| JJDJD.com, Inc. | 12.05% | 51,650,366 | $3.1B | added+2% | −0.30 pp | 23 q |
M MSFTMicrosoft Corp | 8.69% | 11,011,151 | $2.2B | added+2% | −1.56 pp | 15 q |
M METAMeta Platforms, Inc. Class A | 7.70% | 8,750,500 | $2.0B | held | — | 15 q |
| AAPONApollo Asset Management Inc | 6.56% | 33,913,500 | $1.7B | held | — | 4 q |
A AMZNAmazon.Com Inc | 6.34% | 593,030 | $1.6B | added+7% | −0.14 pp | 21 q |
| BBABAAlibaba Group Holding Limited | 3.76% | 4,491,662 | $969M | held | — | 16 q |
| RRNGRingcentral, Inc. | 3.68% | 3,326,370 | $948M | held | — | 6 q |
| SSESea Limited | 3.48% | 8,359,235 | $896M | held | — | 10 q |
| SSPOTSpotify Technology S.A. | 3.19% | 3,185,589 | $822M | added+16% | +1.19 pp | 9 q |
| TTDGTransDigm Group Incorporated | 3.01% | 1,757,245 | $777M | held | — | 15 q |
| CCVNACarvana Co. | 2.80% | 6,012,907 | $723M | held | — | 6 q |
| NNFLXNetFlix Inc | 2.74% | 1,551,000 | $706M | held | — | 14 q |
| RRUNSunrun Inc | 2.28% | 29,773,257 | $587M | held | — | 10 q |
| WWDAYWorkday, Inc. Class A | 2.19% | 3,010,000 | $564M | added+30% | +0.37 pp | 4 q |
| PPDDPDD Holdings Inc. | 2.03% | 6,098,000 | $523M | added+3% | +0.74 pp | 8 q |
| CCRWDCrowdStrike Holdings, Inc. Class A | 1.96% | 5,042,000 | $506M | added×20.2 | +1.88 pp | 5 q |
| GGDSGDS Holdings Limited | 1.77% | 5,730,659 | $457M | held | — | 5 q |
| CCRMSalesforce, Inc. | 1.69% | 2,329,700 | $436M | added×2.1 | +0.71 pp | 11 q |
| MMDBMongoDB, Inc. Class A | 1.68% | 1,911,300 | $433M | held | — | 6 q |
| TTWLOTwilio Inc. | 1.62% | 1,906,000 | $418M | held | — | 6 q |
| DDDOGDatadog, Inc. Class A | 1.60% | 4,757,000 | $414M | added+29% | +0.80 pp | 4 q |
| ZZMZoom Communications, Inc. Class A | 1.60% | 1,631,000 | $414M | added+33% | +0.52 pp | 5 q |
| TTALTAL Education Group | 1.53% | 5,762,873 | $394M | held | — | 15 q |
P PYPLPayPal Holdings, Inc. | 1.49% | 2,201,000 | $383M | trimmed−5% | +0.15 pp | 3 q |
| EESTCElastic N.V. | 1.44% | 4,019,843 | $371M | held | — | 7 q |
| FFLTCorpay, Inc. | 1.26% | 1,295,325 | $326M | held | — | 29 q |
U UBERUber Technologies, Inc. | 1.20% | 9,974,716 | $310M | held | — | 5 q |
| PPLANAnaplan, Inc. | 1.19% | 6,800,903 | $308M | held | — | 4 q |
| PPTONPeloton Interactive, Inc. Class A | 1.19% | 5,299,908 | $306M | added+28% | +0.53 pp | 2 q |
| NNOWServicenow, Inc. | 1.14% | 723,000 | $293M | added+30% | +0.18 pp | 12 q |
| NunresolvedNew Oriental Ed & Tech Grp I | 1.08% | 2,141,500 | $279M | held | — | 15 q |
| AunresolvedAtlassian Corp Plc | 1.06% | 1,510,000 | $272M | held | — | 19 q |
| SSMARSmartsheet Inc. | 0.82% | 4,145,400 | $211M | held | — | 6 q |
| MMAMastercard Incorporated | 0.71% | 621,500 | $184M | trimmed−15% | −0.35 pp | 29 q |
| NNEWRNew Relic, Inc. | 0.36% | 1,346,000 | $93M | held | — | 4 q |
| EEGHT8x8, Inc. | 0.31% | 4,950,000 | $79M | held | — | 6 q |
| AADBEAdobe Inc. | 0.29% | 169,000 | $74M | held | — | 9 q |
| SSHOPShopify Inc. Class A subordinate voting shares | 0.26% | 70,000 | $66M | held | — | 21 q |
| DDESPDespegar.com Corp | 0.26% | 9,256,550 | $66M | held | — | 12 q |
| ZZENZendesk Inc | 0.25% | 714,000 | $63M | held | — | 8 q |
| DDOCUDocuSign, Inc. | 0.20% | 300,000 | $52M | held | — | 9 q |
G GOOGLAlphabet Inc. Class A | 0.17% | 30,500 | $43M | held | — | 3 q |
| AATHAthene Holding Ltd-class A | 0.17% | 1,438,000 | $45M | trimmed−81% | −0.95 pp | 2 q |
| CCHWYChewy, Inc. | 0.14% | 800,000 | $36M | held | — | 5 q |
| TTMETencent Music Entertainment Group | 0.14% | 2,700,000 | $36M | held | — | 7 q |
V VVISA Inc. | 0.12% | 163,000 | $31M | held | — | 16 q |
| SSTNEStoneCo Ltd. Class A | 0.12% | 765,783 | $30M | trimmed−0% | +0.02 pp | 7 q |
| DDTDynatrace, Inc. | 0.08% | 500,000 | $20M | held | — | 4 q |
| DDNKPhoenix Tree Holdings Ltd | 0.07% | 1,850,000 | $17M | held | — | 2 q |
| SSVMKSVMK Inc. | 0.07% | 717,209 | $17M | trimmed−69% | −0.12 pp | 8 q |
| LunresolvedLinx S A | 0.06% | 3,350,000 | $15M | held | — | 5 q |
| AAVLRAvalara, Inc. | 0.05% | 100,000 | $13M | held | — | 9 q |
| DDAYDayforce, Inc. | 0.05% | 170,000 | $13M | held | — | 9 q |
| CCDLXCardlytics, Inc. | 0.03% | 124,940 | $9M | held | — | 3 q |
| FFTCHQFarfetch Limited A | 0.03% | 500,000 | $9M | held | — | 8 q |
| HHUYAHUYA Inc. | 0.03% | 362,000 | $7M | held | — | 9 q |
| GGTMZoomInfo Technologies Inc | 0.03% | 150,000 | $8M | new | +0.03 pp | new |
| XXPXP Inc. Class A | 0.03% | 200,000 | $8M | held | — | 3 q |
| BBILIBilibili Inc. | 0.02% | 100,000 | $5M | held | — | 10 q |
| NNETCloudflare, Inc. Class A, par value $0.001 per share | 0.02% | 175,000 | $6M | held | — | 4 q |
| DunresolvedDouyu Intl Hldgs Ltd | 0.02% | 400,000 | $5M | held | — | 4 q |
| DDBXDropbox, Inc. Class A | 0.02% | 200,000 | $4M | held | — | 10 q |
| PPDPagerDuty, Inc. | 0.02% | 150,000 | $4M | held | — | 5 q |
| TTENBTenable Holdings, Inc. | 0.02% | 150,000 | $4M | held | — | 8 q |
| AAPIAgora, Inc. | 0.01% | 70,000 | $3M | new | +0.01 pp | new |
| HHCATHealth Catalyst, Inc | 0.01% | 50,000 | $1M | held | — | 4 q |
| RRDFNRedfin Corporation | 0.01% | 40,087 | $2M | trimmed−11% | +0.01 pp | 12 q |
| SSWISolarWinds Corporation | 0.01% | 200,000 | $4M | held | — | 7 q |
| DD0ADada Nexus Ltd-adr | 0.00% | 50,000 | $1M | new | 0.00 pp | new |
| FFPIFarmland Partners Inc. | 0.00% | 44,502 | $305,000 | held | — | 14 q |
| KKCKingsoft Cloud Holdings Limited | 0.00% | 10,000 | $315,000 | new | 0.00 pp | new |
| MMDLAMedallia Inc | 0.00% | 50,000 | $1M | held | — | 4 q |
| OunresolvedOnesmart Intl Ed Group Ltd | 0.00% | 320,000 | $1M | held | — | 10 q |
| IIQiQIYI, Inc. | — | −1,000,000 | — | exited | −0.11 pp | — |
| LLVGOLivongo Health, Inc. | — | −250,000 | — | exited | −0.04 pp | — |
| BBILLBILL Holdings, Inc. | — | −80,000 | — | exited | −0.02 pp | — |
| JJCPJ.C. Penney Company, Inc. | — | −850,000 | — | exited | 0.00 pp | — |
| SSTGSunlands Technology Group | — | −300,000 | — | exited | 0.00 pp | — |
