Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PANW	PALO ALTO NETWORKS INC	1,672,688	$570M	1.3%	—	—	COM	697435105
CRWD	CROWDSTRIKE HLDGS INC	538,439	$411M	1.0%	—	—	CL A	22788C105
SIMO	SILICON MOTION TECHNOLOGY CO	931,375	$310M	0.7%	—	—	SPONSORED ADR	82706C108
AZN	ASTRAZENECA PLC	1,247,549	$237M	0.6%	—	—	ORD	G0593M107
JNJ	JOHNSON & JOHNSON	783,595	$199M	0.5%	—	—	COM	478160104
NOW	SERVICENOW INC	1,694,573	$168M	0.4%	—	—	COM	81762P102
ASND	ASCENDIS PHARMA A/S	616,908	$165M	0.4%	—	—	ORD SHS	K08588103
ONTO	ONTO INNOVATION INC	406,645	$154M	0.4%	—	—	COM	683344105
AMGN	AMGEN INC	369,086	$134M	0.3%	—	—	COM	031162100
COGT	COGENT BIOSCIENCES INC	3,232,905	$125M	0.3%	—	—	COM	19240Q201
EW	EDWARDS LIFESCIENCES CORP	1,104,860	$99.95M	0.2%	—	—	COM	28176E108
PRAX	PRAXIS PRECISION MEDICINES I	279,131	$93.45M	0.2%	—	—	COM NEW	74006W207
Q	QNITY ELECTRONICS INC	549,020	$89.66M	0.2%	—	—	COMMON STOCK	74743L100
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	1,116,946	$86.98M	0.2%	—	—	CL A	499049104
CRNX	CRINETICS PHARMACEUTICALS IN	2,274,411	$85.11M	0.2%	—	—	COM	22663K107
SOLV	SOLVENTUM CORP	935,761	$72.19M	0.2%	—	—	COM SHS	83444M101
UNH	UNITEDHEALTH GROUP INC	151,481	$62.96M	0.1%	—	—	COM	91324P102
BWA	BORGWARNER INC	860,516	$57.14M	0.1%	—	—	COM	099724106
RCL	ROYAL CARIBBEAN GROUP	165,104	$52.43M	0.1%	—	—	COM	V7780T103
TNGX	TANGO THERAPEUTICS INC	1,480,740	$46.29M	0.1%	—	—	COM	87583X109
HAL	HALLIBURTON CO	1,303,572	$44.26M	0.1%	—	—	COM	406216101
DELL	DELL TECHNOLOGIES INC	96,780	$41.76M	0.1%	—	—	CL C	24703L202
JBIO	JADE BIOSCIENCES INC	1,846,982	$41.04M	0.1%	—	—	COM NEW	008064206
DDOG	DATADOG INC	157,298	$40.95M	0.1%	—	—	CL A COM	23804L103
DFTX	DEFINIUM THERAPEUTICS INC	777,253	$36.56M	0.1%	—	—	COM SHS	24477V105
RLAY	RELAY THERAPEUTICS INC	1,789,056	$33.47M	0.1%	—	—	COM	75943R102
MDALF	MDA SPACE LTD	624,205	$25.77M	0.1%	—	—	COM	55293N109
CNX	CNX RES CORP	455,607	$15.46M	0.0%	—	—	COM	12653C108
ETSY	ETSY INC	197,078	$14.85M	0.0%	—	—	COM	29786A106
—	ETSY INC	14,000,000	$14.37M	0.0%	—	—	NOTE 0.125%10/0	29786AAJ5
TFII	TFI INTERNATIONAL INC	77,840	$9.992M	0.0%	—	—	COM	87241L109
EQT	EQT CORP	170,000	$9.039M	0.0%	—	—	COM	26884L109
—	VISHAY INTERTECHNOLOGY INC	3,500,000	$6.91M	0.0%	—	—	NOTE 2.250% 9/1	928298AR9
—	ON SEMICONDUCTOR CORP	3,500,000	$6.295M	0.0%	—	—	NOTE 5/0	682189AS4
—	RIOT PLATFORMS INC	3,000,000	$6.04M	0.0%	—	—	NOTE 0.750% 1/1	767292AB1
—	TRANSOCEAN INC	3,000,000	$4.834M	0.0%	—	—	DEB 4.625% 9/3	893830BW8
—	UBER TECHNOLOGIES INC	2,000,000	$2.401M	0.0%	—	—	NOTE 0.875%12/0	90353TAM2
—	JOBY AVIATION INC	2,250,000	$2.047M	0.0%	—	—	NOTE 0.750% 2/1	47775AAA9
—	RIVIAN AUTOMOTIVE INC	1,750,000	$1.873M	0.0%	—	—	NOTE 3.625%10/1	76954AAD5
—	NEXTERA ENERGY CAP HLDGS INC	1,000,000	$1.318M	0.0%	—	—	NOTE 3.000% 3/0	65339KCY4
—	AFFIRM HLDGS INC	1,000,000	$1.167M	0.0%	—	—	NOTE 0.750%12/1	00827BAD8
HQY	HEALTHEQUITY INC	2,515	$227K	0.0%	—	—	COM	42226A107
RGEN	REPLIGEN CORP	1,635	$223K	0.0%	—	—	COM	759916109

Increased Positions (85)

MU MICRON TECHNOLOGY INC 3.3%

Value $1.409B (+306.3%) Shares 1,220,456 (+18.9%) Est. Cost — Unrealized —

AAPL APPLE INC 6.6%

Value $2.785B (+60.2%) Shares 9,623,500 (+40.5%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 5.4%

Value $2.29B (+71.6%) Shares 6,140,000 (+70.2%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 6.5%

Value $2.767B (+34.4%) Shares 13,828,945 (+17.1%) Est. Cost — Unrealized —

LRCX LAM RESEARCH CORP 2.4%

Value $1.022B (+150.0%) Shares 2,358,946 (+23.3%) Est. Cost — Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 2.2%

Value $950M (+159.6%) Shares 984,377 (+5.4%) Est. Cost — Unrealized —

KLAC KLA CORP 2.1%

Value $883M (+121.0%) Shares 2,925,707 (+978.3%) Est. Cost — Unrealized —

MRVL MARVELL TECHNOLOGY INC 0.8%

Value $318M (+671.2%) Shares 1,066,260 (+156.4%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 1.6%

Value $685M (+66.4%) Shares 1,918,015 (+33.9%) Est. Cost — Unrealized —

SNOW SNOWFLAKE INC 0.8%

Value $339M (+312.1%) Shares 1,332,991 (+144.2%) Est. Cost — Unrealized —

GOOG ALPHABET INC 1.4%

Value $611M (+67.3%) Shares 1,729,332 (+35.9%) Est. Cost — Unrealized —

TSEM TOWER SEMICONDUCTOR LTD 0.6%

Value $265M (+936.2%) Shares 1,015,166 (+597.6%) Est. Cost — Unrealized —

TWLO TWILIO INC 0.6%

Value $249M (+966.8%) Shares 1,204,982 (+550.5%) Est. Cost — Unrealized —

HOOD ROBINHOOD MKTS INC 0.6%

Value $260M (+174.0%) Shares 2,597,658 (+89.4%) Est. Cost — Unrealized —

BE BLOOM ENERGY CORP 0.6%

Value $261M (+151.6%) Shares 861,299 (+12.6%) Est. Cost — Unrealized —

ANET ARISTA NETWORKS INC 1.0%

Value $430M (+57.0%) Shares 2,531,117 (+13.5%) Est. Cost — Unrealized —

MDB MONGODB INC 0.5%

Value $231M (+185.9%) Shares 689,071 (+108.3%) Est. Cost — Unrealized —

ELVN ENLIVEN THERAPEUTICS INC 0.8%

Value $326M (+64.3%) Shares 6,430,636 (+26.9%) Est. Cost — Unrealized —

AAPL APPLE INC 1.1%

Value $451M (+37.0%) Shares 1,556,928 (+20.1%) Est. Cost — Unrealized —

CLS CELESTICA INC 1.0%

Value $418M (+39.4%) Shares 1,146,659 (+7.7%) Est. Cost — Unrealized —

GEV GE VERNOVA INC 0.8%

Value $358M (+42.3%) Shares 304,432 (+5.7%) Est. Cost — Unrealized —

MKSI MKS INC. 0.3%

Value $116M (+598.1%) Shares 260,442 (+260.7%) Est. Cost — Unrealized —

APH AMPHENOL CORP 0.4%

Value $172M (+117.9%) Shares 977,331 (+56.1%) Est. Cost — Unrealized —

CYTK CYTOKINETICS INC 0.5%

Value $192M (+75.3%) Shares 2,253,649 (+35.7%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 0.8%

Value $322M (+32.0%) Shares 863,720 (+31.0%) Est. Cost — Unrealized —

CAT CATERPILLAR INC 0.4%

Value $178M (+72.9%) Shares 167,175 (+15.0%) Est. Cost — Unrealized —

MIRM MIRUM PHARMACEUTICALS INC 0.2%

Value $98.99M (+278.0%) Shares 845,524 (+198.3%) Est. Cost — Unrealized —

ORKA ORUKA THERAPEUTICS INC 0.3%

Value $117M (+127.5%) Shares 1,228,609 (+17.3%) Est. Cost — Unrealized —

NET CLOUDFLARE INC 0.7%

Value $304M (+26.7%) Shares 1,240,516 (+6.6%) Est. Cost — Unrealized —

BK BANK OF NY MELLON CORP 0.3%

Value $120M (+107.8%) Shares 827,041 (+70.5%) Est. Cost — Unrealized —

ALNY ALNYLAM PHARMACEUTICALS INC 0.3%

Value $145M (+70.5%) Shares 482,751 (+87.3%) Est. Cost — Unrealized —

PHVS PHARVARIS N V 0.2%

Value $80.45M (+264.6%) Shares 2,326,389 (+197.9%) Est. Cost — Unrealized —

DAL DELTA AIR LINES INC 0.3%

Value $107M (+110.8%) Shares 1,140,685 (+49.7%) Est. Cost — Unrealized —

IONS IONIS PHARMACEUTICALS INC 0.3%

Value $115M (+85.1%) Shares 1,454,021 (+75.3%) Est. Cost — Unrealized —

CSCO CISCO SYS INC 0.2%

Value $72.56M (+239.3%) Shares 617,762 (+124.1%) Est. Cost — Unrealized —

SYRE SPYRE THERAPEUTICS INC 0.2%

Value $87.72M (+119.3%) Shares 988,009 (+24.6%) Est. Cost — Unrealized —

RYTM RHYTHM PHARMACEUTICALS INC 0.4%

Value $185M (+31.5%) Shares 1,663,632 (+3.0%) Est. Cost — Unrealized —

MCHP MICROCHIP TECHNOLOGY INC. 0.1%

Value $50.12M (+483.2%) Shares 549,550 (+313.2%) Est. Cost — Unrealized —

FIX COMFORT SYS USA INC 0.2%

Value $106M (+64.7%) Shares 53,295 (+14.6%) Est. Cost — Unrealized —

LIN LINDE PLC 0.1%

Value $50.08M (+439.0%) Shares 96,500 (+414.9%) Est. Cost — Unrealized —

ARQT ARCUTIS BIOTHERAPEUTICS INC 0.4%

Value $173M (+29.8%) Shares 6,606,945 (+16.6%) Est. Cost — Unrealized —

FN FABRINET 0.5%

Value $228M (+19.7%) Shares 406,470 (+11.1%) Est. Cost — Unrealized —

AKAM AKAMAI TECHNOLOGIES INC 0.4%

Value $186M (+25.1%) Shares 1,575,971 (+21.5%) Est. Cost — Unrealized —

INSM INSMED INC 0.2%

Value $94.98M (+57.8%) Shares 890,872 (+142.0%) Est. Cost — Unrealized —

ADI ANALOG DEVICES INC 0.2%

Value $75.29M (+80.9%) Shares 189,577 (+44.9%) Est. Cost — Unrealized —

RYAN RYAN SPECIALTY HOLDINGS INC 0.3%

Value $111M (+34.3%) Shares 2,940,000 (+20.0%) Est. Cost — Unrealized —

AXON AXON ENTERPRISE INC 0.1%

Value $37.54M (+267.9%) Shares 66,971 (+178.7%) Est. Cost — Unrealized —

WTS WATTS WATER TECHNOLOGIES INC 0.2%

Value $63.84M (+73.9%) Shares 163,097 (+28.9%) Est. Cost — Unrealized —

SITM SITIME CORP 0.1%

Value $45.77M (+125.2%) Shares 61,388 (+4.3%) Est. Cost — Unrealized —

USFD US FOODS HLDG CORP 0.2%

Value $82.45M (+37.1%) Shares 806,376 (+23.6%) Est. Cost — Unrealized —

XENE XENON PHARMACEUTICALS INC 0.7%

Value $276M (+7.7%) Shares 4,570,556 (+3.8%) Est. Cost — Unrealized —

SE SEA LTD 0.2%

Value $83.77M (+27.7%) Shares 874,172 (+10.4%) Est. Cost — Unrealized —

BRO BROWN & BROWN INC 0.3%

Value $111M (+17.8%) Shares 1,725,000 (+19.8%) Est. Cost — Unrealized —

ON ON SEMICONDUCTOR CORP 0.1%

Value $28.31M (+138.7%) Shares 299,400 (+56.3%) Est. Cost — Unrealized —

AFRM AFFIRM HLDGS INC 0.1%

Value $33.02M (+90.3%) Shares 404,896 (+6.9%) Est. Cost — Unrealized —

NXPI NXP SEMICONDUCTORS N V 0.1%

Value $25.77M (+125.5%) Shares 91,700 (+58.0%) Est. Cost — Unrealized —

RDN RADIAN GROUP INC 0.1%

Value $62.53M (+26.0%) Shares 1,660,000 (+10.7%) Est. Cost — Unrealized —

V VISA INC 0.1%

Value $49.25M (+30.7%) Shares 143,536 (+15.1%) Est. Cost — Unrealized —

A AGILENT TECHNOLOGIES INC 0.1%

Value $28.65M (+55.9%) Shares 215,707 (+33.8%) Est. Cost — Unrealized —

RLI RLI CORP 0.1%

Value $49.47M (+26.2%) Shares 837,500 (+21.8%) Est. Cost — Unrealized —

WMT WALMART INC 0.2%

Value $84.74M (+12.9%) Shares 748,191 (+23.9%) Est. Cost — Unrealized —

ICLR ICON PUB LTD CO 0.0%

Value $20.31M (+82.7%) Shares 116,939 (+16.4%) Est. Cost — Unrealized —

MPWR MONOLITHIC PWR SYS INC 0.0%

Value $17.1M (+111.9%) Shares 12,370 (+67.6%) Est. Cost — Unrealized —

MCK MCKESSON CORP 0.1%

Value $21.77M (+47.2%) Shares 28,808 (+68.6%) Est. Cost — Unrealized —

XMTR XOMETRY INC 0.0%

Value $8.035M (+275.8%) Shares 83,248 (+59.0%) Est. Cost — Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.1%

Value $42.96M (+15.0%) Shares 85,677 (+12.8%) Est. Cost — Unrealized —

ELV ELEVANCE HEALTH INC FORMERLY 0.0%

Value $17.67M (+40.8%) Shares 45,685 (+6.6%) Est. Cost — Unrealized —

MRSH MARSH & MCLENNAN COS INC 0.5%

Value $217M (+2.4%) Shares 1,300,000 (+6.6%) Est. Cost — Unrealized —

C CITIGROUP INC 0.0%

Value $16.67M (+40.3%) Shares 119,097 (+13.7%) Est. Cost — Unrealized —

CNM CORE & MAIN INC 0.0%

Value $18.03M (+36.2%) Shares 373,710 (+39.4%) Est. Cost — Unrealized —

IRTC IRHYTHM HOLDINGS INC 0.1%

Value $54.49M (+9.5%) Shares 458,089 (+8.7%) Est. Cost — Unrealized —

— SNOWFLAKE INC 0.0%

Value $10.61M (+73.7%) Shares 6,000,000 (+20.0%) Est. Cost — Unrealized —

PI IMPINJ INC 0.0%

Value $5.392M (+439.0%) Shares 37,648 (+286.5%) Est. Cost — Unrealized —

GPN GLOBAL PMTS INC 0.0%

Value $8.783M (+67.4%) Shares 121,049 (+55.2%) Est. Cost — Unrealized —

MS MORGAN STANLEY 0.0%

Value $12.51M (+38.6%) Shares 59,823 (+9.1%) Est. Cost — Unrealized —

EOSE EOS ENERGY ENTERPRISES INC 0.0%

Value $11.82M (+41.0%) Shares 2,010,000 (+18.9%) Est. Cost — Unrealized —

BKR BAKER HUGHES COMPANY 0.1%

Value $50.23M (+7.3%) Shares 905,010 (+18.0%) Est. Cost — Unrealized —

EWBC EAST WEST BANCORP INC 0.0%

Value $9.045M (+52.6%) Shares 70,065 (+26.2%) Est. Cost — Unrealized —

GL GLOBE LIFE INC 0.0%

Value $12.34M (+31.4%) Shares 69,035 (+2.4%) Est. Cost — Unrealized —

MP MP MATERIALS CORP 0.0%

Value $13.36M (+24.8%) Shares 238,600 (+7.6%) Est. Cost — Unrealized —

COF CAPITAL ONE FINL CORP 0.0%

Value $8.846M (+25.0%) Shares 44,093 (+13.7%) Est. Cost — Unrealized —

TRUP TRUPANION INC 0.1%

Value $43.35M (+4.2%) Shares 1,750,000 (+7.7%) Est. Cost — Unrealized —

HG HAMILTON INSURANCE GROUP LTD 0.0%

Value $8.526M (+16.5%) Shares 251,210 (+2.4%) Est. Cost — Unrealized —

MCO MOODYS CORP 0.0%

Value $5.973M (+10.1%) Shares 13,187 (+6.0%) Est. Cost — Unrealized —

BX BLACKSTONE INC 0.0%

Value $5.296M (+8.5%) Shares 45,008 (+6.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	1,220,456 (+18.9%)	$1.409B (+306.3%)	3.3%	—	—	COM	595112103
AAPL	APPLE INC	9,623,500 (+40.5%)	$2.785B (+60.2%)	6.6%	—	—	CALL	037833100
MSFT	MICROSOFT CORP	6,140,000 (+70.2%)	$2.29B (+71.6%)	5.4%	—	—	CALL	594918104
NVDA	NVIDIA CORPORATION	13,828,945 (+17.1%)	$2.767B (+34.4%)	6.5%	—	—	COM	67066G104
LRCX	LAM RESEARCH CORP	2,358,946 (+23.3%)	$1.022B (+150.0%)	2.4%	—	—	COM NEW	512807306
STX	SEAGATE TECHNOLOGY HLDNGS PL	984,377 (+5.4%)	$950M (+159.6%)	2.2%	—	—	ORD SHS	G7997R103
KLAC	KLA CORP	2,925,707 (+978.3%)	$883M (+121.0%)	2.1%	—	—	COM NEW	482480100
MRVL	MARVELL TECHNOLOGY INC	1,066,260 (+156.4%)	$318M (+671.2%)	0.8%	—	—	COM	573874104
GOOGL	ALPHABET INC	1,918,015 (+33.9%)	$685M (+66.4%)	1.6%	—	—	CAP STK CL A	02079K305
SNOW	SNOWFLAKE INC	1,332,991 (+144.2%)	$339M (+312.1%)	0.8%	—	—	COM SHS	833445109
GOOG	ALPHABET INC	1,729,332 (+35.9%)	$611M (+67.3%)	1.4%	—	—	CAP STK CL C	02079K107
TSEM	TOWER SEMICONDUCTOR LTD	1,015,166 (+597.6%)	$265M (+936.2%)	0.6%	—	—	SHS NEW	M87915274
TWLO	TWILIO INC	1,204,982 (+550.5%)	$249M (+966.8%)	0.6%	—	—	CL A	90138F102
HOOD	ROBINHOOD MKTS INC	2,597,658 (+89.4%)	$260M (+174.0%)	0.6%	—	—	COM CL A	770700102
BE	BLOOM ENERGY CORP	861,299 (+12.6%)	$261M (+151.6%)	0.6%	—	—	COM CL A	093712107
ANET	ARISTA NETWORKS INC	2,531,117 (+13.5%)	$430M (+57.0%)	1.0%	—	—	COM SHS	040413205
MDB	MONGODB INC	689,071 (+108.3%)	$231M (+185.9%)	0.5%	—	—	CL A	60937P106
ELVN	ENLIVEN THERAPEUTICS INC	6,430,636 (+26.9%)	$326M (+64.3%)	0.8%	—	—	COM	29337E102
AAPL	APPLE INC	1,556,928 (+20.1%)	$451M (+37.0%)	1.1%	—	—	COM	037833100
CLS	CELESTICA INC	1,146,659 (+7.7%)	$418M (+39.4%)	1.0%	—	—	COM	15101Q207
GEV	GE VERNOVA INC	304,432 (+5.7%)	$358M (+42.3%)	0.8%	—	—	COM	36828A101
MKSI	MKS INC.	260,442 (+260.7%)	$116M (+598.1%)	0.3%	—	—	COM	55306N104
APH	AMPHENOL CORP	977,331 (+56.1%)	$172M (+117.9%)	0.4%	—	—	CL A	032095101
CYTK	CYTOKINETICS INC	2,253,649 (+35.7%)	$192M (+75.3%)	0.5%	—	—	COM NEW	23282W605
MSFT	MICROSOFT CORP	863,720 (+31.0%)	$322M (+32.0%)	0.8%	—	—	COM	594918104
CAT	CATERPILLAR INC	167,175 (+15.0%)	$178M (+72.9%)	0.4%	—	—	COM	149123101
MIRM	MIRUM PHARMACEUTICALS INC	845,524 (+198.3%)	$98.99M (+278.0%)	0.2%	—	—	COM	604749101
ORKA	ORUKA THERAPEUTICS INC	1,228,609 (+17.3%)	$117M (+127.5%)	0.3%	—	—	COM	687604108
NET	CLOUDFLARE INC	1,240,516 (+6.6%)	$304M (+26.7%)	0.7%	—	—	CL A COM	18915M107
BK	BANK OF NY MELLON CORP	827,041 (+70.5%)	$120M (+107.8%)	0.3%	—	—	COM	064058100
ALNY	ALNYLAM PHARMACEUTICALS INC	482,751 (+87.3%)	$145M (+70.5%)	0.3%	—	—	COM	02043Q107
PHVS	PHARVARIS N V	2,326,389 (+197.9%)	$80.45M (+264.6%)	0.2%	—	—	COM	N69605108
DAL	DELTA AIR LINES INC	1,140,685 (+49.7%)	$107M (+110.8%)	0.3%	—	—	COM NEW	247361702
IONS	IONIS PHARMACEUTICALS INC	1,454,021 (+75.3%)	$115M (+85.1%)	0.3%	—	—	COM	462222100
CSCO	CISCO SYS INC	617,762 (+124.1%)	$72.56M (+239.3%)	0.2%	—	—	COM	17275R102
SYRE	SPYRE THERAPEUTICS INC	988,009 (+24.6%)	$87.72M (+119.3%)	0.2%	—	—	COM NEW	00773J202
RYTM	RHYTHM PHARMACEUTICALS INC	1,663,632 (+3.0%)	$185M (+31.5%)	0.4%	—	—	COM	76243J105
MCHP	MICROCHIP TECHNOLOGY INC.	549,550 (+313.2%)	$50.12M (+483.2%)	0.1%	—	—	COM	595017104
FIX	COMFORT SYS USA INC	53,295 (+14.6%)	$106M (+64.7%)	0.2%	—	—	COM	199908104
LIN	LINDE PLC	96,500 (+414.9%)	$50.08M (+439.0%)	0.1%	—	—	SHS	G54950103
ARQT	ARCUTIS BIOTHERAPEUTICS INC	6,606,945 (+16.6%)	$173M (+29.8%)	0.4%	—	—	COM	03969K108
FN	FABRINET	406,470 (+11.1%)	$228M (+19.7%)	0.5%	—	—	SHS	G3323L100
AKAM	AKAMAI TECHNOLOGIES INC	1,575,971 (+21.5%)	$186M (+25.1%)	0.4%	—	—	COM	00971T101
INSM	INSMED INC	890,872 (+142.0%)	$94.98M (+57.8%)	0.2%	—	—	COM PAR $.01	457669307
ADI	ANALOG DEVICES INC	189,577 (+44.9%)	$75.29M (+80.9%)	0.2%	—	—	COM	032654105
RYAN	RYAN SPECIALTY HOLDINGS INC	2,940,000 (+20.0%)	$111M (+34.3%)	0.3%	—	—	CL A	78351F107
AXON	AXON ENTERPRISE INC	66,971 (+178.7%)	$37.54M (+267.9%)	0.1%	—	—	COM	05464C101
WTS	WATTS WATER TECHNOLOGIES INC	163,097 (+28.9%)	$63.84M (+73.9%)	0.2%	—	—	CL A	942749102
SITM	SITIME CORP	61,388 (+4.3%)	$45.77M (+125.2%)	0.1%	—	—	COM	82982T106
USFD	US FOODS HLDG CORP	806,376 (+23.6%)	$82.45M (+37.1%)	0.2%	—	—	COM	912008109
XENE	XENON PHARMACEUTICALS INC	4,570,556 (+3.8%)	$276M (+7.7%)	0.7%	—	—	COM	98420N105
SE	SEA LTD	874,172 (+10.4%)	$83.77M (+27.7%)	0.2%	—	—	SPONSORD ADS	81141R100
BRO	BROWN & BROWN INC	1,725,000 (+19.8%)	$111M (+17.8%)	0.3%	—	—	COM	115236101
ON	ON SEMICONDUCTOR CORP	299,400 (+56.3%)	$28.31M (+138.7%)	0.1%	—	—	COM	682189105
AFRM	AFFIRM HLDGS INC	404,896 (+6.9%)	$33.02M (+90.3%)	0.1%	—	—	COM CL A	00827B106
NXPI	NXP SEMICONDUCTORS N V	91,700 (+58.0%)	$25.77M (+125.5%)	0.1%	—	—	COM	N6596X109
RDN	RADIAN GROUP INC	1,660,000 (+10.7%)	$62.53M (+26.0%)	0.1%	—	—	COM	750236101
V	VISA INC	143,536 (+15.1%)	$49.25M (+30.7%)	0.1%	—	—	COM CL A	92826C839
A	AGILENT TECHNOLOGIES INC	215,707 (+33.8%)	$28.65M (+55.9%)	0.1%	—	—	COM	00846U101
RLI	RLI CORP	837,500 (+21.8%)	$49.47M (+26.2%)	0.1%	—	—	COM	749607107
WMT	WALMART INC	748,191 (+23.9%)	$84.74M (+12.9%)	0.2%	—	—	COM	931142103
ICLR	ICON PUB LTD CO	116,939 (+16.4%)	$20.31M (+82.7%)	0.0%	—	—	SHS	G4705A100
MPWR	MONOLITHIC PWR SYS INC	12,370 (+67.6%)	$17.1M (+111.9%)	0.0%	—	—	COM	609839105
MCK	MCKESSON CORP	28,808 (+68.6%)	$21.77M (+47.2%)	0.1%	—	—	COM	58155Q103
XMTR	XOMETRY INC	83,248 (+59.0%)	$8.035M (+275.8%)	0.0%	—	—	CLASS A COM	98423F109
TMO	THERMO FISHER SCIENTIFIC INC	85,677 (+12.8%)	$42.96M (+15.0%)	0.1%	—	—	COM	883556102
ELV	ELEVANCE HEALTH INC FORMERLY	45,685 (+6.6%)	$17.67M (+40.8%)	0.0%	—	—	COM	036752103
MRSH	MARSH & MCLENNAN COS INC	1,300,000 (+6.6%)	$217M (+2.4%)	0.5%	—	—	COM	571748102
C	CITIGROUP INC	119,097 (+13.7%)	$16.67M (+40.3%)	0.0%	—	—	COM NEW	172967424
CNM	CORE & MAIN INC	373,710 (+39.4%)	$18.03M (+36.2%)	0.0%	—	—	CL A	21874C102
IRTC	IRHYTHM HOLDINGS INC	458,089 (+8.7%)	$54.49M (+9.5%)	0.1%	—	—	COM	450056106
—	SNOWFLAKE INC	6,000,000 (+20.0%)	$10.61M (+73.7%)	0.0%	—	—	NOTE 10/0	833445AD1
PI	IMPINJ INC	37,648 (+286.5%)	$5.392M (+439.0%)	0.0%	—	—	COM	453204109
GPN	GLOBAL PMTS INC	121,049 (+55.2%)	$8.783M (+67.4%)	0.0%	—	—	COM	37940X102
MS	MORGAN STANLEY	59,823 (+9.1%)	$12.51M (+38.6%)	0.0%	—	—	COM NEW	617446448
EOSE	EOS ENERGY ENTERPRISES INC	2,010,000 (+18.9%)	$11.82M (+41.0%)	0.0%	—	—	COM CL A	29415C101
BKR	BAKER HUGHES COMPANY	905,010 (+18.0%)	$50.23M (+7.3%)	0.1%	—	—	CL A	05722G100
EWBC	EAST WEST BANCORP INC	70,065 (+26.2%)	$9.045M (+52.6%)	0.0%	—	—	COM	27579R104
GL	GLOBE LIFE INC	69,035 (+2.4%)	$12.34M (+31.4%)	0.0%	—	—	COM	37959E102
MP	MP MATERIALS CORP	238,600 (+7.6%)	$13.36M (+24.8%)	0.0%	—	—	COM CL A	553368101
COF	CAPITAL ONE FINL CORP	44,093 (+13.7%)	$8.846M (+25.0%)	0.0%	—	—	COM	14040H105
TRUP	TRUPANION INC	1,750,000 (+7.7%)	$43.35M (+4.2%)	0.1%	—	—	COM	898202106
HG	HAMILTON INSURANCE GROUP LTD	251,210 (+2.4%)	$8.526M (+16.5%)	0.0%	—	—	CL B	G42706104
MCO	MOODYS CORP	13,187 (+6.0%)	$5.973M (+10.1%)	0.0%	—	—	COM	615369105
BX	BLACKSTONE INC	45,008 (+6.0%)	$5.296M (+8.5%)	0.0%	—	—	COM	09260D107

Exited Positions (40)

CIEN CIENA CORP 0.7%

Value $310M Shares 798,395 Est. Cost — Unrealized —

NUVL NUVALENT INC 0.4%

Value $188M Shares 1,831,253 Est. Cost — Unrealized —

SHOP SHOPIFY INC 0.4%

Value $171M Shares 1,441,167 Est. Cost — Unrealized —

ASND ASCENDIS PHARMA A/S 0.4%

Value $149M Shares 651,712 Est. Cost — Unrealized —

REGN REGENERON PHARMACEUTICALS 0.4%

Value $149M Shares 192,546 Est. Cost — Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.3%

Value $127M Shares 867,215 Est. Cost — Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 0.3%

Value $119M Shares 245,436 Est. Cost — Unrealized —

PSTG EVERPURE INC 0.2%

Value $66.81M Shares 1,131,674 Est. Cost — Unrealized —

FUTU FUTU HLDGS LTD 0.1%

Value $63.19M Shares 462,067 Est. Cost — Unrealized —

SLNO SOLENO THERAPEUTICS INC 0.1%

Value $56.88M Shares 1,698,855 Est. Cost — Unrealized —

APGE APOGEE THERAPEUTICS INC 0.1%

Value $45.38M Shares 539,177 Est. Cost — Unrealized —

ECL ECOLAB INC 0.1%

Value $32.16M Shares 120,875 Est. Cost — Unrealized —

OLMA OLEMA PHARMACEUTICALS INC 0.1%

Value $23.9M Shares 1,602,970 Est. Cost — Unrealized —

ASTS AST SPACEMOBILE INC 0.1%

Value $22.91M Shares 276,476 Est. Cost — Unrealized —

VIAV VIAVI SOLUTIONS INC 0.1%

Value $22.67M Shares 681,255 Est. Cost — Unrealized —

FSLR FIRST SOLAR INC 0.1%

Value $22.57M Shares 114,400 Est. Cost — Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.1%

Value $22.1M Shares 176,161 Est. Cost — Unrealized —

RKLB ROCKET LAB CORP 0.0%

Value $19.2M Shares 299,017 Est. Cost — Unrealized —

IMNM IMMUNOME INC 0.0%

Value $18.58M Shares 849,479 Est. Cost — Unrealized —

CRVS CORVUS PHARMACEUTICALS INC 0.0%

Value $15.66M Shares 1,070,174 Est. Cost — Unrealized —

RDDT REDDIT INC 0.0%

Value $15.13M Shares 112,330 Est. Cost — Unrealized —

ZM ZOOM COMMUNICATIONS INC 0.0%

Value $14.41M Shares 179,303 Est. Cost — Unrealized —

AXP AMERICAN EXPRESS CO 0.0%

Value $13.74M Shares 45,415 Est. Cost — Unrealized —

— NORTHERN OIL & GAS INC 0.0%

Value $9.386M Shares 8,500,000 Est. Cost — Unrealized —

SYY SYSCO CORP 0.0%

Value $9.21M Shares 129,122 Est. Cost — Unrealized —

URI UNITED RENTALS INC 0.0%

Value $8.381M Shares 11,504 Est. Cost — Unrealized —

ENGN ENGENE HOLDINGS INC 0.0%

Value $8.336M Shares 1,224,071 Est. Cost — Unrealized —

BKNG BOOKING HOLDINGS INC 0.0%

Value $7.423M Shares 1,763 Est. Cost — Unrealized —

ORIC ORIC PHARMACEUTICALS INC 0.0%

Value $6.834M Shares 539,377 Est. Cost — Unrealized —

— AEROVIRONMENT INC 0.0%

Value $6.377M Shares 6,500,000 Est. Cost — Unrealized —

— SPHERE ENTERTAINMENT CO 0.0%

Value $6.066M Shares 2,000,000 Est. Cost — Unrealized —

— ASCENDIS PHARMA A/S 0.0%

Value $5.112M Shares 3,500,000 Est. Cost — Unrealized —

— COGENT BIOSCIENCES INC 0.0%

Value $4.581M Shares 3,700,000 Est. Cost — Unrealized —

— BURLINGTON STORES INC 0.0%

Value $3.986M Shares 2,500,000 Est. Cost — Unrealized —

— LI AUTO INC 0.0%

Value $2.519M Shares 2,500,000 Est. Cost — Unrealized —

COIN COINBASE GLOBAL INC 0.0%

Value $1.906M Shares 10,918 Est. Cost — Unrealized —

— CELCUITY INC 0.0%

Value $1.819M Shares 750,000 Est. Cost — Unrealized —

— RIVIAN AUTOMOTIVE INC 0.0%

Value $1.607M Shares 1,500,000 Est. Cost — Unrealized —

STXS STEREOTAXIS INC 0.0%

Value $32,504 Shares 17,665 Est. Cost — Unrealized —

GDRX GOODRX HLDGS INC 0.0%

Value $19,600 Shares 10,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CIEN	CIENA CORP	798,395	$310M	0.7%	—	—	—	171779309
NUVL	NUVALENT INC	1,831,253	$188M	0.4%	—	—	—	670703107
SHOP	SHOPIFY INC	1,441,167	$171M	0.4%	—	—	—	82509L107
ASND	ASCENDIS PHARMA A/S	651,712	$149M	0.4%	—	—	—	04351P101
REGN	REGENERON PHARMACEUTICALS	192,546	$149M	0.4%	—	—	—	75886F107
PLTR	PALANTIR TECHNOLOGIES INC	867,215	$127M	0.3%	—	—	—	69608A108
SPOT	SPOTIFY TECHNOLOGY S A	245,436	$119M	0.3%	—	—	—	L8681T102
PSTG	EVERPURE INC	1,131,674	$66.81M	0.2%	—	—	—	74624M102
FUTU	FUTU HLDGS LTD	462,067	$63.19M	0.1%	—	—	—	36118L106
SLNO	SOLENO THERAPEUTICS INC	1,698,855	$56.88M	0.1%	—	—	—	834203309
APGE	APOGEE THERAPEUTICS INC	539,177	$45.38M	0.1%	—	—	—	03770N101
ECL	ECOLAB INC	120,875	$32.16M	0.1%	—	—	—	278865100
OLMA	OLEMA PHARMACEUTICALS INC	1,602,970	$23.9M	0.1%	—	—	—	68062P106
ASTS	AST SPACEMOBILE INC	276,476	$22.91M	0.1%	—	—	—	00217D100
VIAV	VIAVI SOLUTIONS INC	681,255	$22.67M	0.1%	—	—	—	925550105
FSLR	FIRST SOLAR INC	114,400	$22.57M	0.1%	—	—	—	336433107
BABA	ALIBABA GROUP HLDG LTD	176,161	$22.1M	0.1%	—	—	—	01609W102
RKLB	ROCKET LAB CORP	299,017	$19.2M	0.0%	—	—	—	773121108
IMNM	IMMUNOME INC	849,479	$18.58M	0.0%	—	—	—	45257U108
CRVS	CORVUS PHARMACEUTICALS INC	1,070,174	$15.66M	0.0%	—	—	—	221015100
RDDT	REDDIT INC	112,330	$15.13M	0.0%	—	—	—	75734B100
ZM	ZOOM COMMUNICATIONS INC	179,303	$14.41M	0.0%	—	—	—	98980L101
AXP	AMERICAN EXPRESS CO	45,415	$13.74M	0.0%	—	—	—	025816109
—	NORTHERN OIL & GAS INC	8,500,000	$9.386M	0.0%	—	—	—	665531AJ8
SYY	SYSCO CORP	129,122	$9.21M	0.0%	—	—	—	871829107
URI	UNITED RENTALS INC	11,504	$8.381M	0.0%	—	—	—	911363109
ENGN	ENGENE HOLDINGS INC	1,224,071	$8.336M	0.0%	—	—	—	29286M105
BKNG	BOOKING HOLDINGS INC	1,763	$7.423M	0.0%	—	—	—	09857L108
ORIC	ORIC PHARMACEUTICALS INC	539,377	$6.834M	0.0%	—	—	—	68622P109
—	AEROVIRONMENT INC	6,500,000	$6.377M	0.0%	—	—	—	008073AA6
—	SPHERE ENTERTAINMENT CO	2,000,000	$6.066M	0.0%	—	—	—	55826TAB8
—	ASCENDIS PHARMA A/S	3,500,000	$5.112M	0.0%	—	—	—	04351PAD3
—	COGENT BIOSCIENCES INC	3,700,000	$4.581M	0.0%	—	—	—	19240QAA0
—	BURLINGTON STORES INC	2,500,000	$3.986M	0.0%	—	—	—	122017AD8
—	LI AUTO INC	2,500,000	$2.519M	0.0%	—	—	—	50202MAB8
COIN	COINBASE GLOBAL INC	10,918	$1.906M	0.0%	—	—	—	19260Q107
—	CELCUITY INC	750,000	$1.819M	0.0%	—	—	—	15102KAA8
—	RIVIAN AUTOMOTIVE INC	1,500,000	$1.607M	0.0%	—	—	—	76954AAB9
STXS	STEREOTAXIS INC	17,665	$32,504	0.0%	—	—	—	85916J409
GDRX	GOODRX HLDGS INC	10,000	$19,600	0.0%	—	—	—	38246G108

Decreased Positions (82)

AMD ADVANCED MICRO DEVICES INC 3.9%

Value $1.652B (+138.4%) Shares 2,843,290 (-16.5%) Est. Cost — Unrealized —

INTC INTEL CORP 2.2%

Value $937M (+162.6%) Shares 6,711,403 (-17.0%) Est. Cost — Unrealized —

SNDK SANDISK CORP 2.6%

Value $1.121B (+101.1%) Shares 492,817 (-43.8%) Est. Cost — Unrealized —

GLW CORNING INC 1.8%

Value $781M (+72.4%) Shares 3,059,046 (-8.2%) Est. Cost — Unrealized —

WDC WESTERN DIGITAL CORP 1.2%

Value $507M (+92.6%) Shares 793,276 (-18.4%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 4.7%

Value $1.987B (-9.4%) Shares 5,560,000 (-27.1%) Est. Cost — Unrealized —

LITE LUMENTUM HLDGS INC 0.8%

Value $335M (-33.8%) Shares 390,287 (-45.8%) Est. Cost — Unrealized —

FLEX FLEX LTD 1.0%

Value $404M (+71.0%) Shares 2,494,066 (-30.9%) Est. Cost — Unrealized —

COHR COHERENT CORP 1.5%

Value $617M (+31.0%) Shares 1,565,267 (-20.9%) Est. Cost — Unrealized —

FORM FORMFACTOR INC 0.8%

Value $343M (+54.4%) Shares 2,146,098 (-6.4%) Est. Cost — Unrealized —

AVGO BROADCOM INC 1.9%

Value $805M (-9.5%) Shares 2,131,702 (-25.8%) Est. Cost — Unrealized —

TTMI TTM TECHNOLOGIES INC 0.9%

Value $368M (+29.1%) Shares 1,965,915 (-32.8%) Est. Cost — Unrealized —

MTSI MACOM TECH SOLUTIONS HLDGS I 0.7%

Value $285M (+38.1%) Shares 750,517 (-19.4%) Est. Cost — Unrealized —

META META PLATFORMS INC 1.2%

Value $529M (-11.9%) Shares 939,176 (-10.5%) Est. Cost — Unrealized —

VRT VERTIV HOLDINGS CO 0.8%

Value $325M (-15.8%) Shares 970,621 (-37.0%) Est. Cost — Unrealized —

TSLA TESLA INC 0.1%

Value $36.4M (-62.0%) Shares 86,537 (-66.4%) Est. Cost — Unrealized —

CGON CG ONCOLOGY INC 0.0%

Value $3.089M (-93.5%) Shares 43,483 (-93.8%) Est. Cost — Unrealized —

LLY ELI LILLY & CO 0.7%

Value $302M (+16.9%) Shares 251,997 (-10.4%) Est. Cost — Unrealized —

HCA HCA HEALTHCARE INC 0.0%

Value $2.328M (-94.8%) Shares 5,970 (-93.6%) Est. Cost — Unrealized —

RNR RENAISSANCERE HLDGS LTD 0.7%

Value $299M (-10.2%) Shares 943,566 (-15.7%) Est. Cost — Unrealized —

BBIO BRIDGEBIO PHARMA INC 0.4%

Value $154M (-17.8%) Shares 2,063,609 (-18.1%) Est. Cost — Unrealized —

NAMS NEWAMSTERDAM PHARMA COMPANY 0.1%

Value $58.44M (-35.5%) Shares 1,724,518 (-39.1%) Est. Cost — Unrealized —

ACGL ARCH CAP GROUP LTD 0.7%

Value $289M (-8.7%) Shares 2,980,000 (-9.7%) Est. Cost — Unrealized —

MDGL MADRIGAL PHARMACEUTICALS INC 0.3%

Value $131M (-13.4%) Shares 244,274 (-15.6%) Est. Cost — Unrealized —

RVMD REVOLUTION MEDICINES INC 0.3%

Value $129M (+17.2%) Shares 690,316 (-39.1%) Est. Cost — Unrealized —

PDD PDD HOLDINGS INC 0.1%

Value $45.16M (-26.7%) Shares 592,084 (-1.8%) Est. Cost — Unrealized —

NU NU HLDGS LTD 0.2%

Value $103M (-13.4%) Shares 7,703,636 (-6.8%) Est. Cost — Unrealized —

RAPP RAPPORT THERAPEUTICS INC 0.2%

Value $67.03M (+30.4%) Shares 1,608,514 (-2.1%) Est. Cost — Unrealized —

TCOM TRIP COM GROUP LTD 0.1%

Value $34.99M (-29.1%) Shares 878,264 (-11.4%) Est. Cost — Unrealized —

EG EVEREST GROUP LTD 0.3%

Value $118M (-10.7%) Shares 329,500 (-18.3%) Est. Cost — Unrealized —

CB CHUBB LIMITED 0.5%

Value $228M (-5.8%) Shares 670,383 (-9.9%) Est. Cost — Unrealized —

PCVX VAXCYTE INC 0.2%

Value $68.94M (-16.8%) Shares 1,185,943 (-16.8%) Est. Cost — Unrealized —

AFL AFLAC INC 0.1%

Value $29.31M (-28.8%) Shares 250,000 (-33.3%) Est. Cost — Unrealized —

ZBIO ZENAS BIOPHARMA INC 0.1%

Value $61.24M (+22.9%) Shares 2,412,772 (-5.3%) Est. Cost — Unrealized —

PLAB PHOTRONICS INC 0.0%

Value $9.733M (-53.1%) Shares 299,195 (-41.7%) Est. Cost — Unrealized —

STOK STOKE THERAPEUTICS INC 0.1%

Value $27.28M (-26.0%) Shares 833,716 (-26.4%) Est. Cost — Unrealized —

TSHA TAYSHA GENE THERAPIES INC 0.1%

Value $34.85M (+37.9%) Shares 5,117,133 (-9.5%) Est. Cost — Unrealized —

LASR NLIGHT INC 0.0%

Value $8.67M (-52.5%) Shares 124,530 (-61.1%) Est. Cost — Unrealized —

DNTH DIANTHUS THERAPEUTICS INC 0.2%

Value $99.31M (+10.0%) Shares 1,018,726 (-5.3%) Est. Cost — Unrealized —

CVS CVS HEALTH CORP 0.1%

Value $43.64M (+24.6%) Shares 421,822 (-13.5%) Est. Cost — Unrealized —

GH GUARDANT HEALTH INC 0.1%

Value $23.83M (+48.9%) Shares 158,843 (-8.4%) Est. Cost — Unrealized —

IVA INVENTIVA SA 0.0%

Value $4.061M (-65.7%) Shares 1,074,214 (-49.6%) Est. Cost — Unrealized —

MNPR MONOPAR THERAPEUTICS INC 0.0%

Value $19.86M (+60.0%) Shares 214,469 (-5.3%) Est. Cost — Unrealized —

AMAT APPLIED MATLS INC 0.0%

Value $19.52M (+56.2%) Shares 26,999 (-26.2%) Est. Cost — Unrealized —

CVE CENOVUS ENERGY INC 0.0%

Value $10.73M (-38.3%) Shares 432,609 (-34.1%) Est. Cost — Unrealized —

CI THE CIGNA GROUP 0.1%

Value $24.35M (-21.4%) Shares 88,336 (-24.0%) Est. Cost — Unrealized —

BIOA BIOAGE LABS INC 0.1%

Value $26.28M (+32.7%) Shares 1,072,344 (-5.3%) Est. Cost — Unrealized —

RGA REINSURANCE GROUP AMER INC 0.2%

Value $105M (-5.7%) Shares 495,025 (-9.5%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 0.8%

Value $332M (-1.8%) Shares 1,393,535 (-14.2%) Est. Cost — Unrealized —

CNC CENTENE CORP DEL 0.1%

Value $30.27M (+23.9%) Shares 471,635 (-36.8%) Est. Cost — Unrealized —

SRRK SCHOLAR ROCK HLDG CORP 0.2%

Value $103M (+6.0%) Shares 1,878,580 (-5.3%) Est. Cost — Unrealized —

KYMR KYMERA THERAPEUTICS INC 0.1%

Value $23.36M (+30.3%) Shares 203,747 (-5.3%) Est. Cost — Unrealized —

ROIV ROIVANT SCIENCES LTD 0.1%

Value $48.72M (+11.4%) Shares 1,376,554 (-12.8%) Est. Cost — Unrealized —

AMG AFFILIATED MANAGERS GROUP 0.1%

Value $28.89M (+19.6%) Shares 85,359 (-2.2%) Est. Cost — Unrealized —

MA MASTERCARD INCORPORATED 0.0%

Value $12.77M (-25.4%) Shares 24,872 (-27.4%) Est. Cost — Unrealized —

DYN DYNE THERAPEUTICS INC 0.1%

Value $28.58M (+16.0%) Shares 1,286,811 (-5.3%) Est. Cost — Unrealized —

LFUS LITTELFUSE INC 0.1%

Value $23.88M (+19.7%) Shares 52,447 (-10.8%) Est. Cost — Unrealized —

ESNT ESSENT GROUP LTD 0.4%

Value $153M (+2.6%) Shares 2,379,000 (-6.7%) Est. Cost — Unrealized —

JCI JOHNSON CONTROLS INTERNATION 0.1%

Value $57.69M (-6.0%) Shares 394,822 (-15.8%) Est. Cost — Unrealized —

PGR PROGRESSIVE CORP 0.2%

Value $93.5M (+4.1%) Shares 428,000 (-5.5%) Est. Cost — Unrealized —

SN SHARKNINJA INC 0.0%

Value $17.47M (+26.0%) Shares 114,725 (-12.4%) Est. Cost — Unrealized —

DOX AMDOCS LTD 0.0%

Value $6.939M (-33.6%) Shares 137,302 (-14.2%) Est. Cost — Unrealized —

— FLUOR CORP 0.0%

Value $5.308M (-34.1%) Shares 4,000,000 (-38.5%) Est. Cost — Unrealized —

RDNT RADNET INC 0.1%

Value $38.42M (-6.4%) Shares 623,029 (-15.1%) Est. Cost — Unrealized —

— IMMUNOCORE HLDGS PLC 0.0%

Value $3.172M (-45.2%) Shares 3,500,000 (-46.2%) Est. Cost — Unrealized —

HIG HARTFORD INSURANCE GROUP INC 0.0%

Value $2.854M (-46.5%) Shares 21,538 (-45.4%) Est. Cost — Unrealized —

MLYS MINERALYS THERAPEUTICS INC 0.1%

Value $38.33M (-5.7%) Shares 1,420,854 (-5.3%) Est. Cost — Unrealized —

SNEX STONEX GROUP INC 0.0%

Value $6.147M (-25.3%) Shares 51,876 (-49.1%) Est. Cost — Unrealized —

JPM JPMORGAN CHASE & CO 0.1%

Value $35.1M (+5.3%) Shares 107,219 (-5.3%) Est. Cost — Unrealized —

OTEX OPEN TEXT CORP 0.0%

Value $3.879M (-30.4%) Shares 175,141 (-30.1%) Est. Cost — Unrealized —

BAC BANK OF AMER CORP 0.0%

Value $19.92M (+9.0%) Shares 349,673 (-6.7%) Est. Cost — Unrealized —

MIAX MIAMI INTL HLDGS INC 0.0%

Value $3.07M (-33.5%) Shares 82,603 (-30.4%) Est. Cost — Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value $48.99M (+1.5%) Shares 97,908 (-2.8%) Est. Cost — Unrealized —

RY ROYAL BK CDA 0.0%

Value $16.53M (+4.5%) Shares 89,498 (-8.4%) Est. Cost — Unrealized —

TRV TRAVELERS COMPANIES INC 0.3%

Value $139M (-0.5%) Shares 420,000 (-12.0%) Est. Cost — Unrealized —

RLMD RELMADA THERAPEUTICS INC 0.0%

Value $9.276M (-5.8%) Shares 1,340,428 (-5.2%) Est. Cost — Unrealized —

BLDR BUILDERS FIRSTSOURCE INC 0.0%

Value $4.758M (-10.7%) Shares 53,169 (-17.8%) Est. Cost — Unrealized —

WRB BERKLEY W R CORP 0.4%

Value $150M (-0.4%) Shares 2,130,000 (-6.4%) Est. Cost — Unrealized —

QCOM QUALCOMM INC 0.0%

Value $10.15M (-4.5%) Shares 54,917 (-33.4%) Est. Cost — Unrealized —

MBC MASTERBRAND INC 0.0%

Value $5.763M (-6.7%) Shares 560,017 (-24.7%) Est. Cost — Unrealized —

MKL MARKEL GROUP INC 0.4%

Value $153M (-0.2%) Shares 78,250 (-2.2%) Est. Cost — Unrealized —

ADUS ADDUS HOMECARE CORP 0.0%

Value $2.887M (+4.7%) Shares 28,739 (-2.4%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMD	ADVANCED MICRO DEVICES INC	2,843,290 (-16.5%)	$1.652B (+138.4%)	3.9%	—	—	COM	007903107
INTC	INTEL CORP	6,711,403 (-17.0%)	$937M (+162.6%)	2.2%	—	—	COM	458140100
SNDK	SANDISK CORP	492,817 (-43.8%)	$1.121B (+101.1%)	2.6%	—	—	COM	80004C200
GLW	CORNING INC	3,059,046 (-8.2%)	$781M (+72.4%)	1.8%	—	—	COM	219350105
WDC	WESTERN DIGITAL CORP	793,276 (-18.4%)	$507M (+92.6%)	1.2%	—	—	COM	958102105
GOOGL	ALPHABET INC	5,560,000 (-27.1%)	$1.987B (-9.4%)	4.7%	—	—	CALL	02079K305
LITE	LUMENTUM HLDGS INC	390,287 (-45.8%)	$335M (-33.8%)	0.8%	—	—	COM	55024U109
FLEX	FLEX LTD	2,494,066 (-30.9%)	$404M (+71.0%)	1.0%	—	—	ORD	Y2573F102
COHR	COHERENT CORP	1,565,267 (-20.9%)	$617M (+31.0%)	1.5%	—	—	COM	19247G107
FORM	FORMFACTOR INC	2,146,098 (-6.4%)	$343M (+54.4%)	0.8%	—	—	COM	346375108
AVGO	BROADCOM INC	2,131,702 (-25.8%)	$805M (-9.5%)	1.9%	—	—	COM	11135F101
TTMI	TTM TECHNOLOGIES INC	1,965,915 (-32.8%)	$368M (+29.1%)	0.9%	—	—	COM	87305R109
MTSI	MACOM TECH SOLUTIONS HLDGS I	750,517 (-19.4%)	$285M (+38.1%)	0.7%	—	—	COM	55405Y100
META	META PLATFORMS INC	939,176 (-10.5%)	$529M (-11.9%)	1.2%	—	—	CL A	30303M102
VRT	VERTIV HOLDINGS CO	970,621 (-37.0%)	$325M (-15.8%)	0.8%	—	—	COM CL A	92537N108
TSLA	TESLA INC	86,537 (-66.4%)	$36.4M (-62.0%)	0.1%	—	—	COM	88160R101
CGON	CG ONCOLOGY INC	43,483 (-93.8%)	$3.089M (-93.5%)	0.0%	—	—	COM	156944100
LLY	ELI LILLY & CO	251,997 (-10.4%)	$302M (+16.9%)	0.7%	—	—	COM	532457108
HCA	HCA HEALTHCARE INC	5,970 (-93.6%)	$2.328M (-94.8%)	0.0%	—	—	COM	40412C101
RNR	RENAISSANCERE HLDGS LTD	943,566 (-15.7%)	$299M (-10.2%)	0.7%	—	—	COM	G7496G103
BBIO	BRIDGEBIO PHARMA INC	2,063,609 (-18.1%)	$154M (-17.8%)	0.4%	—	—	COM	10806X102
NAMS	NEWAMSTERDAM PHARMA COMPANY	1,724,518 (-39.1%)	$58.44M (-35.5%)	0.1%	—	—	ORDINARY SHARES	N62509109
ACGL	ARCH CAP GROUP LTD	2,980,000 (-9.7%)	$289M (-8.7%)	0.7%	—	—	ORD	G0450A105
MDGL	MADRIGAL PHARMACEUTICALS INC	244,274 (-15.6%)	$131M (-13.4%)	0.3%	—	—	COM	558868105
RVMD	REVOLUTION MEDICINES INC	690,316 (-39.1%)	$129M (+17.2%)	0.3%	—	—	COM	76155X100
PDD	PDD HOLDINGS INC	592,084 (-1.8%)	$45.16M (-26.7%)	0.1%	—	—	SPONSORED ADS	722304102
NU	NU HLDGS LTD	7,703,636 (-6.8%)	$103M (-13.4%)	0.2%	—	—	ORD SHS CL A	G6683N103
RAPP	RAPPORT THERAPEUTICS INC	1,608,514 (-2.1%)	$67.03M (+30.4%)	0.2%	—	—	COM	75383L102
TCOM	TRIP COM GROUP LTD	878,264 (-11.4%)	$34.99M (-29.1%)	0.1%	—	—	ADS	89677Q107
EG	EVEREST GROUP LTD	329,500 (-18.3%)	$118M (-10.7%)	0.3%	—	—	COM	G3223R108
CB	CHUBB LIMITED	670,383 (-9.9%)	$228M (-5.8%)	0.5%	—	—	COM	H1467J104
PCVX	VAXCYTE INC	1,185,943 (-16.8%)	$68.94M (-16.8%)	0.2%	—	—	COM	92243G108
AFL	AFLAC INC	250,000 (-33.3%)	$29.31M (-28.8%)	0.1%	—	—	COM	001055102
ZBIO	ZENAS BIOPHARMA INC	2,412,772 (-5.3%)	$61.24M (+22.9%)	0.1%	—	—	COM	98937L105
PLAB	PHOTRONICS INC	299,195 (-41.7%)	$9.733M (-53.1%)	0.0%	—	—	COM	719405102
STOK	STOKE THERAPEUTICS INC	833,716 (-26.4%)	$27.28M (-26.0%)	0.1%	—	—	COM	86150R107
TSHA	TAYSHA GENE THERAPIES INC	5,117,133 (-9.5%)	$34.85M (+37.9%)	0.1%	—	—	COM SHS	877619106
LASR	NLIGHT INC	124,530 (-61.1%)	$8.67M (-52.5%)	0.0%	—	—	COM	65487K100
DNTH	DIANTHUS THERAPEUTICS INC	1,018,726 (-5.3%)	$99.31M (+10.0%)	0.2%	—	—	COM	252828108
CVS	CVS HEALTH CORP	421,822 (-13.5%)	$43.64M (+24.6%)	0.1%	—	—	COM	126650100
GH	GUARDANT HEALTH INC	158,843 (-8.4%)	$23.83M (+48.9%)	0.1%	—	—	COM	40131M109
IVA	INVENTIVA SA	1,074,214 (-49.6%)	$4.061M (-65.7%)	0.0%	—	—	ADS	46124U107
MNPR	MONOPAR THERAPEUTICS INC	214,469 (-5.3%)	$19.86M (+60.0%)	0.0%	—	—	COM NEW	61023L207
AMAT	APPLIED MATLS INC	26,999 (-26.2%)	$19.52M (+56.2%)	0.0%	—	—	COM	038222105
CVE	CENOVUS ENERGY INC	432,609 (-34.1%)	$10.73M (-38.3%)	0.0%	—	—	COM	15135U109
CI	THE CIGNA GROUP	88,336 (-24.0%)	$24.35M (-21.4%)	0.1%	—	—	COM	125523100
BIOA	BIOAGE LABS INC	1,072,344 (-5.3%)	$26.28M (+32.7%)	0.1%	—	—	COM	09077V100
RGA	REINSURANCE GROUP AMER INC	495,025 (-9.5%)	$105M (-5.7%)	0.2%	—	—	COM NEW	759351604
AMZN	AMAZON COM INC	1,393,535 (-14.2%)	$332M (-1.8%)	0.8%	—	—	COM	023135106
CNC	CENTENE CORP DEL	471,635 (-36.8%)	$30.27M (+23.9%)	0.1%	—	—	COM	15135B101
SRRK	SCHOLAR ROCK HLDG CORP	1,878,580 (-5.3%)	$103M (+6.0%)	0.2%	—	—	COM	80706P103
KYMR	KYMERA THERAPEUTICS INC	203,747 (-5.3%)	$23.36M (+30.3%)	0.1%	—	—	COM	501575104
ROIV	ROIVANT SCIENCES LTD	1,376,554 (-12.8%)	$48.72M (+11.4%)	0.1%	—	—	SHS	G76279101
AMG	AFFILIATED MANAGERS GROUP	85,359 (-2.2%)	$28.89M (+19.6%)	0.1%	—	—	COM	008252108
MA	MASTERCARD INCORPORATED	24,872 (-27.4%)	$12.77M (-25.4%)	0.0%	—	—	CL A	57636Q104
DYN	DYNE THERAPEUTICS INC	1,286,811 (-5.3%)	$28.58M (+16.0%)	0.1%	—	—	COM	26818M108
LFUS	LITTELFUSE INC	52,447 (-10.8%)	$23.88M (+19.7%)	0.1%	—	—	COM	537008104
ESNT	ESSENT GROUP LTD	2,379,000 (-6.7%)	$153M (+2.6%)	0.4%	—	—	COM	G3198U102
JCI	JOHNSON CONTROLS INTERNATION	394,822 (-15.8%)	$57.69M (-6.0%)	0.1%	—	—	SHS	G51502105
PGR	PROGRESSIVE CORP	428,000 (-5.5%)	$93.5M (+4.1%)	0.2%	—	—	COM	743315103
SN	SHARKNINJA INC	114,725 (-12.4%)	$17.47M (+26.0%)	0.0%	—	—	COM SHS	G8068L108
DOX	AMDOCS LTD	137,302 (-14.2%)	$6.939M (-33.6%)	0.0%	—	—	SHS	G02602103
—	FLUOR CORP	4,000,000 (-38.5%)	$5.308M (-34.1%)	0.0%	—	—	NOTE 1.125% 8/1	343412AJ1
RDNT	RADNET INC	623,029 (-15.1%)	$38.42M (-6.4%)	0.1%	—	—	COM	750491102
—	IMMUNOCORE HLDGS PLC	3,500,000 (-46.2%)	$3.172M (-45.2%)	0.0%	—	—	NOTE 2.500% 2/0	45258DAB1
HIG	HARTFORD INSURANCE GROUP INC	21,538 (-45.4%)	$2.854M (-46.5%)	0.0%	—	—	COM	416515104
MLYS	MINERALYS THERAPEUTICS INC	1,420,854 (-5.3%)	$38.33M (-5.7%)	0.1%	—	—	COM	603170101
SNEX	STONEX GROUP INC	51,876 (-49.1%)	$6.147M (-25.3%)	0.0%	—	—	COM	861896108
JPM	JPMORGAN CHASE & CO	107,219 (-5.3%)	$35.1M (+5.3%)	0.1%	—	—	COM	46625H100
OTEX	OPEN TEXT CORP	175,141 (-30.1%)	$3.879M (-30.4%)	0.0%	—	—	COM	683715106
BAC	BANK OF AMER CORP	349,673 (-6.7%)	$19.92M (+9.0%)	0.0%	—	—	COM	060505104
MIAX	MIAMI INTL HLDGS INC	82,603 (-30.4%)	$3.07M (-33.5%)	0.0%	—	—	COM	59356Q108
BRK/B	BERKSHIRE HATHAWAY INC DEL	97,908 (-2.8%)	$48.99M (+1.5%)	0.1%	—	—	CL B NEW	084670702
RY	ROYAL BK CDA	89,498 (-8.4%)	$16.53M (+4.5%)	0.0%	—	—	COM	780087102
TRV	TRAVELERS COMPANIES INC	420,000 (-12.0%)	$139M (-0.5%)	0.3%	—	—	COM	89417E109
RLMD	RELMADA THERAPEUTICS INC	1,340,428 (-5.2%)	$9.276M (-5.8%)	0.0%	—	—	COM	75955J402
BLDR	BUILDERS FIRSTSOURCE INC	53,169 (-17.8%)	$4.758M (-10.7%)	0.0%	—	—	COM	12008R107
WRB	BERKLEY W R CORP	2,130,000 (-6.4%)	$150M (-0.4%)	0.4%	—	—	COM	084423102
QCOM	QUALCOMM INC	54,917 (-33.4%)	$10.15M (-4.5%)	0.0%	—	—	COM	747525103
MBC	MASTERBRAND INC	560,017 (-24.7%)	$5.763M (-6.7%)	0.0%	—	—	COMMON STOCK	57638P104
MKL	MARKEL GROUP INC	78,250 (-2.2%)	$153M (-0.2%)	0.4%	—	—	COM	570535104
ADUS	ADDUS HOMECARE CORP	28,739 (-2.4%)	$2.887M (+4.7%)	0.0%	—	—	COM	006739106

Unchanged Positions (35)

MBX MBX BIOSCIENCES INC 0.2%

Value $88.79M Shares 1,608,514 Est. Cost — Unrealized —

TEVA TEVA PHARMACEUTICAL INDS LTD 0.4%

Value $177M Shares 5,212,749 Est. Cost — Unrealized —

AXGN AXOGEN INC 0.2%

Value $69.32M Shares 1,500,822 Est. Cost — Unrealized —

SKWD SKYWARD SPECIALTY INS GROUP 0.1%

Value $58.35M Shares 1,000,000 Est. Cost — Unrealized —

BOW BOWHEAD SPECIALTY HLDGS INC 0.1%

Value $44.9M Shares 1,500,000 Est. Cost — Unrealized —

NPCE NEUROPACE INC 0.1%

Value $52.41M Shares 3,298,104 Est. Cost — Unrealized —

KSPI KASPI KZ JSC 0.1%

Value $58.33M Shares 673,258 Est. Cost — Unrealized —

BRKR BRUKER CORP 0.0%

Value $20.88M Shares 347,038 Est. Cost — Unrealized —

HGTY HAGERTY INC 0.2%

Value $71.52M Shares 6,000,000 Est. Cost — Unrealized —

SVRA SAVARA INC 0.1%

Value $58.78M Shares 9,541,786 Est. Cost — Unrealized —

IBKR INTERACTIVE BROKERS GROUP IN 0.1%

Value $26.49M Shares 304,343 Est. Cost — Unrealized —

CACC CREDIT ACCEP CORP MICH 0.0%

Value $17.69M Shares 27,775 Est. Cost — Unrealized —

OPLN OPENLANE INC 0.0%

Value $17.01M Shares 412,562 Est. Cost — Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.0%

Value $11.78M Shares 95,678 Est. Cost — Unrealized —

H HYATT HOTELS CORP 0.0%

Value $12.49M Shares 64,441 Est. Cost — Unrealized —

XPO XPO INC 0.1%

Value $54.36M Shares 264,787 Est. Cost — Unrealized —

FWONK LIBERTY MEDIA CORP DEL 0.0%

Value $15.9M Shares 167,120 Est. Cost — Unrealized —

RDWR RADWARE LTD 0.0%

Value $9.345M Shares 302,828 Est. Cost — Unrealized —

TTE TOTALENERGIES SE 0.0%

Value $6.622M Shares 85,154 Est. Cost — Unrealized —

FIS FIDELITY NATL INFORMATION SV 0.0%

Value $4.36M Shares 112,142 Est. Cost — Unrealized —

MELI MERCADOLIBRE INC 0.1%

Value $53.73M Shares 31,653 Est. Cost — Unrealized —

ENSG ENSIGN GROUP INC 0.0%

Value $2.664M Shares 16,619 Est. Cost — Unrealized —

AGCO AGCO CORP 0.0%

Value $20.97M Shares 175,177 Est. Cost — Unrealized —

NTRA NATERA INC 0.0%

Value $2.267M Shares 8,351 Est. Cost — Unrealized —

CHE CHEMED CORP NEW 0.0%

Value $2.374M Shares 5,098 Est. Cost — Unrealized —

— FORTUNA MNG CORP 0.0%

Value $3.052M Shares 2,000,000 Est. Cost — Unrealized —

ISRG INTUITIVE SURGICAL INC 0.0%

Value $2.512M Shares 6,317 Est. Cost — Unrealized —

— DATADOG INC 0.0%

Value $854K Shares 600,000 Est. Cost — Unrealized —

— PINNACLE WEST CAP CORP 0.0%

Value $5.412M Shares 4,500,000 Est. Cost — Unrealized —

FERG FERGUSON ENTERPRISES INC 0.0%

Value $10.26M Shares 43,214 Est. Cost — Unrealized —

EHC ENCOMPASS HEALTH CORP 0.0%

Value $1.896M Shares 18,753 Est. Cost — Unrealized —

LFST LIFESTANCE HEALTH GROUP INC 0.0%

Value $205K Shares 19,175 Est. Cost — Unrealized —

— LIBERTY MEDIA CORP DEL 0.0%

Value $1.223M Shares 1,000,000 Est. Cost — Unrealized —

UBER UBER TECHNOLOGIES INC 0.0%

Value $15.65M Shares 216,867 Est. Cost — Unrealized —

— ETSY INC 0.0%

Value $2.744M Shares 3,000,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MBX	MBX BIOSCIENCES INC	1,608,514	$88.79M	0.2%	—	—	COM	55287L101
TEVA	TEVA PHARMACEUTICAL INDS LTD	5,212,749	$177M	0.4%	—	—	SPONSORED ADS	881624209
AXGN	AXOGEN INC	1,500,822	$69.32M	0.2%	—	—	COM	05463X106
SKWD	SKYWARD SPECIALTY INS GROUP	1,000,000	$58.35M	0.1%	—	—	COM	830940102
BOW	BOWHEAD SPECIALTY HLDGS INC	1,500,000	$44.9M	0.1%	—	—	COM SHS	10240L102
NPCE	NEUROPACE INC	3,298,104	$52.41M	0.1%	—	—	COM	641288105
KSPI	KASPI KZ JSC	673,258	$58.33M	0.1%	—	—	SPONSORED ADS	48581R205
BRKR	BRUKER CORP	347,038	$20.88M	0.0%	—	—	COM	116794108
HGTY	HAGERTY INC	6,000,000	$71.52M	0.2%	—	—	CL A COM	405166109
SVRA	SAVARA INC	9,541,786	$58.78M	0.1%	—	—	COM	805111101
IBKR	INTERACTIVE BROKERS GROUP IN	304,343	$26.49M	0.1%	—	—	COM CL A	45841N107
CACC	CREDIT ACCEP CORP MICH	27,775	$17.69M	0.0%	—	—	COM	225310101
OPLN	OPENLANE INC	412,562	$17.01M	0.0%	—	—	COM	48238T109
ICE	INTERCONTINENTAL EXCHANGE IN	95,678	$11.78M	0.0%	—	—	COM	45866F104
H	HYATT HOTELS CORP	64,441	$12.49M	0.0%	—	—	COM CL A	448579102
XPO	XPO INC	264,787	$54.36M	0.1%	—	—	COM	983793100
FWONK	LIBERTY MEDIA CORP DEL	167,120	$15.9M	0.0%	—	—	COM LBTY ONE S C	531229755
RDWR	RADWARE LTD	302,828	$9.345M	0.0%	—	—	ORD	M81873107
TTE	TOTALENERGIES SE	85,154	$6.622M	0.0%	—	—	ACT	F92124100
FIS	FIDELITY NATL INFORMATION SV	112,142	$4.36M	0.0%	—	—	COM	31620M106
MELI	MERCADOLIBRE INC	31,653	$53.73M	0.1%	—	—	COM	58733R102
ENSG	ENSIGN GROUP INC	16,619	$2.664M	0.0%	—	—	COM	29358P101
AGCO	AGCO CORP	175,177	$20.97M	0.0%	—	—	COM	001084102
NTRA	NATERA INC	8,351	$2.267M	0.0%	—	—	COM	632307104
CHE	CHEMED CORP NEW	5,098	$2.374M	0.0%	—	—	COM	16359R103
—	FORTUNA MNG CORP	2,000,000	$3.052M	0.0%	—	—	NOTE 3.750% 6/3	349915AE8
ISRG	INTUITIVE SURGICAL INC	6,317	$2.512M	0.0%	—	—	COM NEW	46120E602
—	DATADOG INC	600,000	$854K	0.0%	—	—	NOTE 12/0	23804LAD5
—	PINNACLE WEST CAP CORP	4,500,000	$5.412M	0.0%	—	—	NOTE 4.750% 6/1	723484AK7
FERG	FERGUSON ENTERPRISES INC	43,214	$10.26M	0.0%	—	—	COMMON STOCK NEW	31488V107
EHC	ENCOMPASS HEALTH CORP	18,753	$1.896M	0.0%	—	—	COM	29261A100
LFST	LIFESTANCE HEALTH GROUP INC	19,175	$205K	0.0%	—	—	COM	53228F101
—	LIBERTY MEDIA CORP DEL	1,000,000	$1.223M	0.0%	—	—	NOTE 2.250% 8/1	531229AQ5
UBER	UBER TECHNOLOGIES INC	216,867	$15.65M	0.0%	—	—	COM	90353T100
—	ETSY INC	3,000,000	$2.744M	0.0%	—	—	NOTE 0.250% 6/1	29786AAN6