# EDGAR Filing Document

**Accession Number:** 0001512814
**File Stem:** 0001104659-25-073085
**Filing Date:** 2025-8
**Character Count:** 28890
**Document Hash:** bed0f5a690ba197e7fada26b308b986a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-073085.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0001104659-25-073085

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**EFFECTIVENESS DATE**: 20250801

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Motley Fool Asset Management LLC
- **CENTRAL INDEX KEY:** 0001512814

**ORGANIZATION NAME:**
- **EIN:** 263366337
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14177
- **FILM NUMBER:** 251175853

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 DUKE ST
- **STREET 2:** SUITE 275
- **CITY:** ALEXANDRIA
- **STATE:** VA
- **ZIP:** 22314
- **BUSINESS PHONE:** 7032541815

**MAIL ADDRESS:**
- **STREET 1:** 2000 DUKE ST
- **STREET 2:** SUITE 275
- **CITY:** ALEXANDRIA
- **STATE:** VA
- **ZIP:** 22314

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Motley Fool Asset Management LLC<br>**Address:** 2000 Duke St<br>Suite 275<br>Alexandria, VA 22314

**Form 13F File Number:** 028-14177

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:** Kyle Wirth<br>**Title:** Chief Compliance Officer<br>**Phone:** 703-254-1834

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

/s/ Kyle Wirth  Alexandria, VA  07-15-2025<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:** 230

**Form 13F Information Table Value Total:** $2167596291

      (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 |
| APPLE INC COM | Ordinary Shares | 037833100 |  | 119752395 | 583674 | SH |  | SOLE |  | 119752395 | 0 | 0 |
| AIRBNB INC | Ordinary Shares | 009066101 |  | 4225484 | 31929 | SH |  | SOLE |  | 4225484 | 0 | 0 |
| ADOBE INC | Ordinary Shares | 00724F101 |  | 11351446 | 29341 | SH |  | SOLE |  | 11351446 | 0 | 0 |
| AUTODESK INC | Ordinary Shares | 052769106 |  | 4256588 | 13750 | SH |  | SOLE |  | 4256588 | 0 | 0 |
| ALIGN TECHNOLOGY INC | Ordinary Shares | 016255101 |  | 224356 | 1185 | SH |  | SOLE |  | 224356 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | Ordinary Shares | 02043Q107 |  | 2169151 | 6652 | SH |  | SOLE |  | 2169151 | 0 | 0 |
| ALARM COM HOLDINGS INC | Ordinary Shares | 011642105 |  | 8340228 | 147432 | SH |  | SOLE |  | 8340228 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | Ordinary Shares | 007903107 |  | 11286300 | 79537 | SH |  | SOLE |  | 11286300 | 0 | 0 |
| AMGEN INC | Ordinary Shares | 031162100 |  | 7793589 | 27913 | SH |  | SOLE |  | 7793589 | 0 | 0 |
| AMERICAN TOWER CORP | Ordinary Shares | 03027X100 |  | 17367089 | 78577 | SH |  | SOLE |  | 17367089 | 0 | 0 |
| AMAZON COM INC | Ordinary Shares | 023135106 |  | 119816338 | 546134 | SH |  | SOLE |  | 119816338 | 0 | 0 |
| ARISTA NETWORKS INC | Ordinary Shares | 040413205 |  | 7589663 | 74183 | SH |  | SOLE |  | 7589663 | 0 | 0 |
| AON PLC SHS CL A | Ordinary Shares | G0403H108 |  | 10723849 | 30059 | SH |  | SOLE |  | 10723849 | 0 | 0 |
| APPFOLIO INC A | Ordinary Shares | 03783C100 |  | 241333 | 1048 | SH |  | SOLE |  | 241333 | 0 | 0 |
| ALPHATEC HOLDINGS INC | Ordinary Shares | 02081G201 |  | 6713391 | 604810 | SH |  | SOLE |  | 6713391 | 0 | 0 |
| BROADCOM INC | Ordinary Shares | 11135F101 |  | 67311800 | 244193 | SH |  | SOLE |  | 67311800 | 0 | 0 |
| AXON ENTERPRISE INC | Ordinary Shares | 05464C101 |  | 34315629 | 41447 | SH |  | SOLE |  | 34315629 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD CL A | Ordinary Shares | 113004105 |  | 11040079 | 199712 | SH |  | SOLE |  | 11040079 | 0 | 0 |
| BIOGEN INC | Ordinary Shares | 09062X103 |  | 941548 | 7497 | SH |  | SOLE |  | 941548 | 0 | 0 |
| BOOKING HOLDINGS INC | Ordinary Shares | 09857L108 |  | 9592771 | 1657 | SH |  | SOLE |  | 9592771 | 0 | 0 |
| TOPBUILD CORP | Ordinary Shares | 89055F103 |  | 258992 | 800 | SH |  | SOLE |  | 258992 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | Ordinary Shares | 09061G101 |  | 3574974 | 65035 | SH |  | SOLE |  | 3574974 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | Ordinary Shares | 110122108 |  | 4609373 | 99576 | SH |  | SOLE |  | 4609373 | 0 | 0 |
| BROADRIDGE FINANCIAL SOLUTIONS INC | Ordinary Shares | 11133T103 |  | 9380715 | 38599 | SH |  | SOLE |  | 9380715 | 0 | 0 |
| BELLRING BRANDS INC | Ordinary Shares | 07831C103 |  | 4650331 | 80275 | SH |  | SOLE |  | 4650331 | 0 | 0 |
| BERKSHIRE HATHAWAY INC CL B | Ordinary Shares | 084670702 |  | 54473276 | 112138 | SH |  | SOLE |  | 54473276 | 0 | 0 |
| BROWN BROWN INC | Ordinary Shares | 115236101 |  | 9519742 | 85864 | SH |  | SOLE |  | 9519742 | 0 | 0 |
| MAPLEBEAR INC COM | Ordinary Shares | 565394103 |  | 379835 | 8396 | SH |  | SOLE |  | 379835 | 0 | 0 |
| CASEYS GEN STORES INC | Ordinary Shares | 147528103 |  | 563848 | 1105 | SH |  | SOLE |  | 563848 | 0 | 0 |
| CBOE GLOBAL MKTS INC | Ordinary Shares | 12503M108 |  | 625936 | 2684 | SH |  | SOLE |  | 625936 | 0 | 0 |
| CONSTELLATION ENERGY CORP COM | Ordinary Shares | 21037T109 |  | 5198050 | 16105 | SH |  | SOLE |  | 5198050 | 0 | 0 |
| CHEWY INC CLASS A | Ordinary Shares | 16679L109 |  | 280695 | 6586 | SH |  | SOLE |  | 280695 | 0 | 0 |
| CME GROUP INC | Ordinary Shares | 12572Q105 |  | 5110546 | 18542 | SH |  | SOLE |  | 5110546 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | Ordinary Shares | 169656105 |  | 4934350 | 87878 | SH |  | SOLE |  | 4934350 | 0 | 0 |
| CUMMINS INC COM | Ordinary Shares | 231021106 |  | 2298395 | 7018 | SH |  | SOLE |  | 2298395 | 0 | 0 |
| CANADIAN NATL RAILWAY CO | Ordinary Shares | 136375102 |  | 5790138 | 55653 | SH |  | SOLE |  | 5790138 | 0 | 0 |
| COHERENT CORP | Ordinary Shares | 19247G107 |  | 222757 | 2497 | SH |  | SOLE |  | 222757 | 0 | 0 |
| COOPER COS INC COM | Ordinary Shares | 216648501 |  | 2793030 | 39250 | SH |  | SOLE |  | 2793030 | 0 | 0 |
| COSTCO WHSL CORP | Ordinary Shares | 22160K105 |  | 42748579 | 43183 | SH |  | SOLE |  | 42748579 | 0 | 0 |
| COUPANG INC CL A | Ordinary Shares | 22266T109 |  | 2782865 | 92886 | SH |  | SOLE |  | 2782865 | 0 | 0 |
| COPART INC | Ordinary Shares | 217204106 |  | 2436669 | 49657 | SH |  | SOLE |  | 2436669 | 0 | 0 |
| SALESFORCE INC | Ordinary Shares | 79466L302 |  | 22887417 | 83932 | SH |  | SOLE |  | 22887417 | 0 | 0 |
| CROCS INC | Ordinary Shares | 227046109 |  | 8897245 | 87848 | SH |  | SOLE |  | 8897245 | 0 | 0 |
| CROWDSTRIKE HOLDINGS INC A | Ordinary Shares | 22788C105 |  | 6461616 | 12687 | SH |  | SOLE |  | 6461616 | 0 | 0 |
| COSTAR GROUP INC | Ordinary Shares | 22160N109 |  | 4598558 | 57196 | SH |  | SOLE |  | 4598558 | 0 | 0 |
| CARLISLE COS INC | Ordinary Shares | 142339100 |  | 4305675 | 11531 | SH |  | SOLE |  | 4305675 | 0 | 0 |
| CINTAS CORP | Ordinary Shares | 172908105 |  | 5902712 | 26485 | SH |  | SOLE |  | 5902712 | 0 | 0 |
| COGNIZANT TECH SOLUTIONS CL A | Ordinary Shares | 192446102 |  | 2405899 | 30833 | SH |  | SOLE |  | 2405899 | 0 | 0 |
| CARVANA CO | Ordinary Shares | 146869102 |  | 734910 | 2181 | SH |  | SOLE |  | 734910 | 0 | 0 |
| CVS HEALTH CORP | Ordinary Shares | 126650100 |  | 5479633 | 79438 | SH |  | SOLE |  | 5479633 | 0 | 0 |
| DOORDASH INC CL A | Ordinary Shares | 25809K105 |  | 5321904 | 21589 | SH |  | SOLE |  | 5321904 | 0 | 0 |
| DATADOG INC CLASS A | Ordinary Shares | 23804L103 |  | 5286557 | 39355 | SH |  | SOLE |  | 5286557 | 0 | 0 |
| QUEST DIAGNOSTICS INC | Ordinary Shares | 74834L100 |  | 321358 | 1789 | SH |  | SOLE |  | 321358 | 0 | 0 |
| WALT DISNEY CO THE | Ordinary Shares | 254687106 |  | 11017048 | 88840 | SH |  | SOLE |  | 11017048 | 0 | 0 |
| DIGITAL RLTY TR INC | Ordinary Shares | 253868103 |  | 2999871 | 17208 | SH |  | SOLE |  | 2999871 | 0 | 0 |
| DOCUSIGN INC | Ordinary Shares | 256163106 |  | 502235 | 6448 | SH |  | SOLE |  | 502235 | 0 | 0 |
| LEONARDO DRS INC | Ordinary Shares | 52661A108 |  | 2814596 | 60555 | SH |  | SOLE |  | 2814596 | 0 | 0 |
| DUOLINGO INC CL A COM | Ordinary Shares | 26603R106 |  | 299315 | 730 | SH |  | SOLE |  | 299315 | 0 | 0 |
| DEXCOM INC | Ordinary Shares | 252131107 |  | 19618340 | 224749 | SH |  | SOLE |  | 19618340 | 0 | 0 |
| ELECTRONIC ARTS INC COM | Ordinary Shares | 285512109 |  | 2629301 | 16464 | SH |  | SOLE |  | 2629301 | 0 | 0 |
| EBAY INC COM | Ordinary Shares | 278642103 |  | 2170881 | 29155 | SH |  | SOLE |  | 2170881 | 0 | 0 |
| ECOLAB INC | Ordinary Shares | 278865100 |  | 4782829 | 17751 | SH |  | SOLE |  | 4782829 | 0 | 0 |
| EMCOR GROUP INC | Ordinary Shares | 29084Q100 |  | 679845 | 1271 | SH |  | SOLE |  | 679845 | 0 | 0 |
| EASTMAN CHEM CO | Ordinary Shares | 277432100 |  | 6912471 | 92586 | SH |  | SOLE |  | 6912471 | 0 | 0 |
| EPAM SYS INC COM | Ordinary Shares | 29414B104 |  | 255151 | 1443 | SH |  | SOLE |  | 255151 | 0 | 0 |
| EQUINIX INC | Ordinary Shares | 29444U700 |  | 14222208 | 17879 | SH |  | SOLE |  | 14222208 | 0 | 0 |
| EQT CORP | Ordinary Shares | 26884L109 |  | 566987 | 9722 | SH |  | SOLE |  | 566987 | 0 | 0 |
| EXELIXIS INC | Ordinary Shares | 30161Q104 |  | 379045 | 8600 | SH |  | SOLE |  | 379045 | 0 | 0 |
| FASTENAL CO COM | Ordinary Shares | 311900104 |  | 16296000 | 388000 | SH |  | SOLE |  | 16296000 | 0 | 0 |
| FACTSET RESEARCH SYSTEMS INC | Ordinary Shares | 303075105 |  | 274630 | 614 | SH |  | SOLE |  | 274630 | 0 | 0 |
| FED EX CORP | Ordinary Shares | 31428X106 |  | 3420788 | 15049 | SH |  | SOLE |  | 3420788 | 0 | 0 |
| FAIR ISAAC CORPORATION | Ordinary Shares | 303250104 |  | 2966779 | 1623 | SH |  | SOLE |  | 2966779 | 0 | 0 |
| FABRINET | Ordinary Shares | G3323L100 |  | 6609083 | 22428 | SH |  | SOLE |  | 6609083 | 0 | 0 |
| FIRST SOLAR INC | Ordinary Shares | 336433107 |  | 285722 | 1726 | SH |  | SOLE |  | 285722 | 0 | 0 |
| FRONTDOOR INC | Ordinary Shares | 35905A109 |  | 2883404 | 48921 | SH |  | SOLE |  | 2883404 | 0 | 0 |
| FORTINET INC | Ordinary Shares | 34959E109 |  | 5335054 | 50464 | SH |  | SOLE |  | 5335054 | 0 | 0 |
| GODADDY INC CL A | Ordinary Shares | 380237107 |  | 738606 | 4102 | SH |  | SOLE |  | 738606 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES INC | Ordinary Shares | 36266G107 |  | 1742349 | 23523 | SH |  | SOLE |  | 1742349 | 0 | 0 |
| GILEAD SCIENCES INC | Ordinary Shares | 375558103 |  | 9008631 | 81254 | SH |  | SOLE |  | 9008631 | 0 | 0 |
| CORNING INC | Ordinary Shares | 219350105 |  | 2315906 | 44037 | SH |  | SOLE |  | 2315906 | 0 | 0 |
| GLOBUS MED INCA | Ordinary Shares | 379577208 |  | 1975340 | 33469 | SH |  | SOLE |  | 1975340 | 0 | 0 |
| GENTEX CORP COM | Ordinary Shares | 371901109 |  | 1204678 | 54783 | SH |  | SOLE |  | 1204678 | 0 | 0 |
| ALPHABET INC CL C | Ordinary Shares | 02079K107 |  | 104993238 | 591878 | SH |  | SOLE |  | 104993238 | 0 | 0 |
| ALPHABET INC CL A | Ordinary Shares | 02079K305 |  | 749330 | 4252 | SH |  | SOLE |  | 749330 | 0 | 0 |
| GOOSEHEAD INSURANCE INC A | Ordinary Shares | 38267D109 |  | 6931479 | 65695 | SH |  | SOLE |  | 6931479 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | Ordinary Shares | 40171V100 |  | 7822826 | 33225 | SH |  | SOLE |  | 7822826 | 0 | 0 |
| GXO LOGISTICS INCORPORATED COMMON | Ordinary Shares | 36262G101 |  | 6332656 | 130034 | SH |  | SOLE |  | 6332656 | 0 | 0 |
| HYATT HOTELS CORP CL A | Ordinary Shares | 448579102 |  | 213246 | 1527 | SH |  | SOLE |  | 213246 | 0 | 0 |
| HCA HEALTHCARE INC COM | Ordinary Shares | 40412C101 |  | 6170209 | 16106 | SH |  | SOLE |  | 6170209 | 0 | 0 |
| HOME DEPOT INC | Ordinary Shares | 437076102 |  | 23296306 | 63540 | SH |  | SOLE |  | 23296306 | 0 | 0 |
| HEICO CORP | Ordinary Shares | 422806109 |  | 650752 | 1984 | SH |  | SOLE |  | 650752 | 0 | 0 |
| HOULIHAN LOKEY INC | Ordinary Shares | 441593100 |  | 203344 | 1130 | SH |  | SOLE |  | 203344 | 0 | 0 |
| HEALTHEQUITY INC | Ordinary Shares | 42226A107 |  | 12002039 | 114567 | SH |  | SOLE |  | 12002039 | 0 | 0 |
| HERC HOLDINGS INC | Ordinary Shares | 42704L104 |  | 2374239 | 18029 | SH |  | SOLE |  | 2374239 | 0 | 0 |
| HUBSPOT INC | Ordinary Shares | 443573100 |  | 890608 | 1600 | SH |  | SOLE |  | 890608 | 0 | 0 |
| HOWMET AEROSPACE INC COM | Ordinary Shares | 443201108 |  | 3875599 | 20822 | SH |  | SOLE |  | 3875599 | 0 | 0 |
| HEXCEL CORP NEW COM | Ordinary Shares | 428291108 |  | 2362751 | 41826 | SH |  | SOLE |  | 2362751 | 0 | 0 |
| INTERACTIVE BROKERS GROUP INC CL A | Ordinary Shares | 45841N107 |  | 389200 | 7024 | SH |  | SOLE |  | 389200 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC | Ordinary Shares | 45866F104 |  | 5426125 | 29575 | SH |  | SOLE |  | 5426125 | 0 | 0 |
| ICON PLC | Ordinary Shares | G4705A100 |  | 5199983 | 35751 | SH |  | SOLE |  | 5199983 | 0 | 0 |
| INTL CONTAINER TERM SVCS INC | Ordinary Shares | 006455819 |  | 11750835 | 1610522 | SH |  | SOLE |  | 11750835 | 0 | 0 |
| IDEXX LABS INC | Ordinary Shares | 45168D104 |  | 2835630 | 5287 | SH |  | SOLE |  | 2835630 | 0 | 0 |
| ILLUMINA INC COM | Ordinary Shares | 452327109 |  | 243486 | 2552 | SH |  | SOLE |  | 243486 | 0 | 0 |
| INTUIT COM | Ordinary Shares | 461202103 |  | 11435600 | 14519 | SH |  | SOLE |  | 11435600 | 0 | 0 |
| SAMSARA INC COM CL A | Ordinary Shares | 79589L106 |  | 359691 | 9042 | SH |  | SOLE |  | 359691 | 0 | 0 |
| IPG PHOTONICS CORP | Ordinary Shares | 44980X109 |  | 1825609 | 26593 | SH |  | SOLE |  | 1825609 | 0 | 0 |
| INTUITIVE SURGICAL INC | Ordinary Shares | 46120E602 |  | 12198468 | 22448 | SH |  | SOLE |  | 12198468 | 0 | 0 |
| GARTNER INC | Ordinary Shares | 366651107 |  | 2028780 | 5019 | SH |  | SOLE |  | 2028780 | 0 | 0 |
| JACK HENRY ASSOCIATES INC | Ordinary Shares | 426281101 |  | 364664 | 2024 | SH |  | SOLE |  | 364664 | 0 | 0 |
| JPMORGAN CHASE CO | Ordinary Shares | 46625H100 |  | 42319322 | 145974 | SH |  | SOLE |  | 42319322 | 0 | 0 |
| KYNDRYL HLDGS INC COMMON STOCK | Ordinary Shares | 50155Q100 |  | 264935 | 6314 | SH |  | SOLE |  | 264935 | 0 | 0 |
| KINDER MORGAN INC | Ordinary Shares | 49456B101 |  | 3442505 | 117092 | SH |  | SOLE |  | 3442505 | 0 | 0 |
| LKQ CORPORATION | Ordinary Shares | 501889208 |  | 266472 | 7200 | SH |  | SOLE |  | 266472 | 0 | 0 |
| ELI LILLY CO | Ordinary Shares | 532457108 |  | 38350537 | 49197 | SH |  | SOLE |  | 38350537 | 0 | 0 |
| LIVE OAK BANCSHARES INC | Ordinary Shares | 53803X105 |  | 3036918 | 101910 | SH |  | SOLE |  | 3036918 | 0 | 0 |
| LAM RESEARCH CORP | Ordinary Shares | 512807306 |  | 7951315 | 81686 | SH |  | SOLE |  | 7951315 | 0 | 0 |
| LIVE NATION ENTERTAINMENT INC | Ordinary Shares | 538034109 |  | 568964 | 3761 | SH |  | SOLE |  | 568964 | 0 | 0 |
| MASTERCARD INC | Ordinary Shares | 57636Q104 |  | 48095321 | 85588 | SH |  | SOLE |  | 48095321 | 0 | 0 |
| MANHATTAN ASSOCS INC | Ordinary Shares | 562750109 |  | 331157 | 1677 | SH |  | SOLE |  | 331157 | 0 | 0 |
| MARRIOTT INTL INC | Ordinary Shares | 571903202 |  | 3868380 | 14159 | SH |  | SOLE |  | 3868380 | 0 | 0 |
| MCKESSON CORPORATION | Ordinary Shares | 58155Q103 |  | 5663657 | 7729 | SH |  | SOLE |  | 5663657 | 0 | 0 |
| MONGODB INC CL A | Ordinary Shares | 60937P106 |  | 274667 | 1308 | SH |  | SOLE |  | 274667 | 0 | 0 |
| MERCADOLIBRE INC | Ordinary Shares | 58733R102 |  | 12553265 | 4803 | SH |  | SOLE |  | 12553265 | 0 | 0 |
| META PLATFORMS INC | Ordinary Shares | 30303M102 |  | 79648030 | 107911 | SH |  | SOLE |  | 79648030 | 0 | 0 |
| MCCORMICK CO NON VTG SHRS | Ordinary Shares | 579780206 |  | 327618 | 4321 | SH |  | SOLE |  | 327618 | 0 | 0 |
| MARKEL GROUP INC | Ordinary Shares | 570535104 |  | 411456 | 206 | SH |  | SOLE |  | 411456 | 0 | 0 |
| 3M CO | Ordinary Shares | 88579Y101 |  | 4250998 | 27923 | SH |  | SOLE |  | 4250998 | 0 | 0 |
| MONSTER BEVERAGE CORP | Ordinary Shares | 61174X109 |  | 3769675 | 60180 | SH |  | SOLE |  | 3769675 | 0 | 0 |
| MORNINGSTAR INC | Ordinary Shares | 617700109 |  | 3689619 | 11753 | SH |  | SOLE |  | 3689619 | 0 | 0 |
| MONOLITHIC POWER SYSTEMS INC | Ordinary Shares | 609839105 |  | 956645 | 1308 | SH |  | SOLE |  | 956645 | 0 | 0 |
| MICROSOFT CORP COM | Ordinary Shares | 594918104 |  | 152347730 | 306282 | SH |  | SOLE |  | 152347730 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | Ordinary Shares | 620076307 |  | 4467388 | 10625 | SH |  | SOLE |  | 4467388 | 0 | 0 |
| MATCH GROUP INC NEW | Ordinary Shares | 57667L107 |  | 233776 | 7568 | SH |  | SOLE |  | 233776 | 0 | 0 |
| MASTEC INC | Ordinary Shares | 576323109 |  | 214571 | 1259 | SH |  | SOLE |  | 214571 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | Ordinary Shares | 64125C109 |  | 335215 | 2667 | SH |  | SOLE |  | 335215 | 0 | 0 |
| NASDAQ INC | Ordinary Shares | 631103108 |  | 2647011 | 29602 | SH |  | SOLE |  | 2647011 | 0 | 0 |
| CLOUDFLARE INC CL ACOM | Ordinary Shares | 18915M107 |  | 3476374 | 17752 | SH |  | SOLE |  | 3476374 | 0 | 0 |
| NETFLIX COM INC | Ordinary Shares | 64110L106 |  | 36302475 | 27109 | SH |  | SOLE |  | 36302475 | 0 | 0 |
| NIKE INC | Ordinary Shares | 654106103 |  | 5139744 | 72350 | SH |  | SOLE |  | 5139744 | 0 | 0 |
| NORTHERN OIL AND GAS INC MN | Ordinary Shares | 665531307 |  | 2831683 | 99883 | SH |  | SOLE |  | 2831683 | 0 | 0 |
| SERVICENOW INC COM | Ordinary Shares | 81762P102 |  | 13462708 | 13095 | SH |  | SOLE |  | 13462708 | 0 | 0 |
| NUTANIX INC | Ordinary Shares | 67059N108 |  | 4042988 | 52891 | SH |  | SOLE |  | 4042988 | 0 | 0 |
| NVIDIA CORP | Ordinary Shares | 67066G104 |  | 152546929 | 965548 | SH |  | SOLE |  | 152546929 | 0 | 0 |
| NVR INC | Ordinary Shares | 62944T105 |  | 361897 | 49 | SH |  | SOLE |  | 361897 | 0 | 0 |
| NEW YORK TIMES CO | Ordinary Shares | 650111107 |  | 275478 | 4921 | SH |  | SOLE |  | 275478 | 0 | 0 |
| OLD DOMINION FGHT LINE INC | Ordinary Shares | 679580100 |  | 2163621 | 13331 | SH |  | SOLE |  | 2163621 | 0 | 0 |
| OKTA INC | Ordinary Shares | 679295105 |  | 279616 | 2797 | SH |  | SOLE |  | 279616 | 0 | 0 |
| PALO ALTO NETWORKS INC | Ordinary Shares | 697435105 |  | 8415411 | 41123 | SH |  | SOLE |  | 8415411 | 0 | 0 |
| PAYCOM SOFTWARE INC | Ordinary Shares | 70432V102 |  | 208954 | 903 | SH |  | SOLE |  | 208954 | 0 | 0 |
| PEGASYSTEMS INC | Ordinary Shares | 705573103 |  | 247591 | 4574 | SH |  | SOLE |  | 247591 | 0 | 0 |
| PENUMBRA INC | Ordinary Shares | 70975L107 |  | 2502912 | 9753 | SH |  | SOLE |  | 2502912 | 0 | 0 |
| PERFORMANCE FOOD GROUP CO COM | Ordinary Shares | 71377A103 |  | 2756005 | 31508 | SH |  | SOLE |  | 2756005 | 0 | 0 |
| PROGRESSIVE CORP | Ordinary Shares | 743315103 |  | 8133626 | 30479 | SH |  | SOLE |  | 8133626 | 0 | 0 |
| PINTEREST INC CL A | Ordinary Shares | 72352L106 |  | 750693 | 20934 | SH |  | SOLE |  | 750693 | 0 | 0 |
| INSULET CORP | Ordinary Shares | 45784P101 |  | 602597 | 1918 | SH |  | SOLE |  | 602597 | 0 | 0 |
| PURE STORAGE INC CLASS A | Ordinary Shares | 74624M102 |  | 549716 | 9547 | SH |  | SOLE |  | 549716 | 0 | 0 |
| PAYPAL HOLDINGS INC | Ordinary Shares | 70450Y103 |  | 3783631 | 50910 | SH |  | SOLE |  | 3783631 | 0 | 0 |
| Q2 HOLDINGS INC | Ordinary Shares | 74736L109 |  | 2342745 | 25032 | SH |  | SOLE |  | 2342745 | 0 | 0 |
| QXO INC | Ordinary Shares | 82846H405 |  | 8391682 | 389586 | SH |  | SOLE |  | 8391682 | 0 | 0 |
| LIVERAMP HOLDINGS INC | Ordinary Shares | 53815P108 |  | 2771792 | 83892 | SH |  | SOLE |  | 2771792 | 0 | 0 |
| ULTRAGENYX PHARMACEUTICAL IN | Ordinary Shares | 90400D108 |  | 6088409 | 167448 | SH |  | SOLE |  | 6088409 | 0 | 0 |
| ROBLOX CORP CL A | Ordinary Shares | 771049103 |  | 3611937 | 34334 | SH |  | SOLE |  | 3611937 | 0 | 0 |
| ROCKET LAB CORP COM | Ordinary Shares | 773121108 |  | 261407 | 7308 | SH |  | SOLE |  | 261407 | 0 | 0 |
| RESMED INC | Ordinary Shares | 761152107 |  | 2414106 | 9357 | SH |  | SOLE |  | 2414106 | 0 | 0 |
| ROKU INC | Ordinary Shares | 77543R102 |  | 206805 | 2353 | SH |  | SOLE |  | 206805 | 0 | 0 |
| ROLLINS INC | Ordinary Shares | 775711104 |  | 894934 | 15862 | SH |  | SOLE |  | 894934 | 0 | 0 |
| RPM INTL INC | Ordinary Shares | 749685103 |  | 414866 | 3777 | SH |  | SOLE |  | 414866 | 0 | 0 |
| RENTOKIL INITIAL PLC SP A D R | Ordinary Shares | 760125104 |  | 2786472 | 116103 | SH |  | SOLE |  | 2786472 | 0 | 0 |
| RXO INC COMMON STOCK | Ordinary Shares | 74982T103 |  | 2927205 | 186209 | SH |  | SOLE |  | 2927205 | 0 | 0 |
| SBA COMMUNICATIONS CORP | Ordinary Shares | 78410G104 |  | 13584320 | 57845 | SH |  | SOLE |  | 13584320 | 0 | 0 |
| STARBUCKS CORP COM | Ordinary Shares | 855244109 |  | 5109106 | 55758 | SH |  | SOLE |  | 5109106 | 0 | 0 |
| SCHWAB CHARLES CORP COM | Ordinary Shares | 808513105 |  | 8597728 | 94232 | SH |  | SOLE |  | 8597728 | 0 | 0 |
| SAFARICOM LTD | Ordinary Shares | 00B2QN3J6 |  | 773694 | 4000000 | SH |  | SOLE |  | 773694 | 0 | 0 |
| SHERWIN WILLIAMS CO | Ordinary Shares | 824348106 |  | 5712824 | 16638 | SH |  | SOLE |  | 5712824 | 0 | 0 |
| SITEONE LANDSCAPE SUPPLY INC | Ordinary Shares | 82982L103 |  | 4764310 | 39394 | SH |  | SOLE |  | 4764310 | 0 | 0 |
| SITIME CORP | Ordinary Shares | 82982T106 |  | 2890004 | 13563 | SH |  | SOLE |  | 2890004 | 0 | 0 |
| SKECHERS U S A INC | Ordinary Shares | 830566105 |  | 262496 | 4160 | SH |  | SOLE |  | 262496 | 0 | 0 |
| STONEX GROUP INC COM | Ordinary Shares | 861896108 |  | 26333445 | 288934 | SH |  | SOLE |  | 26333445 | 0 | 0 |
| SNOWFLAKE INC CL A | Ordinary Shares | 833445109 |  | 3831614 | 17123 | SH |  | SOLE |  | 3831614 | 0 | 0 |
| SYNOPSYS INC | Ordinary Shares | 871607107 |  | 5002219 | 9757 | SH |  | SOLE |  | 5002219 | 0 | 0 |
| SOFI TECHNOLOGIES INC | Ordinary Shares | 83406F102 |  | 321716 | 17667 | SH |  | SOLE |  | 321716 | 0 | 0 |
| SOLVENTUM CORP COM SHS | Ordinary Shares | 83444M101 |  | 353566 | 4662 | SH |  | SOLE |  | 353566 | 0 | 0 |
| SS C TECHNOLOGIES HLDGS INC COM | Ordinary Shares | 78467J100 |  | 328799 | 3971 | SH |  | SOLE |  | 328799 | 0 | 0 |
| SYSTEM1 GROUP | Ordinary Shares | 00B1GVQH2 |  | 85479 | 14677 | SH |  | SOLE |  | 85479 | 0 | 0 |
| STAG INDUSTRIAL INC | Ordinary Shares | 85254J102 |  | 1936772 | 53384 | SH |  | SOLE |  | 1936772 | 0 | 0 |
| TRANSDIGM GROUP INC | Ordinary Shares | 893641100 |  | 4373361 | 2876 | SH |  | SOLE |  | 4373361 | 0 | 0 |
| ATLASSIAN CORPORATION CL A | Ordinary Shares | 049468101 |  | 5281355 | 26005 | SH |  | SOLE |  | 5281355 | 0 | 0 |
| TRUIST FINANCIAL CORP | Ordinary Shares | 89832Q109 |  | 2885790 | 67127 | SH |  | SOLE |  | 2885790 | 0 | 0 |
| TJX COMPANIES INC | Ordinary Shares | 872540109 |  | 8867199 | 71805 | SH |  | SOLE |  | 8867199 | 0 | 0 |
| T MOBILE US INC | Ordinary Shares | 872590104 |  | 14133345 | 59319 | SH |  | SOLE |  | 14133345 | 0 | 0 |
| TOAST INC CL A | Ordinary Shares | 888787108 |  | 13934476 | 314619 | SH |  | SOLE |  | 13934476 | 0 | 0 |
| TREX CO INC COM | Ordinary Shares | 89531P105 |  | 1587135 | 29186 | SH |  | SOLE |  | 1587135 | 0 | 0 |
| TRACTOR SUPPLY COMPANY | Ordinary Shares | 892356106 |  | 4091891 | 77542 | SH |  | SOLE |  | 4091891 | 0 | 0 |
| TESLA INC | Ordinary Shares | 88160R101 |  | 53075903 | 167084 | SH |  | SOLE |  | 53075903 | 0 | 0 |
| TAIWAN SEMICONDUCTOR A D R | Ordinary Shares | 874039100 |  | 9924112 | 43817 | SH |  | SOLE |  | 9924112 | 0 | 0 |
| TRADE DESK INC COM CL A | Ordinary Shares | 88339J105 |  | 2108731 | 29292 | SH |  | SOLE |  | 2108731 | 0 | 0 |
| TAKE TWO INTERACTIVE SOFTWARE COM | Ordinary Shares | 874054109 |  | 2190750 | 9021 | SH |  | SOLE |  | 2190750 | 0 | 0 |
| TWILIO INC A | Ordinary Shares | 90138F102 |  | 305926 | 2460 | SH |  | SOLE |  | 305926 | 0 | 0 |
| TEXAS ROADHOUSE INC | Ordinary Shares | 882681109 |  | 200716 | 1071 | SH |  | SOLE |  | 200716 | 0 | 0 |
| TEXTRON INC | Ordinary Shares | 883203101 |  | 234929 | 2926 | SH |  | SOLE |  | 234929 | 0 | 0 |
| TYLER TECHNOLOGIES INC | Ordinary Shares | 902252105 |  | 8280789 | 13968 | SH |  | SOLE |  | 8280789 | 0 | 0 |
| UNDER ARMOUR INC CL A | Ordinary Shares | 904311107 |  | 81994 | 12005 | SH |  | SOLE |  | 81994 | 0 | 0 |
| UBER TECHNOLOGIES INC | Ordinary Shares | 90353T100 |  | 10128648 | 108560 | SH |  | SOLE |  | 10128648 | 0 | 0 |
| UFP TECHNOLOGIES INC | Ordinary Shares | 902673102 |  | 2870101 | 11755 | SH |  | SOLE |  | 2870101 | 0 | 0 |
| UBIQUITI INC | Ordinary Shares | 90353W103 |  | 401359 | 975 | SH |  | SOLE |  | 401359 | 0 | 0 |
| ULTA BEAUTY INC COM | Ordinary Shares | 90384S303 |  | 600213 | 1283 | SH |  | SOLE |  | 600213 | 0 | 0 |
| UNION PACIFIC CORP COM | Ordinary Shares | 907818108 |  | 8576232 | 37275 | SH |  | SOLE |  | 8576232 | 0 | 0 |
| VISA INC COM CL A | Ordinary Shares | 92826C839 |  | 40947561 | 115329 | SH |  | SOLE |  | 40947561 | 0 | 0 |
| VEEVA SYSTEMS INC CLASS A | Ordinary Shares | 922475108 |  | 2405497 | 8353 | SH |  | SOLE |  | 2405497 | 0 | 0 |
| VERALTO CORP COM SHS | Ordinary Shares | 92338C103 |  | 661021 | 6548 | SH |  | SOLE |  | 661021 | 0 | 0 |
| VERRA MOBILITY CORP | Ordinary Shares | 92511U102 |  | 2701394 | 106396 | SH |  | SOLE |  | 2701394 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC COM | Ordinary Shares | 92532F100 |  | 7031489 | 15794 | SH |  | SOLE |  | 7031489 | 0 | 0 |
| WABTEC COM | Ordinary Shares | 929740108 |  | 582202 | 2781 | SH |  | SOLE |  | 582202 | 0 | 0 |
| WATERS CORP COM | Ordinary Shares | 941848103 |  | 13243276 | 37942 | SH |  | SOLE |  | 13243276 | 0 | 0 |
| WARNER BROS DISCOVERY INC SERIES A | Ordinary Shares | 934423104 |  | 457747 | 39943 | SH |  | SOLE |  | 457747 | 0 | 0 |
| WASTE CONNECTIONS INC | Ordinary Shares | 94106B101 |  | 17406038 | 93220 | SH |  | SOLE |  | 17406038 | 0 | 0 |
| WORKDAY INC | Ordinary Shares | 98138H101 |  | 3980640 | 16586 | SH |  | SOLE |  | 3980640 | 0 | 0 |
| WINGSTOP INC | Ordinary Shares | 974155103 |  | 2989914 | 8879 | SH |  | SOLE |  | 2989914 | 0 | 0 |
| WASTE MGMT INC DEL COM | Ordinary Shares | 94106L109 |  | 5693499 | 24882 | SH |  | SOLE |  | 5693499 | 0 | 0 |
| WALMART INC COM | Ordinary Shares | 931142103 |  | 46063474 | 471093 | SH |  | SOLE |  | 46063474 | 0 | 0 |
| WILLIAMS SONOMA INC | Ordinary Shares | 969904101 |  | 512655 | 3138 | SH |  | SOLE |  | 512655 | 0 | 0 |
| WATSCO INC COM | Ordinary Shares | 942622200 |  | 17617547 | 39893 | SH |  | SOLE |  | 17617547 | 0 | 0 |
| WEST PHARMACEUTICAL SVCS INC COM | Ordinary Shares | 955306105 |  | 4715796 | 21553 | SH |  | SOLE |  | 4715796 | 0 | 0 |
| XPO INC | Ordinary Shares | 983793100 |  | 238562 | 1889 | SH |  | SOLE |  | 238562 | 0 | 0 |
| BLOCK INC CL A | Ordinary Shares | 852234103 |  | 2054950 | 30251 | SH |  | SOLE |  | 2054950 | 0 | 0 |
| YUM CHINA HLDGS INC | Ordinary Shares | 98850P109 |  | 9676451 | 216427 | SH |  | SOLE |  | 9676451 | 0 | 0 |
| ZILLOW GROUP INC C | Ordinary Shares | 98954M200 |  | 272565 | 3891 | SH |  | SOLE |  | 272565 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATION CL A | Ordinary Shares | 989207105 |  | 255322 | 828 | SH |  | SOLE |  | 255322 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | Ordinary Shares | 98980L101 |  | 1225144 | 15711 | SH |  | SOLE |  | 1225144 | 0 | 0 |
| ZSCALER INC COM | Ordinary Shares | 98980G102 |  | 2482951 | 7909 | SH |  | SOLE |  | 2482951 | 0 | 0 |

---