# EDGAR Filing Document

**Accession Number:** 0001034524
**File Stem:** 0001172661-26-000654
**Filing Date:** 2026-2
**Character Count:** 26835
**Document Hash:** b070bf6968d6b681d8c7866cb6abfc7b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-000654.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001172661-26-000654

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**EFFECTIVENESS DATE**: 20260212

**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:** 26623278

**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:** 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:** 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:** Brian D. Goldberg<br>**Title:** General Counsel and Chief Compliance Officer<br>**Phone:** 561-995-4524

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

/s/ Brian D. Goldberg  Boca Raton, FL  02-11-2026<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:** 0

**Form 13F Information Table Entry Total:** 234

**Form 13F Information Table Value Total:** $23420875210

      (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 |  | 496427772 | 3962230 | SH |  | SOLE |  | 3962230 | 0 | 0 |
| ABCELLERA BIOLOGICS INC | COM | 00288U106 |  | 350577 | 102508 | SH |  | SOLE |  | 102508 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 505130377 | 1882707 | SH |  | SOLE |  | 1882707 | 0 | 0 |
| ACUITY INC | COM | 00508Y102 |  | 382002 | 1061 | SH |  | SOLE |  | 1061 | 0 | 0 |
| ADAPTIVE BIOTECHNOLOGIES COR | COM | 00650F109 |  | 5290456 | 325767 | SH |  | SOLE |  | 325767 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 470942284 | 1345588 | SH |  | SOLE |  | 1345588 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 398400 | 49368 | SH |  | SOLE |  | 49368 | 0 | 0 |
| AEHR TEST SYS | COM | 00760J108 |  | 607941 | 30111 | SH |  | SOLE |  | 30111 | 0 | 0 |
| AEROVIRONMENT INC | COM | 008073108 |  | 408552 | 1689 | SH |  | SOLE |  | 1689 | 0 | 0 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 2453883 | 32969 | SH |  | SOLE |  | 32969 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 411330740 | 3030730 | SH |  | SOLE |  | 3030730 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 9660396 | 30864 | SH |  | SOLE |  | 30864 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1260886646 | 4018121 | SH |  | SOLE |  | 4018121 | 0 | 0 |
| ALPHATEC HLDGS INC | COM NEW | 02081G201 |  | 2014811 | 95761 | SH |  | SOLE |  | 95761 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1997451824 | 8653721 | SH |  | SOLE |  | 8653721 | 0 | 0 |
| AMERICAN PUB ED INC | COM | 02913V103 |  | 533623 | 14117 | SH |  | SOLE |  | 14117 | 0 | 0 |
| AMERICAN SUPERCONDUCTOR CORP | SHS NEW | 030111207 |  | 678201 | 23565 | SH |  | SOLE |  | 23565 | 0 | 0 |
| AMPRIUS TECHNOLOGIES INC | COMMON STOCK | 03214Q108 |  | 2274608 | 288290 | SH |  | SOLE |  | 288290 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 |  | 651520305 | 1846294 | SH |  | SOLE |  | 1846294 | 0 | 0 |
| APPIAN CORP | CL A | 03782L101 |  | 367164 | 10366 | SH |  | SOLE |  | 10366 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 2099744 | 7724 | SH |  | SOLE |  | 7724 | 0 | 0 |
| ARGAN INC | COM | 04010E109 |  | 7797282 | 24886 | SH |  | SOLE |  | 24886 | 0 | 0 |
| ARMSTRONG WORLD INDS INC NEW | COM | 04247X102 |  | 288752 | 1511 | SH |  | SOLE |  | 1511 | 0 | 0 |
| ARTIVION INC | COM | 228903100 |  | 1152063 | 25259 | SH |  | SOLE |  | 25259 | 0 | 0 |
| ASCENDIS PHARMA A/S | SPONSORED ADR | 04351P101 |  | 258234 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 11977312 | 11195 | SH |  | SOLE |  | 11195 | 0 | 0 |
| ASP ISOTOPES INC | COM | 00218A105 |  | 746384 | 139511 | SH |  | SOLE |  | 139511 | 0 | 0 |
| ASTEC INDS INC | COM | 046224101 |  | 967942 | 22344 | SH |  | SOLE |  | 22344 | 0 | 0 |
| ASTRONICS CORP | COM | 046433108 |  | 2912200 | 53691 | SH |  | SOLE |  | 53691 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 349785 | 1182 | SH |  | SOLE |  | 1182 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 508394 | 1976 | SH |  | SOLE |  | 1976 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 946554 | 10986 | SH |  | SOLE |  | 10986 | 0 | 0 |
| AXT INC | COM | 00246W103 |  | 363215 | 22215 | SH |  | SOLE |  | 22215 | 0 | 0 |
| BABCOCK  WILCOX ENTERPRISES | COM | 05614L209 |  | 775255 | 122280 | SH |  | SOLE |  | 122280 | 0 | 0 |
| BEL FUSE INC | CL B | 077347300 |  | 3820407 | 22522 | SH |  | SOLE |  | 22522 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 6554460 | 75434 | SH |  | SOLE |  | 75434 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 |  | 1876824 | 21600 | SH | Put | SOLE |  | 21600 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 383264286 | 4019552 | SH |  | SOLE |  | 4019552 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 2925054 | 38241 | SH |  | SOLE |  | 38241 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 1222299638 | 3531637 | SH |  | SOLE |  | 3531637 | 0 | 0 |
| BROOKDALE SR LIVING INC | COM | 112463104 |  | 2164345 | 200588 | SH |  | SOLE |  | 200588 | 0 | 0 |
| BUTTERFLY NETWORK INC | COM CL A | 124155102 |  | 1797290 | 472971 | SH |  | SOLE |  | 472971 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 5587572 | 32328 | SH |  | SOLE |  | 32328 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 2160500 | 12500 | SH | Put | SOLE |  | 12500 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 2577639 | 28174 | SH |  | SOLE |  | 28174 | 0 | 0 |
| CANADIAN SOLAR INC | COM | 136635109 |  | 528241 | 22223 | SH |  | SOLE |  | 22223 | 0 | 0 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 1908560 | 6062 | SH |  | SOLE |  | 6062 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 3787207 | 8974 | SH |  | SOLE |  | 8974 | 0 | 0 |
| CECO ENVIRONMENTAL CORP | COM | 125141101 |  | 4176034 | 69775 | SH |  | SOLE |  | 69775 | 0 | 0 |
| CELCUITY INC | COM | 15102K100 |  | 464788 | 4660 | SH |  | SOLE |  | 4660 | 0 | 0 |
| CENTRAL PAC FINL CORP | COM NEW | 154760409 |  | 690194 | 22150 | SH |  | SOLE |  | 22150 | 0 | 0 |
| CLEAR CHANNEL OUTDOOR HLDGS | COM | 18453H106 |  | 211966 | 95912 | SH |  | SOLE |  | 95912 | 0 | 0 |
| CLEAR SECURE INC | COM CL A | 18467V109 |  | 1379521 | 39325 | SH |  | SOLE |  | 39325 | 0 | 0 |
| COMPOSECURE INC | COM CL A | 20459V105 |  | 643856 | 33395 | SH |  | SOLE |  | 33395 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 993395 | 2812 | SH |  | SOLE |  | 2812 | 0 | 0 |
| CONSTRUCTION PARTNERS INC | COM CL A | 21044C107 |  | 1152258 | 10615 | SH |  | SOLE |  | 10615 | 0 | 0 |
| COOPER STD HLDGS INC | COM | 21676P103 |  | 250657 | 7635 | SH |  | SOLE |  | 7635 | 0 | 0 |
| CORPORACION AMER ARPTS S A | COM | L1995B107 |  | 1349894 | 51919 | SH |  | SOLE |  | 51919 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 328866546 | 4890936 | SH |  | SOLE |  | 4890936 | 0 | 0 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 1138889 | 7915 | SH |  | SOLE |  | 7915 | 0 | 0 |
| CURTISS WRIGHT CORP | COM | 231561101 |  | 667588 | 1211 | SH |  | SOLE |  | 1211 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 608967 | 9584 | SH |  | SOLE |  | 9584 | 0 | 0 |
| DAVE INC | CLASS A COM NEW | 23834J201 |  | 2613745 | 11805 | SH |  | SOLE |  | 11805 | 0 | 0 |
| DENALI THERAPEUTICS INC | COM | 24823R105 |  | 444119 | 26900 | SH |  | SOLE |  | 26900 | 0 | 0 |
| DLOCAL LTD | CLASS A COM | G29018101 |  | 6600679 | 466809 | SH |  | SOLE |  | 466809 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1339147991 | 1246090 | SH |  | SOLE |  | 1246090 | 0 | 0 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 510068 | 7924 | SH |  | SOLE |  | 7924 | 0 | 0 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 241577 | 21080 | SH |  | SOLE |  | 21080 | 0 | 0 |
| ERMENEGILDO ZEGNA N V | ORD SHS | N30577105 |  | 438372 | 42768 | SH |  | SOLE |  | 42768 | 0 | 0 |
| ERO COPPER CORP | COM | 296006109 |  | 1288440 | 45544 | SH |  | SOLE |  | 45544 | 0 | 0 |
| ESPERION THERAPEUTICS INC NE | COM | 29664W105 |  | 430280 | 116292 | SH |  | SOLE |  | 116292 | 0 | 0 |
| ESQUIRE FINL HLDGS INC | COM | 29667J101 |  | 1195138 | 11709 | SH |  | SOLE |  | 11709 | 0 | 0 |
| ESTABLISHMENT LABS HLDGS INC | COM | G31249108 |  | 1273578 | 17475 | SH |  | SOLE |  | 17475 | 0 | 0 |
| FIGS INC | CL A | 30260D103 |  | 554686 | 48828 | SH |  | SOLE |  | 48828 | 0 | 0 |
| FIGURE TECHNOLOGY SOLUTIO | COM CL A | 349381103 |  | 522875 | 12803 | SH |  | SOLE |  | 12803 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 2168731 | 8302 | SH |  | SOLE |  | 8302 | 0 | 0 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 540944 | 2748 | SH |  | SOLE |  | 2748 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 329216 | 12860 | SH |  | SOLE |  | 12860 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 2208301 | 8753 | SH |  | SOLE |  | 8753 | 0 | 0 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 7785522 | 59861 | SH |  | SOLE |  | 59861 | 0 | 0 |
| GLOBAL X FDS | S 500 CATHOLIC | 37954Y889 |  | 2266661 | 27566 | SH |  | SOLE |  | 27566 | 0 | 0 |
| GLOBANT S A | COM | L44385109 |  | 5913474 | 90462 | SH |  | SOLE |  | 90462 | 0 | 0 |
| GRAHAM CORP | COM | 384556106 |  | 399318 | 6217 | SH |  | SOLE |  | 6217 | 0 | 0 |
| GRAIL INC | COM | 384747101 |  | 1157690 | 13526 | SH |  | SOLE |  | 13526 | 0 | 0 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 408919 | 6526 | SH |  | SOLE |  | 6526 | 0 | 0 |
| GRID DYNAMICS HLDGS INC | CL A | 39813G109 |  | 175028 | 19383 | SH |  | SOLE |  | 19383 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 |  | 1152860 | 21373 | SH |  | SOLE |  | 21373 | 0 | 0 |
| GUARDANT HEALTH INC | COM | 40131M109 |  | 2008787 | 19667 | SH |  | SOLE |  | 19667 | 0 | 0 |
| HCI GROUP INC | COM | 40416E103 |  | 3474573 | 18126 | SH |  | SOLE |  | 18126 | 0 | 0 |
| HDFC BANK LTD | SPONSORED ADS | 40415F101 |  | 13410415 | 367007 | SH |  | SOLE |  | 367007 | 0 | 0 |
| HEALTHEQUITY INC | COM | 42226A107 |  | 456218 | 4980 | SH |  | SOLE |  | 4980 | 0 | 0 |
| HOLLEY INC | COM | 43538H103 |  | 318142 | 77032 | SH |  | SOLE |  | 77032 | 0 | 0 |
| HOWARD HUGHES HOLDINGS INC | COM | 44267T102 |  | 1115185 | 13980 | SH |  | SOLE |  | 13980 | 0 | 0 |
| HURON CONSULTING GROUP INC | COM | 447462102 |  | 2608520 | 15086 | SH |  | SOLE |  | 15086 | 0 | 0 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 3691396 | 123872 | SH |  | SOLE |  | 123872 | 0 | 0 |
| ICON PLC | SHS | G4705A100 |  | 19170588 | 105206 | SH |  | SOLE |  | 105206 | 0 | 0 |
| IDEXX LABS INC | COM | 45168D104 |  | 649831919 | 960537 | SH |  | SOLE |  | 960537 | 0 | 0 |
| IES HLDGS INC | COM | 44951W106 |  | 4256268 | 10941 | SH |  | SOLE |  | 10941 | 0 | 0 |
| IHEARTMEDIA INC | COM CL A | 45174J509 |  | 646947 | 155516 | SH |  | SOLE |  | 155516 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 339593775 | 512656 | SH |  | SOLE |  | 512656 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 477224970 | 842618 | SH |  | SOLE |  | 842618 | 0 | 0 |
| IRADIMED CORP | COM | 46266A109 |  | 2615956 | 26891 | SH |  | SOLE |  | 26891 | 0 | 0 |
| IRSA INVERSIONES Y REP S A | SPON GDS ECH 10 | 450047303 |  | 1702148 | 102911 | SH |  | SOLE |  | 102911 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 499089 | 4972 | SH |  | SOLE |  | 4972 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 9362445 | 13669 | SH |  | SOLE |  | 13669 | 0 | 0 |
| ISHARES TR | GLOBAL 100 ETF | 464287572 |  | 347418 | 2743 | SH |  | SOLE |  | 2743 | 0 | 0 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 86327787 | 610133 | SH |  | SOLE |  | 610133 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 8509462 | 126761 | SH |  | SOLE |  | 126761 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 367321352 | 776086 | SH |  | SOLE |  | 776086 | 0 | 0 |
| IVANHOE ELECTRIC INC | COM | 46578C108 |  | 2522954 | 157882 | SH |  | SOLE |  | 157882 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 |  | 617355 | 9884 | SH |  | SOLE |  | 9884 | 0 | 0 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 |  | 3300884 | 250067 | SH |  | SOLE |  | 250067 | 0 | 0 |
| KARMAN HLDGS INC | COMMON STOCK | 485924104 |  | 472312 | 6455 | SH |  | SOLE |  | 6455 | 0 | 0 |
| KAROOOOO LTD | ORD SHS | Y4600W108 |  | 3404356 | 74821 | SH |  | SOLE |  | 74821 | 0 | 0 |
| KODIAK SCIENCES INC | COM | 50015M109 |  | 1155866 | 41340 | SH |  | SOLE |  | 41340 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 1495199 | 19697 | SH |  | SOLE |  | 19697 | 0 | 0 |
| KURA ONCOLOGY INC | COM | 50127T109 |  | 943900 | 90847 | SH |  | SOLE |  | 90847 | 0 | 0 |
| LATHAM GROUP INC | COM | 51819L107 |  | 713664 | 112388 | SH |  | SOLE |  | 112388 | 0 | 0 |
| LIFE TIME GROUP HOLDINGS INC | COMMON STOCK | 53190C102 |  | 255407 | 9609 | SH |  | SOLE |  | 9609 | 0 | 0 |
| LIMBACH HLDGS INC | COM | 53263P105 |  | 458692 | 5892 | SH |  | SOLE |  | 5892 | 0 | 0 |
| LIQUIDIA CORPORATION | COM NEW | 53635D202 |  | 1156726 | 33538 | SH |  | SOLE |  | 33538 | 0 | 0 |
| LUXEXPERIENCE BV | SPONSORED ADS | 55406W103 |  | 419654 | 50258 | SH |  | SOLE |  | 50258 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 353289 | 18239 | SH |  | SOLE |  | 18239 | 0 | 0 |
| MAKEMYTRIP LIMITED MAURITIUS | SHS | V5633W109 |  | 4406429 | 53658 | SH |  | SOLE |  | 53658 | 0 | 0 |
| MAMAS CREATIONS INC | COM | 56146T103 |  | 445022 | 32989 | SH |  | SOLE |  | 32989 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1216959930 | 2131727 | SH |  | SOLE |  | 2131727 | 0 | 0 |
| MEDPACE HLDGS INC | COM | 58506Q109 |  | 390908 | 696 | SH |  | SOLE |  | 696 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 8117020 | 84500 | SH |  | SOLE |  | 84500 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 96523261 | 47920 | SH |  | SOLE |  | 47920 | 0 | 0 |
| MESOBLAST LTD | SPONS ADR | 590717401 |  | 415010 | 23005 | SH |  | SOLE |  | 23005 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1890947237 | 3909985 | SH |  | SOLE |  | 3909985 | 0 | 0 |
| MILLICOM INTL CELLULAR S A | COM STK | L6388F110 |  | 980456 | 17685 | SH |  | SOLE |  | 17685 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 1859993 | 79419 | SH |  | SOLE |  | 79419 | 0 | 0 |
| MIRUM PHARMACEUTICALS INC | COM | 604749101 |  | 1055306 | 13360 | SH |  | SOLE |  | 13360 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 1910395 | 14309 | SH |  | SOLE |  | 14309 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 11706290 | 79332 | SH |  | SOLE |  | 79332 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 763683617 | 1331085 | SH |  | SOLE |  | 1331085 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 312256 | 2720 | SH |  | SOLE |  | 2720 | 0 | 0 |
| NAPCO SEC TECHNOLOGIES INC | COM | 630402105 |  | 524044 | 12567 | SH |  | SOLE |  | 12567 | 0 | 0 |
| NATERA INC | COM | 632307104 |  | 315228 | 1376 | SH |  | SOLE |  | 1376 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 16295175 | 173797 | SH |  | SOLE |  | 173797 | 0 | 0 |
| NEWAMSTERDAM PHARMA COMPANY | ORDINARY SHARES | N62509109 |  | 394264 | 11239 | SH |  | SOLE |  | 11239 | 0 | 0 |
| NEWMARK GROUP INC | CL A | 65158N102 |  | 409553 | 23619 | SH |  | SOLE |  | 23619 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 2311516 | 61624 | SH |  | SOLE |  | 61624 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 482975 | 3033 | SH |  | SOLE |  | 3033 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 19382182 | 1157836 | SH |  | SOLE |  | 1157836 | 0 | 0 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 915595 | 64615 | SH |  | SOLE |  | 64615 | 0 | 0 |
| NUVALENT INC | COM | 670703107 |  | 639652 | 6359 | SH |  | SOLE |  | 6359 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 993692985 | 5328112 | SH |  | SOLE |  | 5328112 | 0 | 0 |
| ODDITY TECH LTD | SHS CL A | M7518J104 |  | 649912 | 16175 | SH |  | SOLE |  | 16175 | 0 | 0 |
| OLEMA PHARMACEUTICALS INC | COM | 68062P106 |  | 380150 | 15206 | SH |  | SOLE |  | 15206 | 0 | 0 |
| ON HLDG AG | NAMEN AKT A | H5919C104 |  | 9039553 | 194483 | SH |  | SOLE |  | 194483 | 0 | 0 |
| OPENLANE INC | COM | 48238T109 |  | 1377593 | 46259 | SH |  | SOLE |  | 46259 | 0 | 0 |
| OPPENHEIMER HLDGS INC | CL A NON VTG | 683797104 |  | 1181435 | 16343 | SH |  | SOLE |  | 16343 | 0 | 0 |
| OPPFI INC | COM CL A | 68386H103 |  | 423337 | 40472 | SH |  | SOLE |  | 40472 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1400525092 | 7185496 | SH |  | SOLE |  | 7185496 | 0 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 197659 | 13755 | SH |  | SOLE |  | 13755 | 0 | 0 |
| PACIFIC BIOSCIENCES CALIF IN | COM | 69404D108 |  | 256469 | 137149 | SH |  | SOLE |  | 137149 | 0 | 0 |
| PAGAYA TECHNOLOGIES LTD | CL A NEW | M7S64L123 |  | 1327087 | 63497 | SH |  | SOLE |  | 63497 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 292430057 | 1835028 | SH |  | SOLE |  | 1835028 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 203599 | 3487 | SH |  | SOLE |  | 3487 | 0 | 0 |
| PDD HOLDINGS INC | SPONSORED ADS | 722304102 |  | 3552395 | 31329 | SH |  | SOLE |  | 31329 | 0 | 0 |
| PELOTON INTERACTIVE INC | CL A COM | 70614W100 |  | 226657 | 36795 | SH |  | SOLE |  | 36795 | 0 | 0 |
| PERSONALIS INC | COM | 71535D106 |  | 403612 | 50705 | SH |  | SOLE |  | 50705 | 0 | 0 |
| PITNEY BOWES INC | COM | 724479100 |  | 641705 | 60710 | SH |  | SOLE |  | 60710 | 0 | 0 |
| PLANET LABS PBC | COM CL A | 72703X106 |  | 2199529 | 111538 | SH |  | SOLE |  | 111538 | 0 | 0 |
| PORCH GROUP INC | COM | 733245104 |  | 490126 | 53683 | SH |  | SOLE |  | 53683 | 0 | 0 |
| POWELL INDS INC | COM | 739128106 |  | 6484304 | 20341 | SH |  | SOLE |  | 20341 | 0 | 0 |
| PRECIGEN INC | COM | 74017N105 |  | 175957 | 42095 | SH |  | SOLE |  | 42095 | 0 | 0 |
| PREFORMED LINE PRODS CO | COM | 740444104 |  | 1169979 | 5660 | SH |  | SOLE |  | 5660 | 0 | 0 |
| PROTAGONIST THERAPEUTICS INC | COM | 74366E102 |  | 1777282 | 20349 | SH |  | SOLE |  | 20349 | 0 | 0 |
| PROTO LABS INC | COM | 743713109 |  | 209847 | 4148 | SH |  | SOLE |  | 4148 | 0 | 0 |
| RAMACO RES INC | COM CL A | 75134P600 |  | 1593126 | 88507 | SH |  | SOLE |  | 88507 | 0 | 0 |
| RED VIOLET INC | COM | 75704L104 |  | 1727180 | 30328 | SH |  | SOLE |  | 30328 | 0 | 0 |
| RESOLUTE HLDGS MGMT INC | COM | 76134H101 |  | 4317483 | 20915 | SH |  | SOLE |  | 20915 | 0 | 0 |
| RICHTECH ROBOTICS INC | CL B | 765504105 |  | 207683 | 64298 | SH |  | SOLE |  | 64298 | 0 | 0 |
| ROCKET LAB CORP | COM | 773121108 |  | 1069002 | 15324 | SH |  | SOLE |  | 15324 | 0 | 0 |
| ROIVANT SCIENCES LTD | SHS | G76279101 |  | 209665 | 9662 | SH |  | SOLE |  | 9662 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 683775 | 2581 | SH |  | SOLE |  | 2581 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 441527 | 1860 | SH |  | SOLE |  | 1860 | 0 | 0 |
| SAP SE | SPON ADR | 803054204 |  | 56678735 | 233332 | SH |  | SOLE |  | 233332 | 0 | 0 |
| SCHOLAR ROCK HLDG CORP | COM | 80706P103 |  | 958616 | 21762 | SH |  | SOLE |  | 21762 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 5448541 | 42710 | SH |  | SOLE |  | 42710 | 0 | 0 |
| SERVE ROBOTICS INC | COM | 81758H106 |  | 226627 | 21833 | SH |  | SOLE |  | 21833 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 870239781 | 5680788 | SH |  | SOLE |  | 5680788 | 0 | 0 |
| SERVICETITAN INC | SHS CL A | 81764X103 |  | 316838 | 2975 | SH |  | SOLE |  | 2975 | 0 | 0 |
| SES AI CORPORATION | CL A COM | 78397Q109 |  | 608681 | 338156 | SH |  | SOLE |  | 338156 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 1159285211 | 7201872 | SH |  | SOLE |  | 7201872 | 0 | 0 |
| SIONNA THERAPEUTICS INC | COM | 829401108 |  | 1285954 | 31258 | SH |  | SOLE |  | 31258 | 0 | 0 |
| SKYWEST INC | COM | 830879102 |  | 439796 | 4380 | SH |  | SOLE |  | 4380 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 3074841 | 117450 | SH |  | SOLE |  | 117450 | 0 | 0 |
| SOFI TECHNOLOGIES INC | COM | 83406F102 |  | 1094324 | 41800 | SH | Put | SOLE |  | 41800 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 1314604 | 28597 | SH |  | SOLE |  | 28597 | 0 | 0 |
| SOPHIA GENETICS SA | ORDINARY SHARES | H82027105 |  | 101516 | 21738 | SH |  | SOLE |  | 21738 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4580746 | 6717 | SH |  | SOLE |  | 6717 | 0 | 0 |
| SPHERE ENTERTAINMENT CO | CL A | 55826T102 |  | 2265566 | 23828 | SH |  | SOLE |  | 23828 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 41612380 | 71658 | SH |  | SOLE |  | 71658 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 571390749 | 6785308 | SH |  | SOLE |  | 6785308 | 0 | 0 |
| STERLING INFRASTRUCTURE INC | COM | 859241101 |  | 597761 | 1952 | SH |  | SOLE |  | 1952 | 0 | 0 |
| STRATASYS LTD | SHS | M85548101 |  | 282039 | 32493 | SH |  | SOLE |  | 32493 | 0 | 0 |
| SYMBOTIC INC | CLASS A COM | 87151X101 |  | 255731 | 4298 | SH |  | SOLE |  | 4298 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 396857503 | 844881 | SH |  | SOLE |  | 844881 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 60958295 | 200593 | SH |  | SOLE |  | 200593 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 505659 | 1349 | SH |  | SOLE |  | 1349 | 0 | 0 |
| TAYSHA GENE THERAPIES INC | COM SHS | 877619106 |  | 861223 | 156586 | SH |  | SOLE |  | 156586 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 1600372 | 35915 | SH |  | SOLE |  | 35915 | 0 | 0 |
| TEMPUS AI INC | CL A | 88023B103 |  | 221792 | 3756 | SH |  | SOLE |  | 3756 | 0 | 0 |
| TENCENT MUSIC ENTMT GROUP | SPON ADS | 88034P109 |  | 7230547 | 412467 | SH |  | SOLE |  | 412467 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 3674662 | 8171 | SH |  | SOLE |  | 8171 | 0 | 0 |
| THE REALREAL INC | COM | 88339P101 |  | 2762889 | 175088 | SH |  | SOLE |  | 175088 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1336900 | 2307 | SH |  | SOLE |  | 2307 | 0 | 0 |
| THREDUP INC | CL A | 88556E102 |  | 930480 | 145615 | SH |  | SOLE |  | 145615 | 0 | 0 |
| TRANSMEDICS GROUP INC | COM | 89377M109 |  | 1317226 | 10828 | SH |  | SOLE |  | 10828 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 434685 | 3056 | SH |  | SOLE |  | 3056 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 291360965 | 3565793 | SH |  | SOLE |  | 3565793 | 0 | 0 |
| UL SOLUTIONS INC | CLASS A COM SHS | 903731107 |  | 269701 | 3420 | SH |  | SOLE |  | 3420 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 395225 | 1197 | SH |  | SOLE |  | 1197 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 240682 | 5449 | SH |  | SOLE |  | 5449 | 0 | 0 |
| UPWORK INC | COM | 91688F104 |  | 854460 | 43111 | SH |  | SOLE |  | 43111 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 16159762 | 33124 | SH |  | SOLE |  | 33124 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1903328 | 5677 | SH |  | SOLE |  | 5677 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 4738429 | 33592 | SH |  | SOLE |  | 33592 | 0 | 0 |
| VELO3D INC | COM NEW | 92259N302 |  | 548171 | 39896 | SH |  | SOLE |  | 39896 | 0 | 0 |
| VICTORY CAP HLDGS INC | COM CL A | 92645B103 |  | 703138 | 11145 | SH |  | SOLE |  | 11145 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1183766189 | 3375342 | SH |  | SOLE |  | 3375342 | 0 | 0 |
| VSE CORP | COM | 918284100 |  | 5941560 | 34390 | SH |  | SOLE |  | 34390 | 0 | 0 |
| WAYFAIR INC | CL A | 94419L101 |  | 2696711 | 26857 | SH |  | SOLE |  | 26857 | 0 | 0 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 319214 | 3797 | SH |  | SOLE |  | 3797 | 0 | 0 |
| WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 |  | 9011880 | 27425 | SH |  | SOLE |  | 27425 | 0 | 0 |
| WINMARK CORP | COM | 974250102 |  | 347843 | 859 | SH |  | SOLE |  | 859 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 2315815 | 10782 | SH |  | SOLE |  | 10782 | 0 | 0 |
| XERIS BIOPHARMA HOLDINGS INC | COM | 98422E103 |  | 1047316 | 133416 | SH |  | SOLE |  | 133416 | 0 | 0 |
| XOMETRY INC | CLASS A COM | 98423F109 |  | 1327430 | 22321 | SH |  | SOLE |  | 22321 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 699894961 | 5562669 | SH |  | SOLE |  | 5562669 | 0 | 0 |

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