PRIMECAP

Q3 2023 13F · by Joel Fried, portfolio manager

As of: Sep 30, 2023
Filed: Nov 13, 2023
US stock: $118.5B · prev $119.7B
Positions: 331 · prev 328
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%

Moves283 since the prior filing

+0.6 pp in · −0.6 pp out

New 10 +0.10 pp
Added 59 +0.52 pp
Trimmed 207 −0.56 pp
Exited 7 −0.03 pp

The book

Diversified · behaves like 43 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 2.0% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions23% of US stock

Positions331 in this filing · 7 exited


LLYEli Lilly & Co.	10.46%	23,063,536	$12.4B	trimmed−2%	+1.23 pp	16 q
BIIBBiogen Inc.	3.47%	16,012,566	$4.1B	trimmed−0%	−0.34 pp	16 q
AMGNAmgen Inc	3.34%	14,732,458	$4.0B	trimmed−0%	+0.61 pp	16 q
FDXFedEx Corporation	2.92%	13,077,757	$3.5B	trimmed−1%	+0.19 pp	16 q
MSFTMicrosoft Corp	2.79%	10,466,247	$3.3B	trimmed−1%	−0.22 pp	16 q
ADBEAdobe Inc.	2.60%	6,047,568	$3.1B	trimmed−1%	+0.10 pp	16 q
AZNNAstrazeneca Plc-spons ADR	2.51%	43,889,365	$3.0B	trimmed−0%	−0.13 pp	16 q
KLACKLA Corporation	2.33%	6,008,094	$2.8B	trimmed−1%	−0.14 pp	16 q
INTCIntel Corp	2.24%	74,762,291	$2.7B	added+6%	+0.27 pp	16 q
MUMicron Technology, Inc.	2.16%	37,638,901	$2.6B	trimmed−1%	+0.16 pp	16 q
GOOGLAlphabet Inc. Class A	2.14%	19,416,340	$2.5B	trimmed−1%	+0.18 pp	16 q
TXNTexas Instruments Incorporated	2.12%	15,803,920	$2.5B	trimmed−1%	−0.28 pp	16 q
TSLATesla, Inc.	1.93%	9,137,275	$2.3B	trimmed−1%	−0.08 pp	16 q
BSXBoston Scientific Corp.	1.66%	37,355,169	$2.0B	trimmed−0%	−0.03 pp	16 q
SONYSony Group Corporation	1.58%	22,674,113	$1.9B	trimmed−1%	−0.14 pp	16 q
WFCWells Fargo & Co.	1.51%	43,708,380	$1.8B	trimmed−2%	−0.07 pp	16 q
GOOGAlphabet Inc. Class C	1.44%	12,900,950	$1.7B	trimmed−1%	+0.12 pp	16 q
BMRNBioMarin Pharmaceuticals Inc	1.37%	18,406,539	$1.6B	added0%	+0.04 pp	16 q
SPLKSplunk Inc	1.36%	11,051,468	$1.6B	trimmed−1%	+0.37 pp	16 q
TMOThermo Fisher Scientific, Inc.	1.29%	3,025,992	$1.5B	trimmed−2%	−0.05 pp	16 q
BABAAlibaba Group Holding Limited	1.27%	17,343,272	$1.5B	trimmed−0%	+0.06 pp	16 q
NVSNovartis AG	1.25%	14,595,152	$1.5B	trimmed−3%	−0.02 pp	16 q
ORCLOracle Corp	1.17%	13,139,041	$1.4B	trimmed−1%	−0.15 pp	16 q
LUVSouthwest Airlines Co.	1.14%	49,796,547	$1.3B	trimmed−1%	−0.37 pp	16 q
SGENSeagen Inc.	1.12%	6,261,798	$1.3B	added+4%	+0.15 pp	16 q
RJFRaymond James Financial, Inc.	1.07%	12,569,127	$1.3B	trimmed−1%	−0.03 pp	16 q
BIDUBaidu, Inc.	1.05%	9,270,554	$1.2B	trimmed−0%	−0.01 pp	16 q
HESHess Corporation	1.05%	8,106,835	$1.2B	trimmed−0%	+0.13 pp	16 q
FLEXFlex Ltd.	1.05%	46,100,384	$1.2B	trimmed−2%	−0.04 pp	16 q
ROSTRoss Stores Inc	1.04%	10,912,149	$1.2B	trimmed−1%	+0.01 pp	16 q
ACMAecom	1.02%	14,585,379	$1.2B	trimmed−3%	−0.04 pp	16 q
TJXTJX Companies, Inc. (The)	1.02%	13,567,648	$1.2B	trimmed−0%	+0.05 pp	16 q
BMYBristol-Myers Squibb Co.	1.01%	20,536,150	$1.2B	trimmed−2%	−0.11 pp	16 q
NTAPNetApp, Inc	0.98%	15,240,814	$1.2B	trimmed−2%	−0.01 pp	16 q
NVDANvidia Corp	0.95%	2,588,195	$1.1B	trimmed−0%	+0.03 pp	16 q
PXDPioneer Natural Resource Co.	0.94%	4,846,356	$1.1B	trimmed−1%	+0.09 pp	16 q
UALUnited Airlines Holdings, Inc.	0.84%	23,469,434	$993M	trimmed−0%	−0.24 pp	16 q
VVISA Inc.	0.78%	4,040,331	$929M	trimmed−1%	−0.03 pp	16 q
MATMattel, Inc.	0.77%	41,616,789	$917M	trimmed−1%	+0.08 pp	16 q
ONCBeOne Medicines Ltd.	0.76%	5,008,739	$901M	trimmed−0%	+0.01 pp	16 q
INTUIntuit Inc	0.76%	1,757,486	$898M	trimmed−2%	+0.07 pp	16 q
JJacobs Solutions Inc.	0.72%	6,224,627	$850M	trimmed−2%	+0.09 pp	5 q
DALDelta Air Lines, Inc.	0.69%	22,249,768	$823M	trimmed−0%	−0.20 pp	16 q
JPMJPMorgan Chase & Co.	0.65%	5,348,946	$776M	trimmed−1%	−0.01 pp	16 q
ADIAnalog Devices, Inc.	0.55%	3,702,785	$648M	trimmed−1%	−0.06 pp	16 q
QCOMQualcomm Inc	0.55%	5,892,497	$654M	trimmed−1%	−0.04 pp	16 q
WHRWhirlpool Corp.	0.53%	4,703,306	$629M	trimmed−0%	−0.06 pp	16 q
HPEHewlett Packard Enterprise Company	0.48%	32,720,856	$568M	trimmed−1%	+0.02 pp	16 q
RCLRoyal Caribbean Group	0.48%	6,191,861	$571M	trimmed−1%	−0.06 pp	16 q
ELANElanco Animal Health Incorporated	0.47%	49,168,659	$553M	added0%	+0.06 pp	16 q
MRSHMarsh	0.47%	2,932,594	$558M	trimmed−1%	0.00 pp	16 q
AMZNAmazon.Com Inc	0.46%	4,308,350	$548M	added0%	−0.01 pp	16 q
HPQHP Inc.	0.45%	20,766,675	$534M	trimmed−1%	−0.09 pp	16 q
ZBHZimmer Biomet Holdings, Inc.	0.44%	4,602,427	$516M	trimmed−5%	−0.15 pp	16 q
CATCaterpillar Inc.	0.43%	1,850,970	$505M	trimmed−1%	+0.05 pp	16 q
BNTXBioNTech SE	0.42%	4,631,963	$503M	trimmed−1%	0.00 pp	16 q
DISThe Walt Disney Company	0.41%	6,041,777	$490M	added+7%	−0.01 pp	16 q
JBLJabil Inc.	0.41%	3,871,250	$491M	trimmed−1%	+0.06 pp	16 q
AALAmerican Airlines Group Inc.	0.40%	37,171,066	$476M	trimmed−0%	−0.16 pp	16 q
AMATApplied Materials Inc	0.39%	3,372,412	$467M	trimmed−10%	−0.06 pp	16 q
NTRSNorthern Trust Corp	0.38%	6,497,047	$451M	added+4%	−0.01 pp	16 q
TDGTransDigm Group Incorporated	0.38%	527,044	$444M	added0%	−0.01 pp	16 q
UPSUnited Parcel Service, Inc. Class B	0.38%	2,914,391	$454M	trimmed−1%	−0.06 pp	16 q
GSKGSK plc	0.37%	12,058,770	$437M	added+2%	+0.02 pp	5 q
AIYActivision Blizzard Inc	0.36%	4,618,105	$432M	trimmed−8%	+0.01 pp	16 q
TXTTextron, Inc.	0.36%	5,394,200	$422M	added+10%	+0.08 pp	16 q
KMXCarMax Inc.	0.34%	5,705,751	$404M	trimmed−2%	−0.07 pp	16 q
ALBAlbemarle Corporation	0.32%	2,230,955	$379M	added+6%	−0.07 pp	16 q
BACBank of America Corporation	0.32%	13,668,806	$374M	trimmed−1%	−0.01 pp	16 q
CSCOCisco Systems, Inc. (DE)	0.32%	7,044,690	$379M	trimmed−1%	+0.01 pp	16 q
RIGTransocean LTD.	0.32%	45,531,389	$374M	added0%	+0.05 pp	16 q
CMECME Group Inc.	0.31%	1,808,830	$362M	trimmed−1%	+0.03 pp	16 q
EOGEOG Resources, Inc.	0.30%	2,809,129	$356M	trimmed−1%	+0.03 pp	16 q
ASMLASML Holding NV	0.30%	594,279	$350M	trimmed−2%	−0.07 pp	14 q
AAPLApple Inc.	0.28%	1,927,800	$330M	trimmed−0%	−0.03 pp	16 q
UNPUnion Pacific Corp.	0.28%	1,629,200	$332M	trimmed−1%	0.00 pp	16 q
OLEDUniversal Display Corp	0.27%	2,016,689	$317M	trimmed−1%	+0.02 pp	16 q
LIVNLivaNova PLC	0.26%	5,785,360	$306M	added+7%	+0.03 pp	16 q
ABTAbbott Laboratories	0.24%	2,935,854	$284M	trimmed−1%	−0.03 pp	16 q
ENTGEntegris Inc	0.24%	2,992,544	$281M	trimmed−0%	−0.04 pp	16 q
GLWCorning Incorporated	0.23%	8,764,719	$267M	trimmed−1%	−0.03 pp	16 q
ERICEricsson	0.23%	54,905,971	$267M	trimmed−1%	−0.02 pp	16 q
CARRCarrier Global Corporation	0.22%	4,816,362	$266M	trimmed−1%	+0.02 pp	14 q
TRMBTrimble Inc.	0.22%	4,836,351	$260M	trimmed−1%	0.00 pp	16 q
AAgilent Technologies Inc.	0.20%	2,096,801	$234M	trimmed−2%	−0.02 pp	16 q
CVSCvs Health Corporation	0.20%	3,427,145	$239M	trimmed−2%	0.00 pp	16 q
MKTXMarketAxess Holdings Inc.	0.20%	1,118,220	$239M	added+1%	−0.04 pp	16 q
CPRICapri Holdings Limited	0.20%	4,434,003	$233M	trimmed−8%	+0.06 pp	16 q
DDDuPont de Nemours, Inc.	0.18%	2,831,360	$211M	trimmed−1%	+0.01 pp	16 q
MSMorgan Stanley	0.18%	2,543,213	$208M	trimmed−3%	−0.01 pp	12 q
XPEVXPeng Inc.	0.18%	11,872,897	$218M	trimmed−2%	+0.04 pp	13 q
CWCurtiss-Wright Corp.	0.17%	1,039,100	$203M	trimmed−3%	0.00 pp	16 q
METAMeta Platforms, Inc. Class A	0.17%	668,925	$201M	trimmed−24%	−0.04 pp	16 q
PGRProgressive Corporation	0.17%	1,467,320	$204M	trimmed−0%	+0.01 pp	16 q
BBWIBath & Body Works, Inc.	0.16%	5,618,075	$190M	trimmed−1%	−0.02 pp	16 q
DSGXDescartes Systems Group Inc	0.16%	2,564,453	$188M	trimmed−4%	−0.02 pp	16 q
GDGeneral Dynamics Corporation	0.16%	852,440	$188M	trimmed−3%	0.00 pp	16 q
GSGoldman Sachs Group Inc.	0.16%	593,750	$192M	trimmed−1%	0.00 pp	12 q
NTNXNutanix, Inc. Class A	0.16%	5,448,193	$190M	trimmed−1%	+0.03 pp	16 q
RYTMRhythm Pharmaceuticals, Inc.	0.16%	8,267,421	$190M	trimmed−0%	+0.05 pp	16 q
MARMarriott International Class A	0.15%	877,600	$173M	trimmed−0%	+0.02 pp	16 q
ACLSAxcelis Technologies Inc	0.14%	1,045,976	$171M	trimmed−3%	−0.03 pp	16 q
BBBlackBerry Limited	0.14%	34,986,522	$165M	trimmed−0%	−0.02 pp	16 q
MAMastercard Incorporated	0.14%	420,900	$167M	trimmed−1%	0.00 pp	16 q
XNCRXencor, Inc.	0.14%	8,184,206	$165M	added+6%	−0.02 pp	16 q
CCitigroup Inc.	0.13%	3,811,946	$157M	trimmed−2%	−0.02 pp	16 q
DFSDiscover Financial Services	0.13%	1,828,939	$158M	trimmed−1%	−0.05 pp	16 q
DLTRDollar Tree Inc.	0.13%	1,500,585	$160M	trimmed−3%	−0.05 pp	14 q
ALKAlaska Air Group, Inc.	0.12%	3,880,247	$144M	trimmed−0%	−0.05 pp	16 q
OTISOtis Worldwide Corporation	0.12%	1,699,041	$136M	trimmed−0%	−0.01 pp	14 q
SYYSysco Corporation	0.12%	2,158,250	$143M	added+2%	−0.01 pp	11 q
TERTeradyne, Inc.	0.12%	1,448,630	$146M	trimmed−1%	−0.02 pp	16 q
ADSKAutodesk Inc	0.11%	650,400	$135M	held	—	16 q
EWEdwards Lifesciences Corp	0.11%	1,936,000	$134M	held	—	16 q
PINSPinterest, Inc. Class A	0.11%	4,735,900	$128M	held	—	16 q
TWTradeweb Markets Inc. Class A	0.11%	1,588,775	$127M	added0%	+0.02 pp	16 q
FCXFreeport-McMoran Inc.	0.10%	3,274,900	$122M	added0%	−0.01 pp	12 q
JBHTJB Hunt Transport Services Inc	0.10%	654,200	$123M	held	—	5 q
PANWPalo Alto Networks, Inc.	0.10%	510,540	$120M	trimmed−1%	−0.01 pp	16 q
RVTYRevvity, Inc.	0.10%	1,044,940	$116M	trimmed−5%	−0.01 pp	16 q
SYKStryker Corporation	0.10%	420,100	$115M	held	—	16 q
XMTRXometry, Inc. Class A	0.10%	6,631,211	$113M	added+6%	−0.01 pp	10 q
CSXCSX Corporation	0.09%	3,299,600	$101M	added+3%	0.00 pp	16 q
CHTRCharter Comm Inc Del CL A New	0.09%	239,850	$105M	trimmed−0%	+0.02 pp	16 q
EBAYeBay Inc	0.09%	2,348,220	$104M	trimmed−0%	0.00 pp	16 q
EAElectronic Arts Inc	0.09%	843,125	$102M	trimmed−0%	0.00 pp	16 q
FISFidelity National Information Services, Inc.	0.09%	1,840,700	$102M	trimmed−47%	−0.07 pp	11 q
FORMFormFactor Inc.	0.09%	3,037,574	$106M	trimmed−1%	0.00 pp	16 q
PODDInsulet Corporation	0.09%	683,198	$109M	trimmed−4%	−0.08 pp	16 q
KEYSKeysight Technologies, Inc.	0.09%	780,300	$103M	trimmed−7%	−0.03 pp	16 q
PYPLPayPal Holdings, Inc.	0.09%	1,742,150	$102M	trimmed−1%	−0.01 pp	16 q
VLOValero Energy Corporation	0.09%	742,670	$105M	trimmed−5%	+0.01 pp	12 q
WDCWestern Digital Corp.	0.09%	2,279,369	$104M	trimmed−0%	+0.02 pp	16 q
ALKSAlkermes Inc. plc	0.09%	3,882,230	$109M	trimmed−6%	−0.02 pp	16 q
LINLinde plc	0.09%	276,000	$103M	added0%	0.00 pp	3 q
CTRACoterra Energy Inc.	0.08%	3,696,550	$100M	trimmed−2%	0.00 pp	16 q
DOWDow Inc.	0.08%	1,862,200	$96M	trimmed−2%	0.00 pp	16 q
EVREvercore Inc.	0.08%	656,880	$91M	trimmed−1%	+0.01 pp	8 q
QSRRestaurant Brands International Inc.	0.08%	1,498,900	$100M	held	—	16 q
TMUST-Mobile US, Inc.	0.08%	716,219	$100M	trimmed−5%	−0.01 pp	16 q
WEXWEX Inc.	0.08%	475,090	$89M	trimmed−5%	0.00 pp	11 q
BURLBurlington Stores, Inc.	0.07%	622,200	$84M	trimmed−1%	−0.01 pp	16 q
CCLCarnival Corporation Ltd.	0.07%	6,381,478	$88M	trimmed−3%	−0.03 pp	16 q
CTVACorteva, Inc.	0.07%	1,691,248	$87M	trimmed−2%	−0.01 pp	16 q
HLTHilton Worldwide Holdings Inc.	0.07%	563,565	$85M	held	—	16 q
MBLYMobileye Global Inc. Class A	0.07%	2,011,730	$84M	trimmed−0%	+0.01 pp	4 q
AMEAmetek, Inc.	0.06%	470,900	$70M	trimmed−6%	−0.01 pp	15 q
IEXIDEX Corporation	0.06%	333,170	$69M	trimmed−1%	0.00 pp	16 q
IRBTiRobot Corporation	0.06%	1,793,755	$68M	trimmed−2%	−0.01 pp	16 q
LYVLive Nation Entertainment Inc.	0.06%	821,330	$68M	trimmed−1%	0.00 pp	13 q
LYFTLyft, Inc. Class A	0.06%	6,195,745	$65M	trimmed−1%	+0.01 pp	16 q
MCDMcDonald's Corporation	0.06%	291,600	$77M	held	—	16 q
ROKRockwell Automation, Inc.	0.06%	263,020	$75M	trimmed−0%	−0.01 pp	16 q
SCHWThe Charles Schwab Corporation	0.06%	1,269,408	$70M	trimmed−1%	0.00 pp	16 q
VMWVMware, Inc	0.06%	446,403	$74M	trimmed−6%	0.00 pp	16 q
WOLFWolfspeed, Inc.	0.06%	1,876,794	$72M	trimmed−1%	−0.03 pp	8 q
MDTMedtronic plc	0.06%	880,290	$69M	trimmed−1%	−0.01 pp	16 q
BJBJs Wholesale Club Holdings, Inc.	0.05%	879,300	$63M	added+8%	+0.01 pp	16 q
CCJCameco Corporation	0.05%	1,427,900	$57M	trimmed−1%	+0.01 pp	16 q
CRLCharles River Laboratories International, Inc.	0.05%	273,930	$54M	trimmed−0%	0.00 pp	16 q
DHRDanaher Corporation	0.05%	249,737	$62M	trimmed−1%	0.00 pp	10 q
ILMNIllumina Inc	0.05%	417,065	$57M	trimmed−9%	−0.02 pp	16 q
IQVIQVIA Holdings Inc.	0.05%	312,376	$61M	added0%	−0.01 pp	15 q
MXLMaxLinear, Inc.	0.05%	2,531,650	$56M	trimmed−4%	−0.02 pp	16 q
NFLXNetFlix Inc	0.05%	169,290	$64M	added0%	−0.01 pp	6 q
NWLNewell Brands Inc.	0.05%	6,302,300	$57M	added+36%	+0.02 pp	16 q
OKTAOkta, Inc. Class A	0.05%	664,866	$54M	added+7%	+0.01 pp	15 q
LUNGPulmonx Corporation	0.05%	5,522,401	$57M	added0%	−0.01 pp	12 q
CRMSalesforce, Inc.	0.05%	308,900	$63M	trimmed−2%	−0.01 pp	16 q
SNYSanofi	0.05%	1,126,990	$60M	trimmed−0%	0.00 pp	16 q
SLBSLB Limited	0.05%	965,000	$56M	held	—	16 q
SWAVShockwave Medical, Inc.	0.05%	280,670	$56M	trimmed−2%	−0.02 pp	13 q
SW5Southwestern Energy Co	0.05%	8,913,500	$57M	trimmed−3%	0.00 pp	16 q
UBERUber Technologies, Inc.	0.05%	1,375,550	$63M	trimmed−1%	0.00 pp	14 q
XPOXPO, Inc.	0.05%	729,900	$54M	held	—	11 q
ALCAlcon Inc.	0.05%	794,755	$61M	trimmed−0%	0.00 pp	16 q
MOAltria Group, Inc.	0.04%	1,066,300	$45M	trimmed−1%	0.00 pp	16 q
ARMArm Holdings plc	0.04%	973,000	$52M	new	+0.04 pp	new
ARLOArlo Technologies, Inc.	0.04%	4,729,300	$49M	added+1%	0.00 pp	16 q
GKOSGlaukos Corporation	0.04%	638,620	$48M	added+3%	0.00 pp	16 q
HUBSHubspot, Inc.	0.04%	93,750	$46M	trimmed−4%	0.00 pp	16 q
LHXL3Harris Technologies, Inc.	0.04%	251,300	$44M	held	—	15 q
NBIXNeurocrine Biosciences Inc	0.04%	391,585	$44M	trimmed−0%	+0.01 pp	4 q
NXTNextpower Inc.	0.04%	1,131,465	$45M	trimmed−3%	0.00 pp	3 q
NSCNorfolk Southern Corp.	0.04%	229,700	$45M	trimmed−1%	0.00 pp	16 q
OLLIOllie's Bargain Outlet Holdings, Inc.	0.04%	545,270	$42M	trimmed−0%	+0.01 pp	9 q
RYAAYRyanair Holdings plc	0.04%	515,300	$50M	held	—	16 q
TTDThe Trade Desk, Inc.	0.04%	573,700	$45M	trimmed−10%	0.00 pp	3 q
NVTnVent Electric plc	0.04%	859,000	$46M	trimmed−0%	0.00 pp	16 q
CRWDCrowdStrike Holdings, Inc. Class A	0.03%	202,085	$34M	trimmed−0%	+0.01 pp	16 q
DEDeere & Company	0.03%	94,550	$36M	trimmed−6%	0.00 pp	16 q
DELLDell Technologies Inc.	0.03%	437,900	$30M	trimmed−0%	+0.01 pp	16 q
EXKExact Sciences Corp	0.03%	479,300	$33M	held	—	16 q
GFLGFL Environmental Inc. Subordinate Voting Shares	0.03%	984,700	$31M	added+3%	0.00 pp	4 q
HONHoneywell International, Inc.	0.03%	221,000	$41M	trimmed−0%	−0.01 pp	16 q
LPLALPL Financial Holdings Inc.	0.03%	150,000	$36M	held	—	15 q
LOWLowe's Companies Inc.	0.03%	150,000	$31M	held	—	11 q
MGMMgm Resorts International	0.03%	820,600	$30M	held	—	16 q
MRVLMarvell Technology, Inc.	0.03%	714,300	$39M	added+1%	−0.01 pp	3 q
OSISOSI Systems Inc	0.03%	278,990	$33M	trimmed−4%	0.00 pp	16 q
VSXYVictorias Secret & Co.	0.03%	2,376,566	$40M	trimmed−1%	−0.01 pp	9 q
ZMZoom Communications, Inc. Class A	0.03%	530,750	$37M	added+5%	0.00 pp	15 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.03%	2,296,070	$38M	trimmed−1%	−0.01 pp	16 q
FTITechnipFMC plc	0.03%	1,842,200	$37M	added+2%	0.00 pp	16 q
SSYSStratasys Inc (ISRAEL)	0.03%	2,997,499	$41M	trimmed−2%	−0.02 pp	16 q
ALTRAltair Engineering Inc. Class A	0.02%	424,150	$27M	trimmed−12%	−0.01 pp	16 q
AURAurora Innovation, Inc. Class A	0.02%	10,212,700	$24M	trimmed−0%	−0.01 pp	8 q
AXONAxon Enterprise, Inc.	0.02%	117,800	$23M	held	—	16 q
BNYBank of New York Mellon Corporation	0.02%	636,800	$27M	held	—	3 q
BBIOBridgeBio Pharma, Inc.	0.02%	938,700	$25M	added+35%	+0.01 pp	11 q
LKFTLakefront Biotherapeutics	0.02%	669,677	$23M	added+1%	0.00 pp	3 q
HUMHumana Inc.	0.02%	38,795	$19M	added+24%	+0.01 pp	10 q
IMAXImax Corp	0.02%	1,046,100	$20M	trimmed−1%	+0.01 pp	16 q
INDIindie Semiconductor, Inc. Class A	0.02%	4,193,300	$26M	added+39%	0.00 pp	9 q
JBLUJetBlue Airways Corp	0.02%	4,942,000	$23M	trimmed−0%	−0.02 pp	16 q
KEYKeyCorp	0.02%	2,187,600	$24M	new	+0.02 pp	new
KEXKirby Corporation	0.02%	347,700	$29M	trimmed−2%	0.00 pp	12 q
LVSLas Vegas Sands Corp.	0.02%	456,900	$21M	held	—	16 q
MSGEMadison Square Garden Entertainment Corp.	0.02%	573,028	$19M	trimmed−0%	0.00 pp	2 q
SPHRSphere Entertainment Co.	0.02%	623,028	$23M	trimmed−0%	+0.01 pp	2 q
MATXMatsons, Inc.	0.02%	239,462	$21M	trimmed−26%	0.00 pp	16 q
MDBMongoDB, Inc. Class A	0.02%	70,900	$25M	trimmed−5%	−0.01 pp	13 q
MOG.AMoog Inc.	0.02%	233,700	$26M	new	+0.02 pp	new
ODFLOld Dominion Freight Line	0.02%	61,850	$25M	trimmed−7%	0.00 pp	16 q
RTXRTX Corporation	0.02%	403,132	$29M	trimmed−0%	−0.01 pp	16 q
SAIASaia, Inc.	0.02%	59,300	$24M	held	—	6 q
ULTAUlta Beauty, Inc.	0.02%	68,160	$27M	trimmed−1%	−0.01 pp	16 q
UUnity Software Inc.	0.02%	666,727	$21M	trimmed−1%	0.00 pp	13 q
WATWaters Corp	0.02%	97,659	$27M	added+11%	0.00 pp	12 q
WSCWillScot Holdings Corporation Class A	0.02%	679,400	$28M	added+7%	−0.01 pp	14 q
ZNTLZentalis Pharmaceuticals, Inc.	0.02%	1,033,750	$21M	trimmed−7%	−0.01 pp	14 q
STXSeagate Technology Holdings PLC (Ireland)	0.02%	280,700	$19M	added+2%	+0.01 pp	4 q
WVEWave Life Sciences Ltd.	0.02%	3,780,508	$22M	trimmed−1%	+0.01 pp	16 q
ALLOAllogene Therapeutics, Inc.	0.01%	5,284,386	$17M	trimmed−6%	−0.01 pp	12 q
OPTUOptimum Communications, Inc.	0.01%	5,285,000	$17M	held	—	15 q
AMHAmerican Homes 4 Rent	0.01%	476,050	$16M	trimmed−7%	−0.01 pp	14 q
AM6Amicus Therapeutics Inc	0.01%	1,094,200	$13M	held	—	16 q
ARRYArray Technologies, Inc.	0.01%	760,700	$17M	held	—	6 q
AMKAssetMark Financial Holdings, Inc.	0.01%	251,700	$6M	held	—	9 q
EATBrinker International, Inc.	0.01%	408,500	$13M	trimmed−19%	−0.01 pp	10 q
CERSCerus Corp	0.01%	8,613,000	$14M	held	—	16 q
ENOVEnovis Corporation	0.01%	143,066	$8M	held	—	6 q
CMCSAComcast Corp	0.01%	345,800	$15M	held	—	16 q
DGDollar General Corp.	0.01%	60,750	$6M	trimmed−7%	0.00 pp	8 q
DASHDoorDash, Inc. Class A	0.01%	126,170	$10M	trimmed−1%	0.00 pp	12 q
ESABESAB Corporation	0.01%	132,565	$9M	held	—	6 q
ETSYEtsy, Inc.	0.01%	139,800	$9M	new	+0.01 pp	new
FGENKyntra Bio, Inc.	0.01%	14,724,968	$13M	added+8%	−0.02 pp	16 q
LABStandard BioTools Inc.	0.01%	3,083,080	$9M	trimmed−4%	0.00 pp	16 q
GXOGXO Logistics, Inc.	0.01%	232,400	$14M	held	—	9 q
ROCKGibraltar Industries, Inc.	0.01%	113,700	$8M	trimmed−29%	0.00 pp	16 q
GFFGriffon Corp	0.01%	221,700	$9M	added+33%	0.00 pp	2 q
HCATHealth Catalyst, Inc	0.01%	1,120,438	$11M	added+86%	0.00 pp	14 q
KNXKnight-Swift Transportation Holdings Inc. Class A	0.01%	151,700	$8M	added+13%	0.00 pp	4 q
LICYLi-cycle Holdings Corp	0.01%	3,189,400	$11M	added+18%	0.00 pp	9 q
DOORMasonite International Corp	0.01%	173,900	$16M	trimmed−0%	0.00 pp	15 q
MRKMerck & Co., Inc.	0.01%	93,000	$10M	trimmed−3%	0.00 pp	16 q
NMIHNMI Holdings Inc.	0.01%	476,600	$13M	trimmed−18%	0.00 pp	16 q
NFENew Fortress Energy Inc. Class A	0.01%	526,500	$17M	added+6%	0.00 pp	13 q
PENPenumbra, Inc.	0.01%	43,160	$10M	trimmed−0%	0.00 pp	16 q
PMPhilip Morris International Inc.	0.01%	87,300	$8M	trimmed−34%	0.00 pp	16 q
PROPros Holdings, Inc.	0.01%	305,100	$11M	trimmed−1%	0.00 pp	16 q
RXORXO, Inc.	0.01%	818,500	$16M	added+5%	0.00 pp	4 q
RMBSRambus Inc	0.01%	166,163	$9M	trimmed−15%	0.00 pp	16 q
RPDRapid7, Inc.	0.01%	187,050	$9M	trimmed−1%	0.00 pp	16 q
RGENRepligen Corp	0.01%	50,629	$8M	added+7%	0.00 pp	10 q
RIVNRivian Automotive, Inc. Class A	0.01%	339,200	$8M	held	—	8 q
RBLXRoblox Corporation	0.01%	223,150	$6M	trimmed−13%	0.00 pp	9 q
TSNTyson Foods, Inc.	0.01%	347,500	$18M	held	—	16 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	20,014	$10M	added+5%	0.00 pp	14 q
GTMZoomInfo Technologies Inc	0.01%	424,419	$7M	added+9%	0.00 pp	14 q
CRDOCredo Technology Group Holding Ltd	0.01%	848,600	$13M	held	—	6 q
TROXTronox Limited Cl A	0.01%	1,144,200	$15M	new	+0.01 pp	new
9900123DPerimeter Solutions SA	0.01%	1,977,651	$9M	trimmed−0%	0.00 pp	8 q
CYBRCyberark Software LTD/ISRAEL	0.01%	61,550	$10M	trimmed−0%	0.00 pp	16 q
ARAYAccuray Incorporated	0.00%	180,800	$491,776	held	—	16 q
ADPTAdaptive Biotechnologies Corporation	0.00%	146,190	$796,736	held	—	15 q
ALGTAllegiant Travel Company	0.00%	41,950	$3M	trimmed−5%	0.00 pp	16 q
AMLXAmylyx Pharmaceuticals, Inc.	0.00%	304,900	$6M	new	0.00 pp	new
ANETArista Networks	0.00%	7,150	$1M	held	—	16 q
AWIArmstrong World Industries, Inc.	0.00%	3,200	$230,400	held	—	16 q
BEBloom Energy Corporation	0.00%	49,600	$657,696	held	—	16 q
BOOTBoot Barn Holdings, Inc.	0.00%	65,830	$5M	trimmed−2%	0.00 pp	16 q
LUCKLucky Strike Entertainment Corporation	0.00%	326,900	$3M	new	0.00 pp	new
CBOECboe Global Markets, Inc.	0.00%	15,100	$2M	trimmed−11%	0.00 pp	16 q
CIENCiena Corporation	0.00%	109,185	$5M	added+5%	0.00 pp	14 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	52,700	$357,833	trimmed−27%	0.00 pp	16 q
DRIDarden Restaurants, Inc.	0.00%	8,000	$1M	held	—	14 q
DECKDeckers Outdoor Corp	0.00%	4,694	$2M	added+2%	0.00 pp	4 q
DUOLDuolingo, Inc. Class A	0.00%	2,350	$389,794	held	—	3 q
EPREPR Properties	0.00%	136,720	$6M	trimmed−2%	−0.01 pp	14 q
FLYWFlywire Corporation Voting	0.00%	19,100	$609,099	added+3%	0.00 pp	6 q
FIVEFive Below, Inc.	0.00%	9,200	$1M	held	—	16 q
FTNTFortinet, Inc.	0.00%	70,450	$4M	held	—	3 q
FRSHFreshworks Inc. Class A	0.00%	123,900	$2M	held	—	8 q
ULCCFrontier Group Holdings, Inc.	0.00%	113,200	$547,888	added+13%	0.00 pp	10 q
GILGildan Activewear Inc.	0.00%	99,000	$3M	trimmed−0%	0.00 pp	16 q
GTLBGitLab Inc. Class A	0.00%	121,990	$6M	trimmed−0%	−0.01 pp	8 q
GMEDGlobus Medical Inc	0.00%	52,425	$3M	new	0.00 pp	new
GEF.BGreif, Inc. Class B	0.00%	24,000	$2M	held	—	16 q
GRWGGrow Generation Corp	0.00%	1,159,900	$3M	held	—	7 q
GHGuardant Health, Inc.	0.00%	119,976	$4M	trimmed−2%	0.00 pp	13 q
HLNHaleon plc	0.00%	551,400	$5M	held	—	5 q
HANHawaiian Holdings Inc	0.00%	144,900	$917,217	trimmed−4%	0.00 pp	16 q
HTZHertz Global Holdings, Inc	0.00%	349,800	$4M	held	—	7 q
IMGNImmunogen Inc	0.00%	273,100	$4M	held	—	16 q
NGVTIngevity Corporation	0.00%	52,000	$2M	added+6%	0.00 pp	16 q
IEIvanhoe Electric Inc.	0.00%	410,798	$5M	new	0.00 pp	new
JAMFJamf Holding Corp.	0.00%	90,900	$2M	trimmed−3%	0.00 pp	10 q
JELDJELD-WEN Holding, Inc.	0.00%	347,300	$5M	trimmed−4%	−0.01 pp	11 q
unresolvedLeslies Inc	0.00%	976,800	$6M	held	—	8 q
MQMarqeta, Inc. Class A	0.00%	300,200	$2M	added+39%	0.00 pp	9 q
MREOMereo BioPharma Group plc	0.00%	79,000	$101,910	trimmed−50%	0.00 pp	16 q
NNBRNN Inc	0.00%	381,400	$709,404	trimmed−2%	0.00 pp	16 q
NKTRNektar Therapeutics	0.00%	7,197,983	$4M	trimmed−12%	0.00 pp	16 q
MASS908 Devices Inc.	0.00%	26,870	$178,954	held	—	12 q
LASRnLIGHT, Inc.	0.00%	271,574	$3M	trimmed−48%	−0.01 pp	16 q
OMCLOmnicell Inc	0.00%	124,707	$6M	held	—	11 q
OSUROraSure Technologies Inc	0.00%	768,920	$5M	trimmed−1%	0.00 pp	16 q
RNGRingcentral, Inc.	0.00%	17,500	$518,525	held	—	15 q
SAFESafehold Inc.	0.00%	53,600	$954,080	held	—	3 q
SG7Sage Therapeutics Inc	0.00%	89,850	$2M	added+41%	0.00 pp	8 q
SSTKShutterstock, Inc.	0.00%	99,800	$4M	added+20%	0.00 pp	2 q
SNAPSnap Inc.	0.00%	133,250	$1M	held	—	14 q
SAVEQSpirit Airlines, Inc.	0.00%	212,700	$4M	trimmed−3%	0.00 pp	16 q
SNCYSun Country Airlines Holdings, Inc.	0.00%	99,905	$1M	held	—	11 q
TENBTenable Holdings, Inc.	0.00%	108,900	$5M	added0%	0.00 pp	7 q
TXG10x Genomics, Inc. Class A	0.00%	30,100	$1M	new	0.00 pp	new
ZIMVZimVie Inc.	0.00%	190,010	$2M	trimmed−5%	0.00 pp	7 q
AMBAAmbarella, Inc.	0.00%	33,100	$2M	held	—	13 q
BIOXBioceres Crop Solutions Corp.	0.00%	40,900	$461,761	trimmed−6%	0.00 pp	5 q
AZOAutoZone, Inc.	—	−2,750	—	exited	−0.01 pp	—
STZConstellation Brands, Inc.	—	−25,700	—	exited	−0.01 pp	—
ORLYO'Reilly Automotive, Inc.	—	−11,000	—	exited	−0.01 pp	—
ABUSArbutus Biopharma Corporation	—	−328,100	—	exited	0.00 pp	—
SCORcomScore, Inc.	—	−743,425	—	exited	0.00 pp	—
NUVANuVasive, Inc.	—	−69,900	—	exited	0.00 pp	—
GANGan Ltd	—	−71,600	—	exited	0.00 pp	—