PRIMECAP

Q2 2019 13F · by Joel Fried, portfolio manager

As of: Jun 30, 2019
Filed: Aug 14, 2019
US stock: $135.2B · prev $135.9B
Positions: 300 · prev 292
Options notional: $0
Documents: 1· no amendments

Picture95.6% US stock

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

US stock listed on a US exchange 95.6%
Foreign stock not listed in the US 4.4%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves262 since the prior filing

+2.4 pp in · −2.5 pp out

New 22 +0.59 pp
Added 59 +1.84 pp
Trimmed 167 −1.97 pp
Exited 14 −0.53 pp

The book

Diversified · behaves like 70 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.4% a year, about 13.5 years per position

Low
Moderate
High

Top 5 positions16% of US stock

Positions300 in this filing · 14 exited


ADBEAdobe Inc.	3.60%	16,526,040	$4.9B	trimmed−15%	−0.19 pp	25 q
LLYEli Lilly & Co.	3.54%	43,163,120	$4.8B	trimmed−0%	−0.59 pp	25 q
MSFTMicrosoft Corp	3.47%	35,056,893	$4.7B	trimmed−7%	+0.18 pp	25 q
TXNTexas Instruments Incorporated	2.78%	32,702,755	$3.8B	trimmed−2%	+0.18 pp	25 q
LUVSouthwest Airlines Co.	2.75%	73,137,734	$3.7B	trimmed−1%	−0.06 pp	25 q
AMGNAmgen Inc	2.54%	18,628,923	$3.4B	trimmed−2%	−0.12 pp	25 q
BIIBBiogen Inc.	2.52%	14,554,002	$3.4B	trimmed−0%	−0.02 pp	25 q
UALUnited Airlines Holdings, Inc.	2.46%	38,021,067	$3.3B	trimmed−0%	+0.22 pp	25 q
BABAAlibaba Group Holding Limited	1.91%	15,211,650	$2.6B	trimmed−0%	−0.14 pp	20 q
JPMJPMorgan Chase & Co.	1.91%	23,087,940	$2.6B	trimmed−0%	+0.18 pp	18 q
FDXFedEx Corporation	1.82%	14,953,732	$2.5B	trimmed−1%	−0.19 pp	25 q
AZNNAstrazeneca Plc-spons ADR	1.77%	58,044,131	$2.4B	added+3%	+0.09 pp	16 q
WFCWells Fargo & Co.	1.77%	50,564,911	$2.4B	added+10%	+0.14 pp	25 q
unresolvedEads Industrial - Eur	1.73%	16,513,798	$2.3B	trimmed−3%	+0.07 pp	25 q
NVSNovartis AG	1.73%	25,617,640	$2.3B	added+7%	+0.04 pp	25 q
GOOGLAlphabet Inc. Class A	1.67%	2,085,421	$2.3B	trimmed−5%	−0.23 pp	16 q
AALAmerican Airlines Group Inc.	1.65%	68,562,836	$2.2B	trimmed−0%	+0.04 pp	23 q
MUMicron Technology, Inc.	1.65%	57,740,509	$2.2B	trimmed−0%	−0.11 pp	25 q
GOOGAlphabet Inc. Class C	1.60%	2,005,288	$2.2B	trimmed−5%	−0.23 pp	22 q
SONYSony Group Corporation	1.58%	40,686,328	$2.1B	trimmed−2%	+0.29 pp	25 q
NTAPNetApp, Inc	1.52%	33,227,478	$2.1B	trimmed−2%	−0.21 pp	25 q
BSXBoston Scientific Corp.	1.43%	45,143,977	$1.9B	added0%	+0.16 pp	25 q
QCOMQualcomm Inc	1.39%	24,716,715	$1.9B	added0%	+0.36 pp	25 q
unresolvedSIEMENS AG-Reg	1.20%	13,636,303	$1.6B	added0%	+0.12 pp	12 q
DALDelta Air Lines, Inc.	1.19%	28,374,171	$1.6B	trimmed−0%	+0.11 pp	25 q
unresolvedRoche Holding Ag-chf	1.16%	5,560,379	$1.6B	trimmed−12%	−0.12 pp	25 q
TMOThermo Fisher Scientific, Inc.	1.08%	4,970,156	$1.5B	trimmed−1%	+0.07 pp	23 q
HPEHewlett Packard Enterprise Company	0.98%	89,075,431	$1.3B	trimmed−3%	−0.06 pp	15 q
CATCaterpillar Inc.	0.95%	9,398,329	$1.3B	added+1%	+0.02 pp	25 q
SCHWThe Charles Schwab Corporation	0.94%	31,489,080	$1.3B	trimmed−0%	−0.05 pp	25 q
ERICEricsson	0.93%	132,176,786	$1.3B	trimmed−0%	+0.03 pp	25 q
HPQHP Inc.	0.92%	59,855,479	$1.2B	trimmed−3%	+0.03 pp	15 q
KLACKLA Corporation	0.92%	10,502,591	$1.2B	trimmed−11%	−0.11 pp	25 q
BMRNBioMarin Pharmaceuticals Inc	0.90%	14,283,753	$1.2B	added+1%	−0.03 pp	25 q
RCLRoyal Caribbean Group	0.86%	9,573,911	$1.2B	trimmed−0%	+0.05 pp	25 q
INTCIntel Corp	0.85%	24,023,714	$1.2B	trimmed−2%	−0.12 pp	25 q
ROSTRoss Stores Inc	0.85%	11,606,919	$1.2B	trimmed−6%	0.00 pp	25 q
WHRWhirlpool Corp.	0.82%	7,809,340	$1.1B	added+1%	+0.06 pp	25 q
CSCOCisco Systems, Inc. (DE)	0.81%	19,966,911	$1.1B	trimmed−1%	+0.01 pp	25 q
BACBank of America Corporation	0.78%	36,402,261	$1.1B	added+2%	+0.05 pp	10 q
ELANElanco Animal Health Incorporated	0.77%	30,708,116	$1.0B	added0%	+0.05 pp	4 q
CCLCarnival Corporation Ltd.	0.75%	21,931,282	$1.0B	trimmed−1%	−0.08 pp	25 q
DFSDiscover Financial Services	0.74%	12,908,296	$1.0B	trimmed−0%	+0.06 pp	22 q
BMYBristol-Myers Squibb Co.	0.73%	21,763,335	$987M	added0%	−0.03 pp	10 q
KMXCarMax Inc.	0.72%	11,264,428	$978M	trimmed−6%	+0.10 pp	25 q
SGENSeagen Inc.	0.72%	14,163,825	$980M	trimmed−0%	−0.05 pp	25 q
INTUIntuit Inc	0.66%	3,429,941	$896M	trimmed−12%	−0.09 pp	25 q
ABTAbbott Laboratories	0.65%	10,462,192	$880M	trimmed−10%	−0.03 pp	25 q
OLEDUniversal Display Corp	0.65%	4,686,381	$881M	trimmed−2%	+0.11 pp	20 q
MRSHMarsh	0.63%	8,589,375	$857M	trimmed−4%	+0.01 pp	25 q
SPLKSplunk Inc	0.63%	6,729,500	$846M	trimmed−3%	−0.01 pp	11 q
ACMAecom	0.61%	21,677,159	$820M	trimmed−0%	+0.14 pp	25 q
TJXTJX Companies, Inc. (The)	0.61%	15,549,548	$822M	trimmed−4%	−0.02 pp	25 q
ABMDAbiomed Inc	0.60%	3,131,040	$816M	trimmed−1%	−0.06 pp	25 q
FLEXFlex Ltd.	0.55%	77,489,644	$742M	added0%	−0.02 pp	25 q
JECJacobs Engineering Group	0.51%	8,113,247	$685M	trimmed−1%	+0.05 pp	25 q
NVDANvidia Corp	0.51%	4,238,360	$696M	trimmed−7%	−0.09 pp	25 q
NKTRNektar Therapeutics	0.50%	19,090,422	$679M	trimmed−1%	+0.02 pp	25 q
PXDPioneer Natural Resource Co.	0.47%	4,150,495	$639M	added×3.0	+0.32 pp	8 q
VVISA Inc.	0.46%	3,555,309	$617M	trimmed−3%	+0.04 pp	25 q
MDTMedtronic plc	0.46%	6,427,525	$626M	trimmed−2%	+0.02 pp	18 q
unresolvedQiagen N.V	0.46%	15,282,003	$620M	trimmed−3%	−0.01 pp	11 q
AMZNAmazon.Com Inc	0.45%	319,528	$605M	added+1%	+0.03 pp	25 q
ETRAE*trade Financial Corp	0.45%	13,593,225	$606M	added0%	−0.01 pp	19 q
MATMattel, Inc.	0.43%	51,773,109	$580M	added+2%	−0.06 pp	9 q
ADIAnalog Devices, Inc.	0.40%	4,829,259	$545M	trimmed−17%	−0.05 pp	25 q
BBBlackBerry Limited	0.40%	72,505,693	$541M	trimmed−0%	−0.14 pp	25 q
PODDInsulet Corporation	0.40%	4,555,272	$544M	trimmed−7%	+0.06 pp	25 q
HESHess Corporation	0.39%	8,347,925	$531M	added0%	+0.02 pp	4 q
ALKSAlkermes Inc. plc	0.39%	23,255,740	$524M	trimmed−0%	−0.23 pp	13 q
GLWCorning Incorporated	0.38%	15,447,951	$513M	trimmed−1%	0.00 pp	25 q
LBBath & Body Works, Inc.	0.36%	18,872,720	$493M	trimmed−1%	−0.03 pp	25 q
ORCLOracle Corp	0.36%	8,637,317	$492M	added+2%	+0.03 pp	25 q
unresolvedCree Inc	0.35%	8,341,689	$469M	trimmed−0%	0.00 pp	25 q
BABoeing Company	0.34%	1,255,129	$457M	added+1%	−0.01 pp	25 q
UNPUnion Pacific Corp.	0.34%	2,691,662	$455M	added0%	+0.01 pp	25 q
DISThe Walt Disney Company	0.33%	3,232,900	$451M	trimmed−2%	+0.06 pp	25 q
HONHoneywell International, Inc.	0.32%	2,458,270	$429M	trimmed−19%	−0.03 pp	25 q
NTRSNorthern Trust Corp	0.32%	4,847,707	$436M	trimmed−0%	0.00 pp	14 q
DEDeere & Company	0.31%	2,519,672	$418M	trimmed−42%	−0.20 pp	25 q
JBLUJetBlue Airways Corp	0.31%	22,914,475	$424M	added0%	+0.03 pp	25 q
TRMBTrimble Inc.	0.31%	9,361,707	$422M	trimmed−0%	+0.03 pp	25 q
ALBAlbemarle Corporation	0.30%	5,777,880	$407M	added+31%	+0.03 pp	4 q
CCitigroup Inc.	0.30%	5,882,441	$412M	trimmed−0%	+0.03 pp	10 q
AIYActivision Blizzard Inc	0.29%	8,172,700	$386M	trimmed−0%	+0.02 pp	25 q
CMECME Group Inc.	0.29%	2,004,343	$389M	held	—	25 q
PYPLPayPal Holdings, Inc.	0.29%	3,435,290	$393M	trimmed−11%	−0.01 pp	16 q
ALKAlaska Air Group, Inc.	0.28%	6,015,007	$384M	trimmed−0%	+0.03 pp	25 q
AABAAltaba Inc.	0.27%	5,249,910	$364M	trimmed−5%	−0.03 pp	9 q
ILMNIllumina Inc	0.27%	980,933	$361M	trimmed−2%	+0.04 pp	25 q
IRBTiRobot Corporation	0.27%	4,015,700	$368M	trimmed−3%	−0.09 pp	12 q
UPSUnited Parcel Service, Inc. Class B	0.27%	3,591,443	$371M	trimmed−0%	−0.03 pp	25 q
AAgilent Technologies Inc.	0.25%	4,484,664	$335M	trimmed−1%	−0.02 pp	25 q
TSLATesla, Inc.	0.25%	1,526,940	$341M	added+67%	+0.06 pp	25 q
CVSCvs Health Corporation	0.24%	5,981,520	$326M	added+1%	0.00 pp	25 q
RIGTransocean LTD.	0.24%	51,462,706	$330M	added+52%	+0.02 pp	25 q
ASMLASML Holding NV	0.24%	1,543,512	$321M	trimmed−2%	+0.02 pp	25 q
unresolvedSiemens Healthineers AG - Rest	0.23%	7,316,721	$309M	added0%	+0.01 pp	6 q
KEYSKeysight Technologies, Inc.	0.23%	3,491,795	$314M	trimmed−11%	−0.02 pp	19 q
XNCRXencor, Inc.	0.23%	7,452,583	$305M	trimmed−1%	+0.06 pp	23 q
EBAYeBay Inc	0.22%	7,627,400	$301M	trimmed−17%	−0.03 pp	24 q
TXTTextron, Inc.	0.22%	5,509,660	$292M	added+4%	+0.02 pp	13 q
ZBHZimmer Biomet Holdings, Inc.	0.22%	2,554,120	$301M	added+4%	−0.01 pp	25 q
ALCAlcon Inc.	0.22%	4,785,181	$297M	new	+0.22 pp	new
MRKMerck & Co., Inc.	0.21%	3,411,200	$286M	held	—	19 q
USBU.S. Bancorp	0.21%	5,330,179	$279M	added+4%	+0.03 pp	23 q
99952EURLinde PLC/OLD	0.21%	1,422,876	$286M	trimmed−1%	+0.02 pp	3 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.21%	5,419,425	$291M	trimmed−1%	−0.01 pp	22 q
DSGXDescartes Systems Group Inc	0.20%	7,211,500	$266M	added+63%	+0.08 pp	25 q
CHGGChegg, Inc.	0.19%	6,746,090	$260M	trimmed−13%	−0.03 pp	22 q
MFGPMicro Focus International plc.	0.19%	9,772,574	$256M	trimmed−32%	−0.08 pp	2 q
RVTYRevvity, Inc.	0.19%	2,714,940	$262M	trimmed−7%	−0.02 pp	25 q
SFLYShutterfly, Inc.	0.18%	4,939,582	$250M	trimmed−1%	+0.03 pp	25 q
AMATApplied Materials Inc	0.17%	5,014,935	$225M	trimmed−1%	+0.02 pp	25 q
MKTXMarketAxess Holdings Inc.	0.17%	705,320	$227M	trimmed−3%	+0.04 pp	25 q
EXKExact Sciences Corp	0.16%	1,783,100	$210M	trimmed−40%	−0.03 pp	21 q
PGRProgressive Corporation	0.16%	2,727,200	$218M	trimmed−22%	−0.03 pp	20 q
unresolvedSprint Corporation	0.16%	32,066,400	$211M	trimmed−8%	+0.02 pp	20 q
SSYSStratasys Inc (ISRAEL)	0.16%	7,515,200	$221M	trimmed−2%	+0.03 pp	25 q
EOGEOG Resources, Inc.	0.15%	2,172,296	$202M	trimmed0%	0.00 pp	25 q
PROPros Holdings, Inc.	0.15%	3,246,000	$205M	trimmed−2%	+0.05 pp	7 q
VMWVMware, Inc	0.15%	1,240,320	$207M	trimmed−2%	−0.02 pp	25 q
RJFRaymond James Financial, Inc.	0.14%	2,159,350	$183M	added+6%	+0.02 pp	3 q
CWCurtiss-Wright Corp.	0.13%	1,341,200	$171M	trimmed−0%	+0.02 pp	24 q
DDDuPont de Nemours, Inc.	0.13%	2,316,739	$174M	new	+0.13 pp	new
ENTGEntegris Inc	0.13%	4,779,441	$178M	trimmed−0%	0.00 pp	25 q
AAPLApple Inc.	0.12%	842,800	$167M	trimmed−1%	0.00 pp	25 q
GDGeneral Dynamics Corporation	0.12%	869,990	$158M	added+24%	+0.03 pp	11 q
PLTPlantronics Inc	0.12%	4,485,550	$166M	held	—	25 q
TDGTransDigm Group Incorporated	0.12%	345,244	$167M	added+1%	+0.01 pp	23 q
DXCDXC Technology Company	0.11%	2,814,993	$155M	trimmed−18%	−0.05 pp	9 q
MGMMgm Resorts International	0.11%	5,347,700	$153M	added+20%	+0.03 pp	12 q
MARMarriott International Class A	0.11%	1,065,196	$149M	held	—	16 q
UTXZRTX Corporation	0.11%	1,116,162	$145M	added+84%	+0.05 pp	23 q
EPZMEpizyme, Inc	0.10%	10,256,201	$129M	added0%	+0.01 pp	25 q
NUANNuance Communications, Inc.	0.10%	8,758,483	$140M	trimmed−4%	−0.01 pp	25 q
ONCBeOne Medicines Ltd.	0.09%	928,839	$115M	added+1%	0.00 pp	9 q
IMAXImax Corp	0.09%	5,694,300	$115M	trimmed−5%	−0.01 pp	14 q
JBLJabil Inc.	0.09%	3,893,900	$123M	added0%	+0.01 pp	25 q
DOWDow Inc.	0.08%	2,198,344	$108M	new	+0.08 pp	new
IEXIDEX Corporation	0.08%	590,300	$102M	trimmed−1%	+0.01 pp	25 q
MXLMaxLinear, Inc.	0.08%	4,772,722	$112M	trimmed−3%	−0.01 pp	11 q
CRMSalesforce, Inc.	0.08%	740,860	$112M	added+1%	−0.01 pp	25 q
ARNAArena Pharmaceuticals Inc	0.07%	1,525,200	$89M	added+4%	+0.02 pp	4 q
CSXCSX Corporation	0.07%	1,194,200	$92M	held	—	25 q
EWEdwards Lifesciences Corp	0.07%	535,000	$99M	held	—	25 q
EAElectronic Arts Inc	0.07%	989,825	$100M	trimmed−0%	0.00 pp	25 q
SPPISpectrum Pharmaceuticals Inc	0.07%	11,126,000	$96M	added+1%	−0.02 pp	8 q
TERTeradyne, Inc.	0.07%	2,026,152	$97M	trimmed−0%	+0.01 pp	16 q
ULTAUlta Beauty, Inc.	0.07%	281,400	$98M	held	—	7 q
CBOECboe Global Markets, Inc.	0.06%	825,100	$86M	added+2%	0.00 pp	4 q
CTRACoterra Energy Inc.	0.06%	3,507,854	$81M	trimmed−0%	−0.01 pp	25 q
LABStandard BioTools Inc.	0.06%	6,579,343	$81M	trimmed−0%	0.00 pp	25 q
HUBSHubspot, Inc.	0.06%	456,050	$78M	trimmed−3%	0.00 pp	14 q
QSRRestaurant Brands International Inc.	0.06%	1,072,400	$75M	trimmed−1%	+0.01 pp	7 q
SNYSanofi	0.06%	1,920,700	$83M	trimmed−2%	0.00 pp	25 q
SLBSLB Limited	0.06%	1,982,328	$79M	trimmed−0%	0.00 pp	25 q
unresolvedBeigene Ltd	0.05%	6,350,100	$61M	held	—	4 q
CERSCerus Corp	0.05%	11,300,000	$64M	added+5%	0.00 pp	18 q
CHTRCharter Comm Inc Del CL A New	0.05%	162,200	$64M	trimmed−1%	+0.01 pp	13 q
CMCSAComcast Corp	0.05%	1,693,900	$72M	trimmed−38%	−0.03 pp	16 q
CTVACorteva, Inc.	0.05%	2,316,637	$69M	new	+0.05 pp	new
FAROFaro Technologies Inc	0.05%	1,196,578	$63M	trimmed−25%	0.00 pp	25 q
FORMFormFactor Inc.	0.05%	4,537,818	$71M	trimmed−1%	0.00 pp	25 q
HLTHilton Worldwide Holdings Inc.	0.05%	689,165	$67M	trimmed−1%	+0.01 pp	11 q
NMIHNMI Holdings Inc.	0.05%	2,268,449	$64M	added0%	+0.01 pp	7 q
NNBRNN Inc	0.05%	6,352,900	$62M	added+1%	+0.02 pp	22 q
NWLNewell Brands Inc.	0.05%	4,461,960	$69M	added+11%	0.00 pp	22 q
WATWaters Corp	0.05%	310,327	$67M	trimmed−2%	−0.01 pp	25 q
CPRICapri Holdings Limited	0.05%	2,056,891	$71M	added+21%	−0.01 pp	2 q
CRLCharles River Laboratories International, Inc.	0.04%	395,000	$56M	trimmed−2%	0.00 pp	25 q
LVSLas Vegas Sands Corp.	0.04%	857,300	$51M	held	—	25 q
LYFTLyft, Inc. Class A	0.04%	830,800	$55M	added+66%	+0.01 pp	2 q
NUVANuVasive, Inc.	0.04%	814,500	$48M	trimmed−0%	+0.01 pp	25 q
ROKRockwell Automation, Inc.	0.04%	308,665	$51M	trimmed−53%	−0.05 pp	25 q
TRCOTribune Media Company Class A	0.04%	1,091,930	$50M	trimmed−28%	−0.01 pp	25 q
TSNTyson Foods, Inc.	0.04%	681,500	$55M	trimmed−1%	0.00 pp	19 q
VFCV.F. Corporation	0.04%	585,000	$51M	trimmed−3%	0.00 pp	25 q
WDCWestern Digital Corp.	0.04%	1,044,636	$50M	added+40%	+0.01 pp	13 q
PNRPentair plc	0.04%	1,466,500	$55M	held	—	21 q
ALTRAltair Engineering Inc. Class A	0.03%	1,153,600	$47M	added0%	0.00 pp	7 q
ACLSAxcelis Technologies Inc	0.03%	2,947,300	$44M	trimmed−0%	−0.01 pp	12 q
SCORcomScore, Inc.	0.03%	8,749,357	$45M	trimmed−0%	−0.10 pp	25 q
DELLDell Technologies Inc.	0.03%	755,154	$38M	trimmed−29%	−0.02 pp	3 q
GILGildan Activewear Inc.	0.03%	1,196,500	$46M	trimmed−4%	0.00 pp	21 q
MNTAMomenta Pharmaceuticals, Inc.	0.03%	3,085,900	$38M	added0%	0.00 pp	25 q
NOKNokia Corporation	0.03%	7,228,800	$36M	new	+0.03 pp	new
NBLNoble Energy, Inc.	0.03%	2,083,747	$47M	trimmed−2%	−0.01 pp	25 q
NSCNorfolk Southern Corp.	0.03%	225,000	$45M	trimmed−18%	−0.01 pp	25 q
PANWPalo Alto Networks, Inc.	0.03%	205,550	$42M	added+61%	+0.01 pp	2 q
PRSPPerspecta Inc	0.03%	1,663,954	$39M	trimmed−18%	0.00 pp	5 q
RYAAYRyanair Holdings plc	0.03%	528,600	$34M	held	—	7 q
SW5Southwestern Energy Co	0.03%	13,431,075	$42M	trimmed−1%	−0.02 pp	25 q
SYKStryker Corporation	0.03%	225,500	$46M	held	—	25 q
unresolved2U Inc	0.03%	1,204,800	$45M	new	+0.03 pp	new
LIVNLivaNova PLC	0.03%	475,220	$34M	added×2.5	+0.02 pp	3 q
NVTnVent Electric plc	0.03%	1,393,700	$35M	held	—	5 q
MOAltria Group, Inc.	0.02%	599,404	$28M	trimmed−0%	−0.01 pp	9 q
ARLOArlo Technologies, Inc.	0.02%	5,105,440	$20M	added+1%	0.00 pp	4 q
AXONAxon Enterprise, Inc.	0.02%	495,000	$32M	trimmed−4%	0.00 pp	9 q
BOOTBoot Barn Holdings, Inc.	0.02%	775,000	$28M	held	—	18 q
METAMeta Platforms, Inc. Class A	0.02%	128,400	$25M	held	—	6 q
GKOSGlaukos Corporation	0.02%	272,700	$21M	held	—	7 q
unresolvedGlaxosmithkline PLC	0.02%	564,600	$23M	trimmed−2%	0.00 pp	25 q
HANHawaiian Holdings Inc	0.02%	953,200	$26M	added0%	0.00 pp	21 q
LGFLions Gate Entertainment-a	0.02%	1,862,486	$23M	trimmed−4%	0.00 pp	11 q
LGF.BLions Gate Entertainment Corp. Class B Non-Voting Shares	0.02%	2,816,500	$33M	trimmed−2%	−0.01 pp	11 q
MAMastercard Incorporated	0.02%	81,474	$22M	trimmed−0%	+0.01 pp	25 q
MCDMcDonald's Corporation	0.02%	140,600	$29M	held	—	14 q
OSISOSI Systems Inc	0.02%	235,600	$27M	trimmed−9%	0.00 pp	14 q
ODFLOld Dominion Freight Line	0.02%	177,300	$26M	held	—	9 q
PFNXPfenex Inc.	0.02%	3,341,600	$23M	held	—	17 q
PEGPublic Service Enterprise Group Incorporated	0.02%	372,379	$22M	held	—	25 q
SAVEQSpirit Airlines, Inc.	0.02%	615,065	$29M	trimmed−0%	0.00 pp	25 q
TMUST-Mobile US, Inc.	0.02%	451,900	$34M	trimmed−39%	−0.02 pp	10 q
SGISomnigroup International Inc.	0.02%	413,800	$30M	trimmed−7%	0.00 pp	11 q
ANGIAngi Inc. Class A	0.01%	581,000	$8M	new	+0.01 pp	new
ARAYAccuray Incorporated	0.01%	4,698,200	$18M	trimmed−0%	−0.01 pp	25 q
AYIAcuity Inc.	0.01%	57,000	$8M	held	—	7 q
ADVMAdverum Biotechnologies, Inc.	0.01%	1,082,000	$13M	added+3%	+0.01 pp	13 q
unresolvedDhx Media Ltd	0.01%	6,950,000	$10M	trimmed−11%	0.00 pp	5 q
OPTUOptimum Communications, Inc.	0.01%	614,500	$15M	new	+0.01 pp	new
AXPAmerican Express Company	0.01%	137,100	$17M	held	—	25 q
ABUSArbutus Biopharma Corporation	0.01%	4,040,900	$8M	held	—	16 q
ADSKAutodesk Inc	0.01%	90,000	$15M	trimmed−1%	0.00 pp	7 q
unresolvedCBS Corp	0.01%	350,000	$17M	trimmed−73%	−0.04 pp	11 q
CVGWCalavo Growers Inc	0.01%	134,900	$13M	held	—	8 q
CIRCircor International Inc	0.01%	330,000	$15M	trimmed−7%	0.00 pp	25 q
STZConstellation Brands, Inc.	0.01%	51,905	$10M	trimmed−7%	0.00 pp	9 q
CRAYCray, Inc.	0.01%	326,900	$11M	trimmed−1%	0.00 pp	20 q
96669EURDmrc LLC	0.01%	360,000	$16M	trimmed−14%	0.00 pp	16 q
ETMEntercom Communications	0.01%	2,014,422	$12M	trimmed−31%	0.00 pp	7 q
ROCKGibraltar Industries, Inc.	0.01%	259,800	$10M	held	—	7 q
HRIHerc Holdings Inc.	0.01%	250,739	$11M	held	—	12 q
IMGNImmunogen Inc	0.01%	3,757,600	$8M	held	—	25 q
MTLSMaterialise NV	0.01%	894,200	$17M	trimmed−2%	0.00 pp	5 q
MCYMercury General Corp.	0.01%	281,600	$18M	held	—	25 q
MYOKMyoKardia, Inc.	0.01%	269,700	$14M	new	+0.01 pp	new
NFLXNetFlix Inc	0.01%	19,500	$7M	trimmed−78%	−0.01 pp	8 q
OSUROraSure Technologies Inc	0.01%	1,718,000	$16M	held	—	25 q
PENPenumbra, Inc.	0.01%	57,520	$9M	trimmed−0%	0.00 pp	16 q
PMPhilip Morris International Inc.	0.01%	213,250	$17M	trimmed−3%	0.00 pp	9 q
PINSPinterest, Inc. Class A	0.01%	655,800	$18M	new	+0.01 pp	new
RMBSRambus Inc	0.01%	1,243,245	$15M	trimmed−0%	0.00 pp	25 q
RUBIMagnite, Inc.	0.01%	1,295,800	$8M	held	—	17 q
6SSServicesource International	0.01%	13,198,533	$13M	trimmed−1%	0.00 pp	22 q
S9QSpirit Aerosystems Hold-cl A	0.01%	164,200	$13M	held	—	6 q
TIFTiffany & Co.	0.01%	100,300	$9M	held	—	3 q
TWTradeweb Markets Inc. Class A	0.01%	229,920	$10M	new	+0.01 pp	new
TPCOTribune Publishing Company	0.01%	2,326,726	$19M	trimmed−3%	−0.01 pp	3 q
OSWOneSpaWorld Holdings Limited	0.01%	1,200,000	$19M	held	—	2 q
ACDVFAir Canada Inc Vtg & Var	0.00%	150,100	$5M	held	—	12 q
unresolvedSyrah Resources	0.00%	200,000	$124,000	trimmed−50%	0.00 pp	5 q
ALGTAllegiant Travel Company	0.00%	47,100	$7M	held	—	25 q
ANETArista Networks	0.00%	11,800	$3M	held	—	21 q
AWIArmstrong World Industries, Inc.	0.00%	47,000	$5M	held	—	11 q
ASNAAscena Retail Group Inc	0.00%	6,663,000	$4M	trimmed−17%	−0.01 pp	25 q
HOMEAt Home Group Inc.	0.00%	87,100	$580,000	trimmed−10%	0.00 pp	2 q
AZOAutoZone, Inc.	0.00%	4,125	$5M	trimmed−14%	0.00 pp	3 q
BJBJs Wholesale Club Holdings, Inc.	0.00%	87,000	$2M	new	0.00 pp	new
BURLBurlington Stores, Inc.	0.00%	36,900	$6M	added+11%	0.00 pp	6 q
CCJCameco Corporation	0.00%	143,600	$2M	new	0.00 pp	new
CWHCamping World Holdings, Inc.	0.00%	387,400	$5M	trimmed−9%	0.00 pp	4 q
CECelanese Corporation	0.00%	10,950	$1M	held	—	25 q
CERNCerner Corp	0.00%	19,400	$1M	held	—	25 q
CMAComerica Incorporated	0.00%	43,600	$3M	held	—	25 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	132,000	$1M	held	—	23 q
NCSCornerstone Building Brands	0.00%	340,000	$2M	new	0.00 pp	new
CRWDCrowdStrike Holdings, Inc. Class A	0.00%	35,000	$2M	new	0.00 pp	new
unresolvedDextera Surgical Inc	0.00%	576,840	$0	held	—	3 q
DBDDiebold Nixdorf, Incorporated	0.00%	295,000	$3M	trimmed−2%	0.00 pp	25 q
FIVEFive Below, Inc.	0.00%	13,200	$2M	trimmed−7%	0.00 pp	5 q
GEF.BGreif, Inc. Class B	0.00%	33,000	$1M	held	—	25 q
HABTThe Habit Restaurants, Inc. - Class A	0.00%	326,000	$3M	held	—	10 q
ICFIICF International, Inc.	0.00%	35,076	$3M	trimmed−65%	−0.01 pp	6 q
NGVTIngevity Corporation	0.00%	22,800	$2M	trimmed−1%	0.00 pp	7 q
JNJJohnson & Johnson	0.00%	4,700	$655,000	held	—	25 q
KTBKontoor Brands, Inc.	0.00%	83,571	$2M	new	0.00 pp	new
LOWLowe's Companies Inc.	0.00%	41,000	$4M	held	—	14 q
MBIIMarrone Bio Innovations, Inc.	0.00%	2,480,710	$4M	trimmed−5%	0.00 pp	24 q
MAXRMaxar Technologies Inc.	0.00%	282,000	$2M	held	—	3 q
MREOMereo BioPharma Group plc	0.00%	696,110	$2M	new	0.00 pp	new
NOVNOV Inc.	0.00%	210,166	$5M	trimmed−4%	0.00 pp	25 q
LASRnLIGHT, Inc.	0.00%	162,600	$3M	trimmed−54%	−0.01 pp	5 q
NTNXNutanix, Inc. Class A	0.00%	227,050	$6M	trimmed−2%	−0.01 pp	9 q
unresolvedOmthera Pharm (Non-tradable) R	0.00%	5,451,400	$0	new	0.00 pp	new
unresolvedOncomed (Non-tradable) Omthera	0.00%	5,451,400	$0	new	0.00 pp	new
OCOwens Corning	0.00%	50,900	$3M	held	—	5 q
PFGCPerformance Food Group Company	0.00%	11,100	$444,000	held	—	9 q
unresolvedPivotal Software Inc	0.00%	571,900	$6M	new	0.00 pp	new
PBHPrestige Consumer Healthcare Inc.	0.00%	42,600	$1M	held	—	7 q
REZIResideo Technologies, Inc.	0.00%	45,160	$990,000	trimmed−64%	0.00 pp	3 q
RBARB Global, Inc.	0.00%	10,507	$349,000	trimmed−33%	0.00 pp	25 q
TUESTuesday Morning Corp	0.00%	2,060,100	$3M	trimmed−6%	0.00 pp	25 q
unresolvedWillscot Corp	0.00%	435,000	$7M	held	—	4 q
ZMZoom Communications, Inc. Class A	0.00%	3,500	$311,000	new	0.00 pp	new
ADNTAdient plc	0.00%	73,520	$2M	held	—	11 q
AXONSio Gene Therapies Inc	0.00%	124,287	$774,000	new	0.00 pp	new
SIGSignet Jewelers Limited	0.00%	49,136	$879,000	trimmed−1%	0.00 pp	11 q
FTITechnipFMC plc	0.00%	197,100	$5M	added+92%	0.00 pp	3 q
unresolvedDowdupont Inc	—	−6,571,310	—	exited	−0.26 pp	—
unresolvedEllie Mae	—	−2,711,045	—	exited	−0.20 pp	—
TRVThe Travelers Companies, Inc.	—	−399,775	—	exited	−0.04 pp	—
PEPPepsiCo, Inc.	—	−200,000	—	exited	−0.02 pp	—
EQIXEquinix, Inc.	—	−20,700	—	exited	−0.01 pp	—
AVYAAvaya Holdings Corp.	—	−81,100	—	exited	0.00 pp	—
CARAvis Budget Group, Inc.	—	−80,000	—	exited	0.00 pp	—
GTTGTT Communications, Inc.	—	−62,400	—	exited	0.00 pp	—
GTXGarrett Motion Inc.	—	−49,158	—	exited	0.00 pp	—
unresolvedNci Building Systems	—	−340,000	—	exited	0.00 pp	—
unresolvedOncomed Pharmaceuticals Inc	—	−5,451,400	—	exited	0.00 pp	—
ROKURoku, Inc. Class A	—	−16,500	—	exited	0.00 pp	—
SAFRFSafran SA Ord	—	−30,000	—	exited	0.00 pp	—
unresolvedAxovant Sciences Ltd	—	−1,052,300	—	exited	0.00 pp	—