Maverick Capital

Q4 2018 13F · by Lee Ainslie, founder

As of: Dec 31, 2018
Filed: Feb 14, 2019
US stock: $6.8B · prev $8.0B
Positions: 257 · prev 238
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%

Moves323 since the prior filing

+31.0 pp in · −31.0 pp out

New 87 +14.21 pp
Added 82 +16.77 pp
Trimmed 86 −22.66 pp
Exited 68 −8.30 pp

The book

Diversified · behaves like 47 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 138% a year, about 0.7 years per position

Low
Moderate
High

Top 5 positions21% of US stock

MSFT Microsoft Corp trimmed−0.70 pp trimmed−0.704.7%
SCHW The Charles Schwab Corporation added+1.60 pp added+1.604.7%
DXC DXC Technology Company added−0.30 pp added−0.304.4%
BABA Alibaba Group Holding Limited added+1.62 pp added+1.623.7%
INTC Intel Corp trimmed−0.48 pp trimmed−0.483.6%

Positions257 in this filing · 68 exited


MSFTMicrosoft Corp	4.70%	3,153,293	$320M	trimmed−17%	−0.70 pp	6 q
SCHWThe Charles Schwab Corporation	4.65%	7,623,133	$317M	added+53%	+1.60 pp	5 q
DXCDXC Technology Company	4.40%	5,638,163	$300M	added+40%	−0.30 pp	7 q
BABAAlibaba Group Holding Limited	3.73%	1,854,136	$254M	added+80%	+1.62 pp	6 q
INTCIntel Corp	3.60%	5,226,866	$245M	trimmed−25%	−0.48 pp	5 q
ELVElevance Health, Inc.	3.45%	893,749	$235M	trimmed−14%	−0.11 pp	14 q
DISThe Walt Disney Company	3.42%	2,122,636	$233M	trimmed−40%	−1.74 pp	3 q
GOOGAlphabet Inc. Class C	3.24%	212,829	$220M	added×41.9	+3.16 pp	17 q
CNCCentene Corporation	3.05%	1,803,999	$208M	added×2.2	+1.60 pp	4 q
ALNYAlnylam Pharmaceuticals, Inc.	3.00%	2,803,951	$204M	added+85%	+1.35 pp	3 q
TMUST-Mobile US, Inc.	2.74%	2,936,159	$187M	trimmed−43%	−1.79 pp	6 q
LOWLowe's Companies Inc.	2.39%	1,762,848	$163M	added+1%	−0.11 pp	7 q
MAMastercard Incorporated	2.37%	855,818	$161M	trimmed−30%	−0.99 pp	16 q
VISNVistance Networks, Inc.	2.35%	9,752,234	$160M	added×2.1	+0.56 pp	3 q
WCNWaste Connections, Inc.	2.32%	2,126,174	$158M	trimmed−39%	−1.17 pp	11 q
unresolvedShire PLC	2.16%	846,406	$147M	trimmed−36%	−0.81 pp	12 q
unresolvedDowdupont Inc	2.08%	2,644,634	$141M	added+37%	+0.54 pp	6 q
PRSPPerspecta Inc	2.00%	7,906,092	$136M	added+25%	−0.02 pp	3 q
EXPEagle Materials, Inc.	1.71%	1,909,554	$117M	new	+1.71 pp	new
ADBEAdobe Inc.	1.58%	475,469	$108M	trimmed−25%	−0.54 pp	22 q
LRCXLam Research Corp	1.57%	784,796	$107M	trimmed−51%	−1.45 pp	12 q
BIDUBaidu, Inc.	1.44%	617,783	$98M	trimmed−28%	−1.00 pp	6 q
AMATApplied Materials Inc	1.29%	2,682,479	$88M	added+58%	+0.47 pp	10 q
KKRKKR & Co. Inc.	1.23%	4,257,020	$84M	added×4.8	+0.93 pp	2 q
TTWOTake-Two Interactive Software Inc	1.14%	754,834	$78M	new	+1.14 pp	new
STZConstellation Brands, Inc.	1.10%	465,246	$75M	trimmed−25%	−0.55 pp	2 q
BTIBritish American Tobacco p.l.c.	1.01%	2,163,916	$69M	added+49%	+0.17 pp	5 q
MDCOMedicines Co	0.99%	3,514,977	$67M	added×2.6	+0.48 pp	4 q
WYNNWynn Resorts Ltd	0.95%	651,760	$64M	new	+0.95 pp	new
BUDAnheuser-Busch INBEV SA/NV	0.94%	973,880	$64M	trimmed−51%	−1.24 pp	23 q
GPKGraphic Packaging Holding Company	0.94%	6,047,126	$64M	added+24%	+0.09 pp	3 q
LVSLas Vegas Sands Corp.	0.91%	1,192,963	$62M	new	+0.91 pp	new
NTESNetEase, inc.	0.82%	237,108	$56M	new	+0.82 pp	new
PVHPVH Corp.	0.68%	499,453	$46M	added×2.4	+0.30 pp	2 q
UALUnited Airlines Holdings, Inc.	0.52%	423,460	$35M	added+65%	+0.24 pp	2 q
MSGSMadison Square Garden Sports Corp.	0.51%	130,230	$35M	new	+0.51 pp	new
OLLIOllie's Bargain Outlet Holdings, Inc.	0.50%	509,440	$34M	new	+0.50 pp	new
WOOFoot Locker Inc	0.48%	609,020	$32M	added×2.5	+0.32 pp	2 q
RHRh	0.46%	262,240	$31M	added×8.9	+0.41 pp	3 q
TXRHTexas Roadhouse, Inc.	0.44%	500,740	$30M	added×2.4	+0.26 pp	2 q
DALDelta Air Lines, Inc.	0.41%	555,710	$28M	added+21%	+0.08 pp	3 q
GU9Guess? Inc	0.41%	1,350,610	$28M	added+23%	+0.10 pp	4 q
SIX1Six Flags Entertainment Corp.	0.39%	477,770	$27M	new	+0.39 pp	new
SGISomnigroup International Inc.	0.38%	619,678	$26M	new	+0.38 pp	new
YUMYum! Brands, Inc.	0.37%	273,560	$25M	trimmed−49%	−0.23 pp	2 q
RLRalph Lauren Corporation	0.34%	221,330	$23M	added+3%	−0.03 pp	4 q
CRICarter's Inc.	0.33%	272,580	$22M	new	+0.33 pp	new
CROXCrocs, Inc.	0.33%	873,340	$23M	added+2%	+0.10 pp	7 q
WSMWilliams-Sonoma, Inc.	0.33%	447,950	$23M	added×6.0	+0.27 pp	2 q
BAXBaxter International Inc.	0.32%	327,060	$22M	trimmed−61%	−0.48 pp	2 q
WMTWalmart Inc.	0.32%	235,940	$22M	new	+0.32 pp	new
LBBath & Body Works, Inc.	0.30%	808,140	$21M	added+12%	+0.03 pp	3 q
SFLYShutterfly, Inc.	0.30%	500,098	$20M	new	+0.30 pp	new
BIGGQBig Lots Inc	0.28%	669,470	$19M	trimmed−9%	−0.10 pp	3 q
ULTAUlta Beauty, Inc.	0.28%	79,280	$19M	new	+0.28 pp	new
AAPAdvance Auto Parts Inc	0.27%	117,260	$18M	trimmed−49%	−0.21 pp	4 q
EATBrinker International, Inc.	0.27%	420,290	$18M	added+89%	+0.14 pp	2 q
CMGChipotle Mexican Grill, Inc.	0.27%	42,130	$18M	added×41.3	+0.26 pp	3 q
MMacy's Inc.	0.26%	598,930	$18M	added×3.2	+0.18 pp	2 q
TGTTarget Corporation	0.26%	267,290	$18M	trimmed−24%	−0.13 pp	3 q
NKENike, Inc.	0.25%	232,070	$17M	new	+0.25 pp	new
PLCEChildren's Place, Inc.	0.22%	164,680	$15M	added+10%	−0.02 pp	6 q
ENREnergizer Holdings, Inc	0.21%	321,090	$14M	new	+0.21 pp	new
unresolvedAmc Entmt Hldgs Inc	0.20%	1,090,920	$13M	added×2.1	+0.07 pp	4 q
MIKMichaels Stores, Inc	0.20%	1,022,569	$14M	added×9.9	+0.18 pp	2 q
LUVSouthwest Airlines Co.	0.20%	294,690	$14M	trimmed−58%	−0.34 pp	16 q
AZOAutoZone, Inc.	0.19%	15,620	$13M	trimmed−67%	−0.27 pp	3 q
PLAYDave & Buster's Entertainment, Inc.	0.19%	294,776	$13M	trimmed−32%	−0.16 pp	3 q
CNKCinemark Holdings, Inc.	0.18%	333,020	$12M	added+23%	+0.04 pp	3 q
HUNHuntsman Corporation	0.18%	639,810	$12M	new	+0.18 pp	new
JBLUJetBlue Airways Corp	0.18%	768,370	$12M	added+55%	+0.06 pp	2 q
KRThe Kroger Co.	0.18%	438,610	$12M	added×2.4	+0.12 pp	2 q
SIGSignet Jewelers Limited	0.18%	385,760	$12M	added×2.8	+0.07 pp	2 q
COLMColumbia Sportswear Co	0.17%	135,214	$11M	added×14.4	+0.16 pp	7 q
GPCGenuine Parts Company	0.16%	116,820	$11M	new	+0.16 pp	new
GPROGoPro, Inc.	0.16%	2,555,650	$11M	added×6.8	+0.13 pp	3 q
99803EURLaboratory Crp Of Amer Hldgs	0.16%	88,200	$11M	new	+0.16 pp	new
TDToronto Dominion Bank	0.16%	222,780	$11M	new	+0.16 pp	new
KEYKeyCorp	0.15%	669,180	$10M	trimmed−12%	−0.04 pp	3 q
ORLYO'Reilly Automotive, Inc.	0.15%	29,610	$10M	trimmed−59%	−0.16 pp	4 q
CAKECheesecake Factory (The)	0.14%	216,950	$9M	trimmed−2%	−0.01 pp	4 q
WSTWest Pharmaceutical Services, Inc.	0.14%	99,950	$10M	added×2.4	+0.08 pp	2 q
CHDNChurchill Downs Inc	0.13%	36,451	$9M	added×2.4	+0.08 pp	3 q
CBRLCracker Barrel Old Country Store, Inc,.	0.13%	55,316	$9M	new	+0.13 pp	new
GCOGenesco Inc.	0.13%	195,020	$9M	added×2.3	+0.08 pp	4 q
HONHoneywell International, Inc.	0.13%	66,360	$9M	new	+0.13 pp	new
AALAmerican Airlines Group Inc.	0.12%	248,370	$8M	trimmed−69%	−0.30 pp	2 q
ARCHArch Resources Inc	0.12%	95,820	$8M	trimmed−5%	+0.01 pp	2 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.12%	696,809	$8M	added×15.8	+0.11 pp	2 q
KOCoca-Cola Company	0.12%	171,550	$8M	added×3.1	+0.09 pp	2 q
DRIDarden Restaurants, Inc.	0.12%	80,420	$8M	trimmed−57%	−0.14 pp	3 q
DDSDillard's, Inc. Class A	0.12%	140,210	$8M	trimmed−62%	−0.23 pp	4 q
unresolvedImperva Inc	0.12%	150,000	$8M	new	+0.12 pp	new
MNSTMonster Beverage Corporation	0.12%	165,560	$8M	added+44%	+0.04 pp	2 q
SBHSally Beauty Holdings, Inc.	0.12%	472,254	$8M	trimmed−46%	−0.08 pp	3 q
WINGWingstop Inc	0.12%	122,730	$8M	added×4.5	+0.10 pp	2 q
unresolvedBarnes & Noble Inc	0.11%	1,060,670	$8M	added×5.6	+0.10 pp	7 q
BXBlackstone Inc.	0.11%	249,810	$7M	added+23%	+0.01 pp	3 q
CFCF Industries Holding, Inc.	0.11%	165,900	$7M	new	+0.11 pp	new
CPBThe Campbell's Company	0.11%	230,530	$8M	new	+0.11 pp	new
CVLTCommvault Systems, Inc.	0.11%	125,470	$7M	trimmed−1%	0.00 pp	3 q
HASHasbro, Inc.	0.11%	92,110	$7M	new	+0.11 pp	new
LKQLKQ Corporation	0.11%	318,150	$8M	new	+0.11 pp	new
PLNTPlanet Fitness, Inc.	0.11%	136,660	$7M	added×3.9	+0.09 pp	2 q
QRVOQorvo, Inc.	0.11%	119,680	$7M	added+1%	0.00 pp	2 q
QCOMQualcomm Inc	0.11%	127,160	$7M	trimmed−2%	−0.01 pp	2 q
TWTRTwitter, Inc.	0.11%	255,120	$7M	new	+0.11 pp	new
HCCWarrior Met Coal, Inc.	0.11%	320,690	$8M	trimmed−17%	−0.02 pp	3 q
YELPYelp Inc.	0.11%	216,570	$8M	new	+0.11 pp	new
HLFHerbalife Ltd.	0.11%	130,160	$8M	added+5%	+0.03 pp	3 q
AIYActivision Blizzard Inc	0.10%	152,960	$7M	new	+0.10 pp	new
AKAMAkamai Technologies Inc	0.10%	106,450	$7M	new	+0.10 pp	new
AAPLApple Inc.	0.10%	41,570	$7M	new	+0.10 pp	new
BKNGBooking Holdings Inc.	0.10%	3,820	$7M	trimmed−12%	−0.01 pp	4 q
BTGB2Gold Corp.	0.10%	2,412,790	$7M	new	+0.10 pp	new
FTNTFortinet, Inc.	0.10%	100,960	$7M	trimmed−8%	−0.03 pp	2 q
HSYThe Hershey Company	0.10%	65,940	$7M	new	+0.10 pp	new
LEXEALiberty Expedia Holdings, Inc. Class A	0.10%	165,630	$6M	added+7%	+0.01 pp	2 q
unresolvedNational Gen Hldgs Corp	0.10%	275,110	$7M	added×95.5	+0.10 pp	2 q
NEWMUSA TODAY Co., Inc.	0.10%	618,020	$7M	trimmed−2%	−0.02 pp	3 q
PFEPfizer Inc.	0.10%	159,570	$7M	trimmed−22%	−0.01 pp	2 q
ROSTRoss Stores Inc	0.10%	78,958	$7M	new	+0.10 pp	new
STMPStamps.com, Inc.	0.10%	44,010	$7M	added+25%	0.00 pp	2 q
TAKTakeda Pharmaceutical Company Limited	0.10%	385,000	$6M	new	+0.10 pp	new
TDGTransDigm Group Incorporated	0.10%	19,780	$7M	trimmed−23%	−0.02 pp	2 q
ZTSZoetis Inc.	0.10%	77,600	$7M	trimmed−20%	−0.01 pp	4 q
CZRCaesars Entertainment, Inc.	0.09%	931,350	$6M	new	+0.09 pp	new
GLWCorning Incorporated	0.09%	205,960	$6M	added+31%	+0.02 pp	2 q
ETRAE*trade Financial Corp	0.09%	135,200	$6M	added+2%	0.00 pp	2 q
EPCEdgewell Personal Care Company	0.09%	161,000	$6M	new	+0.09 pp	new
EAElectronic Arts Inc	0.09%	76,830	$6M	added+4%	−0.02 pp	9 q
GSGoldman Sachs Group Inc.	0.09%	36,530	$6M	new	+0.09 pp	new
HTZGQHertz Global Holdings Inc	0.09%	471,990	$6M	added×2.5	+0.05 pp	2 q
IPHIInphi Corporation	0.09%	200,948	$6M	trimmed−89%	−0.78 pp	4 q
unresolvedL3 Technologies Inc	0.09%	35,850	$6M	new	+0.09 pp	new
HZOMarineMax, Inc.	0.09%	320,680	$6M	new	+0.09 pp	new
MSMorgan Stanley	0.09%	155,770	$6M	added+2%	0.00 pp	3 q
NTAPNetApp, Inc	0.09%	102,420	$6M	new	+0.09 pp	new
NOKNokia Corporation	0.09%	1,039,560	$6M	new	+0.09 pp	new
PRAAPRA Group, Inc.	0.09%	250,200	$6M	added+25%	0.00 pp	2 q
PHParker-Hannifin Corporation	0.09%	39,930	$6M	added+24%	+0.02 pp	2 q
RIORio Tinto plc	0.09%	120,400	$6M	new	+0.09 pp	new
TECKTeck Resources Limited	0.09%	275,000	$6M	trimmed−11%	0.00 pp	4 q
VIABViacom Inc. Class B	0.09%	247,340	$6M	new	+0.09 pp	new
ALLEAllegion Public Limited Company	0.09%	74,949	$6M	new	+0.09 pp	new
RIGTransocean LTD.	0.09%	904,675	$6M	added+68%	0.00 pp	4 q
CDNSCadence Design Systems	0.08%	123,570	$5M	trimmed−10%	0.00 pp	14 q
CTXSCitrix Systems Inc	0.08%	51,280	$5M	trimmed−11%	0.00 pp	14 q
COPConocoPhillips	0.08%	84,700	$5M	trimmed−10%	−0.01 pp	3 q
EBAYeBay Inc	0.08%	203,290	$6M	trimmed−8%	−0.01 pp	13 q
XOGExtraction Oil & Gas Inc	0.08%	1,310,130	$6M	new	+0.08 pp	new
KEYSKeysight Technologies, Inc.	0.08%	83,440	$5M	added+42%	+0.03 pp	3 q
LEALear Corporation	0.08%	43,330	$5M	trimmed−22%	−0.02 pp	13 q
LTRPALiberty TripAdvisor Holdings, Inc. Series A	0.08%	331,830	$5M	new	+0.08 pp	new
unresolvedNew Oriental Ed & Tech Grp I	0.08%	95,580	$5M	added+12%	0.00 pp	7 q
BTUPeabody Energy Corporation	0.08%	181,570	$6M	added+8%	+0.01 pp	3 q
PBRPetroleo Brasileiro S.a.-petrobras	0.08%	396,320	$5M	trimmed−37%	−0.02 pp	3 q
POSTPost Holdings, Inc.	0.08%	64,190	$6M	added+61%	+0.03 pp	3 q
SNASnap-on Incorporated	0.08%	36,310	$5M	added×3.0	+0.05 pp	3 q
BIDTribeca Strategic Acquisition Corp. Class A	0.08%	135,210	$5M	added+8%	0.00 pp	6 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.08%	147,330	$5M	trimmed−4%	0.00 pp	9 q
TALTAL Education Group	0.08%	194,890	$5M	trimmed−8%	+0.01 pp	11 q
TXNTexas Instruments Incorporated	0.08%	54,970	$5M	trimmed−4%	0.00 pp	4 q
TSUTIM Participacoes S.A.	0.08%	368,179	$6M	trimmed−23%	−0.01 pp	3 q
TTCToro Company (The)	0.08%	91,920	$5M	new	+0.08 pp	new
VALEVale S.a.	0.08%	411,330	$5M	new	+0.08 pp	new
VVISA Inc.	0.08%	39,040	$5M	trimmed−14%	0.00 pp	7 q
VMWVMware, Inc	0.08%	40,140	$6M	trimmed−19%	−0.02 pp	10 q
ATHAthene Holding Ltd-class A	0.08%	129,210	$5M	trimmed−6%	−0.01 pp	3 q
AYAtlantica Sustainable Infras	0.08%	293,007	$6M	new	+0.08 pp	new
unresolvedHorizon Pharma PLC	0.08%	285,100	$6M	trimmed−5%	+0.01 pp	2 q
CHKPCheck Point Software Technologies Ltd	0.08%	50,750	$5M	trimmed−16%	−0.01 pp	2 q
MLNXMellanox Technologies Ltd	0.08%	61,820	$6M	new	+0.08 pp	new
ADMArcher Daniels Midland Company	0.07%	108,700	$4M	new	+0.07 pp	new
ARNCHowmet Aerospace Inc.	0.07%	288,520	$5M	added×2.1	+0.03 pp	2 q
BABoeing Company	0.07%	15,840	$5M	trimmed−18%	−0.02 pp	5 q
CIThe Cigna Group	0.07%	25,370	$5M	new	+0.07 pp	new
CITCIT Group Inc.	0.07%	119,350	$5M	trimmed−3%	−0.01 pp	3 q
CEOCNOOC Limited	0.07%	33,110	$5M	trimmed−15%	−0.03 pp	2 q
CTLLumen Technologies, Inc.	0.07%	314,880	$5M	trimmed−6%	−0.02 pp	2 q
CFGCitizens Financial Group, Inc.	0.07%	149,220	$4M	trimmed−1%	0.00 pp	7 q
CTSHCognizant Technology Solutions	0.07%	79,110	$5M	trimmed−11%	−0.01 pp	5 q
CACCCredit Acceptance Corp	0.07%	13,260	$5M	trimmed−0%	0.00 pp	6 q
unresolvedEncana Corp	0.07%	823,060	$5M	new	+0.07 pp	new
EXPEExpedia Group, Inc.	0.07%	44,980	$5M	trimmed−8%	−0.01 pp	6 q
METAMeta Platforms, Inc. Class A	0.07%	38,670	$5M	added+6%	0.00 pp	16 q
WUBA58.COM Inc	0.07%	88,780	$5M	added+6%	−0.01 pp	3 q
LULUlululemon athletica inc.	0.07%	41,080	$5M	trimmed−67%	−0.18 pp	4 q
SCSantander Consumer USA Holdings Inc	0.07%	280,990	$5M	trimmed−2%	0.00 pp	4 q
SONYSony Group Corporation	0.07%	105,110	$5M	new	+0.07 pp	new
TJXTJX Companies, Inc. (The)	0.07%	106,790	$5M	trimmed−87%	−0.49 pp	10 q
TMOThermo Fisher Scientific, Inc.	0.07%	22,020	$5M	added+94%	+0.04 pp	2 q
JAZZJazz Pharmaceuticals, Inc.	0.07%	37,450	$5M	added+2%	−0.01 pp	12 q
LBTYKLiberty Global Ltd. Class C	0.07%	232,570	$5M	trimmed−13%	−0.02 pp	4 q
LIVNLivaNova PLC	0.07%	55,330	$5M	new	+0.07 pp	new
STXNSeagate Technology Holdings PLC (Ireland)	0.07%	123,900	$5M	added+9%	0.00 pp	2 q
SINASina Corp	0.07%	83,990	$5M	trimmed−3%	0.00 pp	5 q
unresolvedFiat Chrysler Automobiles NV s	0.07%	322,230	$5M	trimmed−5%	0.00 pp	5 q
ADSKAutodesk Inc	0.06%	29,510	$4M	added+71%	+0.03 pp	2 q
BHCBausch Health Companies Inc	0.06%	216,950	$4M	trimmed−20%	−0.03 pp	2 q
CSLTCastlight Health, Inc.	0.06%	1,771,350	$4M	held	—	20 q
GTNGray Media, Inc.	0.06%	299,162	$4M	trimmed−20%	−0.02 pp	4 q
HESHess Corporation	0.06%	99,940	$4M	added+7%	−0.02 pp	3 q
KLKirkland Lake Gold Ltd Ordinary	0.06%	155,170	$4M	added+1%	+0.02 pp	2 q
SHOOSteven Madden Ltd	0.06%	131,430	$4M	new	+0.06 pp	new
MKCMcCormick & Company, Incorporated Non-VTG CS	0.06%	28,840	$4M	trimmed−60%	−0.06 pp	2 q
MEOHMethanex Corp	0.06%	87,160	$4M	added+12%	−0.02 pp	3 q
MUMicron Technology, Inc.	0.06%	136,360	$4M	added+18%	−0.01 pp	3 q
MNROMonro, Inc.	0.06%	60,120	$4M	trimmed−13%	0.00 pp	3 q
UHSUniversal Health Services, Inc. Class B	0.06%	32,230	$4M	trimmed−99%	−3.77 pp	17 q
MDTMedtronic plc	0.06%	44,470	$4M	new	+0.06 pp	new
MOAltria Group, Inc.	0.05%	65,760	$3M	trimmed−24%	−0.02 pp	2 q
BCPCBalchem Corporation	0.05%	40,190	$3M	new	+0.05 pp	new
DARDarling Ingredients Inc.	0.05%	183,520	$4M	added+12%	+0.01 pp	3 q
FIVEFive Below, Inc.	0.05%	30,340	$3M	new	+0.05 pp	new
TAPMolson Coors Beverage Company Class B	0.05%	58,500	$3M	new	+0.05 pp	new
NUSNuSkin Enterprises, Inc.	0.05%	51,210	$3M	new	+0.05 pp	new
PZZAPapa John's International Inc	0.05%	93,290	$4M	new	+0.05 pp	new
SJMThe J.M. Smucker Company	0.05%	33,950	$3M	new	+0.05 pp	new
TEVATeva Pharmaceutical Industries Limited	0.05%	241,220	$4M	new	+0.05 pp	new
ENDPQEndo International PLC	0.05%	450,720	$3M	added+41%	−0.02 pp	2 q
MNKMallinckrodt PLC	0.05%	218,540	$3M	new	+0.05 pp	new
AMEDAmedisys Inc	0.04%	20,740	$2M	new	+0.04 pp	new
BBarnes Group Inc	0.04%	51,600	$3M	trimmed−5%	−0.01 pp	3 q
BSXBoston Scientific Corp.	0.04%	77,730	$3M	new	+0.04 pp	new
CTRPTrip.com Group Limited	0.04%	101,780	$3M	new	+0.04 pp	new
DEODiageo plc	0.04%	21,030	$3M	new	+0.04 pp	new
LOCOEl Pollo Loco Holdings, Inc.	0.04%	184,160	$3M	new	+0.04 pp	new
FMCFMC Corporation	0.04%	40,480	$3M	added0%	0.00 pp	2 q
FRGIFiesta Restaurant Group, Inc.	0.04%	172,558	$3M	trimmed−51%	−0.08 pp	4 q
HN9Hanesbrands Inc	0.04%	203,920	$3M	new	+0.04 pp	new
PMPhilip Morris International Inc.	0.04%	44,480	$3M	new	+0.04 pp	new
SHAKShake Shack Inc.	0.04%	58,930	$3M	new	+0.04 pp	new
LYBLyondellBasell Industries N.V. Class A	0.04%	36,580	$3M	new	+0.04 pp	new
ACHCAcadia Healthcare Company, Inc.	0.03%	83,070	$2M	added+51%	+0.01 pp	2 q
CVCOCavco Industries Inc.	0.03%	15,280	$2M	trimmed−27%	−0.04 pp	3 q
JNJJohnson & Johnson	0.03%	15,180	$2M	trimmed−72%	−0.06 pp	11 q
MTCHMatch Group, Inc	0.03%	45,264	$2M	trimmed−85%	−0.19 pp	2 q
MATMattel, Inc.	0.03%	202,520	$2M	new	+0.03 pp	new
RRXRegal Rexnord Corporation	0.03%	31,560	$2M	trimmed−2%	0.00 pp	2 q
PRKSUnited Parks & Resorts Inc.	0.03%	106,260	$2M	trimmed−88%	−0.31 pp	5 q
TSCOTractor Supply Co	0.03%	20,900	$2M	trimmed−93%	−0.29 pp	3 q
CARAvis Budget Group, Inc.	0.02%	48,420	$1M	new	+0.02 pp	new
SAMBoston Beer Company	0.02%	6,080	$1M	new	+0.02 pp	new
COTYCoty Inc	0.02%	250,200	$2M	new	+0.02 pp	new
DINDine Brands Global, Inc.	0.02%	16,967	$1M	trimmed−64%	−0.03 pp	5 q
FLOFlowers Foods, Inc.	0.02%	75,390	$1M	new	+0.02 pp	new
HAINHain Celestial Group Inc	0.02%	89,920	$1M	new	+0.02 pp	new
JACKJack in the Box Inc.	0.02%	13,910	$1M	new	+0.02 pp	new
unresolvedNutri Sys Inc New	0.02%	29,630	$1M	new	+0.02 pp	new
HELEHelen Of Troy Ltd	0.02%	11,870	$2M	new	+0.02 pp	new
PENNPENN Entertainment, Inc.	0.01%	26,090	$491,000	new	+0.01 pp	new
unresolvedMichael Kors Hldgs Ltd	0.01%	22,980	$871,000	trimmed−96%	−0.43 pp	4 q
ANFAbercrombie & Fitch Co.	0.00%	610	$12,000	trimmed−100%	−0.09 pp	2 q
BURLBurlington Stores, Inc.	0.00%	703	$114,000	new	0.00 pp	new
SMGThe Scotts Miracle-Gro Company	0.00%	3,180	$195,000	new	0.00 pp	new
WTWWillis Towers Watson Public Limited Company	0.00%	2,186	$84,000	held	—	9 q
unresolvedCBS Corp	—	−2,322,965	—	exited	−1.66 pp	—
SPOTSpotify Technology S.A.	—	−368,806	—	exited	−0.83 pp	—
PACBPacific Biosciences of California, Inc.	—	−12,173,094	—	exited	−0.82 pp	—
CIENCiena Corporation	—	−1,128,681	—	exited	−0.44 pp	—
MHKMohawk Industries, Inc.	—	−178,965	—	exited	−0.39 pp	—
JWNNordstrom, Inc.	—	−356,950	—	exited	−0.27 pp	—
unresolvedDsw Inc	—	−581,290	—	exited	−0.24 pp	—
MOHMolina Healthcare, Inc.	—	−70,290	—	exited	−0.13 pp	—
USBU.S. Bancorp	—	−190,770	—	exited	−0.13 pp	—
WCGWellcare Health Plans, Inc.	—	−31,890	—	exited	−0.13 pp	—
HUMHumana Inc.	—	−27,480	—	exited	−0.12 pp	—
BMYBristol-Myers Squibb Co.	—	−148,610	—	exited	−0.11 pp	—
GNRCGenerac Holdings Inc	—	−152,110	—	exited	−0.11 pp	—
TSGIStars Group INC/THE	—	−353,040	—	exited	−0.11 pp	—
VEEVVeeva Systems Inc.	—	−78,690	—	exited	−0.11 pp	—
S9QSpirit Aerosystems Hold-cl A	—	−87,820	—	exited	−0.10 pp	—
TRNTrinity Industries, Inc.	—	−227,630	—	exited	−0.10 pp	—
VRSVerso Corporation	—	−249,316	—	exited	−0.10 pp	—
unresolvedCigna Corporation	—	−36,160	—	exited	−0.09 pp	—
unresolvedExpress Inc	—	−650,077	—	exited	−0.09 pp	—
KLICKulicke & Soffa Industries Inc	—	−292,080	—	exited	−0.09 pp	—
TERTeradyne, Inc.	—	−193,520	—	exited	−0.09 pp	—
unresolvedXcerra Corp	—	−489,610	—	exited	−0.09 pp	—
unresolvedOcean Rig Udw Inc	—	−209,460	—	exited	−0.09 pp	—
CMPRCimpress PLC (Ireland)	—	−50,410	—	exited	−0.09 pp	—
ALLYAlly Financial Inc.	—	−239,770	—	exited	−0.08 pp	—
COLLCollegium Pharmaceutical, Inc.	—	−421,993	—	exited	−0.08 pp	—
EWEdwards Lifesciences Corp	—	−39,160	—	exited	−0.08 pp	—
SMSM Energy Company	—	−215,350	—	exited	−0.08 pp	—
TPRTapestry, Inc.	—	−121,790	—	exited	−0.08 pp	—
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	—	−24,820	—	exited	−0.08 pp	—
YYJOYY Inc.	—	−88,100	—	exited	−0.08 pp	—
CASYCasey's General Stores Inc	—	−40,954	—	exited	−0.07 pp	—
KSSKohls Corporation	—	−72,000	—	exited	−0.07 pp	—
WWayfair Inc.	—	−37,200	—	exited	−0.07 pp	—
PCARPaccar Inc	—	−69,580	—	exited	−0.06 pp	—
BDXBecton, Dickinson and Co.	—	−14,110	—	exited	−0.05 pp	—
CAGConagra Brands, Inc.	—	−120,860	—	exited	−0.05 pp	—
FIXXQ32 Bio Inc	—	−166,249	—	exited	−0.05 pp	—
RMDResMed Inc.	—	−38,120	—	exited	−0.05 pp	—
RUTHRuth's Hospitality Group, Inc.	—	−123,707	—	exited	−0.05 pp	—
SEESealed Air Corp New	—	−99,770	—	exited	−0.05 pp	—
TIFTiffany & Co.	—	−29,861	—	exited	−0.05 pp	—
PNRPentair plc	—	−90,390	—	exited	−0.05 pp	—
ALGNAlign Technology Inc	—	−7,690	—	exited	−0.04 pp	—
CERNCerner Corp	—	−49,820	—	exited	−0.04 pp	—
PEPPepsiCo, Inc.	—	−31,360	—	exited	−0.04 pp	—
ZUMZZumiez Inc.	—	−114,724	—	exited	−0.04 pp	—
CALCaleres Inc	—	−72,770	—	exited	−0.03 pp	—
CHDChurch & Dwight Co., Inc.	—	−36,880	—	exited	−0.03 pp	—
FASTFastenal Co	—	−45,590	—	exited	−0.03 pp	—
HAEHaemonetics Corporation	—	−20,830	—	exited	−0.03 pp	—
unresolvedSonic Corp	—	−50,772	—	exited	−0.03 pp	—
XUnited States Steel Corp	—	−72,850	—	exited	−0.03 pp	—
VFCV.F. Corporation	—	−22,910	—	exited	−0.03 pp	—
BCBrunswick Corporation	—	−28,560	—	exited	−0.02 pp	—
DFODQDean Foods Co	—	−249,800	—	exited	−0.02 pp	—
FRANFrancesca's Holdings Corporation	—	−339,450	—	exited	−0.02 pp	—
NUENucor Corporation	—	−30,370	—	exited	−0.02 pp	—
SWKSSkyworks Solutions Inc	—	−20,640	—	exited	−0.02 pp	—
SLCAU.s. Silica Holdings, Inc.	—	−77,930	—	exited	−0.02 pp	—
ETNEaton Corporation, plc	—	−21,940	—	exited	−0.02 pp	—
CHSChicos FAS, Inc.	—	−65,590	—	exited	−0.01 pp	—
HB6Hibbett Inc	—	−35,000	—	exited	−0.01 pp	—
SHLDSears Holdings Corp	—	−776,110	—	exited	−0.01 pp	—
LOPEGrand Canyon Education, Inc	—	−2,678	—	exited	0.00 pp	—
OXMOxford Industries, Inc.	—	−2,190	—	exited	0.00 pp	—
QSRRestaurant Brands International Inc.	—	−5,250	—	exited	0.00 pp	—