# EDGAR Filing Document

**Accession Number:** 0000822632
**File Stem:** 0001752724-25-193303
**Filing Date:** 2025-8
**Character Count:** 28869
**Document Hash:** 01fc446e1c4f61bb1dd518890c7948df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-193303.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001752724-25-193303

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WILLIAM BLAIR FUNDS
- **CENTRAL INDEX KEY:** 0000822632

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05344
- **FILM NUMBER:** 251234067

**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:** 2025-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1446061900.86

**Total Liabilities:** $1397287.43

**Net Assets:** $1444664613.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000211721 | -2.81%               | 3.55%                | 5.10%                |
| Class ID C000023542 | -2.86%               | 3.54%                | 5.06%                |
| Class ID C000023543 | -2.82%               | 3.53%                | 5.13%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-61604390.41            | $20366823.90                               |
| Month 2  | $-31321732.53            | $81211032.42                               |
| Month 3  | $26574174.55             | $44918329.59                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Parsons Corp                         | Parsons Corp                         | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |    296400 | NS      | $21272628.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                     | Pure Storage Inc                     | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    639600 | NS      | $36828168.00  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                     | EPAM Systems Inc                     | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |    105900 | NS      | $18725238.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp            | Carpenter Technology Corp            | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     59100 | NS      | $16334058.00  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                        | Dynatrace Inc                        | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |    517486 | NS      | $28570402.06  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                          | Neogen Corp                          | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |   1464600 | NS      | $7000788.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health Inc                   | Evolent Health Inc                   | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |    676400 | NS      | $7616264.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                 | Waystar Holding Corp                 | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    636185 | NS      | $26000880.95  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Lancaster Colony Corp                | Lancaster Colony Corp                | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |    108016 | NS      | $18661924.32  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp           | FIXED INC CLEARING CORP.REPO         | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  28939712 | PA      | $28939711.58  | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pool Corp                            | Pool Corp                            | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |     73900 | NS      | $21540372.00  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                         | Evercore Inc                         | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     59000 | NS      | $15931180.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp                  | Exact Sciences Corp                  | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |    228660 | NS      | $12150992.40  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc        | Advanced Drainage Systems Inc        | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |    130600 | NS      | $15000716.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                   | nVent Electric PLC                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    411900 | NS      | $30171675.00  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc              | ExlService Holdings Inc              | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |    402200 | NS      | $17612338.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                    | Everest Group Ltd                    | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |     80332 | NS      | $27300830.20  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                   | Planet Fitness Inc                   | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |    224500 | NS      | $24481725.00  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                | Burlington Stores Inc                | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     49761 | NS      | $11576399.04  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                   | First Horizon Corp                   | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    441020 | NS      | $9349624.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc         | National Vision Holdings Inc         | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |    327726 | NS      | $7540975.26   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                  | Churchill Downs Inc                  | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |    149500 | NS      | $15099500.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp               | WillScot Holdings Corp               | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    502900 | NS      | $13779460.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc             | Manhattan Associates Inc             | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |    142200 | NS      | $28080234.00  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                         | Appfolio Inc                         | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     94000 | NS      | $21646320.00  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp             | Fox Factory Holding Corp             | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |    262402 | NS      | $6806707.88   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                | Carlyle Group Inc/The                | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |    488493 | NS      | $25108540.20  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                       | Brink's Co/The                       | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |    164938 | NS      | $14727314.02  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp                    | Talen Energy Corp                    | CUSIP: 87422Q109<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | EC               | CORP              | US        |    153500 | NS      | $44633195.00  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc         | Madrigal Pharmaceuticals Inc         | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |     40500 | NS      | $12256920.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc          | Inspire Medical Systems Inc          | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |     87842 | NS      | $11399256.34  | 0.79%             |  |  |  | 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        |    200172 | NS      | $15609412.56  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                         | Insulet Corp                         | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     83565 | NS      | $26254451.70  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corp                | Twist Bioscience Corp                | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |    450473 | NS      | $16572901.67  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                         | Doximity Inc                         | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    565752 | NS      | $34703227.68  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                           | TransUnion                           | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |    201800 | NS      | $17758400.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                             | Nice Ltd                             | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     85968 | NS      | $14520854.88  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc               | Guidewire Software Inc               | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     74955 | NS      | $17648154.75  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                  | Eagle Materials Inc                  | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     83087 | NS      | $16792713.57  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                 | GeneDx Holdings Corp                 | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    151280 | NS      | $13964656.80  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                 | BWX Technologies Inc                 | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    166149 | NS      | $23935424.94  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                   | Globus Medical Inc                   | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |    287395 | NS      | $16962052.90  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                          | Cameco Corp                          | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    476247 | NS      | $35351814.81  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group Inc/The      | Baldwin Insurance Group Inc/The      | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    486900 | NS      | $20844189.00  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc | Bright Horizons Family Solutions Inc | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    172778 | NS      | $21353633.02  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp               | Paylocity Holding Corp               | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     60500 | NS      | $10961995.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                           | Ciena Corp                           | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |    348700 | NS      | $28359771.00  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                  | Curtiss-Wright Corp                  | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     44200 | NS      | $21593910.00  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp               | Louisiana-Pacific Corp               | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |    118400 | NS      | $10181216.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                      | Bio-Techne Corp                      | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |    152100 | NS      | $7825545.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                          | Chemed Corp                          | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     40166 | NS      | $19558030.38  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                          | Novanta Inc                          | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    101154 | NS      | $13041785.22  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                     | ACV Auctions Inc                     | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    965182 | NS      | $15655252.04  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc               | Mueller Industries Inc               | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    316300 | NS      | $25136361.00  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                           | Insmed Inc                           | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    260651 | NS      | $26231916.64  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                        | Maplebear Inc                        | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    402300 | NS      | $18200052.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc    | Clearwater Analytics Holdings Inc    | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    944569 | NS      | $20714398.17  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc            | Casella Waste Systems Inc            | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |    163761 | NS      | $18894744.18  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp                    | Primo Brands Corp                    | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |   1181043 | NS      | $34982493.66  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                         | Glaukos Corp                         | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |    154900 | NS      | $15999621.00  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                    | Clean Harbors Inc                    | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     64400 | NS      | $14887992.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc                              | TPG Inc                              | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |    272524 | NS      | $14293883.80  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                | Encompass Health Corp                | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    149517 | NS      | $18335269.71  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                    | FTAI Aviation Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    151400 | NS      | $17417056.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                         | Freshpet Inc                         | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |    167079 | NS      | $11354688.84  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp                    | FirstService Corp                    | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     44135 | NS      | $7706853.70   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                  | Mercury Systems Inc                  | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |    536051 | NS      | $28871706.86  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amicus Therapeutics Inc              | Amicus Therapeutics Inc              | CUSIP: 03152W109<br>LEI: 549300MRD1SMUTNBPQ53 | Long             | EC               | CORP              | US        |   1725900 | NS      | $9889407.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                       | SharkNinja Inc                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    266100 | NS      | $26341239.00  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources Inc               | Whitecap Resources Inc               | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |   2442400 | NS      | $16412928.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                      | Q2 Holdings Inc                      | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |    227200 | NS      | $21263648.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                           | Stride Inc                           | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |    101200 | NS      | $14693228.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                         | Reliance Inc                         | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     36100 | NS      | $11331790.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                  | Onto Innovation Inc                  | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |    134500 | NS      | $13575085.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc                  | BellRing Brands Inc                  | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |    340100 | NS      | $19701993.00  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Confluent Inc                        | Confluent Inc                        | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |    951715 | NS      | $23726254.95  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** WILLIAM BLAIR FUNDS

**Signature:** John Raczek

**Name of Signer:** John Raczek

**Title:** Principal Financial Officer