PRIMECAP

Q4 2019 13F · by Joel Fried, portfolio manager

As of: Dec 31, 2019
Filed: Feb 14, 2020
US stock: $137.9B · prev $135.2B
Positions: 293 · prev 300
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

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

US stock listed on a US exchange 100.0%
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 0.0%

Moves292 since the prior filing

+3.7 pp in · −3.9 pp out

New 19 +0.26 pp
Added 69 +3.49 pp
Trimmed 178 +1.03 pp
Exited 26 −4.93 pp

The book

Diversified · behaves like 62 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.1% a year, about 14.2 years per position

Low
Moderate
High

Top 5 positions18% of US stock

LLY Eli Lilly & Co. trimmed+0.57 pp trimmed+0.574.1%
ADBE Adobe Inc. trimmed+0.03 pp trimmed+0.033.6%
MSFT Microsoft Corp trimmed+0.07 pp trimmed+0.073.5%
BIIB Biogen Inc. added+0.75 pp added+0.753.3%
AMGN Amgen Inc trimmed+0.66 pp trimmed+0.663.2%

Positions293 in this filing · 26 exited


LLYEli Lilly & Co.	4.11%	43,124,718	$5.7B	trimmed−0%	+0.57 pp	new
ADBEAdobe Inc.	3.63%	15,161,190	$5.0B	trimmed−8%	+0.03 pp	new
MSFTMicrosoft Corp	3.54%	30,982,043	$4.9B	trimmed−12%	+0.07 pp	new
BIIBBiogen Inc.	3.27%	15,189,481	$4.5B	added+4%	+0.75 pp	new
AMGNAmgen Inc	3.20%	18,297,015	$4.4B	trimmed−2%	+0.66 pp	new
TXNTexas Instruments Incorporated	2.96%	31,768,642	$4.1B	trimmed−3%	+0.18 pp	new
LUVSouthwest Airlines Co.	2.81%	71,858,480	$3.9B	trimmed−2%	+0.06 pp	new
UALUnited Airlines Holdings, Inc.	2.37%	37,164,507	$3.3B	trimmed−2%	−0.09 pp	new
BABAAlibaba Group Holding Limited	2.30%	14,974,946	$3.2B	trimmed−2%	+0.39 pp	new
JPMJPMorgan Chase & Co.	2.23%	22,083,445	$3.1B	trimmed−4%	+0.32 pp	new
MUMicron Technology, Inc.	2.18%	55,877,289	$3.0B	trimmed−3%	+0.53 pp	new
AZNNAstrazeneca Plc-spons ADR	2.13%	58,782,366	$2.9B	added+1%	+0.36 pp	new
WFCWells Fargo & Co.	2.00%	51,224,451	$2.8B	added+1%	+0.23 pp	new
SONYSony Group Corporation	1.95%	39,613,728	$2.7B	trimmed−3%	+0.37 pp	new
GOOGLAlphabet Inc. Class A	1.80%	1,857,907	$2.5B	trimmed−11%	+0.13 pp	new
NVSNovartis AG	1.75%	25,472,350	$2.4B	trimmed−1%	+0.02 pp	new
GOOGAlphabet Inc. Class C	1.69%	1,745,994	$2.3B	trimmed−13%	+0.09 pp	new
FDXFedEx Corporation	1.61%	14,700,149	$2.2B	trimmed−2%	−0.21 pp	new
QCOMQualcomm Inc	1.52%	23,682,010	$2.1B	trimmed−4%	+0.13 pp	new
NTAPNetApp, Inc	1.47%	32,566,638	$2.0B	trimmed−2%	−0.05 pp	new
BSXBoston Scientific Corp.	1.46%	44,577,625	$2.0B	trimmed−1%	+0.03 pp	new
AALAmerican Airlines Group Inc.	1.42%	68,459,946	$2.0B	trimmed−0%	−0.23 pp	new
KLACKLA Corporation	1.33%	10,285,435	$1.8B	trimmed−2%	+0.41 pp	new
DALDelta Air Lines, Inc.	1.20%	28,354,605	$1.7B	trimmed−0%	+0.01 pp	new
TMOThermo Fisher Scientific, Inc.	1.12%	4,752,466	$1.5B	trimmed−4%	+0.04 pp	new
INTCIntel Corp	1.08%	24,957,861	$1.5B	added+4%	+0.23 pp	new
BMYBristol-Myers Squibb Co.	1.06%	22,821,855	$1.5B	added+5%	+0.33 pp	new
SCHWThe Charles Schwab Corporation	1.03%	29,974,519	$1.4B	trimmed−5%	+0.09 pp	new
BMRNBioMarin Pharmaceuticals Inc	1.00%	16,329,320	$1.4B	added+14%	+0.10 pp	new
CATCaterpillar Inc.	0.99%	9,269,843	$1.4B	trimmed−1%	+0.04 pp	new
HPEHewlett Packard Enterprise Company	0.97%	84,438,741	$1.3B	trimmed−5%	−0.01 pp	new
BACBank of America Corporation	0.96%	37,595,961	$1.3B	added+3%	+0.18 pp	new
ROSTRoss Stores Inc	0.96%	11,366,819	$1.3B	trimmed−2%	+0.11 pp	new
SGENSeagen Inc.	0.91%	10,951,717	$1.3B	trimmed−23%	+0.19 pp	new
RCLRoyal Caribbean Group	0.89%	9,213,711	$1.2B	trimmed−4%	+0.03 pp	new
ERICEricsson	0.85%	133,828,272	$1.2B	added+1%	−0.08 pp	new
WHRWhirlpool Corp.	0.83%	7,751,410	$1.1B	trimmed−1%	+0.01 pp	new
CCLCarnival Corporation Ltd.	0.81%	22,016,482	$1.1B	added0%	+0.06 pp	new
DFSDiscover Financial Services	0.79%	12,830,046	$1.1B	trimmed−1%	+0.05 pp	new
FLEXFlex Ltd.	0.70%	76,763,434	$969M	trimmed−1%	+0.15 pp	new
ACMAecom	0.69%	22,135,684	$955M	added+2%	+0.08 pp	new
KMXCarMax Inc.	0.69%	10,848,923	$951M	trimmed−4%	−0.03 pp	new
MRSHMarsh	0.69%	8,482,775	$945M	trimmed−1%	+0.06 pp	new
TJXTJX Companies, Inc. (The)	0.69%	15,502,148	$947M	trimmed−0%	+0.08 pp	new
HPQHP Inc.	0.68%	45,947,376	$944M	trimmed−23%	−0.24 pp	new
SPLKSplunk Inc	0.66%	6,100,600	$914M	trimmed−9%	+0.03 pp	new
CSCOCisco Systems, Inc. (DE)	0.65%	18,733,936	$898M	trimmed−6%	−0.16 pp	new
ELANElanco Animal Health Incorporated	0.65%	30,598,365	$901M	trimmed−0%	−0.12 pp	new
PXDPioneer Natural Resource Co.	0.64%	5,860,696	$887M	added+41%	+0.17 pp	new
ABTAbbott Laboratories	0.58%	9,284,302	$806M	trimmed−11%	−0.07 pp	new
NVDANvidia Corp	0.56%	3,276,145	$771M	trimmed−23%	+0.05 pp	new
MATMattel, Inc.	0.51%	51,508,839	$698M	trimmed−1%	+0.08 pp	new
JECJacobs Engineering Group	0.50%	7,739,222	$695M	trimmed−5%	−0.01 pp	new
OLEDUniversal Display Corp	0.50%	3,328,258	$686M	trimmed−29%	−0.15 pp	new
VVISA Inc.	0.50%	3,699,319	$695M	added+4%	+0.04 pp	new
INTUIntuit Inc	0.48%	2,547,391	$667M	trimmed−26%	−0.18 pp	new
ETRAE*trade Financial Corp	0.47%	14,311,265	$649M	added+5%	+0.02 pp	new
TSLATesla, Inc.	0.47%	1,537,130	$643M	added+1%	+0.22 pp	new
AMZNAmazon.Com Inc	0.41%	307,108	$567M	trimmed−4%	−0.04 pp	new
MDTMedtronic plc	0.41%	4,971,600	$564M	trimmed−23%	−0.05 pp	new
HESHess Corporation	0.39%	8,149,315	$544M	trimmed−2%	0.00 pp	new
ABMDAbiomed Inc	0.38%	3,082,840	$526M	trimmed−2%	−0.22 pp	new
ADIAnalog Devices, Inc.	0.38%	4,436,250	$527M	trimmed−8%	−0.02 pp	new
ORCLOracle Corp	0.38%	9,791,129	$519M	added+13%	+0.02 pp	new
unresolvedQiagen N.V	0.37%	14,917,178	$504M	trimmed−2%	−0.09 pp	new
AIYActivision Blizzard Inc	0.36%	8,379,900	$498M	added+3%	+0.07 pp	new
DISThe Walt Disney Company	0.36%	3,470,320	$502M	added+7%	+0.03 pp	new
NTRSNorthern Trust Corp	0.36%	4,724,297	$502M	trimmed−3%	+0.04 pp	new
CCitigroup Inc.	0.35%	5,990,841	$479M	added+2%	+0.05 pp	new
PODDInsulet Corporation	0.35%	2,856,259	$489M	trimmed−37%	−0.05 pp	new
UNPUnion Pacific Corp.	0.35%	2,645,912	$478M	trimmed−2%	+0.01 pp	new
BBBlackBerry Limited	0.33%	71,890,462	$462M	trimmed−1%	−0.07 pp	new
CVSCvs Health Corporation	0.32%	5,973,830	$444M	trimmed−0%	+0.08 pp	new
GLWCorning Incorporated	0.32%	15,027,075	$437M	trimmed−3%	−0.06 pp	new
ZBHZimmer Biomet Holdings, Inc.	0.32%	2,932,920	$439M	added+15%	+0.10 pp	new
ALBAlbemarle Corporation	0.31%	5,798,130	$423M	added0%	+0.01 pp	new
JBLUJetBlue Airways Corp	0.31%	22,475,275	$421M	trimmed−2%	0.00 pp	new
NKTRNektar Therapeutics	0.31%	20,080,348	$433M	added+5%	−0.19 pp	new
ASMLASML Holding NV	0.31%	1,457,112	$431M	trimmed−6%	+0.07 pp	new
ALKAlaska Air Group, Inc.	0.30%	6,038,017	$409M	added0%	+0.02 pp	new
UPSUnited Parcel Service, Inc. Class B	0.30%	3,545,943	$415M	trimmed−1%	+0.03 pp	new
AAgilent Technologies Inc.	0.27%	4,391,106	$375M	trimmed−2%	+0.02 pp	new
unresolvedCree Inc	0.27%	7,955,789	$367M	trimmed−5%	−0.08 pp	new
RIGTransocean LTD.	0.27%	53,235,506	$366M	added+3%	+0.03 pp	new
BABoeing Company	0.26%	1,118,929	$365M	trimmed−11%	−0.08 pp	new
TRMBTrimble Inc.	0.25%	8,396,257	$350M	trimmed−10%	−0.06 pp	new
EPZMEpizyme, Inc	0.24%	13,659,104	$336M	added+33%	+0.14 pp	new
HONHoneywell International, Inc.	0.24%	1,832,855	$324M	trimmed−25%	−0.08 pp	new
LBBath & Body Works, Inc.	0.24%	18,278,971	$331M	trimmed−3%	−0.12 pp	new
CMECME Group Inc.	0.23%	1,602,543	$322M	trimmed−20%	−0.06 pp	new
ILMNIllumina Inc	0.23%	948,783	$315M	trimmed−3%	−0.04 pp	new
USBU.S. Bancorp	0.23%	5,334,879	$316M	added0%	+0.02 pp	new
NCLHNorwegian Cruise Line Holdings Ltd.	0.23%	5,313,250	$310M	trimmed−2%	+0.02 pp	new
AMATApplied Materials Inc	0.22%	4,978,635	$304M	trimmed−1%	+0.05 pp	new
DSGXDescartes Systems Group Inc	0.22%	7,023,609	$300M	trimmed−3%	+0.02 pp	new
KEYSKeysight Technologies, Inc.	0.22%	2,947,850	$303M	trimmed−16%	−0.01 pp	new
MRKMerck & Co., Inc.	0.22%	3,404,100	$310M	trimmed−0%	+0.01 pp	new
PYPLPayPal Holdings, Inc.	0.22%	2,782,490	$301M	trimmed−19%	−0.07 pp	new
TXTTextron, Inc.	0.21%	6,466,030	$288M	added+17%	−0.01 pp	new
ALKSAlkermes Inc. plc	0.21%	14,100,176	$288M	trimmed−39%	−0.18 pp	new
RJFRaymond James Financial, Inc.	0.20%	3,135,150	$280M	added+45%	+0.06 pp	new
MKTXMarketAxess Holdings Inc.	0.19%	689,220	$261M	trimmed−2%	+0.02 pp	new
UTXZRTX Corporation	0.19%	1,706,762	$256M	added+53%	+0.08 pp	new
ALCAlcon Inc.	0.19%	4,702,281	$266M	trimmed−2%	−0.03 pp	new
AAPLApple Inc.	0.18%	840,800	$247M	trimmed−0%	+0.06 pp	new
RVTYRevvity, Inc.	0.18%	2,556,345	$248M	trimmed−6%	−0.01 pp	new
ENTGEntegris Inc	0.17%	4,626,257	$232M	trimmed−3%	+0.04 pp	new
CHGGChegg, Inc.	0.16%	5,862,300	$222M	trimmed−13%	−0.03 pp	new
XNCRXencor, Inc.	0.16%	6,507,313	$224M	trimmed−13%	−0.07 pp	new
IRBTiRobot Corporation	0.15%	3,987,700	$202M	trimmed−1%	−0.12 pp	new
TDGTransDigm Group Incorporated	0.15%	380,794	$213M	added+10%	+0.03 pp	new
CWCurtiss-Wright Corp.	0.14%	1,326,600	$187M	trimmed−1%	+0.01 pp	new
PGRProgressive Corporation	0.14%	2,686,320	$194M	trimmed−2%	−0.02 pp	new
PROPros Holdings, Inc.	0.14%	3,131,100	$188M	trimmed−4%	−0.01 pp	new
EOGEOG Resources, Inc.	0.13%	2,158,792	$181M	trimmed−1%	−0.02 pp	new
MGMMgm Resorts International	0.13%	5,345,100	$178M	trimmed−0%	+0.02 pp	new
VMWVMware, Inc	0.13%	1,204,295	$183M	trimmed−3%	−0.02 pp	new
ONCBeOne Medicines Ltd.	0.12%	998,577	$166M	added+8%	+0.03 pp	new
GDGeneral Dynamics Corporation	0.12%	907,470	$160M	added+4%	0.00 pp	new
DDDuPont de Nemours, Inc.	0.11%	2,305,261	$148M	trimmed−1%	−0.02 pp	new
JBLJabil Inc.	0.11%	3,808,950	$157M	trimmed−2%	+0.02 pp	new
MARMarriott International Class A	0.11%	1,036,496	$157M	trimmed−3%	0.00 pp	new
NUANNuance Communications, Inc.	0.11%	8,565,743	$153M	trimmed−2%	+0.01 pp	new
SSYSStratasys Inc (ISRAEL)	0.11%	7,435,700	$150M	trimmed−1%	−0.05 pp	new
DOWDow Inc.	0.10%	2,475,956	$136M	added+13%	+0.02 pp	new
EXKExact Sciences Corp	0.10%	1,506,500	$139M	trimmed−16%	−0.06 pp	new
NOKNokia Corporation	0.10%	35,918,600	$133M	added×5.0	+0.07 pp	new
PLTPlantronics Inc	0.10%	5,051,150	$138M	added+13%	−0.02 pp	new
unresolvedSprint Corporation	0.10%	25,666,500	$134M	trimmed−20%	−0.06 pp	new
TERTeradyne, Inc.	0.10%	1,944,107	$133M	trimmed−4%	+0.03 pp	new
CPRICapri Holdings Limited	0.10%	3,793,100	$145M	added+84%	+0.05 pp	new
EBAYeBay Inc	0.09%	3,453,600	$125M	trimmed−55%	−0.13 pp	new
EWEdwards Lifesciences Corp	0.09%	535,000	$125M	held	—	new
DEDeere & Company	0.08%	631,600	$109M	trimmed−75%	−0.23 pp	new
EAElectronic Arts Inc	0.08%	984,225	$106M	trimmed−1%	+0.01 pp	new
FORMFormFactor Inc.	0.08%	4,446,875	$115M	trimmed−2%	+0.03 pp	new
IMAXImax Corp	0.08%	5,518,600	$113M	trimmed−3%	−0.01 pp	new
NWLNewell Brands Inc.	0.08%	5,806,360	$112M	added+30%	+0.03 pp	new
LIVNLivaNova PLC	0.08%	1,440,600	$109M	added×3.0	+0.05 pp	new
CBOECboe Global Markets, Inc.	0.07%	830,200	$100M	added+1%	+0.01 pp	new
IEXIDEX Corporation	0.07%	581,745	$100M	trimmed−1%	−0.01 pp	new
MXLMaxLinear, Inc.	0.07%	4,800,772	$102M	added+1%	−0.01 pp	new
MFGPMicro Focus International plc.	0.07%	7,081,781	$99M	trimmed−28%	−0.12 pp	new
SNYSanofi	0.07%	1,910,300	$96M	trimmed−1%	+0.01 pp	new
CTRACoterra Energy Inc.	0.06%	4,919,354	$86M	added+40%	0.00 pp	new
CHTRCharter Comm Inc Del CL A New	0.06%	161,700	$78M	trimmed−0%	+0.01 pp	new
CMCSAComcast Corp	0.06%	1,828,900	$82M	added+8%	+0.01 pp	new
DXCDXC Technology Company	0.06%	2,303,029	$87M	trimmed−18%	−0.05 pp	new
MAMastercard Incorporated	0.06%	290,574	$87M	added×3.6	+0.04 pp	new
NBLNoble Energy, Inc.	0.06%	3,480,147	$86M	added+67%	+0.03 pp	new
ACLSAxcelis Technologies Inc	0.05%	2,891,100	$70M	trimmed−2%	+0.02 pp	new
BNTXBioNTech SE	0.05%	2,128,182	$72M	new	+0.05 pp	new
CTVACorteva, Inc.	0.05%	2,341,918	$69M	added+1%	0.00 pp	new
HLTHilton Worldwide Holdings Inc.	0.05%	635,165	$70M	trimmed−8%	0.00 pp	new
HUBSHubspot, Inc.	0.05%	441,750	$70M	trimmed−3%	−0.01 pp	new
NMIHNMI Holdings Inc.	0.05%	2,279,449	$76M	added0%	0.00 pp	new
PANWPalo Alto Networks, Inc.	0.05%	269,960	$62M	added+31%	+0.02 pp	new
QSRRestaurant Brands International Inc.	0.05%	1,156,500	$74M	added+8%	−0.01 pp	new
ROKRockwell Automation, Inc.	0.05%	307,955	$62M	trimmed−0%	+0.01 pp	new
ULTAUlta Beauty, Inc.	0.05%	297,900	$75M	added+6%	−0.02 pp	new
ARNAArena Pharmaceuticals Inc	0.04%	1,291,000	$59M	trimmed−15%	−0.03 pp	new
CSXCSX Corporation	0.04%	734,200	$53M	trimmed−39%	−0.03 pp	new
CALACalithera Biosciences Inc	0.04%	9,488,000	$54M	new	+0.04 pp	new
CRLCharles River Laboratories International, Inc.	0.04%	382,200	$58M	trimmed−3%	0.00 pp	new
LVSLas Vegas Sands Corp.	0.04%	831,900	$57M	trimmed−3%	0.00 pp	new
MNTAMomenta Pharmaceuticals, Inc.	0.04%	2,749,400	$54M	trimmed−11%	+0.01 pp	new
NNBRNN Inc	0.04%	6,336,400	$59M	trimmed−0%	−0.01 pp	new
NUVANuVasive, Inc.	0.04%	780,100	$60M	trimmed−4%	0.00 pp	new
SLBSLB Limited	0.04%	1,290,956	$52M	trimmed−35%	−0.02 pp	new
TSNTyson Foods, Inc.	0.04%	667,500	$61M	trimmed−2%	0.00 pp	new
VFCV.F. Corporation	0.04%	585,000	$58M	held	—	new
WDCWestern Digital Corp.	0.04%	847,086	$54M	trimmed−19%	0.00 pp	new
99952EURLinde PLC/OLD	0.04%	275,000	$59M	trimmed−81%	−0.17 pp	new
ALTRAltair Engineering Inc. Class A	0.03%	1,336,600	$48M	added+16%	0.00 pp	new
MOAltria Group, Inc.	0.03%	788,424	$39M	added+32%	+0.01 pp	new
CERSCerus Corp	0.03%	11,300,000	$48M	held	—	new
SCORcomScore, Inc.	0.03%	7,870,285	$39M	trimmed−10%	0.00 pp	new
FAROFaro Technologies Inc	0.03%	872,378	$44M	trimmed−27%	−0.02 pp	new
FGENKyntra Bio, Inc.	0.03%	1,043,374	$45M	new	+0.03 pp	new
LYFTLyft, Inc. Class A	0.03%	821,400	$35M	trimmed−1%	−0.01 pp	new
NSCNorfolk Southern Corp.	0.03%	225,000	$44M	held	—	new
PFNXPfenex Inc.	0.03%	3,338,400	$37M	trimmed−0%	+0.01 pp	new
RYTMRhythm Pharmaceuticals, Inc.	0.03%	2,093,691	$48M	new	+0.03 pp	new
RYAAYRyanair Holdings plc	0.03%	528,600	$46M	held	—	new
SYKStryker Corporation	0.03%	225,500	$47M	held	—	new
TMUST-Mobile US, Inc.	0.03%	451,900	$35M	held	—	new
PNRPentair plc	0.03%	984,480	$45M	trimmed−33%	−0.01 pp	new
AM6Amicus Therapeutics Inc	0.02%	2,295,000	$22M	new	+0.02 pp	new
ARLOArlo Technologies, Inc.	0.02%	4,937,340	$21M	trimmed−3%	0.00 pp	new
AXONAxon Enterprise, Inc.	0.02%	427,000	$31M	trimmed−14%	0.00 pp	new
CRNCCerence Inc.	0.02%	947,017	$21M	new	+0.02 pp	new
DELLDell Technologies Inc.	0.02%	581,364	$30M	trimmed−23%	−0.01 pp	new
METAMeta Platforms, Inc. Class A	0.02%	128,400	$26M	held	—	new
LABStandard BioTools Inc.	0.02%	6,477,843	$23M	trimmed−2%	−0.04 pp	new
FSCTForeScout Technologies, Inc.	0.02%	791,750	$26M	new	+0.02 pp	new
GILGildan Activewear Inc.	0.02%	1,140,000	$34M	trimmed−5%	−0.01 pp	new
unresolvedGlaxosmithkline PLC	0.02%	559,300	$26M	trimmed−1%	0.00 pp	new
HANHawaiian Holdings Inc	0.02%	953,200	$28M	held	—	new
LGF.BLions Gate Entertainment Corp. Class B Non-Voting Shares	0.02%	2,814,200	$28M	trimmed−0%	0.00 pp	new
MCDMcDonald's Corporation	0.02%	165,400	$33M	added+18%	0.00 pp	new
MYOKMyoKardia, Inc.	0.02%	296,726	$22M	added+10%	+0.01 pp	new
OSISOSI Systems Inc	0.02%	236,100	$24M	added0%	0.00 pp	new
ODFLOld Dominion Freight Line	0.02%	177,300	$34M	held	—	new
PRSPPerspecta Inc	0.02%	859,101	$23M	trimmed−48%	−0.01 pp	new
PINSPinterest, Inc. Class A	0.02%	1,690,800	$32M	added×2.6	+0.01 pp	new
PEGPublic Service Enterprise Group Incorporated	0.02%	365,279	$22M	trimmed−2%	0.00 pp	new
SW5Southwestern Energy Co	0.02%	13,265,575	$32M	trimmed−1%	−0.01 pp	new
SPPISpectrum Pharmaceuticals Inc	0.02%	6,416,000	$23M	trimmed−42%	−0.05 pp	new
SAVEQSpirit Airlines, Inc.	0.02%	612,765	$25M	trimmed−0%	0.00 pp	new
TPCOTribune Publishing Company	0.02%	2,170,676	$29M	trimmed−7%	+0.01 pp	new
unresolved2U Inc	0.02%	1,222,700	$29M	added+1%	−0.01 pp	new
NVTnVent Electric plc	0.02%	923,700	$24M	trimmed−34%	−0.01 pp	new
ARAYAccuray Incorporated	0.01%	4,508,595	$13M	trimmed−4%	0.00 pp	new
ALGTAllegiant Travel Company	0.01%	45,600	$8M	trimmed−3%	+0.01 pp	new
ADSKAutodesk Inc	0.01%	107,000	$20M	added+19%	0.00 pp	new
BIDUBaidu, Inc.	0.01%	153,605	$19M	new	+0.01 pp	new
BOOTBoot Barn Holdings, Inc.	0.01%	405,000	$18M	trimmed−48%	−0.01 pp	new
BURLBurlington Stores, Inc.	0.01%	41,250	$9M	added+12%	+0.01 pp	new
CVGWCalavo Growers Inc	0.01%	114,900	$10M	trimmed−15%	0.00 pp	new
CIRCircor International Inc	0.01%	180,000	$8M	trimmed−45%	0.00 pp	new
unresolvedColfax Corp	0.01%	555,700	$20M	new	+0.01 pp	new
STZConstellation Brands, Inc.	0.01%	45,600	$9M	trimmed−12%	0.00 pp	new
CRWDCrowdStrike Holdings, Inc. Class A	0.01%	163,390	$8M	added×4.7	+0.01 pp	new
96669EURDmrc LLC	0.01%	355,000	$12M	trimmed−1%	0.00 pp	new
ROCKGibraltar Industries, Inc.	0.01%	258,800	$13M	trimmed−0%	0.00 pp	new
GKOSGlaukos Corporation	0.01%	318,200	$17M	added+17%	−0.01 pp	new
IMGNImmunogen Inc	0.01%	3,674,927	$19M	trimmed−2%	0.00 pp	new
KRThe Kroger Co.	0.01%	316,000	$9M	new	+0.01 pp	new
LGFLions Gate Entertainment-a	0.01%	1,860,186	$20M	trimmed−0%	−0.01 pp	new
MTLSMaterialise NV	0.01%	901,800	$17M	added+1%	0.00 pp	new
MATXMatsons, Inc.	0.01%	300,600	$12M	new	+0.01 pp	new
MCYMercury General Corp.	0.01%	276,200	$13M	trimmed−2%	0.00 pp	new
LASRnLIGHT, Inc.	0.01%	735,321	$15M	added×4.5	+0.01 pp	new
NTNXNutanix, Inc. Class A	0.01%	327,750	$10M	added+44%	+0.01 pp	new
OSUROraSure Technologies Inc	0.01%	1,676,200	$13M	trimmed−2%	0.00 pp	new
PENPenumbra, Inc.	0.01%	55,920	$9M	trimmed−3%	0.00 pp	new
PMPhilip Morris International Inc.	0.01%	208,000	$18M	trimmed−2%	0.00 pp	new
RMBSRambus Inc	0.01%	925,345	$13M	trimmed−26%	0.00 pp	new
CRMSalesforce, Inc.	0.01%	50,000	$8M	trimmed−93%	−0.07 pp	new
6SSServicesource International	0.01%	10,984,733	$18M	trimmed−17%	0.00 pp	new
TWTradeweb Markets Inc. Class A	0.01%	230,800	$11M	added0%	0.00 pp	new
WATWaters Corp	0.01%	82,740	$19M	trimmed−73%	−0.04 pp	new
unresolvedWillscot Corp	0.01%	435,000	$8M	held	—	new
OSWOneSpaWorld Holdings Limited	0.01%	1,200,000	$20M	held	—	new
WVEWave Life Sciences Ltd.	0.01%	1,293,720	$10M	new	+0.01 pp	new
ANGIAngi Inc. Class A	0.00%	705,962	$6M	added+22%	−0.01 pp	new
AYIAcuity Inc.	0.00%	7,000	$966,000	trimmed−88%	−0.01 pp	new
ACDVFAir Canada Inc Vtg & Var	0.00%	150,100	$6M	held	—	new
AREAlexandria Real Estate Equities, Inc.	0.00%	26,500	$4M	new	0.00 pp	new
AXPAmerican Express Company	0.00%	18,800	$2M	trimmed−86%	−0.01 pp	new
ABUSArbutus Biopharma Corporation	0.00%	600,000	$2M	trimmed−85%	−0.01 pp	new
ANETArista Networks	0.00%	25,500	$5M	added×2.2	0.00 pp	new
AWIArmstrong World Industries, Inc.	0.00%	47,000	$4M	held	—	new
ASNAQAscena Retail Group Inc	0.00%	219,650	$2M	trimmed−34%	0.00 pp	new
HOMEAt Home Group Inc.	0.00%	87,100	$479,000	held	—	new
AZOAutoZone, Inc.	0.00%	3,625	$4M	trimmed−12%	0.00 pp	new
BJBJs Wholesale Club Holdings, Inc.	0.00%	173,000	$4M	added+99%	0.00 pp	new
BEBloom Energy Corporation	0.00%	70,600	$527,000	new	0.00 pp	new
CCJCameco Corporation	0.00%	229,500	$2M	added+60%	0.00 pp	new
CWHCamping World Holdings, Inc.	0.00%	363,000	$5M	trimmed−6%	0.00 pp	new
CECelanese Corporation	0.00%	10,950	$1M	held	—	new
CERNCerner Corp	0.00%	19,400	$1M	held	—	new
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	132,000	$1M	held	—	new
NCSCornerstone Building Brands	0.00%	340,000	$3M	held	—	new
unresolvedDextera Surgical Inc	0.00%	576,840	$0	held	—	new
DBDDiebold Nixdorf, Incorporated	0.00%	295,000	$3M	held	—	new
ETMEntercom Communications	0.00%	300,000	$1M	trimmed−85%	−0.01 pp	new
FIVEFive Below, Inc.	0.00%	13,200	$2M	held	—	new
GEF.BGreif, Inc. Class B	0.00%	33,000	$2M	held	—	new
HABTThe Habit Restaurants, Inc. - Class A	0.00%	326,000	$3M	held	—	new
NGVTIngevity Corporation	0.00%	19,300	$2M	trimmed−15%	0.00 pp	new
LOWLowe's Companies Inc.	0.00%	37,800	$5M	trimmed−8%	0.00 pp	new
MTSIMACOM Technology Solutions Holdings, Inc	0.00%	165,600	$4M	new	0.00 pp	new
MBIIMarrone Bio Innovations, Inc.	0.00%	2,320,600	$2M	trimmed−6%	0.00 pp	new
MAXRMaxar Technologies Inc.	0.00%	287,000	$4M	added+2%	0.00 pp	new
MREOMereo BioPharma Group plc	0.00%	601,762	$2M	trimmed−14%	0.00 pp	new
NOVNOV Inc.	0.00%	199,666	$5M	trimmed−5%	0.00 pp	new
NFLXNetFlix Inc	0.00%	5,500	$2M	trimmed−72%	−0.01 pp	new
OCOwens Corning	0.00%	50,900	$3M	held	—	new
PFGCPerformance Food Group Company	0.00%	11,100	$571,000	held	—	new
unresolvedPluralsight	0.00%	270,300	$5M	new	0.00 pp	new
PBHPrestige Consumer Healthcare Inc.	0.00%	41,400	$2M	trimmed−3%	0.00 pp	new
RPDRapid7, Inc.	0.00%	55,000	$3M	new	0.00 pp	new
REZIResideo Technologies, Inc.	0.00%	30,037	$358,000	trimmed−33%	0.00 pp	new
RUBIMagnite, Inc.	0.00%	333,600	$3M	trimmed−74%	−0.01 pp	new
SGISomnigroup International Inc.	0.00%	32,800	$3M	trimmed−92%	−0.02 pp	new
TIFTiffany & Co.	0.00%	30,900	$4M	trimmed−69%	−0.01 pp	new
TUESTuesday Morning Corp	0.00%	2,025,000	$4M	trimmed−2%	0.00 pp	new
PARAParamount Global-class B	0.00%	155,000	$7M	new	0.00 pp	new
ADNTAdient plc	0.00%	73,520	$2M	held	—	new
AXONSio Gene Therapies Inc	0.00%	120,425	$617,000	trimmed−3%	0.00 pp	new
FTITechnipFMC plc	0.00%	269,200	$6M	added+37%	0.00 pp	new
CYBRCyberark Software LTD/ISRAEL	0.00%	28,300	$3M	new	0.00 pp	new
unresolvedEads Industrial - Eur	—	−16,513,798	—	exited	−1.73 pp	—
unresolvedSIEMENS AG-Reg	—	−13,636,303	—	exited	−1.20 pp	—
unresolvedRoche Holding Ag-chf	—	−5,560,379	—	exited	−1.16 pp	—
AABAAltaba Inc.	—	−5,249,910	—	exited	−0.27 pp	—
unresolvedSiemens Healthineers AG - Rest	—	−7,316,721	—	exited	−0.23 pp	—
SFLYShutterfly, Inc.	—	−4,939,582	—	exited	−0.18 pp	—
unresolvedBeigene Ltd	—	−6,350,100	—	exited	−0.05 pp	—
TRCOTribune Media Company Class A	—	−1,091,930	—	exited	−0.04 pp	—
ADVMAdverum Biotechnologies, Inc.	—	−1,082,000	—	exited	−0.01 pp	—
unresolvedDhx Media Ltd	—	−6,950,000	—	exited	−0.01 pp	—
OPTUOptimum Communications, Inc.	—	−614,500	—	exited	−0.01 pp	—
unresolvedCBS Corp	—	−350,000	—	exited	−0.01 pp	—
CRAYCray, Inc.	—	−326,900	—	exited	−0.01 pp	—
HRIHerc Holdings Inc.	—	−250,739	—	exited	−0.01 pp	—
S9QSpirit Aerosystems Hold-cl A	—	−164,200	—	exited	−0.01 pp	—
unresolvedSyrah Resources	—	−200,000	—	exited	0.00 pp	—
CMAComerica Incorporated	—	−43,600	—	exited	0.00 pp	—
ICFIICF International, Inc.	—	−35,076	—	exited	0.00 pp	—
JNJJohnson & Johnson	—	−4,700	—	exited	0.00 pp	—
KTBKontoor Brands, Inc.	—	−83,571	—	exited	0.00 pp	—
unresolvedOmthera Pharm (Non-tradable) R	—	−5,451,400	—	exited	0.00 pp	—
unresolvedOncomed (Non-tradable) Omthera	—	−5,451,400	—	exited	0.00 pp	—
unresolvedPivotal Software Inc	—	−571,900	—	exited	0.00 pp	—
RBARB Global, Inc.	—	−10,507	—	exited	0.00 pp	—
ZMZoom Communications, Inc. Class A	—	−3,500	—	exited	0.00 pp	—
SIGSignet Jewelers Limited	—	−49,136	—	exited	0.00 pp	—