PRIMECAP

Q4 2020 13F · by Joel Fried, portfolio manager

As of: Dec 31, 2020
Filed: Feb 2, 2021
US stock: $134.5B · prev $121.2B
Positions: 319 · prev 311
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

+2.1 pp in · −2.1 pp out

New 19 +1.01 pp
Added 69 +1.04 pp
Trimmed 193 −1.54 pp
Exited 11 −0.53 pp

The book

Diversified · behaves like 64 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.0% a year, about 14.2 years per position

Low
Moderate
High

Top 5 positions17% of US stock

Positions319 in this filing · 11 exited


LLYEli Lilly & Co.	4.61%	36,757,185	$6.2B	trimmed−3%	−0.03 pp	5 q
MSFTMicrosoft Corp	3.34%	20,182,729	$4.5B	trimmed−8%	−0.46 pp	5 q
ADBEAdobe Inc.	3.20%	8,615,785	$4.3B	trimmed−9%	−0.64 pp	5 q
AMGNAmgen Inc	2.90%	16,978,827	$3.9B	trimmed−2%	−0.75 pp	5 q
BIIBBiogen Inc.	2.88%	15,822,066	$3.9B	added+1%	−0.79 pp	5 q
TXNTexas Instruments Incorporated	2.84%	23,262,463	$3.8B	trimmed−7%	−0.11 pp	5 q
MUMicron Technology, Inc.	2.71%	48,550,259	$3.7B	trimmed−4%	+0.76 pp	5 q
FDXFedEx Corporation	2.65%	13,717,339	$3.6B	trimmed−2%	−0.25 pp	5 q
TSLATesla, Inc.	2.58%	4,911,035	$3.5B	trimmed−7%	+0.71 pp	5 q
LUVSouthwest Airlines Co.	2.26%	65,213,818	$3.0B	trimmed−3%	+0.17 pp	5 q
SONYSony Group Corporation	2.21%	29,410,169	$3.0B	trimmed−7%	+0.21 pp	5 q
BABAAlibaba Group Holding Limited	2.16%	12,509,686	$2.9B	trimmed−2%	−0.95 pp	5 q
AZNNAstrazeneca Plc-spons ADR	1.86%	50,108,946	$2.5B	trimmed−3%	−0.47 pp	5 q
GOOGLAlphabet Inc. Class A	1.80%	1,385,205	$2.4B	trimmed−10%	−0.05 pp	5 q
KLACKLA Corporation	1.80%	9,364,319	$2.4B	trimmed−3%	+0.26 pp	5 q
TMOThermo Fisher Scientific, Inc.	1.54%	4,445,525	$2.1B	trimmed−3%	−0.13 pp	5 q
BIDUBaidu, Inc.	1.53%	9,512,376	$2.1B	added+1%	+0.55 pp	5 q
NVSNovartis AG	1.53%	21,805,450	$2.1B	trimmed−3%	−0.09 pp	5 q
NTAPNetApp, Inc	1.38%	27,998,458	$1.9B	trimmed−4%	+0.33 pp	5 q
GOOGAlphabet Inc. Class C	1.37%	1,055,852	$1.8B	trimmed−17%	−0.18 pp	5 q
JPMJPMorgan Chase & Co.	1.37%	14,463,795	$1.8B	trimmed−13%	+0.06 pp	5 q
QCOMQualcomm Inc	1.31%	11,584,518	$1.8B	trimmed−34%	−0.40 pp	5 q
INTCIntel Corp	1.21%	32,574,166	$1.6B	added+28%	+0.12 pp	5 q
BMRNBioMarin Pharmaceuticals Inc	1.18%	18,147,961	$1.6B	trimmed−0%	+0.04 pp	5 q
SCHWThe Charles Schwab Corporation	1.12%	28,459,569	$1.5B	trimmed−0%	+0.27 pp	5 q
WFCWells Fargo & Co.	1.09%	48,609,110	$1.5B	added+5%	+0.19 pp	5 q
ERICEricsson	1.08%	121,319,382	$1.4B	trimmed−2%	−0.03 pp	5 q
BSXBoston Scientific Corp.	1.05%	39,460,985	$1.4B	trimmed−3%	−0.23 pp	5 q
ROSTRoss Stores Inc	1.00%	10,969,589	$1.3B	trimmed−0%	+0.15 pp	5 q
AMZNAmazon.Com Inc	0.97%	399,260	$1.3B	trimmed−1%	−0.08 pp	5 q
BACBank of America Corporation	0.92%	40,851,261	$1.2B	added+4%	+0.14 pp	5 q
UALUnited Airlines Holdings, Inc.	0.91%	28,448,950	$1.2B	trimmed−3%	+0.07 pp	5 q
BMYBristol-Myers Squibb Co.	0.90%	19,540,448	$1.2B	trimmed−2%	−0.09 pp	5 q
FLEXFlex Ltd.	0.87%	65,016,736	$1.2B	trimmed−6%	+0.23 pp	5 q
ACMAecom	0.82%	22,154,479	$1.1B	trimmed−2%	+0.04 pp	5 q
NVDANvidia Corp	0.79%	2,041,665	$1.1B	trimmed−9%	−0.21 pp	5 q
WHRWhirlpool Corp.	0.79%	5,873,650	$1.1B	trimmed−10%	−0.20 pp	5 q
TJXTJX Companies, Inc. (The)	0.75%	14,846,948	$1.0B	trimmed−0%	+0.07 pp	5 q
ELANElanco Animal Health Incorporated	0.74%	32,531,211	$998M	trimmed−3%	−0.03 pp	5 q
INTUIntuit Inc	0.72%	2,558,091	$972M	trimmed−5%	0.00 pp	5 q
SGENSeagen Inc.	0.70%	5,372,912	$941M	trimmed−7%	−0.23 pp	5 q
CATCaterpillar Inc.	0.69%	5,081,345	$925M	trimmed−13%	−0.03 pp	5 q
DALDelta Air Lines, Inc.	0.68%	22,743,215	$915M	trimmed−2%	+0.10 pp	5 q
ONCBeOne Medicines Ltd.	0.65%	3,366,727	$870M	trimmed−0%	−0.15 pp	5 q
MATMattel, Inc.	0.63%	48,346,949	$844M	added0%	+0.17 pp	5 q
MSMorgan Stanley	0.61%	12,072,976	$827M	new	+0.61 pp	new
KMXCarMax Inc.	0.60%	8,582,253	$811M	trimmed−2%	−0.06 pp	5 q
HPQHP Inc.	0.59%	32,336,576	$795M	trimmed−4%	+0.06 pp	5 q
HPEHewlett Packard Enterprise Company	0.58%	65,942,728	$781M	trimmed−4%	+0.05 pp	5 q
MRSHMarsh	0.58%	6,705,835	$785M	trimmed−12%	−0.15 pp	5 q
JECJacobs Engineering Group	0.57%	7,046,402	$768M	trimmed−2%	+0.02 pp	5 q
AALAmerican Airlines Group Inc.	0.56%	47,666,106	$752M	trimmed−3%	+0.06 pp	5 q
VVISA Inc.	0.56%	3,428,399	$750M	trimmed−2%	−0.02 pp	5 q
ABTAbbott Laboratories	0.52%	6,430,902	$704M	trimmed−2%	−0.07 pp	5 q
DISThe Walt Disney Company	0.51%	3,753,257	$680M	trimmed−4%	+0.11 pp	5 q
SPLKSplunk Inc	0.51%	4,066,320	$691M	trimmed−7%	−0.17 pp	5 q
ALBAlbemarle Corporation	0.50%	4,559,145	$673M	trimmed−12%	+0.12 pp	5 q
ADIAnalog Devices, Inc.	0.50%	4,586,900	$678M	trimmed−0%	+0.06 pp	5 q
ABMDAbiomed Inc	0.49%	2,047,862	$664M	trimmed−8%	−0.02 pp	5 q
UNPUnion Pacific Corp.	0.48%	3,069,412	$639M	added0%	−0.02 pp	5 q
ORCLOracle Corp	0.47%	9,766,650	$632M	added0%	−0.01 pp	5 q
AIYActivision Blizzard Inc	0.45%	6,527,700	$606M	trimmed−6%	−0.01 pp	5 q
PXDPioneer Natural Resource Co.	0.43%	5,066,896	$577M	trimmed−4%	+0.06 pp	5 q
PYPLPayPal Holdings, Inc.	0.41%	2,373,020	$556M	added+1%	+0.03 pp	5 q
OLEDUniversal Display Corp	0.41%	2,418,175	$556M	trimmed−5%	+0.03 pp	5 q
UPSUnited Parcel Service, Inc. Class B	0.40%	3,203,243	$539M	trimmed−1%	−0.05 pp	5 q
ZBHZimmer Biomet Holdings, Inc.	0.40%	3,483,200	$537M	trimmed−5%	−0.01 pp	5 q
DFSDiscover Financial Services	0.38%	5,681,321	$514M	trimmed−12%	+0.07 pp	5 q
ASMLASML Holding NV	0.36%	1,003,987	$490M	trimmed−9%	+0.03 pp	3 q
TRMBTrimble Inc.	0.35%	7,117,365	$475M	trimmed−3%	+0.06 pp	5 q
AMATApplied Materials Inc	0.33%	5,114,035	$441M	trimmed−3%	+0.07 pp	5 q
GLWCorning Incorporated	0.33%	12,440,925	$448M	trimmed−3%	−0.01 pp	5 q
HESHess Corporation	0.33%	8,532,185	$450M	added+1%	+0.04 pp	5 q
CSCOCisco Systems, Inc. (DE)	0.32%	9,734,065	$436M	trimmed−6%	−0.02 pp	5 q
LBBath & Body Works, Inc.	0.32%	11,493,014	$427M	trimmed−3%	+0.01 pp	5 q
PODDInsulet Corporation	0.31%	1,625,910	$416M	trimmed−7%	−0.03 pp	5 q
RCLRoyal Caribbean Group	0.31%	5,638,031	$421M	trimmed−7%	−0.01 pp	5 q
BBBlackBerry Limited	0.29%	59,353,992	$394M	trimmed−4%	+0.06 pp	5 q
NTRSNorthern Trust Corp	0.29%	4,260,477	$397M	trimmed−2%	+0.01 pp	5 q
RJFRaymond James Financial, Inc.	0.29%	4,034,095	$386M	trimmed−4%	+0.04 pp	5 q
AAgilent Technologies Inc.	0.28%	3,187,136	$378M	trimmed−4%	0.00 pp	5 q
AAPLApple Inc.	0.28%	2,788,800	$370M	trimmed−8%	−0.01 pp	5 q
BNTXBioNTech SE	0.28%	4,628,197	$377M	added+12%	+0.04 pp	5 q
ENTGEntegris Inc	0.28%	3,966,141	$381M	trimmed−3%	+0.03 pp	5 q
TDGTransDigm Group Incorporated	0.28%	613,894	$380M	trimmed−0%	+0.04 pp	5 q
METAMeta Platforms, Inc. Class A	0.27%	1,309,850	$358M	added0%	−0.01 pp	5 q
CCLCarnival Corporation Ltd.	0.25%	15,632,127	$339M	trimmed−1%	+0.05 pp	5 q
unresolvedCree Inc	0.25%	3,238,650	$343M	trimmed−46%	−0.07 pp	5 q
FGENKyntra Bio, Inc.	0.25%	9,228,020	$342M	added+30%	+0.01 pp	5 q
CVSCvs Health Corporation	0.24%	4,650,585	$318M	trimmed−6%	0.00 pp	5 q
CCitigroup Inc.	0.23%	4,951,046	$305M	trimmed−0%	+0.05 pp	5 q
NKTRNektar Therapeutics	0.23%	18,440,399	$313M	trimmed−2%	−0.03 pp	5 q
NUANNuance Communications, Inc.	0.23%	6,907,003	$305M	trimmed−5%	+0.03 pp	5 q
TXTTextron, Inc.	0.23%	6,417,370	$310M	trimmed−1%	+0.04 pp	5 q
DSGXDescartes Systems Group Inc	0.22%	5,176,065	$303M	trimmed−4%	−0.03 pp	5 q
ILMNIllumina Inc	0.22%	791,818	$293M	trimmed−5%	+0.01 pp	5 q
ALKAlaska Air Group, Inc.	0.20%	5,165,147	$269M	trimmed−3%	+0.04 pp	5 q
KEYSKeysight Technologies, Inc.	0.20%	2,034,960	$269M	trimmed−6%	+0.02 pp	5 q
TMUST-Mobile US, Inc.	0.20%	2,011,586	$271M	trimmed−9%	−0.01 pp	5 q
MDTMedtronic plc	0.20%	2,269,690	$266M	trimmed−8%	−0.01 pp	5 q
JBLUJetBlue Airways Corp	0.19%	17,426,825	$253M	trimmed−3%	+0.02 pp	5 q
RVTYRevvity, Inc.	0.19%	1,823,630	$262M	trimmed−9%	−0.02 pp	5 q
LIVNLivaNova PLC	0.19%	3,956,695	$262M	added+6%	+0.05 pp	5 q
IRBTiRobot Corporation	0.18%	2,956,913	$237M	trimmed−10%	−0.02 pp	5 q
USBU.S. Bancorp	0.18%	5,065,050	$236M	trimmed−2%	+0.03 pp	5 q
ALCAlcon Inc.	0.18%	3,757,173	$248M	trimmed−5%	−0.01 pp	5 q
XNCRXencor, Inc.	0.17%	5,340,422	$233M	trimmed−1%	0.00 pp	5 q
EWEdwards Lifesciences Corp	0.16%	2,320,500	$212M	held	—	5 q
MKTXMarketAxess Holdings Inc.	0.16%	385,620	$220M	trimmed−11%	−0.01 pp	5 q
PGRProgressive Corporation	0.16%	2,233,430	$221M	trimmed−6%	−0.02 pp	5 q
CHTRCharter Comm Inc Del CL A New	0.15%	300,000	$198M	trimmed−1%	−0.01 pp	5 q
CHGGChegg, Inc.	0.15%	2,267,600	$205M	trimmed−12%	0.00 pp	5 q
CWCurtiss-Wright Corp.	0.15%	1,714,790	$200M	added+2%	+0.02 pp	5 q
MRKMerck & Co., Inc.	0.15%	2,481,800	$203M	trimmed−6%	−0.03 pp	5 q
TERTeradyne, Inc.	0.15%	1,675,517	$201M	trimmed−6%	+0.03 pp	5 q
GSGoldman Sachs Group Inc.	0.14%	725,050	$191M	new	+0.14 pp	new
LYFTLyft, Inc. Class A	0.14%	3,841,806	$189M	added+3%	+0.06 pp	5 q
XPEVXPeng Inc.	0.14%	4,253,200	$182M	trimmed−1%	+0.07 pp	2 q
GDGeneral Dynamics Corporation	0.13%	1,173,638	$175M	trimmed−9%	−0.02 pp	5 q
MXLMaxLinear, Inc.	0.13%	4,525,662	$173M	trimmed−1%	+0.04 pp	5 q
DOWDow Inc.	0.12%	2,794,543	$155M	trimmed−3%	+0.01 pp	5 q
DDDuPont de Nemours, Inc.	0.12%	2,301,055	$164M	trimmed−1%	+0.01 pp	5 q
EOGEOG Resources, Inc.	0.12%	3,235,079	$161M	trimmed−6%	+0.02 pp	5 q
EPZMEpizyme, Inc	0.12%	15,208,527	$165M	added+1%	−0.03 pp	5 q
FORMFormFactor Inc.	0.12%	3,846,032	$165M	trimmed−2%	+0.04 pp	5 q
PLTPlantronics Inc	0.12%	6,089,450	$165M	added0%	+0.06 pp	5 q
CSXCSX Corporation	0.11%	1,596,800	$145M	added+1%	+0.01 pp	5 q
CARRCarrier Global Corporation	0.11%	4,065,762	$153M	trimmed−4%	0.00 pp	3 q
DEDeere & Company	0.11%	536,670	$144M	trimmed−3%	+0.01 pp	5 q
EBAYeBay Inc	0.11%	2,816,370	$142M	trimmed−2%	−0.01 pp	5 q
JBLJabil Inc.	0.11%	3,585,050	$152M	trimmed−0%	+0.01 pp	5 q
ALKSAlkermes Inc. plc	0.11%	7,125,760	$142M	trimmed−3%	+0.01 pp	5 q
AMEAmetek, Inc.	0.10%	1,123,740	$136M	trimmed−1%	+0.01 pp	4 q
ADSKAutodesk Inc	0.10%	419,900	$128M	added+2%	+0.02 pp	5 q
EAElectronic Arts Inc	0.10%	896,025	$129M	trimmed−2%	0.00 pp	5 q
MARMarriott International Class A	0.10%	1,039,296	$137M	trimmed−1%	+0.02 pp	5 q
NWLNewell Brands Inc.	0.10%	6,226,900	$132M	added+4%	+0.02 pp	5 q
RTXRTX Corporation	0.10%	1,816,002	$130M	trimmed−35%	−0.03 pp	5 q
RYTMRhythm Pharmaceuticals, Inc.	0.10%	4,342,491	$129M	added+21%	+0.04 pp	5 q
CPRICapri Holdings Limited	0.10%	3,309,300	$139M	trimmed−3%	+0.05 pp	5 q
BURLBurlington Stores, Inc.	0.09%	439,550	$115M	trimmed−1%	+0.01 pp	5 q
HUBSHubspot, Inc.	0.09%	293,900	$117M	trimmed−12%	+0.01 pp	5 q
PINSPinterest, Inc. Class A	0.09%	1,871,750	$123M	trimmed−25%	0.00 pp	5 q
SYKStryker Corporation	0.09%	499,700	$122M	added+2%	+0.01 pp	5 q
UUnity Software Inc.	0.09%	747,240	$115M	trimmed−1%	+0.04 pp	2 q
VMWVMware, Inc	0.09%	852,395	$120M	trimmed−5%	−0.02 pp	5 q
CMECME Group Inc.	0.08%	609,730	$111M	trimmed−4%	−0.01 pp	5 q
IEXIDEX Corporation	0.08%	512,390	$102M	trimmed−6%	0.00 pp	5 q
MAMastercard Incorporated	0.08%	298,374	$107M	trimmed−0%	0.00 pp	5 q
RIGTransocean LTD.	0.08%	48,543,106	$112M	trimmed−1%	+0.05 pp	5 q
SSYSStratasys Inc (ISRAEL)	0.08%	4,888,399	$101M	trimmed−5%	+0.03 pp	5 q
CRLCharles River Laboratories International, Inc.	0.07%	370,430	$93M	trimmed−0%	0.00 pp	5 q
CTVACorteva, Inc.	0.07%	2,275,189	$88M	added0%	+0.02 pp	5 q
NMIHNMI Holdings Inc.	0.07%	4,451,749	$101M	trimmed−2%	0.00 pp	5 q
NTNXNutanix, Inc. Class A	0.07%	2,873,585	$92M	added+6%	+0.02 pp	5 q
CTRACoterra Energy Inc.	0.06%	4,921,454	$80M	added+1%	−0.01 pp	5 q
CRNCCerence Inc.	0.06%	785,560	$79M	trimmed−9%	+0.03 pp	5 q
EXKExact Sciences Corp	0.06%	655,400	$87M	trimmed−44%	−0.04 pp	5 q
QSRRestaurant Brands International Inc.	0.06%	1,403,900	$86M	added+5%	0.00 pp	5 q
SNYSanofi	0.06%	1,703,560	$83M	trimmed−2%	−0.01 pp	5 q
WDCWestern Digital Corp.	0.06%	1,566,307	$87M	added+20%	+0.02 pp	5 q
99952EURLinde PLC/OLD	0.06%	297,500	$78M	added+1%	0.00 pp	5 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.06%	2,975,340	$76M	trimmed−20%	+0.01 pp	5 q
ACLSAxcelis Technologies Inc	0.05%	2,498,110	$73M	trimmed−3%	0.00 pp	5 q
CERSCerus Corp	0.05%	10,434,500	$72M	trimmed−3%	−0.01 pp	5 q
DASHDoorDash, Inc. Class A	0.05%	436,442	$62M	new	+0.05 pp	new
FCXFreeport-McMoran Inc.	0.05%	2,402,100	$63M	new	+0.05 pp	new
HLTHilton Worldwide Holdings Inc.	0.05%	589,565	$66M	added+13%	+0.01 pp	5 q
LHXL3Harris Technologies, Inc.	0.05%	324,800	$61M	held	—	4 q
LVSLas Vegas Sands Corp.	0.05%	1,168,900	$70M	added+53%	+0.02 pp	5 q
LYVLive Nation Entertainment Inc.	0.05%	995,505	$73M	added+50%	+0.02 pp	2 q
MGMMgm Resorts International	0.05%	2,016,700	$64M	trimmed−16%	+0.01 pp	5 q
OTISOtis Worldwide Corporation	0.05%	1,053,268	$71M	trimmed−10%	−0.01 pp	3 q
PANWPalo Alto Networks, Inc.	0.05%	198,669	$71M	trimmed−26%	0.00 pp	5 q
PROPros Holdings, Inc.	0.05%	1,436,400	$73M	trimmed−9%	+0.01 pp	5 q
RNGRingcentral, Inc.	0.05%	184,300	$70M	added×17.1	+0.05 pp	4 q
ROKRockwell Automation, Inc.	0.05%	293,885	$74M	trimmed−1%	0.00 pp	5 q
ZNTLZentalis Pharmaceuticals, Inc.	0.05%	1,371,690	$71M	trimmed−1%	+0.01 pp	3 q
ALTRAltair Engineering Inc. Class A	0.04%	994,780	$58M	trimmed−7%	0.00 pp	5 q
AM6Amicus Therapeutics Inc	0.04%	2,130,000	$49M	held	—	5 q
CALACalithera Biosciences Inc	0.04%	10,253,500	$50M	added+2%	+0.01 pp	5 q
CMCSAComcast Corp	0.04%	988,402	$52M	added+1%	0.00 pp	5 q
CRWDCrowdStrike Holdings, Inc. Class A	0.04%	258,190	$55M	added+26%	+0.02 pp	5 q
HONHoneywell International, Inc.	0.04%	249,850	$53M	trimmed−0%	+0.01 pp	5 q
IQVIQVIA Holdings Inc.	0.04%	308,583	$55M	added+9%	0.00 pp	4 q
MDBMongoDB, Inc. Class A	0.04%	154,000	$55M	trimmed−3%	+0.01 pp	2 q
ODFLOld Dominion Freight Line	0.04%	271,650	$53M	held	—	5 q
LUNGPulmonx Corporation	0.04%	732,500	$51M	new	+0.04 pp	new
RYAAYRyanair Holdings plc	0.04%	494,500	$54M	trimmed−1%	+0.01 pp	5 q
unresolvedTurning Point Therapeutics I	0.04%	451,340	$55M	added+2%	+0.01 pp	3 q
UBERUber Technologies, Inc.	0.04%	963,500	$49M	added+88%	+0.02 pp	3 q
ARNAArena Pharmaceuticals Inc	0.03%	511,500	$39M	trimmed−4%	0.00 pp	5 q
ARLOArlo Technologies, Inc.	0.03%	5,008,840	$39M	trimmed−2%	+0.01 pp	5 q
AXONAxon Enterprise, Inc.	0.03%	302,500	$37M	trimmed−8%	+0.01 pp	5 q
DELLDell Technologies Inc.	0.03%	475,303	$35M	trimmed−0%	0.00 pp	5 q
NNBRNN Inc	0.03%	5,454,938	$36M	trimmed−4%	+0.01 pp	5 q
LASRnLIGHT, Inc.	0.03%	1,256,474	$41M	trimmed−0%	+0.01 pp	5 q
SWAVShockwave Medical, Inc.	0.03%	353,987	$37M	added+6%	+0.01 pp	2 q
TWTradeweb Markets Inc. Class A	0.03%	717,110	$45M	added+2%	0.00 pp	5 q
TSNTyson Foods, Inc.	0.03%	539,000	$35M	trimmed−7%	0.00 pp	5 q
VFCV.F. Corporation	0.03%	417,000	$36M	trimmed−3%	0.00 pp	5 q
PNRPentair plc	0.03%	729,290	$39M	trimmed−2%	0.00 pp	5 q
AREAlexandria Real Estate Equities, Inc.	0.02%	119,500	$21M	added+45%	+0.01 pp	5 q
ALLOAllogene Therapeutics, Inc.	0.02%	1,238,400	$31M	new	+0.02 pp	new
OPTUOptimum Communications, Inc.	0.02%	836,800	$32M	held	—	4 q
MOAltria Group, Inc.	0.02%	660,924	$27M	trimmed−5%	0.00 pp	5 q
AMHAmerican Homes 4 Rent	0.02%	809,000	$24M	added×3.9	+0.02 pp	3 q
CVXChevron Corporation	0.02%	239,330	$20M	new	+0.02 pp	new
unresolvedColfax Corp	0.02%	656,300	$25M	trimmed−7%	0.00 pp	5 q
DLTRDollar Tree Inc.	0.02%	223,000	$24M	trimmed−0%	0.00 pp	3 q
LABStandard BioTools Inc.	0.02%	5,433,843	$33M	trimmed−4%	−0.01 pp	5 q
ROCKGibraltar Industries, Inc.	0.02%	374,900	$27M	trimmed−1%	0.00 pp	5 q
GKOSGlaukos Corporation	0.02%	431,200	$32M	added+6%	0.00 pp	5 q
unresolvedGlaxosmithkline PLC	0.02%	559,300	$21M	held	—	5 q
IMAXImax Corp	0.02%	1,848,300	$33M	trimmed−19%	0.00 pp	5 q
KEXKirby Corporation	0.02%	452,600	$23M	new	+0.02 pp	new
LPLALPL Financial Holdings Inc.	0.02%	204,000	$21M	held	—	4 q
SPHRSphere Entertainment Co.	0.02%	204,698	$22M	added+72%	+0.01 pp	3 q
MTLSMaterialise NV	0.02%	561,300	$30M	trimmed−28%	0.00 pp	5 q
MATXMatsons, Inc.	0.02%	534,392	$30M	trimmed−20%	0.00 pp	5 q
MAXRMaxar Technologies Inc.	0.02%	635,800	$25M	trimmed−2%	+0.01 pp	5 q
MCDMcDonald's Corporation	0.02%	152,000	$33M	held	—	5 q
NOKNokia Corporation	0.02%	6,738,226	$26M	trimmed−34%	−0.01 pp	5 q
NSCNorfolk Southern Corp.	0.02%	126,800	$30M	trimmed−8%	0.00 pp	5 q
NUVANuVasive, Inc.	0.02%	494,500	$28M	trimmed−8%	0.00 pp	5 q
OSISOSI Systems Inc	0.02%	349,400	$33M	trimmed−1%	0.00 pp	5 q
SW5Southwestern Energy Co	0.02%	11,006,350	$33M	trimmed−4%	0.00 pp	5 q
ULTAUlta Beauty, Inc.	0.02%	75,300	$22M	added+1%	+0.01 pp	5 q
VLOValero Energy Corporation	0.02%	366,441	$21M	new	+0.02 pp	new
AMBAAmbarella, Inc.	0.02%	299,000	$27M	added+68%	+0.01 pp	2 q
NVTnVent Electric plc	0.02%	887,900	$21M	held	—	5 q
WVEWave Life Sciences Ltd.	0.02%	3,924,475	$31M	added+19%	0.00 pp	5 q
ARAYAccuray Incorporated	0.01%	2,724,700	$11M	trimmed−12%	0.00 pp	5 q
ADPTAdaptive Biotechnologies Corporation	0.01%	128,500	$8M	trimmed−26%	0.00 pp	4 q
AZOAutoZone, Inc.	0.01%	6,625	$8M	added+18%	0.00 pp	5 q
BJBJs Wholesale Club Holdings, Inc.	0.01%	536,540	$20M	trimmed−4%	−0.01 pp	5 q
CVGWCalavo Growers Inc	0.01%	183,400	$13M	added+4%	0.00 pp	5 q
CCJCameco Corporation	0.01%	622,700	$8M	added+69%	+0.01 pp	5 q
SCORcomScore, Inc.	0.01%	5,487,965	$14M	trimmed−2%	0.00 pp	5 q
STZConstellation Brands, Inc.	0.01%	38,700	$8M	trimmed−6%	0.00 pp	5 q
96669EURDmrc LLC	0.01%	288,100	$14M	trimmed−11%	0.00 pp	5 q
DOCUDocuSign, Inc.	0.01%	40,350	$9M	new	+0.01 pp	new
EPREPR Properties	0.01%	242,089	$8M	added+81%	+0.01 pp	3 q
GHGuardant Health, Inc.	0.01%	128,052	$17M	added×37.1	+0.01 pp	2 q
LGF.BLions Gate Entertainment Corp. Class B Non-Voting Shares	0.01%	754,400	$8M	trimmed−8%	0.00 pp	5 q
MTSIMACOM Technology Solutions Holdings, Inc	0.01%	164,200	$9M	held	—	5 q
MGNIMagnite, Inc.	0.01%	300,000	$9M	held	—	5 q
DOORMasonite International Corp	0.01%	187,700	$18M	added+2%	0.00 pp	4 q
MASS908 Devices Inc.	0.01%	325,000	$19M	new	+0.01 pp	new
OSUROraSure Technologies Inc	0.01%	1,369,500	$14M	trimmed−8%	0.00 pp	5 q
PENPenumbra, Inc.	0.01%	52,120	$9M	trimmed−1%	0.00 pp	5 q
PRSPPerspecta Inc	0.01%	639,338	$15M	trimmed−47%	−0.01 pp	5 q
PMPhilip Morris International Inc.	0.01%	155,000	$13M	trimmed−9%	0.00 pp	5 q
RMBSRambus Inc	0.01%	892,445	$16M	trimmed−0%	0.00 pp	5 q
RPDRapid7, Inc.	0.01%	197,850	$18M	added+3%	0.00 pp	5 q
CRMSalesforce, Inc.	0.01%	50,000	$11M	held	—	5 q
SF9Sanderson Farms Inc	0.01%	76,400	$10M	added+7%	0.00 pp	3 q
SAICScience Applications International Corporation	0.01%	167,800	$16M	held	—	4 q
6SSServicesource International	0.01%	8,368,633	$15M	trimmed−1%	0.00 pp	5 q
unresolvedSkillz Inc	0.01%	465,700	$9M	new	+0.01 pp	new
SNAPSnap Inc.	0.01%	260,750	$13M	held	—	3 q
SAVEQSpirit Airlines, Inc.	0.01%	370,000	$9M	trimmed−1%	+0.01 pp	5 q
unresolved2U Inc	0.01%	169,700	$7M	held	—	5 q
VGVonage Holdings Corp	0.01%	918,500	$12M	trimmed−1%	0.00 pp	2 q
WATWaters Corp	0.01%	37,795	$9M	new	+0.01 pp	new
WSCWillScot Holdings Corporation Class A	0.01%	448,200	$10M	held	—	3 q
GTMZoomInfo Technologies Inc	0.01%	376,910	$18M	added+2%	0.00 pp	3 q
GANGan Ltd	0.01%	921,000	$19M	added+75%	0.00 pp	3 q
FTITechnipFMC plc	0.01%	728,900	$7M	added+8%	+0.01 pp	5 q
CYBRCyberark Software LTD/ISRAEL	0.01%	89,300	$14M	added+34%	0.00 pp	5 q
ANGIAngi Inc. Class A	0.00%	285,000	$4M	trimmed−40%	0.00 pp	5 q
ALGTAllegiant Travel Company	0.00%	16,100	$3M	trimmed−55%	0.00 pp	5 q
AXPAmerican Express Company	0.00%	18,800	$2M	held	—	5 q
ABUSArbutus Biopharma Corporation	0.00%	500,000	$2M	held	—	5 q
ANETArista Networks	0.00%	3,150	$915,000	held	—	5 q
AWIArmstrong World Industries, Inc.	0.00%	22,000	$2M	trimmed−75%	0.00 pp	5 q
HOMEAt Home Group Inc.	0.00%	112,100	$2M	held	—	5 q
BYNDBeyond Meat, Inc.	0.00%	21,800	$3M	new	0.00 pp	new
BEBloom Energy Corporation	0.00%	100,100	$3M	added+42%	0.00 pp	5 q
BOOTBoot Barn Holdings, Inc.	0.00%	75,000	$3M	trimmed−12%	0.00 pp	5 q
CBOECboe Global Markets, Inc.	0.00%	61,900	$6M	held	—	5 q
CECelanese Corporation	0.00%	10,950	$1M	held	—	5 q
CERNCerner Corp	0.00%	19,400	$2M	held	—	5 q
CIENCiena Corporation	0.00%	113,510	$6M	added+32%	0.00 pp	3 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	72,000	$894,000	held	—	5 q
NCSCornerstone Building Brands	0.00%	340,000	$3M	held	—	5 q
DRIDarden Restaurants, Inc.	0.00%	51,800	$6M	trimmed−49%	−0.01 pp	3 q
DBDDiebold Nixdorf, Incorporated	0.00%	290,000	$3M	trimmed−1%	0.00 pp	5 q
ETMEntercom Communications	0.00%	1,200,000	$3M	held	—	5 q
FAROFaro Technologies Inc	0.00%	75,400	$5M	held	—	5 q
FIVEFive Below, Inc.	0.00%	21,700	$4M	added+85%	0.00 pp	5 q
GILGildan Activewear Inc.	0.00%	108,340	$3M	held	—	5 q
GEF.BGreif, Inc. Class B	0.00%	33,000	$2M	held	—	5 q
HANHawaiian Holdings Inc	0.00%	344,900	$6M	trimmed−7%	0.00 pp	5 q
HCATHealth Catalyst, Inc	0.00%	100,909	$4M	added+55%	0.00 pp	3 q
DOCHealthpeak Properties, Inc.	0.00%	171,000	$5M	new	0.00 pp	new
IMGNImmunogen Inc	0.00%	900,827	$6M	held	—	5 q
NGVTIngevity Corporation	0.00%	36,500	$3M	added+45%	0.00 pp	5 q
KRThe Kroger Co.	0.00%	96,100	$3M	trimmed−1%	0.00 pp	5 q
LGFLions Gate Entertainment-a	0.00%	586,900	$7M	trimmed−8%	−0.01 pp	5 q
MSGSMadison Square Garden Sports Corp.	0.00%	6,873	$1M	held	—	4 q
MBIIMarrone Bio Innovations, Inc.	0.00%	1,983,200	$2M	trimmed−3%	0.00 pp	5 q
MREOMereo BioPharma Group plc	0.00%	489,100	$2M	held	—	5 q
AVOMission Produce, Inc.	0.00%	61,090	$919,000	new	0.00 pp	new
NFLXNetFlix Inc	0.00%	5,500	$3M	held	—	5 q
NFENew Fortress Energy Inc. Class A	0.00%	42,300	$2M	added+89%	0.00 pp	2 q
OKTAOkta, Inc. Class A	0.00%	10,250	$3M	added+6%	0.00 pp	4 q
unresolvedPluralsight	0.00%	189,400	$4M	held	—	5 q
PBHPrestige Consumer Healthcare Inc.	0.00%	31,400	$1M	trimmed−24%	0.00 pp	5 q
SAFESafehold Inc.	0.00%	10,450	$758,000	new	0.00 pp	new
SLBSLB Limited	0.00%	147,500	$3M	added+4%	0.00 pp	5 q
SEERSeer, Inc. Class A	0.00%	76,700	$4M	new	0.00 pp	new
AXONSio Gene Therapies Inc	0.00%	52,625	$146,000	trimmed−1%	0.00 pp	5 q
TTWOTake-Two Interactive Software Inc	0.00%	1,700	$353,000	new	0.00 pp	new
TXG10x Genomics, Inc. Class A	0.00%	7,650	$1M	held	—	4 q
TPCOTribune Publishing Company	0.00%	201,525	$3M	held	—	5 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.00%	8,804	$3M	added+75%	0.00 pp	3 q
ZMZoom Communications, Inc. Class A	0.00%	1,000	$337,000	held	—	4 q
OSWOneSpaWorld Holdings Limited	0.00%	350,000	$4M	held	—	5 q
ETRAE*trade Financial Corp	—	−10,796,725	—	exited	−0.45 pp	—
PFNXPfenex Inc.	—	−3,161,200	—	exited	−0.03 pp	—
NBLNoble Energy, Inc.	—	−3,073,847	—	exited	−0.02 pp	—
BABoeing Company	—	−84,750	—	exited	−0.01 pp	—
MNTAMomenta Pharmaceuticals, Inc.	—	−295,070	—	exited	−0.01 pp	—
MYOKMyoKardia, Inc.	—	−88,000	—	exited	−0.01 pp	—
DXCDXC Technology Company	—	−174,400	—	exited	0.00 pp	—
NOVNOV Inc.	—	−50,766	—	exited	0.00 pp	—
NCNOnCino, Inc.	—	−1,600	—	exited	0.00 pp	—
TUESTuesday Morning Corp	—	−1,306,400	—	exited	0.00 pp	—
ADNTAdient plc	—	−3,820	—	exited	0.00 pp	—