# EDGAR Filing Document

**Accession Number:** 0001767686
**File Stem:** 0001754960-23-000023
**Filing Date:** 2023-1
**Character Count:** 25681
**Document Hash:** 176fde97b15c2af5c125a04a9c469ee4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001754960-23-000023.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0001754960-23-000023

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**EFFECTIVENESS DATE**: 20230112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Yarbrough Capital, LLC
- **CENTRAL INDEX KEY:** 0001767686
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21554
- **FILM NUMBER:** 23525912

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 MALLORY LANE, STE 130-389
- **CITY:** FRANKLIN
- **STATE:** TN
- **ZIP:** 37067
- **BUSINESS PHONE:** 615-336-7333

**MAIL ADDRESS:**
- **STREET 1:** 2000 MALLORY LANE, STE 130-389
- **CITY:** FRANKLIN
- **STATE:** TN
- **ZIP:** 37067

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** Yarbrough Capital LLC<br>**Address:** 2000 MALLORY LANE STE 130-389<br>FRANKLIN, TN 37067

**Form 13F File Number:** 028-21554

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:** Aryn Sands<br>**Title:** Agent<br>**Phone:** 844-844-3453

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

Aryn Sands  Reno, NV  01-12-2023<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:** 233

**Form 13F Information Table Value Total:** $1258612864

      (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 |
| AON PLC | SHS CL A | G0403H108 |  | 524044 | 1746 | SH |  | SOLE |  | 0 | 0 | 1746 |
| ICON PLC | SHS | G4705A100 |  | 322844 | 1662 | SH |  | SOLE |  | 0 | 0 | 1662 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 |  | 335 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| CRISPR THERAPEUTICS AG | NAMEN AKT | H17182108 |  | 4065 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| GARMIN LTD | SHS | H2906T109 |  | 13277749 | 143870 | SH |  | SOLE |  | 0 | 0 | 143870 |
| GLOBANT S A | COM | L44385109 |  | 349436 | 2078 | SH |  | SOLE |  | 0 | 0 | 2078 |
| CELLEBRITE DI LTD | ORDINARY SHARES | M2197Q107 |  | 233225 | 53492 | SH |  | SOLE |  | 0 | 0 | 53492 |
| KORNIT DIGITAL LTD | SHS | M6372Q113 |  | 263581 | 11475 | SH |  | SOLE |  | 0 | 0 | 11475 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 336842 | 2761 | SH |  | SOLE |  | 0 | 0 | 2761 |
| SIMILARWEB LTD | SHS | M84137104 |  | 110596 | 17200 | SH |  | SOLE |  | 0 | 0 | 17200 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 27741 | 888 | SH |  | SOLE |  | 0 | 0 | 888 |
| ARK ETF TR | NEXT GNRTN INTER | 00214Q401 |  | 1314555 | 34100 | SH |  | SOLE |  | 0 | 0 | 34100 |
| ARK ETF TR | FINTECH INNOVA | 00214Q708 |  | 3406377 | 238709 | SH |  | SOLE |  | 0 | 0 | 238709 |
| ABBOTT LABS | COM | 002824100 |  | 389535 | 3548 | SH |  | SOLE |  | 0 | 0 | 3548 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 8449073 | 110373 | SH |  | SOLE |  | 0 | 0 | 110373 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 8218399 | 24421 | SH |  | SOLE |  | 0 | 0 | 24421 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 962741 | 14864 | SH |  | SOLE |  | 0 | 0 | 14864 |
| AIRBNB INC | COM CL A | 009066101 |  | 404672 | 4733 | SH |  | SOLE |  | 0 | 0 | 4733 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 5636967 | 63991 | SH |  | SOLE |  | 0 | 0 | 63991 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 175891 | 834 | SH |  | SOLE |  | 0 | 0 | 834 |
| ALLY FINL INC | COM | 02005N100 |  | 4085277 | 167087 | SH |  | SOLE |  | 0 | 0 | 167087 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 18019288 | 203080 | SH |  | SOLE |  | 0 | 0 | 203080 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 93319106 | 1057680 | SH |  | SOLE |  | 0 | 0 | 1057680 |
| AMAZON COM INC | COM | 023135106 |  | 72073680 | 858020 | SH |  | SOLE |  | 0 | 0 | 858020 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 315003 | 2132 | SH |  | SOLE |  | 0 | 0 | 2132 |
| APPLE INC | COM | 037833100 |  | 290914622 | 2239010 | SH |  | SOLE |  | 0 | 0 | 2239010 |
| ASSURANT INC | COM | 04621X108 |  | 528128 | 4223 | SH |  | SOLE |  | 0 | 0 | 4223 |
| AUTODESK INC | COM | 052769106 |  | 3705819 | 19831 | SH |  | SOLE |  | 0 | 0 | 19831 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 284238 | 1713 | SH |  | SOLE |  | 0 | 0 | 1713 |
| AZEK CO INC | CL A | 05478C105 |  | 119380 | 5875 | SH |  | SOLE |  | 0 | 0 | 5875 |
| BJS WHSL CLUB HLDGS INC | COM | 05550J101 |  | 502551 | 7596 | SH |  | SOLE |  | 0 | 0 | 7596 |
| BP PLC | SPONSORED ADR | 055622104 |  | 9890360 | 283148 | SH |  | SOLE |  | 0 | 0 | 283148 |
| BANK AMERICA CORP | COM | 060505104 |  | 9773076 | 295081 | SH |  | SOLE |  | 0 | 0 | 295081 |
| BILL COM HLDGS INC | COM | 090043100 |  | 260414 | 2390 | SH |  | SOLE |  | 0 | 0 | 2390 |
| BIONTECH SE | SPONSORED ADS | 09075V102 |  | 15022 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| BLACKSTONE INC | COM | 09260D107 |  | 6992778 | 94255 | SH |  | SOLE |  | 0 | 0 | 94255 |
| BLADE AIR MOBILITY INC | CL A COM | 092667104 |  | 3938 | 1100 | SH |  | SOLE |  | 0 | 0 | 1100 |
| BOEING CO | COM | 097023105 |  | 15419594 | 80947 | SH |  | SOLE |  | 0 | 0 | 80947 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 1779359 | 38456 | SH |  | SOLE |  | 0 | 0 | 38456 |
| BOX INC | CL A | 10316T104 |  | 441735 | 14190 | SH |  | SOLE |  | 0 | 0 | 14190 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 532430 | 7400 | SH |  | SOLE |  | 0 | 0 | 7400 |
| BROADCOM INC | COM | 11135F101 |  | 15945828 | 28519 | SH |  | SOLE |  | 0 | 0 | 28519 |
| CVS HEALTH CORP | COM | 126650100 |  | 1503062 | 16129 | SH |  | SOLE |  | 0 | 0 | 16129 |
| CARMAX INC | COM | 143130102 |  | 228825 | 3758 | SH |  | SOLE |  | 0 | 0 | 3758 |
| CERIDIAN HCM HLDG INC | COM | 15677J108 |  | 262245 | 4088 | SH |  | SOLE |  | 0 | 0 | 4088 |
| CERTARA INC | COM | 15687V109 |  | 208171 | 12954 | SH |  | SOLE |  | 0 | 0 | 12954 |
| CHEVRON CORP NEW | COM | 166764100 |  | 5224415 | 29107 | SH |  | SOLE |  | 0 | 0 | 29107 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 334385 | 241 | SH |  | SOLE |  | 0 | 0 | 241 |
| COCA COLA CO | COM | 191216100 |  | 527963 | 8300 | SH |  | SOLE |  | 0 | 0 | 8300 |
| COGENT COMMUNICATIONS HLDGS | COM NEW | 19239V302 |  | 342252 | 5996 | SH |  | SOLE |  | 0 | 0 | 5996 |
| CONSENSUS CLOUD SOLUTIONS IN | COM | 20848V105 |  | 37202 | 692 | SH |  | SOLE |  | 0 | 0 | 692 |
| COSTAR GROUP INC | COM | 22160N109 |  | 3040659 | 39346 | SH |  | SOLE |  | 0 | 0 | 39346 |
| COUPA SOFTWARE INC | COM | 22266L106 |  | 125089 | 1580 | SH |  | SOLE |  | 0 | 0 | 1580 |
| COURSERA INC | COM | 22266M104 |  | 114680 | 9694 | SH |  | SOLE |  | 0 | 0 | 9694 |
| COUPANG INC | CL A | 22266T109 |  | 3369 | 229 | SH |  | SOLE |  | 0 | 0 | 229 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 39063 | 371 | SH |  | SOLE |  | 0 | 0 | 371 |
| DANAHER CORPORATION | COM | 235851102 |  | 311869 | 1175 | SH |  | SOLE |  | 0 | 0 | 1175 |
| DAVE  BUSTERS ENTMT INC | COM | 238337109 |  | 295959 | 8351 | SH |  | SOLE |  | 0 | 0 | 8351 |
| DESCARTES SYS GROUP INC | COM | 249906108 |  | 403692 | 5790 | SH |  | SOLE |  | 0 | 0 | 5790 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 703982 | 11445 | SH |  | SOLE |  | 0 | 0 | 11445 |
| DEXCOM INC | COM | 252131107 |  | 1012139 | 8938 | SH |  | SOLE |  | 0 | 0 | 8938 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 22848624 | 167047 | SH |  | SOLE |  | 0 | 0 | 167047 |
| DISNEY WALT CO | COM | 254687106 |  | 4151213 | 47781 | SH |  | SOLE |  | 0 | 0 | 47781 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 817802 | 71800 | SH |  | SOLE |  | 0 | 0 | 71800 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 89219 | 1300 | SH |  | SOLE |  | 0 | 0 | 1300 |
| DOXIMITY INC | CL A | 26622P107 |  | 287676 | 8572 | SH |  | SOLE |  | 0 | 0 | 8572 |
| ETF SER SOLUTIONS | GRAYSCALE FUTURE | 26922B725 |  | 3034 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| EARGO INC | COM | 270087109 |  | 9834 | 17102 | SH |  | SOLE |  | 0 | 0 | 17102 |
| ECOLAB INC | COM | 278865100 |  | 245705 | 1688 | SH |  | SOLE |  | 0 | 0 | 1688 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 430947 | 5776 | SH |  | SOLE |  | 0 | 0 | 5776 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 4532878 | 37100 | SH |  | SOLE |  | 0 | 0 | 37100 |
| ETSY INC | COM | 29786A106 |  | 2995 | 25 | SH |  | SOLE |  | 0 | 0 | 25 |
| EVENTBRITE INC | COM CL A | 29975E109 |  | 149190 | 25459 | SH |  | SOLE |  | 0 | 0 | 25459 |
| EVOLENT HEALTH INC | CL A | 30050B101 |  | 433668 | 15444 | SH |  | SOLE |  | 0 | 0 | 15444 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4897320 | 44400 | SH |  | SOLE |  | 0 | 0 | 44400 |
| FLYWIRE CORPORATION | COM VTG | 302492103 |  | 190866 | 7800 | SH |  | SOLE |  | 0 | 0 | 7800 |
| FTI CONSULTING INC | COM | 302941109 |  | 393348 | 2477 | SH |  | SOLE |  | 0 | 0 | 2477 |
| META PLATFORMS INC | CL A | 30303M102 |  | 30637120 | 254588 | SH |  | SOLE |  | 0 | 0 | 254588 |
| FIDELITY COVINGTON TRUST | MSCI ENERGY IDX | 316092402 |  | 16966800 | 711695 | SH |  | SOLE |  | 0 | 0 | 711695 |
| FIRST TR EXCHANGE-TRADED FD | NY ARCA BIOTECH | 33733E203 |  | 4802691 | 31160 | SH |  | SOLE |  | 0 | 0 | 31160 |
| FISERV INC | COM | 337738108 |  | 363347 | 3595 | SH |  | SOLE |  | 0 | 0 | 3595 |
| FIVE BELOW INC | COM | 33829M101 |  | 397958 | 2250 | SH |  | SOLE |  | 0 | 0 | 2250 |
| GARTNER INC | COM | 366651107 |  | 159667 | 475 | SH |  | SOLE |  | 0 | 0 | 475 |
| GENERAL MTRS CO | COM | 37045V100 |  | 60283 | 1792 | SH |  | SOLE |  | 0 | 0 | 1792 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 243036 | 2447 | SH |  | SOLE |  | 0 | 0 | 2447 |
| GLOBAL X FDS | LITHIUM BTRY ETF | 37954Y855 |  | 2813221 | 47999 | SH |  | SOLE |  | 0 | 0 | 47999 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 13139436 | 38265 | SH |  | SOLE |  | 0 | 0 | 38265 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 2855044 | 11898 | SH |  | SOLE |  | 0 | 0 | 11898 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 |  | 1341433 | 17690 | SH |  | SOLE |  | 0 | 0 | 17690 |
| HIRERIGHT HOLDINGS CORPORATI | COM | 433537107 |  | 295883 | 24948 | SH |  | SOLE |  | 0 | 0 | 24948 |
| HOME DEPOT INC | COM | 437076102 |  | 6250238 | 19788 | SH |  | SOLE |  | 0 | 0 | 19788 |
| HURON CONSULTING GROUP INC | COM | 447462102 |  | 527221 | 7262 | SH |  | SOLE |  | 0 | 0 | 7262 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 |  | 189213 | 2020 | SH |  | SOLE |  | 0 | 0 | 2020 |
| IDEXX LABS INC | COM | 45168D104 |  | 316985 | 777 | SH |  | SOLE |  | 0 | 0 | 777 |
| INSULET CORP | COM | 45784P101 |  | 335899 | 1141 | SH |  | SOLE |  | 0 | 0 | 1141 |
| INTEL CORP | COM | 458140100 |  | 962052 | 36400 | SH |  | SOLE |  | 0 | 0 | 36400 |
| INTELLIA THERAPEUTICS INC | COM | 45826J105 |  | 349 | 10 | SH |  | SOLE |  | 0 | 0 | 10 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 37268807 | 139961 | SH |  | SOLE |  | 0 | 0 | 139961 |
| INTUIT | COM | 461202103 |  | 410627 | 1055 | SH |  | SOLE |  | 0 | 0 | 1055 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 1241539 | 19429 | SH |  | SOLE |  | 0 | 0 | 19429 |
| INVESCO EXCH TRADED FD TR II | CHINA TECHNLGY | 46138E800 |  | 5641913 | 129998 | SH |  | SOLE |  | 0 | 0 | 129998 |
| IRIDIUM COMMUNICATIONS INC | COM | 46269C102 |  | 424770 | 8264 | SH |  | SOLE |  | 0 | 0 | 8264 |
| ISHARES TR | CORE S ETF | 464287200 |  | 806073 | 2098 | SH |  | SOLE |  | 0 | 0 | 2098 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 9360 | 160 | SH |  | SOLE |  | 0 | 0 | 160 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 9555879 | 27461 | SH |  | SOLE |  | 0 | 0 | 27461 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 16157 | 191 | SH |  | SOLE |  | 0 | 0 | 191 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 7363 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 3746 | 75 | SH |  | SOLE |  | 0 | 0 | 75 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1814451 | 59432 | SH |  | SOLE |  | 0 | 0 | 59432 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 3399761 | 30393 | SH |  | SOLE |  | 0 | 0 | 30393 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 13125027 | 97875 | SH |  | SOLE |  | 0 | 0 | 97875 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 312542 | 2603 | SH |  | SOLE |  | 0 | 0 | 2603 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 618275 | 3500 | SH |  | SOLE |  | 0 | 0 | 3500 |
| KADANT INC | COM | 48282T104 |  | 298774 | 1682 | SH |  | SOLE |  | 0 | 0 | 1682 |
| KRANESHARES TR | CSI CHI INTERNET | 500767306 |  | 2789846 | 92379 | SH |  | SOLE |  | 0 | 0 | 92379 |
| LAM RESEARCH CORP | COM | 512807108 |  | 45392 | 108 | SH |  | SOLE |  | 0 | 0 | 108 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 297162 | 4261 | SH |  | SOLE |  | 0 | 0 | 4261 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 348253 | 1087 | SH |  | SOLE |  | 0 | 0 | 1087 |
| MARATHON PETE CORP | COM | 56585A102 |  | 7647521 | 65706 | SH |  | SOLE |  | 0 | 0 | 65706 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 1615903 | 10853 | SH |  | SOLE |  | 0 | 0 | 10853 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 287986 | 7775 | SH |  | SOLE |  | 0 | 0 | 7775 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 5172831 | 14876 | SH |  | SOLE |  | 0 | 0 | 14876 |
| MATTERPORT INC | COM CL A | 577096100 |  | 280 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| MAXLINEAR INC | COM | 57776J100 |  | 217925 | 6419 | SH |  | SOLE |  | 0 | 0 | 6419 |
| MCDONALDS CORP | COM | 580135101 |  | 527851 | 2003 | SH |  | SOLE |  | 0 | 0 | 2003 |
| MEDIAALPHA INC | CL A | 58450V104 |  | 67013 | 6735 | SH |  | SOLE |  | 0 | 0 | 6735 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 846 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| MERCURY SYS INC | COM | 589378108 |  | 496256 | 11092 | SH |  | SOLE |  | 0 | 0 | 11092 |
| MICROSOFT CORP | COM | 594918104 |  | 29681374 | 123765 | SH |  | SOLE |  | 0 | 0 | 123765 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1999 | 40 | SH |  | SOLE |  | 0 | 0 | 40 |
| MODERNA INC | COM | 60770K107 |  | 17962 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| MONGODB INC | CL A | 60937P106 |  | 123025 | 625 | SH |  | SOLE |  | 0 | 0 | 625 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 842969 | 3271 | SH |  | SOLE |  | 0 | 0 | 3271 |
| NIO INC | SPON ADS | 62914V106 |  | 7235 | 742 | SH |  | SOLE |  | 0 | 0 | 742 |
| NCINO INC | COM | 63947X101 |  | 126145 | 4771 | SH |  | SOLE |  | 0 | 0 | 4771 |
| NETFLIX INC | COM | 64110L106 |  | 29488 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 1450348 | 19969 | SH |  | SOLE |  | 0 | 0 | 19969 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 204720 | 1714 | SH |  | SOLE |  | 0 | 0 | 1714 |
| NEXTDOOR HOLDINGS INC | COM CL A | 65345M108 |  | 167653 | 81385 | SH |  | SOLE |  | 0 | 0 | 81385 |
| NIKE INC | CL B | 654106103 |  | 6232889 | 53268 | SH |  | SOLE |  | 0 | 0 | 53268 |
| NOVANTA INC | COM | 67000B104 |  | 411686 | 3030 | SH |  | SOLE |  | 0 | 0 | 3030 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 49721763 | 340234 | SH |  | SOLE |  | 0 | 0 | 340234 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 5760310 | 91448 | SH |  | SOLE |  | 0 | 0 | 91448 |
| OCCIDENTAL PETE CORP | *W EXP 08/03/202 | 674599162 |  | 987830 | 23959 | SH |  | SOLE |  | 0 | 0 | 23959 |
| OKTA INC | CL A | 679295105 |  | 260747 | 3816 | SH |  | SOLE |  | 0 | 0 | 3816 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 4154 | 647 | SH |  | SOLE |  | 0 | 0 | 647 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 499693 | 3581 | SH |  | SOLE |  | 0 | 0 | 3581 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 463613 | 10266 | SH |  | SOLE |  | 0 | 0 | 10266 |
| PAR TECHNOLOGY CORP | COM | 698884103 |  | 156238 | 5993 | SH |  | SOLE |  | 0 | 0 | 5993 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 3895520 | 54697 | SH |  | SOLE |  | 0 | 0 | 54697 |
| PERFICIENT INC | COM | 71375U101 |  | 374009 | 5356 | SH |  | SOLE |  | 0 | 0 | 5356 |
| PINDUODUO INC | SPONSORED ADS | 722304102 |  | 4485 | 55 | SH |  | SOLE |  | 0 | 0 | 55 |
| PINTEREST INC | CL A | 72352L106 |  | 8509412 | 350470 | SH |  | SOLE |  | 0 | 0 | 350470 |
| PLANET FITNESS INC | CL A | 72703H101 |  | 398649 | 5059 | SH |  | SOLE |  | 0 | 0 | 5059 |
| PLUG POWER INC | COM NEW | 72919P202 |  | 11232 | 908 | SH |  | SOLE |  | 0 | 0 | 908 |
| POOL CORP | COM | 73278L105 |  | 586520 | 1940 | SH |  | SOLE |  | 0 | 0 | 1940 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1041831 | 8032 | SH |  | SOLE |  | 0 | 0 | 8032 |
| QUALCOMM INC | COM | 747525103 |  | 18120970 | 164826 | SH |  | SOLE |  | 0 | 0 | 164826 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 5274685 | 52266 | SH |  | SOLE |  | 0 | 0 | 52266 |
| REPLIGEN CORP | COM | 759916109 |  | 414471 | 2448 | SH |  | SOLE |  | 0 | 0 | 2448 |
| RENTOKIL INITIAL PLC | SPONSORED ADR | 760125104 |  | 326894 | 10610 | SH |  | SOLE |  | 0 | 0 | 10610 |
| RINGCENTRAL INC | CL A | 76680R206 |  | 50728 | 1433 | SH |  | SOLE |  | 0 | 0 | 1433 |
| ROBLOX CORP | CL A | 771049103 |  | 10473 | 368 | SH |  | SOLE |  | 0 | 0 | 368 |
| ROKU INC | COM CL A | 77543R102 |  | 56370 | 1385 | SH |  | SOLE |  | 0 | 0 | 1385 |
| ROLLINS INC | COM | 775711104 |  | 76003 | 2080 | SH |  | SOLE |  | 0 | 0 | 2080 |
| SHELL PLC | SPON ADS | 780259305 |  | 3279751 | 57590 | SH |  | SOLE |  | 0 | 0 | 57590 |
| RYAN SPECIALTY HOLDINGS INC | CL A | 78351F107 |  | 498078 | 11999 | SH |  | SOLE |  | 0 | 0 | 11999 |
| S GLOBAL INC | COM | 78409V104 |  | 286039 | 854 | SH |  | SOLE |  | 0 | 0 | 854 |
| SPDR SER TR | BBG CONV SEC ETF | 78464A359 |  | 4590916 | 71354 | SH |  | SOLE |  | 0 | 0 | 71354 |
| SPDR SER TR | S REGL BKG | 78464A698 |  | 2547143 | 43363 | SH |  | SOLE |  | 0 | 0 | 43363 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 2003620 | 24140 | SH |  | SOLE |  | 0 | 0 | 24140 |
| SALESFORCE INC | COM | 79466L302 |  | 9939875 | 74967 | SH |  | SOLE |  | 0 | 0 | 74967 |
| SAN JUAN BASIN RTY TR | UNIT BEN INT | 798241105 |  | 69335 | 6082 | SH |  | SOLE |  | 0 | 0 | 6082 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 5203 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| SEAGEN INC | COM | 81181C104 |  | 310609 | 2417 | SH |  | SOLE |  | 0 | 0 | 2417 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 1118 | 15 | SH |  | SOLE |  | 0 | 0 | 15 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 7817026 | 228568 | SH |  | SOLE |  | 0 | 0 | 228568 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 15186685 | 122040 | SH |  | SOLE |  | 0 | 0 | 122040 |
| SERVICENOW INC | COM | 81762P102 |  | 657341 | 1693 | SH |  | SOLE |  | 0 | 0 | 1693 |
| SHOPIFY INC | CL A | 82509L107 |  | 3383531 | 97480 | SH |  | SOLE |  | 0 | 0 | 97480 |
| SIERRA WIRELESS INC | COM | 826516106 |  | 406266 | 14014 | SH |  | SOLE |  | 0 | 0 | 14014 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 2525820 | 21500 | SH |  | SOLE |  | 0 | 0 | 21500 |
| SITEONE LANDSCAPE SUPPLY INC | COM | 82982L103 |  | 201321 | 1716 | SH |  | SOLE |  | 0 | 0 | 1716 |
| SMARTSHEET INC | COM CL A | 83200N103 |  | 263948 | 6706 | SH |  | SOLE |  | 0 | 0 | 6706 |
| SNOWFLAKE INC | CL A | 833445109 |  | 933154 | 6501 | SH |  | SOLE |  | 0 | 0 | 6501 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 4610 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| SOLO BRANDS INC | COM CL A | 83425V104 |  | 80382 | 21608 | SH |  | SOLE |  | 0 | 0 | 21608 |
| SPROUT SOCIAL INC | COM CL A | 85209W109 |  | 263047 | 4659 | SH |  | SOLE |  | 0 | 0 | 4659 |
| BLOCK INC | CL A | 852234103 |  | 3162423 | 50325 | SH |  | SOLE |  | 0 | 0 | 50325 |
| STARBUCKS CORP | COM | 855244109 |  | 1514685 | 15269 | SH |  | SOLE |  | 0 | 0 | 15269 |
| STATE STR CORP | COM | 857477103 |  | 3841111 | 49518 | SH |  | SOLE |  | 0 | 0 | 49518 |
| SUNOPTA INC | COM | 8676EP108 |  | 337971 | 40044 | SH |  | SOLE |  | 0 | 0 | 40044 |
| SYLVAMO CORP | COMMON STOCK | 871332102 |  | 22934 | 472 | SH |  | SOLE |  | 0 | 0 | 472 |
| SYNEOS HEALTH INC | CL A | 87166B102 |  | 137477 | 3748 | SH |  | SOLE |  | 0 | 0 | 3748 |
| TABULA RASA HEALTHCARE INC | COM | 873379101 |  | 24126 | 4874 | SH |  | SOLE |  | 0 | 0 | 4874 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1017310 | 13657 | SH |  | SOLE |  | 0 | 0 | 13657 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 4212475 | 40454 | SH |  | SOLE |  | 0 | 0 | 40454 |
| TELADOC HEALTH INC | COM | 87918A105 |  | 1419 | 60 | SH |  | SOLE |  | 0 | 0 | 60 |
| TELUS INTL CDA INC | SUB VTG SHS | 87975H100 |  | 159844 | 8077 | SH |  | SOLE |  | 0 | 0 | 8077 |
| TESLA INC | COM | 88160R101 |  | 1923086 | 15612 | SH |  | SOLE |  | 0 | 0 | 15612 |
| TEXAS INSTRS INC | COM | 882508104 |  | 446094 | 2700 | SH |  | SOLE |  | 0 | 0 | 2700 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1101380 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| THOUGHTWORKS HOLDING INC | COM | 88546E105 |  | 152850 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| TREX CO INC | COM | 89531P105 |  | 242170 | 5721 | SH |  | SOLE |  | 0 | 0 | 5721 |
| TRIMAS CORP | COM NEW | 896215209 |  | 301256 | 10860 | SH |  | SOLE |  | 0 | 0 | 10860 |
| TRIPADVISOR INC | COM | 896945201 |  | 5933 | 330 | SH |  | SOLE |  | 0 | 0 | 330 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 195058 | 605 | SH |  | SOLE |  | 0 | 0 | 605 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 887950 | 1893 | SH |  | SOLE |  | 0 | 0 | 1893 |
| UNDER ARMOUR INC | CL A | 904311107 |  | 145664 | 14337 | SH |  | SOLE |  | 0 | 0 | 14337 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1613338 | 3043 | SH |  | SOLE |  | 0 | 0 | 3043 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 85112 | 2977 | SH |  | SOLE |  | 0 | 0 | 2977 |
| VALMONT INDS INC | COM | 920253101 |  | 519813 | 1572 | SH |  | SOLE |  | 0 | 0 | 1572 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 1014700 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 28962465 | 90675 | SH |  | SOLE |  | 0 | 0 | 90675 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 33646556 | 390377 | SH |  | SOLE |  | 0 | 0 | 390377 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 2235 | 30 | SH |  | SOLE |  | 0 | 0 | 30 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 3358479 | 20811 | SH |  | SOLE |  | 0 | 0 | 20811 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 76046580 | 216447 | SH |  | SOLE |  | 0 | 0 | 216447 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 59443218 | 310912 | SH |  | SOLE |  | 0 | 0 | 310912 |
| VERACYTE INC | COM | 92337F107 |  | 232459 | 9796 | SH |  | SOLE |  | 0 | 0 | 9796 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 346953 | 25087 | SH |  | SOLE |  | 0 | 0 | 25087 |
| VIRGIN GALACTIC HOLDINGS INC | COM | 92766K106 |  | 1044 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| VISA INC | COM CL A | 92826C839 |  | 9401971 | 45254 | SH |  | SOLE |  | 0 | 0 | 45254 |
| WATSCO INC | COM | 942622200 |  | 360882 | 1447 | SH |  | SOLE |  | 0 | 0 | 1447 |
| WAYFAIR INC | CL A | 94419L101 |  | 42889 | 1304 | SH |  | SOLE |  | 0 | 0 | 1304 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1547756 | 37485 | SH |  | SOLE |  | 0 | 0 | 37485 |
| WEX INC | COM | 96208T104 |  | 379341 | 2318 | SH |  | SOLE |  | 0 | 0 | 2318 |
| WISDOMTREE TR | CLOUD COMPUTNG | 97717Y691 |  | 6907308 | 275411 | SH |  | SOLE |  | 0 | 0 | 275411 |
| WORKDAY INC | CL A | 98138H101 |  | 1696224 | 10137 | SH |  | SOLE |  | 0 | 0 | 10137 |
| XOMETRY INC | CLASS A COM | 98423F109 |  | 193348 | 5999 | SH |  | SOLE |  | 0 | 0 | 5999 |
| ZILLOW GROUP INC | CL A | 98954M101 |  | 412627 | 13221 | SH |  | SOLE |  | 0 | 0 | 13221 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 3511 | 109 | SH |  | SOLE |  | 0 | 0 | 109 |
| ZOETIS INC | CL A | 98978V103 |  | 340289 | 2322 | SH |  | SOLE |  | 0 | 0 | 2322 |

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