# EDGAR Filing Document

**Accession Number:** 0000822632
**File Stem:** 0001410368-26-013310
**Filing Date:** 2026-2
**Character Count:** 29510
**Document Hash:** 8ccb5a69cd64a639006798b6526bd3cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-013310.hdr.sgml**: 20260218

**ACCESSION NUMBER**: 0001410368-26-013310

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260218

**DATE AS OF CHANGE**: 20260218

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WILLIAM BLAIR FUNDS
- **CENTRAL INDEX KEY:** 0000822632

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05344
- **FILM NUMBER:** 26646310

**BUSINESS ADDRESS:**
- **STREET 1:** 150 NORTH RIVERSIDE PLAZA
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3123648000

**MAIL ADDRESS:**
- **STREET 1:** 150 NORTH RIVERSIDE PLAZA
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WILLIAM BLAIR MUTUAL FUNDS INC
- **DATE OF NAME CHANGE:** 19960112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLAIR WILLIAM READY RESERVES INC
- **DATE OF NAME CHANGE:** 19920316

## Series and Classes Contracts Data

### William Blair Small-Mid Cap Growth Fund (Series ID: S000008603)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000023542 | Class N      | WSMNX           |
| C000023543 | Class I      | WSMDX           |
| C000211721 | Class R6     | WSMRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** WILLIAM BLAIR FUNDS

- **b. Investment Company Act file number:** 811-05344

- **c. CIK number of Registrant:** 0000822632

- **d. LEI of Registrant:** SNQR0U5FDV8EZZX4W051

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 150 NORTH RIVERSIDE PLAZA

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-364-8000

**Item A.2. Information about the Series.**

- **a. Name of Series:** William Blair Small-Mid Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000008603

- **c. LEI of Series:** 549300OZL0V7MPFUUE44

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1254846935.74

**Total Liabilities:** $1375771.28

**Net Assets:** $1253471164.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023542 | 0.48%                | 2.55%                | -1.27%               |
| Class ID C000023543 | 0.54%                | 2.55%                | -1.25%               |
| Class ID C000211721 | 0.50%                | 2.57%                | -1.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5974813.02              | $2320659.36                                |
| Month 2  | $16285183.92             | $17181930.64                               |
| Month 3  | $16985288.78             | $-32838102.07                              |

### Schedule of Portfolio Investments

| Name                                 | Title                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACV Auctions Inc                     | ACV Auctions Inc                     | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    786082 | NS      | $6304377.64   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA ABIOMED INC                   | CONTRA ABIOMED INC                   | CUSIP: 003CVR016<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80133 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Advanced Drainage Systems Inc        | Advanced Drainage Systems Inc        | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |    106400 | NS      | $15409912.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Amicus Therapeutics Inc              | Amicus Therapeutics Inc              | CUSIP: 03152W109<br>LEI: 549300MRD1SMUTNBPQ53 | Long             | EC               | CORP              | US        |   1405500 | NS      | $20014320.00  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                         | Appfolio Inc                         | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     73246 | NS      | $17040681.90  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group Inc/The      | Baldwin Insurance Group Inc/The      | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    667210 | NS      | $16033056.30  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                 | BWX Technologies Inc                 | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    124749 | NS      | $21561617.16  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc                  | BellRing Brands Inc                  | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |    344700 | NS      | $9213831.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Inc                  | Bentley Systems Inc                  | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |    329100 | NS      | $12560101.50  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                      | Bio-Techne Corp                      | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |    264200 | NS      | $15537602.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc | Bright Horizons Family Solutions Inc | CUSIP: 109194100<br>LEI: 2549009BKSVTM7UEYT38 | Long             | EC               | CORP              | US        |    140678 | NS      | $14264749.20  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                       | Brink's Co/The                       | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |    134338 | NS      | $15681274.74  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                          | Cameco Corp                          | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    238388 | NS      | $21810118.12  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                | Carlyle Group Inc/The                | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |    350993 | NS      | $20747196.23  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp            | Carpenter Technology Corp            | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     48100 | NS      | $15143804.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc            | Casella Waste Systems Inc            | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |    133361 | NS      | $13061376.34  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                       | Cava Group Inc                       | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    163200 | NS      | $9578208.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                          | Chemed Corp                          | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     39866 | NS      | $17057066.76  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                  | Churchill Downs Inc                  | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |    182300 | NS      | $20742094.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                           | Ciena Corp                           | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |    133900 | NS      | $31315193.00  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                    | Clean Harbors Inc                    | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     52500 | NS      | $12310200.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc    | Clearwater Analytics Holdings Inc    | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    588669 | NS      | $14198696.28  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                        | Coherent Corp                        | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    105300 | NS      | $19435221.00  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                  | Curtiss-Wright Corp                  | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     32200 | NS      | $17750894.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                     | Donaldson Co Inc                     | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |    202600 | NS      | $17962516.00  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                         | Doximity Inc                         | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    549752 | NS      | $24343018.56  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                        | Dynatrace Inc                        | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |    358286 | NS      | $15528115.24  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                  | Eagle Materials Inc                  | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     67687 | NS      | $13989549.16  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                | Encompass Health Corp                | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    108217 | NS      | $11486152.38  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                         | Evercore Inc                         | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     48100 | NS      | $16366025.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc              | ExlService Holdings Inc              | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |    327500 | NS      | $13899100.00  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                               | F5 Inc                               | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     63644 | NS      | $16245767.44  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                   | First Horizon Corp                   | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    825300 | NS      | $19724670.00  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp                    | FirstService Corp                    | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     52835 | NS      | $8217427.55   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                         | Freshpet Inc                         | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |    185879 | NS      | $11325607.47  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                         | Glaukos Corp                         | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |    126200 | NS      | $14249242.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                   | Globus Medical Inc                   | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |    309495 | NS      | $27022008.45  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc               | Guidewire Software Inc               | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     55455 | NS      | $11147009.55  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc            | Halozyme Therapeutics Inc            | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    174200 | NS      | $11723660.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                     | HealthEquity Inc                     | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |    173300 | NS      | $15876013.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                           | Insmed Inc                           | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    188851 | NS      | $32867628.04  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc          | Inspire Medical Systems Inc          | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |    120900 | NS      | $11150607.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                         | Insulet Corp                         | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     22465 | NS      | $6385451.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                  | Krystal Biotech Inc                  | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |     34907 | NS      | $8605971.78   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Marzetti Company/The                 | Marzetti Company/The                 | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |     67816 | NS      | $11150306.72  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Landbridge Co LLC                    | Landbridge Co LLC                    | CUSIP: 514952100<br>LEI: 529900P7NBGGY6C0SF08 | Long             | EC               | CORP              | US        |    106797 | NS      | $5231985.03   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp           | Lattice Semiconductor Corp           | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    283785 | NS      | $20880900.30  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc        | Lincoln Electric Holdings Inc        | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     71000 | NS      | $17014440.00  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp               | Louisiana-Pacific Corp               | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     96400 | NS      | $7785264.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc         | Madrigal Pharmaceuticals Inc         | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |     42700 | NS      | $24865918.00  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc             | Manhattan Associates Inc             | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |    102100 | NS      | $17694951.00  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                        | Maplebear Inc                        | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    255226 | NS      | $11480065.48  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc               | Mueller Industries Inc               | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    225700 | NS      | $25910360.00  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc         | National Vision Holdings Inc         | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |    404400 | NS      | $10441608.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                        | Nextpower Inc                        | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    157300 | NS      | $13702403.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                          | Novanta Inc                          | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     82354 | NS      | $9799302.46   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                  | Onto Innovation Inc                  | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |    178466 | NS      | $28172642.76  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                         | Parsons Corp                         | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |    241400 | NS      | $14918520.00  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                         | Penumbra Inc                         | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |     53600 | NS      | $16664776.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                   | Planet Fitness Inc                   | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |    182800 | NS      | $19828316.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                            | Pool Corp                            | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |     60200 | NS      | $13770750.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp                    | Primo Brands Corp                    | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |   1270043 | NS      | $20765203.05  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                     | Pure Storage Inc                     | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    460900 | NS      | $30884909.00  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                      | Q2 Holdings Inc                      | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |    273700 | NS      | $19750192.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                   | Regal Rexnord Corp                   | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     81500 | NS      | $11436080.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                         | Reliance Inc                         | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     42700 | NS      | $12334749.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                 | GeneDx Holdings Corp                 | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81018 | NS      | $10537201.08  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp           | FIXED INC CLEARING CORP.REPO         | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  11637916 | PA      | $11637916.23  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| TPG Inc                              | TPG Inc                              | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |    221924 | NS      | $14167628.16  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp                    | Talen Energy Corp                    | CUSIP: 87422Q109<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | EC               | CORP              | US        |     73500 | NS      | $27550740.00  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                         | Teradyne Inc                         | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |    105900 | NS      | $20498004.00  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                           | TransUnion                           | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |    125700 | NS      | $10778775.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corp                | Twist Bioscience Corp                | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |    566173 | NS      | $17959007.56  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                 | Waystar Holding Corp                 | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    518085 | NS      | $16967283.75  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp             | Western Alliance Bancorp             | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |    132472 | NS      | $11136921.04  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp               | WillScot Holdings Corp               | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    409500 | NS      | $7710885.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                    | Everest Group Ltd                    | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |     65432 | NS      | $22204349.20  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                   | nVent Electric PLC                   | CUSIP: 000000000<br>LEI: 254900LK60A9DK5W5N81 | Long             | EC               | CORP              | IE        |    175900 | NS      | $17936523.00  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                       | SharkNinja Inc                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    142000 | NS      | $15889800.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-15

**Name of Applicant:** WILLIAM BLAIR FUNDS

**Signature:** John Raczek

**Name of Signer:** John Raczek

**Title:** Principal Financial Officer