Common Stocks - 98.5% |
| | Shares | Value ($) |
BELGIUM - 0.0% | | | |
Health Care - 0.0% | | | |
Pharmaceuticals - 0.0% | | | |
UCB SA | | 187,600 | 36,078,144 |
BRAZIL - 0.0% | | | |
Materials - 0.0% | | | |
Metals & Mining - 0.0% | | | |
Vale SA ADR | | 1,596,300 | 17,080,409 |
CANADA - 0.5% | | | |
Consumer Discretionary - 0.1% | | | |
Broadline Retail - 0.0% | | | |
Dollarama Inc | | 181,591 | 18,896,628 |
Specialty Retail - 0.1% | | | |
Aritzia Inc Subordinate Voting Shares (b) | | 2,039,538 | 65,667,748 |
TOTAL CONSUMER DISCRETIONARY | | | 84,564,376 |
| | | |
Energy - 0.1% | | | |
Oil, Gas & Consumable Fuels - 0.1% | | | |
Cameco Corp | | 773,560 | 40,423,906 |
Secure Energy Services Inc | | 1,767,155 | 19,685,118 |
| | | 60,109,024 |
Information Technology - 0.3% | | | |
Electronic Equipment, Instruments & Components - 0.1% | | | |
Celestica Inc Subordinate Voting Shares (United States) (b) | | 796,600 | 54,487,440 |
IT Services - 0.2% | | | |
Shopify Inc Class A (b) | | 1,397,147 | 109,295,257 |
TOTAL INFORMATION TECHNOLOGY | | | 163,782,697 |
| | | |
TOTAL CANADA | | | 308,456,097 |
CHINA - 1.8% | | | |
Consumer Discretionary - 0.5% | | | |
Automobiles - 0.0% | | | |
BYD Co Ltd H Shares | | 583,000 | 21,057,155 |
Broadline Retail - 0.4% | | | |
Alibaba Group Holding Ltd ADR | | 256,500 | 25,131,870 |
JD.com Inc ADR | | 1,192,300 | 48,431,226 |
PDD Holdings Inc Class A ADR (b) | | 1,325,693 | 159,865,319 |
| | | 233,428,415 |
Diversified Consumer Services - 0.1% | | | |
New Oriental Education & Technology Group Inc ADR | | 497,600 | 31,149,760 |
TAL Education Group Class A ADR (b) | | 3,197,900 | 35,560,648 |
| | | 66,710,408 |
TOTAL CONSUMER DISCRETIONARY | | | 321,195,978 |
| | | |
Financials - 0.0% | | | |
Financial Services - 0.0% | | | |
Ant International Co Ltd Class C (c)(d) | | 3,214,400 | 5,850,208 |
Industrials - 0.0% | | | |
Trading Companies & Distributors - 0.0% | | | |
Zkh Group Limited Class A (b) | | 15 | 1 |
Information Technology - 1.3% | | | |
Semiconductors & Semiconductor Equipment - 1.3% | | | |
NXP Semiconductors NV | | 3,797,755 | 890,573,548 |
TOTAL CHINA | | | 1,217,619,735 |
DENMARK - 0.4% | | | |
Health Care - 0.4% | | | |
Biotechnology - 0.1% | | | |
Ascendis Pharma A/S ADR (b) | | 416,108 | 51,106,384 |
Pharmaceuticals - 0.3% | | | |
Novo Nordisk A/S Class B ADR | | 1,767,104 | 197,827,293 |
TOTAL DENMARK | | | 248,933,677 |
FINLAND - 0.1% | | | |
Consumer Discretionary - 0.1% | | | |
Textiles, Apparel & Luxury Goods - 0.1% | | | |
Amer Sports Inc (e) | | 4,118,024 | 73,506,728 |
FRANCE - 0.1% | | | |
Consumer Discretionary - 0.1% | | | |
Textiles, Apparel & Luxury Goods - 0.1% | | | |
Hermes International SCA | | 21,285 | 48,018,822 |
LVMH Moet Hennessy Louis Vuitton SE | | 79,240 | 52,751,696 |
| | | |
TOTAL FRANCE | | | 100,770,518 |
GERMANY - 0.2% | | | |
Consumer Discretionary - 0.1% | | | |
Textiles, Apparel & Luxury Goods - 0.1% | | | |
adidas AG | | 187,000 | 44,784,870 |
Information Technology - 0.1% | | | |
Software - 0.1% | | | |
SAP SE ADR | | 277,300 | 64,788,372 |
TOTAL GERMANY | | | 109,573,242 |
INDIA - 0.9% | | | |
Communication Services - 0.1% | | | |
Diversified Telecommunication Services - 0.0% | | | |
Indus Towers Ltd (b) | | 7,877,591 | 31,784,706 |
Wireless Telecommunication Services - 0.1% | | | |
Bharti Airtel Ltd | | 336,400 | 6,438,688 |
Vodafone Idea Ltd (b) | | 469,252,105 | 45,119,247 |
| | | 51,557,935 |
Consumer Discretionary - 0.2% | | | |
Automobiles - 0.0% | | | |
Hyundai Motor India Ltd (f) | | 287,000 | 6,164,508 |
Hyundai Motor India Ltd (f) | | 287,000 | 6,164,508 |
Hyundai Motor India Ltd | | 229,294 | 4,925,033 |
Mahindra & Mahindra Ltd | | 416,700 | 13,455,905 |
| | | 30,709,954 |
Broadline Retail - 0.0% | | | |
Lenskart Solutions Pvt Ltd (b)(c)(d) | | 10,719,190 | 31,008,318 |
Hotels, Restaurants & Leisure - 0.2% | | | |
MakeMyTrip Ltd (b) | | 143,700 | 14,584,113 |
Zomato Ltd (b) | | 11,251,868 | 32,280,824 |
| | | 46,864,937 |
TOTAL CONSUMER DISCRETIONARY | | | 108,583,209 |
| | | |
Consumer Staples - 0.0% | | | |
Food Products - 0.0% | | | |
Patanjali Foods Ltd | | 1,555,012 | 33,124,802 |
Energy - 0.4% | | | |
Oil, Gas & Consumable Fuels - 0.4% | | | |
Reliance Industries Ltd | | 6,517,493 | 103,051,683 |
Reliance Industries Ltd (b) | | 6,517,493 | 102,314,727 |
Reliance Industries Ltd GDR (g) | | 218,103 | 13,653,248 |
| | | 219,019,658 |
Financials - 0.1% | | | |
Banks - 0.1% | | | |
HDFC Bank Ltd | | 1,172,172 | 24,093,015 |
ICICI Bank Ltd ADR | | 340,800 | 10,363,728 |
| | | 34,456,743 |
Financial Services - 0.0% | | | |
Aditya Birla Capital Ltd (b) | | 3,606,100 | 8,694,875 |
Jio Financial Services Ltd (b) | | 6,689,593 | 25,585,809 |
| | | 34,280,684 |
TOTAL FINANCIALS | | | 68,737,427 |
| | | |
Industrials - 0.0% | | | |
Aerospace & Defense - 0.0% | | | |
Hindustan Aeronautics Ltd (h) | | 115,500 | 5,812,026 |
Construction & Engineering - 0.0% | | | |
Larsen & Toubro Ltd | | 479,700 | 20,605,787 |
Transportation Infrastructure - 0.0% | | | |
JSW Infrastructure Ltd | | 1,932,200 | 7,199,577 |
TOTAL INDUSTRIALS | | | 33,617,390 |
| | | |
Information Technology - 0.0% | | | |
Software - 0.0% | | | |
Pine Labs Pvt Ltd (b)(c)(d) | | 9,912 | 3,689,544 |
Materials - 0.1% | | | |
Construction Materials - 0.0% | | | |
Grasim Industries Ltd | | 575,900 | 18,443,079 |
Metals & Mining - 0.1% | | | |
Hindalco Industries Ltd | | 824,500 | 6,690,150 |
Welspun Corp Ltd | | 3,147,500 | 27,096,524 |
| | | 33,786,674 |
TOTAL MATERIALS | | | 52,229,753 |
| | | |
TOTAL INDIA | | | 602,344,424 |
IRELAND - 0.0% | | | |
Financials - 0.0% | | | |
Financial Services - 0.0% | | | |
Circle Internet Financial LLC (d) | | 1,244,183 | 32,361,200 |
ISRAEL - 0.2% | | | |
Consumer Staples - 0.0% | | | |
Personal Care Products - 0.0% | | | |
Oddity Tech Ltd (g) | | 360,543 | 13,841,246 |
Oddity Tech Ltd Class A (b) | | 335,280 | 12,871,399 |
| | | 26,712,645 |
Financials - 0.0% | | | |
Financial Services - 0.0% | | | |
Rapyd Financial Network 2016 Ltd (b)(c)(d) | | 204,327 | 9,268,273 |
Health Care - 0.2% | | | |
Pharmaceuticals - 0.2% | | | |
Teva Pharmaceutical Industries Ltd ADR (b) | | 4,426,780 | 81,629,823 |
Information Technology - 0.0% | | | |
Semiconductors & Semiconductor Equipment - 0.0% | | | |
Xsight Labs Ltd warrants 1/11/2034 (b)(c)(d) | | 130,829 | 375,479 |
TOTAL ISRAEL | | | 117,986,220 |
JAPAN - 0.1% | | | |
Consumer Discretionary - 0.0% | | | |
Textiles, Apparel & Luxury Goods - 0.0% | | | |
Asics Corp | | 349,600 | 6,106,427 |
Industrials - 0.0% | | | |
Machinery - 0.0% | | | |
Mitsubishi Heavy Industries Ltd | | 676,983 | 9,556,936 |
Information Technology - 0.1% | | | |
Semiconductors & Semiconductor Equipment - 0.1% | | | |
Allegro MicroSystems Inc (b) | | 979,760 | 20,418,199 |
TOTAL JAPAN | | | 36,081,562 |
LUXEMBOURG - 0.0% | | | |
Consumer Discretionary - 0.0% | | | |
Textiles, Apparel & Luxury Goods - 0.0% | | | |
Birkenstock Holding Plc (b) | | 161,600 | 7,433,600 |
Financials - 0.0% | | | |
Capital Markets - 0.0% | | | |
CVC Capital Partners PLC (b)(g)(h) | | 1,338,042 | 28,075,731 |
TOTAL LUXEMBOURG | | | 35,509,331 |
NETHERLANDS - 0.2% | | | |
Information Technology - 0.2% | | | |
Semiconductors & Semiconductor Equipment - 0.2% | | | |
ASML Holding NV depository receipt | | 173,331 | 116,573,764 |
SWITZERLAND - 0.2% | | | |
Consumer Discretionary - 0.2% | | | |
Textiles, Apparel & Luxury Goods - 0.2% | | | |
Cie Financiere Richemont SA Series A | | 119,926 | 17,461,285 |
On Holding AG Class A (b) | | 2,259,183 | 107,130,458 |
| | | 124,591,743 |
Health Care - 0.0% | | | |
Pharmaceuticals - 0.0% | | | |
Galderma Group AG (b) | | 194,862 | 18,234,958 |
TOTAL SWITZERLAND | | | 142,826,701 |
TAIWAN - 0.9% | | | |
Information Technology - 0.9% | | | |
Semiconductors & Semiconductor Equipment - 0.9% | | | |
Taiwan Semiconductor Manufacturing Co Ltd ADR | | 3,139,932 | 598,282,643 |
UNITED KINGDOM - 0.2% | | | |
Consumer Discretionary - 0.2% | | | |
Hotels, Restaurants & Leisure - 0.2% | | | |
Flutter Entertainment PLC (b) | | 208,486 | 48,529,286 |
Flutter Entertainment PLC (United Kingdom) (b) | | 230,581 | 53,934,333 |
| | | 102,463,619 |
Financials - 0.0% | | | |
Capital Markets - 0.0% | | | |
3i Group PLC | | 856,502 | 35,123,192 |
TOTAL UNITED KINGDOM | | | 137,586,811 |
UNITED STATES - 92.7% | | | |
Communication Services - 15.4% | | | |
Entertainment - 2.6% | | | |
Netflix Inc (b) | | 1,984,424 | 1,500,284,077 |
ROBLOX Corp Class A (b) | | 1,140,400 | 58,981,488 |
Roku Inc Class A (b) | | 1,459,100 | 93,499,128 |
Spotify Technology SA (b) | | 169,950 | 65,447,745 |
Take-Two Interactive Software Inc (b) | | 107,585 | 17,398,646 |
Walt Disney Co/The | | 490,500 | 47,186,100 |
| | | 1,782,797,184 |
Interactive Media & Services - 12.7% | | | |
Alphabet Inc Class A | | 23,653,421 | 4,047,336,868 |
Epic Games Inc (b)(c)(d) | | 6,131 | 3,678,600 |
Meta Platforms Inc Class A | | 5,926,728 | 3,363,892,279 |
Reddit Inc Class A | | 660,882 | 78,843,223 |
Reddit Inc Class B (b) | | 566,705 | 67,607,906 |
Snap Inc Class A (b) | | 84,717,315 | 1,030,162,550 |
| | | 8,591,521,426 |
Media - 0.0% | | | |
Trade Desk Inc (The) Class A (b) | | 237,088 | 28,500,348 |
Wireless Telecommunication Services - 0.1% | | | |
T-Mobile US Inc | | 231,096 | 51,571,383 |
TOTAL COMMUNICATION SERVICES | | | 10,454,390,341 |
| | | |
Consumer Discretionary - 18.0% | | | |
Automobiles - 1.1% | | | |
Neutron Holdings Inc (b)(c)(d) | | 7,152,433 | 310,416 |
Rad Power Bikes Inc (b)(c)(d) | | 928,091 | 232,023 |
Rad Power Bikes Inc warrants 10/6/2033 (b)(c)(d) | | 980,651 | 598,197 |
Rivian Automotive Inc Class A (b)(e) | | 9,210,153 | 93,022,545 |
Tesla Inc (b) | | 2,670,157 | 667,138,726 |
| | | 761,301,907 |
Broadline Retail - 8.2% | | | |
Amazon.com Inc (b) | | 29,865,016 | 5,566,838,983 |
Ollie's Bargain Outlet Holdings Inc (b) | | 385,764 | 35,424,708 |
| | | 5,602,263,691 |
Diversified Consumer Services - 0.1% | | | |
Duolingo Inc Class A (b) | | 121,962 | 35,731,207 |
Hotels, Restaurants & Leisure - 2.2% | | | |
Airbnb Inc Class A (b) | | 1,607,921 | 216,731,672 |
Booking Holdings Inc | | 6,900 | 32,266,125 |
Brinker International Inc (b) | | 698,100 | 71,701,851 |
Carnival Corp (b) | | 1,227,900 | 27,013,800 |
Cava Group Inc (b) | | 195,789 | 26,149,579 |
Chipotle Mexican Grill Inc (b) | | 5,329,843 | 297,245,344 |
DoorDash Inc Class A (b) | | 147,100 | 23,050,570 |
DraftKings Inc Class A (b) | | 3,422,868 | 120,895,698 |
McDonald's Corp | | 257,801 | 75,306,250 |
Penn Entertainment Inc (b)(e) | | 3,209,644 | 63,390,469 |
Planet Fitness Inc Class A (b) | | 486,400 | 38,192,128 |
Royal Caribbean Cruises Ltd | | 151,210 | 31,202,184 |
Sonder Holdings Inc Stage 1 rights (b)(d) | | 16,222 | 0 |
Sonder Holdings Inc Stage 2 rights (b)(d) | | 16,221 | 0 |
Sonder Holdings Inc Stage 3 rights (b)(d) | | 16,222 | 0 |
Sonder Holdings Inc Stage 4 rights (b)(d) | | 16,221 | 0 |
Sonder Holdings Inc Stage 5 rights (b)(d) | | 16,221 | 0 |
Sonder Holdings Inc Stage 5 rights (b)(d) | | 16,221 | 1 |
Starbucks Corp (e) | | 3,260,835 | 318,583,580 |
Sweetgreen Inc Class A (b)(e) | | 3,557,293 | 128,418,277 |
Texas Roadhouse Inc | | 96,000 | 18,347,519 |
Viking Holdings Ltd | | 641,811 | 25,191,082 |
Wingstop Inc (e) | | 41,588 | 11,964,451 |
| | | 1,525,650,580 |
Household Durables - 0.6% | | | |
DR Horton Inc | | 394,987 | 66,752,803 |
PulteGroup Inc | | 475,309 | 61,566,775 |
SharkNinja Inc | | 2,867,325 | 264,396,038 |
Toll Brothers Inc | | 147,900 | 21,658,476 |
| | | 414,374,092 |
Specialty Retail - 4.1% | | | |
Abercrombie & Fitch Co Class A (b) | | 1,771,471 | 233,462,163 |
American Eagle Outfitters Inc | | 5,139,567 | 100,684,118 |
Bath & Body Works Inc | | 527,600 | 14,973,288 |
Carvana Co Class A (b) | | 2,373,014 | 586,870,092 |
Chewy Inc Class A (b) | | 759,400 | 20,481,018 |
Dick's Sporting Goods Inc | | 502,443 | 98,353,217 |
Fanatics Inc Class A (b)(c)(d) | | 1,938,909 | 142,916,982 |
Five Below Inc (b) | | 694,456 | 65,827,484 |
Floor & Decor Holdings Inc Class A (b) | | 72,000 | 7,419,600 |
Foot Locker Inc | | 46,926 | 1,088,214 |
Home Depot Inc/The | | 165,368 | 65,113,650 |
Lowe's Cos Inc | | 2,334,275 | 611,183,223 |
RH (b)(e)(i) | | 1,029,062 | 327,293,169 |
TJX Cos Inc/The | | 2,723,030 | 307,784,081 |
Victoria's Secret & Co (b)(e) | | 1,600,300 | 48,425,078 |
Warby Parker Inc Class A (b)(e) | | 3,623,235 | 61,341,369 |
Wayfair Inc Class A (b) | | 1,391,054 | 59,578,843 |
Williams-Sonoma Inc | | 201,520 | 27,029,878 |
| | | 2,779,825,467 |
Textiles, Apparel & Luxury Goods - 1.7% | | | |
Crocs Inc (b) | | 541,652 | 58,400,919 |
Deckers Outdoor Corp (b) | | 3,103,006 | 499,242,635 |
Lululemon Athletica Inc (b) | | 950,557 | 283,170,930 |
NIKE Inc Class B | | 1,817,336 | 140,171,126 |
Ralph Lauren Corp Class A | | 107,600 | 21,297,268 |
Tory Burch LLC Class A (b)(c)(d) | | 293,611 | 11,430,276 |
Under Armour Inc Class A (b)(e) | | 12,289,700 | 105,076,935 |
VF Corp (e) | | 1,871,800 | 38,764,978 |
| | | 1,157,555,067 |
TOTAL CONSUMER DISCRETIONARY | | | 12,276,702,011 |
| | | |
Consumer Staples - 0.7% | | | |
Consumer Staples Distribution & Retail - 0.5% | | | |
BJ's Wholesale Club Holdings Inc (b) | | 161,100 | 13,650,003 |
Costco Wholesale Corp | | 40,188 | 35,131,546 |
Target Corp | | 294,800 | 44,231,792 |
Walmart Inc | | 3,003,385 | 246,127,401 |
| | | 339,140,742 |
Food Products - 0.0% | | | |
Bowery Farming Inc (b)(d) | | 306,790 | 3 |
Bowery Farming Inc warrants (b)(c)(d) | | 145,528 | 1 |
Real Good Food Co Inc/The Class A (b)(e) | | 195,444 | 64,516 |
Real Good Food Co LLC /The Class B (b)(d) | | 1,262,073 | 13 |
Real Good Food Co LLC /The Class B unit (b)(g) | | 1,262,073 | 416,610 |
| | | 481,143 |
Personal Care Products - 0.0% | | | |
Kenvue Inc | | 1,233,659 | 28,287,801 |
Tobacco - 0.2% | | | |
JUUL Labs Inc Class A (b)(c)(d) | | 29,210,272 | 29,502,375 |
JUUL Labs Inc Class B (b)(c)(d) | | 6,625 | 6,691 |
Philip Morris International Inc | | 573,803 | 76,143,658 |
| | | 105,652,724 |
TOTAL CONSUMER STAPLES | | | 473,562,410 |
| | | |
Energy - 0.2% | | | |
Oil, Gas & Consumable Fuels - 0.2% | | | |
Diamondback Energy Inc | | 531,847 | 94,014,594 |
EOG Resources Inc | | 475,744 | 58,021,738 |
| | | 152,036,332 |
Financials - 3.7% | | | |
Banks - 0.3% | | | |
Citigroup Inc | | 1,654,448 | 106,165,928 |
M&T Bank Corp | | 137,700 | 26,807,436 |
US Bancorp | | 487,400 | 23,546,294 |
Wells Fargo & Co | | 365,900 | 23,754,228 |
| | | 180,273,886 |
Capital Markets - 1.2% | | | |
Ares Management Corp Class A | | 82,400 | 13,816,832 |
Bank of New York Mellon Corp/The | | 181,700 | 13,692,912 |
Blue Owl Capital Inc Class A | | 3,808,464 | 85,157,255 |
Coinbase Global Inc Class A (b) | | 1,220,364 | 218,750,247 |
Goldman Sachs Group Inc/The | | 291,592 | 150,983,422 |
Interactive Brokers Group Inc Class A | | 56,800 | 8,666,544 |
Jefferies Financial Group Inc | | 484,454 | 30,995,367 |
KKR & Co Inc Class A | | 543,536 | 75,138,417 |
Moody's Corp | | 166,984 | 75,817,415 |
Morgan Stanley | | 767,104 | 89,175,840 |
Nasdaq Inc | | 90,900 | 6,719,328 |
Robinhood Markets Inc Class A (b) | | 700,957 | 16,465,480 |
| | | 785,379,059 |
Consumer Finance - 0.3% | | | |
American Express Co | | 834,556 | 225,396,884 |
Financial Services - 1.7% | | | |
Affirm Holdings Inc Class A (b)(e) | | 607,800 | 26,652,030 |
Apollo Global Management Inc | | 494,618 | 70,858,975 |
Berkshire Hathaway Inc Class B (b) | | 52,063 | 23,476,248 |
Block Inc Class A (b) | | 2,086,446 | 150,891,775 |
Fiserv Inc (b) | | 101,200 | 20,027,480 |
Mastercard Inc Class A | | 1,344,304 | 671,600,835 |
PayPal Holdings Inc (b) | | 201,600 | 15,986,880 |
Rocket Cos Inc Class A (b) | | 44,955 | 723,775 |
Toast Inc Class A (b) | | 1,631,392 | 48,990,702 |
Visa Inc Class A | | 510,087 | 147,848,717 |
| | | 1,177,057,417 |
Insurance - 0.2% | | | |
Progressive Corp/The | | 599,185 | 145,500,094 |
The Travelers Companies, Inc. | | 26,500 | 6,517,410 |
| | | 152,017,504 |
TOTAL FINANCIALS | | | 2,520,124,750 |
| | | |
Health Care - 7.0% | | | |
Biotechnology - 1.1% | | | |
Alnylam Pharmaceuticals Inc (b) | | 224,952 | 59,969,954 |
Apogee Therapeutics Inc (b) | | 275,454 | 14,334,626 |
Arcellx Inc (b) | | 87,186 | 7,347,164 |
Avidity Biosciences Inc (b) | | 218,066 | 9,215,469 |
Cibus Inc Class A (b) | | 153,600 | 612,863 |
Exact Sciences Corp (b) | | 478,100 | 32,955,433 |
Gilead Sciences Inc | | 491,200 | 43,628,384 |
Janux Therapeutics Inc (b) | | 124,142 | 6,702,427 |
Legend Biotech Corp ADR (b) | | 486,476 | 21,901,150 |
Madrigal Pharmaceuticals Inc (b) | | 32,500 | 8,428,550 |
Moderna Inc (b) | | 594,391 | 32,311,095 |
MoonLake Immunotherapeutics Class A (b) | | 392,858 | 18,236,468 |
Natera Inc (b) | | 220,700 | 26,695,872 |
Nurix Therapeutics Inc (b) | | 81,200 | 1,995,896 |
Regeneron Pharmaceuticals Inc (b) | | 511,693 | 428,901,073 |
Scholar Rock Holding Corp (b) | | 412,100 | 11,720,124 |
Summit Therapeutics Inc (b) | | 176,300 | 3,277,417 |
Viking Therapeutics Inc (b) | | 601,437 | 43,628,240 |
| | | 771,862,205 |
Health Care Equipment & Supplies - 1.4% | | | |
Blink Health LLC Class A1 (b)(c)(d) | | 63,681 | 2,530,683 |
Boston Scientific Corp (b) | | 5,987,460 | 503,066,390 |
Glaukos Corp (b) | | 187,252 | 24,764,077 |
Insulet Corp (b) | | 237,500 | 54,988,375 |
Intuitive Surgical Inc (b) | | 438,391 | 220,878,921 |
Masimo Corp (b) | | 140,725 | 20,265,807 |
Stryker Corp | | 317,705 | 113,191,937 |
| | | 939,686,190 |
Health Care Providers & Services - 1.0% | | | |
Tenet Healthcare Corp (b) | | 545,758 | 84,603,405 |
UnitedHealth Group Inc | | 1,051,592 | 593,623,684 |
| | | 678,227,089 |
Health Care Technology - 0.0% | | | |
Multiplan Corp warrants (b)(c) | | 138,859 | 1 |
Life Sciences Tools & Services - 0.3% | | | |
Danaher Corp | | 608,313 | 149,438,172 |
Revvity Inc (e) | | 25,800 | 3,059,621 |
Thermo Fisher Scientific Inc | | 86,668 | 47,348,462 |
Veterinary Emergency Group (b)(d) | | 524,494 | 33,992,456 |
| | | 233,838,711 |
Pharmaceuticals - 3.2% | | | |
Eli Lilly & Co | | 2,135,850 | 1,772,200,180 |
Merck & Co Inc | | 1,053,014 | 107,744,392 |
Structure Therapeutics Inc ADR (b) | | 112,649 | 4,635,506 |
Zoetis Inc Class A | | 1,343,115 | 240,122,101 |
| | | 2,124,702,179 |
TOTAL HEALTH CARE | | | 4,748,316,375 |
| | | |
Industrials - 4.3% | | | |
Aerospace & Defense - 1.6% | | | |
ABL Space Systems Co warrants 12/14/2030 (b)(c)(d) | | 30,937 | 0 |
Axon Enterprise Inc (b) | | 95,700 | 40,528,950 |
Boeing Co (b) | | 2,084,005 | 311,162,787 |
GE Aerospace | | 883,926 | 151,840,808 |
Howmet Aerospace Inc | | 1,115,615 | 111,249,128 |
Space Exploration Technologies Corp (b)(c)(d) | | 3,005,205 | 351,368,569 |
Space Exploration Technologies Corp Class C (b)(c)(d) | | 73,749 | 8,622,733 |
Spirit AeroSystems Holdings Inc Class A (b) | | 835,503 | 27,045,232 |
Standardaero Inc (e) | | 336,400 | 9,705,140 |
TransDigm Group Inc | | 26,031 | 33,900,171 |
| | | 1,045,423,518 |
Air Freight & Logistics - 0.1% | | | |
CH Robinson Worldwide Inc | | 345,400 | 35,590,016 |
Building Products - 0.2% | | | |
AZEK Co Inc/The Class A (b) | | 429,542 | 18,899,848 |
Builders FirstSource Inc (b) | | 255,820 | 43,847,548 |
Fortune Brands Innovations Inc | | 417,600 | 34,798,608 |
Lennox International Inc | | 16,000 | 9,641,120 |
Trane Technologies PLC | | 64,499 | 23,874,950 |
| | | 131,062,074 |
Commercial Services & Supplies - 0.0% | | | |
ACV Auctions Inc Class A (b) | | 920,319 | 15,912,316 |
Construction & Engineering - 0.1% | | | |
EMCOR Group Inc | | 62,575 | 27,912,830 |
Fluor Corp (b) | | 441,971 | 23,106,244 |
| | | 51,019,074 |
Electrical Equipment - 0.3% | | | |
Acuity Brands Inc | | 98,877 | 29,731,325 |
Eaton Corp PLC | | 217,657 | 72,170,708 |
GE Vernova Inc | | 295,468 | 89,130,877 |
Vertiv Holdings Co Class A | | 233,100 | 25,475,499 |
| | | 216,508,409 |
Ground Transportation - 1.4% | | | |
Avis Budget Group Inc | | 162,700 | 13,504,100 |
Bird Global Inc (b)(c)(d) | | 72,846 | 1 |
Bird Global Inc Stage 1 rights (b)(d) | | 10,516 | 0 |
Bird Global Inc Stage 2 rights (b)(d) | | 10,516 | 0 |
Bird Global Inc Stage 3 rights (b)(d) | | 10,516 | 0 |
Lyft Inc Class A (b) | | 18,156,863 | 235,494,513 |
Uber Technologies Inc (b) | | 9,653,471 | 695,532,586 |
| | | 944,531,200 |
Industrial Conglomerates - 0.0% | | | |
3M Co | | 226,900 | 29,149,843 |
Machinery - 0.0% | | | |
Chart Industries Inc (b) | | 67,500 | 8,148,600 |
Passenger Airlines - 0.2% | | | |
Delta Air Lines Inc | | 964,300 | 55,177,246 |
United Airlines Holdings Inc (b) | | 1,218,100 | 95,328,506 |
| | | 150,505,752 |
Professional Services - 0.0% | | | |
Parsons Corp (b)(e) | | 87,400 | 9,453,184 |
Trading Companies & Distributors - 0.4% | | | |
Ferguson Enterprises Inc | | 318,118 | 62,586,535 |
FTAI Aviation Ltd | | 1,609,930 | 216,438,989 |
Watsco Inc | | 35,370 | 16,730,364 |
| | | 295,755,888 |
TOTAL INDUSTRIALS | | | 2,933,059,874 |
| | | |
Information Technology - 42.3% | | | |
Communications Equipment - 0.1% | | | |
Arista Networks Inc (b) | | 170,678 | 65,956,806 |
Ciena Corp (b) | | 735,239 | 46,695,029 |
| | | 112,651,835 |
Electronic Equipment, Instruments & Components - 0.3% | | | |
Amphenol Corp Class A | | 1,116,000 | 74,794,320 |
Coherent Corp (b) | | 434,773 | 40,190,416 |
Corning Inc | | 1,594,409 | 75,877,924 |
| | | 190,862,660 |
IT Services - 0.4% | | | |
Okta Inc Class A (b) | | 2,536,962 | 182,382,198 |
Snowflake Inc Class A (b) | | 643,030 | 73,832,705 |
X Holdings Corp Class A (b)(c)(d) | | 196,600 | 5,530,358 |
| | | 261,745,261 |
Semiconductors & Semiconductor Equipment - 20.6% | | | |
Advanced Micro Devices Inc (b) | | 1,584,084 | 228,218,982 |
Astera Labs Inc (b) | | 3,217,140 | 225,714,542 |
Broadcom Inc | | 3,499,860 | 594,171,232 |
Enphase Energy Inc (b) | | 241,960 | 20,092,358 |
First Solar Inc (b) | | 343,677 | 66,838,303 |
GlobalFoundries Inc (b) | | 5,178,647 | 189,020,616 |
Impinj Inc (b) | | 281,621 | 53,505,174 |
Lam Research Corp | | 537,660 | 39,975,021 |
Marvell Technology Inc | | 26,401,610 | 2,115,032,977 |
Micron Technology Inc | | 393,002 | 39,162,649 |
Monolithic Power Systems Inc | | 369,568 | 280,612,982 |
NVIDIA Corp | | 73,725,645 | 9,787,816,631 |
ON Semiconductor Corp (b) | | 4,502,743 | 317,398,354 |
Teradyne Inc | | 734,146 | 77,973,647 |
| | | 14,035,533,468 |
Software - 9.5% | | | |
Applied Intuition Inc Class A (c)(d) | | 33,762 | 2,015,591 |
AppLovin Corp Class A (b)(e) | | 2,590,180 | 438,750,590 |
Atom Tickets LLC (b)(c)(d) | | 1,204,239 | 11 |
Coreweave Inc Class A (d) | | 148,061 | 125,423,954 |
Datadog Inc Class A (b) | | 640,386 | 80,330,020 |
DocuSign Inc (b) | | 57,200 | 3,968,536 |
Figma Inc Class A (c)(d) | | 253,830 | 6,175,684 |
HubSpot Inc (b) | | 266,429 | 147,812,145 |
Klaviyo Inc Class A (b)(e) | | 223,100 | 8,484,493 |
Life360 Inc (b) | | 422,656 | 18,119,263 |
Microsoft Corp | | 12,326,576 | 5,008,904,158 |
OpenAI Global LLC rights (b)(c)(d) | | 29,421,124 | 29,421,124 |
Oracle Corp | | 941,843 | 158,078,929 |
Servicenow Inc (b) | | 302,077 | 281,834,820 |
Stripe Inc Class B (b)(c)(d) | | 173,600 | 4,775,736 |
Synopsys Inc (b) | | 80,450 | 41,319,925 |
Tanium Inc Class B (b)(c)(d) | | 554,900 | 4,860,924 |
Zoom Video Communications Inc Class A (b) | | 1,009,998 | 75,487,251 |
Zscaler Inc (b) | | 50,200 | 9,075,658 |
| | | 6,444,838,812 |
Technology Hardware, Storage & Peripherals - 11.4% | | | |
Apple Inc | | 33,640,045 | 7,599,622,566 |
Dell Technologies Inc Class C | | 475,057 | 58,731,297 |
Western Digital Corp (b) | | 1,264,967 | 82,614,995 |
| | | 7,740,968,858 |
TOTAL INFORMATION TECHNOLOGY | | | 28,786,600,894 |
| | | |
Materials - 0.7% | | | |
Chemicals - 0.1% | | | |
Linde PLC | | 65,261 | 29,768,805 |
Sherwin-Williams Co/The | | 147,586 | 52,949,429 |
Westlake Corp | | 70,400 | 9,288,576 |
| | | 92,006,810 |
Construction Materials - 0.2% | | | |
CRH PLC | | 293,566 | 28,015,003 |
Eagle Materials Inc | | 154,574 | 44,124,694 |
Martin Marietta Materials Inc | | 53,290 | 31,565,799 |
Vulcan Materials Co | | 143,177 | 39,220,476 |
| | | 142,925,972 |
Containers & Packaging - 0.1% | | | |
AptarGroup Inc | | 64,400 | 10,813,404 |
Crown Holdings Inc | | 155,400 | 14,537,670 |
Smurfit WestRock PLC | | 627,200 | 32,300,800 |
| | | 57,651,874 |
Metals & Mining - 0.3% | | | |
ATI Inc (b) | | 626,629 | 33,029,614 |
Carpenter Technology Corp | | 882,119 | 131,876,791 |
| | | 164,906,405 |
TOTAL MATERIALS | | | 457,491,061 |
| | | |
Real Estate - 0.4% | | | |
Health Care REITs - 0.3% | | | |
Welltower Inc | | 1,385,147 | 186,828,627 |
Real Estate Management & Development - 0.1% | | | |
Zillow Group Inc Class C (b) | | 980,755 | 58,933,568 |
TOTAL REAL ESTATE | | | 245,762,195 |
| | | |
TOTAL UNITED STATES | | | 63,048,046,243 |
TOTAL COMMON STOCKS (Cost $27,596,099,836) | | | 66,979,617,449 |
| | | |
Convertible Preferred Stocks - 1.5% |
| | Shares | Value ($) |
CHINA - 0.1% | | | |
Communication Services - 0.1% | | | |
Interactive Media & Services - 0.1% | | | |
ByteDance Ltd Series E1 (b)(c)(d) | | 293,038 | 73,016,278 |
ESTONIA - 0.0% | | | |
Information Technology - 0.0% | | | |
Software - 0.0% | | | |
Bolt Technology OU Series E (b)(c)(d) | | 170,267 | 31,251,986 |
INDIA - 0.1% | | | |
Consumer Discretionary - 0.1% | | | |
Broadline Retail - 0.1% | | | |
Meesho (c)(d) | | 199,367 | 11,070,850 |
Meesho (c)(d) | | 33,209 | 1,844,095 |
Meesho Series E1 (c)(d) | | 39,951 | 2,218,479 |
Meesho Series F (b)(c)(d) | | 577,413 | 32,623,835 |
| | | 47,757,259 |
Information Technology - 0.0% | | | |
Software - 0.0% | | | |
Pine Labs Pvt Ltd Series 1 (b)(c)(d) | | 23,689 | 8,817,756 |
Pine Labs Pvt Ltd Series A (b)(c)(d) | | 5,920 | 2,203,602 |
Pine Labs Pvt Ltd Series B (b)(c)(d) | | 6,440 | 2,397,161 |
Pine Labs Pvt Ltd Series B2 (b)(c)(d) | | 5,209 | 1,938,946 |
Pine Labs Pvt Ltd Series C (b)(c)(d) | | 9,690 | 3,606,909 |
Pine Labs Pvt Ltd Series C1 (b)(c)(d) | | 2,041 | 759,721 |
Pine Labs Pvt Ltd Series D (b)(c)(d) | | 2,183 | 812,578 |
| | | 20,536,673 |
TOTAL INDIA | | | 68,293,932 |
ISRAEL - 0.0% | | | |
Information Technology - 0.0% | | | |
Semiconductors & Semiconductor Equipment - 0.0% | | | |
Xsight Labs Ltd Series D (b)(c)(d) | | 1,192,000 | 7,557,280 |
Xsight Labs Ltd Series D1 (c)(d) | | 436,098 | 3,889,994 |
| | | |
TOTAL ISRAEL | | | 11,447,274 |
UNITED STATES - 1.3% | | | |
Consumer Discretionary - 0.0% | | | |
Automobiles - 0.0% | | | |
Neutron Holdings Inc Series 1C (b)(c)(d) | | 50,654,200 | 2,198,392 |
Neutron Holdings Inc Series 1D (b)(c)(d) | | 85,315,542 | 3,702,695 |
Rad Power Bikes Inc Series A (b)(c)(d) | | 120,997 | 30,249 |
Rad Power Bikes Inc Series C (b)(c)(d) | | 476,111 | 314,233 |
Rad Power Bikes Inc Series D (b)(c)(d) | | 867,000 | 962,370 |
Waymo LLC (c)(d) | | 149,427 | 11,656,801 |
Waymo LLC Series A2 (b)(c)(d) | | 81,316 | 5,186,334 |
| | | 24,051,074 |
Hotels, Restaurants & Leisure - 0.0% | | | |
Discord Inc Series I (b)(c)(d) | | 6,100 | 1,452,288 |
Consumer Staples - 0.0% | | | |
Consumer Staples Distribution & Retail - 0.0% | | | |
GoBrands Inc Series G (b)(c)(d) | | 166,200 | 6,254,106 |
GoBrands Inc Series H (b)(c)(d) | | 104,029 | 5,008,996 |
| | | 11,263,102 |
Food Products - 0.0% | | | |
AgBiome LLC Series C (b)(c)(d) | | 1,091,300 | 11 |
Tobacco - 0.0% | | | |
JUUL Labs Inc Series C (b)(c)(d) | | 2,570,575 | 2,596,281 |
JUUL Labs Inc Series D (b)(c)(d) | | 13,822 | 13,960 |
JUUL Labs Inc Series E (b)(c)(d) | | 14,959 | 15,109 |
| | | 2,625,350 |
TOTAL CONSUMER STAPLES | | | 13,888,463 |
| | | |
Financials - 0.0% | | | |
Financial Services - 0.0% | | | |
Akeana Series C (c)(d) | | 363,100 | 4,676,728 |
Tenstorrent Holdings Inc Series C1 (c)(d) | | 150,460 | 11,180,683 |
Tenstorrent Holdings Inc Series D1 (c)(d) | | 102,500 | 8,087,250 |
Tenstorrent Holdings Inc Series D2 (c)(d) | | 47,443 | 3,607,091 |
| | | 27,551,752 |
Health Care - 0.0% | | | |
Biotechnology - 0.0% | | | |
Castle Creek Biosciences Inc Series B (b)(c)(d) | | 3,301 | 719,651 |
Castle Creek Biosciences Inc Series D2 (b)(c)(d) | | 5,347 | 1,095,547 |
| | | 1,815,198 |
Health Care Equipment & Supplies - 0.0% | | | |
Blink Health LLC Series C (b)(c)(d) | | 170,685 | 6,783,022 |
Blink Health LLC Series D (c)(d) | | 38,410 | 1,526,413 |
| | | 8,309,435 |
TOTAL HEALTH CARE | | | 10,124,633 |
| | | |
Industrials - 0.5% | | | |
Aerospace & Defense - 0.5% | | | |
ABL Space Systems Co Series B (b)(c)(d) | | 270,130 | 159,377 |
ABL Space Systems Co Series B2 (b)(c)(d) | | 141,569 | 82,109 |
ABL Space Systems Co Series C1 (c)(d) | | 41,250 | 407,963 |
Anduril Industries Inc (c)(d) | | 544,932 | 12,756,858 |
Relativity Space Inc Series E (b)(c)(d) | | 2,480,614 | 14,536,398 |
Space Exploration Technologies Corp Series G (b)(c)(d) | | 98,074 | 114,668,122 |
Space Exploration Technologies Corp Series H (b)(c)(d) | | 25,767 | 30,126,776 |
Space Exploration Technologies Corp Series J (b)(c)(d) | | 5,376 | 6,285,619 |
Space Exploration Technologies Corp Series N (b)(c)(d) | | 79,406 | 92,841,495 |
| | | 271,864,717 |
Air Freight & Logistics - 0.0% | | | |
Zipline International Inc Series G (c)(d) | | 281,500 | 11,808,925 |
Construction & Engineering - 0.0% | | | |
Beta Technologies Inc Series A (b)(c)(d) | | 101,010 | 11,562,615 |
Beta Technologies Inc Series C, 6% (c)(d) | | 25,529 | 2,922,304 |
| | | 14,484,919 |
TOTAL INDUSTRIALS | | | 298,158,561 |
| | | |
Information Technology - 0.6% | | | |
Electronic Equipment, Instruments & Components - 0.0% | | | |
Cellink Corp Series D (b)(c)(d) | | 771,513 | 4,798,811 |
Enevate Corp Series E (b)(c)(d) | | 12,084,432 | 7,250,659 |
Frore Systems Inc Series C (c)(d) | | 366,694 | 5,933,109 |
Menlo Microsystems Inc Series C (b)(c)(d) | | 4,680,700 | 3,276,490 |
| | | 21,259,069 |
IT Services - 0.0% | | | |
Gupshup Inc (b)(c)(d) | | 709,497 | 6,094,579 |
Yanka Industries Inc Series F (b)(c)(d) | | 508,854 | 3,042,947 |
| | | 9,137,526 |
Semiconductors & Semiconductor Equipment - 0.0% | | | |
Alif Semiconductor Series C (b)(c)(d) | | 391,847 | 7,053,246 |
Retym Inc Series C (b)(c)(d) | | 810,037 | 6,998,720 |
SiMa Technologies Inc Series B (b)(c)(d) | | 2,821,200 | 18,366,012 |
SiMa Technologies Inc Series B1 (b)(c)(d) | | 188,978 | 1,426,784 |
| | | 33,844,762 |
Software - 0.5% | | | |
Algolia Inc Series D (b)(c)(d) | | 276,495 | 5,278,290 |
Anthropic PBC Series D (c)(d) | | 393,051 | 13,925,797 |
Applied Intuition Inc Series A2 (c)(d) | | 43,948 | 2,623,696 |
Applied Intuition Inc Series B2 (c)(d) | | 21,192 | 1,265,162 |
Coreweave Inc Series C (c)(d) | | 9,498 | 9,347,647 |
Databricks Inc Series G (b)(c)(d) | | 437,958 | 35,899,417 |
Databricks Inc Series H (b)(c)(d) | | 273,924 | 22,453,550 |
Databricks Inc Series I (b)(c)(d) | | 6,675 | 547,150 |
Dataminr Inc Series D, 8% (b)(c)(d) | | 277,250 | 3,626,430 |
Lyte Ai Inc (c)(d) | | 692,307 | 8,757,684 |
MOLOCO Inc Series A (b)(c)(d) | | 103,822 | 5,748,624 |
Mountain Digital Inc Series D (b)(c)(d) | | 524,265 | 7,517,960 |
Runway AI Inc (c)(d) | | 54,013 | 5,856,089 |
Skyryse Inc Series B (b)(c)(d) | | 560,000 | 12,308,800 |
Stripe Inc Series H (b)(c)(d) | | 73,100 | 2,010,981 |
Stripe Inc Series I (b)(c)(d) | | 1,129,819 | 31,081,321 |
xAI Corp Series B (c)(d) | | 3,688,585 | 75,062,705 |
| | | 243,311,303 |
Technology Hardware, Storage & Peripherals - 0.1% | | | |
Lightmatter Inc (c)(d) | | 363,511 | 29,164,669 |
Lightmatter Inc Series C1 (b)(c)(d) | | 372,617 | 24,112,046 |
Lightmatter Inc Series C2 (c)(d) | | 58,528 | 3,859,922 |
| | | 57,136,637 |
TOTAL INFORMATION TECHNOLOGY | | | 364,689,297 |
| | | |
Materials - 0.2% | | | |
Metals & Mining - 0.2% | | | |
Diamond Foundry Inc Series C (b)(c)(d) | | 2,271,329 | 62,688,680 |
Utilities - 0.0% | | | |
Independent Power and Renewable Electricity Producers - 0.0% | | | |
Redwood Materials Series C (b)(c)(d) | | 341,408 | 11,399,614 |
Redwood Materials Series D (b)(c)(d) | | 97,832 | 3,266,610 |
| | | 14,666,224 |
TOTAL UNITED STATES | | | 817,270,972 |
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $922,059,521) | | | 1,001,280,442 |
| | | |