Whale Rock Capital Management Activity Q4 2006-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$433,392,767	-1.2%	1,372,582	+6.6%	8.75%	+15.8%
FB	Sell	META PLATFORMS INCcl a	$386,285,911	-22.5%	1,286,719	-25.9%	7.80%	-9.2%
NVDA	Sell	NVIDIA CORPORATION	$338,214,730	-17.5%	777,523	-19.8%	6.83%	-3.4%
SPLK	Buy	SPLUNK INC	$258,432,086	+50.2%	1,767,057	+9.0%	5.22%	+76.0%
	Buy	DRAFTKINGS INC NEW	$245,060,591	+13.6%	8,324,069	+2.5%	4.95%	+33.1%
HUBS	Sell	HUBSPOT INC	$242,909,373	-18.6%	493,217	-12.0%	4.90%	-4.6%
GOOGL	Buy	ALPHABET INCcap stk cl a	$206,737,993	+352.8%	1,579,841	+314.2%	4.18%	+430.5%
	Buy	NU HLDGS LTD	$181,671,943	-5.2%	25,058,199	+3.1%	3.67%	+11.0%
	Sell	DUOLINGO INC	$179,981,888	-5.2%	1,085,078	-18.3%	3.63%	+11.0%
ON	Buy	ON SEMICONDUCTOR CORP	$173,749,762	+1.9%	1,869,282	+3.7%	3.51%	+19.4%
PDD	Buy	PDD HOLDINGS INCsponsored ads	$163,865,163	+181.5%	1,670,900	+98.5%	3.31%	+229.9%
ORCL	Sell	ORACLE CORP	$145,987,841	-14.2%	1,378,284	-3.6%	2.95%	+0.5%
PANW	Sell	PALO ALTO NETWORKS INC	$143,248,935	-33.5%	611,026	-27.5%	2.89%	-22.1%
WDAY	Buy	WORKDAY INCcl a	$142,200,191	-3.0%	661,858	+2.0%	2.87%	+13.7%
JBL	Buy	JABIL INC	$136,397,614	+52.2%	1,074,928	+29.5%	2.75%	+78.3%
FTNT	Sell	FORTINET INC	$135,053,839	-31.5%	2,301,531	-11.7%	2.73%	-19.7%
DDOG	Buy	DATADOG INC	$127,343,273	+14.3%	1,397,994	+23.5%	2.57%	+33.9%
CRM	Sell	SALESFORCE INC	$116,007,599	-10.1%	572,086	-6.3%	2.34%	+5.3%
SMCI	Sell	SUPER MICRO COMPUTER INC	$108,015,258	-2.6%	393,900	-11.4%	2.18%	+14.1%
RMBS	Buy	RAMBUS INC DEL	$105,171,793	+114.6%	1,885,137	+146.8%	2.12%	+151.4%
ESTC	New	ELASTIC N V	$98,684,097	–	1,214,723	–	1.99%	–
ZS	Sell	ZSCALER INC	$92,879,606	-18.3%	596,951	-23.2%	1.88%	-4.3%
CYBR	Sell	CYBERARK SOFTWARE LTD	$85,528,227	-34.6%	522,246	-37.6%	1.73%	-23.4%
ACLS	Buy	AXCELIS TECHNOLOGIES INC	$84,306,959	-3.1%	517,062	+9.0%	1.70%	+13.5%
MELI	Sell	MERCADOLIBRE INC	$75,673,418	-5.2%	59,685	-11.4%	1.53%	+11.0%
	Buy	SAMSARA INC	$72,650,002	+37.8%	2,881,793	+51.5%	1.47%	+61.4%
	Sell	TOAST INCcl a	$68,999,185	-38.1%	3,683,886	-25.5%	1.39%	-27.6%
CDNS	Buy	CADENCE DESIGN SYSTEM INC	$49,610,213	+8.9%	211,738	+9.0%	1.00%	+27.6%
AKAM	New	AKAMAI TECHNOLOGIES INC	$49,427,102	–	463,930	–	1.00%	–
FN	New	FABRINET	$45,299,979	–	271,876	–	0.92%	–
CPNG	New	COUPANG INCcl a	$43,420,278	–	2,554,134	–	0.88%	–
CAMT	New	CAMTEK LTDord	$42,284,253	–	679,156	–	0.85%	–
MDB	Buy	MONGODB INCcl a	$35,957,335	-8.3%	103,965	+9.0%	0.73%	+7.4%
CLS	New	CELESTICA INC	$33,942,766	–	1,384,289	–	0.68%	–
OKTA	Sell	OKTA INCcl a	$29,058,233	-70.7%	356,499	-75.0%	0.59%	-65.6%
ONTO	New	ONTO INNOVATION INC	$22,974,258	–	180,162	–	0.46%	–
MSGE	New	SPHERE ENTERTAINMENT COcl a	$16,392,577	–	441,135	–	0.33%	–
MQ	New	MARQETA INC	$16,099,721	–	2,692,261	–	0.32%	–
NVMI	New	NOVA LTD	$10,847,424	–	96,473	–	0.22%	–
	New	KLAVIYO INC	$8,625,000	–	250,000	–	0.17%	–
BILL	Exit	BILL HOLDINGS INC	$0	–	-10,255	–	-0.02%	–
GLOB	Exit	GLOBANT S A	$0	–	-145,778	–	-0.45%	–
INTU	Exit	INTUIT	$0	–	-63,387	–	-0.50%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-112,515	–	-0.95%	–
AMZN	Exit	AMAZON COM INC	$0	–	-465,893	–	-1.05%	–
PSTG	Exit	PURE STORAGE INCcl a	$0	–	-1,697,337	–	-1.08%	–
MPWR	Exit	MONOLITHIC PWR SYS INC	$0	–	-131,516	–	-1.22%	–
CFLT	Exit	CONFLUENT INC	$0	–	-2,990,484	–	-1.82%	–
ANET	Exit	ARISTA NETWORKS INC	$0	–	-705,119	–	-1.97%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-1,173,592	–	-2.30%	–
MNDY	Exit	MONDAY COM LTD	$0	–	-821,666	–	-2.42%	–
NFLX	Exit	NETFLIX INC	$0	–	-758,567	–	-5.76%	–

Q2 2023

			Value		Shares		↓ Weighting
FB	New	META PLATFORMS INCcl a	$498,449,822	–	1,736,880	–	8.59%	–
MSFT	New	MICROSOFT CORP	$438,441,504	–	1,287,489	–	7.56%	–
NVDA	New	NVIDIA CORPORATION	$409,918,225	–	969,028	–	7.07%	–
NFLX	New	NETFLIX INC	$334,141,178	–	758,567	–	5.76%	–
HUBS	New	HUBSPOT INC	$298,263,582	–	560,551	–	5.14%	–
	New	DRAFTKINGS INC NEW	$215,686,811	–	8,117,682	–	3.72%	–
PANW	New	PALO ALTO NETWORKS INC	$215,335,907	–	842,769	–	3.71%	–
FTNT	New	FORTINET INC	$197,102,286	–	2,607,518	–	3.40%	–
	New	NU HLDGS LTD	$191,674,421	–	24,293,336	–	3.30%	–
	New	DUOLINGO INC	$189,932,954	–	1,328,760	–	3.27%	–
SPLK	New	SPLUNK INC	$172,005,096	–	1,621,313	–	2.96%	–
ON	New	ON SEMICONDUCTOR CORP	$170,460,777	–	1,802,292	–	2.94%	–
ORCL	New	ORACLE CORP	$170,209,740	–	1,429,253	–	2.93%	–
WDAY	New	WORKDAY INCcl a	$146,537,102	–	648,710	–	2.53%	–
MNDY	New	MONDAY COM LTD	$140,685,653	–	821,666	–	2.42%	–
AMD	New	ADVANCED MICRO DEVICES INC	$133,683,865	–	1,173,592	–	2.30%	–
CYBR	New	CYBERARK SOFTWARE LTD	$130,772,546	–	836,516	–	2.25%	–
CRM	New	SALESFORCE INC	$128,998,314	–	610,614	–	2.22%	–
ANET	New	ARISTA NETWORKS INC	$114,271,585	–	705,119	–	1.97%	–
ZS	New	ZSCALER INC	$113,671,004	–	776,972	–	1.96%	–
	New	TOAST INCcl a	$111,554,098	–	4,942,583	–	1.92%	–
DDOG	New	DATADOG INC	$111,366,062	–	1,131,999	–	1.92%	–
SMCI	New	SUPER MICRO COMPUTER INC	$110,862,163	–	444,783	–	1.91%	–
CFLT	New	CONFLUENT INC	$105,593,990	–	2,990,484	–	1.82%	–
OKTA	New	OKTA INCcl a	$99,056,974	–	1,428,363	–	1.71%	–
JBL	New	JABIL INC	$89,599,816	–	830,166	–	1.54%	–
ACLS	New	AXCELIS TECHNOLOGIES INC	$86,964,602	–	474,361	–	1.50%	–
MELI	New	MERCADOLIBRE INC	$79,819,533	–	67,381	–	1.38%	–
MPWR	New	MONOLITHIC PWR SYS INC	$71,048,889	–	131,516	–	1.22%	–
PSTG	New	PURE STORAGE INCcl a	$62,495,948	–	1,697,337	–	1.08%	–
AMZN	New	AMAZON COM INC	$60,733,811	–	465,893	–	1.05%	–
PDD	New	PDD HOLDINGS INCsponsored ads	$58,211,870	–	841,942	–	1.00%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$55,018,710	–	112,515	–	0.95%	–
	New	SAMSARA INC	$52,706,914	–	1,902,090	–	0.91%	–
RMBS	New	RAMBUS INC DEL	$49,011,891	–	763,782	–	0.84%	–
GOOGL	New	ALPHABET INCcap stk cl a	$45,654,298	–	381,406	–	0.79%	–
CDNS	New	CADENCE DESIGN SYSTEM INC	$45,567,001	–	194,299	–	0.78%	–
MDB	New	MONGODB INCcl a	$39,204,336	–	95,390	–	0.68%	–
INTU	New	INTUIT	$29,043,290	–	63,387	–	0.50%	–
GLOB	New	GLOBANT S A	$26,199,222	–	145,778	–	0.45%	–
BILL	New	BILL HOLDINGS INC	$1,198,297	–	10,255	–	0.02%	–

Q4 2022

			Value		Shares		↓ Weighting
PCOR	Exit	PROCORE TECHNOLOGIES INC	$0	–	-190,435	–	-0.26%	–
MNDY	Exit	MONDAY COM LTD	$0	–	-109,139	–	-0.35%	–
	Exit	HASHICORP INC	$0	–	-439,931	–	-0.40%	–
AYX	Exit	ALTERYX INC	$0	–	-288,022	–	-0.45%	–
BZ	Exit	KANZHUN LIMITEDsponsored ads	$0	–	-996,147	–	-0.47%	–
SMAR	Exit	SMARTSHEET INC	$0	–	-502,384	–	-0.48%	–
	Exit	TOAST INCcl a	$0	–	-1,070,875	–	-0.50%	–
	Exit	PAGAYA TECHNOLOGIES LTD	$0	–	-11,095,248	–	-0.56%	–
ANET	Exit	ARISTA NETWORKS INC	$0	–	-256,778	–	-0.82%	–
	Exit	GITLAB INC	$0	–	-585,764	–	-0.84%	–
PDD	Exit	PINDUODUO INCsponsored ads	$0	–	-519,955	–	-0.92%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-374,101	–	-1.01%	–
CRWD	Exit	CROWDSTRIKE HLDGS INCcl a	$0	–	-229,699	–	-1.06%	–
MRVL	Exit	MARVELL TECHNOLOGY INC	$0	–	-1,043,785	–	-1.26%	–
BILL	Exit	BILL COM HLDGS INC	$0	–	-413,740	–	-1.54%	–
PINS	Exit	PINTEREST INCcl a	$0	–	-2,362,354	–	-1.55%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH LTord	$0	–	-517,993	–	-1.63%	–
AVGO	Exit	BROADCOM INC	$0	–	-136,227	–	-1.70%	–
FIVN	Exit	FIVE9 INC	$0	–	-888,507	–	-1.87%	–
BEKE	Exit	KE HLDGS INCsponsored ads	$0	–	-3,943,283	–	-1.94%	–
MDB	Exit	MONGODB INCcl a	$0	–	-353,606	–	-1.97%	–
CRM	Exit	SALESFORCE INC	$0	–	-519,388	–	-2.10%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-497,310	–	-2.29%	–
SQ	Exit	BLOCK INCcl a	$0	–	-1,610,307	–	-2.49%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-682,199	–	-2.57%	–
HUBS	Exit	HUBSPOT INC	$0	–	-391,135	–	-2.97%	–
	Exit	NU HLDGS LTD	$0	–	-24,154,442	–	-2.99%	–
ZS	Exit	ZSCALER INC	$0	–	-657,235	–	-3.04%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-4,463,388	–	-3.28%	–
ORCL	Exit	ORACLE CORP	$0	–	-2,248,563	–	-3.86%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-952,714	–	-4.08%	–
PSTG	Exit	PURE STORAGE INCcl a	$0	–	-5,850,134	–	-4.50%	–
ON	Exit	ON SEMICONDUCTOR CORP	$0	–	-2,712,548	–	-4.75%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-1,288,978	–	-4.92%	–
SPLK	Exit	SPLUNK INC	$0	–	-2,349,946	–	-4.97%	–
INTU	Exit	INTUIT	$0	–	-479,395	–	-5.22%	–
MPWR	Exit	MONOLITHIC PWR SYS INC	$0	–	-516,919	–	-5.28%	–
NFLX	Exit	NETFLIX INC	$0	–	-826,966	–	-5.47%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-965,894	–	-6.32%	–
AMZN	Exit	AMAZON COM INC	$0	–	-2,304,454	–	-7.32%	–

Q3 2022

			Value		Shares		↓ Weighting
AMZN	Buy	AMAZON COM INC	$260,403,000	+24.6%	2,304,454	+17.1%	7.32%	+17.9%
MSFT	Sell	MICROSOFT CORP	$224,957,000	-39.2%	965,894	-32.9%	6.32%	-42.4%
NFLX	New	NETFLIX INC	$194,701,000	–	826,966	–	5.47%	–
MPWR	Sell	MONOLITHIC PWR SYS INC	$187,848,000	-32.9%	516,919	-29.1%	5.28%	-36.5%
INTU	Sell	INTUIT	$185,679,000	-29.7%	479,395	-30.1%	5.22%	-33.5%
SPLK	Sell	SPLUNK INC	$176,716,000	-27.3%	2,349,946	-14.5%	4.97%	-31.2%
FB	New	META PLATFORMS INCcl a	$174,889,000	–	1,288,978	–	4.92%	–
ON	New	ON SEMICONDUCTOR CORP	$169,073,000	–	2,712,548	–	4.75%	–
PSTG	Buy	PURE STORAGE INCcl a	$160,118,000	+22.1%	5,850,134	+14.7%	4.50%	+15.6%
WDAY	Buy	WORKDAY INCcl a	$145,022,000	+157.7%	952,714	+136.3%	4.08%	+143.8%
ORCL	Buy	ORACLE CORP	$137,320,000	-6.2%	2,248,563	+7.3%	3.86%	-11.2%
JNPR	Buy	JUNIPER NETWORKS INC	$116,584,000	-3.6%	4,463,388	+5.2%	3.28%	-8.7%
ZS	Buy	ZSCALER INC	$108,030,000	+126.5%	657,235	+106.1%	3.04%	+114.4%
	Sell	NU HLDGS LTD	$106,280,000	+13.7%	24,154,442	-3.4%	2.99%	+7.6%
HUBS	Buy	HUBSPOT INC	$105,653,000	+15.6%	391,135	+28.7%	2.97%	+9.4%
TMUS	Sell	T-MOBILE US INC	$91,531,000	-4.3%	682,199	-4.0%	2.57%	-9.4%
SQ	New	BLOCK INCcl a	$88,551,000	–	1,610,307	–	2.49%	–
PANW	Buy	PALO ALTO NETWORKS INC	$81,454,000	-38.6%	497,310	+85.1%	2.29%	-41.9%
CRM	Buy	SALESFORCE INC	$74,709,000	+21.3%	519,388	+39.2%	2.10%	+14.8%
MDB	Sell	MONGODB INCcl a	$70,212,000	-46.3%	353,606	-29.9%	1.97%	-49.2%
BEKE	Sell	KE HLDGS INCsponsored ads	$69,086,000	-25.3%	3,943,283	-23.5%	1.94%	-29.3%
FIVN	Buy	FIVE9 INC	$66,620,000	+118.5%	888,507	+165.5%	1.87%	+106.6%
AVGO	Buy	BROADCOM INC	$60,486,000	+28.5%	136,227	+40.6%	1.70%	+21.6%
CHKP	Sell	CHECK POINT SOFTWARE TECH LTord	$58,026,000	-46.0%	517,993	-41.3%	1.63%	-48.9%
PINS	New	PINTEREST INCcl a	$55,043,000	–	2,362,354	–	1.55%	–
BILL	New	BILL COM HLDGS INC	$54,767,000	–	413,740	–	1.54%	–
MRVL	Buy	MARVELL TECHNOLOGY INC	$44,789,000	+25.7%	1,043,785	+27.5%	1.26%	+19.0%
CRWD	Sell	CROWDSTRIKE HLDGS INCcl a	$37,857,000	-69.7%	229,699	-69.0%	1.06%	-71.3%
GOOGL	Buy	ALPHABET INCcap stk cl a	$35,783,000	-11.6%	374,101	+1913.1%	1.01%	-16.4%
PDD	New	PINDUODUO INCsponsored ads	$32,539,000	–	519,955	–	0.92%	–
	New	GITLAB INC	$30,003,000	–	585,764	–	0.84%	–
ANET	New	ARISTA NETWORKS INC	$28,988,000	–	256,778	–	0.82%	–
	Sell	PAGAYA TECHNOLOGIES LTD	$20,082,000	-58.7%	11,095,248	-4.7%	0.56%	-61.0%
	Sell	TOAST INCcl a	$17,905,000	-2.7%	1,070,875	-24.7%	0.50%	-8.0%
SMAR	New	SMARTSHEET INC	$17,262,000	–	502,384	–	0.48%	–
BZ	Sell	KANZHUN LIMITEDsponsored ads	$16,815,000	-57.2%	996,147	-33.3%	0.47%	-59.4%
AYX	New	ALTERYX INC	$16,083,000	–	288,022	–	0.45%	–
	Sell	HASHICORP INC	$14,161,000	-16.5%	439,931	-23.7%	0.40%	-21.0%
MNDY	New	MONDAY COM LTD	$12,370,000	–	109,139	–	0.35%	–
PCOR	Sell	PROCORE TECHNOLOGIES INC	$9,423,000	-65.0%	190,435	-67.9%	0.26%	-66.8%
	Exit	AMPLITUDE INC	$0	–	-604,558	–	-0.26%	–
ESTC	Exit	ELASTIC N V	$0	–	-275,912	–	-0.55%	–
IIVI	Exit	II-VI INC	$0	–	-1,039,853	–	-1.57%	–
DDOG	Exit	DATADOG INC	$0	–	-586,661	–	-1.66%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-423,363	–	-1.78%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-863,115	–	-2.04%	–

Q2 2022

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$369,798,000	–	1,439,857	–	10.98%	–
MPWR	New	MONOLITHIC PWR SYS INC	$279,989,000	–	729,061	–	8.32%	–
INTU	New	INTUIT	$264,162,000	–	685,351	–	7.84%	–
SPLK	New	SPLUNK INC	$243,096,000	–	2,748,086	–	7.22%	–
AMZN	New	AMAZON COM INC	$208,988,000	–	1,967,688	–	6.21%	–
ORCL	New	ORACLE CORP	$146,418,000	–	2,095,583	–	4.35%	–
PANW	New	PALO ALTO NETWORKS INC	$132,709,000	–	268,674	–	3.94%	–
PSTG	New	PURE STORAGE INCcl a	$131,133,000	–	5,100,476	–	3.89%	–
MDB	New	MONGODB INCcl a	$130,864,000	–	504,292	–	3.89%	–
CRWD	New	CROWDSTRIKE HLDGS INCcl a	$124,782,000	–	740,281	–	3.71%	–
JNPR	New	JUNIPER NETWORKS INC	$120,879,000	–	4,241,384	–	3.59%	–
CHKP	New	CHECK POINT SOFTWARE TECH LTord	$107,404,000	–	881,948	–	3.19%	–
TMUS	New	T-MOBILE US INC	$95,611,000	–	710,648	–	2.84%	–
	New	NU HLDGS LTD	$93,499,000	–	24,999,620	–	2.78%	–
BEKE	New	KE HLDGS INCsponsored ads	$92,538,000	–	5,155,342	–	2.75%	–
HUBS	New	HUBSPOT INC	$91,386,000	–	303,963	–	2.71%	–
LITE	New	LUMENTUM HLDGS INC	$68,549,000	–	863,115	–	2.04%	–
CRM	New	SALESFORCE INC	$61,591,000	–	373,191	–	1.83%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$59,775,000	–	423,363	–	1.78%	–
WDAY	New	WORKDAY INCcl a	$56,284,000	–	403,235	–	1.67%	–
DDOG	New	DATADOG INC	$55,874,000	–	586,661	–	1.66%	–
IIVI	New	II-VI INC	$52,981,000	–	1,039,853	–	1.57%	–
	New	PAGAYA TECHNOLOGIES LTD	$48,660,000	–	11,641,149	–	1.44%	–
ZS	New	ZSCALER INC	$47,685,000	–	318,942	–	1.42%	–
AVGO	New	BROADCOM INC	$47,061,000	–	96,872	–	1.40%	–
GOOGL	New	ALPHABET INCcap stk cl a	$40,497,000	–	18,583	–	1.20%	–
BZ	New	KANZHUN LIMITEDsponsored ads	$39,271,000	–	1,494,338	–	1.17%	–
MRVL	New	MARVELL TECHNOLOGY INC	$35,628,000	–	818,473	–	1.06%	–
FIVN	New	FIVE9 INC	$30,496,000	–	334,602	–	0.91%	–
PCOR	New	PROCORE TECHNOLOGIES INC	$26,890,000	–	592,421	–	0.80%	–
ESTC	New	ELASTIC N V	$18,671,000	–	275,912	–	0.55%	–
	New	TOAST INCcl a	$18,406,000	–	1,422,403	–	0.55%	–
	New	HASHICORP INC	$16,966,000	–	576,298	–	0.50%	–
	New	AMPLITUDE INC	$8,639,000	–	604,558	–	0.26%	–

Q4 2021

			Value		Shares		↓ Weighting
	Exit	FRESHWORKS INC	$0	–	-41,435	–	-0.01%	–
	Exit	TOAST INCcl a	$0	–	-103,585	–	-0.03%	–
XMTR	Exit	XOMETRY INC	$0	–	-134,974	–	-0.05%	–
	Exit	DEFINITIVE HEALTHCARE CORP	$0	–	-200,000	–	-0.06%	–
	Exit	REMITLY GLOBAL INC	$0	–	-250,000	–	-0.06%	–
CPARU	Exit	CATALYST PARTNRS ACQUISITN Cunit 99/99/9999	$0	–	-999,778	–	-0.06%	–
	Exit	MELI KASZEK PIONEER CORPclass a ord	$0	–	-1,000,000	–	-0.07%	–
	Exit	ENGAGESMART INC	$0	–	-400,000	–	-0.09%	–
	Exit	CLEARWATER ANALYTICS HLDGS Icl a	$0	–	-650,000	–	-0.11%	–
	Exit	CS DISCO INC	$0	–	-356,353	–	-0.11%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-50,415	–	-0.12%	–
PCOR	Exit	PROCORE TECHNOLOGIES INC	$0	–	-249,944	–	-0.15%	–
	Exit	INSTRUCTURE HLDGS INC	$0	–	-999,937	–	-0.15%	–
CPNG	Exit	COUPANG INCcl a	$0	–	-958,509	–	-0.18%	–
KNBE	Exit	KNOWBE4 INCcl a	$0	–	-1,249,880	–	-0.18%	–
	Exit	VTEX	$0	–	-1,497,398	–	-0.20%	–
	Exit	LUCID GROUP INC	$0	–	-1,472,150	–	-0.24%	–
OLO	Exit	OLO INCcl a	$0	–	-1,354,412	–	-0.27%	–
TASK	Exit	TASKUS INC	$0	–	-741,479	–	-0.32%	–
CFLT	Exit	CONFLUENT INC	$0	–	-834,992	–	-0.33%	–
PINS	Exit	PINTEREST INCcl a	$0	–	-991,026	–	-0.33%	–
BZ	Exit	KANZHUN LIMITEDsponsored ads	$0	–	-1,856,029	–	-0.44%	–
BEKE	Exit	KE HLDGS INCsponsored ads	$0	–	-3,780,797	–	-0.45%	–
	Exit	CCC INTELLIGENT SOLUTIONS HL	$0	–	-6,737,374	–	-0.46%	–
PATH	Exit	UIPATH INCcl a	$0	–	-1,531,031	–	-0.53%	–
GLBE	Exit	GLOBAL E ONLINE LTD	$0	–	-1,215,874	–	-0.57%	–
	Exit	DUOLINGO INC	$0	–	-584,415	–	-0.64%	–
DCT	Exit	DUCK CREEK TECHNOLOGIES INC	$0	–	-2,247,629	–	-0.65%	–
	Exit	THOUGHTWORKS HOLDING INC	$0	–	-3,726,395	–	-0.70%	–
COUP	Exit	COUPA SOFTWARE INC	$0	–	-499,838	–	-0.72%	–
ZM	Exit	ZOOM VIDEO COMMUNICATIONS INcl a	$0	–	-482,826	–	-0.83%	–
FLYW	Exit	FLYWIRE CORPORATION	$0	–	-3,030,005	–	-0.87%	–
	Exit	ENOVIX CORPORATION	$0	–	-7,174,862	–	-0.89%	–
VICR	Exit	VICOR CORP	$0	–	-1,043,932	–	-0.92%	–
PENN	Exit	PENN NATL GAMING INC	$0	–	-2,044,435	–	-0.97%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-1,394,066	–	-1.02%	–
TWLO	Exit	TWILIO INCcl a	$0	–	-496,441	–	-1.04%	–
RBLX	Exit	ROBLOX CORPcl a	$0	–	-2,129,849	–	-1.06%	–
PTON	Exit	PELOTON INTERACTIVE INC	$0	–	-2,114,395	–	-1.21%	–
ZEN	Exit	ZENDESK INC	$0	–	-1,645,863	–	-1.26%	–
	Exit	ROBINHOOD MKTS INC	$0	–	-4,651,998	–	-1.28%	–
MNDY	Exit	MONDAY COM LTD	$0	–	-600,961	–	-1.29%	–
OKTA	Exit	OKTA INCcl a	$0	–	-932,071	–	-1.45%	–
DOCN	Exit	DIGITALOCEAN HLDGS INC	$0	–	-2,896,393	–	-1.48%	–
SQ	Exit	SQUARE INCcl a	$0	–	-957,856	–	-1.51%	–
ESTC	Exit	ELASTIC N V	$0	–	-1,576,948	–	-1.54%	–
SNOW	Exit	SNOWFLAKE INCcl a	$0	–	-787,435	–	-1.56%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-1,893,793	–	-1.60%	–
SE	Exit	SEA LTDsponsord ads	$0	–	-766,767	–	-1.60%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-152,057	–	-1.68%	–
UPST	Exit	UPSTART HLDGS INC	$0	–	-829,995	–	-1.72%	–
CVNA	Exit	CARVANA COcl a	$0	–	-874,728	–	-1.73%	–
ROKU	Exit	ROKU INC	$0	–	-952,199	–	-1.96%	–
DOCS	Exit	DOXIMITY INCcl a	$0	–	-3,932,570	–	-2.08%	–
FIVN	Exit	FIVE9 INC	$0	–	-2,302,006	–	-2.41%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-1,785,693	–	-2.43%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,425,168	–	-2.64%	–
W	Exit	WAYFAIR INCcl a	$0	–	-1,591,646	–	-2.67%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-1,593,765	–	-3.55%	–
DDOG	Exit	DATADOG INC	$0	–	-3,883,470	–	-3.60%	–
HUBS	Exit	HUBSPOT INC	$0	–	-812,268	–	-3.60%	–
DASH	Exit	DOORDASH INCcl a	$0	–	-2,748,217	–	-3.72%	–
MDB	Exit	MONGODB INCcl a	$0	–	-1,265,138	–	-3.92%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-483,949	–	-4.31%	–
CRWD	Exit	CROWDSTRIKE HLDGS INCcl a	$0	–	-2,940,334	–	-4.74%	–
AMZN	Exit	AMAZON COM INC	$0	–	-225,685	–	-4.87%	–
TSLA	Exit	TESLA INC	$0	–	-1,003,112	–	-5.11%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-308,169	–	-5.41%	–
BILL	Exit	BILL COM HLDGS INC	$0	–	-3,524,359	–	-6.18%	–

Q3 2021

			Value		Shares		↓ Weighting
BILL	Sell	BILL COM HLDGS INC	$940,828,000	+41.2%	3,524,359	-3.1%	6.18%	+42.0%
GOOGL	Buy	ALPHABET INCcap stk cl a	$823,896,000	+26.0%	308,169	+15.1%	5.41%	+26.7%
TSLA	Buy	TESLA INC	$777,893,000	+31.1%	1,003,112	+14.9%	5.11%	+31.8%
AMZN	Sell	AMAZON COM INC	$741,384,000	-11.4%	225,685	-7.2%	4.87%	-10.9%
CRWD	Sell	CROWDSTRIKE HLDGS INCcl a	$722,675,000	-2.5%	2,940,334	-0.3%	4.74%	-1.9%
SHOP	Sell	SHOPIFY INCcl a	$656,128,000	-17.3%	483,949	-10.9%	4.31%	-16.9%
DASH	Sell	DOORDASH INCcl a	$566,078,000	+15.2%	2,748,217	-0.3%	3.72%	+15.9%
HUBS	Buy	HUBSPOT INC	$549,166,000	+53.7%	812,268	+32.5%	3.60%	+54.5%
FB	Buy	FACEBOOK INCcl a	$540,908,000	+6.6%	1,593,765	+9.2%	3.55%	+7.2%
W	Sell	WAYFAIR INCcl a	$406,681,000	-29.4%	1,591,646	-12.7%	2.67%	-29.0%
MSFT	Sell	MICROSOFT CORP	$401,783,000	+3.8%	1,425,168	-0.3%	2.64%	+4.4%
NVDA	Buy	NVIDIA CORPORATION	$369,924,000	+54.7%	1,785,693	+497.3%	2.43%	+55.5%
FIVN	Sell	FIVE9 INC	$367,722,000	-29.7%	2,302,006	-19.3%	2.41%	-29.3%
DOCS	Buy	DOXIMITY INCcl a	$317,358,000	+146.7%	3,932,570	+77.9%	2.08%	+148.0%
ROKU	Sell	ROKU INC	$298,372,000	-48.6%	952,199	-24.7%	1.96%	-48.3%
UPST	New	UPSTART HLDGS INC	$262,644,000	–	829,995	–	1.72%	–
MELI	Sell	MERCADOLIBRE INC	$255,365,000	-9.2%	152,057	-15.7%	1.68%	-8.7%
SE	Sell	SEA LTDsponsord ads	$244,392,000	+15.8%	766,767	-0.3%	1.60%	+16.4%
AMAT	Sell	APPLIED MATLS INC	$243,788,000	-9.8%	1,893,793	-0.3%	1.60%	-9.3%
SNOW	Sell	SNOWFLAKE INCcl a	$238,144,000	+25.0%	787,435	-0.1%	1.56%	+25.6%
ESTC	Sell	ELASTIC N V	$234,949,000	-27.2%	1,576,948	-28.8%	1.54%	-26.9%
SQ	Sell	SQUARE INCcl a	$229,732,000	-1.9%	957,856	-0.3%	1.51%	-1.3%
DOCN	New	DIGITALOCEAN HLDGS INC	$224,847,000	–	2,896,393	–	1.48%	–
OKTA	Sell	OKTA INCcl a	$221,218,000	-3.3%	932,071	-0.3%	1.45%	-2.7%
MNDY	Buy	MONDAY COM LTD	$196,033,000	+776.8%	600,961	+501.0%	1.29%	+781.5%
	New	ROBINHOOD MKTS INC	$195,756,000	–	4,651,998	–	1.28%	–
ZEN	Sell	ZENDESK INC	$191,562,000	-34.6%	1,645,863	-18.9%	1.26%	-34.3%
PTON	Sell	PELOTON INTERACTIVE INC	$184,058,000	-52.9%	2,114,395	-32.8%	1.21%	-52.6%
RBLX	Sell	ROBLOX CORPcl a	$160,910,000	-58.8%	2,129,849	-50.9%	1.06%	-58.5%
TWLO	Sell	TWILIO INCcl a	$158,390,000	-44.9%	496,441	-31.9%	1.04%	-44.6%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$155,647,000	-6.1%	1,394,066	+1.1%	1.02%	-5.5%
VICR	Buy	VICOR CORP	$140,054,000	+327.5%	1,043,932	+237.0%	0.92%	+329.4%
	New	ENOVIX CORPORATION	$135,533,000	–	7,174,862	–	0.89%	–
ZM	Sell	ZOOM VIDEO COMMUNICATIONS INcl a	$126,259,000	-75.5%	482,826	-63.8%	0.83%	-75.4%
	New	THOUGHTWORKS HOLDING INC	$106,985,000	–	3,726,395	–	0.70%	–
	New	DUOLINGO INC	$97,223,000	–	584,415	–	0.64%	–
GLBE	Buy	GLOBAL E ONLINE LTD	$87,300,000	+205.9%	1,215,874	+143.2%	0.57%	+208.1%
PATH	Sell	UIPATH INCcl a	$80,548,000	-22.6%	1,531,031	-0.0%	0.53%	-22.1%
	New	CCC INTELLIGENT SOLUTIONS HL	$70,810,000	–	6,737,374	–	0.46%	–
BEKE	Sell	KE HLDGS INCsponsored ads	$69,037,000	-80.4%	3,780,797	-48.7%	0.45%	-80.3%
BZ	Buy	KANZHUN LIMITEDsponsored ads	$66,798,000	-6.1%	1,856,029	+3.4%	0.44%	-5.6%
PINS	Sell	PINTEREST INCcl a	$50,493,000	-35.6%	991,026	-0.3%	0.33%	-35.4%
CFLT	Buy	CONFLUENT INC	$49,807,000	+249.5%	834,992	+178.3%	0.33%	+251.6%
TASK	Buy	TASKUS INC	$49,212,000	+310.6%	741,479	+111.9%	0.32%	+314.1%
OLO	Buy	OLO INCcl a	$40,673,000	+210.8%	1,354,412	+287.0%	0.27%	+214.1%
	New	LUCID GROUP INC	$37,363,000	–	1,472,150	–	0.24%	–
	New	VTEX	$30,801,000	–	1,497,398	–	0.20%	–
KNBE	Sell	KNOWBE4 INCcl a	$27,447,000	-29.8%	1,249,880	-0.0%	0.18%	-29.4%
CPNG	Sell	COUPANG INCcl a	$26,694,000	-33.5%	958,509	-0.1%	0.18%	-33.2%
	New	INSTRUCTURE HLDGS INC	$22,589,000	–	999,937	–	0.15%	–
PCOR	Sell	PROCORE TECHNOLOGIES INC	$22,330,000	-5.9%	249,944	-0.0%	0.15%	-5.2%
QQQ	Sell	INVESCO QQQ TRunit ser 1	$18,047,000	-57.0%	50,415	-57.4%	0.12%	-56.9%
	New	CS DISCO INC	$17,084,000	–	356,353	–	0.11%	–
	New	CLEARWATER ANALYTICS HLDGS Icl a	$16,647,000	–	650,000	–	0.11%	–
	New	ENGAGESMART INC	$13,624,000	–	400,000	–	0.09%	–
	New	MELI KASZEK PIONEER CORPclass a ord	$11,050,000	–	1,000,000	–	0.07%	–
CPARU	Sell	CATALYST PARTNRS ACQUISITN Cunit 99/99/9999	$9,848,000	-1.9%	999,778	-0.0%	0.06%	-1.5%
	New	REMITLY GLOBAL INC	$9,175,000	–	250,000	–	0.06%	–
	New	DEFINITIVE HEALTHCARE CORP	$8,566,000	–	200,000	–	0.06%	–
XMTR	Sell	XOMETRY INC	$7,784,000	-34.0%	134,974	-0.0%	0.05%	-33.8%
	New	TOAST INCcl a	$5,174,000	–	103,585	–	0.03%	–
	New	FRESHWORKS INC	$1,769,000	–	41,435	–	0.01%	–
RSVA	Exit	RODGERS SILICON VALLEY AQ CO	$0	–	-111,800	–	-0.02%	–
DLB	Exit	DOLBY LABORATORIES INC	$0	–	-68,870	–	-0.04%	–
DLO	Exit	DLOCAL LTD	$0	–	-239,999	–	-0.08%	–
MQ	Exit	MARQETA INC	$0	–	-499,996	–	-0.09%	–
DGNR	Exit	DRAGONEER GROWTH OPPORTUN CO	$0	–	-3,326,451	–	-0.22%	–
CRCT	Exit	CRICUT INC	$0	–	-781,470	–	-0.22%	–
YMM	Exit	FULL TRUCK ALLIANCE CO LTDsponsored ads	$0	–	-5,233,418	–	-0.70%	–
CREE	Exit	CREE INC	$0	–	-1,225,247	–	-0.78%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-3,842,643	–	-1.01%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-906,762	–	-1.41%	–
FSLY	Exit	FASTLY INCcl a	$0	–	-4,121,426	–	-1.60%	–

Q2 2021

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$836,798,000	–	243,244	–	5.46%	–
SHOP	New	SHOPIFY INCcl a	$793,508,000	–	543,134	–	5.18%	–
CRWD	New	CROWDSTRIKE HLDGS INCcl a	$740,849,000	–	2,947,947	–	4.84%	–
BILL	New	BILL COM HLDGS INC	$666,313,000	–	3,637,475	–	4.35%	–
GOOGL	New	ALPHABET INCcap stk cl a	$653,740,000	–	267,730	–	4.27%	–
TSLA	New	TESLA INC	$593,511,000	–	873,195	–	3.87%	–
ROKU	New	ROKU INC	$580,380,000	–	1,263,757	–	3.79%	–
W	New	WAYFAIR INCcl a	$575,634,000	–	1,823,299	–	3.76%	–
FIVN	New	FIVE9 INC	$523,191,000	–	2,852,885	–	3.42%	–
ZM	New	ZOOM VIDEO COMMUNICATIONS INcl a	$515,625,000	–	1,332,261	–	3.37%	–
FB	New	FACEBOOK INCcl a	$507,472,000	–	1,459,468	–	3.31%	–
DASH	New	DOORDASH INCcl a	$491,359,000	–	2,755,333	–	3.21%	–
MDB	New	MONGODB INCcl a	$457,373,000	–	1,265,138	–	2.99%	–
DDOG	New	DATADOG INC	$404,192,000	–	3,883,470	–	2.64%	–
PTON	New	PELOTON INTERACTIVE INC	$390,457,000	–	3,148,343	–	2.55%	–
RBLX	New	ROBLOX CORPcl a	$390,228,000	–	4,336,835	–	2.55%	–
MSFT	New	MICROSOFT CORP	$387,077,000	–	1,428,857	–	2.53%	–
HUBS	New	HUBSPOT INC	$357,338,000	–	613,225	–	2.33%	–
BEKE	New	KE HLDGS INCsponsored ads	$351,691,000	–	7,376,071	–	2.30%	–
ESTC	New	ELASTIC N V	$322,883,000	–	2,215,171	–	2.11%	–
ZEN	New	ZENDESK INC	$292,885,000	–	2,029,135	–	1.91%	–
TWLO	New	TWILIO INCcl a	$287,484,000	–	729,359	–	1.88%	–
MELI	New	MERCADOLIBRE INC	$281,123,000	–	180,463	–	1.84%	–
AMAT	New	APPLIED MATLS INC	$270,374,000	–	1,898,693	–	1.76%	–
CVNA	New	CARVANA COcl a	$264,010,000	–	874,728	–	1.72%	–
FSLY	New	FASTLY INCcl a	$245,637,000	–	4,121,426	–	1.60%	–
NVDA	New	NVIDIA CORPORATION	$239,189,000	–	298,949	–	1.56%	–
SQ	New	SQUARE INCcl a	$234,130,000	–	960,336	–	1.53%	–
OKTA	New	OKTA INCcl a	$228,650,000	–	934,484	–	1.49%	–
WDAY	New	WORKDAY INCcl a	$216,480,000	–	906,762	–	1.41%	–
SE	New	SEA LTDsponsord ads	$211,099,000	–	768,752	–	1.38%	–
SNOW	New	SNOWFLAKE INCcl a	$190,547,000	–	788,034	–	1.24%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$165,762,000	–	1,379,510	–	1.08%	–
PENN	New	PENN NATL GAMING INC	$156,379,000	–	2,044,435	–	1.02%	–
TRIP	New	TRIPADVISOR INC	$154,859,000	–	3,842,643	–	1.01%	–
COUP	New	COUPA SOFTWARE INC	$131,013,000	–	499,838	–	0.86%	–
DOCS	New	DOXIMITY INCcl a	$128,637,000	–	2,210,255	–	0.84%	–
CREE	New	CREE INC	$119,988,000	–	1,225,247	–	0.78%	–
FLYW	New	FLYWIRE CORPORATION	$111,322,000	–	3,030,005	–	0.73%	–
YMM	New	FULL TRUCK ALLIANCE CO LTDsponsored ads	$106,657,000	–	5,233,418	–	0.70%	–
PATH	New	UIPATH INCcl a	$104,035,000	–	1,531,502	–	0.68%	–
DCT	New	DUCK CREEK TECHNOLOGIES INC	$97,794,000	–	2,247,629	–	0.64%	–
PINS	New	PINTEREST INCcl a	$78,444,000	–	993,592	–	0.51%	–
BZ	New	KANZHUN LIMITEDsponsored ads	$71,156,000	–	1,794,600	–	0.46%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$41,962,000	–	118,393	–	0.27%	–
CPNG	New	COUPANG INCcl a	$40,125,000	–	959,475	–	0.26%	–
KNBE	New	KNOWBE4 INCcl a	$39,088,000	–	1,250,000	–	0.26%	–
CRCT	New	CRICUT INC	$33,291,000	–	781,470	–	0.22%	–
DGNR	New	DRAGONEER GROWTH OPPORTUN CO	$33,131,000	–	3,326,451	–	0.22%	–
VICR	New	VICOR CORP	$32,760,000	–	309,815	–	0.21%	–
GLBE	New	GLOBAL E ONLINE LTD	$28,539,000	–	499,989	–	0.19%	–
PCOR	New	PROCORE TECHNOLOGIES INC	$23,737,000	–	249,994	–	0.16%	–
MNDY	New	MONDAY COM LTD	$22,359,000	–	100,000	–	0.15%	–
CFLT	New	CONFLUENT INC	$14,250,000	–	300,000	–	0.09%	–
MQ	New	MARQETA INC	$14,035,000	–	499,996	–	0.09%	–
OLO	New	OLO INCcl a	$13,087,000	–	350,000	–	0.08%	–
DLO	New	DLOCAL LTD	$12,607,000	–	239,999	–	0.08%	–
TASK	New	TASKUS INC	$11,984,000	–	350,000	–	0.08%	–
XMTR	New	XOMETRY INC	$11,798,000	–	135,000	–	0.08%	–
CPARU	New	CATALYST PARTNRS ACQUISITN Cunit 99/99/9999	$10,040,000	–	999,979	–	0.07%	–
DLB	New	DOLBY LABORATORIES INC	$6,769,000	–	68,870	–	0.04%	–
RSVA	New	RODGERS SILICON VALLEY AQ CO	$2,568,000	–	111,800	–	0.02%	–

Q4 2020

			Value		Shares		↓ Weighting
FROG	Exit	JFROG LTD	$0	–	-15,000	–	-0.01%	–
SUMO	Exit	SUMO LOGIC INC	$0	–	-165,000	–	-0.02%	–
U	Exit	UNITY SOFTWARE INC	$0	–	-150,000	–	-0.09%	–
VRM	Exit	VROOM INC	$0	–	-302,000	–	-0.10%	–
CVNA	Exit	CARVANA COcl a	$0	–	-278,213	–	-0.41%	–
SNOW	Exit	SNOWFLAKE INCcl a	$0	–	-300,000	–	-0.50%	–
DCT	Exit	DUCK CREEK TECHNOLOGIES INC	$0	–	-2,247,629	–	-0.68%	–
NOW	Exit	SERVICENOW INC	$0	–	-283,636	–	-0.91%	–
CRUS	Exit	CIRRUS LOGIC INC	$0	–	-2,099,026	–	-0.94%	–
BEKE	Exit	KE HLDGS INCsponsored ads	$0	–	-2,614,205	–	-1.06%	–
CDAY	Exit	CERIDIAN HCM HLDG INC	$0	–	-2,204,465	–	-1.21%	–
ZM	Exit	ZOOM VIDEO COMMUNICATIONS INput	$0	–	-390,000	–	-1.21%	–
AYX	Exit	ALTERYX INC	$0	–	-1,720,191	–	-1.29%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-2,451,291	–	-1.32%	–
AMD	Exit	ADVANCED MICRO DEVICES INC	$0	–	-2,457,233	–	-1.33%	–
STNE	Exit	STONECO LTD	$0	–	-3,984,916	–	-1.40%	–
CREE	Exit	CREE INC	$0	–	-3,367,303	–	-1.42%	–
MPWR	Exit	MONOLITHIC PWR SYS INC	$0	–	-821,251	–	-1.52%	–
TWLO	Exit	TWILIO INCcl a	$0	–	-931,340	–	-1.52%	–
FTNT	Exit	FORTINET INC	$0	–	-1,954,144	–	-1.52%	–
ZEN	Exit	ZENDESK INC	$0	–	-2,484,568	–	-1.69%	–
AVLR	Exit	AVALARA INC	$0	–	-2,071,967	–	-1.75%	–
PINS	Exit	PINTEREST INCcl a	$0	–	-6,387,671	–	-1.76%	–
TSLA	Exit	TESLA INCput	$0	–	-630,600	–	-1.79%	–
MDB	Exit	MONGODB INCcl a	$0	–	-1,181,017	–	-1.81%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-582,049	–	-2.08%	–
NXPI	Exit	NXP SEMICONDUCTORS N V	$0	–	-2,692,879	–	-2.22%	–
SE	Exit	SEA LTDsponsord ads	$0	–	-2,282,702	–	-2.33%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-327,964	–	-2.35%	–
FIVN	Exit	FIVE9 INC	$0	–	-2,773,856	–	-2.38%	–
BILL	Exit	BILL COM HLDGS INC	$0	–	-3,646,821	–	-2.42%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,744,481	–	-2.43%	–
OKTA	Exit	OKTA INCcl a	$0	–	-1,867,286	–	-2.64%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-1,530,880	–	-2.65%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-1,391,353	–	-2.71%	–
COUP	Exit	COUPA SOFTWARE INC	$0	–	-1,526,408	–	-2.77%	–
PENN	Exit	PENN NATL GAMING INC	$0	–	-5,800,661	–	-2.79%	–
W	Exit	WAYFAIR INCcl a	$0	–	-1,500,330	–	-2.89%	–
SQ	Exit	SQUARE INCcl a	$0	–	-2,727,381	–	-2.93%	–
DDOG	Exit	DATADOG INC	$0	–	-4,341,044	–	-2.94%	–
CRWD	Exit	CROWDSTRIKE HLDGS INCcl a	$0	–	-3,377,169	–	-3.07%	–
PTON	Exit	PELOTON INTERACTIVE INC	$0	–	-4,806,269	–	-3.16%	–
FSLY	Exit	FASTLY INCcl a	$0	–	-5,192,617	–	-3.22%	–
JD	Exit	JD.COM INCspon adr cl a	$0	–	-6,741,796	–	-3.46%	–
ZM	Exit	ZOOM VIDEO COMMUNICATIONS INcl a	$0	–	-1,497,230	–	-4.66%	–
TSLA	Exit	TESLA INC	$0	–	-1,704,577	–	-4.84%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-747,767	–	-5.06%	–
AMZN	Exit	AMAZON COM INC	$0	–	-323,248	–	-6.74%	–

Q3 2020

			Value		Shares		↓ Weighting
AMZN	Buy	AMAZON COM INC	$1,017,821,000	+25.0%	323,248	+9.5%	6.74%	+3.7%
SHOP	Sell	SHOPIFY INCcl a	$764,943,000	+2.0%	747,767	-5.4%	5.06%	-15.4%
TSLA	Buy	TESLA INC	$731,281,000	+10.4%	1,704,577	+177.9%	4.84%	-8.4%
ZM	Sell	ZOOM VIDEO COMMUNICATIONS INcl a	$703,863,000	+39.7%	1,497,230	-24.6%	4.66%	+16.0%
JD	Buy	JD.COM INCspon adr cl a	$523,231,000	+66.6%	6,741,796	+29.2%	3.46%	+38.2%
FSLY	Sell	FASTLY INCcl a	$486,444,000	-12.1%	5,192,617	-20.1%	3.22%	-27.0%
PTON	Buy	PELOTON INTERACTIVE INC	$476,974,000	+384.9%	4,806,269	+182.3%	3.16%	+302.2%
CRWD	Buy	CROWDSTRIKE HLDGS INCcl a	$463,753,000	+59.0%	3,377,169	+16.2%	3.07%	+31.9%
DDOG	Sell	DATADOG INC	$443,481,000	-5.9%	4,341,044	-19.9%	2.94%	-21.9%
SQ	Sell	SQUARE INCcl a	$443,336,000	+22.3%	2,727,381	-21.0%	2.93%	+1.5%
W	Buy	WAYFAIR INCcl a	$436,611,000	+63.2%	1,500,330	+10.8%	2.89%	+35.4%
PENN	New	PENN NATL GAMING INC	$421,708,000	–	5,800,661	–	2.79%	–
COUP	Sell	COUPA SOFTWARE INC	$418,602,000	-7.6%	1,526,408	-6.7%	2.77%	-23.3%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$409,030,000	–	1,391,353	–	2.71%	–
FB	Buy	FACEBOOK INCcl a	$400,937,000	+24.1%	1,530,880	+7.6%	2.65%	+3.0%
OKTA	Sell	OKTA INCcl a	$399,319,000	-2.1%	1,867,286	-8.4%	2.64%	-18.8%
MSFT	Sell	MICROSOFT CORP	$366,917,000	-22.8%	1,744,481	-25.3%	2.43%	-35.9%
BILL	Buy	BILL COM HLDGS INC	$365,813,000	+62.9%	3,646,821	+46.5%	2.42%	+35.2%
FIVN	Buy	FIVE9 INC	$359,714,000	+52.6%	2,773,856	+30.3%	2.38%	+26.7%
MELI	Buy	MERCADOLIBRE INC	$355,014,000	+78.9%	327,964	+62.9%	2.35%	+48.5%
SE	Buy	SEA LTDsponsord ads	$351,627,000	+79.0%	2,282,702	+24.6%	2.33%	+48.5%
NXPI	Buy	NXP SEMICONDUCTORS N V	$336,098,000	+13.5%	2,692,879	+3.7%	2.22%	-5.8%
NVDA	Buy	NVIDIA CORPORATION	$315,017,000	+47.7%	582,049	+3.7%	2.08%	+22.6%
TSLA	New	TESLA INCput	$270,534,000	–	630,600	–	1.79%	–
PINS	New	PINTEREST INCcl a	$265,152,000	–	6,387,671	–	1.76%	–
AVLR	Buy	AVALARA INC	$263,844,000	-4.2%	2,071,967	+0.2%	1.75%	-20.5%
ZEN	Sell	ZENDESK INC	$255,712,000	-2.7%	2,484,568	-16.3%	1.69%	-19.2%
FTNT	Sell	FORTINET INC	$230,218,000	-33.7%	1,954,144	-22.8%	1.52%	-45.0%
TWLO	Sell	TWILIO INCcl a	$230,125,000	+12.6%	931,340	-0.0%	1.52%	-6.6%
MPWR	Buy	MONOLITHIC PWR SYS INC	$229,630,000	+22.3%	821,251	+3.7%	1.52%	+1.5%
CREE	Buy	CREE INC	$214,632,000	+11.7%	3,367,303	+3.7%	1.42%	-7.3%
STNE	Buy	STONECO LTD	$210,762,000	+41.5%	3,984,916	+3.7%	1.40%	+17.4%
AMD	New	ADVANCED MICRO DEVICES INC	$201,469,000	–	2,457,233	–	1.33%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$198,726,000	–	2,451,291	–	1.32%	–
AYX	Buy	ALTERYX INC	$195,328,000	-10.4%	1,720,191	+29.6%	1.29%	-25.6%
ZM	New	ZOOM VIDEO COMMUNICATIONS INput	$183,343,000	–	390,000	–	1.21%	–
CDAY	Sell	CERIDIAN HCM HLDG INC	$182,199,000	-18.2%	2,204,465	-21.6%	1.21%	-32.1%
BEKE	New	KE HLDGS INCsponsored ads	$160,251,000	–	2,614,205	–	1.06%	–
CRUS	New	CIRRUS LOGIC INC	$141,579,000	–	2,099,026	–	0.94%	–
DCT	New	DUCK CREEK TECHNOLOGIES INC	$102,110,000	–	2,247,629	–	0.68%	–
SNOW	New	SNOWFLAKE INCcl a	$75,300,000	–	300,000	–	0.50%	–
CVNA	Sell	CARVANA COcl a	$62,058,000	-74.2%	278,213	-86.1%	0.41%	-78.6%
U	New	UNITY SOFTWARE INC	$13,092,000	–	150,000	–	0.09%	–
SUMO	New	SUMO LOGIC INC	$3,597,000	–	165,000	–	0.02%	–
FROG	New	JFROG LTD	$1,270,000	–	15,000	–	0.01%	–
DOCU	Exit	DOCUSIGN INCput	$0	–	-10,100	–	-0.01%	–
ZI	Exit	ZOOMINFO TECHNOLOGIES INC	$0	–	-302,990	–	-0.12%	–
RNG	Exit	RINGCENTRAL INCcl a	$0	–	-342,036	–	-0.78%	–
NET	Exit	CLOUDFLARE INC	$0	–	-3,456,057	–	-0.99%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-550,421	–	-1.42%	–
AAPL	Exit	APPLE INC	$0	–	-599,858	–	-1.74%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-188,045	–	-2.13%	–
SMAR	Exit	SMARTSHEET INC	$0	–	-5,589,435	–	-2.27%	–
DOCU	Exit	DOCUSIGN INC	$0	–	-3,144,914	–	-4.32%	–

Q2 2020

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$814,075,000	–	295,081	–	6.49%	–
SHOP	New	SHOPIFY INCcl a	$750,072,000	–	790,215	–	5.98%	–
TSLA	New	TESLA INC	$662,247,000	–	613,300	–	5.28%	–
FSLY	New	FASTLY INCcl a	$553,105,000	–	6,497,182	–	4.41%	–
DOCU	New	DOCUSIGN INC	$541,586,000	–	3,144,914	–	4.32%	–
ZM	New	ZOOM VIDEO COMMUNICATIONS INcl a	$503,755,000	–	1,986,887	–	4.02%	–
MSFT	New	MICROSOFT CORP	$475,062,000	–	2,334,341	–	3.79%	–
DDOG	New	DATADOG INC	$471,090,000	–	5,417,939	–	3.76%	–
COUP	New	COUPA SOFTWARE INC	$453,193,000	–	1,635,838	–	3.61%	–
OKTA	New	OKTA INCcl a	$408,015,000	–	2,037,730	–	3.25%	–
SQ	New	SQUARE INCcl a	$362,439,000	–	3,453,772	–	2.89%	–
FTNT	New	FORTINET INC	$347,376,000	–	2,530,603	–	2.77%	–
FB	New	FACEBOOK INCcl a	$322,999,000	–	1,422,465	–	2.58%	–
JD	New	JD.COM INCspon adr cl a	$314,132,000	–	5,219,871	–	2.50%	–
NXPI	New	NXP SEMICONDUCTORS N V	$296,143,000	–	2,596,834	–	2.36%	–
CRWD	New	CROWDSTRIKE HLDGS INCcl a	$291,588,000	–	2,907,446	–	2.33%	–
SMAR	New	SMARTSHEET INC	$284,614,000	–	5,589,435	–	2.27%	–
AVLR	New	AVALARA INC	$275,270,000	–	2,068,302	–	2.20%	–
W	New	WAYFAIR INCcl a	$267,567,000	–	1,354,016	–	2.13%	–
MDB	New	MONGODB INCcl a	$267,311,000	–	1,181,017	–	2.13%	–
GOOGL	New	ALPHABET INCcap stk cl a	$266,657,000	–	188,045	–	2.13%	–
ZEN	New	ZENDESK INC	$262,703,000	–	2,967,388	–	2.10%	–
CVNA	New	CARVANA COcl a	$240,549,000	–	2,001,242	–	1.92%	–
FIVN	New	FIVE9 INC	$235,663,000	–	2,129,424	–	1.88%	–
BILL	New	BILL COM HLDGS INC	$224,514,000	–	2,488,792	–	1.79%	–
CDAY	New	CERIDIAN HCM HLDG INC	$222,763,000	–	2,810,175	–	1.78%	–
AAPL	New	APPLE INC	$218,828,000	–	599,858	–	1.74%	–
AYX	New	ALTERYX INC	$218,049,000	–	1,327,300	–	1.74%	–
NVDA	New	NVIDIA CORPORATION	$213,240,000	–	561,291	–	1.70%	–
TWLO	New	TWILIO INCcl a	$204,358,000	–	931,356	–	1.63%	–
MELI	New	MERCADOLIBRE INC	$198,424,000	–	201,288	–	1.58%	–
SE	New	SEA LTDsponsored ads	$196,429,000	–	1,831,678	–	1.57%	–
CREE	New	CREE INC	$192,202,000	–	3,247,208	–	1.53%	–
MPWR	New	MONOLITHIC PWR SYS INC	$187,695,000	–	791,961	–	1.50%	–
LRCX	New	LAM RESEARCH CORP	$178,039,000	–	550,421	–	1.42%	–
STNE	New	STONECO LTD	$148,947,000	–	3,842,800	–	1.19%	–
NET	New	CLOUDFLARE INC	$124,245,000	–	3,456,057	–	0.99%	–
NOW	New	SERVICENOW INC	$114,890,000	–	283,636	–	0.92%	–
PTON	New	PELOTON INTERACTIVE INC	$98,373,000	–	1,702,836	–	0.78%	–
RNG	New	RINGCENTRAL INCcl a	$97,484,000	–	342,036	–	0.78%	–
VRM	New	VROOM INC	$15,746,000	–	302,000	–	0.13%	–
ZI	New	ZOOMINFO TECHNOLOGIES INC	$15,462,000	–	302,990	–	0.12%	–
DOCU	New	DOCUSIGN INCput	$1,739,000	–	10,100	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
RVLV	Exit	REVOLVE GROUP INCcl a	$0	–	-574,950	–	-0.25%	–
PTON	Exit	PELOTON INTERACTIVE INC	$0	–	-600,000	–	-0.28%	–
DDOG	Exit	DATADOG INC	$0	–	-747,021	–	-0.47%	–
PAGS	Exit	PAGSEGURO DIGITAL LTD	$0	–	-753,162	–	-0.64%	–
TTD	Exit	THE TRADE DESK INC	$0	–	-193,373	–	-0.67%	–
KLIC	Exit	KULICKE & SOFFA INDS INC	$0	–	-1,602,505	–	-0.70%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-361,792	–	-0.93%	–
CRWD	Exit	CROWDSTRIKE HLDGS INCcl a	$0	–	-922,401	–	-0.99%	–
FIVN	Exit	FIVE9 INC	$0	–	-1,053,062	–	-1.04%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-348,664	–	-1.08%	–
MPWR	Exit	MONOLITHIC PWR SYS INC	$0	–	-399,320	–	-1.15%	–
ESTC	Exit	ELASTIC N V	$0	–	-1,064,367	–	-1.62%	–
ZM	Exit	ZOOM VIDEO COMMUNICATIONS INcl a	$0	–	-1,324,845	–	-1.86%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-186,728	–	-1.90%	–
SE	Exit	SEA LTDsponsored ads	$0	–	-3,478,450	–	-1.99%	–
SNAP	Exit	SNAP INCcl a	$0	–	-7,127,285	–	-2.08%	–
STNE	Exit	STONECO LTD	$0	–	-3,358,733	–	-2.16%	–
ROKU	Exit	ROKU INC	$0	–	-1,209,514	–	-2.27%	–
MRVL	Exit	MARVELL TECHNOLOGY GROUP LTDord	$0	–	-5,069,348	–	-2.34%	–
MTCH	Exit	MATCH GROUP INC	$0	–	-1,826,631	–	-2.41%	–
MIME	Exit	MIMECAST LTD	$0	–	-3,794,105	–	-2.50%	–
MDB	Exit	MONGODB INCcl a	$0	–	-1,181,956	–	-2.63%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-843,390	–	-2.65%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-121,203	–	-2.73%	–
CVNA	Exit	CARVANA COcl a	$0	–	-2,464,055	–	-3.00%	–
CDAY	Exit	CERIDIAN HCM HLDG INC	$0	–	-3,364,710	–	-3.07%	–
PLAN	Exit	ANAPLAN INC	$0	–	-3,844,093	–	-3.34%	–
NOW	Exit	SERVICENOW INC	$0	–	-713,818	–	-3.35%	–
OKTA	Exit	OKTA INCcl a	$0	–	-1,869,126	–	-3.40%	–
TWLO	Exit	TWILIO INCcl a	$0	–	-1,692,764	–	-3.44%	–
ZEN	Exit	ZENDESK INC	$0	–	-2,693,123	–	-3.62%	–
AVLR	Exit	AVALARA INC	$0	–	-2,931,356	–	-3.64%	–
SMAR	Exit	SMARTSHEET INC	$0	–	-5,594,225	–	-3.72%	–
W	Exit	WAYFAIR INCcl a	$0	–	-1,958,911	–	-4.06%	–
AYX	Exit	ALTERYX INC	$0	–	-2,129,622	–	-4.22%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-1,322,474	–	-4.35%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-777,289	–	-4.47%	–
AMZN	Exit	AMAZON COM INC	$0	–	-232,995	–	-7.47%	–
COUP	Exit	COUPA SOFTWARE INC	$0	–	-3,139,405	–	-7.51%	–

Q3 2019

			Value		Shares		↓ Weighting
COUP	Sell	COUPA SOFTWARE INC	$406,773,000	+2.3%	3,139,405	-0.1%	7.51%	+10.3%
AMZN	Buy	AMAZON COM INC	$404,458,000	+2.3%	232,995	+11.6%	7.47%	+10.4%
SHOP	Sell	SHOPIFY INCcl a	$242,250,000	+3.7%	777,289	-0.1%	4.47%	+11.9%
FB	Sell	FACEBOOK INCcl a	$235,506,000	-7.8%	1,322,474	-0.1%	4.35%	-0.5%
AYX	Buy	ALTERYX INC	$228,785,000	+0.6%	2,129,622	+2.2%	4.22%	+8.6%
W	Buy	WAYFAIR INCcl a	$219,633,000	+7.1%	1,958,911	+39.5%	4.06%	+15.5%
SMAR	Buy	SMARTSHEET INC	$201,560,000	-17.2%	5,594,225	+11.2%	3.72%	-10.7%
AVLR	Buy	AVALARA INC	$197,251,000	-2.8%	2,931,356	+4.3%	3.64%	+4.8%
ZEN	Buy	ZENDESK INC	$196,275,000	-5.9%	2,693,123	+14.9%	3.62%	+1.5%
TWLO	Sell	TWILIO INCcl a	$186,136,000	-19.4%	1,692,764	-0.1%	3.44%	-13.1%
OKTA	Sell	OKTA INCcl a	$184,034,000	-20.3%	1,869,126	-0.1%	3.40%	-14.1%
NOW	Sell	SERVICENOW INC	$181,203,000	-7.6%	713,818	-0.1%	3.35%	-0.4%
PLAN	New	ANAPLAN INC	$180,672,000	–	3,844,093	–	3.34%	–
CDAY	Sell	CERIDIAN HCM HLDG INC	$166,116,000	-1.8%	3,364,710	-0.1%	3.07%	+6.0%
CVNA	Buy	CARVANA COcl a	$162,628,000	+47.7%	2,464,055	+40.1%	3.00%	+59.4%
GOOGL	Sell	ALPHABET INCcap stk cl a	$148,006,000	+12.8%	121,203	-0.0%	2.73%	+21.6%
WDAY	Buy	WORKDAY INCcl a	$143,343,000	+21.7%	843,390	+47.2%	2.65%	+31.3%
MDB	Sell	MONGODB INCcl a	$142,402,000	-21.7%	1,181,956	-1.1%	2.63%	-15.5%
MIME	Sell	MIMECAST LTD	$135,336,000	-23.7%	3,794,105	-0.1%	2.50%	-17.7%
MTCH	New	MATCH GROUP INC	$130,495,000	–	1,826,631	–	2.41%	–
MRVL	Sell	MARVELL TECHNOLOGY GROUP LTDord	$126,582,000	-38.2%	5,069,348	-40.9%	2.34%	-33.4%
ROKU	Sell	ROKU INC	$123,080,000	+12.3%	1,209,514	-0.1%	2.27%	+21.1%
STNE	Buy	STONECO LTD	$116,817,000	+44.7%	3,358,733	+23.1%	2.16%	+56.1%
SNAP	Buy	SNAP INCcl a	$112,611,000	+94.2%	7,127,285	+75.8%	2.08%	+109.7%
SE	Buy	SEA LTDsponsored ads	$107,658,000	+48.0%	3,478,450	+58.9%	1.99%	+59.7%
MELI	Sell	MERCADOLIBRE INC	$102,930,000	-10.0%	186,728	-0.1%	1.90%	-2.9%
ZM	Buy	ZOOM VIDEO COMMUNICATIONS INcl a	$100,953,000	-6.7%	1,324,845	+8.7%	1.86%	+0.6%
ESTC	New	ELASTIC N V	$87,640,000	–	1,064,367	–	1.62%	–
MPWR	Sell	MONOLITHIC PWR SYS INC	$62,146,000	+14.5%	399,320	-0.1%	1.15%	+23.6%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$58,307,000	-1.4%	348,664	-0.1%	1.08%	+6.4%
FIVN	New	FIVE9 INC	$56,592,000	–	1,053,062	–	1.04%	–
CRWD	Buy	CROWDSTRIKE HLDGS INCcl a	$53,785,000	+11.4%	922,401	+30.4%	0.99%	+20.1%
MSFT	Sell	MICROSOFT CORP	$50,300,000	-61.5%	361,792	-62.9%	0.93%	-58.5%
KLIC	Sell	KULICKE & SOFFA INDS INC	$37,627,000	+4.0%	1,602,505	-0.1%	0.70%	+12.3%
TTD	Sell	THE TRADE DESK INC	$36,267,000	-17.7%	193,373	-0.1%	0.67%	-11.3%
PAGS	Sell	PAGSEGURO DIGITAL LTD	$34,879,000	+18.7%	753,162	-0.1%	0.64%	+28.0%
DDOG	New	DATADOG INC	$25,331,000	–	747,021	–	0.47%	–
PTON	New	PELOTON INTERACTIVE INC	$15,060,000	–	600,000	–	0.28%	–
RVLV	Buy	REVOLVE GROUP INCcl a	$13,437,000	+72.7%	574,950	+154.9%	0.25%	+86.5%
PD	Exit	PAGERDUTY INC	$0	–	-29,983	–	-0.02%	–
REAL	Exit	THE REALREAL INC	$0	–	-200,000	–	-0.10%	–
FSLY	Exit	FASTLY INCcl a	$0	–	-299,959	–	-0.10%	–
SGMS	Exit	SCIENTIFIC GAMES CORP	$0	–	-1,068,315	–	-0.36%	–
WORK	Exit	SLACK TECHNOLOGIES INC	$0	–	-750,000	–	-0.48%	–
CREE	Exit	CREE INC	$0	–	-911,748	–	-0.88%	–
SQ	Exit	SQUARE INCcl a	$0	–	-716,639	–	-0.89%	–
MAR	Exit	MARRIOTT INTL INC NEWput	$0	–	-700,000	–	-1.68%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-1,171,043	–	-2.26%	–
NFLX	Exit	NETFLIX INC	$0	–	-503,647	–	-3.17%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-1,629,645	–	-3.19%	–

Q2 2019

			Value		Shares		↓ Weighting
COUP	New	COUPA SOFTWARE INC	$397,771,000	–	3,141,702	–	6.81%	–
AMZN	New	AMAZON COM INC	$395,339,000	–	208,773	–	6.77%	–
FB	New	FACEBOOK INCcl a	$255,441,000	–	1,323,530	–	4.37%	–
SMAR	New	SMARTSHEET INC	$243,465,000	–	5,030,271	–	4.17%	–
SHOP	New	SHOPIFY INCcl a	$233,534,000	–	778,056	–	4.00%	–
OKTA	New	OKTA INCcl a	$231,048,000	–	1,870,680	–	3.96%	–
TWLO	New	TWILIO INCcl a	$230,976,000	–	1,693,992	–	3.95%	–
AYX	New	ALTERYX INC	$227,342,000	–	2,083,414	–	3.89%	–
ZEN	New	ZENDESK INC	$208,620,000	–	2,343,257	–	3.57%	–
W	New	WAYFAIR INCcl a	$205,070,000	–	1,404,590	–	3.51%	–
MRVL	New	MARVELL TECHNOLOGY GROUP LTDord	$204,888,000	–	8,583,481	–	3.51%	–
AVLR	New	AVALARA INC	$203,007,000	–	2,811,729	–	3.48%	–
NOW	New	SERVICENOW INC	$196,143,000	–	714,363	–	3.36%	–
PYPL	New	PAYPAL HLDGS INC	$186,529,000	–	1,629,645	–	3.19%	–
NFLX	New	NETFLIX INC	$185,000,000	–	503,647	–	3.17%	–
MDB	New	MONGODB INCcl a	$181,826,000	–	1,195,514	–	3.11%	–
MIME	New	MIMECAST LTD	$177,397,000	–	3,797,844	–	3.04%	–
CDAY	New	CERIDIAN HCM HLDG INC	$169,076,000	–	3,368,051	–	2.89%	–
ADI	New	ANALOG DEVICES INC	$132,176,000	–	1,171,043	–	2.26%	–
GOOGL	New	ALPHABET INCcap stk cl a	$131,260,000	–	121,223	–	2.25%	–
MSFT	New	MICROSOFT CORP	$130,791,000	–	976,342	–	2.24%	–
WDAY	New	WORKDAY INCcl a	$117,790,000	–	572,963	–	2.02%	–
MELI	New	MERCADOLIBRE INC	$114,347,000	–	186,912	–	1.96%	–
CVNA	New	CARVANA COcl a	$110,070,000	–	1,758,582	–	1.88%	–
ROKU	New	ROKU INC	$109,626,000	–	1,210,268	–	1.88%	–
ZM	New	ZOOM VIDEO COMMUNICATIONS INcl a	$108,258,000	–	1,219,254	–	1.85%	–
MAR	New	MARRIOTT INTL INC NEWput	$98,203,000	–	700,000	–	1.68%	–
STNE	New	STONECO LTD	$80,708,000	–	2,728,476	–	1.38%	–
SE	New	SEA LTDsponsored ads	$72,738,000	–	2,189,587	–	1.24%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$59,139,000	–	349,008	–	1.01%	–
SNAP	New	SNAP INCcl a	$57,975,000	–	4,054,209	–	0.99%	–
MPWR	New	MONOLITHIC PWR SYS INC	$54,273,000	–	399,714	–	0.93%	–
SQ	New	SQUARE INCcl a	$51,978,000	–	716,639	–	0.89%	–
CREE	New	CREE INC	$51,222,000	–	911,748	–	0.88%	–
CRWD	New	CROWDSTRIKE HLDGS INCcl a	$48,300,000	–	707,272	–	0.83%	–
TTD	New	THE TRADE DESK INC	$44,089,000	–	193,560	–	0.76%	–
KLIC	New	KULICKE & SOFFA INDS INC	$36,170,000	–	1,603,995	–	0.62%	–
PAGS	New	PAGSEGURO DIGITAL LTD	$29,380,000	–	753,904	–	0.50%	–
WORK	New	SLACK TECHNOLOGIES INC	$28,125,000	–	750,000	–	0.48%	–
SGMS	New	SCIENTIFIC GAMES CORP	$21,174,000	–	1,068,315	–	0.36%	–
RVLV	New	REVOLVE GROUP INCcl a	$7,782,000	–	225,574	–	0.13%	–
FSLY	New	FASTLY INCcl a	$6,083,000	–	299,959	–	0.10%	–
REAL	New	THE REALREAL INC	$5,780,000	–	200,000	–	0.10%	–
PD	New	PAGERDUTY INC	$1,411,000	–	29,983	–	0.02%	–

Q4 2018

			Value		Shares		↓ Weighting
SVMK	Exit	SVMK INC	$0	–	-100,000	–	-0.04%	–
EB	Exit	EVENTBRITE INC	$0	–	-80,000	–	-0.07%	–
KLIC	Exit	KULICKE & SOFFA INDS INC	$0	–	-530,907	–	-0.28%	–
FTCH	Exit	FARFETCH LTDord sh cl a	$0	–	-700,000	–	-0.42%	–
SMAR	Exit	SMARTSHEET INC	$0	–	-639,153	–	-0.44%	–
PTC	Exit	PTC INC	$0	–	-357,638	–	-0.85%	–
MIME	Exit	MIMECAST LTD	$0	–	-915,488	–	-0.86%	–
MPWR	Exit	MONOLITHIC PWR SYS INC	$0	–	-317,073	–	-0.89%	–
SGMS	Exit	SCIENTIFIC GAMES CORP	$0	–	-2,608,959	–	-1.48%	–
CVNA	Exit	CARVANA COcl a	$0	–	-1,142,177	–	-1.50%	–
AYX	Exit	ALTERYX INC	$0	–	-1,486,645	–	-1.90%	–
PS	Exit	PLURALSIGHT INC	$0	–	-3,121,874	–	-2.23%	–
ROKU	Exit	ROKU INC	$0	–	-1,411,788	–	-2.30%	–
SAIL	Exit	SAILPOINT TECHNLGIES HLDGS I	$0	–	-3,043,039	–	-2.31%	–
TLND	Exit	TALEND S Aads	$0	–	-1,526,080	–	-2.37%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-99,081	–	-2.67%	–
NOW	Exit	SERVICENOW INC	$0	–	-618,733	–	-2.70%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-753,029	–	-2.77%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,124,985	–	-2.87%	–
RNG	Exit	RINGCENTRAL INCcl a	$0	–	-1,427,608	–	-2.96%	–
CDAY	Exit	CERIDIAN HCM HLDG INC	$0	–	-3,415,473	–	-3.20%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-912,103	–	-3.23%	–
ZEN	Exit	ZENDESK INC	$0	–	-2,135,275	–	-3.38%	–
MTCH	Exit	MATCH GROUP INC	$0	–	-2,669,921	–	-3.45%	–
OKTA	Exit	OKTA INCcl a	$0	–	-2,266,314	–	-3.56%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-1,149,413	–	-3.74%	–
COUP	Exit	COUPA SOFTWARE INC	$0	–	-2,172,957	–	-3.83%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-1,045,366	–	-3.83%	–
TWLO	Exit	TWILIO INCcl a	$0	–	-2,116,088	–	-4.07%	–
NVDA	Exit	NVIDIA CORP	$0	–	-653,612	–	-4.10%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-1,314,713	–	-4.82%	–
SQ	Exit	SQUARE INCcl a	$0	–	-2,327,328	–	-5.14%	–
NFLX	Exit	NETFLIX INC	$0	–	-678,559	–	-5.66%	–
MDB	Exit	MONGODB INCcl a	$0	–	-3,830,271	–	-6.96%	–
AMZN	Exit	AMAZON COM INC	$0	–	-204,833	–	-9.15%	–

Q3 2018

			Value		Shares		↓ Weighting
AMZN	Buy	AMAZON COM INC	$410,280,000	+36.0%	204,833	+15.4%	9.15%	+6.1%
NFLX	Buy	NETFLIX INC	$253,869,000	-3.5%	678,559	+1.0%	5.66%	-24.8%
SQ	Buy	SQUARE INCcl a	$230,429,000	+63.5%	2,327,328	+1.8%	5.14%	+27.5%
SHOP	Sell	SHOPIFY INCcl a	$216,218,000	+4.0%	1,314,713	-7.8%	4.82%	-18.9%
NVDA	Sell	NVIDIA CORP	$183,678,000	+16.3%	653,612	-1.9%	4.10%	-9.3%
TWLO	Buy	TWILIO INCcl a	$182,576,000	+184.1%	2,116,088	+84.5%	4.07%	+121.4%
FB	Sell	FACEBOOK INCcl a	$171,921,000	-23.8%	1,045,366	-10.0%	3.83%	-40.6%
COUP	Sell	COUPA SOFTWARE INC	$171,881,000	+21.8%	2,172,957	-4.2%	3.83%	-5.1%
WDAY	New	WORKDAY INCcl a	$167,791,000	–	1,149,413	–	3.74%	–
OKTA	New	OKTA INCcl a	$159,458,000	–	2,266,314	–	3.56%	–
MTCH	Buy	MATCH GROUP INC	$154,615,000	+125.2%	2,669,921	+50.6%	3.45%	+75.6%
ZEN	Sell	ZENDESK INC	$151,605,000	+30.2%	2,135,275	-0.1%	3.38%	+1.5%
CRM	New	SALESFORCE COM INC	$145,052,000	–	912,103	–	3.23%	–
CDAY	Buy	CERIDIAN HCM HLDG INC	$143,552,000	+197.0%	3,415,473	+134.5%	3.20%	+131.5%
RNG	Sell	RINGCENTRAL INCcl a	$132,839,000	+32.2%	1,427,608	-0.1%	2.96%	+3.0%
MSFT	Sell	MICROSOFT CORP	$128,665,000	+15.9%	1,124,985	-0.1%	2.87%	-9.6%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$124,069,000	-16.8%	753,029	-6.3%	2.77%	-35.1%
NOW	New	SERVICENOW INC	$121,043,000	–	618,733	–	2.70%	–
GOOGL	Sell	ALPHABET INCcap stk cl a	$119,599,000	+6.8%	99,081	-0.1%	2.67%	-16.7%
TLND	Sell	TALEND S Aads	$106,429,000	-41.8%	1,526,080	-48.0%	2.37%	-54.6%
SAIL	Buy	SAILPOINT TECHNLGIES HLDGS I	$103,524,000	+161.9%	3,043,039	+88.9%	2.31%	+104.2%
ROKU	Buy	ROKU INC	$103,103,000	+222.5%	1,411,788	+88.2%	2.30%	+151.4%
PS	New	PLURALSIGHT INC	$99,900,000	–	3,121,874	–	2.23%	–
AYX	New	ALTERYX INC	$85,051,000	–	1,486,645	–	1.90%	–
CVNA	Buy	CARVANA COcl a	$67,491,000	+92.6%	1,142,177	+35.6%	1.50%	+50.2%
SGMS	Sell	SCIENTIFIC GAMES CORP	$66,268,000	-48.4%	2,608,959	-0.1%	1.48%	-59.7%
MPWR	Sell	MONOLITHIC PWR SYS INC	$39,802,000	-6.1%	317,073	-0.1%	0.89%	-26.9%
MIME	Sell	MIMECAST LTD	$38,341,000	-22.9%	915,488	-24.1%	0.86%	-39.8%
PTC	New	PTC INC	$37,978,000	–	357,638	–	0.85%	–
SMAR	New	SMARTSHEET INC	$19,980,000	–	639,153	–	0.44%	–
FTCH	New	FARFETCH LTDord sh cl a	$19,061,000	–	700,000	–	0.42%	–
KLIC	Sell	KULICKE & SOFFA INDS INC	$12,657,000	-76.0%	530,907	-76.0%	0.28%	-81.3%
EB	New	EVENTBRITE INC	$3,038,000	–	80,000	–	0.07%	–
SVMK	New	SVMK INC	$1,603,000	–	100,000	–	0.04%	–
PFPT	Exit	PROOFPOINT INC	$0	–	-260,864	–	-0.86%	–
SPLK	Exit	SPLUNK INC	$0	–	-319,104	–	-0.90%	–
ELLI	Exit	ELLIE MAE INC	$0	–	-429,237	–	-1.27%	–
INTC	Exit	INTEL CORP	$0	–	-1,067,075	–	-1.52%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-940,341	–	-1.56%	–
HUBS	Exit	HUBSPOT INC	$0	–	-511,345	–	-1.83%	–
AVLR	Exit	AVALARA INC	$0	–	-1,205,562	–	-1.84%	–
Z	Exit	ZILLOW GROUP INCcl c cap stk	$0	–	-1,311,348	–	-2.22%	–
VMW	Exit	VMWARE INC	$0	–	-793,751	–	-3.34%	–

Q2 2018

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$301,582,000	–	177,422	–	8.62%	–
NFLX	New	NETFLIX INC	$263,062,000	–	672,054	–	7.52%	–
FB	New	FACEBOOK INCcl a	$225,619,000	–	1,161,069	–	6.45%	–
SHOP	New	SHOPIFY INCcl a	$207,948,000	–	1,425,377	–	5.95%	–
MDB	New	MONGODB INCcl a	$190,096,000	–	3,830,271	–	5.44%	–
TLND	New	TALEND S Aads	$182,842,000	–	2,935,810	–	5.23%	–
NVDA	New	NVIDIA CORP	$157,890,000	–	666,484	–	4.52%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$149,033,000	–	803,282	–	4.26%	–
COUP	New	COUPA SOFTWARE INC	$141,148,000	–	2,267,803	–	4.04%	–
SQ	New	SQUARE INCcl a	$140,897,000	–	2,285,810	–	4.03%	–
SGMS	New	SCIENTIFIC GAMES CORP	$128,312,000	–	2,610,625	–	3.67%	–
VMW	New	VMWARE INC	$116,658,000	–	793,751	–	3.34%	–
ZEN	New	ZENDESK INC	$116,425,000	–	2,136,638	–	3.33%	–
GOOGL	New	ALPHABET INCcap stk cl a	$111,952,000	–	99,144	–	3.20%	–
MSFT	New	MICROSOFT CORP	$111,006,000	–	1,125,703	–	3.17%	–
RNG	New	RINGCENTRAL INCcl a	$100,496,000	–	1,428,520	–	2.87%	–
Z	New	ZILLOW GROUP INCcl c cap stk	$77,448,000	–	1,311,348	–	2.22%	–
MTCH	New	MATCH GROUP INC	$68,658,000	–	1,772,286	–	1.96%	–
AVLR	New	AVALARA INC	$64,341,000	–	1,205,562	–	1.84%	–
TWLO	New	TWILIO INCcl a	$64,266,000	–	1,147,204	–	1.84%	–
HUBS	New	HUBSPOT INC	$64,123,000	–	511,345	–	1.83%	–
LITE	New	LUMENTUM HLDGS INC	$54,446,000	–	940,341	–	1.56%	–
INTC	New	INTEL CORP	$53,044,000	–	1,067,075	–	1.52%	–
KLIC	New	KULICKE & SOFFA INDS INC	$52,676,000	–	2,211,415	–	1.51%	–
MIME	New	MIMECAST LTD	$49,705,000	–	1,206,131	–	1.42%	–
CDAY	New	CERIDIAN HCM HLDG INC	$48,340,000	–	1,456,468	–	1.38%	–
ELLI	New	ELLIE MAE INC	$44,572,000	–	429,237	–	1.27%	–
MPWR	New	MONOLITHIC PWR SYS INC	$42,410,000	–	317,275	–	1.21%	–
SAIL	New	SAILPOINT TECHNLGIES HLDGS I	$39,530,000	–	1,610,822	–	1.13%	–
CVNA	New	CARVANA COcl a	$35,039,000	–	842,275	–	1.00%	–
ROKU	New	ROKU INC	$31,972,000	–	750,170	–	0.91%	–
SPLK	New	SPLUNK INC	$31,626,000	–	319,104	–	0.90%	–
PFPT	New	PROOFPOINT INC	$30,080,000	–	260,864	–	0.86%	–

Q4 2017

			Value		Shares		↓ Weighting
ROKU	Exit	ROKU INC	$0	–	-50,000	–	-0.07%	–
MULE	Exit	MULESOFT INCcl a	$0	–	-97,465	–	-0.10%	–
OKTA	Exit	OKTA INCcl a	$0	–	-94,745	–	-0.14%	–
APPN	Exit	APPIAN CORPcl a	$0	–	-244,457	–	-0.36%	–
HIMX	Exit	HIMAX TECHNOLOGIES INCsponsored adr	$0	–	-1,733,687	–	-0.98%	–
BL	Exit	BLACKLINE INC	$0	–	-694,270	–	-1.23%	–
YY	Exit	YY INC	$0	–	-274,795	–	-1.24%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-619,615	–	-1.27%	–
INST	Exit	INSTRUCTURE INC	$0	–	-766,423	–	-1.32%	–
MPWR	Exit	MONOLITHIC PWR SYS INC	$0	–	-247,711	–	-1.37%	–
	Exit	HIMAX TECHNOLOGIES INCcall	$0	–	-2,500,000	–	-1.42%	–
STMP	Exit	STAMPS COM INC	$0	–	-140,407	–	-1.48%	–
RNG	Exit	RINGCENTRAL INCcl a	$0	–	-1,002,993	–	-2.18%	–
ZEN	Exit	ZENDESK INC	$0	–	-1,450,324	–	-2.20%	–
SQ	Exit	SQUARE INCcl a	$0	–	-1,538,955	–	-2.30%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-185,754	–	-2.50%	–
CGNX	Exit	COGNEX CORP	$0	–	-451,928	–	-2.59%	–
TSLA	Exit	TESLA INC	$0	–	-156,672	–	-2.78%	–
NTES	Exit	NETEASE INCsponsored adr	$0	–	-206,454	–	-2.83%	–
PEGA	Exit	PEGASYSTEMS INC	$0	–	-1,029,502	–	-3.09%	–
KLIC	Exit	KULICKE & SOFFA INDS INC	$0	–	-2,856,179	–	-3.20%	–
ASML	Exit	ASML HOLDING N V	$0	–	-390,995	–	-3.48%	–
ELLI	Exit	ELLIE MAE INC	$0	–	-898,591	–	-3.84%	–
NFLX	Exit	NETFLIX INC	$0	–	-410,262	–	-3.87%	–
LITE	Exit	LUMENTUM HLDGS INC	$0	–	-1,590,359	–	-4.49%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-89,488	–	-4.53%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-480,753	–	-4.62%	–
NVDA	Exit	NVIDIA CORP	$0	–	-521,180	–	-4.84%	–
SGMS	Exit	SCIENTIFIC GAMES CORPcl a	$0	–	-2,093,468	–	-4.99%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-749,598	–	-6.66%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-793,542	–	-7.13%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-1,323,557	–	-8.02%	–
AMZN	Exit	AMAZON COM INC	$0	–	-177,513	–	-8.87%	–

Q3 2017

			Value		Shares		↓ Weighting
AMZN	Sell	AMAZON COM INC	$170,652,000	-0.9%	177,513	-0.2%	8.87%	-26.3%
SHOP	Buy	SHOPIFY INCcl a	$154,181,000	+84.6%	1,323,557	+37.7%	8.02%	+37.2%
BABA	Buy	ALIBABA GROUP HLDG LTDsponsored ads	$137,053,000	+28.8%	793,542	+5.1%	7.13%	-4.2%
FB	Buy	FACEBOOK INCcl a	$128,084,000	+63.7%	749,598	+44.7%	6.66%	+21.7%
SGMS	Buy	SCIENTIFIC GAMES CORPcl a	$95,986,000	+159.9%	2,093,468	+48.0%	4.99%	+93.2%
NVDA	New	NVIDIA CORP	$93,171,000	–	521,180	–	4.84%	–
LRCX	Buy	LAM RESEARCH CORP	$88,959,000	+56.7%	480,753	+19.8%	4.62%	+16.5%
GOOGL	Sell	ALPHABET INCcap stk cl a	$87,136,000	+4.5%	89,488	-0.2%	4.53%	-22.3%
LITE	Buy	LUMENTUM HLDGS INC	$86,436,000	+77.2%	1,590,359	+86.0%	4.49%	+31.7%
NFLX	Buy	NETFLIX INC	$74,401,000	+60.8%	410,262	+32.4%	3.87%	+19.5%
ELLI	Sell	ELLIE MAE INC	$73,801,000	-25.4%	898,591	-0.2%	3.84%	-44.6%
ASML	New	ASML HOLDING N V	$66,938,000	–	390,995	–	3.48%	–
KLIC	New	KULICKE & SOFFA INDS INC	$61,608,000	–	2,856,179	–	3.20%	–
PEGA	Sell	PEGASYSTEMS INC	$59,351,000	-1.4%	1,029,502	-0.2%	3.09%	-26.7%
NTES	Sell	NETEASE INCsponsored adr	$54,465,000	-13.2%	206,454	-1.1%	2.83%	-35.5%
TSLA	Sell	TESLA INC	$53,441,000	-19.8%	156,672	-14.9%	2.78%	-40.4%
CGNX	Buy	COGNEX CORP	$49,839,000	+192.1%	451,928	+124.9%	2.59%	+117.0%
MELI	Sell	MERCADOLIBRE INC	$48,097,000	+3.0%	185,754	-0.2%	2.50%	-23.4%
SQ	New	SQUARE INCcl a	$44,337,000	–	1,538,955	–	2.30%	–
ZEN	Sell	ZENDESK INC	$42,219,000	+4.6%	1,450,324	-0.2%	2.20%	-22.3%
RNG	Sell	RINGCENTRAL INCcl a	$41,875,000	+6.1%	1,002,993	-7.1%	2.18%	-21.1%
STMP	Sell	STAMPS COM INC	$28,453,000	+30.6%	140,407	-0.2%	1.48%	-3.0%
	New	HIMAX TECHNOLOGIES INCcall	$27,325,000	–	2,500,000	–	1.42%	–
MPWR	Sell	MONOLITHIC PWR SYS INC	$26,394,000	+10.3%	247,711	-0.2%	1.37%	-18.0%
INST	Sell	INSTRUCTURE INC	$25,407,000	-39.3%	766,423	-46.0%	1.32%	-54.9%
MU	New	MICRON TECHNOLOGY INC	$24,369,000	–	619,615	–	1.27%	–
YY	New	YY INC	$23,847,000	–	274,795	–	1.24%	–
BL	New	BLACKLINE INC	$23,688,000	–	694,270	–	1.23%	–
HIMX	New	HIMAX TECHNOLOGIES INCsponsored adr	$18,949,000	–	1,733,687	–	0.98%	–
APPN	Sell	APPIAN CORPcl a	$6,957,000	+56.4%	244,457	-0.2%	0.36%	+16.4%
OKTA	Sell	OKTA INCcl a	$2,673,000	+23.5%	94,745	-0.2%	0.14%	-7.9%
MULE	New	MULESOFT INCcl a	$1,963,000	–	97,465	–	0.10%	–
ROKU	New	ROKU INC	$1,327,000	–	50,000	–	0.07%	–
MTSI	Exit	MACOM TECH SOLUTIONS HLDGS I	$0	–	-307,247	–	-1.20%	–
CEVA	Exit	CEVA INC	$0	–	-468,040	–	-1.49%	–
FIVN	Exit	FIVE9 INC	$0	–	-989,592	–	-1.49%	–
BOX	Exit	BOX INCcl a	$0	–	-1,775,308	–	-2.26%	–
FN	Exit	FABRINET	$0	–	-888,013	–	-2.65%	–
AAPL	Exit	APPLE INC	$0	–	-422,086	–	-4.25%	–

Q2 2017

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$172,209,000	–	177,902	–	12.05%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$106,395,000	–	755,112	–	7.44%	–
ELLI	New	ELLIE MAE INC	$98,980,000	–	900,559	–	6.92%	–
SHOP	New	SHOPIFY INCcl a	$83,514,000	–	961,030	–	5.84%	–
GOOGL	New	ALPHABET INCcap stk cl a	$83,377,000	–	89,684	–	5.83%	–
FB	New	FACEBOOK INCcl a	$78,240,000	–	518,215	–	5.47%	–
TSLA	New	TESLA INC	$66,601,000	–	184,178	–	4.66%	–
NTES	New	NETEASE INCsponsored adr	$62,776,000	–	208,815	–	4.39%	–
AAPL	New	APPLE INC	$60,789,000	–	422,086	–	4.25%	–
PEGA	New	PEGASYSTEMS INC	$60,203,000	–	1,031,758	–	4.21%	–
LRCX	New	LAM RESEARCH CORP	$56,761,000	–	401,339	–	3.97%	–
LITE	New	LUMENTUM HLDGS INC	$48,785,000	–	855,120	–	3.41%	–
MELI	New	MERCADOLIBRE INC	$46,704,000	–	186,161	–	3.27%	–
NFLX	New	NETFLIX INC	$46,280,000	–	309,753	–	3.24%	–
INST	New	INSTRUCTURE INC	$41,834,000	–	1,418,086	–	2.93%	–
ZEN	New	ZENDESK INC	$40,378,000	–	1,453,503	–	2.82%	–
RNG	New	RINGCENTRAL INCcl a	$39,450,000	–	1,079,356	–	2.76%	–
FN	New	FABRINET	$37,883,000	–	888,013	–	2.65%	–
SGMS	New	SCIENTIFIC GAMES CORPcl a	$36,929,000	–	1,414,907	–	2.58%	–
BOX	New	BOX INCcl a	$32,382,000	–	1,775,308	–	2.26%	–
MPWR	New	MONOLITHIC PWR SYS INC	$23,932,000	–	248,254	–	1.67%	–
STMP	New	STAMPS COM INC	$21,793,000	–	140,715	–	1.52%	–
FIVN	New	FIVE9 INC	$21,296,000	–	989,592	–	1.49%	–
CEVA	New	CEVA INC	$21,272,000	–	468,040	–	1.49%	–
MTSI	New	MACOM TECH SOLUTIONS HLDGS I	$17,135,000	–	307,247	–	1.20%	–
CGNX	New	COGNEX CORP	$17,063,000	–	200,982	–	1.19%	–
APPN	New	APPIAN CORPcl a	$4,447,000	–	244,993	–	0.31%	–
OKTA	New	OKTA INCcl a	$2,165,000	–	94,952	–	0.15%	–

Q4 2016

			Value		Shares		↓ Weighting
GSUM	Exit	GRIDSUM HLDG INCadr repsg cl b	$0	–	-15,000	–	-0.02%	–
TTD	Exit	THE TRADE DESK INC	$0	–	-15,000	–	-0.03%	–
NTNX	Exit	NUTANIX INCcl a	$0	–	-50,000	–	-0.12%	–
YELP	Exit	YELP INCcl a	$0	–	-272,960	–	-0.73%	–
AAOI	Exit	APPLIED OPTOELECTRONICS INC	$0	–	-659,431	–	-0.94%	–
IPHI	Exit	INPHI CORP	$0	–	-343,317	–	-0.96%	–
VG	Exit	VONAGE HLDGS CORP	$0	–	-2,338,943	–	-1.00%	–
W	Exit	WAYFAIR INCcl a	$0	–	-425,751	–	-1.08%	–
MPWR	Exit	MONOLITHIC PWR SYS INC	$0	–	-247,995	–	-1.29%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-325,600	–	-1.50%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-31,164	–	-1.56%	–
NVDA	Exit	NVIDIA CORP	$0	–	-405,026	–	-1.79%	–
EPAM	Exit	EPAM SYS INC	$0	–	-403,261	–	-1.80%	–
CRUS	Exit	CIRRUS LOGIC INC	$0	–	-545,999	–	-1.87%	–
MXL	Exit	MAXLINEAR INCcl a	$0	–	-1,465,682	–	-1.92%	–
	Exit	YY INCcall	$0	–	-750,000	–	-2.58%	–
AAPL	Exit	APPLE INC	$0	–	-374,451	–	-2.73%	–
GIMO	Exit	GIGAMON INC	$0	–	-871,516	–	-3.08%	–
ARRS	Exit	ARRIS INTL INC	$0	–	-1,690,942	–	-3.09%	–
FN	Exit	FABRINET	$0	–	-1,199,824	–	-3.45%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-968,185	–	-3.60%	–
OCLR	Exit	OCLARO INC	$0	–	-6,685,632	–	-3.69%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-1,402,861	–	-3.88%	–
NTES	Exit	NETEASE INCsponsored adr	$0	–	-265,891	–	-4.13%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-605,310	–	-4.13%	–
SYMC	Exit	SYMANTEC CORP	$0	–	-2,685,751	–	-4.35%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-590,559	–	-4.89%	–
ZEN	Exit	ZENDESK INC	$0	–	-2,727,795	–	-5.40%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-106,361	–	-5.52%	–
ELLI	Exit	ELLIE MAE INC	$0	–	-858,454	–	-5.83%	–
AMZN	Exit	AMAZON COM INC	$0	–	-188,173	–	-10.16%	–
	Exit	ISHARES TRput	$0	–	-1,605,000	–	-12.86%	–

Q3 2016

			Value		Shares		↓ Weighting
	New	ISHARES TRput	$199,358,000	–	1,605,000	–	12.86%	–
AMZN	Buy	AMAZON COM INC	$157,559,000	+25.0%	188,173	+6.8%	10.16%	-2.9%
ELLI	Sell	ELLIE MAE INC	$90,395,000	-12.0%	858,454	-23.4%	5.83%	-31.7%
GOOGL	Buy	ALPHABET INCcap stk cl a	$85,521,000	+34.2%	106,361	+17.4%	5.52%	+4.2%
ZEN	Sell	ZENDESK INC	$83,771,000	-12.6%	2,727,795	-24.9%	5.40%	-32.1%
FB	Buy	FACEBOOK INCcl a	$75,751,000	+12.5%	590,559	+0.2%	4.89%	-12.7%
SYMC	Sell	SYMANTEC CORP	$67,412,000	-12.4%	2,685,751	-28.3%	4.35%	-32.0%
BABA	Sell	ALIBABA GROUP HLDG LTDsponsored ads	$64,036,000	+26.9%	605,310	-4.6%	4.13%	-1.5%
NTES	Buy	NETEASE INCsponsored adr	$64,021,000	+78.0%	265,891	+42.8%	4.13%	+38.2%
SHOP	Buy	SHOPIFY INCcl a	$60,211,000	+97.8%	1,402,861	+41.8%	3.88%	+53.6%
OCLR	Buy	OCLARO INC	$57,162,000	+102.0%	6,685,632	+15.3%	3.69%	+56.9%
MSFT	Buy	MICROSOFT CORP	$55,767,000	+196.5%	968,185	+163.4%	3.60%	+130.2%
FN	Sell	FABRINET	$53,500,000	+4.9%	1,199,824	-12.7%	3.45%	-18.6%
ARRS	New	ARRIS INTL INC	$47,904,000	–	1,690,942	–	3.09%	–
GIMO	New	GIGAMON INC	$47,759,000	–	871,516	–	3.08%	–
AAPL	New	APPLE INC	$42,332,000	–	374,451	–	2.73%	–
	New	YY INCcall	$39,960,000	–	750,000	–	2.58%	–
MXL	Sell	MAXLINEAR INCcl a	$29,709,000	-31.6%	1,465,682	-39.3%	1.92%	-46.9%
CRUS	Buy	CIRRUS LOGIC INC	$29,020,000	+55.1%	545,999	+13.2%	1.87%	+20.4%
EPAM	Sell	EPAM SYS INC	$27,950,000	+4.8%	403,261	-2.8%	1.80%	-18.7%
NVDA	Sell	NVIDIA CORP	$27,752,000	-17.7%	405,026	-43.6%	1.79%	-36.1%
GOOG	Sell	ALPHABET INCcap stk cl c	$24,223,000	+12.2%	31,164	-0.1%	1.56%	-12.9%
CRM	Sell	SALESFORCE COM INC	$23,225,000	-54.6%	325,600	-49.4%	1.50%	-64.7%
MPWR	Sell	MONOLITHIC PWR SYS INC	$19,964,000	+17.7%	247,995	-0.1%	1.29%	-8.7%
W	Buy	WAYFAIR INCcl a	$16,762,000	+5.9%	425,751	+4.9%	1.08%	-17.8%
VG	New	VONAGE HLDGS CORP	$15,460,000	–	2,338,943	–	1.00%	–
IPHI	Sell	INPHI CORP	$14,938,000	+35.7%	343,317	-0.1%	0.96%	+5.4%
AAOI	New	APPLIED OPTOELECTRONICS INC	$14,646,000	–	659,431	–	0.94%	–
YELP	Buy	YELP INCcl a	$11,382,000	+149.9%	272,960	+82.0%	0.73%	+94.2%
NTNX	New	NUTANIX INCcl a	$1,850,000	–	50,000	–	0.12%	–
TTD	New	THE TRADE DESK INC	$438,000	–	15,000	–	0.03%	–
GSUM	New	GRIDSUM HLDG INCadr repsg cl b	$253,000	–	15,000	–	0.02%	–
TWLO	Exit	TWILIO INCcl a	$0	–	-100,000	–	-0.30%	–
WUBA	Exit	58 COM INCspon adr rep a	$0	–	-159,834	–	-0.61%	–
PTC	Exit	PTC INC	$0	–	-299,470	–	-0.94%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-173,062	–	-1.38%	–
NEWR	Exit	NEW RELIC INC	$0	–	-695,758	–	-1.70%	–
HUBS	Exit	HUBSPOT INC	$0	–	-648,407	–	-2.34%	–
ACIA	Exit	ACACIA COMMUNICATIONS INC	$0	–	-735,306	–	-2.44%	–
MSTR	Exit	MICROSTRATEGY INCcl a new	$0	–	-189,930	–	-2.76%	–
ININ	Exit	INTERACTIVE INTELLIGENCE GRO	$0	–	-1,517,103	–	-5.17%	–

Q2 2016

			Value		Shares		↓ Weighting
AMZN	New	AMAZON COM INC	$126,032,000	–	176,116	–	10.47%	–
ELLI	New	ELLIE MAE INC	$102,716,000	–	1,120,745	–	8.54%	–
ZEN	New	ZENDESK INC	$95,865,000	–	3,634,016	–	7.97%	–
SYMC	New	SYMANTEC CORP	$76,939,000	–	3,745,802	–	6.39%	–
FB	New	FACEBOOK INCcl a	$67,340,000	–	589,258	–	5.60%	–
GOOGL	New	ALPHABET INCcap stk cl a	$63,740,000	–	90,600	–	5.30%	–
ININ	New	INTERACTIVE INTELLIGENCE GRO	$62,186,000	–	1,517,103	–	5.17%	–
CRM	New	SALESFORCE COM INC	$51,102,000	–	643,524	–	4.25%	–
FN	New	FABRINET	$51,008,000	–	1,374,137	–	4.24%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$50,455,000	–	634,411	–	4.19%	–
MXL	New	MAXLINEAR INCcl a	$43,413,000	–	2,414,490	–	3.61%	–
NTES	New	NETEASE INCsponsored adr	$35,966,000	–	186,141	–	2.99%	–
NVDA	New	NVIDIA CORP	$33,735,000	–	717,612	–	2.80%	–
MSTR	New	MICROSTRATEGY INCcl a new	$33,242,000	–	189,930	–	2.76%	–
SHOP	New	SHOPIFY INCcl a	$30,438,000	–	989,538	–	2.53%	–
ACIA	New	ACACIA COMMUNICATIONS INC	$29,368,000	–	735,306	–	2.44%	–
OCLR	New	OCLARO INC	$28,294,000	–	5,797,976	–	2.35%	–
HUBS	New	HUBSPOT INC	$28,154,000	–	648,407	–	2.34%	–
EPAM	New	EPAM SYS INC	$26,677,000	–	414,822	–	2.22%	–
GOOG	New	ALPHABET INCcap stk cl c	$21,596,000	–	31,203	–	1.80%	–
NEWR	New	NEW RELIC INC	$20,441,000	–	695,758	–	1.70%	–
MSFT	New	MICROSOFT CORP	$18,807,000	–	367,538	–	1.56%	–
CRUS	New	CIRRUS LOGIC INC	$18,714,000	–	482,437	–	1.56%	–
MPWR	New	MONOLITHIC PWR SYS INC	$16,964,000	–	248,305	–	1.41%	–
ADBE	New	ADOBE SYS INC	$16,578,000	–	173,062	–	1.38%	–
W	New	WAYFAIR INCcl a	$15,823,000	–	405,727	–	1.32%	–
PTC	New	PTC INC	$11,254,000	–	299,470	–	0.94%	–
IPHI	New	INPHI CORP	$11,010,000	–	343,748	–	0.92%	–
WUBA	New	58 COM INCspon adr rep a	$7,335,000	–	159,834	–	0.61%	–
YELP	New	YELP INCcl a	$4,554,000	–	150,000	–	0.38%	–
TWLO	New	TWILIO INCcl a	$3,650,000	–	100,000	–	0.30%	–

Q4 2015

			Value		Shares		↓ Weighting
IAC	Exit	IAC INTERACTIVECORP	$0	–	-36,271	–	-0.24%	–
MLNX	Exit	MELLANOX TECHNOLOGIES LTD	$0	–	-114,729	–	-0.43%	–
TREE	Exit	LENDINGTREE INC NEW	$0	–	-58,746	–	-0.54%	–
DATA	Exit	TABLEAU SOFTWARE INCcl a	$0	–	-107,944	–	-0.86%	–
OCLR	Exit	OCLARO INC	$0	–	-3,831,018	–	-0.88%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-135,771	–	-0.93%	–
MPWR	Exit	MONOLITHIC PWR SYS INC	$0	–	-183,800	–	-0.93%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-144,210	–	-0.99%	–
NEWR	Exit	NEW RELIC INC	$0	–	-325,655	–	-1.23%	–
BNED	Exit	BARNES & NOBLE ED INC	$0	–	-1,125,545	–	-1.42%	–
IPHI	Exit	INPHI CORP	$0	–	-598,092	–	-1.43%	–
AAOI	Exit	APPLIED OPTOELECTRONICS INC	$0	–	-810,125	–	-1.51%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-199,599	–	-1.63%	–
QUNR	Exit	QUNAR CAYMAN IS LTDspns adr cl b	$0	–	-556,254	–	-1.66%	–
BKS	Exit	BARNES & NOBLE INC	$0	–	-1,431,461	–	-1.72%	–
NVDA	Exit	NVIDIA CORP	$0	–	-725,000	–	-1.77%	–
MXL	Exit	MAXLINEAR INCcl a	$0	–	-1,513,452	–	-1.87%	–
QRVO	Exit	QORVO INC	$0	–	-434,238	–	-1.94%	–
EPAM	Exit	EPAM SYS INC	$0	–	-277,929	–	-2.06%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTD	$0	–	-166,460	–	-2.07%	–
WUBA	Exit	58 COM INCspon adr rep a	$0	–	-452,607	–	-2.11%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-38,595	–	-2.33%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-138,209	–	-2.36%	–
W	Exit	WAYFAIR INCcl a	$0	–	-691,163	–	-2.41%	–
ATVI	Exit	ACTIVISION BLIZZARD INC	$0	–	-860,548	–	-2.64%	–
NFLX	Exit	NETFLIX INC	$0	–	-273,846	–	-2.81%	–
JD	Exit	JD COM INCspon adr cl a	$0	–	-1,152,978	–	-2.98%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-64,078	–	-4.06%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-664,005	–	-4.47%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-577,088	–	-5.15%	–
ZEN	Exit	ZENDESK INC	$0	–	-2,903,918	–	-5.68%	–
AAPL	Exit	APPLE INC	$0	–	-568,460	–	-6.22%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-1,178,566	–	-6.60%	–
AMZN	Exit	AMAZON COM INC	$0	–	-140,145	–	-7.12%	–
ELLI	Exit	ELLIE MAE INC	$0	–	-1,215,842	–	-8.04%	–
NTES	Exit	NETEASE INCsponsored adr	$0	–	-748,176	–	-8.92%	–

Q3 2015

			Value		Shares		↓ Weighting
NTES	Buy	NETEASE INCsponsored adr	$89,871,000	-0.2%	748,176	+20.4%	8.92%	+8.7%
ELLI	Buy	ELLIE MAE INC	$80,939,000	+3.2%	1,215,842	+8.2%	8.04%	+12.3%
AMZN	Sell	AMAZON COM INC	$71,739,000	+12.9%	140,145	-4.3%	7.12%	+22.9%
ADI	Buy	ANALOG DEVICES INC	$66,483,000	-7.3%	1,178,566	+5.5%	6.60%	+1.0%
AAPL	Buy	APPLE INC	$62,701,000	-0.0%	568,460	+13.7%	6.22%	+8.8%
ZEN	Buy	ZENDESK INC	$57,236,000	+1.3%	2,903,918	+14.1%	5.68%	+10.3%
FB	Sell	FACEBOOK INCcl a	$51,880,000	-18.5%	577,088	-22.2%	5.15%	-11.3%
EA	Sell	ELECTRONIC ARTS INC	$44,986,000	-18.4%	664,005	-19.9%	4.47%	-11.2%
GOOGL	Buy	GOOGLE INCcl a	$40,905,000	+211.1%	64,078	+163.2%	4.06%	+238.7%
JD	Sell	JD COM INCspon adr cl a	$30,047,000	-42.9%	1,152,978	-25.3%	2.98%	-37.8%
NFLX	New	NETFLIX INC	$28,277,000	–	273,846	–	2.81%	–
ATVI	New	ACTIVISION BLIZZARD INC	$26,582,000	–	860,548	–	2.64%	–
W	New	WAYFAIR INCcl a	$24,232,000	–	691,163	–	2.41%	–
PANW	Sell	PALO ALTO NETWORKS INC	$23,772,000	-42.1%	138,209	-41.1%	2.36%	-36.9%
GOOG	Sell	GOOGLE INCcl c	$23,482,000	-5.9%	38,595	-19.5%	2.33%	+2.5%
WUBA	New	58 COM INCspon adr rep a	$21,295,000	–	452,607	–	2.11%	–
AVGO	Sell	AVAGO TECHNOLOGIES LTD	$20,809,000	-23.3%	166,460	-18.4%	2.07%	-16.5%
EPAM	Buy	EPAM SYS INC	$20,711,000	+43.5%	277,929	+37.2%	2.06%	+56.2%
QRVO	Sell	QORVO INC	$19,562,000	-62.8%	434,238	-33.6%	1.94%	-59.4%
MXL	Buy	MAXLINEAR INCcl a	$18,827,000	+19.6%	1,513,452	+16.3%	1.87%	+30.2%
NVDA	New	NVIDIA CORP	$17,871,000	–	725,000	–	1.77%	–
BKS	Buy	BARNES & NOBLE INC	$17,335,000	+51.8%	1,431,461	+225.3%	1.72%	+65.3%
QUNR	New	QUNAR CAYMAN IS LTDspns adr cl b	$16,727,000	–	556,254	–	1.66%	–
ADBE	New	ADOBE SYS INC	$16,411,000	–	199,599	–	1.63%	–
AAOI	New	APPLIED OPTOELECTRONICS INC	$15,214,000	–	810,125	–	1.51%	–
IPHI	Sell	INPHI CORP	$14,378,000	-6.0%	598,092	-10.6%	1.43%	+2.3%
BNED	New	BARNES & NOBLE ED INC	$14,306,000	–	1,125,545	–	1.42%	–
NEWR	Buy	NEW RELIC INC	$12,411,000	+9.2%	325,655	+0.8%	1.23%	+18.9%
CRM	Sell	SALESFORCE COM INC	$10,013,000	-77.9%	144,210	-77.8%	0.99%	-75.9%
MPWR	New	MONOLITHIC PWR SYS INC	$9,411,000	–	183,800	–	0.93%	–
WDAY	New	WORKDAY INCcl a	$9,349,000	–	135,771	–	0.93%	–
OCLR	New	OCLARO INC	$8,811,000	–	3,831,018	–	0.88%	–
DATA	Sell	TABLEAU SOFTWARE INCcl a	$8,612,000	-75.9%	107,944	-65.1%	0.86%	-73.7%
TREE	New	LENDINGTREE INC NEW	$5,465,000	–	58,746	–	0.54%	–
MLNX	New	MELLANOX TECHNOLOGIES LTD	$4,336,000	–	114,729	–	0.43%	–
IAC	Sell	IAC INTERACTIVECORP	$2,367,000	-95.1%	36,271	-94.0%	0.24%	-94.7%
SHOP	Exit	SHOPIFY INCcl a	$0	–	-19,998	–	-0.06%	–
FIT	Exit	FITBIT INCcl a	$0	–	-21,000	–	-0.07%	–
INFN	Exit	INFINERA CORPORATION	$0	–	-162,139	–	-0.31%	–
ARRS	Exit	ARRIS GROUP INC NEW	$0	–	-212,009	–	-0.59%	–
ATML	Exit	ATMEL CORP	$0	–	-714,531	–	-0.64%	–
IMPV	Exit	IMPERVA INC	$0	–	-125,000	–	-0.77%	–
ZBRA	Exit	ZEBRA TECHNOLOGIES CORPcl a	$0	–	-79,489	–	-0.80%	–
MENT	Exit	MENTOR GRAPHICS CORP	$0	–	-380,095	–	-0.92%	–
MSCC	Exit	MICROSEMI CORP	$0	–	-489,694	–	-1.56%	–
WIX	Exit	WIX COM LTD	$0	–	-797,417	–	-1.72%	–
VIPS	Exit	VIPSHOP HLDGS LTDsponsored adr	$0	–	-1,362,639	–	-2.76%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-416,495	–	-3.12%	–

Q2 2015

			Value		Shares		↓ Weighting
NTES	New	NETEASE INCsponsored adr	$90,010,000	–	621,336	–	8.21%	–
ELLI	New	ELLIE MAE INC	$78,452,000	–	1,124,120	–	7.15%	–
ADI	New	ANALOG DEVICES INC	$71,687,000	–	1,116,876	–	6.54%	–
FB	New	FACEBOOK INCcl a	$63,657,000	–	742,225	–	5.80%	–
AMZN	New	AMAZON COM INC	$63,566,000	–	146,436	–	5.80%	–
AAPL	New	APPLE INC	$62,722,000	–	500,076	–	5.72%	–
ZEN	New	ZENDESK INC	$56,512,000	–	2,544,419	–	5.15%	–
EA	New	ELECTRONIC ARTS INC	$55,145,000	–	829,254	–	5.03%	–
JD	New	JD COM INCspon adr cl a	$52,638,000	–	1,543,622	–	4.80%	–
QRVO	New	QORVO INC	$52,531,000	–	654,427	–	4.79%	–
IAC	New	IAC INTERACTIVECORP	$48,193,000	–	604,989	–	4.39%	–
CRM	New	SALESFORCE COM INC	$45,258,000	–	649,980	–	4.13%	–
PANW	New	PALO ALTO NETWORKS INC	$41,024,000	–	234,828	–	3.74%	–
DATA	New	TABLEAU SOFTWARE INCcl a	$35,694,000	–	309,573	–	3.25%	–
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$34,265,000	–	416,495	–	3.12%	–
VIPS	New	VIPSHOP HLDGS LTDsponsored adr	$30,319,000	–	1,362,639	–	2.76%	–
AVGO	New	AVAGO TECHNOLOGIES LTD	$27,125,000	–	204,055	–	2.47%	–
GOOG	New	GOOGLE INCcl c	$24,958,000	–	47,950	–	2.28%	–
WIX	New	WIX COM LTD	$18,835,000	–	797,417	–	1.72%	–
MSCC	New	MICROSEMI CORP	$17,115,000	–	489,694	–	1.56%	–
MXL	New	MAXLINEAR INCcl a	$15,743,000	–	1,301,057	–	1.44%	–
IPHI	New	INPHI CORP	$15,298,000	–	669,201	–	1.40%	–
EPAM	New	EPAM SYS INC	$14,431,000	–	202,593	–	1.32%	–
GOOGL	New	GOOGLE INCcl a	$13,148,000	–	24,347	–	1.20%	–
BKS	New	BARNES & NOBLE INC	$11,422,000	–	440,000	–	1.04%	–
NEWR	New	NEW RELIC INC	$11,366,000	–	322,977	–	1.04%	–
MENT	New	MENTOR GRAPHICS CORP	$10,046,000	–	380,095	–	0.92%	–
ZBRA	New	ZEBRA TECHNOLOGIES CORPcl a	$8,827,000	–	79,489	–	0.80%	–
IMPV	New	IMPERVA INC	$8,463,000	–	125,000	–	0.77%	–
ATML	New	ATMEL CORP	$7,042,000	–	714,531	–	0.64%	–
ARRS	New	ARRIS GROUP INC NEW	$6,487,000	–	212,009	–	0.59%	–
INFN	New	INFINERA CORPORATION	$3,402,000	–	162,139	–	0.31%	–
FIT	New	FITBIT INCcl a	$803,000	–	21,000	–	0.07%	–
SHOP	New	SHOPIFY INCcl a	$679,000	–	19,998	–	0.06%	–

Q4 2014

			Value		Shares		↓ Weighting
PFPT	Exit	PROOFPOINT INC	$0	–	-45,000	–	-0.22%	–
	Exit	E M C CORP MASScall	$0	–	-1,100,000	–	-0.42%	–
QLIK	Exit	QLIK TECHNOLOGIES INC	$0	–	-180,321	–	-0.63%	–
WIX	Exit	WIX COM LTD	$0	–	-496,273	–	-1.05%	–
SIMO	Exit	SILICON MOTION TECHNOLOGY COsponsored adr	$0	–	-745,183	–	-2.60%	–
JD	Exit	JD COM INCspon adr cl a	$0	–	-790,967	–	-2.65%	–
INFN	Exit	INFINERA CORPORATION	$0	–	-1,926,325	–	-2.66%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-43,724	–	-3.34%	–
PANW	Exit	PALO ALTO NETWORKS INC	$0	–	-282,488	–	-3.59%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-339,059	–	-3.63%	–
VIPS	Exit	VIPSHOP HLDGS LTDsponsored adr	$0	–	-149,325	–	-3.66%	–
NFLX	Exit	NETFLIX INC	$0	–	-64,130	–	-3.75%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-53,680	–	-4.02%	–
IMPV	Exit	IMPERVA INC	$0	–	-1,122,390	–	-4.18%	–
	Exit	INTERNATIONAL BUSINESS MACHSput	$0	–	-184,900	–	-4.55%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-414,930	–	-4.78%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-33,265	–	-5.00%	–
ZEN	Exit	ZENDESK INC	$0	–	-1,794,744	–	-5.02%	–
DATA	Exit	TABLEAU SOFTWARE INCcl a	$0	–	-559,995	–	-5.28%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-1,188,673	–	-5.28%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-186,731	–	-5.28%	–
AAPL	Exit	APPLE INC	$0	–	-406,592	–	-5.31%	–
TXTR	Exit	TEXTURA CORP	$0	–	-1,578,818	–	-5.40%	–
LRCX	Exit	LAM RESEARCH CORP	$0	–	-571,154	–	-5.53%	–
RFMD	Exit	RF MICRODEVICES INC	$0	–	-3,712,005	–	-5.55%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,101,122	–	-6.62%	–

Q3 2014

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$51,048,016,000	+129404.3%	1,101,122	+16.5%	6.62%	+30.1%
RFMD	New	RF MICRODEVICES INC	$42,836,538,000	–	3,712,005	–	5.55%	–
LRCX	Buy	LAM RESEARCH CORP	$42,665,204,000	+123739.6%	571,154	+12.0%	5.53%	+24.5%
TXTR	Buy	TEXTURA CORP	$41,680,795,000	+197486.1%	1,578,818	+76.9%	5.40%	+98.6%
AAPL	Sell	APPLE INC	$40,964,144,000	+95915.7%	406,592	-11.4%	5.31%	-3.5%
BIDU	New	BAIDU INCspon adr rep a	$40,750,306,000	–	186,731	–	5.28%	–
MU	Sell	MICRON TECHNOLOGY INC	$40,723,937,000	+102969.9%	1,188,673	-0.9%	5.28%	+3.6%
DATA	Buy	TABLEAU SOFTWARE INCcl a	$40,683,637,000	+152341.7%	559,995	+49.7%	5.28%	+53.2%
ZEN	Buy	ZENDESK INC	$38,748,523,000	+160862.6%	1,794,744	+29.6%	5.02%	+61.8%
PCLN	Sell	PRICELINE GRP INC	$38,540,164,000	+86858.9%	33,265	-9.7%	5.00%	-12.6%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$36,866,531,000	–	414,930	–	4.78%	–
IMPV	Buy	IMPERVA INC	$32,246,265,000	+171331.5%	1,122,390	+56.2%	4.18%	+72.3%
GOOG	Sell	GOOGLE INCcl c	$30,992,685,000	+81070.9%	53,680	-19.1%	4.02%	-18.4%
NFLX	Sell	NETFLIX INC	$28,934,173,000	+102296.5%	64,130	-0.0%	3.75%	+2.9%
VIPS	Buy	VIPSHOP HLDGS LTDsponsored adr	$28,223,918,000	+104942.7%	149,325	+4.3%	3.66%	+5.6%
WDAY	Sell	WORKDAY INCcl a	$27,972,368,000	+91700.0%	339,059	-0.0%	3.63%	-7.7%
PANW	Sell	PALO ALTO NETWORKS INC	$27,712,073,000	+103636.1%	282,488	-11.3%	3.59%	+4.3%
GOOGL	Sell	GOOGLE INCcl a	$25,727,639,000	+100528.3%	43,724	-0.0%	3.34%	+1.2%
INFN	New	INFINERA CORPORATION	$20,553,888,000	–	1,926,325	–	2.66%	–
JD	Sell	JD COM INCspon adr cl a	$20,422,768,000	+65809.7%	790,967	-27.2%	2.65%	-33.8%
SIMO	New	SILICON MOTION TECHNOLOGY COsponsored adr	$20,075,230,000	–	745,183	–	2.60%	–
WIX	Buy	WIX COM LTD	$8,064,436,000	+135733.5%	496,273	+65.8%	1.05%	+36.6%
QLIK	New	QLIK TECHNOLOGIES INC	$4,875,880,000	–	180,321	–	0.63%	–
	New	E M C CORP MASScall	$3,218,600,000	–	1,100,000	–	0.42%	–
PFPT	New	PROOFPOINT INC	$1,671,300,000	–	45,000	–	0.22%	–
ICGE	Exit	ICG GROUP INC	$0	–	-357,555	–	-0.96%	–
AMZN	Exit	AMAZON COM INC	$0	–	-24,768	–	-1.04%	–
IDTI	Exit	INTEGRATED DEVICE TECHNOLOGY	$0	–	-530,000	–	-1.06%	–
YNDX	Exit	YANDEX N V	$0	–	-238,012	–	-1.09%	–
CRTO	Exit	CRITEO S Aspons ads	$0	–	-448,887	–	-1.96%	–
YELP	Exit	YELP INCcl a	$0	–	-211,022	–	-2.09%	–
WUBA	Exit	58 COM INCspon adr rep a	$0	–	-512,026	–	-3.57%	–
JMEI	Exit	JUMEI INTL HLDG LTDsponsored adr	$0	–	-1,306,825	–	-4.58%	–
YHOO	Exit	YAHOO INC	$0	–	-1,014,331	–	-4.60%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-377,628	–	-5.29%	–
QIHU	Exit	QIHOO 360 TECHNOLOGY CO LTDads	$0	–	-665,819	–	-7.90%	–

Q2 2014

			Value		Shares		↓ Weighting
QIHU	New	QIHOO 360 TECHNOLOGY CO LTDads	$61,282,000	–	665,819	–	7.90%	–
PCLN	New	PRICELINE GRP INC	$44,320,000	–	36,841	–	5.72%	–
AAPL	New	APPLE INC	$42,664,000	–	459,102	–	5.50%	–
TRIP	New	TRIPADVISOR INC	$41,033,000	–	377,628	–	5.29%	–
MU	New	MICRON TECHNOLOGY INC	$39,511,000	–	1,199,121	–	5.10%	–
MSFT	New	MICROSOFT CORP	$39,418,000	–	945,287	–	5.08%	–
GOOG	New	GOOGLE INCcl c	$38,182,000	–	66,371	–	4.92%	–
YHOO	New	YAHOO INC	$35,633,000	–	1,014,331	–	4.60%	–
JMEI	New	JUMEI INTL HLDG LTDsponsored adr	$35,546,000	–	1,306,825	–	4.58%	–
LRCX	New	LAM RESEARCH CORP	$34,452,000	–	509,793	–	4.44%	–
JD	New	JD COM INCspon adr cl a	$30,986,000	–	1,086,840	–	4.00%	–
WDAY	New	WORKDAY INCcl a	$30,471,000	–	339,096	–	3.93%	–
NFLX	New	NETFLIX INC	$28,257,000	–	64,132	–	3.64%	–
WUBA	New	58 COM INCspon adr rep a	$27,680,000	–	512,026	–	3.57%	–
VIPS	New	VIPSHOP HLDGS LTDsponsored adr	$26,869,000	–	143,116	–	3.47%	–
PANW	New	PALO ALTO NETWORKS INC	$26,714,000	–	318,596	–	3.45%	–
DATA	New	TABLEAU SOFTWARE INCcl a	$26,688,000	–	374,143	–	3.44%	–
GOOGL	New	GOOGLE INCcl a	$25,567,000	–	43,729	–	3.30%	–
ZEN	New	ZENDESK INC	$24,073,000	–	1,385,112	–	3.10%	–
TXTR	New	TEXTURA CORP	$21,095,000	–	892,334	–	2.72%	–
IMPV	New	IMPERVA INC	$18,810,000	–	718,490	–	2.43%	–
YELP	New	YELP INCcl a	$16,181,000	–	211,022	–	2.09%	–
CRTO	New	CRITEO S Aspons ads	$15,159,000	–	448,887	–	1.96%	–
YNDX	New	YANDEX N V	$8,483,000	–	238,012	–	1.09%	–
IDTI	New	INTEGRATED DEVICE TECHNOLOGY	$8,194,000	–	530,000	–	1.06%	–
AMZN	New	AMAZON COM INC	$8,044,000	–	24,768	–	1.04%	–
ICGE	New	ICG GROUP INC	$7,466,000	–	357,555	–	0.96%	–
	New	INTERNATIONAL BUSINESS MACHSput	$6,496,000	–	184,900	–	0.84%	–
WIX	New	WIX COM LTD	$5,937,000	–	299,249	–	0.77%	–

Q4 2013

			Value		Shares		↓ Weighting
FLTX	Exit	FLEETMATICS GROUP PLC	$0	–	-32,177	–	-0.21%	–
FOXA	Exit	TWENTY FIRST CENTY FOX INCcl a	$0	–	-58,576	–	-0.34%	–
GTATQ	Exit	GT ADVANCED TECHNOLOGIES INC	$0	–	-476,306	–	-0.70%	–
MPWR	Exit	MONOLITHIC PWR SYS INC	$0	–	-172,703	–	-0.91%	–
SFUN	Exit	SOUFUN HLDGS LTDadr	$0	–	-111,259	–	-1.00%	–
AMZN	Exit	AMAZON COM INC	$0	–	-20,466	–	-1.11%	–
GA	Exit	GIANT INTERACTIVE GROUP INCadr	$0	–	-865,695	–	-1.37%	–
EPAM	Exit	EPAM SYS INC	$0	–	-230,197	–	-1.38%	–
VIPS	Exit	VIPSHOP HLDGS LTDsponsored adr	$0	–	-151,769	–	-1.50%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-168,249	–	-1.61%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-13,936	–	-1.63%	–
SPLK	Exit	SPLUNK INC	$0	–	-221,925	–	-2.31%	–
CYOU	Exit	CHANGYOU COM LTDads rep cl a	$0	–	-375,228	–	-2.32%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-119,695	–	-2.80%	–
DANG	Exit	E-COMMERCE CHINA DANGDANG IN	$0	–	-1,684,430	–	-3.07%	–
TWX	Exit	TIME WARNER INC	$0	–	-278,934	–	-3.19%	–
NFLX	Exit	NETFLIX INC	$0	–	-60,461	–	-3.25%	–
FOX	Exit	TWENTY FIRST CENTY FOX INCcl b	$0	–	-564,137	–	-3.27%	–
MLCO	Exit	MELCO CROWN ENTMT LTDadr	$0	–	-678,763	–	-3.75%	–
ASML	Exit	ASML HOLDING N V	$0	–	-221,103	–	-3.79%	–
MDSO	Exit	MEDIDATA SOLUTIONS INC	$0	–	-224,803	–	-3.86%	–
TRIP	Exit	TRIPADVISOR INC	$0	–	-317,749	–	-4.18%	–
WDAY	Exit	WORKDAY INCcl a	$0	–	-300,514	–	-4.22%	–
P	Exit	PANDORA MEDIA INC	$0	–	-981,845	–	-4.28%	–
	Exit	STARWOOD PPTY TR INCput	$0	–	-378,900	–	-4.37%	–
YELP	Exit	YELP INCcl a	$0	–	-390,349	–	-4.49%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-32,514	–	-4.95%	–
PCLN	Exit	PRICELINE COM INC	$0	–	-31,382	–	-5.51%	–
LNKD	Exit	LINKEDIN CORP	$0	–	-147,459	–	-6.30%	–
YHOO	Exit	YAHOO INC	$0	–	-1,526,607	–	-8.79%	–
QIHU	Exit	QIHOO 360 TECHNOLOGY CO LTDads	$0	–	-659,759	–	-9.53%	–

Q3 2013

			Value		Shares		↓ Weighting
QIHU	Sell	QIHOO 360 TECHNOLOGY CO LTDads	$54,892,000	+42.9%	659,759	-20.7%	9.53%	+10.2%
YHOO	Buy	YAHOO INC	$50,622,000	+57.9%	1,526,607	+19.6%	8.79%	+21.7%
LNKD	Sell	LINKEDIN CORP	$36,284,000	+18.9%	147,459	-13.8%	6.30%	-8.3%
PCLN	Sell	PRICELINE COM INC	$31,726,000	+22.0%	31,382	-0.2%	5.51%	-6.0%
GOOGL	Sell	GOOGLE INCcl a	$28,479,000	-9.2%	32,514	-8.7%	4.95%	-30.0%
YELP	New	YELP INCcl a	$25,833,000	–	390,349	–	4.49%	–
	New	STARWOOD PPTY TR INCput	$25,178,000	–	378,900	–	4.37%	–
P	Sell	PANDORA MEDIA INC	$24,674,000	+21.7%	981,845	-10.9%	4.28%	-6.2%
WDAY	Sell	WORKDAY INCcl a	$24,321,000	+26.0%	300,514	-0.2%	4.22%	-2.8%
TRIP	Sell	TRIPADVISOR INC	$24,098,000	+8.8%	317,749	-12.7%	4.18%	-16.1%
MDSO	Sell	MEDIDATA SOLUTIONS INC	$22,240,000	+3.7%	224,803	-18.8%	3.86%	-20.0%
ASML	Sell	ASML HOLDING N V	$21,836,000	+24.6%	221,103	-0.2%	3.79%	-4.0%
MLCO	Sell	MELCO CROWN ENTMT LTDadr	$21,605,000	+3.6%	678,763	-27.2%	3.75%	-20.1%
FOX	New	TWENTY FIRST CENTY FOX INCcl b	$18,842,000	–	564,137	–	3.27%	–
NFLX	Sell	NETFLIX INC	$18,695,000	+46.2%	60,461	-0.2%	3.25%	+12.7%
TWX	Sell	TIME WARNER INC	$18,357,000	+13.6%	278,934	-0.2%	3.19%	-12.4%
DANG	Buy	E-COMMERCE CHINA DANGDANG IN	$17,653,000	+66.8%	1,684,430	+10.5%	3.07%	+28.7%
MELI	Buy	MERCADOLIBRE INC	$16,148,000	+38.9%	119,695	+10.9%	2.80%	+7.1%
CYOU	Sell	CHANGYOU COM LTDads rep cl a	$13,328,000	-43.1%	375,228	-51.2%	2.32%	-56.1%
SPLK	Sell	SPLUNK INC	$13,324,000	+29.2%	221,925	-0.2%	2.31%	-0.3%
MA	Sell	MASTERCARD INCcl a	$9,376,000	+16.8%	13,936	-0.2%	1.63%	-9.9%
CBS	Sell	CBS CORP NEWcl b	$9,281,000	+12.6%	168,249	-0.2%	1.61%	-13.1%
VIPS	New	VIPSHOP HLDGS LTDsponsored adr	$8,620,000	–	151,769	–	1.50%	–
EPAM	Buy	EPAM SYS INC	$7,942,000	+245.9%	230,197	+172.5%	1.38%	+166.7%
GA	Sell	GIANT INTERACTIVE GROUP INCadr	$7,895,000	-42.4%	865,695	-49.4%	1.37%	-55.6%
AMZN	New	AMAZON COM INC	$6,398,000	–	20,466	–	1.11%	–
SFUN	New	SOUFUN HLDGS LTDadr	$5,745,000	–	111,259	–	1.00%	–
MPWR	New	MONOLITHIC PWR SYS INC	$5,229,000	–	172,703	–	0.91%	–
GTATQ	New	GT ADVANCED TECHNOLOGIES INC	$4,053,000	–	476,306	–	0.70%	–
FOXA	New	TWENTY FIRST CENTY FOX INCcl a	$1,962,000	–	58,576	–	0.34%	–
FLTX	New	FLEETMATICS GROUP PLC	$1,208,000	–	32,177	–	0.21%	–
DATA	Exit	TABLEAU SOFTWARE INCcl a	$0	–	-499	–	-0.01%	–
	Exit	STARWOOD HOTELS&RESORTS WRLD	$0	–	-380,000	–	-0.23%	–
CREE	Exit	CREE INC	$0	–	-70,418	–	-1.01%	–
CVLT	Exit	COMMVAULT SYSTEMS INC	$0	–	-66,939	–	-1.14%	–
EBAY	Exit	EBAY INC	$0	–	-152,465	–	-1.78%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-666,880	–	-2.15%	–
SODA	Exit	SODASTREAM INTERNATIONAL LTD	$0	–	-260,036	–	-4.26%	–

Q2 2013

			Value		Shares		↓ Weighting
QIHU	New	QIHOO 360 TECHNOLOGY CO LTDads	$38,412,000	–	831,979	–	8.65%	–
YHOO	New	YAHOO INC	$32,061,000	–	1,276,803	–	7.22%	–
GOOGL	New	GOOGLE INCcl a	$31,365,000	–	35,627	–	7.06%	–
LNKD	New	LINKEDIN CORP	$30,506,000	–	171,091	–	6.87%	–
PCLN	New	PRICELINE COM INC	$26,014,000	–	31,451	–	5.86%	–
CYOU	New	CHANGYOU COM LTDads rep cl a	$23,422,000	–	769,436	–	5.28%	–
TRIP	New	TRIPADVISOR INC	$22,158,000	–	364,029	–	4.99%	–
MDSO	New	MEDIDATA SOLUTIONS INC	$21,445,000	–	276,883	–	4.83%	–
MLCO	New	MELCO CROWN ENTMT LTDadr	$20,851,000	–	932,506	–	4.70%	–
P	New	PANDORA MEDIA INC	$20,282,000	–	1,102,267	–	4.57%	–
WDAY	New	WORKDAY INCcl a	$19,302,000	–	301,177	–	4.35%	–
SODA	New	SODASTREAM INTERNATIONAL LTD	$18,892,000	–	260,036	–	4.26%	–
ASML	New	ASML HOLDING N V	$17,528,000	–	221,590	–	3.95%	–
TWX	New	TIME WARNER INC	$16,164,000	–	279,549	–	3.64%	–
GA	New	GIANT INTERACTIVE GROUP INCadr	$13,702,000	–	1,710,647	–	3.09%	–
NFLX	New	NETFLIX INC	$12,791,000	–	60,595	–	2.88%	–
MELI	New	MERCADOLIBRE INC	$11,626,000	–	107,884	–	2.62%	–
DANG	New	E-COMMERCE CHINA DANGDANG IN	$10,581,000	–	1,524,699	–	2.38%	–
SPLK	New	SPLUNK INC	$10,311,000	–	222,414	–	2.32%	–
MU	New	MICRON TECHNOLOGY INC	$9,556,000	–	666,880	–	2.15%	–
CBS	New	CBS CORP NEWcl b	$8,240,000	–	168,620	–	1.86%	–
MA	New	MASTERCARD INCcl a	$8,024,000	–	13,967	–	1.81%	–
EBAY	New	EBAY INC	$7,885,000	–	152,465	–	1.78%	–
CVLT	New	COMMVAULT SYSTEMS INC	$5,080,000	–	66,939	–	1.14%	–
CREE	New	CREE INC	$4,497,000	–	70,418	–	1.01%	–
EPAM	New	EPAM SYS INC	$2,296,000	–	84,486	–	0.52%	–
	New	STARWOOD HOTELS&RESORTS WRLD	$1,005,000	–	380,000	–	0.23%	–
DATA	New	TABLEAU SOFTWARE INCcl a	$28,000	–	499	–	0.01%	–

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