| Number of shares | Value (US $) | ||
| Common Stocks — 99.24%♦ | |||
| Communication Services — 14.41% | |||
| Alphabet Class A | 395,883 | $ 74,940,652 | |
| Alphabet Class C | 381,970 | 72,742,367 | |
| Meta Platforms Class A | 143,366 | 83,942,227 | |
| Netflix † | 72,708 | 64,806,095 | |
| Spotify Technology † | 11,127 | 4,977,997 | |
| Trade Desk Class A † | 45,495 | 5,347,027 | |
| 306,756,365 | |||
| Consumer Discretionary — 15.05% | |||
| Amazon.com † | 652,988 | 143,259,037 | |
| Booking Holdings | 2,547 | 12,654,566 | |
| Chipotle Mexican Grill † | 448,016 | 27,015,365 | |
| Deckers Outdoor † | 58,553 | 11,891,529 | |
| DoorDash Class A † | 54,706 | 9,176,931 | |
| Grand Canyon Education † | 25,375 | 4,156,425 | |
| H&R Block | 31,191 | 1,648,132 | |
| Lululemon Athletica † | 49,258 | 18,836,752 | |
| Magic Leap Class A =, † | 2,058 | 2,919 | |
| Norwegian Cruise Line Holdings † | 215,937 | 5,556,059 | |
| Pool | 4,657 | 1,587,758 | |
| Tesla † | 180,933 | 73,067,983 | |
| Texas Roadhouse | 3,556 | 641,609 | |
| Wingstop | 38,091 | 10,825,462 | |
| 320,320,527 | |||
| Consumer Staples — 1.80% | |||
| Constellation Brands Class A | 24,698 | 5,458,258 | |
| Costco Wholesale | 35,840 | 32,839,117 | |
| 38,297,375 | |||
| Energy — 0.74% | |||
| Cheniere Energy | 1,251 | 268,803 | |
| EOG Resources | 51,717 | 6,339,470 | |
| Schlumberger | 112,736 | 4,322,298 | |
| Targa Resources | 26,908 | 4,803,078 | |
| 15,733,649 | |||
| Financials — 8.70% | |||
| Allstate | 28,771 | 5,546,761 | |
| American Express | 13,386 | 3,972,831 | |
| Blackstone | 23,907 | 4,122,045 | |
| Block † | 86,760 | 7,373,732 | |
| Charles Schwab | 161,629 | 11,962,162 | |
| Equitable Holdings | 115,968 | 5,470,210 | |
| Fiserv † | 5,678 | 1,166,375 | |
| Kinsale Capital Group | 3,867 | 1,798,658 | |
| Mastercard Class A | 113,555 | 59,794,656 | |
| Moody's | 25,475 | 12,059,101 | |
| MSCI | 38,701 | 23,220,987 | |
| Primerica | 8,790 | 2,385,782 | |
| Progressive | 16,925 | 4,055,399 | |
| Number of shares | Value (US $) | ||
| Common Stocks♦ (continued) | |||
| Financials (continued) | |||
| Ryan Specialty Holdings | 55,518 | $ 3,562,035 | |
| Tradeweb Markets Class A | 83,441 | 10,924,096 | |
| UWM Holdings | 36,508 | 214,302 | |
| Visa Class A | 87,519 | 27,659,505 | |
| 185,288,637 | |||
| Healthcare — 6.26% | |||
| AbbVie | 16,459 | 2,924,764 | |
| Alnylam Pharmaceuticals † | 24,401 | 5,741,799 | |
| Dexcom † | 37,548 | 2,920,108 | |
| Doximity Class A † | 118,883 | 6,347,163 | |
| Edwards Lifesciences † | 28,516 | 2,111,039 | |
| Eli Lilly & Co. | 47,185 | 36,426,820 | |
| Exelixis † | 177,592 | 5,913,814 | |
| Genmab † | 9,080 | 1,896,291 | |
| IDEXX Laboratories † | 10,154 | 4,198,070 | |
| Inspire Medical Systems † | 14,317 | 2,654,085 | |
| Insulet † | 12,626 | 3,296,270 | |
| Intuitive Surgical † | 37,181 | 19,406,995 | |
| Molina Healthcare † | 903 | 262,818 | |
| Neurocrine Biosciences † | 35,733 | 4,877,555 | |
| Regeneron Pharmaceuticals † | 13,716 | 9,770,318 | |
| ResMed | 46,385 | 10,607,786 | |
| UnitedHealth Group | 21,475 | 10,863,344 | |
| Waters † | 8,010 | 2,971,550 | |
| 133,190,589 | |||
| Industrials — 3.93% | |||
| Acuity Brands | 19,975 | 5,835,297 | |
| Advanced Drainage Systems | 36,576 | 4,228,186 | |
| Armstrong World Industries | 51,163 | 7,230,867 | |
| Booz Allen Hamilton Holding | 14,189 | 1,826,124 | |
| Broadridge Financial Solutions | 9,090 | 2,055,158 | |
| Cintas | 30,365 | 5,547,685 | |
| Comfort Systems USA | 3,158 | 1,339,181 | |
| Copart † | 61,044 | 3,503,315 | |
| Donaldson | 30,358 | 2,044,611 | |
| EMCOR Group | 11,234 | 5,099,113 | |
| Fortive | 66,473 | 4,985,475 | |
| Howmet Aerospace | 64,256 | 7,027,679 | |
| Johnson Controls International | 27,693 | 2,185,808 | |
| Lyft Class A † | 287,703 | 3,711,369 | |
| Nordson | 9,015 | 1,886,299 | |
| Trane Technologies | 29,873 | 11,033,592 | |
| Uber Technologies † | 99,530 | 6,003,650 | |
| Vertiv Holdings Class A | 24,306 | 2,761,405 | |
| Westinghouse Air Brake Technologies | 25,611 | 4,855,589 | |
| Yaskawa Electric | 23,300 | 594,621 | |
| 83,755,024 | |||
| Number of shares | Value (US $) | ||
| Common Stocks♦ (continued) | |||
| Information Technology — 47.46% | |||
| Adobe † | 2,817 | $ 1,252,664 | |
| Amphenol Class A | 46,659 | 3,240,468 | |
| Analog Devices | 47,722 | 10,139,016 | |
| Appfolio Class A † | 16,142 | 3,982,554 | |
| Apple | 1,035,595 | 259,333,700 | |
| Applied Materials | 95,566 | 15,541,899 | |
| AppLovin Class A † | 2,940 | 952,060 | |
| Arista Networks † | 125,832 | 13,908,211 | |
| ASML Holding | 12,140 | 8,534,801 | |
| Atlassian Class A † | 34,945 | 8,504,914 | |
| Broadcom | 211,854 | 49,116,231 | |
| Cadence Design Systems † | 21,492 | 6,457,486 | |
| Cognex | 26,225 | 940,429 | |
| Datadog Class A † | 63,602 | 9,088,090 | |
| DocuSign † | 111,465 | 10,025,162 | |
| Dynatrace † | 158,783 | 8,629,856 | |
| Fair Isaac † | 8,511 | 16,944,805 | |
| Fortinet † | 223,021 | 21,071,024 | |
| Gartner † | 8,694 | 4,211,982 | |
| Gitlab Class A † | 153,327 | 8,639,976 | |
| HubSpot † | 512 | 356,746 | |
| Keyence | 13,300 | 5,406,073 | |
| KLA | 2,111 | 1,330,183 | |
| Lattice Semiconductor † | 51,534 | 2,919,401 | |
| Manhattan Associates † | 8,222 | 2,221,913 | |
| Microsoft | 419,241 | 176,710,082 | |
| MongoDB † | 3,886 | 904,700 | |
| Monolithic Power Systems | 1,038 | 614,185 | |
| Motorola Solutions | 13,930 | 6,438,864 | |
| NetApp | 34,836 | 4,043,763 | |
| Nutanix Class A † | 35,076 | 2,145,950 | |
| NVIDIA | 1,791,307 | 240,554,617 | |
| Okta † | 64,191 | 5,058,251 | |
| Oracle | 73,609 | 12,266,204 | |
| Palantir Technologies Class A † | 61,310 | 4,636,875 | |
| Salesforce | 98,953 | 33,082,957 | |
| ServiceNow † | 9,042 | 9,585,605 | |
| Smartsheet Class A † | 119,037 | 6,669,643 | |
| Synopsys † | 14,485 | 7,030,440 | |
| Toast Class A † | 15,374 | 560,382 | |
| Twilio Class A † | 29,066 | 3,141,453 | |
| Tyler Technologies † | 7,357 | 4,242,340 | |
| Ubiquiti | 2,986 | 991,143 | |
| Workday Class A † | 32,334 | 8,343,142 | |
| Zscaler † | 57,976 | 10,459,450 | |
| 1,010,229,690 | |||
| Materials — 0.53% | |||
| Ecolab | 32,480 | 7,610,714 | |
| Number of shares | Value (US $) | ||
| Common Stocks♦ (continued) | |||
| Materials (continued) | |||
| Southern Copper | 39,615 | $ 3,610,115 | |
| 11,220,829 | |||
| Real Estate — 0.14% | |||
| Simon Property Group | 17,664 | 3,041,917 | |
| 3,041,917 | |||
| Utilities — 0.22% | |||
| NRG Energy | 14,917 | 1,345,812 | |
| Vistra | 24,101 | 3,322,805 | |
| 4,668,617 | |||
| Total Common Stocks (cost $1,193,865,194) | 2,112,503,219 | ||
| Exchange-Traded Fund — 0.15% | |||
| iShares Russell 1000 Growth ETF | 7,698 | 3,091,363 | |
| Total Exchange-Traded Fund (cost $3,200,674) | 3,091,363 | ||
| Rights — 0.00% | |||
| Healthcare — 0.00% | |||
| ABIOMED =, † | 15,699 | 16,013 | |
| Total Rights (cost $0) | 16,013 | ||
| Short-Term Investments — 0.61% | |||
| Money Market Mutual Funds — 0.61% | |||
| BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.37%) | 3,249,708 | 3,249,708 | |
| Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.38%) | 3,249,708 | 3,249,708 | |
| Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.46%) | 3,249,707 | 3,249,707 | |
| Number of shares | Value (US $) | ||
| Short-Term Investments (continued) | |||
| Money Market Mutual Funds (continued) | |||
| Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.43%) | 3,249,707 | $ 3,249,707 | |
| Total Short-Term Investments (cost $12,998,830) | 12,998,830 | ||
| Total Value of Securities—100.00% (cost $1,210,064,698) | 2,128,609,425 | ||
| Receivables and Other Assets Net of Liabilities—0.00% | 59,812 | ||
| Net Assets Applicable to 87,522,162 Shares Outstanding—100.00% | $2,128,669,237 | ||
| ♦ | Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance purposes. |
| † | Non-income producing security. |
| = | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
| Forward Foreign Currency Exchange Contracts | ||||||||||
| Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | ||||||
| BAML | JPY | (338,969,295) | USD | 2,232,227 | 3/28/25 | $55,849 | ||||
| Summary of abbreviations: |
| BAML – Bank of America Merrill Lynch |
| ETF – Exchange-Traded Fund |
| MSCI – Morgan Stanley Capital International |
| Summary of currencies: |
| JPY – Japanese Yen |
| USD – US Dollar |
