# EDGAR Filing Document

**Accession Number:** 0001544204
**File Stem:** 0001544204-25-000003
**Filing Date:** 2025-8
**Character Count:** 24239
**Document Hash:** 96bba450a5f5fe66ae40274570821d81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001544204-25-000003.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0001544204-25-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250819

**DATE AS OF CHANGE**: 20250819

**EFFECTIVENESS DATE**: 20250819

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Liontrust Investment Partners LLP
- **CENTRAL INDEX KEY:** 0001544204

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20650
- **FILM NUMBER:** 251229634

**BUSINESS ADDRESS:**
- **STREET 1:** 2 SAVOY COURT
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** WC2R 0EZ
- **BUSINESS PHONE:** 00442074121752

**MAIL ADDRESS:**
- **STREET 1:** 2 SAVOY COURT
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** WC2R 0EZ

### 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:** Liontrust Investment Partners LLP<br>**Address:** 2 SAVOY COURT<br>LONDON, X0 WC2R 0EZ

**Form 13F File Number:** 028-20650

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:** Matthew Hambly<br>**Title:** Compliance Manager<br>**Phone:** 00442039088836

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

Matthew Hambly  London, X0  08-19-2025<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:** 200

**Form 13F Information Table Value Total:** $6987128591

      (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 |
| ADOBE INC | EQUITY | 00724F101 |  | 953272 | 2464 | SH |  | SOLE | 0 | 2464 | 0 | 0 |
| ADVANCED DRAINAGE SYSTEMS INC | EQUITY | 00790R104 |  | 75902934 | 660830 | SH |  | SOLE | 0 | 660830 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | EQUITY | 007903107 |  | 5714171 | 40269 | SH |  | SOLE | 0 | 40269 | 0 | 0 |
| AFFIRM HOLDINGS INC CLASS A | EQUITY | 00827B106 |  | 2476802 | 35823 | SH |  | SOLE | 0 | 35823 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | EQUITY | 00846U101 |  | 95529359 | 811207 | SH |  | SOLE | 0 | 811207 | 0 | 0 |
| AGNICO EAGLE MINES LTD | EQUITY | 008474108 |  | 18012067 | 151451 | SH |  | SOLE | 0 | 151451 | 0 | 0 |
| AIRBNB INC CLASS A | EQUITY | 009066101 |  | 10383264 | 78459 | SH |  | SOLE | 0 | 78459 | 0 | 0 |
| ALIBABA GROUP HOLDING ADR REPRESEN | EQUITY | 01609W102 |  | 13676452 | 120593 | SH |  | SOLE | 0 | 120593 | 0 | 0 |
| ALIGN TECHNOLOGY INC | EQUITY | 016255101 |  | 928285 | 4903 | SH |  | SOLE | 0 | 4903 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | EQUITY | 02043Q107 |  | 4163843 | 12769 | SH |  | SOLE | 0 | 12769 | 0 | 0 |
| ALPHABET INC CLASS A | EQUITY | 02079K305 |  | 206811368 | 1173531 | SH |  | SOLE | 0 | 1173531 | 0 | 0 |
| ALPHABET INC CLASS C | EQUITY | 02079K107 |  | 9448146 | 53262 | SH |  | SOLE | 0 | 53262 | 0 | 0 |
| AMAZON COM INC | EQUITY | 023135106 |  | 26225442 | 119538 | SH |  | SOLE | 0 | 119538 | 0 | 0 |
| AMERICAN TOWER REIT CORP | EQUITY | 03027X100 |  | 135998468 | 615322 | SH |  | SOLE | 0 | 615322 | 0 | 0 |
| AMPHENOL CORP CLASS A | EQUITY | 032095101 |  | 21729641 | 220047 | SH |  | SOLE | 0 | 220047 | 0 | 0 |
| APOLLO GLOBAL MANAGEMENT INC | EQUITY | 03769M106 |  | 10073905 | 71008 | SH |  | SOLE | 0 | 71008 | 0 | 0 |
| APPLE INC | EQUITY | 037833100 |  | 8036509 | 39170 | SH |  | SOLE | 0 | 39170 | 0 | 0 |
| APPLIED MATERIAL INC | EQUITY | 038222105 |  | 30710359 | 167752 | SH |  | SOLE | 0 | 167752 | 0 | 0 |
| APPLOVIN CORP CLASS A | EQUITY | 03831W108 |  | 4328039 | 12363 | SH |  | SOLE | 0 | 12363 | 0 | 0 |
| ARIS WATER SOLUTIONS INC CLASS A | EQUITY | 04041L106 |  | 515097 | 21780 | SH |  | SOLE | 0 | 21780 | 0 | 0 |
| ARISTA NETWORKS INC | EQUITY | 040413205 |  | 5819290 | 56879 | SH |  | SOLE | 0 | 56879 | 0 | 0 |
| ARM HOLDINGS AMERICAN DEPOSITARY S | EQUITY | 042068205 |  | 28775002 | 177909 | SH |  | SOLE | 0 | 177909 | 0 | 0 |
| ASTERA LABS INC | EQUITY | 04626A103 |  | 4733397 | 52349 | SH |  | SOLE | 0 | 52349 | 0 | 0 |
| ATLAS ENERGY SOLUTIONS INC | EQUITY | 642045108 |  | 14378098 | 1075400 | SH |  | SOLE | 0 | 1075400 | 0 | 0 |
| ATLASSIAN CORP CLASS A | EQUITY | 049468101 |  | 9492427 | 46740 | SH |  | SOLE | 0 | 46740 | 0 | 0 |
| AUTODESK INC | EQUITY | 052769106 |  | 127355241 | 411394 | SH |  | SOLE | 0 | 411394 | 0 | 0 |
| AUTOHOME ADS REPRESENTING  INC CLA | EQUITY | 05278C107 |  | 120078 | 4656 | SH |  | SOLE | 0 | 4656 | 0 | 0 |
| BANCO DE CHILE ADR REPRESENTING | EQUITY | 059520106 |  | 699660 | 23000 | SH |  | SOLE | 0 | 23000 | 0 | 0 |
| BARRICK MINING CORP | EQUITY | 06849F108 |  | 12059673 | 579235 | SH |  | SOLE | 0 | 579235 | 0 | 0 |
| BECTON DICKINSON | EQUITY | 075887109 |  | 107905840 | 626449 | SH |  | SOLE | 0 | 626449 | 0 | 0 |
| BENTLEY SYSTEMS INC CLASS B | EQUITY | 08265T208 |  | 476339 | 8826 | SH |  | SOLE | 0 | 8826 | 0 | 0 |
| BLACKROCK INC | EQUITY | 09290D101 |  | 9418068 | 8976 | SH |  | SOLE | 0 | 8976 | 0 | 0 |
| BLACKSTONE INC | EQUITY | 09260D107 |  | 4547681 | 30403 | SH |  | SOLE | 0 | 30403 | 0 | 0 |
| BLOCK INC CLASS A | EQUITY | 852234103 |  | 10611889 | 156218 | SH |  | SOLE | 0 | 156218 | 0 | 0 |
| BOOKING HOLDINGS INC | EQUITY | 09857L108 |  | 118557846 | 20479 | SH |  | SOLE | 0 | 20479 | 0 | 0 |
| BRADY NONVOTING  CORP CLASS A | EQUITY | 104674106 |  | 740737 | 10898 | SH |  | SOLE | 0 | 10898 | 0 | 0 |
| BRIGHT HORIZONS FAMILY SOLUTIONS I | EQUITY | 109194100 |  | 71935683 | 582051 | SH |  | SOLE | 0 | 582051 | 0 | 0 |
| BROADCOM INC | EQUITY | 11135F101 |  | 76319491 | 276871 | SH |  | SOLE | 0 | 276871 | 0 | 0 |
| BRUKER CORP | EQUITY | 116794108 |  | 195370 | 4742 | SH |  | SOLE | 0 | 4742 | 0 | 0 |
| BUENAVENTURA ADR REPRESENTING | EQUITY | 204448104 |  | 689640 | 42000 | SH |  | SOLE | 0 | 42000 | 0 | 0 |
| C3 AI INC CLASS A | EQUITY | 12468P104 |  | 3208080 | 130569 | SH |  | SOLE | 0 | 130569 | 0 | 0 |
| CADENCE DESIGN SYSTEMS INC | EQUITY | 127387108 |  | 216262752 | 701810 | SH |  | SOLE | 0 | 701810 | 0 | 0 |
| CADRE HOLDINGS INC | EQUITY | 12763L105 |  | 641778 | 20150 | SH |  | SOLE | 0 | 20150 | 0 | 0 |
| CBOE GLOBAL MARKETS INC | EQUITY | 12503M108 |  | 21282745 | 91260 | SH |  | SOLE | 0 | 91260 | 0 | 0 |
| CENTENE CORP | EQUITY | 15135B101 |  | 3478480 | 64084 | SH |  | SOLE | 0 | 64084 | 0 | 0 |
| CHARLES SCHWAB CORP | EQUITY | 808513105 |  | 137614464 | 1508269 | SH |  | SOLE | 0 | 1508269 | 0 | 0 |
| CHIME FINANCIAL INC CLASS A | EQUITY | 16935C109 |  | 694928 | 20137 | SH |  | SOLE | 0 | 20137 | 0 | 0 |
| CHOICE HOTELS INTERNATIONAL INC | EQUITY | 169905106 |  | 621443 | 4909 | SH |  | SOLE | 0 | 4909 | 0 | 0 |
| CIRCLE INTERNET GROUP INC CLASS A | EQUITY | 172573107 |  | 510875 | 2818 | SH |  | SOLE | 0 | 2818 | 0 | 0 |
| CLOUDFLARE INC CLASS A | EQUITY | 18915M107 |  | 23005129 | 117475 | SH |  | SOLE | 0 | 117475 | 0 | 0 |
| COINBASE GLOBAL INC CLASS A | EQUITY | 19260Q107 |  | 29110998 | 83058 | SH |  | SOLE | 0 | 83058 | 0 | 0 |
| CONSTELLATION ENERGY CORP | EQUITY | 21037T109 |  | 22719076 | 70390 | SH |  | SOLE | 0 | 70390 | 0 | 0 |
| CORE  MAIN INC CLASS A | EQUITY | 21874C102 |  | 120265480 | 1992800 | SH |  | SOLE | 0 | 1992800 | 0 | 0 |
| COREWEAVE INC CLASS A | EQUITY | 21873S108 |  | 5691772 | 34906 | SH |  | SOLE | 0 | 34906 | 0 | 0 |
| COSTAR GROUP INC | EQUITY | 22160N109 |  | 2277250 | 28324 | SH |  | SOLE | 0 | 28324 | 0 | 0 |
| COSTCO WHOLESALE CORP | EQUITY | 22160K105 |  | 19732474 | 19933 | SH |  | SOLE | 0 | 19933 | 0 | 0 |
| CROWDSTRIKE HOLDINGS INC CLASS A | EQUITY | 22788C105 |  | 19168391 | 37636 | SH |  | SOLE | 0 | 37636 | 0 | 0 |
| DANAHER CORP | EQUITY | 235851102 |  | 23908464 | 121031 | SH |  | SOLE | 0 | 121031 | 0 | 0 |
| DELL TECHNOLOGIES INC CLASS C | EQUITY | 24703L202 |  | 16734410 | 136496 | SH |  | SOLE | 0 | 136496 | 0 | 0 |
| DEXCOM INC | EQUITY | 252131107 |  | 9074581 | 103959 | SH |  | SOLE | 0 | 103959 | 0 | 0 |
| DONNELLEY FINANCIAL SOLUTIONS INC | EQUITY | 25787G100 |  | 549055 | 8906 | SH |  | SOLE | 0 | 8906 | 0 | 0 |
| DOXIMITY INC CLASS A | EQUITY | 26622P107 |  | 16688467 | 272065 | SH |  | SOLE | 0 | 272065 | 0 | 0 |
| EBAY INC | EQUITY | 278642103 |  | 33232317 | 446311 | SH |  | SOLE | 0 | 446311 | 0 | 0 |
| ECOLAB INC | EQUITY | 278865100 |  | 127736115 | 474080 | SH |  | SOLE | 0 | 474080 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | EQUITY | 28176E108 |  | 112036529 | 1432509 | SH |  | SOLE | 0 | 1432509 | 0 | 0 |
| ELEVANCE HEALTH INC | EQUITY | 036752103 |  | 8755490 | 22510 | SH |  | SOLE | 0 | 22510 | 0 | 0 |
| ELI LILLY | EQUITY | 532457108 |  | 42920922 | 55060 | SH |  | SOLE | 0 | 55060 | 0 | 0 |
| EXELON CORP | EQUITY | 30161N101 |  | 2807798 | 64666 | SH |  | SOLE | 0 | 64666 | 0 | 0 |
| EXPEDIA GROUP INC | EQUITY | 30212P303 |  | 10692794 | 63391 | SH |  | SOLE | 0 | 63391 | 0 | 0 |
| FAIR ISAAC CORP | EQUITY | 303250104 |  | 9799694 | 5361 | SH |  | SOLE | 0 | 5361 | 0 | 0 |
| FERGUSON ENTERPRISES INC | EQUITY | 31488V107 |  | 2369773 | 10883 | SH |  | SOLE | 0 | 10883 | 0 | 0 |
| FERGUSON ENTERPRISES INC | EQUITY | 31488V107 |  | 118698304 | 544089 | SH |  | SOLE | 0 | 544089 | 0 | 0 |
| FULL TRUCK ALLIANCE  ADR LTD CLASS | EQUITY | 35969L108 |  | 10492311 | 888426 | SH |  | SOLE | 0 | 888426 | 0 | 0 |
| GARTNER INC | EQUITY | 366651107 |  | 608351 | 1505 | SH |  | SOLE | 0 | 1505 | 0 | 0 |
| GE VERNOVA INC | EQUITY | 36828A101 |  | 7427679 | 14037 | SH |  | SOLE | 0 | 14037 | 0 | 0 |
| GRUPO CIBEST AMERICAN DEPOSITARY S | EQUITY | 40090E106 |  | 392615 | 8500 | SH |  | SOLE | 0 | 8500 | 0 | 0 |
| H BLOCK INC | EQUITY | 093671105 |  | 15192235 | 276776 | SH |  | SOLE | 0 | 276776 | 0 | 0 |
| HAMILTON LANE INC CLASS A | EQUITY | 407497106 |  | 410585 | 2889 | SH |  | SOLE | 0 | 2889 | 0 | 0 |
| HUBSPOT INC | EQUITY | 443573100 |  | 3922572 | 7047 | SH |  | SOLE | 0 | 7047 | 0 | 0 |
| ICICI BANK ADR REP  LTD | EQUITY | 45104G104 |  | 8989987 | 267241 | SH |  | SOLE | 0 | 267241 | 0 | 0 |
| IDEXX LABORATORIES INC | EQUITY | 45168D104 |  | 94170577 | 175580 | SH |  | SOLE | 0 | 175580 | 0 | 0 |
| INGERSOLL RAND INC | EQUITY | 45687V106 |  | 81628111 | 981343 | SH |  | SOLE | 0 | 981343 | 0 | 0 |
| INSTALLED BUILDING PRODUCTS INC | EQUITY | 45780R101 |  | 1455002 | 8069 | SH |  | SOLE | 0 | 8069 | 0 | 0 |
| INTERPARFUMS INC | EQUITY | 458334109 |  | 861919 | 6564 | SH |  | SOLE | 0 | 6564 | 0 | 0 |
| INTUIT INC | EQUITY | 461202103 |  | 171522973 | 217771 | SH |  | SOLE | 0 | 217771 | 0 | 0 |
| INTUITIVE SURGICAL INC | EQUITY | 46120E602 |  | 127447034 | 234532 | SH |  | SOLE | 0 | 234532 | 0 | 0 |
| IRADIMED CORP | EQUITY | 46266A109 |  | 2329060 | 38954 | SH |  | SOLE | 0 | 38954 | 0 | 0 |
| ITAU UNIBANCO HOLDING ADR REP  PRE | EQUITY | 465562106 |  | 2037000 | 300000 | SH |  | SOLE | 0 | 300000 | 0 | 0 |
| KLA CORP | EQUITY | 482480100 |  | 3090303 | 3450 | SH |  | SOLE | 0 | 3450 | 0 | 0 |
| KLAVIYO INC SERIES A | EQUITY | 49845K101 |  | 4360900 | 129866 | SH |  | SOLE | 0 | 129866 | 0 | 0 |
| LAM RESEARCH CORP | EQUITY | 512807306 |  | 6075768 | 62418 | SH |  | SOLE | 0 | 62418 | 0 | 0 |
| LATAM AIRLINES GROUP AMERICAN DEPO | EQUITY | 51817R205 |  | 273182 | 6722 | SH |  | SOLE | 0 | 6722 | 0 | 0 |
| LAUREATE EDUCATION INC | EQUITY | 518613203 |  | 792488 | 33896 | SH |  | SOLE | 0 | 33896 | 0 | 0 |
| LEMONADE INC | EQUITY | 52567D107 |  | 2567660 | 58609 | SH |  | SOLE | 0 | 58609 | 0 | 0 |
| MASIMO CORP | EQUITY | 574795100 |  | 119150226 | 708300 | SH |  | SOLE | 0 | 708300 | 0 | 0 |
| MASTERCARD INC CLASS A | EQUITY | 57636Q104 |  | 12144647 | 21612 | SH |  | SOLE | 0 | 21612 | 0 | 0 |
| MCCORMICK  CO NON-VOTING INC | EQUITY | 579780206 |  | 2731264 | 36023 | SH |  | SOLE | 0 | 36023 | 0 | 0 |
| MEDPACE HOLDINGS INC | EQUITY | 58506Q109 |  | 564006 | 1797 | SH |  | SOLE | 0 | 1797 | 0 | 0 |
| MERCADOLIBRE INC | EQUITY | 58733R102 |  | 35344118 | 13523 | SH |  | SOLE | 0 | 13523 | 0 | 0 |
| META PLATFORMS INC CLASS A | EQUITY | 30303M102 |  | 49288174 | 66778 | SH |  | SOLE | 0 | 66778 | 0 | 0 |
| METTLER TOLEDO INC | EQUITY | 592688105 |  | 1034928 | 881 | SH |  | SOLE | 0 | 881 | 0 | 0 |
| MICRON TECHNOLOGY INC | EQUITY | 595112103 |  | 13056119 | 105932 | SH |  | SOLE | 0 | 105932 | 0 | 0 |
| MICROSOFT CORP | EQUITY | 594918104 |  | 256399933 | 515470 | SH |  | SOLE | 0 | 515470 | 0 | 0 |
| MNTN INC CLASS A | EQUITY | 55318A108 |  | 3170363 | 144964 | SH |  | SOLE | 0 | 144964 | 0 | 0 |
| MODERNA INC | EQUITY | 60770K107 |  | 3635148 | 131756 | SH |  | SOLE | 0 | 131756 | 0 | 0 |
| MOLSON COORS BEVERAGE COMPANY CLAS | EQUITY | 60871R209 |  | 479986 | 9981 | SH |  | SOLE | 0 | 9981 | 0 | 0 |
| MONOLITHIC POWER SYSTEMS INC | EQUITY | 609839105 |  | 1665352 | 2277 | SH |  | SOLE | 0 | 2277 | 0 | 0 |
| MONSTER BEVERAGE CORP | EQUITY | 61174X109 |  | 6200483 | 98986 | SH |  | SOLE | 0 | 98986 | 0 | 0 |
| MOODYS CORP | EQUITY | 615369105 |  | 15141999 | 30188 | SH |  | SOLE | 0 | 30188 | 0 | 0 |
| MORGAN STANLEY | EQUITY | 617446448 |  | 9892457 | 70229 | SH |  | SOLE | 0 | 70229 | 0 | 0 |
| MORNINGSTAR INC | EQUITY | 617700109 |  | 123002797 | 391816 | SH |  | SOLE | 0 | 391816 | 0 | 0 |
| NASDAQ INC | EQUITY | 631103108 |  | 145553405 | 1627750 | SH |  | SOLE | 0 | 1627750 | 0 | 0 |
| NETFLIX INC | EQUITY | 64110L106 |  | 36339971 | 27137 | SH |  | SOLE | 0 | 27137 | 0 | 0 |
| NEWMONT | EQUITY | 651639106 |  | 19750490 | 339006 | SH |  | SOLE | 0 | 339006 | 0 | 0 |
| NIKE INC CLASS B | EQUITY | 654106103 |  | 14102932 | 198521 | SH |  | SOLE | 0 | 198521 | 0 | 0 |
| NVIDIA CORP | EQUITY | 67066G104 |  | 118136548 | 747747 | SH |  | SOLE | 0 | 747747 | 0 | 0 |
| NVR INC | EQUITY | 62944T105 |  | 130164872 | 17624 | SH |  | SOLE | 0 | 17624 | 0 | 0 |
| OMNICELL INC | EQUITY | 68213N109 |  | 9357550 | 318284 | SH |  | SOLE | 0 | 318284 | 0 | 0 |
| ORACLE CORP | EQUITY | 68389X105 |  | 46784415 | 213989 | SH |  | SOLE | 0 | 213989 | 0 | 0 |
| OSI SYSTEMS INC | EQUITY | 671044105 |  | 667160 | 2967 | SH |  | SOLE | 0 | 2967 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC CLASS A | EQUITY | 69608A108 |  | 6266221 | 45967 | SH |  | SOLE | 0 | 45967 | 0 | 0 |
| PALO ALTO NETWORKS INC | EQUITY | 697435105 |  | 81849042 | 399966 | SH |  | SOLE | 0 | 399966 | 0 | 0 |
| PAYLOCITY HOLDING CORP | EQUITY | 70438V106 |  | 127049884 | 701197 | SH |  | SOLE | 0 | 701197 | 0 | 0 |
| PAYPAL HOLDINGS INC | EQUITY | 70450Y103 |  | 109396142 | 1471961 | SH |  | SOLE | 0 | 1471961 | 0 | 0 |
| PDD HOLDINGS ADS INC | EQUITY | 722304102 |  | 9148331 | 87410 | SH |  | SOLE | 0 | 87410 | 0 | 0 |
| PLANET LABS CLASS A | EQUITY | 72703X106 |  | 3722086 | 610178 | SH |  | SOLE | 0 | 610178 | 0 | 0 |
| POOL CORP | EQUITY | 73278L105 |  | 1127153 | 3867 | SH |  | SOLE | 0 | 3867 | 0 | 0 |
| PROCORE TECHNOLOGIES INC | EQUITY | 74275K108 |  | 3467799 | 50684 | SH |  | SOLE | 0 | 50684 | 0 | 0 |
| PROGRESS SOFTWARE CORP | EQUITY | 743312100 |  | 669426 | 10486 | SH |  | SOLE | 0 | 10486 | 0 | 0 |
| PTC INC | EQUITY | 69370C100 |  | 116159228 | 674012 | SH |  | SOLE | 0 | 674012 | 0 | 0 |
| PURE STORAGE INC CLASS A | EQUITY | 74624M102 |  | 4898273 | 85069 | SH |  | SOLE | 0 | 85069 | 0 | 0 |
| QIFU TECHNOLOGY ADR INC | EQUITY | 88557W101 |  | 303043 | 6989 | SH |  | SOLE | 0 | 6989 | 0 | 0 |
| RECURSION PHARMACEUTICALS INC CLAS | EQUITY | 75629V104 |  | 3554073 | 702386 | SH |  | SOLE | 0 | 702386 | 0 | 0 |
| RELIANCE INC | EQUITY | 759509102 |  | 15800156 | 50335 | SH |  | SOLE | 0 | 50335 | 0 | 0 |
| REMITLY GLOBAL INC | EQUITY | 75960P104 |  | 966524 | 51493 | SH |  | SOLE | 0 | 51493 | 0 | 0 |
| ROBINHOOD MARKETS INC CLASS A | EQUITY | 770700102 |  | 3864485 | 41274 | SH |  | SOLE | 0 | 41274 | 0 | 0 |
| RYAN SPECIALTY HOLDINGS INC CLASS | EQUITY | 78351F107 |  | 650188 | 9563 | SH |  | SOLE | 0 | 9563 | 0 | 0 |
| SAILPOINT INC | EQUITY | 78781J109 |  | 4832878 | 211412 | SH |  | SOLE | 0 | 211412 | 0 | 0 |
| SEA ADS REPRESENTING LTD CLASS A | EQUITY | 81141R100 |  | 238790 | 1493 | SH |  | SOLE | 0 | 1493 | 0 | 0 |
| SERVICENOW INC | EQUITY | 81762P102 |  | 112422604 | 109352 | SH |  | SOLE | 0 | 109352 | 0 | 0 |
| SERVICETITAN INC CLASS A | EQUITY | 81764X103 |  | 2934910 | 27383 | SH |  | SOLE | 0 | 27383 | 0 | 0 |
| SHERWIN WILLIAMS | EQUITY | 824348106 |  | 12913770 | 37610 | SH |  | SOLE | 0 | 37610 | 0 | 0 |
| SHOPIFY SUBORDINATE VOTING INC CLA | EQUITY | 82509L107 |  | 1987854 | 17270 | SH |  | SOLE | 0 | 17270 | 0 | 0 |
| SHOPIFY SUBORDINATE VOTING INC CLA | EQUITY | 82509L107 |  | 27799811 | 241004 | SH |  | SOLE | 0 | 241004 | 0 | 0 |
| SNOWFLAKE INC CLASS A | EQUITY | 833445109 |  | 30192839 | 134928 | SH |  | SOLE | 0 | 134928 | 0 | 0 |
| SOUNDHOUND AI INC CLASS A | EQUITY | 836100107 |  | 2052413 | 191278 | SH |  | SOLE | 0 | 191278 | 0 | 0 |
| STARBUCKS CORP | EQUITY | 855244109 |  | 9697203 | 105830 | SH |  | SOLE | 0 | 105830 | 0 | 0 |
| SWEETGREEN INC CLASS A | EQUITY | 87043Q108 |  | 2792009 | 187635 | SH |  | SOLE | 0 | 187635 | 0 | 0 |
| T MOBILE US INC | EQUITY | 872590104 |  | 16160223 | 67826 | SH |  | SOLE | 0 | 67826 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFACTURING | EQUITY | 874039100 |  | 30632999 | 135251 | SH |  | SOLE | 0 | 135251 | 0 | 0 |
| TESLA INC | EQUITY | 88160R101 |  | 13240069 | 41680 | SH |  | SOLE | 0 | 41680 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | EQUITY | 883556102 |  | 189131682 | 466462 | SH |  | SOLE | 0 | 466462 | 0 | 0 |
| TOPBUILD CORP | EQUITY | 89055F103 |  | 121854441 | 376396 | SH |  | SOLE | 0 | 376396 | 0 | 0 |
| TRANSMEDICS GROUP INC | EQUITY | 89377M109 |  | 70187469 | 523748 | SH |  | SOLE | 0 | 523748 | 0 | 0 |
| TREX INC | EQUITY | 89531P105 |  | 76414450 | 1405194 | SH |  | SOLE | 0 | 1405194 | 0 | 0 |
| TRIMBLE INC | EQUITY | 896239100 |  | 19913066 | 262083 | SH |  | SOLE | 0 | 262083 | 0 | 0 |
| TRIP COM GROUP ADR LTD | EQUITY | 89677Q107 |  | 7723592 | 131712 | SH |  | SOLE | 0 | 131712 | 0 | 0 |
| TRUPANION INC | EQUITY | 898202106 |  | 2897130 | 52342 | SH |  | SOLE | 0 | 52342 | 0 | 0 |
| UBER TECHNOLOGIES INC | EQUITY | 90353T100 |  | 28466390 | 305106 | SH |  | SOLE | 0 | 305106 | 0 | 0 |
| UFP TECHNOLOGIES INC | EQUITY | 902673102 |  | 375518 | 1538 | SH |  | SOLE | 0 | 1538 | 0 | 0 |
| UNITEDHEALTH GROUP INC | EQUITY | 91324P102 |  | 12938020 | 41472 | SH |  | SOLE | 0 | 41472 | 0 | 0 |
| UPSTART HOLDINGS INC | EQUITY | 91680M107 |  | 5925464 | 91612 | SH |  | SOLE | 0 | 91612 | 0 | 0 |
| VALE ADR REPRESENTING ONE SA | EQUITY | 91912E105 |  | 485500 | 50000 | SH |  | SOLE | 0 | 50000 | 0 | 0 |
| VERALTO CORP | EQUITY | 92338C103 |  | 124929764 | 1237541 | SH |  | SOLE | 0 | 1237541 | 0 | 0 |
| VERISIGN INC | EQUITY | 92343E102 |  | 118990798 | 412018 | SH |  | SOLE | 0 | 412018 | 0 | 0 |
| VERISK ANALYTICS INC | EQUITY | 92345Y106 |  | 32199755 | 103370 | SH |  | SOLE | 0 | 103370 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | EQUITY | 92343V104 |  | 8155400 | 188477 | SH |  | SOLE | 0 | 188477 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | EQUITY | 92532F100 |  | 11999921 | 26954 | SH |  | SOLE | 0 | 26954 | 0 | 0 |
| VERTIV HOLDINGS CLASS A | EQUITY | 92537N108 |  | 1986888 | 15473 | SH |  | SOLE | 0 | 15473 | 0 | 0 |
| VISA INC CLASS A | EQUITY | 92826C839 |  | 236372762 | 665745 | SH |  | SOLE | 0 | 665745 | 0 | 0 |
| VNET GROUP ADR INC | EQUITY | 90138A103 |  | 166738 | 24165 | SH |  | SOLE | 0 | 24165 | 0 | 0 |
| WALMART INC | EQUITY | 931142103 |  | 12846923 | 131386 | SH |  | SOLE | 0 | 131386 | 0 | 0 |
| WATERS CORP | EQUITY | 941848103 |  | 1706806 | 4890 | SH |  | SOLE | 0 | 4890 | 0 | 0 |
| WEST PHARMACEUTICAL SERVICES INC | EQUITY | 955306105 |  | 92246299 | 421601 | SH |  | SOLE | 0 | 421601 | 0 | 0 |
| WINMARK CORP | EQUITY | 974250102 |  | 1636562 | 4334 | SH |  | SOLE | 0 | 4334 | 0 | 0 |
| ZILLOW GROUP INC CLASS A | EQUITY | 98954M101 |  | 348957 | 5095 | SH |  | SOLE | 0 | 5095 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | EQUITY | 98956P102 |  | 983609 | 10784 | SH |  | SOLE | 0 | 10784 | 0 | 0 |
| ZOETIS INC CLASS A | EQUITY | 98978V103 |  | 2291061 | 14691 | SH |  | SOLE | 0 | 14691 | 0 | 0 |
| ZSCALER INC | EQUITY | 98980G102 |  | 13004964 | 41425 | SH |  | SOLE | 0 | 41425 | 0 | 0 |
| DEUTSCHE BANK AG | EQUITY | D18190898 |  | 147317745 | 4986080 | SH |  | SOLE | 0 | 4986080 | 0 | 0 |
| BROOKFIELD RENEWABLE PARTNERS NON | EQUITY | G16258108 |  | 24180062 | 947866 | SH |  | SOLE | 0 | 947866 | 0 | 0 |
| CREDICORP LTD | EQUITY | G2519Y108 |  | 11302065 | 50564 | SH |  | SOLE | 0 | 50564 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDING LTD | EQUITY | G25457105 |  | 5518271 | 59599 | SH |  | SOLE | 0 | 59599 | 0 | 0 |
| EATON PLC | EQUITY | G29183103 |  | 17508218 | 49044 | SH |  | SOLE | 0 | 49044 | 0 | 0 |
| ICON PLC | EQUITY | G4705A100 |  | 8357702 | 57461 | SH |  | SOLE | 0 | 57461 | 0 | 0 |
| NOMAD FOODS LTD | EQUITY | G6564A105 |  | 2475069 | 145678 | SH |  | SOLE | 0 | 145678 | 0 | 0 |
| NU HOLDINGS LTD CLASS A | EQUITY | G6683N103 |  | 4489678 | 327236 | SH |  | SOLE | 0 | 327236 | 0 | 0 |
| SEAGATE TECHNOLOGY HOLDINGS PLC | EQUITY | G7997R103 |  | 51443398 | 356429 | SH |  | SOLE | 0 | 356429 | 0 | 0 |
| SMURFIT WESTROCK PLC | EQUITY | G8267P108 |  | 31700401 | 736253 | SH |  | SOLE | 0 | 736253 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | EQUITY | G8994E103 |  | 1724270 | 3942 | SH |  | SOLE | 0 | 3942 | 0 | 0 |
| XP CLASS A INC | EQUITY | G98239109 |  | 444400 | 22000 | SH |  | SOLE | 0 | 22000 | 0 | 0 |
| ALCON AG | EQUITY | H01301128 |  | 106999616 | 1213272 | SH |  | SOLE | 0 | 1213272 | 0 | 0 |
| UBS GROUP AG | EQUITY | H42097107 |  | 71810055 | 2128894 | SH |  | SOLE | 0 | 2128894 | 0 | 0 |
| ON HOLDING AG CLASS A | EQUITY | H5919C104 |  | 3216846 | 61803 | SH |  | SOLE | 0 | 61803 | 0 | 0 |
| GLOBANT SA | EQUITY | L44385109 |  | 795849 | 8761 | SH |  | SOLE | 0 | 8761 | 0 | 0 |
| SPOTIFY TECHNOLOGY SA | EQUITY | L8681T102 |  | 303272719 | 395226 | SH |  | SOLE | 0 | 395226 | 0 | 0 |
| CHECK POINT SOFTWARE TECHNOLOGIES | EQUITY | M22465104 |  | 33248344 | 150275 | SH |  | SOLE | 0 | 150275 | 0 | 0 |
| WIX.COM LTD | EQUITY | M98068105 |  | 3707964 | 23400 | SH |  | SOLE | 0 | 23400 | 0 | 0 |
| QIAGEN NV | EQUITY | N72482206 |  | 11199709 | 233362 | SH |  | SOLE | 0 | 233362 | 0 | 0 |
| NEBIUS NV CLASS A | EQUITY | N97284108 |  | 24898500 | 450000 | SH |  | SOLE | 0 | 450000 | 0 | 0 |

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