Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LITE	Lumentum Holdings Inc	595,561	$511M	1.8%	$858.06	—	COM	55024U109
STX	Seagate Technology Holdings Plc	517,006	$499M	1.7%	$965.00	—	COM	G7997R103
JCI	Johnson Controls International plc	2,946,071	$430M	1.5%	$146.11	—	COM	G51502105
CAT	Caterpillar Inc.	350,774	$374M	1.3%	$1064.90	—	COM	149123101
AFRM	Affirm Holdings Inc	4,577,562	$373M	1.3%	$81.55	—	COM	00827B106
MSCI	MSCI Inc	529,653	$297M	1.0%	$560.04	—	COM	55354G100
SNDK	Sandisk Corp	129,876	$295M	1.0%	$2273.73	—	COM	80004C200
WWD	Woodward Inc	690,171	$294M	1.0%	$425.44	—	COM	980745103
AXON	Axon Enterprise Inc	504,819	$283M	1.0%	$560.61	—	COM	05464C101
CLS	Celestica, Inc.	714,367	$261M	0.9%	$364.80	—	COM	15101Q207
SPCX	Space Exploration Technologies Corp.	1,345,148	$230M	0.8%	$170.86	—	COM	84615Q103
WDC	Western Digital Corp.	31,678	$20.23M	0.1%	$638.72	—	COM	958102105
DDOG	Datadog Inc	71,940	$18.73M	0.1%	$260.36	—	COM	23804L103
AMAT	Applied Materials Inc.	2,360	$1.706M	0.0%	$723.00	—	COM	038222105

Increased Positions (19)

GOOG Alphabet Inc 10.7%

Value $3.109B (+63.2%) Shares 8,800,064 (+32.5%) Est. Cost $252.93 Unrealized —

ANET Arista Networks Inc 2.0%

Value $592M (+133.5%) Shares 3,484,991 (+68.7%) Est. Cost $146.52 Unrealized —

KLAC KLA Corp. 1.6%

Value $460M (+94.3%) Shares 1,524,800 (+848.4%) Est. Cost $378.91 Unrealized —

ECL Ecolab, Inc. 1.2%

Value $351M (+149.3%) Shares 1,258,248 (+138.0%) Est. Cost $261.86 Unrealized —

APH Amphenol Corp. 1.2%

Value $360M (+114.8%) Shares 2,044,422 (+53.9%) Est. Cost $132.83 Unrealized —

HLT Hilton Worldwide Holdings Inc 2.5%

Value $723M (+36.2%) Shares 2,187,153 (+25.3%) Est. Cost $231.23 Unrealized —

LRCX Lam Research Corp. 0.7%

Value $192M (+6074.7%) Shares 444,164 (+2944.5%) Est. Cost $421.63 Unrealized —

VRT Vertiv Holdings Co 1.3%

Value $389M (+79.6%) Shares 1,162,369 (+34.4%) Est. Cost $234.03 Unrealized —

APP Applovin Corp 1.1%

Value $330M (+91.9%) Shares 640,362 (+48.3%) Est. Cost $509.75 Unrealized —

ORCL Oracle Corp. 0.8%

Value $225M (+224.9%) Shares 1,537,543 (+226.1%) Est. Cost $160.90 Unrealized —

MS Morgan Stanley 1.0%

Value $287M (+80.5%) Shares 1,372,032 (+42.1%) Est. Cost $188.37 Unrealized —

ADI Analog Devices Inc. 1.4%

Value $397M (+37.6%) Shares 999,060 (+10.2%) Est. Cost $279.31 Unrealized —

V Visa Inc 1.7%

Value $505M (+23.2%) Shares 1,472,227 (+8.5%) Est. Cost $339.47 Unrealized —

TT Trane Technologies plc 1.4%

Value $393M (+19.1%) Shares 800,850 (+1.0%) Est. Cost $421.56 Unrealized —

CHRW C.H. Robinson Worldwide, Inc. 1.1%

Value $307M (+16.8%) Shares 1,630,787 (+3.0%) Est. Cost $181.52 Unrealized —

IWF ISHARES TR RSSLL 1000 GRWT 0.1%

Value $24.74M (-37.1%) Shares 199,230 (+116.1%) Est. Cost $266.53 Unrealized —

MCK Mckesson Corporation 1.1%

Value $318M (-3.3%) Shares 420,541 (+10.8%) Est. Cost $809.73 Unrealized —

ORLY O`Reilly Automotive, Inc. 1.0%

Value $278M (+2.2%) Shares 3,022,539 (+2.4%) Est. Cost $94.76 Unrealized —

VUG VANGUARD INDEX TR GROWTH VIPER 0.0%

Value $2.011M (-22.8%) Shares 23,347 (+291.3%) Est. Cost $184.58 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	Alphabet Inc	8,800,064 (+32.5%)	$3.109B (+63.2%)	10.7%	$252.93	—	COM	02079K107
ANET	Arista Networks Inc	3,484,991 (+68.7%)	$592M (+133.5%)	2.0%	$146.52	—	COM	040413205
KLAC	KLA Corp.	1,524,800 (+848.4%)	$460M (+94.3%)	1.6%	$378.91	—	COM	482480100
ECL	Ecolab, Inc.	1,258,248 (+138.0%)	$351M (+149.3%)	1.2%	$261.86	—	COM	278865100
APH	Amphenol Corp.	2,044,422 (+53.9%)	$360M (+114.8%)	1.2%	$132.83	—	COM	032095101
HLT	Hilton Worldwide Holdings Inc	2,187,153 (+25.3%)	$723M (+36.2%)	2.5%	$231.23	—	COM	43300A203
LRCX	Lam Research Corp.	444,164 (+2944.5%)	$192M (+6074.7%)	0.7%	$421.63	—	COM	512807306
VRT	Vertiv Holdings Co	1,162,369 (+34.4%)	$389M (+79.6%)	1.3%	$234.03	—	COM	92537N108
APP	Applovin Corp	640,362 (+48.3%)	$330M (+91.9%)	1.1%	$509.75	—	COM	03831W108
ORCL	Oracle Corp.	1,537,543 (+226.1%)	$225M (+224.9%)	0.8%	$160.90	—	COM	68389X105
MS	Morgan Stanley	1,372,032 (+42.1%)	$287M (+80.5%)	1.0%	$188.37	—	COM	617446448
ADI	Analog Devices Inc.	999,060 (+10.2%)	$397M (+37.6%)	1.4%	$279.31	—	COM	032654105
V	Visa Inc	1,472,227 (+8.5%)	$505M (+23.2%)	1.7%	$339.47	—	COM	92826C839
TT	Trane Technologies plc	800,850 (+1.0%)	$393M (+19.1%)	1.4%	$421.56	—	COM	G8994E103
CHRW	C.H. Robinson Worldwide, Inc.	1,630,787 (+3.0%)	$307M (+16.8%)	1.1%	$181.52	—	COM	12541W209
IWF	ISHARES TR RSSLL 1000 GRWT	199,230 (+116.1%)	$24.74M (-37.1%)	0.1%	$266.53	—	ETF-EQUITY	464287614
MCK	Mckesson Corporation	420,541 (+10.8%)	$318M (-3.3%)	1.1%	$809.73	—	COM	58155Q103
ORLY	O`Reilly Automotive, Inc.	3,022,539 (+2.4%)	$278M (+2.2%)	1.0%	$94.76	—	COM	67103H107
VUG	VANGUARD INDEX TR GROWTH VIPER	23,347 (+291.3%)	$2.011M (-22.8%)	0.0%	$184.58	—	ETF-EQUITY	922908736

Exited Positions (8)

BKNG Booking Holdings Inc 1.2%

Value $346M Shares 322,326 Est. Cost $4781.50 Unrealized —

INTU Intuit Inc 1.0%

Value $282M Shares 651,617 Est. Cost $674.49 Unrealized —

SYK Stryker Corp. 0.5%

Value $145M Shares 440,096 Est. Cost $346.78 Unrealized —

CME CME Group Inc 0.5%

Value $144M Shares 488,161 Est. Cost $289.33 Unrealized —

NOW ServiceNow Inc 0.2%

Value $52.26M Shares 499,866 Est. Cost $159.18 Unrealized —

TEAM Atlassian Corporation 0.1%

Value $38.96M Shares 570,817 Est. Cost $113.29 Unrealized —

BSX BOSTON SCIENTIFIC CORP COM 0.0%

Value $295K Shares 4,708 Est. Cost $52.29 Unrealized —

MELI MERCADOLIBRE INC COM 0.0%

Value $244K Shares 141 Est. Cost $2400.46 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BKNG	Booking Holdings Inc	322,326	$346M	1.2%	$4781.50	—	—	09857L108
INTU	Intuit Inc	651,617	$282M	1.0%	$674.49	—	—	461202103
SYK	Stryker Corp.	440,096	$145M	0.5%	$346.78	—	—	863667101
CME	CME Group Inc	488,161	$144M	0.5%	$289.33	—	—	12572Q105
NOW	ServiceNow Inc	499,866	$52.26M	0.2%	$159.18	—	—	81762P102
TEAM	Atlassian Corporation	570,817	$38.96M	0.1%	$113.29	—	—	049468101
BSX	BOSTON SCIENTIFIC CORP COM	4,708	$295K	0.0%	$52.29	—	—	101137107
MELI	MERCADOLIBRE INC COM	141	$244K	0.0%	$2400.46	—	—	58733R102

Decreased Positions (30)

AAPL Apple Inc 4.9%

Value $1.411B (-39.9%) Shares 4,877,656 (-47.3%) Est. Cost $178.64 Unrealized —

MSFT Microsoft Corporation 2.9%

Value $856M (-48.5%) Shares 2,295,227 (-48.9%) Est. Cost $168.00 Unrealized —

NFLX NETFLIX COM INC COM 0.0%

Value $860K (-99.9%) Shares 12,041 (-99.8%) Est. Cost $101.43 Unrealized —

ISRG Intuitive Surgical Inc 0.0%

Value $2.963M (-99.4%) Shares 7,450 (-99.4%) Est. Cost $428.18 Unrealized —

SNOW Snowflake Inc 0.0%

Value $1.427M (-99.7%) Shares 5,608 (-99.8%) Est. Cost $187.65 Unrealized —

AMD Advanced Micro Devices Inc. 2.9%

Value $848M (+120.0%) Shares 1,460,164 (-23.0%) Est. Cost $195.23 Unrealized —

MU Micron Technology Inc. 2.2%

Value $646M (+227.5%) Shares 559,488 (-4.1%) Est. Cost $387.04 Unrealized —

SPOT SPOTIFY TECHNOLOGY S A SHS 0.0%

Value $1.291M (-99.6%) Shares 2,811 (-99.5%) Est. Cost $361.93 Unrealized —

PLTR Palantir Technologies Inc 0.8%

Value $231M (-54.3%) Shares 1,976,130 (-42.7%) Est. Cost $125.94 Unrealized —

META Meta Platforms Inc 2.6%

Value $754M (-24.2%) Shares 1,338,364 (-23.0%) Est. Cost $277.91 Unrealized —

NVDA NVIDIA Corp 10.7%

Value $3.121B (+7.5%) Shares 15,600,375 (-6.3%) Est. Cost $100.72 Unrealized —

AVGO Broadcom Inc 6.0%

Value $1.75B (+10.6%) Shares 4,633,364 (-9.4%) Est. Cost $189.31 Unrealized —

SHOP Shopify Inc 0.8%

Value $219M (-38.9%) Shares 1,919,693 (-36.5%) Est. Cost $85.13 Unrealized —

LLY Lilly(Eli) & Co 2.9%

Value $832M (+19.4%) Shares 693,624 (-8.4%) Est. Cost $646.05 Unrealized —

AMZN Amazon.com Inc. 3.5%

Value $1.026B (-9.0%) Shares 4,304,655 (-20.5%) Est. Cost $117.58 Unrealized —

PWR Quanta Services, Inc. 1.0%

Value $303M (-21.0%) Shares 421,452 (-39.8%) Est. Cost $440.46 Unrealized —

TXN Texas Instruments Inc. 0.7%

Value $194M (+45.6%) Shares 650,733 (-5.2%) Est. Cost $206.27 Unrealized —

TSLA Tesla Inc 1.7%

Value $484M (-10.8%) Shares 1,150,181 (-21.2%) Est. Cost $281.21 Unrealized —

MA Mastercard Incorporated 1.3%

Value $370M (-11.6%) Shares 719,495 (-14.0%) Est. Cost $334.23 Unrealized —

GEV GE Vernova Inc. 1.5%

Value $424M (-9.1%) Shares 360,801 (-32.4%) Est. Cost $609.04 Unrealized —

GE GE Aerospace 2.2%

Value $638M (-5.7%) Shares 1,708,225 (-28.4%) Est. Cost $240.79 Unrealized —

HWM Howmet Aerospace Inc 1.3%

Value $380M (+10.9%) Shares 1,412,714 (-5.0%) Est. Cost $111.31 Unrealized —

PH Parker-Hannifin Corp. 1.1%

Value $318M (-7.0%) Shares 325,169 (-14.9%) Est. Cost $896.80 Unrealized —

COST COSTCO WHOLESALE CORP COM 0.0%

Value $239K (-97.6%) Shares 256 (-97.5%) Est. Cost $963.77 Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC CL 0.0%

Value $546K (-56.2%) Shares 16,060 (-58.7%) Est. Cost $53.36 Unrealized —

GOOGL ALPHABET CLASS A 0.0%

Value $2.919M (+20.9%) Shares 8,169 (-2.7%) Est. Cost $110.65 Unrealized —

MCO MOODYS CORP COM 0.0%

Value $513K (-17.5%) Shares 1,132 (-20.6%) Est. Cost $502.63 Unrealized —

IVW ISHARES TR S&P500/BARRA GW 0.0%

Value $414K (+10.1%) Shares 3,008 (-9.5%) Est. Cost $123.26 Unrealized —

UBER UBER TECHNOLOGIES INC COM 0.0%

Value $333K (-4.5%) Shares 4,618 (-4.8%) Est. Cost $54.73 Unrealized —

LIN LINDE PLC SHS 0.0%

Value $215K (-1.1%) Shares 414 (-5.5%) Est. Cost $322.30 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	Apple Inc	4,877,656 (-47.3%)	$1.411B (-39.9%)	4.9%	$178.64	—	COM	037833100
MSFT	Microsoft Corporation	2,295,227 (-48.9%)	$856M (-48.5%)	2.9%	$168.00	—	COM	594918104
NFLX	NETFLIX COM INC COM	12,041 (-99.8%)	$860K (-99.9%)	0.0%	$101.43	—	COM	64110L106
ISRG	Intuitive Surgical Inc	7,450 (-99.4%)	$2.963M (-99.4%)	0.0%	$428.18	—	COM	46120E602
SNOW	Snowflake Inc	5,608 (-99.8%)	$1.427M (-99.7%)	0.0%	$187.65	—	COM	833445109
AMD	Advanced Micro Devices Inc.	1,460,164 (-23.0%)	$848M (+120.0%)	2.9%	$195.23	—	COM	007903107
MU	Micron Technology Inc.	559,488 (-4.1%)	$646M (+227.5%)	2.2%	$387.04	—	COM	595112103
SPOT	SPOTIFY TECHNOLOGY S A SHS	2,811 (-99.5%)	$1.291M (-99.6%)	0.0%	$361.93	—	COM	L8681T102
PLTR	Palantir Technologies Inc	1,976,130 (-42.7%)	$231M (-54.3%)	0.8%	$125.94	—	COM	69608A108
META	Meta Platforms Inc	1,338,364 (-23.0%)	$754M (-24.2%)	2.6%	$277.91	—	COM	30303M102
NVDA	NVIDIA Corp	15,600,375 (-6.3%)	$3.121B (+7.5%)	10.7%	$100.72	—	COM	67066G104
AVGO	Broadcom Inc	4,633,364 (-9.4%)	$1.75B (+10.6%)	6.0%	$189.31	—	COM	11135F101
SHOP	Shopify Inc	1,919,693 (-36.5%)	$219M (-38.9%)	0.8%	$85.13	—	COM	82509L107
LLY	Lilly(Eli) & Co	693,624 (-8.4%)	$832M (+19.4%)	2.9%	$646.05	—	COM	532457108
AMZN	Amazon.com Inc.	4,304,655 (-20.5%)	$1.026B (-9.0%)	3.5%	$117.58	—	COM	023135106
PWR	Quanta Services, Inc.	421,452 (-39.8%)	$303M (-21.0%)	1.0%	$440.46	—	COM	74762E102
TXN	Texas Instruments Inc.	650,733 (-5.2%)	$194M (+45.6%)	0.7%	$206.27	—	COM	882508104
TSLA	Tesla Inc	1,150,181 (-21.2%)	$484M (-10.8%)	1.7%	$281.21	—	COM	88160R101
MA	Mastercard Incorporated	719,495 (-14.0%)	$370M (-11.6%)	1.3%	$334.23	—	COM	57636Q104
GEV	GE Vernova Inc.	360,801 (-32.4%)	$424M (-9.1%)	1.5%	$609.04	—	COM	36828A101
GE	GE Aerospace	1,708,225 (-28.4%)	$638M (-5.7%)	2.2%	$240.79	—	COM	369604301
HWM	Howmet Aerospace Inc	1,412,714 (-5.0%)	$380M (+10.9%)	1.3%	$111.31	—	COM	443201108
PH	Parker-Hannifin Corp.	325,169 (-14.9%)	$318M (-7.0%)	1.1%	$896.80	—	COM	701094104
COST	COSTCO WHOLESALE CORP COM	256 (-97.5%)	$239K (-97.6%)	0.0%	$963.77	—	COM	22160K105
CMG	CHIPOTLE MEXICAN GRILL INC CL	16,060 (-58.7%)	$546K (-56.2%)	0.0%	$53.36	—	COM	169656105
GOOGL	ALPHABET CLASS A	8,169 (-2.7%)	$2.919M (+20.9%)	0.0%	$110.65	—	COM	02079K305
MCO	MOODYS CORP COM	1,132 (-20.6%)	$513K (-17.5%)	0.0%	$502.63	—	COM	615369105
IVW	ISHARES TR S&P500/BARRA GW	3,008 (-9.5%)	$414K (+10.1%)	0.0%	$123.26	—	COM	464287309
UBER	UBER TECHNOLOGIES INC COM	4,618 (-4.8%)	$333K (-4.5%)	0.0%	$54.73	—	COM	90353T100
LIN	LINDE PLC SHS	414 (-5.5%)	$215K (-1.1%)	0.0%	$322.30	—	COM	G54950103

Unchanged Positions (3)

ASML ASML Holding NV 2.4%

Value $693M Shares 348,356 Est. Cost $1320.69 Unrealized —

COMP Compass Inc 0.3%

Value $85.5M Shares 6,934,620 Est. Cost $15.59 Unrealized —

ELAN Elanco Animal Health Inc 1.1%

Value $333M Shares 13,511,127 Est. Cost $24.57 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ASML	ASML Holding NV	348,356	$693M	2.4%	$1320.69	—	COM	N07059210
COMP	Compass Inc	6,934,620	$85.5M	0.3%	$15.59	—	COM	20464U100
ELAN	Elanco Animal Health Inc	13,511,127	$333M	1.1%	$24.57	—	COM	28414H103