PRIMECAP

Q4 2017 13F · by Joel Fried, portfolio manager

As of: Dec 31, 2017
Filed: Feb 13, 2018
US stock: $130.3B · prev $120.8B
Positions: 286 · prev 279
Options notional: $0
Documents: 1· no amendments

Picture96.1% US stock

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

US stock listed on a US exchange 96.1%
Foreign stock not listed in the US 3.9%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves237 since the prior filing

+1.5 pp in · −1.5 pp out

New 14 +0.11 pp
Added 70 +1.41 pp
Trimmed 146 −1.52 pp
Exited 7 −0.02 pp

The book

Diversified · behaves like 64 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.0% a year, about 14.3 years per position

Low
Moderate
High

Top 5 positions17% of US stock

Positions286 in this filing · 7 exited


BIIBBiogen Inc.	3.69%	15,109,231	$4.8B	trimmed−1%	−0.25 pp	19 q
LLYEli Lilly & Co.	3.57%	55,152,577	$4.7B	trimmed−1%	−0.37 pp	19 q
LUVSouthwest Airlines Co.	3.54%	70,482,151	$4.6B	trimmed−1%	+0.25 pp	19 q
TXNTexas Instruments Incorporated	3.19%	39,823,818	$4.2B	trimmed−1%	+0.22 pp	19 q
ADBEAdobe Inc.	3.16%	23,468,731	$4.1B	trimmed−2%	+0.20 pp	19 q
FDXFedEx Corporation	2.96%	15,476,367	$3.9B	trimmed−1%	+0.05 pp	19 q
AMGNAmgen Inc	2.94%	22,030,249	$3.8B	trimmed−1%	−0.50 pp	19 q
MSFTMicrosoft Corp	2.94%	44,834,928	$3.8B	trimmed−3%	+0.10 pp	19 q
NVDANvidia Corp	2.07%	13,955,030	$2.7B	trimmed−5%	−0.10 pp	19 q
BABAAlibaba Group Holding Limited	2.04%	15,379,928	$2.7B	trimmed−0%	−0.17 pp	14 q
AALAmerican Airlines Group Inc.	2.03%	50,860,814	$2.6B	trimmed−0%	+0.02 pp	17 q
JPMJPMorgan Chase & Co.	1.92%	23,358,935	$2.5B	added0%	+0.07 pp	12 q
GOOGLAlphabet Inc. Class A	1.88%	2,327,241	$2.5B	trimmed−0%	0.00 pp	10 q
GOOGAlphabet Inc. Class C	1.85%	2,306,435	$2.4B	trimmed−0%	+0.01 pp	16 q
MUMicron Technology, Inc.	1.84%	58,390,611	$2.4B	trimmed−0%	−0.07 pp	19 q
unresolvedRoche Holding Ag-chf	1.70%	8,782,051	$2.2B	trimmed−3%	−0.22 pp	19 q
NTAPNetApp, Inc	1.70%	39,985,620	$2.2B	trimmed−1%	+0.24 pp	19 q
SONYSony Group Corporation	1.51%	43,645,800	$2.0B	trimmed−1%	+0.15 pp	19 q
unresolvedEads Industrial - Eur	1.42%	18,551,011	$1.8B	trimmed−0%	−0.05 pp	19 q
NVSNovartis AG	1.41%	21,890,624	$1.8B	trimmed−0%	−0.15 pp	19 q
UALUnited Airlines Holdings, Inc.	1.41%	27,283,552	$1.8B	added+22%	+0.29 pp	19 q
SCHWThe Charles Schwab Corporation	1.37%	34,768,270	$1.8B	trimmed−8%	+0.01 pp	19 q
AZNNAstrazeneca Plc-spons ADR	1.23%	46,012,634	$1.6B	added+6%	+0.01 pp	10 q
DALDelta Air Lines, Inc.	1.21%	28,080,724	$1.6B	added0%	+0.09 pp	19 q
CATCaterpillar Inc.	1.16%	9,578,329	$1.5B	trimmed−1%	+0.16 pp	19 q
HPEHewlett Packard Enterprise Company	1.07%	97,437,324	$1.4B	added+8%	−0.03 pp	9 q
CCLCarnival Corporation Ltd.	1.04%	20,510,209	$1.4B	trimmed−1%	−0.07 pp	19 q
HPQHP Inc.	1.02%	63,105,314	$1.3B	trimmed−0%	−0.03 pp	9 q
NKTRNektar Therapeutics	1.02%	22,357,522	$1.3B	trimmed−3%	+0.56 pp	19 q
KLACKLA Corporation	1.01%	12,530,456	$1.3B	trimmed−2%	−0.11 pp	19 q
unresolvedMonsanto Co	0.98%	10,918,379	$1.3B	trimmed−0%	−0.11 pp	19 q
ALKSAlkermes Inc. plc	0.92%	21,872,931	$1.2B	added+67%	+0.37 pp	7 q
RCLRoyal Caribbean Group	0.90%	9,884,996	$1.2B	trimmed−9%	−0.17 pp	19 q
LBBath & Body Works, Inc.	0.89%	19,243,035	$1.2B	trimmed−1%	+0.22 pp	19 q
WFCWells Fargo & Co.	0.86%	18,405,665	$1.1B	added0%	+0.02 pp	19 q
BSXBoston Scientific Corp.	0.83%	43,877,562	$1.1B	added+4%	−0.19 pp	19 q
ROSTRoss Stores Inc	0.82%	13,282,147	$1.1B	trimmed−7%	+0.05 pp	19 q
CSCOCisco Systems, Inc. (DE)	0.78%	26,546,607	$1.0B	trimmed−4%	+0.01 pp	19 q
QCOMQualcomm Inc	0.75%	15,314,552	$980M	trimmed−1%	+0.09 pp	19 q
TMOThermo Fisher Scientific, Inc.	0.75%	5,144,244	$977M	trimmed−1%	−0.06 pp	17 q
FLEXFlex Ltd.	0.72%	52,503,286	$945M	trimmed−1%	0.00 pp	19 q
BMRNBioMarin Pharmaceuticals Inc	0.70%	10,245,295	$914M	added+6%	−0.04 pp	19 q
INTCIntel Corp	0.70%	19,763,160	$912M	trimmed−0%	+0.07 pp	19 q
KMXCarMax Inc.	0.69%	14,049,575	$901M	trimmed−9%	−0.27 pp	19 q
TJXTJX Companies, Inc. (The)	0.68%	11,596,124	$887M	trimmed−3%	−0.05 pp	19 q
DEDeere & Company	0.66%	5,485,959	$859M	trimmed−1%	+0.09 pp	19 q
DFSDiscover Financial Services	0.66%	11,132,025	$856M	added+14%	+0.14 pp	16 q
INTUIntuit Inc	0.65%	5,373,525	$848M	trimmed−1%	+0.01 pp	19 q
ABTAbbott Laboratories	0.64%	14,613,519	$834M	trimmed−1%	−0.01 pp	19 q
BBBlackBerry Limited	0.63%	73,758,545	$824M	trimmed−1%	−0.06 pp	19 q
MRSHMarsh	0.62%	9,876,145	$804M	trimmed−1%	−0.07 pp	19 q
VVISA Inc.	0.60%	6,808,239	$776M	trimmed−7%	−0.04 pp	19 q
ABMDAbiomed Inc	0.59%	4,079,390	$765M	trimmed−3%	0.00 pp	19 q
unresolvedSIEMENS AG-Reg	0.54%	5,090,800	$709M	added×2.3	+0.28 pp	6 q
MDTMedtronic plc	0.54%	8,753,098	$707M	trimmed−5%	−0.06 pp	12 q
MATMattel, Inc.	0.53%	44,825,710	$689M	added+22%	+0.06 pp	3 q
ERICEricsson	0.52%	101,027,845	$675M	added+20%	+0.12 pp	19 q
SGENSeagen Inc.	0.52%	12,714,100	$680M	trimmed−1%	−0.06 pp	19 q
ETRAE*trade Financial Corp	0.48%	12,718,995	$630M	trimmed−1%	+0.02 pp	13 q
SPLKSplunk Inc	0.44%	6,948,198	$576M	added+30%	+0.15 pp	5 q
AIYActivision Blizzard Inc	0.43%	8,863,250	$561M	trimmed−1%	−0.05 pp	19 q
GLWCorning Incorporated	0.42%	16,972,756	$543M	trimmed−2%	−0.01 pp	19 q
JECJacobs Engineering Group	0.41%	8,197,422	$541M	trimmed−1%	+0.01 pp	19 q
DISThe Walt Disney Company	0.40%	4,816,489	$518M	trimmed−7%	−0.02 pp	19 q
unresolvedQiagen N.V	0.39%	16,566,194	$512M	trimmed−3%	−0.06 pp	5 q
ACMAecom	0.37%	13,100,755	$487M	trimmed−1%	−0.03 pp	19 q
DXCDXC Technology Company	0.37%	5,098,532	$484M	trimmed−1%	0.00 pp	3 q
HONHoneywell International, Inc.	0.37%	3,176,223	$487M	trimmed−1%	−0.01 pp	19 q
JBLUJetBlue Airways Corp	0.35%	20,418,798	$456M	added+1%	+0.04 pp	19 q
ALKAlaska Air Group, Inc.	0.34%	6,037,100	$444M	trimmed−0%	−0.04 pp	19 q
ADIAnalog Devices, Inc.	0.34%	5,007,930	$446M	added+3%	−0.01 pp	19 q
UPSUnited Parcel Service, Inc. Class B	0.34%	3,737,185	$445M	trimmed−0%	−0.03 pp	19 q
unresolvedMicro Focus Intl ADR	0.33%	12,962,510	$435M	trimmed−0%	−0.01 pp	2 q
BIVVBioverativ Inc	0.32%	7,622,324	$411M	trimmed−0%	−0.04 pp	4 q
ILMNIllumina Inc	0.32%	1,887,360	$412M	trimmed−1%	+0.01 pp	19 q
AABAAltaba Inc.	0.31%	5,864,430	$410M	trimmed−0%	−0.01 pp	3 q
BMYBristol-Myers Squibb Co.	0.31%	6,557,578	$402M	added+3%	−0.03 pp	4 q
TRMBTrimble Inc.	0.30%	9,654,888	$392M	trimmed−13%	−0.06 pp	19 q
BABoeing Company	0.29%	1,293,000	$381M	added+3%	+0.03 pp	19 q
AMZNAmazon.Com Inc	0.27%	299,978	$351M	added0%	+0.03 pp	19 q
WHRWhirlpool Corp.	0.27%	2,118,711	$357M	added+65%	+0.07 pp	19 q
CCitigroup Inc.	0.26%	4,579,964	$341M	trimmed−1%	−0.02 pp	4 q
EBAYeBay Inc	0.26%	9,030,100	$341M	trimmed−0%	−0.03 pp	18 q
PODDInsulet Corporation	0.26%	4,953,672	$342M	trimmed−0%	+0.03 pp	19 q
PYPLPayPal Holdings, Inc.	0.26%	4,519,840	$333M	trimmed−0%	+0.02 pp	10 q
TSLATesla, Inc.	0.26%	1,085,790	$338M	trimmed−1%	−0.05 pp	19 q
AAgilent Technologies Inc.	0.25%	4,804,100	$322M	trimmed−2%	−0.01 pp	19 q
ORCLOracle Corp	0.25%	6,841,388	$323M	trimmed−0%	−0.02 pp	19 q
UNPUnion Pacific Corp.	0.25%	2,381,987	$319M	added+10%	+0.04 pp	19 q
unresolvedCree Inc	0.24%	8,295,089	$308M	trimmed−1%	+0.04 pp	19 q
MRKMerck & Co., Inc.	0.24%	5,575,068	$314M	added+3%	−0.05 pp	13 q
TAT&T Inc.	0.23%	7,806,163	$304M	trimmed−26%	−0.11 pp	10 q
BACBank of America Corporation	0.23%	10,138,561	$299M	added+16%	+0.05 pp	4 q
CMECME Group Inc.	0.23%	2,028,556	$296M	added0%	0.00 pp	19 q
ASMLASML Holding NV	0.23%	1,698,531	$295M	trimmed−0%	−0.01 pp	19 q
NTRSNorthern Trust Corp	0.22%	2,865,457	$286M	added+3%	+0.01 pp	8 q
unresolvedEllie Mae	0.21%	3,106,345	$278M	trimmed−7%	−0.02 pp	19 q
USBU.S. Bancorp	0.21%	5,110,550	$274M	added+1%	−0.02 pp	17 q
PGRProgressive Corporation	0.20%	4,518,102	$254M	trimmed−6%	+0.01 pp	14 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.20%	4,855,025	$259M	trimmed−1%	−0.02 pp	16 q
CVSCvs Health Corporation	0.19%	3,393,733	$246M	added+1%	−0.04 pp	19 q
unresolvedDell Technologies Inc	0.19%	2,968,430	$241M	trimmed−2%	0.00 pp	6 q
PLTPlantronics Inc	0.19%	4,904,150	$247M	trimmed−0%	+0.01 pp	19 q
SLBSLB Limited	0.19%	3,666,155	$247M	trimmed−3%	−0.03 pp	19 q
SFLYShutterfly, Inc.	0.19%	5,059,482	$252M	held	—	19 q
EOGEOG Resources, Inc.	0.18%	2,184,850	$236M	trimmed−0%	0.00 pp	19 q
RVTYRevvity, Inc.	0.18%	3,286,875	$240M	trimmed−2%	−0.01 pp	19 q
PXGBXPraxair Inc	0.18%	1,480,370	$229M	trimmed−1%	+0.01 pp	19 q
TXTTextron, Inc.	0.18%	4,032,050	$228M	added+13%	+0.02 pp	7 q
AMATApplied Materials Inc	0.17%	4,316,907	$221M	trimmed−0%	−0.02 pp	19 q
KEYSKeysight Technologies, Inc.	0.17%	5,267,505	$219M	trimmed−1%	−0.01 pp	13 q
unresolvedSprint Corporation	0.17%	36,630,400	$216M	added0%	−0.07 pp	14 q
VMWVMware, Inc	0.16%	1,679,107	$210M	trimmed−1%	+0.01 pp	19 q
unresolvedDowdupont Inc	0.15%	2,668,678	$190M	trimmed−1%	0.00 pp	2 q
TRCOTribune Media Company Class A	0.15%	4,747,990	$202M	trimmed−5%	−0.02 pp	19 q
EXKExact Sciences Corp	0.14%	3,579,100	$188M	trimmed−13%	−0.02 pp	15 q
LVSLas Vegas Sands Corp.	0.14%	2,542,981	$177M	held	—	19 q
CHGGChegg, Inc.	0.13%	10,195,390	$166M	trimmed−5%	0.00 pp	16 q
SCORcomScore, Inc.	0.13%	6,067,932	$173M	held	—	19 q
MKTXMarketAxess Holdings Inc.	0.13%	859,420	$173M	trimmed−6%	−0.01 pp	19 q
MAMastercard Incorporated	0.13%	1,137,900	$172M	added+2%	0.00 pp	19 q
NUANNuance Communications, Inc.	0.13%	10,695,249	$175M	trimmed−1%	−0.01 pp	19 q
AAPLApple Inc.	0.12%	921,500	$156M	added0%	0.00 pp	19 q
CSXCSX Corporation	0.12%	2,857,900	$157M	trimmed−27%	−0.06 pp	19 q
ENTGEntegris Inc	0.12%	4,979,552	$152M	trimmed−2%	0.00 pp	19 q
RBARB Global, Inc.	0.12%	5,204,457	$156M	trimmed−2%	−0.02 pp	19 q
RIGTransocean LTD.	0.12%	14,222,457	$152M	trimmed−1%	−0.01 pp	19 q
SSYSStratasys Inc (ISRAEL)	0.12%	7,564,300	$151M	added+3%	−0.02 pp	19 q
CWCurtiss-Wright Corp.	0.11%	1,187,300	$145M	added0%	+0.01 pp	18 q
IMAXImax Corp	0.11%	6,287,900	$146M	trimmed−0%	−0.01 pp	8 q
ROKRockwell Automation, Inc.	0.11%	729,935	$143M	trimmed−10%	−0.01 pp	19 q
DSGXDescartes Systems Group Inc	0.10%	4,541,390	$129M	trimmed−1%	0.00 pp	19 q
EAElectronic Arts Inc	0.10%	1,254,975	$132M	trimmed−1%	−0.02 pp	19 q
JNJJohnson & Johnson	0.10%	921,323	$129M	trimmed−0%	0.00 pp	19 q
NWLNewell Brands Inc.	0.10%	4,041,260	$125M	added+39%	0.00 pp	16 q
XNCRXencor, Inc.	0.10%	6,158,243	$135M	added0%	−0.02 pp	17 q
CMCSAComcast Corp	0.09%	2,878,000	$115M	added+1%	0.00 pp	10 q
MGMMgm Resorts International	0.09%	3,527,600	$118M	added+7%	0.00 pp	6 q
OLEDUniversal Display Corp	0.09%	682,550	$118M	trimmed−14%	+0.01 pp	14 q
unresolvedAbaxis	0.08%	2,217,300	$110M	trimmed−0%	0.00 pp	17 q
unresolvedCBS Corp	0.08%	1,724,057	$102M	added+1%	0.00 pp	5 q
EPZMEpizyme, Inc	0.08%	8,275,327	$104M	added0%	−0.05 pp	19 q
IEXIDEX Corporation	0.08%	774,030	$102M	trimmed−3%	0.00 pp	19 q
MARMarriott International Class A	0.08%	776,400	$105M	added0%	+0.01 pp	10 q
ZBHZimmer Biomet Holdings, Inc.	0.08%	868,100	$105M	added+31%	+0.02 pp	19 q
PNRPentair plc	0.08%	1,472,500	$104M	held	—	15 q
ACLSAxcelis Technologies Inc	0.07%	3,038,200	$87M	trimmed−10%	−0.01 pp	6 q
JBLJabil Inc.	0.07%	3,670,450	$96M	trimmed−1%	−0.02 pp	19 q
LGF.BLions Gate Entertainment Corp. Class B Non-Voting Shares	0.07%	2,930,200	$93M	held	—	5 q
SPPISpectrum Pharmaceuticals Inc	0.07%	4,566,000	$87M	added+14%	+0.02 pp	2 q
UTXZRTX Corporation	0.07%	737,200	$94M	trimmed−2%	0.00 pp	17 q
CTRACoterra Energy Inc.	0.06%	2,605,650	$75M	added+2%	0.00 pp	19 q
FAROFaro Technologies Inc	0.06%	1,780,500	$84M	trimmed−4%	0.00 pp	19 q
FORMFormFactor Inc.	0.06%	4,666,018	$73M	trimmed−0%	−0.01 pp	19 q
RMBSRambus Inc	0.06%	5,684,527	$81M	trimmed−2%	0.00 pp	19 q
SNYSanofi	0.06%	1,956,000	$84M	trimmed−1%	−0.02 pp	19 q
TERTeradyne, Inc.	0.06%	1,790,314	$75M	added+2%	+0.01 pp	10 q
HLTHilton Worldwide Holdings Inc.	0.05%	860,364	$69M	trimmed−2%	0.00 pp	5 q
LGFLions Gate Entertainment-a	0.05%	1,982,786	$67M	held	—	5 q
NBLNoble Energy, Inc.	0.05%	2,254,700	$66M	added0%	0.00 pp	19 q
ODFLOld Dominion Freight Line	0.05%	515,300	$68M	added+2%	0.00 pp	3 q
CRMSalesforce, Inc.	0.05%	679,360	$69M	held	—	19 q
SW5Southwestern Energy Co	0.05%	11,402,450	$64M	added+7%	0.00 pp	19 q
unresolvedTronc Inc	0.05%	3,501,631	$62M	trimmed−0%	+0.01 pp	7 q
WATWaters Corp	0.05%	336,377	$65M	trimmed−2%	0.00 pp	19 q
WDCWestern Digital Corp.	0.05%	872,706	$69M	trimmed−18%	−0.03 pp	7 q
AXPAmerican Express Company	0.04%	524,700	$52M	held	—	19 q
CRLCharles River Laboratories International, Inc.	0.04%	425,900	$47M	trimmed−0%	0.00 pp	19 q
CHTRCharter Comm Inc Del CL A New	0.04%	163,300	$55M	added+2%	−0.01 pp	7 q
EWEdwards Lifesciences Corp	0.04%	500,000	$56M	trimmed−5%	−0.01 pp	19 q
GILGildan Activewear Inc.	0.04%	1,709,300	$55M	trimmed−6%	−0.01 pp	15 q
HUBSHubspot, Inc.	0.04%	528,850	$47M	held	—	8 q
IRBTiRobot Corporation	0.04%	683,000	$52M	added×5.3	+0.03 pp	6 q
NNBRNN Inc	0.04%	1,976,881	$55M	added+1%	−0.01 pp	16 q
NUVANuVasive, Inc.	0.04%	835,200	$49M	held	—	19 q
RYAAYRyanair Holdings plc	0.04%	519,000	$54M	new	+0.04 pp	new
TDGTransDigm Group Incorporated	0.04%	200,300	$55M	added+18%	0.00 pp	17 q
TRVThe Travelers Companies, Inc.	0.04%	399,775	$54M	trimmed−6%	0.00 pp	7 q
VFCV.F. Corporation	0.04%	757,500	$56M	trimmed−51%	−0.04 pp	19 q
unresolvedDhx Media Cl A	0.03%	10,051,000	$36M	added+6%	0.00 pp	5 q
LABStandard BioTools Inc.	0.03%	5,775,143	$34M	held	—	19 q
unresolvedGlaxosmithkline PLC	0.03%	1,072,535	$38M	trimmed−0%	−0.01 pp	19 q
MNTAMomenta Pharmaceuticals, Inc.	0.03%	2,868,900	$40M	added+1%	−0.01 pp	19 q
NSCNorfolk Southern Corp.	0.03%	275,000	$40M	held	—	19 q
NTNXNutanix, Inc. Class A	0.03%	985,732	$35M	added0%	+0.01 pp	3 q
6SSServicesource International	0.03%	13,287,533	$41M	added+2%	−0.01 pp	16 q
SAVEQSpirit Airlines, Inc.	0.03%	801,700	$36M	trimmed−9%	+0.01 pp	19 q
SYKStryker Corporation	0.03%	227,100	$35M	trimmed−0%	0.00 pp	19 q
TSNTyson Foods, Inc.	0.03%	526,100	$43M	trimmed−1%	0.00 pp	13 q
ARAYAccuray Incorporated	0.02%	5,324,500	$23M	trimmed−0%	0.00 pp	19 q
ALTRAltair Engineering Inc. Class A	0.02%	1,012,400	$24M	new	+0.02 pp	new
ABUSArbutus Biopharma Corporation	0.02%	4,000,400	$20M	added0%	0.00 pp	10 q
ASNAAscena Retail Group Inc	0.02%	9,180,000	$22M	trimmed−2%	0.00 pp	19 q
CARAvis Budget Group, Inc.	0.02%	480,000	$21M	held	—	11 q
unresolvedBarracuda Networks Inc	0.02%	720,000	$20M	added+7%	+0.01 pp	10 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.02%	1,238,150	$27M	trimmed−6%	−0.01 pp	19 q
ONCBeOne Medicines Ltd.	0.02%	307,020	$30M	added+5%	−0.01 pp	3 q
CECelanese Corporation	0.02%	210,950	$23M	held	—	19 q
CERSCerus Corp	0.02%	7,800,000	$26M	held	—	12 q
unresolvedDyax (Non-tradable) Cont Val R	0.02%	10,482,860	$31M	held	—	8 q
GDGeneral Dynamics Corporation	0.02%	118,000	$24M	held	—	5 q
HANHawaiian Holdings Inc	0.02%	751,300	$30M	added+17%	0.00 pp	15 q
IMGNImmunogen Inc	0.02%	3,823,300	$25M	held	—	19 q
LOWLowe's Companies Inc.	0.02%	247,700	$23M	trimmed−72%	−0.04 pp	8 q
MXLMaxLinear, Inc.	0.02%	849,900	$22M	added+28%	+0.01 pp	5 q
unresolvedMindbody Cl A	0.02%	646,377	$20M	trimmed−4%	+0.01 pp	6 q
NOVNOV Inc.	0.02%	661,641	$24M	trimmed−0%	0.00 pp	19 q
OSISOSI Systems Inc	0.02%	391,500	$25M	trimmed−8%	−0.01 pp	8 q
unresolvedOncomed Pharmaceuticals Inc	0.02%	5,565,600	$23M	trimmed−0%	0.00 pp	18 q
OSUROraSure Technologies Inc	0.02%	1,266,000	$24M	added+1%	0.00 pp	19 q
PEPPepsiCo, Inc.	0.02%	200,000	$24M	held	—	19 q
TMUST-Mobile US, Inc.	0.02%	342,000	$22M	added+1%	0.00 pp	4 q
AYIAcuity Inc.	0.01%	55,500	$10M	new	+0.01 pp	new
unresolvedSafran	0.01%	150,000	$15M	trimmed−45%	−0.01 pp	19 q
ALGTAllegiant Travel Company	0.01%	43,500	$7M	held	—	19 q
MOAltria Group, Inc.	0.01%	178,204	$13M	added+2%	0.00 pp	3 q
AXONAxon Enterprise, Inc.	0.01%	660,000	$17M	added+10%	0.00 pp	3 q
unresolvedBlue Buffalo Pet Prods Inc	0.01%	453,100	$15M	trimmed−2%	0.00 pp	10 q
BOOTBoot Barn Holdings, Inc.	0.01%	825,000	$14M	held	—	12 q
CNACNA Financial Corporation	0.01%	307,400	$16M	trimmed−3%	0.00 pp	6 q
CBTCabot Corporation	0.01%	125,000	$8M	held	—	19 q
CIRCircor International Inc	0.01%	360,000	$18M	held	—	19 q
STZConstellation Brands, Inc.	0.01%	38,536	$9M	trimmed−9%	0.00 pp	3 q
DBDDiebold Nixdorf, Incorporated	0.01%	675,000	$11M	held	—	19 q
96669EURDmrc LLC	0.01%	413,000	$15M	held	—	10 q
ETMEntercom Communications	0.01%	1,561,538	$17M	new	+0.01 pp	new
unresolvedEsterline Technologies Corp	0.01%	108,399	$8M	held	—	17 q
XOMExxon Mobil Corp	0.01%	95,000	$8M	held	—	19 q
HRIHerc Holdings Inc.	0.01%	308,740	$19M	held	—	6 q
MCYMercury General Corp.	0.01%	281,600	$15M	held	—	19 q
unresolvedNci Building Systems	0.01%	475,000	$9M	trimmed−31%	0.00 pp	17 q
NFLXNetFlix Inc	0.01%	43,200	$8M	added+14%	0.00 pp	2 q
PMPhilip Morris International Inc.	0.01%	123,075	$13M	held	—	3 q
PROPros Holdings, Inc.	0.01%	609,087	$16M	new	+0.01 pp	new
PEGPublic Service Enterprise Group Incorporated	0.01%	372,379	$19M	held	—	19 q
RRCRange Resources Corp	0.01%	555,000	$9M	added×8.8	+0.01 pp	19 q
QSRRestaurant Brands International Inc.	0.01%	215,000	$13M	new	+0.01 pp	new
unresolvedRockwell Collins Inc	0.01%	65,900	$9M	held	—	4 q
SGISomnigroup International Inc.	0.01%	130,500	$8M	held	—	5 q
ULTAUlta Beauty, Inc.	0.01%	51,400	$11M	new	+0.01 pp	new
ADNTAdient plc	0.01%	113,570	$9M	held	—	5 q
unresolvedAxovant Sciences Ltd	0.01%	2,567,300	$14M	trimmed−25%	−0.01 pp	11 q
CBChubb Limited	0.01%	56,079	$8M	held	—	8 q
CSTMConstellium SE Class A	0.01%	1,161,500	$13M	trimmed−7%	0.00 pp	13 q
ABBVAbbvie Inc.	0.00%	14,000	$1M	trimmed−74%	0.00 pp	19 q
ASIXAdvanSix Inc.	0.00%	17,320	$729,000	held	—	5 q
ADVMAdverum Biotechnologies, Inc.	0.00%	503,400	$2M	added+4%	0.00 pp	7 q
ACDVFAir Canada Inc Vtg & Var	0.00%	150,100	$3M	held	—	6 q
ANETArista Networks	0.00%	5,800	$1M	added×3.2	0.00 pp	15 q
AWIArmstrong World Industries, Inc.	0.00%	47,000	$3M	held	—	5 q
ADSKAutodesk Inc	0.00%	15,100	$2M	new	0.00 pp	new
AZOAutoZone, Inc.	0.00%	7,800	$6M	trimmed−64%	−0.01 pp	8 q
CVGWCalavo Growers Inc	0.00%	45,000	$4M	held	—	2 q
CERNCerner Corp	0.00%	19,400	$1M	held	—	19 q
CMAComerica Incorporated	0.00%	53,500	$5M	held	—	19 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	142,000	$1M	held	—	17 q
CVACovanta Holding Corporation	0.00%	170,000	$3M	held	—	9 q
CRAYCray, Inc.	0.00%	163,000	$4M	held	—	14 q
CCKCrown Holdings Inc.	0.00%	102,000	$6M	held	—	19 q
DXTRDextera Surgical Inc.	0.00%	600,450	$29,000	held	—	7 q
unresolvedFlex Pharma Inc	0.00%	1,806,414	$6M	added+8%	0.00 pp	12 q
GTTGTT Communications, Inc.	0.00%	40,000	$2M	new	0.00 pp	new
ROCKGibraltar Industries, Inc.	0.00%	102,300	$3M	new	0.00 pp	new
GKOSGlaukos Corporation	0.00%	82,210	$2M	new	0.00 pp	new
GEFGreif, Inc.	0.00%	80,000	$5M	trimmed−20%	0.00 pp	19 q
GEF.BGreif, Inc. Class B	0.00%	35,000	$2M	held	—	19 q
HABTThe Habit Restaurants, Inc. - Class A	0.00%	326,000	$3M	added+92%	0.00 pp	4 q
HGVHilton Grand Vacations Inc.	0.00%	34,760	$1M	held	—	4 q
NGVTIngevity Corporation	0.00%	20,300	$1M	new	0.00 pp	new
KEXKirby Corporation	0.00%	3,000	$200,000	trimmed−17%	0.00 pp	19 q
MBIIMarrone Bio Innovations, Inc.	0.00%	2,625,600	$3M	trimmed−1%	0.00 pp	18 q
MATXMatsons, Inc.	0.00%	199,761	$6M	held	—	14 q
MCDMcDonald's Corporation	0.00%	10,000	$2M	held	—	8 q
NMIHNMI Holdings Inc.	0.00%	50,000	$850,000	new	0.00 pp	new
PKPark Hotels & Resorts Inc.	0.00%	66,800	$2M	held	—	4 q
PENPenumbra, Inc.	0.00%	57,430	$5M	trimmed−0%	0.00 pp	10 q
PFGCPerformance Food Group Company	0.00%	8,500	$281,000	held	—	3 q
PFNXPfenex Inc.	0.00%	2,356,400	$6M	held	—	11 q
PXDPioneer Natural Resource Co.	0.00%	16,500	$3M	held	—	2 q
PBHPrestige Consumer Healthcare Inc.	0.00%	26,000	$1M	new	0.00 pp	new
REXXRex Energy Corporation	0.00%	111,400	$155,000	held	—	3 q
ROKURoku, Inc. Class A	0.00%	72,000	$4M	trimmed−64%	0.00 pp	2 q
RUBIMagnite, Inc.	0.00%	1,332,800	$2M	trimmed−22%	−0.01 pp	11 q
SKAASkechers USA Inc-cl A	0.00%	50,000	$2M	trimmed−14%	0.00 pp	5 q
TUESTuesday Morning Corp	0.00%	2,209,000	$6M	held	—	19 q
SIGSignet Jewelers Limited	0.00%	56,000	$3M	trimmed−42%	−0.01 pp	5 q
POTPotash Corp Of Saskatchewan	—	−636,900	—	exited	−0.01 pp	—
LYBLyondellBasell Industries N.V. Class A	—	−65,000	—	exited	−0.01 pp	—
AANAaron's Inc	—	−44,000	—	exited	0.00 pp	—
unresolvedDhx Media Cl B	—	−150,000	—	exited	0.00 pp	—
unresolvedBrocade Communications Sys I	—	−300,000	—	exited	0.00 pp	—
CRICarter's Inc.	—	−25,150	—	exited	0.00 pp	—
FRANFrancesca's Holdings Corporation	—	−105,000	—	exited	0.00 pp	—