# EDGAR Filing Document

**Accession Number:** 0000822632
**File Stem:** 0001752724-25-193289
**Filing Date:** 2025-8
**Character Count:** 31846
**Document Hash:** 14f1f366ec783fd8edb5e4a6b5fff669
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-193289.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001752724-25-193289

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**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:** 251234052

**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 Core Fund (Series ID: S000066499)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000214491 | Class I      | WBCIX           |
| C000214492 | Class R6     | WBCRX           |

## 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 Core Fund

- **b. EDGAR series identifier (if any):** S000066499

- **c. LEI of Series:** 549300ECH5GG47ZL5S10

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $129083356.94

**Total Liabilities:** $179560.96

**Net Assets:** $128903795.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214491 | -2.70%               | 3.69%                | 4.20%                |
| Class ID C000214492 | -2.69%               | 3.69%                | 4.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3546062.37             | $105961.65                                 |
| Month 2  | $-1381567.95             | $5479189.93                                |
| Month 3  | $-671207.31              | $5802706.77                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Revolve Group Inc                    | Revolve Group Inc                    | CUSIP: 76156B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59323 | NS      | $1189426.15   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc                     | UL Solutions Inc                     | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |     20323 | NS      | $1480733.78   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                     | Pure Storage Inc                     | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     25397 | NS      | $1462359.26   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                     | EPAM Systems Inc                     | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      5735 | NS      | $1014062.70   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp            | Carpenter Technology Corp            | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      5210 | NS      | $1439939.80   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                        | Dynatrace Inc                        | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     31297 | NS      | $1727907.37   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                          | Neogen Corp                          | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |     24546 | NS      | $117329.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                   | Champion Homes Inc                   | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15687 | NS      | $982163.07    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                 | Waystar Holding Corp                 | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35851 | NS      | $1465230.37   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lancaster Colony Corp                | Lancaster Colony Corp                | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |      8430 | NS      | $1456451.10   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp           | FIXED INC CLEARING CORP.REPO         | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   2876572 | PA      | $2876571.92   | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Pool Corp                            | Pool Corp                            | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      5253 | NS      | $1531144.44   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc               | Jones Lang LaSalle Inc               | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      5262 | NS      | $1345914.36   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN              | Old National Bancorp/IN              | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     92860 | NS      | $1981632.40   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp                  | Exact Sciences Corp                  | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |     25614 | NS      | $1361127.96   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass Inc                       | Tecnoglass Inc                       | CUSIP: 000000000<br>LEI: 529900YRWTPOC2E6IO67 | Long             | EC               | CORP              | KY        |     11271 | NS      | $871924.56    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group PLC                      | Marex Group PLC                      | CUSIP: 000000000<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     15842 | NS      | $625283.74    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                   | nVent Electric PLC                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     22254 | NS      | $1630105.50   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc              | ExlService Holdings Inc              | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     28724 | NS      | $1257823.96   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                    | Everest Group Ltd                    | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      7552 | NS      | $2566547.20   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                        | Owens Corning                        | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      8215 | NS      | $1129726.80   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc           | Americold Realty Trust Inc           | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               |  | US        |     64649 | NS      | $1075112.87   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc            | Merit Medical Systems Inc            | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     16583 | NS      | $1550178.84   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc  | Applied Industrial Technologies Inc  | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      5277 | NS      | $1226638.65   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc         | National Vision Holdings Inc         | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |     28601 | NS      | $658109.01    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp               | WillScot Holdings Corp               | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     52557 | NS      | $1440061.80   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                        | Coherent Corp                        | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     19830 | NS      | $1769034.30   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                | Carlyle Group Inc/The                | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     45474 | NS      | $2337363.60   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc                    | GXO Logistics Inc                    | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     24445 | NS      | $1190471.50   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                       | Brink's Co/The                       | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     13760 | NS      | $1228630.40   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                             | Gogo Inc                             | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |    124579 | NS      | $1828819.72   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp                    | Talen Energy Corp                    | CUSIP: 87422Q109<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | EC               | CORP              | US        |      9657 | NS      | $2807965.89   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp             | Western Alliance Bancorp             | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     29235 | NS      | $2279745.30   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                         | Insulet Corp                         | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      2232 | NS      | $701249.76    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Co/The             | Simply Good Foods Co/The             | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34153 | NS      | $1078893.27   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                         | Doximity Inc                         | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37427 | NS      | $2295772.18   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd                  | Signet Jewelers Ltd                  | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |     13994 | NS      | $1113222.70   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                           | TransUnion                           | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     25214 | NS      | $2218832.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                       | Flowserve Corp                       | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     19738 | NS      | $1033284.30   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                  | Eagle Materials Inc                  | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      6048 | NS      | $1222361.28   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                 | GeneDx Holdings Corp                 | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17138 | NS      | $1582008.78   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                 | BWX Technologies Inc                 | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     11894 | NS      | $1713449.64   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Diebold Nixdorf Inc                  | Diebold Nixdorf Inc                  | CUSIP: 253651202<br>LEI: 549300XZK6EWDBAZSY16 | Long             | EC               | CORP              | US        |     40909 | NS      | $2266358.60   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc        | Academy Sports & Outdoors Inc        | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41562 | NS      | $1862393.22   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                          | Cameco Corp                          | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     29134 | NS      | $2162616.82   | 1.68%             |  |  |  | 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        |     60150 | NS      | $2575021.50   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc | Bright Horizons Family Solutions Inc | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15739 | NS      | $1945183.01   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                          | Banner Corp                          | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28700 | NS      | $1841105.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                | East West Bancorp Inc                | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16016 | NS      | $1617295.68   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp               | Paylocity Holding Corp               | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      4233 | NS      | $766977.27    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp                  | Verra Mobility Corp                  | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     55376 | NS      | $1405996.64   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners            | Perella Weinberg Partners            | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35934 | NS      | $697838.28    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                           | Ciena Corp                           | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     22338 | NS      | $1816749.54   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                  | Curtiss-Wright Corp                  | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      3873 | NS      | $1892154.15   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                         | Agilysys Inc                         | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     12227 | NS      | $1401703.28   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp               | Louisiana-Pacific Corp               | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     10083 | NS      | $867037.17    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                          | Chemed Corp                          | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      3788 | NS      | $1844490.84   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                           | Gitlab Inc                           | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     26730 | NS      | $1205790.30   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                     | ACV Auctions Inc                     | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106907 | NS      | $1734031.54   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc               | Mueller Industries Inc               | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     13696 | NS      | $1088421.12   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp                         | Embecta Corp                         | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     91453 | NS      | $886179.57    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                   | Garrett Motion Inc                   | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |    120980 | NS      | $1271499.80   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                        | Maplebear Inc                        | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35875 | NS      | $1622985.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc    | Clearwater Analytics Holdings Inc    | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54780 | NS      | $1201325.40   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                         | Vericel Corp                         | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     18198 | NS      | $774324.90    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc            | Casella Waste Systems Inc            | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     13898 | NS      | $1603551.24   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/The      | Descartes Systems Group Inc/The      | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |      6944 | NS      | $705822.88    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                          | IDACORP Inc                          | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     17386 | NS      | $2007213.70   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                             | CBIZ Inc                             | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     11449 | NS      | $821007.79    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT Inc                              | ADT Inc                              | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117778 | NS      | $997579.66    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC        | Weatherford International PLC        | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |     14135 | NS      | $711131.85    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                         | Cadence Bank                         | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     39339 | NS      | $1258061.22   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc               | CACI International Inc               | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      5204 | NS      | $2480746.80   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                | Antero Resources Corp                | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     23626 | NS      | $951655.28    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                    | Agree Realty Corp                    | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               |  | US        |     17488 | NS      | $1277673.28   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp                    | Primo Brands Corp                    | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |     81073 | NS      | $2401382.26   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                       | JBT Marel Corp                       | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     13223 | NS      | $1590197.98   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                | Encompass Health Corp                | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     10390 | NS      | $1274125.70   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc        | Rexford Industrial Realty Inc        | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |     40204 | NS      | $1430056.28   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                         | Freshpet Inc                         | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |      9389 | NS      | $638076.44    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                  | Mercury Systems Inc                  | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     34596 | NS      | $1863340.56   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc          | Healthcare Realty Trust Inc          | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |    107114 | NS      | $1698828.04   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc      | Equity LifeStyle Properties Inc      | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |     29577 | NS      | $1824013.59   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                       | SharkNinja Inc                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     22592 | NS      | $2236382.08   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources Inc               | Whitecap Resources Inc               | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |    186185 | NS      | $1251163.20   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                           | Stride Inc                           | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     10849 | NS      | $1575166.31   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Confluent Inc                        | Confluent Inc                        | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     68204 | NS      | $1700325.72   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-23

**Name of Applicant:** WILLIAM BLAIR FUNDS

**Signature:** John Raczek

**Name of Signer:** John Raczek

**Title:** Principal Financial Officer