Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (51 quarters reported)
$778M in Q1 2013 → $1.08B now. Hover for any quarter.
As reported for the quarter ended September 30, 2025. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Pegasystems Inc | 17.9% | Trimmed 4.6% | 3,380,345 | $194M |
| Block Inc | 13.3% | Trimmed 7.3% | 1,991,847 | $144M |
| Workday Inc. | 13.2% | Added 11% | 593,755 | $143M |
| Interactive Brokers Group Inc | 13.1% | Trimmed 32% | 2,060,589 | $142M |
| Costar Group | 9.5% | Added 1.0% | 1,226,251 | $103M |
| Etsy Inc | 8.7% | Trimmed 0.5% | 1,425,825 | $94.7M |
| Align Technology Inc. | 7.0% | Added 19% | 609,722 | $76.3M |
| Wayfair Inc | 5.5% | Trimmed 8.6% | 672,486 | $60.1M |
| Medpace Holdings, Inc. | 5.3% | Trimmed 29% | 111,507 | $57.3M |
| GM Globus Medical Inc Class A | 2.8% | New | 521,129 | $29.8M |
| Veeva Systems Inc. | 2.0% | Trimmed 21% | 73,360 | $21.9M |
| Onto Innovation Inc. | 0.9% | New | 75,450 | $9.75M |
| Middleby Corp | 0.7% | Unchanged | 54,625 | $7.26M |
| AC Amphenol Corporation Class A | 0.0% | Unchanged | 353 | $43.7K |
| Stonex Group Inc | 0.0% | Trimmed 100% | 402 | $40.6K |
| HC Heico Corporation Class A | 0.0% | Unchanged | 122 | $31K |
| Api Group Corporation | 0.0% | Added 50% | 877 | $30.1K |
| Ametek Inc | 0.0% | Unchanged | 152 | $28.6K |
| Brown & Brown Inc | 0.0% | Unchanged | 259 | $24.3K |
| Ferguson Enterprises Inc. | 0.0% | Unchanged | 103 | $23.1K |
| Watsco Inc | 0.0% | Unchanged | 45 | $18.2K |
| Moody`s Corporation | 0.0% | Unchanged | 34 | $16.2K |
| Tyler Technologies, Inc. | 0.0% | Unchanged | 28 | $14.6K |
| Verisk Analytics Inc. | 0.0% | Unchanged | 58 | $14.6K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Interactive Brokers Group Inc | Trimmed | −950,511 | −$65.4M | 13.1% |
| GM Globus Medical Inc Class A | New | +521,129 | +$29.8M | 2.8% |
| Medpace Holdings, Inc. | Trimmed | −45,577 | −$23.4M | 5.3% |
| Workday Inc. | Added | +60,920 | +$14.7M | 13.2% |
| Align Technology Inc. | Added | +97,378 | +$12.2M | 7.0% |
| Block Inc | Trimmed | −157,116 | −$11.4M | 13.3% |
| Stonex Group Inc | Trimmed | −99,500 | −$10M | — |
| Onto Innovation Inc. | New | +75,450 | +$9.75M | 0.9% |
| Pegasystems Inc | Trimmed | −162,371 | −$9.34M | 17.9% |
| Veeva Systems Inc. | Trimmed | −20,001 | −$5.96M | 2.0% |
Showing the 10 largest of 14 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Interactive Brokers Group Inc | Added | +2,166,563 | +$120M | 16.2% |
| Pegasystems Inc | Added | +1,536,726 | +$83.2M | 18.6% |
| Medpace Holdings, Inc. | Added | +119,608 | +$37.5M | 4.8% |
| Workday Inc. | Trimmed | −37,998 | −$9.12M | 12.4% |
| Block Inc | Trimmed | −119,142 | −$8.09M | 14.2% |
| Middleby Corp | New | +54,625 | +$7.87M | 0.8% |
| Costar Group | Added | +81,650 | +$6.56M | 9.5% |
| Align Technology Inc. | Trimmed | −25,262 | −$4.78M | 9.4% |
| Etsy Inc | Trimmed | −75,530 | −$3.79M | 7.0% |
| Veeva Systems Inc. | Trimmed | −11,000 | −$3.17M | 2.6% |
Showing the 10 largest of 18 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Costar Group | Added | +483,797 | +$38.3M | 10.5% |
| Pegasystems Inc | Trimmed | −358,959 | −$25M | 16.4% |
| Etsy Inc | Trimmed | −382,644 | −$18.1M | 8.4% |
| Interactive Brokers Group Inc | Trimmed | −107,110 | −$17.7M | 16.4% |
| Block Inc | Trimmed | −320,511 | −$17.4M | 14.5% |
| Twilio Inc. | Exited | −159,045 | −$17.2M | — |
| Workday Inc. | Trimmed | −52,752 | −$12.3M | 15.6% |
| Medpace Holdings, Inc. | New | +37,476 | +$11.4M | 1.3% |
| Stonex Group Inc | New | +109,902 | +$8.39M | 1.0% |
| Veeva Systems Inc. | Trimmed | −25,869 | −$5.99M | 2.8% |
Showing the 10 largest of 23 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Block Inc | Trimmed | −364,618 | −$31M | 19.8% |
| Interactive Brokers Group Inc | Trimmed | −164,877 | −$29.1M | 15.1% |
| Pegasystems Inc | Trimmed | −290,403 | −$27.1M | 19.8% |
| Despegar.com Corp | Trimmed | −558,004 | −$10.7M | — |
| Workday Inc. | Trimmed | −28,547 | −$7.37M | 14.5% |
| Twilio Inc. | Trimmed | −55,090 | −$5.95M | 1.5% |
| Veeva Systems Inc. | Added | +8,400 | +$1.77M | 2.5% |
| Etsy Inc | Trimmed | −30,474 | −$1.61M | 9.0% |
| Align Technology Inc. | Added | +7,237 | +$1.51M | 9.6% |
| Alarm.com Holdings Inc. | Exited | −12,998 | −$711K | — |
Showing the 10 largest of 22 changes.
quarter ended September 30, 2024 · filed November 18, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Pegasystems Inc | Trimmed | −2,792,514 | −$204M | 17.7% |
| Interactive Brokers Group Inc | Trimmed | −1,416,141 | −$197M | 14.2% |
| Workday Inc. | Trimmed | −503,543 | −$123M | 14.5% |
| Etsy Inc | Trimmed | −1,911,762 | −$106M | 9.7% |
| Block Inc | Trimmed | −1,013,045 | −$68M | 18.0% |
| Align Technology Inc. | Trimmed | −265,305 | −$67.5M | 11.7% |
| Costar Group | Trimmed | −734,368 | −$55.4M | 4.5% |
| Alarm.com Holdings Inc. | Trimmed | −560,913 | −$30.7M | 0.1% |
| Xpel Inc. | Trimmed | −661,012 | −$28.7M | 0.1% |
| Wayfair Inc | Trimmed | −422,060 | −$23.7M | 5.0% |
Showing the 10 largest of 31 changes.
quarter ended June 30, 2024 · filed August 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Interactive Brokers Group Inc | Trimmed | −277,466 | −$34M | 14.9% |
| Wayfair Inc | Trimmed | −430,500 | −$22.7M | 3.6% |
| Model N Inc | Exited | −565,000 | −$16.1M | — |
| Costar Group | Trimmed | −195,900 | −$14.5M | 4.9% |
| Align Technology Inc. | Trimmed | −48,737 | −$11.8M | 9.0% |
| Onto Innovation Inc. | Trimmed | −39,000 | −$8.56M | 0.4% |
| Pegasystems Inc | Trimmed | −128,960 | −$7.81M | 15.9% |
| Despegar.com Corp | Trimmed | −565,013 | −$7.48M | 0.7% |
| Workday Inc. | Added | +30,719 | +$6.87M | 12.4% |
| CN Cimpress Nv | Trimmed | −49,000 | −$4.29M | 0.7% |
Showing the 10 largest of 29 changes.
quarter ended March 31, 2024 · filed May 15, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Alteryx Inc | Exited | −2,484,321 | −$117M | — |
| Align Technology Inc. | Added | +252,220 | +$82.7M | 10.7% |
| Workday Inc. | Trimmed | −223,511 | −$61M | 12.2% |
| Block Inc | Trimmed | −501,772 | −$42.4M | 13.4% |
| Costar Group | Trimmed | −396,460 | −$38.3M | 6.1% |
| Interactive Brokers Group Inc | Added | +264,543 | +$29.6M | 12.5% |
| Wayfair Inc | Trimmed | −388,825 | −$26.4M | 4.9% |
| Veeva Systems Inc. | New | +108,504 | +$25.1M | 1.0% |
| Guidewire Software Inc. | Exited | −184,664 | −$20.1M | — |
| Pegasystems Inc | Trimmed | −285,520 | −$18.5M | 14.3% |
Showing the 10 largest of 29 changes.
quarter ended December 31, 2023 · filed February 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Redfin Corp | Exited | −16,606,557 | −$117M | — |
| Workday Inc. | Trimmed | −291,075 | −$80.4M | 14.6% |
| Align Technology Inc. | Added | +104,799 | +$28.7M | 6.1% |
| Olo Inc | Exited | −1,654,863 | −$10M | — |
| Farfetch Ltd | Exited | −3,965,887 | −$8.29M | — |
| Costar Group | Trimmed | −89,910 | −$7.86M | 6.8% |
| Twilio Inc. | Added | +95,258 | +$7.23M | 1.3% |
| Block Inc | Added | +87,826 | +$6.79M | 13.6% |
| Model N Inc | Added | +220,000 | +$5.92M | 0.6% |
| Alteryx Inc | Added | +123,152 | +$5.81M | 4.6% |
Showing the 10 largest of 34 changes.
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