AXIOM INVESTORS LLC /DE Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DHR	DANAHER CORPORATION	977,942	$223,870	2.0%	$219.54	0.0%	COM	235851102
AER	AERCAP HOLDINGS NV	539,047	$77,493	0.7%	$132.45	0.0%	SHS	N00985106
CW	CURTISS WRIGHT CORP	139,482	$76,892	0.7%	$557.64	0.0%	COM	231561101
GH	GUARDANT HEALTH INC	203,642	$20,800	0.2%	$89.46	0.0%	COM	40131M109
GTX	GARRETT MOTION INC	871,165	$15,184	0.1%	$15.92	0.0%	COM	366505105
RMBS	RAMBUS INC DEL	163,242	$15,000	0.1%	$98.40	0.0%	COM	750917106
NXT	NEXTPOWER INC	145,640	$12,687	0.1%	$90.67	0.0%	CLASS A COM	65290E101
ATMU	ATMUS FILTRATION TECHNOLOGIE	224,745	$11,667	0.1%	$48.33	0.0%	COM	04956D107
HURN	HURON CONSULTING GROUP INC	64,804	$11,205	0.1%	$163.70	0.0%	COM	447462102
JBTM	JBT MAREL CORPORATION	73,615	$11,092	0.1%	$140.93	0.0%	COM	477839104
MIAX	MIAMI INTL HLDGS INC	243,174	$10,792	0.1%	$44.60	0.0%	COM	59356Q108
WGS	GENEDX HOLDINGS CORP	68,855	$8,955	0.1%	$137.25	0.0%	COM CL A	81663L200
BE	BLOOM ENERGY CORP	95,909	$8,334	0.1%	$105.07	0.0%	COM CL A	093712107
BETA	BETA TECHNOLOGIES INC	104,400	$2,945	0.0%	$29.84	0.0%	COM SHS CL A	086921103

Increased Positions (35)

GOOGL ALPHABET INC 9.3%

Value ($000) $1,057,663 (+406.3%) Shares 3,379,116 (+293.2%) Est. Cost $253.31 Unrealized +12.7%

NFLX NETFLIX INC 0.6%

Value ($000) $63,435 (-92.0%) Shares 676,566 (+2.5%) Est. Cost $69.31 Unrealized +55.5%

JPM JPMORGAN CHASE & CO. 7.4%

Value ($000) $845,543 (+54.8%) Shares 2,624,117 (+51.6%) Est. Cost $264.13 Unrealized +17.2%

NOW SERVICENOW INC 1.6%

Value ($000) $185,122 (-57.5%) Shares 1,208,445 (+155.5%) Est. Cost $166.44 Unrealized +3.1%

APH AMPHENOL CORP NEW 4.7%

Value ($000) $539,806 (+46.8%) Shares 3,994,417 (+34.4%) Est. Cost $115.58 Unrealized +15.5%

SCCO SOUTHERN COPPER CORP 0.5%

Value ($000) $54,517 (+179.6%) Shares 379,991 (+136.5%) Est. Cost $117.83 Unrealized +12.7%

TJX TJX COS INC NEW 1.2%

Value ($000) $133,866 (+28.7%) Shares 871,469 (+21.1%) Est. Cost $129.12 Unrealized +14.4%

INSM INSMED INC 0.4%

Value ($000) $44,528 (+187.0%) Shares 255,849 (+137.5%) Est. Cost $135.81 Unrealized +34.4%

SHOP SHOPIFY INC 1.6%

Value ($000) $176,828 (+16.4%) Shares 1,098,515 (+7.5%) Est. Cost $105.98 Unrealized +51.5%

AVGO BROADCOM INC 2.0%

Value ($000) $230,340 (+11.9%) Shares 665,529 (+6.7%) Est. Cost $268.20 Unrealized +33.1%

NU NU HLDGS LTD 1.2%

Value ($000) $139,287 (+19.5%) Shares 8,320,628 (+14.3%) Est. Cost $13.70 Unrealized +17.3%

FCFS FIRSTCASH HOLDINGS INC 0.2%

Value ($000) $17,153 (+346.2%) Shares 107,624 (+343.5%) Est. Cost $152.94 Unrealized +2.7%

BBIO BRIDGEBIO PHARMA INC 0.1%

Value ($000) $15,873 (+178.1%) Shares 207,519 (+88.8%) Est. Cost $56.71 Unrealized +15.8%

OSIS OSI SYSTEMS INC 0.1%

Value ($000) $17,040 (+112.3%) Shares 66,808 (+107.4%) Est. Cost $227.10 Unrealized +15.0%

CWST CASELLA WASTE SYS INC 0.2%

Value ($000) $19,722 (+74.3%) Shares 201,364 (+68.9%) Est. Cost $99.56 Unrealized -6.8%

AXSM AXSOME THERAPEUTICS INC 0.1%

Value ($000) $11,578 (+93.5%) Shares 63,390 (+28.7%) Est. Cost $119.10 Unrealized +17.2%

RBC RBC BEARINGS INC 0.2%

Value ($000) $22,868 (+32.2%) Shares 50,996 (+15.1%) Est. Cost $298.50 Unrealized +41.9%

BAP CREDICORP LTD 0.1%

Value ($000) $14,900 (+52.5%) Shares 51,915 (+41.5%) Est. Cost $205.80 Unrealized +28.7%

NVMI NOVA MEASURING INSTRUMENTS L 0.2%

Value ($000) $24,860 (+22.0%) Shares 75,704 (+18.7%) Est. Cost $211.05 Unrealized +52.3%

NOVT NOVANTA INC 0.1%

Value ($000) $5,701 (+232.6%) Shares 47,912 (+179.9%) Est. Cost $125.09 Unrealized -9.0%

SF STIFEL FINL CORP 0.2%

Value ($000) $22,724 (+19.0%) Shares 181,474 (+7.9%) Est. Cost $85.76 Unrealized +39.4%

MIR MIRION TECHNOLOGIES INC 0.1%

Value ($000) $16,897 (+26.9%) Shares 721,496 (+26.1%) Est. Cost $19.92 Unrealized +25.2%

PTGX PROTAGONIST THERAPEUTICS INC 0.1%

Value ($000) $7,814 (+46.8%) Shares 89,468 (+11.7%) Est. Cost $51.67 Unrealized +58.4%

VSEC VSE CORP 0.2%

Value ($000) $22,787 (+12.2%) Shares 131,890 (+8.0%) Est. Cost $124.41 Unrealized +37.4%

HWM HOWMET AEROSPACE INC 0.1%

Value ($000) $5,716 (+41.6%) Shares 27,880 (+35.6%) Est. Cost $186.54 Unrealized +6.7%

CR CRANE COMPANY 0.2%

Value ($000) $18,811 (+9.4%) Shares 101,998 (+9.2%) Est. Cost $116.42 Unrealized +59.2%

HEI HEICO CORP NEW 0.1%

Value ($000) $6,837 (+22.1%) Shares 21,130 (+21.8%) Est. Cost $299.25 Unrealized +5.6%

IDCC INTERDIGITAL INC 0.2%

Value ($000) $17,288 (+6.7%) Shares 54,301 (+15.7%) Est. Cost $282.79 Unrealized +25.0%

HQY HEALTHEQUITY INC 0.1%

Value ($000) $15,410 (+7.4%) Shares 168,216 (+11.1%) Est. Cost $99.10 Unrealized -3.4%

MNKD MANNKIND CORP 0.1%

Value ($000) $5,884 (+21.8%) Shares 1,037,704 (+15.4%) Est. Cost $4.54 Unrealized +21.4%

IEMG ISHARES INC 0.1%

Value ($000) $10,446 (+8.2%) Shares 155,400 (+6.1%) Est. Cost $53.36 Unrealized —

SXT SENSIENT TECHNOLOGIES CORP 0.1%

Value ($000) $15,153 (+5.2%) Shares 161,293 (+5.1%) Est. Cost $96.14 Unrealized -1.9%

SUPN SUPERNUS PHARMACEUTICALS INC 0.0%

Value ($000) $5,277 (+5.5%) Shares 106,185 (+1.5%) Est. Cost $35.42 Unrealized +37.3%

EWT ISHARES INC 0.0%

Value ($000) $1,976 (+14.6%) Shares 31,100 (+14.8%) Est. Cost $57.12 Unrealized —

MLTX MOONLAKE IMMUNOTHERAPEUTICS 0.0%

Value ($000) $343 (+89.8%) Shares 25,998 (+3.2%) Est. Cost $50.85 Unrealized -76.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	3,379,116 (+293.2%)	$1,057,663 (+406.3%)	9.3%	$253.31	+12.7%	CAP STK CL A	02079K305
NFLX	NETFLIX INC	676,566 (+2.5%)	$63,435 (-92.0%)	0.6%	$69.31	+55.5%	COM	64110L106
JPM	JPMORGAN CHASE & CO.	2,624,117 (+51.6%)	$845,543 (+54.8%)	7.4%	$264.13	+17.2%	COM	46625H100
NOW	SERVICENOW INC	1,208,445 (+155.5%)	$185,122 (-57.5%)	1.6%	$166.44	+3.1%	COM	81762P102
APH	AMPHENOL CORP NEW	3,994,417 (+34.4%)	$539,806 (+46.8%)	4.7%	$115.58	+15.5%	CL A	032095101
SCCO	SOUTHERN COPPER CORP	379,991 (+136.5%)	$54,517 (+179.6%)	0.5%	$117.83	+12.7%	COM	84265V105
TJX	TJX COS INC NEW	871,469 (+21.1%)	$133,866 (+28.7%)	1.2%	$129.12	+14.4%	COM	872540109
INSM	INSMED INC	255,849 (+137.5%)	$44,528 (+187.0%)	0.4%	$135.81	+34.4%	COM PAR $.01	457669307
SHOP	SHOPIFY INC	1,098,515 (+7.5%)	$176,828 (+16.4%)	1.6%	$105.98	+51.5%	CL A	82509L107
AVGO	BROADCOM INC	665,529 (+6.7%)	$230,340 (+11.9%)	2.0%	$268.20	+33.1%	COM	11135F101
NU	NU HLDGS LTD	8,320,628 (+14.3%)	$139,287 (+19.5%)	1.2%	$13.70	+17.3%	ORD SHS CL A	G6683N103
FCFS	FIRSTCASH HOLDINGS INC	107,624 (+343.5%)	$17,153 (+346.2%)	0.2%	$152.94	+2.7%	COM	33768G107
BBIO	BRIDGEBIO PHARMA INC	207,519 (+88.8%)	$15,873 (+178.1%)	0.1%	$56.71	+15.8%	COM	10806X102
OSIS	OSI SYSTEMS INC	66,808 (+107.4%)	$17,040 (+112.3%)	0.1%	$227.10	+15.0%	COM	671044105
CWST	CASELLA WASTE SYS INC	201,364 (+68.9%)	$19,722 (+74.3%)	0.2%	$99.56	-6.8%	CL A	147448104
AXSM	AXSOME THERAPEUTICS INC	63,390 (+28.7%)	$11,578 (+93.5%)	0.1%	$119.10	+17.2%	COM	05464T104
RBC	RBC BEARINGS INC	50,996 (+15.1%)	$22,868 (+32.2%)	0.2%	$298.50	+41.9%	COM	75524B104
BAP	CREDICORP LTD	51,915 (+41.5%)	$14,900 (+52.5%)	0.1%	$205.80	+28.7%	COM	G2519Y108
NVMI	NOVA MEASURING INSTRUMENTS L	75,704 (+18.7%)	$24,860 (+22.0%)	0.2%	$211.05	+52.3%	COM	M7516K103
NOVT	NOVANTA INC	47,912 (+179.9%)	$5,701 (+232.6%)	0.1%	$125.09	-9.0%	COM	67000B104
SF	STIFEL FINL CORP	181,474 (+7.9%)	$22,724 (+19.0%)	0.2%	$85.76	+39.4%	COM	860630102
MIR	MIRION TECHNOLOGIES INC	721,496 (+26.1%)	$16,897 (+26.9%)	0.1%	$19.92	+25.2%	COM CL A	60471A101
PTGX	PROTAGONIST THERAPEUTICS INC	89,468 (+11.7%)	$7,814 (+46.8%)	0.1%	$51.67	+58.4%	COM	74366E102
VSEC	VSE CORP	131,890 (+8.0%)	$22,787 (+12.2%)	0.2%	$124.41	+37.4%	COM	918284100
HWM	HOWMET AEROSPACE INC	27,880 (+35.6%)	$5,716 (+41.6%)	0.1%	$186.54	+6.7%	COM	443201108
CR	CRANE COMPANY	101,998 (+9.2%)	$18,811 (+9.4%)	0.2%	$116.42	+59.2%	COMMON STOCK	224408104
HEI	HEICO CORP NEW	21,130 (+21.8%)	$6,837 (+22.1%)	0.1%	$299.25	+5.6%	COM	422806109
IDCC	INTERDIGITAL INC	54,301 (+15.7%)	$17,288 (+6.7%)	0.2%	$282.79	+25.0%	COM	45867G101
HQY	HEALTHEQUITY INC	168,216 (+11.1%)	$15,410 (+7.4%)	0.1%	$99.10	-3.4%	COM	42226A107
MNKD	MANNKIND CORP	1,037,704 (+15.4%)	$5,884 (+21.8%)	0.1%	$4.54	+21.4%	COM NEW	56400P706
IEMG	ISHARES INC	155,400 (+6.1%)	$10,446 (+8.2%)	0.1%	$53.36	—	CORE MSCI EMKT	46434G103
SXT	SENSIENT TECHNOLOGIES CORP	161,293 (+5.1%)	$15,153 (+5.2%)	0.1%	$96.14	-1.9%	COM	81725T100
SUPN	SUPERNUS PHARMACEUTICALS INC	106,185 (+1.5%)	$5,277 (+5.5%)	0.0%	$35.42	+37.3%	COM	868459108
EWT	ISHARES INC	31,100 (+14.8%)	$1,976 (+14.6%)	0.0%	$57.12	—	MSCI TAIWAN ETF	46434G772
MLTX	MOONLAKE IMMUNOTHERAPEUTICS	25,998 (+3.2%)	$343 (+89.8%)	0.0%	$50.85	-76.8%	CLASS A ORD	61559X104

Exited Positions (25)

EQIX EQUINIX INC 0.4%

Value ($000) $49,584 Shares 63,306 Est. Cost $859.54 Unrealized -9.1%

PGR PROGRESSIVE CORP 0.4%

Value ($000) $47,737 Shares 193,307 Est. Cost $245.29 Unrealized -13.4%

CHKP CHECK POINT SOFTWARE TECH LT 0.2%

Value ($000) $19,987 Shares 96,599 Est. Cost $213.44 Unrealized -9.4%

KRMN KARMAN HLDGS INC 0.2%

Value ($000) $19,585 Shares 271,257 Est. Cost $54.85 Unrealized +32.0%

CPNG COUPANG INC 0.1%

Value ($000) $14,380 Shares 446,570 Est. Cost $25.62 Unrealized +11.0%

QTWO Q2 HLDGS INC 0.1%

Value ($000) $14,308 Shares 197,654 Est. Cost $66.64 Unrealized +3.0%

MTDR MATADOR RES CO 0.1%

Value ($000) $8,366 Shares 186,205 Est. Cost $55.45 Unrealized -24.3%

MWA MUELLER WTR PRODS INC 0.1%

Value ($000) $6,943 Shares 272,043 Est. Cost $24.79 Unrealized -0.4%

ALKT ALKAMI TECHNOLOGY INC 0.1%

Value ($000) $6,483 Shares 260,975 Est. Cost $36.41 Unrealized -39.4%

ITGR INTEGER HLDGS CORP 0.0%

Value ($000) $5,229 Shares 50,602 Est. Cost $126.38 Unrealized -36.9%

SMR NUSCALE PWR CORP 0.0%

Value ($000) $5,062 Shares 140,612 Est. Cost $39.85 Unrealized -28.2%

BMI BADGER METER INC 0.0%

Value ($000) $4,383 Shares 24,545 Est. Cost $183.91 Unrealized -2.2%

CWAN CLEARWATER ANALYTICS HLDGS I 0.0%

Value ($000) $4,080 Shares 226,393 Est. Cost $21.02 Unrealized -4.7%

EAT BRINKER INTL INC 0.0%

Value ($000) $3,663 Shares 28,916 Est. Cost $153.80 Unrealized -14.8%

PLMR PALOMAR HLDGS INC 0.0%

Value ($000) $3,579 Shares 30,657 Est. Cost $134.39 Unrealized -9.2%

EXLS EXLSERVICE HOLDINGS INC 0.0%

Value ($000) $3,573 Shares 81,150 Est. Cost $43.25 Unrealized -5.5%

AMP AMERIPRISE FINL INC 0.0%

Value ($000) $3,160 Shares 6,433 Est. Cost $322.65 Unrealized +46.9%

WHD CACTUS INC 0.0%

Value ($000) $2,894 Shares 73,325 Est. Cost $49.96 Unrealized -16.3%

COIN COINBASE GLOBAL INC 0.0%

Value ($000) $2,494 Shares 7,390 Est. Cost $256.94 Unrealized +16.0%

OPCH OPTION CARE HEALTH INC 0.0%

Value ($000) $2,474 Shares 89,120 Est. Cost $30.99 Unrealized -5.3%

KT KT CORP 0.0%

Value ($000) $2,449 Shares 125,590 Est. Cost $19.50 Unrealized —

VEEV VEEVA SYS INC 0.0%

Value ($000) $2,227 Shares 7,474 Est. Cost $248.00 Unrealized +7.0%

TCOM TRIP COM GROUP LTD 0.0%

Value ($000) $1,804 Shares 23,996 Est. Cost $47.28 Unrealized —

TYL TYLER TECHNOLOGIES INC 0.0%

Value ($000) $167 Shares 319 Est. Cost $217.03 Unrealized +119.5%

VXUS VANGUARD STAR FDS 0.0%

Value ($000) $73 Shares 1,000 Est. Cost $64.74 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EQIX	EQUINIX INC	63,306	$49,584	0.4%	$859.54	-9.1%	—	29444U700
PGR	PROGRESSIVE CORP	193,307	$47,737	0.4%	$245.29	-13.4%	—	743315103
CHKP	CHECK POINT SOFTWARE TECH LT	96,599	$19,987	0.2%	$213.44	-9.4%	—	M22465104
KRMN	KARMAN HLDGS INC	271,257	$19,585	0.2%	$54.85	+32.0%	—	485924104
CPNG	COUPANG INC	446,570	$14,380	0.1%	$25.62	+11.0%	—	22266T109
QTWO	Q2 HLDGS INC	197,654	$14,308	0.1%	$66.64	+3.0%	—	74736L109
MTDR	MATADOR RES CO	186,205	$8,366	0.1%	$55.45	-24.3%	—	576485205
MWA	MUELLER WTR PRODS INC	272,043	$6,943	0.1%	$24.79	-0.4%	—	624758108
ALKT	ALKAMI TECHNOLOGY INC	260,975	$6,483	0.1%	$36.41	-39.4%	—	01644J108
ITGR	INTEGER HLDGS CORP	50,602	$5,229	0.0%	$126.38	-36.9%	—	45826H109
SMR	NUSCALE PWR CORP	140,612	$5,062	0.0%	$39.85	-28.2%	—	67079K100
BMI	BADGER METER INC	24,545	$4,383	0.0%	$183.91	-2.2%	—	056525108
CWAN	CLEARWATER ANALYTICS HLDGS I	226,393	$4,080	0.0%	$21.02	-4.7%	—	185123106
EAT	BRINKER INTL INC	28,916	$3,663	0.0%	$153.80	-14.8%	—	109641100
PLMR	PALOMAR HLDGS INC	30,657	$3,579	0.0%	$134.39	-9.2%	—	69753M105
EXLS	EXLSERVICE HOLDINGS INC	81,150	$3,573	0.0%	$43.25	-5.5%	—	302081104
AMP	AMERIPRISE FINL INC	6,433	$3,160	0.0%	$322.65	+46.9%	—	03076C106
WHD	CACTUS INC	73,325	$2,894	0.0%	$49.96	-16.3%	—	127203107
COIN	COINBASE GLOBAL INC	7,390	$2,494	0.0%	$256.94	+16.0%	—	19260Q107
OPCH	OPTION CARE HEALTH INC	89,120	$2,474	0.0%	$30.99	-5.3%	—	68404L201
KT	KT CORP	125,590	$2,449	0.0%	$19.50	—	—	48268K101
VEEV	VEEVA SYS INC	7,474	$2,227	0.0%	$248.00	+7.0%	—	922475108
TCOM	TRIP COM GROUP LTD	23,996	$1,804	0.0%	$47.28	—	—	89677Q107
TYL	TYLER TECHNOLOGIES INC	319	$167	0.0%	$217.03	+119.5%	—	902252105
VXUS	VANGUARD STAR FDS	1,000	$73	0.0%	$64.74	—	—	921909768

Decreased Positions (63)

ORCL ORACLE CORP 0.3%

Value ($000) $31,604 (-94.9%) Shares 162,149 (-92.6%) Est. Cost $253.29 Unrealized -6.0%

META META PLATFORMS INC 5.6%

Value ($000) $641,419 (-38.0%) Shares 971,714 (-31.0%) Est. Cost $499.27 Unrealized +33.7%

NVDA NVIDIA CORPORATION 9.7%

Value ($000) $1,103,994 (-21.5%) Shares 5,919,538 (-21.5%) Est. Cost $121.74 Unrealized +52.9%

SPOT SPOTIFY TECHNOLOGY S A 1.2%

Value ($000) $136,717 (-61.9%) Shares 235,431 (-54.3%) Est. Cost $533.54 Unrealized +17.2%

GEV GE VERNOVA INC 1.4%

Value ($000) $155,025 (-56.4%) Shares 237,197 (-59.0%) Est. Cost $372.48 Unrealized +63.5%

MSFT MICROSOFT CORP 9.5%

Value ($000) $1,084,458 (-14.9%) Shares 2,242,376 (-8.9%) Est. Cost $341.09 Unrealized +46.8%

SE SEA LTD 0.1%

Value ($000) $7,948 (-95.4%) Shares 62,300 (-93.6%) Est. Cost $127.03 Unrealized —

AMZN AMAZON COM INC 6.2%

Value ($000) $711,621 (-14.8%) Shares 3,083,013 (-18.9%) Est. Cost $156.16 Unrealized +46.5%

MELI MERCADOLIBRE INC 0.6%

Value ($000) $66,793 (-63.4%) Shares 33,160 (-57.5%) Est. Cost $1424.50 Unrealized +47.5%

IBN ICICI BANK LIMITED 0.5%

Value ($000) $54,861 (-64.3%) Shares 1,840,970 (-63.7%) Est. Cost $30.25 Unrealized —

BSX BOSTON SCIENTIFIC CORP 1.4%

Value ($000) $156,523 (-37.7%) Shares 1,641,563 (-36.2%) Est. Cost $88.36 Unrealized +11.0%

COST COSTCO WHSL CORP NEW 0.3%

Value ($000) $30,534 (-71.5%) Shares 35,408 (-69.4%) Est. Cost $565.41 Unrealized +60.2%

UBER UBER TECHNOLOGIES INC 0.3%

Value ($000) $29,540 (-71.1%) Shares 361,519 (-65.3%) Est. Cost $50.47 Unrealized +78.4%

LYV LIVE NATION ENTERTAINMENT IN 0.2%

Value ($000) $17,306 (-76.0%) Shares 121,446 (-72.5%) Est. Cost $91.17 Unrealized +57.6%

APP APPLOVIN CORP 3.4%

Value ($000) $391,654 (-12.2%) Shares 581,244 (-6.3%) Est. Cost $461.14 Unrealized +36.6%

AXON AXON ENTERPRISE INC 0.4%

Value ($000) $48,216 (-51.5%) Shares 84,897 (-38.7%) Est. Cost $585.29 Unrealized +6.0%

CTAS CINTAS CORP 0.9%

Value ($000) $101,471 (-27.5%) Shares 539,537 (-20.9%) Est. Cost $183.77 Unrealized +2.4%

TME TENCENT MUSIC ENTMT GROUP 0.2%

Value ($000) $21,414 (-62.1%) Shares 1,221,574 (-49.5%) Est. Cost $23.34 Unrealized —

MS MORGAN STANLEY 5.6%

Value ($000) $639,118 (+5.7%) Shares 3,600,059 (-5.4%) Est. Cost $126.04 Unrealized +32.1%

BX BLACKSTONE INC 0.6%

Value ($000) $66,019 (-32.3%) Shares 428,304 (-25.0%) Est. Cost $130.01 Unrealized +16.5%

MMYT MAKEMYTRIP LIMITED MAURITIUS 0.1%

Value ($000) $11,766 (-60.1%) Shares 143,284 (-54.5%) Est. Cost $72.68 Unrealized +12.9%

TSM TAIWAN SEMICONDUCTOR MFG LTD 2.6%

Value ($000) $297,634 (+5.7%) Shares 979,413 (-2.9%) Est. Cost $108.08 Unrealized —

VRNS VARONIS SYS INC 0.1%

Value ($000) $7,022 (-65.3%) Shares 214,080 (-39.1%) Est. Cost $50.77 Unrealized -17.3%

STRL STERLING INFRASTRUCTURE INC 0.1%

Value ($000) $9,923 (-55.6%) Shares 32,404 (-50.7%) Est. Cost $196.50 Unrealized +75.3%

AMSC AMERICAN SUPERCONDUCTOR CORP 0.0%

Value ($000) $3,859 (-75.5%) Shares 134,076 (-49.3%) Est. Cost $49.99 Unrealized -13.5%

FSS FEDERAL SIGNAL CORP 0.0%

Value ($000) $3,761 (-75.6%) Shares 34,637 (-73.3%) Est. Cost $60.09 Unrealized +90.4%

MOD MODINE MFG CO 0.1%

Value ($000) $8,505 (-57.0%) Shares 63,704 (-54.2%) Est. Cost $110.33 Unrealized +35.0%

V VISA INC 0.7%

Value ($000) $85,355 (-11.7%) Shares 243,378 (-14.0%) Est. Cost $203.68 Unrealized +67.1%

ISRG INTUITIVE SURGICAL INC 0.4%

Value ($000) $41,019 (-21.1%) Shares 72,426 (-37.7%) Est. Cost $553.02 Unrealized -3.7%

CVLT COMMVAULT SYS INC 0.1%

Value ($000) $8,209 (-56.1%) Shares 65,485 (-33.8%) Est. Cost $172.43 Unrealized -18.4%

AGX ARGAN INC 0.1%

Value ($000) $11,151 (-48.2%) Shares 35,591 (-55.4%) Est. Cost $202.88 Unrealized +56.2%

GRAB GRAB HOLDINGS LIMITED 0.1%

Value ($000) $13,219 (-40.9%) Shares 2,649,033 (-28.7%) Est. Cost $4.58 Unrealized +20.7%

FFIN FIRST FINL BANKSHARES INC 0.1%

Value ($000) $13,034 (-40.1%) Shares 436,345 (-32.5%) Est. Cost $36.71 Unrealized -14.6%

RDNT RADNET INC 0.1%

Value ($000) $7,512 (-51.2%) Shares 105,279 (-47.9%) Est. Cost $65.75 Unrealized +17.4%

IONQ IONQ INC 0.1%

Value ($000) $6,312 (-51.3%) Shares 140,677 (-33.3%) Est. Cost $42.70 Unrealized +31.2%

MRCY MERCURY SYS INC 0.1%

Value ($000) $13,371 (-30.3%) Shares 183,144 (-26.1%) Est. Cost $53.12 Unrealized +40.0%

CRDO CREDO TECHNOLOGY GROUP HOLDI 0.1%

Value ($000) $15,425 (-26.8%) Shares 107,200 (-25.9%) Est. Cost $54.44 Unrealized +182.5%

OLLI OLLIES BARGAIN OUTLET HLDGS 0.1%

Value ($000) $8,345 (-38.7%) Shares 76,132 (-28.1%) Est. Cost $118.98 Unrealized +1.3%

HOOD ROBINHOOD MKTS INC 0.0%

Value ($000) $1,919 (-69.8%) Shares 16,963 (-61.8%) Est. Cost $60.35 Unrealized +115.5%

MC MOELIS & CO 0.2%

Value ($000) $17,948 (-19.5%) Shares 261,097 (-16.5%) Est. Cost $64.61 Unrealized +1.8%

IEFA ISHARES TR 0.7%

Value ($000) $81,185 (-4.4%) Shares 907,500 (-6.7%) Est. Cost $75.28 Unrealized —

NTES NETEASE INC 0.1%

Value ($000) $8,279 (-31.0%) Shares 60,162 (-23.8%) Est. Cost $144.71 Unrealized —

AAPL APPLE INC 1.6%

Value ($000) $185,603 (-1.8%) Shares 682,714 (-8.0%) Est. Cost $180.43 Unrealized +48.7%

CLS CELESTICA INC 0.2%

Value ($000) $19,721 (-13.7%) Shares 66,713 (-28.1%) Est. Cost $59.92 Unrealized +403.0%

PIPR PIPER SANDLER COMPANIES 0.2%

Value ($000) $17,851 (-14.5%) Shares 52,547 (-12.7%) Est. Cost $298.84 Unrealized +13.0%

JOBY JOBY AVIATION INC 0.0%

Value ($000) $2,966 (-49.9%) Shares 224,715 (-38.7%) Est. Cost $11.86 Unrealized +29.5%

BOOT BOOT BARN HLDGS INC 0.1%

Value ($000) $13,831 (-15.1%) Shares 78,376 (-20.3%) Est. Cost $147.75 Unrealized +26.3%

IWO ISHARES TR 0.1%

Value ($000) $15,214 (-12.1%) Shares 47,100 (-12.9%) Est. Cost $297.66 Unrealized —

FN FABRINET 0.2%

Value ($000) $19,923 (+11.0%) Shares 43,760 (-11.1%) Est. Cost $329.28 Unrealized +32.1%

MMSI MERIT MED SYS INC 0.1%

Value ($000) $10,995 (-15.2%) Shares 124,750 (-19.9%) Est. Cost $79.13 Unrealized +7.6%

TSLA TESLA INC 0.2%

Value ($000) $21,619 (-7.6%) Shares 48,073 (-8.6%) Est. Cost $248.65 Unrealized +78.3%

INDI INDIE SEMICONDUCTOR INC 0.0%

Value ($000) $3,197 (-33.8%) Shares 905,695 (-23.6%) Est. Cost $4.12 Unrealized +6.4%

PLD PROLOGIS INC. 0.5%

Value ($000) $62,409 (+2.6%) Shares 488,870 (-8.0%) Est. Cost $113.08 Unrealized +9.5%

INDA ISHARES TR 0.2%

Value ($000) $27,690 (-2.6%) Shares 512,300 (-6.2%) Est. Cost $45.07 Unrealized —

SPXC SPX TECHNOLOGIES INC 0.2%

Value ($000) $20,437 (+3.2%) Shares 102,152 (-3.7%) Est. Cost $166.46 Unrealized —

MNST MONSTER BEVERAGE CORP NEW 0.0%

Value ($000) $295 (-67.7%) Shares 3,844 (-71.7%) Est. Cost $52.12 Unrealized +37.5%

— CUSHMAN WAKEFIELD PLC 0.1%

Value ($000) $15,819 (-3.5%) Shares 977,095 (-5.1%) Est. Cost $15.92 Unrealized —

KSA ISHARES TR 0.0%

Value ($000) $535 (-43.6%) Shares 14,700 (-37.2%) Est. Cost $40.99 Unrealized —

ROL ROLLINS INC 0.0%

Value ($000) $525 (-35.6%) Shares 8,748 (-36.9%) Est. Cost $47.98 Unrealized +22.3%

FWONK LIBERTY MEDIA CORP DEL 0.0%

Value ($000) $273 (-40.5%) Shares 2,775 (-36.9%) Est. Cost $90.80 Unrealized —

FICO FAIR ISAAC CORP 0.0%

Value ($000) $152 (-28.4%) Shares 90 (-36.6%) Est. Cost $1877.74 Unrealized -8.3%

HDB HDFC BANK LTD 0.1%

Value ($000) $7,845 (+0.7%) Shares 214,700 (-5.8%) Est. Cost $48.94 Unrealized —

IVV ISHARES TR 0.0%

Value ($000) $1,781 (-1.5%) Shares 2,600 (-3.7%) Est. Cost $499.75 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	162,149 (-92.6%)	$31,604 (-94.9%)	0.3%	$253.29	-6.0%	COM	68389X105
META	META PLATFORMS INC	971,714 (-31.0%)	$641,419 (-38.0%)	5.6%	$499.27	+33.7%	CL A	30303M102
NVDA	NVIDIA CORPORATION	5,919,538 (-21.5%)	$1,103,994 (-21.5%)	9.7%	$121.74	+52.9%	COM	67066G104
SPOT	SPOTIFY TECHNOLOGY S A	235,431 (-54.3%)	$136,717 (-61.9%)	1.2%	$533.54	+17.2%	SHS	L8681T102
GEV	GE VERNOVA INC	237,197 (-59.0%)	$155,025 (-56.4%)	1.4%	$372.48	+63.5%	COM	36828A101
MSFT	MICROSOFT CORP	2,242,376 (-8.9%)	$1,084,458 (-14.9%)	9.5%	$341.09	+46.8%	COM	594918104
SE	SEA LTD	62,300 (-93.6%)	$7,948 (-95.4%)	0.1%	$127.03	—	SPONSORD ADS	81141R100
AMZN	AMAZON COM INC	3,083,013 (-18.9%)	$711,621 (-14.8%)	6.2%	$156.16	+46.5%	COM	023135106
MELI	MERCADOLIBRE INC	33,160 (-57.5%)	$66,793 (-63.4%)	0.6%	$1424.50	+47.5%	COM	58733R102
IBN	ICICI BANK LIMITED	1,840,970 (-63.7%)	$54,861 (-64.3%)	0.5%	$30.25	—	ADR	45104G104
BSX	BOSTON SCIENTIFIC CORP	1,641,563 (-36.2%)	$156,523 (-37.7%)	1.4%	$88.36	+11.0%	COM	101137107
COST	COSTCO WHSL CORP NEW	35,408 (-69.4%)	$30,534 (-71.5%)	0.3%	$565.41	+60.2%	COM	22160K105
UBER	UBER TECHNOLOGIES INC	361,519 (-65.3%)	$29,540 (-71.1%)	0.3%	$50.47	+78.4%	COM	90353T100
LYV	LIVE NATION ENTERTAINMENT IN	121,446 (-72.5%)	$17,306 (-76.0%)	0.2%	$91.17	+57.6%	COM	538034109
APP	APPLOVIN CORP	581,244 (-6.3%)	$391,654 (-12.2%)	3.4%	$461.14	+36.6%	COM CL A	03831W108
AXON	AXON ENTERPRISE INC	84,897 (-38.7%)	$48,216 (-51.5%)	0.4%	$585.29	+6.0%	COM	05464C101
CTAS	CINTAS CORP	539,537 (-20.9%)	$101,471 (-27.5%)	0.9%	$183.77	+2.4%	COM	172908105
TME	TENCENT MUSIC ENTMT GROUP	1,221,574 (-49.5%)	$21,414 (-62.1%)	0.2%	$23.34	—	SPON ADS	88034P109
MS	MORGAN STANLEY	3,600,059 (-5.4%)	$639,118 (+5.7%)	5.6%	$126.04	+32.1%	COM NEW	617446448
BX	BLACKSTONE INC	428,304 (-25.0%)	$66,019 (-32.3%)	0.6%	$130.01	+16.5%	COM	09260D107
MMYT	MAKEMYTRIP LIMITED MAURITIUS	143,284 (-54.5%)	$11,766 (-60.1%)	0.1%	$72.68	+12.9%	SHS	V5633W109
TSM	TAIWAN SEMICONDUCTOR MFG LTD	979,413 (-2.9%)	$297,634 (+5.7%)	2.6%	$108.08	—	SPONSORED ADR	874039100
VRNS	VARONIS SYS INC	214,080 (-39.1%)	$7,022 (-65.3%)	0.1%	$50.77	-17.3%	COM	922280102
STRL	STERLING INFRASTRUCTURE INC	32,404 (-50.7%)	$9,923 (-55.6%)	0.1%	$196.50	+75.3%	COM	859241101
AMSC	AMERICAN SUPERCONDUCTOR CORP	134,076 (-49.3%)	$3,859 (-75.5%)	0.0%	$49.99	-13.5%	SHS NEW	030111207
FSS	FEDERAL SIGNAL CORP	34,637 (-73.3%)	$3,761 (-75.6%)	0.0%	$60.09	+90.4%	COM	313855108
MOD	MODINE MFG CO	63,704 (-54.2%)	$8,505 (-57.0%)	0.1%	$110.33	+35.0%	COM	607828100
V	VISA INC	243,378 (-14.0%)	$85,355 (-11.7%)	0.7%	$203.68	+67.1%	COM CL A	92826C839
ISRG	INTUITIVE SURGICAL INC	72,426 (-37.7%)	$41,019 (-21.1%)	0.4%	$553.02	-3.7%	COM NEW	46120E602
CVLT	COMMVAULT SYS INC	65,485 (-33.8%)	$8,209 (-56.1%)	0.1%	$172.43	-18.4%	COM	204166102
AGX	ARGAN INC	35,591 (-55.4%)	$11,151 (-48.2%)	0.1%	$202.88	+56.2%	COM	04010E109
GRAB	GRAB HOLDINGS LIMITED	2,649,033 (-28.7%)	$13,219 (-40.9%)	0.1%	$4.58	+20.7%	CLASS A ORD	G4124C109
FFIN	FIRST FINL BANKSHARES INC	436,345 (-32.5%)	$13,034 (-40.1%)	0.1%	$36.71	-14.6%	COM	32020R109
RDNT	RADNET INC	105,279 (-47.9%)	$7,512 (-51.2%)	0.1%	$65.75	+17.4%	COM	750491102
IONQ	IONQ INC	140,677 (-33.3%)	$6,312 (-51.3%)	0.1%	$42.70	+31.2%	COM	46222L108
MRCY	MERCURY SYS INC	183,144 (-26.1%)	$13,371 (-30.3%)	0.1%	$53.12	+40.0%	COM	589378108
CRDO	CREDO TECHNOLOGY GROUP HOLDI	107,200 (-25.9%)	$15,425 (-26.8%)	0.1%	$54.44	+182.5%	ORDINARY SHARES	G25457105
OLLI	OLLIES BARGAIN OUTLET HLDGS	76,132 (-28.1%)	$8,345 (-38.7%)	0.1%	$118.98	+1.3%	COM	681116109
HOOD	ROBINHOOD MKTS INC	16,963 (-61.8%)	$1,919 (-69.8%)	0.0%	$60.35	+115.5%	COM CL A	770700102
MC	MOELIS & CO	261,097 (-16.5%)	$17,948 (-19.5%)	0.2%	$64.61	+1.8%	CL A	60786M105
IEFA	ISHARES TR	907,500 (-6.7%)	$81,185 (-4.4%)	0.7%	$75.28	—	CORE MSCI EAFE	46432F842
NTES	NETEASE INC	60,162 (-23.8%)	$8,279 (-31.0%)	0.1%	$144.71	—	SPONSORED ADS	64110W102
AAPL	APPLE INC	682,714 (-8.0%)	$185,603 (-1.8%)	1.6%	$180.43	+48.7%	COM	037833100
CLS	CELESTICA INC	66,713 (-28.1%)	$19,721 (-13.7%)	0.2%	$59.92	+403.0%	SUB VTG SHS	15101Q207
PIPR	PIPER SANDLER COMPANIES	52,547 (-12.7%)	$17,851 (-14.5%)	0.2%	$298.84	+13.0%	COM	724078100
JOBY	JOBY AVIATION INC	224,715 (-38.7%)	$2,966 (-49.9%)	0.0%	$11.86	+29.5%	COMMON STOCK	G65163100
BOOT	BOOT BARN HLDGS INC	78,376 (-20.3%)	$13,831 (-15.1%)	0.1%	$147.75	+26.3%	COM	099406100
IWO	ISHARES TR	47,100 (-12.9%)	$15,214 (-12.1%)	0.1%	$297.66	—	RUS 2000 GRW ETF	464287648
FN	FABRINET	43,760 (-11.1%)	$19,923 (+11.0%)	0.2%	$329.28	+32.1%	SHS	G3323L100
MMSI	MERIT MED SYS INC	124,750 (-19.9%)	$10,995 (-15.2%)	0.1%	$79.13	+7.6%	COM	589889104
TSLA	TESLA INC	48,073 (-8.6%)	$21,619 (-7.6%)	0.2%	$248.65	+78.3%	COM	88160R101
INDI	INDIE SEMICONDUCTOR INC	905,695 (-23.6%)	$3,197 (-33.8%)	0.0%	$4.12	+6.4%	CLASS A COM	45569U101
PLD	PROLOGIS INC.	488,870 (-8.0%)	$62,409 (+2.6%)	0.5%	$113.08	+9.5%	COM	74340W103
INDA	ISHARES TR	512,300 (-6.2%)	$27,690 (-2.6%)	0.2%	$45.07	—	MSCI INDIA ETF	46429B598
SPXC	SPX TECHNOLOGIES INC	102,152 (-3.7%)	$20,437 (+3.2%)	0.2%	$166.46	—	COM	78473E103
MNST	MONSTER BEVERAGE CORP NEW	3,844 (-71.7%)	$295 (-67.7%)	0.0%	$52.12	+37.5%	COM	61174X109
—	CUSHMAN WAKEFIELD PLC	977,095 (-5.1%)	$15,819 (-3.5%)	0.1%	$15.92	—	SHS	G2717B108
KSA	ISHARES TR	14,700 (-37.2%)	$535 (-43.6%)	0.0%	$40.99	—	MSCI SAUDI ARBIA	46434V423
ROL	ROLLINS INC	8,748 (-36.9%)	$525 (-35.6%)	0.0%	$47.98	+22.3%	COM	775711104
FWONK	LIBERTY MEDIA CORP DEL	2,775 (-36.9%)	$273 (-40.5%)	0.0%	$90.80	—	COM LBTY ONE S C	531229755
FICO	FAIR ISAAC CORP	90 (-36.6%)	$152 (-28.4%)	0.0%	$1877.74	-8.3%	COM	303250104
HDB	HDFC BANK LTD	214,700 (-5.8%)	$7,845 (+0.7%)	0.1%	$48.94	—	SPONSORED ADS	40415F101
IVV	ISHARES TR	2,600 (-3.7%)	$1,781 (-1.5%)	0.0%	$499.75	—	CORE S&P500 ETF	464287200

Unchanged Positions (5)

GE GE AEROSPACE 3.4%

Value ($000) $392,458 Shares 1,274,089 Est. Cost $224.77 Unrealized +33.8%

EMBJ EMBRAER S.A. 0.2%

Value ($000) $18,977 Shares 294,808 Est. Cost $32.09 Unrealized —

RYTM RHYTHM PHARMACEUTICALS INC 0.1%

Value ($000) $8,944 Shares 83,554 Est. Cost $72.87 Unrealized +45.6%

CASY CASEYS GEN STORES INC 0.2%

Value ($000) $24,038 Shares 43,492 Est. Cost $398.82 Unrealized +37.8%

ENSG ENSIGN GROUP INC 0.3%

Value ($000) $28,747 Shares 165,025 Est. Cost $117.38 Unrealized +53.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GE	GE AEROSPACE	1,274,089	$392,458	3.4%	$224.77	+33.8%	COM NEW	369604301
EMBJ	EMBRAER S.A.	294,808	$18,977	0.2%	$32.09	—	SPONSORED ADS	29082A107
RYTM	RHYTHM PHARMACEUTICALS INC	83,554	$8,944	0.1%	$72.87	+45.6%	COM	76243J105
CASY	CASEYS GEN STORES INC	43,492	$24,038	0.2%	$398.82	+37.8%	COM	147528103
ENSG	ENSIGN GROUP INC	165,025	$28,747	0.3%	$117.38	+53.0%	COM	29358P101