| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co. | 38,758,791 | -1,331,499 | 3,184,422,268.56 | 2.0053 | 6.8538 | 12/31/2025 |
| 2 | WCM Investment Management LLC | 25,862,514 | -190,662 | 2,124,864,150.24 | 2.8971 | 4.5733 | 12/31/2025 |
| 3 | Tiger Global Management LLC | 15,415,835 | -625,500 | 1,266,565,003.6 | 4.9555 | 2.726 | 12/31/2025 |
| 4 | T. Rowe Price Associates, Inc. (IM) | 15,191,259 | 2,359,501 | 1,248,113,839.44 | 0.1558 | 2.6863 | 12/31/2025 |
| 5 | Fidelity Management & Research Co. LLC | 13,997,443 | 5,014,537 | 1,150,029,916.88 | 0.0656 | 2.4752 | 12/31/2025 |
| 6 | BlackRock Fund Advisors | 13,920,240 | -471,065 | 1,143,686,918.4 | 0.0247 | 2.4615 | 12/31/2025 |
| 7 | JPMorgan Investment Management, Inc. | 11,431,401 | -1,944,663 | 939,203,906.16 | 0.0981 | 2.0214 | 12/31/2025 |
| 8 | SSgA Funds Management, Inc. | 7,050,480 | 480,729 | 579,267,436.8 | 0.0192 | 1.2467 | 12/31/2025 |
| 9 | Sands Capital Management LLC | 5,501,013 | 617,846 | 451,963,228.08 | 1.1367 | 0.9728 | 12/31/2025 |
| 10 | Point72 Asset Management LP | 4,903,074 | 3,224,048 | 402,836,559.84 | 0.632 | 0.867 | 12/31/2025 |
| 11 | Artisan Partners LP | 4,856,734 | -194,313 | 399,029,265.44 | 0.3242 | 0.8588 | 12/31/2025 |
| 12 | UBS Securities LLC | 4,854,090 | 1,763,481 | 398,812,034.4 | 0.1685 | 0.8584 | 12/31/2025 |
| 13 | Norges Bank Investment Management | 4,518,219 | -2,383,316 | 371,216,873.04 | 0.0239 | 0.799 | 12/31/2025 |
| 14 | Arrowstreet Capital LP | 4,492,860 | -2,471,671 | 369,133,377.6 | 0.2056 | 0.7945 | 12/31/2025 |
| 15 | T. Rowe Price International Ltd. | 4,160,111 | 509,855 | 341,794,719.76 | 0.208 | 0.7356 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard International Growth Fund | 9,773,452 | -158,328 | 802,986,816.32 | 1.8524 | 1.7283 | 11/30/2025 |
| 2 | WCM Focused International Growth Fund | 6,042,320 | -288,376 | 496,437,011.2 | 2.503 | 1.0685 | 12/31/2025 |
| 3 | Fidelity Advisor Series I -Growth Opportunities Fund | 5,912,409 | 3,729,533 | 485,763,523.44 | 1.7509 | 1.0455 | 02/28/2026 |
| 4 | Government Pension Fund - Global (The) | 4,518,219 | -2,383,315 | 371,216,873.04 | 0.0222 | 0.799 | 12/31/2025 |
| 5 | Scottish Mortgage Investment Trust Plc | 3,524,774 | 0 | 289,595,431.84 | 1.4821 | 0.6233 | 01/31/2026 |
| 6 | T. Rowe Price All-Cap Opportunities Fund | 3,088,193 | 1,264,079 | 253,725,936.88 | 1.6741 | 0.5461 | 12/31/2025 |
| 7 | iShares Core MSCI EAFE ETF | 2,792,053 | 208,973 | 229,395,074.48 | 0.1336 | 0.4937 | 03/30/2026 |
| 8 | T Rowe Price Blue Chip Growth Fund | 2,375,901 | 502,563 | 195,204,026.16 | 0.3181 | 0.4201 | 12/31/2025 |
| 9 | Artisan Developing World Fund | 1,872,606 | 418,279 | 153,853,308.96 | 4.7475 | 0.3311 | 12/31/2025 |
| 10 | T Rowe Price Growth Stock Fund | 1,683,159 | 1,683,159 | 138,288,343.44 | 0.309 | 0.2976 | 12/31/2025 |
| 11 | St. James's Place Global Growth Unit Trust | 1,624,498 | 0 | 133,468,755.68 | 0.6746 | 0.2873 | 07/31/2025 |
| 12 | Bridge Builder International Equity Fund | 1,556,230 | 542,382 | 127,859,856.8 | 0.536 | 0.2752 | 03/30/2026 |
| 13 | Fidelity International Index Fund | 1,395,412 | 57,924 | 114,647,049.92 | 0.1491 | 0.2468 | 02/28/2026 |
| 14 | iShares MSCI EAFE ETF | 1,376,111 | 68,747 | 113,061,279.76 | 0.1563 | 0.2433 | 03/31/2026 |
| 15 | American Funds New World Fund | 1,207,963 | 567,951 | 99,246,240.08 | 0.1374 | 0.2136 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Fidelity Management & Research Co. LLC | 13,997,443 | 5,014,537 | 1,150,029,916.88 | 0.0656 | 2.4752 | 12/31/2025 |
| 2 | Point72 Asset Management LP | 4,903,074 | 3,224,048 | 402,836,559.84 | 0.632 | 0.867 | 12/31/2025 |
| 3 | T. Rowe Price Associates, Inc. (IM) | 15,191,259 | 2,359,501 | 1,248,113,839.44 | 0.1558 | 2.6863 | 12/31/2025 |
| 4 | D1 Capital Partners LP | 3,485,043 | 2,192,400 | 286,331,132.88 | 2.8457 | 0.6163 | 12/31/2025 |
| 5 | Capital Research & Management Co. (Global Investors) | 4,015,065 | 2,103,386 | 329,877,740.4 | 0.0529 | 0.71 | 12/31/2025 |
| 6 | FIAM LLC | 3,009,413 | 1,818,428 | 247,253,372.08 | 0.1245 | 0.5322 | 12/31/2025 |
| 7 | UBS Securities LLC | 4,854,090 | 1,763,481 | 398,812,034.4 | 0.1685 | 0.8584 | 12/31/2025 |
| 8 | First Sentier Investors (Hong Kong) Ltd. | 1,528,177 | 1,502,161 | 125,555,022.32 | 0.8583 | 0.2702 | 12/31/2025 |
| 9 | Barclays Bank Plc (Private Banking) | 1,461,447 | 1,382,827 | 120,072,485.52 | 0.0654 | 0.2584 | 12/31/2025 |
| 10 | Eminence Capital LP | 2,641,640 | 1,162,825 | 217,037,142.4 | 3.7889 | 0.4671 | 12/31/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Jennison Associates LLC | 1,619,291 | -4,368,154 | 133,040,948.56 | 0.0812 | 0.2863 | 12/31/2025 |
| 2 | Arrowstreet Capital LP | 4,492,860 | -2,471,671 | 369,133,377.6 | 0.2056 | 0.7945 | 12/31/2025 |
| 3 | Acadian Asset Management LLC | 52,197 | -2,424,997 | 4,288,505.52 | 0.0061 | 0.0092 | 12/31/2025 |
| 4 | Norges Bank Investment Management | 4,518,219 | -2,383,316 | 371,216,873.04 | 0.0239 | 0.799 | 12/31/2025 |
| 5 | JPMorgan Investment Management, Inc. | 11,431,401 | -1,944,663 | 939,203,906.16 | 0.0981 | 2.0214 | 12/31/2025 |
| 6 | Lone Pine Capital LLC | 0 | -1,869,501 | 0 | 0 | 0 | |
| 7 | Marshall Wace LLP | 302,351 | -1,662,507 | 24,841,158.16 | 0.0245 | 0.0535 | 12/31/2025 |
| 8 | First Sentier Investors (UK) IM Ltd. | 10,157 | -1,510,881 | 834,499.12 | 0.0084 | 0.0018 | 12/31/2025 |
| 9 | D. E. Shaw & Co. LP | 338,195 | -1,479,212 | 27,786,101.2 | 0.022 | 0.0598 | 12/31/2025 |
| 10 | Ninety One UK Ltd. | 50,450 | -1,445,536 | 4,144,972 | 0.0071 | 0.0089 | 12/31/2025 |
Data provided by FactSet Research Systems Inc.