AXIOM INVESTORS LLC /DE Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASML	ASML HLDG NV	379,428	$501,160	5.6%	$1320.83	—	N Y REGISTRY SHS	N07059210
HSY	HERSHEY CO	380,677	$79,139	0.9%	$204.74	0.0%	COM	427866108
TER	TERADYNE INC	253,463	$75,142	0.8%	$265.87	0.0%	COM	880770102
MU	MICRON TECHNOLOGY INC	198,200	$66,960	0.7%	$387.04	0.0%	COM	595112103
AEIS	ADVANCED ENERGY INDS	70,543	$22,765	0.3%	$270.51	0.0%	COM	007973100
VIAV	VIAVI SOLUTIONS INC	598,675	$19,924	0.2%	$22.97	0.0%	COM	925550105
TIGO	MILLICOM INTL CELLULAR S A	219,922	$16,481	0.2%	$61.08	0.0%	COM STK	L6388F110
LFUS	LITTELFUSE	46,820	$15,888	0.2%	$319.97	0.0%	COM	537008104
PLXS	PLEXUS CORP	75,956	$15,384	0.2%	$186.06	0.0%	COM	729132100
IMAX	IMAX CORP	387,670	$14,735	0.2%	$35.91	0.0%	COM	45245E109
SEI	SOLARIS ENERGY INFRAS INC	231,300	$13,071	0.1%	$53.03	0.0%	COM CL A	83418M103
ICHR	ICHOR HOLDINGS	265,585	$12,379	0.1%	$34.88	0.0%	SHS	G4740B105
AZN	ASTRAZENECA PLC	62,728	$12,371	0.1%	$197.22	—	SPONSORED ADR	046353108
NPKI	NPK INTERNATIONAL INC	737,325	$10,684	0.1%	$13.81	0.0%	COM SHS	651718504
AROC	ARCHROCK INC	295,025	$10,267	0.1%	$29.24	0.0%	COM	03957W106
AIR	AAR CORP	93,750	$10,262	0.1%	$106.17	0.0%	COM	000361105
VLY	VALLEY NATL BANCORP	728,905	$8,951	0.1%	$12.65	0.0%	COM	919794107
AAOI	APPLIED OPTOELECTRONICS INC	95,015	$8,037	0.1%	$41.81	0.0%	COM	03823U102
LASR	NLIGHT INC	119,085	$6,790	0.1%	$47.72	0.0%	COM	65487K100
UNFI	UNITED NAT FOODS INC	143,970	$6,487	0.1%	$36.97	0.0%	COM	911163103
LMAT	LEMAITRE VASCULAR INC	55,490	$6,058	0.1%	$87.13	0.0%	COM	525558201
XENE	XENON PHARMACEUTICALS INC	99,568	$5,790	0.1%	$41.98	0.0%	COM	98420N105
CENX	CENTURY ALUM CO	58,610	$3,440	0.0%	$48.41	0.0%	COM	156431108
VOR	VOR BIOPHARMA INC	95,745	$1,708	0.0%	$13.98	0.0%	COM NEW	929033207
GLW	CORNING INC	10,260	$1,395	0.0%	$111.68	0.0%	COM	219350105
LITE	LUMENTUM HLDGS INC	1,655	$1,163	0.0%	$467.14	0.0%	COM	55024U109
ITUB	ITAU UNIBANCO HLDG S A	86,800	$727	0.0%	$8.38	—	SPON ADR REP PFD	465562106
ESLT	ELBIT SYS LTD	809	$687	0.0%	$699.66	0.0%	ORD	M3760D101
UTHR	UNITED THERAPEUTICS CORP DEL	805	$477	0.0%	$480.44	0.0%	COM	91307C102
COHR	COHERENT CORP	1,973	$470	0.0%	$213.35	0.0%	COM	19247G107
INTC	INTEL CORP	7,497	$331	0.0%	$46.43	0.0%	COM	458140100
HTHT	H WORLD GROUP LTD	5,800	$292	0.0%	$50.29	—	SPONSORED ADS	44332N106

Increased Positions (30)

NVDA NVIDIA CORPORATION 13.9%

Value ($000) $1,246,448 (+12.9%) Shares 7,147,064 (+20.7%) Est. Cost $132.89 Unrealized +40.4%

HWM HOWMET AEROSPACE INC 1.3%

Value ($000) $114,899 (+1910.1%) Shares 498,563 (+1688.2%) Est. Cost $224.29 Unrealized +1.0%

GEV GE VERNOVA INC 2.7%

Value ($000) $243,193 (+56.9%) Shares 278,603 (+17.5%) Est. Cost $426.64 Unrealized +72.7%

EMBJ EMBRAER S.A. 0.8%

Value ($000) $69,473 (+266.1%) Shares 1,170,760 (+297.1%) Est. Cost $52.48 Unrealized —

GOOGL ALPHABET INC 11.3%

Value ($000) $1,015,788 (-4.0%) Shares 3,532,440 (+4.5%) Est. Cost $256.35 Unrealized +26.1%

GE GE AEROSPACE 4.8%

Value ($000) $429,530 (+9.4%) Shares 1,513,654 (+18.8%) Est. Cost $239.56 Unrealized +32.8%

BAP CREDICORP LTD 0.5%

Value ($000) $45,498 (+205.4%) Shares 134,140 (+158.4%) Est. Cost $286.16 Unrealized +17.7%

IEFA ISHARES TR 1.2%

Value ($000) $109,351 (+34.7%) Shares 1,207,900 (+33.1%) Est. Cost $79.07 Unrealized —

CW CURTISS WRIGHT CORP 1.2%

Value ($000) $104,422 (+35.8%) Shares 153,309 (+9.9%) Est. Cost $566.04 Unrealized +15.0%

COST COSTCO WHSL CORP NEW 0.6%

Value ($000) $52,989 (+73.5%) Shares 53,179 (+50.2%) Est. Cost $698.53 Unrealized +38.0%

AER AERCAP HOLDINGS NV 1.1%

Value ($000) $95,077 (+22.7%) Shares 693,081 (+28.6%) Est. Cost $135.41 Unrealized +7.7%

SF STIFEL FINL CORP 0.2%

Value ($000) $14,289 (-37.1%) Shares 193,310 (+6.5%) Est. Cost $88.19 Unrealized +42.3%

NVMI NOVA MEASURING INSTRUMENTS L 0.4%

Value ($000) $33,283 (+33.9%) Shares 76,640 (+1.2%) Est. Cost $213.83 Unrealized +105.1%

PIPR PIPER SANDLER COMPANIES 0.1%

Value ($000) $10,465 (-41.4%) Shares 136,708 (+160.2%) Est. Cost $329.30 Unrealized +5.8%

STRL STERLING INFRASTRUCTURE INC 0.2%

Value ($000) $16,075 (+62.0%) Shares 39,471 (+21.8%) Est. Cost $228.72 Unrealized +64.6%

RBC RBC BEARINGS INC 0.3%

Value ($000) $28,586 (+25.0%) Shares 52,633 (+3.2%) Est. Cost $305.32 Unrealized +69.5%

JPM JPMORGAN CHASE & CO. 9.3%

Value ($000) $840,126 (-0.6%) Shares 2,856,017 (+8.8%) Est. Cost $267.97 Unrealized +16.2%

NXT NEXTPOWER INC 0.2%

Value ($000) $17,762 (+40.0%) Shares 147,341 (+1.2%) Est. Cost $90.88 Unrealized +19.7%

FCFS FIRSTCASH HOLDINGS INC 0.2%

Value ($000) $20,566 (+19.9%) Shares 109,395 (+1.6%) Est. Cost $153.28 Unrealized +13.2%

SUPN SUPERNUS PHARMACEUTICALS INC 0.1%

Value ($000) $8,476 (+60.6%) Shares 163,978 (+54.4%) Est. Cost $40.73 Unrealized +24.0%

NOVT NOVANTA INC 0.1%

Value ($000) $8,458 (+48.4%) Shares 71,614 (+49.5%) Est. Cost $128.61 Unrealized +5.5%

INDA ISHARES TR 0.3%

Value ($000) $25,234 (-8.9%) Shares 538,720 (+5.2%) Est. Cost $45.16 Unrealized —

MRCY MERCURY SYS INC 0.2%

Value ($000) $15,389 (+15.1%) Shares 211,068 (+15.2%) Est. Cost $58.07 Unrealized +56.0%

JBTM JBT MAREL CORPORATION 0.1%

Value ($000) $9,843 (-11.3%) Shares 76,978 (+4.6%) Est. Cost $141.75 Unrealized +12.6%

BETA BETA TECHNOLOGIES INC 0.0%

Value ($000) $1,932 (-34.4%) Shares 131,445 (+25.9%) Est. Cost $28.35 Unrealized -20.3%

RYTM RHYTHM PHARMACEUTICALS INC 0.1%

Value ($000) $7,979 (-10.8%) Shares 91,749 (+9.8%) Est. Cost $75.54 Unrealized +36.1%

EWT ISHARES INC 0.0%

Value ($000) $2,709 (+37.1%) Shares 38,200 (+22.8%) Est. Cost $59.69 Unrealized —

APH AMPHENOL CORP NEW 6.0%

Value ($000) $539,184 (-0.1%) Shares 4,267,387 (+6.8%) Est. Cost $117.55 Unrealized +24.5%

HEI HEICO CORP NEW 0.1%

Value ($000) $6,298 (-7.9%) Shares 22,969 (+8.7%) Est. Cost $302.43 Unrealized +12.1%

IVV ISHARES TR 0.0%

Value ($000) $1,894 (+6.4%) Shares 2,900 (+11.5%) Est. Cost $515.63 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	7,147,064 (+20.7%)	$1,246,448 (+12.9%)	13.9%	$132.89	+40.4%	COM	67066G104
HWM	HOWMET AEROSPACE INC	498,563 (+1688.2%)	$114,899 (+1910.1%)	1.3%	$224.29	+1.0%	COM	443201108
GEV	GE VERNOVA INC	278,603 (+17.5%)	$243,193 (+56.9%)	2.7%	$426.64	+72.7%	COM	36828A101
EMBJ	EMBRAER S.A.	1,170,760 (+297.1%)	$69,473 (+266.1%)	0.8%	$52.48	—	SPONSORED ADS	29082A107
GOOGL	ALPHABET INC	3,532,440 (+4.5%)	$1,015,788 (-4.0%)	11.3%	$256.35	+26.1%	CAP STK CL A	02079K305
GE	GE AEROSPACE	1,513,654 (+18.8%)	$429,530 (+9.4%)	4.8%	$239.56	+32.8%	COM NEW	369604301
BAP	CREDICORP LTD	134,140 (+158.4%)	$45,498 (+205.4%)	0.5%	$286.16	+17.7%	COM	G2519Y108
IEFA	ISHARES TR	1,207,900 (+33.1%)	$109,351 (+34.7%)	1.2%	$79.07	—	CORE MSCI EAFE	46432F842
CW	CURTISS WRIGHT CORP	153,309 (+9.9%)	$104,422 (+35.8%)	1.2%	$566.04	+15.0%	COM	231561101
COST	COSTCO WHSL CORP NEW	53,179 (+50.2%)	$52,989 (+73.5%)	0.6%	$698.53	+38.0%	COM	22160K105
AER	AERCAP HOLDINGS NV	693,081 (+28.6%)	$95,077 (+22.7%)	1.1%	$135.41	+7.7%	SHS	N00985106
SF	STIFEL FINL CORP	193,310 (+6.5%)	$14,289 (-37.1%)	0.2%	$88.19	+42.3%	COM	860630102
NVMI	NOVA MEASURING INSTRUMENTS L	76,640 (+1.2%)	$33,283 (+33.9%)	0.4%	$213.83	+105.1%	COM	M7516K103
PIPR	PIPER SANDLER COMPANIES	136,708 (+160.2%)	$10,465 (-41.4%)	0.1%	$329.30	+5.8%	COM	724078100
STRL	STERLING INFRASTRUCTURE INC	39,471 (+21.8%)	$16,075 (+62.0%)	0.2%	$228.72	+64.6%	COM	859241101
RBC	RBC BEARINGS INC	52,633 (+3.2%)	$28,586 (+25.0%)	0.3%	$305.32	+69.5%	COM	75524B104
JPM	JPMORGAN CHASE & CO.	2,856,017 (+8.8%)	$840,126 (-0.6%)	9.3%	$267.97	+16.2%	COM	46625H100
NXT	NEXTPOWER INC	147,341 (+1.2%)	$17,762 (+40.0%)	0.2%	$90.88	+19.7%	CLASS A COM	65290E101
FCFS	FIRSTCASH HOLDINGS INC	109,395 (+1.6%)	$20,566 (+19.9%)	0.2%	$153.28	+13.2%	COM	33768G107
SUPN	SUPERNUS PHARMACEUTICALS INC	163,978 (+54.4%)	$8,476 (+60.6%)	0.1%	$40.73	+24.0%	COM	868459108
NOVT	NOVANTA INC	71,614 (+49.5%)	$8,458 (+48.4%)	0.1%	$128.61	+5.5%	COM	67000B104
INDA	ISHARES TR	538,720 (+5.2%)	$25,234 (-8.9%)	0.3%	$45.16	—	MSCI INDIA ETF	46429B598
MRCY	MERCURY SYS INC	211,068 (+15.2%)	$15,389 (+15.1%)	0.2%	$58.07	+56.0%	COM	589378108
JBTM	JBT MAREL CORPORATION	76,978 (+4.6%)	$9,843 (-11.3%)	0.1%	$141.75	+12.6%	COM	477839104
BETA	BETA TECHNOLOGIES INC	131,445 (+25.9%)	$1,932 (-34.4%)	0.0%	$28.35	-20.3%	COM SHS CL A	086921103
RYTM	RHYTHM PHARMACEUTICALS INC	91,749 (+9.8%)	$7,979 (-10.8%)	0.1%	$75.54	+36.1%	COM	76243J105
EWT	ISHARES INC	38,200 (+22.8%)	$2,709 (+37.1%)	0.0%	$59.69	—	MSCI TAIWAN ETF	46434G772
APH	AMPHENOL CORP NEW	4,267,387 (+6.8%)	$539,184 (-0.1%)	6.0%	$117.55	+24.5%	CL A	032095101
HEI	HEICO CORP NEW	22,969 (+8.7%)	$6,298 (-7.9%)	0.1%	$302.43	+12.1%	COM	422806109
IVV	ISHARES TR	2,900 (+11.5%)	$1,894 (+6.4%)	0.0%	$515.63	—	CORE S&P500 ETF	464287200

Exited Positions (28)

APP APPLOVIN CORP 4.4%

Value ($000) $391,654 Shares 581,244 Est. Cost $461.14 Unrealized +10.0%

NOW SERVICENOW INC 2.1%

Value ($000) $185,122 Shares 1,208,445 Est. Cost $166.44 Unrealized -27.2%

BSX BOSTON SCIENTIFIC CORP 1.7%

Value ($000) $156,523 Shares 1,641,563 Est. Cost $88.36 Unrealized -2.9%

MELI MERCADOLIBRE INC 0.7%

Value ($000) $66,793 Shares 33,160 Est. Cost $1424.50 Unrealized +45.1%

BX BLACKSTONE INC 0.7%

Value ($000) $66,019 Shares 428,304 Est. Cost $130.01 Unrealized +8.4%

NFLX NETFLIX INC 0.7%

Value ($000) $63,435 Shares 676,566 Est. Cost $69.31 Unrealized +21.0%

ORCL ORACLE CORP 0.4%

Value ($000) $31,604 Shares 162,149 Est. Cost $253.29 Unrealized -33.0%

UBER UBER TECHNOLOGIES INC 0.3%

Value ($000) $29,540 Shares 361,519 Est. Cost $50.47 Unrealized +56.0%

TME TENCENT MUSIC ENTMT GROUP 0.2%

Value ($000) $21,414 Shares 1,221,574 Est. Cost $23.34 Unrealized —

— CUSHMAN WAKEFIELD PLC 0.2%

Value ($000) $15,819 Shares 977,095 Est. Cost $15.92 Unrealized —

CRDO CREDO TECHNOLOGY GROUP HOLDI 0.2%

Value ($000) $15,425 Shares 107,200 Est. Cost $54.44 Unrealized +141.2%

GRAB GRAB HOLDINGS LIMITED 0.1%

Value ($000) $13,219 Shares 2,649,033 Est. Cost $4.58 Unrealized -1.9%

MMYT MAKEMYTRIP LIMITED MAURITIUS 0.1%

Value ($000) $11,766 Shares 143,284 Est. Cost $72.68 Unrealized -9.8%

HURN HURON CONSULTING GROUP INC 0.1%

Value ($000) $11,205 Shares 64,804 Est. Cost $163.70 Unrealized -1.7%

MOD MODINE MFG CO 0.1%

Value ($000) $8,505 Shares 63,704 Est. Cost $110.33 Unrealized +60.0%

OLLI OLLIES BARGAIN OUTLET HLDGS 0.1%

Value ($000) $8,345 Shares 76,132 Est. Cost $118.98 Unrealized -5.7%

NTES NETEASE INC 0.1%

Value ($000) $8,279 Shares 60,162 Est. Cost $144.71 Unrealized —

CVLT COMMVAULT SYS INC 0.1%

Value ($000) $8,209 Shares 65,485 Est. Cost $172.43 Unrealized -40.3%

SE SEA LTD 0.1%

Value ($000) $7,948 Shares 62,300 Est. Cost $127.03 Unrealized —

VRNS VARONIS SYS INC 0.1%

Value ($000) $7,022 Shares 214,080 Est. Cost $50.77 Unrealized -42.0%

IONQ IONQ INC 0.1%

Value ($000) $6,312 Shares 140,677 Est. Cost $42.70 Unrealized -3.0%

MNKD MANNKIND CORP 0.1%

Value ($000) $5,884 Shares 1,037,704 Est. Cost $4.54 Unrealized +22.7%

FSS FEDERAL SIGNAL CORP 0.0%

Value ($000) $3,761 Shares 34,637 Est. Cost $60.09 Unrealized +91.6%

INDI INDIE SEMICONDUCTOR INC 0.0%

Value ($000) $3,197 Shares 905,695 Est. Cost $4.12 Unrealized -4.0%

JOBY JOBY AVIATION INC 0.0%

Value ($000) $2,966 Shares 224,715 Est. Cost $11.86 Unrealized +4.4%

HOOD ROBINHOOD MKTS INC 0.0%

Value ($000) $1,919 Shares 16,963 Est. Cost $60.35 Unrealized +58.7%

MLTX MOONLAKE IMMUNOTHERAPEUTICS 0.0%

Value ($000) $343 Shares 25,998 Est. Cost $50.85 Unrealized -68.4%

FICO FAIR ISAAC CORP 0.0%

Value ($000) $152 Shares 90 Est. Cost $1877.74 Unrealized -21.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APP	APPLOVIN CORP	581,244	$391,654	4.4%	$461.14	+10.0%	—	03831W108
NOW	SERVICENOW INC	1,208,445	$185,122	2.1%	$166.44	-27.2%	—	81762P102
BSX	BOSTON SCIENTIFIC CORP	1,641,563	$156,523	1.7%	$88.36	-2.9%	—	101137107
MELI	MERCADOLIBRE INC	33,160	$66,793	0.7%	$1424.50	+45.1%	—	58733R102
BX	BLACKSTONE INC	428,304	$66,019	0.7%	$130.01	+8.4%	—	09260D107
NFLX	NETFLIX INC	676,566	$63,435	0.7%	$69.31	+21.0%	—	64110L106
ORCL	ORACLE CORP	162,149	$31,604	0.4%	$253.29	-33.0%	—	68389X105
UBER	UBER TECHNOLOGIES INC	361,519	$29,540	0.3%	$50.47	+56.0%	—	90353T100
TME	TENCENT MUSIC ENTMT GROUP	1,221,574	$21,414	0.2%	$23.34	—	—	88034P109
—	CUSHMAN WAKEFIELD PLC	977,095	$15,819	0.2%	$15.92	—	—	G2717B108
CRDO	CREDO TECHNOLOGY GROUP HOLDI	107,200	$15,425	0.2%	$54.44	+141.2%	—	G25457105
GRAB	GRAB HOLDINGS LIMITED	2,649,033	$13,219	0.1%	$4.58	-1.9%	—	G4124C109
MMYT	MAKEMYTRIP LIMITED MAURITIUS	143,284	$11,766	0.1%	$72.68	-9.8%	—	V5633W109
HURN	HURON CONSULTING GROUP INC	64,804	$11,205	0.1%	$163.70	-1.7%	—	447462102
MOD	MODINE MFG CO	63,704	$8,505	0.1%	$110.33	+60.0%	—	607828100
OLLI	OLLIES BARGAIN OUTLET HLDGS	76,132	$8,345	0.1%	$118.98	-5.7%	—	681116109
NTES	NETEASE INC	60,162	$8,279	0.1%	$144.71	—	—	64110W102
CVLT	COMMVAULT SYS INC	65,485	$8,209	0.1%	$172.43	-40.3%	—	204166102
SE	SEA LTD	62,300	$7,948	0.1%	$127.03	—	—	81141R100
VRNS	VARONIS SYS INC	214,080	$7,022	0.1%	$50.77	-42.0%	—	922280102
IONQ	IONQ INC	140,677	$6,312	0.1%	$42.70	-3.0%	—	46222L108
MNKD	MANNKIND CORP	1,037,704	$5,884	0.1%	$4.54	+22.7%	—	56400P706
FSS	FEDERAL SIGNAL CORP	34,637	$3,761	0.0%	$60.09	+91.6%	—	313855108
INDI	INDIE SEMICONDUCTOR INC	905,695	$3,197	0.0%	$4.12	-4.0%	—	45569U101
JOBY	JOBY AVIATION INC	224,715	$2,966	0.0%	$11.86	+4.4%	—	G65163100
HOOD	ROBINHOOD MKTS INC	16,963	$1,919	0.0%	$60.35	+58.7%	—	770700102
MLTX	MOONLAKE IMMUNOTHERAPEUTICS	25,998	$343	0.0%	$50.85	-68.4%	—	61559X104
FICO	FAIR ISAAC CORP	90	$152	0.0%	$1877.74	-21.9%	—	303250104

Decreased Positions (56)

MSFT MICROSOFT CORP 1.5%

Value ($000) $137,252 (-87.3%) Shares 370,781 (-83.5%) Est. Cost $341.09 Unrealized +27.4%

META META PLATFORMS INC 1.5%

Value ($000) $134,461 (-79.0%) Shares 235,019 (-75.8%) Est. Cost $499.27 Unrealized +31.3%

AMZN AMAZON COM INC 5.5%

Value ($000) $495,331 (-30.4%) Shares 2,378,310 (-22.9%) Est. Cost $156.16 Unrealized +45.3%

SHOP SHOPIFY INC 0.0%

Value ($000) $146 (-99.9%) Shares 1,229 (-99.9%) Est. Cost $105.98 Unrealized +28.7%

DHR DANAHER CORPORATION 0.9%

Value ($000) $84,573 (-62.2%) Shares 446,062 (-54.4%) Est. Cost $219.54 Unrealized +2.3%

MS MORGAN STANLEY 5.7%

Value ($000) $512,610 (-19.8%) Shares 3,114,846 (-13.5%) Est. Cost $126.04 Unrealized +42.6%

SPOT SPOTIFY TECHNOLOGY S A 0.3%

Value ($000) $26,255 (-80.8%) Shares 54,145 (-77.0%) Est. Cost $533.54 Unrealized -6.8%

NU NU HLDGS LTD 0.6%

Value ($000) $58,006 (-58.4%) Shares 4,036,626 (-51.5%) Est. Cost $13.70 Unrealized +26.6%

V VISA INC 0.3%

Value ($000) $27,480 (-67.8%) Shares 90,920 (-62.6%) Est. Cost $203.68 Unrealized +61.6%

AVGO BROADCOM INC 1.9%

Value ($000) $174,110 (-24.4%) Shares 562,533 (-15.5%) Est. Cost $268.20 Unrealized +24.6%

IBN ICICI BANK LIMITED 0.1%

Value ($000) $12,091 (-78.0%) Shares 466,849 (-74.6%) Est. Cost $30.25 Unrealized —

AAPL APPLE INC 1.6%

Value ($000) $145,719 (-21.5%) Shares 574,172 (-15.9%) Est. Cost $180.43 Unrealized +45.7%

ISRG INTUITIVE SURGICAL INC 0.1%

Value ($000) $10,501 (-74.4%) Shares 22,780 (-68.5%) Est. Cost $553.02 Unrealized -5.8%

AXON AXON ENTERPRISE INC 0.2%

Value ($000) $20,157 (-58.2%) Shares 47,464 (-44.1%) Est. Cost $585.29 Unrealized -10.0%

CTAS CINTAS CORP 0.8%

Value ($000) $75,342 (-25.7%) Shares 445,443 (-17.4%) Est. Cost $183.77 Unrealized +5.2%

CWST CASELLA WASTE SYS INC 0.1%

Value ($000) $7,300 (-63.0%) Shares 92,005 (-54.3%) Est. Cost $99.56 Unrealized +2.2%

CR CRANE COMPANY 0.1%

Value ($000) $9,252 (-50.8%) Shares 54,108 (-47.0%) Est. Cost $116.42 Unrealized +70.3%

MC MOELIS & CO 0.1%

Value ($000) $8,557 (-52.3%) Shares 150,115 (-42.5%) Est. Cost $64.61 Unrealized +8.9%

MIR MIRION TECHNOLOGIES INC 0.1%

Value ($000) $8,775 (-48.1%) Shares 472,036 (-34.6%) Est. Cost $19.92 Unrealized +21.3%

PLD PROLOGIS INC. 0.6%

Value ($000) $54,378 (-12.9%) Shares 411,395 (-15.8%) Est. Cost $113.08 Unrealized +14.1%

MMSI MERIT MED SYS INC 0.0%

Value ($000) $3,043 (-72.3%) Shares 44,145 (-64.6%) Est. Cost $79.13 Unrealized +4.6%

CLS CELESTICA INC 0.1%

Value ($000) $11,905 (-39.6%) Shares 42,264 (-36.6%) Est. Cost $59.92 Unrealized +402.3%

TSM TAIWAN SEMICONDUCTOR MFG LTD 3.2%

Value ($000) $289,931 (-2.6%) Shares 857,910 (-12.4%) Est. Cost $108.08 Unrealized —

SXT SENSIENT TECHNOLOGIES CORP 0.1%

Value ($000) $7,716 (-49.1%) Shares 89,267 (-44.7%) Est. Cost $96.14 Unrealized -0.5%

BOOT BOOT BARN HLDGS INC 0.1%

Value ($000) $6,587 (-52.4%) Shares 45,004 (-42.6%) Est. Cost $147.75 Unrealized +29.1%

TSLA TESLA INC 0.2%

Value ($000) $14,898 (-31.1%) Shares 40,075 (-16.6%) Est. Cost $248.65 Unrealized +71.3%

GH GUARDANT HEALTH INC 0.2%

Value ($000) $14,227 (-31.6%) Shares 154,026 (-24.4%) Est. Cost $89.46 Unrealized +20.1%

WGS GENEDX HOLDINGS CORP 0.0%

Value ($000) $3,276 (-63.4%) Shares 51,006 (-25.9%) Est. Cost $137.25 Unrealized -26.3%

IWO ISHARES TR 0.1%

Value ($000) $9,571 (-37.1%) Shares 30,500 (-35.2%) Est. Cost $297.66 Unrealized —

INSM INSMED INC 0.4%

Value ($000) $39,154 (-12.1%) Shares 239,447 (-6.4%) Est. Cost $135.81 Unrealized +17.1%

OSIS OSI SYSTEMS INC 0.1%

Value ($000) $11,967 (-29.8%) Shares 45,072 (-32.5%) Est. Cost $227.10 Unrealized +21.5%

VSEC VSE CORP 0.2%

Value ($000) $17,929 (-21.3%) Shares 97,230 (-26.3%) Est. Cost $124.41 Unrealized +67.2%

RDNT RADNET INC 0.0%

Value ($000) $2,853 (-62.0%) Shares 51,038 (-51.5%) Est. Cost $65.75 Unrealized +8.8%

SCCO SOUTHERN COPPER CORP 0.7%

Value ($000) $59,147 (+8.5%) Shares 343,756 (-9.5%) Est. Cost $117.83 Unrealized +59.0%

BE BLOOM ENERGY CORP 0.1%

Value ($000) $12,808 (+53.7%) Shares 94,533 (-1.4%) Est. Cost $105.07 Unrealized +37.7%

MIAX MIAMI INTL HLDGS INC 0.1%

Value ($000) $6,355 (-41.1%) Shares 163,282 (-32.9%) Est. Cost $44.60 Unrealized -5.8%

SPXC SPX TECHNOLOGIES INC 0.2%

Value ($000) $16,324 (-20.1%) Shares 81,644 (-20.1%) Est. Cost $166.46 Unrealized —

AGX ARGAN INC 0.2%

Value ($000) $15,231 (+36.6%) Shares 27,965 (-21.4%) Est. Cost $202.88 Unrealized +82.7%

HDB HDFC BANK LTD 0.0%

Value ($000) $3,824 (-51.3%) Shares 153,700 (-28.4%) Est. Cost $48.94 Unrealized —

GTX GARRETT MOTION INC 0.1%

Value ($000) $11,605 (-23.6%) Shares 638,664 (-26.7%) Est. Cost $15.92 Unrealized +18.8%

IDCC INTERDIGITAL INC 0.2%

Value ($000) $14,001 (-19.0%) Shares 46,360 (-14.6%) Est. Cost $282.79 Unrealized +19.5%

RMBS RAMBUS INC DEL 0.1%

Value ($000) $11,978 (-20.1%) Shares 139,229 (-14.7%) Est. Cost $98.40 Unrealized +6.4%

IEMG ISHARES INC 0.1%

Value ($000) $7,554 (-27.7%) Shares 108,300 (-30.3%) Est. Cost $53.36 Unrealized —

HQY HEALTHEQUITY INC 0.1%

Value ($000) $12,840 (-16.7%) Shares 153,644 (-8.7%) Est. Cost $99.10 Unrealized -16.1%

CASY CASEYS GEN STORES INC 0.3%

Value ($000) $26,469 (+10.1%) Shares 36,365 (-16.4%) Est. Cost $398.82 Unrealized +58.2%

AXSM AXSOME THERAPEUTICS INC 0.1%

Value ($000) $9,555 (-17.5%) Shares 56,529 (-10.8%) Est. Cost $119.10 Unrealized +51.4%

LYV LIVE NATION ENTERTAINMENT IN 0.2%

Value ($000) $15,723 (-9.1%) Shares 103,092 (-15.1%) Est. Cost $91.17 Unrealized +62.7%

FN FABRINET 0.2%

Value ($000) $21,317 (+7.0%) Shares 40,874 (-6.6%) Est. Cost $329.28 Unrealized +49.6%

PTGX PROTAGONIST THERAPEUTICS INC 0.1%

Value ($000) $9,009 (+15.3%) Shares 85,475 (-4.5%) Est. Cost $51.67 Unrealized +61.2%

BBIO BRIDGEBIO PHARMA INC 0.2%

Value ($000) $14,851 (-6.4%) Shares 199,988 (-3.6%) Est. Cost $56.71 Unrealized +31.3%

ENSG ENSIGN GROUP INC 0.3%

Value ($000) $29,620 (+3.0%) Shares 146,998 (-10.9%) Est. Cost $117.38 Unrealized +60.8%

AMSC AMERICAN SUPERCONDUCTOR CORP 0.0%

Value ($000) $3,413 (-11.6%) Shares 100,814 (-24.8%) Est. Cost $49.99 Unrealized -36.6%

ROL ROLLINS INC 0.0%

Value ($000) $383 (-27.1%) Shares 7,168 (-18.1%) Est. Cost $47.98 Unrealized +28.9%

ATMU ATMUS FILTRATION TECHNOLOGIE 0.1%

Value ($000) $11,562 (-0.9%) Shares 203,670 (-9.4%) Est. Cost $48.33 Unrealized +22.1%

MNST MONSTER BEVERAGE CORP NEW 0.0%

Value ($000) $210 (-28.6%) Shares 2,904 (-24.5%) Est. Cost $52.12 Unrealized +54.7%

KSA ISHARES TR 0.0%

Value ($000) $489 (-8.7%) Shares 12,300 (-16.3%) Est. Cost $40.99 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	370,781 (-83.5%)	$137,252 (-87.3%)	1.5%	$341.09	+27.4%	COM	594918104
META	META PLATFORMS INC	235,019 (-75.8%)	$134,461 (-79.0%)	1.5%	$499.27	+31.3%	CL A	30303M102
AMZN	AMAZON COM INC	2,378,310 (-22.9%)	$495,331 (-30.4%)	5.5%	$156.16	+45.3%	COM	023135106
SHOP	SHOPIFY INC	1,229 (-99.9%)	$146 (-99.9%)	0.0%	$105.98	+28.7%	CL A	82509L107
DHR	DANAHER CORPORATION	446,062 (-54.4%)	$84,573 (-62.2%)	0.9%	$219.54	+2.3%	COM	235851102
MS	MORGAN STANLEY	3,114,846 (-13.5%)	$512,610 (-19.8%)	5.7%	$126.04	+42.6%	COM NEW	617446448
SPOT	SPOTIFY TECHNOLOGY S A	54,145 (-77.0%)	$26,255 (-80.8%)	0.3%	$533.54	-6.8%	SHS	L8681T102
NU	NU HLDGS LTD	4,036,626 (-51.5%)	$58,006 (-58.4%)	0.6%	$13.70	+26.6%	ORD SHS CL A	G6683N103
V	VISA INC	90,920 (-62.6%)	$27,480 (-67.8%)	0.3%	$203.68	+61.6%	COM CL A	92826C839
AVGO	BROADCOM INC	562,533 (-15.5%)	$174,110 (-24.4%)	1.9%	$268.20	+24.6%	COM	11135F101
IBN	ICICI BANK LIMITED	466,849 (-74.6%)	$12,091 (-78.0%)	0.1%	$30.25	—	ADR	45104G104
AAPL	APPLE INC	574,172 (-15.9%)	$145,719 (-21.5%)	1.6%	$180.43	+45.7%	COM	037833100
ISRG	INTUITIVE SURGICAL INC	22,780 (-68.5%)	$10,501 (-74.4%)	0.1%	$553.02	-5.8%	COM NEW	46120E602
AXON	AXON ENTERPRISE INC	47,464 (-44.1%)	$20,157 (-58.2%)	0.2%	$585.29	-10.0%	COM	05464C101
CTAS	CINTAS CORP	445,443 (-17.4%)	$75,342 (-25.7%)	0.8%	$183.77	+5.2%	COM	172908105
CWST	CASELLA WASTE SYS INC	92,005 (-54.3%)	$7,300 (-63.0%)	0.1%	$99.56	+2.2%	CL A	147448104
CR	CRANE COMPANY	54,108 (-47.0%)	$9,252 (-50.8%)	0.1%	$116.42	+70.3%	COMMON STOCK	224408104
MC	MOELIS & CO	150,115 (-42.5%)	$8,557 (-52.3%)	0.1%	$64.61	+8.9%	CL A	60786M105
MIR	MIRION TECHNOLOGIES INC	472,036 (-34.6%)	$8,775 (-48.1%)	0.1%	$19.92	+21.3%	COM CL A	60471A101
PLD	PROLOGIS INC.	411,395 (-15.8%)	$54,378 (-12.9%)	0.6%	$113.08	+14.1%	COM	74340W103
MMSI	MERIT MED SYS INC	44,145 (-64.6%)	$3,043 (-72.3%)	0.0%	$79.13	+4.6%	COM	589889104
CLS	CELESTICA INC	42,264 (-36.6%)	$11,905 (-39.6%)	0.1%	$59.92	+402.3%	SUB VTG SHS	15101Q207
TSM	TAIWAN SEMICONDUCTOR MFG LTD	857,910 (-12.4%)	$289,931 (-2.6%)	3.2%	$108.08	—	SPONSORED ADR	874039100
SXT	SENSIENT TECHNOLOGIES CORP	89,267 (-44.7%)	$7,716 (-49.1%)	0.1%	$96.14	-0.5%	COM	81725T100
BOOT	BOOT BARN HLDGS INC	45,004 (-42.6%)	$6,587 (-52.4%)	0.1%	$147.75	+29.1%	COM	099406100
TSLA	TESLA INC	40,075 (-16.6%)	$14,898 (-31.1%)	0.2%	$248.65	+71.3%	COM	88160R101
GH	GUARDANT HEALTH INC	154,026 (-24.4%)	$14,227 (-31.6%)	0.2%	$89.46	+20.1%	COM	40131M109
WGS	GENEDX HOLDINGS CORP	51,006 (-25.9%)	$3,276 (-63.4%)	0.0%	$137.25	-26.3%	COM CL A	81663L200
IWO	ISHARES TR	30,500 (-35.2%)	$9,571 (-37.1%)	0.1%	$297.66	—	RUS 2000 GRW ETF	464287648
INSM	INSMED INC	239,447 (-6.4%)	$39,154 (-12.1%)	0.4%	$135.81	+17.1%	COM PAR $.01	457669307
OSIS	OSI SYSTEMS INC	45,072 (-32.5%)	$11,967 (-29.8%)	0.1%	$227.10	+21.5%	COM	671044105
VSEC	VSE CORP	97,230 (-26.3%)	$17,929 (-21.3%)	0.2%	$124.41	+67.2%	COM	918284100
RDNT	RADNET INC	51,038 (-51.5%)	$2,853 (-62.0%)	0.0%	$65.75	+8.8%	COM	750491102
SCCO	SOUTHERN COPPER CORP	343,756 (-9.5%)	$59,147 (+8.5%)	0.7%	$117.83	+59.0%	COM	84265V105
BE	BLOOM ENERGY CORP	94,533 (-1.4%)	$12,808 (+53.7%)	0.1%	$105.07	+37.7%	COM CL A	093712107
MIAX	MIAMI INTL HLDGS INC	163,282 (-32.9%)	$6,355 (-41.1%)	0.1%	$44.60	-5.8%	COM	59356Q108
SPXC	SPX TECHNOLOGIES INC	81,644 (-20.1%)	$16,324 (-20.1%)	0.2%	$166.46	—	COM	78473E103
AGX	ARGAN INC	27,965 (-21.4%)	$15,231 (+36.6%)	0.2%	$202.88	+82.7%	COM	04010E109
HDB	HDFC BANK LTD	153,700 (-28.4%)	$3,824 (-51.3%)	0.0%	$48.94	—	SPONSORED ADS	40415F101
GTX	GARRETT MOTION INC	638,664 (-26.7%)	$11,605 (-23.6%)	0.1%	$15.92	+18.8%	COM	366505105
IDCC	INTERDIGITAL INC	46,360 (-14.6%)	$14,001 (-19.0%)	0.2%	$282.79	+19.5%	COM	45867G101
RMBS	RAMBUS INC DEL	139,229 (-14.7%)	$11,978 (-20.1%)	0.1%	$98.40	+6.4%	COM	750917106
IEMG	ISHARES INC	108,300 (-30.3%)	$7,554 (-27.7%)	0.1%	$53.36	—	CORE MSCI EMKT	46434G103
HQY	HEALTHEQUITY INC	153,644 (-8.7%)	$12,840 (-16.7%)	0.1%	$99.10	-16.1%	COM	42226A107
CASY	CASEYS GEN STORES INC	36,365 (-16.4%)	$26,469 (+10.1%)	0.3%	$398.82	+58.2%	COM	147528103
AXSM	AXSOME THERAPEUTICS INC	56,529 (-10.8%)	$9,555 (-17.5%)	0.1%	$119.10	+51.4%	COM	05464T104
LYV	LIVE NATION ENTERTAINMENT IN	103,092 (-15.1%)	$15,723 (-9.1%)	0.2%	$91.17	+62.7%	COM	538034109
FN	FABRINET	40,874 (-6.6%)	$21,317 (+7.0%)	0.2%	$329.28	+49.6%	SHS	G3323L100
PTGX	PROTAGONIST THERAPEUTICS INC	85,475 (-4.5%)	$9,009 (+15.3%)	0.1%	$51.67	+61.2%	COM	74366E102
BBIO	BRIDGEBIO PHARMA INC	199,988 (-3.6%)	$14,851 (-6.4%)	0.2%	$56.71	+31.3%	COM	10806X102
ENSG	ENSIGN GROUP INC	146,998 (-10.9%)	$29,620 (+3.0%)	0.3%	$117.38	+60.8%	COM	29358P101
AMSC	AMERICAN SUPERCONDUCTOR CORP	100,814 (-24.8%)	$3,413 (-11.6%)	0.0%	$49.99	-36.6%	SHS NEW	030111207
ROL	ROLLINS INC	7,168 (-18.1%)	$383 (-27.1%)	0.0%	$47.98	+28.9%	COM	775711104
ATMU	ATMUS FILTRATION TECHNOLOGIE	203,670 (-9.4%)	$11,562 (-0.9%)	0.1%	$48.33	+22.1%	COM	04956D107
MNST	MONSTER BEVERAGE CORP NEW	2,904 (-24.5%)	$210 (-28.6%)	0.0%	$52.12	+54.7%	COM	61174X109
KSA	ISHARES TR	12,300 (-16.3%)	$489 (-8.7%)	0.0%	$40.99	—	MSCI SAUDI ARBIA	46434V423

Unchanged Positions (3)

TJX TJX COS INC NEW 1.5%

Value ($000) $138,362 Shares 866,385 Est. Cost $129.12 Unrealized +19.4%

FFIN FIRST FINL BANKSHARES INC 0.1%

Value ($000) $12,840 Shares 435,990 Est. Cost $36.71 Unrealized -11.2%

FWONK LIBERTY MEDIA CORP DEL 0.0%

Value ($000) $236 Shares 2,775 Est. Cost $90.80 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TJX	TJX COS INC NEW	866,385	$138,362	1.5%	$129.12	+19.4%	COM	872540109
FFIN	FIRST FINL BANKSHARES INC	435,990	$12,840	0.1%	$36.71	-11.2%	COM	32020R109
FWONK	LIBERTY MEDIA CORP DEL	2,775	$236	0.0%	$90.80	—	COM LBTY ONE S C	531229755