FRED ALGER MANAGEMENT, LLC

13F filer, CIK 3520, NEW YORK, NY

FRED ALGER MANAGEMENT, LLC reported $22,341,506,910 across 431 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 50.21% of the portfolio.

Filed 2025-08-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:23:11 UTC13F-HR 0000950123-25-008360

Period: 2025-06-30
Reported value: $22.3B
Holdings: 431
Top 10 weight: 50.21%
New: 69
Sold out: 56

Part of the filer group FRED ALGER MANAGEMENT, LLC

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
NBISadded	+4,401,197	$244M
VSTadded	+1,174,783	$228M
RBLXadded	+1,418,198	$149M
GOOGadded	+826,301	$147M
CEGadded	+414,225	$134M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
APPreduced	-506,148	-$177M
NRGreduced	-1,075,159	-$173M
NFLXreduced	-112,089	-$150M
CORZreduced	-5,734,421	-$97.9M
AVGOreduced	-327,439	-$90.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0000950123-25-008360, largest first. % of portfolio is the value over $22,341,156,560, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
NVDANVIDIA CORPORATION	14,937,552	$2.36B	10.56%	+567,519	Timeline
MSFTMICROSOFT CORP	4,580,630	$2.28B	10.2%	+50,221	Timeline
AMZNAMAZON COM INC	6,884,585	$1.51B	6.76%	+529,917	Timeline
METAMETA PLATFORMS INC	1,833,514	$1.35B	6.06%	-25,580	Timeline
APPAPPLOVIN CORP	2,327,644	$815M	3.65%	-506,148	Timeline
AAPLAPPLE INC	3,742,666	$768M	3.44%	-250,992	Timeline
AVGOBROADCOM INC	2,130,303	$587M	2.63%	-327,439	Timeline
TLNTALEN ENERGY CORP	1,903,530	$553M	2.48%	+411,385	Timeline
NFLXNETFLIX INC.	372,320	$499M	2.23%	-112,089	Timeline
TSLATESLA INC	1,554,906	$494M	2.21%	+359,361	Timeline
GOOGALPHABET INC	2,609,086	$463M	2.07%	+826,301	Timeline
NBISNEBIUS GROUP N.V.	7,595,447	$420M	1.88%	+4,401,197	Timeline
VRTVERTIV HOLDINGS CO	3,249,258	$417M	1.87%	-246,802	Timeline
VSTVISTRA CORP	2,148,122	$416M	1.86%	+1,174,783	Timeline
GFLGFL ENVIRONMENTAL INC	8,122,258	$410M	1.83%	-1,333,589	Timeline
NTRANATERA INC	2,410,476	$407M	1.82%	-193,684	Timeline
SESEA LTD	2,364,659	$378M	1.69%	-220,520	Timeline
HOODROBINHOOD MKTS INC	3,422,248	$320M	1.43%	-258,712	Timeline
SPOTSPOTIFY TECHNOLOGY S A	384,210	$295M	1.32%	+25,926	Timeline
VVISA INC	764,119	$271M	1.21%	-171,631	Timeline
HEI-AHEICO CORP NEW	989,909	$256M	1.15%	+43,955	Timeline
MELIMERCADOLIBRE INC	82,978	$217M	0.97%	-3,388	Timeline
CEGCONSTELLATION ENERGY CORP	648,724	$209M	0.94%	+414,225	Timeline
RBLXROBLOX CORP	1,881,065	$198M	0.89%	+1,418,198	Timeline
ISRGINTUITIVE SURGICAL INC	323,110	$176M	0.79%	-9,773	Timeline
NETCLOUDFLARE INC	865,797	$170M	0.76%	+99,940	Timeline
SNOWSNOWFLAKE INC	729,931	$163M	0.73%	+488,893	Timeline
ALABASTERA LABS INC	1,784,336	$161M	0.72%	+224,303	Timeline
FWONKLIBERTY MEDIA CORP DEL	1,398,251	$146M	0.65%	+38,808	Timeline
CAHCARDINAL HEALTH INC	802,232	$135M	0.6%	+535,001	Timeline
SPGIS&P GLOBAL INC	243,148	$128M	0.57%	-78,380	Timeline
LLYELI LILLY & CO	157,609	$123M	0.55%	-45,420	Timeline
BSXBOSTON SCIENTIFIC CORP	987,969	$106M	0.47%	+12,366	Timeline
WINGWINGSTOP INC	314,194	$106M	0.47%	+158,060	Timeline
MLMMARTIN MARIETTA MATLS INC	183,356	$101M	0.45%	+72,834	Timeline
PINSPINTEREST INC	2,697,081	$96.7M	0.43%	+499,746	Timeline
FSVFIRSTSERVICE CORP NEW	482,711	$84.4M	0.38%	-91,789	Timeline
UPSTUPSTART HLDGS INC	1,219,700	$78.9M	0.35%	-544,436	Timeline
CWSTCASELLA WASTE SYS INC	676,028	$78M	0.35%	-117,557	Timeline
HEIHEICO CORP NEW	234,877	$77M	0.34%	-12,259	Timeline
WGSGENEDX HOLDINGS CORP	820,523	$75.7M	0.34%	+263,505	Timeline
OLLIOLLIES BARGAIN OUTLET HLDGS	533,251	$69.8M	0.31%	+13,085	Timeline
RBCRBC BEARINGS INC	177,735	$68.4M	0.31%	-28,606	Timeline
SHOPSHOPIFY INC	591,021	$68.2M	0.31%	new	Timeline
COHRCOHERENT CORP	748,363	$66.8M	0.3%	+140,871	Timeline
SPSCSPS COMM INC	487,176	$66.1M	0.3%	+91,286	Timeline
DKNGDRAFTKINGS INC NEW	1,409,075	$60.4M	0.27%	+257,288	Timeline
VERXVERTEX INC	1,690,053	$59.6M	0.27%	+17,430	Timeline
FICOFAIR ISAAC CORP	31,607	$57.8M	0.26%	+15,047	Timeline
BURLBURLINGTON STORES INC	234,673	$54.6M	0.24%	+63,088	Timeline
GWREGUIDEWIRE SOFTWARE INC	222,656	$52.4M	0.23%	-91,415	Timeline
PLNTPLANET FITNESS MASTER ISSUER	477,382	$52.1M	0.23%	-68,818	Timeline
TKOTKO GROUP HOLDINGS INC	284,995	$51.9M	0.23%	-20,265	Timeline
ACADACADIA PHARMACEUTICALS INC	2,387,456	$51.5M	0.23%	-382,372	Timeline
CDNSCADENCE DESIGN SYSTEM INC	166,812	$51.4M	0.23%	-261,608	Timeline
IRTCIRHYTHM HOLDINGS INC	325,543	$50.1M	0.22%	+75,829	Timeline
SITESITEONE LANDSCAPE SUPPLY INC	410,549	$49.7M	0.22%	+10,964	Timeline
STEPSTEPSTONE GROUP INC	858,823	$47.7M	0.21%	-697,113	Timeline
ETNEATON CORP PLC	129,830	$46.3M	0.21%	+80,233	Timeline
AGYSAGILYSYS INC	402,505	$46M	0.21%	-263,287	Timeline
AIRAAR CORP	665,151	$45.8M	0.2%	+131,381	Timeline
ORCLORACLE CORP	203,623	$44.5M	0.2%	+184,323	Timeline
LOARLOAR HOLDINGS INC	515,757	$44.4M	0.2%	+20,742	Timeline
CVNACARVANA CO	131,849	$44.4M	0.2%	+98,766	Timeline
TPCTUTOR PERINI CORP	948,467	$44.4M	0.2%	-169,448	Timeline
GKOSGLAUKOS CORP	425,974	$44M	0.2%	-179,716	Timeline
AORTARTIVION INC	1,350,959	$42M	0.19%	+1,230,155	Timeline
NOWSERVICENOW INC	40,332	$41.5M	0.19%	+16,508	Timeline
VSECVSE CORP	312,711	$41M	0.18%	-48,937	Timeline
QTWOQ2 HLDGS INC	430,211	$40.3M	0.18%	-104,512	Timeline
FTAIFTAI AVIATION LTD	352,231	$40.2M	0.18%	-194,534	Timeline
MRVLMARVELL TECHNOLOGY INC	510,753	$39.5M	0.18%	+256,985	Timeline
JPMJPMORGAN CHASE & CO	135,376	$39.2M	0.18%	+502	Timeline
WMTWALMART INC	399,716	$39.1M	0.17%	+99,036	Timeline
PGNYPROGYNY INC	1,756,056	$38.6M	0.17%	+489,952	Timeline
PLTRPALANTIR TECHNOLOGIES INC	275,832	$37.6M	0.17%	-230,987	Timeline
CWANCLEARWATER ANALYTICS HLDGS I	1,715,883	$37.4M	0.17%	+38,247	Timeline
RGENREPLIGEN CORP	299,556	$37.3M	0.17%	-137,481	Timeline
ABTABBOTT LABORATORIES	268,707	$36.5M	0.16%	+129,276	Timeline
TDGTRANSDIGM GROUP INC	23,712	$36.1M	0.16%	-26,125	Timeline
ITRIITRON INC	273,508	$36M	0.16%	+227,770	Timeline
GTESGATES INDL CORP PLC	1,491,780	$34.4M	0.15%	-935,357	Timeline
UALUNITED AIRLS HLDGS INC	425,509	$33.9M	0.15%	-183,839	Timeline
NCNONCINO INC	1,189,616	$33.3M	0.15%	+91,657	Timeline
DASHDOORDASH INC	134,618	$33.2M	0.15%	+99,253	Timeline
URIUNITED RENTALS INC	43,550	$32.8M	0.15%	+23,698	Timeline
PIIMPINJ INC	290,913	$32.3M	0.14%	+122,456	Timeline
FAFIRST ADVANTAGE CORP NEW	1,894,455	$31.5M	0.14%	+605,282	Timeline
KRUSKURA SUSHI USA INC	362,425	$31.2M	0.14%	+10,477	Timeline
GOOGLALPHABET INC	170,774	$30.1M	0.13%	+7,054	Timeline
KLACKLA CORP	33,565	$30.1M	0.13%	-43	Timeline
XMTRXOMETRY INC	858,604	$29M	0.13%	-239,431	Timeline
TRNSTRANSCAT INC	334,567	$28.8M	0.13%	+118,349	Timeline
ADPTADAPTIVE BIOTECHNOLOGIES COR	2,355,427	$27.4M	0.12%	new	Timeline
BLFSBIOLIFE SOLUTIONS INC	1,248,028	$26.9M	0.12%	-285,094	Timeline
EQIXEQUINIX INC	33,291	$26.5M	0.12%	-1,291	Timeline
FSSFEDERAL SIGNAL CORP	242,564	$25.8M	0.12%	-120,432	Timeline
GEVGE VERNOVA INC	48,568	$25.7M	0.12%	+22,841	Timeline
ONTONTERRIS INC	1,151,191	$25.2M	0.11%	+160,262	Timeline
STVNSTEVANATO GROUP S P A	1,021,484	$25M	0.11%	-24,279	Timeline
MSMORGAN STANLEY	176,323	$24.8M	0.11%	+17,999	Timeline
THCTENET HEALTHCARE CORP	138,873	$24.4M	0.11%	+119,157	Timeline
AXONAXON ENTERPRISE INC	29,426	$24.4M	0.11%	-5,798	Timeline
CDNACAREDX INC	1,233,759	$24.1M	0.11%	-200,848	Timeline
NOVTNOVANTA INC	186,327	$24M	0.11%	+117,809	Timeline
ROADCONSTRUCTION PARTNERS INC	224,813	$23.9M	0.11%	-43,895	Timeline
SMTCSEMTECH CORP	525,691	$23.7M	0.11%	+141,857	Timeline
PLMRPALOMAR HLDGS INC	154,786	$23.7M	0.11%	-55,979	Timeline
SPXCSPX TECHNOLOGIES INC	139,836	$23.4M	0.1%	-24,982	Timeline
WFCWELLS FARGO & CO	284,074	$22.8M	0.1%	-86,670	Timeline
MUMICRON TECHNOLOGY INC	184,129	$22.7M	0.1%	-167,995	Timeline
FIXCOMFORT SYS USA INC	42,295	$22.3M	0.1%	+20,566	Timeline
PTLOPORTILLOS INC	1,863,691	$21.7M	0.1%	+392,783	Timeline
CRWDCROWDSTRIKE HLDGS INC	42,431	$21.6M	0.1%	-36,253	Timeline
WABWABTEC	101,968	$21.3M	0.1%	-6,717	Timeline
STRLSTERLING INFRASTRUCTURE INC	92,164	$21.3M	0.1%	-21,647	Timeline
FBRXFORTE BIOSCIENCES INC	1,618,649	$20.9M	0.09%	+708,040	Timeline
NEOGNEOGEN CORP	4,181,207	$20M	0.09%	+168,857	Timeline
DALDELTA AIR LINES INC	405,080	$19.9M	0.09%	-10,953	Timeline
GHGUARDANT HEALTH INC	373,679	$19.4M	0.09%	-83,938	Timeline
OWLBLUE OWL CAPITAL INC	1,005,781	$19.3M	0.09%	+25,603	Timeline
KTOSKRATOS DEFENSE & SEC SOLUTIO	411,514	$19.1M	0.09%	-318,171	Timeline
INSMINSMED INC	189,719	$19.1M	0.09%	-188,612	Timeline
CSWCSW INDUSTRIALS INC	65,192	$18.7M	0.08%	+5,335	Timeline
RDNTRADNET INC	325,425	$18.5M	0.08%	+211,557	Timeline
CYRXCRYOPORT INC	2,358,940	$17.6M	0.08%	-173,422	Timeline
GLOBGLOBANT S A	182,713	$16.6M	0.07%	+135,763	Timeline
AKROAKERO THERAPEUTICS INC	310,569	$16.6M	0.07%	-204,755	Timeline
APHAMPHENOL CORP	166,489	$16.5M	0.07%	-31,410	Timeline
MODMODINE MFG CO	166,764	$16.4M	0.07%	-21,934	Timeline
NUNU HLDGS LTD	1,185,135	$16.3M	0.07%	+716,838	Timeline
INSPINSPIRE MED SYS INC	122,658	$15.9M	0.07%	+65,239	Timeline
RXORXO INC	1,004,697	$15.8M	0.07%	-1,100,145	Timeline
VRSKVERISK ANALYTICS INC	50,697	$15.8M	0.07%	-10,917	Timeline
RAREULTRAGENYX PHARMACEUTICAL IN	430,339	$15.6M	0.07%	-94,298	Timeline
COINCOINBASE GLOBAL INC	44,532	$15.6M	0.07%	+15,840	Timeline
HDHOME DEPOT INC	42,369	$15.5M	0.07%	-2,741	Timeline
HLNEHAMILTON LANE INC	106,726	$15.2M	0.07%	-518,118	Timeline
TECHBIO-TECHNE CORP	290,269	$14.9M	0.07%	-212,839	Timeline
BLDRBUILDERS FIRSTSOURCE INC	127,386	$14.9M	0.07%	-6,098	Timeline
IBNICICI BK LTD	434,405	$14.6M	0.07%	+239,688	Timeline
EFXEQUIFAX INC	55,229	$14.3M	0.06%	-125,504	Timeline
INTAINTAPP INC	275,753	$14.2M	0.06%	-129,475	Timeline
PCTYPAYLOCITY HLDG CORP	77,663	$14.1M	0.06%	+10,043	Timeline
MLTXMOONLAKE IMMUNOTHERAPEUTICS	295,623	$14M	0.06%	-347,258	Timeline
CBRECBRE GROUP INC	98,438	$13.8M	0.06%	+15,529	Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWAR	56,614	$13.7M	0.06%	-5,884	Timeline
ENVXENOVIX CORPORATION	1,319,172	$13.6M	0.06%	-914,274	Timeline
MPWRMONOLITHIC PWR SYS INC	18,202	$13.3M	0.06%	-606	Timeline
CDRECADRE HLDGS INC	413,139	$13.2M	0.06%	-413,389	Timeline
PIPRPIPER SANDLER COS	46,103	$12.8M	0.06%	-23,042	Timeline
BLKBLACKROCK INC	12,025	$12.6M	0.06%	-13	Timeline
CORZCORE SCIENTIFIC INC NEW	739,131	$12.6M	0.06%	-5,734,421	Timeline
XOMEXXON MOBIL CORP	116,918	$12.6M	0.06%	+6,284	Timeline
TNDMTANDEM DIABETES CARE INC	667,345	$12.4M	0.06%	-786,894	Timeline
COSTCOSTCO WHOLESALE CORPORATION	12,375	$12.3M	0.05%	+2,245	Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL	29,193	$11.9M	0.05%	+17,556
CSGPCOSTAR GROUP INC	146,621	$11.8M	0.05%	+17,439	Timeline
ATFVTHE ALGER ETF TRUST	395,025	$11.7M	0.05%	0	Timeline
TCOMTRIP COM GROUP LTD	196,325	$11.5M	0.05%	-45,519	Timeline
CMGCHIPOTLE MEXICAN GRILL INC	202,177	$11.4M	0.05%	+4,289	Timeline
ELFE L F BEAUTY INC	88,719	$11M	0.05%	+28,937	Timeline
SHAKSHAKE SHACK INC	81,357	$11M	0.05%	-42,187	Timeline
HONHONEYWELL INTL INC	45,699	$10.6M	0.05%	-2,211	Timeline
QCOMQUALCOMM INC	66,429	$10.6M	0.05%	+3,948	Timeline
SYKSTRYKER CORPORATION	26,485	$10.5M	0.05%	+12,677	Timeline
ABBVABBVIE INC	56,226	$10.4M	0.05%	-367,314	Timeline
WELLWELLTOWER INC	66,893	$10.3M	0.05%	+716	Timeline
ABSIABSCI CORPORATION	3,929,311	$10.1M	0.05%	-364,721	Timeline
CVXCHEVRON CORPORATION	70,344	$10.1M	0.05%	-371	Timeline
CTASCINTAS CORP	44,169	$9.84M	0.04%	+7,857	Timeline
BXBLACKSTONE INC	64,163	$9.6M	0.04%	-73,025	Timeline
UNPUNION PAC CORP	40,387	$9.29M	0.04%	+14,168	Timeline
UNHUNITEDHEALTH GROUP INC	29,634	$9.24M	0.04%	-3,917	Timeline
USPHU S PHYSICAL THERAPY	117,129	$9.16M	0.04%	-25,028	Timeline
VEEVVEEVA SYS INC	31,484	$9.07M	0.04%	-13,945	Timeline
IDXXIDEXX LABS INC	16,839	$9.03M	0.04%	-1,891	Timeline
PROPROS Holdings Inc	561,991	$8.8M	0.04%	-1,144,855	Timeline
JNJJOHNSON & JOHNSON	57,133	$8.73M	0.04%	-4,058	Timeline
BJBJS WHSL CLUB HLDGS INC	80,201	$8.65M	0.04%	+30,101	Timeline
CRSCARPENTER TECHNOLOGY CORP	33,019	$8.56M	0.04%	new	Timeline
MCKMCKESSON CORP	11,654	$8.55M	0.04%	-26,418	Timeline
NVRNVR INC	1,156	$8.54M	0.04%	+19	Timeline
MCDMCDONALDS CORP	28,186	$8.24M	0.04%	-11,502	Timeline
ROPROPER TECHNOLOGIES INC	14,397	$8.16M	0.04%	+13,204	Timeline
OSCROSCAR HEALTH INC	372,345	$7.98M	0.04%	-202,191	Timeline
WWAYFAIR INC	155,088	$7.93M	0.04%	+66,824	Timeline
NRGNRG ENERGY INC	49,370	$7.93M	0.04%	-1,075,159	Timeline
KOCOCA COLA CO	110,800	$7.9M	0.04%	-184	Timeline
CSCOCISCO SYS INC	112,403	$7.8M	0.03%	+1,192	Timeline
CMECME GROUP INC	28,132	$7.75M	0.03%	-1,752	Timeline
APDAIR PRODUCTS AND CHEMICALS I	25,932	$7.31M	0.03%	-1,017	Timeline
HWMHOWMET AEROSPACE INC	38,264	$7.12M	0.03%	new	Timeline
RYANRYAN SPECIALTY HOLDINGS INC	104,238	$7.09M	0.03%	-64,456	Timeline
GILDGILEAD SCIENCES INC	63,907	$7.09M	0.03%	+30,724	Timeline
AXAXOS FINANCIAL INC	96,616	$7.06M	0.03%	+89,546	Timeline
NUVLNUVALENT INC	91,439	$6.98M	0.03%	-96,463	Timeline
IDCCINTERDIGITAL INC	30,871	$6.92M	0.03%	-27,950	Timeline
JOBYJOBY AVIATION INC	652,151	$6.88M	0.03%	-4,232	Timeline
PMPHILIP MORRIS INTL INC	36,773	$6.75M	0.03%	+1,414	Timeline
ADBEADOBE INC	17,276	$6.68M	0.03%	-8,193	Timeline
INMDINMODE LTD	450,363	$6.5M	0.03%	-93,387	Timeline
CRHCRH PLC	70,347	$6.46M	0.03%	+63,953	Timeline
LRCXLAM RESEARCH CORP	65,279	$6.37M	0.03%	-17,792	Timeline
EXELEXELIXIS INC	143,192	$6.31M	0.03%	+122,098	Timeline
CLBCORE LABORATORIES INC	544,408	$6.27M	0.03%	-192,445	Timeline
PEPPEPSICO INC	47,141	$6.22M	0.03%	+2,580	Timeline
ENSGENSIGN GROUP INC	42,081	$6.16M	0.03%	+39,721	Timeline
OLEDUNIVERSAL DISPLAY CORP	39,818	$6.15M	0.03%	-19	Timeline
ORLYOREILLY AUTOMOTIVE INC	67,823	$6.11M	0.03%	new	Timeline
PARPAR TECHNOLOGY CORP	88,032	$6.11M	0.03%	-162,201	Timeline
RMBSRAMBUS INC DEL	93,784	$6M	0.03%	-6,036	Timeline
VZVERIZON COMMUNICATIONS INC	136,435	$5.9M	0.03%	0	Timeline
CCICROWN CASTLE INC	57,463	$5.9M	0.03%	+12,528	Timeline
NEONEOGENOMICS INC	806,649	$5.9M	0.03%	-768,128	Timeline
PGPROCTER & GAMBLE CO	34,917	$5.56M	0.02%	-1,001	Timeline
CAKECHEESECAKE FACTORY INC	88,614	$5.55M	0.02%	-1,779	Timeline
HUBSHUBSPOT INC	9,911	$5.52M	0.02%	-3,540	Timeline
FRTYTHE ALGER ETF TRUST	285,304	$5.48M	0.02%	0	Timeline
ACNACCENTURE PLC IRELAND	18,307	$5.47M	0.02%	+17,305	Timeline
DELLDELL TECHNOLOGIES INC	44,069	$5.4M	0.02%	-691	Timeline
JCIJOHNSON CONTROLS INTERNATION	50,509	$5.35M	0.02%	0	Timeline
SPGSIMON PPTY GROUP INC NEW	33,220	$5.34M	0.02%	0	Timeline
FNFABRINET	17,787	$5.24M	0.02%	-17	Timeline
MOALTRIA GROUP INC	87,267	$5.21M	0.02%	0	Timeline
CNEQTHE ALGER ETF TRUST	174,563	$5.18M	0.02%	new	Timeline
GDSGDS HLDGS LTD	168,436	$5.15M	0.02%	new	Timeline
ACIWACI WORLDWIDE INC	118,030	$5.12M	0.02%	+48,794	Timeline
CMCSACOMCAST CORP NEW	142,676	$5.09M	0.02%	0	Timeline
FERGFERGUSON ENTERPRISES INC	22,907	$5.01M	0.02%	0	Timeline
TOTALENERGIES SE -SPON ADRTOTALENERGIES SE -SPON ADR	80,432	$5M	0.02%	0
TMDXTRANSMEDICS GROUP INC	37,333	$5M	0.02%	new	Timeline
ARESARES MANAGEMENT CORPORATION	28,271	$4.9M	0.02%	-854	Timeline
HIGHARTFORD INSURANCE GROUP INC	38,382	$4.89M	0.02%	+2,781	Timeline
GRMNGARMIN LTD	23,054	$4.81M	0.02%	0	Timeline
NVSNOVARTIS AG	39,512	$4.78M	0.02%	+12,155	Timeline
ODFLOLD DOMINION FREIGHT LINE IN	28,852	$4.68M	0.02%	-31,951	Timeline
VERONA PHARMA PLCVERONA PHARMA PLC	49,322	$4.66M	0.02%	+33,833
SITMSITIME CORP	21,531	$4.59M	0.02%	-106,994	Timeline
SCCOSOUTHERN COPPER CORP	44,970	$4.55M	0.02%	+439	Timeline
DUOLDUOLINGO INC	11,083	$4.54M	0.02%	-1	Timeline
AZNASTRAZENECA PLC-SPONS ADR	64,779	$4.53M	0.02%	-133,447	Timeline
DXCMDEXCOM INC	51,644	$4.51M	0.02%	+21,128	Timeline
PODDINSULET CORP	14,111	$4.43M	0.02%	+1,347	Timeline
MSCIMSCI INC	7,662	$4.42M	0.02%	+1,430	Timeline
MANHMANHATTAN ASSOCIATES INC	22,282	$4.4M	0.02%	-5,346	Timeline
WDCWESTERN DIGITAL CORP	67,817	$4.34M	0.02%	new	Timeline
BLKBBLACKBAUD INC	67,364	$4.33M	0.02%	-70	Timeline
RVMDREVOLUTION MEDICINES INC	116,645	$4.29M	0.02%	-754	Timeline
CELHCELSIUS HLDGS INC	92,084	$4.27M	0.02%	+47,824	Timeline
WIXWIX COM LTD	26,760	$4.24M	0.02%	-29	Timeline
LAMRLAMAR ADVERTISING CO	34,588	$4.2M	0.02%	0	Timeline
RPRXROYALTY PHARMA PLC	115,612	$4.17M	0.02%	new	Timeline
GLWCORNING INC	78,102	$4.11M	0.02%	0	Timeline
CRMSALESFORCE INC	14,898	$4.07M	0.02%	new	Timeline
BROSDUTCH BROS INC	59,160	$4.04M	0.02%	new	Timeline
CORCENCORA INC	13,450	$4.03M	0.02%	+8,237	Timeline
DSGXDESCARTES SYS GROUP INC	39,166	$3.98M	0.02%	+34,308	Timeline
FITBFIFTH THIRD BANCORP	95,304	$3.96M	0.02%	+18,056	Timeline
SRESEMPRA	51,213	$3.91M	0.02%	0	Timeline
NEENEXTERA ENERGY INC	56,095	$3.89M	0.02%	0	Timeline
MGYMAGNOLIA OIL & GAS CORP	172,261	$3.87M	0.02%	-89,821	Timeline
HLTHILTON WORLDWIDE HLDGS INC	14,328	$3.82M	0.02%	+9,097	Timeline
OKEONEOK INC NEW	46,329	$3.78M	0.02%	0	Timeline
AMDADVANCED MICRO DEVICES INC	26,508	$3.76M	0.02%	new	Timeline
EHCENCOMPASS HEALTH CORP	30,431	$3.73M	0.02%	+16,194	Timeline
VRNSVARONIS SYS INC	72,272	$3.67M	0.02%	-72	Timeline
EDCONSOLIDATED EDISON INC	36,343	$3.65M	0.02%	0	Timeline
ODDODDITY TECH LTD	47,841	$3.61M	0.02%	-11,748	Timeline
SLNOSOLENO THERAPEUTICS INC	42,891	$3.59M	0.02%	+2,497	Timeline
BLBLACKLINE INC	63,380	$3.59M	0.02%	-6,582	Timeline
MDTMEDTRONIC PLC	40,808	$3.59M	0.02%	-8,186	Timeline
TWSTTWIST BIOSCIENCE CORP	96,965	$3.57M	0.02%	-241,303	Timeline
TTDTHE TRADE DESK INC	49,496	$3.56M	0.02%	+12,256	Timeline
FLUTFLUTTER ENTMT PLC	12,421	$3.55M	0.02%	-1,349	Timeline
BMYBRISTOL-MYERS SQUIBB CO	75,466	$3.49M	0.02%	+647	Timeline
UTIUNIVERSAL TECHNICAL INST INC	103,041	$3.49M	0.02%	+30	Timeline
WSTWEST PHARMACEUTICAL SVSC INC	15,672	$3.43M	0.02%	-394	Timeline
FANGDIAMONDBACK ENERGY INC	24,117	$3.31M	0.01%	+21,563	Timeline
IONQIONQ INC	77,000	$3.31M	0.01%	new	Timeline
AVAVAEROVIRONMENT INC	13,167	$3.27M	0.01%	new	Timeline
CCJCAMECO CORP	43,834	$3.25M	0.01%	-7,889	Timeline
PFEPFIZER INC	131,389	$3.18M	0.01%	+210	Timeline
SYYSYSCO CORP	41,576	$3.15M	0.01%	0	Timeline
TEMTEMPUS AI INC	49,055	$3.12M	0.01%	+10,017	Timeline
CQPCHENIERE ENERGY PARTNERS L P	52,923	$2.97M	0.01%	0	Timeline
RDDTREDDIT INC	19,534	$2.94M	0.01%	+11,799	Timeline
VSXYVICTORIAS SECRET AND CO	158,491	$2.94M	0.01%	-161	Timeline
MKTXMARKETAXESS HLDGS INC	13,098	$2.93M	0.01%	new	Timeline
HQYHEALTHEQUITY INC	29,974	$2.9M	0.01%	+19,072	Timeline
INDIINDIE SEMICONDUCTOR INC	806,817	$2.87M	0.01%	-434,731	Timeline
PSMTPRICESMART INC	29,650	$2.79M	0.01%	+23,659	Timeline
TGTXTG THERAPEUTICS INC	88,198	$2.76M	0.01%	new	Timeline
VRTXVERTEX PHARMACEUTICALS INC	6,173	$2.75M	0.01%	-7,151	Timeline
PLDPROLOGIS INC.	25,820	$2.71M	0.01%	-299	Timeline
LTHLIFE TIME GROUP HOLDINGS INC	87,958	$2.67M	0.01%	-25,210	Timeline
DDOGDATADOG INC	19,529	$2.62M	0.01%	new	Timeline
AMGNAMGEN INC	9,100	$2.54M	0.01%	-32,920	Timeline
RACEFERRARI N V	5,151	$2.52M	0.01%	+3,726	Timeline
DKSDICKS SPORTING GOODS INC	12,114	$2.4M	0.01%	-30,420	Timeline
BBYBEST BUY INC	34,371	$2.34M	0.01%	-11,636	Timeline
UBERUBER TECHNOLOGIES INC	24,821	$2.32M	0.01%	-44,327	Timeline
CRDOCREDO TECHNOLOGY GROUP HOLDI	27,738	$2.23M	0.01%	new	Timeline
STESTERIS PLC	9,127	$2.19M	0.01%	new	Timeline
FNDFLOOR & DECOR HLDGS INC	28,574	$2.17M	0.01%	+15,964	Timeline
PENPENUMBRA INC	8,400	$2.16M	0.01%	+7,058	Timeline
WFRDWEATHERFORD INTL PLC	42,098	$2.12M	0.01%	-39	Timeline
CECOCECO ENVIRONMENTAL CORP	84,717	$2.09M	0.01%	+62,502	Timeline
GAPGAP INC	94,906	$2.07M	0.01%	0	Timeline
OSISOSI SYSTEMS INC	10,597	$2.07M	0.01%	new	Timeline
SBUXSTARBUCKS CORP	22,477	$2.06M	0.01%	-10,775	Timeline
MCMOELIS & CO	32,901	$2.05M	0.01%	-33,501	Timeline
MASIMASIMO CORP	12,185	$2.05M	0.01%	+3,413	Timeline
KNFKNIFE RIVER CORP	28,515	$2.04M	0.01%	new	Timeline
CVSACOVISTA INC	17,824	$1.98M	0.01%	new	Timeline
ADUSADDUS HOMECARE CORP	19,245	$1.92M	0.01%	new	Timeline
VTRVENTAS INC	29,686	$1.89M	0.01%	new	Timeline
IDAIDACORP INC	15,304	$1.77M	0.01%	new	Timeline
LAURLAUREATE ED INC	82,768	$1.74M	0.01%	new	Timeline
DGXQUEST DIAGNOSTICS INC	9,560	$1.72M	0.01%	-9,818	Timeline
FRPTFRESHPET INC	28,912	$1.71M	0.01%	new	Timeline
PCORPROCORE TECHNOLOGIES INC	24,741	$1.69M	0.01%	-13,608	Timeline
TXG10X GENOMICS INC	143,413	$1.66M	0.01%	+77,983	Timeline
HURNHURON CONSULTING GROUP INC	13,778	$1.65M	0.01%	new	Timeline
AHRAMERICAN HEALTHCARE REIT INC	44,144	$1.63M	0.01%	new	Timeline
CNTACENTESSA PHARMACEUTICALS PLC	123,756	$1.63M	0.01%	-22,642	Timeline
MRKMERCK & CO INC	20,229	$1.62M	0.01%	-25,221	Timeline
ANFABERCROMBIE & FITCH CO	19,126	$1.58M	0.01%	-21	Timeline
BMRNBIOMARIN PHARMACEUTICAL INC	28,607	$1.57M	0.01%	-196	Timeline
FLEXFLEX LTD	31,471	$1.57M	0.01%	-3,122	Timeline
SKYCHAMPION HOMES INC	28,686	$1.56M	0.01%	new	Timeline
TWLOTWILIO INC	11,925	$1.48M	0.01%	+9,708	Timeline
HCAHCA HEALTHCARE INC	3,870	$1.48M	0.01%	new	Timeline
BCPCBALCHEM CORP	9,267	$1.48M	0.01%	0	Timeline
BNTXBIONTECH SE	13,839	$1.47M	0.01%	-48,091	Timeline
SKWDSKYWARD SPECIALTY INS GROUP	28,077	$1.41M	0.01%	new	Timeline
LNTHLANTHEUS HLDGS INC	19,726	$1.4M	0.01%	new	Timeline
DHRDANAHER CORP DEL	6,887	$1.36M	0.01%	-13,420	Timeline
NKTRNEKTAR THERAPEUTICS	52,711	$1.36M	0.01%	new	Timeline
HALOHALOZYME THERAPEUTICS INC	29,460	$1.35M	0.01%	+21,377	Timeline
MAMASTERCARD INCORPORATED	2,356	$1.32M	0.01%	new	Timeline
RTXRTX CORPORATION	8,890	$1.3M	0.01%	new	Timeline
REXRREXFORD INDL RLTY INC	35,963	$1.29M	0.01%	new	Timeline
OPCHOPTION CARE HEALTH INC	45,157	$1.27M	0.01%	new	Timeline
ZTSZOETIS INC	7,988	$1.25M	0.01%	+4,522	Timeline
ARIS WATER SOLUTIONS INCARIS WATER SOLUTIONS INC	59,797	$1.23M	0.01%	new
CRVLCORVEL CORP	11,922	$1.23M	0.01%	+4,601	Timeline
DLTRDOLLAR TREE INC	12,095	$1.2M	0.01%	new	Timeline
RPDRAPID7 INC	50,517	$1.17M	0.01%	-54	Timeline
HCATHEALTH CATALYST INC	308,318	$1.16M	0.01%	-223	Timeline
CFLTCONFLUENT INC-CLASS A	46,543	$1.16M	0.01%	new	Timeline
RKTROCKET COS INC	80,915	$1.15M	0.01%	new	Timeline
LYVLIVE NATION ENTERTAINMENT IN	7,556	$1.14M	0.01%	new	Timeline
CVLTCOMMVAULT SYS INC	7,513	$1.14M	0.01%	new	Timeline
BBIOBRIDGEBIO PHARMA INC	23,799	$1.03M	<0.01%	-4,600	Timeline
TNGXTANGO THERAPEUTICS INC	191,337	$980K	<0.01%	new	Timeline
CERTCERTARA INC	83,590	$978K	<0.01%	new	Timeline
TEVATEVA PHARMACEUTICAL INDS LTD	58,228	$976K	<0.01%	new	Timeline
PRMEPRIME MEDICINE INC	383,194	$946K	<0.01%	new	Timeline
BILLBILL HOLDINGS INC	20,291	$939K	<0.01%	+15,055	Timeline
SLPSIMULATIONS PLUS INC	53,628	$936K	<0.01%	new	Timeline
XPOXPO INC	7,309	$923K	<0.01%	-465	Timeline
SDGRSCHRODINGER INC	44,950	$904K	<0.01%	new	Timeline
COLLCOLLEGIUM PHARMACEUTICAL INC	35,249	$903K	<0.01%	new	Timeline
ADSKAUTODESK INC	2,899	$897K	<0.01%	-108,045	Timeline
EMBJEMBRAER S.A.	15,051	$857K	<0.01%	+9,154	Timeline
MXCTMAXCYTE INC	390,104	$850K	<0.01%	+669	Timeline
SKYESKYE BIOSCIENCE INC	201,451	$842K	<0.01%	new	Timeline
ENOVENOVIS CORPORATION	29,500	$802K	<0.01%	new	Timeline
ALAITHE ALGER ETF TRUST	25,245	$779K	<0.01%	0	Timeline
ORICORIC PHARMACEUTICALS INC	76,286	$774K	<0.01%	-102,436	Timeline
SRRKSCHOLAR ROCK HLDG CORP	21,100	$747K	<0.01%	new	Timeline
KLCKINDERCARE LEARNING COMPANIE	72,207	$729K	<0.01%	-60	Timeline
SGRYSURGERY PARTNERS INC	35,431	$683K	<0.01%	new	Timeline
EWEDWARDS LIFESCIENCES CORP	8,483	$663K	<0.01%	new	Timeline
NAGENIAGEN BIOSCIENCE INC	45,923	$662K	<0.01%	new	Timeline
ASNDASCENDIS PHARMA A/S	3,795	$655K	<0.01%	-61,011	Timeline
ALKSALKERMES PLC	22,648	$648K	<0.01%	-14,863	Timeline
PRCTPROCEPT BIOROBOTICS CORP	11,081	$638K	<0.01%	new	Timeline
PCVXVAXCYTE INC	18,271	$594K	<0.01%	-4,089	Timeline
CBLLCERIBELL INC	28,791	$539K	<0.01%	-29	Timeline
VLTOVERALTO CORP	5,211	$527K	<0.01%	-399	Timeline
IBMINTERNATIONAL BUSINESS MACHS	1,653	$487K	<0.01%	new	Timeline
ECLECOLAB INC	1,799	$486K	<0.01%	-330	Timeline
XYLXYLEM INC	3,671	$475K	<0.01%	0	Timeline
ATYRATYR PHARMA INC	92,493	$469K	<0.01%	new	Timeline
AAGILENT TECHNOLOGIES INC	3,830	$452K	<0.01%	new	Timeline
ICEINTERCONTINENTAL EXCHANGE IN	2,330	$427K	<0.01%	+38	Timeline
GLBEGLOBAL E ONLINE LTD	12,414	$416K	<0.01%	-1,683,241	Timeline
TTEKTETRA TECH INC NEW	11,552	$415K	<0.01%	new	Timeline
TRMBTRIMBLE INC	5,317	$404K	<0.01%	-604	Timeline
NAMSNEWAMSTERDAM PHARMA COMPANY	22,037	$399K	<0.01%	-5,384	Timeline
FSLRFIRST SOLAR INC	2,395	$396K	<0.01%	-206	Timeline
IONSIONIS PHARMACEUTICALS INC	9,464	$374K	<0.01%	new	Timeline
CAMTCAMTEK LTD	3,989	$337K	<0.01%	-3,740	Timeline
NXTNEXTPOWER INC	6,018	$327K	<0.01%	0	Timeline
TRVITREVI THERAPEUTICS INC	59,425	$325K	<0.01%	-17,274	Timeline
BACBANK OF AMER CORP	6,538	$309K	<0.01%	-88,084	Timeline
PVLAPALVELLA THERAPEUTICS INC NE	13,542	$305K	<0.01%	new	Timeline
EAELECTRONIC ARTS INC	1,689	$270K	<0.01%	-242	Timeline
PEGAPEGASYSTEMS INC	4,909	$266K	<0.01%	+1,646	Timeline
RNGRINGCENTRAL INC	9,290	$263K	<0.01%	+35	Timeline
PEVERPURE INC	4,540	$261K	<0.01%	-109,286	Timeline
BIOBIO RAD LABS INC	1,083	$261K	<0.01%	+89	Timeline
QRVOQORVO INC	3,019	$256K	<0.01%	-620	Timeline
CARTMAPLEBEAR INC	5,648	$256K	<0.01%	new	Timeline
SWKSSKYWORKS SOLUTIONS INC	3,422	$255K	<0.01%	-419	Timeline
CRUSCIRRUS LOGIC INC	2,430	$253K	<0.01%	-26	Timeline
ESTCELASTIC N V	3,000	$253K	<0.01%	new	Timeline
REGNREGENERON PHARMACEUTICALS	481	$253K	<0.01%	+104	Timeline
NBIXNEUROCRINE BIOSCIENCES INC	2,009	$253K	<0.01%	-265	Timeline
DBXDROPBOX INC	8,793	$251K	<0.01%	-1,043	Timeline
DVDOUBLEVERIFY HLDGS INC	16,686	$250K	<0.01%	-841	Timeline
ZMZOOM COMMUNICATIONS INC	3,191	$249K	<0.01%	-233	Timeline
PYPLPAYPAL HLDGS INC	3,343	$248K	<0.01%	-382	Timeline
OKTAOKTA INC	2,484	$248K	<0.01%	+258	Timeline
GTMZOOMINFO TECHNOLOGIES INC	24,359	$247K	<0.01%	+2,604	Timeline
DLBDOLBY LABORATORIES INC	3,315	$246K	<0.01%	+166	Timeline
PATHUIPATH INC	19,232	$246K	<0.01%	-2,217	Timeline
ZZILLOW GROUP INC	3,508	$246K	<0.01%	-3,426	Timeline
MTCHMATCH GROUP INC NEW	7,909	$244K	<0.01%	-305	Timeline
AKBAAKEBIA THREAPEUTICS INC	67,013	$244K	<0.01%	new	Timeline
EXPEEXPEDIA GROUP INC	1,439	$243K	<0.01%	+83	Timeline
OGNORGANON & CO	24,747	$240K	<0.01%	+6,831	Timeline
JAZZJAZZ PHARMACEUTICALS PLC	2,257	$240K	<0.01%	+410	Timeline
EBAYEBAY INC.	3,203	$238K	<0.01%	-688	Timeline
ENPHENPHASE ENERGY INC	5,509	$218K	<0.01%	new	Timeline
ETSYETSY INC	4,143	$208K	<0.01%	-1,035	Timeline
ARCOARCOS DORADOS HLDGS INC	12,975	$102K	<0.01%	-29,527	Timeline
CABACABALETTA BIO INC	59,813	$90.9K	<0.01%	-417,397	Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
TRUMP MEDIA & TECHNOLOGY GROTRUMP MEDIA & TECHNOLOGY GRO COM	put	11,000	$350K	+3,300

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
MMSIMERIT MED SYS INC	154,707	$16.4M	shares
PPLPPL CORP	391,828	$14.2M	shares
TREXTREX INC	215,079	$12.5M	shares
ANETARISTA NETWORKS INC	146,377	$11.3M	shares
WKWORKIVA INC	111,870	$8.49M	shares
SPTSPROUT SOCIAL INC	256,633	$5.64M	shares
FLYWFLYWIRE CORPORATION	488,409	$4.64M	shares
TRUTRANSUNION	49,707	$4.13M	shares
TWTRADEWEB MKTS INC	27,602	$4.1M	shares
LSCCLATTICE SEMICONDUCTOR CORP	64,126	$3.36M	shares
RHRH	13,931	$3.27M	shares
PAYCOR HCM INCPAYCOR HCM INC	122,504	$2.75M	shares
AZOAUTOZONE INC	713	$2.72M	shares
AZEK CO INCAZEK CO INC	54,315	$2.66M	shares
XYZBLOCK INC	43,144	$2.34M	shares
BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP	25,681	$2.27M	shares
CVSCVS HEALTH CORP	31,482	$2.13M	shares
MQMARQETA INC	503,533	$2.07M	shares
GSKGSK PLC	51,693	$2.02M	shares
MERUS N VMERUS N V	47,956	$2.02M	shares
ONTOONTO INNOVATION INC	16,253	$1.97M	shares
DHID R HORTON INC	14,662	$1.86M	shares
GOGROCERY OUTLET HLDG CORP	127,947	$1.79M	shares
BABAALIBABA GROUP HLDG LTD	12,816	$1.69M	shares
BIIBBIOGEN INC	12,159	$1.66M	shares
APPFAPPFOLIO INC	7,473	$1.64M	shares
BHVNBIOHAVEN LTD	61,572	$1.48M	shares
INVESCO QQQ TRINVESCO QQQ TR	70,400	$1.35M	put
CPRXCATALYST PHARMACEUTICALS INC	51,402	$1.25M	shares
DOWDOW HLDGS INC	35,282	$1.23M	shares
ALHCALIGNMENT HEALTHCARE INC	58,904	$1.1M	shares
ARGXARGENX SE	1,810	$1.07M	shares
TEAMATLASSIAN CORPORATION	4,393	$932K	shares
ONCBEONE MEDICINES LTD	3,307	$900K	shares
AXSMAXSOME THERAPEUTICS INC.	7,373	$860K	shares
EWCZEUROPEAN WAX CTR INC	200,860	$793K	shares
XERSXERIS BIOPHARMA HOLDINGS INC	134,016	$736K	shares
KRYSKRYSTAL BIOTECH INC	3,728	$672K	shares
EWTXEDGEWISE THERAPEUTICS INC	27,635	$608K	shares
ARQTARCUTIS BIOTHERAPEUTICS INC	36,313	$568K	shares
ARMARM HOLDINGS PLC	5,181	$553K	shares
FISVFISERV INC	2,470	$545K	shares
TILINSTIL BIO INC	31,314	$544K	shares
KNSAKINIKSA PHARMACEUTICALS INTL	21,823	$485K	shares
DLRDIGITAL RLTY TR INC	2,887	$414K	shares
PTGXPROTAGONIST THERAPEUTICS INC	7,477	$362K	shares
VISTVISTA ENERGY S.A.B. DE C.V.	7,588	$353K	shares
ASAMER SPORTS INC	13,161	$352K	shares
ALLEALLEGION PLC	2,685	$350K	shares
NEKTAR THERAPEUTICSNEKTAR THERAPEUTICS	506,446	$344K	shares
PLTKPLAYTIKA HLDG CORP	51,163	$268K	shares
IPGPIPG PHOTONICS CORP	4,082	$258K	shares
UTHRUNITED THERAPEUTICS CORP DEL	832	$256K	shares
DOCUDOCUSIGN INC	3,143	$256K	shares
INFORMATICA INCINFORMATICA INC	13,596	$237K	shares
GRABGRAB HOLDINGS LIMITED	20,513	$92.9K	shares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0000950123-25-008360	base		2025-08-14	acceptance time not in the bulk data set	2026-10-07 18:23:11 UTC