PRIMECAP

Q1 2021 13F · by Joel Fried, portfolio manager

As of: Mar 31, 2021
Filed: May 12, 2021
US stock: $143.4B · prev $134.5B
Positions: 327 · prev 319
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%

Moves294 since the prior filing

+3.1 pp in · −3.0 pp out

New 12 +0.31 pp
Added 93 +2.77 pp
Trimmed 185 −2.99 pp
Exited 4 −0.02 pp

The book

Diversified · behaves like 65 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 10% a year, about 9.8 years per position

Low
Moderate
High

Top 5 positions17% of US stock

LLY Eli Lilly & Co. trimmed0.00 pp trimmed0.004.6%
BIIB Biogen Inc. added+0.39 pp added+0.393.3%
MSFT Microsoft Corp trimmed−0.15 pp trimmed−0.153.2%
AMGN Amgen Inc trimmed−0.01 pp trimmed−0.012.9%
MU Micron Technology, Inc. trimmed+0.08 pp trimmed+0.082.8%

Positions327 in this filing · 4 exited


LLYEli Lilly & Co.	4.61%	35,378,235	$6.6B	trimmed−4%	0.00 pp	6 q
BIIBBiogen Inc.	3.27%	16,758,256	$4.7B	added+6%	+0.39 pp	6 q
MSFTMicrosoft Corp	3.19%	19,417,694	$4.6B	trimmed−4%	−0.15 pp	6 q
AMGNAmgen Inc	2.89%	16,674,572	$4.1B	trimmed−2%	−0.01 pp	6 q
MUMicron Technology, Inc.	2.79%	45,428,589	$4.0B	trimmed−6%	+0.08 pp	6 q
FDXFedEx Corporation	2.76%	13,936,709	$4.0B	added+2%	+0.11 pp	6 q
TXNTexas Instruments Incorporated	2.71%	20,583,153	$3.9B	trimmed−12%	−0.13 pp	6 q
ADBEAdobe Inc.	2.56%	7,713,233	$3.7B	trimmed−10%	−0.64 pp	6 q
LUVSouthwest Airlines Co.	2.51%	58,976,270	$3.6B	trimmed−10%	+0.25 pp	6 q
BABAAlibaba Group Holding Limited	2.39%	15,116,716	$3.4B	added+21%	+0.23 pp	6 q
SONYSony Group Corporation	2.13%	28,767,469	$3.0B	trimmed−2%	−0.08 pp	6 q
GOOGLAlphabet Inc. Class A	2.00%	1,392,858	$2.9B	added+1%	+0.20 pp	6 q
KLACKLA Corporation	1.94%	8,439,209	$2.8B	trimmed−10%	+0.14 pp	6 q
TSLATesla, Inc.	1.93%	4,133,680	$2.8B	trimmed−16%	−0.65 pp	6 q
AZNNAstrazeneca Plc-spons ADR	1.73%	49,913,226	$2.5B	trimmed−0%	−0.13 pp	6 q
INTCIntel Corp	1.53%	34,208,675	$2.2B	added+5%	+0.32 pp	6 q
BIDUBaidu, Inc.	1.43%	9,434,879	$2.1B	trimmed−1%	−0.10 pp	6 q
JPMJPMorgan Chase & Co.	1.43%	13,447,955	$2.0B	trimmed−7%	+0.06 pp	6 q
TMOThermo Fisher Scientific, Inc.	1.43%	4,487,174	$2.0B	added+1%	−0.11 pp	6 q
WFCWells Fargo & Co.	1.35%	49,715,260	$1.9B	added+2%	+0.26 pp	6 q
GOOGAlphabet Inc. Class C	1.34%	932,309	$1.9B	trimmed−12%	−0.03 pp	6 q
SCHWThe Charles Schwab Corporation	1.34%	29,412,279	$1.9B	added+3%	+0.22 pp	6 q
NTAPNetApp, Inc	1.31%	25,901,522	$1.9B	trimmed−7%	−0.07 pp	6 q
NVSNovartis AG	1.22%	20,543,800	$1.8B	trimmed−6%	−0.31 pp	6 q
BSXBoston Scientific Corp.	1.11%	41,012,340	$1.6B	added+4%	+0.06 pp	6 q
BACBank of America Corporation	1.10%	40,756,131	$1.6B	trimmed−0%	+0.18 pp	6 q
UALUnited Airlines Holdings, Inc.	1.10%	27,419,431	$1.6B	trimmed−4%	+0.19 pp	6 q
ERICEricsson	1.04%	112,881,472	$1.5B	trimmed−7%	−0.04 pp	6 q
ACMAecom	0.98%	21,947,404	$1.4B	trimmed−1%	+0.16 pp	6 q
ROSTRoss Stores Inc	0.97%	11,642,189	$1.4B	added+6%	−0.03 pp	6 q
BMRNBioMarin Pharmaceuticals Inc	0.96%	18,157,794	$1.4B	added0%	−0.22 pp	6 q
ONCBeOne Medicines Ltd.	0.94%	3,888,839	$1.4B	added+16%	+0.29 pp	6 q
AMZNAmazon.Com Inc	0.86%	400,175	$1.2B	added0%	−0.11 pp	6 q
QCOMQualcomm Inc	0.86%	9,275,398	$1.2B	trimmed−20%	−0.45 pp	6 q
WHRWhirlpool Corp.	0.86%	5,584,425	$1.2B	trimmed−5%	+0.07 pp	6 q
BMYBristol-Myers Squibb Co.	0.85%	19,236,965	$1.2B	trimmed−2%	−0.05 pp	6 q
FLEXFlex Ltd.	0.77%	60,358,352	$1.1B	trimmed−7%	−0.10 pp	6 q
KMXCarMax Inc.	0.75%	8,104,533	$1.1B	trimmed−6%	+0.15 pp	6 q
AALAmerican Airlines Group Inc.	0.74%	44,141,626	$1.1B	trimmed−7%	+0.18 pp	6 q
DALDelta Air Lines, Inc.	0.73%	21,614,472	$1.0B	trimmed−5%	+0.05 pp	6 q
HPEHewlett Packard Enterprise Company	0.68%	61,768,688	$972M	trimmed−6%	+0.10 pp	6 q
TJXTJX Companies, Inc. (The)	0.68%	14,838,448	$982M	trimmed−0%	−0.07 pp	6 q
INTUIntuit Inc	0.66%	2,488,541	$953M	trimmed−3%	−0.06 pp	6 q
MATMattel, Inc.	0.66%	47,188,269	$940M	trimmed−2%	+0.03 pp	6 q
ELANElanco Animal Health Incorporated	0.65%	31,563,211	$930M	trimmed−3%	−0.09 pp	6 q
HPQHP Inc.	0.64%	28,720,841	$912M	trimmed−11%	+0.05 pp	6 q
JECJacobs Engineering Group	0.64%	7,083,497	$916M	added+1%	+0.07 pp	6 q
MSMorgan Stanley	0.63%	11,635,628	$904M	trimmed−4%	+0.02 pp	2 q
CATCaterpillar Inc.	0.60%	3,681,535	$854M	trimmed−28%	−0.09 pp	6 q
MRSHMarsh	0.55%	6,418,035	$782M	trimmed−4%	−0.03 pp	6 q
PXDPioneer Natural Resource Co.	0.55%	4,972,796	$790M	trimmed−2%	+0.12 pp	6 q
VVISA Inc.	0.55%	3,744,119	$793M	added+9%	−0.01 pp	6 q
SPLKSplunk Inc	0.54%	5,680,450	$770M	added+40%	+0.03 pp	6 q
ABTAbbott Laboratories	0.53%	6,355,577	$762M	trimmed−1%	+0.01 pp	6 q
ADIAnalog Devices, Inc.	0.50%	4,589,435	$712M	added0%	0.00 pp	6 q
ORCLOracle Corp	0.50%	10,211,050	$717M	added+5%	+0.03 pp	6 q
UNPUnion Pacific Corp.	0.49%	3,214,712	$709M	added+5%	+0.01 pp	6 q
DISThe Walt Disney Company	0.48%	3,697,807	$682M	trimmed−1%	−0.03 pp	6 q
NVDANvidia Corp	0.48%	1,290,300	$689M	trimmed−37%	−0.31 pp	6 q
SGENSeagen Inc.	0.48%	5,008,195	$695M	trimmed−7%	−0.22 pp	6 q
AMATApplied Materials Inc	0.47%	5,000,135	$668M	trimmed−2%	+0.14 pp	6 q
HESHess Corporation	0.47%	9,458,225	$669M	added+11%	+0.14 pp	6 q
RJFRaymond James Financial, Inc.	0.47%	5,469,585	$670M	added+36%	+0.18 pp	6 q
PYPLPayPal Holdings, Inc.	0.44%	2,592,215	$629M	added+9%	+0.03 pp	6 q
ABMDAbiomed Inc	0.43%	1,918,072	$611M	trimmed−6%	−0.06 pp	6 q
AIYActivision Blizzard Inc	0.39%	6,032,485	$561M	trimmed−8%	−0.06 pp	6 q
LBBath & Body Works, Inc.	0.39%	9,020,574	$558M	trimmed−22%	+0.07 pp	6 q
ZBHZimmer Biomet Holdings, Inc.	0.39%	3,507,810	$562M	added+1%	−0.01 pp	6 q
ASMLASML Holding NV	0.39%	894,487	$552M	trimmed−11%	+0.03 pp	4 q
ALBAlbemarle Corporation	0.38%	3,709,155	$542M	trimmed−19%	−0.12 pp	6 q
BNTXBioNTech SE	0.37%	4,821,718	$526M	added+4%	+0.09 pp	6 q
TRMBTrimble Inc.	0.37%	6,788,665	$528M	trimmed−5%	+0.02 pp	6 q
OLEDUniversal Display Corp	0.37%	2,254,259	$534M	trimmed−7%	−0.04 pp	6 q
GLWCorning Incorporated	0.36%	11,759,225	$512M	trimmed−5%	+0.03 pp	6 q
UPSUnited Parcel Service, Inc. Class B	0.36%	3,075,543	$523M	trimmed−4%	−0.04 pp	6 q
CSCOCisco Systems, Inc. (DE)	0.33%	9,260,765	$479M	trimmed−5%	+0.01 pp	6 q
RCLRoyal Caribbean Group	0.32%	5,436,031	$465M	trimmed−4%	+0.01 pp	6 q
DFSDiscover Financial Services	0.29%	4,444,344	$422M	trimmed−22%	−0.09 pp	6 q
ENTGEntegris Inc	0.29%	3,662,941	$410M	trimmed−8%	+0.01 pp	6 q
NTRSNorthern Trust Corp	0.29%	3,967,897	$417M	trimmed−7%	0.00 pp	6 q
METAMeta Platforms, Inc. Class A	0.28%	1,365,135	$402M	added+4%	+0.01 pp	6 q
FGENKyntra Bio, Inc.	0.28%	11,771,758	$409M	added+28%	+0.03 pp	6 q
PODDInsulet Corporation	0.28%	1,515,880	$396M	trimmed−7%	−0.03 pp	6 q
CCLCarnival Corporation Ltd.	0.27%	14,780,427	$392M	trimmed−5%	+0.02 pp	6 q
AAgilent Technologies Inc.	0.26%	2,971,711	$378M	trimmed−7%	−0.02 pp	6 q
BBBlackBerry Limited	0.26%	44,046,890	$371M	trimmed−26%	−0.03 pp	6 q
ALKAlaska Air Group, Inc.	0.25%	5,113,047	$354M	trimmed−1%	+0.05 pp	6 q
CCitigroup Inc.	0.25%	4,930,346	$359M	trimmed−0%	+0.02 pp	6 q
NKTRNektar Therapeutics	0.25%	18,165,369	$363M	trimmed−1%	+0.02 pp	6 q
TXTTextron, Inc.	0.25%	6,298,760	$353M	trimmed−2%	+0.02 pp	6 q
TDGTransDigm Group Incorporated	0.25%	613,594	$361M	trimmed−0%	−0.03 pp	6 q
CVSCvs Health Corporation	0.24%	4,507,205	$339M	trimmed−3%	0.00 pp	6 q
IRBTiRobot Corporation	0.24%	2,851,213	$348M	trimmed−4%	+0.06 pp	6 q
JBLUJetBlue Airways Corp	0.24%	16,621,725	$338M	trimmed−5%	+0.05 pp	6 q
AAPLApple Inc.	0.23%	2,721,300	$332M	trimmed−2%	−0.05 pp	6 q
LIVNLivaNova PLC	0.21%	4,022,685	$297M	added+2%	+0.02 pp	6 q
DSGXDescartes Systems Group Inc	0.20%	4,629,265	$282M	trimmed−11%	−0.02 pp	6 q
unresolvedCree Inc	0.19%	2,582,750	$279M	trimmed−20%	−0.06 pp	6 q
ILMNIllumina Inc	0.19%	727,483	$279M	trimmed−8%	−0.03 pp	6 q
USBU.S. Bancorp	0.19%	4,961,850	$274M	trimmed−2%	+0.01 pp	6 q
GSGoldman Sachs Group Inc.	0.18%	773,750	$253M	added+7%	+0.04 pp	2 q
NUANNuance Communications, Inc.	0.18%	5,997,734	$262M	trimmed−13%	−0.05 pp	6 q
MDTMedtronic plc	0.18%	2,143,360	$253M	trimmed−6%	−0.02 pp	6 q
LYFTLyft, Inc. Class A	0.17%	3,893,371	$246M	added+1%	+0.03 pp	6 q
CMECME Group Inc.	0.16%	1,101,430	$225M	added+81%	+0.08 pp	6 q
EOGEOG Resources, Inc.	0.16%	3,217,629	$233M	trimmed−1%	+0.04 pp	6 q
KEYSKeysight Technologies, Inc.	0.16%	1,593,385	$228M	trimmed−22%	−0.04 pp	6 q
PLTPlantronics Inc	0.16%	6,070,550	$236M	trimmed−0%	+0.04 pp	6 q
XNCRXencor, Inc.	0.16%	5,312,722	$229M	trimmed−1%	−0.01 pp	6 q
CARRCarrier Global Corporation	0.15%	5,085,752	$215M	added+25%	+0.04 pp	4 q
CWCurtiss-Wright Corp.	0.15%	1,799,400	$213M	added+5%	0.00 pp	6 q
RVTYRevvity, Inc.	0.15%	1,696,691	$218M	trimmed−7%	−0.04 pp	6 q
DEDeere & Company	0.14%	523,880	$196M	trimmed−2%	+0.03 pp	6 q
EWEdwards Lifesciences Corp	0.14%	2,425,500	$203M	added+5%	−0.02 pp	6 q
GDGeneral Dynamics Corporation	0.14%	1,123,508	$204M	trimmed−4%	+0.01 pp	6 q
JBLJabil Inc.	0.14%	3,899,800	$203M	added+9%	+0.03 pp	6 q
TMUST-Mobile US, Inc.	0.14%	1,628,449	$204M	trimmed−19%	−0.06 pp	6 q
CHTRCharter Comm Inc Del CL A New	0.13%	295,650	$182M	trimmed−1%	−0.02 pp	6 q
MKTXMarketAxess Holdings Inc.	0.13%	373,220	$186M	trimmed−3%	−0.03 pp	6 q
CPRICapri Holdings Limited	0.13%	3,736,300	$191M	added+13%	+0.03 pp	6 q
AMEAmetek, Inc.	0.12%	1,301,340	$166M	added+16%	+0.02 pp	5 q
ADSKAutodesk Inc	0.12%	609,900	$169M	added+45%	+0.02 pp	6 q
BURLBurlington Stores, Inc.	0.12%	562,250	$168M	added+28%	+0.03 pp	6 q
DDDuPont de Nemours, Inc.	0.12%	2,273,242	$176M	trimmed−1%	0.00 pp	6 q
EBAYeBay Inc	0.12%	2,785,050	$171M	trimmed−1%	+0.01 pp	6 q
PGRProgressive Corporation	0.12%	1,743,210	$167M	trimmed−22%	−0.04 pp	6 q
TERTeradyne, Inc.	0.12%	1,410,975	$172M	trimmed−16%	−0.03 pp	6 q
RIGTransocean LTD.	0.12%	48,446,706	$172M	trimmed−0%	+0.04 pp	6 q
CSXCSX Corporation	0.11%	1,589,100	$153M	trimmed−0%	0.00 pp	6 q
CHGGChegg, Inc.	0.11%	1,877,500	$161M	trimmed−17%	−0.04 pp	6 q
DOWDow Inc.	0.11%	2,516,297	$161M	trimmed−10%	−0.01 pp	6 q
MARMarriott International Class A	0.11%	1,034,096	$153M	trimmed−1%	+0.01 pp	6 q
MXLMaxLinear, Inc.	0.11%	4,571,432	$156M	added+1%	−0.02 pp	6 q
NWLNewell Brands Inc.	0.11%	6,046,950	$162M	trimmed−3%	+0.01 pp	6 q
XPEVXPeng Inc.	0.11%	4,329,590	$158M	added+2%	−0.03 pp	3 q
FORMFormFactor Inc.	0.10%	3,336,659	$151M	trimmed−13%	−0.02 pp	6 q
EAElectronic Arts Inc	0.09%	913,325	$124M	added+2%	−0.01 pp	6 q
EPZMEpizyme, Inc	0.09%	15,237,127	$133M	added0%	−0.03 pp	6 q
RYTMRhythm Pharmaceuticals, Inc.	0.09%	6,005,593	$128M	added+38%	−0.01 pp	6 q
ALKSAlkermes Inc. plc	0.09%	6,670,490	$125M	trimmed−6%	−0.02 pp	6 q
DLTRDollar Tree Inc.	0.08%	1,018,500	$117M	added×4.6	+0.06 pp	4 q
FCXFreeport-McMoran Inc.	0.08%	3,531,800	$116M	added+47%	+0.03 pp	2 q
HUBSHubspot, Inc.	0.08%	256,492	$117M	trimmed−13%	−0.01 pp	6 q
IQVIQVIA Holdings Inc.	0.08%	610,847	$118M	added+98%	+0.04 pp	5 q
OTISOtis Worldwide Corporation	0.08%	1,687,098	$115M	added+60%	+0.03 pp	4 q
PINSPinterest, Inc. Class A	0.08%	1,560,800	$116M	trimmed−17%	−0.01 pp	6 q
SYKStryker Corporation	0.08%	478,400	$117M	trimmed−4%	−0.01 pp	6 q
WEXWEX Inc.	0.08%	566,350	$118M	new	+0.08 pp	new
SSYSStratasys Inc (ISRAEL)	0.08%	4,519,999	$117M	trimmed−8%	0.00 pp	6 q
ACLSAxcelis Technologies Inc	0.07%	2,334,800	$96M	trimmed−7%	+0.02 pp	6 q
CRLCharles River Laboratories International, Inc.	0.07%	370,260	$107M	trimmed−0%	0.00 pp	6 q
CTVACorteva, Inc.	0.07%	2,155,691	$100M	trimmed−5%	0.00 pp	6 q
MAMastercard Incorporated	0.07%	281,100	$100M	trimmed−6%	−0.01 pp	6 q
SYYSysco Corporation	0.07%	1,203,700	$95M	new	+0.07 pp	new
VMWVMware, Inc	0.07%	635,875	$96M	trimmed−25%	−0.02 pp	6 q
WDCWestern Digital Corp.	0.07%	1,587,487	$106M	added+1%	+0.01 pp	6 q
CTRACoterra Energy Inc.	0.06%	4,912,250	$92M	trimmed−0%	0.00 pp	6 q
FISFidelity National Information Services, Inc.	0.06%	643,100	$90M	new	+0.06 pp	new
IEXIDEX Corporation	0.06%	443,000	$93M	trimmed−14%	−0.02 pp	6 q
LYVLive Nation Entertainment Inc.	0.06%	1,038,265	$88M	added+4%	+0.01 pp	3 q
MRKMerck & Co., Inc.	0.06%	1,171,400	$90M	trimmed−53%	−0.09 pp	6 q
NTNXNutanix, Inc. Class A	0.06%	3,443,485	$91M	added+20%	−0.01 pp	6 q
RTXRTX Corporation	0.06%	1,097,262	$85M	trimmed−40%	−0.04 pp	6 q
QSRRestaurant Brands International Inc.	0.06%	1,390,900	$90M	trimmed−1%	0.00 pp	6 q
TTWOTake-Two Interactive Software Inc	0.06%	484,220	$86M	added×284.8	+0.06 pp	2 q
99952EURLinde PLC/OLD	0.06%	297,500	$83M	held	—	6 q
CRNCCerence Inc.	0.05%	724,160	$65M	trimmed−8%	−0.01 pp	6 q
EXKExact Sciences Corp	0.05%	584,800	$77M	trimmed−11%	−0.01 pp	6 q
HLTHilton Worldwide Holdings Inc.	0.05%	625,465	$76M	added+6%	0.00 pp	6 q
LHXL3Harris Technologies, Inc.	0.05%	324,800	$66M	held	—	5 q
LVSLas Vegas Sands Corp.	0.05%	1,168,900	$71M	held	—	6 q
NMIHNMI Holdings Inc.	0.05%	2,968,349	$70M	trimmed−33%	−0.02 pp	6 q
ROKRockwell Automation, Inc.	0.05%	290,220	$77M	trimmed−1%	0.00 pp	6 q
SNYSanofi	0.05%	1,392,590	$69M	trimmed−18%	−0.01 pp	6 q
TWTradeweb Markets Inc. Class A	0.05%	1,056,905	$78M	added+47%	+0.02 pp	6 q
UUnity Software Inc.	0.05%	710,950	$71M	trimmed−5%	−0.04 pp	3 q
VLOValero Energy Corporation	0.05%	1,042,900	$75M	added×2.8	+0.03 pp	2 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.05%	2,696,970	$74M	trimmed−9%	−0.01 pp	6 q
ALCAlcon Inc.	0.05%	931,928	$65M	trimmed−75%	−0.13 pp	6 q
ALTRAltair Engineering Inc. Class A	0.04%	965,300	$60M	trimmed−3%	0.00 pp	6 q
MOAltria Group, Inc.	0.04%	1,251,624	$64M	added+89%	+0.02 pp	6 q
CERSCerus Corp	0.04%	10,187,200	$61M	trimmed−2%	−0.01 pp	6 q
CMCSAComcast Corp	0.04%	942,707	$51M	trimmed−5%	0.00 pp	6 q
HONHoneywell International, Inc.	0.04%	240,000	$52M	trimmed−4%	0.00 pp	6 q
LOWLowe's Companies Inc.	0.04%	282,000	$54M	new	+0.04 pp	new
MCDMcDonald's Corporation	0.04%	236,500	$53M	added+56%	+0.02 pp	6 q
ODFLOld Dominion Freight Line	0.04%	257,150	$62M	trimmed−5%	0.00 pp	6 q
PANWPalo Alto Networks, Inc.	0.04%	199,339	$64M	added0%	−0.01 pp	6 q
PROPros Holdings, Inc.	0.04%	1,319,543	$56M	trimmed−8%	−0.01 pp	6 q
LUNGPulmonx Corporation	0.04%	1,192,000	$55M	added+63%	0.00 pp	2 q
RNGRingcentral, Inc.	0.04%	184,750	$55M	added0%	−0.01 pp	5 q
RYAAYRyanair Holdings plc	0.04%	478,200	$55M	trimmed−3%	0.00 pp	6 q
UBERUber Technologies, Inc.	0.04%	968,250	$53M	added0%	0.00 pp	4 q
ZNTLZentalis Pharmaceuticals, Inc.	0.04%	1,335,430	$58M	trimmed−3%	−0.01 pp	4 q
ALLOAllogene Therapeutics, Inc.	0.03%	1,305,400	$46M	added+5%	+0.01 pp	2 q
AXONAxon Enterprise, Inc.	0.03%	271,700	$39M	trimmed−10%	0.00 pp	6 q
BJBJs Wholesale Club Holdings, Inc.	0.03%	846,040	$38M	added+58%	+0.02 pp	6 q
CRWDCrowdStrike Holdings, Inc. Class A	0.03%	256,415	$47M	trimmed−1%	−0.01 pp	6 q
DELLDell Technologies Inc.	0.03%	474,470	$42M	trimmed−0%	0.00 pp	6 q
GKOSGlaukos Corporation	0.03%	436,300	$37M	added+1%	+0.01 pp	6 q
MDBMongoDB, Inc. Class A	0.03%	142,900	$38M	trimmed−7%	−0.01 pp	3 q
LASRnLIGHT, Inc.	0.03%	1,180,874	$38M	trimmed−6%	0.00 pp	6 q
OSISOSI Systems Inc	0.03%	382,850	$37M	added+10%	+0.01 pp	6 q
SWAVShockwave Medical, Inc.	0.03%	356,987	$47M	added+1%	0.00 pp	3 q
SW5Southwestern Energy Co	0.03%	10,548,550	$49M	trimmed−4%	+0.01 pp	6 q
unresolvedTurning Point Therapeutics I	0.03%	466,240	$44M	added+3%	−0.01 pp	4 q
PNRPentair plc	0.03%	716,500	$45M	trimmed−2%	0.00 pp	6 q
OPTUOptimum Communications, Inc.	0.02%	836,800	$27M	held	—	5 q
AMHAmerican Homes 4 Rent	0.02%	869,200	$29M	added+7%	0.00 pp	4 q
ARNAArena Pharmaceuticals Inc	0.02%	504,090	$35M	trimmed−1%	−0.01 pp	6 q
ARLOArlo Technologies, Inc.	0.02%	4,879,440	$31M	trimmed−3%	−0.01 pp	6 q
BBIOBridgeBio Pharma, Inc.	0.02%	355,237	$22M	new	+0.02 pp	new
CALACalithera Biosciences Inc	0.02%	10,333,700	$25M	added+1%	−0.02 pp	6 q
unresolvedColfax Corp	0.02%	614,600	$27M	trimmed−6%	0.00 pp	6 q
DASHDoorDash, Inc. Class A	0.02%	216,580	$28M	trimmed−50%	−0.03 pp	2 q
LABStandard BioTools Inc.	0.02%	5,420,743	$25M	trimmed−0%	0.00 pp	6 q
ROCKGibraltar Industries, Inc.	0.02%	374,900	$34M	held	—	6 q
GHGuardant Health, Inc.	0.02%	140,952	$22M	added+10%	+0.01 pp	3 q
IMAXImax Corp	0.02%	1,625,412	$33M	trimmed−12%	0.00 pp	6 q
KEXKirby Corporation	0.02%	450,100	$27M	trimmed−1%	0.00 pp	2 q
LPLALPL Financial Holdings Inc.	0.02%	204,000	$29M	held	—	5 q
MGMMgm Resorts International	0.02%	856,900	$33M	trimmed−58%	−0.03 pp	6 q
MATXMatsons, Inc.	0.02%	392,292	$26M	trimmed−27%	0.00 pp	6 q
MAXRMaxar Technologies Inc.	0.02%	814,400	$31M	added+28%	0.00 pp	6 q
NNBRNN Inc	0.02%	5,054,691	$36M	trimmed−7%	−0.01 pp	6 q
NSCNorfolk Southern Corp.	0.02%	118,500	$32M	trimmed−7%	0.00 pp	6 q
NUVANuVasive, Inc.	0.02%	399,000	$26M	trimmed−19%	0.00 pp	6 q
CRMSalesforce, Inc.	0.02%	130,000	$28M	added×2.6	+0.01 pp	6 q
TSNTyson Foods, Inc.	0.02%	415,900	$31M	trimmed−23%	−0.01 pp	6 q
ULTAUlta Beauty, Inc.	0.02%	75,300	$23M	held	—	6 q
VFCV.F. Corporation	0.02%	388,400	$31M	trimmed−7%	−0.01 pp	6 q
XPOXPO, Inc.	0.02%	281,300	$35M	new	+0.02 pp	new
AMBAAmbarella, Inc.	0.02%	296,000	$30M	trimmed−1%	0.00 pp	3 q
NVTnVent Electric plc	0.02%	887,900	$25M	held	—	6 q
WVEWave Life Sciences Ltd.	0.02%	4,665,950	$26M	added+19%	0.00 pp	6 q
ARAYAccuray Incorporated	0.01%	1,537,900	$8M	trimmed−44%	0.00 pp	6 q
ADPTAdaptive Biotechnologies Corporation	0.01%	210,500	$8M	added+64%	0.00 pp	5 q
AREAlexandria Real Estate Equities, Inc.	0.01%	119,500	$20M	held	—	6 q
AM6Amicus Therapeutics Inc	0.01%	2,130,000	$21M	held	—	6 q
AZOAutoZone, Inc.	0.01%	5,275	$7M	trimmed−20%	0.00 pp	6 q
CVGWCalavo Growers Inc	0.01%	183,400	$14M	held	—	6 q
CCJCameco Corporation	0.01%	736,700	$12M	added+18%	0.00 pp	6 q
SCORcomScore, Inc.	0.01%	5,487,965	$20M	held	—	6 q
DRIDarden Restaurants, Inc.	0.01%	51,800	$7M	held	—	4 q
EPREPR Properties	0.01%	247,889	$12M	added+2%	0.00 pp	4 q
unresolvedGlaxosmithkline PLC	0.01%	559,300	$20M	held	—	6 q
HANHawaiian Holdings Inc	0.01%	326,100	$9M	trimmed−5%	+0.01 pp	6 q
HCATHealth Catalyst, Inc	0.01%	222,015	$10M	added×2.2	+0.01 pp	4 q
LGF.BLions Gate Entertainment Corp. Class B Non-Voting Shares	0.01%	592,900	$8M	trimmed−21%	0.00 pp	6 q
MTSIMACOM Technology Solutions Holdings, Inc	0.01%	156,200	$9M	trimmed−5%	0.00 pp	6 q
SPHRSphere Entertainment Co.	0.01%	215,873	$18M	added+5%	−0.01 pp	4 q
MGNIMagnite, Inc.	0.01%	300,000	$12M	held	—	6 q
DOORMasonite International Corp	0.01%	173,500	$20M	trimmed−8%	0.00 pp	5 q
MTLSMaterialise NV	0.01%	403,724	$15M	trimmed−28%	−0.01 pp	6 q
MASS908 Devices Inc.	0.01%	328,600	$16M	added+1%	0.00 pp	2 q
ORLYO'Reilly Automotive, Inc.	0.01%	16,000	$8M	new	+0.01 pp	new
unresolvedOlink Hldg AB	0.01%	200,000	$7M	new	+0.01 pp	new
OSUROraSure Technologies Inc	0.01%	1,077,170	$13M	trimmed−21%	0.00 pp	6 q
PENPenumbra, Inc.	0.01%	51,590	$14M	trimmed−1%	0.00 pp	6 q
PRSPPerspecta Inc	0.01%	580,564	$17M	trimmed−9%	0.00 pp	6 q
PMPhilip Morris International Inc.	0.01%	155,000	$14M	held	—	6 q
RPDRapid7, Inc.	0.01%	206,700	$15M	added+4%	0.00 pp	6 q
SF9Sanderson Farms Inc	0.01%	76,700	$12M	added0%	0.00 pp	4 q
SAICScience Applications International Corporation	0.01%	167,800	$14M	held	—	5 q
6SSServicesource International	0.01%	8,368,633	$12M	held	—	6 q
unresolvedSkillz Inc	0.01%	426,100	$8M	trimmed−9%	0.00 pp	2 q
SNAPSnap Inc.	0.01%	253,600	$13M	trimmed−3%	0.00 pp	4 q
SAVEQSpirit Airlines, Inc.	0.01%	340,700	$13M	trimmed−8%	0.00 pp	6 q
VGVonage Holdings Corp	0.01%	703,400	$8M	trimmed−23%	0.00 pp	3 q
WATWaters Corp	0.01%	40,998	$12M	added+8%	0.00 pp	2 q
WSCWillScot Holdings Corporation Class A	0.01%	387,300	$11M	trimmed−14%	0.00 pp	4 q
GTMZoomInfo Technologies Inc	0.01%	319,089	$16M	trimmed−15%	0.00 pp	4 q
GANGan Ltd	0.01%	1,083,200	$20M	added+18%	0.00 pp	4 q
CYBRCyberark Software LTD/ISRAEL	0.01%	93,600	$12M	added+5%	0.00 pp	6 q
ANGIAngi Inc. Class A	0.00%	115,000	$1M	trimmed−60%	0.00 pp	6 q
ALGTAllegiant Travel Company	0.00%	12,300	$3M	trimmed−24%	0.00 pp	6 q
AXPAmerican Express Company	0.00%	18,800	$3M	held	—	6 q
ABUSArbutus Biopharma Corporation	0.00%	500,000	$2M	held	—	6 q
ANETArista Networks	0.00%	3,150	$951,000	held	—	6 q
AWIArmstrong World Industries, Inc.	0.00%	22,000	$2M	held	—	6 q
HOMEAt Home Group Inc.	0.00%	112,100	$3M	held	—	6 q
BLIBerkeley Lights, Inc.	0.00%	21,658	$1M	new	0.00 pp	new
BYNDBeyond Meat, Inc.	0.00%	18,800	$2M	trimmed−14%	0.00 pp	2 q
BEBloom Energy Corporation	0.00%	57,600	$2M	trimmed−42%	0.00 pp	6 q
BOOTBoot Barn Holdings, Inc.	0.00%	75,000	$5M	held	—	6 q
CBOECboe Global Markets, Inc.	0.00%	55,200	$5M	trimmed−11%	0.00 pp	6 q
CECelanese Corporation	0.00%	10,950	$2M	held	—	6 q
CERNCerner Corp	0.00%	19,400	$1M	held	—	6 q
CIENCiena Corporation	0.00%	58,085	$3M	trimmed−49%	0.00 pp	4 q
STZConstellation Brands, Inc.	0.00%	25,700	$6M	trimmed−34%	−0.01 pp	6 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	72,000	$1M	held	—	6 q
NCSCornerstone Building Brands	0.00%	335,000	$5M	trimmed−1%	0.00 pp	6 q
DBDDiebold Nixdorf, Incorporated	0.00%	269,760	$4M	trimmed−7%	0.00 pp	6 q
96669EURDmrc LLC	0.00%	175,846	$5M	trimmed−39%	−0.01 pp	6 q
DOCUDocuSign, Inc.	0.00%	33,225	$7M	trimmed−18%	−0.01 pp	2 q
ETMEntercom Communications	0.00%	924,300	$5M	trimmed−23%	0.00 pp	6 q
FAROFaro Technologies Inc	0.00%	75,400	$7M	held	—	6 q
FIVEFive Below, Inc.	0.00%	23,200	$4M	added+7%	0.00 pp	6 q
GILGildan Activewear Inc.	0.00%	108,340	$3M	held	—	6 q
GEF.BGreif, Inc. Class B	0.00%	33,000	$2M	held	—	6 q
DOCHealthpeak Properties, Inc.	0.00%	173,000	$5M	added+1%	0.00 pp	2 q
IMGNImmunogen Inc	0.00%	846,127	$7M	trimmed−6%	0.00 pp	6 q
NGVTIngevity Corporation	0.00%	49,000	$4M	added+34%	0.00 pp	6 q
JELDJELD-WEN Holding, Inc.	0.00%	28,900	$800,000	new	0.00 pp	new
MSGSMadison Square Garden Sports Corp.	0.00%	6,873	$1M	held	—	5 q
MBIIMarrone Bio Innovations, Inc.	0.00%	1,936,800	$4M	trimmed−2%	0.00 pp	6 q
MREOMereo BioPharma Group plc	0.00%	489,100	$2M	held	—	6 q
AVOMission Produce, Inc.	0.00%	187,887	$4M	added×3.1	0.00 pp	2 q
NFLXNetFlix Inc	0.00%	5,500	$3M	held	—	6 q
NFENew Fortress Energy Inc. Class A	0.00%	48,800	$2M	added+15%	0.00 pp	3 q
NOKNokia Corporation	0.00%	1,664,883	$7M	trimmed−75%	−0.02 pp	6 q
OKTAOkta, Inc. Class A	0.00%	11,200	$2M	added+9%	0.00 pp	5 q
OMCLOmnicell Inc	0.00%	33,337	$4M	new	0.00 pp	new
unresolvedPluralsight	0.00%	189,400	$4M	held	—	6 q
PBHPrestige Consumer Healthcare Inc.	0.00%	31,400	$1M	held	—	6 q
RMBSRambus Inc	0.00%	318,048	$6M	trimmed−64%	−0.01 pp	6 q
SAFESafehold Inc.	0.00%	13,000	$911,000	added+24%	0.00 pp	2 q
SLBSLB Limited	0.00%	145,800	$4M	trimmed−1%	0.00 pp	6 q
SEERSeer, Inc. Class A	0.00%	94,550	$5M	added+23%	0.00 pp	2 q
AXONSio Gene Therapies Inc	0.00%	52,325	$137,000	trimmed−1%	0.00 pp	6 q
SNCYSun Country Airlines Holdings, Inc.	0.00%	86,800	$3M	new	0.00 pp	new
TXG10x Genomics, Inc. Class A	0.00%	7,650	$1M	held	—	5 q
TPCOTribune Publishing Company	0.00%	198,500	$4M	trimmed−2%	0.00 pp	6 q
unresolved2U Inc	0.00%	169,700	$6M	held	—	6 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.00%	9,404	$3M	added+7%	0.00 pp	4 q
ZMZoom Communications, Inc. Class A	0.00%	3,775	$1M	added×3.8	0.00 pp	5 q
FTITechnipFMC plc	0.00%	548,100	$4M	trimmed−25%	−0.01 pp	6 q
CVXChevron Corporation	—	−239,330	—	exited	−0.02 pp	—
KRThe Kroger Co.	—	−96,100	—	exited	0.00 pp	—
LGFLions Gate Entertainment-a	—	−586,900	—	exited	0.00 pp	—
OSWOneSpaWorld Holdings Limited	—	−350,000	—	exited	0.00 pp	—