Vanguard® Total Stock Market Index Fund
Schedule of Investments (unaudited)
As of March 31, 2026
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
          Shares Market
Value
($000)
Common Stocks (99.6%)
Basic Materials (1.8%)
  Linde plc 14,717,930 7,296,561
  Newmont Corp. 34,557,472 3,740,846
  Freeport-McMoRan Inc. 45,653,013 2,683,484
  Ecolab Inc. 8,059,379 2,143,956
  Air Products and Chemicals Inc. 7,072,912 2,054,610
  Fastenal Co. 36,463,068 1,691,886
  Nucor Corp. 6,872,790 1,162,189
  Steel Dynamics Inc. 4,413,275 794,390
  Royal Gold Inc. 2,697,453 686,475
  Albemarle Corp. 3,747,319 672,756
  LyondellBasell Industries NV Class A 8,195,967 660,267
  CF Industries Holdings Inc. 4,870,519 632,388
  International Paper Co. 16,815,439 600,311
  Carpenter Technology Corp. 1,506,860 593,929
  International Flavors & Fragrances Inc. 7,744,268 561,847
  Alcoa Corp. 8,379,184 555,791
* RBC Bearings Inc. 1,006,140 546,455
  Reliance Inc. 1,642,136 499,078
  Avery Dennison Corp. 2,437,268 420,867
  Mueller Industries Inc. 3,530,934 391,228
  Solstice Advanced Materials Inc. 5,048,413 384,487
  Hecla Mining Co. 20,273,471 377,695
* Coeur Mining Inc. 18,424,508 345,828
  Eastman Chemical Co. 3,619,846 276,267
  Element Solutions Inc. 7,733,782 264,031
  Mosaic Co. 10,106,343 257,712
*,1 MP Materials Corp. 5,078,642 245,095
  Celanese Corp. 3,506,023 230,591
  Commercial Metals Co. 3,519,501 216,203
* Uranium Energy Corp. 15,371,854 207,520
  Timken Co. 2,000,594 201,200
  Hexcel Corp. 2,408,553 194,924
  Balchem Corp. 1,014,626 171,959
  UFP Industries Inc. 1,791,522 165,035
  NewMarket Corp. 253,883 162,726
* Cleveland-Cliffs Inc. 18,135,627 153,246
*,1 Energy Fuels Inc. 7,544,556 137,688
  Cabot Corp. 1,649,140 124,197
  Westlake Corp. 1,019,277 119,072
  Sensient Technologies Corp. 1,361,537 117,691
* Century Aluminum Co. 1,887,648 110,786
* Perimeter Solutions Inc. 4,458,677 108,881
  Avient Corp. 2,934,486 106,522
  Chemours Co. 4,830,686 106,420
  Olin Corp. 3,567,181 106,052
  Materion Corp. 660,009 95,470
*,1 USA Rare Earth Inc. 6,235,984 94,382
  Hawkins Inc. 598,472 91,925
  Scotts Miracle-Gro Co. 1,382,888 84,093
  Ashland Inc. 1,462,882 81,351
* Ingevity Corp. 1,118,429 79,666
  Huntsman Corp. 5,356,888 71,300
  FMC Corp. 4,021,442 69,249
  Minerals Technologies Inc. 967,548 68,619
  Innospec Inc. 794,453 58,011
  Kaiser Aluminum Corp. 464,208 55,942
  Quaker Chemical Corp. 447,657 55,612
*,1 Hycroft Mining Holding Corp. Class A 1,458,073 51,324
* Ecovyst Inc. 3,582,068 46,065
  Sylvamo Corp. 1,080,233 45,629
* Ivanhoe Electric Inc. 3,785,152 44,741
  Tronox Holdings plc 3,732,772 36,469

          Shares Market
Value
($000)
  Worthington Steel Inc. 1,200,220 36,427
*,1 i-80 Gold Corp. 23,409,995 35,583
  Stepan Co. 681,056 34,039
*,1 United States Antimony Corp. 3,739,500 32,646
  Ryerson Holding Corp. 1,399,237 31,455
* Compass Minerals International Inc. 1,316,932 30,750
* LSB Industries Inc. 1,580,946 23,556
  Koppers Holdings Inc. 598,437 23,148
* NWPX Infrastructure Inc. 291,591 22,703
* Rayonier Advanced Materials Inc. 1,977,844 21,895
  AdvanSix Inc. 795,399 19,408
* Metallus Inc. 1,120,247 18,305
* Dakota Gold Corp. 3,368,648 17,012
*,1 Ur-Energy Inc. 11,233,029 16,737
*,1 ASP Isotopes Inc. 3,702,095 16,363
* Intrepid Potash Inc. 379,874 16,247
* Idaho Strategic Resources Inc. 465,376 14,948
  Mativ Holdings Inc. 1,712,098 14,895
*,1 American Battery Technology Co. 3,946,102 11,010
* Alto Ingredients Inc. 2,230,593 10,796
* Magnera Corp. 1,107,017 10,528
*,1 Contango Silver & Gold Inc. 397,928 7,461
* Clearwater Paper Corp. 488,515 7,025
* Perma-Pipe International Holdings Inc. 225,099 6,710
* Tredegar Corp. 821,694 6,533
* Comstock Inc. 2,084,238 6,357
*,1 US Gold Corp. 361,020 5,484
*,1 GrafTech International Ltd. 665,308 4,511
* Gold Resource Corp. 3,630,850 4,357
  Friedman Industries Inc. 204,984 3,632
* Ascent Industries Co. 264,251 3,517
  Omega Flex Inc. 111,611 3,464
* Paramount Gold Nevada Corp. 1,980,254 3,287
* Ampco-Pittsburgh Corp. 458,240 3,079
  Northern Technologies International Corp. 296,283 2,441
* American Vanguard Corp. 796,895 1,984
*,1 Westwater Resources Inc. 2,873,502 1,879
* Unifi Inc. 471,568 1,684
* CPS Technologies Corp. 402,526 1,506
  Flexible Solutions International Inc. 270,455 1,461
* Solitario Resources Corp. 1,500,000 1,230
* Culp Inc. 335,090 918
*,1 LanzaTech Global Inc. 42,232 676
*,1 Solesence Inc. 597,505 567
* TechPrecision Corp. 181,940 548
*,1 5E Advanced Materials Inc. 199,643 280
* Origin Materials Inc. 109,685 250
* Senestech Inc. 8,103 13
*,1,2 American Infrastructure Corp. 373,321 2
*,1,2 ReElement Technologies Corp. 696,874
            34,950,297
Consumer Discretionary (13.5%)
* Amazon.com Inc. 306,900,330 63,918,132
* Tesla Inc. 89,405,518 33,236,501
  Walmart Inc. 139,244,193 17,305,268
  Costco Wholesale Corp. 14,099,114 14,048,780
* Netflix Inc. 134,118,081 12,895,454
  Home Depot Inc. 31,623,279 10,400,580
  McDonald's Corp. 22,562,987 7,012,351
  TJX Cos. Inc. 35,273,547 5,633,185
  Walt Disney Co. 56,266,097 5,422,926
* Uber Technologies Inc. 65,375,251 4,702,442
  Booking Holdings Inc. 1,006,031 4,235,712
  Lowe's Cos. Inc. 17,822,191 4,211,027
  Starbucks Corp. 36,182,944 3,241,630
* O'Reilly Automotive Inc. 26,750,281 2,469,318
  Ross Stores Inc. 10,274,048 2,225,667
  Hilton Worldwide Holdings Inc. 7,279,486 2,213,546
  Marriott International Inc. Class A 6,732,121 2,201,875

          Shares Market
Value
($000)
  General Motors Co. 28,709,917 2,138,889
  Royal Caribbean Cruises Ltd. 7,733,857 2,128,203
* Warner Bros Discovery Inc. 74,827,674 2,054,768
  NIKE Inc. Class B 37,824,895 1,997,911
* AutoZone Inc. 526,498 1,778,394
  Target Corp. 14,383,806 1,743,317
  Electronic Arts Inc. 7,945,264 1,619,801
* Airbnb Inc. Class A 12,104,863 1,528,602
  Ford Motor Co. 124,572,829 1,437,570
  Delta Air Lines Inc. 20,736,131 1,378,538
  Yum! Brands Inc. 8,778,247 1,364,842
* Carvana Co. 4,307,815 1,354,291
* Chipotle Mexican Grill Inc. 41,370,740 1,324,277
  eBay Inc. 14,234,873 1,295,658
  Garmin Ltd. 5,194,193 1,205,105
  DR Horton Inc. 8,284,342 1,136,777
* ROBLOX Corp. Class A 19,971,468 1,129,586
* Take-Two Interactive Software Inc. 5,587,913 1,103,613
* United Airlines Holdings Inc. 10,412,404 958,670
* Copart Inc. 27,652,904 918,076
  Carnival Corp. 35,345,817 914,750
  Tapestry Inc. 6,431,020 907,481
  Expedia Group Inc. 3,712,586 857,199
  Dollar General Corp. 6,991,422 830,092
*,1 Live Nation Entertainment Inc. 5,213,192 795,064
  Tractor Supply Co. 16,727,975 757,777
  Omnicom Group Inc. 9,858,221 742,423
* Ulta Beauty Inc. 1,409,227 736,617
  PulteGroup Inc. 6,110,185 718,619
  Darden Restaurants Inc. 3,655,613 716,646
  Williams-Sonoma Inc. 3,799,741 692,807
* Dollar Tree Inc. 6,000,971 657,166
* Burlington Stores Inc. 1,995,199 649,198
* Liberty Media Corp.-Liberty Formula One Class C 7,095,941 603,297
  Southwest Airlines Co. 15,616,430 586,709
  RB Global Inc. 5,917,202 567,164
  Estee Lauder Cos. Inc. Class A 7,859,750 564,094
* NVR Inc. 84,225 555,028
  Rollins Inc. 9,929,197 530,318
* Lululemon Athletica Inc. 3,386,167 518,422
  Las Vegas Sands Corp. 9,602,180 517,365
  Lennar Corp. Class A 5,796,465 503,365
* Aptiv plc 6,754,886 469,059
  Somnigroup International Inc. 6,345,478 469,058
  Genuine Parts Co. 4,373,569 462,505
* Flutter Entertainment plc 4,456,690 454,360
* Deckers Outdoor Corp. 4,510,674 451,473
* Rivian Automotive Inc. Class A 29,499,550 443,968
  Hasbro Inc. 4,473,199 418,691
* BJ's Wholesale Club Holdings Inc. 4,167,940 410,209
  Toll Brothers Inc. 3,002,729 409,782
  New York Times Co. Class A 4,884,835 409,007
  Best Buy Co. Inc. 6,314,240 405,374
* Five Below Inc. 1,756,830 401,401
  Ralph Lauren Corp. 1,162,429 399,864
  TKO Group Holdings Inc. Class A 1,981,175 399,504
  Dick's Sporting Goods Inc. 1,998,036 396,191
  BorgWarner Inc. 6,559,637 355,926
  Texas Roadhouse Inc. Class A 2,108,132 348,137
  Fox Corp. Class A 5,943,995 347,129
  Service Corp. International 4,202,203 346,724
  Domino's Pizza Inc. 959,385 344,218
  Aramark 8,370,943 339,358
  News Corp. Class A 13,203,717 329,169
* DraftKings Inc. Class A 14,883,636 321,784
* Trade Desk Inc. Class A 14,014,019 317,978
*,1 GameStop Corp. Class A 12,839,091 295,813
* Norwegian Cruise Line Holdings Ltd. 14,493,767 271,033
  Murphy USA Inc. 530,132 261,869
* Cava Group Inc. 3,143,656 254,322

          Shares Market
Value
($000)
  Wynn Resorts Ltd. 2,480,946 251,940
* Wayfair Inc. Class A 3,282,011 246,840
  LKQ Corp. 8,137,634 239,002
* American Airlines Group Inc. 21,046,582 226,040
  Pool Corp. 1,052,175 212,887
  VF Corp. 12,463,702 211,758
* MGM Resorts International 5,682,022 210,292
* Chewy Inc. Class A 7,582,240 204,721
* AutoNation Inc. 1,047,907 204,614
* Dutch Bros Inc. Class A 4,036,004 204,464
* Brinker International Inc. 1,382,359 197,359
  Fox Corp. Class B 3,684,869 195,667
  Wyndham Hotels & Resorts Inc. 2,395,279 194,569
  Lear Corp. 1,604,238 194,241
* SiteOne Landscape Supply Inc. 1,422,026 189,286
* Planet Fitness Inc. Class A 2,531,509 188,294
* CarMax Inc. 4,511,337 187,581
  Gap Inc. 7,714,468 186,690
  Lithia Motors Inc. Class A 742,736 185,476
* Ollie's Bargain Outlet Holdings Inc. 1,954,309 179,875
* Madison Square Garden Sports Corp. 558,458 179,488
1 Hyatt Hotels Corp. Class A 1,243,675 178,828
* Liberty Live Holdings Inc. Class C 1,895,082 178,346
* Floor & Decor Holdings Inc. Class A 3,437,018 174,601
  Churchill Downs Inc. 1,887,291 169,535
* Taylor Morrison Home Corp. Class A 2,900,424 168,921
* Versant Media Group Inc. 4,547,281 168,340
  Nexstar Media Group Inc. Class A 916,159 165,669
* Caesars Entertainment Inc. 6,172,883 163,149
* Lyft Inc. Class A 12,088,015 160,771
  Gentex Corp. 6,827,710 149,185
* Grand Canyon Education Inc. 865,409 147,146
  Vail Resorts Inc. 1,141,023 146,416
  Atmus Filtration Technologies Inc. 2,570,270 145,914
* Etsy Inc. 2,908,084 145,346
* Bright Horizons Family Solutions Inc. 1,757,476 144,342
  Macy's Inc. 7,945,035 143,726
* Boot Barn Holdings Inc. 956,925 140,056
* Mattel Inc. 9,581,038 139,213
* Valvoline Inc. 4,055,596 136,592
  Boyd Gaming Corp. 1,655,368 136,038
  Sirius XM Holdings Inc. 5,879,660 135,703
  Wingstop Inc. 873,281 135,332
  U-Haul Holding Co. (XNYS) 3,013,616 134,618
* Laureate Education Inc. 3,862,670 134,575
* Abercrombie & Fitch Co. Class A 1,457,746 133,194
* Alaska Air Group Inc. 3,612,283 132,860
* Champion Homes Inc. 1,761,267 130,985
  Travel + Leisure Co. 1,878,493 129,973
  H&R Block Inc. 4,013,002 127,373
  Thor Industries Inc. 1,590,880 127,095
* Urban Outfitters Inc. 1,997,563 126,546
* Crocs Inc. 1,521,312 126,299
  Dana Inc. 3,735,861 125,712
  Meritage Homes Corp. 2,022,879 125,095
  PriceSmart Inc. 830,316 124,963
  Kontoor Brands Inc. 1,770,656 124,459
  Bath & Body Works Inc. 6,496,236 121,285
* Covista Inc. 1,045,042 120,441
  Academy Sports & Outdoors Inc. 2,129,598 120,216
* Cavco Industries Inc. 247,682 119,950
* Asbury Automotive Group Inc. 611,219 119,438
  Group 1 Automotive Inc. 360,705 119,260
* Duolingo Inc. Class A 1,207,950 119,068
* Frontdoor Inc. 2,246,628 118,757
  Rush Enterprises Inc. Class A 1,790,360 118,361
* Victoria's Secret & Co. 2,551,064 118,267
* Tri Pointe Homes Inc. 2,528,589 118,161
* SkyWest Inc. 1,283,043 117,822
* Life Time Group Holdings Inc. 4,223,435 113,779

          Shares Market
Value
($000)
  Warner Music Group Corp. Class A 4,451,284 113,686
* Stride Inc. 1,284,463 113,251
1 Whirlpool Corp. 2,016,573 108,734
  Graham Holdings Co. Class B 102,076 107,921
* Shake Shack Inc. Class A 1,217,846 107,743
* elf Beauty Inc. 1,767,830 107,148
  Signet Jewelers Ltd. 1,215,286 102,862
  PVH Corp. 1,457,162 101,652
  Advance Auto Parts Inc. 1,918,756 101,214
* Sphere Entertainment Co. 855,551 100,442
* OPENLANE Inc. 3,407,556 99,330
* M/I Homes Inc. 779,086 95,399
  Cinemark Holdings Inc. 3,327,967 94,914
* QuantumScape Corp. Class A 14,771,951 94,245
  Polaris Inc. 1,718,666 93,667
1 Paramount Skydance Corp. Class B 10,253,606 92,488
* Dorman Products Inc. 878,312 91,661
* YETI Holdings Inc. 2,475,323 90,572
  LCI Industries 733,880 90,253
  Red Rock Resorts Inc. Class A 1,688,468 90,097
  Lennar Corp. Class B 1,066,340 89,701
  KB Home 1,702,597 88,109
1 Choice Hotels International Inc. 812,801 84,125
  American Eagle Outfitters Inc. 4,824,185 80,564
  Acushnet Holdings Corp. 842,370 78,745
  Cheesecake Factory Inc. 1,431,545 78,377
  Steven Madden Ltd. 2,309,761 78,347
  Penske Automotive Group Inc. 522,802 78,169
  Visteon Corp. 842,341 76,746
  Phinia Inc. 1,121,236 76,737
* Hilton Grand Vacations Inc. 1,944,833 76,082
*,1 Avis Budget Group Inc. 507,688 74,046
* Madison Square Garden Entertainment Corp. Class A 1,241,512 73,137
  Perdoceo Education Corp. 1,943,326 72,311
  News Corp. Class B 2,523,503 71,945
  Harley-Davidson Inc. 3,554,369 71,869
  HNI Corp. 2,140,856 71,483
* Lionsgate Studios Corp. 7,368,317 70,662
* Rush Street Interactive Inc. 3,118,458 67,826
* RH 478,321 66,879
* Atlanta Braves Holdings Inc. Class C 1,552,425 66,289
* Knowles Corp. 2,575,975 66,151
  Marriott Vacations Worldwide Corp. 1,001,381 65,210
* Penn Entertainment Inc. 4,325,778 65,016
* Capri Holdings Ltd. 3,629,772 63,957
* National Vision Holdings Inc. 2,466,664 63,887
* Green Brick Partners Inc. 968,964 62,450
* Callaway Golf Co. 4,385,975 60,877
* Liberty Live Holdings Inc. Class A 649,076 59,481
* Liberty Media Corp.-Liberty Formula One Class A 751,821 58,702
* Goodyear Tire & Rubber Co. 8,704,748 57,712
  Levi Strauss & Co. Class A 3,110,425 57,512
  Strategic Education Inc. 682,124 56,589
* Universal Technical Institute Inc. 1,553,500 56,081
* Peloton Interactive Inc. Class A 12,695,911 54,465
  Dillard's Inc. Class A 92,855 53,123
* Central Garden & Pet Co. Class A 1,608,838 52,159
* Six Flags Entertainment Corp. 2,911,160 51,673
  Interparfums Inc. 554,397 50,361
  Worthington Enterprises Inc. 957,734 49,936
* Sonos Inc. 3,662,465 49,077
  Buckle Inc. 963,254 48,509
  Newell Brands Inc. 13,460,721 46,170
  John Wiley & Sons Inc. Class A 1,204,661 45,898
  Century Communities Inc. 799,101 45,852
* Arlo Technologies Inc. 3,161,047 44,982
  Kohl's Corp. 3,377,783 43,573
  Winmark Corp. 101,275 43,300
  Interface Inc. Class A 1,734,164 43,215
* Sally Beauty Holdings Inc. 3,081,301 42,676

          Shares Market
Value
($000)
*,1 Red Cat Holdings Inc. 3,247,501 42,510
  Columbia Sportswear Co. 774,482 42,449
* Dauch Corp. 7,113,522 42,183
  Wolverine World Wide Inc. 2,575,144 42,026
  La-Z-Boy Inc. 1,300,304 41,792
* JetBlue Airways Corp. 9,238,281 40,833
*,1 Lucid Group Inc. Class A 4,271,960 40,712
* Allegiant Travel Co. 499,743 40,499
* Figs Inc. Class A 2,713,203 40,074
  Leggett & Platt Inc. 4,038,589 39,901
* TripAdvisor Inc. 3,690,140 39,337
  Carter's Inc. 1,086,694 38,860
  Monarch Casino & Resort Inc. 403,566 38,581
* Lincoln Educational Services Corp. 843,507 34,314
  PROG Holdings Inc. 1,193,178 34,232
  Wendy's Co. 4,784,370 33,251
* XPEL Inc. 739,127 32,714
  G-III Apparel Group Ltd. 1,155,765 32,015
  MillerKnoll Inc. 2,197,967 31,783
  Papa John's International Inc. 980,007 31,762
* USA TODAY Co. Inc. 4,382,700 30,898
* RealReal Inc. 3,336,736 30,298
  Upbound Group Inc. 1,637,251 29,552
*,1 Under Armour Inc. Class C 5,103,070 29,547
* Revolve Group Inc. Class A 1,265,462 28,612
*,1 Global Business Travel Group I 5,070,808 28,295
* Sun Country Airlines Holdings Inc. 1,699,249 28,072
* American Public Education Inc. 482,308 27,434
  Sonic Automotive Inc. Class A 398,112 27,299
*,1 Under Armour Inc. Class A 4,603,028 27,204
* Lindblad Expeditions Holdings Inc. 1,560,240 26,992
  Rush Enterprises Inc. Class B 413,417 26,603
* Coursera Inc. 4,547,857 26,469
  Winnebago Industries Inc. 846,507 26,233
* Pursuit Attractions & Hospitality Inc. 692,504 25,366
* Gentherm Inc. 911,105 25,311
* Eastman Kodak Co. 2,784,208 25,197
  Gold.com Inc. 625,013 25,051
* United Parks & Resorts Inc. 764,030 24,953
* LGI Homes Inc. 619,967 24,507
  Matthews International Corp. Class A 916,598 23,667
  Standard Motor Products Inc. 673,859 23,410
* Driven Brands Holdings Inc. 1,804,498 22,755
1 Scholastic Corp. 572,850 22,376
* Coty Inc. Class A 11,037,147 22,185
* BJ's Restaurants Inc. 630,779 22,140
* ACV Auctions Inc. Class A 5,133,250 21,765
* Fox Factory Holding Corp. 1,313,256 21,616
* Mister Car Wash Inc. 3,058,184 21,316
* QuinStreet Inc. 1,720,245 20,660
  Carriage Services Inc. Class A 447,647 20,440
* Accel Entertainment Inc. Class A 1,871,121 20,414
* Clear Channel Outdoor Holdings Inc. 8,592,838 20,365
1 Cracker Barrel Old Country Store Inc. 701,412 19,717
* Liquidity Services Inc. 625,704 19,128
* First Watch Restaurant Group Inc. 1,820,227 19,076
  Smith & Wesson Brands Inc. 1,308,562 18,752
  Sturm Ruger & Co. Inc. 450,890 18,076
*,1 Stagwell Inc. Class A 2,873,623 18,075
*,1 Hertz Global Holdings Inc. 3,862,369 17,806
  Oxford Industries Inc. 453,127 17,450
*,1 U-Haul Holding Co. 362,806 17,335
* Beazer Homes USA Inc. 894,375 17,208
* Sabre Corp. 11,773,726 17,072
*,1 Unusual Machines Inc. 1,363,580 16,908
  Ethan Allen Interiors Inc. 756,799 16,846
* MarineMax Inc. 618,428 16,735
*,1 AMC Entertainment Holdings Inc. Class A 16,418,730 16,090
  Sinclair Inc. 1,211,210 15,673
*,1 Sweetgreen Inc. Class A 3,012,003 15,632

          Shares Market
Value
($000)
  Golden Entertainment Inc. 580,640 15,497
* Hovnanian Enterprises Inc. Class A 139,128 15,431
  Build-A-Bear Workshop Inc. 399,285 14,953
* Malibu Boats Inc. Class A 567,561 14,711
* Cooper-Standard Holdings Inc. 525,802 14,654
*,1 Cars.com Inc. 1,782,439 14,473
  Monro Inc. 890,712 14,287
* Udemy Inc. 3,049,451 14,088
* Daily Journal Corp. 28,590 13,790
*,1 Kura Sushi USA Inc. Class A 191,714 13,380
  Global Industrial Co. 420,702 13,261
  Camping World Holdings Inc. Class A 1,878,671 12,831
* Clean Energy Fuels Corp. 5,143,976 12,757
  Bloomin' Brands Inc. 2,330,978 12,587
* Dream Finders Homes Inc. Class A 897,157 12,488
  Marcus Corp. 717,486 12,319
*,1 McGraw Hill Inc. 897,538 12,296
*,1 Atlanta Braves Holdings Inc. Class A 253,788 11,966
  Movado Group Inc. 470,691 11,494
  Gray Media Inc. 2,639,915 11,457
* Portillo's Inc. Class A 2,147,844 11,362
*,1 MNTN Inc. Class A 1,279,386 11,259
* Stitch Fix Inc. Class A 3,337,063 11,046
  Caleres Inc. 1,044,148 11,005
  Arhaus Inc. Class A 1,590,032 10,780
* El Pollo Loco Holdings Inc. 773,548 10,721
* MasterCraft Boat Holdings Inc. 509,017 10,440
* Helen of Troy Ltd. 716,786 10,336
* ThredUp Inc. Class A 3,113,486 10,212
* Bed Bath & Beyond Inc. 2,188,584 10,155
* Strattec Security Corp. 128,836 10,093
* iHeartMedia Inc. Class A 3,423,276 9,996
* Genesco Inc. 339,664 9,847
  Arko Corp. 1,757,529 9,772
* Zumiez Inc. 428,569 9,497
* Latham Group Inc. 1,738,076 9,333
* Boston Omaha Corp. Class A 789,211 9,218
  Dine Brands Global Inc. 350,257 9,191
* Savers Value Village Inc. 1,215,670 9,045
  Haverty Furniture Cos. Inc. 422,808 8,955
*,1 Frontier Group Holdings Inc. 2,515,740 8,881
*,1 Dave & Buster's Entertainment Inc. 818,525 8,865
  Rocky Brands Inc. 226,104 8,755
  Shoe Carnival Inc. 557,297 8,688
1 Krispy Kreme Inc. 2,508,861 8,505
  Nathan's Famous Inc. 83,975 8,459
* Corsair Gaming Inc. 1,482,246 8,226
*,1 Central Garden & Pet Co. 222,103 8,167
* EW Scripps Co. Class A 2,148,548 7,993
*,1 Bob's Discount Furniture Inc. 633,793 7,447
*,1 XMAX Inc. 1,027,600 7,440
* Holley Inc. 2,417,721 7,422
*,1 Virtuix Holdings Inc. Class A 1,053,686 7,133
* Biglari Holdings Inc. Class B 21,577 7,112
  Weyco Group Inc. 203,942 6,536
  National CineMedia Inc. 2,141,674 6,532
* Citi Trends Inc. 150,153 6,505
*,1 Fossil Group Inc. 1,500,649 6,468
* AMC Networks Inc. Class A 951,224 6,459
  Johnson Outdoors Inc. Class A 138,857 6,458
* Petco Health & Wellness Co. Inc. Class A 2,321,290 6,453
*,1 Lovesac Co. 428,840 6,334
  Flexsteel Industries Inc. 138,551 6,227
*,1 Black Rock Coffee Bar Inc. Class A 478,842 6,187
* Motorcar Parts of America Inc. 554,684 6,135
*,1 SES AI Corp. Class A 6,245,350 6,008
  Designer Brands Inc. Class A 1,050,828 5,979
  RCI Hospitality Holdings Inc. 250,737 5,719
* Jack in the Box Inc. 587,209 5,678
*,1 Outdoor Holding Co. 2,737,910 5,503

          Shares Market
Value
($000)
  Entravision Communications Corp. Class A 1,808,644 5,372
* Legacy Housing Corp. 262,223 5,357
  Cricut Inc. Class A 1,429,045 5,345
* European Wax Center Inc. Class A 921,643 5,327
*,1 Barnes & Noble Education Inc. 601,175 5,308
  Escalade Inc. 301,969 5,185
  Hooker Furnishings Corp. 401,540 5,172
* Envela Corp. 308,010 5,131
  JAKKS Pacific Inc. 253,563 5,051
*,1 Xponential Fitness Inc. Class A 826,247 4,974
* Turtle Beach Corp. 478,037 4,847
*,1 Vuzix Corp. 2,063,385 4,766
  Starz Entertainment Corp. 412,088 4,739
* Venu Holding Corp. 1,402,569 4,643
  Bassett Furniture Industries Inc. 305,993 4,330
  Superior Group of Cos. Inc. 423,572 4,304
*,1 Bally's Corp. 440,855 4,250
  Hamilton Beach Brands Holding Co. Class A 224,011 4,245
* American Outdoor Brands Inc. 448,329 4,187
*,1 Tron Inc. 1,754,910 3,984
*,1 Lands' End Inc. 353,386 3,972
* Stoneridge Inc. 804,492 3,886
  CuriosityStream Inc. 1,273,155 3,769
*,1 Smith Douglas Homes Corp. Class A 290,128 3,714
*,1 Thryv Holdings Inc. 1,289,753 3,534
* Funko Inc. Class A 1,105,137 3,481
* Legacy Education Inc. 272,331 3,410
*,1 OneWater Marine Inc. Class A 350,064 3,308
1 Lucky Strike Entertainment Corp. 383,788 3,193
* RideNow Group Inc. Class B 436,423 3,081
*,1 Tilly's Inc. Class A 723,084 2,929
* America's Car-Mart Inc. 228,243 2,906
* Kewaunee Scientific Corp. 84,188 2,885
*,1 GoPro Inc. Class A 3,723,263 2,867
*,1 Upexi Inc. 2,738,202 2,699
  Virco Manufacturing Corp. 426,610 2,611
* Biglari Holdings Inc. Class A 1,459 2,543
*,1 Grabagun Digital Holdings Inc. 841,871 2,534
  J. Jill Inc. 216,901 2,486
* Chegg Inc. 3,232,903 2,397
  Clarus Corp. 877,623 2,387
* Vera Bradley Inc. 745,827 2,357
  Lifetime Brands Inc. 403,605 2,317
  Marine Products Corp. 318,388 2,315
*,1 KinderCare Learning Cos. Inc. 1,046,148 2,302
*,1 Full House Resorts Inc. 1,007,847 2,268
1 Lakeland Industries Inc. 271,562 2,224
*,1 1-800-Flowers.com Inc. Class A 709,419 2,157
*,1 Surf Air Mobility Inc. 1,868,172 2,148
*,1 BARK Inc. 3,987,548 2,020
*,1 NN Inc. 1,382,782 2,005
  Townsquare Media Inc. Class A 366,758 1,992
*,1 Torrid Holdings Inc. 1,090,938 1,942
* Rent the Runway Inc. Class A 367,543 1,757
*,1 Blink Charging Co. 2,957,587 1,677
*,1 Cardlytics Inc. 1,505,220 1,581
* Noodles & Co. Class A 184,437 1,577
* Sportsman's Warehouse Holdings Inc. 1,089,372 1,536
  Saga Communications Inc. Class A 131,209 1,535
* Universal Electronics Inc. 369,409 1,522
* Cato Corp. Class A 535,414 1,515
* Duluth Holdings Inc. Class B 477,866 1,510
  CompX International Inc. 62,638 1,463
*,1 Faraday Future Intelligent Electric Inc. Class A 5,321,097 1,462
* Century Casinos Inc. 1,051,396 1,461
* Travelzoo 243,952 1,444
*,1 ONE Group Hospitality Inc. 803,421 1,430
* IZEA Worldwide Inc. 406,823 1,428
*,1 Nerdy Inc. 1,728,690 1,411
* Red Robin Gourmet Burgers Inc. 463,819 1,359

          Shares Market
Value
($000)
*,1 Lee Enterprises Inc. 155,312 1,337
* CarParts.com Inc. 1,693,085 1,330
*,1 Castellum Inc. 2,189,871 1,291
* LiveOne Inc. 253,151 1,291
*,1 Playstudios Inc. 2,687,599 1,261
* Gaia Inc. Class A 431,317 1,195
*,1 Sleep Number Corp. 649,825 1,166
*,1 Wheels Up Experience Inc. Class A 2,158,025 1,115
*,1 Grove Collaborative Holdings Class A 871,293 1,115
*,1 flyExclusive Inc. Class A 492,064 1,112
* Purple Innovation Inc. Class A 1,610,685 1,065
* Cineverse Corp. Class A 429,559 1,031
* Marchex Inc. Class B 653,901 1,014
*,1 Traeger Inc. 34,471 1,000
* Regis Corp. 38,551 952
*,1 Teads Holding Co. 1,317,141 867
* Destination XL Group Inc. 1,599,157 816
  Crown Crafts Inc. 313,409 807
*,1 Aureus Greenway Holdings Inc. 233,892 793
*,1 Children's Place Inc. 216,984 729
*,1 Kartoon Studios Inc. 1,158,385 723
*,1 GameSquare Holdings Inc. 2,395,850 647
*,1 NextNRG Inc. 1,551,330 621
*,1 Fluent Inc. 184,890 584
* Reading International Inc. Class A 497,592 562
*,1 Lulu's Fashion Lounge Holdings Inc. 41,252 525
* Live Ventures Inc. 44,195 517
*,1 QVC Group Inc. 230,549 500
  Brilliant Earth Group Inc. Class A 373,042 496
  Flanigan's Enterprises Inc. 14,413 474
*,1 Allbirds Inc. Class A 150,702 454
* Koss Corp. 122,145 437
* Harte Hanks Inc. 189,891 431
*,1 Digital Brands Group Inc. 239,455 431
*,1 Good Times Restaurants Inc. 343,439 402
*,1 Brand House Collective Inc. 427,112 397
  Jerash Holdings US Inc. 132,571 383
* Urban One Inc. 69,351 379
* Ark Restaurants Corp. 57,309 376
* United Homes Group Inc. Class A 295,213 342
*,1 Nomadar Corp. Class A 78,703 321
* Stran & Co. Inc. 179,148 296
* Rave Restaurant Group Inc. 102,330 271
1 GEN Restaurant Group Inc. Class A 127,318 250
  Tandy Leather Factory Inc. 103,981 240
* SPAR Group Inc. 361,304 226
* Leslie's Inc. 180,915 203
* Dolphin Entertainment Inc. 131,998 194
* AXIL Brands Inc. 26,346 184
* PodcastOne Inc. 62,706 128
*,2 Luby's Inc. 449,752 112
*,1 Allied Gaming & Entertainment Inc. 184,779 51
*,2 SRAX Inc. 590,641 41
* Urban One Inc. Class A 3,825 22
* InterGroup Corp. 460 17
* Snail Inc. Class A 30,903 16
* Reading International Inc. Class B 600 5
* Adapti Inc. 1,529 1
*,2 Bowl America Inc. 85,200
            269,401,652
Consumer Staples (3.6%)
  Procter & Gamble Co. 73,821,642 10,662,798
  Coca-Cola Co. 109,289,112 8,311,437
  Philip Morris International Inc. 49,453,745 8,176,682
  PepsiCo Inc. 43,411,443 6,741,363
  Altria Group Inc. 53,107,545 3,504,567
  McKesson Corp. 3,890,444 3,366,635
  CVS Health Corp. 40,422,383 2,903,136
  Mondelez International Inc. Class A 40,727,639 2,347,541

          Shares Market
Value
($000)
  Colgate-Palmolive Co. 25,458,260 2,169,808
  Cencora Inc. 5,869,913 1,843,974
  Corteva Inc. 21,691,957 1,815,834
* Monster Beverage Corp. 21,726,325 1,574,290
  Kroger Co. 18,099,079 1,309,649
  Archer-Daniels-Midland Co. 15,263,004 1,109,468
  Sysco Corp. 15,210,707 1,084,980
  Keurig Dr Pepper Inc. 40,972,418 1,078,804
  Kenvue Inc. 60,858,355 1,049,198
  Kimberly-Clark Corp. 10,538,097 1,016,610
  Hershey Co. 4,703,535 977,818
  Casey's General Stores Inc. 1,177,426 857,001
  Church & Dwight Co. Inc. 7,524,405 702,178
  Constellation Brands Inc. Class A 4,408,958 661,344
* US Foods Holding Corp. 7,001,593 645,617
  General Mills Inc. 16,981,157 632,039
  Bunge Global SA 4,924,540 626,402
  Kraft Heinz Co. 26,295,796 591,392
  Tyson Foods Inc. Class A 8,953,775 573,668
  McCormick & Co. Inc. (Non-Voting) 8,073,619 407,233
* Performance Food Group Co. 4,747,344 406,658
  Clorox Co. 3,834,912 397,412
  Coca-Cola Consolidated Inc. 1,799,982 345,129
* Darling Ingredients Inc. 5,040,934 311,782
  J M Smucker Co. 3,206,878 309,271
  Conagra Brands Inc. 15,209,075 239,087
  Brown-Forman Corp. Class B 8,914,355 235,696
* Sprouts Farmers Market Inc. 3,006,783 231,913
  Ingredion Inc. 1,990,498 224,250
  Hormel Foods Corp. 9,626,051 218,030
  Molson Coors Beverage Co. Class B 5,043,429 217,170
*,1 Celsius Holdings Inc. 6,090,054 216,075
  Albertsons Cos. Inc. Class A 11,421,304 194,619
  Lamb Weston Holdings Inc. 4,434,315 187,394
  Campbell's Co. 6,629,744 147,644
  Primo Brands Corp. Class A 7,522,072 141,641
* Post Holdings Inc. 1,297,648 128,286
  Cal-Maine Foods Inc. 1,309,215 103,624
* Freshpet Inc. 1,552,010 91,507
  WD-40 Co. 430,791 87,856
  Marzetti Co. 615,434 85,133
* United Natural Foods Inc. 1,836,712 82,762
* Vita Coco Co. Inc. 1,551,793 74,346
  Andersons Inc. 1,029,867 73,924
* Chefs' Warehouse Inc. 1,173,864 69,786
* BellRing Brands Inc. 3,668,279 59,023
  Pilgrim's Pride Corp. 1,510,082 57,021
* Boston Beer Co. Inc. Class A 233,055 53,696
  Spectrum Brands Holdings Inc. 710,513 52,365
  Turning Point Brands Inc. 583,977 50,683
  Flowers Foods Inc. 6,053,111 49,333
  Fresh Del Monte Produce Inc. 1,201,399 48,368
* Herbalife Ltd. 3,159,189 46,503
  Seaboard Corp. 7,526 42,552
  Ingles Markets Inc. Class A 456,777 41,060
  Universal Corp. 749,492 39,498
  J & J Snack Foods Corp. 497,419 39,430
* Simply Good Foods Co. 2,669,333 38,305
  Brown-Forman Corp. Class A 1,327,170 35,555
  Energizer Holdings Inc. 2,158,480 35,442
  Reynolds Consumer Products Inc. 1,644,211 34,824
* Guardian Pharmacy Services Inc. Class A 921,813 34,716
  Edgewell Personal Care Co. 1,460,363 31,164
  Weis Markets Inc. 426,008 29,135
* National Beverage Corp. 743,052 25,004
  Tootsie Roll Industries Inc. 553,307 23,637
* Seneca Foods Corp. Class A 148,587 22,454
  John B Sanfilippo & Son Inc. 271,498 21,538
  Oil-Dri Corp. of America 317,698 20,679
* Grocery Outlet Holding Corp. 2,913,366 20,539

          Shares Market
Value
($000)
  Utz Brands Inc. 2,211,531 17,515
* Mama's Creations Inc. 1,131,251 17,353
* Mission Produce Inc. 1,220,282 16,791
* Vital Farms Inc. 1,125,385 15,890
  Calavo Growers Inc. 530,530 13,682
  Village Super Market Inc. Class A 279,333 11,796
  B&G Foods Inc. 2,420,257 11,641
  Natural Grocers by Vitamin Cottage Inc. 414,490 10,715
  Nu Skin Enterprises Inc. Class A 1,465,550 10,669
* Nature's Sunshine Products Inc. 421,191 10,104
*,1 Beyond Meat Inc. 13,124,603 9,208
* Honest Co. Inc. 2,986,508 8,780
  MGP Ingredients Inc. 467,462 8,597
  ACCO Brands Corp. 2,774,494 8,324
  Limoneira Co. 573,925 7,702
*,1 Westrock Coffee Co. 1,622,010 6,894
  Alico Inc. 162,108 6,689
*,1 Olaplex Holdings Inc. 3,048,310 6,188
* USANA Health Sciences Inc. 350,035 6,115
*,1 Once Upon a Farm PBC 324,307 5,302
* Lifeway Foods Inc. 191,174 3,697
* Playboy Inc. 2,202,007 3,347
*,1 Medifast Inc. 318,980 3,250
*,1 Cibus Inc. 1,602,469 3,173
* HF Foods Group Inc. 1,214,624 2,247
*,1 Beauty Health Co. 2,483,652 2,210
* Hain Celestial Group Inc. 2,832,438 1,977
* GrowGeneration Corp. 1,687,323 1,856
* FitLife Brands Inc. 110,573 1,570
*,1 BRC Inc. Class A 1,840,182 1,428
* PetMed Express Inc. 602,795 1,374
* Zevia PBC Class A 1,163,145 1,361
1 Lifevantage Corp. 307,743 1,329
  AMCON Distributing Co. 11,386 1,289
* BranchOut Food Inc. 277,497 916
* Barfresh Food Group Inc. 249,922 702
* Farmer Bros Co. 500,967 636
  United-Guardian Inc. 90,264 598
* Natural Alternatives International Inc. 159,045 418
* Willamette Valley Vineyards Inc. 149,173 383
* Bridgford Foods Corp. 47,744 356
* Laird Superfood Inc. 125,737 270
* Mannatech Inc. 31,432 189
*,1 Local Bounti Corp. 127,432 148
  Coffee Holding Co. Inc. 19,302 82
* Synergy CHC Corp. 50,861 66
*,1 Wellgistics Health Inc. 101,276 10
            72,759,822
Energy (4.3%)
  Exxon Mobil Corp. 132,356,333 22,455,575
  Chevron Corp. 60,211,018 12,457,660
  ConocoPhillips 38,828,861 5,125,410
  Williams Cos. Inc. 38,806,212 2,824,316
  EOG Resources Inc. 17,038,201 2,463,213
  SLB Ltd. 47,501,176 2,441,085
  Valero Energy Corp. 9,497,767 2,346,708
  Phillips 66 12,727,732 2,318,738
  Marathon Petroleum Corp. 9,361,958 2,286,003
  Kinder Morgan Inc. 60,067,969 2,014,079
  Baker Hughes Co. 31,372,103 1,915,267
  ONEOK Inc. 19,999,241 1,807,731
  Cheniere Energy Inc. 6,343,124 1,799,925
  Targa Resources Corp. 6,823,547 1,710,868
  Occidental Petroleum Corp. 23,479,565 1,526,172
  EQT Corp. 19,833,191 1,262,184
  Diamondback Energy Inc. 6,273,031 1,240,743
  Devon Energy Corp. 19,687,224 990,661
  Halliburton Co. 23,951,591 933,873
  Texas Pacific Land Corp. 1,860,040 882,701

          Shares Market
Value
($000)
  TechnipFMC plc 12,700,719 878,001
  Expand Energy Corp. 7,636,791 838,367
  Coterra Energy Inc. 22,948,211 806,400
* First Solar Inc. 3,232,994 637,740
* Nextpower Inc. Class A 4,487,104 540,920
  Ovintiv Inc. 8,990,816 533,695
  Permian Resources Corp. Class A 24,481,582 521,947
  APA Corp. 11,202,709 475,443
  DT Midstream Inc. 3,236,067 435,801
* Antero Resources Corp. 9,340,222 396,399
  Range Resources Corp. 7,469,414 337,468
  HF Sinclair Corp. 4,972,999 310,265
  Viper Energy Inc. Class A 6,190,792 290,905
  BitMine Immersion Technologies Inc. 14,445,532 285,733
  Chord Energy Corp. 1,814,230 257,947
  Antero Midstream Corp. 10,516,159 239,768
  SM Energy Co. 7,576,698 236,241
  Matador Resources Co. 3,559,967 224,919
  Weatherford International plc 2,289,959 216,584
  NOV Inc. 11,416,082 214,737
* Transocean Ltd. 31,440,242 208,449
  Noble Corp. plc 4,051,714 198,818
  California Resources Corp. 2,697,761 186,739
  Archrock Inc. 5,237,912 182,279
  Murphy Oil Corp. 4,327,030 178,490
  Magnolia Oil & Gas Corp. Class A 5,504,769 173,786
* Valaris Ltd. 1,771,437 173,672
* CNX Resources Corp. 4,299,512 165,746
  Core Natural Resources Inc. 1,526,314 159,851
  Kodiak Gas Services Inc. 2,703,638 157,676
  Warrior Met Coal Inc. 1,680,285 156,519
* Enphase Energy Inc. 3,965,458 149,934
  Liberty Energy Inc. Class A 4,899,808 141,114
  PBF Energy Inc. Class A 2,787,457 132,739
  Patterson-UTI Energy Inc. 12,100,556 131,049
  Peabody Energy Corp. 3,886,417 128,057
* Oceaneering International Inc. 3,186,091 113,011
* Tidewater Inc. 1,349,393 112,742
  Crescent Energy Co. Class A 8,334,763 112,519
* Gulfport Energy Corp. 508,057 107,490
  Cactus Inc. Class A 2,189,545 103,719
  Helmerich & Payne Inc. 2,876,400 103,637
*,1 Plug Power Inc. 44,547,662 100,678
*,1 Centrus Energy Corp. Class A 572,082 99,308
* Calumet Inc. 2,630,754 94,444
* Par Pacific Holdings Inc. 1,478,084 92,587
  Northern Oil & Gas Inc. 3,165,321 92,522
* Seadrill Ltd. 1,883,535 85,701
  Solaris Energy Infrastructure Inc. Class A 1,480,017 83,636
  Delek US Holdings Inc. 1,843,271 83,076
1 Kinetik Holdings Inc. Class A 1,557,141 75,381
* DNOW Inc. 5,936,240 70,701
* Alpha Metallurgical Resources Inc. 326,744 67,071
  Venture Global Inc. Class A 3,819,887 60,201
* Talos Energy Inc. 3,811,726 60,073
* Expro Group Holdings NV 3,266,266 56,866
  Select Water Solutions Inc. Class A 3,569,425 54,612
* American Superconductor Corp. 1,462,288 49,498
* Comstock Resources Inc. 2,325,340 49,018
* ProPetro Holding Corp. 3,183,584 45,875
* Helix Energy Solutions Group Inc. 4,367,828 43,198
* REX American Resources Corp. 878,659 40,040
* Nabors Industries Ltd. 451,285 38,838
  Bristow Group Inc. Class A 768,981 36,058
* Innovex International Inc. 1,446,914 35,290
  World Kinect Corp. 1,521,539 35,102
* Shoals Technologies Group Inc. Class A 5,316,873 34,985
* NPK International Inc. 2,402,245 34,809
* Array Technologies Inc. 4,813,494 34,802
* Green Plains Inc. 2,084,301 34,287

          Shares Market
Value
($000)
1 Atlas Energy Solutions Inc. 2,578,532 33,830
* TETRA Technologies Inc. 3,802,518 32,397
*,1 NextDecade Corp. 4,206,133 32,219
* CVR Energy Inc. 952,061 32,037
* BKV Corp. 1,026,138 29,265
* Fluence Energy Inc. 2,062,401 28,379
* Ameresco Inc. Class A 981,495 25,028
*,1 T1 Energy Inc. 5,682,876 24,948
  RPC Inc. 3,115,780 22,060
* Ramaco Resources Inc. Class A 1,405,301 21,726
*,1 Solv Energy Inc. Class A 710,087 21,324
  Flowco Holdings Inc. Class A 1,033,223 21,284
* Forum Energy Technologies Inc. 358,626 21,037
  VAALCO Energy Inc. 3,270,938 20,738
* Oil States International Inc. 1,728,996 20,126
*,1 Gevo Inc. 7,217,382 19,703
* Solid Power Inc. 6,038,583 18,116
  Core Laboratories Inc. 1,065,400 17,888
  SunCoke Energy Inc. 2,689,258 17,507
1 Vitesse Energy Inc. 904,287 16,422
  Riley Exploration Permian Inc. 449,890 16,398
  SandRidge Energy Inc. 974,247 15,890
  Natural Gas Services Group Inc. 375,382 14,167
  Granite Ridge Resources Inc. 2,268,870 13,318
*,1 Energy Vault Holdings Inc. 3,772,300 12,449
* Summit Midstream Corp. 375,122 11,344
  Ranger Energy Services Inc. Class A 612,966 10,506
*,1 FuelCell Energy Inc. 1,579,754 10,316
  W&T Offshore Inc. 2,931,584 9,997
* Matrix Service Co. 839,781 9,641
* Ring Energy Inc. 5,510,254 8,431
* Infinity Natural Resources Inc. Class A 478,551 8,427
* Amplify Energy Corp. 1,207,681 7,536
*,1 Flotek Industries Inc. 425,160 7,215
*,1 American Resources Corp. 2,868,097 6,941
*,1 EVgo Inc. Class A 3,981,094 6,847
* Tigo Energy Inc. 1,666,803 6,267
  NACCO Industries Inc. Class A 118,304 6,148
*,1 Aemetis Inc. 1,885,657 6,015
  Energy Services of America Corp. 435,896 5,723
* SEACOR Marine Holdings Inc. 765,612 5,482
1 HighPeak Energy Inc. 778,371 5,371
*,1 Geospace Technologies Corp. 419,762 5,121
  Smart Sand Inc. 833,629 4,268
  Evolution Petroleum Corp. 876,529 4,015
  Epsilon Energy Ltd. 622,426 3,834
*,1 New Era Energy & Digital Inc. 930,900 3,779
*,1 New Fortress Energy Inc. Class A 5,675,916 3,349
  FutureFuel Corp. 806,980 3,107
*,1 ChargePoint Holdings Inc. 633,591 3,079
* DMC Global Inc. 577,739 3,010
*,1 SunPower Inc. 2,211,151 2,808
* Montauk Renewables Inc. 1,900,119 2,185
*,1 Stem Inc. 245,987 2,175
*,1 Ocean Power Technologies Inc. 6,132,208 2,146
1 Ramaco Resources Inc. Class B 199,959 2,040
*,1 OPAL Fuels Inc. Class A 728,296 1,835
*,1 MIND Technology Inc. 200,114 1,671
* PrimeEnergy Resources Corp. 6,963 1,621
* ARKO Petroleum Corp. Class A 90,135 1,613
* Mammoth Energy Services Inc. 533,692 1,308
* Drilling Tools International Corp. 290,378 1,257
* FTC Solar Inc. 325,415 1,230
*,1 EON Resources Inc. 1,367,144 1,135
*,1 Empire Petroleum Corp. 362,320 1,072
* KLX Energy Services Holdings Inc. 404,308 1,051
*,1 Battalion Oil Corp. 218,648 853
*,1 Stabilis Solutions Inc. 166,298 742
*,1 Beam Global 459,994 676
* Ideal Power Inc. 235,153 665

          Shares Market
Value
($000)
*,1 PEDEVCO Corp. 41,367 662
* NCS Multistage Holdings Inc. 8,929 552
  Mexco Energy Corp. 43,651 446
*,1 ESS Tech Inc. 363,181 425
* US Energy Corp. 407,503 360
* Barnwell Industries Inc. 237,296 256
*,1 SolarMax Technology Inc. 268,736 188
* Verde Clean Fuels Inc. 86,608 146
* Dawson Geophysical Co. 40,336 140
*,1,2 Novusterra Inc. 174,215
*,1,2 Next Bridge Hydrocarbons Inc. 1,659,601
            85,194,168
Financials (10.6%)
* Berkshire Hathaway Inc. Class B 56,820,749 27,228,503
  JPMorgan Chase & Co. 80,785,017 23,763,721
  Bank of America Corp. 197,580,777 9,632,063
  Wells Fargo & Co. 98,010,072 7,802,582
  Goldman Sachs Group Inc. 8,941,226 7,564,188
  Morgan Stanley 37,827,776 6,225,317
  Citigroup Inc. 53,630,242 6,082,206
  Charles Schwab Corp. 52,875,658 4,969,254
  Blackrock Inc. 4,447,191 4,276,908
  S&P Global Inc. 9,235,003 3,928,016
  Progressive Corp. 18,616,571 3,690,549
  Chubb Ltd. 11,178,863 3,643,527
  CME Group Inc. 11,392,669 3,364,825
  Intercontinental Exchange Inc. 18,042,542 2,837,731
  Blackstone Inc. 23,460,392 2,697,710
  Marsh & McLennan Cos. Inc. 15,382,015 2,668,010
  PNC Financial Services Group Inc. 12,804,038 2,664,392
  Bank of New York Mellon Corp. 21,816,571 2,588,100
  US Bancorp 49,299,206 2,564,052
  Moody's Corp. 4,787,463 2,088,531
  Aon plc Class A 6,467,595 2,087,610
  Travelers Cos. Inc. 6,864,125 2,002,128
  KKR & Co. Inc. 21,243,379 1,965,013
  Truist Financial Corp. 39,614,633 1,821,085
  Arthur J Gallagher & Co. 8,166,900 1,768,787
* Robinhood Markets Inc. Class A 25,098,248 1,739,309
  Allstate Corp. 8,240,610 1,708,608
  Aflac Inc. 14,762,806 1,619,627
  Apollo Global Management Inc. 12,861,769 1,433,058
  Nasdaq Inc. 16,254,679 1,379,860
  Fifth Third Bancorp 28,552,198 1,326,535
  Ameriprise Financial Inc. 2,896,588 1,287,244
  American International Group Inc. 17,041,421 1,282,367
  MetLife Inc. 17,601,178 1,244,755
  MSCI Inc. 2,217,752 1,195,390
  Hartford Insurance Group Inc. 8,753,921 1,183,793
* Coinbase Global Inc. Class A 6,731,624 1,175,409
  Prudential Financial Inc. 11,047,189 1,079,200
  State Street Corp. 8,408,078 1,064,126
* Arch Capital Group Ltd. 10,734,741 1,030,428
  Huntington Bancshares Inc. 64,504,683 1,009,498
  M&T Bank Corp. 4,736,936 979,219
  Cboe Global Markets Inc. 3,320,111 933,184
  Interactive Brokers Group Inc. Class A 13,424,260 900,365
  Willis Towers Watson plc 3,004,111 873,295
* Berkshire Hathaway Inc. Class A 1,153 828,015
  Raymond James Financial Inc. 5,577,578 807,578
  Northern Trust Corp. 5,607,815 782,683
  Cincinnati Financial Corp. 4,942,702 777,734
  LPL Financial Holdings Inc. 2,548,974 766,808
  Citizens Financial Group Inc. 12,782,216 766,549
  Ares Management Corp. Class A 6,669,668 727,661
* Markel Group Inc. 379,573 726,529
  Regions Financial Corp. 27,347,057 714,305
  KeyCorp 34,623,344 694,198
* SoFi Technologies Inc. 40,531,639 643,642

          Shares Market
Value
($000)
  T. Rowe Price Group Inc. 6,913,127 623,149
  Principal Financial Group Inc. 6,879,413 619,904
  Broadridge Financial Solutions Inc. 3,713,056 603,297
  W R Berkley Corp. 9,072,268 601,310
  Brown & Brown Inc. 9,200,068 599,936
  Loews Corp. 5,225,485 557,768
  First Citizens BancShares Inc. Class A 261,150 492,179
  Annaly Capital Management Inc. 22,765,653 481,494
  East West Bancorp Inc. 4,368,992 466,434
  Tradeweb Markets Inc. Class A 3,678,785 432,846
  Reinsurance Group of America Inc. 2,078,040 424,253
  Everest Group Ltd. 1,280,353 418,483
* Rocket Cos. Inc. Class A 29,095,208 414,607
  Pinnacle Financial Partners Inc. 4,803,247 413,752
  RenaissanceRe Holdings Ltd. 1,385,992 411,958
  Carlyle Group Inc. 8,018,831 388,031
  Fidelity National Financial Inc. 8,195,018 380,085
* Circle Internet Group Inc. Class A 3,782,022 360,843
  Unum Group 4,935,238 360,420
  Evercore Inc. Class A 1,193,524 356,279
  Webster Financial Corp. 5,114,144 355,024
1 AGNC Investment Corp. 35,091,412 351,967
  First Horizon Corp. 15,273,745 347,630
  Globe Life Inc. 2,493,877 347,073
  Ally Financial Inc. 8,812,319 345,707
  Stifel Financial Corp. 4,667,532 345,024
  Assurant Inc. 1,576,074 343,285
  Equitable Holdings Inc. 8,929,938 331,390
  Invesco Ltd. 13,359,423 324,500
  American Financial Group Inc. 2,377,770 303,665
  Wintrust Financial Corp. 2,126,450 295,449
  SouthState Bank Corp. 3,103,292 287,117
  Popular Inc. 2,091,205 280,577
  Old Republic International Corp. 7,006,902 279,575
  SEI Investments Co. 3,506,630 275,165
  Zions Bancorp NA 4,675,419 269,398
  Cullen/Frost Bankers Inc. 1,898,938 260,306
  Columbia Banking System Inc. 9,366,007 256,910
  FactSet Research Systems Inc. 1,176,612 255,313
  Primerica Inc. 1,015,131 254,270
  Houlihan Lokey Inc. Class A 1,715,512 246,382
  Old National Bancorp 11,131,592 246,008
  UMB Financial Corp. 2,168,360 244,569
  Kinsale Capital Group Inc. 697,294 238,237
  Jackson Financial Inc. Class A 2,239,503 236,760
  Axis Capital Holdings Ltd. 2,326,917 235,973
  Franklin Resources Inc. 9,928,547 234,512
  Western Alliance Bancorp 3,293,366 233,335
  Affiliated Managers Group Inc. 809,395 223,960
  FirstCash Holdings Inc. 1,188,956 223,524
* Clearwater Analytics Holdings Inc. Class A 9,348,231 221,086
  Commerce Bancshares Inc. 4,424,739 217,697
  Lincoln National Corp. 6,053,770 214,909
  Corebridge Financial Inc. 8,681,236 207,134
  Prosperity Bancshares Inc. 3,053,644 205,144
  Erie Indemnity Co. Class A 809,426 203,417
  OneMain Holdings Inc. 3,781,781 202,287
  Voya Financial Inc. 2,944,149 201,144
  Janus Henderson Group plc 3,892,707 199,968
1 Blue Owl Capital Inc. Class A 21,166,994 193,255
  Starwood Property Trust Inc. 11,104,208 191,214
  Jefferies Financial Group Inc. 4,599,022 189,802
  FNB Corp. 11,295,852 188,867
  United Bankshares Inc. 4,496,556 186,247
  MarketAxess Holdings Inc. 1,128,191 186,129
  First American Financial Corp. 3,079,730 185,677
  Valley National Bancorp 15,080,388 185,187
  Glacier Bancorp Inc. 4,143,972 185,111
  MGIC Investment Corp. 6,813,647 178,858
  TPG Inc. Class A 4,397,270 178,133

          Shares Market
Value
($000)
  Hanover Insurance Group Inc. 998,986 173,174
* StoneX Group Inc. 2,117,734 170,795
  White Mountains Insurance Group Ltd. 76,909 168,966
  Rithm Capital Corp. 17,809,108 168,830
  Hancock Whitney Corp. 2,643,451 168,097
  RLI Corp. 2,922,996 166,728
  Essent Group Ltd. 2,848,006 166,437
*,1 Chime Financial Inc. Class A 8,861,670 165,979
  Piper Sandler Cos. 2,147,837 164,417
  Atlantic Union Bankshares Corp. 4,540,542 162,279
  Ameris Bancorp 2,066,290 161,150
  Home BancShares Inc. 5,865,766 157,965
  Bank OZK 3,342,818 153,402
  Lazard Inc. 3,520,668 149,558
* Axos Financial Inc. 1,723,217 146,629
  Selective Insurance Group Inc. 1,905,343 143,644
  Radian Group Inc. 4,316,805 142,800
  Flagstar Bank NA 10,623,493 139,911
* Lemonade Inc. 2,190,440 137,297
  Moelis & Co. Class A 2,356,227 134,305
* Texas Capital Bancshares Inc. 1,406,384 133,438
  Federated Hermes Inc. Class B 2,328,729 132,062
* Riot Platforms Inc. 10,643,278 131,551
  Eastern Bankshares Inc. 6,715,126 131,348
  Associated Banc-Corp 4,964,695 128,387
  SLM Corp. 5,985,777 128,155
  Ryan Specialty Holdings Inc. Class A 3,725,380 125,694
  Hamilton Lane Inc. Class A 1,257,325 124,978
  StepStone Group Inc. Class A 2,568,993 122,592
  International Bancshares Corp. 1,776,418 119,535
  United Community Banks Inc. 3,776,879 118,934
  ServisFirst Bancshares Inc. 1,632,762 118,914
  Fulton Financial Corp. 5,782,471 117,615
  Independent Bank Corp. 1,563,074 117,559
  CNO Financial Group Inc. 2,859,938 117,429
  Morningstar Inc. 692,648 117,092
  First Financial Bankshares Inc. 3,910,129 115,153
  BGC Group Inc. Class A 11,602,038 113,468
  Virtu Financial Inc. Class A 2,573,896 113,200
  Assured Guaranty Ltd. 1,379,566 112,407
  WSFS Financial Corp. 1,680,637 110,014
  Renasant Corp. 3,036,102 109,694
* Brighthouse Financial Inc. 1,817,065 108,806
*,1 Galaxy Digital Inc. Class A 5,802,459 107,055
  Victory Capital Holdings Inc. Class A 1,630,638 106,774
  WesBanco Inc. 3,090,703 106,598
  First Bancorp 4,967,172 106,099
  BankUnited Inc. 2,337,195 105,548
* Enova International Inc. 764,242 103,807
  PJT Partners Inc. Class A 736,170 102,858
* Genworth Financial Inc. Class A 12,628,185 102,541
* Palomar Holdings Inc. 855,357 102,215
  Cathay General Bancorp 2,037,090 101,569
  Community Financial System Inc. 1,697,827 99,578
  Blackstone Mortgage Trust Inc. Class A 5,173,089 99,065
  Bread Financial Holdings Inc. 1,299,782 97,341
  Seacoast Banking Corp. of Florida 3,160,586 95,734
  Bank of Hawaii Corp. 1,278,772 94,949
  First Hawaiian Inc. 3,850,724 94,882
  Towne Bank 2,800,927 94,307
*,1 MARA Holdings Inc. 11,452,980 93,456
* NMI Holdings Inc. Class A 2,448,153 91,830
  First Interstate BancSystem Inc. Class A 2,725,327 91,026
* Oscar Health Inc. Class A 7,926,208 90,914
  Simmons First National Corp. Class A 4,671,714 90,865
  BancFirst Corp. 813,329 88,246
  First Financial Bancorp 3,159,564 88,089
  Nicolet Bankshares Inc. 582,141 86,518
  Park National Corp. 528,811 86,434
  Provident Financial Services Inc. 3,935,163 83,268

          Shares Market
Value
($000)
  Beacon Financial Corp. 2,687,160 80,615
  PennyMac Financial Services Inc. 916,448 80,098
  Banc of California Inc. 4,550,315 79,995
  CVB Financial Corp. 4,037,801 78,293
  Artisan Partners Asset Management Inc. Class A 2,137,255 77,775
  Dynex Capital Inc. 6,092,612 77,742
  Mercury General Corp. 881,386 77,694
  WaFd Inc. 2,441,232 76,655
  Trustmark Corp. 1,785,822 75,255
  First Merchants Corp. 1,934,641 74,929
  BOK Financial Corp. 577,061 73,898
* SiriusPoint Ltd. 3,418,216 73,628
  FB Financial Corp. 1,390,909 72,244
  First Bancorp (XNGS) 1,268,636 71,488
* Bancorp Inc. 1,267,991 68,129
* Customers Bancorp Inc. 976,904 67,807
  NBT Bancorp Inc. 1,587,014 67,575
*,1 Upstart Holdings Inc. 2,626,346 67,366
  Banner Corp. 1,085,431 65,864
*,1 Sable Offshore Corp. 3,962,154 65,455
  First Busey Corp. 2,566,477 64,855
* Dave Inc. 367,562 63,989
1 ARMOUR Residential REIT Inc. 3,782,145 63,086
  Enterprise Financial Services Corp. 1,132,111 61,259
  Stewart Information Services Corp. 960,478 59,146
1 WisdomTree Inc. 4,027,531 58,641
  Northwest Bancshares Inc. 4,616,771 58,587
*,1 Credit Acceptance Corp. 137,077 58,047
  Kemper Corp. 1,869,010 57,117
  Cohen & Steers Inc. 903,984 56,544
  OFG Bancorp 1,383,075 55,959
  Horace Mann Educators Corp. 1,302,402 55,587
* Baldwin Insurance Group Inc. Class A 2,506,034 54,982
  HCI Group Inc. 355,461 54,958
  First Commonwealth Financial Corp. 3,106,529 54,613
  Stock Yards Bancorp Inc. 818,070 54,230
  Stellar Bancorp Inc. 1,478,261 54,119
  Nelnet Inc. Class A 400,475 51,645
* Skyward Specialty Insurance Group Inc. 1,171,637 51,177
  City Holding Co. 427,866 51,139
  National Bank Holdings Corp. Class A 1,301,457 50,965
* LendingClub Corp. 3,502,627 50,158
  S&T Bancorp Inc. 1,186,139 49,616
  Apollo Commercial Real Estate Finance Inc. 4,502,671 47,548
  Bank First Corp. 345,926 46,721
* Encore Capital Group Inc. 665,726 46,681
  Walker & Dunlop Inc. 1,041,664 46,229
  Acadian Asset Management Inc. 835,413 45,463
  Dime Community Bancshares Inc. 1,344,221 45,462
  Lakeland Financial Corp. 790,171 45,340
  German American Bancorp Inc. 1,072,366 44,814
  Hilltop Holdings Inc. 1,246,472 44,649
* EZCORP Inc. Class A 1,744,492 44,275
  Pathward Financial Inc. 492,258 43,924
  Hope Bancorp Inc. 3,888,076 43,430
  QCR Holdings Inc. 505,333 43,181
1 Orchid Island Capital Inc. 6,077,626 42,726
* Triumph Financial Inc. 707,913 42,234
  Federal Agricultural Mortgage Corp. Class C 283,745 42,094
  TriCo Bancshares 883,837 42,018
  Ellington Financial Inc. 3,531,315 41,846
  Westamerica Bancorp 793,788 41,396
  ConnectOne Bancorp Inc. 1,533,011 41,039
* Miami International Holdings Inc. 1,042,078 40,558
  Origin Bancorp Inc. 974,094 40,386
* ProAssurance Corp. 1,613,962 39,897
*,1 TIC Solutions Inc. 5,984,564 39,378
*,1 Slide Insurance Holdings Inc. 2,168,467 39,032
1 Arbor Realty Trust Inc. 5,042,397 38,877
  Two Harbors Investment Corp. 3,361,441 38,388

          Shares Market
Value
($000)
  Enact Holdings Inc. 923,771 37,699
  1st Source Corp. 541,872 37,503
  Live Oak Bancshares Inc. 1,076,367 35,595
  Peoples Bancorp Inc. 1,063,966 34,973
  Heritage Financial Corp. 1,343,395 34,928
  Ladder Capital Corp. 3,505,725 34,251
  Safety Insurance Group Inc. 470,500 34,177
  F&G Annuities & Life Inc. 1,322,666 33,490
  Preferred Bank 364,038 33,015
* Goosehead Insurance Inc. Class A 767,589 32,745
  Old Second Bancorp Inc. 1,610,374 32,465
  Tompkins Financial Corp. 410,309 32,349
  PennyMac Mortgage Investment Trust 2,748,832 32,051
  MFA Financial Inc. 3,300,522 31,619
  OceanFirst Financial Corp. 1,730,465 31,218
  Chimera Investment Corp. 2,481,733 31,146
* Coastal Financial Corp. 403,107 30,676
  Community Trust Bancorp Inc. 505,203 30,676
  Metropolitan Bank Holding Corp. 366,954 30,564
  Univest Financial Corp. 872,388 29,888
  UWM Holdings Corp. Class A 8,045,513 29,125
  Amerant Bancorp Inc. Class A 1,296,447 28,574
  Oppenheimer Holdings Inc. Class A 312,736 27,893
  Southside Bancshares Inc. 897,062 27,890
  Virtus Investment Partners Inc. 207,136 27,829
  Merchants Bancorp 648,290 27,818
  Business First Bancshares Inc. 1,027,264 27,777
  Universal Insurance Holdings Inc. 808,842 27,630
  First Mid Bancshares Inc. 664,318 27,363
  Byline Bancorp Inc. 863,632 27,265
  CNB Financial Corp. 931,816 26,985
  Employers Holdings Inc. 648,184 26,666
  Capitol Federal Financial Inc. 3,727,021 26,574
  Horizon Bancorp Inc. 1,598,781 26,492
  Camden National Corp. 556,557 26,409
  TrustCo Bank Corp. 598,824 26,217
  United Fire Group Inc. 700,121 25,946
* Trupanion Inc. 1,012,038 25,918
  NB Bancorp Inc. 1,229,005 25,895
  Central Pacific Financial Corp. 805,025 25,729
*,1 Accelerant Holdings Class A 1,880,740 25,127
  Mercantile Bank Corp. 494,837 24,989
  Burke & Herbert Financial Services Corp. 400,806 24,966
  Hanmi Financial Corp. 945,841 24,932
  Esquire Financial Holdings Inc. 227,839 24,493
  Northeast Bank 215,269 24,190
  TFS Financial Corp. 1,708,395 24,003
  Heritage Commerce Corp. 1,893,322 23,629
  First Community Bankshares Inc. 564,161 23,424
  Farmers National Banc Corp. 1,779,528 23,419
  Redwood Trust Inc. 4,140,810 23,230
  Safehold Inc. 1,688,916 22,851
  Equity Bancshares Inc. Class A 511,559 22,718
* Porch Group Inc. 3,125,700 22,411
  BrightSpire Capital Inc. Class A 3,963,742 22,197
  Mechanics Bancorp Class A 1,495,374 22,057
  Amalgamated Financial Corp. 567,409 22,055
  HomeTrust Bancshares Inc. 513,163 21,886
  Franklin BSP Realty Trust Inc. 2,564,870 21,776
  Independent Bank Corp. (Michigan) 653,200 21,752
  Eagle Bancorp Inc. 855,089 21,266
  Mid Penn Bancorp Inc. 660,785 21,251
  Orrstown Financial Services Inc. 581,221 20,970
  First Financial Corp. 331,610 20,958
  Washington Trust Bancorp Inc. 621,701 20,802
  AMERISAFE Inc. 617,455 20,580
* PRA Group Inc. 1,169,220 20,461
  Adamas Trust Inc. 2,764,819 20,349
  Southern Missouri Bancorp Inc. 316,895 20,262
1 Invesco Mortgage Capital Inc. 2,496,775 20,174

          Shares Market
Value
($000)
  Capital City Bank Group Inc. 453,484 19,708
  SmartFinancial Inc. 497,845 19,456
* Heritage Insurance Holdings Inc. 730,399 19,173
  Republic Bancorp Inc. Class A 267,506 18,873
  Financial Institutions Inc. 595,014 18,868
  Shore Bancshares Inc. 1,004,786 18,769
  Great Southern Bancorp Inc. 294,440 18,588
  GCM Grosvenor Inc. Class A 1,895,495 18,576
  Metrocity Bankshares Inc. 632,357 18,130
  TPG RE Finance Trust Inc. 2,273,758 17,758
* Firstsun Capital Bancorp 477,463 17,408
  Peapack-Gladstone Financial Corp. 492,011 17,324
*,1 Strive Inc. Class A 1,720,374 17,238
  South Plains Financial Inc. 410,614 17,205
  Bar Harbor Bankshares 528,604 17,153
  Five Star Bancorp 454,201 17,132
  Northfield Bancorp Inc. 1,250,716 16,935
* Third Coast Bancshares Inc. 442,269 16,731
* Carter Bankshares Inc. 715,016 16,674
  Navient Corp. 2,028,039 16,589
  Compass Diversified Holdings 2,109,785 16,583
  Jefferson Capital Inc. 834,462 16,047
* Hippo Holdings Inc. 610,860 15,919
  Northrim Bancorp Inc. 691,200 15,815
  Flushing Financial Corp. 1,024,053 15,729
  Arrow Financial Corp. 467,287 15,687
  Alerus Financial Corp. 656,301 15,561
* Root Inc. Class A 347,062 15,330
  Cannae Holdings Inc. 1,318,771 14,994
* Columbia Financial Inc. 849,627 14,877
* Hagerty Inc. Class A 1,405,755 14,803
  Peoples Financial Services Corp. 276,856 14,765
  Hingham Institution For Savings 51,032 14,587
* LendingTree Inc. 340,044 14,581
  Midland States Bancorp Inc. 648,413 14,466
  Ridgepost Capital Inc. Class A 1,990,399 14,450
*,1 Neptune Insurance Holdings Inc. Class A 593,843 14,365
  Diamond Hill Investment Group Inc. 82,959 14,277
  ACNB Corp. 297,436 14,238
  Civista Bancshares Inc. 612,195 13,952
  Colony Bankcorp Inc. 696,674 13,913
* Bowhead Specialty Holdings Inc. 617,948 13,861
* First Foundation Inc. 2,327,219 13,731
* Southern First Bancshares Inc. 250,477 13,651
  Northpointe Bancshares Inc. 789,380 13,625
  California Bancorp 765,386 13,563
  Red River Bancshares Inc. 149,412 13,513
  Sierra Bancorp 391,362 13,275
  ChoiceOne Financial Services Inc. 465,202 13,081
  Kearny Financial Corp. 1,721,464 12,997
  First Business Financial Services Inc. 237,417 12,804
  Home Bancorp Inc. 210,317 12,741
  Community West Bancshares 532,063 12,397
  West Bancorp Inc. 506,241 12,043
  Tiptree Inc. Class A 706,440 11,953
  Investar Holding Corp. 437,184 11,922
  BayCom Corp. 400,768 11,913
  Avidia Bancorp Inc. 589,649 11,598
  Bank of Marin Bancorp 449,016 11,508
* Bridgewater Bancshares Inc. 643,868 11,396
  Unity Bancorp Inc. 219,502 11,377
* World Acceptance Corp. 84,008 11,344
  Citizens & Northern Corp. 503,422 11,246
1 Abacus Global Management Inc. 1,426,245 11,239
  First Bank 701,579 11,225
*,1 Wealthfront Corp. 1,207,450 11,169
  RBB Bancorp 506,796 10,830
  Orange County Bancorp Inc. 337,803 10,803
  Capital Bancorp Inc. 354,580 10,545
*,1 Better Home & Finance Holding Co. Class A 294,192 10,479

          Shares Market
Value
($000)
* Ponce Financial Group Inc. 621,846 10,391
  KKR Real Estate Finance Trust Inc. 1,683,938 10,306
  HBT Financial Inc. 374,526 10,007
  Farmers & Merchants Bancorp Inc. 379,109 9,732
  Plumas Bancorp 197,752 9,654
  Primis Financial Corp. 726,061 9,642
  Bankwell Financial Group Inc. 197,121 9,564
  Parke Bancorp Inc. 334,790 9,508
  Timberland Bancorp Inc. 239,886 9,459
  Waterstone Financial Inc. 524,148 9,450
  FS Bancorp Inc. 244,862 9,449
  Donegal Group Inc. Class A 548,794 9,428
  PCB Bancorp 413,107 9,291
  NewtekOne Inc. 828,408 9,071
  Investors Title Co. 41,538 9,028
  Norwood Financial Corp. 304,220 8,950
* Claros Mortgage Trust Inc. 3,731,381 8,881
  MVB Financial Corp. 355,925 8,838
  Northeast Community Bancorp Inc. 367,678 8,751
1 Isabella Bank Corp. 188,324 8,601
  Citizens Financial Services Inc. 140,013 8,562
  Western New England Bancorp Inc. 661,545 8,554
  Blue Ridge Bankshares Inc. 2,023,837 8,500
* MBIA Inc. 1,431,336 8,459
  Ames National Corp. 295,313 8,334
  First Bancorp Inc. 294,905 8,266
*,1 GBank Financial Holdings Inc. 303,078 8,110
  Regional Management Corp. 242,298 7,814
*,1 Innventure Inc. 1,997,799 7,811
  Ares Commercial Real Estate Corp. 1,622,773 7,789
  American Coastal Insurance Corp. 688,548 7,746
  CoastalSouth Bancshares Inc. 314,100 7,724
  John Marshall Bancorp Inc. 379,425 7,695
  FVCBankcorp Inc. 503,086 7,642
* Onity Group Inc. 194,546 7,640
  Oak Valley Bancorp 234,403 7,602
  Crawford & Co. Class B 734,208 7,445
* Blue Foundry Bancorp 561,815 7,438
1 Ready Capital Corp. 4,570,789 7,405
* FB Bancorp Inc. 532,924 7,322
  First Community Corp. 249,021 7,279
  James River Group Holdings Inc. 1,155,297 7,278
* TWFG Inc. Class A 394,152 7,248
  First United Corp. 195,054 7,147
*,1 Citizens Inc. Class A 1,418,858 7,137
  American Integrity Insurance Group Inc. 368,687 7,108
* Avidbank Holdings Inc. 248,746 7,089
  C&F Financial Corp. 96,944 7,071
  USCB Financial Holdings Inc. 370,796 6,875
  Chemung Financial Corp. 127,422 6,858
  National Bankshares Inc. 187,913 6,842
  Franklin Financial Services Corp. 133,496 6,819
  Meridian Corp. 359,042 6,807
  Citizens Community Bancorp Inc. 334,752 6,628
  Peoples Bancorp of North Carolina Inc. 168,956 6,616
  Eagle Financial Services Inc. 187,494 6,559
* Velocity Financial Inc. 361,986 6,548
  OppFi Inc. 845,857 6,522
  Virginia National Bankshares Corp. 169,113 6,460
* Octave Specialty Group Inc. 1,384,276 6,437
* First Western Financial Inc. 259,432 6,377
  LINKBANCORP Inc. 764,300 6,374
  TPG Mortgage Investment Trust Inc. 870,521 6,364
  Princeton Bancorp Inc. 187,298 6,325
  Commercial Bancgroup Inc. 242,000 6,297
  First National Corp. 233,248 6,279
  Hawthorn Bancshares Inc. 179,258 6,039
  LCNB Corp. 384,776 5,999
  Fidelity D&D Bancorp Inc. 136,089 5,890
  Seven Hills Realty Trust 708,411 5,823

          Shares Market
Value
($000)
  Chicago Atlantic Real Estate Finance Inc. 509,627 5,769
1 NexPoint Diversified Real Estate Trust 1,228,133 5,735
  Bank7 Corp. 142,720 5,692
* Pioneer Bancorp Inc. 403,223 5,613
  Medallion Financial Corp. 655,273 5,609
  OP Bancorp 417,458 5,552
* Ategrity Specialty Holdings LLC 277,366 5,484
  First Capital Inc. 109,184 5,419
  Community Bancorp 173,245 5,388
* BV Financial Inc. 275,117 5,266
* Oportun Financial Corp. 1,132,000 5,219
  Eagle Bancorp Montana Inc. 251,272 5,171
  Kingstone Cos. Inc. 353,564 5,151
  Ohio Valley Banc Corp. 116,676 5,117
  MainStreet Bancshares Inc. 229,832 5,102
* Kingsway Financial Services Inc. 485,347 5,062
  Angel Oak Mortgage REIT Inc. 605,083 4,974
* ECB Bancorp Inc. 295,785 4,948
  First Internet Bancorp 242,202 4,936
* Security National Financial Corp. Class A 518,045 4,911
  Richmond Mutual Bancorp Inc. 358,398 4,863
  CB Financial Services Inc. 141,499 4,836
* loanDepot Inc. Class A 3,375,204 4,793
  SB Financial Group Inc. 225,384 4,733
1 SR Bancorp Inc. 274,557 4,635
* ACRES Commercial Realty Corp. 239,441 4,626
  Greene County Bancorp Inc. 205,500 4,605
  United Security Bancshares 426,776 4,485
* Finwise Bancorp 281,401 4,463
*,1 Patriot National Bancorp Inc. 3,392,720 4,377
* Finance of America Cos. Inc. Class A 254,200 4,220
*,1 BRC Group Holdings Inc. 574,871 4,208
  Hanover Bancorp Inc. 192,471 4,155
  Finward Bancorp 111,889 4,062
  BCB Bancorp Inc. 447,048 4,014
* AlTi Global Inc. 1,103,932 3,996
  Westwood Holdings Group Inc. 242,367 3,992
  CF Bankshares Inc. 141,951 3,962
*,1 Hoyne Bancorp Inc. 273,500 3,959
*,1 Ethos Technologies Inc. Class A 350,925 3,920
* Open Lending Corp. 3,127,071 3,909
  Landmark Bancorp Inc. 148,231 3,676
  Sound Financial Bancorp Inc. 78,818 3,445
  Riverview Bancorp Inc. 614,975 3,382
*,1 Bakkt Inc. Class A 453,317 3,336
  Nexpoint Real Estate Finance Inc. 235,480 3,172
* Chain Bridge Bancorp Inc. Class A 88,229 3,079
* Sui Group Holdings Ltd. 2,497,639 3,022
  Rithm Property Trust Inc. 221,990 2,972
  Provident Financial Holdings Inc. 174,616 2,815
  Silvercrest Asset Management Group Inc. Class A 204,529 2,749
* Selectquote Inc. 4,268,452 2,687
1 Cherry Hill Mortgage Investment Corp. 1,073,988 2,685
  Union Bankshares Inc. 107,198 2,607
*,1 DeFi Development Corp. 789,280 2,597
  Sunrise Realty Trust Inc. 332,338 2,549
* Fifth District Bancorp Inc. 171,731 2,545
* Catalyst Bancorp Inc. 147,942 2,450
* NI Holdings Inc. 187,610 2,418
* Consumer Portfolio Services Inc. 309,206 2,390
* Summit State Bank 178,010 2,380
1 SWK Holdings Corp. 135,788 2,310
  Bank of the James Financial Group Inc. 111,400 2,295
*,1 Hyperscale Data Inc. 14,980,066 2,253
  Granite Point Mortgage Trust Inc. 1,537,591 2,229
* Rhinebeck Bancorp Inc. 136,223 2,101
  First Northwest Bancorp 241,236 2,094
*,1 Prairie Operating Co. 1,031,077 2,093
*,1 Gemini Space Station Inc. Class A 461,323 2,039
  Kestrel Group Ltd. 185,307 2,001

          Shares Market
Value
($000)
* Affinity Bancshares Inc. 86,927 1,935
*,1 Fold Holdings Inc. 1,459,428 1,926
* Broadway Financial Corp. 256,840 1,865
* Heritage Global Inc. 1,360,167 1,850
*,1 Realloys Inc. 189,417 1,849
* Central Plains Bancshares Inc. 107,605 1,841
  Hennessy Advisors Inc. 181,566 1,770
* First Seacoast Bancorp 140,523 1,765
* NSTS Bancorp Inc. 146,297 1,706
* Winchester Bancorp Inc. 132,140 1,678
*,1,3 FG Nexus Inc. 335,613 1,675
  AmeriServ Financial Inc. 448,326 1,623
1 Mount Logan Capital Inc. 441,158 1,579
  First Guaranty Bancshares Inc. 191,786 1,557
  Sachem Capital Corp. 1,534,601 1,550
*,1 GCT Semiconductor Holding Inc. 1,204,946 1,374
  Lument Finance Trust Inc. 963,933 1,215
* OptimumBank Holdings Inc. 237,870 1,213
* Bogota Financial Corp. 138,283 1,175
  Manhattan Bridge Capital Inc. 260,321 1,158
  Pathfinder Bancorp Inc. 88,500 1,129
*,1 Exodus Movement Inc. Class A 165,759 1,077
* eHealth Inc. 819,051 1,057
  US Global Investors Inc. Class A 369,298 916
  MarketWise Inc. 43,045 806
  Marathon Bancorp Inc. 55,400 750
  Bayfirst Financial Corp. 110,025 699
* Great Elm Group Inc. 365,330 683
* NeuroOne Medical Technologies Corp. 854,573 664
*,1 Siebert Financial Corp. 322,275 619
*,1 Health In Tech Inc. Class A 405,996 589
  Texas Community Bancshares Inc. 31,336 549
  Crawford & Co. Class A 50,110 500
  First US Bancshares Inc. 32,390 496
* Daxor Corp. 48,280 469
*,1 Katapult Holdings Inc. 64,323 454
  Home Federal Bancorp Inc. of Louisiana 25,388 439
  Advanced Flower Capital Inc. 149,709 422
  United Bancorp Inc. 26,944 410
  Auburn National Bancorp Inc. 13,944 333
* Bitgo Holdings Inc. Class A 32,480 267
*,1 Bitcoin Depot Inc. 107,174 234
  Cohen & Co. Inc. 15,179 229
*,1 Binah Capital Group Inc. 95,202 191
* GoHealth Inc. Class A 116,874 176
*,1 Eva Live Inc. 46,683 175
*,1 Worksport Ltd. 90,344 95
* Kentucky First Federal Bancorp 18,651 80
* Aether Holdings Inc. 9,256 22
*,2 Sterling Bancorp Inc. 1,048,885
            210,615,490
Health Care (9.7%)
  Eli Lilly & Co. 26,970,250 24,806,427
  Johnson & Johnson 76,552,553 18,712,506
  AbbVie Inc. 56,170,913 12,216,612
  Merck & Co. Inc. 78,542,379 9,447,863
  UnitedHealth Group Inc. 28,774,763 7,786,163
  Amgen Inc. 17,126,249 6,025,871
  Thermo Fisher Scientific Inc. 11,799,485 5,799,801
  Abbott Laboratories 55,194,742 5,666,844
  Gilead Sciences Inc. 39,440,216 5,496,783
* Intuitive Surgical Inc. 11,280,726 5,200,302
  Pfizer Inc. 180,637,864 5,072,311
  Bristol-Myers Squibb Co. 64,699,711 3,924,037
  Danaher Corp. 20,216,009 3,832,955
* Vertex Pharmaceuticals Inc. 8,071,708 3,604,340
  Stryker Corp. 10,938,910 3,594,416
  Medtronic plc 40,772,299 3,532,920
* Boston Scientific Corp. 47,133,945 2,957,655

          Shares Market
Value
($000)
  Regeneron Pharmaceuticals Inc. 3,301,618 2,550,962
  HCA Healthcare Inc. 4,972,366 2,353,122
  Cigna Group 8,371,427 2,233,078
  Elevance Health Inc. 7,011,302 2,052,559
  Cardinal Health Inc. 7,472,209 1,578,952
* Edwards Lifesciences Corp. 18,446,396 1,477,187
  Zoetis Inc. 12,073,685 1,427,230
  Becton Dickinson & Co. 9,041,888 1,421,656
* IDEXX Laboratories Inc. 2,528,579 1,420,783
* Alnylam Pharmaceuticals Inc. 4,217,053 1,395,296
* Insmed Inc. 6,852,426 1,120,509
  ResMed Inc. 4,626,461 1,038,548
  Agilent Technologies Inc. 8,983,659 1,023,957
  GE HealthCare Technologies Inc. 13,735,561 977,697
* Waters Corp. 3,118,618 928,724
* IQVIA Holdings Inc. 5,390,907 919,365
* Biogen Inc. 4,656,418 853,661
* Natera Inc. 4,211,760 842,310
* Veeva Systems Inc. Class A 4,702,812 826,096
* United Therapeutics Corp. 1,392,969 826,003
* Dexcom Inc. 12,225,879 767,785
  Labcorp Holdings Inc. 2,617,163 698,285
  STERIS plc 3,110,255 687,771
  Quest Diagnostics Inc. 3,489,210 683,815
  Humana Inc. 3,829,534 664,003
* Revolution Medicines Inc. 5,984,619 582,004
  West Pharmaceutical Services Inc. 2,292,722 574,648
* Moderna Inc. 11,299,571 574,018
* Illumina Inc. 4,602,863 567,349
  Zimmer Biomet Holdings Inc. 6,209,866 561,496
* Hologic Inc. 7,100,704 536,742
* Tenet Healthcare Corp. 2,761,885 521,195
* Centene Corp. 15,654,588 512,531
* Incyte Corp. 5,377,744 506,153
  Viatris Inc. 36,475,829 492,788
*,1 Medline Inc. Class A 10,699,425 476,124
* Insulet Corp. 2,241,464 470,349
* Cooper Cos. Inc. 6,192,457 442,761
* Neurocrine Biosciences Inc. 3,197,284 421,210
* Bridgebio Pharma Inc. 5,559,652 412,860
* Roivant Sciences Ltd. 14,797,165 409,881
* Penumbra Inc. 1,184,445 388,936
* Elanco Animal Health Inc. 15,829,534 378,801
*,1 Ionis Pharmaceuticals Inc. 4,996,832 375,212
* Align Technology Inc. 2,170,353 372,064
  Ensign Group Inc. 1,842,729 371,310
* Guardant Health Inc. 3,959,812 365,768
* Jazz Pharmaceuticals plc 1,858,128 351,279
* BioMarin Pharmaceutical Inc. 6,122,846 345,880
* Medpace Holdings Inc. 718,322 344,931
* Exelixis Inc. 7,859,686 337,102
  Revvity Inc. 3,552,256 311,213
* Globus Medical Inc. Class A 3,578,276 308,304
* Madrigal Pharmaceuticals Inc. 586,517 307,024
* Solventum Corp. 4,698,993 306,844
  Encompass Health Corp. 3,155,698 305,251
  Universal Health Services Inc. Class B 1,622,763 290,426
* Praxis Precision Medicines Inc. 885,471 285,290
  Baxter International Inc. 16,391,903 275,384
* Charles River Laboratories International Inc. 1,566,310 270,188
* Vaxcyte Inc. 4,587,522 266,581
* Arrowhead Pharmaceuticals Inc. 4,227,976 265,094
  Bio-Techne Corp. 4,980,800 260,297
* Masimo Corp. 1,452,763 258,403
* Cytokinetics Inc. 3,904,202 257,326
* Halozyme Therapeutics Inc. 3,737,645 241,564
* Axsome Therapeutics Inc. 1,386,816 234,400
* Henry Schein Inc. 3,096,236 228,193
* HealthEquity Inc. 2,715,194 226,909
* Molina Healthcare Inc. 1,636,738 218,177

          Shares Market
Value
($000)
* Protagonist Therapeutics Inc. 2,038,149 214,821
* Krystal Biotech Inc. 830,915 214,642
* Arcellx Inc. 1,850,462 212,470
* Repligen Corp. 1,708,063 201,244
* BrightSpring Health Services Inc. 4,569,920 194,724
* Glaukos Corp. 1,766,912 190,226
* Rhythm Pharmaceuticals Inc. 2,177,436 189,372
* Cogent Biosciences Inc. 4,909,213 188,956
* Alkermes plc 5,281,484 186,753
* PTC Therapeutics Inc. 2,634,112 179,462
* Nuvalent Inc. Class A 1,747,593 179,041
* Kymera Therapeutics Inc. 2,082,957 173,489
* Terns Pharmaceuticals Inc. 3,285,241 173,198
* Avantor Inc. 21,744,548 170,477
  Chemed Corp. 451,279 170,466
* Mirum Pharmaceuticals Inc. 1,826,094 168,695
  Teleflex Inc. 1,409,495 168,590
* Bio-Rad Laboratories Inc. Class A 593,422 165,416
* DaVita Inc. 1,065,996 163,833
*,1 Tempus AI Inc. Class A 3,587,167 162,212
* TG Therapeutics Inc. 4,820,157 160,126
* Lantheus Holdings Inc. 2,054,798 155,856
* Apogee Therapeutics Inc. 1,841,048 154,961
* Celcuity Inc. 1,335,814 152,470
* CG oncology Inc. 2,195,035 148,560
* Amicus Therapeutics Inc. 10,036,325 145,125
*,1 Hims & Hers Health Inc. 6,642,531 137,899
* Apellis Pharmaceuticals Inc. 3,424,564 137,770
* Scholar Rock Holding Corp. 2,788,391 137,077
* Erasca Inc. 8,312,514 134,496
* Option Care Health Inc. 4,963,327 133,613
* Envista Holdings Corp. 5,181,412 131,452
* Dianthus Therapeutics Inc. 1,566,017 131,420
* Merit Medical Systems Inc. 1,888,934 130,204
* RadNet Inc. 2,211,523 123,602
  Bruker Corp. 3,388,366 122,388
* Crinetics Pharmaceuticals Inc. 3,351,384 121,722
* IRhythm Holdings Inc. 1,028,282 121,358
* Indivior Pharmaceuticals Inc. 3,971,054 121,038
* Ligand Pharmaceuticals Inc. 594,921 118,776
* Corcept Therapeutics Inc. 2,854,493 115,065
* Viking Therapeutics Inc. 3,507,697 114,140
* Spyre Therapeutics Inc. 2,219,560 111,955
* Sotera Health Co. 7,693,771 110,329
* Alignment Healthcare Inc. 5,853,187 103,133
* TransMedics Group Inc. 1,037,117 103,100
* ICU Medical Inc. 793,147 102,435
* Brookdale Senior Living Inc. 7,210,352 98,638
* Integer Holdings Corp. 1,085,352 95,511
* Doximity Inc. Class A 4,041,096 94,158
* Catalyst Pharmaceuticals Inc. 3,713,037 91,935
* Edgewise Therapeutics Inc. 2,865,531 90,264
* Tarsus Pharmaceuticals Inc. 1,282,734 89,984
* ACADIA Pharmaceuticals Inc. 4,036,840 89,860
* Supernus Pharmaceuticals Inc. 1,732,641 89,560
* Ideaya Biosciences Inc. 2,669,292 88,941
* Waystar Holding Corp. 3,662,432 88,301
* Twist Bioscience Corp. 1,847,970 87,816
* Prestige Consumer Healthcare Inc. 1,480,256 87,735
* Travere Therapeutics Inc. 2,950,532 87,660
*,1 ImmunityBio Inc. 11,349,072 87,047
* Dyne Therapeutics Inc. 4,647,556 84,260
* Haemonetics Corp. 1,487,983 83,863
* Arcutis Biotherapeutics Inc. 3,514,411 82,800
*,1 Tango Therapeutics Inc. 3,932,874 82,276
* Denali Therapeutics Inc. 4,243,773 81,480
* Veracyte Inc. 2,511,133 80,884
* 10X Genomics Inc. Class A 3,747,456 79,559
* Liquidia Corp. 2,086,652 78,750
  Concentra Group Holdings Parent Inc. 3,646,432 78,216

          Shares Market
Value
($000)
* Vera Therapeutics Inc. Class A 1,901,461 76,496
* BioCryst Pharmaceuticals Inc. 8,018,768 76,339
  DENTSPLY SIRONA Inc. 6,427,334 74,557
* Beam Therapeutics Inc. 3,098,456 73,836
* Privia Health Group Inc. 3,522,981 72,468
  LeMaitre Vascular Inc. 657,631 71,794
*,1 Summit Therapeutics Inc. 3,756,712 71,227
* Sarepta Therapeutics Inc. 3,213,559 69,927
* Immunome Inc. 3,167,622 69,276
*,1 Acadia Healthcare Co. Inc. 2,947,694 68,947
* Amneal Pharmaceuticals Inc. 5,511,533 68,508
* Celldex Therapeutics Inc. 2,148,156 68,140
* Oruka Therapeutics Inc. 1,375,377 67,462
* Warby Parker Inc. Class A 3,184,861 67,105
* Alumis Inc. 3,029,305 66,736
* ADMA Biologics Inc. 7,244,312 65,271
* Immunovant Inc. 2,598,798 64,554
* Syndax Pharmaceuticals Inc. 2,758,484 64,438
* Neogen Corp. 6,905,781 64,155
* Adaptive Biotechnologies Corp. 4,615,320 64,061
  National HealthCare Corp. 398,086 63,574
* Agios Pharmaceuticals Inc. 1,876,147 63,470
* Enliven Therapeutics Inc. 1,617,027 63,387
*,1 Disc Medicine Inc. 989,501 63,269
* Kiniksa Pharmaceuticals International plc Class A 1,289,998 62,113
* Nektar Therapeutics 855,923 61,584
* Ultragenyx Pharmaceutical Inc. 2,937,280 61,536
* Viridian Therapeutics Inc. 3,118,860 61,005
* Arcus Biosciences Inc. 2,818,556 60,881
* GRAIL Inc. 1,157,750 59,833
* Relay Therapeutics Inc. 5,737,225 57,085
*,1 Caris Life Sciences Inc. 3,156,971 56,447
* Pediatrix Medical Group Inc. 2,629,075 56,236
* Stoke Therapeutics Inc. 1,723,382 56,113
* Axogen Inc. 1,680,224 55,666
* Ocular Therapeutix Inc. 6,553,142 55,505
  Select Medical Holdings Corp. 3,397,216 55,341
* Day One Biopharmaceuticals Inc. 2,460,462 52,752
* Addus HomeCare Corp. 562,452 52,674
* Artivion Inc. 1,433,157 52,482
* Soleno Therapeutics Inc. 1,558,341 52,173
* Innoviva Inc. 2,231,526 51,995
* Vericel Corp. 1,612,477 51,873
* Nurix Therapeutics Inc. 3,233,145 50,114
  Organon & Co. 8,291,941 49,669
* CorVel Corp. 898,879 49,124
* Mineralys Therapeutics Inc. 1,774,478 48,071
*,1 Recursion Pharmaceuticals Inc. Class A 15,598,253 47,887
* Inspire Medical Systems Inc. 921,949 47,554
  Perrigo Co. plc 4,418,062 47,450
*,1 Intellia Therapeutics Inc. 3,668,262 47,027
* Kodiak Sciences Inc. 1,226,542 46,756
* ANI Pharmaceuticals Inc. 600,933 46,212
* Omnicell Inc. 1,355,384 45,243
* Palvella Therapeutics Inc. 361,690 45,085
* UFP Technologies Inc. 232,592 45,030
*,1 Capricor Therapeutics Inc. 1,464,205 44,512
* Ardelyx Inc. 7,404,867 44,355
* Trevi Therapeutics Inc. 3,699,063 44,130
* Harmony Biosciences Holdings Inc. 1,569,802 43,970
*,1 Iovance Biotherapeutics Inc. 12,475,464 43,789
* AtriCure Inc. 1,514,934 43,221
* Amylyx Pharmaceuticals Inc. 3,103,915 43,144
* PROCEPT BioRobotics Corp. 1,680,364 42,026
* Healthcare Services Group Inc. 2,259,152 41,907
*,1 Novavax Inc. 5,135,025 41,799
* Progyny Inc. 2,448,165 41,570
* Tandem Diabetes Care Inc. 2,158,932 41,387
* Enovis Corp. 1,817,930 41,358
* Zymeworks Inc. 1,651,313 41,349

          Shares Market
Value
($000)
* Hinge Health Inc. Class A 1,038,742 40,054
* PACS Group Inc. 1,243,661 39,946
* HeartFlow Inc. 1,639,556 39,890
* Monte Rosa Therapeutics Inc. 2,340,527 38,502
* GeneDx Holdings Corp. Class A 599,473 38,498
* Alphatec Holdings Inc. 3,515,025 38,243
* Nuvation Bio Inc. Class A 8,656,294 37,136
* AdaptHealth Corp. Class A 3,115,734 37,077
* Novocure Ltd. 3,359,159 36,615
*,1 Olema Pharmaceuticals Inc. 2,427,390 36,192
  US Physical Therapy Inc. 477,391 35,785
* QuidelOrtho Corp. 2,172,676 35,697
* Vir Biotechnology Inc. 3,975,748 35,623
  Phibro Animal Health Corp. Class A 639,226 35,356
*,1 Harrow Inc. 1,001,445 35,311
  CONMED Corp. 984,240 34,803
* ORIC Pharmaceuticals Inc. 2,738,573 34,698
* Maze Therapeutics Inc. 1,162,190 34,691
* LifeStance Health Group Inc. 5,435,411 34,624
*,1 MBX Biosciences Inc. 1,158,775 34,589
* Corvus Pharmaceuticals Inc. 2,339,506 34,227
* AnaptysBio Inc. 614,546 34,083
*,1 Sionna Therapeutics Inc. 842,941 33,794
* Taysha Gene Therapies Inc. 7,513,950 33,587
* EyePoint Inc. 2,600,860 33,525
* Savara Inc. 6,072,561 33,156
* AtaiBeckley Inc. 9,307,700 32,949
* Tyra Biosciences Inc. 836,172 32,025
*,1 VeraDermics Inc. 504,706 31,872
* Pennant Group Inc. 1,032,539 31,472
* Collegium Pharmaceutical Inc. 948,657 31,372
* Teladoc Health Inc. 5,687,282 30,996
* CytomX Therapeutics Inc. 6,531,787 30,699
* Rapport Therapeutics Inc. 973,330 30,456
* NeoGenomics Inc. 4,074,635 30,234
* Geron Corp. 20,054,534 29,881
* Surgery Partners Inc. 2,451,334 29,220
* Astrana Health Inc. 1,188,417 29,140
* Pacira BioSciences Inc. 1,283,992 29,018
* Xeris Biopharma Holdings Inc. 4,952,056 28,722
* Azenta Inc. 1,296,722 27,400
* Fortrea Holdings Inc. 2,908,731 27,400
* BioLife Solutions Inc. 1,435,412 27,388
* Bicara Therapeutics Inc. 1,371,353 27,276
*,1 KalVista Pharmaceuticals Inc. 1,349,851 27,173
* Xencor Inc. 2,231,888 26,917
*,1 ArriVent Biopharma Inc. 1,155,263 26,652
* CareDx Inc. 1,535,068 26,649
* Cullinan Therapeutics Inc. 1,855,966 26,373
  iRadimed Corp. 259,566 24,986
*,1 Inhibrx Biosciences Inc. 363,841 24,461
* Annexon Inc. 4,314,036 23,900
* Butterfly Network Inc. Class A 5,684,407 22,965
* MannKind Corp. 9,147,582 22,412
*,1 Omeros Corp. 2,120,336 22,391
* Compass Therapeutics Inc. 4,190,854 22,170
* Kura Oncology Inc. 2,726,738 22,168
* AMN Healthcare Services Inc. 1,202,468 22,053
*,1 Phathom Pharmaceuticals Inc. 1,961,598 21,793
*,1 Septerna Inc. 906,665 21,787
* Amphastar Pharmaceuticals Inc. 1,109,376 21,733
* Certara Inc. 3,809,005 21,711
* Arbutus Biopharma Corp. 4,811,847 21,653
* Theravance Biopharma Inc. 1,324,682 21,500
* Enhabit Inc. 1,511,135 21,292
* Clover Health Investments Corp. Class A 12,063,287 21,231
*,1 SELLAS Life Sciences Group Inc. 4,969,618 21,021
* Omada Health Inc. 1,670,051 20,993
*,1 Esperion Therapeutics Inc. 7,525,646 20,620
* STAAR Surgical Co. 1,095,860 20,493

          Shares Market
Value
($000)
* Arvinas Inc. 1,920,682 20,359
* Castle Biosciences Inc. 823,964 20,228
* Avanos Medical Inc. 1,410,627 19,763
* Aveanna Healthcare Holdings Inc. 3,067,290 19,753
*,1 Alto Neuroscience Inc. 875,781 19,688
* Integra LifeSciences Holdings Corp. 2,079,195 19,586
1 Jade Biosciences Inc. 1,385,335 19,464
* Precigen Inc. 5,002,096 19,358
*,1 Kestra Medical Technologies Ltd. 967,707 19,286
* Talkspace Inc. 3,702,211 19,159
*,1 Vor BioPharma Inc. 1,065,085 19,001
*,1 Ocugen Inc. 9,801,994 17,742
*,1 Eton Pharmaceuticals Inc. 715,024 17,647
* Tactile Systems Technology Inc. 669,235 17,487
*,1 Zenas Biopharma Inc. 891,196 17,423
* BioAge Labs Inc. 985,493 17,236
* Janux Therapeutics Inc. 1,225,837 17,039
* Zevra Therapeutics Inc. 1,769,506 16,492
* SI-BONE Inc. 1,285,348 16,234
  Embecta Corp. 1,831,834 16,193
* Ceribell Inc. 874,053 16,021
* Fulcrum Therapeutics Inc. 2,074,332 15,910
* 4D Molecular Therapeutics Inc. 1,706,213 15,885
*,1 Sana Biotechnology Inc. 5,439,344 15,665
  HealthStream Inc. 751,138 15,556
* Ironwood Pharmaceuticals Inc. Class A 4,334,784 15,215
* Relmada Therapeutics Inc. 2,180,304 15,175
*,1 CorMedix Inc. 2,227,723 15,126
* Solid Biosciences Inc. 2,080,576 14,980
* Cytek Biosciences Inc. 3,411,248 14,907
* Aclaris Therapeutics Inc. 3,969,645 14,886
* Phreesia Inc. 1,774,842 14,873
*,1 Nutex Health Inc. 156,282 14,853
*,1 LB Pharmaceuticals Inc. 599,100 14,774
* MiMedx Group Inc. 3,722,290 14,703
* Rigel Pharmaceuticals Inc. 542,046 14,657
* Replimune Group Inc. 1,848,304 14,140
*,1 ARS Pharmaceuticals Inc. 1,749,763 14,051
*,1 Personalis Inc. 2,189,695 13,948
* Varex Imaging Corp. 1,304,233 13,838
* Perspective Therapeutics Inc. 3,313,065 13,815
* AngioDynamics Inc. 1,210,727 13,766
*,1 Aquestive Therapeutics Inc. 3,294,909 13,674
* Orthofix Medical Inc. 1,178,770 13,521
* XOMA Royalty Corp. 428,101 13,430
* Emergent BioSolutions Inc. 1,608,616 13,352
*,1 Sutro Biopharma Inc. 533,124 13,280
*,1 Upstream Bio Inc. 1,443,025 12,987
* Lexeo Therapeutics Inc. 2,259,260 12,968
* Verastem Inc. 2,424,988 12,852
*,1 Crescent Biopharma Inc. 698,846 12,838
*,1 Absci Corp. 4,253,585 12,761
* Atea Pharmaceuticals Inc. 2,369,422 12,747
*,1 Pulse Biosciences Inc. 590,360 12,746
* Altimmune Inc. 4,107,271 12,650
* Myriad Genetics Inc. 2,776,877 12,496
*,1 Beta Bionics Inc. 1,230,804 12,333
* Vanda Pharmaceuticals Inc. 1,761,840 12,174
* Entrada Therapeutics Inc. 953,727 12,036
* REGENXBIO Inc. 1,428,039 11,967
* Allogene Therapeutics Inc. 4,879,191 11,905
* Contineum Therapeutics Inc. Class A 910,659 11,893
*,1 Pacific Biosciences of California Inc. 8,958,865 11,826
*,1 Immix Biopharma Inc. 1,285,595 11,712
* Community Health Systems Inc. 3,959,288 11,640
*,1 Kyverna Therapeutics Inc. 1,347,397 11,628
* Maravai LifeSciences Holdings Inc. Class A 3,923,526 11,104
*,1 Polaryx Therapeutics Inc. 1,468,014 11,098
* Akebia Therapeutics Inc. 7,912,283 10,998
* NeuroPace Inc. 827,569 10,883

          Shares Market
Value
($000)
*,1 Prime Medicine Inc. 3,120,450 10,859
*,1 Aktis Oncology Inc. 605,835 10,838
*,1 Tectonic Therapeutic Inc. 349,413 10,800
*,1 Lyell Immunopharma Inc. 537,261 10,777
* Enanta Pharmaceuticals Inc. 852,434 10,766
* OPKO Health Inc. 9,433,793 10,755
*,1 Lexicon Pharmaceuticals Inc. 6,847,451 10,682
* Bioventus Inc. Class A 1,163,677 10,624
* Larimar Therapeutics Inc. 2,337,146 10,517
* Design Therapeutics Inc. 984,775 10,478
* Cerus Corp. 5,721,066 10,412
* Aura Biosciences Inc. 1,551,092 10,377
* X4 Pharmaceuticals Inc. 2,485,887 10,267
* Shattuck Labs Inc. 1,591,107 10,231
*,1 Forte Biosciences Inc. 393,727 10,198
*,1 Billiontoone Inc. Class A 126,092 9,954
* Fulgent Genetics Inc. 624,739 9,933
*,1 Century Therapeutics Inc. 4,339,806 9,808
*,1 MapLight Therapeutics Inc. 478,579 9,730
* Rocket Pharmaceuticals Inc. 2,700,288 9,667
*,1 Assembly Biosciences Inc. 347,884 9,654
*,1 Candel Therapeutics Inc. 1,968,034 9,643
* Invivyd Inc. 7,392,820 9,611
*,1 Monopar Therapeutics Inc. 167,986 9,204
*,1 Delcath Systems Inc. 983,010 9,122
*,1 Lineage Cell Therapeutics Inc. 5,550,504 8,770
*,1 Opus Genetics Inc. 1,894,478 8,620
* Sonida Senior Living Inc. 266,578 8,597
* Puma Biotechnology Inc. 1,343,121 8,583
*,1 Immuneering Corp. Class A 1,623,577 8,556
* Ovid therapeutics Inc. 3,829,016 8,500
  National Research Corp. 498,279 8,461
*,1 Ginkgo Bioworks Holdings Inc. Class A 1,372,611 8,414
*,1 Anavex Life Sciences Corp. 2,731,053 8,384
* Viemed Healthcare Inc. 909,918 8,380
* Standard BioTools Inc. 8,945,142 8,223
*,1 SpyGlass Pharma Inc. 317,053 8,215
*,1 SAB Biotherapeutics Inc. 2,123,393 8,133
*,1 ClearPoint Neuro Inc. 887,504 8,076
* OrthoPediatrics Corp. 508,797 8,075
* Protara Therapeutics Inc. 1,541,579 8,032
*,1 Oncology Institute Inc. 2,616,199 8,032
*,1 Avalo Therapeutics Inc. 537,792 8,029
*,1 Minerva Neurosciences Inc. 1,319,143 7,948
* Evolent Health Inc. Class A 3,479,555 7,933
*,1 Neurogene Inc. 382,191 7,705
* Senseonics Holdings Inc. 1,152,705 7,677
*,1 Cabaletta Bio Inc. 2,831,388 7,616
* C4 Therapeutics Inc. 2,892,424 7,607
* RxSight Inc. 1,227,155 7,559
* Rezolute Inc. 2,477,237 7,556
*,1 Eikon Therapeutics Inc. 711,917 7,532
* Nautilus Biotechnology Inc. 1,930,610 7,491
* Editas Medicine Inc. 3,019,044 7,457
* Context Therapeutics Inc. 2,815,486 7,377
*,1 Orchestra BioMed Holdings Inc. 1,727,963 7,344
*,1 Evommune Inc. 318,897 7,331
*,1 ALX Oncology Holdings Inc. 3,642,854 7,304
*,1 Eledon Pharmaceuticals Inc. 2,356,062 7,257
*,1 LENZ Therapeutics Inc. 762,154 6,974
*,1 Abeona Therapeutics Inc. 1,529,026 6,850
* Evolus Inc. 1,665,893 6,847
*,1 CapsoVision Inc. 925,200 6,745
* Benitec Biopharma Inc. 627,793 6,686
* Keros Therapeutics Inc. 595,316 6,572
*,1 Lumexa Imaging Holdings Inc. 760,803 6,543
* TruBridge Inc. 446,266 6,533
* Niagen Bioscience Inc. 1,470,818 6,486
*,1 CVRx Inc. 684,121 6,472
  SIGA Technologies Inc. 1,206,157 6,453

          Shares Market
Value
($000)
* Voyager Therapeutics Inc. 1,671,885 6,453
* OraSure Technologies Inc. 2,147,763 6,443
  Utah Medical Products Inc. 101,436 6,288
* Anika Therapeutics Inc. 428,624 6,215
*,1 Arcturus Therapeutics Holdings Inc. 797,154 6,154
*,1 Coherus Oncology Inc. 3,629,417 6,134
* Ardent Health Inc. 710,490 6,082
* GoodRx Holdings Inc. Class A 3,099,740 6,075
* Atrium Therapeutics Inc. 443,916 5,935
* Climb Bio Inc. 854,986 5,857
* Electromed Inc. 247,437 5,793
*,1 Inhibikase Therapeutics Inc. 3,425,978 5,756
* InfuSystem Holdings Inc. 612,419 5,653
* MacroGenics Inc. 1,925,510 5,565
*,1 Claritev Corp. Class A 337,016 5,507
* Alector Inc. 2,541,322 5,464
*,1 Neumora Therapeutics Inc. 2,796,154 5,453
* Fennec Pharmaceuticals Inc. 873,030 5,369
* Accendra Health Inc. 2,322,173 5,295
*,1 Greenwich Lifesciences Inc. 217,777 5,231
* Caribou Biosciences Inc. 2,729,473 5,186
*,1 Microbot Medical Inc. 2,109,889 5,085
*,1 Gyre Therapeutics Inc. 727,501 5,071
*,1 Shoulder Innovations Inc. 346,531 5,035
*,1 CAMP4 Therapeutics Corp. 1,139,169 5,024
* Corbus Pharmaceuticals Holdings Inc. 533,575 5,010
*,1 Tonix Pharmaceuticals Holding Corp. 359,728 4,946
* Innovage Holding Corp. 615,322 4,935
* Foghorn Therapeutics Inc. 1,026,081 4,905
* KORU Medical Systems Inc. 1,114,722 4,816
*,1 908 Devices Inc. 782,657 4,790
* Organogenesis Holdings Inc. Class A 1,991,446 4,720
* FONAR Corp. 254,162 4,717
*,1 Achieve Life Sciences Inc. 1,565,669 4,603
* SANUWAVE Health Inc. 264,933 4,581
* Inogen Inc. 739,966 4,573
1 Acme United Corp. 100,718 4,523
*,1 Tenaya Therapeutics Inc. 6,475,820 4,484
* Quanterix Corp. 1,254,850 4,417
*,1 Pro-Dex Inc. 89,498 4,396
*,1 Heron Therapeutics Inc. 5,474,947 4,381
* Codexis Inc. 2,633,770 4,293
*,1 Elicio Therapeutics Inc. 384,801 4,114
* LifeMD Inc. 1,128,301 4,073
* Sagimet Biosciences Inc. Class A 778,727 4,069
* Immunic Inc. 3,663,888 4,067
* OmniAb Inc. 2,579,634 4,050
* Apyx Medical Corp. 1,095,524 4,042
* Unicycive Therapeutics Inc. 611,016 4,020
* Sight Sciences Inc. 1,053,900 3,973
* Zentalis Pharmaceuticals Inc. 1,694,426 3,965
*,1 Journey Medical Corp. 834,313 3,913
*,1 Joint Corp. 431,516 3,819
* CareCloud Inc. 1,035,341 3,779
*,1 Quantum-Si Inc. 4,874,730 3,773
*,1 Galectin Therapeutics Inc. 1,351,443 3,771
*,1 Assertio Holdings Inc. 190,399 3,629
*,1 Inovio Pharmaceuticals Inc. 2,081,792 3,622
* TriSalus Life Sciences Inc. 899,317 3,597
* Fate Therapeutics Inc. 2,974,111 3,569
*,1 Avita Medical Inc. 958,401 3,546
* Stereotaxis Inc. 1,915,013 3,524
*,1 Lucid Diagnostics Inc. 3,025,302 3,479
* Precision BioSciences Inc. 629,339 3,461
*,1 Agenus Inc. 1,022,172 3,414
*,1 Nuvectis Pharma Inc. 439,687 3,399
*,1 Cardiff Oncology Inc. 2,073,126 3,358
*,1 Streamex Corp. 2,959,687 3,344
*,1 Humacyte Inc. 5,295,966 3,213
*,1 Prelude Therapeutics Inc. 936,001 3,201

          Shares Market
Value
($000)
* Tenax Therapeutics Inc. 194,159 3,105
* OptimizeRx Corp. 494,252 3,104
* Whitehawk Therapeutics Inc. 887,972 3,064
*,1 Lifecore Biomedical Inc. 822,113 3,058
* agilon health Inc. 384,839 3,044
* Aldeyra Therapeutics Inc. 1,784,433 3,016
* Nkarta Inc. 1,415,823 2,987
* RCM Technologies Inc. 155,817 2,982
*,1 Biodesix Inc. 204,100 2,959
* vTv Therapeutics Inc. Class A 74,346 2,949
*,1 Spero Therapeutics Inc. 1,236,776 2,894
*,1 Biomea Fusion Inc. 1,887,229 2,887
*,1 Genelux Corp. 1,191,126 2,883
*,1 Coeptis Therapeutics Holdings Inc. 254,749 2,858
* Surrozen Inc. 97,635 2,844
*,1 TuHURA Biosciences Inc. 1,586,666 2,840
*,1 Karyopharm Therapeutics Inc. 509,129 2,836
*,1 Equillium Inc. 1,401,958 2,804
* Black Diamond Therapeutics Inc. 1,297,051 2,763
*,1 Rani Therapeutics Holdings Inc. Class A 3,703,205 2,721
* Owlet Inc. Class A 520,177 2,674
* Acumen Pharmaceuticals Inc. 1,118,322 2,639
*,1 Korro Bio Inc. 233,062 2,638
* Health Catalyst Inc. 2,058,272 2,614
* Seer Inc. Class A 1,544,222 2,594
*,1 Hyperfine Inc. Class A 2,332,177 2,519
*,1 AN2 Therapeutics Inc. 733,392 2,508
*,1 PepGen Inc. 1,408,449 2,493
* Armata Pharmaceuticals Inc. 238,433 2,442
*,1 Anixa Biosciences Inc. 936,927 2,417
* Coya Therapeutics Inc. 601,117 2,368
*,1 MAIA Biotechnology Inc. 1,676,861 2,348
*,1 Neuronetics Inc. 1,595,778 2,314
*,1 Filana Therapeutics Inc. 1,365,843 2,308
*,1 Gossamer Bio Inc. 6,910,934 2,270
* Pliant Therapeutics Inc. 1,746,470 2,201
* Outset Medical Inc. 552,827 2,123
*,1 OnKure Therapeutics Inc. Class A 510,161 2,112
* Pyxis Oncology Inc. 1,422,296 2,077
*,1 aTyr Pharma Inc. 2,650,788 2,068
* American Well Corp. Class A 387,774 2,040
* Sensus Healthcare Inc. 494,131 1,967
*,1 Sangamo Therapeutics Inc. 7,956,969 1,965
*,1 Fortress Biotech Inc. 697,802 1,947
* MaxCyte Inc. 2,742,125 1,926
*,1 Fractyl Health Inc. 4,141,277 1,896
*,1 Grace Therapeutics Inc. 400,350 1,854
* PMV Pharmaceuticals Inc. 1,487,065 1,844
*,1 Seres Therapeutics Inc. 206,170 1,829
* Sanara Medtech Inc. 105,299 1,809
* Sera Prognostics Inc. Class A 887,016 1,801
*,1 Carlsmed Inc. 194,638 1,761
*,1 Cartesian Therapeutics Inc. 280,909 1,728
* Rapid Micro Biosystems Inc. Class A 750,984 1,705
* Definitive Healthcare Corp. Class A 1,362,856 1,676
*,1 DocGo Inc. 2,664,541 1,676
*,1 Kezar Life Sciences Inc. 223,229 1,656
* LENSAR Inc. 275,971 1,645
*,1 Pelthos Therapeutics Inc. 78,008 1,639
*,1 NRX Therapeutics Inc. 744,532 1,586
* Cognition Therapeutics Inc. 2,056,395 1,562
*,1 Aardvark Therapeutics Inc. 408,670 1,541
* Exagen Inc. 511,952 1,536
* TScan Therapeutics Inc. 1,500,337 1,515
* Pulmonx Corp. 1,152,272 1,486
*,1 Adicet Bio Inc. 213,118 1,451
*,1 Sharps Technology Inc. 836,207 1,405
* Atossa Therapeutics Inc. 256,137 1,347
*,1 ImageneBio Inc. 264,771 1,324
* Champions Oncology Inc. 229,971 1,322

          Shares Market
Value
($000)
*,1 Annovis Bio Inc. 592,118 1,320
*,1 Cingulate Inc. 211,655 1,314
* NextCure Inc. 123,276 1,297
* Treace Medical Concepts Inc. 954,065 1,278
* iBio Inc. 671,500 1,276
* Accuray Inc. 3,122,473 1,212
* Generate Biomedicines Inc. 96,876 1,211
* Q32 Bio Inc. 186,715 1,199
* Scilex Holding Co. 176,617 1,176
* ImmuCell Corp. 181,077 1,146
*,1 Lipocine Inc. 142,773 1,141
* Biote Corp. Class A 829,704 1,120
* LeonaBio Inc. 104,969 1,079
*,1 Telomir Pharmaceuticals Inc. 815,408 1,060
*,1 SCYNEXIS Inc. 1,144,360 1,049
*,1 RenovoRx Inc. 1,034,193 1,045
* Forian Inc. 496,900 1,029
*,1 Kalaris Therapeutics Inc. 176,727 1,020
* Metagenomi Therapeutics Inc. 741,407 993
*,1 Clene Inc. 201,022 991
*,1 CervoMed Inc. 250,174 986
*,1 Cypherpunk Technologies Inc. 1,235,494 982
*,1 Instil Bio Inc. 118,992 981
* Insight Molecular Diagnostics Inc. 297,775 977
* Lisata Therapeutics Inc. 191,371 959
* Rafael Holdings Inc. Class B 765,238 957
* Rein Therapeutics Inc. 734,417 955
*,1 Artiva Biotherapeutics Inc. 148,199 954
*,1 Alpha Teknova Inc. 328,043 948
* Aligos Therapeutics Inc. 126,970 943
* Neuraxis Inc. 125,735 930
*,1 HeartBeam Inc. 753,402 919
* Actinium Pharmaceuticals Inc. 918,557 914
* Cumberland Pharmaceuticals Inc. 274,814 893
* Vivani Medical Inc. 849,075 849
*,1 ElectroCore Inc. 140,700 848
* Veru Inc. 380,640 841
* Xtant Medical Holdings Inc. 1,499,266 837
* Elutia Inc. Class A 785,645 825
*,1 Tvardi Therapeutics Inc. 258,426 822
1 Dominari Holdings Inc. 247,795 805
*,1 Actuate Therapeutics Inc. 287,385 787
* Kyntra Bio Inc. 114,179 774
*,1 Spectral AI Inc. 523,630 770
*,1 Acrivon Therapeutics Inc. 545,541 758
*,1 Lite Strategy Inc. 652,336 757
*,1 Atara Biotherapeutics Inc. 158,646 750
* Jasper Therapeutics Inc. 833,391 730
* Werewolf Therapeutics Inc. 873,745 727
* CytoSorbents Corp. 1,274,363 722
*,1 OneMedNet Corp. 845,040 718
* Tela Bio Inc. 1,149,678 713
*,1 Rallybio Corp. 79,470 713
* Rockwell Medical Inc. 795,997 711
* Neonc Technologies Holdings Inc. 97,557 684
* Vistagen Therapeutics Inc. 1,160,455 663
* Passage Bio Inc. 78,764 618
* Precision Optics Corp. Inc. 139,956 614
* Celularity Inc. Class A 455,049 605
* PDS Biotechnology Corp. 995,421 602
* Harvard Bioscience Inc. 123,470 601
*,1 Myomo Inc. 847,644 573
*,1 Inmune Bio Inc. 490,268 554
*,1 MiNK Therapeutics Inc. 49,290 519
*,1 CEL-SCI Corp. 156,941 504
*,1 TherapeuticsMD Inc. 244,317 494
* Boundless Bio Inc. 445,181 490
* Dyadic International Inc. 583,627 479
* Aytu BioPharma Inc. 169,000 461
*,1 Dare Bioscience Inc. 248,383 452

          Shares Market
Value
($000)
*,1 Xilio Therapeutics Inc. 51,695 435
*,1 Nutriband Inc. 122,586 433
*,1 Beyondspring Inc. 263,550 432
*,1 Atlantic International Corp. 142,342 431
* Milestone Scientific Inc. 1,450,746 418
*,1 Spruce Biosciences Inc. 6,310 412
* IRIDEX Corp. 401,852 406
* Nephros Inc. 130,901 390
*,1 Longeveron Inc. Class A 361,300 376
*,1 Mira Pharmaceuticals Inc. 337,223 361
*,1 Cue Biopharma Inc. 1,520,020 349
*,1 Skye Bioscience Inc. 561,832 345
*,1 Lantern Pharma Inc. 250,635 343
*,1 Marker Therapeutics Inc. 261,243 340
  Cryo-Cell International Inc. 94,688 336
* NanoViricides Inc. 344,656 314
*,1 Senti Biosciences Inc. 368,878 300
*,1 Estrella Immunopharma Inc. 268,005 284
* Verrica Pharmaceuticals Inc. 52,821 279
* Retractable Technologies Inc. 412,203 273
*,1 Femasys Inc. 619,461 260
*,1 Vivos Therapeutics Inc. 212,700 251
*,1 Serina Therapeutics Inc. 125,805 244
* Precipio Inc. 9,271 232
*,1 Citius Oncology Inc. 370,100 229
* OS Therapies Inc. 149,115 210
*,1 Outlook Therapeutics Inc. 942,805 194
*,1 BioAtla Inc. 1,191,032 192
*,1 Cocrystal Pharma Inc. 187,266 189
*,1 Envoy Medical Inc. 273,065 182
*,1 Tempest Therapeutics Inc. 104,944 172
* Cadrenal Therapeutics Inc. 33,278 170
* Modular Medical Inc. 28,597 151
* American Shared Hospital Services 98,075 142
* Neuphoria Therapeutics Inc. 34,982 142
*,1 AirSculpt Technologies Inc. 48,744 138
*,1 Cellectar Biosciences Inc. 50,770 129
* Bonk Inc. 49,228 128
* Curis Inc. 215,599 118
* Turn Therapeutics Inc. 33,874 108
* QT Imaging Holdings Inc. 17,928 105
* P3 Health Partners Inc. 28,358 87
*,1 Inotiv Inc. 266,700 73
*,1 Tevogen Bio Holdings Inc. 15,102 68
* BioCardia Inc. 55,568 67
* BioVie Inc. 39,365 55
*,1 Fibrobiologics Inc. 39,896 53
*,1 Bullfrog AI Holdings Inc. 27,993 47
*,1 Reviva Pharmaceuticals Holdings Inc. 59,608 44
*,1 CalciMedica Inc. 80,154 43
* Exicure Inc. 4,100 18
* Jupiter Neurosciences Inc. 33,100 12
* Adagio Medical Holdings Inc. 4,000 5
* eXoZymes Inc. 391 3
*,1 Imunon Inc. 1,089 3
* Pulmatrix Inc. 1,300 2
*,1,2 Aravive Inc. 368,501
            192,595,555
Industrials (12.6%)
  Visa Inc. Class A 52,375,339 15,829,922
  Mastercard Inc. Class A 25,306,372 12,644,582
  Caterpillar Inc. 14,779,232 10,470,495
  GE Aerospace 31,649,523 8,981,185
  RTX Corp. 42,636,281 8,224,539
  GE Vernova Inc. 8,561,617 7,473,435
* Boeing Co. 24,940,026 4,963,813
  American Express Co. 15,267,943 4,618,247
  Deere & Co. 8,151,264 4,591,607
  Union Pacific Corp. 18,845,348 4,572,258

          Shares Market
Value
($000)
  Honeywell International Inc. 20,190,766 4,563,719
  Lockheed Martin Corp. 7,308,187 4,416,995
  Eaton Corp. plc 12,337,601 4,412,790
  Accenture plc Class A 19,546,994 3,875,973
  Capital One Financial Corp. 19,754,041 3,603,730
  Parker-Hannifin Corp. 4,007,995 3,588,117
  Northrop Grumman Corp. 4,508,205 3,075,678
  Howmet Aerospace Inc. 12,734,952 2,934,897
  Trane Technologies plc 7,029,031 2,929,278
  General Dynamics Corp. 7,728,701 2,652,645
  Quanta Services Inc. 4,750,556 2,608,150
  Automatic Data Processing Inc. 12,784,492 2,597,553
  Johnson Controls International plc 19,436,350 2,545,190
  3M Co. 16,730,028 2,429,702
  CSX Corp. 59,053,655 2,424,153
  Sherwin-Williams Co. 7,475,505 2,396,273
  FedEx Corp. 6,719,687 2,393,418
  Cummins Inc. 4,388,017 2,360,841
  Emerson Electric Co. 17,852,144 2,338,988
  United Parcel Service Inc. Class B 23,625,968 2,324,323
  Illinois Tool Works Inc. 8,691,921 2,262,420
  CRH plc 21,223,475 2,231,012
  TransDigm Group Inc. 1,793,391 2,078,468
  L3Harris Technologies Inc. 5,932,967 2,047,764
  Norfolk Southern Corp. 7,129,298 2,046,109
  PACCAR Inc. 16,701,059 1,928,972
  Cintas Corp. 10,791,782 1,825,322
  AMETEK Inc. 7,272,349 1,558,901
  WW Grainger Inc. 1,428,706 1,558,447
  Comfort Systems USA Inc. 1,116,755 1,539,994
* Keysight Technologies Inc. 5,453,524 1,539,912
  United Rentals Inc. 2,000,717 1,457,642
  Ferguson Enterprises Inc. 6,208,987 1,448,308
  Carrier Global Corp. 25,220,079 1,420,143
  Westinghouse Air Brake Technologies Corp. 5,416,430 1,353,620
  Rockwell Automation Inc. 3,567,055 1,280,145
  PayPal Holdings Inc. 27,362,654 1,237,613
  Old Dominion Freight Line Inc. 5,959,659 1,164,517
* Rocket Lab Corp. 18,025,459 1,157,595
* Bloom Energy Corp. Class A 8,466,014 1,147,060
  Vulcan Materials Co. 4,146,932 1,129,210
  Martin Marietta Materials Inc. 1,913,424 1,126,394
* Block Inc. Class A 17,388,462 1,046,438
  EMCOR Group Inc. 1,414,304 1,044,195
* Axon Enterprise Inc. 2,426,672 1,030,583
  Ingersoll Rand Inc. 12,442,717 996,910
  Otis Worldwide Corp. 12,347,174 951,720
  Paychex Inc. 10,257,477 944,919
  Dow Inc. 22,410,580 933,401
  Xylem Inc. 7,723,226 922,925
  Dover Corp. 4,280,630 892,297
* Teledyne Technologies Inc. 1,471,063 890,008
1 Sunbelt Rentals Holdings Inc. 13,209,474 859,805
* Fiserv Inc. 15,296,377 853,538
  Verisk Analytics Inc. 4,381,399 831,370
  Hubbell Inc. Class B 1,691,320 829,998
* Mettler-Toledo International Inc. 645,410 813,991
  FTAI Aviation Ltd. 3,255,204 797,525
  Curtiss-Wright Corp. 1,170,482 797,239
  Fidelity National Information Services Inc. 16,349,214 766,942
* Fair Isaac Corp. 714,714 762,986
  PPG Industries Inc. 7,094,945 758,308
  Synchrony Financial 11,025,455 749,951
  Equifax Inc. 3,820,473 687,953
* XPO Inc. 3,534,717 687,679
  Woodward Inc. 1,893,020 677,550
  Smurfit Westrock plc 16,622,295 662,398
  Veralto Corp. 7,472,710 660,737
  HEICO Corp. Class A 3,102,563 654,920
* MasTec Inc. 2,002,635 644,328

          Shares Market
Value
($000)
* ATI Inc. 4,348,031 632,465
  CH Robinson Worldwide Inc. 3,764,470 625,166
* Corpay Inc. 2,106,952 613,102
  nVent Electric plc 5,139,040 607,846
  Expeditors International of Washington Inc. 4,238,114 607,025
  Packaging Corp. of America 2,829,089 600,389
  Snap-on Inc. 1,646,541 598,057
  DuPont de Nemours Inc. 12,969,493 594,003
  BWX Technologies Inc. 2,897,339 592,477
  Fortive Corp. 9,773,434 540,275
  ITT Inc. 2,728,709 519,901
  JB Hunt Transport Services Inc. 2,400,785 508,726
  Ball Corp. 8,440,896 498,941
  MKS Inc. 2,136,564 491,004
  Global Payments Inc. 7,213,236 485,451
* Trimble Inc. 7,430,126 484,667
  Textron Inc. 5,526,092 483,865
  Jacobs Solutions Inc. 3,729,365 474,674
  Huntington Ingalls Industries Inc. 1,249,444 474,664
* API Group Corp. 11,642,300 471,746
  Lennox International Inc. 993,719 461,215
  Pentair plc 5,174,116 450,717
  IDEX Corp. 2,357,235 446,814
  Nordson Corp. 1,678,899 446,688
  Graco Inc. 5,235,761 443,207
  Lincoln Electric Holdings Inc. 1,739,231 433,208
  Carlisle Cos. Inc. 1,297,087 432,734
  WESCO International Inc. 1,549,323 423,926
  TransUnion 6,110,898 422,813
* Kratos Defense & Security Solutions Inc. 5,878,835 414,517
* QXO Inc. 21,315,838 413,954
  RPM International Inc. 4,075,201 405,075
  Watsco Inc. 1,112,353 404,663
  Allegion plc 2,739,047 397,956
  Regal Rexnord Corp. 2,113,596 395,792
  Masco Corp. 6,450,824 389,436
* Affirm Holdings Inc. Class A 8,366,653 383,360
* Sterling Infrastructure Inc. 922,507 375,709
* Generac Holdings Inc. 1,869,667 365,202
* Modine Manufacturing Co. 1,677,539 363,539
  Jack Henry & Associates Inc. 2,286,492 361,357
  Crown Holdings Inc. 3,597,415 360,641
  Stanley Black & Decker Inc. 4,927,804 350,170
  AECOM 4,106,217 348,289
  Advanced Drainage Systems Inc. 2,478,258 339,844
* Zebra Technologies Corp. Class A 1,563,268 326,848
* SPX Technologies Inc. 1,587,394 317,384
* TopBuild Corp. 892,771 313,630
  Applied Industrial Technologies Inc. 1,181,697 313,528
  Donaldson Co. Inc. 3,680,656 312,377
  Allison Transmission Holdings Inc. 2,627,236 307,544
* Dycom Industries Inc. 903,204 306,024
  Booz Allen Hamilton Holding Corp. 3,827,512 298,661
* Saia Inc. 847,728 297,790
  Flowserve Corp. 4,045,269 297,368
* Core & Main Inc. Class A 5,994,483 296,127
* Chart Industries Inc. 1,421,097 293,812
  Oshkosh Corp. 1,984,805 292,183
  Toro Co. 3,110,759 290,669
*,1 Karman Holdings Inc. 3,582,078 286,745
  Knight-Swift Transportation Holdings Inc. Class A 4,914,651 282,986
  CNH Industrial NV 25,599,761 281,597
* Builders FirstSource Inc. 3,351,326 275,915
  Owens Corning 2,547,201 275,658
  Acuity Inc. 973,566 272,813
  Littelfuse Inc. 801,296 271,920
  Crane Co. 1,558,032 266,423
  Moog Inc. Class A 905,526 264,993
  Cognex Corp. 5,265,111 257,938
  AptarGroup Inc. 2,042,608 257,409

          Shares Market
Value
($000)
  Watts Water Technologies Inc. Class A 872,501 253,278
  Tetra Tech Inc. 8,302,946 250,085
* Planet Labs PBC 8,575,299 239,680
  A O Smith Corp. 3,611,637 238,151
  Valmont Industries Inc. 590,176 235,817
  Primoris Services Corp. 1,637,473 234,224
  ESCO Technologies Inc. 826,219 232,473
  Ryder System Inc. 1,133,232 231,984
  Argan Inc. 418,717 228,054
  Simpson Manufacturing Co. Inc. 1,324,026 227,229
  Zurn Elkay Water Solutions Corp. 5,057,406 226,774
* Kirby Corp. 1,698,236 225,662
  Armstrong World Industries Inc. 1,355,377 223,366
*,1 AeroVironment Inc. 1,192,825 218,347
* Fluor Corp. 4,657,696 217,282
*,1 Aurora Innovation Inc. Class A 52,284,769 215,413
1 HEICO Corp. 783,563 214,853
  Terex Corp. 3,612,968 213,526
  AGCO Corp. 1,834,852 212,604
  JBT Marel Corp. 1,655,359 211,671
  UL Solutions Inc. Class A 2,455,348 210,448
  Federal Signal Corp. 1,932,758 209,008
  Air Lease Corp. Class A 3,203,847 208,058
  EnerSys 1,175,652 204,234
  MSA Safety Inc. 1,228,199 201,363
  Genpact Ltd. 5,387,070 200,668
  Sealed Air Corp. 4,687,007 197,089
  Installed Building Products Inc. 732,670 194,267
* Everus Construction Group Inc. 1,625,891 191,953
  GATX Corp. 1,119,181 191,089
* Middleby Corp. 1,440,951 191,041
  Eagle Materials Inc. 997,371 188,952
* GXO Logistics Inc. 3,640,951 188,783
* Axalta Coating Systems Ltd. 6,782,052 187,863
1 AAON Inc. 2,213,675 183,182
* Gates Industrial Corp. plc 8,060,748 182,254
  Esab Corp. 1,842,212 178,068
  Landstar System Inc. 1,081,301 173,343
* FTI Consulting Inc. 963,124 170,251
  Sonoco Products Co. 3,145,917 170,163
  Enpro Inc. 671,509 168,314
  Powell Industries Inc. 308,626 166,991
* WEX Inc. 1,090,509 166,891
  Granite Construction Inc. 1,388,918 166,503
  Arcosa Inc. 1,563,533 165,953
  Sensata Technologies Holding plc 4,640,481 163,438
* Mohawk Industries Inc. 1,647,319 162,195
  Vontier Corp. 4,495,527 159,456
  Matson Inc. 944,569 154,853
  VSE Corp. 829,214 152,907
* Construction Partners Inc. Class A 1,373,210 152,591
*,1 Joby Aviation Inc. 18,434,034 152,265
  Brunswick Corp. 2,069,257 150,559
  Ralliant Corp. 3,591,142 149,356
* Paylocity Holding Corp. 1,382,219 149,335
  Fortune Brands Innovations Inc. 3,818,536 148,808
* Knife River Corp. 1,807,777 147,605
  Louisiana-Pacific Corp. 1,995,190 145,150
* ExlService Holdings Inc. 4,690,747 142,833
  Belden Inc. 1,233,584 141,652
* MYR Group Inc. 496,882 140,280
  Badger Meter Inc. 919,094 140,024
* Resideo Technologies Inc. 4,085,581 137,725
  Mueller Water Products Inc. Class A 4,998,587 137,411
* StandardAero Inc. 5,302,306 136,959
  Brink's Co. 1,318,090 136,594
* Mirion Technologies Inc. Class A 7,345,543 136,554
* IES Holdings Inc. 284,819 135,708
  CSW Industrials Inc. 519,597 135,397
* OSI Systems Inc. 498,365 132,321

          Shares Market
Value
($000)
* ACI Worldwide Inc. 3,208,267 131,571
* AAR Corp. 1,193,743 130,667
  MSC Industrial Direct Co. Inc. Class A 1,414,800 130,544
* Itron Inc. 1,420,472 127,317
* Mercury Systems Inc. 1,717,591 125,230
* Trex Co. Inc. 3,348,506 121,953
* Amentum Holdings Inc. 4,648,621 121,236
  AZZ Inc. 953,250 119,280
* Vicor Corp. 739,474 119,055
  Otter Tail Corp. 1,328,784 116,627
  UniFirst Corp. 462,557 116,375
*,1 Ondas Inc. 12,865,464 116,304
  International Seaways Inc. 1,577,215 114,947
  Leonardo DRS Inc. 2,549,638 113,510
* Symbotic Inc. Class A 2,105,366 112,005
  Franklin Electric Co. Inc. 1,208,763 111,412
  Patrick Industries Inc. 1,002,992 111,402
  Maximus Inc. 1,730,640 110,934
  Silgan Holdings Inc. 2,847,700 110,491
  Tutor Perini Corp. 1,428,642 110,277
  Kadant Inc. 376,481 110,064
* BILL Holdings Inc. 2,865,432 109,746
  Brady Corp. Class A 1,330,685 108,105
  HB Fuller Co. 1,728,240 106,598
  Herc Holdings Inc. 1,060,414 105,564
  Korn Ferry 1,671,881 105,245
  ADT Inc. 15,756,364 103,519
* NCR Atleos Corp. 2,350,790 102,447
  Griffon Corp. 1,407,721 102,313
  Exponent Inc. 1,566,187 102,194
  Standex International Corp. 386,975 98,624
  WillScot Holdings Corp. 5,528,317 95,972
1 GPGI Inc. Class A 5,537,527 94,692
  Graphic Packaging Holding Co. 9,435,058 93,784
* Centuri Holdings Inc. 3,204,111 93,592
* Hayward Holdings Inc. 6,604,481 88,368
  Western Union Co. 10,087,764 88,066
  Kennametal Inc. 2,436,629 88,035
  McGrath RentCorp 793,439 87,500
  Boise Cascade Co. 1,136,761 86,223
*,1 Archer Aviation Inc. Class A 16,632,894 85,992
* Remitly Global Inc. 5,314,566 83,279
  Trinity Industries Inc. 2,548,594 82,014
* Euronet Worldwide Inc. 1,193,046 79,182
*,1 Forgent Power Solutions Inc. Class A 2,697,739 78,963
  Robert Half Inc. 3,107,029 78,919
*,1 Loar Holdings Inc. 1,350,657 77,379
* RXO Inc. 5,245,146 76,684
  ABM Industries Inc. 1,859,668 71,634
*,1 Intuitive Machines Inc. Class A 3,853,139 71,514
  Bel Fuse Inc. Class B 357,700 70,817
  ArcBest Corp. 716,489 70,474
  Helios Technologies Inc. 1,073,463 69,464
* V2X Inc. 992,588 67,992
* Huron Consulting Group Inc. 529,554 67,513
* GEO Group Inc. 4,007,114 67,360
* Astronics Corp. 1,003,246 66,947
* Verra Mobility Corp. Class A 4,582,211 65,480
  Atkore Inc. 1,078,299 63,523
  Greif Inc. Class A 946,299 63,468
  Crane NXT Co. 1,555,086 63,121
  Hub Group Inc. Class A 1,744,997 62,890
*,1 Shift4 Payments Inc. Class A 1,428,995 62,490
* Legence Corp. Class A 1,096,203 61,892
  Enerpac Tool Group Corp. Class A 1,688,201 61,569
*,1 Firefly Aerospace Inc. 2,031,501 57,837
* CECO Environmental Corp. 961,621 57,293
  EVERTEC Inc. 2,029,374 57,269
* Blue Bird Corp. 1,003,886 57,011
* Amprius Technologies Inc. 3,338,021 56,279

          Shares Market
Value
($000)
* CoreCivic Inc. 2,963,539 56,041
* DXP Enterprises Inc. 396,788 55,443
  Alamo Group Inc. 332,211 54,805
* Ducommun Inc. 445,125 54,305
*,1 Eos Energy Enterprises Inc. 10,880,531 53,967
  Werner Enterprises Inc. 1,829,354 53,801
* Hillman Solutions Corp. 6,334,470 52,703
* O-I Glass Inc. 4,966,237 52,195
* Thermon Group Holdings Inc. 987,819 49,786
* Babcock & Wilcox Enterprises Inc. 3,370,375 49,511
  Greenbrier Cos. Inc. 933,203 49,133
  Albany International Corp. Class A 917,466 47,901
* Marqeta Inc. Class A 11,603,922 47,344
  Pitney Bowes Inc. 4,268,696 47,169
* ASGN Inc. 1,207,748 46,752
  Schneider National Inc. Class B 1,758,511 46,354
* Paymentus Holdings Inc. Class A 1,808,811 45,944
  ManpowerGroup Inc. 1,498,338 44,141
* Upwork Inc. 3,939,608 43,178
* Proto Labs Inc. 751,595 42,856
* Payoneer Global Inc. 8,853,080 42,760
  Napco Security Technologies Inc. 1,070,824 42,180
* Flywire Corp. 3,609,431 42,014
  United States Lime & Minerals Inc. 320,989 41,924
  TriMas Corp. 1,163,454 41,815
  Gorman-Rupp Co. 665,119 41,324
* CBIZ Inc. 1,512,105 40,600
  Lindsay Corp. 339,588 40,435
* Cimpress plc 551,380 40,251
*,1 Redwire Corp. 4,584,597 38,969
  Tennant Co. 582,676 38,690
  Astec Industries Inc. 718,249 38,671
  ICF International Inc. 589,780 38,507
* Gibraltar Industries Inc. 940,382 37,493
* Donnelley Financial Solutions Inc. 792,065 37,338
  Deluxe Corp. 1,296,857 35,715
  Perella Weinberg Partners Class A 1,950,479 35,421
* Great Lakes Dredge & Dock Corp. 2,028,469 34,484
*,1 Sezzle Inc. 543,842 34,420
* Willdan Group Inc. 442,647 33,889
  TriNet Group Inc. 929,691 33,869
*,1 Masterbrand Inc. 4,032,296 33,508
* Evolv Technologies Holdings Inc. 5,343,611 32,329
  CRA International Inc. 196,438 31,799
* Legalzoom.com Inc. 5,398,540 30,610
*,1 Enovix Corp. 5,896,928 30,546
*,1 First Advantage Corp. 2,467,262 29,015
  Douglas Dynamics Inc. 687,243 28,926
  Insperity Inc. 1,064,550 28,785
  Allient Inc. 479,104 28,310
* Vestis Corp. 3,509,219 27,582
  Cadre Holdings Inc. 895,454 27,473
*,1 PureCycle Technologies Inc. 5,196,936 26,972
* BrightView Holdings Inc. 2,239,715 26,406
*,1 Alliance Laundry Holdings Inc. 1,259,683 26,126
  Quanex Building Products Corp. 1,449,240 26,043
* Graham Corp. 326,046 25,732
* Limbach Holdings Inc. 327,269 25,543
  Myers Industries Inc. 1,166,130 24,699
*,1 BlackSky Technology Inc. Class A 961,623 24,194
  Marten Transport Ltd. 1,802,645 23,669
  Apogee Enterprises Inc. 675,821 22,667
* Montrose Environmental Group Inc. 1,030,253 22,552
  Barrett Business Services Inc. 759,154 22,152
*,1 Resolute Holdings Management Inc. 133,853 21,724
* Transcat Inc. 293,264 21,540
* Janus International Group Inc. 4,160,035 21,424
  Preformed Line Products Co. 78,763 21,325
* Cantaloupe Inc. 1,950,971 21,090
  National Presto Industries Inc. 150,013 20,561

          Shares Market
Value
($000)
*,1 EquipmentShare.com Inc. Class A 1,009,268 20,559
  LSI Industries Inc. 1,080,889 20,105
* LightPath Technologies Inc. Class A 1,946,727 19,526
  Insteel Industries Inc. 578,931 19,458
* Green Dot Corp. Class A 1,653,169 18,549
*,1 Voyager Technologies Inc. Class A 781,741 18,285
  Cass Information Systems Inc. 408,803 17,995
  Heartland Express Inc. 1,683,633 17,510
* American Woodmark Corp. 433,320 17,259
  Kforce Inc. 573,375 16,765
  Ennis Inc. 772,632 16,550
  Park Aerospace Corp. 595,570 16,307
  Miller Industries Inc. 355,421 16,189
  FTAI Infrastructure Inc. 3,274,334 16,175
* I3 Verticals Inc. Class A 721,999 16,144
* Energy Recovery Inc. 1,592,328 16,035
* Vishay Precision Group Inc. 365,524 15,871
*,1 Power Solutions International Inc. 256,749 15,631
*,1 Beta Technologies Inc. Class A 1,013,670 14,901
*,1 Satellogic Inc. Class A 2,696,256 14,668
  Mesa Laboratories Inc. 164,211 14,520
* Cardinal Infrastructure Group Inc. Class A 358,966 14,235
* BlueLinx Holdings Inc. 252,875 13,701
* International Money Express Inc. 858,388 13,563
*,1 York Space Systems Inc. 602,564 13,359
  Covenant Logistics Group Inc. Class A 477,827 12,973
* Orion Group Holdings Inc. 1,185,857 12,926
  Willis Lease Finance Corp. 75,341 12,828
*,1 Forward Air Corp. 750,868 12,547
  Columbus McKinnon Corp. 856,762 12,449
* Bowman Consulting Group Ltd. 435,267 12,379
* CryoPort Inc. 1,492,868 12,361
* Manitowoc Co. Inc. 1,057,633 12,321
* Custom Truck One Source Inc. 1,777,542 11,678
  Wabash National Corp. 1,283,350 11,062
  Hyster-Yale Inc. 337,103 10,959
*,1 Titan Machinery Inc. 651,545 10,894
*,1 Richtech Robotics Inc. Class B 5,102,242 10,664
* Mistras Group Inc. 707,514 10,457
  Luxfer Holdings plc 847,674 10,325
* Titan International Inc. 1,491,564 10,307
*,1 Lightbridge Corp. 966,158 10,299
*,1 Spire Global Inc. 770,738 9,696
*,1 Andersen Group Inc. Class A 356,004 9,683
* Innovative Solutions & Support Inc. 470,996 9,670
* Target Hospitality Corp. 1,017,947 9,447
*,1 Microvast Holdings Inc. 6,186,113 9,279
* Cross Country Healthcare Inc. 985,990 9,268
*,1 Pattern Group Inc. Class A 721,445 8,968
*,1 TSS Inc. 679,327 8,838
* Frequency Electronics Inc. 199,108 8,813
* Aspen Aerogels Inc. 2,565,612 8,774
* Atlanticus Holdings Corp. 166,213 8,721
*,1 Strata Critical Medical Inc. 2,035,936 8,510
  Kelly Services Inc. Class A 943,775 8,352
* Distribution Solutions Group Inc. 311,752 8,180
  Alight Inc. Class A 13,605,046 7,928
  Karat Packaging Inc. 283,933 7,927
* Radiant Logistics Inc. 1,103,845 7,782
*,1 3D Systems Corp. 4,029,220 7,575
*,1 Eve Holding Inc. 3,018,692 7,486
* Mayville Engineering Co. Inc. 415,146 7,452
* L B Foster Co. Class A 266,556 7,437
  Park-Ohio Holdings Corp. 306,908 7,378
*,1 Hyliion Holdings Corp. 4,037,797 7,107
*,1 Velo3D Inc. 745,900 7,004
* Hudson Technologies Inc. 1,189,633 6,995
  Quad/Graphics Inc. 1,012,033 6,690
* AerSale Corp. 1,038,111 6,457
* Repay Holdings Corp. Class A 2,414,366 6,277

          Shares Market
Value
($000)
* Paysign Inc. 1,041,994 6,148
*,1 Sky Harbour Group Corp. Class A 633,936 6,105
* Conduent Inc. 4,736,893 6,063
*,1 Palladyne AI Corp. 983,699 5,971
*,1 Sidus Space Inc. Class A 2,568,113 5,958
  Twin Disc Inc. 385,972 5,817
* Acacia Research Corp. 1,164,521 5,601
* Core Molding Technologies Inc. 247,956 5,554
*,1 Franklin Covey Co. 349,634 5,521
* Concrete Pumping Holdings Inc. 770,986 5,505
* Taylor Devices Inc. 96,078 5,476
  Information Services Group Inc. 1,371,652 5,267
  Bel Fuse Inc. Class A 29,042 5,233
*,1 M-Tron Industries Inc. 78,163 5,225
* Ranpak Holdings Corp. Class A 1,432,792 5,115
*,1 AIRO Group Holdings Inc. 662,760 5,040
*,1 Byrna Technologies Inc. 534,505 4,907
* Gencor Industries Inc. 324,811 4,872
*,1 Virgin Galactic Holdings Inc. 1,986,404 4,827
1 Universal Logistics Holdings Inc. 225,403 4,765
* Proficient Auto Logistics Inc. 698,321 4,735
  Kronos Worldwide Inc. 710,203 4,666
  EVI Industries Inc. 220,373 4,535
  Alta Equipment Group Inc. 798,858 4,290
* Smith-Midland Corp. 128,486 4,180
* Priority Technology Holdings Inc. 876,964 4,139
*,1 Terrestrial Energy Inc. 682,000 4,095
* ZipRecruiter Inc. Class A 2,165,685 3,985
* CEA Industries Inc. 1,354,338 3,955
*,1 NeoVolta Inc. 1,263,100 3,890
*,1 Advantage Solutions Inc. 183,387 3,877
1 TaskUS Inc. Class A 546,444 3,667
  Resources Connection Inc. 979,117 3,652
*,1 AEye Inc. 1,990,000 3,602
* DHI Group Inc. 1,263,352 3,550
* TrueBlue Inc. 875,834 3,425
* Commercial Vehicle Group Inc. 983,059 3,352
  Espey Manufacturing & Electronics Corp. 58,632 3,249
  Eastern Co. 159,470 3,228
* FreightCar America Inc. 398,314 3,175
* JELD-WEN Holding Inc. 2,500,328 3,100
*,1 Cleancore Solutions Inc. Class B 8,498,580 3,028
* Hurco Cos. Inc. 189,966 2,794
* CPI Card Group Inc. 183,576 2,664
*,1 SKYX Platforms Corp. 2,240,557 2,509
* RF Industries Ltd. 242,945 2,505
*,1 Starfighters Space Inc. 414,900 2,456
*,1 AirJoule Technologies Corp. Class A 974,664 2,446
* Coda Octopus Group Inc. 215,464 2,435
*,1 CitroTech Inc. 278,459 2,403
  BGSF Inc. 351,919 2,277
* Ultralife Corp. 339,593 2,214
*,1 TTEC Holdings Inc. 804,199 2,010
* Alpha Pro Tech Ltd. 451,058 2,003
*,1 Forrester Research Inc. 351,436 1,989
*,1 SoundThinking Inc. 291,981 1,933
* Research Solutions Inc. 826,297 1,867
* Optex Systems Holdings Inc. 132,285 1,749
* Bridger Aerospace Group Holdings Inc. 874,540 1,732
*,1 Wrap Technologies Inc. 1,095,555 1,687
* Where Food Comes From Inc. 126,264 1,654
  HireQuest Inc. 165,094 1,648
*,1 Odyssey Marine Exploration Inc. Class B 1,786,206 1,490
* Tecogen Inc. 579,798 1,484
*,1 Knightscope Inc. Class A 352,941 1,472
*,1 PAMT Corp. 168,925 1,427
* Team Inc. 86,426 1,378
* Broadwind Inc. 660,523 1,374
  NL Industries Inc. 229,049 1,335
* VirTra Inc. 324,290 1,203

          Shares Market
Value
($000)
*,1 Safe Pro Group Inc. 311,137 1,185
* CPI Aerostructures Inc. 301,833 1,183
*,1 AgEagle Aerial Systems Inc. 1,259,476 1,139
*,1 Sypris Solutions Inc. 385,404 1,098
* Star Equity Holdings Inc. 105,380 1,083
* AmpliTech Group Inc. 512,741 974
* Sono-Tek Corp. 222,267 902
* GEE Group Inc. 3,749,016 900
* INNOVATE Corp. 158,402 900
* Fuel Tech Inc. 731,730 893
  Public Policy Holding Co. Inc. 66,209 866
* SIFCO Industries Inc. 64,292 856
* Usio Inc. 741,106 845
* Orion Energy Systems Inc. 77,898 681
*,1 Skillsoft Corp. 153,455 658
*,1 Air T Inc. 30,856 652
*,1 374Water Inc. 214,145 608
* LGL Group Inc. 73,083 508
* Flux Power Holdings Inc. 467,211 500
* Southland Holdings Inc. 306,415 398
*,1 JFB Construction Holdings Class A 64,038 392
*,1 Cloudastructure Inc. Class A 579,900 353
* Pioneer Power Solutions Inc. 104,865 341
* Acorn Energy Inc. 19,399 330
*,1 Stardust Power Inc. 121,646 287
* TOMI Environmental Solutions Inc. 474,303 262
*,1 T3 Defense Inc. 360,179 258
* ClearSign Technologies Corp. 59,026 257
*,1 RYTHM Inc. 14,025 242
*,1 CISO Global Inc. 433,900 150
* Xos Inc. 79,636 130
*,1 MultiSensor AI Holdings Inc. 542,779 125
* Air Industries Group 32,062 104
* Electro-Sensors Inc. 18,604 83
*,1 Armlogi Holding Corp. 321,257 81
*,1 Rain Enhancement Technologies Holdco Inc. Class A 11,700 30
* Shimmick Corp. 5,900 22
* Arrive AI Inc. 13,000 10
*,1,2 Hyzon Motors Inc. Class A 52,830
            251,636,657
Real Estate (2.4%)
  Welltower Inc. 22,165,462 4,382,334
  Prologis Inc. 29,417,542 3,888,411
  Equinix Inc. 3,121,107 3,059,434
  American Tower Corp. 14,808,108 2,555,583
  Digital Realty Trust Inc. 10,915,887 1,967,152
  Simon Property Group Inc. 9,797,420 1,827,513
  Realty Income Corp. 29,599,751 1,810,913
  Public Storage 5,018,258 1,359,346
* CBRE Group Inc. Class A 9,379,245 1,270,513
  Ventas Inc. 15,084,224 1,233,588
  Crown Castle Inc. 13,862,868 1,127,190
  Iron Mountain Inc. 8,941,317 913,266
  Extra Space Storage Inc. 6,709,536 879,821
  VICI Properties Inc. Class A 31,221,225 852,964
  AvalonBay Communities Inc. 4,503,059 735,575
  Equity Residential 11,389,955 673,716
  SBA Communications Corp. 3,377,991 581,386
  Weyerhaeuser Co. 22,939,567 560,414
* CoStar Group Inc. 13,343,139 538,262
  Essex Property Trust Inc. 2,050,384 496,193
  Sun Communities Inc. 3,905,526 491,940
  Kimco Realty Corp. 21,609,305 485,561
  WP Carey Inc. 7,134,604 484,868
  Invitation Homes Inc. 18,377,752 456,687
* Jones Lang LaSalle Inc. 1,487,532 452,686
  Mid-America Apartment Communities Inc. 3,702,877 452,195
  Regency Centers Corp. 5,814,387 439,917
  Host Hotels & Resorts Inc. 21,768,399 417,083

          Shares Market
Value
($000)
  Omega Healthcare Investors Inc. 9,403,868 412,078
  Gaming & Leisure Properties Inc. 8,555,912 379,626
  Equity LifeStyle Properties Inc. 5,852,180 365,293
  Healthpeak Properties Inc. 22,135,469 363,686
  UDR Inc. 10,411,939 351,715
  Lamar Advertising Co. Class A 2,762,117 349,850
  Camden Property Trust 3,276,424 319,976
  EastGroup Properties Inc. 1,700,056 314,663
  Federal Realty Investment Trust 2,742,565 291,288
  American Homes 4 Rent Class A 10,363,008 289,335
  Agree Realty Corp. 3,798,995 286,368
  Brixmor Property Group Inc. 9,725,549 280,096
  American Healthcare REIT Inc. 5,888,811 277,716
  CubeSmart 7,247,972 265,638
  BXP Inc. 5,054,860 262,347
  CareTrust REIT Inc. 7,102,752 260,316
  Alexandria Real Estate Equities Inc. 5,506,742 255,623
  NNN REIT Inc. 6,023,193 253,155
  First Industrial Realty Trust Inc. 4,203,443 243,169
  Rexford Industrial Realty Inc. 7,324,613 239,735
  STAG Industrial Inc. 6,050,873 218,194
* Zillow Group Inc. Class C 5,168,386 213,868
  Terreno Realty Corp. 3,293,697 202,299
  Essential Properties Realty Trust Inc. 6,655,659 202,066
  Rayonier Inc. 9,649,198 198,966
  Healthcare Realty Trust Inc. Class A 11,082,414 188,290
  Ryman Hospitality Properties Inc. 1,902,258 175,521
* Compass Inc. Class A 22,696,923 165,915
  Kite Realty Group Trust 6,556,862 160,971
  Macerich Co. 8,153,425 154,100
  Sabra Health Care REIT Inc. 7,964,493 153,157
  Phillips Edison & Co. Inc. 4,003,707 149,819
  HA Sustainable Infrastructure Capital Inc. 4,043,687 148,606
  Vornado Realty Trust 5,499,012 142,919
  Millrose Properties Inc. 4,935,538 138,195
  Outfront Media Inc. 5,038,788 133,528
  Tanger Inc. 3,677,103 124,948
  Cousins Properties Inc. 5,345,325 120,644
* Opendoor Technologies Inc. 25,742,609 120,475
  National Health Investors Inc. 1,474,501 119,228
  EPR Properties 2,308,368 115,326
  Independence Realty Trust Inc. 7,567,427 112,679
  Broadstone Net Lease Inc. 6,083,524 111,146
  COPT Defense Properties 3,597,326 110,078
  Kilroy Realty Corp. 3,769,705 106,343
  Americold Realty Trust Inc. 9,173,589 105,129
* Cushman & Wakefield Ltd. 7,398,147 90,701
  DigitalBridge Group Inc. 5,800,171 89,439
  SL Green Realty Corp. 2,287,501 84,500
  National Storage Affiliates Trust 2,208,182 83,337
  LXP Industrial Trust 1,801,184 83,323
  Four Corners Property Trust Inc. 3,501,527 82,811
  Urban Edge Properties 4,054,386 81,007
  St. Joe Co. 1,288,649 80,927
  Acadia Realty Trust 4,189,504 80,103
  Apple Hospitality REIT Inc. 6,806,824 78,347
* Howard Hughes Holdings Inc. 1,238,415 78,342
  Curbline Properties Corp. 3,009,990 77,628
  InvenTrust Properties Corp. 2,450,898 74,654
  Highwoods Properties Inc. 3,463,500 74,154
  Lineage Inc. 2,133,037 69,878
*,1 Zillow Group Inc. Class A 1,673,282 69,257
1 Medical Properties Trust Inc. 14,514,909 67,204
  Newmark Group Inc. Class A 4,254,451 63,774
  Global Net Lease Inc. 6,689,402 62,613
  Getty Realty Corp. 1,939,844 61,687
  Park Hotels & Resorts Inc. 5,855,406 61,657
  DiamondRock Hospitality Co. 6,553,513 61,406
1 NETSTREIT Corp. 3,040,179 57,247
  LTC Properties Inc. 1,495,910 55,588

          Shares Market
Value
($000)
  Sunstone Hotel Investors Inc. 6,115,441 55,100
  Douglas Emmett Inc. 5,183,054 48,824
  Diversified Healthcare Trust 6,940,973 46,088
  Veris Residential Inc. 2,433,192 45,914
1 Smartstop Self Storage REIT Inc. 1,511,479 45,768
  Pebblebrook Hotel Trust 3,568,809 45,074
  Xenia Hotels & Resorts Inc. 3,004,274 44,553
  Innovative Industrial Properties Inc. 880,378 44,160
  Sila Realty Trust Inc. 1,731,883 41,011
  Kennedy-Wilson Holdings Inc. 3,288,434 35,581
  UMH Properties Inc. 2,399,782 34,629
*,1 Janus Living Inc. Class A 1,436,040 33,847
  RLJ Lodging Trust 4,124,181 30,601
  Centerspace 527,663 30,314
  Easterly Government Properties Inc. Class A 1,383,723 29,653
  American Assets Trust Inc. 1,535,687 28,272
* Piedmont Realty Trust Inc. 4,124,166 27,096
  Whitestone REIT 1,544,617 24,946
  JBG SMITH Properties 1,705,560 24,918
  Peakstone Realty Trust 1,123,257 23,465
  Empire State Realty Trust Inc. Class A 4,307,525 22,399
  Marcus & Millichap Inc. 767,192 20,400
  CBL & Associates Properties Inc. 488,809 18,785
  Apartment Investment & Management Co. Class A 4,571,457 18,606
  eXp World Holdings Inc. 3,039,559 18,207
  CTO Realty Growth Inc. 982,198 18,161
  Universal Health Realty Income Trust 438,138 17,731
  Gladstone Commercial Corp. 1,494,564 17,083
  NexPoint Residential Trust Inc. 672,294 16,807
* Forestar Group Inc. 642,441 15,701
  Alexander's Inc. 65,983 15,585
  Summit Hotel Properties Inc. 3,330,207 14,720
  Postal Realty Trust Inc. Class A 782,149 14,517
  Brandywine Realty Trust 5,237,949 14,195
  Farmland Partners Inc. 1,233,055 13,847
  Saul Centers Inc. 424,157 13,819
  AH Realty Trust Inc. 2,494,773 13,721
  Community Healthcare Trust Inc. 842,249 13,383
  Chiron Real Estate Inc. 398,505 13,183
* Tejon Ranch Co. 675,522 12,727
  Chatham Lodging Trust 1,469,438 11,564
  Gladstone Land Corp. 1,112,770 11,350
  One Liberty Properties Inc. 528,795 11,348
  Industrial Logistics Properties Trust 1,826,616 10,375
* Hudson Pacific Properties Inc. 1,710,339 10,108
  FrontView REIT Inc. 646,565 10,002
  SITE Centers Corp. 1,540,898 8,321
* Stratus Properties Inc. 268,186 8,185
  Alpine Income Property Trust Inc. 454,526 8,181
* FRP Holdings Inc. 359,891 7,874
  RMR Group Inc. Class A 473,349 7,323
1 Service Properties Trust 5,092,836 6,901
  NET Lease Office Properties 503,448 5,800
  Elme Communities 2,827,538 5,683
*,1 Seaport Entertainment Group Inc. 232,882 5,002
  Braemar Hotels & Resorts Inc. 2,022,463 4,773
  BRT Apartments Corp. 324,444 4,328
* Douglas Elliman Inc. 2,414,765 3,960
  Modiv Industrial Inc. Class C 270,392 3,872
  Orion Properties Inc. 1,785,535 3,839
* RE/MAX Holdings Inc. Class A 592,449 3,413
* Maui Land & Pineapple Co. Inc. 221,412 3,408
* AMREP Corp. 113,193 3,184
* Comstock Holding Cos. Inc. Class A 160,543 3,041
* Seritage Growth Properties Class A 1,081,359 3,039
* Star Holdings 388,033 2,937
  Strawberry Fields REIT Inc. 218,452 2,600
  Franklin Street Properties Corp. 2,694,319 1,790
  Global Self Storage Inc. 312,824 1,599
* Altisource Portfolio Solutions SA 203,966 1,299

          Shares Market
Value
($000)
  Bluerock Homes Trust Inc. 106,728 1,212
  Clipper Realty Inc. 390,313 1,179
*,1 Mobile Infrastructure Corp. Class A 344,020 771
*,1 Offerpad Solutions Inc. 868,887 569
* Ashford Hospitality Trust Inc. 167,593 459
* Transcontinental Realty Investors Inc. 11,158 389
* Fathom Holdings Inc. 541,054 287
*,1 reAlpha Tech Corp. 301,825 73
*,2 New York REIT Liquidating LLC 19,100 41
* American Strategic Investment Co. Class A 2,738 23
* CKX Lands Inc. 1,131 12
            47,361,683
Technology (36.2%)
  NVIDIA Corp. 733,305,621 127,888,500
  Apple Inc. 466,354,347 118,356,070
  Microsoft Corp. 235,877,602 87,314,812
  Alphabet Inc. Class A 184,949,645 53,184,120
  Broadcom Inc. 150,609,108 46,615,025
  Alphabet Inc. Class C 146,814,441 42,115,191
  Meta Platforms Inc. Class A 69,476,773 39,749,746
  Micron Technology Inc. 35,752,121 12,078,497
* Advanced Micro Devices Inc. 51,791,107 10,535,865
* Palantir Technologies Inc. Class A 69,149,664 10,115,213
  Applied Materials Inc. 25,209,396 8,616,319
  Lam Research Corp. 39,666,331 8,475,108
  Oracle Corp. 54,760,667 8,055,842
  International Business Machines Corp. 29,798,221 7,222,791
  KLA Corp. 4,163,712 6,130,691
* Intel Corp. 126,938,834 5,601,811
  Texas Instruments Inc. 28,829,131 5,596,887
  Salesforce Inc. 28,276,573 5,278,388
  Analog Devices Inc. 15,507,967 4,933,705
  Amphenol Corp. Class A 39,046,017 4,933,464
  QUALCOMM Inc. 33,894,226 4,364,898
* Palo Alto Networks Inc. 25,919,641 4,155,437
  Intuit Inc. 8,839,788 3,822,148
* ServiceNow Inc. 33,227,543 3,473,940
  Corning Inc. 24,526,939 3,334,928
* Adobe Inc. 13,038,679 3,169,442
* AppLovin Corp. Class A 7,803,363 3,105,738
  Vertiv Holdings Co. Class A 12,152,550 3,045,186
* Crowdstrike Holdings Inc. Class A 7,608,117 2,970,285
* Sandisk Corp. 4,628,925 2,940,941
  Western Digital Corp. 10,769,720 2,913,102
  Marvell Technology Inc. 27,723,912 2,746,053
  Seagate Technology Holdings plc 6,927,297 2,713,838
* Cadence Design Systems Inc. 8,763,768 2,435,188
* Synopsys Inc. 6,085,391 2,412,736
* Cloudflare Inc. Class A 9,585,168 1,977,804
  TE Connectivity plc 9,320,606 1,948,193
* DoorDash Inc. Class A 11,069,625 1,662,104
* Autodesk Inc. 6,734,740 1,612,297
  Monolithic Power Systems Inc. 1,470,116 1,607,351
  Dell Technologies Inc. Class C 9,547,241 1,566,989
* Snowflake Inc. Class A 10,329,702 1,557,926
* Fortinet Inc. 18,804,058 1,536,668
  Teradyne Inc. 4,972,696 1,474,205
* Coherent Corp. 5,955,000 1,418,541
* Strategy Inc. 9,978,705 1,245,342
* Datadog Inc. Class A 10,429,045 1,231,149
  Roper Technologies Inc. 3,269,535 1,156,958
  Microchip Technology Inc. 17,165,380 1,109,055
  Hewlett Packard Enterprise Co. 42,218,047 1,005,212
  Cognizant Technology Solutions Corp. Class A 15,191,856 932,020
* Workday Inc. Class A 6,757,832 877,978
  Jabil Inc. 3,187,041 846,574
* ON Semiconductor Corp. 12,520,021 775,240
  Qnity Electronics Inc. 6,667,870 769,339
* Flex Ltd. 11,682,622 764,744

          Shares Market
Value
($000)
* CoreWeave Inc. Class A 9,206,915 713,260
  VeriSign Inc. 2,621,352 651,039
* Zoom Communications Inc. 8,028,490 645,410
  Leidos Holdings Inc. 4,013,905 624,242
  NetApp Inc. 6,092,982 623,860
* Twilio Inc. Class A 4,814,495 605,760
* MongoDB Inc. 2,460,971 602,372
* Fabrinet 1,141,102 595,108
* Everpure Inc. Class A 9,953,795 587,672
* Reddit Inc. Class A 4,214,544 567,488
  Entegris Inc. 4,826,635 565,875
  HP Inc. 29,047,920 558,011
* PTC Inc. 3,778,202 538,356
* Akamai Technologies Inc. 4,604,944 528,878
* F5 Inc. 1,790,436 518,027
* Astera Labs Inc. 4,596,461 503,772
  CDW Corp. 4,096,868 495,803
* Credo Technology Group Holding Ltd. 5,164,310 484,774
* MACOM Technology Solutions Holdings Inc. 2,145,586 476,470
* Zscaler Inc. 3,324,585 466,406
* Tyler Technologies Inc. 1,361,002 465,980
  SS&C Technologies Holdings Inc. 6,510,508 439,915
* Okta Inc. 5,368,575 422,561
* Toast Inc. Class A 15,822,001 419,441
* Guidewire Software Inc. 2,709,638 405,253
* Lattice Semiconductor Corp. 4,356,126 404,074
  TD SYNNEX Corp. 2,302,364 388,432
  Advanced Energy Industries Inc. 1,202,661 388,111
* HubSpot Inc. 1,586,614 387,292
* CACI International Inc. Class A 703,460 382,591
* Atlassian Corp. Class A 5,391,467 367,968
*,1 Super Micro Computer Inc. 16,153,020 367,804
* Dynatrace Inc. 9,477,126 350,464
* GoDaddy Inc. Class A 4,237,169 350,287
* Gartner Inc. 2,127,686 336,898
  Gen Digital Inc. 17,302,034 325,797
* Nutanix Inc. Class A 8,554,869 325,171
* Samsara Inc. Class A 10,249,664 324,812
* Pinterest Inc. Class A 17,675,454 324,168
* Onto Innovation Inc. 1,575,222 323,031
* TTM Technologies Inc. 3,126,735 304,607
*,1 IonQ Inc. 10,491,687 302,475
* Docusign Inc. 6,337,606 300,466
* Rambus Inc. 3,428,732 294,974
  Skyworks Solutions Inc. 4,789,190 256,461
* Manhattan Associates Inc. 1,896,731 252,493
* SiTime Corp. 706,734 244,071
* Unity Software Inc. 11,052,691 242,496
* FormFactor Inc. 2,465,243 239,104
* Cirrus Logic Inc. 1,628,753 235,550
* Arrow Electronics Inc. 1,614,067 231,473
  Match Group Inc. 7,390,855 226,973
* Semtech Corp. 2,943,733 226,344
* Rubrik Inc. Class A 4,589,191 224,733
* EPAM Systems Inc. 1,634,835 221,357
*,1 Procore Technologies Inc. 3,820,078 217,744
* Silicon Laboratories Inc. 1,045,713 217,665
* Sanmina Corp. 1,648,286 213,684
* DigitalOcean Holdings Inc. 2,439,429 209,254
* Qorvo Inc. 2,650,796 205,172
* Maplebear Inc. 5,356,406 200,651
*,1 Applied Digital Corp. 7,567,061 179,642
  Paycom Software Inc. 1,464,550 178,001
*,1 Figma Inc. Class A 8,414,824 177,889
  Amkor Technology Inc. 3,931,717 177,045
* Plexus Corp. 851,493 172,461
*,1 Terawulf Inc. 11,324,860 163,418
1 Bentley Systems Inc. Class B 4,645,796 163,160
*,1 D-Wave Quantum Inc. 11,074,818 159,810
  Avnet Inc. 2,576,344 158,754

          Shares Market
Value
($000)
* Snap Inc. Class A 34,224,325 157,432
*,1 Cipher Digital Inc. 12,231,031 157,413
* JFrog Ltd. 3,195,733 149,976
* Hut 8 Corp. 3,187,991 149,549
  KBR Inc. 4,027,857 148,467
*,1 UiPath Inc. Class A 13,047,012 144,822
* Elastic NV 2,861,282 143,035
* Rigetti Computing Inc. 9,994,928 140,329
*,1 Core Scientific Inc. 9,373,974 140,235
  Clear Secure Inc. Class A 2,856,265 138,272
* SentinelOne Inc. Class A 10,634,871 136,977
  Science Applications International Corp. 1,434,949 136,205
*,1 Novanta Inc. 1,148,057 135,597
  Universal Display Corp. 1,405,493 128,827
  Pegasystems Inc. 2,970,132 126,409
* Fastly Inc. Class A 4,284,296 124,502
*,1 ServiceTitan Inc. Class A 1,927,722 122,333
* Allegro MicroSystems Inc. 3,842,609 121,157
  Dolby Laboratories Inc. Class A 1,940,330 116,536
* Appfolio Inc. Class A 735,824 116,128
* Commvault Systems Inc. 1,414,407 110,168
* CCC Intelligent Solutions Holdings Inc. 18,347,830 110,087
* Dropbox Inc. Class A 4,727,474 107,408
* Box Inc. Class A 4,376,659 103,464
*,1 Zeta Global Holdings Corp. Class A 6,368,733 101,390
* Qualys Inc. 1,117,179 98,144
*,1 Life360 Inc. 2,366,479 96,600
* AXT Inc. 1,669,279 95,116
* Diodes Inc. 1,392,850 95,076
* Workiva Inc. Class A 1,582,132 94,343
* nLight Inc. 1,652,083 94,202
* Impinj Inc. 913,672 93,834
* Parsons Corp. 1,707,933 92,519
* Kyndryl Holdings Inc. 7,047,692 92,466
* IPG Photonics Corp. 806,609 92,429
* Gitlab Inc. Class A 4,249,990 91,970
  Power Integrations Inc. 1,790,127 91,654
* Axcelis Technologies Inc. 984,261 91,615
* Q2 Holdings Inc. 1,898,836 89,815
  RingCentral Inc. Class A 2,370,503 88,159
*,1 Klaviyo Inc. Class A 4,385,064 85,333
* Ultra Clean Holdings Inc. 1,365,077 84,880
*,1 SoundHound AI Inc. Class A 12,339,709 84,774
* Cargurus Inc. Class A 2,453,623 83,546
* Synaptics Inc. 1,182,538 82,825
* IAC Inc. 2,056,620 82,326
  Adeia Inc. 3,299,093 79,277
* Varonis Systems Inc. 3,590,159 77,081
* Photronics Inc. 1,786,892 72,208
* Teradata Corp. 2,812,749 72,091
  Vishay Intertechnology Inc. 3,958,543 71,254
  CSG Systems International Inc. 861,992 68,908
* Onestream Inc. Class A 2,859,683 68,632
* NetScout Systems Inc. 2,157,672 68,592
* SPS Commerce Inc. 1,211,001 67,416
* DXC Technology Co. 5,277,304 66,336
* Ambarella Inc. 1,284,889 66,140
* Insight Enterprises Inc. 983,619 65,912
*,1 Cleanspark Inc. 7,739,653 65,864
* Alarm.com Holdings Inc. 1,515,656 65,461
* Veeco Instruments Inc. 1,905,777 64,530
* Tenable Holdings Inc. 3,792,687 64,153
  ePlus Inc. 846,531 63,701
* ACM Research Inc. Class A 1,615,861 63,584
* Braze Inc. Class A 2,684,977 63,392
* BlackLine Inc. 1,697,947 62,824
* Rogers Corp. 579,309 62,177
  Benchmark Electronics Inc. 1,098,360 61,574
* Freshworks Inc. Class A 7,626,679 61,242
* Xometry Inc. Class A 1,442,753 58,922

          Shares Market
Value
($000)
* Agilysys Inc. 808,927 57,547
* Blackbaud Inc. 1,470,513 56,777
*,1 Navitas Semiconductor Corp. Class A 6,247,847 54,794
* Diebold Nixdorf Inc. 706,906 53,329
  A10 Networks Inc. 2,247,182 51,955
* Magnite Inc. 4,346,318 51,634
*,1 Trump Media & Technology Group Corp. 5,426,882 50,361
* nCino Inc. 3,356,005 50,273
* Ziff Davis Inc. 1,185,646 49,750
* AvePoint Inc. 5,216,030 49,604
* LiveRamp Holdings Inc. 1,857,191 49,253
*,1 BigBear.ai Holdings Inc. 13,933,764 49,047
* Ichor Holdings Ltd. 1,026,712 47,855
* Intapp Inc. 1,823,399 46,843
* Yelp Inc. Class A 1,843,474 45,608
* MaxLinear Inc. Class A 2,607,704 45,348
*,1 NextNav Inc. 2,817,924 45,143
1 Concentrix Corp. 1,618,598 44,285
* DoubleVerify Holdings Inc. 4,619,221 43,883
*,1 Quantum Computing Inc. 6,402,857 43,860
* ZoomInfo Technologies Inc. Class A 7,305,591 43,687
* Cohu Inc. 1,401,257 42,906
  CTS Corp. 888,291 42,425
*,1 Figure Technology Solutions Inc. Class A 1,095,690 37,199
*,1 Innodata Inc. 957,140 36,965
* Ouster Inc. 1,931,733 35,486
*,1 C3.ai Inc. Class A 4,213,233 35,475
* Progress Software Corp. 1,379,679 35,389
* Five9 Inc. 2,324,655 35,265
*,1 Alkami Technology Inc. 2,201,258 34,494
*,1 Aehr Test Systems 928,847 34,442
* PDF Solutions Inc. 998,562 32,663
*,1 NIQ Global Intelligence plc 2,843,787 32,334
* SkyWater Technology Inc. 1,174,492 32,193
* Appian Corp. Class A 1,163,315 28,048
* Penguin Solutions Inc. 1,578,185 27,776
*,1 NCR Voyix Corp. 4,385,381 27,759
* Vertex Inc. Class A 2,218,642 26,380
  Ingram Micro Holding Corp. 1,125,100 26,226
* SEMrush Holdings Inc. Class A 2,083,588 24,878
* Daktronics Inc. 1,219,771 23,847
* ScanSource Inc. 654,901 23,773
*,1 Wolfspeed Inc. 1,435,013 23,419
*,1 SailPoint Inc. 1,753,026 23,210
* Sprinklr Inc. Class A 3,824,212 22,945
* Schrodinger Inc. 1,922,067 21,835
  PC Connection Inc. 368,558 21,546
* Amplitude Inc. Class A 2,929,527 19,979
* Mitek Systems Inc. 1,347,395 18,190
* Kimball Electronics Inc. 764,178 18,103
*,1 indie Semiconductor Inc. Class A 5,410,238 17,421
*,1 Asana Inc. Class A 2,688,468 17,206
*,1 Serve Robotics Inc. 2,036,569 17,189
*,1 PAR Technology Corp. 1,285,788 17,140
* PagerDuty Inc. 2,749,180 17,072
* Alpha & Omega Semiconductor Ltd. 749,077 16,600
* Arteris Inc. 961,143 15,801
* Ambiq Micro Inc. 609,763 15,494
* CEVA Inc. 801,663 14,975
* Bandwidth Inc. Class A 839,907 14,967
*,1 Navan Inc. Class A 1,096,894 14,523
*,1 Rumble Inc. 2,683,411 13,685
* EverQuote Inc. Class A 878,443 13,546
* Consensus Cloud Solutions Inc. 567,206 13,465
1 Shutterstock Inc. 775,995 12,889
*,1 Netskope Inc. Class A 1,501,659 12,749
*,1 Kopin Corp. 5,448,047 12,258
* Red Violet Inc. 351,075 12,147
  OneSpan Inc. 1,132,596 11,926
* Blend Labs Inc. Class A 6,824,116 11,601

          Shares Market
Value
($000)
* N-able Inc. 2,464,736 11,510
* Grid Dynamics Holdings Inc. 1,988,574 11,335
*,1 Aeva Technologies Inc. 849,416 11,178
* Powerfleet Inc. 3,618,222 11,144
*,1 Ibotta Inc. Class A 357,707 10,720
*,1 Grindr Inc. 883,619 10,683
* Rapid7 Inc. 1,938,367 10,680
  Climb Global Solutions Inc. 522,016 10,346
  NVE Corp. 149,719 9,807
* Digital Turbine Inc. 3,348,570 9,644
* Nextdoor Holdings Inc. 6,887,234 9,642
*,1 Yext Inc. 2,509,647 9,637
* NerdWallet Inc. Class A 927,254 9,625
* PubMatic Inc. Class A 1,175,859 9,619
  Hackett Group Inc. 710,875 9,248
* MediaAlpha Inc. Class A 981,800 9,131
*,1 Groupon Inc. 761,571 9,063
* Sprout Social Inc. Class A 1,580,250 9,007
* Weave Communications Inc. 1,934,174 8,936
* Cerence Inc. 1,271,166 8,021
* ON24 Inc. 986,648 7,992
* Bumble Inc. Class A 2,323,668 7,575
* Angi Inc. Class A 1,084,518 7,429
*,1 Datavault AI Inc. (XNCM) 11,632,121 7,192
* SmartRent Inc. Class A 4,755,163 7,133
* Rimini Street Inc. 2,080,379 6,824
* Telos Corp. 1,597,835 6,695
* Asure Software Inc. 775,410 6,669
* Simulations Plus Inc. 537,490 6,353
* inTEST Corp. 460,795 6,290
*,1 MicroVision Inc. 9,446,026 6,057
  Methode Electronics Inc. 1,066,057 5,885
*,1 Aeluma Inc. 446,381 5,843
* Backblaze Inc. Class A 1,640,455 5,660
*,1 Veritone Inc. 2,800,657 5,517
*,1 Duos Technologies Group Inc. 794,186 5,448
* Commerce.com Inc. 2,006,813 5,358
*,1 Via Transportation Inc. Class A 356,831 5,352
* Viant Technology Inc. Class A 468,891 5,252
* One Stop Systems Inc. 693,556 5,250
*,1 Blaize Holdings Inc. 2,837,306 5,164
  Immersion Corp. 945,008 5,160
* Everspin Technologies Inc. 584,800 5,140
* Amtech Systems Inc. 430,540 5,029
* 1stdibs.com Inc. 908,280 4,996
* GSI Technology Inc. 919,431 4,726
* eGain Corp. 595,590 4,699
* Intellicheck Inc. 668,560 4,673
1 Xerox Holdings Corp. 3,578,710 4,617
*,1 Tucows Inc. Class A 257,905 4,426
* Unisys Corp. 2,112,468 4,373
*,1 TON Strategy Co. 1,716,200 4,239
*,1 QuickLogic Corp. 441,646 4,143
*,1 Brand Engagement Network Inc. 105,381 3,994
  Richardson Electronics Ltd. 356,083 3,899
* TechTarget Inc. 890,567 3,455
*,1 Atomera Inc. 890,855 3,394
*,1 Rackspace Technology Inc. 3,402,753 3,334
1 ReposiTrak Inc. 435,859 3,313
* Kaltura Inc. 2,641,043 3,222
*,1 Rekor Systems Inc. 3,768,745 3,090
*,1 Getty Images Holdings Inc. 3,878,650 3,077
*,1 KULR Technology Group Inc. 1,291,985 3,062
* Domo Inc. Class B 986,416 3,018
* Identiv Inc. 800,059 2,960
* CS Disco Inc. 759,612 2,902
*,1 Datacentrex Inc. 1,317,363 2,832
*,1 XTI Aerospace Inc. 1,333,300 2,760
*,1 Digimarc Corp. 549,644 2,699
  CSP Inc. 272,265 2,355

          Shares Market
Value
($000)
* AstroNova Inc. 244,374 2,246
*,1 Arena Group Holdings Inc. 979,043 2,125
* WM Technology Inc. 3,121,918 2,055
* KORE Group Holdings Inc. 225,868 2,037
1 BTCS Inc. 1,331,894 1,851
* DLH Holdings Corp. 305,738 1,779
*,1 Quantum Corp. 374,196 1,777
* Silvaco Group Inc. 238,522 1,689
*,1 VirnetX Holding Corp. 113,293 1,570
* AudioEye Inc. 242,739 1,546
* NetSol Technologies Inc. 439,236 1,489
*,1 Airship AI Holdings Inc. 651,075 1,471
* Expensify Inc. Class A 1,664,862 1,448
  Zedge Inc. Class B 445,793 1,306
* WidePoint Corp. 259,060 1,293
* Trio-Tech International 212,340 1,227
* Phunware Inc. 656,562 1,162
*,1 Pixelworks Inc. 200,989 1,085
* comScore Inc. 148,108 1,028
* ACCESS Newswire Inc. 107,686 954
* Beachbody Co. Inc. 86,477 939
* TransAct Technologies Inc. 265,639 874
* Key Tronic Corp. 315,028 860
*,1 LivePerson Inc. 337,107 860
*,1 Vivid Seats Inc. Class A 140,650 831
* Aware Inc. 631,259 789
* Inuvo Inc. 377,482 781
* CVD Equipment Corp. 182,583 756
*,1 Nuburu Inc. 4,014,560 712
* Upland Software Inc. 919,599 612
* Creative Realities Inc. 166,816 574
* Gloo Holdings Inc. Class A 113,004 544
* Mastech Digital Inc. 95,432 543
* Data I/O Corp. 208,781 528
*,1 Mobix Labs Inc. 1,304,623 436
*,1 PSQ Holdings Inc. Class A 815,759 432
*,1 Nixxy Inc. 398,877 425
* BuzzFeed Inc. Class A 610,151 371
*,1 authID Inc. 274,478 357
* Research Frontiers Inc. 276,087 249
*,1 Laser Photonics Corp. 228,813 229
* Glimpse Group Inc. 427,800 221
* Intelligent Protection Management Corp. 139,605 214
*,1 Veea Inc. 343,900 183
* Giftify Inc. 162,064 162
* Intellinetics Inc. 19,545 146
* Skillz Inc. Class A 43,740 113
* Nortech Systems Inc. 9,179 112
* Data Storage Corp. 23,118 89
* Marygold Cos. Inc. 53,168 61
*,1 System1 Inc. 17,069 52
* Alpha Modus Holdings Inc. 84,627 31
* FiscalNote Holdings Inc. 2
*,2 Pivotal Software Inc. 2,226,463
*,1,2 Datavault AI Inc. 121,714
            722,351,134
Telecommunications (2.1%)
  Cisco Systems Inc. 112,924,516 8,761,813
  AT&T Inc. 222,381,107 6,446,828
  Verizon Communications Inc. 120,577,891 6,053,010
* Arista Networks Inc. 33,928,794 4,165,777
  Comcast Corp. Class A 113,982,455 3,272,436
  T-Mobile US Inc. 14,003,656 2,941,188
  Motorola Solutions Inc. 5,262,847 2,283,918
* Ciena Corp. 4,490,542 1,743,363
* Lumentum Holdings Inc. 2,268,168 1,593,978
*,1 AST SpaceMobile Inc. Class A 8,248,027 683,514
*,1 Charter Communications Inc. Class A 2,613,952 564,300
* EchoStar Corp. Class A 4,235,213 495,816

          Shares Market
Value
($000)
* Roku Inc. 4,166,432 394,228
  InterDigital Inc. 813,106 245,558
* Viavi Solutions Inc. 7,353,425 244,722
* Lumen Technologies Inc. 29,400,253 204,332
* Applied Optoelectronics Inc. 2,269,957 192,016
* Liberty Broadband Corp. Class C 3,783,643 190,317
* Viasat Inc. 4,091,242 187,379
  Telephone & Data Systems Inc. 3,036,680 127,844
* Vistance Networks Inc. 6,861,383 124,877
* Globalstar Inc. 1,616,056 107,339
* Calix Inc. 1,903,704 93,263
  Iridium Communications Inc. 2,778,454 77,074
  Uniti Group Inc. 7,620,809 71,483
* Extreme Networks Inc. 4,057,185 61,182
* Digi International Inc. 1,114,972 53,742
* GCI Liberty Inc. Class C 1,073,982 39,963
* ADTRAN Holdings Inc. 2,516,922 31,663
  IDT Corp. Class B 632,098 31,036
*,1 Lightwave Logic Inc. 4,342,951 30,531
* Harmonic Inc. 3,333,860 29,938
  Cogent Communications Holdings Inc. 1,543,223 29,074
* Liberty Broadband Corp. Class A 514,617 25,844
  Shenandoah Telecommunications Co. 1,621,397 25,002
  Array Digital Infrastructure Inc. 503,310 23,223
* NETGEAR Inc. 865,287 18,898
* Anterix Inc. 351,793 13,435
* Cable One Inc. 141,388 12,896
* Ooma Inc. 779,871 11,347
* Optimum Communications Inc. Class A 8,372,524 10,884
* Gogo Inc. 2,523,172 10,143
* Clearfield Inc. 371,525 9,834
  ATN International Inc. 301,591 8,209
*,1 fuboTV Inc. Class A 852,393 8,064
* Aviat Networks Inc. 355,692 8,042
* Xperi Inc. 1,379,319 7,724
* BK Technologies Corp. 94,379 7,044
  Spok Holdings Inc. 615,117 6,705
* 8x8 Inc. 4,036,777 6,701
* Ribbon Communications Inc. 3,068,300 6,505
* Lantronix Inc. 1,050,316 5,504
* KVH Industries Inc. 527,571 4,727
* GCI Liberty Inc. Class A 115,298 4,249
*,1 Inseego Corp. 376,559 4,187
* Crexendo Inc. 530,206 3,271
* Comtech Telecommunications Corp. 842,420 2,797
* Genasys Inc. 1,303,758 2,373
* Airgain Inc. 345,269 1,899
* Optical Cable Corp. 142,353 1,174
  Franklin Wireless Corp. 296,350 1,129
  Network-1 Technologies Inc. 392,041 565
* SurgePays Inc. 418,431 314
* NextPlat Corp. 44,512 17
            41,826,208
Utilities (2.8%)
  NextEra Energy Inc. 66,185,225 6,147,284
  Southern Co. 34,954,451 3,373,804
  Duke Energy Corp. 24,711,156 3,235,679
  Waste Management Inc. 12,810,512 2,943,728
  Constellation Energy Corp. 9,785,212 2,732,520
  American Electric Power Co. Inc. 17,178,720 2,251,787
  Sempra 20,726,707 2,014,014
  Dominion Energy Inc. 27,903,039 1,724,966
  Vistra Corp. 10,765,978 1,618,449
  Entergy Corp. 14,394,588 1,617,376
  Xcel Energy Inc. 19,815,584 1,574,150
  Exelon Corp. 32,072,902 1,572,214
  Republic Services Inc. 6,374,763 1,396,201
  Waste Connections Inc. 8,122,609 1,319,437
  Consolidated Edison Inc. 11,489,960 1,300,434

          Shares Market
Value
($000)
  Public Service Enterprise Group Inc. 15,844,689 1,282,628
  WEC Energy Group Inc. 10,346,829 1,197,852
  PG&E Corp. 68,008,595 1,194,911
  NRG Energy Inc. 6,746,716 985,965
  Atmos Energy Corp. 5,254,204 970,557
  Ameren Corp. 8,772,505 964,274
  CenterPoint Energy Inc. 20,770,225 896,443
  Edison International 12,207,679 893,358
  FirstEnergy Corp. 17,440,887 883,555
  PPL Corp. 22,675,430 866,201
  American Water Works Co. Inc. 6,196,875 843,333
  Eversource Energy 11,943,286 827,431
  DTE Energy Co. 5,616,305 821,216
  CMS Energy Corp. 9,703,764 752,818
  NiSource Inc. 15,222,738 710,293
  Alliant Energy Corp. 8,146,097 584,564
  Evergy Inc. 6,916,579 566,606
* Talen Energy Corp. 1,446,697 461,829
* Clean Harbors Inc. 1,511,221 433,312
  Pinnacle West Capital Corp. 3,841,905 387,072
  Essential Utilities Inc. 9,006,564 362,694
  AES Corp. 22,659,369 319,270
  OGE Energy Corp. 6,538,141 313,569
  National Fuel Gas Co. 3,015,696 283,355
  IDACORP Inc. 1,742,973 249,193
  UGI Corp. 6,821,459 248,437
*,1 Oklo Inc. Class A 4,220,321 209,286
  Ormat Technologies Inc. 1,840,963 206,041
  TXNM Energy Inc. 3,437,408 200,951
  Portland General Electric Co. 3,663,687 193,333
  Southwest Gas Holdings Inc. 2,168,694 188,459
  New Jersey Resources Corp. 3,203,734 175,949
  ONE Gas Inc. 2,001,383 172,379
  Black Hills Corp. 2,394,134 166,177
  Spire Inc. 1,788,544 161,935
* Casella Waste Systems Inc. Class A 1,988,351 157,756
  MDU Resources Group Inc. 6,506,264 134,810
  Northwestern Energy Group Inc. 1,962,796 129,427
  Avista Corp. 2,594,607 104,147
  Clearway Energy Inc. Class C 2,462,079 96,735
  Chesapeake Utilities Corp. 756,528 95,602
* Sunrun Inc. 7,049,772 95,595
*,1 NuScale Power Corp. Class A 8,623,380 93,477
  American States Water Co. 1,231,169 93,101
  MGE Energy Inc. 1,171,498 90,545
  California Water Service Group 1,895,262 85,931
* Hawaiian Electric Industries Inc. 5,234,553 77,681
  H2O America 1,206,848 70,806
  Northwest Natural Holding Co. 1,296,033 68,975
  Clearway Energy Inc. Class A 1,353,032 52,998
* Enviri Corp. 2,277,049 44,676
  Middlesex Water Co. 600,182 31,239
  Unitil Corp. 591,561 30,903
  Excelerate Energy Inc. Class A 760,686 25,422
*,1 NANO Nuclear Energy Inc. 1,195,011 24,474
* Hallador Energy Co. 1,025,786 16,700
  Consolidated Water Co. Ltd. 496,323 16,438
  York Water Co. 473,337 14,413
  Artesian Resources Corp. Class A 274,863 8,754
  Genie Energy Ltd. Class B 608,409 8,603
* Cadiz Inc. 1,670,464 8,202
* Pure Cycle Corp. 615,705 6,194
* Perma-Fix Environmental Services Inc. 550,971 5,890
  RGC Resources Inc. 251,023 5,535
*,1 ALT5 Sigma Corp. 3,924,878 4,357
  Global Water Resources Inc. 439,882 3,339
* Arq Inc. 1,056,800 2,705
* Spruce Power Holding Corp. 423,209 1,735
*,1 Net Power Inc. 1,099,992 1,716
* Quest Resource Holding Corp. 547,428 651

          Shares Market
Value
($000)
* Zeo Energy Corp. 340,315 195
  Royalty Management Holding Corp. 40,644 121
            56,507,137
Total Common Stocks (Cost $812,236,450) 1,985,199,803
Preferred Stocks (0.0%)
*,1,2 ClearOne Inc. Preference Shares 24,648 5
*,2 Next Bridge Hydrocarbons Inc. Preference Shares 103,600
2 BTCS Inc. Preference Shares 280,193
*,1,2 Nutriband Inc. Preference Shares 30,646
Total Preferred Stocks (Cost $305) 5
Rights (0.0%)
*,1,2 Korro Bio Inc. CVR 1,246,700 2,445
*,1,2 Tobira Therapeutics Inc. CVR Exp. 12/31/2028 201,001 911
*,2 Sanofi Aatd Inc. CVR 1,216,278 788
*,2 Spectrum Pharmaceuticals Inc. CVR 5,990,797 488
*,2 Adverum Biotechnologies Inc. CVR 572,302 458
*,2 Enliven Therapeutics Inc. CVR 370,003 334
* M-Tron Industries Inc. Exp. 4/15/2026 78,163 164
*,2 Coherus BioSciences Inc. CVR 1,709,153 161
*,2 Gyre Therapeutics Inc. CVR 826,502 83
*,1,2 FG Nexus Inc. CVR 14,902 81
*,2 Chinook Therapeutics Inc. CVR 415,255 76
*,1,2 Q32 Bio Inc. CVR 1,354,738 12
*,2 Alexza Pharmaceuticals Inc. CVR 327,391 11
*,1,2 Oncternal Therapeutics Inc. CVR 8,933 9
*,2 F-star Therapeutics Inc. CVR 122,042 8
*,2 Dianthus Therapeutics Inc. CVR 1,432,921 7
*,1,2 BlackBox Inc. CVR 27,277 7
*,2 Akero Therapeutics Inc. CVR 2,352 2
*,2 Metsera Inc. CVR 245 1
*,2 Ambit Biosciences Corp. CVR 201,330
*,2 ABIOMED Inc. CVR 264
*,2 OmniAb Inc. 12.5 Earnout 186,267
*,2 OmniAb Inc. 15 Earnout 186,267
*,1,2 Carisma Therapeutics Inc. CVR 6,822,627
*,2 Neurogene Inc. CVR 98,708
*,1,2 Traws Pharma Inc. CVR 365,661
*,2 Tectonic Therapeutic Inc. CVR 110,889
*,2 Ikena Oncology Securities Corp. CVR 1,028,743
Total Rights (Cost $5,033) 6,046
Warrants (0.0%)
* Altisource Portfolio Solutions SA Exp. 4/30/2032 582,728 223
*,1 Altisource Portfolio Solutions SA Exp. 4/2/2029 582,728 123
* Presidio Property Trust Inc. Exp. 1/24/2027 110,319 2
* SELLAS Life Sciences Group Inc. Exp. 4/5/2027 40,000
* Tempest Therapeutics Inc. Exp. 2/3/2031 104,944
Total Warrants (Cost $—) 348

      Coupon   Shares Market
Value
($000)
Temporary Cash Investments (0.5%)
Money Market Fund (0.5%)
4,5 Vanguard Market Liquidity Fund
(Cost $10,177,264)
3.687%   101,793,916 10,178,373
Total Investments (100.1%) (Cost $822,419,052)   1,995,384,575
Other Assets and Liabilities—Net (-0.1%)   (2,918,367)
Net Assets (100%)   1,992,466,208
Cost is in $000.
* Non-income-producing security.
1 Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $4,574,944.
2 Security value determined using significant unobservable inputs.
3 Considered an affiliated company of the fund as the fund owns more than 5% of the outstanding voting securities of such company.
4 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
5 Collateral of $4,675,361 was received for securities on loan.
  CVR—Contingent Value Rights.
  REIT—Real Estate Investment Trust.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts
E-mini Russell 2000 Index June 2026 4,224 530,577 3,257
E-mini S&P 500 Index June 2026 11,609 3,813,992 (17,339)
E-mini S&P Mid-Cap 400 Index June 2026 194 65,892 627
        (13,455)
    
Over-the-Counter Total Return Swaps
Reference Entity Termination
Date
Counterparty Notional
Amount
($000)
Floating
Interest
Rate
Received
(Paid)1
(%)
Value and
Unrealized
Appreciation
($000)
Value and
Unrealized
(Depreciation)
($000)
Arbor Realty Trust Inc. 2/1/2027 GSI 3,850 (3.640) (1)
Bank of America Corp. 2/1/2027 CITNA 356,595 (4.490) 11,540
Citigroup Inc. 8/31/2027 BANA 221,125 (4.380) (2,201)
Global Payments Inc. 8/31/2026 BANA 23,187 (4.367) (1,152)
Goldman Sachs Group Inc. 8/31/2027 BANA 407,930 (4.460) 1,758
JPMorgan Chase & Co. 8/31/2027 BANA 1,443,370 (4.435) (7,045)
NetApp Inc. 8/31/2026 BANA 18,542 (4.314) (560)
PayPal Holdings Inc. 8/31/2026 BANA 84,575 (4.466) 664
Raymond James Financial Inc. 2/1/2027 CITNA 7,941 (4.140) 42
VICI Properties Inc. Class A 8/31/2026 BANA 71,823 (4.336) 1,839
Visa Inc. Class A 8/31/2026 BANA 312,533 (3.630) (2,894)
          15,843 (13,853)
1 Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/(paid) monthly.
BANA—Bank of America, N.A.
CITNA—Citibank, N.A.
GSI—Goldman Sachs International.

A.  Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Other temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
B.  Foreign Currency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the fund’s pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
C.  Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
D.  Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks or indexes in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.
A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.
E.  Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.

The following table summarizes the market value of the fund's investments and derivatives as of March 31, 2026, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 1,985,199,607 196 1,985,199,803
Preferred Stocks 5 5
Rights 164 5,882 6,046
Warrants 348 348
Temporary Cash Investments 10,178,373 10,178,373
Total 1,995,378,492 6,083 1,995,384,575
Derivative Financial Instruments        
Assets        
Futures Contracts1 3,884 3,884
Swap Contracts 15,843 15,843
Total 3,884 15,843 19,727
Liabilities        
Futures Contracts1 (17,339) (17,339)
Swap Contracts (13,853) (13,853)
Total (17,339) (13,853) (31,192)
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.
F.  Certain of the fund’s investments are in companies that are considered to be affiliated companies of the fund because the fund owns more than 5% of the outstanding voting securities of the company or the issuer is another member of The Vanguard Group. Transactions during the period in securities of these companies were as follows:
    Current Period Transactions  
  Dec. 31, 2025
Market Value
($000)
Purchases
at Cost
($000)
Proceeds
from
Securities
Sold
($000)
Realized
Net Gain
(Loss)
($000)
Change in
Unrealized
App. (Dep.)
($000)
Income
($000)
Capital Gain
Distributions
Received
($000)
Mar. 31, 2026
Market Value
($000)
Coeptis Therapeutics Holdings Inc. 3,820 182 (19) (761) NA1
FG Nexus Inc. NA2 4,905 (3,230) 1,675
Vanguard Market Liquidity Fund 8,262,624 NA3 NA3 (438) (602) 50,909 10,178,373
Total 8,266,444 4,905 182 (457) (4,593) 50,909 10,180,048
1 Not applicable—at March 31, 2026, the security was still held, but the issuer was no longer an affiliated company of the fund.
2 Not applicable—at December 31, 2025, the issuer was not an affiliated company of the fund.
3 Not applicable—purchases and sales are for temporary cash investment purposes.