Maverick Capital

Q3 2019 13F · by Lee Ainslie, founder

As of: Sep 30, 2019
Filed: Nov 14, 2019
US stock: $6.8B · prev $6.9B
Positions: 333 · prev 281
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%

Moves422 since the prior filing

+24.8 pp in · −24.7 pp out

New 145 +10.96 pp
Added 86 +13.81 pp
Trimmed 98 −12.76 pp
Exited 93 −11.92 pp

The book

Focused · behaves like 35 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 110% a year, about 0.9 years per position

Low
Moderate
High

Top 5 positions27% of US stock

GOOG Alphabet Inc. Class C added+1.13 pp added+1.136.5%
DD DuPont de Nemours, Inc. added+1.41 pp added+1.416.1%
BABA Alibaba Group Holding Limited added+0.49 pp added+0.495.2%
DXC DXC Technology Company added−1.05 pp added−1.054.8%
CNC Centene Corporation added−0.04 pp added−0.044.6%

Positions333 in this filing · 93 exited


GOOGAlphabet Inc. Class C	6.52%	363,920	$444M	added+6%	+1.13 pp	20 q
DDDuPont de Nemours, Inc.	6.10%	5,821,988	$415M	added+35%	+1.41 pp	2 q
BABAAlibaba Group Holding Limited	5.17%	2,102,125	$352M	added+10%	+0.49 pp	9 q
DXCDXC Technology Company	4.75%	10,957,976	$323M	added+51%	−1.05 pp	10 q
CNCCentene Corporation	4.61%	7,244,461	$313M	added+18%	−0.04 pp	7 q
TMUST-Mobile US, Inc.	4.30%	3,717,645	$293M	trimmed−3%	+0.20 pp	9 q
ALNYAlnylam Pharmaceuticals, Inc.	3.81%	3,222,813	$259M	trimmed−24%	−0.64 pp	6 q
VISNVistance Networks, Inc.	3.32%	19,202,308	$226M	added+4%	−0.90 pp	6 q
HUMHumana Inc.	3.23%	860,567	$220M	trimmed−45%	−2.73 pp	3 q
WLKWestlake Corporation	3.14%	3,262,432	$214M	added×2.5	+1.85 pp	2 q
OCOwens Corning	3.00%	3,230,681	$204M	trimmed−8%	+0.04 pp	3 q
MDCOMedicines Co	2.85%	3,884,039	$194M	added0%	+0.81 pp	7 q
MSFTMicrosoft Corp	2.68%	1,310,127	$182M	trimmed−14%	−0.28 pp	9 q
MNSTMonster Beverage Corporation	2.61%	3,060,771	$178M	added×28.3	+2.51 pp	5 q
PRSPPerspecta Inc	2.61%	6,806,332	$178M	trimmed−9%	+0.07 pp	6 q
NFLXNetFlix Inc	2.06%	522,778	$140M	added×8.0	+1.71 pp	2 q
OPLNOPENLANE, Inc	2.05%	5,683,149	$140M	added+12%	+0.21 pp	2 q
GPKGraphic Packaging Holding Company	2.03%	9,348,153	$138M	added×2.8	+1.36 pp	6 q
BKNGBooking Holdings Inc.	1.93%	67,032	$132M	trimmed−25%	−0.50 pp	7 q
LOWLowe's Companies Inc.	1.82%	1,127,968	$124M	trimmed−44%	−1.11 pp	10 q
BTIBritish American Tobacco p.l.c.	1.32%	2,438,020	$90M	added+11%	+0.21 pp	8 q
STNEStoneCo Ltd. Class A	1.25%	2,450,303	$85M	trimmed−6%	+0.13 pp	2 q
ATRAGBXAtara Biotherapeutics Inc	1.06%	5,103,963	$72M	added×2.3	+0.41 pp	3 q
MGMMgm Resorts International	0.97%	2,378,318	$66M	trimmed−47%	−0.90 pp	2 q
FISVFiserv, Inc.	0.93%	608,351	$63M	trimmed−53%	−0.76 pp	3 q
HLTHilton Worldwide Holdings Inc.	0.93%	676,490	$63M	new	+0.93 pp	new
KKRKKR & Co. Inc.	0.81%	2,054,800	$55M	added+7%	+0.10 pp	5 q
AGCOAGCO Corporation	0.73%	656,321	$50M	new	+0.73 pp	new
FLTCorpay, Inc.	0.53%	125,983	$36M	new	+0.53 pp	new
DOWDow Inc.	0.51%	730,439	$35M	trimmed−60%	−0.80 pp	3 q
WCGWellcare Health Plans, Inc.	0.51%	135,014	$35M	new	+0.51 pp	new
QSRRestaurant Brands International Inc.	0.48%	461,631	$33M	new	+0.48 pp	new
BUDAnheuser-Busch INBEV SA/NV	0.41%	294,045	$28M	trimmed−31%	−0.14 pp	26 q
IPHIInphi Corporation	0.41%	457,444	$28M	new	+0.41 pp	new
KSSKohls Corporation	0.34%	464,243	$23M	added×9.2	+0.31 pp	3 q
NWLNewell Brands Inc.	0.30%	1,079,218	$20M	new	+0.30 pp	new
PYPLPayPal Holdings, Inc.	0.29%	191,600	$20M	new	+0.29 pp	new
FTNTFortinet, Inc.	0.26%	232,795	$18M	added×3.6	+0.19 pp	2 q
GISGeneral Mills, Inc.	0.26%	318,271	$18M	new	+0.26 pp	new
LULUlululemon athletica inc.	0.26%	92,972	$18M	trimmed−25%	−0.06 pp	7 q
DKSDick's Sporting Goods, Inc.	0.25%	415,659	$17M	added×2.9	+0.18 pp	3 q
ZUMZZumiez Inc.	0.24%	520,932	$17M	added+45%	+0.10 pp	3 q
AMZNAmazon.Com Inc	0.23%	8,860	$15M	trimmed−34%	−0.14 pp	3 q
SKAASkechers USA Inc-cl A	0.23%	415,079	$16M	trimmed−22%	−0.01 pp	2 q
WOOFoot Locker Inc	0.22%	346,623	$15M	new	+0.22 pp	new
HN9Hanesbrands Inc	0.22%	965,780	$15M	added+19%	+0.02 pp	4 q
AAPLApple Inc.	0.20%	62,275	$14M	added+6%	+0.03 pp	4 q
CHKPCheck Point Software Technologies Ltd	0.20%	126,244	$14M	added+34%	+0.04 pp	5 q
TAKTakeda Pharmaceutical Company Limited	0.19%	764,401	$13M	trimmed−55%	−0.24 pp	4 q
SIGSignet Jewelers Limited	0.19%	761,829	$13M	added×2.4	+0.11 pp	5 q
SAMBoston Beer Company	0.18%	33,415	$12M	added+93%	+0.09 pp	4 q
TWNKHostess Brands, Inc. Class A	0.18%	866,992	$12M	added×3.2	+0.12 pp	3 q
PANWPalo Alto Networks, Inc.	0.18%	60,028	$12M	added×4.6	+0.14 pp	2 q
WENThe Wendy's Company	0.18%	628,474	$13M	new	+0.18 pp	new
ELFe.l.f. Beauty, Inc.	0.17%	651,107	$11M	added×2.9	+0.12 pp	2 q
FLOFlowers Foods, Inc.	0.17%	496,911	$11M	added×2.2	+0.09 pp	4 q
JNJJohnson & Johnson	0.17%	87,603	$11M	added+27%	+0.03 pp	14 q
OXMOxford Industries, Inc.	0.17%	162,314	$12M	added×4.5	+0.13 pp	3 q
CROXCrocs, Inc.	0.16%	402,426	$11M	new	+0.16 pp	new
SHWThe Sherwin-Williams Company	0.16%	19,236	$11M	added+19%	+0.05 pp	3 q
LUVSouthwest Airlines Co.	0.16%	200,048	$11M	added×4.4	+0.13 pp	19 q
KELKellanova	0.15%	155,014	$10M	new	+0.15 pp	new
LBBath & Body Works, Inc.	0.15%	522,523	$10M	new	+0.15 pp	new
SBHSally Beauty Holdings, Inc.	0.15%	702,192	$10M	added×12.0	+0.14 pp	6 q
UIUbiquiti Inc.	0.15%	87,581	$10M	added×2.8	+0.09 pp	2 q
ADBEAdobe Inc.	0.14%	35,141	$10M	trimmed−79%	−0.57 pp	25 q
AAPAdvance Auto Parts Inc	0.14%	57,537	$10M	added×5.9	+0.12 pp	2 q
EATBrinker International, Inc.	0.14%	220,796	$9M	new	+0.14 pp	new
CASYCasey's General Stores Inc	0.14%	59,750	$10M	trimmed−59%	−0.19 pp	2 q
PLCEChildren's Place, Inc.	0.14%	124,153	$10M	added+19%	0.00 pp	2 q
FFord Motor Company	0.14%	1,018,518	$9M	trimmed−12%	−0.03 pp	3 q
PLNTPlanet Fitness, Inc.	0.14%	165,562	$10M	added×4.9	+0.10 pp	5 q
PGProcter & Gamble Company	0.14%	74,244	$9M	trimmed−20%	−0.01 pp	2 q
STZConstellation Brands, Inc.	0.13%	42,476	$9M	added+74%	+0.06 pp	5 q
RHRh	0.13%	49,916	$9M	new	+0.13 pp	new
AMDAdvanced Micro Devices	0.12%	274,578	$8M	new	+0.12 pp	new
NVDANvidia Corp	0.12%	48,345	$8M	added×4.9	+0.10 pp	2 q
BF.BBrown-Forman Corporation Class B	0.11%	116,421	$7M	added+4%	+0.02 pp	2 q
ORCLOracle Corp	0.11%	132,133	$7M	added×4.3	+0.08 pp	2 q
PEPPepsiCo, Inc.	0.11%	56,516	$8M	trimmed−13%	−0.01 pp	2 q
RTNRaytheon Company	0.11%	39,770	$8M	new	+0.11 pp	new
RMDResMed Inc.	0.11%	57,354	$8M	new	+0.11 pp	new
LYBLyondellBasell Industries N.V. Class A	0.11%	82,616	$7M	trimmed−24%	−0.03 pp	2 q
AKXAnsys Inc	0.10%	29,477	$7M	trimmed−0%	+0.01 pp	2 q
CARBCarbonite Inc	0.10%	419,150	$6M	added×2.1	+0.02 pp	3 q
FMCFMC Corporation	0.10%	79,866	$7M	new	+0.10 pp	new
FOSLFossil Group, Inc.	0.10%	561,066	$7M	new	+0.10 pp	new
GMGeneral Motors Company	0.10%	172,499	$6M	new	+0.10 pp	new
PCRXPacira BioSciences, Inc.	0.10%	172,380	$7M	new	+0.10 pp	new
PBHPrestige Consumer Healthcare Inc.	0.10%	197,352	$7M	added×2.6	+0.07 pp	2 q
RLRalph Lauren Corporation	0.10%	68,101	$7M	trimmed−18%	−0.04 pp	2 q
SBUXStarbucks Corp	0.10%	75,714	$7M	trimmed−75%	−0.27 pp	2 q
APDAir Products & Chemicals, Inc.	0.09%	27,242	$6M	added+66%	+0.04 pp	3 q
BMYBristol-Myers Squibb Co.	0.09%	124,512	$6M	added+3%	+0.01 pp	3 q
CFCF Industries Holding, Inc.	0.09%	131,269	$6M	trimmed−6%	0.00 pp	4 q
CTASCintas Corp	0.09%	22,524	$6M	new	+0.09 pp	new
HPQHP Inc.	0.09%	341,643	$6M	added×2.4	+0.05 pp	2 q
INTCIntel Corp	0.09%	115,734	$6M	new	+0.09 pp	new
LZBLa-Z-Boy Incorporated	0.09%	177,186	$6M	added×3.3	+0.07 pp	3 q
LRCXLam Research Corp	0.09%	27,944	$6M	added+10%	+0.02 pp	15 q
LSTRLandstar System Inc	0.09%	51,773	$6M	trimmed−2%	+0.01 pp	2 q
MUSAMurphy USA Inc.	0.09%	68,477	$6M	new	+0.09 pp	new
JWNNordstrom, Inc.	0.09%	177,981	$6M	new	+0.09 pp	new
ORLYO'Reilly Automotive, Inc.	0.09%	15,206	$6M	trimmed−29%	−0.02 pp	7 q
QRVOQorvo, Inc.	0.09%	79,864	$6M	trimmed−13%	0.00 pp	5 q
SW5Southwestern Energy Co	0.09%	3,327,587	$6M	new	+0.09 pp	new
WHRWhirlpool Corp.	0.09%	40,105	$6M	added×2.1	+0.05 pp	2 q
XYLXylem Inc	0.09%	78,096	$6M	new	+0.09 pp	new
ABTAbbott Laboratories	0.08%	62,334	$5M	new	+0.08 pp	new
ANFAbercrombie & Fitch Co.	0.08%	361,358	$6M	new	+0.08 pp	new
ACIAAcacia Communications, Inc.	0.08%	79,820	$5M	new	+0.08 pp	new
ALKAlaska Air Group, Inc.	0.08%	87,299	$6M	trimmed−22%	−0.02 pp	3 q
AIGAmerican International Group, Inc.	0.08%	101,787	$6M	new	+0.08 pp	new
AMPAmeriprise Financial, Inc.	0.08%	37,001	$5M	added×2.7	+0.05 pp	2 q
CACICaci International Cla	0.08%	24,965	$6M	new	+0.08 pp	new
CALCaleres Inc	0.08%	240,562	$6M	added×2.2	+0.05 pp	2 q
COFCapital One Financial	0.08%	57,129	$5M	added×6.0	+0.07 pp	2 q
CHDNChurchill Downs Inc	0.08%	46,818	$6M	trimmed−54%	−0.09 pp	6 q
DENNDenny's Corp	0.08%	250,101	$6M	new	+0.08 pp	new
DVNDevon Energy Corporation	0.08%	224,514	$5M	new	+0.08 pp	new
DEODiageo plc	0.08%	31,799	$5M	added×4.7	+0.06 pp	4 q
EQTEqt Corp	0.08%	494,942	$5M	new	+0.08 pp	new
ETRAE*trade Financial Corp	0.08%	119,765	$5M	added+4%	+0.01 pp	5 q
EMREmerson Electric Co.	0.08%	81,430	$5M	new	+0.08 pp	new
FIVEFive Below, Inc.	0.08%	42,954	$5M	new	+0.08 pp	new
BENFranklin Templeton, Inc.	0.08%	192,906	$6M	new	+0.08 pp	new
HDHome Depot, Inc.	0.08%	23,063	$5M	trimmed−37%	−0.03 pp	2 q
LPLALPL Financial Holdings Inc.	0.08%	67,934	$6M	trimmed−2%	0.00 pp	3 q
MSMorgan Stanley	0.08%	120,434	$5M	trimmed−6%	0.00 pp	6 q
OXYOccidental Petroleum Corporation	0.08%	121,114	$5M	new	+0.08 pp	new
LNWOLight & Wonder Inc	0.08%	260,791	$5M	added+10%	+0.01 pp	2 q
PRKSUnited Parks & Resorts Inc.	0.08%	202,944	$5M	added×3.4	+0.05 pp	8 q
SYFSynchrony Financial	0.08%	159,614	$5M	new	+0.08 pp	new
TSNTyson Foods, Inc.	0.08%	66,265	$6M	new	+0.08 pp	new
VOYAVoya Financial, Inc.	0.08%	100,433	$5M	new	+0.08 pp	new
WW6Willis Towers Watson Public Limited Company	0.08%	138,345	$5M	added×63.3	+0.08 pp	12 q
YELPYelp Inc.	0.08%	152,076	$5M	trimmed−17%	−0.01 pp	4 q
ADNTAdient plc	0.08%	222,334	$5M	new	+0.08 pp	new
WIXWIX.com Ltd.	0.08%	48,700	$6M	new	+0.08 pp	new
AMEDAmedisys Inc	0.07%	36,715	$5M	added×82.0	+0.07 pp	2 q
CORCencora, Inc.	0.07%	59,891	$5M	new	+0.07 pp	new
ADSKAutodesk Inc	0.07%	30,701	$5M	added×2.6	+0.04 pp	5 q
BHCBausch Health Companies Inc	0.07%	208,114	$5M	trimmed−24%	−0.03 pp	5 q
BERYBerry Global Group, Inc.	0.07%	117,741	$5M	added+5%	−0.02 pp	2 q
CIThe Cigna Group	0.07%	30,459	$5M	trimmed−12%	−0.01 pp	4 q
CITCIT Group Inc.	0.07%	108,767	$5M	added+14%	0.00 pp	6 q
CEOCNOOC Limited	0.07%	30,782	$5M	added+6%	0.00 pp	5 q
CDNSCadence Design Systems	0.07%	68,275	$5M	trimmed−13%	−0.01 pp	17 q
CNKCinemark Holdings, Inc.	0.07%	116,789	$5M	trimmed−49%	−0.05 pp	6 q
COSTCostco Wholesale Corp	0.07%	16,306	$5M	new	+0.07 pp	new
CACCCredit Acceptance Corp	0.07%	10,283	$5M	trimmed−2%	0.00 pp	9 q
DVADaVita Inc.	0.07%	86,308	$5M	new	+0.07 pp	new
DISCADiscovery, Inc. Series A	0.07%	183,254	$5M	trimmed−10%	−0.02 pp	2 q
EBAYeBay Inc	0.07%	116,666	$5M	trimmed−17%	−0.01 pp	16 q
EXPEExpedia Group, Inc.	0.07%	35,779	$5M	trimmed−14%	−0.01 pp	9 q
METAMeta Platforms, Inc. Class A	0.07%	25,019	$4M	trimmed−2%	0.00 pp	19 q
GSGoldman Sachs Group Inc.	0.07%	24,558	$5M	trimmed−14%	−0.01 pp	4 q
JKHYHenry (Jack) & Associates	0.07%	30,601	$4M	added+6%	+0.01 pp	2 q
IACIIac / Interactivecorp (De) Com Stk	0.07%	20,694	$5M	trimmed−25%	−0.02 pp	3 q
IRBTiRobot Corporation	0.07%	72,986	$5M	added×3.7	+0.04 pp	2 q
LOGMLogMein, Inc.	0.07%	70,796	$5M	trimmed−4%	−0.01 pp	2 q
MCKMcKesson Corporation	0.07%	37,343	$5M	new	+0.07 pp	new
MCHPMicrochip Technology Inc	0.07%	48,396	$4M	new	+0.07 pp	new
NAVINavient Corporation	0.07%	395,718	$5M	new	+0.07 pp	new
NTESNetEase, inc.	0.07%	18,175	$5M	trimmed−13%	−0.01 pp	4 q
unresolvedNew Oriental Ed & Tech Grp I	0.07%	40,347	$4M	trimmed−13%	+0.01 pp	10 q
OMFOneMain Holdings, Inc.	0.07%	136,649	$5M	trimmed−4%	0.00 pp	3 q
PBRPetroleo Brasileiro S.a.-petrobras	0.07%	342,193	$5M	trimmed−8%	−0.01 pp	6 q
QCOMQualcomm Inc	0.07%	60,502	$5M	trimmed−23%	−0.02 pp	2 q
SCSantander Consumer USA Holdings Inc	0.07%	178,409	$5M	trimmed−18%	−0.01 pp	7 q
SONYSony Group Corporation	0.07%	80,878	$5M	trimmed−21%	−0.01 pp	4 q
TEVATeva Pharmaceutical Industries Limited	0.07%	661,215	$5M	new	+0.07 pp	new
TRIPTripAdvisor, Inc.	0.07%	127,454	$5M	added+16%	0.00 pp	3 q
TRUETrueCar, Inc.	0.07%	1,340,172	$5M	new	+0.07 pp	new
UBERUber Technologies, Inc.	0.07%	150,071	$5M	held	—	2 q
VRSNVeriSign Inc	0.07%	25,449	$5M	new	+0.07 pp	new
VIABViacom Inc. Class B	0.07%	210,646	$5M	trimmed−6%	−0.03 pp	4 q
XLNXXilinx Inc	0.07%	50,102	$5M	trimmed−15%	−0.03 pp	2 q
ZBRAZebra Technologies Corporation	0.07%	22,619	$5M	new	+0.07 pp	new
ACTAllergan PLC	0.07%	28,646	$5M	trimmed−26%	−0.02 pp	3 q
NTBThe Bank of N.T. Butterfield & Son Limited	0.07%	163,141	$5M	added+32%	+0.01 pp	2 q
HZNPHorizon Therapeutics PLC	0.07%	167,623	$5M	trimmed−21%	0.00 pp	2 q
MLNXMellanox Technologies Ltd	0.07%	43,895	$5M	trimmed−15%	−0.01 pp	2 q
unresolvedFiat Chrysler Automobiles NV s	0.07%	347,990	$5M	trimmed−2%	0.00 pp	8 q
NXPINXP Semiconductors N.V.	0.07%	45,011	$5M	trimmed−19%	−0.01 pp	2 q
AAAlcoa Corporation	0.06%	195,154	$4M	added+4%	0.00 pp	3 q
ALGNAlign Technology Inc	0.06%	21,016	$4M	added+27%	−0.01 pp	2 q
HOMEAt Home Group Inc.	0.06%	392,163	$4M	new	+0.06 pp	new
BBYD20230930-DK-BUTTERFLY-1 Inc	0.06%	383,098	$4M	new	+0.06 pp	new
CLColgate-Palmolive Company	0.06%	51,602	$4M	added+17%	+0.01 pp	2 q
CTRPTrip.com Group Limited	0.06%	143,254	$4M	trimmed−5%	−0.02 pp	4 q
PLAYDave & Buster's Entertainment, Inc.	0.06%	111,579	$4M	new	+0.06 pp	new
WUBA58.COM Inc	0.06%	83,494	$4M	added+22%	0.00 pp	6 q
LXLexinFintech Holdings Ltd.	0.06%	432,544	$4M	added+44%	+0.01 pp	2 q
MTCHMatch Group, Inc	0.06%	58,325	$4M	new	+0.06 pp	new
MOMOHello Group Inc.	0.06%	121,332	$4M	trimmed−15%	−0.01 pp	2 q
NTAPNetApp, Inc	0.06%	72,287	$4M	added×2.9	+0.04 pp	2 q
BTUPeabody Energy Corporation	0.06%	255,891	$4M	added+9%	−0.02 pp	6 q
HTTHigh Templar Tech Limited	0.06%	572,018	$4M	new	+0.06 pp	new
SJMThe J.M. Smucker Company	0.06%	36,939	$4M	trimmed−46%	−0.05 pp	4 q
SYMCGen Digital Inc.	0.06%	166,991	$4M	trimmed−43%	−0.03 pp	2 q
TECKTeck Resources Limited	0.06%	270,306	$4M	added+5%	−0.03 pp	7 q
TXNTexas Instruments Incorporated	0.06%	32,391	$4M	trimmed−57%	−0.07 pp	7 q
unresolvedVeon Ltd	0.06%	1,777,506	$4M	new	+0.06 pp	new
WHWyndham Hotels & Resorts, Inc.	0.06%	79,667	$4M	new	+0.06 pp	new
MIMEMimecast Ltd	0.06%	111,340	$4M	new	+0.06 pp	new
CPRICapri Holdings Limited	0.06%	125,826	$4M	added+11%	0.00 pp	3 q
RIGTransocean LTD.	0.06%	985,320	$4M	added+62%	0.00 pp	7 q
ACHCAcadia Healthcare Company, Inc.	0.05%	109,928	$3M	new	+0.05 pp	new
BAXBaxter International Inc.	0.05%	40,524	$4M	trimmed−54%	−0.06 pp	5 q
CPBThe Campbell's Company	0.05%	75,376	$4M	new	+0.05 pp	new
EXTRExtreme Networks	0.05%	450,926	$3M	added×2.2	+0.03 pp	2 q
FLIRFLIR Systems, Inc. (DE)	0.05%	63,165	$3M	new	+0.05 pp	new
FEYEFireEye, Inc.	0.05%	262,428	$4M	added×2.5	+0.03 pp	2 q
HHyatt Hotels Corporation	0.05%	42,638	$3M	new	+0.05 pp	new
PHParker-Hannifin Corporation	0.05%	17,781	$3M	new	+0.05 pp	new
TGTTarget Corporation	0.05%	34,261	$4M	new	+0.05 pp	new
TMOThermo Fisher Scientific, Inc.	0.05%	12,086	$4M	new	+0.05 pp	new
GRMNGarmin Ltd	0.05%	42,073	$4M	added+1%	0.00 pp	2 q
LOGILogitech International SA	0.05%	88,229	$4M	trimmed−5%	0.00 pp	2 q
CSLTCastlight Health, Inc.	0.04%	1,815,514	$3M	held	—	23 q
CAGConagra Brands, Inc.	0.04%	80,174	$2M	new	+0.04 pp	new
IPInternational Paper Co.	0.04%	57,871	$2M	added×2.2	+0.02 pp	2 q
MZTIThe Marzetti Company	0.04%	17,549	$2M	added+17%	+0.01 pp	2 q
THCTenet Healthcare Corporation New	0.04%	110,571	$2M	new	+0.04 pp	new
WINGWingstop Inc	0.04%	30,388	$3M	trimmed−82%	−0.19 pp	5 q
AALAmerican Airlines Group Inc.	0.03%	74,022	$2M	new	+0.03 pp	new
BKEThe Buckle, Inc.	0.03%	115,445	$2M	new	+0.03 pp	new
GCOGenesco Inc.	0.03%	55,005	$2M	new	+0.03 pp	new
HCAHCA Healthcare, Inc.	0.03%	19,737	$2M	new	+0.03 pp	new
JBLUJetBlue Airways Corp	0.03%	103,051	$2M	trimmed−86%	−0.17 pp	5 q
KMBKimberly-Clark Corp.	0.03%	13,002	$2M	added×3.7	+0.02 pp	3 q
MFCManulife Financial Corp.	0.03%	98,489	$2M	trimmed−12%	0.00 pp	2 q
NUENucor Corporation	0.03%	37,606	$2M	trimmed−66%	−0.06 pp	3 q
RRGBRed Robin Gourmet Burgers Inc	0.03%	57,242	$2M	added+28%	+0.01 pp	2 q
MMM3M Company	0.03%	12,772	$2M	new	+0.03 pp	new
TTCToro Company (The)	0.03%	32,159	$2M	trimmed−64%	−0.06 pp	4 q
UALUnited Airlines Holdings, Inc.	0.03%	24,713	$2M	added+19%	0.00 pp	5 q
UHSUniversal Health Services, Inc. Class B	0.03%	11,663	$2M	new	+0.03 pp	new
AIYActivision Blizzard Inc	0.02%	26,224	$1M	new	+0.02 pp	new
ATIATI Inc.	0.02%	51,819	$1M	new	+0.02 pp	new
DCHDauch Corporation	0.02%	147,714	$1M	added×99.1	+0.02 pp	2 q
BIIBBiogen Inc.	0.02%	4,919	$1M	new	+0.02 pp	new
CDKCDK Global, Inc.	0.02%	26,062	$1M	trimmed−48%	−0.02 pp	2 q
unresolvedCooper Cos Inc/The	0.02%	3,644	$1M	new	+0.02 pp	new
CXTCrane NXT, Co.	0.02%	13,497	$1M	new	+0.02 pp	new
CWCurtiss-Wright Corp.	0.02%	9,206	$1M	new	+0.02 pp	new
EHCEncompass Health Corporation	0.02%	19,841	$1M	new	+0.02 pp	new
FTCHQFarfetch Limited A	0.02%	184,099	$2M	new	+0.02 pp	new
FISFidelity National Information Services, Inc.	0.02%	8,459	$1M	new	+0.02 pp	new
FCXFreeport-McMoran Inc.	0.02%	139,242	$1M	new	+0.02 pp	new
unresolvedGeneral Electric Co	0.02%	139,971	$1M	new	+0.02 pp	new
GILDGilead Sciences Inc	0.02%	16,160	$1M	new	+0.02 pp	new
KSUKansas City Southern	0.02%	9,802	$1M	new	+0.02 pp	new
99803EURLaboratory Crp Of Amer Hldgs	0.02%	7,806	$1M	new	+0.02 pp	new
MSMMSC Industrial Direct Co., Inc. Class A	0.02%	14,680	$1M	new	+0.02 pp	new
MXIMMaxim Integrated Products	0.02%	19,315	$1M	new	+0.02 pp	new
MRKMerck & Co., Inc.	0.02%	14,928	$1M	new	+0.02 pp	new
MIDDMiddleby Corp	0.02%	11,113	$1M	new	+0.02 pp	new
MPWRMonolithic Power Systems, Inc.	0.02%	7,451	$1M	new	+0.02 pp	new
MNROMonro, Inc.	0.02%	17,404	$1M	trimmed−88%	−0.16 pp	6 q
NTGRNETGEAR, Inc.	0.02%	48,718	$2M	added×2.8	+0.01 pp	2 q
OMCOmnicom Group Inc.	0.02%	13,740	$1M	new	+0.02 pp	new
PZZAPapa John's International Inc	0.02%	24,329	$1M	trimmed−89%	−0.12 pp	4 q
RSReliance, Inc.	0.02%	12,144	$1M	new	+0.02 pp	new
SGENSeagen Inc.	0.02%	14,462	$1M	new	+0.02 pp	new
SHOEShoe Station Group, Inc.	0.02%	31,546	$1M	new	+0.02 pp	new
TSLATesla, Inc.	0.02%	6,815	$2M	new	+0.02 pp	new
THOThor Industries, Inc.	0.02%	24,639	$1M	new	+0.02 pp	new
TBCHTurtle Beach Corporation	0.02%	105,490	$1M	new	+0.02 pp	new
UNPUnion Pacific Corp.	0.02%	7,107	$1M	new	+0.02 pp	new
VRSKVerisk Analytics, Inc.	0.02%	7,371	$1M	new	+0.02 pp	new
WBAWalgreens Boots Alliance, Inc	0.02%	25,383	$1M	new	+0.02 pp	new
WMWaste Management, Inc.	0.02%	11,239	$1M	new	+0.02 pp	new
WDAYWorkday, Inc. Class A	0.02%	6,335	$1M	new	+0.02 pp	new
ZTSZoetis Inc.	0.02%	8,827	$1M	trimmed−88%	−0.10 pp	2 q
AXTAAxalta Coating Systems Ltd.	0.02%	36,027	$1M	new	+0.02 pp	new
AJRDAerojet Rocketdyne Holdings, Inc.	0.01%	17,350	$876,000	new	+0.01 pp	new
AMGNAmgen Inc	0.01%	4,862	$941,000	new	+0.01 pp	new
ABGAsbury Automotive Group, Inc.	0.01%	6,331	$648,000	new	+0.01 pp	new
ANAutoNation, Inc.	0.01%	11,163	$566,000	new	+0.01 pp	new
CARAvis Budget Group, Inc.	0.01%	17,123	$484,000	trimmed−5%	0.00 pp	4 q
AVGOBroadcom Inc.	0.01%	3,191	$881,000	trimmed−75%	−0.04 pp	3 q
CHSChicos FAS, Inc.	0.01%	225,294	$908,000	new	+0.01 pp	new
CLGXCorelogic, Inc.	0.01%	18,690	$865,000	new	+0.01 pp	new
GLWCorning Incorporated	0.01%	34,176	$975,000	trimmed−80%	−0.07 pp	5 q
BOOMDMC Global Inc.	0.01%	19,293	$849,000	new	+0.01 pp	new
DECKDeckers Outdoor Corp	0.01%	4,379	$645,000	trimmed−97%	−0.34 pp	3 q
DINDine Brands Global, Inc.	0.01%	10,449	$793,000	new	+0.01 pp	new
DYDycom Industries, Inc.	0.01%	17,275	$882,000	new	+0.01 pp	new
EAElectronic Arts Inc	0.01%	8,242	$806,000	new	+0.01 pp	new
ETSYEtsy, Inc.	0.01%	10,208	$577,000	trimmed−88%	−0.07 pp	2 q
EXKExact Sciences Corp	0.01%	10,060	$909,000	new	+0.01 pp	new
EXELExelixis Inc	0.01%	53,298	$943,000	new	+0.01 pp	new
GPNGlobal Payments, Inc.	0.01%	6,374	$1M	new	+0.01 pp	new
GRPNGroupon, Inc.	0.01%	233,136	$620,000	trimmed−80%	−0.05 pp	3 q
HONHoneywell International, Inc.	0.01%	5,672	$960,000	trimmed−47%	−0.02 pp	2 q
HBMHudbay Minerals Inc.	0.01%	259,738	$937,000	trimmed−9%	−0.01 pp	2 q
IEXIDEX Corporation	0.01%	6,170	$1M	new	+0.01 pp	new
INCYIncyte Genomics Inc	0.01%	10,875	$807,000	new	+0.01 pp	new
LVSLas Vegas Sands Corp.	0.01%	14,979	$865,000	trimmed−99%	−0.94 pp	4 q
SHOOSteven Madden Ltd	0.01%	15,130	$542,000	trimmed−64%	−0.01 pp	4 q
MASMasco Corporation	0.01%	24,092	$1M	new	+0.01 pp	new
MKCMcCormick & Company, Incorporated Non-VTG CS	0.01%	5,343	$835,000	trimmed−85%	−0.07 pp	2 q
MRCYMercury Systems Inc.	0.01%	9,061	$735,000	new	+0.01 pp	new
MUMicron Technology, Inc.	0.01%	8,032	$344,000	trimmed−36%	0.00 pp	6 q
PRLBProto Labs, Inc.	0.01%	8,821	$901,000	new	+0.01 pp	new
QEPQep Resources, Inc.	0.01%	245,222	$907,000	new	+0.01 pp	new
ROPRoper Technologies, Inc.	0.01%	2,441	$870,000	new	+0.01 pp	new
ROSTRoss Stores Inc	0.01%	6,574	$722,000	trimmed−87%	−0.06 pp	2 q
SABRSabre Corporation	0.01%	43,270	$969,000	new	+0.01 pp	new
SMGThe Scotts Miracle-Gro Company	0.01%	5,009	$510,000	trimmed−92%	−0.08 pp	4 q
NOWServicenow, Inc.	0.01%	3,245	$824,000	new	+0.01 pp	new
SBGISinclair, Inc. Class A	0.01%	22,491	$961,000	trimmed−80%	−0.08 pp	2 q
STMPStamps.com, Inc.	0.01%	12,452	$927,000	new	+0.01 pp	new
TTWOTake-Two Interactive Software Inc	0.01%	7,302	$915,000	new	+0.01 pp	new
TECDTech Data Corp	0.01%	8,855	$923,000	new	+0.01 pp	new
TFXTeleflex Incorporated	0.01%	2,694	$915,000	new	+0.01 pp	new
TRUTransUnion	0.01%	11,095	$900,000	new	+0.01 pp	new
TRMBTrimble Inc.	0.01%	26,022	$1M	new	+0.01 pp	new
TWTRTwitter, Inc.	0.01%	21,611	$890,000	trimmed−88%	−0.08 pp	4 q
UTHRUnited Therapeutics Corp	0.01%	12,762	$1M	new	+0.01 pp	new
URBNUrban Outfitters Inc	0.01%	27,838	$782,000	trimmed−76%	−0.03 pp	2 q
VRNSVaronis Systems, Inc.	0.01%	15,497	$926,000	new	+0.01 pp	new
VSATViasat Inc	0.01%	10,244	$772,000	new	+0.01 pp	new
VVISA Inc.	0.01%	5,509	$948,000	trimmed−82%	−0.07 pp	10 q
WCCWesco International Inc.	0.01%	18,596	$888,000	new	+0.01 pp	new
ACCOAcco Brands Corporation	0.00%	33,244	$328,000	new	0.00 pp	new
GU9Guess? Inc	0.00%	199	$4,000	trimmed−100%	−0.09 pp	7 q
PINSPinterest, Inc. Class A	0.00%	9,438	$250,000	held	—	2 q
ROKURoku, Inc. Class A	0.00%	911	$93,000	new	0.00 pp	new
WORKSlack Technologies, Inc.	0.00%	12,300	$292,000	held	—	2 q
SNBRQSleep Number Corp	0.00%	6,473	$267,000	trimmed−88%	−0.03 pp	3 q
CTVACorteva, Inc.	—	−3,310,296	—	exited	−1.42 pp	—
IAA-WUSDIaa Inc	—	−2,040,335	—	exited	−1.15 pp	—
NKENike, Inc.	—	−765,739	—	exited	−0.93 pp	—
EXPEagle Materials, Inc.	—	−410,262	—	exited	−0.55 pp	—
SNPSSynopsys Inc	—	−276,299	—	exited	−0.52 pp	—
WYNNWynn Resorts Ltd	—	−275,777	—	exited	−0.50 pp	—
DALDelta Air Lines, Inc.	—	−307,690	—	exited	−0.25 pp	—
JACKJack in the Box Inc.	—	−204,390	—	exited	−0.24 pp	—
VFCV.F. Corporation	—	−190,300	—	exited	−0.24 pp	—
DRIDarden Restaurants, Inc.	—	−129,120	—	exited	−0.23 pp	—
MMacy's Inc.	—	−752,610	—	exited	−0.23 pp	—
LITELumentum Holdings Inc.	—	−281,158	—	exited	−0.22 pp	—
TXRHTexas Roadhouse, Inc.	—	−268,496	—	exited	−0.21 pp	—
CAKECheesecake Factory (The)	—	−318,070	—	exited	−0.20 pp	—
ADMArcher Daniels Midland Company	—	−285,960	—	exited	−0.17 pp	—
GTGoodyear Tire & Rubber	—	−788,590	—	exited	−0.17 pp	—
MTBM&T Bank Corp.	—	−70,810	—	exited	−0.17 pp	—
TDToronto Dominion Bank	—	−200,360	—	exited	−0.17 pp	—
HAEHaemonetics Corporation	—	−89,560	—	exited	−0.16 pp	—
SNASnap-on Incorporated	—	−60,730	—	exited	−0.15 pp	—
HASHasbro, Inc.	—	−75,130	—	exited	−0.12 pp	—
OZKBank OZK	—	−263,690	—	exited	−0.11 pp	—
CTXSCitrix Systems Inc	—	−80,260	—	exited	−0.11 pp	—
unresolvedL3 Technologies Inc	—	−31,020	—	exited	−0.11 pp	—
BTGB2Gold Corp.	—	−2,361,440	—	exited	−0.10 pp	—
FASTFastenal Co	—	−205,720	—	exited	−0.10 pp	—
UAAUnder Armour, Inc.	—	−277,630	—	exited	−0.10 pp	—
BBYBest Buy Company, Inc.	—	−91,990	—	exited	−0.09 pp	—
BURLBurlington Stores, Inc.	—	−37,240	—	exited	−0.09 pp	—
GNWGenworth Financial, Inc.	—	−1,608,910	—	exited	−0.09 pp	—
LEXEALiberty Expedia Holdings, Inc. Class A	—	−130,650	—	exited	−0.09 pp	—
TPRTapestry, Inc.	—	−185,420	—	exited	−0.09 pp	—
UNUnilever N V -ny Shares	—	−99,130	—	exited	−0.09 pp	—
HCCWarrior Met Coal, Inc.	—	−234,220	—	exited	−0.09 pp	—
WWEWorld Wrestling Entertainment	—	−84,160	—	exited	−0.09 pp	—
AVYAAvaya Holdings Corp.	—	−441,230	—	exited	−0.08 pp	—
XOGExtraction Oil & Gas Inc	—	−1,329,860	—	exited	−0.08 pp	—
FBCFlagstar Bancorp, Inc. New	—	−167,900	—	exited	−0.08 pp	—
HUNHuntsman Corporation	—	−277,770	—	exited	−0.08 pp	—
MERCMercer International Inc	—	−340,130	—	exited	−0.08 pp	—
MTHMeritage Homes Corporation	—	−111,821	—	exited	−0.08 pp	—
MOHMolina Healthcare, Inc.	—	−40,560	—	exited	−0.08 pp	—
TAPMolson Coors Beverage Company Class B	—	−102,090	—	exited	−0.08 pp	—
NTRSNorthern Trust Corp	—	−61,730	—	exited	−0.08 pp	—
TSMTaiwan Semiconductor Manufacturing Company Ltd.	—	−136,970	—	exited	−0.08 pp	—
ETDEthan Allen Interiors Inc	—	−215,845	—	exited	−0.07 pp	—
VMWVMware, Inc	—	−28,350	—	exited	−0.07 pp	—
unresolvedBrightsphere Investmnt Grp P	—	−414,540	—	exited	−0.07 pp	—
LIVNLivaNova PLC	—	−71,240	—	exited	−0.07 pp	—
PRGOPerrigo Company PLC	—	−94,610	—	exited	−0.07 pp	—
GTNGray Media, Inc.	—	−252,690	—	exited	−0.06 pp	—
MDSOMedidata Solutions, Inc.	—	−45,550	—	exited	−0.06 pp	—
WSMWilliams-Sonoma, Inc.	—	−67,370	—	exited	−0.06 pp	—
ZBHZimmer Biomet Holdings, Inc.	—	−37,220	—	exited	−0.06 pp	—
SINASina Corp	—	−98,840	—	exited	−0.06 pp	—
BGSB&G Foods, Inc.	—	−158,590	—	exited	−0.05 pp	—
BYDBoyd Gaming Corporation	—	−129,000	—	exited	−0.05 pp	—
CERNCerner Corp	—	−47,800	—	exited	−0.05 pp	—
HSYThe Hershey Company	—	−27,910	—	exited	−0.05 pp	—
KHCThe Kraft Heinz Company	—	−121,900	—	exited	−0.05 pp	—
OSKOshkosh Corp.	—	−42,160	—	exited	−0.05 pp	—
STLDSteel Dynamics Inc	—	−116,720	—	exited	−0.05 pp	—
MNKMallinckrodt PLC	—	−384,810	—	exited	−0.05 pp	—
BXBlackstone Inc.	—	−56,750	—	exited	−0.04 pp	—
CSCOCisco Systems, Inc. (DE)	—	−44,860	—	exited	−0.04 pp	—
NUSNuSkin Enterprises, Inc.	—	−61,250	—	exited	−0.04 pp	—
PIIPolaris Inc.	—	−27,740	—	exited	−0.04 pp	—
YUMYum! Brands, Inc.	—	−23,880	—	exited	−0.04 pp	—
ETNEaton Corporation, plc	—	−34,990	—	exited	−0.04 pp	—
ENDPQEndo International PLC	—	−748,640	—	exited	−0.04 pp	—
unresolvedIngersoll-Rand Plc	—	−22,480	—	exited	−0.04 pp	—
unresolvedAmc Entmt Hldgs Inc	—	−235,890	—	exited	−0.03 pp	—
AZOAutoZone, Inc.	—	−1,850	—	exited	−0.03 pp	—
CHDChurch & Dwight Co., Inc.	—	−23,780	—	exited	−0.03 pp	—
HB6Hibbett Inc	—	−94,900	—	exited	−0.03 pp	—
IBMInternational Business Machines Corporation	—	−14,880	—	exited	−0.03 pp	—
LMTLockheed Martin Corp.	—	−5,390	—	exited	−0.03 pp	—
TJXTJX Companies, Inc. (The)	—	−33,360	—	exited	−0.03 pp	—
USFDUS Foods Holding Corp.	—	−60,520	—	exited	−0.03 pp	—
WMTWalmart Inc.	—	−19,760	—	exited	−0.03 pp	—
CLXClorox Company	—	−10,730	—	exited	−0.02 pp	—
UFSDOMTAR CORPORATION (New)	—	−24,300	—	exited	−0.02 pp	—
JBLJabil Inc.	—	−46,530	—	exited	−0.02 pp	—
MIKMichaels Stores, Inc	—	−126,750	—	exited	−0.02 pp	—
DELLDell Technologies Inc.	—	−15,070	—	exited	−0.01 pp	—
JJSFJ&J Snack Foods Corp	—	−5,190	—	exited	−0.01 pp	—
KRThe Kroger Co.	—	−42,210	—	exited	−0.01 pp	—
NIONIO Inc.	—	−158,310	—	exited	−0.01 pp	—
SHAKShake Shack Inc.	—	−12,340	—	exited	−0.01 pp	—
DGDollar General Corp.	—	−529	—	exited	0.00 pp	—
EMNEastman Chemical Company	—	−2,020	—	exited	0.00 pp	—
VIPSVipshop Holdings Limited	—	−18,320	—	exited	0.00 pp	—
ALLEAllegion Public Limited Company	—	−3,000	—	exited	0.00 pp	—