# EDGAR Filing Document

**Accession Number:** 0001512814
**File Stem:** 0001104659-25-112150
**Filing Date:** 2025-11
**Character Count:** 29396
**Document Hash:** 5991cc9781a87ebbce9e95411ba0dde7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-112150.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001104659-25-112150

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**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:** 251483273

**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:** 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:** 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  11-13-2025<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:** 238

**Form 13F Information Table Value Total:** $2421139113

      (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 |
| 3M Company | Ordinary Shares | 88579Y101 |  | 5706744 | 36775 | SH |  | SOLE |  | 36775 | 0 | 0 |
| Adobe Inc | Ordinary Shares | 00724F101 |  | 12709582 | 36030 | SH |  | SOLE |  | 36030 | 0 | 0 |
| Advanced Micro Devices Inc. | Ordinary Shares | 007903107 |  | 18125172 | 112029 | SH |  | SOLE |  | 112029 | 0 | 0 |
| AeroVironment Inc. | Ordinary Shares | 008073108 |  | 255376 | 811 | SH |  | SOLE |  | 811 | 0 | 0 |
| Agree Realty Corp | Ordinary Shares | 008492100 |  | 1931436 | 27188 | SH |  | SOLE |  | 27188 | 0 | 0 |
| Airbnb Inc | Ordinary Shares | 009066101 |  | 5129388 | 42245 | SH |  | SOLE |  | 42245 | 0 | 0 |
| Alarm.com Holdings Inc. | Ordinary Shares | 011642105 |  | 7367663 | 138803 | SH |  | SOLE |  | 138803 | 0 | 0 |
| Alnylam Pharmaceuticals Inc. | Ordinary Shares | 02043Q107 |  | 4124976 | 9046 | SH |  | SOLE |  | 9046 | 0 | 0 |
| Alphabet Inc. | Ordinary Shares | 02079K107 |  | 143783639 | 590366 | SH |  | SOLE |  | 590366 | 0 | 0 |
| Alphatec Holdings Inc. | Ordinary Shares | 02081G201 |  | 8371827 | 575779 | SH |  | SOLE |  | 575779 | 0 | 0 |
| Amazon.com Inc. | Ordinary Shares | 023135106 |  | 120588503 | 549203 | SH |  | SOLE |  | 549203 | 0 | 0 |
| American Tower Corporation | Ordinary Shares | 03027X100 |  | 16226808 | 84374 | SH |  | SOLE |  | 84374 | 0 | 0 |
| Amgen Inc. | Ordinary Shares | 031162100 |  | 10483730 | 37150 | SH |  | SOLE |  | 37150 | 0 | 0 |
| Aon PLC | Ordinary Shares | G0403H108 |  | 10299100 | 28883 | SH |  | SOLE |  | 28883 | 0 | 0 |
| AppFolio Inc. | Ordinary Shares | 03783C100 |  | 291648 | 1058 | SH |  | SOLE |  | 1058 | 0 | 0 |
| Apple Inc. | Ordinary Shares | 037833100 |  | 156047195 | 612839 | SH |  | SOLE |  | 612839 | 0 | 0 |
| Applovin Corp. | Ordinary Shares | 03831W108 |  | 16769287 | 23338 | SH |  | SOLE |  | 23338 | 0 | 0 |
| Archer Aviation Inc | Ordinary Shares | 03945R102 |  | 100609 | 10502 | SH |  | SOLE |  | 10502 | 0 | 0 |
| Arista Networks Inc | Ordinary Shares | 040413205 |  | 14575517 | 100031 | SH |  | SOLE |  | 100031 | 0 | 0 |
| Astera Labs Inc | Ordinary Shares | 04626A103 |  | 530031 | 2707 | SH |  | SOLE |  | 2707 | 0 | 0 |
| Atlassian Corporation | Ordinary Shares | 049468101 |  | 3992021 | 24997 | SH |  | SOLE |  | 24997 | 0 | 0 |
| Autodesk Inc | Ordinary Shares | 052769106 |  | 5583368 | 17576 | SH |  | SOLE |  | 17576 | 0 | 0 |
| Axon Enterprise Inc | Ordinary Shares | 05464C101 |  | 29690202 | 41372 | SH |  | SOLE |  | 41372 | 0 | 0 |
| BellRing Intermediate Holdings Inc. | Ordinary Shares | 07831C103 |  | 2300301 | 63282 | SH |  | SOLE |  | 63282 | 0 | 0 |
| Berkshire Hathaway Inc. | Ordinary Shares | 084670702 |  | 74923845 | 149031 | SH |  | SOLE |  | 149031 | 0 | 0 |
| Biogen Inc | Ordinary Shares | 09062X103 |  | 334511 | 2388 | SH |  | SOLE |  | 2388 | 0 | 0 |
| Biomarin Pharmaceutical Inc. | Ordinary Shares | 09061G101 |  | 1734149 | 32019 | SH |  | SOLE |  | 32019 | 0 | 0 |
| Block Inc | Ordinary Shares | 852234103 |  | 3053118 | 42246 | SH |  | SOLE |  | 42246 | 0 | 0 |
| Booking Holdings Inc | Ordinary Shares | 09857L108 |  | 14043501 | 2601 | SH |  | SOLE |  | 2601 | 0 | 0 |
| Bristol-Myers Squibb Company | Ordinary Shares | 110122108 |  | 7489532 | 166065 | SH |  | SOLE |  | 166065 | 0 | 0 |
| Broadcom Inc | Ordinary Shares | 11135F101 |  | 42046700 | 127449 | SH |  | SOLE |  | 127449 | 0 | 0 |
| Broadridge Financial Solutions Inc. | Ordinary Shares | 11133T103 |  | 8784900 | 36885 | SH |  | SOLE |  | 36885 | 0 | 0 |
| Brookfield Asset Management Ltd | Ordinary Shares | 113004105 |  | 10926786 | 191900 | SH |  | SOLE |  | 191900 | 0 | 0 |
| Brown  Brown Inc | Ordinary Shares | 115236101 |  | 8221913 | 87663 | SH |  | SOLE |  | 87663 | 0 | 0 |
| Canadian National Railway Company | Ordinary Shares | 136375102 |  | 5044107 | 53490 | SH |  | SOLE |  | 53490 | 0 | 0 |
| Carlisle Companies Inc. | Ordinary Shares | 142339100 |  | 2377723 | 7228 | SH |  | SOLE |  | 7228 | 0 | 0 |
| Carvana Co | Ordinary Shares | 146869102 |  | 3592079 | 9522 | SH |  | SOLE |  | 9522 | 0 | 0 |
| Casey'S General Stores Inc. | Ordinary Shares | 147528103 |  | 593586 | 1050 | SH |  | SOLE |  | 1050 | 0 | 0 |
| Cboe Global Markets Inc | Ordinary Shares | 12503M108 |  | 652120 | 2659 | SH |  | SOLE |  | 2659 | 0 | 0 |
| Cellebrite Di Ltd | Ordinary Shares | M2197Q107 |  | 7998289 | 431640 | SH |  | SOLE |  | 431640 | 0 | 0 |
| Celsius Holdings Inc. | Ordinary Shares | 15118V207 |  | 241458 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| Chewy Inc | Ordinary Shares | 16679L109 |  | 273199 | 6754 | SH |  | SOLE |  | 6754 | 0 | 0 |
| Chipotle Mexican Grill Inc | Ordinary Shares | 169656105 |  | 4369528 | 111496 | SH |  | SOLE |  | 111496 | 0 | 0 |
| Cintas Corporation | Ordinary Shares | 172908105 |  | 6909873 | 33664 | SH |  | SOLE |  | 33664 | 0 | 0 |
| Close Brothers Group PLC | Ordinary Shares | G22120102 |  | 10812705 | 1627414 | SH |  | SOLE |  | 1627414 | 0 | 0 |
| Cloudflare Inc | Ordinary Shares | 18915M107 |  | 5161319 | 24052 | SH |  | SOLE |  | 24052 | 0 | 0 |
| CME Group Inc. | Ordinary Shares | 12572Q105 |  | 6721517 | 24877 | SH |  | SOLE |  | 24877 | 0 | 0 |
| CNA Financial Corporation | Ordinary Shares | 126117100 |  | 204749 | 4407 | SH |  | SOLE |  | 4407 | 0 | 0 |
| Cognizant Technology Solutions Corp. | Ordinary Shares | 192446102 |  | 2630754 | 39224 | SH |  | SOLE |  | 39224 | 0 | 0 |
| Coherent Corp | Ordinary Shares | 19247G107 |  | 273286 | 2537 | SH |  | SOLE |  | 2537 | 0 | 0 |
| Constellation Energy Corp. | Ordinary Shares | 21037T109 |  | 7096395 | 21565 | SH |  | SOLE |  | 21565 | 0 | 0 |
| Copart Inc | Ordinary Shares | 217204106 |  | 2989471 | 66477 | SH |  | SOLE |  | 66477 | 0 | 0 |
| Corning Incorporated | Ordinary Shares | 219350105 |  | 4850762 | 59134 | SH |  | SOLE |  | 59134 | 0 | 0 |
| Costar Group Inc | Ordinary Shares | 22160N109 |  | 7089949 | 84034 | SH |  | SOLE |  | 84034 | 0 | 0 |
| Costco Wholesale Corporation | Ordinary Shares | 22160K105 |  | 46486064 | 50221 | SH |  | SOLE |  | 50221 | 0 | 0 |
| Coupang Inc. | Ordinary Shares | 22266T109 |  | 4052177 | 125844 | SH |  | SOLE |  | 125844 | 0 | 0 |
| Crocs Inc | Ordinary Shares | 227046109 |  | 4352287 | 52092 | SH |  | SOLE |  | 52092 | 0 | 0 |
| Crowdstrike Holdings Inc | Ordinary Shares | 22788C105 |  | 9837023 | 20060 | SH |  | SOLE |  | 20060 | 0 | 0 |
| Cummins Inc. | Ordinary Shares | 231021106 |  | 4015894 | 9508 | SH |  | SOLE |  | 9508 | 0 | 0 |
| CVS Health Corp | Ordinary Shares | 126650100 |  | 7519097 | 99736 | SH |  | SOLE |  | 99736 | 0 | 0 |
| Datadog Inc | Ordinary Shares | 23804L103 |  | 7631216 | 53590 | SH |  | SOLE |  | 53590 | 0 | 0 |
| DexCom Inc | Ordinary Shares | 252131107 |  | 13472535 | 200216 | SH |  | SOLE |  | 200216 | 0 | 0 |
| Docusign Inc | Ordinary Shares | 256163106 |  | 472190 | 6550 | SH |  | SOLE |  | 6550 | 0 | 0 |
| DoorDash Inc | Ordinary Shares | 25809K105 |  | 8018809 | 29482 | SH |  | SOLE |  | 29482 | 0 | 0 |
| Doximity Inc | Ordinary Shares | 26622P107 |  | 223108 | 3050 | SH |  | SOLE |  | 3050 | 0 | 0 |
| Duolingo Inc | Ordinary Shares | 26603R106 |  | 240093 | 746 | SH |  | SOLE |  | 746 | 0 | 0 |
| E L F Beauty Inc | Ordinary Shares | 26856L103 |  | 245485 | 1853 | SH |  | SOLE |  | 1853 | 0 | 0 |
| Eastman Chemical Company | Ordinary Shares | 277432100 |  | 2960198 | 46950 | SH |  | SOLE |  | 46950 | 0 | 0 |
| eBay Inc. | Ordinary Shares | 278642103 |  | 3322404 | 36530 | SH |  | SOLE |  | 36530 | 0 | 0 |
| Ecolab Inc. | Ordinary Shares | 278865100 |  | 6234423 | 22765 | SH |  | SOLE |  | 22765 | 0 | 0 |
| Electronic Arts Inc. | Ordinary Shares | 285512109 |  | 4082206 | 20239 | SH |  | SOLE |  | 20239 | 0 | 0 |
| Emcor Group Inc | Ordinary Shares | 29084Q100 |  | 828813 | 1276 | SH |  | SOLE |  | 1276 | 0 | 0 |
| EQT Corporation | Ordinary Shares | 26884L109 |  | 552846 | 10157 | SH |  | SOLE |  | 10157 | 0 | 0 |
| Equinix Inc. | Ordinary Shares | 29444U700 |  | 15002962 | 19155 | SH |  | SOLE |  | 19155 | 0 | 0 |
| Evolv Technologies Holdings Inc. | Ordinary Shares | 30049H102 |  | 2387778 | 316262 | SH |  | SOLE |  | 316262 | 0 | 0 |
| Exelixis Inc. | Ordinary Shares | 30161Q104 |  | 341923 | 8279 | SH |  | SOLE |  | 8279 | 0 | 0 |
| Fabrinet | Ordinary Shares | G3323L100 |  | 7863760 | 21567 | SH |  | SOLE |  | 21567 | 0 | 0 |
| Fair Isaac Corporation | Ordinary Shares | 303250104 |  | 3147203 | 2103 | SH |  | SOLE |  | 2103 | 0 | 0 |
| Fastenal Co. | Ordinary Shares | 311900104 |  | 18226304 | 371662 | SH |  | SOLE |  | 371662 | 0 | 0 |
| FedEx Corporation | Ordinary Shares | 31428X106 |  | 4470958 | 18960 | SH |  | SOLE |  | 18960 | 0 | 0 |
| First Solar Inc | Ordinary Shares | 336433107 |  | 385045 | 1746 | SH |  | SOLE |  | 1746 | 0 | 0 |
| Five Below Inc | Ordinary Shares | 33829M101 |  | 242260 | 1566 | SH |  | SOLE |  | 1566 | 0 | 0 |
| Fortinet Inc | Ordinary Shares | 34959E109 |  | 5197237 | 61813 | SH |  | SOLE |  | 61813 | 0 | 0 |
| Frontdoor Inc | Ordinary Shares | 35905A109 |  | 2081683 | 30936 | SH |  | SOLE |  | 30936 | 0 | 0 |
| Gartner Inc. | Ordinary Shares | 366651107 |  | 606967 | 2309 | SH |  | SOLE |  | 2309 | 0 | 0 |
| GE Healthcare Technologies Inc. | Ordinary Shares | 36266G107 |  | 2366852 | 31516 | SH |  | SOLE |  | 31516 | 0 | 0 |
| Gentex Corp | Ordinary Shares | 371901109 |  | 1450347 | 51249 | SH |  | SOLE |  | 51249 | 0 | 0 |
| Gilead Sciences Inc. | Ordinary Shares | 375558103 |  | 11311011 | 101901 | SH |  | SOLE |  | 101901 | 0 | 0 |
| Godaddy Inc | Ordinary Shares | 380237107 |  | 540068 | 3947 | SH |  | SOLE |  | 3947 | 0 | 0 |
| Goldman Sachs Group Inc. | Ordinary Shares | 38141G104 |  | 17060206 | 21423 | SH |  | SOLE |  | 21423 | 0 | 0 |
| Goosehead Insurance Inc | Ordinary Shares | 38267D109 |  | 6363505 | 85508 | SH |  | SOLE |  | 85508 | 0 | 0 |
| Guidewire Software Inc | Ordinary Shares | 40171V100 |  | 8058202 | 35057 | SH |  | SOLE |  | 35057 | 0 | 0 |
| GXO Logistics Inc. | Ordinary Shares | 36262G101 |  | 8129140 | 153699 | SH |  | SOLE |  | 153699 | 0 | 0 |
| Hasbro Inc | Ordinary Shares | 418056107 |  | 288306 | 3801 | SH |  | SOLE |  | 3801 | 0 | 0 |
| HCA Healthcare Inc | Ordinary Shares | 40412C101 |  | 8356930 | 19608 | SH |  | SOLE |  | 19608 | 0 | 0 |
| Healthequity Inc | Ordinary Shares | 42226A107 |  | 10171001 | 107323 | SH |  | SOLE |  | 107323 | 0 | 0 |
| Heico Corp | Ordinary Shares | 422806109 |  | 637892 | 1976 | SH |  | SOLE |  | 1976 | 0 | 0 |
| Henry Jack  Associates Inc. | Ordinary Shares | 426281101 |  | 310221 | 2083 | SH |  | SOLE |  | 2083 | 0 | 0 |
| Herc Holdings Inc | Ordinary Shares | 42704L104 |  | 2520323 | 21604 | SH |  | SOLE |  | 21604 | 0 | 0 |
| Hexcel Corporation | Ordinary Shares | 428291108 |  | 2453576 | 39132 | SH |  | SOLE |  | 39132 | 0 | 0 |
| Houlihan Lokey Inc. | Ordinary Shares | 441593100 |  | 235297 | 1146 | SH |  | SOLE |  | 1146 | 0 | 0 |
| Howmet Aerospace Inc | Ordinary Shares | 443201108 |  | 5460492 | 27827 | SH |  | SOLE |  | 27827 | 0 | 0 |
| Hubspot Inc | Ordinary Shares | 443573100 |  | 783565 | 1675 | SH |  | SOLE |  | 1675 | 0 | 0 |
| Hyatt Hotels Corporation | Ordinary Shares | 448579102 |  | 220701 | 1555 | SH |  | SOLE |  | 1555 | 0 | 0 |
| Icon PLC | Ordinary Shares | G4705A100 |  | 11507125 | 65755 | SH |  | SOLE |  | 65755 | 0 | 0 |
| IDEXX Laboratories Inc. | Ordinary Shares | 45168D104 |  | 4317619 | 6758 | SH |  | SOLE |  | 6758 | 0 | 0 |
| Illumina Inc | Ordinary Shares | 452327109 |  | 237805 | 2504 | SH |  | SOLE |  | 2504 | 0 | 0 |
| Insulet Corporation | Ordinary Shares | 45784P101 |  | 615916 | 1995 | SH |  | SOLE |  | 1995 | 0 | 0 |
| Interactive Brokers Group Inc | Ordinary Shares | 45841N107 |  | 498872 | 7250 | SH |  | SOLE |  | 7250 | 0 | 0 |
| Intercontinental Exchange Inc | Ordinary Shares | 45866F104 |  | 6657824 | 39517 | SH |  | SOLE |  | 39517 | 0 | 0 |
| Intuit Inc | Ordinary Shares | 461202103 |  | 13141920 | 19244 | SH |  | SOLE |  | 19244 | 0 | 0 |
| Intuitive Surgical Inc. | Ordinary Shares | 46120E602 |  | 12849812 | 28732 | SH |  | SOLE |  | 28732 | 0 | 0 |
| IPG Photonics Corp | Ordinary Shares | 44980X109 |  | 1974048 | 24928 | SH |  | SOLE |  | 24928 | 0 | 0 |
| Jefferies Financial Group Inc | Ordinary Shares | 47233W109 |  | 219746 | 3359 | SH |  | SOLE |  | 3359 | 0 | 0 |
| JPMorgan Chase  Co. | Ordinary Shares | 46625H100 |  | 59895426 | 189885 | SH |  | SOLE |  | 189885 | 0 | 0 |
| Kerry Group PLC | Ordinary Shares | G52565106 |  | 1697808 | 18781 | SH |  | SOLE |  | 18781 | 0 | 0 |
| Kinder Morgan Inc. | Ordinary Shares | 49456B101 |  | 4342811 | 153402 | SH |  | SOLE |  | 153402 | 0 | 0 |
| Lam Research Corporation | Ordinary Shares | 512807306 |  | 13925734 | 104001 | SH |  | SOLE |  | 104001 | 0 | 0 |
| Leonardo DRS Inc | Ordinary Shares | 52661A108 |  | 2571865 | 56649 | SH |  | SOLE |  | 56649 | 0 | 0 |
| Live Nation Entertainment Inc. | Ordinary Shares | 538034109 |  | 617162 | 3777 | SH |  | SOLE |  | 3777 | 0 | 0 |
| Live Oak Bancshares Inc | Ordinary Shares | 53803X105 |  | 1753533 | 49788 | SH |  | SOLE |  | 49788 | 0 | 0 |
| Liveramp Holdings Inc | Ordinary Shares | 53815P108 |  | 2129947 | 78480 | SH |  | SOLE |  | 78480 | 0 | 0 |
| LKQ Corporation | Ordinary Shares | 501889208 |  | 214269 | 7016 | SH |  | SOLE |  | 7016 | 0 | 0 |
| Manhattan Associates Inc | Ordinary Shares | 562750109 |  | 364454 | 1778 | SH |  | SOLE |  | 1778 | 0 | 0 |
| Maplebear Inc. | Ordinary Shares | 565394103 |  | 303196 | 8248 | SH |  | SOLE |  | 8248 | 0 | 0 |
| Markel Group Inc | Ordinary Shares | 570535104 |  | 395652 | 207 | SH |  | SOLE |  | 207 | 0 | 0 |
| Marriott International Inc. | Ordinary Shares | 571903202 |  | 4880906 | 18741 | SH |  | SOLE |  | 18741 | 0 | 0 |
| Mastec Inc. | Ordinary Shares | 576323109 |  | 268992 | 1264 | SH |  | SOLE |  | 1264 | 0 | 0 |
| MasterCard Incorporated | Ordinary Shares | 57636Q104 |  | 57121038 | 100422 | SH |  | SOLE |  | 100422 | 0 | 0 |
| Match Group Inc | Ordinary Shares | 57667L107 |  | 289483 | 8196 | SH |  | SOLE |  | 8196 | 0 | 0 |
| McCormick  Company Incorporated | Ordinary Shares | 579780206 |  | 292397 | 4370 | SH |  | SOLE |  | 4370 | 0 | 0 |
| Mckesson Corp. | Ordinary Shares | 58155Q103 |  | 6633801 | 8587 | SH |  | SOLE |  | 8587 | 0 | 0 |
| Medpace Holdings Inc. | Ordinary Shares | 58506Q109 |  | 424182 | 825 | SH |  | SOLE |  | 825 | 0 | 0 |
| Mercadolibre Inc | Ordinary Shares | 58733R102 |  | 10831717 | 4635 | SH |  | SOLE |  | 4635 | 0 | 0 |
| Meta Platforms Inc | Ordinary Shares | 30303M102 |  | 78531660 | 106936 | SH |  | SOLE |  | 106936 | 0 | 0 |
| Microsoft Corp. | Ordinary Shares | 594918104 |  | 158949532 | 306882 | SH |  | SOLE |  | 306882 | 0 | 0 |
| MongoDB Inc. | Ordinary Shares | 60937P106 |  | 411254 | 1325 | SH |  | SOLE |  | 1325 | 0 | 0 |
| Monolithic Power Systems Inc. | Ordinary Shares | 609839105 |  | 3458844 | 3757 | SH |  | SOLE |  | 3757 | 0 | 0 |
| Monster Beverage Corp | Ordinary Shares | 61174X109 |  | 5253747 | 78053 | SH |  | SOLE |  | 78053 | 0 | 0 |
| Morningstar Inc | Ordinary Shares | 617700109 |  | 4304946 | 18555 | SH |  | SOLE |  | 18555 | 0 | 0 |
| Motorola Solutions Inc | Ordinary Shares | 620076307 |  | 6196280 | 13550 | SH |  | SOLE |  | 13550 | 0 | 0 |
| Nasdaq Inc | Ordinary Shares | 631103108 |  | 3503593 | 39611 | SH |  | SOLE |  | 39611 | 0 | 0 |
| Netflix Inc. | Ordinary Shares | 64110L106 |  | 39986380 | 33352 | SH |  | SOLE |  | 33352 | 0 | 0 |
| Neurocrine Biosciences Inc | Ordinary Shares | 64125C109 |  | 226714 | 1615 | SH |  | SOLE |  | 1615 | 0 | 0 |
| Nike Inc. | Ordinary Shares | 654106103 |  | 8276463 | 118693 | SH |  | SOLE |  | 118693 | 0 | 0 |
| Northern Oil And Gas Inc. | Ordinary Shares | 665531307 |  | 2317287 | 93439 | SH |  | SOLE |  | 93439 | 0 | 0 |
| Nutanix Inc | Ordinary Shares | 67059N108 |  | 3795378 | 51020 | SH |  | SOLE |  | 51020 | 0 | 0 |
| NVIDIA Corp. | Ordinary Shares | 67066G104 |  | 186340431 | 998716 | SH |  | SOLE |  | 998716 | 0 | 0 |
| NVR Inc | Ordinary Shares | 62944T105 |  | 377629 | 47 | SH |  | SOLE |  | 47 | 0 | 0 |
| Okta Inc. | Ordinary Shares | 679295105 |  | 263179 | 2870 | SH |  | SOLE |  | 2870 | 0 | 0 |
| Old Dominion Freight Line Inc. | Ordinary Shares | 679580100 |  | 2392134 | 16992 | SH |  | SOLE |  | 16992 | 0 | 0 |
| Ollies Bargain Outlet Holdings Inc. | Ordinary Shares | 681116109 |  | 216739 | 1688 | SH |  | SOLE |  | 1688 | 0 | 0 |
| Palo Alto Networks Inc | Ordinary Shares | 697435105 |  | 10822810 | 53152 | SH |  | SOLE |  | 53152 | 0 | 0 |
| Paychex Inc | Ordinary Shares | 704326107 |  | 3054536 | 24097 | SH |  | SOLE |  | 24097 | 0 | 0 |
| Paypal Holdings Inc. | Ordinary Shares | 70450Y103 |  | 4416035 | 65852 | SH |  | SOLE |  | 65852 | 0 | 0 |
| Penumbra Inc. | Ordinary Shares | 70975L107 |  | 2312558 | 9129 | SH |  | SOLE |  | 9129 | 0 | 0 |
| Performance Food Group Co. | Ordinary Shares | 71377A103 |  | 4479650 | 43057 | SH |  | SOLE |  | 43057 | 0 | 0 |
| Pinterest Inc | Ordinary Shares | 72352L106 |  | 748306 | 23261 | SH |  | SOLE |  | 23261 | 0 | 0 |
| Pure Storage Inc | Ordinary Shares | 74624M102 |  | 800553 | 9552 | SH |  | SOLE |  | 9552 | 0 | 0 |
| Q2 Holdings Inc | Ordinary Shares | 74736L109 |  | 1702830 | 23523 | SH |  | SOLE |  | 23523 | 0 | 0 |
| Quest Diagnostics Incorporated | Ordinary Shares | 74834L100 |  | 347046 | 1821 | SH |  | SOLE |  | 1821 | 0 | 0 |
| QXO Inc | Ordinary Shares | 82846H405 |  | 8631016 | 452834 | SH |  | SOLE |  | 452834 | 0 | 0 |
| Rentokil Initial PLC | American Depository Receipts | 760125104 |  | 2817067 | 111567 | SH |  | SOLE |  | 111567 | 0 | 0 |
| ResMed Inc. | Ordinary Shares | 761152107 |  | 3231109 | 11804 | SH |  | SOLE |  | 11804 | 0 | 0 |
| Roblox Corporation | Ordinary Shares | 771049103 |  | 6626381 | 47837 | SH |  | SOLE |  | 47837 | 0 | 0 |
| Rocket Companies Inc | Ordinary Shares | 77311W101 |  | 662699 | 34195 | SH |  | SOLE |  | 34195 | 0 | 0 |
| Rocket Lab Corp. | Ordinary Shares | 773121108 |  | 375854 | 7845 | SH |  | SOLE |  | 7845 | 0 | 0 |
| Roku Inc | Ordinary Shares | 77543R102 |  | 399719 | 3992 | SH |  | SOLE |  | 3992 | 0 | 0 |
| Rollins Inc | Ordinary Shares | 775711104 |  | 943071 | 16055 | SH |  | SOLE |  | 16055 | 0 | 0 |
| RPM International Inc. | Ordinary Shares | 749685103 |  | 439457 | 3728 | SH |  | SOLE |  | 3728 | 0 | 0 |
| RXO Inc. | Ordinary Shares | 74982T103 |  | 2125501 | 138199 | SH |  | SOLE |  | 138199 | 0 | 0 |
| Salesforce Inc. | Ordinary Shares | 79466L302 |  | 23966388 | 101124 | SH |  | SOLE |  | 101124 | 0 | 0 |
| Samsara Inc | Ordinary Shares | 79589L106 |  | 604120 | 16218 | SH |  | SOLE |  | 16218 | 0 | 0 |
| SBA Communications Corp. | Ordinary Shares | 78410G104 |  | 10700956 | 55345 | SH |  | SOLE |  | 55345 | 0 | 0 |
| Servicenow Inc | Ordinary Shares | 81762P102 |  | 15411009 | 16746 | SH |  | SOLE |  | 16746 | 0 | 0 |
| Siteone Landscape Supply Inc | Ordinary Shares | 82982L103 |  | 5908185 | 45871 | SH |  | SOLE |  | 45871 | 0 | 0 |
| Sitime Corporation | Ordinary Shares | 82982T106 |  | 3844414 | 12759 | SH |  | SOLE |  | 12759 | 0 | 0 |
| Snowflake Inc | Ordinary Shares | 833445109 |  | 5272231 | 23375 | SH |  | SOLE |  | 23375 | 0 | 0 |
| Sofi Technologies Inc | Ordinary Shares | 83406F102 |  | 514530 | 19475 | SH |  | SOLE |  | 19475 | 0 | 0 |
| Solventum Corp. | Ordinary Shares | 83444M101 |  | 336822 | 4614 | SH |  | SOLE |  | 4614 | 0 | 0 |
| SS Technologies Holdings Inc. | Ordinary Shares | 78467J100 |  | 352999 | 3977 | SH |  | SOLE |  | 3977 | 0 | 0 |
| STAG Industrial Inc. | Ordinary Shares | 85254J102 |  | 1770605 | 50173 | SH |  | SOLE |  | 50173 | 0 | 0 |
| Starbucks Corp. | Ordinary Shares | 855244109 |  | 6623588 | 78293 | SH |  | SOLE |  | 78293 | 0 | 0 |
| StoneX Group Inc | Ordinary Shares | 861896108 |  | 27787313 | 275340 | SH |  | SOLE |  | 275340 | 0 | 0 |
| Synopsys Inc | Ordinary Shares | 871607107 |  | 6304537 | 12778 | SH |  | SOLE |  | 12778 | 0 | 0 |
| Sysco Corporation | Ordinary Shares | 871829107 |  | 1113731 | 13526 | SH |  | SOLE |  | 13526 | 0 | 0 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | American Depository Receipts | 874039100 |  | 11762578 | 42116 | SH |  | SOLE |  | 42116 | 0 | 0 |
| Take-Two Interactive Software Inc. | Ordinary Shares | 874054109 |  | 3289181 | 12731 | SH |  | SOLE |  | 12731 | 0 | 0 |
| Tesla Inc | Ordinary Shares | 88160R101 |  | 44186045 | 99357 | SH |  | SOLE |  | 99357 | 0 | 0 |
| Textron Inc. | Ordinary Shares | 883203101 |  | 245190 | 2902 | SH |  | SOLE |  | 2902 | 0 | 0 |
| The Charles Schwab Corporation | Ordinary Shares | 808513105 |  | 11963823 | 125315 | SH |  | SOLE |  | 125315 | 0 | 0 |
| The Cooper Companies Inc. | Ordinary Shares | 216648501 |  | 2565310 | 37417 | SH |  | SOLE |  | 37417 | 0 | 0 |
| The New York Times Company | Ordinary Shares | 650111107 |  | 278620 | 4854 | SH |  | SOLE |  | 4854 | 0 | 0 |
| The Progressive Corporation | Ordinary Shares | 743315103 |  | 9989128 | 40450 | SH |  | SOLE |  | 40450 | 0 | 0 |
| The Sherwin-Williams Company | Ordinary Shares | 824348106 |  | 7143690 | 20631 | SH |  | SOLE |  | 20631 | 0 | 0 |
| The TJX Companies Inc. | Ordinary Shares | 872540109 |  | 13275999 | 91850 | SH |  | SOLE |  | 91850 | 0 | 0 |
| The Toro Company | Ordinary Shares | 891092108 |  | 211912 | 2781 | SH |  | SOLE |  | 2781 | 0 | 0 |
| The Trade Desk Inc | Ordinary Shares | 88339J105 |  | 1918987 | 39155 | SH |  | SOLE |  | 39155 | 0 | 0 |
| T-Mobile US Inc | Ordinary Shares | 872590104 |  | 18595757 | 77683 | SH |  | SOLE |  | 77683 | 0 | 0 |
| Toast Inc | Ordinary Shares | 888787108 |  | 10904113 | 298661 | SH |  | SOLE |  | 298661 | 0 | 0 |
| Topbuild Corporation | Ordinary Shares | 89055F103 |  | 300180 | 768 | SH |  | SOLE |  | 768 | 0 | 0 |
| Tractor Supply Co | Ordinary Shares | 892356106 |  | 6116767 | 107557 | SH |  | SOLE |  | 107557 | 0 | 0 |
| Transdigm Group Inc. | Ordinary Shares | 893641100 |  | 5125780 | 3889 | SH |  | SOLE |  | 3889 | 0 | 0 |
| Trex Company Inc. | Ordinary Shares | 89531P105 |  | 1417515 | 27434 | SH |  | SOLE |  | 27434 | 0 | 0 |
| Truist Financial Corp. | Ordinary Shares | 89832Q109 |  | 4071092 | 89044 | SH |  | SOLE |  | 89044 | 0 | 0 |
| Twilio Inc | Ordinary Shares | 90138F102 |  | 250125 | 2499 | SH |  | SOLE |  | 2499 | 0 | 0 |
| Tyler Technologies Inc. | Ordinary Shares | 902252105 |  | 6990464 | 13362 | SH |  | SOLE |  | 13362 | 0 | 0 |
| Uber Technologies Inc | Ordinary Shares | 90353T100 |  | 14099548 | 143917 | SH |  | SOLE |  | 143917 | 0 | 0 |
| Ubiquiti Inc | Ordinary Shares | 90353W103 |  | 651332 | 986 | SH |  | SOLE |  | 986 | 0 | 0 |
| UFP Technologies Inc. | Ordinary Shares | 902673102 |  | 2196598 | 11005 | SH |  | SOLE |  | 11005 | 0 | 0 |
| Ulta Beauty Inc | Ordinary Shares | 90384S303 |  | 774198 | 1416 | SH |  | SOLE |  | 1416 | 0 | 0 |
| Ultragenyx Pharmaceuticals Inc | Ordinary Shares | 90400D108 |  | 2484608 | 82600 | SH |  | SOLE |  | 82600 | 0 | 0 |
| Under Armour Inc. | Ordinary Shares | 904311107 |  | 66242 | 13275 | SH |  | SOLE |  | 13275 | 0 | 0 |
| Union Pacific Corporation | Ordinary Shares | 907818108 |  | 11087644 | 46908 | SH |  | SOLE |  | 46908 | 0 | 0 |
| Unity Software Inc | Ordinary Shares | 91332U101 |  | 275475 | 6880 | SH |  | SOLE |  | 6880 | 0 | 0 |
| Veeva Systems Inc | Ordinary Shares | 922475108 |  | 3370554 | 11314 | SH |  | SOLE |  | 11314 | 0 | 0 |
| Veralto Corp. | Ordinary Shares | 92338C103 |  | 430811 | 4041 | SH |  | SOLE |  | 4041 | 0 | 0 |
| Verra Mobility Corporation | Ordinary Shares | 92511U102 |  | 2458440 | 99532 | SH |  | SOLE |  | 99532 | 0 | 0 |
| Vertex Pharmaceuticals Incorporated | Ordinary Shares | 92532F100 |  | 6931245 | 17698 | SH |  | SOLE |  | 17698 | 0 | 0 |
| Visa Inc | Ordinary Shares | 92826C839 |  | 50283567 | 147295 | SH |  | SOLE |  | 147295 | 0 | 0 |
| Wabtec Corp | Ordinary Shares | 929740108 |  | 558108 | 2784 | SH |  | SOLE |  | 2784 | 0 | 0 |
| Walmart Inc | Ordinary Shares | 931142103 |  | 61687181 | 598556 | SH |  | SOLE |  | 598556 | 0 | 0 |
| Walt Disney Company | Ordinary Shares | 254687106 |  | 14211626 | 124119 | SH |  | SOLE |  | 124119 | 0 | 0 |
| Warner Bros. Discovery Inc. | Ordinary Shares | 934423104 |  | 3272740 | 167575 | SH |  | SOLE |  | 167575 | 0 | 0 |
| Waste Connections Inc (CA) Inc | Ordinary Shares | 94106B101 |  | 15749395 | 89587 | SH |  | SOLE |  | 89587 | 0 | 0 |
| Waste Management Inc. | Ordinary Shares | 94106L109 |  | 7025265 | 31813 | SH |  | SOLE |  | 31813 | 0 | 0 |
| Waters Corporation | Ordinary Shares | 941848103 |  | 10434587 | 34804 | SH |  | SOLE |  | 34804 | 0 | 0 |
| Watsco Inc | Ordinary Shares | 942622200 |  | 15508948 | 38360 | SH |  | SOLE |  | 38360 | 0 | 0 |
| West Pharmaceutical Services Incorporated | Ordinary Shares | 955306105 |  | 5391406 | 20552 | SH |  | SOLE |  | 20552 | 0 | 0 |
| Williams-Sonoma Inc. | Ordinary Shares | 969904101 |  | 751114 | 3843 | SH |  | SOLE |  | 3843 | 0 | 0 |
| Wingstop Inc | Ordinary Shares | 974155103 |  | 2134750 | 8482 | SH |  | SOLE |  | 8482 | 0 | 0 |
| Workday Inc | Ordinary Shares | 98138H101 |  | 5138863 | 21347 | SH |  | SOLE |  | 21347 | 0 | 0 |
| XPO Inc | Ordinary Shares | 983793100 |  | 247811 | 1917 | SH |  | SOLE |  | 1917 | 0 | 0 |
| Yum China Holdings Inc. | Ordinary Shares | 98850P109 |  | 8925815 | 207964 | SH |  | SOLE |  | 207964 | 0 | 0 |
| Zebra Technologies Corporation | Ordinary Shares | 989207105 |  | 246048 | 828 | SH |  | SOLE |  | 828 | 0 | 0 |
| Zillow Group Inc | Ordinary Shares | 98954M200 |  | 301497 | 3913 | SH |  | SOLE |  | 3913 | 0 | 0 |
| Zoom Communications Inc. | Ordinary Shares | 98980L101 |  | 1699748 | 20603 | SH |  | SOLE |  | 20603 | 0 | 0 |
| Zscaler Inc | Ordinary Shares | 98980G102 |  | 3272287 | 10920 | SH |  | SOLE |  | 10920 | 0 | 0 |

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