Maverick Capital

Q3 2022 13F · by Ben Silver, CIO

As of: Sep 30, 2022
Filed: Nov 10, 2022
US stock: $4.4B · prev $4.0B
Positions: 343 · prev 210
Options notional: $7M
Documents: 1· no amendments

Picture99.8% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 99.8%
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 0.2%

Moves375 since the prior filing

+11.1 pp in · −9.7 pp out

New 184 +7.85 pp
Added 78 +3.22 pp
Trimmed 59 −5.00 pp
Exited 51 −4.75 pp

Options: 3 moves on a notional base, in the table below.

The book

Very concentrated · behaves like 9 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 54% a year, about 1.9 years per position

Low
Moderate
High

Top 5 positions46% of US stock

CPNG Coupang, Inc. trimmed+3.58 pp trimmed+3.5830.6%
TMUS T-Mobile US, Inc. added−0.23 pp added−0.234.6%
AMZN Amazon.Com Inc trimmed−0.91 pp trimmed−0.914.3%
MSFT Microsoft Corp added−0.54 pp added−0.543.2%
V VISA Inc. added+0.02 pp added+0.023.0%

Positions343 in this filing · 51 exited


CPNGCoupang, Inc.	30.56%	81,251,677	$1.4B	trimmed−4%	+3.58 pp	7 q
TMUST-Mobile US, Inc.	4.64%	1,532,672	$206M	added+6%	−0.23 pp	7 q
AMZNAmazon.Com Inc	4.31%	1,692,016	$191M	trimmed−14%	−0.91 pp	11 q
MSFTMicrosoft Corp	3.16%	602,018	$140M	added+5%	−0.54 pp	21 q
VVISA Inc.	2.98%	742,347	$132M	added+24%	+0.02 pp	9 q
OSHOak Street Health, Inc.	2.96%	5,343,867	$131M	trimmed−15%	+0.37 pp	9 q
METAMeta Platforms, Inc. Class A	2.76%	901,746	$122M	added+25%	−0.15 pp	31 q
AVTRAvantor, Inc.	2.71%	6,129,905	$120M	new	+2.71 pp	new
UBERUber Technologies, Inc.	2.66%	4,451,972	$118M	trimmed−9%	+0.16 pp	14 q
CRMSalesforce, Inc.	2.43%	748,456	$108M	added×3.6	+1.58 pp	2 q
WDAYWorkday, Inc. Class A	2.40%	698,108	$106M	added+24%	+0.43 pp	6 q
HUMHumana Inc.	2.22%	202,438	$98M	trimmed−37%	−1.57 pp	15 q
NFLXNetFlix Inc	1.87%	351,961	$83M	new	+1.87 pp	new
CCKCrown Holdings Inc.	1.63%	892,749	$72M	trimmed−24%	−1.07 pp	12 q
JLLJones Lang LaSalle, Inc.	1.52%	446,853	$68M	trimmed−51%	−2.45 pp	6 q
LRCXLam Research Corp	1.47%	178,445	$65M	added+5%	−0.34 pp	27 q
SNOWSnowflake Inc.	1.43%	372,512	$63M	added+5%	+0.20 pp	7 q
XPXP Inc. Class A	1.37%	3,199,809	$61M	added+5%	+0.01 pp	12 q
USFDUS Foods Holding Corp.	1.08%	1,806,532	$48M	added+4%	−0.25 pp	4 q
TGTXTG Therapeutics, Inc.	1.03%	7,701,870	$46M	added+14%	+0.31 pp	10 q
MELIMercado Libre, Inc	1.00%	53,664	$44M	added+6%	+0.19 pp	7 q
GOOGAlphabet Inc. Class C	0.93%	430,851	$41M	trimmed−32%	−0.81 pp	32 q
RCKTRocket Pharmaceuticals, Inc.	0.91%	2,532,366	$40M	held	—	6 q
DPZDomino's Pizza Inc.	0.90%	128,483	$40M	added×35.0	+0.86 pp	2 q
LIVNLivaNova PLC	0.90%	787,850	$40M	trimmed−1%	−0.35 pp	10 q
unresolvedAusterlitz Acquisition Corp	0.88%	3,956,790	$39M	held	—	7 q
XYZBlock, Inc.	0.83%	668,782	$37M	added+27%	+0.02 pp	3 q
unresolvedInstructure Hldgs Inc	0.70%	1,383,777	$31M	held	—	5 q
unresolvedCaremax Inc	0.69%	4,316,684	$31M	held	—	6 q
EFXEquifax, Incorporated	0.69%	178,998	$31M	new	+0.69 pp	new
ATRAGBXAtara Biotherapeutics Inc	0.67%	7,855,824	$30M	held	—	15 q
unresolvedDragoneer Growth Opt Corp II	0.66%	3,000,000	$29M	held	—	7 q
WVEWave Life Sciences Ltd.	0.64%	7,805,219	$28M	held	—	7 q
FERGFerguson Enterprises Inc.	0.63%	272,139	$28M	added0%	−0.12 pp	2 q
COUPCoupa Software Incorporated	0.60%	455,582	$27M	added+7%	−0.01 pp	3 q
unresolvedOrion Acquisition Corp	0.60%	2,672,349	$26M	held	—	7 q
AHCOAdaptHealth Corp.	0.59%	1,392,700	$26M	added+2%	−0.03 pp	8 q
AMATApplied Materials Inc	0.56%	304,692	$25M	trimmed−19%	−0.30 pp	10 q
JWSMFJaws Mustang Acq Corp A	0.53%	2,381,170	$24M	held	—	6 q
FTCHQFarfetch Limited A	0.44%	2,640,064	$20M	added+89%	+0.19 pp	6 q
PRVAPrivia Health Group, Inc.	0.43%	564,329	$19M	held	—	6 q
EXPEExpedia Group, Inc.	0.41%	194,719	$18M	trimmed−23%	−0.19 pp	7 q
IMGNImmunogen Inc	0.38%	3,553,128	$17M	added+28%	+0.07 pp	2 q
BAXBaxter International Inc.	0.37%	300,562	$16M	new	+0.37 pp	new
CVNACarvana Co.	0.34%	735,711	$15M	added+6%	−0.05 pp	7 q
MSDAUMsd Acquisition Corp	0.34%	1,500,000	$15M	held	—	7 q
unresolvedAltimeter Growth Corp 2	0.33%	1,478,793	$15M	held	—	7 q
unresolvedPanacea Acquisition Corp II	0.31%	1,385,250	$14M	held	—	6 q
unresolvedGlobal Technolgy Acqstn Corp	0.27%	1,200,000	$12M	held	—	4 q
unresolvedPopulation Health Invs Co In	0.27%	1,185,260	$12M	held	—	7 q
unresolvedNew Vista Acquisition Corp	0.22%	991,224	$10M	held	—	7 q
unresolvedRocket Internet Grwt Oprt Co	0.22%	989,520	$10M	held	—	7 q
SEERSeer, Inc. Class A	0.20%	1,163,792	$9M	trimmed−46%	−0.29 pp	8 q
CRBUCaribou Biosciences, Inc.	0.16%	652,542	$7M	held	—	5 q
FTNTFortinet, Inc.	0.14%	122,473	$6M	added+75%	+0.04 pp	3 q
LULUlululemon athletica inc.	0.14%	21,662	$6M	trimmed−3%	−0.01 pp	3 q
OXMOxford Industries, Inc.	0.14%	66,754	$6M	added×5.0	+0.11 pp	2 q
DKSDick's Sporting Goods, Inc.	0.13%	54,687	$6M	added+30%	+0.05 pp	11 q
SHAKShake Shack Inc.	0.13%	131,946	$6M	added×2.5	+0.08 pp	2 q
unresolvedCuris Inc	0.12%	7,693,022	$5M	held	—	6 q
ORLYO'Reilly Automotive, Inc.	0.12%	7,400	$5M	new	+0.12 pp	new
ETSYEtsy, Inc.	0.11%	49,694	$5M	trimmed−7%	+0.01 pp	2 q
SHWThe Sherwin-Williams Company	0.11%	24,638	$5M	added+13%	−0.01 pp	3 q
ADSKAutodesk Inc	0.10%	22,928	$4M	added×2.3	+0.06 pp	2 q
PLAYDave & Buster's Entertainment, Inc.	0.10%	145,375	$5M	new	+0.10 pp	new
DECKDeckers Outdoor Corp	0.10%	14,319	$4M	added×3.0	+0.07 pp	11 q
PVHPVH Corp.	0.10%	96,031	$4M	new	+0.10 pp	new
SKAASkechers USA Inc-cl A	0.10%	136,631	$4M	added×3.3	+0.06 pp	3 q
GOGrocery Outlet Holding Corp.	0.09%	116,640	$4M	added+79%	+0.02 pp	3 q
NVDANvidia Corp	0.09%	34,243	$4M	added×5.2	+0.06 pp	9 q
JNPJuniper Networks Inc	0.08%	143,391	$4M	trimmed−1%	−0.02 pp	2 q
TXRHTexas Roadhouse, Inc.	0.08%	42,305	$4M	added×10.2	+0.07 pp	2 q
ANFAbercrombie & Fitch Co.	0.07%	199,840	$3M	added×2.9	+0.04 pp	3 q
AAPAdvance Auto Parts Inc	0.07%	18,870	$3M	added×5.4	+0.05 pp	2 q
ANETArista Networks	0.07%	27,640	$3M	new	+0.07 pp	new
CBRLCracker Barrel Old Country Store, Inc,.	0.07%	31,517	$3M	trimmed−14%	−0.01 pp	2 q
NTNXNutanix, Inc. Class A	0.07%	143,255	$3M	added×2.6	+0.05 pp	2 q
SIGSignet Jewelers Limited	0.07%	51,836	$3M	trimmed−10%	−0.01 pp	3 q
ASMLASML Holding NV	0.07%	7,246	$3M	added+90%	+0.02 pp	7 q
BLMNBloomin' Brands, Inc.	0.06%	136,174	$2M	added+55%	+0.02 pp	2 q
FIVEFive Below, Inc.	0.06%	20,776	$3M	trimmed−61%	−0.09 pp	3 q
NTAPNetApp, Inc	0.06%	45,076	$3M	trimmed−7%	−0.02 pp	3 q
WINGWingstop Inc	0.06%	20,185	$3M	new	+0.06 pp	new
XRXXerox Holdings Corporation	0.06%	187,309	$2M	added+10%	0.00 pp	3 q
CSCOCisco Systems, Inc. (DE)	0.05%	56,610	$2M	added×2.1	+0.02 pp	2 q
STZConstellation Brands, Inc.	0.05%	9,048	$2M	trimmed−1%	0.00 pp	3 q
CRWDCrowdStrike Holdings, Inc. Class A	0.05%	12,195	$2M	trimmed−14%	−0.01 pp	3 q
DBXDropbox, Inc. Class A	0.05%	108,015	$2M	added+35%	+0.01 pp	8 q
LOWLowe's Companies Inc.	0.05%	11,712	$2M	new	+0.05 pp	new
PANWPalo Alto Networks, Inc.	0.05%	12,942	$2M	trimmed−36%	−0.03 pp	3 q
SQZBSqz Biotechnologies Co	0.05%	1,068,155	$2M	held	—	8 q
SBHSally Beauty Holdings, Inc.	0.05%	174,695	$2M	added×16.5	+0.05 pp	9 q
TRIPTripAdvisor, Inc.	0.05%	100,989	$2M	added+89%	+0.03 pp	2 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.05%	209,495	$2M	trimmed−23%	−0.03 pp	2 q
CHWYChewy, Inc.	0.04%	57,860	$2M	new	+0.04 pp	new
FLOFlowers Foods, Inc.	0.04%	70,098	$2M	trimmed−12%	−0.01 pp	3 q
GAPThe Gap, Inc.	0.04%	196,070	$2M	new	+0.04 pp	new
GCOGenesco Inc.	0.04%	45,626	$2M	added+99%	+0.01 pp	2 q
HPEHewlett Packard Enterprise Company	0.04%	141,147	$2M	new	+0.04 pp	new
HB6Hibbett Inc	0.04%	32,413	$2M	trimmed−51%	−0.03 pp	2 q
TWNKHostess Brands, Inc. Class A	0.04%	83,165	$2M	trimmed−15%	−0.01 pp	3 q
IPInternational Paper Co.	0.04%	53,946	$2M	added+11%	−0.01 pp	3 q
MATXMatsons, Inc.	0.04%	25,716	$2M	new	+0.04 pp	new
MNSTMonster Beverage Corporation	0.04%	22,298	$2M	trimmed−10%	−0.02 pp	8 q
ROSTRoss Stores Inc	0.04%	23,242	$2M	new	+0.04 pp	new
TJXTJX Companies, Inc. (The)	0.04%	31,480	$2M	trimmed−48%	−0.05 pp	3 q
TXNTexas Instruments Incorporated	0.04%	11,967	$2M	added+64%	+0.01 pp	3 q
TSNTyson Foods, Inc.	0.04%	26,684	$2M	added+30%	0.00 pp	3 q
VMWVMware, Inc	0.04%	18,692	$2M	added×2.3	+0.02 pp	3 q
JHGJanus Henderson Group PLC	0.04%	77,416	$2M	new	+0.04 pp	new
AEOAmerican Eagle Outfitters	0.03%	151,915	$1M	new	+0.03 pp	new
HRBH&R Block, Inc.	0.03%	32,843	$1M	new	+0.03 pp	new
KOCoca-Cola Company	0.03%	21,686	$1M	trimmed−26%	−0.02 pp	3 q
CACCCredit Acceptance Corp	0.03%	3,176	$1M	new	+0.03 pp	new
DINDine Brands Global, Inc.	0.03%	17,649	$1M	added×2.1	+0.02 pp	2 q
EWEdwards Lifesciences Corp	0.03%	14,238	$1M	new	+0.03 pp	new
EMREmerson Electric Co.	0.03%	17,065	$1M	added+18%	0.00 pp	3 q
ENREnergizer Holdings, Inc	0.03%	51,932	$1M	added+12%	0.00 pp	3 q
GISGeneral Mills, Inc.	0.03%	17,546	$1M	added+18%	0.00 pp	2 q
HAINHain Celestial Group Inc	0.03%	72,023	$1M	added+22%	−0.01 pp	3 q
JBLUJetBlue Airways Corp	0.03%	196,112	$1M	added+96%	+0.01 pp	2 q
JNJJohnson & Johnson	0.03%	7,957	$1M	added+31%	0.00 pp	3 q
KRThe Kroger Co.	0.03%	28,282	$1M	added+22%	0.00 pp	4 q
MZTIThe Marzetti Company	0.03%	8,360	$1M	trimmed−2%	0.00 pp	3 q
NKENike, Inc.	0.03%	15,894	$1M	trimmed−57%	−0.06 pp	3 q
PETSPetMed Express, Inc.	0.03%	57,062	$1M	new	+0.03 pp	new
PRKSUnited Parks & Resorts Inc.	0.03%	34,002	$2M	added+13%	0.00 pp	11 q
CHKPCheck Point Software Technologies Ltd	0.03%	11,882	$1M	trimmed−44%	−0.03 pp	9 q
ABTAbbott Laboratories	0.02%	9,249	$895,000	added+12%	0.00 pp	3 q
BG3Big 5 Sporting Goods Corp	0.02%	70,074	$753,000	added×3.7	+0.01 pp	3 q
BKEThe Buckle, Inc.	0.02%	28,866	$914,000	added+56%	+0.01 pp	3 q
CAKECheesecake Factory (The)	0.02%	26,579	$778,000	trimmed−32%	−0.01 pp	2 q
CAGConagra Brands, Inc.	0.02%	28,127	$918,000	trimmed−13%	−0.01 pp	3 q
DENNDenny's Corp	0.02%	100,991	$950,000	added+25%	0.00 pp	3 q
DBIDesigner Brands Inc.	0.02%	49,990	$765,000	added×2.2	+0.01 pp	2 q
GEOThe GEO Group, Inc.	0.02%	97,232	$749,000	new	+0.02 pp	new
HCAHCA Healthcare, Inc.	0.02%	5,191	$954,000	trimmed−5%	0.00 pp	3 q
HRLHormel Foods Corporation	0.02%	23,718	$1M	trimmed−10%	−0.01 pp	3 q
JBLJabil Inc.	0.02%	13,886	$801,000	new	+0.02 pp	new
KDPKeurig Dr Pepper Inc.	0.02%	26,705	$957,000	trimmed−26%	−0.01 pp	3 q
LZBLa-Z-Boy Incorporated	0.02%	42,961	$970,000	added+56%	0.00 pp	3 q
MXLMaxLinear, Inc.	0.02%	31,183	$1M	added+70%	0.00 pp	2 q
MDLZMondelez International, Inc. Class A	0.02%	12,603	$691,000	added+58%	+0.01 pp	2 q
MUSAMurphy USA Inc.	0.02%	3,479	$956,000	added+69%	+0.01 pp	4 q
PBHPrestige Consumer Healthcare Inc.	0.02%	17,200	$857,000	trimmed−10%	−0.01 pp	3 q
RHIRobert Half Inc.	0.02%	11,827	$905,000	added×2.3	+0.01 pp	2 q
SHOPShopify Inc. Class A subordinate voting shares	0.02%	27,087	$730,000	added×2.7	+0.01 pp	2 q
VRTVertiv Holdings Co Class A	0.02%	85,051	$827,000	added+69%	+0.01 pp	3 q
WSMWilliams-Sonoma, Inc.	0.02%	5,924	$698,000	new	+0.02 pp	new
LOGILogitech International SA	0.02%	22,179	$1M	added+67%	0.00 pp	3 q
AMNAMN Healthcare Services	0.01%	3,264	$346,000	new	+0.01 pp	new
ABCLAbCellera Biologics Inc.	0.01%	22,453	$222,000	new	+0.01 pp	new
ABMDAbiomed Inc	0.01%	1,007	$247,000	new	+0.01 pp	new
AIYActivision Blizzard Inc	0.01%	3,229	$240,000	new	+0.01 pp	new
AJRDAerojet Rocketdyne Holdings, Inc.	0.01%	5,615	$225,000	new	+0.01 pp	new
ALLYAlly Financial Inc.	0.01%	10,582	$294,000	new	+0.01 pp	new
GOOGLAlphabet Inc. Class A	0.01%	4,794	$459,000	trimmed−39%	−0.01 pp	7 q
UHALU-Haul Holding Company	0.01%	451	$230,000	new	+0.01 pp	new
BUDAnheuser-Busch INBEV SA/NV	0.01%	10,092	$456,000	new	+0.01 pp	new
ELVElevance Health, Inc.	0.01%	544	$247,000	new	+0.01 pp	new
APAAPA Corporation	0.01%	9,524	$326,000	new	+0.01 pp	new
ARVNArvinas, Inc	0.01%	8,060	$359,000	new	+0.01 pp	new
ABGAsbury Automotive Group, Inc.	0.01%	1,816	$274,000	new	+0.01 pp	new
AZOAutoZone, Inc.	0.01%	112	$240,000	new	+0.01 pp	new
AVNSAvanos Medical, Inc.	0.01%	12,166	$265,000	new	+0.01 pp	new
ACLSAxcelis Technologies Inc	0.01%	7,338	$444,000	new	+0.01 pp	new
BBWIBath & Body Works, Inc.	0.01%	17,163	$560,000	trimmed−86%	−0.07 pp	2 q
BHCBausch Health Companies Inc	0.01%	40,298	$278,000	new	+0.01 pp	new
BIGGQBig Lots Inc	0.01%	25,451	$397,000	new	+0.01 pp	new
BJRIBJ's Restaurants, Inc.	0.01%	23,227	$554,000	added×2.1	0.00 pp	3 q
BXBlackstone Inc.	0.01%	4,221	$353,000	new	+0.01 pp	new
BKNGBooking Holdings Inc.	0.01%	200	$329,000	new	+0.01 pp	new
BOXBox, Inc.	0.01%	12,096	$295,000	new	+0.01 pp	new
BYDBoyd Gaming Corporation	0.01%	10,303	$491,000	new	+0.01 pp	new
AAMIAcadian Asset Management Inc.	0.01%	21,628	$322,000	new	+0.01 pp	new
BKDBrookdale Senior Living, Inc.	0.01%	68,400	$292,000	added×2.7	+0.01 pp	6 q
BF.BBrown-Forman Corporation Class B	0.01%	7,959	$530,000	added+2%	0.00 pp	3 q
BBWBuild-A-Bear Workshop, Inc.	0.01%	38,265	$510,000	added+9%	0.00 pp	2 q
BLDRBuilders FirstSource, Inc.	0.01%	6,571	$387,000	new	+0.01 pp	new
BURLBurlington Stores, Inc.	0.01%	3,027	$339,000	trimmed−88%	−0.08 pp	3 q
CFCF Industries Holding, Inc.	0.01%	4,457	$429,000	new	+0.01 pp	new
CDNSCadence Design Systems	0.01%	2,107	$344,000	new	+0.01 pp	new
CALCaleres Inc	0.01%	25,584	$620,000	trimmed−23%	−0.01 pp	3 q
CPBThe Campbell's Company	0.01%	7,583	$357,000	trimmed−48%	−0.01 pp	3 q
CNICanadian National Railway	0.01%	2,911	$314,000	new	+0.01 pp	new
CVECenovus Energy Inc.	0.01%	16,329	$251,000	new	+0.01 pp	new
CHSChicos FAS, Inc.	0.01%	98,672	$478,000	trimmed−25%	−0.01 pp	2 q
PLCEChildren's Place, Inc.	0.01%	12,892	$398,000	new	+0.01 pp	new
CTASCintas Corp	0.01%	638	$248,000	new	+0.01 pp	new
CCitigroup Inc.	0.01%	6,076	$253,000	new	+0.01 pp	new
CTRNCiti Trends, Inc.	0.01%	30,025	$466,000	new	+0.01 pp	new
COLLCollegium Pharmaceutical, Inc.	0.01%	14,732	$236,000	new	+0.01 pp	new
CVLTCommvault Systems, Inc.	0.01%	9,425	$500,000	trimmed−3%	−0.01 pp	7 q
CTVACorteva, Inc.	0.01%	4,578	$262,000	new	+0.01 pp	new
CRTOCriteo S.A.	0.01%	10,395	$281,000	new	+0.01 pp	new
CFRCullen/Frost Bankers Inc.	0.01%	1,705	$225,000	new	+0.01 pp	new
DXCDXC Technology Company	0.01%	15,221	$373,000	new	+0.01 pp	new
DRIDarden Restaurants, Inc.	0.01%	2,311	$292,000	new	+0.01 pp	new
DVADaVita Inc.	0.01%	2,750	$228,000	new	+0.01 pp	new
DSGXDescartes Systems Group Inc	0.01%	4,161	$264,000	new	+0.01 pp	new
DEODiageo plc	0.01%	3,363	$571,000	added+3%	0.00 pp	3 q
DGDollar General Corp.	0.01%	1,773	$425,000	trimmed−89%	−0.09 pp	2 q
DTDynatrace, Inc.	0.01%	10,831	$377,000	new	+0.01 pp	new
EBAYeBay Inc	0.01%	14,713	$542,000	new	+0.01 pp	new
EPCEdgewell Personal Care Company	0.01%	7,206	$270,000	trimmed−49%	0.00 pp	2 q
FBCFlagstar Bancorp, Inc. New	0.01%	8,070	$270,000	new	+0.01 pp	new
WOOFoot Locker Inc	0.01%	11,359	$354,000	trimmed−16%	0.00 pp	6 q
FOSLFossil Group, Inc.	0.01%	83,896	$287,000	new	+0.01 pp	new
FNVFranco-Nevada Corporation	0.01%	2,445	$292,000	new	+0.01 pp	new
FCXFreeport-McMoran Inc.	0.01%	13,591	$371,000	new	+0.01 pp	new
ITGartner, Inc.	0.01%	2,197	$608,000	new	+0.01 pp	new
GDDYGoDaddy Inc	0.01%	3,782	$268,000	new	+0.01 pp	new
GTEGran Tierra Energy Inc.	0.01%	194,013	$235,000	added×3.7	+0.01 pp	2 q
LOPEGrand Canyon Education, Inc	0.01%	3,116	$256,000	new	+0.01 pp	new
GDOTGreen Dot Corporation	0.01%	16,141	$306,000	new	+0.01 pp	new
GU9Guess? Inc	0.01%	24,843	$364,000	trimmed−52%	−0.01 pp	2 q
HOGHarley-Davidson, Inc.	0.01%	12,640	$441,000	new	+0.01 pp	new
HDHome Depot, Inc.	0.01%	912	$252,000	trimmed−84%	−0.03 pp	2 q
HUBSHubspot, Inc.	0.01%	1,090	$294,000	new	+0.01 pp	new
HBMHudbay Minerals Inc.	0.01%	86,189	$347,000	new	+0.01 pp	new
IPGPIPG Photonics Corporation	0.01%	2,730	$230,000	new	+0.01 pp	new
IDXXIdexx Laboratories Inc	0.01%	1,492	$486,000	new	+0.01 pp	new
INTCIntel Corp	0.01%	12,640	$326,000	new	+0.01 pp	new
ISRGIntuitive Surgical Inc.	0.01%	2,202	$413,000	new	+0.01 pp	new
IQVIQVIA Holdings Inc.	0.01%	3,051	$553,000	trimmed−2%	−0.01 pp	3 q
JJSFJ&J Snack Foods Corp	0.01%	2,035	$263,000	new	+0.01 pp	new
LNTHLantheus Holdings, Inc	0.01%	3,323	$234,000	new	+0.01 pp	new
LIILennox International Inc.	0.01%	999	$222,000	new	+0.01 pp	new
LSPDLightspeed Commerce Inc.	0.01%	30,277	$532,000	added×3.1	0.00 pp	2 q
RAMPLiveRamp Holdings, Inc.	0.01%	18,497	$336,000	new	+0.01 pp	new
MSCIMSCI, Inc.	0.01%	587	$248,000	new	+0.01 pp	new
MMacy's Inc.	0.01%	24,183	$379,000	new	+0.01 pp	new
MANHManhattan Associates Inc	0.01%	1,813	$241,000	trimmed−84%	−0.02 pp	8 q
MROMarathon Oil Corporation	0.01%	24,025	$542,000	new	+0.01 pp	new
MRKMerck & Co., Inc.	0.01%	2,619	$226,000	new	+0.01 pp	new
MMSIMerit Medical Systems Inc	0.01%	5,101	$288,000	new	+0.01 pp	new
MTDMettler-Toledo International	0.01%	232	$252,000	new	+0.01 pp	new
MUMicron Technology, Inc.	0.01%	5,981	$300,000	new	+0.01 pp	new
MOHMolina Healthcare, Inc.	0.01%	960	$317,000	new	+0.01 pp	new
unresolvedMomentive Global Inc	0.01%	53,526	$311,000	new	+0.01 pp	new
MPWRMonolithic Power Systems, Inc.	0.01%	660	$240,000	new	+0.01 pp	new
MOSThe Mosaic Company	0.01%	4,946	$239,000	new	+0.01 pp	new
COOPMr. Cooper Group Inc.	0.01%	6,027	$244,000	new	+0.01 pp	new
NWGNatWest Group plc	0.01%	49,214	$246,000	new	+0.01 pp	new
NNINelnet, Inc. Class A	0.01%	3,086	$244,000	new	+0.01 pp	new
NEWRNew Relic, Inc.	0.01%	3,945	$226,000	new	+0.01 pp	new
NXSTNexstar Media Group, Inc.	0.01%	1,487	$248,000	new	+0.01 pp	new
NVONovo-Nordisk A/S	0.01%	2,475	$247,000	new	+0.01 pp	new
NUENucor Corporation	0.01%	2,631	$281,000	new	+0.01 pp	new
OIO-I Glass, Inc.	0.01%	28,372	$367,000	new	+0.01 pp	new
OMFOneMain Holdings, Inc.	0.01%	9,635	$284,000	new	+0.01 pp	new
PBFPbf Energy Inc.	0.01%	6,401	$225,000	trimmed−63%	0.00 pp	3 q
PAYCPaycom Software, Inc.	0.01%	846	$279,000	new	+0.01 pp	new
PFSIPennyMac Financial Services, Inc.	0.01%	5,595	$240,000	new	+0.01 pp	new
PEPPepsiCo, Inc.	0.01%	2,796	$456,000	trimmed−20%	0.00 pp	3 q
PLNTPlanet Fitness, Inc.	0.01%	5,083	$293,000	new	+0.01 pp	new
PLTKPlaytika Holding Corp.	0.01%	27,503	$258,000	new	+0.01 pp	new
PRIPrimerica, Inc.	0.01%	3,977	$491,000	new	+0.01 pp	new
PEverpure, Inc.	0.01%	11,893	$326,000	new	+0.01 pp	new
QRVOQorvo, Inc.	0.01%	3,820	$303,000	new	+0.01 pp	new
QLYSQualys, Inc.	0.01%	1,671	$233,000	new	+0.01 pp	new
RHRh	0.01%	1,220	$300,000	trimmed−93%	−0.08 pp	3 q
RLRalph Lauren Corporation	0.01%	3,213	$273,000	new	+0.01 pp	new
RBARB Global, Inc.	0.01%	4,727	$295,000	new	+0.01 pp	new
RUTHRuth's Hospitality Group, Inc.	0.01%	28,792	$485,000	new	+0.01 pp	new
RRyder System, Inc.	0.01%	3,506	$265,000	new	+0.01 pp	new
SSRMSSR Mining Inc.	0.01%	16,148	$238,000	new	+0.01 pp	new
LNWOLight & Wonder Inc	0.01%	11,291	$484,000	new	+0.01 pp	new
SWSmurfit Westrock plc	0.01%	20,464	$623,000	new	+0.01 pp	new
SBGISinclair, Inc. Class A	0.01%	12,869	$233,000	new	+0.01 pp	new
SQMSociedad Quimica y Minera de Chile SA	0.01%	2,494	$226,000	new	+0.01 pp	new
LUVSouthwest Airlines Co.	0.01%	18,054	$557,000	new	+0.01 pp	new
SPLKSplunk Inc	0.01%	3,801	$286,000	new	+0.01 pp	new
GJBSteelcase Inc-cl A	0.01%	93,170	$607,000	trimmed−21%	−0.02 pp	3 q
SUSuncor Energy, Inc.	0.01%	8,678	$244,000	new	+0.01 pp	new
SUPNSupernus Pharmaceuticals, Inc.	0.01%	8,886	$301,000	new	+0.01 pp	new
SYNASynaptics Inc	0.01%	6,614	$655,000	added×2.7	0.00 pp	2 q
SYFSynchrony Financial	0.01%	10,738	$303,000	new	+0.01 pp	new
TPRTapestry, Inc.	0.01%	9,638	$274,000	new	+0.01 pp	new
TECKTeck Resources Limited	0.01%	10,437	$317,000	new	+0.01 pp	new
TGNATEGNA Inc.	0.01%	12,432	$257,000	new	+0.01 pp	new
THCTenet Healthcare Corporation New	0.01%	7,031	$363,000	new	+0.01 pp	new
TDCTeradata Corporation	0.01%	17,860	$555,000	new	+0.01 pp	new
ODPNOdp CORP/THE	0.01%	10,096	$355,000	new	+0.01 pp	new
TNLTravel + Leisure Co.	0.01%	12,565	$429,000	new	+0.01 pp	new
TNETTrinet Group, Inc.	0.01%	4,023	$287,000	new	+0.01 pp	new
UAAUnder Armour, Inc.	0.01%	91,065	$606,000	trimmed−79%	−0.08 pp	7 q
URIUnited Rentals, Inc.	0.01%	1,365	$369,000	new	+0.01 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	465	$235,000	new	+0.01 pp	new
VEEVVeeva Systems Inc.	0.01%	3,183	$525,000	new	+0.01 pp	new
WMTWalmart Inc.	0.01%	3,286	$426,000	new	+0.01 pp	new
WFGWest Fraser Timber Co. Ltd	0.01%	3,454	$250,000	new	+0.01 pp	new
WUThe Western Union Company	0.01%	18,932	$256,000	new	+0.01 pp	new
WEXWEX Inc.	0.01%	2,237	$284,000	new	+0.01 pp	new
ZBRAZebra Technologies Corporation	0.01%	2,344	$614,000	new	+0.01 pp	new
ZENZendesk Inc	0.01%	3,379	$257,000	new	+0.01 pp	new
IVZInvesco LTD	0.01%	35,092	$481,000	new	+0.01 pp	new
LBTYKLiberty Global Ltd. Class C	0.01%	14,258	$235,000	new	+0.01 pp	new
NLSNNielsen Holdings PLC	0.01%	20,328	$563,000	new	+0.01 pp	new
STSensata Technologies Holding plc	0.01%	13,555	$505,000	new	+0.01 pp	new
AGROAdecoagro S.a.	0.01%	26,776	$222,000	new	+0.01 pp	new
TSEMTower Semiconductor Ltd	0.01%	5,881	$258,000	new	+0.01 pp	new
RACEFerrari N.V.	0.01%	1,384	$256,000	new	+0.01 pp	new
PL0Playa Hotels & Resorts NV	0.01%	45,661	$266,000	added×3.4	+0.01 pp	2 q
AAWWAtlas Air Worldwide Holdings, Inc.	0.00%	2,124	$203,000	new	0.00 pp	new
unresolvedAurora Cannabis Inc	0.00%	44,858	$55,000	new	0.00 pp	new
ANAutoNation, Inc.	0.00%	1,977	$201,000	new	0.00 pp	new
WRBW.R. Berkley Corporation	0.00%	3,137	$203,000	new	0.00 pp	new
CNOCNO Financial Group, Inc.	0.00%	10,856	$195,000	new	0.00 pp	new
CNXCNX Resources Corporation	0.00%	11,890	$185,000	new	0.00 pp	new
CRCCalifornia Resources Corporation	0.00%	5,652	$217,000	new	0.00 pp	new
unresolvedCanopy Growth Corp	0.00%	38,242	$104,000	new	0.00 pp	new
CASYCasey's General Stores Inc	0.00%	996	$202,000	trimmed−96%	−0.11 pp	3 q
CPRTCopart Inc	0.00%	2,005	$213,000	new	0.00 pp	new
COTYCoty Inc	0.00%	31,438	$199,000	new	0.00 pp	new
FLRFluor Corporation	0.00%	8,668	$216,000	new	0.00 pp	new
GPROGoPro, Inc.	0.00%	29,599	$146,000	new	0.00 pp	new
GWREGuidewire Software, Inc.	0.00%	3,264	$201,000	new	0.00 pp	new
HUNHuntsman Corporation	0.00%	8,822	$216,000	new	0.00 pp	new
KOSKosmos Energy Ltd.	0.00%	33,264	$172,000	new	0.00 pp	new
unresolvedLeslies Inc	0.00%	12,323	$181,000	new	0.00 pp	new
LYVLive Nation Entertainment Inc.	0.00%	2,838	$216,000	new	0.00 pp	new
MTGMGIC Investment Corp.	0.00%	14,396	$185,000	new	0.00 pp	new
MATMattel, Inc.	0.00%	10,815	$205,000	new	0.00 pp	new
MERCMercer International Inc	0.00%	17,642	$217,000	new	0.00 pp	new
MURMurphy Oil Corp.	0.00%	5,950	$209,000	new	0.00 pp	new
NSCNorfolk Southern Corp.	0.00%	954	$200,000	new	0.00 pp	new
ONON Semiconductor Corp	0.00%	3,320	$207,000	new	0.00 pp	new
NXHNeighborhood Intelligence, Inc.	0.00%	8,474	$206,000	new	0.00 pp	new
PMPhilip Morris International Inc.	0.00%	2,485	$206,000	new	0.00 pp	new
POSTPost Holdings, Inc.	0.00%	2,475	$203,000	new	0.00 pp	new
unresolvedQurate Retail Inc	0.00%	67,902	$136,000	added×5.5	0.00 pp	2 q
QSRRestaurant Brands International Inc.	0.00%	3,981	$212,000	new	0.00 pp	new
RADNRite Aid Corp	0.00%	21,742	$108,000	new	0.00 pp	new
SLMSLM Corporation	0.00%	12,578	$176,000	new	0.00 pp	new
SAVEQSpirit Airlines, Inc.	0.00%	11,010	$207,000	trimmed−73%	−0.02 pp	3 q
TRGPTarga Resources Corp.	0.00%	3,455	$208,000	new	0.00 pp	new
VRSNVeriSign Inc	0.00%	1,222	$212,000	new	0.00 pp	new
CSTMConstellium SE Class A	0.00%	11,923	$121,000	new	0.00 pp	new
ALLEAllegion Public Limited Company	0.00%	2,300	$206,000	new	0.00 pp	new
JWSWFJaws Mustang Acq Corp Wts	0.00%	624,998	$62,000	held	—	6 q
unresolvedPopulation Health Invs Co In	0.00%	395,086	$10,000	held	—	7 q
RIGTransocean LTD.	0.00%	40,641	$100,000	new	0.00 pp	new
LPLALPL Financial Holdings Inc.	—	−201,371	—	exited	−0.93 pp	—
unresolvedCano Health Inc	—	−8,350,000	—	exited	−0.92 pp	—
MTCHMatch Group, Inc	—	−229,611	—	exited	−0.40 pp	—
ISIronsource Ltd-a	—	−6,000,000	—	exited	−0.36 pp	—
NKTRNektar Therapeutics	—	−3,218,382	—	exited	−0.31 pp	—
HCPHashiCorp, Inc. Class A	—	−325,000	—	exited	−0.24 pp	—
SGFYSignify Health, Inc.	—	−500,000	—	exited	−0.17 pp	—
COSTCostco Wholesale Corp	—	−10,963	—	exited	−0.13 pp	—
WIXWIX.com Ltd.	—	−79,876	—	exited	−0.13 pp	—
JWNNordstrom, Inc.	—	−207,873	—	exited	−0.11 pp	—
CMGChipotle Mexican Grill, Inc.	—	−2,866	—	exited	−0.09 pp	—
INNVInnovAge Holding Corp.	—	−862,952	—	exited	−0.09 pp	—
AAPLApple Inc.	—	−24,020	—	exited	−0.08 pp	—
FNDFloor & Decor Holdings, Inc.	—	−39,753	—	exited	−0.06 pp	—
GPCGenuine Parts Company	—	−18,348	—	exited	−0.06 pp	—
SFMSprouts Farmers Market, Inc.	—	−91,776	—	exited	−0.06 pp	—
TAT&T Inc.	—	−92,379	—	exited	−0.05 pp	—
MNROMonro, Inc.	—	−48,174	—	exited	−0.05 pp	—
SBUXStarbucks Corp	—	−28,665	—	exited	−0.05 pp	—
ADBEAdobe Inc.	—	−3,896	—	exited	−0.04 pp	—
PGProcter & Gamble Company	—	−10,122	—	exited	−0.04 pp	—
WHRWhirlpool Corp.	—	−9,352	—	exited	−0.04 pp	—
WWayfair Inc.	—	−30,514	—	exited	−0.03 pp	—
WENThe Wendy's Company	—	−61,460	—	exited	−0.03 pp	—
ETNEaton Corporation, plc	—	−9,581	—	exited	−0.03 pp	—
ETDEthan Allen Interiors Inc	—	−30,942	—	exited	−0.02 pp	—
XOMExxon Mobil Corp	—	−8,414	—	exited	−0.02 pp	—
NYTNew York Times Co.	—	−23,890	—	exited	−0.02 pp	—
UALUnited Airlines Holdings, Inc.	—	−20,576	—	exited	−0.02 pp	—
GRMNGarmin Ltd	—	−6,523	—	exited	−0.02 pp	—
BLBlackLine, Inc.	—	−4,497	—	exited	−0.01 pp	—
EATBrinker International, Inc.	—	−25,556	—	exited	−0.01 pp	—
CIThe Cigna Group	—	−1,556	—	exited	−0.01 pp	—
PRTSCarParts.com, Inc.	—	−63,069	—	exited	−0.01 pp	—
unresolvedExpress Inc	—	−182,738	—	exited	−0.01 pp	—
FIZZNational Beverage Corp.	—	−8,690	—	exited	−0.01 pp	—
FLWS1-800-FLOWERS.COM Inc	—	−53,913	—	exited	−0.01 pp	—
SWKSSkyworks Solutions Inc	—	−3,378	—	exited	−0.01 pp	—
SNASnap-on Incorporated	—	−1,112	—	exited	−0.01 pp	—
8INSyneos Health, Inc. Class A	—	−7,099	—	exited	−0.01 pp	—
MMM3M Company	—	−3,257	—	exited	−0.01 pp	—
WBDWarner Bros. Discovery, Inc. Series A	—	−33,828	—	exited	−0.01 pp	—
YUMYum! Brands, Inc.	—	−1,952	—	exited	−0.01 pp	—
CPRICapri Holdings Limited	—	−12,756	—	exited	−0.01 pp	—
FVRRFiverr International Ltd.	—	−7,884	—	exited	−0.01 pp	—
SMMCSouth Mountain Merger Corp. Class A	—	−19,240	—	exited	0.00 pp	—
HLHecla Mining Company	—	−12,494	—	exited	0.00 pp	—
LYFTLyft, Inc. Class A	—	−13,323	—	exited	0.00 pp	—
unresolvedNatwest Group PLC	—	−15,560	—	exited	0.00 pp	—
RRGBRed Robin Gourmet Burgers Inc	—	−24,282	—	exited	0.00 pp	—
WW6Willis Towers Watson Public Limited Company	—	−11,700	—	exited	0.00 pp	—