Maverick Capital

Q1 2025 13F · by Ben Silver, CIO

As of: Mar 31, 2025
Filed: May 15, 2025
US stock: $5.6B · prev $5.6B
Positions: 232 · prev 224
Options notional: $105M
Documents: 1· no amendments

Picture98.1% US stock

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

US stock listed on a US exchange 98.1%
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 1.9%

Moves298 since the prior filing

+33.5 pp in · −32.2 pp out

New 76 +28.38 pp
Added 116 +5.12 pp
Trimmed 35 −13.10 pp
Exited 68 −19.06 pp

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

The book

Focused · behaves like 38 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 137% a year, about 0.7 years per position

Low
Moderate
High

Top 5 positions25% of US stock

AMZN Amazon.Com Inc added−0.27 pp added−0.276.7%
NVDA Nvidia Corp added+0.41 pp added+0.415.5%
PM Philip Morris International Inc. trimmed−0.21 pp trimmed−0.214.4%
TSM Taiwan Semiconductor Manufacturing Company Ltd. added−0.05 pp added−0.054.4%
NTRA Natera, Inc. added+0.26 pp added+0.264.2%

Positions232 in this filing · 68 exited


AMZNAmazon.Com Inc	6.69%	1,952,564	$371M	added+11%	−0.27 pp	21 q
NVDANvidia Corp	5.53%	2,830,399	$307M	added+34%	+0.41 pp	9 q
PMPhilip Morris International Inc.	4.39%	1,534,546	$244M	trimmed−28%	−0.21 pp	8 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	4.36%	1,458,136	$242M	added+18%	−0.05 pp	9 q
NTRANatera, Inc.	4.16%	1,634,769	$231M	added+20%	+0.26 pp	5 q
GFLGFL Environmental Inc. Subordinate Voting Shares	3.74%	4,301,966	$208M	added+14%	+0.71 pp	5 q
KVUEKenvue Inc.	3.66%	8,466,901	$203M	new	+3.66 pp	new
NUNu Holdings Ltd.	3.08%	16,693,910	$171M	added+36%	+0.79 pp	9 q
MSFTMicrosoft Corp	2.82%	416,497	$156M	trimmed−33%	−1.92 pp	31 q
BACBank of America Corporation	2.74%	3,644,820	$152M	new	+2.74 pp	new
DHRDanaher Corporation	2.58%	698,740	$143M	new	+2.58 pp	new
MMSIMerit Medical Systems Inc	2.42%	1,272,511	$135M	new	+2.42 pp	new
SWXSouthwest Gas Holdings, Inc.	2.36%	1,826,557	$131M	added+1%	+0.05 pp	6 q
MIRMirion Technologies, Inc.	2.10%	8,056,109	$117M	added+30%	+0.16 pp	5 q
VRNAVerona Pharma plc	2.04%	1,783,498	$113M	trimmed−43%	−0.58 pp	6 q
SCHWThe Charles Schwab Corporation	2.01%	1,425,125	$112M	new	+2.01 pp	new
LULUlululemon athletica inc.	1.90%	372,305	$105M	added+17%	−0.29 pp	3 q
LPLALPL Financial Holdings Inc.	1.89%	320,780	$105M	trimmed−45%	−1.57 pp	6 q
MNSTMonster Beverage Corporation	1.84%	1,748,676	$102M	trimmed−12%	−0.05 pp	2 q
METAMeta Platforms, Inc. Class A	1.81%	174,390	$101M	new	+1.81 pp	new
CCLCarnival Corporation Ltd.	1.64%	4,652,807	$91M	trimmed−15%	−0.83 pp	2 q
SNOWSnowflake Inc.	1.55%	586,996	$86M	added+40%	+0.38 pp	2 q
COFCapital One Financial	1.53%	475,030	$85M	new	+1.53 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.39%	146,918	$77M	new	+1.39 pp	new
CARTMaplebear Inc.	1.30%	1,807,975	$72M	trimmed−8%	−0.16 pp	6 q
MUMicron Technology, Inc.	1.27%	809,170	$70M	added×25.2	+1.22 pp	11 q
DLTRDollar Tree Inc.	1.26%	930,997	$70M	new	+1.26 pp	new
PRMBPrimo Brands Corporation	1.24%	1,940,075	$69M	new	+1.24 pp	new
ACHCAcadia Healthcare Company, Inc.	1.23%	2,246,923	$68M	added×2.2	+0.49 pp	2 q
DASHDoorDash, Inc. Class A	1.22%	370,650	$68M	trimmed−49%	−1.00 pp	9 q
WVEWave Life Sciences Ltd.	1.20%	8,261,683	$67M	added0%	−0.64 pp	17 q
DFSDiscover Financial Services	1.16%	378,176	$65M	added×174.8	+1.15 pp	2 q
SJMThe J.M. Smucker Company	1.16%	541,551	$64M	new	+1.16 pp	new
SGISomnigroup International Inc.	1.12%	1,040,618	$62M	trimmed−19%	−0.18 pp	5 q
ALABAstera Labs, Inc.	1.11%	1,032,441	$62M	held	—	5 q
GAPThe Gap, Inc.	1.03%	2,761,896	$57M	added×20.7	+0.97 pp	2 q
NFLXNetFlix Inc	0.98%	58,329	$54M	added+13%	+0.15 pp	6 q
LRCXLam Research Corp	0.91%	695,449	$51M	added0%	+0.01 pp	37 q
FLUTFlutter Entertainment plc	0.91%	228,756	$51M	trimmed−5%	−0.21 pp	4 q
CSCOCisco Systems, Inc. (DE)	0.87%	784,698	$48M	new	+0.87 pp	new
CPNGCoupang, Inc.	0.86%	2,179,195	$48M	trimmed−47%	−0.76 pp	17 q
PCVXVaxcyte, Inc.	0.82%	1,208,093	$46M	added+1%	−0.95 pp	5 q
MELIMercado Libre, Inc	0.66%	18,924	$37M	added+12%	+0.14 pp	17 q
RCKTRocket Pharmaceuticals, Inc.	0.62%	5,199,218	$35M	added0%	−0.56 pp	16 q
CRWVCoreWeave, Inc. Class A	0.58%	861,816	$32M	new	+0.58 pp	new
INSMInsmed, Inc.	0.58%	425,125	$32M	new	+0.58 pp	new
TECHBio-Techne Corp.	0.55%	522,897	$31M	new	+0.55 pp	new
VRDNViridian Therapeutics, Inc.	0.50%	2,061,274	$28M	added0%	−0.21 pp	6 q
MDBMongoDB, Inc. Class A	0.49%	154,872	$27M	new	+0.49 pp	new
SWTXSpringworks Therapeutics Inc	0.37%	463,832	$20M	trimmed−84%	−1.51 pp	7 q
RTORentokil Initial plc	0.36%	870,105	$20M	added+5%	−0.02 pp	3 q
SAILSailPoint, Inc.	0.33%	966,050	$18M	new	+0.33 pp	new
DPZDomino's Pizza Inc.	0.21%	25,349	$12M	new	+0.21 pp	new
HDBHDFC Bank Limited	0.21%	175,390	$12M	added+21%	+0.04 pp	3 q
DRIDarden Restaurants, Inc.	0.20%	52,260	$11M	added×2.5	+0.13 pp	3 q
NAMSNewAmsterdam Pharma Company N.V.	0.20%	549,469	$11M	added+57%	+0.04 pp	2 q
COSTCostco Wholesale Corp	0.19%	11,415	$11M	added×4.7	+0.15 pp	3 q
FUNSix Flags Entertainment Corporation	0.17%	257,325	$9M	added×2.1	+0.06 pp	3 q
URBNUrban Outfitters Inc	0.16%	171,216	$9M	trimmed−3%	−0.01 pp	4 q
CRICarter's Inc.	0.15%	198,001	$8M	new	+0.15 pp	new
OLLIOllie's Bargain Outlet Holdings, Inc.	0.15%	69,933	$8M	new	+0.15 pp	new
SFMSprouts Farmers Market, Inc.	0.15%	54,647	$8M	new	+0.15 pp	new
EATBrinker International, Inc.	0.14%	50,345	$8M	trimmed−26%	−0.02 pp	5 q
GPCGenuine Parts Company	0.14%	66,432	$8M	new	+0.14 pp	new
IVVDInvivyd, Inc.	0.12%	10,958,572	$7M	trimmed−7%	+0.03 pp	9 q
ABNBAirbnb, Inc. Class A	0.12%	55,392	$7M	new	+0.12 pp	new
BBYBest Buy Company, Inc.	0.12%	88,633	$7M	added+59%	+0.03 pp	3 q
CHWYChewy, Inc.	0.12%	200,849	$7M	added×3.4	+0.08 pp	5 q
FIVEFive Below, Inc.	0.12%	90,021	$7M	new	+0.12 pp	new
TTANServiceTitan, Inc. Class A	0.12%	71,463	$7M	held	—	2 q
SGSweetgreen, Inc.	0.12%	256,812	$6M	new	+0.12 pp	new
ANFAbercrombie & Fitch Co.	0.11%	80,902	$6M	added×3.0	+0.04 pp	5 q
ANAutoNation, Inc.	0.11%	38,685	$6M	new	+0.11 pp	new
BOOTBoot Barn Holdings, Inc.	0.11%	55,192	$6M	new	+0.11 pp	new
KMXCarMax Inc.	0.11%	79,042	$6M	new	+0.11 pp	new
CAVACAVA Group, Inc.	0.10%	61,942	$5M	new	+0.10 pp	new
FNDFloor & Decor Holdings, Inc.	0.10%	66,108	$5M	new	+0.10 pp	new
GTGoodyear Tire & Rubber	0.10%	609,752	$6M	new	+0.10 pp	new
CPRICapri Holdings Limited	0.10%	277,746	$5M	added×8.9	+0.09 pp	3 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.10%	287,337	$5M	added×2.8	+0.05 pp	4 q
DKSDick's Sporting Goods, Inc.	0.09%	24,746	$5M	new	+0.09 pp	new
GUTSFractyl Health, Inc.	0.09%	4,248,492	$5M	held	—	5 q
PRKSUnited Parks & Resorts Inc.	0.09%	106,004	$5M	added+86%	+0.03 pp	2 q
WRBYWarby Parker Inc.	0.09%	276,274	$5M	new	+0.09 pp	new
AZOAutoZone, Inc.	0.08%	1,133	$4M	new	+0.08 pp	new
MNROMonro, Inc.	0.08%	302,626	$4M	new	+0.08 pp	new
UAAUnder Armour, Inc.	0.08%	734,831	$5M	added×12.0	+0.07 pp	3 q
BLMNBloomin' Brands, Inc.	0.07%	528,309	$4M	new	+0.07 pp	new
VVVValvoline Inc.	0.07%	116,466	$4M	added+59%	+0.02 pp	4 q
BJBJs Wholesale Club Holdings, Inc.	0.06%	28,802	$3M	new	+0.06 pp	new
DINDine Brands Global, Inc.	0.06%	154,783	$4M	new	+0.06 pp	new
EBAYeBay Inc	0.06%	47,952	$3M	new	+0.06 pp	new
EXPEExpedia Group, Inc.	0.06%	18,291	$3M	new	+0.06 pp	new
MEDPMedpace Holdings, Inc.	0.06%	10,228	$3M	new	+0.06 pp	new
LUVSouthwest Airlines Co.	0.05%	84,787	$3M	new	+0.05 pp	new
ONONOn Holding AG	0.05%	57,710	$3M	new	+0.05 pp	new
AMDAdvanced Micro Devices	0.04%	19,651	$2M	trimmed−4%	0.00 pp	8 q
HRBH&R Block, Inc.	0.04%	37,265	$2M	new	+0.04 pp	new
BROSDutch Bros Inc.	0.04%	31,633	$2M	added+6%	+0.01 pp	3 q
JBLJabil Inc.	0.04%	14,993	$2M	added+5%	0.00 pp	11 q
NTAPNetApp, Inc	0.04%	22,923	$2M	added+25%	0.00 pp	4 q
NTNXNutanix, Inc. Class A	0.04%	28,736	$2M	new	+0.04 pp	new
TJXTJX Companies, Inc. (The)	0.04%	17,785	$2M	new	+0.04 pp	new
WWayfair Inc.	0.04%	67,216	$2M	new	+0.04 pp	new
WIXWIX.com Ltd.	0.04%	13,539	$2M	added×7.8	+0.03 pp	3 q
HPQHP Inc.	0.03%	68,967	$2M	trimmed−18%	−0.02 pp	7 q
KTBKontoor Brands, Inc.	0.03%	29,001	$2M	added×9.8	+0.03 pp	2 q
PYPLPayPal Holdings, Inc.	0.03%	24,334	$2M	added+26%	0.00 pp	4 q
UALUnited Airlines Holdings, Inc.	0.03%	25,323	$2M	added×2.3	+0.01 pp	2 q
ETNEaton Corporation, plc	0.03%	5,646	$2M	added+50%	+0.01 pp	4 q
SIGSignet Jewelers Limited	0.03%	32,981	$2M	new	+0.03 pp	new
CHKPCheck Point Software Technologies Ltd	0.03%	6,330	$1M	trimmed−32%	0.00 pp	2 q
ALLYAlly Financial Inc.	0.02%	25,826	$941,874	added×2.4	+0.01 pp	4 q
ATKRAtkore Inc.	0.02%	14,371	$862,116	new	+0.02 pp	new
AVDXAvidXchange Holdings, Inc.	0.02%	98,448	$834,839	new	+0.02 pp	new
AAMIAcadian Asset Management Inc.	0.02%	32,476	$839,829	added×2.8	+0.01 pp	2 q
BKEThe Buckle, Inc.	0.02%	34,134	$1M	added×2.8	+0.01 pp	3 q
BBWBuild-A-Bear Workshop, Inc.	0.02%	24,349	$905,052	trimmed−11%	0.00 pp	4 q
CAKECheesecake Factory (The)	0.02%	27,894	$1M	added×3.2	+0.01 pp	2 q
CXWCoreCivic, Inc.	0.02%	47,299	$959,697	added×2.6	+0.01 pp	2 q
CROXCrocs, Inc.	0.02%	12,808	$1M	trimmed−13%	−0.01 pp	5 q
CRISCuris Inc	0.02%	631,827	$1M	held	—	7 q
DBXDropbox, Inc. Class A	0.02%	31,942	$853,171	new	+0.02 pp	new
EMBJEmbraer S.A.	0.02%	20,495	$946,869	new	+0.02 pp	new
EMREmerson Electric Co.	0.02%	11,235	$1M	new	+0.02 pp	new
FCXFreeport-McMoran Inc.	0.02%	24,374	$922,800	added×2.4	+0.01 pp	3 q
GEOThe GEO Group, Inc.	0.02%	35,528	$1M	added×2.2	+0.01 pp	2 q
GXOGXO Logistics, Inc.	0.02%	23,351	$912,557	new	+0.02 pp	new
GRPNGroupon, Inc.	0.02%	47,123	$884,499	trimmed−72%	−0.02 pp	5 q
PPLIPeople Incorporated	0.02%	18,874	$867,072	added×2.1	+0.01 pp	2 q
JNPJuniper Networks Inc	0.02%	34,686	$1M	trimmed−40%	−0.02 pp	2 q
MHKMohawk Industries, Inc.	0.02%	8,308	$948,607	new	+0.02 pp	new
NWGNatWest Group plc	0.02%	72,055	$858,896	added×2.3	+0.01 pp	11 q
PTVEPactiv Evergreen Inc.	0.02%	52,643	$948,100	new	+0.02 pp	new
ROKURoku, Inc. Class A	0.02%	17,585	$1M	added+2%	0.00 pp	5 q
ROSTRoss Stores Inc	0.02%	8,083	$1M	new	+0.02 pp	new
SBUXStarbucks Corp	0.02%	13,674	$1M	trimmed−99%	−1.66 pp	7 q
THCTenet Healthcare Corporation New	0.02%	6,729	$905,051	added×2.4	+0.01 pp	4 q
UIUbiquiti Inc.	0.02%	4,169	$1M	new	+0.02 pp	new
ULTAUlta Beauty, Inc.	0.02%	3,747	$1M	trimmed−61%	−0.06 pp	2 q
GTMZoomInfo Technologies Inc	0.02%	95,561	$955,610	trimmed−98%	−0.79 pp	3 q
ZUMZZumiez Inc.	0.02%	63,126	$939,946	added+76%	+0.01 pp	3 q
PAGSPagSeguro Digital Ltd.	0.02%	131,416	$1M	new	+0.02 pp	new
TAT&T Inc.	0.01%	24,090	$681,265	new	+0.01 pp	new
AGIAlamos Gold Inc. Class A	0.01%	27,126	$725,349	added+85%	+0.01 pp	2 q
ALITAlight, Inc.	0.01%	110,164	$653,273	added×2.6	0.00 pp	3 q
ARAntero Resources Corporation	0.01%	18,278	$739,162	added+78%	0.00 pp	3 q
BJRIBJ's Restaurants, Inc.	0.01%	22,962	$786,678	trimmed−41%	−0.01 pp	3 q
BHFBrighthouse Financial, Inc.	0.01%	12,634	$732,646	added+86%	0.00 pp	2 q
BKDBrookdale Senior Living, Inc.	0.01%	108,647	$680,130	added×2.3	+0.01 pp	2 q
CZRCaesars Entertainment, Inc.	0.01%	26,975	$674,375	new	+0.01 pp	new
CPCanadian Pacific Kansas City Limited	0.01%	7,331	$514,710	added×2.3	+0.01 pp	3 q
CARGCarGurus, Inc. Class A	0.01%	21,920	$638,530	added×2.1	0.00 pp	5 q
CRBUCaribou Biosciences, Inc.	0.01%	652,542	$595,836	held	—	15 q
CVECenovus Energy Inc.	0.01%	33,869	$471,118	added×2.4	+0.01 pp	2 q
CIENCiena Corporation	0.01%	10,546	$637,295	added+98%	0.00 pp	4 q
CIVICivitas Resources, Inc.	0.01%	11,979	$417,947	added×2.1	+0.01 pp	2 q
CNRCore Natural Resources, Inc.	0.01%	6,952	$535,999	new	+0.01 pp	new
CCKCrown Holdings Inc.	0.01%	5,967	$532,614	new	+0.01 pp	new
DXCDXC Technology Company	0.01%	42,512	$724,830	added×2.4	0.00 pp	6 q
DVADaVita Inc.	0.01%	3,273	$500,671	added×2.2	+0.01 pp	5 q
DELLDell Technologies Inc.	0.01%	7,144	$651,176	trimmed−5%	−0.01 pp	5 q
EGOEldorado Gold Corporation	0.01%	47,294	$795,485	added×2.2	0.00 pp	4 q
ENREnergizer Holdings, Inc	0.01%	23,333	$698,123	new	+0.01 pp	new
EQHEquitable Holdings, Inc.	0.01%	14,185	$738,897	added+84%	0.00 pp	6 q
EROEro Copper Corp.	0.01%	66,510	$806,101	new	+0.01 pp	new
FLYWFlywire Corporation Voting	0.01%	38,574	$366,453	new	+0.01 pp	new
FFIVF5, Inc.	0.01%	2,129	$566,889	trimmed−80%	−0.04 pp	3 q
FHNFirst Horizon Corporation	0.01%	35,493	$689,274	added×2.2	0.00 pp	3 q
FTNTFortinet, Inc.	0.01%	3,382	$325,551	new	+0.01 pp	new
GTXGarrett Motion Inc.	0.01%	65,716	$550,043	added×2.1	0.00 pp	7 q
GDDYGoDaddy Inc	0.01%	3,994	$719,479	added×2.1	0.00 pp	11 q
GPREGreen Plains, Inc.	0.01%	73,526	$356,601	added×3.9	+0.01 pp	2 q
HASHasbro, Inc.	0.01%	11,543	$709,779	added×2.3	+0.01 pp	2 q
HUBSHubspot, Inc.	0.01%	975	$557,008	added+71%	0.00 pp	3 q
ILMNIllumina Inc	0.01%	9,351	$741,908	added×3.1	0.00 pp	5 q
LBRDKLiberty Broadband Corporation Class C	0.01%	7,886	$670,704	added×2.2	+0.01 pp	3 q
LLYVKLiberty Media Corp-liberty-c	0.01%	10,586	$721,330	added×2.0	0.00 pp	2 q
LYGLloyds Banking Group PLC	0.01%	198,538	$758,415	added+97%	+0.01 pp	3 q
SHOOSteven Madden Ltd	0.01%	30,114	$802,237	new	+0.01 pp	new
MSGEMadison Square Garden Entertainment Corp.	0.01%	18,003	$589,418	added×2.2	0.00 pp	4 q
MBCMasterBrand, Inc.	0.01%	40,293	$526,227	added×2.2	+0.01 pp	5 q
MTDMettler-Toledo International	0.01%	589	$695,556	added×2.1	0.00 pp	2 q
MCOMoody's Corporation	0.01%	1,366	$636,133	added×2.1	0.00 pp	3 q
COOPMr. Cooper Group Inc.	0.01%	6,629	$792,828	added×2.0	0.00 pp	5 q
VYXNCR Voyix Corporation	0.01%	71,414	$696,287	new	+0.01 pp	new
EYENational Vision Holdings, Inc.	0.01%	28,789	$367,923	trimmed−87%	−0.03 pp	2 q
NWSANews Corporation Class A	0.01%	21,415	$582,916	added×2.1	0.00 pp	2 q
OIO-I Glass, Inc.	0.01%	68,741	$788,459	added×2.3	0.00 pp	3 q
OVVOvintiv Inc.	0.01%	13,492	$577,458	added×2.4	+0.01 pp	2 q
PAASPan American Silver Corp.	0.01%	27,084	$699,580	new	+0.01 pp	new
BTUPeabody Energy Corporation	0.01%	32,435	$439,494	new	+0.01 pp	new
PEGAPegasystems Inc	0.01%	7,649	$531,758	added×2.5	0.00 pp	2 q
PFSIPennyMac Financial Services, Inc.	0.01%	8,073	$808,188	added×2.5	0.00 pp	6 q
PRMPerimeter Solutions, Inc.	0.01%	68,499	$689,785	added×2.3	0.00 pp	2 q
PINSPinterest, Inc. Class A	0.01%	23,081	$715,511	trimmed−99%	−0.81 pp	6 q
RPDRapid7, Inc.	0.01%	26,064	$690,957	added×2.8	0.00 pp	3 q
SPGIS&P Global Inc.	0.01%	1,198	$608,704	added×2.1	0.00 pp	3 q
SVVSavers Value Village, Inc.	0.01%	49,092	$338,735	added+80%	0.00 pp	3 q
SKAASkechers USA Inc-cl A	0.01%	12,121	$688,230	trimmed−81%	−0.07 pp	5 q
SNBRQSleep Number Corp	0.01%	69,649	$441,575	added+79%	0.00 pp	5 q
SONOSonos, Inc.	0.01%	57,783	$616,545	new	+0.01 pp	new
SUSuncor Energy, Inc.	0.01%	12,068	$467,273	new	+0.01 pp	new
SYFSynchrony Financial	0.01%	11,309	$598,698	added×2.5	0.00 pp	4 q
TECKTeck Resources Limited	0.01%	21,105	$768,855	added×2.3	0.00 pp	3 q
TEVATeva Pharmaceutical Industries Limited	0.01%	30,292	$465,588	added×2.1	0.00 pp	10 q
TRMBTrimble Inc.	0.01%	11,624	$763,116	added×2.0	0.00 pp	3 q
UBERUber Technologies, Inc.	0.01%	7,522	$548,053	trimmed−82%	−0.04 pp	2 q
XUnited States Steel Corp	0.01%	16,694	$705,488	added×2.2	+0.01 pp	3 q
WEDWebster Financial Corp	0.01%	15,889	$819,078	added×2.2	0.00 pp	5 q
WCCWesco International Inc.	0.01%	5,263	$817,344	new	+0.01 pp	new
WDCWestern Digital Corp.	0.01%	14,383	$581,505	trimmed−97%	−0.49 pp	3 q
AXTAAxalta Coating Systems Ltd.	0.01%	20,434	$677,796	added×2.4	0.00 pp	6 q
CLVTClarivate Plc	0.01%	140,095	$550,573	added×2.2	0.00 pp	9 q
CRHCRH Public Limited Company	0.01%	5,729	$503,980	added×2.4	+0.01 pp	3 q
ICLRIcon Plc	0.01%	4,301	$752,632	added×2.2	0.00 pp	2 q
BRSLBrightstar Lottery PLC	0.01%	43,669	$710,058	added×2.4	0.00 pp	2 q
WFRDWeatherford International plc	0.01%	12,334	$660,486	added×3.0	0.00 pp	3 q
LIVNLivaNova PLC	0.01%	15,813	$621,135	added×2.4	0.00 pp	2 q
LBTYKLiberty Global Ltd. Class C	0.01%	45,192	$540,948	added×3.1	+0.01 pp	2 q
STXSeagate Technology Holdings PLC (Ireland)	0.01%	5,713	$485,319	trimmed−76%	−0.03 pp	8 q
SDRLSeadrill Limited	0.01%	22,572	$564,300	added×2.9	0.00 pp	2 q
STSensata Technologies Holding plc	0.01%	21,258	$515,932	added×2.4	+0.01 pp	2 q
SNSharkNinja, Inc.	0.01%	5,947	$496,039	added+76%	0.00 pp	3 q
FTITechnipFMC plc	0.01%	17,746	$562,371	added×2.3	+0.01 pp	4 q
GLNGGolar LNG Ltd	0.01%	13,339	$506,749	added×2.3	+0.01 pp	2 q
AGROAdecoagro S.a.	0.01%	48,291	$539,410	added×2.6	+0.01 pp	2 q
TSEMTower Semiconductor Ltd	0.01%	17,299	$616,882	added×2.6	0.00 pp	5 q
ESTCElastic N.V.	0.01%	8,249	$734,986	new	+0.01 pp	new
IFSIntercorp Financial Services Inc.	0.01%	15,402	$510,268	new	+0.01 pp	new
FLEXFlex Ltd.	0.01%	18,683	$618,034	added×2.1	0.00 pp	2 q
EXTRExtreme Networks	0.00%	20,064	$265,447	trimmed−37%	−0.01 pp	2 q
WFCWells Fargo & Co.	—	−2,133,273	—	exited	−2.70 pp	—
VVISA Inc.	—	−426,998	—	exited	−2.43 pp	—
JLLJones Lang LaSalle, Inc.	—	−445,091	—	exited	−2.03 pp	—
APOApollo Global Management, Inc.	—	−561,604	—	exited	−1.67 pp	—
TWLOTwilio Inc.	—	−723,340	—	exited	−1.41 pp	—
CRMSalesforce, Inc.	—	−193,289	—	exited	−1.16 pp	—
WSCWillScot Holdings Corporation Class A	—	−1,741,065	—	exited	−1.05 pp	—
CNCCentene Corporation	—	−943,936	—	exited	−1.03 pp	—
CNKCinemark Holdings, Inc.	—	−1,556,398	—	exited	−0.87 pp	—
COHRCoherent Corp.	—	−498,408	—	exited	−0.85 pp	—
TSLATesla, Inc.	—	−87,654	—	exited	−0.64 pp	—
KKRKKR & Co. Inc.	—	−215,020	—	exited	−0.57 pp	—
WKWorkiva Inc.	—	−280,017	—	exited	−0.55 pp	—
SHAKShake Shack Inc.	—	−52,627	—	exited	−0.12 pp	—
AEOAmerican Eagle Outfitters	—	−377,105	—	exited	−0.11 pp	—
TPRTapestry, Inc.	—	−88,565	—	exited	−0.10 pp	—
RLRalph Lauren Corporation	—	−21,807	—	exited	−0.09 pp	—
HLTHilton Worldwide Holdings Inc.	—	−16,903	—	exited	−0.08 pp	—
LOWLowe's Companies Inc.	—	−18,127	—	exited	−0.08 pp	—
VSXYVictorias Secret & Co.	—	−105,937	—	exited	−0.08 pp	—
AALAmerican Airlines Group Inc.	—	−230,067	—	exited	−0.07 pp	—
NWLNewell Brands Inc.	—	−366,329	—	exited	−0.07 pp	—
JWNNordstrom, Inc.	—	−151,837	—	exited	−0.07 pp	—
QSRRestaurant Brands International Inc.	—	−58,710	—	exited	−0.07 pp	—
SAROStandardAero, Inc.	—	−158,217	—	exited	−0.07 pp	—
YUMYum! Brands, Inc.	—	−28,363	—	exited	−0.07 pp	—
CBRLCracker Barrel Old Country Store, Inc,.	—	−67,241	—	exited	−0.06 pp	—
LEVILevi Strauss & Co. Class A	—	−189,211	—	exited	−0.06 pp	—
RVLVRevolve Group, Inc.	—	−97,045	—	exited	−0.06 pp	—
CTRICenturi Holdings, Inc.	—	−149,981	—	exited	−0.05 pp	—
CMGChipotle Mexican Grill, Inc.	—	−41,520	—	exited	−0.05 pp	—
HDHome Depot, Inc.	—	−7,761	—	exited	−0.05 pp	—
ELThe Estee Lauder Companies Inc. Class A	—	−39,997	—	exited	−0.05 pp	—
MMacy's Inc.	—	−173,709	—	exited	−0.05 pp	—
PVHPVH Corp.	—	−27,795	—	exited	−0.05 pp	—
ZBRAZebra Technologies Corporation	—	−7,260	—	exited	−0.05 pp	—
AAPAdvance Auto Parts Inc	—	−47,205	—	exited	−0.04 pp	—
SBHSally Beauty Holdings, Inc.	—	−219,529	—	exited	−0.04 pp	—
GRMNGarmin Ltd	—	−9,825	—	exited	−0.04 pp	—
WOOFoot Locker Inc	—	−75,717	—	exited	−0.03 pp	—
HPEHewlett Packard Enterprise Company	—	−89,544	—	exited	−0.03 pp	—
SHOEShoe Station Group, Inc.	—	−43,614	—	exited	−0.03 pp	—
TXNTexas Instruments Incorporated	—	−10,022	—	exited	−0.03 pp	—
WSMWilliams-Sonoma, Inc.	—	−9,540	—	exited	−0.03 pp	—
ASOAcademy Sports and Outdoors, Inc.	—	−22,881	—	exited	−0.02 pp	—
BBWIBath & Body Works, Inc.	—	−31,621	—	exited	−0.02 pp	—
GCOGenesco Inc.	—	−26,053	—	exited	−0.02 pp	—
IPInternational Paper Co.	—	−18,601	—	exited	−0.02 pp	—
MCDMcDonald's Corporation	—	−4,639	—	exited	−0.02 pp	—
SHWThe Sherwin-Williams Company	—	−2,551	—	exited	−0.02 pp	—
TRWHTwin River Worldwide Holdings, Inc.	—	−20,685	—	exited	−0.01 pp	—
BGCBGC Group, Inc. Class A	—	−32,624	—	exited	−0.01 pp	—
CRWDCrowdStrike Holdings, Inc. Class A	—	−2,233	—	exited	−0.01 pp	—
ETDEthan Allen Interiors Inc	—	−15,096	—	exited	−0.01 pp	—
ETWOE2open Parent Holdings, Inc.	—	−133,638	—	exited	−0.01 pp	—
HCPHashiCorp, Inc. Class A	—	−12,202	—	exited	−0.01 pp	—
POOLPool Corporation	—	−1,025	—	exited	−0.01 pp	—
DESPDespegar.com Corp	—	−20,953	—	exited	−0.01 pp	—
96779EURExpro Group Holdings NV	—	−28,938	—	exited	−0.01 pp	—
PL0Playa Hotels & Resorts NV	—	−28,494	—	exited	−0.01 pp	—
DALDelta Air Lines, Inc.	—	−3,747	—	exited	0.00 pp	—
HESHess Corporation	—	−1,652	—	exited	0.00 pp	—
ITCIIntra-Cellular Therapies Inc.	—	−3,005	—	exited	0.00 pp	—
LZBLa-Z-Boy Incorporated	—	−6,078	—	exited	0.00 pp	—
ORCLOracle Corp	—	−1,661	—	exited	0.00 pp	—
TRIPTripAdvisor, Inc.	—	−12,723	—	exited	0.00 pp	—
GSMFerroglobe PLC	—	−58,335	—	exited	0.00 pp	—
AMBPArdagh Metal Packaging S.A.	—	−73,474	—	exited	0.00 pp	—