ZEVENBERGEN CAPITAL INVESTMENTS LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KRMN	Karman Holdings Inc.	539,600	$39,483	0.9%	$72.41	0.0%	COM	485924104
—	Insulet Corporation	113,083	$32,143	0.7%	$284.24	—	COM	45784p101
CAI	Caris Life Sciences, Inc.	543,185	$14,655	0.3%	$28.16	0.0%	COM	142152107
—	Arcutis Biotherapeutics, Inc.	418,035	$12,140	0.3%	$29.04	—	COM	03969k108
—	ServiceTitan, Inc. Class A	40,200	$4,281	0.1%	$106.50	—	COM	81764x103
—	Reddit, Inc. Class A	16,050	$3,689	0.1%	$229.87	—	COM	75734b100
—	Beta Bionics Inc	13,350	$407	0.0%	$30.47	—	COM	08659b102
—	Kraken Robotics Inc	58,500	$273	0.0%	$4.67	—	COM	50077n102

Increased Positions (27)

— Netflix, Inc. 1.6%

Value ($000) $72,502 (-41.0%) Shares 773,275 (+654.6%) Est. Cost $128.77 Unrealized —

— AppLovin Corporation, Class A 1.2%

Value ($000) $52,666 (+393.2%) Shares 78,160 (+425.9%) Est. Cost $682.32 Unrealized —

— ServiceNow, Inc. 2.1%

Value ($000) $93,581 (-26.5%) Shares 610,885 (+341.8%) Est. Cost $202.02 Unrealized —

— Alphabet Inc. Class A 1.8%

Value ($000) $78,762 (+64.0%) Shares 251,637 (+27.4%) Est. Cost $257.38 Unrealized —

RKLB Rocket Lab Corporation 1.7%

Value ($000) $76,094 (+52.0%) Shares 1,090,798 (+4.4%) Est. Cost $25.86 Unrealized +121.7%

— Credo Technology Group Holding 0.6%

Value ($000) $28,094 (+119.0%) Shares 195,247 (+121.6%) Est. Cost $96.83 Unrealized —

AAPL Apple Inc. 3.0%

Value ($000) $136,451 (+12.6%) Shares 501,917 (+5.4%) Est. Cost $159.10 Unrealized +68.7%

SNOW Snowflake Inc. 2.1%

Value ($000) $95,560 (+15.1%) Shares 435,633 (+18.3%) Est. Cost $221.56 Unrealized +10.2%

— Vertiv Holdings Co 1.2%

Value ($000) $56,149 (+24.1%) Shares 346,575 (+15.5%) Est. Cost $135.66 Unrealized —

— TransMedics Group, Inc. 0.8%

Value ($000) $34,084 (+17.5%) Shares 280,178 (+8.4%) Est. Cost $122.39 Unrealized —

MPWR Monolithic Power Systems, Inc. 1.6%

Value ($000) $73,758 (+7.3%) Shares 81,378 (+9.0%) Est. Cost $583.24 Unrealized +64.7%

— Visa Inc. 0.3%

Value ($000) $15,138 (+43.7%) Shares 43,163 (+39.8%) Est. Cost $275.54 Unrealized —

QCOM QUALCOMM Incorporated 0.5%

Value ($000) $21,492 (+22.7%) Shares 125,647 (+19.3%) Est. Cost $152.28 Unrealized +12.2%

— NXP Semiconductors N.V. 0.1%

Value ($000) $5,730 (+36.8%) Shares 26,400 (+43.5%) Est. Cost $191.37 Unrealized —

— Makemytrip Limited 0.1%

Value ($000) $5,238 (+34.7%) Shares 63,785 (+53.5%) Est. Cost $89.60 Unrealized —

PCAR PACCAR Inc 0.1%

Value ($000) $3,133 (+19.9%) Shares 28,606 (+7.7%) Est. Cost $57.57 Unrealized +75.8%

JNJ Johnson & Johnson 0.1%

Value ($000) $2,269 (+13.5%) Shares 10,964 (+1.7%) Est. Cost $111.64 Unrealized +76.5%

CTAS Cintas Corporation 0.1%

Value ($000) $3,921 (-4.6%) Shares 20,850 (+4.1%) Est. Cost $164.00 Unrealized +14.7%

— Cisco Systems, Inc. 0.0%

Value ($000) $1,256 (+17.4%) Shares 16,310 (+4.3%) Est. Cost $51.39 Unrealized —

ABT Abbott Laboratories 0.1%

Value ($000) $2,677 (-5.4%) Shares 21,364 (+1.1%) Est. Cost $83.38 Unrealized +52.7%

— Waste Management, Inc. 0.1%

Value ($000) $2,390 (+6.4%) Shares 10,880 (+7.0%) Est. Cost $221.03 Unrealized —

— BlackRock, Inc. 0.1%

Value ($000) $4,919 (-1.7%) Shares 4,596 (+7.1%) Est. Cost $957.53 Unrealized —

— Nextera Energy, Inc. 0.0%

Value ($000) $731 (+12.3%) Shares 9,108 (+5.6%) Est. Cost $71.60 Unrealized —

— Quest Diagnostics Incorporated 0.0%

Value ($000) $1,808 (+2.7%) Shares 10,420 (+12.8%) Est. Cost $184.39 Unrealized —

DIS The Walt Disney Company 0.0%

Value ($000) $736 (+4.0%) Shares 6,473 (+4.7%) Est. Cost $111.89 Unrealized -2.1%

— LGI HOMES, INC. 0.0%

Value ($000) $264 (-6.3%) Shares 6,150 (+12.8%) Est. Cost $50.71 Unrealized —

ECL Ecolab Inc. 0.0%

Value ($000) $1,593 (+1.0%) Shares 6,070 (+5.4%) Est. Cost $166.78 Unrealized +59.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Netflix, Inc.	773,275 (+654.6%)	$72,502 (-41.0%)	1.6%	$128.77	—	COM	64110l106
—	AppLovin Corporation, Class A	78,160 (+425.9%)	$52,666 (+393.2%)	1.2%	$682.32	—	COM	03831w108
—	ServiceNow, Inc.	610,885 (+341.8%)	$93,581 (-26.5%)	2.1%	$202.02	—	COM	81762p102
—	Alphabet Inc. Class A	251,637 (+27.4%)	$78,762 (+64.0%)	1.8%	$257.38	—	COM	02079k305
RKLB	Rocket Lab Corporation	1,090,798 (+4.4%)	$76,094 (+52.0%)	1.7%	$25.86	+121.7%	COM	773121108
—	Credo Technology Group Holding	195,247 (+121.6%)	$28,094 (+119.0%)	0.6%	$96.83	—	COM	g25457105
AAPL	Apple Inc.	501,917 (+5.4%)	$136,451 (+12.6%)	3.0%	$159.10	+68.7%	COM	037833100
SNOW	Snowflake Inc.	435,633 (+18.3%)	$95,560 (+15.1%)	2.1%	$221.56	+10.2%	COM	833445109
—	Vertiv Holdings Co	346,575 (+15.5%)	$56,149 (+24.1%)	1.2%	$135.66	—	COM	92537n108
—	TransMedics Group, Inc.	280,178 (+8.4%)	$34,084 (+17.5%)	0.8%	$122.39	—	COM	89377m109
MPWR	Monolithic Power Systems, Inc.	81,378 (+9.0%)	$73,758 (+7.3%)	1.6%	$583.24	+64.7%	COM	609839105
—	Visa Inc.	43,163 (+39.8%)	$15,138 (+43.7%)	0.3%	$275.54	—	COM	92826c839
QCOM	QUALCOMM Incorporated	125,647 (+19.3%)	$21,492 (+22.7%)	0.5%	$152.28	+12.2%	COM	747525103
—	NXP Semiconductors N.V.	26,400 (+43.5%)	$5,730 (+36.8%)	0.1%	$191.37	—	COM	n6596x109
—	Makemytrip Limited	63,785 (+53.5%)	$5,238 (+34.7%)	0.1%	$89.60	—	COM	v5633w109
PCAR	PACCAR Inc	28,606 (+7.7%)	$3,133 (+19.9%)	0.1%	$57.57	+75.8%	COM	693718108
JNJ	Johnson & Johnson	10,964 (+1.7%)	$2,269 (+13.5%)	0.1%	$111.64	+76.5%	COM	478160104
CTAS	Cintas Corporation	20,850 (+4.1%)	$3,921 (-4.6%)	0.1%	$164.00	+14.7%	COM	172908105
—	Cisco Systems, Inc.	16,310 (+4.3%)	$1,256 (+17.4%)	0.0%	$51.39	—	COM	17275r102
ABT	Abbott Laboratories	21,364 (+1.1%)	$2,677 (-5.4%)	0.1%	$83.38	+52.7%	COM	002824100
—	Waste Management, Inc.	10,880 (+7.0%)	$2,390 (+6.4%)	0.1%	$221.03	—	COM	94106l109
—	BlackRock, Inc.	4,596 (+7.1%)	$4,919 (-1.7%)	0.1%	$957.53	—	COM	09290d101
—	Nextera Energy, Inc.	9,108 (+5.6%)	$731 (+12.3%)	0.0%	$71.60	—	COM	65339f101
—	Quest Diagnostics Incorporated	10,420 (+12.8%)	$1,808 (+2.7%)	0.0%	$184.39	—	COM	74834l100
DIS	The Walt Disney Company	6,473 (+4.7%)	$736 (+4.0%)	0.0%	$111.89	-2.1%	COM	254687106
—	LGI HOMES, INC.	6,150 (+12.8%)	$264 (-6.3%)	0.0%	$50.71	—	COM	50187t106
ECL	Ecolab Inc.	6,070 (+5.4%)	$1,593 (+1.0%)	0.0%	$166.78	+59.3%	COM	278865100

Exited Positions (6)

— e.l.f. Beauty, Inc. 1.4%

Value ($000) $61,864 Shares 466,968 Est. Cost $114.66 Unrealized —

DXCM DexCom, Inc. 1.0%

Value ($000) $46,123 Shares 685,433 Est. Cost $80.79 Unrealized -20.0%

HUBS HubSpot, Inc. 0.4%

Value ($000) $18,111 Shares 38,715 Est. Cost $565.41 Unrealized -26.7%

CAVA Cava Group Inc 0.0%

Value ($000) $290 Shares 4,800 Est. Cost $83.64 Unrealized -33.3%

— Oddity Tech Ltd 0.0%

Value ($000) $234 Shares 3,750 Est. Cost $75.47 Unrealized —

ABNB Airbnb, Inc. 0.0%

Value ($000) $209 Shares 1,725 Est. Cost $166.98 Unrealized -25.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	e.l.f. Beauty, Inc.	466,968	$61,864	1.4%	$114.66	—	—	26856l103
DXCM	DexCom, Inc.	685,433	$46,123	1.0%	$80.79	-20.0%	—	252131107
HUBS	HubSpot, Inc.	38,715	$18,111	0.4%	$565.41	-26.7%	—	443573100
CAVA	Cava Group Inc	4,800	$290	0.0%	$83.64	-33.3%	—	148929102
—	Oddity Tech Ltd	3,750	$234	0.0%	$75.47	—	—	m7518j104
ABNB	Airbnb, Inc.	1,725	$209	0.0%	$166.98	-25.4%	—	009066101

Decreased Positions (44)

— NVIDIA Corporation 9.8%

Value ($000) $439,440 (-15.5%) Shares 2,356,246 (-15.4%) Est. Cost $136.15 Unrealized —

— Axon Enterprise, Inc. 4.3%

Value ($000) $192,339 (-27.4%) Shares 338,666 (-8.3%) Est. Cost $120.80 Unrealized —

— Tesla, Inc. 6.9%

Value ($000) $312,157 (-18.6%) Shares 694,114 (-19.5%) Est. Cost $311.51 Unrealized —

— Meta Platforms, Inc. 4.9%

Value ($000) $219,337 (-22.9%) Shares 332,284 (-14.3%) Est. Cost $262.26 Unrealized —

ARM Arm Holdings Plc 0.1%

Value ($000) $6,087 (-91.4%) Shares 55,690 (-88.9%) Est. Cost $140.08 Unrealized —

— MercadoLibre, Inc. 4.1%

Value ($000) $184,385 (-25.7%) Shares 91,540 (-13.8%) Est. Cost $534.30 Unrealized —

— The Trade Desk, Inc. 1.0%

Value ($000) $46,329 (-54.0%) Shares 1,220,465 (-40.6%) Est. Cost $84.31 Unrealized —

— Uber Technologies, Inc. 1.8%

Value ($000) $80,025 (-38.3%) Shares 979,377 (-26.0%) Est. Cost $32.04 Unrealized —

— Spotify Technology S.A. 1.2%

Value ($000) $55,198 (-43.1%) Shares 95,052 (-31.6%) Est. Cost $321.84 Unrealized —

— Shopify Inc. 6.0%

Value ($000) $269,582 (-11.6%) Shares 1,674,737 (-18.4%) Est. Cost $56.26 Unrealized —

— Alphabet Inc. Class C 4.2%

Value ($000) $186,918 (+20.6%) Shares 595,660 (-6.4%) Est. Cost $96.41 Unrealized —

MU Micron Technology, Inc. 1.7%

Value ($000) $76,162 (+55.0%) Shares 266,850 (-9.1%) Est. Cost $63.97 Unrealized +258.5%

AMZN Amazon.com, Inc. 4.3%

Value ($000) $195,139 (-11.8%) Shares 845,418 (-16.1%) Est. Cost $122.15 Unrealized +87.3%

VEEV Veeva Systems Inc. 0.7%

Value ($000) $33,407 (-43.4%) Shares 149,654 (-24.5%) Est. Cost $197.01 Unrealized +34.7%

— CrowdStrike Holdings, Inc. 2.1%

Value ($000) $95,211 (-20.2%) Shares 203,113 (-16.5%) Est. Cost $215.06 Unrealized —

AMD Advanced Micro Devices, Inc. 2.6%

Value ($000) $117,891 (+23.5%) Shares 550,483 (-6.7%) Est. Cost $85.56 Unrealized +162.5%

— Exact Sciences Corporation 0.7%

Value ($000) $30,750 (-41.8%) Shares 302,777 (-68.7%) Est. Cost $63.66 Unrealized —

PANW Palo Alto Networks, Inc. 1.2%

Value ($000) $53,276 (-27.6%) Shares 289,228 (-19.9%) Est. Cost $136.34 Unrealized +48.0%

— Zillow Group, Inc. Class C 0.9%

Value ($000) $42,130 (-30.9%) Shares 617,563 (-22.0%) Est. Cost $41.35 Unrealized —

TOST Toast, Inc. 1.5%

Value ($000) $65,871 (-14.8%) Shares 1,854,996 (-12.4%) Est. Cost $21.05 Unrealized +71.3%

NTRA Natera, Inc. 1.6%

Value ($000) $74,127 (+16.7%) Shares 323,571 (-18.0%) Est. Cost $51.74 Unrealized +303.2%

— Ares Management Corporation 0.4%

Value ($000) $18,172 (-28.9%) Shares 112,431 (-29.7%) Est. Cost $165.79 Unrealized —

WING Wingstop Inc. 0.7%

Value ($000) $30,778 (-19.3%) Shares 129,055 (-14.8%) Est. Cost $128.94 Unrealized +92.1%

— Samsara Inc. 0.7%

Value ($000) $30,613 (-17.7%) Shares 863,551 (-13.5%) Est. Cost $41.04 Unrealized —

— On Holding AG 0.5%

Value ($000) $22,433 (-17.4%) Shares 482,648 (-24.7%) Est. Cost $20.01 Unrealized —

— Booking Holdings Inc. 0.3%

Value ($000) $12,880 (-20.0%) Shares 2,405 (-19.3%) Est. Cost $1751.18 Unrealized —

— Datadog, Inc. 0.6%

Value ($000) $26,207 (-10.8%) Shares 192,715 (-6.6%) Est. Cost $109.52 Unrealized —

— Pinterest, Inc. 0.2%

Value ($000) $9,603 (-22.8%) Shares 370,905 (-4.1%) Est. Cost $29.80 Unrealized —

BE Bloom Energy Corporation 0.1%

Value ($000) $6,549 (-26.1%) Shares 75,375 (-28.0%) Est. Cost $12.66 Unrealized +730.1%

— Nebius Group N.V. 0.1%

Value ($000) $3,537 (-39.3%) Shares 42,250 (-18.6%) Est. Cost $21.11 Unrealized —

— Quanta Services, Inc. 1.0%

Value ($000) $43,433 (-4.2%) Shares 102,908 (-5.9%) Est. Cost $311.35 Unrealized —

— DraftKings Inc. 0.1%

Value ($000) $6,557 (-14.7%) Shares 190,290 (-7.4%) Est. Cost $40.69 Unrealized —

— ASML Holding N.V. 0.3%

Value ($000) $14,146 (+8.7%) Shares 13,222 (-1.7%) Est. Cost $646.00 Unrealized —

— Symbotic Inc. 0.1%

Value ($000) $5,281 (-13.3%) Shares 88,750 (-21.5%) Est. Cost $37.98 Unrealized —

— Zoetis Inc. 0.0%

Value ($000) $1,830 (-23.9%) Shares 14,545 (-11.5%) Est. Cost $142.87 Unrealized —

— SPDR S&P 500 ETF Trust 0.1%

Value ($000) $2,679 (-16.8%) Shares 3,929 (-18.7%) Est. Cost $369.07 Unrealized —

— Rivian Automotive, Inc. 0.1%

Value ($000) $3,493 (+17.0%) Shares 177,205 (-12.8%) Est. Cost $22.63 Unrealized —

PAYX Paychex, Inc. 0.1%

Value ($000) $2,375 (-16.8%) Shares 21,173 (-6.0%) Est. Cost $68.56 Unrealized +70.0%

— Blackstone Inc. 0.1%

Value ($000) $2,495 (-10.8%) Shares 16,185 (-1.2%) Est. Cost $117.61 Unrealized —

— Mirion Technologies, Inc. 0.1%

Value ($000) $5,183 (-3.7%) Shares 221,300 (-4.4%) Est. Cost $23.18 Unrealized —

TSCO Tractor Supply Company 0.0%

Value ($000) $907 (-13.8%) Shares 18,130 (-1.9%) Est. Cost $53.20 Unrealized +1.0%

— Planet Labs PBC 0.0%

Value ($000) $444 (-22.3%) Shares 22,500 (-48.9%) Est. Cost $12.98 Unrealized —

— JPMorgan Chase & Co. 0.2%

Value ($000) $9,263 (+0.9%) Shares 28,748 (-1.2%) Est. Cost $110.50 Unrealized —

— Xometry, Inc. 0.0%

Value ($000) $357 (-12.7%) Shares 6,000 (-20.0%) Est. Cost $43.04 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	NVIDIA Corporation	2,356,246 (-15.4%)	$439,440 (-15.5%)	9.8%	$136.15	—	COM	67066g104
—	Axon Enterprise, Inc.	338,666 (-8.3%)	$192,339 (-27.4%)	4.3%	$120.80	—	COM	05464c101
—	Tesla, Inc.	694,114 (-19.5%)	$312,157 (-18.6%)	6.9%	$311.51	—	COM	88160r101
—	Meta Platforms, Inc.	332,284 (-14.3%)	$219,337 (-22.9%)	4.9%	$262.26	—	COM	30303m102
ARM	Arm Holdings Plc	55,690 (-88.9%)	$6,087 (-91.4%)	0.1%	$140.08	—	COM	042068205
—	MercadoLibre, Inc.	91,540 (-13.8%)	$184,385 (-25.7%)	4.1%	$534.30	—	COM	58733r102
—	The Trade Desk, Inc.	1,220,465 (-40.6%)	$46,329 (-54.0%)	1.0%	$84.31	—	COM	88339j105
—	Uber Technologies, Inc.	979,377 (-26.0%)	$80,025 (-38.3%)	1.8%	$32.04	—	COM	90353t100
—	Spotify Technology S.A.	95,052 (-31.6%)	$55,198 (-43.1%)	1.2%	$321.84	—	COM	l8681t102
—	Shopify Inc.	1,674,737 (-18.4%)	$269,582 (-11.6%)	6.0%	$56.26	—	COM	82509l107
—	Alphabet Inc. Class C	595,660 (-6.4%)	$186,918 (+20.6%)	4.2%	$96.41	—	COM	02079k107
MU	Micron Technology, Inc.	266,850 (-9.1%)	$76,162 (+55.0%)	1.7%	$63.97	+258.5%	COM	595112103
AMZN	Amazon.com, Inc.	845,418 (-16.1%)	$195,139 (-11.8%)	4.3%	$122.15	+87.3%	COM	023135106
VEEV	Veeva Systems Inc.	149,654 (-24.5%)	$33,407 (-43.4%)	0.7%	$197.01	+34.7%	COM	922475108
—	CrowdStrike Holdings, Inc.	203,113 (-16.5%)	$95,211 (-20.2%)	2.1%	$215.06	—	COM	22788c105
AMD	Advanced Micro Devices, Inc.	550,483 (-6.7%)	$117,891 (+23.5%)	2.6%	$85.56	+162.5%	COM	007903107
—	Exact Sciences Corporation	302,777 (-68.7%)	$30,750 (-41.8%)	0.7%	$63.66	—	COM	30063p105
PANW	Palo Alto Networks, Inc.	289,228 (-19.9%)	$53,276 (-27.6%)	1.2%	$136.34	+48.0%	COM	697435105
—	Zillow Group, Inc. Class C	617,563 (-22.0%)	$42,130 (-30.9%)	0.9%	$41.35	—	COM	98954m200
TOST	Toast, Inc.	1,854,996 (-12.4%)	$65,871 (-14.8%)	1.5%	$21.05	+71.3%	COM	888787108
NTRA	Natera, Inc.	323,571 (-18.0%)	$74,127 (+16.7%)	1.6%	$51.74	+303.2%	COM	632307104
—	Ares Management Corporation	112,431 (-29.7%)	$18,172 (-28.9%)	0.4%	$165.79	—	COM	03990b101
WING	Wingstop Inc.	129,055 (-14.8%)	$30,778 (-19.3%)	0.7%	$128.94	+92.1%	COM	974155103
—	Samsara Inc.	863,551 (-13.5%)	$30,613 (-17.7%)	0.7%	$41.04	—	COM	79589l106
—	On Holding AG	482,648 (-24.7%)	$22,433 (-17.4%)	0.5%	$20.01	—	COM	h5919c104
—	Booking Holdings Inc.	2,405 (-19.3%)	$12,880 (-20.0%)	0.3%	$1751.18	—	COM	09857l108
—	Datadog, Inc.	192,715 (-6.6%)	$26,207 (-10.8%)	0.6%	$109.52	—	COM	23804l103
—	Pinterest, Inc.	370,905 (-4.1%)	$9,603 (-22.8%)	0.2%	$29.80	—	COM	72352l106
BE	Bloom Energy Corporation	75,375 (-28.0%)	$6,549 (-26.1%)	0.1%	$12.66	+730.1%	COM	093712107
—	Nebius Group N.V.	42,250 (-18.6%)	$3,537 (-39.3%)	0.1%	$21.11	—	COM	n97284108
—	Quanta Services, Inc.	102,908 (-5.9%)	$43,433 (-4.2%)	1.0%	$311.35	—	COM	74762e102
—	DraftKings Inc.	190,290 (-7.4%)	$6,557 (-14.7%)	0.1%	$40.69	—	COM	26142v105
—	ASML Holding N.V.	13,222 (-1.7%)	$14,146 (+8.7%)	0.3%	$646.00	—	COM	n07059210
—	Symbotic Inc.	88,750 (-21.5%)	$5,281 (-13.3%)	0.1%	$37.98	—	COM	87151x101
—	Zoetis Inc.	14,545 (-11.5%)	$1,830 (-23.9%)	0.0%	$142.87	—	COM	98978v103
—	SPDR S&P 500 ETF Trust	3,929 (-18.7%)	$2,679 (-16.8%)	0.1%	$369.07	—	COM	78462f103
—	Rivian Automotive, Inc.	177,205 (-12.8%)	$3,493 (+17.0%)	0.1%	$22.63	—	COM	76954a103
PAYX	Paychex, Inc.	21,173 (-6.0%)	$2,375 (-16.8%)	0.1%	$68.56	+70.0%	COM	704326107
—	Blackstone Inc.	16,185 (-1.2%)	$2,495 (-10.8%)	0.1%	$117.61	—	COM	09260d107
—	Mirion Technologies, Inc.	221,300 (-4.4%)	$5,183 (-3.7%)	0.1%	$23.18	—	COM	60471a101
TSCO	Tractor Supply Company	18,130 (-1.9%)	$907 (-13.8%)	0.0%	$53.20	+1.0%	COM	892356106
—	Planet Labs PBC	22,500 (-48.9%)	$444 (-22.3%)	0.0%	$12.98	—	COM	72703x106
—	JPMorgan Chase & Co.	28,748 (-1.2%)	$9,263 (+0.9%)	0.2%	$110.50	—	COM	46625h100
—	Xometry, Inc.	6,000 (-20.0%)	$357 (-12.7%)	0.0%	$43.04	—	COM	98423f109

Unchanged Positions (26)

— Oracle Corporation 0.7%

Value ($000) $30,738 Shares 157,705 Est. Cost $63.05 Unrealized —

MSFT Microsoft Corporation 3.4%

Value ($000) $152,034 Shares 314,367 Est. Cost $253.29 Unrealized +97.6%

— Broadcom Inc. 2.4%

Value ($000) $108,177 Shares 312,560 Est. Cost $275.63 Unrealized —

AMAT Applied Materials, Inc. 0.4%

Value ($000) $17,989 Shares 70,000 Est. Cost $99.04 Unrealized +141.8%

ANET Arista Networks Inc 0.7%

Value ($000) $32,155 Shares 245,400 Est. Cost $102.84 Unrealized +33.9%

— MongoDB, Inc. 0.3%

Value ($000) $12,591 Shares 30,000 Est. Cost $222.23 Unrealized —

APH Amphenol Corporation 0.5%

Value ($000) $24,046 Shares 177,935 Est. Cost $44.29 Unrealized +201.5%

KLAC KLA Corporation 0.4%

Value ($000) $18,226 Shares 15,000 Est. Cost $334.63 Unrealized +250.2%

— Dell Technologies Inc. 0.3%

Value ($000) $14,082 Shares 111,870 Est. Cost $130.69 Unrealized —

CDNS Cadence Design Systems, Inc. 0.3%

Value ($000) $12,522 Shares 40,060 Est. Cost $196.15 Unrealized +66.4%

— AppFolio, Inc. 0.1%

Value ($000) $5,537 Shares 23,800 Est. Cost $249.53 Unrealized —

— Sportradar Group Ag 0.1%

Value ($000) $5,434 Shares 228,600 Est. Cost $17.34 Unrealized —

HD The Home Depot, Inc. 0.1%

Value ($000) $3,781 Shares 10,987 Est. Cost $178.70 Unrealized +104.0%

— Costco Wholesale Corporation 0.2%

Value ($000) $7,039 Shares 8,163 Est. Cost $391.68 Unrealized —

INTU Intuit Inc. 0.4%

Value ($000) $17,078 Shares 25,781 Est. Cost $405.05 Unrealized +63.1%

— Salesforce, Inc. 0.1%

Value ($000) $4,609 Shares 17,400 Est. Cost $294.97 Unrealized —

AMGN Amgen Inc. 0.1%

Value ($000) $3,260 Shares 9,959 Est. Cost $195.49 Unrealized +61.6%

PGR The Progressive Corporation 0.1%

Value ($000) $4,032 Shares 17,705 Est. Cost $73.10 Unrealized +190.5%

— Broadridge Financial Solutions 0.1%

Value ($000) $5,142 Shares 23,040 Est. Cost $182.90 Unrealized —

AXP American Express Company 0.0%

Value ($000) $629 Shares 1,700 Est. Cost $103.86 Unrealized +243.7%

— D. R. Horton, Inc. 0.0%

Value ($000) $225 Shares 1,565 Est. Cost $128.92 Unrealized —

DE Deere & Company 0.0%

Value ($000) $1,762 Shares 3,785 Est. Cost $485.45 Unrealized -3.7%

DSI iShares MSCI KLD 400 Social 0.0%

Value ($000) $783 Shares 6,075 Est. Cost $97.39 Unrealized —

— Spdr Dow Jones Industrial Avrg 0.0%

Value ($000) $312 Shares 650 Est. Cost $331.33 Unrealized —

— AbbVie Inc. 0.0%

Value ($000) $439 Shares 1,923 Est. Cost $135.21 Unrealized —

SBUX Starbucks Corporation 0.0%

Value ($000) $855 Shares 10,152 Est. Cost $62.19 Unrealized +35.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Oracle Corporation	157,705	$30,738	0.7%	$63.05	—	COM	68389x105
MSFT	Microsoft Corporation	314,367	$152,034	3.4%	$253.29	+97.6%	COM	594918104
—	Broadcom Inc.	312,560	$108,177	2.4%	$275.63	—	COM	11135f101
AMAT	Applied Materials, Inc.	70,000	$17,989	0.4%	$99.04	+141.8%	COM	038222105
ANET	Arista Networks Inc	245,400	$32,155	0.7%	$102.84	+33.9%	COM	040413205
—	MongoDB, Inc.	30,000	$12,591	0.3%	$222.23	—	COM	60937p106
APH	Amphenol Corporation	177,935	$24,046	0.5%	$44.29	+201.5%	COM	032095101
KLAC	KLA Corporation	15,000	$18,226	0.4%	$334.63	+250.2%	COM	482480100
—	Dell Technologies Inc.	111,870	$14,082	0.3%	$130.69	—	COM	24703l202
CDNS	Cadence Design Systems, Inc.	40,060	$12,522	0.3%	$196.15	+66.4%	COM	127387108
—	AppFolio, Inc.	23,800	$5,537	0.1%	$249.53	—	COM	03783c100
—	Sportradar Group Ag	228,600	$5,434	0.1%	$17.34	—	COM	h8088l103
HD	The Home Depot, Inc.	10,987	$3,781	0.1%	$178.70	+104.0%	COM	437076102
—	Costco Wholesale Corporation	8,163	$7,039	0.2%	$391.68	—	COM	22160k105
INTU	Intuit Inc.	25,781	$17,078	0.4%	$405.05	+63.1%	COM	461202103
—	Salesforce, Inc.	17,400	$4,609	0.1%	$294.97	—	COM	79466l302
AMGN	Amgen Inc.	9,959	$3,260	0.1%	$195.49	+61.6%	COM	031162100
PGR	The Progressive Corporation	17,705	$4,032	0.1%	$73.10	+190.5%	COM	743315103
—	Broadridge Financial Solutions	23,040	$5,142	0.1%	$182.90	—	COM	11133t103
AXP	American Express Company	1,700	$629	0.0%	$103.86	+243.7%	COM	025816109
—	D. R. Horton, Inc.	1,565	$225	0.0%	$128.92	—	COM	23331a109
DE	Deere & Company	3,785	$1,762	0.0%	$485.45	-3.7%	COM	244199105
DSI	iShares MSCI KLD 400 Social	6,075	$783	0.0%	$97.39	—	COM	464288570
—	Spdr Dow Jones Industrial Avrg	650	$312	0.0%	$331.33	—	COM	78467x109
—	AbbVie Inc.	1,923	$439	0.0%	$135.21	—	COM	00287y109
SBUX	Starbucks Corporation	10,152	$855	0.0%	$62.19	+35.2%	COM	855244109