Common Stocks - 94.6%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 0.1%
|
|||
Industrials - 0.0%
|
|||
Aerospace & Defense - 0.0%
|
|||
DroneShield Ltd (b)(i)
|
22,607,222
|
62,110,379
|
|
Commercial Services & Supplies - 0.0%
|
|||
Brambles Ltd
|
462,786
|
7,263,092
|
|
Clean TeQ Water Ltd (b)
|
1,191,319
|
298,583
|
|
7,561,675
|
|||
TOTAL INDUSTRIALS
|
69,672,054
|
||
Materials - 0.1%
|
|||
Metals & Mining - 0.1%
|
|||
Anglogold Ashanti Plc
|
753,590
|
73,369,523
|
|
TOTAL AUSTRALIA
|
143,041,577
|
||
BELGIUM - 0.2%
|
|||
Health Care - 0.2%
|
|||
Pharmaceuticals - 0.2%
|
|||
UCB SA
|
1,061,852
|
319,932,547
|
|
BRAZIL - 0.3%
|
|||
Energy - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
Petroleo Brasileiro SA - Petrobras ADR
|
1,140,954
|
23,674,796
|
|
Financials - 0.3%
|
|||
Banks - 0.3%
|
|||
Itau Unibanco Holding SA ADR
|
6,252,583
|
52,396,646
|
|
NU Holdings Ltd/Cayman Islands Class A (b)
|
18,811,465
|
270,320,752
|
|
322,717,398
|
|||
Capital Markets - 0.0%
|
|||
Banco BTG Pactual SA unit
|
1,165,113
|
12,661,411
|
|
TOTAL FINANCIALS
|
335,378,809
|
||
Materials - 0.0%
|
|||
Metals & Mining - 0.0%
|
|||
Wheaton Precious Metals Corp
|
350,369
|
45,990,496
|
|
TOTAL BRAZIL
|
405,044,101
|
||
BURKINA FASO - 0.0%
|
|||
Materials - 0.0%
|
|||
Metals & Mining - 0.0%
|
|||
IAMGOLD Corp (b)
|
1,613,442
|
30,341,200
|
|
CANADA - 2.5%
|
|||
Consumer Discretionary - 0.1%
|
|||
Broadline Retail - 0.1%
|
|||
Dollarama Inc
|
1,363,075
|
167,290,486
|
|
Specialty Retail - 0.0%
|
|||
Aritzia Inc Subordinate Voting Shares (b)
|
38,854
|
3,170,660
|
|
Textiles, Apparel & Luxury Goods - 0.0%
|
|||
Gildan Activewear Inc
|
701,266
|
39,053,323
|
|
TOTAL CONSUMER DISCRETIONARY
|
209,514,469
|
||
Energy - 0.5%
|
|||
Oil, Gas & Consumable Fuels - 0.5%
|
|||
Cameco Corp (United States)
|
353,935
|
38,440,880
|
|
Canadian Natural Resources Ltd (c)
|
2,590,337
|
126,360,627
|
|
Cenovus Energy Inc
|
1,196,485
|
31,754,889
|
|
Imperial Oil Ltd (c)
|
3,769,609
|
493,753,474
|
|
PrairieSky Royalty Ltd
|
164,147
|
3,799,535
|
|
Suncor Energy Inc
|
771,594
|
51,034,695
|
|
TOTAL ENERGY
|
745,144,100
|
||
Financials - 0.3%
|
|||
Banks - 0.2%
|
|||
Royal Bank of Canada
|
1,966,509
|
317,898,457
|
|
Toronto Dominion Bank
|
629,329
|
58,775,375
|
|
376,673,832
|
|||
Insurance - 0.1%
|
|||
Fairfax Financial Holdings Ltd Subordinate Voting Shares
|
52,541
|
89,525,543
|
|
Intact Financial Corp
|
444,154
|
80,484,753
|
|
170,010,296
|
|||
TOTAL FINANCIALS
|
546,684,128
|
||
Health Care - 0.0%
|
|||
Biotechnology - 0.0%
|
|||
Xenon Pharmaceuticals Inc (b)
|
483,388
|
28,109,012
|
|
Information Technology - 0.7%
|
|||
Electronic Equipment, Instruments & Components - 0.1%
|
|||
Celestica Inc (b)
|
431,764
|
121,797,735
|
|
IT Services - 0.6%
|
|||
Shopify Inc Class A (b)
|
7,346,268
|
871,666,304
|
|
Software - 0.0%
|
|||
Constellation Software Inc/Canada
|
33,696
|
59,151,244
|
|
TOTAL INFORMATION TECHNOLOGY
|
1,052,615,283
|
||
Materials - 0.9%
|
|||
Metals & Mining - 0.9%
|
|||
Agnico Eagle Mines Ltd/CA
|
1,334,428
|
270,866,533
|
|
Alamos Gold Inc Class A
|
1,635,772
|
72,775,450
|
|
Barrick Mining Corp (United States)
|
1,960,447
|
79,966,633
|
|
Franco-Nevada Corp
|
2,638,641
|
653,353,384
|
|
G Mining Ventures Corp (b)
|
1,396,218
|
48,999,614
|
|
High Power Exploration Inc (b)(d)(e)
|
14,027,051
|
17,814,355
|
|
Lundin Gold Inc
|
1,903,634
|
145,478,636
|
|
Novagold Resources Inc (b)
|
1,478,809
|
13,320,018
|
|
Orla Mining Ltd
|
3,385,606
|
54,443,251
|
|
TOTAL MATERIALS
|
1,357,017,874
|
||
TOTAL CANADA
|
3,939,084,866
|
||
CHILE - 0.0%
|
|||
Materials - 0.0%
|
|||
Metals & Mining - 0.0%
|
|||
Lundin Mining Corp
|
518,912
|
12,940,161
|
|
CHINA - 0.8%
|
|||
Communication Services - 0.6%
|
|||
Interactive Media & Services - 0.6%
|
|||
Tencent Holdings Ltd
|
15,636,911
|
986,257,210
|
|
Consumer Discretionary - 0.2%
|
|||
Automobiles - 0.2%
|
|||
BYD Co Ltd H Shares
|
18,540,817
|
253,477,767
|
|
Industrials - 0.0%
|
|||
Electrical Equipment - 0.0%
|
|||
Contemporary Amperex Technology Co Ltd A Shares (China)
|
591,851
|
35,064,190
|
|
TOTAL CHINA
|
1,274,799,167
|
||
CONGO DEMOCRATIC REPUBLIC OF - 0.1%
|
|||
Materials - 0.1%
|
|||
Metals & Mining - 0.1%
|
|||
Ivanhoe Mines Ltd Class A (b)
|
19,169,800
|
163,847,978
|
|
DENMARK - 0.0%
|
|||
Health Care - 0.0%
|
|||
Life Sciences Tools & Services - 0.0%
|
|||
Chemometec A/S
|
530,008
|
25,283,363
|
|
FINLAND - 0.3%
|
|||
Consumer Discretionary - 0.1%
|
|||
Textiles, Apparel & Luxury Goods - 0.1%
|
|||
Amer Sports Inc (b)
|
3,850,063
|
126,744,073
|
|
Information Technology - 0.2%
|
|||
Communications Equipment - 0.2%
|
|||
Nokia Oyj
|
38,141,500
|
305,971,959
|
|
TOTAL FINLAND
|
432,716,032
|
||
FRANCE - 0.2%
|
|||
Consumer Discretionary - 0.2%
|
|||
Textiles, Apparel & Luxury Goods - 0.2%
|
|||
Kering SA
|
652,838
|
198,243,114
|
|
Health Care - 0.0%
|
|||
Health Care Equipment & Supplies - 0.0%
|
|||
EssilorLuxottica SA
|
193,248
|
45,031,636
|
|
Industrials - 0.0%
|
|||
Aerospace & Defense - 0.0%
|
|||
Dassault Aviation SA
|
55,212
|
20,550,055
|
|
TOTAL FRANCE
|
263,824,805
|
||
GERMANY - 0.1%
|
|||
Financials - 0.0%
|
|||
Insurance - 0.0%
|
|||
Allianz SE
|
15,210
|
6,423,466
|
|
Health Care - 0.1%
|
|||
Biotechnology - 0.1%
|
|||
BioNTech SE ADR (b)
|
2,055,853
|
182,724,215
|
|
Industrials - 0.0%
|
|||
Electrical Equipment - 0.0%
|
|||
Siemens Energy AG
|
128,310
|
22,127,005
|
|
TOTAL GERMANY
|
211,274,686
|
||
GRAND CAYMAN (UK OVERSEAS TER) - 0.1%
|
|||
Financials - 0.1%
|
|||
Capital Markets - 0.1%
|
|||
Bullish (c)
|
4,134,436
|
147,723,398
|
|
ISRAEL - 0.1%
|
|||
Financials - 0.0%
|
|||
Financial Services - 0.0%
|
|||
Rapyd Financial Network 2016 Ltd (b)(d)(e)
|
340,545
|
11,738,586
|
|
Rapyd Financial Network 2016 Ltd warrants 3/5/2038 (b)(d)(e)
|
7,115
|
47,742
|
|
TOTAL FINANCIALS
|
11,786,328
|
||
Health Care - 0.1%
|
|||
Pharmaceuticals - 0.1%
|
|||
Teva Pharmaceutical Industries Ltd ADR (b)
|
5,442,070
|
163,915,148
|
|
TOTAL ISRAEL
|
175,701,476
|
||
ITALY - 0.0%
|
|||
Industrials - 0.0%
|
|||
Passenger Airlines - 0.0%
|
|||
Ryanair Holdings PLC ADR
|
951,819
|
55,015,138
|
|
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Bending Spoons SpA Class C (d)(e)
|
212,730
|
14,443,225
|
|
TOTAL ITALY
|
69,458,363
|
||
JAPAN - 0.5%
|
|||
Consumer Discretionary - 0.1%
|
|||
Automobiles - 0.0%
|
|||
Toyota Motor Corp
|
313,825
|
6,523,589
|
|
Broadline Retail - 0.0%
|
|||
Pan Pacific International Holdings Corp
|
1,225,458
|
7,475,605
|
|
Specialty Retail - 0.0%
|
|||
Fast Retailing Co Ltd
|
140,251
|
55,414,070
|
|
Textiles, Apparel & Luxury Goods - 0.1%
|
|||
Asics Corp
|
2,567,115
|
69,017,184
|
|
TOTAL CONSUMER DISCRETIONARY
|
138,430,448
|
||
Financials - 0.0%
|
|||
Banks - 0.0%
|
|||
Sumitomo Mitsui Financial Group Inc
|
258,856
|
8,511,269
|
|
Health Care - 0.3%
|
|||
Health Care Equipment & Supplies - 0.3%
|
|||
Hoya Corp
|
2,116,334
|
366,888,580
|
|
Industrials - 0.1%
|
|||
Electrical Equipment - 0.0%
|
|||
Furukawa Electric Co Ltd
|
249,100
|
47,822,263
|
|
Industrial Conglomerates - 0.0%
|
|||
Hitachi Ltd
|
1,240,738
|
36,397,658
|
|
Machinery - 0.1%
|
|||
Mitsubishi Heavy Industries Ltd
|
3,043,316
|
83,620,159
|
|
Trading Companies & Distributors - 0.0%
|
|||
ITOCHU Corp
|
1,342,643
|
17,079,079
|
|
TOTAL INDUSTRIALS
|
184,919,159
|
||
Information Technology - 0.0%
|
|||
Semiconductors & Semiconductor Equipment - 0.0%
|
|||
Advantest Corp
|
284,224
|
39,224,808
|
|
TOTAL JAPAN
|
737,974,264
|
||
KOREA (SOUTH) - 0.6%
|
|||
Consumer Discretionary - 0.2%
|
|||
Automobiles - 0.1%
|
|||
Hyundai Motor Co
|
585,513
|
183,643,014
|
|
Kia Corp
|
94,890
|
9,538,410
|
|
193,181,424
|
|||
Broadline Retail - 0.1%
|
|||
Coupang Inc Class A (b)
|
5,781,352
|
109,151,925
|
|
TOTAL CONSUMER DISCRETIONARY
|
302,333,349
|
||
Information Technology - 0.4%
|
|||
Semiconductors & Semiconductor Equipment - 0.4%
|
|||
SK Hynix Inc
|
981,707
|
567,082,846
|
|
Technology Hardware, Storage & Peripherals - 0.0%
|
|||
Samsung Electronics Co Ltd
|
113,178
|
13,477,412
|
|
TOTAL INFORMATION TECHNOLOGY
|
580,560,258
|
||
TOTAL KOREA (SOUTH)
|
882,893,607
|
||
NETHERLANDS - 0.5%
|
|||
Communication Services - 0.0%
|
|||
Entertainment - 0.0%
|
|||
Universal Music Group NV
|
1,872,452
|
36,345,830
|
|
Health Care - 0.1%
|
|||
Biotechnology - 0.1%
|
|||
Argenx SE ADR (b)
|
196,730
|
143,662,083
|
|
Newamsterdam Pharma Co NV (b)
|
1,301,244
|
41,652,820
|
|
TOTAL HEALTH CARE
|
185,314,903
|
||
Information Technology - 0.4%
|
|||
Semiconductors & Semiconductor Equipment - 0.4%
|
|||
ASM International NV
|
276,262
|
209,393,557
|
|
ASML Holding NV depository receipt
|
169,027
|
223,255,932
|
|
BE Semiconductor Industries NV
|
568,941
|
121,863,671
|
|
TOTAL INFORMATION TECHNOLOGY
|
554,513,160
|
||
TOTAL NETHERLANDS
|
776,173,893
|
||
SPAIN - 0.0%
|
|||
Financials - 0.0%
|
|||
Banks - 0.0%
|
|||
Banco Santander SA
|
6,134,262
|
68,769,487
|
|
SWEDEN - 0.0%
|
|||
Industrials - 0.0%
|
|||
Building Products - 0.0%
|
|||
Assa Abloy AB B Shares
|
174,637
|
6,312,759
|
|
Information Technology - 0.0%
|
|||
Communications Equipment - 0.0%
|
|||
Telefonaktiebolaget LM Ericsson B Shares
|
697,879
|
7,955,985
|
|
TOTAL SWEDEN
|
14,268,744
|
||
SWITZERLAND - 0.0%
|
|||
Consumer Discretionary - 0.0%
|
|||
Textiles, Apparel & Luxury Goods - 0.0%
|
|||
On Holding AG Class A (b)
|
2,164,868
|
73,648,809
|
|
TAIWAN - 1.3%
|
|||
Information Technology - 1.3%
|
|||
Semiconductors & Semiconductor Equipment - 1.3%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd ADR
|
5,979,307
|
2,020,706,801
|
|
THAILAND - 0.0%
|
|||
Information Technology - 0.0%
|
|||
Electronic Equipment, Instruments & Components - 0.0%
|
|||
Fabrinet (b)
|
104,481
|
54,488,931
|
|
UNITED KINGDOM - 0.7%
|
|||
Consumer Discretionary - 0.0%
|
|||
Leisure Products - 0.0%
|
|||
Games Workshop Group PLC
|
17,307
|
4,091,320
|
|
Consumer Staples - 0.4%
|
|||
Tobacco - 0.4%
|
|||
British American Tobacco PLC
|
11,732,534
|
681,177,185
|
|
Energy - 0.1%
|
|||
Energy Equipment & Services - 0.1%
|
|||
TechnipFMC PLC
|
1,171,841
|
81,009,368
|
|
Financials - 0.1%
|
|||
Banks - 0.1%
|
|||
Starling Bank Ltd (d)(e)
|
26,724,113
|
72,158,954
|
|
Financial Services - 0.0%
|
|||
Revolut Group Holdings Ltd (b)(d)(e)
|
39,600
|
55,148,544
|
|
TOTAL FINANCIALS
|
127,307,498
|
||
Health Care - 0.0%
|
|||
Pharmaceuticals - 0.0%
|
|||
Astrazeneca PLC (United States)
|
221,889
|
43,760,949
|
|
Industrials - 0.1%
|
|||
Aerospace & Defense - 0.1%
|
|||
Rolls-Royce Holdings PLC
|
6,159,848
|
93,583,027
|
|
TOTAL UNITED KINGDOM
|
1,030,929,347
|
||
UNITED STATES - 86.2%
|
|||
Communication Services - 19.0%
|
|||
Entertainment - 2.3%
|
|||
Liberty Media Corp-Liberty Formula One Class C (b)
|
512,912
|
43,607,778
|
|
Live Nation Entertainment Inc (b)
|
3,119,614
|
475,772,331
|
|
Netflix Inc (b)
|
29,395,013
|
2,826,330,500
|
|
ROBLOX Corp Class A (b)
|
2,651,962
|
149,994,971
|
|
Warner Bros Discovery Inc (b)
|
2,177,354
|
59,790,141
|
|
3,555,495,721
|
|||
Interactive Media & Services - 16.7%
|
|||
Alphabet Inc Class A
|
21,351,091
|
6,139,719,728
|
|
Alphabet Inc Class C
|
13,254,870
|
3,802,292,008
|
|
Epic Games Inc (b)(d)(e)
|
123,700
|
55,323,588
|
|
Meta Platforms Inc Class A
|
28,374,859
|
16,234,108,080
|
|
Reddit Inc Class A (b)
|
668,168
|
89,968,821
|
|
Reddit Inc Class B (b)
|
404,030
|
54,402,640
|
|
26,375,814,865
|
|||
Media - 0.0%
|
|||
EchoStar Corp Class A (b)
|
155,554
|
18,210,707
|
|
Omnicom Group Inc (c)
|
601,164
|
45,273,661
|
|
63,484,368
|
|||
TOTAL COMMUNICATION SERVICES
|
29,994,794,954
|
||
Consumer Discretionary - 8.8%
|
|||
Automobiles - 0.1%
|
|||
General Motors Co
|
454,599
|
33,867,626
|
|
Rad Power Bikes Inc (b)(d)(e)
|
2,588,458
|
25
|
|
Rad Power Bikes Inc warrants 10/6/2033 (b)(d)(e)
|
2,698,575
|
27
|
|
Tesla Inc (b)
|
273,890
|
101,818,608
|
|
135,686,286
|
|||
Broadline Retail - 5.8%
|
|||
Amazon.com Inc (b)
|
43,389,820
|
9,036,797,811
|
|
eBay Inc
|
2,080,982
|
189,410,982
|
|
9,226,208,793
|
|||
Hotels, Restaurants & Leisure - 0.5%
|
|||
Airbnb Inc Class A (b)
|
1,251,909
|
158,091,069
|
|
Carnival Corp
|
1,759,176
|
45,527,475
|
|
Cava Group Inc (b)(c)
|
422,375
|
34,170,138
|
|
Dutch Bros Inc Class A (b)
|
1,186,031
|
60,084,330
|
|
Hilton Worldwide Holdings Inc
|
637,755
|
193,928,540
|
|
Starbucks Corp
|
1,073,197
|
96,147,719
|
|
Viking Holdings Ltd (b)
|
1,329,409
|
97,684,973
|
|
Wynn Resorts Ltd
|
59,616
|
6,054,005
|
|
Yum! Brands Inc
|
137,068
|
21,311,333
|
|
712,999,582
|
|||
Household Durables - 0.4%
|
|||
DR Horton Inc
|
2,915,722
|
400,095,373
|
|
PulteGroup Inc
|
24,736
|
2,909,201
|
|
SharkNinja Inc (b)
|
515,279
|
54,568,046
|
|
TopBuild Corp (b)
|
588,884
|
206,874,949
|
|
664,447,569
|
|||
Specialty Retail - 1.9%
|
|||
Boot Barn Holdings Inc (b)
|
5,757
|
842,594
|
|
Fanatics Inc Class A (b)(d)(e)
|
2,461,391
|
206,141,496
|
|
Floor & Decor Holdings Inc Class A (b)
|
3,519,189
|
178,774,801
|
|
Home Depot Inc/The
|
1,763,145
|
579,880,759
|
|
Lowe's Cos Inc
|
5,883,886
|
1,390,244,584
|
|
O'Reilly Automotive Inc (b)
|
853,451
|
78,782,062
|
|
TJX Cos Inc/The
|
2,433,120
|
388,569,264
|
|
Urban Outfitters Inc (b)
|
334,222
|
21,172,964
|
|
Williams-Sonoma Inc
|
1,030,320
|
187,858,246
|
|
3,032,266,770
|
|||
Textiles, Apparel & Luxury Goods - 0.1%
|
|||
Deckers Outdoor Corp (b)
|
71,500
|
7,156,435
|
|
Ralph Lauren Corp Class A
|
250,459
|
86,155,391
|
|
93,311,826
|
|||
TOTAL CONSUMER DISCRETIONARY
|
13,864,920,826
|
||
Consumer Staples - 3.1%
|
|||
Beverages - 0.7%
|
|||
Coca-Cola Co/The
|
13,338,775
|
1,014,413,839
|
|
PepsiCo Inc
|
279,197
|
43,356,502
|
|
1,057,770,341
|
|||
Consumer Staples Distribution & Retail - 1.2%
|
|||
Casey's General Stores Inc
|
191,354
|
139,278,922
|
|
Chobani Inc Class A (d)(e)(g)
|
12,812
|
55,274,299
|
|
Costco Wholesale Corp
|
751,552
|
748,868,959
|
|
Dollar General Corp
|
31,361
|
3,723,492
|
|
Dollar Tree Inc (b)
|
6,868,442
|
752,163,084
|
|
Maplebear Inc (b)
|
1,411,900
|
52,889,774
|
|
Walmart Inc
|
1,058,445
|
131,543,545
|
|
1,883,742,075
|
|||
Food Products - 0.2%
|
|||
Hershey Co/The
|
1,507,679
|
313,431,387
|
|
Smithfield Foods Inc
|
27,200
|
760,784
|
|
314,192,171
|
|||
Personal Care Products - 0.2%
|
|||
Estee Lauder Cos Inc/The Class A
|
4,882,030
|
350,383,293
|
|
Tobacco - 0.8%
|
|||
JUUL Labs Inc Class A (b)(d)(e)
|
27,008,111
|
51,315,410
|
|
Philip Morris International Inc
|
7,611,487
|
1,258,483,261
|
|
1,309,798,671
|
|||
TOTAL CONSUMER STAPLES
|
4,915,886,551
|
||
Energy - 2.7%
|
|||
Energy Equipment & Services - 0.2%
|
|||
SLB Ltd
|
7,759,687
|
398,770,315
|
|
Oil, Gas & Consumable Fuels - 2.5%
|
|||
Cheniere Energy Inc
|
210,176
|
59,639,541
|
|
Chevron Corp
|
1,274,015
|
263,593,704
|
|
ConocoPhillips
|
1,081,054
|
142,699,128
|
|
Exxon Mobil Corp
|
14,256,542
|
2,418,764,916
|
|
Marathon Petroleum Corp
|
600,127
|
146,539,011
|
|
Phillips 66
|
520,351
|
94,797,545
|
|
Shell PLC ADR
|
2,993,332
|
278,379,876
|
|
Valero Energy Corp
|
2,165,797
|
535,125,123
|
|
3,939,538,844
|
|||
TOTAL ENERGY
|
4,338,309,159
|
||
Financials - 12.4%
|
|||
Banks - 1.4%
|
|||
Bank of America Corp
|
1,346,608
|
65,647,140
|
|
Citigroup Inc
|
4,513,172
|
511,838,837
|
|
East West Bancorp Inc
|
14,587
|
1,557,308
|
|
JPMorgan Chase & Co
|
4,654,556
|
1,369,184,193
|
|
Wells Fargo & Co
|
3,838,199
|
305,559,022
|
|
2,253,786,500
|
|||
Capital Markets - 2.5%
|
|||
Bank of New York Mellon Corp/The
|
5,935,557
|
704,135,127
|
|
Cboe Global Markets Inc
|
938,981
|
263,919,390
|
|
Charles Schwab Corp/The
|
6,257,248
|
588,056,167
|
|
Coinbase Global Inc Class A (b)
|
43,916
|
7,668,173
|
|
Evercore Inc Class A
|
436,415
|
130,274,242
|
|
Goldman Sachs Group Inc/The
|
941,780
|
796,736,462
|
|
Interactive Brokers Group Inc Class A
|
766,277
|
51,394,198
|
|
Moody's Corp
|
430,771
|
187,923,849
|
|
Morgan Stanley
|
6,795,061
|
1,118,263,189
|
|
Robinhood Markets Inc Class A (b)
|
650,926
|
45,109,172
|
|
Tulco LLC (b)(d)(e)(g)
|
140,771
|
83,142,168
|
|
3,976,622,137
|
|||
Consumer Finance - 0.5%
|
|||
American Express Co
|
2,353,441
|
711,868,834
|
|
Capital One Financial Corp
|
443,233
|
80,858,996
|
|
Figure Technology Solutions Inc Class A
|
166,424
|
5,650,094
|
|
798,377,924
|
|||
Financial Services - 7.0%
|
|||
Berkshire Hathaway Inc Class A (b)
|
9,065
|
6,509,939,100
|
|
Berkshire Hathaway Inc Class B (b)
|
3,370,500
|
1,615,143,600
|
|
Mastercard Inc Class A
|
782,782
|
391,124,854
|
|
Rocket Cos Inc Class A (b)
|
10,417,742
|
148,452,824
|
|
Toast Inc Class A (b)
|
6,884,396
|
182,505,338
|
|
Visa Inc Class A
|
6,734,347
|
2,035,389,037
|
|
10,882,554,753
|
|||
Insurance - 1.0%
|
|||
Arthur J Gallagher & Co
|
2,978,860
|
645,161,499
|
|
Chubb Ltd
|
255,470
|
83,265,337
|
|
Progressive Corp/The
|
3,567,167
|
707,155,186
|
|
Travelers Companies Inc/The
|
653,963
|
190,747,928
|
|
1,626,329,950
|
|||
TOTAL FINANCIALS
|
19,537,671,264
|
||
Health Care - 7.7%
|
|||
Biotechnology - 2.8%
|
|||
AbbVie Inc
|
429,753
|
93,466,980
|
|
Alnylam Pharmaceuticals Inc (b)
|
1,202,994
|
398,034,625
|
|
Amgen Inc
|
40,226
|
14,153,518
|
|
Apogee Therapeutics Inc (b)
|
350,854
|
29,531,381
|
|
BeOne Medicines Ltd ADR (b)
|
735,295
|
218,360,556
|
|
Biogen Inc (b)
|
3,395,956
|
622,580,613
|
|
BioMarin Pharmaceutical Inc (b)
|
1,772,542
|
100,130,898
|
|
Caris Life Sciences Inc (b)
|
2,479,471
|
44,332,941
|
|
Centessa Pharmaceuticals PLC ADR (b)
|
1,321,353
|
52,484,141
|
|
Cytokinetics Inc (b)
|
110,392
|
7,275,937
|
|
Eikon Therapeutics Inc (b)(c)
|
1,275,800
|
13,497,964
|
|
Gilead Sciences Inc
|
10,363,723
|
1,444,392,075
|
|
Immunome Inc (b)
|
403,825
|
8,831,653
|
|
Immunovant Inc (b)
|
925,389
|
22,986,663
|
|
Insmed Inc (b)
|
908,349
|
148,533,228
|
|
Kiniksa Pharmaceuticals International Plc Class A (b)
|
191,290
|
9,210,614
|
|
Kymera Therapeutics Inc (b)
|
506,025
|
42,146,822
|
|
Madrigal Pharmaceuticals Inc (b)
|
19,230
|
10,066,328
|
|
Mirum Pharmaceuticals Inc (b)
|
44,937
|
4,151,279
|
|
Moderna Inc (b)
|
3,434,606
|
174,477,985
|
|
Natera Inc (b)
|
641,561
|
128,305,784
|
|
Nuvalent Inc Class A (b)
|
107,649
|
11,028,640
|
|
Praxis Precision Medicines Inc (b)
|
60,501
|
19,492,817
|
|
PTC Therapeutics Inc (b)
|
127,075
|
8,657,620
|
|
Regeneron Pharmaceuticals Inc
|
370,795
|
286,491,049
|
|
Roivant Sciences Ltd (b)
|
3,387,347
|
93,829,512
|
|
Summit Therapeutics Inc (b)
|
489,110
|
9,273,526
|
|
United Therapeutics Corp (b)
|
48,489
|
28,753,007
|
|
Vertex Pharmaceuticals Inc (b)
|
471,411
|
210,503,868
|
|
XOMA Royalty Corp (b)(c)(f)
|
794,459
|
24,922,179
|
|
4,279,904,203
|
|||
Health Care Equipment & Supplies - 0.8%
|
|||
Align Technology Inc (b)
|
1,560,698
|
267,550,458
|
|
Boston Scientific Corp (b)
|
7,937,121
|
498,054,343
|
|
Edwards Lifesciences Corp (b)
|
169,818
|
13,599,025
|
|
Glaukos Corp (b)
|
26,525
|
2,855,682
|
|
Globus Medical Inc Class A (b)
|
167,853
|
14,462,214
|
|
Insulet Corp (b)
|
90,088
|
18,904,066
|
|
Intuitive Surgical Inc (b)
|
553,955
|
255,367,715
|
|
Medline Inc Class A
|
5,700,453
|
253,670,159
|
|
ResMed Inc
|
27,398
|
6,150,303
|
|
Stryker Corp
|
18,998
|
6,242,553
|
|
1,336,856,518
|
|||
Health Care Providers & Services - 0.7%
|
|||
Cencora Inc
|
688,110
|
216,162,875
|
|
HCA Healthcare Inc
|
563,234
|
266,544,858
|
|
McKesson Corp
|
195,145
|
168,870,677
|
|
Tenet Healthcare Corp (b)
|
2,335,268
|
440,688,425
|
|
UnitedHealth Group Inc
|
31,862
|
8,621,539
|
|
1,100,888,374
|
|||
Life Sciences Tools & Services - 1.3%
|
|||
Bio-Techne Corp
|
2,091,317
|
109,292,226
|
|
Charles River Laboratories International Inc (b)
|
1,412,276
|
243,617,610
|
|
Danaher Corp
|
2,798,420
|
530,580,432
|
|
Thermo Fisher Scientific Inc
|
2,103,458
|
1,033,912,712
|
|
Veterinary Emergency Group (b)(d)(e)(g)
|
1,114,406
|
109,624,118
|
|
West Pharmaceutical Services Inc
|
247,091
|
61,930,888
|
|
2,088,957,986
|
|||
Pharmaceuticals - 2.1%
|
|||
Corcept Therapeutics Inc (b)
|
1,186,243
|
47,817,455
|
|
Eli Lilly & Co
|
3,145,605
|
2,893,233,111
|
|
GSK PLC
|
6,250,100
|
172,161,994
|
|
Jazz Pharmaceuticals PLC (b)
|
41,278
|
7,803,606
|
|
Johnson & Johnson
|
239,140
|
58,455,382
|
|
Merck & Co Inc
|
477,855
|
57,481,178
|
|
Roche Holding AG
|
85,393
|
34,079,564
|
|
Structure Therapeutics Inc ADR (b)
|
771,305
|
37,176,901
|
|
Zevra Therapeutics Inc (b)
|
1,932,652
|
18,012,317
|
|
3,326,221,508
|
|||
TOTAL HEALTH CARE
|
12,132,828,589
|
||
Industrials - 9.0%
|
|||
Aerospace & Defense - 4.2%
|
|||
Anduril Industries Inc Class B (d)(e)
|
17,292
|
1,102,192
|
|
Anduril Industries Inc Class C (d)(e)
|
8
|
509
|
|
ATI Inc (b)
|
269,570
|
39,211,652
|
|
Axon Enterprise Inc (b)
|
349,069
|
148,246,114
|
|
Beta Technologies Inc (h)
|
4,463,116
|
65,607,805
|
|
Beta Technologies Inc Class A (b)
|
913,305
|
13,425,584
|
|
Boeing Co (b)
|
4,937,330
|
982,676,790
|
|
Carpenter Technology Corp
|
781,674
|
308,096,807
|
|
Firefly Aerospace Inc (b)(c)
|
98,360
|
2,800,309
|
|
FTAI Aviation Ltd
|
26,419
|
6,472,655
|
|
GE Aerospace
|
6,098,533
|
1,730,580,709
|
|
General Dynamics Corp
|
250,666
|
86,033,585
|
|
Howmet Aerospace Inc
|
1,916,940
|
441,777,992
|
|
Karman Holdings Inc (b)
|
1,314,054
|
105,190,023
|
|
L3Harris Technologies Inc
|
41,271
|
14,244,686
|
|
Loar Holdings Inc (b)(c)
|
36,664
|
2,100,481
|
|
Northrop Grumman Corp
|
162,692
|
110,994,990
|
|
Relativity Space Inc (b)(d)(e)
|
43,289
|
45,886
|
|
Relativity Space Inc warrants 11/1/2030 (b)(d)(e)
|
1,398
|
1,411
|
|
Rocket Lab Corp
|
508,639
|
32,664,797
|
|
RTX Corp
|
183,905
|
35,475,275
|
|
Space Exploration Technologies Corp (b)(d)(e)
|
4,084,237
|
2,150,718,362
|
|
Space Exploration Technologies Corp Class C (b)(d)(e)
|
129,910
|
68,409,307
|
|
Woodward Inc
|
247,526
|
88,594,506
|
|
6,434,472,427
|
|||
Air Freight & Logistics - 0.0%
|
|||
FedEx Corp
|
114,291
|
40,708,169
|
|
Zipline International Inc (b)(d)(e)
|
515,816
|
29,019,808
|
|
69,727,977
|
|||
Building Products - 0.3%
|
|||
Simpson Manufacturing Co Inc
|
416,214
|
71,430,646
|
|
Trane Technologies PLC
|
989,794
|
412,486,752
|
|
483,917,398
|
|||
Commercial Services & Supplies - 0.3%
|
|||
Cintas Corp
|
44,500
|
7,526,730
|
|
Clean Harbors Inc (b)
|
1,140,660
|
327,061,442
|
|
GFL Environmental Inc Subordinate Voting Shares
|
3,540,257
|
147,682,491
|
|
482,270,663
|
|||
Construction & Engineering - 0.0%
|
|||
API Group Corp (b)
|
1,189,971
|
48,217,625
|
|
Comfort Systems USA Inc
|
17,105
|
23,587,624
|
|
71,805,249
|
|||
Electrical Equipment - 1.4%
|
|||
Eaton Corp PLC
|
193,323
|
69,145,837
|
|
Forgent Power Solutions Inc Class A (c)
|
1,172,249
|
34,311,728
|
|
GE Vernova Inc
|
2,315,932
|
2,021,577,044
|
|
Nextpower Inc Class A (b)
|
352,977
|
42,551,377
|
|
nVent Electric PLC
|
68,586
|
8,112,352
|
|
Vertiv Holdings Co Class A
|
223,326
|
55,961,029
|
|
2,231,659,367
|
|||
Ground Transportation - 0.4%
|
|||
Old Dominion Freight Line Inc
|
3,200,694
|
625,415,608
|
|
XPO Inc (b)
|
299,645
|
58,295,934
|
|
683,711,542
|
|||
Industrial Conglomerates - 0.3%
|
|||
3M Co
|
3,114,885
|
452,374,749
|
|
Machinery - 1.8%
|
|||
Caterpillar Inc
|
25,053
|
17,749,047
|
|
Deere & Co
|
1,865,645
|
1,050,917,829
|
|
Ingersoll Rand Inc
|
3,617,985
|
289,872,958
|
|
PACCAR Inc
|
1,762,423
|
203,559,857
|
|
Parker-Hannifin Corp
|
462,471
|
414,022,538
|
|
RBC Bearings Inc (b)
|
165,118
|
89,678,888
|
|
Symbotic Inc Class A (b)(c)
|
792,693
|
42,171,268
|
|
Westinghouse Air Brake Technologies Corp
|
2,462,492
|
615,401,376
|
|
2,723,373,761
|
|||
Passenger Airlines - 0.0%
|
|||
Delta Air Lines Inc
|
283,735
|
18,862,703
|
|
Professional Services - 0.0%
|
|||
CACI International Inc (b)
|
23,789
|
12,938,123
|
|
UL Solutions Inc Class A
|
493,980
|
42,339,026
|
|
55,277,149
|
|||
Trading Companies & Distributors - 0.3%
|
|||
Ferguson Enterprises Inc
|
2,012,470
|
469,428,752
|
|
QXO Inc (b)(c)
|
1,143,167
|
22,200,303
|
|
491,629,055
|
|||
TOTAL INDUSTRIALS
|
14,199,082,040
|
||
Information Technology - 22.2%
|
|||
Communications Equipment - 0.5%
|
|||
Arista Networks Inc (b)
|
6,476,779
|
795,218,926
|
|
Cisco Systems Inc
|
89,035
|
6,908,225
|
|
Lumentum Holdings Inc (b)
|
20,747
|
14,580,162
|
|
816,707,313
|
|||
Electronic Equipment, Instruments & Components - 2.3%
|
|||
Amphenol Corp Class A
|
25,884,860
|
3,270,552,061
|
|
Coherent Corp (b)
|
1,210,152
|
288,270,308
|
|
Corning Inc
|
480,696
|
65,360,235
|
|
Jabil Inc
|
198,601
|
52,754,384
|
|
Keysight Technologies Inc (b)
|
25,600
|
7,228,672
|
|
Sanmina Corp (b)
|
58,029
|
7,522,880
|
|
TD SYNNEX Corp
|
29,387
|
4,957,880
|
|
3,696,646,420
|
|||
IT Services - 0.3%
|
|||
Accenture PLC Class A
|
47,600
|
9,438,604
|
|
Asac II LP (b)(d)(e)
|
39,494,500
|
7,882,312
|
|
Cloudflare Inc Class A (b)
|
681,626
|
140,646,709
|
|
Snowflake Inc (b)
|
1,971,073
|
297,277,230
|
|
455,244,855
|
|||
Semiconductors & Semiconductor Equipment - 12.7%
|
|||
Advanced Micro Devices Inc (b)
|
603,112
|
122,691,074
|
|
Analog Devices Inc
|
530,888
|
168,896,708
|
|
Applied Materials Inc
|
169,179
|
57,823,690
|
|
ARM Holdings PLC ADR (b)
|
362,017
|
54,765,932
|
|
Astera Labs Inc (b)
|
552,481
|
60,551,918
|
|
Broadcom Inc
|
9,533,513
|
2,950,717,609
|
|
Intel Corp (b)
|
3,242,770
|
143,103,440
|
|
KLA Corp
|
532,684
|
784,329,248
|
|
Lam Research Corp
|
751,071
|
160,473,830
|
|
MACOM Technology Solutions Holdings Inc (b)
|
176,835
|
39,269,748
|
|
Marvell Technology Inc
|
557,498
|
55,220,177
|
|
Micron Technology Inc
|
846,145
|
285,861,627
|
|
Monolithic Power Systems Inc
|
145,919
|
159,540,539
|
|
NVIDIA Corp
|
85,242,150
|
14,866,230,961
|
|
SiTime Corp (b)
|
83,197
|
28,732,084
|
|
Teradyne Inc
|
22,837
|
6,770,257
|
|
19,944,978,842
|
|||
Software - 3.9%
|
|||
Applied Intuition Inc Class A (b)(d)(e)
|
156,998
|
14,873,991
|
|
Cadence Design Systems Inc (b)
|
266,471
|
74,044,297
|
|
Canva Inc Class A (b)(d)(e)
|
164,674
|
221,781,296
|
|
Carbon Inc (b)(d)(e)
|
998,199
|
1,137,947
|
|
Crowdstrike Holdings Inc Class A (b)
|
63,038
|
24,610,666
|
|
Figma Inc Class A (c)
|
6,588,955
|
139,290,509
|
|
Fortinet Inc (b)
|
163,363
|
13,350,024
|
|
Gusto Inc (b)(d)(e)
|
289,200
|
5,503,476
|
|
Microsoft Corp
|
12,668,301
|
4,689,424,981
|
|
OpenAI Group Pbc Class A (d)(e)
|
25,300
|
17,398,557
|
|
Palantir Technologies Inc Class A (b)
|
169,399
|
24,779,686
|
|
Palo Alto Networks Inc (b)
|
1,694,059
|
271,591,539
|
|
Samsara Inc Class A (b)
|
5,665,364
|
179,535,385
|
|
ServiceTitan Inc Class A (b)(c)
|
1,795,131
|
113,919,013
|
|
Stripe LLC Class B (b)(d)(e)
|
455,600
|
28,702,800
|
|
Synopsys Inc (b)
|
340,895
|
135,158,050
|
|
Tanium Inc Class B (b)(d)(e)
|
6,742,751
|
52,256,320
|
|
Via Transportation Inc Class A (b)
|
131,785
|
1,976,775
|
|
Zscaler Inc (b)
|
497
|
69,723
|
|
6,009,405,035
|
|||
Technology Hardware, Storage & Peripherals - 2.5%
|
|||
Apple Inc
|
14,546,100
|
3,691,654,719
|
|
Dell Technologies Inc Class C
|
522,925
|
85,827,680
|
|
GPGI Inc Class A
|
1,918,051
|
32,798,672
|
|
Seagate Technology Holdings PLC
|
69,196
|
27,108,225
|
|
Western Digital Corp
|
133,832
|
36,200,218
|
|
3,873,589,514
|
|||
TOTAL INFORMATION TECHNOLOGY
|
34,796,571,979
|
||
Materials - 0.8%
|
|||
Chemicals - 0.7%
|
|||
CF Industries Holdings Inc
|
125,828
|
16,337,508
|
|
Corteva Inc
|
5,481,603
|
458,864,987
|
|
Ecolab Inc
|
18,839
|
5,011,550
|
|
Sherwin-Williams Co/The
|
1,863,732
|
597,419,293
|
|
1,077,633,338
|
|||
Construction Materials - 0.0%
|
|||
CRH PLC
|
188,725
|
19,838,772
|
|
Martin Marietta Materials Inc
|
67,221
|
39,571,658
|
|
59,410,430
|
|||
Metals & Mining - 0.1%
|
|||
Illuminated Holdings Inc (b)(d)(e)
|
330,026
|
5,831,559
|
|
Ivanhoe Electric Inc / US (b)
|
4,006,914
|
47,361,724
|
|
Newmont Corp
|
120,604
|
13,055,383
|
|
Steel Dynamics Inc
|
225,414
|
40,574,520
|
|
106,823,186
|
|||
TOTAL MATERIALS
|
1,243,866,954
|
||
Real Estate - 0.1%
|
|||
Health Care REITs - 0.1%
|
|||
Welltower Inc
|
938,281
|
185,507,537
|
|
Industrial REITs - 0.0%
|
|||
Prologis Inc
|
55,376
|
7,319,599
|
|
Real Estate Management & Development - 0.0%
|
|||
Zillow Group Inc Class C (b)
|
749,532
|
31,015,634
|
|
TOTAL REAL ESTATE
|
223,842,770
|
||
Utilities - 0.4%
|
|||
Electric Utilities - 0.4%
|
|||
American Electric Power Co Inc
|
615,326
|
80,656,932
|
|
Constellation Energy Corp
|
1,292,949
|
361,056,008
|
|
Entergy Corp
|
315,844
|
35,488,232
|
|
NRG Energy Inc
|
980,204
|
143,247,013
|
|
620,448,185
|
|||
Independent Power and Renewable Electricity Producers - 0.0%
|
|||
Vistra Corp
|
567,235
|
85,272,437
|
|
TOTAL UTILITIES
|
705,720,622
|
||
TOTAL UNITED STATES
|
135,953,495,708
|
||
URUGUAY - 0.0%
|
|||
Financials - 0.0%
|
|||
Financial Services - 0.0%
|
|||
Dlocal Ltd/Uruguay Class A
|
550,700
|
7,142,578
|
|
|
TOTAL COMMON STOCKS
(Cost $60,602,247,574)
|
149,235,505,889
|
||
Convertible Corporate Bonds - 0.0%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
UNITED STATES - 0.0%
|
|||
Financials - 0.0%
|
|||
Financial Services - 0.0%
|
|||
Tenstorrent Holdings Inc 15% 12/31/2026 (d)(e)
|
3,432,400
|
3,417,298
|
|
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Asapp Inc 8% 3/13/2028 (d)(e)(j)
|
2,017,239
|
2,549,790
|
|
TOTAL UNITED STATES
|
5,967,088
|
||
|
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $5,449,639)
|
5,967,088
|
||
Convertible Preferred Stocks - 4.9%
|
|||
Shares
|
Value ($)
|
||
CANADA - 0.0%
|
|||
Materials - 0.0%
|
|||
Metals & Mining - 0.0%
|
|||
High Power Exploration Inc Series A (b)(d)(e)
|
14,154,085
|
29,865,119
|
|
CHINA - 0.1%
|
|||
Communication Services - 0.1%
|
|||
Interactive Media & Services - 0.1%
|
|||
Bytedance Ltd Series E1 (b)(d)(e)
|
653,587
|
176,912,929
|
|
FINLAND - 0.0%
|
|||
Health Care - 0.0%
|
|||
Health Care Technology - 0.0%
|
|||
Oura Health Oy Series E (d)(e)
|
1,123,976
|
66,359,543
|
|
ISRAEL - 0.0%
|
|||
Financials - 0.0%
|
|||
Financial Services - 0.0%
|
|||
Rapyd Financial Network 2016 Ltd Series F (b)(d)(e)
|
23,715
|
786,627
|
|
Industrials - 0.0%
|
|||
Electrical Equipment - 0.0%
|
|||
Element Labs Inc Series B (d)(e)
|
680,400
|
6,463,800
|
|
TOTAL ISRAEL
|
7,250,427
|
||
UNITED STATES - 4.8%
|
|||
Consumer Discretionary - 0.0%
|
|||
Automobiles - 0.0%
|
|||
Rad Power Bikes Inc Series A (b)(d)(e)
|
337,463
|
3
|
|
Rad Power Bikes Inc Series C (b)(d)(e)
|
1,327,879
|
13
|
|
Rad Power Bikes Inc Series D (b)(d)(e)
|
2,329,100
|
23
|
|
39
|
|||
Hotels, Restaurants & Leisure - 0.0%
|
|||
Discord Inc Series I (b)(d)(e)
|
155,000
|
3,453,400
|
|
TOTAL CONSUMER DISCRETIONARY
|
3,453,439
|
||
Consumer Staples - 0.0%
|
|||
Consumer Staples Distribution & Retail - 0.0%
|
|||
GoBrands Inc Series G (b)(d)(e)
|
55,517
|
1,889,799
|
|
GoBrands Inc Series H (b)(d)(e)
|
69,898
|
3,063,629
|
|
TOTAL CONSUMER STAPLES
|
4,953,428
|
||
Financials - 0.0%
|
|||
Financial Services - 0.0%
|
|||
Acrisure Holdings Inc Series B1 (b)(d)(e)
|
379,681
|
12,935,732
|
|
Tenstorrent Holdings Inc Series C1 (b)(d)(e)
|
387,402
|
23,530,797
|
|
TOTAL FINANCIALS
|
36,466,529
|
||
Health Care - 0.0%
|
|||
Biotechnology - 0.0%
|
|||
ElevateBio LLC Series C (b)(d)(e)
|
3,224,900
|
5,933,816
|
|
Intarcia Therapeutics Inc (b)(d)(e)
|
2,100,446
|
21
|
|
Kardigan Inc Series B (d)(e)
|
743,904
|
15,889,789
|
|
21,823,626
|
|||
Health Care Providers & Services - 0.0%
|
|||
Get Credit Healthy Inc Series B (b)(d)(e)
|
35,877,127
|
44,218
|
|
Lyra Health Inc Series E (b)(d)(e)
|
1,478,100
|
12,016,953
|
|
Lyra Health Inc Series F (b)(d)(e)
|
69,520
|
565,198
|
|
Somatus Inc Series E (b)(d)(e)
|
15,253
|
19,571,887
|
|
32,198,256
|
|||
TOTAL HEALTH CARE
|
54,021,882
|
||
Industrials - 3.9%
|
|||
Aerospace & Defense - 3.8%
|
|||
Anduril Industries Inc Series G (d)(e)
|
161,900
|
10,319,506
|
|
Space Exploration Technologies Corp Series G (b)(d)(e)
|
558,215
|
2,939,504,369
|
|
Space Exploration Technologies Corp Series H (b)(d)(e)
|
120,282
|
633,392,984
|
|
Space Exploration Technologies Corp Series N (b)(d)(e)
|
428,458
|
2,256,216,982
|
|
5,839,433,841
|
|||
Air Freight & Logistics - 0.1%
|
|||
Zipline International Inc Series E (b)(d)(e)
|
1,317,166
|
74,103,759
|
|
Zipline International Inc Series F (b)(d)(e)
|
682,143
|
38,377,365
|
|
Zipline International Inc Series G (b)(d)(e)
|
772,245
|
43,446,504
|
|
Zipline International Inc Series H (d)(e)
|
276,500
|
15,555,890
|
|
171,483,518
|
|||
TOTAL INDUSTRIALS
|
6,010,917,359
|
||
Information Technology - 0.9%
|
|||
Electronic Equipment, Instruments & Components - 0.2%
|
|||
Cerebras Systems Inc Series G (d)(e)
|
3,145,300
|
279,994,606
|
|
Software - 0.7%
|
|||
Anthropic PBC Series E (b)(d)(e)
|
204,700
|
53,045,958
|
|
Anthropic PBC Series F (d)(e)
|
602,500
|
156,131,850
|
|
Applied Intuition Inc Series A2 (b)(d)(e)
|
184,736
|
17,501,889
|
|
Applied Intuition Inc Series B2 (b)(d)(e)
|
89,079
|
8,439,344
|
|
Asapp Inc Series C (b)(d)(e)
|
1,300,504
|
1,469,570
|
|
Canva Inc Series A2 (b)(d)(e)
|
2,380
|
3,205,360
|
|
Canvas Inc Series A (b)(d)(e)
|
13,120
|
17,669,885
|
|
Databricks Inc Series L (d)(e)
|
550,400
|
90,871,040
|
|
Gusto Inc Series D (b)(d)(e)
|
2,436,137
|
46,359,687
|
|
Gusto Inc Series E (b)(d)(e)
|
167,099
|
3,179,894
|
|
MOLOCO Inc Series A (b)(d)(e)
|
419,608
|
29,607,540
|
|
Nuro Inc/DE Series C (b)(d)(e)
|
3,293,118
|
36,026,711
|
|
Nuro Inc/DE Series D (b)(d)(e)
|
643,113
|
8,141,810
|
|
Nuro Inc/DE Series E (b)(d)(e)
|
1,054,195
|
11,480,184
|
|
OpenAI Group Pbc Series A-2 (d)(e)
|
398,186
|
273,828,530
|
|
OpenAI Group Pbc Series A-3 (d)(e)
|
169,727
|
116,719,561
|
|
Physical Intelligence Inc Series B (d)(e)
|
15,300
|
4,145,229
|
|
Stripe LLC Series H (b)(d)(e)
|
190,300
|
11,988,900
|
|
Stripe LLC Series I (b)(d)(e)
|
2,114,059
|
133,185,717
|
|
1,022,998,659
|
|||
TOTAL INFORMATION TECHNOLOGY
|
1,302,993,265
|
||
Materials - 0.0%
|
|||
Metals & Mining - 0.0%
|
|||
Illuminated Holdings Inc Series E2 (d)(e)
|
731,459
|
12,924,881
|
|
TOTAL UNITED STATES
|
7,425,730,783
|
||
|
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $1,390,585,138)
|
7,706,118,801
|
||
Preferred Securities - 0.0%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
UNITED STATES - 0.0%
|
|||
Consumer Discretionary - 0.0%
|
|||
Automobiles - 0.0%
|
|||
Rad Power Bikes Inc 8% 12/31/2199 (d)(e)
|
2,698,575
|
628,767
|
|
Health Care - 0.0%
|
|||
Biotechnology - 0.0%
|
|||
Intarcia Therapeutics Inc 6% (d)(e)(k)(l)
|
9,273,235
|
0
|
|
TOTAL UNITED STATES
|
628,767
|
||
|
TOTAL PREFERRED SECURITIES
(Cost $11,971,810)
|
628,767
|
||
Money Market Funds - 0.8%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (m)
|
3.69
|
992,673,138
|
992,871,672
|
|
Fidelity Securities Lending Cash Central Fund (m)(n)
|
3.69
|
320,991,339
|
321,023,438
|
|
|
TOTAL MONEY MARKET FUNDS
(Cost $1,313,894,875)
|
1,313,895,110
|
|||
|
TOTAL INVESTMENT IN SECURITIES - 100.3%
(Cost $63,324,149,036)
|
158,262,115,655
|
NET OTHER ASSETS (LIABILITIES) - (0.3)%
|
(505,313,690)
|
NET ASSETS - 100.0%
|
157,756,801,965
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Non-income producing.
|
(c)
|
Security or a portion of the security is on loan at period end.
|
(d)
|
Level 3 security.
|
(e)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $10,994,278,627 or 7.0% of net assets.
|
(f)
|
Affiliated company.
|
(g)
|
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
|
(h)
|
Security is subject to lock-up or market standoff agreement. Fair value is based on the unadjusted market price of the equivalent equity security. At the end of the period, the total value of unadjusted equity securities subject to contractual sale restrictions is $65,607,805 with varying restriction expiration dates. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse.
|
(i)
|
Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $62,110,379 or 0.0% of net assets.
|
(j)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(k)
|
Security is perpetual in nature with no stated maturity date.
|
(l)
|
Non-income producing - Security is in default.
|
(m)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(n)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
Acrisure Holdings Inc Series B1
|
3/22/2021
|
6,917,788
|
Anduril Industries Inc Class B
|
6/16/2025
|
706,945
|
Anduril Industries Inc Class C
|
6/16/2025
|
327
|
Anduril Industries Inc Series G
|
4/17/2025
|
6,618,925
|
Anthropic PBC Series E
|
2/14/2025
|
11,480,907
|
Anthropic PBC Series F
|
8/18/2025
|
84,932,979
|
Applied Intuition Inc Class A
|
7/2/2024 - 6/16/2025
|
10,528,697
|
Applied Intuition Inc Series A2
|
7/2/2024
|
11,027,797
|
Applied Intuition Inc Series B2
|
7/2/2024
|
5,317,562
|
Asac II LP
|
10/10/2013
|
3,041,471
|
Asapp Inc 8% 3/13/2028
|
3/13/2026
|
2,017,239
|
Asapp Inc Series C
|
4/30/2021
|
8,579,555
|
Bending Spoons SpA Class C
|
10/9/2025
|
18,769,112
|
Bytedance Ltd Series E1
|
11/18/2020
|
71,616,260
|
Canva Inc Class A
|
3/18/2024 - 11/12/2025
|
219,863,272
|
Canva Inc Series A2
|
9/22/2023
|
2,538,653
|
Canvas Inc Series A
|
9/22/2023
|
13,994,594
|
Carbon Inc
|
12/15/2017 - 3/22/2019
|
23,664,120
|
Cerebras Systems Inc Series G
|
9/19/2025
|
113,961,768
|
Chobani Inc Class A
|
10/14/2025
|
57,071,401
|
Databricks Inc Series L
|
12/18/2025
|
104,576,000
|
Discord Inc Series I
|
9/15/2021
|
8,534,678
|
Element Labs Inc Series B
|
6/27/2025
|
5,973,164
|
ElevateBio LLC Series C
|
3/9/2021
|
13,528,456
|
Epic Games Inc
|
7/13/2020 - 7/30/2020
|
71,127,500
|
Fanatics Inc Class A
|
8/13/2020 - 12/15/2021
|
82,369,063
|
Get Credit Healthy Inc Series B
|
8/17/2023
|
44,219
|
GoBrands Inc Series G
|
3/2/2021
|
13,863,555
|
GoBrands Inc Series H
|
7/22/2021
|
27,154,715
|
Gusto Inc
|
10/1/2021
|
8,325,588
|
Gusto Inc Series D
|
7/16/2019
|
32,430,830
|
Gusto Inc Series E
|
7/13/2021
|
5,079,029
|
High Power Exploration Inc
|
6/3/2024
|
18,515,707
|
High Power Exploration Inc Series A
|
11/15/2019 - 3/4/2021
|
74,592,028
|
Illuminated Holdings Inc
|
1/9/2026
|
4,925,212
|
Illuminated Holdings Inc Series E2
|
1/9/2026
|
10,916,080
|
Intarcia Therapeutics Inc
|
11/14/2012
|
28,629,079
|
Intarcia Therapeutics Inc 6%
|
1/3/2020
|
9,273,235
|
JUUL Labs Inc Class A
|
11/4/2025
|
51,260,584
|
Kardigan Inc Series B
|
10/9/2025
|
15,893,568
|
Lyra Health Inc Series E
|
1/14/2021
|
13,534,370
|
Lyra Health Inc Series F
|
6/4/2021
|
1,091,770
|
MOLOCO Inc Series A
|
6/26/2023
|
25,176,480
|
Nuro Inc/DE Series C
|
10/30/2020
|
42,990,338
|
Nuro Inc/DE Series D
|
10/29/2021
|
13,406,154
|
Nuro Inc/DE Series E
|
4/1/2025
|
13,486,833
|
OpenAI Group Pbc Class A
|
9/3/2025
|
10,879,000
|
OpenAI Group Pbc Series A-2
|
9/30/2024
|
74,801,716
|
OpenAI Group Pbc Series A-3
|
4/11/2025
|
52,082,818
|
Oura Health Oy Series E
|
9/24/2025
|
60,211,394
|
Physical Intelligence Inc Series B
|
10/24/2025
|
4,154,857
|
Rad Power Bikes Inc
|
1/21/2021
|
12,486,307
|
Rad Power Bikes Inc 8% 12/31/2199
|
10/6/2023
|
2,698,575
|
Rad Power Bikes Inc Series A
|
1/21/2021
|
1,627,867
|
Rad Power Bikes Inc Series C
|
1/21/2021
|
6,405,476
|
Rad Power Bikes Inc Series D
|
9/17/2021
|
22,321,629
|
Rad Power Bikes Inc warrants 10/6/2033
|
10/6/2023
|
2
|
Rapyd Financial Network 2016 Ltd
|
3/30/2021
|
24,999,987
|
Rapyd Financial Network 2016 Ltd Series F
|
3/6/2025
|
1,038,190
|
Rapyd Financial Network 2016 Ltd warrants 3/5/2038
|
3/6/2025
|
0
|
Relativity Space Inc
|
11/20/2020 - 11/14/2023
|
57,771,252
|
Relativity Space Inc warrants 11/1/2030
|
11/14/2023
|
0
|
Revolut Group Holdings Ltd
|
1/28/2026
|
55,839,778
|
Somatus Inc Series E
|
1/31/2022
|
13,310,300
|
Space Exploration Technologies Corp
|
10/16/2015 - 12/19/2025
|
200,732,758
|
Space Exploration Technologies Corp Class C
|
9/11/2017
|
1,753,785
|
Space Exploration Technologies Corp Series G
|
1/20/2015
|
43,239,334
|
Space Exploration Technologies Corp Series H
|
8/4/2017
|
16,238,070
|
Space Exploration Technologies Corp Series N
|
8/4/2020
|
115,683,660
|
Starling Bank Ltd
|
6/18/2021 - 4/5/2022
|
52,246,529
|
Stripe LLC Class B
|
5/18/2021
|
18,282,490
|
Stripe LLC Series H
|
3/15/2021
|
7,635,787
|
Stripe LLC Series I
|
3/20/2023 - 5/12/2023
|
42,564,760
|
Tanium Inc Class B
|
4/21/2017 - 9/18/2020
|
57,901,784
|
Tenstorrent Holdings Inc 15% 12/31/2026
|
2/25/2026
|
3,432,400
|
Tenstorrent Holdings Inc Series C1
|
4/23/2021
|
23,032,751
|
Tulco LLC
|
8/24/2017 - 9/7/2018
|
52,171,493
|
Veterinary Emergency Group
|
9/16/2021 - 11/13/2023
|
44,291,345
|
Zipline International Inc
|
10/12/2021
|
18,569,376
|
Zipline International Inc Series E
|
12/21/2020
|
42,978,337
|
Zipline International Inc Series F
|
4/11/2023
|
27,420,170
|
Zipline International Inc Series G
|
6/7/2024
|
32,392,820
|
Zipline International Inc Series H
|
12/3/2025
|
15,557,068
|
Additional information on each lock-up restriction is as follows:
|
|
Security
|
Restriction Expiration Date
|
Beta Technologies Inc
|
5/4/2026
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
1,585,388,239
|
7,650,310,029
|
8,242,826,830
|
10,849,962
|
(6,786)
|
7,020
|
992,871,672
|
992,673,138
|
1.6%
|
Fidelity Securities Lending Cash Central Fund
|
239,207,876
|
1,614,959,901
|
1,533,144,339
|
523,311
|
-
|
-
|
321,023,438
|
320,991,339
|
0.9%
|
Total
|
1,824,596,115
|
9,265,269,930
|
9,775,971,169
|
11,373,273
|
(6,786)
|
7,020
|
1,313,895,110
|
||
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
Xoma Royalty Corp
|
18,801,603
|
2,332,633
|
34,536
|
-
|
4,825
|
3,817,654
|
24,922,179
|
794,459
|
Total
|
18,801,603
|
2,332,633
|
34,536
|
-
|
4,825
|
3,817,654
|
24,922,179
|