Polen Capital Management Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
AMZN	Sell	AMAZON COM INC	$4,754,052,902	-13.7%	37,398,151	-11.5%	12.50%	-8.4%
GOOG	Sell	ALPHABET INCcap stk cl c	$2,570,058,190	+4.5%	19,492,288	-4.1%	6.76%	+10.9%
NFLX	Sell	NETFLIX INC	$2,430,707,540	-16.5%	6,437,255	-2.6%	6.39%	-11.4%
MSFT	Sell	MICROSOFT CORP	$2,258,047,416	-10.7%	7,151,377	-3.7%	5.94%	-5.3%
NOW	Sell	SERVICENOW INC	$2,232,784,659	-5.7%	3,994,534	-5.2%	5.87%	-0.0%
ADBE	Sell	ADOBE INC	$2,204,834,451	-2.6%	4,324,053	-6.6%	5.80%	+3.3%
MA	Sell	MASTERCARD INCORPORATEDcl a	$1,899,586,591	-3.1%	4,798,026	-3.7%	5.00%	+2.8%
V	Sell	VISA INC	$1,740,984,299	-6.7%	7,569,168	-3.7%	4.58%	-1.0%
CRM	Sell	SALESFORCE INC	$1,553,373,082	-7.1%	7,660,386	-3.2%	4.08%	-1.4%
ACN	Sell	ACCENTURE PLC IRELAND	$1,532,465,482	-3.8%	4,989,956	-3.3%	4.03%	+2.1%
ABNB	Sell	AIRBNB INC	$1,519,060,652	+2.6%	11,071,064	-4.2%	4.00%	+8.8%
ABT	Sell	ABBOTT LABS	$1,305,609,294	-13.6%	13,480,736	-2.7%	3.43%	-8.4%
UNH	Sell	UNITEDHEALTH GROUP INC	$1,279,701,925	+0.2%	2,538,134	-4.4%	3.36%	+6.3%
PYPL	Sell	PAYPAL HLDGS INC	$1,267,743,983	-14.3%	21,685,665	-2.2%	3.33%	-9.1%
ADSK	Sell	AUTODESK INC	$1,106,922,223	-1.3%	5,349,776	-2.4%	2.91%	+4.7%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$1,088,785,598	-6.8%	2,151,028	-3.9%	2.86%	-1.1%
ZTS	Sell	ZOETIS INCcl a	$898,412,091	-3.4%	5,163,881	-4.3%	2.36%	+2.5%
WDAY	Buy	WORKDAY INCcl a	$848,726,169	-3.0%	3,950,320	+2.0%	2.23%	+2.9%
NVO	New	NOVO-NORDISK A Sadr	$718,994,845	–	7,906,255	–	1.89%	–
ILMN	Buy	ILLUMINA INC	$703,781,508	-26.4%	5,126,614	+0.6%	1.85%	-21.9%
IT	Sell	GARTNER INC	$658,077,925	-3.8%	1,915,189	-1.9%	1.73%	+2.1%
NKE	Sell	NIKE INCcl b	$588,760,668	-16.0%	6,157,296	-3.1%	1.55%	-10.9%
ALGN	Sell	ALIGN TECHNOLOGY INC	$471,466,405	-15.7%	1,544,171	-2.4%	1.24%	-10.6%
LLY	New	ELI LILLY & CO	$335,068,242	–	623,812	–	0.88%	–
ICLR	Sell	ICON PLC	$301,154,200	-17.9%	1,222,961	-16.6%	0.79%	-12.9%
GOOGL	Sell	ALPHABET INCcap stk cl a	$284,131,888	+5.2%	2,171,266	-3.8%	0.75%	+11.5%
AON	Buy	AON PLC	$264,333,486	-5.6%	815,290	+0.5%	0.70%	+0.1%
SAP	Sell	SAP SEspon adr	$163,289,024	-5.8%	1,262,674	-0.4%	0.43%	-0.2%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$120,413,571	+0.5%	500,514	-8.2%	0.32%	+6.7%
IWF	Buy	ISHARES TRrus 1000 grw etf	$79,662,406	+126.0%	299,494	+133.8%	0.21%	+140.2%
GLOB	Buy	GLOBANT S A	$72,906,110	+10.5%	368,492	+0.4%	0.19%	+17.1%
MSCI	New	MSCI INC	$71,443,638	–	139,245	–	0.19%	–
MDT	Buy	MEDTRONIC PLC	$62,279,667	-9.6%	794,789	+1.6%	0.16%	-4.1%
MELI	Buy	MERCADOLIBRE INC	$61,476,437	+7.3%	48,488	+0.2%	0.16%	+14.1%
SHOP	Buy	SHOPIFY INCcl a	$43,800,589	-13.8%	802,650	+2.0%	0.12%	-8.7%
UL	Buy	UNILEVER PLCspon adr new	$38,657,224	-3.1%	782,535	+2.3%	0.10%	+3.0%
ASML	Buy	ASML HOLDING N V	$38,393,417	-17.1%	65,222	+2.1%	0.10%	-12.2%
DLO	Buy	DLOCAL LTD	$36,869,143	+78.9%	1,923,273	+13.9%	0.10%	+90.2%
HDB	Buy	HDFC BANK LTDsponsored ads	$27,918,389	-13.2%	473,113	+2.5%	0.07%	-8.8%
TME	Buy	TENCENT MUSIC ENTMT GROUPspon ads	$22,446,429	-4.8%	3,518,249	+10.1%	0.06%	+1.7%
EL	Buy	LAUDER ESTEE COS INCcl a	$19,620,286	-21.5%	135,734	+6.7%	0.05%	-16.1%
GSHD	Sell	GOOSEHEAD INS INC	$16,536,221	+14.3%	221,873	-3.6%	0.04%	+19.4%
LVS	Sell	LAS VEGAS SANDS CORP	$14,617,505	-24.5%	318,881	-4.5%	0.04%	-20.8%
EPAM	Sell	EPAM SYS INC	$14,299,463	+8.8%	55,925	-4.4%	0.04%	+15.2%
ATHM	Sell	AUTOHOME INCsp ads rp cl a	$13,746,213	-0.3%	452,923	-4.2%	0.04%	+5.9%
HLI	Sell	HOULIHAN LOKEY INCcl a	$13,814,983	+7.4%	128,967	-1.5%	0.04%	+12.5%
FIVE	Buy	FIVE BELOW INC	$12,458,120	-13.2%	77,428	+6.0%	0.03%	-8.3%
ALIT	Buy	ALIGHT INC	$12,011,006	-5.5%	1,694,077	+23.1%	0.03%	0.0%
PGNY	Buy	PROGYNY INC	$11,878,542	+8.8%	349,163	+25.8%	0.03%	+14.8%
YUMC	Sell	YUM CHINA HLDGS INC	$11,747,280	-5.7%	210,827	-4.4%	0.03%	0.0%
YETI	Buy	YETI HLDGS INC	$11,390,404	+29.9%	236,217	+4.6%	0.03%	+36.4%
HLNE	Sell	HAMILTON LANE INCcl a	$10,382,048	+11.5%	114,795	-1.4%	0.03%	+17.4%
	Buy	CCC INTELLIGENT SOLUTIONS HL	$9,767,968	+34.8%	731,683	+13.2%	0.03%	+44.4%
FOXF	Sell	FOX FACTORY HLDG CORP	$8,954,025	-10.0%	90,372	-1.4%	0.02%	-4.0%
QLYS	Sell	QUALYS INC	$8,953,519	+15.6%	58,692	-2.1%	0.02%	+26.3%
ALRM	Sell	ALARM COM HLDGS INC	$8,647,312	+16.6%	141,435	-1.5%	0.02%	+27.8%
WING	Sell	WINGSTOP INC	$8,837,303	-11.5%	49,140	-1.6%	0.02%	-8.0%
APPF	Sell	APPFOLIO INC	$6,328,571	-7.9%	34,652	-13.2%	0.02%	0.0%
BL	Sell	BLACKLINE INC	$6,423,374	+1.4%	115,799	-1.6%	0.02%	+6.2%
BMBL	Buy	BUMBLE INC	$6,423,513	+6.9%	430,530	+20.3%	0.02%	+13.3%
RVLV	Buy	REVOLVE GROUP INCcl a	$6,575,026	-4.9%	483,103	+14.6%	0.02%	0.0%
EEFT	Sell	EURONET WORLDWIDE INC	$5,913,657	-33.9%	74,498	-2.2%	0.02%	-27.3%
FSV	Sell	FIRSTSERVICE CORP NEW	$5,844,756	-7.5%	40,159	-2.0%	0.02%	-6.2%
DAVA	Sell	ENDAVA PLCads	$5,702,111	+9.0%	99,427	-1.6%	0.02%	+15.4%
	New	CLEARWATER ANALYTICS HLDGS Icl a	$5,890,963	–	304,600	–	0.02%	–
XPEL	New	XPEL INC	$4,758,496	–	61,710	–	0.01%	–
	Buy	WARBY PARKER INC	$4,867,096	+26.6%	369,840	+12.5%	0.01%	+30.0%
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$4,899,509	–	56,381	–	0.01%	–
RH	Sell	RH	$4,865,301	-20.8%	18,404	-1.3%	0.01%	-13.3%
ACWI	Buy	ISHARES TRmsci acwi etf	$5,014,488	+111.1%	54,287	+119.3%	0.01%	+116.7%
DT	Buy	DYNATRACE INC	$5,054,130	-3.5%	108,156	+6.3%	0.01%	0.0%
TYL	Sell	TYLER TECHNOLOGIES INC	$4,811,304	-8.0%	12,460	-0.8%	0.01%	0.0%
DOCS	Buy	DOXIMITY INCcl a	$4,563,075	-30.4%	215,037	+11.6%	0.01%	-25.0%
PAYC	Buy	PAYCOM SOFTWARE INC	$4,494,186	-12.5%	17,334	+8.5%	0.01%	-7.7%
SITM	Sell	SITIME CORP	$3,940,752	-5.1%	34,492	-2.0%	0.01%	0.0%
SITE	Sell	SITEONE LANDSCAPE SUPPLY INC	$3,834,677	-4.5%	23,461	-2.2%	0.01%	0.0%
FND	Sell	FLOOR & DECOR HLDGS INCcl a	$3,847,789	-16.1%	42,517	-3.6%	0.01%	-9.1%
MORN	Buy	MORNINGSTAR INC	$3,293,649	+198.8%	14,061	+150.1%	0.01%	+200.0%
HELE	Sell	HELEN OF TROY LTD	$2,573,097	+6.0%	22,075	-1.7%	0.01%	+16.7%
TTD	Buy	THE TRADE DESK INC	$2,772,606	+2.2%	35,478	+1.0%	0.01%	0.0%
EXLS	New	EXLSERVICE HOLDINGS INC	$2,722,196	–	97,083	–	0.01%	–
AMN	Sell	AMN HEALTHCARE SVCS INC	$2,778,580	-23.9%	32,620	-2.5%	0.01%	-22.2%
VUG	Buy	VANGUARD INDEX FDSgrowth etf	$1,889,116	+137.8%	6,937	+147.0%	0.01%	+150.0%
TREX	Buy	TREX CO INC	$1,815,743	-5.1%	29,462	+1.0%	0.01%	0.0%
DOCU	Sell	DOCUSIGN INC	$1,821,383	-99.6%	43,366	-99.5%	0.01%	-99.5%
	Buy	ASPEN TECHNOLOGY INC	$1,537,874	+23.1%	7,529	+1.0%	0.00%	+33.3%
ETSY	Buy	ETSY INC	$1,209,196	-8.8%	18,724	+19.4%	0.00%	0.0%
MPWR	Buy	MONOLITHIC PWR SYS INC	$1,149,918	-13.6%	2,489	+1.0%	0.00%	0.0%
ACWX	Buy	ISHARES TRmsci acwi ex us	$1,085,649	+18.3%	23,094	+23.9%	0.00%	+50.0%
KARO	Sell	KAROOOOO LTD	$1,167,542	-59.0%	58,641	-51.8%	0.00%	-57.1%
CRL	Buy	CHARLES RIV LABS INTL INC	$980,880	-5.8%	5,005	+1.0%	0.00%	0.0%
FICO	Buy	FAIR ISAAC CORP	$756,490	+52.5%	871	+42.1%	0.00%	+100.0%
MKL	Buy	MARKEL GROUP INC	$736,245	+20.2%	500	+12.9%	0.00%	0.0%
CATH	Sell	GLOBAL X FDSs&p 500 catholic	$361,132	-85.8%	6,905	-85.3%	0.00%	-83.3%
TPIF	Sell	TIMOTHY PLANintl etf	$354,627	-10.5%	14,794	-5.8%	0.00%	0.0%
TPLC	Buy	TIMOTHY PLANus lrgmd cp core	$552,382	+5.6%	16,025	+10.2%	0.00%	0.0%
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-1,388	–	-0.00%	–
MYTE	Exit	MYT NETHERLANDS PARENT B Vads	$0	–	-51,576	–	-0.00%	–
CPRT	Exit	COPART INC	$0	–	-21,011	–	-0.01%	–
LESL	Exit	LESLIES INC	$0	–	-262,203	–	-0.01%	–
FTCH	Exit	FARFETCH LTDord sh cl a	$0	–	-486,386	–	-0.01%	–
	Exit	DOCGO INC	$0	–	-455,961	–	-0.01%	–
OLO	Exit	OLO INCcl a	$0	–	-694,005	–	-0.01%	–
ALTR	Exit	ALTAIR ENGR INC	$0	–	-67,792	–	-0.01%	–

Q2 2023

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$5,506,952,373	–	42,244,188	–	13.65%	–
NFLX	New	NETFLIX INC	$2,910,764,188	–	6,608,014	–	7.22%	–
MSFT	New	MICROSOFT CORP	$2,528,169,427	–	7,424,001	–	6.27%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,459,186,953	–	20,328,899	–	6.10%	–
NOW	New	SERVICENOW INC	$2,368,684,976	–	4,214,967	–	5.87%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$2,264,776,395	–	4,631,539	–	5.62%	–
MA	New	MASTERCARD INCORPORATEDcl a	$1,959,769,481	–	4,982,887	–	4.86%	–
V	New	VISA INC	$1,865,766,973	–	7,856,523	–	4.63%	–
CRM	New	SALESFORCE INC	$1,671,593,626	–	7,912,495	–	4.14%	–
ACN	New	ACCENTURE PLC IRELAND	$1,592,429,203	–	5,160,507	–	3.95%	–
ABT	New	ABBOTT LABS	$1,511,219,321	–	13,861,854	–	3.75%	–
ABNB	New	AIRBNB INC	$1,480,823,412	–	11,554,490	–	3.67%	–
PYPL	New	PAYPAL HLDGS INC	$1,478,938,633	–	22,163,025	–	3.67%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,276,711,346	–	2,656,274	–	3.16%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$1,168,015,294	–	2,238,649	–	2.90%	–
ADSK	New	AUTODESK INC	$1,121,367,271	–	5,480,511	–	2.78%	–
ILMN	New	ILLUMINA INC	$955,722,870	–	5,097,461	–	2.37%	–
ZTS	New	ZOETIS INCcl a	$929,575,390	–	5,397,918	–	2.30%	–
WDAY	New	WORKDAY INCcl a	$874,638,779	–	3,871,968	–	2.17%	–
NKE	New	NIKE INCcl b	$701,192,677	–	6,353,109	–	1.74%	–
IT	New	GARTNER INC	$684,104,758	–	1,952,855	–	1.70%	–
ALGN	New	ALIGN TECHNOLOGY INC	$559,485,633	–	1,582,077	–	1.39%	–
DOCU	New	DOCUSIGN INC	$432,937,358	–	8,474,014	–	1.07%	–
ICLR	New	ICON PLC	$366,798,511	–	1,466,021	–	0.91%	–
AON	New	AON PLC	$279,911,655	–	810,868	–	0.69%	–
GOOGL	New	ALPHABET INCcap stk cl a	$270,130,174	–	2,256,727	–	0.67%	–
SAP	New	SAP SEspon adr	$173,373,663	–	1,267,259	–	0.43%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$119,858,622	–	545,332	–	0.30%	–
MDT	New	MEDTRONIC PLC	$68,886,536	–	781,913	–	0.17%	–
GLOB	New	GLOBANT S A	$65,973,593	–	367,091	–	0.16%	–
MELI	New	MERCADOLIBRE INC	$57,317,469	–	48,386	–	0.14%	–
SHOP	New	SHOPIFY INCcl a	$50,814,612	–	786,604	–	0.13%	–
ASML	New	ASML HOLDING N V	$46,285,280	–	63,864	–	0.12%	–
UL	New	UNILEVER PLCspon adr new	$39,889,851	–	765,200	–	0.10%	–
IWF	New	ISHARES TRrus 1000 grw etf	$35,250,411	–	128,099	–	0.09%	–
HDB	New	HDFC BANK LTDsponsored ads	$32,176,124	–	461,637	–	0.08%	–
	New	FORUM ENERGY TECHNOLOGIES INnote 9.000% 8/0	$24,935,969	–	25,153,000	–	0.06%	–
EL	New	LAUDER ESTEE COS INCcl a	$24,987,401	–	127,240	–	0.06%	–
TME	New	TENCENT MUSIC ENTMT GROUPspon ads	$23,589,484	–	3,196,407	–	0.06%	–
DLO	New	DLOCAL LTD	$20,608,155	–	1,688,501	–	0.05%	–
LVS	New	LAS VEGAS SANDS CORP	$19,365,794	–	333,893	–	0.05%	–
FIVE	New	FIVE BELOW INC	$14,354,917	–	73,038	–	0.04%	–
GSHD	New	GOOSEHEAD INS INC	$14,471,098	–	230,102	–	0.04%	–
ATHM	New	AUTOHOME INCsp ads rp cl a	$13,792,884	–	473,007	–	0.03%	–
EPAM	New	EPAM SYS INC	$13,144,504	–	58,485	–	0.03%	–
ALIT	New	ALIGHT INC	$12,715,321	–	1,376,117	–	0.03%	–
HLI	New	HOULIHAN LOKEY INCcl a	$12,868,020	–	130,892	–	0.03%	–
YUMC	New	YUM CHINA HLDGS INC	$12,455,482	–	220,451	–	0.03%	–
PGNY	New	PROGYNY INC	$10,916,111	–	277,481	–	0.03%	–
WING	New	WINGSTOP INC	$9,990,854	–	49,914	–	0.02%	–
FOXF	New	FOX FACTORY HLDG CORP	$9,943,859	–	91,640	–	0.02%	–
HLNE	New	HAMILTON LANE INCcl a	$9,313,519	–	116,448	–	0.02%	–
YETI	New	YETI HLDGS INC	$8,769,519	–	225,786	–	0.02%	–
EEFT	New	EURONET WORLDWIDE INC	$8,944,544	–	76,208	–	0.02%	–
QLYS	New	QUALYS INC	$7,745,664	–	59,965	–	0.02%	–
	New	CCC INTELLIGENT SOLUTIONS HL	$7,245,166	–	646,313	–	0.02%	–
ALRM	New	ALARM COM HLDGS INC	$7,417,717	–	143,532	–	0.02%	–
APPF	New	APPFOLIO INC	$6,870,116	–	39,910	–	0.02%	–
RVLV	New	REVOLVE GROUP INCcl a	$6,914,310	–	421,604	–	0.02%	–
DOCS	New	DOXIMITY INCcl a	$6,554,300	–	192,660	–	0.02%	–
FSV	New	FIRSTSERVICE CORP NEW	$6,315,428	–	40,985	–	0.02%	–
BL	New	BLACKLINE INC	$6,332,416	–	117,659	–	0.02%	–
BMBL	New	BUMBLE INC	$6,006,863	–	357,978	–	0.02%	–
RH	New	RH	$6,144,494	–	18,643	–	0.02%	–
ALTR	New	ALTAIR ENGR INC	$5,141,354	–	67,792	–	0.01%	–
DT	New	DYNATRACE INC	$5,234,756	–	101,705	–	0.01%	–
TYL	New	TYLER TECHNOLOGIES INC	$5,230,863	–	12,560	–	0.01%	–
PAYC	New	PAYCOM SOFTWARE INC	$5,134,058	–	15,982	–	0.01%	–
DAVA	New	ENDAVA PLCads	$5,232,320	–	101,030	–	0.01%	–
	New	DOCGO INC	$4,272,356	–	455,961	–	0.01%	–
OLO	New	OLO INCcl a	$4,483,270	–	694,005	–	0.01%	–
FND	New	FLOOR & DECOR HLDGS INCcl a	$4,584,636	–	44,100	–	0.01%	–
SITM	New	SITIME CORP	$4,150,601	–	35,184	–	0.01%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC	$4,016,377	–	23,998	–	0.01%	–
	New	WARBY PARKER INC	$3,844,352	–	328,858	–	0.01%	–
AMN	New	AMN HEALTHCARE SVCS INC	$3,649,210	–	33,442	–	0.01%	–
KARO	New	KAROOOOO LTD	$2,847,242	–	121,677	–	0.01%	–
FTCH	New	FARFETCH LTDord sh cl a	$2,937,770	–	486,386	–	0.01%	–
TTD	New	THE TRADE DESK INC	$2,712,353	–	35,125	–	0.01%	–
ACWI	New	ISHARES TRmsci acwi etf	$2,375,053	–	24,756	–	0.01%	–
LESL	New	LESLIES INC	$2,462,082	–	262,203	–	0.01%	–
CATH	New	GLOBAL X FDSs&p 500 catholic	$2,548,935	–	46,821	–	0.01%	–
HELE	New	HELEN OF TROY LTD	$2,426,573	–	22,464	–	0.01%	–
TREX	New	TREX CO INC	$1,912,385	–	29,170	–	0.01%	–
SKIL	New	SKILLSOFT CORPcl a	$2,192,399	–	1,768,064	–	0.01%	–
CPRT	New	COPART INC	$1,916,413	–	21,011	–	0.01%	–
EVTC	New	EVERTEC INC	$1,624,203	–	44,100	–	0.00%	–
	New	ASPEN TECHNOLOGY INC	$1,249,197	–	7,453	–	0.00%	–
ETSY	New	ETSY INC	$1,326,346	–	15,676	–	0.00%	–
MPWR	New	MONOLITHIC PWR SYS INC	$1,331,127	–	2,464	–	0.00%	–
MORN	New	MORNINGSTAR INC	$1,102,306	–	5,622	–	0.00%	–
CRL	New	CHARLES RIV LABS INTL INC	$1,041,789	–	4,955	–	0.00%	–
MKL	New	MARKEL GROUP INC	$612,749	–	443	–	0.00%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$794,547	–	2,808	–	0.00%	–
ACWX	New	ISHARES TRmsci acwi ex us	$917,383	–	18,638	–	0.00%	–
TPLC	New	TIMOTHY PLANus lrgmd cp core	$523,268	–	14,545	–	0.00%	–
FICO	New	FAIR ISAAC CORP	$496,046	–	613	–	0.00%	–
TPIF	New	TIMOTHY PLANintl etf	$396,284	–	15,707	–	0.00%	–
IWM	New	ISHARES TRrussell 2000 etf	$259,963	–	1,388	–	0.00%	–
MYTE	New	MYT NETHERLANDS PARENT B Vads	$206,304	–	51,576	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
JMST	Exit	J P MORGAN EXCHANGE TRADED Fultra sht muncpl	$0	–	-5,875	–	-0.00%	–
TME	Exit	TENCENT MUSIC ENTMT GROUPspon ads	$0	–	-215,949	–	-0.00%	–
TPLC	Exit	TIMOTHY PLANus lrgmd cp core	$0	–	-21,752	–	-0.00%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-3,897	–	-0.00%	–
KARO	Exit	KAROOOOO LTD	$0	–	-43,453	–	-0.00%	–
CRL	Exit	CHARLES RIV LABS INTL INC	$0	–	-4,650	–	-0.00%	–
RH	Exit	RH	$0	–	-5,060	–	-0.00%	–
MYTE	Exit	MYT NETHERLANDS PARENT B Vads	$0	–	-82,917	–	-0.00%	–
TREX	Exit	TREX CO INC	$0	–	-32,342	–	-0.00%	–
ETSY	Exit	ETSY INC	$0	–	-17,372	–	-0.01%	–
CPRT	Exit	COPART INC	$0	–	-18,251	–	-0.01%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-5,158	–	-0.01%	–
	Exit	ASPEN TECHNOLOGY INC	$0	–	-8,270	–	-0.01%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-13,325	–	-0.01%	–
TTD	Exit	THE TRADE DESK INC	$0	–	-38,939	–	-0.01%	–
HELE	Exit	HELEN OF TROY LTD	$0	–	-27,816	–	-0.01%	–
SKIL	Exit	SKILLSOFT CORPcl a	$0	–	-1,768,064	–	-0.01%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-7,511	–	-0.01%	–
FND	Exit	FLOOR & DECOR HLDGS INCcl a	$0	–	-49,531	–	-0.01%	–
SITE	Exit	SITEONE LANDSCAPE SUPPLY INC	$0	–	-37,428	–	-0.01%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-106,695	–	-0.01%	–
FTCH	Exit	FARFETCH LTDord sh cl a	$0	–	-585,165	–	-0.01%	–
BRKS	Exit	AZENTA INC	$0	–	-119,193	–	-0.01%	–
DT	Exit	DYNATRACE INC	$0	–	-153,252	–	-0.02%	–
CATH	Exit	GLOBAL X FDSs&p 500 catholic	$0	–	-122,342	–	-0.02%	–
	Exit	WARBY PARKER INC	$0	–	-399,804	–	-0.02%	–
ALTR	Exit	ALTAIR ENGR INC	$0	–	-136,138	–	-0.02%	–
PAYC	Exit	PAYCOM SOFTWARE INC	$0	–	-18,563	–	-0.02%	–
DOCS	Exit	DOXIMITY INCcl a	$0	–	-211,853	–	-0.02%	–
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-83,011	–	-0.02%	–
BMBL	Exit	BUMBLE INC	$0	–	-319,451	–	-0.02%	–
OLO	Exit	OLO INCcl a	$0	–	-842,779	–	-0.02%	–
APPF	Exit	APPFOLIO INC	$0	–	-69,356	–	-0.02%	–
DCT	Exit	DUCK CREEK TECHNOLOGIES INC	$0	–	-591,723	–	-0.02%	–
AMN	Exit	AMN HEALTHCARE SVCS INC	$0	–	-70,265	–	-0.02%	–
YETI	Exit	YETI HLDGS INC	$0	–	-281,542	–	-0.02%	–
HLNE	Exit	HAMILTON LANE INCcl a	$0	–	-141,283	–	-0.02%	–
BL	Exit	BLACKLINE INC	$0	–	-146,222	–	-0.02%	–
DAVA	Exit	ENDAVA PLCads	$0	–	-124,597	–	-0.03%	–
RVLV	Exit	REVOLVE GROUP INCcl a	$0	–	-498,621	–	-0.03%	–
GSHD	Exit	GOOSEHEAD INS INC	$0	–	-313,367	–	-0.03%	–
ALRM	Exit	ALARM COM HLDGS INC	$0	–	-174,449	–	-0.03%	–
WING	Exit	WINGSTOP INC	$0	–	-91,282	–	-0.03%	–
HLI	Exit	HOULIHAN LOKEY INCcl a	$0	–	-160,096	–	-0.03%	–
PGNY	Exit	PROGYNY INC	$0	–	-337,641	–	-0.04%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-524,274	–	-0.04%	–
FOXF	Exit	FOX FACTORY HLDG CORP	$0	–	-180,336	–	-0.04%	–
QLYS	Exit	QUALYS INC	$0	–	-111,002	–	-0.04%	–
FIVE	Exit	FIVE BELOW INC	$0	–	-110,707	–	-0.04%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-524,945	–	-0.06%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-331,140	–	-0.07%	–
ASML	Exit	ASML HOLDING N V	$0	–	-76,630	–	-0.09%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-42,040	–	-0.10%	–
GLOB	Exit	GLOBANT S A	$0	–	-242,133	–	-0.13%	–
	Exit	FORUM ENERGY TECHNOLOGIES INnote 9.000% 8/0	$0	–	-946,672	–	-0.16%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-911,475	–	-0.21%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-952,239	–	-0.22%	–
SAP	Exit	SAP SEspon adr	$0	–	-1,438,757	–	-0.33%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-547,696	–	-0.35%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-590,425	–	-0.35%	–
AON	Exit	AON PLC	$0	–	-1,064,589	–	-0.80%	–
ICLR	Exit	ICON PLC	$0	–	-1,663,024	–	-0.86%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-3,590,163	–	-0.96%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-1,988,038	–	-1.15%	–
DOCU	Exit	DOCUSIGN INC	$0	–	-8,647,060	–	-1.29%	–
NKE	Exit	NIKE INCcl b	$0	–	-8,105,103	–	-1.88%	–
IT	Exit	GARTNER INC	$0	–	-2,884,216	–	-2.23%	–
ILMN	Exit	ILLUMINA INC	$0	–	-4,521,397	–	-2.41%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-5,963,848	–	-2.47%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-12,742,055	–	-3.07%	–
ABNB	Exit	AIRBNB INC	$0	–	-12,685,378	–	-3.73%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-2,849,593	–	-4.02%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-5,799,259	–	-4.17%	–
NOW	Exit	SERVICENOW INC	$0	–	-3,953,299	–	-4.18%	–
ABT	Exit	ABBOTT LABS	$0	–	-15,689,512	–	-4.24%	–
ADSK	Exit	AUTODESK INC	$0	–	-8,424,908	–	-4.40%	–
CRM	Exit	SALESFORCE INC	$0	–	-11,057,687	–	-4.45%	–
NFLX	Exit	NETFLIX INC	$0	–	-7,332,431	–	-4.83%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-6,151,516	–	-4.89%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-13,265,354	–	-5.03%	–
V	Exit	VISA INC	$0	–	-10,165,168	–	-5.05%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-6,930,964	–	-5.33%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-9,600,504	–	-6.25%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-28,471,359	–	-7.66%	–
AMZN	Exit	AMAZON COM INC	$0	–	-37,237,857	–	-11.77%	–

Q3 2022

			Value		Shares		↓ Weighting
AMZN	Sell	AMAZON COM INC	$4,207,878,000	+5.5%	37,237,857	-0.9%	11.77%	+11.9%
GOOG	Buy	ALPHABET INCcap stk cl c	$2,737,521,000	-12.3%	28,471,359	+1896.1%	7.66%	-6.9%
MSFT	Buy	MICROSOFT CORP	$2,235,957,000	-8.1%	9,600,504	+1.4%	6.25%	-2.5%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$1,907,401,000	-24.0%	6,930,964	+1.1%	5.33%	-19.4%
V	Sell	VISA INC	$1,805,842,000	-26.5%	10,165,168	-18.5%	5.05%	-22.0%
FB	Buy	META PLATFORMS INCcl a	$1,799,843,000	-15.4%	13,265,354	+0.6%	5.03%	-10.2%
MA	Sell	MASTERCARD INCORPORATEDcl a	$1,749,122,000	-27.5%	6,151,516	-19.5%	4.89%	-23.0%
NFLX	Buy	NETFLIX INC	$1,726,348,000	+107.3%	7,332,431	+53.9%	4.83%	+119.9%
CRM	Buy	SALESFORCE INC	$1,590,538,000	-1.9%	11,057,687	+12.5%	4.45%	+4.0%
ADSK	Buy	AUTODESK INC	$1,573,773,000	+8.7%	8,424,908	+0.0%	4.40%	+15.3%
ABT	Buy	ABBOTT LABS	$1,518,117,000	-9.1%	15,689,512	+2.1%	4.24%	-3.6%
NOW	Buy	SERVICENOW INC	$1,492,805,000	+0.4%	3,953,299	+26.5%	4.18%	+6.5%
ACN	Buy	ACCENTURE PLC IRELAND	$1,492,149,000	-6.9%	5,799,259	+0.5%	4.17%	-1.2%
UNH	Sell	UNITEDHEALTH GROUP INC	$1,439,158,000	-3.9%	2,849,593	-2.3%	4.02%	+1.9%
ABNB	Sell	AIRBNB INC	$1,332,472,000	+16.8%	12,685,378	-1.0%	3.73%	+23.8%
PYPL	Sell	PAYPAL HLDGS INC	$1,096,709,000	+21.1%	12,742,055	-1.8%	3.07%	+28.4%
ZTS	Sell	ZOETIS INCcl a	$884,379,000	-14.1%	5,963,848	-0.5%	2.47%	-8.9%
ILMN	Buy	ILLUMINA INC	$862,637,000	+67.7%	4,521,397	+62.0%	2.41%	+77.9%
IT	Sell	GARTNER INC	$798,034,000	+10.2%	2,884,216	-3.7%	2.23%	+16.9%
NKE	Buy	NIKE INCcl b	$673,696,000	-17.3%	8,105,103	+1.7%	1.88%	-12.3%
DOCU	Buy	DOCUSIGN INC	$462,358,000	-6.4%	8,647,060	+0.4%	1.29%	-0.8%
ALGN	Buy	ALIGN TECHNOLOGY INC	$411,743,000	-9.3%	1,988,038	+3.6%	1.15%	-3.8%
GOOGL	Buy	ALPHABET INCcap stk cl a	$343,399,000	-11.6%	3,590,163	+1914.1%	0.96%	-6.2%
ICLR	Buy	ICON PLC	$305,631,000	+0.4%	1,663,024	+18.4%	0.86%	+6.5%
AON	Buy	AON PLC	$285,171,000	+13.2%	1,064,589	+13.9%	0.80%	+20.0%
IWF	Sell	ISHARES TRrus 1000 grw etf	$124,225,000	-51.2%	590,425	-49.3%	0.35%	-48.3%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$123,883,000	+45.7%	547,696	+35.3%	0.35%	+54.5%
SAP	Buy	SAP SEspon adr	$116,899,000	+56.7%	1,438,757	+74.9%	0.33%	+66.0%
SBUX	Buy	STARBUCKS CORP	$80,236,000	+35.9%	952,239	+23.2%	0.22%	+43.6%
MDT	Buy	MEDTRONIC PLC	$73,602,000	-9.1%	911,475	+1.1%	0.21%	-3.3%
	Sell	FORUM ENERGY TECHNOLOGIES INnote 9.000% 8/0	$56,103,000	0.0%	946,672	-38.3%	0.16%	+6.1%
GLOB	Buy	GLOBANT S A	$45,298,000	+18.2%	242,133	+9.9%	0.13%	+25.7%
MELI	Buy	MERCADOLIBRE INC	$34,800,000	+31.0%	42,040	+0.8%	0.10%	+38.6%
ASML	Buy	ASML HOLDING N V	$31,828,000	-9.0%	76,630	+4.2%	0.09%	-3.3%
ACWI	Buy	ISHARES TRmsci acwi etf	$25,773,000	+71.7%	331,140	+85.1%	0.07%	+80.0%
UL	Buy	UNILEVER PLCspon adr new	$23,014,000	-0.2%	524,945	+4.4%	0.06%	+4.9%
QLYS	Buy	QUALYS INC	$15,473,000	+24.1%	111,002	+12.3%	0.04%	+30.3%
FIVE	Buy	FIVE BELOW INC	$15,241,000	+64.0%	110,707	+35.2%	0.04%	+79.2%
FOXF	Buy	FOX FACTORY HLDG CORP	$14,261,000	+6.9%	180,336	+8.8%	0.04%	+14.3%
SHOP	Buy	SHOPIFY INCcl a	$14,124,000	-11.8%	524,274	+2.2%	0.04%	-7.1%
PGNY	Buy	PROGYNY INC	$12,513,000	+39.2%	337,641	+9.1%	0.04%	+45.8%
HLI	Buy	HOULIHAN LOKEY INCcl a	$12,068,000	+4.7%	160,096	+9.6%	0.03%	+13.3%
ALRM	Buy	ALARM COM HLDGS INC	$11,315,000	+14.2%	174,449	+8.9%	0.03%	+23.1%
WING	Buy	WINGSTOP INC	$11,449,000	+78.9%	91,282	+6.6%	0.03%	+88.2%
GSHD	Buy	GOOSEHEAD INS INC	$11,168,000	+5.3%	313,367	+35.0%	0.03%	+10.7%
RVLV	Buy	REVOLVE GROUP INCcl a	$10,815,000	+9.0%	498,621	+30.2%	0.03%	+15.4%
DAVA	Buy	ENDAVA PLCads	$10,046,000	+22.6%	124,597	+34.2%	0.03%	+27.3%
BL	Buy	BLACKLINE INC	$8,759,000	-0.5%	146,222	+10.6%	0.02%	+4.3%
HLNE	Buy	HAMILTON LANE INCcl a	$8,422,000	-3.2%	141,283	+9.1%	0.02%	+4.3%
YETI	Buy	YETI HLDGS INC	$8,030,000	-28.4%	281,542	+8.7%	0.02%	-26.7%
AMN	Sell	AMN HEALTHCARE SVCS INC	$7,445,000	-25.9%	70,265	-23.3%	0.02%	-19.2%
APPF	Buy	APPFOLIO INC	$7,263,000	+28.5%	69,356	+11.3%	0.02%	+33.3%
DCT	Buy	DUCK CREEK TECHNOLOGIES INC	$7,012,000	+7.8%	591,723	+35.1%	0.02%	+17.6%
BMBL	Buy	BUMBLE INC	$6,865,000	+8.1%	319,451	+41.6%	0.02%	+11.8%
OLO	Buy	OLO INCcl a	$6,658,000	-12.6%	842,779	+9.2%	0.02%	-5.0%
EEFT	New	EURONET WORLDWIDE INC	$6,289,000	–	83,011	–	0.02%	–
DOCS	Buy	DOXIMITY INCcl a	$6,402,000	+44.0%	211,853	+65.9%	0.02%	+50.0%
ALTR	Buy	ALTAIR ENGR INC	$6,020,000	-6.4%	136,138	+11.1%	0.02%	0.0%
PAYC	Buy	PAYCOM SOFTWARE INC	$6,126,000	+64.1%	18,563	+39.3%	0.02%	+70.0%
	Buy	WARBY PARKER INC	$5,333,000	+28.8%	399,804	+8.8%	0.02%	+36.4%
DT	Buy	DYNATRACE INC	$5,335,000	+47.8%	153,252	+67.4%	0.02%	+50.0%
CATH	Sell	GLOBAL X FDSs&p 500 catholic	$5,340,000	-12.0%	122,342	-7.5%	0.02%	-6.2%
BRKS	Buy	AZENTA INC	$5,109,000	+10.5%	119,193	+85.9%	0.01%	+16.7%
FTCH	Buy	FARFETCH LTDord sh cl a	$4,359,000	+12.6%	585,165	+8.2%	0.01%	+20.0%
ACWX	Sell	ISHARES TRmsci acwi ex us	$4,269,000	-32.7%	106,695	-24.3%	0.01%	-29.4%
SITE	Buy	SITEONE LANDSCAPE SUPPLY INC	$3,898,000	-3.3%	37,428	+10.4%	0.01%	0.0%
FND	Buy	FLOOR & DECOR HLDGS INCcl a	$3,480,000	+64.5%	49,531	+47.3%	0.01%	+66.7%
FICO	Sell	FAIR ISAAC CORP	$3,095,000	+0.5%	7,511	-2.3%	0.01%	+12.5%
HELE	Buy	HELEN OF TROY LTD	$2,683,000	-34.2%	27,816	+10.8%	0.01%	-27.3%
TTD	Buy	THE TRADE DESK INC	$2,327,000	+43.5%	38,939	+0.5%	0.01%	+75.0%
	Buy	ASPEN TECHNOLOGY INC	$1,970,000	+30.2%	8,270	+0.4%	0.01%	+50.0%
IWM	New	ISHARES TRrussell 2000 etf	$2,198,000	–	13,325	–	0.01%	–
TYL	Buy	TYLER TECHNOLOGIES INC	$1,792,000	+7.0%	5,158	+2.4%	0.01%	+25.0%
CPRT	Buy	COPART INC	$1,942,000	-1.7%	18,251	+0.3%	0.01%	0.0%
ETSY	Buy	ETSY INC	$1,739,000	+37.1%	17,372	+0.3%	0.01%	+66.7%
TREX	Buy	TREX CO INC	$1,421,000	-19.0%	32,342	+0.3%	0.00%	-20.0%
CRL	Sell	CHARLES RIV LABS INTL INC	$915,000	-8.7%	4,650	-0.7%	0.00%	0.0%
RH	Buy	RH	$1,245,000	+16.1%	5,060	+0.2%	0.00%	0.0%
MYTE	Buy	MYT NETHERLANDS PARENT B Vads	$955,000	+17.2%	82,917	+0.5%	0.00%	+50.0%
KARO	Sell	KAROOOOO LTD	$1,034,000	+9.0%	43,453	-1.5%	0.00%	0.0%
ISRG	Sell	INTUITIVE SURGICAL INC	$730,000	-99.9%	3,897	-99.9%	0.00%	-99.9%
TPLC	Sell	TIMOTHY PLANus lrgmd cp core	$656,000	-4.5%	21,752	-1.0%	0.00%	0.0%
TME	Sell	TENCENT MUSIC ENTMT GROUPspon ads	$877,000	-20.6%	215,949	-1.8%	0.00%	-33.3%
JMST	New	J P MORGAN EXCHANGE TRADED Fultra sht muncpl	$296,000	–	5,875	–	0.00%	–
SQ	Exit	BLOCK INCcl a	$0	–	-4,783	–	-0.00%	–
PCTY	Exit	PAYLOCITY HLDG CORP	$0	–	-25,562	–	-0.01%	–

Q2 2022

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$3,989,312,000	–	37,560,605	–	10.52%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,120,006,000	–	1,426,321	–	8.22%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$2,509,293,000	–	6,854,867	–	6.62%	–
V	New	VISA INC	$2,456,899,000	–	12,478,536	–	6.48%	–
MSFT	New	MICROSOFT CORP	$2,431,942,000	–	9,469,074	–	6.41%	–
MA	New	MASTERCARD INCORPORATEDcl a	$2,411,007,000	–	7,642,344	–	6.36%	–
FB	New	META PLATFORMS INCcl a	$2,126,311,000	–	13,186,427	–	5.61%	–
ABT	New	ABBOTT LABS	$1,670,287,000	–	15,373,096	–	4.40%	–
CRM	New	SALESFORCE INC	$1,622,166,000	–	9,828,924	–	4.28%	–
ACN	New	ACCENTURE PLC IRELAND	$1,601,933,000	–	5,769,613	–	4.22%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,498,091,000	–	2,916,673	–	3.95%	–
NOW	New	SERVICENOW INC	$1,486,482,000	–	3,126,014	–	3.92%	–
ADSK	New	AUTODESK INC	$1,448,142,000	–	8,421,390	–	3.82%	–
ABNB	New	AIRBNB INC	$1,141,239,000	–	12,811,398	–	3.01%	–
ZTS	New	ZOETIS INCcl a	$1,029,774,000	–	5,990,891	–	2.72%	–
PYPL	New	PAYPAL HLDGS INC	$905,816,000	–	12,969,867	–	2.39%	–
NFLX	New	NETFLIX INC	$832,969,000	–	4,763,359	–	2.20%	–
NKE	New	NIKE INCcl b	$814,765,000	–	7,972,260	–	2.15%	–
IT	New	GARTNER INC	$724,349,000	–	2,995,281	–	1.91%	–
ISRG	New	INTUITIVE SURGICAL INC	$690,121,000	–	3,438,398	–	1.82%	–
ILMN	New	ILLUMINA INC	$514,406,000	–	2,790,228	–	1.36%	–
DOCU	New	DOCUSIGN INC	$494,223,000	–	8,613,159	–	1.30%	–
ALGN	New	ALIGN TECHNOLOGY INC	$454,151,000	–	1,918,921	–	1.20%	–
GOOGL	New	ALPHABET INCcap stk cl a	$388,464,000	–	178,255	–	1.02%	–
ICLR	New	ICON PLC	$304,415,000	–	1,404,775	–	0.80%	–
IWF	New	ISHARES TRrus 1000 grw etf	$254,546,000	–	1,163,904	–	0.67%	–
AON	New	AON PLC	$251,973,000	–	934,339	–	0.66%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$85,027,000	–	404,815	–	0.22%	–
MDT	New	MEDTRONIC PLC	$80,945,000	–	901,899	–	0.21%	–
SAP	New	SAP SEspon adr	$74,613,000	–	822,456	–	0.20%	–
SBUX	New	STARBUCKS CORP	$59,052,000	–	773,038	–	0.16%	–
	New	FORUM ENERGY TECHNOLOGIES INnote 9.000% 8/0	$56,103,000	–	1,533,494	–	0.15%	–
GLOB	New	GLOBANT S A	$38,329,000	–	220,281	–	0.10%	–
ASML	New	ASML HOLDING N V	$34,989,000	–	73,525	–	0.09%	–
MELI	New	MERCADOLIBRE INC	$26,563,000	–	41,709	–	0.07%	–
UL	New	UNILEVER PLCspon adr new	$23,053,000	–	503,017	–	0.06%	–
SHOP	New	SHOPIFY INCcl a	$16,021,000	–	512,852	–	0.04%	–
ACWI	New	ISHARES TRmsci acwi etf	$15,011,000	–	178,941	–	0.04%	–
FOXF	New	FOX FACTORY HLDG CORP	$13,344,000	–	165,681	–	0.04%	–
QLYS	New	QUALYS INC	$12,465,000	–	98,820	–	0.03%	–
YETI	New	YETI HLDGS INC	$11,208,000	–	259,028	–	0.03%	–
HLI	New	HOULIHAN LOKEY INCcl a	$11,528,000	–	146,055	–	0.03%	–
GSHD	New	GOOSEHEAD INS INC	$10,604,000	–	232,196	–	0.03%	–
ALRM	New	ALARM COM HLDGS INC	$9,910,000	–	160,207	–	0.03%	–
RVLV	New	REVOLVE GROUP INCcl a	$9,919,000	–	382,830	–	0.03%	–
AMN	New	AMN HEALTHCARE SVCS INC	$10,044,000	–	91,554	–	0.03%	–
PGNY	New	PROGYNY INC	$8,990,000	–	309,470	–	0.02%	–
FIVE	New	FIVE BELOW INC	$9,291,000	–	81,911	–	0.02%	–
HLNE	New	HAMILTON LANE INCcl a	$8,704,000	–	129,556	–	0.02%	–
BL	New	BLACKLINE INC	$8,805,000	–	132,207	–	0.02%	–
DAVA	New	ENDAVA PLCads	$8,194,000	–	92,827	–	0.02%	–
OLO	New	OLO INCcl a	$7,617,000	–	771,763	–	0.02%	–
SKIL	New	SKILLSOFT CORPcl a	$6,754,000	–	1,768,064	–	0.02%	–
WING	New	WINGSTOP INC	$6,400,000	–	85,601	–	0.02%	–
ALTR	New	ALTAIR ENGR INC	$6,432,000	–	122,511	–	0.02%	–
BMBL	New	BUMBLE INC	$6,350,000	–	225,571	–	0.02%	–
DCT	New	DUCK CREEK TECHNOLOGIES INC	$6,504,000	–	437,998	–	0.02%	–
ACWX	New	ISHARES TRmsci acwi ex us	$6,346,000	–	141,015	–	0.02%	–
CATH	New	GLOBAL X FDSs&p 500 catholic	$6,071,000	–	132,208	–	0.02%	–
APPF	New	APPFOLIO INC	$5,650,000	–	62,330	–	0.02%	–
DOCS	New	DOXIMITY INCcl a	$4,447,000	–	127,720	–	0.01%	–
BRKS	New	AZENTA INC	$4,623,000	–	64,118	–	0.01%	–
PCTY	New	PAYLOCITY HLDG CORP	$4,459,000	–	25,562	–	0.01%	–
SITE	New	SITEONE LANDSCAPE SUPPLY INC	$4,029,000	–	33,894	–	0.01%	–
	New	WARBY PARKER INC	$4,139,000	–	367,609	–	0.01%	–
HELE	New	HELEN OF TROY LTD	$4,077,000	–	25,105	–	0.01%	–
FTCH	New	FARFETCH LTDord sh cl a	$3,871,000	–	540,614	–	0.01%	–
PAYC	New	PAYCOM SOFTWARE INC	$3,732,000	–	13,322	–	0.01%	–
DT	New	DYNATRACE INC	$3,610,000	–	91,541	–	0.01%	–
FICO	New	FAIR ISAAC CORP	$3,081,000	–	7,684	–	0.01%	–
FND	New	FLOOR & DECOR HLDGS INCcl a	$2,116,000	–	33,616	–	0.01%	–
TREX	New	TREX CO INC	$1,754,000	–	32,238	–	0.01%	–
CPRT	New	COPART INC	$1,976,000	–	18,188	–	0.01%	–
TYL	New	TYLER TECHNOLOGIES INC	$1,674,000	–	5,036	–	0.00%	–
TTD	New	THE TRADE DESK INC	$1,622,000	–	38,729	–	0.00%	–
	New	ASPEN TECHNOLOGY INC	$1,513,000	–	8,235	–	0.00%	–
KARO	New	KAROOOOO LTD	$949,000	–	44,123	–	0.00%	–
TME	New	TENCENT MUSIC ENTMT GROUPspon ads	$1,104,000	–	219,849	–	0.00%	–
ETSY	New	ETSY INC	$1,268,000	–	17,324	–	0.00%	–
CRL	New	CHARLES RIV LABS INTL INC	$1,002,000	–	4,685	–	0.00%	–
RH	New	RH	$1,072,000	–	5,050	–	0.00%	–
MYTE	New	MYT NETHERLANDS PARENT B Vads	$815,000	–	82,527	–	0.00%	–
TPLC	New	TIMOTHY PLANus lrgmd cp core	$687,000	–	21,968	–	0.00%	–
SQ	New	BLOCK INCcl a	$294,000	–	4,783	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
TAL	Exit	TAL EDUCATION GROUPsponsored ads	$0	–	-17,340	–	0.00%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-134	–	-0.00%	–
TME	Exit	TENCENT MUSIC ENTMT GROUPspon ads	$0	–	-70,049	–	-0.00%	–
ORLY	Exit	OREILLY AUTOMOTIVE INC	$0	–	-1,035	–	-0.00%	–
ATHM	Exit	AUTOHOME INCsp ads rp cl a	$0	–	-10,995	–	-0.00%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-3,807	–	-0.00%	–
ORCL	Exit	ORACLE CORP	$0	–	-4,216	–	-0.00%	–
TPIF	Exit	TIMOTHY PLANintl etf	$0	–	-11,897	–	-0.00%	–
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-12,817	–	-0.00%	–
TPLC	Exit	TIMOTHY PLANus lrgmd cp core	$0	–	-12,865	–	-0.00%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-2,707	–	-0.00%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-5,234	–	-0.00%	–
KARO	Exit	KAROOOOO LTD	$0	–	-38,584	–	-0.00%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-2,155	–	-0.00%	–
HEI	Exit	HEICO CORP NEW	$0	–	-16,074	–	-0.00%	–
FTCH	Exit	FARFETCH LTDord sh cl a	$0	–	-61,970	–	-0.00%	–
GNRC	Exit	GENERAC HLDGS INC	$0	–	-6,436	–	-0.01%	–
YNDX	Exit	YANDEX N V	$0	–	-32,063	–	-0.01%	–
CPRT	Exit	COPART INC	$0	–	-20,265	–	-0.01%	–
FICO	Exit	FAIR ISAAC CORP	$0	–	-6,176	–	-0.01%	–
EPAM	Exit	EPAM SYS INC	$0	–	-4,664	–	-0.01%	–
CDW	Exit	CDW CORP	$0	–	-17,852	–	-0.01%	–
AZPN	Exit	ASPEN TECHNOLOGY INC	$0	–	-27,328	–	-0.01%	–
TYL	Exit	TYLER TECHNOLOGIES INC	$0	–	-7,629	–	-0.01%	–
TREX	Exit	TREX CO INC	$0	–	-32,176	–	-0.01%	–
TTD	Exit	THE TRADE DESK INC	$0	–	-51,515	–	-0.01%	–
PAYC	Exit	PAYCOM SOFTWARE INC	$0	–	-9,446	–	-0.01%	–
RH	Exit	RH	$0	–	-7,296	–	-0.01%	–
CATH	Exit	GLOBAL X FDSs&p 500 catholic	$0	–	-99,879	–	-0.01%	–
DT	Exit	DYNATRACE INC	$0	–	-85,901	–	-0.01%	–
SLP	Exit	SIMULATIONS PLUS INC	$0	–	-178,076	–	-0.01%	–
MBUU	Exit	MALIBU BOATS INC	$0	–	-104,522	–	-0.01%	–
ALTR	Exit	ALTAIR ENGR INC	$0	–	-119,227	–	-0.02%	–
QLYS	Exit	QUALYS INC	$0	–	-77,483	–	-0.02%	–
HELE	Exit	HELEN OF TROY LTD	$0	–	-46,245	–	-0.02%	–
PCTY	Exit	PAYLOCITY HLDG CORP	$0	–	-36,041	–	-0.02%	–
APPF	Exit	APPFOLIO INC	$0	–	-100,342	–	-0.02%	–
ALRM	Exit	ALARM COM HLDGS INC	$0	–	-159,811	–	-0.02%	–
YETI	Exit	YETI HLDGS INC	$0	–	-152,858	–	-0.02%	–
AMN	Exit	AMN HEALTHCARE SVCS INC	$0	–	-113,730	–	-0.02%	–
TRUP	Exit	TRUPANION INC	$0	–	-165,548	–	-0.02%	–
ETSY	Exit	ETSY INC	$0	–	-64,887	–	-0.02%	–
HLI	Exit	HOULIHAN LOKEY INCcl a	$0	–	-145,396	–	-0.02%	–
DCT	Exit	DUCK CREEK TECHNOLOGIES INC	$0	–	-324,956	–	-0.03%	–
BL	Exit	BLACKLINE INC	$0	–	-121,850	–	-0.03%	–
OLO	Exit	OLO INCcl a	$0	–	-493,499	–	-0.03%	–
EXPO	Exit	EXPONENT INC	$0	–	-149,651	–	-0.03%	–
PGNY	Exit	PROGYNY INC	$0	–	-307,911	–	-0.03%	–
MEDP	Exit	MEDPACE HLDGS INC	$0	–	-94,522	–	-0.03%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-65,743	–	-0.03%	–
RVLV	Exit	REVOLVE GROUP INCcl a	$0	–	-299,407	–	-0.03%	–
FOXF	Exit	FOX FACTORY HLDG CORP	$0	–	-138,109	–	-0.04%	–
DAVA	Exit	ENDAVA PLCads	$0	–	-153,075	–	-0.04%	–
WING	Exit	WINGSTOP INC	$0	–	-125,015	–	-0.04%	–
GLOB	Exit	GLOBANT S A	$0	–	-83,472	–	-0.04%	–
GSHD	Exit	GOOSEHEAD INS INC	$0	–	-158,994	–	-0.04%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-18,961	–	-0.05%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-534,704	–	-0.05%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-17,244	–	-0.05%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-278,462	–	-0.10%	–
ASML	Exit	ASML HOLDING N V	$0	–	-78,762	–	-0.11%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-480,951	–	-0.13%	–
SAP	Exit	SAP SEspon adr	$0	–	-792,271	–	-0.20%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-1,013,186	–	-0.23%	–
AON	Exit	AON PLC	$0	–	-1,022,244	–	-0.54%	–
ICLR	Exit	ICON PLC	$0	–	-1,659,850	–	-0.80%	–
MSCI	Exit	MSCI INC	$0	–	-1,383,494	–	-1.54%	–
ILMN	Exit	ILLUMINA INC	$0	–	-2,536,079	–	-1.89%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-1,098,919	–	-2.00%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-1,656,405	–	-2.02%	–
NKE	Exit	NIKE INCcl b	$0	–	-8,024,628	–	-2.14%	–
IT	Exit	GARTNER INC	$0	–	-4,509,180	–	-2.52%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-13,000,370	–	-2.63%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-3,806,974	–	-2.73%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-575,265	–	-2.82%	–
NFLX	Exit	NETFLIX INC	$0	–	-2,615,141	–	-2.93%	–
ABNB	Exit	AIRBNB INC	$0	–	-9,534,237	–	-2.94%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-6,878,660	–	-3.28%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-9,582,626	–	-3.41%	–
NOW	Exit	SERVICENOW INC	$0	–	-3,067,253	–	-3.50%	–
ADSK	Exit	AUTODESK INC	$0	–	-6,897,362	–	-3.61%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-6,723,544	–	-3.95%	–
V	Exit	VISA INC	$0	–	-10,910,106	–	-4.46%	–
ABT	Exit	ABBOTT LABS	$0	–	-22,012,696	–	-4.77%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-9,777,594	–	-4.87%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-7,642,367	–	-4.88%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-10,040,370	–	-5.20%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-5,704,396	–	-6.03%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,152,907	–	-6.95%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,556,225	–	-7.61%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-13,234,318	–	-8.24%	–

Q3 2021

			Value		Shares		↓ Weighting
FB	Buy	FACEBOOK INCcl a	$4,491,595,000	-0.5%	13,234,318	+1.9%	8.24%	-4.7%
GOOG	Buy	ALPHABET INCcap stk cl c	$4,147,822,000	+8.1%	1,556,225	+1.6%	7.61%	+3.6%
AMZN	Buy	AMAZON COM INC	$3,787,346,000	+58.0%	1,152,907	+65.4%	6.95%	+51.4%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$3,284,135,000	-10.2%	5,704,396	-8.7%	6.03%	-14.0%
MSFT	Sell	MICROSOFT CORP	$2,830,581,000	-34.8%	10,040,370	-37.4%	5.20%	-37.6%
MA	Buy	MASTERCARD INCORPORATEDcl a	$2,657,098,000	+18.2%	7,642,367	+24.1%	4.88%	+13.3%
CRM	Buy	SALESFORCE COM INC	$2,651,879,000	+12.5%	9,777,594	+1.3%	4.87%	+7.8%
ABT	Buy	ABBOTT LABS	$2,600,360,000	+2.0%	22,012,696	+0.1%	4.77%	-2.2%
V	Buy	VISA INC	$2,430,226,000	+1.1%	10,910,106	+6.2%	4.46%	-3.1%
ACN	Sell	ACCENTURE PLC IRELAND	$2,150,996,000	-11.4%	6,723,544	-18.4%	3.95%	-15.1%
ADSK	Buy	AUTODESK INC	$1,966,921,000	+11.9%	6,897,362	+14.5%	3.61%	+7.2%
NOW	Sell	SERVICENOW INC	$1,908,660,000	-1.1%	3,067,253	-12.6%	3.50%	-5.2%
ZTS	Sell	ZOETIS INCcl a	$1,860,371,000	-16.2%	9,582,626	-19.5%	3.41%	-19.7%
PYPL	Buy	PAYPAL HLDGS INC	$1,789,896,000	-8.0%	6,878,660	+3.0%	3.28%	-11.8%
ABNB	New	AIRBNB INC	$1,599,368,000	–	9,534,237	–	2.94%	–
NFLX	Buy	NETFLIX INC	$1,596,125,000	+23.9%	2,615,141	+7.2%	2.93%	+18.7%
GOOGL	Buy	ALPHABET INCcap stk cl a	$1,537,982,000	+11.4%	575,265	+1.7%	2.82%	+6.7%
UNH	Buy	UNITEDHEALTH GROUP INC	$1,487,537,000	-0.6%	3,806,974	+1.9%	2.73%	-4.7%
SBUX	Sell	STARBUCKS CORP	$1,434,071,000	-13.4%	13,000,370	-12.2%	2.63%	-16.9%
IT	Sell	GARTNER INC	$1,370,250,000	+25.0%	4,509,180	-0.3%	2.52%	+19.8%
NKE	Buy	NIKE INCcl b	$1,165,417,000	-4.8%	8,024,628	+1.3%	2.14%	-8.7%
ALGN	Buy	ALIGN TECHNOLOGY INC	$1,102,222,000	+10.4%	1,656,405	+1.3%	2.02%	+5.8%
ISRG	Buy	INTUITIVE SURGICAL INC	$1,092,490,000	+9.0%	1,098,919	+0.8%	2.00%	+4.4%
ILMN	Buy	ILLUMINA INC	$1,028,659,000	-12.4%	2,536,079	+2.2%	1.89%	-16.0%
MSCI	Buy	MSCI INC	$841,635,000	+15.0%	1,383,494	+0.8%	1.54%	+10.3%
ICLR	Buy	ICON PLC	$434,914,000	+168.9%	1,659,850	+112.1%	0.80%	+157.4%
AON	Buy	AON PLC	$292,127,000	+50.6%	1,022,244	+25.8%	0.54%	+44.1%
MDT	Buy	MEDTRONIC PLC	$127,003,000	+14.1%	1,013,186	+13.0%	0.23%	+9.4%
SAP	Buy	SAP SEspon adr	$106,988,000	+5.7%	792,271	+10.0%	0.20%	+1.0%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$71,205,000	-77.8%	480,951	-66.1%	0.13%	-78.7%
ASML	Buy	ASML HOLDING N V	$58,686,000	+92.0%	78,762	+78.0%	0.11%	+83.1%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$55,670,000	+14.1%	278,462	+13.4%	0.10%	+9.7%
MELI	Buy	MERCADOLIBRE INC	$28,960,000	+16.0%	17,244	+7.6%	0.05%	+10.4%
UL	Buy	UNILEVER PLCspon adr new	$28,992,000	-0.9%	534,704	+7.0%	0.05%	-5.4%
SHOP	Buy	SHOPIFY INCcl a	$25,707,000	-1.7%	18,961	+5.9%	0.05%	-6.0%
GSHD	Buy	GOOSEHEAD INS INC	$24,213,000	+29.8%	158,994	+8.5%	0.04%	+22.2%
GLOB	Buy	GLOBANT S A	$23,456,000	+39.2%	83,472	+8.6%	0.04%	+34.4%
WING	Buy	WINGSTOP INC	$20,494,000	+12.6%	125,015	+8.3%	0.04%	+8.6%
DAVA	Buy	ENDAVA PLCads	$20,795,000	+28.7%	153,075	+7.4%	0.04%	+22.6%
FOXF	Buy	FOX FACTORY HLDG CORP	$19,962,000	+0.5%	138,109	+8.3%	0.04%	-2.6%
RVLV	Sell	REVOLVE GROUP INCcl a	$18,494,000	-12.9%	299,407	-2.8%	0.03%	-17.1%
IWF	Sell	ISHARES TRrus 1000 grw etf	$18,016,000	-65.4%	65,743	-65.8%	0.03%	-67.0%
MEDP	Buy	MEDPACE HLDGS INC	$17,891,000	+15.9%	94,522	+8.1%	0.03%	+10.0%
PGNY	Buy	PROGYNY INC	$17,243,000	+22.1%	307,911	+28.7%	0.03%	+18.5%
EXPO	Buy	EXPONENT INC	$16,933,000	+37.5%	149,651	+8.4%	0.03%	+29.2%
OLO	New	OLO INCcl a	$14,820,000	–	493,499	–	0.03%	–
BL	Buy	BLACKLINE INC	$14,386,000	+16.2%	121,850	+9.6%	0.03%	+8.3%
DCT	Buy	DUCK CREEK TECHNOLOGIES INC	$14,376,000	+10.4%	324,956	+8.5%	0.03%	+4.0%
HLI	Buy	HOULIHAN LOKEY INCcl a	$13,391,000	+21.6%	145,396	+8.0%	0.02%	+19.0%
ETSY	Sell	ETSY INC	$13,494,000	-13.8%	64,887	-14.7%	0.02%	-16.7%
TRUP	Buy	TRUPANION INC	$12,858,000	-26.8%	165,548	+8.4%	0.02%	-29.4%
AMN	Buy	AMN HEALTHCARE SVCS INC	$13,051,000	+29.3%	113,730	+9.3%	0.02%	+26.3%
YETI	Buy	YETI HLDGS INC	$13,098,000	+2.2%	152,858	+9.6%	0.02%	-4.0%
ALRM	Buy	ALARM COM HLDGS INC	$12,496,000	-0.2%	159,811	+8.1%	0.02%	-4.2%
APPF	Buy	APPFOLIO INC	$12,081,000	-7.6%	100,342	+8.3%	0.02%	-12.0%
HELE	Buy	HELEN OF TROY LTD	$10,390,000	+6.8%	46,245	+8.5%	0.02%	0.0%
PCTY	Sell	PAYLOCITY HLDG CORP	$10,106,000	+40.4%	36,041	-4.5%	0.02%	+35.7%
QLYS	Buy	QUALYS INC	$8,623,000	+20.7%	77,483	+9.2%	0.02%	+14.3%
ALTR	Buy	ALTAIR ENGR INC	$8,220,000	+9.2%	119,227	+9.3%	0.02%	+7.1%
SLP	Buy	SIMULATIONS PLUS INC	$7,034,000	-21.3%	178,076	+9.4%	0.01%	-23.5%
MBUU	Buy	MALIBU BOATS INC	$7,314,000	+4.3%	104,522	+9.3%	0.01%	0.0%
DT	Buy	DYNATRACE INC	$6,096,000	+26.6%	85,901	+4.2%	0.01%	+22.2%
CATH	New	GLOBAL X FDSs&p 500 catholic	$5,386,000	–	99,879	–	0.01%	–
PAYC	Buy	PAYCOM SOFTWARE INC	$4,683,000	+43.2%	9,446	+5.0%	0.01%	+50.0%
RH	New	RH	$4,866,000	–	7,296	–	0.01%	–
TTD	Buy	THE TRADE DESK INC	$3,622,000	-5.8%	51,515	+3.6%	0.01%	0.0%
TYL	New	TYLER TECHNOLOGIES INC	$3,499,000	–	7,629	–	0.01%	–
TREX	Buy	TREX CO INC	$3,280,000	+3.1%	32,176	+3.4%	0.01%	0.0%
CDW	Buy	CDW CORP	$3,249,000	+8.0%	17,852	+3.6%	0.01%	0.0%
AZPN	Buy	ASPEN TECHNOLOGY INC	$3,356,000	-7.5%	27,328	+3.6%	0.01%	-14.3%
CPRT	Buy	COPART INC	$2,811,000	+9.0%	20,265	+3.6%	0.01%	0.0%
YNDX	Buy	YANDEX N V	$2,555,000	+14.6%	32,063	+1.8%	0.01%	+25.0%
EPAM	New	EPAM SYS INC	$2,661,000	–	4,664	–	0.01%	–
FICO	New	FAIR ISAAC CORP	$2,458,000	–	6,176	–	0.01%	–
GNRC	Sell	GENERAC HLDGS INC	$2,630,000	-37.3%	6,436	-36.3%	0.01%	-37.5%
HEI	Buy	HEICO CORP NEW	$2,120,000	-2.0%	16,074	+3.6%	0.00%	0.0%
FTCH	Buy	FARFETCH LTDord sh cl a	$2,323,000	-3.5%	61,970	+29.6%	0.00%	-20.0%
REGN	New	REGENERON PHARMACEUTICALS	$1,304,000	–	2,155	–	0.00%	–
KARO	Buy	KAROOOOO LTD	$1,139,000	-18.8%	38,584	+1.1%	0.00%	-33.3%
DG	New	DOLLAR GEN CORP NEW	$1,110,000	–	5,234	–	0.00%	–
ACWX	Buy	ISHARES TRmsci acwi ex us	$710,000	+63.6%	12,817	+69.7%	0.00%	0.0%
TPLC	Buy	TIMOTHY PLANus lrgmd cp core	$448,000	+1.4%	12,865	+1.6%	0.00%	0.0%
ACWI	Buy	ISHARES TRmsci acwi etf	$380,000	+12.8%	3,807	+14.3%	0.00%	0.0%
EL	Sell	LAUDER ESTEE COS INCcl a	$812,000	-98.5%	2,707	-98.4%	0.00%	-99.0%
ORLY	New	OREILLY AUTOMOTIVE INC	$632,000	–	1,035	–	0.00%	–
BKNG	New	BOOKING HOLDINGS INC	$318,000	–	134	–	0.00%	–
ATHM	New	AUTOHOME INCsp ads rp cl a	$516,000	–	10,995	–	0.00%	–
ORCL	New	ORACLE CORP	$367,000	–	4,216	–	0.00%	–
TME	Buy	TENCENT MUSIC ENTMT GROUPspon ads	$508,000	-40.9%	70,049	+26.0%	0.00%	-50.0%
TPIF	Buy	TIMOTHY PLANintl etf	$338,000	+27.1%	11,897	+30.2%	0.00%	0.0%
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-26,741	–	-0.01%	–
ENV	Exit	ENVESTNET INC	$0	–	-63,384	–	-0.01%	–
EDU	Exit	NEW ORIENTAL ED & TECHNOLOGYspon adr	$0	–	-7,354,287	–	-0.12%	–

Q2 2021

			Value		Shares		↓ Weighting
FB	New	FACEBOOK INCcl a	$4,515,864,000	–	12,987,444	–	8.65%	–
MSFT	New	MICROSOFT CORP	$4,344,147,000	–	16,035,981	–	8.32%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,837,512,000	–	1,531,134	–	7.35%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$3,657,769,000	–	6,245,764	–	7.00%	–
ABT	New	ABBOTT LABS	$2,548,722,000	–	21,985,004	–	4.88%	–
ACN	New	ACCENTURE PLC IRELAND	$2,428,662,000	–	8,238,617	–	4.65%	–
V	New	VISA INC	$2,402,691,000	–	10,275,816	–	4.60%	–
AMZN	New	AMAZON COM INC	$2,397,387,000	–	696,883	–	4.59%	–
CRM	New	SALESFORCE COM INC	$2,357,017,000	–	9,649,227	–	4.51%	–
MA	New	MASTERCARD INCORPORATEDcl a	$2,248,038,000	–	6,157,489	–	4.30%	–
ZTS	New	ZOETIS INCcl a	$2,219,130,000	–	11,907,759	–	4.25%	–
PYPL	New	PAYPAL HLDGS INC	$1,945,872,000	–	6,675,832	–	3.73%	–
NOW	New	SERVICENOW INC	$1,929,303,000	–	3,510,696	–	3.70%	–
ADSK	New	AUTODESK INC	$1,757,923,000	–	6,022,347	–	3.37%	–
SBUX	New	STARBUCKS CORP	$1,655,028,000	–	14,802,150	–	3.17%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,496,076,000	–	3,736,081	–	2.86%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,380,947,000	–	565,547	–	2.64%	–
NFLX	New	NETFLIX INC	$1,288,470,000	–	2,439,314	–	2.47%	–
NKE	New	NIKE INCcl b	$1,223,996,000	–	7,922,815	–	2.34%	–
ILMN	New	ILLUMINA INC	$1,173,928,000	–	2,480,776	–	2.25%	–
IT	New	GARTNER INC	$1,095,832,000	–	4,524,493	–	2.10%	–
ISRG	New	INTUITIVE SURGICAL INC	$1,002,450,000	–	1,090,046	–	1.92%	–
ALGN	New	ALIGN TECHNOLOGY INC	$998,744,000	–	1,634,605	–	1.91%	–
MSCI	New	MSCI INC	$731,691,000	–	1,372,573	–	1.40%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$321,464,000	–	1,417,515	–	0.62%	–
AON	New	AON PLC	$194,028,000	–	812,647	–	0.37%	–
ICLR	New	ICON PLC	$161,758,000	–	782,534	–	0.31%	–
MDT	New	MEDTRONIC PLC	$111,333,000	–	896,906	–	0.21%	–
SAP	New	SAP SEspon adr	$101,209,000	–	720,554	–	0.19%	–
EDU	New	NEW ORIENTAL ED & TECHNOLOGYspon adr	$60,232,000	–	7,354,287	–	0.12%	–
EL	New	LAUDER ESTEE COS INCcl a	$53,500,000	–	168,197	–	0.10%	–
IWF	New	ISHARES TRrus 1000 grw etf	$52,129,000	–	192,017	–	0.10%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$48,783,000	–	245,611	–	0.09%	–
ASML	New	ASML HOLDING N V	$30,570,000	–	44,250	–	0.06%	–
UL	New	UNILEVER PLCspon adr new	$29,245,000	–	499,917	–	0.06%	–
SHOP	New	SHOPIFY INCcl a	$26,147,000	–	17,897	–	0.05%	–
MELI	New	MERCADOLIBRE INC	$24,960,000	–	16,023	–	0.05%	–
RVLV	New	REVOLVE GROUP INCcl a	$21,223,000	–	308,028	–	0.04%	–
FOXF	New	FOX FACTORY HLDG CORP	$19,857,000	–	127,566	–	0.04%	–
GSHD	New	GOOSEHEAD INS INC	$18,647,000	–	146,481	–	0.04%	–
WING	New	WINGSTOP INC	$18,195,000	–	115,426	–	0.04%	–
TRUP	New	TRUPANION INC	$17,577,000	–	152,713	–	0.03%	–
GLOB	New	GLOBANT S A	$16,847,000	–	76,866	–	0.03%	–
DAVA	New	ENDAVA PLCads	$16,158,000	–	142,514	–	0.03%	–
MEDP	New	MEDPACE HLDGS INC	$15,439,000	–	87,411	–	0.03%	–
ETSY	New	ETSY INC	$15,654,000	–	76,051	–	0.03%	–
PGNY	New	PROGYNY INC	$14,121,000	–	239,340	–	0.03%	–
DCT	New	DUCK CREEK TECHNOLOGIES INC	$13,027,000	–	299,392	–	0.02%	–
YETI	New	YETI HLDGS INC	$12,810,000	–	139,517	–	0.02%	–
APPF	New	APPFOLIO INC	$13,077,000	–	92,614	–	0.02%	–
ALRM	New	ALARM COM HLDGS INC	$12,518,000	–	147,793	–	0.02%	–
EXPO	New	EXPONENT INC	$12,317,000	–	138,067	–	0.02%	–
BL	New	BLACKLINE INC	$12,376,000	–	111,226	–	0.02%	–
HLI	New	HOULIHAN LOKEY INCcl a	$11,016,000	–	134,682	–	0.02%	–
AMN	New	AMN HEALTHCARE SVCS INC	$10,092,000	–	104,059	–	0.02%	–
HELE	New	HELEN OF TROY LTD	$9,725,000	–	42,630	–	0.02%	–
SLP	New	SIMULATIONS PLUS INC	$8,941,000	–	162,824	–	0.02%	–
PCTY	New	PAYLOCITY HLDG CORP	$7,200,000	–	37,738	–	0.01%	–
ALTR	New	ALTAIR ENGR INC	$7,525,000	–	109,101	–	0.01%	–
QLYS	New	QUALYS INC	$7,142,000	–	70,930	–	0.01%	–
MBUU	New	MALIBU BOATS INC	$7,014,000	–	95,648	–	0.01%	–
DT	New	DYNATRACE INC	$4,815,000	–	82,415	–	0.01%	–
ENV	New	ENVESTNET INC	$4,808,000	–	63,384	–	0.01%	–
GNRC	New	GENERAC HLDGS INC	$4,195,000	–	10,104	–	0.01%	–
AZPN	New	ASPEN TECHNOLOGY INC	$3,627,000	–	26,370	–	0.01%	–
EEFT	New	EURONET WORLDWIDE INC	$3,619,000	–	26,741	–	0.01%	–
TTD	New	THE TRADE DESK INC	$3,847,000	–	49,723	–	0.01%	–
TREX	New	TREX CO INC	$3,180,000	–	31,114	–	0.01%	–
PAYC	New	PAYCOM SOFTWARE INC	$3,270,000	–	8,997	–	0.01%	–
CDW	New	CDW CORP	$3,009,000	–	17,229	–	0.01%	–
CPRT	New	COPART INC	$2,578,000	–	19,555	–	0.01%	–
FTCH	New	FARFETCH LTDord sh cl a	$2,407,000	–	47,805	–	0.01%	–
HEI	New	HEICO CORP NEW	$2,164,000	–	15,520	–	0.00%	–
YNDX	New	YANDEX N V	$2,229,000	–	31,508	–	0.00%	–
KARO	New	KAROOOOO LTD	$1,403,000	–	38,164	–	0.00%	–
TME	New	TENCENT MUSIC ENTMT GROUPspon ads	$860,000	–	55,574	–	0.00%	–
ACWX	New	ISHARES TRmsci acwi ex us	$434,000	–	7,552	–	0.00%	–
ACWI	New	ISHARES TRmsci acwi etf	$337,000	–	3,330	–	0.00%	–
TPLC	New	TIMOTHY PLANus lrgmd cp core	$442,000	–	12,662	–	0.00%	–
TPIF	New	TIMOTHY PLANintl etf	$266,000	–	9,140	–	0.00%	–
TAL	New	TAL EDUCATION GROUPsponsored ads	$437,000	–	17,340	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
ALTR	Exit	ALTAIR ENGR INC	$0	–	-63,809	–	-0.01%	–
MBUU	Exit	MALIBU BOATS INC	$0	–	-55,360	–	-0.01%	–
BLKB	Exit	BLACKBAUD INC	$0	–	-52,431	–	-0.01%	–
RVLV	Exit	REVOLVE GROUP INCcl a	$0	–	-209,419	–	-0.01%	–
YETI	Exit	YETI HLDGS INC	$0	–	-81,533	–	-0.01%	–
AMN	Exit	AMN HEALTHCARE SVCS INC	$0	–	-60,847	–	-0.01%	–
MEDP	Exit	MEDPACE HLDGS INC	$0	–	-33,599	–	-0.01%	–
PCTY	Exit	PAYLOCITY HLDG CORP	$0	–	-22,097	–	-0.01%	–
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-42,432	–	-0.01%	–
QLYS	Exit	QUALYS INC	$0	–	-41,478	–	-0.01%	–
TREE	Exit	LENDINGTREE INC NEW	$0	–	-14,032	–	-0.01%	–
ENV	Exit	ENVESTNET INC	$0	–	-55,872	–	-0.01%	–
MASI	Exit	MASIMO CORP	$0	–	-18,414	–	-0.01%	–
HLI	Exit	HOULIHAN LOKEY INCcl a	$0	–	-78,945	–	-0.01%	–
POOL	Exit	POOL CORP	$0	–	-14,250	–	-0.01%	–
HELE	Exit	HELEN OF TROY LTD	$0	–	-26,729	–	-0.01%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-24,725	–	-0.01%	–
ALRM	Exit	ALARM COM HLDGS INC	$0	–	-92,629	–	-0.01%	–
GSHD	Exit	GOOSEHEAD INS INC	$0	–	-62,534	–	-0.01%	–
FND	Exit	FLOOR & DECOR HLDGS INCcl a	$0	–	-73,879	–	-0.02%	–
WDFC	Exit	WD-40 CO	$0	–	-28,782	–	-0.02%	–
FOXF	Exit	FOX FACTORY HLDG CORP	$0	–	-79,307	–	-0.02%	–
BL	Exit	BLACKLINE INC	$0	–	-64,848	–	-0.02%	–
TREX	Exit	TREX CO INC	$0	–	-85,123	–	-0.02%	–
EXPO	Exit	EXPONENT INC	$0	–	-85,211	–	-0.02%	–
APPF	Exit	APPFOLIO INC	$0	–	-51,199	–	-0.02%	–
WING	Exit	WINGSTOP INC	$0	–	-50,964	–	-0.02%	–
GLOB	Exit	GLOBANT S A	$0	–	-48,576	–	-0.02%	–
ETSY	Exit	ETSY INC	$0	–	-69,267	–	-0.02%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-750,119	–	-0.04%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-558,576	–	-0.09%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-295,007	–	-0.10%	–
ORCL	Exit	ORACLE CORP	$0	–	-614,183	–	-0.10%	–
EL	Exit	LAUDER ESTEE COS INCcl a	$0	–	-168,680	–	-0.10%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-415,192	–	-0.16%	–
AON	Exit	AON PLC	$0	–	-327,757	–	-0.18%	–
EDU	Exit	NEW ORIENTAL ED & TECHNOLOGYspon adr	$0	–	-461,798	–	-0.18%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-708,601	–	-0.20%	–
SAP	Exit	SAP SEspon adr	$0	–	-537,334	–	-0.22%	–
ICLR	Exit	ICON PLC	$0	–	-544,491	–	-0.28%	–
ILMN	Exit	ILLUMINA INC	$0	–	-562,775	–	-0.46%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-960,828	–	-0.76%	–
MSCI	Exit	MSCI INC	$0	–	-1,804,019	–	-1.72%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-452,421	–	-1.77%	–
ISRG	Exit	INTUITIVE SURGICAL INC	$0	–	-984,769	–	-1.87%	–
IT	Exit	GARTNER INC	$0	–	-6,241,116	–	-2.09%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,597,811	–	-2.28%	–
NKE	Exit	NIKE INCcl b	$0	–	-7,151,504	–	-2.40%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-3,419,053	–	-2.85%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-1,937,657	–	-2.90%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-13,160,538	–	-3.02%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-5,651,553	–	-3.17%	–
ADSK	Exit	AUTODESK INC	$0	–	-6,315,238	–	-3.90%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-7,844,084	–	-4.13%	–
NOW	Exit	SERVICENOW INC	$0	–	-3,191,209	–	-4.14%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-6,757,081	–	-4.54%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-7,601,083	–	-4.59%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-11,024,646	–	-4.88%	–
V	Exit	VISA INC	$0	–	-9,322,902	–	-4.99%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-5,594,314	–	-5.06%	–
ABT	Exit	ABBOTT LABS	$0	–	-19,404,698	–	-5.65%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,685,973	–	-6.63%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-5,724,906	–	-7.51%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-14,723,497	–	-8.28%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-11,957,142	–	-8.38%	–

Q3 2020

			Value		Shares		↓ Weighting
FB	Buy	FACEBOOK INCcl a	$3,131,576,000	+17.3%	11,957,142	+1.7%	8.38%	+3.8%
MSFT	Sell	MICROSOFT CORP	$3,096,793,000	-13.8%	14,723,497	-16.6%	8.28%	-23.7%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$2,807,666,000	+15.8%	5,724,906	+2.7%	7.51%	+2.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$2,477,706,000	+7.8%	1,685,973	+3.7%	6.63%	-4.6%
ABT	Buy	ABBOTT LABS	$2,111,813,000	+23.4%	19,404,698	+3.7%	5.65%	+9.2%
MA	Buy	MASTERCARD INCORPORATEDcl a	$1,891,829,000	+16.6%	5,594,314	+2.0%	5.06%	+3.2%
V	Buy	VISA INC	$1,864,301,000	+7.5%	9,322,902	+3.9%	4.99%	-4.9%
ZTS	Buy	ZOETIS INCcl a	$1,823,146,000	+23.4%	11,024,646	+2.3%	4.88%	+9.2%
ACN	Buy	ACCENTURE PLC IRELAND	$1,717,769,000	+9.8%	7,601,083	+4.3%	4.59%	-2.8%
CRM	Buy	SALESFORCE COM INC	$1,698,190,000	+35.0%	6,757,081	+0.6%	4.54%	+19.5%
NOW	Sell	SERVICENOW INC	$1,547,736,000	+11.5%	3,191,209	-6.8%	4.14%	-1.3%
PYPL	Sell	PAYPAL HLDGS INC	$1,545,520,000	+2.5%	7,844,084	-9.3%	4.13%	-9.3%
ADSK	Buy	AUTODESK INC	$1,458,883,000	+0.9%	6,315,238	+4.4%	3.90%	-10.7%
DG	Buy	DOLLAR GEN CORP NEW	$1,184,678,000	+12.4%	5,651,553	+2.2%	3.17%	-0.5%
SBUX	Buy	STARBUCKS CORP	$1,130,753,000	+20.3%	13,160,538	+3.1%	3.02%	+6.5%
REGN	Buy	REGENERON PHARMACEUTICALS	$1,084,662,000	-5.7%	1,937,657	+5.0%	2.90%	-16.6%
UNH	New	UNITEDHEALTH GROUP INC	$1,065,958,000	–	3,419,053	–	2.85%	–
NKE	Buy	NIKE INCcl b	$897,800,000	+29.8%	7,151,504	+1.4%	2.40%	+14.9%
ALGN	Sell	ALIGN TECHNOLOGY INC	$850,419,000	-4.9%	2,597,811	-20.3%	2.28%	-15.8%
IT	Buy	GARTNER INC	$779,827,000	+5.1%	6,241,116	+2.1%	2.09%	-7.0%
ISRG	New	INTUITIVE SURGICAL INC	$698,733,000	–	984,769	–	1.87%	–
GOOGL	Buy	ALPHABET INCcap stk cl a	$663,068,000	+5.6%	452,421	+2.2%	1.77%	-6.6%
MSCI	Sell	MSCI INC	$643,638,000	-19.4%	1,804,019	-24.6%	1.72%	-28.6%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$282,464,000	+80.4%	960,828	+32.4%	0.76%	+59.6%
ILMN	New	ILLUMINA INC	$173,942,000	–	562,775	–	0.46%	–
ICLR	Buy	ICON PLC	$104,047,000	+60.7%	544,491	+41.6%	0.28%	+41.8%
SAP	Buy	SAP SEspon adr	$83,722,000	+49.9%	537,334	+34.7%	0.22%	+32.5%
MDT	Buy	MEDTRONIC PLC	$73,638,000	+60.6%	708,601	+41.7%	0.20%	+41.7%
EDU	Buy	NEW ORIENTAL ED & TECHNOLOGYspon adr	$69,039,000	+62.9%	461,798	+41.9%	0.18%	+44.5%
AON	New	AON PLC	$67,616,000	–	327,757	–	0.18%	–
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$57,915,000	-93.6%	415,192	-93.2%	0.16%	-94.3%
EL	New	LAUDER ESTEE COS INCcl a	$36,814,000	–	168,680	–	0.10%	–
ORCL	Buy	ORACLE CORP	$36,667,000	+32.2%	614,183	+22.4%	0.10%	+16.7%
CHKP	Buy	CHECK POINT SOFTWARE TECH LTord	$35,501,000	+58.7%	295,007	+41.6%	0.10%	+39.7%
UL	Buy	UNILEVER PLCspon adr new	$34,453,000	+51.8%	558,576	+35.0%	0.09%	+33.3%
RELX	Sell	RELX PLCsponsored adr	$16,780,000	-28.8%	750,119	-25.0%	0.04%	-36.6%
ETSY	Buy	ETSY INC	$8,425,000	+36.8%	69,267	+19.5%	0.02%	+21.1%
GLOB	Buy	GLOBANT S A	$8,706,000	+39.9%	48,576	+16.9%	0.02%	+21.1%
WING	Buy	WINGSTOP INC	$6,964,000	+17.3%	50,964	+19.3%	0.02%	+5.6%
APPF	Buy	APPFOLIO INC	$7,261,000	+4.0%	51,199	+19.3%	0.02%	-9.5%
TREX	Buy	TREX CO INC	$6,095,000	+31.8%	85,123	+139.4%	0.02%	+14.3%
FOXF	Buy	FOX FACTORY HLDG CORP	$5,895,000	+7.2%	79,307	+19.2%	0.02%	-5.9%
BL	Buy	BLACKLINE INC	$5,812,000	+104.8%	64,848	+89.4%	0.02%	+77.8%
EXPO	Buy	EXPONENT INC	$6,138,000	+6.0%	85,211	+19.0%	0.02%	-11.1%
WDFC	Buy	WD-40 CO	$5,449,000	+25.4%	28,782	+31.4%	0.02%	+15.4%
FND	Buy	FLOOR & DECOR HLDGS INCcl a	$5,526,000	+53.9%	73,879	+18.6%	0.02%	+36.4%
ALRM	Buy	ALARM COM HLDGS INC	$5,118,000	+6.3%	92,629	+24.7%	0.01%	-6.7%
IWF	Sell	ISHARES TRrus 1000 grw etf	$5,363,000	-58.9%	24,725	-63.6%	0.01%	-64.1%
GSHD	New	GOOSEHEAD INS INC	$5,415,000	–	62,534	–	0.01%	–
HELE	Buy	HELEN OF TROY LTD	$5,173,000	+22.6%	26,729	+19.4%	0.01%	+7.7%
POOL	Buy	POOL CORP	$4,767,000	+46.5%	14,250	+19.0%	0.01%	+30.0%
ENV	Buy	ENVESTNET INC	$4,311,000	+32.6%	55,872	+26.4%	0.01%	+20.0%
MASI	Buy	MASIMO CORP	$4,347,000	+21.5%	18,414	+17.4%	0.01%	+9.1%
HLI	Buy	HOULIHAN LOKEY INCcl a	$4,662,000	+87.5%	78,945	+76.6%	0.01%	+50.0%
TREE	Buy	LENDINGTREE INC NEW	$4,306,000	+25.7%	14,032	+18.6%	0.01%	+20.0%
QLYS	Buy	QUALYS INC	$4,065,000	+86.6%	41,478	+98.0%	0.01%	+57.1%
AMN	Buy	AMN HEALTHCARE SVCS INC	$3,557,000	+53.4%	60,847	+18.7%	0.01%	+42.9%
EEFT	Buy	EURONET WORLDWIDE INC	$3,866,000	+18.7%	42,432	+24.9%	0.01%	0.0%
PCTY	Buy	PAYLOCITY HLDG CORP	$3,567,000	+31.4%	22,097	+18.8%	0.01%	+25.0%
YETI	Buy	YETI HLDGS INC	$3,695,000	+25.9%	81,533	+18.7%	0.01%	+11.1%
MEDP	Buy	MEDPACE HLDGS INC	$3,755,000	+42.3%	33,599	+18.4%	0.01%	+25.0%
RVLV	Buy	REVOLVE GROUP INCcl a	$3,441,000	+31.2%	209,419	+18.7%	0.01%	+12.5%
BLKB	Buy	BLACKBAUD INC	$2,927,000	+16.0%	52,431	+18.6%	0.01%	0.0%
MBUU	New	MALIBU BOATS INC	$2,744,000	–	55,360	–	0.01%	–
ALTR	Buy	ALTAIR ENGR INC	$2,679,000	+25.4%	63,809	+18.7%	0.01%	+16.7%
ACWX	Exit	ISHARES TRmsci acwi ex us	$0	–	-5,231	–	-0.00%	–
FIVE	Exit	FIVE BELOW INC	$0	–	-22,763	–	-0.01%	–
LMAT	Exit	LEMAITRE VASCULAR INC	$0	–	-93,546	–	-0.01%	–
TXRH	Exit	TEXAS ROADHOUSE INC	$0	–	-50,300	–	-0.01%	–
EPAM	Exit	EPAM SYS INC	$0	–	-13,089	–	-0.01%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$3,593,570,000	–	17,657,952	–	10.86%	–
FB	New	FACEBOOK INCcl a	$2,670,210,000	–	11,759,416	–	8.07%	–
ADBE	New	ADOBE INC	$2,425,563,000	–	5,572,036	–	7.33%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,299,177,000	–	1,626,458	–	6.95%	–
V	New	VISA INC	$1,734,046,000	–	8,976,785	–	5.24%	–
ABT	New	ABBOTT LABS	$1,710,819,000	–	18,711,795	–	5.17%	–
MA	New	MASTERCARD INCORPORATEDcl a	$1,622,103,000	–	5,485,637	–	4.90%	–
ACN	New	ACCENTURE PLC IRELAND	$1,564,511,000	–	7,286,282	–	4.73%	–
PYPL	New	PAYPAL HLDGS INC	$1,507,432,000	–	8,651,965	–	4.56%	–
ZTS	New	ZOETIS INCcl a	$1,477,316,000	–	10,780,182	–	4.46%	–
ADSK	New	AUTODESK INC	$1,446,285,000	–	6,046,593	–	4.37%	–
NOW	New	SERVICENOW INC	$1,387,577,000	–	3,425,610	–	4.19%	–
CRM	New	SALESFORCE COM INC	$1,257,799,000	–	6,714,347	–	3.80%	–
REGN	New	REGENERON PHARMACEUTICALS	$1,150,343,000	–	1,844,534	–	3.48%	–
DG	New	DOLLAR GEN CORP NEW	$1,053,520,000	–	5,530,001	–	3.18%	–
SBUX	New	STARBUCKS CORP	$939,805,000	–	12,770,818	–	2.84%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$906,986,000	–	6,091,655	–	2.74%	–
ALGN	New	ALIGN TECHNOLOGY INC	$894,232,000	–	3,258,389	–	2.70%	–
MSCI	New	MSCI INC	$798,217,000	–	2,391,159	–	2.41%	–
IT	New	GARTNER INC	$741,693,000	–	6,113,024	–	2.24%	–
NKE	New	NIKE INCcl b	$691,437,000	–	7,051,882	–	2.09%	–
GOOGL	New	ALPHABET INCcap stk cl a	$628,001,000	–	442,862	–	1.90%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$156,537,000	–	725,715	–	0.47%	–
ICLR	New	ICON PLC	$64,757,000	–	384,405	–	0.20%	–
SAP	New	SAP SEspon adr	$55,857,000	–	398,975	–	0.17%	–
MDT	New	MEDTRONIC PLC	$45,854,000	–	500,041	–	0.14%	–
EDU	New	NEW ORIENTAL ED & TECHNOLOGYspon adr	$42,388,000	–	325,485	–	0.13%	–
ORCL	New	ORACLE CORP	$27,737,000	–	501,851	–	0.08%	–
RELX	New	RELX PLCsponsored adr	$23,577,000	–	1,000,703	–	0.07%	–
UL	New	UNILEVER PLCspon adr new	$22,701,000	–	413,651	–	0.07%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$22,375,000	–	208,277	–	0.07%	–
IWF	New	ISHARES TRrus 1000 grw etf	$13,041,000	–	67,938	–	0.04%	–
APPF	New	APPFOLIO INC	$6,981,000	–	42,905	–	0.02%	–
ETSY	New	ETSY INC	$6,159,000	–	57,982	–	0.02%	–
GLOB	New	GLOBANT S A	$6,224,000	–	41,537	–	0.02%	–
EXPO	New	EXPONENT INC	$5,793,000	–	71,584	–	0.02%	–
WING	New	WINGSTOP INC	$5,937,000	–	42,723	–	0.02%	–
FOXF	New	FOX FACTORY HLDG CORP	$5,497,000	–	66,545	–	0.02%	–
ALRM	New	ALARM COM HLDGS INC	$4,816,000	–	74,306	–	0.02%	–
TREX	New	TREX CO INC	$4,626,000	–	35,563	–	0.01%	–
WDFC	New	WD-40 CO	$4,344,000	–	21,907	–	0.01%	–
HELE	New	HELEN OF TROY CORP LTD	$4,219,000	–	22,377	–	0.01%	–
MASI	New	MASIMO CORP	$3,577,000	–	15,690	–	0.01%	–
FND	New	FLOOR & DECOR HLDGS INCcl a	$3,590,000	–	62,273	–	0.01%	–
TREE	New	LENDINGTREE INC NEW	$3,425,000	–	11,830	–	0.01%	–
POOL	New	POOL CORPORATION	$3,255,000	–	11,971	–	0.01%	–
EEFT	New	EURONET WORLDWIDE INC	$3,256,000	–	33,982	–	0.01%	–
ENV	New	ENVESTNET INC	$3,250,000	–	44,194	–	0.01%	–
EPAM	New	EPAM SYS INC	$3,299,000	–	13,089	–	0.01%	–
YETI	New	YETI HLDGS INC	$2,935,000	–	68,680	–	0.01%	–
BL	New	BLACKLINE INC	$2,838,000	–	34,233	–	0.01%	–
RVLV	New	REVOLVE GROUP INCcl a	$2,623,000	–	176,483	–	0.01%	–
TXRH	New	TEXAS ROADHOUSE INC	$2,644,000	–	50,300	–	0.01%	–
PCTY	New	PAYLOCITY HLDG CORP	$2,714,000	–	18,605	–	0.01%	–
HLI	New	HOULIHAN LOKEY INCcl a	$2,487,000	–	44,701	–	0.01%	–
BLKB	New	BLACKBAUD INC	$2,524,000	–	44,211	–	0.01%	–
MEDP	New	MEDPACE HLDGS INC	$2,639,000	–	28,374	–	0.01%	–
LMAT	New	LEMAITRE VASCULAR INC	$2,470,000	–	93,546	–	0.01%	–
AMN	New	AMN HEALTHCARE SVCS INC	$2,319,000	–	51,253	–	0.01%	–
QLYS	New	QUALYS INC	$2,179,000	–	20,945	–	0.01%	–
FIVE	New	FIVE BELOW INC	$2,434,000	–	22,763	–	0.01%	–
ALTR	New	ALTAIR ENGR INC	$2,136,000	–	53,745	–	0.01%	–
ACWX	New	ISHARES TRmsci acwi ex us	$226,000	–	5,231	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
MED	Exit	MEDIFAST INC	$0	–	-4,863	–	-0.00%	–
FIVE	Exit	FIVE BELOW INC	$0	–	-5,028	–	-0.00%	–
TXRH	Exit	TEXAS ROADHOUSE INC	$0	–	-12,392	–	-0.00%	–
ALTR	Exit	ALTAIR ENGR INC	$0	–	-19,708	–	-0.00%	–
EXLS	Exit	EXLSERVICE HOLDINGS INC	$0	–	-10,927	–	-0.00%	–
OLLI	Exit	OLLIES BARGAIN OUTLT HLDGS I	$0	–	-11,758	–	-0.00%	–
LFUS	Exit	LITTELFUSE INC	$0	–	-4,675	–	-0.00%	–
APPF	Exit	APPFOLIO INC	$0	–	-8,209	–	-0.00%	–
NEOG	Exit	NEOGEN CORP	$0	–	-12,082	–	-0.00%	–
LOPE	Exit	GRAND CANYON ED INC	$0	–	-9,145	–	-0.00%	–
USPH	Exit	U S PHYSICAL THERAPY INC	$0	–	-7,055	–	-0.00%	–
TREE	Exit	LENDINGTREE INC NEW	$0	–	-2,645	–	-0.00%	–
EPAM	Exit	EPAM SYS INC	$0	–	-4,625	–	-0.00%	–
ALRM	Exit	ALARM COM HLDGS INC	$0	–	-17,769	–	-0.00%	–
CMD	Exit	CANTEL MEDICAL CORP	$0	–	-12,115	–	-0.00%	–
AMN	Exit	AMN HEALTHCARE SERVICES INC	$0	–	-13,540	–	-0.00%	–
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-6,580	–	-0.00%	–
LMAT	Exit	LEMAITRE VASCULAR INC	$0	–	-29,336	–	-0.01%	–
MASI	Exit	MASIMO CORP	$0	–	-6,608	–	-0.01%	–
FND	Exit	FLOOR & DECOR HLDGS INCcl a	$0	–	-22,949	–	-0.01%	–
PAYC	Exit	PAYCOM SOFTWARE INC	$0	–	-6,232	–	-0.01%	–
MDSO	Exit	MEDIDATA SOLUTIONS INC	$0	–	-13,864	–	-0.01%	–
BLKB	Exit	BLACKBAUD INC	$0	–	-16,297	–	-0.01%	–
TREX	Exit	TREX CO INC	$0	–	-16,308	–	-0.01%	–
FOXF	Exit	FOX FACTORY HLDG CORP	$0	–	-27,563	–	-0.01%	–
GLOB	Exit	GLOBANT S A	$0	–	-22,221	–	-0.01%	–
POOL	Exit	POOL CORPORATION	$0	–	-10,122	–	-0.01%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-69,149	–	-0.02%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-45,549	–	-0.03%	–
ABT	Exit	ABBOTT LABS	$0	–	-121,639	–	-0.05%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-122,199	–	-0.06%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-620,112	–	-0.07%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-318,854	–	-0.09%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-218,002	–	-0.11%	–
SAP	Exit	SAP SEspon adr	$0	–	-230,690	–	-0.12%	–
ICLR	Exit	ICON PLC	$0	–	-223,758	–	-0.15%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-291,745	–	-0.22%	–
MSCI	Exit	MSCI INC	$0	–	-2,070,846	–	-2.08%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-1,642,210	–	-2.10%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-398,393	–	-2.24%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,780,515	–	-2.32%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-260,988	–	-2.36%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-7,309,875	–	-2.98%	–
IT	Exit	GARTNER INC	$0	–	-5,175,006	–	-3.41%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-7,492,543	–	-3.58%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-4,878,159	–	-3.63%	–
ORCL	Exit	ORACLE CORP	$0	–	-15,058,061	–	-3.82%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-2,257,782	–	-4.14%	–
NKE	Exit	NIKE INCcl b	$0	–	-10,550,920	–	-4.56%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-6,252,710	–	-4.58%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-6,099,712	–	-5.40%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-4,565,009	–	-5.71%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-10,532,561	–	-6.04%	–
ADBE	Exit	ADOBE INC	$0	–	-4,811,910	–	-6.12%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,363,684	–	-7.66%	–
V	Exit	VISA INC	$0	–	-9,883,293	–	-7.83%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-9,798,570	–	-8.04%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-16,176,430	–	-10.36%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$2,249,009,000	+7.7%	16,176,430	+3.7%	10.36%	+2.3%
FB	Buy	FACEBOOK INCcl a	$1,744,929,000	-3.4%	9,798,570	+4.7%	8.04%	-8.2%
V	Buy	VISA INC	$1,700,025,000	+2.7%	9,883,293	+3.6%	7.83%	-2.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$1,662,331,000	+16.5%	1,363,684	+3.3%	7.66%	+10.7%
ADBE	Buy	ADOBE INC	$1,329,290,000	-2.2%	4,811,910	+4.3%	6.12%	-7.1%
ZTS	Buy	ZOETIS INCcl a	$1,312,252,000	+13.5%	10,532,561	+3.4%	6.04%	+7.8%
MA	Buy	MASTERCARD INCcl a	$1,239,719,000	+6.7%	4,565,009	+3.9%	5.71%	+1.4%
ACN	Buy	ACCENTURE PLC IRELAND	$1,173,280,000	+8.7%	6,099,712	+4.4%	5.40%	+3.3%
DG	Buy	DOLLAR GEN CORP NEW	$993,806,000	+21.3%	6,252,710	+3.2%	4.58%	+15.2%
NKE	Buy	NIKE INCcl b	$990,942,000	+15.8%	10,550,920	+3.5%	4.56%	+10.1%
ORLY	Buy	O REILLY AUTOMOTIVE INC NEW	$899,749,000	+12.6%	2,257,782	+4.3%	4.14%	+6.9%
ORCL	Buy	ORACLE CORP	$828,645,000	+0.7%	15,058,061	+4.3%	3.82%	-4.3%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$787,432,000	+1.8%	4,878,159	+4.3%	3.63%	-3.2%
PYPL	Buy	PAYPAL HLDGS INC	$776,153,000	-5.5%	7,492,543	+4.5%	3.58%	-10.2%
IT	Buy	GARTNER INC	$739,974,000	-7.2%	5,175,006	+4.4%	3.41%	-11.8%
SBUX	Sell	STARBUCKS CORP	$646,339,000	-31.8%	7,309,875	-35.4%	2.98%	-35.2%
BKNG	Buy	BOOKING HLDGS INC	$512,218,000	+9.9%	260,988	+4.9%	2.36%	+4.4%
ALGN	Buy	ALIGN TECHNOLOGY INC	$503,051,000	-29.4%	2,780,515	+6.8%	2.32%	-32.9%
GOOGL	Buy	ALPHABET INCcap stk cl a	$486,494,000	+16.4%	398,393	+3.2%	2.24%	+10.6%
REGN	Buy	REGENERON PHARMACEUTICALS	$455,549,000	-8.2%	1,642,210	+3.6%	2.10%	-12.8%
MSCI	New	MSCI INC	$450,927,000	–	2,070,846	–	2.08%	–
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$48,789,000	+34.7%	291,745	+36.5%	0.22%	+27.8%
ICLR	Buy	ICON PLC	$32,969,000	+43.7%	223,758	+50.1%	0.15%	+36.9%
SAP	Buy	SAP SEspon adr	$27,191,000	+31.6%	230,690	+52.8%	0.12%	+25.0%
MDT	Buy	MEDTRONIC PLC	$23,679,000	+67.0%	218,002	+49.8%	0.11%	+58.0%
UL	Buy	UNILEVER PLCspon adr new	$19,163,000	+53.2%	318,854	+58.0%	0.09%	+44.3%
RELX	Buy	RELX PLCsponsored adr	$14,709,000	+53.4%	620,112	+57.9%	0.07%	+47.8%
CHKP	Buy	CHECK POINT SOFTWARE TECH LTord	$13,381,000	+42.3%	122,199	+50.2%	0.06%	+34.8%
ABT	New	ABBOTT LABS	$10,178,000	–	121,639	–	0.05%	–
IWF	Sell	ISHARES TRrus 1000 grw etf	$7,271,000	-10.1%	45,549	-11.4%	0.03%	-15.4%
NVO	Buy	NOVO-NORDISK A Sadr	$3,575,000	+18.0%	69,149	+16.5%	0.02%	+6.7%
POOL	Buy	POOL CORPORATION	$2,042,000	+6.9%	10,122	+1.1%	0.01%	0.0%
GLOB	Buy	GLOBANT S A	$2,035,000	-4.9%	22,221	+4.9%	0.01%	-10.0%
FOXF	Buy	FOX FACTORY HLDG CORP	$1,716,000	-23.9%	27,563	+0.8%	0.01%	-27.3%
BLKB	Buy	BLACKBAUD INC	$1,472,000	+9.4%	16,297	+1.1%	0.01%	0.0%
TREX	Buy	TREX CO INC	$1,483,000	+28.0%	16,308	+0.9%	0.01%	+16.7%
MDSO	Buy	MEDIDATA SOLUTIONS INC	$1,269,000	+2.2%	13,864	+1.0%	0.01%	0.0%
PAYC	Buy	PAYCOM SOFTWARE INC	$1,306,000	-6.5%	6,232	+1.1%	0.01%	-14.3%
FND	Buy	FLOOR & DECOR HLDGS INCcl a	$1,174,000	+23.6%	22,949	+1.2%	0.01%	0.0%
MASI	Buy	MASIMO CORP	$983,000	+1.5%	6,608	+1.6%	0.01%	0.0%
LMAT	Buy	LEMAITRE VASCULAR INC	$1,003,000	+24.1%	29,336	+1.6%	0.01%	+25.0%
CMD	Buy	CANTEL MEDICAL CORP	$906,000	-6.0%	12,115	+1.4%	0.00%	-20.0%
LOPE	Buy	GRAND CANYON ED INC	$898,000	-15.0%	9,145	+1.3%	0.00%	-20.0%
LFUS	Buy	LITTELFUSE INC	$829,000	+1.7%	4,675	+1.5%	0.00%	0.0%
AMN	Buy	AMN HEALTHCARE SERVICES INC	$779,000	+7.3%	13,540	+1.1%	0.00%	0.0%
EEFT	Buy	EURONET WORLDWIDE INC	$963,000	-12.0%	6,580	+1.2%	0.00%	-20.0%
EPAM	Buy	EPAM SYS INC	$843,000	+6.6%	4,625	+1.2%	0.00%	0.0%
ALRM	Buy	ALARM COM HLDGS INC	$829,000	-12.1%	17,769	+0.8%	0.00%	-20.0%
NEOG	Buy	NEOGEN CORP	$823,000	+11.2%	12,082	+1.4%	0.00%	0.0%
USPH	Buy	U S PHYSICAL THERAPY INC	$921,000	+7.7%	7,055	+1.2%	0.00%	0.0%
APPF	New	APPFOLIO INC	$781,000	–	8,209	–	0.00%	–
TREE	Buy	LENDINGTREE INC NEW	$821,000	-25.0%	2,645	+1.5%	0.00%	-20.0%
EXLS	Buy	EXLSERVICE HOLDINGS INC	$732,000	+3.5%	10,927	+2.2%	0.00%	0.0%
OLLI	Buy	OLLIES BARGAIN OUTLT HLDGS I	$689,000	-32.1%	11,758	+1.1%	0.00%	-40.0%
FIVE	Buy	FIVE BELOW INC	$634,000	+6.2%	5,028	+1.0%	0.00%	0.0%
TXRH	Buy	TEXAS ROADHOUSE INC	$651,000	-1.4%	12,392	+0.8%	0.00%	0.0%
ALTR	Buy	ALTAIR ENGR INC	$682,000	+38.1%	19,708	+61.0%	0.00%	+50.0%
MED	Buy	MEDIFAST INC	$504,000	-19.0%	4,863	+0.4%	0.00%	-33.3%
INGN	Exit	INOGEN INC	$0	–	-5,083	–	-0.00%	–

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$2,089,166,000	–	15,595,445	–	10.13%	–
FB	New	FACEBOOK INCcl a	$1,806,031,000	–	9,357,675	–	8.76%	–
V	New	VISA INC	$1,655,436,000	–	9,538,670	–	8.03%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,426,398,000	–	1,319,627	–	6.92%	–
ADBE	New	ADOBE INC	$1,358,805,000	–	4,611,589	–	6.59%	–
MA	New	MASTERCARD INCcl a	$1,161,833,000	–	4,392,067	–	5.63%	–
ZTS	New	ZOETIS INCcl a	$1,156,299,000	–	10,188,554	–	5.61%	–
ACN	New	ACCENTURE PLC IRELAND	$1,079,406,000	–	5,841,892	–	5.23%	–
SBUX	New	STARBUCKS CORP	$947,877,000	–	11,307,128	–	4.60%	–
NKE	New	NIKE INCcl b	$855,453,000	–	10,190,033	–	4.15%	–
ORCL	New	ORACLE CORP	$822,884,000	–	14,444,171	–	3.99%	–
PYPL	New	PAYPAL HLDGS INC	$821,038,000	–	7,173,147	–	3.98%	–
DG	New	DOLLAR GEN CORP NEW	$819,276,000	–	6,061,528	–	3.97%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$799,345,000	–	2,164,369	–	3.88%	–
IT	New	GARTNER INC	$797,449,000	–	4,954,947	–	3.87%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$773,133,000	–	4,676,299	–	3.75%	–
ALGN	New	ALIGN TECHNOLOGY INC	$712,533,000	–	2,603,337	–	3.45%	–
REGN	New	REGENERON PHARMACEUTICALS	$496,140,000	–	1,585,113	–	2.40%	–
BKNG	New	BOOKING HLDGS INC	$466,227,000	–	248,693	–	2.26%	–
GOOGL	New	ALPHABET INCcap stk cl a	$417,887,000	–	385,932	–	2.03%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$36,215,000	–	213,719	–	0.18%	–
ICLR	New	ICON PLC	$22,950,000	–	149,054	–	0.11%	–
SAP	New	SAP SEspon adr	$20,657,000	–	151,003	–	0.10%	–
MDT	New	MEDTRONIC PLC	$14,176,000	–	145,554	–	0.07%	–
UL	New	UNILEVER PLCspon adr new	$12,509,000	–	201,849	–	0.06%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$9,404,000	–	81,343	–	0.05%	–
RELX	New	RELX PLCsponsored adr	$9,589,000	–	392,824	–	0.05%	–
IWF	New	ISHARES TRrus 1000 grw etf	$8,092,000	–	51,432	–	0.04%	–
NVO	New	NOVO-NORDISK A Sadr	$3,029,000	–	59,343	–	0.02%	–
FOXF	New	FOX FACTORY HLDG CORP	$2,256,000	–	27,342	–	0.01%	–
GLOB	New	GLOBANT S A	$2,140,000	–	21,174	–	0.01%	–
POOL	New	POOL CORPORATION	$1,911,000	–	10,007	–	0.01%	–
BLKB	New	BLACKBAUD INC	$1,346,000	–	16,119	–	0.01%	–
PAYC	New	PAYCOM SOFTWARE INC	$1,397,000	–	6,162	–	0.01%	–
TREX	New	TREX CO INC	$1,159,000	–	16,164	–	0.01%	–
MDSO	New	MEDIDATA SOLUTIONS INC	$1,242,000	–	13,726	–	0.01%	–
FND	New	FLOOR & DECOR HLDGS INCcl a	$950,000	–	22,671	–	0.01%	–
TREE	New	LENDINGTREE INC NEW	$1,095,000	–	2,607	–	0.01%	–
MASI	New	MASIMO CORP	$968,000	–	6,506	–	0.01%	–
EEFT	New	EURONET WORLDWIDE INC	$1,094,000	–	6,500	–	0.01%	–
CMD	New	CANTEL MEDICAL CORP	$964,000	–	11,952	–	0.01%	–
LOPE	New	GRAND CANYON ED INC	$1,057,000	–	9,031	–	0.01%	–
OLLI	New	OLLIES BARGAIN OUTLT HLDGS I	$1,014,000	–	11,635	–	0.01%	–
ALRM	New	ALARM COM HLDGS INC	$943,000	–	17,630	–	0.01%	–
LFUS	New	LITTELFUSE INC	$815,000	–	4,605	–	0.00%	–
LMAT	New	LEMAITRE VASCULAR INC	$808,000	–	28,881	–	0.00%	–
USPH	New	U S PHYSICAL THERAPY INC	$855,000	–	6,972	–	0.00%	–
AMN	New	AMN HEALTHCARE SERVICES INC	$726,000	–	13,390	–	0.00%	–
EPAM	New	EPAM SYS INC	$791,000	–	4,570	–	0.00%	–
NEOG	New	NEOGEN CORP	$740,000	–	11,918	–	0.00%	–
EXLS	New	EXLSERVICE HOLDINGS INC	$707,000	–	10,688	–	0.00%	–
FIVE	New	FIVE BELOW INC	$597,000	–	4,976	–	0.00%	–
TXRH	New	TEXAS ROADHOUSE INC	$660,000	–	12,290	–	0.00%	–
MED	New	MEDIFAST INC	$622,000	–	4,845	–	0.00%	–
ALTR	New	ALTAIR ENGR INC	$494,000	–	12,242	–	0.00%	–
INGN	New	INOGEN INC	$339,000	–	5,083	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
EEFT	Exit	EURONET WORLDWIDE INC	$0	–	-3,842	–	-0.00%	–
PBH	Exit	PRESTIGE CONSMR HEALTHCARE I	$0	–	-7,188	–	-0.00%	–
EXLS	Exit	EXLSERVICE HOLDINGS INC	$0	–	-6,375	–	-0.00%	–
ELLI	Exit	ELLIE MAE INC	$0	–	-3,625	–	-0.00%	–
AMN	Exit	AMN HEALTHCARE SERVICES INC	$0	–	-7,902	–	-0.00%	–
EPAM	Exit	EPAM SYS INC	$0	–	-2,693	–	-0.00%	–
TREE	Exit	LENDINGTREE INC NEW	$0	–	-1,546	–	-0.00%	–
ALRM	Exit	ALARM COM HLDGS INC	$0	–	-10,412	–	-0.00%	–
LMAT	Exit	LEMAITRE VASCULAR INC	$0	–	-13,183	–	-0.00%	–
NEOG	Exit	NEOGEN CORP	$0	–	-7,051	–	-0.00%	–
MASI	Exit	MASIMO CORP	$0	–	-3,874	–	-0.00%	–
LOPE	Exit	GRAND CANYON ED INC	$0	–	-5,332	–	-0.00%	–
HCSG	Exit	HEALTHCARE SVCS GRP INC	$0	–	-11,342	–	-0.00%	–
GLOB	Exit	GLOBANT S A	$0	–	-8,593	–	-0.00%	–
MPWR	Exit	MONOLITHIC PWR SYS INC	$0	–	-3,903	–	-0.00%	–
LFUS	Exit	LITTELFUSE INC	$0	–	-2,724	–	-0.00%	–
TXRH	Exit	TEXAS ROADHOUSE INC	$0	–	-7,235	–	-0.00%	–
CMD	Exit	CANTEL MEDICAL CORP	$0	–	-7,070	–	-0.00%	–
NTRI	Exit	NUTRI SYS INC NEW	$0	–	-17,323	–	-0.00%	–
STMP	Exit	STAMPS COM INC	$0	–	-2,749	–	-0.00%	–
BLKB	Exit	BLACKBAUD INC	$0	–	-6,771	–	-0.00%	–
TREX	Exit	TREX CO INC	$0	–	-9,514	–	-0.00%	–
FIVE	Exit	FIVE BELOW INC	$0	–	-4,755	–	-0.00%	–
OLLI	Exit	OLLIES BARGAIN OUTLT HLDGS I	$0	–	-8,903	–	-0.01%	–
PAYC	Exit	PAYCOM SOFTWARE INC	$0	–	-5,981	–	-0.01%	–
POOL	Exit	POOL CORPORATION	$0	–	-5,916	–	-0.01%	–
FOXF	Exit	FOX FACTORY HLDG CORP	$0	–	-16,069	–	-0.01%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-25,750	–	-0.01%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-28,655	–	-0.02%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-237,947	–	-0.03%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-45,015	–	-0.03%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-122,458	–	-0.04%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-70,005	–	-0.04%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-32,399	–	-0.04%	–
SAP	Exit	SAP SEspon adr	$0	–	-71,300	–	-0.05%	–
ICLR	Exit	ICON PLC	$0	–	-82,500	–	-0.07%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-77,766	–	-0.07%	–
MDSO	Exit	MEDIDATA SOLUTIONS INC	$0	–	-616,652	–	-0.26%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-1,809,014	–	-2.29%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-345,670	–	-2.38%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-236,804	–	-2.67%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-1,488,492	–	-3.42%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,908,313	–	-3.66%	–
ORCL	Exit	ORACLE CORP	$0	–	-12,666,244	–	-3.72%	–
NVDA	Exit	NVIDIA CORP	$0	–	-2,502,154	–	-4.00%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-7,049,753	–	-4.39%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-2,111,097	–	-4.70%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-9,374,674	–	-4.89%	–
IT	Exit	GARTNER INC	$0	–	-5,492,634	–	-4.96%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-5,160,737	–	-5.00%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-2,824,418	–	-5.58%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-18,035,326	–	-5.84%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-7,149,461	–	-6.13%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-4,042,284	–	-6.21%	–
NKE	Exit	NIKE INCcl b	$0	–	-13,185,175	–	-6.36%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,014,131	–	-6.89%	–
V	Exit	VISA INC	$0	–	-8,393,660	–	-7.17%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-13,818,601	–	-9.00%	–

Q3 2018

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$1,580,433,000	+16.9%	13,818,601	+0.8%	9.00%	+3.7%
V	Buy	VISA INC	$1,259,804,000	+13.4%	8,393,660	+0.1%	7.17%	+0.5%
GOOG	Buy	ALPHABET INCcap stk cl c	$1,210,335,000	+7.7%	1,014,131	+0.6%	6.89%	-4.6%
NKE	Buy	NIKE INCcl b	$1,117,048,000	+6.4%	13,185,175	+0.1%	6.36%	-5.7%
ADBE	Sell	ADOBE SYS INC	$1,091,215,000	-19.6%	4,042,284	-27.4%	6.21%	-28.8%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$1,077,138,000	+12.4%	7,149,461	+0.0%	6.13%	-0.4%
SBUX	Buy	STARBUCKS CORP	$1,025,128,000	+70.8%	18,035,326	+46.8%	5.84%	+51.4%
ORLY	Sell	O REILLY AUTOMOTIVE INC NEW	$980,977,000	+26.5%	2,824,418	-0.4%	5.58%	+12.1%
ACN	Buy	ACCENTURE PLC IRELAND	$878,357,000	+4.8%	5,160,737	+0.7%	5.00%	-7.1%
IT	Buy	GARTNER INC	$870,582,000	+19.4%	5,492,634	+0.1%	4.96%	+5.8%
ZTS	Buy	ZOETIS INCcl a	$858,345,000	+8.4%	9,374,674	+0.9%	4.89%	-3.9%
ALGN	Sell	ALIGN TECHNOLOGY INC	$825,903,000	+2.0%	2,111,097	-10.8%	4.70%	-9.6%
DG	Buy	DOLLAR GEN CORP NEW	$770,538,000	+11.4%	7,049,753	+0.5%	4.39%	-1.2%
NVDA	New	NVIDIA CORP	$703,155,000	–	2,502,154	–	4.00%	–
ORCL	Sell	ORACLE CORP	$653,071,000	-8.6%	12,666,244	-21.9%	3.72%	-19.0%
FB	Buy	FACEBOOK INCcl a	$642,761,000	-14.5%	3,908,313	+1.0%	3.66%	-24.2%
REGN	Buy	REGENERON PHARMACEUTICALS	$601,410,000	+17.5%	1,488,492	+0.3%	3.42%	+4.1%
BKNG	Buy	BOOKING HLDGS INC	$469,819,000	-0.2%	236,804	+2.0%	2.67%	-11.5%
GOOGL	Buy	ALPHABET INCcap stk cl a	$417,251,000	+6.9%	345,670	+0.0%	2.38%	-5.3%
MA	Sell	MASTERCARD INCORPORATEDcl a	$402,705,000	-15.2%	1,809,014	-25.2%	2.29%	-24.9%
MDSO	Buy	MEDIDATA SOLUTIONS INC	$45,207,000	+7472.4%	616,652	+8218.5%	0.26%	+6325.0%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$12,813,000	+28.9%	77,766	+45.1%	0.07%	+14.1%
ICLR	Buy	ICON PLC	$12,684,000	+46.8%	82,500	+26.5%	0.07%	+28.6%
SAP	Buy	SAP SEspon adr	$8,770,000	+21.7%	71,300	+14.4%	0.05%	+8.7%
BIDU	Buy	BAIDU INCspon adr rep a	$7,409,000	+34.2%	32,399	+42.6%	0.04%	+20.0%
MDT	Buy	MEDTRONIC PLC	$6,887,000	+45.5%	70,005	+26.6%	0.04%	+30.0%
UL	Buy	UNILEVER PLCspon adr new	$6,732,000	+19.8%	122,458	+20.5%	0.04%	+5.6%
CHKP	Buy	CHECK POINT SOFTWARE TECH LTord	$5,297,000	+52.5%	45,015	+26.6%	0.03%	+36.4%
RELX	New	RELX PLCsponsored adr	$4,980,000	–	237,947	–	0.03%	–
IWF	Buy	ISHARES TRrus 1000 grw etf	$4,470,000	+27.2%	28,655	+17.3%	0.02%	+8.7%
NVO	Buy	NOVO-NORDISK A Sadr	$1,214,000	+7.3%	25,750	+5.0%	0.01%	0.0%
FOXF	Buy	FOX FACTORY HLDG CORP	$1,126,000	+64.4%	16,069	+9.1%	0.01%	+50.0%
POOL	Buy	POOL CORPORATION	$987,000	+20.1%	5,916	+9.0%	0.01%	+20.0%
PAYC	Buy	PAYCOM SOFTWARE INC	$930,000	+71.6%	5,981	+9.1%	0.01%	+66.7%
OLLI	Buy	OLLIES BARGAIN OUTLT HLDGS I	$856,000	+44.8%	8,903	+9.2%	0.01%	+25.0%
FIVE	Sell	FIVE BELOW INC	$618,000	+24.3%	4,755	-6.5%	0.00%	+33.3%
BLKB	Buy	BLACKBAUD INC	$687,000	+8.0%	6,771	+9.1%	0.00%	0.0%
CMD	Buy	CANTEL MEDICAL CORP	$650,000	+2.0%	7,070	+9.2%	0.00%	0.0%
STMP	Buy	STAMPS COM INC	$622,000	-2.2%	2,749	+9.3%	0.00%	0.0%
TREX	Buy	TREX CO INC	$732,000	+34.1%	9,514	+9.1%	0.00%	0.0%
NTRI	Buy	NUTRI SYS INC NEW	$642,000	+5.1%	17,323	+9.1%	0.00%	0.0%
MPWR	Buy	MONOLITHIC PWR SYS INC	$490,000	+2.5%	3,903	+9.1%	0.00%	0.0%
ALRM	Buy	ALARM COM HLDGS INC	$598,000	+55.3%	10,412	+9.1%	0.00%	+50.0%
LOPE	Buy	GRAND CANYON ED INC	$601,000	+10.3%	5,332	+9.2%	0.00%	0.0%
HCSG	Buy	HEALTHCARE SVCS GRP INC	$461,000	+2.7%	11,342	+9.2%	0.00%	0.0%
LMAT	Buy	LEMAITRE VASCULAR INC	$511,000	+54.8%	13,183	+33.9%	0.00%	+50.0%
LFUS	Buy	LITTELFUSE INC	$539,000	-5.3%	2,724	+9.3%	0.00%	-25.0%
MASI	Buy	MASIMO CORP	$482,000	+38.9%	3,874	+9.1%	0.00%	+50.0%
NEOG	Buy	NEOGEN CORP	$504,000	-2.7%	7,051	+9.1%	0.00%	0.0%
TXRH	Buy	TEXAS ROADHOUSE INC	$501,000	+15.2%	7,235	+9.0%	0.00%	0.0%
GLOB	Buy	GLOBANT S A	$507,000	+13.4%	8,593	+9.2%	0.00%	0.0%
AMN	Buy	AMN HEALTHCARE SERVICES INC	$432,000	+1.9%	7,902	+9.1%	0.00%	-33.3%
TREE	Buy	LENDINGTREE INC NEW	$356,000	+56.1%	1,546	+44.9%	0.00%	+100.0%
EXLS	Buy	EXLSERVICE HOLDINGS INC	$422,000	+27.5%	6,375	+9.1%	0.00%	0.0%
EEFT	Buy	EURONET WORLDWIDE INC	$385,000	+30.5%	3,842	+9.1%	0.00%	0.0%
EPAM	Buy	EPAM SYS INC	$371,000	+21.2%	2,693	+9.2%	0.00%	0.0%
ELLI	New	ELLIE MAE INC	$344,000	–	3,625	–	0.00%	–
PBH	Buy	PRESTIGE CONSMR HEALTHCARE I	$272,000	+7.5%	7,188	+9.1%	0.00%	0.0%
WAGE	Exit	WAGEWORKS INC	$0	–	-4,146	–	-0.00%	–
CELG	Exit	CELGENE CORP	$0	–	-3,636	–	-0.00%	–
MKTX	Exit	MARKETAXESS HLDGS INC	$0	–	-1,281	–	-0.00%	–
RENX	Exit	RELX NVsponsored adr	$0	–	-197,501	–	-0.03%	–

Q2 2018

			Value		Shares		↓ Weighting
ADBE	New	ADOBE SYS INC	$1,357,872,000	–	5,569,384	–	8.72%	–
MSFT	New	MICROSOFT CORP	$1,351,406,000	–	13,704,554	–	8.68%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,124,220,000	–	1,007,682	–	7.22%	–
V	New	VISA INC	$1,110,995,000	–	8,388,030	–	7.14%	–
NKE	New	NIKE INCcl b	$1,049,772,000	–	13,174,844	–	6.74%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$958,691,000	–	7,146,946	–	6.16%	–
ACN	New	ACCENTURE PLC IRELAND	$838,303,000	–	5,124,412	–	5.38%	–
ALGN	New	ALIGN TECHNOLOGY INC	$809,766,000	–	2,366,768	–	5.20%	–
ZTS	New	ZOETIS INCcl a	$791,848,000	–	9,295,080	–	5.08%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$775,643,000	–	2,835,262	–	4.98%	–
FB	New	FACEBOOK INCcl a	$751,764,000	–	3,868,689	–	4.83%	–
IT	New	GARTNER INC	$729,278,000	–	5,487,422	–	4.68%	–
ORCL	New	ORACLE CORP	$714,411,000	–	16,214,494	–	4.59%	–
DG	New	DOLLAR GEN CORP NEW	$691,401,000	–	7,012,185	–	4.44%	–
SBUX	New	STARBUCKS CORP	$600,190,000	–	12,286,385	–	3.85%	–
REGN	New	REGENERON PHARMACEUTICALS	$511,839,000	–	1,483,634	–	3.29%	–
MA	New	MASTERCARD INCORPORATEDcl a	$475,151,000	–	2,417,823	–	3.05%	–
BKNG	New	BOOKING HLDGS INC	$470,733,000	–	232,221	–	3.02%	–
GOOGL	New	ALPHABET INCcap stk cl a	$390,323,000	–	345,666	–	2.51%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$9,943,000	–	53,594	–	0.06%	–
ICLR	New	ICON PLC	$8,643,000	–	65,218	–	0.06%	–
SAP	New	SAP SEspon adr	$7,209,000	–	62,332	–	0.05%	–
UL	New	UNILEVER PLCspon adr new	$5,619,000	–	101,652	–	0.04%	–
BIDU	New	BAIDU INCspon adr rep a	$5,522,000	–	22,723	–	0.04%	–
MDT	New	MEDTRONIC PLC	$4,732,000	–	55,279	–	0.03%	–
RENX	New	RELX NVsponsored adr	$4,213,000	–	197,501	–	0.03%	–
IWF	New	ISHARES TRrus 1000 grw etf	$3,514,000	–	24,438	–	0.02%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$3,473,000	–	35,553	–	0.02%	–
NVO	New	NOVO-NORDISK A Sadr	$1,131,000	–	24,519	–	0.01%	–
POOL	New	POOL CORPORATION	$822,000	–	5,426	–	0.01%	–
NTRI	New	NUTRI SYS INC NEW	$611,000	–	15,872	–	0.00%	–
BLKB	New	BLACKBAUD INC	$636,000	–	6,208	–	0.00%	–
CMD	New	CANTEL MEDICAL CORP	$637,000	–	6,475	–	0.00%	–
FOXF	New	FOX FACTORY HLDG CORP	$685,000	–	14,722	–	0.00%	–
LFUS	New	LITTELFUSE INC	$569,000	–	2,493	–	0.00%	–
MDSO	New	MEDIDATA SOLUTIONS INC	$597,000	–	7,413	–	0.00%	–
OLLI	New	OLLIES BARGAIN OUTLT HLDGS I	$591,000	–	8,156	–	0.00%	–
STMP	New	STAMPS COM INC	$636,000	–	2,515	–	0.00%	–
TREX	New	TREX CO INC	$546,000	–	8,721	–	0.00%	–
TXRH	New	TEXAS ROADHOUSE INC	$435,000	–	6,635	–	0.00%	–
MPWR	New	MONOLITHIC PWR SYS INC	$478,000	–	3,578	–	0.00%	–
LOPE	New	GRAND CANYON ED INC	$545,000	–	4,883	–	0.00%	–
FIVE	New	FIVE BELOW INC	$497,000	–	5,086	–	0.00%	–
NEOG	New	NEOGEN CORP	$518,000	–	6,460	–	0.00%	–
PAYC	New	PAYCOM SOFTWARE INC	$542,000	–	5,483	–	0.00%	–
GLOB	New	GLOBANT S A	$447,000	–	7,869	–	0.00%	–
HCSG	New	HEALTHCARE SVCS GRP INC	$449,000	–	10,390	–	0.00%	–
AMN	New	AMN HEALTHCARE SERVICES INC	$424,000	–	7,241	–	0.00%	–
CELG	New	CELGENE CORP	$289,000	–	3,636	–	0.00%	–
MASI	New	MASIMO CORP	$347,000	–	3,552	–	0.00%	–
PBH	New	PRESTIGE BRANDS HLDGS INC	$253,000	–	6,591	–	0.00%	–
MKTX	New	MARKETAXESS HLDGS INC	$253,000	–	1,281	–	0.00%	–
LMAT	New	LEMAITRE VASCULAR INC	$330,000	–	9,849	–	0.00%	–
ALRM	New	ALARM COM HLDGS INC	$385,000	–	9,546	–	0.00%	–
EXLS	New	EXLSERVICE HOLDINGS INC	$331,000	–	5,845	–	0.00%	–
EEFT	New	EURONET WORLDWIDE INC	$295,000	–	3,523	–	0.00%	–
EPAM	New	EPAM SYS INC	$306,000	–	2,465	–	0.00%	–
WAGE	New	WAGEWORKS INC	$207,000	–	4,146	–	0.00%	–
TREE	New	LENDINGTREE INC NEW	$228,000	–	1,067	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
CMD	Exit	CANTEL MEDICAL CORP	$0	–	-2,286	–	-0.00%	–
OLLI	Exit	OLLIES BARGAIN OUTLT HLDGS I	$0	–	-4,667	–	-0.00%	–
MDSO	Exit	MEDIDATA SOLUTIONS INC	$0	–	-2,622	–	-0.00%	–
TJX	Exit	TJX COS INC NEW	$0	–	-3,645	–	-0.00%	–
FOXF	Exit	FOX FACTORY HLDG CORP	$0	–	-5,216	–	-0.00%	–
POOL	Exit	POOL CORPORATION	$0	–	-1,913	–	-0.00%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-17,525	–	-0.01%	–
AAPL	Exit	APPLE INC	$0	–	-10,439	–	-0.01%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-7,178	–	-0.01%	–
RENX	Exit	RELX NVsponsored adr	$0	–	-87,259	–	-0.02%	–
SAP	Exit	SAP SEspon adr	$0	–	-21,213	–	-0.02%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-44,813	–	-0.02%	–
ICLR	Exit	ICON PLC	$0	–	-26,122	–	-0.02%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-30,148	–	-0.03%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-29,765	–	-0.03%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-27,883	–	-0.04%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-2,320,131	–	-2.64%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-344,614	–	-2.70%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-4,935,680	–	-3.22%	–
IT	Exit	GARTNER INC	$0	–	-4,072,192	–	-4.08%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-7,081,215	–	-4.25%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-3,065,176	–	-4.60%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-2,672,521	–	-4.63%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-1,373,614	–	-4.94%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-343,368	–	-5.06%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-11,748,596	–	-5.08%	–
NKE	Exit	NIKE INCcl b	$0	–	-12,586,480	–	-5.25%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-4,873,017	–	-5.30%	–
ORCL	Exit	ORACLE CORP	$0	–	-15,357,706	–	-5.98%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-6,813,929	–	-6.00%	–
CELG	Exit	CELGENE CORP	$0	–	-5,231,324	–	-6.14%	–
V	Exit	VISA INC	$0	–	-8,044,351	–	-6.82%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-955,618	–	-7.38%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-6,288,816	–	-7.55%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-5,940,032	–	-8.17%	–

Q3 2017

			Value		Shares		↓ Weighting
FB	Buy	FACEBOOK INCcl a	$1,014,973,000	+15.8%	5,940,032	+2.3%	8.17%	+6.6%
ADBE	Buy	ADOBE SYS INC	$938,166,000	+9.4%	6,288,816	+3.7%	7.55%	+0.7%
GOOG	Buy	ALPHABET INCcap stk cl c	$916,543,000	+8.8%	955,618	+3.1%	7.38%	+0.2%
V	Sell	VISA INC	$846,587,000	-13.4%	8,044,351	-22.8%	6.82%	-20.3%
CELG	Buy	CELGENE CORP	$762,832,000	+15.6%	5,231,324	+2.9%	6.14%	+6.4%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$744,899,000	+9.1%	6,813,929	+2.3%	6.00%	+0.4%
ORCL	Buy	ORACLE CORP	$742,545,000	+17.3%	15,357,706	+21.7%	5.98%	+8.0%
ACN	Buy	ACCENTURE PLC IRELAND	$658,198,000	+12.1%	4,873,017	+2.6%	5.30%	+3.2%
NKE	Buy	NIKE INCcl b	$652,609,000	-9.0%	12,586,480	+3.5%	5.25%	-16.3%
SBUX	Buy	STARBUCKS CORP	$631,017,000	-4.5%	11,748,596	+3.6%	5.08%	-12.1%
PCLN	Buy	PRICELINE GRP INC	$628,645,000	+0.5%	343,368	+2.7%	5.06%	-7.5%
REGN	Sell	REGENERON PHARMACEUTICALS	$614,170,000	-21.2%	1,373,614	-13.4%	4.94%	-27.4%
ORLY	Buy	O REILLY AUTOMOTIVE INC NEW	$575,581,000	+27.4%	2,672,521	+29.4%	4.63%	+17.3%
ALGN	Sell	ALIGN TECHNOLOGY INC	$570,950,000	+13.1%	3,065,176	-8.8%	4.60%	+4.1%
MSFT	New	MICROSOFT CORP	$527,480,000	–	7,081,215	–	4.25%	–
IT	Buy	GARTNER INC	$506,621,000	+3.2%	4,072,192	+2.5%	4.08%	-5.0%
DG	Buy	DOLLAR GEN CORP NEW	$400,037,000	+16.1%	4,935,680	+3.2%	3.22%	+6.8%
GOOGL	Sell	ALPHABET INCcap stk cl a	$335,558,000	-18.4%	344,614	-22.1%	2.70%	-25.0%
MA	Buy	MASTERCARD INCORPORATEDcl a	$327,602,000	+18.3%	2,320,131	+1.8%	2.64%	+8.9%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$4,816,000	+94.4%	27,883	+58.6%	0.04%	+77.3%
IWF	Sell	ISHARES TRrus 1000 grw etf	$3,722,000	-86.8%	29,765	-87.4%	0.03%	-87.8%
CHKP	Buy	CHECK POINT SOFTWARE TECH LTord	$3,437,000	+63.7%	30,148	+56.7%	0.03%	+55.6%
ICLR	Buy	ICON PLC	$2,975,000	+303.7%	26,122	+246.5%	0.02%	+300.0%
UL	Buy	UNILEVER PLCspon adr new	$2,597,000	+354.0%	44,813	+323.7%	0.02%	+320.0%
SAP	New	SAP SEspon adr	$2,326,000	–	21,213	–	0.02%	–
RENX	Buy	RELX NVsponsored adr	$1,861,000	+337.9%	87,259	+324.6%	0.02%	+275.0%
BIDU	Buy	BAIDU INCspon adr rep a	$1,778,000	+379.2%	7,178	+245.8%	0.01%	+366.7%
AAPL	Buy	APPLE INC	$1,609,000	+12.6%	10,439	+5.2%	0.01%	+8.3%
NVO	Buy	NOVO-NORDISK A Sadr	$844,000	+18.2%	17,525	+5.2%	0.01%	+16.7%
CMD	New	CANTEL MEDICAL CORP	$215,000	–	2,286	–	0.00%	–
FOXF	New	FOX FACTORY HLDG CORP	$225,000	–	5,216	–	0.00%	–
MDSO	New	MEDIDATA SOLUTIONS INC	$205,000	–	2,622	–	0.00%	–
OLLI	New	OLLIES BARGAIN OUTLT HLDGS I	$217,000	–	4,667	–	0.00%	–
POOL	New	POOL CORPORATION	$207,000	–	1,913	–	0.00%	–
TJX	Sell	TJX COS INC NEW	$269,000	-98.3%	3,645	-98.3%	0.00%	-98.6%
FAST	Exit	FASTENAL CO	$0	–	-26,400	–	-0.01%	–

Q2 2017

			Value		Shares		↓ Weighting
V	New	VISA INC	$977,733,000	–	10,425,812	–	8.55%	–
FB	New	FACEBOOK INCcl a	$876,506,000	–	5,805,442	–	7.67%	–
ADBE	New	ADOBE SYS INC	$857,484,000	–	6,062,530	–	7.50%	–
GOOG	New	ALPHABET INCcap stk cl c	$842,147,000	–	926,730	–	7.36%	–
REGN	New	REGENERON PHARMACEUTICALS	$779,105,000	–	1,586,320	–	6.81%	–
NKE	New	NIKE INCcl b	$717,359,000	–	12,158,635	–	6.27%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$682,578,000	–	6,661,902	–	5.97%	–
SBUX	New	STARBUCKS CORP	$660,949,000	–	11,335,091	–	5.78%	–
CELG	New	CELGENE CORP	$660,128,000	–	5,082,991	–	5.77%	–
ORCL	New	ORACLE CORP	$632,780,000	–	12,620,261	–	5.53%	–
PCLN	New	PRICELINE GRP INC	$625,558,000	–	334,430	–	5.47%	–
ACN	New	ACCENTURE PLC IRELAND	$587,326,000	–	4,748,751	–	5.14%	–
ALGN	New	ALIGN TECHNOLOGY INC	$504,789,000	–	3,362,570	–	4.42%	–
IT	New	GARTNER INC	$490,699,000	–	3,972,949	–	4.29%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$451,795,000	–	2,065,445	–	3.95%	–
GOOGL	New	ALPHABET INCcap stk cl a	$411,472,000	–	442,595	–	3.60%	–
DG	New	DOLLAR GEN CORP NEW	$344,644,000	–	4,780,742	–	3.01%	–
MA	New	MASTERCARD INCORPORATEDcl a	$276,835,000	–	2,279,419	–	2.42%	–
IWF	New	ISHARES TRrus 1000 grw etf	$28,124,000	–	236,298	–	0.25%	–
TJX	New	TJX COS INC NEW	$15,759,000	–	218,353	–	0.14%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$2,477,000	–	17,582	–	0.02%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$2,099,000	–	19,240	–	0.02%	–
AAPL	New	APPLE INC	$1,429,000	–	9,923	–	0.01%	–
FAST	New	FASTENAL CO	$1,149,000	–	26,400	–	0.01%	–
ICLR	New	ICON PLC	$737,000	–	7,539	–	0.01%	–
NVO	New	NOVO-NORDISK A Sadr	$714,000	–	16,653	–	0.01%	–
UL	New	UNILEVER PLCspon adr new	$572,000	–	10,577	–	0.01%	–
RENX	New	RELX NVsponsored adr	$425,000	–	20,553	–	0.00%	–
BIDU	New	BAIDU INCspon adr rep a	$371,000	–	2,076	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-14,050	–	-0.01%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-5,013	–	-0.01%	–
FAST	Exit	FASTENAL CO	$0	–	-23,480	–	-0.01%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-12,775	–	-0.01%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-11,535	–	-0.02%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-119,716	–	-0.15%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-1,773,731	–	-1.48%	–
ALGN	Exit	ALIGN TECHNOLOGY INC	$0	–	-1,741,340	–	-1.94%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-1,777,872	–	-2.16%	–
IT	Exit	GARTNER INC	$0	–	-3,176,639	–	-3.35%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-811,301	–	-3.89%	–
AAPL	Exit	APPLE INC	$0	–	-2,982,582	–	-4.02%	–
CELG	Exit	CELGENE CORP	$0	–	-3,426,051	–	-4.27%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-1,297,688	–	-4.33%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-457,885	–	-4.39%	–
NSRGY	Exit	NESTLE S. A. ADR	$0	–	-4,917,942	–	-4.63%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-4,507,960	–	-4.74%	–
ORCL	Exit	ORACLE CORP	$0	–	-10,133,372	–	-4.74%	–
TJX	Exit	TJX COS INC NEW	$0	–	-5,748,367	–	-5.12%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-3,964,016	–	-5.13%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-3,787,777	–	-5.51%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-9,022,392	–	-5.82%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-342,149	–	-6.00%	–
NKE	Exit	NIKE INCcl b	$0	–	-9,843,582	–	-6.18%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-740,384	–	-6.86%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-4,622,813	–	-7.06%	–
V	Exit	VISA INC	$0	–	-8,320,846	–	-8.20%	–

Q3 2016

			Value		Shares		↓ Weighting
V	Buy	VISA INC	$688,134,000	+15.0%	8,320,846	+3.1%	8.20%	+8.0%
FB	Buy	FACEBOOK INCcl a	$592,968,000	+16.6%	4,622,813	+3.8%	7.06%	+9.5%
GOOG	Buy	ALPHABET INCcap stk cl c	$575,493,000	+23.4%	740,384	+9.8%	6.86%	+15.9%
NKE	Buy	NIKE INCcl b	$518,265,000	-1.6%	9,843,582	+3.2%	6.18%	-7.6%
PCLN	Buy	PRICELINE GRP INC	$503,469,000	+21.2%	342,149	+2.8%	6.00%	+13.8%
SBUX	Buy	STARBUCKS CORP	$488,472,000	-2.2%	9,022,392	+3.2%	5.82%	-8.1%
ACN	Buy	ACCENTURE PLC IRELAND	$462,753,000	+10.8%	3,787,777	+2.7%	5.51%	+4.0%
ADBE	Buy	ADOBE SYS INC	$430,254,000	+17.0%	3,964,016	+3.2%	5.13%	+9.9%
TJX	Buy	TJX COS INC NEW	$429,863,000	-0.2%	5,748,367	+3.0%	5.12%	-6.3%
ORCL	Buy	ORACLE CORP	$398,039,000	-0.8%	10,133,372	+3.4%	4.74%	-6.8%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$397,602,000	-0.8%	4,507,960	+3.3%	4.74%	-6.8%
NSRGY	Buy	NESTLE S. A. ADR	$388,350,000	+6.0%	4,917,942	+3.5%	4.63%	-0.5%
GOOGL	Sell	ALPHABET INCcap stk cl a	$368,167,000	+7.5%	457,885	-5.9%	4.39%	+0.9%
ORLY	Buy	O REILLY AUTOMOTIVE INC NEW	$363,495,000	+6.6%	1,297,688	+3.2%	4.33%	+0.1%
CELG	Buy	CELGENE CORP	$358,125,000	+9.8%	3,426,051	+3.6%	4.27%	+3.1%
AAPL	Buy	APPLE INC	$337,181,000	+21.6%	2,982,582	+2.8%	4.02%	+14.2%
REGN	Buy	REGENERON PHARMACEUTICALS	$326,159,000	+18.5%	811,301	+3.0%	3.89%	+11.3%
IT	Buy	GARTNER INC	$280,974,000	-6.3%	3,176,639	+3.2%	3.35%	-12.0%
MA	Buy	MASTERCARD INCORPORATEDcl a	$180,934,000	+19.2%	1,777,872	+3.1%	2.16%	+11.9%
ALGN	Buy	ALIGN TECHNOLOGY INC	$163,251,000	+21.4%	1,741,340	+4.3%	1.94%	+13.9%
DG	New	DOLLAR GEN CORP NEW	$124,143,000	–	1,773,731	–	1.48%	–
IWF	Buy	ISHARES TRrus 1000 grw etf	$12,471,000	+4.7%	119,716	+0.9%	0.15%	-1.3%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$1,220,000	+53.7%	11,535	+15.6%	0.02%	+50.0%
FAST	Sell	FASTENAL CO	$981,000	-99.7%	23,480	-99.7%	0.01%	-99.7%
CHKP	Buy	CHECK POINT SOFTWARE TECH LTord	$991,000	+12.7%	12,775	+15.9%	0.01%	+9.1%
BIDU	Buy	BAIDU INCspon adr rep a	$913,000	+27.3%	5,013	+15.4%	0.01%	+22.2%
NVO	Buy	NOVO-NORDISK A Sadr	$584,000	-10.7%	14,050	+15.5%	0.01%	-12.5%
ARMH	Exit	ARM HLDGS PLCsponsored adr	$0	–	-7,360	–	-0.00%	–

Q2 2016

			Value		Shares		↓ Weighting
V	New	VISA INC	$598,586,000	–	8,070,457	–	7.60%	–
NKE	New	NIKE INCcl b	$526,541,000	–	9,538,792	–	6.68%	–
FB	New	FACEBOOK INCcl a	$508,745,000	–	4,451,740	–	6.46%	–
SBUX	New	STARBUCKS CORP	$499,412,000	–	8,743,210	–	6.34%	–
GOOG	New	ALPHABET INCcap stk cl c	$466,477,000	–	674,002	–	5.92%	–
TJX	New	TJX COS INC NEW	$430,830,000	–	5,578,531	–	5.47%	–
ACN	New	ACCENTURE PLC IRELAND	$417,790,000	–	3,687,789	–	5.30%	–
PCLN	New	PRICELINE GRP INC	$415,554,000	–	332,867	–	5.27%	–
ORCL	New	ORACLE CORP	$401,092,000	–	9,799,455	–	5.09%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$400,823,000	–	4,362,933	–	5.08%	–
ADBE	New	ADOBE SYS INC	$367,764,000	–	3,839,277	–	4.67%	–
NSRGY	New	NESTLE S. A. ADR	$366,492,000	–	4,751,003	–	4.65%	–
GOOGL	New	ALPHABET INCcap stk cl a	$342,424,000	–	486,723	–	4.34%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$340,882,000	–	1,257,405	–	4.32%	–
CELG	New	CELGENE CORP	$326,236,000	–	3,307,674	–	4.14%	–
FAST	New	FASTENAL CO	$317,985,000	–	7,163,432	–	4.03%	–
IT	New	GARTNER INC	$299,911,000	–	3,078,851	–	3.80%	–
AAPL	New	APPLE INC	$277,352,000	–	2,901,168	–	3.52%	–
REGN	New	REGENERON PHARMACEUTICALS	$275,148,000	–	787,870	–	3.49%	–
MA	New	MASTERCARD INCcl a	$151,829,000	–	1,724,150	–	1.93%	–
ALGN	New	ALIGN TECHNOLOGY INC	$134,528,000	–	1,670,121	–	1.71%	–
IWF	New	ISHARES TRrus 1000 grw etf	$11,913,000	–	118,698	–	0.15%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$879,000	–	11,026	–	0.01%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$794,000	–	9,978	–	0.01%	–
BIDU	New	BAIDU INCspon adr rep a	$717,000	–	4,343	–	0.01%	–
NVO	New	NOVO-NORDISK A Sadr	$654,000	–	12,164	–	0.01%	–
ARMH	New	ARM HLDGS PLCsponsored adr	$335,000	–	7,360	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-2,966	–	-0.00%	–
GWW	Exit	GRAINGER W W INC	$0	–	-1,246	–	-0.01%	–
IWF	Exit	ISHARES TRrus 1000 grw etf	$0	–	-5,068	–	-0.01%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-1,275,459	–	-2.11%	–
CELG	Exit	CELGENE CORP	$0	–	-1,687,289	–	-3.34%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-2,065,946	–	-3.40%	–
FAST	Exit	FASTENAL CO	$0	–	-5,126,885	–	-3.44%	–
IT	Exit	GARTNER INC	$0	–	-2,244,524	–	-3.45%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-2,744,000	–	-4.13%	–
ORLY	Exit	O REILLY AUTOMOTIVE INC NEW	$0	–	-915,633	–	-4.19%	–
AAPL	Exit	APPLE INC	$0	–	-2,111,493	–	-4.25%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-370,416	–	-4.32%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-3,142,746	–	-4.62%	–
NSRGY	Exit	Nestle S.A. Adr	$0	–	-3,406,351	–	-4.70%	–
ORCL	Exit	ORACLE CORP	$0	–	-7,134,873	–	-4.72%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,700,473	–	-4.86%	–
REGN	Exit	REGENERON PHARMACEUTICALS	$0	–	-575,505	–	-4.91%	–
TJX	Exit	TJX COS INC NEW	$0	–	-4,053,112	–	-5.30%	–
ABT	Exit	ABBOTT LABS	$0	–	-7,212,757	–	-5.32%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-242,483	–	-5.50%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-493,575	–	-5.50%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-6,344,218	–	-6.61%	–
V	Exit	VISA INC	$0	–	-5,853,523	–	-7.47%	–
NKE	Exit	NIKE INCcl b	$0	–	-3,472,225	–	-7.82%	–

Q3 2015

			Value		Shares		↓ Weighting
NKE	Buy	NIKE INCcl b	$426,980,000	+16.8%	3,472,225	+2.6%	7.82%	+10.5%
V	Buy	VISA INC	$407,756,000	+6.0%	5,853,523	+2.2%	7.47%	+0.3%
SBUX	Buy	STARBUCKS CORP	$360,605,000	+9.0%	6,344,218	+2.8%	6.61%	+3.1%
GOOG	Sell	GOOGLE INCcl c	$300,301,000	+15.1%	493,575	-1.5%	5.50%	+8.9%
PCLN	Buy	PRICELINE GRP INC	$299,918,000	+11.2%	242,483	+3.5%	5.50%	+5.2%
ABT	Buy	ABBOTT LABS	$290,097,000	-15.5%	7,212,757	+3.1%	5.32%	-20.1%
TJX	Buy	TJX COS INC NEW	$289,473,000	+11.2%	4,053,112	+3.1%	5.30%	+5.3%
REGN	Buy	REGENERON PHARMACEUTICALS	$267,690,000	-5.4%	575,505	+3.7%	4.91%	-10.5%
ACN	Buy	ACCENTURE PLC IRELAND	$265,348,000	+4.5%	2,700,473	+2.9%	4.86%	-1.1%
ORCL	Buy	ORACLE CORP	$257,712,000	-8.4%	7,134,873	+2.2%	4.72%	-13.3%
NSRGY	Buy	Nestle S.A. Adr	$256,294,000	+41.1%	3,406,351	+35.4%	4.70%	+33.6%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$252,363,000	+36.8%	3,142,746	+36.7%	4.62%	+29.4%
GOOGL	Buy	GOOGLE INCcl a	$236,029,000	+29.6%	370,416	+9.8%	4.32%	+22.6%
AAPL	Buy	APPLE INC	$232,159,000	-9.8%	2,111,493	+2.9%	4.25%	-14.7%
ORLY	Buy	O REILLY AUTOMOTIVE INC NEW	$228,662,000	+13.8%	915,633	+3.0%	4.19%	+7.7%
ADBE	Buy	ADOBE SYS INC	$225,612,000	+105.7%	2,744,000	+102.7%	4.13%	+94.6%
IT	Buy	GARTNER INC	$188,383,000	+0.8%	2,244,524	+3.1%	3.45%	-4.6%
FAST	Buy	FASTENAL CO	$187,695,000	-11.0%	5,126,885	+2.5%	3.44%	-15.8%
FB	Buy	FACEBOOK INCcl a	$185,377,000	+9.2%	2,065,946	+4.4%	3.40%	+3.3%
CELG	Buy	CELGENE CORP	$182,447,000	-3.5%	1,687,289	+3.3%	3.34%	-8.7%
MA	Buy	MASTERCARD INCcl a	$114,944,000	+1.7%	1,275,459	+5.4%	2.11%	-3.8%
IWF	Sell	ISHARES TRrus 1000 grw etf	$471,000	-54.6%	5,068	-51.7%	0.01%	-55.0%
GWW	Sell	GRAINGER W W INC	$268,000	-99.8%	1,246	-99.8%	0.01%	-99.8%
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$235,000	–	2,966	–	0.00%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-1,074	–	-0.00%	–

Q2 2015

			Value		Shares		↓ Weighting
V	New	VISA INC	$384,562,000	–	5,726,917	–	7.45%	–
NKE	New	NIKE INCcl b	$365,590,000	–	3,384,469	–	7.08%	–
ABT	New	ABBOTT LABS	$343,476,000	–	6,998,285	–	6.65%	–
SBUX	New	STARBUCKS CORP	$330,942,000	–	6,171,996	–	6.41%	–
REGN	New	REGENERON PHARMACEUTICALS	$283,101,000	–	554,959	–	5.48%	–
ORCL	New	ORACLE CORP	$281,402,000	–	6,982,677	–	5.45%	–
PCLN	New	PRICELINE GRP INC	$269,740,000	–	234,277	–	5.22%	–
GOOG	New	GOOGLE INCcl c	$260,827,000	–	501,098	–	5.05%	–
TJX	New	TJX COS INC NEW	$260,224,000	–	3,932,657	–	5.04%	–
AAPL	New	APPLE INC	$257,472,000	–	2,052,716	–	4.99%	–
ACN	New	ACCENTURE PLC IRELAND	$253,991,000	–	2,624,413	–	4.92%	–
FAST	New	FASTENAL CO	$210,926,000	–	5,000,617	–	4.08%	–
ORLY	New	O REILLY AUTOMOTIVE INC NEW	$200,862,000	–	888,847	–	3.89%	–
CELG	New	CELGENE CORP	$189,074,000	–	1,633,610	–	3.66%	–
IT	New	GARTNER INC	$186,828,000	–	2,177,985	–	3.62%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$184,517,000	–	2,299,849	–	3.57%	–
GOOGL	New	GOOGLE INCcl a	$182,163,000	–	337,314	–	3.53%	–
NSRGY	New	NESTLE S.A. ADR	$181,593,000	–	2,516,539	–	3.52%	–
FB	New	FACEBOOK INCcl a	$169,716,000	–	1,978,737	–	3.29%	–
GWW	New	GRAINGER W W INC	$142,895,000	–	603,823	–	2.77%	–
MA	New	MASTERCARD INCcl a	$113,073,000	–	1,209,593	–	2.19%	–
ADBE	New	ADOBE SYS INC	$109,684,000	–	1,353,951	–	2.12%	–
IWF	New	ISHARES TRrus 1000 grw etf	$1,038,000	–	10,484	–	0.02%	–
BIDU	New	BAIDU INCspon adr rep a	$214,000	–	1,074	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
IWF	Exit	Isharesrus 1000 grw etf	$0	–	-15,742	–	-0.03%	–
MA	Exit	Mastercard Inccl a	$0	–	-1,200,728	–	-2.00%	–
FAST	Exit	Fastenal Co	$0	–	-2,833,974	–	-2.86%	–
ORLY	Exit	O Reilly Automotive	$0	–	-887,854	–	-3.00%	–
FDS	Exit	Factset Resh Sys Inc	$0	–	-1,250,546	–	-3.42%	–
GWW	Exit	Grainger W W Inc	$0	–	-604,852	–	-3.42%	–
IT	Exit	Gartner Inc	$0	–	-2,186,536	–	-3.61%	–
PCLN	Exit	Priceline Grp Inc	$0	–	-152,500	–	-3.97%	–
NSRGY	Exit	Nestle S.A. Adr	$0	–	-2,520,198	–	-4.17%	–
ADP	Exit	Automatic Data Processing Inc	$0	–	-2,276,034	–	-4.25%	–
GOOG	Exit	Google Inccl c	$0	–	-343,051	–	-4.45%	–
REGN	Exit	Regeneron Pharmaceuticals	$0	–	-551,902	–	-4.47%	–
GOOGL	Exit	Google Inccl a	$0	–	-339,574	–	-4.49%	–
AAPL	Exit	Apple Inc	$0	–	-2,047,325	–	-4.64%	–
ACN	Exit	Accenture Plc Ireland	$0	–	-2,628,270	–	-4.80%	–
TJX	Exit	Tjx Cos Inc New	$0	–	-3,885,129	–	-5.17%	–
SBUX	Exit	Starbucks Corp	$0	–	-3,094,987	–	-5.25%	–
ORCL	Exit	Oracle Corp	$0	–	-6,984,325	–	-6.01%	–
ABT	Exit	Abbott Labs	$0	–	-7,001,825	–	-6.54%	–
NKE	Exit	Nike Inccl b	$0	–	-3,385,336	–	-6.79%	–
V	Exit	Visa Inc	$0	–	-1,432,587	–	-6.87%	–
AGN	Exit	Allergan Inc	$0	–	-2,447,375	–	-9.80%	–

Q3 2014

			Value		Shares		↓ Weighting
AGN	Sell	Allergan Inc	$436,098,000	+2.2%	2,447,375	-2.9%	9.80%	+5.2%
V	Sell	Visa Inc	$305,671,000	-1.9%	1,432,587	-3.1%	6.87%	+0.9%
NKE	Sell	Nike Inccl b	$301,972,000	+11.5%	3,385,336	-3.0%	6.79%	+14.8%
ABT	Sell	Abbott Labs	$291,206,000	-1.2%	7,001,825	-2.9%	6.54%	+1.6%
ORCL	Sell	Oracle Corp	$267,360,000	-8.6%	6,984,325	-3.2%	6.01%	-5.9%
SBUX	Sell	Starbucks Corp	$233,548,000	-5.5%	3,094,987	-3.1%	5.25%	-2.7%
TJX	Buy	Tjx Cos Inc New	$229,883,000	+45.1%	3,885,129	+30.3%	5.17%	+49.3%
ACN	Sell	Accenture Plc Ireland	$213,731,000	-2.5%	2,628,270	-3.0%	4.80%	+0.4%
AAPL	Sell	Apple Inc	$206,268,000	+4.7%	2,047,325	-3.4%	4.64%	+7.8%
GOOGL	Sell	Google Inccl a	$199,809,000	-2.6%	339,574	-3.2%	4.49%	+0.2%
REGN	Buy	Regeneron Pharmaceuticals	$198,972,000	+237.7%	551,902	+164.6%	4.47%	+247.5%
GOOG	Sell	Google Inccl c	$198,064,000	-2.8%	343,051	-3.1%	4.45%	+0.1%
ADP	Sell	Automatic Data Processing Inc	$189,093,000	+1.6%	2,276,034	-3.0%	4.25%	+4.6%
NSRGY	Sell	Nestle S.A. Adr	$185,562,000	-8.3%	2,520,198	-3.3%	4.17%	-5.6%
PCLN	Buy	Priceline Grp Inc	$176,683,000	+84.9%	152,500	+92.0%	3.97%	+90.3%
IT	Sell	Gartner Inc	$160,645,000	+1.1%	2,186,536	-2.9%	3.61%	+4.1%
GWW	Sell	Grainger W W Inc	$152,211,000	-4.2%	604,852	-3.2%	3.42%	-1.4%
FDS	Sell	Factset Resh Sys Inc	$151,979,000	-2.1%	1,250,546	-3.1%	3.42%	+0.7%
ORLY	New	O Reilly Automotive	$133,498,000	–	887,854	–	3.00%	–
FAST	Sell	Fastenal Co	$127,245,000	-12.1%	2,833,974	-3.2%	2.86%	-9.6%
MA	Sell	Mastercard Inccl a	$88,758,000	-2.5%	1,200,728	-3.1%	2.00%	+0.4%
IWF	Buy	Isharesrus 1000 grw etf	$1,442,000	+17.0%	15,742	+16.1%	0.03%	+18.5%
SAP	Exit	Sap Agspon adr	$0	–	-5,150	–	-0.01%	–
SWI	Exit	Solarwinds Inc	$0	–	-13,770	–	-0.01%	–
TROW	Exit	Price T Rowe Group Inc	$0	–	-2,243,095	–	-4.13%	–
QCOM	Exit	Qualcomm Inc	$0	–	-3,909,900	–	-6.76%	–

Q2 2014

			Value		Shares		↓ Weighting
AGN	New	Allergan Inc	$426,633,000	–	2,521,174	–	9.32%	–
V	New	Visa Inc	$311,644,000	–	1,479,020	–	6.80%	–
QCOM	New	Qualcomm Inc	$309,664,000	–	3,909,900	–	6.76%	–
ABT	New	Abbott Labs	$294,864,000	–	7,209,397	–	6.44%	–
ORCL	New	Oracle Corp	$292,474,000	–	7,216,244	–	6.39%	–
NKE	New	Nike Inccl b	$270,713,000	–	3,490,821	–	5.91%	–
SBUX	New	Starbucks Corp	$247,109,000	–	3,193,453	–	5.40%	–
ACN	New	Accenture Plc Ireland	$219,101,000	–	2,710,303	–	4.78%	–
GOOGL	New	Google Inccl a	$205,112,000	–	350,817	–	4.48%	–
GOOG	New	Google Inccl c	$203,672,000	–	354,040	–	4.45%	–
NSRGY	New	Nestle S.A. Adr	$202,323,000	–	2,604,908	–	4.42%	–
AAPL	New	Apple Inc	$197,007,000	–	2,119,952	–	4.30%	–
TROW	New	Price T Rowe Group Inc	$189,340,000	–	2,243,095	–	4.13%	–
ADP	New	Automatic Data Processing Inc	$186,042,000	–	2,346,645	–	4.06%	–
GWW	New	Grainger W W Inc	$158,869,000	–	624,805	–	3.47%	–
IT	New	Gartner Inc	$158,868,000	–	2,252,810	–	3.47%	–
TJX	New	Tjx Cos Inc New	$158,447,000	–	2,981,132	–	3.46%	–
FDS	New	Factset Resh Sys Inc	$155,247,000	–	1,290,711	–	3.39%	–
FAST	New	Fastenal Co	$144,841,000	–	2,926,668	–	3.16%	–
PCLN	New	Priceline Grp Inc	$95,563,000	–	79,437	–	2.09%	–
MA	New	Mastercard Inccl a	$91,048,000	–	1,239,255	–	1.99%	–
REGN	New	Regeneron Pharmaceuticals	$58,920,000	–	208,590	–	1.29%	–
IWF	New	Isharesrus 1000 grw etf	$1,233,000	–	13,557	–	0.03%	–
SWI	New	Solarwinds Inc	$532,000	–	13,770	–	0.01%	–
SAP	New	Sap Agspon adr	$397,000	–	5,150	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
SAP	Exit	Sap Ag Adr	$0	–	-5,485	–	-0.01%	–
CLB	Exit	Core Laboratories Nv	$0	–	-3,094	–	-0.01%	–
REGN	Exit	Regeneron Pharma Inc	$0	–	-1,751	–	-0.01%	–
FAST	Exit	Fastenal	$0	–	-1,695,843	–	-1.96%	–
MA	Exit	Mastercard Inc	$0	–	-136,826	–	-2.12%	–
IT	Exit	Gartner Inc	$0	–	-1,609,440	–	-2.22%	–
CHRW	Exit	CH Robinson Inc	$0	–	-1,763,941	–	-2.42%	–
FB	Exit	Facebook Inc Cl A	$0	–	-2,404,382	–	-2.78%	–
ADP	Exit	Auto Data Processing	$0	–	-1,780,671	–	-2.97%	–
FDS	Exit	Factset Res	$0	–	-1,432,406	–	-3.60%	–
AAPL	Exit	Apple Inc	$0	–	-337,758	–	-3.71%	–
GWW	Exit	W.W. Granger Inc	$0	–	-684,442	–	-4.12%	–
ORCL	Exit	Oracle Corp	$0	–	-6,084,748	–	-4.65%	–
ABT	Exit	Abbott Labs	$0	–	-6,244,148	–	-4.77%	–
ACN	Exit	Accenture Ltd	$0	–	-2,983,765	–	-5.06%	–
INTU	Exit	Intuit Inc	$0	–	-3,529,205	–	-5.39%	–
EBAY	Exit	Ebay Inc	$0	–	-4,439,621	–	-5.70%	–
AGN	Exit	Allergan	$0	–	-2,792,480	–	-5.82%	–
TROW	Exit	T Rowe Price Grp Inc	$0	–	-3,768,936	–	-6.24%	–
SBUX	Exit	Starbucks Corp	$0	–	-3,535,935	–	-6.27%	–
QCOM	Exit	Qualcomm Inc	$0	–	-4,317,176	–	-6.70%	–
V	Exit	Visa Inc Cl A	$0	–	-1,637,735	–	-7.21%	–
GOOGL	Exit	Google	$0	–	-388,608	–	-7.84%	–
NKE	Exit	Nike Inc Cl B	$0	–	-5,033,074	–	-8.42%	–

Q3 2013

			Value		Shares		↓ Weighting
NKE	Sell	Nike Inc Cl B	$365,602,000	+7.5%	5,033,074	-5.8%	8.42%	+4.1%
GOOGL	Sell	Google	$340,386,000	-6.7%	388,608	-6.2%	7.84%	-9.6%
V	Sell	Visa Inc Cl A	$312,971,000	-1.5%	1,637,735	-5.8%	7.21%	-4.6%
QCOM	Sell	Qualcomm Inc	$290,805,000	+3.6%	4,317,176	-6.1%	6.70%	+0.3%
SBUX	Sell	Starbucks Corp	$272,161,000	+10.0%	3,535,935	-6.4%	6.27%	+6.5%
TROW	Sell	T Rowe Price Grp Inc	$271,100,000	-7.8%	3,768,936	-6.3%	6.24%	-10.8%
AGN	Sell	Allergan	$252,580,000	+1.4%	2,792,480	-5.6%	5.82%	-1.9%
EBAY	Buy	Ebay Inc	$247,686,000	+53.3%	4,439,621	+42.1%	5.70%	+48.4%
INTU	Sell	Intuit Inc	$234,022,000	+2.6%	3,529,205	-5.6%	5.39%	-0.6%
ACN	Sell	Accenture Ltd	$219,724,000	-3.8%	2,983,765	-6.0%	5.06%	-6.9%
ABT	New	Abbott Labs	$207,243,000	–	6,244,148	–	4.77%	–
ORCL	Sell	Oracle Corp	$201,831,000	+1.7%	6,084,748	-5.8%	4.65%	-1.5%
GWW	Sell	W.W. Granger Inc	$179,125,000	-1.3%	684,442	-4.9%	4.12%	-4.4%
AAPL	Sell	Apple Inc	$161,026,000	+13.4%	337,758	-5.8%	3.71%	+9.8%
FDS	Sell	Factset Res	$156,275,000	+0.8%	1,432,406	-5.8%	3.60%	-2.4%
ADP	New	Auto Data Processing	$128,885,000	–	1,780,671	–	2.97%	–
FB	New	Facebook Inc Cl A	$120,796,000	–	2,404,382	–	2.78%	–
CHRW	Sell	CH Robinson Inc	$105,060,000	-0.4%	1,763,941	-5.8%	2.42%	-3.5%
IT	Sell	Gartner Inc	$96,566,000	-0.2%	1,609,440	-5.2%	2.22%	-3.3%
MA	Buy	Mastercard Inc	$92,054,000	+27879.9%	136,826	+23778.9%	2.12%	+26400.0%
FAST	Sell	Fastenal	$85,216,000	+3.9%	1,695,843	-5.2%	1.96%	+0.6%
CLB	Sell	Core Laboratories Nv	$524,000	+4.6%	3,094	-6.4%	0.01%	0.0%
NVO	Exit	Novo Nordisk	$0	–	-2,258	–	-0.01%	–
IWF	Exit	Ishares Tr Russell 1	$0	–	-70,367	–	-0.12%	–
VAR	Exit	Varian Medical Sys	$0	–	-2,016,184	–	-3.23%	–
ISRG	Exit	Intuitive Surgical	$0	–	-311,340	–	-3.75%	–
	Exit	Abbott Labs	$0	–	-6,610,245	–	-5.48%	–

Q2 2013

			Value		Shares		↓ Weighting
GOOGL	New	Google	$364,757,000	–	414,322	–	8.68%	–
NKE	New	Nike Inc Cl B	$340,179,000	–	5,342,002	–	8.09%	–
V	New	Visa Inc Cl A	$317,679,000	–	1,738,324	–	7.56%	–
TROW	New	T Rowe Price Grp Inc	$294,121,000	–	4,020,795	–	7.00%	–
QCOM	New	Qualcomm Inc	$280,796,000	–	4,597,182	–	6.68%	–
AGN	New	Allergan	$249,202,000	–	2,958,238	–	5.93%	–
SBUX	New	Starbucks Corp	$247,373,000	–	3,777,260	–	5.88%	–
	New	Abbott Labs	$230,565,000	–	6,610,245	–	5.48%	–
ACN	New	Accenture Ltd	$228,449,000	–	3,174,669	–	5.43%	–
INTU	New	Intuit Inc	$228,046,000	–	3,736,618	–	5.42%	–
ORCL	New	Oracle Corp	$198,478,000	–	6,460,886	–	4.72%	–
GWW	New	W.W. Granger Inc	$181,416,000	–	719,389	–	4.32%	–
EBAY	New	Ebay Inc	$161,584,000	–	3,124,211	–	3.84%	–
ISRG	New	Intuitive Surgical	$157,719,000	–	311,340	–	3.75%	–
FDS	New	Factset Res	$155,089,000	–	1,521,372	–	3.69%	–
AAPL	New	Apple Inc	$141,982,000	–	358,468	–	3.38%	–
VAR	New	Varian Medical Sys	$135,992,000	–	2,016,184	–	3.23%	–
CHRW	New	CH Robinson Inc	$105,454,000	–	1,872,736	–	2.51%	–
IT	New	Gartner Inc	$96,762,000	–	1,697,884	–	2.30%	–
FAST	New	Fastenal	$82,044,000	–	1,789,404	–	1.95%	–
IWF	New	Ishares Tr Russell 1	$5,118,000	–	70,367	–	0.12%	–
CLB	New	Core Laboratories Nv	$501,000	–	3,306	–	0.01%	–
SAP	New	Sap Ag Adr	$399,000	–	5,485	–	0.01%	–
REGN	New	Regeneron Pharma Inc	$394,000	–	1,751	–	0.01%	–
NVO	New	Novo Nordisk	$350,000	–	2,258	–	0.01%	–
MA	New	Mastercard Inc	$329,000	–	573	–	0.01%	–

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