Shares | Market Value ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (0.4%) | |||
Ecolab Inc. | 193,791 | 44,998 | |
Fastenal Co. | 428,633 | 28,281 | |
Linde plc | 45,697 | 19,902 | |
Southern Copper Corp. | 86,370 | 10,246 | |
Avery Dennison Corp. | 26,593 | 6,053 | |
Scotts Miracle-Gro Co. | 41,851 | 2,917 | |
* | Valvoline Inc. | 33,922 | 1,377 |
FMC Corp. | 18,624 | 1,135 | |
114,909 | |||
Consumer Discretionary (18.0%) | |||
* | Amazon.com Inc. | 9,036,451 | 1,594,391 |
* | Tesla Inc. | 2,767,397 | 492,818 |
Costco Wholesale Corp. | 444,358 | 359,881 | |
Home Depot Inc. | 1,003,118 | 335,914 | |
* | Netflix Inc. | 428,157 | 274,714 |
Booking Holdings Inc. | 34,983 | 132,108 | |
* | Uber Technologies Inc. | 1,973,743 | 127,425 |
TJX Cos. Inc. | 1,143,225 | 117,866 | |
Lowe's Cos. Inc. | 424,559 | 93,951 | |
Starbucks Corp. | 1,114,731 | 89,424 | |
* | Chipotle Mexican Grill Inc. | 27,546 | 86,206 |
McDonald's Corp. | 302,098 | 78,210 | |
Target Corp. | 461,276 | 72,033 | |
* | Airbnb Inc. Class A | 415,235 | 60,180 |
NIKE Inc. Class B | 628,006 | 59,692 | |
Marriott International Inc. Class A | 240,558 | 55,610 | |
* | O'Reilly Automotive Inc. | 50,260 | 48,413 |
* | Copart Inc. | 860,019 | 45,633 |
Ross Stores Inc. | 309,132 | 43,204 | |
* | Spotify Technology SA | 140,514 | 41,702 |
* | Trade Desk Inc. Class A | 441,749 | 40,985 |
* | AutoZone Inc. | 14,449 | 40,023 |
* | Lululemon Athletica Inc. | 111,548 | 34,802 |
Yum! Brands Inc. | 246,769 | 33,913 | |
Tractor Supply Co. | 108,301 | 30,897 | |
Dollar General Corp. | 219,627 | 30,069 | |
* | Deckers Outdoor Corp. | 25,635 | 28,043 |
* | Coupang Inc. | 1,098,146 | 24,972 |
Hilton Worldwide Holdings Inc. | 114,360 | 22,941 | |
* | Ulta Beauty Inc. | 48,604 | 19,203 |
Domino's Pizza Inc. | 34,996 | 17,798 | |
* | Roblox Corp. Class A | 471,055 | 15,837 |
* | Burlington Stores Inc. | 64,740 | 15,541 |
Las Vegas Sands Corp. | 344,410 | 15,509 | |
* | DraftKings Inc. Class A | 418,917 | 14,717 |
Pool Corp. | 38,070 | 13,840 | |
* | Floor & Decor Holdings Inc. Class A | 104,272 | 12,185 |
Rollins Inc. | 255,794 | 11,687 | |
Texas Roadhouse Inc. | 66,971 | 11,564 | |
* | Expedia Group Inc. | 97,578 | 11,013 |
Wingstop Inc. | 29,451 | 10,857 | |
* | Royal Caribbean Cruises Ltd. | 70,615 | 10,428 |
RB Global Inc. (XTSE) | 139,245 | 10,120 | |
* | Crocs Inc. | 59,535 | 9,266 |
Churchill Downs Inc. | 71,255 | 9,227 | |
Estee Lauder Cos. Inc. Class A | 72,643 | 8,961 | |
Darden Restaurants Inc. | 55,808 | 8,393 | |
Murphy USA Inc. | 18,467 | 8,102 | |
* | Five Below Inc. | 54,926 | 7,587 |
Shares | Market Value ($000) | ||
TKO Group Holdings Inc. | 61,950 | 6,757 | |
* | Lyft Inc. Class A | 349,699 | 5,459 |
H&R Block Inc. | 93,045 | 4,619 | |
* | Etsy Inc. | 66,924 | 4,248 |
* | BJ's Wholesale Club Holdings Inc. | 46,050 | 4,056 |
Service Corp. International | 52,252 | 3,744 | |
* | YETI Holdings Inc. | 86,714 | 3,533 |
* | Cava Group Inc. | 37,211 | 3,444 |
1 | Choice Hotels International Inc. | 29,531 | 3,343 |
* | Live Nation Entertainment Inc. | 35,407 | 3,319 |
* | Caesars Entertainment Inc. | 84,206 | 2,994 |
Wendy's Co. | 168,305 | 2,937 | |
* | American Airlines Group Inc. | 241,247 | 2,774 |
* | Planet Fitness Inc. Class A | 40,693 | 2,590 |
Williams-Sonoma Inc. | 8,327 | 2,442 | |
Best Buy Co. Inc. | 26,404 | 2,240 | |
* | SiteOne Landscape Supply Inc. | 14,310 | 2,215 |
U-Haul Holding Co. | 35,751 | 2,173 | |
* | NVR Inc. | 262 | 2,012 |
Nexstar Media Group Inc. | 11,123 | 1,843 | |
* | Wayfair Inc. Class A | 29,451 | 1,752 |
eBay Inc. | 32,200 | 1,746 | |
Tempur Sealy International Inc. | 33,774 | 1,735 | |
* | Norwegian Cruise Line Holdings Ltd. | 101,969 | 1,693 |
Delta Air Lines Inc. | 32,711 | 1,669 | |
* | Ollie's Bargain Outlet Holdings Inc. | 19,782 | 1,631 |
Travel & Leisure Co. | 31,881 | 1,401 | |
* | Peloton Interactive Inc. Class A | 336,146 | 1,224 |
* | Grand Canyon Education Inc. | 8,350 | 1,190 |
Dick's Sporting Goods Inc. | 4,198 | 956 | |
* | Victoria's Secret & Co. | 34,357 | 783 |
* | Bright Horizons Family Solutions Inc. | 7,165 | 753 |
Avis Budget Group Inc. | 6,448 | 733 | |
Vail Resorts Inc. | 3,796 | 716 | |
* | RH | 2,550 | 693 |
* | Skechers USA Inc. Class A | 9,608 | 686 |
Tapestry Inc. | 14,742 | 641 | |
* | CarMax Inc. | 8,894 | 625 |
Wynn Resorts Ltd. | 6,437 | 611 | |
Wyndham Hotels & Resorts Inc. | 5,903 | 418 | |
*,1 | Birkenstock Holding plc | 7,288 | 415 |
Polaris Inc. | 4,798 | 401 | |
* | U-Haul Holding Co. (XNYS) | 5,492 | 347 |
Playtika Holding Corp. | 19,757 | 173 | |
4,827,589 | |||
Consumer Staples (2.5%) | |||
PepsiCo Inc. | 954,762 | 165,078 | |
Coca-Cola Co. | 1,937,414 | 121,921 | |
Procter & Gamble Co. | 443,907 | 73,040 | |
Kimberly-Clark Corp. | 317,844 | 42,369 | |
* | Monster Beverage Corp. | 745,908 | 38,728 |
Cencora Inc. | 168,512 | 38,180 | |
Sysco Corp. | 499,242 | 36,355 | |
McKesson Corp. | 50,850 | 28,964 | |
Church & Dwight Co. Inc. | 219,348 | 23,472 | |
Hershey Co. | 111,495 | 22,057 | |
Clorox Co. | 123,947 | 16,306 | |
Kenvue Inc. | 651,811 | 12,580 | |
Lamb Weston Holdings Inc. | 137,504 | 12,140 | |
* | Celsius Holdings Inc. | 143,951 | 11,513 |
Brown-Forman Corp. Class B | 143,470 | 6,580 | |
* | Performance Food Group Co. | 72,063 | 5,016 |
Constellation Brands Inc. Class A | 16,130 | 4,036 | |
* | Boston Beer Co. Inc. Class A | 8,768 | 2,750 |
Brown-Forman Corp. Class A | 40,150 | 1,839 | |
Casey's General Stores Inc. | 5,421 | 1,799 | |
* | Freshpet Inc. | 12,041 | 1,579 |
Albertsons Cos. Inc. Class A | 35,699 | 737 | |
667,039 |
Shares | Market Value ($000) | ||
Energy (0.5%) | |||
Cheniere Energy Inc. | 240,213 | 37,903 | |
Targa Resources Corp. | 221,501 | 26,188 | |
Hess Corp. | 155,454 | 23,956 | |
* | Enphase Energy Inc. | 133,380 | 17,059 |
Texas Pacific Land Corp. | 18,538 | 11,388 | |
APA Corp. | 268,667 | 8,202 | |
Halliburton Co. | 180,965 | 6,642 | |
Ovintiv Inc. (XNYS) | 114,002 | 5,891 | |
ONEOK Inc. | 32,039 | 2,595 | |
Antero Midstream Corp. | 113,156 | 1,658 | |
New Fortress Energy Inc. | 64,824 | 1,643 | |
*,1 | ChargePoint Holdings Inc. | 356,689 | 599 |
143,724 | |||
Financials (2.5%) | |||
Progressive Corp. | 438,988 | 92,706 | |
Blackstone Inc. | 714,661 | 86,117 | |
Marsh & McLennan Cos. Inc. | 397,593 | 82,532 | |
Apollo Global Management Inc. | 522,987 | 60,750 | |
Moody's Corp. | 145,124 | 57,613 | |
Ameriprise Financial Inc. | 100,423 | 43,846 | |
Ares Management Corp. Class A | 167,472 | 23,475 | |
LPL Financial Holdings Inc. | 75,521 | 21,615 | |
Broadridge Financial Solutions Inc. | 98,184 | 19,712 | |
* | NU Holdings Ltd. Class A | 1,604,884 | 19,066 |
MSCI Inc. | 38,491 | 19,060 | |
KKR & Co. Inc. | 163,587 | 16,823 | |
FactSet Research Systems Inc. | 38,460 | 15,548 | |
Equitable Holdings Inc. | 337,556 | 14,005 | |
S&P Global Inc. | 26,385 | 11,280 | |
Kinsale Capital Group Inc. | 21,876 | 8,392 | |
Brown & Brown Inc. | 92,613 | 8,290 | |
Morningstar Inc. | 25,763 | 7,426 | |
MarketAxess Holdings Inc. | 37,144 | 7,389 | |
Ryan Specialty Holdings Inc. | 96,397 | 5,353 | |
* | Arch Capital Group Ltd. | 50,461 | 5,179 |
Primerica Inc. | 22,637 | 5,113 | |
Tradeweb Markets Inc. Class A | 39,859 | 4,345 | |
Willis Towers Watson plc | 12,924 | 3,299 | |
RenaissanceRe Holdings Ltd. | 13,702 | 3,122 | |
Arthur J Gallagher & Co. | 12,122 | 3,071 | |
Everest Group Ltd. | 5,816 | 2,274 | |
First Citizens BancShares Inc. Class A | 1,190 | 2,021 | |
SLM Corp. | 86,168 | 1,849 | |
RLI Corp. | 8,936 | 1,305 | |
Blue Owl Capital Inc. | 67,923 | 1,222 | |
TPG Inc. | 20,739 | 869 | |
* | Rocket Cos. Inc. Class A | 42,272 | 588 |
Lincoln National Corp. | 16,106 | 531 | |
XP Inc. Class A | 26,820 | 509 | |
Houlihan Lokey Inc. | 3,753 | 508 | |
* | Brighthouse Financial Inc. | 6,383 | 284 |
UWM Holdings Corp. | 33,082 | 244 | |
657,331 | |||
Health Care (9.9%) | |||
Eli Lilly & Co. | 848,801 | 696,305 | |
UnitedHealth Group Inc. | 784,072 | 388,406 | |
AbbVie Inc. | 1,769,903 | 285,379 | |
* | Intuitive Surgical Inc. | 350,277 | 140,853 |
Thermo Fisher Scientific Inc. | 238,354 | 135,380 | |
Amgen Inc. | 364,320 | 111,427 | |
* | Vertex Pharmaceuticals Inc. | 236,402 | 107,643 |
Zoetis Inc. | 464,205 | 78,711 | |
Merck & Co. Inc. | 468,748 | 58,847 | |
* | Edwards Lifesciences Corp. | 603,725 | 52,458 |
* | DexCom Inc. | 387,723 | 46,050 |
* | IDEXX Laboratories Inc. | 82,548 | 41,022 |
* | IQVIA Holdings Inc. | 169,085 | 37,045 |
Agilent Technologies Inc. | 238,146 | 31,057 |
Shares | Market Value ($000) | ||
Stryker Corp. | 90,491 | 30,866 | |
ResMed Inc. | 145,529 | 30,027 | |
* | Veeva Systems Inc. Class A | 145,164 | 25,295 |
West Pharmaceutical Services Inc. | 74,179 | 24,584 | |
* | Align Technology Inc. | 76,522 | 19,682 |
Humana Inc. | 53,184 | 19,046 | |
Elevance Health Inc. | 31,609 | 17,021 | |
* | Alnylam Pharmaceuticals Inc. | 100,887 | 14,975 |
HCA Healthcare Inc. | 41,277 | 14,024 | |
* | Neurocrine Biosciences Inc. | 96,803 | 13,108 |
Cardinal Health Inc. | 126,585 | 12,566 | |
* | Insulet Corp. | 69,468 | 12,309 |
*,2 | Shockwave Medical Inc. | 36,304 | 12,162 |
* | Sarepta Therapeutics Inc. | 89,630 | 11,639 |
* | Natera Inc. | 109,019 | 11,614 |
Bio-Techne Corp. | 147,069 | 11,352 | |
Abbott Laboratories | 109,400 | 11,180 | |
* | Molina Healthcare Inc. | 31,496 | 9,908 |
* | Medpace Holdings Inc. | 23,347 | 9,020 |
* | DaVita Inc. | 54,117 | 7,962 |
* | Incyte Corp. | 136,334 | 7,879 |
Cigna Group | 21,349 | 7,357 | |
* | Regeneron Pharmaceuticals Inc. | 7,056 | 6,916 |
* | Penumbra Inc. | 36,369 | 6,891 |
Bruker Corp. | 103,333 | 6,769 | |
Chemed Corp. | 10,612 | 5,883 | |
* | Masimo Corp. | 43,204 | 5,379 |
* | Illumina Inc. | 47,199 | 4,922 |
* | Exelixis Inc. | 226,683 | 4,917 |
* | Inspire Medical Systems Inc. | 29,176 | 4,633 |
* | Ionis Pharmaceuticals Inc. | 122,642 | 4,608 |
* | Apellis Pharmaceuticals Inc. | 101,169 | 3,971 |
* | ICON plc | 12,159 | 3,949 |
* | Repligen Corp. | 24,568 | 3,663 |
* | Roivant Sciences Ltd. | 344,230 | 3,566 |
* | Jazz Pharmaceuticals plc | 31,638 | 3,330 |
* | Ultragenyx Pharmaceutical Inc. | 78,621 | 3,156 |
* | Exact Sciences Corp. | 62,018 | 2,819 |
GE Healthcare Inc. | 31,725 | 2,474 | |
* | Novocure Ltd. | 105,039 | 2,312 |
* | Globus Medical Inc. Class A | 33,673 | 2,260 |
* | 10X Genomics Inc. Class A | 91,918 | 2,061 |
* | BioMarin Pharmaceutical Inc. | 22,064 | 1,656 |
* | agilon health Inc. | 259,538 | 1,635 |
* | Doximity Inc. Class A | 49,204 | 1,364 |
* | Sotera Health Co. | 87,124 | 974 |
* | Certara Inc. | 43,210 | 732 |
Encompass Health Corp. | 6,657 | 575 | |
* | Maravai LifeSciences Holdings Inc. Class A | 63,670 | 552 |
* | Tandem Diabetes Care Inc. | 8,812 | 451 |
* | Ginkgo Bioworks Holdings Inc. | 146,261 | 77 |
2,636,654 | |||
Industrials (9.1%) | |||
Visa Inc. Class A | 1,599,921 | 435,914 | |
Mastercard Inc. Class A | 832,770 | 372,307 | |
Accenture plc Class A | 633,750 | 178,901 | |
Caterpillar Inc. | 383,799 | 129,924 | |
Lockheed Martin Corp. | 216,344 | 101,755 | |
Deere & Co. | 241,637 | 90,556 | |
Automatic Data Processing Inc. | 355,884 | 87,163 | |
* | PayPal Holdings Inc. | 979,611 | 61,706 |
Union Pacific Corp. | 261,658 | 60,919 | |
Sherwin-Williams Co. | 198,680 | 60,359 | |
Illinois Tool Works Inc. | 244,670 | 59,394 | |
Cintas Corp. | 77,296 | 52,404 | |
American Express Co. | 190,826 | 45,798 | |
WW Grainger Inc. | 44,259 | 40,783 | |
Paychex Inc. | 323,010 | 38,813 | |
Verisk Analytics Inc. | 143,021 | 36,153 |
Shares | Market Value ($000) | ||
Old Dominion Freight Line Inc. | 184,119 | 32,267 | |
* | Fair Isaac Corp. | 24,286 | 31,327 |
* | Mettler-Toledo International Inc. | 21,449 | 30,116 |
Rockwell Automation Inc. | 115,182 | 29,663 | |
United Parcel Service Inc. Class B (XNYS) | 201,216 | 27,955 | |
* | Fiserv Inc. | 164,270 | 24,601 |
Trane Technologies plc | 67,315 | 22,043 | |
* | Axon Enterprise Inc. | 70,512 | 19,861 |
Equifax Inc. | 84,520 | 19,557 | |
Booz Allen Hamilton Holding Corp. | 128,426 | 19,548 | |
* | Waters Corp. | 58,685 | 18,128 |
* | Corpay Inc. | 65,515 | 17,536 |
Honeywell International Inc. | 86,110 | 17,411 | |
* | Boeing Co. | 77,119 | 13,697 |
* | Block Inc. (XNYS) | 205,681 | 13,180 |
HEICO Corp. Class A | 73,433 | 12,899 | |
TransDigm Group Inc. | 9,045 | 12,150 | |
Advanced Drainage Systems Inc. | 67,075 | 11,637 | |
Quanta Services Inc. | 37,882 | 10,453 | |
Lincoln Electric Holdings Inc. | 52,286 | 10,267 | |
Allegion plc | 81,325 | 9,907 | |
Hubbell Inc. | 24,485 | 9,522 | |
* | Trex Co. Inc. | 108,806 | 9,410 |
United Rentals Inc. | 13,900 | 9,305 | |
HEICO Corp. | 40,492 | 8,980 | |
Toro Co. | 104,326 | 8,366 | |
PPG Industries Inc. | 59,097 | 7,766 | |
CH Robinson Worldwide Inc. | 89,788 | 7,755 | |
Vulcan Materials Co. | 29,176 | 7,462 | |
CSX Corp. | 219,746 | 7,416 | |
EMCOR Group Inc. | 16,070 | 6,246 | |
* | Keysight Technologies Inc. | 44,775 | 6,200 |
* | Paylocity Holding Corp. | 42,048 | 5,978 |
Graco Inc. | 68,377 | 5,521 | |
Eagle Materials Inc. | 22,488 | 5,226 | |
Landstar System Inc. | 28,482 | 5,185 | |
Graphic Packaging Holding Co. | 163,072 | 4,618 | |
Watsco Inc. | 8,457 | 4,016 | |
Xylem Inc. | 28,246 | 3,983 | |
Jack Henry & Associates Inc. | 23,072 | 3,800 | |
Donaldson Co. Inc. | 50,232 | 3,701 | |
Northrop Grumman Corp. | 8,165 | 3,681 | |
* | WEX Inc. | 19,594 | 3,670 |
* | Shift4 Payments Inc. Class A | 53,670 | 3,611 |
Sealed Air Corp. | 79,585 | 3,093 | |
* | Zebra Technologies Corp. Class A | 9,292 | 2,902 |
RPM International Inc. | 24,289 | 2,723 | |
JB Hunt Transport Services Inc. | 16,271 | 2,616 | |
* | Euronet Worldwide Inc. | 21,821 | 2,544 |
Otis Worldwide Corp. | 24,437 | 2,424 | |
Expeditors International of Washington Inc. | 19,557 | 2,364 | |
Ferguson plc | 11,146 | 2,293 | |
Vontier Corp. | 52,584 | 2,102 | |
Tetra Tech Inc. | 9,678 | 2,027 | |
* | WillScot Mobile Mini Holdings Corp. | 46,972 | 1,852 |
Armstrong World Industries Inc. | 12,795 | 1,482 | |
Genpact Ltd. | 44,050 | 1,456 | |
BWX Technologies Inc. | 15,661 | 1,443 | |
* | FTI Consulting Inc. | 6,219 | 1,336 |
IDEX Corp. | 6,176 | 1,289 | |
* | Saia Inc. | 2,954 | 1,210 |
MSA Safety Inc. | 6,285 | 1,131 | |
A O Smith Corp. | 12,935 | 1,082 | |
* | TopBuild Corp. | 2,084 | 871 |
* | Axalta Coating Systems Ltd. | 23,643 | 841 |
Western Union Co. | 54,026 | 692 | |
Allison Transmission Holdings Inc. | 8,620 | 654 | |
Ardagh Metal Packaging SA | 133,465 | 527 | |
Brunswick Corp. | 5,450 | 450 | |
* | Spirit AeroSystems Holdings Inc. Class A | 11,854 | 359 |
Shares | Market Value ($000) | ||
Valmont Industries Inc. | 1,393 | 350 | |
2,440,583 | |||
Real Estate (0.8%) | |||
American Tower Corp. | 466,899 | 91,391 | |
Equinix Inc. | 46,995 | 35,856 | |
Public Storage | 91,264 | 24,991 | |
* | CoStar Group Inc. | 174,258 | 13,622 |
Iron Mountain Inc. | 143,648 | 11,591 | |
Simon Property Group Inc. | 70,903 | 10,728 | |
Lamar Advertising Co. Class A | 67,135 | 7,929 | |
Crown Castle Inc. | 45,946 | 4,709 | |
Equity LifeStyle Properties Inc. | 58,126 | 3,649 | |
Sun Communities Inc. | 26,822 | 3,165 | |
SBA Communications Corp. | 10,939 | 2,151 | |
UDR Inc. | 18,415 | 711 | |
210,493 | |||
Technology (55.2%) | |||
Microsoft Corp. | 7,464,596 | 3,098,778 | |
Apple Inc. | 14,627,704 | 2,812,176 | |
NVIDIA Corp. | 2,383,244 | 2,612,822 | |
Meta Platforms Inc. Class A | 2,218,505 | 1,035,665 | |
* | Alphabet Inc. Class A | 5,960,073 | 1,028,113 |
* | Alphabet Inc. Class C | 5,034,574 | 875,815 |
Broadcom Inc. | 432,408 | 574,476 | |
* | Adobe Inc. | 452,856 | 201,412 |
QUALCOMM Inc. | 975,709 | 199,093 | |
Salesforce Inc. | 707,751 | 165,925 | |
Intuit Inc. | 273,991 | 157,939 | |
* | Advanced Micro Devices Inc. | 914,764 | 152,674 |
Applied Materials Inc. | 708,138 | 152,306 | |
* | ServiceNow Inc. | 204,201 | 134,146 |
Lam Research Corp. | 124,995 | 116,550 | |
KLA Corp. | 135,605 | 102,996 | |
* | Palo Alto Networks Inc. | 306,140 | 90,284 |
* | Synopsys Inc. | 152,335 | 85,429 |
* | Cadence Design Systems Inc. | 271,084 | 77,614 |
Oracle Corp. | 635,988 | 74,531 | |
Texas Instruments Inc. | 371,466 | 72,440 | |
* | Crowdstrike Holdings Inc. Class A | 213,966 | 67,115 |
* | Autodesk Inc. | 215,463 | 43,437 |
* | Snowflake Inc. Class A | 315,218 | 42,926 |
* | Workday Inc. Class A | 201,245 | 42,553 |
* | Palantir Technologies Inc. Class A | 1,930,033 | 41,843 |
Amphenol Corp. Class A | 293,974 | 38,913 | |
* | Fortinet Inc. | 644,931 | 38,257 |
Microchip Technology Inc. | 379,714 | 36,920 | |
Monolithic Power Systems Inc. | 46,058 | 33,882 | |
* | Gartner Inc. | 75,754 | 31,792 |
* | Datadog Inc. Class A | 279,189 | 30,761 |
CDW Corp. | 127,608 | 28,536 | |
* | HubSpot Inc. | 46,460 | 28,389 |
* | DoorDash Inc. Class A | 243,330 | 26,793 |
* | Atlassian Corp. Class A | 155,396 | 24,375 |
* | Pinterest Inc. Class A | 586,578 | 24,337 |
* | ANSYS Inc. | 71,770 | 22,783 |
* | Cloudflare Inc. Class A | 294,600 | 19,941 |
Teradyne Inc. | 128,654 | 18,133 | |
* | MongoDB Inc. | 67,845 | 16,016 |
* | Tyler Technologies Inc. | 31,532 | 15,147 |
* | Zscaler Inc. | 88,699 | 15,075 |
* | Pure Storage Inc. Class A | 226,025 | 13,627 |
* | Manhattan Associates Inc. | 61,752 | 13,557 |
* | GoDaddy Inc. Class A | 85,510 | 11,940 |
* | Dynatrace Inc. | 258,780 | 11,834 |
* | DocuSign Inc. | 202,720 | 11,097 |
* | PTC Inc. | 60,047 | 10,583 |
* | Lattice Semiconductor Corp. | 136,535 | 10,136 |
* | EPAM Systems Inc. | 55,734 | 9,917 |
NetApp Inc. | 82,166 | 9,895 |
Shares | Market Value ($000) | ||
Jabil Inc. | 78,498 | 9,333 | |
Bentley Systems Inc. Class B | 180,724 | 9,080 | |
* | Toast Inc. Class A | 367,574 | 8,906 |
* | Elastic NV | 80,481 | 8,374 |
Paycom Software Inc. | 51,784 | 7,525 | |
* | Match Group Inc. | 245,076 | 7,507 |
* | Globant SA | 41,336 | 6,660 |
HP Inc. | 176,568 | 6,445 | |
* | Procore Technologies Inc. | 79,663 | 5,348 |
* | Dropbox Inc. Class A | 227,102 | 5,117 |
* | Confluent Inc. Class A | 191,782 | 4,981 |
* | Smartsheet Inc. Class A | 128,061 | 4,738 |
* | Gitlab Inc. Class A | 91,001 | 4,294 |
* | AppLovin Corp. Class A | 51,675 | 4,211 |
Universal Display Corp. | 21,132 | 3,713 | |
* | UiPath Inc. Class A | 292,177 | 3,582 |
* | Five9 Inc. | 72,327 | 3,382 |
* | Nutanix Inc. Class A | 59,083 | 3,268 |
KBR Inc. | 48,712 | 3,198 | |
* | Teradata Corp. | 97,275 | 3,172 |
* | RingCentral Inc. Class A | 83,675 | 2,862 |
* | DoubleVerify Holdings Inc. | 140,808 | 2,563 |
Vertiv Holdings Co. Class A | 25,067 | 2,458 | |
Pegasystems Inc. | 41,967 | 2,411 | |
* | Allegro MicroSystems Inc. | 75,043 | 2,262 |
* | HashiCorp Inc. Class A | 66,581 | 2,236 |
Gen Digital Inc. (XNGS) | 86,496 | 2,148 | |
* | Unity Software Inc. | 114,862 | 2,099 |
* | ZoomInfo Technologies Inc. | 155,765 | 1,913 |
* | Twilio Inc. Class A | 27,972 | 1,606 |
Entegris Inc. | 7,815 | 987 | |
* | Okta Inc. | 9,798 | 869 |
* | VeriSign Inc. | 4,773 | 832 |
* | Dayforce Inc. | 12,845 | 635 |
* | SentinelOne Inc. Class A | 32,158 | 541 |
* | Maplebear Inc. | 14,701 | 448 |
* | Paycor HCM Inc. | 29,428 | 364 |
* | nCino Inc. | 6,302 | 192 |
* | Informatica Inc. Class A | 3,498 | 101 |
14,752,055 | |||
Telecommunications (0.6%) | |||
* | Arista Networks Inc. | 251,409 | 74,832 |
Motorola Solutions Inc. | 152,387 | 55,608 | |
* | Charter Communications Inc. Class A | 100,976 | 28,992 |
Iridium Communications Inc. | 114,917 | 3,460 | |
* | Liberty Broadband Corp. Class C | 24,058 | 1,301 |
* | Roku Inc. | 15,514 | 890 |
Ubiquiti Inc. | 3,534 | 506 | |
* | Liberty Broadband Corp. Class A | 3,535 | 192 |
Cable One Inc. | 411 | 159 | |
165,940 | |||
Utilities (0.4%) | |||
Waste Management Inc. | 366,595 | 77,253 | |
Vistra Corp. | 103,043 | 10,209 |
Shares | Market Value ($000) | ||
AES Corp. | 409,158 | 8,834 | |
96,296 | |||
Total Common Stocks (Cost $17,589,929) | 26,712,613 | ||
Temporary Cash Investments (0.0%) | |||
Money Market Fund (0.0%) | |||
3,4 | Vanguard Market Liquidity Fund, 5.397% (Cost $8,370) | 83,710 | 8,370 |
Total Investments (99.9%) (Cost $17,598,299) | 26,720,983 | ||
Other Assets and Liabilities—Net (0.1%) | 18,068 | ||
Net Assets (100%) | 26,739,051 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $912,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Collateral of $979,000 was received for securities on loan. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | June 2024 | 146 | 38,657 | 53 |
A. | Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. |
B. | Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 26,700,451 | — | 12,162 | 26,712,613 |
Temporary Cash Investments | 8,370 | — | — | 8,370 |
Total | 26,708,821 | — | 12,162 | 26,720,983 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 53 | — | — | 53 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |