# Dan Davidowitz — Polen Capital Management Portfolio USD 11,610,788,000 · 204 positions · 2026 Q2 · history from 2019 Q1. Source: quarterly 13F filings via dataroma.com. Page: https://gigainvestors.com/pcm ## Positions (2026 Q2) | Ticker | Company | % of portfolio | Value | This quarter | Holders | |---|---|---:|---:|---|---:| | LLY | Eli Lilly & Co. | 6.9% | USD 799,914,000 | -27.08% | | | NVDA | NVIDIA Corp. | 6.9% | USD 796,047,000 | -3.07% | | | MSFT | Microsoft Corp. | 6.7% | USD 782,824,000 | -26.26% | | | GOOG | Alphabet Inc. CL C | 6.6% | USD 765,036,000 | -26.52% | | | AVGO | Broadcom Inc. | 6.4% | USD 740,469,000 | -27.33% | | | AMZN | Amazon.com Inc. | 5.8% | USD 669,724,000 | -27.89% | | | V | Visa Inc. | 5.3% | USD 619,489,000 | -26.17% | | | MA | Mastercard Inc. | 5.1% | USD 586,509,000 | -25.91% | | | NOW | ServiceNow Inc. | 4.6% | USD 533,151,000 | -26.13% | | | ORCL | Oracle Corp. | 4.5% | USD 523,808,000 | -28.86% | | | SHOP | Shopify Inc. | 4.5% | USD 522,662,000 | -27.42% | | | MSCI | MSCI Inc. | 3.2% | USD 376,233,000 | -27.73% | | | LRCX | Lam Research | 3.2% | USD 372,246,000 | -18.54% | | | SBUX | Starbucks Corp. | 3.1% | USD 362,854,000 | -29.76% | | | IDXX | IDEXX Laboratories | 2.4% | USD 280,268,000 | -23.49% | | | GE | GE Aerospace | 2.2% | USD 258,058,000 | new | | | CSGP | CoStar Group Inc. | 2.1% | USD 248,064,000 | -30.32% | | | TSM | Taiwan Semiconductor S.A. | 2.1% | USD 239,363,000 | +186.92% | | | ABNB | Airbnb Inc. | 2.0% | USD 236,098,000 | -27.44% | | | GEV | Ge Vernova Inc | 2.0% | USD 230,991,000 | new | | | META | Meta Platforms Inc. | 1.6% | USD 185,645,000 | -30.86% | | | ISRG | Intuitive Surgical Inc. | 1.5% | USD 178,139,000 | -26.18% | | | ATI | Allegheny Technologies Inc. | 1.4% | USD 161,471,000 | new | | | HWM | Howmet Aerospace Inc. | 1.1% | USD 122,902,000 | new | | | EME | Emcor Group | 0.7% | USD 85,580,000 | new | | | IWF | iShares Russell 1000 Growth ETF | 0.7% | USD 76,196,000 | -62.29% | | | ROL | Rollins Inc. | 0.6% | USD 66,404,000 | -26.94% | | | AON | Aon Plc | 0.5% | USD 54,409,000 | -87.89% | | | MELI | Mercadolibre Inc. | 0.4% | USD 44,006,000 | -24.75% | | | UBER | Uber Technologies Inc. | 0.4% | USD 41,136,000 | -80.46% | | | SPOT | Spotify Technology S.A. | 0.3% | USD 37,455,000 | -24.06% | | | ASML | ASML Holding NV | 0.3% | USD 30,692,000 | -4.01% | | | ZTS | Zoetis Inc. | 0.2% | USD 23,025,000 | -92.41% | | | ACN | Accenture | 0.2% | USD 19,014,000 | -88.72% | | | ACWI | iShares MSCI ACWI ETF | 0.2% | USD 18,921,000 | -60.66% | | | SNPS | Synopsys Inc. | 0.2% | USD 18,408,000 | -93.85% | | | DOCN | DigitalOcean Holdings Inc. | 0.1% | USD 15,915,000 | +5.35% | | | WULF | Terawulf Inc | 0.1% | USD 13,910,000 | +429.39% | | | CECO | CECO Environmental Corp. | 0.1% | USD 12,520,000 | -3.67% | | | BE | Bloom Energy Corp. | 0.1% | USD 12,362,000 | -39.26% | | | BELFB | Bel Fuse Inc. CL B | 0.1% | USD 10,939,000 | -24.21% | | | NU | Nu Holdings Ltd | 0.1% | USD 10,057,000 | -38.16% | | | GOOGL | Alphabet Inc. | 0.1% | USD 9,939,000 | -1.37% | | | LASR | nLight Inc. | 0.1% | USD 9,291,000 | +48.62% | | | FROG | JFrog Ltd | 0.1% | USD 8,462,000 | +360.06% | | | POWL | Powell Industries | 0.1% | USD 8,356,000 | -44.37% | | | AGX | Argan Inc. | 0.1% | USD 8,156,000 | -43.2% | | | MOD | Modine Mfg. | 0.1% | USD 7,833,000 | +1.01% | | | YOU | Clear Secure Inc. | 0.1% | USD 7,344,000 | -9.68% | | | BKD | Brookdale Senior Living Inc. | 0.1% | USD 7,258,000 | +7.3% | | | BWXT | BWX Technologies Inc. | 0.1% | USD 7,197,000 | -3.01% | | | CCJ | Cameco Corp. | 0.1% | USD 7,026,000 | +241.26% | | | VSEC | VSE Corp. | 0.1% | USD 6,821,000 | -28.99% | | | SPHR | Sphere Entertainment Co. | 0.1% | USD 6,667,000 | -20.22% | | | SEI | Solaris Energy Infrastructure Inc. | 0.1% | USD 6,463,000 | -4% | | | AMPX | Amprius Technologies Inc | 0.1% | USD 6,453,000 | +10.29% | | | AEHR | Aehr Test Systems | 0.1% | USD 6,355,000 | -16.67% | | | VUG | Vanguard Growth ETF | 0.1% | USD 6,305,000 | -23.89% | | | DLO | DLocal Ltd | 0.1% | USD 5,927,000 | -0.61% | | | REAL | RealReal Inc. | 0.1% | USD 5,854,000 | +123.81% | | | TWST | Twist Bioscience Corp. | 0.1% | USD 5,690,000 | +130.1% | | | VICR | Vicor Corp. | 0.1% | USD 5,668,000 | +7.37% | | | IESC | IES Holdings Inc. | 0.1% | USD 5,345,000 | -39.14% | | | GH | Guardant Health Inc. | <0.1% | USD 5,157,000 | -1.02% | | | LPTH | LightPath Technologies Inc. CL A | <0.1% | USD 5,142,000 | +297.79% | | | PL | Planet Labs PBC | <0.1% | USD 4,943,000 | -30.25% | | | VPG | Vishay Precision Group | <0.1% | USD 4,909,000 | +34.95% | | | NFLX | Netflix Inc. | <0.1% | USD 4,865,000 | -18.19% | | | RXT | Rackspace Technology Inc. | <0.1% | USD 4,631,000 | new | | | FTK | Flotek Industries Inc. | <0.1% | USD 4,598,000 | +607.27% | | | SAP | SAP SE | <0.1% | USD 4,434,000 | -56.85% | | | CRS | Carpenter Technology | <0.1% | USD 4,167,000 | -45.65% | | | SITM | SiTime Corp. | <0.1% | USD 4,142,000 | -21.77% | | | BFLY | Butterfly Network Inc | <0.1% | USD 4,046,000 | +18.27% | | | AXTI | AXT Inc. | <0.1% | USD 3,799,000 | +6.76% | | | TSLA | Tesla Inc. | <0.1% | USD 3,774,000 | +21.8% | | | APLD | Applied Digital Corp | <0.1% | USD 3,668,000 | new | | | VECO | Veeco Instruments | <0.1% | USD 3,662,000 | +301.68% | | | BW | Babcock & Wilcox Enterprises | <0.1% | USD 3,517,000 | -8.13% | | | AZN | AstraZeneca PLC | <0.1% | USD 3,514,000 | -28.51% | | | TME | Tencent Music Entertainment Grp | <0.1% | USD 3,400,000 | -0.75% | | | AIR | AAR Corp. | <0.1% | USD 3,368,000 | +45.37% | | | WTW | Willis Towers Watson plc | <0.1% | USD 3,354,000 | -33.77% | | | TSHA | Taysha Gene Therapies Inc | <0.1% | USD 3,332,000 | +53% | | | LIND | Lindblad Expeditions Hldgs Inc. | <0.1% | USD 3,245,000 | +12.52% | | | ATRO | Astronics Corp. | <0.1% | USD 3,200,000 | -7.15% | | | LFUS | Littelfuse Inc. | <0.1% | USD 3,195,000 | +41.48% | | | ASTE | Astec Industries | <0.1% | USD 3,192,000 | +26.69% | | | LTH | Life Time Group Holdings Inc | <0.1% | USD 3,133,000 | +89.48% | | | EVC | Entravision Communications Corp. CL A | <0.1% | USD 3,090,000 | new | | | TIGO | Millicom Intl Cellular S.a. | <0.1% | USD 3,050,000 | -6.91% | | | SPY | SPDR S&P 500 ETF Trust | <0.1% | USD 3,001,000 | +6.95% | | | JOBY | Joby Aviation Inc. | <0.1% | USD 2,963,000 | +12.69% | | | CPA | Copa Holdings SA | <0.1% | USD 2,948,000 | new | | | CDNL | Cardinal Infrastructure Gr A | <0.1% | USD 2,900,000 | new | | | SRRK | Scholar Rock Holding Corp. | <0.1% | USD 2,867,000 | +0.35% | | | AAOI | Applied Optoelectronics Inc | <0.1% | USD 2,855,000 | +29.23% | | | PRLB | Proto Labs Inc. | <0.1% | USD 2,854,000 | -6.87% | | | OPY | Oppenheimer Holdings Inc. CL A | <0.1% | USD 2,832,000 | -0.45% | | | PLPC | Preformed Line Products | <0.1% | USD 2,823,000 | -6.35% | | | FPS | Forgent Power Solutions Inc | <0.1% | USD 2,811,000 | new | | | DRTS | Alpha Tau Medical Ltd | <0.1% | USD 2,777,000 | new | | | PTGX | Protagonist Therapeutics Inc. | <0.1% | USD 2,777,000 | -6.93% | | | CALY | Callaway Golf Co. | <0.1% | USD 2,744,000 | +107.31% | | | AZZ | AZZ Inc. | <0.1% | USD 2,692,000 | +20.27% | | | PURR | Hyperliquid Strategies | <0.1% | USD 2,678,000 | +448.82% | | | CAKE | Cheesecake Factory | <0.1% | USD 2,648,000 | +34.14% | | | ROAD | Construction Partners Inc. CL A | <0.1% | USD 2,648,000 | -15.34% | | | WT | WisdomTree Investments | <0.1% | USD 2,525,000 | +36.74% | | | FIVN | Five9 Inc. | <0.1% | USD 2,500,000 | new | | | CVNA | Carvana Co. | <0.1% | USD 2,469,000 | +2.08% | | | MIRM | Mirum Pharmaceuticals Inc. | <0.1% | USD 2,447,000 | +1.79% | | | PRAX | Praxis Precision Medicines Inc. | <0.1% | USD 2,428,000 | -27.79% | | | KN | Knowles Corp. | <0.1% | USD 2,426,000 | new | | | VCTR | Victory Capital Holdings | <0.1% | USD 2,372,000 | -29.21% | | | MEC | Mayville Engineering Co. Inc. | <0.1% | USD 2,316,000 | new | | | RKLB | Rocket Lab Corp. | <0.1% | USD 2,313,000 | -3.41% | | | SE | Sea Ltd | <0.1% | USD 2,215,000 | -29.67% | | | ADPT | Adaptive Biotechnologies Corp. | <0.1% | USD 2,198,000 | -11.71% | | | NOVT | Novanta Inc. | <0.1% | USD 2,169,000 | new | | | SMTC | Semtech Corp. | <0.1% | USD 2,161,000 | +103.77% | | | PENG | Penguin Solutions Inc. | <0.1% | USD 2,151,000 | new | | | ACWX | iShares MSCI ACWI EX U.S. ETF | <0.1% | USD 2,112,000 | +8.1% | | | ONON | On Holding AG | <0.1% | USD 2,081,000 | -33.29% | | | AKTS | Aktis Oncology Inc | <0.1% | USD 2,047,000 | new | | | BLLN | Billiontoone Inc Cl A | <0.1% | USD 2,037,000 | new | | | PTCT | PTC Therapeutics Inc. | <0.1% | USD 2,032,000 | new | | | OUT | Outfront Media Inc. | <0.1% | USD 1,977,000 | +17.39% | | | GHM | Graham Corp. | <0.1% | USD 1,962,000 | -11.01% | | | TVTX | Travere Therapeutics Inc. | <0.1% | USD 1,949,000 | new | | | ESTA | Establishment Labs Hldg Inc. | <0.1% | USD 1,934,000 | -7.33% | | | WOLF | Wolfspeed Inc. | <0.1% | USD 1,844,000 | new | | | MAMA | Mama's Creations Inc | <0.1% | USD 1,794,000 | +53.65% | | | ADEA | Adeia Inc | <0.1% | USD 1,731,000 | new | | | ERO | Ero Copper Corp | <0.1% | USD 1,675,000 | -10.76% | | | RHLD | Resolute Holdings Manag | <0.1% | USD 1,657,000 | -16.13% | | | ETON | Eton Pharmaceuticals Inc. | <0.1% | USD 1,643,000 | +50.57% | | | CW | Curtiss-Wright Corp. | <0.1% | USD 1,580,000 | +74.92% | | | RNG | RingCentral Inc. | <0.1% | USD 1,564,000 | new | | | ADBE | Adobe Inc. | <0.1% | USD 1,554,000 | -36.12% | | | FTI | TechnipFMC plc | <0.1% | USD 1,469,000 | -35.37% | | | ZGN | Ermenegildo Zegna Nv | <0.1% | USD 1,449,000 | new | | | CVLG | Covenant Transportation Group Inc. CL A | <0.1% | USD 1,411,000 | new | | | KOD | Kodiak Sciences Inc. | <0.1% | USD 1,382,000 | -14.23% | | | AIRJ | Airjoule Technologies Corp | <0.1% | USD 1,348,000 | new | | | VELO | Velo3d Inc | <0.1% | USD 1,306,000 | +21.14% | | | KAR | KAR Auction Services | <0.1% | USD 1,277,000 | -7.17% | | | BTDR | Bitdeer Technologies Group A | <0.1% | USD 1,262,000 | new | | | GRBK | Green Brick Partners | <0.1% | USD 1,220,000 | +15.61% | | | VT | Vanguard Tot World Stk ETF | <0.1% | USD 1,212,000 | +16.95% | | | SOFI | SoFi Technologies Inc. | <0.1% | USD 1,176,000 | -36.51% | | | FN | Fabrinet | <0.1% | USD 1,173,000 | +8.13% | | | TWLO | Twilio Inc. | <0.1% | USD 1,150,000 | +105.76% | | | SPCX | Space Exploration Technologies Corp. | <0.1% | USD 1,146,000 | new | | | NESR | National Energy Services Reunited Corp. | <0.1% | USD 1,145,000 | new | | | PRSU | Pursuit Attractions and Hospitality | <0.1% | USD 1,119,000 | new | | | IBN | ICICI Bank Ltd. | <0.1% | USD 1,107,000 | -67.71% | | | OSCR | Oscar Health Inc. | <0.1% | USD 1,104,000 | new | | | AXSM | Axsome Therapeutics Inc. | <0.1% | USD 1,094,000 | +111.15% | | | URGN | Urogen Pharma Ltd | <0.1% | USD 1,090,000 | new | | | CATH | Global X S&P 500 Catholic Values ETF | <0.1% | USD 1,050,000 | -37.11% | | | VOO | Vanguard S&P 500 ETF | <0.1% | USD 1,043,000 | new | | | RXO | Rxo Inc | <0.1% | USD 1,032,000 | new | | | WYFI | Whitefiber Inc | <0.1% | USD 1,021,000 | new | | | WSC | WillScot Mobile Mini Hldgs Corp. | <0.1% | USD 988,000 | new | | | ADTN | ADTRAN Holdings Inc. | <0.1% | USD 977,000 | -7.13% | | | EMBJ | Embraer SA | <0.1% | USD 938,000 | +60.88% | | | ASPI | Asp Isotopes Inc | <0.1% | USD 930,000 | +21.62% | | | DNTH | Dianthus Therapeutics Inc | <0.1% | USD 910,000 | +126.58% | | | CYD | China Yuchai Intl Ltd. | <0.1% | USD 908,000 | new | | | AAPL | Apple Inc. | <0.1% | USD 837,000 | -28.63% | | | CCXI | Churchill Capital Corp Cl A | <0.1% | USD 796,000 | new | | | LOCO | El Pollo Loco Holdings Inc. | <0.1% | USD 787,000 | +253.48% | | | MTSI | MACOM Technology Solutions Hldg | <0.1% | USD 779,000 | +92.66% | | | APEI | American Public Education Inc. | <0.1% | USD 750,000 | -1.07% | | | AFRM | Affirm Holdings Inc. | <0.1% | USD 731,000 | +88.07% | | | UAL | United Airlines Holdings Inc. | <0.1% | USD 718,000 | new | | | MITK | Mitek Systems Inc. | <0.1% | USD 715,000 | +34.26% | | | XPO | XPO Logistics | <0.1% | USD 697,000 | new | | | GKOS | Glaukos Corp. | <0.1% | USD 673,000 | new | | | CAMT | Camtek Ltd | <0.1% | USD 671,000 | new | | | SN | Sharkninja Inc | <0.1% | USD 631,000 | +66.44% | | | NXE | Nexgen Energy Ltd | <0.1% | USD 588,000 | -46.74% | | | FORM | FormFactor Inc. | 0.0% | USD 574,000 | new | | | TLN | Talen Energy Corp | 0.0% | USD 566,000 | +115.98% | | | AEIS | Advanced Energy Industries | 0.0% | USD 560,000 | new | | | VIST | Vista Oil & Gas, S.A.B. de C.V. | 0.0% | USD 540,961 | +163.94% | | | ARWR | Arrowhead Pharmaceuticals Inc. | 0.0% | USD 539,000 | new | | | DSGX | Descartes Systems Group | 0.0% | USD 484,000 | new | | | EIKN | Eikon Therapeutics Inc | 0.0% | USD 466,000 | new | | | BEN | Franklin Resources | 0.0% | USD 458,000 | new | | | NTRA | Natera Inc. | 0.0% | USD 442,007 | +28.21% | | | FTAI | FTAI Aviation Ltd. | 0.0% | USD 380,000 | -20.32% | | | ALH | Alliance Laundry Holdings In | 0.0% | USD 330,000 | new | | | MLI | Mueller Industries | 0.0% | USD 317,975 | +86.78% | | | BBIO | BridgeBio Pharma Inc. | 0.0% | USD 298,000 | -91.29% | | | ABT | Abbott Labs | 0.0% | USD 286,000 | -79.07% | | | FREL | Fidelity Msci Rl Est Indx | 0.0% | USD 254,000 | new | | | HZO | MarineMax Inc. | 0.0% | USD 247,000 | new | | | AMD | Advanced Micro Devices | 0.0% | USD 242,000 | new | | | ETSY | Etsy Inc. | 0.0% | USD 224,000 | new | | | AUR | Aurora Innovation Inc. | 0.0% | USD 222,000 | new | | | BLZE | Backblaze Inc A | 0.0% | USD 210,000 | new | | | BSX | Boston Scientific | 0.0% | USD 203,000 | -99.18% | | ## Moves this quarter (204) - LLY Eli Lilly & Co.: -27.08% (USD 799,914,000) - NVDA NVIDIA Corp.: -3.07% (USD 796,047,000) - MSFT Microsoft Corp.: -26.26% (USD 782,824,000) - GOOG Alphabet Inc. CL C: -26.52% (USD 765,036,000) - AVGO Broadcom Inc.: -27.33% (USD 740,469,000) - AMZN Amazon.com Inc.: -27.89% (USD 669,724,000) - V Visa Inc.: -26.17% (USD 619,489,000) - MA Mastercard Inc.: -25.91% (USD 586,509,000) - NOW ServiceNow Inc.: -26.13% (USD 533,151,000) - ORCL Oracle Corp.: -28.86% (USD 523,808,000) - SHOP Shopify Inc.: -27.42% (USD 522,662,000) - MSCI MSCI Inc.: -27.73% (USD 376,233,000) - LRCX Lam Research: -18.54% (USD 372,246,000) - SBUX Starbucks Corp.: -29.76% (USD 362,854,000) - IDXX IDEXX Laboratories: -23.49% (USD 280,268,000) - GE GE Aerospace: new (USD 258,058,000) - CSGP CoStar Group Inc.: -30.32% (USD 248,064,000) - TSM Taiwan Semiconductor S.A.: +186.92% (USD 239,363,000) - ABNB Airbnb Inc.: -27.44% (USD 236,098,000) - GEV Ge Vernova Inc: new (USD 230,991,000) - META Meta Platforms Inc.: -30.86% (USD 185,645,000) - ISRG Intuitive Surgical Inc.: -26.18% (USD 178,139,000) - ATI Allegheny Technologies Inc.: new (USD 161,471,000) - HWM Howmet Aerospace Inc.: new (USD 122,902,000) - EME Emcor Group: new (USD 85,580,000) - IWF iShares Russell 1000 Growth ETF: -62.29% (USD 76,196,000) - ROL Rollins Inc.: -26.94% (USD 66,404,000) - AON Aon Plc: -87.89% (USD 54,409,000) - MELI Mercadolibre Inc.: -24.75% (USD 44,006,000) - UBER Uber Technologies Inc.: -80.46% (USD 41,136,000) - SPOT Spotify Technology S.A.: -24.06% (USD 37,455,000) - ASML ASML Holding NV: -4.01% (USD 30,692,000) - ZTS Zoetis Inc.: -92.41% (USD 23,025,000) - ACN Accenture: -88.72% (USD 19,014,000) - ACWI iShares MSCI ACWI ETF: -60.66% (USD 18,921,000) - SNPS Synopsys Inc.: -93.85% (USD 18,408,000) - DOCN DigitalOcean Holdings Inc.: +5.35% (USD 15,915,000) - WULF Terawulf Inc: +429.39% (USD 13,910,000) - CECO CECO Environmental Corp.: -3.67% (USD 12,520,000) - BE Bloom Energy Corp.: -39.26% (USD 12,362,000) - BELFB Bel Fuse Inc. CL B: -24.21% (USD 10,939,000) - NU Nu Holdings Ltd: -38.16% (USD 10,057,000) - GOOGL Alphabet Inc.: -1.37% (USD 9,939,000) - LASR nLight Inc.: +48.62% (USD 9,291,000) - FROG JFrog Ltd: +360.06% (USD 8,462,000) - POWL Powell Industries: -44.37% (USD 8,356,000) - AGX Argan Inc.: -43.2% (USD 8,156,000) - MOD Modine Mfg.: +1.01% (USD 7,833,000) - YOU Clear Secure Inc.: -9.68% (USD 7,344,000) - BKD Brookdale Senior Living Inc.: +7.3% (USD 7,258,000) - BWXT BWX Technologies Inc.: -3.01% (USD 7,197,000) - CCJ Cameco Corp.: +241.26% (USD 7,026,000) - VSEC VSE Corp.: -28.99% (USD 6,821,000) - SPHR Sphere Entertainment Co.: -20.22% (USD 6,667,000) - SEI Solaris Energy Infrastructure Inc.: -4% (USD 6,463,000) - AMPX Amprius Technologies Inc: +10.29% (USD 6,453,000) - AEHR Aehr Test Systems: -16.67% (USD 6,355,000) - VUG Vanguard Growth ETF: -23.89% (USD 6,305,000) - DLO DLocal Ltd: -0.61% (USD 5,927,000) - REAL RealReal Inc.: +123.81% (USD 5,854,000) - TWST Twist Bioscience Corp.: +130.1% (USD 5,690,000) - VICR Vicor Corp.: +7.37% (USD 5,668,000) - IESC IES Holdings Inc.: -39.14% (USD 5,345,000) - GH Guardant Health Inc.: -1.02% (USD 5,157,000) - LPTH LightPath Technologies Inc. CL A: +297.79% (USD 5,142,000) - PL Planet Labs PBC: -30.25% (USD 4,943,000) - VPG Vishay Precision Group: +34.95% (USD 4,909,000) - NFLX Netflix Inc.: -18.19% (USD 4,865,000) - RXT Rackspace Technology Inc.: new (USD 4,631,000) - FTK Flotek Industries Inc.: +607.27% (USD 4,598,000) - SAP SAP SE: -56.85% (USD 4,434,000) - CRS Carpenter Technology: -45.65% (USD 4,167,000) - SITM SiTime Corp.: -21.77% (USD 4,142,000) - BFLY Butterfly Network Inc: +18.27% (USD 4,046,000) - AXTI AXT Inc.: +6.76% (USD 3,799,000) - TSLA Tesla Inc.: +21.8% (USD 3,774,000) - APLD Applied Digital Corp: new (USD 3,668,000) - VECO Veeco Instruments: +301.68% (USD 3,662,000) - BW Babcock & Wilcox Enterprises: -8.13% (USD 3,517,000) - AZN AstraZeneca PLC: -28.51% (USD 3,514,000) - TME Tencent Music Entertainment Grp: -0.75% (USD 3,400,000) - AIR AAR Corp.: +45.37% (USD 3,368,000) - WTW Willis Towers Watson plc: -33.77% (USD 3,354,000) - TSHA Taysha Gene Therapies Inc: +53% (USD 3,332,000) - LIND Lindblad Expeditions Hldgs Inc.: +12.52% (USD 3,245,000) - ATRO Astronics Corp.: -7.15% (USD 3,200,000) - LFUS Littelfuse Inc.: +41.48% (USD 3,195,000) - ASTE Astec Industries: +26.69% (USD 3,192,000) - LTH Life Time Group Holdings Inc: +89.48% (USD 3,133,000) - EVC Entravision Communications Corp. CL A: new (USD 3,090,000) - TIGO Millicom Intl Cellular S.a.: -6.91% (USD 3,050,000) - SPY SPDR S&P 500 ETF Trust: +6.95% (USD 3,001,000) - JOBY Joby Aviation Inc.: +12.69% (USD 2,963,000) - CPA Copa Holdings SA: new (USD 2,948,000) - CDNL Cardinal Infrastructure Gr A: new (USD 2,900,000) - SRRK Scholar Rock Holding Corp.: +0.35% (USD 2,867,000) - AAOI Applied Optoelectronics Inc: +29.23% (USD 2,855,000) - PRLB Proto Labs Inc.: -6.87% (USD 2,854,000) - OPY Oppenheimer Holdings Inc. CL A: -0.45% (USD 2,832,000) - PLPC Preformed Line Products: -6.35% (USD 2,823,000) - FPS Forgent Power Solutions Inc: new (USD 2,811,000) - DRTS Alpha Tau Medical Ltd: new (USD 2,777,000) - PTGX Protagonist Therapeutics Inc.: -6.93% (USD 2,777,000) - CALY Callaway Golf Co.: +107.31% (USD 2,744,000) - AZZ AZZ Inc.: +20.27% (USD 2,692,000) - PURR Hyperliquid Strategies: +448.82% (USD 2,678,000) - CAKE Cheesecake Factory: +34.14% (USD 2,648,000) - ROAD Construction Partners Inc. CL A: -15.34% (USD 2,648,000) - WT WisdomTree Investments: +36.74% (USD 2,525,000) - FIVN Five9 Inc.: new (USD 2,500,000) - CVNA Carvana Co.: +2.08% (USD 2,469,000) - MIRM Mirum Pharmaceuticals Inc.: +1.79% (USD 2,447,000) - PRAX Praxis Precision Medicines Inc.: -27.79% (USD 2,428,000) - KN Knowles Corp.: new (USD 2,426,000) - VCTR Victory Capital Holdings: -29.21% (USD 2,372,000) - MEC Mayville Engineering Co. Inc.: new (USD 2,316,000) - RKLB Rocket Lab Corp.: -3.41% (USD 2,313,000) - SE Sea Ltd: -29.67% (USD 2,215,000) - ADPT Adaptive Biotechnologies Corp.: -11.71% (USD 2,198,000) - NOVT Novanta Inc.: new (USD 2,169,000) - SMTC Semtech Corp.: +103.77% (USD 2,161,000) - PENG Penguin Solutions Inc.: new (USD 2,151,000) - ACWX iShares MSCI ACWI EX U.S. ETF: +8.1% (USD 2,112,000) - ONON On Holding AG: -33.29% (USD 2,081,000) - AKTS Aktis Oncology Inc: new (USD 2,047,000) - BLLN Billiontoone Inc Cl A: new (USD 2,037,000) - PTCT PTC Therapeutics Inc.: new (USD 2,032,000) - OUT Outfront Media Inc.: +17.39% (USD 1,977,000) - GHM Graham Corp.: -11.01% (USD 1,962,000) - TVTX Travere Therapeutics Inc.: new (USD 1,949,000) - ESTA Establishment Labs Hldg Inc.: -7.33% (USD 1,934,000) - WOLF Wolfspeed Inc.: new (USD 1,844,000) - MAMA Mama's Creations Inc: +53.65% (USD 1,794,000) - ADEA Adeia Inc: new (USD 1,731,000) - ERO Ero Copper Corp: -10.76% (USD 1,675,000) - RHLD Resolute Holdings Manag: -16.13% (USD 1,657,000) - ETON Eton Pharmaceuticals Inc.: +50.57% (USD 1,643,000) - CW Curtiss-Wright Corp.: +74.92% (USD 1,580,000) - RNG RingCentral Inc.: new (USD 1,564,000) - ADBE Adobe Inc.: -36.12% (USD 1,554,000) - FTI TechnipFMC plc: -35.37% (USD 1,469,000) - ZGN Ermenegildo Zegna Nv: new (USD 1,449,000) - CVLG Covenant Transportation Group Inc. CL A: new (USD 1,411,000) - KOD Kodiak Sciences Inc.: -14.23% (USD 1,382,000) - AIRJ Airjoule Technologies Corp: new (USD 1,348,000) - VELO Velo3d Inc: +21.14% (USD 1,306,000) - KAR KAR Auction Services: -7.17% (USD 1,277,000) - BTDR Bitdeer Technologies Group A: new (USD 1,262,000) - GRBK Green Brick Partners: +15.61% (USD 1,220,000) - VT Vanguard Tot World Stk ETF: +16.95% (USD 1,212,000) - SOFI SoFi Technologies Inc.: -36.51% (USD 1,176,000) - FN Fabrinet: +8.13% (USD 1,173,000) - TWLO Twilio Inc.: +105.76% (USD 1,150,000) - SPCX Space Exploration Technologies Corp.: new (USD 1,146,000) - NESR National Energy Services Reunited Corp.: new (USD 1,145,000) - PRSU Pursuit Attractions and Hospitality: new (USD 1,119,000) - IBN ICICI Bank Ltd.: -67.71% (USD 1,107,000) - OSCR Oscar Health Inc.: new (USD 1,104,000) - AXSM Axsome Therapeutics Inc.: +111.15% (USD 1,094,000) - URGN Urogen Pharma Ltd: new (USD 1,090,000) - CATH Global X S&P 500 Catholic Values ETF: -37.11% (USD 1,050,000) - VOO Vanguard S&P 500 ETF: new (USD 1,043,000) - RXO Rxo Inc: new (USD 1,032,000) - WYFI Whitefiber Inc: new (USD 1,021,000) - WSC WillScot Mobile Mini Hldgs Corp.: new (USD 988,000) - ADTN ADTRAN Holdings Inc.: -7.13% (USD 977,000) - EMBJ Embraer SA: +60.88% (USD 938,000) - ASPI Asp Isotopes Inc: +21.62% (USD 930,000) - DNTH Dianthus Therapeutics Inc: +126.58% (USD 910,000) - CYD China Yuchai Intl Ltd.: new (USD 908,000) - AAPL Apple Inc.: -28.63% (USD 837,000) - CCXI Churchill Capital Corp Cl A: new (USD 796,000) - LOCO El Pollo Loco Holdings Inc.: +253.48% (USD 787,000) - MTSI MACOM Technology Solutions Hldg: +92.66% (USD 779,000) - APEI American Public Education Inc.: -1.07% (USD 750,000) - AFRM Affirm Holdings Inc.: +88.07% (USD 731,000) - UAL United Airlines Holdings Inc.: new (USD 718,000) - MITK Mitek Systems Inc.: +34.26% (USD 715,000) - XPO XPO Logistics: new (USD 697,000) - GKOS Glaukos Corp.: new (USD 673,000) - CAMT Camtek Ltd: new (USD 671,000) - SN Sharkninja Inc: +66.44% (USD 631,000) - NXE Nexgen Energy Ltd: -46.74% (USD 588,000) - FORM FormFactor Inc.: new (USD 574,000) - TLN Talen Energy Corp: +115.98% (USD 566,000) - AEIS Advanced Energy Industries: new (USD 560,000) - VIST Vista Oil & Gas, S.A.B. de C.V.: +163.94% (USD 540,961) - ARWR Arrowhead Pharmaceuticals Inc.: new (USD 539,000) - DSGX Descartes Systems Group: new (USD 484,000) - EIKN Eikon Therapeutics Inc: new (USD 466,000) - BEN Franklin Resources: new (USD 458,000) - NTRA Natera Inc.: +28.21% (USD 442,007) - FTAI FTAI Aviation Ltd.: -20.32% (USD 380,000) - ALH Alliance Laundry Holdings In: new (USD 330,000) - MLI Mueller Industries: +86.78% (USD 317,975) - BBIO BridgeBio Pharma Inc.: -91.29% (USD 298,000) - ABT Abbott Labs: -79.07% (USD 286,000) - FREL Fidelity Msci Rl Est Indx: new (USD 254,000) - HZO MarineMax Inc.: new (USD 247,000) - AMD Advanced Micro Devices: new (USD 242,000) - ETSY Etsy Inc.: new (USD 224,000) - AUR Aurora Innovation Inc.: new (USD 222,000) - BLZE Backblaze Inc A: new (USD 210,000) - BSX Boston Scientific: -99.18% (USD 203,000) ## Portfolio value by quarter - 2019 Q1: USD 19,141,445,321 (14 positions) - 2019 Q2: USD 20,620,315,151 (14 positions) - 2019 Q3: USD 21,709,349,340 (16 positions) - 2019 Q4: USD 25,391,498,725 (18 positions) - 2020 Q1: USD 23,051,140,389 (19 positions) - 2020 Q2: USD 33,093,802,944 (18 positions) - 2020 Q3: USD 37,392,509,642 (19 positions) - 2020 Q4: USD 43,048,221,692 (22 positions) - 2021 Q1: USD 44,491,129,630 (21 positions) - 2021 Q2: USD 52,226,764,695 (26 positions) - 2021 Q3: USD 54,504,614,577 (29 positions) - 2021 Q4: USD 59,546,576,497 (29 positions) - 2022 Q1: USD 51,225,212,206 (29 positions) - 2022 Q2: USD 37,870,145,880 (27 positions) - 2022 Q3: USD 35,706,895,166 (27 positions) - 2022 Q4: USD 34,223,171,232 (28 positions) - 2023 Q1: USD 37,926,392,100 (27 positions) - 2023 Q2: USD 40,312,118,588 (27 positions) - 2023 Q3: USD 38,003,521,451 (30 positions) - 2023 Q4: USD 41,461,921,745 (32 positions) - 2024 Q1: USD 43,295,903,955 (30 positions) - 2024 Q2: USD 39,867,252,704 (32 positions) - 2024 Q3: USD 38,741,959,750 (36 positions) - 2024 Q4: USD 37,010,071,836 (42 positions) - 2025 Q1: USD 31,842,386,263 (40 positions) - 2025 Q2: USD 32,597,548,582 (92 positions) - 2025 Q3: USD 30,824,140,248 (100 positions) - 2025 Q4: USD 23,423,456,391 (114 positions) - 2026 Q1: USD 14,452,147,437 (148 positions) - 2026 Q2: USD 11,610,788,000 (204 positions)