# EDGAR Filing Document

**Accession Number:** 0000822632
**File Stem:** 0001752724-23-029959
**Filing Date:** 2023-2
**Character Count:** 29425
**Document Hash:** 446c2149f14d551bedc21678d2ebd0df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-029959.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-029959

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WILLIAM BLAIR FUNDS
- **CENTRAL INDEX KEY:** 0000822632
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05344
- **FILM NUMBER:** 23645628

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

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2014274280.77

**Total Liabilities:** $2258757.94

**Net Assets:** $2012015522.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000211721 | 7.51%                | 6.46%                | -4.75%               |
| Class ID C000023542 | 7.46%                | 6.45%                | -4.79%               |
| Class ID C000023543 | 7.49%                | 6.44%                | -4.76%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $18674133.67             | $132041655.49                              |
| Month 2  | $10192384.42             | $123898082.76                              |
| Month 3  | $33981923.05             | $-135231302.80                             |

### 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        |    803692 | NS      | $17890183.92  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc | Charles River Laboratories International Inc | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |    114137 | NS      | $24870452.30  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                             | Pure Storage Inc                             | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    727448 | NS      | $19466508.48  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                | Dynatrace Inc                                | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    827886 | NS      | $31708033.80  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Lancaster Colony Corp                        | Lancaster Colony Corp                        | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |    155000 | NS      | $30581500.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                    | Pool Corp                                    | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |    105500 | NS      | $31895815.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                  | Trex Co Inc                                  | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    524821 | NS      | $22215672.93  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc                          | Virtu Financial Inc                          | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |   1426736 | NS      | $29119681.76  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                | Advanced Drainage Systems Inc                | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |    250400 | NS      | $20525288.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| National Instruments Corp                    | National Instruments Corp                    | CUSIP: 636518102<br>LEI: 549300TP4OOPCYWDUP86 | Long             | EC               | CORP              | US        |    788051 | NS      | $29079081.90  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                | Repligen Corp                                | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |    123500 | NS      | $20909785.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Leslie's Inc                                 | Leslie's Inc                                 | CUSIP: 527064109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1859474 | NS      | $22704177.54  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                           | Planet Fitness Inc                           | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |    389400 | NS      | $30684720.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                        | Burlington Stores Inc                        | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |    121061 | NS      | $24546328.36  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc                    | Merit Medical Systems Inc                    | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |    550226 | NS      | $38856960.12  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                   | FIXED INC CLEARING CORP.REPO                 | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  50721352 | PA      | $50721352.05  | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| National Vision Holdings Inc                 | National Vision Holdings Inc                 | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |   1032962 | NS      | $40037607.12  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Mobile Mini Holdings Corp           | WillScot Mobile Mini Holdings Corp           | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    341300 | NS      | $15416521.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                | Lincoln Electric Holdings Inc                | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |    116235 | NS      | $16794795.15  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp                     | Fox Factory Holding Corp                     | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |    264706 | NS      | $24149128.38  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PagerDuty Inc                                | PagerDuty Inc                                | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |    885320 | NS      | $23514099.20  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                           | Crown Holdings Inc                           | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |    485787 | NS      | $39936549.27  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                        | Carlyle Group Inc/The                        | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |    522900 | NS      | $15603336.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                    | Halozyme Therapeutics Inc                    | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    584177 | NS      | $33239671.30  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                               | Brink's Co/The                               | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |    654916 | NS      | $35175538.36  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc                  | Inspire Medical Systems Inc                  | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |    145242 | NS      | $36583554.96  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA ABIOMED INC                           | CONTRA ABIOMED INC                           | CUSIP: 003CVR016<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80133 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Western Alliance Bancorp                     | Western Alliance Bancorp                     | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |    431582 | NS      | $25705023.92  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                                 | Insulet Corp                                 | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     62446 | NS      | $18383477.94  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                                 | Penumbra Inc                                 | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |    193759 | NS      | $43103627.14  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                          | Axon Enterprise Inc                          | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |    298748 | NS      | $49571255.64  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corp                        | Twist Bioscience Corp                        | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |    335373 | NS      | $7985231.13   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                          | Varonis Systems Inc                          | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |   1105332 | NS      | $26461648.08  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                                  | MongoDB Inc                                  | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     77500 | NS      | $15255100.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                         | Ares Management Corp                         | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |    323240 | NS      | $22122545.60  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                                     | Nice Ltd                                     | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |    137768 | NS      | $26492786.40  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                       | Guidewire Software Inc                       | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |    295655 | NS      | $18496176.80  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                | Martin Marietta Materials Inc                | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |    104096 | NS      | $35181325.12  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                         | BWX Technologies Inc                         | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |   1007852 | NS      | $58536044.16  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                           | Globus Medical Inc                           | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |    314395 | NS      | $23350116.65  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc                   | SolarEdge Technologies Inc                   | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |    121541 | NS      | $34428919.07  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                  | Cameco Corp                                  | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |   1660262 | NS      | $37638139.54  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                 | Entegris Inc                                 | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |    290476 | NS      | $19052320.84  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                  | Cognex Corp                                  | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |    406247 | NS      | $19138296.17  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Blueprint Medicines Corp                     | Blueprint Medicines Corp                     | CUSIP: 09627Y109<br>LEI: 5299004CC60O9T5HVM83 | Long             | EC               | CORP              | US        |    177904 | NS      | $7793974.24   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                               | TechnipFMC PLC                               | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |   3153900 | NS      | $38446041.00  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella Inc                                | Ambarella Inc                                | CUSIP: 000000000<br>LEI: 254900XN7F4DG0CEKC02 | Long             | EC               | CORP              | KY        |    220900 | NS      | $18164607.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                  | Chemed Corp                                  | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     91284 | NS      | $46594092.12  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Denbury Inc                                  | Denbury Inc                                  | CUSIP: 24790A101<br>LEI: 549300KCWA5W52MS5559 | Long             | EC               | CORP              | US        |    240985 | NS      | $20970514.70  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                  | Novanta Inc                                  | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    188754 | NS      | $25646005.98  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc                          | MKS Instruments Inc                          | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |    158865 | NS      | $13460631.45  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                        | Euronet Worldwide Inc                        | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |    416180 | NS      | $39279068.40  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                   | Insmed Inc                                   | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    595151 | NS      | $11891116.98  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc                | Live Nation Entertainment Inc                | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |    237212 | NS      | $16543164.88  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed Inc                                | Wolfspeed Inc                                | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |    186413 | NS      | $12869953.52  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                     | Acadia Healthcare Co Inc                     | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    421880 | NS      | $34729161.60  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc                    | Casella Waste Systems Inc                    | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |    301361 | NS      | $23900940.91  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                   | CF Industries Holdings Inc                   | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    271431 | NS      | $23125921.20  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                   | Azenta Inc                                   | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |    255016 | NS      | $14847031.52  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                             | HealthEquity Inc                             | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |    555508 | NS      | $34241513.12  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| New Fortress Energy Inc                      | New Fortress Energy Inc                      | CUSIP: 644393100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    574512 | NS      | $24370799.04  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara Inc                                  | Certara Inc                                  | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    928274 | NS      | $14917363.18  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                   | HEICO Corp                                   | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |    198856 | NS      | $23832891.60  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                     | Builders FirstSource Inc                     | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |    740215 | NS      | $48025149.20  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                        | Encompass Health Corp                        | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    714100 | NS      | $42710321.00  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                                 | Freshpet Inc                                 | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |    258600 | NS      | $13646322.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc                | Shoals Technologies Group Inc                | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    676330 | NS      | $16685061.10  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                 | Wyndham Hotels & Resorts Inc                 | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |    542845 | NS      | $38710276.95  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp                            | FirstService Corp                            | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |    153968 | NS      | $18868778.40  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co                    | Performance Food Group Co                    | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |    757895 | NS      | $44253489.05  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                          | Mercury Systems Inc                          | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |    846001 | NS      | $37850084.74  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                         | Chart Industries Inc                         | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |    261187 | NS      | $30096578.01  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources Inc                       | Whitecap Resources Inc                       | CUSIP: 96467A200<br>LEI: 5493004AMPGZA0JO5Q37 | Long             | EC               | CORP              | CA        |   3714000 | NS      | $29526300.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc                       | Alarm.com Holdings Inc                       | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |    392641 | NS      | $19427876.68  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                                  | Genpact Ltd                                  | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |    419800 | NS      | $19445136.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-19

**Name of Applicant:** WILLIAM BLAIR FUNDS

**Signature:** John Raczek

**Name of Signer:** John Raczek

**Title:** Principal Financial Officer