PRIMECAP

Q4 2021 13F · by Joel Fried, portfolio manager

As of: Dec 31, 2021
Filed: Feb 11, 2022
US stock: $144.5B · prev $141.7B
Positions: 342 · prev 337
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%

Moves311 since the prior filing

+0.3 pp in · −0.3 pp out

New 11 +0.36 pp
Added 58 −0.06 pp
Trimmed 236 −0.11 pp
Exited 6 −0.17 pp

The book

Diversified · behaves like 62 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 4.0% a year, about 25.1 years per position

Low
Moderate
High

Top 5 positions18% of US stock

Positions342 in this filing · 6 exited


LLYEli Lilly & Co.	5.68%	29,690,681	$8.2B	trimmed−9%	+0.35 pp	9 q
MSFTMicrosoft Corp	4.02%	17,267,545	$5.8B	trimmed−5%	+0.39 pp	9 q
MUMicron Technology, Inc.	2.66%	41,210,676	$3.8B	trimmed−5%	+0.49 pp	9 q
BIIBBiogen Inc.	2.62%	15,757,405	$3.8B	trimmed−3%	−0.63 pp	9 q
ADBEAdobe Inc.	2.61%	6,640,698	$3.8B	trimmed−7%	−0.30 pp	9 q
TSLATesla, Inc.	2.61%	3,565,840	$3.8B	trimmed−12%	+0.40 pp	9 q
AMGNAmgen Inc	2.46%	15,776,155	$3.5B	trimmed−2%	+0.05 pp	9 q
TXNTexas Instruments Incorporated	2.39%	18,307,352	$3.5B	trimmed−6%	−0.25 pp	9 q
FDXFedEx Corporation	2.36%	13,195,532	$3.4B	trimmed−3%	+0.25 pp	9 q
GOOGLAlphabet Inc. Class A	2.33%	1,160,739	$3.4B	trimmed−7%	−0.02 pp	9 q
KLACKLA Corporation	2.31%	7,764,174	$3.3B	trimmed−3%	+0.42 pp	9 q
SONYSony Group Corporation	2.29%	26,223,575	$3.3B	trimmed−6%	+0.12 pp	9 q
TMOThermo Fisher Scientific, Inc.	1.90%	4,105,102	$2.7B	trimmed−5%	+0.17 pp	9 q
AZNNAstrazeneca Plc-spons ADR	1.88%	46,690,500	$2.7B	trimmed−3%	−0.17 pp	9 q
SCHWThe Charles Schwab Corporation	1.65%	28,312,764	$2.4B	trimmed−3%	+0.16 pp	9 q
WFCWells Fargo & Co.	1.65%	49,697,175	$2.4B	trimmed−1%	+0.01 pp	9 q
LUVSouthwest Airlines Co.	1.61%	54,290,429	$2.3B	trimmed−3%	−0.42 pp	9 q
GOOGAlphabet Inc. Class C	1.56%	778,572	$2.3B	trimmed−6%	+0.01 pp	9 q
BABAAlibaba Group Holding Limited	1.43%	17,384,317	$2.1B	added+4%	−0.32 pp	9 q
INTCIntel Corp	1.40%	39,401,295	$2.0B	added+9%	+0.05 pp	9 q
JPMJPMorgan Chase & Co.	1.26%	11,470,229	$1.8B	trimmed−7%	−0.16 pp	9 q
NTAPNetApp, Inc	1.16%	18,267,904	$1.7B	trimmed−12%	−0.16 pp	9 q
BSXBoston Scientific Corp.	1.12%	38,118,619	$1.6B	trimmed−4%	−0.09 pp	9 q
NVSNovartis AG	1.10%	18,165,590	$1.6B	trimmed−5%	0.00 pp	9 q
ACMAecom	1.09%	20,450,396	$1.6B	trimmed−4%	+0.14 pp	9 q
BMRNBioMarin Pharmaceuticals Inc	1.09%	17,804,780	$1.6B	trimmed−1%	+0.11 pp	9 q
BACBank of America Corporation	1.04%	33,730,141	$1.5B	trimmed−9%	−0.08 pp	9 q
BIDUBaidu, Inc.	0.99%	9,569,669	$1.4B	added0%	−0.05 pp	9 q
BMYBristol-Myers Squibb Co.	0.95%	22,114,455	$1.4B	added+17%	+0.16 pp	9 q
INTUIntuit Inc	0.92%	2,065,106	$1.3B	trimmed−6%	+0.08 pp	9 q
AMZNAmazon.Com Inc	0.91%	392,305	$1.3B	trimmed−1%	−0.01 pp	9 q
QCOMQualcomm Inc	0.91%	7,219,129	$1.3B	trimmed−17%	+0.12 pp	9 q
ROSTRoss Stores Inc	0.89%	11,286,899	$1.3B	trimmed−1%	+0.01 pp	9 q
WHRWhirlpool Corp.	0.81%	5,009,775	$1.2B	trimmed−1%	+0.08 pp	9 q
NVDANvidia Corp	0.78%	3,846,090	$1.1B	trimmed−16%	+0.11 pp	9 q
UALUnited Airlines Holdings, Inc.	0.77%	25,375,838	$1.1B	trimmed−4%	−0.11 pp	9 q
ERICEricsson	0.76%	101,196,127	$1.1B	trimmed−4%	−0.07 pp	9 q
BNTXBioNTech SE	0.75%	4,187,118	$1.1B	trimmed−2%	−0.08 pp	9 q
TJXTJX Companies, Inc. (The)	0.75%	14,204,848	$1.1B	trimmed−2%	+0.08 pp	9 q
RJFRaymond James Financial, Inc.	0.71%	10,264,364	$1.0B	added+3%	+0.06 pp	9 q
ONCBeOne Medicines Ltd.	0.70%	3,717,507	$1.0B	trimmed−2%	−0.28 pp	9 q
FLEXFlex Ltd.	0.70%	55,019,450	$1.0B	trimmed−4%	−0.02 pp	9 q
MATMattel, Inc.	0.68%	45,587,519	$983M	trimmed−1%	+0.07 pp	9 q
MRSHMarsh	0.67%	5,601,471	$974M	trimmed−9%	+0.01 pp	9 q
HPQHP Inc.	0.66%	25,424,525	$958M	trimmed−3%	+0.15 pp	9 q
JECJacobs Engineering Group	0.65%	6,725,222	$936M	trimmed−2%	0.00 pp	9 q
KMXCarMax Inc.	0.62%	6,827,663	$889M	trimmed−7%	−0.05 pp	9 q
HPEHewlett Packard Enterprise Company	0.62%	56,384,271	$889M	trimmed−1%	+0.05 pp	9 q
SPLKSplunk Inc	0.61%	7,569,051	$876M	added+1%	−0.16 pp	9 q
MSMorgan Stanley	0.60%	8,802,831	$864M	trimmed−10%	−0.07 pp	5 q
PXDPioneer Natural Resource Co.	0.60%	4,791,846	$872M	trimmed−1%	+0.03 pp	9 q
ELANElanco Animal Health Incorporated	0.59%	30,158,966	$856M	trimmed−2%	−0.10 pp	9 q
ORCLOracle Corp	0.59%	9,752,370	$851M	trimmed−2%	−0.02 pp	9 q
VVISA Inc.	0.59%	3,919,539	$849M	added+5%	0.00 pp	9 q
ADIAnalog Devices, Inc.	0.54%	4,473,170	$786M	trimmed−1%	+0.01 pp	9 q
DALDelta Air Lines, Inc.	0.53%	19,631,738	$767M	trimmed−6%	−0.10 pp	9 q
ABTAbbott Laboratories	0.52%	5,370,433	$756M	trimmed−7%	+0.04 pp	9 q
UNPUnion Pacific Corp.	0.52%	2,962,412	$746M	trimmed−3%	+0.10 pp	9 q
AALAmerican Airlines Group Inc.	0.51%	40,897,051	$735M	trimmed−4%	−0.11 pp	9 q
SGENSeagen Inc.	0.50%	4,647,090	$718M	trimmed−4%	−0.08 pp	9 q
CATCaterpillar Inc.	0.48%	3,377,908	$698M	trimmed−4%	0.00 pp	9 q
HESHess Corporation	0.48%	9,437,505	$699M	trimmed−0%	−0.04 pp	9 q
AMATApplied Materials Inc	0.47%	4,355,583	$685M	trimmed−4%	+0.06 pp	9 q
ALBAlbemarle Corporation	0.43%	2,646,105	$619M	trimmed−8%	−0.01 pp	9 q
ASMLASML Holding NV	0.43%	779,679	$621M	trimmed−5%	0.00 pp	7 q
ABMDAbiomed Inc	0.41%	1,667,632	$599M	trimmed−7%	0.00 pp	9 q
UPSUnited Parcel Service, Inc. Class B	0.41%	2,791,591	$598M	trimmed−8%	+0.02 pp	9 q
DISThe Walt Disney Company	0.37%	3,458,667	$536M	trimmed−5%	−0.06 pp	9 q
ZBHZimmer Biomet Holdings, Inc.	0.36%	4,068,620	$517M	added+5%	−0.04 pp	9 q
TRMBTrimble Inc.	0.35%	5,732,981	$500M	trimmed−6%	0.00 pp	9 q
CSCOCisco Systems, Inc. (DE)	0.34%	7,786,990	$493M	trimmed−12%	0.00 pp	9 q
NTRSNorthern Trust Corp	0.33%	4,017,342	$481M	added+2%	+0.03 pp	9 q
PYPLPayPal Holdings, Inc.	0.32%	2,436,400	$459M	trimmed−3%	−0.14 pp	9 q
TXTTextron, Inc.	0.32%	5,912,130	$456M	trimmed−1%	+0.02 pp	9 q
AAgilent Technologies Inc.	0.30%	2,694,631	$430M	trimmed−5%	−0.01 pp	9 q
CVSCvs Health Corporation	0.30%	4,263,235	$440M	trimmed−2%	+0.04 pp	9 q
ENTGEntegris Inc	0.30%	3,165,812	$439M	trimmed−8%	0.00 pp	9 q
BBWIBath & Body Works, Inc.	0.29%	6,000,385	$419M	trimmed−1%	+0.02 pp	9 q
AAPLApple Inc.	0.28%	2,291,600	$407M	trimmed−1%	+0.05 pp	9 q
DFSDiscover Financial Services	0.28%	3,477,659	$402M	trimmed−5%	−0.04 pp	9 q
METAMeta Platforms, Inc. Class A	0.28%	1,200,875	$404M	added+5%	+0.01 pp	9 q
TDGTransDigm Group Incorporated	0.27%	611,044	$389M	trimmed−0%	0.00 pp	9 q
LIVNLivaNova PLC	0.27%	4,415,445	$386M	added+6%	+0.04 pp	9 q
RCLRoyal Caribbean Group	0.27%	5,062,611	$389M	trimmed−3%	−0.06 pp	9 q
BBBlackBerry Limited	0.26%	39,918,252	$373M	trimmed−3%	−0.02 pp	9 q
GLWCorning Incorporated	0.26%	10,016,119	$373M	trimmed−6%	−0.01 pp	9 q
AIYActivision Blizzard Inc	0.25%	5,433,000	$361M	trimmed−3%	−0.06 pp	9 q
OLEDUniversal Display Corp	0.25%	2,175,579	$359M	trimmed−3%	−0.02 pp	9 q
XPEVXPeng Inc.	0.24%	6,767,487	$341M	added+1%	+0.07 pp	6 q
PODDInsulet Corporation	0.23%	1,272,860	$339M	trimmed−7%	−0.05 pp	9 q
DSGXDescartes Systems Group Inc	0.21%	3,608,106	$298M	trimmed−10%	−0.02 pp	9 q
MXLMaxLinear, Inc.	0.21%	4,062,272	$306M	trimmed−8%	+0.06 pp	9 q
RVTYRevvity, Inc.	0.21%	1,493,735	$300M	trimmed−4%	+0.02 pp	9 q
CCLCarnival Corporation Ltd.	0.20%	14,458,024	$291M	trimmed−1%	−0.06 pp	9 q
EWEdwards Lifesciences Corp	0.20%	2,188,300	$283M	trimmed−4%	+0.02 pp	9 q
GSGoldman Sachs Group Inc.	0.20%	745,150	$285M	trimmed−1%	0.00 pp	5 q
KEYSKeysight Technologies, Inc.	0.20%	1,380,220	$285M	trimmed−7%	+0.03 pp	9 q
CARRCarrier Global Corporation	0.19%	4,999,962	$271M	trimmed−1%	+0.01 pp	7 q
CCitigroup Inc.	0.19%	4,585,946	$277M	trimmed−5%	−0.05 pp	9 q
EOGEOG Resources, Inc.	0.19%	3,023,929	$269M	trimmed−3%	+0.01 pp	9 q
CMECME Group Inc.	0.18%	1,168,230	$267M	trimmed−1%	+0.02 pp	9 q
ILMNIllumina Inc	0.18%	664,558	$253M	trimmed−3%	−0.02 pp	9 q
JBLJabil Inc.	0.18%	3,609,800	$254M	trimmed−4%	+0.02 pp	9 q
USBU.S. Bancorp	0.18%	4,637,800	$261M	trimmed−3%	−0.02 pp	9 q
ALKAlaska Air Group, Inc.	0.17%	4,771,197	$249M	trimmed−5%	−0.04 pp	9 q
NUANNuance Communications, Inc.	0.17%	4,314,961	$239M	trimmed−15%	−0.03 pp	9 q
WOLFWolfspeed, Inc.	0.17%	2,204,652	$246M	new	+0.17 pp	new
CWCurtiss-Wright Corp.	0.16%	1,703,400	$236M	trimmed−4%	0.00 pp	9 q
NKTRNektar Therapeutics	0.16%	17,412,422	$235M	trimmed−3%	−0.07 pp	9 q
JBLUJetBlue Airways Corp	0.15%	15,318,956	$218M	trimmed−4%	−0.02 pp	9 q
CPRICapri Holdings Limited	0.15%	3,233,471	$210M	trimmed−11%	+0.03 pp	9 q
DLTRDollar Tree Inc.	0.14%	1,489,475	$209M	added0%	+0.04 pp	7 q
GDGeneral Dynamics Corporation	0.14%	1,002,580	$209M	trimmed−4%	0.00 pp	9 q
LYFTLyft, Inc. Class A	0.14%	4,704,201	$201M	trimmed−3%	−0.04 pp	9 q
XNCRXencor, Inc.	0.14%	4,987,822	$200M	trimmed−5%	+0.02 pp	9 q
ADSKAutodesk Inc	0.13%	660,500	$186M	held	—	9 q
FGENKyntra Bio, Inc.	0.13%	12,989,123	$183M	added+2%	+0.04 pp	9 q
MKTXMarketAxess Holdings Inc.	0.13%	464,190	$191M	added+3%	0.00 pp	9 q
PLTPlantronics Inc	0.13%	6,335,050	$186M	added0%	+0.02 pp	9 q
TERTeradyne, Inc.	0.13%	1,154,430	$189M	trimmed−9%	+0.03 pp	9 q
AMEAmetek, Inc.	0.12%	1,174,340	$173M	trimmed−9%	+0.01 pp	8 q
BURLBurlington Stores, Inc.	0.12%	589,850	$172M	added+2%	0.00 pp	9 q
DEDeere & Company	0.12%	507,480	$174M	trimmed−1%	0.00 pp	9 q
DDDuPont de Nemours, Inc.	0.12%	2,087,474	$169M	trimmed−6%	+0.01 pp	9 q
EBAYeBay Inc	0.12%	2,694,050	$179M	trimmed−2%	−0.02 pp	9 q
IQVIQVIA Holdings Inc.	0.12%	603,377	$170M	trimmed−0%	+0.02 pp	8 q
PGRProgressive Corporation	0.12%	1,649,220	$169M	trimmed−3%	+0.01 pp	9 q
WEXWEX Inc.	0.12%	1,280,730	$180M	added+14%	−0.02 pp	4 q
ACLSAxcelis Technologies Inc	0.11%	2,094,870	$156M	trimmed−6%	+0.04 pp	9 q
CSXCSX Corporation	0.11%	4,042,400	$152M	trimmed−4%	+0.02 pp	9 q
CHTRCharter Comm Inc Del CL A New	0.11%	248,770	$162M	trimmed−0%	−0.02 pp	9 q
FCXFreeport-McMoran Inc.	0.11%	3,970,275	$166M	added+7%	+0.02 pp	5 q
IRBTiRobot Corporation	0.11%	2,421,043	$159M	trimmed−8%	−0.04 pp	9 q
MARMarriott International Class A	0.11%	956,846	$158M	trimmed−6%	0.00 pp	9 q
LUNGPulmonx Corporation	0.11%	4,943,891	$159M	added+66%	+0.03 pp	5 q
SYYSysco Corporation	0.11%	2,074,800	$163M	added+4%	0.00 pp	4 q
FORMFormFactor Inc.	0.10%	3,126,419	$143M	trimmed−4%	+0.01 pp	9 q
OTISOtis Worldwide Corporation	0.10%	1,691,731	$147M	added+1%	0.00 pp	7 q
ALKSAlkermes Inc. plc	0.10%	6,075,180	$141M	trimmed−5%	−0.04 pp	9 q
CRLCharles River Laboratories International, Inc.	0.09%	357,780	$135M	trimmed−2%	−0.02 pp	9 q
DOWDow Inc.	0.09%	2,182,802	$124M	trimmed−11%	−0.01 pp	9 q
LYVLive Nation Entertainment Inc.	0.09%	1,039,035	$124M	trimmed−1%	+0.02 pp	6 q
SYKStryker Corporation	0.09%	475,000	$127M	held	—	9 q
TMUST-Mobile US, Inc.	0.09%	1,100,256	$128M	trimmed−5%	−0.01 pp	9 q
VSXYVictorias Secret & Co.	0.09%	2,240,532	$124M	trimmed−0%	0.00 pp	2 q
WDCWestern Digital Corp.	0.09%	2,009,947	$131M	added+12%	+0.02 pp	9 q
RIGTransocean LTD.	0.09%	47,524,006	$131M	trimmed−1%	−0.04 pp	9 q
AURAurora Innovation, Inc. Class A	0.08%	10,279,870	$116M	new	+0.08 pp	new
EAElectronic Arts Inc	0.08%	830,025	$109M	trimmed−4%	−0.01 pp	9 q
FISFidelity National Information Services, Inc.	0.08%	1,122,650	$123M	added+40%	+0.01 pp	4 q
HUBSHubspot, Inc.	0.08%	166,800	$110M	trimmed−23%	−0.02 pp	9 q
MAMastercard Incorporated	0.08%	308,100	$111M	added+16%	+0.01 pp	9 q
NWLNewell Brands Inc.	0.08%	5,447,200	$119M	trimmed−1%	−0.01 pp	9 q
NTNXNutanix, Inc. Class A	0.08%	3,542,715	$113M	added+1%	−0.01 pp	9 q
PANWPalo Alto Networks, Inc.	0.08%	195,654	$109M	trimmed−1%	+0.01 pp	9 q
MDTMedtronic plc	0.08%	1,109,740	$115M	trimmed−1%	−0.02 pp	9 q
CTVACorteva, Inc.	0.07%	2,056,395	$97M	trimmed−1%	+0.01 pp	9 q
IEXIDEX Corporation	0.07%	409,085	$97M	trimmed−4%	+0.01 pp	9 q
ROKRockwell Automation, Inc.	0.07%	280,220	$98M	trimmed−2%	+0.01 pp	9 q
TWTradeweb Markets Inc. Class A	0.07%	1,044,225	$105M	trimmed−1%	+0.01 pp	9 q
ZNTLZentalis Pharmaceuticals, Inc.	0.07%	1,253,640	$105M	trimmed−6%	+0.01 pp	7 q
CTRACoterra Energy Inc.	0.06%	4,469,450	$85M	trimmed−1%	−0.01 pp	9 q
HLTHilton Worldwide Holdings Inc.	0.06%	553,565	$86M	held	—	9 q
ODFLOld Dominion Freight Line	0.06%	230,750	$83M	trimmed−6%	+0.01 pp	9 q
PINSPinterest, Inc. Class A	0.06%	2,568,200	$93M	added+81%	+0.01 pp	9 q
TTWOTake-Two Interactive Software Inc	0.06%	506,470	$90M	held	—	5 q
UUnity Software Inc.	0.06%	631,364	$90M	trimmed−9%	0.00 pp	6 q
99952EURLinde PLC/OLD	0.06%	270,500	$94M	trimmed−5%	0.00 pp	9 q
SSYSStratasys Inc (ISRAEL)	0.06%	3,825,199	$94M	trimmed−10%	0.00 pp	9 q
ALLOAllogene Therapeutics, Inc.	0.05%	4,661,815	$70M	added+29%	−0.02 pp	5 q
CERSCerus Corp	0.05%	9,722,300	$66M	trimmed−3%	+0.01 pp	9 q
LOWLowe's Companies Inc.	0.05%	282,000	$73M	held	—	4 q
QSRRestaurant Brands International Inc.	0.05%	1,255,700	$76M	trimmed−8%	−0.01 pp	9 q
VLOValero Energy Corporation	0.05%	1,029,500	$77M	trimmed−2%	0.00 pp	5 q
VMWVMware, Inc	0.05%	634,231	$73M	added+18%	−0.01 pp	9 q
ALCAlcon Inc.	0.05%	906,740	$79M	trimmed−1%	0.00 pp	9 q
ALTRAltair Engineering Inc. Class A	0.04%	834,400	$65M	trimmed−7%	0.00 pp	9 q
MOAltria Group, Inc.	0.04%	1,292,124	$61M	held	—	9 q
ARLOArlo Technologies, Inc.	0.04%	5,279,310	$55M	trimmed−2%	+0.02 pp	9 q
BJBJs Wholesale Club Holdings, Inc.	0.04%	778,000	$52M	trimmed−5%	+0.01 pp	9 q
LHXL3Harris Technologies, Inc.	0.04%	296,600	$63M	trimmed−5%	−0.01 pp	8 q
SPHRSphere Entertainment Co.	0.04%	787,721	$55M	trimmed−1%	0.00 pp	7 q
MCDMcDonald's Corporation	0.04%	236,500	$63M	held	—	9 q
NMIHNMI Holdings Inc.	0.04%	2,584,779	$56M	trimmed−3%	0.00 pp	9 q
RYTMRhythm Pharmaceuticals, Inc.	0.04%	6,256,991	$62M	added+1%	−0.02 pp	9 q
CRMSalesforce, Inc.	0.04%	245,900	$62M	held	—	9 q
SNYSanofi	0.04%	1,249,860	$63M	trimmed−7%	−0.01 pp	9 q
SWAVShockwave Medical, Inc.	0.04%	352,600	$63M	trimmed−1%	−0.01 pp	6 q
UBERUber Technologies, Inc.	0.04%	1,261,950	$53M	added+33%	+0.01 pp	7 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.04%	2,518,570	$52M	trimmed−4%	−0.01 pp	9 q
PNRPentair plc	0.04%	711,500	$52M	trimmed−0%	0.00 pp	9 q
ARNAArena Pharmaceuticals Inc	0.03%	435,870	$41M	trimmed−11%	+0.01 pp	9 q
CRNCCerence Inc.	0.03%	581,634	$45M	trimmed−12%	−0.01 pp	9 q
CHGGChegg, Inc.	0.03%	1,499,000	$46M	trimmed−12%	−0.05 pp	9 q
CRWDCrowdStrike Holdings, Inc. Class A	0.03%	234,315	$48M	trimmed−5%	−0.01 pp	9 q
EPZMEpizyme, Inc	0.03%	15,366,477	$38M	added0%	−0.03 pp	9 q
EXKExact Sciences Corp	0.03%	532,300	$41M	trimmed−7%	−0.01 pp	9 q
HONHoneywell International, Inc.	0.03%	238,000	$50M	trimmed−1%	−0.01 pp	9 q
LVSLas Vegas Sands Corp.	0.03%	1,159,400	$44M	trimmed−0%	0.00 pp	9 q
MGMMgm Resorts International	0.03%	852,380	$38M	trimmed−0%	0.00 pp	9 q
MDBMongoDB, Inc. Class A	0.03%	84,800	$45M	trimmed−37%	−0.01 pp	6 q
RTXRTX Corporation	0.03%	565,362	$49M	trimmed−27%	−0.02 pp	9 q
RIVNRivian Automotive, Inc. Class A	0.03%	454,700	$47M	new	+0.03 pp	new
RYAAYRyanair Holdings plc	0.03%	450,800	$46M	trimmed−2%	−0.01 pp	9 q
SW5Southwestern Energy Co	0.03%	10,288,925	$48M	trimmed−2%	−0.01 pp	9 q
9900123DPerimeter Solutions SA	0.03%	2,601,381	$36M	new	+0.03 pp	new
OPTUOptimum Communications, Inc.	0.02%	1,346,300	$22M	added+1%	0.00 pp	8 q
AMHAmerican Homes 4 Rent	0.02%	613,850	$27M	trimmed−2%	0.00 pp	7 q
AXONAxon Enterprise, Inc.	0.02%	220,300	$35M	trimmed−14%	−0.01 pp	9 q
EATBrinker International, Inc.	0.02%	738,865	$27M	added+92%	+0.01 pp	3 q
unresolvedColfax Corp	0.02%	491,800	$23M	trimmed−17%	0.00 pp	9 q
CMCSAComcast Corp	0.02%	544,507	$27M	trimmed−37%	−0.01 pp	9 q
DHRDanaher Corporation	0.02%	75,526	$25M	held	—	3 q
DELLDell Technologies Inc.	0.02%	464,310	$26M	trimmed−1%	−0.01 pp	9 q
DASHDoorDash, Inc. Class A	0.02%	187,420	$28M	trimmed−5%	−0.01 pp	5 q
GXOGXO Logistics, Inc.	0.02%	337,500	$31M	trimmed−0%	0.00 pp	2 q
ROCKGibraltar Industries, Inc.	0.02%	371,100	$25M	held	—	9 q
GKOSGlaukos Corporation	0.02%	532,900	$24M	added+7%	0.00 pp	9 q
unresolvedGlaxosmithkline PLC	0.02%	551,400	$24M	held	—	9 q
IMAXImax Corp	0.02%	1,239,500	$22M	trimmed−7%	0.00 pp	9 q
KEXKirby Corporation	0.02%	442,600	$26M	trimmed−1%	0.00 pp	5 q
LPLALPL Financial Holdings Inc.	0.02%	189,300	$30M	trimmed−7%	0.00 pp	8 q
unresolvedLeslies Inc	0.02%	976,800	$23M	new	+0.02 pp	new
DOORMasonite International Corp	0.02%	199,200	$23M	added+1%	+0.01 pp	8 q
MATXMatsons, Inc.	0.02%	384,192	$35M	trimmed−1%	0.00 pp	9 q
MAXRMaxar Technologies Inc.	0.02%	994,070	$29M	trimmed−2%	0.00 pp	9 q
LASRnLIGHT, Inc.	0.02%	1,158,674	$28M	trimmed−2%	0.00 pp	9 q
NSCNorfolk Southern Corp.	0.02%	108,000	$32M	trimmed−6%	0.00 pp	9 q
OSISOSI Systems Inc	0.02%	336,630	$31M	trimmed−9%	0.00 pp	9 q
OLLIOllie's Bargain Outlet Holdings, Inc.	0.02%	523,700	$27M	added+33%	0.00 pp	2 q
RPDRapid7, Inc.	0.02%	199,420	$23M	trimmed−3%	0.00 pp	9 q
RNGRingcentral, Inc.	0.02%	180,700	$34M	trimmed−2%	−0.01 pp	8 q
unresolvedTurning Point Therapeutics I	0.02%	544,010	$26M	added+5%	0.00 pp	7 q
TSNTyson Foods, Inc.	0.02%	374,200	$33M	trimmed−4%	0.00 pp	9 q
ULTAUlta Beauty, Inc.	0.02%	74,340	$31M	trimmed−1%	0.00 pp	9 q
XPOXPO, Inc.	0.02%	348,800	$27M	added+3%	0.00 pp	4 q
XMTRXometry, Inc. Class A	0.02%	691,340	$35M	added×2.4	+0.01 pp	3 q
AMBAAmbarella, Inc.	0.02%	145,140	$29M	trimmed−17%	0.00 pp	6 q
NVTnVent Electric plc	0.02%	887,900	$34M	held	—	9 q
ALGTAllegiant Travel Company	0.01%	44,050	$8M	held	—	9 q
AM6Amicus Therapeutics Inc	0.01%	1,528,000	$18M	trimmed−6%	0.00 pp	9 q
AZOAutoZone, Inc.	0.01%	6,075	$13M	added+3%	0.00 pp	9 q
BOOTBoot Barn Holdings, Inc.	0.01%	72,500	$9M	trimmed−3%	+0.01 pp	9 q
BBIOBridgeBio Pharma, Inc.	0.01%	1,050,740	$18M	added×2.3	−0.01 pp	4 q
CCJCameco Corporation	0.01%	890,400	$19M	added+3%	0.00 pp	9 q
CIENCiena Corporation	0.01%	99,085	$8M	held	—	7 q
SCORcomScore, Inc.	0.01%	5,447,627	$18M	trimmed−0%	−0.01 pp	9 q
STZConstellation Brands, Inc.	0.01%	30,100	$8M	added+5%	+0.01 pp	9 q
DRIDarden Restaurants, Inc.	0.01%	59,700	$9M	added+15%	0.00 pp	7 q
EPREPR Properties	0.01%	210,320	$10M	trimmed−4%	0.00 pp	7 q
EVREvercore Inc.	0.01%	90,400	$12M	new	+0.01 pp	new
LABStandard BioTools Inc.	0.01%	5,093,403	$20M	trimmed−3%	−0.01 pp	9 q
FRSHFreshworks Inc. Class A	0.01%	278,900	$7M	new	+0.01 pp	new
GTLBGitLab Inc. Class A	0.01%	230,200	$20M	new	+0.01 pp	new
GOGrocery Outlet Holding Corp.	0.01%	600,300	$17M	trimmed−18%	0.00 pp	2 q
GHGuardant Health, Inc.	0.01%	196,652	$20M	held	—	6 q
HCATHealth Catalyst, Inc	0.01%	240,244	$10M	added+3%	0.00 pp	7 q
HUMHumana Inc.	0.01%	27,195	$13M	trimmed−32%	0.00 pp	3 q
INDIindie Semiconductor, Inc. Class A	0.01%	789,000	$9M	added+2%	0.00 pp	2 q
MTSIMACOM Technology Solutions Holdings, Inc	0.01%	104,600	$8M	trimmed−5%	0.00 pp	9 q
MTLSMaterialise NV	0.01%	361,824	$9M	trimmed−1%	0.00 pp	9 q
MRKMerck & Co., Inc.	0.01%	243,700	$19M	trimmed−52%	−0.02 pp	9 q
NNBRNN Inc	0.01%	2,768,600	$11M	trimmed−10%	0.00 pp	9 q
NUVANuVasive, Inc.	0.01%	151,100	$8M	trimmed−31%	0.00 pp	9 q
ORLYO'Reilly Automotive, Inc.	0.01%	19,700	$14M	trimmed−2%	0.00 pp	4 q
OMCLOmnicell Inc	0.01%	44,437	$8M	trimmed−26%	0.00 pp	4 q
OSUROraSure Technologies Inc	0.01%	995,280	$9M	trimmed−5%	0.00 pp	9 q
PENPenumbra, Inc.	0.01%	47,920	$14M	trimmed−3%	0.00 pp	9 q
PMPhilip Morris International Inc.	0.01%	170,500	$16M	held	—	9 q
PROPros Holdings, Inc.	0.01%	391,630	$14M	trimmed−66%	−0.02 pp	9 q
RMBSRambus Inc	0.01%	267,963	$8M	trimmed−6%	+0.01 pp	9 q
RGENRepligen Corp	0.01%	27,790	$7M	added+12%	0.00 pp	3 q
SAICScience Applications International Corporation	0.01%	167,800	$14M	held	—	8 q
6SSServicesource International	0.01%	8,248,408	$8M	trimmed−1%	0.00 pp	9 q
SNAPSnap Inc.	0.01%	253,050	$12M	held	—	7 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	16,205	$8M	held	—	7 q
WATWaters Corp	0.01%	45,900	$17M	trimmed−1%	0.00 pp	5 q
GTMZoomInfo Technologies Inc	0.01%	315,969	$20M	trimmed−1%	0.00 pp	7 q
ZMZoom Communications, Inc. Class A	0.01%	53,600	$10M	held	—	8 q
GANGan Ltd	0.01%	1,890,785	$17M	held	—	7 q
CYBRCyberark Software LTD/ISRAEL	0.01%	80,820	$14M	trimmed−2%	0.00 pp	9 q
WVEWave Life Sciences Ltd.	0.01%	4,594,575	$14M	added+1%	−0.01 pp	9 q
ARAYAccuray Incorporated	0.00%	510,200	$2M	trimmed−37%	0.00 pp	9 q
ADPTAdaptive Biotechnologies Corporation	0.00%	200,500	$6M	trimmed−2%	0.00 pp	8 q
ABUSArbutus Biopharma Corporation	0.00%	470,000	$2M	trimmed−6%	0.00 pp	9 q
ANETArista Networks	0.00%	10,600	$2M	held	—	9 q
AWIArmstrong World Industries, Inc.	0.00%	10,000	$1M	held	—	9 q
AMKAssetMark Financial Holdings, Inc.	0.00%	161,600	$4M	added+17%	0.00 pp	2 q
BLIBerkeley Lights, Inc.	0.00%	26,145	$475,000	added+6%	0.00 pp	4 q
BYNDBeyond Meat, Inc.	0.00%	3,300	$215,000	trimmed−82%	0.00 pp	5 q
BEBloom Energy Corporation	0.00%	49,600	$1M	held	—	9 q
CBOECboe Global Markets, Inc.	0.00%	35,900	$5M	trimmed−5%	0.00 pp	9 q
CVGWCalavo Growers Inc	0.00%	35,900	$2M	trimmed−65%	0.00 pp	9 q
CALACalithera Biosciences Inc	0.00%	10,733,000	$7M	added+1%	−0.02 pp	9 q
CECelanese Corporation	0.00%	8,000	$1M	held	—	9 q
CERNCerner Corp	0.00%	19,400	$2M	held	—	9 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	72,000	$1M	held	—	9 q
NCSCornerstone Building Brands	0.00%	65,000	$1M	trimmed−43%	0.00 pp	9 q
DBDDiebold Nixdorf, Incorporated	0.00%	267,000	$2M	trimmed−1%	0.00 pp	9 q
96669EURDmrc LLC	0.00%	10,200	$403,000	trimmed−77%	0.00 pp	9 q
DOCUDocuSign, Inc.	0.00%	30,075	$5M	trimmed−2%	−0.01 pp	5 q
DGDollar General Corp.	0.00%	8,100	$2M	new	0.00 pp	new
FAROFaro Technologies Inc	0.00%	63,060	$4M	trimmed−16%	0.00 pp	9 q
FIVEFive Below, Inc.	0.00%	22,400	$5M	held	—	9 q
ULCCFrontier Group Holdings, Inc.	0.00%	71,700	$973,000	held	—	3 q
GILGildan Activewear Inc.	0.00%	108,200	$5M	trimmed−0%	0.00 pp	9 q
GEF.BGreif, Inc. Class B	0.00%	28,000	$2M	trimmed−7%	0.00 pp	9 q
HANHawaiian Holdings Inc	0.00%	261,400	$5M	trimmed−17%	0.00 pp	9 q
IMGNImmunogen Inc	0.00%	761,727	$6M	trimmed−3%	0.00 pp	9 q
NGVTIngevity Corporation	0.00%	49,000	$4M	held	—	9 q
JAMFJamf Holding Corp.	0.00%	103,000	$4M	added+32%	0.00 pp	3 q
JELDJELD-WEN Holding, Inc.	0.00%	146,400	$4M	added+11%	0.00 pp	4 q
KRThe Kroger Co.	0.00%	35,000	$2M	new	0.00 pp	new
LICYLi-cycle Holdings Corp	0.00%	682,700	$7M	added+3%	−0.01 pp	2 q
MSGSMadison Square Garden Sports Corp.	0.00%	6,773	$1M	held	—	8 q
MQMarqeta, Inc. Class A	0.00%	32,700	$561,000	trimmed−2%	0.00 pp	2 q
MBIIMarrone Bio Innovations, Inc.	0.00%	1,583,800	$1M	trimmed−7%	0.00 pp	9 q
MREOMereo BioPharma Group plc	0.00%	332,200	$532,000	trimmed−2%	0.00 pp	9 q
AVOMission Produce, Inc.	0.00%	46,720	$734,000	trimmed−15%	0.00 pp	5 q
NFLXNetFlix Inc	0.00%	5,480	$3M	trimmed−0%	0.00 pp	9 q
NFENew Fortress Energy Inc. Class A	0.00%	158,600	$4M	added×2.3	0.00 pp	6 q
MASS908 Devices Inc.	0.00%	188,129	$5M	trimmed−18%	−0.01 pp	5 q
NOKNokia Corporation	0.00%	1,160,000	$7M	trimmed−10%	0.00 pp	9 q
OKTAOkta, Inc. Class A	0.00%	10,925	$2M	held	—	8 q
unresolvedOlink Hldg AB	0.00%	30,000	$546,000	trimmed−9%	0.00 pp	4 q
PBHPrestige Consumer Healthcare Inc.	0.00%	31,400	$2M	held	—	9 q
RBLXRoblox Corporation	0.00%	45,500	$5M	held	—	2 q
SAFESafehold Inc.	0.00%	54,400	$4M	trimmed−16%	0.00 pp	5 q
SG7Sage Therapeutics Inc	0.00%	64,100	$3M	new	0.00 pp	new
SF9Sanderson Farms Inc	0.00%	7,300	$1M	trimmed−82%	−0.01 pp	7 q
SLBSLB Limited	0.00%	119,900	$4M	added+2%	0.00 pp	9 q
SEERSeer, Inc. Class A	0.00%	69,700	$2M	trimmed−4%	0.00 pp	5 q
AXONSio Gene Therapies Inc	0.00%	20,100	$26,000	trimmed−61%	0.00 pp	9 q
unresolvedSkillz Inc	0.00%	426,100	$3M	held	—	5 q
SAVEQSpirit Airlines, Inc.	0.00%	312,200	$7M	trimmed−7%	−0.01 pp	9 q
SNCYSun Country Airlines Holdings, Inc.	0.00%	76,565	$2M	trimmed−12%	0.00 pp	4 q
TXG10x Genomics, Inc. Class A	0.00%	3,300	$492,000	trimmed−57%	0.00 pp	8 q
unresolvedTuesday Morning Corp	0.00%	1,320,800	$3M	trimmed−9%	0.00 pp	3 q
TSPHCreateai Holdings Inc A	0.00%	106,050	$4M	trimmed−1%	0.00 pp	3 q
unresolved2U Inc	0.00%	75,000	$2M	held	—	9 q
WSCWillScot Holdings Corporation Class A	0.00%	120,800	$5M	held	—	7 q
FTITechnipFMC plc	0.00%	331,500	$2M	added+4%	0.00 pp	9 q
unresolvedCree Inc	—	−2,546,152	—	exited	−0.15 pp	—
MGNIMagnite, Inc.	—	−266,500	—	exited	−0.01 pp	—
VGVonage Holdings Corp	—	−620,100	—	exited	−0.01 pp	—
AREAlexandria Real Estate Equities, Inc.	—	−25,000	—	exited	0.00 pp	—
unresolvedAudacy Inc	—	−924,300	—	exited	0.00 pp	—
VFCV.F. Corporation	—	−25,000	—	exited	0.00 pp	—