Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SHOP	SHOPIFY INC	6,700,679	$1.097B	2.3%	$160.56	0.0%	CL A SUB VTG SHS	82509L107
FERG	FERGUSON ENTERPRISES INC	4,406,095	$994M	2.0%	$237.95	0.0%	COMMON STOCK NEW	31488V107
CAH	CARDINAL HEALTH INC	4,032,682	$836M	1.7%	$187.72	0.0%	COM	14149Y108
MDLN	MEDLINE INC	7,324,583	$307M	0.6%	$42.23	0.0%	COM CL A	58507V107
AHR	AMERICAN HEALTHCARE REIT INC	3,408,275	$163M	0.3%	$47.74	—	COM SHS	398182303
INDA	ISHARES TR	503,660	$27.02M	0.1%	$53.64	—	MSCI INDIA ETF	46429B598
CWK	CUSHMAN AND WAKEFIELD LTD	1,461,048	$23.99M	0.0%	$15.85	0.0%	COMMON SHARES	G2717C106
AEIS	ADVANCED ENERGY INDS	101,392	$21.64M	0.0%	$203.45	0.0%	COM	007973100
CRL	CHARLES RIV LABS INTL INC	102,234	$20.65M	0.0%	$181.39	0.0%	COM	159864107
ACWI	ISHARES TR	139,895	$19.92M	0.0%	$142.41	—	MSCI ACWI ETF	464288257
PLNT	PLANET FITNESS INC	167,437	$18.28M	0.0%	$102.94	0.0%	CL A	72703H101
AGYS	AGILYSYS INC	146,919	$17.55M	0.0%	$120.36	0.0%	COM	00847J105
WMS	ADVANCED DRAIN SYS INC DEL	117,572	$17.28M	0.0%	$144.68	0.0%	COM	00790R104
AXGN	AXOGEN INC	400,616	$13.11M	0.0%	$24.59	0.0%	COM	05463X106
DCO	DUCOMMUN INC DEL	126,746	$12.06M	0.0%	$93.15	0.0%	COM	264147109
GH	GUARDANT HEALTH INC	107,931	$10.86M	0.0%	$89.46	0.0%	COM	40131M109
ARWR	ARROWHEAD PHARMACEUTICALS IN	138,905	$9.341M	0.0%	$49.01	0.0%	COM	04280A100
LGND	LIGAND PHARMACEUTICALS INC	45,621	$8.677M	0.0%	$192.14	0.0%	COM NEW	53220K504
KYMR	KYMERA THERAPEUTICS INC	105,194	$8.218M	0.0%	$67.53	0.0%	COM	501575104
STC	STEWART INFORMATION SVCS COR	101,290	$7.118M	0.0%	$72.01	0.0%	COM	860372101
CNTA	CENTESSA PHARMACEUTICALS PLC	257,190	$6.363M	0.0%	$24.74	—	SPONSORED ADS	152309100
RTO	RENTOKIL INITIAL PLC	212,333	$6.349M	0.0%	$29.90	—	SPONSORED ADR	760125104
AX	AXOS FINANCIAL INC	69,971	$6.071M	0.0%	$82.36	0.0%	COM	05465C100
TFIN	TRIUMPH FINANCIAL INC	89,660	$5.641M	0.0%	$56.02	0.0%	COM	89679E300
ITRI	ITRON INC	58,318	$5.495M	0.0%	$108.94	0.0%	COM	465741106
GENI	GENIUS SPORTS LIMITED	477,547	$5.43M	0.0%	$10.90	0.0%	SHARES CL A	G3934V109
QCRH	QCR HOLDINGS INC	60,986	$5.049M	0.0%	$78.66	0.0%	COM	74727A104
UUUU	ENERGY FUELS INC	323,002	$4.59M	0.0%	$16.97	0.0%	COM NEW	292671708
UEC	URANIUM ENERGY CORP	317,289	$3.734M	0.0%	$13.12	0.0%	COM	916896103
BWXT	BWX TECHNOLOGIES INC	17,536	$3.058M	0.0%	$187.42	0.0%	COM	05605H100
EMBJ	EMBRAER S.A.	42,061	$2.726M	0.0%	$64.81	—	SPONSORED ADS	29082A107
IWF	ISHARES TR	2,580	$1.231M	0.0%	$476.95	—	RUS 1000 GRW ETF	464287614
ACMR	ACM RESH INC	10,960	$441K	0.0%	$37.26	0.0%	COM CL A	00108J109
AIZ	ASSURANT INC	936	$227K	0.0%	$222.81	0.0%	COM	04621X108
HUYA	HUYA INC	74,525	$216K	0.0%	$2.90	—	ADS REP SHS A	44852D108
HGTY	HAGERTY INC	10,023	$134K	0.0%	$12.48	0.0%	CL A COM	405166109

Increased Positions (53)

WELL WELLTOWER INC 1.3%

Value $617M (+2372.4%) Shares 3,281,537 (+2217.2%) Est. Cost $184.81 Unrealized +0.9%

TEVA TEVA PHARMACEUTICAL INDS LTD 0.9%

Value $439M (+9038.7%) Shares 14,007,078 (+5492.8%) Est. Cost $31.11 Unrealized —

EFA ISHARES TR 0.3%

Value $147M (+11223.5%) Shares 1,526,607 (+10818.4%) Est. Cost $96.32 Unrealized —

CRS CARPENTER TECHNOLOGY CORP 0.3%

Value $138M (+60.3%) Shares 433,914 (+21.4%) Est. Cost $219.98 Unrealized +36.6%

TPR TAPESTRY INC 0.3%

Value $122M (+33.9%) Shares 939,143 (+15.2%) Est. Cost $87.78 Unrealized +29.9%

FTAI FTAI AVIATION LTD 0.2%

Value $76.63M (+46.0%) Shares 387,646 (+20.6%) Est. Cost $108.04 Unrealized +57.6%

FIX COMFORT SYS USA INC 0.2%

Value $88.73M (+36.9%) Shares 93,706 (+15.9%) Est. Cost $529.55 Unrealized +74.3%

CX CEMEX SAB DE CV 0.1%

Value $70.1M (+43.9%) Shares 6,037,845 (+12.2%) Est. Cost $9.33 Unrealized —

AGX ARGAN INC 0.1%

Value $71.34M (+31.3%) Shares 226,173 (+12.8%) Est. Cost $209.07 Unrealized +51.5%

TSEM TOWER SEMICONDUCTOR LTD 0.0%

Value $22.44M (+286.7%) Shares 185,982 (+126.0%) Est. Cost $77.86 Unrealized +23.7%

SN SHARKNINJA INC 0.2%

Value $86.47M (+23.1%) Shares 760,539 (+15.0%) Est. Cost $92.23 Unrealized +6.9%

BAP CREDICORP LTD 0.2%

Value $82.94M (+20.4%) Shares 285,999 (+11.1%) Est. Cost $139.10 Unrealized +90.4%

FLY FIREFLY AEROSPACE INC 0.0%

Value $15.48M (-36.7%) Shares 681,341 (+3.0%) Est. Cost $44.31 Unrealized -47.8%

NOVT NOVANTA INC 0.0%

Value $23.75M (+52.4%) Shares 196,496 (+26.2%) Est. Cost $137.63 Unrealized -17.3%

SONY SONY GROUP CORP 0.0%

Value $11.46M (+144.7%) Shares 445,557 (+176.9%) Est. Cost $26.45 Unrealized —

ENSG ENSIGN GROUP INC 0.1%

Value $35.15M (+20.9%) Shares 198,898 (+17.4%) Est. Cost $107.49 Unrealized +67.1%

HLN HALEON PLC 0.0%

Value $10.21M (+137.4%) Shares 1,013,242 (+108.2%) Est. Cost $9.74 Unrealized —

WWW WOLVERINE WORLD WIDE INC 0.0%

Value $22.07M (-19.7%) Shares 1,224,125 (+21.4%) Est. Cost $21.12 Unrealized -4.9%

BLD TOPBUILD CORP 0.0%

Value $23.03M (+29.8%) Shares 54,165 (+19.9%) Est. Cost $404.07 Unrealized +6.1%

TXRH TEXAS ROADHOUSE INC 0.0%

Value $21.28M (+32.7%) Shares 127,100 (+32.2%) Est. Cost $108.47 Unrealized +55.6%

MLCO MELCO RESORTS AND ENTMNT LTD 0.1%

Value $31M (-13.1%) Shares 4,073,099 (+12.4%) Est. Cost $9.59 Unrealized —

SBS COMPANHIA DE SANEAMENTO BASI 0.0%

Value $10.69M (+73.8%) Shares 442,683 (+76.1%) Est. Cost $20.42 Unrealized —

INTR INTER & CO INC 0.2%

Value $93.92M (-4.3%) Shares 11,049,508 (+4.4%) Est. Cost $6.51 Unrealized +34.2%

TT TRANE TECHNOLOGIES PLC 0.0%

Value $9.29M (+81.9%) Shares 23,716 (+92.4%) Est. Cost $362.92 Unrealized +14.0%

KTOS KRATOS DEFENSE & SEC SOLUTIO 0.0%

Value $21.82M (+21.7%) Shares 287,182 (+41.1%) Est. Cost $69.24 Unrealized +18.2%

CB CHUBB LIMITED 0.0%

Value $6.762M (+115.7%) Shares 21,524 (+91.9%) Est. Cost $263.50 Unrealized +11.0%

ATRC ATRICURE INC 0.0%

Value $14.97M (+31.8%) Shares 372,682 (+14.4%) Est. Cost $39.75 Unrealized -7.8%

ACIW ACI WORLDWIDE INC 0.0%

Value $21.28M (+19.8%) Shares 442,257 (+30.3%) Est. Cost $35.09 Unrealized +38.3%

PAC GRUPO AEROPUERTO DEL PACIFIC 0.0%

Value $4.504M (+269.9%) Shares 17,112 (+242.1%) Est. Cost $242.85 Unrealized —

KSPI KASPI KZ JSC 0.0%

Value $19.61M (+19.3%) Shares 248,086 (+23.5%) Est. Cost $119.73 Unrealized —

BN BROOKFIELD CORP 0.0%

Value $9.217M (+44.2%) Shares 199,116 (+115.3%) Est. Cost $40.13 Unrealized +13.5%

PNTG PENNANT GROUP INC 0.0%

Value $18.88M (+17.2%) Shares 655,410 (+2.5%) Est. Cost $24.58 Unrealized +8.2%

BIDU BAIDU INC 0.0%

Value $5.635M (+96.4%) Shares 42,564 (+100.0%) Est. Cost $128.07 Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.0%

Value $8.221M (+48.0%) Shares 55,789 (+80.7%) Est. Cost $142.85 Unrealized —

AS AMER SPORTS INC 0.0%

Value $7.393M (+48.2%) Shares 195,848 (+35.9%) Est. Cost $19.96 Unrealized +71.9%

SLB SLB LIMITED 0.0%

Value $4.141M (+125.8%) Shares 107,410 (+105.7%) Est. Cost $37.28 Unrealized -3.3%

RELX RELX PLC 0.0%

Value $5.749M (+61.7%) Shares 139,836 (+85.4%) Est. Cost $41.16 Unrealized —

BZ KANZHUN LIMITED 0.0%

Value $6.591M (+43.5%) Shares 322,288 (+64.5%) Est. Cost $19.50 Unrealized —

GIB CGI INC 0.0%

Value $3.922M (+102.4%) Shares 42,176 (+93.6%) Est. Cost $94.23 Unrealized -5.5%

BTI BRITISH AMERN TOB PLC 0.0%

Value $3.341M (+107.2%) Shares 59,075 (+93.6%) Est. Cost $54.63 Unrealized —

META META PLATFORMS INC 0.0%

Value $15.5M (-9.1%) Shares 23,270 (+1.5%) Est. Cost $511.47 Unrealized +30.5%

NBIS NEBIUS GROUP N.V. 0.0%

Value $13.91M (-8.7%) Shares 163,365 (+18.2%) Est. Cost $43.80 Unrealized +136.6%

RKLB ROCKET LAB CORP 0.0%

Value $2.372M (+57.5%) Shares 33,674 (+5.1%) Est. Cost $26.07 Unrealized +119.9%

PDD PDD HOLDINGS INC 0.1%

Value $26.01M (+2.7%) Shares 228,515 (+17.9%) Est. Cost $118.94 Unrealized —

EVO EVOTEC AG 0.0%

Value $1.745M (+64.2%) Shares 559,343 (+86.3%) Est. Cost $3.68 Unrealized —

TOST TOAST INC 0.0%

Value $1.973M (+52.6%) Shares 54,367 (+56.1%) Est. Cost $38.24 Unrealized -5.7%

BMRN BIOMARIN PHARMACEUTICAL INC 0.0%

Value $1.113M (+114.2%) Shares 18,876 (+96.1%) Est. Cost $69.23 Unrealized -21.4%

GRAB GRAB HOLDINGS LIMITED 0.0%

Value $4.903M (-8.7%) Shares 967,125 (+10.0%) Est. Cost $3.46 Unrealized +59.7%

PRI PRIMERICA INC 0.0%

Value $16.52M (-2.3%) Shares 63,400 (+3.6%) Est. Cost $145.73 Unrealized +79.0%

GOOGL ALPHABET INC 0.0%

Value $315K (+39.7%) Shares 1,003 (+8.7%) Est. Cost $215.29 Unrealized +32.7%

IBKR INTERACTIVE BROKERS GROUP IN 0.0%

Value $256K (+2.7%) Shares 3,936 (+8.7%) Est. Cost $63.11 Unrealized +6.0%

TCOM TRIP COM GROUP LTD 0.0%

Value $238K (-2.1%) Shares 3,285 (+3.1%) Est. Cost $48.89 Unrealized —

FUTU FUTU HLDGS LTD 0.0%

Value $216K (-2.0%) Shares 1,304 (+3.0%) Est. Cost $173.41 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WELL	WELLTOWER INC	3,281,537 (+2217.2%)	$617M (+2372.4%)	1.3%	$184.81	+0.9%	COM	95040Q104
TEVA	TEVA PHARMACEUTICAL INDS LTD	14,007,078 (+5492.8%)	$439M (+9038.7%)	0.9%	$31.11	—	SPONSORED ADS	881624209
EFA	ISHARES TR	1,526,607 (+10818.4%)	$147M (+11223.5%)	0.3%	$96.32	—	MSCI EAFE ETF	464287465
CRS	CARPENTER TECHNOLOGY CORP	433,914 (+21.4%)	$138M (+60.3%)	0.3%	$219.98	+36.6%	COM	144285103
TPR	TAPESTRY INC	939,143 (+15.2%)	$122M (+33.9%)	0.3%	$87.78	+29.9%	COM	876030107
FTAI	FTAI AVIATION LTD	387,646 (+20.6%)	$76.63M (+46.0%)	0.2%	$108.04	+57.6%	SHS	G3730V105
FIX	COMFORT SYS USA INC	93,706 (+15.9%)	$88.73M (+36.9%)	0.2%	$529.55	+74.3%	COM	199908104
CX	CEMEX SAB DE CV	6,037,845 (+12.2%)	$70.1M (+43.9%)	0.1%	$9.33	—	SPON ADR NEW	151290889
AGX	ARGAN INC	226,173 (+12.8%)	$71.34M (+31.3%)	0.1%	$209.07	+51.5%	COM	04010E109
TSEM	TOWER SEMICONDUCTOR LTD	185,982 (+126.0%)	$22.44M (+286.7%)	0.0%	$77.86	+23.7%	SHS NEW	M87915274
SN	SHARKNINJA INC	760,539 (+15.0%)	$86.47M (+23.1%)	0.2%	$92.23	+6.9%	COM SHS	G8068L108
BAP	CREDICORP LTD	285,999 (+11.1%)	$82.94M (+20.4%)	0.2%	$139.10	+90.4%	COM	G2519Y108
FLY	FIREFLY AEROSPACE INC	681,341 (+3.0%)	$15.48M (-36.7%)	0.0%	$44.31	-47.8%	COM	31816X106
NOVT	NOVANTA INC	196,496 (+26.2%)	$23.75M (+52.4%)	0.0%	$137.63	-17.3%	COM	67000B104
SONY	SONY GROUP CORP	445,557 (+176.9%)	$11.46M (+144.7%)	0.0%	$26.45	—	SPONSORED ADR	835699307
ENSG	ENSIGN GROUP INC	198,898 (+17.4%)	$35.15M (+20.9%)	0.1%	$107.49	+67.1%	COM	29358P101
HLN	HALEON PLC	1,013,242 (+108.2%)	$10.21M (+137.4%)	0.0%	$9.74	—	SPON ADS	405552100
WWW	WOLVERINE WORLD WIDE INC	1,224,125 (+21.4%)	$22.07M (-19.7%)	0.0%	$21.12	-4.9%	COM	978097103
BLD	TOPBUILD CORP	54,165 (+19.9%)	$23.03M (+29.8%)	0.0%	$404.07	+6.1%	COM	89055F103
TXRH	TEXAS ROADHOUSE INC	127,100 (+32.2%)	$21.28M (+32.7%)	0.0%	$108.47	+55.6%	COM	882681109
MLCO	MELCO RESORTS AND ENTMNT LTD	4,073,099 (+12.4%)	$31M (-13.1%)	0.1%	$9.59	—	ADR	585464100
SBS	COMPANHIA DE SANEAMENTO BASI	442,683 (+76.1%)	$10.69M (+73.8%)	0.0%	$20.42	—	SPONSORED ADR	20441A102
INTR	INTER & CO INC	11,049,508 (+4.4%)	$93.92M (-4.3%)	0.2%	$6.51	+34.2%	CLASS A COM	G4R20B107
TT	TRANE TECHNOLOGIES PLC	23,716 (+92.4%)	$9.29M (+81.9%)	0.0%	$362.92	+14.0%	SHS	G8994E103
KTOS	KRATOS DEFENSE & SEC SOLUTIO	287,182 (+41.1%)	$21.82M (+21.7%)	0.0%	$69.24	+18.2%	COM NEW	50077B207
CB	CHUBB LIMITED	21,524 (+91.9%)	$6.762M (+115.7%)	0.0%	$263.50	+11.0%	COM	H1467J104
ATRC	ATRICURE INC	372,682 (+14.4%)	$14.97M (+31.8%)	0.0%	$39.75	-7.8%	COM	04963C209
ACIW	ACI WORLDWIDE INC	442,257 (+30.3%)	$21.28M (+19.8%)	0.0%	$35.09	+38.3%	COM	004498101
PAC	GRUPO AEROPUERTO DEL PACIFIC	17,112 (+242.1%)	$4.504M (+269.9%)	0.0%	$242.85	—	SPON ADS B	400506101
KSPI	KASPI KZ JSC	248,086 (+23.5%)	$19.61M (+19.3%)	0.0%	$119.73	—	SPONSORED ADS	48581R205
BN	BROOKFIELD CORP	199,116 (+115.3%)	$9.217M (+44.2%)	0.0%	$40.13	+13.5%	CL A LTD VT SH	11271J107
PNTG	PENNANT GROUP INC	655,410 (+2.5%)	$18.88M (+17.2%)	0.0%	$24.58	+8.2%	COM	70805E109
BIDU	BAIDU INC	42,564 (+100.0%)	$5.635M (+96.4%)	0.0%	$128.07	—	SPON ADR REP A	056752108
BABA	ALIBABA GROUP HLDG LTD	55,789 (+80.7%)	$8.221M (+48.0%)	0.0%	$142.85	—	SPONSORED ADS	01609W102
AS	AMER SPORTS INC	195,848 (+35.9%)	$7.393M (+48.2%)	0.0%	$19.96	+71.9%	COM SHS	G0260P102
SLB	SLB LIMITED	107,410 (+105.7%)	$4.141M (+125.8%)	0.0%	$37.28	-3.3%	COM STK	806857108
RELX	RELX PLC	139,836 (+85.4%)	$5.749M (+61.7%)	0.0%	$41.16	—	SPONSORED ADR	759530108
BZ	KANZHUN LIMITED	322,288 (+64.5%)	$6.591M (+43.5%)	0.0%	$19.50	—	SPONSORED ADS	48553T106
GIB	CGI INC	42,176 (+93.6%)	$3.922M (+102.4%)	0.0%	$94.23	-5.5%	CL A SUB VTG	12532H104
BTI	BRITISH AMERN TOB PLC	59,075 (+93.6%)	$3.341M (+107.2%)	0.0%	$54.63	—	SPONSORED ADR	110448107
META	META PLATFORMS INC	23,270 (+1.5%)	$15.5M (-9.1%)	0.0%	$511.47	+30.5%	CL A	30303M102
NBIS	NEBIUS GROUP N.V.	163,365 (+18.2%)	$13.91M (-8.7%)	0.0%	$43.80	+136.6%	SHS CLASS A	N97284108
RKLB	ROCKET LAB CORP	33,674 (+5.1%)	$2.372M (+57.5%)	0.0%	$26.07	+119.9%	COM	773121108
PDD	PDD HOLDINGS INC	228,515 (+17.9%)	$26.01M (+2.7%)	0.1%	$118.94	—	SPONSORED ADS	722304102
EVO	EVOTEC AG	559,343 (+86.3%)	$1.745M (+64.2%)	0.0%	$3.68	—	SPONSORED ADS	30050E105
TOST	TOAST INC	54,367 (+56.1%)	$1.973M (+52.6%)	0.0%	$38.24	-5.7%	CL A	888787108
BMRN	BIOMARIN PHARMACEUTICAL INC	18,876 (+96.1%)	$1.113M (+114.2%)	0.0%	$69.23	-21.4%	COM	09061G101
GRAB	GRAB HOLDINGS LIMITED	967,125 (+10.0%)	$4.903M (-8.7%)	0.0%	$3.46	+59.7%	CLASS A ORD	G4124C109
PRI	PRIMERICA INC	63,400 (+3.6%)	$16.52M (-2.3%)	0.0%	$145.73	+79.0%	COM	74164M108
GOOGL	ALPHABET INC	1,003 (+8.7%)	$315K (+39.7%)	0.0%	$215.29	+32.7%	CAP STK CL A	02079K305
IBKR	INTERACTIVE BROKERS GROUP IN	3,936 (+8.7%)	$256K (+2.7%)	0.0%	$63.11	+6.0%	COM CL A	45841N107
TCOM	TRIP COM GROUP LTD	3,285 (+3.1%)	$238K (-2.1%)	0.0%	$48.89	—	ADS	89677Q107
FUTU	FUTU HLDGS LTD	1,304 (+3.0%)	$216K (-2.0%)	0.0%	$173.41	—	SPON ADS CL A	36118L106

Exited Positions (23)

UNH UNITEDHEALTH GROUP INC 0.9%

Value $433M Shares 1,254,752 Est. Cost $475.14 Unrealized -29.0%

STE STERIS PLC 0.6%

Value $288M Shares 1,171,994 Est. Cost $135.03 Unrealized +86.0%

— CUSHMAN WAKEFIELD PLC 0.1%

Value $32.48M Shares 2,026,167 Est. Cost $15.36 Unrealized —

WAL WESTERN ALLIANCE BANCORP 0.1%

Value $25.27M Shares 290,047 Est. Cost $58.61 Unrealized +37.6%

WIX WIX COM LTD 0.0%

Value $21.6M Shares 119,521 Est. Cost $162.09 Unrealized -25.4%

POWL POWELL INDS INC 0.0%

Value $20.09M Shares 66,300 Est. Cost $262.08 Unrealized +28.4%

LEU CENTRUS ENERGY CORP 0.0%

Value $14.34M Shares 45,447 Est. Cost $221.21 Unrealized +36.5%

AMWD AMERICAN WOODMARK CORPORATIO 0.0%

Value $13.85M Shares 203,576 Est. Cost $66.11 Unrealized -11.4%

KVYO KLAVIYO INC 0.0%

Value $12.26M Shares 389,303 Est. Cost $36.07 Unrealized -22.3%

FWRG FIRST WATCH RESTAURANT GROUP 0.0%

Value $11.7M Shares 736,665 Est. Cost $21.10 Unrealized -20.1%

GRBK GREEN BRICK PARTNERS INC 0.0%

Value $11.18M Shares 152,362 Est. Cost $70.42 Unrealized -6.4%

LRN STRIDE INC 0.0%

Value $11.12M Shares 74,141 Est. Cost $95.13 Unrealized -4.6%

FOXF FOX FACTORY HLDG CORP 0.0%

Value $10.57M Shares 426,531 Est. Cost $28.17 Unrealized -32.3%

POWI POWER INTEGRATIONS INC 0.0%

Value $10.18M Shares 258,581 Est. Cost $67.97 Unrealized -44.5%

SPSC SPS COMM INC 0.0%

Value $9.906M Shares 94,296 Est. Cost $119.01 Unrealized -22.1%

INSP INSPIRE MED SYS INC 0.0%

Value $8.093M Shares 107,032 Est. Cost $175.27 Unrealized -45.4%

CRMT AMERICAS CAR-MART INC 0.0%

Value $7.62M Shares 259,274 Est. Cost $71.48 Unrealized -66.4%

BHVN BIOHAVEN LTD 0.0%

Value $4.22M Shares 287,860 Est. Cost $38.23 Unrealized -67.6%

RMD RESMED INC 0.0%

Value $3.11M Shares 11,474 Est. Cost $272.23 Unrealized -6.2%

TREX TREX CO INC 0.0%

Value $2.033M Shares 39,566 Est. Cost $61.28 Unrealized -34.0%

BALL BALL CORP 0.0%

Value $250K Shares 5,032 Est. Cost $51.81 Unrealized -5.3%

ORCL ORACLE CORP 0.0%

Value $249K Shares 881 Est. Cost $160.80 Unrealized +48.0%

YSG YATSEN HLDG LTD 0.0%

Value $114K Shares 12,252 Est. Cost $9.31 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNH	UNITEDHEALTH GROUP INC	1,254,752	$433M	0.9%	$475.14	-29.0%	—	91324P102
STE	STERIS PLC	1,171,994	$288M	0.6%	$135.03	+86.0%	—	G8473T100
—	CUSHMAN WAKEFIELD PLC	2,026,167	$32.48M	0.1%	$15.36	—	—	G2717B108
WAL	WESTERN ALLIANCE BANCORP	290,047	$25.27M	0.1%	$58.61	+37.6%	—	957638109
WIX	WIX COM LTD	119,521	$21.6M	0.0%	$162.09	-25.4%	—	M98068105
POWL	POWELL INDS INC	66,300	$20.09M	0.0%	$262.08	+28.4%	—	739128106
LEU	CENTRUS ENERGY CORP	45,447	$14.34M	0.0%	$221.21	+36.5%	—	15643U104
AMWD	AMERICAN WOODMARK CORPORATIO	203,576	$13.85M	0.0%	$66.11	-11.4%	—	030506109
KVYO	KLAVIYO INC	389,303	$12.26M	0.0%	$36.07	-22.3%	—	49845K101
FWRG	FIRST WATCH RESTAURANT GROUP	736,665	$11.7M	0.0%	$21.10	-20.1%	—	33748L101
GRBK	GREEN BRICK PARTNERS INC	152,362	$11.18M	0.0%	$70.42	-6.4%	—	392709101
LRN	STRIDE INC	74,141	$11.12M	0.0%	$95.13	-4.6%	—	86333M108
FOXF	FOX FACTORY HLDG CORP	426,531	$10.57M	0.0%	$28.17	-32.3%	—	35138V102
POWI	POWER INTEGRATIONS INC	258,581	$10.18M	0.0%	$67.97	-44.5%	—	739276103
SPSC	SPS COMM INC	94,296	$9.906M	0.0%	$119.01	-22.1%	—	78463M107
INSP	INSPIRE MED SYS INC	107,032	$8.093M	0.0%	$175.27	-45.4%	—	457730109
CRMT	AMERICAS CAR-MART INC	259,274	$7.62M	0.0%	$71.48	-66.4%	—	03062T105
BHVN	BIOHAVEN LTD	287,860	$4.22M	0.0%	$38.23	-67.6%	—	G1110E107
RMD	RESMED INC	11,474	$3.11M	0.0%	$272.23	-6.2%	—	761152107
TREX	TREX CO INC	39,566	$2.033M	0.0%	$61.28	-34.0%	—	89531P105
BALL	BALL CORP	5,032	$250K	0.0%	$51.81	-5.3%	—	058498106
ORCL	ORACLE CORP	881	$249K	0.0%	$160.80	+48.0%	—	68389X105
YSG	YATSEN HLDG LTD	12,252	$114K	0.0%	$9.31	—	—	985194208

Decreased Positions (129)

SPOT SPOTIFY TECHNOLOGY S A 2.9%

Value $1.416B (-42.0%) Shares 2,455,726 (-26.8%) Est. Cost $306.00 Unrealized +104.3%

HOOD ROBINHOOD MKTS INC 1.2%

Value $595M (-49.6%) Shares 5,157,765 (-40.3%) Est. Cost $58.87 Unrealized +120.9%

CPNG COUPANG INC 2.4%

Value $1.164B (-27.6%) Shares 48,251,523 (-1.6%) Est. Cost $17.46 Unrealized +63.0%

WDC WESTERN DIGITAL CORP 2.4%

Value $1.178B (+48.9%) Shares 6,691,209 (-1.3%) Est. Cost $81.60 Unrealized +85.7%

MNDY MONDAY COM LTD 1.1%

Value $547M (-35.2%) Shares 3,761,924 (-10.1%) Est. Cost $212.48 Unrealized -20.7%

MELI MERCADOLIBRE INC 2.0%

Value $985M (-20.8%) Shares 487,561 (-2.0%) Est. Cost $1328.57 Unrealized +58.1%

APP APPLOVIN CORP 6.8%

Value $3.299B (-6.3%) Shares 4,756,310 (-3.8%) Est. Cost $62.52 Unrealized +907.8%

LIN LINDE PLC 2.9%

Value $1.402B (-13.0%) Shares 3,274,048 (-3.2%) Est. Cost $325.59 Unrealized +31.2%

TSM TAIWAN SEMICONDUCTOR MFG LTD 6.1%

Value $2.942B (+6.7%) Shares 9,819,196 (-2.7%) Est. Cost $174.07 Unrealized —

ASML ASML HOLDING N V 4.2%

Value $2.027B (+8.9%) Shares 1,890,995 (-2.2%) Est. Cost $359.57 Unrealized —

ILMN ILLUMINA INC 1.1%

Value $540M (+40.7%) Shares 4,071,325 (-2.6%) Est. Cost $131.99 Unrealized -11.1%

AJG GALLAGHER ARTHUR J & CO 1.3%

Value $623M (-16.2%) Shares 2,380,294 (-2.1%) Est. Cost $181.17 Unrealized +45.8%

GDDY GODADDY INC 0.9%

Value $414M (-21.9%) Shares 3,280,947 (-12.2%) Est. Cost $180.85 Unrealized -28.4%

PM PHILIP MORRIS INTL INC 3.6%

Value $1.75B (-4.7%) Shares 10,806,217 (-4.1%) Est. Cost $167.21 Unrealized -8.2%

ACGL ARCH CAP GROUP LTD 2.6%

Value $1.284B (+5.7%) Shares 13,283,915 (-1.8%) Est. Cost $64.78 Unrealized +41.2%

VRTX VERTEX PHARMACEUTICALS INC 1.1%

Value $512M (+12.7%) Shares 1,129,145 (-1.8%) Est. Cost $463.38 Unrealized -7.0%

GLW CORNING INC 1.5%

Value $731M (+8.0%) Shares 8,224,770 (-2.5%) Est. Cost $64.97 Unrealized +32.3%

RACE FERRARI N V 0.3%

Value $158M (-24.3%) Shares 424,528 (-2.1%) Est. Cost $184.08 Unrealized +117.4%

IBN ICICI BANK LIMITED 3.3%

Value $1.591B (-3.1%) Shares 53,308,528 (-1.6%) Est. Cost $22.01 Unrealized —

SAP SAP SE 0.6%

Value $274M (-15.0%) Shares 1,119,733 (-8.3%) Est. Cost $249.82 Unrealized —

MCK MCKESSON CORP 1.6%

Value $781M (+6.1%) Shares 944,071 (-2.3%) Est. Cost $353.05 Unrealized +131.0%

GE GE AEROSPACE 1.5%

Value $721M (+4.3%) Shares 2,312,597 (-1.8%) Est. Cost $98.90 Unrealized +204.1%

LPLA LPL FINL HLDGS INC 1.3%

Value $619M (+4.3%) Shares 1,721,473 (-1.2%) Est. Cost $208.63 Unrealized +69.5%

NVO NOVO-NORDISK A S 0.3%

Value $128M (-15.3%) Shares 2,508,292 (-8.2%) Est. Cost $99.23 Unrealized —

THC TENET HEALTHCARE CORP 0.2%

Value $80.71M (-21.4%) Shares 400,968 (-21.4%) Est. Cost $169.61 Unrealized +19.1%

ICLR ICON PLC 0.0%

Value $4.419M (-81.2%) Shares 24,145 (-83.2%) Est. Cost $182.29 Unrealized -2.3%

CP CANADIAN PACIFIC KANSAS CITY 2.5%

Value $1.211B (-1.4%) Shares 16,306,938 (-2.6%) Est. Cost $77.60 Unrealized -5.1%

CLS CELESTICA INC 0.3%

Value $157M (-9.9%) Shares 524,725 (-26.0%) Est. Cost $50.44 Unrealized +497.5%

GEV GE VERNOVA INC 0.8%

Value $394M (-4.0%) Shares 597,527 (-12.3%) Est. Cost $197.94 Unrealized +207.7%

ADUS ADDUS HOMECARE CORP 0.1%

Value $34.23M (-32.4%) Shares 315,069 (-26.7%) Est. Cost $85.76 Unrealized +33.9%

VRNS VARONIS SYS INC 0.0%

Value $9.57M (-62.7%) Shares 289,128 (-33.1%) Est. Cost $51.99 Unrealized -19.3%

RMBS RAMBUS INC DEL 0.0%

Value $16.32M (-47.5%) Shares 172,366 (-42.3%) Est. Cost $58.88 Unrealized +67.1%

AON AON PLC 1.5%

Value $708M (-2.0%) Shares 1,986,128 (-2.5%) Est. Cost $212.38 Unrealized +64.4%

NVDA NVIDIA CORPORATION 1.7%

Value $849M (+1.6%) Shares 4,527,198 (-1.5%) Est. Cost $94.24 Unrealized +97.5%

KLAR KLARNA GROUP PLC 0.0%

Value $3.521M (-78.0%) Shares 121,219 (-71.0%) Est. Cost $42.59 Unrealized -19.4%

CTVA CORTEVA INC 1.2%

Value $593M (-2.0%) Shares 8,805,284 (-1.4%) Est. Cost $59.27 Unrealized +8.9%

ESI ELEMENT SOLUTIONS INC 0.1%

Value $26.11M (-30.4%) Shares 1,033,380 (-31.2%) Est. Cost $19.08 Unrealized +35.8%

VRRM VERRA MOBILITY CORP 0.1%

Value $29.37M (-26.1%) Shares 1,300,645 (-19.0%) Est. Cost $13.94 Unrealized +63.8%

SMTC SEMTECH CORP 0.0%

Value $21.37M (-32.7%) Shares 284,347 (-44.5%) Est. Cost $43.80 Unrealized +62.0%

V VISA INC 1.5%

Value $738M (+1.4%) Shares 2,086,267 (-2.4%) Est. Cost $163.52 Unrealized +108.2%

CVLT COMMVAULT SYS INC 0.0%

Value $15.26M (-38.1%) Shares 120,362 (-5.8%) Est. Cost $163.02 Unrealized -13.7%

STRL STERLING INFRASTRUCTURE INC 0.0%

Value $16.05M (-35.1%) Shares 52,156 (-28.0%) Est. Cost $173.29 Unrealized +98.8%

CNQ CANADIAN NAT RES LTD 0.3%

Value $142M (-5.2%) Shares 4,183,999 (-9.7%) Est. Cost $32.41 Unrealized +0.0%

KRMN KARMAN HLDGS INC 0.0%

Value $17.11M (-31.0%) Shares 229,297 (-34.1%) Est. Cost $40.57 Unrealized +78.5%

TTAN SERVICETITAN INC 0.0%

Value $19.66M (-27.6%) Shares 183,464 (-30.4%) Est. Cost $107.09 Unrealized -8.8%

MRCY MERCURY SYS INC 0.0%

Value $19.56M (-25.8%) Shares 264,889 (-24.4%) Est. Cost $54.07 Unrealized +37.6%

CRDO CREDO TECHNOLOGY GROUP HOLDI 0.0%

Value $9.67M (-40.9%) Shares 66,729 (-40.4%) Est. Cost $50.26 Unrealized +206.0%

CGNX COGNEX CORP 0.0%

Value $13.83M (-31.8%) Shares 380,130 (-14.6%) Est. Cost $40.34 Unrealized +0.2%

WCN WASTE CONNECTIONS INC 2.3%

Value $1.12B (-0.6%) Shares 6,286,390 (-2.7%) Est. Cost $133.24 Unrealized +29.7%

VRTS VIRTUS INVT PARTNERS INC 0.0%

Value $14.41M (-30.1%) Shares 87,812 (-18.4%) Est. Cost $119.20 Unrealized +38.9%

IPAR INTERPARFUMS INC 0.0%

Value $12.53M (-31.1%) Shares 148,055 (-18.4%) Est. Cost $68.10 Unrealized +29.3%

WH WYNDHAM HOTELS & RESORTS INC 0.0%

Value $16.17M (-25.8%) Shares 211,065 (-21.6%) Est. Cost $60.18 Unrealized +25.3%

CDRE CADRE HLDGS INC 0.0%

Value $15.51M (-26.0%) Shares 371,519 (-35.8%) Est. Cost $34.53 Unrealized +20.0%

LLY ELI LILLY & CO 0.0%

Value $17.21M (+44.7%) Shares 15,936 (-2.6%) Est. Cost $747.44 Unrealized +27.8%

RARE ULTRAGENYX PHARMACEUTICAL IN 0.0%

Value $3.719M (-57.5%) Shares 163,272 (-43.3%) Est. Cost $43.98 Unrealized -25.2%

AAON AAON INC 0.0%

Value $20.85M (-19.0%) Shares 265,163 (-5.7%) Est. Cost $96.61 Unrealized -4.5%

BOOT BOOT BARN HLDGS INC 0.0%

Value $15.59M (-23.6%) Shares 87,455 (-28.9%) Est. Cost $89.47 Unrealized +108.5%

NSIT INSIGHT ENTERPRISES INC 0.0%

Value $11.85M (-28.8%) Shares 142,888 (-3.4%) Est. Cost $162.94 Unrealized -42.4%

HLMN HILLMAN SOLUTIONS CORP 0.0%

Value $19.05M (-20.0%) Shares 2,169,564 (-16.3%) Est. Cost $8.76 Unrealized +2.9%

ICFI ICF INTL INC 0.0%

Value $14.87M (-23.0%) Shares 171,972 (-17.1%) Est. Cost $119.44 Unrealized -28.9%

VIST VISTA ENERGY S.A.B. DE C.V. 0.0%

Value $16.73M (+33.2%) Shares 345,090 (-2.7%) Est. Cost $51.13 Unrealized —

PFGC PERFORMANCE FOOD GROUP CO 0.0%

Value $17.59M (-18.2%) Shares 194,990 (-5.5%) Est. Cost $51.44 Unrealized +87.7%

DORM DORMAN PRODS INC 0.0%

Value $16.25M (-19.1%) Shares 129,276 (-2.5%) Est. Cost $86.36 Unrealized +56.3%

HAYW HAYWARD HLDGS INC 0.0%

Value $20.55M (-15.6%) Shares 1,304,976 (-20.0%) Est. Cost $12.02 Unrealized +31.5%

IBP INSTALLED BLDG PRODS INC 0.0%

Value $20.75M (-14.3%) Shares 78,444 (-19.1%) Est. Cost $208.49 Unrealized +23.9%

RH RH 0.0%

Value $18.22M (-13.2%) Shares 100,147 (-5.6%) Est. Cost $259.33 Unrealized -34.1%

GKOS GLAUKOS CORP 0.0%

Value $11.12M (+33.0%) Shares 97,367 (-5.4%) Est. Cost $110.84 Unrealized -13.8%

AXSM AXSOME THERAPEUTICS INC 0.0%

Value $16.67M (+18.4%) Shares 112,058 (-6.4%) Est. Cost $65.97 Unrealized +111.6%

WING WINGSTOP INC 0.0%

Value $23.29M (-9.9%) Shares 96,900 (-5.6%) Est. Cost $304.11 Unrealized -18.6%

JLL JONES LANG LASALLE INC 0.0%

Value $3.008M (-45.4%) Shares 8,871 (-51.6%) Est. Cost $160.39 Unrealized +95.4%

APG API GROUP CORP 0.0%

Value $2.725M (-47.7%) Shares 70,123 (-53.9%) Est. Cost $20.51 Unrealized +80.3%

RVMD REVOLUTION MEDICINES INC 0.0%

Value $9.339M (-20.0%) Shares 117,215 (-53.7%) Est. Cost $46.52 Unrealized +40.9%

RDNT RADNET INC 0.0%

Value $19.18M (-10.2%) Shares 268,224 (-6.1%) Est. Cost $70.52 Unrealized +9.5%

RGEN REPLIGEN CORP 0.0%

Value $10.6M (+25.6%) Shares 63,604 (-6.5%) Est. Cost $199.21 Unrealized -21.4%

PEN PENUMBRA INC 0.0%

Value $12.9M (+18.8%) Shares 41,053 (-4.9%) Est. Cost $230.52 Unrealized +19.8%

HQY HEALTHEQUITY INC 0.0%

Value $21.64M (-8.6%) Shares 233,960 (-5.8%) Est. Cost $102.05 Unrealized -6.2%

SITE SITEONE LANDSCAPE SUPPLY INC 0.0%

Value $15.76M (-11.4%) Shares 124,374 (-10.6%) Est. Cost $139.82 Unrealized -9.4%

MDGL MADRIGAL PHARMACEUTICALS INC 0.0%

Value $10.07M (+24.3%) Shares 17,254 (-5.7%) Est. Cost $373.08 Unrealized +36.9%

EVR EVERCORE INC 0.1%

Value $35.68M (-4.6%) Shares 103,822 (-5.5%) Est. Cost $160.03 Unrealized +100.5%

AIT APPLIED INDL TECHNOLOGIES IN 0.1%

Value $34.92M (-4.7%) Shares 133,692 (-5.7%) Est. Cost $173.03 Unrealized +47.4%

CHDN CHURCHILL DOWNS INC 0.0%

Value $17.73M (+9.9%) Shares 154,638 (-5.8%) Est. Cost $125.14 Unrealized -17.3%

RRX REGAL REXNORD CORPORATION 0.0%

Value $21.19M (-6.9%) Shares 148,832 (-5.6%) Est. Cost $130.77 Unrealized +8.8%

WSO WATSCO INC 0.0%

Value $1.458M (-51.5%) Shares 4,250 (-43.5%) Est. Cost $294.21 Unrealized +21.4%

ZBRA ZEBRA TECHNOLOGIES CORPORATI 0.0%

Value $1.343M (-52.7%) Shares 5,444 (-43.1%) Est. Cost $269.47 Unrealized -0.8%

SKWD SKYWARD SPECIALTY INS GROUP 0.0%

Value $16.76M (-8.0%) Shares 323,705 (-16.3%) Est. Cost $48.49 Unrealized -0.9%

ENTG ENTEGRIS INC 0.0%

Value $1.651M (-46.6%) Shares 19,045 (-42.4%) Est. Cost $102.85 Unrealized -15.6%

RLI RLI CORP 0.0%

Value $1.847M (-43.4%) Shares 28,607 (-43.5%) Est. Cost $73.82 Unrealized -16.7%

BRO BROWN & BROWN INC 0.0%

Value $1.529M (-46.6%) Shares 19,065 (-38.1%) Est. Cost $56.10 Unrealized +48.6%

MAS MASCO CORP 0.0%

Value $1.556M (-46.2%) Shares 24,231 (-41.3%) Est. Cost $47.90 Unrealized +35.2%

PLUS EPLUS INC 0.1%

Value $28.3M (+4.9%) Shares 319,443 (-15.8%) Est. Cost $51.10 Unrealized +61.5%

PTC PTC INC 0.0%

Value $1.382M (-48.9%) Shares 7,877 (-40.7%) Est. Cost $120.67 Unrealized +54.0%

AVNT AVIENT CORPORATION 0.0%

Value $13.88M (-8.5%) Shares 440,663 (-5.3%) Est. Cost $34.89 Unrealized -11.9%

DY DYCOM INDS INC 0.0%

Value $14.5M (-7.9%) Shares 42,330 (-21.0%) Est. Cost $262.41 Unrealized +20.2%

GGG GRACO INC 0.0%

Value $1.594M (-43.6%) Shares 19,181 (-42.7%) Est. Cost $55.85 Unrealized +46.7%

IDYA IDEAYA BIOSCIENCES INC 0.0%

Value $7.567M (+19.2%) Shares 219,268 (-6.1%) Est. Cost $28.31 Unrealized +12.6%

POOL POOL CORP 0.0%

Value $972K (-55.2%) Shares 4,208 (-39.7%) Est. Cost $332.59 Unrealized -22.0%

LSTR LANDSTAR SYS INC 0.0%

Value $16.81M (-6.6%) Shares 115,778 (-21.8%) Est. Cost $125.59 Unrealized —

TTEK TETRA TECH INC NEW 0.0%

Value $1.606M (-41.8%) Shares 47,266 (-42.4%) Est. Cost $38.43 Unrealized -12.0%

MKSI MKS INC. 0.0%

Value $3.003M (-27.4%) Shares 18,556 (-45.2%) Est. Cost $84.59 Unrealized +75.2%

BAH BOOZ ALLEN HAMILTON HLDG COR 0.0%

Value $1.117M (-49.4%) Shares 13,120 (-41.3%) Est. Cost $95.09 Unrealized -6.9%

AVY AVERY DENNISON CORP 0.0%

Value $1.788M (-35.8%) Shares 9,764 (-43.8%) Est. Cost $170.70 Unrealized +0.9%

MOH MOLINA HEALTHCARE INC 0.0%

Value $1.112M (-47.2%) Shares 6,514 (-40.3%) Est. Cost $206.58 Unrealized -20.4%

SAIA SAIA INC 0.0%

Value $20.93M (+4.8%) Shares 62,989 (-7.1%) Est. Cost $324.27 Unrealized -6.8%

CBZ CBIZ INC 0.0%

Value $14.09M (-6.2%) Shares 274,630 (-1.6%) Est. Cost $64.50 Unrealized -18.5%

TECH BIO-TECHNE CORP 0.0%

Value $12.21M (+7.5%) Shares 206,542 (-5.0%) Est. Cost $53.45 Unrealized +13.6%

CWAN CLEARWATER ANALYTICS HLDGS I 0.0%

Value $10.41M (-7.6%) Shares 432,025 (-30.2%) Est. Cost $20.27 Unrealized -1.2%

BRCB BLACK ROCK COFFEE BAR INC 0.0%

Value $6.679M (-10.0%) Shares 290,760 (-6.4%) Est. Cost $26.13 Unrealized -11.3%

KWR QUAKER HOUGHTON 0.0%

Value $17.11M (+4.3%) Shares 123,147 (-1.1%) Est. Cost $159.09 Unrealized -15.1%

CWST CASELLA WASTE SYS INC 0.0%

Value $15.74M (+3.9%) Shares 156,949 (-5.8%) Est. Cost $87.35 Unrealized +6.3%

PTCT PTC THERAPEUTICS INC 0.0%

Value $8.401M (-5.8%) Shares 110,267 (-25.0%) Est. Cost $52.09 Unrealized +39.5%

RBRK RUBRIK INC. 0.0%

Value $4.282M (-9.2%) Shares 54,990 (-2.9%) Est. Cost $85.96 Unrealized -10.8%

INSM INSMED INC 0.0%

Value $1.805M (-17.8%) Shares 10,368 (-33.1%) Est. Cost $44.94 Unrealized +306.0%

BBIO BRIDGEBIO PHARMA INC 0.0%

Value $13.18M (-2.8%) Shares 174,588 (-33.1%) Est. Cost $23.16 Unrealized +183.4%

ICUI ICU MED INC 0.0%

Value $23.9M (-1.6%) Shares 165,223 (-20.4%) Est. Cost $163.71 Unrealized -18.2%

YETI YETI HLDGS INC 0.0%

Value $19.61M (+1.9%) Shares 442,521 (-21.5%) Est. Cost $38.44 Unrealized +0.1%

YMM FULL TRUCK ALLIANCE CO LTD 0.0%

Value $290K (-55.4%) Shares 26,561 (-46.6%) Est. Cost $10.69 Unrealized —

CBRE CBRE GROUP INC 0.0%

Value $379K (-39.3%) Shares 2,318 (-40.9%) Est. Cost $122.91 Unrealized +27.9%

EGP EASTGROUP PPTYS INC 0.0%

Value $21.3M (+1.2%) Shares 117,342 (-5.6%) Est. Cost $170.65 Unrealized —

VIK VIKING HOLDINGS LTD 0.0%

Value $6.385M (+2.7%) Shares 88,527 (-13.2%) Est. Cost $42.44 Unrealized +50.4%

ASH ASHLAND INC 0.0%

Value $9.414M (-1.0%) Shares 159,149 (-20.3%) Est. Cost $82.98 Unrealized -36.6%

CDW CDW CORP 0.0%

Value $401K (-17.7%) Shares 2,899 (-3.5%) Est. Cost $176.28 Unrealized -16.6%

MKL MARKEL GROUP INC 0.0%

Value $574K (+10.2%) Shares 264 (-3.6%) Est. Cost $1751.77 Unrealized +15.6%

IEX IDEX CORP 0.0%

Value $410K (+6.4%) Shares 2,287 (-3.7%) Est. Cost $196.36 Unrealized -13.0%

CSL CARLISLE COS INC 0.0%

Value $354K (-6.5%) Shares 1,092 (-3.6%) Est. Cost $327.15 Unrealized -1.4%

CHE CHEMED CORP NEW 0.0%

Value $274K (-8.2%) Shares 637 (-3.6%) Est. Cost $562.09 Unrealized -22.6%

RYTM RHYTHM PHARMACEUTICALS INC 0.0%

Value $4.783M (-0.4%) Shares 44,805 (-6.1%) Est. Cost $92.84 Unrealized +14.3%

CHEF CHEFS WHSE INC 0.0%

Value $21.74M (+0.1%) Shares 347,876 (-6.3%) Est. Cost $42.88 Unrealized +40.2%

IRTC IRHYTHM TECHNOLOGIES INC 0.0%

Value $13.09M (-0.1%) Shares 73,292 (-5.1%) Est. Cost $96.87 Unrealized +82.9%

WTM WHITE MTNS INS GROUP LTD 0.0%

Value $22.2M (-0.0%) Shares 10,682 (-19.3%) Est. Cost $1887.46 Unrealized +3.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPOT	SPOTIFY TECHNOLOGY S A	2,455,726 (-26.8%)	$1.416B (-42.0%)	2.9%	$306.00	+104.3%	SHS	L8681T102
HOOD	ROBINHOOD MKTS INC	5,157,765 (-40.3%)	$595M (-49.6%)	1.2%	$58.87	+120.9%	COM CL A	770700102
CPNG	COUPANG INC	48,251,523 (-1.6%)	$1.164B (-27.6%)	2.4%	$17.46	+63.0%	CL A	22266T109
WDC	WESTERN DIGITAL CORP	6,691,209 (-1.3%)	$1.178B (+48.9%)	2.4%	$81.60	+85.7%	COM	958102105
MNDY	MONDAY COM LTD	3,761,924 (-10.1%)	$547M (-35.2%)	1.1%	$212.48	-20.7%	SHS	M7S64H106
MELI	MERCADOLIBRE INC	487,561 (-2.0%)	$985M (-20.8%)	2.0%	$1328.57	+58.1%	COM	58733R102
APP	APPLOVIN CORP	4,756,310 (-3.8%)	$3.299B (-6.3%)	6.8%	$62.52	+907.8%	COM CL A	03831W108
LIN	LINDE PLC	3,274,048 (-3.2%)	$1.402B (-13.0%)	2.9%	$325.59	+31.2%	SHS	G54950103
TSM	TAIWAN SEMICONDUCTOR MFG LTD	9,819,196 (-2.7%)	$2.942B (+6.7%)	6.1%	$174.07	—	SPONSORED ADS	874039100
ASML	ASML HOLDING N V	1,890,995 (-2.2%)	$2.027B (+8.9%)	4.2%	$359.57	—	N Y REGISTRY SHS	N07059210
ILMN	ILLUMINA INC	4,071,325 (-2.6%)	$540M (+40.7%)	1.1%	$131.99	-11.1%	COM	452327109
AJG	GALLAGHER ARTHUR J & CO	2,380,294 (-2.1%)	$623M (-16.2%)	1.3%	$181.17	+45.8%	COM	363576109
GDDY	GODADDY INC	3,280,947 (-12.2%)	$414M (-21.9%)	0.9%	$180.85	-28.4%	CL A	380237107
PM	PHILIP MORRIS INTL INC	10,806,217 (-4.1%)	$1.75B (-4.7%)	3.6%	$167.21	-8.2%	COM	718172109
ACGL	ARCH CAP GROUP LTD	13,283,915 (-1.8%)	$1.284B (+5.7%)	2.6%	$64.78	+41.2%	ORD	G0450A105
VRTX	VERTEX PHARMACEUTICALS INC	1,129,145 (-1.8%)	$512M (+12.7%)	1.1%	$463.38	-7.0%	COM	92532F100
GLW	CORNING INC	8,224,770 (-2.5%)	$731M (+8.0%)	1.5%	$64.97	+32.3%	COM	219350105
RACE	FERRARI N V	424,528 (-2.1%)	$158M (-24.3%)	0.3%	$184.08	+117.4%	COM	N3167Y103
IBN	ICICI BANK LIMITED	53,308,528 (-1.6%)	$1.591B (-3.1%)	3.3%	$22.01	—	ADR	45104G104
SAP	SAP SE	1,119,733 (-8.3%)	$274M (-15.0%)	0.6%	$249.82	—	SPON ADR	803054204
MCK	MCKESSON CORP	944,071 (-2.3%)	$781M (+6.1%)	1.6%	$353.05	+131.0%	COM	58155Q103
GE	GE AEROSPACE	2,312,597 (-1.8%)	$721M (+4.3%)	1.5%	$98.90	+204.1%	COM NEW	369604301
LPLA	LPL FINL HLDGS INC	1,721,473 (-1.2%)	$619M (+4.3%)	1.3%	$208.63	+69.5%	COM	50212V100
NVO	NOVO-NORDISK A S	2,508,292 (-8.2%)	$128M (-15.3%)	0.3%	$99.23	—	ADR	670100205
THC	TENET HEALTHCARE CORP	400,968 (-21.4%)	$80.71M (-21.4%)	0.2%	$169.61	+19.1%	COM NEW	88033G407
ICLR	ICON PLC	24,145 (-83.2%)	$4.419M (-81.2%)	0.0%	$182.29	-2.3%	SHS	G4705A100
CP	CANADIAN PACIFIC KANSAS CITY	16,306,938 (-2.6%)	$1.211B (-1.4%)	2.5%	$77.60	-5.1%	COM	13646K108
CLS	CELESTICA INC	524,725 (-26.0%)	$157M (-9.9%)	0.3%	$50.44	+497.5%	COM	15101Q207
GEV	GE VERNOVA INC	597,527 (-12.3%)	$394M (-4.0%)	0.8%	$197.94	+207.7%	COM	36828A101
ADUS	ADDUS HOMECARE CORP	315,069 (-26.7%)	$34.23M (-32.4%)	0.1%	$85.76	+33.9%	COM	006739106
VRNS	VARONIS SYS INC	289,128 (-33.1%)	$9.57M (-62.7%)	0.0%	$51.99	-19.3%	COM	922280102
RMBS	RAMBUS INC DEL	172,366 (-42.3%)	$16.32M (-47.5%)	0.0%	$58.88	+67.1%	COM	750917106
AON	AON PLC	1,986,128 (-2.5%)	$708M (-2.0%)	1.5%	$212.38	+64.4%	SHS CL A	G0403H108
NVDA	NVIDIA CORPORATION	4,527,198 (-1.5%)	$849M (+1.6%)	1.7%	$94.24	+97.5%	COM	67066G104
KLAR	KLARNA GROUP PLC	121,219 (-71.0%)	$3.521M (-78.0%)	0.0%	$42.59	-19.4%	SHS	G5279N105
CTVA	CORTEVA INC	8,805,284 (-1.4%)	$593M (-2.0%)	1.2%	$59.27	+8.9%	COM	22052L104
ESI	ELEMENT SOLUTIONS INC	1,033,380 (-31.2%)	$26.11M (-30.4%)	0.1%	$19.08	+35.8%	COM	28618M106
VRRM	VERRA MOBILITY CORP	1,300,645 (-19.0%)	$29.37M (-26.1%)	0.1%	$13.94	+63.8%	CL A COM STK	92511U102
SMTC	SEMTECH CORP	284,347 (-44.5%)	$21.37M (-32.7%)	0.0%	$43.80	+62.0%	COM	816850101
V	VISA INC	2,086,267 (-2.4%)	$738M (+1.4%)	1.5%	$163.52	+108.2%	COM CL A	92826C839
CVLT	COMMVAULT SYS INC	120,362 (-5.8%)	$15.26M (-38.1%)	0.0%	$163.02	-13.7%	COM	204166102
STRL	STERLING INFRASTRUCTURE INC	52,156 (-28.0%)	$16.05M (-35.1%)	0.0%	$173.29	+98.8%	COM	859241101
CNQ	CANADIAN NAT RES LTD	4,183,999 (-9.7%)	$142M (-5.2%)	0.3%	$32.41	+0.0%	COM	136385101
KRMN	KARMAN HLDGS INC	229,297 (-34.1%)	$17.11M (-31.0%)	0.0%	$40.57	+78.5%	COMMON STOCK	485924104
TTAN	SERVICETITAN INC	183,464 (-30.4%)	$19.66M (-27.6%)	0.0%	$107.09	-8.8%	SHS CL A	81764X103
MRCY	MERCURY SYS INC	264,889 (-24.4%)	$19.56M (-25.8%)	0.0%	$54.07	+37.6%	COM	589378108
CRDO	CREDO TECHNOLOGY GROUP HOLDI	66,729 (-40.4%)	$9.67M (-40.9%)	0.0%	$50.26	+206.0%	ORDINARY SHARES	G25457105
CGNX	COGNEX CORP	380,130 (-14.6%)	$13.83M (-31.8%)	0.0%	$40.34	+0.2%	COM	192422103
WCN	WASTE CONNECTIONS INC	6,286,390 (-2.7%)	$1.12B (-0.6%)	2.3%	$133.24	+29.7%	COM	94106B101
VRTS	VIRTUS INVT PARTNERS INC	87,812 (-18.4%)	$14.41M (-30.1%)	0.0%	$119.20	+38.9%	COM	92828Q109
IPAR	INTERPARFUMS INC	148,055 (-18.4%)	$12.53M (-31.1%)	0.0%	$68.10	+29.3%	COM	458334109
WH	WYNDHAM HOTELS & RESORTS INC	211,065 (-21.6%)	$16.17M (-25.8%)	0.0%	$60.18	+25.3%	COM	98311A105
CDRE	CADRE HLDGS INC	371,519 (-35.8%)	$15.51M (-26.0%)	0.0%	$34.53	+20.0%	COM	12763L105
LLY	ELI LILLY & CO	15,936 (-2.6%)	$17.21M (+44.7%)	0.0%	$747.44	+27.8%	COM	532457108
RARE	ULTRAGENYX PHARMACEUTICAL IN	163,272 (-43.3%)	$3.719M (-57.5%)	0.0%	$43.98	-25.2%	COM	90400D108
AAON	AAON INC	265,163 (-5.7%)	$20.85M (-19.0%)	0.0%	$96.61	-4.5%	COM PAR $0.004	000360206
BOOT	BOOT BARN HLDGS INC	87,455 (-28.9%)	$15.59M (-23.6%)	0.0%	$89.47	+108.5%	COM	099406100
NSIT	INSIGHT ENTERPRISES INC	142,888 (-3.4%)	$11.85M (-28.8%)	0.0%	$162.94	-42.4%	COM	45765U103
HLMN	HILLMAN SOLUTIONS CORP	2,169,564 (-16.3%)	$19.05M (-20.0%)	0.0%	$8.76	+2.9%	COM	431636109
ICFI	ICF INTL INC	171,972 (-17.1%)	$14.87M (-23.0%)	0.0%	$119.44	-28.9%	COM	44925C103
VIST	VISTA ENERGY S.A.B. DE C.V.	345,090 (-2.7%)	$16.73M (+33.2%)	0.0%	$51.13	—	SPONSORED ADS	92837L109
PFGC	PERFORMANCE FOOD GROUP CO	194,990 (-5.5%)	$17.59M (-18.2%)	0.0%	$51.44	+87.7%	COM	71377A103
DORM	DORMAN PRODS INC	129,276 (-2.5%)	$16.25M (-19.1%)	0.0%	$86.36	+56.3%	COM	258278100
HAYW	HAYWARD HLDGS INC	1,304,976 (-20.0%)	$20.55M (-15.6%)	0.0%	$12.02	+31.5%	COM	421298100
IBP	INSTALLED BLDG PRODS INC	78,444 (-19.1%)	$20.75M (-14.3%)	0.0%	$208.49	+23.9%	COM	45780R101
RH	RH	100,147 (-5.6%)	$18.22M (-13.2%)	0.0%	$259.33	-34.1%	COM	74967X103
GKOS	GLAUKOS CORP	97,367 (-5.4%)	$11.12M (+33.0%)	0.0%	$110.84	-13.8%	COM	377322102
AXSM	AXSOME THERAPEUTICS INC	112,058 (-6.4%)	$16.67M (+18.4%)	0.0%	$65.97	+111.6%	COM	05464T104
WING	WINGSTOP INC	96,900 (-5.6%)	$23.29M (-9.9%)	0.0%	$304.11	-18.6%	COM	974155103
JLL	JONES LANG LASALLE INC	8,871 (-51.6%)	$3.008M (-45.4%)	0.0%	$160.39	+95.4%	COM	48020Q107
APG	API GROUP CORP	70,123 (-53.9%)	$2.725M (-47.7%)	0.0%	$20.51	+80.3%	COM STK	00187Y100
RVMD	REVOLUTION MEDICINES INC	117,215 (-53.7%)	$9.339M (-20.0%)	0.0%	$46.52	+40.9%	COM	76155X100
RDNT	RADNET INC	268,224 (-6.1%)	$19.18M (-10.2%)	0.0%	$70.52	+9.5%	COM	750491102
RGEN	REPLIGEN CORP	63,604 (-6.5%)	$10.6M (+25.6%)	0.0%	$199.21	-21.4%	COM	759916109
PEN	PENUMBRA INC	41,053 (-4.9%)	$12.9M (+18.8%)	0.0%	$230.52	+19.8%	COM	70975L107
HQY	HEALTHEQUITY INC	233,960 (-5.8%)	$21.64M (-8.6%)	0.0%	$102.05	-6.2%	COM	42226A107
SITE	SITEONE LANDSCAPE SUPPLY INC	124,374 (-10.6%)	$15.76M (-11.4%)	0.0%	$139.82	-9.4%	COM	82982L103
MDGL	MADRIGAL PHARMACEUTICALS INC	17,254 (-5.7%)	$10.07M (+24.3%)	0.0%	$373.08	+36.9%	COM	558868105
EVR	EVERCORE INC	103,822 (-5.5%)	$35.68M (-4.6%)	0.1%	$160.03	+100.5%	CLASS A	29977A105
AIT	APPLIED INDL TECHNOLOGIES IN	133,692 (-5.7%)	$34.92M (-4.7%)	0.1%	$173.03	+47.4%	COM	03820C105
CHDN	CHURCHILL DOWNS INC	154,638 (-5.8%)	$17.73M (+9.9%)	0.0%	$125.14	-17.3%	COM	171484108
RRX	REGAL REXNORD CORPORATION	148,832 (-5.6%)	$21.19M (-6.9%)	0.0%	$130.77	+8.8%	COM	758750103
WSO	WATSCO INC	4,250 (-43.5%)	$1.458M (-51.5%)	0.0%	$294.21	+21.4%	COM	942622200
ZBRA	ZEBRA TECHNOLOGIES CORPORATI	5,444 (-43.1%)	$1.343M (-52.7%)	0.0%	$269.47	-0.8%	CL A	989207105
SKWD	SKYWARD SPECIALTY INS GROUP	323,705 (-16.3%)	$16.76M (-8.0%)	0.0%	$48.49	-0.9%	COM	830940102
ENTG	ENTEGRIS INC	19,045 (-42.4%)	$1.651M (-46.6%)	0.0%	$102.85	-15.6%	COM	29362U104
RLI	RLI CORP	28,607 (-43.5%)	$1.847M (-43.4%)	0.0%	$73.82	-16.7%	COM	749607107
BRO	BROWN & BROWN INC	19,065 (-38.1%)	$1.529M (-46.6%)	0.0%	$56.10	+48.6%	COM	115236101
MAS	MASCO CORP	24,231 (-41.3%)	$1.556M (-46.2%)	0.0%	$47.90	+35.2%	COM	574599106
PLUS	EPLUS INC	319,443 (-15.8%)	$28.3M (+4.9%)	0.1%	$51.10	+61.5%	COM	294268107
PTC	PTC INC	7,877 (-40.7%)	$1.382M (-48.9%)	0.0%	$120.67	+54.0%	COM	69370C100
AVNT	AVIENT CORPORATION	440,663 (-5.3%)	$13.88M (-8.5%)	0.0%	$34.89	-11.9%	COM	05368V106
DY	DYCOM INDS INC	42,330 (-21.0%)	$14.5M (-7.9%)	0.0%	$262.41	+20.2%	COM	267475101
GGG	GRACO INC	19,181 (-42.7%)	$1.594M (-43.6%)	0.0%	$55.85	+46.7%	COM	384109104
IDYA	IDEAYA BIOSCIENCES INC	219,268 (-6.1%)	$7.567M (+19.2%)	0.0%	$28.31	+12.6%	COM	45166A102
POOL	POOL CORP	4,208 (-39.7%)	$972K (-55.2%)	0.0%	$332.59	-22.0%	COM	73278L105
LSTR	LANDSTAR SYS INC	115,778 (-21.8%)	$16.81M (-6.6%)	0.0%	$125.59	—	COM	515098101
TTEK	TETRA TECH INC NEW	47,266 (-42.4%)	$1.606M (-41.8%)	0.0%	$38.43	-12.0%	COM	88162G103
MKSI	MKS INC.	18,556 (-45.2%)	$3.003M (-27.4%)	0.0%	$84.59	+75.2%	COM	55306N104
BAH	BOOZ ALLEN HAMILTON HLDG COR	13,120 (-41.3%)	$1.117M (-49.4%)	0.0%	$95.09	-6.9%	CL A	099502106
AVY	AVERY DENNISON CORP	9,764 (-43.8%)	$1.788M (-35.8%)	0.0%	$170.70	+0.9%	COM	053611109
MOH	MOLINA HEALTHCARE INC	6,514 (-40.3%)	$1.112M (-47.2%)	0.0%	$206.58	-20.4%	COM	60855R100
SAIA	SAIA INC	62,989 (-7.1%)	$20.93M (+4.8%)	0.0%	$324.27	-6.8%	COM	78709Y105
CBZ	CBIZ INC	274,630 (-1.6%)	$14.09M (-6.2%)	0.0%	$64.50	-18.5%	COM	124805102
TECH	BIO-TECHNE CORP	206,542 (-5.0%)	$12.21M (+7.5%)	0.0%	$53.45	+13.6%	COM	09073M104
CWAN	CLEARWATER ANALYTICS HLDGS I	432,025 (-30.2%)	$10.41M (-7.6%)	0.0%	$20.27	-1.2%	CL A	185123106
BRCB	BLACK ROCK COFFEE BAR INC	290,760 (-6.4%)	$6.679M (-10.0%)	0.0%	$26.13	-11.3%	CL A	092244102
KWR	QUAKER HOUGHTON	123,147 (-1.1%)	$17.11M (+4.3%)	0.0%	$159.09	-15.1%	COM	747316107
CWST	CASELLA WASTE SYS INC	156,949 (-5.8%)	$15.74M (+3.9%)	0.0%	$87.35	+6.3%	CL A	147448104
PTCT	PTC THERAPEUTICS INC	110,267 (-25.0%)	$8.401M (-5.8%)	0.0%	$52.09	+39.5%	COM	69366J200
RBRK	RUBRIK INC.	54,990 (-2.9%)	$4.282M (-9.2%)	0.0%	$85.96	-10.8%	CL A	781154109
INSM	INSMED INC	10,368 (-33.1%)	$1.805M (-17.8%)	0.0%	$44.94	+306.0%	COM PAR $.01	457669307
BBIO	BRIDGEBIO PHARMA INC	174,588 (-33.1%)	$13.18M (-2.8%)	0.0%	$23.16	+183.4%	COM	10806X102
ICUI	ICU MED INC	165,223 (-20.4%)	$23.9M (-1.6%)	0.0%	$163.71	-18.2%	COM	44930G107
YETI	YETI HLDGS INC	442,521 (-21.5%)	$19.61M (+1.9%)	0.0%	$38.44	+0.1%	COM	98585X104
YMM	FULL TRUCK ALLIANCE CO LTD	26,561 (-46.6%)	$290K (-55.4%)	0.0%	$10.69	—	SPONSORED ADS	35969L108
CBRE	CBRE GROUP INC	2,318 (-40.9%)	$379K (-39.3%)	0.0%	$122.91	+27.9%	CL A	12504L109
EGP	EASTGROUP PPTYS INC	117,342 (-5.6%)	$21.3M (+1.2%)	0.0%	$170.65	—	COM	277276101
VIK	VIKING HOLDINGS LTD	88,527 (-13.2%)	$6.385M (+2.7%)	0.0%	$42.44	+50.4%	ORD SHS	G93A5A101
ASH	ASHLAND INC	159,149 (-20.3%)	$9.414M (-1.0%)	0.0%	$82.98	-36.6%	COM	044186104
CDW	CDW CORP	2,899 (-3.5%)	$401K (-17.7%)	0.0%	$176.28	-16.6%	COM	12514G108
MKL	MARKEL GROUP INC	264 (-3.6%)	$574K (+10.2%)	0.0%	$1751.77	+15.6%	COM	570535104
IEX	IDEX CORP	2,287 (-3.7%)	$410K (+6.4%)	0.0%	$196.36	-13.0%	COM	45167R104
CSL	CARLISLE COS INC	1,092 (-3.6%)	$354K (-6.5%)	0.0%	$327.15	-1.4%	COM	142339100
CHE	CHEMED CORP NEW	637 (-3.6%)	$274K (-8.2%)	0.0%	$562.09	-22.6%	COM	16359R103
RYTM	RHYTHM PHARMACEUTICALS INC	44,805 (-6.1%)	$4.783M (-0.4%)	0.0%	$92.84	+14.3%	COM	76243J105
CHEF	CHEFS WHSE INC	347,876 (-6.3%)	$21.74M (+0.1%)	0.0%	$42.88	+40.2%	COM	163086101
IRTC	IRHYTHM TECHNOLOGIES INC	73,292 (-5.1%)	$13.09M (-0.1%)	0.0%	$96.87	+82.9%	COM	450056106
WTM	WHITE MTNS INS GROUP LTD	10,682 (-19.3%)	$22.2M (-0.0%)	0.0%	$1887.46	+3.6%	COM	G9618E107

Unchanged Positions (23)

SE SEA LTD 6.8%

Value $3.319B Shares 25,862,514 Est. Cost $86.79 Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 3.0%

Value $1.444B Shares 5,154,872 Est. Cost $169.71 Unrealized +52.6%

NU NU HLDGS LTD 2.6%

Value $1.248B Shares 73,938,595 Est. Cost $10.04 Unrealized +60.0%

MSFT MICROSOFT CORP 2.0%

Value $947M Shares 1,942,966 Est. Cost $295.10 Unrealized +69.6%

AMZN AMAZON COM INC 2.9%

Value $1.427B Shares 6,138,238 Est. Cost $135.19 Unrealized +69.2%

AZN ASTRAZENECA PLC 0.5%

Value $246M Shares 2,662,619 Est. Cost $62.21 Unrealized —

RGA REINSURANCE GRP OF AMERICA I 1.2%

Value $563M Shares 2,747,939 Est. Cost $210.19 Unrealized -8.0%

UBS UBS GROUP AG 0.5%

Value $242M Shares 5,211,089 Est. Cost $26.79 Unrealized +50.8%

CSW CSW INDUSTRIALS INC 0.0%

Value $16.05M Shares 53,131 Est. Cost $112.52 Unrealized +136.7%

FIG FIGMA INC 0.0%

Value $2.258M Shares 60,000 Est. Cost $68.66 Unrealized -34.2%

HUBS HUBSPOT INC 0.0%

Value $1.815M Shares 4,473 Est. Cost $512.09 Unrealized -19.1%

NTRA NATERA INC 0.0%

Value $1.529M Shares 6,650 Est. Cost $65.61 Unrealized +217.9%

EWBC EAST WEST BANCORP INC 0.0%

Value $4.885M Shares 42,821 Est. Cost $69.71 Unrealized +50.9%

TDY TELEDYNE TECHNOLOGIES INC 0.0%

Value $2.53M Shares 4,884 Est. Cost $427.37 Unrealized +23.3%

CUBE CUBESMART 0.0%

Value $2.57M Shares 70,771 Est. Cost $49.24 Unrealized —

DT DYNATRACE INC 0.0%

Value $2.233M Shares 50,646 Est. Cost $53.90 Unrealized -13.5%

UMBF UMB FINL CORP 0.0%

Value $21.6M Shares 185,085 Est. Cost $115.25 Unrealized -1.7%

CW CURTISS WRIGHT CORP 0.0%

Value $2.445M Shares 4,378 Est. Cost $361.98 Unrealized +54.1%

REXR REXFORD INDL RLTY INC 0.0%

Value $2.166M Shares 54,510 Est. Cost $51.09 Unrealized —

TTWO TAKE-TWO INTERACTIVE SOFTWAR 0.0%

Value $2.646M Shares 10,261 Est. Cost $157.19 Unrealized +58.6%

APH AMPHENOL CORP NEW 0.0%

Value $271K Shares 1,988 Est. Cost $81.39 Unrealized +64.1%

KSA ISHARES TR 0.0%

Value $50,686 Shares 1,406 Est. Cost $38.66 Unrealized —

SGOV ISHARES TR 0.0%

Value $841K Shares 8,377 Est. Cost $100.67 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SE	SEA LTD	25,862,514	$3.319B	6.8%	$86.79	—	SPONSORD ADS	81141R100
STX	SEAGATE TECHNOLOGY HLDNGS PL	5,154,872	$1.444B	3.0%	$169.71	+52.6%	ORD SHS	G7997R103
NU	NU HLDGS LTD	73,938,595	$1.248B	2.6%	$10.04	+60.0%	ORD SHS CL A	G6683N103
MSFT	MICROSOFT CORP	1,942,966	$947M	2.0%	$295.10	+69.6%	COM	594918104
AMZN	AMAZON COM INC	6,138,238	$1.427B	2.9%	$135.19	+69.2%	COM	023135106
AZN	ASTRAZENECA PLC	2,662,619	$246M	0.5%	$62.21	—	SPONSORED ADR	046353108
RGA	REINSURANCE GRP OF AMERICA I	2,747,939	$563M	1.2%	$210.19	-8.0%	COM NEW	759351604
UBS	UBS GROUP AG	5,211,089	$242M	0.5%	$26.79	+50.8%	SHS	H42097107
CSW	CSW INDUSTRIALS INC	53,131	$16.05M	0.0%	$112.52	+136.7%	COM	126402106
FIG	FIGMA INC	60,000	$2.258M	0.0%	$68.66	-34.2%	CLASS A COM STK	316841105
HUBS	HUBSPOT INC	4,473	$1.815M	0.0%	$512.09	-19.1%	COM	443573100
NTRA	NATERA INC	6,650	$1.529M	0.0%	$65.61	+217.9%	COM	632307104
EWBC	EAST WEST BANCORP INC	42,821	$4.885M	0.0%	$69.71	+50.9%	COM	27579R104
TDY	TELEDYNE TECHNOLOGIES INC	4,884	$2.53M	0.0%	$427.37	+23.3%	COM	879360105
CUBE	CUBESMART	70,771	$2.57M	0.0%	$49.24	—	COM	229663109
DT	DYNATRACE INC	50,646	$2.233M	0.0%	$53.90	-13.5%	COM NEW	268150109
UMBF	UMB FINL CORP	185,085	$21.6M	0.0%	$115.25	-1.7%	COM	902788108
CW	CURTISS WRIGHT CORP	4,378	$2.445M	0.0%	$361.98	+54.1%	COM	231561101
REXR	REXFORD INDL RLTY INC	54,510	$2.166M	0.0%	$51.09	—	COM	76169C100
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	10,261	$2.646M	0.0%	$157.19	+58.6%	COM	874054109
APH	AMPHENOL CORP NEW	1,988	$271K	0.0%	$81.39	+64.1%	CL A	032095101
KSA	ISHARES TR	1,406	$50,686	0.0%	$38.66	—	MSCI SAUDI ARBIA	46434V423
SGOV	ISHARES TR	8,377	$841K	0.0%	$100.67	—	0-3 MNTH TREASRY	46436E718