Maverick Capital

Q4 2019 13F · by Lee Ainslie, founder

As of: Dec 31, 2019
Filed: Feb 14, 2020
US stock: $6.9B · prev $6.8B
Positions: 337 · prev 333
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%

Moves440 since the prior filing

+29.4 pp in · −29.4 pp out

New 110 +14.97 pp
Added 100 +14.46 pp
Trimmed 124 −18.49 pp
Exited 106 −10.94 pp

The book

Focused · behaves like 34 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 113% a year, about 0.9 years per position

Low
Moderate
High

Top 5 positions28% of US stock

DD DuPont de Nemours, Inc. added+0.57 pp added+0.576.7%
GOOG Alphabet Inc. Class C trimmed−0.51 pp trimmed−0.516.0%
BABA Alibaba Group Holding Limited trimmed+0.74 pp trimmed+0.745.9%
MNST Monster Beverage Corporation added+2.37 pp added+2.375.0%
DXC DXC Technology Company trimmed+0.17 pp trimmed+0.174.9%

Positions337 in this filing · 106 exited


DDDuPont de Nemours, Inc.	6.67%	7,142,842	$459M	added+23%	+0.57 pp	3 q
GOOGAlphabet Inc. Class C	6.01%	309,082	$413M	trimmed−15%	−0.51 pp	21 q
BABAAlibaba Group Holding Limited	5.91%	1,914,349	$406M	trimmed−9%	+0.74 pp	10 q
MNSTMonster Beverage Corporation	4.98%	5,383,179	$342M	added+76%	+2.37 pp	6 q
DXCDXC Technology Company	4.92%	8,991,796	$338M	trimmed−18%	+0.17 pp	11 q
VISNVistance Networks, Inc.	3.99%	19,326,308	$274M	added+1%	+0.67 pp	7 q
ALNYAlnylam Pharmaceuticals, Inc.	3.79%	2,260,897	$260M	trimmed−30%	−0.02 pp	7 q
NFLXNetFlix Inc	3.79%	804,574	$260M	added+54%	+1.73 pp	3 q
TMUST-Mobile US, Inc.	3.02%	2,643,912	$207M	trimmed−29%	−1.28 pp	10 q
CCKCrown Holdings Inc.	2.99%	2,830,353	$205M	new	+2.99 pp	new
CNCCentene Corporation	2.90%	3,163,851	$199M	trimmed−56%	−1.71 pp	8 q
MDCOMedicines Co	2.69%	2,176,487	$185M	trimmed−44%	−0.16 pp	8 q
HUMHumana Inc.	2.48%	465,779	$171M	trimmed−46%	−0.75 pp	4 q
STNEStoneCo Ltd. Class A	2.46%	4,241,070	$169M	added+73%	+1.21 pp	3 q
FLTCorpay, Inc.	2.37%	565,729	$163M	added×4.5	+1.84 pp	2 q
WLKWestlake Corporation	2.36%	2,312,723	$162M	trimmed−29%	−0.78 pp	3 q
LOWLowe's Companies Inc.	2.15%	1,232,060	$148M	added+9%	+0.33 pp	11 q
PRSPPerspecta Inc	2.07%	5,376,510	$142M	trimmed−21%	−0.54 pp	7 q
BTIBritish American Tobacco p.l.c.	1.51%	2,444,145	$104M	added0%	+0.19 pp	9 q
MSFTMicrosoft Corp	1.41%	613,309	$97M	trimmed−53%	−1.27 pp	10 q
ATRAGBXAtara Biotherapeutics Inc	1.19%	4,958,431	$82M	trimmed−3%	+0.13 pp	4 q
NKTRNektar Therapeutics	1.02%	3,241,234	$70M	new	+1.02 pp	new
DLTRDollar Tree Inc.	1.00%	727,300	$68M	new	+1.00 pp	new
XPXP Inc. Class A	0.97%	1,728,206	$67M	new	+0.97 pp	new
AVTRAvantor, Inc.	0.96%	3,644,368	$66M	new	+0.96 pp	new
INTCIntel Corp	0.94%	1,076,938	$64M	added×9.3	+0.85 pp	2 q
AGCOAGCO Corporation	0.88%	783,615	$61M	added+19%	+0.15 pp	2 q
ADBEAdobe Inc.	0.86%	178,534	$59M	added×5.1	+0.72 pp	26 q
FTDRFrontdoor, Inc.	0.64%	932,500	$44M	new	+0.64 pp	new
SYNASynaptics Inc	0.58%	606,942	$40M	new	+0.58 pp	new
WDCWestern Digital Corp.	0.57%	621,043	$39M	new	+0.57 pp	new
HHyatt Hotels Corporation	0.55%	423,164	$38M	added×9.9	+0.50 pp	2 q
KKRKKR & Co. Inc.	0.49%	1,158,156	$34M	trimmed−44%	−0.32 pp	6 q
unresolvedGrubhub Inc	0.47%	669,176	$33M	new	+0.47 pp	new
QSRRestaurant Brands International Inc.	0.42%	449,634	$29M	trimmed−3%	−0.06 pp	2 q
COSTCostco Wholesale Corp	0.37%	86,244	$25M	added×5.3	+0.30 pp	2 q
WSMWilliams-Sonoma, Inc.	0.33%	305,507	$22M	new	+0.33 pp	new
CARAvis Budget Group, Inc.	0.29%	619,340	$20M	added×36.2	+0.28 pp	5 q
CMGChipotle Mexican Grill, Inc.	0.27%	21,945	$18M	new	+0.27 pp	new
FTNTFortinet, Inc.	0.26%	169,563	$18M	trimmed−27%	0.00 pp	3 q
AAPLApple Inc.	0.22%	52,323	$15M	trimmed−16%	+0.02 pp	5 q
CHGGChegg, Inc.	0.22%	399,120	$15M	new	+0.22 pp	new
NKENike, Inc.	0.22%	148,814	$15M	new	+0.22 pp	new
PZZAPapa John's International Inc	0.21%	229,467	$14M	added×9.4	+0.19 pp	5 q
TAKTakeda Pharmaceutical Company Limited	0.21%	716,145	$14M	trimmed−6%	+0.02 pp	5 q
DEODiageo plc	0.20%	82,209	$14M	added×2.6	+0.12 pp	5 q
PANWPalo Alto Networks, Inc.	0.20%	60,389	$14M	added+1%	+0.02 pp	3 q
SAMBoston Beer Company	0.19%	35,408	$13M	added+6%	+0.01 pp	5 q
DALDelta Air Lines, Inc.	0.19%	227,840	$13M	new	+0.19 pp	new
GISGeneral Mills, Inc.	0.19%	240,440	$13M	trimmed−24%	−0.07 pp	2 q
KSSKohls Corporation	0.19%	253,361	$13M	trimmed−45%	−0.15 pp	4 q
MKCMcCormick & Company, Incorporated Non-VTG CS	0.19%	78,634	$13M	added×14.7	+0.18 pp	3 q
POSTPost Holdings, Inc.	0.19%	118,717	$13M	new	+0.19 pp	new
SNBRQSleep Number Corp	0.19%	268,918	$13M	added×41.5	+0.19 pp	4 q
OXMOxford Industries, Inc.	0.18%	164,548	$12M	added+1%	+0.01 pp	4 q
WIXWIX.com Ltd.	0.18%	102,349	$13M	added×2.1	+0.10 pp	2 q
CROXCrocs, Inc.	0.16%	266,754	$11M	trimmed−34%	0.00 pp	2 q
FFord Motor Company	0.16%	1,192,862	$11M	added+17%	+0.02 pp	4 q
JNJJohnson & Johnson	0.16%	76,700	$11M	trimmed−12%	−0.01 pp	15 q
UIUbiquiti Inc.	0.16%	57,141	$11M	trimmed−35%	+0.01 pp	3 q
ABTAbbott Laboratories	0.15%	122,337	$11M	added+96%	+0.07 pp	2 q
JWNNordstrom, Inc.	0.15%	248,772	$10M	added+40%	+0.06 pp	2 q
ELFe.l.f. Beauty, Inc.	0.14%	579,391	$9M	trimmed−11%	−0.03 pp	3 q
MUSAMurphy USA Inc.	0.14%	82,012	$10M	added+20%	+0.05 pp	2 q
NTAPNetApp, Inc	0.14%	158,225	$10M	added×2.2	+0.08 pp	3 q
ORCLOracle Corp	0.14%	181,871	$10M	added+38%	+0.03 pp	3 q
HDHome Depot, Inc.	0.13%	41,416	$9M	added+80%	+0.05 pp	3 q
LBBath & Body Works, Inc.	0.13%	485,132	$9M	trimmed−7%	−0.02 pp	2 q
LULUlululemon athletica inc.	0.13%	37,481	$9M	trimmed−60%	−0.13 pp	8 q
LUVSouthwest Airlines Co.	0.13%	169,041	$9M	trimmed−16%	−0.03 pp	20 q
CPBThe Campbell's Company	0.12%	162,777	$8M	added×2.2	+0.07 pp	2 q
GAPThe Gap, Inc.	0.12%	473,709	$8M	new	+0.12 pp	new
SMGThe Scotts Miracle-Gro Company	0.12%	79,045	$8M	added×15.8	+0.11 pp	5 q
WHRWhirlpool Corp.	0.12%	55,665	$8M	added+39%	+0.03 pp	3 q
AMDAdvanced Micro Devices	0.11%	167,519	$8M	trimmed−39%	−0.01 pp	2 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.11%	419,956	$7M	added+10%	+0.05 pp	2 q
EATBrinker International, Inc.	0.11%	178,587	$8M	trimmed−19%	−0.03 pp	2 q
BMYBristol-Myers Squibb Co.	0.11%	115,253	$7M	trimmed−7%	+0.02 pp	4 q
HPQHP Inc.	0.11%	377,050	$8M	added+10%	+0.02 pp	3 q
INTUIntuit Inc	0.11%	28,812	$8M	new	+0.11 pp	new
LZBLa-Z-Boy Incorporated	0.11%	233,616	$7M	added+32%	+0.02 pp	4 q
LRCXLam Research Corp	0.11%	26,422	$8M	trimmed−5%	+0.02 pp	16 q
SHWThe Sherwin-Williams Company	0.11%	13,111	$8M	trimmed−32%	−0.05 pp	4 q
SIX1Six Flags Entertainment Corp.	0.11%	161,583	$7M	new	+0.11 pp	new
XYLXylem Inc	0.11%	98,410	$8M	added+26%	+0.02 pp	2 q
LOGILogitech International SA	0.11%	157,048	$7M	added+78%	+0.06 pp	3 q
CORCencora, Inc.	0.10%	77,294	$7M	added+29%	+0.03 pp	2 q
BWABorgWarner Inc.	0.10%	158,896	$7M	new	+0.10 pp	new
ORLYO'Reilly Automotive, Inc.	0.10%	14,923	$7M	trimmed−2%	+0.01 pp	8 q
QRVOQorvo, Inc.	0.10%	61,298	$7M	trimmed−23%	+0.01 pp	6 q
TTWOTake-Two Interactive Software Inc	0.10%	53,946	$7M	added×7.4	+0.09 pp	2 q
ZUMZZumiez Inc.	0.10%	190,667	$7M	trimmed−63%	−0.14 pp	4 q
ARAntero Resources Corporation	0.09%	2,092,135	$6M	new	+0.09 pp	new
RSReliance, Inc.	0.09%	50,816	$6M	added×4.2	+0.07 pp	2 q
WINGWingstop Inc	0.09%	73,585	$6M	added×2.4	+0.05 pp	6 q
ZBRAZebra Technologies Corporation	0.09%	23,483	$6M	added+4%	+0.02 pp	2 q
HELEHelen Of Troy Ltd	0.09%	33,555	$6M	new	+0.09 pp	new
ALGNAlign Technology Inc	0.08%	20,162	$6M	trimmed−4%	+0.02 pp	3 q
AKXAnsys Inc	0.08%	21,363	$5M	trimmed−28%	−0.02 pp	3 q
CRICarter's Inc.	0.08%	52,469	$6M	new	+0.08 pp	new
CTASCintas Corp	0.08%	21,276	$6M	trimmed−6%	−0.01 pp	2 q
KOCoca-Cola Company	0.08%	102,871	$6M	new	+0.08 pp	new
DVNDevon Energy Corporation	0.08%	204,646	$5M	trimmed−9%	0.00 pp	2 q
FTCHQFarfetch Limited A	0.08%	530,718	$5M	added×2.9	+0.06 pp	2 q
FEYEFireEye, Inc.	0.08%	344,356	$6M	added+31%	+0.03 pp	3 q
HONHoneywell International, Inc.	0.08%	29,311	$5M	added×5.2	+0.07 pp	3 q
PVHPVH Corp.	0.08%	49,909	$5M	new	+0.08 pp	new
UHSUniversal Health Services, Inc. Class B	0.08%	36,203	$5M	added×3.1	+0.05 pp	2 q
ACIAAcacia Communications, Inc.	0.07%	68,389	$5M	trimmed−14%	−0.01 pp	2 q
ALKAlaska Air Group, Inc.	0.07%	66,873	$5M	trimmed−23%	−0.01 pp	4 q
BFHBread Financial Holdings, Inc.	0.07%	42,342	$5M	new	+0.07 pp	new
AMPAmeriprise Financial, Inc.	0.07%	27,171	$5M	trimmed−27%	−0.01 pp	3 q
BKNGBooking Holdings Inc.	0.07%	2,397	$5M	trimmed−96%	−1.86 pp	8 q
AAMIAcadian Asset Management Inc.	0.07%	467,203	$5M	new	+0.07 pp	new
CFCF Industries Holding, Inc.	0.07%	99,039	$5M	trimmed−25%	−0.02 pp	5 q
CEOCNOOC Limited	0.07%	28,576	$5M	trimmed−7%	0.00 pp	6 q
COFCapital One Financial	0.07%	44,917	$5M	trimmed−21%	−0.01 pp	3 q
CHDNChurchill Downs Inc	0.07%	36,584	$5M	trimmed−22%	−0.01 pp	7 q
STZConstellation Brands, Inc.	0.07%	24,172	$5M	trimmed−43%	−0.06 pp	6 q
DVADaVita Inc.	0.07%	62,106	$5M	trimmed−28%	0.00 pp	2 q
DISCADiscovery, Inc. Series A	0.07%	137,914	$5M	trimmed−25%	0.00 pp	3 q
ETRAE*trade Financial Corp	0.07%	101,610	$5M	trimmed−15%	−0.01 pp	6 q
GDGeneral Dynamics Corporation	0.07%	28,880	$5M	new	+0.07 pp	new
TWNKHostess Brands, Inc. Class A	0.07%	348,071	$5M	trimmed−60%	−0.11 pp	4 q
HUNHuntsman Corporation	0.07%	198,270	$5M	new	+0.07 pp	new
IPInternational Paper Co.	0.07%	100,494	$5M	added+74%	+0.03 pp	3 q
OPLNOPENLANE, Inc	0.07%	218,762	$5M	trimmed−96%	−1.98 pp	3 q
LKQLKQ Corporation	0.07%	128,977	$5M	new	+0.07 pp	new
LPLALPL Financial Holdings Inc.	0.07%	49,148	$5M	trimmed−28%	−0.01 pp	4 q
MZTIThe Marzetti Company	0.07%	30,303	$5M	added+73%	+0.03 pp	3 q
LOGMLogMein, Inc.	0.07%	53,635	$5M	trimmed−24%	0.00 pp	3 q
MEETThe Meet Group, Inc.	0.07%	943,820	$5M	new	+0.07 pp	new
MSMorgan Stanley	0.07%	91,126	$5M	trimmed−24%	−0.01 pp	7 q
unresolvedNational Gen Hldgs Corp	0.07%	217,469	$5M	new	+0.07 pp	new
PCRXPacira BioSciences, Inc.	0.07%	101,219	$5M	trimmed−41%	−0.03 pp	2 q
PBRPetroleo Brasileiro S.a.-petrobras	0.07%	283,528	$5M	trimmed−17%	0.00 pp	7 q
AGSPlayAGS, Inc.	0.07%	403,757	$5M	new	+0.07 pp	new
UPBDUpbound Group, Inc.	0.07%	161,744	$5M	new	+0.07 pp	new
SLMSLM Corporation	0.07%	537,261	$5M	new	+0.07 pp	new
TSGIStars Group INC/THE	0.07%	172,762	$5M	new	+0.07 pp	new
SYYSysco Corporation	0.07%	58,026	$5M	new	+0.07 pp	new
TECKTeck Resources Limited	0.07%	265,078	$5M	trimmed−2%	+0.01 pp	8 q
TEVATeva Pharmaceutical Industries Limited	0.07%	461,715	$5M	trimmed−30%	0.00 pp	2 q
TRIPTripAdvisor, Inc.	0.07%	156,939	$5M	added+23%	0.00 pp	4 q
VRSNVeriSign Inc	0.07%	24,028	$5M	trimmed−6%	0.00 pp	2 q
PARAParamount Global-class B	0.07%	114,079	$5M	new	+0.07 pp	new
VOYAVoya Financial, Inc.	0.07%	77,103	$5M	trimmed−23%	−0.01 pp	2 q
HCCWarrior Met Coal, Inc.	0.07%	224,019	$5M	new	+0.07 pp	new
WHWyndham Hotels & Resorts, Inc.	0.07%	78,554	$5M	trimmed−1%	+0.01 pp	2 q
HZNPHorizon Therapeutics PLC	0.07%	127,436	$5M	trimmed−24%	0.00 pp	3 q
GLNGGolar LNG Ltd	0.07%	318,526	$5M	new	+0.07 pp	new
IIntelsat SA	0.07%	676,060	$5M	new	+0.07 pp	new
NXPINXP Semiconductors N.V.	0.07%	35,999	$5M	trimmed−20%	0.00 pp	3 q
BHCBausch Health Companies Inc	0.06%	144,798	$4M	trimmed−30%	−0.01 pp	6 q
BRFSNBrf Sa-adr	0.06%	490,322	$4M	new	+0.06 pp	new
BKEThe Buckle, Inc.	0.06%	163,935	$4M	added+42%	+0.03 pp	2 q
CITCIT Group Inc.	0.06%	91,020	$4M	trimmed−16%	−0.01 pp	7 q
CDNSCadence Design Systems	0.06%	59,219	$4M	trimmed−13%	−0.01 pp	18 q
CALCaleres Inc	0.06%	165,568	$4M	trimmed−31%	−0.02 pp	3 q
CTXSCitrix Systems Inc	0.06%	36,696	$4M	new	+0.06 pp	new
GLWCorning Incorporated	0.06%	139,995	$4M	added×4.1	+0.05 pp	6 q
CACCCredit Acceptance Corp	0.06%	9,652	$4M	trimmed−6%	−0.01 pp	10 q
EBAYeBay Inc	0.06%	117,435	$4M	added+1%	−0.01 pp	17 q
ECHOEchoStar Corporation	0.06%	99,248	$4M	new	+0.06 pp	new
ERICEricsson	0.06%	461,740	$4M	new	+0.06 pp	new
EXPEExpedia Group, Inc.	0.06%	40,879	$4M	added+14%	−0.01 pp	10 q
FLIRFLIR Systems, Inc. (DE)	0.06%	73,827	$4M	added+17%	+0.01 pp	2 q
METAMeta Platforms, Inc. Class A	0.06%	20,558	$4M	trimmed−18%	−0.01 pp	20 q
WUBA58.COM Inc	0.06%	66,905	$4M	trimmed−20%	0.00 pp	7 q
GDOTGreen Dot Corporation	0.06%	187,530	$4M	new	+0.06 pp	new
HN9Hanesbrands Inc	0.06%	286,816	$4M	trimmed−70%	−0.16 pp	5 q
HTZGQHertz Global Holdings Inc	0.06%	274,979	$4M	new	+0.06 pp	new
KTKT Corp.	0.06%	374,414	$4M	new	+0.06 pp	new
NAVINavient Corporation	0.06%	314,344	$4M	trimmed−21%	−0.01 pp	2 q
NTESNetEase, inc.	0.06%	13,229	$4M	trimmed−27%	−0.01 pp	5 q
unresolvedNew Oriental Ed & Tech Grp I	0.06%	34,292	$4M	trimmed−15%	−0.01 pp	11 q
OMFOneMain Holdings, Inc.	0.06%	103,799	$4M	trimmed−24%	−0.01 pp	4 q
BTUPeabody Energy Corporation	0.06%	432,580	$4M	added+69%	0.00 pp	7 q
QCOMQualcomm Inc	0.06%	49,915	$4M	trimmed−18%	−0.01 pp	3 q
HTTHigh Templar Tech Limited	0.06%	835,654	$4M	added+46%	0.00 pp	2 q
RBARB Global, Inc.	0.06%	97,279	$4M	new	+0.06 pp	new
RYAAYRyanair Holdings plc	0.06%	50,306	$4M	new	+0.06 pp	new
SVMKSVMK Inc.	0.06%	244,490	$4M	new	+0.06 pp	new
SCSantander Consumer USA Holdings Inc	0.06%	176,487	$4M	trimmed−1%	−0.01 pp	8 q
LNWOLight & Wonder Inc	0.06%	161,482	$4M	trimmed−38%	−0.02 pp	3 q
TPRTapestry, Inc.	0.06%	165,158	$4M	new	+0.06 pp	new
TXNTexas Instruments Incorporated	0.06%	30,726	$4M	trimmed−5%	0.00 pp	8 q
TTCToro Company (The)	0.06%	52,534	$4M	added+63%	+0.03 pp	5 q
TRUETrueCar, Inc.	0.06%	870,773	$4M	trimmed−35%	−0.01 pp	2 q
UBERUber Technologies, Inc.	0.06%	150,071	$4M	held	—	3 q
UALUnited Airlines Holdings, Inc.	0.06%	49,344	$4M	added+100%	+0.03 pp	6 q
unresolvedVeon Ltd	0.06%	1,583,689	$4M	trimmed−11%	0.00 pp	2 q
ACTAllergan PLC	0.06%	22,441	$4M	trimmed−22%	−0.01 pp	4 q
NTBThe Bank of N.T. Butterfield & Son Limited	0.06%	119,255	$4M	trimmed−27%	−0.01 pp	3 q
MIMEMimecast Ltd	0.06%	93,548	$4M	trimmed−16%	0.00 pp	2 q
MNKMallinckrodt PLC	0.06%	1,084,888	$4M	new	+0.06 pp	new
MLNXMellanox Technologies Ltd	0.06%	36,621	$4M	trimmed−17%	−0.01 pp	3 q
unresolvedFiat Chrysler Automobiles NV s	0.06%	280,885	$4M	trimmed−19%	−0.01 pp	9 q
CBRLCracker Barrel Old Country Store, Inc,.	0.05%	21,193	$3M	new	+0.05 pp	new
HCAHCA Healthcare, Inc.	0.05%	25,039	$4M	added+27%	+0.02 pp	2 q
JKHYHenry (Jack) & Associates	0.05%	22,434	$3M	trimmed−27%	−0.02 pp	3 q
MGMMgm Resorts International	0.05%	111,282	$4M	trimmed−95%	−0.92 pp	3 q
MOMOHello Group Inc.	0.05%	109,426	$4M	trimmed−10%	−0.01 pp	3 q
PYPLPayPal Holdings, Inc.	0.05%	33,796	$4M	trimmed−82%	−0.24 pp	2 q
RTNRaytheon Company	0.05%	15,018	$3M	trimmed−62%	−0.06 pp	2 q
RRGBRed Robin Gourmet Burgers Inc	0.05%	98,539	$3M	added+72%	+0.02 pp	3 q
SHOEShoe Station Group, Inc.	0.05%	86,896	$3M	added×2.8	+0.03 pp	2 q
AIYActivision Blizzard Inc	0.04%	43,971	$3M	added+68%	+0.02 pp	2 q
AAAlcoa Corporation	0.04%	115,367	$2M	trimmed−41%	−0.02 pp	4 q
ADSKAutodesk Inc	0.04%	16,206	$3M	trimmed−47%	−0.03 pp	6 q
CZRCaesars Entertainment, Inc.	0.04%	189,501	$3M	new	+0.04 pp	new
CSLTCastlight Health, Inc.	0.04%	1,815,514	$2M	held	—	24 q
CSCOCisco Systems, Inc. (DE)	0.04%	60,598	$3M	new	+0.04 pp	new
COLMColumbia Sportswear Co	0.04%	30,006	$3M	new	+0.04 pp	new
DISThe Walt Disney Company	0.04%	17,737	$3M	new	+0.04 pp	new
DNKNDunkin' Brands Group, Inc.	0.04%	40,150	$3M	new	+0.04 pp	new
ETSYEtsy, Inc.	0.04%	55,277	$2M	added×5.4	+0.03 pp	3 q
FISFidelity National Information Services, Inc.	0.04%	17,668	$2M	added×2.1	+0.02 pp	2 q
unresolvedGeneral Electric Co	0.04%	219,700	$2M	added+57%	+0.02 pp	2 q
HAINHain Celestial Group Inc	0.04%	104,673	$3M	new	+0.04 pp	new
HLTHilton Worldwide Holdings Inc.	0.04%	24,636	$3M	trimmed−96%	−0.89 pp	2 q
IRBTiRobot Corporation	0.04%	59,265	$3M	trimmed−19%	−0.03 pp	3 q
KLACKLA Corporation	0.04%	13,714	$2M	new	+0.04 pp	new
KRThe Kroger Co.	0.04%	96,465	$3M	new	+0.04 pp	new
LPXLouisiana-Pacific Corp.	0.04%	99,054	$3M	new	+0.04 pp	new
MURMurphy Oil Corp.	0.04%	93,104	$2M	new	+0.04 pp	new
RLRalph Lauren Corporation	0.04%	22,723	$3M	trimmed−67%	−0.06 pp	3 q
ROKRockwell Automation, Inc.	0.04%	11,998	$2M	new	+0.04 pp	new
SAHSonic Automotive, Inc.	0.04%	93,881	$3M	new	+0.04 pp	new
TRMBTrimble Inc.	0.04%	57,981	$2M	added×2.2	+0.03 pp	2 q
UNPUnion Pacific Corp.	0.04%	13,855	$3M	added+95%	+0.02 pp	2 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.04%	9,095	$3M	new	+0.04 pp	new
WBAWalgreens Boots Alliance, Inc	0.04%	41,032	$2M	added+62%	+0.02 pp	2 q
AXTAAxalta Coating Systems Ltd.	0.04%	84,773	$3M	added×2.4	+0.02 pp	2 q
LYBLyondellBasell Industries N.V. Class A	0.04%	31,796	$3M	trimmed−62%	−0.07 pp	3 q
AKRXAkorn, Inc.	0.03%	1,241,326	$2M	new	+0.03 pp	new
ADIAnalog Devices, Inc.	0.03%	15,262	$2M	new	+0.03 pp	new
AVTAvnet, Inc.	0.03%	54,443	$2M	new	+0.03 pp	new
BAXBaxter International Inc.	0.03%	24,373	$2M	trimmed−40%	−0.02 pp	6 q
TECHBio-Techne Corp.	0.03%	9,229	$2M	new	+0.03 pp	new
BF.BBrown-Forman Corporation Class B	0.03%	31,161	$2M	trimmed−73%	−0.08 pp	3 q
CVXChevron Corporation	0.03%	19,897	$2M	new	+0.03 pp	new
PLCEChildren's Place, Inc.	0.03%	29,091	$2M	trimmed−77%	−0.11 pp	3 q
CGNXCognex Corp	0.03%	39,524	$2M	new	+0.03 pp	new
CAGConagra Brands, Inc.	0.03%	68,531	$2M	trimmed−15%	−0.01 pp	2 q
unresolvedCooper Cos Inc/The	0.03%	6,361	$2M	added+75%	+0.01 pp	2 q
CXTCrane NXT, Co.	0.03%	26,492	$2M	added+96%	+0.01 pp	2 q
CYCypress Semiconductor	0.03%	87,957	$2M	new	+0.03 pp	new
DINDine Brands Global, Inc.	0.03%	23,861	$2M	added×2.3	+0.02 pp	2 q
LOCOEl Pollo Loco Holdings, Inc.	0.03%	143,535	$2M	new	+0.03 pp	new
EMNEastman Chemical Company	0.03%	26,526	$2M	new	+0.03 pp	new
ENVEnvestnet, Inc.	0.03%	26,002	$2M	new	+0.03 pp	new
EXTRExtreme Networks	0.03%	283,062	$2M	trimmed−37%	−0.02 pp	3 q
FIVNFIVE9, Inc.	0.03%	30,152	$2M	new	+0.03 pp	new
HXLHexcel Corporation	0.03%	24,291	$2M	new	+0.03 pp	new
IEXIDEX Corporation	0.03%	12,600	$2M	added×2.0	+0.02 pp	2 q
IDXXIdexx Laboratories Inc	0.03%	8,688	$2M	new	+0.03 pp	new
ITWIllinois Tool Works Inc.	0.03%	13,071	$2M	new	+0.03 pp	new
KSUKansas City Southern	0.03%	14,790	$2M	added+51%	+0.01 pp	2 q
KLKirkland Lake Gold Ltd Ordinary	0.03%	39,680	$2M	new	+0.03 pp	new
99803EURLaboratory Crp Of Amer Hldgs	0.03%	10,627	$2M	added+36%	+0.01 pp	2 q
LGNDLigand Pharmaceuticals Inc.	0.03%	16,489	$2M	new	+0.03 pp	new
MSMMSC Industrial Direct Co., Inc. Class A	0.03%	27,697	$2M	added+89%	+0.01 pp	2 q
MAMastercard Incorporated	0.03%	6,928	$2M	new	+0.03 pp	new
MPWRMonolithic Power Systems, Inc.	0.03%	9,938	$2M	added+33%	+0.01 pp	2 q
NEUNewMarket Corporation	0.03%	4,519	$2M	new	+0.03 pp	new
OCOwens Corning	0.03%	34,425	$2M	trimmed−99%	−2.97 pp	4 q
PBFPbf Energy Inc.	0.03%	55,944	$2M	new	+0.03 pp	new
PEGAPegasystems Inc	0.03%	24,269	$2M	new	+0.03 pp	new
SABRSabre Corporation	0.03%	101,987	$2M	added×2.4	+0.02 pp	2 q
SLABSilicon Laboratories Inc	0.03%	20,456	$2M	new	+0.03 pp	new
AOSA.O. Smith Corporation	0.03%	45,096	$2M	new	+0.03 pp	new
XYZBlock, Inc.	0.03%	30,662	$2M	new	+0.03 pp	new
SWKStanley Black & Decker, Inc.	0.03%	13,047	$2M	new	+0.03 pp	new
SGISomnigroup International Inc.	0.03%	24,487	$2M	new	+0.03 pp	new
TWTRTwitter, Inc.	0.03%	64,947	$2M	added×3.0	+0.02 pp	5 q
OLEDUniversal Display Corp	0.03%	9,700	$2M	new	+0.03 pp	new
VZVerizon Communications	0.03%	33,915	$2M	new	+0.03 pp	new
VSATViasat Inc	0.03%	27,607	$2M	added×2.7	+0.02 pp	2 q
VVISA Inc.	0.03%	9,779	$2M	added+78%	+0.02 pp	11 q
WMWaste Management, Inc.	0.03%	20,997	$2M	added+87%	+0.01 pp	2 q
XPOXPO, Inc.	0.03%	27,428	$2M	new	+0.03 pp	new
AJRDAerojet Rocketdyne Holdings, Inc.	0.02%	30,048	$1M	added+73%	+0.01 pp	2 q
ATIATI Inc.	0.02%	70,817	$1M	added+37%	0.00 pp	2 q
BYDBoyd Gaming Corporation	0.02%	42,592	$1M	new	+0.02 pp	new
CWCurtiss-Wright Corp.	0.02%	9,767	$1M	added+6%	0.00 pp	2 q
DKDelek US Holdings, Inc.	0.02%	45,047	$2M	new	+0.02 pp	new
EXELExelixis Inc	0.02%	91,759	$2M	added+72%	+0.01 pp	2 q
GILDGilead Sciences Inc	0.02%	25,365	$2M	added+57%	0.00 pp	2 q
HAEHaemonetics Corporation	0.02%	9,207	$1M	new	+0.02 pp	new
HASHasbro, Inc.	0.02%	11,967	$1M	new	+0.02 pp	new
HEIHEICO Corporation	0.02%	14,006	$2M	new	+0.02 pp	new
SHOOSteven Madden Ltd	0.02%	35,458	$2M	added×2.3	+0.01 pp	5 q
MRCYMercury Systems Inc.	0.02%	24,108	$2M	added×2.7	+0.01 pp	2 q
MIDDMiddleby Corp	0.02%	11,418	$1M	added+3%	0.00 pp	2 q
MNROMonro, Inc.	0.02%	20,167	$2M	added+16%	0.00 pp	7 q
NTGRNETGEAR, Inc.	0.02%	49,470	$1M	added+2%	0.00 pp	3 q
NXSTNexstar Media Group, Inc.	0.02%	13,781	$2M	new	+0.02 pp	new
ODFLOld Dominion Freight Line	0.02%	8,842	$2M	new	+0.02 pp	new
PTLAPortola Pharmaceuticals, Inc.	0.02%	52,425	$1M	new	+0.02 pp	new
QEPQep Resources, Inc.	0.02%	365,381	$2M	added+49%	+0.01 pp	2 q
RUTHRuth's Hospitality Group, Inc.	0.02%	77,866	$2M	new	+0.02 pp	new
STMPStamps.com, Inc.	0.02%	18,481	$2M	added+48%	+0.01 pp	2 q
TFXTeleflex Incorporated	0.02%	3,483	$1M	added+29%	+0.01 pp	2 q
THOThor Industries, Inc.	0.02%	21,096	$2M	trimmed−14%	0.00 pp	2 q
UTHRUnited Therapeutics Corp	0.02%	14,781	$1M	added+16%	+0.01 pp	2 q
MTNVail Resorts, Inc.	0.02%	5,832	$1M	new	+0.02 pp	new
ACCOAcco Brands Corporation	0.01%	38,992	$365,000	added+17%	+0.01 pp	2 q
HOMEAt Home Group Inc.	0.01%	157,701	$867,000	trimmed−60%	−0.05 pp	2 q
AVGOBroadcom Inc.	0.01%	1,601	$506,000	trimmed−50%	0.00 pp	4 q
PLAYDave & Buster's Entertainment, Inc.	0.01%	14,114	$567,000	trimmed−87%	−0.05 pp	2 q
EMREmerson Electric Co.	0.01%	8,183	$624,000	trimmed−90%	−0.07 pp	2 q
FLOFlowers Foods, Inc.	0.01%	39,014	$848,000	trimmed−92%	−0.16 pp	5 q
WOOFoot Locker Inc	0.01%	13,293	$518,000	trimmed−96%	−0.21 pp	2 q
JBLUJetBlue Airways Corp	0.01%	26,744	$501,000	trimmed−74%	−0.02 pp	6 q
MCDMcDonald's Corporation	0.01%	4,180	$826,000	new	+0.01 pp	new
MIKMichaels Stores, Inc	0.01%	44,256	$358,000	new	+0.01 pp	new
PCARPaccar Inc	0.01%	8,549	$676,000	new	+0.01 pp	new
PEPPepsiCo, Inc.	0.01%	4,277	$585,000	trimmed−92%	−0.10 pp	3 q
ROKURoku, Inc. Class A	0.01%	4,062	$544,000	added×4.5	+0.01 pp	2 q
SNASnap-on Incorporated	0.01%	2,406	$408,000	new	+0.01 pp	new
SYFSynchrony Financial	0.01%	16,026	$577,000	trimmed−90%	−0.07 pp	2 q
MMM3M Company	0.01%	5,733	$1M	trimmed−55%	−0.02 pp	2 q
TBCHTurtle Beach Corporation	0.01%	107,013	$1M	added+1%	−0.01 pp	2 q
TSNTyson Foods, Inc.	0.01%	9,071	$826,000	trimmed−86%	−0.07 pp	2 q
URBNUrban Outfitters Inc	0.01%	35,899	$997,000	added+29%	0.00 pp	3 q
WDAYWorkday, Inc. Class A	0.01%	6,099	$1M	trimmed−4%	−0.01 pp	2 q
FOSLFossil Group, Inc.	0.00%	21,771	$172,000	trimmed−96%	−0.10 pp	2 q
HSYThe Hershey Company	0.00%	1,366	$201,000	new	0.00 pp	new
MUMicron Technology, Inc.	0.00%	4,039	$217,000	trimmed−50%	−0.01 pp	7 q
PENNPENN Entertainment, Inc.	0.00%	7,262	$186,000	new	0.00 pp	new
PINSPinterest, Inc. Class A	0.00%	3,145	$59,000	trimmed−67%	0.00 pp	3 q
PGProcter & Gamble Company	0.00%	2,118	$265,000	trimmed−97%	−0.14 pp	3 q
SBHSally Beauty Holdings, Inc.	0.00%	14,358	$262,000	trimmed−98%	−0.15 pp	7 q
WORKSlack Technologies, Inc.	0.00%	12,300	$277,000	held	—	3 q
WW6Willis Towers Watson Public Limited Company	0.00%	2,186	$84,000	trimmed−98%	−0.08 pp	13 q
CHKPCheck Point Software Technologies Ltd	0.00%	2,261	$251,000	trimmed−98%	−0.20 pp	6 q
GPKGraphic Packaging Holding Company	—	−9,348,153	—	exited	−2.03 pp	—
FISVFiserv, Inc.	—	−608,351	—	exited	−0.93 pp	—
DOWDow Inc.	—	−730,439	—	exited	−0.51 pp	—
WCGWellcare Health Plans, Inc.	—	−135,014	—	exited	−0.51 pp	—
BUDAnheuser-Busch INBEV SA/NV	—	−294,045	—	exited	−0.41 pp	—
IPHIInphi Corporation	—	−457,444	—	exited	−0.41 pp	—
NWLNewell Brands Inc.	—	−1,079,218	—	exited	−0.30 pp	—
DKSDick's Sporting Goods, Inc.	—	−415,659	—	exited	−0.25 pp	—
AMZNAmazon.Com Inc	—	−8,860	—	exited	−0.23 pp	—
SKAASkechers USA Inc-cl A	—	−415,079	—	exited	−0.23 pp	—
SIGSignet Jewelers Limited	—	−761,829	—	exited	−0.19 pp	—
WENThe Wendy's Company	—	−628,474	—	exited	−0.18 pp	—
KELKellanova	—	−155,014	—	exited	−0.15 pp	—
AAPAdvance Auto Parts Inc	—	−57,537	—	exited	−0.14 pp	—
CASYCasey's General Stores Inc	—	−59,750	—	exited	−0.14 pp	—
PLNTPlanet Fitness, Inc.	—	−165,562	—	exited	−0.14 pp	—
RHRh	—	−49,916	—	exited	−0.13 pp	—
NVDANvidia Corp	—	−48,345	—	exited	−0.12 pp	—
RMDResMed Inc.	—	−57,354	—	exited	−0.11 pp	—
CARBCarbonite Inc	—	−419,150	—	exited	−0.10 pp	—
FMCFMC Corporation	—	−79,866	—	exited	−0.10 pp	—
GMGeneral Motors Company	—	−172,499	—	exited	−0.10 pp	—
PBHPrestige Consumer Healthcare Inc.	—	−197,352	—	exited	−0.10 pp	—
SBUXStarbucks Corp	—	−75,714	—	exited	−0.10 pp	—
APDAir Products & Chemicals, Inc.	—	−27,242	—	exited	−0.09 pp	—
LSTRLandstar System Inc	—	−51,773	—	exited	−0.09 pp	—
SW5Southwestern Energy Co	—	−3,327,587	—	exited	−0.09 pp	—
ANFAbercrombie & Fitch Co.	—	−361,358	—	exited	−0.08 pp	—
AIGAmerican International Group, Inc.	—	−101,787	—	exited	−0.08 pp	—
CACICaci International Cla	—	−24,965	—	exited	−0.08 pp	—
DENNDenny's Corp	—	−250,101	—	exited	−0.08 pp	—
EQTEqt Corp	—	−494,942	—	exited	−0.08 pp	—
FIVEFive Below, Inc.	—	−42,954	—	exited	−0.08 pp	—
BENFranklin Templeton, Inc.	—	−192,906	—	exited	−0.08 pp	—
OXYOccidental Petroleum Corporation	—	−121,114	—	exited	−0.08 pp	—
PRKSUnited Parks & Resorts Inc.	—	−202,944	—	exited	−0.08 pp	—
YELPYelp Inc.	—	−152,076	—	exited	−0.08 pp	—
ADNTAdient plc	—	−222,334	—	exited	−0.08 pp	—
AMEDAmedisys Inc	—	−36,715	—	exited	−0.07 pp	—
BERYBerry Global Group, Inc.	—	−117,741	—	exited	−0.07 pp	—
CIThe Cigna Group	—	−30,459	—	exited	−0.07 pp	—
CNKCinemark Holdings, Inc.	—	−116,789	—	exited	−0.07 pp	—
GSGoldman Sachs Group Inc.	—	−24,558	—	exited	−0.07 pp	—
IACIIac / Interactivecorp (De) Com Stk	—	−20,694	—	exited	−0.07 pp	—
MCKMcKesson Corporation	—	−37,343	—	exited	−0.07 pp	—
MCHPMicrochip Technology Inc	—	−48,396	—	exited	−0.07 pp	—
SONYSony Group Corporation	—	−80,878	—	exited	−0.07 pp	—
VIABViacom Inc. Class B	—	−210,646	—	exited	−0.07 pp	—
XLNXXilinx Inc	—	−50,102	—	exited	−0.07 pp	—
CLColgate-Palmolive Company	—	−51,602	—	exited	−0.06 pp	—
CTRPTrip.com Group Limited	—	−143,254	—	exited	−0.06 pp	—
LXLexinFintech Holdings Ltd.	—	−432,544	—	exited	−0.06 pp	—
MTCHMatch Group, Inc	—	−58,325	—	exited	−0.06 pp	—
SJMThe J.M. Smucker Company	—	−36,939	—	exited	−0.06 pp	—
SYMCGen Digital Inc.	—	−166,991	—	exited	−0.06 pp	—
CPRICapri Holdings Limited	—	−125,826	—	exited	−0.06 pp	—
RIGTransocean LTD.	—	−985,320	—	exited	−0.06 pp	—
ACHCAcadia Healthcare Company, Inc.	—	−109,928	—	exited	−0.05 pp	—
PHParker-Hannifin Corporation	—	−17,781	—	exited	−0.05 pp	—
TGTTarget Corporation	—	−34,261	—	exited	−0.05 pp	—
TMOThermo Fisher Scientific, Inc.	—	−12,086	—	exited	−0.05 pp	—
GRMNGarmin Ltd	—	−42,073	—	exited	−0.05 pp	—
THCTenet Healthcare Corporation New	—	−110,571	—	exited	−0.04 pp	—
AALAmerican Airlines Group Inc.	—	−74,022	—	exited	−0.03 pp	—
GCOGenesco Inc.	—	−55,005	—	exited	−0.03 pp	—
KMBKimberly-Clark Corp.	—	−13,002	—	exited	−0.03 pp	—
MFCManulife Financial Corp.	—	−98,489	—	exited	−0.03 pp	—
NUENucor Corporation	—	−37,606	—	exited	−0.03 pp	—
DCHDauch Corporation	—	−147,714	—	exited	−0.02 pp	—
BIIBBiogen Inc.	—	−4,919	—	exited	−0.02 pp	—
CDKCDK Global, Inc.	—	−26,062	—	exited	−0.02 pp	—
EHCEncompass Health Corporation	—	−19,841	—	exited	−0.02 pp	—
FCXFreeport-McMoran Inc.	—	−139,242	—	exited	−0.02 pp	—
MXIMMaxim Integrated Products	—	−19,315	—	exited	−0.02 pp	—
MRKMerck & Co., Inc.	—	−14,928	—	exited	−0.02 pp	—
OMCOmnicom Group Inc.	—	−13,740	—	exited	−0.02 pp	—
SGENSeagen Inc.	—	−14,462	—	exited	−0.02 pp	—
TSLATesla, Inc.	—	−6,815	—	exited	−0.02 pp	—
VRSKVerisk Analytics, Inc.	—	−7,371	—	exited	−0.02 pp	—
ZTSZoetis Inc.	—	−8,827	—	exited	−0.02 pp	—
AMGNAmgen Inc	—	−4,862	—	exited	−0.01 pp	—
ABGAsbury Automotive Group, Inc.	—	−6,331	—	exited	−0.01 pp	—
ANAutoNation, Inc.	—	−11,163	—	exited	−0.01 pp	—
CHSChicos FAS, Inc.	—	−225,294	—	exited	−0.01 pp	—
CLGXCorelogic, Inc.	—	−18,690	—	exited	−0.01 pp	—
BOOMDMC Global Inc.	—	−19,293	—	exited	−0.01 pp	—
DECKDeckers Outdoor Corp	—	−4,379	—	exited	−0.01 pp	—
DYDycom Industries, Inc.	—	−17,275	—	exited	−0.01 pp	—
EAElectronic Arts Inc	—	−8,242	—	exited	−0.01 pp	—
EXKExact Sciences Corp	—	−10,060	—	exited	−0.01 pp	—
GPNGlobal Payments, Inc.	—	−6,374	—	exited	−0.01 pp	—
GRPNGroupon, Inc.	—	−233,136	—	exited	−0.01 pp	—
HBMHudbay Minerals Inc.	—	−259,738	—	exited	−0.01 pp	—
INCYIncyte Genomics Inc	—	−10,875	—	exited	−0.01 pp	—
LVSLas Vegas Sands Corp.	—	−14,979	—	exited	−0.01 pp	—
MASMasco Corporation	—	−24,092	—	exited	−0.01 pp	—
PRLBProto Labs, Inc.	—	−8,821	—	exited	−0.01 pp	—
ROPRoper Technologies, Inc.	—	−2,441	—	exited	−0.01 pp	—
ROSTRoss Stores Inc	—	−6,574	—	exited	−0.01 pp	—
NOWServicenow, Inc.	—	−3,245	—	exited	−0.01 pp	—
SBGISinclair, Inc. Class A	—	−22,491	—	exited	−0.01 pp	—
TECDTech Data Corp	—	−8,855	—	exited	−0.01 pp	—
TRUTransUnion	—	−11,095	—	exited	−0.01 pp	—
VRNSVaronis Systems, Inc.	—	−15,497	—	exited	−0.01 pp	—
WCCWesco International Inc.	—	−18,596	—	exited	−0.01 pp	—
GU9Guess? Inc	—	−199	—	exited	0.00 pp	—