NPORT-EX 2 vg_extendmrktindxfund.htm
Vanguard® Extended Market Index Fund
Schedule of Investments (unaudited)
As of March 31, 2024
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
          Shares Market
Value
($000)
Common Stocks (99.6%)
Communication Services (3.7%)
* Trade Desk Inc. Class A  6,671,691     583,239
* Pinterest Inc. Class A  8,909,650     308,898
* ROBLOX Corp. Class A  7,398,337     282,469
* Liberty Media Corp.-Liberty Formula One Class C  3,158,644     207,207
* Snap Inc. Class A 15,476,869     177,674
* Roku Inc. Class A  1,872,542     122,034
  New York Times Co. Class A  2,444,613     105,656
* Liberty Broadband Corp. Class C  1,745,719      99,907
  Nexstar Media Group Inc. Class A    482,348      83,104
* Frontier Communications Parent Inc.  3,312,853      81,165
  TKO Group Holdings Inc. Class A    899,135      77,694
  Endeavor Group Holdings Inc. Class A  2,791,048      71,814
* ZoomInfo Technologies Inc. Class A 4,440,879 71,187
* Liberty Media Corp.-Liberty SiriusXM 2,377,232 70,628
1 Warner Music Group Corp. Class A 2,102,072 69,410
* Liberty Global Ltd. Class C 3,789,807 66,852
* IAC Inc. 1,041,618 55,560
  Iridium Communications Inc. 1,852,051 48,450
* Madison Square Garden Sports Corp. 249,758 46,085
* TripAdvisor Inc. 1,618,689 44,983
  TEGNA Inc. 2,929,265 43,763
* Ziff Davis Inc. 686,862 43,300
  Cogent Communications Holdings Inc. 625,933 40,892
* Liberty Media Corp.-Liberty SiriusXM Class A 1,376,008 40,867
* Yelp Inc. Class A 1,023,374 40,321
* Liberty Media Corp.-Liberty Live Class C 714,632 31,315
* Cargurus Inc. Class A 1,279,097 29,522
  Cable One Inc. 68,032 28,786
* Cinemark Holdings Inc. 1,589,751 28,568
* Liberty Global Ltd. Class A 1,647,395 27,874
* EchoStar Corp. Class A 1,803,737 25,703
  John Wiley & Sons Inc. Class A 644,387 24,570
* Madison Square Garden Entertainment Corp. Class A 616,745 24,183
  Telephone & Data Systems Inc. 1,470,760 23,562
* Lumen Technologies Inc. 15,086,843 23,535
* Magnite Inc. 1,806,598 19,421
* Sphere Entertainment Co. 395,199 19,396
* Atlanta Braves Holdings Inc. Class C 452,195 17,663
* Liberty Media Corp.-Liberty Formula One Class A 298,980 17,562
* Bumble Inc. Class A 1,494,738 16,965
* Lions Gate Entertainment Corp. Class B 1,760,045 16,386

          Shares Market
Value
($000)
  Shutterstock Inc.    356,609      16,336
* Globalstar Inc. 10,943,273      16,087
* Cars.com Inc.    917,396      15,761
1 Sirius XM Holdings Inc.  3,946,060      15,311
*,1 AMC Entertainment Holdings Inc. Class A  4,037,044      15,018
* PubMatic Inc. Class A    617,111      14,638
  Scholastic Corp.    384,011      14,481
* QuinStreet Inc.    777,337      13,728
  Shenandoah Telecommunications Co.    758,966      13,183
* ZipRecruiter Inc. Class A  1,129,811      12,982
* Liberty Broadband Corp. Class A    226,580      12,942
* TechTarget Inc.    383,703      12,693
* Liberty Media Corp.-Liberty Live Class A    283,835      12,020
* Liberty Latin America Ltd. Class C  1,659,698      11,601
* Lions Gate Entertainment Corp. Class A 1,163,909 11,581
*,1 Atlanta Braves Holdings Inc. Class A 265,691 11,132
  IDT Corp. Class B 279,333 10,562
* Thryv Holdings Inc. 472,051 10,494
* Stagwell Inc. Class A 1,610,430 10,017
* Anterix Inc. 296,274 9,958
* Vimeo Inc. 2,432,415 9,949
* Integral Ad Science Holding Corp. 992,878 9,899
*,1 Rumble Inc. 1,177,718 9,516
* Altice USA Inc. Class A 3,450,052 9,005
* Clear Channel Outdoor Holdings Inc. 5,417,648 8,939
* Cardlytics Inc. 581,160 8,421
* Gogo Inc. 930,786 8,172
* United States Cellular Corp. 206,768 7,547
  Gray Television Inc. 1,193,160 7,541
  Sinclair Inc. 555,259 7,479
* National CineMedia Inc. 1,452,325 7,479
  Playtika Holding Corp. 1,040,051 7,332
* fuboTV Inc. 4,415,219 6,976
* Eventbrite Inc. Class A 1,259,489 6,902
* Advantage Solutions Inc. 1,446,809 6,265
* MediaAlpha Inc. Class A 304,121 6,195
*,1 AST SpaceMobile Inc. Class A 2,081,898 6,037
* Bandwidth Inc. Class A 326,646 5,965
* EverQuote Inc. Class A 315,808 5,861
* Gannett Co. Inc. 2,366,601 5,775
  Marcus Corp. 393,779 5,615
* Liberty Latin America Ltd. Class A 795,778 5,547
* AMC Networks Inc. Class A 446,938 5,421
* Vivid Seats Inc. Class A 902,607 5,407
  ATN International Inc. 170,116 5,360
* Daily Journal Corp. 14,420 5,214
* Nextdoor Holdings Inc. 2,277,999 5,125
  Spok Holdings Inc. 318,385 5,078
* Consolidated Communications Holdings Inc. 1,155,404 4,991
* Boston Omaha Corp. Class A 317,774 4,913
* Playstudios Inc. 1,348,026 3,748
* TrueCar Inc. 1,100,996 3,732
* EW Scripps Co. Class A 934,720 3,673
* Reservoir Media Inc. 461,072 3,656
* iHeartMedia Inc. Class A 1,617,525 3,381
* Innovid Corp. 1,231,331 3,066
* Angi Inc. Class A 1,135,955 2,976
*,1 Grindr Inc. 291,637 2,954

          Shares Market
Value
($000)
* Ooma Inc.    343,937       2,934
* WideOpenWest Inc.    773,783       2,801
*,1 Getty Images Holdings Inc.    584,801       2,427
* Emerald Holding Inc.    331,961       2,261
* LiveOne Inc.  1,055,924       2,059
* Outbrain Inc.    475,801       1,879
* AdTheorent Holding Co. Inc.    569,797       1,829
  Townsquare Media Inc. Class A    156,131       1,714
  Saga Communications Inc. Class A     69,605       1,553
* DHI Group Inc.    571,362       1,457
  Entravision Communications Corp. Class A    853,836       1,400
*,1 Skillz Inc. Class A    202,677       1,315
* Travelzoo    106,066       1,080
*,1 PSQ Holdings Inc.    199,860       1,075
* Reddit Inc. Class A 20,672 1,020
* Golden Matrix Group Inc. 331,440 948
* Lee Enterprises Inc. 69,387 925
* Cumulus Media Inc. Class A 227,161 816
* Harte Hanks Inc. 101,383 758
* comScore Inc. 49,239 758
*,1 Direct Digital Holdings Inc. Class A 45,658 696
*,1,2 NII Holdings Inc. 1,297,367 649
*,1 Kartoon Studios Inc. 445,651 611
* Gaia Inc. Class A 194,494 599
* Urban One Inc. Class A 221,694 599
* Marchex Inc. Class B 400,912 549
* System1 Inc. 272,695 534
* Reading International Inc. Class A 253,566 467
* SurgePays Inc. 121,222 467
* IZEA Worldwide Inc. 196,466 454
* Zedge Inc. Class B 160,996 446
* CuriosityStream Inc. 392,619 420
* Fundamental Global Inc. 296,968 410
*,1 KORE Group Holdings Inc. 438,008 345
* Fluent Inc. 639,548 315
* Paltalk Inc. 99,785 307
*,1 BuzzFeed Inc. Class A 511,739 239
*,1 Arena Group Holdings Inc. 201,260 237
* Creative Realities Inc. 55,459 209
* Lendway Inc. 31,737 188
* Urban One Inc. 78,788 161
*,1 Stran & Co. Inc. 106,525 156
  DallasNews Corp. 40,189 154
*,1 Loop Media Inc. 420,454 154
* Dolphin Entertainment Inc. 90,154 132
*,1 Cineverse Corp. 94,400 131
* SPAR Group Inc. 120,632 117
* PodcastOne Inc. 45,954 96
*,1 Leafly Holdings Inc. 18,287 54
* Beasley Broadcast Group Inc. Class A 66,912 52
* Super League Enterprise Inc. 20,785 45
* NextPlat Corp. 26,703 41
* Collective Audience Inc. 57,900 36
*,1 Reading International Inc. Class B 1,884 27
* NextPlay Technologies Inc. 39,607 26
*,1 Chicken Soup For The Soul Entertainment Inc. Class A 158,744 25
* Motorsport Games Inc. Class A 10,638 22
* Society Pass Inc. 96,225 15

          Shares Market
Value
($000)
* Snail Inc. Class A     11,787          12
*,1 Asset Entities Inc. Class B      9,300           7
* Moving Image Technologies Inc.      3,471           2
*,1 Treasure Global Inc.        174           1
* Grom Social Enterprises Inc.        177          —
            3,791,023
Consumer Discretionary (11.4%)
* DoorDash Inc. Class A  4,542,158     625,546
* DraftKings Inc. Class A  6,971,618     316,581
  Williams-Sonoma Inc.    957,688     304,095
* Burlington Stores Inc.    957,787     222,389
* TopBuild Corp.    471,026     207,595
* Floor & Decor Holdings Inc. Class A  1,595,768     206,843
  Toll Brothers Inc.  1,542,206     199,515
  Dick's Sporting Goods Inc. 870,215 195,677
  Service Corp. International 2,207,519 163,820
  Wingstop Inc. 439,735 161,119
  Texas Roadhouse Inc. Class A 995,251 153,736
* Five Below Inc. 826,780 149,961
  Tempur Sealy International Inc. 2,568,559 145,946
* Light & Wonder Inc. 1,348,127 137,630
*,1 Carvana Co. Class A 1,534,367 134,886
  Autoliv Inc. 1,097,870 132,216
* Crocs Inc. 906,397 130,340
  Aramark 3,922,210 127,550
  Vail Resorts Inc. 568,639 126,710
  Gentex Corp. 3,487,271 125,960
  Churchill Downs Inc. 1,015,860 125,713
  PVH Corp. 891,182 125,309
  Lithia Motors Inc. Class A 410,691 123,561
  Lear Corp. 852,136 123,457
* Skechers USA Inc. Class A 1,997,112 122,343
  Murphy USA Inc. 282,075 118,246
* Duolingo Inc. Class A 535,784 118,183
*,1 Rivian Automotive Inc. Class A 10,097,984 110,573
  Hyatt Hotels Corp. Class A 661,584 105,602
* Mattel Inc. 5,275,147 104,501
  H&R Block Inc. 2,087,582 102,521
* Taylor Morrison Home Corp. Class A 1,604,072 99,725
  Brunswick Corp. 1,025,662 98,997
  Whirlpool Corp. 821,367 98,260
* Bright Horizons Family Solutions Inc. 864,787 98,032
  Meritage Homes Corp. 544,795 95,590
  Wyndham Hotels & Resorts Inc. 1,242,085 95,330
* Abercrombie & Fitch Co. Class A 753,979 94,496
  Thor Industries Inc. 798,361 93,680
  Installed Building Products Inc. 350,630 90,719
  Gap Inc. 3,219,297 88,692
* Valvoline Inc. 1,939,693 86,452
* Wayfair Inc. Class A 1,251,903 84,979
  Harley-Davidson Inc. 1,899,635 83,090
  Macy's Inc. 4,101,163 81,982
* Planet Fitness Inc. Class A 1,279,921 80,161
* RH 229,063 79,773
  Polaris Inc. 794,956 79,591
* Capri Holdings Ltd. 1,727,619 78,261
  KB Home 1,090,627 77,304
  Advance Auto Parts Inc. 884,115 75,229

          Shares Market
Value
($000)
  Academy Sports & Outdoors Inc.  1,109,142      74,911
* Modine Manufacturing Co.    781,706      74,411
* Ollie's Bargain Outlet Holdings Inc.    924,957      73,599
* Asbury Automotive Group Inc.    307,598      72,525
  American Eagle Outfitters Inc.  2,778,916      71,668
  Boyd Gaming Corp.  1,039,337      69,968
* Skyline Champion Corp.    802,983      68,262
  Signet Jewelers Ltd.    662,455      66,292
* AutoNation Inc.    388,136      64,268
* Grand Canyon Education Inc.    440,930      60,059
* Shake Shack Inc. Class A    560,853      58,346
* Goodyear Tire & Rubber Co.  4,247,817      58,323
  Group 1 Automotive Inc.    198,098      57,890
* M/I Homes Inc.    415,003      56,561
* Tri Pointe Homes Inc. 1,443,053 55,788
  MDC Holdings Inc. 875,099 55,052
  Marriott Vacations Worldwide Corp. 493,546 53,170
  Travel + Leisure Co. 1,080,891 52,920
*,1 GameStop Corp. Class A 4,020,333 50,335
* Hilton Grand Vacations Inc. 1,065,330 50,294
* YETI Holdings Inc. 1,299,261 50,087
* Visteon Corp. 416,827 49,023
  Kohl's Corp. 1,655,027 48,244
  Penske Automotive Group Inc. 291,954 47,294
  Wendy's Co. 2,495,633 47,018
  LCI Industries 379,063 46,648
1 Choice Hotels International Inc. 368,865 46,606
  Carter's Inc. 549,518 46,533
* Cavco Industries Inc. 115,731 46,184
  Newell Brands Inc. 5,729,546 46,008
  Kontoor Brands Inc. 747,484 45,036
* Adient plc 1,360,032 44,772
  Steven Madden Ltd. 1,045,264 44,194
  Red Rock Resorts Inc. Class A 729,225 43,622
* Boot Barn Holdings Inc. 452,642 43,069
  Columbia Sportswear Co. 516,488 41,929
* Dorman Products Inc. 425,117 40,977
* Helen of Troy Ltd. 355,159 40,929
  Graham Holdings Co. Class B 53,309 40,924
  Century Communities Inc. 421,086 40,635
* Penn Entertainment Inc. 2,225,926 40,534
* Frontdoor Inc. 1,186,582 38,659
  Leggett & Platt Inc. 1,997,331 38,249
* Stride Inc. 593,123 37,396
  Bloomin' Brands Inc. 1,294,330 37,121
  Patrick Industries Inc. 309,085 36,926
*,1 Mobileye Global Inc. Class A 1,147,226 36,883
* Urban Outfitters Inc. 845,884 36,728
* LGI Homes Inc. 305,804 35,586
* Sonos Inc. 1,849,439 35,250
  Foot Locker Inc. 1,225,373 34,923
* Sweetgreen Inc. Class A 1,371,830 34,652
* Topgolf Callaway Brands Corp. 2,130,307 34,447
* Dutch Bros Inc. Class A 1,039,865 34,316
  Strategic Education Inc. 327,443 34,093
* Fox Factory Holding Corp. 636,559 33,146
*,1 Lucid Group Inc. 11,550,928 32,920
* Brinker International Inc. 660,113 32,794

          Shares Market
Value
($000)
*,1 QuantumScape Corp. Class A  5,208,455      32,761
  Papa John's International Inc.    489,016      32,568
  Winnebago Industries Inc.    433,636      32,089
* Hanesbrands Inc.  5,270,058      30,566
* Adtalem Global Education Inc.    593,007      30,481
  Levi Strauss & Co. Class A  1,522,159      30,428
* United Parks & Resorts Inc.    533,425      29,984
* Dave & Buster's Entertainment Inc.    478,789      29,972
  Acushnet Holdings Corp.    453,612      29,916
  Nordstrom Inc.  1,448,933      29,370
  Laureate Education Inc.  2,008,570      29,265
* Gentherm Inc.    495,122      28,509
* Vista Outdoor Inc.    865,892      28,384
* Six Flags Entertainment Corp.  1,077,958      28,372
  Worthington Enterprises Inc. 455,272 28,332
* Under Armour Inc. Class C 3,950,995 28,210
  ADT Inc. 4,032,294 27,097
  Phinia Inc. 701,351 26,953
* ODP Corp. 501,704 26,615
* National Vision Holdings Inc. 1,172,444 25,981
  Cheesecake Factory Inc. 694,323 25,100
  Oxford Industries Inc. 220,532 24,788
* Beyond Inc. 678,527 24,366
  Dana Inc. 1,916,989 24,346
  La-Z-Boy Inc. 646,539 24,323
1 Dillard's Inc. Class A 51,532 24,305
1 Cracker Barrel Old Country Store Inc. 330,570 24,042
* Chewy Inc. Class A 1,487,417 23,665
  Upbound Group Inc. 667,518 23,503
* Green Brick Partners Inc. 378,312 22,786
* Victoria's Secret & Co. 1,158,915 22,460
* Coursera Inc. 1,590,777 22,303
* Peloton Interactive Inc. Class A 5,190,566 22,242
* Garrett Motion Inc. 2,099,244 20,867
  Caleres Inc. 507,072 20,805
  Jack in the Box Inc. 287,962 19,720
1 Krispy Kreme Inc. 1,262,879 19,240
* Sally Beauty Holdings Inc. 1,524,783 18,938
* Leslie's Inc. 2,767,709 17,990
  Buckle Inc. 441,109 17,763
1 Camping World Holdings Inc. Class A 630,601 17,562
* G-III Apparel Group Ltd. 605,338 17,561
* OneSpaWorld Holdings Ltd. 1,322,928 17,502
  Perdoceo Education Corp. 983,137 17,264
* XPEL Inc. 319,075 17,236
* Vizio Holding Corp. Class A 1,511,724 16,538
*,1 Cava Group Inc. 221,653 15,527
  Winmark Corp. 42,558 15,393
* Warby Parker Inc. Class A 1,130,013 15,379
* Playa Hotels & Resorts NV 1,546,694 15,003
* Dream Finders Homes Inc. Class A 342,538 14,979
  Monarch Casino & Resort Inc. 199,402 14,953
* Udemy Inc. 1,326,411 14,564
* Sabre Corp. 5,721,340 13,846
  Wolverine World Wide Inc. 1,218,868 13,664
  Monro Inc. 433,058 13,659
* Life Time Group Holdings Inc. 875,638 13,590
* Malibu Boats Inc. Class A 310,866 13,454

          Shares Market
Value
($000)
  Hibbett Inc.    173,868      13,355
* Beazer Homes USA Inc.    407,052      13,351
* Everi Holdings Inc.  1,305,415      13,119
* Under Armour Inc. Class A  1,764,944      13,025
* American Axle & Manufacturing Holdings Inc.  1,755,232      12,919
  Guess? Inc.    408,268      12,848
* Revolve Group Inc. Class A    602,469      12,754
  Sonic Automotive Inc. Class A    221,163      12,593
  Sturm Ruger & Co. Inc.    271,946      12,550
* BJ's Restaurants Inc.    345,661      12,506
  Smith & Wesson Brands Inc.    719,200      12,485
  Ethan Allen Interiors Inc.    347,406      12,010
  Golden Entertainment Inc.    320,483      11,803
* Chegg Inc.  1,549,945      11,733
* Hovnanian Enterprises Inc. Class A 72,331 11,352
  Dine Brands Global Inc. 238,767 11,098
*,1 Mister Car Wash Inc. 1,357,332 10,519
  Shoe Carnival Inc. 279,510 10,241
* Portillo's Inc. Class A 718,505 10,188
* MarineMax Inc. 301,237 10,019
* Universal Technical Institute Inc. 614,060 9,788
  Standard Motor Products Inc. 286,630 9,616
* Kura Sushi USA Inc. Class A 82,846 9,541
  Arhaus Inc. Class A 617,705 9,506
* Accel Entertainment Inc. Class A 789,573 9,309
* Figs Inc. Class A 1,861,720 9,271
* First Watch Restaurant Group Inc. 367,812 9,056
* Stoneridge Inc. 447,979 8,261
*,1 Luminar Technologies Inc. Class A 4,122,547 8,121
* Chuy's Holdings Inc. 238,881 8,057
1 Bowlero Corp. Class A 563,847 7,725
  RCI Hospitality Holdings Inc. 132,783 7,701
  Haverty Furniture Cos. Inc. 215,089 7,339
  Designer Brands Inc. Class A 647,946 7,082
* European Wax Center Inc. Class A 542,551 7,042
* Denny's Corp. 769,239 6,892
  Arko Corp. 1,154,683 6,582
* Savers Value Village Inc. 334,254 6,444
  Movado Group Inc. 230,206 6,430
* Qurate Retail Inc. Class A 5,141,047 6,324
* Rush Street Interactive Inc. 951,927 6,197
* Bally's Corp. 437,559 6,100
* Xponential Fitness Inc. Class A 363,187 6,007
  Build-A-Bear Workshop Inc. 196,906 5,882
* America's Car-Mart Inc. 90,635 5,789
* MasterCraft Boat Holdings Inc. 232,460 5,514
*,1 RealReal Inc. 1,402,431 5,484
* Sleep Number Corp. 324,309 5,199
* Lovesac Co. 228,850 5,172
* Lindblad Expeditions Holdings Inc. 553,662 5,166
*,1 Groupon Inc. Class A 385,137 5,138
* PlayAGS Inc. 561,286 5,040
  Carrols Restaurant Group Inc. 518,311 4,929
* OneWater Marine Inc. Class A 168,784 4,751
  Johnson Outdoors Inc. Class A 102,223 4,714
  Carriage Services Inc. Class A 170,926 4,622
*,1 Global Business Travel Group I 753,364 4,528
* GoPro Inc. Class A 2,003,127 4,467

          Shares Market
Value
($000)
* 1-800-Flowers.com Inc. Class A    412,357       4,466
* Genesco Inc.    156,805       4,413
* Target Hospitality Corp.    403,910       4,391
* El Pollo Loco Holdings Inc.    436,875       4,255
* Potbelly Corp.    349,292       4,230
* Cooper-Standard Holdings Inc.    253,931       4,205
* Smith Douglas Homes Corp. Class A    140,160       4,163
* Lincoln Educational Services Corp.    394,555       4,076
* American Public Education Inc.    285,113       4,049
  Hooker Furnishings Corp.    168,196       4,038
* Inspired Entertainment Inc.    390,783       3,853
* Zumiez Inc.    248,173       3,770
* Stitch Fix Inc. Class A  1,427,670       3,769
*,1 EVgo Inc. Class A  1,496,196       3,755
*,1 iRobot Corp. 416,500 3,649
  Aaron's Co. Inc. 485,833 3,644
*,1 Solid Power Inc. 1,792,481 3,639
* AMMO Inc. 1,264,210 3,477
  Cricut Inc. Class A 723,353 3,443
*,1 Soho House & Co. Inc. Class A 606,096 3,437
* Citi Trends Inc. 125,362 3,401
* Holley Inc. 744,597 3,321
* Funko Inc. Class A 520,314 3,247
* Tile Shop Holdings Inc. 430,452 3,026
  Nathan's Famous Inc. 40,172 2,844
  Weyco Group Inc. 88,774 2,830
* Destination XL Group Inc. 784,133 2,823
* Nerdy Inc. 965,453 2,809
* Petco Health & Wellness Co. Inc. Class A 1,230,781 2,806
  Rocky Brands Inc. 103,347 2,804
  Clarus Corp. 403,456 2,723
* JAKKS Pacific Inc. 108,924 2,690
* Landsea Homes Corp. 180,960 2,629
  Hamilton Beach Brands Holding Co. Class A 107,187 2,611
* Full House Resorts Inc. 464,696 2,588
* Vera Bradley Inc. 363,887 2,474
* GrowGeneration Corp. 858,179 2,454
* Traeger Inc. 964,102 2,439
  Superior Group of Cos. Inc. 146,153 2,414
* Latham Group Inc. 578,638 2,291
* J. Jill Inc. 71,057 2,272
* Tilly's Inc. Class A 332,060 2,258
* ThredUp Inc. Class A 1,123,178 2,246
* Motorcar Parts of America Inc. 273,322 2,198
* WW International Inc. 1,181,338 2,185
  Lakeland Industries Inc. 119,183 2,181
*,1 Canoo Inc. 597,683 2,134
*,1 Children's Place Inc. 183,577 2,118
  Flexsteel Industries Inc. 54,815 2,045
* ONE Group Hospitality Inc. 350,236 1,951
  Marine Products Corp. 165,436 1,944
* Legacy Housing Corp. 90,045 1,938
* 1stdibs.com Inc. 322,199 1,920
*,1 Snap One Holdings Corp. 221,009 1,905
* Lands' End Inc. 174,736 1,903
*,1 BARK Inc. 1,511,333 1,874
  Bassett Furniture Industries Inc. 124,057 1,831
*,1 Red Robin Gourmet Burgers Inc. 236,833 1,814

          Shares Market
Value
($000)
* Universal Electronics Inc.    180,911       1,811
* VOXX International Corp. Class A    215,211       1,756
  Escalade Inc.    127,326       1,751
* American Outdoor Brands Inc.    197,675       1,740
*,1 Big Lots Inc.    400,772       1,735
*,1 ContextLogic Inc. Class A    304,628       1,733
* Sportsman's Warehouse Holdings Inc.    542,914       1,688
  Lifetime Brands Inc.    159,241       1,669
*,1 Pinstripes Holdings Inc.    476,155       1,548
1 Purple Innovation Inc. Class A    873,128       1,519
  PetMed Express Inc.    308,394       1,477
  Cato Corp. Class A    255,761       1,476
* Duluth Holdings Inc. Class B    279,258       1,368
* Strattec Security Corp.     55,293       1,312
*,1 Mondee Holdings Inc. Class A 562,071 1,298
* Biglari Holdings Inc. Class B 6,765 1,283
* Unifi Inc. 211,835 1,269
* RumbleON Inc. Class B 193,829 1,252
* Century Casinos Inc. 390,057 1,233
* CarParts.com Inc. 748,942 1,213
1 Big 5 Sporting Goods Corp. 317,636 1,118
* Noodles & Co. Class A 539,074 1,030
* Allbirds Inc. Class A 1,381,393 959
* Superior Industries International Inc. 325,372 944
  Crown Crafts Inc. 184,550 941
* Solo Brands Inc. Class A 417,333 906
*,1 Tupperware Brands Corp. 650,628 872
*,1 PLBY Group Inc. 781,211 820
*,1 Allurion Technologies Inc. 453,974 794
* Biglari Holdings Inc. Class A 826 781
* LL Flooring Holdings Inc. 426,076 780
*,1 United Homes Group Inc. 108,898 761
* GAN Ltd. 585,494 744
*,1 Torrid Holdings Inc. 149,601 730
*,1 Lazydays Holdings Inc. 180,535 728
* Culp Inc. 147,833 710
* Fossil Group Inc. 651,683 665
* Conn's Inc. 197,329 661
*,1 Workhorse Group Inc. 2,616,991 614
* Container Store Group Inc. 488,250 557
  Ark Restaurants Corp. 38,656 543
* Live Ventures Inc. 20,027 540
*,1 Grove Collaborative Holdings 307,237 513
  Canterbury Park Holding Corp. 21,186 479
* 2U Inc. 1,154,288 450
* Brilliant Earth Group Inc. Class A 149,812 448
* Kirkland's Inc. 180,002 434
* GEN Restaurant Group Inc. Class A 34,474 403
* Envirotech Vehicles Inc. 145,131 392
  AMCON Distributing Co. 2,117 390
* Rave Restaurant Group Inc. 176,306 386
*,1 Vacasa Inc. Class A 56,077 382
*,1 Sonder Holdings Inc. 126,412 374
* Barnes & Noble Education Inc. 513,514 372
* Envela Corp. 79,294 366
*,1 Mullen Automotive Inc. 63,833 332
*,1 Sypris Solutions Inc. 191,121 304
* Beachbody Co. Inc. 31,502 302

          Shares Market
Value
($000)
*,1 Vroom Inc.     21,937         295
* Koss Corp.    109,767         282
  FAT Brands Inc. Class A     36,000         274
* Delta Apparel Inc.     85,609         256
*,1 Aterian Inc.     83,041         229
  Flanigan's Enterprises Inc.      8,548         219
*,1 Rent the Runway Inc. Class A    624,498         216
* Yunhong Green CTI Ltd.    121,102         193
* Lulu's Fashion Lounge Holdings Inc.    131,898         185
* Wag! Group Co.     88,471         175
* Regis Corp.     23,958         175
* Good Times Restaurants Inc.     66,353         164
* Nephros Inc.     72,189         158
*,1 Hall of Fame Resort & Entertainment Co.     43,744         157
* Charles & Colvard Ltd. 444,108 151
* Vince Holding Corp. 45,481 148
* Educational Development Corp. 64,779 134
* XWELL Inc. 74,690 126
  Jerash Holdings US Inc. 38,405 118
* Dixie Group Inc. 188,725 107
* BurgerFi International Inc. 167,859 97
*,1 Amesite Inc. 43,962 96
* Xcel Brands Inc. 113,190 88
* Worksport Ltd. 145,891 84
* Tandy Leather Factory Inc. 17,299 80
*,1 Inspirato Inc. 19,707 78
*,1 AYRO Inc. 44,007 74
* Allied Gaming & Entertainment Inc. 61,060 62
*,1 aka Brands Holding Corp. 5,801 58
* Forward Industries Inc. 101,271 56
* Twin Vee PowerCats Co. 60,192 52
  FAT Brands Inc. Class B 4,338 27
* Emerson Radio Corp. 47,444 25
*,1 Nova Lifestyle Inc. 8,036 24
*,1 Kaival Brands Innovations Group Inc. 7,394 21
*,1 MGO Global Inc. 38,582 16
*,1 Forza X1 Inc. 33,785 16
* Digital Brands Group Inc. 3,261 14
*,1 Arcimoto Inc. 24,956 12
*,1 Lottery.com Inc. 4,115 9
*,1 Toughbuilt Industries Inc. 2,844 9
*,1 Faraday Future Intelligent Electric Inc. Class A 69,930 7
*,1 Greenlane Holdings Inc. Class A 10,695 5
* BT Brands Inc. 1,151 2
*,2 Amergent Hospitality Group Inc. 19,975
* Singing Machine Co. Inc. 445
*,2 GCI Liberty Inc. 1,322,036
*,1,2 Empire Resorts Inc. 15,517
* Volcon Inc. 624
* ECD Automotive Design Inc. 424
* Phoenix Motor Inc. 91
            11,828,890
Consumer Staples (2.9%)
* Celsius Holdings Inc. 2,219,222 184,018
* US Foods Holding Corp. 3,385,188 182,699
  Casey's General Stores Inc. 555,594 176,929
* Performance Food Group Co. 2,322,621 173,360
* elf Beauty Inc. 830,123 162,729

          Shares Market
Value
($000)
* BJ's Wholesale Club Holdings Inc.  1,997,310     151,097
  Albertsons Cos. Inc. Class A  5,984,678     128,312
* BellRing Brands Inc.  1,955,843     115,453
  Ingredion Inc.    976,331     114,084
* Darling Ingredients Inc.  2,387,949     111,064
* Sprouts Farmers Market Inc.  1,522,997      98,203
* Freshpet Inc.    721,647      83,610
* Post Holdings Inc.    752,070      79,930
  Flowers Foods Inc.  2,872,910      68,232
* Coty Inc. Class A  5,637,275      67,422
  Lancaster Colony Corp.    304,181      63,157
  Coca-Cola Consolidated Inc.     70,062      59,301
  WD-40 Co.    202,112      51,197
* Simply Good Foods Co.  1,365,526      46,469
* Boston Beer Co. Inc. Class A 140,423 42,748
* Grocery Outlet Holding Corp. 1,481,535 42,639
  Spectrum Brands Holdings Inc. 459,587 40,908
  Inter Parfums Inc. 268,352 37,706
  Cal-Maine Foods Inc. 607,711 35,764
  J & J Snack Foods Corp. 230,173 33,274
  PriceSmart Inc. 378,793 31,819
* TreeHouse Foods Inc. 754,524 29,389
  Energizer Holdings Inc. 992,098 29,207
  Edgewell Personal Care Co. 736,338 28,452
  Andersons Inc. 472,555 27,110
* Central Garden & Pet Co. Class A 656,710 24,246
  Reynolds Consumer Products Inc. 829,930 23,703
  Vector Group Ltd. 1,996,497 21,882
* Pilgrim's Pride Corp. 599,615 20,579
  MGP Ingredients Inc. 231,918 19,975
* Chefs' Warehouse Inc. 529,959 19,958
  Universal Corp. 375,077 19,399
  Utz Brands Inc. 1,021,926 18,844
  WK Kellogg Co. 996,906 18,742
* National Beverage Corp. 357,066 16,946
  Ingles Markets Inc. Class A 215,634 16,535
  Weis Markets Inc. 249,387 16,061
* Herbalife Ltd. 1,489,701 14,972
  John B Sanfilippo & Son Inc. 133,585 14,149
1 B&G Foods Inc. 1,132,213 12,953
  Fresh Del Monte Produce Inc. 498,504 12,916
  Seaboard Corp. 3,768 12,148
*,1 Central Garden & Pet Co. 261,997 11,221
* Vita Coco Co. Inc. 457,622 11,180
* Hain Celestial Group Inc. 1,346,552 10,584
  Nu Skin Enterprises Inc. Class A 753,423 10,420
  SpartanNash Co. 510,464 10,316
* United Natural Foods Inc. 888,077 10,204
* Vital Farms Inc. 414,086 9,628
* USANA Health Sciences Inc. 168,442 8,169
  Turning Point Brands Inc. 276,847 8,112
*,1 Beyond Meat Inc. 970,711 8,037
  Tootsie Roll Industries Inc. 246,480 7,895
  Calavo Growers Inc. 282,180 7,847
* Mission Produce Inc. 656,810 7,796
  Medifast Inc. 160,999 6,169
* Duckhorn Portfolio Inc. 629,195 5,858
* Beauty Health Co. 1,257,652 5,584

          Shares Market
Value
($000)
  Oil-Dri Corp. of America     73,343       5,468
*,1 Westrock Coffee Co.    463,648       4,789
* Seneca Foods Corp. Class A     81,005       4,609
  Limoneira Co.    227,319       4,446
* Honest Co. Inc.    955,326       3,869
* Nature's Sunshine Products Inc.    180,589       3,751
* Olaplex Holdings Inc.  1,764,449       3,388
  Village Super Market Inc. Class A    102,748       2,940
  Natural Grocers by Vitamin Cottage Inc.    145,996       2,635
* Whole Earth Brands Inc.    532,276       2,571
*,1 BRC Inc. Class A    587,198       2,513
* Mama's Creations Inc.    385,609       1,928
* HF Foods Group Inc.    540,508       1,892
  Alico Inc.     63,228       1,851
* Lifeway Foods Inc. 85,576 1,474
  Lifevantage Corp. 195,613 1,183
*,1 Safety Shot Inc. 449,210 1,074
* Farmer Bros Co. 295,653 1,055
  Natural Health Trends Corp. 111,509 747
* Zevia PBC Class A 618,243 723
* Veru Inc. 858,412 601
* Natural Alternatives International Inc. 75,454 460
  United-Guardian Inc. 52,417 405
* Willamette Valley Vineyards Inc. 72,379 363
*,1 Benson Hill Inc. 1,779,607 357
* Rocky Mountain Chocolate Factory Inc. 97,457 353
*,1 Seneca Foods Corp. Class B 5,623 316
* Coffee Holding Co. Inc. 164,749 260
* Laird Superfood Inc. 99,083 238
*,1 Local Bounti Corp. 53,924 157
* Vintage Wine Estates Inc. 431,243 155
* Splash Beverage Group Inc. 301,169 139
*,1 Guardion Health Sciences Inc. 14,852 134
* Sadot Group Inc. 275,710 82
* Barfresh Food Group Inc. 58,859 70
*,1 FitLife Brands Inc. 3,074 70
* S&W Seed Co. 140,870 68
  Mannatech Inc. 7,557 65
*,1 Bridgford Foods Corp. 5,282 59
*,1 Flora Growth Corp. 23,061 53
* Upexi Inc. 69,176 40
* Maison Solutions Inc. Class A 27,800 38
*,1 Better Choice Co. Inc. 5,950 36
* Nocera Inc. 27,438 35
* Arcadia Biosciences Inc. 14,038 30
* Real Good Food Co. Inc. Class A 78,764 28
*,1 22nd Century Group Inc. 209,532 25
*,1 Edible Garden AG Inc. 35,337 11
*,1 Stryve Foods Inc. Class A 6,642 10
*,1 Eastside Distilling Inc. 8,697 9
* Hempacco Co. Inc. 97
* African Agriculture Holdings Inc. 893
            2,996,883
Energy (4.6%)
  Cheniere Energy Inc. 3,537,659 570,554
  Ovintiv Inc. 3,761,880 195,242
  TechnipFMC plc 6,517,245 163,648
  Texas Pacific Land Corp. 278,838 161,311

          Shares Market
Value
($000)
1 Chesapeake Energy Corp.  1,651,275     146,683
  HF Sinclair Corp.  2,333,035     140,845
* Weatherford International plc  1,081,810     124,863
* Southwestern Energy Co. 16,436,864     124,591
  Range Resources Corp.  3,610,445     124,308
* Antero Resources Corp.  4,232,185     122,733
  Permian Resources Corp.  6,882,999     121,554
  NOV Inc.  5,881,070     114,798
  Matador Resources Co.  1,658,758     110,755
  Chord Energy Corp.    611,940     109,072
  ChampionX Corp.  2,861,500     102,699
  Murphy Oil Corp.  2,167,949      99,075
  Civitas Resources Inc.  1,285,340      97,570
  PBF Energy Inc. Class A  1,626,907      93,661
  DT Midstream Inc. 1,450,284 88,612
  SM Energy Co. 1,727,462 86,114
  Noble Corp. plc 1,665,580 80,764
  Equitrans Midstream Corp. 6,451,367 80,578
1 Magnolia Oil & Gas Corp. Class A 2,760,271 71,629
  Antero Midstream Corp. 5,094,001 71,622
* Valaris Ltd. 937,715 70,572
* Transocean Ltd. 10,680,973 67,077
* Tidewater Inc. 726,726 66,859
  Helmerich & Payne Inc. 1,471,325 61,884
  Patterson-UTI Energy Inc. 4,808,225 57,410
  Northern Oil & Gas Inc. 1,361,578 54,027
* CNX Resources Corp. 2,249,214 53,351
  California Resources Corp. 961,280 52,967
  Viper Energy Inc. Class A 1,317,787 50,682
  Cactus Inc. Class A 980,660 49,121
  Liberty Energy Inc. Class A 2,263,059 46,891
* Kosmos Energy Ltd. 6,867,511 40,930
  Archrock Inc. 2,046,231 40,249
  Peabody Energy Corp. 1,643,926 39,882
* Uranium Energy Corp. 5,863,700 39,580
* Oceaneering International Inc. 1,498,381 35,062
  CONSOL Energy Inc. 400,161 33,517
* Par Pacific Holdings Inc. 834,629 30,931
1 New Fortress Energy Inc. 990,370 30,295
  Sitio Royalties Corp. Class A 1,220,952 30,182
  International Seaways Inc. 562,746 29,938
* Talos Energy Inc. 1,983,122 27,625
  Delek US Holdings Inc. 892,343 27,431
* Expro Group Holdings NV 1,284,172 25,645
  World Kinect Corp. 895,420 23,684
* Gulfport Energy Corp. 143,719 23,012
* Helix Energy Solutions Group Inc. 2,099,502 22,759
* Green Plains Inc. 959,994 22,195
* Diamond Offshore Drilling Inc. 1,529,148 20,858
  Kinetik Holdings Inc. Class A 520,844 20,766
  Dorian LPG Ltd. 509,466 19,594
* Vital Energy Inc. 368,161 19,343
1 Atlas Energy Solutions Inc. Class A 814,113 18,415
  CVR Energy Inc. 431,355 15,382
  Crescent Energy Co. Class A 1,282,609 15,263
* US Silica Holdings Inc. 1,141,769 14,169
* REX American Resources Corp. 226,560 13,301
  Comstock Resources Inc. 1,360,407 12,625

          Shares Market
Value
($000)
  Core Laboratories Inc.    709,583      12,120
* Dril-Quip Inc.    534,428      12,041
* Nabors Industries Ltd.    134,260      11,564
  VAALCO Energy Inc.  1,652,168      11,516
  Select Water Solutions Inc. Class A  1,238,125      11,428
* ProPetro Holding Corp.  1,280,453      10,346
* Bristow Group Inc. Class A    365,525       9,942
  RPC Inc.  1,236,944       9,574
  Vitesse Energy Inc.    348,769       8,276
  Berry Corp.  1,016,757       8,185
*,1 Centrus Energy Corp. Class A    195,008       8,099
* SilverBow Resources Inc.    233,564       7,974
* TETRA Technologies Inc.  1,777,133       7,873
* Newpark Resources Inc.  1,025,915       7,407
* Clean Energy Fuels Corp. 2,675,537 7,170
  SandRidge Energy Inc. 489,659 7,134
*,1 Tellurian Inc. 10,778,630 7,129
* NextDecade Corp. 1,216,489 6,910
  Kodiak Gas Services Inc. 243,402 6,655
* Oil States International Inc. 1,003,276 6,180
* DMC Global Inc. 305,830 5,961
  Overseas Shipholding Group Inc. Class A 891,589 5,706
* SEACOR Marine Holdings Inc. 379,392 5,289
  Excelerate Energy Inc. Class A 289,263 4,634
1 HighPeak Energy Inc. 287,252 4,530
1 W&T Offshore Inc. 1,538,549 4,077
  Solaris Oilfield Infrastructure Inc. Class A 464,376 4,026
* Amplify Energy Corp. 548,319 3,624
  FutureFuel Corp. 393,445 3,167
*,1 Aemetis Inc. 524,228 3,140
* Forum Energy Technologies Inc. 150,444 3,006
*,1 Gevo Inc. 3,824,818 2,940
* Natural Gas Services Group Inc. 150,390 2,922
  Evolution Petroleum Corp. 446,295 2,740
* ProFrac Holding Corp. Class A 323,380 2,703
  Granite Ridge Resources Inc. 399,914 2,599
* Geospace Technologies Corp. 183,849 2,425
  Ranger Energy Services Inc. Class A 200,156 2,260
* Hallador Energy Co. 379,079 2,021
  Riley Exploration Permian Inc. 59,317 1,957
  NACCO Industries Inc. Class A 60,429 1,825
*,1 Vertex Energy Inc. 1,257,698 1,761
* KLX Energy Services Holdings Inc. 217,845 1,686
  Epsilon Energy Ltd. 279,006 1,533
* Gulf Island Fabrication Inc. 207,420 1,525
* OPAL Fuels Inc. Class A 300,007 1,506
  Adams Resources & Energy Inc. 49,775 1,443
*,1 Empire Petroleum Corp. 273,797 1,399
  PHX Minerals Inc. 398,834 1,360
* Ring Energy Inc. 642,522 1,259
* American Resources Corp. 824,157 1,162
* Smart Sand Inc. 599,189 1,144
  Energy Services of America Corp. 132,368 1,092
* Mammoth Energy Services Inc. 292,713 1,065
* Profire Energy Inc. 498,092 921
* PrimeEnergy Resources Corp. 7,468 749
*,1 Nine Energy Service Inc. 274,731 615
* Lightbridge Corp. 162,218 479

          Shares Market
Value
($000)
* Comstock Inc.  1,079,084         393
* Battalion Oil Corp.     53,142         301
* Independence Contract Drilling Inc.    152,868         284
* Houston American Energy Corp.    164,070         218
  Barnwell Industries Inc.     80,914         191
*,1 Camber Energy Inc.    927,082         189
* Superior Drilling Products Inc.    198,912         182
  Mexco Energy Corp.     17,490         175
* NCS Multistage Holdings Inc.     10,480         168
* Dawson Geophysical Co.    106,125         151
* PEDEVCO Corp.    185,738         149
*,1 Verde Clean Fuels Inc.     29,389         118
* Stabilis Solutions Inc.     27,744         112
  US Energy Corp.    102,771         111
* Drilling Tools International Corp. 34,487 103
* ENGlobal Corp. 37,593 64
* MIND Technology Inc. 11,431 54
*,1 Clean Energy Technologies Inc. 37,155 40
*,1 Enservco Corp. 107,717 21
*,1 EzFill Holdings Inc. 6,718 11
*,1 Vivakor Inc. 5,003 4
            4,799,568
Financials (17.7%)
  KKR & Co. Inc. 9,909,189 996,666
  Apollo Global Management Inc. 6,519,524 733,120
* Block Inc. Class A 8,277,322 700,096
* Coinbase Global Inc. Class A 2,555,372 677,480
  Ares Management Corp. Class A 2,529,284 336,344
* Markel Group Inc. 195,699 297,752
  LPL Financial Holdings Inc. 1,116,479 294,974
  First Citizens BancShares Inc. Class A 178,168 291,305
  Fidelity National Financial Inc. 3,860,135 204,973
  Reinsurance Group of America Inc. 983,684 189,733
  RenaissanceRe Holdings Ltd. 788,827 185,398
  Tradeweb Markets Inc. Class A 1,733,316 180,560
  Interactive Brokers Group Inc. Class A 1,598,680 178,589
  Equitable Holdings Inc. 4,685,037 178,078
  Kinsale Capital Group Inc. 329,328 172,812
  East West Bancorp Inc. 2,111,532 167,043
  Ally Financial Inc. 4,061,140 164,842
* Robinhood Markets Inc. Class A 7,734,597 155,697
  Carlyle Group Inc. 3,241,440 152,056
* WEX Inc. 637,093 151,329
  Erie Indemnity Co. Class A 373,163 149,851
  Annaly Capital Management Inc. 7,454,893 146,787
  Unum Group 2,715,970 145,739
* Toast Inc. Class A 5,601,763 139,596
  American Financial Group Inc. 971,018 132,525
  Primerica Inc. 521,287 131,865
* Affirm Holdings Inc. Class A 3,534,638 131,701
  Webster Financial Corp. 2,570,015 130,480
  First Horizon Corp. 8,376,558 128,999
  Morningstar Inc. 390,282 120,351
  Old Republic International Corp. 3,899,891 119,805
  Stifel Financial Corp. 1,521,313 118,921
  Blue Owl Capital Inc. Class A 6,038,516 113,886
  Voya Financial Inc. 1,536,553 113,582
  Jefferies Financial Group Inc. 2,532,679 111,691

          Shares Market
Value
($000)
  Cullen/Frost Bankers Inc.    962,461     108,344
*,1 SoFi Technologies Inc. 14,603,752     106,607
  SEI Investments Co.  1,473,155     105,920
  Western Alliance Bancorp  1,624,801     104,296
  Corebridge Financial Inc.  3,574,816     102,704
  AGNC Investment Corp. 10,347,295     102,438
  Houlihan Lokey Inc. Class A    779,960      99,983
  Evercore Inc. Class A    517,932      99,749
  Selective Insurance Group Inc.    909,066      99,243
  Pinnacle Financial Partners Inc.  1,135,515      97,518
  SouthState Corp.  1,139,657      96,905
  Zions Bancorp NA  2,217,323      96,232
  Wintrust Financial Corp.    917,877      95,817
  Popular Inc.  1,080,458      95,178
  Essent Group Ltd. 1,594,148 94,868
  First American Financial Corp. 1,542,660 94,179
  Commerce Bancshares Inc. 1,767,849 94,050
  Prosperity Bancshares Inc. 1,405,558 92,458
  OneMain Holdings Inc. 1,788,023 91,350
1 Starwood Property Trust Inc. 4,456,929 90,609
  MGIC Investment Corp. 4,047,556 90,503
  RLI Corp. 598,395 88,844
  Synovus Financial Corp. 2,189,134 87,697
  Affiliated Managers Group Inc. 506,027 84,744
  Ryan Specialty Holdings Inc. Class A 1,525,526 84,667
  Lincoln National Corp. 2,533,675 80,900
  Rithm Capital Corp. 7,198,450 80,335
  Cadence Bank 2,733,472 79,271
  Radian Group Inc. 2,286,695 76,536
  Old National Bancorp 4,392,259 76,469
  FNB Corp. 5,381,317 75,877
  Axis Capital Holdings Ltd. 1,163,913 75,678
* Mr Cooper Group Inc. 963,187 75,080
  Western Union Co. 5,237,749 73,224
  Hanover Insurance Group Inc. 534,940 72,843
  United Bankshares Inc. 2,018,078 72,227
* Euronet Worldwide Inc. 654,882 71,991
  Bank OZK 1,575,943 71,642
  SLM Corp. 3,285,121 71,583
  Assured Guaranty Ltd. 811,776 70,827
  FirstCash Holdings Inc. 554,819 70,762
  Lazard Inc. Class A 1,687,762 70,667
  Jackson Financial Inc. Class A 1,056,806 69,897
  Home BancShares Inc. 2,812,564 69,105
  White Mountains Insurance Group Ltd. 37,655 67,564
  Glacier Bancorp Inc. 1,657,912 66,781
  Janus Henderson Group plc 1,985,592 65,306
  First Financial Bankshares Inc. 1,927,927 63,255
* Enstar Group Ltd. 199,750 62,074
  Hamilton Lane Inc. Class A 547,487 61,735
  Columbia Banking System Inc. 3,121,088 60,393
  Hancock Whitney Corp. 1,283,924 59,112
  UMB Financial Corp. 650,557 56,592
  Moelis & Co. Class A 995,693 56,525
*,1 Shift4 Payments Inc. Class A 851,305 56,246
  Kemper Corp. 902,409 55,877
*,1 Credit Acceptance Corp. 94,041 51,868
* American Equity Investment Life Holding Co. 917,087 51,559

          Shares Market
Value
($000)
1 Blackstone Mortgage Trust Inc. Class A  2,575,818      51,285
  TPG Inc. Class A  1,141,669      51,033
  Valley National Bancorp  6,380,838      50,791
  Walker & Dunlop Inc.    498,195      50,348
* Brighthouse Financial Inc.    957,912      49,371
  ServisFirst Bancshares Inc.    731,460      48,540
  Associated Banc-Corp  2,209,021      47,516
  Hannon Armstrong Sustainable Infrastructure Capital Inc.  1,663,945      47,256
  Artisan Partners Asset Management Inc. Class A  1,022,633      46,806
  United Community Banks Inc.  1,771,483      46,625
  Ameris Bancorp    962,551      46,568
  BGC Group Inc. Class A  5,814,226      45,177
  International Bancshares Corp.    801,916      45,020
  Piper Sandler Cos.    225,604      44,780
  CNO Financial Group Inc. 1,609,995 44,243
  Federated Hermes Inc. Class B 1,220,923 44,100
  First Bancorp 2,493,048 43,728
* Genworth Financial Inc. Class A 6,726,854 43,254
* Texas Capital Bancshares Inc. 696,765 42,886
* Remitly Global Inc. 2,041,470 42,340
  First Hawaiian Inc. 1,904,080 41,814
  Cathay General Bancorp 1,085,823 41,077
  WSFS Financial Corp. 905,174 40,860
* Axos Financial Inc. 750,438 40,554
* Flywire Corp. 1,591,175 39,477
* NMI Holdings Inc. Class A 1,218,428 39,404
  Atlantic Union Bankshares Corp. 1,113,634 39,322
  PennyMac Financial Services Inc. 431,565 39,311
  Fulton Financial Corp. 2,440,670 38,782
  EVERTEC Inc. 957,932 38,221
  Community Bank System Inc. 795,336 38,200
* Marqeta Inc. Class A 6,407,566 38,189
  BOK Financial Corp. 405,785 37,332
1 Arbor Realty Trust Inc. 2,811,990 37,259
  Bank of Hawaii Corp. 592,519 36,967
  Simmons First National Corp. Class A 1,870,886 36,407
  CVB Financial Corp. 1,977,370 35,276
1 New York Community Bancorp Inc. 10,828,406 34,867
  Pacific Premier Bancorp Inc. 1,427,857 34,269
  First Interstate BancSystem Inc. Class A 1,234,049 33,578
* AvidXchange Holdings Inc. 2,551,089 33,547
  Banc of California Inc. 2,169,266 32,995
  Independent Bank Corp. 631,586 32,855
  Eastern Bankshares Inc. 2,343,729 32,297
* Oscar Health Inc. Class A 2,167,255 32,227
  First Financial Bancorp 1,414,328 31,709
* Palomar Holdings Inc. 376,438 31,557
  PJT Partners Inc. Class A 332,789 31,369
  Seacoast Banking Corp. of Florida 1,234,205 31,336
  BankUnited Inc. 1,106,618 30,985
  First Merchants Corp. 886,585 30,942
  Park National Corp. 217,172 29,503
  WaFd Inc. 1,015,122 29,469
*,1 Upstart Holdings Inc. 1,094,353 29,427
  Towne Bank 1,041,645 29,229
  Cohen & Steers Inc. 379,535 29,182
* StoneX Group Inc. 402,178 28,257
* BRP Group Inc. Class A 966,703 27,976

          Shares Market
Value
($000)
  Virtu Financial Inc. Class A  1,351,561      27,734
  StepStone Group Inc. Class A    772,512      27,610
* Rocket Cos. Inc. Class A  1,887,550      27,464
  Bread Financial Holdings Inc.    734,855      27,366
* Enova International Inc.    426,855      26,819
* Bancorp Inc.    799,960      26,767
  Stewart Information Services Corp.    407,953      26,541
  WesBanco Inc.    888,953      26,500
  Renasant Corp.    832,916      26,087
  NBT Bancorp Inc.    708,628      25,992
  OFG Bancorp    702,206      25,848
* Triumph Financial Inc.    323,772      25,682
  Trustmark Corp.    904,963      25,438
  Federal Agricultural Mortgage Corp. Class C    129,016      25,401
  Lakeland Financial Corp. 382,384 25,360
  Virtus Investment Partners Inc. 102,070 25,311
  Nelnet Inc. Class A 265,924 25,170
  Banner Corp. 510,245 24,492
  Independent Bank Group Inc. 533,503 24,354
* Goosehead Insurance Inc. Class A 364,302 24,270
  PROG Holdings Inc. 676,117 23,285
  Victory Capital Holdings Inc. Class A 548,636 23,279
* Donnelley Financial Solutions Inc. 369,772 22,930
  Horace Mann Educators Corp. 618,175 22,866
  Enterprise Financial Services Corp. 553,731 22,459
  City Holding Co. 215,324 22,441
* Customers Bancorp Inc. 421,576 22,369
  Northwest Bancshares Inc. 1,902,613 22,165
  First Bancorp (XNGS) 610,234 22,042
* Cannae Holdings Inc. 972,449 21,627
  Apollo Commercial Real Estate Finance Inc. 1,931,838 21,521
  Hilltop Holdings Inc. 685,966 21,484
  Ready Capital Corp. 2,340,048 21,365
  First Commonwealth Financial Corp. 1,512,127 21,049
  Navient Corp. 1,209,579 21,047
  Live Oak Bancshares Inc. 499,376 20,729
  Mercury General Corp. 401,211 20,702
  Two Harbors Investment Corp. 1,540,959 20,402
  Hope Bancorp Inc. 1,761,930 20,280
  National Bank Holdings Corp. Class A 560,832 20,229
  Heartland Financial USA Inc. 573,017 20,142
* NCR Atleos Corp. 1,010,733 19,962
  Stock Yards Bancorp Inc. 405,996 19,857
  FB Financial Corp. 526,097 19,813
  Pathward Financial Inc. 386,586 19,515
  PennyMac Mortgage Investment Trust 1,319,117 19,365
  Westamerica Bancorp 394,337 19,275
  BancFirst Corp. 214,652 18,896
* Payoneer Global Inc. 3,875,774 18,836
  Ladder Capital Corp. Class A 1,679,683 18,695
  CNA Financial Corp. 409,752 18,611
  Safety Insurance Group Inc. 223,162 18,342
* Skyward Specialty Insurance Group Inc. 486,258 18,191
  Claros Mortgage Trust Inc. 1,836,615 17,925
  TriCo Bancshares 487,253 17,921
  First Busey Corp. 743,124 17,872
  S&T Bancorp Inc. 554,026 17,773
  Employers Holdings Inc. 385,590 17,502

          Shares Market
Value
($000)
  MFA Financial Inc.  1,516,663      17,305
* SiriusPoint Ltd.  1,357,051      17,248
  Merchants Bancorp    396,567      17,124
  Stellar Bancorp Inc.    695,267      16,937
  Franklin BSP Realty Trust Inc.  1,239,261      16,557
  Veritex Holdings Inc.    807,410      16,544
  Nicolet Bankshares Inc.    190,134      16,350
  National Western Life Group Inc. Class A     33,166      16,316
* Encore Capital Group Inc.    357,682      16,314
  Provident Financial Services Inc.  1,111,759      16,198
  Chimera Investment Corp.  3,374,212      15,555
*,1 Lemonade Inc.    938,951      15,408
* PRA Group Inc.    588,301      15,343
  German American Bancorp Inc.    439,652      15,230
  Sandy Spring Bancorp Inc. 642,198 14,886
  AMERISAFE Inc. 294,866 14,793
  WisdomTree Inc. 1,607,180 14,770
*,1 Trupanion Inc. 534,815 14,766
1 ARMOUR Residential REIT Inc. 744,591 14,721
  OceanFirst Financial Corp. 887,292 14,560
  Peoples Bancorp Inc. 490,524 14,524
  QCR Holdings Inc. 238,596 14,492
  Redwood Trust Inc. 2,272,928 14,479
* LendingClub Corp. 1,644,077 14,451
  Berkshire Hills Bancorp Inc. 628,789 14,412
  Preferred Bank 183,406 14,080
  Enact Holdings Inc. 447,535 13,954
1 Ellington Financial Inc. 1,166,147 13,772
  BrightSpire Capital Inc. Class A 1,989,741 13,709
  Brookline Bancorp Inc. 1,335,908 13,306
  Origin Bancorp Inc. 416,214 13,003
  1st Source Corp. 246,837 12,939
* Repay Holdings Corp. Class A 1,167,607 12,844
  Southside Bancshares Inc. 426,131 12,456
  HCI Group Inc. 105,512 12,248
* International Money Express Inc. 530,806 12,118
* AssetMark Financial Holdings Inc. 330,218 11,693
  Capitol Federal Financial Inc. 1,960,282 11,683
  Lakeland Bancorp Inc. 958,173 11,594
  Brightsphere Investment Group Inc. 495,606 11,320
  Premier Financial Corp. 556,971 11,306
  First Bancshares Inc. 429,206 11,138
  F&G Annuities & Life Inc. 272,089 11,033
  Bank First Corp. 126,958 11,003
  Eagle Bancorp Inc. 461,968 10,852
* Ambac Financial Group Inc. 690,385 10,791
  ConnectOne Bancorp Inc. 546,387 10,655
1 UWM Holdings Corp. Class A 1,455,887 10,570
  Community Trust Bancorp Inc. 237,979 10,150
  Dynex Capital Inc. 813,048 10,122
* ProAssurance Corp. 778,504 10,012
  First Mid Bancshares Inc. 305,634 9,988
  New York Mortgage Trust Inc. 1,385,426 9,975
  Heritage Financial Corp. 513,467 9,956
  Dime Community Bancshares Inc. 516,716 9,952
  Amerant Bancorp Inc. Class A 426,470 9,932
  Tompkins Financial Corp. 197,409 9,928
  Byline Bancorp Inc. 441,841 9,597

          Shares Market
Value
($000)
* Open Lending Corp.  1,500,865       9,395
  TFS Financial Corp.    743,837       9,343
* CrossFirst Bankshares Inc.    669,802       9,270
  KKR Real Estate Finance Trust Inc.    897,626       9,030
  Perella Weinberg Partners Class A    638,689       9,025
  Univest Financial Corp.    428,124       8,914
  First Community Bankshares Inc.    255,584       8,851
  Old Second Bancorp Inc.    637,599       8,824
* EZCORP Inc. Class A    776,119       8,793
* NerdWallet Inc. Class A    597,297       8,780
  Independent Bank Corp. (Michigan)    334,237       8,473
  Central Pacific Financial Corp.    425,989       8,413
* I3 Verticals Inc. Class A    367,454       8,411
  A-Mark Precious Metals Inc.    269,729       8,278
  Mercantile Bank Corp. 210,970 8,120
  Cass Information Systems Inc. 167,719 8,079
*,1 NB Bancorp Inc. 590,219 8,062
  Heritage Commerce Corp. 937,111 8,040
  TrustCo Bank Corp. 281,138 7,917
  Universal Insurance Holdings Inc. 384,970 7,823
* World Acceptance Corp. 52,932 7,674
  Hanmi Financial Corp. 474,044 7,547
  American National Bankshares Inc. 156,501 7,474
  Republic Bancorp Inc. Class A 143,193 7,303
  Farmers National Banc Corp. 546,079 7,296
  Midland States Bancorp Inc. 289,968 7,287
*,1 Root Inc. Class A 118,811 7,257
  Washington Trust Bancorp Inc. 268,479 7,217
  Invesco Mortgage Capital Inc. 744,632 7,208
* Columbia Financial Inc. 418,611 7,204
  Business First Bancshares Inc. 322,760 7,191
  Cambridge Bancorp 102,918 7,015
* Coastal Financial Corp. 178,875 6,953
  Equity Bancshares Inc. Class A 202,002 6,943
* LendingTree Inc. 163,932 6,941
  Great Southern Bancorp Inc. 123,619 6,777
  Horizon Bancorp Inc. 525,888 6,747
  Camden National Corp. 200,923 6,735
  CNB Financial Corp. 325,097 6,629
  Donegal Group Inc. Class A 468,069 6,618
  First Financial Corp. 172,413 6,609
  Bar Harbor Bankshares 247,579 6,556
* Green Dot Corp. Class A 697,238 6,505
  TPG RE Finance Trust Inc. 841,202 6,494
  Amalgamated Financial Corp. 269,892 6,477
  United Fire Group Inc. 297,000 6,466
  Metrocity Bankshares Inc. 257,422 6,425
* Metropolitan Bank Holding Corp. 166,705 6,418
  Peapack-Gladstone Financial Corp. 259,283 6,308
  HarborOne Bancorp Inc. 588,292 6,271
  HomeTrust Bancshares Inc. 229,087 6,263
1 Orchid Island Capital Inc. 698,633 6,239
  GCM Grosvenor Inc. Class A 641,472 6,197
  Southern Missouri Bancorp Inc. 141,066 6,166
  Flushing Financial Corp. 487,683 6,150
  Arrow Financial Corp. 245,687 6,147
  Kearny Financial Corp. 940,621 6,058
* Paymentus Holdings Inc. Class A 262,982 5,983

          Shares Market
Value
($000)
  Diamond Hill Investment Group Inc.     38,800       5,982
* Cantaloupe Inc.    924,630       5,945
  Ares Commercial Real Estate Corp.    793,485       5,911
  First Foundation Inc.    769,444       5,809
* Moneylion Inc.     81,396       5,805
  Northfield Bancorp Inc.    588,711       5,722
  LCNB Corp.    356,971       5,690
  Northeast Bank    101,314       5,607
  Alerus Financial Corp.    255,837       5,585
  P10 Inc. Class A    662,912       5,582
  Tiptree Inc. Class A    320,195       5,533
  Shore Bancshares Inc.    480,803       5,529
  Capstar Financial Holdings Inc.    273,591       5,499
  Summit Financial Group Inc.    200,419       5,443
  James River Group Holdings Ltd. 584,624 5,437
1 Hingham Institution For Savings 31,024 5,412
  MidWestOne Financial Group Inc. 228,924 5,366
1 Burke & Herbert Financial Services Corp. 95,576 5,355
1 B. Riley Financial Inc. 250,173 5,296
  Capital City Bank Group Inc. 181,439 5,026
  Esquire Financial Holdings Inc. 105,755 5,020
  ACNB Corp. 130,176 4,895
* Greenlight Capital Re Ltd. Class A 390,152 4,865
  MBIA Inc. 699,900 4,731
  SmartFinancial Inc. 220,802 4,652
  Federal Agricultural Mortgage Corp. Class A 29,319 4,577
* NI Holdings Inc. 298,681 4,525
  South Plains Financial Inc. 164,525 4,403
* Carter Bankshares Inc. 346,259 4,377
  Citizens & Northern Corp. 232,514 4,367
  Financial Institutions Inc. 231,279 4,353
  Mid Penn Bancorp Inc. 211,400 4,230
  HBT Financial Inc. 222,075 4,228
  Home Bancorp Inc. 110,046 4,216
  Peoples Financial Services Corp. 97,507 4,204
* Hippo Holdings Inc. 228,911 4,182
  Orrstown Financial Services Inc. 156,108 4,179
  Granite Point Mortgage Trust Inc. 871,777 4,158
  FS Bancorp Inc. 119,191 4,137
  First Bank 299,982 4,122
  First Internet Bancorp 117,894 4,096
* SWK Holdings Corp. 234,897 4,092
  Oppenheimer Holdings Inc. Class A 102,492 4,091
  HomeStreet Inc. 267,514 4,026
* Bridgewater Bancshares Inc. 342,495 3,987
  Northrim Bancorp Inc. 78,554 3,968
1 NewtekOne Inc. 359,348 3,953
*,1 Sezzle Inc. 46,629 3,940
  Guaranty Bancshares Inc. 128,108 3,889
* Southern First Bancshares Inc. 122,020 3,875
*,1 Hagerty Inc. Class A 422,486 3,866
  Sierra Bancorp 189,219 3,822
* Selectquote Inc. 1,894,039 3,788
  First Business Financial Services Inc. 100,897 3,784
  Northeast Community Bancorp Inc. 239,956 3,774
  Farmers & Merchants Bancorp Inc. 166,651 3,715
  West Bancorp Inc. 208,373 3,715
* Third Coast Bancshares Inc. 181,078 3,625

          Shares Market
Value
($000)
  BayCom Corp.    175,600       3,619
* Blue Foundry Bancorp    382,944       3,584
  First of Long Island Corp.    319,955       3,548
  MVB Financial Corp.    158,261       3,531
  Five Star Bancorp    156,276       3,516
  Primis Financial Corp.    288,018       3,505
  Enterprise Bancorp Inc.    134,821       3,501
  Macatawa Bank Corp.    357,177       3,497
* Heritage Insurance Holdings Inc.    327,521       3,488
  Investors Title Co.     21,248       3,467
  RBB Bancorp    192,099       3,460
  Regional Management Corp.    142,217       3,443
  Chicago Atlantic Real Estate Finance Inc.    217,268       3,426
  Bank of Marin Bancorp    199,616       3,348
  John Marshall Bancorp Inc. 184,802 3,312
  Red River Bancshares Inc. 66,121 3,292
  Waterstone Financial Inc. 270,377 3,290
1 Angel Oak Mortgage REIT Inc. 304,846 3,274
  Civista Bancshares Inc. 212,048 3,261
* Acacia Research Corp. 604,723 3,223
* American Coastal Insurance Corp. 296,547 3,170
* Forge Global Holdings Inc. 1,605,966 3,099
  Timberland Bancorp Inc. 113,498 3,055
  Codorus Valley Bancorp Inc. 133,541 3,039
  Citizens Financial Services Inc. 61,559 3,029
  Bridge Investment Group Holdings Inc. Class A 438,169 3,001
  Fidelity D&D Bancorp Inc. 61,694 2,988
  Colony Bankcorp Inc. 255,862 2,942
  AFC Gamma Inc. 235,118 2,911
  PCB Bancorp 176,970 2,890
* Ponce Financial Group Inc. 322,732 2,872
  First Bancorp Inc. 116,498 2,870
  National Bankshares Inc. 83,624 2,794
  Central Valley Community Bancorp 139,636 2,777
  Greene County Bancorp Inc. 94,877 2,731
  Norwood Financial Corp. 100,101 2,724
  Plumas Bancorp 73,314 2,697
  Sachem Capital Corp. 601,485 2,683
  Orange County Bancorp Inc. 56,769 2,611
  Ames National Corp. 128,938 2,602
  Capital Bancorp Inc. 123,121 2,565
* Southern California Bancorp 170,797 2,547
  ChoiceOne Financial Services Inc. 92,210 2,522
* Velocity Financial Inc. 138,380 2,491
* Ocwen Financial Corp. 92,076 2,487
  First Financial Northwest Inc. 120,411 2,476
* eHealth Inc. 408,224 2,462
  Evans Bancorp Inc. 81,839 2,444
1 Middlefield Banc Corp. 101,429 2,422
  LINKBANCORP Inc. 345,977 2,401
  BCB Bancorp Inc. 227,746 2,380
  Southern States Bancshares Inc. 91,779 2,379
  Bankwell Financial Group Inc. 90,469 2,347
  Seven Hills Realty Trust 180,973 2,338
  Parke Bancorp Inc. 135,403 2,332
  Princeton Bancorp Inc. 75,716 2,331
* FVCBankcorp Inc. 190,907 2,325
  Unity Bancorp Inc. 82,977 2,290

          Shares Market
Value
($000)
* Maiden Holdings Ltd.  1,016,703       2,288
* California Bancorp    104,001       2,288
  ESSA Bancorp Inc.    125,382       2,286
1 Oak Valley Bancorp     92,100       2,282
*,1 Better Home & Finance Holding Co.  4,576,543       2,273
  First Northwest Bancorp    144,883       2,267
* Kingsway Financial Services Inc.    271,673       2,266
  Western New England Bancorp Inc.    293,220       2,249
  Chemung Financial Corp.     52,844       2,245
  First United Corp.     97,981       2,245
* Provident Bancorp Inc.    242,281       2,205
  C&F Financial Corp.     44,566       2,184
*,1 AlTi Global Inc.    376,741       2,132
* loanDepot Inc. Class A    812,915       2,105
* Atlanticus Holdings Corp. 70,011 2,072
  William Penn Bancorp 163,334 2,017
  Medallion Financial Corp. 254,706 2,015
  Investar Holding Corp. 122,875 2,010
  Virginia National Bankshares Corp. 66,254 1,994
  Ellington Residential Mortgage REIT 283,171 1,957
  BankFinancial Corp. 185,100 1,944
  Nexpoint Real Estate Finance Inc. 132,816 1,907
  Silvercrest Asset Management Group Inc. Class A 119,306 1,886
  OP Bancorp 187,294 1,869
  Hawthorn Bancshares Inc. 90,769 1,854
  Peoples Bancorp of North Carolina Inc. 66,532 1,853
  Penns Woods Bancorp Inc. 95,357 1,851
* Paysign Inc. 496,392 1,817
  First Community Corp. 104,208 1,816
  Citizens Community Bancorp Inc. 145,525 1,768
  USCB Financial Holdings Inc. 152,608 1,740
* ECB Bancorp Inc. 133,874 1,738
* Security National Financial Corp. Class A 218,152 1,726
  Richmond Mutual Bancorp Inc. 155,139 1,725
  AG Mortgage Investment Trust Inc. 277,590 1,699
  Associated Capital Group Inc. Class A 51,150 1,673
  BV Financial Inc. 157,520 1,627
  Cherry Hill Mortgage Investment Corp. 457,606 1,620
  MainStreet Bancshares Inc. 87,327 1,586
*,1 SR Bancorp Inc. 161,257 1,522
  Franklin Financial Services Corp. 57,234 1,500
* ACRES Commercial Realty Corp. 104,023 1,463
  Bank7 Corp. 50,961 1,437
  Union Bankshares Inc. 47,041 1,435
  FNCB Bancorp Inc. 236,131 1,433
* Finwise Bancorp 142,628 1,433
  Meridian Corp. 143,789 1,426
  Great Ajax Corp. 373,852 1,421
* First Western Financial Inc. 96,455 1,406
  Riverview Bancorp Inc. 296,809 1,401
  Lument Finance Trust Inc. 561,552 1,398
  Westwood Holdings Group Inc. 113,259 1,395
  Hanover Bancorp Inc. 93,997 1,393
* Sterling Bancorp Inc. 269,676 1,392
  SB Financial Group Inc. 99,089 1,365
*,1 Citizens Inc. Class A 626,169 1,340
  United Security Bancshares 173,867 1,340
  Guild Holdings Co. Class A 90,873 1,340

          Shares Market
Value
($000)
  Crawford & Co. Class A    141,957       1,339
  First Savings Financial Group Inc.     78,792       1,320
  CB Financial Services Inc.     60,954       1,318
  Ohio Valley Banc Corp.     52,496       1,284
  First Capital Inc.     44,235       1,283
  CF Bankshares Inc.     62,612       1,250
  First National Corp.     76,797       1,249
  HMN Financial Inc.     58,871       1,242
  Provident Financial Holdings Inc.     92,550       1,238
  Crawford & Co. Class B    131,058       1,189
  Eagle Bancorp Montana Inc.     92,120       1,183
  Community West Bancshares     75,957       1,176
  Finward Bancorp     47,771       1,175
* Heritage Global Inc.    432,887       1,143
* Catalyst Bancorp Inc. 96,306 1,141
  Magyar Bancorp Inc. 97,998 1,090
* Consumer Portfolio Services Inc. 143,922 1,088
  Territorial Bancorp Inc. 133,227 1,074
  Sound Financial Bancorp Inc. 26,625 1,070
* Pioneer Bancorp Inc. 106,991 1,050
  United Bancorp Inc. 67,512 977
  Landmark Bancorp Inc. 49,408 953
* Oportun Financial Corp. 391,650 952
  Old Point Financial Corp. 54,171 923
* Affinity Bancshares Inc. 55,767 923
  First Guaranty Bancshares Inc. 90,349 917
  Summit State Bank 84,229 914
* Rhinebeck Bancorp Inc. 100,699 851
* Priority Technology Holdings Inc. 258,431 845
  Bank of the James Financial Group Inc. 76,015 787
* 1895 Bancorp of Wisconsin Inc. 113,359 773
* GoHealth Inc. Class A 70,226 738
  First US Bancshares Inc. 79,463 736
  Bayfirst Financial Corp. 56,203 728
* Nicholas Financial Inc. 107,044 724
  MarketWise Inc. 392,321 679
  Cullman Bancorp Inc. 64,219 639
  TC Bancshares Inc. 46,187 635
  US Global Investors Inc. Class A 226,209 629
  IF Bancorp Inc. 37,943 626
  AmeriServ Financial Inc. 234,364 609
* Generations Bancorp NY Inc. 58,856 580
  Auburn National Bancorp Inc. 29,648 571
1 Blue Ridge Bankshares Inc. 210,890 567
* OppFi Inc. 221,110 553
* Kingstone Cos. Inc. 123,172 548
*,1 Bakkt Holdings Inc. Class A 1,170,281 538
* First Seacoast Bancorp 62,608 525
* Katapult Holdings Inc. 43,563 508
  Manhattan Bridge Capital Inc. 97,375 493
  Pathfinder Bancorp Inc. 36,045 452
  Value Line Inc. 10,721 434
* Broadway Financial Corp. 78,709 434
  Hennessy Advisors Inc. 58,395 403
* Usio Inc. 234,439 399
* Finance of America Cos. Inc. Class A 445,632 328
* Siebert Financial Corp. 150,413 317
* Vericity Inc. 26,227 298

          Shares Market
Value
($000)
* FlexShopper Inc.    194,566         290
1 Texas Community Bancshares Inc.     20,023         290
* NSTS Bancorp Inc.     28,398         271
* OptimumBank Holdings Inc.     59,642         256
* Bogota Financial Corp.     35,315         250
* BM Technologies Inc.    144,374         238
  Atlantic American Corp.     88,541         237
*,1 Marpai Inc. Class A     96,992         237
  Kentucky First Federal Bancorp     53,070         203
* PB Bankshares Inc.     13,400         172
  Home Federal Bancorp Inc. of Louisiana     13,680         169
* Income Opportunity Realty Investors Inc.      8,889         147
* AppTech Payments Corp.    149,956         144
  Village Bank & Trust Financial Corp.      3,112         133
* Carver Bancorp Inc. 71,288 109
* Ryvyl Inc. 35,394 103
* Oxbridge Re Holdings Ltd. 85,132 90
* Central Plains Bancshares Inc. 7,126 73
1 Glen Burnie Bancorp 12,758 70
* Patriot National Bancorp Inc. 18,171 66
*,1 OLB Group Inc. 112,818 64
*,1 Beneficient Class A 962,056 64
*,1 LM Funding America Inc. 16,506 60
* Ashford Inc. 25,046 57
* Lake Shore Bancorp Inc. 4,703 55
* SHF Holdings Inc. 38,651 37
  Cohen & Co. Inc. 4,688 33
* ICC Holdings Inc. 1,826 29
* Conifer Holdings Inc. 25,019 28
* XBP Europe Holdings Inc. 13,611 28
* Reliance Global Group Inc. 40,514 14
* CFSB Bancorp Inc. 1,201 9
* Netcapital Inc. 52,818 7
*,1 Mill City Ventures III Ltd. 492 1
* Marygold Cos. Inc. 113
            18,320,477
Health Care (11.7%)
* Veeva Systems Inc. Class A 2,192,924 508,079
* Alnylam Pharmaceuticals Inc. 1,878,178 280,694
* Avantor Inc. 10,117,333 258,700
* BioMarin Pharmaceutical Inc. 2,815,836 245,935
* Neurocrine Biosciences Inc. 1,487,434 205,147
* Exact Sciences Corp. 2,705,303 186,828
* Sarepta Therapeutics Inc. 1,399,841 181,223
* Shockwave Medical Inc. 552,783 180,003
  Royalty Pharma plc Class A 5,746,643 174,526
* United Therapeutics Corp. 702,590 161,399
* Tenet Healthcare Corp. 1,519,725 159,738
* Natera Inc. 1,689,911 154,559
  Chemed Corp. 224,714 144,251
* Repligen Corp. 777,584 143,013
* Medpace Holdings Inc. 348,730 140,939
* Viking Therapeutics Inc. 1,600,719 131,259
  Bruker Corp. 1,389,553 130,535
* Penumbra Inc. 578,225 129,048
  Encompass Health Corp. 1,499,445 123,824
* Elanco Animal Health Inc. 7,377,033 120,098
* Jazz Pharmaceuticals plc 940,964 113,311

          Shares Market
Value
($000)
* Acadia Healthcare Co. Inc.  1,380,268     109,345
* Exelixis Inc.  4,558,615     108,176
* HealthEquity Inc.  1,284,372     104,843
  Ensign Group Inc.    837,555     104,209
* Cytokinetics Inc.  1,468,843     102,981
* Vaxcyte Inc.  1,460,754      99,784
* Masimo Corp.    665,326      97,703
* Inspire Medical Systems Inc.    443,099      95,173
* Ionis Pharmaceuticals Inc.  2,146,139      93,035
* Intra-Cellular Therapies Inc.  1,340,731      92,779
* Globus Medical Inc. Class A  1,725,868      92,576
* Apellis Pharmaceuticals Inc.  1,526,684      89,738
* Option Care Health Inc.  2,652,080      88,951
* Blueprint Medicines Corp.    909,559      86,281
*,1 CRISPR Therapeutics AG 1,189,400 81,069
* Halozyme Therapeutics Inc. 1,976,893 80,420
  Organon & Co. 3,825,289 71,915
* Glaukos Corp. 729,481 68,783
* Alkermes plc 2,496,259 67,574
  Perrigo Co. plc 2,038,207 65,610
* Merit Medical Systems Inc. 864,666 65,498
* Krystal Biotech Inc. 366,117 65,143
* Haemonetics Corp. 760,639 64,921
* Lantheus Holdings Inc. 1,025,717 63,841
* REVOLUTION Medicines Inc. 1,934,528 62,350
* Madrigal Pharmaceuticals Inc. 233,226 62,281
* Bridgebio Pharma Inc. 1,931,252 59,714
* 10X Genomics Inc. Class A 1,558,563 58,493
* Insmed Inc. 2,145,735 58,214
* Integer Holdings Corp. 497,743 58,077
* Ultragenyx Pharmaceutical Inc. 1,221,983 57,054
* Evolent Health Inc. Class A 1,721,288 56,441
* Cerevel Therapeutics Holdings Inc. 1,325,701 56,037
* Biohaven Ltd. 1,002,610 54,833
* Envista Holdings Corp. 2,563,935 54,817
* Iovance Biotherapeutics Inc. 3,631,204 53,814
* Roivant Sciences Ltd. 5,085,818 53,605
* Fortrea Holdings Inc. 1,331,487 53,446
* Prestige Consumer Healthcare Inc. 735,802 53,390
* iRhythm Technologies Inc. 458,805 53,221
* Arrowhead Pharmaceuticals Inc. 1,848,614 52,870
* Axonics Inc. 759,655 52,393
* Azenta Inc. 841,922 50,751
* Ideaya Biosciences Inc. 1,124,814 49,357
* Doximity Inc. Class A 1,829,024 49,219
* Progyny Inc. 1,246,501 47,554
* RadNet Inc. 975,121 47,449
  Select Medical Holdings Corp. 1,570,002 47,336
* SpringWorks Therapeutics Inc. 953,465 46,930
* Neogen Corp. 2,948,511 46,527
* Enovis Corp. 741,189 46,287
* Axsome Therapeutics Inc. 579,402 46,236
* Amicus Therapeutics Inc. 3,875,885 45,658
* LivaNova plc 806,234 45,101
* Amedisys Inc. 485,080 44,705
* Arvinas Inc. 1,026,208 42,362
* Crinetics Pharmaceuticals Inc. 867,242 40,596
* Celldex Therapeutics Inc. 947,110 39,750

          Shares Market
Value
($000)
  Premier Inc. Class A  1,783,994      39,426
* R1 RCM Inc.  2,963,785      38,174
* Denali Therapeutics Inc.  1,854,474      38,054
* Teladoc Health Inc.  2,487,718      37,565
* Guardant Health Inc.  1,800,134      37,137
* Vericel Corp.    710,748      36,973
* Inari Medical Inc.    767,092      36,805
  CONMED Corp.    459,258      36,777
*,1 Intellia Therapeutics Inc.  1,336,335      36,763
* Arcellx Inc.    521,157      36,246
* TransMedics Group Inc.    489,208      36,172
* Integra LifeSciences Holdings Corp.  1,017,773      36,080
* Nuvalent Inc. Class A    475,582      35,711
* QuidelOrtho Corp.    741,388      35,542
* CorVel Corp. 135,091 35,524
* AMN Healthcare Services Inc. 566,341 35,402
* Tandem Diabetes Care Inc. 977,122 34,600
*,1 Corcept Therapeutics Inc. 1,350,683 34,024
* Hims & Hers Health Inc. 2,191,954 33,910
  Patterson Cos. Inc. 1,226,378 33,909
* Beam Therapeutics Inc. 1,025,455 33,881
* ACADIA Pharmaceuticals Inc. 1,788,451 33,068
* PTC Therapeutics Inc. 1,128,575 32,830
* Surgery Partners Inc. 1,100,040 32,814
* PROCEPT BioRobotics Corp. 662,276 32,730
* ICU Medical Inc. 303,441 32,565
* Rhythm Pharmaceuticals Inc. 750,347 32,513
* Owens & Minor Inc. 1,146,299 31,764
* TG Therapeutics Inc. 1,995,167 30,346
* Syndax Pharmaceuticals Inc. 1,266,676 30,147
* Privia Health Group Inc. 1,534,152 30,054
* NeoGenomics Inc. 1,908,643 30,004
* Twist Bioscience Corp. 857,316 29,415
* Myriad Genetics Inc. 1,348,277 28,745
* Certara Inc. 1,606,185 28,719
* Vera Therapeutics Inc. Class A 652,725 28,145
* STAAR Surgical Co. 730,193 27,952
* Supernus Pharmaceuticals Inc. 813,287 27,741
* agilon health Inc. 4,531,905 27,645
* Immunovant Inc. 842,678 27,227
* Rocket Pharmaceuticals Inc. 1,005,983 27,101
* UFP Technologies Inc. 107,203 27,037
* Keros Therapeutics Inc. 407,872 27,001
* Alpine Immune Sciences Inc. 677,149 26,842
* Astrana Health Inc. 633,512 26,601
* Catalyst Pharmaceuticals Inc. 1,660,569 26,469
* Kymera Therapeutics Inc. 646,585 25,993
* Veracyte Inc. 1,165,670 25,831
*,1 Apogee Therapeutics Inc. 387,559 25,753
* Ardelyx Inc. 3,494,905 25,513
* Avidity Biosciences Inc. 993,852 25,363
* Akero Therapeutics Inc. 997,413 25,195
  US Physical Therapy Inc. 222,279 25,089
* Addus HomeCare Corp. 242,527 25,063
* Protagonist Therapeutics Inc. 860,110 24,883
* Amphastar Pharmaceuticals Inc. 563,797 24,756
* Dyne Therapeutics Inc. 857,433 24,343
* Kura Oncology Inc. 1,140,481 24,326

          Shares Market
Value
($000)
* Agios Pharmaceuticals Inc.    831,845      24,323
* Dynavax Technologies Corp.  1,919,735      23,824
*,1 Recursion Pharmaceuticals Inc. Class A  2,368,007      23,609
* Geron Corp.  7,104,685      23,445
* Novocure Ltd.  1,461,035      22,836
* Sotera Health Co.  1,863,287      22,378
* Schrodinger Inc.    819,537      22,127
* AtriCure Inc.    707,072      21,509
* Morphic Holding Inc.    608,172      21,408
* ADMA Biologics Inc.  3,172,757      20,940
* Xencor Inc.    921,887      20,401
* Pacira BioSciences Inc.    689,878      20,158
* Alphatec Holdings Inc.  1,445,893      19,939
* Omnicell Inc.    680,331      19,886
  LeMaitre Vascular Inc. 294,887 19,569
* Brookdale Senior Living Inc. 2,863,228 18,926
  National HealthCare Corp. 199,633 18,867
* Collegium Pharmaceutical Inc. 484,861 18,822
* Phreesia Inc. 783,872 18,758
* MannKind Corp. 4,014,234 18,184
* Ligand Pharmaceuticals Inc. 245,341 17,934
* Edgewise Therapeutics Inc. 983,135 17,932
* Ironwood Pharmaceuticals Inc. Class A 2,054,804 17,897
*,1 Spyre Therapeutics Inc. 470,457 17,844
* RxSight Inc. 342,711 17,677
* 4D Molecular Therapeutics Inc. 553,799 17,644
* Harmony Biosciences Holdings Inc. 500,628 16,811
* ANI Pharmaceuticals Inc. 235,218 16,261
*,1 Sana Biotechnology Inc. 1,617,487 16,175
* BioCryst Pharmaceuticals Inc. 3,159,306 16,049
* Ocular Therapeutix Inc. 1,694,806 15,423
* Arcus Biosciences Inc. 802,601 15,153
* Arcutis Biotherapeutics Inc. 1,502,917 14,894
* Tarsus Pharmaceuticals Inc. 408,178 14,837
*,1 Immunome Inc. 599,210 14,788
* Sage Therapeutics Inc. 786,486 14,739
* Day One Biopharmaceuticals Inc. 879,536 14,530
* Viridian Therapeutics Inc. 829,111 14,518
* Maravai LifeSciences Holdings Inc. Class A 1,665,608 14,441
* Prothena Corp. plc 581,959 14,415
* 89bio Inc. 1,214,164 14,133
* Pacific Biosciences of California Inc. 3,747,341 14,053
* AdaptHealth Corp. Class A 1,219,167 14,033
* Avanos Medical Inc. 704,328 14,023
* Deciphera Pharmaceuticals Inc. 880,693 13,853
* Inhibrx Inc. 394,171 13,780
* CG oncology Inc. 310,551 13,633
* MacroGenics Inc. 924,555 13,609
* Vir Biotechnology Inc. 1,338,429 13,558
*,1 Mirum Pharmaceuticals Inc. 539,042 13,541
* Zentalis Pharmaceuticals Inc. 858,817 13,535
* MiMedx Group Inc. 1,755,103 13,514
*,1 Janux Therapeutics Inc. 348,845 13,134
* Innoviva Inc. 860,236 13,110
* Scholar Rock Holding Corp. 737,872 13,105
* CryoPort Inc. 738,935 13,079
* REGENXBIO Inc. 601,780 12,679
* Arcturus Therapeutics Holdings Inc. 367,071 12,396

          Shares Market
Value
($000)
* Pediatrix Medical Group Inc.  1,233,455      12,372
* Artivion Inc.    583,907      12,355
*,1 ImmunityBio Inc.  2,291,408      12,305
* Verve Therapeutics Inc.    923,972      12,270
* Quanterix Corp.    519,037      12,229
* Pliant Therapeutics Inc.    813,224      12,117
* Praxis Precision Medicines Inc.    197,316      12,040
*,1 Cassava Sciences Inc.    592,211      12,016
* Disc Medicine Inc.    185,669      11,560
  Embecta Corp.    868,520      11,525
* Relay Therapeutics Inc.  1,381,156      11,464
* EyePoint Pharmaceuticals Inc.    552,128      11,412
* Varex Imaging Corp.    625,339      11,319
* Accolade Inc.  1,061,916      11,129
* Liquidia Corp. 747,376 11,024
* Silk Road Medical Inc. 584,919 10,716
* Standard BioTools Inc. 3,781,269 10,247
  Simulations Plus Inc. 248,521 10,227
* Cytek Biosciences Inc. 1,522,675 10,217
* Nurix Therapeutics Inc. 687,212 10,102
  HealthStream Inc. 376,934 10,049
* Amneal Pharmaceuticals Inc. 1,647,954 9,987
*,1 Soleno Therapeutics Inc. 229,475 9,822
  Atrion Corp. 21,127 9,793
* BioLife Solutions Inc. 525,144 9,741
* Cabaletta Bio Inc. 561,212 9,574
* Editas Medicine Inc. 1,289,099 9,565
* Cross Country Healthcare Inc. 509,430 9,537
* Astria Therapeutics Inc. 668,863 9,414
* Evolus Inc. 660,669 9,249
* Cullinan Oncology Inc. 539,910 9,200
* SI-BONE Inc. 561,796 9,197
* Fate Therapeutics Inc. 1,249,412 9,171
* Enhabit Inc. 782,894 9,121
* Kiniksa Pharmaceuticals Ltd. Class A 456,336 9,004
* ORIC Pharmaceuticals Inc. 653,274 8,983
* Olema Pharmaceuticals Inc. 790,630 8,950
*,1 BrightSpring Health Services Inc. 822,636 8,942
* Pennant Group Inc. 453,589 8,904
  National Research Corp. 224,592 8,896
* Castle Biosciences Inc. 400,205 8,865
*,1 Novavax Inc. 1,854,451 8,864
* CareDx Inc. 834,567 8,838
* Treace Medical Concepts Inc. 671,137 8,758
* LifeStance Health Group Inc. 1,390,394 8,579
  Mesa Laboratories Inc. 77,509 8,505
* WaVe Life Sciences Ltd. 1,376,466 8,493
* GoodRx Holdings Inc. Class A 1,183,979 8,406
* Longboard Pharmaceuticals Inc. 386,369 8,346
*,1 Altimmune Inc. 805,315 8,198
* Perspective Therapeutics Inc. 6,762,961 8,048
* Orthofix Medical Inc. 549,680 7,981
*,1 ARS Pharmaceuticals Inc. 768,843 7,858
*,1 OPKO Health Inc. 6,542,048 7,850
* Travere Therapeutics Inc. 1,016,331 7,836
*,1 Neurogene Inc. 153,821 7,829
*,1 Summit Therapeutics Inc. 1,882,852 7,795
* Nevro Corp. 539,357 7,788

          Shares Market
Value
($000)
* OmniAb Inc.  1,425,542       7,726
* Talkspace Inc.  2,144,285       7,655
* Cogent Biosciences Inc.  1,138,509       7,651
* Alignment Healthcare Inc.  1,528,509       7,581
* Y-mAbs Therapeutics Inc.    462,334       7,518
*,1 Korro Bio Inc.     82,731       7,446
* Annexon Inc.  1,035,011       7,421
*,1 Allogene Therapeutics Inc.  1,646,255       7,359
* Nuvation Bio Inc.  2,020,183       7,353
* Paragon 28 Inc.    594,991       7,348
* Marinus Pharmaceuticals Inc.    811,007       7,331
* Nkarta Inc.    670,294       7,246
* OrthoPediatrics Corp.    248,338       7,242
* PetIQ Inc. Class A    392,529       7,175
* Voyager Therapeutics Inc. 768,427 7,154
* Fulcrum Therapeutics Inc. 742,401 7,008
* Savara Inc. 1,402,404 6,984
* OraSure Technologies Inc. 1,122,970 6,906
*,1 Esperion Therapeutics Inc. 2,535,923 6,796
* Mersana Therapeutics Inc. 1,516,491 6,794
* Community Health Systems Inc. 1,926,142 6,741
* Revance Therapeutics Inc. 1,363,431 6,708
* Zimvie Inc. 405,481 6,686
* Health Catalyst Inc. 878,213 6,613
* Replimune Group Inc. 807,735 6,599
* Surmodics Inc. 224,133 6,576
* Fulgent Genetics Inc. 302,431 6,563
*,1 Cargo Therapeutics Inc. 293,924 6,560
* MaxCyte Inc. 1,555,303 6,517
* Avid Bioservices Inc. 953,662 6,390
* Caribou Biosciences Inc. 1,223,166 6,287
* Corbus Pharmaceuticals Holdings Inc. 159,705 6,267
* Larimar Therapeutics Inc. 823,331 6,249
*,1 Anavex Life Sciences Corp. 1,227,212 6,247
* Avita Medical Inc. 389,334 6,241
*,1 Harrow Inc. 471,616 6,239
* AnaptysBio Inc. 275,260 6,199
*,1 Heron Therapeutics Inc. 2,203,849 6,105
* Tango Therapeutics Inc. 766,907 6,089
* Alector Inc. 1,010,332 6,082
* Anika Therapeutics Inc. 235,780 5,989
* HilleVax Inc. 359,855 5,984
* Definitive Healthcare Corp. Class A 725,602 5,856
* Tactile Systems Technology Inc. 358,162 5,820
* Kyverna Therapeutics Inc. 232,962 5,787
*,1 Shattuck Labs Inc. 641,475 5,735
*,1 Aerovate Therapeutics Inc. 191,288 5,656
*,1 Applied Therapeutics Inc. 831,291 5,653
*,1 Jasper Therapeutics Inc. 190,293 5,587
*,1 Phathom Pharmaceuticals Inc. 524,786 5,573
* Tyra Biosciences Inc. 339,262 5,564
*,1 C4 Therapeutics Inc. 680,208 5,557
* Viemed Healthcare Inc. 587,246 5,538
  Tourmaline Bio Inc. 241,727 5,536
* Cerus Corp. 2,893,988 5,470
*,1 Enliven Therapeutics Inc. 309,312 5,441
* Adaptive Biotechnologies Corp. 1,693,804 5,437
* Pulmonx Corp. 586,456 5,436

          Shares Market
Value
($000)
* Stoke Therapeutics Inc.    397,530       5,367
* DocGo Inc.  1,327,602       5,364
* iTeos Therapeutics Inc.    391,052       5,334
* Lyell Immunopharma Inc.  2,391,088       5,332
*,1 Biomea Fusion Inc.    356,387       5,328
*,1 Cibus Inc. Class A    235,017       5,278
* Axogen Inc.    653,620       5,275
* Inozyme Pharma Inc.    679,651       5,206
*,1 Ocugen Inc.  3,173,760       5,205
*,1 Absci Corp.    913,421       5,188
*,1 Mind Medicine MindMed Inc.    551,691       5,186
* Agiliti Inc.    510,813       5,169
  iRadimed Corp.    116,736       5,135
* Atea Pharmaceuticals Inc.  1,212,939       4,900
* Enanta Pharmaceuticals Inc. 280,040 4,889
  SIGA Technologies Inc. 564,397 4,831
* Aura Biosciences Inc. 609,885 4,788
* Akebia Therapeutics Inc. 2,602,859 4,763
* Xeris Biopharma Holdings Inc. 2,118,293 4,681
* Solid Biosciences Inc. 350,452 4,668
*,1 Theravance Biopharma Inc. 510,234 4,577
* Inovio Pharmaceuticals Inc. 328,977 4,566
* ModivCare Inc. 193,993 4,549
* Sutro Biopharma Inc. 794,858 4,491
*,1 ALX Oncology Holdings Inc. 401,985 4,482
* Arbutus Biopharma Corp. 1,715,068 4,425
* TScan Therapeutics Inc. 555,193 4,408
*,1 Lexicon Pharmaceuticals Inc. 1,813,954 4,353
* Taysha Gene Therapies Inc. 1,505,855 4,322
*,1 Verastem Inc. 360,608 4,255
*,1 Clover Health Investments Corp. Class A 5,315,950 4,221
* LifeMD Inc. 406,860 4,183
*,1 Lineage Cell Therapeutics Inc. 2,814,846 4,166
*,1 2seventy bio Inc. 777,592 4,160
*,1 Prime Medicine Inc. 593,826 4,157
*,1 Entrada Therapeutics Inc. 292,648 4,147
* RAPT Therapeutics Inc. 458,854 4,121
* PepGen Inc. 278,038 4,087
* Bluebird Bio Inc. 3,191,398 4,085
* Adverum Biotechnologies Inc. 285,796 4,041
* KalVista Pharmaceuticals Inc. 338,484 4,014
*,1 Senseonics Holdings Inc. 7,453,386 3,958
* Celcuity Inc. 179,948 3,887
*,1 Ventyx Biosciences Inc. 696,133 3,829
*,1 AEON Biopharma Inc. 328,548 3,811
* Sharecare Inc. 4,949,573 3,799
*,1 Zynex Inc. 303,630 3,756
* AngioDynamics Inc. 631,882 3,709
  Phibro Animal Health Corp. Class A 284,845 3,683
* Rigel Pharmaceuticals Inc. 2,427,377 3,593
* Vanda Pharmaceuticals Inc. 870,631 3,578
* Accuray Inc. 1,445,720 3,571
* Invivyd Inc. 797,404 3,540
* Tenaya Therapeutics Inc. 676,059 3,536
* Codexis Inc. 1,012,856 3,535
* uniQure NV 676,303 3,517
* Terns Pharmaceuticals Inc. 532,520 3,493
  Utah Medical Products Inc. 48,796 3,470

          Shares Market
Value
($000)
* Biote Corp. Class A    586,048       3,399
* Gossamer Bio Inc.  2,879,795       3,398
*,1 Neumora Therapeutics Inc.    246,188       3,385
* Gritstone bio Inc.  1,290,634       3,317
*,1 Gyre Therapeutics Inc.    189,757       3,317
*,1 Coherus Biosciences Inc.  1,386,562       3,314
* Multiplan Corp.  4,065,334       3,298
*,1 Vaxart Inc.  2,523,623       3,281
*,1 CorMedix Inc.    770,617       3,267
* American Well Corp. Class A  4,029,495       3,267
* Black Diamond Therapeutics Inc.    639,408       3,242
*,1 Omeros Corp.    935,998       3,229
*,1 Cardiff Oncology Inc.    600,175       3,205
*,1 Actinium Pharmaceuticals Inc.    409,253       3,204
* Poseida Therapeutics Inc. Class A 993,340 3,169
* OptimizeRx Corp. 260,729 3,168
* Inotiv Inc. 288,183 3,153
* Monte Rosa Therapeutics Inc. 447,248 3,153
*,1 Sonida Senior Living Inc. 109,339 3,124
*,1 ACELYRIN Inc. 462,489 3,122
* Aquestive Therapeutics Inc. 732,739 3,121
* FibroGen Inc. 1,321,318 3,105
* Puma Biotechnology Inc. 585,850 3,105
* Capricor Therapeutics Inc. 451,342 3,065
* Agenus Inc. 5,229,774 3,033
* Organogenesis Holdings Inc. Class A 1,063,924 3,022
* CVRx Inc. 165,802 3,019
* Merrimack Pharmaceuticals Inc. 203,398 3,004
*,1 Atossa Therapeutics Inc. 1,664,345 2,996
* Generation Bio Co. 718,076 2,923
*,1 ArriVent Biopharma Inc. 162,840 2,908
* Joint Corp. 214,460 2,801
* Humacyte Inc. 891,611 2,773
*,1 Precigen Inc. 1,911,098 2,771
* Inogen Inc. 343,091 2,769
* Zevra Therapeutics Inc. 475,127 2,756
* Compass Therapeutics Inc. 1,376,010 2,724
* G1 Therapeutics Inc. 625,460 2,702
* Lyra Therapeutics Inc. 428,233 2,664
* ChromaDex Corp. 747,814 2,602
* X4 Pharmaceuticals Inc. 1,846,643 2,567
*,1 Coya Therapeutics Inc. 258,494 2,564
* Vistagen Therapeutics Inc. 483,663 2,554
*,1 IGM Biosciences Inc. 263,652 2,544
*,1 Bioventus Inc. Class A 488,385 2,540
* Adicet Bio Inc. 1,079,499 2,537
* Lexeo Therapeutics Inc. 160,382 2,515
*,1 Quantum-Si Inc. 1,273,542 2,509
* XOMA Corp. 104,069 2,503
*,1 Immunic Inc. 1,895,207 2,502
* Nektar Therapeutics Class A 2,676,857 2,501
* Mineralys Therapeutics Inc. 193,358 2,496
* Karyopharm Therapeutics Inc. 1,642,989 2,481
*,1 23andMe Holding Co. Class A 4,664,470 2,481
*,1 GeneDx Holdings Corp. Class A 270,067 2,466
* Sera Prognostics Inc. Class A 270,663 2,463
* InfuSystem Holdings Inc. 286,920 2,459
* Erasca Inc. 1,180,377 2,432

          Shares Market
Value
($000)
* Harvard Bioscience Inc.    572,586       2,428
*,1 Elevation Oncology Inc.    471,173       2,417
* Kodiak Sciences Inc.    458,129       2,410
* Ovid therapeutics Inc.    789,118       2,407
* Aldeyra Therapeutics Inc.    735,041       2,404
* Werewolf Therapeutics Inc.    368,842       2,390
* Stereotaxis Inc.    901,095       2,352
* Sight Sciences Inc.    445,384       2,352
* Dianthus Therapeutics Inc.     78,174       2,345
* ClearPoint Neuro Inc.    344,389       2,342
*,1 Cellectar Biosciences Inc.    588,407       2,342
*,1 Butterfly Network Inc.  2,165,218       2,338
* Abeona Therapeutics Inc.    319,138       2,314
* Augmedix Inc.    559,046       2,286
*,1 Pulse Biosciences Inc. 257,244 2,241
* Alto Neuroscience Inc. 143,893 2,209
* Semler Scientific Inc. 75,585 2,208
* GlycoMimetics Inc. 730,599 2,192
*,1 Orchestra BioMed Holdings Inc. 414,591 2,185
* Alimera Sciences Inc. 538,980 2,102
*,2 PDL BioPharma Inc. 1,757,467 2,091
* CytomX Therapeutics Inc. 946,563 2,063
*,1 Scilex Holding Co. 1,281,597 2,038
* TruBridge Inc. 220,691 2,035
* FONAR Corp. 94,631 2,021
* XBiotech Inc. 245,175 1,993
* NeuroPace Inc. 149,349 1,971
* Third Harmonic Bio Inc. 208,734 1,970
* Nautilus Biotechnology Inc. Class A 667,635 1,963
*,1 Zomedica Corp. 13,413,683 1,957
*,1 Inmune Bio Inc. 165,874 1,949
* Lifecore Biomedical Inc. 363,800 1,932
* Neuronetics Inc. 403,878 1,922
* Foghorn Therapeutics Inc. 286,260 1,921
* Acumen Pharmaceuticals Inc. 472,172 1,912
*,1 Pyxis Oncology Inc. 446,185 1,901
* Emergent BioSolutions Inc. 751,111 1,900
* Trevi Therapeutics Inc. 545,878 1,883
* BioAtla Inc. 545,526 1,877
*,1 Genelux Corp. 284,119 1,827
*,1 Citius Pharmaceuticals Inc. 1,957,895 1,757
*,1 Verrica Pharmaceuticals Inc. 289,249 1,712
*,1 PDS Biotechnology Corp. 431,144 1,707
* Amylyx Pharmaceuticals Inc. 600,395 1,705
* Outset Medical Inc. 753,842 1,674
* Relmada Therapeutics Inc. 353,625 1,644
* Design Therapeutics Inc. 399,505 1,610
*,1 Galectin Therapeutics Inc. 670,160 1,602
* Aveanna Healthcare Holdings Inc. 643,282 1,602
* Electromed Inc. 98,146 1,585
*,1 TriSalus Life Sciences Inc. 162,023 1,580
* aTyr Pharma Inc. 787,409 1,535
* scPharmaceuticals Inc. 305,088 1,532
* Sanara Medtech Inc. 41,129 1,522
* Optinose Inc. 1,032,248 1,507
*,1 Metagenomi Inc. 141,338 1,491
* Akoya Biosciences Inc. 306,112 1,436
*,3 Scilex Holding Co. (Acquired 1/23/23, Cost $5,738) 970,179 1,388

          Shares Market
Value
($000)
* Chimerix Inc.  1,308,906       1,387
*,1 CEL - SCI Corp.    691,935       1,322
* Anixa Biosciences Inc.    420,658       1,312
* Rezolute Inc.    512,314       1,306
* Tela Bio Inc.    226,799       1,286
* Sangamo Therapeutics Inc.  1,906,425       1,278
* KORU Medical Systems Inc.    539,920       1,274
* Allakos Inc.  1,009,952       1,273
*,1 Greenwich Lifesciences Inc.     63,557       1,267
* Assertio Holdings Inc.  1,307,570       1,254
* Century Therapeutics Inc.    299,597       1,252
*,1 Zura Bio Ltd. Class A    483,300       1,242
* Athira Pharma Inc.    452,018       1,239
* Achieve Life Sciences Inc.    271,469       1,234
* Vor BioPharma Inc. 519,630 1,232
* Syros Pharmaceuticals Inc. 225,421 1,206
*,1 Annovis Bio Inc. 101,298 1,205
*,1 Sagimet Biosciences Inc. Class A 217,650 1,180
*,1 ProPhase Labs Inc. 181,391 1,174
* Mural Oncology plc 236,779 1,158
* Eton Pharmaceuticals Inc. 307,580 1,153
*,1 Renovaro Inc. 428,393 1,135
* Clearside Biomedical Inc. 739,252 1,131
*,1 Omega Therapeutics Inc. 309,866 1,131
* Cue Biopharma Inc. 597,569 1,129
* Innovage Holding Corp. 253,304 1,125
*,1 Seres Therapeutics Inc. 1,449,776 1,122
* Cartesian Therapeutics Inc. 1,696,040 1,102
* Delcath Systems Inc. 228,198 1,088
* Vincerx Pharma Inc. 211,921 1,072
*,1 Reviva Pharmaceuticals Holdings Inc. 279,273 1,056
*,1 Outlook Therapeutics Inc. 87,919 1,050
* Aclaris Therapeutics Inc. 820,732 1,018
* Spero Therapeutics Inc. 587,342 1,010
* Seer Inc. Class A 517,365 983
* Prelude Therapeutics Inc. 206,257 978
* Societal CDMO Inc. 895,862 968
* Cidara Therapeutics Inc. 1,047,746 964
  LENZ Therapeutics Inc. 43,163 964
*,1 AirSculpt Technologies Inc. 156,689 962
* NGM Biopharmaceuticals Inc. 598,937 952
* Atara Biotherapeutics Inc. 1,361,836 945
* PMV Pharmaceuticals Inc. 540,351 919
* Curis Inc. 81,306 884
* MediciNova Inc. 607,734 881
* Myomo Inc. 269,445 881
* Lantern Pharma Inc. 99,265 874
*,1 Acrivon Therapeutics Inc. 120,699 863
* AN2 Therapeutics Inc. 261,931 851
* Immuneering Corp. Class A 289,196 836
* Assembly Biosciences Inc. 62,266 828
*,1 Bioxcel Therapeutics Inc. 293,322 827
* Personalis Inc. 539,279 804
* Kewaunee Scientific Corp. 23,306 794
* Eagle Pharmaceuticals Inc. 150,918 791
* Matinas BioPharma Holdings Inc. 2,919,345 791
* Sensus Healthcare Inc. 207,423 788
* Enzo Biochem Inc. 618,881 786

          Shares Market
Value
($000)
*,1 Asensus Surgical Inc.  3,399,924         782
*,1 Carisma Therapeutics Inc.    342,628         778
* enVVeno Medical Corp.    140,985         767
* Corvus Pharmaceuticals Inc.    429,516         765
* Forian Inc.    229,226         761
*,1 Conduit Pharmaceuticals Inc.    202,934         745
*,1 Celularity Inc. Class A    140,509         735
* Kronos Bio Inc.    559,541         727
*,1 ProKidney Corp. Class A    442,808         726
* SCYNEXIS Inc.    479,862         705
* Kinnate Biopharma Inc.    264,345         703
* DiaMedica Therapeutics Inc.    249,853         692
* Kezar Life Sciences Inc.    764,730         689
* Biodesix Inc.    481,484         689
* Great Elm Group Inc. 358,816 689
* Avrobio Inc. 537,481 688
*,1 Tempest Therapeutics Inc. 174,007 680
* Oncology Institute Inc. 422,983 668
* Hyperfine Inc. Class A 667,271 667
* Passage Bio Inc. 493,230 666
*,1 Beyond Air Inc. 374,314 651
* Allovir Inc. 858,612 648
* CervoMed Inc. 26,694 622
* Leap Therapeutics Inc. 226,112 601
*,1 Ocean Biomedical Inc. 156,202 591
* Rockwell Medical Inc. 355,638 590
* Cara Therapeutics Inc. 645,753 588
* Ocuphire Pharma Inc. 288,947 581
* Vigil Neuroscience Inc. 170,238 581
* Aadi Bioscience Inc. 247,520 579
*,1 Regulus Therapeutics Inc. 200,187 577
*,1 Fractyl Health Inc. 77,633 574
* Equillium Inc. 247,430 572
* Apyx Medical Corp. 414,663 564
* Protara Therapeutics Inc. 140,668 564
*,1 Bionano Genomics Inc. 505,292 561
*,1 Vivani Medical Inc. 302,542 560
* IN8bio Inc. 471,410 556
*,1 DarioHealth Corp. 355,607 544
* CytoSorbents Corp. 568,233 540
* Precision BioSciences Inc. 39,093 530
* iCAD Inc. 319,228 514
* Q32 Bio Inc. 29,774 507
* Co-Diagnostics Inc. 444,776 498
* Hookipa Pharma Inc. 696,373 496
*,1 Checkpoint Therapeutics Inc. 242,152 496
* IRIDEX Corp. 164,113 489
* Eledon Pharmaceuticals Inc. 233,460 481
* LENSAR Inc. 133,235 473
*,1 VolitionRX Ltd. 622,449 471
* Elutia Inc. 148,707 468
*,1 Nuvectis Pharma Inc. 57,030 468
* Dare Bioscience Inc. 947,802 465
* Reneo Pharmaceuticals Inc. 278,541 462
*,1 Rani Therapeutics Holdings Inc. Class A 148,451 462
* Rallybio Corp. 248,743 460
* Ikena Oncology Inc. 318,152 452
* NextCure Inc. 201,978 450

          Shares Market
Value
($000)
* Durect Corp.    363,771         440
* Instil Bio Inc.     40,517         438
*,1 Carmell Corp.    168,310         431
*,1 Eyenovia Inc.    430,389         424
*,1 SELLAS Life Sciences Group Inc.    412,707         417
*,1 Gain Therapeutics Inc.    109,849         414
* HeartBeam Inc.    186,833         407
* Vaxxinity Inc. Class A    562,125         403
* Milestone Scientific Inc.    644,906         402
* Journey Medical Corp.    109,083         401
* Armata Pharmaceuticals Inc.     94,147         394
* Pro-Dex Inc.     22,090         388
* Lipocine Inc.     74,283         386
*,1 Cutera Inc.    255,224         375
*,1 Marker Therapeutics Inc. 87,137 375
*,1 Envoy Medical Inc. 94,602 371
*,1 Alaunos Therapeutics Inc. 204,718 371
* P3 Health Partners Inc. 355,045 366
* Cognition Therapeutics Inc. 196,541 358
* Immix Biopharma Inc. 116,506 358
*,1 Acurx Pharmaceuticals Inc. 145,537 357
* ElectroCore Inc. 57,460 355
* ImmuCell Corp. 66,638 353
* Champions Oncology Inc. 69,171 339
* Singular Genomics Systems Inc. 649,099 334
*,1 Cardio Diagnostics Holdings Inc. 232,139 330
* Eliem Therapeutics Inc. 119,083 326
* Onconova Therapeutics Inc. 321,970 325
* UNITY Biotechnology Inc. 194,785 319
  MEI Pharma Inc. 79,554 318
*,1 eFFECTOR Therapeutics Inc. 21,664 312
*,1 Quince Therapeutics Inc. 292,778 310
* NeueHealth Inc. 47,738 310
*,1 Lexaria Bioscience Corp. 85,156 309
* Streamline Health Solutions Inc. 630,999 303
*,1 Femasys Inc. 192,667 299
*,1 Nutex Health Inc. 3,109,310 298
* Xtant Medical Holdings Inc. 253,917 297
* Retractable Technologies Inc. 246,784 296
* Vicarious Surgical Inc. Class A 982,654 296
* Unicycive Therapeutics Inc. 212,382 293
* AIM ImmunoTech Inc. 620,229 292
* Viracta Therapeutics Inc. 282,488 288
*,1 Palatin Technologies Inc. 152,232 285
* Clene Inc. 667,091 284
*,1 Owlet Inc. 65,981 284
*,1 TherapeuticsMD Inc. 122,234 280
* Oncternal Therapeutics Inc. 31,061 280
*,1 DermTech Inc. 397,288 279
* Surrozen Inc. 18,127 274
* Aligos Therapeutics Inc. 275,481 270
* Dyadic International Inc. 159,309 266
*,1 Aileron Therapeutics Inc. 40,314 262
* Candel Therapeutics Inc. 159,874 253
  Psychemedics Corp. 85,868 252
* IGC Pharma Inc. 630,222 252
* ARCA biopharma Inc. 141,432 252
*,1 Oncocyte Corp. 84,999 249

          Shares Market
Value
($000)
* NeuroOne Medical Technologies Corp.    206,870         248
* Orgenesis Inc.    300,957         247
* Ekso Bionics Holdings Inc.    179,455         244
* Bolt Biotherapeutics Inc.    172,110         241
* Aspira Women's Health Inc.     77,703         241
* American Shared Hospital Services     81,025         239
*,1 Bright Green Corp.    968,476         236
* Elicio Therapeutics Inc.     30,747         234
* Boundless Bio Inc.     16,379         233
* Cue Health Inc.  1,223,161         231
*,1 Fortress Biotech Inc.    114,328         229
*,1 BrainStorm Cell Therapeutics Inc.    401,014         226
* Exagen Inc.    141,951         226
*,1 Biora Therapeutics Inc.    203,996         224
* Turnstone Biologics Corp. 83,400 218
*,1 NRX Pharmaceuticals Inc. 452,851 214
*,1 VYNE Therapeutics Inc. 68,629 211
* Intensity Therapeutics Inc. 40,587 211
*,1 Cyclo Therapeutics Inc. 150,240 209
* KALA BIO Inc. 26,296 206
*,1 SeaStar Medical Holding Corp. 276,225 203
* Nutriband Inc. 43,254 196
* Alpha Teknova Inc. 76,567 194
*,1 SAB Biotherapeutics Inc. 42,561 193
* Minerva Neurosciences Inc. 74,257 192
* Dominari Holdings Inc. 77,916 191
*,1 Aprea Therapeutics Inc. 28,562 191
* Lisata Therapeutics Inc. 57,596 180
*,1 MAIA Biotechnology Inc. 81,764 180
*,1 vTv Therapeutics Inc. Class A 7,654 180
* NanoViricides Inc. 154,515 179
*,1 Moleculin Biotech Inc. 30,314 179
* PharmaCyte Biotech Inc. 74,919 178
*,1 Predictive Oncology Inc. 69,881 178
* Xilio Therapeutics Inc. 160,024 173
* PAVmed Inc. 79,689 171
* Galecto Inc. 212,689 166
* CareMax Inc. 34,292 165
* Pieris Pharmaceuticals Inc. 885,502 162
* Know Labs Inc. 255,342 161
* Lucid Diagnostics Inc. 193,991 157
*,1 Spruce Biosciences Inc. 197,187 155
* Cryo-Cell International Inc. 19,959 149
1 TRxADE HEALTH Inc. 14,548 149
*,1 Biotricity Inc. 99,728 148
* Senti Biosciences Inc. Class A 386,899 146
* Lumos Pharma Inc. 50,828 143
* Cumberland Pharmaceuticals Inc. 84,244 142
* Biomerica Inc. 169,010 141
* CareCloud Inc. 119,857 139
* Microbot Medical Inc. 108,034 133
*,1 T2 Biosystems Inc. 44,433 133
*,1 Spectral AI Inc. 61,531 131
*,1 Acorda Therapeutics Inc. 10,438 130
* Hepion Pharmaceuticals Inc. 48,908 122
*,1 Organovo Holdings Inc. 114,640 118
* NeuroBo Pharmaceuticals Inc. 28,020 115
*,1 Tracon Pharmaceuticals Inc. 262,772 113

          Shares Market
Value
($000)
* Rapid Micro Biosystems Inc. Class A    116,325         113
* Molecular Templates Inc.     49,888         112
* Talis Biomedical Corp.     12,746         112
* Precipio Inc.     17,645         112
*,1 VBI Vaccines Inc.    184,436         111
* Cocrystal Pharma Inc.     76,721         110
* Forte Biosciences Inc.    149,484         105
* Sensei Biotherapeutics Inc.     97,897         103
*,1 NKGen Biotech Inc.     53,804         102
*,1 Virios Therapeutics Inc.    208,883         100
* Serina Therapeutics Inc. (XASE)      7,466         100
*,1 Cosmos Health Inc.    134,834          96
* Anebulo Pharmaceuticals Inc.     32,472          93
*,1 Creative Medical Technology Holdings Inc.     17,629          92
*,1 Bullfrog AI Holdings Inc. 28,800 92
*,1 Theriva Biologics Inc. 194,494 91
*,1 Eiger BioPharmaceuticals Inc. 18,024 90
* Strata Skin Sciences Inc. 235,454 89
* Accelerate Diagnostics Inc. 90,274 89
* ATI Physical Therapy Inc. 15,662 87
* Benitec Biopharma Inc. 16,701 86
*,1 Aytu BioPharma Inc. 27,888 85
*,1 Star Equity Holdings Inc. 93,272 83
*,1 iCoreConnect Inc. 66,877 82
* Imunon Inc. 48,806 80
*,1 bioAffinity Technologies Inc. 39,767 80
*,1 Novo Integrated Sciences Inc. 163,777 80
* Alzamend Neuro Inc. 78,545 79
*,1 BioVie Inc. 147,637 78
* MiNK Therapeutics Inc. 85,953 78
* BioCardia Inc. 189,240 77
* RenovoRx Inc. 56,737 76
* Mustang Bio Inc. 73,419 76
* Synlogic Inc. 42,476 76
* Cyclerion Therapeutics Inc. 23,490 75
* Clever Leaves Holdings Inc. 15,135 74
* Avinger Inc. 23,802 73
*,1 Helius Medical Technologies Inc. Class A 12,598 73
* TFF Pharmaceuticals Inc. 11,762 73
*,1 Applied DNA Sciences Inc. 173,534 71
* Nexgel Inc. 25,526 70
*,1 AquaBounty Technologies Inc. 34,020 68
*,1 NexImmune Inc. 12,010 67
* Edesa Biotech Inc. 15,702 65
*,1 Intelligent Bio Solutions Inc. 15,485 65
*,1 PetVivo Holdings Inc. 59,855 64
*,1 NeuroMetrix Inc. 15,124 64
*,1 Galera Therapeutics Inc. 448,330 63
* HCW Biologics Inc. 37,649 63
*,1 Talphera Inc. 59,880 62
*,1 Eterna Therapeutics Inc. 26,099 62
* SunLink Health Systems Inc. 83,942 61
* Indaptus Therapeutics Inc. 27,068 61
*,1 ABVC BioPharma Inc. 46,947 61
* Precision Optics Corp. Inc. 10,779 60
* Pulmatrix Inc. 35,082 59
*,1 Hoth Therapeutics Inc. 38,804 59
* Plus Therapeutics Inc. 32,541 59

          Shares Market
Value
($000)
* Tivic Health Systems Inc.     47,981          59
*,1 ProSomnus Inc.    102,103          58
*,1 INVO BioScience Inc.     54,058          58
*,1 Processa Pharmaceuticals Inc.     24,433          58
*,1 Scorpius Holdings Inc.    352,600          57
*,1 Bio-Path Holdings Inc.     13,502          57
* Protagenic Therapeutics Inc.     31,996          56
*,1 Neuraxis Inc.     17,745          55
* CalciMedica Inc.     12,932          54
* Acutus Medical Inc.    278,220          52
* Landos Biopharma Inc.      2,399          52
* Vivos Therapeutics Inc.     10,579          51
*,1 Telesis Bio Inc.    110,770          49
*,1 Petros Pharmaceuticals Inc.     31,811          47
* GT Biopharma Inc. 10,504 47
*,1 Syra Health Corp. Class A 34,247 47
*,1 BioSig Technologies Inc. 68,788 45
*,1 Genprex Inc. 14,975 45
*,1 Tonix Pharmaceuticals Holding Corp. 233,557 43
* Finch Therapeutics Group Inc. 16,234 43
*,1 Regional Health Properties Inc. 16,970 42
* GeoVax Labs Inc. 19,239 38
*,1 OpGen Inc. 53,275 37
* Xenetic Biosciences Inc. 9,797 37
*,1 Inhibikase Therapeutics Inc. 16,724 36
* Aethlon Medical Inc. 21,224 36
* Context Therapeutics Inc. 24,903 34
*,1 iBio Inc. 8,287 34
* Trevena Inc. 72,355 33
* Seelos Therapeutics Inc. 55,973 33
*,1 MyMD Pharmaceuticals Inc. 13,689 33
*,1 Monopar Therapeutics Inc. 45,167 31
* Kineta Inc. 59,326 31
*,1 Soligenix Inc. 50,865 31
*,1 Silo Pharma Inc. 16,334 31
* Modular Medical Inc. 15,977 30
*,1 Coeptis Therapeutics Holdings 100,759 30
*,1 MSP Recovery Inc. 43,697 30
*,1 Akili Inc. Class A 101,371 29
* Titan Pharmaceuticals Inc. 4,103 29
* BioRestorative Therapies Inc. 20,472 28
* Palisade Bio Inc. 68,054 27
* NanoVibronix Inc. 30,194 27
*,1 Sonnet BioTherapeutics Holdings Inc. 14,726 27
* Virpax Pharmaceuticals Inc. 6,629 27
* ThermoGenesis Holdings Inc. 35,419 25
*,1 Exicure Inc. 40,093 24
*,1 Lipella Pharmaceuticals Inc. 34,520 24
*,1 ENDRA Life Sciences Inc. 39,812 23
*,1 Tenon Medical Inc. 23,854 23
*,1 Venus Concept Inc. 32,438 22
*,1 Heart Test Laboratories Inc. 191,541 22
* CNS Pharmaceuticals Inc. 58,369 21
*,1 SCWorx Corp. 6,922 21
* Longeveron Inc. Class A 6,509 21
* First Wave BioPharma Inc. 4,535 20
*,1 LogicMark Inc. 18,939 19
*,1 Evoke Pharma Inc. 29,851 18

          Shares Market
Value
($000)
* Enveric Biosciences Inc.     18,198          18
*,1 Nuwellis Inc.     49,955          18
* Lixte Biotechnology Holdings Inc.      5,209          18
* Kiora Pharmaceuticals Inc.     24,566          17
*,1 Jaguar Health Inc.    192,335          17
* Phio Pharmaceuticals Corp.     24,380          17
* Aditxt Inc.      4,566          16
* Healthcare Triangle Inc.      8,801          16
*,1 Imac Holdings Inc.      5,133          16
*,1 Yield10 Bioscience Inc.     40,451          15
*,1 Windtree Therapeutics Inc.     41,640          15
*,1,2 Aceragen Inc.     39,478          15
* Ensysce Biosciences Inc.     18,175          14
*,1 Synaptogenix Inc.     68,522          13
* Oragenics Inc. 8,866 13
* Innovative Eyewear Inc. 47,233 13
*,1 Biofrontera Inc. 8,611 13
*,1 cbdMD Inc. 13,042 12
* Adial Pharmaceuticals Inc. 9,359 12
*,1 Cyclacel Pharmaceuticals Inc. 5,796 12
* Onconetix Inc. 73,513 11
*,2 Impact BioMedical Inc. (Registered) 1,738,388 11
*,1 Assure Holdings Corp. 20,753 10
*,1 Ontrak Inc. 20,311 10
*,1 Tenax Therapeutics Inc. 2,326 10
*,1 Aptevo Therapeutics Inc. 2,084 10
* Qualigen Therapeutics Inc. 22,827 9
*,1 ReShape Lifesciences Inc. 49,874 9
* iSpecimen Inc. 35,987 8
* Salarius Pharmaceuticals Inc. 14,563 8
* NeuBase Therapeutics Inc. 18,981 8
* Calidi Biotherapeutics Inc. 14,939 8
*,1 Avenue Therapeutics Inc. 46,293 7
* Dynatronics Corp. 16,074 7
* Ampio Pharmaceuticals Inc. 7,388 7
* Cingulate Inc. 6,351 7
* Avalo Therapeutics Inc. 302 7
*,1 Vaccinex Inc. 900 7
*,1,2 Aravive Inc. 149,018 6
*,1 180 Life Sciences Corp. 2,521 6
* Autonomix Medical Inc. 1,640 5
*,1 OneMedNet Corp. 6,903 5
*,1 Estrella Immunopharma Inc. 3,683 4
* Sharps Technology Inc. 9,956 3
*,1 Motus GI Holdings Inc. 6,884 3
*,1 SiNtx Technologies Inc. 43,409 2
*,1 Biolase Inc. 10,911 2
*,1 PaxMedica Inc. 3,235 2
* Ainos Inc. 1,966 2
*,1 60 Degrees Pharmaceuticals Inc. 7,048 2
* GRI Bio Inc. 2,647 2
* Serina Therapeutics Inc. 4,479 2
* Sonoma Pharmaceuticals Inc. 3,818 1
*,1 Kintara Therapeutics Inc. 12,455 1
* NovaBay Pharmaceuticals Inc. 13,710 1
*,1 Bluejay Diagnostics Inc. 794 1
* Cadrenal Therapeutics Inc. 905 1
*,1 Revelation Biosciences Inc. 201 1

          Shares Market
Value
($000)
*,2 OmniAb Inc. 12.5 Earnout     83,004          —
*,2 OmniAb Inc. 15 Earnout     83,004          —
*,2,3 MYOS Corp. (Acquired 8/24/23, Cost $—)     20,700          —
*,1,2 MYOS Corp. (Registered)     48,410          —
*,1 ZyVersa Therapeutics Inc.        493          —
* Tharimmune Inc.        427          —
            12,068,284
Industrials (17.9%)
  Ferguson plc  3,043,537     664,800
  Vertiv Holdings Co. Class A  5,248,265     428,626
  Booz Allen Hamilton Holding Corp. Class A  1,940,625     288,066
  Carlisle Cos. Inc.    724,736     283,988
  EMCOR Group Inc.    700,832     245,431
  Graco Inc.  2,523,718     235,867
* Saia Inc. 397,173 232,346
  Lennox International Inc. 475,121 232,220
  TransUnion 2,899,589 231,387
  Owens Corning 1,323,812 220,812
  Lincoln Electric Holdings Inc. 854,878 218,370
* XPO Inc. 1,735,450 211,777
  RB Global Inc. 2,727,109 207,724
  SS&C Technologies Holdings Inc. 3,207,143 206,444
  Watsco Inc. 467,362 201,886
  AECOM 2,030,501 199,152
  CNH Industrial NV 14,521,624 188,200
  nVent Electric plc 2,483,769 187,276
  Regal Rexnord Corp. 992,502 178,750
  Advanced Drainage Systems Inc. 1,020,252 175,728
  Comfort Systems USA Inc. 532,929 169,317
  ITT Inc. 1,223,858 166,481
* Trex Co. Inc. 1,624,387 162,033
  Fortune Brands Innovations Inc. 1,885,223 159,622
* Clean Harbors Inc. 752,486 151,483
  HEICO Corp. 786,742 150,268
  Tetra Tech Inc. 800,334 147,830
  Curtiss-Wright Corp. 571,726 146,328
* Core & Main Inc. Class A 2,549,380 145,952
  Toro Co. 1,564,154 143,323
  BWX Technologies Inc. 1,369,554 140,544
  Woodward Inc. 900,570 138,796
  HEICO Corp. Class A 895,878 137,911
  Donaldson Co. Inc. 1,801,327 134,523
* WillScot Mobile Mini Holdings Corp. 2,870,520 133,479
  Knight-Swift Transportation Holdings Inc. Class A 2,419,794 133,137
  Simpson Manufacturing Co. Inc. 638,511 131,010
* Middleby Corp. 802,163 128,980
  KBR Inc. 2,021,300 128,676
* CACI International Inc. Class A 332,606 126,001
* API Group Corp. 3,176,949 124,759
  Acuity Brands Inc. 456,801 122,756
  Oshkosh Corp. 975,552 121,661
* SiteOne Landscape Supply Inc. 675,115 117,841
* RBC Bearings Inc. 432,997 117,061
  AGCO Corp. 931,110 114,545
  Applied Industrial Technologies Inc. 579,384 114,457
  UFP Industries Inc. 924,585 113,733
  WESCO International Inc. 658,019 112,705
* Paylocity Holding Corp. 649,390 111,604

          Shares Market
Value
($000)
* FTI Consulting Inc.    523,854     110,161
* AZEK Co. Inc. Class A  2,182,118     109,586
  Allison Transmission Holdings Inc.  1,338,923     108,667
* Fluor Corp.  2,551,027     107,857
  MSA Safety Inc.    551,897     106,842
  Atkore Inc.    550,078     104,713
  Landstar System Inc.    538,190     103,741
* Chart Industries Inc.    629,080     103,622
* NEXTracker Inc. Class A  1,840,121     103,544
  Science Applications International Corp.    778,898     101,561
  FTAI Aviation Ltd.  1,501,321     101,039
* Lyft Inc. Class A  5,182,708     100,285
  Crane Co.    729,634      98,595
  U-Haul Holding Co. (XNYS)  1,439,427      95,981
* GXO Logistics Inc. 1,782,663 95,836
  Esab Corp. 849,802 93,963
* Beacon Roofing Supply Inc. 948,892 93,010
  Hexcel Corp. 1,262,358 91,963
  Mueller Industries Inc. 1,700,673 91,717
  Boise Cascade Co. 593,142 90,970
  Flowserve Corp. 1,965,423 89,781
  AAON Inc. 1,010,206 88,999
  Watts Water Technologies Inc. Class A 409,972 87,140
  Timken Co. 971,144 84,907
* MasTec Inc. 907,305 84,606
* Kirby Corp. 886,066 84,460
* Casella Waste Systems Inc. Class A 853,698 84,405
* SPX Technologies Inc. 683,108 84,111
  Sensata Technologies Holding plc 2,268,580 83,348
  Armstrong World Industries Inc. 660,811 82,086
  Genpact Ltd. 2,471,843 81,447
* Alaska Air Group Inc. 1,876,137 80,655
  Ryder System Inc. 665,010 79,928
  Air Lease Corp. Class A 1,547,711 79,614
* ExlService Holdings Inc. 2,468,845 78,509
  Federal Signal Corp. 911,627 77,370
  Maximus Inc. 913,153 76,614
  MDU Resources Group Inc. 3,039,955 76,607
* ASGN Inc. 706,598 74,023
* Stericycle Inc. 1,384,929 73,055
  Valmont Industries Inc. 313,293 71,519
  GATX Corp. 531,375 71,220
  Herc Holdings Inc. 422,603 71,124
  Zurn Elkay Water Solutions Corp. 2,100,968 70,319
  Moog Inc. Class A 430,072 68,661
  MSC Industrial Direct Co. Inc. Class A 685,070 66,479
* AeroVironment Inc. 421,603 64,623
  Terex Corp. 996,134 64,151
  Franklin Electric Co. Inc. 596,739 63,738
* Dycom Industries Inc. 439,367 63,062
  Exponent Inc. 759,897 62,836
* Spirit AeroSystems Holdings Inc. Class A 1,736,540 62,637
  Arcosa Inc. 729,509 62,636
  Brink's Co. 672,524 62,128
* Verra Mobility Corp. Class A 2,487,313 62,108
  TriNet Group Inc. 468,756 62,105
  Encore Wire Corp. 235,416 61,863
  Matson Inc. 521,673 58,636

          Shares Market
Value
($000)
* CBIZ Inc.    742,093      58,254
  Insperity Inc.    529,928      58,085
* GMS Inc.    593,552      57,776
  Kadant Inc.    174,635      57,298
  EnerSys    604,331      57,085
  ManpowerGroup Inc.    727,552      56,487
  CSW Industrials Inc.    232,133      54,458
* Alight Inc. Class A  5,469,035      53,870
  Enpro Inc.    312,141      52,680
  Hillenbrand Inc.  1,046,325      52,620
  Korn Ferry    787,545      51,789
* Sterling Infrastructure Inc.    461,465      50,904
* Parsons Corp.    611,036      50,685
  ArcBest Corp.    353,745      50,409
  John Bean Technologies Corp. 475,716 49,898
* Resideo Technologies Inc. 2,185,752 49,005
*,1 Clarivate plc 6,463,731 48,026
  Concentrix Corp. 707,843 46,873
  Rush Enterprises Inc. Class A 859,098 45,979
  McGrath RentCorp 366,706 45,241
* Gates Industrial Corp. plc 2,486,415 44,034
* MYR Group Inc. 249,116 44,031
  Albany International Corp. Class A 466,279 43,602
* Masonite International Corp. 327,031 42,988
*,1 Sunrun Inc. 3,254,124 42,889
* SkyWest Inc. 610,377 42,165
  Griffon Corp. 569,989 41,803
  ABM Industries Inc. 936,263 41,776
  ESCO Technologies Inc. 385,243 41,240
  Hub Group Inc. Class A 932,707 40,312
* Atmus Filtration Technologies Inc. 1,245,861 40,179
* Kratos Defense & Security Solutions Inc. 2,174,866 39,974
  Brady Corp. Class A 667,853 39,590
  UniFirst Corp. 224,728 38,975
  ICF International Inc. 257,916 38,850
* RXO Inc. 1,749,276 38,257
* ACV Auctions Inc. Class A 2,035,558 38,207
  Vestis Corp. 1,962,726 37,822
  Granite Construction Inc. 657,937 37,588
  Mueller Water Products Inc. Class A 2,335,876 37,584
  Werner Enterprises Inc. 948,731 37,114
* Construction Partners Inc. Class A 660,795 37,104
* JetBlue Airways Corp. 4,997,937 37,085
* Gibraltar Industries Inc. 453,970 36,558
* Masterbrand Inc. 1,914,959 35,886
  Alamo Group Inc. 155,429 35,489
*,1 Bloom Energy Corp. Class A 3,153,176 35,442
  Dun & Bradstreet Holdings Inc. 3,479,362 34,933
  Trinity Industries Inc. 1,225,438 34,128
  Primoris Services Corp. 797,983 33,970
  Avis Budget Group Inc. 276,294 33,835
  Tennant Co. 277,258 33,717
  Standex International Corp. 176,770 32,211
* Array Technologies Inc. 2,123,886 31,667
  HNI Corp. 694,632 31,349
* Hillman Solutions Corp. 2,943,254 31,316
  H&E Equipment Services Inc. 462,398 29,677
  Kennametal Inc. 1,189,233 29,659

          Shares Market
Value
($000)
*,1 Joby Aviation Inc.  5,531,941      29,651
* AAR Corp.    492,178      29,467
  Enerpac Tool Group Corp. Class A    824,413      29,399
  AZZ Inc.    378,817      29,286
* Hayward Holdings Inc.  1,892,866      28,980
* Shoals Technologies Group Inc. Class A  2,542,250      28,422
  Barnes Group Inc.    759,685      28,222
* OPENLANE Inc.  1,624,016      28,095
*,1 Plug Power Inc.  8,161,406      28,075
* JELD-WEN Holding Inc.  1,286,744      27,318
* Huron Consulting Group Inc.    282,252      27,271
  MillerKnoll Inc.  1,095,971      27,136
* CoreCivic Inc.  1,713,974      26,755
* GEO Group Inc.  1,842,396      26,015
* American Woodmark Corp. 244,559 24,862
  Greenbrier Cos. Inc. 470,873 24,532
* DNOW Inc. 1,586,018 24,107
* Legalzoom.com Inc. 1,781,818 23,769
* Cimpress plc 265,265 23,479
* Leonardo DRS Inc. 1,061,986 23,459
* Mercury Systems Inc. 778,395 22,963
* Upwork Inc. 1,870,758 22,935
*,1 Symbotic Inc. Class A 504,929 22,722
  Helios Technologies Inc. 494,534 22,101
  CSG Systems International Inc. 424,713 21,890
* Janus International Group Inc. 1,368,156 20,700
  Wabash National Corp. 688,022 20,599
  Apogee Enterprises Inc. 336,354 19,912
  Columbus McKinnon Corp. 441,496 19,704
  Powell Industries Inc. 137,049 19,502
  Lindsay Corp. 164,560 19,362
  Kaman Corp. 414,820 19,028
  Quanex Building Products Corp. 493,882 18,980
* Paycor HCM Inc. 973,240 18,920
* NV5 Global Inc. 188,953 18,519
  Kforce Inc. 261,215 18,421
  Steelcase Inc. Class A 1,395,146 18,249
* Triumph Group Inc. 1,164,844 17,519
* Nikola Corp. 16,358,975 17,013
* Thermon Group Holdings Inc. 518,893 16,978
* BlueLinx Holdings Inc. 130,341 16,976
*,1 Enovix Corp. 2,098,411 16,808
* Montrose Environmental Group Inc. 415,599 16,279
  CRA International Inc. 108,780 16,271
*,1 Rocket Lab USA Inc. 3,932,732 16,164
  Marten Transport Ltd. 873,797 16,148
* MRC Global Inc. 1,279,125 16,079
  VSE Corp. 199,464 15,957
  Tecnoglass Inc. 306,198 15,931
  Allegiant Travel Co. 207,444 15,602
* Hertz Global Holdings Inc. 1,967,260 15,404
  Interface Inc. Class A 900,735 15,150
* Fluence Energy Inc. 873,392 15,145
* SP Plus Corp. 289,465 15,116
* IES Holdings Inc. 122,712 14,927
  Gorman-Rupp Co. 373,540 14,773
  Forward Air Corp. 467,919 14,557
* Transcat Inc. 129,116 14,387

          Shares Market
Value
($000)
  Astec Industries Inc.    327,627      14,321
  Matthews International Corp. Class A    460,136      14,301
* Healthcare Services Group Inc.  1,135,928      14,176
* Proto Labs Inc.    390,900      13,975
* Driven Brands Holdings Inc.    880,288      13,900
  Deluxe Corp.    673,161      13,860
* Energy Recovery Inc.    848,731      13,401
*,1 Archer Aviation Inc. Class A  2,807,123      12,969
* Vicor Corp.    336,781      12,878
* Viad Corp.    324,318      12,807
  Genco Shipping & Trading Ltd.    629,655      12,801
  REV Group Inc.    576,322      12,731
  Schneider National Inc. Class B    560,352      12,686
  First Advantage Corp.    748,876      12,147
  Kelly Services Inc. Class A 474,928 11,892
* Ameresco Inc. Class A 490,650 11,839
* U-Haul Holding Co. 173,913 11,746
  Barrett Business Services Inc. 92,209 11,685
* Enviri Corp. 1,234,575 11,296
*,1 ChargePoint Holdings Inc. 5,695,279 10,821
* Ducommun Inc. 210,676 10,808
* Hawaiian Holdings Inc. 800,625 10,672
  Hyster-Yale Materials Handling Inc. 163,590 10,498
* CECO Environmental Corp. 454,380 10,460
* Xometry Inc. Class A 618,630 10,449
  Pitney Bowes Inc. 2,403,083 10,405
* DXP Enterprises Inc. 193,254 10,384
* Air Transport Services Group Inc. 752,454 10,354
  Insteel Industries Inc. 270,570 10,341
  Rush Enterprises Inc. Class B 193,998 10,338
  Heidrick & Struggles International Inc. 305,772 10,292
* Blue Bird Corp. 260,170 9,975
* Titan International Inc. 785,236 9,784
* Tutor Perini Corp. 672,516 9,725
  Cadre Holdings Inc. 263,571 9,541
  Argan Inc. 185,534 9,377
* Sun Country Airlines Holdings Inc. 596,341 8,999
  FTAI Infrastructure Inc. 1,425,335 8,951
* 3D Systems Corp. 2,014,365 8,944
* Conduent Inc. 2,631,541 8,895
* Great Lakes Dredge & Dock Corp. 1,013,721 8,870
  Global Industrial Co. 195,679 8,762
  Ennis Inc. 406,623 8,340
  Douglas Dynamics Inc. 342,845 8,269
* Astronics Corp. 431,372 8,213
  Heartland Express Inc. 681,847 8,141
* V2X Inc. 171,660 8,018
  Allient Inc. 223,717 7,982
*,1 FuelCell Energy Inc. 6,674,640 7,943
1 Spirit Airlines Inc. 1,630,756 7,893
* Titan Machinery Inc. 317,462 7,876
*,1 Virgin Galactic Holdings Inc. 5,321,378 7,876
  ACCO Brands Corp. 1,402,800 7,870
  Miller Industries Inc. 155,334 7,782
* Manitowoc Co. Inc. 545,070 7,707
* Planet Labs PBC 3,005,508 7,664
* Sterling Check Corp. 468,677 7,536
* American Superconductor Corp. 555,472 7,504

          Shares Market
Value
($000)
* BrightView Holdings Inc.    593,081       7,058
* Hudson Technologies Inc.    625,398       6,886
  National Presto Industries Inc.     82,138       6,883
  Resources Connection Inc.    498,472       6,560
* Franklin Covey Co.    166,217       6,526
* TrueBlue Inc.    512,662       6,419
* Limbach Holdings Inc.    149,690       6,200
  Shyft Group Inc.    498,695       6,194
  Preformed Line Products Co.     47,674       6,134
* Liquidity Services Inc.    329,283       6,125
  LSI Industries Inc.    402,130       6,080
* Distribution Solutions Group Inc.    168,731       5,987
1 Eagle Bulk Shipping Inc.     93,123       5,817
  Aris Water Solutions Inc. Class A    408,070       5,774
* Bowman Consulting Group Ltd. 158,281 5,507
* Daseke Inc. 630,937 5,237
* Northwest Pipe Co. 150,041 5,203
* Willdan Group Inc. 178,137 5,164
* Matrix Service Co. 383,983 5,003
* Custom Truck One Source Inc. 848,932 4,941
*,1 Stem Inc. 2,220,967 4,864
  Alta Equipment Group Inc. 371,262 4,808
  Park Aerospace Corp. 285,826 4,753
  Covenant Logistics Group Inc. Class A 102,386 4,747
*,1 Frontier Group Holdings Inc. 579,434 4,699
  Luxfer Holdings plc 422,626 4,383
* Forrester Research Inc. 196,776 4,242
*,1 Net Power Inc. 371,192 4,228
  GrafTech International Ltd. 2,904,248 4,008
* Graham Corp. 146,346 3,992
* L B Foster Co. Class A 143,014 3,906
*,1 SunPower Corp. 1,292,214 3,877
*,1 NuScale Power Corp. Class A 713,331 3,788
*,1 LanzaTech Global Inc. 1,218,417 3,771
* Orion Group Holdings Inc. 457,435 3,751
  Universal Logistics Holdings Inc. 101,183 3,731
*,1 SES AI Corp. 2,203,107 3,701
* Byrna Technologies Inc. 257,331 3,585
  Pangaea Logistics Solutions Ltd. 512,373 3,571
* Terran Orbital Corp. 2,646,113 3,466
  Park-Ohio Holdings Corp. 124,171 3,313
* Hyliion Holdings Corp. 1,872,224 3,295
* AerSale Corp. 446,416 3,205
* TaskUS Inc. Class A 272,411 3,174
*,1 Desktop Metal Inc. Class A 3,571,434 3,143
  Omega Flex Inc. 43,703 3,100
  TTEC Holdings Inc. 294,053 3,049
  Eastern Co. 88,712 3,024
* Spire Global Inc. 247,965 2,976
* NN Inc. 613,095 2,906
*,1 Microvast Holdings Inc. 3,395,294 2,842
* Commercial Vehicle Group Inc. 429,381 2,761
* Performant Financial Corp. 920,874 2,707
* Radiant Logistics Inc. 498,130 2,700
* Mistras Group Inc. 279,573 2,673
*,1 Blink Charging Co. 883,563 2,660
* Concrete Pumping Holdings Inc. 336,641 2,659
* Asure Software Inc. 324,928 2,528

          Shares Market
Value
($000)
  Twin Disc Inc.    152,296       2,517
*,1 Eos Energy Enterprises Inc.  2,440,264       2,513
  Quad/Graphics Inc.    463,634       2,462
*,1 Innodata Inc.    366,924       2,422
* Gencor Industries Inc.    142,788       2,383
* HireRight Holdings Corp.    158,554       2,263
  Karat Packaging Inc.     78,371       2,242
* Perma-Fix Environmental Services Inc.    184,484       2,194
* DLH Holdings Corp.    163,140       2,165
* Blade Air Mobility Inc.    755,482       2,153
*,1 Eve Holding Inc.    391,966       2,117
* Mayville Engineering Co. Inc.    145,156       2,080
  Acme United Corp.     42,264       1,986
  EVI Industries Inc.     79,315       1,975
*,1 Energy Vault Holdings Inc. 1,091,814 1,954
* RCM Technologies Inc. 91,076 1,946
*,1 Sky Harbour Group Corp. 149,143 1,905
*,1 TPI Composites Inc. 653,364 1,901
* Taylor Devices Inc. 36,398 1,812
* Quest Resource Holding Corp. 205,544 1,764
  Virco Manufacturing Corp. 150,864 1,649
* Willis Lease Finance Corp. 33,105 1,643
  Hurco Cos. Inc. 81,359 1,640
* VirTra Inc. 156,066 1,604
* BlackSky Technology Inc. Class A 1,120,963 1,525
  BGSF Inc. 146,036 1,520
* PAM Transportation Services Inc. 93,486 1,515
  ARC Document Solutions Inc. 533,343 1,477
*,1 Intuitive Machines Inc. 235,119 1,469
*,1 Falcon's Beyond Global Inc. Class A 135,826 1,392
* Innovative Solutions & Support Inc. 189,865 1,390
*,1 FiscalNote Holdings Inc. 1,039,674 1,383
* Manitex International Inc. 199,531 1,369
* LS Starrett Co. Class A 85,648 1,361
* Ultralife Corp. 148,995 1,313
*,1 Redwire Corp. 287,325 1,261
* Markforged Holding Corp. 1,489,025 1,245
*,1 Beam Global 178,909 1,217
* Alpha Pro Tech Ltd. 194,654 1,215
*,1 374Water Inc. 807,554 1,018
* Babcock & Wilcox Enterprises Inc. 890,338 1,006
  NL Industries Inc. 134,129 983
* Odyssey Marine Exploration Inc. Class B 247,703 944
*,1 Hyzon Motors Inc. 1,219,651 899
*,1 SKYX Platforms Corp. 644,799 845
*,1 Bridger Aerospace Group Holdings Inc. 165,432 830
  HireQuest Inc. 63,147 818
*,1 Wheels Up Experience Inc. 276,809 794
* Perma-Pipe International Holdings Inc. 97,176 768
*,1 Southland Holdings Inc. 141,533 729
* FreightCar America Inc. 184,666 711
* Flux Power Holdings Inc. 160,450 711
* Ideal Power Inc. 78,007 694
*,1 ESS Tech Inc. 937,719 678
* Amprius Technologies Inc. 255,988 678
*,1 Mega Matrix Corp. 236,856 677
* Broadwind Inc. 275,644 656
* Hydrofarm Holdings Group Inc. 577,654 624

          Shares Market
Value
($000)
*,1 Xos Inc.     57,084         585
* GEE Group Inc.  1,612,349         580
*,1 Surf Air Mobility Inc.    686,744         579
* Mastech Digital Inc.     64,171         578
*,1 Volato Group Inc.    158,745         564
*,1 Aqua Metals Inc.  1,039,347         559
* Hudson Global Inc.     30,771         543
*,1 Velo3D Inc.  1,164,919         531
* INNOVATE Corp.    749,309         525
* Skillsoft Corp.     57,505         518
* Pioneer Power Solutions Inc.     84,350         482
* ClearSign Technologies Corp.    478,114         461
* TechPrecision Corp.    125,690         454
* NeoVolta Inc.    376,441         444
* FTC Solar Inc. 818,583 441
* Air T Inc. 19,387 430
  Espey Manufacturing & Electronics Corp. 16,768 423
* Fuel Tech Inc. 347,857 421
*,1 Mesa Air Group Inc. 474,206 417
* Orion Energy Systems Inc. 453,956 395
* Team Inc. 52,557 379
*,1 Palladyne AI Corp. 199,748 362
* CPI Aerostructures Inc. 152,363 357
*,1 KULR Technology Group Inc. 922,983 351
*,1 Exela Technologies Inc. 105,337 342
*,1 flyExclusive Inc. 75,344 325
*,1 Solidion Technology Inc. 118,021 325
  CompX International Inc. 8,944 307
*,1 Knightscope Inc. Class A 610,384 305
* Westwater Resources Inc. 592,292 290
* Jewett-Cameron Trading Co. Ltd. 53,321 284
* Air Industries Group 53,709 252
* Steel Connect Inc. 26,684 251
* Where Food Comes From Inc. 21,327 224
* Complete Solaria Inc. 354,350 213
  Chicago Rivet & Machine Co. 12,203 207
* Ocean Power Technologies Inc. 753,871 200
*,1 JanOne Inc. 73,304 193
* SIFCO Industries Inc. 59,551 189
*,1 Tigo Energy Inc. 176,330 189
*,1 Bitcoin Depot Inc. 87,067 165
* Urban-Gro Inc. 111,102 152
*,1 Getaround Inc. 484,505 149
*,1 Energous Corp. 68,443 139
* Professional Diversity Network Inc. 75,021 134
*,1 Expion360 Inc. 39,179 122
*,1 Astra Space Inc. Class A 179,589 122
* Optex Systems Holdings Inc. 15,053 115
* Wilhelmina International Inc. 23,052 112
*,1 Ideanomics Inc. 116,534 111
*,1 LiqTech International Inc. 31,286 97
*,1 Advent Technologies Holdings Inc. 506,225 91
* Dragonfly Energy Holdings Corp. 124,806 67
* Mobile Infrastructure Corp. Class A 15,775 58
*,1 View Inc. 49,458 57
*,1 Laser Photonics Corp. 32,357 54
*,1 Sidus Space Inc. Class A 13,932 47
* TOMI Environmental Solutions Inc. 66,377 45

          Shares Market
Value
($000)
*,1 AgEagle Aerial Systems Inc.     57,726          45
*,1 Polar Power Inc.     80,105          44
* Shapeways Holdings Inc.     21,179          42
*,1 Nauticus Robotics Inc.    125,161          40
*,1 Safe & Green Holdings Corp.    195,578          39
* Jet.AI Inc.     42,979          39
* DSS Inc.     21,730          39
* FGI Industries Ltd.     24,551          37
* Avalon Holdings Corp. Class A     15,500          35
* iPower Inc.     47,002          25
*,1 Applied UV Inc.     16,695          25
*,1 iSun Inc.     97,573          24
* Art's-Way Manufacturing Co. Inc.     10,164          21
*,1 Nuburu Inc.    134,105          19
*,1 Energy Focus Inc. 11,850 19
* Shimmick Corp. 3,310 19
* CEA Industries Inc. 30,150 18
*,1 Fathom Digital Manufacturing C 3,456 16
*,1 Gaucho Group Holdings Inc. 22,058 11
* Staffing 360 Solutions Inc. 30,990 9
*,1 Momentus Inc. Class A 19,933 9
*,1 Nxu Inc. Class A 8,128 6
* Nuvve Holding Corp. 4,449 5
*,1 Pineapple Energy Inc. 52,951 4
*,1 Agrify Corp. 9,557 4
*,1 Greenwave Technology Solutions Inc. 22,716 3
* Servotronics Inc. 136 2
*,1 ShiftPixy Inc. 280 1
*,1,2 FTE Networks Inc. 82,837
* Ault Alliance Inc. 676
            18,544,119
Information Technology (18.2%)
* Crowdstrike Holdings Inc. Class A 3,399,286 1,089,777
  Marvell Technology Inc. 12,912,921 915,268
* Workday Inc. Class A 3,116,368 849,989
* Snowflake Inc. Class A 4,764,554 769,952
* Palantir Technologies Inc. Class A 28,749,509 661,526
* Datadog Inc. Class A 4,512,282 557,718
* HubSpot Inc. 752,207 471,303
* Atlassian Corp. Class A 2,353,030 459,100
  Dell Technologies Inc. Class C 3,982,449 454,437
* Cloudflare Inc. Class A 4,457,830 431,652
* MongoDB Inc. Class A 1,079,814 387,264
*,1 MicroStrategy Inc. Class A 222,836 379,837
  Entegris Inc. 2,234,761 314,073
* Zscaler Inc. 1,328,843 255,975
* Zoom Video Communications Inc. Class A 3,846,066 251,417
* GoDaddy Inc. Class A 2,092,740 248,366
* Okta Inc. Class A 2,367,112 247,647
* Pure Storage Inc. Class A 4,436,517 230,655
* Manhattan Associates Inc. 915,009 228,963
* Nutanix Inc. Class A 3,619,652 223,405
* AppLovin Corp. Class A 2,719,955 188,275
* DocuSign Inc. Class A 3,048,437 181,534
  Bentley Systems Inc. Class B 3,446,931 179,999
* Twilio Inc. Class A 2,711,264 165,794
* Dynatrace Inc. 3,564,618 165,541
* Lattice Semiconductor Corp. 2,064,724 161,523

          Shares Market
Value
($000)
* Guidewire Software Inc.  1,226,727     143,171
* UiPath Inc. Class A  6,082,970     137,901
* Onto Innovation Inc.    734,959     133,086
  MKS Instruments Inc.    941,336     125,198
* Elastic NV  1,223,133     122,607
* Coherent Corp.  1,977,840     119,897
  Universal Display Corp.    652,707     109,948
* Procore Technologies Inc.  1,333,150     109,545
  Cognex Corp.  2,578,422     109,377
* Ciena Corp.  2,172,695     107,440
  Vontier Corp.  2,311,882     104,867
  TD SYNNEX Corp.    924,695     104,583
* Arrow Electronics Inc.    805,191     104,240
* Fabrinet    543,500     102,732
* SPS Commerce Inc. 549,564 101,614
* Confluent Inc. Class A 3,286,760 100,312
* Rambus Inc. 1,609,352 99,474
* Samsara Inc. Class A 2,573,185 97,241
* Unity Software Inc. 3,586,022 95,747
* Novanta Inc. 535,029 93,507
* BILL Holdings Inc. 1,347,934 92,630
* Dropbox Inc. Class A 3,798,772 92,310
* Qualys Inc. 548,878 91,591
  Littelfuse Inc. 372,359 90,241
* Aspen Technology Inc. 420,118 89,603
* SentinelOne Inc. Class A 3,723,839 86,803
* Tenable Holdings Inc. 1,753,446 86,673
* Smartsheet Inc. Class A 2,040,974 78,577
* MACOM Technology Solutions Holdings Inc. 821,088 78,529
* Gitlab Inc. Class A 1,339,996 78,149
* Varonis Systems Inc. Class B 1,631,801 76,972
* Insight Enterprises Inc. 414,827 76,959
* Appfolio Inc. Class A 305,588 75,401
*,1 Marathon Digital Holdings Inc. 3,335,923 75,325
* Cirrus Logic Inc. 809,369 74,915
* Kyndryl Holdings Inc. 3,441,296 74,883
  Dolby Laboratories Inc. Class A 892,313 74,749
* DoubleVerify Holdings Inc. 2,088,602 73,435
  Badger Meter Inc. 440,064 71,207
* Altair Engineering Inc. Class A 819,538 70,603
* Silicon Laboratories Inc. 477,472 68,622
* Five9 Inc. 1,088,774 67,624
  Avnet Inc. 1,355,847 67,223
* CommVault Systems Inc. 654,906 66,427
* Itron Inc. 679,974 62,911
* Cleanspark Inc. 2,964,964 62,887
* Box Inc. Class A 2,154,460 61,014
  Power Integrations Inc. 850,972 60,887
* Workiva Inc. Class A 714,618 60,600
* SolarEdge Technologies Inc. 851,173 60,416
  Belden Inc. 627,562 58,119
* DXC Technology Co. 2,735,913 58,029
* Synaptics Inc. 588,337 57,398
  Advanced Energy Industries Inc. 559,131 57,020
* Teradata Corp. 1,464,117 56,617
* Wolfspeed Inc. 1,882,056 55,521
* Axcelis Technologies Inc. 490,227 54,670
* Alarm.com Holdings Inc. 747,345 54,160

          Shares Market
Value
($000)
* ACI Worldwide Inc.  1,627,651      54,054
* FormFactor Inc.  1,163,551      53,093
* Sanmina Corp.    833,157      51,806
* CCC Intelligent Solutions Holdings Inc.  4,183,318      50,032
  Amkor Technology Inc.  1,545,518      49,828
* BlackLine Inc.    761,112      49,153
* Diodes Inc.    686,549      48,402
* Lumentum Holdings Inc.  1,007,818      47,720
* HashiCorp Inc. Class A  1,758,738      47,398
* Blackbaud Inc.    629,149      46,645
* Freshworks Inc. Class A  2,526,012      45,999
* Q2 Holdings Inc.    875,147      45,998
* Rapid7 Inc.    919,666      45,100
  Crane NXT Co.    720,718      44,612
* Impinj Inc. 340,556 43,731
* RingCentral Inc. Class A 1,254,428 43,579
* Sprout Social Inc. Class A 729,563 43,562
* Envestnet Inc. 744,094 43,090
  Vishay Intertechnology Inc. 1,880,359 42,647
  Kulicke & Soffa Industries Inc. 843,393 42,431
  Pegasystems Inc. 636,835 41,165
  InterDigital Inc. 383,911 40,871
* Credo Technology Group Holding Ltd. 1,883,672 39,915
* IPG Photonics Corp. 439,564 39,864
* Plexus Corp. 411,727 39,040
*,1 C3.ai Inc. Class A 1,427,112 38,632
* Clearwater Analytics Holdings Inc. Class A 2,145,401 37,952
*,1 Riot Platforms Inc. 3,093,803 37,868
  Progress Software Corp. 655,867 34,964
* nCino Inc. 912,873 34,123
* LiveRamp Holdings Inc. 987,481 34,068
* Aurora Innovation Inc. Class A 11,862,662 33,453
* Braze Inc. Class A 754,213 33,412
* OSI Systems Inc. 230,870 32,973
* PagerDuty Inc. 1,395,803 31,657
* ePlus Inc. 401,335 31,521
* Ultra Clean Holdings Inc. 678,475 31,169
* Mirion Technologies Inc. Class A 2,730,878 31,050
* Verint Systems Inc. 929,347 30,808
  Xerox Holdings Corp. 1,693,260 30,309
* Viavi Solutions Inc. 3,323,972 30,215
* Rogers Corp. 249,587 29,623
* Veeco Instruments Inc. 840,893 29,574
* Perficient Inc. 520,347 29,290
* Calix Inc. 876,189 29,054
* Allegro MicroSystems Inc. 1,074,138 28,959
* DigitalOcean Holdings Inc. 757,817 28,933
* Ambarella Inc. 564,969 28,683
* Squarespace Inc. Class A 763,437 27,820
  Clear Secure Inc. Class A 1,263,061 26,865
* Semtech Corp. 961,891 26,442
* Photronics Inc. 933,632 26,440
*,1 IonQ Inc. 2,570,373 25,678
* Agilysys Inc. 303,825 25,600
* NCR Voyix Corp. 2,007,271 25,352
* Appian Corp. Class A 621,229 24,818
* Zeta Global Holdings Corp. Class A 2,268,075 24,790
* SiTime Corp. 261,049 24,338

          Shares Market
Value
($000)
* TTM Technologies Inc.  1,539,150      24,088
* Cohu Inc.    709,776      23,657
* Fastly Inc. Class A  1,796,857      23,305
* NetScout Systems Inc.  1,059,895      23,148
* PROS Holdings Inc.    635,146      23,075
* Harmonic Inc.  1,677,833      22,550
* Extreme Networks Inc.  1,940,231      22,390
* Sprinklr Inc. Class A  1,784,861      21,900
  CTS Corp.    465,546      21,783
* Knowles Corp.  1,342,528      21,615
* Everbridge Inc.    617,188      21,497
* Vertex Inc. Class A    671,846      21,338
* Informatica Inc. Class A    598,500      20,947
* MaxLinear Inc. Class A  1,117,365      20,861
* SMART Global Holdings Inc. 782,946 20,607
* Intapp Inc. 593,852 20,369
* ACM Research Inc. Class A 698,839 20,364
* Viasat Inc. 1,119,473 20,251
*,1 SoundHound AI Inc. Class A 3,295,071 19,408
* Diebold Nixdorf Inc. 556,428 19,163
* PAR Technology Corp. 417,080 18,919
* Asana Inc. Class A 1,219,937 18,897
* PowerSchool Holdings Inc. Class A 857,060 18,247
* Zuora Inc. Class A 1,999,519 18,236
*,1 Infinera Corp. 2,990,466 18,033
* Arlo Technologies Inc. 1,408,663 17,820
  Napco Security Technologies Inc. 439,010 17,631
  Adeia Inc. 1,602,327 17,497
* Digi International Inc. 538,910 17,207
* Ichor Holdings Ltd. 436,837 16,871
* ScanSource Inc. 371,483 16,360
  Benchmark Electronics Inc. 539,241 16,183
* PDF Solutions Inc. 456,711 15,377
* Model N Inc. 523,427 14,902
* Alkami Technology Inc. 596,861 14,665
  A10 Networks Inc. 1,053,093 14,417
*,1 indie Semiconductor Inc. Class A 2,014,922 14,266
* Jamf Holding Corp. 773,292 14,190
* N-able Inc. 1,041,266 13,609
* Couchbase Inc. 461,363 12,138
* Amplitude Inc. Class A 1,093,295 11,895
* E2open Parent Holdings Inc. 2,634,714 11,698
  PC Connection Inc. 175,370 11,562
  Bel Fuse Inc. Class B 182,363 10,998
* AvePoint Inc. 1,387,596 10,990
* Mitek Systems Inc. 714,372 10,073
* Grid Dynamics Holdings Inc. 818,766 10,063
* Cerence Inc. 610,241 9,611
* SolarWinds Corp. 760,350 9,596
* Klaviyo Inc. Class A 374,844 9,551
* nLight Inc. 728,188 9,466
* Yext Inc. 1,565,439 9,440
* Olo Inc. Class A 1,628,781 8,942
  Hackett Group Inc. 364,311 8,853
* Navitas Semiconductor Corp. Class A 1,850,518 8,827
* Kimball Electronics Inc. 391,346 8,473
* CEVA Inc. 366,164 8,316
*,1 Lightwave Logic Inc. 1,742,087 8,153

          Shares Market
Value
($000)
* Xperi Inc.    669,186       8,070
*,1 Blend Labs Inc. Class A  2,475,612       8,046
* Matterport Inc.  3,533,004       7,985
* Corsair Gaming Inc.    641,847       7,920
*,1 Powerfleet Inc.  1,461,294       7,803
* NETGEAR Inc.    478,205       7,541
* SmartRent Inc. Class A  2,776,573       7,441
* Alpha & Omega Semiconductor Ltd.    335,606       7,397
1 Ubiquiti Inc.     63,833       7,395
* Applied Optoelectronics Inc.    508,089       7,042
* BigCommerce Holdings Inc.  1,014,807       6,992
* Aviat Networks Inc.    175,354       6,723
  Methode Electronics Inc.    548,130       6,676
  NVE Corp.     73,246       6,605
* FARO Technologies Inc. 296,016 6,367
* Daktronics Inc. 636,703 6,342
* Vishay Precision Group Inc. 172,469 6,093
* Clearfield Inc. 196,653 6,065
* OneSpan Inc. 517,429 6,018
  American Software Inc. Class A 521,843 5,975
*,1 Digimarc Corp. 219,825 5,975
  ADTRAN Holdings Inc. 1,094,703 5,955
* Instructure Holdings Inc. 276,521 5,912
* MeridianLink Inc. 311,838 5,831
* SEMrush Holdings Inc. Class A 438,150 5,810
*,1 Applied Digital Corp. 1,263,654 5,408
* Unisys Corp. 1,066,805 5,238
* Porch Group Inc. 1,213,243 5,229
*,1 MicroVision Inc. 2,814,406 5,179
* Evolv Technologies Holdings Inc. 1,157,596 5,151
* Weave Communications Inc. 442,669 5,082
* Eastman Kodak Co. 1,012,788 5,013
* 8x8 Inc. 1,846,503 4,986
*,1 Terawulf Inc. 1,895,934 4,986
* Enfusion Inc. Class A 536,243 4,960
*,1 Aehr Test Systems 394,499 4,892
* Backblaze Inc. Class A 462,814 4,735
  ON24 Inc. 662,626 4,731
  Climb Global Solutions Inc. 66,690 4,727
* Consensus Cloud Solutions Inc. 271,958 4,313
* Domo Inc. Class B 482,417 4,303
*,1 NextNav Inc. 650,077 4,278
* Turtle Beach Corp. 247,861 4,273
* CommScope Holding Co. Inc. 3,149,598 4,126
* Ribbon Communications Inc. 1,242,521 3,976
*,1 Ouster Inc. 500,072 3,971
* Thoughtworks Holding Inc. 1,449,826 3,668
* Digital Turbine Inc. 1,379,564 3,614
* Red Violet Inc. 172,011 3,363
*,1 SkyWater Technology Inc. 328,647 3,342
  Immersion Corp. 445,013 3,329
*,1 Cipher Mining Inc. 634,359 3,267
* CS Disco Inc. 399,811 3,250
*,1 QuickLogic Corp. 200,725 3,218
* Telos Corp. 755,369 3,142
*,1 Dave Inc. 82,886 3,078
* Iteris Inc. 618,560 3,056
1 ReposiTrak Inc. 191,260 3,031

          Shares Market
Value
($000)
* Kopin Corp.  1,550,345       2,791
* AXT Inc.    598,651       2,748
*,1 Tucows Inc. Class A    144,551       2,683
* EverCommerce Inc.    281,032       2,647
* Identiv Inc.    325,076       2,575
* 908 Devices Inc.    340,623       2,572
* Rimini Street Inc.    760,275       2,478
*,1 Veritone Inc.    466,521       2,454
*,1 Rigetti Computing Inc.  1,557,582       2,383
*,1 Rekor Systems Inc.    996,350       2,282
*,1 Atomera Inc.    369,491       2,276
* Viant Technology Inc. Class A    205,179       2,187
* inTEST Corp.    161,574       2,141
  CSP Inc.    115,662       2,135
* Arteris Inc. 290,129 2,124
*,1 D-Wave Quantum Inc. 1,036,620 2,115
* SoundThinking Inc. 127,026 2,017
* eGain Corp. 306,912 1,980
  Information Services Group Inc. 476,239 1,924
* Everspin Technologies Inc. 242,738 1,922
* Pixelworks Inc. 738,058 1,904
* Transphorm Inc. 361,933 1,777
*,1 BigBear.ai Holdings Inc. 839,528 1,721
*,1 CompoSecure Inc. Class A 222,348 1,608
* AstroNova Inc. 87,278 1,555
*,1 Airship AI Holdings Inc. 233,174 1,537
* Rackspace Technology Inc. 970,155 1,533
*,1 Phunware Inc. 170,767 1,530
* Luna Innovations Inc. 473,978 1,519
* Intevac Inc. 393,579 1,511
* Lantronix Inc. 418,390 1,489
  Richardson Electronics Ltd. 161,606 1,488
* WM Technology Inc. 1,111,889 1,479
* Comtech Telecommunications Corp. 405,149 1,390
* Genasys Inc. 582,790 1,381
* Aeva Technologies Inc. 340,191 1,337
* Upland Software Inc. 413,665 1,278
*,1 Astera Labs Inc. 16,031 1,189
* Kaltura Inc. 872,568 1,178
* Expensify Inc. Class A 634,087 1,167
* Brightcove Inc. 594,426 1,153
* CPI Card Group Inc. 63,608 1,136
* KVH Industries Inc. 220,329 1,124
* LivePerson Inc. 1,122,286 1,119
* Synchronoss Technologies Inc. 132,312 1,105
*,1 Vuzix Corp. 857,111 1,037
* Frequency Electronics Inc. 93,838 1,022
* SecureWorks Corp. Class A 148,163 996
* Research Solutions Inc. 315,142 996
* Amtech Systems Inc. 175,185 948
* M-Tron Industries Inc. 31,573 947
* CoreCard Corp. 84,857 938
*,1 Wrap Technologies Inc. 405,134 916
* Quantum Corp. 1,535,792 914
* AudioEye Inc. 89,905 900
* Intellicheck Inc. 243,594 848
* Airgain Inc. 152,243 830
* GSI Technology Inc. 216,448 736

          Shares Market
Value
($000)
* Key Tronic Corp.    156,477         729
* Sono-Tek Corp.    138,091         675
* Cambium Networks Corp.    156,165         673
* TransAct Technologies Inc.    123,194         646
1 SilverSun Technologies Inc.     46,703         616
* ZeroFox Holdings Inc.    537,924         602
* DecisionPoint Systems Inc.     66,144         600
* One Stop Systems Inc.    182,328         594
*,1 Akoustis Technologies Inc.    993,665         587
* LightPath Technologies Inc. Class A    424,658         586
*,1 Research Frontiers Inc.    411,436         535
* NetSol Technologies Inc.    188,484         522
*,1 Quantum Computing Inc.    512,697         508
* Crexendo Inc.    104,296         502
*,1 Ondas Holdings Inc. 515,283 500
* Inuvo Inc. 1,457,319 497
* CVD Equipment Corp. 100,702 474
* Issuer Direct Corp. 36,699 474
* Data I/O Corp. 131,906 464
*,1 authID Inc. 59,895 457
*,1 Edgio Inc. 47,314 457
* Franklin Wireless Corp. 146,912 439
*,1 Coda Octopus Group Inc. 75,655 437
* LGL Group Inc. 61,008 387
*,1 Stronghold Digital Mining Inc. Class A 90,167 374
* Aware Inc. 182,524 341
*,1 Inseego Corp. 119,016 333
* RF Industries Ltd. 105,170 326
* Red Cat Holdings Inc. 403,286 309
* DZS Inc. 231,838 306
* CPS Technologies Corp. 164,742 305
* Optical Cable Corp. 101,263 287
*,1 Mawson Infrastructure Group Inc. 187,673 287
1 VirnetX Holding Corp. 45,281 287
* SigmaTron International Inc. 77,301 281
* EMCORE Corp. 781,142 269
* WidePoint Corp. 102,130 265
* Data Storage Corp. 45,382 260
*,1 CXApp Inc. 104,761 257
*,1 Greenidge Generation Holdings Inc. Class A 73,177 256
* BK Technologies Corp. 16,789 245
* Smith Micro Software Inc. 706,442 243
* Trio-Tech International 36,381 231
* Electro-Sensors Inc. 51,424 214
*,1 Movano Inc. 512,874 211
1 ClearOne Inc. 114,784 210
*,1 Alpine 4 Holdings Inc. 290,863 206
* Duos Technologies Group Inc. 46,261 201
*,1 Neonode Inc. 139,362 195
* AmpliTech Group Inc. 103,829 192
* TSR Inc. 22,667 180
* Interlink Electronics Inc. 22,308 164
*,1 Meta Materials Inc. 53,424 164
* BTCS Inc. 87,854 155
* Focus Universal Inc. 374,994 154
* VerifyMe Inc. 106,857 149
* Casa Systems Inc. 538,466 147
*,1 Minim Inc. 23,144 147

          Shares Market
Value
($000)
*,1 Rubicon Technologies Inc. Class A    348,823         141
* Glimpse Group Inc.    116,434         130
* Bridgeline Digital Inc.    110,790         129
* Astrotech Corp.     13,863         121
*,1 Vislink Technologies Inc.     33,462         109
* Cepton Inc.     35,864         100
* Blackboxstocks Inc.     39,297          99
*,1 Intellinetics Inc.     10,665          94
*,1 Digital Ally Inc.     30,556          77
* Universal Security Instruments Inc.     47,378          75
*,1 CalAmp Corp.     21,842          72
*,1 reAlpha Tech Corp.     57,800          71
  Taitron Components Inc. Class A     21,640          70
*,1 Prairie Operating Co.      7,817          69
* Socket Mobile Inc. 67,150 68
* Nortech Systems Inc. 4,884 65
*,1 Sobr Safe Inc. 148,945 61
*,1 GSE Systems Inc. 25,559 60
*,1 AEye Inc. 46,220 58
*,1 Boxlight Corp. Class A 87,801 57
* Marin Software Inc. 181,298 55
*,1 Presto Automation Inc. 317,079 55
*,1 MariaDB plc 120,478 54
*,1 CISO Global Inc. 39,262 48
*,1 Airspan Networks Holdings Inc. 394,024 45
*,1 T Stamp Inc. Class A 44,215 41
*,1 WaveDancer Inc. 11,093 38
* Sonim Technologies Inc. 59,905 37
*,1 Iveda Solutions Inc. 40,911 37
*,1 Spectaire Holdings Inc. 50,927 37
*,1 Movella Holdings Inc. 588,741 35
* Intrusion Inc. 11,187 34
*,1 CYNGN Inc. 186,493 31
*,1 Cemtrex Inc. 6,772 28
* Mobix Labs Inc. 13,935 28
*,1 NextTrip Inc. 5,427 24
  Network-1 Technologies Inc. 10,467 22
*,1 Castellum Inc. 83,941 22
* OMNIQ Corp. 39,407 21
*,1 Soluna Holdings Inc. 7,454 21
*,2 SRAX Inc. 284,252 20
*,1 Verb Technology Co. Inc. 68,376 18
* Bio-key International Inc. 6,653 14
*,1 DatChat Inc. 9,288 13
*,1 Auddia Inc. 6,183 12
* FOXO Technologies Inc. 24,238 10
*,1 XTI Aerospace Inc. 5,801 10
*,1 Peraso Inc. 4,690 8
*,1 Oblong Inc. 45,359 6
* Urgent.ly Inc. 3,074 6
* MultiSensor AI Holdings Inc. 2,102 5
*,1 Gryphon Digital Mining Inc. 1,200 2
*,1 Syntec Optics Holdings Inc. 458 2
*,1 WiSA Technologies Inc. 45,800 1
* Griid Infrastructure Inc. 587 1
* Actelis Networks Inc. 200
            18,889,876

          Shares Market
Value
($000)
Materials (4.4%)
  Reliance Inc.    858,310     286,830
  RPM International Inc.  1,926,556     229,164
* Cleveland-Cliffs Inc.  7,457,751     169,589
  Crown Holdings Inc.  1,792,137     142,045
  AptarGroup Inc.    982,537     141,377
  Eagle Materials Inc.    506,602     137,669
  United States Steel Corp.  3,329,551     135,779
  Graphic Packaging Holding Co.  4,571,400     133,393
  Royal Gold Inc.    983,979     119,858
* Axalta Coating Systems Ltd.  3,285,433     112,986
  Olin Corp.  1,799,872     105,832
  Berry Global Group Inc.  1,733,554     104,845
  Commercial Metals Co.  1,738,058     102,146
* ATI Inc. 1,909,696 97,719
  Alcoa Corp. 2,671,096 90,256
  Sonoco Products Co. 1,466,798 84,840
  Element Solutions Inc. 3,325,621 83,074
  Louisiana-Pacific Corp. 960,165 80,567
  Sealed Air Corp. 2,162,118 80,431
* Summit Materials Inc. Class A 1,796,899 80,088
  Cabot Corp. 828,970 76,431
  Balchem Corp. 483,578 74,930
  Westlake Corp. 479,470 73,263
  Ashland Inc. 750,535 73,080
* Knife River Corp. 845,950 68,590
* Arcadium Lithium plc 15,433,041 66,516
  NewMarket Corp. 103,217 65,504
  HB Fuller Co. 808,128 64,440
  Huntsman Corp. 2,415,904 62,886
  Silgan Holdings Inc. 1,214,223 58,963
  Avient Corp. 1,356,460 58,870
  Alpha Metallurgical Resources Inc. 176,995 58,615
  Chemours Co. 2,220,470 58,310
  Carpenter Technology Corp. 739,608 52,823
  Innospec Inc. 371,747 47,933
  Warrior Met Coal Inc. 777,513 47,195
  Scotts Miracle-Gro Co. 626,546 46,734
  Arch Resources Inc. 274,624 44,157
  Sensient Technologies Corp. 631,250 43,676
  Quaker Chemical Corp. 206,760 42,437
  Hecla Mining Co. 8,553,956 41,145
  Materion Corp. 307,380 40,497
* O-I Glass Inc. 2,317,661 38,450
  Minerals Technologies Inc. 486,013 36,587
  Sylvamo Corp. 527,749 32,583
*,1 MP Materials Corp. 2,159,069 30,875
  Greif Inc. Class A 434,935 30,032
  Tronox Holdings plc 1,729,558 30,008
  Stepan Co. 318,338 28,663
* Ingevity Corp. 507,209 24,194
*,1 Ginkgo Bioworks Holdings Inc. Class A 20,102,077 23,318
  Hawkins Inc. 291,406 22,380
* Coeur Mining Inc. 5,847,413 22,045
  Kaiser Aluminum Corp. 241,233 21,557
  Orion SA 863,736 20,315
* Ecovyst Inc. 1,551,765 17,302
  TriMas Corp. 640,316 17,116

          Shares Market
Value
($000)
  Koppers Holdings Inc.    303,142      16,724
  Worthington Steel Inc.    453,989      16,276
* Perimeter Solutions SA  2,092,472      15,526
* Aspen Aerogels Inc.    880,499      15,497
  Mativ Holdings Inc.    795,752      14,920
  Ryerson Holding Corp.    438,080      14,676
  SunCoke Energy Inc.  1,254,841      14,142
* Metallus Inc.    597,321      13,290
  Myers Industries Inc.    563,409      13,054
*,1 PureCycle Technologies Inc.  2,054,299      12,778
* Century Aluminum Co.    785,366      12,087
  AdvanSix Inc.    416,107      11,901
  Haynes International Inc.    193,843      11,654
* Clearwater Paper Corp.    257,878      11,277
  Olympic Steel Inc. 150,892 10,695
  Ramaco Resources Inc. Class A 540,462 9,101
  United States Lime & Minerals Inc. 30,413 9,067
  Pactiv Evergreen Inc. 621,414 8,899
  Radius Recycling Inc. 392,385 8,291
  Compass Minerals International Inc. 514,819 8,103
* LSB Industries Inc. 877,754 7,707
  Mercer International Inc. 655,064 6,518
*,1 McEwen Mining Inc. 600,354 5,919
* Gatos Silver Inc. 695,896 5,839
  American Vanguard Corp. 447,788 5,799
* Ranpak Holdings Corp. Class A 587,894 4,627
* Rayonier Advanced Materials Inc. 966,417 4,619
*,1 Piedmont Lithium Inc. 280,022 3,730
  Kronos Worldwide Inc. 309,460 3,652
* Intrepid Potash Inc. 138,492 2,889
* Smith-Midland Corp. 61,274 2,879
* Universal Stainless & Alloy Products Inc. 117,992 2,645
  Tredegar Corp. 382,334 2,493
* Arq Inc. 353,054 2,288
* Alto Ingredients Inc. 1,042,887 2,273
* Core Molding Technologies Inc. 111,989 2,120
*,1 ASP Isotopes Inc. 492,566 2,034
  Trinseo plc 511,396 1,933
* Dakota Gold Corp. 806,577 1,912
  Friedman Industries Inc. 93,681 1,756
  Ramaco Resources Inc. Class B 132,194 1,659
  Northern Technologies International Corp. 111,967 1,506
* Glatfelter Corp. 730,566 1,461
* Idaho Strategic Resources Inc. 169,246 1,432
*,1 Danimer Scientific Inc. 1,256,035 1,369
*,1 American Battery Technology Co. 755,360 1,322
*,1 Contango ORE Inc. 62,674 1,244
* Ascent Industries Co. 110,698 1,128
  Greif Inc. Class B 13,999 973
*,1 Loop Industries Inc. 332,490 931
* Origin Materials Inc. 1,744,951 890
*,1 5E Advanced Materials Inc. 553,569 742
*,1 Flotek Industries Inc. 171,925 643
* Gold Resource Corp. 1,281,600 557
*,1 US Gold Corp. 143,623 527
*,1 Hycroft Mining Holding Corp. Class A 235,039 519
* Solitario Resources Corp. 786,156 472
* Ampco-Pittsburgh Corp. 180,060 391

          Shares Market
Value
($000)
* United States Antimony Corp.  1,198,945         300
* US Goldmining Inc.     18,138          96
* Paramount Gold Nevada Corp.    190,627          77
*,1 Golden Minerals Co.     75,719          32
* Eightco Holdings Inc.     33,455          26
* N2OFF Inc.     16,703          22
*,1 Adamas One Corp.     27,332          12
*,1 Crown ElectroKinetics Corp.      8,521           1
*,2 Novusterra Inc.     68,679          —
            4,520,830
Real Estate (5.3%)
  Sun Communities Inc.  1,857,170     238,795
  WP Carey Inc.  3,277,807     184,999
  Gaming & Leisure Properties Inc.  3,974,725     183,116
  Equity LifeStyle Properties Inc. 2,794,635 179,975
  American Homes 4 Rent Class A 4,732,989 174,079
  Rexford Industrial Realty Inc. 3,153,746 158,633
  Lamar Advertising Co. Class A 1,310,291 156,462
  CubeSmart 3,366,042 152,212
* Jones Lang LaSalle Inc. 707,692 138,064
* Zillow Group Inc. Class C 2,658,749 129,694
  EastGroup Properties Inc. 713,775 128,315
  NNN REIT Inc. 2,732,237 116,776
  Omega Healthcare Investors Inc. 3,675,306 116,397
  Brixmor Property Group Inc. 4,498,044 105,479
  STAG Industrial Inc. 2,716,489 104,422
  First Industrial Realty Trust Inc. 1,979,337 103,994
  Ryman Hospitality Properties Inc. 893,914 103,345
  Americold Realty Trust Inc. 3,991,057 99,457
  Terreno Realty Corp. 1,397,602 92,801
  Agree Realty Corp. 1,504,742 85,951
  Healthcare Realty Trust Inc. Class A 5,711,647 80,820
  Kite Realty Group Trust 3,286,081 71,242
  Apartment Income REIT Corp. Class A 2,156,610 70,025
  Vornado Realty Trust 2,391,537 68,805
  Rayonier Inc. 2,040,524 67,827
  Phillips Edison & Co. Inc. 1,836,412 65,872
  Essential Properties Realty Trust Inc. 2,326,883 62,035
  Kilroy Realty Corp. 1,593,238 58,042
  PotlatchDeltic Corp. 1,185,628 55,748
  Macerich Co. 3,216,311 55,417
  Park Hotels & Resorts Inc. 3,135,905 54,847
  Cousins Properties Inc. 2,256,439 54,245
  Independence Realty Trust Inc. 3,346,789 53,984
1 SL Green Realty Corp. 963,530 53,119
  Apple Hospitality REIT Inc. 3,171,871 51,955
  Sabra Health Care REIT Inc. 3,450,908 50,970
  CareTrust REIT Inc. 1,955,393 47,653
  EPR Properties 1,121,151 47,593
  Tanger Inc. 1,595,386 47,112
  National Storage Affiliates Trust 1,152,993 45,151
  Broadstone Net Lease Inc. 2,787,438 43,679
  Innovative Industrial Properties Inc. 420,457 43,534
1 Medical Properties Trust Inc. 8,973,272 42,174
  DigitalBridge Group Inc. 2,147,916 41,390
  Highwoods Properties Inc. 1,574,794 41,228
  National Health Investors Inc. 647,826 40,703
  COPT Defense Properties 1,673,920 40,459

          Shares Market
Value
($000)
  LXP Industrial Trust  4,348,235      39,221
  SITE Centers Corp.  2,672,289      39,149
  Outfront Media Inc.  2,167,358      36,390
* Howard Hughes Holdings Inc.    485,121      35,230
  Douglas Emmett Inc.  2,487,304      34,499
  Sunstone Hotel Investors Inc.  3,064,665      34,140
  Four Corners Property Trust Inc.  1,343,007      32,863
  St. Joe Co.    530,764      30,768
  Urban Edge Properties  1,747,226      30,175
  DiamondRock Hospitality Co.  3,137,032      30,147
* Equity Commonwealth  1,580,474      29,839
  Pebblebrook Hotel Trust  1,818,801      28,028
  RLJ Lodging Trust  2,322,339      27,450
  Acadia Realty Trust  1,609,437      27,377
* Cushman & Wakefield plc 2,515,081 26,308
* Opendoor Technologies Inc. 8,616,100 26,107
  InvenTrust Properties Corp. 1,011,362 26,002
  Retail Opportunity Investments Corp. 1,876,071 24,051
* Zillow Group Inc. Class A 493,642 23,626
  Xenia Hotels & Resorts Inc. 1,544,966 23,190
  Global Net Lease Inc. 2,915,488 22,653
  Uniti Group Inc. 3,579,634 21,120
  JBG SMITH Properties 1,297,919 20,832
  Newmark Group Inc. Class A 1,820,332 20,188
  LTC Properties Inc. 612,175 19,902
  Empire State Realty Trust Inc. Class A 1,962,212 19,877
  Getty Realty Corp. 720,010 19,692
  NETSTREIT Corp. 1,018,266 18,706
  Elme Communities 1,343,133 18,696
  Veris Residential Inc. 1,226,059 18,648
  Alexander & Baldwin Inc. 1,101,129 18,136
* Compass Inc. Class A 4,927,811 17,740
  Service Properties Trust 2,501,435 16,960
* Apartment Investment & Management Co. Class A 2,053,674 16,820
  Easterly Government Properties Inc. Class A 1,401,148 16,127
  American Assets Trust Inc. 723,201 15,845
  Kennedy-Wilson Holdings Inc. 1,775,807 15,236
  UMH Properties Inc. 912,480 14,819
  Safehold Inc. 690,749 14,229
  Piedmont Office Realty Trust Inc. Class A 1,886,483 13,262
  Centerspace 231,456 13,225
  American Healthcare REIT Inc. 857,282 12,645
  Brandywine Realty Trust 2,629,514 12,622
  Plymouth Industrial REIT Inc. 559,170 12,581
  Hudson Pacific Properties Inc. 1,923,002 12,403
  Marcus & Millichap Inc. 355,805 12,158
1 eXp World Holdings Inc. 1,149,983 11,879
* Forestar Group Inc. 285,496 11,474
* Redfin Corp. 1,720,883 11,444
  NexPoint Residential Trust Inc. 344,340 11,084
  Paramount Group Inc. 2,355,454 11,047
  Summit Hotel Properties Inc. 1,683,412 10,959
  Armada Hoffler Properties Inc. 1,016,879 10,576
* Anywhere Real Estate Inc. 1,694,873 10,474
  Community Healthcare Trust Inc. 381,336 10,125
1 Peakstone Realty Trust 540,487 8,718
  Gladstone Commercial Corp. 627,183 8,680
  CBL & Associates Properties Inc. 358,973 8,224

          Shares Market
Value
($000)
  Whitestone REIT    639,196       8,022
  Diversified Healthcare Trust  3,241,300       7,974
  Global Medical REIT Inc.    896,640       7,846
1 Farmland Partners Inc.    705,662       7,833
  Saul Centers Inc.    187,110       7,202
  Gladstone Land Corp.    521,732       6,960
  Chatham Lodging Trust    662,690       6,700
* FRP Holdings Inc.    107,250       6,585
  Universal Health Realty Income Trust    176,232       6,470
  Alexander's Inc.     29,574       6,422
* Seritage Growth Properties Class A    608,338       5,870
  One Liberty Properties Inc.    249,812       5,643
* Star Holdings    426,875       5,515
  NET Lease Office Properties    225,570       5,369
  RMR Group Inc. Class A 217,267 5,214
1 CTO Realty Growth Inc. 305,536 5,179
* Tejon Ranch Co. 335,176 5,165
  Postal Realty Trust Inc. Class A 299,843 4,294
  Industrial Logistics Properties Trust 946,492 4,060
  NexPoint Diversified Real Estate Trust 558,755 3,688
  Orion Office REIT Inc. 983,755 3,453
  Alpine Income Property Trust Inc. 205,392 3,138
  BRT Apartments Corp. 182,998 3,074
  Franklin Street Properties Corp. 1,341,324 3,045
  City Office REIT Inc. 572,275 2,982
  RE/MAX Holdings Inc. Class A 298,475 2,618
* Stratus Properties Inc. 94,932 2,167
* Maui Land & Pineapple Co. Inc. 89,198 1,932
  Braemar Hotels & Resorts Inc. 895,611 1,791
* Douglas Elliman Inc. 1,030,775 1,629
  Office Properties Income Trust 743,688 1,517
  Modiv Industrial Inc. Class C 81,778 1,373
* AMREP Corp. 56,666 1,317
  Clipper Realty Inc. 225,016 1,087
  Bluerock Homes Trust Inc. 54,970 933
*,1 Offerpad Solutions Inc. 114,347 926
  Creative Media & Community Trust Corp. 186,677 795
* Ashford Hospitality Trust Inc. 559,405 766
  Global Self Storage Inc. 170,573 759
* Transcontinental Realty Investors Inc. 17,849 672
* Sotherly Hotels Inc. 298,937 433
*,1 Doma Holdings Inc. 91,760 417
* Altisource Portfolio Solutions SA 186,490 362
* Rafael Holdings Inc. Class B 172,498 297
  Generation Income Properties Inc. 73,862 283
* Comstock Holding Cos. Inc. Class A 52,330 264
* American Realty Investors Inc. 14,699 263
* Fathom Holdings Inc. 102,907 205
* InterGroup Corp. 7,864 177
*,1 LuxUrban Hotels Inc. 120,402 166
* JW Mays Inc. 2,533 114
* CKX Lands Inc. 5,436 72
  InnSuites Hospitality Trust 51,409 68
  Strawberry Fields REIT Inc. 8,356 66
*,1 Altisource Asset Management Corp. 15,639 51
* New Concept Energy Inc. 48,067 50
*,1 Trinity Place Holdings Inc. 313,994 47
*,1 Safe & Green Development Corp. 43,845 37

          Shares Market
Value
($000)
* Power REIT     36,007          27
  Medalist Diversified REIT Inc.      3,971          23
* Alset Inc.     21,638          15
*,1 Avalon GloboCare Corp.     34,504          11
* American Strategic Investment Co.      1,135           7
  Presidio Property Trust Inc. Class A      5,005           6
*,1 Wheeler REIT Inc.     14,483           2
*,2 Spirit MTA REIT    653,668          —
            5,534,409
Utilities (1.8%)
  Vistra Corp.  5,016,343     349,388
  Essential Utilities Inc.  3,781,365     140,100
  OGE Energy Corp.  3,006,285     103,116
  UGI Corp.  3,129,801      76,805
  National Fuel Gas Co. 1,381,238 74,200
  IDACORP Inc. 758,295 70,438
  Southwest Gas Holdings Inc. 900,446 68,551
  Portland General Electric Co. 1,509,246 63,388
  New Jersey Resources Corp. 1,465,409 62,881
  Black Hills Corp. 1,015,776 55,461
  Otter Tail Corp. 623,679 53,886
  ONE Gas Inc. 827,741 53,414
  Ormat Technologies Inc. 800,908 53,012
  ALLETE Inc. 856,185 51,063
  Spire Inc. 815,614 50,054
  PNM Resources Inc. 1,283,970 48,329
  Northwestern Energy Group Inc. 914,880 46,595
1 MGE Energy Inc. 539,257 42,450
  Avista Corp. 1,155,273 40,458
  American States Water Co. 558,113 40,318
  California Water Service Group 858,339 39,896
  Avangrid Inc. 1,045,030 38,081
  Chesapeake Utilities Corp. 341,834 36,679
  Clearway Energy Inc. Class C 1,412,725 32,563
  SJW Group 431,258 24,405
  Northwest Natural Holding Co. 544,654 20,272
  Hawaiian Electric Industries Inc. 1,647,116 18,563
  Middlesex Water Co. 271,839 14,271
  Unitil Corp. 227,908 11,931
*,1 Sunnova Energy International Inc. 1,584,777 9,715
  York Water Co. 197,549 7,165
  Consolidated Water Co. Ltd. 237,938 6,974
  Clearway Energy Inc. Class A 310,399 6,677
  Genie Energy Ltd. Class B 341,851 5,155
  Artesian Resources Corp. Class A 128,624 4,773
* Altus Power Inc. Class A 979,195 4,681
* Montauk Renewables Inc. 988,306 4,111
* Pure Cycle Corp. 295,865 2,811
  RGC Resources Inc. 127,094 2,572
*,1 Cadiz Inc. 681,992 1,978
  Global Water Resources Inc. 150,152 1,928
* Spruce Power Holding Corp. 198,847 789
* Via Renewables Inc. Class A 37,181 402
            1,840,299
Total Common Stocks (Cost $82,418,171) 103,134,658

          Shares Market
Value
($000)
Preferred Stocks (0.0%)
  FAT Brands Inc. Pfd., 8.250%, 5/7/24      7,939         124
*,1,2 Next Bridge Hydrocarbons Inc. Preference Shares    902,467          —
*,2 BTCS Inc. Preference Shares     87,854          —
Total Preferred Stocks (Cost $2,737) 124
Rights (0.0%)
*,2 Frequency Therapeutics Inc. CVR    448,505         888
*,2 Tobira Therapeutics Inc. CVR Exp. 12/31/28     87,894         398
*,1,2 Palisade Bio Inc. CVR    238,902         229
*,2 Spectrum Pharmaceuticals Inc. CVR  2,524,293         206
*,2 Imara Inc. CVR    140,767         176
*,2 Adamas Pharmaceuticals Inc. CVR  1,055,708          64
*,2 Surface Oncology Inc. CVR    579,706          54
*,2 Gyre Therapeutics Inc. CVR    475,977          48
*,2 Miromatrix Medical Inc. CVR 280,666 39
*,2 Aduro Biotech Inc. CVR 150,581 28
*,2 Strongbridge Biopharma plc CVR 687,671 24
*,2 Aevi Genomic Medicine Inc. CVR 631,947 21
*,1,2 Oncternal Therapeutics Inc. CVR 19,268 20
*,2 Ocera Therapeutics Inc. CVR 48,417 13
*,1,2 Miragen Therapeutics Inc. CVR 330,960 7
*,2 Qualigen Therapeutics Inc. CVR 91,096 6
*,2 F-star Therapeutics Inc. CVR 81,675 6
*,2 Q32 Bio Inc. CVR 535,943 5
*,2 Alexza Pharmaceuticals Inc. CVR 128,704 4
* Ligand Pharmaceuticals Inc. General CVR 395,811 3
*,1,2 Seelos Therapeutics Inc. CVR 5,736 3
*,2 Dianthus Therapeutics Inc. CVR 545,859 3
*,2 Ocuphire Pharma Inc. CVR 13,673 2
*,1,2 CinCor Pharma Inc. CVR 832 2
* Ligand Pharmaceuticals Inc. Glucagon CVR 395,811 1
* Ligand Pharmaceuticals Inc. Roche CVR 395,811 1
*,2 Ambit Biosciences Corp. CVR 22,388
*,2 NeuroBo Pharmaceuticals Inc. CVR 5,194
*,2 Achillion Pharmaceuticals Inc. CVR 374
*,2 Pineapple Energy Inc. CVR 30,377
*,1,2 Disc Medicine Inc. CVR 238,398
*,2 Sesen Bio Inc. CVR 2,671,362
*,2 Chinook Therapeutics Inc. CVR 59
*,1,2 Spyre Therapeutics Inc. CVR 632,341
*,2 Neurogene Inc. CVR 95,916
*,2 INNOVATE Corp. 624,309
*,1 Empire Petroleum Corp. Exp. 4/3/24 273,797
Total Rights (Cost $2,327) 2,251
Warrants (0.0%)
*,1 TurnOnGreen Inc. Exp. 7/14/28 930,380 1
* Ayala Pharmaceuticals Inc. Exp. 9/11/24 47,130
*,2 Salarius Pharmaceuticals Inc. Exp. 1/20/25 119,407
Total Warrants (Cost $200) 1

      Coupon   Shares Market
Value
($000)
Temporary Cash Investments (1.9%)
Money Market Fund (1.9%)
4,5 Vanguard Market Liquidity Fund
(Cost $1,969,714)
5.407%   19,712,056            1,970,812
Total Investments (101.5%) (Cost $84,393,149)   105,107,846
Other Assets and Liabilities—Net (-1.5%)   (1,555,987)
Net Assets (100%)   103,551,859
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 $1,563,264,000.
2 Security value determined using significant unobservable inputs.
3 Restricted securities totaling $1,388,000, representing 0.0% of net assets.
4 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
5 Collateral of $1,777,895,000 was received for securities on loan, of which $1,775,485,000 is held in Vanguard Market Liquidity Fund and $2,410,000 is held in cash.
    
  CVR—Contingent Value Rights.
  REIT—Real Estate Investment Trust.


Derivative Financial Instruments Outstanding as of Period End

Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts
E-mini NASDAQ 100 Index June 2024 197 72,792 720
E-mini Russell 2000 Index June 2024 2,395 256,972 4,990
E-mini S&P 500 Index June 2024 27 7,166 158
E-mini S&P Mid-Cap 400 Index June 2024 23 7,078 209
        6,077
    
Over-the-Counter Total Return Swaps
Reference Entity Termination
Date
Counterparty Notional
Amount
($000)
Floating
Interest
Rate
Received
(Paid)1
(%)
Value and
Unrealized
Appreciation
($000)
Value and
Unrealized
(Depreciation)
($000)
BILL Holdings Inc. 8/30/24 BANA 5,383 (5.328) 436
Chewy Inc. Class A 1/31/25 GSI 5,391 (5.332) (467)
Lucid Group Inc. 1/31/25 GSI 4,968 (5.332) 269
Sirius XM Holdings Inc. 1/31/25 GSI 8,910 (5.332) (387)
Snowflake Inc. Class A 8/30/24 BANA 29,748 (5.328) (4,334)
Wayfair Inc. Class A 8/30/24 BANA 7,748 (5.328) 1,045
          1,750 (5,188)
1 Based on USD Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly.
  BANA—Bank of America, N.A.
  GSI—Goldman Sachs International.

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.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks or indexes in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.
A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily

to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.
D.   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—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund's investments and derivatives as of March 31, 2024, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 103,130,476 1,390 2,792 103,134,658
Preferred Stocks 124 124
Rights 5 2,246 2,251
Warrants 1 1
Temporary Cash Investments 1,970,812 1,970,812
Total 105,101,418 1,390 5,038 105,107,846
Derivative Financial Instruments        
Assets        
Futures Contracts1 6,077 6,077
Swap Contracts 1,750 1,750
Total 6,077 1,750 7,827
Liabilities        
Swap Contracts 5,188 5,188
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.