| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 41,623,294 | 2,097,452 | 6,851,194,192.4 | 3.4038 | 7.8711 | 06/30/2025 |
| 2 | WCM Investment Management LLC | 25,807,216 | 662,548 | 4,247,867,753.6 | 5.4875 | 4.8802 | 06/30/2025 |
| 3 | Tiger Global Management LLC | 16,041,335 | 0 | 2,640,403,741 | 7.0794 | 3.0335 | 06/30/2025 |
| 4 | BlackRock Fund Advisors | 14,082,981 | 2,044,189 | 2,318,058,672.6 | 0.0515 | 2.6631 | 06/30/2025 |
| 5 | T. Rowe Price Associates, Inc. (IM) | 11,230,726 | 3,761,149 | 1,848,577,499.6 | 0.2129 | 2.1238 | 06/30/2025 |
| 6 | JPMorgan Investment Management, Inc. | 7,557,045 | 4,910,514 | 1,243,889,607 | 0.1283 | 1.4291 | 06/30/2025 |
| 7 | Arrowstreet Capital LP | 7,068,252 | -10,601 | 1,163,434,279.2 | 0.7431 | 1.3366 | 06/30/2025 |
| 8 | Norges Bank Investment Management | 6,901,535 | -7,176,526 | 1,135,992,661 | 0.0757 | 1.3051 | 06/30/2025 |
| 9 | SSgA Funds Management, Inc. | 6,481,562 | 33,772 | 1,066,865,105.2 | 0.0356 | 1.2257 | 06/30/2025 |
| 10 | Fidelity Management & Research Co. LLC | 5,968,273 | -3,660,089 | 982,377,735.8 | 0.0548 | 1.1286 | 06/30/2025 |
| 11 | Sands Capital Management LLC | 5,678,005 | -1,139,989 | 934,599,623 | 2.0267 | 1.0737 | 06/30/2025 |
| 12 | Artisan Partners LP | 5,251,353 | 388,056 | 864,372,703.8 | 0.6569 | 0.993 | 06/30/2025 |
| 13 | JPMorgan Securities LLC (Investment Management) | 4,914,346 | 836,244 | 808,901,351.6 | 0.4055 | 0.9293 | 06/30/2025 |
| 14 | T. Rowe Price International Ltd. | 4,392,999 | 2,297,930 | 723,087,635.4 | 0.4343 | 0.8307 | 06/30/2025 |
| 15 | Jennison Associates LLC | 4,266,600 | 1,687,695 | 702,282,360 | 0.3687 | 0.8068 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard International Growth Fund | 9,741,085 | 1,719,764 | 1,603,382,591 | 3.2801 | 1.8421 | 05/31/2025 |
| 2 | Government Pension Fund - Global (The) | 6,901,534 | -9,031,720 | 1,135,992,496.4 | 0.0739 | 1.3051 | 06/30/2025 |
| 3 | WCM Focused International Growth Fund | 6,330,696 | -106,177 | 1,042,032,561.6 | 4.983 | 1.1972 | 06/30/2025 |
| 4 | JPMorgan Large Cap Growth Fund | 4,602,968 | 4,602,968 | 757,648,532.8 | 0.617 | 0.8704 | 08/31/2025 |
| 5 | Scottish Mortgage Investment Trust Plc | 3,097,824 | 390,586 | 509,901,830.4 | 2.4598 | 0.5858 | 08/31/2025 |
| 6 | iShares Core MSCI EAFE ETF | 2,583,080 | 253,417 | 425,174,968 | 0.2722 | 0.4885 | 09/30/2025 |
| 7 | Fidelity Advisor Series I -Growth Opportunities Fund | 2,300,576 | -741,200 | 378,674,809.6 | 1.2421 | 0.435 | 08/31/2025 |
| 8 | T Rowe Price Blue Chip Growth Fund | 1,873,338 | -125,793 | 308,351,434.8 | 0.4425 | 0.3543 | 09/30/2025 |
| 9 | T. Rowe Price All-Cap Opportunities Fund | 1,824,114 | 966,562 | 300,249,164.4 | 1.7353 | 0.3449 | 09/30/2025 |
| 10 | Franklin DynaTech Fund | 1,625,000 | 625,000 | 267,475,000 | 0.9057 | 0.3073 | 09/30/2025 |
| 11 | St. James's Place Unit Trust - Global Growth | 1,495,368 | 0 | 246,137,572.8 | 1.193 | 0.2828 | 01/31/2025 |
| 12 | Artisan Developing World Fund | 1,454,327 | -136,511 | 239,382,224.2 | 5.5011 | 0.275 | 09/30/2025 |
| 13 | iShares Tr. - MSCI EAFE ETF | 1,307,364 | 86,444 | 215,192,114.4 | 0.3168 | 0.2472 | 09/30/2025 |
| 14 | Fidelity International Index Fund | 1,305,167 | 127,521 | 214,830,488.2 | 0.3124 | 0.2468 | 08/31/2025 |
| 15 | ClearBridge International Growth Fund | 1,296,951 | 104,601 | 213,478,134.6 | 2.9006 | 0.2453 | 09/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Investment Management, Inc. | 7,557,045 | 4,910,514 | 1,243,889,607 | 0.1283 | 1.4291 | 06/30/2025 |
| 2 | T. Rowe Price Associates, Inc. (IM) | 11,230,726 | 3,761,149 | 1,848,577,499.6 | 0.2129 | 2.1238 | 06/30/2025 |
| 3 | T. Rowe Price International Ltd. | 4,392,999 | 2,297,930 | 723,087,635.4 | 0.4343 | 0.8307 | 06/30/2025 |
| 4 | Baillie Gifford & Co. | 41,623,294 | 2,097,452 | 6,851,194,192.4 | 3.4038 | 7.8711 | 06/30/2025 |
| 5 | BlackRock Fund Advisors | 14,082,981 | 2,044,189 | 2,318,058,672.6 | 0.0515 | 2.6631 | 06/30/2025 |
| 6 | Jennison Associates LLC | 4,266,600 | 1,687,695 | 702,282,360 | 0.3687 | 0.8068 | 06/30/2025 |
| 7 | Whale Rock Capital Management LLC | 1,409,496 | 1,409,496 | 232,003,041.6 | 2.6279 | 0.2665 | 06/30/2025 |
| 8 | D. E. Shaw & Co. LP | 1,365,221 | 1,365,221 | 224,715,376.6 | 0.2047 | 0.2582 | 06/30/2025 |
| 9 | Two Sigma Advisers LP | 1,906,300 | 1,211,100 | 313,776,980 | 0.5952 | 0.3605 | 06/30/2025 |
| 10 | First Sentier Investors (Australia) IM Ltd. | 1,114,206 | 1,114,206 | 183,398,307.6 | 1.2241 | 0.2107 | 06/30/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Norges Bank Investment Management | 6,901,535 | -7,176,526 | 1,135,992,661 | 0.0757 | 1.3051 | 06/30/2025 |
| 2 | Fidelity Management & Research Co. LLC | 5,968,273 | -3,660,089 | 982,377,735.8 | 0.0548 | 1.1286 | 06/30/2025 |
| 3 | Marshall Wace LLP | 1,132,702 | -2,170,366 | 186,442,749.2 | 0.2024 | 0.2142 | 06/30/2025 |
| 4 | Capital Research & Management Co. (Global Investors) | 2,631,167 | -1,670,484 | 433,090,088.2 | 0.0663 | 0.4976 | 06/30/2025 |
| 5 | Kontiki Capital Management (HK) Ltd. | 2,244,855 | -1,143,661 | 369,503,133 | 20.2476 | 0.4245 | 06/30/2025 |
| 6 | Sands Capital Management LLC | 5,678,005 | -1,139,989 | 934,599,623 | 2.0267 | 1.0737 | 06/30/2025 |
| 7 | Eminence Capital LP | 1,548,494 | -987,716 | 254,882,112.4 | 3.0555 | 0.2928 | 06/30/2025 |
| 8 | Coreview Capital Management Ltd. | 766,319 | -984,074 | 126,136,107.4 | 14.8265 | 0.1449 | 06/30/2025 |
| 9 | First Beijing Investment Ltd. | 0 | -957,702 | 0 | 0 | 0 | |
| 10 | J.O. Hambro Capital Management Ltd. | 1,169,483 | -832,880 | 192,496,901.8 | 1.1593 | 0.2212 | 09/30/2025 |
Data provided by FactSet Research Systems Inc.