PRIMECAP

Q1 2026 13F · by Joel Fried, portfolio manager

As of: Mar 31, 2026
Filed: May 11, 2026
US stock: $127.0B · prev $132.1B
Positions: 320 · prev 319
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%

Moves271 since the prior filing

+3.0 pp in · −3.0 pp out

New 9 +2.95 pp
Added 75 +0.02 pp
Trimmed 179 −0.42 pp
Exited 8 −2.59 pp

The book

Diversified · behaves like 52 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 17% a year, about 5.8 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions320 in this filing · 8 exited


LLYEli Lilly & Co.	6.68%	9,223,432	$8.5B	trimmed−0%	−0.86 pp	26 q
MUMicron Technology, Inc.	5.82%	21,874,204	$7.4B	trimmed−12%	+0.46 pp	26 q
GOOGLAlphabet Inc. Class A	3.39%	14,987,459	$4.3B	trimmed−1%	−0.19 pp	26 q
KLACKLA Corporation	2.83%	2,437,647	$3.6B	trimmed−15%	+0.18 pp	26 q
AZNAstraZeneca PLC	2.83%	18,213,708	$3.6B	new	+2.83 pp	new
INTCIntel Corp	2.63%	75,761,968	$3.3B	trimmed−0%	+0.50 pp	26 q
AMGNAmgen Inc	2.46%	8,874,129	$3.1B	trimmed−0%	+0.25 pp	26 q
NVDANvidia Corp	2.36%	17,188,230	$3.0B	trimmed−0%	−0.07 pp	26 q
FDXFedEx Corporation	2.33%	8,303,010	$3.0B	trimmed−2%	+0.47 pp	26 q
BIIBBiogen Inc.	2.13%	14,757,607	$2.7B	trimmed0%	+0.16 pp	26 q
MSFTMicrosoft Corp	2.12%	7,264,560	$2.7B	trimmed−0%	−0.55 pp	26 q
AMZNAmazon.Com Inc	1.99%	12,107,038	$2.5B	trimmed−1%	−0.15 pp	26 q
BABAAlibaba Group Holding Limited	1.85%	18,722,316	$2.3B	trimmed−1%	−0.26 pp	26 q
TSLATesla, Inc.	1.79%	6,125,520	$2.3B	trimmed−3%	−0.36 pp	26 q
SCHWThe Charles Schwab Corporation	1.73%	23,441,915	$2.2B	added+1%	−0.03 pp	26 q
BSXBoston Scientific Corp.	1.61%	32,529,774	$2.0B	added+5%	−0.63 pp	26 q
ROSTRoss Stores Inc	1.56%	9,170,030	$2.0B	trimmed−0%	+0.30 pp	26 q
TXNTexas Instruments Incorporated	1.48%	9,654,766	$1.9B	trimmed−4%	+0.16 pp	26 q
LUVSouthwest Airlines Co.	1.39%	47,069,495	$1.8B	trimmed−1%	−0.09 pp	26 q
FLEXFlex Ltd.	1.31%	25,383,448	$1.7B	trimmed−5%	+0.09 pp	26 q
GOOGAlphabet Inc. Class C	1.29%	5,720,910	$1.6B	trimmed−1%	−0.08 pp	26 q
TJXTJX Companies, Inc. (The)	1.21%	9,588,920	$1.5B	trimmed−2%	+0.08 pp	26 q
COPConocoPhillips	1.20%	11,579,265	$1.5B	added0%	+0.38 pp	9 q
BMYBristol-Myers Squibb Co.	1.19%	24,985,149	$1.5B	added0%	+0.17 pp	26 q
ONCBeOne Medicines Ltd.	1.16%	4,975,181	$1.5B	trimmed−0%	+0.01 pp	26 q
UALUnited Airlines Holdings, Inc.	1.14%	15,750,610	$1.5B	trimmed−1%	−0.21 pp	26 q
GSKGSK plc	1.10%	25,204,538	$1.4B	added0%	+0.17 pp	15 q
RJFRaymond James Financial, Inc.	1.07%	9,347,172	$1.4B	added0%	−0.07 pp	26 q
BIDUBaidu, Inc.	0.97%	11,056,800	$1.2B	trimmed−0%	−0.13 pp	26 q
VVISA Inc.	0.97%	4,060,201	$1.2B	added+1%	−0.09 pp	26 q
SONYSony Group Corporation	0.95%	58,530,830	$1.2B	added0%	−0.18 pp	26 q
DALDelta Air Lines, Inc.	0.92%	17,548,567	$1.2B	trimmed−0%	0.00 pp	26 q
ADBEAdobe Inc.	0.91%	4,730,846	$1.1B	added+29%	−0.06 pp	26 q
NVSNovartis AG	0.91%	7,567,354	$1.2B	trimmed−0%	+0.12 pp	26 q
ELANElanco Animal Health Incorporated	0.86%	45,840,956	$1.1B	trimmed−1%	+0.07 pp	26 q
ADIAnalog Devices, Inc.	0.79%	3,136,089	$998M	trimmed−0%	+0.15 pp	26 q
JPMJPMorgan Chase & Co.	0.79%	3,403,527	$1.0B	trimmed−6%	−0.09 pp	26 q
TMOThermo Fisher Scientific, Inc.	0.77%	1,982,531	$974M	trimmed−4%	−0.13 pp	26 q
NTAPNetApp, Inc	0.73%	9,057,455	$927M	trimmed−0%	−0.01 pp	26 q
NTRSNorthern Trust Corp	0.72%	6,549,037	$914M	trimmed−1%	+0.04 pp	26 q
JBLJabil Inc.	0.69%	3,281,169	$872M	trimmed−2%	+0.11 pp	26 q
ORCLOracle Corp	0.66%	5,674,130	$835M	trimmed−6%	−0.23 pp	26 q
NXTNextpower Inc.	0.64%	6,760,847	$815M	trimmed−3%	+0.18 pp	13 q
BMRNBioMarin Pharmaceuticals Inc	0.63%	14,194,005	$802M	trimmed−2%	−0.02 pp	26 q
ACMAecom	0.58%	8,647,073	$733M	trimmed−0%	−0.05 pp	26 q
RCLRoyal Caribbean Group	0.51%	2,346,921	$646M	trimmed−3%	0.00 pp	26 q
CATCaterpillar Inc.	0.49%	872,260	$618M	trimmed−1%	+0.11 pp	26 q
IEXIDEX Corporation	0.49%	3,302,937	$626M	added+2%	+0.06 pp	26 q
WFCWells Fargo & Co.	0.48%	7,723,102	$615M	trimmed−8%	−0.11 pp	26 q
DISThe Walt Disney Company	0.47%	6,235,127	$601M	trimmed−0%	−0.07 pp	26 q
JJacobs Solutions Inc.	0.45%	4,515,479	$575M	trimmed−0%	0.00 pp	15 q
GLWCorning Incorporated	0.44%	4,134,772	$562M	trimmed−0%	+0.17 pp	26 q
MKTXMarketAxess Holdings Inc.	0.43%	3,347,125	$552M	added+5%	−0.01 pp	26 q
CMECME Group Inc.	0.42%	1,818,718	$537M	trimmed−3%	+0.03 pp	26 q
AALAmerican Airlines Group Inc.	0.41%	48,989,954	$526M	trimmed−0%	−0.16 pp	26 q
ALBAlbemarle Corporation	0.38%	2,664,709	$478M	trimmed−5%	+0.08 pp	26 q
CVXChevron Corporation	0.37%	2,291,577	$474M	trimmed−1%	+0.10 pp	3 q
TDGTransDigm Group Incorporated	0.37%	410,217	$475M	held	—	26 q
ASMLASML Holding NV	0.37%	353,076	$466M	trimmed−1%	+0.08 pp	24 q
INTUIntuit Inc	0.36%	1,071,317	$463M	added+1%	−0.17 pp	26 q
PYPLPayPal Holdings, Inc.	0.36%	10,026,490	$453M	added+23%	0.00 pp	26 q
AAPLApple Inc.	0.35%	1,760,880	$447M	held	—	26 q
METAMeta Platforms, Inc. Class A	0.35%	774,240	$443M	trimmed−2%	−0.04 pp	26 q
LINLinde plc	0.35%	888,520	$440M	trimmed−0%	+0.06 pp	13 q
MATMattel, Inc.	0.34%	29,697,924	$432M	trimmed−0%	−0.11 pp	26 q
ERICEricsson	0.33%	37,504,013	$423M	added+41%	+0.14 pp	26 q
NFLXNetFlix Inc	0.33%	4,411,790	$424M	added+10%	+0.04 pp	16 q
AMATApplied Materials Inc	0.32%	1,174,126	$401M	trimmed−5%	+0.08 pp	26 q
DLTRDollar Tree Inc.	0.32%	3,728,875	$408M	trimmed−3%	−0.04 pp	24 q
HPQHP Inc.	0.32%	21,469,625	$412M	added+22%	+0.02 pp	26 q
HPEHewlett Packard Enterprise Company	0.32%	17,229,080	$410M	trimmed−10%	−0.03 pp	26 q
BAHBooz Allen Hamilton Holding Corporation	0.30%	4,829,798	$377M	added+4%	0.00 pp	5 q
CSCOCisco Systems, Inc. (DE)	0.30%	4,839,160	$375M	trimmed−0%	+0.02 pp	26 q
CWCurtiss-Wright Corp.	0.29%	536,840	$366M	trimmed−5%	+0.05 pp	26 q
ENTGEntegris Inc	0.29%	3,142,833	$368M	trimmed−1%	+0.09 pp	26 q
GKOSGlaukos Corporation	0.29%	3,370,628	$363M	trimmed−0%	0.00 pp	26 q
USFDUS Foods Holding Corp.	0.29%	3,946,310	$364M	added+1%	+0.07 pp	8 q
ZBHZimmer Biomet Holdings, Inc.	0.28%	3,907,150	$353M	trimmed−2%	+0.01 pp	26 q
BNTXBioNTech SE	0.27%	3,793,711	$337M	trimmed−0%	0.00 pp	26 q
SNPSSynopsys Inc	0.26%	822,400	$326M	added+12%	0.00 pp	5 q
AMTMAmentum Holdings, Inc.	0.25%	12,085,294	$315M	trimmed−0%	−0.02 pp	7 q
BNYBank of New York Mellon Corporation	0.24%	2,534,640	$301M	added+1%	+0.02 pp	13 q
FICOFair Isaac Corporation	0.24%	289,047	$309M	added+19%	−0.07 pp	4 q
DHRDanaher Corporation	0.23%	1,556,970	$295M	added+5%	−0.03 pp	20 q
MRVLMarvell Technology, Inc.	0.23%	2,974,705	$295M	added+2%	+0.04 pp	13 q
MAMastercard Incorporated	0.23%	582,171	$291M	added+12%	0.00 pp	26 q
NSCNorfolk Southern Corp.	0.23%	1,033,410	$297M	added+3%	+0.01 pp	26 q
RYTMRhythm Pharmaceuticals, Inc.	0.23%	3,417,509	$297M	trimmed−2%	−0.05 pp	26 q
EWEdwards Lifesciences Corp	0.22%	3,422,791	$274M	added0%	0.00 pp	26 q
CCitigroup Inc.	0.21%	2,390,500	$271M	trimmed−3%	−0.01 pp	26 q
SYYSysco Corporation	0.21%	3,701,838	$264M	added0%	0.00 pp	21 q
XMTRXometry, Inc. Class A	0.21%	6,495,497	$265M	added+14%	−0.05 pp	20 q
LIVNLivaNova PLC	0.21%	4,207,052	$267M	trimmed−0%	+0.01 pp	26 q
BURLBurlington Stores, Inc.	0.20%	792,590	$258M	trimmed−2%	+0.02 pp	26 q
ILMNIllumina Inc	0.20%	2,067,299	$255M	added+4%	0.00 pp	26 q
TRMBTrimble Inc.	0.20%	3,917,861	$256M	trimmed−0%	−0.03 pp	26 q
AVGOBroadcom Inc.	0.18%	743,318	$230M	trimmed−2%	−0.02 pp	10 q
EOGEOG Resources, Inc.	0.18%	1,599,662	$231M	trimmed−1%	+0.05 pp	26 q
PFGCPerformance Food Group Company	0.18%	2,707,798	$232M	added+7%	+0.01 pp	10 q
AMDAdvanced Micro Devices	0.17%	1,049,520	$214M	added+20%	+0.03 pp	4 q
CARRCarrier Global Corporation	0.17%	3,840,205	$216M	added+32%	+0.05 pp	24 q
UPSUnited Parcel Service, Inc. Class B	0.17%	2,146,131	$211M	trimmed−0%	+0.01 pp	26 q
XPEVXPeng Inc.	0.17%	12,732,987	$218M	trimmed−1%	−0.03 pp	23 q
MDBMongoDB, Inc. Class A	0.16%	842,729	$206M	trimmed−1%	−0.11 pp	23 q
PGRProgressive Corporation	0.16%	1,005,390	$199M	trimmed−13%	−0.04 pp	26 q
UNPUnion Pacific Corp.	0.16%	823,240	$200M	trimmed−14%	−0.01 pp	26 q
OLEDUniversal Display Corp	0.16%	2,187,428	$200M	trimmed−0%	−0.03 pp	26 q
WHRWhirlpool Corp.	0.16%	3,746,368	$202M	trimmed−2%	−0.05 pp	26 q
AMEAmetek, Inc.	0.14%	823,154	$176M	held	—	25 q
CVSCvs Health Corporation	0.14%	2,395,130	$172M	trimmed−1%	0.00 pp	26 q
KMXCarMax Inc.	0.14%	4,358,146	$181M	trimmed−0%	+0.01 pp	26 q
DOWDow Inc.	0.14%	4,354,562	$181M	trimmed−2%	+0.06 pp	26 q
FORMFormFactor Inc.	0.14%	1,788,644	$173M	trimmed−14%	+0.05 pp	26 q
SYKStryker Corporation	0.14%	526,672	$173M	added+2%	0.00 pp	26 q
FLUTFlutter Entertainment plc	0.14%	1,786,290	$182M	trimmed−0%	−0.15 pp	5 q
CIENCiena Corporation	0.13%	438,050	$170M	trimmed−14%	+0.04 pp	24 q
EBAYeBay Inc	0.13%	1,877,140	$171M	trimmed−0%	+0.01 pp	26 q
KEYSKeysight Technologies, Inc.	0.13%	590,825	$167M	trimmed−0%	+0.04 pp	26 q
OTISOtis Worldwide Corporation	0.13%	2,092,560	$161M	trimmed0%	−0.01 pp	24 q
PANWPalo Alto Networks, Inc.	0.13%	1,034,166	$166M	added+7%	−0.01 pp	26 q
TERTeradyne, Inc.	0.13%	550,610	$163M	trimmed−23%	+0.03 pp	26 q
SPOTSpotify Technology S.A.	0.13%	332,556	$161M	added+26%	+0.01 pp	6 q
AAgilent Technologies Inc.	0.12%	1,334,006	$152M	trimmed−0%	−0.02 pp	26 q
BABoeing Company	0.12%	795,910	$158M	added×87.5	+0.12 pp	10 q
GTLBGitLab Inc. Class A	0.12%	7,299,050	$158M	added×6.3	+0.09 pp	18 q
WDCWestern Digital Corp.	0.12%	577,210	$156M	trimmed−23%	+0.02 pp	26 q
ADSKAutodesk Inc	0.11%	603,100	$144M	trimmed−2%	−0.03 pp	26 q
BACBank of America Corporation	0.11%	2,762,232	$135M	added+9%	0.00 pp	26 q
CCLCarnival Corporation Ltd.	0.11%	5,363,703	$139M	trimmed−0%	−0.01 pp	26 q
GDGeneral Dynamics Corporation	0.11%	389,010	$134M	trimmed−3%	+0.01 pp	26 q
OKTAOkta, Inc. Class A	0.11%	1,711,428	$135M	added+4%	0.00 pp	25 q
PMPhilip Morris International Inc.	0.11%	864,400	$143M	trimmed−4%	0.00 pp	26 q
GSGoldman Sachs Group Inc.	0.10%	153,630	$130M	trimmed−1%	0.00 pp	22 q
MRSHMarsh	0.10%	717,500	$124M	added+38%	+0.03 pp	26 q
MOG.AMoog Inc.	0.10%	433,360	$127M	trimmed−1%	+0.02 pp	11 q
XNCRXencor, Inc.	0.10%	10,338,022	$125M	added+1%	−0.02 pp	26 q
ALKAlaska Air Group, Inc.	0.09%	3,250,329	$120M	trimmed−0%	−0.03 pp	26 q
HONHoneywell International, Inc.	0.09%	488,200	$110M	held	—	3 q
JBHTJB Hunt Transport Services Inc	0.09%	517,710	$110M	held	—	15 q
IMCRImmunocore Holdings plc	0.09%	3,693,241	$111M	trimmed−7%	−0.01 pp	9 q
LYVLive Nation Entertainment Inc.	0.09%	728,200	$111M	trimmed−0%	+0.01 pp	23 q
QQnity Electronics, Inc.	0.09%	970,514	$112M	trimmed−0%	+0.03 pp	2 q
TXTTextron, Inc.	0.09%	1,248,660	$109M	trimmed−1%	+0.01 pp	26 q
XPOXPO, Inc.	0.09%	568,334	$111M	trimmed−0%	+0.03 pp	21 q
CCJCameco Corporation	0.08%	927,670	$101M	trimmed−1%	+0.02 pp	26 q
CAVACAVA Group, Inc.	0.08%	1,260,250	$102M	held	—	4 q
CTVACorteva, Inc.	0.08%	1,188,050	$99M	trimmed−0%	+0.02 pp	26 q
EVREvercore Inc.	0.08%	353,950	$106M	added+61%	+0.02 pp	18 q
GRALGRAIL, Inc.	0.08%	1,843,772	$95M	added0%	−0.04 pp	8 q
IMNMImmunome, Inc.	0.08%	4,788,231	$105M	added+2%	0.00 pp	9 q
INDIindie Semiconductor, Inc. Class A	0.08%	31,066,306	$100M	added+4%	0.00 pp	19 q
NTNXNutanix, Inc. Class A	0.08%	2,826,713	$107M	added+4%	−0.03 pp	26 q
ZMZoom Communications, Inc. Class A	0.08%	1,246,800	$100M	trimmed−0%	0.00 pp	25 q
FTITechnipFMC plc	0.08%	1,380,370	$95M	trimmed−1%	+0.03 pp	26 q
ALCAlcon Inc.	0.08%	1,340,866	$101M	held	—	26 q
BJBJs Wholesale Club Holdings, Inc.	0.07%	840,749	$83M	trimmed−0%	+0.01 pp	26 q
DSGXDescartes Systems Group Inc	0.07%	1,178,440	$84M	held	—	26 q
DDDuPont de Nemours, Inc.	0.07%	1,997,159	$91M	trimmed−0%	+0.01 pp	26 q
MARMarriott International Class A	0.07%	259,160	$85M	trimmed−2%	+0.01 pp	26 q
NKENike, Inc.	0.07%	1,577,530	$83M	added+8%	0.00 pp	5 q
QCOMQualcomm Inc	0.07%	705,587	$91M	trimmed−70%	−0.23 pp	26 q
ROKRockwell Automation, Inc.	0.07%	254,630	$91M	trimmed−0%	−0.01 pp	26 q
TMUST-Mobile US, Inc.	0.07%	437,439	$92M	trimmed−0%	0.00 pp	26 q
ALKSAlkermes Inc. plc	0.07%	2,539,990	$90M	trimmed−1%	+0.02 pp	26 q
STXSeagate Technology Holdings PLC (Ireland)	0.07%	230,332	$90M	trimmed−40%	−0.01 pp	14 q
ABTAbbott Laboratories	0.06%	762,220	$78M	trimmed−0%	−0.01 pp	26 q
CTRACoterra Energy Inc.	0.06%	2,289,750	$80M	held	—	26 q
MSMorgan Stanley	0.06%	432,388	$71M	held	—	22 q
RVTYRevvity, Inc.	0.06%	867,030	$76M	trimmed−30%	−0.03 pp	26 q
RTXRTX Corporation	0.06%	375,962	$73M	trimmed−0%	+0.01 pp	26 q
WELLWelltower Inc.	0.06%	384,309	$76M	held	—	5 q
WSCWillScot Holdings Corporation Class A	0.06%	4,277,400	$74M	added0%	0.00 pp	24 q
APPApplovin Corporation Class A	0.05%	173,925	$69M	added+14%	−0.03 pp	6 q
ACLSAxcelis Technologies Inc	0.05%	658,652	$61M	trimmed−1%	+0.01 pp	26 q
CSXCSX Corporation	0.05%	1,634,900	$67M	trimmed−25%	−0.01 pp	26 q
COFCapital One Financial	0.05%	379,650	$69M	trimmed−1%	−0.02 pp	4 q
CVNACarvana Co.	0.05%	197,525	$62M	added+12%	−0.01 pp	6 q
DELLDell Technologies Inc.	0.05%	374,650	$61M	trimmed−0%	+0.01 pp	26 q
NBIXNeurocrine Biosciences Inc	0.05%	496,340	$65M	trimmed−2%	0.00 pp	14 q
OSISOSI Systems Inc	0.05%	244,660	$65M	trimmed−9%	0.00 pp	26 q
WMWaste Management, Inc.	0.05%	277,600	$64M	new	+0.05 pp	new
CPRICapri Holdings Limited	0.05%	3,462,035	$61M	trimmed−11%	−0.02 pp	26 q
NVTnVent Electric plc	0.05%	573,850	$68M	held	—	26 q
VIKViking Holdings Ltd	0.05%	784,273	$58M	held	—	5 q
CRLCharles River Laboratories International, Inc.	0.04%	266,890	$46M	held	—	26 q
KNXKnight-Swift Transportation Holdings Inc. Class A	0.04%	869,677	$50M	trimmed−1%	+0.01 pp	14 q
LHXL3Harris Technologies, Inc.	0.04%	143,000	$49M	new	+0.04 pp	new
LYFTLyft, Inc. Class A	0.04%	4,223,630	$56M	trimmed−2%	−0.02 pp	26 q
VNOMViper Energy, Inc. Class A	0.04%	1,165,252	$55M	added+68%	+0.02 pp	2 q
OLLIOllie's Bargain Outlet Holdings, Inc.	0.04%	516,590	$48M	added+6%	0.00 pp	19 q
PSNParsons Corporation	0.04%	1,020,400	$55M	added+57%	+0.01 pp	5 q
PINSPinterest, Inc. Class A	0.04%	2,477,400	$45M	trimmed−0%	−0.01 pp	26 q
RYAAYRyanair Holdings plc	0.04%	912,972	$53M	trimmed−8%	−0.01 pp	26 q
CRMSalesforce, Inc.	0.04%	259,450	$48M	trimmed−3%	−0.01 pp	26 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.04%	186,521	$50M	trimmed−4%	−0.01 pp	24 q
TROXTronox Limited Cl A	0.04%	5,478,402	$54M	held	—	11 q
ARMArm Holdings plc	0.03%	233,880	$35M	held	—	11 q
ARLOArlo Technologies, Inc.	0.03%	2,318,513	$33M	trimmed−17%	0.00 pp	26 q
AURAurora Innovation, Inc. Class A	0.03%	9,806,110	$40M	trimmed−4%	0.00 pp	18 q
BBIOBridgeBio Pharma, Inc.	0.03%	569,180	$42M	trimmed−0%	0.00 pp	21 q
CASYCasey's General Stores Inc	0.03%	45,700	$33M	trimmed−1%	+0.01 pp	8 q
EXEExpand Energy Corporation	0.03%	330,947	$36M	held	—	6 q
CSGPCoStar Group Inc	0.03%	803,600	$32M	added×5.3	+0.02 pp	5 q
CRWDCrowdStrike Holdings, Inc. Class A	0.03%	88,150	$34M	trimmed−3%	0.00 pp	26 q
DEDeere & Company	0.03%	72,670	$41M	held	—	26 q
ELFe.l.f. Beauty, Inc.	0.03%	701,710	$43M	added+20%	0.00 pp	7 q
XOMExxon Mobil Corp	0.03%	249,726	$42M	trimmed−6%	+0.01 pp	8 q
IEIvanhoe Electric Inc.	0.03%	3,239,584	$38M	added+6%	−0.01 pp	11 q
KEYKeyCorp	0.03%	1,699,430	$34M	held	—	11 q
KEXKirby Corporation	0.03%	263,803	$35M	trimmed−5%	+0.01 pp	22 q
PRMPerimeter Solutions, Inc.	0.03%	1,634,800	$40M	trimmed−1%	0.00 pp	6 q
TWTradeweb Markets Inc. Class A	0.03%	328,082	$39M	trimmed−22%	0.00 pp	26 q
UBERUber Technologies, Inc.	0.03%	514,300	$37M	trimmed−9%	−0.01 pp	24 q
ULTAUlta Beauty, Inc.	0.03%	61,250	$32M	trimmed−0%	0.00 pp	26 q
WVEWave Life Sciences Ltd.	0.03%	4,832,952	$35M	added+18%	−0.02 pp	26 q
ALLOAllogene Therapeutics, Inc.	0.02%	8,379,840	$20M	added+3%	+0.01 pp	22 q
MOAltria Group, Inc.	0.02%	291,500	$19M	trimmed−1%	+0.01 pp	26 q
BRKRBruker Corporation	0.02%	857,600	$31M	added+31%	0.00 pp	2 q
FCXFreeport-McMoran Inc.	0.02%	325,470	$19M	trimmed−8%	+0.01 pp	22 q
GFLGFL Environmental Inc. Subordinate Voting Shares	0.02%	667,800	$28M	held	—	14 q
GFFGriffon Corp	0.02%	417,097	$30M	added+2%	0.00 pp	12 q
THGThe Hanover Insurance Group, Inc.	0.02%	176,040	$31M	added×4.8	+0.01 pp	2 q
IMAXImax Corp	0.02%	535,402	$20M	trimmed−4%	0.00 pp	26 q
PODDInsulet Corporation	0.02%	100,720	$21M	trimmed−3%	0.00 pp	26 q
MBLYMobileye Global Inc. Class A	0.02%	3,197,180	$22M	added+21%	0.00 pp	14 q
NKTRNektar Therapeutics	0.02%	279,150	$20M	trimmed−0%	+0.01 pp	26 q
NWLNewell Brands Inc.	0.02%	7,525,390	$26M	trimmed−14%	0.00 pp	26 q
PVLAPalvella Therapeutics, Inc.	0.02%	195,030	$24M	new	+0.02 pp	new
RGENRepligen Corp	0.02%	235,068	$28M	added+26%	0.00 pp	20 q
SAIASaia, Inc.	0.02%	54,420	$19M	held	—	16 q
SEPNSepterna, Inc.	0.02%	1,048,834	$25M	added+92%	+0.01 pp	2 q
SYNASynaptics Inc	0.02%	448,400	$31M	added×2.1	+0.01 pp	2 q
TTDThe Trade Desk, Inc.	0.02%	1,232,605	$28M	added+36%	−0.01 pp	13 q
TSNTyson Foods, Inc.	0.02%	415,000	$27M	held	—	26 q
GTMZoomInfo Technologies Inc	0.02%	3,224,964	$19M	trimmed−12%	−0.01 pp	24 q
NCLHNorwegian Cruise Line Holdings Ltd.	0.02%	1,600,604	$30M	trimmed−0%	−0.01 pp	26 q
BIRKBirkenstock Holding plc	0.02%	597,200	$21M	added+54%	+0.01 pp	2 q
AM6Amicus Therapeutics Inc	0.01%	585,400	$8M	trimmed−1%	0.00 pp	26 q
BRBRBellRing Brands, Inc.	0.01%	654,700	$11M	trimmed−1%	0.00 pp	7 q
BBBlackBerry Limited	0.01%	2,874,476	$9M	held	—	26 q
BOOTBoot Barn Holdings, Inc.	0.01%	45,620	$7M	trimmed−1%	0.00 pp	26 q
DKSDick's Sporting Goods, Inc.	0.01%	60,550	$12M	added×2.3	+0.01 pp	4 q
DASHDoorDash, Inc. Class A	0.01%	84,710	$13M	trimmed−8%	−0.01 pp	22 q
FMCFMC Corporation	0.01%	700,192	$12M	trimmed−7%	0.00 pp	5 q
FLYWFlywire Corporation Voting	0.01%	1,473,500	$17M	trimmed−6%	−0.01 pp	16 q
FISFidelity National Information Services, Inc.	0.01%	217,406	$10M	trimmed−74%	−0.03 pp	21 q
FITBFifth Third Bancorp	0.01%	196,260	$9M	new	+0.01 pp	new
GXOGXO Logistics, Inc.	0.01%	131,310	$7M	trimmed−13%	0.00 pp	19 q
ITGartner, Inc.	0.01%	117,400	$19M	added+5%	−0.01 pp	10 q
HUMHumana Inc.	0.01%	100,650	$17M	held	—	20 q
IQVIQVIA Holdings Inc.	0.01%	62,332	$11M	trimmed−86%	−0.06 pp	25 q
JBLUJetBlue Airways Corp	0.01%	2,379,200	$11M	trimmed−1%	0.00 pp	26 q
MCDMcDonald's Corporation	0.01%	33,930	$11M	held	—	26 q
MUSAMurphy USA Inc.	0.01%	19,926	$10M	held	—	5 q
NMIHNMI Holdings Inc.	0.01%	268,330	$10M	trimmed−4%	0.00 pp	26 q
LASRnLIGHT, Inc.	0.01%	226,739	$13M	held	—	26 q
PCGPG&E Corporation	0.01%	766,700	$13M	held	—	4 q
PENPenumbra, Inc.	0.01%	26,260	$9M	held	—	26 q
RXORXO, Inc.	0.01%	603,076	$9M	held	—	14 q
RNGRingcentral, Inc.	0.01%	269,700	$10M	trimmed−20%	0.00 pp	25 q
SLBSLB Limited	0.01%	329,280	$17M	held	—	26 q
TTWOTake-Two Interactive Software Inc	0.01%	93,929	$19M	held	—	6 q
TOSTToast, Inc.	0.01%	476,500	$13M	added×3.1	+0.01 pp	3 q
VSECVSE Corp	0.01%	73,705	$14M	trimmed−9%	0.00 pp	7 q
VLOValero Energy Corporation	0.01%	26,000	$6M	held	—	22 q
WMTWalmart Inc.	0.01%	147,450	$18M	trimmed−3%	0.00 pp	6 q
WATWaters Corp	0.01%	38,847	$12M	trimmed−1%	0.00 pp	22 q
WEXWEX Inc.	0.01%	116,760	$18M	trimmed−46%	−0.01 pp	21 q
SNSharkNinja, Inc.	0.01%	143,300	$15M	added+8%	0.00 pp	4 q
RIGTransocean LTD.	0.01%	2,573,290	$17M	trimmed−35%	0.00 pp	26 q
ALGTAllegiant Travel Company	0.00%	32,750	$3M	held	—	26 q
ANETArista Networks	0.00%	16,000	$2M	held	—	26 q
ARRYArray Technologies, Inc.	0.00%	313,300	$2M	held	—	16 q
AXONAxon Enterprise, Inc.	0.00%	12,000	$5M	trimmed−1%	−0.01 pp	26 q
BBWIBath & Body Works, Inc.	0.00%	313,620	$6M	trimmed−1%	0.00 pp	26 q
LUCKLucky Strike Entertainment Corporation	0.00%	324,800	$3M	held	—	11 q
EATBrinker International, Inc.	0.00%	28,200	$4M	held	—	20 q
CBOECboe Global Markets, Inc.	0.00%	5,100	$1M	trimmed−14%	0.00 pp	26 q
CERSCerus Corp	0.00%	789,300	$1M	trimmed−1%	0.00 pp	26 q
KOCoca-Cola Company	0.00%	35,200	$3M	held	—	4 q
CMCSAComcast Corp	0.00%	44,800	$1M	held	—	26 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.00%	41,000	$296,840	held	—	26 q
DOCUDocuSign, Inc.	0.00%	120,000	$6M	trimmed−66%	−0.02 pp	9 q
LABStandard BioTools Inc.	0.00%	153,374	$140,997	held	—	26 q
ULCCFrontier Group Holdings, Inc.	0.00%	494,900	$2M	held	—	20 q
GLXYGalaxy Digital Inc. Class A	0.00%	290,700	$5M	held	—	4 q
ROCKGibraltar Industries, Inc.	0.00%	95,600	$4M	held	—	26 q
GMEDGlobus Medical Inc	0.00%	29,325	$3M	trimmed−1%	0.00 pp	11 q
GEF.BGreif, Inc. Class B	0.00%	15,000	$1M	held	—	26 q
GRWGGrow Generation Corp	0.00%	377,300	$415,030	held	—	17 q
HCATHealth Catalyst, Inc	0.00%	340,418	$432,331	held	—	24 q
ITTITT Inc.	0.00%	9,000	$2M	new	0.00 pp	new
IBTAIbotta, Inc.	0.00%	41,935	$1M	trimmed−52%	0.00 pp	8 q
NGVTIngevity Corporation	0.00%	69,000	$5M	held	—	26 q
LPLALPL Financial Holdings Inc.	0.00%	16,000	$5M	held	—	25 q
LENZLENZ Therapeutics, Inc.	0.00%	472,200	$4M	added+27%	0.00 pp	2 q
MQMarqeta, Inc. Class A	0.00%	163,600	$667,488	trimmed−69%	0.00 pp	19 q
MXLMaxLinear, Inc.	0.00%	174,410	$3M	trimmed−28%	0.00 pp	26 q
MRKMerck & Co., Inc.	0.00%	35,900	$4M	trimmed−6%	0.00 pp	26 q
NFENew Fortress Energy Inc. Class A	0.00%	540,300	$318,777	trimmed−74%	0.00 pp	23 q
OSOneStream, Inc. Class A	0.00%	19,500	$468,000	trimmed−1%	0.00 pp	7 q
LUNGPulmonx Corporation	0.00%	4,724,991	$6M	trimmed−0%	−0.01 pp	22 q
RMBSRambus Inc	0.00%	47,500	$4M	held	—	26 q
QSRRestaurant Brands International Inc.	0.00%	37,600	$3M	held	—	26 q
RIVNRivian Automotive, Inc. Class A	0.00%	210,860	$3M	trimmed−1%	0.00 pp	18 q
SNDKSandisk Corporation	0.00%	400	$254,136	new	0.00 pp	new
SNYSanofi	0.00%	97,168	$5M	held	—	26 q
SAPSap SE	0.00%	13,000	$2M	added+18%	0.00 pp	2 q
SVVSavers Value Village, Inc.	0.00%	691,825	$5M	added+22%	0.00 pp	7 q
SNAPSnap Inc.	0.00%	18,550	$85,330	held	—	24 q
TPRTapestry, Inc.	0.00%	21,900	$3M	trimmed−25%	0.00 pp	10 q
TMHCTaylor Morrison Home Corporation	0.00%	57,149	$3M	added+22%	0.00 pp	3 q
UUnity Software Inc.	0.00%	165,310	$4M	trimmed−33%	−0.01 pp	23 q
VVVValvoline Inc.	0.00%	87,030	$3M	held	—	5 q
WMGWarner Music Group Corp. Class A	0.00%	17,300	$441,842	new	0.00 pp	new
XELXcel Energy, Inc.	0.00%	67,000	$5M	new	0.00 pp	new
ZNTLZentalis Pharmaceuticals, Inc.	0.00%	957,420	$2M	held	—	24 q
AMBAAmbarella, Inc.	0.00%	19,400	$998,615	trimmed−1%	0.00 pp	23 q
CRDOCredo Technology Group Holding Ltd	0.00%	63,200	$6M	trimmed−6%	−0.01 pp	16 q
MDTMedtronic plc	0.00%	2,440	$211,427	held	—	26 q
AZNNAstrazeneca Plc-spons ADR	—	−36,915,261	—	exited	−2.57 pp	—
CMAComerica Incorporated	—	−125,160	—	exited	−0.01 pp	—
CYBRCyberark Software LTD/ISRAEL	—	−30,500	—	exited	−0.01 pp	—
CRCLCircle Internet Group, Inc.	—	−2,600	—	exited	0.00 pp	—
EXKExact Sciences Corp	—	−34,300	—	exited	0.00 pp	—
LESLQLeslie's Inc	—	−65,556	—	exited	0.00 pp	—
SOLSSolstice Advanced Materials Inc.	—	−119,750	—	exited	0.00 pp	—
SNCYSun Country Airlines Holdings, Inc.	—	−142,915	—	exited	0.00 pp	—