PRIMECAP

Q4 2022 13F · by Joel Fried, portfolio manager

As of: Dec 31, 2022
Filed: Feb 10, 2023
US stock: $109.2B · prev $103.3B
Positions: 334 · prev 335
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%

Moves300 since the prior filing

+1.8 pp in · −1.8 pp out

New 9 +0.11 pp
Added 54 +1.65 pp
Trimmed 227 −1.40 pp
Exited 10 −0.41 pp

The book

Diversified · behaves like 49 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 4.0% a year, about 25.2 years per position

Low
Moderate
High

Top 5 positions22% of US stock

LLY Eli Lilly & Co. trimmed−0.10 pp trimmed−0.108.7%
BIIB Biogen Inc. trimmed−0.09 pp trimmed−0.094.0%
AMGN Amgen Inc trimmed+0.29 pp trimmed+0.293.7%
MSFT Microsoft Corp trimmed−0.35 pp trimmed−0.352.9%
AZNN Astrazeneca Plc-spons ADR trimmed+0.37 pp trimmed+0.372.8%

Positions334 in this filing · 10 exited


LLYEli Lilly & Co.	8.67%	25,892,025	$9.5B	trimmed−8%	−0.10 pp	13 q
BIIBBiogen Inc.	3.98%	15,700,576	$4.3B	trimmed−0%	−0.09 pp	13 q
AMGNAmgen Inc	3.68%	15,292,213	$4.0B	trimmed−2%	+0.29 pp	13 q
MSFTMicrosoft Corp	2.92%	13,289,688	$3.2B	trimmed−8%	−0.35 pp	13 q
AZNNAstrazeneca Plc-spons ADR	2.79%	44,986,840	$3.1B	trimmed−1%	+0.37 pp	13 q
TXNTexas Instruments Incorporated	2.58%	17,084,690	$2.8B	trimmed−2%	−0.02 pp	13 q
KLACKLA Corporation	2.34%	6,771,954	$2.6B	trimmed−5%	+0.26 pp	13 q
FDXFedEx Corporation	2.21%	13,921,967	$2.4B	added0%	+0.22 pp	13 q
ADBEAdobe Inc.	1.95%	6,341,673	$2.1B	trimmed−1%	+0.24 pp	13 q
TMOThermo Fisher Scientific, Inc.	1.84%	3,658,574	$2.0B	trimmed−4%	−0.02 pp	13 q
MUMicron Technology, Inc.	1.82%	39,739,597	$2.0B	trimmed−2%	−0.14 pp	13 q
WFCWells Fargo & Co.	1.80%	47,710,205	$2.0B	trimmed−2%	−0.09 pp	13 q
GOOGLAlphabet Inc. Class A	1.70%	21,093,825	$1.9B	trimmed−2%	−0.30 pp	13 q
SONYSony Group Corporation	1.70%	24,365,509	$1.9B	trimmed−3%	+0.14 pp	13 q
BMRNBioMarin Pharmaceuticals Inc	1.67%	17,580,859	$1.8B	trimmed−0%	+0.22 pp	13 q
LUVSouthwest Airlines Co.	1.61%	52,198,099	$1.8B	trimmed−1%	+0.04 pp	13 q
BSXBoston Scientific Corp.	1.59%	37,651,859	$1.7B	added0%	+0.18 pp	13 q
BMYBristol-Myers Squibb Co.	1.44%	21,856,565	$1.6B	trimmed−1%	−0.08 pp	13 q
NVSNovartis AG	1.43%	17,194,880	$1.6B	trimmed−1%	+0.15 pp	13 q
BABAAlibaba Group Holding Limited	1.39%	17,278,627	$1.5B	trimmed−1%	+0.04 pp	13 q
ACMAecom	1.37%	17,589,671	$1.5B	trimmed−8%	+0.10 pp	13 q
INTCIntel Corp	1.37%	56,571,961	$1.5B	added+9%	+0.07 pp	13 q
RJFRaymond James Financial, Inc.	1.28%	13,059,887	$1.4B	trimmed−4%	−0.01 pp	13 q
ROSTRoss Stores Inc	1.19%	11,180,194	$1.3B	trimmed−1%	+0.27 pp	13 q
GOOGAlphabet Inc. Class C	1.16%	14,235,555	$1.3B	trimmed−2%	−0.19 pp	13 q
JPMJPMorgan Chase & Co.	1.14%	9,258,371	$1.2B	trimmed−7%	+0.14 pp	13 q
TSLATesla, Inc.	1.13%	10,050,375	$1.2B	trimmed−1%	−1.47 pp	13 q
HESHess Corporation	1.09%	8,426,725	$1.2B	trimmed−10%	+0.10 pp	13 q
PXDPioneer Natural Resource Co.	1.06%	5,071,146	$1.2B	trimmed−1%	−0.02 pp	13 q
TJXTJX Companies, Inc. (The)	1.03%	14,087,148	$1.1B	trimmed−1%	+0.18 pp	13 q
ONCBeOne Medicines Ltd.	1.02%	5,048,154	$1.1B	added+7%	+0.40 pp	13 q
FLEXFlex Ltd.	1.02%	51,875,426	$1.1B	trimmed−4%	+0.15 pp	13 q
BIDUBaidu, Inc.	0.99%	9,470,484	$1.1B	trimmed−1%	−0.09 pp	13 q
ORCLOracle Corp	0.95%	12,661,501	$1.0B	added+2%	+0.21 pp	13 q
NTAPNetApp, Inc	0.89%	16,141,234	$969M	trimmed−2%	−0.09 pp	13 q
SPLKSplunk Inc	0.86%	10,945,923	$942M	added+23%	+0.21 pp	13 q
UALUnited Airlines Holdings, Inc.	0.83%	24,070,249	$907M	trimmed−2%	+0.06 pp	13 q
VVISA Inc.	0.77%	4,026,641	$837M	trimmed−1%	+0.07 pp	13 q
MATMattel, Inc.	0.72%	44,345,839	$791M	trimmed−1%	−0.10 pp	13 q
INTUIntuit Inc	0.68%	1,919,241	$747M	trimmed−1%	−0.05 pp	13 q
DALDelta Air Lines, Inc.	0.67%	22,178,008	$729M	trimmed−1%	+0.06 pp	13 q
JJacobs Solutions Inc.	0.67%	6,107,027	$733M	trimmed−3%	+0.01 pp	2 q
BACBank of America Corporation	0.66%	21,732,406	$720M	trimmed−12%	−0.06 pp	13 q
QCOMQualcomm Inc	0.66%	6,558,107	$721M	trimmed−2%	−0.07 pp	13 q
WHRWhirlpool Corp.	0.62%	4,810,405	$680M	trimmed−1%	−0.02 pp	13 q
ADIAnalog Devices, Inc.	0.61%	4,072,870	$668M	trimmed−4%	+0.04 pp	13 q
CATCaterpillar Inc.	0.58%	2,649,893	$635M	trimmed−9%	+0.12 pp	13 q
BNTXBioNTech SE	0.57%	4,173,166	$627M	trimmed−1%	+0.02 pp	13 q
HPEHewlett Packard Enterprise Company	0.56%	38,128,596	$609M	trimmed−19%	+0.01 pp	13 q
SGENSeagen Inc.	0.56%	4,765,578	$612M	added+4%	−0.05 pp	13 q
ZBHZimmer Biomet Holdings, Inc.	0.56%	4,831,122	$616M	trimmed−2%	+0.06 pp	13 q
HPQHP Inc.	0.55%	22,470,525	$604M	trimmed−5%	−0.02 pp	13 q
MRSHMarsh	0.54%	3,533,721	$585M	trimmed−2%	+0.02 pp	13 q
UNPUnion Pacific Corp.	0.49%	2,590,900	$536M	trimmed−2%	−0.01 pp	13 q
ABTAbbott Laboratories	0.46%	4,615,798	$507M	trimmed−3%	+0.01 pp	13 q
DISThe Walt Disney Company	0.46%	5,783,537	$502M	added+5%	−0.04 pp	13 q
AALAmerican Airlines Group Inc.	0.44%	38,098,701	$485M	trimmed−2%	−0.01 pp	13 q
ALBAlbemarle Corporation	0.40%	2,013,745	$437M	trimmed−17%	−0.22 pp	13 q
NTRSNorthern Trust Corp	0.39%	4,782,942	$423M	added+15%	+0.05 pp	13 q
UPSUnited Parcel Service, Inc. Class B	0.39%	2,463,791	$428M	trimmed−1%	0.00 pp	13 q
NVDANvidia Corp	0.38%	2,822,500	$412M	trimmed−5%	+0.03 pp	13 q
ELANElanco Animal Health Incorporated	0.37%	32,983,562	$403M	added+8%	0.00 pp	13 q
AIYActivision Blizzard Inc	0.36%	5,118,780	$392M	trimmed−1%	−0.01 pp	13 q
AMATApplied Materials Inc	0.36%	4,015,083	$391M	trimmed−3%	+0.03 pp	13 q
ERICEricsson	0.36%	67,724,047	$396M	trimmed−18%	−0.10 pp	13 q
EOGEOG Resources, Inc.	0.35%	2,914,529	$377M	trimmed−2%	+0.03 pp	13 q
TDGTransDigm Group Incorporated	0.34%	592,694	$373M	trimmed−2%	+0.03 pp	13 q
AAgilent Technologies Inc.	0.33%	2,426,351	$363M	trimmed−4%	+0.03 pp	13 q
AMZNAmazon.Com Inc	0.33%	4,266,050	$358M	trimmed−11%	−0.19 pp	13 q
CVSCvs Health Corporation	0.33%	3,848,425	$359M	trimmed−5%	−0.04 pp	13 q
KMXCarMax Inc.	0.33%	5,971,581	$364M	trimmed−4%	−0.07 pp	13 q
CSCOCisco Systems, Inc. (DE)	0.33%	7,532,220	$359M	trimmed−1%	+0.03 pp	13 q
TXTTextron, Inc.	0.33%	5,109,750	$362M	trimmed−3%	+0.03 pp	13 q
ASMLASML Holding NV	0.33%	654,179	$357M	trimmed−2%	+0.06 pp	11 q
RCLRoyal Caribbean Group	0.30%	6,706,061	$331M	trimmed−1%	+0.05 pp	13 q
MSMorgan Stanley	0.28%	3,551,743	$302M	trimmed−32%	−0.12 pp	9 q
GLWCorning Incorporated	0.27%	9,113,919	$291M	trimmed−1%	+0.01 pp	13 q
CMECME Group Inc.	0.25%	1,620,930	$273M	added+7%	−0.01 pp	13 q
MKTXMarketAxess Holdings Inc.	0.25%	982,030	$274M	added+2%	+0.04 pp	13 q
AAPLApple Inc.	0.24%	1,991,800	$259M	trimmed−5%	−0.04 pp	13 q
TRMBTrimble Inc.	0.24%	5,225,046	$264M	trimmed−6%	−0.05 pp	13 q
LIVNLivaNova PLC	0.23%	4,594,917	$255M	added0%	+0.01 pp	13 q
BBWIBath & Body Works, Inc.	0.22%	5,778,265	$243M	trimmed−2%	+0.03 pp	13 q
GDGeneral Dynamics Corporation	0.22%	950,650	$236M	trimmed−2%	+0.02 pp	13 q
PODDInsulet Corporation	0.22%	818,508	$241M	trimmed−30%	−0.04 pp	13 q
JBLJabil Inc.	0.22%	3,583,600	$244M	trimmed−4%	+0.01 pp	13 q
DFSDiscover Financial Services	0.21%	2,329,879	$228M	trimmed−21%	−0.05 pp	13 q
SCHWThe Charles Schwab Corporation	0.21%	2,708,942	$226M	trimmed−48%	−0.16 pp	13 q
OLEDUniversal Display Corp	0.21%	2,088,849	$226M	trimmed−2%	+0.01 pp	13 q
DSGXDescartes Systems Group Inc	0.20%	3,078,806	$214M	trimmed−11%	−0.01 pp	13 q
DLTRDollar Tree Inc.	0.20%	1,512,815	$214M	trimmed−2%	0.00 pp	11 q
FGENKyntra Bio, Inc.	0.20%	13,895,078	$223M	added+5%	+0.03 pp	13 q
FISFidelity National Information Services, Inc.	0.20%	3,297,050	$224M	added×2.5	+0.10 pp	8 q
GSGoldman Sachs Group Inc.	0.20%	631,750	$217M	trimmed−1%	+0.02 pp	9 q
RIGTransocean LTD.	0.19%	46,564,489	$212M	trimmed−1%	+0.08 pp	13 q
CARRCarrier Global Corporation	0.18%	4,849,272	$200M	trimmed−1%	+0.01 pp	11 q
ENTGEntegris Inc	0.18%	3,003,644	$197M	trimmed−0%	−0.06 pp	13 q
PGRProgressive Corporation	0.18%	1,525,000	$198M	trimmed−3%	0.00 pp	13 q
RYTMRhythm Pharmaceuticals, Inc.	0.18%	6,911,142	$201M	trimmed−2%	+0.01 pp	13 q
CPRICapri Holdings Limited	0.18%	3,522,675	$202M	trimmed−1%	+0.05 pp	13 q
ALKAlaska Air Group, Inc.	0.17%	4,290,237	$184M	trimmed−4%	0.00 pp	13 q
CCitigroup Inc.	0.17%	4,167,046	$188M	trimmed−3%	0.00 pp	13 q
CWCurtiss-Wright Corp.	0.17%	1,140,635	$190M	trimmed−13%	−0.01 pp	13 q
DDDuPont de Nemours, Inc.	0.16%	2,544,186	$175M	added+20%	+0.06 pp	13 q
RVTYRevvity, Inc.	0.16%	1,215,565	$170M	trimmed−6%	+0.01 pp	13 q
FCXFreeport-McMoran Inc.	0.15%	4,200,500	$160M	added0%	+0.04 pp	9 q
KEYSKeysight Technologies, Inc.	0.15%	955,285	$163M	trimmed−10%	−0.01 pp	13 q
XNCRXencor, Inc.	0.15%	6,216,903	$162M	added+9%	+0.01 pp	13 q
METAMeta Platforms, Inc. Class A	0.14%	1,228,575	$148M	trimmed−0%	−0.02 pp	13 q
NTNXNutanix, Inc. Class A	0.14%	5,706,333	$149M	trimmed−9%	+0.01 pp	13 q
SYYSysco Corporation	0.14%	1,982,650	$152M	trimmed−3%	0.00 pp	8 q
EWEdwards Lifesciences Corp	0.13%	1,966,000	$147M	trimmed−4%	−0.03 pp	13 q
MAMastercard Incorporated	0.13%	412,200	$143M	held	—	13 q
PYPLPayPal Holdings, Inc.	0.13%	1,963,310	$140M	trimmed−13%	−0.06 pp	13 q
TMUST-Mobile US, Inc.	0.13%	1,037,459	$145M	trimmed−4%	−0.01 pp	13 q
WEXWEX Inc.	0.13%	848,030	$139M	trimmed−22%	0.00 pp	8 q
ADSKAutodesk Inc	0.12%	681,400	$127M	trimmed−3%	−0.01 pp	13 q
BURLBurlington Stores, Inc.	0.12%	666,080	$135M	trimmed−1%	+0.05 pp	13 q
GSKGSK plc	0.12%	3,765,920	$132M	added×8.5	+0.11 pp	2 q
MARMarriott International Class A	0.12%	866,446	$129M	trimmed−0%	0.00 pp	13 q
OTISOtis Worldwide Corporation	0.12%	1,626,841	$127M	trimmed−1%	+0.02 pp	11 q
TERTeradyne, Inc.	0.12%	1,536,650	$134M	trimmed−0%	+0.01 pp	13 q
WOLFWolfspeed, Inc.	0.12%	1,866,094	$129M	trimmed−12%	−0.09 pp	5 q
BBBlackBerry Limited	0.11%	35,976,322	$117M	trimmed−5%	−0.06 pp	13 q
CSXCSX Corporation	0.11%	4,029,300	$125M	held	—	13 q
IQVIQVIA Holdings Inc.	0.11%	580,427	$119M	trimmed−4%	0.00 pp	12 q
PINSPinterest, Inc. Class A	0.11%	4,847,700	$118M	trimmed−0%	0.00 pp	13 q
VLOValero Energy Corporation	0.11%	921,325	$117M	trimmed−5%	+0.01 pp	9 q
XPEVXPeng Inc.	0.11%	12,054,877	$120M	added+9%	−0.02 pp	10 q
ALKSAlkermes Inc. plc	0.11%	4,803,330	$126M	trimmed−10%	−0.01 pp	13 q
CTVACorteva, Inc.	0.10%	1,885,007	$111M	trimmed−5%	−0.01 pp	13 q
DEDeere & Company	0.10%	256,220	$110M	trimmed−19%	0.00 pp	13 q
JBHTJB Hunt Transport Services Inc	0.10%	655,200	$114M	added+2%	0.00 pp	2 q
ILMNIllumina Inc	0.10%	520,393	$105M	trimmed−9%	−0.01 pp	13 q
SYKStryker Corporation	0.10%	446,770	$109M	trimmed−0%	+0.01 pp	13 q
ACLSAxcelis Technologies Inc	0.09%	1,275,306	$101M	trimmed−23%	−0.01 pp	13 q
CTRACoterra Energy Inc.	0.09%	4,097,250	$101M	trimmed−3%	−0.02 pp	13 q
DOWDow Inc.	0.09%	2,019,515	$102M	trimmed−1%	0.00 pp	13 q
EBAYeBay Inc	0.09%	2,493,550	$103M	trimmed−2%	0.00 pp	13 q
EAElectronic Arts Inc	0.09%	768,925	$94M	trimmed−5%	0.00 pp	13 q
IRBTiRobot Corporation	0.09%	1,930,653	$93M	trimmed−12%	−0.03 pp	13 q
MXLMaxLinear, Inc.	0.09%	3,019,362	$103M	trimmed−8%	−0.01 pp	13 q
VSXYVictorias Secret & Co.	0.09%	2,640,128	$94M	trimmed−1%	+0.01 pp	6 q
CHTRCharter Comm Inc Del CL A New	0.08%	244,040	$83M	trimmed−1%	+0.01 pp	13 q
IEXIDEX Corporation	0.08%	363,715	$83M	trimmed−4%	+0.01 pp	13 q
QSRRestaurant Brands International Inc.	0.08%	1,368,000	$88M	held	—	13 q
TWTradeweb Markets Inc. Class A	0.08%	1,355,985	$88M	added+6%	+0.01 pp	13 q
WDCWestern Digital Corp.	0.08%	2,693,604	$85M	added+3%	0.00 pp	13 q
99952EURLinde PLC/OLD	0.08%	280,000	$91M	held	—	13 q
CCLCarnival Corporation Ltd.	0.07%	9,372,724	$76M	trimmed−1%	+0.01 pp	13 q
MBLYMobileye Global Inc. Class A	0.07%	2,061,470	$72M	new	+0.07 pp	new
PANWPalo Alto Networks, Inc.	0.07%	525,957	$73M	trimmed−3%	−0.02 pp	13 q
MDTMedtronic plc	0.07%	1,048,170	$81M	trimmed−2%	−0.01 pp	13 q
AMEAmetek, Inc.	0.06%	500,400	$70M	trimmed−0%	0.00 pp	12 q
CRLCharles River Laboratories International, Inc.	0.06%	284,740	$62M	trimmed−3%	0.00 pp	13 q
EVREvercore Inc.	0.06%	578,880	$63M	added+8%	+0.02 pp	5 q
FORMFormFactor Inc.	0.06%	3,185,044	$71M	added+5%	−0.01 pp	13 q
HLTHilton Worldwide Holdings Inc.	0.06%	553,565	$70M	held	—	13 q
LYVLive Nation Entertainment Inc.	0.06%	911,640	$64M	trimmed−7%	−0.01 pp	10 q
MCDMcDonald's Corporation	0.06%	264,800	$70M	held	—	13 q
ROKRockwell Automation, Inc.	0.06%	273,700	$70M	trimmed−1%	0.00 pp	13 q
USBU.S. Bancorp	0.06%	1,471,400	$64M	trimmed−59%	−0.08 pp	13 q
XMTRXometry, Inc. Class A	0.06%	1,907,508	$61M	added+23%	−0.02 pp	7 q
ALCAlcon Inc.	0.06%	888,434	$61M	trimmed−1%	+0.01 pp	13 q
MOAltria Group, Inc.	0.05%	1,219,524	$56M	trimmed−3%	0.00 pp	13 q
LHXL3Harris Technologies, Inc.	0.05%	251,300	$52M	held	—	12 q
LVSLas Vegas Sands Corp.	0.05%	1,159,400	$56M	held	—	13 q
NWLNewell Brands Inc.	0.05%	4,184,900	$55M	trimmed−10%	−0.01 pp	13 q
SNYSanofi	0.05%	1,215,740	$59M	trimmed−2%	0.00 pp	13 q
SWAVShockwave Medical, Inc.	0.05%	291,450	$60M	trimmed−11%	−0.04 pp	10 q
SW5Southwestern Energy Co	0.05%	10,005,850	$59M	trimmed−0%	−0.01 pp	13 q
VMWVMware, Inc	0.05%	485,627	$60M	trimmed−2%	0.00 pp	13 q
BJBJs Wholesale Club Holdings, Inc.	0.04%	722,000	$48M	trimmed−5%	−0.01 pp	13 q
HONHoneywell International, Inc.	0.04%	228,300	$49M	trimmed−1%	0.00 pp	13 q
LPLALPL Financial Holdings Inc.	0.04%	183,600	$40M	trimmed−30%	−0.02 pp	12 q
LYFTLyft, Inc. Class A	0.04%	4,317,631	$48M	trimmed−5%	−0.02 pp	13 q
NFLXNetFlix Inc	0.04%	139,710	$41M	added+3%	+0.01 pp	3 q
LUNGPulmonx Corporation	0.04%	5,502,721	$46M	added+1%	−0.05 pp	9 q
RTXRTX Corporation	0.04%	414,932	$42M	trimmed−18%	0.00 pp	13 q
RYAAYRyanair Holdings plc	0.04%	522,500	$39M	held	—	13 q
CRMSalesforce, Inc.	0.04%	289,800	$38M	held	—	13 q
ALLOAllogene Therapeutics, Inc.	0.03%	4,943,916	$31M	added+1%	−0.02 pp	9 q
ALTRAltair Engineering Inc. Class A	0.03%	688,050	$31M	trimmed−9%	0.00 pp	13 q
ARRYArray Technologies, Inc.	0.03%	1,822,600	$35M	trimmed−24%	−0.01 pp	3 q
CCJCameco Corporation	0.03%	1,241,500	$28M	added+2%	0.00 pp	13 q
CERSCerus Corp	0.03%	8,849,600	$32M	trimmed−5%	0.00 pp	13 q
DHRDanaher Corporation	0.03%	110,237	$29M	held	—	7 q
HUBSHubspot, Inc.	0.03%	104,000	$30M	trimmed−23%	−0.01 pp	13 q
JBLUJetBlue Airways Corp	0.03%	5,277,400	$34M	trimmed−9%	−0.01 pp	13 q
LOWLowe's Companies Inc.	0.03%	150,000	$30M	trimmed−35%	−0.01 pp	8 q
MGMMgm Resorts International	0.03%	841,070	$28M	trimmed−1%	+0.01 pp	13 q
SPHRSphere Entertainment Co.	0.03%	642,751	$29M	trimmed−0%	0.00 pp	11 q
MAXRMaxar Technologies Inc.	0.03%	663,600	$34M	trimmed−22%	+0.01 pp	13 q
NKTRNektar Therapeutics	0.03%	15,659,053	$35M	trimmed−5%	−0.02 pp	13 q
OKTAOkta, Inc. Class A	0.03%	470,466	$32M	added×4.9	+0.02 pp	12 q
ODFLOld Dominion Freight Line	0.03%	109,050	$31M	trimmed−40%	−0.01 pp	13 q
UBERUber Technologies, Inc.	0.03%	1,215,650	$30M	trimmed−1%	0.00 pp	11 q
ULTAUlta Beauty, Inc.	0.03%	69,000	$32M	trimmed−4%	0.00 pp	13 q
ZMZoom Communications, Inc. Class A	0.03%	404,950	$27M	added×2.5	+0.02 pp	12 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.03%	2,453,370	$30M	trimmed−0%	0.00 pp	13 q
NVTnVent Electric plc	0.03%	880,400	$34M	trimmed−1%	0.00 pp	13 q
SSYSStratasys Inc (ISRAEL)	0.03%	3,054,999	$36M	trimmed−11%	−0.02 pp	13 q
WVEWave Life Sciences Ltd.	0.03%	4,189,608	$29M	trimmed−5%	+0.01 pp	13 q
AMHAmerican Homes 4 Rent	0.02%	552,750	$17M	trimmed−4%	0.00 pp	11 q
ARLOArlo Technologies, Inc.	0.02%	4,845,270	$17M	trimmed−2%	0.00 pp	13 q
AXONAxon Enterprise, Inc.	0.02%	141,000	$23M	trimmed−28%	0.00 pp	13 q
EATBrinker International, Inc.	0.02%	756,500	$24M	trimmed−5%	0.00 pp	7 q
CRWDCrowdStrike Holdings, Inc. Class A	0.02%	202,585	$21M	trimmed−6%	−0.01 pp	13 q
DELLDell Technologies Inc.	0.02%	443,370	$18M	trimmed−3%	0.00 pp	13 q
EXKExact Sciences Corp	0.02%	479,300	$24M	held	—	13 q
GFLGFL Environmental Inc. Subordinate Voting Shares	0.02%	731,200	$21M	new	+0.02 pp	new
GXOGXO Logistics, Inc.	0.02%	394,300	$17M	added+5%	+0.01 pp	6 q
GKOSGlaukos Corporation	0.02%	550,480	$24M	added+2%	−0.01 pp	13 q
IMAXImax Corp	0.02%	1,205,500	$18M	added+18%	+0.01 pp	13 q
INDIindie Semiconductor, Inc. Class A	0.02%	3,060,900	$18M	added+9%	0.00 pp	6 q
KEXKirby Corporation	0.02%	403,500	$26M	trimmed−3%	0.00 pp	9 q
DOORMasonite International Corp	0.02%	216,200	$17M	added+1%	+0.01 pp	12 q
MATXMatsons, Inc.	0.02%	332,992	$21M	trimmed−1%	0.00 pp	13 q
MDBMongoDB, Inc. Class A	0.02%	86,775	$17M	added+2%	0.00 pp	10 q
NSCNorfolk Southern Corp.	0.02%	87,700	$22M	trimmed−6%	0.00 pp	13 q
OSISOSI Systems Inc	0.02%	293,310	$23M	trimmed−4%	0.00 pp	13 q
OLLIOllie's Bargain Outlet Holdings, Inc.	0.02%	573,790	$27M	trimmed−6%	−0.01 pp	6 q
TSNTyson Foods, Inc.	0.02%	355,300	$22M	trimmed−0%	0.00 pp	13 q
UUnity Software Inc.	0.02%	695,617	$20M	added+17%	0.00 pp	10 q
WATWaters Corp	0.02%	50,694	$17M	trimmed−1%	+0.01 pp	9 q
XPOXPO, Inc.	0.02%	787,500	$26M	added+51%	0.00 pp	8 q
ZNTLZentalis Pharmaceuticals, Inc.	0.02%	1,130,170	$23M	trimmed−4%	0.00 pp	11 q
FTITechnipFMC plc	0.02%	1,703,100	$21M	added+1%	+0.01 pp	13 q
9900123DPerimeter Solutions SA	0.02%	2,045,011	$19M	trimmed−8%	0.00 pp	5 q
OPTUOptimum Communications, Inc.	0.01%	1,878,600	$9M	held	—	12 q
AM6Amicus Therapeutics Inc	0.01%	1,153,400	$14M	trimmed−13%	0.00 pp	13 q
AMKAssetMark Financial Holdings, Inc.	0.01%	251,700	$6M	held	—	6 q
AURAurora Innovation, Inc. Class A	0.01%	10,375,600	$13M	trimmed−2%	−0.01 pp	5 q
AZOAutoZone, Inc.	0.01%	6,075	$15M	held	—	13 q
BBIOBridgeBio Pharma, Inc.	0.01%	913,292	$7M	trimmed−12%	0.00 pp	8 q
ENOVEnovis Corporation	0.01%	143,066	$8M	held	—	3 q
CMCSAComcast Corp	0.01%	404,507	$14M	held	—	13 q
STZConstellation Brands, Inc.	0.01%	30,100	$7M	held	—	13 q
DRIDarden Restaurants, Inc.	0.01%	59,700	$8M	held	—	11 q
DGDollar General Corp.	0.01%	23,600	$6M	added+38%	+0.01 pp	5 q
DASHDoorDash, Inc. Class A	0.01%	145,990	$7M	trimmed−0%	0.00 pp	9 q
EPREPR Properties	0.01%	148,280	$6M	trimmed−14%	0.00 pp	11 q
ESABESAB Corporation	0.01%	143,065	$7M	held	—	3 q
ROCKGibraltar Industries, Inc.	0.01%	247,100	$11M	trimmed−20%	0.00 pp	13 q
GTLBGitLab Inc. Class A	0.01%	131,790	$6M	trimmed−1%	0.00 pp	5 q
GHGuardant Health, Inc.	0.01%	202,044	$5M	trimmed−12%	0.00 pp	10 q
HTZHertz Global Holdings, Inc	0.01%	736,400	$11M	held	—	4 q
HUMHumana Inc.	0.01%	23,695	$12M	held	—	7 q
LICYLi-cycle Holdings Corp	0.01%	2,073,700	$10M	added+1%	0.00 pp	6 q
unresolvedLeslies Inc	0.01%	976,800	$12M	held	—	5 q
MRKMerck & Co., Inc.	0.01%	107,400	$12M	trimmed−8%	0.00 pp	13 q
NMIHNMI Holdings Inc.	0.01%	658,400	$14M	trimmed−9%	0.00 pp	13 q
NFENew Fortress Energy Inc. Class A	0.01%	187,300	$8M	added+1%	0.00 pp	10 q
LASRnLIGHT, Inc.	0.01%	904,264	$9M	trimmed−20%	0.00 pp	13 q
ORLYO'Reilly Automotive, Inc.	0.01%	18,700	$16M	trimmed−3%	0.00 pp	8 q
OMCLOmnicell Inc	0.01%	131,107	$7M	added+20%	0.00 pp	8 q
PENPenumbra, Inc.	0.01%	43,450	$10M	trimmed−5%	0.00 pp	13 q
PMPhilip Morris International Inc.	0.01%	158,900	$16M	trimmed−4%	0.00 pp	13 q
PROPros Holdings, Inc.	0.01%	317,630	$8M	trimmed−9%	0.00 pp	13 q
RXORXO, Inc.	0.01%	810,300	$14M	new	+0.01 pp	new
RMBSRambus Inc	0.01%	238,663	$9M	trimmed−3%	0.00 pp	13 q
RPDRapid7, Inc.	0.01%	193,500	$7M	added+7%	0.00 pp	13 q
RGENRepligen Corp	0.01%	47,379	$8M	held	—	7 q
RIVNRivian Automotive, Inc. Class A	0.01%	347,500	$6M	trimmed−1%	0.00 pp	5 q
RBLXRoblox Corporation	0.01%	303,900	$9M	held	—	6 q
SAIASaia, Inc.	0.01%	77,200	$16M	held	—	3 q
SLBSLB Limited	0.01%	147,100	$8M	added+6%	+0.01 pp	13 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	16,034	$9M	held	—	11 q
GTMZoomInfo Technologies Inc	0.01%	275,569	$8M	trimmed−1%	0.00 pp	11 q
AMBAAmbarella, Inc.	0.01%	91,400	$8M	trimmed−20%	0.00 pp	10 q
STXSeagate Technology Holdings PLC (Ireland)	0.01%	224,700	$12M	new	+0.01 pp	new
CYBRCyberark Software LTD/ISRAEL	0.01%	63,250	$8M	trimmed−20%	0.00 pp	13 q
ARAYAccuray Incorporated	0.00%	235,800	$492,822	trimmed−40%	0.00 pp	13 q
ADPTAdaptive Biotechnologies Corporation	0.00%	146,190	$1M	trimmed−3%	0.00 pp	12 q
ALGTAllegiant Travel Company	0.00%	44,050	$3M	held	—	13 q
ABUSArbutus Biopharma Corporation	0.00%	351,500	$818,995	trimmed−17%	0.00 pp	13 q
ANETArista Networks	0.00%	7,150	$867,652	trimmed−3%	0.00 pp	13 q
AWIArmstrong World Industries, Inc.	0.00%	10,000	$685,900	held	—	13 q
BEBloom Energy Corporation	0.00%	49,600	$948,352	held	—	13 q
BOOTBoot Barn Holdings, Inc.	0.00%	67,100	$4M	trimmed−3%	0.00 pp	13 q
CBOECboe Global Markets, Inc.	0.00%	20,000	$3M	trimmed−32%	0.00 pp	13 q
CVGWCalavo Growers Inc	0.00%	35,900	$1M	held	—	13 q
CALACalithera Biosciences Inc	0.00%	401,080	$1M	trimmed−3%	0.00 pp	13 q
CIENCiena Corporation	0.00%	101,485	$5M	added+1%	0.00 pp	11 q
SCORcomScore, Inc.	0.00%	2,883,435	$3M	trimmed−45%	−0.01 pp	13 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	72,000	$601,920	held	—	13 q
DECKDeckers Outdoor Corp	0.00%	5,600	$2M	new	0.00 pp	new
FLYWFlywire Corporation Voting	0.00%	17,750	$434,342	added+13%	0.00 pp	3 q
FAROFaro Technologies Inc	0.00%	36,100	$1M	trimmed−27%	0.00 pp	13 q
FIVEFive Below, Inc.	0.00%	22,400	$4M	held	—	13 q
LABStandard BioTools Inc.	0.00%	4,616,673	$5M	trimmed−6%	−0.01 pp	13 q
FRSHFreshworks Inc. Class A	0.00%	123,900	$2M	trimmed−56%	0.00 pp	5 q
ULCCFrontier Group Holdings, Inc.	0.00%	99,900	$1M	added+39%	0.00 pp	7 q
GILGildan Activewear Inc.	0.00%	99,430	$3M	trimmed−4%	0.00 pp	13 q
GEF.BGreif, Inc. Class B	0.00%	24,000	$2M	trimmed−4%	0.00 pp	13 q
GOGrocery Outlet Holding Corp.	0.00%	110,000	$3M	trimmed−31%	−0.01 pp	6 q
GRWGGrow Generation Corp	0.00%	1,159,900	$5M	held	—	4 q
HLNHaleon plc	0.00%	551,400	$4M	held	—	2 q
HANHawaiian Holdings Inc	0.00%	158,500	$2M	trimmed−13%	0.00 pp	13 q
HCATHealth Catalyst, Inc	0.00%	471,334	$5M	trimmed−0%	0.00 pp	11 q
IMGNImmunogen Inc	0.00%	700,227	$3M	trimmed−4%	0.00 pp	13 q
NGVTIngevity Corporation	0.00%	49,000	$3M	held	—	13 q
JAMFJamf Holding Corp.	0.00%	97,300	$2M	held	—	7 q
JELDJELD-WEN Holding, Inc.	0.00%	356,600	$3M	added+26%	0.00 pp	8 q
KNXKnight-Swift Transportation Holdings Inc. Class A	0.00%	81,700	$4M	new	0.00 pp	new
KRThe Kroger Co.	0.00%	25,000	$1M	held	—	5 q
LM05Liberty Media Corp-liberty-a	0.00%	22,400	$1M	new	0.00 pp	new
MSGSMadison Square Garden Sports Corp.	0.00%	6,773	$1M	held	—	12 q
MQMarqeta, Inc. Class A	0.00%	125,200	$764,972	trimmed−37%	0.00 pp	6 q
MTLSMaterialise NV	0.00%	155,000	$1M	trimmed−39%	0.00 pp	13 q
MREOMereo BioPharma Group plc	0.00%	297,230	$222,922	trimmed−6%	0.00 pp	13 q
AVOMission Produce, Inc.	0.00%	43,280	$502,914	trimmed−6%	0.00 pp	9 q
NNBRNN Inc	0.00%	1,500,851	$2M	trimmed−32%	0.00 pp	13 q
NBIXNeurocrine Biosciences Inc	0.00%	5,100	$609,144	new	0.00 pp	new
MASS908 Devices Inc.	0.00%	26,870	$204,749	trimmed−2%	0.00 pp	9 q
NOKNokia Corporation	0.00%	500,000	$2M	held	—	13 q
NUVANuVasive, Inc.	0.00%	74,300	$3M	trimmed−44%	−0.01 pp	13 q
OSUROraSure Technologies Inc	0.00%	807,720	$4M	trimmed−11%	0.00 pp	13 q
PBHPrestige Consumer Healthcare Inc.	0.00%	31,400	$2M	held	—	13 q
RNGRingcentral, Inc.	0.00%	12,350	$437,190	held	—	12 q
SAFESafehold Inc.	0.00%	53,600	$2M	held	—	9 q
SG7Sage Therapeutics Inc	0.00%	64,600	$2M	trimmed−17%	0.00 pp	5 q
AXONSio Gene Therapies Inc	0.00%	12,000	$5,220	trimmed−23%	0.00 pp	13 q
SNAPSnap Inc.	0.00%	136,550	$1M	held	—	11 q
SAVEQSpirit Airlines, Inc.	0.00%	234,800	$5M	trimmed−13%	0.00 pp	13 q
SNCYSun Country Airlines Holdings, Inc.	0.00%	100,105	$2M	added+37%	0.00 pp	8 q
TENBTenable Holdings, Inc.	0.00%	47,050	$2M	added0%	0.00 pp	4 q
TUEMQTuesday Morning Crp New	0.00%	29,666	$20,321	new	0.00 pp	new
TSPHCreateai Holdings Inc A	0.00%	32,000	$52,480	trimmed−71%	0.00 pp	7 q
WSCWillScot Holdings Corporation Class A	0.00%	48,400	$2M	trimmed−30%	0.00 pp	11 q
ZIMVZimVie Inc.	0.00%	353,337	$3M	trimmed−2%	0.00 pp	4 q
BIOXBioceres Crop Solutions Corp.	0.00%	66,119	$795,414	trimmed−47%	0.00 pp	2 q
CRDOCredo Technology Group Holding Ltd	0.00%	72,800	$968,968	added×3.0	0.00 pp	3 q
GANGan Ltd	0.00%	1,519,285	$2M	trimmed−17%	0.00 pp	11 q
ABMDAbiomed Inc	—	−1,506,272	—	exited	−0.36 pp	—
PNRPentair plc	—	−667,100	—	exited	−0.03 pp	—
SAICScience Applications International Corporation	—	−115,900	—	exited	−0.01 pp	—
TWTRTwitter, Inc.	—	−160,700	—	exited	−0.01 pp	—
CECelanese Corporation	—	−8,000	—	exited	0.00 pp	—
CRNCCerence Inc.	—	−190,125	—	exited	0.00 pp	—
unresolvedOlink Hldg AB	—	−29,500	—	exited	0.00 pp	—
unresolvedTuesday Morning Corp	—	−1,067,000	—	exited	0.00 pp	—
unresolved2U Inc	—	−75,000	—	exited	0.00 pp	—
VRNSVaronis Systems, Inc.	—	−46,340	—	exited	0.00 pp	—