| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 39,525,842 | -1,428,707 | 6,239,944,676.54 | 3.069 | 7.4745 | 03/31/2025 |
| 2 | WCM Investment Management LLC | 25,144,668 | -518,999 | 3,969,588,737.16 | 5.3624 | 4.7549 | 03/31/2025 |
| 3 | Tiger Global Management LLC | 16,041,335 | 0 | 2,532,445,556.45 | 7.4671 | 3.0335 | 03/31/2025 |
| 4 | Norges Bank Investment Management | 14,078,061 | 0 | 2,222,503,490.07 | 0.1539 | 2.6622 | 12/31/2024 |
| 5 | BlackRock Fund Advisors | 12,038,792 | 221,353 | 1,900,564,093.04 | 0.0444 | 2.2766 | 03/31/2025 |
| 6 | Fidelity Management & Research Co. LLC | 9,628,362 | -288,527 | 1,520,029,508.94 | 0.0883 | 1.8208 | 03/31/2025 |
| 7 | T. Rowe Price Associates, Inc. (IM) | 7,469,577 | 1,370,003 | 1,179,222,120.99 | 0.1402 | 1.4125 | 03/31/2025 |
| 8 | Arrowstreet Capital LP | 7,078,853 | -15,034 | 1,117,538,523.11 | 0.7748 | 1.3386 | 03/31/2025 |
| 9 | Sands Capital Management LLC | 6,817,994 | -573,638 | 1,076,356,712.78 | 2.2979 | 1.2893 | 03/31/2025 |
| 10 | SSgA Funds Management, Inc. | 6,447,790 | -430,854 | 1,017,912,607.3 | 0.0361 | 1.2193 | 03/31/2025 |
| 11 | Artisan Partners LP | 4,863,297 | -257,344 | 767,768,697.39 | 0.6095 | 0.9197 | 03/31/2025 |
| 12 | Acadian Asset Management LLC | 4,777,353 | 354,158 | 754,200,718.11 | 1.5789 | 0.9034 | 03/31/2025 |
| 13 | Capital Research & Management Co. (Global Investors) | 4,301,651 | -3,824,413 | 679,101,643.37 | 0.1062 | 0.8135 | 03/31/2025 |
| 14 | Goldman Sachs & Co. LLC (Private Banking) | 4,297,199 | -86,077 | 678,398,806.13 | 0.345 | 0.8126 | 03/31/2025 |
| 15 | Viking Global Investors LP | 4,160,096 | 4,160,096 | 656,754,355.52 | 1.7737 | 0.7867 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 15,933,254 | 0 | 2,515,382,808.98 | 0.163 | 3.013 | 12/31/2024 |
| 2 | Vanguard International Growth Fund | 8,021,321 | -913,390 | 1,266,325,946.27 | 2.5851 | 1.5169 | 02/28/2025 |
| 3 | WCM Focused International Growth Fund | 6,436,873 | 0 | 1,016,189,140.51 | 4.8481 | 1.2172 | 03/31/2025 |
| 4 | Scottish Mortgage Investment Trust Plc | 3,097,824 | 390,586 | 489,053,474.88 | 2.3918 | 0.5858 | 05/31/2025 |
| 5 | JPMorgan Large Cap Growth Fund | 3,007,648 | 3,007,648 | 474,817,389.76 | 0.4161 | 0.5688 | 05/31/2025 |
| 6 | iShares Core MSCI EAFE ETF | 2,465,524 | 136,861 | 389,232,273.88 | 0.2682 | 0.4662 | 06/30/2025 |
| 7 | Fidelity Advisor Series I -Growth Opportunities Fund | 2,094,576 | -1,127,008 | 330,670,713.12 | 1.1845 | 0.3961 | 05/31/2025 |
| 8 | T Rowe Price Communications & Technology Fund | 2,053,100 | 2,053,100 | 324,122,897 | 3.0475 | 0.3882 | 06/30/2025 |
| 9 | T Rowe Price Blue Chip Growth Fund | 1,883,041 | -134,774 | 297,275,682.67 | 0.4471 | 0.3561 | 06/30/2025 |
| 10 | Artisan Developing World Fund | 1,556,923 | -319,906 | 245,791,434.01 | 5.7461 | 0.2944 | 06/30/2025 |
| 11 | Franklin DynaTech Fund | 1,500,000 | 1,165,000 | 236,805,000 | 0.8469 | 0.2837 | 06/30/2025 |
| 12 | St. James's Place Unit Trust - Global Growth | 1,495,368 | 1,495,368 | 236,073,746.16 | 1.1793 | 0.2828 | 01/31/2025 |
| 13 | T. Rowe Price All-Cap Opportunities Fund | 1,396,352 | 251,800 | 220,442,090.24 | 1.3206 | 0.2641 | 06/30/2025 |
| 14 | iShares Tr. - MSCI EAFE ETF | 1,301,416 | 80,496 | 205,454,543.92 | 0.3135 | 0.2461 | 06/30/2025 |
| 15 | JPMorgan Funds - US Technology Fund | 1,232,490 | 486,951 | 194,573,196.3 | 2.2396 | 0.2331 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Viking Global Investors LP | 4,160,096 | 4,160,096 | 656,754,355.52 | 1.7737 | 0.7867 | 03/31/2025 |
| 2 | Jennison Associates LLC | 2,578,905 | 2,578,905 | 407,131,732.35 | 0.2221 | 0.4877 | 03/31/2025 |
| 3 | Marshall Wace LLP | 3,303,068 | 1,801,673 | 521,455,345.16 | 0.5964 | 0.6246 | 03/31/2025 |
| 4 | Castle Hook Partners LP | 1,671,994 | 1,671,994 | 263,957,692.78 | 6.1454 | 0.3162 | 03/31/2025 |
| 5 | Fred Alger Management LLC | 2,585,179 | 1,528,301 | 408,122,208.73 | 1.9375 | 0.4889 | 03/31/2025 |
| 6 | Citigroup Global Markets, Inc. (Broker) | 1,578,973 | 1,515,320 | 249,272,467.51 | 0.9308 | 0.2986 | 03/31/2025 |
| 7 | JPMorgan Investment Management, Inc. | 2,646,531 | 1,483,919 | 417,807,848.97 | 0.0456 | 0.5005 | 03/31/2025 |
| 8 | William Blair Investment Management LLC | 3,680,684 | 1,447,526 | 581,069,583.08 | 0.6924 | 0.696 | 06/30/2025 |
| 9 | T. Rowe Price Associates, Inc. (IM) | 7,469,577 | 1,370,003 | 1,179,222,120.99 | 0.1402 | 1.4125 | 03/31/2025 |
| 10 | SCGE Management LP | 2,160,000 | 1,251,000 | 340,999,200 | 7.5901 | 0.4085 | 03/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Capital Research & Management Co. (Global Investors) | 4,301,651 | -3,824,413 | 679,101,643.37 | 0.1062 | 0.8135 | 03/31/2025 |
| 2 | Morgan Stanley & Co. LLC | 2,348,850 | -1,966,807 | 370,812,949.5 | 0.1273 | 0.4442 | 03/31/2025 |
| 3 | First Beijing Investment Ltd. | 957,702 | -1,599,696 | 151,192,414.74 | 6.2964 | 0.1811 | 03/31/2025 |
| 4 | Eminence Capital LP | 2,536,210 | -1,513,853 | 400,391,472.7 | 5.2432 | 0.4796 | 03/31/2025 |
| 5 | Baillie Gifford & Co. | 39,525,842 | -1,428,707 | 6,239,944,676.54 | 3.069 | 7.4745 | 03/31/2025 |
| 6 | Slate Path Capital LP | 0 | -1,279,330 | 0 | 0 | 0 | |
| 7 | Temasek Holdings Pte Ltd. (Investment Management) | 2,475,226 | -1,173,541 | 390,763,928.62 | 0.8764 | 0.4681 | 03/31/2025 |
| 8 | Bank of Singapore Ltd. | 126,121 | -851,437 | 19,910,722.27 | 0.7965 | 0.0238 | 03/31/2025 |
| 9 | Eastspring Investments (Singapore) Ltd. | 2,334,522 | -849,492 | 368,550,988.14 | 1.1299 | 0.4415 | 03/31/2025 |
| 10 | Manulife Investment Management (US) LLC | 354,731 | -806,400 | 56,001,382.97 | 0.0436 | 0.0671 | 03/31/2025 |
Data provided by FactSet Research Systems Inc.