PRIMECAP

Q1 2022 13F · by Joel Fried, portfolio manager

As of: Mar 31, 2022
Filed: May 11, 2022
US stock: $132.6B · prev $144.5B
Positions: 339 · prev 342
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%

Moves310 since the prior filing

+1.4 pp in · −1.5 pp out

New 5 +0.03 pp
Added 81 +1.39 pp
Trimmed 216 −1.26 pp
Exited 8 −0.20 pp

The book

Diversified · behaves like 61 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 4.0% a year, about 24.8 years per position

Low
Moderate
High

Top 5 positions18% of US stock

Positions339 in this filing · 8 exited


LLYEli Lilly & Co.	6.24%	28,873,231	$8.3B	trimmed−3%	+0.56 pp	10 q
MSFTMicrosoft Corp	3.64%	15,654,493	$4.8B	trimmed−9%	−0.38 pp	10 q
AMGNAmgen Inc	2.87%	15,726,055	$3.8B	trimmed−0%	+0.41 pp	10 q
TSLATesla, Inc.	2.80%	3,448,115	$3.7B	trimmed−3%	+0.19 pp	10 q
BIIBBiogen Inc.	2.52%	15,834,606	$3.3B	added0%	−0.10 pp	10 q
TXNTexas Instruments Incorporated	2.45%	17,700,777	$3.2B	trimmed−3%	+0.06 pp	10 q
MUMicron Technology, Inc.	2.40%	40,828,586	$3.2B	trimmed−1%	−0.26 pp	10 q
GOOGLAlphabet Inc. Class A	2.32%	1,105,509	$3.1B	trimmed−5%	−0.01 pp	10 q
AZNNAstrazeneca Plc-spons ADR	2.32%	46,317,880	$3.1B	trimmed−1%	+0.44 pp	10 q
FDXFedEx Corporation	2.31%	13,237,477	$3.1B	added0%	−0.05 pp	10 q
ADBEAdobe Inc.	2.24%	6,531,008	$3.0B	trimmed−2%	−0.37 pp	10 q
KLACKLA Corporation	2.03%	7,362,309	$2.7B	trimmed−5%	−0.28 pp	10 q
SONYSony Group Corporation	2.00%	25,775,408	$2.6B	trimmed−2%	−0.29 pp	10 q
LUVSouthwest Airlines Co.	1.85%	53,554,109	$2.5B	trimmed−1%	+0.24 pp	10 q
WFCWells Fargo & Co.	1.80%	49,332,970	$2.4B	trimmed−1%	+0.15 pp	10 q
TMOThermo Fisher Scientific, Inc.	1.75%	3,937,507	$2.3B	trimmed−4%	−0.15 pp	10 q
INTCIntel Corp	1.62%	43,253,961	$2.1B	added+10%	+0.22 pp	10 q
GOOGAlphabet Inc. Class C	1.57%	743,172	$2.1B	trimmed−5%	+0.01 pp	10 q
BABAAlibaba Group Holding Limited	1.42%	17,358,547	$1.9B	trimmed−0%	−0.01 pp	10 q
BSXBoston Scientific Corp.	1.27%	37,920,819	$1.7B	trimmed−1%	+0.15 pp	10 q
BMYBristol-Myers Squibb Co.	1.23%	22,370,375	$1.6B	added+1%	+0.28 pp	10 q
NVSNovartis AG	1.18%	17,784,730	$1.6B	trimmed−2%	+0.08 pp	10 q
ACMAecom	1.16%	19,972,636	$1.5B	trimmed−2%	+0.07 pp	10 q
SCHWThe Charles Schwab Corporation	1.13%	17,753,504	$1.5B	trimmed−37%	−0.52 pp	10 q
JPMJPMorgan Chase & Co.	1.07%	10,433,139	$1.4B	trimmed−9%	−0.19 pp	10 q
NTAPNetApp, Inc	1.05%	16,843,974	$1.4B	trimmed−8%	−0.11 pp	10 q
BMRNBioMarin Pharmaceuticals Inc	1.03%	17,779,470	$1.4B	trimmed−0%	−0.06 pp	10 q
PXDPioneer Natural Resource Co.	0.98%	5,200,646	$1.3B	added+9%	+0.38 pp	10 q
RJFRaymond James Financial, Inc.	0.96%	11,638,384	$1.3B	added+13%	+0.25 pp	10 q
AMZNAmazon.Com Inc	0.95%	387,855	$1.3B	trimmed−1%	+0.04 pp	10 q
BIDUBaidu, Inc.	0.95%	9,535,029	$1.3B	trimmed−0%	−0.04 pp	10 q
BACBank of America Corporation	0.94%	30,200,791	$1.2B	trimmed−10%	−0.10 pp	10 q
SPLKSplunk Inc	0.88%	7,889,961	$1.2B	added+4%	+0.27 pp	10 q
UALUnited Airlines Holdings, Inc.	0.87%	25,013,798	$1.2B	trimmed−1%	+0.10 pp	10 q
QCOMQualcomm Inc	0.79%	6,861,554	$1.0B	trimmed−5%	−0.12 pp	10 q
ROSTRoss Stores Inc	0.77%	11,344,159	$1.0B	added+1%	−0.12 pp	10 q
MATMattel, Inc.	0.76%	45,237,859	$1.0B	trimmed−1%	+0.08 pp	10 q
FLEXFlex Ltd.	0.76%	54,612,570	$1.0B	trimmed−1%	+0.06 pp	10 q
HESHess Corporation	0.75%	9,238,285	$989M	trimmed−2%	+0.27 pp	10 q
NVDANvidia Corp	0.72%	3,504,050	$956M	trimmed−9%	−0.06 pp	10 q
INTUIntuit Inc	0.71%	1,965,881	$945M	trimmed−5%	−0.21 pp	10 q
HPEHewlett Packard Enterprise Company	0.70%	55,396,291	$926M	trimmed−2%	+0.08 pp	10 q
JECJacobs Engineering Group	0.68%	6,587,862	$908M	trimmed−2%	+0.03 pp	10 q
VVISA Inc.	0.68%	4,090,254	$907M	added+4%	+0.09 pp	10 q
ERICEricsson	0.66%	95,253,057	$871M	trimmed−6%	−0.10 pp	10 q
HPQHP Inc.	0.66%	24,198,335	$878M	trimmed−5%	0.00 pp	10 q
MRSHMarsh	0.65%	5,042,546	$859M	trimmed−10%	−0.02 pp	10 q
TJXTJX Companies, Inc. (The)	0.65%	14,195,048	$860M	trimmed−0%	−0.10 pp	10 q
WHRWhirlpool Corp.	0.65%	4,952,425	$856M	trimmed−1%	−0.16 pp	10 q
ORCLOracle Corp	0.64%	10,326,530	$854M	added+6%	+0.05 pp	10 q
ELANElanco Animal Health Incorporated	0.61%	30,784,292	$803M	added+2%	+0.02 pp	10 q
DALDelta Air Lines, Inc.	0.57%	19,098,638	$756M	trimmed−3%	+0.04 pp	10 q
UNPUnion Pacific Corp.	0.56%	2,698,612	$737M	trimmed−9%	+0.04 pp	10 q
AALAmerican Airlines Group Inc.	0.55%	40,081,381	$731M	trimmed−2%	+0.04 pp	10 q
BNTXBioNTech SE	0.55%	4,242,068	$724M	added+1%	−0.20 pp	10 q
MSMorgan Stanley	0.55%	8,385,164	$733M	trimmed−5%	−0.05 pp	6 q
ADIAnalog Devices, Inc.	0.54%	4,341,220	$717M	trimmed−3%	0.00 pp	10 q
ONCBeOne Medicines Ltd.	0.53%	3,708,804	$699M	trimmed−0%	−0.17 pp	10 q
CATCaterpillar Inc.	0.50%	2,998,708	$668M	trimmed−11%	+0.02 pp	10 q
SGENSeagen Inc.	0.50%	4,622,910	$666M	trimmed−1%	0.00 pp	10 q
KMXCarMax Inc.	0.48%	6,570,207	$634M	trimmed−4%	−0.14 pp	10 q
ZBHZimmer Biomet Holdings, Inc.	0.48%	4,931,422	$631M	added+21%	+0.12 pp	10 q
ABTAbbott Laboratories	0.45%	5,015,773	$594M	trimmed−7%	−0.07 pp	10 q
ALBAlbemarle Corporation	0.43%	2,601,845	$575M	trimmed−2%	0.00 pp	10 q
AMATApplied Materials Inc	0.42%	4,184,783	$552M	trimmed−4%	−0.05 pp	10 q
ABMDAbiomed Inc	0.40%	1,610,612	$533M	trimmed−3%	−0.01 pp	10 q
UPSUnited Parcel Service, Inc. Class B	0.40%	2,501,891	$537M	trimmed−10%	−0.01 pp	10 q
NTRSNorthern Trust Corp	0.38%	4,296,342	$500M	added+7%	+0.05 pp	10 q
ASMLASML Holding NV	0.38%	744,504	$497M	trimmed−5%	−0.05 pp	8 q
DISThe Walt Disney Company	0.36%	3,477,547	$477M	added+1%	−0.01 pp	10 q
CVSCvs Health Corporation	0.32%	4,133,155	$418M	trimmed−3%	+0.02 pp	10 q
CSCOCisco Systems, Inc. (DE)	0.32%	7,498,490	$418M	trimmed−4%	−0.02 pp	10 q
RCLRoyal Caribbean Group	0.32%	5,019,711	$421M	trimmed−1%	+0.05 pp	10 q
AIYActivision Blizzard Inc	0.31%	5,122,030	$410M	trimmed−6%	+0.06 pp	10 q
ENTGEntegris Inc	0.31%	3,152,712	$414M	trimmed−0%	+0.01 pp	10 q
TXTTextron, Inc.	0.31%	5,605,950	$417M	trimmed−5%	−0.01 pp	10 q
TRMBTrimble Inc.	0.31%	5,766,271	$416M	added+1%	−0.04 pp	10 q
TDGTransDigm Group Incorporated	0.30%	608,594	$397M	trimmed−0%	+0.03 pp	10 q
AAPLApple Inc.	0.28%	2,124,800	$371M	trimmed−7%	0.00 pp	10 q
LIVNLivaNova PLC	0.28%	4,526,965	$370M	added+3%	+0.01 pp	10 q
GLWCorning Incorporated	0.27%	9,856,319	$364M	trimmed−2%	+0.01 pp	10 q
DFSDiscover Financial Services	0.27%	3,240,558	$357M	trimmed−7%	−0.01 pp	10 q
EOGEOG Resources, Inc.	0.27%	3,029,729	$361M	added0%	+0.08 pp	10 q
OLEDUniversal Display Corp	0.27%	2,132,909	$356M	trimmed−2%	+0.02 pp	10 q
AAgilent Technologies Inc.	0.26%	2,602,401	$344M	trimmed−3%	−0.04 pp	10 q
CMECME Group Inc.	0.25%	1,398,830	$333M	added+20%	+0.07 pp	10 q
PODDInsulet Corporation	0.25%	1,234,020	$329M	trimmed−3%	+0.02 pp	10 q
BBBlackBerry Limited	0.22%	39,124,922	$292M	trimmed−2%	−0.04 pp	10 q
CCLCarnival Corporation Ltd.	0.22%	14,448,724	$292M	trimmed−0%	+0.02 pp	10 q
BBWIBath & Body Works, Inc.	0.21%	5,946,515	$284M	trimmed−1%	−0.08 pp	10 q
METAMeta Platforms, Inc. Class A	0.21%	1,236,675	$275M	added+3%	−0.07 pp	10 q
ALKAlaska Air Group, Inc.	0.20%	4,605,987	$267M	trimmed−3%	+0.03 pp	10 q
DSGXDescartes Systems Group Inc	0.20%	3,531,506	$259M	trimmed−2%	−0.01 pp	10 q
PYPLPayPal Holdings, Inc.	0.20%	2,338,190	$270M	trimmed−4%	−0.12 pp	10 q
DLTRDollar Tree Inc.	0.19%	1,557,525	$249M	added+5%	+0.05 pp	8 q
EWEdwards Lifesciences Corp	0.19%	2,115,500	$249M	trimmed−3%	−0.01 pp	10 q
PLTPlantronics Inc	0.19%	6,334,050	$250M	trimmed−0%	+0.06 pp	10 q
USBU.S. Bancorp	0.19%	4,659,900	$248M	added0%	+0.01 pp	10 q
CCitigroup Inc.	0.18%	4,458,746	$238M	trimmed−3%	−0.01 pp	10 q
GDGeneral Dynamics Corporation	0.18%	972,580	$235M	trimmed−3%	+0.04 pp	10 q
RVTYRevvity, Inc.	0.18%	1,391,845	$243M	trimmed−7%	−0.03 pp	10 q
WOLFWolfspeed, Inc.	0.18%	2,154,052	$245M	trimmed−2%	+0.01 pp	2 q
XPEVXPeng Inc.	0.18%	8,601,777	$237M	added+27%	−0.06 pp	7 q
CARRCarrier Global Corporation	0.17%	4,977,472	$228M	trimmed−0%	−0.02 pp	8 q
GSGoldman Sachs Group Inc.	0.17%	692,150	$228M	trimmed−7%	−0.03 pp	6 q
JBLJabil Inc.	0.17%	3,735,675	$231M	added+3%	−0.01 pp	10 q
JBLUJetBlue Airways Corp	0.17%	14,940,256	$223M	trimmed−2%	+0.02 pp	10 q
CWCurtiss-Wright Corp.	0.16%	1,400,142	$210M	trimmed−18%	0.00 pp	10 q
FCXFreeport-McMoran Inc.	0.16%	4,170,175	$207M	added+5%	+0.05 pp	6 q
ILMNIllumina Inc	0.16%	622,338	$217M	trimmed−6%	−0.02 pp	10 q
WEXWEX Inc.	0.16%	1,217,130	$217M	trimmed−5%	+0.04 pp	5 q
RIGTransocean LTD.	0.16%	47,393,606	$217M	trimmed−0%	+0.07 pp	10 q
MXLMaxLinear, Inc.	0.15%	3,458,892	$202M	trimmed−15%	−0.06 pp	10 q
KEYSKeysight Technologies, Inc.	0.14%	1,204,375	$190M	trimmed−13%	−0.06 pp	10 q
LYFTLyft, Inc. Class A	0.14%	4,684,311	$180M	trimmed−0%	0.00 pp	10 q
MKTXMarketAxess Holdings Inc.	0.14%	549,500	$187M	added+18%	+0.01 pp	10 q
PGRProgressive Corporation	0.14%	1,579,410	$180M	trimmed−4%	+0.02 pp	10 q
SYYSysco Corporation	0.13%	2,077,900	$170M	added0%	+0.02 pp	5 q
DEDeere & Company	0.12%	382,780	$159M	trimmed−25%	0.00 pp	10 q
DDDuPont de Nemours, Inc.	0.12%	2,074,786	$153M	trimmed−1%	0.00 pp	10 q
FGENKyntra Bio, Inc.	0.12%	13,317,857	$160M	added+3%	−0.01 pp	10 q
MARMarriott International Class A	0.12%	867,946	$153M	trimmed−9%	+0.01 pp	10 q
CPRICapri Holdings Limited	0.12%	3,026,150	$156M	trimmed−6%	−0.03 pp	10 q
ADSKAutodesk Inc	0.11%	709,400	$152M	added+7%	−0.02 pp	10 q
ACLSAxcelis Technologies Inc	0.11%	1,934,800	$146M	trimmed−8%	0.00 pp	10 q
CSXCSX Corporation	0.11%	4,029,300	$151M	trimmed−0%	0.00 pp	10 q
EBAYeBay Inc	0.11%	2,594,180	$149M	trimmed−4%	−0.01 pp	10 q
IQVIQVIA Holdings Inc.	0.11%	611,177	$141M	added+1%	−0.01 pp	9 q
IRBTiRobot Corporation	0.11%	2,358,938	$150M	trimmed−3%	0.00 pp	10 q
TMUST-Mobile US, Inc.	0.11%	1,091,526	$140M	trimmed−1%	+0.02 pp	10 q
ALKSAlkermes Inc. plc	0.11%	5,667,890	$149M	trimmed−7%	+0.01 pp	10 q
AMEAmetek, Inc.	0.10%	949,650	$126M	trimmed−19%	−0.02 pp	9 q
CHTRCharter Comm Inc Del CL A New	0.10%	246,700	$135M	trimmed−1%	−0.01 pp	10 q
DOWDow Inc.	0.10%	2,045,652	$130M	trimmed−6%	+0.01 pp	10 q
FORMFormFactor Inc.	0.10%	3,092,959	$130M	trimmed−1%	0.00 pp	10 q
MAMastercard Incorporated	0.10%	380,000	$136M	added+23%	+0.02 pp	10 q
OTISOtis Worldwide Corporation	0.10%	1,690,481	$130M	trimmed−0%	0.00 pp	8 q
LUNGPulmonx Corporation	0.10%	5,445,991	$135M	added+10%	−0.01 pp	6 q
TERTeradyne, Inc.	0.10%	1,122,360	$133M	trimmed−3%	−0.03 pp	10 q
XNCRXencor, Inc.	0.10%	4,941,612	$132M	trimmed−1%	−0.04 pp	10 q
BURLBurlington Stores, Inc.	0.09%	664,950	$121M	added+13%	−0.03 pp	10 q
CTRACoterra Energy Inc.	0.09%	4,314,950	$116M	trimmed−3%	+0.03 pp	10 q
CTVACorteva, Inc.	0.09%	2,048,240	$118M	trimmed−0%	+0.02 pp	10 q
FISFidelity National Information Services, Inc.	0.09%	1,207,800	$121M	added+8%	+0.01 pp	5 q
LYVLive Nation Entertainment Inc.	0.09%	1,042,985	$123M	added0%	0.00 pp	7 q
PANWPalo Alto Networks, Inc.	0.09%	188,329	$117M	trimmed−4%	+0.01 pp	10 q
SYKStryker Corporation	0.09%	448,120	$120M	trimmed−6%	0.00 pp	10 q
VSXYVictorias Secret & Co.	0.09%	2,340,497	$120M	added+4%	0.00 pp	3 q
MDTMedtronic plc	0.09%	1,074,850	$119M	trimmed−3%	+0.01 pp	10 q
EAElectronic Arts Inc	0.08%	850,325	$108M	added+2%	0.00 pp	10 q
NWLNewell Brands Inc.	0.08%	5,138,850	$110M	trimmed−6%	0.00 pp	10 q
NTNXNutanix, Inc. Class A	0.08%	4,195,735	$113M	added+18%	0.00 pp	10 q
TWTradeweb Markets Inc. Class A	0.08%	1,179,765	$104M	added+13%	+0.01 pp	10 q
VLOValero Energy Corporation	0.08%	1,013,100	$103M	trimmed−2%	+0.03 pp	6 q
WDCWestern Digital Corp.	0.08%	2,059,610	$102M	added+2%	−0.01 pp	10 q
CRLCharles River Laboratories International, Inc.	0.07%	324,890	$92M	trimmed−9%	−0.02 pp	10 q
NKTRNektar Therapeutics	0.07%	17,061,822	$92M	trimmed−2%	−0.09 pp	10 q
99952EURLinde PLC/OLD	0.07%	277,200	$89M	added+2%	+0.01 pp	10 q
SSYSStratasys Inc (ISRAEL)	0.07%	3,729,699	$95M	trimmed−3%	+0.01 pp	10 q
HLTHilton Worldwide Holdings Inc.	0.06%	553,565	$84M	held	—	10 q
HUBSHubspot, Inc.	0.06%	153,800	$73M	trimmed−8%	−0.02 pp	10 q
IEXIDEX Corporation	0.06%	391,105	$75M	trimmed−4%	−0.01 pp	10 q
PINSPinterest, Inc. Class A	0.06%	3,255,700	$80M	added+27%	0.00 pp	10 q
QSRRestaurant Brands International Inc.	0.06%	1,368,000	$80M	added+9%	+0.01 pp	10 q
ROKRockwell Automation, Inc.	0.06%	277,890	$78M	trimmed−1%	−0.01 pp	10 q
SW5Southwestern Energy Co	0.06%	10,186,825	$73M	trimmed−1%	+0.03 pp	10 q
MOAltria Group, Inc.	0.05%	1,289,124	$67M	trimmed−0%	+0.01 pp	10 q
LHXL3Harris Technologies, Inc.	0.05%	251,300	$62M	trimmed−15%	+0.01 pp	9 q
SPHRSphere Entertainment Co.	0.05%	732,721	$61M	trimmed−7%	+0.01 pp	8 q
MCDMcDonald's Corporation	0.05%	264,800	$65M	added+12%	+0.01 pp	10 q
RYTMRhythm Pharmaceuticals, Inc.	0.05%	6,291,991	$72M	added+1%	+0.01 pp	10 q
CRMSalesforce, Inc.	0.05%	287,000	$61M	added+17%	+0.01 pp	10 q
SNYSanofi	0.05%	1,245,440	$64M	trimmed−0%	+0.01 pp	10 q
SWAVShockwave Medical, Inc.	0.05%	343,200	$71M	trimmed−3%	+0.01 pp	7 q
TTWOTake-Two Interactive Software Inc	0.05%	445,000	$68M	trimmed−12%	−0.01 pp	6 q
UUnity Software Inc.	0.05%	625,504	$62M	trimmed−1%	−0.01 pp	7 q
VMWVMware, Inc	0.05%	576,475	$66M	trimmed−9%	0.00 pp	10 q
ALCAlcon Inc.	0.05%	903,390	$72M	trimmed−0%	0.00 pp	10 q
ALTRAltair Engineering Inc. Class A	0.04%	791,550	$51M	trimmed−5%	0.00 pp	10 q
AURAurora Innovation, Inc. Class A	0.04%	9,426,000	$53M	trimmed−8%	−0.04 pp	2 q
BJBJs Wholesale Club Holdings, Inc.	0.04%	768,900	$52M	trimmed−1%	0.00 pp	10 q
CERSCerus Corp	0.04%	9,532,600	$52M	trimmed−2%	−0.01 pp	10 q
CHGGChegg, Inc.	0.04%	1,366,900	$50M	trimmed−9%	+0.01 pp	10 q
CRWDCrowdStrike Holdings, Inc. Class A	0.04%	229,725	$52M	trimmed−2%	+0.01 pp	10 q
LPLALPL Financial Holdings Inc.	0.04%	262,000	$48M	added+38%	+0.02 pp	9 q
LOWLowe's Companies Inc.	0.04%	255,000	$52M	trimmed−10%	−0.01 pp	5 q
NMIHNMI Holdings Inc.	0.04%	2,286,229	$47M	trimmed−12%	0.00 pp	10 q
ODFLOld Dominion Freight Line	0.04%	186,150	$56M	trimmed−19%	−0.02 pp	10 q
RTXRTX Corporation	0.04%	522,562	$52M	trimmed−8%	+0.01 pp	10 q
UBERUber Technologies, Inc.	0.04%	1,331,600	$48M	added+6%	0.00 pp	8 q
ZNTLZentalis Pharmaceuticals, Inc.	0.04%	1,208,590	$56M	trimmed−4%	−0.03 pp	8 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.04%	2,489,470	$54M	trimmed−1%	0.00 pp	10 q
ALLOAllogene Therapeutics, Inc.	0.03%	4,906,266	$45M	added+5%	−0.02 pp	6 q
ARLOArlo Technologies, Inc.	0.03%	5,227,970	$46M	trimmed−1%	−0.01 pp	10 q
CCJCameco Corporation	0.03%	1,182,400	$34M	added+33%	+0.02 pp	10 q
EVREvercore Inc.	0.03%	411,300	$46M	added×4.5	+0.02 pp	2 q
EXKExact Sciences Corp	0.03%	504,300	$35M	trimmed−5%	0.00 pp	10 q
HONHoneywell International, Inc.	0.03%	230,000	$45M	trimmed−3%	0.00 pp	10 q
LVSLas Vegas Sands Corp.	0.03%	1,159,400	$45M	held	—	10 q
MGMMgm Resorts International	0.03%	850,200	$36M	trimmed−0%	0.00 pp	10 q
MATXMatsons, Inc.	0.03%	337,292	$41M	trimmed−12%	+0.01 pp	10 q
MAXRMaxar Technologies Inc.	0.03%	909,480	$36M	trimmed−9%	+0.01 pp	10 q
MDBMongoDB, Inc. Class A	0.03%	84,800	$38M	held	—	7 q
RYAAYRyanair Holdings plc	0.03%	515,800	$45M	added+14%	0.00 pp	10 q
XMTRXometry, Inc. Class A	0.03%	1,205,600	$44M	added+74%	+0.01 pp	4 q
PNRPentair plc	0.03%	667,100	$36M	trimmed−6%	−0.01 pp	10 q
OPTUOptimum Communications, Inc.	0.02%	1,791,500	$22M	added+33%	0.00 pp	9 q
AMHAmerican Homes 4 Rent	0.02%	607,400	$24M	trimmed−1%	0.00 pp	8 q
AXONAxon Enterprise, Inc.	0.02%	215,200	$30M	trimmed−2%	0.00 pp	10 q
EATBrinker International, Inc.	0.02%	794,700	$30M	added+8%	0.00 pp	4 q
DHRDanaher Corporation	0.02%	108,409	$32M	added+44%	0.00 pp	4 q
DELLDell Technologies Inc.	0.02%	462,370	$23M	trimmed−0%	0.00 pp	10 q
GXOGXO Logistics, Inc.	0.02%	337,500	$24M	held	—	3 q
GKOSGlaukos Corporation	0.02%	532,500	$31M	trimmed−0%	0.00 pp	10 q
unresolvedGlaxosmithkline PLC	0.02%	551,400	$24M	held	—	10 q
IMAXImax Corp	0.02%	1,169,000	$22M	trimmed−6%	0.00 pp	10 q
KEXKirby Corporation	0.02%	442,000	$32M	trimmed−0%	0.00 pp	6 q
LASRnLIGHT, Inc.	0.02%	1,165,674	$20M	added+1%	0.00 pp	10 q
NSCNorfolk Southern Corp.	0.02%	99,200	$28M	trimmed−8%	0.00 pp	10 q
OSISOSI Systems Inc	0.02%	323,960	$28M	trimmed−4%	0.00 pp	10 q
OLLIOllie's Bargain Outlet Holdings, Inc.	0.02%	610,400	$26M	added+17%	0.00 pp	3 q
RPDRapid7, Inc.	0.02%	191,420	$21M	trimmed−4%	0.00 pp	10 q
TSNTyson Foods, Inc.	0.02%	362,200	$32M	trimmed−3%	0.00 pp	10 q
ULTAUlta Beauty, Inc.	0.02%	73,940	$29M	trimmed−1%	0.00 pp	10 q
XPOXPO, Inc.	0.02%	355,300	$26M	added+2%	0.00 pp	5 q
NVTnVent Electric plc	0.02%	887,000	$31M	trimmed−0%	0.00 pp	10 q
9900123DPerimeter Solutions SA	0.02%	2,527,011	$31M	trimmed−3%	−0.01 pp	2 q
ALGTAllegiant Travel Company	0.01%	44,050	$7M	held	—	10 q
AM6Amicus Therapeutics Inc	0.01%	1,428,600	$14M	trimmed−7%	0.00 pp	10 q
AZOAutoZone, Inc.	0.01%	6,075	$12M	held	—	10 q
BOOTBoot Barn Holdings, Inc.	0.01%	72,400	$7M	trimmed−0%	0.00 pp	10 q
BBIOBridgeBio Pharma, Inc.	0.01%	1,132,350	$11M	added+8%	0.00 pp	5 q
CRNCCerence Inc.	0.01%	405,309	$15M	trimmed−30%	−0.02 pp	10 q
unresolvedColfax Corp	0.01%	490,300	$20M	trimmed−0%	−0.01 pp	10 q
CMCSAComcast Corp	0.01%	404,507	$19M	trimmed−26%	−0.01 pp	10 q
SCORcomScore, Inc.	0.01%	5,446,047	$16M	trimmed−0%	0.00 pp	10 q
STZConstellation Brands, Inc.	0.01%	30,100	$7M	held	—	10 q
DRIDarden Restaurants, Inc.	0.01%	59,700	$8M	held	—	8 q
DASHDoorDash, Inc. Class A	0.01%	148,150	$17M	trimmed−21%	−0.01 pp	6 q
EPREPR Properties	0.01%	191,000	$10M	trimmed−9%	0.00 pp	8 q
EPZMEpizyme, Inc	0.01%	15,522,777	$18M	added+1%	−0.02 pp	10 q
LABStandard BioTools Inc.	0.01%	5,025,073	$18M	trimmed−1%	0.00 pp	10 q
ROCKGibraltar Industries, Inc.	0.01%	357,100	$15M	trimmed−4%	−0.01 pp	10 q
GTLBGitLab Inc. Class A	0.01%	160,500	$9M	trimmed−30%	0.00 pp	2 q
GOGrocery Outlet Holding Corp.	0.01%	595,300	$20M	trimmed−1%	0.00 pp	3 q
GRWGGrow Generation Corp	0.01%	1,159,900	$11M	new	+0.01 pp	new
GHGuardant Health, Inc.	0.01%	207,568	$14M	added+6%	0.00 pp	7 q
HCATHealth Catalyst, Inc	0.01%	271,527	$7M	added+13%	0.00 pp	8 q
HTZHertz Global Holdings, Inc	0.01%	736,400	$16M	new	+0.01 pp	new
HUMHumana Inc.	0.01%	23,695	$10M	trimmed−13%	0.00 pp	4 q
INDIindie Semiconductor, Inc. Class A	0.01%	1,341,219	$10M	added+70%	0.00 pp	3 q
LICYLi-cycle Holdings Corp	0.01%	1,839,700	$16M	added×2.7	+0.01 pp	3 q
unresolvedLeslies Inc	0.01%	976,800	$19M	held	—	2 q
DOORMasonite International Corp	0.01%	203,200	$18M	added+2%	−0.01 pp	9 q
MTLSMaterialise NV	0.01%	352,824	$7M	trimmed−2%	0.00 pp	10 q
MRKMerck & Co., Inc.	0.01%	141,600	$12M	trimmed−42%	0.00 pp	10 q
NNBRNN Inc	0.01%	2,635,900	$8M	trimmed−5%	0.00 pp	10 q
NFENew Fortress Energy Inc. Class A	0.01%	188,400	$8M	added+19%	+0.01 pp	7 q
NUVANuVasive, Inc.	0.01%	143,900	$8M	trimmed−5%	0.00 pp	10 q
ORLYO'Reilly Automotive, Inc.	0.01%	19,600	$13M	trimmed−1%	0.00 pp	5 q
PENPenumbra, Inc.	0.01%	47,320	$11M	trimmed−1%	0.00 pp	10 q
PMPhilip Morris International Inc.	0.01%	170,500	$16M	held	—	10 q
PROPros Holdings, Inc.	0.01%	384,930	$13M	trimmed−2%	0.00 pp	10 q
RMBSRambus Inc	0.01%	263,163	$8M	trimmed−2%	0.00 pp	10 q
RIVNRivian Automotive, Inc. Class A	0.01%	359,520	$18M	trimmed−21%	−0.02 pp	2 q
RBLXRoblox Corporation	0.01%	303,800	$14M	added×6.7	+0.01 pp	3 q
SAICScience Applications International Corporation	0.01%	115,900	$11M	trimmed−31%	0.00 pp	9 q
6SSServicesource International	0.01%	8,204,733	$11M	trimmed−1%	0.00 pp	10 q
SNAPSnap Inc.	0.01%	247,550	$9M	trimmed−2%	0.00 pp	8 q
unresolvedTurning Point Therapeutics I	0.01%	541,510	$15M	trimmed−0%	−0.01 pp	8 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	16,205	$8M	held	—	8 q
WATWaters Corp	0.01%	51,594	$16M	added+12%	0.00 pp	6 q
ZIMVZimVie Inc.	0.01%	433,600	$10M	new	+0.01 pp	new
GTMZoomInfo Technologies Inc	0.01%	281,319	$17M	trimmed−11%	0.00 pp	8 q
ZMZoom Communications, Inc. Class A	0.01%	114,450	$13M	added×2.1	0.00 pp	9 q
AMBAAmbarella, Inc.	0.01%	135,600	$14M	trimmed−7%	−0.01 pp	7 q
GANGan Ltd	0.01%	1,890,585	$9M	trimmed−0%	0.00 pp	8 q
CYBRCyberark Software LTD/ISRAEL	0.01%	80,820	$14M	held	—	10 q
WVEWave Life Sciences Ltd.	0.01%	4,561,275	$9M	trimmed−1%	0.00 pp	10 q
ARAYAccuray Incorporated	0.00%	466,600	$2M	trimmed−9%	0.00 pp	10 q
ADPTAdaptive Biotechnologies Corporation	0.00%	195,500	$3M	trimmed−2%	0.00 pp	9 q
ABUSArbutus Biopharma Corporation	0.00%	461,000	$1M	trimmed−2%	0.00 pp	10 q
ANETArista Networks	0.00%	10,600	$1M	held	—	10 q
AWIArmstrong World Industries, Inc.	0.00%	10,000	$900,000	held	—	10 q
AMKAssetMark Financial Holdings, Inc.	0.00%	251,700	$6M	added+56%	0.00 pp	3 q
BLIBerkeley Lights, Inc.	0.00%	26,145	$186,000	held	—	5 q
BEBloom Energy Corporation	0.00%	49,600	$1M	held	—	10 q
CBOECboe Global Markets, Inc.	0.00%	31,600	$4M	trimmed−12%	0.00 pp	10 q
CVGWCalavo Growers Inc	0.00%	35,900	$1M	held	—	10 q
CALACalithera Biosciences Inc	0.00%	10,733,000	$4M	held	—	10 q
CECelanese Corporation	0.00%	8,000	$1M	held	—	10 q
CERNCerner Corp	0.00%	19,400	$2M	held	—	10 q
CIENCiena Corporation	0.00%	101,085	$6M	added+2%	−0.01 pp	8 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	72,000	$1M	held	—	10 q
DBDDiebold Nixdorf, Incorporated	0.00%	254,000	$2M	trimmed−5%	0.00 pp	10 q
DOCUDocuSign, Inc.	0.00%	30,575	$3M	added+2%	0.00 pp	6 q
DGDollar General Corp.	0.00%	18,100	$4M	added×2.2	0.00 pp	2 q
FAROFaro Technologies Inc	0.00%	58,430	$3M	trimmed−7%	0.00 pp	10 q
FIVEFive Below, Inc.	0.00%	22,400	$4M	held	—	10 q
FRSHFreshworks Inc. Class A	0.00%	278,900	$5M	held	—	2 q
ULCCFrontier Group Holdings, Inc.	0.00%	71,700	$812,000	held	—	4 q
GILGildan Activewear Inc.	0.00%	108,100	$4M	trimmed−0%	0.00 pp	10 q
GEF.BGreif, Inc. Class B	0.00%	28,000	$2M	held	—	10 q
HANHawaiian Holdings Inc	0.00%	244,500	$5M	trimmed−6%	0.00 pp	10 q
IMGNImmunogen Inc	0.00%	756,827	$4M	trimmed−1%	0.00 pp	10 q
NGVTIngevity Corporation	0.00%	49,000	$3M	held	—	10 q
JAMFJamf Holding Corp.	0.00%	103,000	$4M	held	—	4 q
JELDJELD-WEN Holding, Inc.	0.00%	161,900	$3M	added+11%	0.00 pp	5 q
KRThe Kroger Co.	0.00%	25,000	$1M	trimmed−29%	0.00 pp	2 q
MTSIMACOM Technology Solutions Holdings, Inc	0.00%	104,600	$6M	held	—	10 q
MSGSMadison Square Garden Sports Corp.	0.00%	6,773	$1M	held	—	9 q
MQMarqeta, Inc. Class A	0.00%	175,200	$2M	added×5.4	0.00 pp	3 q
MBIIMarrone Bio Innovations, Inc.	0.00%	1,519,100	$2M	trimmed−4%	0.00 pp	10 q
MREOMereo BioPharma Group plc	0.00%	330,900	$371,000	trimmed−0%	0.00 pp	10 q
AVOMission Produce, Inc.	0.00%	46,680	$591,000	trimmed−0%	0.00 pp	6 q
MASS908 Devices Inc.	0.00%	185,319	$4M	trimmed−1%	0.00 pp	6 q
NOKNokia Corporation	0.00%	540,000	$3M	trimmed−53%	0.00 pp	10 q
OKTAOkta, Inc. Class A	0.00%	10,925	$2M	held	—	9 q
unresolvedOlink Hldg AB	0.00%	30,000	$530,000	held	—	5 q
OMCLOmnicell Inc	0.00%	47,437	$6M	added+7%	−0.01 pp	5 q
OSUROraSure Technologies Inc	0.00%	959,000	$7M	trimmed−4%	−0.01 pp	10 q
PBHPrestige Consumer Healthcare Inc.	0.00%	31,400	$2M	held	—	10 q
RGENRepligen Corp	0.00%	29,373	$6M	added+6%	−0.01 pp	4 q
RNGRingcentral, Inc.	0.00%	12,350	$1M	trimmed−93%	−0.02 pp	9 q
SAFESafehold Inc.	0.00%	54,400	$3M	held	—	6 q
SG7Sage Therapeutics Inc	0.00%	68,800	$2M	added+7%	0.00 pp	2 q
SLBSLB Limited	0.00%	125,300	$5M	added+5%	0.00 pp	10 q
SEERSeer, Inc. Class A	0.00%	69,500	$1M	trimmed−0%	0.00 pp	6 q
AXONSio Gene Therapies Inc	0.00%	18,300	$12,000	trimmed−9%	0.00 pp	10 q
SAVEQSpirit Airlines, Inc.	0.00%	298,000	$7M	trimmed−5%	0.00 pp	10 q
SNCYSun Country Airlines Holdings, Inc.	0.00%	75,415	$2M	trimmed−2%	0.00 pp	5 q
TENBTenable Holdings, Inc.	0.00%	10,800	$624,000	new	0.00 pp	new
TXG10x Genomics, Inc. Class A	0.00%	3,300	$251,000	held	—	9 q
unresolvedTuesday Morning Corp	0.00%	1,236,800	$1M	trimmed−6%	0.00 pp	4 q
TSPHCreateai Holdings Inc A	0.00%	128,100	$2M	added+21%	0.00 pp	4 q
unresolved2U Inc	0.00%	75,000	$996,000	held	—	10 q
VRNSVaronis Systems, Inc.	0.00%	47,510	$2M	new	0.00 pp	new
WSCWillScot Holdings Corporation Class A	0.00%	88,600	$3M	trimmed−27%	0.00 pp	8 q
FTITechnipFMC plc	0.00%	331,500	$3M	held	—	10 q
NUANNuance Communications, Inc.	—	−4,314,961	—	exited	−0.17 pp	—
ARNAArena Pharmaceuticals Inc	—	−435,870	—	exited	−0.03 pp	—
BYNDBeyond Meat, Inc.	—	−3,300	—	exited	0.00 pp	—
NCSCornerstone Building Brands	—	−65,000	—	exited	0.00 pp	—
96669EURDmrc LLC	—	−10,200	—	exited	0.00 pp	—
NFLXNetFlix Inc	—	−5,480	—	exited	0.00 pp	—
SF9Sanderson Farms Inc	—	−7,300	—	exited	0.00 pp	—
unresolvedSkillz Inc	—	−426,100	—	exited	0.00 pp	—