# EDGAR Filing Document

**Accession Number:** 0001061186
**File Stem:** 0001062993-26-000695
**Filing Date:** 2026-2
**Character Count:** 28557
**Document Hash:** fa569932109af6079a67648853f171e2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-26-000695.hdr.sgml**: 20260209

**ACCESSION NUMBER**: 0001062993-26-000695

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260209

**DATE AS OF CHANGE**: 20260209

**EFFECTIVENESS DATE**: 20260209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WCM INVESTMENT MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001061186

**ORGANIZATION NAME:**
- **EIN:** 953046237
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-07104
- **FILM NUMBER:** 26610618

**BUSINESS ADDRESS:**
- **STREET 1:** 281 BROOKS STREET
- **CITY:** LAGUNA BEACH
- **STATE:** CA
- **ZIP:** 92651
- **BUSINESS PHONE:** 9493800200

**MAIL ADDRESS:**
- **STREET 1:** 281 BROOKS STREET
- **CITY:** LAGUNA BEACH
- **STATE:** CA
- **ZIP:** 92651

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WCM INVESTMENT MANAGEMENT/CA
- **DATE OF NAME CHANGE:** 19990324

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** WCM INVESTMENT MANAGEMENT LLC<br>**Address:** 281 BROOKS STREET<br>LAGUNA BEACH, CA 92651

**Form 13F File Number:** 028-07104

**CRD Number (if applicable):** 000104702

**SEC File Number (if applicable):** 801-11916

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:** David Joerger<br>**Title:** Chief Compliance Officer<br>**Phone:** 949-380-0200

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

/s/ David Joerger  Laguna Beach, CA  02-09-2026<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:** 1

**Form 13F Information Table Entry Total:** 241

**Form 13F Information Table Value Total:** $48567796451

      (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.]

| No.   | Name                    | Form 13F File Number   |
|:---|:---|:---|
|  | First Trust Advisors LP |  |

### 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 |
| AAON INC | COM PAR $0.004 | 000360206 |  | 20847115 | 265163 | SH |  | SOLE |  | 216418 | 0 | 48745 |
| ACI WORLDWIDE INC | COM | 004498101 |  | 21281407 | 442257 | SH |  | SOLE |  | 377584 | 0 | 64673 |
| ACM RESH INC | COM CL A | 00108J109 |  | 440592 | 10960 | SH |  | SOLE |  | 10960 | 0 | 0 |
| ADDUS HOMECARE CORP | COM | 006739106 |  | 34225945 | 315069 | SH |  | SOLE |  | 315069 | 0 | 0 |
| ADVANCED DRAIN SYS INC DEL | COM | 00790R104 |  | 17277205 | 117572 | SH |  | SOLE |  | 95728 | 0 | 21844 |
| ADVANCED ENERGY INDS | COM | 007973100 |  | 21638067 | 101392 | SH |  | SOLE |  | 84814 | 0 | 16578 |
| AGILYSYS INC | COM | 00847J105 |  | 17549475 | 146919 | SH |  | SOLE |  | 119430 | 0 | 27489 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 8221067 | 55789 | SH |  | SOLE |  | 45329 | 0 | 10460 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 314792 | 1003 | SH |  | SOLE |  | 1003 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1427324482 | 6138238 | SH |  | SOLE |  | 5642200 | 0 | 496038 |
| AMER SPORTS INC | COM SHS | G0260P102 |  | 7393262 | 195848 | SH |  | SOLE |  | 195848 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 162711049 | 3408275 | SH |  | SOLE |  | 3317884 | 0 | 90391 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 270766 | 1988 | SH |  | SOLE |  | 1988 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 708034853 | 1986128 | SH |  | SOLE |  | 1962858 | 0 | 23270 |
| API GROUP CORP | COM STK | 00187Y100 |  | 2724980 | 70123 | SH |  | SOLE |  | 70123 | 0 | 0 |
| APPLIED INDL TECHNOLOGIES IN | COM | 03820C105 |  | 34915003 | 133692 | SH |  | SOLE |  | 108610 | 0 | 25082 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 3299499810 | 4756310 | SH |  | SOLE |  | 4376359 | 0 | 379951 |
| ARCH CAP GROUP LTD | ORD | G0450A105 |  | 1284023269 | 13283915 | SH |  | SOLE |  | 13133467 | 0 | 150448 |
| ARGAN INC | COM | 04010E109 |  | 71344011 | 226173 | SH |  | SOLE |  | 213732 | 0 | 12441 |
| ARROWHEAD PHARMACEUTICALS IN | COM | 04280A100 |  | 9341361 | 138905 | SH |  | SOLE |  | 113092 | 0 | 25813 |
| ASHLAND INC | COM | 044186104 |  | 9413663 | 159149 | SH |  | SOLE |  | 159149 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 2027411765 | 1890995 | SH |  | SOLE |  | 1869329 | 0 | 21666 |
| ASSURANT INC | COM | 04621X108 |  | 226634 | 936 | SH |  | SOLE |  | 936 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 246318868 | 2662619 | SH |  | SOLE |  | 2631045 | 0 | 31574 |
| ATRICURE INC | COM | 04963C209 |  | 14974363 | 372682 | SH |  | SOLE |  | 307350 | 0 | 65332 |
| AVERY DENNISON CORP | COM | 053611109 |  | 1788374 | 9764 | SH |  | SOLE |  | 9764 | 0 | 0 |
| AVIENT CORPORATION | COM | 05368V106 |  | 13880885 | 440663 | SH |  | SOLE |  | 353831 | 0 | 86832 |
| AXOGEN INC | COM | 05463X106 |  | 13112162 | 400616 | SH |  | SOLE |  | 326381 | 0 | 74235 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 6070684 | 69971 | SH |  | SOLE |  | 69971 | 0 | 0 |
| AXSOME THERAPEUTICS INC | COM | 05464T104 |  | 16673110 | 112058 | SH |  | SOLE |  | 98292 | 0 | 13766 |
| BAIDU INC | SPON ADR REP A | 056752108 |  | 5634622 | 42564 | SH |  | SOLE |  | 33006 | 0 | 9558 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 12210763 | 206542 | SH |  | SOLE |  | 167850 | 0 | 38692 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 1113495 | 18876 | SH |  | SOLE |  | 18876 | 0 | 0 |
| BLACK ROCK COFFEE BAR INC | CL A | 092244102 |  | 6678757 | 290760 | SH |  | SOLE |  | 227580 | 0 | 63180 |
| BOOT BARN HLDGS INC | COM | 099406100 |  | 15589728 | 87455 | SH |  | SOLE |  | 72929 | 0 | 14526 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 1117168 | 13120 | SH |  | SOLE |  | 13120 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 13177902 | 174588 | SH |  | SOLE |  | 149835 | 0 | 24753 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 3340691 | 59075 | SH |  | SOLE |  | 59075 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 9217080 | 199116 | SH |  | SOLE |  | 199116 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 1529394 | 19065 | SH |  | SOLE |  | 19065 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 3057577 | 17536 | SH |  | SOLE |  | 8055 | 0 | 9481 |
| CADRE HLDGS INC | COM | 12763L105 |  | 15510918 | 371519 | SH |  | SOLE |  | 371519 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 141879419 | 4183999 | SH |  | SOLE |  | 4103065 | 0 | 80934 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 1211442428 | 16306938 | SH |  | SOLE |  | 16115920 | 0 | 191018 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 835612037 | 4032682 | SH |  | SOLE |  | 3696760 | 0 | 335922 |
| CARLISLE COS INC | COM | 142339100 |  | 354015 | 1092 | SH |  | SOLE |  | 1092 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 138245000 | 433914 | SH |  | SOLE |  | 433914 | 0 | 0 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 15740415 | 156949 | SH |  | SOLE |  | 132182 | 0 | 24767 |
| CBIZ INC | COM | 124805102 |  | 14085773 | 274630 | SH |  | SOLE |  | 274630 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 |  | 378553 | 2318 | SH |  | SOLE |  | 2318 | 0 | 0 |
| CDW CORP | COM | 12514G108 |  | 401193 | 2899 | SH |  | SOLE |  | 2899 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 157102665 | 524725 | SH |  | SOLE |  | 513994 | 0 | 10731 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 70099380 | 6037845 | SH |  | SOLE |  | 5778096 | 0 | 259749 |
| CENTESSA PHARMACEUTICALS PLC | SPONSORED ADS | 152309100 |  | 6362881 | 257190 | SH |  | SOLE |  | 209310 | 0 | 47880 |
| CGI INC | CL A SUB VTG | 12532H104 |  | 3921524 | 42176 | SH |  | SOLE |  | 32683 | 0 | 9493 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 20649223 | 102234 | SH |  | SOLE |  | 83181 | 0 | 19053 |
| CHEFS WHSE INC | COM | 163086101 |  | 21735292 | 347876 | SH |  | SOLE |  | 271644 | 0 | 76232 |
| CHEMED CORP NEW | COM | 16359R103 |  | 274432 | 637 | SH |  | SOLE |  | 637 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 6761549 | 21524 | SH |  | SOLE |  | 16746 | 0 | 4778 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 17727700 | 154638 | SH |  | SOLE |  | 125255 | 0 | 29383 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 |  | 10411803 | 432025 | SH |  | SOLE |  | 339558 | 0 | 92467 |
| COGNEX CORP | COM | 192422103 |  | 13825328 | 380130 | SH |  | SOLE |  | 380130 | 0 | 0 |
| COMFORT SYS USA INC | COM | 199908104 |  | 88733023 | 93706 | SH |  | SOLE |  | 92090 | 0 | 1616 |
| COMMVAULT SYS INC | COM | 204166102 |  | 15260698 | 120362 | SH |  | SOLE |  | 99357 | 0 | 21005 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 10686368 | 442683 | SH |  | SOLE |  | 360708 | 0 | 81975 |
| CORNING INC | COM | 219350105 |  | 730853062 | 8224770 | SH |  | SOLE |  | 7494944 | 0 | 729826 |
| CORTEVA INC | COM | 22052L104 |  | 593212009 | 8805284 | SH |  | SOLE |  | 8020669 | 0 | 784615 |
| COUPANG INC | CL A | 22266T109 |  | 1164309250 | 48251523 | SH |  | SOLE |  | 47636229 | 0 | 615294 |
| CREDICORP LTD | COM | G2519Y108 |  | 82939710 | 285999 | SH |  | SOLE |  | 274525 | 0 | 11474 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 9670367 | 66729 | SH |  | SOLE |  | 63602 | 0 | 3127 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 16050344 | 53131 | SH |  | SOLE |  | 53131 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 2569695 | 70771 | SH |  | SOLE |  | 0 | 0 | 70771 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 2445463 | 4378 | SH |  | SOLE |  | 4378 | 0 | 0 |
| CUSHMAN AND WAKEFIELD LTD | COMMON SHARES | G2717C106 |  | 23990408 | 1461048 | SH |  | SOLE |  | 1461048 | 0 | 0 |
| DORMAN PRODS INC | COM | 258278100 |  | 16247408 | 129276 | SH |  | SOLE |  | 129276 | 0 | 0 |
| DUCOMMUN INC DEL | COM | 264147109 |  | 12059882 | 126746 | SH |  | SOLE |  | 103324 | 0 | 23422 |
| DYCOM INDS INC | COM | 267475101 |  | 14504798 | 42330 | SH |  | SOLE |  | 37594 | 0 | 4736 |
| DYNATRACE INC | COM NEW | 268150109 |  | 2233489 | 50646 | SH |  | SOLE |  | 50646 | 0 | 0 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 4884591 | 42821 | SH |  | SOLE |  | 0 | 0 | 42821 |
| EASTGROUP PPTYS INC | COM | 277276101 |  | 21297573 | 117342 | SH |  | SOLE |  | 94562 | 0 | 22780 |
| ELEMENT SOLUTIONS INC | COM | 28618M106 |  | 26113513 | 1033380 | SH |  | SOLE |  | 1033380 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 17206896 | 15936 | SH |  | SOLE |  | 15936 | 0 | 0 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 2725973 | 42061 | SH |  | SOLE |  | 3443 | 0 | 38618 |
| ENERGY FUELS INC | COM NEW | 292671708 |  | 4589858 | 323002 | SH |  | SOLE |  | 262609 | 0 | 60393 |
| ENSIGN GROUP INC | COM | 29358P101 |  | 35149255 | 198898 | SH |  | SOLE |  | 180638 | 0 | 18260 |
| ENTEGRIS INC | COM | 29362U104 |  | 1651011 | 19045 | SH |  | SOLE |  | 19045 | 0 | 0 |
| EPLUS INC | COM | 294268107 |  | 28302650 | 319443 | SH |  | SOLE |  | 319443 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 |  | 35677392 | 103822 | SH |  | SOLE |  | 81911 | 0 | 21911 |
| EVOTEC AG | SPONSORED ADS | 30050E105 |  | 1745150 | 559343 | SH |  | SOLE |  | 559343 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 993882849 | 4406095 | SH |  | SOLE |  | 4354281 | 0 | 51814 |
| FERRARI N V | COM | N3167Y103 |  | 158128126 | 424528 | SH |  | SOLE |  | 418823 | 0 | 5705 |
| FIGMA INC | CLASS A COM STK | 316841105 |  | 2257800 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| FIREFLY AEROSPACE INC | COM | 31816X106 |  | 15480066 | 681341 | SH |  | SOLE |  | 681341 | 0 | 0 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 76629861 | 387646 | SH |  | SOLE |  | 387646 | 0 | 0 |
| FULL TRUCK ALLIANCE CO LTD | SPONSORED ADS | 35969L108 |  | 290312 | 26561 | SH |  | SOLE |  | 26561 | 0 | 0 |
| FUTU HLDGS LTD | SPON ADS CL A | 36118L106 |  | 215512 | 1304 | SH |  | SOLE |  | 1304 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 623232443 | 2380294 | SH |  | SOLE |  | 2173627 | 0 | 206667 |
| GE AEROSPACE | COM NEW | 369604301 |  | 721044619 | 2312597 | SH |  | SOLE |  | 2115451 | 0 | 197146 |
| GE VERNOVA INC | COM | 36828A101 |  | 394152710 | 597527 | SH |  | SOLE |  | 548447 | 0 | 49080 |
| GENIUS SPORTS LIMITED | SHARES CL A | G3934V109 |  | 5429709 | 477547 | SH |  | SOLE |  | 477547 | 0 | 0 |
| GLAUKOS CORP | COM | 377322102 |  | 11123206 | 97367 | SH |  | SOLE |  | 83293 | 0 | 14074 |
| GODADDY INC | CL A | 380237107 |  | 413661798 | 3280947 | SH |  | SOLE |  | 2990730 | 0 | 290217 |
| GRAB HOLDINGS LIMITED | CLASS A ORD | G4124C109 |  | 4903324 | 967125 | SH |  | SOLE |  | 967125 | 0 | 0 |
| GRACO INC | COM | 384109104 |  | 1593749 | 19181 | SH |  | SOLE |  | 19181 | 0 | 0 |
| GRUPO AEROPUERTO DEL PACIFIC | SPON ADS B | 400506101 |  | 4503707 | 17112 | SH |  | SOLE |  | 10436 | 0 | 6676 |
| GUARDANT HEALTH INC | COM | 40131M109 |  | 10857859 | 107931 | SH |  | SOLE |  | 94576 | 0 | 13355 |
| HAGERTY INC | CL A COM | 405166109 |  | 134408 | 10023 | SH |  | SOLE |  | 10023 | 0 | 0 |
| HALEON PLC | SPON ADS | 405552100 |  | 10213479 | 1013242 | SH |  | SOLE |  | 710595 | 0 | 302647 |
| HAYWARD HLDGS INC | COM | 421298100 |  | 20553372 | 1304976 | SH |  | SOLE |  | 1304976 | 0 | 0 |
| HEALTHEQUITY INC | COM | 42226A107 |  | 21641300 | 233960 | SH |  | SOLE |  | 192873 | 0 | 41087 |
| HILLMAN SOLUTIONS CORP | COM | 431636109 |  | 19048772 | 2169564 | SH |  | SOLE |  | 2169564 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 1815278 | 4473 | SH |  | SOLE |  | 4473 | 0 | 0 |
| HUYA INC | ADS REP SHS A | 44852D108 |  | 216123 | 74525 | SH |  | SOLE |  | 74525 | 0 | 0 |
| ICF INTL INC | COM | 44925C103 |  | 14873858 | 171972 | SH |  | SOLE |  | 171972 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 1591259572 | 53308528 | SH |  | SOLE |  | 51138233 | 0 | 2170295 |
| ICON PLC | SHS | G4705A100 |  | 4418535 | 24145 | SH |  | SOLE |  | 17493 | 0 | 6652 |
| ICU MED INC | COM | 44930G107 |  | 23896202 | 165223 | SH |  | SOLE |  | 165223 | 0 | 0 |
| IDEAYA BIOSCIENCES INC | COM | 45166A102 |  | 7566939 | 219268 | SH |  | SOLE |  | 182253 | 0 | 37015 |
| IDEX CORP | COM | 45167R104 |  | 410013 | 2287 | SH |  | SOLE |  | 2287 | 0 | 0 |
| ILLUMINA INC | COM | 452327109 |  | 540468394 | 4071325 | SH |  | SOLE |  | 3719637 | 0 | 351688 |
| INSIGHT ENTERPRISES INC | COM | 45765U103 |  | 11851131 | 142888 | SH |  | SOLE |  | 142888 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 1804965 | 10368 | SH |  | SOLE |  | 10368 | 0 | 0 |
| INSTALLED BLDG PRODS INC | COM | 45780R101 |  | 20746085 | 78444 | SH |  | SOLE |  | 64438 | 0 | 14006 |
| INTER  CO INC | CLASS A COM | G4R20B107 |  | 93920818 | 11049508 | SH |  | SOLE |  | 10652765 | 0 | 396743 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 |  | 255840 | 3936 | SH |  | SOLE |  | 3936 | 0 | 0 |
| INTERPARFUMS INC | COM | 458334109 |  | 12531375 | 148055 | SH |  | SOLE |  | 148055 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 |  | 13087752 | 73292 | SH |  | SOLE |  | 59495 | 0 | 13797 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 147225979 | 1526607 | SH |  | SOLE |  | 1526607 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1230531 | 2580 | SH |  | SOLE |  | 2580 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 19922447 | 139895 | SH |  | SOLE |  | 139895 | 0 | 0 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 27016322 | 503660 | SH |  | SOLE |  | 503660 | 0 | 0 |
| ISHARES TR | MSCI SAUDI ARBIA | 46434V423 |  | 50686 | 1406 | SH |  | SOLE |  | 1406 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 840799 | 8377 | SH |  | SOLE |  | 8377 | 0 | 0 |
| ITRON INC | COM | 465741106 |  | 5495305 | 58318 | SH |  | SOLE |  | 58318 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 3008422 | 8871 | SH |  | SOLE |  | 8871 | 0 | 0 |
| KANZHUN LIMITED | SPONSORED ADS | 48553T106 |  | 6590790 | 322288 | SH |  | SOLE |  | 271080 | 0 | 51208 |
| KARMAN HLDGS INC | COMMON STOCK | 485924104 |  | 17110142 | 229297 | SH |  | SOLE |  | 186799 | 0 | 42498 |
| KASPI KZ JSC | SPONSORED ADS | 48581R205 |  | 19611198 | 248086 | SH |  | SOLE |  | 226502 | 0 | 21584 |
| KLARNA GROUP PLC | SHS | G5279N105 |  | 3521412 | 121219 | SH |  | SOLE |  | 121219 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 21820088 | 287182 | SH |  | SOLE |  | 250060 | 0 | 37122 |
| KYMERA THERAPEUTICS INC | COM | 501575104 |  | 8217755 | 105194 | SH |  | SOLE |  | 85711 | 0 | 19483 |
| LANDSTAR SYS INC | COM | 515098101 |  | 16807492 | 115778 | SH |  | SOLE |  | 115778 | 0 | 0 |
| LIGAND PHARMACEUTICALS INC | COM NEW | 53220K504 |  | 8677114 | 45621 | SH |  | SOLE |  | 37033 | 0 | 8588 |
| LINDE PLC | SHS | G54950103 |  | 1402471051 | 3274048 | SH |  | SOLE |  | 3137246 | 0 | 136802 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 619299955 | 1721473 | SH |  | SOLE |  | 1582787 | 0 | 138686 |
| MADRIGAL PHARMACEUTICALS INC | COM | 558868105 |  | 10071677 | 17254 | SH |  | SOLE |  | 15291 | 0 | 1963 |
| MARKEL GROUP INC | COM | 570535104 |  | 573875 | 264 | SH |  | SOLE |  | 264 | 0 | 0 |
| MASCO CORP | COM | 574599106 |  | 1555630 | 24231 | SH |  | SOLE |  | 24231 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 781058318 | 944071 | SH |  | SOLE |  | 863633 | 0 | 80438 |
| MEDLINE INC | COM CL A | 58507V107 |  | 307046519 | 7324583 | SH |  | SOLE |  | 6696209 | 0 | 628374 |
| MELCO RESORTS AND ENTMNT LTD | ADR | 585464100 |  | 30996283 | 4073099 | SH |  | SOLE |  | 3897246 | 0 | 175853 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 985302274 | 487561 | SH |  | SOLE |  | 481898 | 0 | 5663 |
| MERCURY SYS INC | COM | 589378108 |  | 19562053 | 264889 | SH |  | SOLE |  | 208250 | 0 | 56639 |
| META PLATFORMS INC | CL A | 30303M102 |  | 15496657 | 23270 | SH |  | SOLE |  | 23270 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 947157134 | 1942966 | SH |  | SOLE |  | 1777814 | 0 | 165152 |
| MKS INC. | COM | 55306N104 |  | 3002732 | 18556 | SH |  | SOLE |  | 18556 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 1111679 | 6514 | SH |  | SOLE |  | 6514 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 546682796 | 3761924 | SH |  | SOLE |  | 3710374 | 0 | 51550 |
| NATERA INC | COM | 632307104 |  | 1529367 | 6650 | SH |  | SOLE |  | 6650 | 0 | 0 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 |  | 13913797 | 163365 | SH |  | SOLE |  | 140358 | 0 | 23007 |
| NOVANTA INC | COM | 67000B104 |  | 23750472 | 196496 | SH |  | SOLE |  | 159793 | 0 | 36703 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 128474693 | 2508292 | SH |  | SOLE |  | 2476188 | 0 | 32104 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 1248083484 | 73938595 | SH |  | SOLE |  | 72977060 | 0 | 961535 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 849030713 | 4527198 | SH |  | SOLE |  | 4153734 | 0 | 373464 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 26011862 | 228515 | SH |  | SOLE |  | 213018 | 0 | 15497 |
| PENNANT GROUP INC | COM | 70805E109 |  | 18875808 | 655410 | SH |  | SOLE |  | 655410 | 0 | 0 |
| PENUMBRA INC | COM | 70975L107 |  | 12901726 | 41053 | SH |  | SOLE |  | 33346 | 0 | 7707 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 |  | 17591998 | 194990 | SH |  | SOLE |  | 159315 | 0 | 35675 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1750066814 | 10806217 | SH |  | SOLE |  | 10746682 | 0 | 59535 |
| PLANET FITNESS INC | CL A | 72703H101 |  | 18284120 | 167437 | SH |  | SOLE |  | 137344 | 0 | 30093 |
| POOL CORP | COM | 73278L105 |  | 972343 | 4208 | SH |  | SOLE |  | 4208 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 16515700 | 63400 | SH |  | SOLE |  | 44648 | 0 | 18752 |
| PTC INC | COM | 69370C100 |  | 1381705 | 7877 | SH |  | SOLE |  | 7877 | 0 | 0 |
| PTC THERAPEUTICS INC | COM | 69366J200 |  | 8401243 | 110267 | SH |  | SOLE |  | 94191 | 0 | 16076 |
| QCR HOLDINGS INC | COM | 74727A104 |  | 5049031 | 60986 | SH |  | SOLE |  | 60986 | 0 | 0 |
| QUAKER HOUGHTON | COM | 747316107 |  | 17114970 | 123147 | SH |  | SOLE |  | 123147 | 0 | 0 |
| RADNET INC | COM | 750491102 |  | 19175334 | 268224 | SH |  | SOLE |  | 227643 | 0 | 40581 |
| RAMBUS INC DEL | COM | 750917106 |  | 16321337 | 172366 | SH |  | SOLE |  | 146757 | 0 | 25609 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 21192188 | 148832 | SH |  | SOLE |  | 120118 | 0 | 28714 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 562942784 | 2747939 | SH |  | SOLE |  | 2548704 | 0 | 199235 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 5748658 | 139836 | SH |  | SOLE |  | 107852 | 0 | 31984 |
| RENTOKIL INITIAL PLC | SPONSORED ADR | 760125104 |  | 6348757 | 212333 | SH |  | SOLE |  | 123844 | 0 | 88489 |
| REPLIGEN CORP | COM | 759916109 |  | 10595790 | 63604 | SH |  | SOLE |  | 53221 | 0 | 10383 |
| REVOLUTION MEDICINES INC | COM | 76155X100 |  | 9338519 | 117215 | SH |  | SOLE |  | 95427 | 0 | 21788 |
| REXFORD INDL RLTY INC | COM | 76169C100 |  | 2165682 | 54510 | SH |  | SOLE |  | 0 | 0 | 54510 |
| RH | COM | 74967X103 |  | 18219744 | 100147 | SH |  | SOLE |  | 83090 | 0 | 17057 |
| RHYTHM PHARMACEUTICALS INC | COM | 76243J105 |  | 4783382 | 44805 | SH |  | SOLE |  | 42709 | 0 | 2096 |
| RLI CORP | COM | 749607107 |  | 1847154 | 28607 | SH |  | SOLE |  | 28607 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 595463969 | 5157765 | SH |  | SOLE |  | 4717253 | 0 | 440512 |
| ROCKET LAB CORP | COM | 773121108 |  | 2372333 | 33674 | SH |  | SOLE |  | 33674 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 4282071 | 54990 | SH |  | SOLE |  | 27818 | 0 | 27172 |
| SAIA INC | COM | 78709Y105 |  | 20933764 | 62989 | SH |  | SOLE |  | 51739 | 0 | 11250 |
| SAP SE | SPON ADR | 803054204 |  | 273875458 | 1119733 | SH |  | SOLE |  | 1100897 | 0 | 18836 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 3319453672 | 25862514 | SH |  | SOLE |  | 25017072 | 0 | 845442 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 1443776642 | 5154872 | SH |  | SOLE |  | 5094416 | 0 | 60456 |
| SEMTECH CORP | COM | 816850101 |  | 21371521 | 284347 | SH |  | SOLE |  | 234229 | 0 | 50118 |
| SERVICETITAN INC | SHS CL A | 81764X103 |  | 19663672 | 183464 | SH |  | SOLE |  | 156817 | 0 | 26647 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 86465679 | 760539 | SH |  | SOLE |  | 707274 | 0 | 53265 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 1097169179 | 6700679 | SH |  | SOLE |  | 6623927 | 0 | 76752 |
| SITEONE LANDSCAPE SUPPLY INC | COM | 82982L103 |  | 15755698 | 124374 | SH |  | SOLE |  | 102320 | 0 | 22054 |
| SKYWARD SPECIALTY INS GROUP | COM | 830940102 |  | 16761445 | 323705 | SH |  | SOLE |  | 323705 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 4140656 | 107410 | SH |  | SOLE |  | 82779 | 0 | 24631 |
| SONY GROUP CORP | SPONSORED ADR | 835699307 |  | 11459726 | 445557 | SH |  | SOLE |  | 350572 | 0 | 94985 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 1416168070 | 2455726 | SH |  | SOLE |  | 2428445 | 0 | 27281 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 16047358 | 52156 | SH |  | SOLE |  | 43962 | 0 | 8194 |
| STEWART INFORMATION SVCS COR | COM | 860372101 |  | 7117648 | 101290 | SH |  | SOLE |  | 101290 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 2941634591 | 9819196 | SH |  | SOLE |  | 9272734 | 0 | 546462 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 2646415 | 10261 | SH |  | SOLE |  | 10261 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 121647193 | 939143 | SH |  | SOLE |  | 939143 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 2529912 | 4884 | SH |  | SOLE |  | 4884 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 80714858 | 400968 | SH |  | SOLE |  | 400968 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 1605626 | 47266 | SH |  | SOLE |  | 47266 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 438981825 | 14007078 | SH |  | SOLE |  | 13940284 | 0 | 66794 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 21276540 | 127100 | SH |  | SOLE |  | 101999 | 0 | 25101 |
| TOAST INC | CL A | 888787108 |  | 1972978 | 54367 | SH |  | SOLE |  | 54367 | 0 | 0 |
| TOPBUILD CORP | COM | 89055F103 |  | 23026083 | 54165 | SH |  | SOLE |  | 44903 | 0 | 9262 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 22442448 | 185982 | SH |  | SOLE |  | 185982 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 9289794 | 23716 | SH |  | SOLE |  | 17708 | 0 | 6008 |
| TRIP COM GROUP LTD | ADS | 89677Q107 |  | 237571 | 3285 | SH |  | SOLE |  | 3285 | 0 | 0 |
| TRIUMPH FINANCIAL INC | COM | 89679E300 |  | 5641407 | 89660 | SH |  | SOLE |  | 89660 | 0 | 0 |
| UBS GROUP AG | SHS | H42097107 |  | 242419876 | 5211089 | SH |  | SOLE |  | 5086727 | 0 | 124362 |
| ULTRAGENYX PHARMACEUTICAL IN | COM | 90400D108 |  | 3719336 | 163272 | SH |  | SOLE |  | 144021 | 0 | 19251 |
| UMB FINL CORP | COM | 902788108 |  | 21595718 | 185085 | SH |  | SOLE |  | 140216 | 0 | 44869 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 3734492 | 317289 | SH |  | SOLE |  | 301408 | 0 | 15881 |
| VARONIS SYS INC | COM | 922280102 |  | 9570137 | 289128 | SH |  | SOLE |  | 241612 | 0 | 47516 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 29368564 | 1300645 | SH |  | SOLE |  | 1300645 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 512338252 | 1129145 | SH |  | SOLE |  | 1029944 | 0 | 99201 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 6384567 | 88527 | SH |  | SOLE |  | 88527 | 0 | 0 |
| VIRTUS INVT PARTNERS INC | COM | 92828Q109 |  | 14412584 | 87812 | SH |  | SOLE |  | 87812 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 737745793 | 2086267 | SH |  | SOLE |  | 1899939 | 0 | 186328 |
| VISTA ENERGY S.A.B. DE C.V. | SPONSORED ADS | 92837L109 |  | 16726512 | 345090 | SH |  | SOLE |  | 345090 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 1119920334 | 6286390 | SH |  | SOLE |  | 6019348 | 0 | 267042 |
| WATSCO INC | COM | 942622200 |  | 1457963 | 4250 | SH |  | SOLE |  | 4250 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 616928956 | 3281537 | SH |  | SOLE |  | 3001812 | 0 | 279725 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 1178054257 | 6691209 | SH |  | SOLE |  | 6128890 | 0 | 562319 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 22203819 | 10682 | SH |  | SOLE |  | 10682 | 0 | 0 |
| WINGSTOP INC | COM | 974155103 |  | 23287977 | 96900 | SH |  | SOLE |  | 79268 | 0 | 17632 |
| WOLVERINE WORLD WIDE INC | COM | 978097103 |  | 22070974 | 1224125 | SH |  | SOLE |  | 1224125 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 16165468 | 211065 | SH |  | SOLE |  | 211065 | 0 | 0 |
| YETI HLDGS INC | COM | 98585X104 |  | 19608106 | 442521 | SH |  | SOLE |  | 442521 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 1343253 | 5444 | SH |  | SOLE |  | 5444 | 0 | 0 |

---