Vulcan Value Partners

Vulcan Value Partners · 20 closed periods in the current 5-year detail window (latest closed period: Q1 2026 → next disclosure, 33 priced positions, +12.07% return). Every disclosed long-equity position appears in the table for its period; the Valid column shows 1 (counted in the math) or 0 (excluded — hover the row for the reason). See the methodology for the exact math.

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2026-05-11 → 2026-08-10

33 of 33 priced100.00% coverage

+12.07%

Holdings from Q1 2026 disclosure · accession 0001556785-26-000008 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
EGTOP 5	1,361,865	$350.78	—	$369.48	$477.72M	$503.18M	+5.33%	11.80%	+62.9 bps	1
MSFTTOP 5	1,108,991	$412.66	—	$506.06	$457.64M	$561.22M	+22.63%	10.88%	+246.3 bps	1
AMZNTOP 5	1,595,868	$268.99	—	$277.36	$429.27M	$442.63M	+3.11%	8.81%	+27.4 bps	1
UNHTOP 5	912,674	$384.44	—	$408.74	$350.87M	$373.05M	+6.32%	6.55%	+41.4 bps	1
RYAN	6,595,335	$31.29	—	$42.45	$206.37M	$279.97M	+35.67%	5.90%	+210.4 bps	1
TRU	3,207,405	$69.99	—	$79.14	$224.49M	$253.83M	+13.07%	5.88%	+76.9 bps	1
TDG	184,228	$1198.67	—	$1223.48	$220.83M	$225.4M	+2.07%	5.66%	+11.7 bps	1
GOOGTOP 5	676,556	$386.77	—	$355.84	$261.67M	$240.75M	-8.00%	5.14%	-41.1 bps	1
V	639,454	$323.86	—	$361.32	$207.09M	$231.05M	+11.57%	5.12%	+59.3 bps	1
MA	383,179	$497.81	—	$563.15	$190.75M	$215.79M	+13.13%	5.08%	+66.6 bps	1
ARES	1,691,176	$124.61	—	$137.26	$210.74M	$232.13M	+10.15%	4.89%	+49.7 bps	1
MEDP	203,068	$417.29	—	$602.43	$84.74M	$122.33M	+44.37%	2.58%	+114.7 bps	1
KMX	2,204,876	$39.08	—	$58.80	$86.17M	$129.65M	+50.46%	2.43%	+122.6 bps	1
ELV	296,771	$381.75	—	$397.44	$113.29M	$117.95M	+4.11%	2.30%	+9.5 bps	1
TPG	1,986,026	$43.59	—	$49.40	$86.57M	$98.11M	+13.33%	2.13%	+28.4 bps	1
NICE	572,311	$91.39	—	$102.56	$52.3M	$58.7M	+12.23%	1.67%	+20.5 bps	1
FI	1,094,659	$54.39	—	$52.22	$59.54M	$57.16M	-3.99%	1.62%	-6.5 bps	1
NOW	533,817	$91.49	—	$127.44	$48.84M	$68.03M	+39.29%	1.48%	+58.1 bps	1
IQV	248,101	$173.55	—	$242.01	$43.06M	$60.04M	+39.45%	1.12%	+44.2 bps	1
HEI-A	178,456	$217.53	—	$264.95	$38.82M	$47.28M	+21.80%	1.00%	+21.8 bps	1
CRM	196,803	$177.49	—	$197.03	$34.93M	$38.78M	+11.01%	0.97%	+10.7 bps	1
JLL	109,549	$322.89	—	$357.15	$35.37M	$39.13M	+10.61%	0.88%	+9.4 bps	1
CIGI	255,321	$95.99	—	$99.82	$24.51M	$25.49M	+3.99%	0.72%	+2.9 bps	1
LFUS	78,107	$465.86	—	$455.18	$36.39M	$35.55M	-2.29%	0.70%	-1.6 bps	1
G	710,313	$31.30	—	$34.13	$22.23M	$24.24M	+9.04%	0.70%	+6.3 bps	1
ABM	630,296	$39.39	—	$48.06	$24.83M	$30.29M	+22.01%	0.64%	+14.2 bps	1
ITRN	493,840	$60.98	—	$51.81	$30.11M	$25.59M	-15.04%	0.64%	-9.6 bps	1
QRVO	268,813	$93.41	—	$97.00	$25.11M	$26.07M	+3.84%	0.55%	+2.1 bps	1
MLKN	1,324,609	$15.52	—	$24.08	$20.56M	$31.9M	+55.15%	0.51%	+28.0 bps	1
SARO	716,983	$26.80	—	$28.33	$19.22M	$20.31M	+5.71%	0.49%	+2.8 bps	1
PRG	566,314	$35.31	—	$42.20	$20M	$23.9M	+19.51%	0.43%	+8.4 bps	1
FBIN	343,563	$37.78	—	$47.99	$12.98M	$16.49M	+27.03%	0.35%	+9.6 bps	1
PK	1,195,835	$11.03	—	$14.51	$13.19M	$17.35M	+31.55%	0.33%	+10.5 bps	1
Top 5 (by entry value)(5)					$1.98B	$2.12B	+7.27%
Total(33)					$4.17B	$4.67B	+12.07%

2026-02-09 → 2026-05-11

39 of 40 priced99.91% coverage

+0.56%

Holdings from Q4 2025 disclosure · accession 0001556785-26-000004 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
MSFTTOP 5	1,141,578	$413.60	—	$412.66	$472.16M	$471.08M	-0.23%	10.14%	-2.3 bps	1
EGTOP 5	1,509,740	$322.12	—	$350.78	$486.32M	$529.59M	+8.90%	9.41%	+83.7 bps	1
CRM	1,549,871	$194.03	—	$177.49	$300.72M	$275.09M	-8.52%	7.55%	-64.4 bps	1
AMZNTOP 5	1,759,935	$208.72	—	$268.99	$367.33M	$473.4M	+28.88%	7.46%	+215.4 bps	1
UNH	1,083,267	$275.70	—	$384.44	$298.66M	$416.45M	+39.44%	6.57%	+259.1 bps	1
TDGTOP 5	240,620	$1300.10	—	$1198.67	$312.83M	$288.42M	-7.80%	5.88%	-45.9 bps	1
CSGP	4,485,021	$50.96	—	$32.92	$228.56M	$147.65M	-35.40%	5.54%	-196.0 bps	1
GOOGTOP 5	931,879	$324.40	—	$386.77	$302.3M	$360.42M	+19.23%	5.37%	+103.3 bps	1
ARES	1,696,856	$137.25	—	$124.61	$232.89M	$211.45M	-9.21%	5.04%	-46.4 bps	1
MA	449,194	$535.33	—	$497.81	$240.47M	$223.61M	-7.01%	4.71%	-33.0 bps	1
V	727,685	$325.58	—	$323.86	$236.92M	$235.67M	-0.53%	4.69%	-2.5 bps	1
RYAN	4,621,079	$43.78	—	$31.29	$202.31M	$144.59M	-28.53%	4.38%	-125.0 bps	1
ELV	386,214	$327.50	—	$381.75	$126.49M	$147.44M	+16.56%	2.49%	+41.2 bps	1
KMX	2,928,832	$46.46	—	$39.08	$136.07M	$114.46M	-15.88%	2.08%	-33.0 bps	1
TPG	1,721,916	$54.96	—	$43.59	$94.64M	$75.06M	-20.69%	2.02%	-41.8 bps	1
FI	1,437,643	$60.14	—	$54.39	$86.46M	$78.19M	-9.56%	1.77%	-16.9 bps	1
QRVO	1,103,354	$83.16	—	$93.41	$91.75M	$103.06M	+12.33%	1.71%	+21.1 bps	1
TRU	1,062,584	$74.95	—	$69.99	$79.64M	$74.37M	-6.62%	1.67%	-11.1 bps	1
SWK	1,059,558	$89.85	—	$79.07	$95.2M	$83.78M	-12.00%	1.45%	-17.4 bps	1
IQV	323,201	$192.67	—	$173.55	$62.27M	$56.09M	-9.92%	1.34%	-13.3 bps	1
HEI-A	250,065	$248.14	—	$217.53	$62.05M	$54.4M	-12.34%	1.16%	-14.3 bps	1
JLL	150,625	$346.48	—	$322.89	$52.19M	$48.64M	-6.81%	0.93%	-6.3 bps	1
LFUS	192,212	$348.69	—	$465.86	$67.02M	$89.54M	+33.60%	0.89%	+30.0 bps	1
CCK	400,303	$110.29	—	$100.38	$44.15M	$40.18M	-8.99%	0.76%	-6.8 bps	1
G	746,570	$39.49	—	$31.30	$29.48M	$23.37M	-20.74%	0.64%	-13.3 bps	1
ABM	658,777	$46.77	—	$39.39	$30.81M	$25.95M	-15.78%	0.51%	-8.1 bps	1
CIGI	184,403	$143.20	—	$95.99	$26.41M	$17.7M	-32.97%	0.50%	-16.4 bps	1
MEDP	47,306	$530.35	—	$417.29	$25.09M	$19.74M	-21.32%	0.49%	-10.4 bps	1
MLKN	1,389,715	$22.07	—	$15.52	$30.67M	$21.57M	-29.68%	0.47%	-14.0 bps	1
ITRN	540,059	$47.21	—	$60.98	$25.5M	$32.93M	+29.17%	0.43%	+12.6 bps	1
FBIN	353,520	$60.70	—	$37.78	$21.46M	$13.36M	-37.76%	0.32%	-12.3 bps	1
PRG	599,125	$34.63	—	$35.31	$20.75M	$21.16M	+1.96%	0.32%	+0.6 bps	1
SARO	473,415	$30.93	—	$26.80	$14.64M	$12.69M	-13.35%	0.25%	-3.3 bps	1
PK	1,257,968	$11.49	—	$11.03	$14.45M	$13.88M	-4.00%	0.25%	-1.0 bps	1
VRTS	77,326	$135.76	—	$142.70	$10.5M	$11.03M	+5.11%	0.23%	+1.2 bps	1
TKR	138,434	$108.93	—	$117.39	$15.08M	$16.25M	+7.77%	0.21%	+1.7 bps	1
MIDD	69,825	$161.04	—	$156.25	$11.24M	$10.91M	-2.97%	0.19%	-0.6 bps	1
SPY	6,023	$693.95	—	$739.30	$4.18M	$4.45M	+6.54%	0.08%	+0.5 bps	1
IWD	2,748	$224.62	—	$234.63	$617.26K	$644.76K	+4.46%	0.01%	+0.1 bps	1
SEE	—	—	—	—	—	—	—	0.09%	—	0
Top 5 (by entry value)(5)					$1.94B	$2.12B	+9.38%
Total(39)					$4.96B	$4.99B	+0.56%

2025-11-10 → 2026-02-09

40 of 40 priced100.00% coverage

-5.88%

Holdings from Q3 2025 disclosure · accession 0001556785-25-000034 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
MSFTTOP 5	1,185,402	$506.00	—	$413.60	$599.81M	$490.28M	-18.26%	11.13%	-203.2 bps	1
EGTOP 5	1,417,466	$328.61	—	$322.12	$465.79M	$456.59M	-1.98%	9.00%	-17.8 bps	1
UNHTOP 5	1,198,338	$321.58	—	$275.70	$385.36M	$330.38M	-14.27%	7.50%	-107.0 bps	1
AMZNTOP 5	1,880,565	$248.40	—	$208.72	$467.13M	$392.51M	-15.97%	7.49%	-119.6 bps	1
CRMTOP 5	1,564,357	$241.71	—	$194.03	$378.12M	$303.53M	-19.73%	6.73%	-132.7 bps	1
TDG	249,643	$1288.91	—	$1300.10	$321.77M	$324.56M	+0.87%	5.96%	+5.2 bps	1
CSGP	3,831,609	$67.23	—	$50.96	$257.6M	$195.26M	-24.20%	5.86%	-141.8 bps	1
GOOG	1,100,358	$290.59	—	$324.40	$319.75M	$356.96M	+11.64%	4.86%	+56.5 bps	1
MA	466,222	$552.96	—	$535.33	$257.8M	$249.58M	-3.19%	4.81%	-15.3 bps	1
V	751,516	$334.85	—	$325.58	$251.65M	$244.68M	-2.77%	4.65%	-12.9 bps	1
ARES	1,350,249	$153.34	—	$137.25	$207.05M	$185.32M	-10.49%	3.91%	-41.0 bps	1
ELV	419,195	$303.78	—	$327.50	$127.34M	$137.29M	+7.81%	2.46%	+19.2 bps	1
IQV	680,933	$213.05	—	$192.67	$145.07M	$131.2M	-9.57%	2.35%	-22.5 bps	1
TPG	1,958,438	$55.07	—	$54.96	$107.85M	$107.64M	-0.20%	2.04%	-0.4 bps	1
QRVO	1,197,365	$86.88	—	$83.16	$104.03M	$99.57M	-4.28%	1.98%	-8.5 bps	1
NICE	753,316	$127.98	—	$111.37	$96.41M	$83.9M	-12.98%	1.97%	-25.6 bps	1
KMX	2,328,120	$33.25	—	$46.46	$77.41M	$108.16M	+39.73%	1.90%	+75.3 bps	1
FI	803,160	$63.80	—	$60.14	$51.24M	$48.3M	-5.74%	1.87%	-10.8 bps	1
MEDP	200,172	$600.44	—	$530.35	$120.19M	$106.16M	-11.67%	1.87%	-21.8 bps	1
SWK	1,161,466	$67.94	—	$89.85	$78.91M	$104.36M	+32.25%	1.56%	+50.4 bps	1
HEI-A	270,379	$258.18	—	$248.14	$69.81M	$67.09M	-3.89%	1.24%	-4.8 bps	1
JLL	197,663	$299.77	—	$346.48	$59.25M	$68.49M	+15.58%	1.07%	+16.6 bps	1
LFUS	196,903	$246.48	—	$348.69	$48.53M	$68.66M	+41.47%	0.92%	+38.3 bps	1
CCK	429,884	$99.15	—	$110.29	$42.62M	$47.41M	+11.24%	0.75%	+8.5 bps	1
RYAN	631,577	$57.13	—	$43.78	$36.08M	$27.65M	-23.37%	0.65%	-15.1 bps	1
SSNC	394,720	$84.89	—	$76.43	$33.51M	$30.17M	-9.97%	0.63%	-6.3 bps	1
G	750,224	$44.27	—	$39.49	$33.21M	$29.63M	-10.80%	0.57%	-6.2 bps	1
ABM	664,054	$42.29	—	$46.77	$28.08M	$31.06M	+10.59%	0.56%	+5.9 bps	1
CIGI	186,068	$151.25	—	$143.20	$28.14M	$26.64M	-5.32%	0.53%	-2.8 bps	1
SWKS	311,645	$69.10	—	$61.55	$21.53M	$19.18M	-10.93%	0.43%	-4.7 bps	1
ITRN	602,364	$38.11	—	$47.21	$22.96M	$28.44M	+23.88%	0.39%	+9.4 bps	1
MLKN	1,116,932	$14.10	—	$22.07	$15.75M	$24.65M	+56.52%	0.36%	+20.5 bps	1
PRG	602,871	$27.41	—	$34.63	$16.52M	$20.88M	+26.34%	0.35%	+9.3 bps	1
TKR	248,600	$78.90	—	$108.93	$19.61M	$27.08M	+38.06%	0.34%	+12.9 bps	1
SEE	461,920	$36.86	—	$41.84	$17.03M	$19.33M	+13.51%	0.30%	+4.0 bps	1
FBIN	299,028	$48.69	—	$60.70	$14.56M	$18.15M	+24.67%	0.29%	+7.1 bps	1
VRTS	79,267	$162.17	—	$135.76	$12.85M	$10.76M	-16.29%	0.27%	-4.4 bps	1
PK	1,257,290	$10.77	—	$11.49	$13.54M	$14.45M	+6.69%	0.26%	+1.7 bps	1
MIDD	70,624	$123.16	—	$161.04	$8.7M	$11.37M	+30.76%	0.17%	+5.2 bps	1
SPY	303	$681.44	—	$693.95	$206.48K	$210.27K	+1.84%	0.00%	+0.0 bps	1
Top 5 (by entry value)(5)					$2.3B	$1.97B	-14.06%
Total(40)					$5.36B	$5.05B	-5.88%

2025-08-13 → 2025-11-10

38 of 38 priced100.00% coverage

+0.09%

Holdings from Q2 2025 disclosure · accession 0001556785-25-000025 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
MSFTTOP 5	1,218,494	$520.58	—	$506.00	$634.32M	$616.56M	-2.80%	10.99%	-30.8 bps	1
AMZNTOP 5	1,939,874	$224.56	—	$248.40	$435.62M	$481.86M	+10.62%	7.74%	+82.2 bps	1
EGTOP 5	1,244,987	$336.76	—	$328.61	$419.26M	$409.12M	-2.42%	7.68%	-18.6 bps	1
UNHTOP 5	1,222,825	$271.81	—	$321.58	$332.38M	$393.24M	+18.31%	6.97%	+127.5 bps	1
TDG	231,595	$1425.81	—	$1288.91	$330.21M	$298.51M	-9.60%	6.36%	-61.1 bps	1
GOOGTOP 5	1,750,416	$203.03	—	$290.59	$355.39M	$508.65M	+43.13%	5.64%	+243.4 bps	1
CSGP	3,716,484	$87.56	—	$67.23	$325.42M	$249.86M	-23.22%	5.45%	-126.5 bps	1
CRM	1,068,324	$237.03	—	$241.71	$253.22M	$258.22M	+1.97%	5.29%	+10.4 bps	1
MA	437,891	$577.90	—	$552.96	$253.06M	$242.14M	-4.32%	4.47%	-19.3 bps	1
V	668,397	$342.55	—	$334.85	$228.96M	$223.81M	-2.25%	4.32%	-9.7 bps	1
ARES	1,220,881	$190.94	—	$153.34	$233.12M	$187.21M	-19.69%	3.83%	-75.4 bps	1
CBRE	1,491,792	$159.66	—	$151.83	$238.18M	$226.5M	-4.90%	3.80%	-18.6 bps	1
NICE	841,142	$147.99	—	$127.98	$124.48M	$107.65M	-13.52%	2.70%	-36.4 bps	1
JLL	480,292	$296.92	—	$299.77	$142.61M	$143.98M	+0.96%	2.31%	+2.2 bps	1
ELV	293,731	$294.43	—	$303.78	$86.48M	$89.23M	+3.18%	2.18%	+6.9 bps	1
QRVO	1,320,608	$90.14	—	$86.88	$119.04M	$114.73M	-3.62%	2.12%	-7.7 bps	1
IQV	668,756	$190.23	—	$213.05	$127.22M	$142.48M	+12.00%	2.01%	+24.2 bps	1
TPG	1,984,910	$64.85	—	$55.07	$128.72M	$109.31M	-15.08%	2.00%	-30.2 bps	1
MEDP	287,459	$468.00	—	$600.44	$134.53M	$172.6M	+28.30%	1.71%	+48.3 bps	1
SWK	1,142,185	$75.98	—	$67.94	$86.78M	$77.6M	-10.58%	1.51%	-15.9 bps	1
HEI-A	261,596	$244.61	—	$258.18	$63.99M	$67.54M	+5.55%	1.29%	+7.2 bps	1
KMX	989,986	$58.62	—	$33.25	$58.03M	$32.92M	-43.28%	1.27%	-55.1 bps	1
SWKS	806,785	$73.65	—	$69.10	$59.42M	$55.75M	-6.18%	1.16%	-7.2 bps	1
LFUS	256,760	$263.42	—	$246.48	$67.64M	$63.29M	-6.43%	1.03%	-6.6 bps	1
CCK	434,676	$102.83	—	$99.15	$44.7M	$43.1M	-3.58%	0.85%	-3.0 bps	1
SSNC	474,715	$87.92	—	$84.89	$41.74M	$40.3M	-3.45%	0.77%	-2.6 bps	1
CIGI	257,173	$161.56	—	$151.25	$41.55M	$38.9M	-6.38%	0.59%	-3.8 bps	1
ABM	699,964	$49.53	—	$42.29	$34.67M	$29.6M	-14.62%	0.58%	-8.5 bps	1
G	705,739	$44.22	—	$44.27	$31.21M	$31.24M	+0.11%	0.55%	+0.1 bps	1
SEE	821,208	$30.39	—	$36.86	$24.96M	$30.27M	+21.29%	0.45%	+9.6 bps	1
ITRN	650,676	$42.43	—	$38.11	$27.61M	$24.8M	-10.18%	0.45%	-4.6 bps	1
MLKN	1,120,968	$21.73	—	$14.10	$24.36M	$15.81M	-35.11%	0.39%	-13.6 bps	1
TKR	278,516	$80.39	—	$78.90	$22.39M	$21.97M	-1.85%	0.36%	-0.7 bps	1
PRG	678,550	$34.35	—	$27.41	$23.31M	$18.6M	-20.20%	0.35%	-7.1 bps	1
FBIN	324,692	$60.59	—	$48.69	$19.67M	$15.81M	-19.64%	0.29%	-5.8 bps	1
VRTS	86,440	$197.86	—	$162.17	$17.1M	$14.02M	-18.04%	0.28%	-5.0 bps	1
PK	1,002,586	$11.18	—	$10.77	$11.21M	$10.8M	-3.67%	0.19%	-0.7 bps	1
MIDD	29,251	$137.98	—	$123.16	$4.04M	$3.6M	-10.74%	0.07%	-0.8 bps	1
Top 5 (by entry value)(5)					$2.18B	$2.41B	+10.68%
Total(38)					$5.61B	$5.61B	+0.09%

2025-05-08 → 2025-08-13

38 of 39 priced99.31% coverage

+12.02%

Holdings from Q1 2025 disclosure · accession 0001556785-25-000022 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
MSFTTOP 5	1,393,139	$438.17	—	$520.58	$610.43M	$725.24M	+18.81%	9.83%	+184.8 bps	1
EGTOP 5	1,328,732	$347.21	—	$336.76	$461.35M	$447.46M	-3.01%	9.07%	-27.3 bps	1
CSGPTOP 5	4,833,477	$75.85	—	$87.56	$366.62M	$423.22M	+15.44%	7.19%	+111.0 bps	1
TDGTOP 5	249,026	$1384.99	—	$1425.81	$344.9M	$355.06M	+2.95%	6.47%	+19.1 bps	1
AMZNTOP 5	1,755,372	$192.08	—	$224.56	$337.17M	$394.19M	+16.91%	6.27%	+106.1 bps	1
V	902,016	$351.27	—	$342.55	$316.85M	$308.99M	-2.48%	5.93%	-14.7 bps	1
MA	574,345	$567.12	—	$577.90	$325.72M	$331.91M	+1.90%	5.91%	+11.2 bps	1
GOOG	1,861,409	$155.75	—	$203.03	$289.91M	$377.92M	+30.36%	5.46%	+165.9 bps	1
CG	5,180,438	$41.26	—	$65.43	$213.74M	$338.96M	+58.58%	4.24%	+248.5 bps	1
CBRE	1,572,823	$125.53	—	$159.66	$197.44M	$251.12M	+27.19%	3.86%	+105.0 bps	1
CRM	723,562	$279.74	—	$237.03	$202.41M	$171.51M	-15.27%	3.65%	-55.7 bps	1
QRVO	2,377,959	$72.37	—	$90.14	$172.09M	$214.35M	+24.55%	3.23%	+79.4 bps	1
ELV	378,874	$412.38	—	$294.43	$156.24M	$111.55M	-28.60%	3.09%	-88.5 bps	1
NICE	1,046,090	$163.77	—	$147.99	$171.32M	$154.81M	-9.64%	3.03%	-29.2 bps	1
JLL	536,063	$227.77	—	$296.92	$122.1M	$159.17M	+30.36%	2.49%	+75.7 bps	1
SWKS	1,781,258	$67.29	—	$73.65	$119.86M	$131.19M	+9.45%	2.16%	+20.4 bps	1
MEDP	325,916	$300.81	—	$468.00	$98.04M	$152.53M	+55.58%	1.86%	+103.5 bps	1
HEI-A	459,739	$212.07	—	$244.61	$97.5M	$112.46M	+15.34%	1.82%	+28.0 bps	1
KMX	1,218,127	$66.55	—	$58.62	$81.07M	$71.41M	-11.92%	1.78%	-21.3 bps	1
TPG	1,819,376	$48.76	—	$64.85	$88.71M	$117.99M	+33.00%	1.62%	+53.5 bps	1
UNH	153,586	$385.55	—	$271.81	$59.22M	$41.75M	-29.50%	1.51%	-44.6 bps	1
SWK	938,140	$61.85	—	$75.98	$58.02M	$71.28M	+22.85%	1.35%	+30.9 bps	1
CCK	745,171	$97.33	—	$102.83	$72.53M	$76.63M	+5.65%	1.25%	+7.1 bps	1
LFUS	227,555	$196.80	—	$263.42	$44.78M	$59.94M	+33.85%	0.84%	+28.5 bps	1
G	765,615	$42.04	—	$44.22	$32.19M	$33.86M	+5.19%	0.72%	+3.8 bps	1
ABM	803,846	$50.77	—	$49.53	$40.81M	$39.81M	-2.44%	0.72%	-1.7 bps	1
CIGI	278,323	$123.17	—	$161.56	$34.28M	$44.97M	+31.17%	0.63%	+19.8 bps	1
ITRN	764,017	$35.90	—	$42.43	$27.43M	$32.42M	+18.19%	0.52%	+9.5 bps	1
MLKN	1,124,156	$16.74	—	$21.73	$18.82M	$24.43M	+29.81%	0.41%	+12.2 bps	1
ARES	138,622	$165.85	—	$190.94	$22.99M	$26.47M	+15.13%	0.38%	+5.8 bps	1
SEE	668,497	$30.73	—	$30.39	$20.54M	$20.32M	-1.11%	0.36%	-0.4 bps	1
PRG	681,746	$27.88	—	$34.35	$19.01M	$23.42M	+23.21%	0.34%	+7.9 bps	1
VRTS	86,700	$166.49	—	$197.86	$14.43M	$17.15M	+18.84%	0.28%	+5.3 bps	1
CWK	1,294,418	$10.24	—	$14.98	$13.25M	$19.39M	+46.29%	0.25%	+11.5 bps	1
TKR	178,410	$68.43	—	$80.39	$12.21M	$14.34M	+17.48%	0.24%	+4.2 bps	1
FBIN	182,565	$51.09	—	$60.59	$9.33M	$11.06M	+18.59%	0.21%	+3.9 bps	1
PK	975,274	$10.41	—	$11.18	$10.15M	$10.9M	+7.40%	0.20%	+1.5 bps	1
MIDD	29,350	$139.59	—	$137.98	$4.1M	$4.05M	-1.15%	0.08%	-0.1 bps	1
DNB	—	—	—	—	—	—	—	0.69%	—	0
Top 5 (by entry value)(5)					$2.12B	$2.35B	+10.60%
Total(38)					$5.29B	$5.92B	+12.02%

2025-02-14 → 2025-05-08

48 of 49 priced99.43% coverage

-5.74%

Holdings from Q4 2024 disclosure · accession 0001556785-25-000002 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
MSFTTOP 5	1,188,258	$408.43	—	$438.17	$485.32M	$520.66M	+7.28%	8.38%	+61.0 bps	1
SWKS	5,290,813	$65.93	—	$67.29	$348.82M	$356.02M	+2.06%	7.85%	+16.2 bps	1
AMZNTOP 5	1,936,676	$228.68	—	$192.08	$442.88M	$372M	-16.00%	7.11%	-113.7 bps	1
GOOGTOP 5	1,937,027	$186.87	—	$155.75	$361.97M	$301.69M	-16.65%	6.17%	-102.8 bps	1
CSGPTOP 5	5,099,438	$74.06	—	$75.85	$377.66M	$386.79M	+2.42%	6.10%	+14.8 bps	1
EG	978,713	$332.69	—	$347.21	$325.61M	$339.82M	+4.36%	5.93%	+25.9 bps	1
MATOP 5	655,145	$564.76	—	$567.12	$370M	$371.55M	+0.42%	5.77%	+2.4 bps	1
V	1,003,524	$353.81	—	$351.27	$355.06M	$352.51M	-0.72%	5.30%	-3.8 bps	1
TDG	235,740	$1314.19	—	$1384.99	$309.81M	$326.5M	+5.39%	5.00%	+26.9 bps	1
CG	5,333,596	$51.77	—	$41.26	$276.12M	$220.06M	-20.30%	4.50%	-91.4 bps	1
CBRE	2,033,328	$143.73	—	$125.53	$292.25M	$255.24M	-12.66%	4.46%	-56.5 bps	1
CRM	749,566	$326.54	—	$279.74	$244.76M	$209.68M	-14.33%	4.19%	-60.1 bps	1
QRVO	2,581,296	$76.16	—	$72.37	$196.59M	$186.81M	-4.98%	3.02%	-15.0 bps	1
NICE	954,161	$176.49	—	$163.77	$168.4M	$156.26M	-7.21%	2.71%	-19.5 bps	1
ELV	393,892	$389.25	—	$412.38	$153.32M	$162.43M	+5.94%	2.43%	+14.4 bps	1
JLL	436,226	$282.69	—	$227.77	$123.32M	$99.36M	-19.43%	1.84%	-35.8 bps	1
KMX	1,327,037	$88.90	—	$66.55	$117.97M	$88.31M	-25.14%	1.81%	-45.6 bps	1
HEI-A	505,373	$177.68	—	$212.07	$89.79M	$107.17M	+19.36%	1.57%	+30.4 bps	1
SSNC	1,213,072	$88.66	—	$77.71	$107.55M	$94.27M	-12.35%	1.54%	-19.0 bps	1
CCK	823,691	$88.03	—	$97.33	$72.51M	$80.17M	+10.56%	1.14%	+12.0 bps	1
ARES	359,079	$186.18	—	$165.85	$66.85M	$59.55M	-10.92%	1.06%	-11.6 bps	1
LYV	461,474	$153.76	—	$134.69	$70.96M	$62.16M	-12.40%	1.00%	-12.4 bps	1
UNH	113,489	$523.51	—	$385.55	$59.41M	$43.76M	-26.35%	0.96%	-25.3 bps	1
LFUS	200,093	$246.87	—	$196.80	$49.4M	$39.38M	-20.28%	0.79%	-16.0 bps	1
CWK	3,594,573	$13.24	—	$10.24	$47.59M	$36.81M	-22.66%	0.79%	-17.8 bps	1
G	1,087,144	$55.05	—	$42.04	$59.85M	$45.7M	-23.63%	0.78%	-18.5 bps	1
ABM	852,495	$52.92	—	$50.77	$45.11M	$43.28M	-4.06%	0.73%	-3.0 bps	1
ABT	370,518	$130.61	—	$134.00	$48.39M	$49.65M	+2.60%	0.70%	+1.8 bps	1
CIGI	300,188	$131.70	—	$123.17	$39.53M	$36.97M	-6.48%	0.68%	-4.4 bps	1
MEDP	101,338	$340.18	—	$300.81	$34.47M	$30.48M	-11.57%	0.56%	-6.5 bps	1
ITRN	1,031,001	$35.58	—	$35.90	$36.68M	$37.01M	+0.90%	0.54%	+0.5 bps	1
MAR	109,320	$283.52	—	$259.30	$30.99M	$28.35M	-8.54%	0.51%	-4.4 bps	1
FI	146,008	$230.60	—	$181.39	$33.67M	$26.48M	-21.34%	0.50%	-10.7 bps	1
MLKN	1,252,093	$22.73	—	$16.74	$28.46M	$20.96M	-26.35%	0.47%	-12.5 bps	1
SEE	719,556	$33.99	—	$30.73	$24.46M	$22.11M	-9.59%	0.41%	-3.9 bps	1
VRTS	98,628	$186.85	—	$166.49	$18.43M	$16.42M	-10.90%	0.36%	-4.0 bps	1
PK	1,176,813	$12.88	—	$10.41	$15.16M	$12.25M	-19.18%	0.28%	-5.3 bps	1
PRG	369,829	$42.82	—	$27.88	$15.84M	$10.31M	-34.89%	0.26%	-9.1 bps	1
TKR	207,725	$83.15	—	$68.43	$17.27M	$14.21M	-17.70%	0.25%	-4.4 bps	1
DEO	91,776	$107.53	—	$115.40	$9.87M	$10.59M	+7.32%	0.19%	+1.4 bps	1
MIDD	82,179	$168.33	—	$139.59	$13.83M	$11.47M	-17.07%	0.19%	-3.2 bps	1
FBIN	151,894	$68.95	—	$51.09	$10.47M	$7.76M	-25.90%	0.17%	-4.5 bps	1
ENS	109,472	$99.33	—	$92.76	$10.87M	$10.15M	-6.61%	0.17%	-1.1 bps	1
SPY	13,518	$609.70	—	$565.06	$8.24M	$7.64M	-7.32%	0.13%	-1.0 bps	1
RTO	215,880	$27.01	—	$23.37	$5.83M	$5.05M	-13.48%	0.09%	-1.2 bps	1
IWD	3,336	$194.48	—	$185.09	$648.79K	$617.46K	-4.83%	0.01%	-0.0 bps	1
IHG	2,736	$133.58	—	$117.38	$365.47K	$321.15K	-12.13%	0.01%	-0.1 bps	1
KKR	2,316	$140.56	—	$118.73	$325.54K	$274.98K	-15.53%	0.01%	-0.1 bps	1
DNB	—	—	—	—	—	—	—	0.57%	—	0
Top 5 (by entry value)(5)					$2.04B	$1.95B	-4.18%
Total(48)					$6.02B	$5.68B	-5.74%

2024-11-13 → 2025-02-14

42 of 43 priced99.42% coverage

+1.19%

Holdings from Q3 2024 disclosure · accession 0001556785-24-000020 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
AMZNTOP 5	2,282,384	$214.10	—	$228.68	$488.66M	$521.94M	+6.81%	7.12%	+48.5 bps	1
SWKSTOP 5	4,096,031	$83.18	—	$65.93	$340.71M	$270.05M	-20.74%	6.77%	-140.4 bps	1
CRMTOP 5	1,388,214	$341.72	—	$326.54	$474.38M	$453.31M	-4.44%	6.37%	-28.3 bps	1
MSFTTOP 5	822,173	$425.20	—	$408.43	$349.59M	$335.8M	-3.94%	5.92%	-23.4 bps	1
CSGP	4,429,889	$75.77	—	$74.06	$335.65M	$328.08M	-2.26%	5.59%	-12.6 bps	1
MA	643,679	$521.88	—	$564.76	$335.92M	$363.52M	+8.22%	5.32%	+43.7 bps	1
GOOG	1,885,741	$180.49	—	$186.87	$340.36M	$352.39M	+3.53%	5.28%	+18.7 bps	1
CGTOP 5	6,787,368	$51.34	—	$51.77	$348.46M	$351.38M	+0.84%	4.89%	+4.1 bps	1
TDG	195,116	$1363.00	—	$1314.19	$265.94M	$256.42M	-3.58%	4.66%	-16.7 bps	1
LYV	2,463,181	$127.02	—	$153.76	$312.87M	$378.74M	+21.05%	4.51%	+95.0 bps	1
V	953,316	$309.48	—	$353.81	$295.03M	$337.29M	+14.32%	4.39%	+62.8 bps	1
CBRE	1,963,480	$135.55	—	$143.73	$266.15M	$282.21M	+6.03%	4.09%	+24.7 bps	1
KKR	1,854,111	$152.13	—	$140.56	$282.07M	$260.61M	-7.61%	4.05%	-30.8 bps	1
NICE	1,004,095	$199.17	—	$176.49	$199.99M	$177.21M	-11.39%	2.92%	-33.2 bps	1
QRVO	1,678,943	$65.60	—	$76.16	$110.14M	$127.87M	+16.10%	2.90%	+46.7 bps	1
ELV	279,285	$410.89	—	$389.25	$114.76M	$108.71M	-5.27%	2.43%	-12.8 bps	1
JLL	468,134	$267.04	—	$282.69	$125.01M	$132.34M	+5.86%	2.11%	+12.4 bps	1
HEI-A	560,263	$212.35	—	$177.68	$118.97M	$99.55M	-16.33%	1.91%	-31.2 bps	1
KMX	1,435,596	$77.86	—	$88.90	$111.78M	$127.62M	+14.18%	1.86%	+26.4 bps	1
ARES	682,442	$167.45	—	$186.18	$114.27M	$127.06M	+11.19%	1.78%	+19.9 bps	1
EG	258,141	$370.68	—	$332.69	$95.69M	$85.88M	-10.25%	1.69%	-17.4 bps	1
SSNC	1,335,870	$74.85	—	$88.66	$99.99M	$118.44M	+18.45%	1.66%	+30.6 bps	1
FI	444,232	$213.18	—	$230.60	$94.7M	$102.44M	+8.17%	1.34%	+10.9 bps	1
CIGI	386,904	$149.02	—	$131.70	$57.66M	$50.96M	-11.62%	0.98%	-11.4 bps	1
LFUS	216,944	$252.75	—	$246.87	$54.83M	$53.56M	-2.33%	0.96%	-2.2 bps	1
CWK	4,075,982	$14.44	—	$13.24	$58.86M	$53.97M	-8.31%	0.93%	-7.7 bps	1
ABM	1,049,464	$56.92	—	$52.92	$59.74M	$55.54M	-7.03%	0.93%	-6.5 bps	1
G	1,383,140	$45.91	—	$55.05	$63.5M	$76.14M	+19.91%	0.91%	+18.1 bps	1
ABT	388,122	$115.74	—	$130.61	$44.92M	$50.69M	+12.85%	0.74%	+9.5 bps	1
ITRN	1,219,621	$27.69	—	$35.58	$33.77M	$43.39M	+28.49%	0.55%	+15.6 bps	1
MAR	121,872	$286.47	—	$283.52	$34.91M	$34.55M	-1.03%	0.51%	-0.5 bps	1
SEE	795,595	$35.68	—	$33.99	$28.39M	$27.04M	-4.74%	0.48%	-2.3 bps	1
MLKN	1,110,157	$24.04	—	$22.73	$26.69M	$25.23M	-5.45%	0.46%	-2.5 bps	1
VRTS	115,077	$238.64	—	$186.85	$27.46M	$21.5M	-21.70%	0.40%	-8.8 bps	1
PRG	463,066	$48.84	—	$42.82	$22.62M	$19.83M	-12.33%	0.38%	-4.6 bps	1
TKR	225,386	$74.50	—	$83.15	$16.79M	$18.74M	+11.61%	0.32%	+3.7 bps	1
PK	1,310,632	$15.11	—	$12.88	$19.8M	$16.88M	-14.76%	0.31%	-4.6 bps	1
MEDP	46,101	$361.94	—	$340.18	$16.69M	$15.68M	-6.01%	0.26%	-1.5 bps	1
CCK	149,619	$92.25	—	$88.03	$13.8M	$13.17M	-4.57%	0.24%	-1.1 bps	1
AYI	46,148	$330.70	—	$329.09	$15.26M	$15.19M	-0.49%	0.21%	-0.1 bps	1
ENS	120,533	$97.96	—	$99.33	$11.81M	$11.97M	+1.40%	0.21%	+0.3 bps	1
SMRT	1,956,312	$1.48	—	$1.49	$2.9M	$2.91M	+0.68%	0.06%	+0.0 bps	1
DNB	—	—	—	—	—	—	—	0.58%	—	0
Top 5 (by entry value)(5)					$2B	$1.93B	-3.46%
Total(42)					$6.23B	$6.31B	+1.19%

2024-08-14 → 2024-11-13

43 of 44 priced99.26% coverage

+10.82%

Holdings from Q2 2024 disclosure · accession 0001556785-24-000014 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
AMZNTOP 5	2,490,807	$170.10	—	$214.10	$423.69M	$533.28M	+25.87%	7.35%	+190.2 bps	1
SWKSTOP 5	4,518,451	$104.88	—	$83.18	$473.9M	$375.84M	-20.69%	7.35%	-152.1 bps	1
CRMTOP 5	1,476,111	$255.32	—	$341.72	$376.88M	$504.42M	+33.84%	5.79%	+196.1 bps	1
MSFTTOP 5	826,752	$416.86	—	$425.20	$344.64M	$351.53M	+2.00%	5.65%	+11.3 bps	1
GOOG	1,980,905	$162.03	—	$180.49	$320.97M	$357.53M	+11.39%	5.55%	+63.2 bps	1
KKRTOP 5	2,924,461	$118.38	—	$152.13	$346.2M	$444.9M	+28.51%	4.70%	+133.9 bps	1
CSGP	4,138,987	$73.54	—	$75.77	$304.38M	$313.61M	+3.03%	4.68%	+14.2 bps	1
MA	688,998	$460.16	—	$521.88	$317.05M	$359.57M	+13.41%	4.64%	+62.2 bps	1
CG	7,495,229	$40.79	—	$51.34	$305.73M	$384.81M	+25.86%	4.59%	+118.8 bps	1
TDG	220,570	$1248.36	—	$1363.00	$275.35M	$300.64M	+9.18%	4.30%	+39.5 bps	1
V	1,020,377	$261.14	—	$309.48	$266.46M	$315.79M	+18.51%	4.09%	+75.7 bps	1
LYV	2,694,463	$93.49	—	$127.02	$251.91M	$342.25M	+35.86%	3.86%	+138.4 bps	1
QRVO	2,123,936	$108.52	—	$65.60	$230.49M	$139.33M	-39.55%	3.77%	-149.0 bps	1
CBRE	2,666,141	$110.49	—	$135.55	$294.58M	$361.4M	+22.68%	3.62%	+82.2 bps	1
NICE	1,188,371	$166.78	—	$199.17	$198.2M	$236.69M	+19.42%	3.12%	+60.5 bps	1
JLL	943,391	$240.93	—	$267.04	$227.29M	$251.92M	+10.84%	2.95%	+32.0 bps	1
ELV	344,938	$539.22	—	$410.89	$186M	$141.73M	-23.80%	2.85%	-67.9 bps	1
ARES	1,143,671	$143.83	—	$167.45	$164.49M	$191.51M	+16.42%	2.33%	+38.3 bps	1
KMX	1,827,139	$77.45	—	$77.86	$141.51M	$142.26M	+0.53%	2.04%	+1.1 bps	1
HEI-A	734,063	$184.76	—	$212.35	$135.63M	$155.88M	+14.93%	1.99%	+29.7 bps	1
SSNC	1,918,399	$71.40	—	$74.85	$136.97M	$143.59M	+4.83%	1.83%	+8.9 bps	1
FI	600,318	$164.03	—	$213.18	$98.47M	$127.98M	+29.96%	1.36%	+40.9 bps	1
UNH	167,470	$579.67	—	$605.87	$97.08M	$101.47M	+4.52%	1.30%	+5.9 bps	1
LFUS	241,365	$251.82	—	$252.75	$60.78M	$61.01M	+0.37%	0.94%	+0.3 bps	1
ABM	1,168,048	$53.30	—	$56.92	$62.26M	$66.49M	+6.79%	0.90%	+6.1 bps	1
ABT	500,469	$109.89	—	$115.74	$55M	$57.92M	+5.32%	0.79%	+4.2 bps	1
CIGI	454,181	$135.97	—	$149.02	$61.75M	$67.68M	+9.60%	0.78%	+7.4 bps	1
SBUX	651,366	$93.90	—	$99.80	$61.16M	$65.01M	+6.28%	0.77%	+4.9 bps	1
CWK	4,765,752	$12.61	—	$14.44	$60.1M	$68.82M	+14.51%	0.76%	+11.0 bps	1
ITRN	1,410,937	$26.30	—	$27.69	$37.11M	$39.07M	+5.29%	0.54%	+2.8 bps	1
MAR	140,475	$217.10	—	$286.47	$30.5M	$40.24M	+31.95%	0.52%	+16.6 bps	1
MLKN	1,164,023	$28.10	—	$24.04	$32.71M	$27.98M	-14.45%	0.47%	-6.9 bps	1
SEE	878,918	$32.45	—	$35.68	$28.52M	$31.36M	+9.95%	0.47%	+4.6 bps	1
VRTS	128,890	$200.42	—	$238.64	$25.83M	$30.76M	+19.07%	0.44%	+8.5 bps	1
PRG	789,920	$41.62	—	$48.84	$32.88M	$38.58M	+17.35%	0.42%	+7.3 bps	1
SMRT	8,995,284	$1.44	—	$1.48	$12.95M	$13.31M	+2.78%	0.33%	+0.9 bps	1
TKR	257,129	$81.72	—	$74.50	$21.01M	$19.16M	-8.84%	0.31%	-2.8 bps	1
MEDP	38,600	$385.20	—	$361.94	$14.87M	$13.97M	-6.04%	0.24%	-1.5 bps	1
ENS	138,507	$94.70	—	$97.96	$13.12M	$13.57M	+3.44%	0.22%	+0.8 bps	1
PK	920,427	$13.94	—	$15.11	$12.83M	$13.91M	+8.39%	0.21%	+1.8 bps	1
CCK	183,368	$86.72	—	$92.25	$15.9M	$16.92M	+6.38%	0.21%	+1.3 bps	1
PLNT	97,386	$79.76	—	$96.83	$7.77M	$9.43M	+21.40%	0.11%	+2.3 bps	1
AYI	27,828	$231.32	—	$330.70	$6.44M	$9.2M	+42.96%	0.10%	+4.4 bps	1
DNB	—	—	—	—	—	—	—	0.74%	—	0
Top 5 (by entry value)(5)					$1.97B	$2.21B	+12.45%
Total(43)					$6.57B	$7.28B	+10.82%

2024-05-15 → 2024-08-14

45 of 46 priced99.40% coverage

-0.41%

Holdings from Q1 2024 disclosure · accession 0001556785-24-000012 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
KKRTOP 5	5,381,037	$107.67	—	$118.38	$579.38M	$637.01M	+9.95%	7.86%	+78.2 bps	1
AMZNTOP 5	2,909,298	$185.99	—	$170.10	$541.1M	$494.87M	-8.54%	7.62%	-65.1 bps	1
MSFTTOP 5	1,040,526	$423.08	—	$416.86	$440.23M	$433.75M	-1.47%	6.36%	-9.3 bps	1
TDGTOP 5	337,725	$1289.20	—	$1248.36	$435.4M	$421.6M	-3.17%	6.04%	-19.1 bps	1
GOOGTOP 5	2,547,815	$173.88	—	$162.03	$443.01M	$412.82M	-6.82%	5.64%	-38.4 bps	1
CG	7,792,628	$44.06	—	$40.79	$343.34M	$317.86M	-7.42%	5.31%	-39.4 bps	1
SWKS	3,255,487	$94.39	—	$104.88	$307.29M	$341.44M	+11.11%	5.12%	+56.9 bps	1
MA	703,197	$458.00	—	$460.16	$322.06M	$323.58M	+0.47%	4.92%	+2.3 bps	1
V	1,048,706	$281.50	—	$261.14	$295.21M	$273.86M	-7.23%	4.25%	-30.7 bps	1
CRM	838,401	$287.54	—	$255.32	$241.07M	$214.06M	-11.21%	3.67%	-41.1 bps	1
CBRE	2,543,033	$92.26	—	$110.49	$234.62M	$280.98M	+19.76%	3.59%	+70.9 bps	1
CSGP	2,177,070	$88.48	—	$73.54	$192.63M	$160.1M	-16.89%	3.05%	-51.5 bps	1
NICE	793,656	$228.10	—	$166.78	$181.03M	$132.37M	-26.88%	3.00%	-80.6 bps	1
ELV	389,740	$539.99	—	$539.22	$210.46M	$210.16M	-0.14%	2.93%	-0.4 bps	1
JLL	1,008,121	$207.88	—	$240.93	$209.57M	$242.89M	+15.90%	2.85%	+45.3 bps	1
LYV	1,839,266	$96.48	—	$93.49	$177.45M	$171.95M	-3.10%	2.82%	-8.8 bps	1
QRVO	1,573,825	$99.91	—	$108.52	$157.24M	$170.79M	+8.62%	2.62%	+22.6 bps	1
ARES	1,357,069	$149.82	—	$143.83	$203.32M	$195.19M	-4.00%	2.62%	-10.5 bps	1
SSNC	2,029,596	$63.57	—	$71.40	$129.02M	$144.91M	+12.32%	1.90%	+23.3 bps	1
HEI-A	831,809	$170.01	—	$184.76	$141.42M	$153.69M	+8.68%	1.86%	+16.1 bps	1
FI	647,780	$155.01	—	$164.03	$100.41M	$106.26M	+5.82%	1.50%	+8.7 bps	1
UNH	179,241	$517.55	—	$579.67	$92.77M	$103.9M	+12.00%	1.29%	+15.4 bps	1
SBUX	791,326	$75.70	—	$93.90	$59.9M	$74.31M	+24.04%	1.05%	+25.3 bps	1
ABT	568,260	$104.59	—	$109.89	$59.43M	$62.45M	+5.07%	0.94%	+4.7 bps	1
ABM	1,405,242	$46.02	—	$53.30	$64.67M	$74.9M	+15.82%	0.91%	+14.4 bps	1
LFUS	256,966	$253.40	—	$251.82	$65.12M	$64.71M	-0.62%	0.90%	-0.6 bps	1
CWK	5,095,985	$11.38	—	$12.61	$57.99M	$64.26M	+10.81%	0.77%	+8.4 bps	1
CIGI	434,031	$116.84	—	$135.97	$50.71M	$59.02M	+16.37%	0.77%	+12.6 bps	1
ITRN	1,526,894	$27.85	—	$26.30	$42.52M	$40.16M	-5.57%	0.62%	-3.5 bps	1
G	1,282,586	$34.47	—	$37.57	$44.21M	$48.19M	+8.99%	0.61%	+5.5 bps	1
KMX	457,153	$74.35	—	$77.45	$33.99M	$35.41M	+4.17%	0.58%	+2.4 bps	1
VRTS	157,376	$234.43	—	$200.42	$36.89M	$31.54M	-14.51%	0.57%	-8.2 bps	1
SEE	1,042,984	$38.78	—	$32.45	$40.45M	$33.84M	-16.32%	0.56%	-9.2 bps	1
BALL	556,208	$70.53	—	$62.20	$39.23M	$34.6M	-11.81%	0.54%	-6.4 bps	1
MAR	141,475	$236.00	—	$217.10	$33.39M	$30.71M	-8.01%	0.52%	-4.2 bps	1
PK	1,941,008	$16.13	—	$13.94	$31.31M	$27.06M	-13.58%	0.49%	-6.7 bps	1
PRG	979,614	$36.13	—	$41.62	$35.39M	$40.77M	+15.20%	0.49%	+7.4 bps	1
MLKN	1,272,842	$28.25	—	$28.10	$35.96M	$35.77M	-0.53%	0.46%	-0.2 bps	1
MEDP	76,516	$405.88	—	$385.20	$31.06M	$29.47M	-5.10%	0.45%	-2.3 bps	1
TKR	338,922	$93.10	—	$81.72	$31.55M	$27.7M	-12.22%	0.43%	-5.3 bps	1
SMRT	9,656,894	$2.78	—	$1.44	$26.85M	$13.91M	-48.20%	0.38%	-18.1 bps	1
ENS	232,483	$98.56	—	$94.70	$22.91M	$22.02M	-3.92%	0.32%	-1.2 bps	1
AYI	34,996	$266.26	—	$231.32	$9.32M	$8.1M	-13.12%	0.14%	-1.8 bps	1
CCK	69,962	$84.22	—	$86.72	$5.89M	$6.07M	+2.97%	0.08%	+0.2 bps	1
GE	1,409	$163.47	—	$167.95	$230.33K	$236.64K	+2.74%	0.00%	+0.0 bps	1
DNB	—	—	—	—	—	—	—	0.60%	—	0
Top 5 (by entry value)(5)					$2.44B	$2.4B	-1.60%
Total(45)					$6.84B	$6.81B	-0.41%

2024-02-13 → 2024-05-15

45 of 46 priced99.40% coverage

+7.90%

Holdings from Q4 2023 disclosure · accession 0001556785-24-000007 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
KKRTOP 5	6,104,549	$95.88	—	$107.67	$585.3M	$657.28M	+12.30%	7.42%	+91.2 bps	1
AMZNTOP 5	3,137,012	$168.64	—	$185.99	$529.03M	$583.45M	+10.29%	6.99%	+71.9 bps	1
CRMTOP 5	1,597,720	$281.15	—	$287.54	$449.2M	$459.41M	+2.27%	6.17%	+14.0 bps	1
MSFTTOP 5	1,095,775	$406.32	—	$423.08	$445.24M	$463.6M	+4.12%	6.04%	+24.9 bps	1
TDGTOP 5	387,364	$1122.26	—	$1289.20	$434.72M	$499.39M	+14.88%	5.75%	+85.5 bps	1
GOOG	2,673,507	$146.37	—	$173.88	$391.32M	$464.87M	+18.79%	5.53%	+103.9 bps	1
CG	8,435,231	$43.39	—	$44.06	$366M	$371.66M	+1.54%	5.03%	+7.8 bps	1
SWKS	2,890,983	$103.38	—	$94.39	$298.87M	$272.88M	-8.70%	4.76%	-41.4 bps	1
MA	743,641	$460.46	—	$458.00	$342.42M	$340.59M	-0.53%	4.65%	-2.5 bps	1
V	1,094,118	$275.81	—	$281.50	$301.77M	$307.99M	+2.06%	4.18%	+8.6 bps	1
CBRE	2,412,179	$85.14	—	$92.26	$205.37M	$222.55M	+8.36%	3.30%	+27.6 bps	1
JLL	1,104,349	$171.66	—	$207.88	$189.57M	$229.57M	+21.10%	3.06%	+64.5 bps	1
QRVO	1,662,449	$111.71	—	$99.91	$185.71M	$166.1M	-10.56%	2.74%	-29.0 bps	1
ARES	1,551,992	$134.91	—	$149.82	$209.38M	$232.52M	+11.05%	2.70%	+29.9 bps	1
ELV	384,417	$505.31	—	$539.99	$194.25M	$207.58M	+6.86%	2.66%	+18.3 bps	1
NICE	894,033	$218.04	—	$228.10	$194.93M	$203.93M	+4.61%	2.61%	+12.1 bps	1
GE	1,184,715	$113.14	—	$163.47	$134.04M	$193.67M	+44.48%	2.22%	+98.7 bps	1
CSGP	1,600,687	$81.64	—	$88.48	$130.68M	$141.63M	+8.38%	2.05%	+17.2 bps	1
SSNC	2,232,240	$60.15	—	$63.57	$134.27M	$141.9M	+5.69%	2.00%	+11.4 bps	1
HEI-A	872,999	$150.88	—	$170.01	$131.72M	$148.42M	+12.68%	1.82%	+23.1 bps	1
BALL	1,755,663	$59.82	—	$70.53	$105.02M	$123.83M	+17.90%	1.48%	+26.5 bps	1
FI	729,266	$143.58	—	$155.01	$104.71M	$113.04M	+7.96%	1.42%	+11.3 bps	1
MAR	365,685	$234.94	—	$236.00	$85.91M	$86.3M	+0.45%	1.21%	+0.5 bps	1
ABT	665,088	$111.34	—	$104.59	$74.05M	$69.56M	-6.06%	1.07%	-6.5 bps	1
LFUS	263,890	$237.62	—	$253.40	$62.71M	$66.87M	+6.64%	1.04%	+6.9 bps	1
ABM	1,365,929	$39.83	—	$46.02	$54.4M	$62.86M	+15.54%	0.90%	+14.0 bps	1
AMAT	373,144	$180.31	—	$217.49	$67.28M	$81.16M	+20.62%	0.88%	+18.2 bps	1
CIGI	474,208	$122.31	—	$116.84	$58M	$55.41M	-4.47%	0.88%	-3.9 bps	1
CWK	5,539,791	$10.23	—	$11.38	$56.67M	$63.04M	+11.24%	0.88%	+9.9 bps	1
UNH	105,244	$516.85	—	$517.55	$54.4M	$54.47M	+0.14%	0.81%	+0.1 bps	1
TXN	319,624	$156.85	—	$195.53	$50.13M	$62.5M	+24.66%	0.80%	+19.7 bps	1
VRTS	190,106	$228.18	—	$234.43	$43.38M	$44.57M	+2.74%	0.67%	+1.8 bps	1
ITRN	1,681,329	$25.30	—	$27.85	$42.54M	$46.83M	+10.08%	0.67%	+6.8 bps	1
G	1,250,392	$35.08	—	$34.47	$43.86M	$43.1M	-1.74%	0.64%	-1.1 bps	1
PK	2,732,270	$14.69	—	$16.13	$40.14M	$44.07M	+9.80%	0.61%	+6.0 bps	1
SEE	1,135,492	$35.70	—	$38.78	$40.54M	$44.03M	+8.63%	0.61%	+5.2 bps	1
PRG	1,021,463	$32.28	—	$36.13	$32.97M	$36.91M	+11.93%	0.46%	+5.5 bps	1
MEDP	102,260	$364.10	—	$405.88	$37.23M	$41.51M	+11.47%	0.46%	+5.3 bps	1
SMRT	9,817,910	$2.84	—	$2.78	$27.88M	$27.29M	-2.11%	0.46%	-1.0 bps	1
MLKN	1,087,257	$27.70	—	$28.25	$30.12M	$30.72M	+1.99%	0.43%	+0.8 bps	1
TKR	356,517	$79.89	—	$93.10	$28.48M	$33.19M	+16.54%	0.42%	+6.9 bps	1
AYI	125,205	$235.16	—	$266.26	$29.44M	$33.34M	+13.23%	0.38%	+5.0 bps	1
ENS	236,059	$87.93	—	$98.56	$20.76M	$23.27M	+12.09%	0.35%	+4.2 bps	1
CNM	257,850	$43.55	—	$62.03	$11.23M	$15.99M	+42.43%	0.15%	+6.5 bps	1
SPY	3,472	$494.08	—	$529.78	$1.72M	$1.84M	+7.23%	0.02%	+0.2 bps	1
DNB	—	—	—	—	—	—	—	0.60%	—	0
Top 5 (by entry value)(5)					$2.44B	$2.66B	+8.99%
Total(45)					$7.06B	$7.61B	+7.90%

2023-11-14 → 2024-02-13

44 of 45 priced99.50% coverage

+16.30%

Holdings from Q3 2023 disclosure · accession 0001556785-23-000023 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
AMZNTOP 5	3,557,422	$145.80	—	$168.64	$518.67M	$599.92M	+15.67%	6.89%	+107.9 bps	1
KKRTOP 5	6,918,569	$66.63	—	$95.88	$460.98M	$663.35M	+43.90%	6.49%	+284.9 bps	1
MSFTTOP 5	1,346,478	$370.27	—	$406.32	$498.56M	$547.1M	+9.74%	6.48%	+63.1 bps	1
GOOGTOP 5	3,159,334	$135.43	—	$146.37	$427.87M	$462.43M	+8.08%	6.35%	+51.3 bps	1
CRM	1,834,897	$221.18	—	$281.15	$405.84M	$515.88M	+27.11%	5.67%	+153.7 bps	1
TDGTOP 5	432,748	$996.74	—	$1122.26	$431.34M	$485.66M	+12.59%	5.55%	+69.9 bps	1
MA	814,320	$397.65	—	$460.46	$323.81M	$374.96M	+15.80%	4.91%	+77.6 bps	1
SWKS	3,231,693	$92.85	—	$103.38	$300.06M	$334.09M	+11.34%	4.85%	+55.0 bps	1
V	1,308,357	$246.94	—	$275.81	$323.09M	$360.86M	+11.69%	4.58%	+53.6 bps	1
CG	9,813,179	$31.81	—	$43.39	$312.16M	$425.79M	+36.40%	4.51%	+164.1 bps	1
ARES	2,007,931	$109.82	—	$134.91	$220.51M	$270.89M	+22.85%	3.15%	+71.9 bps	1
CBRE	2,653,003	$77.94	—	$85.14	$206.78M	$225.88M	+9.24%	2.98%	+27.6 bps	1
ELV	449,530	$461.75	—	$505.31	$207.57M	$227.15M	+9.43%	2.98%	+28.1 bps	1
QRVO	1,975,785	$94.62	—	$111.71	$186.95M	$220.71M	+18.06%	2.87%	+51.9 bps	1
NICE	1,043,004	$178.90	—	$218.04	$186.59M	$227.42M	+21.88%	2.70%	+59.1 bps	1
JLL	1,135,507	$151.08	—	$171.66	$171.55M	$194.92M	+13.62%	2.44%	+33.2 bps	1
GE	1,243,933	$93.58	—	$113.14	$116.4M	$140.74M	+20.91%	2.09%	+43.8 bps	1
CSGP	1,723,070	$82.74	—	$81.64	$142.57M	$140.67M	-1.33%	2.02%	-2.7 bps	1
SSNC	2,518,401	$54.40	—	$60.15	$137M	$151.48M	+10.57%	2.01%	+21.3 bps	1
HEI-A	1,002,335	$136.54	—	$150.88	$136.86M	$151.23M	+10.50%	1.97%	+20.7 bps	1
FI	829,535	$122.16	—	$143.58	$101.34M	$119.1M	+17.53%	1.43%	+25.0 bps	1
MAR	424,700	$202.36	—	$234.94	$85.94M	$99.78M	+16.10%	1.27%	+20.5 bps	1
BALL	1,566,086	$50.94	—	$59.82	$79.78M	$93.68M	+17.43%	1.19%	+20.7 bps	1
ABT	726,165	$97.08	—	$111.34	$70.5M	$80.85M	+14.69%	1.07%	+15.7 bps	1
LFUS	273,969	$237.07	—	$237.62	$64.95M	$65.1M	+0.23%	1.03%	+0.2 bps	1
ABM	1,686,407	$41.62	—	$39.83	$70.19M	$67.17M	-4.30%	1.03%	-4.4 bps	1
UNH	123,681	$540.46	—	$516.85	$66.84M	$63.92M	-4.37%	0.95%	-4.2 bps	1
AMAT	430,707	$154.08	—	$180.31	$66.36M	$77.66M	+17.02%	0.91%	+15.5 bps	1
TXN	344,797	$149.93	—	$156.85	$51.7M	$54.08M	+4.62%	0.84%	+3.9 bps	1
ITRN	1,774,877	$25.49	—	$25.30	$45.24M	$44.9M	-0.75%	0.81%	-0.6 bps	1
CIGI	552,344	$102.90	—	$122.31	$56.84M	$67.56M	+18.86%	0.80%	+15.1 bps	1
G	1,399,254	$33.48	—	$35.08	$46.85M	$49.09M	+4.78%	0.77%	+3.7 bps	1
CWK	6,420,796	$8.52	—	$10.23	$54.71M	$65.68M	+20.07%	0.75%	+15.0 bps	1
VRTS	213,940	$203.58	—	$228.18	$43.55M	$48.82M	+12.08%	0.66%	+8.0 bps	1
PK	3,459,226	$13.89	—	$14.69	$48.05M	$50.82M	+5.76%	0.65%	+3.7 bps	1
SEE	1,144,343	$33.44	—	$35.70	$38.27M	$40.85M	+6.76%	0.57%	+3.9 bps	1
MEDP	140,119	$282.16	—	$364.10	$39.54M	$51.02M	+29.04%	0.52%	+15.0 bps	1
MLKN	1,368,007	$25.57	—	$27.70	$34.98M	$37.89M	+8.33%	0.51%	+4.2 bps	1
PRG	959,208	$29.50	—	$32.28	$28.3M	$30.96M	+9.42%	0.49%	+4.6 bps	1
TKR	401,471	$73.92	—	$79.89	$29.68M	$32.07M	+8.08%	0.45%	+3.6 bps	1
SMRT	10,431,183	$3.13	—	$2.84	$32.65M	$29.62M	-9.27%	0.41%	-3.8 bps	1
AYI	152,196	$182.80	—	$235.16	$27.82M	$35.79M	+28.64%	0.39%	+11.3 bps	1
ENS	254,960	$93.20	—	$87.93	$23.76M	$22.42M	-5.65%	0.37%	-2.1 bps	1
CNM	338,123	$33.33	—	$43.55	$11.27M	$14.73M	+30.66%	0.15%	+4.6 bps	1
DNB	—	—	—	—	—	—	—	0.50%	—	0
Top 5 (by entry value)(5)					$2.34B	$2.76B	+18.01%
Total(44)					$6.93B	$8.06B	+16.30%

2023-08-14 → 2023-11-14

42 of 44 priced99.47% coverage

+1.11%

Holdings from Q2 2023 disclosure · accession 0001556785-23-000021 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
MSFTTOP 5	1,742,923	$324.04	—	$370.27	$564.78M	$645.35M	+14.27%	7.45%	+106.3 bps	1
AMZNTOP 5	4,378,601	$140.57	—	$145.80	$615.5M	$638.4M	+3.72%	7.17%	+26.7 bps	1
TDGTOP 5	626,838	$865.01	—	$996.74	$542.22M	$624.79M	+15.23%	7.04%	+107.2 bps	1
GOOGTOP 5	3,808,696	$131.83	—	$135.43	$502.1M	$515.81M	+2.73%	5.79%	+15.8 bps	1
KKRTOP 5	8,037,780	$61.78	—	$66.63	$496.57M	$535.56M	+7.85%	5.65%	+44.4 bps	1
CRM	2,108,013	$212.06	—	$221.18	$447.03M	$466.25M	+4.30%	5.59%	+24.1 bps	1
MA	1,032,820	$398.58	—	$397.65	$411.66M	$410.7M	-0.23%	5.10%	-1.2 bps	1
SWKS	3,630,030	$108.83	—	$92.85	$395.06M	$337.05M	-14.68%	5.05%	-74.1 bps	1
V	1,519,466	$242.90	—	$246.94	$369.08M	$375.22M	+1.66%	4.53%	+7.5 bps	1
CG	11,240,921	$31.37	—	$31.81	$352.63M	$357.57M	+1.40%	4.51%	+6.3 bps	1
ELV	546,818	$471.40	—	$461.75	$257.77M	$252.49M	-2.05%	3.05%	-6.2 bps	1
ARES	2,515,225	$101.53	—	$109.82	$255.37M	$276.22M	+8.17%	3.04%	+24.9 bps	1
CBRE	2,997,985	$84.65	—	$77.94	$253.78M	$233.66M	-7.93%	3.04%	-24.1 bps	1
CSGP	2,662,708	$81.31	—	$82.74	$216.5M	$220.31M	+1.76%	2.97%	+5.2 bps	1
QRVO	2,308,344	$103.19	—	$94.62	$238.2M	$218.42M	-8.31%	2.96%	-24.6 bps	1
JLL	1,483,274	$171.60	—	$151.08	$254.53M	$224.09M	-11.96%	2.90%	-34.7 bps	1
GE	1,898,425	$92.22	—	$93.58	$175.07M	$177.65M	+1.47%	2.62%	+3.9 bps	1
NICE	847,645	$217.64	—	$178.90	$184.48M	$151.64M	-17.80%	2.20%	-39.1 bps	1
HEI-A	1,160,427	$136.36	—	$136.54	$158.24M	$158.44M	+0.13%	2.05%	+0.3 bps	1
AMAT	984,443	$141.89	—	$154.08	$139.68M	$151.68M	+8.59%	1.79%	+15.4 bps	1
BALL	1,997,074	$56.66	—	$50.94	$113.15M	$101.73M	-10.10%	1.46%	-14.7 bps	1
FI	795,494	$124.47	—	$122.16	$99.02M	$97.18M	-1.86%	1.26%	-2.3 bps	1
LFUS	343,150	$259.98	—	$237.07	$89.21M	$81.35M	-8.81%	1.26%	-11.1 bps	1
SSNC	1,586,793	$56.40	—	$54.40	$89.5M	$86.32M	-3.55%	1.21%	-4.3 bps	1
ABT	840,986	$106.10	—	$97.08	$89.23M	$81.64M	-8.50%	1.15%	-9.8 bps	1
LRCX	120,856	$667.20	—	$694.92	$80.64M	$83.99M	+4.15%	0.98%	+4.1 bps	1
CIGI	604,817	$107.83	—	$102.90	$65.22M	$62.24M	-4.57%	0.75%	-3.4 bps	1
CWK	6,920,751	$9.76	—	$8.52	$67.55M	$58.96M	-12.70%	0.71%	-9.0 bps	1
ABM	1,275,474	$45.82	—	$41.62	$58.44M	$53.09M	-9.17%	0.68%	-6.3 bps	1
G	1,321,562	$36.79	—	$33.48	$48.62M	$44.25M	-9.00%	0.62%	-5.6 bps	1
ITRN	2,032,424	$27.93	—	$25.49	$56.77M	$51.81M	-8.74%	0.60%	-5.2 bps	1
MEDP	192,008	$265.62	—	$282.16	$51M	$54.18M	+6.23%	0.58%	+3.6 bps	1
PK	3,555,020	$12.91	—	$13.89	$45.9M	$49.38M	+7.59%	0.57%	+4.3 bps	1
VRTS	222,015	$199.50	—	$203.58	$44.29M	$45.2M	+2.05%	0.55%	+1.1 bps	1
SMRT	10,609,244	$3.45	—	$3.13	$36.6M	$33.21M	-9.28%	0.51%	-4.7 bps	1
SEE	792,798	$37.48	—	$33.44	$29.71M	$26.51M	-10.78%	0.40%	-4.3 bps	1
PRG	986,496	$37.63	—	$29.50	$37.12M	$29.1M	-21.61%	0.40%	-8.6 bps	1
ENS	256,286	$96.18	—	$93.20	$24.65M	$23.89M	-3.10%	0.35%	-1.1 bps	1
AYI	153,014	$164.67	—	$182.80	$25.2M	$27.97M	+11.01%	0.31%	+3.5 bps	1
MLKN	1,543,425	$20.07	—	$25.57	$30.98M	$39.47M	+27.40%	0.29%	+7.9 bps	1
TKR	167,680	$78.16	—	$73.92	$13.11M	$12.39M	-5.42%	0.19%	-1.0 bps	1
CNM	360,048	$32.04	—	$33.33	$11.54M	$12M	+4.03%	0.14%	+0.6 bps	1
FWRD	—	—	—	—	—	—	—	0.36%	—	0
DNB	—	—	—	—	—	—	—	0.17%	—	0
Top 5 (by entry value)(5)					$2.72B	$2.96B	+8.77%
Total(42)					$8.04B	$8.13B	+1.11%

2023-05-15 → 2023-08-14

41 of 43 priced99.43% coverage

+11.58%

Holdings from Q1 2023 disclosure · accession 0001556785-23-000019 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
MSFTTOP 5	2,167,530	$309.46	—	$324.04	$670.76M	$702.37M	+4.71%	7.91%	+37.3 bps	1
AMZNTOP 5	5,198,557	$111.20	—	$140.57	$578.08M	$730.76M	+26.41%	6.79%	+179.4 bps	1
TDGTOP 5	691,165	$808.14	—	$865.01	$558.56M	$597.86M	+7.04%	6.45%	+45.4 bps	1
CRMTOP 5	2,433,975	$203.33	—	$212.06	$494.9M	$516.15M	+4.29%	6.15%	+26.4 bps	1
KKR	8,414,914	$49.11	—	$61.78	$413.26M	$519.87M	+25.80%	5.59%	+144.2 bps	1
GOOGTOP 5	4,217,585	$116.96	—	$131.83	$493.29M	$556M	+12.71%	5.55%	+70.6 bps	1
SWKS	3,600,740	$99.49	—	$108.83	$358.24M	$391.87M	+9.39%	5.37%	+50.5 bps	1
MA	1,091,549	$383.41	—	$398.58	$418.51M	$435.07M	+3.96%	5.02%	+19.9 bps	1
CG	11,553,844	$26.78	—	$31.37	$309.41M	$362.44M	+17.14%	4.54%	+77.8 bps	1
V	1,585,095	$232.81	—	$242.90	$369.03M	$385.02M	+4.33%	4.52%	+19.6 bps	1
GE	2,642,436	$81.40	—	$92.22	$215.11M	$243.68M	+13.28%	3.20%	+42.5 bps	1
QRVO	2,474,029	$93.02	—	$103.19	$230.13M	$255.3M	+10.93%	3.18%	+34.8 bps	1
ARES	2,778,272	$83.27	—	$101.53	$231.35M	$282.08M	+21.93%	2.93%	+64.3 bps	1
AMAT	1,849,486	$121.11	—	$141.89	$223.99M	$262.42M	+17.16%	2.87%	+49.3 bps	1
CSGP	3,094,970	$75.98	—	$81.31	$235.16M	$251.65M	+7.01%	2.70%	+18.9 bps	1
CBRE	2,839,774	$74.16	—	$84.65	$210.6M	$240.39M	+14.15%	2.62%	+37.0 bps	1
NICE	897,419	$185.83	—	$217.64	$166.77M	$195.31M	+17.12%	2.60%	+44.4 bps	1
JLL	1,407,528	$138.47	—	$171.60	$194.9M	$241.53M	+23.93%	2.59%	+62.0 bps	1
ELV	406,001	$452.55	—	$471.40	$183.74M	$191.39M	+4.17%	2.37%	+9.9 bps	1
HEI-A	1,246,114	$141.02	—	$136.36	$175.73M	$169.92M	-3.30%	2.14%	-7.1 bps	1
LRCX	290,012	$552.27	—	$667.20	$160.16M	$193.5M	+20.81%	1.94%	+40.4 bps	1
BALL	2,135,098	$56.57	—	$56.66	$120.78M	$120.97M	+0.16%	1.49%	+0.2 bps	1
LFUS	367,827	$261.02	—	$259.98	$96.01M	$95.63M	-0.40%	1.25%	-0.5 bps	1
ABT	906,307	$109.84	—	$106.10	$99.55M	$96.16M	-3.41%	1.16%	-4.0 bps	1
CWK	7,372,334	$7.70	—	$9.76	$56.77M	$71.95M	+26.75%	0.98%	+26.3 bps	1
UPS	383,604	$168.85	—	$175.51	$64.77M	$67.33M	+3.94%	0.94%	+3.7 bps	1
ABM	1,337,959	$43.51	—	$45.82	$58.21M	$61.31M	+5.31%	0.76%	+4.0 bps	1
CIGI	559,265	$91.84	—	$107.83	$51.36M	$60.31M	+17.41%	0.75%	+13.0 bps	1
ITRN	2,397,492	$21.70	—	$27.93	$52.03M	$66.96M	+28.71%	0.66%	+19.0 bps	1
PK	3,871,859	$13.47	—	$12.91	$52.15M	$49.99M	-4.16%	0.61%	-2.5 bps	1
VRTS	227,701	$174.46	—	$199.50	$39.72M	$45.43M	+14.35%	0.55%	+7.9 bps	1
MEDP	220,571	$210.88	—	$265.62	$46.51M	$58.59M	+25.96%	0.52%	+13.6 bps	1
ENS	472,309	$84.35	—	$96.18	$39.84M	$45.43M	+14.02%	0.52%	+7.3 bps	1
SMRT	13,791,927	$3.55	—	$3.45	$48.96M	$47.58M	-2.82%	0.45%	-1.3 bps	1
MLKN	1,515,868	$16.27	—	$20.07	$24.66M	$30.42M	+23.36%	0.39%	+9.2 bps	1
PRG	1,075,773	$32.06	—	$37.63	$34.49M	$40.48M	+17.37%	0.32%	+5.6 bps	1
CNM	979,179	$27.17	—	$32.04	$26.6M	$31.37M	+17.92%	0.29%	+5.1 bps	1
SEE	473,615	$42.92	—	$37.48	$20.33M	$17.75M	-12.67%	0.28%	-3.5 bps	1
TKR	248,580	$74.48	—	$78.16	$18.51M	$19.43M	+4.94%	0.26%	+1.3 bps	1
AYI	68,365	$158.91	—	$164.67	$10.86M	$11.26M	+3.62%	0.16%	+0.6 bps	1
CW	29,370	$164.75	—	$206.31	$4.84M	$6.06M	+25.23%	0.07%	+1.7 bps	1
FWRD	—	—	—	—	—	—	—	0.40%	—	0
CRNC	—	—	—	—	—	—	—	0.17%	—	0
Top 5 (by entry value)(5)					$2.8B	$3.1B	+11.00%
Total(41)					$7.86B	$8.77B	+11.58%

2023-02-14 → 2023-05-15

39 of 41 priced99.47% coverage

-0.88%

Holdings from Q4 2022 disclosure · accession 0001556785-23-000003 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
TDGTOP 5	835,344	$755.68	—	$808.14	$631.25M	$675.07M	+6.94%	7.06%	+49.0 bps	1
MSFTTOP 5	2,061,353	$272.17	—	$309.46	$561.04M	$637.91M	+13.70%	6.64%	+91.0 bps	1
MATOP 5	1,402,068	$369.96	—	$383.41	$518.71M	$537.57M	+3.64%	6.55%	+23.8 bps	1
GE	5,620,658	$66.67	—	$81.40	$374.74M	$457.55M	+22.10%	6.33%	+139.9 bps	1
AMZNTOP 5	5,067,724	$99.70	—	$111.20	$505.25M	$563.53M	+11.53%	5.72%	+66.0 bps	1
KKRTOP 5	8,943,284	$58.60	—	$49.11	$524.08M	$439.2M	-16.19%	5.58%	-90.3 bps	1
CG	12,637,553	$35.33	—	$26.78	$446.48M	$338.43M	-24.20%	5.07%	-122.6 bps	1
CRM	2,751,250	$169.96	—	$203.33	$467.6M	$559.41M	+19.63%	4.90%	+96.3 bps	1
V	1,741,498	$229.39	—	$232.81	$399.48M	$405.44M	+1.49%	4.86%	+7.2 bps	1
SWKS	3,948,502	$121.77	—	$99.49	$480.81M	$392.84M	-18.30%	4.83%	-88.4 bps	1
GOOG	3,948,765	$94.95	—	$116.96	$374.94M	$461.85M	+23.18%	4.71%	+109.2 bps	1
QRVO	2,728,901	$106.43	—	$93.02	$290.44M	$253.84M	-12.60%	3.32%	-41.8 bps	1
CBRE	3,134,136	$88.90	—	$74.16	$278.62M	$232.43M	-16.58%	3.24%	-53.8 bps	1
JLL	1,353,727	$181.03	—	$138.47	$245.07M	$187.45M	-23.51%	2.90%	-68.2 bps	1
AMAT	2,183,113	$118.44	—	$121.11	$258.57M	$264.4M	+2.25%	2.86%	+6.4 bps	1
CSGP	2,693,423	$76.78	—	$75.98	$206.8M	$204.65M	-1.04%	2.80%	-2.9 bps	1
HEI/A	1,399,966	$136.89	—	$141.02	$191.64M	$197.42M	+3.02%	2.25%	+6.8 bps	1
NICE	868,097	$219.09	—	$185.83	$190.19M	$161.32M	-15.18%	2.24%	-34.0 bps	1
ELV	313,598	$491.48	—	$452.55	$154.13M	$141.92M	-7.92%	2.16%	-17.1 bps	1
ARES	2,250,911	$83.93	—	$83.27	$188.92M	$187.43M	-0.79%	2.07%	-1.6 bps	1
LRCX	332,094	$516.21	—	$552.27	$171.43M	$183.41M	+6.99%	1.87%	+13.1 bps	1
BALL	2,404,041	$56.93	—	$56.57	$136.86M	$136M	-0.63%	1.65%	-1.0 bps	1
ABT	897,863	$107.26	—	$109.84	$96.3M	$98.62M	+2.41%	1.32%	+3.2 bps	1
CWK	7,581,137	$14.91	—	$7.70	$113.03M	$58.37M	-48.36%	1.27%	-61.4 bps	1
LFUS	400,345	$268.99	—	$261.02	$107.69M	$104.5M	-2.96%	1.18%	-3.5 bps	1
CIGI	580,542	$118.02	—	$91.84	$68.52M	$53.32M	-22.18%	0.72%	-15.9 bps	1
ABM	1,196,683	$48.73	—	$43.51	$58.31M	$52.07M	-10.71%	0.71%	-7.7 bps	1
ITRN	2,429,641	$21.91	—	$21.70	$53.23M	$52.72M	-0.96%	0.69%	-0.7 bps	1
PK	3,848,236	$14.56	—	$13.47	$56.03M	$51.84M	-7.49%	0.61%	-4.6 bps	1
VRTS	222,436	$216.85	—	$174.46	$48.24M	$38.81M	-19.55%	0.57%	-11.2 bps	1
ENS	486,784	$91.95	—	$84.35	$44.76M	$41.06M	-8.27%	0.48%	-4.0 bps	1
SMRT	13,467,254	$2.68	—	$3.55	$36.09M	$47.81M	+32.46%	0.44%	+14.3 bps	1
MEDP	153,342	$217.13	—	$210.88	$33.3M	$32.34M	-2.88%	0.44%	-1.3 bps	1
MLKN	1,226,649	$23.44	—	$16.27	$28.75M	$19.96M	-30.59%	0.35%	-10.6 bps	1
TKR	339,918	$86.04	—	$74.48	$29.25M	$25.32M	-13.44%	0.32%	-4.3 bps	1
SNBR	708,050	$34.11	—	$21.21	$24.15M	$15.02M	-37.82%	0.25%	-9.3 bps	1
PRG	1,072,777	$22.85	—	$32.06	$24.51M	$34.39M	+40.31%	0.24%	+9.8 bps	1
SPY	33,614	$412.64	—	$413.01	$13.87M	$13.88M	+0.09%	0.17%	+0.0 bps	1
IWM	29,752	$192.51	—	$174.83	$5.73M	$5.2M	-9.18%	0.07%	-0.6 bps	1
FWRD	—	—	—	—	—	—	—	0.32%	—	0
CRNC	—	—	—	—	—	—	—	0.21%	—	0
Top 5 (by entry value)(5)					$2.74B	$2.85B	+4.12%
Total(39)					$8.44B	$8.36B	-0.88%

2022-11-14 → 2023-02-14

35 of 37 priced96.73% coverage

+12.74%

Holdings from Q3 2022 disclosure · accession 0001556785-22-000038 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
AMZNTOP 5	5,304,241	$98.49	—	$99.70	$522.41M	$528.83M	+1.23%	7.01%	+8.6 bps	1
MSFTTOP 5	2,466,689	$241.55	—	$272.17	$595.83M	$671.36M	+12.68%	6.72%	+85.2 bps	1
TDGTOP 5	1,019,056	$616.14	—	$755.68	$627.88M	$770.08M	+22.65%	6.26%	+141.7 bps	1
MATOP 5	1,685,939	$339.37	—	$369.96	$572.16M	$623.73M	+9.01%	5.61%	+50.6 bps	1
KKRTOP 5	10,814,991	$53.62	—	$58.60	$579.9M	$633.76M	+9.29%	5.44%	+50.5 bps	1
CRM	3,200,901	$158.66	—	$169.96	$507.85M	$544.03M	+7.12%	5.39%	+38.4 bps	1
GE	7,161,998	$53.47	—	$66.67	$382.98M	$477.5M	+24.68%	5.19%	+128.0 bps	1
GOOG	4,354,730	$96.03	—	$94.95	$418.18M	$413.48M	-1.12%	4.90%	-5.5 bps	1
SWKS	4,650,429	$94.10	—	$121.77	$437.61M	$566.28M	+29.40%	4.64%	+136.4 bps	1
V	2,163,877	$206.86	—	$229.39	$447.62M	$496.37M	+10.89%	4.50%	+49.0 bps	1
CG	14,233,909	$28.90	—	$35.33	$411.36M	$502.88M	+22.25%	4.30%	+95.7 bps	1
AMAT	3,844,676	$107.61	—	$118.44	$413.73M	$455.36M	+10.06%	3.69%	+37.1 bps	1
QRVO	3,440,450	$94.41	—	$106.43	$324.81M	$366.17M	+12.73%	3.20%	+40.7 bps	1
CBRE	3,815,879	$75.22	—	$88.90	$287.03M	$339.23M	+18.19%	3.01%	+54.8 bps	1
HEI/A	2,230,008	$123.46	—	$136.89	$275.32M	$305.27M	+10.88%	2.99%	+32.5 bps	1
CSGP	3,588,199	$82.21	—	$76.78	$294.99M	$275.5M	-6.61%	2.92%	-19.3 bps	1
META	1,711,315	$114.22	—	$179.48	$195.47M	$307.15M	+57.14%	2.72%	+155.2 bps	1
JLL	1,454,632	$159.86	—	$181.03	$232.54M	$263.33M	+13.24%	2.57%	+34.0 bps	1
LRCX	586,498	$480.70	—	$516.21	$281.93M	$302.76M	+7.39%	2.51%	+18.6 bps	1
ELV	391,053	$490.80	—	$491.48	$191.93M	$192.19M	+0.14%	2.08%	+0.3 bps	1
ARES	2,430,825	$79.53	—	$83.93	$193.32M	$204.02M	+5.53%	1.76%	+9.7 bps	1
CWK	10,457,810	$11.39	—	$14.91	$119.11M	$155.93M	+30.90%	1.40%	+43.3 bps	1
LFUS	471,233	$236.69	—	$268.99	$111.54M	$126.76M	+13.65%	1.10%	+14.9 bps	1
ITRN	3,152,144	$23.00	—	$21.91	$72.5M	$69.06M	-4.74%	0.86%	-4.1 bps	1
CIGI	710,721	$95.31	—	$118.02	$67.74M	$83.88M	+23.83%	0.76%	+18.2 bps	1
MEDP	401,203	$221.13	—	$217.13	$88.72M	$87.11M	-1.81%	0.74%	-1.3 bps	1
PK	5,504,828	$12.33	—	$14.56	$67.87M	$80.15M	+18.09%	0.73%	+13.1 bps	1
ENS	1,007,431	$77.71	—	$91.95	$78.29M	$92.63M	+18.32%	0.69%	+12.6 bps	1
VRTS	347,334	$189.15	—	$216.85	$65.7M	$75.32M	+14.64%	0.65%	+9.5 bps	1
ABM	1,319,538	$44.15	—	$48.73	$58.26M	$64.3M	+10.37%	0.59%	+6.1 bps	1
SMRT	16,686,231	$2.88	—	$2.68	$48.06M	$44.72M	-6.94%	0.44%	-3.1 bps	1
TKR	610,375	$73.84	—	$86.04	$45.07M	$52.52M	+16.52%	0.42%	+7.0 bps	1
SNBR	954,439	$32.75	—	$34.11	$31.26M	$32.56M	+4.15%	0.38%	+1.6 bps	1
MLKN	1,738,267	$23.35	—	$23.44	$40.59M	$40.74M	+0.39%	0.32%	+0.1 bps	1
PRG	1,483,391	$18.47	—	$22.85	$27.4M	$33.9M	+23.71%	0.26%	+6.2 bps	1
SPLK	—	—	—	—	—	—	—	3.04%	—	0
CRNC	—	—	—	—	—	—	—	0.24%	—	0
Top 5 (by entry value)(5)					$2.9B	$3.23B	+11.37%
Total(35)					$9.12B	$10.28B	+12.74%

2022-08-15 → 2022-11-14

36 of 39 priced95.17% coverage

-13.85%

Holdings from Q2 2022 disclosure · accession 0001556785-22-000034 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
MATOP 5	2,466,649	$359.95	—	$339.37	$887.87M	$837.11M	-5.72%	7.61%	-43.5 bps	1
AMZNTOP 5	6,524,247	$143.18	—	$98.49	$934.14M	$642.57M	-31.21%	6.78%	-211.5 bps	1
TDGTOP 5	1,230,172	$677.01	—	$616.14	$832.84M	$757.96M	-8.99%	6.46%	-58.1 bps	1
KKRTOP 5	11,814,588	$57.52	—	$53.62	$679.58M	$633.5M	-6.78%	5.35%	-36.3 bps	1
CRMTOP 5	3,312,336	$191.06	—	$158.66	$632.85M	$525.54M	-16.96%	5.35%	-90.7 bps	1
MSFT	1,895,654	$293.47	—	$241.55	$556.32M	$457.9M	-17.69%	4.76%	-84.2 bps	1
V	2,435,875	$216.42	—	$206.86	$527.17M	$503.89M	-4.42%	4.69%	-20.7 bps	1
GOOG	215,544	$2457.60	—	$1920.60	$529.72M	$413.97M	-21.85%	4.61%	-100.8 bps	1
CG	14,819,027	$35.62	—	$28.90	$527.85M	$428.27M	-18.87%	4.59%	-86.6 bps	1
GE	7,357,452	$49.72	—	$53.47	$365.83M	$393.43M	+7.54%	4.58%	+34.6 bps	1
QRVO	4,721,609	$108.92	—	$94.41	$514.28M	$445.77M	-13.32%	4.36%	-58.0 bps	1
SWKS	4,637,994	$112.55	—	$94.10	$522.01M	$436.44M	-16.39%	4.20%	-68.9 bps	1
AMAT	4,080,380	$109.78	—	$107.61	$447.94M	$439.09M	-1.98%	3.63%	-7.2 bps	1
HEI/A	2,980,825	$131.92	—	$123.46	$393.23M	$368.01M	-6.41%	3.07%	-19.7 bps	1
CSGP	5,019,843	$75.39	—	$82.21	$378.45M	$412.68M	+9.05%	2.97%	+26.8 bps	1
META	1,818,182	$180.89	—	$114.22	$328.89M	$207.67M	-36.86%	2.87%	-105.7 bps	1
LRCX	678,185	$517.29	—	$480.70	$350.82M	$326M	-7.07%	2.83%	-20.0 bps	1
APP	7,588,801	$33.55	—	$15.36	$254.6M	$116.56M	-54.22%	2.56%	-138.6 bps	1
CBRE	2,612,123	$87.68	—	$75.22	$229.03M	$196.48M	-14.21%	1.88%	-26.7 bps	1
JLL	1,052,644	$186.70	—	$159.86	$196.53M	$168.28M	-14.38%	1.80%	-25.9 bps	1
CWK	10,465,542	$16.54	—	$11.39	$173.1M	$119.2M	-31.14%	1.56%	-48.6 bps	1
NVDA	912,476	$190.32	—	$162.95	$173.66M	$148.69M	-14.38%	1.35%	-19.5 bps	1
LFUS	355,011	$252.75	—	$236.69	$89.73M	$84.03M	-6.35%	0.88%	-5.6 bps	1
ITRN	3,201,896	$26.74	—	$23.00	$85.62M	$73.64M	-13.99%	0.77%	-10.7 bps	1
SMRT	16,740,465	$3.28	—	$2.88	$54.91M	$48.21M	-12.20%	0.74%	-9.0 bps	1
VRTS	373,428	$220.97	—	$189.15	$82.52M	$70.63M	-14.40%	0.62%	-9.0 bps	1
ENS	1,076,460	$72.03	—	$77.71	$77.54M	$83.65M	+7.89%	0.62%	+4.9 bps	1
MEDP	415,808	$182.49	—	$221.13	$75.88M	$91.95M	+21.17%	0.61%	+12.9 bps	1
ABM	1,387,047	$47.72	—	$44.15	$66.19M	$61.24M	-7.48%	0.59%	-4.4 bps	1
PK	3,798,411	$15.90	—	$12.33	$60.39M	$46.83M	-22.45%	0.50%	-11.3 bps	1
SNBR	1,562,656	$47.92	—	$32.75	$74.88M	$51.18M	-31.66%	0.47%	-15.0 bps	1
PRG	2,822,252	$20.58	—	$18.47	$58.08M	$52.13M	-10.25%	0.46%	-4.7 bps	1
CIGI	413,357	$130.25	—	$95.31	$53.84M	$39.4M	-26.83%	0.44%	-11.9 bps	1
MLKN	1,363,346	$32.70	—	$23.35	$44.58M	$31.83M	-28.59%	0.35%	-10.0 bps	1
PRCH	10,027,757	$3.04	—	$1.40	$30.48M	$14.04M	-53.95%	0.25%	-13.5 bps	1
IWD	13,164	$160.48	—	$154.39	$2.11M	$2.03M	-3.79%	0.02%	-0.1 bps	1
SPLK	—	—	—	—	—	—	—	3.12%	—	0
UPST	—	—	—	—	—	—	—	1.24%	—	0
CRNC	—	—	—	—	—	—	—	0.47%	—	0
Top 5 (by entry value)(5)					$3.97B	$3.4B	-14.38%
Total(36)					$11.29B	$9.73B	-13.85%

2022-05-16 → 2022-08-15

32 of 35 priced90.82% coverage

+10.66%

Holdings from Q1 2022 disclosure · accession 0001556785-22-000032 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
TDGTOP 5	2,024,890	$546.23	—	$677.01	$1.11B	$1.37B	+23.94%	8.10%	+193.8 bps	1
AMZNTOP 5	361,179	$2216.21	×20	$143.18	$800.45M	$1.03B	+29.21%	7.23%	+211.1 bps	1
MATOP 5	3,225,519	$329.73	—	$359.95	$1.06B	$1.16B	+9.17%	7.07%	+64.8 bps	1
CRM	3,815,394	$164.12	—	$191.06	$626.18M	$728.97M	+16.41%	4.97%	+81.6 bps	1
CG	16,121,237	$37.56	—	$35.62	$605.51M	$574.24M	-5.17%	4.84%	-25.0 bps	1
KKRTOP 5	13,285,497	$50.94	—	$57.52	$676.76M	$764.18M	+12.92%	4.77%	+61.6 bps	1
VTOP 5	3,373,017	$197.81	—	$216.42	$667.22M	$729.99M	+9.41%	4.59%	+43.2 bps	1
GOOG	249,902	$2295.85	×20	$122.88	$573.74M	$614.16M	+7.05%	4.28%	+30.2 bps	1
SWKS	5,176,990	$101.99	—	$112.55	$528M	$582.67M	+10.35%	4.23%	+43.8 bps	1
MSFT	2,201,508	$261.50	—	$293.47	$575.69M	$646.08M	+12.23%	4.17%	+50.9 bps	1
QRVO	5,429,719	$102.52	—	$108.92	$556.65M	$591.4M	+6.24%	4.14%	+25.8 bps	1
AMAT	4,755,011	$110.48	—	$109.78	$525.33M	$522.01M	-0.63%	3.85%	-2.4 bps	1
APP	10,488,722	$37.37	—	$33.55	$391.96M	$351.9M	-10.22%	3.54%	-36.2 bps	1
NVDA	2,094,230	$172.64	—	$190.32	$361.55M	$398.57M	+10.24%	3.51%	+35.9 bps	1
META	2,247,374	$200.04	—	$180.89	$449.56M	$406.53M	-9.57%	3.07%	-29.4 bps	1
HEI/A	3,881,273	$109.78	—	$131.92	$426.09M	$512.02M	+20.17%	3.02%	+60.9 bps	1
CSGP	6,926,459	$56.98	—	$75.39	$394.67M	$522.19M	+32.31%	2.83%	+91.5 bps	1
LRCX	857,239	$482.47	—	$517.29	$413.59M	$443.44M	+7.22%	2.83%	+20.4 bps	1
W	3,928,113	$50.81	—	$68.34	$199.59M	$268.45M	+34.50%	2.67%	+92.1 bps	1
CWK	10,884,814	$18.22	—	$16.54	$198.32M	$180.03M	-9.22%	1.37%	-12.6 bps	1
PK	4,726,749	$18.30	—	$15.90	$86.5M	$75.16M	-13.11%	0.57%	-7.4 bps	1
MEDP	561,643	$140.00	—	$182.49	$78.63M	$102.49M	+30.35%	0.56%	+17.1 bps	1
LFUS	362,255	$261.55	—	$252.75	$94.75M	$91.56M	-3.36%	0.55%	-1.9 bps	1
PRCH	12,871,645	$4.23	—	$3.04	$54.45M	$39.13M	-28.13%	0.55%	-15.4 bps	1
VRTS	368,251	$171.29	—	$220.97	$63.08M	$81.37M	+29.00%	0.54%	+15.7 bps	1
SMRT	15,903,987	$4.75	—	$3.28	$75.54M	$52.17M	-30.95%	0.49%	-15.3 bps	1
PRG	2,769,804	$26.39	—	$20.58	$73.1M	$57M	-22.02%	0.49%	-10.8 bps	1
ENS	1,068,441	$62.25	—	$72.03	$66.51M	$76.96M	+15.71%	0.49%	+7.7 bps	1
ITRN	3,246,397	$23.13	—	$26.74	$75.09M	$86.81M	+15.61%	0.46%	+7.2 bps	1
ABM	1,321,430	$45.19	—	$47.72	$59.72M	$63.06M	+5.60%	0.37%	+2.1 bps	1
CIGI	419,739	$112.11	—	$130.25	$47.06M	$54.67M	+16.18%	0.34%	+5.4 bps	1
MLKN	1,571,297	$28.53	—	$32.70	$44.83M	$51.38M	+14.62%	0.33%	+4.9 bps	1
UPST	—	—	—	—	—	—	—	4.85%	—	0
SPLK	—	—	—	—	—	—	—	3.75%	—	0
CRNC	—	—	—	—	—	—	—	0.58%	—	0
Top 5 (by entry value)(5)					$4.31B	$5.06B	+17.30%
Total(32)					$11.96B	$13.23B	+10.66%

2022-02-14 → 2022-05-16

34 of 37 priced92.70% coverage

-19.56%

Holdings from Q4 2021 disclosure · accession 0001556785-22-000008 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
MATOP 5	3,978,193	$374.16	—	$329.73	$1.49B	$1.31B	-11.87%	7.31%	-86.8 bps	1
TDGTOP 5	2,223,480	$630.74	—	$546.23	$1.4B	$1.21B	-13.40%	7.23%	-96.9 bps	1
AMZNTOP 5	390,541	$3103.34	—	$2216.21	$1.21B	$865.52M	-28.59%	6.66%	-190.3 bps	1
KKRTOP 5	13,600,344	$60.57	—	$50.94	$823.77M	$692.8M	-15.90%	5.18%	-82.4 bps	1
CRM	3,809,804	$206.40	—	$164.12	$786.34M	$625.27M	-20.48%	4.95%	-101.4 bps	1
VTOP 5	4,249,638	$225.34	—	$197.81	$957.61M	$840.62M	-12.22%	4.71%	-57.5 bps	1
APP	9,706,589	$70.96	—	$37.37	$688.78M	$362.74M	-47.34%	4.68%	-221.5 bps	1
CG	16,609,123	$46.77	—	$37.56	$776.81M	$623.84M	-19.69%	4.66%	-91.8 bps	1
QRVO	5,640,650	$129.31	—	$102.52	$729.39M	$578.28M	-20.72%	4.51%	-93.5 bps	1
SWKS	5,499,257	$134.73	—	$101.99	$740.91M	$560.87M	-24.30%	4.36%	-106.0 bps	1
AMAT	5,082,768	$131.86	—	$110.48	$670.21M	$561.54M	-16.21%	4.09%	-66.3 bps	1
MSFT	2,369,378	$295.00	—	$261.50	$698.97M	$619.59M	-11.36%	4.07%	-46.3 bps	1
GOOG	270,532	$2706.00	—	$2295.85	$732.06M	$621.1M	-15.16%	4.00%	-60.7 bps	1
META	2,319,916	$217.70	—	$200.04	$505.05M	$464.08M	-8.11%	3.99%	-32.4 bps	1
W	3,680,883	$142.21	—	$50.81	$523.46M	$187.03M	-64.27%	3.58%	-229.8 bps	1
LRCX	890,399	$558.25	—	$482.47	$497.07M	$429.59M	-13.57%	3.27%	-44.4 bps	1
NVDA	1,968,216	$242.67	—	$172.64	$477.63M	$339.79M	-28.86%	2.96%	-85.4 bps	1
CSGP	7,080,407	$65.99	—	$56.98	$467.24M	$403.44M	-13.65%	2.86%	-39.1 bps	1
HEI-A	4,287,667	$114.44	—	$109.78	$490.68M	$470.7M	-4.07%	2.82%	-11.5 bps	1
CWK	12,010,358	$21.50	—	$18.22	$258.22M	$218.83M	-15.26%	1.37%	-20.8 bps	1
VRTS	338,969	$253.38	—	$171.29	$85.89M	$58.06M	-32.40%	0.52%	-16.7 bps	1
PRCH	6,066,295	$8.56	—	$4.23	$51.93M	$25.66M	-50.58%	0.48%	-24.5 bps	1
PRG	2,063,667	$36.73	—	$26.39	$75.8M	$54.46M	-28.15%	0.48%	-13.4 bps	1
PK	4,880,421	$18.63	—	$18.30	$90.92M	$89.31M	-1.77%	0.47%	-0.8 bps	1
SMRT	9,052,926	$8.71	—	$4.75	$78.85M	$43M	-45.47%	0.45%	-20.4 bps	1
MLKN	2,163,099	$38.84	—	$28.53	$84.01M	$61.71M	-26.54%	0.43%	-11.5 bps	1
ITRN	3,138,609	$22.50	—	$23.13	$70.62M	$72.6M	+2.80%	0.43%	+1.2 bps	1
LFUS	265,648	$253.97	—	$261.55	$67.47M	$69.48M	+2.98%	0.43%	+1.3 bps	1
ENS	1,045,755	$71.06	—	$62.25	$74.31M	$65.1M	-12.40%	0.42%	-5.2 bps	1
ABM	1,618,356	$41.86	—	$45.19	$67.74M	$73.13M	+7.96%	0.34%	+2.7 bps	1
CIGI	422,069	$150.14	—	$112.11	$63.37M	$47.32M	-25.33%	0.32%	-8.1 bps	1
MEDP	232,620	$174.23	—	$140.00	$40.53M	$32.57M	-19.65%	0.26%	-5.1 bps	1
CW	290,357	$135.25	—	$137.55	$39.27M	$39.94M	+1.70%	0.21%	+0.4 bps	1
JLL	145,245	$244.66	—	$192.28	$35.54M	$27.93M	-21.41%	0.20%	-4.3 bps	1
UPST	—	—	—	—	—	—	—	3.75%	—	0
SPLK	—	—	—	—	—	—	—	2.74%	—	0
CRNC	—	—	—	—	—	—	—	0.82%	—	0
Top 5 (by entry value)(5)					$5.88B	$4.93B	-16.30%
Total(34)					$15.85B	$12.75B	-19.56%

2021-11-15 → 2022-02-14

37 of 40 priced91.92% coverage

-14.98%

Holdings from Q3 2021 disclosure · accession 0001556785-21-000031 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
MATOP 5	3,858,999	$361.36	—	$374.16	$1.39B	$1.44B	+3.54%	7.21%	+25.5 bps	1
TDGTOP 5	2,043,693	$653.74	—	$630.74	$1.34B	$1.29B	-3.52%	6.86%	-24.1 bps	1
AMZNTOP 5	381,653	$3545.68	—	$3103.34	$1.35B	$1.18B	-12.48%	6.74%	-84.1 bps	1
KKRTOP 5	18,603,128	$77.77	—	$60.57	$1.45B	$1.13B	-22.12%	6.09%	-134.6 bps	1
CRMTOP 5	3,971,610	$305.49	—	$206.40	$1.21B	$819.74M	-32.44%	5.79%	-187.8 bps	1
CG	17,162,398	$59.23	—	$46.77	$1.02B	$802.69M	-21.04%	4.36%	-91.7 bps	1
AMAT	6,067,153	$156.27	—	$131.86	$948.11M	$800.01M	-15.62%	4.20%	-65.6 bps	1
GOOG	290,375	$2987.76	—	$2706.00	$867.57M	$785.75M	-9.43%	4.16%	-39.2 bps	1
V	3,421,291	$212.30	—	$225.34	$726.34M	$770.95M	+6.14%	4.10%	+25.2 bps	1
MSFT	2,647,917	$336.07	—	$295.00	$889.89M	$781.14M	-12.22%	4.01%	-49.0 bps	1
QRVO	4,336,192	$158.91	—	$129.31	$689.06M	$560.71M	-18.63%	3.90%	-72.6 bps	1
W	2,813,084	$253.53	—	$142.21	$713.2M	$400.05M	-43.91%	3.86%	-169.6 bps	1
META	2,111,410	$347.56	—	$217.70	$733.84M	$459.65M	-37.36%	3.85%	-143.9 bps	1
SWKS	4,150,314	$163.21	—	$134.73	$677.37M	$559.17M	-17.45%	3.68%	-64.1 bps	1
NVDA	3,242,629	$300.25	—	$242.67	$973.6M	$786.89M	-19.18%	3.61%	-69.2 bps	1
CSGP	7,118,544	$83.81	—	$65.99	$596.61M	$469.75M	-21.26%	3.29%	-70.0 bps	1
HEI/A	4,417,609	$136.26	—	$114.44	$601.94M	$505.55M	-16.01%	2.81%	-45.0 bps	1
LRCX	896,631	$630.26	—	$558.25	$565.11M	$500.54M	-11.43%	2.74%	-31.3 bps	1
ELV	1,168,878	$434.39	—	$443.97	$507.75M	$518.95M	+2.21%	2.34%	+5.2 bps	1
SAP	2,018,211	$141.38	—	$118.35	$285.33M	$238.86M	-16.29%	1.47%	-23.9 bps	1
CWK	12,413,478	$18.56	—	$21.50	$230.39M	$266.89M	+15.84%	1.24%	+19.7 bps	1
SSNC	1,392,389	$78.84	—	$75.14	$109.78M	$104.62M	-4.69%	0.52%	-2.4 bps	1
VRTS	300,329	$330.92	—	$253.38	$99.38M	$76.1M	-23.43%	0.50%	-11.7 bps	1
CIGI	693,535	$145.87	—	$150.14	$101.17M	$104.13M	+2.93%	0.48%	+1.4 bps	1
SMRT	6,242,638	$10.99	—	$8.71	$68.61M	$54.37M	-20.75%	0.44%	-9.1 bps	1
PK	4,020,246	$19.81	—	$18.63	$79.64M	$74.9M	-5.96%	0.41%	-2.5 bps	1
ABM	1,699,988	$48.87	—	$41.86	$83.08M	$71.16M	-14.34%	0.41%	-5.9 bps	1
LFUS	273,100	$324.54	—	$253.97	$88.63M	$69.36M	-21.74%	0.40%	-8.7 bps	1
CW	514,962	$131.04	—	$135.25	$67.48M	$69.65M	+3.21%	0.35%	+1.1 bps	1
PRG	1,533,080	$47.33	—	$36.73	$72.56M	$56.31M	-22.40%	0.35%	-7.8 bps	1
MEDP	308,504	$218.81	—	$174.23	$67.5M	$53.75M	-20.37%	0.31%	-6.4 bps	1
ITRN	1,953,990	$27.65	—	$22.50	$54.03M	$43.96M	-18.63%	0.27%	-5.0 bps	1
JLL	199,326	$266.22	—	$244.66	$53.06M	$48.77M	-8.10%	0.27%	-2.2 bps	1
MLKN	1,309,028	$40.71	—	$38.84	$53.29M	$50.84M	-4.59%	0.26%	-1.2 bps	1
CSL	213,033	$239.75	—	$229.42	$51.07M	$48.87M	-4.31%	0.23%	-1.0 bps	1
AYI	240,052	$220.56	—	$183.11	$52.95M	$43.96M	-16.98%	0.22%	-3.8 bps	1
ENS	523,385	$82.59	—	$71.06	$43.23M	$37.19M	-13.96%	0.21%	-2.9 bps	1
UPST	—	—	—	—	—	—	—	7.23%	—	0
CRNC	—	—	—	—	—	—	—	0.82%	—	0
ESMT	—	—	—	—	—	—	—	0.03%	—	0
Top 5 (by entry value)(5)					$6.74B	$5.86B	-13.05%
Total(37)					$18.91B	$16.08B	-14.98%

2021-08-16 → 2021-11-15

36 of 38 priced97.94% coverage

+7.51%

Holdings from Q2 2021 disclosure · accession 0001556785-21-000029 — these holdings should be identical to the manager's portfolio view for that quarter.

Ticker	Entry shares	Entry $	Split	Exit $	Entry value	Exit value	Return	Weight	Contribution	Valid
MATOP 5	3,623,953	$363.56	—	$361.36	$1.32B	$1.31B	-0.61%	7.17%	-4.3 bps	1
KKRTOP 5	21,623,750	$65.40	—	$77.77	$1.41B	$1.68B	+18.91%	6.95%	+131.4 bps	1
TDGTOP 5	1,973,114	$603.84	—	$653.74	$1.19B	$1.29B	+8.26%	6.93%	+57.2 bps	1
AMZNTOP 5	365,757	$3298.99	—	$3545.68	$1.21B	$1.3B	+7.48%	6.82%	+51.0 bps	1
CRMTOP 5	4,078,796	$249.20	—	$305.49	$1.02B	$1.25B	+22.59%	5.40%	+122.0 bps	1
V	4,249,426	$235.36	—	$212.30	$1B	$902.15M	-9.80%	5.39%	-52.8 bps	1
NVDA	1,170,419	$798.00	—	$1201.00	$933.99M	$1.41B	+50.50%	5.08%	+256.4 bps	1
W	2,704,793	$299.78	—	$253.53	$810.84M	$685.75M	-15.43%	4.63%	-71.4 bps	1
CG	18,120,791	$49.26	—	$59.23	$892.63M	$1.07B	+20.24%	4.57%	+92.4 bps	1
QRVO	4,215,996	$187.57	—	$158.91	$790.79M	$669.96M	-15.28%	4.47%	-68.3 bps	1
GOOG	308,132	$2778.32	—	$2987.76	$856.09M	$920.62M	+7.54%	4.19%	+31.6 bps	1
META	2,183,243	$366.56	—	$347.56	$800.29M	$758.81M	-5.18%	4.12%	-21.3 bps	1
MSFT	2,751,983	$294.60	—	$336.07	$810.73M	$924.86M	+14.08%	4.04%	+56.9 bps	1
SWKS	3,817,307	$181.67	—	$163.21	$693.49M	$623.02M	-10.16%	3.97%	-40.3 bps	1
SAP	4,331,564	$147.93	—	$141.38	$640.77M	$612.4M	-4.43%	3.31%	-14.7 bps	1
CSGP	7,108,452	$83.15	—	$83.81	$591.07M	$595.76M	+0.79%	3.19%	+2.5 bps	1
HEI/A	4,307,011	$117.77	—	$136.26	$507.24M	$586.87M	+15.70%	2.90%	+45.5 bps	1
ELV	1,180,580	$376.39	—	$434.39	$444.36M	$512.83M	+15.41%	2.44%	+37.7 bps	1
AMAT	3,071,614	$131.69	—	$156.27	$404.5M	$480M	+18.66%	2.37%	+44.3 bps	1
SSNC	5,808,059	$76.40	—	$78.84	$443.74M	$457.91M	+3.19%	2.27%	+7.2 bps	1
GE	27,295,289	$8.05	—	$8.31	$219.69M	$226.75M	+3.21%	1.99%	+6.4 bps	1
CWK	11,819,175	$17.80	—	$18.56	$210.38M	$219.36M	+4.27%	1.12%	+4.8 bps	1
JLL	800,264	$244.58	—	$266.22	$195.73M	$213.05M	+8.85%	0.85%	+7.5 bps	1
VRTS	295,579	$312.88	—	$330.92	$92.48M	$97.81M	+5.77%	0.45%	+2.6 bps	1
CIGI	695,158	$133.23	—	$145.87	$92.62M	$101.4M	+9.49%	0.42%	+4.0 bps	1
ABM	1,424,564	$47.19	—	$48.87	$67.23M	$69.62M	+3.56%	0.34%	+1.2 bps	1
PRG	1,249,816	$44.76	—	$47.33	$55.94M	$59.15M	+5.74%	0.33%	+1.9 bps	1
MLKN	1,166,890	$42.47	—	$40.71	$49.56M	$47.5M	-4.14%	0.30%	-1.2 bps	1
ITRN	1,915,365	$24.48	—	$27.65	$46.89M	$52.96M	+12.95%	0.28%	+3.7 bps	1
CW	429,485	$120.48	—	$131.04	$51.74M	$56.28M	+8.76%	0.28%	+2.4 bps	1
CSL	262,581	$209.02	—	$239.75	$54.88M	$62.95M	+14.70%	0.27%	+4.0 bps	1
AYI	241,965	$183.18	—	$220.56	$44.32M	$53.37M	+20.41%	0.25%	+5.0 bps	1
LFUS	176,584	$279.26	—	$324.54	$49.31M	$57.31M	+16.21%	0.24%	+4.0 bps	1
ENS	453,525	$91.81	—	$82.59	$41.64M	$37.46M	-10.04%	0.24%	-2.4 bps	1
MEDP	225,176	$184.75	—	$218.81	$41.6M	$49.27M	+18.44%	0.22%	+4.0 bps	1
PK	1,455,832	$17.97	—	$19.81	$26.16M	$28.84M	+10.24%	0.16%	+1.7 bps	1
UPST	—	—	—	—	—	—	—	1.03%	—	0
CRNC	—	—	—	—	—	—	—	1.03%	—	0
Top 5 (by entry value)(5)					$6.15B	$6.82B	+11.03%
Total(36)					$18.11B	$19.47B	+7.51%