PRIMECAP

Q2 2024 13F · by Joel Fried, portfolio manager

As of: Jun 30, 2024
Filed: Aug 9, 2024
US stock: $138.1B · prev $134.1B
Positions: 332 · 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%

Moves303 since the prior filing

+0.3 pp in · −0.3 pp out

New 8 +0.77 pp
Added 96 −0.42 pp
Trimmed 188 +0.65 pp
Exited 11 −0.93 pp

The book

Focused · behaves like 34 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 9.5% a year, about 10.6 years per position

Low
Moderate
High

Top 5 positions26% of US stock

LLY Eli Lilly & Co. trimmed+0.53 pp trimmed+0.5312.9%
MU Micron Technology, Inc. trimmed+0.25 pp trimmed+0.253.6%
KLAC KLA Corporation trimmed+0.28 pp trimmed+0.283.3%
AMGN Amgen Inc trimmed+0.17 pp trimmed+0.173.3%
MSFT Microsoft Corp trimmed+0.04 pp trimmed+0.043.3%

Positions332 in this filing · 11 exited


LLYEli Lilly & Co.	12.86%	19,618,082	$17.8B	trimmed−8%	+0.53 pp	19 q
MUMicron Technology, Inc.	3.56%	37,425,361	$4.9B	trimmed−0%	+0.25 pp	19 q
KLACKLA Corporation	3.29%	5,515,689	$4.5B	trimmed−5%	+0.28 pp	19 q
AMGNAmgen Inc	3.27%	14,447,127	$4.5B	trimmed−1%	+0.17 pp	19 q
MSFTMicrosoft Corp	3.25%	10,043,580	$4.5B	trimmed−2%	+0.04 pp	19 q
FDXFedEx Corporation	2.78%	12,789,420	$3.8B	trimmed−1%	−0.01 pp	19 q
BIIBBiogen Inc.	2.74%	16,338,294	$3.8B	added+1%	+0.13 pp	19 q
GOOGLAlphabet Inc. Class A	2.49%	18,903,240	$3.4B	trimmed−1%	+0.33 pp	19 q
AZNNAstrazeneca Plc-spons ADR	2.41%	42,597,235	$3.3B	trimmed−1%	+0.24 pp	19 q
ADBEAdobe Inc.	2.31%	5,735,711	$3.2B	trimmed−2%	+0.10 pp	19 q
TXNTexas Instruments Incorporated	2.16%	15,341,904	$3.0B	trimmed−1%	+0.14 pp	19 q
BSXBoston Scientific Corp.	2.12%	37,959,061	$2.9B	added0%	+0.18 pp	19 q
NVDANvidia Corp	1.94%	21,669,980	$2.7B	trimmed−6%	+0.38 pp	19 q
INTCIntel Corp	1.74%	77,822,587	$2.4B	added+2%	−0.77 pp	19 q
GOOGAlphabet Inc. Class C	1.66%	12,527,940	$2.3B	trimmed−1%	+0.22 pp	19 q
WFCWells Fargo & Co.	1.60%	37,202,871	$2.2B	trimmed−12%	−0.23 pp	19 q
SONYSony Group Corporation	1.32%	21,491,973	$1.8B	trimmed−1%	−0.07 pp	19 q
ORCLOracle Corp	1.31%	12,848,720	$1.8B	trimmed−2%	+0.08 pp	19 q
NTAPNetApp, Inc	1.29%	13,786,774	$1.8B	trimmed−5%	+0.15 pp	19 q
TSLATesla, Inc.	1.26%	8,823,200	$1.7B	trimmed−2%	+0.07 pp	19 q
BABAAlibaba Group Holding Limited	1.14%	21,870,987	$1.6B	added+5%	+0.02 pp	19 q
BMRNBioMarin Pharmaceuticals Inc	1.12%	18,790,085	$1.5B	added0%	−0.10 pp	19 q
ROSTRoss Stores Inc	1.12%	10,650,717	$1.5B	trimmed−1%	−0.05 pp	19 q
RJFRaymond James Financial, Inc.	1.08%	12,085,582	$1.5B	trimmed−0%	−0.08 pp	19 q
TMOThermo Fisher Scientific, Inc.	1.07%	2,666,937	$1.5B	trimmed−3%	−0.13 pp	19 q
LUVSouthwest Airlines Co.	1.03%	49,908,845	$1.4B	trimmed−1%	−0.06 pp	19 q
TJXTJX Companies, Inc. (The)	0.99%	12,450,867	$1.4B	trimmed−4%	+0.01 pp	19 q
FLEXFlex Ltd.	0.95%	44,285,974	$1.3B	trimmed−3%	−0.03 pp	19 q
NVSNovartis AG	0.94%	12,179,345	$1.3B	trimmed−2%	+0.04 pp	19 q
HESHess Corporation	0.86%	8,098,012	$1.2B	added+4%	−0.02 pp	19 q
UALUnited Airlines Holdings, Inc.	0.84%	23,729,342	$1.2B	added0%	−0.01 pp	19 q
ACMAecom	0.83%	13,021,913	$1.1B	trimmed−3%	−0.15 pp	19 q
JPMJPMorgan Chase & Co.	0.82%	5,582,865	$1.1B	added+8%	+0.05 pp	19 q
INTUIntuit Inc	0.80%	1,672,781	$1.1B	trimmed−2%	−0.02 pp	19 q
DALDelta Air Lines, Inc.	0.77%	22,434,223	$1.1B	trimmed−1%	−0.04 pp	19 q
VVISA Inc.	0.77%	4,047,195	$1.1B	trimmed−0%	−0.07 pp	19 q
BIDUBaidu, Inc.	0.75%	11,947,706	$1.0B	added+17%	−0.05 pp	19 q
BMYBristol-Myers Squibb Co.	0.71%	23,498,604	$976M	added+1%	−0.23 pp	19 q
XOMExxon Mobil Corp	0.71%	8,514,677	$980M	new	+0.71 pp	new
QCOMQualcomm Inc	0.71%	4,949,643	$986M	trimmed−3%	+0.06 pp	19 q
AMZNAmazon.Com Inc	0.61%	4,360,250	$843M	added0%	+0.03 pp	19 q
ADIAnalog Devices, Inc.	0.60%	3,602,310	$822M	trimmed−1%	+0.06 pp	19 q
HPQHP Inc.	0.57%	22,451,096	$786M	added+6%	+0.09 pp	19 q
JJacobs Solutions Inc.	0.56%	5,582,222	$780M	trimmed−6%	−0.12 pp	8 q
RCLRoyal Caribbean Group	0.56%	4,874,443	$777M	trimmed−3%	+0.04 pp	19 q
ELANElanco Animal Health Incorporated	0.55%	52,802,763	$762M	trimmed−0%	−0.09 pp	19 q
ONCBeOne Medicines Ltd.	0.52%	4,986,289	$711M	trimmed−0%	−0.06 pp	19 q
AMATApplied Materials Inc	0.49%	2,855,183	$674M	trimmed−5%	+0.03 pp	19 q
HPEHewlett Packard Enterprise Company	0.49%	31,775,271	$673M	trimmed−1%	+0.07 pp	19 q
AALAmerican Airlines Group Inc.	0.47%	56,881,356	$644M	added+34%	−0.01 pp	19 q
DISThe Walt Disney Company	0.47%	6,497,724	$645M	trimmed−0%	−0.13 pp	19 q
TDGTransDigm Group Incorporated	0.47%	512,294	$655M	held	—	19 q
MATMattel, Inc.	0.45%	38,528,182	$626M	trimmed−3%	−0.13 pp	19 q
MRSHMarsh	0.44%	2,871,716	$605M	trimmed−0%	0.00 pp	19 q
NTRSNorthern Trust Corp	0.43%	7,046,757	$592M	added+4%	−0.02 pp	19 q
ASMLASML Holding NV	0.42%	572,509	$586M	trimmed−1%	0.00 pp	17 q
GSKGSK plc	0.40%	14,511,390	$559M	added+14%	−0.01 pp	8 q
ZBHZimmer Biomet Holdings, Inc.	0.40%	5,054,590	$549M	trimmed−0%	−0.10 pp	19 q
CATCaterpillar Inc.	0.39%	1,622,727	$541M	trimmed−6%	−0.08 pp	19 q
WHRWhirlpool Corp.	0.36%	4,858,250	$497M	added+2%	−0.07 pp	19 q
AAPLApple Inc.	0.34%	2,250,800	$474M	added+19%	+0.10 pp	19 q
TXTTextron, Inc.	0.33%	5,310,725	$456M	trimmed−1%	−0.05 pp	19 q
BACBank of America Corporation	0.30%	10,344,132	$411M	trimmed−5%	−0.01 pp	19 q
KMXCarMax Inc.	0.29%	5,411,784	$397M	trimmed−2%	−0.07 pp	19 q
ENTGEntegris Inc	0.29%	2,955,532	$400M	trimmed−1%	−0.02 pp	19 q
JBLJabil Inc.	0.29%	3,682,875	$401M	added+3%	−0.07 pp	19 q
UPSUnited Parcel Service, Inc. Class B	0.29%	2,893,315	$396M	trimmed−0%	−0.03 pp	19 q
OLEDUniversal Display Corp	0.29%	1,895,017	$398M	added0%	+0.05 pp	19 q
BNTXBioNTech SE	0.28%	4,789,518	$385M	trimmed−0%	−0.05 pp	19 q
NXTNextpower Inc.	0.27%	7,990,923	$375M	trimmed−3%	−0.07 pp	6 q
ALBAlbemarle Corporation	0.26%	3,813,054	$364M	added+2%	−0.11 pp	19 q
CMECME Group Inc.	0.26%	1,803,043	$354M	added0%	−0.03 pp	19 q
METAMeta Platforms, Inc. Class A	0.26%	706,450	$356M	added+3%	+0.01 pp	19 q
UNPUnion Pacific Corp.	0.26%	1,604,170	$363M	trimmed−1%	−0.04 pp	19 q
EOGEOG Resources, Inc.	0.25%	2,757,629	$347M	trimmed−2%	−0.02 pp	19 q
COPConocoPhillips	0.24%	2,902,005	$332M	added+6%	−0.02 pp	2 q
GLWCorning Incorporated	0.24%	8,562,019	$333M	trimmed−2%	+0.03 pp	19 q
LIVNLivaNova PLC	0.24%	5,981,200	$328M	added+1%	−0.01 pp	19 q
SYYSysco Corporation	0.23%	4,373,485	$312M	added+37%	+0.04 pp	14 q
DLTRDollar Tree Inc.	0.22%	2,872,460	$307M	added+50%	+0.03 pp	17 q
ERICEricsson	0.22%	48,272,499	$298M	trimmed−2%	+0.02 pp	19 q
PGRProgressive Corporation	0.22%	1,432,280	$297M	trimmed−2%	0.00 pp	19 q
RYTMRhythm Pharmaceuticals, Inc.	0.22%	7,312,391	$300M	trimmed−6%	−0.03 pp	19 q
TERTeradyne, Inc.	0.22%	2,038,485	$302M	trimmed−1%	+0.05 pp	19 q
RIGTransocean LTD.	0.22%	56,119,489	$300M	added+1%	−0.04 pp	19 q
PYPLPayPal Holdings, Inc.	0.21%	4,946,460	$287M	added×2.8	+0.12 pp	19 q
CSCOCisco Systems, Inc. (DE)	0.20%	5,801,409	$276M	trimmed−3%	−0.02 pp	19 q
MKTXMarketAxess Holdings Inc.	0.19%	1,330,880	$267M	added+18%	+0.01 pp	19 q
TRMBTrimble Inc.	0.19%	4,683,866	$262M	trimmed−5%	−0.05 pp	19 q
AAgilent Technologies Inc.	0.18%	1,956,571	$254M	trimmed−2%	−0.04 pp	19 q
CWCurtiss-Wright Corp.	0.18%	900,480	$244M	trimmed−8%	−0.01 pp	19 q
ILMNIllumina Inc	0.18%	2,428,760	$254M	added×5.6	+0.14 pp	19 q
GDGeneral Dynamics Corporation	0.17%	806,450	$234M	trimmed−4%	−0.01 pp	19 q
NTNXNutanix, Inc. Class A	0.17%	4,192,393	$238M	trimmed−7%	−0.04 pp	19 q
BBWIBath & Body Works, Inc.	0.16%	5,536,855	$216M	trimmed−1%	−0.05 pp	19 q
CCitigroup Inc.	0.16%	3,573,345	$227M	trimmed−2%	−0.01 pp	19 q
DSGXDescartes Systems Group Inc	0.16%	2,238,553	$217M	trimmed−2%	0.00 pp	19 q
DDDuPont de Nemours, Inc.	0.16%	2,675,163	$215M	trimmed−1%	+0.01 pp	19 q
CVSCvs Health Corporation	0.14%	3,362,305	$199M	trimmed−1%	−0.06 pp	19 q
FORMFormFactor Inc.	0.13%	2,876,614	$174M	trimmed−5%	+0.03 pp	19 q
MAMastercard Incorporated	0.13%	419,400	$185M	held	—	19 q
NFENew Fortress Energy Inc. Class A	0.13%	8,026,130	$176M	added+74%	+0.02 pp	16 q
OTISOtis Worldwide Corporation	0.13%	1,813,291	$175M	trimmed−4%	−0.01 pp	17 q
PANWPalo Alto Networks, Inc.	0.13%	516,100	$175M	added+1%	+0.02 pp	19 q
PINSPinterest, Inc. Class A	0.13%	4,084,050	$180M	trimmed−0%	+0.02 pp	19 q
ADSKAutodesk Inc	0.12%	655,900	$162M	added+8%	0.00 pp	19 q
EWEdwards Lifesciences Corp	0.12%	1,811,000	$167M	trimmed−5%	−0.02 pp	19 q
FCXFreeport-McMoran Inc.	0.12%	3,333,400	$162M	trimmed−0%	0.00 pp	15 q
TWTradeweb Markets Inc. Class A	0.12%	1,602,510	$170M	added+1%	0.00 pp	19 q
XNCRXencor, Inc.	0.12%	9,116,202	$173M	added0%	−0.03 pp	19 q
ALKAlaska Air Group, Inc.	0.11%	3,862,547	$156M	held	—	19 q
AVGOBroadcom Inc.	0.11%	95,428	$153M	added+61%	+0.05 pp	3 q
CARRCarrier Global Corporation	0.11%	2,449,791	$155M	trimmed−20%	−0.02 pp	17 q
MSMorgan Stanley	0.11%	1,505,901	$146M	trimmed−4%	0.00 pp	15 q
SYKStryker Corporation	0.11%	447,500	$152M	added0%	−0.01 pp	19 q
ACLSAxcelis Technologies Inc	0.10%	989,796	$141M	trimmed−2%	+0.02 pp	19 q
BURLBurlington Stores, Inc.	0.10%	597,600	$143M	trimmed−2%	−0.01 pp	19 q
GKOSGlaukos Corporation	0.10%	1,220,815	$144M	added+44%	+0.04 pp	19 q
WOLFWolfspeed, Inc.	0.10%	6,045,310	$138M	added+15%	−0.02 pp	11 q
CCLCarnival Corporation Ltd.	0.09%	6,283,978	$118M	trimmed−1%	+0.01 pp	19 q
EBAYeBay Inc	0.09%	2,293,010	$123M	trimmed−1%	0.00 pp	19 q
EVREvercore Inc.	0.09%	604,550	$126M	added+1%	0.00 pp	11 q
GSGoldman Sachs Group Inc.	0.09%	261,150	$118M	held	—	15 q
MRVLMarvell Technology, Inc.	0.09%	1,802,700	$126M	added+99%	+0.04 pp	6 q
OKTAOkta, Inc. Class A	0.09%	1,356,216	$127M	added+1%	−0.01 pp	18 q
CRMSalesforce, Inc.	0.09%	508,600	$131M	added+65%	+0.02 pp	19 q
TMUST-Mobile US, Inc.	0.09%	705,699	$124M	trimmed−1%	0.00 pp	19 q
XPEVXPeng Inc.	0.09%	16,421,385	$120M	added+6%	0.00 pp	16 q
CPRICapri Holdings Limited	0.09%	3,624,792	$120M	trimmed−5%	−0.04 pp	19 q
LINLinde plc	0.09%	276,000	$121M	held	—	6 q
EAElectronic Arts Inc	0.08%	744,770	$104M	trimmed−9%	0.00 pp	19 q
FISFidelity National Information Services, Inc.	0.08%	1,536,900	$116M	trimmed−13%	−0.02 pp	14 q
JBHTJB Hunt Transport Services Inc	0.08%	648,500	$104M	held	—	8 q
PODDInsulet Corporation	0.08%	579,678	$117M	trimmed−6%	0.00 pp	19 q
NFLXNetFlix Inc	0.08%	162,490	$110M	trimmed−1%	+0.01 pp	9 q
PFGCPerformance Food Group Company	0.08%	1,625,280	$107M	added×3.2	+0.05 pp	3 q
ABTAbbott Laboratories	0.07%	930,926	$97M	trimmed−1%	−0.01 pp	19 q
ARMArm Holdings plc	0.07%	594,590	$97M	trimmed−24%	0.00 pp	4 q
DFSDiscover Financial Services	0.07%	766,213	$100M	trimmed−40%	−0.05 pp	19 q
DOWDow Inc.	0.07%	1,731,029	$92M	trimmed−1%	−0.01 pp	19 q
INDIindie Semiconductor, Inc. Class A	0.07%	15,779,119	$97M	added+94%	+0.03 pp	12 q
KEYSKeysight Technologies, Inc.	0.07%	745,125	$102M	trimmed−2%	−0.02 pp	19 q
NWLNewell Brands Inc.	0.07%	14,049,064	$90M	added+18%	0.00 pp	19 q
NSCNorfolk Southern Corp.	0.07%	464,800	$100M	added+6%	−0.01 pp	19 q
RVTYRevvity, Inc.	0.07%	966,745	$101M	trimmed−2%	−0.01 pp	19 q
UBERUber Technologies, Inc.	0.07%	1,304,200	$95M	trimmed−1%	−0.01 pp	17 q
WDCWestern Digital Corp.	0.07%	1,196,125	$91M	trimmed−6%	+0.01 pp	19 q
BJBJs Wholesale Club Holdings, Inc.	0.06%	867,700	$76M	trimmed−1%	+0.01 pp	19 q
BBBlackBerry Limited	0.06%	33,330,110	$83M	trimmed−4%	−0.01 pp	19 q
CSXCSX Corporation	0.06%	2,330,400	$78M	trimmed−7%	−0.01 pp	19 q
CTRACoterra Energy Inc.	0.06%	3,318,490	$89M	trimmed−0%	−0.01 pp	19 q
CTVACorteva, Inc.	0.06%	1,586,370	$86M	trimmed−1%	−0.01 pp	19 q
CRWDCrowdStrike Holdings, Inc. Class A	0.06%	199,955	$77M	trimmed−1%	+0.01 pp	19 q
LYFTLyft, Inc. Class A	0.06%	6,256,080	$88M	added+2%	−0.03 pp	19 q
SCHWThe Charles Schwab Corporation	0.06%	1,058,735	$78M	trimmed−1%	0.00 pp	19 q
XMTRXometry, Inc. Class A	0.06%	6,804,988	$79M	added+1%	−0.02 pp	13 q
ALKSAlkermes Inc. plc	0.06%	3,385,795	$82M	trimmed−3%	−0.01 pp	19 q
ARLOArlo Technologies, Inc.	0.05%	5,009,531	$65M	trimmed−2%	0.00 pp	19 q
CCJCameco Corporation	0.05%	1,353,200	$67M	trimmed−0%	+0.01 pp	19 q
CHTRCharter Comm Inc Del CL A New	0.05%	239,850	$72M	held	—	19 q
IMCRImmunocore Holdings plc	0.05%	1,951,070	$66M	added×39.4	+0.05 pp	2 q
IQVIQVIA Holdings Inc.	0.05%	325,176	$69M	added0%	−0.01 pp	18 q
LPLALPL Financial Holdings Inc.	0.05%	234,400	$65M	held	—	18 q
LYVLive Nation Entertainment Inc.	0.05%	803,150	$75M	trimmed−1%	−0.01 pp	16 q
MARMarriott International Class A	0.05%	297,900	$72M	trimmed−4%	−0.01 pp	19 q
ROKRockwell Automation, Inc.	0.05%	261,770	$72M	trimmed−0%	−0.01 pp	19 q
WEXWEX Inc.	0.05%	414,323	$73M	trimmed−6%	−0.03 pp	14 q
ZMZoom Communications, Inc. Class A	0.05%	1,280,525	$76M	added+20%	0.00 pp	18 q
MDTMedtronic plc	0.05%	870,325	$69M	trimmed−1%	−0.01 pp	19 q
NVTnVent Electric plc	0.05%	859,000	$66M	held	—	19 q
ALCAlcon Inc.	0.05%	791,448	$71M	trimmed−0%	0.00 pp	19 q
AMEAmetek, Inc.	0.04%	352,400	$59M	trimmed−9%	−0.01 pp	18 q
BABoeing Company	0.04%	319,300	$58M	held	—	3 q
CRLCharles River Laboratories International, Inc.	0.04%	273,730	$57M	trimmed−0%	−0.02 pp	19 q
DELLDell Technologies Inc.	0.04%	427,870	$59M	trimmed−1%	0.00 pp	19 q
ITGartner, Inc.	0.04%	110,800	$50M	trimmed−6%	0.00 pp	3 q
HUBSHubspot, Inc.	0.04%	92,450	$55M	added0%	0.00 pp	19 q
IEXIDEX Corporation	0.04%	303,775	$61M	trimmed−6%	−0.02 pp	19 q
LHXL3Harris Technologies, Inc.	0.04%	251,300	$56M	held	—	18 q
MBLYMobileye Global Inc. Class A	0.04%	1,927,804	$54M	trimmed−4%	−0.01 pp	7 q
MOG.AMoog Inc.	0.04%	303,100	$51M	added+24%	+0.01 pp	4 q
NBIXNeurocrine Biosciences Inc	0.04%	409,290	$56M	added+2%	0.00 pp	7 q
OLLIOllie's Bargain Outlet Holdings, Inc.	0.04%	541,000	$53M	trimmed−0%	+0.01 pp	12 q
RYAAYRyanair Holdings plc	0.04%	429,900	$50M	held	—	19 q
SNYSanofi	0.04%	1,117,328	$54M	trimmed−0%	0.00 pp	19 q
SW5Southwestern Energy Co	0.04%	7,986,680	$54M	trimmed−3%	−0.01 pp	19 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.04%	116,464	$59M	added+4%	0.00 pp	17 q
XPOXPO, Inc.	0.04%	551,100	$58M	trimmed−0%	−0.01 pp	14 q
STXSeagate Technology Holdings PLC (Ireland)	0.04%	582,295	$60M	added+7%	0.00 pp	7 q
FTITechnipFMC plc	0.04%	1,891,100	$49M	added+1%	0.00 pp	19 q
MOAltria Group, Inc.	0.03%	967,500	$44M	trimmed−2%	0.00 pp	19 q
BNYBank of New York Mellon Corporation	0.03%	711,500	$43M	added+12%	0.00 pp	6 q
GFLGFL Environmental Inc. Subordinate Voting Shares	0.03%	1,054,200	$41M	held	—	7 q
GTLBGitLab Inc. Class A	0.03%	827,040	$41M	added×3.7	+0.02 pp	11 q
HONHoneywell International, Inc.	0.03%	221,000	$47M	held	—	19 q
MGMMgm Resorts International	0.03%	810,900	$36M	trimmed−0%	0.00 pp	19 q
MXLMaxLinear, Inc.	0.03%	2,285,960	$46M	trimmed−3%	0.00 pp	19 q
OSISOSI Systems Inc	0.03%	280,620	$39M	trimmed−4%	0.00 pp	19 q
LUNGPulmonx Corporation	0.03%	5,709,901	$36M	trimmed−1%	−0.01 pp	15 q
RTXRTX Corporation	0.03%	386,232	$39M	trimmed−4%	0.00 pp	19 q
SLBSLB Limited	0.03%	992,200	$47M	added+1%	−0.01 pp	19 q
TTDThe Trade Desk, Inc.	0.03%	374,100	$37M	trimmed−30%	0.00 pp	6 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.03%	2,232,970	$42M	trimmed−0%	0.00 pp	19 q
ALTRAltair Engineering Inc. Class A	0.02%	344,403	$34M	trimmed−8%	0.00 pp	19 q
AURAurora Innovation, Inc. Class A	0.02%	10,217,700	$28M	added+1%	0.00 pp	11 q
AXONAxon Enterprise, Inc.	0.02%	91,700	$27M	trimmed−4%	0.00 pp	19 q
BBIOBridgeBio Pharma, Inc.	0.02%	926,900	$23M	trimmed−0%	0.00 pp	14 q
CASYCasey's General Stores Inc	0.02%	63,200	$24M	new	+0.02 pp	new
DEDeere & Company	0.02%	86,580	$32M	trimmed−0%	−0.01 pp	19 q
DOCUDocuSign, Inc.	0.02%	452,450	$24M	added+22%	0.00 pp	2 q
EXKExact Sciences Corp	0.02%	496,300	$21M	added+4%	0.00 pp	19 q
FLYWFlywire Corporation Voting	0.02%	1,962,633	$32M	added×3.5	+0.01 pp	9 q
GRALGRAIL, Inc.	0.02%	1,865,276	$29M	new	+0.02 pp	new
KEYKeyCorp	0.02%	2,328,500	$33M	held	—	4 q
KEXKirby Corporation	0.02%	282,100	$34M	trimmed−11%	0.00 pp	15 q
LOWLowe's Companies Inc.	0.02%	125,000	$28M	trimmed−17%	−0.01 pp	14 q
SPHRSphere Entertainment Co.	0.02%	619,828	$22M	trimmed−1%	0.00 pp	5 q
RXORXO, Inc.	0.02%	1,020,900	$27M	added+21%	+0.01 pp	7 q
SAIASaia, Inc.	0.02%	70,600	$33M	added+15%	−0.01 pp	9 q
TPRTapestry, Inc.	0.02%	675,575	$29M	added+2%	0.00 pp	3 q
ULTAUlta Beauty, Inc.	0.02%	66,400	$26M	trimmed−2%	−0.01 pp	19 q
VLOValero Energy Corporation	0.02%	217,265	$34M	trimmed−34%	−0.02 pp	15 q
VSXYVictorias Secret & Co.	0.02%	1,787,373	$32M	trimmed−17%	−0.01 pp	12 q
WATWaters Corp	0.02%	98,859	$29M	added+7%	0.00 pp	15 q
WSCWillScot Holdings Corporation Class A	0.02%	878,500	$33M	added+17%	−0.01 pp	17 q
CRDOCredo Technology Group Holding Ltd	0.02%	806,600	$26M	trimmed−4%	+0.01 pp	9 q
SSYSStratasys Inc (ISRAEL)	0.02%	2,673,299	$22M	trimmed−1%	0.00 pp	19 q
ALLOAllogene Therapeutics, Inc.	0.01%	5,670,226	$13M	added+4%	−0.01 pp	15 q
OPTUOptimum Communications, Inc.	0.01%	4,870,800	$10M	held	—	18 q
AMHAmerican Homes 4 Rent	0.01%	333,380	$12M	trimmed−14%	0.00 pp	17 q
AM6Amicus Therapeutics Inc	0.01%	1,052,500	$10M	trimmed−4%	0.00 pp	19 q
ARRYArray Technologies, Inc.	0.01%	902,700	$9M	added+3%	0.00 pp	9 q
BOOTBoot Barn Holdings, Inc.	0.01%	63,500	$8M	trimmed−3%	+0.01 pp	19 q
CERSCerus Corp	0.01%	8,584,000	$15M	held	—	19 q
GTLSChart Inds Inc	0.01%	99,300	$14M	new	+0.01 pp	new
CMCSAComcast Corp	0.01%	345,800	$14M	held	—	19 q
DHRDanaher Corporation	0.01%	66,937	$17M	added+3%	0.00 pp	13 q
DGDollar General Corp.	0.01%	126,550	$17M	added+35%	0.00 pp	11 q
DASHDoorDash, Inc. Class A	0.01%	130,570	$14M	added+3%	0.00 pp	15 q
FGENKyntra Bio, Inc.	0.01%	13,655,948	$12M	trimmed−5%	−0.02 pp	19 q
GXOGXO Logistics, Inc.	0.01%	227,400	$11M	added+7%	0.00 pp	12 q
LKFTLakefront Biotherapeutics	0.01%	720,240	$18M	added+1%	−0.01 pp	6 q
ROCKGibraltar Industries, Inc.	0.01%	102,300	$7M	held	—	19 q
GFFGriffon Corp	0.01%	238,100	$15M	added+6%	0.00 pp	5 q
HCATHealth Catalyst, Inc	0.01%	2,379,462	$15M	added+15%	0.00 pp	17 q
HUMHumana Inc.	0.01%	37,495	$14M	added+22%	0.00 pp	13 q
IBTAIbotta, Inc.	0.01%	122,830	$9M	new	+0.01 pp	new
IMAXImax Corp	0.01%	950,300	$16M	trimmed−3%	0.00 pp	19 q
IRBTiRobot Corporation	0.01%	1,472,063	$13M	trimmed−1%	0.00 pp	19 q
JBLUJetBlue Airways Corp	0.01%	3,204,000	$20M	trimmed−1%	−0.01 pp	19 q
KNXKnight-Swift Transportation Holdings Inc. Class A	0.01%	183,200	$9M	added+7%	0.00 pp	7 q
LVSLas Vegas Sands Corp.	0.01%	224,100	$10M	held	—	19 q
MATXMatsons, Inc.	0.01%	87,550	$11M	trimmed−49%	0.00 pp	19 q
MCDMcDonald's Corporation	0.01%	41,100	$10M	held	—	19 q
MRKMerck & Co., Inc.	0.01%	72,800	$9M	trimmed−4%	0.00 pp	19 q
MDBMongoDB, Inc. Class A	0.01%	70,700	$18M	added+5%	−0.01 pp	16 q
NMIHNMI Holdings Inc.	0.01%	437,010	$15M	trimmed−5%	0.00 pp	19 q
NKTRNektar Therapeutics	0.01%	6,020,453	$7M	trimmed−14%	+0.01 pp	19 q
ODFLOld Dominion Freight Line	0.01%	49,300	$9M	trimmed−6%	0.00 pp	19 q
PENPenumbra, Inc.	0.01%	39,930	$7M	trimmed−7%	0.00 pp	19 q
PMPhilip Morris International Inc.	0.01%	69,000	$7M	trimmed−5%	+0.01 pp	19 q
PROPros Holdings, Inc.	0.01%	293,570	$8M	trimmed−2%	0.00 pp	19 q
QSRRestaurant Brands International Inc.	0.01%	119,300	$8M	trimmed−11%	0.00 pp	19 q
TSNTyson Foods, Inc.	0.01%	337,100	$19M	added0%	0.00 pp	19 q
UUnity Software Inc.	0.01%	758,453	$12M	added+14%	0.00 pp	16 q
GTMZoomInfo Technologies Inc	0.01%	1,298,269	$17M	added×2.5	0.00 pp	17 q
TROXTronox Limited Cl A	0.01%	1,311,700	$21M	added+1%	−0.01 pp	4 q
9900123DPerimeter Solutions SA	0.01%	1,865,311	$15M	trimmed−2%	0.00 pp	11 q
CYBRCyberark Software LTD/ISRAEL	0.01%	61,850	$17M	added0%	0.00 pp	19 q
WVEWave Life Sciences Ltd.	0.01%	2,664,216	$13M	trimmed−7%	0.00 pp	19 q
ARAYAccuray Incorporated	0.00%	174,700	$317,954	trimmed−2%	0.00 pp	19 q
ADPTAdaptive Biotechnologies Corporation	0.00%	146,190	$529,208	held	—	18 q
ALGTAllegiant Travel Company	0.00%	41,150	$2M	trimmed−2%	0.00 pp	19 q
ANETArista Networks	0.00%	4,200	$1M	trimmed−41%	0.00 pp	19 q
LUCKLucky Strike Entertainment Corporation	0.00%	326,900	$5M	held	—	4 q
EATBrinker International, Inc.	0.00%	41,300	$3M	trimmed−31%	0.00 pp	13 q
CBOECboe Global Markets, Inc.	0.00%	10,200	$2M	trimmed−16%	0.00 pp	19 q
CIENCiena Corporation	0.00%	122,500	$6M	trimmed−3%	0.00 pp	17 q
ENOVEnovis Corporation	0.00%	85,300	$4M	trimmed−4%	0.00 pp	9 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	52,700	$335,172	held	—	19 q
DECKDeckers Outdoor Corp	0.00%	5,344	$5M	trimmed−16%	0.00 pp	7 q
DUOLDuolingo, Inc. Class A	0.00%	5,350	$1M	added+43%	0.00 pp	6 q
EPREPR Properties	0.00%	131,900	$6M	trimmed−1%	0.00 pp	17 q
ESABESAB Corporation	0.00%	11,967	$1M	trimmed−87%	−0.01 pp	9 q
ETSYEtsy, Inc.	0.00%	82,000	$5M	trimmed−29%	−0.01 pp	4 q
FIVEFive Below, Inc.	0.00%	10,900	$1M	trimmed−9%	0.00 pp	19 q
LABStandard BioTools Inc.	0.00%	3,008,643	$5M	trimmed−0%	−0.01 pp	19 q
FTNTFortinet, Inc.	0.00%	69,450	$4M	held	—	6 q
ULCCFrontier Group Holdings, Inc.	0.00%	266,600	$1M	held	—	13 q
GILGildan Activewear Inc.	0.00%	97,000	$4M	trimmed−2%	0.00 pp	19 q
GMEDGlobus Medical Inc	0.00%	47,525	$3M	trimmed−4%	0.00 pp	4 q
GEF.BGreif, Inc. Class B	0.00%	24,000	$1M	held	—	19 q
GRWGGrow Generation Corp	0.00%	1,159,900	$2M	held	—	10 q
GHGuardant Health, Inc.	0.00%	66,176	$2M	held	—	16 q
HLNHaleon plc	0.00%	548,000	$5M	trimmed−1%	0.00 pp	8 q
HTZHertz Global Holdings, Inc	0.00%	349,800	$1M	held	—	10 q
IMNMImmunome, Inc.	0.00%	268,800	$3M	added+26%	0.00 pp	2 q
NGVTIngevity Corporation	0.00%	69,000	$3M	held	—	19 q
IEIvanhoe Electric Inc.	0.00%	425,800	$4M	held	—	4 q
JAMFJamf Holding Corp.	0.00%	48,000	$792,000	trimmed−54%	0.00 pp	13 q
JELDJELD-WEN Holding, Inc.	0.00%	312,300	$4M	trimmed−8%	−0.01 pp	14 q
LICYQLi-cycle Holdings Corp	0.00%	410,025	$3M	held	—	12 q
unresolvedLeslies Inc	0.00%	976,800	$4M	held	—	11 q
LOARLoar Holdings Inc.	0.00%	19,400	$1M	new	0.00 pp	new
MSGEMadison Square Garden Entertainment Corp.	0.00%	76,100	$3M	trimmed−1%	0.00 pp	5 q
MQMarqeta, Inc. Class A	0.00%	484,673	$3M	added+7%	0.00 pp	12 q
MREOMereo BioPharma Group plc	0.00%	54,000	$194,400	held	—	19 q
NNBRNN Inc	0.00%	345,300	$1M	trimmed−2%	0.00 pp	19 q
NICENICE Ltd	0.00%	2,000	$343,940	new	0.00 pp	new
MASS908 Devices Inc.	0.00%	24,830	$127,874	trimmed−8%	0.00 pp	15 q
LASRnLIGHT, Inc.	0.00%	264,539	$3M	trimmed−0%	0.00 pp	19 q
NRIXNurix Therapeutics, Inc.	0.00%	290,000	$6M	added+4%	0.00 pp	2 q
OMCLOmnicell Inc	0.00%	110,769	$3M	trimmed−9%	0.00 pp	14 q
OSUROraSure Technologies Inc	0.00%	719,550	$3M	trimmed−3%	0.00 pp	19 q
RMBSRambus Inc	0.00%	103,600	$6M	trimmed−19%	−0.01 pp	19 q
RPDRapid7, Inc.	0.00%	97,830	$4M	trimmed−31%	−0.01 pp	19 q
RGENRepligen Corp	0.00%	54,729	$7M	trimmed−6%	−0.01 pp	13 q
RNGRingcentral, Inc.	0.00%	54,000	$2M	added×2.7	0.00 pp	18 q
RIVNRivian Automotive, Inc. Class A	0.00%	312,260	$4M	trimmed−7%	0.00 pp	11 q
RBLXRoblox Corporation	0.00%	50,300	$2M	held	—	12 q
SSTKShutterstock, Inc.	0.00%	99,800	$4M	held	—	5 q
SNAPSnap Inc.	0.00%	123,750	$2M	held	—	17 q
SNCYSun Country Airlines Holdings, Inc.	0.00%	157,115	$2M	added+61%	0.00 pp	14 q
TXG10x Genomics, Inc. Class A	0.00%	186,800	$4M	added×2.4	0.00 pp	4 q
USFDUS Foods Holding Corp.	0.00%	117,099	$6M	new	0.00 pp	new
VLTOVeralto Corporation	0.00%	9,667	$922,908	trimmed−64%	0.00 pp	3 q
ZIMVZimVie Inc.	0.00%	34,860	$636,195	trimmed−14%	0.00 pp	10 q
ZNTLZentalis Pharmaceuticals, Inc.	0.00%	1,232,340	$5M	added+6%	−0.01 pp	17 q
AMBAAmbarella, Inc.	0.00%	30,100	$2M	trimmed−4%	0.00 pp	16 q
BIOXBioceres Crop Solutions Corp.	0.00%	39,700	$445,037	held	—	8 q
MURAMural Oncology PLC	0.00%	235,551	$739,630	trimmed−5%	0.00 pp	3 q
PRTAProthena Corporation plc	0.00%	36,500	$753,360	held	—	2 q
PXDPioneer Natural Resource Co.	—	−4,342,556	—	exited	−0.85 pp	—
SWAVShockwave Medical, Inc.	—	−276,770	—	exited	−0.07 pp	—
AMKAssetMark Financial Holdings, Inc.	—	−275,700	—	exited	−0.01 pp	—
AMLXAmylyx Pharmaceuticals, Inc.	—	−10,000	—	exited	0.00 pp	—
BEBloom Energy Corporation	—	−49,600	—	exited	0.00 pp	—
DRIDarden Restaurants, Inc.	—	−8,000	—	exited	0.00 pp	—
FRSHFreshworks Inc. Class A	—	−108,500	—	exited	0.00 pp	—
DOORMasonite International Corp	—	−7,000	—	exited	0.00 pp	—
SAFESafehold Inc.	—	−53,600	—	exited	0.00 pp	—
SAVEQSpirit Airlines, Inc.	—	−22,700	—	exited	0.00 pp	—
TENBTenable Holdings, Inc.	—	−108,900	—	exited	0.00 pp	—