Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WDAY | New | Workday, Inc. | $476,204,808 | – | 2,108,127 | – | 16.47% | – |
| SQ | New | Block Inc | $292,112,422 | – | 4,388,049 | – | 10.10% | – |
| PEGA | New | Pegasystems Inc | $286,314,335 | – | 5,807,593 | – | 9.90% | – |
| ETSY | New | Etsy Inc | $216,860,507 | – | 2,563,060 | – | 7.50% | – |
| RDFN | New | Redfin Corp | $215,155,138 | – | 17,323,280 | – | 7.44% | – |
| IBKR | New | Interactive Brokers Group Inc | $213,597,808 | – | 2,571,299 | – | 7.39% | – |
| ALGN | New | Align Technology Inc. | $194,726,915 | – | 550,636 | – | 6.73% | – |
| CSGP | New | CoStar Group | $186,243,803 | – | 2,092,627 | – | 6.44% | – |
| W | New | Wayfair Inc | $147,490,462 | – | 2,268,735 | – | 5.10% | – |
| PLNT | New | Planet Fitness Inc | $134,805,007 | – | 1,998,888 | – | 4.66% | – |
| AYX | New | Alteryx Inc | $97,678,963 | – | 2,151,519 | – | 3.38% | – |
| XPEL | New | XPEL Inc. | $54,224,879 | – | 643,848 | – | 1.88% | – |
| ALRM | New | Alarm.com Holdings Inc. | $34,524,824 | – | 668,050 | – | 1.19% | – |
| FTCH | New | Farfetch Ltd | $23,984,157 | – | 3,970,887 | – | 0.83% | – |
| TWLO | New | Twilio Inc. | $21,145,825 | – | 332,377 | – | 0.73% | – |
| AGYS | New | AGILYSYS INC COM | $18,532,800 | – | 270,000 | – | 0.64% | – |
| FC | New | FRANKLIN COVEY CO COM | $17,754,216 | – | 406,461 | – | 0.61% | – |
| GWRE | New | Guidewire Software, Inc. | $17,244,597 | – | 226,664 | – | 0.60% | – |
| CMPR | New | Cimpress NV | $16,708,705 | – | 280,913 | – | 0.58% | – |
| DESP | New | Despegar.com Corp | $16,356,635 | – | 2,320,090 | – | 0.57% | – |
| WOW | New | WideOpenWest Inc | $16,352,669 | – | 1,937,520 | – | 0.57% | – |
| ONTO | New | Onto Innovation Inc. | $15,956,390 | – | 137,000 | – | 0.55% | – |
| ESI | New | Element Solutions Inc. | $15,507,149 | – | 807,664 | – | 0.54% | – |
| ATRO | New | Astronics Corporation | $14,510,073 | – | 730,618 | – | 0.50% | – |
| OLO | New | OLO Inc | $14,039,512 | – | 2,173,299 | – | 0.49% | – |
| UPWK | New | Upwork Inc | $13,636,400 | – | 1,460,000 | – | 0.47% | – |
| SNEX | New | StoneX Group Inc | $13,292,800 | – | 160,000 | – | 0.46% | – |
| IRMD | New | IRADIMED CORP | $13,223,980 | – | 277,000 | – | 0.46% | – |
| SSTI | New | Soundthinking Inc | $12,962,696 | – | 592,987 | – | 0.45% | – |
| EVTC | New | Evertec Inc | $12,522,200 | – | 340,000 | – | 0.43% | – |
| MODN | New | Model N Inc | $12,199,200 | – | 345,000 | – | 0.42% | – |
| PD | New | Pagerduty Inc | $10,511,423 | – | 467,590 | – | 0.36% | – |
| ZUO | New | Zuora Inc | $9,873,000 | – | 900,000 | – | 0.34% | – |
| HCAT | New | Health Catalyst Inc | $9,750,000 | – | 780,000 | – | 0.34% | – |
| PZZA | New | Papa John`s International Inc. | $8,564,280 | – | 116,000 | – | 0.30% | – |
| TDUP | New | ThredUp Inc - Ordinary Shares - Class A | $7,320,000 | – | 3,000,000 | – | 0.25% | – |
| INMD | New | Inmode Ltd | $4,855,500 | – | 130,000 | – | 0.17% | – |
| TBK | New | Triumph Financial, Inc | $4,806,960 | – | 79,166 | – | 0.17% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SNEX | Exit | StoneX Group Inc | $0 | – | -40,000 | – | -0.13% | – |
| HCAT | Exit | Health Catalyst Inc | $0 | – | -452,400 | – | -0.17% | – |
| INMD | Exit | Inmode Ltd | $0 | – | -152,400 | – | -0.17% | – |
| TDUP | Exit | ThredUp Inc - Ordinary Shares - Class A | $0 | – | -2,510,000 | – | -0.18% | – |
| IRMD | Exit | IRADIMED CORP | $0 | – | -224,002 | – | -0.26% | – |
| FC | Exit | FRANKLIN COVEY CO COM | $0 | – | -150,000 | – | -0.26% | – |
| UPWK | Exit | Upwork Inc | $0 | – | -500,000 | – | -0.27% | – |
| HSKA | Exit | HESKA CORP COM RESTRC NEW | $0 | – | -110,500 | – | -0.31% | – |
| WOW | Exit | WideOpenWest Inc | $0 | – | -758,000 | – | -0.36% | – |
| CMPR | Exit | Cimpress NV | $0 | – | -447,944 | – | -0.43% | – |
| DESP | Exit | Despegar.com Corp | $0 | – | -1,991,315 | – | -0.44% | – |
| EVTC | Exit | Evertec Inc | $0 | – | -405,200 | – | -0.50% | – |
| ATRO | Exit | Astronics Corporation | $0 | – | -1,686,203 | – | -0.52% | – |
| PZZA | Exit | Papa John`s International Inc. | $0 | – | -201,600 | – | -0.55% | – |
| ZUO | Exit | Zuora Inc | $0 | – | -1,943,242 | – | -0.56% | – |
| ONTO | Exit | Onto Innovation Inc. | $0 | – | -227,700 | – | -0.57% | – |
| ESI | Exit | Element Solutions Inc. | $0 | – | -1,086,506 | – | -0.69% | – |
| GWRE | Exit | Guidewire Software, Inc. | $0 | – | -315,256 | – | -0.76% | – |
| NATI | Exit | National Instruments Corp. | $0 | – | -542,225 | – | -0.80% | – |
| MODN | Exit | Model N Inc | $0 | – | -607,000 | – | -0.81% | – |
| OLO | Exit | OLO Inc | $0 | – | -2,648,862 | – | -0.82% | – |
| TWLO | Exit | Twilio Inc. | $0 | – | -371,377 | – | -1.00% | – |
| PD | Exit | Pagerduty Inc | $0 | – | -1,269,625 | – | -1.14% | – |
| AGYS | Exit | AGILYSYS INC COM | $0 | – | -604,500 | – | -1.30% | – |
| ALRM | Exit | Alarm.com Holdings, Inc. | $0 | – | -658,657 | – | -1.67% | – |
| FTCH | Exit | Farfetch Ltd | $0 | – | -6,078,784 | – | -1.77% | – |
| XPEL | Exit | XPEL Inc. | $0 | – | -762,552 | – | -1.92% | – |
| W | Exit | Wayfair Inc | $0 | – | -2,856,699 | – | -3.62% | – |
| RDFN | Exit | Redfin Corp | $0 | – | -19,883,921 | – | -4.53% | – |
| PLNT | Exit | Planet Fitness Inc | $0 | – | -2,014,197 | – | -4.53% | – |
| ETSY | Exit | Etsy Inc | $0 | – | -1,543,233 | – | -6.02% | – |
| CSGP | Exit | CoStar Group | $0 | – | -2,255,303 | – | -6.12% | – |
| AYX | Exit | Alteryx Inc | $0 | – | -2,933,808 | – | -6.39% | – |
| PEGA | Exit | Pegasystems Inc | $0 | – | -5,485,234 | – | -6.87% | – |
| ALGN | Exit | Align Technology Inc. | $0 | – | -913,324 | – | -7.38% | – |
| IBKR | Exit | Interactive Brokers Group Inc | $0 | – | -3,151,054 | – | -7.85% | – |
| SQ | Exit | Block Inc | $0 | – | -6,606,430 | – | -14.16% | – |
| WDAY | Exit | Workday, Inc. | $0 | – | -2,387,255 | – | -14.17% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WDAY | Sell | Workday, Inc. | $363,388,000 | +8.3% | 2,387,255 | -0.7% | 14.17% | +15.4% |
| SQ | Sell | Block Inc | $363,288,000 | -10.9% | 6,606,430 | -0.5% | 14.16% | -5.0% |
| IBKR | Sell | Interactive Brokers Group Inc | $201,384,000 | +13.6% | 3,151,054 | -2.2% | 7.85% | +21.1% |
| ALGN | Buy | Align Technology Inc. | $189,159,000 | +15.8% | 913,324 | +32.3% | 7.38% | +23.5% |
| PEGA | Buy | Pegasystems Inc | $176,295,000 | -30.3% | 5,485,234 | +3.8% | 6.87% | -25.6% |
| AYX | Sell | Alteryx Inc | $163,824,000 | -21.2% | 2,933,808 | -31.6% | 6.39% | -16.0% |
| CSGP | Sell | CoStar Group | $157,082,000 | +14.9% | 2,255,303 | -0.4% | 6.12% | +22.5% |
| ETSY | Buy | Etsy Inc | $154,524,000 | +155.4% | 1,543,233 | +86.7% | 6.02% | +172.3% |
| PLNT | Buy | Planet Fitness Inc | $116,139,000 | +18.7% | 2,014,197 | +40.0% | 4.53% | +26.6% |
| RDFN | Sell | Redfin Corp | $116,122,000 | -29.2% | 19,883,921 | -0.0% | 4.53% | -24.5% |
| W | Sell | Wayfair Inc | $92,986,000 | -56.6% | 2,856,699 | -41.9% | 3.62% | -53.7% |
| XPEL | Sell | XPEL Inc. | $49,139,000 | +6.6% | 762,552 | -24.0% | 1.92% | +13.7% |
| FTCH | Sell | Farfetch Ltd | $45,287,000 | -13.4% | 6,078,784 | -16.8% | 1.77% | -7.7% |
| ALRM | Sell | Alarm.com Holdings, Inc. | $42,720,000 | -20.5% | 658,657 | -24.2% | 1.67% | -15.2% |
| PD | Sell | Pagerduty Inc | $29,290,000 | -33.2% | 1,269,625 | -28.3% | 1.14% | -28.8% |
| TWLO | Buy | Twilio Inc. | $25,677,000 | +3.7% | 371,377 | +25.8% | 1.00% | +10.6% |
| OLO | Buy | OLO Inc | $20,926,000 | +0.4% | 2,648,862 | +25.5% | 0.82% | +7.1% |
| MODN | Sell | Model N Inc | $20,778,000 | +7.3% | 607,000 | -19.8% | 0.81% | +14.4% |
| NATI | Sell | National Instruments Corp. | $20,464,000 | +2.2% | 542,225 | -15.4% | 0.80% | +9.0% |
| GWRE | Buy | Guidewire Software, Inc. | $19,413,000 | -0.8% | 315,256 | +14.3% | 0.76% | +5.7% |
| ESI | Sell | Element Solutions Inc. | $17,677,000 | -13.8% | 1,086,506 | -5.7% | 0.69% | -8.1% |
| ONTO | Buy | Onto Innovation Inc. | $14,584,000 | +3.2% | 227,700 | +12.3% | 0.57% | +10.1% |
| ZUO | Sell | Zuora Inc | $14,341,000 | -29.0% | 1,943,242 | -13.9% | 0.56% | -24.3% |
| PZZA | Buy | Papa John`s International Inc. | $14,114,000 | -4.3% | 201,600 | +14.2% | 0.55% | +2.0% |
| ATRO | Sell | Astronics Corporation | $13,254,000 | -26.9% | 1,686,203 | -5.4% | 0.52% | -22.0% |
| EVTC | Buy | Evertec Inc | $12,703,000 | -9.4% | 405,200 | +6.6% | 0.50% | -3.5% |
| DESP | Sell | Despegar.com Corp | $11,350,000 | -41.6% | 1,991,315 | -17.1% | 0.44% | -37.7% |
| CMPR | Sell | Cimpress NV | $10,966,000 | -40.7% | 447,944 | -5.8% | 0.43% | -36.7% |
| UPWK | Buy | Upwork Inc | $6,810,000 | +151.8% | 500,000 | +282.3% | 0.27% | +168.7% |
| IRMD | Buy | IRADIMED CORP | $6,734,000 | +53.5% | 224,002 | +73.3% | 0.26% | +64.4% |
| TDUP | Buy | ThredUp Inc - Ordinary Shares - Class A | $4,618,000 | +22.3% | 2,510,000 | +66.2% | 0.18% | +30.4% |
| INMD | Buy | Inmode Ltd | $4,436,000 | +93.3% | 152,400 | +48.8% | 0.17% | +106.0% |
| HCAT | Buy | Health Catalyst Inc | $4,388,000 | +20.0% | 452,400 | +79.2% | 0.17% | +27.6% |
| SNEX | New | StoneX Group Inc | $3,318,000 | – | 40,000 | – | 0.13% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SQ | New | Block Inc | $407,915,000 | – | 6,637,074 | – | 14.92% | – |
| WDAY | New | Workday, Inc. | $335,588,000 | – | 2,404,273 | – | 12.27% | – |
| PEGA | New | Pegasystems Inc | $252,778,000 | – | 5,283,814 | – | 9.24% | – |
| W | New | Wayfair Inc | $214,059,000 | – | 4,914,119 | – | 7.83% | – |
| AYX | New | Alteryx Inc | $207,819,000 | – | 4,292,006 | – | 7.60% | – |
| IBKR | New | Interactive Brokers Group Inc | $177,310,000 | – | 3,223,240 | – | 6.48% | – |
| RDFN | New | Redfin Corp | $163,910,000 | – | 19,891,939 | – | 5.99% | – |
| ALGN | New | Align Technology Inc. | $163,357,000 | – | 690,233 | – | 5.97% | – |
| CSGP | New | CoStar Group | $136,739,000 | – | 2,263,516 | – | 5.00% | – |
| PLNT | New | Planet Fitness Inc | $97,837,000 | – | 1,438,570 | – | 3.58% | – |
| ETSY | New | Etsy Inc | $60,512,000 | – | 826,553 | – | 2.21% | – |
| ALRM | New | Alarm.com Holdings, Inc. | $53,739,000 | – | 868,726 | – | 1.96% | – |
| FTCH | New | Farfetch Ltd | $52,310,000 | – | 7,305,896 | – | 1.91% | – |
| XPEL | New | XPEL Inc. | $46,084,000 | – | 1,003,354 | – | 1.68% | – |
| PD | New | Pagerduty Inc | $43,855,000 | – | 1,769,758 | – | 1.60% | – |
| AGYS | New | AGILYSYS INC COM | $28,575,000 | – | 604,500 | – | 1.04% | – |
| TWLO | New | Twilio Inc. | $24,751,000 | – | 295,322 | – | 0.90% | – |
| OLO | New | OLO Inc | $20,838,000 | – | 2,111,212 | – | 0.76% | – |
| ESI | New | Element Solutions Inc. | $20,501,000 | – | 1,151,744 | – | 0.75% | – |
| ZUO | New | Zuora Inc | $20,189,000 | – | 2,255,748 | – | 0.74% | – |
| NATI | New | National Instruments Corp. | $20,022,000 | – | 641,102 | – | 0.73% | – |
| GWRE | New | Guidewire Software, Inc. | $19,573,000 | – | 275,715 | – | 0.72% | – |
| DESP | New | Despegar.com Corp | $19,447,000 | – | 2,400,830 | – | 0.71% | – |
| MODN | New | Model N Inc | $19,364,000 | – | 757,000 | – | 0.71% | – |
| CMPR | New | Cimpress NV | $18,495,000 | – | 475,439 | – | 0.68% | – |
| ATRO | New | Astronics Corporation | $18,132,000 | – | 1,782,899 | – | 0.66% | – |
| PZZA | New | Papa John`s International Inc. | $14,750,000 | – | 176,600 | – | 0.54% | – |
| ONTO | New | Onto Innovation Inc. | $14,136,000 | – | 202,700 | – | 0.52% | – |
| EVTC | New | Evertec Inc | $14,022,000 | – | 380,200 | – | 0.51% | – |
| WOW | New | WideOpenWest Inc | $13,803,000 | – | 758,000 | – | 0.50% | – |
| HSKA | New | HESKA CORP COM RESTRC NEW | $10,443,000 | – | 110,500 | – | 0.38% | – |
| FC | New | FRANKLIN COVEY CO COM | $6,927,000 | – | 150,000 | – | 0.25% | – |
| IRMD | New | IRADIMED CORP | $4,386,000 | – | 129,240 | – | 0.16% | – |
| TDUP | New | ThredUp Inc - Ordinary Shares - Class A | $3,775,000 | – | 1,510,000 | – | 0.14% | – |
| HCAT | New | Health Catalyst Inc | $3,657,000 | – | 252,400 | – | 0.13% | – |
| UPWK | New | Upwork Inc | $2,705,000 | – | 130,800 | – | 0.10% | – |
| INMD | New | Inmode Ltd | $2,295,000 | – | 102,400 | – | 0.08% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IRMD | Exit | IRADIMED CORP | $0 | – | -61,786 | – | -0.04% | – |
| HCAT | Exit | Health Catalyst Inc | $0 | – | -139,305 | – | -0.12% | – |
| INMD | Exit | Inmode Ltd | $0 | – | -51,200 | – | -0.15% | – |
| HSKA | Exit | HESKA CORP COM RESTRC NEW | $0 | – | -32,410 | – | -0.15% | – |
| WOW | Exit | WideOpenWest Inc | $0 | – | -439,335 | – | -0.16% | – |
| ONTO | Exit | Onto Innovation Inc. | $0 | – | -152,701 | – | -0.20% | – |
| EVTC | Exit | Evertec Inc | $0 | – | -289,184 | – | -0.24% | – |
| MODN | Exit | Model N Inc | $0 | – | -407,000 | – | -0.24% | – |
| AGYS | Exit | AGILYSYS INC COM | $0 | – | -277,400 | – | -0.26% | – |
| PZZA | Exit | Papa John`s International Inc. | $0 | – | -115,260 | – | -0.26% | – |
| ATRO | Exit | Astronics Corporation | $0 | – | -1,201,454 | – | -0.30% | – |
| FTCH | Exit | Farfetch Ltd | $0 | – | -592,296 | – | -0.40% | – |
| DESP | Exit | Despegar.com Corp | $0 | – | -1,935,404 | – | -0.42% | – |
| CMPR | Exit | Cimpress NV | $0 | – | -309,039 | – | -0.48% | – |
| XPEL | Exit | XPEL Inc. | $0 | – | -364,806 | – | -0.50% | – |
| ZUO | Exit | Zuora Inc | $0 | – | -1,676,398 | – | -0.50% | – |
| TWLO | Exit | Twilio Inc. | $0 | – | -92,822 | – | -0.53% | – |
| ESI | Exit | Element Solutions Inc. | $0 | – | -1,437,788 | – | -0.56% | – |
| NATI | Exit | National Instruments Corp. | $0 | – | -831,102 | – | -0.58% | – |
| GWRE | Exit | Guidewire Software, Inc. | $0 | – | -328,715 | – | -0.70% | – |
| PLNT | Exit | Planet Fitness Inc | $0 | – | -573,818 | – | -0.81% | – |
| MIME | Exit | Mimecast Limited | $0 | – | -742,040 | – | -0.85% | – |
| PD | Exit | Pagerduty Inc | $0 | – | -1,179,634 | – | -0.88% | – |
| SFIX | Exit | Stitch Fix | $0 | – | -1,265,043 | – | -0.91% | – |
| ALRM | Exit | Alarm.com Holdings, Inc. | $0 | – | -648,922 | – | -0.91% | – |
| ETSY | Exit | Etsy Inc | $0 | – | -422,053 | – | -1.58% | – |
| CSGP | Exit | CoStar Group | $0 | – | -3,181,966 | – | -4.91% | – |
| IBKR | Exit | Interactive Brokers Group Inc | $0 | – | -5,189,194 | – | -5.80% | – |
| AYX | Exit | Alteryx Inc | $0 | – | -4,685,552 | – | -6.14% | – |
| ALGN | Exit | Align Technology Inc. | $0 | – | -553,354 | – | -6.61% | – |
| RDFN | Exit | Redfin Corp | $0 | – | -10,404,721 | – | -9.35% | – |
| PEGA | Exit | Pegasystems Inc | $0 | – | -4,968,763 | – | -11.33% | – |
| WDAY | Exit | Workday, Inc. | $0 | – | -2,627,789 | – | -11.78% | – |
| W | Exit | Wayfair Inc | $0 | – | -2,723,289 | – | -12.48% | – |
| SQ | Exit | Square Inc | $0 | – | -4,385,886 | – | -18.87% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SQ | Sell | Square Inc | $1,051,911,000 | -10.3% | 4,385,886 | -8.9% | 18.87% | -9.6% |
| W | Buy | Wayfair Inc | $695,828,000 | -12.6% | 2,723,289 | +8.0% | 12.48% | -11.8% |
| WDAY | Buy | Workday, Inc. | $656,658,000 | +5.0% | 2,627,789 | +0.3% | 11.78% | +5.9% |
| PEGA | Sell | Pegasystems Inc | $631,530,000 | -10.0% | 4,968,763 | -1.5% | 11.33% | -9.2% |
| RDFN | Buy | Redfin Corp | $521,277,000 | +2.8% | 10,404,721 | +30.1% | 9.35% | +3.7% |
| ALGN | Sell | Align Technology Inc. | $368,218,000 | -2.8% | 553,354 | -10.8% | 6.61% | -2.0% |
| AYX | Buy | Alteryx Inc | $342,514,000 | -9.2% | 4,685,552 | +6.8% | 6.14% | -8.4% |
| IBKR | Buy | Interactive Brokers Group Inc | $323,494,000 | -3.5% | 5,189,194 | +1.8% | 5.80% | -2.6% |
| CSGP | Sell | CoStar Group | $273,840,000 | +3.8% | 3,181,966 | -0.1% | 4.91% | +4.7% |
| ETSY | Buy | Etsy Inc | $87,770,000 | +4.8% | 422,053 | +3.7% | 1.58% | +5.7% |
| ALRM | Buy | Alarm.com Holdings, Inc. | $50,739,000 | +69.2% | 648,922 | +83.3% | 0.91% | +70.7% |
| SFIX | Buy | Stitch Fix | $50,538,000 | +51.8% | 1,265,043 | +129.1% | 0.91% | +53.2% |
| PD | Buy | Pagerduty Inc | $48,860,000 | +67.1% | 1,179,634 | +71.7% | 0.88% | +68.7% |
| MIME | Buy | Mimecast Limited | $47,194,000 | +65.4% | 742,040 | +38.0% | 0.85% | +67.1% |
| PLNT | Buy | Planet Fitness Inc | $45,073,000 | +8.2% | 573,818 | +3.6% | 0.81% | +9.2% |
| GWRE | Sell | Guidewire Software, Inc. | $39,074,000 | +4.8% | 328,715 | -0.6% | 0.70% | +5.7% |
| ESI | Buy | Element Solutions Inc. | $31,171,000 | +38.5% | 1,437,788 | +49.3% | 0.56% | +39.8% |
| ZUO | Buy | Zuora Inc | $27,795,000 | +122.6% | 1,676,398 | +131.6% | 0.50% | +124.8% |
| XPEL | New | XPEL Inc. | $27,674,000 | – | 364,806 | – | 0.50% | – |
| CMPR | Buy | Cimpress NV | $26,834,000 | +59.6% | 309,039 | +99.2% | 0.48% | +60.9% |
| DESP | Buy | Despegar.com Corp | $23,283,000 | +104.4% | 1,935,404 | +124.5% | 0.42% | +105.9% |
| FTCH | Buy | Farfetch Ltd | $22,199,000 | -24.3% | 592,296 | +1.7% | 0.40% | -23.8% |
| ATRO | Buy | Astronics Corporation | $16,892,000 | +70.9% | 1,201,454 | +112.8% | 0.30% | +72.2% |
| PZZA | Buy | Papa John`s International Inc. | $14,637,000 | +141.9% | 115,260 | +99.0% | 0.26% | +143.5% |
| AGYS | New | AGILYSYS INC COM | $14,525,000 | – | 277,400 | – | 0.26% | – |
| MODN | New | Model N Inc | $13,635,000 | – | 407,000 | – | 0.24% | – |
| EVTC | New | Evertec Inc | $13,221,000 | – | 289,184 | – | 0.24% | – |
| ONTO | New | Onto Innovation Inc. | $11,033,000 | – | 152,701 | – | 0.20% | – |
| WOW | New | WideOpenWest Inc | $8,633,000 | – | 439,335 | – | 0.16% | – |
| HSKA | New | HESKA CORP COM RESTRC NEW | $8,379,000 | – | 32,410 | – | 0.15% | – |
| INMD | New | Inmode Ltd | $8,164,000 | – | 51,200 | – | 0.15% | – |
| HCAT | New | Health Catalyst Inc | $6,967,000 | – | 139,305 | – | 0.12% | – |
| IRMD | New | IRADIMED CORP | $2,075,000 | – | 61,786 | – | 0.04% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SQ | New | Square Inc | $1,173,240,000 | – | 4,812,304 | – | 20.87% | – |
| W | New | Wayfair Inc | $795,786,000 | – | 2,520,622 | – | 14.15% | – |
| PEGA | New | Pegasystems Inc | $701,879,000 | – | 5,042,593 | – | 12.48% | – |
| WDAY | New | Workday, Inc. | $625,540,000 | – | 2,620,172 | – | 11.13% | – |
| RDFN | New | Redfin Corp | $506,957,000 | – | 7,994,900 | – | 9.02% | – |
| ALGN | New | Align Technology Inc. | $378,845,000 | – | 620,041 | – | 6.74% | – |
| AYX | New | Alteryx Inc | $377,313,000 | – | 4,386,339 | – | 6.71% | – |
| IBKR | New | Interactive Brokers Group Inc | $335,078,000 | – | 5,097,799 | – | 5.96% | – |
| CSGP | New | CoStar Group | $263,912,000 | – | 3,186,570 | – | 4.69% | – |
| ETSY | New | Etsy Inc | $83,788,000 | – | 407,053 | – | 1.49% | – |
| PLNT | New | Planet Fitness Inc | $41,675,000 | – | 553,818 | – | 0.74% | – |
| GWRE | New | Guidewire Software, Inc. | $37,278,000 | – | 330,715 | – | 0.66% | – |
| TWLO | New | Twilio Inc. | $36,587,000 | – | 92,822 | – | 0.65% | – |
| NATI | New | National Instruments Corp. | $35,139,000 | – | 831,102 | – | 0.62% | – |
| SFIX | New | Stitch Fix | $33,303,000 | – | 552,293 | – | 0.59% | – |
| ALRM | New | Alarm.com Holdings, Inc. | $29,992,000 | – | 354,100 | – | 0.53% | – |
| FTCH | New | Farfetch Ltd | $29,324,000 | – | 582,296 | – | 0.52% | – |
| PD | New | Pagerduty Inc | $29,245,000 | – | 686,834 | – | 0.52% | – |
| MIME | New | Mimecast Limited | $28,526,000 | – | 537,726 | – | 0.51% | – |
| ESI | New | Element Solutions Inc. | $22,514,000 | – | 962,953 | – | 0.40% | – |
| CMPR | New | Cimpress NV | $16,818,000 | – | 155,133 | – | 0.30% | – |
| ZUO | New | Zuora Inc | $12,486,000 | – | 723,838 | – | 0.22% | – |
| DESP | New | Despegar.com Corp | $11,389,000 | – | 862,137 | – | 0.20% | – |
| ATRO | New | Astronics Corporation | $9,886,000 | – | 564,616 | – | 0.18% | – |
| PZZA | New | Papa John's International Inc. | $6,051,000 | – | 57,933 | – | 0.11% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ATRO | Exit | Astronics Corporation | $0 | – | -183,502 | – | -0.03% | – |
| DESP | Exit | Despegar.com Corp | $0 | – | -579,164 | – | -0.08% | – |
| CMPR | Exit | Cimpress NV | $0 | – | -51,211 | – | -0.08% | – |
| ZUO | Exit | Zuora Inc | $0 | – | -540,884 | – | -0.12% | – |
| PZZA | Exit | Papa John's International Inc. | $0 | – | -103,483 | – | -0.18% | – |
| MIME | Exit | Mimecast Limited | $0 | – | -225,774 | – | -0.22% | – |
| SFIX | Exit | Stitch Fix | $0 | – | -469,745 | – | -0.27% | – |
| ESI | Exit | Element Solutions Inc. | $0 | – | -1,277,820 | – | -0.28% | – |
| BOX | Exit | Box, Inc | $0 | – | -786,793 | – | -0.29% | – |
| PD | Exit | Pagerduty Inc | $0 | – | -607,490 | – | -0.35% | – |
| ALRM | Exit | Alarm.com Holdings, Inc. | $0 | – | -366,891 | – | -0.43% | – |
| TYL | Exit | Tyler Technologies, Inc. | $0 | – | -74,557 | – | -0.55% | – |
| NATI | Exit | National Instruments Corp. | $0 | – | -803,602 | – | -0.61% | – |
| GWRE | Exit | Guidewire Software, Inc. | $0 | – | -368,215 | – | -0.81% | – |
| MIDD | Exit | Middleby Corp | $0 | – | -439,970 | – | -0.83% | – |
| FTCH | Exit | Farfetch Ltd | $0 | – | -1,685,071 | – | -0.90% | – |
| TWLO | Exit | Twilio Inc. | $0 | – | -179,661 | – | -0.94% | – |
| IBKR | Exit | Interactive Brokers Group Inc | $0 | – | -5,512,620 | – | -5.62% | – |
| IT | Exit | Gartner Inc. | $0 | – | -2,370,180 | – | -6.25% | – |
| AYX | Exit | Alteryx Inc | $0 | – | -2,741,498 | – | -6.57% | – |
| CSGP | Exit | CoStar Group | $0 | – | -368,264 | – | -6.60% | – |
| ALGN | Exit | Align Technology Inc. | $0 | – | -1,174,452 | – | -8.12% | – |
| PEGA | Exit | Pegasystems Inc | $0 | – | -4,697,165 | – | -12.00% | – |
| WDAY | Exit | Workday, Inc. | $0 | – | -2,755,186 | – | -12.51% | – |
| W | Exit | Wayfair Inc | $0 | – | -2,576,946 | – | -15.83% | – |
| SQ | Exit | Square Inc | $0 | – | -5,692,211 | – | -19.53% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SQ | Sell | Square Inc | $925,269,000 | +41.2% | 5,692,211 | -8.9% | 19.53% | +20.7% |
| W | Sell | Wayfair Inc | $749,917,000 | +26.9% | 2,576,946 | -13.8% | 15.83% | +8.6% |
| WDAY | Sell | Workday, Inc. | $592,723,000 | +11.0% | 2,755,186 | -3.3% | 12.51% | -5.0% |
| PEGA | Sell | Pegasystems Inc | $568,545,000 | +19.2% | 4,697,165 | -0.4% | 12.00% | +1.9% |
| ALGN | Sell | Align Technology Inc. | $384,469,000 | -0.1% | 1,174,452 | -16.2% | 8.12% | -14.5% |
| CSGP | Sell | CoStar Group | $312,476,000 | +18.3% | 368,264 | -1.0% | 6.60% | +1.2% |
| AYX | Buy | Alteryx Inc | $311,297,000 | +16.5% | 2,741,498 | +68.5% | 6.57% | -0.4% |
| IT | Sell | Gartner Inc. | $296,154,000 | +0.9% | 2,370,180 | -2.0% | 6.25% | -13.7% |
| IBKR | Sell | Interactive Brokers Group Inc | $266,425,000 | +11.7% | 5,512,620 | -3.5% | 5.62% | -4.5% |
| TWLO | Sell | Twilio Inc. | $44,392,000 | -24.9% | 179,661 | -33.3% | 0.94% | -35.8% |
| FTCH | Buy | Farfetch Ltd | $42,396,000 | +114.8% | 1,685,071 | +47.4% | 0.90% | +83.8% |
| MIDD | Buy | Middleby Corp | $39,470,000 | +20.0% | 439,970 | +5.6% | 0.83% | +2.6% |
| GWRE | Sell | Guidewire Software, Inc. | $38,394,000 | -23.3% | 368,215 | -18.5% | 0.81% | -34.3% |
| NATI | Buy | National Instruments Corp. | $28,689,000 | +3.6% | 803,602 | +12.4% | 0.61% | -11.3% |
| TYL | Sell | Tyler Technologies, Inc. | $25,988,000 | -12.7% | 74,557 | -13.1% | 0.55% | -25.3% |
| ALRM | Sell | Alarm.com Holdings, Inc. | $20,271,000 | -32.1% | 366,891 | -20.3% | 0.43% | -41.8% |
| PD | Buy | Pagerduty Inc | $16,469,000 | +83.5% | 607,490 | +93.8% | 0.35% | +57.5% |
| BOX | Sell | Box, Inc | $13,659,000 | -54.1% | 786,793 | -45.1% | 0.29% | -60.8% |
| ESI | Sell | Element Solutions Inc. | $13,430,000 | -29.8% | 1,277,820 | -27.5% | 0.28% | -39.8% |
| SFIX | New | Stitch Fix | $12,744,000 | – | 469,745 | – | 0.27% | – |
| MIME | Buy | Mimecast Limited | $10,593,000 | +68.7% | 225,774 | +49.8% | 0.22% | +44.5% |
| PZZA | Sell | Papa John's International Inc. | $8,515,000 | -11.7% | 103,483 | -14.8% | 0.18% | -24.4% |
| ZUO | Sell | Zuora Inc | $5,593,000 | -58.0% | 540,884 | -48.2% | 0.12% | -64.1% |
| CMPR | Sell | Cimpress NV | $3,849,000 | -2.3% | 51,211 | -0.8% | 0.08% | -16.5% |
| DESP | Sell | Despegar.com Corp | $3,683,000 | -12.1% | 579,164 | -0.7% | 0.08% | -24.3% |
| ATRO | Sell | Astronics Corporation | $1,417,000 | -27.4% | 183,502 | -0.8% | 0.03% | -37.5% |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SQ | New | Square Inc | $655,493,000 | – | 6,246,363 | – | 16.18% | – |
| W | New | Wayfair Inc | $590,862,000 | – | 2,990,042 | – | 14.58% | – |
| WDAY | New | Workday, Inc. | $533,833,000 | – | 2,849,238 | – | 13.18% | – |
| PEGA | New | Pegasystems Inc | $477,167,000 | – | 4,716,487 | – | 11.78% | – |
| ALGN | New | Align Technology Inc. | $384,671,000 | – | 1,401,657 | – | 9.49% | – |
| IT | New | Gartner Inc. | $293,412,000 | – | 2,418,294 | – | 7.24% | – |
| AYX | New | Alteryx Inc | $267,321,000 | – | 1,627,230 | – | 6.60% | – |
| CSGP | New | CoStar Group | $264,234,000 | – | 371,810 | – | 6.52% | – |
| IBKR | New | Interactive Brokers Group Inc | $238,561,000 | – | 5,711,303 | – | 5.89% | – |
| TWLO | New | Twilio Inc. | $59,120,000 | – | 269,438 | – | 1.46% | – |
| GWRE | New | Guidewire Software, Inc. | $50,054,000 | – | 451,544 | – | 1.24% | – |
| MIDD | New | Middleby Corp | $32,896,000 | – | 416,726 | – | 0.81% | – |
| ALRM | New | Alarm.com Holdings, Inc. | $29,841,000 | – | 460,431 | – | 0.74% | – |
| TYL | New | Tyler Technologies, Inc. | $29,776,000 | – | 85,840 | – | 0.74% | – |
| BOX | New | Box, Inc | $29,753,000 | – | 1,433,211 | – | 0.73% | – |
| NATI | New | National Instruments Corp. | $27,681,000 | – | 715,092 | – | 0.68% | – |
| FTCH | New | Farfetch Ltd | $19,741,000 | – | 1,143,104 | – | 0.49% | – |
| ESI | New | Element Solutions Inc. | $19,128,000 | – | 1,762,994 | – | 0.47% | – |
| ZUO | New | Zuora Inc | $13,313,000 | – | 1,044,134 | – | 0.33% | – |
| PZZA | New | Papa John's International Inc. | $9,643,000 | – | 121,438 | – | 0.24% | – |
| PD | New | Pagerduty Inc | $8,973,000 | – | 313,516 | – | 0.22% | – |
| MIME | New | Mimecast Limited | $6,278,000 | – | 150,688 | – | 0.16% | – |
| DESP | New | Despegar.com Corp | $4,188,000 | – | 583,316 | – | 0.10% | – |
| CMPR | New | Cimpress NV | $3,940,000 | – | 51,606 | – | 0.10% | – |
| ATRO | New | Astronics Corporation | $1,953,000 | – | 184,940 | – | 0.05% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ELF | Exit | Elf Beauty Inc | $0 | – | -11,052 | – | -0.01% | – |
| SCOR | Exit | comScore, Inc. | $0 | – | -2,384,475 | – | -0.14% | – |
| DESP | Exit | Despegar.com Corp | $0 | – | -2,332,721 | – | -0.79% | – |
| PEGA | Exit | Pegasystems Inc | $0 | – | -461,363 | – | -0.94% | – |
| GWRE | Exit | Guidewire Software, Inc. | $0 | – | -305,601 | – | -0.97% | – |
| TYL | Exit | Tyler Technologies, Inc. | $0 | – | -128,205 | – | -1.01% | – |
| MIDD | Exit | Middleby Corp | $0 | – | -318,695 | – | -1.12% | – |
| ZUO | Exit | Zuora Inc | $0 | – | -2,718,747 | – | -1.23% | – |
| CMPR | Exit | Cimpress NV | $0 | – | -333,655 | – | -1.32% | – |
| ALRM | Exit | Alarm.com Holdings, Inc. | $0 | – | -1,202,590 | – | -1.68% | – |
| NATI | Exit | National Instruments Corp. | $0 | – | -1,410,811 | – | -1.78% | – |
| PZZA | Exit | Papa John's International Inc. | $0 | – | -1,447,403 | – | -2.27% | – |
| BOX | Exit | Box, Inc | $0 | – | -6,457,542 | – | -3.21% | – |
| ESI | Exit | Element Solutions Inc. | $0 | – | -12,504,251 | – | -3.82% | – |
| TRIP | Exit | TripAdvisor, Inc | $0 | – | -4,451,920 | – | -5.17% | – |
| UA | Exit | Under Armour INC CL C | $0 | – | -10,333,299 | – | -5.62% | – |
| ALGN | Exit | Align Technology Inc. | $0 | – | -1,049,513 | – | -5.70% | – |
| CSGP | Exit | CoStar Group | $0 | – | -363,154 | – | -6.47% | – |
| FAST | Exit | Fastenal Company | $0 | – | -6,896,773 | – | -6.76% | – |
| W | Exit | Wayfair Inc | $0 | – | -2,401,442 | – | -8.08% | – |
| SQ | Exit | Square Inc | $0 | – | -4,864,538 | – | -9.04% | – |
| IT | Exit | Gartner Inc. | $0 | – | -2,426,582 | – | -10.41% | – |
| WDAY | Exit | Workday, Inc. | $0 | – | -2,048,145 | – | -10.45% | – |
| IBKR | Exit | Interactive Brokers Group Inc | $0 | – | -7,438,214 | – | -12.01% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IBKR | Buy | Interactive Brokers Group Inc | $400,027,000 | +1.9% | 7,438,214 | +2.7% | 12.01% | +11.6% |
| WDAY | Buy | Workday, Inc. | $348,103,000 | -7.7% | 2,048,145 | +11.7% | 10.45% | +1.2% |
| IT | Buy | Gartner Inc. | $346,977,000 | -8.6% | 2,426,582 | +2.9% | 10.41% | +0.1% |
| SQ | Buy | Square Inc | $301,358,000 | +14.9% | 4,864,538 | +34.5% | 9.04% | +25.9% |
| W | Buy | Wayfair Inc | $269,250,000 | +10.9% | 2,401,442 | +44.4% | 8.08% | +21.5% |
| FAST | Sell | Fastenal Company | $225,318,000 | -20.3% | 6,896,773 | -20.5% | 6.76% | -12.7% |
| CSGP | Sell | CoStar Group | $215,423,000 | -27.3% | 363,154 | -32.1% | 6.47% | -20.3% |
| ALGN | Buy | Align Technology Inc. | $189,878,000 | +559.0% | 1,049,513 | +896.9% | 5.70% | +622.3% |
| UA | Buy | Under Armour INC CL C | $187,343,000 | -16.0% | 10,333,299 | +2.9% | 5.62% | -7.9% |
| TRIP | Buy | TripAdvisor, Inc | $172,200,000 | -14.2% | 4,451,920 | +2.6% | 5.17% | -6.0% |
| ESI | Sell | Element Solutions Inc. | $127,293,000 | -24.8% | 12,504,251 | -23.6% | 3.82% | -17.6% |
| BOX | Sell | Box, Inc | $106,937,000 | -28.6% | 6,457,542 | -24.0% | 3.21% | -21.7% |
| PZZA | Sell | Papa John's International Inc. | $75,772,000 | -9.5% | 1,447,403 | -22.7% | 2.27% | -0.9% |
| NATI | Sell | National Instruments Corp. | $59,240,000 | -65.4% | 1,410,811 | -65.4% | 1.78% | -62.1% |
| ALRM | Sell | Alarm.com Holdings, Inc. | $56,089,000 | -28.2% | 1,202,590 | -17.7% | 1.68% | -21.4% |
| CMPR | Sell | Cimpress NV | $43,989,000 | +12.3% | 333,655 | -22.6% | 1.32% | +23.0% |
| ZUO | Buy | Zuora Inc | $40,917,000 | +10.3% | 2,718,747 | +12.3% | 1.23% | +20.9% |
| MIDD | Sell | Middleby Corp | $37,255,000 | -34.6% | 318,695 | -24.1% | 1.12% | -28.3% |
| TYL | Sell | Tyler Technologies, Inc. | $33,654,000 | +16.8% | 128,205 | -3.9% | 1.01% | +28.0% |
| GWRE | Sell | Guidewire Software, Inc. | $32,204,000 | +1.6% | 305,601 | -2.2% | 0.97% | +11.4% |
| PEGA | New | Pegasystems Inc | $31,396,000 | – | 461,363 | – | 0.94% | – |
| DESP | Sell | Despegar.com Corp | $26,406,000 | -37.5% | 2,332,721 | -23.3% | 0.79% | -31.5% |
| SCOR | Sell | comScore, Inc. | $4,554,000 | -72.3% | 2,384,475 | -25.3% | 0.14% | -69.6% |
| ELF | Sell | Elf Beauty Inc | $194,000 | -99.4% | 11,052 | -99.5% | 0.01% | -99.3% |
| ANSS | Exit | Ansys, Inc. | $0 | – | -141,554 | – | -0.79% | – |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IBKR | New | Interactive Brokers Group Inc | $392,621,000 | – | 7,243,924 | – | 10.76% | – |
| IT | New | Gartner Inc. | $379,687,000 | – | 2,359,185 | – | 10.40% | – |
| WDAY | New | Workday, Inc. | $376,962,000 | – | 1,833,652 | – | 10.33% | – |
| CSGP | New | CoStar Group | $296,284,000 | – | 534,750 | – | 8.12% | – |
| FAST | New | Fastenal Company | $282,787,000 | – | 8,677,098 | – | 7.75% | – |
| SQ | New | Square Inc | $262,324,000 | – | 3,616,765 | – | 7.19% | – |
| W | New | Wayfair Inc | $242,846,000 | – | 1,663,326 | – | 6.65% | – |
| UA | New | Under Armour INC CL C | $222,974,000 | – | 10,043,880 | – | 6.11% | – |
| TRIP | New | TripAdvisor, Inc | $200,792,000 | – | 4,337,698 | – | 5.50% | – |
| NATI | New | National Instruments Corp. | $171,342,000 | – | 4,080,541 | – | 4.69% | – |
| ESI | New | Element Solutions Inc. | $169,281,000 | – | 16,371,447 | – | 4.64% | – |
| BOX | New | Box, Inc | $149,712,000 | – | 8,501,522 | – | 4.10% | – |
| PZZA | New | Papa John's International Inc. | $83,752,000 | – | 1,872,812 | – | 2.29% | – |
| ALRM | New | Alarm.com Holdings, Inc. | $78,130,000 | – | 1,460,378 | – | 2.14% | – |
| MIDD | New | Middleby Corp | $56,947,000 | – | 419,651 | – | 1.56% | – |
| DESP | New | Despegar.com Corp | $42,243,000 | – | 3,041,218 | – | 1.16% | – |
| CMPR | New | Cimpress NV | $39,156,000 | – | 430,811 | – | 1.07% | – |
| ZUO | New | Zuora Inc | $37,086,000 | – | 2,420,736 | – | 1.02% | – |
| GWRE | New | Guidewire Software, Inc. | $31,691,000 | – | 312,601 | – | 0.87% | – |
| ELF | New | Elf Beauty Inc | $30,784,000 | – | 2,183,273 | – | 0.84% | – |
| ANSS | New | Ansys, Inc. | $28,993,000 | – | 141,554 | – | 0.79% | – |
| ALGN | New | Align Technology Inc. | $28,813,000 | – | 105,273 | – | 0.79% | – |
| TYL | New | Tyler Technologies, Inc. | $28,818,000 | – | 133,405 | – | 0.79% | – |
| SCOR | New | comScore, Inc. | $16,465,000 | – | 3,190,831 | – | 0.45% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ATHN | Exit | Athenahealth, Inc. | $0 | – | -113,988 | – | -0.43% | – |
| TYL | Exit | Tyler Technologies, Inc. | $0 | – | -98,393 | – | -0.68% | – |
| ANSS | Exit | Ansys, Inc. | $0 | – | -130,503 | – | -0.68% | – |
| GWRE | Exit | Guidewire Software, Inc. | $0 | – | -264,387 | – | -0.75% | – |
| SQ | Exit | Square Inc | $0 | – | -371,448 | – | -1.03% | – |
| ELF | Exit | Elf Beauty Inc | $0 | – | -2,935,865 | – | -1.05% | – |
| SCOR | Exit | comScore, Inc. | $0 | – | -3,517,355 | – | -1.80% | – |
| PZZA | Exit | Papa John's International Inc. | $0 | – | -1,667,783 | – | -2.40% | – |
| CFX | Exit | Colfax Corporation | $0 | – | -3,017,270 | – | -3.05% | – |
| WAT | Exit | Waters Corporation | $0 | – | -899,589 | – | -4.91% | – |
| BOX | Exit | Box, Inc | $0 | – | -7,547,976 | – | -5.06% | – |
| UA | Exit | Under Armour INC CL C | $0 | – | -10,159,533 | – | -5.54% | – |
| ALRM | Exit | Alarm.com Holdings, Inc. | $0 | – | -3,559,626 | – | -5.73% | – |
| NATI | Exit | National Instruments Corp. | $0 | – | -4,324,445 | – | -5.86% | – |
| PAH | Exit | Platform Specialty Products Co | $0 | – | -18,809,899 | – | -6.57% | – |
| CSGP | Exit | CoStar Group | $0 | – | -564,648 | – | -6.66% | – |
| MIDD | Exit | Middleby Corp | $0 | – | -1,946,189 | – | -7.06% | – |
| WDAY | Exit | Workday, Inc. | $0 | – | -1,769,040 | – | -7.24% | – |
| TRIP | Exit | TripAdvisor, Inc | $0 | – | -5,097,888 | – | -7.30% | – |
| FAST | Exit | Fastenal Company | $0 | – | -4,559,271 | – | -7.41% | – |
| IBKR | Exit | Interactive Brokers Group Inc | $0 | – | -5,858,183 | – | -9.08% | – |
| IT | Exit | Gartner Inc. | $0 | – | -2,189,892 | – | -9.73% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IT | Buy | Gartner Inc. | $347,098,000 | +59.8% | 2,189,892 | +34.0% | 9.73% | +28.5% |
| IBKR | Buy | Interactive Brokers Group Inc | $324,016,000 | -0.3% | 5,858,183 | +16.1% | 9.08% | -19.8% |
| FAST | Buy | Fastenal Company | $264,529,000 | +40.8% | 4,559,271 | +16.8% | 7.41% | +13.2% |
| TRIP | Buy | TripAdvisor, Inc | $260,349,000 | +6.3% | 5,097,888 | +16.0% | 7.30% | -14.5% |
| WDAY | Buy | Workday, Inc. | $258,244,000 | +65778.6% | 1,769,040 | +54601.3% | 7.24% | +51600.0% |
| MIDD | Buy | Middleby Corp | $251,740,000 | +54.4% | 1,946,189 | +24.6% | 7.06% | +24.1% |
| CSGP | Sell | CoStar Group | $237,626,000 | -8.3% | 564,648 | -10.1% | 6.66% | -26.3% |
| PAH | Buy | Platform Specialty Products Co | $234,559,000 | +12.6% | 18,809,899 | +4.7% | 6.57% | -9.5% |
| NATI | Buy | National Instruments Corp. | $209,000,000 | +34.0% | 4,324,445 | +16.4% | 5.86% | +7.7% |
| ALRM | Buy | Alarm.com Holdings, Inc. | $204,323,000 | +48.7% | 3,559,626 | +4.6% | 5.73% | +19.5% |
| UA | Buy | Under Armour INC CL C | $197,705,000 | +9.9% | 10,159,533 | +19.0% | 5.54% | -11.7% |
| BOX | Buy | Box, Inc | $180,472,000 | +0.1% | 7,547,976 | +4.6% | 5.06% | -19.5% |
| WAT | Buy | Waters Corporation | $175,132,000 | +15.8% | 899,589 | +15.1% | 4.91% | -7.0% |
| CFX | Sell | Colfax Corporation | $108,803,000 | +12.9% | 3,017,270 | -4.0% | 3.05% | -9.2% |
| PZZA | Buy | Papa John's International Inc. | $85,524,000 | +21.8% | 1,667,783 | +20.4% | 2.40% | -2.2% |
| SCOR | Buy | comScore, Inc. | $64,121,000 | -6.5% | 3,517,355 | +11.8% | 1.80% | -24.9% |
| ELF | Buy | Elf Beauty Inc | $37,374,000 | +13.1% | 2,935,865 | +35.4% | 1.05% | -9.1% |
| SQ | Buy | Square Inc | $36,777,000 | +10144.3% | 371,448 | +6277.9% | 1.03% | +7830.8% |
| GWRE | Buy | Guidewire Software, Inc. | $26,706,000 | +7257.0% | 264,387 | +6365.8% | 0.75% | +5661.5% |
| ANSS | Sell | Ansys, Inc. | $24,362,000 | -87.0% | 130,503 | -87.9% | 0.68% | -89.5% |
| TYL | Buy | Tyler Technologies, Inc. | $24,112,000 | +6750.0% | 98,393 | +6099.9% | 0.68% | +5533.3% |
| ATHN | Buy | Athenahealth, Inc. | $15,229,000 | +5044.9% | 113,988 | +6035.0% | 0.43% | +4170.0% |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IBKR | New | Interactive Brokers Group Inc | $324,893,000 | – | 5,044,137 | – | 11.33% | – |
| CSGP | New | CoStar Group | $259,041,000 | – | 627,780 | – | 9.03% | – |
| TRIP | New | TripAdvisor, Inc | $244,827,000 | – | 4,394,668 | – | 8.54% | – |
| IT | New | Gartner Inc. | $217,162,000 | – | 1,634,024 | – | 7.57% | – |
| PAH | New | Platform Specialty Products Co | $208,362,000 | – | 17,962,209 | – | 7.27% | – |
| FAST | New | Fastenal Company | $187,813,000 | – | 3,902,198 | – | 6.55% | – |
| ANSS | New | Ansys, Inc. | $187,293,000 | – | 1,075,286 | – | 6.53% | – |
| BOX | New | Box, Inc | $180,283,000 | – | 7,214,196 | – | 6.29% | – |
| UA | New | Under Armour INC CL C | $179,932,000 | – | 8,535,681 | – | 6.28% | – |
| MIDD | New | Middleby Corp | $163,051,000 | – | 1,561,494 | – | 5.69% | – |
| NATI | New | National Instruments Corp. | $156,006,000 | – | 3,716,187 | – | 5.44% | – |
| WAT | New | Waters Corporation | $151,283,000 | – | 781,463 | – | 5.28% | – |
| ALRM | New | Alarm.com Holdings, Inc. | $137,399,000 | – | 3,402,644 | – | 4.79% | – |
| CFX | New | Colfax Corporation | $96,338,000 | – | 3,143,158 | – | 3.36% | – |
| PZZA | New | Papa John's International Inc. | $70,244,000 | – | 1,384,929 | – | 2.45% | – |
| SCOR | New | comScore, Inc. | $68,596,000 | – | 3,146,608 | – | 2.39% | – |
| ELF | New | Elf Beauty Inc | $33,052,000 | – | 2,168,757 | – | 1.15% | – |
| WDAY | New | Workday, Inc. | $392,000 | – | 3,234 | – | 0.01% | – |
| SQ | New | Square Inc | $359,000 | – | 5,824 | – | 0.01% | – |
| GWRE | New | Guidewire Software, Inc. | $363,000 | – | 4,089 | – | 0.01% | – |
| TYL | New | Tyler Technologies, Inc. | $352,000 | – | 1,587 | – | 0.01% | – |
| ATHN | New | Athenahealth, Inc. | $296,000 | – | 1,858 | – | 0.01% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CRMT | Exit | America's Car-Mart Inc. | $0 | – | -294,477 | – | -0.55% | – |
| ECOL | Exit | US Ecology, Inc. | $0 | – | -618,123 | – | -1.50% | – |
| TWLO | Exit | Twilio Inc. | $0 | – | -1,878,406 | – | -2.53% | – |
| SCOR | Exit | comScore, Inc. | $0 | – | -2,512,205 | – | -3.26% | – |
| FDS | Exit | FactSet Research Systems inc. | $0 | – | -672,267 | – | -5.46% | – |
| UA | Exit | UNDER ARMOUR INC CL C | $0 | – | -8,091,563 | – | -5.48% | – |
| ALRM | Exit | Alarm.com Holdings, Inc. | $0 | – | -2,701,886 | – | -5.50% | – |
| BOX | Exit | Box, Inc | $0 | – | -6,391,461 | – | -5.57% | – |
| ANSS | Exit | Ansys, Inc. | $0 | – | -1,050,732 | – | -5.82% | – |
| WAT | Exit | Waters Corporation | $0 | – | -728,948 | – | -5.90% | – |
| MKL | Exit | Markel Corp. | $0 | – | -125,152 | – | -6.03% | – |
| IT | Exit | Gartner Inc. | $0 | – | -1,138,918 | – | -6.39% | – |
| NATI | Exit | National Instruments Corp. | $0 | – | -3,474,660 | – | -6.61% | – |
| CFX | Exit | Colfax Corporation | $0 | – | -3,758,826 | – | -7.06% | – |
| CSGP | Exit | CoStar Group | $0 | – | -600,005 | – | -7.26% | – |
| FAST | Exit | Fastenal Company | $0 | – | -3,662,915 | – | -7.53% | – |
| PAH | Exit | Platform Specialty Products Co | $0 | – | -16,501,635 | – | -8.30% | – |
| IBKR | Exit | Interactive Brokers Group Inc | $0 | – | -4,562,008 | – | -9.27% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IBKR | Buy | Interactive Brokers Group Inc | $205,473,000 | +23.0% | 4,562,008 | +2.2% | 9.27% | +24.6% |
| PAH | Sell | Platform Specialty Products Co | $183,993,000 | -13.3% | 16,501,635 | -1.4% | 8.30% | -12.2% |
| FAST | Buy | Fastenal Company | $166,956,000 | +6.8% | 3,662,915 | +2.0% | 7.53% | +8.2% |
| CSGP | Buy | CoStar Group | $160,951,000 | +10.3% | 600,005 | +8.4% | 7.26% | +11.7% |
| CFX | Sell | Colfax Corporation | $156,518,000 | +2.8% | 3,758,826 | -2.8% | 7.06% | +4.2% |
| NATI | Sell | National Instruments Corp. | $146,526,000 | -3.7% | 3,474,660 | -8.2% | 6.61% | -2.4% |
| IT | Buy | Gartner Inc. | $141,693,000 | +4.6% | 1,138,918 | +3.8% | 6.39% | +6.0% |
| MKL | Buy | Markel Corp. | $133,660,000 | +16.9% | 125,152 | +6.8% | 6.03% | +18.4% |
| WAT | Buy | Waters Corporation | $130,861,000 | -1.7% | 728,948 | +0.6% | 5.90% | -0.4% |
| ANSS | Sell | Ansys, Inc. | $128,956,000 | +0.6% | 1,050,732 | -0.3% | 5.82% | +1.9% |
| BOX | Buy | Box, Inc | $123,483,000 | +16.7% | 6,391,461 | +10.1% | 5.57% | +18.2% |
| ALRM | Sell | Alarm.com Holdings, Inc. | $122,071,000 | +16.6% | 2,701,886 | -2.8% | 5.50% | +18.2% |
| UA | Buy | UNDER ARMOUR INC CL C | $121,535,000 | -21.1% | 8,091,563 | +5.9% | 5.48% | -20.1% |
| FDS | Buy | FactSet Research Systems inc. | $121,082,000 | +18.9% | 672,267 | +9.7% | 5.46% | +20.4% |
| SCOR | Sell | comScore, Inc. | $72,226,000 | +5.3% | 2,512,205 | -3.9% | 3.26% | +6.6% |
| TWLO | Buy | Twilio Inc. | $56,070,000 | +2.8% | 1,878,406 | +0.2% | 2.53% | +4.2% |
| ECOL | Sell | US Ecology, Inc. | $33,255,000 | -8.6% | 618,123 | -14.2% | 1.50% | -7.4% |
| CRMT | Sell | America's Car-Mart Inc. | $12,110,000 | -59.2% | 294,477 | -61.4% | 0.55% | -58.7% |
| VRSK | Exit | Verisk Analytics, Inc. | $0 | – | -1,112,394 | – | -4.18% | – |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PAH | New | Platform Specialty Products Co | $212,263,000 | – | 16,739,957 | – | 9.45% | – |
| IBKR | New | Interactive Brokers Group Inc | $167,077,000 | – | 4,464,909 | – | 7.44% | – |
| FAST | New | Fastenal Company | $156,392,000 | – | 3,592,749 | – | 6.96% | – |
| UA | New | UNDER ARMOUR INC CL C | $154,101,000 | – | 7,643,913 | – | 6.86% | – |
| CFX | New | Colfax Corporation | $152,216,000 | – | 3,866,300 | – | 6.78% | – |
| NATI | New | National Instruments Corp. | $152,182,000 | – | 3,783,751 | – | 6.77% | – |
| CSGP | New | CoStar Group | $145,958,000 | – | 553,711 | – | 6.50% | – |
| IT | New | Gartner Inc. | $135,456,000 | – | 1,096,723 | – | 6.03% | – |
| WAT | New | Waters Corporation | $133,153,000 | – | 724,285 | – | 5.93% | – |
| ANSS | New | Ansys, Inc. | $128,247,000 | – | 1,053,970 | – | 5.71% | – |
| MKL | New | Markel Corp. | $114,359,000 | – | 117,188 | – | 5.09% | – |
| BOX | New | Box, Inc | $105,839,000 | – | 5,802,586 | – | 4.71% | – |
| ALRM | New | Alarm.com Holdings, Inc. | $104,650,000 | – | 2,781,030 | – | 4.66% | – |
| FDS | New | FactSet Research Systems inc. | $101,871,000 | – | 613,018 | – | 4.53% | – |
| VRSK | New | Verisk Analytics, Inc. | $93,853,000 | – | 1,112,394 | – | 4.18% | – |
| SCOR | New | comScore, Inc. | $68,617,000 | – | 2,613,988 | – | 3.05% | – |
| TWLO | New | Twilio Inc. | $54,565,000 | – | 1,874,434 | – | 2.43% | – |
| ECOL | New | US Ecology, Inc. | $36,393,000 | – | 720,658 | – | 1.62% | – |
| CRMT | New | America's Car-Mart Inc. | $29,701,000 | – | 763,514 | – | 1.32% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SCOR | Exit | comScore, Inc. | $0 | – | -947,261 | – | -1.73% | – |
| ECOL | Exit | US Ecology, Inc. | $0 | – | -825,256 | – | -2.20% | – |
| ALRM | Exit | Alarm.com Holdings, Inc. | $0 | – | -1,386,233 | – | -2.38% | – |
| CRMT | Exit | America's Car-Mart Inc. | $0 | – | -1,133,217 | – | -2.45% | – |
| CSGP | Exit | CoStar Group | $0 | – | -312,770 | – | -4.03% | – |
| BOX | Exit | Box, Inc | $0 | – | -5,020,460 | – | -4.71% | – |
| FDS | Exit | FactSet Research Systems inc. | $0 | – | -509,934 | – | -4.92% | – |
| VRSK | Exit | Verisk Analytics, Inc. | $0 | – | -1,049,950 | – | -5.08% | – |
| MKL | Exit | Markel Corp. | $0 | – | -96,704 | – | -5.35% | – |
| WAT | Exit | Waters Corporation | $0 | – | -572,553 | – | -5.40% | – |
| ANSS | Exit | Ansys, Inc. | $0 | – | -980,251 | – | -5.40% | – |
| NATI | Exit | National Instruments Corp. | $0 | – | -3,203,786 | – | -5.42% | – |
| MCO | Exit | Moody's Corporation | $0 | – | -1,027,902 | – | -6.62% | – |
| IT | Exit | Gartner Inc. | $0 | – | -1,265,393 | – | -6.66% | – |
| IBKR | Exit | Interactive Brokers Group Inc | $0 | – | -3,193,131 | – | -6.70% | – |
| PAH | Exit | Platform Specialty Products Co | $0 | – | -14,074,631 | – | -6.79% | – |
| FAST | Exit | Fastenal Company | $0 | – | -2,808,756 | – | -6.98% | – |
| CFX | Exit | Colfax Corporation | $0 | – | -3,987,811 | – | -7.46% | – |
| ININ | Exit | Interactive Intelligence Group | $0 | – | -2,711,304 | – | -9.70% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ININ | Sell | Interactive Intelligence Group | $163,058,000 | +38.9% | 2,711,304 | -5.3% | 9.70% | +16.1% |
| CFX | Sell | Colfax Corporation | $125,337,000 | +14.7% | 3,987,811 | -3.4% | 7.46% | -4.1% |
| FAST | Buy | Fastenal Company | $117,350,000 | +22.5% | 2,808,756 | +30.2% | 6.98% | +2.4% |
| PAH | Buy | Platform Specialty Products Co | $114,145,000 | +0.5% | 14,074,631 | +10.1% | 6.79% | -15.9% |
| IBKR | Buy | Interactive Brokers Group Inc | $112,622,000 | +21.6% | 3,193,131 | +22.0% | 6.70% | +1.7% |
| IT | Buy | Gartner Inc. | $111,924,000 | +13.1% | 1,265,393 | +24.5% | 6.66% | -5.5% |
| MCO | Buy | Moody's Corporation | $111,301,000 | +23.6% | 1,027,902 | +7.0% | 6.62% | +3.4% |
| NATI | Buy | National Instruments Corp. | $90,988,000 | +43.5% | 3,203,786 | +38.4% | 5.42% | +20.0% |
| ANSS | Buy | Ansys, Inc. | $90,781,000 | +16.4% | 980,251 | +14.1% | 5.40% | -2.6% |
| WAT | Buy | Waters Corporation | $90,744,000 | +18.1% | 572,553 | +4.8% | 5.40% | -1.2% |
| MKL | Buy | Markel Corp. | $89,816,000 | +16.9% | 96,704 | +19.9% | 5.35% | -2.3% |
| VRSK | Buy | Verisk Analytics, Inc. | $85,340,000 | +15.9% | 1,049,950 | +15.6% | 5.08% | -3.1% |
| FDS | Buy | FactSet Research Systems inc. | $82,660,000 | +7.0% | 509,934 | +6.5% | 4.92% | -10.5% |
| BOX | Sell | Box, Inc | $79,122,000 | +49.0% | 5,020,460 | -2.3% | 4.71% | +24.5% |
| CSGP | Buy | CoStar Group | $67,724,000 | +15.7% | 312,770 | +16.9% | 4.03% | -3.2% |
| CRMT | Sell | America's Car-Mart Inc. | $41,238,000 | +13.1% | 1,133,217 | -12.3% | 2.45% | -5.5% |
| ALRM | Sell | Alarm.com Holdings, Inc. | $40,007,000 | -22.2% | 1,386,233 | -30.9% | 2.38% | -35.0% |
| ECOL | Sell | US Ecology, Inc. | $37,004,000 | -11.3% | 825,256 | -9.1% | 2.20% | -25.8% |
| SCOR | New | comScore, Inc. | $29,043,000 | – | 947,261 | – | 1.73% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ININ | New | Interactive Intelligence Group | $117,385,000 | – | 2,863,755 | – | 8.36% | – |
| PAH | New | Platform Specialty Products Co | $113,547,000 | – | 12,786,794 | – | 8.08% | – |
| CFX | New | Colfax Corporation | $109,258,000 | – | 4,129,169 | – | 7.78% | – |
| IT | New | Gartner Inc. | $99,001,000 | – | 1,016,334 | – | 7.05% | – |
| FAST | New | Fastenal Company | $95,765,000 | – | 2,157,361 | – | 6.82% | – |
| IBKR | New | Interactive Brokers Group Inc | $92,626,000 | – | 2,616,550 | – | 6.59% | – |
| MCO | New | Moody's Corporation | $90,037,000 | – | 960,802 | – | 6.41% | – |
| ANSS | New | Ansys, Inc. | $77,971,000 | – | 859,187 | – | 5.55% | – |
| FDS | New | FactSet Research Systems inc. | $77,262,000 | – | 478,638 | – | 5.50% | – |
| MKL | New | Markel Corp. | $76,851,000 | – | 80,660 | – | 5.47% | – |
| WAT | New | Waters Corporation | $76,820,000 | – | 546,180 | – | 5.47% | – |
| VRSK | New | Verisk Analytics, Inc. | $73,627,000 | – | 908,084 | – | 5.24% | – |
| NATI | New | National Instruments Corp. | $63,409,000 | – | 2,314,212 | – | 4.51% | – |
| CSGP | New | CoStar Group | $58,516,000 | – | 267,612 | – | 4.16% | – |
| BOX | New | Box, Inc | $53,111,000 | – | 5,136,447 | – | 3.78% | – |
| ALRM | New | Alarm.com Holdings, Inc. | $51,431,000 | – | 2,006,661 | – | 3.66% | – |
| ECOL | New | US Ecology, Inc. | $41,711,000 | – | 907,758 | – | 2.97% | – |
| CRMT | New | America's Car-Mart Inc. | $36,477,000 | – | 1,291,696 | – | 2.60% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PII | Exit | Polaris Industries Inc. | $0 | – | -157,024 | – | -1.87% | – |
| IBKR | Exit | Interactive Brokers Group, Inc. | $0 | – | -924,715 | – | -3.63% | – |
| ANSS | Exit | Ansys, Inc. | $0 | – | -418,891 | – | -3.67% | – |
| PAH | Exit | Platform Specialty Products Corpora | $0 | – | -2,921,051 | – | -3.67% | – |
| VRSK | Exit | Verisk Analytics, Inc. | $0 | – | -526,646 | – | -3.87% | – |
| MKL | Exit | Markel Corp. | $0 | – | -48,601 | – | -3.87% | – |
| NATI | Exit | National Instruments Corp. | $0 | – | -1,422,938 | – | -3.93% | – |
| WAT | Exit | Waters Corporation | $0 | – | -347,085 | – | -4.08% | – |
| CRMT | Exit | America's Car-Mart Inc. | $0 | – | -1,272,414 | – | -4.18% | – |
| FDS | Exit | FactSet Research Systems inc. | $0 | – | -304,934 | – | -4.84% | – |
| IT | Exit | Gartner Inc. | $0 | – | -582,069 | – | -4.86% | – |
| FAST | Exit | Fastenal Company | $0 | – | -1,533,010 | – | -5.58% | – |
| ECOL | Exit | US Ecology, Inc. | $0 | – | -1,383,355 | – | -6.00% | – |
| AWAY | Exit | HomeAway, Inc. | $0 | – | -2,322,208 | – | -6.12% | – |
| RLD | Exit | RealD Inc. | $0 | – | -6,766,875 | – | -6.46% | – |
| HEIA | Exit | Heico CP CL Acl a | $0 | – | -1,894,305 | – | -8.55% | – |
| ININ | Exit | Interactive Intelligence Group | $0 | – | -3,038,898 | – | -8.97% | – |
| CFX | Exit | Colfax Corporation | $0 | – | -5,329,338 | – | -15.84% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CFX | Buy | Colfax Corporation | $159,400,000 | -24.5% | 5,329,338 | +16.5% | 15.84% | -19.8% |
| ININ | Buy | Interactive Intelligence Group | $90,286,000 | -27.5% | 3,038,898 | +8.5% | 8.97% | -23.0% |
| HEIA | Sell | Heico CP CL Acl a | $86,020,000 | -13.0% | 1,894,305 | -2.7% | 8.55% | -7.6% |
| RLD | Sell | RealD Inc. | $65,030,000 | -33.1% | 6,766,875 | -14.1% | 6.46% | -28.9% |
| AWAY | Sell | HomeAway, Inc. | $61,631,000 | -26.4% | 2,322,208 | -13.7% | 6.12% | -21.9% |
| ECOL | Sell | US Ecology, Inc. | $60,383,000 | -33.2% | 1,383,355 | -25.5% | 6.00% | -29.1% |
| FAST | Buy | Fastenal Company | $56,123,000 | +114.2% | 1,533,010 | +146.8% | 5.58% | +127.5% |
| IT | Buy | Gartner Inc. | $48,853,000 | +88.9% | 582,069 | +93.1% | 4.86% | +100.6% |
| FDS | Buy | FactSet Research Systems inc. | $48,732,000 | +136.5% | 304,934 | +140.5% | 4.84% | +151.2% |
| CRMT | Buy | America's Car-Mart Inc. | $42,104,000 | -32.1% | 1,272,414 | +1.1% | 4.18% | -27.9% |
| WAT | Buy | Waters Corporation | $41,029,000 | +175.3% | 347,085 | +199.0% | 4.08% | +192.5% |
| NATI | Buy | National Instruments Corp. | $39,543,000 | +31.0% | 1,422,938 | +38.9% | 3.93% | +39.1% |
| MKL | Buy | Markel Corp. | $38,971,000 | +47.6% | 48,601 | +47.4% | 3.87% | +56.7% |
| VRSK | Buy | Verisk Analytics, Inc. | $38,924,000 | +88.4% | 526,646 | +85.5% | 3.87% | +100.1% |
| PAH | Buy | Platform Specialty Products Corpora | $36,951,000 | -40.2% | 2,921,051 | +21.0% | 3.67% | -36.5% |
| ANSS | Buy | Ansys, Inc. | $36,921,000 | +75.1% | 418,891 | +81.3% | 3.67% | +86.0% |
| IBKR | New | Interactive Brokers Group, Inc. | $36,499,000 | – | 924,715 | – | 3.63% | – |
| PII | Buy | Polaris Industries Inc. | $18,822,000 | -12.5% | 157,024 | +8.2% | 1.87% | -7.0% |
| DORM | Exit | Dorman Products, Inc. | $0 | – | -661,965 | – | -2.95% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CFX | New | Colfax Corporation | $211,100,000 | – | 4,574,215 | – | 19.75% | – |
| ININ | New | Interactive Intelligence Group | $124,593,000 | – | 2,801,736 | – | 11.66% | – |
| HEIA | New | Heico CP CL Acl a | $98,830,000 | – | 1,946,621 | – | 9.25% | – |
| RLD | New | RealD Inc. | $97,170,000 | – | 7,880,790 | – | 9.09% | – |
| ECOL | New | US Ecology, Inc. | $90,438,000 | – | 1,856,274 | – | 8.46% | – |
| AWAY | New | HomeAway, Inc. | $83,758,000 | – | 2,691,439 | – | 7.84% | – |
| CRMT | New | America's Car-Mart Inc. | $62,043,000 | – | 1,257,966 | – | 5.81% | – |
| PAH | New | Platform Specialty Products Corpora | $61,774,000 | – | 2,414,920 | – | 5.78% | – |
| DORM | New | Dorman Products, Inc. | $31,549,000 | – | 661,965 | – | 2.95% | – |
| NATI | New | National Instruments Corp. | $30,188,000 | – | 1,024,716 | – | 2.82% | – |
| MKL | New | Markel Corp. | $26,404,000 | – | 32,977 | – | 2.47% | – |
| FAST | New | Fastenal Company | $26,205,000 | – | 621,258 | – | 2.45% | – |
| IT | New | Gartner Inc. | $25,862,000 | – | 301,494 | – | 2.42% | – |
| PII | New | Polaris Industries Inc. | $21,501,000 | – | 145,172 | – | 2.01% | – |
| ANSS | New | Ansys, Inc. | $21,085,000 | – | 231,089 | – | 1.97% | – |
| VRSK | New | Verisk Analytics, Inc. | $20,660,000 | – | 283,952 | – | 1.93% | – |
| FDS | New | FactSet Research Systems inc. | $20,605,000 | – | 126,790 | – | 1.93% | – |
| WAT | New | Waters Corporation | $14,902,000 | – | 116,076 | – | 1.39% | – |
Q4 2014
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| EPAC | Sell | Actuant Corporationcl a | $106,837,000 | -11.9% | 3,500,556 | -0.2% | 13.05% | +31.3% |
| CFX | Buy | Colfax Corporation | $98,186,000 | -16.3% | 1,723,461 | +9.5% | 12.00% | +24.7% |
| MIDD | Sell | The Middleby Corporation | $90,147,000 | +3.0% | 1,022,890 | -3.3% | 11.01% | +53.4% |
| HEIA | Buy | Heico CP CL Acl a | $76,406,000 | +31.0% | 1,895,941 | +32.0% | 9.33% | +95.1% |
| RLD | Sell | RealD Inc. | $74,670,000 | -28.3% | 7,969,080 | -2.4% | 9.12% | +6.8% |
| PAH | Sell | Platform Specialty Products Corpora | $65,737,000 | -15.1% | 2,627,380 | -4.9% | 8.03% | +26.5% |
| ECOL | Sell | US Ecology, Inc. | $63,609,000 | -4.7% | 1,360,337 | -0.3% | 7.77% | +41.9% |
| ININ | Buy | Interactive Intelligence Group | $60,076,000 | +2777.2% | 1,437,220 | +3762.9% | 7.34% | +4191.8% |
| CEB | Sell | Corporate Executive Board Co. | $58,976,000 | -32.5% | 981,791 | -23.4% | 7.20% | +0.5% |
| CRMT | Sell | America's Car-Mart Inc. | $49,623,000 | +0.0% | 1,253,425 | -0.1% | 6.06% | +49.0% |
| PZZA | New | Papa John's International Inc. | $33,183,000 | – | 829,791 | – | 4.05% | – |
| BAM | Buy | Brookfield Asset Management Inc.cl a ltd | $2,458,000 | +14.9% | 54,660 | +12.4% | 0.30% | +71.4% |
| VWO | Buy | Vanguard Emerging Markets VIPERunit | $2,440,000 | +3.7% | 58,493 | +7.2% | 0.30% | +54.4% |
| BRKB | Sell | Berkshire Hathaway Inc 'B'cl b | $2,020,000 | -3.3% | 14,625 | -11.4% | 0.25% | +44.4% |
| BPY | Buy | Brookfield Property Partnersright | $1,718,000 | +10.2% | 81,521 | +9.2% | 0.21% | +64.1% |
| WTM | Buy | White Mountains Insurance Group | $1,577,000 | +34.6% | 2,503 | +30.0% | 0.19% | +101.0% |
| POST | Sell | Post Holdings Inc | $1,461,000 | -98.8% | 44,040 | -98.2% | 0.18% | -98.3% |
| EXPD | Buy | Expeditors International of Washing | $1,430,000 | +15.8% | 35,248 | +26.0% | 0.18% | +73.3% |
| CSWC | Buy | Capital Southwest Corporation | $1,355,000 | +22.2% | 37,892 | +23.1% | 0.17% | +82.4% |
| SPE | New | Special Opportunities Fund, Inc. | $1,207,000 | – | 72,383 | – | 0.15% | – |
| GLRE | Sell | Greenlight Capital Re, Ltd.cl a | $1,188,000 | -3.9% | 36,650 | -2.4% | 0.14% | +43.6% |
| Y | Sell | Alleghany Corp. | $1,152,000 | -5.0% | 2,754 | -0.5% | 0.14% | +42.4% |
| MORN | Sell | Morningstar, Inc | $1,134,000 | -18.2% | 16,695 | -13.6% | 0.14% | +21.9% |
| LUK | Buy | Leucadia National Corp. | $1,055,000 | -5.9% | 44,240 | +3.5% | 0.13% | +40.2% |
| UPLMQ | Buy | Ultra Petroleum Corp. | $947,000 | -18.8% | 40,702 | +3.6% | 0.12% | +20.8% |
| KMR | Buy | Kinder Morgan Management LLCright | $946,000 | +37.5% | 10,052 | +15.4% | 0.12% | +107.1% |
| WY | Sell | Weyehaeuser Company | $909,000 | -4.6% | 28,520 | -1.0% | 0.11% | +42.3% |
| ADP | Sell | Automatic Data Processing, Inc | $809,000 | +4.7% | 9,738 | -0.1% | 0.10% | +57.1% |
| AXP | Sell | American Express Company | $791,000 | -8.4% | 9,032 | -0.8% | 0.10% | +36.6% |
| BWX | Sell | SPDR Lehman Intl Treasury Bond ETFunit | $725,000 | -18.3% | 12,639 | -13.4% | 0.09% | +21.9% |
| VCSH | Sell | Vanguard ST Corp Bond ETFunit | $680,000 | -16.8% | 8,518 | -16.2% | 0.08% | +23.9% |
| GAF | Sell | SPDR S&P Middle East & Africa ETFunit | $675,000 | -5.7% | 9,704 | -0.7% | 0.08% | +39.0% |
| ASCMA | Buy | Ascent Capital Group | $667,000 | +105.2% | 11,084 | +124.8% | 0.08% | +200.0% |
| VSS | New | Vanguard FTSE All-Wld ex-US SmCp Idunit | $517,000 | – | 5,067 | – | 0.06% | – |
| MSFT | Sell | Microsoft Corp | $484,000 | +11.0% | 10,440 | -0.1% | 0.06% | +63.9% |
| EMR | Sell | Emerson Electric Co. | $482,000 | -5.9% | 7,705 | -0.1% | 0.06% | +40.5% |
| WOOF | Sell | VCA Inc. | $386,000 | +8.7% | 9,802 | -3.2% | 0.05% | +62.1% |
| UGI | Buy | UGI Corp. | $315,000 | +0.6% | 9,240 | +49.1% | 0.04% | +46.2% |
| VMBS | Sell | Vanguard MBS ETFunit | $221,000 | -26.6% | 4,196 | -26.6% | 0.03% | +8.0% |
| PZZI | Sell | Pizza Inn Holdings | $212,000 | -73.1% | 26,530 | -79.0% | 0.03% | -60.0% |
| EXC | Exit | Exelon Corp. | $0 | – | -5,738 | – | -0.02% | – |
| VTV | Exit | Vanguard Value ETFvalue etf | $0 | – | -9,231 | – | -0.06% | – |
| TAX | Exit | JTH Holding, Inc.cl a | $0 | – | -127,846 | – | -0.35% | – |
| TLFA | Exit | Tandy Leather Factory Inc | $0 | – | -1,012,182 | – | -0.76% | – |
| OFLX | Exit | Omega Flex, Inc. | $0 | – | -554,640 | – | -0.89% | – |
| CHKE | Exit | Cherokee, Inc. | $0 | – | -814,427 | – | -1.01% | – |
| MLAB | Exit | Mesa Laboratories Inc. | $0 | – | -161,758 | – | -1.11% | – |
| UTMD | Exit | Utah Medical Products | $0 | – | -303,667 | – | -1.28% | – |
| FHCO | Exit | Female Health Co. | $0 | – | -2,948,773 | – | -1.33% | – |
| REIS | Exit | Reis, Inc | $0 | – | -859,552 | – | -1.49% | – |
| GHM | Exit | Graham Corp. | $0 | – | -584,674 | – | -1.67% | – |
| WINA | Exit | Winmark Corp. | $0 | – | -497,975 | – | -2.84% | – |
| INTL | Exit | INTL FCStone Inc. | $0 | – | -1,794,027 | – | -2.93% | – |
| XPO | Exit | XPO Logistics, Inc. | $0 | – | -3,220,293 | – | -7.56% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| POST | New | Post Holdings Inc | $125,681,000 | – | 2,468,696 | – | 10.31% | – |
| EPAC | New | Actuant Corporationcl a new | $121,237,000 | – | 3,506,986 | – | 9.94% | – |
| CFX | New | Colfax Corporation | $117,319,000 | – | 1,573,906 | – | 9.62% | – |
| RLD | New | RealD Inc. | $104,166,000 | – | 8,163,458 | – | 8.54% | – |
| XPO | New | XPO Logistics, Inc. | $92,165,000 | – | 3,220,293 | – | 7.56% | – |
| MIDD | New | The Middleby Corporation | $87,524,000 | – | 1,058,070 | – | 7.18% | – |
| CEB | New | Corporate Executive Board | $87,425,000 | – | 1,281,518 | – | 7.17% | – |
| PAH | New | Platform Specialty Produc | $77,455,000 | – | 2,763,285 | – | 6.35% | – |
| ECOL | New | US Ecology, Inc. | $66,767,000 | – | 1,363,993 | – | 5.48% | – |
| HEIA | New | Heico CP CL Acl a | $58,329,000 | – | 1,436,671 | – | 4.78% | – |
| CRMT | New | America's Car-Mart Inc. | $49,607,000 | – | 1,254,297 | – | 4.07% | – |
| INTL | New | INTL FCStone Inc. | $35,737,000 | – | 1,794,027 | – | 2.93% | – |
| WINA | New | Winmark Corp. | $34,674,000 | – | 497,975 | – | 2.84% | – |
| GHM | New | Graham Corp. | $20,353,000 | – | 584,674 | – | 1.67% | – |
| REIS | New | Reis, Inc | $18,119,000 | – | 859,552 | – | 1.49% | – |
| FHCO | New | Female Health Co. | $16,248,000 | – | 2,948,773 | – | 1.33% | – |
| UTMD | New | Utah Medical Products | $15,621,000 | – | 303,667 | – | 1.28% | – |
| MLAB | New | Mesa Laboratories Inc. | $13,581,000 | – | 161,758 | – | 1.11% | – |
| CHKE | New | Cherokee, Inc. | $12,371,000 | – | 814,427 | – | 1.01% | – |
| OFLX | New | Omega Flex, Inc. | $10,882,000 | – | 554,640 | – | 0.89% | – |
| TLFA | New | Tandy Leather Factory Inc | $9,211,000 | – | 1,012,182 | – | 0.76% | – |
| TAX | New | JTH Holding, Inc.cl a | $4,259,000 | – | 127,846 | – | 0.35% | – |
| COP | New | ConocoPhillips | $2,572,000 | – | 30,000 | – | 0.21% | – |
| VWO | New | Vanguard Emerging Marketsftse emr mkt etf | $2,353,000 | – | 54,551 | – | 0.19% | – |
| BAM | New | Brookfield Asset Managemecl a ltd vt sh | $2,140,000 | – | 48,625 | – | 0.18% | – |
| ININ | New | Interactive Intelligence | $2,088,000 | – | 37,206 | – | 0.17% | – |
| BRKB | New | Berkshire Hathaway Inc 'Bcl b | $2,090,000 | – | 16,512 | – | 0.17% | – |
| BRKA | New | Berkshire Hathaway Inc 'Acl a | $1,709,000 | – | 9 | – | 0.14% | – |
| BPY | New | Brookfield Property Partnunit ltd partn | $1,559,000 | – | 74,686 | – | 0.13% | – |
| MORN | New | Morningstar, Inc | $1,387,000 | – | 19,315 | – | 0.11% | – |
| OXY | New | Occidental Petroleum | $1,232,000 | – | 12,000 | – | 0.10% | – |
| EXPD | New | Expeditors International | $1,235,000 | – | 27,968 | – | 0.10% | – |
| GLRE | New | Greenlight Capital Re, Ltclass a | $1,236,000 | – | 37,534 | – | 0.10% | – |
| Y | New | Alleghany Corp. | $1,213,000 | – | 2,769 | – | 0.10% | – |
| PSX | New | Phillips 66 Common Stock | $1,206,000 | – | 15,000 | – | 0.10% | – |
| WTM | New | White Mountains Insurance | $1,172,000 | – | 1,926 | – | 0.10% | – |
| UPLMQ | New | Ultra Petroleum Corp. | $1,166,000 | – | 39,274 | – | 0.10% | – |
| LUK | New | Leucadia National Corp. | $1,121,000 | – | 42,750 | – | 0.09% | – |
| CSWC | New | Capital Southwest Corpora | $1,109,000 | – | 30,784 | – | 0.09% | – |
| WY | New | Weyehaeuser Company | $953,000 | – | 28,797 | – | 0.08% | – |
| BWX | New | SPDR Lehman Intl Treasurybrclys intl eft | $887,000 | – | 14,593 | – | 0.07% | – |
| ZBH | New | Zimmer Holdings, Inc. | $888,000 | – | 8,551 | – | 0.07% | – |
| AXP | New | American Express Company | $864,000 | – | 9,107 | – | 0.07% | – |
| XEL | New | XCEL Energy Inc. | $838,000 | – | 26,000 | – | 0.07% | – |
| VCSH | New | Vanguard ST Corp Bond ETFshrt trm corp bd | $817,000 | – | 10,160 | – | 0.07% | – |
| PZZI | New | Pizza Inn Holdings | $788,000 | – | 126,530 | – | 0.06% | – |
| 4945SC | New | Kinder Morgan Energy LPut ltd partner | $789,000 | – | 9,600 | – | 0.06% | – |
| ADP | New | Automatic Data Processing | $773,000 | – | 9,744 | – | 0.06% | – |
| VTV | New | Vanguard Value ETFvalue etf | $747,000 | – | 9,231 | – | 0.06% | – |
| GAF | New | SPDR S&P Middle East & Afmideast africa | $716,000 | – | 9,773 | – | 0.06% | – |
| KMR | New | Kinder Morgan Management | $688,000 | – | 8,712 | – | 0.06% | – |
| NNN | New | National Retail Propertie | $521,000 | – | 14,000 | – | 0.04% | – |
| EMR | New | Emerson Electric Co. | $512,000 | – | 7,711 | – | 0.04% | – |
| PFE | New | Pfizer Inc. | $492,000 | – | 16,579 | – | 0.04% | – |
| CHH | New | Choice Hotels Internation | $471,000 | – | 10,000 | – | 0.04% | – |
| MSFT | New | Microsoft Corp | $436,000 | – | 10,449 | – | 0.04% | – |
| WOOF | New | VCA Antech Inc. | $355,000 | – | 10,122 | – | 0.03% | – |
| ASCMA | New | Ascent Capital Group | $325,000 | – | 4,931 | – | 0.03% | – |
| UGI | New | UGI Corp. | $313,000 | – | 6,197 | – | 0.03% | – |
| VMBS | New | Vanguard MBS ETFmortg-back sec | $301,000 | – | 5,716 | – | 0.02% | – |
| CAG | New | Conagra Food Inc | $297,000 | – | 10,000 | – | 0.02% | – |
| MRK | New | Merck & Company, Inc | $219,000 | – | 3,794 | – | 0.02% | – |
| EXC | New | Exelon Corp. | $209,000 | – | 5,738 | – | 0.02% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PEI | Exit | Pennsylvania Real Estatesh ben int | $0 | – | -10,155 | – | -0.02% | – |
| PZA | Exit | PoweShares Insured Naionainsur natl mun | $0 | – | -8,728 | – | -0.02% | – |
| TA | Exit | Travelcenters of America | $0 | – | -30,000 | – | -0.02% | – |
| WRI | Exit | Weingarten Realtysh ben int | $0 | – | -7,900 | – | -0.02% | – |
| WAG | Exit | Walgreen Co | $0 | – | -4,466 | – | -0.02% | – |
| UGI | Exit | UGI Corp | $0 | – | -6,205 | – | -0.02% | – |
| WOOF | Exit | VCA Antech Inc | $0 | – | -10,728 | – | -0.03% | – |
| CAG | Exit | Conagra Food Inc | $0 | – | -10,000 | – | -0.03% | – |
| VMBS | Exit | Vanguard MBS ETFmortg back sec | $0 | – | -7,204 | – | -0.04% | – |
| SHLDQ | Exit | Sears Holdings Corporatio | $0 | – | -6,458 | – | -0.04% | – |
| Exit | Ascent Capital Group | $0 | – | -5,186 | – | -0.04% | – | |
| CHH | Exit | Choice Hotels Internation | $0 | – | -10,000 | – | -0.04% | – |
| NNN | Exit | National Retail Propertie | $0 | – | -14,000 | – | -0.04% | – |
| PFE | Exit | Pfizer Inc | $0 | – | -16,579 | – | -0.04% | – |
| EMR | Exit | Emerson Electric Co | $0 | – | -7,711 | – | -0.05% | – |
| KMR | Exit | Kinder Morgan Management | $0 | – | -6,885 | – | -0.05% | – |
| GAF | Exit | SPDR S&P Middle East Africamideast africa | $0 | – | -9,934 | – | -0.06% | – |
| HPT | Exit | Hospitality Properties | $0 | – | -23,915 | – | -0.06% | – |
| Exit | American Express Company | $0 | – | -9,107 | – | -0.06% | – | |
| ZBH | Exit | Zimmer Holdings Inc | $0 | – | -8,551 | – | -0.06% | – |
| Exit | Automatic Data Processing | $0 | – | -9,744 | – | -0.07% | – | |
| XEL | Exit | XCEL Energy Inc | $0 | – | -26,000 | – | -0.07% | – |
| VGK | Exit | Vanguard European VIPERftse europe etf | $0 | – | -13,917 | – | -0.07% | – |
| 4945SC | Exit | Kinder Morgan Energy LPut ltd partner | $0 | – | -9,600 | – | -0.07% | – |
| MSFT | Exit | Microsoft Corp | $0 | – | -23,869 | – | -0.07% | – |
| WTM | Exit | White Mountains Insurance | $0 | – | -1,465 | – | -0.08% | – |
| WY | Exit | Weyehaeuser Company | $0 | – | -29,838 | – | -0.08% | – |
| PSX | Exit | Phillips 66 Common Stock | $0 | – | -15,000 | – | -0.08% | – |
| LUK | Exit | Leucadia National Corp | $0 | – | -32,436 | – | -0.08% | – |
| Exit | Alleghany Corp | $0 | – | -2,164 | – | -0.08% | – | |
| VTV | Exit | Vanguard Value ETFvalue | $0 | – | -13,383 | – | -0.09% | – |
| BWX | Exit | SPDR Lehman Intl Treasurybrclys intl etf | $0 | – | -16,178 | – | -0.09% | – |
| PZZI | Exit | Pizza Inn Holdings | $0 | – | -126,530 | – | -0.09% | – |
| VCSH | Exit | Vanguard ST Corp Bond ETFshrt trm corp bd | $0 | – | -12,747 | – | -0.10% | – |
| CSWC | Exit | Capital Southwest Corpora | $0 | – | -31,556 | – | -0.10% | – |
| BPY | Exit | Brookfield Property Partnunit ltd partn | $0 | – | -56,697 | – | -0.10% | – |
| UPLMQ | Exit | Ultra Petroleum Corp | $0 | – | -53,948 | – | -0.10% | – |
| OXY | Exit | Occidental Petroleum | $0 | – | -12,000 | – | -0.10% | – |
| EXPD | Exit | Expeditors International | $0 | – | -28,214 | – | -0.12% | – |
| GLRE | Exit | Greenlight Capital Re Ltcl a | $0 | – | -44,616 | – | -0.12% | – |
| Exit | Berkshire Hathaway Inc Acl a | $0 | – | -9 | – | -0.14% | – | |
| MORN | Exit | Morningstar Inc | $0 | – | -19,315 | – | -0.14% | – |
| BAM | Exit | Brookfield Asset Managemecl a ltd vt sh | $0 | – | -48,089 | – | -0.17% | – |
| VWO | Exit | Vanguard Emerging Marketsftse emr mkt etf | $0 | – | -46,798 | – | -0.18% | – |
| Exit | Berkshire Hathaway Inc Bcl b new | $0 | – | -16,896 | – | -0.18% | – | |
| COP | Exit | ConocoPhillips | $0 | – | -30,000 | – | -0.19% | – |
| REIS | Exit | Reis Inc | $0 | – | -508,880 | – | -0.77% | – |
| OFLX | Exit | Omega Flex Inc | $0 | – | -547,009 | – | -0.96% | – |
| HALL | Exit | Hallmark Financial Servic | $0 | – | -1,410,438 | – | -1.17% | – |
| TLFA | Exit | Tandy Leather Factory Inc | $0 | – | -1,631,829 | – | -1.20% | – |
| CHKE | Exit | Cherokee Inc | $0 | – | -1,048,660 | – | -1.27% | – |
| UTMD | Exit | Utah Medical Products | $0 | – | -421,842 | – | -2.34% | – |
| TZOO | Exit | Travelzoo Inc | $0 | – | -1,009,552 | – | -2.50% | – |
| CRMT | Exit | Americas Car Mart Inc | $0 | – | -603,025 | – | -2.54% | – |
| FHCO | Exit | Female Health Co | $0 | – | -4,146,219 | – | -3.81% | – |
| HEIA | Exit | Heico CP CL Acl a | $0 | – | -842,584 | – | -3.94% | – |
| ININ | Exit | Interactive Intelligence | $0 | – | -834,165 | – | -4.93% | – |
| RLD | Exit | RealD Inc | $0 | – | -7,960,011 | – | -5.19% | – |
| POST | Exit | Post Holdings Inc | $0 | – | -1,510,543 | – | -5.68% | – |
| WINA | Exit | Winmark Corp | $0 | – | -836,080 | – | -5.74% | – |
| INTL | Exit | INTL FCStone Inc | $0 | – | -3,029,210 | – | -5.77% | – |
| MASI | Exit | Masimo Corporation | $0 | – | -2,390,406 | – | -5.94% | – |
| XPO | Exit | XPO Logistics Inc | $0 | – | -3,015,029 | – | -6.09% | – |
| APEI | Exit | American Public Education | $0 | – | -1,775,604 | – | -6.25% | – |
| MIDD | Exit | The Middleby Corporation | $0 | – | -339,150 | – | -6.60% | – |
| CFX | Exit | Colfax Corporation | $0 | – | -1,398,792 | – | -7.36% | – |
| CEB | Exit | Corporate Executive Board | $0 | – | -1,186,659 | – | -8.03% | – |
| EPAC | Exit | Actuant Corporationcl a new | $0 | – | -2,322,340 | – | -8.41% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| EPAC | Sell | Actuant Corporationcl a new | $90,191,000 | +17.8% | 2,322,340 | -0.0% | 8.41% | +12.2% |
| CEB | Sell | Corporate Executive Board | $86,147,000 | +14.6% | 1,186,659 | -0.2% | 8.03% | +9.2% |
| CFX | Sell | Colfax Corporation | $78,996,000 | +2.9% | 1,398,792 | -5.1% | 7.36% | -2.0% |
| MIDD | Sell | The Middleby Corporation | $70,811,000 | +19.1% | 339,150 | -3.0% | 6.60% | +13.4% |
| APEI | Sell | American Public Education | $67,095,000 | -33.1% | 1,775,604 | -34.2% | 6.25% | -36.2% |
| XPO | Buy | XPO Logistics Inc | $65,307,000 | +94.9% | 3,015,029 | +62.8% | 6.09% | +85.7% |
| MASI | Sell | Masimo Corporation | $63,676,000 | -1.1% | 2,390,406 | -21.3% | 5.94% | -5.8% |
| INTL | Sell | INTL FCStone Inc | $61,938,000 | +12.8% | 3,029,210 | -3.7% | 5.77% | +7.5% |
| WINA | Sell | Winmark Corp | $61,613,000 | +13.6% | 836,080 | -0.0% | 5.74% | +8.2% |
| POST | Buy | Post Holdings Inc | $60,981,000 | +122.6% | 1,510,543 | +140.7% | 5.68% | +112.1% |
| RLD | Buy | RealD Inc | $55,683,000 | -32.2% | 7,960,011 | +34.7% | 5.19% | -35.4% |
| ININ | Sell | Interactive Intelligence | $52,929,000 | -38.4% | 834,165 | -49.9% | 4.93% | -41.3% |
| HEIA | Sell | Heico CP CL Acl a | $42,238,000 | +35.6% | 842,584 | -0.1% | 3.94% | +29.2% |
| FHCO | Buy | Female Health Co | $40,866,000 | +0.5% | 4,146,219 | +0.5% | 3.81% | -4.3% |
| CRMT | New | Americas Car Mart Inc | $27,202,000 | – | 603,025 | – | 2.54% | – |
| TZOO | Sell | Travelzoo Inc | $26,773,000 | -3.4% | 1,009,552 | -0.7% | 2.50% | -7.9% |
| UTMD | Sell | Utah Medical Products | $25,068,000 | +9.3% | 421,842 | -0.1% | 2.34% | +4.1% |
| CHKE | Buy | Cherokee Inc | $13,643,000 | +11.3% | 1,048,660 | +9.3% | 1.27% | +6.0% |
| TLFA | Sell | Tandy Leather Factory Inc | $12,839,000 | +1.1% | 1,631,829 | -0.1% | 1.20% | -3.7% |
| HALL | Sell | Hallmark Financial Servic | $12,511,000 | -19.4% | 1,410,438 | -16.9% | 1.17% | -23.2% |
| REIS | Buy | Reis Inc | $8,219,000 | +114.2% | 508,880 | +145.2% | 0.77% | +104.3% |
| Sell | Berkshire Hathaway Inc Bcl b new | $1,889,000 | -6.1% | 16,896 | -6.0% | 0.18% | -10.7% | |
| VWO | Buy | Vanguard Emerging Marketsftse emr mkt etf | $1,878,000 | +91.6% | 46,798 | +85.2% | 0.18% | +82.3% |
| BAM | Buy | Brookfield Asset Managemecl a ltd vt sh | $1,799,000 | +5.8% | 48,089 | +1.9% | 0.17% | +1.2% |
| MORN | Sell | Morningstar Inc | $1,531,000 | -88.8% | 19,315 | -89.0% | 0.14% | -89.3% |
| GLRE | Sell | Greenlight Capital Re Ltcl a | $1,252,000 | +13.9% | 44,616 | -0.4% | 0.12% | +8.3% |
| EXPD | Sell | Expeditors International | $1,243,000 | +15.0% | 28,214 | -0.7% | 0.12% | +9.4% |
| UPLMQ | Buy | Ultra Petroleum Corp | $1,103,000 | +16.5% | 53,948 | +13.0% | 0.10% | +10.8% |
| BPY | Buy | Brookfield Property Partnunit ltd partn | $1,099,000 | -0.5% | 56,697 | +4.3% | 0.10% | -5.6% |
| CSWC | Buy | Capital Southwest Corpora | $1,080,000 | -0.6% | 31,556 | +300.0% | 0.10% | -4.7% |
| VCSH | Sell | Vanguard ST Corp Bond ETFshrt trm corp bd | $1,015,000 | +0.1% | 12,747 | -0.6% | 0.10% | -4.0% |
| BWX | Sell | SPDR Lehman Intl Treasurybrclys intl etf | $944,000 | -0.9% | 16,178 | -4.4% | 0.09% | -5.4% |
| VTV | Sell | Vanguard Value ETFvalue | $934,000 | +0.4% | 13,383 | -2.7% | 0.09% | -4.4% |
| Buy | Alleghany Corp | $886,000 | +12.4% | 2,164 | +5.3% | 0.08% | +7.8% | |
| LUK | Buy | Leucadia National Corp | $884,000 | +67.1% | 32,436 | +60.8% | 0.08% | +57.7% |
| WY | Sell | Weyehaeuser Company | $854,000 | 0.0% | 29,838 | -0.4% | 0.08% | -4.8% |
| WTM | Buy | White Mountains Insurance | $832,000 | +0.6% | 1,465 | +1.9% | 0.08% | -3.7% |
| MSFT | Sell | Microsoft Corp | $794,000 | -4.0% | 23,869 | -0.3% | 0.07% | -8.6% |
| KMR | Buy | Kinder Morgan Management | $516,000 | +65.4% | 6,885 | +84.7% | 0.05% | +54.8% |
| VMBS | Sell | Vanguard MBS ETFmortg back sec | $371,000 | -3.1% | 7,204 | -4.0% | 0.04% | -5.4% |
| UGI | Buy | UGI Corp | $243,000 | +2.1% | 6,205 | +2.1% | 0.02% | 0.0% |
| WAG | New | Walgreen Co | $240,000 | – | 4,466 | – | 0.02% | – |
| IILG | Exit | Interval Leisure Group | $0 | – | -53,281 | – | -0.10% | – |
| NRCIB | Exit | National Research Corpcl b | $0 | – | -40,865 | – | -0.14% | – |
| Exit | Abaxis Inc | $0 | – | -151,246 | – | -0.70% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| APEI | New | American Public Education | $100,219,000 | – | 2,696,956 | – | 9.80% | – |
| ININ | New | Interactive Intelligence | $85,934,000 | – | 1,665,392 | – | 8.41% | – |
| RLD | New | RealD Inc | $82,125,000 | – | 5,908,242 | – | 8.04% | – |
| CFX | New | Colfax Corporation | $76,803,000 | – | 1,473,864 | – | 7.51% | – |
| EPAC | New | Actuant Corporationcl a new | $76,590,000 | – | 2,323,015 | – | 7.49% | – |
| CEB | New | Corporate Executive Board | $75,165,000 | – | 1,188,940 | – | 7.35% | – |
| MASI | New | Masimo Corporation | $64,394,000 | – | 3,037,471 | – | 6.30% | – |
| MIDD | New | The Middleby Corporation | $59,470,000 | – | 349,637 | – | 5.82% | – |
| INTL | New | INTL FCStone Inc | $54,887,000 | – | 3,145,390 | – | 5.37% | – |
| WINA | New | Winmark Corp | $54,251,000 | – | 836,300 | – | 5.31% | – |
| FHCO | New | Female Health Co | $40,675,000 | – | 4,125,296 | – | 3.98% | – |
| XPO | New | XPO Logistics Inc | $33,510,000 | – | 1,852,425 | – | 3.28% | – |
| HEIA | New | Heico CP CL Acl a | $31,146,000 | – | 843,840 | – | 3.05% | – |
| TZOO | New | Travelzoo Inc | $27,708,000 | – | 1,016,427 | – | 2.71% | – |
| POST | New | Post Holdings Inc | $27,397,000 | – | 627,519 | – | 2.68% | – |
| UTMD | New | Utah Medical Products | $22,937,000 | – | 422,415 | – | 2.24% | – |
| HALL | New | Hallmark Financial Servic | $15,513,000 | – | 1,697,243 | – | 1.52% | – |
| MORN | New | Morningstar Inc | $13,630,000 | – | 175,687 | – | 1.33% | – |
| TLFA | New | Tandy Leather Factory Inc | $12,704,000 | – | 1,632,863 | – | 1.24% | – |
| CHKE | New | Cherokee Inc | $12,263,000 | – | 959,563 | – | 1.20% | – |
| OFLX | New | Omega Flex Inc | $8,134,000 | – | 547,009 | – | 0.80% | – |
| New | Abaxis Inc | $7,186,000 | – | 151,246 | – | 0.70% | – | |
| REIS | New | Reis Inc | $3,837,000 | – | 207,500 | – | 0.38% | – |
| New | Berkshire Hathaway Inc Bcl b new | $2,012,000 | – | 17,981 | – | 0.20% | – | |
| COP | New | ConocoPhillips | $1,815,000 | – | 30,000 | – | 0.18% | – |
| BAM | New | Brookfield Asset Managementcl a ltd vt sh | $1,701,000 | – | 47,215 | – | 0.17% | – |
| New | Berkshire Hathaway Inc Acl a | $1,517,000 | – | 9 | – | 0.15% | – | |
| NRCIB | New | National Research Corpcl b | $1,428,000 | – | 40,865 | – | 0.14% | – |
| BPY | New | Brookfield Property Partnunit ltd partn | $1,104,000 | – | 54,363 | – | 0.11% | – |
| GLRE | New | Greenlight Capital Re Ltcl a | $1,099,000 | – | 44,811 | – | 0.11% | – |
| EXPD | New | Expeditors International | $1,081,000 | – | 28,415 | – | 0.11% | – |
| CSWC | New | Capital Southwest Corpora | $1,087,000 | – | 7,889 | – | 0.11% | – |
| OXY | New | Occidental Petroleum | $1,071,000 | – | 12,000 | – | 0.10% | – |
| IILG | New | Interval Leisure Group | $1,061,000 | – | 53,281 | – | 0.10% | – |
| VCSH | New | Vanguard ST Corp Bond ETFshrt trm corp bd | $1,014,000 | – | 12,824 | – | 0.10% | – |
| VWO | New | Vanguard Emerging Marketsftse emr mkt etf | $980,000 | – | 25,265 | – | 0.10% | – |
| UPLMQ | New | Ultra Petroleum Corp | $947,000 | – | 47,760 | – | 0.09% | – |
| BWX | New | SPDR Lehman Intl Treasurybrclys intl etf | $953,000 | – | 16,930 | – | 0.09% | – |
| VTV | New | Vanguard Value ETFvalue etf | $930,000 | – | 13,754 | – | 0.09% | – |
| PSX | New | Phillips 66 Common Stock | $884,000 | – | 15,000 | – | 0.09% | – |
| WY | New | Weyehaeuser Company | $854,000 | – | 29,966 | – | 0.08% | – |
| MSFT | New | Microsoft Corp | $827,000 | – | 23,944 | – | 0.08% | – |
| WTM | New | White Mountains Insurance | $827,000 | – | 1,438 | – | 0.08% | – |
| 4945SC | New | Kinder Morgan Energy LPut ltd partner | $820,000 | – | 9,600 | – | 0.08% | – |
| New | Alleghany Corp | $788,000 | – | 2,055 | – | 0.08% | – | |
| XEL | New | XCEL Energy Inc | $737,000 | – | 26,000 | – | 0.07% | – |
| PZZI | New | Pizza Inn Holdings | $725,000 | – | 126,530 | – | 0.07% | – |
| New | American Express Company | $681,000 | – | 9,107 | – | 0.07% | – | |
| VGK | New | Vanguard European VIPERftse europe etf | $670,000 | – | 13,917 | – | 0.07% | – |
| New | Automatic Data Processing | $671,000 | – | 9,744 | – | 0.07% | – | |
| ZBH | New | Zimmer Holdings Inc | $641,000 | – | 8,551 | – | 0.06% | – |
| HPT | New | Hospitality Properties | $628,000 | – | 23,915 | – | 0.06% | – |
| GAF | New | SPDR S&P Middle East & Afmideast africa | $617,000 | – | 9,934 | – | 0.06% | – |
| LUK | New | Leucadia National Corp | $529,000 | – | 20,168 | – | 0.05% | – |
| NNN | New | National Retail Propertie | $482,000 | – | 14,000 | – | 0.05% | – |
| PFE | New | Pfizer Inc | $464,000 | – | 16,579 | – | 0.04% | – |
| EMR | New | Emerson Electric Co | $421,000 | – | 7,711 | – | 0.04% | – |
| New | Ascent Capital Group | $405,000 | – | 5,186 | – | 0.04% | – | |
| CHH | New | Choice Hotels International | $397,000 | – | 10,000 | – | 0.04% | – |
| VMBS | New | Vanguard MBS ETFmortg back sec | $383,000 | – | 7,506 | – | 0.04% | – |
| CAG | New | Conagra Food Inc | $349,000 | – | 10,000 | – | 0.03% | – |
| TA | New | Travelcenters of America | $328,000 | – | 30,000 | – | 0.03% | – |
| KMR | New | Kinder Morgan Management | $312,000 | – | 3,728 | – | 0.03% | – |
| WOOF | New | VCA Antech Inc | $280,000 | – | 10,728 | – | 0.03% | – |
| SHLDQ | New | Sears Holdings Corporatio | $272,000 | – | 6,458 | – | 0.03% | – |
| WRI | New | Weingarten Realtysh ben int | $243,000 | – | 7,900 | – | 0.02% | – |
| UGI | New | UGI Corp | $238,000 | – | 6,075 | – | 0.02% | – |
| PZA | New | PoweShares Insured Naionainsur natl mun | $209,000 | – | 8,728 | – | 0.02% | – |
| PEI | New | Pennsylvania Real Estatesh ben int | $192,000 | – | 10,155 | – | 0.02% | – |