1.95 pp	3 q
NVDANvidia Corp	3.16%	1,690,547	$398M	added×8.1	+2.85 pp	14 q
RNGRingcentral, Inc.	2.86%	2,134,386	$360M	added×4.8	+2.38 pp	2 q
PYPLPayPal Holdings, Inc.	2.64%	3,069,780	$332M	trimmed−1%	−0.11 pp	16 q
AIYActivision Blizzard Inc	2.55%	5,397,226	$321M	trimmed−11%	−0.20 pp	21 q
PODDInsulet Corporation	2.19%	1,604,385	$275M	added×2.3	+1.19 pp	2 q
DTDynatrace, Inc.	2.02%	10,035,334	$254M	added×17.8	+1.93 pp	2 q
SMARSmartsheet Inc.	1.94%	5,428,500	$244M	added×7.5	+1.72 pp	3 q
SESea Limited	1.87%	5,858,917	$236M	added+26%	+0.64 pp	3 q
SNAPSnap Inc.	1.78%	13,670,993	$223M	added+30%	+0.36 pp	2 q
WDAYWorkday, Inc. Class A	1.78%	1,362,731	$224M	added×3.3	+1.18 pp	5 q
AVGOBroadcom Inc.	1.73%	688,386	$218M	trimmed−7%	−0.03 pp	7 q
SHOPShopify Inc. Class A subordinate voting shares	1.63%	516,248	$205M	trimmed−5%	+0.17 pp	11 q
XYZBlock, Inc.	1.43%	2,874,873	$180M	trimmed−52%	−1.75 pp	3 q
ISRGIntuitive Surgical Inc.	1.33%	282,798	$167M	trimmed−47%	−1.14 pp	3 q
GHGuardant Health, Inc.	1.21%	1,951,880	$153M	added×2.5	+0.78 pp	3 q
EAElectronic Arts Inc	1.13%	1,323,687	$142M	held	—	21 q
OKTAOkta, Inc. Class A	0.69%	749,398	$86M	trimmed−14%	−0.05 pp	4 q
UBERUber Technologies, Inc.	0.61%	2,597,324	$77M	trimmed−75%	−2.12 pp	3 q
XRXXerox Holdings Corporation	0.58%	1,971,876	$73M	new	+0.58 pp	new
STNEStoneCo Ltd. Class A	0.55%	1,748,773	$70M	trimmed−3%	+0.01 pp	3 q
ILMNIllumina Inc	0.44%	167,810	$56M	trimmed−1%	0.00 pp	2 q
CRMSalesforce, Inc.	0.30%	228,582	$37M	held	—	6 q
VVISA Inc.	0.29%	191,172	$36M	trimmed−92%	−3.04 pp	6 q
PDDPDD Holdings Inc.	0.23%	753,336	$28M	added×2.8	+0.16 pp	2 q
SFIXStitch Fix, Inc. Class A	0.22%	1,094,689	$28M	new	+0.22 pp	new
BYNDBeyond Meat, Inc.	0.21%	343,352	$26M	new	+0.21 pp	new
IQVIQVIA Holdings Inc.	0.21%	172,444	$27M	trimmed−47%	−0.21 pp	2 q
INTUIntuit Inc	0.18%	87,466	$23M	trimmed−82%	−0.92 pp	5 q
LKNCYLuckin Coffee Inc SP/	0.16%	514,823	$20M	held	—	3 q
DDOGDatadog, Inc. Class A	0.15%	501,901	$19M	added0%	0.00 pp	2 q
PTONPeloton Interactive, Inc. Class A	0.09%	399,543	$11M	new	+0.09 pp	new
WWayfair Inc.	0.09%	121,316	$11M	added+94%	+0.03 pp	3 q
SCHWThe Charles Schwab Corporation	0.07%	191,799	$9M	new	+0.07 pp	new
MKCMcCormick & Company, Incorporated Non-VTG CS	0.05%	34,071	$6M	added+75%	+0.02 pp	3 q
BUDAnheuser-Busch INBEV SA/NV	0.04%	54,636	$4M	added×2.4	+0.02 pp	2 q
BF.BBrown-Forman Corporation Class B	0.04%	73,559	$5M	added×10.8	+0.04 pp	4 q
CPBThe Campbell's Company	0.04%	95,269	$5M	new	+0.04 pp	new
STZConstellation Brands, Inc.	0.04%	26,309	$5M	added×2.7	+0.02 pp	3 q
FRPTFreshpet, Inc.	0.04%	83,246	$5M	added×3.3	+0.03 pp	4 q
KHCThe Kraft Heinz Company	0.04%	152,413	$5M	new	+0.04 pp	new
MDLZMondelez International, Inc. Class A	0.04%	84,691	$5M	added×3.3	+0.03 pp	4 q
MNSTMonster Beverage Corporation	0.04%	73,486	$5M	added×4.8	+0.03 pp	3 q
TSNTyson Foods, Inc.	0.04%	49,875	$5M	added×2.7	+0.03 pp	3 q
GDOTGreen Dot Corporation	0.03%	164,298	$4M	trimmed−87%	−0.24 pp	3 q
EWUiShares MSCI United Kingdom ETF	0.03%	97,512	$3M	added×11.3	+0.03 pp	3 q
JCPJ.C. Penney Company, Inc.	0.03%	3,429,321	$4M	added+83%	+0.02 pp	2 q
SMPLThe Simply Good Foods Company	0.03%	136,581	$4M	added×8.2	+0.03 pp	3 q
VTIVanguard Morningstar Total Stock Market ETF	0.03%	25,156	$4M	trimmed−40%	−0.02 pp	2 q
CARAvis Budget Group, Inc.	0.02%	63,460	$2M	new	+0.02 pp	new
CRICarter's Inc.	0.02%	18,148	$2M	new	+0.02 pp	new
CMGChipotle Mexican Grill, Inc.	0.02%	2,426	$2M	trimmed−21%	0.00 pp	9 q
CLColgate-Palmolive Company	0.02%	28,846	$2M	new	+0.02 pp	new
COSTCostco Wholesale Corp	0.02%	6,477	$2M	added×2.6	+0.01 pp	6 q
COUPCoupa Software Incorporated	0.02%	20,195	$3M	added×3.1	+0.01 pp	2 q
CROXCrocs, Inc.	0.02%	61,400	$3M	new	+0.02 pp	new
EXPEExpedia Group, Inc.	0.02%	24,297	$3M	new	+0.02 pp	new
GAPThe Gap, Inc.	0.02%	118,546	$2M	new	+0.02 pp	new
GLUUGlu Mobile Inc.	0.02%	337,029	$2M	trimmed−44%	−0.01 pp	3 q
TWNKHostess Brands, Inc. Class A	0.02%	195,808	$3M	added×5.2	+0.02 pp	3 q
KDPKeurig Dr Pepper Inc.	0.02%	82,560	$2M	new	+0.02 pp	new
MMacy's Inc.	0.02%	136,320	$2M	trimmed−94%	−0.29 pp	4 q
TAPMolson Coors Beverage Company Class B	0.02%	55,827	$3M	added×3.5	+0.01 pp	2 q
PZZAPapa John's International Inc	0.02%	44,816	$3M	trimmed−40%	−0.01 pp	4 q
WBAWalgreens Boots Alliance, Inc	0.02%	34,732	$2M	new	+0.02 pp	new
WIXWIX.com Ltd.	0.02%	16,839	$2M	trimmed−81%	−0.07 pp	3 q
AMCXAMC Global Media Inc. Class A	0.01%	22,699	$897,000	new	+0.01 pp	new
AANAaron's Inc	0.01%	16,383	$936,000	new	+0.01 pp	new
ABBVAbbvie Inc.	0.01%	8,406	$744,000	new	+0.01 pp	new
OPTUOptimum Communications, Inc.	0.01%	34,970	$956,000	new	+0.01 pp	new
AAPLApple Inc.	0.01%	2,149	$631,000	new	+0.01 pp	new
AMATApplied Materials Inc	0.01%	11,507	$702,000	trimmed−93%	−0.06 pp	2 q
BKRBaker Hughes Company	0.01%	28,085	$720,000	new	+0.01 pp	new
HRBH&R Block, Inc.	0.01%	60,430	$1M	new	+0.01 pp	new
BABoeing Company	0.01%	2,551	$831,000	new	+0.01 pp	new
SAMBoston Beer Company	0.01%	4,082	$2M	added×2.4	0.00 pp	3 q
BURLBurlington Stores, Inc.	0.01%	6,068	$1M	new	+0.01 pp	new
CALCaleres Inc	0.01%	54,724	$1M	added+22%	0.00 pp	3 q
CVNACarvana Co.	0.01%	9,793	$901,000	new	+0.01 pp	new
CTXSCitrix Systems Inc	0.01%	8,429	$935,000	new	+0.01 pp	new
COHRCoherent Corp.	0.01%	3,954	$658,000	new	+0.01 pp	new
unresolvedColfax Corp	0.01%	18,948	$689,000	new	+0.01 pp	new
COLMColumbia Sportswear Co	0.01%	6,770	$678,000	new	+0.01 pp	new
VISNVistance Networks, Inc.	0.01%	79,772	$1M	new	+0.01 pp	new
CAGConagra Brands, Inc.	0.01%	19,928	$682,000	new	+0.01 pp	new
CXOConcho Resources Inc.	0.01%	9,967	$873,000	new	+0.01 pp	new
CONNQConn's Inc	0.01%	52,657	$652,000	new	+0.01 pp	new
CLGXCorelogic, Inc.	0.01%	14,752	$645,000	new	+0.01 pp	new
CBRLCracker Barrel Old Country Store, Inc,.	0.01%	10,272	$2M	trimmed−37%	−0.01 pp	3 q
DRIDarden Restaurants, Inc.	0.01%	7,648	$834,000	trimmed−17%	0.00 pp	3 q
DEDeere & Company	0.01%	4,414	$765,000	new	+0.01 pp	new
DALDelta Air Lines, Inc.	0.01%	18,821	$1M	new	+0.01 pp	new
DENNDenny's Corp	0.01%	34,368	$683,000	trimmed−67%	−0.01 pp	3 q
FANGDiamondback Energy, Inc.	0.01%	6,858	$637,000	new	+0.01 pp	new
DKSDick's Sporting Goods, Inc.	0.01%	23,458	$1M	trimmed−84%	−0.04 pp	3 q
DISThe Walt Disney Company	0.01%	4,405	$637,000	trimmed−93%	−0.06 pp	2 q
DISHDISH Network Corp.	0.01%	21,782	$773,000	new	+0.01 pp	new
DBXDropbox, Inc. Class A	0.01%	39,162	$701,000	added+53%	+0.01 pp	2 q
DNKNDunkin' Brands Group, Inc.	0.01%	16,853	$1M	trimmed−63%	−0.02 pp	5 q
LOCOEl Pollo Loco Holdings, Inc.	0.01%	84,879	$1M	new	+0.01 pp	new
EBAYeBay Inc	0.01%	25,254	$912,000	new	+0.01 pp	new
ESIElement Solutions Inc.	0.01%	74,146	$866,000	new	+0.01 pp	new
ETSYEtsy, Inc.	0.01%	17,760	$787,000	trimmed−89%	−0.07 pp	2 q
GIIIG-Iii Apparel Group Ltd	0.01%	39,763	$1M	trimmed−34%	0.00 pp	2 q
ITGartner, Inc.	0.01%	5,107	$787,000	new	+0.01 pp	new
unresolvedGrubhub Inc	0.01%	12,930	$629,000	new	+0.01 pp	new
HN9Hanesbrands Inc	0.01%	121,043	$2M	added×5.6	+0.01 pp	2 q
HEIHEICO Corporation	0.01%	6,082	$694,000	new	+0.01 pp	new
HTZGQHertz Global Holdings Inc	0.01%	58,937	$928,000	trimmed−89%	−0.05 pp	7 q
HGVHilton Grand Vacations Inc.	0.01%	19,155	$659,000	new	+0.01 pp	new
HRLHormel Foods Corporation	0.01%	29,176	$1M	new	+0.01 pp	new
IPGPIPG Photonics Corporation	0.01%	5,564	$806,000	new	+0.01 pp	new
INCYIncyte Genomics Inc	0.01%	10,471	$914,000	new	+0.01 pp	new
IRBTiRobot Corporation	0.01%	22,188	$1M	new	+0.01 pp	new
EWHiShares MSCI Hong Kong ETF	0.01%	49,558	$1M	new	+0.01 pp	new
KSSKohls Corporation	0.01%	12,522	$638,000	trimmed−85%	−0.03 pp	2 q
LKQLKQ Corporation	0.01%	18,114	$647,000	new	+0.01 pp	new
LZBLa-Z-Boy Incorporated	0.01%	37,848	$1M	new	+0.01 pp	new
LWLamb Weston Holdings, Inc.	0.01%	11,006	$947,000	new	+0.01 pp	new
LELands' End, Inc.	0.01%	87,344	$1M	added×6.4	+0.01 pp	2 q
LIILennox International Inc.	0.01%	3,072	$749,000	new	+0.01 pp	new
LULUlululemon athletica inc.	0.01%	7,851	$2M	trimmed−50%	−0.02 pp	3 q
MKTXMarketAxess Holdings Inc.	0.01%	2,547	$966,000	new	+0.01 pp	new
MARMarriott International Class A	0.01%	5,131	$777,000	new	+0.01 pp	new
MDLAMedallia Inc	0.01%	40,201	$1M	new	+0.01 pp	new
MRKMerck & Co., Inc.	0.01%	11,019	$1M	new	+0.01 pp	new
MIDDMiddleby Corp	0.01%	7,988	$875,000	new	+0.01 pp	new
MHKMohawk Industries, Inc.	0.01%	5,847	$797,000	new	+0.01 pp	new
MNROMonro, Inc.	0.01%	12,952	$1M	new	+0.01 pp	new
NFGNational Fuel Gas Co.	0.01%	14,623	$681,000	new	+0.01 pp	new
NBLNoble Energy, Inc.	0.01%	27,176	$675,000	new	+0.01 pp	new
GENGen Digital Inc.	0.01%	63,423	$2M	new	+0.01 pp	new
ODFLOld Dominion Freight Line	0.01%	3,782	$718,000	new	+0.01 pp	new
PPLPPL Corporation	0.01%	24,656	$885,000	new	+0.01 pp	new
PTCPtc, Inc	0.01%	13,466	$1M	new	+0.01 pp	new
PETSPetMed Express, Inc.	0.01%	63,483	$1M	new	+0.01 pp	new
PMPhilip Morris International Inc.	0.01%	10,002	$851,000	new	+0.01 pp	new
PLNTPlanet Fitness, Inc.	0.01%	8,587	$641,000	trimmed−83%	−0.01 pp	2 q
PGProcter & Gamble Company	0.01%	10,515	$1M	trimmed−50%	−0.01 pp	4 q
unresolvedQurate Retail Inc	0.01%	197,218	$2M	new	+0.01 pp	new
RPRealPage, Inc.	0.01%	11,742	$631,000	new	+0.01 pp	new
RRGBRed Robin Gourmet Burgers Inc	0.01%	38,047	$1M	trimmed−67%	−0.02 pp	3 q
ROKURoku, Inc. Class A	0.01%	10,762	$1M	new	+0.01 pp	new
ROLRollins, Inc.	0.01%	21,690	$719,000	added+52%	+0.01 pp	2 q
ROSTRoss Stores Inc	0.01%	10,697	$1M	trimmed−76%	−0.03 pp	5 q
SPGIS&P Global Inc.	0.01%	2,947	$805,000	new	+0.01 pp	new
FEZState Street SPDR EURO STOXX 50 ETF	0.01%	32,717	$1M	new	+0.01 pp	new
SIX1Six Flags Entertainment Corp.	0.01%	25,574	$1M	new	+0.01 pp	new
LUVSouthwest Airlines Co.	0.01%	32,148	$2M	added×4.6	+0.01 pp	2 q
S9QSpirit Aerosystems Hold-cl A	0.01%	14,242	$1M	new	+0.01 pp	new
SFMSprouts Farmers Market, Inc.	0.01%	37,235	$721,000	trimmed−78%	−0.02 pp	2 q
STMPStamps.com, Inc.	0.01%	17,045	$1M	new	+0.01 pp	new
SPHSuburban Propane Partners L P	0.01%	30,022	$656,000	new	+0.01 pp	new
TJXTJX Companies, Inc. (The)	0.01%	18,153	$1M	trimmed−69%	−0.02 pp	8 q
TLRDQTailored Brands Inc	0.01%	250,980	$1M	new	+0.01 pp	new
TPRTapestry, Inc.	0.01%	47,898	$1M	new	+0.01 pp	new
TDCTeradata Corporation	0.01%	35,780	$958,000	new	+0.01 pp	new
TTDThe Trade Desk, Inc.	0.01%	3,021	$785,000	new	+0.01 pp	new
MMM3M Company	0.01%	6,711	$1M	new	+0.01 pp	new
TSCOTractor Supply Co	0.01%	11,882	$1M	new	+0.01 pp	new
THSTreehouse Foods, Inc.	0.01%	25,481	$1M	new	+0.01 pp	new
TPBTurning Point Brands, Inc.	0.01%	63,001	$2M	added×4.8	+0.01 pp	3 q
UALUnited Airlines Holdings, Inc.	0.01%	7,824	$689,000	new	+0.01 pp	new
URBNUrban Outfitters Inc	0.01%	65,372	$2M	new	+0.01 pp	new
VMWVMware, Inc	0.01%	4,414	$670,000	trimmed−22%	0.00 pp	2 q
WABWabtec Inc.	0.01%	15,252	$1M	new	+0.01 pp	new
WSMWilliams-Sonoma, Inc.	0.01%	21,696	$2M	added+14%	0.00 pp	6 q
WWEWorld Wrestling Entertainment	0.01%	13,022	$845,000	new	+0.01 pp	new
YETIYETI Holdings, Inc.	0.01%	35,819	$1M	new	+0.01 pp	new
ZZillow Group, Inc. Class C	0.01%	40,116	$2M	trimmed−91%	−0.10 pp	9 q
ZUMZZumiez Inc.	0.01%	28,428	$982,000	trimmed−80%	−0.03 pp	3 q
JHGJanus Henderson Group PLC	0.01%	31,063	$759,000	new	+0.01 pp	new
MDTMedtronic plc	0.01%	6,055	$687,000	new	+0.01 pp	new
SIGSignet Jewelers Limited	0.01%	60,977	$1M	new	+0.01 pp	new
AESAES Corporation	0.00%	27,637	$550,000	new	0.00 pp	new
ANFAbercrombie & Fitch Co.	0.00%	27,068	$468,000	new	0.00 pp	new
ABMDAbiomed Inc	0.00%	2,704	$461,000	new	0.00 pp	new
ADPTAdaptive Biotechnologies Corporation	0.00%	9,196	$275,000	new	0.00 pp	new
AMDAdvanced Micro Devices	0.00%	5,714	$262,000	new	0.00 pp	new
AMGAffiliated Managers Group	0.00%	6,792	$576,000	new	0.00 pp	new
AAgilent Technologies Inc.	0.00%	5,196	$443,000	new	0.00 pp	new
APDAir Products & Chemicals, Inc.	0.00%	1,316	$309,000	new	0.00 pp	new
ALKAlaska Air Group, Inc.	0.00%	4,335	$294,000	trimmed−19%	0.00 pp	2 q
AAAlcoa Corporation	0.00%	9,410	$202,000	new	0.00 pp	new
BFHBread Financial Holdings, Inc.	0.00%	4,570	$513,000	new	0.00 pp	new
AIGAmerican International Group, Inc.	0.00%	12,091	$621,000	new	0.00 pp	new
COLDAmericold Realty Trust, Inc.	0.00%	11,051	$387,000	new	0.00 pp	new
ARAntero Resources Corporation	0.00%	43,695	$125,000	new	0.00 pp	new
ELVElevance Health, Inc.	0.00%	1,079	$326,000	new	0.00 pp	new
9990302DApache Corp	0.00%	13,548	$347,000	new	0.00 pp	new
APYChampionX Corporation	0.00%	8,220	$278,000	new	0.00 pp	new
ATRAptarGroup, Inc.	0.00%	1,795	$208,000	new	0.00 pp	new
ADMArcher Daniels Midland Company	0.00%	4,323	$200,000	new	0.00 pp	new
AIZAssurant, Inc.	0.00%	2,286	$300,000	new	0.00 pp	new
ADSKAutodesk Inc	0.00%	1,316	$241,000	trimmed−77%	−0.01 pp	2 q
AVYAvery Dennison Corp.	0.00%	4,026	$527,000	new	0.00 pp	new
BGSB&G Foods, Inc.	0.00%	24,310	$436,000	new	0.00 pp	new
BGCPBGC Partners, Inc.	0.00%	19,954	$119,000	new	0.00 pp	new
BJBJs Wholesale Club Holdings, Inc.	0.00%	20,763	$472,000	new	0.00 pp	new
OZKBank OZK	0.00%	18,086	$552,000	new	0.00 pp	new
BRBRBellRing Brands, Inc.	0.00%	25,837	$550,000	new	0.00 pp	new
TECHBio-Techne Corp.	0.00%	1,668	$366,000	new	0.00 pp	new
BJRIBJ's Restaurants, Inc.	0.00%	14,895	$565,000	new	0.00 pp	new
BLMNBloomin' Brands, Inc.	0.00%	9,313	$206,000	new	0.00 pp	new
unresolvedBluebird Bio Inc	0.00%	3,385	$297,000	new	0.00 pp	new
BOOTBoot Barn Holdings, Inc.	0.00%	5,737	$255,000	new	0.00 pp	new
BFAMBright Horizons Family Solutions Inc.	0.00%	2,720	$409,000	new	0.00 pp	new
AAMIAcadian Asset Management Inc.	0.00%	10,005	$102,000	new	0.00 pp	new
BRKRBruker Corporation	0.00%	7,190	$366,000	new	0.00 pp	new
CDKCDK Global, Inc.	0.00%	6,568	$359,000	new	0.00 pp	new
CTRACoterra Energy Inc.	0.00%	15,200	$265,000	new	0.00 pp	new
CZRCaesars Entertainment, Inc.	0.00%	19,486	$265,000	new	0.00 pp	new
CPTCamden Property Trust	0.00%	3,330	$353,000	new	0.00 pp	new
CASYCasey's General Stores Inc	0.00%	1,400	$223,000	new	0.00 pp	new
DAYDayforce, Inc.	0.00%	6,147	$417,000	trimmed−65%	−0.01 pp	2 q
CHGGChegg, Inc.	0.00%	6,690	$254,000	new	0.00 pp	new
CCThe Chemours Company	0.00%	16,959	$307,000	new	0.00 pp	new
CHSChicos FAS, Inc.	0.00%	93,208	$355,000	trimmed−91%	−0.03 pp	5 q
CHDChurch & Dwight Co., Inc.	0.00%	6,792	$478,000	trimmed−63%	−0.01 pp	3 q
CIENCiena Corporation	0.00%	14,279	$610,000	new	0.00 pp	new
CCOClear Channel Outdoor Holdings, Inc.	0.00%	13,326	$38,000	new	0.00 pp	new
CGNXCognex Corp	0.00%	8,277	$464,000	new	0.00 pp	new
CLNSDigitalBridge Group, Inc.	0.00%	29,079	$138,000	new	0.00 pp	new
unresolvedCooper Cos Inc/The	0.00%	1,800	$578,000	new	0.00 pp	new
CUZCousins Properties Inc.	0.00%	8,863	$365,000	new	0.00 pp	new
CCKCrown Holdings Inc.	0.00%	5,405	$392,000	new	0.00 pp	new
PLAYDave & Buster's Entertainment, Inc.	0.00%	10,817	$435,000	new	0.00 pp	new
DRHDiamondrock Hospitality Company	0.00%	16,411	$182,000	new	0.00 pp	new
DLRDigital Realty Trust, Inc.	0.00%	2,134	$256,000	new	0.00 pp	new
DINDine Brands Global, Inc.	0.00%	6,829	$570,000	trimmed−71%	−0.02 pp	4 q
DOCUDocuSign, Inc.	0.00%	5,516	$409,000	new	0.00 pp	new
DLBDolby Laboratories, Inc.Class A	0.00%	8,102	$557,000	new	0.00 pp	new
DGDollar General Corp.	0.00%	1,990	$310,000	trimmed−93%	−0.04 pp	2 q
DREDuke Realty Corp.	0.00%	9,063	$314,000	new	0.00 pp	new
DDDuPont de Nemours, Inc.	0.00%	9,340	$600,000	new	0.00 pp	new
ECLEcolab, Inc.	0.00%	1,171	$226,000	new	0.00 pp	new
EIXEdison International	0.00%	7,648	$577,000	new	0.00 pp	new
ESRTEmpire State Realty Trust, Inc.	0.00%	22,135	$309,000	new	0.00 pp	new
EHCEncompass Health Corporation	0.00%	4,059	$281,000	new	0.00 pp	new
ESSEssex Property Trust, Inc	0.00%	951	$286,000	new	0.00 pp	new
EEFTEuronet Worldwide Inc	0.00%	2,673	$421,000	new	0.00 pp	new
STAYExtended Stay America, Inc. Paired Share	0.00%	29,133	$433,000	new	0.00 pp	new
XOMExxon Mobil Corp	0.00%	4,697	$328,000	new	0.00 pp	new
FLIRFLIR Systems, Inc. (DE)	0.00%	9,866	$514,000	new	0.00 pp	new
FISFidelity National Information Services, Inc.	0.00%	1,540	$214,000	new	0.00 pp	new
FNFFidelity National Financial, Inc.	0.00%	8,904	$404,000	new	0.00 pp	new
FRCBFirst Republic Bk CA	0.00%	3,178	$373,000	new	0.00 pp	new
FEFirstEnergy Corp.	0.00%	4,216	$205,000	new	0.00 pp	new
FLSFlowserve Corporation	0.00%	10,448	$520,000	new	0.00 pp	new
GLIBAGci Liberty Inc - Class A	0.00%	4,435	$314,000	new	0.00 pp	new
GNCIQGnc Holdings Inc-cl A	0.00%	25,011	$68,000	new	0.00 pp	new
AJGArthur J. Gallagher & Co.	0.00%	5,397	$514,000	new	0.00 pp	new
TDAYUSA TODAY Co., Inc.	0.00%	15,431	$98,000	new	0.00 pp	new
GCOGenesco Inc.	0.00%	7,002	$336,000	new	0.00 pp	new
GOGOGogo Inc.	0.00%	18,707	$120,000	trimmed−95%	−0.02 pp	3 q
EAFGrafTech International Ltd.	0.00%	50,763	$590,000	new	0.00 pp	new
GWWW.W. Grainger, Inc.	0.00%	1,762	$596,000	new	0.00 pp	new
GWREGuidewire Software, Inc.	0.00%	5,347	$587,000	trimmed−47%	−0.01 pp	3 q
HTAHealthcare Realty Trust Incorporated	0.00%	13,913	$421,000	new	0.00 pp	new
HPHelmerich & Payne, Inc.	0.00%	5,190	$236,000	new	0.00 pp	new
JKHYHenry (Jack) & Associates	0.00%	4,198	$612,000	new	0.00 pp	new
HPEHewlett Packard Enterprise Company	0.00%	13,589	$216,000	new	0.00 pp	new
HIWHighwoods Properties Inc.	0.00%	5,598	$274,000	new	0.00 pp	new
HRCHill-rom Holdings, Inc.	0.00%	1,820	$207,000	new	0.00 pp	new
HUMHumana Inc.	0.00%	637	$233,000	new	0.00 pp	new
ICEIntercontinental Exchange Inc.	0.00%	2,893	$268,000	new	0.00 pp	new
IFFInternational Flavors & Fragrances Inc.	0.00%	4,205	$543,000	new	0.00 pp	new
IRMIron Mountain Inc.	0.00%	18,118	$577,000	new	0.00 pp	new
OPLNOPENLANE, Inc	0.00%	27,427	$598,000	new	0.00 pp	new
KEYSKeysight Technologies, Inc.	0.00%	2,538	$260,000	new	0.00 pp	new
KEXKirby Corporation	0.00%	5,660	$507,000	new	0.00 pp	new
KOSKosmos Energy Ltd.	0.00%	32,331	$184,000	new	0.00 pp	new
LPLALPL Financial Holdings Inc.	0.00%	3,223	$297,000	new	0.00 pp	new
LEG1Leggett & Platt, Inc.	0.00%	6,761	$344,000	new	0.00 pp	new
LMLegg Mason, Inc.	0.00%	16,391	$589,000	new	0.00 pp	new
LYVLive Nation Entertainment Inc.	0.00%	4,824	$345,000	new	0.00 pp	new
unresolvedLumber Liquidators Hldgs Inc	0.00%	16,828	$164,000	new	0.00 pp	new
LYFTLyft, Inc. Class A	0.00%	5,852	$252,000	new	0.00 pp	new
MKSIMKS Inc.	0.00%	3,537	$389,000	new	0.00 pp	new
MSMMSC Industrial Direct Co., Inc. Class A	0.00%	7,189	$564,000	new	0.00 pp	new
MACThe Macerich Company	0.00%	22,725	$612,000	new	0.00 pp	new
MANManpowerGroup	0.00%	2,655	$258,000	new	0.00 pp	new
MCDMcDonald's Corporation	0.00%	2,048	$405,000	new	0.00 pp	new
MDPediatrix Medical Group, Inc.	0.00%	9,006	$250,000	new	0.00 pp	new
MUMicron Technology, Inc.	0.00%	9,126	$491,000	trimmed−94%	−0.06 pp	2 q
MOHMolina Healthcare, Inc.	0.00%	3,835	$520,000	new	0.00 pp	new
MURMurphy Oil Corp.	0.00%	15,970	$428,000	new	0.00 pp	new
NNNNNN REIT, Inc.	0.00%	9,503	$510,000	new	0.00 pp	new
NAVINavient Corporation	0.00%	11,861	$162,000	new	0.00 pp	new
NKTRNektar Therapeutics	0.00%	22,128	$478,000	new	0.00 pp	new
NBIXNeurocrine Biosciences Inc	0.00%	2,541	$273,000	new	0.00 pp	new
NEWRNew Relic, Inc.	0.00%	5,348	$351,000	new	0.00 pp	new
NYCBFlagstar Bank, National Association	0.00%	10,065	$121,000	new	0.00 pp	new
NKENike, Inc.	0.00%	4,345	$440,000	trimmed−47%	−0.01 pp	2 q
NOCNorthrop Grumman Corp.	0.00%	584	$201,000	new	0.00 pp	new
NUSNuSkin Enterprises, Inc.	0.00%	7,816	$320,000	new	0.00 pp	new
OXYOccidental Petroleum Corporation	0.00%	14,143	$583,000	new	0.00 pp	new
ODPOffice Depot Inc	0.00%	70,901	$194,000	new	0.00 pp	new
ORIOld Republic International Corporation	0.00%	13,988	$313,000	new	0.00 pp	new
OLNOlin Corp.	0.00%	17,905	$309,000	new	0.00 pp	new
OCOwens Corning	0.00%	8,145	$530,000	new	0.00 pp	new
OXMOxford Industries, Inc.	0.00%	4,316	$326,000	trimmed−89%	−0.02 pp	4 q
PCGPG&E Corporation	0.00%	22,686	$247,000	new	0.00 pp	new
PHParker-Hannifin Corporation	0.00%	996	$205,000	new	0.00 pp	new
PENPenumbra, Inc.	0.00%	1,362	$224,000	new	0.00 pp	new
RVTYRevvity, Inc.	0.00%	3,729	$362,000	new	0.00 pp	new
PBIPitney Bowes Inc.	0.00%	10,250	$41,000	new	0.00 pp	new
PTBPotbelly Corp	0.00%	100,321	$423,000	new	0.00 pp	new
PRIPrimerica, Inc.	0.00%	1,642	$214,000	new	0.00 pp	new
PGRProgressive Corporation	0.00%	6,920	$501,000	new	0.00 pp	new
PSAPublic Storage	0.00%	1,467	$312,000	new	0.00 pp	new
PWRQuanta Services, Inc.	0.00%	6,345	$258,000	new	0.00 pp	new
DGXQuest Diagnostics Inc.	0.00%	3,251	$347,000	new	0.00 pp	new
ORealty Income Corporation	0.00%	5,455	$402,000	new	0.00 pp	new
RSReliance, Inc.	0.00%	2,207	$264,000	new	0.00 pp	new
UPBDUpbound Group, Inc.	0.00%	13,240	$382,000	trimmed−50%	−0.01 pp	2 q
QSRRestaurant Brands International Inc.	0.00%	4,149	$265,000	trimmed−95%	−0.05 pp	2 q
RRyder System, Inc.	0.00%	6,876	$373,000	new	0.00 pp	new
SBACSBA Communications Corp	0.00%	1,009	$243,000	new	0.00 pp	new
SLMSLM Corporation	0.00%	45,783	$408,000	new	0.00 pp	new
SABRSabre Corporation	0.00%	19,113	$429,000	new	0.00 pp	new
SRPTSarepta Therapeutics,, Inc.	0.00%	2,582	$333,000	new	0.00 pp	new
HSICHenry Schein Inc	0.00%	5,122	$342,000	new	0.00 pp	new
SGENSeagen Inc.	0.00%	2,156	$246,000	new	0.00 pp	new
PRKSUnited Parks & Resorts Inc.	0.00%	8,098	$257,000	new	0.00 pp	new
SHAKShake Shack Inc.	0.00%	3,752	$224,000	trimmed−79%	−0.01 pp	5 q
SITCSITE Centers Corp.	0.00%	27,298	$383,000	new	0.00 pp	new
SWKSSkyworks Solutions Inc	0.00%	2,363	$286,000	new	0.00 pp	new
SNBRQSleep Number Corp	0.00%	10,678	$526,000	added+38%	0.00 pp	2 q
SWISolarWinds Corporation	0.00%	16,602	$308,000	new	0.00 pp	new
SPTNSpartanNash Company	0.00%	37,023	$527,000	trimmed−85%	−0.03 pp	2 q
SPBSpectrum Brands Holdings, Inc.	0.00%	4,377	$281,000	new	0.00 pp	new
unresolvedSprint Corporation	0.00%	27,039	$141,000	new	0.00 pp	new
SWKStanley Black & Decker, Inc.	0.00%	2,488	$412,000	new	0.00 pp	new
SRCLStericycle Inc	0.00%	3,210	$205,000	new	0.00 pp	new
TGTTarget Corporation	0.00%	2,844	$365,000	trimmed−86%	−0.02 pp	2 q
TRGPTarga Resources Corp.	0.00%	10,294	$420,000	new	0.00 pp	new
TCOTaubman Centers Inc.	0.00%	18,501	$575,000	new	0.00 pp	new
TFXTeleflex Incorporated	0.00%	552	$208,000	new	0.00 pp	new
REALThe RealReal, Inc.	0.00%	27,753	$523,000	trimmed−10%	−0.01 pp	2 q
TOLToll Brothers, Inc.	0.00%	13,131	$519,000	new	0.00 pp	new
TRUTransUnion	0.00%	5,168	$442,000	trimmed−96%	−0.08 pp	2 q
TRVThe Travelers Companies, Inc.	0.00%	3,022	$414,000	new	0.00 pp	new
TRMBTrimble Inc.	0.00%	9,386	$391,000	new	0.00 pp	new
TUPTupperware Brands Corporation	0.00%	13,798	$118,000	new	0.00 pp	new
XUnited States Steel Corp	0.00%	41,672	$475,000	new	0.00 pp	new
UNMUnum Group	0.00%	7,398	$216,000	new	0.00 pp	new
VLOValero Energy Corporation	0.00%	5,893	$552,000	new	0.00 pp	new
VRAVera Bradley, Inc.	0.00%	10,339	$122,000	new	0.00 pp	new
VSTVistra Corp.	0.00%	23,017	$529,000	new	0.00 pp	new
VOYAVoya Financial, Inc.	0.00%	5,358	$327,000	new	0.00 pp	new
WTIW&T Offshore, Inc.	0.00%	10,984	$61,000	new	0.00 pp	new
WMKWeis Markets, Inc.	0.00%	10,773	$436,000	trimmed−72%	−0.01 pp	5 q
WALWestern Alliance Bancorporation	0.00%	5,056	$288,000	new	0.00 pp	new
WWWWolverine World Wide, Inc.	0.00%	12,571	$424,000	trimmed−4%	0.00 pp	2 q
WPXWPX Energy, Inc.	0.00%	13,746	$189,000	new	0.00 pp	new
WYNTravel + Leisure Co.	0.00%	8,361	$432,000	new	0.00 pp	new
WHWyndham Hotels & Resorts, Inc.	0.00%	3,208	$201,000	new	0.00 pp	new
ZIONZions Bancorporation N.A.	0.00%	5,587	$290,000	new	0.00 pp	new
ALKSAlkermes Inc. plc	0.00%	28,990	$591,000	new	0.00 pp	new
unresolvedAon PLC	0.00%	2,470	$514,000	new	0.00 pp	new
unresolvedAtlassian Corp Plc	0.00%	4,581	$552,000	trimmed−88%	−0.04 pp	5 q
AXTAAxalta Coating Systems Ltd.	0.00%	9,124	$277,000	new	0.00 pp	new
GGenpact Limited	0.00%	5,975	$252,000	new	0.00 pp	new
IVZInvesco LTD	0.00%	20,967	$377,000	new	0.00 pp	new
JCIJohnson Controls International plc	0.00%	8,078	$329,000	new	0.00 pp	new
LAZLazard, Inc.	0.00%	15,395	$615,000	new	0.00 pp	new
9991429DAptiv Irish Holdings Ltd	0.00%	6,336	$602,000	new	0.00 pp	new
STSensata Technologies Holding plc	0.00%	6,310	$340,000	new	0.00 pp	new
GLNGGolar LNG Ltd	0.00%	13,412	$191,000	new	0.00 pp	new
PRGOPerrigo Company PLC	0.00%	5,196	$268,000	new	0.00 pp	new
unresolvedQiagen N.V	0.00%	11,122	$376,000	new	0.00 pp	new
MSIMotorola Solutions, Inc. New	—	−1,592,277	—	exited	−2.33 pp	—
NTESNetEase, inc.	—	−581,338	—	exited	−1.33 pp	—
TWLOTwilio Inc.	—	−783,840	—	exited	−0.74 pp	—
ZMZoom Communications, Inc. Class A	—	−1,139,766	—	exited	−0.74 pp	—
DXCMDexCom, Inc.	—	−453,063	—	exited	−0.58 pp	—
ALBAlbemarle Corporation	—	−703,045	—	exited	−0.42 pp	—
IQiQIYI, Inc.	—	−1,913,455	—	exited	−0.26 pp	—
TWTradeweb Markets Inc. Class A	—	−717,085	—	exited	−0.23 pp	—
DDSDillard's, Inc. Class A	—	−185,882	—	exited	−0.11 pp	—
FITFitbit, Inc. Class A	—	−3,241,083	—	exited	−0.11 pp	—
NYTNew York Times Co.	—	−322,740	—	exited	−0.08 pp	—
GOOGLAlphabet Inc. Class A	—	−6,736	—	exited	−0.07 pp	—
BKNGBooking Holdings Inc.	—	−4,001	—	exited	−0.07 pp	—
FLTCorpay, Inc.	—	−27,656	—	exited	−0.07 pp	—
GDSGDS Holdings Limited	—	−192,205	—	exited	−0.07 pp	—
LVSLas Vegas Sands Corp.	—	−136,932	—	exited	−0.07 pp	—
MELIMercado Libre, Inc	—	−15,090	—	exited	−0.07 pp	—
DDD3D Systems Corporation	—	−961,067	—	exited	−0.07 pp	—
WYNNWynn Resorts Ltd	—	−72,170	—	exited	−0.07 pp	—
MRVLMarvell Technology, Inc.	—	−325,593	—	exited	−0.07 pp	—
INXNInterxion Holding NV	—	−104,353	—	exited	−0.07 pp	—
BILIBilibili Inc.	—	−478,183	—	exited	−0.06 pp	—
HUYAHUYA Inc.	—	−293,873	—	exited	−0.06 pp	—
JDJD.com, Inc.	—	−268,740	—	exited	−0.06 pp	—
MTCHMatch Group, Inc	—	−105,378	—	exited	−0.06 pp	—
SPOTSpotify Technology S.A.	—	−64,779	—	exited	−0.06 pp	—
WENThe Wendy's Company	—	−274,063	—	exited	−0.05 pp	—
PAGSPagSeguro Digital Ltd.	—	−120,024	—	exited	−0.05 pp	—
unresolvedCedar Fair L P	—	−69,996	—	exited	−0.04 pp	—
SHOOSteven Madden Ltd	—	−139,662	—	exited	−0.04 pp	—
OLLIOllie's Bargain Outlet Holdings, Inc.	—	−87,241	—	exited	−0.04 pp	—
RLRalph Lauren Corporation	—	−47,467	—	exited	−0.04 pp	—
SBHSally Beauty Holdings, Inc.	—	−279,451	—	exited	−0.04 pp	—
WMTWalmart Inc.	—	−38,741	—	exited	−0.04 pp	—
WINGWingstop Inc	—	−58,071	—	exited	−0.04 pp	—
CPRICapri Holdings Limited	—	−133,638	—	exited	−0.04 pp	—
SSYSStratasys Inc (ISRAEL)	—	−215,702	—	exited	−0.04 pp	—
AEOAmerican Eagle Outfitters	—	−224,061	—	exited	−0.03 pp	—
PLCEChildren's Place, Inc.	—	−45,564	—	exited	−0.03 pp	—
EGHT8x8, Inc.	—	−163,774	—	exited	−0.03 pp	—
FDXFedEx Corporation	—	−20,169	—	exited	−0.03 pp	—
WOOFoot Locker Inc	—	−92,751	—	exited	−0.03 pp	—
HAINHain Celestial Group Inc	—	−149,877	—	exited	−0.03 pp	—
HSYThe Hershey Company	—	−20,519	—	exited	−0.03 pp	—
JWNNordstrom, Inc.	—	−95,353	—	exited	−0.03 pp	—
RHRh	—	−23,336	—	exited	−0.03 pp	—
RADNRite Aid Corp	—	−533,404	—	exited	−0.03 pp	—
CENTACentral Garden & Pet Company	—	−68,892	—	exited	−0.02 pp	—
TACOBerto Acquisition Corp.	—	−211,299	—	exited	−0.02 pp	—
ELFe.l.f. Beauty, Inc.	—	−138,911	—	exited	−0.02 pp	—
FIVNFIVE9, Inc.	—	−52,850	—	exited	−0.02 pp	—
LBBath & Body Works, Inc.	—	−110,873	—	exited	−0.02 pp	—
SMGThe Scotts Miracle-Gro Company	—	−19,046	—	exited	−0.02 pp	—
TXRHTexas Roadhouse, Inc.	—	−42,842	—	exited	−0.02 pp	—
TIFTiffany & Co.	—	−27,320	—	exited	−0.02 pp	—
ULTAUlta Beauty, Inc.	—	−9,687	—	exited	−0.02 pp	—
UAAUnder Armour, Inc.	—	−99,023	—	exited	−0.02 pp	—
ZNGAZynga Inc. Cl A	—	−335,885	—	exited	−0.02 pp	—
AYXAlteryx, Inc.	—	−7,760	—	exited	−0.01 pp	—
AZOAutoZone, Inc.	—	−684	—	exited	−0.01 pp	—
AVLRAvalara, Inc.	—	−15,066	—	exited	−0.01 pp	—
BBYBest Buy Company, Inc.	—	−20,612	—	exited	−0.01 pp	—
CALMCal-Maine Foods Inc	—	−17,862	—	exited	−0.01 pp	—
KOCoca-Cola Company	—	−14,131	—	exited	−0.01 pp	—
TCSThe Container Store Group, Inc.	—	−139,999	—	exited	−0.01 pp	—
DLTHDuluth Holdings Inc. Class B	—	−85,136	—	exited	−0.01 pp	—
EVBGEverbridge, Inc.	—	−13,448	—	exited	−0.01 pp	—
FNDFloor & Decor Holdings, Inc.	—	−16,580	—	exited	−0.01 pp	—
FOSLFossil Group, Inc.	—	−56,262	—	exited	−0.01 pp	—
FTRFrontier Communications Corp.	—	−848,516	—	exited	−0.01 pp	—
GOGrocery Outlet Holding Corp.	—	−39,610	—	exited	−0.01 pp	—
GRPNGroupon, Inc.	—	−628,389	—	exited	−0.01 pp	—
EWAiShares MSCI Australia ETF	—	−48,769	—	exited	−0.01 pp	—
KMBKimberly-Clark Corp.	—	−4,307	—	exited	−0.01 pp	—
KTBKontoor Brands, Inc.	—	−26,524	—	exited	−0.01 pp	—
MIKMichaels Stores, Inc	—	−59,814	—	exited	−0.01 pp	—
MDBMongoDB, Inc. Class A	—	−8,022	—	exited	−0.01 pp	—
ORLYO'Reilly Automotive, Inc.	—	−1,565	—	exited	−0.01 pp	—
FLWS1-800-FLOWERS.COM Inc	—	−54,093	—	exited	−0.01 pp	—
PEPPepsiCo, Inc.	—	−9,885	—	exited	−0.01 pp	—
REVRevlon, Inc.	—	−50,125	—	exited	−0.01 pp	—
SHOEShoe Station Group, Inc.	—	−46,818	—	exited	−0.01 pp	—
SSTKShutterstock, Inc.	—	−35,667	—	exited	−0.01 pp	—
SAVEQSpirit Airlines, Inc.	—	−30,848	—	exited	−0.01 pp	—
SPWHSportsman's Warehouse Holdings, Inc.	—	−113,853	—	exited	−0.01 pp	—
HWAYTivity Health Inc	—	−73,384	—	exited	−0.01 pp	—
VGRVector Group Ltd.	—	−78,211	—	exited	−0.01 pp	—
DMCDel Monte Corporation	—	−24,845	—	exited	−0.01 pp	—
GRMNGarmin Ltd	—	−8,366	—	exited	−0.01 pp	—
CVSCvs Health Corporation	—	−5,664	—	exited	0.00 pp	—
COTYCoty Inc	—	−25,753	—	exited	0.00 pp	—
ENREnergizer Holdings, Inc	—	−12,632	—	exited	0.00 pp	—
unresolvedExpress Inc	—	−167,506	—	exited	0.00 pp	—
FTCHQFarfetch Limited A	—	−36,588	—	exited	0.00 pp	—
GPCGenuine Parts Company	—	−2,318	—	exited	0.00 pp	—
HOGHarley-Davidson, Inc.	—	−6,919	—	exited	0.00 pp	—
IMKTAIngles Markets Inc	—	−6,283	—	exited	0.00 pp	—
NDLSNoodles & Company Class A	—	−29,047	—	exited	0.00 pp	—
PRTYParty City Holdco Inc.	—	−57,910	—	exited	0.00 pp	—
MNKMallinckrodt PLC	—	−164,356	—	exited	0.00 pp	—