Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PANW	PALO ALTO NETWORKS INC	624,084	$100M	5.4%	$172.15	0.0%	COM	697435105
DT	DYNATRACE INC	1,054,267	$38.99M	2.1%	$38.41	0.0%	COM	268150109
BMI	BADGER METER INC	185,841	$28.31M	1.5%	$161.78	0.0%	COM	056525108
ESE	ESCO TECHNOLOGIES INC	38,414	$10.81M	0.6%	$239.60	0.0%	COM	296315104
BCPC	BALCHEM CORP	20,102	$3.407M	0.2%	$169.16	0.0%	COM	057665200
SHY	ISHARES TRUST	26,490	$2.187M	0.1%	$82.57	—	COM	464287457
MTSI	MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC	3,929	$873K	0.0%	$221.00	0.0%	COM	55405Y100
—	NOVANTA INC	10,100	$542K	0.0%	$53.64	—	CONV PR	67000B203
ACWX	ISHARES TRUST	3,040	$208K	0.0%	$68.47	—	COM	464288240

Increased Positions (20)

CVLT COMMVAULT SYSTEMS INC 2.3%

Value $42.13M (-37.0%) Shares 540,845 (+1.3%) Est. Cost $66.19 Unrealized +55.4%

TYL TYLER TECHNOLOGIES INC 1.8%

Value $33.88M (+238.6%) Shares 98,942 (+348.9%) Est. Cost $388.06 Unrealized -0.8%

NCNO NCINO INC 1.9%

Value $35.58M (-31.6%) Shares 2,375,396 (+17.1%) Est. Cost $28.75 Unrealized -27.8%

GMED GLOBUS MEDICAL INC 3.1%

Value $57.13M (+34.6%) Shares 663,049 (+36.4%) Est. Cost $79.14 Unrealized +15.1%

VSEC VSE CORP 0.8%

Value $15.64M (+1103.0%) Shares 84,795 (+1027.1%) Est. Cost $201.66 Unrealized +3.1%

SEIC SEI INVESTMENTS CO 3.2%

Value $60.31M (+27.9%) Shares 768,615 (+33.7%) Est. Cost $68.44 Unrealized +23.0%

RGEN REPLIGEN CORP 2.3%

Value $42.15M (-23.2%) Shares 357,720 (+6.7%) Est. Cost $136.25 Unrealized +11.8%

AZTA AZENTA INC 1.5%

Value $27.38M (-19.4%) Shares 1,296,024 (+26.9%) Est. Cost $52.31 Unrealized -33.8%

DORM DORMAN PRODUCTS INC 0.3%

Value $6.307M (+150.9%) Shares 60,435 (+196.1%) Est. Cost $107.04 Unrealized +18.2%

AAON AAON INC 1.2%

Value $22.91M (+10.6%) Shares 276,884 (+1.9%) Est. Cost $83.00 Unrealized +12.2%

TECH BIO-TECHNE CORP 2.9%

Value $53.36M (-3.6%) Shares 1,021,128 (+8.5%) Est. Cost $70.47 Unrealized -9.1%

PODD INSULET CORP 0.2%

Value $4.045M (-24.7%) Shares 19,275 (+2.0%) Est. Cost $312.33 Unrealized -15.4%

KWR QUAKER CHEMICAL CORP 0.3%

Value $4.8M (+33.7%) Shares 38,642 (+47.8%) Est. Cost $141.83 Unrealized +13.1%

GHM GRAHAM CORP 0.2%

Value $4.066M (+35.3%) Shares 51,520 (+10.1%) Est. Cost $34.74 Unrealized +118.2%

DXCM DEXCOM INC 0.8%

Value $15.79M (-4.4%) Shares 251,475 (+1.1%) Est. Cost $90.06 Unrealized -21.3%

STAA STAAR SURGICAL CO 0.9%

Value $16.42M (-3.8%) Shares 878,035 (+18.7%) Est. Cost $33.77 Unrealized -42.4%

VRNS VARONIS SYSTEMS INC 2.7%

Value $49.99M (+1.0%) Shares 2,328,379 (+54.3%) Est. Cost $40.93 Unrealized -28.1%

MMSI MERIT MEDICAL SYSTEMS INC 0.4%

Value $7.98M (-2.7%) Shares 115,775 (+24.4%) Est. Cost $56.61 Unrealized +46.2%

DSGX DESCARTES SYSTEMS GROUP INC (THE) 0.1%

Value $1.37M (-7.8%) Shares 19,138 (+12.9%) Est. Cost $100.51 Unrealized -24.8%

FROG JFROG LTD 0.0%

Value $609K (-10.9%) Shares 12,979 (+18.6%) Est. Cost $37.70 Unrealized +40.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CVLT	COMMVAULT SYSTEMS INC	540,845 (+1.3%)	$42.13M (-37.0%)	2.3%	$66.19	+55.4%	COM	204166102
TYL	TYLER TECHNOLOGIES INC	98,942 (+348.9%)	$33.88M (+238.6%)	1.8%	$388.06	-0.8%	COM	902252105
NCNO	NCINO INC	2,375,396 (+17.1%)	$35.58M (-31.6%)	1.9%	$28.75	-27.8%	COM	63947X101
GMED	GLOBUS MEDICAL INC	663,049 (+36.4%)	$57.13M (+34.6%)	3.1%	$79.14	+15.1%	COM	379577208
VSEC	VSE CORP	84,795 (+1027.1%)	$15.64M (+1103.0%)	0.8%	$201.66	+3.1%	COM	918284100
SEIC	SEI INVESTMENTS CO	768,615 (+33.7%)	$60.31M (+27.9%)	3.2%	$68.44	+23.0%	COM	784117103
RGEN	REPLIGEN CORP	357,720 (+6.7%)	$42.15M (-23.2%)	2.3%	$136.25	+11.8%	COM	759916109
AZTA	AZENTA INC	1,296,024 (+26.9%)	$27.38M (-19.4%)	1.5%	$52.31	-33.8%	COM	114340102
DORM	DORMAN PRODUCTS INC	60,435 (+196.1%)	$6.307M (+150.9%)	0.3%	$107.04	+18.2%	COM	258278100
AAON	AAON INC	276,884 (+1.9%)	$22.91M (+10.6%)	1.2%	$83.00	+12.2%	COM	000360206
TECH	BIO-TECHNE CORP	1,021,128 (+8.5%)	$53.36M (-3.6%)	2.9%	$70.47	-9.1%	COM	09073M104
PODD	INSULET CORP	19,275 (+2.0%)	$4.045M (-24.7%)	0.2%	$312.33	-15.4%	COM	45784P101
KWR	QUAKER CHEMICAL CORP	38,642 (+47.8%)	$4.8M (+33.7%)	0.3%	$141.83	+13.1%	COM	747316107
GHM	GRAHAM CORP	51,520 (+10.1%)	$4.066M (+35.3%)	0.2%	$34.74	+118.2%	COM	384556106
DXCM	DEXCOM INC	251,475 (+1.1%)	$15.79M (-4.4%)	0.8%	$90.06	-21.3%	COM	252131107
STAA	STAAR SURGICAL CO	878,035 (+18.7%)	$16.42M (-3.8%)	0.9%	$33.77	-42.4%	COM	852312305
VRNS	VARONIS SYSTEMS INC	2,328,379 (+54.3%)	$49.99M (+1.0%)	2.7%	$40.93	-28.1%	COM	922280102
MMSI	MERIT MEDICAL SYSTEMS INC	115,775 (+24.4%)	$7.98M (-2.7%)	0.4%	$56.61	+46.2%	COM	589889104
DSGX	DESCARTES SYSTEMS GROUP INC (THE)	19,138 (+12.9%)	$1.37M (-7.8%)	0.1%	$100.51	-24.8%	COM	249906108
FROG	JFROG LTD	12,979 (+18.6%)	$609K (-10.9%)	0.0%	$37.70	+40.5%	COM	M6191J100

Exited Positions (2)

— CYBERARK SOFTWARE LTD 8.2%

Value $153M Shares 342,015 Est. Cost $51.19 Unrealized —

SMMD ISHARES TRUST 0.3%

Value $5.898M Shares 78,709 Est. Cost $74.94 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	CYBERARK SOFTWARE LTD	342,015	$153M	8.2%	$51.19	—	—	M2682V108
SMMD	ISHARES TRUST	78,709	$5.898M	0.3%	$74.94	—	—	46435G268

Decreased Positions (30)

AVAV AEROVIRONMENT INC 4.3%

Value $79.88M (-49.0%) Shares 436,367 (-32.6%) Est. Cost $38.64 Unrealized +667.1%

KTOS KRATOS DEFENSE & SECURITY SOLUTIONS INC 4.1%

Value $75.58M (-39.1%) Shares 1,071,908 (-34.4%) Est. Cost $18.80 Unrealized +444.6%

QLYS QUALYS INC 0.4%

Value $7.358M (-86.3%) Shares 83,752 (-79.3%) Est. Cost $81.77 Unrealized +47.5%

FDS FACTSET RESEARCH SYSTEMS INC 0.5%

Value $9.332M (-76.2%) Shares 43,008 (-68.1%) Est. Cost $161.54 Unrealized +53.0%

IDXX IDEXX LABORATORIES INC 5.0%

Value $93.31M (-24.1%) Shares 166,056 (-8.6%) Est. Cost $88.44 Unrealized +657.9%

SPSC SPS COMMERCE INC 0.3%

Value $4.792M (-82.5%) Shares 86,076 (-71.9%) Est. Cost $161.70 Unrealized -50.6%

MEDP MEDPACE HOLDINGS INC 5.6%

Value $105M (-17.0%) Shares 217,947 (-2.9%) Est. Cost $395.61 Unrealized +37.1%

MANH MANHATTAN ASSOCIATES INC 2.6%

Value $47.63M (-25.1%) Shares 357,807 (-2.5%) Est. Cost $61.86 Unrealized +151.8%

NICE NICE LTD 0.9%

Value $17.38M (-47.3%) Shares 157,593 (-45.9%) Est. Cost $83.73 Unrealized —

RMD RESMED INC 3.2%

Value $59.58M (-19.4%) Shares 265,399 (-13.5%) Est. Cost $65.93 Unrealized +288.2%

VEEV VEEVA SYSTEMS INC 1.9%

Value $36.22M (-27.0%) Shares 206,218 (-7.3%) Est. Cost $83.32 Unrealized +144.8%

CRNC CERENCE INC 0.9%

Value $15.9M (-44.0%) Shares 2,519,289 (-5.1%) Est. Cost $15.38 Unrealized -33.6%

NEO NEOGENOMICS INC 0.9%

Value $16.7M (-38.9%) Shares 2,250,878 (-3.2%) Est. Cost $7.64 Unrealized +54.9%

CGNT COGNYTE SOFTWARE LTD 2.8%

Value $52.62M (-16.6%) Shares 6,496,210 (-3.2%) Est. Cost $12.77 Unrealized -35.1%

NEOG NEOGEN CORP 0.1%

Value $1.242M (-87.3%) Shares 133,657 (-90.4%) Est. Cost $15.66 Unrealized -36.0%

JKHY JACK HENRY & ASSOCIATES INC 2.1%

Value $38.42M (-16.2%) Shares 243,075 (-3.3%) Est. Cost $97.46 Unrealized +80.0%

IPGP IPG PHOTONICS CORP 1.3%

Value $23.94M (+41.9%) Shares 208,918 (-11.3%) Est. Cost $79.91 Unrealized +27.3%

MORN MORNINGSTAR INC 1.0%

Value $18.31M (-25.5%) Shares 108,340 (-4.2%) Est. Cost $106.50 Unrealized +78.7%

FTNT FORTINET INC 3.6%

Value $67.74M (-7.9%) Shares 828,923 (-10.5%) Est. Cost $48.44 Unrealized +65.1%

ICLR ICON PLC 0.0%

Value $362K (-91.6%) Shares 3,270 (-86.2%) Est. Cost $37.15 Unrealized +320.9%

HAE HAEMONETICS CORP 0.2%

Value $3.771M (-36.8%) Shares 66,915 (-10.1%) Est. Cost $41.31 Unrealized +65.1%

SNPS SYNOPSYS INC 0.4%

Value $7.713M (-19.7%) Shares 19,453 (-4.8%) Est. Cost $565.30 Unrealized -16.6%

GNTX GENTEX CORP 0.6%

Value $11.68M (-13.5%) Shares 534,356 (-7.9%) Est. Cost $22.36 Unrealized +7.5%

TW TRADEWEB MARKETS INC 1.6%

Value $29.33M (+5.4%) Shares 249,247 (-3.7%) Est. Cost $78.22 Unrealized +39.7%

NOVT NOVANTA INC 2.4%

Value $44.16M (-2.8%) Shares 373,874 (-2.1%) Est. Cost $116.84 Unrealized +16.2%

MPWR MONOLITHIC POWER SYSTEMS INC 0.4%

Value $6.91M (+17.5%) Shares 6,320 (-2.6%) Est. Cost $208.86 Unrealized +428.9%

ALRM ALARM.COM HOLDINGS INC 0.2%

Value $3.015M (-19.8%) Shares 69,804 (-5.3%) Est. Cost $40.64 Unrealized +19.4%

RBC RBC BEARINGS INC 5.1%

Value $95.29M (-0.8%) Shares 175,443 (-18.1%) Est. Cost $272.99 Unrealized +89.6%

CGNX COGNEX CORP 0.7%

Value $13.3M (+1.5%) Shares 271,533 (-25.5%) Est. Cost $38.27 Unrealized +16.2%

SPY SPDR S&P 500 ETF TRUST 0.1%

Value $1.577M (-8.8%) Shares 2,425 (-4.3%) Est. Cost $346.27 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AVAV	AEROVIRONMENT INC	436,367 (-32.6%)	$79.88M (-49.0%)	4.3%	$38.64	+667.1%	COM	008073108
KTOS	KRATOS DEFENSE & SECURITY SOLUTIONS INC	1,071,908 (-34.4%)	$75.58M (-39.1%)	4.1%	$18.80	+444.6%	COM	50077B207
QLYS	QUALYS INC	83,752 (-79.3%)	$7.358M (-86.3%)	0.4%	$81.77	+47.5%	COM	74758T303
FDS	FACTSET RESEARCH SYSTEMS INC	43,008 (-68.1%)	$9.332M (-76.2%)	0.5%	$161.54	+53.0%	COM	303075105
IDXX	IDEXX LABORATORIES INC	166,056 (-8.6%)	$93.31M (-24.1%)	5.0%	$88.44	+657.9%	COM	45168D104
SPSC	SPS COMMERCE INC	86,076 (-71.9%)	$4.792M (-82.5%)	0.3%	$161.70	-50.6%	COM	78463M107
MEDP	MEDPACE HOLDINGS INC	217,947 (-2.9%)	$105M (-17.0%)	5.6%	$395.61	+37.1%	COM	58506Q109
MANH	MANHATTAN ASSOCIATES INC	357,807 (-2.5%)	$47.63M (-25.1%)	2.6%	$61.86	+151.8%	COM	562750109
NICE	NICE LTD	157,593 (-45.9%)	$17.38M (-47.3%)	0.9%	$83.73	—	COM	653656108
RMD	RESMED INC	265,399 (-13.5%)	$59.58M (-19.4%)	3.2%	$65.93	+288.2%	COM	761152107
VEEV	VEEVA SYSTEMS INC	206,218 (-7.3%)	$36.22M (-27.0%)	1.9%	$83.32	+144.8%	COM	922475108
CRNC	CERENCE INC	2,519,289 (-5.1%)	$15.9M (-44.0%)	0.9%	$15.38	-33.6%	COM	156727109
NEO	NEOGENOMICS INC	2,250,878 (-3.2%)	$16.7M (-38.9%)	0.9%	$7.64	+54.9%	COM	64049M209
CGNT	COGNYTE SOFTWARE LTD	6,496,210 (-3.2%)	$52.62M (-16.6%)	2.8%	$12.77	-35.1%	COM	M25133105
NEOG	NEOGEN CORP	133,657 (-90.4%)	$1.242M (-87.3%)	0.1%	$15.66	-36.0%	COM	640491106
JKHY	JACK HENRY & ASSOCIATES INC	243,075 (-3.3%)	$38.42M (-16.2%)	2.1%	$97.46	+80.0%	COM	426281101
IPGP	IPG PHOTONICS CORP	208,918 (-11.3%)	$23.94M (+41.9%)	1.3%	$79.91	+27.3%	COM	44980X109
MORN	MORNINGSTAR INC	108,340 (-4.2%)	$18.31M (-25.5%)	1.0%	$106.50	+78.7%	COM	617700109
FTNT	FORTINET INC	828,923 (-10.5%)	$67.74M (-7.9%)	3.6%	$48.44	+65.1%	COM	34959E109
ICLR	ICON PLC	3,270 (-86.2%)	$362K (-91.6%)	0.0%	$37.15	+320.9%	COM	G4705A100
HAE	HAEMONETICS CORP	66,915 (-10.1%)	$3.771M (-36.8%)	0.2%	$41.31	+65.1%	COM	405024100
SNPS	SYNOPSYS INC	19,453 (-4.8%)	$7.713M (-19.7%)	0.4%	$565.30	-16.6%	COM	871607107
GNTX	GENTEX CORP	534,356 (-7.9%)	$11.68M (-13.5%)	0.6%	$22.36	+7.5%	COM	371901109
TW	TRADEWEB MARKETS INC	249,247 (-3.7%)	$29.33M (+5.4%)	1.6%	$78.22	+39.7%	COM	892672106
NOVT	NOVANTA INC	373,874 (-2.1%)	$44.16M (-2.8%)	2.4%	$116.84	+16.2%	COM	67000B104
MPWR	MONOLITHIC POWER SYSTEMS INC	6,320 (-2.6%)	$6.91M (+17.5%)	0.4%	$208.86	+428.9%	COM	609839105
ALRM	ALARM.COM HOLDINGS INC	69,804 (-5.3%)	$3.015M (-19.8%)	0.2%	$40.64	+19.4%	COM	011642105
RBC	RBC BEARINGS INC	175,443 (-18.1%)	$95.29M (-0.8%)	5.1%	$272.99	+89.6%	COM	75524B104
CGNX	COGNEX CORP	271,533 (-25.5%)	$13.3M (+1.5%)	0.7%	$38.27	+16.2%	COM	192422103
SPY	SPDR S&P 500 ETF TRUST	2,425 (-4.3%)	$1.577M (-8.8%)	0.1%	$346.27	—	COM	78462F103

Unchanged Positions (16)

CSGP COSTAR GROUP INC 1.8%

Value $33.29M Shares 825,296 Est. Cost $78.80 Unrealized -27.8%

GWRE GUIDEWIRE SOFTWARE INC 2.6%

Value $48.49M Shares 324,196 Est. Cost $101.42 Unrealized +48.1%

RAMP LIVE RAMP HOLDINGS INC 2.7%

Value $49.42M Shares 1,863,589 Est. Cost $34.10 Unrealized -25.7%

PRLB PROTO LABS INC 1.9%

Value $35.79M Shares 627,705 Est. Cost $48.23 Unrealized +20.3%

BLKB BLACKBAUD INC 0.0%

Value $499K Shares 12,930 Est. Cost $67.64 Unrealized -21.2%

TRMB TRIMBLE INC 0.1%

Value $1.239M Shares 19,000 Est. Cost $27.89 Unrealized +154.6%

ACIW ACI WORLDWIDE INC 0.0%

Value $755K Shares 18,410 Est. Cost $22.26 Unrealized +92.6%

ZBRA ZEBRA TECHNOLOGIES CORP 0.0%

Value $690K Shares 3,300 Est. Cost $265.27 Unrealized -6.1%

ORLY O'REILLY AUTOMOTIVE INC 0.4%

Value $7.96M Shares 86,235 Est. Cost $90.41 Unrealized +5.1%

FELE FRANKLIN ELECTRIC CO INC 0.1%

Value $2.028M Shares 22,000 Est. Cost $34.71 Unrealized +189.3%

KRNT KORNIT DIGITAL LTD 0.2%

Value $4.148M Shares 282,976 Est. Cost $17.46 Unrealized -16.5%

AAPL APPLE INC 0.0%

Value $711K Shares 2,800 Est. Cost $175.13 Unrealized +50.1%

MRK MERCK & COMPANY INC 0.0%

Value $253K Shares 2,100 Est. Cost $93.24 Unrealized +22.6%

HOLX HOLOGIC INC 0.1%

Value $1.231M Shares 16,280 Est. Cost $66.26 Unrealized +13.2%

ILMN ILLUMINA INC 0.0%

Value $274K Shares 2,220 Est. Cost $81.16 Unrealized +66.9%

MDY SPDR S&P MIDCAP 400 ETF TRUST 0.0%

Value $218K Shares 353 Est. Cost $596.03 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CSGP	COSTAR GROUP INC	825,296	$33.29M	1.8%	$78.80	-27.8%	COM	22160N109
GWRE	GUIDEWIRE SOFTWARE INC	324,196	$48.49M	2.6%	$101.42	+48.1%	COM	40171V100
RAMP	LIVE RAMP HOLDINGS INC	1,863,589	$49.42M	2.7%	$34.10	-25.7%	COM	53815P108
PRLB	PROTO LABS INC	627,705	$35.79M	1.9%	$48.23	+20.3%	COM	743713109
BLKB	BLACKBAUD INC	12,930	$499K	0.0%	$67.64	-21.2%	COM	09227Q100
TRMB	TRIMBLE INC	19,000	$1.239M	0.1%	$27.89	+154.6%	COM	896239100
ACIW	ACI WORLDWIDE INC	18,410	$755K	0.0%	$22.26	+92.6%	COM	004498101
ZBRA	ZEBRA TECHNOLOGIES CORP	3,300	$690K	0.0%	$265.27	-6.1%	COM	989207105
ORLY	O'REILLY AUTOMOTIVE INC	86,235	$7.96M	0.4%	$90.41	+5.1%	COM	67103H107
FELE	FRANKLIN ELECTRIC CO INC	22,000	$2.028M	0.1%	$34.71	+189.3%	COM	353514102
KRNT	KORNIT DIGITAL LTD	282,976	$4.148M	0.2%	$17.46	-16.5%	COM	M6372Q113
AAPL	APPLE INC	2,800	$711K	0.0%	$175.13	+50.1%	COM	037833100
MRK	MERCK & COMPANY INC	2,100	$253K	0.0%	$93.24	+22.6%	COM	58933Y105
HOLX	HOLOGIC INC	16,280	$1.231M	0.1%	$66.26	+13.2%	COM	436440101
ILMN	ILLUMINA INC	2,220	$274K	0.0%	$81.16	+66.9%	COM	452327109
MDY	SPDR S&P MIDCAP 400 ETF TRUST	353	$218K	0.0%	$596.03	—	COM	78467Y107