| Space Exploration Technologies Corp. (SPCX) | $21.5B | 61.91% | 126,042,232 | +126,042,232 | New position |
| Maplebear Inc. (CART) | $1.1B | 3.07% | 22,564,435 | +6,180 | Held |
| James Hardie Industries Plc - US ADR (JHX) | $721.1M | 2.07% | 27,545,516 | -754,767 | Trimmed |
| Nu Holdings Ltd. (NU) | $593.4M | 1.71% | 44,418,543 | +18,527,842 | Added |
| Johnson Controls International plc (JCI) | $548.2M | 1.58% | 3,751,887 | +2,527,832 | Added |
| MercadoLibre, Inc. (MELI) | $471.0M | 1.35% | 277,475 | -96,200 | Trimmed |
| US Foods Holding Corp. (USFD) | $460.3M | 1.32% | 4,501,964 | +218,490 | Added |
| Danaher Corp. (DHR) | $434.7M | 1.25% | 2,282,039 | -22,109 | Trimmed |
| Sherwin Williams Co. (SHW) | $431.3M | 1.24% | 1,252,471 | +778,718 | Added |
| Reddit, Inc. (RDDT) | $427.8M | 1.23% | 2,464,411 | +5,260 | Added |
| Thermo Fisher Scientific Inc. (TMO) | $409.7M | 1.18% | 817,123 | +92,118 | Added |
| Kilroy Realty Corp. (KRC) | $393.4M | 1.13% | 10,498,120 | -776,957 | Trimmed |
| Clean Harbors Inc. (CLH) | $393.0M | 1.13% | 1,315,501 | -22,780 | Trimmed |
| Somnigroup International Inc. (SGI) | $390.1M | 1.12% | 4,975,364 | +286,941 | Added |
| Flowserve Corp. (FLS) | $368.5M | 1.06% | 4,968,713 | -905,728 | Trimmed |
| AppLovin Corp. (APP) | $344.8M | 0.99% | 669,282 | 0 | Held |
| Meta Platforms, Inc. (META) | $319.1M | 0.92% | 566,500 | +566,500 | New position |
| Ferguson Enterprises Inc. (FERG) | $304.3M | 0.88% | 1,282,038 | +932,691 | Added |
| Walt Disney Co. (DIS) | $276.7M | 0.80% | 2,874,400 | +519,300 | Added |
| Alphabet Inc. (GOOGL) | $263.8M | 0.76% | 738,300 | +269,400 | Added |
| Spotify Technology S.A. (SPOT) | $261.2M | 0.75% | 568,855 | +228,361 | Added |
| Carvana Co. (CVNA) | $248.8M | 0.71% | 3,779,517 | +437,357 | Added |
| DoorDash, Inc. (DASH) | $240.6M | 0.69% | 1,303,705 | -133,795 | Trimmed |
| Intuitive Surgical Inc. (ISRG) | $228.3M | 0.66% | 574,200 | +574,200 | New position |
| Charles Schwab Corp. (SCHW) | $227.6M | 0.65% | 2,466,590 | +109,200 | Added |
| Capital One Financial Corp. (COF) | $219.4M | 0.63% | 1,093,438 | -23,300 | Trimmed |
| Lineage, Inc. (LINE) | $204.8M | 0.59% | 4,736,312 | -2,665,917 | Trimmed |
| Martin Marietta Materials Inc. (MLM) | $199.0M | 0.57% | 345,060 | +22,203 | Added |
| Compass, Inc. (COMP) | $187.7M | 0.54% | 15,224,831 | +15,224,831 | New position |
| Coupang, Inc. (CPNG) | $178.8M | 0.51% | 10,292,141 | -1,319,600 | Trimmed |
| Linde plc (LIN) | $177.2M | 0.51% | 341,538 | +341,538 | New position |
| Tesla, Inc. (TSLA) | $169.0M | 0.49% | 401,900 | +401,900 | New position |
| Lattice Semiconductor Corp. (LSCC) | $165.8M | 0.48% | 1,084,051 | +1,084,051 | New position |
| Sea Limited (SE) | $160.8M | 0.46% | 1,678,332 | -2,373,801 | Trimmed |
| Affirm Holdings, Inc. (AFRM) | $155.6M | 0.45% | 1,908,511 | -28,389 | Trimmed |
| Amazon.com Inc. (AMZN) | $149.7M | 0.43% | 628,082 | -1,179,441 | Trimmed |
| Builders FirstSource, Inc. (BLDR) | $146.7M | 0.42% | 1,639,222 | +1,639,222 | New position |
| Apollo Global Management, Inc. (APO) | $137.1M | 0.39% | 1,159,000 | 0 | Held |
| Qnity Electronics, Inc. (Q) | $136.2M | 0.39% | 833,996 | +833,996 | New position |
| Texas Instruments Inc. (TXN) | $120.9M | 0.35% | 405,474 | -1,347,527 | Trimmed |
| Monolithic Power Systems, Inc. (MPWR) | $117.6M | 0.34% | 85,103 | +85,103 | New position |
| Amrize Ltd. (AMRZ) | $116.6M | 0.34% | 2,187,487 | +2,187,487 | New position |
| Unity Software Inc. (U) | $102.1M | 0.29% | 3,572,473 | +312,490 | Added |
| Littelfuse Inc. (LFUS) | $102.1M | 0.29% | 224,164 | +224,164 | New position |
| Shopify Inc. (SHOP) | $94.9M | 0.27% | 830,891 | +830,891 | New position |
| CoreWeave, Inc. (CRWV) | $62.6M | 0.18% | 628,446 | +628,446 | New position |
| Snowflake Inc. (SNOW) | $55.0M | 0.16% | 216,019 | +216,019 | New position |
| Hyperliquid Strategies Inc. (PURR) | $49.9M | 0.14% | 6,342,600 | -1,657,400 | Trimmed |
| Madison Air Solutions Coclass A (MAIR) | $48.8M | 0.14% | 1,250,000 | +1,250,000 | New position |
| Analog Devices Inc. (ADI) | $40.5M | 0.12% | 102,040 | -190,404 | Trimmed |
| Cerebras Systems Inc. (CBRS) | $33.1M | 0.10% | 150,000 | +150,000 | New position |
| Alphabet Inc. (GOOG) | $30.0M | 0.09% | 85,000 | +85,000 | New position |
| Seagate Technology Holdings plc (STX) | $29.1M | 0.08% | 30,115 | +30,115 | New position |
| Quantinuum Inc. (QNT) | $24.5M | 0.07% | 300,000 | +300,000 | New position |
| DPC Holdings PLC (DPC) | $6.1M | 0.02% | 125,000 | +125,000 | New position |