Common Stocks - 98.2% |
| | Shares | Value ($) |
BELGIUM - 0.1% | | | |
Health Care - 0.1% | | | |
Pharmaceuticals - 0.1% | | | |
UCB SA | | 32,300 | 6,211,749 |
BRAZIL - 0.0% | | | |
Materials - 0.0% | | | |
Metals & Mining - 0.0% | | | |
Vale SA ADR | | 277,700 | 2,971,389 |
CANADA - 0.5% | | | |
Consumer Discretionary - 0.1% | | | |
Broadline Retail - 0.0% | | | |
Dollarama Inc | | 34,100 | 3,548,496 |
Specialty Retail - 0.1% | | | |
Aritzia Inc Subordinate Voting Shares (b) | | 365,800 | 11,777,796 |
TOTAL CONSUMER DISCRETIONARY | | | 15,326,292 |
| | | |
Energy - 0.1% | | | |
Oil, Gas & Consumable Fuels - 0.1% | | | |
Cameco Corp | | 130,800 | 6,835,213 |
Secure Energy Services Inc | | 319,400 | 3,557,937 |
| | | 10,393,150 |
Information Technology - 0.3% | | | |
Electronic Equipment, Instruments & Components - 0.1% | | | |
Celestica Inc Subordinate Voting Shares (United States) (b) | | 134,800 | 9,220,320 |
IT Services - 0.2% | | | |
Shopify Inc Class A (b) | | 232,700 | 18,203,529 |
TOTAL INFORMATION TECHNOLOGY | | | 27,423,849 |
| | | |
TOTAL CANADA | | | 53,143,291 |
CHINA - 1.9% | | | |
Consumer Discretionary - 0.5% | | | |
Automobiles - 0.0% | | | |
BYD Co Ltd H Shares | | 100,500 | 3,629,921 |
Broadline Retail - 0.4% | | | |
Alibaba Group Holding Ltd ADR | | 44,100 | 4,320,918 |
JD.com Inc ADR | | 206,000 | 8,367,720 |
PDD Holdings Inc Class A ADR (b) | | 227,400 | 27,422,166 |
| | | 40,110,804 |
Diversified Consumer Services - 0.1% | | | |
New Oriental Education & Technology Group Inc ADR | | 85,300 | 5,339,780 |
TAL Education Group Class A ADR (b) | | 547,300 | 6,085,976 |
| | | 11,425,756 |
TOTAL CONSUMER DISCRETIONARY | | | 55,166,481 |
| | | |
Financials - 0.0% | | | |
Financial Services - 0.0% | | | |
Ant International Co Ltd Class C (c)(d) | | 784,278 | 1,427,386 |
Information Technology - 1.4% | | | |
Semiconductors & Semiconductor Equipment - 1.4% | | | |
NXP Semiconductors NV | | 678,535 | 159,116,458 |
TOTAL CHINA | | | 215,710,325 |
DENMARK - 0.4% | | | |
Health Care - 0.4% | | | |
Biotechnology - 0.1% | | | |
Ascendis Pharma A/S ADR (b) | | 129,996 | 15,966,109 |
Pharmaceuticals - 0.3% | | | |
Novo Nordisk A/S Class B ADR | | 310,700 | 34,782,865 |
TOTAL DENMARK | | | 50,748,974 |
FINLAND - 0.1% | | | |
Consumer Discretionary - 0.1% | | | |
Textiles, Apparel & Luxury Goods - 0.1% | | | |
Amer Sports Inc (e) | | 699,800 | 12,491,430 |
FRANCE - 0.1% | | | |
Consumer Discretionary - 0.1% | | | |
Textiles, Apparel & Luxury Goods - 0.1% | | | |
Hermes International SCA | | 3,101 | 6,995,836 |
LVMH Moet Hennessy Louis Vuitton SE | | 9,461 | 6,298,382 |
| | | |
TOTAL FRANCE | | | 13,294,218 |
GERMANY - 0.1% | | | |
Consumer Discretionary - 0.0% | | | |
Textiles, Apparel & Luxury Goods - 0.0% | | | |
adidas AG | | 27,800 | 6,657,858 |
Information Technology - 0.1% | | | |
Software - 0.1% | | | |
SAP SE ADR | | 45,700 | 10,677,348 |
TOTAL GERMANY | | | 17,335,206 |
INDIA - 0.7% | | | |
Communication Services - 0.1% | | | |
Diversified Telecommunication Services - 0.0% | | | |
Indus Towers Ltd (b) | | 1,375,252 | 5,548,902 |
Wireless Telecommunication Services - 0.1% | | | |
Bharti Airtel Ltd | | 57,200 | 1,094,806 |
Vodafone Idea Ltd (b) | | 70,627,924 | 6,790,974 |
| | | 7,885,780 |
Consumer Discretionary - 0.2% | | | |
Automobiles - 0.0% | | | |
Hyundai Motor India Ltd (f) | | 49,749 | 1,068,565 |
Hyundai Motor India Ltd (f) | | 49,749 | 1,068,565 |
Hyundai Motor India Ltd | | 38,505 | 827,053 |
Mahindra & Mahindra Ltd | | 70,600 | 2,279,786 |
| | | 5,243,969 |
Broadline Retail - 0.0% | | | |
Lenskart Solutions Pvt Ltd (b)(c)(d) | | 1,852,090 | 5,357,699 |
Hotels, Restaurants & Leisure - 0.2% | | | |
MakeMyTrip Ltd (b) | | 23,100 | 2,344,419 |
Zomato Ltd (b) | | 1,938,800 | 5,562,282 |
| | | 7,906,701 |
TOTAL CONSUMER DISCRETIONARY | | | 18,508,369 |
| | | |
Consumer Staples - 0.0% | | | |
Food Products - 0.0% | | | |
Patanjali Foods Ltd | | 276,000 | 5,879,341 |
Energy - 0.2% | | | |
Oil, Gas & Consumable Fuels - 0.2% | | | |
Reliance Industries Ltd | | 548,849 | 8,678,155 |
Reliance Industries Ltd (b) | | 548,849 | 8,616,094 |
Reliance Industries Ltd GDR (g) | | 24,800 | 1,552,480 |
| | | 18,846,729 |
Financials - 0.1% | | | |
Banks - 0.0% | | | |
ICICI Bank Ltd ADR | | 58,200 | 1,769,862 |
Financial Services - 0.1% | | | |
Aditya Birla Capital Ltd (b) | | 615,200 | 1,483,344 |
Jio Financial Services Ltd (b) | | 726,649 | 2,779,228 |
| | | 4,262,572 |
TOTAL FINANCIALS | | | 6,032,434 |
| | | |
Industrials - 0.0% | | | |
Aerospace & Defense - 0.0% | | | |
Hindustan Aeronautics Ltd (h) | | 19,700 | 991,315 |
Construction & Engineering - 0.0% | | | |
Larsen & Toubro Ltd | | 82,900 | 3,561,017 |
Transportation Infrastructure - 0.0% | | | |
JSW Infrastructure Ltd | | 320,400 | 1,193,844 |
TOTAL INDUSTRIALS | | | 5,746,176 |
| | | |
Materials - 0.1% | | | |
Construction Materials - 0.0% | | | |
Grasim Industries Ltd | | 100,100 | 3,205,682 |
Metals & Mining - 0.1% | | | |
Hindalco Industries Ltd | | 136,700 | 1,109,210 |
Welspun Corp Ltd | | 521,700 | 4,491,265 |
| | | 5,600,475 |
TOTAL MATERIALS | | | 8,806,157 |
| | | |
TOTAL INDIA | | | 77,253,888 |
ISRAEL - 0.1% | | | |
Consumer Staples - 0.0% | | | |
Personal Care Products - 0.0% | | | |
Oddity Tech Ltd Class A (b) | | 61,224 | 2,350,389 |
Health Care - 0.1% | | | |
Pharmaceuticals - 0.1% | | | |
Teva Pharmaceutical Industries Ltd ADR (b) | | 682,100 | 12,577,925 |
Information Technology - 0.0% | | | |
Semiconductors & Semiconductor Equipment - 0.0% | | | |
Xsight Labs Ltd warrants 1/11/2034 (b)(c)(d) | | 15,421 | 44,258 |
TOTAL ISRAEL | | | 14,972,572 |
JAPAN - 0.0% | | | |
Consumer Discretionary - 0.0% | | | |
Textiles, Apparel & Luxury Goods - 0.0% | | | |
Asics Corp | | 60,000 | 1,048,013 |
Industrials - 0.0% | | | |
Machinery - 0.0% | | | |
Mitsubishi Heavy Industries Ltd | | 113,300 | 1,599,451 |
Information Technology - 0.0% | | | |
Semiconductors & Semiconductor Equipment - 0.0% | | | |
Allegro MicroSystems Inc (b) | | 160,200 | 3,338,568 |
TOTAL JAPAN | | | 5,986,032 |
LUXEMBOURG - 0.0% | | | |
Consumer Discretionary - 0.0% | | | |
Textiles, Apparel & Luxury Goods - 0.0% | | | |
Birkenstock Holding Plc (b) | | 26,374 | 1,213,204 |
Financials - 0.0% | | | |
Capital Markets - 0.0% | | | |
CVC Capital Partners PLC (b)(g)(h) | | 232,373 | 4,875,812 |
TOTAL LUXEMBOURG | | | 6,089,016 |
NETHERLANDS - 0.2% | | | |
Information Technology - 0.2% | | | |
Semiconductors & Semiconductor Equipment - 0.2% | | | |
ASML Holding NV depository receipt | | 27,700 | 18,629,635 |
SWITZERLAND - 0.2% | | | |
Consumer Discretionary - 0.2% | | | |
Textiles, Apparel & Luxury Goods - 0.2% | | | |
Cie Financiere Richemont SA Series A | | 23,790 | 3,463,836 |
On Holding AG Class A (b) | | 288,600 | 13,685,412 |
| | | 17,149,248 |
Health Care - 0.0% | | | |
Pharmaceuticals - 0.0% | | | |
Galderma Group AG (b) | | 34,400 | 3,219,112 |
TOTAL SWITZERLAND | | | 20,368,360 |
TAIWAN - 0.9% | | | |
Information Technology - 0.9% | | | |
Semiconductors & Semiconductor Equipment - 0.9% | | | |
Taiwan Semiconductor Manufacturing Co Ltd ADR | | 535,700 | 102,072,278 |
UNITED KINGDOM - 0.2% | | | |
Consumer Discretionary - 0.2% | | | |
Hotels, Restaurants & Leisure - 0.2% | | | |
Flutter Entertainment PLC (b) | | 35,400 | 8,240,058 |
Flutter Entertainment PLC (United Kingdom) (b) | | 41,300 | 9,660,328 |
| | | 17,900,386 |
Financials - 0.0% | | | |
Capital Markets - 0.0% | | | |
3i Group PLC | | 142,589 | 5,847,249 |
TOTAL UNITED KINGDOM | | | 23,747,635 |
UNITED STATES - 92.7% | | | |
Communication Services - 15.7% | | | |
Entertainment - 2.6% | | | |
Netflix Inc (b) | | 333,624 | 252,229,753 |
ROBLOX Corp Class A (b) | | 198,000 | 10,240,560 |
Roku Inc Class A (b) | | 251,000 | 16,084,080 |
Spotify Technology SA (b) | | 28,600 | 11,013,860 |
Take-Two Interactive Software Inc (b) | | 23,100 | 3,735,732 |
Walt Disney Co/The | | 85,100 | 8,186,620 |
| | | 301,490,605 |
Interactive Media & Services - 13.0% | | | |
Alphabet Inc Class A | | 4,279,160 | 732,207,068 |
Epic Games Inc (b)(c)(d) | | 1,076 | 645,599 |
Meta Platforms Inc Class A | | 994,710 | 564,577,502 |
Reddit Inc Class A | | 35,300 | 4,211,290 |
Reddit Inc Class B (b) | | 134,285 | 16,020,201 |
Snap Inc Class A (b) | | 15,003,200 | 182,438,912 |
| | | 1,500,100,572 |
Media - 0.0% | | | |
Trade Desk Inc (The) Class A (b) | | 41,700 | 5,012,757 |
Wireless Telecommunication Services - 0.1% | | | |
T-Mobile US Inc | | 38,300 | 8,547,028 |
TOTAL COMMUNICATION SERVICES | | | 1,815,150,962 |
| | | |
Consumer Discretionary - 17.7% | | | |
Automobiles - 1.1% | | | |
Neutron Holdings Inc (b)(c)(d) | | 691,699 | 30,019 |
Rad Power Bikes Inc (b)(c)(d) | | 110,210 | 27,553 |
Rad Power Bikes Inc warrants 10/6/2033 (b)(c)(d) | | 74,246 | 45,290 |
Rivian Automotive Inc Class A (b)(e) | | 1,419,695 | 14,338,920 |
Tesla Inc (b) | | 453,605 | 113,333,209 |
| | | 127,774,991 |
Broadline Retail - 8.0% | | | |
Amazon.com Inc (b) | | 4,915,400 | 916,230,561 |
Ollie's Bargain Outlet Holdings Inc (b) | | 59,100 | 5,427,153 |
| | | 921,657,714 |
Diversified Consumer Services - 0.1% | | | |
Duolingo Inc Class A (b) | | 21,400 | 6,269,558 |
Hotels, Restaurants & Leisure - 2.2% | | | |
Airbnb Inc Class A (b) | | 285,100 | 38,428,629 |
Booking Holdings Inc | | 1,300 | 6,079,125 |
Brinker International Inc (b) | | 120,300 | 12,356,013 |
Carnival Corp (b) | | 209,500 | 4,609,000 |
Cava Group Inc (b) | | 34,000 | 4,541,040 |
Chipotle Mexican Grill Inc (b) | | 934,800 | 52,133,796 |
DoorDash Inc Class A (b) | | 25,600 | 4,011,520 |
DraftKings Inc Class A (b) | | 541,500 | 19,125,780 |
McDonald's Corp | | 43,600 | 12,735,996 |
Penn Entertainment Inc (b) | | 415,543 | 8,206,974 |
Planet Fitness Inc Class A (b) | | 82,900 | 6,509,308 |
Royal Caribbean Cruises Ltd | | 26,300 | 5,427,005 |
Starbucks Corp | | 561,000 | 54,809,700 |
Sweetgreen Inc Class A (b) | | 511,081 | 18,450,024 |
Texas Roadhouse Inc | | 16,700 | 3,191,704 |
Viking Holdings Ltd | | 111,600 | 4,380,300 |
Wingstop Inc | | 6,700 | 1,927,523 |
| | | 256,923,437 |
Household Durables - 0.6% | | | |
DR Horton Inc | | 61,300 | 10,359,700 |
PulteGroup Inc | | 79,500 | 10,297,635 |
SharkNinja Inc | | 486,700 | 44,878,607 |
Toll Brothers Inc | | 25,400 | 3,719,576 |
| | | 69,255,518 |
Specialty Retail - 3.9% | | | |
Abercrombie & Fitch Co Class A (b) | | 289,625 | 38,169,679 |
American Eagle Outfitters Inc | | 801,186 | 15,695,234 |
Bath & Body Works Inc | | 89,800 | 2,548,524 |
Carvana Co Class A (b) | | 384,100 | 94,991,771 |
Chewy Inc Class A (b) | | 129,800 | 3,500,706 |
Dick's Sporting Goods Inc | | 105,400 | 20,632,050 |
Fanatics Inc Class A (b)(c)(d) | | 159,285 | 11,740,897 |
Five Below Inc (b) | | 119,484 | 11,325,888 |
Floor & Decor Holdings Inc Class A (b) | | 12,400 | 1,277,820 |
Foot Locker Inc | | 13,600 | 315,384 |
Home Depot Inc/The | | 28,600 | 11,261,250 |
Lowe's Cos Inc | | 396,506 | 103,817,166 |
RH (b) | | 178,604 | 56,805,002 |
TJX Cos Inc/The | | 472,300 | 53,384,069 |
Victoria's Secret & Co (b) | | 272,400 | 8,242,824 |
Warby Parker Inc Class A (b) | | 336,679 | 5,699,975 |
Wayfair Inc Class A (b) | | 288,820 | 12,370,161 |
Williams-Sonoma Inc | | 36,200 | 4,855,506 |
| | | 456,633,906 |
Textiles, Apparel & Luxury Goods - 1.8% | | | |
Crocs Inc (b) | | 81,984 | 8,839,515 |
Deckers Outdoor Corp (b) | | 543,096 | 87,378,715 |
Lululemon Athletica Inc (b) | | 194,874 | 58,052,965 |
NIKE Inc Class B | | 330,313 | 25,477,042 |
Ralph Lauren Corp Class A | | 17,400 | 3,443,981 |
Tory Burch LLC Class A (b)(c)(d) | | 106,817 | 4,158,386 |
Under Armour Inc Class A (b) | | 1,967,600 | 16,822,980 |
VF Corp | | 315,900 | 6,542,289 |
| | | 210,715,873 |
TOTAL CONSUMER DISCRETIONARY | | | 2,049,230,997 |
| | | |
Consumer Staples - 0.7% | | | |
Consumer Staples Distribution & Retail - 0.5% | | | |
BJ's Wholesale Club Holdings Inc (b) | | 27,400 | 2,321,602 |
Costco Wholesale Corp | | 7,300 | 6,381,514 |
Target Corp | | 50,200 | 7,532,008 |
Walmart Inc | | 496,300 | 40,671,785 |
| | | 56,906,909 |
Food Products - 0.0% | | | |
Real Good Food Co Inc/The Class A (b)(e) | | 49,300 | 16,274 |
Personal Care Products - 0.1% | | | |
Kenvue Inc | | 297,000 | 6,810,210 |
Tobacco - 0.1% | | | |
JUUL Labs Inc Class A (b)(c)(d) | | 5,076,784 | 5,127,552 |
JUUL Labs Inc Class B (b)(c)(d) | | 2,450 | 2,474 |
Philip Morris International Inc | | 85,400 | 11,332,580 |
| | | 16,462,606 |
TOTAL CONSUMER STAPLES | | | 80,195,999 |
| | | |
Energy - 0.3% | | | |
Oil, Gas & Consumable Fuels - 0.3% | | | |
Diamondback Energy Inc | | 130,800 | 23,121,516 |
EOG Resources Inc | | 137,000 | 16,708,520 |
| | | 39,830,036 |
Financials - 3.6% | | | |
Banks - 0.3% | | | |
Citigroup Inc | | 266,300 | 17,088,471 |
M&T Bank Corp | | 23,700 | 4,613,916 |
US Bancorp | | 79,700 | 3,850,307 |
Wells Fargo & Co | | 63,500 | 4,122,420 |
| | | 29,675,114 |
Capital Markets - 1.2% | | | |
Ares Management Corp Class A | | 14,200 | 2,381,056 |
Bank of New York Mellon Corp/The | | 31,600 | 2,381,376 |
Blue Owl Capital Inc Class A | | 658,700 | 14,728,532 |
Coinbase Global Inc Class A (b) | | 203,400 | 36,459,450 |
Goldman Sachs Group Inc/The | | 53,000 | 27,442,870 |
Interactive Brokers Group Inc Class A | | 9,100 | 1,388,478 |
Jefferies Financial Group Inc | | 78,000 | 4,990,440 |
KKR & Co Inc Class A | | 94,200 | 13,022,208 |
Moody's Corp | | 26,792 | 12,164,640 |
Morgan Stanley | | 122,300 | 14,217,375 |
Nasdaq Inc | | 15,500 | 1,145,760 |
Robinhood Markets Inc Class A (b) | | 117,600 | 2,762,424 |
| | | 133,084,609 |
Consumer Finance - 0.3% | | | |
American Express Co | | 142,800 | 38,567,424 |
Financial Services - 1.7% | | | |
Affirm Holdings Inc Class A (b) | | 105,500 | 4,626,175 |
Apollo Global Management Inc | | 86,000 | 12,320,360 |
Berkshire Hathaway Inc Class B (b) | | 7,300 | 3,291,716 |
Block Inc Class A (b) | | 350,200 | 25,326,464 |
Fiserv Inc (b) | | 17,500 | 3,463,250 |
Mastercard Inc Class A | | 221,600 | 110,709,144 |
PayPal Holdings Inc (b) | | 35,100 | 2,783,430 |
Rocket Cos Inc Class A (b) | | 6,997 | 112,652 |
Toast Inc Class A (b) | | 268,300 | 8,057,049 |
Visa Inc Class A | | 84,000 | 24,347,400 |
| | | 195,037,640 |
Insurance - 0.1% | | | |
Progressive Corp/The | | 96,300 | 23,384,529 |
The Travelers Companies, Inc. | | 4,600 | 1,131,323 |
| | | 24,515,852 |
TOTAL FINANCIALS | | | 420,880,639 |
| | | |
Health Care - 7.0% | | | |
Biotechnology - 1.1% | | | |
Alnylam Pharmaceuticals Inc (b) | | 30,481 | 8,125,930 |
Apogee Therapeutics Inc (b) | | 51,300 | 2,669,652 |
Arcellx Inc (b) | | 15,400 | 1,297,758 |
Avidity Biosciences Inc (b) | | 37,900 | 1,601,654 |
Cibus Inc Class A (b) | | 32,171 | 128,362 |
Exact Sciences Corp (b) | | 81,200 | 5,597,116 |
Gilead Sciences Inc | | 85,300 | 7,576,346 |
Janux Therapeutics Inc (b) | | 21,800 | 1,176,982 |
Legend Biotech Corp ADR (b) | | 85,600 | 3,853,712 |
Madrigal Pharmaceuticals Inc (b) | | 5,700 | 1,478,238 |
Moderna Inc (b) | | 96,300 | 5,234,868 |
MoonLake Immunotherapeutics Class A (b) | | 81,300 | 3,773,946 |
Natera Inc (b) | | 36,100 | 4,366,656 |
Nurix Therapeutics Inc (b) | | 14,100 | 346,578 |
Regeneron Pharmaceuticals Inc (b) | | 87,400 | 73,258,680 |
Scholar Rock Holding Corp (b) | | 71,500 | 2,033,460 |
Summit Therapeutics Inc (b) | | 30,100 | 559,559 |
Viking Therapeutics Inc (b) | | 124,500 | 9,031,230 |
| | | 132,110,727 |
Health Care Equipment & Supplies - 1.4% | | | |
Blink Health LLC Class A1 (b)(c)(d) | | 8,180 | 325,073 |
Boston Scientific Corp (b) | | 979,500 | 82,297,590 |
Glaukos Corp (b) | | 33,700 | 4,456,825 |
Insulet Corp (b) | | 40,500 | 9,376,965 |
Intuitive Surgical Inc (b) | | 92,100 | 46,403,664 |
Masimo Corp (b) | | 24,800 | 3,571,448 |
Stryker Corp | | 52,400 | 18,669,072 |
| | | 165,100,637 |
Health Care Providers & Services - 1.0% | | | |
Tenet Healthcare Corp (b) | | 91,900 | 14,246,338 |
UnitedHealth Group Inc | | 174,400 | 98,448,800 |
| | | 112,695,138 |
Health Care Technology - 0.0% | | | |
Multiplan Corp warrants (b)(d) | | 24,206 | 0 |
Life Sciences Tools & Services - 0.3% | | | |
Danaher Corp | | 104,300 | 25,622,338 |
Revvity Inc | | 4,100 | 486,219 |
Thermo Fisher Scientific Inc | | 13,500 | 7,375,320 |
| | | 33,483,877 |
Pharmaceuticals - 3.2% | | | |
Eli Lilly & Co | | 365,379 | 303,169,572 |
Merck & Co Inc | | 172,000 | 17,599,040 |
Structure Therapeutics Inc ADR (b) | | 18,800 | 773,620 |
Zoetis Inc Class A | | 235,279 | 42,063,180 |
| | | 363,605,412 |
TOTAL HEALTH CARE | | | 806,995,791 |
| | | |
Industrials - 4.1% | | | |
Aerospace & Defense - 1.3% | | | |
Axon Enterprise Inc (b) | | 16,400 | 6,945,400 |
Boeing Co (b) | | 357,480 | 53,375,339 |
GE Aerospace | | 142,000 | 24,392,760 |
Howmet Aerospace Inc | | 175,400 | 17,490,888 |
Space Exploration Technologies Corp (b)(c)(d) | | 227,030 | 26,544,348 |
Space Exploration Technologies Corp Class C (b)(c)(d) | | 6,860 | 802,071 |
Spirit AeroSystems Holdings Inc Class A (b) | | 150,600 | 4,874,922 |
Standardaero Inc | | 57,200 | 1,650,220 |
TransDigm Group Inc | | 5,400 | 7,032,420 |
| | | 143,108,368 |
Air Freight & Logistics - 0.0% | | | |
CH Robinson Worldwide Inc | | 55,500 | 5,718,720 |
Building Products - 0.2% | | | |
AZEK Co Inc/The Class A (b) | | 72,900 | 3,207,600 |
Builders FirstSource Inc (b) | | 43,700 | 7,490,180 |
Fortune Brands Innovations Inc | | 69,500 | 5,791,435 |
Lennox International Inc | | 2,600 | 1,566,682 |
Trane Technologies PLC | | 11,200 | 4,145,792 |
| | | 22,201,689 |
Commercial Services & Supplies - 0.0% | | | |
ACV Auctions Inc Class A (b) | | 167,100 | 2,889,159 |
Construction & Engineering - 0.1% | | | |
EMCOR Group Inc | | 11,900 | 5,308,233 |
Fluor Corp (b) | | 73,800 | 3,858,264 |
| | | 9,166,497 |
Electrical Equipment - 0.3% | | | |
Acuity Brands Inc | | 17,400 | 5,232,006 |
Eaton Corp PLC | | 32,800 | 10,875,824 |
GE Vernova Inc | | 44,800 | 13,514,368 |
Vertiv Holdings Co Class A | | 40,400 | 4,415,316 |
| | | 34,037,514 |
Ground Transportation - 1.6% | | | |
Avis Budget Group Inc | | 27,600 | 2,290,800 |
Bird Global Inc Stage 1 rights (b)(c) | | 549 | 0 |
Bird Global Inc Stage 2 rights (b)(c) | | 549 | 0 |
Bird Global Inc Stage 3 rights (b)(c) | | 549 | 0 |
Lyft Inc Class A (b) | | 3,638,989 | 47,197,687 |
Uber Technologies Inc (b) | | 1,659,775 | 119,586,789 |
| | | 169,075,276 |
Industrial Conglomerates - 0.0% | | | |
3M Co | | 39,000 | 5,010,330 |
Machinery - 0.0% | | | |
Chart Industries Inc (b) | | 11,800 | 1,424,496 |
Passenger Airlines - 0.2% | | | |
Delta Air Lines Inc | | 165,200 | 9,452,744 |
United Airlines Holdings Inc (b) | | 209,500 | 16,395,470 |
| | | 25,848,214 |
Professional Services - 0.0% | | | |
Parsons Corp (b) | | 14,900 | 1,611,584 |
Trading Companies & Distributors - 0.4% | | | |
Ferguson Enterprises Inc | | 53,300 | 10,486,242 |
FTAI Aviation Ltd | | 270,300 | 36,339,132 |
Watsco Inc | | 6,200 | 2,932,662 |
| | | 49,758,036 |
TOTAL INDUSTRIALS | | | 469,849,883 |
| | | |
Information Technology - 42.5% | | | |
Communications Equipment - 0.1% | | | |
Arista Networks Inc (b) | | 29,700 | 11,477,268 |
Ciena Corp (b) | | 129,200 | 8,205,492 |
| | | 19,682,760 |
Electronic Equipment, Instruments & Components - 0.3% | | | |
Amphenol Corp Class A | | 191,100 | 12,807,522 |
Coherent Corp (b) | | 74,300 | 6,868,292 |
Corning Inc | | 238,600 | 11,354,974 |
| | | 31,030,788 |
IT Services - 0.4% | | | |
Okta Inc Class A (b) | | 431,700 | 31,034,913 |
Snowflake Inc Class A (b) | | 99,300 | 11,401,626 |
| | | 42,436,539 |
Semiconductors & Semiconductor Equipment - 20.4% | | | |
Advanced Micro Devices Inc (b) | | 262,519 | 37,821,112 |
Astera Labs Inc (b) | | 180,133 | 12,638,131 |
Broadcom Inc | | 639,500 | 108,567,915 |
Enphase Energy Inc (b) | | 40,800 | 3,388,032 |
First Solar Inc (b) | | 53,400 | 10,385,232 |
GlobalFoundries Inc (b) | | 839,660 | 30,647,590 |
Impinj Inc (b) | | 49,400 | 9,385,506 |
Lam Research Corp | | 75,600 | 5,620,860 |
Marvell Technology Inc | | 4,982,295 | 399,131,652 |
Micron Technology Inc | | 97,400 | 9,705,910 |
Monolithic Power Systems Inc | | 61,900 | 47,000,670 |
NVIDIA Corp | | 12,188,160 | 1,618,100,123 |
ON Semiconductor Corp (b) | | 786,413 | 55,434,252 |
Teradyne Inc | | 121,490 | 12,903,453 |
| | | 2,360,730,438 |
Software - 10.0% | | | |
Applied Intuition Inc Class A (c)(d) | | 5,601 | 334,380 |
AppLovin Corp Class A (b) | | 443,000 | 75,039,770 |
Atom Tickets LLC (b)(c)(d) | | 344,068 | 2 |
Coreweave Inc Class A (c) | | 26,920 | 22,804,201 |
Datadog Inc Class A (b) | | 94,600 | 11,866,624 |
DocuSign Inc (b) | | 9,900 | 686,862 |
Figma Inc Class A (c)(d) | | 43,744 | 1,064,292 |
HubSpot Inc (b) | | 48,092 | 26,680,961 |
Klaviyo Inc Class A (b)(e) | | 38,800 | 1,475,564 |
Life360 Inc (b) | | 70,700 | 3,030,909 |
Microsoft Corp | | 2,123,800 | 863,006,130 |
OpenAI Global LLC rights (b)(c)(d) | | 5,005,573 | 5,005,573 |
Oracle Corp | | 155,100 | 26,031,984 |
Servicenow Inc (b) | | 107,423 | 100,224,585 |
Stripe Inc Class B (b)(c)(d) | | 19,900 | 547,449 |
Synopsys Inc (b) | | 12,300 | 6,317,403 |
Tanium Inc Class B (b)(c)(d) | | 151,000 | 1,322,760 |
Zoom Video Communications Inc Class A (b) | | 145,300 | 10,859,722 |
Zscaler Inc (b) | | 8,600 | 1,554,794 |
| | | 1,157,853,965 |
Technology Hardware, Storage & Peripherals - 11.3% | | | |
Apple Inc | | 5,648,436 | 1,276,038,177 |
Dell Technologies Inc Class C | | 121,300 | 14,996,319 |
Western Digital Corp (b) | | 202,500 | 13,225,275 |
| | | 1,304,259,771 |
TOTAL INFORMATION TECHNOLOGY | | | 4,915,994,261 |
| | | |
Materials - 0.7% | | | |
Chemicals - 0.1% | | | |
Linde PLC | | 12,900 | 5,884,335 |
Sherwin-Williams Co/The | | 25,300 | 9,076,881 |
Westlake Corp | | 11,300 | 1,490,922 |
| | | 16,452,138 |
Construction Materials - 0.2% | | | |
CRH PLC | | 50,700 | 4,838,301 |
Eagle Materials Inc | | 24,900 | 7,107,954 |
Martin Marietta Materials Inc | | 8,700 | 5,153,358 |
Vulcan Materials Co | | 23,200 | 6,355,176 |
| | | 23,454,789 |
Containers & Packaging - 0.1% | | | |
AptarGroup Inc | | 10,300 | 1,729,473 |
Crown Holdings Inc | | 25,700 | 2,404,235 |
Smurfit WestRock PLC | | 104,200 | 5,366,300 |
| | | 9,500,008 |
Metals & Mining - 0.3% | | | |
ATI Inc (b) | | 128,200 | 6,757,422 |
Carpenter Technology Corp | | 141,000 | 21,079,500 |
| | | 27,836,922 |
TOTAL MATERIALS | | | 77,243,857 |
| | | |
Real Estate - 0.4% | | | |
Health Care REITs - 0.3% | | | |
Welltower Inc | | 234,600 | 31,642,848 |
Real Estate Management & Development - 0.1% | | | |
Zillow Group Inc Class C (b) | | 159,200 | 9,566,328 |
TOTAL REAL ESTATE | | | 41,209,176 |
| | | |
TOTAL UNITED STATES | | | 10,716,581,601 |
TOTAL COMMON STOCKS (Cost $5,066,212,567) | | | 11,357,607,599 |
| | | |
Convertible Preferred Stocks - 1.4% |
| | Shares | Value ($) |
CHINA - 0.1% | | | |
Communication Services - 0.1% | | | |
Interactive Media & Services - 0.1% | | | |
ByteDance Ltd Series E1 (b)(c)(d) | | 37,119 | 9,248,941 |
ESTONIA - 0.0% | | | |
Information Technology - 0.0% | | | |
Software - 0.0% | | | |
Bolt Technology OU Series E (b)(c)(d) | | 18,160 | 3,333,212 |
INDIA - 0.0% | | | |
Consumer Discretionary - 0.0% | | | |
Broadline Retail - 0.0% | | | |
Meesho (c)(d) | | 32,839 | 1,823,550 |
Meesho (c)(d) | | 5,470 | 303,749 |
Meesho Series F (b)(c)(d) | | 5,077 | 286,850 |
| | | |
TOTAL INDIA | | | 2,414,149 |
ISRAEL - 0.0% | | | |
Information Technology - 0.0% | | | |
Semiconductors & Semiconductor Equipment - 0.0% | | | |
Xsight Labs Ltd Series D (b)(c)(d) | | 140,500 | 890,770 |
Xsight Labs Ltd Series D1 (c)(d) | | 51,402 | 458,506 |
| | | |
TOTAL ISRAEL | | | 1,349,276 |
UNITED STATES - 1.3% | | | |
Consumer Discretionary - 0.0% | | | |
Automobiles - 0.0% | | | |
Neutron Holdings Inc Series 1C (b)(c)(d) | | 12,405,800 | 538,412 |
Rad Power Bikes Inc Series A (b)(c)(d) | | 14,368 | 3,592 |
Rad Power Bikes Inc Series C (b)(c)(d) | | 56,537 | 37,314 |
Waymo LLC (c)(d) | | 25,928 | 2,022,643 |
Waymo LLC Series A2 (b)(c)(d) | | 15,200 | 969,456 |
| | | 3,571,417 |
Consumer Staples - 0.0% | | | |
Consumer Staples Distribution & Retail - 0.0% | | | |
GoBrands Inc Series G (b)(c)(d) | | 19,600 | 737,548 |
Food Products - 0.0% | | | |
AgBiome LLC Series C (b)(c)(d) | | 266,499 | 3 |
Tobacco - 0.0% | | | |
JUUL Labs Inc Series C (b)(c)(d) | | 660,029 | 666,629 |
JUUL Labs Inc Series D (b)(c)(d) | | 5,110 | 5,161 |
| | | 671,790 |
Financials - 0.0% | | | |
Financial Services - 0.0% | | | |
Akeana Series C (c)(d) | | 65,000 | 837,200 |
Tenstorrent Holdings Inc Series D1 (c)(d) | | 16,400 | 1,293,960 |
| | | 2,131,160 |
Health Care - 0.0% | | | |
Biotechnology - 0.0% | | | |
Castle Creek Biosciences Inc Series B (b)(c)(d) | | 1,069 | 233,053 |
Castle Creek Biosciences Inc Series D2 (b)(c)(d) | | 642 | 131,539 |
| | | 364,592 |
Health Care Equipment & Supplies - 0.0% | | | |
Blink Health LLC Series C (b)(c)(d) | | 27,197 | 1,080,809 |
Blink Health LLC Series D (c)(d) | | 5,797 | 230,373 |
| | | 1,311,182 |
TOTAL HEALTH CARE | | | 1,675,774 |
| | | |
Industrials - 0.8% | | | |
Aerospace & Defense - 0.8% | | | |
Anduril Industries Inc (c)(d) | | 87,397 | 2,045,964 |
Space Exploration Technologies Corp Series G (b)(c)(d) | | 43,447 | 50,798,233 |
Space Exploration Technologies Corp Series H (b)(c)(d) | | 6,348 | 7,422,082 |
Space Exploration Technologies Corp Series J (b)(c)(d) | | 5,376 | 6,285,619 |
Space Exploration Technologies Corp Series N (b)(c)(d) | | 12,799 | 14,964,591 |
| | | 81,516,489 |
Air Freight & Logistics - 0.0% | | | |
Zipline International Inc Series G (c)(d) | | 46,703 | 1,959,191 |
Construction & Engineering - 0.0% | | | |
Beta Technologies Inc Series A (b)(c)(d) | | 12,033 | 1,377,418 |
Beta Technologies Inc Series C, 6% (c)(d) | | 4,429 | 506,987 |
| | | 1,884,405 |
TOTAL INDUSTRIALS | | | 85,360,085 |
| | | |
Information Technology - 0.5% | | | |
Electronic Equipment, Instruments & Components - 0.0% | | | |
Enevate Corp Series E (b)(c)(d) | | 1,441,706 | 865,023 |
Frore Systems Inc Series C (c)(d) | | 63,198 | 1,022,544 |
| | | 1,887,567 |
Semiconductors & Semiconductor Equipment - 0.0% | | | |
Retym Inc Series C (b)(c)(d) | | 168,905 | 1,459,339 |
Software - 0.4% | | | |
Anthropic PBC Series D (c)(d) | | 67,650 | 2,396,840 |
Applied Intuition Inc Series A2 (c)(d) | | 7,292 | 435,332 |
Applied Intuition Inc Series B2 (c)(d) | | 3,516 | 209,905 |
Coreweave Inc Series C (c)(d) | | 1,727 | 1,699,662 |
Databricks Inc Series G (b)(c)(d) | | 51,900 | 4,254,243 |
Databricks Inc Series I (b)(c)(d) | | 1,191 | 97,626 |
Dataminr Inc Series D, 8% (b)(c)(d) | | 115,901 | 1,515,985 |
Lyte Ai Inc (c)(d) | | 117,675 | 1,488,589 |
MOLOCO Inc Series A (b)(c)(d) | | 19,537 | 1,081,764 |
Runway AI Inc (c)(d) | | 9,191 | 996,488 |
Stripe Inc Series H (b)(c)(d) | | 8,700 | 239,337 |
Stripe Inc Series I (b)(c)(d) | | 135,124 | 3,717,261 |
xAI Corp Series B (c)(d) | | 635,731 | 12,937,126 |
| | | 31,070,158 |
Technology Hardware, Storage & Peripherals - 0.1% | | | |
Lightmatter Inc (c)(d) | | 62,356 | 5,002,853 |
Lightmatter Inc Series C1 (b)(c)(d) | | 77,697 | 5,027,773 |
Lightmatter Inc Series C2 (c)(d) | | 12,204 | 804,854 |
| | | 10,835,480 |
TOTAL INFORMATION TECHNOLOGY | | | 45,252,544 |
| | | |
Materials - 0.0% | | | |
Metals & Mining - 0.0% | | | |
Diamond Foundry Inc Series C (b)(c)(d) | | 125,000 | 3,450,000 |
TOTAL UNITED STATES | | | 142,850,321 |
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $83,615,326) | | | 159,195,899 |
| | | |