Coatue

Q1 2020 13F · by Philippe Laffont, founder

As of: Mar 31, 2020
Filed: May 15, 2020
US stock: $7.9B · prev $12.6B
Positions: 150 · prev 383
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%

Moves449 since the prior filing

+35.6 pp in · −35.3 pp out

New 66 +16.67 pp
Added 24 +18.93 pp
Trimmed 60 −26.46 pp
Exited 299 −8.88 pp

The book

Focused · behaves like 23 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 101% a year, about 1.0 years per position

Low
Moderate
High

Top 5 positions33% of US stock

Positions150 in this filing · 299 exited


NFLXNetFlix Inc	8.46%	1,778,663	$668M	added0%	+3.88 pp	28 q
LBRDKLiberty Broadband Corporation Class C	6.78%	4,830,223	$535M	trimmed−40%	−1.27 pp	16 q
AMZNAmazon.Com Inc	6.67%	269,981	$526M	added+2%	+2.79 pp	28 q
BABAAlibaba Group Holding Limited	6.20%	2,518,340	$490M	trimmed−37%	−0.55 pp	15 q
METAMeta Platforms, Inc. Class A	5.23%	2,477,234	$413M	trimmed−30%	−0.51 pp	27 q
MSFTMicrosoft Corp	5.16%	2,583,518	$407M	trimmed−38%	−0.05 pp	10 q
JDJD.com, Inc.	5.00%	9,752,558	$395M	new	+5.00 pp	new
PYPLPayPal Holdings, Inc.	4.65%	3,830,062	$367M	added+25%	+2.01 pp	17 q
PLANAnaplan, Inc.	4.26%	11,111,659	$336M	added+22%	+0.46 pp	6 q
TSLATesla, Inc.	3.55%	534,770	$280M	new	+3.55 pp	new
DTDynatrace, Inc.	3.47%	11,480,076	$274M	added+14%	+1.45 pp	3 q
GPNGlobal Payments, Inc.	3.43%	1,875,175	$270M	trimmed−25%	−0.18 pp	4 q
PODDInsulet Corporation	3.02%	1,436,634	$238M	trimmed−10%	+0.83 pp	3 q
NVDANvidia Corp	3.00%	897,254	$237M	trimmed−47%	−0.16 pp	15 q
SMARSmartsheet Inc.	2.92%	5,544,884	$230M	added+2%	+0.98 pp	4 q
SESea Limited	2.62%	4,669,795	$207M	trimmed−20%	+0.75 pp	4 q
CRWDCrowdStrike Holdings, Inc. Class A	2.24%	3,178,656	$177M	new	+2.24 pp	new
XYZBlock, Inc.	2.19%	3,303,698	$173M	added+15%	+0.76 pp	4 q
unresolvedCree Inc	2.16%	4,816,339	$171M	new	+2.16 pp	new
TWTRTwitter, Inc.	2.07%	6,641,811	$163M	trimmed−66%	−2.89 pp	3 q
GHGuardant Health, Inc.	2.02%	2,292,227	$160M	added+17%	+0.81 pp	4 q
LRCXLam Research Corp	1.53%	502,721	$121M	new	+1.53 pp	new
DDOGDatadog, Inc. Class A	1.49%	3,264,583	$117M	added×6.5	+1.34 pp	3 q
NKENike, Inc.	1.45%	1,380,668	$114M	added×317.8	+1.45 pp	3 q
RNGRingcentral, Inc.	1.40%	522,555	$111M	trimmed−76%	−1.46 pp	3 q
PTONPeloton Interactive, Inc. Class A	1.15%	3,419,671	$91M	added×8.6	+1.06 pp	2 q
ZMZoom Communications, Inc. Class A	1.10%	595,925	$87M	new	+1.10 pp	new
AVGOBroadcom Inc.	0.95%	317,584	$75M	trimmed−54%	−0.78 pp	8 q
SNAPSnap Inc.	0.56%	3,714,333	$44M	trimmed−73%	−1.22 pp	3 q
MUMicron Technology, Inc.	0.54%	1,005,000	$42M	added×110.1	+0.54 pp	3 q
BYNDBeyond Meat, Inc.	0.44%	518,188	$35M	added+51%	+0.23 pp	2 q
LKNCYLuckin Coffee Inc SP/	0.42%	1,228,494	$33M	added×2.4	+0.26 pp	4 q
GDOTGreen Dot Corporation	0.40%	1,251,351	$32M	added×7.6	+0.37 pp	4 q
UBERUber Technologies, Inc.	0.38%	1,080,326	$30M	trimmed−58%	−0.23 pp	4 q
GLUUGlu Mobile Inc.	0.35%	4,370,311	$27M	added×13.0	+0.33 pp	4 q
OKTAOkta, Inc. Class A	0.34%	222,516	$27M	trimmed−70%	−0.35 pp	5 q
NOWServicenow, Inc.	0.29%	78,911	$23M	trimmed−97%	−5.86 pp	8 q
ISRGIntuitive Surgical Inc.	0.28%	44,224	$22M	trimmed−84%	−1.05 pp	4 q
FITFitbit, Inc. Class A	0.27%	3,178,570	$21M	new	+0.27 pp	new
unresolvedCanopy Growth Corp	0.24%	1,316,735	$19M	new	+0.24 pp	new
SFIXStitch Fix, Inc. Class A	0.15%	935,426	$12M	trimmed−15%	−0.07 pp	2 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.10%	1,818,983	$8M	new	+0.10 pp	new
HTZGQHertz Global Holdings Inc	0.09%	1,182,645	$7M	added×20.1	+0.08 pp	8 q
DDD3D Systems Corporation	0.09%	961,925	$7M	new	+0.09 pp	new
SSYSStratasys Inc (ISRAEL)	0.09%	457,112	$7M	new	+0.09 pp	new
STNEStoneCo Ltd. Class A	0.08%	284,542	$6M	trimmed−84%	−0.47 pp	4 q
DISThe Walt Disney Company	0.06%	46,391	$4M	added×10.5	+0.05 pp	3 q
MCDMcDonald's Corporation	0.06%	29,461	$5M	added×14.4	+0.06 pp	2 q
SDCCQSmiledirectclub Inc A	0.06%	986,445	$5M	new	+0.06 pp	new
SKTTanger Inc.	0.02%	290,628	$1M	new	+0.02 pp	new
ADBEAdobe Inc.	0.01%	1,981	$630,000	trimmed−100%	−3.64 pp	11 q
BGSB&G Foods, Inc.	0.01%	33,852	$612,000	added+39%	+0.01 pp	2 q
BJBJs Wholesale Club Holdings, Inc.	0.01%	19,813	$505,000	trimmed−5%	+0.01 pp	2 q
BBYBest Buy Company, Inc.	0.01%	7,872	$449,000	new	+0.01 pp	new
SAMBoston Beer Company	0.01%	2,127	$782,000	trimmed−48%	0.00 pp	4 q
CPBThe Campbell's Company	0.01%	12,644	$584,000	trimmed−87%	−0.03 pp	2 q
CLXClorox Company	0.01%	4,403	$763,000	new	+0.01 pp	new
DBIDesigner Brands Inc.	0.01%	81,366	$405,000	new	+0.01 pp	new
DGDollar General Corp.	0.01%	4,304	$650,000	added×2.2	+0.01 pp	3 q
DPZDomino's Pizza Inc.	0.01%	1,378	$447,000	new	+0.01 pp	new
DNKNDunkin' Brands Group, Inc.	0.01%	9,490	$504,000	trimmed−44%	0.00 pp	6 q
EPCEdgewell Personal Care Company	0.01%	23,182	$558,000	new	+0.01 pp	new
FLOFlowers Foods, Inc.	0.01%	23,981	$492,000	new	+0.01 pp	new
FRPTFreshpet, Inc.	0.01%	13,681	$874,000	trimmed−84%	−0.03 pp	5 q
GISGeneral Mills, Inc.	0.01%	8,827	$466,000	new	+0.01 pp	new
unresolvedGrubhub Inc	0.01%	17,702	$721,000	added+37%	0.00 pp	2 q
HDHome Depot, Inc.	0.01%	4,066	$759,000	new	+0.01 pp	new
IQVIQVIA Holdings Inc.	0.01%	8,281	$893,000	trimmed−95%	−0.20 pp	3 q
EWWiShares MSCI Mexico ETF	0.01%	14,977	$425,000	new	+0.01 pp	new
EWUiShares MSCI United Kingdom ETF	0.01%	29,693	$709,000	trimmed−70%	−0.02 pp	4 q
JACKJack in the Box Inc.	0.01%	25,160	$882,000	new	+0.01 pp	new
KMBKimberly-Clark Corp.	0.01%	4,866	$622,000	new	+0.01 pp	new
LOWLowe's Companies Inc.	0.01%	7,162	$616,000	new	+0.01 pp	new
MAMastercard Incorporated	0.01%	3,793	$917,000	trimmed−100%	−4.99 pp	6 q
MDLZMondelez International, Inc. Class A	0.01%	17,608	$882,000	trimmed−79%	−0.03 pp	5 q
MNSTMonster Beverage Corporation	0.01%	7,036	$396,000	trimmed−90%	−0.03 pp	4 q
FIZZNational Beverage Corp.	0.01%	22,389	$955,000	new	+0.01 pp	new
PZZAPapa John's International Inc	0.01%	13,057	$697,000	trimmed−71%	−0.01 pp	5 q
POSTPost Holdings, Inc.	0.01%	13,689	$1M	new	+0.01 pp	new
PGProcter & Gamble Company	0.01%	5,551	$611,000	trimmed−47%	0.00 pp	5 q
REYNReynolds Consumer Products Inc.	0.01%	14,862	$434,000	new	+0.01 pp	new
SHWThe Sherwin-Williams Company	0.01%	1,420	$653,000	new	+0.01 pp	new
SHOPShopify Inc. Class A subordinate voting shares	0.01%	1,367	$570,000	trimmed−100%	−1.62 pp	12 q
TPRTapestry, Inc.	0.01%	31,216	$404,000	trimmed−35%	0.00 pp	2 q
TSCOTractor Supply Co	0.01%	8,713	$737,000	trimmed−27%	0.00 pp	2 q
TSNTyson Foods, Inc.	0.01%	7,201	$417,000	trimmed−86%	−0.03 pp	4 q
UALUnited Airlines Holdings, Inc.	0.01%	12,909	$407,000	added+65%	0.00 pp	2 q
VGKVanguard FTSE Europe ETF	0.01%	27,172	$1M	new	+0.01 pp	new
VTIVanguard Morningstar Total Stock Market ETF	0.01%	8,781	$1M	trimmed−65%	−0.02 pp	3 q
VSLRVivint Solar, Inc.	0.01%	182,454	$797,000	new	+0.01 pp	new
WENThe Wendy's Company	0.01%	30,931	$460,000	new	+0.01 pp	new
WSMWilliams-Sonoma, Inc.	0.01%	9,443	$402,000	trimmed−56%	0.00 pp	7 q
WINGWingstop Inc	0.01%	9,383	$748,000	new	+0.01 pp	new
YUMYum! Brands, Inc.	0.01%	6,489	$445,000	new	+0.01 pp	new
HELEHelen Of Troy Ltd	0.01%	6,023	$867,000	new	+0.01 pp	new
WIXWIX.com Ltd.	0.01%	3,977	$401,000	trimmed−76%	−0.01 pp	4 q
AANAaron's Inc	0.00%	9,287	$212,000	trimmed−43%	−0.01 pp	2 q
ANFAbercrombie & Fitch Co.	0.00%	22,402	$204,000	trimmed−17%	0.00 pp	2 q
ATECAlphatec Holdings, Inc.	0.00%	28,958	$100,000	new	0.00 pp	new
AALAmerican Airlines Group Inc.	0.00%	19,415	$237,000	new	0.00 pp	new
HOMEAt Home Group Inc.	0.00%	41,685	$84,000	new	0.00 pp	new
CARAvis Budget Group, Inc.	0.00%	18,610	$259,000	trimmed−71%	−0.02 pp	2 q
AXGNAxogen, Inc.	0.00%	16,474	$171,000	new	0.00 pp	new
CALMCal-Maine Foods Inc	0.00%	7,279	$320,000	new	0.00 pp	new
CALCaleres Inc	0.00%	48,472	$252,000	trimmed−11%	−0.01 pp	4 q
CENTACentral Garden & Pet Company	0.00%	8,746	$224,000	new	0.00 pp	new
CAKECheesecake Factory (The)	0.00%	12,282	$210,000	new	0.00 pp	new
CHGGChegg, Inc.	0.00%	5,752	$206,000	trimmed−14%	0.00 pp	2 q
CTRNCiti Trends, Inc.	0.00%	23,961	$213,000	new	0.00 pp	new
CLColgate-Palmolive Company	0.00%	5,350	$355,000	trimmed−81%	−0.02 pp	2 q
CAGConagra Brands, Inc.	0.00%	10,013	$294,000	trimmed−50%	−0.01 pp	2 q
CONNQConn's Inc	0.00%	40,328	$169,000	trimmed−23%	−0.01 pp	2 q
COTYCoty Inc	0.00%	12,046	$62,000	new	0.00 pp	new
DISHDISH Network Corp.	0.00%	11,993	$240,000	trimmed−45%	−0.01 pp	2 q
LOCOEl Pollo Loco Holdings, Inc.	0.00%	30,599	$259,000	trimmed−64%	−0.01 pp	2 q
ENREnergizer Holdings, Inc	0.00%	9,590	$290,000	new	0.00 pp	new
ETDEthan Allen Interiors Inc	0.00%	10,206	$104,000	new	0.00 pp	new
FDXFedEx Corporation	0.00%	1,784	$216,000	new	0.00 pp	new
FOSLFossil Group, Inc.	0.00%	55,683	$183,000	new	0.00 pp	new
FTRFrontier Communications Corp.	0.00%	848,516	$322,000	new	0.00 pp	new
GIIIG-Iii Apparel Group Ltd	0.00%	33,564	$258,000	trimmed−16%	−0.01 pp	3 q
TDAYUSA TODAY Co., Inc.	0.00%	13,439	$20,000	trimmed−13%	0.00 pp	2 q
GU9Guess? Inc	0.00%	55,698	$377,000	new	0.00 pp	new
HB6Hibbett Inc	0.00%	11,278	$123,000	new	0.00 pp	new
HRLHormel Foods Corporation	0.00%	5,151	$240,000	trimmed−82%	−0.01 pp	2 q
IMKTAIngles Markets Inc	0.00%	9,234	$334,000	new	0.00 pp	new
KDPKeurig Dr Pepper Inc.	0.00%	10,898	$264,000	trimmed−87%	−0.02 pp	2 q
LBBath & Body Works, Inc.	0.00%	14,559	$168,000	new	0.00 pp	new
MMacy's Inc.	0.00%	22,770	$112,000	trimmed−83%	−0.02 pp	5 q
MARMarriott International Class A	0.00%	4,705	$352,000	trimmed−8%	−0.01 pp	2 q
NGVCNatural Grocers By Vitamin Cottage, Inc	0.00%	24,670	$210,000	new	0.00 pp	new
NYTNew York Times Co.	0.00%	7,985	$245,000	new	0.00 pp	new
ODPOffice Depot Inc	0.00%	97,017	$159,000	added+37%	0.00 pp	2 q
PVHPVH Corp.	0.00%	9,021	$340,000	new	0.00 pp	new
PETQPetIQ, Inc. Class A	0.00%	11,219	$261,000	new	0.00 pp	new
PLNTPlanet Fitness, Inc.	0.00%	4,476	$218,000	trimmed−48%	−0.01 pp	3 q
UPBDUpbound Group, Inc.	0.00%	12,140	$172,000	trimmed−8%	0.00 pp	3 q
FRBKQRepublic First Bancorp	0.00%	10,593	$23,000	new	0.00 pp	new
SBHSally Beauty Holdings, Inc.	0.00%	14,475	$117,000	new	0.00 pp	new
SHOEShoe Station Group, Inc.	0.00%	17,303	$359,000	new	0.00 pp	new
SITESiteOne Landscape Supply, Inc.	0.00%	4,423	$326,000	new	0.00 pp	new
SKAASkechers USA Inc-cl A	0.00%	9,622	$228,000	new	0.00 pp	new
SPWHSportsman's Warehouse Holdings, Inc.	0.00%	12,445	$77,000	new	0.00 pp	new
SFMSprouts Farmers Market, Inc.	0.00%	12,324	$229,000	trimmed−67%	−0.01 pp	3 q
SGISomnigroup International Inc.	0.00%	4,745	$207,000	new	0.00 pp	new
HWAYTivity Health Inc	0.00%	16,219	$102,000	new	0.00 pp	new
TPBTurning Point Brands, Inc.	0.00%	10,904	$230,000	trimmed−83%	−0.01 pp	4 q
WWayfair Inc.	0.00%	6,084	$325,000	trimmed−95%	−0.09 pp	4 q
WMKWeis Markets, Inc.	0.00%	7,178	$299,000	trimmed−33%	0.00 pp	6 q
ZNGAZynga Inc. Cl A	0.00%	28,685	$196,000	new	0.00 pp	new
AIYActivision Blizzard Inc	—	−5,397,226	—	exited	−2.55 pp	—
WDAYWorkday, Inc. Class A	—	−1,362,731	—	exited	−1.78 pp	—
EAElectronic Arts Inc	—	−1,323,687	—	exited	−1.13 pp	—
XRXXerox Holdings Corporation	—	−1,971,876	—	exited	−0.58 pp	—
ILMNIllumina Inc	—	−167,810	—	exited	−0.44 pp	—
CRMSalesforce, Inc.	—	−228,582	—	exited	−0.30 pp	—
VVISA Inc.	—	−191,172	—	exited	−0.29 pp	—
PDDPDD Holdings Inc.	—	−753,336	—	exited	−0.23 pp	—
INTUIntuit Inc	—	−87,466	—	exited	−0.18 pp	—
SCHWThe Charles Schwab Corporation	—	−191,799	—	exited	−0.07 pp	—
MKCMcCormick & Company, Incorporated Non-VTG CS	—	−34,071	—	exited	−0.05 pp	—
BUDAnheuser-Busch INBEV SA/NV	—	−54,636	—	exited	−0.04 pp	—
BF.BBrown-Forman Corporation Class B	—	−73,559	—	exited	−0.04 pp	—
STZConstellation Brands, Inc.	—	−26,309	—	exited	−0.04 pp	—
KHCThe Kraft Heinz Company	—	−152,413	—	exited	−0.04 pp	—
JCPJ.C. Penney Company, Inc.	—	−3,429,321	—	exited	−0.03 pp	—
SMPLThe Simply Good Foods Company	—	−136,581	—	exited	−0.03 pp	—
CRICarter's Inc.	—	−18,148	—	exited	−0.02 pp	—
CMGChipotle Mexican Grill, Inc.	—	−2,426	—	exited	−0.02 pp	—
COSTCostco Wholesale Corp	—	−6,477	—	exited	−0.02 pp	—
COUPCoupa Software Incorporated	—	−20,195	—	exited	−0.02 pp	—
CROXCrocs, Inc.	—	−61,400	—	exited	−0.02 pp	—
EXPEExpedia Group, Inc.	—	−24,297	—	exited	−0.02 pp	—
GAPThe Gap, Inc.	—	−118,546	—	exited	−0.02 pp	—
TWNKHostess Brands, Inc. Class A	—	−195,808	—	exited	−0.02 pp	—
TAPMolson Coors Beverage Company Class B	—	−55,827	—	exited	−0.02 pp	—
WBAWalgreens Boots Alliance, Inc	—	−34,732	—	exited	−0.02 pp	—
AMCXAMC Global Media Inc. Class A	—	−22,699	—	exited	−0.01 pp	—
ABBVAbbvie Inc.	—	−8,406	—	exited	−0.01 pp	—
OPTUOptimum Communications, Inc.	—	−34,970	—	exited	−0.01 pp	—
AAPLApple Inc.	—	−2,149	—	exited	−0.01 pp	—
AMATApplied Materials Inc	—	−11,507	—	exited	−0.01 pp	—
BKRBaker Hughes Company	—	−28,085	—	exited	−0.01 pp	—
HRBH&R Block, Inc.	—	−60,430	—	exited	−0.01 pp	—
BABoeing Company	—	−2,551	—	exited	−0.01 pp	—
BURLBurlington Stores, Inc.	—	−6,068	—	exited	−0.01 pp	—
CVNACarvana Co.	—	−9,793	—	exited	−0.01 pp	—
CTXSCitrix Systems Inc	—	−8,429	—	exited	−0.01 pp	—
COHRCoherent Corp.	—	−3,954	—	exited	−0.01 pp	—
unresolvedColfax Corp	—	−18,948	—	exited	−0.01 pp	—
COLMColumbia Sportswear Co	—	−6,770	—	exited	−0.01 pp	—
VISNVistance Networks, Inc.	—	−79,772	—	exited	−0.01 pp	—
CXOConcho Resources Inc.	—	−9,967	—	exited	−0.01 pp	—
CLGXCorelogic, Inc.	—	−14,752	—	exited	−0.01 pp	—
CBRLCracker Barrel Old Country Store, Inc,.	—	−10,272	—	exited	−0.01 pp	—
DRIDarden Restaurants, Inc.	—	−7,648	—	exited	−0.01 pp	—
DEDeere & Company	—	−4,414	—	exited	−0.01 pp	—
DALDelta Air Lines, Inc.	—	−18,821	—	exited	−0.01 pp	—
DENNDenny's Corp	—	−34,368	—	exited	−0.01 pp	—
FANGDiamondback Energy, Inc.	—	−6,858	—	exited	−0.01 pp	—
DKSDick's Sporting Goods, Inc.	—	−23,458	—	exited	−0.01 pp	—
DBXDropbox, Inc. Class A	—	−39,162	—	exited	−0.01 pp	—
EBAYeBay Inc	—	−25,254	—	exited	−0.01 pp	—
ESIElement Solutions Inc.	—	−74,146	—	exited	−0.01 pp	—
ETSYEtsy, Inc.	—	−17,760	—	exited	−0.01 pp	—
ITGartner, Inc.	—	−5,107	—	exited	−0.01 pp	—
HN9Hanesbrands Inc	—	−121,043	—	exited	−0.01 pp	—
HEIHEICO Corporation	—	−6,082	—	exited	−0.01 pp	—
HGVHilton Grand Vacations Inc.	—	−19,155	—	exited	−0.01 pp	—
IPGPIPG Photonics Corporation	—	−5,564	—	exited	−0.01 pp	—
INCYIncyte Genomics Inc	—	−10,471	—	exited	−0.01 pp	—
IRBTiRobot Corporation	—	−22,188	—	exited	−0.01 pp	—
EWHiShares MSCI Hong Kong ETF	—	−49,558	—	exited	−0.01 pp	—
KSSKohls Corporation	—	−12,522	—	exited	−0.01 pp	—
LKQLKQ Corporation	—	−18,114	—	exited	−0.01 pp	—
LZBLa-Z-Boy Incorporated	—	−37,848	—	exited	−0.01 pp	—
LWLamb Weston Holdings, Inc.	—	−11,006	—	exited	−0.01 pp	—
LELands' End, Inc.	—	−87,344	—	exited	−0.01 pp	—
LIILennox International Inc.	—	−3,072	—	exited	−0.01 pp	—
LULUlululemon athletica inc.	—	−7,851	—	exited	−0.01 pp	—
MKTXMarketAxess Holdings Inc.	—	−2,547	—	exited	−0.01 pp	—
MDLAMedallia Inc	—	−40,201	—	exited	−0.01 pp	—
MRKMerck & Co., Inc.	—	−11,019	—	exited	−0.01 pp	—
MIDDMiddleby Corp	—	−7,988	—	exited	−0.01 pp	—
MHKMohawk Industries, Inc.	—	−5,847	—	exited	−0.01 pp	—
MNROMonro, Inc.	—	−12,952	—	exited	−0.01 pp	—
NFGNational Fuel Gas Co.	—	−14,623	—	exited	−0.01 pp	—
NBLNoble Energy, Inc.	—	−27,176	—	exited	−0.01 pp	—
GENGen Digital Inc.	—	−63,423	—	exited	−0.01 pp	—
ODFLOld Dominion Freight Line	—	−5,673	—	exited	−0.01 pp	—
PPLPPL Corporation	—	−24,656	—	exited	−0.01 pp	—
PTCPtc, Inc	—	−13,466	—	exited	−0.01 pp	—
PETSPetMed Express, Inc.	—	−63,483	—	exited	−0.01 pp	—
PMPhilip Morris International Inc.	—	−10,002	—	exited	−0.01 pp	—
unresolvedQurate Retail Inc	—	−197,218	—	exited	−0.01 pp	—
RPRealPage, Inc.	—	−11,742	—	exited	−0.01 pp	—
RRGBRed Robin Gourmet Burgers Inc	—	−38,047	—	exited	−0.01 pp	—
ROKURoku, Inc. Class A	—	−10,762	—	exited	−0.01 pp	—
ROLRollins, Inc.	—	−21,690	—	exited	−0.01 pp	—
ROSTRoss Stores Inc	—	−10,697	—	exited	−0.01 pp	—
SPGIS&P Global Inc.	—	−2,947	—	exited	−0.01 pp	—
FEZState Street SPDR EURO STOXX 50 ETF	—	−32,717	—	exited	−0.01 pp	—
SIX1Six Flags Entertainment Corp.	—	−25,574	—	exited	−0.01 pp	—
LUVSouthwest Airlines Co.	—	−32,148	—	exited	−0.01 pp	—
S9QSpirit Aerosystems Hold-cl A	—	−14,242	—	exited	−0.01 pp	—
STMPStamps.com, Inc.	—	−17,045	—	exited	−0.01 pp	—
SPHSuburban Propane Partners L P	—	−30,022	—	exited	−0.01 pp	—
TJXTJX Companies, Inc. (The)	—	−18,153	—	exited	−0.01 pp	—
TLRDQTailored Brands Inc	—	−250,980	—	exited	−0.01 pp	—
TDCTeradata Corporation	—	−35,780	—	exited	−0.01 pp	—
TTDThe Trade Desk, Inc.	—	−3,021	—	exited	−0.01 pp	—
MMM3M Company	—	−6,711	—	exited	−0.01 pp	—
THSTreehouse Foods, Inc.	—	−25,481	—	exited	−0.01 pp	—
URBNUrban Outfitters Inc	—	−65,372	—	exited	−0.01 pp	—
VMWVMware, Inc	—	−4,414	—	exited	−0.01 pp	—
WABWabtec Inc.	—	−15,252	—	exited	−0.01 pp	—
WWEWorld Wrestling Entertainment	—	−13,022	—	exited	−0.01 pp	—
YETIYETI Holdings, Inc.	—	−35,819	—	exited	−0.01 pp	—
ZZillow Group, Inc. Class C	—	−40,116	—	exited	−0.01 pp	—
ZUMZZumiez Inc.	—	−28,428	—	exited	−0.01 pp	—
JHGJanus Henderson Group PLC	—	−31,063	—	exited	−0.01 pp	—
MDTMedtronic plc	—	−6,055	—	exited	−0.01 pp	—
SIGSignet Jewelers Limited	—	−60,977	—	exited	−0.01 pp	—
AESAES Corporation	—	−27,637	—	exited	0.00 pp	—
ABMDAbiomed Inc	—	−2,704	—	exited	0.00 pp	—
ADPTAdaptive Biotechnologies Corporation	—	−9,196	—	exited	0.00 pp	—
AMDAdvanced Micro Devices	—	−5,714	—	exited	0.00 pp	—
AMGAffiliated Managers Group	—	−6,792	—	exited	0.00 pp	—
AAgilent Technologies Inc.	—	−5,196	—	exited	0.00 pp	—
APDAir Products & Chemicals, Inc.	—	−1,316	—	exited	0.00 pp	—
ALKAlaska Air Group, Inc.	—	−4,335	—	exited	0.00 pp	—
AAAlcoa Corporation	—	−9,410	—	exited	0.00 pp	—
BFHBread Financial Holdings, Inc.	—	−4,570	—	exited	0.00 pp	—
AIGAmerican International Group, Inc.	—	−12,091	—	exited	0.00 pp	—
COLDAmericold Realty Trust, Inc.	—	−11,051	—	exited	0.00 pp	—
ARAntero Resources Corporation	—	−43,695	—	exited	0.00 pp	—
ELVElevance Health, Inc.	—	−1,079	—	exited	0.00 pp	—
9990302DApache Corp	—	−13,548	—	exited	0.00 pp	—
APYChampionX Corporation	—	−8,220	—	exited	0.00 pp	—
ATRAptarGroup, Inc.	—	−1,795	—	exited	0.00 pp	—
ADMArcher Daniels Midland Company	—	−4,323	—	exited	0.00 pp	—
AIZAssurant, Inc.	—	−2,286	—	exited	0.00 pp	—
ADSKAutodesk Inc	—	−1,316	—	exited	0.00 pp	—
AVYAvery Dennison Corp.	—	−4,026	—	exited	0.00 pp	—
BGCPBGC Partners, Inc.	—	−19,954	—	exited	0.00 pp	—
OZKBank OZK	—	−18,086	—	exited	0.00 pp	—
BRBRBellRing Brands, Inc.	—	−25,837	—	exited	0.00 pp	—
TECHBio-Techne Corp.	—	−1,668	—	exited	0.00 pp	—
BJRIBJ's Restaurants, Inc.	—	−14,895	—	exited	0.00 pp	—
BLMNBloomin' Brands, Inc.	—	−9,313	—	exited	0.00 pp	—
unresolvedBluebird Bio Inc	—	−3,385	—	exited	0.00 pp	—
BOOTBoot Barn Holdings, Inc.	—	−5,737	—	exited	0.00 pp	—
BFAMBright Horizons Family Solutions Inc.	—	−2,720	—	exited	0.00 pp	—
AAMIAcadian Asset Management Inc.	—	−10,005	—	exited	0.00 pp	—
BRKRBruker Corporation	—	−7,190	—	exited	0.00 pp	—
CDKCDK Global, Inc.	—	−6,568	—	exited	0.00 pp	—
CTRACoterra Energy Inc.	—	−15,200	—	exited	0.00 pp	—
CZRCaesars Entertainment, Inc.	—	−19,486	—	exited	0.00 pp	—
CPTCamden Property Trust	—	−3,330	—	exited	0.00 pp	—
CASYCasey's General Stores Inc	—	−1,400	—	exited	0.00 pp	—
DAYDayforce, Inc.	—	−6,147	—	exited	0.00 pp	—
CCThe Chemours Company	—	−16,959	—	exited	0.00 pp	—
CHSChicos FAS, Inc.	—	−93,208	—	exited	0.00 pp	—
CHDChurch & Dwight Co., Inc.	—	−6,792	—	exited	0.00 pp	—
CIENCiena Corporation	—	−14,279	—	exited	0.00 pp	—
CCOClear Channel Outdoor Holdings, Inc.	—	−13,326	—	exited	0.00 pp	—
CGNXCognex Corp	—	−8,277	—	exited	0.00 pp	—
CLNSDigitalBridge Group, Inc.	—	−29,079	—	exited	0.00 pp	—
unresolvedCooper Cos Inc/The	—	−1,800	—	exited	0.00 pp	—
CUZCousins Properties Inc.	—	−8,863	—	exited	0.00 pp	—
CCKCrown Holdings Inc.	—	−5,405	—	exited	0.00 pp	—
PLAYDave & Buster's Entertainment, Inc.	—	−10,817	—	exited	0.00 pp	—
DRHDiamondrock Hospitality Company	—	−16,411	—	exited	0.00 pp	—
DLRDigital Realty Trust, Inc.	—	−2,134	—	exited	0.00 pp	—
DINDine Brands Global, Inc.	—	−6,829	—	exited	0.00 pp	—
DOCUDocuSign, Inc.	—	−5,516	—	exited	0.00 pp	—
DLBDolby Laboratories, Inc.Class A	—	−8,102	—	exited	0.00 pp	—
DREDuke Realty Corp.	—	−9,063	—	exited	0.00 pp	—
DDDuPont de Nemours, Inc.	—	−9,340	—	exited	0.00 pp	—
ECLEcolab, Inc.	—	−1,171	—	exited	0.00 pp	—
EIXEdison International	—	−7,648	—	exited	0.00 pp	—
ESRTEmpire State Realty Trust, Inc.	—	−22,135	—	exited	0.00 pp	—
EHCEncompass Health Corporation	—	−4,059	—	exited	0.00 pp	—
ESSEssex Property Trust, Inc	—	−951	—	exited	0.00 pp	—
EEFTEuronet Worldwide Inc	—	−2,673	—	exited	0.00 pp	—
STAYExtended Stay America, Inc. Paired Share	—	−29,133	—	exited	0.00 pp	—
XOMExxon Mobil Corp	—	−4,697	—	exited	0.00 pp	—
FLIRFLIR Systems, Inc. (DE)	—	−9,866	—	exited	0.00 pp	—
FISFidelity National Information Services, Inc.	—	−1,540	—	exited	0.00 pp	—
FNFFidelity National Financial, Inc.	—	−8,904	—	exited	0.00 pp	—
FRCBFirst Republic Bk CA	—	−3,178	—	exited	0.00 pp	—
FEFirstEnergy Corp.	—	−4,216	—	exited	0.00 pp	—
FLSFlowserve Corporation	—	−10,448	—	exited	0.00 pp	—
GLIBAGci Liberty Inc - Class A	—	−4,435	—	exited	0.00 pp	—
GNCIQGnc Holdings Inc-cl A	—	−25,011	—	exited	0.00 pp	—
AJGArthur J. Gallagher & Co.	—	−5,397	—	exited	0.00 pp	—
GCOGenesco Inc.	—	−7,002	—	exited	0.00 pp	—
GOGOGogo Inc.	—	−18,707	—	exited	0.00 pp	—
EAFGrafTech International Ltd.	—	−50,763	—	exited	0.00 pp	—
GWWW.W. Grainger, Inc.	—	−1,762	—	exited	0.00 pp	—
GWREGuidewire Software, Inc.	—	−5,347	—	exited	0.00 pp	—
HTAHealthcare Realty Trust Incorporated	—	−13,913	—	exited	0.00 pp	—
HPHelmerich & Payne, Inc.	—	−5,190	—	exited	0.00 pp	—
JKHYHenry (Jack) & Associates	—	−4,198	—	exited	0.00 pp	—
HPEHewlett Packard Enterprise Company	—	−13,589	—	exited	0.00 pp	—
HIWHighwoods Properties Inc.	—	−5,598	—	exited	0.00 pp	—
HRCHill-rom Holdings, Inc.	—	−1,820	—	exited	0.00 pp	—
HUMHumana Inc.	—	−637	—	exited	0.00 pp	—
ICEIntercontinental Exchange Inc.	—	−2,893	—	exited	0.00 pp	—
IFFInternational Flavors & Fragrances Inc.	—	−4,205	—	exited	0.00 pp	—
IRMIron Mountain Inc.	—	−18,118	—	exited	0.00 pp	—
OPLNOPENLANE, Inc	—	−27,427	—	exited	0.00 pp	—
KEYSKeysight Technologies, Inc.	—	−2,538	—	exited	0.00 pp	—
KEXKirby Corporation	—	−5,660	—	exited	0.00 pp	—
KOSKosmos Energy Ltd.	—	−32,331	—	exited	0.00 pp	—
LPLALPL Financial Holdings Inc.	—	−3,223	—	exited	0.00 pp	—
LEG1Leggett & Platt, Inc.	—	−6,761	—	exited	0.00 pp	—
LMLegg Mason, Inc.	—	−16,391	—	exited	0.00 pp	—
LYVLive Nation Entertainment Inc.	—	−4,824	—	exited	0.00 pp	—
unresolvedLumber Liquidators Hldgs Inc	—	−16,828	—	exited	0.00 pp	—
LYFTLyft, Inc. Class A	—	−5,852	—	exited	0.00 pp	—
MKSIMKS Inc.	—	−3,537	—	exited	0.00 pp	—
MSMMSC Industrial Direct Co., Inc. Class A	—	−7,189	—	exited	0.00 pp	—
MACThe Macerich Company	—	−22,725	—	exited	0.00 pp	—
MANManpowerGroup	—	−2,655	—	exited	0.00 pp	—
MDPediatrix Medical Group, Inc.	—	−9,006	—	exited	0.00 pp	—
MOHMolina Healthcare, Inc.	—	−3,835	—	exited	0.00 pp	—
MURMurphy Oil Corp.	—	−15,970	—	exited	0.00 pp	—
NNNNNN REIT, Inc.	—	−9,503	—	exited	0.00 pp	—
NAVINavient Corporation	—	−11,861	—	exited	0.00 pp	—
NKTRNektar Therapeutics	—	−22,128	—	exited	0.00 pp	—
NBIXNeurocrine Biosciences Inc	—	−2,541	—	exited	0.00 pp	—
NEWRNew Relic, Inc.	—	−5,348	—	exited	0.00 pp	—
NYCBFlagstar Bank, National Association	—	−10,065	—	exited	0.00 pp	—
NOCNorthrop Grumman Corp.	—	−584	—	exited	0.00 pp	—
NUSNuSkin Enterprises, Inc.	—	−7,816	—	exited	0.00 pp	—
OXYOccidental Petroleum Corporation	—	−14,143	—	exited	0.00 pp	—
ORIOld Republic International Corporation	—	−13,988	—	exited	0.00 pp	—
OLNOlin Corp.	—	−17,905	—	exited	0.00 pp	—
OCOwens Corning	—	−8,145	—	exited	0.00 pp	—
OXMOxford Industries, Inc.	—	−4,316	—	exited	0.00 pp	—
PCGPG&E Corporation	—	−22,686	—	exited	0.00 pp	—
PHParker-Hannifin Corporation	—	−996	—	exited	0.00 pp	—
PENPenumbra, Inc.	—	−1,362	—	exited	0.00 pp	—
RVTYRevvity, Inc.	—	−3,729	—	exited	0.00 pp	—
PBIPitney Bowes Inc.	—	−10,250	—	exited	0.00 pp	—
PTBPotbelly Corp	—	−100,321	—	exited	0.00 pp	—
PRIPrimerica, Inc.	—	−1,642	—	exited	0.00 pp	—
PGRProgressive Corporation	—	−6,920	—	exited	0.00 pp	—
PSAPublic Storage	—	−1,467	—	exited	0.00 pp	—
PWRQuanta Services, Inc.	—	−6,345	—	exited	0.00 pp	—
DGXQuest Diagnostics Inc.	—	−3,251	—	exited	0.00 pp	—
ORealty Income Corporation	—	−5,455	—	exited	0.00 pp	—
RSReliance, Inc.	—	−2,207	—	exited	0.00 pp	—
QSRRestaurant Brands International Inc.	—	−4,149	—	exited	0.00 pp	—
RRyder System, Inc.	—	−6,876	—	exited	0.00 pp	—
SBACSBA Communications Corp	—	−1,009	—	exited	0.00 pp	—
SLMSLM Corporation	—	−45,783	—	exited	0.00 pp	—
SABRSabre Corporation	—	−19,113	—	exited	0.00 pp	—
SRPTSarepta Therapeutics,, Inc.	—	−2,582	—	exited	0.00 pp	—
HSICHenry Schein Inc	—	−5,122	—	exited	0.00 pp	—
SGENSeagen Inc.	—	−2,156	—	exited	0.00 pp	—
PRKSUnited Parks & Resorts Inc.	—	−8,098	—	exited	0.00 pp	—
SHAKShake Shack Inc.	—	−3,752	—	exited	0.00 pp	—
SITCSITE Centers Corp.	—	−27,298	—	exited	0.00 pp	—
SWKSSkyworks Solutions Inc	—	−2,363	—	exited	0.00 pp	—
SNBRQSleep Number Corp	—	−10,678	—	exited	0.00 pp	—
SWISolarWinds Corporation	—	−16,602	—	exited	0.00 pp	—
SPTNSpartanNash Company	—	−37,023	—	exited	0.00 pp	—
SPBSpectrum Brands Holdings, Inc.	—	−4,377	—	exited	0.00 pp	—
unresolvedSprint Corporation	—	−27,039	—	exited	0.00 pp	—
SWKStanley Black & Decker, Inc.	—	−2,488	—	exited	0.00 pp	—
SRCLStericycle Inc	—	−3,210	—	exited	0.00 pp	—
TGTTarget Corporation	—	−2,844	—	exited	0.00 pp	—
TRGPTarga Resources Corp.	—	−10,294	—	exited	0.00 pp	—
TCOTaubman Centers Inc.	—	−18,501	—	exited	0.00 pp	—
TFXTeleflex Incorporated	—	−552	—	exited	0.00 pp	—
REALThe RealReal, Inc.	—	−27,753	—	exited	0.00 pp	—
TOLToll Brothers, Inc.	—	−13,131	—	exited	0.00 pp	—
TRUTransUnion	—	−5,168	—	exited	0.00 pp	—
TRVThe Travelers Companies, Inc.	—	−3,022	—	exited	0.00 pp	—
TRMBTrimble Inc.	—	−9,386	—	exited	0.00 pp	—
TUPTupperware Brands Corporation	—	−13,798	—	exited	0.00 pp	—
XUnited States Steel Corp	—	−41,672	—	exited	0.00 pp	—
UNMUnum Group	—	−7,398	—	exited	0.00 pp	—
VLOValero Energy Corporation	—	−5,893	—	exited	0.00 pp	—
VRAVera Bradley, Inc.	—	−10,339	—	exited	0.00 pp	—
VSTVistra Corp.	—	−23,017	—	exited	0.00 pp	—
VOYAVoya Financial, Inc.	—	−5,358	—	exited	0.00 pp	—
WTIW&T Offshore, Inc.	—	−10,984	—	exited	0.00 pp	—
WALWestern Alliance Bancorporation	—	−5,056	—	exited	0.00 pp	—
WWWWolverine World Wide, Inc.	—	−12,571	—	exited	0.00 pp	—
WPXWPX Energy, Inc.	—	−13,746	—	exited	0.00 pp	—
WYNTravel + Leisure Co.	—	−8,361	—	exited	0.00 pp	—
WHWyndham Hotels & Resorts, Inc.	—	−3,208	—	exited	0.00 pp	—
ZIONZions Bancorporation N.A.	—	−5,587	—	exited	0.00 pp	—
ALKSAlkermes Inc. plc	—	−28,990	—	exited	0.00 pp	—
unresolvedAon PLC	—	−2,470	—	exited	0.00 pp	—
unresolvedAtlassian Corp Plc	—	−4,581	—	exited	0.00 pp	—
AXTAAxalta Coating Systems Ltd.	—	−9,124	—	exited	0.00 pp	—
GGenpact Limited	—	−5,975	—	exited	0.00 pp	—
IVZInvesco LTD	—	−20,967	—	exited	0.00 pp	—
JCIJohnson Controls International plc	—	−8,078	—	exited	0.00 pp	—
LAZLazard, Inc.	—	−15,395	—	exited	0.00 pp	—
9991429DAptiv Irish Holdings Ltd	—	−6,336	—	exited	0.00 pp	—
STSensata Technologies Holding plc	—	−6,310	—	exited	0.00 pp	—
GLNGGolar LNG Ltd	—	−13,412	—	exited	0.00 pp	—
PRGOPerrigo Company PLC	—	−5,196	—	exited	0.00 pp	—
unresolvedQiagen N.V	—	−11,122	—	exited	0.00 pp	—