Pier Capital, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MOD	Modine Manufacturing Co	58,159	$7,765	1.2%	$148.95	0.0%	COM	607828100
AZZ	AZZ Inc	70,967	$7,606	1.2%	$103.44	0.0%	COM	002474104
BDC	Belden Inc	64,115	$7,473	1.2%	$116.62	0.0%	COM	077454106
COCO	The Vita Coco Company Inc	138,044	$7,318	1.2%	$46.90	0.0%	COM	92846Q107
CVLT	Commvault Systems Inc	58,367	$7,317	1.2%	$140.69	0.0%	COM	204166102
DOCN	DigitalOcean Holdings Inc	136,902	$6,588	1.1%	$44.03	0.0%	COM	25402D102
BILL	BILL Holdings Inc	92,841	$5,064	0.8%	$51.37	0.0%	COM	090043100
ATEC	Alphatec Holdings Inc	229,807	$4,835	0.8%	$18.51	0.0%	COM	02081G201
FORM	FormFactor Inc	86,298	$4,814	0.8%	$50.39	0.0%	COM	346375108
MP	MP Materials Corp	76,811	$3,880	0.6%	$63.41	0.0%	COM	553368101
SITE	SiteOne Landscape Supply Inc	30,403	$3,787	0.6%	$126.61	0.0%	COM	82982L103
SMTC	Semtech Corp	49,209	$3,626	0.6%	$70.95	0.0%	COM	816850101
SHLS	Shoals Technologies Group Inc	426,335	$3,624	0.6%	$8.98	0.0%	COM	82489W107
CAMT	Camtek Ltd	33,248	$3,536	0.6%	$112.33	0.0%	COM	M20791105
SKYT	SkyWater Technology Inc	185,270	$3,365	0.5%	$17.38	0.0%	COM	83089J108
ATI	ATI Inc	29,052	$3,334	0.5%	$97.45	0.0%	COM	01741R102
ESE	ESCO Technologies Inc	15,335	$2,996	0.5%	$210.72	0.0%	COM	296315104
SHAK	Shake Shack Inc	36,189	$2,937	0.5%	$88.17	0.0%	COM	819047101
COGT	Cogent Biosciences Inc	46,260	$1,643	0.3%	$28.11	0.0%	COM	19240Q201
GLBE	Global-e Online Ltd	40,237	$1,582	0.3%	$37.09	0.0%	COM	M5216V106

Increased Positions (26)

WMS Advanced Drainage Systems Inc 1.2%

Value ($000) $7,299 (+72987.9%) Shares 50,394 (+69891.7%) Est. Cost $144.65 Unrealized +0.0%

ALHC Alignment Healthcare Inc 1.7%

Value ($000) $10,797 (+172.2%) Shares 546,674 (+140.5%) Est. Cost $16.66 Unrealized +7.8%

CWAN Clearwater Analytics Holdings Inc 2.6%

Value ($000) $16,449 (+68.3%) Shares 681,972 (+25.7%) Est. Cost $23.58 Unrealized -15.1%

GTLB GitLab Inc 1.4%

Value ($000) $8,886 (+139.5%) Shares 236,771 (+187.6%) Est. Cost $45.10 Unrealized -4.0%

IMAX IMAX Corp 1.4%

Value ($000) $9,040 (+108.8%) Shares 244,589 (+85.0%) Est. Cost $27.84 Unrealized +25.2%

TSEM Tower Semiconductor Ltd 1.3%

Value ($000) $7,928 (+113.3%) Shares 67,520 (+31.4%) Est. Cost $64.56 Unrealized +49.2%

VMI Valmont Industries Inc 1.2%

Value ($000) $7,655 (+108.7%) Shares 19,026 (+101.1%) Est. Cost $385.46 Unrealized +5.6%

EYE National Vision Holdings Inc 1.3%

Value ($000) $8,096 (+86.8%) Shares 313,565 (+111.1%) Est. Cost $25.79 Unrealized +4.3%

HRI Herc Holdings Inc 1.6%

Value ($000) $10,267 (+54.2%) Shares 69,196 (+21.2%) Est. Cost $119.71 Unrealized +13.6%

CVCO Cavco Industries Inc 1.1%

Value ($000) $7,150 (+94.1%) Shares 12,103 (+90.8%) Est. Cost $525.93 Unrealized +7.7%

AIT Applied Industrial Technologies Inc 1.2%

Value ($000) $7,654 (+68.0%) Shares 29,807 (+70.8%) Est. Cost $187.95 Unrealized +35.7%

OMCL Omnicell Inc 1.1%

Value ($000) $6,609 (+87.6%) Shares 145,883 (+26.1%) Est. Cost $34.69 Unrealized +5.5%

AEIS Advanced Energy Industries Inc 1.2%

Value ($000) $7,763 (+53.7%) Shares 37,079 (+24.9%) Est. Cost $161.01 Unrealized +26.4%

PATH UiPath Inc 0.7%

Value ($000) $4,118 (+139.4%) Shares 251,245 (+95.4%) Est. Cost $13.65 Unrealized +14.0%

LIND Lindblad Expeditions Holdings Inc 1.3%

Value ($000) $8,327 (+37.0%) Shares 577,479 (+21.6%) Est. Cost $13.06 Unrealized -3.5%

HLI Houlihan Lokey Inc 1.2%

Value ($000) $7,664 (+37.7%) Shares 44,000 (+62.3%) Est. Cost $135.25 Unrealized +35.4%

FLNC Fluence Energy Inc 0.7%

Value ($000) $4,230 (+93.8%) Shares 213,856 (+5.8%) Est. Cost $8.93 Unrealized +110.9%

CERT Certara Inc 1.2%

Value ($000) $7,404 (-19.7%) Shares 840,449 (+11.4%) Est. Cost $11.58 Unrealized -11.1%

LEU Centrus Energy Corp 0.5%

Value ($000) $3,407 (+107.9%) Shares 14,036 (+165.5%) Est. Cost $271.54 Unrealized +11.2%

FIGR Figure Technology Solutions Inc 0.6%

Value ($000) $3,553 (+95.6%) Shares 87,004 (+74.2%) Est. Cost $39.34 Unrealized +1.7%

GLOB Globant SA 0.3%

Value ($000) $1,699 (+47646.9%) Shares 25,988 (+41816.1%) Est. Cost $63.15 Unrealized -0.5%

FULT Fulton Financial Corp 1.7%

Value ($000) $10,504 (+18.1%) Shares 543,387 (+13.8%) Est. Cost $18.52 Unrealized -1.6%

QTWO Q2 Holdings Inc 1.2%

Value ($000) $7,560 (+13.6%) Shares 104,763 (+14.0%) Est. Cost $47.41 Unrealized +44.8%

SBCF Seacoast Banking Corp of Florida 1.3%

Value ($000) $8,099 (+8.0%) Shares 257,755 (+4.6%) Est. Cost $24.84 Unrealized +25.5%

EVR Evercore Inc 0.1%

Value ($000) $882 (+26.3%) Shares 2,593 (+25.2%) Est. Cost $212.45 Unrealized +51.0%

TW Tradeweb Markets Inc 0.1%

Value ($000) $909 (+4.1%) Shares 8,452 (+7.4%) Est. Cost $78.23 Unrealized +37.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WMS	Advanced Drainage Systems Inc	50,394 (+69891.7%)	$7,299 (+72987.9%)	1.2%	$144.65	+0.0%	COM	00790R104
ALHC	Alignment Healthcare Inc	546,674 (+140.5%)	$10,797 (+172.2%)	1.7%	$16.66	+7.8%	COM	01625V104
CWAN	Clearwater Analytics Holdings Inc	681,972 (+25.7%)	$16,449 (+68.3%)	2.6%	$23.58	-15.1%	COM	185123106
GTLB	GitLab Inc	236,771 (+187.6%)	$8,886 (+139.5%)	1.4%	$45.10	-4.0%	COM	37637K108
IMAX	IMAX Corp	244,589 (+85.0%)	$9,040 (+108.8%)	1.4%	$27.84	+25.2%	COM	45245E109
TSEM	Tower Semiconductor Ltd	67,520 (+31.4%)	$7,928 (+113.3%)	1.3%	$64.56	+49.2%	COM	M87915274
VMI	Valmont Industries Inc	19,026 (+101.1%)	$7,655 (+108.7%)	1.2%	$385.46	+5.6%	COM	920253101
EYE	National Vision Holdings Inc	313,565 (+111.1%)	$8,096 (+86.8%)	1.3%	$25.79	+4.3%	COM	63845R107
HRI	Herc Holdings Inc	69,196 (+21.2%)	$10,267 (+54.2%)	1.6%	$119.71	+13.6%	COM	42704L104
CVCO	Cavco Industries Inc	12,103 (+90.8%)	$7,150 (+94.1%)	1.1%	$525.93	+7.7%	COM	149568107
AIT	Applied Industrial Technologies Inc	29,807 (+70.8%)	$7,654 (+68.0%)	1.2%	$187.95	+35.7%	COM	03820C105
OMCL	Omnicell Inc	145,883 (+26.1%)	$6,609 (+87.6%)	1.1%	$34.69	+5.5%	COM	68213N109
AEIS	Advanced Energy Industries Inc	37,079 (+24.9%)	$7,763 (+53.7%)	1.2%	$161.01	+26.4%	COM	007973100
PATH	UiPath Inc	251,245 (+95.4%)	$4,118 (+139.4%)	0.7%	$13.65	+14.0%	COM	90364P105
LIND	Lindblad Expeditions Holdings Inc	577,479 (+21.6%)	$8,327 (+37.0%)	1.3%	$13.06	-3.5%	COM	535219109
HLI	Houlihan Lokey Inc	44,000 (+62.3%)	$7,664 (+37.7%)	1.2%	$135.25	+35.4%	COM	441593100
FLNC	Fluence Energy Inc	213,856 (+5.8%)	$4,230 (+93.8%)	0.7%	$8.93	+110.9%	COM	34379V103
CERT	Certara Inc	840,449 (+11.4%)	$7,404 (-19.7%)	1.2%	$11.58	-11.1%	COM	15687V109
LEU	Centrus Energy Corp	14,036 (+165.5%)	$3,407 (+107.9%)	0.5%	$271.54	+11.2%	COM	15643U104
FIGR	Figure Technology Solutions Inc	87,004 (+74.2%)	$3,553 (+95.6%)	0.6%	$39.34	+1.7%	COM	349381103
GLOB	Globant SA	25,988 (+41816.1%)	$1,699 (+47646.9%)	0.3%	$63.15	-0.5%	COM	L44385109
FULT	Fulton Financial Corp	543,387 (+13.8%)	$10,504 (+18.1%)	1.7%	$18.52	-1.6%	COM	360271100
QTWO	Q2 Holdings Inc	104,763 (+14.0%)	$7,560 (+13.6%)	1.2%	$47.41	+44.8%	COM	74736L109
SBCF	Seacoast Banking Corp of Florida	257,755 (+4.6%)	$8,099 (+8.0%)	1.3%	$24.84	+25.5%	COM	811707801
EVR	Evercore Inc	2,593 (+25.2%)	$882 (+26.3%)	0.1%	$212.45	+51.0%	COM	29977A105
TW	Tradeweb Markets Inc	8,452 (+7.4%)	$909 (+4.1%)	0.1%	$78.23	+37.2%	COM	892672106

Exited Positions (26)

LNN Lindsay Corp 1.6%

Value ($000) $10,092 Shares 71,799 Est. Cost $128.99 Unrealized -7.1%

CORZ Core Scientific Inc 1.4%

Value ($000) $9,059 Shares 504,958 Est. Cost $12.65 Unrealized +37.8%

ARDT Ardent Health Inc 1.2%

Value ($000) $7,693 Shares 580,620 Est. Cost $15.83 Unrealized -27.0%

NCNO nCino Inc 1.2%

Value ($000) $7,565 Shares 279,056 Est. Cost $24.98 Unrealized +1.6%

— Pinnacle Financial Partners Inc 1.0%

Value ($000) $6,281 Shares 66,972 Est. Cost $89.19 Unrealized —

FRPT Freshpet Inc 0.9%

Value ($000) $5,693 Shares 103,309 Est. Cost $72.27 Unrealized -21.5%

FRSH Freshworks Inc 0.9%

Value ($000) $5,446 Shares 462,702 Est. Cost $14.21 Unrealized -16.9%

CFLT Confluent Inc 0.8%

Value ($000) $5,317 Shares 268,535 Est. Cost $26.68 Unrealized -8.0%

CDXS Codexis Inc 0.7%

Value ($000) $4,615 Shares 1,891,232 Est. Cost $3.68 Unrealized -44.6%

ATGE Adtalem Global Education Inc 0.7%

Value ($000) $4,505 Shares 29,168 Est. Cost $83.62 Unrealized +36.9%

DNLI Denali Therapeutics Inc 0.7%

Value ($000) $4,373 Shares 301,171 Est. Cost $25.68 Unrealized -34.3%

MNTN MNTN Inc 0.7%

Value ($000) $4,211 Shares 226,997 Est. Cost $22.74 Unrealized -36.7%

BRBR BellRing Brands Inc 0.6%

Value ($000) $4,063 Shares 111,774 Est. Cost $45.18 Unrealized -31.3%

TREX Trex Co Inc 0.6%

Value ($000) $3,814 Shares 73,805 Est. Cost $63.94 Unrealized -36.7%

AVXL Anavex Life Sciences Corp 0.6%

Value ($000) $3,702 Shares 415,906 Est. Cost $7.74 Unrealized -20.9%

CAPR Capricor Therapeutics Inc 0.6%

Value ($000) $3,580 Shares 496,554 Est. Cost $12.10 Unrealized +7.9%

AMRC Ameresco Inc 0.6%

Value ($000) $3,505 Shares 104,380 Est. Cost $22.88 Unrealized +53.4%

VRNS Varonis Systems Inc 0.5%

Value ($000) $3,397 Shares 59,111 Est. Cost $46.73 Unrealized -10.2%

ALKT Alkami Technology Inc 0.5%

Value ($000) $3,380 Shares 136,072 Est. Cost $25.54 Unrealized -13.6%

ETOR eToro Group Ltd 0.5%

Value ($000) $3,197 Shares 77,456 Est. Cost $64.04 Unrealized -39.7%

CRNX Crinetics Pharmaceuticals Inc 0.5%

Value ($000) $3,124 Shares 75,000 Est. Cost $31.42 Unrealized +41.7%

GO Grocery Outlet Holding Corp 0.5%

Value ($000) $2,938 Shares 183,075 Est. Cost $15.97 Unrealized -21.2%

PINS Pinterest Inc 0.0%

Value ($000) $11 Shares 339 Est. Cost $32.78 Unrealized -12.2%

WSC WillScot Holdings Corp 0.0%

Value ($000) $8 Shares 379 Est. Cost $31.97 Unrealized -36.9%

ACVA ACV Auctions Inc 0.0%

Value ($000) $6 Shares 651 Est. Cost $19.47 Unrealized -58.4%

FIVN Five9 Inc 0.0%

Value ($000) $5 Shares 221 Est. Cost $36.72 Unrealized -42.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LNN	Lindsay Corp	71,799	$10,092	1.6%	$128.99	-7.1%	—	535555106
CORZ	Core Scientific Inc	504,958	$9,059	1.4%	$12.65	+37.8%	—	21874A106
ARDT	Ardent Health Inc	580,620	$7,693	1.2%	$15.83	-27.0%	—	03980N107
NCNO	nCino Inc	279,056	$7,565	1.2%	$24.98	+1.6%	—	63947X101
—	Pinnacle Financial Partners Inc	66,972	$6,281	1.0%	$89.19	—	—	72346Q104
FRPT	Freshpet Inc	103,309	$5,693	0.9%	$72.27	-21.5%	—	358039105
FRSH	Freshworks Inc	462,702	$5,446	0.9%	$14.21	-16.9%	—	358054104
CFLT	Confluent Inc	268,535	$5,317	0.8%	$26.68	-8.0%	—	20717M103
CDXS	Codexis Inc	1,891,232	$4,615	0.7%	$3.68	-44.6%	—	192005106
ATGE	Adtalem Global Education Inc	29,168	$4,505	0.7%	$83.62	+36.9%	—	00737L103
DNLI	Denali Therapeutics Inc	301,171	$4,373	0.7%	$25.68	-34.3%	—	24823R105
MNTN	MNTN Inc	226,997	$4,211	0.7%	$22.74	-36.7%	—	55318A108
BRBR	BellRing Brands Inc	111,774	$4,063	0.6%	$45.18	-31.3%	—	07831C103
TREX	Trex Co Inc	73,805	$3,814	0.6%	$63.94	-36.7%	—	89531P105
AVXL	Anavex Life Sciences Corp	415,906	$3,702	0.6%	$7.74	-20.9%	—	032797300
CAPR	Capricor Therapeutics Inc	496,554	$3,580	0.6%	$12.10	+7.9%	—	14070B309
AMRC	Ameresco Inc	104,380	$3,505	0.6%	$22.88	+53.4%	—	02361E108
VRNS	Varonis Systems Inc	59,111	$3,397	0.5%	$46.73	-10.2%	—	922280102
ALKT	Alkami Technology Inc	136,072	$3,380	0.5%	$25.54	-13.6%	—	01644J108
ETOR	eToro Group Ltd	77,456	$3,197	0.5%	$64.04	-39.7%	—	G32089107
CRNX	Crinetics Pharmaceuticals Inc	75,000	$3,124	0.5%	$31.42	+41.7%	—	22663K107
GO	Grocery Outlet Holding Corp	183,075	$2,938	0.5%	$15.97	-21.2%	—	39874R101
PINS	Pinterest Inc	339	$11	0.0%	$32.78	-12.2%	—	72352L106
WSC	WillScot Holdings Corp	379	$8	0.0%	$31.97	-36.9%	—	971378104
ACVA	ACV Auctions Inc	651	$6	0.0%	$19.47	-58.4%	—	00091G104
FIVN	Five9 Inc	221	$5	0.0%	$36.72	-42.2%	—	338307101

Decreased Positions (69)

BL BlackLine Inc 0.0%

Value ($000) $6 (-99.9%) Shares 113 (-99.9%) Est. Cost $60.65 Unrealized -9.2%

SITM SiTime Corp 0.7%

Value ($000) $4,464 (-61.9%) Shares 12,640 (-67.5%) Est. Cost $121.79 Unrealized +156.9%

AEHR Aehr Test Systems 0.7%

Value ($000) $4,273 (-61.7%) Shares 211,619 (-43.0%) Est. Cost $13.13 Unrealized +84.2%

GOOS Canada Goose Holdings Inc 0.6%

Value ($000) $3,865 (-59.7%) Shares 298,459 (-57.1%) Est. Cost $10.25 Unrealized +29.8%

ADPT Adaptive Biotechnologies Corp 0.6%

Value ($000) $3,814 (-59.9%) Shares 234,848 (-63.0%) Est. Cost $10.28 Unrealized +58.8%

PWP Perella Weinberg Partners 0.7%

Value ($000) $4,584 (-54.7%) Shares 264,984 (-44.2%) Est. Cost $18.09 Unrealized +2.6%

FOUR Shift4 Payments Inc 0.0%

Value ($000) $8 (-99.8%) Shares 131 (-99.8%) Est. Cost $59.76 Unrealized +18.2%

ELF elf Beauty Inc 0.5%

Value ($000) $2,902 (-62.3%) Shares 38,158 (-34.3%) Est. Cost $95.41 Unrealized +3.2%

PCOR Procore Technologies Inc 0.8%

Value ($000) $5,163 (-44.3%) Shares 70,984 (-44.2%) Est. Cost $66.85 Unrealized +10.6%

GH Guardant Health Inc 0.6%

Value ($000) $3,463 (-47.8%) Shares 33,905 (-68.1%) Est. Cost $34.85 Unrealized +156.7%

BWXT BWX Technologies Inc 0.8%

Value ($000) $5,196 (-35.0%) Shares 30,062 (-30.6%) Est. Cost $55.35 Unrealized +238.6%

ESTA Establishment Labs Holdings Inc 1.7%

Value ($000) $10,483 (+36.3%) Shares 143,842 (-23.4%) Est. Cost $34.87 Unrealized +73.2%

VERX Vertex Inc 0.8%

Value ($000) $4,884 (-32.5%) Shares 244,568 (-16.2%) Est. Cost $27.83 Unrealized -22.3%

GPCR Structure Therapeutics Inc 0.5%

Value ($000) $3,391 (-38.7%) Shares 48,757 (-75.3%) Est. Cost $33.00 Unrealized —

FLS Flowserve Corp 1.5%

Value ($000) $9,611 (+28.3%) Shares 138,520 (-1.8%) Est. Cost $34.75 Unrealized +84.4%

SGRY Surgery Partners Inc 0.8%

Value ($000) $5,019 (-29.4%) Shares 324,834 (-1.2%) Est. Cost $22.30 Unrealized -17.6%

GRAL GRAIL Inc 0.7%

Value ($000) $4,437 (-28.9%) Shares 51,836 (-50.9%) Est. Cost $36.20 Unrealized +138.7%

BE Bloom Energy Corp 0.6%

Value ($000) $3,836 (-31.4%) Shares 44,151 (-33.3%) Est. Cost $23.87 Unrealized +340.1%

HXL Hexcel Corp 1.9%

Value ($000) $11,988 (+16.5%) Shares 162,219 (-1.2%) Est. Cost $55.43 Unrealized +27.5%

MIR Mirion Technologies Inc 2.7%

Value ($000) $16,801 (-9.1%) Shares 717,392 (-9.7%) Est. Cost $15.57 Unrealized +60.2%

OLMA Olema Pharmaceuticals Inc 0.6%

Value ($000) $3,503 (-31.8%) Shares 140,101 (-73.3%) Est. Cost $6.68 Unrealized +166.4%

UTI Universal Technical Institute Inc 1.0%

Value ($000) $6,202 (-20.8%) Shares 237,333 (-1.3%) Est. Cost $15.64 Unrealized +81.1%

FN Fabrinet 1.4%

Value ($000) $8,501 (+22.9%) Shares 18,672 (-1.6%) Est. Cost $114.89 Unrealized +278.6%

RGEN Repligen Corp 1.4%

Value ($000) $8,873 (+20.8%) Shares 54,147 (-1.5%) Est. Cost $140.87 Unrealized +11.2%

ACLX Arcellx Inc 0.6%

Value ($000) $3,851 (-22.1%) Shares 59,063 (-1.9%) Est. Cost $67.74 Unrealized +17.8%

XMTR Xometry Inc 0.7%

Value ($000) $4,617 (-17.8%) Shares 77,640 (-24.7%) Est. Cost $29.31 Unrealized +92.3%

SKY Champion Homes Inc 1.6%

Value ($000) $10,299 (+9.5%) Shares 121,883 (-1.1%) Est. Cost $76.64 Unrealized +2.8%

AXON Axon Enterprise Inc 0.0%

Value ($000) $3 (-99.7%) Shares 5 (-99.6%) Est. Cost $405.07 Unrealized +53.2%

ALGM Allegro Microsystems Inc 1.0%

Value ($000) $6,099 (-11.2%) Shares 231,184 (-1.7%) Est. Cost $24.09 Unrealized +14.2%

CCS Century Communities Inc 1.4%

Value ($000) $8,984 (-7.5%) Shares 151,365 (-1.2%) Est. Cost $57.98 Unrealized +4.7%

ADUS Addus HomeCare Corp 1.0%

Value ($000) $6,225 (-9.9%) Shares 57,964 (-1.0%) Est. Cost $126.40 Unrealized -9.1%

MSA MSA Safety Inc 1.1%

Value ($000) $6,857 (-8.3%) Shares 42,820 (-1.5%) Est. Cost $135.58 Unrealized +20.1%

SAIA Saia Inc 1.4%

Value ($000) $8,582 (+7.6%) Shares 26,284 (-1.3%) Est. Cost $292.36 Unrealized +3.4%

CECO CECO Environmental Corp 0.9%

Value ($000) $5,856 (+10.0%) Shares 97,842 (-5.9%) Est. Cost $24.90 Unrealized +114.8%

STRL Sterling Infrastructure Inc 0.6%

Value ($000) $3,725 (-11.5%) Shares 12,164 (-1.9%) Est. Cost $153.22 Unrealized +124.9%

MRCY Mercury Systems Inc 0.7%

Value ($000) $4,142 (-10.2%) Shares 56,727 (-4.8%) Est. Cost $62.18 Unrealized +19.6%

FROG JFrog Ltd 0.9%

Value ($000) $5,507 (+8.3%) Shares 88,170 (-17.9%) Est. Cost $27.87 Unrealized +104.0%

OSW OneSpaWorld Holdings Ltd 1.4%

Value ($000) $8,569 (-3.5%) Shares 413,170 (-1.6%) Est. Cost $9.86 Unrealized +112.0%

BOOT Boot Barn Holdings Inc 1.0%

Value ($000) $6,514 (+4.0%) Shares 36,915 (-2.3%) Est. Cost $78.76 Unrealized +136.9%

IBP Installed Building Products Inc 1.1%

Value ($000) $6,852 (+3.7%) Shares 26,417 (-1.3%) Est. Cost $145.18 Unrealized +77.9%

ONTO Onto Innovation Inc 1.5%

Value ($000) $9,185 (-2.6%) Shares 58,183 (-20.3%) Est. Cost $160.49 Unrealized -11.5%

TDY Teledyne Technologies Inc 0.1%

Value ($000) $788 (-22.3%) Shares 1,542 (-10.9%) Est. Cost $547.47 Unrealized -3.8%

KGS Kodiak Gas Services Inc 0.8%

Value ($000) $4,847 (-4.1%) Shares 129,612 (-5.2%) Est. Cost $30.93 Unrealized +14.3%

MDB MongoDB Inc 0.2%

Value ($000) $1,098 (-14.1%) Shares 2,617 (-36.5%) Est. Cost $289.74 Unrealized +25.6%

DT Dynatrace Inc 0.1%

Value ($000) $570 (-22.3%) Shares 13,147 (-13.2%) Est. Cost $49.97 Unrealized -6.7%

LNG Cheniere Energy Inc 0.0%

Value ($000) $288 (-27.8%) Shares 1,481 (-12.8%) Est. Cost $176.91 Unrealized +18.7%

LSCC Lattice Semiconductor Corp 1.1%

Value ($000) $6,728 (-1.5%) Shares 91,438 (-1.9%) Est. Cost $49.23 Unrealized —

POWL Powell Industries Inc 0.7%

Value ($000) $4,602 (-2.0%) Shares 14,435 (-6.3%) Est. Cost $206.07 Unrealized +63.3%

MPWR Monolithic Power Systems Inc 0.1%

Value ($000) $422 (-14.1%) Shares 466 (-12.7%) Est. Cost $514.30 Unrealized +86.8%

ANGO AngioDynamics Inc 1.2%

Value ($000) $7,343 (-0.9%) Shares 571,855 (-13.8%) Est. Cost $10.30 Unrealized +19.8%

SXT Sensient Technologies Corp 0.7%

Value ($000) $4,562 (-1.1%) Shares 48,555 (-1.2%) Est. Cost $89.43 Unrealized +5.5%

TXRH Texas Roadhouse Inc 0.1%

Value ($000) $319 (-12.9%) Shares 1,923 (-12.8%) Est. Cost $91.56 Unrealized +84.3%

FIX Comfort Systems USA Inc 0.3%

Value ($000) $1,615 (-1.2%) Shares 1,730 (-12.7%) Est. Cost $402.00 Unrealized +129.6%

MSCI MSCI Inc 0.0%

Value ($000) $5 (-66.3%) Shares 9 (-66.7%) Est. Cost $476.22 Unrealized +17.6%

WST West Pharmaceutical Services I 0.0%

Value ($000) $5 (-65.0%) Shares 18 (-66.7%) Est. Cost $329.02 Unrealized -16.9%

ULTA Ulta Beauty Inc 0.0%

Value ($000) $5 (-63.1%) Shares 8 (-66.7%) Est. Cost $408.92 Unrealized +34.4%

STVN Stevanato Group SpA 0.0%

Value ($000) $6 (-59.2%) Shares 282 (-47.8%) Est. Cost $26.40 Unrealized -12.0%

FTI TechnipFMC plc 0.0%

Value ($000) $5 (-62.4%) Shares 108 (-66.7%) Est. Cost $11.15 Unrealized +278.4%

BLD TopBuild Corp 0.0%

Value ($000) $3 (-64.4%) Shares 8 (-66.7%) Est. Cost $286.36 Unrealized +49.7%

ENTG Entegris Inc 0.0%

Value ($000) $2 (-69.6%) Shares 28 (-66.7%) Est. Cost $96.03 Unrealized -9.6%

IDXX IDEXX Laboratories Inc 0.0%

Value ($000) $3 (-64.7%) Shares 4 (-66.7%) Est. Cost $476.77 Unrealized +42.8%

IQV IQVIA Holdings Inc 0.0%

Value ($000) $3 (-60.4%) Shares 14 (-66.7%) Est. Cost $204.96 Unrealized +6.2%

IEX IDEX Corp 0.0%

Value ($000) $3 (-63.6%) Shares 15 (-66.7%) Est. Cost $196.08 Unrealized -12.9%

DXCM Dexcom Inc 0.0%

Value ($000) $2 (-67.1%) Shares 34 (-66.7%) Est. Cost $92.49 Unrealized -30.1%

ESTC Elastic NV 0.0%

Value ($000) $2 (-70.2%) Shares 25 (-66.7%) Est. Cost $88.87 Unrealized -8.2%

FIVE Five Below Inc 0.0%

Value ($000) $2 (-59.4%) Shares 11 (-66.7%) Est. Cost $156.47 Unrealized +3.9%

LNTH Lantheus Holdings Inc 0.0%

Value ($000) $3 (-31.5%) Shares 47 (-47.2%) Est. Cost $75.62 Unrealized -23.0%

VIK Viking Holdings Ltd 0.0%

Value ($000) $4 (-23.4%) Shares 60 (-33.3%) Est. Cost $46.11 Unrealized +38.4%

PGNY Progyny Inc 0.0%

Value ($000) $10 (-9.2%) Shares 394 (-23.9%) Est. Cost $27.10 Unrealized -15.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BL	BlackLine Inc	113 (-99.9%)	$6 (-99.9%)	0.0%	$60.65	-9.2%	COM	09239B109
SITM	SiTime Corp	12,640 (-67.5%)	$4,464 (-61.9%)	0.7%	$121.79	+156.9%	COM	82982T106
AEHR	Aehr Test Systems	211,619 (-43.0%)	$4,273 (-61.7%)	0.7%	$13.13	+84.2%	COM	00760J108
GOOS	Canada Goose Holdings Inc	298,459 (-57.1%)	$3,865 (-59.7%)	0.6%	$10.25	+29.8%	COM	135086106
ADPT	Adaptive Biotechnologies Corp	234,848 (-63.0%)	$3,814 (-59.9%)	0.6%	$10.28	+58.8%	COM	00650F109
PWP	Perella Weinberg Partners	264,984 (-44.2%)	$4,584 (-54.7%)	0.7%	$18.09	+2.6%	COM	71367G102
FOUR	Shift4 Payments Inc	131 (-99.8%)	$8 (-99.8%)	0.0%	$59.76	+18.2%	COM	82452J109
ELF	elf Beauty Inc	38,158 (-34.3%)	$2,902 (-62.3%)	0.5%	$95.41	+3.2%	COM	26856L103
PCOR	Procore Technologies Inc	70,984 (-44.2%)	$5,163 (-44.3%)	0.8%	$66.85	+10.6%	COM	74275K108
GH	Guardant Health Inc	33,905 (-68.1%)	$3,463 (-47.8%)	0.6%	$34.85	+156.7%	COM	40131M109
BWXT	BWX Technologies Inc	30,062 (-30.6%)	$5,196 (-35.0%)	0.8%	$55.35	+238.6%	COM	05605H100
ESTA	Establishment Labs Holdings Inc	143,842 (-23.4%)	$10,483 (+36.3%)	1.7%	$34.87	+73.2%	COM	G31249108
VERX	Vertex Inc	244,568 (-16.2%)	$4,884 (-32.5%)	0.8%	$27.83	-22.3%	COM	92538J106
GPCR	Structure Therapeutics Inc	48,757 (-75.3%)	$3,391 (-38.7%)	0.5%	$33.00	—	ADR	86366E106
FLS	Flowserve Corp	138,520 (-1.8%)	$9,611 (+28.3%)	1.5%	$34.75	+84.4%	COM	34354P105
SGRY	Surgery Partners Inc	324,834 (-1.2%)	$5,019 (-29.4%)	0.8%	$22.30	-17.6%	COM	86881A100
GRAL	GRAIL Inc	51,836 (-50.9%)	$4,437 (-28.9%)	0.7%	$36.20	+138.7%	COM	384747101
BE	Bloom Energy Corp	44,151 (-33.3%)	$3,836 (-31.4%)	0.6%	$23.87	+340.1%	COM	093712107
HXL	Hexcel Corp	162,219 (-1.2%)	$11,988 (+16.5%)	1.9%	$55.43	+27.5%	COM	428291108
MIR	Mirion Technologies Inc	717,392 (-9.7%)	$16,801 (-9.1%)	2.7%	$15.57	+60.2%	COM	60471A101
OLMA	Olema Pharmaceuticals Inc	140,101 (-73.3%)	$3,503 (-31.8%)	0.6%	$6.68	+166.4%	COM	68062P106
UTI	Universal Technical Institute Inc	237,333 (-1.3%)	$6,202 (-20.8%)	1.0%	$15.64	+81.1%	COM	913915104
FN	Fabrinet	18,672 (-1.6%)	$8,501 (+22.9%)	1.4%	$114.89	+278.6%	COM	G3323L100
RGEN	Repligen Corp	54,147 (-1.5%)	$8,873 (+20.8%)	1.4%	$140.87	+11.2%	COM	759916109
ACLX	Arcellx Inc	59,063 (-1.9%)	$3,851 (-22.1%)	0.6%	$67.74	+17.8%	COM	03940C100
XMTR	Xometry Inc	77,640 (-24.7%)	$4,617 (-17.8%)	0.7%	$29.31	+92.3%	COM	98423F109
SKY	Champion Homes Inc	121,883 (-1.1%)	$10,299 (+9.5%)	1.6%	$76.64	+2.8%	COM	830830105
AXON	Axon Enterprise Inc	5 (-99.6%)	$3 (-99.7%)	0.0%	$405.07	+53.2%	COM	05464C101
ALGM	Allegro Microsystems Inc	231,184 (-1.7%)	$6,099 (-11.2%)	1.0%	$24.09	+14.2%	COM	01749D105
CCS	Century Communities Inc	151,365 (-1.2%)	$8,984 (-7.5%)	1.4%	$57.98	+4.7%	COM	156504300
ADUS	Addus HomeCare Corp	57,964 (-1.0%)	$6,225 (-9.9%)	1.0%	$126.40	-9.1%	COM	006739106
MSA	MSA Safety Inc	42,820 (-1.5%)	$6,857 (-8.3%)	1.1%	$135.58	+20.1%	COM	553498106
SAIA	Saia Inc	26,284 (-1.3%)	$8,582 (+7.6%)	1.4%	$292.36	+3.4%	COM	78709Y105
CECO	CECO Environmental Corp	97,842 (-5.9%)	$5,856 (+10.0%)	0.9%	$24.90	+114.8%	COM	125141101
STRL	Sterling Infrastructure Inc	12,164 (-1.9%)	$3,725 (-11.5%)	0.6%	$153.22	+124.9%	COM	859241101
MRCY	Mercury Systems Inc	56,727 (-4.8%)	$4,142 (-10.2%)	0.7%	$62.18	+19.6%	COM	589378108
FROG	JFrog Ltd	88,170 (-17.9%)	$5,507 (+8.3%)	0.9%	$27.87	+104.0%	COM	M6191J100
OSW	OneSpaWorld Holdings Ltd	413,170 (-1.6%)	$8,569 (-3.5%)	1.4%	$9.86	+112.0%	COM	P73684113
BOOT	Boot Barn Holdings Inc	36,915 (-2.3%)	$6,514 (+4.0%)	1.0%	$78.76	+136.9%	COM	099406100
IBP	Installed Building Products Inc	26,417 (-1.3%)	$6,852 (+3.7%)	1.1%	$145.18	+77.9%	COM	45780R101
ONTO	Onto Innovation Inc	58,183 (-20.3%)	$9,185 (-2.6%)	1.5%	$160.49	-11.5%	COM	683344105
TDY	Teledyne Technologies Inc	1,542 (-10.9%)	$788 (-22.3%)	0.1%	$547.47	-3.8%	COM	879360105
KGS	Kodiak Gas Services Inc	129,612 (-5.2%)	$4,847 (-4.1%)	0.8%	$30.93	+14.3%	COM	50012A108
MDB	MongoDB Inc	2,617 (-36.5%)	$1,098 (-14.1%)	0.2%	$289.74	+25.6%	COM	60937P106
DT	Dynatrace Inc	13,147 (-13.2%)	$570 (-22.3%)	0.1%	$49.97	-6.7%	COM	268150109
LNG	Cheniere Energy Inc	1,481 (-12.8%)	$288 (-27.8%)	0.0%	$176.91	+18.7%	COM	16411R208
LSCC	Lattice Semiconductor Corp	91,438 (-1.9%)	$6,728 (-1.5%)	1.1%	$49.23	—	COM	518415104
POWL	Powell Industries Inc	14,435 (-6.3%)	$4,602 (-2.0%)	0.7%	$206.07	+63.3%	COM	739128106
MPWR	Monolithic Power Systems Inc	466 (-12.7%)	$422 (-14.1%)	0.1%	$514.30	+86.8%	COM	609839105
ANGO	AngioDynamics Inc	571,855 (-13.8%)	$7,343 (-0.9%)	1.2%	$10.30	+19.8%	COM	03475V101
SXT	Sensient Technologies Corp	48,555 (-1.2%)	$4,562 (-1.1%)	0.7%	$89.43	+5.5%	COM	81725T100
TXRH	Texas Roadhouse Inc	1,923 (-12.8%)	$319 (-12.9%)	0.1%	$91.56	+84.3%	COM	882681109
FIX	Comfort Systems USA Inc	1,730 (-12.7%)	$1,615 (-1.2%)	0.3%	$402.00	+129.6%	COM	199908104
MSCI	MSCI Inc	9 (-66.7%)	$5 (-66.3%)	0.0%	$476.22	+17.6%	COM	55354G100
WST	West Pharmaceutical Services I	18 (-66.7%)	$5 (-65.0%)	0.0%	$329.02	-16.9%	COM	955306105
ULTA	Ulta Beauty Inc	8 (-66.7%)	$5 (-63.1%)	0.0%	$408.92	+34.4%	COM	90384S303
STVN	Stevanato Group SpA	282 (-47.8%)	$6 (-59.2%)	0.0%	$26.40	-12.0%	COM	T9224W109
FTI	TechnipFMC plc	108 (-66.7%)	$5 (-62.4%)	0.0%	$11.15	+278.4%	COM	G87110105
BLD	TopBuild Corp	8 (-66.7%)	$3 (-64.4%)	0.0%	$286.36	+49.7%	COM	89055F103
ENTG	Entegris Inc	28 (-66.7%)	$2 (-69.6%)	0.0%	$96.03	-9.6%	COM	29362U104
IDXX	IDEXX Laboratories Inc	4 (-66.7%)	$3 (-64.7%)	0.0%	$476.77	+42.8%	COM	45168D104
IQV	IQVIA Holdings Inc	14 (-66.7%)	$3 (-60.4%)	0.0%	$204.96	+6.2%	COM	46266C105
IEX	IDEX Corp	15 (-66.7%)	$3 (-63.6%)	0.0%	$196.08	-12.9%	COM	45167R104
DXCM	Dexcom Inc	34 (-66.7%)	$2 (-67.1%)	0.0%	$92.49	-30.1%	COM	252131107
ESTC	Elastic NV	25 (-66.7%)	$2 (-70.2%)	0.0%	$88.87	-8.2%	COM	N14506104
FIVE	Five Below Inc	11 (-66.7%)	$2 (-59.4%)	0.0%	$156.47	+3.9%	COM	33829M101
LNTH	Lantheus Holdings Inc	47 (-47.2%)	$3 (-31.5%)	0.0%	$75.62	-23.0%	COM	516544103
VIK	Viking Holdings Ltd	60 (-33.3%)	$4 (-23.4%)	0.0%	$46.11	+38.4%	COM	G93A5A101
PGNY	Progyny Inc	394 (-23.9%)	$10 (-9.2%)	0.0%	$27.10	-15.1%	COM	74340E103

Unchanged Positions (10)

ROIV Roivant Sciences Ltd 1.4%

Value ($000) $8,486 Shares 391,061 Est. Cost $8.91 Unrealized +121.5%

SIBN SI-BONE Inc 1.5%

Value ($000) $9,568 Shares 485,217 Est. Cost $15.18 Unrealized +14.5%

ODD Oddity Tech Ltd 0.7%

Value ($000) $4,205 Shares 104,649 Est. Cost $62.32 Unrealized -27.5%

OLLI Ollies Bargain Outlet Holdings Inc 1.1%

Value ($000) $6,680 Shares 60,944 Est. Cost $61.86 Unrealized +94.9%

LASR nLight Inc 0.8%

Value ($000) $4,942 Shares 131,747 Est. Cost $24.80 Unrealized +34.7%

GBCI Glacier Bancorp Inc 1.4%

Value ($000) $8,639 Shares 196,118 Est. Cost $42.91 Unrealized +1.5%

IPAR Interparfums Inc 0.9%

Value ($000) $5,678 Shares 66,937 Est. Cost $90.67 Unrealized -2.9%

RDNT RadNet Inc 1.4%

Value ($000) $8,634 Shares 121,005 Est. Cost $35.29 Unrealized +118.8%

PRVA Privia Health Group Inc 1.3%

Value ($000) $8,423 Shares 355,259 Est. Cost $24.66 Unrealized -1.3%

MC Moelis & Co 1.6%

Value ($000) $9,717 Shares 141,352 Est. Cost $62.75 Unrealized +4.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ROIV	Roivant Sciences Ltd	391,061	$8,486	1.4%	$8.91	+121.5%	COM	G76279101
SIBN	SI-BONE Inc	485,217	$9,568	1.5%	$15.18	+14.5%	COM	825704109
ODD	Oddity Tech Ltd	104,649	$4,205	0.7%	$62.32	-27.5%	COM	M7518J104
OLLI	Ollies Bargain Outlet Holdings Inc	60,944	$6,680	1.1%	$61.86	+94.9%	COM	681116109
LASR	nLight Inc	131,747	$4,942	0.8%	$24.80	+34.7%	COM	65487K100
GBCI	Glacier Bancorp Inc	196,118	$8,639	1.4%	$42.91	+1.5%	COM	37637Q105
IPAR	Interparfums Inc	66,937	$5,678	0.9%	$90.67	-2.9%	COM	458334109
RDNT	RadNet Inc	121,005	$8,634	1.4%	$35.29	+118.8%	COM	750491102
PRVA	Privia Health Group Inc	355,259	$8,423	1.3%	$24.66	-1.3%	COM	74276R102
MC	Moelis & Co	141,352	$9,717	1.6%	$62.75	+4.8%	COM	60786M105