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Eaton Vance

Tax-Managed Growth Fund 1.2

September 30, 2021 (Unaudited)

Eaton Vance Tax-Managed Growth Fund 1.2 (the Fund), a diversified series of Eaton Vance Mutual Funds Trust, invests substantially all of its assets in Tax-Managed Growth Portfolio (the Portfolio) and owns a pro rata interest in the Portfolio’s net assets. At September 30, 2021, the value of the Fund’s investment in the Portfolio was $1,177,401,727 and the Fund owned 3.5% of the Portfolio’s outstanding interests. The Portfolio’s Portfolio of Investments is set forth below.

 

 

 

 

Tax-Managed Growth Portfolio

September 30, 2021

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 99.3%

 

                                                 
Security    Shares      Value  

Aerospace & Defense — 1.1%

 

Boeing Co. (The)(1)

      883,547      $ 194,327,327  

General Dynamics Corp.

      152,333        29,861,838  

Hexcel Corp.(1)

      103,987        6,175,788  

Howmet Aerospace, Inc.

      4        125  

Huntington Ingalls Industries, Inc.

      2,300        444,038  

L3Harris Technologies, Inc.

      6,721        1,480,233  

Lockheed Martin Corp.

      127,793        44,101,364  

Northrop Grumman Corp.

      54,756        19,720,374  

Raytheon Technologies Corp.

      1,028,183        88,382,611  

Textron, Inc.

      9,462        660,542  

TransDigm Group, Inc.(1)

      3,386        2,114,794  
     

 

 

  
   $ 387,269,034  
     

 

 

  

Air Freight & Logistics — 1.1%

 

C.H. Robinson Worldwide, Inc.

      280,856      $ 24,434,472  

Expeditors International of Washington, Inc.

      12,997        1,548,333  

FedEx Corp.

      359,477        78,829,711  

GXO Logistics, Inc.(1)

      67,458        5,291,405  

United Parcel Service, Inc., Class B

      1,462,169        266,260,975  
     

 

 

  
   $ 376,364,896  
     

 

 

  

Airlines — 0.0%(2)

 

American Airlines Group, Inc.(1)

      66,989      $ 1,374,614  

Delta Air Lines, Inc.(1)

      61,964        2,640,286  

Southwest Airlines Co.(1)

      28,371        1,459,121  
     

 

 

  
   $ 5,474,021  
     

 

 

  

Auto Components — 0.6%

 

Adient PLC(1)

      8,500      $ 352,325  

Aptiv PLC(1)

      1,022,078        152,258,960  

BorgWarner, Inc.

      800        34,568  

Dorman Products, Inc.(1)

      20,730        1,962,509  

Garrett Motion, Inc.(1)

      6,726        49,571  

Gentex Corp.

      1,443,192        47,596,472  
     

 

 

  
   $ 202,254,405  
     

 

 

  

Automobiles — 0.3%

 

Daimler AG

      18,000      $ 1,605,600  

Ford Motor Co.(1)

      1,214,929        17,203,394  

General Motors Co.(1)

      87,194        4,595,996  

Harley-Davidson, Inc.

      800        29,288  

Tesla, Inc.(1)

      81,583        63,265,985  

Toyota Motor Corp. ADR

      5,100        906,525  
     

 

 

  
   $ 87,606,788  
     

 

 

  

 

1

 

 

                                                 
Security    Shares      Value  

Banks — 4.4%

 

Bank of America Corp.

      4,461,689      $ 189,398,698  

Bank of Hawaii Corp.

      557        45,769  

Bank of Montreal

      4        399  

CIT Group, Inc.

      1,490        77,405  

Citigroup, Inc.

      887,368        62,275,486  

Commerce Bancshares, Inc.

      75,693        5,274,288  

CVB Financial Corp.

      608,432        12,393,760  

Fifth Third Bancorp

      1,750,024        74,271,018  

First Republic Bank

      2,010        387,689  

HSBC Holdings PLC

      220,592        1,156,659  

HSBC Holdings PLC ADR

      424        11,088  

Huntington Bancshares, Inc.

      144,510        2,234,125  

ING Groep NV ADR

      125        1,811  

JPMorgan Chase & Co.

      4,205,399        688,381,762  

KeyCorp

      94,874        2,051,176  

Live Oak Bancshares, Inc.

      15,000        954,450  

M&T Bank Corp.

      150,733        22,510,466  

Pinnacle Financial Partners, Inc.

      34,686        3,263,259  

PNC Financial Services Group, Inc. (The)

      112,911        22,089,908  

Regions Financial Corp.

      772,628        16,464,703  

Signature Bank

      3,359        914,588  

Societe Generale S.A.

      405,793        12,707,342  

Sterling Bancorp

      180,109        4,495,521  

SVB Financial Group(1)

      31,586        20,432,352  

Synovus Financial Corp.

      1,565        68,688  

Toronto-Dominion Bank (The)

      569        37,639  

Truist Financial Corp.

      1,624,262        95,262,966  

U.S. Bancorp

      1,077,302        64,034,831  

Wells Fargo & Co.

      3,672,382        170,435,249  

Western Alliance Bancorp

      23,987        2,610,265  

Zions Bancorp N.A.

      53,870        3,334,014  
     

 

 

  
   $ 1,477,577,374  
     

 

 

  

Beverages — 1.8%

 

Anheuser-Busch InBev SA/NV ADR

      75,379      $ 4,249,868  

Boston Beer Co., Inc. (The), Class A(1)

      4,730        2,411,118  

Brown-Forman Corp., Class A

      17,399        1,090,395  

Brown-Forman Corp., Class B

      420,049        28,147,483  

Coca-Cola Co. (The)

      3,842,275        201,604,169  

Constellation Brands, Inc., Class A

      118,245        24,913,039  

Diageo PLC ADR

      8,946        1,726,578  

Keurig Dr Pepper, Inc.

      2,700        92,232  

Molson Coors Beverage Co., Class B

      81,684        3,788,504  

Monster Beverage Corp.(1)

      176,096        15,642,608  

PepsiCo, Inc.

      2,120,417        318,931,921  
     

 

 

  
   $ 602,597,915  
     

 

 

  

Biotechnology — 2.2%

 

AbbVie, Inc.

      1,122,750      $ 121,111,042  

Agios Pharmaceuticals, Inc.(1)

      74,972        3,459,958  

Alkermes PLC(1)

      5,000        154,200  

Alnylam Pharmaceuticals, Inc.(1)

      9,409        1,776,513  

Amgen, Inc.

      676,344        143,824,552  

 

2

 

 

                                                 
Security    Shares      Value  

Arena Pharmaceuticals, Inc.(1)

      15,471      $ 921,298  

argenx SE ADR(1)

      308,910        93,290,820  

Biogen, Inc.(1)

      100,377        28,405,687  

Bluebird Bio, Inc.(1)

      500        9,555  

Blueprint Medicines Corp.(1)

      211,575        21,752,026  

Exact Sciences Corp.(1)

      243,557        23,247,516  

Exact Sciences Corp.(1)(3)

      8,313        793,218  

Gilead Sciences, Inc.

      1,132,300        79,091,155  

Incyte Corp.(1)

      103,220        7,099,472  

Moderna, Inc.(1)

      343,592        132,234,817  

Natera, Inc.(1)

      14,283        1,591,697  

Neurocrine Biosciences, Inc.(1)

      219,845        21,085,334  

Regeneron Pharmaceuticals, Inc.(1)

      25,022        15,142,814  

Seagen, Inc.(1)

      5,662        961,408  

Vertex Pharmaceuticals, Inc.(1)

      346,315        62,818,078  
     

 

 

  
   $ 758,771,160  
     

 

 

  

Building Products — 0.5%

 

A.O. Smith Corp.

      31,693      $ 1,935,492  

Carlisle Cos., Inc.

      71,809        14,274,911  

Carrier Global Corp.

      236,798        12,256,664  

Fortune Brands Home & Security, Inc.

      27,542        2,462,806  

Johnson Controls International PLC

      350,723        23,877,222  

Lennox International, Inc.

      381,979        112,366,762  

Masco Corp.

      38,156        2,119,566  

Resideo Technologies, Inc.(1)

      11,209        277,871  

Trane Technologies PLC

      41,918        7,237,143  

Trex Co., Inc.(1)

      3,070        312,925  
     

 

 

  
   $ 177,121,362  
     

 

 

  

Capital Markets — 4.9%

 

Affiliated Managers Group, Inc.

      58,916      $ 8,901,618  

Ameriprise Financial, Inc.

      168,240        44,435,549  

Bank of New York Mellon Corp. (The)

      710,996        36,858,033  

BlackRock, Inc.

      41,727        34,994,766  

Blackstone, Inc., Class A

      402,444        46,820,335  

Brookfield Asset Management, Inc., Class A

      265,563        14,210,276  

Cboe Global Markets, Inc.

      175,154        21,694,574  

Charles Schwab Corp. (The)

      3,934,418        286,583,007  

CME Group, Inc.

      245,536        47,481,752  

FactSet Research Systems, Inc.

      97,345        38,429,859  

Federated Hermes, Inc., Class B

      37,249        1,210,593  

Franklin Resources, Inc.

      211,191        6,276,597  

Goldman Sachs Group, Inc. (The)

      1,160,752        438,799,079  

Intercontinental Exchange, Inc.

      154,759        17,769,428  

Invesco, Ltd.

      11,064        266,753  

LPL Financial Holdings, Inc.

      187,889        29,453,480  

Moody’s Corp.

      261,669        92,921,279  

Morgan Stanley(4)

      2,294,869        223,313,702  

Morningstar, Inc.

      4,694        1,215,887  

Nasdaq, Inc.

      71,215        13,745,919  

Northern Trust Corp.

      2,500        269,525  

Raymond James Financial, Inc.

      110,958        10,239,204  

S&P Global, Inc.

      308,515        131,084,938  

 

3

 

 

                                                 
Security    Shares      Value  

SEI Investments Co.

      159,600      $ 9,464,280  

State Street Corp.

      215,676        18,272,071  

Stifel Financial Corp.

      169,194        11,498,424  

T. Rowe Price Group, Inc.

      408,116        80,276,417  

UBS Group AG(1)

      9        143  
     

 

 

  
   $ 1,666,487,488  
     

 

 

  

Chemicals — 1.0%

 

AdvanSix, Inc.(1)

      968      $ 38,478  

Air Products and Chemicals, Inc.

      25,995        6,657,579  

Albemarle Corp.

      128,966        28,239,685  

Balchem Corp.

      17,292        2,508,550  

Cabot Corp.

      16,510        827,481  

Celanese Corp.

      23,540        3,546,066  

Chemours Co. (The)

      1        29  

Corteva, Inc.

      242,479        10,203,516  

Dow, Inc.

      80,280        4,620,917  

DuPont de Nemours, Inc.

      505,065        34,339,369  

Eastman Chemical Co.

      1,062        106,986  

Ecolab, Inc.

      600,698        125,317,617  

FMC Corp.

      817        74,805  

International Flavors & Fragrances, Inc.

      5,000        668,600  

Linde PLC

      20,617        6,048,616  

LyondellBasell Industries NV, Class A

      4,274        401,115  

NewMarket Corp.

      13,626        4,616,080  

Nutrien, Ltd.

      9,812        636,112  

PPG Industries, Inc.

      414,428        59,267,348  

RPM International, Inc.

      3,433        266,572  

Scotts Miracle-Gro Co. (The)

      136        19,905  

Sherwin-Williams Co. (The)

      177,116        49,544,659  

Westlake Chemical Corp.

      1,000        91,140  
     

 

 

  
   $ 338,041,225  
     

 

 

  

Commercial Services & Supplies — 0.2%

 

Brady Corp., Class A

      258      $ 13,080  

Cintas Corp.

      398        151,503  

Copart, Inc.(1)

      4,771        661,833  

HNI Corp.

      108,151        3,971,305  

Pitney Bowes, Inc.

      1,365        9,842  

Republic Services, Inc.

      2,127        255,368  

Rollins, Inc.

      60,814        2,148,558  

Stericycle, Inc.(1)

      8,000        543,760  

Waste Connections, Inc.

      115,655        14,564,434  

Waste Management, Inc.

      208,549        31,148,879  
     

 

 

  
   $ 53,468,562  
     

 

 

  

Communications Equipment — 1.7%

 

Arista Networks, Inc.(1)

      910,405      $ 312,851,574  

Arista Networks, Inc.(1)(3)

      72,500        24,913,900  

Arista Networks, Inc.(1)(3)

      105,064        36,104,194  

Cisco Systems, Inc.

      3,011,681        163,925,797  

Juniper Networks, Inc.

      285,300        7,851,456  

 

4

 

 

                                                 
Security    Shares      Value  

Motorola Solutions, Inc.

      51,820      $ 12,038,823  

Nokia Oyj ADR(1)

      192        1,046  
     

 

 

  
   $ 557,686,790  
     

 

 

  

Construction & Engineering — 0.0%(2)

 

Fluor Corp.(1)

      3,250      $ 51,903  

Quanta Services, Inc.

      2,649        301,509  
     

 

 

  
   $ 353,412  
     

 

 

  

Construction Materials — 0.0%(2)

 

Vulcan Materials Co.

      62,993      $ 10,655,896  
     

 

 

  
   $ 10,655,896  
     

 

 

  

Consumer Finance — 1.1%

 

American Express Co.

      1,009,394      $ 169,103,777  

Capital One Financial Corp.

      91,743        14,859,614  

Discover Financial Services

      1,229,947        151,098,989  

LendingClub Corp.(1)

      15,938        450,089  

Synchrony Financial

      758,957        37,097,818  
     

 

 

  
   $ 372,610,287  
     

 

 

  

Containers & Packaging — 0.1%

 

Amcor PLC

      940,774      $ 10,903,571  

AptarGroup, Inc.

      65,000        7,757,750  

Avery Dennison Corp.

      5,508        1,141,313  

Ball Corp.

      63,819        5,741,795  

Crown Holdings, Inc.

      13,787        1,389,454  

International Paper Co.

      35,524        1,986,502  

Packaging Corp. of America

      12,273        1,686,801  

Sealed Air Corp.

      27,104        1,485,028  

Sonoco Products Co.

      774        46,115  

WestRock Co.

      21,573        1,074,982  
     

 

 

  
   $ 33,213,311  
     

 

 

  

Distributors — 0.0%(2)

 

Genuine Parts Co.

      22,932      $ 2,780,046  

LKQ Corp.(1)

      81,118        4,081,858  
     

 

 

  
   $ 6,861,904  
     

 

 

  

Diversified Consumer Services — 0.0%(2)

 

Bright Horizons Family Solutions, Inc.(1)

      6,150      $ 857,433  

H&R Block, Inc.

      3,429        85,725  

Service Corp. International

      16,140        972,596  
     

 

 

  
   $ 1,915,754  
     

 

 

  

Diversified Financial Services — 2.3%

 

Berkshire Hathaway, Inc., Class A(1)

      590      $ 242,713,604  

Berkshire Hathaway, Inc., Class B(1)

      1,968,375        537,248,273  
     

 

 

  
   $ 779,961,877  
     

 

 

  

Diversified Telecommunication Services — 0.2%

 

AT&T, Inc.

      517,131      $ 13,967,708  

Liberty Latin America, Ltd., Class A(1)

      1,546        20,222  

Liberty Latin America, Ltd., Class C(1)

      4,825        63,304  

 

5

 

 

                                                 
Security    Shares      Value  

Lumen Technologies, Inc.

      4,871      $ 60,352  

Verizon Communications, Inc.

      951,247        51,376,850  
     

 

 

  
   $ 65,488,436  
     

 

 

  

Electric Utilities — 0.3%

 

Duke Energy Corp.

      227,308      $ 22,182,988  

Edison International

      1,960        108,721  

Entergy Corp.

      2,640        262,178  

Exelon Corp.

      31,288        1,512,462  

NextEra Energy, Inc.

      1,021,455        80,204,647  

NRG Energy, Inc.

      3,136        128,043  

PPL Corp.

      2,700        75,276  

Southern Co. (The)

      75,403        4,672,724  

Xcel Energy, Inc.

      20,000        1,250,000  
     

 

 

  
   $ 110,397,039  
     

 

 

  

Electrical Equipment — 0.8%

 

Acuity Brands, Inc.

      9,321      $ 1,615,982  

AMETEK, Inc.

      68,380        8,479,804  

Eaton Corp. PLC

      92,139        13,757,274  

Emerson Electric Co.

      2,207,508        207,947,254  

Generac Holdings, Inc.(1)

      2,476        1,011,867  

Hubbell, Inc.

      62,461        11,284,829  

nVent Electric PLC

      4        129  

Rockwell Automation, Inc.

      113,811        33,464,986  
     

 

 

  
   $ 277,562,125  
     

 

 

  

Electronic Equipment, Instruments & Components — 0.5%

 

Amphenol Corp., Class A

      24,559      $ 1,798,456  

CDW Corp.

      144,142        26,236,727  

Corning, Inc.

      1,489,441        54,349,702  

IPG Photonics Corp.(1)

      17,003        2,693,275  

Keysight Technologies, Inc.(1)

      12,706        2,087,469  

Knowles Corp.(1)

      1        19  

Littelfuse, Inc.

      52,675        14,394,497  

Littelfuse, Inc.(3)

      39,181        10,704,047  

TE Connectivity, Ltd.

      59,321        8,140,028  

Teledyne Technologies, Inc.(1)

      145        62,289  

Trimble, Inc.(1)

      15,062        1,238,849  

Trimble, Inc.(1)(3)

      183,372        15,074,806  

Vontier Corp.

      3,985        133,896  

Zebra Technologies Corp., Class A(1)

      50,775        26,170,450  
     

 

 

  
   $ 163,084,510  
     

 

 

  

Energy Equipment & Services — 0.1%

 

ChampionX Corp.(1)

      10,853      $ 242,673  

Core Laboratories NV

      16,652        462,093  

Frank’s International NV

      1,500,000        4,410,000  

Halliburton Co.

      184,786        3,995,073  

NOV, Inc.(1)

      10,391        136,226  

Schlumberger NV

      835,265        24,757,255  

Transocean, Ltd.(1)

      3,548        13,447  
     

 

 

  
   $ 34,016,767  
     

 

 

  

 

6

 

 

                                                 
Security    Shares      Value  

Entertainment — 2.5%

 

Activision Blizzard, Inc.

      243,371      $ 18,834,482  

Electronic Arts, Inc.

      150,119        21,354,428  

Liberty Braves Group, Series A(1)

      1,236        33,261  

Liberty Braves Group, Series C(1)

      2,473        65,337  

Live Nation Entertainment, Inc.(1)

      20,744        1,890,401  

NetEase, Inc. ADR

      510        43,554  

Netflix, Inc.(1)

      223,925        136,670,384  

ROBLOX Corp., Class A(1)

      905,777        68,431,452  

Roku, Inc.(1)

      3,130        980,785  

Spotify Technology S.A.(1)

      87,019        19,608,861  

Walt Disney Co. (The)(1)

      3,420,833        578,702,319  

Zynga, Inc., Class A(1)

      193,100        1,454,043  
     

 

 

  
   $ 848,069,307  
     

 

 

  

Equity Real Estate Investment Trusts (REITs) — 0.1%

 

American Tower Corp.

      60,668      $ 16,101,894  

American Tower Corp.(3)

      33,660        8,928,787  

AvalonBay Communities, Inc.

      7,000        1,551,480  

Boston Properties, Inc.

      60        6,501  

Equinix, Inc.

      700        553,091  

Extra Space Storage, Inc.

      1,800        302,382  

Federal Realty Investment Trust

      1,300        153,387  

Host Hotels & Resorts, Inc.(1)

      528,986        8,638,341  

ProLogis, Inc.

      40,593        5,091,580  

Public Storage

      2,114        628,069  

Regency Centers Corp.

      405        27,269  

SBA Communications Corp.

      3,000        991,710  

Simon Property Group, Inc.

      25,563        3,322,423  

Sun Communities, Inc.

      10,148        1,878,395  
     

 

 

  
   $ 48,175,309  
     

 

 

  

Food & Staples Retailing — 1.6%

 

Costco Wholesale Corp.

      948,405      $ 426,165,787  

Kroger Co. (The)

      154,886        6,262,041  

Sprouts Farmers Market, Inc.(1)

      750,036        17,378,334  

Sysco Corp.

      644,967        50,629,909  

Walgreens Boots Alliance, Inc.

      439,211        20,664,878  

Walmart, Inc.

      34,824        4,853,769  
     

 

 

  
   $ 525,954,718  
     

 

 

  

Food Products — 1.1%

 

Archer-Daniels-Midland Co.

      137,778      $ 8,268,058  

Campbell Soup Co.

      748,065        31,276,598  

Conagra Brands, Inc.

      665,690        22,546,920  

Flowers Foods, Inc.

      586,273        13,853,631  

General Mills, Inc.

      146,647        8,772,424  

Hain Celestial Group, Inc. (The)(1)

      17,240        737,527  

Hershey Co. (The)

      219,063        37,076,413  

Hormel Foods Corp.

      366,066        15,008,706  

J&J Snack Foods Corp.

      33,410        5,105,716  

JM Smucker Co. (The)

      21,346        2,562,160  

Kellogg Co.

      72,821        4,654,718  

 

7

 

 

                                                 
Security    Shares      Value  

Kraft Heinz Co. (The)

      106,315      $ 3,914,518  

Lamb Weston Holdings, Inc.

      126,408        7,757,659  

McCormick & Co., Inc., Non Voting Shares

      167,236        13,551,133  

Mondelez International, Inc., Class A

      903,965        52,592,684  

Nestle S.A.

      1,118,348        134,749,772  

Tyson Foods, Inc., Class A

      27,528        2,173,060  
     

 

 

  
   $ 364,601,697  
     

 

 

  

Health Care Equipment & Supplies — 3.3%

 

Abbott Laboratories

      1,993,822      $ 235,530,193  

ABIOMED, Inc.(1)

      109,299        35,579,010  

Alcon, Inc.

      22,924        1,844,694  

Align Technology, Inc.(1)

      18,703        12,445,537  

Avanos Medical, Inc.(1)

      542        16,910  

Baxter International, Inc.

      39,578        3,183,259  

Becton, Dickinson and Co.

      129,609        31,860,484  

Boston Scientific Corp.(1)

      478,945        20,781,424  

Danaher Corp.

      191,016        58,152,911  

DexCom, Inc.(1)

      125,592        68,681,241  

Edwards Lifesciences Corp.(1)

      31,569        3,573,927  

Hill-Rom Holdings, Inc.

      36,482        5,472,300  

IDEXX Laboratories, Inc.(1)

      17,216        10,706,630  

Inari Medical, Inc.(1)

      327,840        26,587,824  

Insulet Corp.(1)

      9,898        2,813,309  

Integra LifeSciences Holdings Corp.(1)

      2,025,898        138,733,495  

Integra LifeSciences Holdings Corp.(1)(3)

      200,000        13,696,000  

Integra LifeSciences Holdings Corp.(1)(3)

      730,000        49,990,400  

Intuitive Surgical, Inc.(1)

      175,548        174,521,044  

Medtronic PLC

      545,255        68,347,714  

Penumbra, Inc.(1)

      93,193        24,835,935  

ResMed, Inc.

      21,670        5,711,129  

Smith & Nephew PLC ADR

      5,500        188,870  

Stryker Corp.

      341,734        90,122,091  

Teleflex, Inc.

      14,475        5,450,561  

West Pharmaceutical Services, Inc.

      11,186        4,748,904  

Zimmer Biomet Holdings, Inc.

      152,838        22,369,370  
     

 

 

  
   $ 1,115,945,166  
     

 

 

  

Health Care Providers & Services — 2.0%

 

Acadia Healthcare Co., Inc.(1)

      32,000      $ 2,040,960  

Anthem, Inc.

      145,784        54,348,275  

Cardinal Health, Inc.

      29,103        1,439,434  

Centene Corp.(1)

      171,273        10,672,021  

Cigna Corp.

      40,630        8,132,500  

Cigna Corp.(3)

      7,416        1,484,387  

Covetrus, Inc.(1)

      10,511        190,670  

CVS Health Corp.

      1,287,288        109,239,260  

DaVita, Inc.(1)

      157,055        18,259,214  

Ensign Group, Inc. (The)

      51,487        3,855,861  

Guardant Health, Inc.(1)

      145,805        18,227,083  

HCA Healthcare, Inc.

      192,518        46,727,969  

Henry Schein, Inc.(1)

      26,348        2,006,664  

Humana, Inc.

      2,441        949,915  

Laboratory Corp. of America Holdings(1)

      745        209,673  

 

8

 

 

                                                 
Security    Shares      Value  

McKesson Corp.

      150,389      $ 29,984,559  

Molina Healthcare, Inc.(1)

      18,585        5,042,296  

Oak Street Health, Inc.(1)

      744,379        31,658,439  

Progyny, Inc.(1)

      15,525        869,400  

Tenet Healthcare Corp.(1)

      2,363        156,998  

UnitedHealth Group, Inc.

      817,575        319,459,255  
     

 

 

  
   $ 664,954,833  
     

 

 

  

Health Care Technology — 0.0%(2)

 

Cerner Corp.

      19,478      $ 1,373,589  

Inovalon Holdings, Inc., Class A(1)

      65,580        2,642,218  

Teladoc Health, Inc.(1)

      50,647        6,422,546  

Veeva Systems, Inc., Class A(1)

      12,508        3,604,430  
     

 

 

  
   $ 14,042,783  
     

 

 

  

Hotels, Restaurants & Leisure — 3.5%

 

Airbnb, Inc., Class A(1)

      236,236      $ 39,628,589  

Aramark

      148,020        4,863,937  

Booking Holdings, Inc.(1)

      53,162        126,199,677  

Carnival Corp.(1)

      22,069        551,946  

Chipotle Mexican Grill, Inc.(1)

      121,020        219,956,271  

Choice Hotels International, Inc.

      49,631        6,271,870  

Darden Restaurants, Inc.

      77,690        11,767,704  

Domino’s Pizza, Inc.

      2,815        1,342,642  

DraftKings, Inc., Class A(1)

      550        26,488  

Expedia Group, Inc.(1)

      84,704        13,882,986  

Hilton Worldwide Holdings, Inc.(1)

      106,201        14,030,214  

Hyatt Hotels Corp., Class A(1)

      1,353,442        104,350,378  

Marriott International, Inc., Class A(1)

      1,480,901        219,306,629  

McDonald’s Corp.

      112,342        27,086,780  

MGM Resorts International

      892,202        38,498,516  

Penn National Gaming, Inc.(1)

      30,956        2,243,072  

Royal Caribbean Cruises, Ltd.(1)

      1,900        169,005  

Starbucks Corp.

      2,552,969        281,618,010  

Texas Roadhouse, Inc.

      417,127        38,096,209  

Trip.com Group, Ltd. ADR(1)

      5,200        159,900  

Yum China Holdings, Inc.

      375,464        21,818,213  

Yum! Brands, Inc.

      150,394        18,394,690  
     

 

 

  
   $ 1,190,263,726  
     

 

 

  

Household Durables — 0.2%

 

D.R. Horton, Inc.

      31,511      $ 2,645,979  

Helen of Troy, Ltd.(1)

      645        144,919  

Leggett & Platt, Inc.

      94,579        4,240,922  

Lennar Corp., Class A

      48,693        4,561,560  

Lennar Corp., Class B

      21        1,629  

Mohawk Industries, Inc.(1)

      20,864        3,701,274  

Newell Brands, Inc.

      123,465        2,733,515  

 

9

 

 

                                                 
Security    Shares      Value  

NVR, Inc.(1)

      1,822      $ 8,734,814  

PulteGroup, Inc.

      222,055        10,196,765  

Tempur Sealy International, Inc.

      540,100        25,066,041  

Toll Brothers, Inc.

      4,378        242,060  

Whirlpool Corp.

      1,646        335,553  
     

 

 

  
   $ 62,605,031  
     

 

 

  

Household Products — 1.6%

 

Church & Dwight Co., Inc.

      179,764      $ 14,843,114  

Church & Dwight Co., Inc.(3)

      17,504        1,445,305  

Clorox Co. (The)

      20,683        3,425,312  

Colgate-Palmolive Co.

      2,829,502        213,853,761  

Energizer Holdings, Inc.

      10,496        409,869  

Kimberly-Clark Corp.

      94,974        12,578,357  

Procter & Gamble Co. (The)

      2,193,853        306,700,649  
     

 

 

  
   $ 553,256,367  
     

 

 

  

Independent Power and Renewable Electricity Producers — 0.0%(2)

 

AES Corp. (The)

      1,730      $ 39,496  
     

 

 

  
   $ 39,496  
     

 

 

  

Industrial Conglomerates — 0.9%

 

3M Co.

      778,183      $ 136,508,862  

General Electric Co.

      727,422        74,946,288  

Honeywell International, Inc.

      373,506        79,287,854  

Roper Technologies, Inc.

      21,082        9,405,313  
     

 

 

  
   $ 300,148,317  
     

 

 

  

Insurance — 1.3%

 

Aegon NV ADR

      5      $ 25  

Aflac, Inc.

      885,015        46,135,832  

Alleghany Corp.(1)

      3,985        2,488,274  

Allstate Corp. (The)

      20,953        2,667,526  

American International Group, Inc.

      136,826        7,510,379  

Aon PLC, Class A

      175,011        50,012,893  

Arch Capital Group, Ltd.(1)

      286,437        10,936,165  

Arthur J. Gallagher & Co.

      501,294        74,517,353  

Assurant, Inc.

      13,599        2,145,242  

Brighthouse Financial, Inc.(1)

      936        42,335  

Brookfield Asset Management Reinsurance Partners, Ltd., Class A(1)

      1,615        89,729  

Brown & Brown, Inc.

      407        22,568  

Chubb, Ltd.

      51,587        8,949,313  

Cincinnati Financial Corp.

      74,325        8,489,402  

Fidelity National Financial, Inc.

      57,654        2,614,032  

First American Financial Corp.

      1,227        82,270  

Globe Life, Inc.

      62,917        5,601,501  

Hartford Financial Services Group, Inc.

      218,598        15,356,510  

 

10

 

 

                                                 
Security    Shares      Value  

Lincoln National Corp.

      8,488      $ 583,550  

Markel Corp.(1)

      23,895        28,557,631  

Marsh & McLennan Cos., Inc.

      238,691        36,144,978  

MetLife, Inc.

      18,779        1,159,228  

Old Republic International Corp.

      57,300        1,325,349  

Principal Financial Group, Inc.

      12,517        806,095  

Progressive Corp. (The)

      983,264        88,877,233  

Prudential Financial, Inc.

      21,659        2,278,527  

Reinsurance Group of America, Inc.

      6,425        714,846  

Travelers Cos., Inc. (The)

      146,997        22,345,014  

Trisura Group, Ltd.(1)

      496        16,770  

W.R. Berkley Corp.

      29,250        2,140,515  

Willis Towers Watson PLC

      70        16,272  
     

 

 

  
   $ 422,627,357  
     

 

 

  

Interactive Media & Services — 9.7%

 

Alphabet, Inc., Class A(1)

      316,180      $ 845,313,553  

Alphabet, Inc., Class C(1)

      424,304        1,130,901,694  

Baidu, Inc. ADR(1)

      140,152        21,548,370  

CarGurus, Inc.(1)

      37,803        1,187,392  

Cars.com, Inc.(1)

      400        5,060  

Facebook, Inc., Class A(1)

      2,895,156        982,586,995  

IAC/InterActiveCorp.(1)

      13,258        1,727,385  

Match Group, Inc.(1)

      266,751        41,877,240  

Match Group, Inc.(1)(3)

      260,261        40,858,374  

Pinterest, Inc., Class A(1)

      2,540,426        129,434,705  

Snap, Inc., Class A(1)

      159,924        11,813,586  

Snap, Inc., Class A(1)(3)

      469,399        34,674,504  

Twitter, Inc.(1)

      313,831        18,952,254  

Vimeo, Inc.(1)

      10,844        318,488  

Yelp, Inc.(1)

      149,508        5,567,678  

Zillow Group, Inc., Class A(1)

      10,638        942,314  

Zillow Group, Inc., Class C(1)

      21,276        1,875,267  
     

 

 

  
   $ 3,269,584,859  
     

 

 

  

Internet & Direct Marketing Retail — 4.4%

 

Alibaba Group Holding, Ltd. ADR(1)

      370,229      $ 54,812,403  

Altaba, Inc.(5)

      114,070        750,010  

Amazon.com, Inc.(1)

      415,222        1,364,020,879  

DoorDash, Inc., Class A(1)

      133,033        27,402,137  

eBay, Inc.

      330,295        23,011,653  

Etsy, Inc.(1)

      180        37,433  

Qurate Retail, Inc., Series A

      99,802        1,016,982  

Wayfair, Inc., Class A(1)

      66,699        17,042,262  
     

 

 

  
   $ 1,488,093,759  
     

 

 

  

IT Services — 5.0%

 

Accenture PLC, Class A

      1,030,209      $ 329,584,463  

Affirm Holdings, Inc.(1)

      70,476        8,395,806  

Akamai Technologies, Inc.(1)

      257,635        26,946,045  

 

11

 

 

                                                 
Security    Shares      Value  

Alliance Data Systems Corp.

      686      $ 69,211  

Amdocs, Ltd.

      43,944        3,327,000  

Automatic Data Processing, Inc.

      308,131        61,601,549  

Broadridge Financial Solutions, Inc.

      108,127        18,018,283  

CGI, Inc.(1)

      200        16,952  

Cognizant Technology Solutions Corp., Class A

      25,858        1,918,922  

Fidelity National Information Services, Inc.

      18,757        2,282,352  

Fiserv, Inc.(1)

      663,315        71,969,677  

Gartner, Inc.(1)

      1,203        365,568  

Global Payments, Inc.

      46,403        7,312,185  

International Business Machines Corp.

      678,199        94,222,187  

Jack Henry & Associates, Inc.

      2,196        360,276  

Mastercard, Inc., Class A

      204,903        71,240,675  

Okta, Inc.(1)

      319,829        75,908,215  

Paychex, Inc.

      25,638        2,882,993  

PayPal Holdings, Inc.(1)

      1,114,377        289,972,039  

Sabre Corp.(1)

      157,290        1,862,314  

Shopify, Inc., Class A(1)

      12,524        16,979,789  

Snowflake, Inc., Class A(1)

      125,608        37,987,627  

Square, Inc., Class A(1)

      434,159        104,128,695  

Twilio, Inc., Class A(1)

      555,411        177,203,880  

VeriSign, Inc.(1)

      5,654        1,159,126  

Visa, Inc., Class A

      1,215,928        270,847,962  

Visa, Inc., Class A(3)

      29,956        6,672,699  

Western Union Co. (The)

      21,882        442,454  
     

 

 

  
   $ 1,683,678,944  
     

 

 

  

Leisure Products — 0.1%

 

Callaway Golf Co.(1)

      1,165,163      $ 32,193,454  

Hasbro, Inc.

      8,235        734,727  

Mattel, Inc.(1)

      3,941        73,145  

Polaris, Inc.

      79,672        9,533,551  
     

 

 

  
   $ 42,534,877  
     

 

 

  

Life Sciences Tools & Services — 0.8%

 

10X Genomics, Inc., Class A(1)

      527,021      $ 76,723,717  

Agilent Technologies, Inc.

      675,957        106,483,506  

Avantor, Inc.(1)

      120,000        4,908,000  

Bio-Rad Laboratories, Inc., Class A(1)

      52        38,790  

Illumina, Inc.(1)

      92,146        37,375,339  

IQVIA Holdings, Inc.(1)

      57,487        13,770,436  

Mettler-Toledo International, Inc.(1)

      1,000        1,377,360  

NeoGenomics, Inc.(1)

      197,625        9,533,430  

PerkinElmer, Inc.

      10,025        1,737,232  

Thermo Fisher Scientific, Inc.

      60,408        34,512,903  

Waters Corp.(1)

      730        260,829  
     

 

 

  
   $ 286,721,542  
     

 

 

  

Machinery — 1.7%

 

Caterpillar, Inc.

      395,684      $ 75,959,457  

Caterpillar, Inc.(3)

      6,950        1,334,192  

Cummins, Inc.

      1,688        379,057  

 

12

 

 

                                                 
Security    Shares      Value  

Deere & Co.

      221,013      $ 74,054,826  

Donaldson Co., Inc.

      129,828        7,453,425  

Dover Corp.

      387,429        60,245,210  

Fortive Corp.

      33,376        2,355,344  

Illinois Tool Works, Inc.

      1,283,606        265,231,508  

Ingersoll Rand, Inc.(1)

      171,492        8,644,912  

Lincoln Electric Holdings, Inc.

      53,660        6,910,871  

Manitowoc Co., Inc. (The)(1)

      11,435        244,938  

Middleby Corp.(1)

      2,000        341,020  

Otis Worldwide Corp.

      434,865        35,780,692  

PACCAR, Inc.

      186,094        14,686,539  

Parker-Hannifin Corp.

      25,759        7,202,732  

Pentair PLC

      75        5,447  

Snap-on, Inc.

      29,674        6,200,382  

Stanley Black & Decker, Inc.

      288        50,489  

Trinity Industries, Inc.

      11,100        301,587  

Welbilt, Inc.(1)

      40,320        937,037  

Westinghouse Air Brake Technologies Corp.

      14,120        1,217,285  

Xylem, Inc.

      104,546        12,930,249  
     

 

 

  
   $ 582,467,199  
     

 

 

  

Media — 0.3%

 

Comcast Corp., Class A

      1,194,749      $ 66,822,311  

Discovery, Inc., Class A(1)

      97,615        2,477,468  

Discovery, Inc., Class C(1)

      255,207        6,193,874  

Fox Corp., Class A

      50,412        2,022,025  

Interpublic Group of Cos., Inc. (The)

      976        35,790  

Liberty Broadband Corp., Series A(1)

      1        168  

Liberty Broadband Corp., Series C(1)

      1        173  

News Corp., Class A

      32,024        753,525  

Omnicom Group, Inc.

      31,882        2,310,170  

Sirius XM Holdings, Inc.

      53,280        325,008  

TEGNA, Inc.

      1,201        23,684  

ViacomCBS, Inc., Class B

      612,221        24,188,852  
     

 

 

  
   $ 105,153,048  
     

 

 

  

Metals & Mining — 0.2%

 

Alcoa Corp.(1)

      2,063      $ 100,963  

Arconic Corp.(1)

      1        32  

Cleveland-Cliffs, Inc.(1)

      386,648        7,659,497  

Freeport-McMoRan, Inc.

      97,788        3,181,044  

Glencore PLC

      598,405        2,814,959  

Newmont Corp.

      103        5,593  

Nucor Corp.

      242,095        23,843,937  

Steel Dynamics, Inc.

      232,124        13,574,611  
     

 

 

  
   $ 51,180,636  
     

 

 

  

 

13

 

 

                                                 
Security    Shares      Value  

Multi-Utilities — 0.3%

 

Consolidated Edison, Inc.

      53,943      $ 3,915,722  

Dominion Energy, Inc.

      896,671        65,474,916  

DTE Energy Co.

      77,124        8,615,522  

NiSource, Inc.

      828        20,063  

Public Service Enterprise Group, Inc.

      500        30,450  

Sempra Energy

      66,344        8,392,516  

WEC Energy Group, Inc.

      15,006        1,323,529  
     

 

 

  
   $ 87,772,718  
     

 

 

  

Multiline Retail — 0.1%

 

Dollar General Corp.

      347      $ 73,613  

Dollar Tree, Inc.(1)

      147,240        14,093,813  

Nordstrom, Inc.(1)

      3,192        84,428  

Target Corp.

      43,260        9,896,590  
     

 

 

  
   $ 24,148,444  
     

 

 

  

Oil, Gas & Consumable Fuels — 1.6%

 

Antero Resources Corp.(1)

      1,341,986      $ 25,242,757  

Cheniere Energy, Inc.(1)

      584,059        57,045,043  

Chevron Corp.

      1,024,462        103,931,670  

ConocoPhillips

      381,805        25,874,925  

Devon Energy Corp.

      33,163        1,177,618  

DT Midstream, Inc.(1)

      38,562        1,783,107  

Enbridge, Inc.

      4,983        198,323  

EOG Resources, Inc.

      957,376        76,848,572  

EQT Corp.(1)

      180,474        3,692,498  

Equitrans Midstream Corp.

      144,379        1,464,003  

Exxon Mobil Corp.

      3,191,990        187,752,852  

Hess Corp.

      53,310        4,164,044  

HollyFrontier Corp.

      9,171        303,835  

Kinder Morgan, Inc.

      112,401        1,880,469  

Marathon Oil Corp.

      8,775        119,954  

Marathon Petroleum Corp.

      193,112        11,936,253  

Murphy Oil Corp.

      65,112        1,625,847  

Occidental Petroleum Corp.

      39,361        1,164,298  

Phillips 66

      198,773        13,920,073  

Pioneer Natural Resources Co.

      22,600        3,763,126  

Range Resources Corp.(1)

      664,831        15,045,126  

Royal Dutch Shell PLC, Class A ADR

      100        4,457  

Southwestern Energy Co.(1)

      486        2,692  

Valero Energy Corp.

      14,809        1,045,071  

Williams Cos., Inc. (The)

      20,025        519,448  
     

 

 

  
   $ 540,506,061  
     

 

 

  

Personal Products — 0.1%

 

Estee Lauder Cos., Inc. (The), Class A

      48,170      $ 14,447,628  

Unilever PLC ADR

      70,897        3,844,035  
     

 

 

  
   $ 18,291,663  
     

 

 

  

 

14

 

 

                                                 
Security    Shares      Value  

Pharmaceuticals — 4.3%

 

AstraZeneca PLC ADR

      1,319,364      $ 79,241,002  

Bausch Health Cos., Inc.(1)

      4,389        122,234  

Bristol-Myers Squibb Co.

      2,388,829        141,347,012  

Catalent, Inc.(1)

      45,943        6,113,635  

Eli Lilly & Co.

      2,272,117        524,972,633  

GlaxoSmithKline PLC ADR

      11,863        453,285  

Johnson & Johnson

      2,603,504        420,465,896  

Mallinckrodt PLC(1)

      6        1  

Merck & Co., Inc.

      1,683,991        126,484,564  

Novartis AG ADR

      130,348        10,659,859  

Novo Nordisk A/S ADR

      67,297        6,461,185  

Organon & Co.

      165,644        5,431,467  

Pfizer, Inc.

      2,307,624        99,250,908  

Reata Pharmaceuticals, Inc., Class A(1)

      4,694        472,263  

Roche Holding AG ADR

      35,808        1,628,190  

Sanofi ADR

      5,100        245,871  

Takeda Pharmaceutical Co., Ltd. ADR

      31,905        522,604  

Teva Pharmaceutical Industries, Ltd. ADR(1)

      5,106        49,732  

Viatris, Inc.

      143,127        1,939,371  

Zoetis, Inc.

      7,805        1,515,263  

Zoetis, Inc.(3)

      54,359        10,549,035  
     

 

 

  
   $ 1,437,926,010  
     

 

 

  

Professional Services — 0.3%

 

ASGN, Inc.(1)

      284,823      $ 32,224,874  

Booz Allen Hamilton Holding Corp., Class A

      102,820        8,158,767  

CACI International, Inc., Class A(1)

      13,584        3,560,366  

CACI International, Inc., Class A(1)(3)

      6,200        1,624,614  

Equifax, Inc.

      8,854        2,243,781  

IHS Markit, Ltd.

      423        49,330  

Jacobs Engineering Group, Inc.

      85,615        11,346,556  

Nielsen Holdings PLC

      52,745        1,012,177  

Thomson Reuters Corp.

      181,943        20,101,063  

Verisk Analytics, Inc.

      109,365        21,902,528  
     

 

 

  
   $ 102,224,056  
     

 

 

  

Road & Rail — 1.4%

 

Canadian National Railway Co.

      163,374      $ 18,894,203  

Canadian Pacific Railway, Ltd.

      960        62,467  

CSX Corp.

      2,219,677        66,013,194  

J.B. Hunt Transport Services, Inc.

      10,348        1,730,393  

Kansas City Southern

      6,899        1,867,145  

Lyft, Inc., Class A(1)

      160,326        8,591,870  

Norfolk Southern Corp.

      355,378        85,024,187  

Norfolk Southern Corp.(3)

      3,953        945,282  

Uber Technologies, Inc.(1)

      3,699,519        165,738,451  

Union Pacific Corp.

      585,629        114,789,140  

XPO Logistics, Inc.(1)

      67,458        5,368,308  
     

 

 

  
   $ 469,024,640  
     

 

 

  

 

15

 

 

                                                 
Security    Shares      Value  

Semiconductors & Semiconductor Equipment — 6.0%

 

Advanced Micro Devices, Inc.(1)

      27,020      $ 2,780,358  

Analog Devices, Inc.

      586,007        98,144,452  

Applied Materials, Inc.

      280,276        36,079,930  

ASML Holding NV - NY Shares

      12,572        9,367,523  

Broadcom, Inc.

      102,327        49,621,432  

Broadcom, Inc.(3)

      14,025        6,801,143  

Cirrus Logic, Inc.(1)

      50,300        4,142,205  

Enphase Energy, Inc.(1)

      50,000        7,498,500  

Intel Corp.

      7,090,719        377,793,508  

KLA Corp.

      225        75,265  

Lam Research Corp.

      83,655        47,612,243  

Marvell Technology, Inc.

      95,691        5,771,124  

Microchip Technology, Inc.

      557,284        85,537,521  

Micron Technology, Inc.

      386,114        27,406,372  

NVIDIA Corp.

      2,578,252        534,110,684  

NXP Semiconductors NV

      14,754        2,889,866  

Qorvo, Inc.(1)

      13,586        2,271,443  

QUALCOMM, Inc.

      4,056,582        523,217,946  

Silicon Laboratories, Inc.(1)

      67,435        9,451,690  

Skyworks Solutions, Inc.

      1,000        164,780  

Teradyne, Inc.

      1,200        131,004  

Texas Instruments, Inc.

      1,036,360        199,198,756  

Xilinx, Inc.

      15,258        2,303,806  
     

 

 

  
   $ 2,032,371,551  
     

 

 

  

Software — 9.9%

 

Adobe, Inc.(1)

      420,983      $ 242,368,333  

ANSYS, Inc.(1)

      154,179        52,490,241  

Autodesk, Inc.(1)

      31,106        8,870,498  

Box, Inc., Class A(1)

      106,049        2,510,180  

Cadence Design Systems, Inc.(1)

      770,051        116,616,523  

CDK Global, Inc.

      3        128  

Check Point Software Technologies, Ltd.(1)

      151,951        17,176,541  

Citrix Systems, Inc.

      11,798        1,266,751  

Coupa Software, Inc.(1)

      54,504        11,946,187  

Crowdstrike Holdings, Inc., Class A(1)

      433,003        106,423,477  

DocuSign, Inc.(1)

      1,155,530        297,468,088  

Dropbox, Inc., Class A(1)

      3,191,403        93,252,796  

Envestnet, Inc.(1)

      87,353        7,009,205  

Fortinet, Inc.(1)

      26,918        7,861,133  

Guidewire Software, Inc.(1)

      67,562        8,031,095  

Intuit, Inc.

      117,544        63,416,163  

Mandiant, Inc.

      331,973        5,909,119  

Manhattan Associates, Inc.(1)

      77,673        11,886,299  

Microsoft Corp.

      4,472,757        1,260,959,653  

 

16

 

 

                                                 
Security    Shares      Value  

Mimecast, Ltd.(1)

      34,653      $ 2,203,931  

nCino, Inc.(1)

      25,000        1,775,750  

NCR Corp.(1)

      190        7,364  

NortonLifeLock, Inc.

      121,379        3,070,889  

Nuance Communications, Inc.(1)

      9,702        533,998  

Nutanix, Inc., Class A(1)

      18,402        693,755  

Oracle Corp.

      380,151        33,122,557  

Palantir Technologies, Inc., Class A(1)

      3,121,678        75,045,139  

Palo Alto Networks, Inc.(1)

      294,911        141,262,369  

Paycom Software, Inc.(1)

      552,844        274,072,413  

RingCentral, Inc., Class A(1)

      18,835        4,096,613  

salesforce.com, inc.(1)

      326,215        88,476,032  

SAP SE ADR

      2,796        377,572  

ServiceNow, Inc.(1)

      212,195        132,042,583  

Smartsheet, Inc., Class A(1)

      227,811        15,677,953  

Splunk, Inc.(1)

      412,415        59,680,575  

Synopsys, Inc.(1)

      34,898        10,448,810  

Teradata Corp.(1)

      318        18,237  

Tyler Technologies, Inc.(1)

      232,333        106,559,530  

Workday, Inc., Class A(1)

      241,399        60,323,196  

Zscaler, Inc.(1)

      65,205        17,098,055  

Zscaler, Inc.(1)(3)

      10,000        2,621,348  
     

 

 

  
   $ 3,344,671,079  
     

 

 

  

Specialty Retail — 2.3%

 

Advance Auto Parts, Inc.

      16,346      $ 3,414,516  

AutoNation, Inc.(1)

      18,322        2,230,887  

AutoZone, Inc.(1)

      2,520        4,278,935  

Bath & Body Works, Inc.

      265,335        16,724,065  

Bed Bath & Beyond, Inc.(1)

      22,000        380,050  

Best Buy Co., Inc.

      343,446        36,305,677  

Burlington Stores, Inc.(1)

      22,163        6,284,762  

CarMax, Inc.(1)

      25,710        3,289,851  

Dick’s Sporting Goods, Inc.

      72,500        8,683,325  

Gap, Inc. (The)

      75,000        1,702,500  

Home Depot, Inc. (The)

      123,811        40,642,199  

Lithia Motors, Inc., Class A

      80        25,363  

Lowe’s Cos., Inc.

      1,077,064        218,493,203  

O’Reilly Automotive, Inc.(1)

      191,239        116,858,503  

O’Reilly Automotive, Inc.(1)(3)

      59,492        36,345,002  

Ross Stores, Inc.

      589,113        64,124,950  

Signet Jewelers, Ltd.

      65,986        5,210,254  

TJX Cos., Inc. (The)

      1,697,061        111,972,085  

Tractor Supply Co.

      248,742        50,397,617  

Ulta Beauty, Inc.(1)

      97,158        35,066,265  

Victoria’s Secret & Co.(1)

      88,445        4,887,471  
     

 

 

  
   $ 767,317,480  
     

 

 

  

 

17

 

 

                                                 
Security    Shares      Value  

Technology Hardware, Storage & Peripherals — 5.3%

 

Apple, Inc.

      12,242,117      $ 1,732,259,555  

Dell Technologies, Inc., Class C(1)

      2,415        251,257  

Hewlett Packard Enterprise Co.

      388,878        5,541,511  

Logitech International S.A.

      2,406        212,089  

NetApp, Inc.

      78,200        7,019,232  

Pure Storage, Inc., Class A(1)

      1,300,000        32,708,000  
     

 

 

  
   $ 1,777,991,644  
     

 

 

  

Textiles, Apparel & Luxury Goods — 1.4%

 

Columbia Sportswear Co.(3)

      19,096      $ 1,830,069  

Hanesbrands, Inc.

      221,909        3,807,958  

Kontoor Brands, Inc.

      37,542        1,875,223  

Levi Strauss & Co., Class A

      168,000        4,117,680  

Lululemon Athletica, Inc.(1)

      4,378        1,771,777  

NIKE, Inc., Class B

      2,949,753        428,392,628  

PVH Corp.(1)

      16        1,645  

Skechers USA, Inc., Class A(1)

      100,000        4,212,000  

Skechers USA, Inc., Class A(1)(3)

      45,345        1,909,454  

Skechers USA, Inc., Class A(1)(3)

      50,000        2,104,736  

Tapestry, Inc.

      522        19,324  

Under Armour, Inc., Class C(1)

      500        8,760  

VF Corp.

      312,353        20,924,528  
     

 

 

  
   $ 470,975,782  
     

 

 

  

Thrifts & Mortgage Finance — 0.0%(2)

 

Essent Group, Ltd.

      96,312      $ 4,238,691  
     

 

 

  
   $ 4,238,691  
     

 

 

  

Tobacco — 0.5%

 

Altria Group, Inc.

      928,143      $ 42,249,069  

British American Tobacco PLC ADR

      3        106  

Philip Morris International, Inc.

      1,184,485        112,277,333  
     

 

 

  
   $ 154,526,508  
     

 

 

  

Trading Companies & Distributors — 0.3%

 

Fastenal Co.

      2,049,876      $ 105,794,100  

NOW, Inc.(1)

      944        7,222  

United Rentals, Inc.(1)

      6,468        2,269,815  

W.W. Grainger, Inc.

      9,830        3,863,780  
     

 

 

  
   $ 111,934,917  
     

 

 

  

Water Utilities — 0.0%(2)

 

American Water Works Co., Inc.

      23,388      $ 3,953,508  

Essential Utilities, Inc.

      500        23,040  
     

 

 

  
   $ 3,976,548  
     

 

 

  

 

18

 

 

                                                 
Security    Shares      Value  

Wireless Telecommunication Services — 0.0%(2)

 

America Movil SAB de CV, Series L ADR

      15,204      $ 268,655  

Rogers Communications, Inc., Class B

      750        34,980  

Vodafone Group PLC ADR

      5        77  
     

 

 

  
   $ 303,712  
     

 

 

  

Total Common Stocks
(identified cost $15,429,877,150)

 

    $ 33,515,142,813  
     

 

 

  

Preferred Stocks — 0.0%(2)

 

Security    Shares      Value  

Internet & Direct Marketing Retail — 0.0%(2)

 

Qurate Retail, Inc., Series A, 8.00%

      2,994      $ 323,801  
     

 

 

  
   $ 323,801  
     

 

 

  

Total Preferred Stocks
(identified cost $168,592)

 

    $ 323,801  
     

 

 

  

Warrants — 0.0%(2)

 

Security    Shares      Value  

Oil, Gas & Consumable Fuels — 0.0%(2)

 

Occidental Petroleum Corp., Exp. 8/3/27(1)

      2,853      $ 33,808  
     

 

 

  
   $ 33,808  
     

 

 

  

Total Warrants
(identified cost $14,122)

 

    $ 33,808  
     

 

 

  

Short-Term Investments — 0.6%

 

Description    Units      Value  

Eaton Vance Cash Reserves Fund, LLC, 0.05%(6)

      212,350,709      $ 212,350,709  
     

 

 

  

Total Short-Term Investments
(identified cost $212,349,716)

 

    $ 212,350,709  
     

 

 

  

 

                        

Total Investments — 99.9%
(identified cost $15,642,409,580)

    $ 33,727,851,131  
  

 

 

  

Other Assets, Less Liabilities — 0.1%

    $ 18,690,525  
  

 

 

  

Net Assets — 100.0%

    $ 33,746,541,656  
  

 

 

  

 

19

 

 

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

 

(1)

Non-income producing security.

 

(2)

Amount is less than 0.05%.

 

(3)

Restricted security.

 

(4)

Represents an investment in an issuer that is deemed to be an affiliate effective March 1, 2021.

 

(5)

For fair value measurement disclosure purposes, security is categorized as Level 3.

 

(6)

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of September 30, 2021.

Abbreviations:

 

ADR

   -   American Depositary Receipt

At September 30, 2021, the Portfolio owned the following securities (representing 0.9% of net assets) which were restricted as to public resale and not registered under the Securities Act of 1933. The Portfolio has various registration rights (exercisable under a variety of circumstances) with respect to these securities. The value of these securities is determined based on valuations provided by brokers when available, or if not available, they are valued at fair value using methods determined in good faith by or at the direction of the Trustees.

 

                                                                                                                            
Common Stocks   

Date of

Acquisition

     

Eligible for

Resale

      Shares      Cost      Value  

American Tower Corp.

      9/16/21        9/16/22        33,660      $ 10,000,268      $ 8,928,787  

Arista Networks, Inc.

      12/17/20        12/17/21        105,064        30,000,276        36,104,194  

Arista Networks, Inc.

      3/18/21        3/18/22        72,500        20,964,888        24,913,900  

Broadcom, Inc.

      12/17/20        12/17/21        14,025        5,955,945        6,801,143  

CACI International, Inc., Class A

      6/17/21        6/17/22        6,200        1,636,477        1,624,614  

Caterpillar, Inc.

      3/18/21        3/18/22        6,950        1,622,835        1,334,192  

Church & Dwight Co., Inc.

      12/17/20        12/17/21        17,504        1,516,161        1,445,305  

Cigna Corp.

      12/17/20        12/17/21        7,416        1,500,098        1,484,387  

Columbia Sportswear Co.

      9/16/21        9/16/22        19,096        1,935,474        1,830,069  

Exact Sciences Corp.

      6/17/21        6/17/22        8,313        1,000,068        793,218  

Integra LifeSciences Holdings Corp.

      12/17/20        12/17/21        200,000        12,154,703        13,696,000  

Integra LifeSciences Holdings Corp.

      3/18/21        3/18/22        730,000        49,717,329        49,990,400  

Littelfuse, Inc.

      6/17/21        6/17/22        39,181        10,000,149        10,704,047  

Match Group, Inc.

      12/17/20        12/17/21        260,261        40,028,133        40,858,374  

Norfolk Southern Corp.

      9/16/21        9/16/22        3,953        982,303        945,282  

O’Reilly Automotive, Inc.

      6/17/21        6/17/22        59,492        31,782,975        36,345,002  

Skechers USA, Inc., Class A

      6/17/21        6/17/22        45,345        2,232,125        1,909,454  

Skechers USA, Inc., Class A

      9/16/21        9/16/22        50,000        2,269,138        2,104,736  

Snap, Inc., Class A

      3/18/21        3/18/22        469,399        30,000,055        34,674,504  

Trimble, Inc.

      9/16/21        9/16/22        183,372        16,843,461        15,074,806  

Visa, Inc., Class A

      3/18/21        3/18/22        29,956        6,676,445        6,672,699  

Zoetis, Inc.

      6/17/21        6/17/22        54,359        10,000,029        10,549,035  

Zscaler, Inc.

      6/17/21        6/17/22        10,000        2,121,320        2,621,348  
           

 

 

     

 

 

  

Total Restricted Securities

             $ 290,940,655      $ 311,405,496  
           

 

 

     

 

 

  

 

20

 

 

At September 30, 2021, the value of the Portfolio’s investment in affiliated issuers and funds was $435,664,411, which represents 1.3% of the Portfolio’s net assets. Transactions in affiliated issuers and funds by the Portfolio for the fiscal year to date ended September 30, 2021 were as follows:

 

                                                                                                                                                                                                       

Name

   Value,
beginning of
period		     Purchases     Sales
proceeds		     Net
realized
gain (loss)		     Change in
unrealized
appreciation
(depreciation)		     Value, end of
period		     Dividend
income		     Shares/
Units, end
of period		  

Common Stocks

 

Morgan Stanley(1)

   $ —     $ —     $ (34,141,658 )    $ 19,693,792     $ 32,003,332     $ 223,313,702     $ 2,564,539       2,294,869  

Short-Term Investments

 

Eaton Vance Cash Reserves Fund, LLC

       202,615,051         339,243,059         (329,508,394 )      —       993       212,350,709       118,307       212,350,709  
       

 

 

    

 

 

    

 

 

    

 

 

    
      $     19,693,792     $     32,004,325     $     435,664,411     $     2,682,846    
       

 

 

    

 

 

    

 

 

    

 

 

    

 

(1)

Affiliated issuer as of March 1, 2021.

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

 

•  

Level 1 — quoted prices in active markets for identical investments

 

•  

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

 

•  

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At September 30, 2021, the hierarchy of inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:

 

Asset Description    Level 1      Level 2     Level 3*      Total  

Common Stocks

 

Communication Services

    $     4,288,599,362      $ —     $ —      $     4,288,599,362  

Consumer Discretionary

      4,301,638,679        42,189,261       750,010        4,344,577,950  

Consumer Staples

      2,084,479,096        134,749,772       —        2,219,228,868  

Energy

      574,522,828        —       —        574,522,828  

Financials

      4,709,639,073        13,864,001       —        4,723,503,074  

Health Care

      4,267,019,241        11,342,253       —        4,278,361,494  

Industrials

      2,840,842,645        2,569,896       —        2,843,412,541  

Information Technology

      9,531,084,317        28,400,201       —        9,559,484,518  

Materials

      430,276,109        2,814,959       —        433,091,068  

Real Estate

      39,246,522        8,928,787       —        48,175,309  

Utilities

      202,185,801        —       —        202,185,801  

Total Common Stocks

    $     33,269,533,673      $     244,859,130 **    $     750,010      $     33,515,142,813  

Preferred Stocks

    $ 323,801      $ —     $ —      $ 323,801  

Warrants

      33,808        —       —        33,808  

Short-Term Investments

      —        212,350,709       —        212,350,709  

Total Investments

    $     33,269,891,282      $     457,209,839     $     750,010      $     33,727,851,131  

 

*

None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Portfolio.

 

**

Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

 

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Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended September 30, 2021 is not presented.

For information on the Portfolio’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.

 

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