PRIMECAP

Q3 2022 13F · by Joel Fried, portfolio manager

As of: Sep 30, 2022
Filed: Nov 14, 2022
US stock: $103.3B · prev $111.9B
Positions: 335 · prev 341
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%

Moves274 since the prior filing

+1.0 pp in · −1.0 pp out

New 6 +0.78 pp
Added 67 +0.25 pp
Trimmed 189 −0.04 pp
Exited 12 −1.01 pp

The book

Diversified · behaves like 49 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 6.0% a year, about 16.6 years per position

Low
Moderate
High

Top 5 positions22% of US stock

LLY Eli Lilly & Co. trimmed+0.53 pp trimmed+0.538.8%
BIIB Biogen Inc. added+1.20 pp added+1.204.1%
AMGN Amgen Inc trimmed−0.01 pp trimmed−0.013.4%
MSFT Microsoft Corp trimmed−0.15 pp trimmed−0.153.3%
TSLA Tesla, Inc. trimmed+0.55 pp trimmed+0.552.6%

Positions335 in this filing · 12 exited


LLYEli Lilly & Co.	8.77%	28,017,155	$9.1B	trimmed−1%	+0.53 pp	12 q
BIIBBiogen Inc.	4.07%	15,741,715	$4.2B	added0%	+1.20 pp	12 q
AMGNAmgen Inc	3.39%	15,564,870	$3.5B	trimmed−0%	−0.01 pp	12 q
MSFTMicrosoft Corp	3.27%	14,516,240	$3.4B	trimmed−3%	−0.15 pp	12 q
TSLATesla, Inc.	2.60%	10,125,710	$2.7B	trimmed−1%	+0.55 pp	12 q
TXNTexas Instruments Incorporated	2.60%	17,346,527	$2.7B	trimmed−1%	+0.19 pp	12 q
AZNNAstrazeneca Plc-spons ADR	2.42%	45,614,110	$2.5B	trimmed−0%	−0.29 pp	12 q
KLACKLA Corporation	2.08%	7,110,794	$2.2B	trimmed−1%	+0.03 pp	12 q
GOOGLAlphabet Inc. Class A	2.00%	21,584,240	$2.1B	trimmed−1%	−0.12 pp	12 q
FDXFedEx Corporation	1.99%	13,878,717	$2.1B	added+3%	−0.73 pp	12 q
MUMicron Technology, Inc.	1.96%	40,434,127	$2.0B	added0%	−0.04 pp	12 q
WFCWells Fargo & Co.	1.89%	48,582,875	$2.0B	trimmed−1%	+0.18 pp	12 q
TMOThermo Fisher Scientific, Inc.	1.86%	3,797,057	$1.9B	trimmed−1%	−0.01 pp	12 q
ADBEAdobe Inc.	1.71%	6,404,918	$1.8B	trimmed−1%	−0.41 pp	12 q
LUVSouthwest Airlines Co.	1.57%	52,741,484	$1.6B	trimmed−0%	−0.14 pp	12 q
SONYSony Group Corporation	1.56%	25,247,868	$1.6B	trimmed−0%	−0.29 pp	12 q
BMYBristol-Myers Squibb Co.	1.52%	22,137,675	$1.6B	trimmed−0%	−0.01 pp	12 q
BMRNBioMarin Pharmaceuticals Inc	1.45%	17,625,505	$1.5B	trimmed−0%	+0.14 pp	12 q
BSXBoston Scientific Corp.	1.41%	37,650,309	$1.5B	trimmed−0%	+0.15 pp	12 q
BABAAlibaba Group Holding Limited	1.35%	17,386,207	$1.4B	added0%	−0.41 pp	12 q
GOOGAlphabet Inc. Class C	1.35%	14,514,240	$1.4B	trimmed−1%	−0.08 pp	12 q
INTCIntel Corp	1.30%	52,117,226	$1.3B	added+7%	−0.33 pp	12 q
RJFRaymond James Financial, Inc.	1.29%	13,539,327	$1.3B	trimmed−0%	+0.20 pp	12 q
NVSNovartis AG	1.28%	17,453,150	$1.3B	trimmed−1%	−0.05 pp	12 q
ACMAecom	1.27%	19,189,841	$1.3B	trimmed−1%	+0.14 pp	12 q
BIDUBaidu, Inc.	1.08%	9,540,279	$1.1B	trimmed−0%	−0.19 pp	12 q
PXDPioneer Natural Resource Co.	1.08%	5,141,446	$1.1B	trimmed−1%	+0.05 pp	12 q
JPMJPMorgan Chase & Co.	1.00%	9,914,099	$1.0B	trimmed−3%	−0.03 pp	12 q
HESHess Corporation	0.99%	9,372,740	$1.0B	added+1%	+0.11 pp	12 q
NTAPNetApp, Inc	0.98%	16,448,414	$1.0B	trimmed−1%	+0.01 pp	12 q
ROSTRoss Stores Inc	0.92%	11,301,504	$952M	trimmed−0%	+0.21 pp	12 q
FLEXFlex Ltd.	0.87%	53,915,664	$898M	trimmed−1%	+0.17 pp	12 q
TJXTJX Companies, Inc. (The)	0.85%	14,157,648	$879M	trimmed−0%	+0.14 pp	12 q
MATMattel, Inc.	0.82%	44,689,559	$846M	trimmed−0%	−0.07 pp	12 q
UALUnited Airlines Holdings, Inc.	0.77%	24,482,858	$796M	trimmed−1%	−0.01 pp	12 q
ORCLOracle Corp	0.74%	12,459,351	$761M	added+4%	−0.01 pp	12 q
INTUIntuit Inc	0.73%	1,944,931	$753M	trimmed−0%	+0.06 pp	12 q
QCOMQualcomm Inc	0.73%	6,696,129	$757M	trimmed−1%	−0.04 pp	12 q
BACBank of America Corporation	0.72%	24,619,026	$743M	trimmed−6%	−0.01 pp	12 q
VVISA Inc.	0.70%	4,082,734	$725M	added+1%	−0.01 pp	12 q
JJacobs Solutions Inc.	0.66%	6,303,507	$684M	new	+0.66 pp	new
SPLKSplunk Inc	0.65%	8,913,780	$670M	added+7%	−0.01 pp	12 q
WHRWhirlpool Corp.	0.64%	4,868,970	$656M	trimmed−1%	−0.04 pp	12 q
ALBAlbemarle Corporation	0.62%	2,433,550	$644M	trimmed−5%	+0.14 pp	12 q
ONCBeOne Medicines Ltd.	0.62%	4,734,979	$638M	added+17%	+0.04 pp	12 q
DALDelta Air Lines, Inc.	0.61%	22,369,318	$628M	added+5%	+0.06 pp	12 q
SGENSeagen Inc.	0.61%	4,583,100	$627M	trimmed−0%	−0.12 pp	12 q
ADIAnalog Devices, Inc.	0.57%	4,223,960	$589M	trimmed−1%	+0.01 pp	12 q
HPQHP Inc.	0.57%	23,553,305	$587M	trimmed−1%	−0.13 pp	12 q
BNTXBioNTech SE	0.55%	4,194,388	$566M	trimmed−0%	−0.01 pp	12 q
HPEHewlett Packard Enterprise Company	0.55%	47,306,096	$567M	trimmed−12%	−0.09 pp	12 q
AMZNAmazon.Com Inc	0.52%	4,775,200	$540M	trimmed−1%	+0.06 pp	12 q
MRSHMarsh	0.52%	3,610,196	$539M	trimmed−27%	−0.16 pp	12 q
DISThe Walt Disney Company	0.50%	5,531,287	$522M	added+2%	+0.04 pp	12 q
UNPUnion Pacific Corp.	0.50%	2,633,600	$513M	trimmed−1%	−0.01 pp	12 q
ZBHZimmer Biomet Holdings, Inc.	0.50%	4,907,537	$513M	trimmed−0%	+0.04 pp	12 q
CATCaterpillar Inc.	0.46%	2,920,058	$479M	trimmed−2%	−0.02 pp	12 q
ERICEricsson	0.46%	82,414,721	$473M	trimmed−8%	−0.13 pp	12 q
ABTAbbott Laboratories	0.45%	4,774,113	$462M	trimmed−1%	−0.02 pp	12 q
AALAmerican Airlines Group Inc.	0.45%	38,955,176	$469M	trimmed−1%	0.00 pp	12 q
KMXCarMax Inc.	0.40%	6,194,497	$409M	trimmed−1%	−0.10 pp	12 q
MSMorgan Stanley	0.40%	5,248,961	$415M	trimmed−35%	−0.15 pp	8 q
UPSUnited Parcel Service, Inc. Class B	0.39%	2,483,091	$401M	trimmed−0%	−0.02 pp	12 q
AIYActivision Blizzard Inc	0.37%	5,149,380	$383M	trimmed−0%	+0.01 pp	12 q
CVSCvs Health Corporation	0.37%	4,031,860	$385M	trimmed−1%	+0.03 pp	12 q
ELANElanco Animal Health Incorporated	0.37%	30,423,363	$378M	trimmed−0%	−0.17 pp	12 q
SCHWThe Charles Schwab Corporation	0.37%	5,253,236	$378M	trimmed−53%	−0.27 pp	12 q
ABMDAbiomed Inc	0.36%	1,506,272	$370M	trimmed−2%	+0.02 pp	12 q
NVDANvidia Corp	0.35%	2,966,595	$360M	trimmed−4%	−0.07 pp	12 q
NTRSNorthern Trust Corp	0.34%	4,159,122	$356M	trimmed−1%	−0.02 pp	12 q
AMATApplied Materials Inc	0.33%	4,119,583	$338M	trimmed−0%	−0.01 pp	12 q
EOGEOG Resources, Inc.	0.32%	2,976,429	$333M	trimmed−1%	+0.02 pp	12 q
TDGTransDigm Group Incorporated	0.31%	604,444	$317M	trimmed−1%	+0.02 pp	12 q
AAgilent Technologies Inc.	0.30%	2,521,731	$307M	trimmed−1%	+0.03 pp	12 q
CSCOCisco Systems, Inc. (DE)	0.30%	7,646,490	$306M	added+3%	+0.02 pp	12 q
TXTTextron, Inc.	0.30%	5,242,030	$305M	trimmed−2%	+0.01 pp	12 q
TRMBTrimble Inc.	0.29%	5,548,986	$301M	trimmed−1%	0.00 pp	12 q
AAPLApple Inc.	0.28%	2,087,800	$289M	trimmed−1%	+0.02 pp	12 q
ASMLASML Holding NV	0.27%	666,204	$277M	trimmed−0%	−0.01 pp	10 q
CMECME Group Inc.	0.26%	1,509,630	$267M	added+4%	−0.01 pp	12 q
GLWCorning Incorporated	0.26%	9,236,519	$268M	trimmed−1%	0.00 pp	12 q
DFSDiscover Financial Services	0.26%	2,955,519	$269M	trimmed−5%	0.00 pp	12 q
PODDInsulet Corporation	0.26%	1,174,610	$269M	trimmed−1%	+0.03 pp	12 q
RCLRoyal Caribbean Group	0.25%	6,776,061	$257M	added+30%	+0.09 pp	12 q
ENTGEntegris Inc	0.24%	3,010,112	$250M	trimmed−0%	−0.01 pp	12 q
LIVNLivaNova PLC	0.22%	4,576,690	$232M	added+1%	−0.03 pp	12 q
DSGXDescartes Systems Group Inc	0.21%	3,463,106	$220M	trimmed−0%	+0.02 pp	12 q
JBLJabil Inc.	0.21%	3,718,600	$215M	trimmed−1%	+0.04 pp	12 q
MKTXMarketAxess Holdings Inc.	0.21%	963,880	$214M	added+19%	+0.03 pp	12 q
WOLFWolfspeed, Inc.	0.21%	2,113,052	$218M	trimmed−1%	+0.09 pp	4 q
DLTRDollar Tree Inc.	0.20%	1,542,015	$210M	added0%	−0.01 pp	10 q
GDGeneral Dynamics Corporation	0.20%	966,580	$205M	trimmed−0%	+0.01 pp	12 q
OLEDUniversal Display Corp	0.20%	2,137,199	$202M	added0%	+0.01 pp	12 q
BBWIBath & Body Works, Inc.	0.19%	5,887,970	$192M	trimmed−0%	+0.05 pp	12 q
PYPLPayPal Holdings, Inc.	0.19%	2,246,960	$193M	trimmed−3%	+0.05 pp	12 q
CWCurtiss-Wright Corp.	0.18%	1,311,515	$183M	trimmed−2%	+0.02 pp	12 q
GSGoldman Sachs Group Inc.	0.18%	635,150	$186M	held	—	8 q
PGRProgressive Corporation	0.18%	1,565,550	$182M	trimmed−0%	+0.02 pp	12 q
ALKAlaska Air Group, Inc.	0.17%	4,459,437	$175M	trimmed−2%	+0.01 pp	12 q
BBBlackBerry Limited	0.17%	37,861,122	$178M	trimmed−0%	−0.01 pp	12 q
CARRCarrier Global Corporation	0.17%	4,909,172	$175M	trimmed−0%	+0.01 pp	10 q
CCitigroup Inc.	0.17%	4,313,846	$180M	trimmed−1%	−0.01 pp	12 q
FGENKyntra Bio, Inc.	0.17%	13,179,897	$171M	trimmed−0%	+0.05 pp	12 q
RYTMRhythm Pharmaceuticals, Inc.	0.17%	7,026,892	$172M	added+10%	+0.15 pp	12 q
EWEdwards Lifesciences Corp	0.16%	2,056,300	$170M	held	—	12 q
METAMeta Platforms, Inc. Class A	0.16%	1,234,275	$167M	trimmed−0%	−0.02 pp	12 q
KEYSKeysight Technologies, Inc.	0.16%	1,058,865	$167M	trimmed−3%	+0.03 pp	12 q
RVTYRevvity, Inc.	0.15%	1,290,870	$155M	trimmed−4%	−0.02 pp	12 q
SYYSysco Corporation	0.14%	2,034,125	$144M	trimmed−1%	−0.02 pp	7 q
TMUST-Mobile US, Inc.	0.14%	1,075,306	$144M	trimmed−0%	+0.01 pp	12 q
USBU.S. Bancorp	0.14%	3,567,700	$144M	trimmed−14%	−0.03 pp	12 q
XNCRXencor, Inc.	0.14%	5,690,231	$148M	added+19%	+0.02 pp	12 q
ADSKAutodesk Inc	0.13%	704,400	$132M	trimmed−1%	+0.02 pp	12 q
NTNXNutanix, Inc. Class A	0.13%	6,241,785	$130M	added+2%	+0.05 pp	12 q
WEXWEX Inc.	0.13%	1,093,400	$139M	trimmed−5%	−0.03 pp	7 q
XPEVXPeng Inc.	0.13%	11,024,217	$132M	added+29%	−0.11 pp	9 q
CPRICapri Holdings Limited	0.13%	3,561,625	$137M	added+29%	+0.03 pp	12 q
IRBTiRobot Corporation	0.12%	2,205,293	$124M	trimmed−1%	+0.05 pp	12 q
MARMarriott International Class A	0.12%	866,846	$121M	trimmed−0%	+0.01 pp	12 q
ALKSAlkermes Inc. plc	0.12%	5,347,750	$119M	trimmed−1%	−0.02 pp	12 q
CTRACoterra Energy Inc.	0.11%	4,230,050	$110M	trimmed−0%	+0.01 pp	12 q
CTVACorteva, Inc.	0.11%	1,980,710	$113M	trimmed−4%	+0.01 pp	12 q
FCXFreeport-McMoran Inc.	0.11%	4,199,275	$115M	added+1%	0.00 pp	8 q
ILMNIllumina Inc	0.11%	571,703	$109M	trimmed−6%	+0.01 pp	12 q
IQVIQVIA Holdings Inc.	0.11%	607,457	$110M	trimmed−1%	−0.01 pp	11 q
MAMastercard Incorporated	0.11%	412,200	$117M	added+8%	0.00 pp	12 q
PINSPinterest, Inc. Class A	0.11%	4,853,850	$113M	added+5%	+0.03 pp	12 q
TERTeradyne, Inc.	0.11%	1,538,355	$116M	added+42%	+0.02 pp	12 q
RIGTransocean LTD.	0.11%	46,953,106	$116M	trimmed−0%	−0.03 pp	12 q
ACLSAxcelis Technologies Inc	0.10%	1,649,466	$100M	trimmed−2%	+0.02 pp	12 q
CSXCSX Corporation	0.10%	4,029,300	$107M	held	—	12 q
DEDeere & Company	0.10%	317,860	$106M	trimmed−1%	+0.01 pp	12 q
DDDuPont de Nemours, Inc.	0.10%	2,116,332	$107M	added+3%	0.00 pp	12 q
FISFidelity National Information Services, Inc.	0.10%	1,323,200	$100M	added+5%	0.00 pp	7 q
JBHTJB Hunt Transport Services Inc	0.10%	642,100	$100M	new	+0.10 pp	new
MXLMaxLinear, Inc.	0.10%	3,282,242	$107M	trimmed−0%	0.00 pp	12 q
OTISOtis Worldwide Corporation	0.10%	1,645,931	$105M	trimmed−0%	0.00 pp	10 q
VLOValero Energy Corporation	0.10%	972,450	$104M	trimmed−1%	+0.01 pp	8 q
DOWDow Inc.	0.09%	2,034,112	$89M	trimmed−0%	0.00 pp	12 q
EBAYeBay Inc	0.09%	2,545,580	$94M	trimmed−1%	−0.01 pp	12 q
EAElectronic Arts Inc	0.09%	807,125	$93M	trimmed−1%	0.00 pp	12 q
PANWPalo Alto Networks, Inc.	0.09%	539,462	$88M	trimmed−1%	+0.01 pp	12 q
LUNGPulmonx Corporation	0.09%	5,432,751	$91M	added+1%	+0.02 pp	8 q
SWAVShockwave Medical, Inc.	0.09%	326,620	$91M	trimmed−1%	+0.03 pp	9 q
SYKStryker Corporation	0.09%	448,120	$91M	held	—	12 q
VSXYVictorias Secret & Co.	0.08%	2,671,528	$78M	added+19%	+0.02 pp	5 q
WDCWestern Digital Corp.	0.08%	2,623,454	$85M	added+14%	−0.01 pp	12 q
XMTRXometry, Inc. Class A	0.08%	1,546,760	$88M	trimmed−11%	+0.03 pp	6 q
MDTMedtronic plc	0.08%	1,067,320	$86M	trimmed−0%	−0.01 pp	12 q
BURLBurlington Stores, Inc.	0.07%	671,550	$75M	added+1%	−0.01 pp	12 q
CHTRCharter Comm Inc Del CL A New	0.07%	245,290	$74M	trimmed−1%	−0.03 pp	12 q
FORMFormFactor Inc.	0.07%	3,031,614	$76M	added+3%	−0.03 pp	12 q
IEXIDEX Corporation	0.07%	380,315	$76M	trimmed−1%	+0.01 pp	12 q
LYVLive Nation Entertainment Inc.	0.07%	978,465	$74M	trimmed−1%	0.00 pp	9 q
QSRRestaurant Brands International Inc.	0.07%	1,368,000	$73M	held	—	12 q
TWTradeweb Markets Inc. Class A	0.07%	1,274,085	$72M	added+4%	0.00 pp	12 q
99952EURLinde PLC/OLD	0.07%	280,000	$75M	added+1%	0.00 pp	12 q
AMEAmetek, Inc.	0.06%	501,400	$57M	trimmed−48%	−0.03 pp	11 q
CCLCarnival Corporation Ltd.	0.06%	9,479,624	$67M	trimmed−34%	−0.05 pp	12 q
CRLCharles River Laboratories International, Inc.	0.06%	294,820	$58M	trimmed−0%	0.00 pp	12 q
HLTHilton Worldwide Holdings Inc.	0.06%	553,565	$67M	held	—	12 q
LPLALPL Financial Holdings Inc.	0.06%	263,300	$58M	trimmed−3%	+0.02 pp	11 q
LYFTLyft, Inc. Class A	0.06%	4,564,381	$60M	trimmed−0%	+0.01 pp	12 q
MCDMcDonald's Corporation	0.06%	264,800	$61M	held	—	12 q
NWLNewell Brands Inc.	0.06%	4,644,500	$65M	trimmed−5%	−0.02 pp	12 q
ROKRockwell Automation, Inc.	0.06%	275,995	$59M	trimmed−0%	+0.01 pp	12 q
SW5Southwestern Energy Co	0.06%	10,049,750	$62M	trimmed−0%	0.00 pp	12 q
ALLOAllogene Therapeutics, Inc.	0.05%	4,892,866	$53M	added0%	0.00 pp	8 q
MOAltria Group, Inc.	0.05%	1,256,524	$51M	trimmed−1%	0.00 pp	12 q
BJBJs Wholesale Club Holdings, Inc.	0.05%	761,310	$55M	trimmed−0%	+0.01 pp	12 q
LHXL3Harris Technologies, Inc.	0.05%	251,300	$52M	held	—	11 q
NKTRNektar Therapeutics	0.05%	16,422,443	$53M	trimmed−1%	−0.01 pp	12 q
SNYSanofi	0.05%	1,239,500	$47M	held	—	12 q
VMWVMware, Inc	0.05%	494,846	$53M	trimmed−0%	0.00 pp	12 q
ALCAlcon Inc.	0.05%	898,344	$52M	trimmed−0%	−0.01 pp	12 q
SSYSStratasys Inc (ISRAEL)	0.05%	3,420,699	$49M	trimmed−1%	−0.01 pp	12 q
ARRYArray Technologies, Inc.	0.04%	2,382,600	$40M	held	—	2 q
EVREvercore Inc.	0.04%	537,200	$44M	added+23%	0.00 pp	4 q
HONHoneywell International, Inc.	0.04%	230,000	$38M	held	—	12 q
HUBSHubspot, Inc.	0.04%	135,825	$37M	held	—	12 q
JBLUJetBlue Airways Corp	0.04%	5,830,500	$39M	trimmed−3%	0.00 pp	12 q
LVSLas Vegas Sands Corp.	0.04%	1,159,400	$44M	held	—	12 q
LOWLowe's Companies Inc.	0.04%	230,000	$43M	trimmed−10%	0.00 pp	7 q
ODFLOld Dominion Freight Line	0.04%	181,850	$45M	held	—	12 q
RTXRTX Corporation	0.04%	508,762	$42M	trimmed−0%	0.00 pp	12 q
CRMSalesforce, Inc.	0.04%	289,800	$42M	added+1%	0.00 pp	12 q
ALTRAltair Engineering Inc. Class A	0.03%	753,400	$33M	trimmed−2%	−0.01 pp	12 q
CCJCameco Corporation	0.03%	1,217,800	$32M	added0%	+0.01 pp	12 q
CERSCerus Corp	0.03%	9,268,500	$33M	held	—	12 q
CRWDCrowdStrike Holdings, Inc. Class A	0.03%	214,885	$35M	trimmed−2%	0.00 pp	12 q
DHRDanaher Corporation	0.03%	110,237	$28M	held	—	6 q
GKOSGlaukos Corporation	0.03%	537,890	$29M	trimmed−1%	+0.01 pp	12 q
SPHRSphere Entertainment Co.	0.03%	644,751	$28M	held	—	10 q
NFLXNetFlix Inc	0.03%	135,910	$32M	added×3.4	+0.02 pp	2 q
OLLIOllie's Bargain Outlet Holdings, Inc.	0.03%	610,400	$31M	held	—	5 q
RYAAYRyanair Holdings plc	0.03%	522,500	$31M	added+3%	0.00 pp	12 q
UBERUber Technologies, Inc.	0.03%	1,228,100	$33M	added+4%	+0.01 pp	10 q
ULTAUlta Beauty, Inc.	0.03%	72,000	$29M	held	—	12 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.03%	2,463,070	$28M	trimmed−0%	+0.01 pp	12 q
NVTnVent Electric plc	0.03%	887,000	$28M	held	—	12 q
PNRPentair plc	0.03%	667,100	$27M	held	—	12 q
AMHAmerican Homes 4 Rent	0.02%	572,850	$19M	trimmed−1%	0.00 pp	10 q
ARLOArlo Technologies, Inc.	0.02%	4,961,110	$23M	trimmed−2%	−0.01 pp	12 q
AURAurora Innovation, Inc. Class A	0.02%	10,552,180	$23M	added+5%	0.00 pp	4 q
AXONAxon Enterprise, Inc.	0.02%	195,200	$23M	trimmed−6%	0.00 pp	12 q
EATBrinker International, Inc.	0.02%	795,600	$20M	added0%	0.00 pp	6 q
DELLDell Technologies Inc.	0.02%	456,555	$16M	trimmed−0%	0.00 pp	12 q
EXKExact Sciences Corp	0.02%	479,300	$16M	held	—	12 q
INDIindie Semiconductor, Inc. Class A	0.02%	2,815,900	$21M	added+38%	+0.01 pp	5 q
KEXKirby Corporation	0.02%	416,700	$25M	trimmed−2%	0.00 pp	8 q
MGMMgm Resorts International	0.02%	846,610	$25M	trimmed−0%	0.00 pp	12 q
MATXMatsons, Inc.	0.02%	335,292	$21M	trimmed−0%	0.00 pp	12 q
MAXRMaxar Technologies Inc.	0.02%	847,240	$16M	trimmed−0%	0.00 pp	12 q
MDBMongoDB, Inc. Class A	0.02%	84,800	$17M	held	—	9 q
NSCNorfolk Southern Corp.	0.02%	93,700	$20M	trimmed−3%	0.00 pp	12 q
OSISOSI Systems Inc	0.02%	304,100	$22M	trimmed−3%	0.00 pp	12 q
TSNTyson Foods, Inc.	0.02%	356,800	$24M	trimmed−0%	−0.01 pp	12 q
UUnity Software Inc.	0.02%	594,139	$19M	added+3%	0.00 pp	9 q
XPOXPO, Inc.	0.02%	520,400	$23M	added+35%	0.00 pp	7 q
ZNTLZentalis Pharmaceuticals, Inc.	0.02%	1,179,700	$26M	trimmed−1%	−0.01 pp	10 q
9900123DPerimeter Solutions SA	0.02%	2,230,701	$18M	trimmed−4%	0.00 pp	4 q
WVEWave Life Sciences Ltd.	0.02%	4,409,908	$16M	trimmed−0%	+0.01 pp	12 q
OPTUOptimum Communications, Inc.	0.01%	1,878,600	$11M	added+5%	0.00 pp	11 q
AM6Amicus Therapeutics Inc	0.01%	1,328,200	$14M	held	—	12 q
AZOAutoZone, Inc.	0.01%	6,075	$13M	held	—	12 q
BBIOBridgeBio Pharma, Inc.	0.01%	1,037,730	$10M	trimmed−1%	0.00 pp	7 q
ENOVEnovis Corporation	0.01%	143,066	$7M	trimmed−0%	0.00 pp	2 q
CMCSAComcast Corp	0.01%	404,507	$12M	held	—	12 q
SCORcomScore, Inc.	0.01%	5,271,747	$9M	held	—	12 q
STZConstellation Brands, Inc.	0.01%	30,100	$7M	held	—	12 q
DRIDarden Restaurants, Inc.	0.01%	59,700	$8M	held	—	10 q
DASHDoorDash, Inc. Class A	0.01%	146,290	$7M	trimmed−1%	0.00 pp	8 q
EPREPR Properties	0.01%	172,000	$6M	trimmed−1%	0.00 pp	10 q
LABStandard BioTools Inc.	0.01%	4,926,743	$5M	trimmed−1%	0.00 pp	12 q
GXOGXO Logistics, Inc.	0.01%	375,800	$13M	added+9%	0.00 pp	5 q
ROCKGibraltar Industries, Inc.	0.01%	307,600	$13M	trimmed−5%	0.00 pp	12 q
GTLBGitLab Inc. Class A	0.01%	132,820	$7M	added0%	0.00 pp	4 q
GSKGSK plc	0.01%	441,120	$13M	new	+0.01 pp	new
GOGrocery Outlet Holding Corp.	0.01%	160,000	$5M	trimmed−73%	−0.01 pp	5 q
GHGuardant Health, Inc.	0.01%	229,044	$12M	held	—	9 q
HTZHertz Global Holdings, Inc	0.01%	736,400	$12M	held	—	3 q
HUMHumana Inc.	0.01%	23,695	$11M	held	—	6 q
IMAXImax Corp	0.01%	1,018,400	$14M	trimmed−5%	−0.01 pp	12 q
LICYLi-cycle Holdings Corp	0.01%	2,061,500	$11M	added+5%	0.00 pp	5 q
unresolvedLeslies Inc	0.01%	976,800	$14M	held	—	4 q
DOORMasonite International Corp	0.01%	214,000	$15M	added+5%	0.00 pp	11 q
MRKMerck & Co., Inc.	0.01%	116,500	$10M	trimmed−14%	0.00 pp	12 q
NMIHNMI Holdings Inc.	0.01%	723,720	$15M	held	—	12 q
NFENew Fortress Energy Inc. Class A	0.01%	185,600	$8M	trimmed−0%	0.00 pp	9 q
LASRnLIGHT, Inc.	0.01%	1,133,664	$11M	added0%	0.00 pp	12 q
NUVANuVasive, Inc.	0.01%	132,900	$6M	trimmed−1%	0.00 pp	12 q
ORLYO'Reilly Automotive, Inc.	0.01%	19,200	$14M	trimmed−1%	0.00 pp	7 q
OKTAOkta, Inc. Class A	0.01%	95,350	$5M	added×6.0	+0.01 pp	11 q
OMCLOmnicell Inc	0.01%	109,257	$10M	added+27%	0.00 pp	7 q
PENPenumbra, Inc.	0.01%	45,820	$9M	trimmed−2%	0.00 pp	12 q
PMPhilip Morris International Inc.	0.01%	165,800	$14M	trimmed−1%	0.00 pp	12 q
PROPros Holdings, Inc.	0.01%	347,290	$9M	trimmed−1%	0.00 pp	12 q
RMBSRambus Inc	0.01%	245,563	$6M	trimmed−3%	+0.01 pp	12 q
RPDRapid7, Inc.	0.01%	180,600	$8M	trimmed−2%	0.00 pp	12 q
RGENRepligen Corp	0.01%	47,379	$9M	held	—	6 q
RIVNRivian Automotive, Inc. Class A	0.01%	352,020	$12M	trimmed−1%	0.00 pp	4 q
RBLXRoblox Corporation	0.01%	303,900	$11M	added0%	0.00 pp	5 q
SAIASaia, Inc.	0.01%	77,200	$15M	held	—	2 q
SAICScience Applications International Corporation	0.01%	115,900	$10M	held	—	11 q
TWTRTwitter, Inc.	0.01%	160,700	$7M	new	+0.01 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	16,034	$8M	trimmed−0%	0.00 pp	10 q
WATWaters Corp	0.01%	51,194	$14M	trimmed−0%	−0.01 pp	8 q
GTMZoomInfo Technologies Inc	0.01%	278,519	$12M	held	—	10 q
ZMZoom Communications, Inc. Class A	0.01%	163,050	$12M	added+42%	0.00 pp	11 q
AMBAAmbarella, Inc.	0.01%	113,700	$6M	held	—	9 q
FTITechnipFMC plc	0.01%	1,678,500	$14M	added+9%	0.00 pp	12 q
CYBRCyberark Software LTD/ISRAEL	0.01%	79,350	$12M	held	—	12 q
ARAYAccuray Incorporated	0.00%	394,320	$820,000	trimmed−9%	0.00 pp	12 q
ADPTAdaptive Biotechnologies Corporation	0.00%	150,500	$1M	held	—	11 q
ALGTAllegiant Travel Company	0.00%	44,050	$3M	held	—	12 q
ABUSArbutus Biopharma Corporation	0.00%	423,300	$809,000	held	—	12 q
ANETArista Networks	0.00%	7,400	$835,000	held	—	12 q
AWIArmstrong World Industries, Inc.	0.00%	10,000	$792,000	held	—	12 q
AMKAssetMark Financial Holdings, Inc.	0.00%	251,700	$5M	held	—	5 q
BEBloom Energy Corporation	0.00%	49,600	$992,000	held	—	12 q
BOOTBoot Barn Holdings, Inc.	0.00%	69,300	$4M	held	—	12 q
CBOECboe Global Markets, Inc.	0.00%	29,300	$3M	trimmed−4%	0.00 pp	12 q
CVGWCalavo Growers Inc	0.00%	35,900	$1M	held	—	12 q
CALACalithera Biosciences Inc	0.00%	414,480	$1M	trimmed−1%	0.00 pp	12 q
CECelanese Corporation	0.00%	8,000	$723,000	held	—	12 q
CRNCCerence Inc.	0.00%	190,125	$3M	trimmed−10%	0.00 pp	12 q
CIENCiena Corporation	0.00%	100,485	$4M	trimmed−0%	0.00 pp	10 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	72,000	$503,000	held	—	12 q
DGDollar General Corp.	0.00%	17,100	$4M	held	—	4 q
ESABESAB Corporation	0.00%	143,065	$5M	trimmed−0%	−0.01 pp	2 q
FLYWFlywire Corporation Voting	0.00%	15,750	$362,000	added+16%	0.00 pp	2 q
FAROFaro Technologies Inc	0.00%	49,500	$1M	held	—	12 q
FIVEFive Below, Inc.	0.00%	22,400	$3M	held	—	12 q
FRSHFreshworks Inc. Class A	0.00%	278,900	$4M	held	—	4 q
ULCCFrontier Group Holdings, Inc.	0.00%	71,700	$695,000	held	—	6 q
GILGildan Activewear Inc.	0.00%	104,000	$3M	held	—	12 q
GEF.BGreif, Inc. Class B	0.00%	25,000	$2M	trimmed−4%	0.00 pp	12 q
GRWGGrow Generation Corp	0.00%	1,159,900	$4M	held	—	3 q
HLNHaleon plc	0.00%	551,400	$3M	new	0.00 pp	new
HANHawaiian Holdings Inc	0.00%	181,900	$2M	held	—	12 q
HCATHealth Catalyst, Inc	0.00%	472,244	$5M	added+54%	0.00 pp	10 q
IMGNImmunogen Inc	0.00%	728,327	$3M	held	—	12 q
NGVTIngevity Corporation	0.00%	49,000	$3M	held	—	12 q
JAMFJamf Holding Corp.	0.00%	97,300	$2M	held	—	6 q
JELDJELD-WEN Holding, Inc.	0.00%	283,900	$2M	added+73%	0.00 pp	7 q
KRThe Kroger Co.	0.00%	25,000	$1M	held	—	4 q
MSGSMadison Square Garden Sports Corp.	0.00%	6,773	$926,000	held	—	11 q
MQMarqeta, Inc. Class A	0.00%	198,700	$1M	held	—	5 q
MTLSMaterialise NV	0.00%	254,501	$3M	trimmed−24%	0.00 pp	12 q
MREOMereo BioPharma Group plc	0.00%	314,760	$271,000	trimmed−2%	0.00 pp	12 q
AVOMission Produce, Inc.	0.00%	45,880	$663,000	trimmed−2%	0.00 pp	8 q
NNBRNN Inc	0.00%	2,197,000	$4M	trimmed−5%	−0.01 pp	12 q
MASS908 Devices Inc.	0.00%	27,300	$449,000	trimmed−85%	0.00 pp	8 q
NOKNokia Corporation	0.00%	500,000	$2M	held	—	12 q
unresolvedOlink Hldg AB	0.00%	29,500	$358,000	held	—	7 q
OSUROraSure Technologies Inc	0.00%	910,600	$3M	trimmed−0%	0.00 pp	12 q
PBHPrestige Consumer Healthcare Inc.	0.00%	31,400	$2M	held	—	12 q
RNGRingcentral, Inc.	0.00%	12,350	$494,000	held	—	11 q
SAFESafehold Inc.	0.00%	53,600	$1M	trimmed−1%	0.00 pp	8 q
SG7Sage Therapeutics Inc	0.00%	77,800	$3M	held	—	4 q
SLBSLB Limited	0.00%	139,100	$5M	added+11%	0.00 pp	12 q
AXONSio Gene Therapies Inc	0.00%	15,600	$4,000	trimmed−7%	0.00 pp	12 q
SNAPSnap Inc.	0.00%	136,550	$1M	held	—	10 q
SAVEQSpirit Airlines, Inc.	0.00%	268,400	$5M	trimmed−1%	−0.01 pp	12 q
SNCYSun Country Airlines Holdings, Inc.	0.00%	72,875	$992,000	trimmed−3%	0.00 pp	7 q
TENBTenable Holdings, Inc.	0.00%	46,900	$2M	added×4.3	0.00 pp	3 q
unresolvedTuesday Morning Corp	0.00%	1,067,000	$129,000	trimmed−5%	0.00 pp	6 q
TSPHCreateai Holdings Inc A	0.00%	108,800	$827,000	held	—	6 q
unresolved2U Inc	0.00%	75,000	$469,000	held	—	12 q
VRNSVaronis Systems, Inc.	0.00%	46,340	$1M	added+1%	0.00 pp	3 q
WSCWillScot Holdings Corporation Class A	0.00%	69,000	$3M	trimmed−22%	0.00 pp	10 q
ZIMVZimVie Inc.	0.00%	360,514	$4M	trimmed−1%	−0.01 pp	3 q
BIOXBioceres Crop Solutions Corp.	0.00%	124,059	$2M	new	0.00 pp	new
CRDOCredo Technology Group Holding Ltd	0.00%	23,900	$263,000	added+91%	0.00 pp	2 q
GANGan Ltd	0.00%	1,838,885	$4M	trimmed−3%	0.00 pp	10 q
JECJacobs Engineering Group	—	−6,350,917	—	exited	−0.72 pp	—
PLTPlantronics Inc	—	−5,403,250	—	exited	−0.19 pp	—
unresolvedTurning Point Therapeutics I	—	−542,100	—	exited	−0.04 pp	—
EPZMEpizyme, Inc	—	−16,642,727	—	exited	−0.02 pp	—
unresolvedGlaxosmithkline PLC	—	−551,400	—	exited	−0.02 pp	—
6SSServicesource International	—	−6,968,710	—	exited	−0.01 pp	—
TTWOTake-Two Interactive Software Inc	—	−75,000	—	exited	−0.01 pp	—
DBDDiebold Nixdorf, Incorporated	—	−190,000	—	exited	0.00 pp	—
DOCUDocuSign, Inc.	—	−3,500	—	exited	0.00 pp	—
MTSIMACOM Technology Solutions Holdings, Inc	—	−98,300	—	exited	0.00 pp	—
MBIIMarrone Bio Innovations, Inc.	—	−1,458,400	—	exited	0.00 pp	—
SEERSeer, Inc. Class A	—	−20,200	—	exited	0.00 pp	—