# EDGAR Filing Document

**Accession Number:** 0001911412
**File Stem:** 0001172661-25-004528
**Filing Date:** 2025-11
**Character Count:** 20030
**Document Hash:** 37febe3ea10e84c2b2ecdc50a47e10da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004528.hdr.sgml**: 20251103

**ACCESSION NUMBER**: 0001172661-25-004528

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251103

**DATE AS OF CHANGE**: 20251103

**EFFECTIVENESS DATE**: 20251103

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EFG Asset Management (North America) Corp.
- **CENTRAL INDEX KEY:** 0001911412

**ORGANIZATION NAME:**
- **EIN:** 861920338
- **STATE OF INCORPORATION:** OR
- **FISCAL YEAR END:** 1221

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22292
- **FILM NUMBER:** 251442246

**BUSINESS ADDRESS:**
- **STREET 1:** 1211 SW FIFTH AVENUE
- **STREET 2:** SUITE 2840
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204
- **BUSINESS PHONE:** 503 889-5220

**MAIL ADDRESS:**
- **STREET 1:** 1211 SW FIFTH AVENUE
- **STREET 2:** SUITE 2840
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 97204

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** EFG Asset Management (North America) Corp.<br>**Address:** 1211 Sw Fifth Avenue<br>Suite 2840<br>Portland, OR 97204

**Form 13F File Number:** 028-22292

**CRD Number (if applicable):** 000313103

**SEC File Number (if applicable):** 801-120586

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Michael Clulow<br>**Title:** Chief Executive Officer<br>**Phone:** 503-889-5210

**Signature, Place, and Date of Signing:**

/s/ Michael Clulow  Portland, OR  11-03-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 168

**Form 13F Information Table Value Total:** $773396011

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABERCROMBIE  FITCH CO | CL A | 002896207 |  | 4392906 | 51370 | SH |  | SOLE |  | 51370 | 0 | 0 |
| AGILYSYS INC | COM | 00847J105 |  | 3014673 | 28609 | SH |  | SOLE |  | 28609 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 2434973 | 19451 | SH |  | SOLE |  | 19451 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 7443860 | 16335 | SH |  | SOLE |  | 16335 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 19449003 | 80014 | SH |  | SOLE |  | 80014 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 19610418 | 89323 | SH |  | SOLE |  | 89323 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 3041245 | 9155 | SH |  | SOLE |  | 9155 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 1196092 | 9665 | SH |  | SOLE |  | 9665 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 5086648 | 20709 | SH |  | SOLE |  | 20709 | 0 | 0 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 3516679 | 155399 | SH |  | SOLE |  | 155399 | 0 | 0 |
| APPFOLIO INC | COM CL A | 03783C100 |  | 3228406 | 11702 | SH |  | SOLE |  | 11702 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 5157763 | 25193 | SH |  | SOLE |  | 25193 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 9823332 | 13672 | SH |  | SOLE |  | 13672 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 2225986 | 84590 | SH |  | SOLE |  | 84590 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 |  | 6805934 | 42581 | SH |  | SOLE |  | 42581 | 0 | 0 |
| ARGENX SE | SPONSORED ADR | 04016X101 |  | 7190195 | 9744 | SH |  | SOLE |  | 9744 | 0 | 0 |
| ARHAUS INC | COM CL A | 04035M102 |  | 3523140 | 331902 | SH |  | SOLE |  | 331902 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 9030250 | 61972 | SH |  | SOLE |  | 61972 | 0 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 4220350 | 21561 | SH |  | SOLE |  | 21561 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 1436906 | 8995 | SH |  | SOLE |  | 8995 | 0 | 0 |
| AVEPOINT INC | COM CL A | 053604104 |  | 3100706 | 206576 | SH |  | SOLE |  | 206576 | 0 | 0 |
| AVIDITY BIOSCIENCES INC | COM | 05370A108 |  | 6499913 | 149149 | SH |  | SOLE |  | 149149 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 8252400 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| BEONE MEDICINES LTD | SPONSORED ADS | 07725L102 |  | 1375693 | 4035 | SH |  | SOLE |  | 4035 | 0 | 0 |
| BIRKENSTOCK HOLDING PLC | COM SHS | M2029K104 |  | 2396994 | 52943 | SH |  | SOLE |  | 52943 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 7530473 | 44092 | SH |  | SOLE |  | 44092 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 727866 | 8596 | SH |  | SOLE |  | 8596 | 0 | 0 |
| BLUE BIRD CORP | COM | 095306106 |  | 4830402 | 83934 | SH |  | SOLE |  | 83934 | 0 | 0 |
| BOX INC | CL A | 10316T104 |  | 5373000 | 166553 | SH |  | SOLE |  | 166553 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 5178273 | 99726 | SH |  | SOLE |  | 99726 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 18095474 | 54883 | SH |  | SOLE |  | 54883 | 0 | 0 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 5681628 | 16172 | SH |  | SOLE |  | 16172 | 0 | 0 |
| CAMTEK LTD | ORD | M20791105 |  | 4732424 | 45075 | SH |  | SOLE |  | 45075 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 4337301 | 75451 | SH |  | SOLE |  | 75451 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1185868 | 11684 | SH |  | SOLE |  | 11684 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 4550078 | 21211 | SH |  | SOLE |  | 21211 | 0 | 0 |
| COHEN  STEERS INC | COM | 19247A100 |  | 1942206 | 29582 | SH |  | SOLE |  | 29582 | 0 | 0 |
| COMMVAULT SYS INC | COM | 204166102 |  | 5720685 | 30285 | SH |  | SOLE |  | 30285 | 0 | 0 |
| CONSTRUCTION PARTNERS INC | COM CL A | 21044C107 |  | 5924945 | 46677 | SH |  | SOLE |  | 46677 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 6203137 | 6702 | SH |  | SOLE |  | 6702 | 0 | 0 |
| CRANE COMPANY | COMMON STOCK | 224408104 |  | 1651228 | 8967 | SH |  | SOLE |  | 8967 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 3200365 | 21976 | SH |  | SOLE |  | 21976 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 5411600 | 11038 | SH |  | SOLE |  | 11038 | 0 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 2522422 | 19889 | SH |  | SOLE |  | 19889 | 0 | 0 |
| CUSTOM TRUCK ONE SOURCE INC | COM CL A | 23204X103 |  | 1762008 | 274670 | SH |  | SOLE |  | 274670 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 4014455 | 73010 | SH |  | SOLE |  | 73010 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 3317480 | 23301 | SH |  | SOLE |  | 23301 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 2653981 | 26185 | SH |  | SOLE |  | 26185 | 0 | 0 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 3047392 | 13706 | SH |  | SOLE |  | 13706 | 0 | 0 |
| DOORDASH INC | CL A | 25809K105 |  | 3704435 | 13622 | SH |  | SOLE |  | 13622 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 4717796 | 64486 | SH |  | SOLE |  | 64486 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 1890610 | 5869 | SH |  | SOLE |  | 5869 | 0 | 0 |
| DUTCH BROS INC | CL A | 26701L100 |  | 2439648 | 46616 | SH |  | SOLE |  | 46616 | 0 | 0 |
| DYCOM INDS INC | COM | 267475101 |  | 5923628 | 20293 | SH |  | SOLE |  | 20293 | 0 | 0 |
| E L F BEAUTY INC | COM | 26856L103 |  | 4039368 | 30472 | SH |  | SOLE |  | 30472 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 5192193 | 13871 | SH |  | SOLE |  | 13871 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 13761631 | 18051 | SH |  | SOLE |  | 18051 | 0 | 0 |
| EQUITABLE HLDGS INC | COM | 29452E101 |  | 2208219 | 43486 | SH |  | SOLE |  | 43486 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 |  | 3525063 | 10442 | SH |  | SOLE |  | 10442 | 0 | 0 |
| EVERUS CONSTR GROUP | COM | 300426103 |  | 4805565 | 56071 | SH |  | SOLE |  | 56071 | 0 | 0 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 4305489 | 78675 | SH |  | SOLE |  | 78675 | 0 | 0 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 3497700 | 79430 | SH |  | SOLE |  | 79430 | 0 | 0 |
| FABRINET | SHS | G3323L100 |  | 5794312 | 15872 | SH |  | SOLE |  | 15872 | 0 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 3439510 | 13965 | SH |  | SOLE |  | 13965 | 0 | 0 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 3933049 | 36505 | SH |  | SOLE |  | 36505 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 1199358 | 26611 | SH |  | SOLE |  | 26611 | 0 | 0 |
| GLAUKOS CORP | COM | 377322102 |  | 4609793 | 56548 | SH |  | SOLE |  | 56548 | 0 | 0 |
| GRANITE CONSTR INC | COM | 387328107 |  | 4900347 | 44701 | SH |  | SOLE |  | 44701 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 5824645 | 79436 | SH |  | SOLE |  | 79436 | 0 | 0 |
| HAWKINS INC | COM | 420261109 |  | 3843379 | 21017 | SH |  | SOLE |  | 21017 | 0 | 0 |
| HEALTHEQUITY INC | COM | 42226A107 |  | 4277453 | 45147 | SH |  | SOLE |  | 45147 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 |  | 6977956 | 26904 | SH |  | SOLE |  | 26904 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 5550224 | 13698 | SH |  | SOLE |  | 13698 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 1984253 | 11336 | SH |  | SOLE |  | 11336 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 6482674 | 10149 | SH |  | SOLE |  | 10149 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 2156187 | 14973 | SH |  | SOLE |  | 14973 | 0 | 0 |
| INSPIRE MED SYS INC | COM | 457730109 |  | 2049199 | 27634 | SH |  | SOLE |  | 27634 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 2658165 | 8610 | SH |  | SOLE |  | 8610 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 6552895 | 14653 | SH |  | SOLE |  | 14653 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 1583363 | 8337 | SH |  | SOLE |  | 8337 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 |  | 5322763 | 30967 | SH |  | SOLE |  | 30967 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 2633087 | 31568 | SH |  | SOLE |  | 31568 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 6890772 | 75412 | SH |  | SOLE |  | 75412 | 0 | 0 |
| KRYSTAL BIOTECH INC | COM | 501147102 |  | 4784435 | 27095 | SH |  | SOLE |  | 27095 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 8201564 | 61272 | SH |  | SOLE |  | 61272 | 0 | 0 |
| LIFE TIME GROUP HOLDINGS INC | COMMON STOCK | 53190C102 |  | 3540231 | 128246 | SH |  | SOLE |  | 128246 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 1191150 | 7290 | SH |  | SOLE |  | 7290 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 2209229 | 6642 | SH |  | SOLE |  | 6642 | 0 | 0 |
| MACOM TECH SOLUTIONS HLDGS I | COM | 55405Y100 |  | 1917483 | 15399 | SH |  | SOLE |  | 15399 | 0 | 0 |
| MADRIGAL PHARMACEUTICALS INC | COM | 558868105 |  | 3806573 | 8294 | SH |  | SOLE |  | 8294 | 0 | 0 |
| MAGNITE INC | COM | 55955D100 |  | 3277377 | 150511 | SH |  | SOLE |  | 150511 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 9383654 | 111657 | SH |  | SOLE |  | 111657 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 17819999 | 24269 | SH |  | SOLE |  | 24269 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 5500887 | 38676 | SH |  | SOLE |  | 38676 | 0 | 0 |
| MOELIS  CO | CL A | 60786M105 |  | 5192303 | 72808 | SH |  | SOLE |  | 72808 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 5134161 | 31911 | SH |  | SOLE |  | 31911 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 10621860 | 8862 | SH |  | SOLE |  | 8862 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 1305166 | 9305 | SH |  | SOLE |  | 9305 | 0 | 0 |
| NORTHERN OIL  GAS INC | COM | 665531307 |  | 2896846 | 116879 | SH |  | SOLE |  | 116879 | 0 | 0 |
| NOVA LTD | COM | M7516K103 |  | 4571054 | 14319 | SH |  | SOLE |  | 14319 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 25936537 | 139014 | SH |  | SOLE |  | 139014 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 3145842 | 13813 | SH |  | SOLE |  | 13813 | 0 | 0 |
| OCEANEERING INTL INC | COM | 675232102 |  | 4496464 | 181492 | SH |  | SOLE |  | 181492 | 0 | 0 |
| ONESTREAM INC | CL A | 68278B107 |  | 1943285 | 105470 | SH |  | SOLE |  | 105470 | 0 | 0 |
| ONTO INNOVATION INC | COM | 683344105 |  | 1549108 | 11990 | SH |  | SOLE |  | 11990 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 4158623 | 14797 | SH |  | SOLE |  | 14797 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 5995724 | 32874 | SH |  | SOLE |  | 32874 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 5669639 | 27849 | SH |  | SOLE |  | 27849 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 3620946 | 402551 | SH |  | SOLE |  | 402551 | 0 | 0 |
| PENUMBRA INC | COM | 70975L107 |  | 5116350 | 20192 | SH |  | SOLE |  | 20192 | 0 | 0 |
| PIPER SANDLER COMPANIES | COM | 724078100 |  | 4329807 | 12464 | SH |  | SOLE |  | 12464 | 0 | 0 |
| PJT PARTNERS INC | COM CL A | 69343T107 |  | 1256184 | 7059 | SH |  | SOLE |  | 7059 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 2738274 | 13628 | SH |  | SOLE |  | 13628 | 0 | 0 |
| PROTAGONIST THERAPEUTICS INC | COM | 74366E102 |  | 5492601 | 82639 | SH |  | SOLE |  | 82639 | 0 | 0 |
| PURE STORAGE INC | CL A | 74624M102 |  | 3909911 | 46666 | SH |  | SOLE |  | 46666 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 4302614 | 10380 | SH |  | SOLE |  | 10380 | 0 | 0 |
| RADNET INC | COM | 750491102 |  | 1300340 | 17057 | SH |  | SOLE |  | 17057 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 2838457 | 9045 | SH |  | SOLE |  | 9045 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 4122036 | 17918 | SH |  | SOLE |  | 17918 | 0 | 0 |
| REPLIGEN CORP | COM | 759916109 |  | 4881534 | 36507 | SH |  | SOLE |  | 36507 | 0 | 0 |
| RHYTHM PHARMACEUTICALS INC | COM | 76243J105 |  | 2046966 | 20269 | SH |  | SOLE |  | 20269 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 3015624 | 8630 | SH |  | SOLE |  | 8630 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 1765144 | 5458 | SH |  | SOLE |  | 5458 | 0 | 0 |
| RXO INC | COMMON STOCK | 74982T103 |  | 3155294 | 205089 | SH |  | SOLE |  | 205089 | 0 | 0 |
| SCHOLAR ROCK HLDG CORP | COM | 80706P103 |  | 3278865 | 88106 | SH |  | SOLE |  | 88106 | 0 | 0 |
| SEMTECH CORP | COM | 816850101 |  | 7829705 | 109606 | SH |  | SOLE |  | 109606 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 6195863 | 6735 | SH |  | SOLE |  | 6735 | 0 | 0 |
| SHAKE SHACK INC | CL A | 819047101 |  | 3952001 | 42229 | SH |  | SOLE |  | 42229 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 4928274 | 33158 | SH |  | SOLE |  | 33158 | 0 | 0 |
| SILICON LABORATORIES INC | COM | 826919102 |  | 3154595 | 24046 | SH |  | SOLE |  | 24046 | 0 | 0 |
| SITEONE LANDSCAPE SUPPLY INC | COM | 82982L103 |  | 4086061 | 31713 | SH |  | SOLE |  | 31713 | 0 | 0 |
| SLM CORP | COM | 78442P106 |  | 2345383 | 84778 | SH |  | SOLE |  | 84778 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 6235846 | 27643 | SH |  | SOLE |  | 27643 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 2750428 | 3937 | SH |  | SOLE |  | 3937 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 840389 | 7727 | SH |  | SOLE |  | 7727 | 0 | 0 |
| SPS COMM INC | COM | 78463M107 |  | 3280471 | 31490 | SH |  | SOLE |  | 31490 | 0 | 0 |
| SPX TECHNOLOGIES INC | COM | 78473E103 |  | 5741639 | 30764 | SH |  | SOLE |  | 30764 | 0 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 6741044 | 19852 | SH |  | SOLE |  | 19852 | 0 | 0 |
| STIFEL FINL CORP | COM | 860630102 |  | 2524027 | 22244 | SH |  | SOLE |  | 22244 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 1466751 | 3968 | SH |  | SOLE |  | 3968 | 0 | 0 |
| TEMPUS AI INC | CL A | 88023B103 |  | 2255984 | 27950 | SH |  | SOLE |  | 27950 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 2206333 | 45041 | SH |  | SOLE |  | 45041 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 7111614 | 49200 | SH |  | SOLE |  | 49200 | 0 | 0 |
| TRADEWEB MKTS INC | CL A | 892672106 |  | 2519896 | 22712 | SH |  | SOLE |  | 22712 | 0 | 0 |
| TRI POINTE HOMES INC | COM | 87265H109 |  | 3698451 | 108858 | SH |  | SOLE |  | 108858 | 0 | 0 |
| UFP TECHNOLOGIES INC | COM | 902673102 |  | 3298466 | 16520 | SH |  | SOLE |  | 16520 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 3236894 | 5919 | SH |  | SOLE |  | 5919 | 0 | 0 |
| ULTRAGENYX PHARMACEUTICAL IN | COM | 90400D108 |  | 3848509 | 127985 | SH |  | SOLE |  | 127985 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 4930690 | 5161 | SH |  | SOLE |  | 5161 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 4696583 | 12106 | SH |  | SOLE |  | 12106 | 0 | 0 |
| VARONIS SYS INC | COM | 922280102 |  | 5269192 | 91670 | SH |  | SOLE |  | 91670 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 6511032 | 21848 | SH |  | SOLE |  | 21848 | 0 | 0 |
| VERACYTE INC | COM | 92337F107 |  | 7555179 | 219979 | SH |  | SOLE |  | 219979 | 0 | 0 |
| VERICEL CORP | COM | 92346J108 |  | 4366555 | 138775 | SH |  | SOLE |  | 138775 | 0 | 0 |
| VERTEX INC | CL A | 92538J106 |  | 3706233 | 149475 | SH |  | SOLE |  | 149475 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 926502 | 2366 | SH |  | SOLE |  | 2366 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 10349762 | 68621 | SH |  | SOLE |  | 68621 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 5020042 | 14717 | SH |  | SOLE |  | 14717 | 0 | 0 |
| VULCAN MATLS CO | COM | 929160109 |  | 1231865 | 4006 | SH |  | SOLE |  | 4006 | 0 | 0 |
| WATERS CORP | COM | 941848103 |  | 592293 | 1975 | SH |  | SOLE |  | 1975 | 0 | 0 |
| WILLDAN GROUP INC | COM | 96924N100 |  | 2396219 | 24812 | SH |  | SOLE |  | 24812 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 2851545 | 14593 | SH |  | SOLE |  | 14593 | 0 | 0 |
| WINGSTOP INC | COM | 974155103 |  | 3849352 | 15284 | SH |  | SOLE |  | 15284 | 0 | 0 |
| WINTRUST FINL CORP | COM | 97650W108 |  | 3748823 | 28324 | SH |  | SOLE |  | 28324 | 0 | 0 |
| WORKIVA INC | COM CL A | 98139A105 |  | 4480281 | 52063 | SH |  | SOLE |  | 52063 | 0 | 0 |
| ZILLOW GROUP INC | CL A | 98954M101 |  | 3077275 | 41339 | SH |  | SOLE |  | 41339 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 987221 | 6750 | SH |  | SOLE |  | 6750 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 3456717 | 11527 | SH |  | SOLE |  | 11527 | 0 | 0 |

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