PRIMECAP

Q2 2020 13F · by Joel Fried, portfolio manager

As of: Jun 30, 2020
Filed: Aug 13, 2020
US stock: $116.5B · prev $102.0B
Positions: 306 · prev 296
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%

Moves278 since the prior filing

+1.7 pp in · −1.8 pp out

New 19 +0.66 pp
Added 57 +1.04 pp
Trimmed 193 −1.57 pp
Exited 9 −0.21 pp

The book

Diversified · behaves like 56 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 5.0% a year, about 19.8 years per position

Low
Moderate
High

Top 5 positions21% of US stock

LLY Eli Lilly & Co. trimmed−0.12 pp trimmed−0.125.6%
MSFT Microsoft Corp trimmed+0.19 pp trimmed+0.194.2%
ADBE Adobe Inc. trimmed+0.21 pp trimmed+0.214.1%
AMGN Amgen Inc trimmed−0.03 pp trimmed−0.033.6%
BIIB Biogen Inc. trimmed−1.36 pp trimmed−1.363.6%

Positions306 in this filing · 9 exited


LLYEli Lilly & Co.	5.58%	39,627,957	$6.5B	trimmed−6%	−0.12 pp	3 q
MSFTMicrosoft Corp	4.17%	23,906,408	$4.9B	trimmed−7%	+0.19 pp	3 q
ADBEAdobe Inc.	4.11%	11,002,288	$4.8B	trimmed−12%	+0.21 pp	3 q
AMGNAmgen Inc	3.64%	17,962,930	$4.2B	trimmed−3%	−0.03 pp	3 q
BIIBBiogen Inc.	3.59%	15,631,932	$4.2B	trimmed−2%	−1.36 pp	3 q
TXNTexas Instruments Incorporated	2.87%	26,355,293	$3.3B	trimmed−7%	+0.10 pp	3 q
BABAAlibaba Group Holding Limited	2.45%	13,211,926	$2.8B	trimmed−4%	−0.18 pp	3 q
AZNNAstrazeneca Plc-spons ADR	2.44%	53,661,737	$2.8B	trimmed−5%	−0.04 pp	3 q
MUMicron Technology, Inc.	2.28%	51,464,679	$2.7B	trimmed−4%	+0.07 pp	3 q
LUVSouthwest Airlines Co.	2.03%	69,190,098	$2.4B	added+2%	−0.34 pp	3 q
GOOGLAlphabet Inc. Class A	1.99%	1,635,868	$2.3B	trimmed−5%	+0.03 pp	3 q
SONYSony Group Corporation	1.96%	32,979,355	$2.3B	trimmed−6%	−0.08 pp	3 q
BMRNBioMarin Pharmaceuticals Inc	1.89%	17,883,971	$2.2B	added0%	+0.41 pp	3 q
NVSNovartis AG	1.74%	23,267,270	$2.0B	trimmed−3%	−0.20 pp	3 q
GOOGAlphabet Inc. Class C	1.72%	1,415,823	$2.0B	trimmed−8%	−0.04 pp	3 q
KLACKLA Corporation	1.67%	10,005,289	$1.9B	trimmed−3%	+0.21 pp	3 q
QCOMQualcomm Inc	1.66%	21,184,833	$1.9B	trimmed−10%	+0.11 pp	3 q
FDXFedEx Corporation	1.63%	13,583,039	$1.9B	trimmed−1%	0.00 pp	3 q
TMOThermo Fisher Scientific, Inc.	1.47%	4,740,441	$1.7B	trimmed−2%	+0.12 pp	3 q
JPMJPMorgan Chase & Co.	1.40%	17,348,490	$1.6B	trimmed−11%	−0.32 pp	3 q
INTCIntel Corp	1.27%	24,643,461	$1.5B	trimmed−3%	−0.08 pp	3 q
BSXBoston Scientific Corp.	1.26%	41,681,905	$1.5B	trimmed−1%	−0.09 pp	3 q
TSLATesla, Inc.	1.22%	1,318,515	$1.4B	trimmed−15%	+0.43 pp	3 q
NTAPNetApp, Inc	1.13%	29,726,938	$1.3B	trimmed−3%	−0.13 pp	3 q
BMYBristol-Myers Squibb Co.	1.04%	20,623,795	$1.2B	trimmed−5%	−0.15 pp	3 q
WFCWells Fargo & Co.	1.03%	46,714,300	$1.2B	trimmed−1%	−0.30 pp	3 q
ERICEricsson	1.00%	125,806,972	$1.2B	trimmed−2%	−0.02 pp	3 q
SGENSeagen Inc.	1.00%	6,884,432	$1.2B	trimmed−8%	+0.15 pp	3 q
AMZNAmazon.Com Inc	0.93%	392,650	$1.1B	added+2%	+0.19 pp	3 q
UALUnited Airlines Holdings, Inc.	0.90%	30,322,590	$1.0B	trimmed−12%	−0.16 pp	3 q
NVDANvidia Corp	0.87%	2,675,810	$1.0B	trimmed−6%	+0.14 pp	3 q
SPLKSplunk Inc	0.85%	4,990,520	$992M	trimmed−11%	+0.15 pp	3 q
BIDUBaidu, Inc.	0.83%	8,087,705	$970M	added+10%	+0.10 pp	3 q
SCHWThe Charles Schwab Corporation	0.83%	28,780,049	$971M	trimmed−1%	−0.13 pp	3 q
BACBank of America Corporation	0.82%	40,079,661	$952M	trimmed−1%	−0.03 pp	3 q
ROSTRoss Stores Inc	0.80%	10,894,879	$929M	trimmed−3%	−0.15 pp	3 q
WHRWhirlpool Corp.	0.77%	6,949,680	$900M	trimmed−4%	+0.16 pp	3 q
ACMAecom	0.73%	22,713,471	$854M	trimmed−4%	+0.04 pp	3 q
KMXCarMax Inc.	0.72%	9,433,973	$845M	trimmed−8%	+0.18 pp	3 q
MRSHMarsh	0.72%	7,867,510	$845M	trimmed−2%	+0.04 pp	3 q
INTUIntuit Inc	0.70%	2,758,266	$817M	trimmed−2%	+0.07 pp	3 q
CATCaterpillar Inc.	0.68%	6,254,225	$791M	trimmed−20%	−0.21 pp	3 q
TJXTJX Companies, Inc. (The)	0.65%	15,042,048	$761M	trimmed−2%	−0.07 pp	3 q
FLEXFlex Ltd.	0.64%	72,436,363	$742M	trimmed−4%	+0.02 pp	3 q
ELANElanco Animal Health Incorporated	0.63%	34,226,255	$734M	trimmed−1%	−0.13 pp	3 q
HPEHewlett Packard Enterprise Company	0.61%	73,301,533	$713M	trimmed−6%	−0.13 pp	3 q
VVISA Inc.	0.59%	3,545,619	$685M	trimmed−2%	+0.02 pp	3 q
AALAmerican Airlines Group Inc.	0.58%	51,872,366	$678M	trimmed−20%	−0.19 pp	3 q
DALDelta Air Lines, Inc.	0.57%	23,756,665	$666M	trimmed−17%	−0.23 pp	3 q
ABMDAbiomed Inc	0.55%	2,642,812	$638M	trimmed−10%	+0.13 pp	3 q
JECJacobs Engineering Group	0.53%	7,311,972	$620M	trimmed−5%	−0.07 pp	3 q
ABTAbbott Laboratories	0.52%	6,674,782	$610M	trimmed−4%	−0.02 pp	3 q
HPQHP Inc.	0.51%	34,417,536	$600M	trimmed−6%	−0.11 pp	3 q
ETRAE*trade Financial Corp	0.49%	11,560,105	$575M	trimmed−3%	+0.09 pp	3 q
unresolvedQiagen N.V	0.48%	13,133,386	$562M	trimmed−8%	−0.10 pp	3 q
AIYActivision Blizzard Inc	0.47%	7,209,800	$547M	trimmed−2%	+0.04 pp	3 q
ORCLOracle Corp	0.47%	9,808,329	$542M	trimmed−2%	0.00 pp	3 q
ADIAnalog Devices, Inc.	0.46%	4,354,960	$534M	trimmed−1%	+0.07 pp	3 q
PXDPioneer Natural Resource Co.	0.46%	5,499,596	$537M	trimmed−2%	+0.07 pp	3 q
UNPUnion Pacific Corp.	0.45%	3,095,712	$523M	added+1%	+0.03 pp	3 q
CSCOCisco Systems, Inc. (DE)	0.42%	10,507,465	$490M	trimmed−4%	0.00 pp	3 q
MATMattel, Inc.	0.40%	48,732,309	$471M	trimmed−4%	−0.04 pp	3 q
NKTRNektar Therapeutics	0.39%	19,406,599	$449M	trimmed−5%	+0.03 pp	3 q
ASMLASML Holding NV	0.39%	1,249,987	$460M	new	+0.39 pp	new
DISThe Walt Disney Company	0.38%	3,994,517	$445M	trimmed−10%	−0.04 pp	3 q
HESHess Corporation	0.38%	8,477,605	$439M	trimmed−9%	+0.08 pp	3 q
ZBHZimmer Biomet Holdings, Inc.	0.37%	3,605,300	$430M	added+5%	+0.03 pp	3 q
PYPLPayPal Holdings, Inc.	0.36%	2,416,410	$421M	trimmed−2%	+0.13 pp	3 q
ALBAlbemarle Corporation	0.34%	5,193,180	$401M	trimmed−4%	+0.04 pp	3 q
OLEDUniversal Display Corp	0.34%	2,649,415	$396M	trimmed−6%	−0.02 pp	3 q
unresolvedCree Inc	0.33%	6,505,961	$385M	trimmed−11%	+0.08 pp	3 q
PODDInsulet Corporation	0.32%	1,934,550	$376M	trimmed−8%	−0.02 pp	3 q
UPSUnited Parcel Service, Inc. Class B	0.31%	3,282,143	$365M	trimmed−2%	0.00 pp	3 q
GLWCorning Incorporated	0.30%	13,504,875	$350M	trimmed−3%	+0.02 pp	3 q
NTRSNorthern Trust Corp	0.30%	4,405,137	$350M	trimmed−4%	−0.04 pp	3 q
CVSCvs Health Corporation	0.29%	5,135,945	$334M	trimmed−2%	−0.02 pp	3 q
DFSDiscover Financial Services	0.29%	6,782,511	$340M	trimmed−43%	−0.13 pp	3 q
AMATApplied Materials Inc	0.28%	5,390,635	$326M	trimmed−7%	+0.02 pp	3 q
ONCBeOne Medicines Ltd.	0.28%	1,756,197	$331M	added+3%	+0.07 pp	3 q
ILMNIllumina Inc	0.28%	871,698	$323M	trimmed−6%	+0.03 pp	3 q
TRMBTrimble Inc.	0.28%	7,588,915	$328M	trimmed−4%	+0.03 pp	3 q
AAgilent Technologies Inc.	0.27%	3,505,206	$310M	trimmed−9%	0.00 pp	3 q
BBBlackBerry Limited	0.27%	63,499,262	$311M	trimmed−5%	0.00 pp	3 q
RCLRoyal Caribbean Group	0.27%	6,297,905	$317M	trimmed−15%	+0.04 pp	3 q
DSGXDescartes Systems Group Inc	0.26%	5,643,465	$299M	trimmed−14%	+0.04 pp	3 q
RJFRaymond James Financial, Inc.	0.26%	4,422,995	$304M	added+1%	−0.01 pp	3 q
TMUST-Mobile US, Inc.	0.26%	2,906,902	$303M	added×6.5	+0.22 pp	3 q
AAPLApple Inc.	0.25%	784,900	$286M	trimmed−2%	+0.05 pp	3 q
IRBTiRobot Corporation	0.24%	3,298,113	$277M	trimmed−13%	+0.09 pp	3 q
CCLCarnival Corporation Ltd.	0.23%	16,015,427	$263M	trimmed−14%	−0.01 pp	3 q
CCitigroup Inc.	0.23%	5,151,791	$263M	trimmed−5%	+0.01 pp	3 q
TDGTransDigm Group Incorporated	0.23%	614,194	$272M	trimmed−5%	+0.03 pp	3 q
MKTXMarketAxess Holdings Inc.	0.22%	513,220	$257M	trimmed−14%	+0.02 pp	3 q
ENTGEntegris Inc	0.21%	4,159,541	$246M	trimmed−1%	+0.03 pp	3 q
EPZMEpizyme, Inc	0.21%	15,055,837	$242M	added+11%	0.00 pp	3 q
METAMeta Platforms, Inc. Class A	0.21%	1,078,300	$245M	added+3%	+0.04 pp	3 q
KEYSKeysight Technologies, Inc.	0.20%	2,347,790	$237M	trimmed−7%	−0.01 pp	3 q
MDTMedtronic plc	0.20%	2,578,430	$236M	trimmed−3%	−0.04 pp	3 q
ALCAlcon Inc.	0.20%	4,082,955	$234M	trimmed−2%	−0.01 pp	3 q
FGENKyntra Bio, Inc.	0.19%	5,481,883	$222M	added+9%	+0.02 pp	3 q
MRKMerck & Co., Inc.	0.19%	2,812,500	$217M	trimmed−9%	−0.04 pp	3 q
RVTYRevvity, Inc.	0.19%	2,204,595	$216M	trimmed−8%	+0.01 pp	3 q
TXTTextron, Inc.	0.19%	6,669,700	$220M	added0%	+0.02 pp	3 q
CHGGChegg, Inc.	0.18%	3,150,000	$212M	trimmed−6%	+0.06 pp	3 q
JBLUJetBlue Airways Corp	0.18%	18,999,625	$207M	trimmed−8%	0.00 pp	3 q
LBBath & Body Works, Inc.	0.18%	13,988,174	$209M	trimmed−10%	0.00 pp	3 q
ALKAlaska Air Group, Inc.	0.17%	5,490,657	$199M	trimmed−6%	+0.01 pp	3 q
PGRProgressive Corporation	0.17%	2,475,290	$198M	trimmed−1%	−0.01 pp	3 q
RTXRTX Corporation	0.17%	3,149,437	$194M	trimmed−0%	−0.12 pp	3 q
BNTXBioNTech SE	0.16%	2,772,792	$185M	added+6%	+0.01 pp	3 q
EOGEOG Resources, Inc.	0.16%	3,644,554	$185M	trimmed−2%	+0.03 pp	3 q
GDGeneral Dynamics Corporation	0.16%	1,216,600	$182M	added+5%	+0.01 pp	3 q
NUANNuance Communications, Inc.	0.16%	7,406,193	$187M	trimmed−4%	+0.03 pp	3 q
USBU.S. Bancorp	0.16%	5,190,954	$191M	trimmed−3%	−0.02 pp	3 q
XNCRXencor, Inc.	0.15%	5,528,872	$179M	trimmed−3%	−0.02 pp	3 q
LIVNLivaNova PLC	0.15%	3,550,700	$171M	added+46%	+0.04 pp	3 q
EWEdwards Lifesciences Corp	0.14%	2,320,500	$160M	held	—	3 q
TERTeradyne, Inc.	0.14%	1,875,157	$158M	trimmed−7%	+0.03 pp	3 q
ALKSAlkermes Inc. plc	0.14%	8,318,020	$161M	trimmed−8%	+0.01 pp	3 q
CHTRCharter Comm Inc Del CL A New	0.13%	302,100	$154M	trimmed−0%	0.00 pp	3 q
CWCurtiss-Wright Corp.	0.13%	1,691,580	$151M	added+1%	−0.02 pp	3 q
EBAYeBay Inc	0.13%	2,921,100	$153M	trimmed−1%	+0.04 pp	3 q
VMWVMware, Inc	0.13%	944,495	$146M	trimmed−9%	+0.01 pp	3 q
DDDuPont de Nemours, Inc.	0.11%	2,311,528	$123M	added+3%	+0.03 pp	3 q
EAElectronic Arts Inc	0.11%	931,425	$123M	trimmed−2%	+0.02 pp	3 q
DOWDow Inc.	0.10%	2,848,616	$116M	trimmed−0%	+0.02 pp	3 q
EXKExact Sciences Corp	0.10%	1,306,100	$114M	trimmed−6%	+0.02 pp	3 q
FORMFormFactor Inc.	0.10%	4,121,249	$121M	trimmed−1%	+0.02 pp	3 q
JBLJabil Inc.	0.10%	3,677,850	$118M	trimmed−2%	+0.01 pp	3 q
NOKNokia Corporation	0.10%	27,777,142	$122M	trimmed−3%	+0.01 pp	3 q
AMEAmetek, Inc.	0.09%	1,132,540	$101M	added0%	+0.01 pp	2 q
CMECME Group Inc.	0.09%	679,130	$110M	trimmed−5%	−0.03 pp	3 q
CARRCarrier Global Corporation	0.09%	4,753,662	$106M	new	+0.09 pp	new
MXLMaxLinear, Inc.	0.09%	4,703,672	$101M	trimmed−1%	+0.04 pp	3 q
ADSKAutodesk Inc	0.08%	412,100	$99M	held	—	3 q
DEDeere & Company	0.08%	572,110	$90M	trimmed−3%	0.00 pp	3 q
LYFTLyft, Inc. Class A	0.08%	2,852,135	$94M	added+2%	+0.01 pp	3 q
MARMarriott International Class A	0.08%	1,059,196	$91M	trimmed−1%	0.00 pp	3 q
MAMastercard Incorporated	0.08%	299,374	$89M	trimmed−0%	+0.01 pp	3 q
PLTPlantronics Inc	0.08%	5,988,150	$88M	added+1%	+0.02 pp	3 q
SNYSanofi	0.08%	1,817,640	$93M	trimmed−2%	0.00 pp	3 q
RIGTransocean LTD.	0.08%	49,895,306	$91M	trimmed−4%	+0.02 pp	3 q
SSYSStratasys Inc (ISRAEL)	0.08%	5,677,231	$90M	trimmed−15%	−0.02 pp	3 q
BURLBurlington Stores, Inc.	0.07%	435,050	$86M	added+1%	0.00 pp	3 q
CSXCSX Corporation	0.07%	1,214,400	$85M	added+21%	+0.01 pp	3 q
CTRACoterra Energy Inc.	0.07%	4,916,354	$84M	trimmed−1%	−0.01 pp	3 q
HUBSHubspot, Inc.	0.07%	364,900	$82M	trimmed−5%	+0.02 pp	3 q
IEXIDEX Corporation	0.07%	551,510	$87M	trimmed−2%	−0.01 pp	3 q
NWLNewell Brands Inc.	0.07%	4,976,900	$79M	trimmed−6%	0.00 pp	3 q
OTISOtis Worldwide Corporation	0.07%	1,505,818	$86M	new	+0.07 pp	new
PROPros Holdings, Inc.	0.07%	1,843,460	$82M	trimmed−4%	+0.01 pp	3 q
RYTMRhythm Pharmaceuticals, Inc.	0.07%	3,544,791	$79M	added0%	+0.02 pp	3 q
SYKStryker Corporation	0.07%	480,700	$87M	added+1%	−0.01 pp	3 q
ACLSAxcelis Technologies Inc	0.06%	2,714,600	$76M	trimmed−2%	+0.01 pp	3 q
CERSCerus Corp	0.06%	11,190,000	$74M	trimmed−0%	+0.01 pp	3 q
CRLCharles River Laboratories International, Inc.	0.06%	376,600	$66M	trimmed−0%	+0.01 pp	3 q
NMIHNMI Holdings Inc.	0.06%	4,495,949	$72M	added+58%	+0.03 pp	3 q
NTNXNutanix, Inc. Class A	0.06%	2,704,085	$64M	added+5%	+0.02 pp	3 q
PINSPinterest, Inc. Class A	0.06%	3,090,300	$69M	trimmed−0%	+0.01 pp	3 q
QSRRestaurant Brands International Inc.	0.06%	1,381,300	$75M	added+17%	+0.01 pp	3 q
ROKRockwell Automation, Inc.	0.06%	301,845	$64M	trimmed−0%	+0.02 pp	3 q
CALACalithera Biosciences Inc	0.05%	10,067,800	$53M	added+6%	+0.01 pp	3 q
CTVACorteva, Inc.	0.05%	2,311,302	$62M	trimmed−0%	0.00 pp	3 q
LHXL3Harris Technologies, Inc.	0.05%	321,400	$55M	held	—	2 q
ODFLOld Dominion Freight Line	0.05%	321,650	$55M	added+7%	+0.01 pp	3 q
PANWPalo Alto Networks, Inc.	0.05%	269,864	$62M	trimmed−1%	+0.01 pp	3 q
CPRICapri Holdings Limited	0.05%	3,581,400	$56M	trimmed−2%	+0.01 pp	3 q
99952EURLinde PLC/OLD	0.05%	279,600	$59M	added+1%	0.00 pp	3 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.05%	3,822,550	$63M	trimmed−12%	0.00 pp	3 q
ALTRAltair Engineering Inc. Class A	0.04%	1,119,600	$45M	trimmed−9%	+0.01 pp	3 q
MGMMgm Resorts International	0.04%	2,647,550	$44M	trimmed−32%	−0.01 pp	3 q
TWTradeweb Markets Inc. Class A	0.04%	704,980	$41M	added+1%	+0.01 pp	3 q
AM6Amicus Therapeutics Inc	0.03%	2,130,000	$32M	trimmed−6%	+0.01 pp	3 q
ARNAArena Pharmaceuticals Inc	0.03%	554,570	$35M	trimmed−4%	+0.01 pp	3 q
AXONAxon Enterprise, Inc.	0.03%	341,000	$33M	trimmed−13%	0.00 pp	3 q
CRNCCerence Inc.	0.03%	878,405	$36M	trimmed−1%	+0.02 pp	3 q
CMCSAComcast Corp	0.03%	956,842	$37M	trimmed−43%	−0.03 pp	3 q
HLTHilton Worldwide Holdings Inc.	0.03%	535,565	$39M	held	—	3 q
HONHoneywell International, Inc.	0.03%	250,630	$36M	trimmed−75%	−0.10 pp	3 q
LVSLas Vegas Sands Corp.	0.03%	762,800	$35M	trimmed−2%	0.00 pp	3 q
NBLNoble Energy, Inc.	0.03%	3,462,647	$31M	added+1%	+0.01 pp	3 q
NUVANuVasive, Inc.	0.03%	627,600	$35M	trimmed−8%	0.00 pp	3 q
RYAAYRyanair Holdings plc	0.03%	505,100	$34M	trimmed−1%	0.00 pp	3 q
SW5Southwestern Energy Co	0.03%	12,001,125	$31M	trimmed−3%	+0.01 pp	3 q
unresolvedTurning Point Therapeutics I	0.03%	455,000	$29M	new	+0.03 pp	new
TSNTyson Foods, Inc.	0.03%	609,800	$36M	trimmed−9%	−0.01 pp	3 q
ZNTLZentalis Pharmaceuticals, Inc.	0.03%	659,950	$32M	new	+0.03 pp	new
PNRPentair plc	0.03%	801,800	$30M	trimmed−1%	+0.01 pp	3 q
OPTUOptimum Communications, Inc.	0.02%	836,800	$19M	held	—	2 q
MOAltria Group, Inc.	0.02%	702,424	$28M	trimmed−8%	−0.01 pp	3 q
BJBJs Wholesale Club Holdings, Inc.	0.02%	606,700	$23M	held	—	3 q
unresolvedColfax Corp	0.02%	740,000	$21M	trimmed−21%	0.00 pp	3 q
SCORcomScore, Inc.	0.02%	5,727,167	$18M	trimmed−5%	0.00 pp	3 q
CRWDCrowdStrike Holdings, Inc. Class A	0.02%	223,140	$22M	added+3%	+0.01 pp	3 q
DELLDell Technologies Inc.	0.02%	477,073	$26M	trimmed−0%	0.00 pp	3 q
LABStandard BioTools Inc.	0.02%	6,003,443	$24M	trimmed−3%	0.00 pp	3 q
ROCKGibraltar Industries, Inc.	0.02%	384,600	$18M	added+1%	0.00 pp	3 q
unresolvedGlaxosmithkline PLC	0.02%	559,300	$23M	held	—	3 q
IMAXImax Corp	0.02%	2,543,200	$29M	trimmed−0%	0.00 pp	3 q
MTLSMaterialise NV	0.02%	865,300	$20M	trimmed−2%	0.00 pp	3 q
MATXMatsons, Inc.	0.02%	644,892	$19M	added+8%	0.00 pp	3 q
MCDMcDonald's Corporation	0.02%	152,000	$28M	held	—	3 q
NNBRNN Inc	0.02%	5,987,700	$28M	trimmed−4%	+0.01 pp	3 q
NSCNorfolk Southern Corp.	0.02%	158,100	$28M	trimmed−22%	−0.01 pp	3 q
OSISOSI Systems Inc	0.02%	270,100	$20M	added+12%	0.00 pp	3 q
OSUROraSure Technologies Inc	0.02%	1,625,900	$19M	trimmed−2%	0.00 pp	3 q
PRSPPerspecta Inc	0.02%	1,204,721	$28M	trimmed−1%	0.00 pp	3 q
PFNXPfenex Inc.	0.02%	3,244,100	$27M	trimmed−1%	−0.01 pp	3 q
VFCV.F. Corporation	0.02%	471,700	$29M	trimmed−8%	−0.01 pp	3 q
WDCWestern Digital Corp.	0.02%	591,907	$26M	added+22%	0.00 pp	3 q
GTMZoomInfo Technologies Inc	0.02%	383,700	$20M	new	+0.02 pp	new
ANGIAngi Inc. Class A	0.01%	550,000	$7M	held	—	3 q
ARAYAccuray Incorporated	0.01%	3,799,481	$8M	trimmed−12%	0.00 pp	3 q
ADPTAdaptive Biotechnologies Corporation	0.01%	150,500	$7M	held	—	2 q
ARLOArlo Technologies, Inc.	0.01%	5,367,040	$14M	added+1%	0.00 pp	3 q
AWIArmstrong World Industries, Inc.	0.01%	87,000	$7M	held	—	3 q
BABoeing Company	0.01%	84,750	$16M	trimmed−1%	0.00 pp	3 q
CVGWCalavo Growers Inc	0.01%	120,900	$8M	added+9%	0.00 pp	3 q
STZConstellation Brands, Inc.	0.01%	41,300	$7M	held	—	3 q
DRIDarden Restaurants, Inc.	0.01%	101,800	$8M	new	+0.01 pp	new
DLTRDollar Tree Inc.	0.01%	137,500	$13M	new	+0.01 pp	new
FSCTForeScout Technologies, Inc.	0.01%	377,700	$8M	trimmed−12%	0.00 pp	3 q
GKOSGlaukos Corporation	0.01%	401,630	$15M	added+18%	0.00 pp	3 q
IQVIQVIA Holdings Inc.	0.01%	60,205	$9M	added+70%	+0.01 pp	2 q
LPLALPL Financial Holdings Inc.	0.01%	198,000	$16M	added+37%	0.00 pp	2 q
LGF.BLions Gate Entertainment Corp. Class B Non-Voting Shares	0.01%	900,000	$6M	held	—	3 q
DOORMasonite International Corp	0.01%	184,900	$14M	added+4%	0.00 pp	2 q
MAXRMaxar Technologies Inc.	0.01%	650,600	$12M	added×2.1	+0.01 pp	3 q
MNTAMomenta Pharmaceuticals, Inc.	0.01%	358,840	$12M	trimmed−8%	0.00 pp	3 q
MYOKMyoKardia, Inc.	0.01%	88,000	$9M	trimmed−53%	0.00 pp	3 q
LASRnLIGHT, Inc.	0.01%	762,471	$17M	trimmed−0%	0.00 pp	3 q
PENPenumbra, Inc.	0.01%	54,520	$10M	trimmed−1%	0.00 pp	3 q
PMPhilip Morris International Inc.	0.01%	174,600	$12M	trimmed−11%	0.00 pp	3 q
RMBSRambus Inc	0.01%	893,945	$14M	trimmed−0%	0.00 pp	3 q
RPDRapid7, Inc.	0.01%	175,800	$9M	added+46%	0.00 pp	3 q
CRMSalesforce, Inc.	0.01%	50,000	$9M	held	—	3 q
SAICScience Applications International Corporation	0.01%	167,800	$13M	added+12%	0.00 pp	2 q
6SSServicesource International	0.01%	8,703,133	$14M	trimmed−2%	0.00 pp	3 q
SAVEQSpirit Airlines, Inc.	0.01%	406,300	$7M	trimmed−35%	0.00 pp	3 q
ULTAUlta Beauty, Inc.	0.01%	67,500	$14M	held	—	3 q
GANGan Ltd	0.01%	243,800	$6M	new	+0.01 pp	new
NVTnVent Electric plc	0.01%	911,600	$17M	held	—	3 q
CYBRCyberark Software LTD/ISRAEL	0.01%	66,650	$7M	added0%	0.00 pp	3 q
WVEWave Life Sciences Ltd.	0.01%	1,316,154	$14M	added+7%	0.00 pp	3 q
AREAlexandria Real Estate Equities, Inc.	0.00%	30,100	$5M	added+6%	0.00 pp	3 q
ALGTAllegiant Travel Company	0.00%	39,000	$4M	trimmed−52%	−0.01 pp	3 q
AXPAmerican Express Company	0.00%	18,800	$2M	held	—	3 q
AMHAmerican Homes 4 Rent	0.00%	23,600	$635,000	new	0.00 pp	new
ABUSArbutus Biopharma Corporation	0.00%	500,000	$910,000	trimmed−14%	0.00 pp	3 q
ANETArista Networks	0.00%	3,150	$662,000	trimmed−43%	0.00 pp	3 q
HOMEAt Home Group Inc.	0.00%	112,100	$728,000	added+29%	0.00 pp	3 q
AZOAutoZone, Inc.	0.00%	3,625	$4M	held	—	3 q
BEBloom Energy Corporation	0.00%	70,600	$768,000	held	—	3 q
BOOTBoot Barn Holdings, Inc.	0.00%	117,000	$3M	trimmed−69%	0.00 pp	3 q
CBOECboe Global Markets, Inc.	0.00%	61,900	$6M	trimmed−2%	−0.01 pp	3 q
CCJCameco Corporation	0.00%	258,300	$3M	added+11%	0.00 pp	3 q
CECelanese Corporation	0.00%	10,950	$945,000	held	—	3 q
CERNCerner Corp	0.00%	19,400	$1M	held	—	3 q
CIENCiena Corporation	0.00%	4,285	$232,000	new	0.00 pp	new
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	72,000	$380,000	trimmed−26%	0.00 pp	3 q
NCSCornerstone Building Brands	0.00%	340,000	$2M	held	—	3 q
DXCDXC Technology Company	0.00%	180,900	$3M	trimmed−8%	0.00 pp	3 q
DBDDiebold Nixdorf, Incorporated	0.00%	295,000	$2M	held	—	3 q
96669EURDmrc LLC	0.00%	355,000	$6M	held	—	3 q
EPREPR Properties	0.00%	27,789	$921,000	new	0.00 pp	new
ETMEntercom Communications	0.00%	1,200,000	$2M	held	—	3 q
FAROFaro Technologies Inc	0.00%	97,700	$5M	trimmed−51%	−0.01 pp	3 q
FIVEFive Below, Inc.	0.00%	11,700	$1M	trimmed−11%	0.00 pp	3 q
GILGildan Activewear Inc.	0.00%	133,340	$2M	trimmed−36%	0.00 pp	3 q
GEF.BGreif, Inc. Class B	0.00%	33,000	$1M	held	—	3 q
HANHawaiian Holdings Inc	0.00%	380,200	$5M	trimmed−34%	−0.01 pp	3 q
HCATHealth Catalyst, Inc	0.00%	44,909	$1M	new	0.00 pp	new
IMGNImmunogen Inc	0.00%	943,127	$4M	trimmed−6%	0.00 pp	3 q
IFNNYInfineon Techs AG S/	0.00%	75,000	$2M	trimmed−50%	0.00 pp	2 q
NGVTIngevity Corporation	0.00%	24,700	$1M	added+23%	0.00 pp	3 q
KRThe Kroger Co.	0.00%	96,900	$3M	held	—	3 q
LGFLions Gate Entertainment-a	0.00%	700,000	$5M	held	—	3 q
LOWLowe's Companies Inc.	0.00%	33,200	$4M	trimmed−3%	0.00 pp	3 q
MTSIMACOM Technology Solutions Holdings, Inc	0.00%	164,200	$6M	held	—	3 q
MSGSMadison Square Garden Sports Corp.	0.00%	6,873	$1M	added+7%	0.00 pp	2 q
SPHRSphere Entertainment Co.	0.00%	55,006	$4M	new	0.00 pp	new
MBIIMarrone Bio Innovations, Inc.	0.00%	2,190,300	$3M	trimmed−3%	0.00 pp	3 q
MREOMereo BioPharma Group plc	0.00%	489,100	$1M	trimmed−10%	0.00 pp	3 q
MFGPMicro Focus International plc.	0.00%	390,000	$2M	trimmed−74%	−0.01 pp	3 q
NOVNOV Inc.	0.00%	51,166	$627,000	trimmed−1%	0.00 pp	3 q
NFLXNetFlix Inc	0.00%	5,500	$3M	held	—	3 q
OKTAOkta, Inc. Class A	0.00%	7,250	$1M	added×2.1	0.00 pp	2 q
unresolvedPluralsight	0.00%	197,300	$4M	held	—	3 q
PBHPrestige Consumer Healthcare Inc.	0.00%	41,400	$2M	held	—	3 q
RNGRingcentral, Inc.	0.00%	6,350	$2M	added+76%	0.00 pp	2 q
RUBIMagnite, Inc.	0.00%	300,000	$2M	held	—	3 q
SF9Sanderson Farms Inc	0.00%	39,700	$5M	new	0.00 pp	new
SLBSLB Limited	0.00%	112,200	$2M	trimmed−11%	0.00 pp	3 q
SNAPSnap Inc.	0.00%	47,250	$1M	new	0.00 pp	new
SPPISpectrum Pharmaceuticals Inc	0.00%	460,000	$2M	held	—	3 q
TXG10x Genomics, Inc. Class A	0.00%	7,650	$683,000	held	—	2 q
TPCOTribune Publishing Company	0.00%	470,925	$5M	trimmed−19%	0.00 pp	3 q
TUESTuesday Morning Corp	0.00%	1,517,000	$243,000	trimmed−22%	0.00 pp	3 q
unresolved2U Inc	0.00%	98,600	$4M	held	—	3 q
UBERUber Technologies, Inc.	0.00%	135,500	$4M	new	0.00 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.00%	3,324	$980,000	new	0.00 pp	new
WSCWillScot Holdings Corporation Class A	0.00%	448,200	$6M	new	0.00 pp	new
ZMZoom Communications, Inc. Class A	0.00%	1,000	$254,000	trimmed−95%	0.00 pp	2 q
AXONSio Gene Therapies Inc	0.00%	55,125	$155,000	trimmed−25%	0.00 pp	3 q
FTITechnipFMC plc	0.00%	677,900	$5M	added0%	0.00 pp	3 q
OSWOneSpaWorld Holdings Limited	0.00%	350,000	$2M	held	—	3 q
unresolvedSprint Corporation	—	−24,982,300	—	exited	−0.21 pp	—
ACDVFAir Canada Inc Vtg & Var	—	−30,100	—	exited	0.00 pp	—
CWHCamping World Holdings, Inc.	—	−221,700	—	exited	0.00 pp	—
CIRCircor International Inc	—	−10,668	—	exited	0.00 pp	—
unresolvedDextera Surgical Inc	—	−576,840	—	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	—
REZIResideo Technologies, Inc.	—	−29,670	—	exited	0.00 pp	—
unresolvedWillscot Corp	—	−465,800	—	exited	0.00 pp	—