PRIMECAP

Q2 2018 13F · by Joel Fried, portfolio manager

As of: Jun 30, 2018
Filed: Aug 13, 2018
US stock: $134.9B · prev $133.3B
Positions: 292 · prev 286
Options notional: $0
Documents: 1· no amendments

Picture95.9% US stock

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

US stock listed on a US exchange 95.9%
Foreign stock not listed in the US 4.1%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves203 since the prior filing

+1.1 pp in · −1.2 pp out

New 11 +0.11 pp
Added 80 +1.00 pp
Trimmed 107 −0.21 pp
Exited 5 −0.98 pp

The book

Diversified · behaves like 65 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 9.8% a year, about 10.2 years per position

Low
Moderate
High

Top 5 positions17% of US stock

Positions292 in this filing · 5 exited


ADBEAdobe Inc.	3.90%	21,599,112	$5.3B	trimmed−0%	+0.38 pp	21 q
LLYEli Lilly & Co.	3.49%	55,102,514	$4.7B	added+1%	+0.32 pp	21 q
BIIBBiogen Inc.	3.21%	14,921,936	$4.3B	trimmed−0%	+0.14 pp	21 q
MSFTMicrosoft Corp	3.01%	41,197,453	$4.1B	trimmed−2%	+0.14 pp	21 q
AMGNAmgen Inc	2.90%	21,173,744	$3.9B	trimmed−1%	+0.16 pp	21 q
TXNTexas Instruments Incorporated	2.80%	34,222,717	$3.8B	trimmed−7%	−0.06 pp	21 q
LUVSouthwest Airlines Co.	2.78%	73,714,331	$3.8B	added+5%	−0.22 pp	21 q
FDXFedEx Corporation	2.56%	15,200,352	$3.5B	trimmed−0%	−0.18 pp	21 q
NTAPNetApp, Inc	2.30%	39,426,439	$3.1B	trimmed−0%	+0.47 pp	21 q
MUMicron Technology, Inc.	2.26%	58,170,535	$3.1B	added0%	−0.01 pp	21 q
BABAAlibaba Group Holding Limited	2.10%	15,235,313	$2.8B	trimmed−0%	0.00 pp	16 q
UALUnited Airlines Holdings, Inc.	1.98%	38,264,989	$2.7B	added+6%	+0.09 pp	21 q
NVDANvidia Corp	1.95%	11,093,844	$2.6B	trimmed−8%	−0.15 pp	21 q
GOOGLAlphabet Inc. Class A	1.92%	2,291,037	$2.6B	added+1%	+0.15 pp	12 q
GOOGAlphabet Inc. Class C	1.86%	2,244,214	$2.5B	trimmed−0%	+0.12 pp	18 q
JPMJPMorgan Chase & Co.	1.80%	23,264,270	$2.4B	added0%	−0.12 pp	14 q
AALAmerican Airlines Group Inc.	1.67%	59,279,814	$2.3B	added+12%	−0.39 pp	19 q
SONYSony Group Corporation	1.65%	43,511,115	$2.2B	added0%	+0.07 pp	21 q
unresolvedEads Industrial - Eur	1.62%	18,689,628	$2.2B	trimmed−0%	0.00 pp	21 q
AZNNAstrazeneca Plc-spons ADR	1.38%	53,035,273	$1.9B	added+3%	+0.03 pp	12 q
unresolvedRoche Holding Ag-chf	1.35%	8,183,188	$1.8B	trimmed−0%	−0.06 pp	21 q
NVSNovartis AG	1.24%	22,131,158	$1.7B	added+1%	−0.08 pp	21 q
SCHWThe Charles Schwab Corporation	1.22%	32,114,385	$1.6B	trimmed−0%	−0.04 pp	21 q
BSXBoston Scientific Corp.	1.09%	44,807,141	$1.5B	added0%	+0.17 pp	21 q
ABMDAbiomed Inc	1.08%	3,561,940	$1.5B	trimmed−7%	+0.25 pp	21 q
WFCWells Fargo & Co.	1.08%	26,175,089	$1.5B	added+38%	+0.33 pp	21 q
HPQHP Inc.	1.05%	62,529,319	$1.4B	trimmed−0%	+0.02 pp	11 q
HPEHewlett Packard Enterprise Company	1.05%	97,328,360	$1.4B	added+1%	−0.22 pp	11 q
DALDelta Air Lines, Inc.	1.04%	28,207,370	$1.4B	added0%	−0.12 pp	21 q
BMRNBioMarin Pharmaceuticals Inc	0.99%	14,240,789	$1.3B	added+3%	+0.15 pp	21 q
CATCaterpillar Inc.	0.95%	9,451,164	$1.3B	trimmed−0%	−0.10 pp	21 q
KLACKLA Corporation	0.94%	12,389,736	$1.3B	trimmed−0%	−0.08 pp	21 q
INTCIntel Corp	0.90%	24,529,322	$1.2B	added+2%	−0.04 pp	21 q
QCOMQualcomm Inc	0.90%	21,732,465	$1.2B	added+1%	0.00 pp	21 q
CCLCarnival Corporation Ltd.	0.87%	20,531,837	$1.2B	added+1%	−0.13 pp	21 q
unresolvedSIEMENS AG-Reg	0.85%	8,650,881	$1.1B	added+19%	+0.16 pp	8 q
CSCOCisco Systems, Inc. (DE)	0.82%	25,844,211	$1.1B	trimmed−0%	−0.02 pp	21 q
ROSTRoss Stores Inc	0.79%	12,507,179	$1.1B	trimmed−3%	+0.03 pp	21 q
TMOThermo Fisher Scientific, Inc.	0.78%	5,087,754	$1.1B	trimmed−0%	−0.01 pp	19 q
INTUIntuit Inc	0.76%	5,033,856	$1.0B	trimmed−2%	+0.09 pp	21 q
NKTRNektar Therapeutics	0.76%	20,902,922	$1.0B	trimmed−1%	−0.92 pp	21 q
ERICEricsson	0.75%	131,597,906	$1.0B	added+16%	+0.20 pp	21 q
BMYBristol-Myers Squibb Co.	0.74%	18,043,794	$999M	added+10%	−0.04 pp	6 q
RCLRoyal Caribbean Group	0.74%	9,683,211	$1.0B	added+2%	−0.10 pp	21 q
SGENSeagen Inc.	0.71%	14,474,000	$961M	added0%	+0.14 pp	21 q
ALKSAlkermes Inc. plc	0.71%	23,336,493	$961M	added0%	−0.30 pp	9 q
KMXCarMax Inc.	0.68%	12,518,148	$912M	trimmed−5%	+0.07 pp	21 q
ABTAbbott Laboratories	0.65%	14,411,590	$879M	trimmed−0%	0.00 pp	21 q
DFSDiscover Financial Services	0.64%	12,223,896	$861M	added+3%	0.00 pp	18 q
MATMattel, Inc.	0.61%	50,287,600	$826M	added+4%	+0.13 pp	5 q
WHRWhirlpool Corp.	0.61%	5,619,238	$822M	added+56%	+0.20 pp	21 q
FLEXFlex Ltd.	0.60%	57,341,429	$809M	added+8%	−0.05 pp	21 q
MRSHMarsh	0.59%	9,760,286	$800M	trimmed−0%	−0.02 pp	21 q
TJXTJX Companies, Inc. (The)	0.59%	8,376,524	$797M	trimmed−24%	−0.08 pp	21 q
ETRAE*trade Financial Corp	0.58%	12,877,525	$788M	added0%	+0.04 pp	15 q
BBBlackBerry Limited	0.53%	73,526,672	$710M	added+1%	−0.10 pp	21 q
DEDeere & Company	0.53%	5,105,121	$714M	trimmed−2%	−0.08 pp	21 q
LBBath & Body Works, Inc.	0.53%	19,411,942	$716M	added0%	−0.02 pp	21 q
SPLKSplunk Inc	0.52%	7,102,198	$704M	added0%	0.00 pp	7 q
MDTMedtronic plc	0.52%	8,162,952	$699M	trimmed−0%	+0.03 pp	14 q
AIYActivision Blizzard Inc	0.48%	8,548,475	$652M	trimmed−1%	+0.04 pp	21 q
VVISA Inc.	0.46%	4,656,639	$617M	trimmed−27%	−0.11 pp	21 q
unresolvedQiagen N.V	0.43%	16,179,961	$585M	trimmed−0%	+0.04 pp	7 q
AMZNAmazon.Com Inc	0.39%	308,478	$524M	held	—	21 q
JECJacobs Engineering Group	0.39%	8,306,997	$527M	added0%	+0.02 pp	21 q
ACMAecom	0.37%	15,024,381	$496M	added+8%	0.00 pp	21 q
ADIAnalog Devices, Inc.	0.37%	5,179,055	$497M	trimmed−0%	+0.02 pp	21 q
BACBank of America Corporation	0.37%	17,528,327	$494M	added+31%	+0.07 pp	6 q
DISThe Walt Disney Company	0.37%	4,765,034	$499M	trimmed−0%	+0.01 pp	21 q
GLWCorning Incorporated	0.33%	16,293,223	$448M	trimmed−0%	−0.01 pp	21 q
HONHoneywell International, Inc.	0.33%	3,051,195	$440M	trimmed−0%	0.00 pp	21 q
SFLYShutterfly, Inc.	0.33%	4,933,482	$444M	trimmed−0%	+0.03 pp	21 q
AABAAltaba Inc.	0.32%	5,850,530	$428M	trimmed0%	−0.01 pp	5 q
JBLUJetBlue Airways Corp	0.32%	22,846,925	$434M	added+16%	+0.02 pp	21 q
CCitigroup Inc.	0.31%	6,291,141	$421M	added+15%	+0.03 pp	6 q
PODDInsulet Corporation	0.31%	4,953,472	$425M	trimmed0%	−0.01 pp	21 q
BABoeing Company	0.30%	1,188,579	$399M	held	—	21 q
DXCDXC Technology Company	0.29%	4,911,861	$396M	trimmed−1%	−0.08 pp	5 q
UPSUnited Parcel Service, Inc. Class B	0.29%	3,691,839	$392M	trimmed−0%	0.00 pp	21 q
TSLATesla, Inc.	0.28%	1,095,115	$376M	trimmed−0%	+0.06 pp	21 q
ALKAlaska Air Group, Inc.	0.27%	6,001,307	$362M	held	—	21 q
ORCLOracle Corp	0.27%	8,129,917	$358M	added+20%	+0.04 pp	21 q
PLTPlantronics Inc	0.27%	4,860,702	$371M	held	—	21 q
UNPUnion Pacific Corp.	0.27%	2,584,387	$366M	added+8%	+0.03 pp	21 q
unresolvedCree Inc	0.26%	8,415,489	$350M	added+2%	+0.01 pp	21 q
CMECME Group Inc.	0.25%	2,018,343	$331M	held	—	21 q
EBAYeBay Inc	0.25%	9,418,045	$341M	added+4%	−0.02 pp	20 q
NTRSNorthern Trust Corp	0.25%	3,280,367	$338M	added+3%	0.00 pp	10 q
PYPLPayPal Holdings, Inc.	0.25%	3,990,840	$332M	trimmed−1%	+0.02 pp	12 q
TRMBTrimble Inc.	0.24%	9,660,413	$317M	added+1%	−0.02 pp	21 q
ASMLASML Holding NV	0.24%	1,621,131	$321M	trimmed−0%	0.00 pp	21 q
ILMNIllumina Inc	0.23%	1,126,843	$315M	trimmed−40%	−0.10 pp	21 q
KEYSKeysight Technologies, Inc.	0.23%	5,197,895	$307M	trimmed−0%	+0.03 pp	15 q
TXTTextron, Inc.	0.23%	4,632,018	$305M	added+1%	+0.03 pp	9 q
AAgilent Technologies Inc.	0.22%	4,711,550	$291M	trimmed−1%	−0.02 pp	21 q
unresolvedSiemens Healthineers AG - Rest	0.22%	7,098,900	$294M	added+1%	0.00 pp	2 q
unresolvedEllie Mae	0.22%	2,891,345	$300M	trimmed−6%	+0.01 pp	21 q
IRBTiRobot Corporation	0.22%	3,861,000	$293M	added×3.1	+0.16 pp	8 q
XNCRXencor, Inc.	0.21%	7,566,943	$280M	added+1%	+0.04 pp	19 q
CHGGChegg, Inc.	0.20%	9,799,490	$272M	trimmed−2%	+0.04 pp	18 q
EOGEOG Resources, Inc.	0.20%	2,158,937	$269M	trimmed−0%	+0.03 pp	21 q
unresolvedMicro Focus Intl ADR	0.19%	14,458,017	$250M	added0%	+0.04 pp	4 q
PGRProgressive Corporation	0.19%	4,291,379	$254M	trimmed−5%	−0.02 pp	16 q
USBU.S. Bancorp	0.19%	5,173,654	$259M	added+1%	−0.01 pp	19 q
VMWVMware, Inc	0.19%	1,704,357	$250M	trimmed−2%	+0.03 pp	21 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.19%	5,365,650	$254M	added+12%	0.00 pp	18 q
unresolvedDell Technologies Inc	0.18%	2,919,729	$247M	trimmed−1%	+0.02 pp	8 q
unresolvedDowdupont Inc	0.18%	3,654,829	$241M	added+41%	+0.06 pp	4 q
RVTYRevvity, Inc.	0.18%	3,268,995	$239M	trimmed−1%	−0.01 pp	21 q
SLBSLB Limited	0.18%	3,624,054	$243M	trimmed−0%	0.00 pp	21 q
CVSCvs Health Corporation	0.17%	3,491,231	$225M	added+3%	+0.01 pp	21 q
PXGBXPraxair Inc	0.17%	1,459,269	$231M	trimmed−0%	+0.01 pp	21 q
EXKExact Sciences Corp	0.16%	3,579,100	$214M	held	—	17 q
SPPISpectrum Pharmaceuticals Inc	0.16%	10,126,000	$212M	added+36%	+0.07 pp	4 q
AMATApplied Materials Inc	0.15%	4,274,710	$197M	held	—	21 q
MRKMerck & Co., Inc.	0.15%	3,411,200	$207M	held	—	15 q
unresolvedSprint Corporation	0.15%	36,606,100	$199M	trimmed−0%	+0.02 pp	16 q
RIGTransocean LTD.	0.14%	14,047,345	$189M	trimmed−0%	+0.04 pp	21 q
unresolvedAbaxis	0.13%	2,089,108	$173M	trimmed−6%	+0.01 pp	19 q
SCORcomScore, Inc.	0.13%	8,248,932	$180M	added+3%	−0.01 pp	21 q
RBARB Global, Inc.	0.13%	5,108,457	$174M	trimmed−1%	+0.01 pp	21 q
TRCOTribune Media Company Class A	0.13%	4,686,400	$179M	trimmed−0%	−0.01 pp	21 q
AAPLApple Inc.	0.12%	855,100	$158M	held	—	21 q
EAElectronic Arts Inc	0.12%	1,151,175	$162M	trimmed−3%	+0.01 pp	21 q
ENTGEntegris Inc	0.12%	4,820,244	$163M	held	—	21 q
MKTXMarketAxess Holdings Inc.	0.12%	834,420	$165M	held	—	21 q
OLEDUniversal Display Corp	0.12%	1,858,050	$160M	added×2.9	+0.07 pp	16 q
CWCurtiss-Wright Corp.	0.11%	1,220,800	$145M	added+3%	−0.01 pp	20 q
DSGXDescartes Systems Group Inc	0.11%	4,433,490	$144M	trimmed−0%	+0.01 pp	21 q
ZBHZimmer Biomet Holdings, Inc.	0.11%	1,285,619	$143M	added+18%	+0.02 pp	21 q
SSYSStratasys Inc (ISRAEL)	0.11%	7,602,300	$146M	added+1%	0.00 pp	21 q
ONCBeOne Medicines Ltd.	0.10%	857,333	$132M	trimmed−0%	−0.01 pp	5 q
EPZMEpizyme, Inc	0.10%	9,655,627	$131M	added+17%	−0.01 pp	21 q
IMAXImax Corp	0.10%	6,287,900	$139M	held	—	10 q
MGMMgm Resorts International	0.09%	4,327,600	$126M	added+23%	0.00 pp	8 q
NUANNuance Communications, Inc.	0.09%	9,179,304	$127M	trimmed−3%	−0.02 pp	21 q
ROKRockwell Automation, Inc.	0.09%	727,375	$121M	trimmed−0%	−0.01 pp	21 q
unresolvedCBS Corp	0.08%	1,800,057	$101M	added+1%	+0.01 pp	7 q
CSXCSX Corporation	0.08%	1,782,200	$114M	trimmed−38%	−0.04 pp	21 q
NWLNewell Brands Inc.	0.08%	3,972,460	$102M	trimmed−1%	0.00 pp	18 q
CMCSAComcast Corp	0.07%	2,887,000	$95M	added0%	0.00 pp	12 q
FAROFaro Technologies Inc	0.07%	1,770,000	$96M	trimmed−0%	−0.01 pp	21 q
IEXIDEX Corporation	0.07%	706,690	$96M	trimmed−1%	−0.01 pp	21 q
JBLJabil Inc.	0.07%	3,589,112	$99M	trimmed−1%	−0.01 pp	21 q
MARMarriott International Class A	0.07%	773,346	$98M	held	—	12 q
CRMSalesforce, Inc.	0.07%	729,360	$99M	held	—	21 q
EWEdwards Lifesciences Corp	0.06%	535,000	$78M	held	—	21 q
NBLNoble Energy, Inc.	0.06%	2,243,947	$79M	held	—	21 q
SNYSanofi	0.06%	1,956,000	$78M	held	—	21 q
CTRACoterra Energy Inc.	0.05%	2,817,250	$67M	added+3%	0.00 pp	21 q
CERSCerus Corp	0.05%	10,300,000	$69M	held	—	14 q
FORMFormFactor Inc.	0.05%	4,666,018	$62M	held	—	21 q
HLTHilton Worldwide Holdings Inc.	0.05%	859,365	$68M	held	—	7 q
HUBSHubspot, Inc.	0.05%	496,050	$62M	trimmed−3%	+0.01 pp	10 q
JNJJohnson & Johnson	0.05%	535,700	$65M	trimmed−41%	−0.04 pp	21 q
LGF.BLions Gate Entertainment Corp. Class B Non-Voting Shares	0.05%	2,930,200	$69M	held	—	7 q
NNBRNN Inc	0.05%	3,527,900	$67M	added+46%	+0.01 pp	18 q
PROPros Holdings, Inc.	0.05%	1,910,491	$70M	added+55%	+0.02 pp	3 q
RMBSRambus Inc	0.05%	5,070,894	$64M	held	—	21 q
SW5Southwestern Energy Co	0.05%	12,427,125	$66M	trimmed−0%	+0.01 pp	21 q
TERTeradyne, Inc.	0.05%	1,845,012	$70M	trimmed−0%	−0.01 pp	12 q
TDGTransDigm Group Incorporated	0.05%	200,300	$69M	held	—	19 q
ULTAUlta Beauty, Inc.	0.05%	280,800	$66M	added+1%	+0.01 pp	3 q
UTXZRTX Corporation	0.05%	587,400	$73M	held	—	19 q
WATWaters Corp	0.05%	327,727	$63M	trimmed−1%	0.00 pp	21 q
PNRPentair plc	0.05%	1,467,350	$62M	trimmed−0%	−0.03 pp	17 q
AXPAmerican Express Company	0.04%	516,900	$51M	held	—	21 q
ACLSAxcelis Technologies Inc	0.04%	2,908,700	$58M	held	—	8 q
CRLCharles River Laboratories International, Inc.	0.04%	424,100	$48M	trimmed−0%	+0.01 pp	21 q
CHTRCharter Comm Inc Del CL A New	0.04%	163,300	$48M	held	—	9 q
LVSLas Vegas Sands Corp.	0.04%	790,500	$60M	trimmed−67%	−0.09 pp	21 q
LGFLions Gate Entertainment-a	0.04%	1,982,786	$49M	held	—	7 q
MAMastercard Incorporated	0.04%	299,824	$59M	trimmed−75%	−0.12 pp	21 q
MNTAMomenta Pharmaceuticals, Inc.	0.04%	2,888,100	$59M	held	—	21 q
PRSPPerspecta Inc	0.04%	2,453,912	$50M	new	+0.04 pp	new
QSRRestaurant Brands International Inc.	0.04%	964,800	$58M	added+12%	0.00 pp	3 q
RYAAYRyanair Holdings plc	0.04%	519,000	$59M	held	—	3 q
6SSServicesource International	0.04%	13,287,533	$52M	held	—	18 q
TRVThe Travelers Companies, Inc.	0.04%	399,775	$49M	held	—	9 q
unresolvedTronc Inc	0.04%	3,050,356	$53M	trimmed−0%	0.00 pp	9 q
VFCV.F. Corporation	0.04%	610,000	$50M	held	—	21 q
WDCWestern Digital Corp.	0.04%	721,926	$56M	trimmed−1%	−0.01 pp	9 q
ALTRAltair Engineering Inc. Class A	0.03%	1,012,400	$35M	held	—	3 q
ASNAAscena Retail Group Inc	0.03%	9,163,000	$37M	held	—	21 q
AXONAxon Enterprise, Inc.	0.03%	572,000	$36M	trimmed−5%	+0.01 pp	5 q
LABStandard BioTools Inc.	0.03%	5,792,043	$35M	added0%	0.00 pp	21 q
GILGildan Activewear Inc.	0.03%	1,484,500	$42M	trimmed−1%	0.00 pp	17 q
unresolvedGlaxosmithkline PLC	0.03%	1,047,435	$42M	held	—	21 q
IMGNImmunogen Inc	0.03%	3,823,300	$37M	held	—	21 q
MXLMaxLinear, Inc.	0.03%	2,752,862	$43M	added×2.4	+0.01 pp	7 q
NMIHNMI Holdings Inc.	0.03%	2,174,049	$35M	added×3.0	+0.02 pp	3 q
NSCNorfolk Southern Corp.	0.03%	275,000	$41M	held	—	21 q
NUVANuVasive, Inc.	0.03%	835,100	$44M	held	—	21 q
SYKStryker Corporation	0.03%	225,500	$38M	held	—	21 q
TMUST-Mobile US, Inc.	0.03%	715,700	$43M	added+22%	0.00 pp	6 q
TSNTyson Foods, Inc.	0.03%	515,000	$35M	trimmed−2%	0.00 pp	15 q
NVTnVent Electric plc	0.03%	1,467,390	$37M	new	+0.03 pp	new
ARAYAccuray Incorporated	0.02%	5,324,500	$22M	held	—	21 q
unresolvedDhx Media Ltd	0.02%	10,761,000	$22M	new	+0.02 pp	new
MOAltria Group, Inc.	0.02%	525,404	$30M	trimmed−1%	0.00 pp	5 q
ABUSArbutus Biopharma Corporation	0.02%	4,000,400	$29M	held	—	12 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.02%	1,214,581	$24M	trimmed−1%	0.00 pp	21 q
CECelanese Corporation	0.02%	210,950	$23M	held	—	21 q
unresolvedDyax (Non-tradable) Cont Val R	0.02%	10,482,860	$31M	held	—	10 q
ETMEntercom Communications	0.02%	2,867,838	$22M	added+19%	0.00 pp	3 q
METAMeta Platforms, Inc. Class A	0.02%	113,700	$22M	held	—	2 q
GDGeneral Dynamics Corporation	0.02%	172,000	$32M	added×2.4	+0.01 pp	7 q
HANHawaiian Holdings Inc	0.02%	831,500	$30M	held	—	17 q
NOVNOV Inc.	0.02%	653,566	$28M	trimmed−0%	0.00 pp	21 q
NFLXNetFlix Inc	0.02%	61,750	$24M	added+8%	+0.01 pp	4 q
OSISOSI Systems Inc	0.02%	301,900	$23M	trimmed−2%	0.00 pp	10 q
ODFLOld Dominion Freight Line	0.02%	203,000	$30M	held	—	5 q
OSUROraSure Technologies Inc	0.02%	1,494,000	$25M	added+18%	0.00 pp	21 q
PEPPepsiCo, Inc.	0.02%	200,000	$22M	held	—	21 q
SAVEQSpirit Airlines, Inc.	0.02%	627,421	$23M	trimmed−1%	0.00 pp	21 q
SGISomnigroup International Inc.	0.02%	450,500	$22M	added+95%	+0.01 pp	7 q
unresolvedSafran	0.01%	125,000	$15M	trimmed−17%	0.00 pp	21 q
ADSKAutodesk Inc	0.01%	86,000	$11M	held	—	3 q
CARAvis Budget Group, Inc.	0.01%	480,000	$16M	held	—	13 q
BOOTBoot Barn Holdings, Inc.	0.01%	800,000	$17M	trimmed−3%	0.00 pp	14 q
BAHBooz Allen Hamilton Holding Corporation	0.01%	245,673	$11M	trimmed−29%	0.00 pp	2 q
CNACNA Financial Corporation	0.01%	300,900	$14M	trimmed−1%	0.00 pp	8 q
CBTCabot Corporation	0.01%	125,000	$8M	held	—	21 q
CVGWCalavo Growers Inc	0.01%	144,400	$14M	trimmed−0%	0.00 pp	4 q
CIRCircor International Inc	0.01%	358,500	$13M	held	—	21 q
DBDDiebold Nixdorf, Incorporated	0.01%	675,000	$8M	held	—	21 q
96669EURDmrc LLC	0.01%	415,000	$11M	added0%	0.00 pp	12 q
EQIXEquinix, Inc.	0.01%	17,100	$7M	new	+0.01 pp	new
XOMExxon Mobil Corp	0.01%	95,000	$8M	held	—	21 q
ROCKGibraltar Industries, Inc.	0.01%	202,500	$8M	added+3%	0.00 pp	3 q
GKOSGlaukos Corporation	0.01%	214,500	$9M	added+18%	+0.01 pp	3 q
HRIHerc Holdings Inc.	0.01%	258,440	$15M	held	—	8 q
ICFIICF International, Inc.	0.01%	101,417	$7M	trimmed−11%	0.00 pp	2 q
MATXMatsons, Inc.	0.01%	199,761	$8M	held	—	16 q
MCYMercury General Corp.	0.01%	281,600	$13M	held	—	21 q
unresolvedMindbody Cl A	0.01%	496,377	$19M	trimmed−23%	−0.01 pp	8 q
MCOMoody's Corporation	0.01%	42,200	$7M	trimmed−77%	−0.01 pp	2 q
unresolvedNci Building Systems	0.01%	350,000	$7M	trimmed−3%	+0.01 pp	19 q
LASRnLIGHT, Inc.	0.01%	250,000	$8M	new	+0.01 pp	new
NTNXNutanix, Inc. Class A	0.01%	233,800	$12M	trimmed−76%	−0.03 pp	5 q
unresolvedOncomed Pharmaceuticals Inc	0.01%	5,563,700	$13M	trimmed−0%	0.00 pp	20 q
PENPenumbra, Inc.	0.01%	57,290	$8M	trimmed−0%	+0.01 pp	12 q
PFNXPfenex Inc.	0.01%	3,308,400	$18M	added+40%	0.00 pp	13 q
PMPhilip Morris International Inc.	0.01%	170,575	$14M	trimmed−1%	0.00 pp	5 q
PEGPublic Service Enterprise Group Incorporated	0.01%	372,379	$20M	held	—	21 q
RRCRange Resources Corp	0.01%	955,000	$16M	held	—	21 q
S9QSpirit Aerosystems Hold-cl A	0.01%	164,200	$14M	held	—	2 q
CBChubb Limited	0.01%	56,079	$7M	held	—	10 q
AYIAcuity Inc.	0.00%	57,000	$7M	held	—	3 q
ASIXAdvanSix Inc.	0.00%	17,320	$634,000	held	—	7 q
ADVMAdverum Biotechnologies, Inc.	0.00%	503,400	$3M	held	—	9 q
ACDVFAir Canada Inc Vtg & Var	0.00%	150,100	$2M	held	—	8 q
unresolvedSyrah Resources	0.00%	400,300	$857,000	new	0.00 pp	new
ALGTAllegiant Travel Company	0.00%	43,500	$6M	held	—	21 q
ANETArista Networks	0.00%	6,050	$2M	held	—	17 q
AWIArmstrong World Industries, Inc.	0.00%	47,000	$3M	held	—	7 q
BURLBurlington Stores, Inc.	0.00%	19,800	$3M	held	—	2 q
CERNCerner Corp	0.00%	19,400	$1M	held	—	21 q
CMAComerica Incorporated	0.00%	53,500	$5M	held	—	21 q
STZConstellation Brands, Inc.	0.00%	15,366	$3M	trimmed−60%	−0.01 pp	5 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	142,000	$721,000	held	—	19 q
CRAYCray, Inc.	0.00%	163,000	$4M	held	—	16 q
DXTRDextera Surgical Inc.	0.00%	600,450	$37,000	held	—	9 q
FIVEFive Below, Inc.	0.00%	4,900	$479,000	new	0.00 pp	new
unresolvedFlex Pharma Inc	0.00%	1,811,300	$2M	held	—	14 q
GTTGTT Communications, Inc.	0.00%	40,000	$2M	held	—	3 q
GEFGreif, Inc.	0.00%	65,000	$3M	trimmed−13%	0.00 pp	21 q
GEF.BGreif, Inc. Class B	0.00%	35,000	$2M	held	—	21 q
HABTThe Habit Restaurants, Inc. - Class A	0.00%	326,000	$3M	held	—	6 q
HGVHilton Grand Vacations Inc.	0.00%	34,760	$1M	held	—	6 q
NGVTIngevity Corporation	0.00%	20,300	$2M	held	—	3 q
KEXKirby Corporation	0.00%	3,000	$251,000	held	—	21 q
LOWLowe's Companies Inc.	0.00%	41,000	$4M	held	—	10 q
MBIIMarrone Bio Innovations, Inc.	0.00%	2,625,600	$5M	held	—	20 q
MTLSMaterialise NV	0.00%	166,990	$2M	new	0.00 pp	new
unresolvedMaxar Technologies Ltd	0.00%	20,000	$1M	new	0.00 pp	new
MCDMcDonald's Corporation	0.00%	10,000	$2M	held	—	10 q
OCOwens Corning	0.00%	45,000	$3M	new	0.00 pp	new
PKPark Hotels & Resorts Inc.	0.00%	66,800	$2M	held	—	6 q
PFGCPerformance Food Group Company	0.00%	8,500	$312,000	held	—	5 q
PXDPioneer Natural Resource Co.	0.00%	16,500	$3M	held	—	4 q
PBHPrestige Consumer Healthcare Inc.	0.00%	26,000	$998,000	held	—	3 q
REXXRex Energy Corporation	0.00%	111,400	$15,000	held	—	5 q
unresolvedRockwell Collins Inc	0.00%	50,000	$7M	trimmed−24%	−0.01 pp	6 q
ROKURoku, Inc. Class A	0.00%	56,000	$2M	trimmed−7%	0.00 pp	4 q
RUBIMagnite, Inc.	0.00%	1,332,800	$4M	held	—	13 q
SKAASkechers USA Inc-cl A	0.00%	50,000	$2M	held	—	7 q
TUESTuesday Morning Corp	0.00%	2,209,000	$7M	held	—	21 q
ADNTAdient plc	0.00%	113,570	$6M	held	—	7 q
unresolvedAxovant Sciences Ltd	0.00%	1,082,900	$2M	trimmed−9%	0.00 pp	13 q
unresolvedMichael Kors Hldgs Ltd	0.00%	55,600	$4M	new	0.00 pp	new
SIGSignet Jewelers Limited	0.00%	51,036	$3M	held	—	7 q
unresolvedMonsanto Co	—	−10,826,092	—	exited	−0.95 pp	—
unresolvedDhx Media Cl A	—	−10,051,000	—	exited	−0.02 pp	—
unresolvedBlue Buffalo Pet Prods Inc	—	−426,200	—	exited	−0.01 pp	—
TAT&T Inc.	—	−101,008	—	exited	0.00 pp	—
ABBVAbbvie Inc.	—	−14,000	—	exited	0.00 pp	—