# EDGAR Filing Document

**Accession Number:** 0001034524
**File Stem:** 0001172661-25-004691
**Filing Date:** 2025-11
**Character Count:** 26637
**Document Hash:** 523748587527ae65592de19d2b1eafa2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004691.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001172661-25-004691

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** POLEN CAPITAL MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001034524

**ORGANIZATION NAME:**
- **EIN:** 132984374
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-03687
- **FILM NUMBER:** 251469685

**BUSINESS ADDRESS:**
- **STREET 1:** 1825 NW CORPORATE BOULEVARD
- **STREET 2:** SUITE 300
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431
- **BUSINESS PHONE:** 561-241-2425

**MAIL ADDRESS:**
- **STREET 1:** 1825 NW CORPORATE BOULEVARD
- **STREET 2:** SUITE 300
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33431

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** POLEN CAPITAL MANAGEMENT INC
- **DATE OF NAME CHANGE:** 19990330

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** POLEN CAPITAL MANAGEMENT LLC<br>**Address:** 1825 Nw Corporate Boulevard<br>Suite 300<br>Boca Raton, FL 33431

**Form 13F File Number:** 028-03687

**CRD Number (if applicable):** 000106093

**SEC File Number (if applicable):** 801-15180

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:** Lauren Walsh<br>**Title:** Chief Compliance Officer<br>**Phone:** 781-283-8542

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

/s/ Lauren Walsh  Boca Raton, FL  11-12-2025<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:** 232

**Form 13F Information Table Value Total:** $30802400951

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 993915673 | 7420604 | SH |  | SOLE |  | 7420604 | 0 | 0 |
| ABCELLERA BIOLOGICS INC | COM | 00288U106 |  | 1354317 | 269248 | SH |  | SOLE |  | 269248 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 607069774 | 2461759 | SH |  | SOLE |  | 2461759 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 552057 | 1603 | SH |  | SOLE |  | 1603 | 0 | 0 |
| ADAPTIVE BIOTECHNOLOGIES COR | COM | 00650F109 |  | 4356307 | 291197 | SH |  | SOLE |  | 291197 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 655126570 | 1857198 | SH |  | SOLE |  | 1857198 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 680573 | 78137 | SH |  | SOLE |  | 78137 | 0 | 0 |
| AEHR TEST SYS | COM | 00760J108 |  | 701804 | 23308 | SH |  | SOLE |  | 23308 | 0 | 0 |
| AEROVIRONMENT INC | COM | 008073108 |  | 357400 | 1135 | SH |  | SOLE |  | 1135 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 2418656 | 33096 | SH |  | SOLE |  | 33096 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 482592464 | 3974571 | SH |  | SOLE |  | 3974571 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 509381 | 2850 | SH |  | SOLE |  | 2850 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 316008 | 693 | SH |  | SOLE |  | 693 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 115091124 | 473431 | SH |  | SOLE |  | 473431 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1130130861 | 4640242 | SH |  | SOLE |  | 4640242 | 0 | 0 |
| ALPHATEC HLDGS INC | COM NEW | 02081G201 |  | 751718 | 51700 | SH |  | SOLE |  | 51700 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 2469400230 | 11246528 | SH |  | SOLE |  | 11246528 | 0 | 0 |
| AMERICAN SUPERCONDUCTOR CORP | SHS NEW | 030111207 |  | 2808612 | 47291 | SH |  | SOLE |  | 47291 | 0 | 0 |
| AMPRIUS TECHNOLOGIES INC | COMMON STOCK | 03214Q108 |  | 3570772 | 339427 | SH |  | SOLE |  | 339427 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 887943817 | 2490167 | SH |  | SOLE |  | 2490167 | 0 | 0 |
| APPFOLIO INC | COM CL A | 03783C100 |  | 207572 | 753 | SH |  | SOLE |  | 753 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 3909748 | 15355 | SH |  | SOLE |  | 15355 | 0 | 0 |
| ARCHER AVIATION INC | COM CL A | 03945R102 |  | 780626 | 81485 | SH |  | SOLE |  | 81485 | 0 | 0 |
| ARGAN INC | COM | 04010E109 |  | 10135787 | 37533 | SH |  | SOLE |  | 37533 | 0 | 0 |
| ARLO TECHNOLOGIES INC | COM | 04206A101 |  | 1025238 | 60486 | SH |  | SOLE |  | 60486 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 232664 | 1187 | SH |  | SOLE |  | 1187 | 0 | 0 |
| ASCENDIS PHARMA A/S | SPONSORED ADR | 04351P101 |  | 549908 | 2766 | SH |  | SOLE |  | 2766 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 19165330 | 19797 | SH |  | SOLE |  | 19797 | 0 | 0 |
| ASP ISOTOPES INC | COM | 00218A105 |  | 2240623 | 232913 | SH |  | SOLE |  | 232913 | 0 | 0 |
| ASTEC INDS INC | COM | 046224101 |  | 871538 | 18108 | SH |  | SOLE |  | 18108 | 0 | 0 |
| ASTRONICS CORP | COM | 046433108 |  | 2462621 | 53993 | SH |  | SOLE |  | 53993 | 0 | 0 |
| AURORA INNOVATION INC | CLASS A COM | 051774107 |  | 98987 | 18365 | SH |  | SOLE |  | 18365 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 413542 | 1302 | SH |  | SOLE |  | 1302 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 722317 | 2461 | SH |  | SOLE |  | 2461 | 0 | 0 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 214574 | 299 | SH |  | SOLE |  | 299 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 777002 | 9179 | SH |  | SOLE |  | 9179 | 0 | 0 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 449731 | 3413 | SH |  | SOLE |  | 3413 | 0 | 0 |
| BARRETT BUSINESS SVCS INC | COM | 068463108 |  | 1632439 | 36833 | SH |  | SOLE |  | 36833 | 0 | 0 |
| BEAM THERAPEUTICS INC | COM | 07373V105 |  | 221658 | 9133 | SH |  | SOLE |  | 9133 | 0 | 0 |
| BED BATH  BEYOND INC | COM | 690370101 |  | 148456 | 15164 | SH |  | SOLE |  | 15164 | 0 | 0 |
| BEL FUSE INC | CL B | 077347300 |  | 2755390 | 19539 | SH |  | SOLE |  | 19539 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 11111652 | 131390 | SH |  | SOLE |  | 131390 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 546560636 | 5598286 | SH |  | SOLE |  | 5598286 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 1878358 | 36164 | SH |  | SOLE |  | 36164 | 0 | 0 |
| BRILLIANT EARTH GROUP INC | CL A COM | 109504100 |  | 92293 | 44586 | SH |  | SOLE |  | 44586 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 1479928108 | 4485854 | SH |  | SOLE |  | 4485854 | 0 | 0 |
| BROOKDALE SR LIVING INC | COM | 112463104 |  | 1413262 | 166855 | SH |  | SOLE |  | 166855 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 6775229 | 36748 | SH |  | SOLE |  | 36748 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 3238841 | 38622 | SH |  | SOLE |  | 38622 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 1494602 | 6087 | SH |  | SOLE |  | 6087 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 3944421 | 10456 | SH |  | SOLE |  | 10456 | 0 | 0 |
| CAVA GROUP INC | COM | 148929102 |  | 478568 | 7922 | SH |  | SOLE |  | 7922 | 0 | 0 |
| CECO ENVIRONMENTAL CORP | COM | 125141101 |  | 3083418 | 60223 | SH |  | SOLE |  | 60223 | 0 | 0 |
| CENTRAL PAC FINL CORP | COM NEW | 154760409 |  | 522971 | 17237 | SH |  | SOLE |  | 17237 | 0 | 0 |
| CHEESECAKE FACTORY INC | COM | 163072101 |  | 777309 | 14226 | SH |  | SOLE |  | 14226 | 0 | 0 |
| CHEFS WHSE INC | COM | 163086101 |  | 553727 | 9493 | SH |  | SOLE |  | 9493 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 207144 | 5121 | SH |  | SOLE |  | 5121 | 0 | 0 |
| CLEAR SECURE INC | COM CL A | 18467V109 |  | 963714 | 28871 | SH |  | SOLE |  | 28871 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 695697 | 10490 | SH |  | SOLE |  | 10490 | 0 | 0 |
| COMMVAULT SYS INC | COM | 204166102 |  | 1962368 | 10395 | SH |  | SOLE |  | 10395 | 0 | 0 |
| COMPOSECURE INC | COM CL A | 20459V105 |  | 695284 | 33395 | SH |  | SOLE |  | 33395 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1381765 | 4199 | SH |  | SOLE |  | 4199 | 0 | 0 |
| CONSTRUCTION PARTNERS INC | COM CL A | 21044C107 |  | 1380871 | 10873 | SH |  | SOLE |  | 10873 | 0 | 0 |
| CORCEPT THERAPEUTICS INC | COM | 218352102 |  | 2357249 | 28363 | SH |  | SOLE |  | 28363 | 0 | 0 |
| CORPORACION AMER ARPTS S A | COM | L1995B107 |  | 790956 | 43651 | SH |  | SOLE |  | 43651 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 538357326 | 6380909 | SH |  | SOLE |  | 6380909 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 1471243 | 10104 | SH |  | SOLE |  | 10104 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 1036472 | 1909 | SH |  | SOLE |  | 1909 | 0 | 0 |
| DAVE INC | CLASS A COM NEW | 23834J201 |  | 2477721 | 12429 | SH |  | SOLE |  | 12429 | 0 | 0 |
| DLOCAL LTD | CLASS A COM | G29018101 |  | 9987132 | 699379 | SH |  | SOLE |  | 699379 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 527485 | 7211 | SH |  | SOLE |  | 7211 | 0 | 0 |
| E L F BEAUTY INC | COM | 26856L103 |  | 858205 | 6478 | SH |  | SOLE |  | 6478 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1238323946 | 1622967 | SH |  | SOLE |  | 1622967 | 0 | 0 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 1200416 | 19858 | SH |  | SOLE |  | 19858 | 0 | 0 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 240101 | 21080 | SH |  | SOLE |  | 21080 | 0 | 0 |
| ESQUIRE FINL HLDGS INC | COM | 29667J101 |  | 1194962 | 11709 | SH |  | SOLE |  | 11709 | 0 | 0 |
| EVERQUOTE INC | COM CL A | 30041R108 |  | 477320 | 20871 | SH |  | SOLE |  | 20871 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 2473023 | 11214 | SH |  | SOLE |  | 11214 | 0 | 0 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 337344105 |  | 3179067 | 22529 | SH |  | SOLE |  | 22529 | 0 | 0 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 1802922 | 10805 | SH |  | SOLE |  | 10805 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 2440567 | 9284 | SH |  | SOLE |  | 9284 | 0 | 0 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 480118 | 19344 | SH |  | SOLE |  | 19344 | 0 | 0 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 7344528 | 68169 | SH |  | SOLE |  | 68169 | 0 | 0 |
| GLOBAL X FDS | S 500 CATHOLIC | 37954Y889 |  | 2501952 | 30866 | SH |  | SOLE |  | 30866 | 0 | 0 |
| GLOBANT S A | COM | L44385109 |  | 7752498 | 135108 | SH |  | SOLE |  | 135108 | 0 | 0 |
| GRAIL INC | COM | 384747101 |  | 985874 | 16673 | SH |  | SOLE |  | 16673 | 0 | 0 |
| GUARDANT HEALTH INC | COM | 40131M109 |  | 1079092 | 17271 | SH |  | SOLE |  | 17271 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 207334 | 902 | SH |  | SOLE |  | 902 | 0 | 0 |
| HCI GROUP INC | COM | 40416E103 |  | 3486984 | 18168 | SH |  | SOLE |  | 18168 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 20269165 | 593360 | SH |  | SOLE |  | 593360 | 0 | 0 |
| HIMS  HERS HEALTH INC | COM CL A | 433000106 |  | 716033 | 12624 | SH |  | SOLE |  | 12624 | 0 | 0 |
| HOWARD HUGHES HOLDINGS INC | COM | 44267T102 |  | 1957536 | 23823 | SH |  | SOLE |  | 23823 | 0 | 0 |
| HURON CONSULTING GROUP INC | COM | 447462102 |  | 1511437 | 10298 | SH |  | SOLE |  | 10298 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 6779583 | 224267 | SH |  | SOLE |  | 224267 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 77605716 | 443461 | SH |  | SOLE |  | 443461 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 720123065 | 1127147 | SH |  | SOLE |  | 1127147 | 0 | 0 |
| IES HLDGS INC | COM | 44951W106 |  | 4829062 | 12144 | SH |  | SOLE |  | 12144 | 0 | 0 |
| IHEARTMEDIA INC | COM CL A | 45174J509 |  | 406705 | 141709 | SH |  | SOLE |  | 141709 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 451899818 | 661727 | SH |  | SOLE |  | 661727 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 8493628 | 44774 | SH |  | SOLE |  | 44774 | 0 | 0 |
| IRADIMED CORP | COM | 46266A109 |  | 2025142 | 28459 | SH |  | SOLE |  | 28459 | 0 | 0 |
| IRSA INVERSIONES Y REP S A | SPON GDS ECH 10 | 450047303 |  | 1128423 | 95306 | SH |  | SOLE |  | 95306 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 4005380 | 61612 | SH |  | SOLE |  | 61612 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 106727454 | 227851 | SH |  | SOLE |  | 227851 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 500680 | 4972 | SH |  | SOLE |  | 4972 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 16238000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 26327707 | 190449 | SH |  | SOLE |  | 190449 | 0 | 0 |
| IVANHOE ELECTRIC INC | COM | 46578C108 |  | 2362839 | 188274 | SH |  | SOLE |  | 188274 | 0 | 0 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 |  | 5136829 | 318267 | SH |  | SOLE |  | 318267 | 0 | 0 |
| KAROOOOO LTD | ORD SHS | Y4600W108 |  | 4718569 | 82608 | SH |  | SOLE |  | 82608 | 0 | 0 |
| KODIAK SCIENCES INC | COM | 50015M109 |  | 353052 | 21567 | SH |  | SOLE |  | 21567 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 2167205 | 23719 | SH |  | SOLE |  | 23719 | 0 | 0 |
| LATHAM GROUP INC | COM | 51819L107 |  | 1268503 | 166689 | SH |  | SOLE |  | 166689 | 0 | 0 |
| LIFE TIME GROUP HOLDINGS INC | COMMON STOCK | 53190C102 |  | 903624 | 32740 | SH |  | SOLE |  | 32740 | 0 | 0 |
| LIMBACH HLDGS INC | COM | 53263P105 |  | 1528669 | 15740 | SH |  | SOLE |  | 15740 | 0 | 0 |
| LIQUIDITY SVCS INC | COM | 53635B107 |  | 1116072 | 40688 | SH |  | SOLE |  | 40688 | 0 | 0 |
| LUXEXPERIENCE BV | SPONSORED ADS | 55406W103 |  | 259284 | 30504 | SH |  | SOLE |  | 30504 | 0 | 0 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 8170212 | 87289 | SH |  | SOLE |  | 87289 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1559246649 | 2741243 | SH |  | SOLE |  | 2741243 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 504154 | 1659 | SH |  | SOLE |  | 1659 | 0 | 0 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 407215 | 792 | SH |  | SOLE |  | 792 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 11900775 | 124956 | SH |  | SOLE |  | 124956 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 115713979 | 49515 | SH |  | SOLE |  | 49515 | 0 | 0 |
| MERUS N V | COM | N5749R100 |  | 1078959 | 11460 | SH |  | SOLE |  | 11460 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 394995 | 538 | SH |  | SOLE |  | 538 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2600190996 | 5020158 | SH |  | SOLE |  | 5020158 | 0 | 0 |
| MICROVAST HOLDINGS INC | COM | 59516C106 |  | 435628 | 113150 | SH |  | SOLE |  | 113150 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 857313 | 17662 | SH |  | SOLE |  | 17662 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 1770528 | 76119 | SH |  | SOLE |  | 76119 | 0 | 0 |
| MIRUM PHARMACEUTICALS INC | COM | 604749101 |  | 977882 | 13339 | SH |  | SOLE |  | 13339 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 4623470 | 32523 | SH |  | SOLE |  | 32523 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 24368286 | 125811 | SH |  | SOLE |  | 125811 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 898742807 | 1583939 | SH |  | SOLE |  | 1583939 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 503224 | 4977 | SH |  | SOLE |  | 4977 | 0 | 0 |
| NAPCO SEC TECHNOLOGIES INC | COM | 630402105 |  | 539753 | 12567 | SH |  | SOLE |  | 12567 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 470998 | 2926 | SH |  | SOLE |  | 2926 | 0 | 0 |
| NATURAL GROCERS BY VITAMIN C | COM | 63888U108 |  | 571080 | 14277 | SH |  | SOLE |  | 14277 | 0 | 0 |
| NAYAX LTD | SHS | M7S750159 |  | 434394 | 9124 | SH |  | SOLE |  | 9124 | 0 | 0 |
| NETEASE INC | SPONSORED ADS | 64110W102 |  | 405661 | 2669 | SH |  | SOLE |  | 2669 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 574138871 | 478880 | SH |  | SOLE |  | 478880 | 0 | 0 |
| NEWMARK GROUP INC | CL A | 65158N102 |  | 206661 | 11081 | SH |  | SOLE |  | 11081 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 110157 | 12308 | SH |  | SOLE |  | 12308 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 244710 | 3509 | SH |  | SOLE |  | 3509 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 1535367 | 51818 | SH |  | SOLE |  | 51818 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 973158 | 6009 | SH |  | SOLE |  | 6009 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 24674004 | 1541162 | SH |  | SOLE |  | 1541162 | 0 | 0 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 3007548 | 83543 | SH |  | SOLE |  | 83543 | 0 | 0 |
| NUTANIX INC | CL A | 67059N108 |  | 656120 | 8820 | SH |  | SOLE |  | 8820 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1174900577 | 6297034 | SH |  | SOLE |  | 6297034 | 0 | 0 |
| ODDITY TECH LTD | SHS CL A | M7518J104 |  | 1551831 | 24909 | SH |  | SOLE |  | 24909 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 10942155 | 258374 | SH |  | SOLE |  | 258374 | 0 | 0 |
| OPENLANE INC | COM | 48238T109 |  | 1374015 | 47742 | SH |  | SOLE |  | 47742 | 0 | 0 |
| OPPENHEIMER HLDGS INC | CL A NON VTG | 683797104 |  | 1207911 | 16343 | SH |  | SOLE |  | 16343 | 0 | 0 |
| OPPFI INC | COM CL A | 68386H103 |  | 690971 | 60986 | SH |  | SOLE |  | 60986 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 2612336546 | 9288638 | SH |  | SOLE |  | 9288638 | 0 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 407676 | 21536 | SH |  | SOLE |  | 21536 | 0 | 0 |
| PAGAYA TECHNOLOGIES LTD | CL A NEW | M7S64L123 |  | 2252580 | 75870 | SH |  | SOLE |  | 75870 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 548745065 | 2636423 | SH |  | SOLE |  | 2636423 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 255830 | 3815 | SH |  | SOLE |  | 3815 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 8364114 | 63283 | SH |  | SOLE |  | 63283 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 2919348 | 324372 | SH |  | SOLE |  | 324372 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 635912 | 4528 | SH |  | SOLE |  | 4528 | 0 | 0 |
| PITNEY BOWES INC | COM | 724479100 |  | 1009511 | 88476 | SH |  | SOLE |  | 88476 | 0 | 0 |
| PORCH GROUP INC | COM | 733245104 |  | 3648358 | 217423 | SH |  | SOLE |  | 217423 | 0 | 0 |
| POWELL INDS INC | COM | 739128106 |  | 7119447 | 23357 | SH |  | SOLE |  | 23357 | 0 | 0 |
| PREFORMED LINE PRODS CO | COM | 740444104 |  | 1110209 | 5660 | SH |  | SOLE |  | 5660 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 745203 | 4850 | SH |  | SOLE |  | 4850 | 0 | 0 |
| PROTAGONIST THERAPEUTICS INC | COM | 74366E102 |  | 1350190 | 20325 | SH |  | SOLE |  | 20325 | 0 | 0 |
| PURE STORAGE INC | CL A | 74624M102 |  | 499759 | 5963 | SH |  | SOLE |  | 5963 | 0 | 0 |
| PURECYCLE TECHNOLOGIES INC | COM | 74623V103 |  | 1214587 | 92364 | SH |  | SOLE |  | 92364 | 0 | 0 |
| RAMACO RES INC | COM CL A | 75134P600 |  | 6051599 | 182332 | SH |  | SOLE |  | 182332 | 0 | 0 |
| RED VIOLET INC | COM | 75704L104 |  | 1579674 | 30233 | SH |  | SOLE |  | 30233 | 0 | 0 |
| RESOLUTE HLDGS MGMT INC | COM | 76134H101 |  | 1509017 | 20915 | SH |  | SOLE |  | 20915 | 0 | 0 |
| RIBBON COMMUNICATIONS INC | COM | 762544104 |  | 331535 | 87246 | SH |  | SOLE |  | 87246 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 246586 | 2998 | SH |  | SOLE |  | 2998 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 889335 | 3752 | SH |  | SOLE |  | 3752 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 92174642 | 344952 | SH |  | SOLE |  | 344952 | 0 | 0 |
| SAVERS VALUE VLG INC | COM | 80517M109 |  | 172542 | 13022 | SH |  | SOLE |  | 13022 | 0 | 0 |
| SCHOLAR ROCK HLDG CORP | COM | 80706P103 |  | 672554 | 18060 | SH |  | SOLE |  | 18060 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 12552732 | 70233 | SH |  | SOLE |  | 70233 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1034464284 | 1124076 | SH |  | SOLE |  | 1124076 | 0 | 0 |
| SERVICETITAN INC | SHS CL A | 81764X103 |  | 226061 | 2242 | SH |  | SOLE |  | 2242 | 0 | 0 |
| SES AI CORPORATION | CL A COM | 78397Q109 |  | 666554 | 399134 | SH |  | SOLE |  | 399134 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 1643761194 | 11060906 | SH |  | SOLE |  | 11060906 | 0 | 0 |
| SIONNA THERAPEUTICS INC | COM | 829401108 |  | 919298 | 31258 | SH |  | SOLE |  | 31258 | 0 | 0 |
| SKYWEST INC | COM | 830879102 |  | 1227463 | 12199 | SH |  | SOLE |  | 12199 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 3783820 | 143218 | SH |  | SOLE |  | 143218 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1669791 | 2507 | SH |  | SOLE |  | 2507 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 7730097 | 11075 | SH |  | SOLE |  | 11075 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 751344526 | 8881141 | SH |  | SOLE |  | 8881141 | 0 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 1111773 | 3273 | SH |  | SOLE |  | 3273 | 0 | 0 |
| STRATASYS LTD | SHS | M85548101 |  | 591674 | 52828 | SH |  | SOLE |  | 52828 | 0 | 0 |
| STRIDE INC | COM | 86333M108 |  | 1673043 | 11233 | SH |  | SOLE |  | 11233 | 0 | 0 |
| SWEETGREEN INC | COM CL A | 87043Q108 |  | 320261 | 40133 | SH |  | SOLE |  | 40133 | 0 | 0 |
| SYMBOTIC INC | CLASS A COM | 87151X101 |  | 451952 | 8385 | SH |  | SOLE |  | 8385 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 515493626 | 1044800 | SH |  | SOLE |  | 1044800 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 49450793 | 177059 | SH |  | SOLE |  | 177059 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 1715132 | 4032 | SH |  | SOLE |  | 4032 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 2008794 | 50920 | SH |  | SOLE |  | 50920 | 0 | 0 |
| TEMPUS AI INC | CL A | 88023B103 |  | 1359560 | 16845 | SH |  | SOLE |  | 16845 | 0 | 0 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 13103846 | 561433 | SH |  | SOLE |  | 561433 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 3820145 | 8590 | SH |  | SOLE |  | 8590 | 0 | 0 |
| THE REAL BROKERAGE INC | COM NEW | 75585H206 |  | 980737 | 234626 | SH |  | SOLE |  | 234626 | 0 | 0 |
| THE REALREAL INC | COM | 88339P101 |  | 766295 | 72088 | SH |  | SOLE |  | 72088 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 55541018 | 114513 | SH |  | SOLE |  | 114513 | 0 | 0 |
| THREDUP INC | CL A | 88556E102 |  | 1042997 | 110370 | SH |  | SOLE |  | 110370 | 0 | 0 |
| TRANSMEDICS GROUP INC | COM | 89377M109 |  | 638418 | 5690 | SH |  | SOLE |  | 5690 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 301371 | 3011 | SH |  | SOLE |  | 3011 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 447786864 | 4570653 | SH |  | SOLE |  | 4570653 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 511943 | 1483 | SH |  | SOLE |  | 1483 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 345745 | 8635 | SH |  | SOLE |  | 8635 | 0 | 0 |
| UNIVERSAL TECHNICAL INST INC | COM | 913915104 |  | 821790 | 25247 | SH |  | SOLE |  | 25247 | 0 | 0 |
| UPWORK INC | COM | 91688F104 |  | 211401 | 11384 | SH |  | SOLE |  | 11384 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 5575590 | 11625 | SH |  | SOLE |  | 11625 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 2552601 | 8690 | SH |  | SOLE |  | 8690 | 0 | 0 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 349160 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 631889 | 4586 | SH |  | SOLE |  | 4586 | 0 | 0 |
| VICTORY CAP HLDGS INC | COM CL A | 92645B103 |  | 1174423 | 18135 | SH |  | SOLE |  | 18135 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1481665609 | 4340224 | SH |  | SOLE |  | 4340224 | 0 | 0 |
| VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 |  | 7257574 | 210976 | SH |  | SOLE |  | 210976 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 534274 | 2727 | SH |  | SOLE |  | 2727 | 0 | 0 |
| VSE CORP | COM | 918284100 |  | 5721981 | 34420 | SH |  | SOLE |  | 34420 | 0 | 0 |
| WARBY PARKER INC | CL A COM | 93403J106 |  | 1840413 | 66730 | SH |  | SOLE |  | 66730 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 2667483 | 29861 | SH |  | SOLE |  | 29861 | 0 | 0 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 576861 | 6652 | SH |  | SOLE |  | 6652 | 0 | 0 |
| WILLIS LEASE FIN CORP | COM | 970646105 |  | 352595 | 2572 | SH |  | SOLE |  | 2572 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 75924342 | 219784 | SH |  | SOLE |  | 219784 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 448304542 | 1862271 | SH |  | SOLE |  | 1862271 | 0 | 0 |
| XERIS BIOPHARMA HOLDINGS INC | COM | 98422E103 |  | 1084175 | 133191 | SH |  | SOLE |  | 133191 | 0 | 0 |
| XOMETRY INC | CLASS A COM | 98423F109 |  | 451556 | 8290 | SH |  | SOLE |  | 8290 | 0 | 0 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 503830 | 6539 | SH |  | SOLE |  | 6539 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 1099874442 | 7516911 | SH |  | SOLE |  | 7516911 | 0 | 0 |

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