Vanguard® Institutional Total Stock Market Index Fund
Schedule of Investments (unaudited)
As of September 30, 2023
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 (2.0%)
  Linde plc 324,684 120,896
  Air Products and Chemicals Inc. 147,851 41,901
  Freeport-McMoRan Inc. 957,007 35,687
  Ecolab Inc. 170,411 28,868
  Nucor Corp. 165,495 25,875
  Dow Inc. 467,698 24,114
  Fastenal Co. 379,629 20,743
  Newmont Corp. 528,089 19,513
  LyondellBasell Industries NV Class A 172,583 16,344
  Albemarle Corp. 78,301 13,314
  International Flavors & Fragrances Inc. 171,177 11,669
  Steel Dynamics Inc. 105,081 11,267
  CF Industries Holdings Inc. 128,868 11,049
  Reliance Steel & Aluminum Co. 38,989 10,224
  Avery Dennison Corp. 53,768 9,822
  Celanese Corp. 68,551 8,605
  International Paper Co. 229,701 8,147
  Mosaic Co. 222,865 7,934
  Eastman Chemical Co. 79,709 6,115
  FMC Corp. 84,128 5,634
* Cleveland-Cliffs Inc. 336,858 5,265
  Royal Gold Inc. 43,999 4,678
* RBC Bearings Inc. 19,299 4,518
  United States Steel Corp. 133,266 4,328
  Olin Corp. 83,262 4,161
  UFP Industries Inc. 38,710 3,964
  Commercial Metals Co. 77,634 3,836
  Hexcel Corp. 56,664 3,691
  Alcoa Corp. 118,127 3,433
  Timken Co. 43,587 3,203
  Element Solutions Inc. 155,881 3,057
  Valvoline Inc. 91,363 2,946
  Huntsman Corp. 114,536 2,795
  Chemours Co. 99,070 2,779
  Mueller Industries Inc. 36,500 2,743
  Balchem Corp. 21,787 2,702
  Westlake Corp. 21,298 2,655
  Boise Cascade Co. 25,534 2,631
  Cabot Corp. 36,935 2,558
  Ashland Inc. 31,089 2,539
  Carpenter Technology Corp. 32,584 2,190
* Livent Corp. 118,775 2,187

    Shares Market
Value
($000)
  Avient Corp. 61,461 2,171
  NewMarket Corp. 4,687 2,133
* MP Materials Corp. 92,391 1,765
  Innospec Inc. 16,731 1,710
  Sensient Technologies Corp. 28,345 1,658
  Hecla Mining Co. 388,152 1,518
  Scotts Miracle-Gro Co. 28,203 1,458
  Materion Corp. 13,913 1,418
  Quaker Chemical Corp. 8,827 1,412
  Worthington Industries Inc. 22,188 1,372
* Uranium Energy Corp. 255,883 1,318
  Minerals Technologies Inc. 21,912 1,200
* Ingevity Corp. 21,949 1,045
  Tronox Holdings plc 75,701 1,017
  Stepan Co. 13,464 1,009
  Sylvamo Corp. 22,462 987
* Energy Fuels Inc. 98,692 811
  Hawkins Inc. 13,562 798
  Kaiser Aluminum Corp. 10,346 779
  Compass Minerals International Inc. 25,886 724
* Ecovyst Inc. 70,637 695
* US Silica Holdings Inc. 49,324 693
* TimkenSteel Corp. 30,310 658
  AdvanSix Inc. 18,107 563
  Ryerson Holding Corp. 18,905 550
  Koppers Holdings Inc. 13,873 549
  Mativ Holdings Inc. 36,224 517
* Piedmont Lithium Inc. 13,023 517
  GrafTech International Ltd. 130,921 501
* Clearwater Paper Corp. 12,189 442
* Coeur Mining Inc. 198,148 440
  Schnitzer Steel Industries Inc. Class A 15,798 440
*,1 LanzaTech Global Inc. 91,249 426
* LSB Industries Inc. 38,662 396
  Haynes International Inc. 8,020 373
  Olympic Steel Inc. 5,760 324
* Century Aluminum Co. 35,645 256
* Northwest Pipe Co. 7,200 217
  American Vanguard Corp. 18,120 198
* Ur-Energy Inc. 127,999 197
* Alto Ingredients Inc. 44,278 196
  Omega Flex Inc. 2,211 174
* Rayonier Advanced Materials Inc. 44,937 159
* Intrepid Potash Inc. 5,697 143
  FutureFuel Corp. 19,183 138
  Tredegar Corp. 21,461 116
  Northern Technologies International Corp. 8,108 108
* Contango ORE Inc. 5,757 104
* Dakota Gold Corp. 34,870 90
* Universal Stainless & Alloy Products Inc. 6,638 87
* Origin Materials Inc. 68,152 87
  Eastern Co. 4,309 78
* Unifi Inc. 8,861 63
* Glatfelter Corp. 29,576 59
* Culp Inc. 10,134 57
* NN Inc. 25,826 48
* 5e Advanced Materials Inc. 21,439 48
* Perma-Pipe International Holdings Inc. 5,795 47

    Shares Market
Value
($000)
* Ampco-Pittsburgh Corp. 12,799 34
*,1 Hycroft Mining Holding Corp. 110,726 33
* CPS Technologies Corp. 9,761 27
* US Gold Corp. 8,013 25
  Gold Resource Corp. 48,534 21
* Ascent Industries Co. 1,863 17
  United-Guardian Inc. 2,129 16
      547,810
Consumer Discretionary (14.3%)
* Amazon.com Inc. 6,187,051 786,498
* Tesla Inc. 1,797,702 449,821
  Home Depot Inc. 665,907 201,210
  Costco Wholesale Corp. 295,093 166,716
  Walmart Inc. 985,529 157,616
  McDonald's Corp. 484,877 127,736
* Netflix Inc. 295,348 111,523
* Walt Disney Co. 1,219,720 98,858
  Lowe's Cos. Inc. 387,730 80,586
  NIKE Inc. Class B 816,320 78,057
* Booking Holdings Inc. 23,772 73,312
  Starbucks Corp. 762,924 69,632
  TJX Cos. Inc. 765,059 67,998
* Uber Technologies Inc. 1,294,516 59,535
  Activision Blizzard Inc. 497,598 46,590
* Airbnb Inc. Class A 269,664 37,001
* O'Reilly Automotive Inc. 40,156 36,496
  Target Corp. 308,303 34,089
* Chipotle Mexican Grill Inc. 18,383 33,675
  Marriott International Inc. Class A 168,900 33,199
  Ford Motor Co. 2,624,553 32,597
* AutoZone Inc. 12,109 30,757
  General Motors Co. 917,758 30,258
* Lululemon Athletica Inc. 77,252 29,789
  Hilton Worldwide Holdings Inc. 174,704 26,237
  Ross Stores Inc. 227,173 25,659
* Copart Inc. 572,619 24,674
* Trade Desk Inc. Class A 297,867 23,278
  Yum! Brands Inc. 186,276 23,273
  DR Horton Inc. 203,062 21,823
  Electronic Arts Inc. 180,386 21,718
  Estee Lauder Cos. Inc. Class A 139,778 20,205
* Aptiv plc 188,939 18,628
  Lennar Corp. Class A 159,702 17,923
* Warner Bros Discovery Inc. 1,468,379 15,947
  Delta Air Lines Inc. 428,298 15,847
* Take-Two Interactive Software Inc. 112,715 15,824
  eBay Inc. 355,915 15,692
  Dollar General Corp. 146,846 15,536
* Dollar Tree Inc. 140,079 14,911
  Tractor Supply Co. 72,782 14,778
  Genuine Parts Co. 93,115 13,444
* Royal Caribbean Cruises Ltd. 145,733 13,428
* Ulta Beauty Inc. 32,952 13,163
* NVR Inc. 2,063 12,302
  Darden Restaurants Inc. 80,625 11,547
* Rivian Automotive Inc. Class A 467,277 11,345
  PulteGroup Inc. 146,620 10,857
  Southwest Airlines Co. 397,549 10,762

    Shares Market
Value
($000)
  Garmin Ltd. 102,088 10,740
  Las Vegas Sands Corp. 230,280 10,556
  Omnicom Group Inc. 130,910 9,750
* Expedia Group Inc. 92,477 9,532
* Roblox Corp. Class A 323,256 9,362
* Carnival Corp. 674,153 9,249
* United Airlines Holdings Inc. 218,321 9,235
  Best Buy Co. Inc. 131,305 9,122
* Live Nation Entertainment Inc. 107,749 8,947
  Domino's Pizza Inc. 23,457 8,885
* Deckers Outdoor Corp. 17,250 8,868
  Pool Corp. 24,781 8,825
  LKQ Corp. 177,789 8,802
* Liberty Media Corp. - Liberty Formula One Class C 133,881 8,341
* DraftKings Inc. Class A 261,990 7,713
  RB Global Inc. 122,172 7,636
* CarMax Inc. 106,247 7,515
  Interpublic Group of Cos. Inc. 254,023 7,280
  Rollins Inc. 192,377 7,181
  Williams-Sonoma Inc. 42,635 6,625
* BJ's Wholesale Club Holdings Inc. 89,881 6,415
  MGM Resorts International 174,513 6,415
* Caesars Entertainment Inc. 135,407 6,276
  BorgWarner Inc. (XNYS) 154,574 6,240
* Floor & Decor Holdings Inc. Class A 67,143 6,076
  News Corp. Class A 301,034 6,039
  Aramark 173,316 6,014
  Wynn Resorts Ltd. 64,581 5,968
* Five Below Inc. 37,066 5,964
* Burlington Stores Inc. 43,691 5,911
  Hasbro Inc. 86,708 5,735
  Vail Resorts Inc. 25,593 5,679
* American Airlines Group Inc. 439,251 5,627
  Service Corp. International 94,892 5,422
  Lithia Motors Inc. 18,333 5,414
  Fox Corp. Class A 173,327 5,408
* Etsy Inc. 82,020 5,297
  Lear Corp. 39,084 5,245
  Churchill Downs Inc. 45,160 5,240
* Mattel Inc. 235,929 5,198
  Gentex Corp. 156,637 5,097
  Toll Brothers Inc. 68,400 5,059
  Bath & Body Works Inc. 146,693 4,958
* SiteOne Landscape Supply Inc. 30,114 4,922
  Whirlpool Corp. 36,802 4,920
  Tempur Sealy International Inc. 109,978 4,766
* Norwegian Cruise Line Holdings Ltd. 281,856 4,645
  Murphy USA Inc. 12,750 4,357
* Skechers USA Inc. Class A 88,560 4,335
  Texas Roadhouse Inc. 44,855 4,311
  Tapestry Inc. 149,778 4,306
* Light & Wonder Inc. 60,078 4,285
  Paramount Global Class B 331,835 4,281
  New York Times Co. Class A 103,109 4,248
  Dick's Sporting Goods Inc. 38,680 4,200
  H&R Block Inc. 97,458 4,197
  VF Corp. 232,143 4,102
* Capri Holdings Ltd. 76,720 4,036

    Shares Market
Value
($000)
  Wyndham Hotels & Resorts Inc. 56,654 3,940
  U-Haul Holding Co. 71,294 3,735
* elf Beauty Inc. 33,827 3,715
* Duolingo Inc. 22,314 3,701
  Polaris Inc. 35,329 3,679
  Wingstop Inc. 19,953 3,588
* AutoNation Inc. 23,260 3,522
* Wayfair Inc. Class A 56,516 3,423
* Crocs Inc. 38,443 3,392
* Bright Horizons Family Solutions Inc. 39,186 3,192
* Alaska Air Group Inc. 85,613 3,175
  PVH Corp. 41,418 3,169
  Thor Industries Inc. 33,233 3,161
  Nexstar Media Group Inc. 21,939 3,145
* Ollie's Bargain Outlet Holdings Inc. 40,655 3,138
* Asbury Automotive Group Inc. 13,582 3,125
  Hyatt Hotels Corp. Class A 29,184 3,096
  Meritage Homes Corp. 24,914 3,049
  Boyd Gaming Corp. 49,902 3,036
* Taylor Morrison Home Corp. 70,027 2,984
*,1 Lucid Group Inc. 525,058 2,935
* Coty Inc. Class A 267,074 2,930
*,1 GameStop Corp. Class A 176,467 2,905
  TKO Group Holdings Inc. 33,928 2,852
* Liberty Media Corp. - Liberty SiriusXM Class C 111,086 2,828
  Harley-Davidson Inc. 84,747 2,802
* YETI Holdings Inc. 57,772 2,786
* Planet Fitness Inc. Class A 56,346 2,771
  Ralph Lauren Corp. 23,768 2,759
* Fox Factory Holding Corp. 27,821 2,757
* Carvana Co. 63,646 2,672
* Visteon Corp. 19,234 2,656
* RH 9,793 2,589
  Choice Hotels International Inc. 20,519 2,514
  Wendy's Co. 122,065 2,491
  Warner Music Group Corp. Class A 76,641 2,407
  Academy Sports & Outdoors Inc. 50,341 2,380
* Grand Canyon Education Inc. 20,194 2,360
  Newell Brands Inc. 260,323 2,351
  Group 1 Automotive Inc. 8,702 2,338
  Fox Corp. Class B 80,092 2,313
* Goodyear Tire & Rubber Co. 185,462 2,305
* Skyline Champion Corp. 35,831 2,283
* Avis Budget Group Inc. 12,659 2,275
* Penn Entertainment Inc. 99,007 2,272
* Lyft Inc. Class A 214,385 2,260
  Penske Automotive Group Inc. 13,328 2,227
  KB Home 47,952 2,219
  Leggett & Platt Inc. 86,511 2,198
  Advance Auto Parts Inc. 39,100 2,187
  Signet Jewelers Ltd. 29,152 2,093
* Hilton Grand Vacations Inc. 51,131 2,081
  Marriott Vacations Worldwide Corp. 20,538 2,067
  Macy's Inc. 177,916 2,066
  Endeavor Group Holdings Inc. Class A 103,490 2,059
  American Eagle Outfitters Inc. 121,829 2,024
  Madison Square Garden Sports Corp. 11,346 2,000
  TEGNA Inc. 133,270 1,942

    Shares Market
Value
($000)
  LCI Industries 16,452 1,932
* Helen of Troy Ltd. 16,213 1,890
  Rush Enterprises Inc. Class A 46,166 1,885
  Gap Inc. 176,957 1,881
* Tri Pointe Homes Inc. 66,693 1,824
* Abercrombie & Fitch Co. Class A 32,027 1,805
  Columbia Sportswear Co. 23,808 1,764
1 Sirius XM Holdings Inc. 389,372 1,760
  Lennar Corp. Class B 17,145 1,753
  Travel & Leisure Co. 46,877 1,722
* Boot Barn Holdings Inc. 20,661 1,677
  Carter's Inc. 24,014 1,661
  Kontoor Brands Inc. 37,688 1,655
* frontdoor Inc. 53,069 1,623
  Inter Parfums Inc. 11,848 1,592
  MDC Holdings Inc. 38,058 1,569
* Cavco Industries Inc. 5,653 1,502
  Steven Madden Ltd. 46,782 1,486
  Papa John's International Inc. 21,573 1,472
  Kohl's Corp. 69,622 1,459
* M/I Homes Inc. 17,187 1,444
* Shake Shack Inc. Class A 24,315 1,412
* QuantumScape Corp. 209,597 1,402
* Dorman Products Inc. 18,497 1,401
  Bloomin' Brands Inc. 56,874 1,399
  Red Rock Resorts Inc. Class A 34,103 1,398
* ACV Auctions Inc. Class A 90,013 1,366
  Graham Holdings Co. Class B 2,302 1,342
* Urban Outfitters Inc. 40,777 1,333
* LGI Homes Inc. 13,277 1,321
  Century Communities Inc. 19,473 1,300
  Laureate Education Inc. 91,483 1,290
* Cinemark Holdings Inc. 70,182 1,288
* Coursera Inc. 68,820 1,286
* Topgolf Callaway Brands Corp. 92,471 1,280
  Dana Inc. 87,173 1,279
* Vista Outdoor Inc. 38,253 1,267
* Stride Inc. 28,088 1,265
* Liberty Media Corp. - Liberty SiriusXM Class A 49,253 1,254
  PriceSmart Inc. 16,310 1,214
  MillerKnoll Inc. 49,480 1,210
* SkyWest Inc. 28,851 1,210
* Gentherm Inc. 22,060 1,197
  Winnebago Industries Inc. 19,890 1,182
  Spirit Airlines Inc. 71,316 1,177
* Chewy Inc. Class A 64,041 1,169
* Atlanta Braves Holdings Inc. Class C 32,416 1,158
* Adtalem Global Education Inc. 26,724 1,145
* OPENLANE Inc. 75,934 1,133
* Sabre Corp. 252,203 1,132
  Strategic Education Inc. 14,933 1,124
* Six Flags Entertainment Corp. 47,710 1,122
  Foot Locker Inc. 63,724 1,106
  Acushnet Holdings Corp. 20,601 1,093
* SeaWorld Entertainment Inc. 23,589 1,091
* Central Garden & Pet Co. Class A 27,139 1,088
* Peloton Interactive Inc. Class A 214,407 1,083
* Sonos Inc. 82,428 1,064

    Shares Market
Value
($000)
  HNI Corp. 30,591 1,059
* Lions Gate Entertainment Corp. Class B 132,810 1,045
* PROG Holdings Inc. 31,363 1,042
* XPEL Inc. 13,474 1,039
  John Wiley & Sons Inc. Class A 27,867 1,036
* Under Armour Inc. Class C 159,105 1,015
* TripAdvisor Inc. 60,905 1,010
* ODP Corp. 21,735 1,003
  Cracker Barrel Old Country Store Inc. 14,823 996
* JetBlue Airways Corp. 215,814 993
* Hertz Global Holdings Inc. 80,428 985
  Nordstrom Inc. 63,848 954
  Jack in the Box Inc. 13,777 951
  Oxford Industries Inc. 9,862 948
  Cheesecake Factory Inc. 30,958 938
* Brinker International Inc. 29,436 930
  Hanesbrands Inc. 234,173 927
*,1 Fisker Inc. 143,257 920
* Liberty Media Corp. - Liberty Live Class C 28,424 912
* Knowles Corp. 60,853 901
  Upbound Group Inc. 30,229 890
* PowerSchool Holdings Inc. Class A 39,253 889
* Madison Square Garden Entertainment Corp. 26,708 879
  La-Z-Boy Inc. 28,402 877
  Phinia Inc. 31,455 843
*,1 AMC Entertainment Holdings Inc. Class A 105,194 841
* Dave & Buster's Entertainment Inc. 22,321 827
* Liberty Media Corp. - Liberty Formula One Class A 14,625 827
* Victoria's Secret & Co. 49,490 826
  Levi Strauss & Co. Class A 59,902 813
* National Vision Holdings Inc. 49,678 804
  Allegiant Travel Co. 10,439 802
*,1 Dutch Bros Inc. Class A 34,045 792
  Matthews International Corp. Class A 20,116 783
  Perdoceo Education Corp. 45,012 770
*,1 Luminar Technologies Inc. 168,978 769
* Cars.com Inc. 45,132 761
* Everi Holdings Inc. 55,545 734
* Green Brick Partners Inc. 17,691 734
  Winmark Corp. 1,916 715
* Sphere Entertainment Co. 19,139 711
  Dillard's Inc. Class A 2,114 699
* Malibu Boats Inc. Class A 14,262 699
  Steelcase Inc. Class A 62,262 695
* G-III Apparel Group Ltd. 27,065 674
  Krispy Kreme Inc. 53,463 667
* Leslie's Inc. 117,351 664
* Under Armour Inc. Class A 95,924 657
  Buckle Inc. 19,649 656
  Sturm Ruger & Co. Inc. 12,500 652
* Sweetgreen Inc. Class A 54,727 643
* Chegg Inc. 70,888 632
* iRobot Corp. 16,643 631
  Scholastic Corp. 16,286 621
  Caleres Inc. 21,342 614
  News Corp. Class B 29,413 614
* Chico's FAS Inc. 81,758 612
* Sally Beauty Holdings Inc. 71,509 599

    Shares Market
Value
($000)
* WW International Inc. 54,055 598
  Monro Inc. 21,155 587
* Arlo Technologies Inc. 56,712 584
  Monarch Casino & Resort Inc. 9,218 572
* Integral Ad Science Holding Corp. 47,527 565
* American Axle & Manufacturing Holdings Inc. 75,117 545
  Camping World Holdings Inc. Class A 26,449 540
* Life Time Group Holdings Inc. 33,980 517
  Dine Brands Global Inc. 10,255 507
* Rover Group Inc. 80,711 505
*,1 Udemy Inc. 52,666 500
* Portillo's Inc. Class A 32,325 497
* Driven Brands Holdings Inc. 39,223 494
* Overstock.com Inc. 31,116 492
  Guess? Inc. 22,115 479
* Chuy's Holdings Inc. 13,436 478
  Ethan Allen Interiors Inc. 15,402 461
* Figs Inc. Class A 78,063 461
* Accel Entertainment Inc. 40,447 443
  Standard Motor Products Inc. 13,104 441
* Beazer Homes USA Inc. 17,555 437
* Thryv Holdings Inc. 22,895 430
  Wolverine World Wide Inc. 53,188 429
  Golden Entertainment Inc. 12,431 425
* Cardlytics Inc. 25,326 418
  Smith & Wesson Brands Inc. 32,321 417
  Sonic Automotive Inc. Class A 8,630 412
* Sun Country Airlines Holdings Inc. 27,708 411
* Clean Energy Fuels Corp. 106,924 410
* Liberty Media Corp. - Liberty Live Class A 12,801 409
  Interface Inc. 41,128 403
  A-Mark Precious Metals Inc. 13,688 401
* Clear Channel Outdoor Holdings Inc. 246,338 389
* MarineMax Inc. 11,713 384
  Designer Brands Inc. Class A 30,187 382
* Corsair Gaming Inc. 26,195 381
* Revolve Group Inc. 26,633 362
* BJ's Restaurants Inc. 15,369 361
* Mister Car Wash Inc. 65,586 361
  Gray Television Inc. 51,919 359
* Sleep Number Corp. 14,580 359
* Stoneridge Inc. 17,614 354
  RCI Hospitality Holdings Inc. 5,747 349
* Cava Group Inc. 11,397 349
  Hibbett Inc. 7,283 346
* Denny's Corp. 39,034 331
* Hovnanian Enterprises Inc. Class A 3,253 331
* Viad Corp. 12,029 315
* America's Car-Mart Inc. 3,394 309
* Savers Value Village Inc. 16,466 307
  Build-A-Bear Workshop Inc. 10,326 304
* European Wax Center Inc. Class A 18,699 303
* QuinStreet Inc. 33,170 298
* Sciplay Corp. Class A 12,827 292
  Movado Group Inc. 10,544 288
  Sinclair Inc. 25,561 287
* Daily Journal Corp. 973 286
  Shoe Carnival Inc. 11,853 285

    Shares Market
Value
($000)
*,1 Dream Finders Homes Inc. Class A 12,815 285
  Marcus Corp. 18,310 284
* Bally's Corp. 21,317 279
* AMC Networks Inc. Class A 23,493 277
* MasterCraft Boat Holdings Inc. 12,305 273
  Arko Corp. 38,172 273
* Genesco Inc. 8,794 271
* GoPro Inc. Class A 85,360 268
* Xponential Fitness Inc. Class A 17,297 268
* Vizio Holding Corp. Class A 49,371 267
*,1 Bowlero Corp. 27,538 265
* Boston Omaha Corp. Class A 15,917 261
* Stagwell Inc. 55,124 259
* First Watch Restaurant Group Inc. 14,373 249
* Gannett Co. Inc. 99,686 244
  Carriage Services Inc. 8,442 238
  Haverty Furniture Cos. Inc. 8,222 237
* Kura Sushi USA Inc. Class A 3,583 237
* EW Scripps Co. Class A 41,692 228
* iHeartMedia Inc. Class A 72,097 228
* Petco Health & Wellness Co. Inc. 52,385 214
* Central Garden & Pet Co. 4,784 211
* Eastman Kodak Co. 49,398 208
* Holley Inc. 41,174 205
  Bluegreen Vacations Holding Corp. 5,516 202
* Arhaus Inc. 21,179 197
* Hawaiian Holdings Inc. 30,994 196
* Universal Technical Institute Inc. 23,386 196
* SES AI Corp. 83,738 190
  Cricut Inc. Class A 20,354 189
* Atlanta Braves Holdings Inc. Class A 4,820 188
* Children's Place Inc. 6,889 186
* Stitch Fix Inc. Class A 53,913 186
* National CineMedia Inc. 41,128 185
* Lovesac Co. 9,258 184
* Liquidity Services Inc. 10,233 180
* Zumiez Inc. 10,066 179
  Aaron's Co. Inc. 17,073 179
* Cooper-Standard Holdings Inc. 12,960 174
* Rush Street Interactive Inc. 36,535 169
*,1 Playstudios Inc. 51,558 164
* OneWater Marine Inc. Class A 6,228 160
* Funko Inc. Class A 20,786 159
* Destination XL Group Inc. 35,517 159
*,1 Canoo Inc. 324,220 159
*,1 Vuzix Corp. 43,358 157
  Johnson Outdoors Inc. Class A 2,828 155
* Potbelly Corp. 19,904 155
  Hooker Furnishings Corp. 7,614 148
* PlayAGS Inc. 22,237 145
* Vera Bradley Inc. 21,968 145
* Qurate Retail Inc. Series A 235,205 143
* Citi Trends Inc. 6,412 142
* ThredUP Inc. Class A 35,387 142
* Tilly's Inc. Class A 17,104 139
* Lindblad Expeditions Holdings Inc. 18,807 135
  Clarus Corp. 17,555 133
  Entravision Communications Corp. Class A 36,315 133

    Shares Market
Value
($000)
* J Jill Inc. 4,459 132
* 1-800-Flowers.com Inc. Class A 18,559 130
  El Pollo Loco Holdings Inc. 14,342 128
* Solo Brands Inc. Class A 24,888 127
* Tile Shop Holdings Inc. 22,718 125
* 2U Inc. 50,097 124
  Weyco Group Inc. 4,853 123
  Alta Equipment Group Inc. 10,011 121
  Escalade Inc. 7,622 117
* RealReal Inc. 54,992 116
  Nathan's Famous Inc. 1,617 114
* Century Casinos Inc. 21,934 113
*,1 AMMO Inc. 56,158 113
* CarParts.com Inc. 27,126 112
* Lincoln Educational Services Corp. 13,255 112
1 Big 5 Sporting Goods Corp. 15,749 110
* Fiesta Restaurant Group Inc. 13,035 110
* Emerald Holding Inc. 24,384 110
  Marine Products Corp. 7,669 109
* Nerdy Inc. 28,833 107
* Carrols Restaurant Group Inc. 16,092 106
  Acme United Corp. 3,499 105
* American Outdoor Brands Inc. 10,588 104
* Motorcar Parts of America Inc. 12,730 103
* Selectquote Inc. 87,993 103
*,1 Mondee Holdings Inc. 28,801 103
* Angi Inc. 51,757 102
* Sportsman's Warehouse Holdings Inc. 22,550 101
* Biglari Holdings Inc. Class A 123 101
* Outbrain Inc. 20,815 101
  Hamilton Beach Brands Holding Co. Class A 7,791 97
  Bassett Furniture Industries Inc. 6,604 97
* Turtle Beach Corp. 10,541 96
* Snap One Holdings Corp. 10,397 96
  Cato Corp. Class A 12,211 94
* Surf Air Mobility Inc. 57,909 94
* VOXX International Corp. 11,691 93
*,1 Blink Charging Co. 30,055 92
  Big Lots Inc. 17,757 91
  Lakeland Industries Inc. 6,065 91
* Legacy Housing Corp. 4,622 90
* Landsea Homes Corp. 10,037 90
* Full House Resorts Inc. 20,813 89
* Red Robin Gourmet Burgers Inc. 10,926 88
* Frontier Group Holdings Inc. 18,228 88
* Lands' End Inc. 11,262 84
  Flexsteel Industries Inc. 3,943 82
  Climb Global Solutions Inc. 1,899 82
  Townsquare Media Inc. Class A 9,337 81
* Latham Group Inc. 28,563 80
* ONE Group Hospitality Inc. 14,056 77
* JAKKS Pacific Inc. 4,046 75
  Rocky Brands Inc. 5,039 74
* Allbirds Inc. Class A 66,954 74
* Reservoir Media Inc. 11,962 73
* Noodles & Co. 29,201 72
* Universal Electronics Inc. 7,869 71
  LiveOne Inc. 74,074 71

    Shares Market
Value
($000)
* Strattec Security Corp. 2,980 69
* Superior Industries International Inc. 21,922 67
  Superior Group of Cos. Inc. 8,674 67
* Fossil Group Inc. 31,352 65
* LL Flooring Holdings Inc. 20,606 65
* ContextLogic Inc. Class A 14,814 65
* Duluth Holdings Inc. Class B 10,724 64
1 Purple Innovation Inc. 37,652 64
* BARK Inc. 53,111 64
* Cumulus Media Inc. Class A 11,766 60
* Urban One Inc. 12,009 60
  Lifetime Brands Inc. 10,315 58
* Spruce Power Holding Corp. 81,716 56
* American Public Education Inc. 11,060 55
* Sonder Holdings Inc. 6,532 54
* Container Store Group Inc. 23,135 52
1 Canterbury Park Holding Corp. 2,370 48
* Conn's Inc. 11,815 47
* Traeger Inc. 16,967 46
*,1 Tupperware Brands Corp. 32,267 45
* Harte Hanks Inc. 6,868 45
* Lazydays Holdings Inc. 5,685 43
*,1 Focus Universal Inc. 19,046 37
* Delta Apparel Inc. 5,376 36
* Red Cat Holdings Inc. 36,630 36
* Lee Enterprises Inc. 3,230 35
  NL Industries Inc. 7,172 34
* Mesa Air Group Inc. 38,440 33
* Vacasa Inc. Class A 70,753 33
* Gaia Inc. 11,846 32
* RumbleON Inc. Class B 5,260 32
* Barnes & Noble Education Inc. 27,832 30
* Liberty TripAdvisor Holdings Inc. Class A 60,450 30
* Genius Brands International Inc. 21,261 30
*,1 Regis Corp. 39,526 28
  Saga Communications Inc. Class A 1,303 28
  Ark Restaurants Corp. 1,632 25
* Wheels Up Experience Inc. 11,867 25
* Brilliant Earth Group Inc. Class A 6,975 21
* Inspirato Inc. 35,714 21
*,1 Express Inc. 2,185 20
* Lulu's Fashion Lounge Holdings Inc. 9,663 19
*,1 Kirkland's Inc. 10,411 18
* Nautilus Inc. 21,129 18
* Charles & Colvard Ltd. 31,847 18
* Live Ventures Inc. 636 18
* Fluent Inc. 35,496 16
* BurgerFi International Inc. 14,006 16
* Loop Media Inc. 32,468 16
* Owlet Inc. 3,561 16
* CuriosityStream Inc. 17,896 13
* Shift Technologies Inc. 7,599 12
*,1 Faraday Future Intelligent Electric Inc. 8,653 12
* PodcastOne Inc. 3,448 7
* Xwell Inc. 3,117 7
* Polished.com Inc. 73,266 6
*,1 Cineverse Corp. 4,771 6
* JOANN Inc. 5,352 4

    Shares Market
Value
($000)
*,1 Hall of Fame Resort & Entertainment Co. 684 4
* Educational Development Corp. 2,842 3
* Aterian Inc. 300
      4,003,938
Consumer Staples (5.1%)
  Procter & Gamble Co. 1,569,656 228,950
  PepsiCo Inc. 916,687 155,323
  Coca-Cola Co. 2,588,997 144,932
  Philip Morris International Inc. 1,033,925 95,721
  Mondelez International Inc. Class A 905,448 62,838
  CVS Health Corp. 855,978 59,764
  Altria Group Inc. 1,179,622 49,603
  Colgate-Palmolive Co. 549,521 39,076
  McKesson Corp. 89,734 39,021
  Constellation Brands Inc. Class A 110,348 27,734
  Kimberly-Clark Corp. 224,145 27,088
  Archer-Daniels-Midland Co. 357,417 26,956
* Monster Beverage Corp. 487,073 25,791
  General Mills Inc. 386,958 24,761
  Corteva Inc. 473,694 24,234
  Kenvue Inc. 1,148,545 23,063
  Sysco Corp. 337,805 22,312
  Keurig Dr Pepper Inc. 654,365 20,658
  Cencora Inc. 113,916 20,502
  Hershey Co. 99,610 19,930
  Kroger Co. 430,806 19,279
  Kraft Heinz Co. 529,489 17,812
  Church & Dwight Co. Inc. 165,011 15,120
  McCormick & Co. Inc. 167,003 12,632
  Brown-Forman Corp. Class B 211,263 12,188
  Walgreens Boots Alliance Inc. 493,882 10,984
  Bunge Ltd. 100,718 10,903
  Clorox Co. 82,064 10,755
  Kellogg Co. 171,062 10,180
  Tyson Foods Inc. Class A 189,804 9,583
  Lamb Weston Holdings Inc. 96,950 8,964
  Conagra Brands Inc. 317,545 8,707
  J M Smucker Co. 64,474 7,925
  Molson Coors Beverage Co. Class B 120,093 7,637
  Hormel Foods Corp. 181,910 6,918
  Casey's General Stores Inc. 24,995 6,787
* Performance Food Group Co. 103,571 6,096
* US Foods Holding Corp. 148,162 5,882
* Celsius Holdings Inc. 32,947 5,654
* Darling Ingredients Inc. 106,274 5,548
  Campbell Soup Co. 130,104 5,345
  Albertsons Cos. Inc. Class A 212,497 4,834
  Ingredion Inc. 41,977 4,131
* BellRing Brands Inc. 87,757 3,618
* Hostess Brands Inc. 89,355 2,976
* Sprouts Farmers Market Inc. 66,292 2,837
* Post Holdings Inc. 32,722 2,806
  Flowers Foods Inc. 115,092 2,553
* Boston Beer Co. Inc. Class A 5,902 2,299
* Simply Good Foods Co. 64,352 2,221
* Freshpet Inc. 32,714 2,155
  Lancaster Colony Corp. 13,055 2,155
  WD-40 Co. 9,381 1,907

    Shares Market
Value
($000)
  Coca-Cola Consolidated Inc. 2,988 1,901
  Spectrum Brands Holdings Inc. 22,733 1,781
* Grocery Outlet Holding Corp. 59,378 1,713
1 Brown-Forman Corp. Class A 28,845 1,676
  Energizer Holdings Inc. 48,773 1,563
* TreeHouse Foods Inc. 34,450 1,501
  Primo Water Corp. 101,519 1,401
  J & J Snack Foods Corp. 7,965 1,304
  Cal-Maine Foods Inc. 25,985 1,258
  Edgewell Personal Care Co. 30,970 1,145
  MGP Ingredients Inc. 10,313 1,088
  Andersons Inc. 20,676 1,065
  Vector Group Ltd. 96,377 1,025
  Reynolds Consumer Products Inc. 36,175 927
* Herbalife Ltd. 65,312 914
* National Beverage Corp. 16,730 787
  Universal Corp. 15,569 735
  Ingles Markets Inc. Class A 9,621 725
* Sovos Brands Inc. 31,052 700
  Nu Skin Enterprises Inc. Class A 32,408 687
  Weis Markets Inc. 10,664 672
* Hain Celestial Group Inc. 62,284 646
  Fresh Del Monte Produce Inc. 24,940 644
  Utz Brands Inc. 45,503 611
* United Natural Foods Inc. 41,043 580
  Seaboard Corp. 151 567
* Chefs' Warehouse Inc. 26,092 553
* Vita Coco Co. Inc. 21,221 553
  Medifast Inc. 7,137 534
* Pilgrim's Pride Corp. 22,927 523
  John B Sanfilippo & Son Inc. 5,143 508
  SpartanNash Co. 22,503 495
  B&G Foods Inc. 49,858 493
* USANA Health Sciences Inc. 7,790 457
  ACCO Brands Corp. 64,127 368
*,1 Beyond Meat Inc. 38,167 367
* Beauty Health Co. 54,526 328
* Duckhorn Portfolio Inc. 29,525 303
* Mission Produce Inc. 30,100 291
  Tootsie Roll Industries Inc. 9,405 281
  Turning Point Brands Inc. 11,917 275
  Calavo Growers Inc. 10,546 266
* Seneca Foods Corp. Class A 4,151 223
* Westrock Coffee Co. 23,696 210
  Limoneira Co. 12,875 197
  Oil-Dri Corp. of America 2,766 171
* Vital Farms Inc. 13,714 159
* Lifecore Biomedical Inc. 19,810 150
  PetMed Express Inc. 14,496 149
* Nature's Sunshine Products Inc. 8,283 137
* LifeMD Inc. 21,322 133
* Olaplex Holdings Inc. 66,359 129
* GrowGeneration Corp. 35,962 105
* Whole Earth Brands Inc. 29,083 105
  Natural Grocers by Vitamin Cottage Inc. 7,685 99
* Brookfield Realty Capital Corp. 27,699 99
* Mama's Creations Inc. 22,272 97
* HF Foods Group Inc. 23,456 93

    Shares Market
Value
($000)
  Alico Inc. 2,955 74
  Village Super Market Inc. Class A 2,979 67
  Lifevantage Corp. 10,023 65
* ProPhase Labs Inc. 12,254 54
* Honest Co. Inc. 33,940 43
* Farmer Bros Co. 11,334 29
* Veru Inc. 39,389 28
* Benson Hill Inc. 76,425 25
* PLBY Group Inc. 26,318 21
* Zevia PBC Class A 9,474 21
* S&W Seed Co. 18,009 20
*,1 Rite Aid Corp. 37,698 17
*,1 Bridgford Foods Corp. 1,495 17
* Vintage Wine Estates Inc. 27,397 16
* 22nd Century Group Inc. 8,332 8
* AquaBounty Technologies Inc. 17,815 4
* MedAvail Holdings Inc. 406 2
      1,414,626
Energy (4.9%)
  Exxon Mobil Corp. 2,667,057 313,593
  Chevron Corp. 1,181,593 199,240
  ConocoPhillips 798,207 95,625
  Schlumberger NV 947,268 55,226
  EOG Resources Inc. 388,274 49,218
  Marathon Petroleum Corp. 266,405 40,318
  Pioneer Natural Resources Co. 155,409 35,674
  Phillips 66 296,516 35,626
  Valero Energy Corp. 235,363 33,353
  Occidental Petroleum Corp. 442,890 28,735
  Hess Corp. 184,984 28,303
  Williams Cos. Inc. 811,500 27,339
  Cheniere Energy Inc. 152,330 25,281
  Baker Hughes Co. 672,757 23,762
  Halliburton Co. 540,223 21,879
  Kinder Morgan Inc. 1,262,689 20,935
  Devon Energy Corp. 428,173 20,424
  ONEOK Inc. 299,140 18,974
  Diamondback Energy Inc. 119,541 18,515
  Coterra Energy Inc. 480,449 12,996
  Targa Resources Corp. 148,847 12,759
  EQT Corp. 273,301 11,091
* First Solar Inc. 67,792 10,955
  Marathon Oil Corp. 401,876 10,750
* Enphase Energy Inc. 86,849 10,435
  Ovintiv Inc. (XNYS) 180,428 8,583
  APA Corp. 203,416 8,360
  Texas Pacific Land Corp. 4,118 7,509
  Chesapeake Energy Corp. 83,013 7,158
  TechnipFMC plc 276,865 5,631
  HF Sinclair Corp. 98,138 5,587
  NOV Inc. 264,794 5,534
  Civitas Resources Inc. 62,437 5,049
  Range Resources Corp. 152,747 4,951
* Southwestern Energy Co. 737,091 4,754
  ChampionX Corp. 130,031 4,632
* Antero Resources Corp. 178,687 4,535
  Murphy Oil Corp. 97,927 4,441
* Weatherford International plc 47,686 4,308

    Shares Market
Value
($000)
  Chord Energy Corp. 26,528 4,299
  Matador Resources Co. 71,408 4,247
  PBF Energy Inc. Class A 73,127 3,915
* Transocean Ltd. (XNYS) 466,776 3,832
  Noble Corp. plc 73,167 3,706
  Patterson-UTI Energy Inc. 261,603 3,621
  DTE Midstream LLC 64,744 3,426
* Denbury Inc. 32,994 3,234
  SM Energy Co. 78,994 3,132
*,1 Plug Power Inc. 397,877 3,024
  Magnolia Oil & Gas Corp. Class A 118,434 2,713
  Antero Midstream Corp. 224,240 2,686
  California Resources Corp. 46,799 2,621
  Equitrans Midstream Corp. 269,591 2,526
  Permian Resources Corp. 180,613 2,521
  Helmerich & Payne Inc. 59,522 2,509
* CNX Resources Corp. 102,150 2,307
  Arcosa Inc. 31,457 2,262
* Tidewater Inc. 31,210 2,218
  Cactus Inc. Class A 44,039 2,211
  Northern Oil and Gas Inc. 52,034 2,093
* Array Technologies Inc. 93,503 2,075
* Shoals Technologies Group Inc. Class A 111,399 2,033
  Arch Resources Inc. 11,865 2,025
  Alpha Metallurgical Resources Inc. 7,616 1,978
  New Fortress Energy Inc. 60,316 1,977
  Peabody Energy Corp. 74,110 1,926
  Liberty Energy Inc. 100,480 1,861
  Warrior Met Coal Inc. 35,534 1,815
* Oceaneering International Inc. 66,532 1,711
  CONSOL Energy Inc. 15,928 1,671
* Callon Petroleum Co. 41,338 1,617
  Sitio Royalties Corp. Class A 53,876 1,304
* Par Pacific Holdings Inc. 35,804 1,287
  Archrock Inc. 99,777 1,257
* Talos Energy Inc. 74,404 1,223
* NEXTracker Inc. Class A 30,276 1,216
  Delek US Holdings Inc. 40,698 1,156
* Green Plains Inc. 37,690 1,134
* Helix Energy Solutions Group Inc. 98,673 1,102
*,1 ChargePoint Holdings Inc. 216,107 1,074
* Diamond Offshore Drilling Inc. 69,498 1,020
  World Kinect Corp. 40,140 900
* Earthstone Energy Inc. Class A 44,140 893
* Ameresco Inc. Class A 21,746 839
* NOW Inc. 70,580 838
* Gulfport Energy Corp. 6,965 826
* Nabors Industries Ltd. (XNYS) 6,548 806
  Core Laboratories Inc. 32,248 774
* Vital Energy Inc. 13,397 742
  Comstock Resources Inc. 63,137 696
  Crescent Energy Co. Class A 51,747 654
  CVR Energy Inc. 19,053 648
* Fluence Energy Inc. 27,715 637
* ProPetro Holding Corp. 59,558 633
* Dril-Quip Inc. 21,948 618
  SunCoke Energy Inc. 56,539 574
* MRC Global Inc. 54,151 555

    Shares Market
Value
($000)
  RPC Inc. 61,215 547
* TETRA Technologies Inc. 81,233 518
*,1 NextDecade Corp. 97,294 498
* REX American Resources Corp. 11,214 457
* Centrus Energy Corp. Class A 7,633 433
*,1 Stem Inc. 100,623 427
* Bristow Group Inc. 14,607 412
*,1 Tellurian Inc. 346,130 402
* SilverBow Resources Inc. 10,473 375
*,1 SunPower Corp. 58,871 363
* Montauk Renewables Inc. 38,927 355
  Select Water Solutions Inc. 43,844 349
1 Kinetik Holdings Inc. 10,216 345
* Oil States International Inc. 41,067 344
* FuelCell Energy Inc. 259,196 332
* DMC Global Inc. 13,419 328
* Newpark Resources Inc. 47,154 326
  SandRidge Energy Inc. 20,819 326
  VAALCO Energy Inc. 72,818 320
  Berry Corp. 37,707 309
  Vitesse Energy Inc. 12,846 294
1 HighPeak Energy Inc. 16,753 283
* W&T Offshore Inc. 60,181 264
  Atlas Energy Solutions Inc. Class A 11,770 262
* SEACOR Marine Holdings Inc. 18,771 261
* Matrix Service Co. 20,138 238
*,1 EVgo Inc. 69,821 236
  Solaris Oilfield Infrastructure Inc. Class A 20,364 217
* Amplify Energy Corp. 28,902 212
* Gevo Inc. 161,777 193
* Kodiak Gas Services Inc. 10,314 184
* Forum Energy Technologies Inc. 7,505 180
  Ramaco Resources Inc. Class A 15,478 170
* ProFrac Holding Corp. Class A 15,223 166
* Natural Gas Services Group Inc. 10,759 157
  Evolution Petroleum Corp. 22,455 154
  Enviva Inc. 19,768 148
* American Superconductor Corp. 19,441 147
* Hallador Energy Co. 10,094 146
* Geospace Technologies Corp. 11,189 145
* Solid Power Inc. 71,191 144
  Ranger Energy Services Inc. 9,731 138
  Granite Ridge Resources Inc. 22,016 134
* OPAL Fuels Inc. Class A 15,456 127
  NACCO Industries Inc. Class A 3,559 125
  Riley Exploration Permian Inc. 3,903 124
  PHX Minerals Inc. 32,792 119
* Ring Energy Inc. 58,009 113
* Profire Energy Inc. 33,333 93
* KLX Energy Services Holdings Inc. 7,734 92
*,1 Aemetis Inc. 19,744 82
  Epsilon Energy Ltd. 14,306 76
* TPI Composites Inc. 25,015 66
* Ideal Power Inc. 6,716 66
* Empire Petroleum Corp. 5,806 56
* ESS Tech Inc. 27,503 52
* Flotek Industries Inc. 11,111 49
* Nine Energy Service Inc. 11,327 47

    Shares Market
Value
($000)
* American Resources Corp. 26,674 45
*,1 Beam Global 5,797 43
* FTC Solar Inc. 33,881 43
* Battalion Oil Corp. 5,921 37
  Ramaco Resources Inc. Class B 3,095 37
* Gulf Island Fabrication Inc. 10,847 35
* Ocean Power Technologies Inc. 41,515 16
* Heliogen Inc. 3,235 12
*,1 Sunworks Inc. 21,967 11
* Capstone Green Energy Corp. 13,423 10
*,2 Alta Mesa Resources Inc. Class A 103,408
      1,363,051
Financials (10.5%)
* Berkshire Hathaway Inc. Class B 1,169,094 409,534
  JPMorgan Chase & Co. 1,934,979 280,611
  Bank of America Corp. 4,494,490 123,059
  Wells Fargo & Co. 2,441,263 99,750
  S&P Global Inc. 211,863 77,417
  Goldman Sachs Group Inc. 219,565 71,045
  Morgan Stanley 827,604 67,590
  Marsh & McLennan Cos. Inc. 328,142 62,445
  BlackRock Inc. 89,438 57,821
  Chubb Ltd. 273,637 56,966
  Charles Schwab Corp. 1,003,042 55,067
  Progressive Corp. 390,180 54,352
  Blackstone Inc. 473,173 50,696
  Citigroup Inc. 1,215,517 49,994
  CME Group Inc. 239,409 47,934
  Intercontinental Exchange Inc. 379,437 41,746
  Aon plc Class A (XNYS) 128,308 41,600
  US Bancorp 1,037,031 34,284
  Moody's Corp. 103,629 32,764
  Arthur J Gallagher & Co. 143,623 32,736
  PNC Financial Services Group Inc. 264,830 32,513
  Aflac Inc. 394,464 30,275
  American International Group Inc. 474,258 28,740
  KKR & Co. Inc. 430,015 26,489
  MSCI Inc. 50,047 25,678
  Truist Financial Corp. 887,485 25,391
  Travelers Cos. Inc. 152,701 24,938
  Apollo Global Management Inc. 265,040 23,790
  MetLife Inc. 376,571 23,690
  Prudential Financial Inc. 240,802 22,850
  Ameriprise Financial Inc. 68,347 22,533
  Bank of New York Mellon Corp. 518,545 22,116
  Allstate Corp. 175,202 19,519
* Arch Capital Group Ltd. 236,257 18,832
* Berkshire Hathaway Inc. Class A 34 18,070
  T Rowe Price Group Inc. 149,464 15,674
  Willis Towers Watson plc 69,879 14,602
  Discover Financial Services 166,841 14,453
  Hartford Financial Services Group Inc. 202,948 14,391
  Broadridge Financial Solutions Inc. 78,743 14,099
  M&T Bank Corp. 110,829 14,014
  State Street Corp. 202,302 13,546
  Nasdaq Inc. 262,172 12,739
  Raymond James Financial Inc. 125,749 12,629
* Markel Group Inc. 8,319 12,250

    Shares Market
Value
($000)
  LPL Financial Holdings Inc. 50,543 12,012
  Principal Financial Group Inc. 159,812 11,518
  Fifth Third Bancorp 452,652 11,466
  Ares Management Corp. Class A 108,909 11,203
  FactSet Research Systems Inc. 25,582 11,186
  Cboe Global Markets Inc. 70,703 11,045
  Everest Group Ltd. 28,972 10,768
  Cincinnati Financial Corp. 104,880 10,728
  Regions Financial Corp. 620,523 10,673
  Brown & Brown Inc. 150,020 10,477
  Huntington Bancshares Inc. 962,053 10,005
  First Citizens BancShares Inc. Class A 6,730 9,288
  Northern Trust Corp. 130,340 9,056
  W R Berkley Corp. 128,369 8,150
  Citizens Financial Group Inc. 297,329 7,968
* Coinbase Global Inc. Class A 101,755 7,640
  Loews Corp. 119,079 7,539
  Fidelity National Financial Inc. 170,980 7,061
  RenaissanceRe Holdings Ltd. 34,343 6,797
  KeyCorp. 629,156 6,770
  Equitable Holdings Inc. 230,769 6,552
  Globe Life Inc. 59,781 6,500
  Reinsurance Group of America Inc. 44,614 6,478
  Annaly Capital Management Inc. 326,587 6,143
  Tradeweb Markets Inc. Class A 75,983 6,094
  Kinsale Capital Group Inc. 14,600 6,046
  Interactive Brokers Group Inc. Class A 67,793 5,868
  Unum Group 112,055 5,512
  MarketAxess Holdings Inc. 25,420 5,431
  American Financial Group Inc. 47,500 5,304
  New York Community Bancorp Inc. 452,617 5,133
  Assurant Inc. 35,275 5,065
  East West Bancorp Inc. 94,402 4,976
  Erie Indemnity Co. Class A 16,763 4,925
  Voya Financial Inc. 73,495 4,884
  Franklin Resources Inc. 198,297 4,874
  Ally Financial Inc. 180,250 4,809
  SEI Investments Co. 79,661 4,798
  Carlyle Group Inc. 155,986 4,705
  Webster Financial Corp. 116,050 4,678
  Primerica Inc. 23,759 4,609
  Old Republic International Corp. 169,216 4,559
  Invesco Ltd. 295,981 4,298
* SoFi Technologies Inc. 532,153 4,252
  Selective Insurance Group Inc. 40,685 4,197
* Robinhood Markets Inc. Class A 425,102 4,170
  First Horizon Corp. 377,049 4,155
  Stifel Financial Corp. 66,163 4,065
  Morningstar Inc. 17,187 4,026
  Blue Owl Capital Inc. 303,507 3,933
  RLI Corp. 28,511 3,874
  Starwood Property Trust Inc. 196,884 3,810
  AGNC Investment Corp. 403,277 3,807
  Jefferies Financial Group Inc. 102,339 3,749
  First American Financial Corp. 65,893 3,722
  Houlihan Lokey Inc. 34,478 3,693
  Commerce Bancshares Inc. 75,809 3,637
  Comerica Inc. 86,897 3,611

    Shares Market
Value
($000)
  Zions Bancorp NA 100,001 3,489
  Cullen/Frost Bankers Inc. 38,168 3,481
  SouthState Corp. 50,774 3,420
  Pinnacle Financial Partners Inc. 48,988 3,284
  Prosperity Bancshares Inc. 59,312 3,237
* Ryan Specialty Holdings Inc. 65,816 3,185
  OneMain Holdings Inc. 79,049 3,169
  Evercore Inc. Class A 22,704 3,130
  Western Alliance Bancorp 67,997 3,126
  Essent Group Ltd. 65,566 3,101
  MGIC Investment Corp. 184,971 3,087
  Wintrust Financial Corp. 40,841 3,084
  Affiliated Managers Group Inc. 23,172 3,020
  Popular Inc. 47,656 3,003
  Rithm Capital Corp. 318,922 2,963
  Axis Capital Holdings Ltd. 51,167 2,884
  Old National Bancorp 196,353 2,855
  Lincoln National Corp. 111,813 2,761
  Columbia Banking System Inc. 135,537 2,751
  American Equity Investment Life Holding Co. 50,378 2,702
  Bank OZK 72,403 2,684
  Home BancShares Inc. 127,885 2,678
1 Blackstone Mortgage Trust Inc. Class A 120,689 2,625
  Cadence Bank 122,281 2,595
  Radian Group Inc. 102,283 2,568
  FNB Corp. 234,468 2,530
  Synovus Financial Corp. 90,240 2,509
  United Bankshares Inc. 90,817 2,506
  Valley National Bancorp 287,749 2,463
  White Mountains Insurance Group Ltd. 1,638 2,450
  FirstCash Holdings Inc. 23,601 2,369
  Hanover Insurance Group Inc. 21,295 2,363
  Janus Henderson Group plc 88,666 2,289
  Assured Guaranty Ltd. 37,797 2,287
  First Financial Bankshares Inc. 90,995 2,286
  Lazard Ltd. Class A 72,319 2,243
  Glacier Bancorp Inc. 74,556 2,125
* Mr Cooper Group Inc. 39,508 2,116
  Jackson Financial Inc. Class A 55,274 2,113
* Brighthouse Financial Inc. 43,045 2,107
  Corebridge Financial Inc. 105,771 2,089
  SLM Corp. 150,616 2,051
  Hancock Whitney Corp. 55,244 2,043
* Enstar Group Ltd. 8,299 2,008
  Hamilton Lane Inc. Class A 21,660 1,959
  Moelis & Co. Class A 43,176 1,949
  Federated Hermes Inc. 57,229 1,938
* Texas Capital Bancshares Inc. 32,818 1,933
* Credit Acceptance Corp. 4,191 1,928
  United Community Banks Inc. 73,955 1,879
* Genworth Financial Inc. Class A 305,707 1,791
  CNO Financial Group Inc. 74,219 1,761
  Kemper Corp. 41,070 1,726
  ServisFirst Bancshares Inc. 32,769 1,710
  Ameris Bancorp 43,922 1,686
  First BanCorp (XNYS) 123,738 1,666
  Piper Sandler Cos. 11,465 1,666
  Cathay General Bancorp 47,646 1,656

    Shares Market
Value
($000)
  Walker & Dunlop Inc. 22,118 1,642
  International Bancshares Corp. 37,827 1,639
1 Arbor Realty Trust Inc. 107,828 1,637
  Artisan Partners Asset Management Inc. Class A 43,736 1,637
  Associated Banc-Corp. 95,065 1,627
  UMB Financial Corp. 25,928 1,609
  First Hawaiian Inc. 85,011 1,534
  Community Bank System Inc. 35,689 1,506
  WSFS Financial Corp. 41,209 1,504
* NMI Holdings Inc. Class A 55,188 1,495
  CVB Financial Corp. 89,568 1,484
  First Interstate BancSystem Inc. Class A 59,214 1,477
  Atlantic Union Bankshares Corp. 50,023 1,440
  Independent Bank Corp. (XNGS) 28,893 1,418
  Pacific Premier Bancorp Inc. 63,789 1,388
*,1 Upstart Holdings Inc. 48,640 1,388
  Simmons First National Corp. Class A 81,787 1,387
* Axos Financial Inc. 35,912 1,360
  Fulton Financial Corp. 110,430 1,337
  Eastern Bankshares Inc. 106,600 1,337
  Bank of Hawaii Corp. 26,327 1,308
  BOK Financial Corp. 15,812 1,265
  BGC Group Inc. Class A 239,583 1,265
  TPG Inc. 41,360 1,246
  Seacoast Banking Corp. of Florida 56,326 1,237
  First Financial Bancorp 59,891 1,174
  PJT Partners Inc. Class A 14,780 1,174
  BankUnited Inc. 51,659 1,173
* StoneX Group Inc. 11,916 1,155
  Washington Federal Inc. 44,892 1,150
  First Merchants Corp. 40,486 1,126
  PennyMac Financial Services Inc. 16,856 1,123
* Bancorp Inc. 32,109 1,108
* Riot Platforms Inc. 117,336 1,095
* Clearwater Analytics Holdings Inc. Class A 56,569 1,094
  StepStone Group Inc. Class A 34,477 1,089
  Ready Capital Corp. 106,799 1,080
  Towne Bank 46,646 1,070
  OFG Bancorp 35,657 1,065
* Goosehead Insurance Inc. Class A 14,164 1,056
  BancFirst Corp. 11,959 1,037
  Virtu Financial Inc. Class A 58,958 1,018
  Cohen & Steers Inc. 15,906 997
  NBT Bancorp Inc. 31,007 983
  Banner Corp. 23,079 978
* BRP Group Inc. Class A 42,054 977
  Apollo Commercial Real Estate Finance Inc. 96,220 975
* Triumph Financial Inc. 14,784 958
* Enova International Inc. 18,789 956
  Independent Bank Group Inc. 23,889 945
  WesBanco Inc. 38,638 944
  Virtus Investment Partners Inc. 4,650 939
*,1 Marathon Digital Holdings Inc. 110,235 937
  Navient Corp. 53,848 927
  Park National Corp. 9,719 919
  Enterprise Financial Services Corp. 23,928 897
  Federal Agricultural Mortgage Corp. Class C 5,779 892
  Claros Mortgage Trust Inc. 79,885 885

    Shares Market
Value
($000)
  Hilltop Holdings Inc. 30,799 873
  City Holding Co. 9,521 860
  Pathward Financial Inc. 18,572 856
  Victory Capital Holdings Inc. Class A 25,414 847
  Northwest Bancshares Inc. 81,861 837
  Renasant Corp. 31,910 836
  Trustmark Corp. 38,390 834
  Chimera Investment Corp. 150,581 822
  Horace Mann Educators Corp. 27,455 807
  Stewart Information Services Corp. 18,263 800
  First Bancorp (XNGS) 28,252 795
* Palomar Holdings Inc. 15,554 789
  Lakeland Financial Corp. 16,473 782
  Ladder Capital Corp. 76,036 780
  Compass Diversified Holdings 41,066 771
  Westamerica BanCorp. 17,673 764
  First Commonwealth Financial Corp. 62,287 761
  National Bank Holdings Corp. Class A 25,248 751
  Two Harbors Investment Corp. 55,826 739
* Cannae Holdings Inc. 38,924 726
  Provident Financial Services Inc. 47,282 723
  Nelnet Inc. Class A 8,086 722
* Encore Capital Group Inc. 14,909 712
  PennyMac Mortgage Investment Trust 57,037 707
  Stock Yards Bancorp Inc. 17,861 702
  Hope Bancorp Inc. 78,564 695
  Heartland Financial USA Inc. 23,470 691
  S&T Bancorp Inc. 25,485 690
  Franklin BSP Realty Trust Inc. REIT 52,036 689
* Trupanion Inc. 24,296 685
  FB Financial Corp. 23,950 679
  Argo Group International Holdings Ltd. 22,697 677
  First Busey Corp. 35,148 676
  ProAssurance Corp. 35,652 673
  Employers Holdings Inc. 16,830 672
  Safety Insurance Group Inc. 9,855 672
* Avantax Inc. 25,467 651
  Stellar Bancorp Inc. 30,307 646
  AMERISAFE Inc. 12,816 642
* Rocket Cos. Inc. Class A 77,800 636
  PacWest Bancorp 79,171 626
* SiriusPoint Ltd. 61,350 624
  Live Oak Bancshares Inc. 21,439 621
  TriCo Bancshares 19,340 619
  Sandy Spring Bancorp Inc. 28,706 615
  WisdomTree Inc. 87,812 615
  Southside Bancshares Inc. 21,385 614
  Peoples Bancorp Inc. 24,137 613
  Veritex Holdings Inc. 34,055 611
  Berkshire Hills Bancorp Inc. 29,869 599
  New York Mortgage Trust Inc. 69,753 592
  Enact Holdings Inc. 21,697 591
* Customers Bancorp Inc. 16,967 585
  Ellington Financial Inc. 46,885 585
  Nicolet Bankshares Inc. 8,372 584
  Brightspire Capital Inc. 92,816 581
  National Western Life Group Inc. Class A 1,325 580
  Redwood Trust Inc. 81,079 578

    Shares Market
Value
($000)
  ARMOUR Residential REIT Inc. 135,695 577
  Bank First Corp. 7,301 563
  Origin Bancorp Inc. 19,475 562
  TFS Financial Corp. 47,233 558
  MFA Financial Inc. REIT 58,088 558
  OceanFirst Financial Corp. 38,025 550
  Preferred Bank 8,386 522
* Oscar Health Inc. Class A 92,576 516
* Open Lending Corp. 70,364 515
  Capitol Federal Financial Inc. 107,465 513
  Lakeland Bancorp Inc. 40,156 507
  QCR Holdings Inc. 10,278 499
  Mercury General Corp. 17,747 497
  Brookline Bancorp Inc. 54,309 495
* PRA Group Inc. 25,009 480
1 B Riley Financial Inc. 11,399 467
  Eagle Bancorp Inc. 21,788 467
  Brightsphere Investment Group Inc. 23,285 452
  ConnectOne Bancorp Inc. 24,205 432
  Dime Community Bancshares Inc. 21,596 431
  Premier Financial Corp. 24,679 421
*,1 Lemonade Inc. 35,214 409
* LendingClub Corp. 66,705 407
  Banc of California Inc. 32,726 405
  Tompkins Financial Corp. 8,236 403
  Dynex Capital Inc. 33,541 400
  German American Bancorp Inc. 14,185 384
* Skyward Specialty Insurance Group Inc. 13,439 368
  Old Second Bancorp Inc. 26,576 362
  Horizon Bancorp Inc. 33,489 358
* Ambac Financial Group Inc. 29,552 356
  Heritage Financial Corp. 21,778 355
  United Fire Group Inc. 17,731 350
  First Bancshares Inc. 12,805 345
  Amerant Bancorp Inc. 19,654 343
  Community Trust Bancorp Inc. 9,971 342
* Assetmark Financial Holdings Inc. 13,572 340
  First Mid Bancshares Inc. 12,765 339
  Washington Trust Bancorp Inc. 12,879 339
* Coastal Financial Corp. 7,793 334
  F&G Annuities & Life Inc. 11,867 333
  Byline Bancorp Inc. 16,831 332
  KKR Real Estate Finance Trust Inc. 27,372 325
  Mercantile Bank Corp. 10,446 323
* EZCorp. Inc. Class A 38,810 320
  Farmers National Banc Corp. 27,614 319
  Hanmi Financial Corp. 19,616 318
  Heritage Commerce Corp. 37,367 317
  TrustCo Bank Corp. NY 11,528 315
* Columbia Financial Inc. 19,953 313
  Univest Financial Corp. 17,983 313
  James River Group Holdings Ltd. 20,375 313
  Merchants Bancorp 11,200 310
  Diamond Hill Investment Group Inc. 1,783 301
  Kearny Financial Corp. 43,112 299
  Tiptree Inc. 17,754 298
  P10 Inc. Class A 25,496 297
  Business First Bancshares Inc. 15,762 296

    Shares Market
Value
($000)
  Great Southern Bancorp Inc. 6,158 295
  Cambridge Bancorp 4,727 294
  UWM Holdings Corp. 60,612 294
  HarborOne Bancorp Inc. 30,455 290
  Midland States Bancorp Inc. 14,003 288
  Universal Insurance Holdings Inc. 20,437 287
  Northfield Bancorp Inc. 29,814 282
  American National Bankshares Inc. 7,342 279
* CrossFirst Bankshares Inc. 27,698 279
  CNB Financial Corp. 15,254 276
  TPG RE Finance Trust Inc. 41,064 276
  Amalgamated Financial Corp. 16,023 276
  Flushing Financial Corp. 20,973 275
* World Acceptance Corp. 2,153 274
  Central Pacific Financial Corp. 16,183 270
  Peapack-Gladstone Financial Corp. 10,493 269
  HCI Group Inc. 4,916 267
  NewtekOne Inc. 18,078 267
  Perella Weinberg Partners 25,929 264
  Camden National Corp. 9,320 263
  Equity Bancshares Inc. Class A 10,726 258
  Orchid Island Capital Inc. 30,262 258
  First Community Bankshares Inc. 8,739 257
  First Financial Corp. 7,285 246
  Independent Bank Corp. 13,430 246
  Metrocity Bankshares Inc. 12,490 246
  Invesco Mortgage Capital Inc. REIT 24,303 243
* Metropolitan Bank Holding Corp. 6,652 241
  Capital City Bank Group Inc. 7,891 235
  Bar Harbor Bankshares 9,895 234
  Granite Point Mortgage Trust Inc. 47,975 234
  Republic Bancorp Inc. Class A 5,300 233
  GCM Grosvenor Inc. Class A 29,149 226
* MBIA Inc. 30,978 223
  Alerus Financial Corp. 12,077 220
  HomeTrust Bancshares Inc. 10,069 218
  SmartFinancial Inc. 10,103 216
  Shore Bancshares Inc. 20,192 212
  ACNB Corp. 6,589 208
  First Foundation Inc. 33,535 204
  Peoples Financial Services Corp. 5,056 203
  Esquire Financial Holdings Inc. 4,353 199
  Sierra Bancorp 10,371 197
  Macatawa Bank Corp. 22,021 197
1 NexPoint Diversified Real Estate Trust 22,233 194
  Southern Missouri Bancorp Inc. 4,967 192
  Hingham Institution for Savings 998 186
* Greenlight Capital Re Ltd. Class A 17,246 185
  Chicago Atlantic Real Estate Finance Inc. 12,398 183
  Enterprise Bancorp Inc. 6,660 182
  Citizens & Northern Corp. 10,308 181
  Bank of Marin Bancorp 9,824 180
  Northrim BanCorp Inc. 4,505 178
  HBT Financial Inc. 9,718 177
  BayCom Corp. 9,049 174
  Civista Bancshares Inc. 11,120 172
  Northeast Bank 3,845 170
  Northeast Community Bancorp Inc. 11,548 170

    Shares Market
Value
($000)
  Waterstone Financial Inc. 15,475 169
  South Plains Financial Inc. 6,388 169
  Burke & Herbert Financial Services Corp. 3,628 169
  Investors Title Co. 1,118 166
  Regional Management Corp. 5,980 166
* Blue Foundry Bancorp 19,670 165
  First of Long Island Corp. 14,231 164
  FS Bancorp Inc. 5,528 163
  Capstar Financial Holdings Inc. 11,382 162
  Mid Penn Bancorp Inc. 8,011 161
  MVB Financial Corp. 7,102 160
* Carter Bankshares Inc. 12,707 159
  Crawford & Co. Class A 16,750 156
  MidWestOne Financial Group Inc. 7,622 155
  Timberland Bancorp Inc. 5,735 155
* Third Coast Bancshares Inc. 8,955 153
  Citizens Financial Services Inc. 3,188 153
* Southern First Bancshares Inc. 5,656 152
  First Bank 13,997 151
  Orrstown Financial Services Inc. 7,126 150
  Sculptor Capital Management Inc. 12,930 150
  Arrow Financial Corp. 8,714 148
  PCB Bancorp 9,463 146
* Bridgewater Bancshares Inc. 15,252 145
* Forge Global Holdings Inc. 71,666 145
  Farmers & Merchants Bancorp Inc. 8,192 144
  Financial Institutions Inc. 8,542 144
  Codorus Valley Bancorp Inc. 7,652 143
  Greenhill & Co. Inc. 9,629 143
  West BanCorp. Inc. 8,776 143
  AFC Gamma Inc. 12,195 143
  John Marshall Bancorp Inc. 7,930 142
* Hagerty Inc. Class A 17,303 141
  Plumas Bancorp 4,045 138
  Primis Financial Corp. 16,733 136
* Net Power Inc. 8,917 135
  Guaranty Bancshares Inc. 4,660 134
  First Bancorp Inc. (XNGS) 5,583 131
  Oppenheimer Holdings Inc. Class A 3,410 131
  Franklin Financial Services Corp. 4,585 131
  First Business Financial Services Inc. 4,292 129
  RBB Bancorp 10,024 128
* Heritage Insurance Holdings Inc. 19,570 127
  Summit Financial Group Inc. 5,649 127
  1st Source Corp. 2,937 124
  Greene County Bancorp Inc. 5,096 123
  AG Mortgage Investment Trust Inc. 22,081 123
  C&F Financial Corp. 2,281 122
  Donegal Group Inc. Class A 8,568 122
  Red River Bancshares Inc. 2,646 122
  MainStreet Bancshares Inc. 5,879 121
  Penns Woods Bancorp Inc. 5,670 120
  Five Star Bancorp 5,975 120
  Home Bancorp Inc. 3,743 119
* California BanCorp 5,914 119
  Middlefield Banc Corp. 4,658 118
  ChoiceOne Financial Services Inc. 5,893 116
  Virginia National Bankshares Corp. 3,803 115

    Shares Market
Value
($000)
  ESSA Bancorp Inc. 7,596 114
* LendingTree Inc. 7,381 114
  First Internet Bancorp 6,960 113
  Colony Bankcorp Inc. 11,165 112
  Princeton Bancorp Inc. 3,849 112
  Chemung Financial Corp. 2,801 111
  First Community Corp. 6,423 111
* FVCBankcorp Inc. 8,396 108
  LCNB Corp. 7,580 108
* eHealth Inc. 14,420 107
  William Penn Bancorp Inc. 8,580 107
* Oportun Financial Corp. 14,660 106
* Heritage Global Inc. 34,014 106
* loanDepot Inc. Class A 61,728 106
  BCB Bancorp Inc. 9,445 105
  Orange County Bancorp Inc. 2,434 105
  Capital Bancorp Inc. 5,450 104
  Southern States Bancshares Inc. 4,587 104
  Norwood Financial Corp. 3,972 102
  Parke Bancorp Inc. 6,244 102
* First Western Financial Inc. 5,599 102
* Citizens Inc. 35,558 101
  HomeStreet Inc. 12,531 98
* Sterling Bancorp Inc. 16,749 98
  Great Ajax Corp. 15,005 97
* NI Holdings Inc. 7,567 97
  First United Corp. 5,904 96
  Evans Bancorp Inc. 3,554 95
  Western New England Bancorp Inc. 14,481 94
  Seven Hills Realty Trust 8,503 93
  National Bankshares Inc. 3,647 91
  Ellington Residential Mortgage REIT 14,570 90
  Central Valley Community Bancorp 6,312 89
* Pioneer Bancorp Inc. 10,394 89
  Peoples Bancorp of North Carolina Inc. 3,935 88
* Velocity Financial Inc. 7,686 87
* Ocwen Financial Corp. 3,313 86
  Nexpoint Real Estate Finance Inc. 5,255 86
  Investar Holding Corp. 7,982 85
  Union Bankshares Inc. 3,794 85
  Meridian Corp. 8,472 83
* Provident Bancorp Inc. 8,209 80
  Ames National Corp. 4,723 78
  Bankwell Financial Group Inc. 3,177 77
* Consumer Portfolio Services Inc. 8,509 77
* Kingsway Financial Services Inc. 10,215 77
* ECB Bancorp Inc. 7,042 77
  Silvercrest Asset Management Group Inc. Class A 4,801 76
* USCB Financial Holdings Inc. 7,092 75
  Old Point Financial Corp. 4,032 74
  Hanover Bancorp Inc. 4,065 74
  Provident Financial Holdings Inc. 5,547 73
  Unity Bancorp Inc. 3,134 73
  Guild Holdings Co. Class A 6,557 72
  Summit State Bank 4,372 72
  Westwood Holdings Group Inc. 7,041 71
* Midwest Holding Inc. 2,640 69
* Finwise Bancorp 7,943 69

    Shares Market
Value
($000)
* Hippo Holdings Inc. 8,539 68
* Maiden Holdings Ltd. 38,102 67
  Fidelity D&D Bancorp Inc. 1,454 66
  Sachem Capital Corp. 18,378 65
  Medallion Financial Corp. 8,839 62
  Bank7 Corp. 2,764 62
* ACRES Commercial Realty Corp. 7,472 62
  Territorial Bancorp Inc. 6,581 60
  Angel Oak Mortgage REIT Inc. 6,897 59
* Bakkt Holdings Inc. 50,567 59
  Lument Finance Trust Inc. 27,115 56
  OP Bancorp 5,995 55
  First Guaranty Bancshares Inc. 4,672 51
*,1 American Coastal Insurance Corp. 6,875 51
  First Northwest Bancorp 3,959 49
  Finward Bancorp 2,353 49
  Hawthorn Bancshares Inc. 2,891 47
  Eagle Bancorp Montana Inc. 3,864 46
  Blue Ridge Bankshares Inc. 9,916 45
  US Global Investors Inc. Class A 15,552 44
* GoHealth Inc. Class A 3,042 44
  First Savings Financial Group Inc. 2,763 41
* Security National Financial Corp. Class A 5,230 41
* Dave Inc. 6,507 41
  AmeriServ Financial Inc. 15,247 40
* Great Elm Group Inc. 18,596 40
  BankFinancial Corp. 4,443 38
  Riverview Bancorp Inc. 6,661 37
  Luther Burbank Corp. 4,292 36
* Root Inc. Class A 3,646 35
  Manhattan Bridge Capital Inc. 6,830 33
* Ponce Financial Group Inc. 4,174 33
  Linkbancorp Inc. 4,787 33
  First Capital Inc. 1,076 29
  Partners Bancorp 3,437 27
* Broadway Financial Corp. 24,365 24
  First Financial Northwest Inc. 1,845 23
  Hennessy Advisors Inc. 3,282 22
  CB Financial Services Inc. 838 18
* Safeguard Scientifics Inc. 17,737 18
* Nicholas Financial Inc. 3,692 18
* Kingstone Cos. Inc. 8,512 15
*,1 Curo Group Holdings Corp. 12,507 13
* Conifer Holdings Inc. 4,822 6
  FNCB Bancorp Inc. 225 1
      2,929,259
Health Care (12.7%)
  UnitedHealth Group Inc. 617,096 311,134
  Eli Lilly & Co. 569,304 305,790
  Johnson & Johnson 1,604,360 249,879
  AbbVie Inc. 1,176,276 175,336
  Merck & Co. Inc. 1,691,233 174,112
  Thermo Fisher Scientific Inc. 257,040 130,106
  Pfizer Inc. 3,761,954 124,784
  Abbott Laboratories 1,155,744 111,934
  Danaher Corp. 442,612 109,812
  Amgen Inc. 356,492 95,811
  Bristol-Myers Squibb Co. 1,392,017 80,793

    Shares Market
Value
($000)
  Medtronic plc 886,258 69,447
* Intuitive Surgical Inc. 234,205 68,456
  Elevance Health Inc. 157,070 68,391
  Gilead Sciences Inc. 830,786 62,259
  Stryker Corp. 227,562 62,186
* Vertex Pharmaceuticals Inc. 172,113 59,851
  Cigna Group 197,254 56,428
* Regeneron Pharmaceuticals Inc. 67,621 55,649
* Boston Scientific Corp. 975,222 51,492
  Becton Dickinson and Co. 193,193 49,946
  Zoetis Inc. 276,282 48,068
  Humana Inc. 82,575 40,174
  HCA Healthcare Inc. 135,739 33,389
* Edwards Lifesciences Corp. 405,276 28,078
* Biogen Inc. 96,762 24,869
* Centene Corp. 361,011 24,866
* IDEXX Laboratories Inc. 55,333 24,195
* DexCom Inc. 258,944 24,159
* IQVIA Holdings Inc. 115,879 22,799
* Moderna Inc. 216,045 22,315
  Agilent Technologies Inc. 195,276 21,836
* Seagen Inc. 93,977 19,937
* Veeva Systems Inc. Class A 97,219 19,779
  West Pharmaceutical Services Inc. 49,169 18,449
* Horizon Therapeutics plc 152,742 17,671
  GE Healthcare Inc. 257,868 17,545
  Zimmer Biomet Holdings Inc. 139,590 15,665
* Alnylam Pharmaceuticals Inc. 83,841 14,848
* Align Technology Inc. 48,579 14,832
  ResMed Inc. 98,431 14,555
* Illumina Inc. 106,002 14,552
  Cardinal Health Inc. 167,199 14,516
  STERIS plc 65,433 14,357
  Baxter International Inc. 339,700 12,820
* Molina Healthcare Inc. 39,039 12,800
  Laboratory Corp. of America Holdings 58,912 11,844
* Hologic Inc. 164,032 11,384
* BioMarin Pharmaceutical Inc. 124,623 11,027
  Cooper Cos. Inc. 32,977 10,487
* Avantor Inc. 452,561 9,540
  Revvity Inc. 83,104 9,200
  Quest Diagnostics Inc. 74,522 9,081
* Exact Sciences Corp. 120,180 8,199
  Viatris Inc. 799,444 7,883
* Insulet Corp. 46,863 7,474
* Incyte Corp. 126,743 7,322
* Neurocrine Biosciences Inc. 64,785 7,288
  Bio-Techne Corp. 106,087 7,221
* Sarepta Therapeutics Inc. 58,812 7,129
* United Therapeutics Corp. 31,188 7,044
  Royalty Pharma plc Class A 255,916 6,946
* Charles River Laboratories International Inc. 34,153 6,693
* Henry Schein Inc. 87,667 6,509
  Teleflex Inc. 31,366 6,161
* Penumbra Inc. 24,562 5,942
* Repligen Corp. 35,182 5,594
* Catalent Inc. 115,317 5,250
* Jazz Pharmaceuticals plc 40,157 5,198

    Shares Market
Value
($000)
  Chemed Corp. 9,953 5,173
* Shockwave Medical Inc. 24,800 4,938
  Universal Health Services Inc. Class B 39,096 4,916
* Bio-Rad Laboratories Inc. Class A 13,537 4,852
  DENTSPLY SIRONA Inc. 140,747 4,808
* Exelixis Inc. 210,445 4,598
* Tenet Healthcare Corp. 67,626 4,456
  Encompass Health Corp. 63,426 4,260
* Ionis Pharmaceuticals Inc. 93,261 4,230
* HealthEquity Inc. 57,667 4,213
* Acadia Healthcare Co. Inc. 57,813 4,065
  Bruker Corp. 63,508 3,957
* Option Care Health Inc. 121,583 3,933
* Globus Medical Inc. Class A 77,913 3,868
* Inspire Medical Systems Inc. 19,367 3,843
* Medpace Holdings Inc. 15,110 3,659
* agilon health Inc. 205,802 3,655
* Elanco Animal Health Inc. (XNYS) 322,566 3,626
* Karuna Therapeutics Inc. 20,938 3,540
* Halozyme Therapeutics Inc. 88,127 3,366
  Ensign Group Inc. 35,851 3,332
* Natera Inc. 71,720 3,174
* Lantheus Holdings Inc. 45,456 3,158
* DaVita Inc. 32,734 3,094
* Haemonetics Corp. 34,494 3,090
* Alkermes plc 109,024 3,054
* Envista Holdings Corp. 108,612 3,028
  Organon & Co. 174,105 3,022
* Intra-Cellular Therapies Inc. 56,923 2,965
* Masimo Corp. 33,386 2,927
  Perrigo Co. plc 90,329 2,886
* Vaxcyte Inc. 55,177 2,813
* ImmunoGen Inc. 168,434 2,673
* Merit Medical Systems Inc. 37,663 2,599
* 10X Genomics Inc. Class A 60,801 2,508
* Apellis Pharmaceuticals Inc. 65,814 2,504
* Insmed Inc. 97,836 2,470
* QuidelOrtho Corp. 33,212 2,426
* Neogen Corp. 126,023 2,336
* Glaukos Corp. 30,933 2,328
* Amicus Therapeutics Inc. 189,911 2,309
* Guardant Health Inc. 74,211 2,200
  CONMED Corp. 20,893 2,107
* Amedisys Inc. 21,896 2,045
* Blueprint Medicines Corp. 40,643 2,041
* Azenta Inc. 40,053 2,010
* Bridgebio Pharma Inc. 75,418 1,989
* Teladoc Health Inc. 103,937 1,932
* Inari Medical Inc. 29,505 1,930
* Prestige Consumer Healthcare Inc. 33,520 1,917
* Evolent Health Inc. Class A 69,560 1,894
* Cytokinetics Inc. 63,930 1,883
* Axonics Inc. 33,508 1,880
* ICU Medical Inc. 15,644 1,862
* iRhythm Technologies Inc. 19,438 1,832
* R1 RCM Inc. 121,413 1,830
* Krystal Biotech Inc. 15,736 1,825
* Mirati Therapeutics Inc. 41,407 1,804

    Shares Market
Value
($000)
* Progyny Inc. 52,986 1,803
* REVOLUTION Medicines Inc. 64,930 1,797
* Arrowhead Pharmaceuticals Inc. 66,161 1,778
*,1 Axsome Therapeutics Inc. 25,415 1,776
* Integer Holdings Corp. 22,540 1,768
  Select Medical Holdings Corp. 69,495 1,756
* Intellia Therapeutics Inc. 54,359 1,719
  Patterson Cos. Inc. 57,704 1,710
  Premier Inc. Class A 79,437 1,708
* Enovis Corp. 32,007 1,688
* ACADIA Pharmaceuticals Inc. 80,942 1,687
* Fortrea Holdings Inc. 58,912 1,684
* Integra LifeSciences Holdings Corp. 43,987 1,680
*,1 Ginkgo Bioworks Holdings Inc. 927,135 1,678
* Akero Therapeutics Inc. 32,547 1,646
* Immunovant Inc. 42,726 1,640
* Ultragenyx Pharmaceutical Inc. 45,641 1,627
* Doximity Inc. Class A 73,069 1,551
* Privia Health Group Inc. 66,279 1,524
* Corcept Therapeutics Inc. 53,616 1,461
* Madrigal Pharmaceuticals Inc. 9,989 1,459
* Denali Therapeutics Inc. 68,961 1,423
* AtriCure Inc. 31,794 1,393
* Dynavax Technologies Corp. 90,730 1,340
* Omnicell Inc. 29,409 1,325
* Surgery Partners Inc. 45,133 1,320
* Pacific Biosciences of California Inc. 154,803 1,293
* CorVel Corp. 6,464 1,271
* STAAR Surgical Co. 31,579 1,269
* Crinetics Pharmaceuticals Inc. 41,525 1,235
* Certara Inc. 82,746 1,203
* TransMedics Group Inc. 21,384 1,171
* Amphastar Pharmaceuticals Inc. 25,012 1,150
* Beam Therapeutics Inc. 47,486 1,142
* Veracyte Inc. 50,564 1,129
* Novocure Ltd. 69,805 1,127
* Cymabay Therapeutics Inc. 73,192 1,091
* NeoGenomics Inc. 88,491 1,088
* PTC Therapeutics Inc. 48,191 1,080
* Vericel Corp. 31,914 1,070
* Ventyx Biosciences Inc. 30,664 1,065
* RadNet Inc. 37,320 1,052
* Ideaya Biosciences Inc. 37,529 1,013
* Sotera Health Co. 66,690 999
* Supernus Pharmaceuticals Inc. 35,504 979
* NextGen Healthcare Inc. 40,287 956
* Cerevel Therapeutics Holdings Inc. 42,807 934
* Addus HomeCare Corp. 10,934 931
  US Physical Therapy Inc. 10,104 927
* Agios Pharmaceuticals Inc. 36,572 905
* BioCryst Pharmaceuticals Inc. 127,845 905
* Arcellx Inc. 25,140 902
* Celldex Therapeutics Inc. 32,437 893
* PROCEPT BioRobotics Corp. 27,172 891
* Pacira BioSciences Inc. 28,710 881
* Rocket Pharmaceuticals Inc. 42,934 880
* Tandem Diabetes Care Inc. 42,362 880
* Rhythm Pharmaceuticals Inc. 37,886 869

    Shares Market
Value
($000)
* Ironwood Pharmaceuticals Inc. 89,809 865
* Apollo Medical Holdings Inc. 27,703 855
* Nuvalent Inc. Class A 18,284 840
* Recursion Pharmaceuticals Inc. Class A 109,042 834
* UFP Technologies Inc. 5,138 830
* Myriad Genetics Inc. 51,248 822
* Owens & Minor Inc. 50,511 816
* Xencor Inc. 39,729 801
* TG Therapeutics Inc. 92,514 773
* Harmony Biosciences Holdings Inc. 23,247 762
* Geron Corp. (XNGS) 355,050 753
* Twist Bioscience Corp. 37,019 750
* SpringWorks Therapeutics Inc. 32,419 750
* Maravai LifeSciences Holdings Inc. Class A 74,883 749
* Warby Parker Inc. Class A 56,145 739
* Catalyst Pharmaceuticals Inc. 61,744 722
* Alphatec Holdings Inc. 54,795 711
  LeMaitre Vascular Inc. 12,968 706
* Pediatrix Medical Group Inc. 55,482 705
* Mirum Pharmaceuticals Inc. 22,047 697
* Viking Therapeutics Inc. 62,540 692
* Zentalis Pharmaceuticals Inc. 34,017 682
* Amylyx Pharmaceuticals Inc. 36,686 672
* MannKind Corp. 160,991 665
* Avanos Medical Inc. 32,399 655
* Relay Therapeutics Inc. 77,937 655
* Iovance Biotherapeutics Inc. 143,471 653
* Sage Therapeutics Inc. 31,466 648
* Phreesia Inc. 34,256 640
* Vir Biotechnology Inc. 67,206 630
* Revance Therapeutics Inc. 54,270 622
* Hims & Hers Health Inc. 98,255 618
* Quanterix Corp. 22,735 617
* Syndax Pharmaceuticals Inc. 42,477 617
* 89bio Inc. 39,772 614
* Ligand Pharmaceuticals Inc. 10,173 610
* Arvinas Inc. 30,886 607
* Protagonist Therapeutics Inc. 36,191 604
* Ardelyx Inc. 146,614 598
* EQRx Inc. 267,657 594
* ANI Pharmaceuticals Inc. 10,210 593
* Replimune Group Inc. 33,816 579
* Pliant Therapeutics Inc. 32,770 568
  Embecta Corp. 37,671 567
  National Research Corp. 12,703 564
  National HealthCare Corp. 8,649 553
* Arcus Biosciences Inc. 30,654 550
  Healthcare Services Group Inc. 51,351 536
* Deciphera Pharmaceuticals Inc. 42,046 535
* Cogent Biosciences Inc. 54,368 530
* Morphic Holding Inc. 22,900 525
* SI-BONE Inc. 24,527 521
* Varex Imaging Corp. 27,432 515
* MiMedx Group Inc. 70,033 511
* Accolade Inc. 48,104 509
* ADMA Biologics Inc. 141,451 506
* Day One Biopharmaceuticals Inc. 40,860 501
* Collegium Pharmaceutical Inc. 21,847 488

    Shares Market
Value
($000)
* Brookdale Senior Living Inc. 117,747 487
* Alignment Healthcare Inc. 69,296 481
* Keros Therapeutics Inc. 15,051 480
*,1 Novavax Inc. 66,103 479
* Intercept Pharmaceuticals Inc. 25,295 469
* RxSight Inc. 16,736 467
* Adaptive Biotechnologies Corp. 83,604 456
* AdaptHealth Corp. 49,976 455
* Innoviva Inc. 34,734 451
* Viridian Therapeutics Inc. 29,241 449
* Editas Medicine Inc. 57,163 446
* Kura Oncology Inc. 48,316 441
* Travere Therapeutics Inc. 49,248 440
* OPKO Health Inc. 273,854 438
*,1 Cassava Sciences Inc. 26,237 437
* Tango Therapeutics Inc. 38,224 430
* Verve Therapeutics Inc. 32,378 429
* Nevro Corp. 22,284 428
* Rapt Therapeutics Inc. 25,392 422
  HealthStream Inc. 19,258 416
* Point Biopharma Global Inc. 61,839 412
* Inhibrx Inc. 22,277 409
* Arcturus Therapeutics Holdings Inc. 15,956 408
* REGENXBIO Inc. 24,573 404
* Multiplan Corp. 240,079 403
* Artivion Inc. 26,298 399
* Treace Medical Concepts Inc. 30,249 397
* Cytek Biosciences Inc. 71,870 397
* Disc Medicine Inc. 8,454 397
* Avid Bioservices Inc. 41,974 396
  Atrion Corp. 950 392
* Health Catalyst Inc. 38,571 390
* Amneal Pharmaceuticals Inc. 91,556 386
* Outset Medical Inc. 35,262 384
* OmniAb Inc. 72,981 379
* Enhabit Inc. 33,323 375
* Kymera Therapeutics Inc. 26,515 369
* Silk Road Medical Inc. 24,464 367
* PetIQ Inc. 18,318 361
* Fulgent Genetics Inc. 13,415 359
* Tarsus Pharmaceuticals Inc. 20,054 356
* BioLife Solutions Inc. 25,648 354
* Kiniksa Pharmaceuticals Ltd. Class A 19,941 346
* LifeStance Health Group Inc. 49,785 342
* Cabaletta Bio Inc. 22,227 338
* Alector Inc. 52,006 337
* Avidity Biosciences Inc. 52,805 337
* Savara Inc. 85,084 322
* Anavex Life Sciences Corp. 48,655 319
* 4D Molecular Therapeutics Inc. 24,930 317
* Orthofix Medical Inc. 24,357 313
* DocGo Inc. 56,968 304
* Harrow Inc. 21,068 303
* Marinus Pharmaceuticals Inc. 37,627 303
* OrthoPediatrics Corp. 9,379 300
*,1 Taysha Gene Therapies Inc. 94,415 298
*,1 Genelux Corp. 12,171 298
* OraSure Technologies Inc. 47,836 284

    Shares Market
Value
($000)
* Olema Pharmaceuticals Inc. 22,688 280
* Apogee Therapeutics Inc. 13,123 280
* Aclaris Therapeutics Inc. 40,404 277
* GoodRx Holdings Inc. Class A 49,148 277
*,1 Prime Medicine Inc. 28,911 276
* Surmodics Inc. 8,541 274
* Dyne Therapeutics Inc. 30,414 272
* Zymeworks Inc. 42,912 272
* Coherus Biosciences Inc. 72,373 271
* ModivCare Inc. 8,588 271
  Agenus Inc. 236,170 267
* Aldeyra Therapeutics Inc. 39,700 265
* Paragon 28 Inc. 21,144 265
* Alpine Immune Sciences Inc. 22,850 262
* CareDx Inc. 36,939 259
* Community Health Systems Inc. 88,429 256
* Castle Biosciences Inc. 15,171 256
* Phathom Pharmaceuticals Inc. 24,407 253
* Avita Medical Inc. 16,954 248
* Pulmonx Corp. 23,982 248
* Caribou Biosciences Inc. 51,927 248
* Biomea Fusion Inc. 17,973 247
* Acelyrin Inc. 24,309 247
* Tactile Systems Technology Inc. 17,169 241
* Allogene Therapeutics Inc. 75,178 238
* SomaLogic Inc. 97,861 234
* AnaptysBio Inc. 12,747 229
  iRadimed Corp. 5,161 229
* Sana Biotechnology Inc. 58,914 228
* Evolus Inc. 24,497 224
*,1 Clover Health Investments Corp. 207,451 224
* Scholar Rock Holding Corp. 31,110 221
* Nurix Therapeutics Inc. 27,960 220
* Vera Therapeutics Inc. 16,082 220
* Voyager Therapeutics Inc. 27,939 217
* Pennant Group Inc. 19,258 214
* Icosavax Inc. 27,661 214
* Bluebird Bio Inc. 69,347 211
* Liquidia Corp. 33,257 211
* Anika Therapeutics Inc. 11,076 206
* iTeos Therapeutics Inc. 18,508 203
* Enliven Therapeutics Inc. 14,831 203
* ORIC Pharmaceuticals Inc. 32,768 198
* MaxCyte Inc. 63,539 198
*,1 Theravance Biopharma Inc. 22,737 196
* Lyell Immunopharma Inc. 133,452 196
* MacroGenics Inc. 41,349 193
* Arbutus Biopharma Corp. 94,484 192
* Entrada Therapeutics Inc. 12,169 192
* An2 Therapeutics Inc. 11,939 192
* Cerus Corp. 117,250 190
* AngioDynamics Inc. 25,475 186
* Arcutis Biotherapeutics Inc. 34,869 185
* American Well Corp. Class A 158,201 185
* Edgewise Therapeutics Inc. 32,287 185
* Sharecare Inc. 197,135 185
* Fulcrum Therapeutics Inc. 41,311 183
* PMV Pharmaceuticals Inc. 29,279 180

    Shares Market
Value
($000)
* Zimvie Inc. 18,957 178
* KalVista Pharmaceuticals Inc. 17,876 172
  Phibro Animal Health Corp. Class A 13,442 172
* Tabula Rasa HealthCare Inc. 16,298 168
* Cullinan Oncology Inc. 18,523 168
* Astria Therapeutics Inc. 22,465 168
* 23andMe Holding Co. Class A 172,212 168
* Verastem Inc. 20,279 165
* Ocular Therapeutix Inc. 52,253 164
  Utah Medical Products Inc. 1,908 164
* Axogen Inc. 32,599 163
*,1 Senseonics Holdings Inc. 269,188 163
* Standard Bio Tools Inc. 55,941 162
* Atea Pharmaceuticals Inc. 54,141 162
* Vanda Pharmaceuticals Inc. 37,164 161
* HilleVax Inc. 11,894 160
* Assertio Holdings Inc. 61,718 158
* Seres Therapeutics Inc. 66,052 157
* Ovid therapeutics Inc. 40,633 156
* Accuray Inc. 56,460 154
*,1 ImmunityBio Inc. 90,514 153
* Praxis Precision Medicines Inc. 88,154 151
* EyePoint Pharmaceuticals Inc. 18,741 150
* Agiliti Inc. 22,749 148
* Talkspace Inc. 75,188 147
* Applied Therapeutics Inc. 58,824 146
* Xeris Biopharma Holdings Inc. 78,258 146
* Organogenesis Holdings Inc. 45,335 144
* Immuneering Corp. Class A 18,782 144
* CareMax Inc. 67,977 144
* 2seventy bio Inc. 36,686 144
* Enanta Pharmaceuticals Inc. 12,671 142
* Sutro Biopharma Inc. 40,875 142
*,1 Summit Therapeutics Inc. (XNMS) 75,930 142
* Monte Rosa Therapeutics Inc. 29,490 141
*,1 Scilex Holding Co. (XNCM) 98,337 138
* Nuvation Bio Inc. 100,004 134
* Akebia Therapeutics Inc. 115,906 132
* X4 Pharmaceuticals Inc. 120,734 132
* Terns Pharmaceuticals Inc. 26,275 132
* CVRx Inc. 8,704 132
* Computer Programs and Systems Inc. 8,198 131
* Tela Bio Inc. 16,235 130
*,1 Gossamer Bio Inc. 153,515 128
* Rigel Pharmaceuticals Inc. 118,372 128
  SIGA Technologies Inc. 24,311 128
* Y-mAbs Therapeutics Inc. 23,165 126
*,2 PDL BioPharma Inc. 76,234 123
* Mineralys Therapeutics Inc. 12,895 123
*,1 Omeros Corp. 41,682 122
* Zynex Inc. 15,250 122
*,1 Orchestra BioMed Holdings Inc. 13,952 122
* Precigen Inc. 84,404 120
* Nautilus Biotechnology Inc. 37,768 119
* Karyopharm Therapeutics Inc. 87,962 118
* Lineage Cell Therapeutics Inc. 99,941 118
* 908 Devices Inc. 17,668 118
* Eagle Pharmaceuticals Inc. 7,396 117

    Shares Market
Value
($000)
* Zevra Therapeutics Inc. 24,085 116
* Fate Therapeutics Inc. 54,076 115
*,1 CorMedix Inc. 30,814 114
*,1 ProKidney Corp. 24,730 113
*,1 Zomedica Corp. 672,102 112
* Joint Corp. 12,384 111
* Harvard Bioscience Inc. 25,313 109
* Compass Therapeutics Inc. 55,213 109
* Actinium Pharmaceuticals Inc. 18,282 108
* Poseida Therapeutics Inc. 44,843 107
* Invitae Corp. 174,382 106
* Viemed Healthcare Inc. 15,567 105
* Augmedix Inc. 20,408 105
* Aerovate Therapeutics Inc. 7,673 104
* Larimar Therapeutics Inc. 26,178 103
* Sanara Medtech Inc. 3,304 103
*,1 Tyra Biosciences Inc. 7,492 103
* Emergent BioSolutions Inc. 30,037 102
* Adverum Biotechnologies Inc. 67,508 101
* Merrimack Pharmaceuticals Inc. 8,157 101
* Hyperfine Inc. 49,477 101
* Optinose Inc. 81,301 100
* Innovage Holding Corp. 16,618 100
* Thorne HealthTech Inc. 9,862 100
* Reneo Pharmaceuticals Inc. 13,013 99
* Abeona Therapeutics Inc. 23,529 99
* Butterfly Network Inc. 83,265 98
* ClearPoint Neuro Inc. 19,277 97
* Inozyme Pharma Inc. 22,831 96
* Selecta Biosciences Inc. 89,345 95
* Generation Bio Co. 25,032 95
*,1 scPharmaceuticals Inc. 13,399 95
* Humacyte Inc. 32,332 95
* Mersana Therapeutics Inc. 74,321 94
* Inmune Bio Inc. 13,715 94
  Carisma Therapeutics Inc. 21,948 93
* Allakos Inc. 39,930 91
* InfuSystem Holdings Inc. 9,429 91
* Lyra Therapeutics Inc. 23,364 91
* Longboard Pharmaceuticals Inc. 16,186 90
* Atara Biotherapeutics Inc. 60,082 89
* Lexicon Pharmaceuticals Inc. 81,719 89
* Quantum-Si Inc. 53,609 89
* TScan Therapeutics Inc. 34,364 88
* Pulse Biosciences Inc. 21,552 87
*,1 PDS Biotechnology Corp. 17,161 87
* Stoke Therapeutics Inc. 21,635 85
* Puma Biotechnology Inc. 31,801 84
* OptimizeRx Corp. 10,556 82
* IGM Biosciences Inc. 9,841 82
* Erasca Inc. 40,997 81
* Codexis Inc. 41,959 79
* Inogen Inc. 15,064 79
* Altimmune Inc. 30,386 79
* Invivyd Inc. 45,821 78
* Heron Therapeutics Inc. 73,891 76
* Inovio Pharmaceuticals Inc. 195,712 76
* Aura Biosciences Inc. 8,362 75

    Shares Market
Value
($000)
* Seer Inc. 33,292 74
* Janux Therapeutics Inc. 7,344 74
* Semler Scientific Inc. 2,930 74
* FONAR Corp. 4,742 73
* Nektar Therapeutics 122,239 73
* Biote Corp. Class A 14,293 73
* Galectin Therapeutics Inc. 37,318 72
* Achieve Life Sciences Inc. 16,807 72
*,1 Ocuphire Pharma Inc. 21,645 72
*,1 Nuvectis Pharma Inc. 5,612 72
* Foghorn Therapeutics Inc. 13,954 70
* Anixa Biosciences Inc. 21,079 69
* Cutera Inc. 11,232 68
* Gritstone bio Inc. 39,292 68
* Annexon Inc. 28,844 68
* Trevi Therapeutics Inc. 31,348 68
* Third Harmonic Bio Inc. 10,433 67
* Sangamo Therapeutics Inc. 110,293 66
* KORU Medical Systems Inc. 24,313 66
* Capricor Therapeutics Inc. 19,231 66
* Tenaya Therapeutics Inc. 25,755 66
* XOMA Corp. 4,608 65
*,1 Eton Pharmaceuticals Inc. 15,500 65
* Relmada Therapeutics Inc. 21,534 65
* ALX Oncology Holdings Inc. 13,412 64
* Atossa Therapeutics Inc. 87,558 64
* ARS Pharmaceuticals Inc. 16,780 63
* Acumen Pharmaceuticals Inc. 15,267 63
* enVVeno Medical Corp. 11,710 63
* CytomX Therapeutics Inc. 48,168 62
* Vaxart Inc. 82,063 62
* Akoya Biosciences Inc. 13,086 61
* Sight Sciences Inc. 17,966 61
* Acrivon Therapeutics Inc. 6,404 61
* GlycoMimetics Inc. 39,833 60
*,1 Bionano Genomics Inc. 19,837 60
* Apyx Medical Corp. 18,313 59
* Stereotaxis Inc. 37,475 59
* Celcuity Inc. 6,440 59
* Vor BioPharma Inc. 28,015 59
*,1 Citius Pharmaceuticals Inc. 85,694 59
* Vigil Neuroscience Inc. 10,718 58
* Esperion Therapeutics Inc. 57,940 57
* Cara Therapeutics Inc. 33,488 56
* Cue Biopharma Inc. 24,434 56
* CytoSorbents Corp. 29,596 56
* FibroGen Inc. 65,439 56
* ChromaDex Corp. 37,499 55
*,1 Greenwich Lifesciences Inc. 6,258 55
* Graphite Bio Inc. 22,375 55
* Vaxxinity Inc. Class A 40,231 55
* Ocugen Inc. 135,443 54
* Black Diamond Therapeutics Inc. 18,268 52
* Kezar Life Sciences Inc. 43,585 52
* Cidara Therapeutics Inc. 54,780 52
* Jasper Therapeutics Inc. 74,930 52
* Enzo Biochem Inc. 36,523 51
* NanoString Technologies Inc. 29,545 51

    Shares Market
Value
($000)
* C4 Therapeutics Inc. 27,453 51
* NeuroPace Inc. 5,190 50
* Aadi Bioscience Inc. 10,337 50
* BioAtla Inc. 28,992 49
* Talaris Therapeutics Inc. 17,570 49
* Chimerix Inc. 50,447 48
* XBiotech Inc. 11,624 48
* Cano Health Inc. 185,620 47
* Reviva Pharmaceuticals Holdings Inc. 9,618 47
*,1 Sera Prognostics Inc. Class A 25,316 47
* Athira Pharma Inc. 22,843 46
* Bioventus Inc. Class A 13,494 45
* Asensus Surgical Inc. 165,733 45
* Dyadic International Inc. 23,051 44
* Rezolute Inc. 33,333 44
* Verrica Pharmaceuticals Inc. 10,956 43
*,1 Annovis Bio Inc. 4,518 43
* Ikena Oncology Inc. 9,909 43
* Corvus Pharmaceuticals Inc. 29,109 42
* Allovir Inc. 19,387 42
* Prelude Therapeutics Inc. 13,754 42
* Diamedica Therapeutics Inc. 15,764 41
* Oncology Institute Inc. 29,068 41
* Pro-Dex Inc. 2,523 40
* Aveanna Healthcare Holdings Inc. 33,268 40
*,1 Durect Corp. 15,978 40
* Cardiff Oncology Inc. 27,727 39
* Inotiv Inc. 12,773 39
* G1 Therapeutics Inc. 26,630 38
* Beyond Air Inc. 16,450 38
*,1 Bioxcel Therapeutics Inc. 15,053 38
* Absci Corp. 28,820 38
* Omega Therapeutics Inc. 17,625 38
* CEL–SCI Corp. 29,843 37
* Kodiak Sciences Inc. 20,721 37
* Rallybio Corp. 11,052 37
* Homology Medicines Inc. 30,844 36
* Scynexis Inc. 15,858 36
* GeneDx Holdings Corp. 9,600 35
* Milestone Scientific Inc. 37,457 34
*,1 SmileDirectClub Inc. 81,621 34
* Kronos Bio Inc. 25,786 34
* iCAD Inc. 15,565 33
* Forian Inc. 14,566 33
* P3 Health Partners Inc. 22,736 33
* Shattuck Labs Inc. 21,109 32
* Sensus Healthcare Inc. 11,106 31
* Aquestive Therapeutics Inc. 20,542 31
* NGM Biopharmaceuticals Inc. 29,422 31
*,1 Rani Therapeutics Holdings Inc. Class A 14,248 31
* Movano Inc. 28,211 31
* Personalis Inc. 24,439 30
* Viracta Therapeutics Inc. 28,450 30
* Syros Pharmaceuticals Inc. 7,704 30
* Clearside Biomedical Inc. 33,371 29
* Perspective Therapeutics Inc. 104,951 29
* Mei Pharma Inc. 4,079 29
* Dianthus Therapeutics Inc. 2,124 29

    Shares Market
Value
($000)
* Adicet Bio Inc. 20,544 28
* Century Therapeutics Inc. 13,813 28
* Eyenovia Inc. 16,207 27
* Design Therapeutics Inc. 11,218 26
*,1 Sonendo Inc. 34,483 26
* Neuronetics Inc. 18,525 25
* Theseus Pharmaceuticals Inc. 9,484 25
* Corbus Pharmaceuticals Holdings Inc. 3,766 25
* Co.-Diagnostics Inc. 22,364 24
* Spero Therapeutics Inc. 19,689 24
* Dermtech Inc. 16,722 24
* Exagen Inc. 9,919 24
* SELLAS Life Sciences Group Inc. 14,948 24
*,1 Outlook Therapeutics Inc. 105,871 23
* Cue Health Inc. 51,949 23
* Pyxis Oncology Inc. 11,615 23
* Lensar Inc. 6,985 22
* ElectroCore Inc. 3,704 22
* Kinnate Biopharma Inc. 15,091 21
* Dare Bioscience Inc. 44,843 21
* Passage Bio Inc. 30,974 20
* Lumos Pharma Inc. 5,932 20
*,2 Tobira Therapeutics Inc. CVR 4,500 20
* Bolt Biotherapeutics Inc. 18,932 20
* AIM ImmunoTech Inc. 43,668 20
* Lantern Pharma Inc. 5,987 20
* Curis Inc. 3,057 20
* Matinas BioPharma Holdings Inc. 146,195 19
* Science 37 Holdings Inc. 47,942 19
* IRIDEX Corp. 7,102 18
* Aligos Therapeutics Inc. 24,596 18
* Eledon Pharmaceuticals Inc. 13,263 18
* PepGen Inc. 3,638 18
* BioSig Technologies Inc. 34,130 17
* Fortress Biotech Inc. 57,880 17
* Quince Therapeutics Inc. 14,974 17
* TherapeuticsMD Inc. 5,486 17
* Neoleukin Therapeutics Inc. 4,287 17
* Werewolf Therapeutics Inc. 7,424 16
* Alpha Teknova Inc. 5,588 16
*,1 Alaunos Therapeutics Inc. 111,142 15
* PAVmed Inc. 51,627 15
*,1 MyMD Pharmaceuticals Inc. 26,030 15
* Hepion Pharmaceuticals Inc. 3,104 15
*,1 Elicio Operating Co. Inc. 1,745 15
* RayzeBio Inc. 655 15
* Societal CDMO Inc. 29,155 14
* Acutus Medical Inc. 19,578 14
* Cocrystal Pharma Inc. 7,576 14
* Strata Skin Sciences Inc. 21,171 13
* Equillium Inc. 17,857 13
* Genprex Inc. 32,101 13
* Seelos Therapeutics Inc. 73,139 13
* CareCloud Inc. 11,111 13
* Lipocine Inc. 4,409 13
*,1 Cellectar Biosciences Inc. 4,608 12
* Palatin Technologies Inc. 7,653 12
* Sientra Inc. 4,467 12

    Shares Market
Value
($000)
* Molecular Templates Inc. 1,906 12
* Retractable Technologies Inc. 9,432 11
* Sensei Biotherapeutics Inc. 15,072 11
* Rain Oncology Inc. 13,141 11
* Bright Green Corp. 26,666 11
* Dominari Holdings Inc. 4,463 11
* Bright Health Group Inc. 1,899 11
*,1 Evelo Biosciences Inc. 2,747 11
* Oncocyte Corp. 3,384 11
* Oncternal Therapeutics Inc. 34,025 10
* Ekso Bionics Holdings Inc. 14,085 10
* Onconova Therapeutics Inc. 14,441 10
* Orgenesis Inc. 14,863 9
* Telesis Bio Inc. 8,909 9
* Sagimet Biosciences Inc. Class A 1,022 9
*,2 Spectrum Pharmaceuticals Inc. CVR 109,299 9
* Eiger BioPharmaceuticals Inc. 25,269 8
* Clene Inc. 16,019 8
* Rapid Micro Biosystems Inc. Class A 7,185 8
*,1 Axcella Health Inc. 726 8
* BrainStorm Cell Therapeutics Inc. 33,748 7
* Singular Genomics Systems Inc. 19,503 7
*,1 SAB Biotherapeutics Inc. 10,730 7
* Celularity Inc. 31,525 7
* Solid Biosciences Inc. 2,867 7
*,1 Checkpoint Therapeutics Inc. 4,269 7
* Synlogic Inc. 2,604 7
* eFFECTOR Therapeutics Inc. 9,544 6
* Imunon Inc. 6,172 6
* Precipio Inc. 1,077 6
*,1 Atreca Inc. Class A 21,020 5
*,1 Impel Pharmaceuticals Inc. 12,285 5
* Surrozen Inc. 10,142 5
*,1 Aprea Therapeutics Inc. 1,136 5
* Neumora Therapeutics Inc. 360 5
* Instil Bio Inc. 9,285 4
* NRX Pharmaceuticals Inc. 17,185 4
*,2 UpHealth Inc. 4,033 4
* Venus Concept Inc. 2,061 4
* Turnstone Biologics Corp. 933 4
*,1 Aravive Inc. 24,509 3
* Processa Pharmaceuticals Inc. 13,028 3
* AcelRx Pharmaceuticals Inc. 4,532 3
* TFF Pharmaceuticals Inc. 6,067 2
* GT Biopharma Inc. 6,559 2
* Nkarta Inc. 1,035 1
*,2 Synergy Pharmaceuticals Inc. 412,534
*,2 OmniAb Inc. 12.5 Earnout 3,939
*,2 OmniAb Inc. 15 Earnout 3,939
      3,536,718
Industrials (12.8%)
  Visa Inc. Class A 1,069,841 246,074
  Mastercard Inc. Class A 559,882 221,663
  Accenture plc Class A 420,011 128,990
  Caterpillar Inc. 339,798 92,765
  Union Pacific Corp. 405,772 82,627
  Honeywell International Inc. 442,103 81,674
  General Electric Co. 725,196 80,170

    Shares Market
Value
($000)
* Boeing Co. 402,121 77,079
  United Parcel Service Inc. Class B (XNYS) 481,260 75,014
  RTX Corp. 970,403 69,840
  Lockheed Martin Corp. 167,591 68,538
  Deere & Co. 175,828 66,354
  Automatic Data Processing Inc. 274,281 65,987
  Eaton Corp. plc 266,211 56,777
  American Express Co. 367,997 54,901
* Fiserv Inc. 405,978 45,859
  Illinois Tool Works Inc. 191,051 44,001
* PayPal Holdings Inc. 732,357 42,814
  CSX Corp. 1,336,524 41,098
  Northrop Grumman Corp. 90,781 39,961
  FedEx Corp. 150,687 39,920
  Sherwin-Williams Co. 154,029 39,285
  Emerson Electric Co. 380,759 36,770
  General Dynamics Corp. 163,463 36,120
  3M Co. 368,894 34,536
  Parker-Hannifin Corp. 85,622 33,351
  Carrier Global Corp. 558,399 30,824
  Trane Technologies plc 151,813 30,804
  Norfolk Southern Corp. 151,247 29,785
  PACCAR Inc. 347,784 29,569
* TransDigm Group Inc. 34,992 29,503
  Cintas Corp. 57,475 27,646
  Old Dominion Freight Line Inc. 65,639 26,856
  Paychex Inc. 216,335 24,950
  Johnson Controls International plc 452,503 24,078
  Capital One Financial Corp. 242,063 23,492
  Verisk Analytics Inc. 96,605 22,822
  AMETEK Inc. 153,280 22,649
  Ferguson plc 135,917 22,354
  Otis Worldwide Corp. 274,496 22,045
  L3Harris Technologies Inc. 126,346 21,999
  Fidelity National Information Services Inc. 397,664 21,979
  Rockwell Automation Inc. 76,763 21,944
  Cummins Inc. 94,298 21,543
  WW Grainger Inc. 29,961 20,728
  DuPont de Nemours Inc. 275,247 20,531
  PPG Industries Inc. 156,703 20,340
  United Rentals Inc. 45,652 20,296
  Global Payments Inc. 173,621 20,034
  Quanta Services Inc. 96,903 18,128
  Vulcan Materials Co. 88,467 17,872
  Fortive Corp. 233,393 17,308
  Ingersoll Rand Inc. (XYNS) 269,455 17,170
  Martin Marietta Materials Inc. 41,278 16,944
* Block Inc. (XNYS) 367,182 16,251
* Mettler-Toledo International Inc. 14,562 16,136
* Keysight Technologies Inc. 118,857 15,726
  Equifax Inc. 82,040 15,028
  Xylem Inc. 160,341 14,596
* Fair Isaac Corp. 15,686 13,624
  Dover Corp. 93,220 13,005
* Teledyne Technologies Inc. 31,491 12,867
  Westinghouse Air Brake Technologies Corp. 120,071 12,760
  Howmet Aerospace Inc. 259,405 11,997
* FleetCor Technologies Inc. 46,607 11,901

    Shares Market
Value
($000)
  Jacobs Solutions Inc. 83,485 11,396
  Expeditors International of Washington Inc. 98,675 11,311
  Hubbell Inc. 35,946 11,266
* Waters Corp. 39,486 10,827
  IDEX Corp. 50,679 10,542
  Ball Corp. 210,921 10,500
  JB Hunt Transport Services Inc. 55,280 10,421
* Builders FirstSource Inc. 83,656 10,414
  Textron Inc. 131,559 10,280
  Booz Allen Hamilton Holding Corp. 87,108 9,518
* Axon Enterprise Inc. 47,559 9,464
  Packaging Corp. of America 60,205 9,244
  TransUnion 128,736 9,242
  Snap-on Inc. 35,080 8,948
  HEICO Corp. Class A 69,113 8,931
* Trimble Inc. 165,027 8,888
  Stanley Black & Decker Inc. 102,993 8,608
  Carlisle Cos. Inc. 33,058 8,571
  Synchrony Financial 277,153 8,473
  Watsco Inc. 22,265 8,410
  Owens Corning 60,122 8,201
  Graco Inc. 112,205 8,178
* Zebra Technologies Corp. Class A 34,464 8,152
  RPM International Inc. 85,596 8,115
  Lennox International Inc. 21,491 8,047
  Masco Corp. 149,594 7,996
  AECOM 92,697 7,698
  Nordson Corp. 34,081 7,606
  Jack Henry & Associates Inc. 48,523 7,334
* Bill Holdings Inc. 67,264 7,303
  Pentair plc 110,620 7,163
  Crown Holdings Inc. 80,473 7,120
  Lincoln Electric Holdings Inc. 38,779 7,050
* Saia Inc. 17,612 7,021
  EMCOR Group Inc. 31,163 6,556
  Regal Rexnord Corp. 44,351 6,337
  CH Robinson Worldwide Inc. 73,097 6,296
  Allegion plc 58,566 6,103
  Westrock Co. 169,865 6,081
  nVent Electric plc 112,144 5,943
  Advanced Drainage Systems Inc. 50,017 5,693
  Toro Co. 68,433 5,687
* XPO Inc. 73,449 5,484
  A O Smith Corp. 82,394 5,449
  Huntington Ingalls Industries Inc. 26,494 5,420
  ITT Inc. 55,274 5,412
  AptarGroup Inc. 43,263 5,410
* WEX Inc. 28,647 5,388
  Tetra Tech Inc. 35,282 5,364
  Fortune Brands Innovations Inc. 85,150 5,293
* TopBuild Corp. 20,853 5,247
* WillScot Mobile Mini Holdings Corp. 125,108 5,203
* Paylocity Holding Corp. 28,394 5,159
  Knight-Swift Transportation Holdings Inc. 101,625 5,096
  Curtiss-Wright Corp. 25,866 5,060
  Woodward Inc. 40,458 5,027
  AGCO Corp. 42,116 4,981
  Robert Half Inc. 67,750 4,965

    Shares Market
Value
($000)
  WESCO International Inc. 34,163 4,913
  Donaldson Co. Inc. 82,258 4,906
  Cognex Corp. 114,966 4,879
* Chart Industries Inc. 28,610 4,839
* GXO Logistics Inc. 78,973 4,632
  Berry Global Group Inc. 74,545 4,615
* Generac Holdings Inc. 42,091 4,586
* Middleby Corp. 35,774 4,579
  Graphic Packaging Holding Co. 204,176 4,549
  BWX Technologies Inc. 59,866 4,489
* Trex Co. Inc. 72,128 4,445
  Genpact Ltd. 120,129 4,349
  Simpson Manufacturing Co. Inc. 28,269 4,235
  Landstar System Inc. 23,487 4,156
  Oshkosh Corp. 43,529 4,154
  Littelfuse Inc. 16,590 4,103
  Comfort Systems USA Inc. 23,594 4,021
  Applied Industrial Technologies Inc. 25,997 4,019
* FTI Consulting Inc. 22,523 4,018
* Axalta Coating Systems Ltd. 148,782 4,002
  MSA Safety Inc. 25,267 3,983
  Eagle Materials Inc. 23,372 3,892
  MKS Instruments Inc. 44,436 3,845
* Atkore Inc. 25,536 3,810
  Sensata Technologies Holding plc 100,461 3,799
  Brunswick Corp. 47,243 3,732
  Acuity Brands Inc. 21,040 3,583
  Sonoco Products Co. 65,724 3,572
* Fluor Corp. 97,150 3,565
  Flowserve Corp. 87,966 3,498
  Allison Transmission Holdings Inc. 59,016 3,485
* ATI Inc. 84,671 3,484
* API Group Corp. 127,637 3,310
* Kirby Corp. 39,383 3,261
  Western Union Co. 246,893 3,254
  Valmont Industries Inc. 13,488 3,240
  Vontier Corp. 103,198 3,191
  Sealed Air Corp. 96,939 3,185
  Watts Water Technologies Inc. Class A 18,246 3,153
  MSC Industrial Direct Co. Inc. Class A 31,893 3,130
  Maximus Inc. 41,113 3,070
* Mohawk Industries Inc. 35,602 3,055
  Ryder System Inc. 28,382 3,035
* MasTec Inc. 41,857 3,012
* ExlService Holdings Inc. 103,968 2,915
  Crane Co. 32,472 2,885
* AZEK Co. Inc. 96,451 2,868
* Affirm Holdings Inc. 134,426 2,859
  Exponent Inc. 33,228 2,844
  Air Lease Corp. 70,382 2,774
  Badger Meter Inc. 19,159 2,756
* Beacon Roofing Supply Inc. 35,643 2,751
  Belden Inc. 28,037 2,707
  AAON Inc. 47,256 2,687
  Esab Corp. 38,065 2,673
  MDU Resources Group Inc. 133,393 2,612
  EnerSys 27,494 2,603
  GATX Corp. 23,895 2,600

    Shares Market
Value
($000)
  Zurn Elkay Water Solutions Corp. 91,290 2,558
* ASGN Inc. 30,558 2,496
* Summit Materials Inc. Class A 79,728 2,483
* Euronet Worldwide Inc. 31,227 2,479
  HB Fuller Co. 36,021 2,471
  Federal Signal Corp. 41,051 2,452
  Terex Corp. 42,540 2,451
  Louisiana-Pacific Corp. 44,024 2,433
  Insperity Inc. 24,603 2,401
  ManpowerGroup Inc. 32,658 2,394
* Flywire Corp. 74,610 2,379
* SPX Technologies Inc. 28,923 2,354
  Silgan Holdings Inc. 54,296 2,341
  Franklin Electric Co. Inc. 26,153 2,334
* TriNet Group Inc. 19,680 2,292
  John Bean Technologies Corp. 21,501 2,261
  Moog Inc. Class A 19,206 2,170
  Otter Tail Corp. 28,449 2,160
* AMN Healthcare Services Inc. 25,272 2,153
  Herc Holdings Inc. 17,583 2,091
* Shift4 Payments Inc. Class A 37,505 2,077
  Armstrong World Industries Inc. 28,804 2,074
  Brink's Co. 28,267 2,053
* Verra Mobility Corp. 109,373 2,045
* Remitly Global Inc. 80,191 2,022
  Hillenbrand Inc. 47,595 2,014
  FTAI Aviation Ltd. 56,335 2,003
* Core & Main Inc. Class A 68,542 1,977
  Matson Inc. 22,258 1,975
  Installed Building Products Inc. 15,637 1,953
  Encore Wire Corp. 10,695 1,951
* AeroVironment Inc. 17,224 1,921
  HEICO Corp. 11,684 1,892
* Marqeta Inc. Class A 313,953 1,877
  CSW Industrials Inc. 10,383 1,820
  Crane NXT Co. 32,472 1,804
  ESCO Technologies Inc. 17,096 1,786
  Kadant Inc. 7,887 1,779
* Itron Inc. 29,231 1,771
* Bloom Energy Corp. Class A 132,066 1,751
  Albany International Corp. Class A 20,196 1,743
  EnPro Industries Inc. 14,248 1,727
* O-I Glass Inc. 103,048 1,724
* GMS Inc. 26,923 1,722
* Dycom Industries Inc. 19,051 1,696
  Korn Ferry 35,706 1,694
  ABM Industries Inc. 42,253 1,691
* Knife River Corp. 34,613 1,690
  UniFirst Corp. 10,340 1,686
  EVERTEC Inc. 45,210 1,681
* CBIZ Inc. 31,478 1,634
  McGrath RentCorp 16,300 1,634
* Alight Inc. Class A 227,851 1,615
  Brady Corp. Class A 29,059 1,596
  ArcBest Corp. 15,492 1,575
* ACI Worldwide Inc. 68,960 1,556
* RXO Inc. 78,761 1,554
* MYR Group Inc. 11,527 1,553

    Shares Market
Value
($000)
* Hub Group Inc. Class A 19,554 1,536
* Resideo Technologies Inc. 95,827 1,514
  ICF International Inc. 12,487 1,509
  Werner Enterprises Inc. 38,312 1,492
* Joby Aviation Inc. 229,930 1,483
* Modine Manufacturing Co. 32,293 1,477
  ADT Inc. 238,755 1,433
  Veritiv Corp. 8,384 1,416
* Gibraltar Industries Inc. 20,893 1,410
* Masonite International Corp. 14,927 1,392
* Mercury Systems Inc. 37,014 1,373
  Kennametal Inc. 54,849 1,365
  Mueller Water Products Inc. Class A 107,014 1,357
* Sterling Infrastructure Inc. 18,417 1,353
  Trinity Industries Inc. 55,583 1,353
* AAR Corp. 22,255 1,325
  International Seaways Inc. 28,661 1,290
* Kratos Defense & Security Solutions Inc. 84,867 1,275
* Huron Consulting Group Inc. 12,086 1,259
  Helios Technologies Inc. 22,120 1,227
  Forward Air Corp. 17,731 1,219
* Hayward Holdings Inc. 86,299 1,217
  Alamo Group Inc. 6,965 1,204
  Standex International Corp. 8,184 1,192
* Spirit AeroSystems Holdings Inc. Class A 73,122 1,180
  Griffon Corp. 29,492 1,170
  Primoris Services Corp. 35,682 1,168
  Greif Inc. Class A 17,445 1,166
  Bread Financial Holdings Inc. 33,502 1,146
  Granite Construction Inc. 29,933 1,138
  Barnes Group Inc. 33,140 1,126
* OSI Systems Inc. 9,371 1,106
* Aurora Innovation Inc. 465,807 1,095
* PGT Innovations Inc. 39,130 1,086
  Patrick Industries Inc. 14,015 1,052
* Hillman Solutions Corp. 127,178 1,049
* Gates Industrial Corp. plc 90,004 1,045
*,1 Enovix Corp. 82,793 1,039
* Masterbrand Inc. 85,069 1,034
* Payoneer Global Inc. 166,561 1,019
* AvidXchange Holdings Inc. 105,906 1,004
* Donnelley Financial Solutions Inc. 17,471 983
* Construction Partners Inc. Class A 26,330 963
  Tennant Co. 12,963 961
* Air Transport Services Group Inc. 45,684 953
  Enerpac Tool Group Corp. 35,260 932
  H&E Equipment Services Inc. 21,434 926
* Vicor Corp. 15,479 912
* Legalzoom.com Inc. 83,273 911
* Mirion Technologies Inc. 119,087 890
  Lindsay Corp. 7,356 866
* NV5 Global Inc. 8,784 845
* CoreCivic Inc. 73,790 830
*,1 Nikola Corp. 517,927 813
* American Woodmark Corp. 10,668 807
  Kforce Inc. 13,498 805
  Greenbrier Cos. Inc. 20,106 804
* Rocket Lab USA Inc. 182,365 799

    Shares Market
Value
($000)
  Marten Transport Ltd. 40,284 794
* CIRCOR International Inc. 13,776 768
  Schneider National Inc. Class B 26,924 746
* Cimpress plc 10,377 727
  AZZ Inc. 15,672 714
  Astec Industries Inc. 14,990 706
  TriMas Corp. 28,333 702
* JELD-WEN Holding Inc. 52,294 699
* Energy Recovery Inc. 32,726 694
  Wabash National Corp. 32,081 678
  Apogee Enterprises Inc. 14,390 677
  Columbus McKinnon Corp. 18,897 660
* Thermon Group Holdings Inc. 23,090 634
  Chase Corp. 4,896 623
* Cross Country Healthcare Inc. 24,857 616
* Janus International Group Inc. 55,965 599
* Leonardo DRS Inc. 35,211 588
  Quanex Building Products Corp. 20,720 584
*,1 Symbotic Inc. 17,155 573
*,1 Archer Aviation Inc. Class A 104,661 530
* Montrose Environmental Group Inc. 17,944 525
*,1 PureCycle Technologies Inc. 92,711 520
  First Advantage Corp. 37,156 512
  Deluxe Corp. 26,435 499
* ZipRecruiter Inc. Class A 41,212 494
  Napco Security Technologies Inc. 22,084 491
* Transcat Inc. 4,995 489
* BlueLinx Holdings Inc. 5,916 486
* Proto Labs Inc. 18,265 482
* Titan International Inc. 35,420 476
  Douglas Dynamics Inc. 15,634 472
* SP Plus Corp. 13,055 471
  Gorman-Rupp Co. 14,174 466
  Powell Industries Inc. 5,600 464
* Ducommun Inc. 10,493 457
* Green Dot Corp. Class A 32,065 447
  VSE Corp. 8,731 440
* CryoPort Inc. 31,264 429
  Myers Industries Inc. 23,354 419
  CRA International Inc. 4,137 417
  Insteel Industries Inc. 12,847 417
  Heartland Express Inc. 28,178 414
* Repay Holdings Corp. 53,054 403
*,1 Virgin Galactic Holdings Inc. 223,513 402
* V2X Inc. 7,758 401
* Aspen Aerogels Inc. 45,965 395
  Barrett Business Services Inc. 4,348 392
* Triumph Group Inc. 50,771 389
  Kaman Corp. 19,711 387
* Conduent Inc. 110,060 383
  Kelly Services Inc. Class A 20,712 377
* Franklin Covey Co. 8,643 371
  Pitney Bowes Inc. 122,407 370
* International Money Express Inc. 21,778 369
  Ennis Inc. 17,315 367
  Mesa Laboratories Inc. 3,399 357
  Argan Inc. 7,717 351
  Heidrick & Struggles International Inc. 13,509 338

    Shares Market
Value
($000)
  Allient Inc. 10,898 337
* Titan Machinery Inc. 12,688 337
  TTEC Holdings Inc. 12,779 335
* DXP Enterprises Inc. 9,402 329
* Great Lakes Dredge & Dock Corp. 40,776 325
* IES Holdings Inc. 4,930 325
  United States Lime & Minerals Inc. 1,592 320
  Shyft Group Inc. 21,374 320
  Resources Connection Inc. 21,381 319
  Hyster-Yale Materials Handling Inc. 7,142 318
* I3 Verticals Inc. Class A 14,839 314
  REV Group Inc. 19,601 314
* TrueBlue Inc. 21,435 314
* Manitowoc Co. Inc. 20,774 313
* Evolv Technologies Holdings Inc. 64,297 312
* Hudson Technologies Inc. 23,217 309
* Target Hospitality Corp. 19,278 306
* Vishay Precision Group Inc. 9,031 303
  Cadre Holdings Inc. 11,279 301
  LSI Industries Inc. 18,908 300
  Cass Information Systems Inc. 8,004 298
* Aersale Corp. 19,925 298
* Astronics Corp. 18,393 292
* Sterling Check Corp. 22,976 290
* CECO Environmental Corp. 18,094 289
  National Presto Industries Inc. 3,924 284
* Blue Bird Corp. 13,070 279
* Custom Truck One Source Inc. 42,513 264
  Eagle Bulk Shipping Inc. 5,976 251
* Forrester Research Inc. 8,441 244
*,1 Desktop Metal Inc. Class A 167,096 244
  FTAI Infrastructure Inc. 74,858 241
* Cantaloupe Inc. 38,378 240
  Miller Industries Inc. 6,057 238
* Bowman Consulting Group Ltd. 8,369 235
* Distribution Solutions Group Inc. 8,504 221
* Overseas Shipholding Group Inc. Class A 49,959 219
*,1 Microvast Holdings Inc. 108,265 205
* TaskUS Inc. Class A 19,113 198
* BrightView Holdings Inc. 25,317 196
* FARO Technologies Inc. 12,657 193
* Tutor Perini Corp. 24,689 193
* Concrete Pumping Holdings Inc. 22,106 190
*,1 Atmus Filtration Technologies Inc. 8,593 179
* Willdan Group Inc. 8,638 176
* Paymentus Holdings Inc. Class A 10,632 176
*,1 Eos Energy Enterprises Inc. 81,245 175
* Limbach Holdings Inc. 5,334 169
* Daseke Inc. 32,052 164
* Commercial Vehicle Group Inc. 21,010 163
  Pactiv Evergreen Inc. 20,016 163
* Radiant Logistics Inc. 28,389 160
  Park Aerospace Corp. 10,255 159
* Core Molding Technologies Inc. 5,479 156
* TuSimple Holdings Inc. Class A 100,233 156
* Ranpak Holdings Corp. 28,481 155
* Advantage Solutions Inc. 53,753 153
* Graham Corp. 9,026 150

    Shares Market
Value
($000)
* L B Foster Co. Class A 7,870 149
* Babcock & Wilcox Enterprises Inc. 34,947 147
*,1 Velo3D Inc. 94,353 147
* Orion Group Holdings Inc. 27,064 145
  Park-Ohio Holdings Corp. 7,053 140
* Gencor Industries Inc. 9,715 137
* Iteris Inc. 33,154 137
* Rekor Systems Inc. 47,989 135
  Information Services Group Inc. 30,277 133
* Quad/Graphics Inc. 26,173 132
  Covenant Logistics Group Inc. 2,988 131
* Twin Disc Inc. 9,394 129
* Acacia Research Corp. 35,109 128
* Atlanticus Holdings Corp. 4,164 126
*,1 Danimer Scientific Inc. 58,942 122
  PFSweb Inc. 15,856 118
  Universal Logistics Holdings Inc. 4,679 118
* Luna Innovations Inc. 19,734 116
* Performant Financial Corp. 51,043 115
* SoundThinking Inc. 6,306 113
  Hurco Cos. Inc. 5,040 113
* CS Disco Inc. 16,686 111
* Hireright Holdings Corp. 11,620 111
*,1 Blade Air Mobility Inc. 41,940 109
* DHI Group Inc. 34,401 105
* Markforged Holding Corp. 71,461 104
* Hyliion Holdings Corp. 84,365 100
  Karat Packaging Inc. 4,292 99
  Kronos Worldwide Inc. 12,662 98
  ARC Document Solutions Inc. 30,422 97
*,1 Tingo Group Inc. 94,891 97
* EVI Industries Inc. 3,692 92
* Willis Lease Finance Corp. 1,962 83
* Mistras Group Inc. 15,007 82
  BGSF Inc. 8,582 82
* BlackSky Technology Inc. 67,765 79
  Hirequest Inc. 4,907 76
* VirTra Inc. 13,519 75
* PAM Transportation Services Inc. 3,326 72
* Paysign Inc. 34,843 68
* DLH Holdings Corp. 5,768 67
* Moneylion Inc. 3,090 67
* CPI Card Group Inc. 3,492 65
*,1 Hyzon Motors Inc. 51,124 64
* Mayville Engineering Co. Inc. 5,637 62
*,1 Amprius Technologies Inc. 13,135 62
* Hudson Global Inc. 2,857 55
* Alpha Pro Tech Ltd. 12,073 52
* Smith-Midland Corp. 2,675 51
* Terran Orbital Corp. 56,410 47
* 374Water Inc. 36,898 46
* Spire Global Inc. 9,336 46
* FreightCar America Inc. 16,584 44
*,1 Workhorse Group Inc. 100,038 41
*,1 INNOVATE Corp. 25,298 41
  Frequency Electronics Inc. 5,508 38
* SKYX Platforms Corp. 27,010 38
*,1 Wrap Technologies Inc. 24,753 37

    Shares Market
Value
($000)
* LightPath Technologies Inc. Class A 25,635 37
* Skillsoft Corp. 40,845 36
* Redwire Corp. 11,752 34
* RCM Technologies Inc. 1,578 31
* StarTek Inc. 8,991 29
* Usio Inc. 16,474 29
* Innovative Solutions & Support Inc. 3,690 28
* Hydrofarm Holdings Group Inc. 23,262 28
* Orion Energy Systems Inc. 20,324 26
* Byrna Technologies Inc. 11,420 26
* RF Industries Ltd. 8,155 25
* BM Technologies Inc. 12,201 24
* Izea Worldwide Inc. 10,892 24
* ClearSign Technologies Corp. 20,576 22
* AEye Inc. 63,833 13
*,1 View Inc. 1,586 12
* Xos Inc. 30,722 11
* Mega Matrix Corp. 12,430 11
* Biotricity Inc. 4,383 9
*,1 Astra Space Inc. 4,370 8
* Sarcos Technology & Robotics Corp. 8,758 7
* AgEagle Aerial Systems Inc. 23,558 4
* Nuvve Holding Corp. 10,269 3
* Momentus Inc. 165
      3,576,003
Other (0.0%)3
*,2 Lubys Inc. 14,037 11
*,2 Omthera Pharmaceuticals Inc. CVR 31,662 8
*,2 Strongbridge Biopharm CVR 45,385 8
*,2 Alexza Pharmaceuticals Inc. CVR 80,591 3
*,2 Aduro Biotech Inc. CVR 11,427 2
*,2 Adamas Pharmaceuticals Inc. CVR 2024 30,505 2
*,2 Adamas Pharmaceuticals Inc. CVR 2025 30,505 2
*,2 miRagen Therapeutics Inc. CVR 67,673 1
*,2 SRAX Inc. 7,380 1
*,2 Surface Oncology Inc. CVR 15,512 1
*,2 Spirit MTA REIT 58,489
*,1,2 Gemini Therapeutics Inc. CVR 33,435
*,1,2 Next Bridge Hydrocarbons Inc. 49,663
*,2 Sesen Bio Inc. CVR 143,290
*,2 Magenta Therapeutics Inc. CVR 33,990
      39
Real Estate (2.9%)
  Prologis Inc. 615,778 69,096
  American Tower Corp. 310,730 51,100
  Equinix Inc. 62,316 45,258
  Welltower Inc. 345,705 28,320
  Public Storage 105,239 27,733
  Crown Castle Inc. 289,246 26,619
  Digital Realty Trust Inc. 201,880 24,432
  Realty Income Corp. 470,604 23,502
  Simon Property Group Inc. 207,420 22,408
* CoStar Group Inc. 272,742 20,971
  VICI Properties Inc. 673,433 19,597
  Extra Space Storage Inc. 141,042 17,148
  AvalonBay Communities Inc. 94,531 16,235
  Weyerhaeuser Co. 487,194 14,937

    Shares Market
Value
($000)
  SBA Communications Corp. 72,502 14,513
* CBRE Group Inc. Class A 195,373 14,430
  Equity Residential 239,491 14,061
  Invitation Homes Inc. 407,688 12,920
  Alexandria Real Estate Equities Inc. 115,358 11,547
  Iron Mountain Inc. 193,192 11,485
  Ventas Inc. 267,818 11,283
  Mid-America Apartment Communities Inc. 77,995 10,034
  Sun Communities Inc. 82,915 9,812
  Essex Property Trust Inc. 42,975 9,115
  UDR Inc. 218,004 7,776
  WP Carey Inc. 141,529 7,654
  Gaming and Leisure Properties Inc. 167,650 7,636
  Host Hotels & Resorts Inc. 471,406 7,575
  Regency Centers Corp. 122,594 7,287
  Kimco Realty Corp. 413,841 7,279
  Equity LifeStyle Properties Inc. 111,378 7,096
  American Homes 4 Rent Class A 204,886 6,903
  Camden Property Trust 71,689 6,780
  Healthpeak Properties Inc. 361,473 6,637
  Rexford Industrial Realty Inc. 126,502 6,243
  CubeSmart 149,332 5,694
  Boston Properties Inc. 94,523 5,622
  Americold Realty Trust Inc. 181,238 5,511
  Omega Healthcare Investors Inc. 162,397 5,385
  EastGroup Properties Inc. 30,662 5,106
  Federal Realty Investment Trust 54,321 4,923
  Lamar Advertising Co. Class A 57,741 4,820
* Zillow Group Inc. Class C 98,248 4,535
* Jones Lang LaSalle Inc. 31,496 4,447
  NNN REIT Inc. 122,596 4,333
  First Industrial Realty Trust Inc. 88,673 4,220
  Brixmor Property Group Inc. 198,669 4,128
  STAG Industrial Inc. 118,985 4,106
  Healthcare Realty Trust Inc. 253,147 3,866
  Agree Realty Corp. 65,363 3,611
  Terreno Realty Corp. 56,845 3,229
  Ryman Hospitality Properties Inc. 38,653 3,219
  Kite Realty Group Trust 149,837 3,210
  Spirit Realty Capital Inc. 94,539 3,170
  Apartment Income REIT Corp. 98,749 3,032
  Rayonier Inc. 99,680 2,837
  Phillips Edison & Co. Inc. 78,936 2,648
  Vornado Realty Trust 112,572 2,553
  Kilroy Realty Corp. 78,565 2,483
  PotlatchDeltic Corp. 53,841 2,444
  Sabra Health Care REIT Inc. 157,343 2,193
  Medical Properties Trust Inc. 398,046 2,169
  Essential Properties Realty Trust Inc. 99,484 2,152
  Independence Realty Trust Inc. 152,257 2,142
  Apple Hospitality REIT Inc. 138,893 2,131
  Cousins Properties Inc. 103,539 2,109
  EPR Properties 50,349 2,091
  DigitalBridge Group Inc. 112,757 1,982
  Physicians Realty Trust 160,997 1,963
  COPT Defense Properties 76,474 1,822
  Broadstone Net Lease Inc. 126,505 1,809
  LXP Industrial Trust 194,551 1,731

    Shares Market
Value
($000)
  National Storage Affiliates Trust 52,920 1,680
  Park Hotels & Resorts Inc. 131,786 1,624
  SL Green Realty Corp. 43,267 1,614
* Howard Hughes Holdings Inc. 21,528 1,596
  Macerich Co. 143,276 1,563
  Hannon Armstrong Sustainable Infrastructure Capital Inc. 71,965 1,526
  Tanger Factory Outlet Centers Inc. 66,603 1,505
  Highwoods Properties Inc. 70,620 1,455
  St. Joe Co. 26,305 1,429
  Innovative Industrial Properties Inc. 18,774 1,420
  SITE Centers Corp. 115,121 1,419
  CareTrust REIT Inc. 66,620 1,366
  Douglas Emmett Inc. 105,159 1,342
  Sunstone Hotel Investors Inc. 143,054 1,338
  National Health Investors Inc. 25,946 1,333
* Zillow Group Inc. Class A 28,811 1,290
  Four Corners Property Trust Inc. 57,747 1,281
  Equity Commonwealth 65,610 1,205
  Global Net Lease Inc. 121,810 1,171
  Urban Edge Properties 75,493 1,152
  DiamondRock Hospitality Co. 139,017 1,116
  Pebblebrook Hotel Trust 79,516 1,081
  JBG SMITH Properties 73,721 1,066
  Retail Opportunity Investments Corp. 85,850 1,063
  Kennedy-Wilson Holdings Inc. 71,937 1,060
  RLJ Lodging Trust 105,452 1,032
  InvenTrust Properties Corp. 42,190 1,005
  Outfront Media Inc. 98,791 998
* Cushman & Wakefield plc 123,391 940
  Acadia Realty Trust 64,636 928
  Veris Residential Inc. 55,856 922
* Opendoor Technologies Inc. 342,130 903
  LTC Properties Inc. 28,025 900
  Service Properties Trust 115,936 892
  Xenia Hotels & Resorts Inc. 75,029 884
  Getty Realty Corp. 31,219 866
1 eXp World Holdings Inc. 53,058 862
  Alexander & Baldwin Inc. 47,282 791
  Elme Communities 57,599 786
  Uniti Group Inc. 154,821 731
  Empire State Realty Trust Inc. Class A 90,486 727
  Easterly Government Properties Inc. 60,381 690
  RPT Realty 64,843 685
* Apartment Investment and Management Co. Class A 100,573 684
  NETSTREIT Corp. 43,117 672
* Compass Inc. Class A 227,161 659
  Plymouth Industrial REIT Inc. 30,148 632
  Hudson Pacific Properties Inc. 93,473 622
  Safehold Inc. 34,689 617
  American Assets Trust Inc. 31,414 611
* GEO Group Inc. 74,543 610
  UMH Properties Inc. 42,695 599
  Paramount Group Inc. 126,393 584
  Newmark Group Inc. Class A 86,020 553
  Centerspace 8,471 510
  Marcus & Millichap Inc. 17,332 509
  Brandywine Realty Trust 108,457 492
  NexPoint Residential Trust Inc. 14,507 467

    Shares Market
Value
($000)
* Redfin Corp. 66,169 466
  Armada Hoffler Properties Inc. 42,862 439
* Anywhere Real Estate Inc. 66,892 430
  Piedmont Office Realty Trust Inc. Class A 71,959 404
  Summit Hotel Properties Inc. 68,662 398
  Peakstone Realty Trust REIT 23,506 391
  Universal Health Realty Income Trust 9,401 380
  Global Medical REIT Inc. 42,151 378
  Ares Commercial Real Estate Corp. 39,478 376
  Community Healthcare Trust Inc. 12,472 370
1 Farmland Partners Inc. 32,368 332
  Chatham Lodging Trust 33,089 317
  Whitestone REIT 32,634 314
  Saul Centers Inc. 8,496 300
  Gladstone Commercial Corp. 24,306 296
* Forestar Group Inc. 10,867 293
  RMR Group Inc. Class A 10,594 260
* Tejon Ranch Co. 15,750 255
  Diversified Healthcare Trust 130,647 253
  Alexander's Inc. 1,287 235
  Gladstone Land Corp. 16,168 230
  Hersha Hospitality Trust Class A 23,243 229
  CBL & Associates Properties Inc. 10,526 221
  Orion Office REIT Inc. 37,533 196
* FRP Holdings Inc. 3,443 186
  CTO Realty Growth Inc. 11,379 184
* Seritage Growth Properties Class A 23,441 181
  Bridge Investment Group Holdings Inc. Class A 18,625 171
  One Liberty Properties Inc. 8,824 167
  Postal Realty Trust Inc. Class A 12,021 162
* Stratus Properties Inc. 5,338 146
  BRT Apartments Corp. 7,749 134
  Industrial Logistics Properties Trust 43,462 126
  Office Properties Income Trust 30,586 125
  Braemar Hotels & Resorts Inc. 44,461 123
  Franklin Street Properties Corp. 62,401 115
* Maui Land & Pineapple Co. Inc. 7,827 104
  Douglas Elliman Inc. 45,623 103
* Star Holdings 8,255 103
  Modiv Industrial Inc. 6,088 102
  Alpine Income Property Trust Inc. 6,005 98
  City Office REIT Inc. 21,923 93
  RE/MAX Holdings Inc. Class A 6,897 89
  Clipper Realty Inc. 14,188 73
* Offerpad Solutions Inc. 5,864 57
  Creative Media & Community Trust Corp. 13,505 55
* Ashford Hospitality Trust Inc. 20,163 48
  Global Self Storage Inc. 8,627 42
* Sotherly Hotels Inc. 18,957 32
* Bluerock Homes Trust Inc. 2,283 29
* Altisource Portfolio Solutions SA 7,037 28
* Rafael Holdings Inc. Class B 13,424 25
* Fathom Holdings Inc. 5,453 22
*,1 WeWork Inc. Class A 4,851 15
*,1 American Strategic Investment Co. 925 8
      797,615
Technology (29.6%)
  Apple Inc. 9,894,928 1,694,111

    Shares Market
Value
($000)
  Microsoft Corp. 4,949,896 1,562,930
  NVIDIA Corp. 1,563,350 680,042
* Alphabet Inc. Class A 3,950,496 516,962
* Meta Platforms Inc. Class A 1,480,873 444,573
* Alphabet Inc. Class C 3,287,666 433,479
  Broadcom Inc. 274,910 228,335
* Adobe Inc. 303,721 154,867
* Salesforce Inc. 616,521 125,018
  Oracle Corp. 1,085,142 114,938
* Advanced Micro Devices Inc. 1,076,811 110,718
  Intel Corp. 2,790,827 99,214
  Texas Instruments Inc. 604,132 96,063
  Intuit Inc. 177,295 90,587
  International Business Machines Corp. 606,197 85,049
  QUALCOMM Inc. 743,384 82,560
  Applied Materials Inc. 557,122 77,134
* ServiceNow Inc. 135,936 75,983
  Analog Devices Inc. 331,825 58,099
  Lam Research Corp. 88,269 55,324
  Micron Technology Inc. 730,204 49,676
* Palo Alto Networks Inc. 203,893 47,801
* Synopsys Inc. 101,361 46,522
* Cadence Design Systems Inc. 181,229 42,462
  KLA Corp. 91,060 41,766
  Roper Technologies Inc. 70,984 34,376
  Amphenol Corp. Class A 397,372 33,375
  Marvell Technology Inc. 573,966 31,069
* Workday Inc. Class A 138,212 29,695
* Autodesk Inc. 142,517 29,488
  Microchip Technology Inc. 362,771 28,314
* Snowflake Inc. Class A 184,900 28,247
* ON Semiconductor Corp. 287,845 26,755
* VMware Inc. Class A 157,678 26,250
* Fortinet Inc. 445,280 26,129
  TE Connectivity Ltd. 209,206 25,843
* Crowdstrike Holdings Inc. Class A 141,514 23,687
  Cognizant Technology Solutions Corp. Class A 336,054 22,764
* Palantir Technologies Inc. Class A 1,298,888 20,782
* Atlassian Corp. Ltd. Class A 102,405 20,636
  CDW Corp. 89,002 17,957
* ANSYS Inc. 57,957 17,245
* Gartner Inc. 49,827 17,121
* Splunk Inc. 112,703 16,483
* Datadog Inc. Class A 180,004 16,397
* HubSpot Inc. 31,769 15,646
  Corning Inc. 513,376 15,643
* DoorDash Inc. Class A 195,744 15,556
* MongoDB Inc. 44,809 15,498
  HP Inc. 593,371 15,250
  Hewlett Packard Enterprise Co. 866,082 15,044
  Monolithic Power Systems Inc. 30,379 14,035
* VeriSign Inc. 58,394 11,827
* Cloudflare Inc. Class A 186,009 11,726
* PTC Inc. 78,736 11,155
  Dell Technologies Inc. Class C 159,297 10,976
* Tyler Technologies Inc. 28,149 10,869
* Akamai Technologies Inc. 101,528 10,817
* Zoom Video Communications Inc. Class A 153,427 10,731

    Shares Market
Value
($000)
  NetApp Inc. 140,997 10,699
  Skyworks Solutions Inc. 106,164 10,467
  Jabil Inc. 82,303 10,443
* Pinterest Inc. Class A 385,515 10,420
  Teradyne Inc. 103,015 10,349
* EPAM Systems Inc. 38,776 9,915
* Western Digital Corp. 213,683 9,750
  Entegris Inc. 100,636 9,451
* Zscaler Inc. 58,076 9,036
  Paycom Software Inc. 33,945 8,801
  Seagate Technology Holdings plc 130,996 8,639
  Leidos Holdings Inc. 92,076 8,486
  Vertiv Holdings Co. 227,834 8,475
* Okta Inc. 103,954 8,473
* Manhattan Associates Inc. 41,257 8,155
* Super Micro Computer Inc. 29,485 8,085
* Lattice Semiconductor Corp. 92,380 7,938
  Bentley Systems Inc. Class B 150,936 7,571
  SS&C Technologies Holdings Inc. 140,890 7,402
* Dynatrace Inc. 157,035 7,338
* Match Group Inc. 186,705 7,314
* GoDaddy Inc. Class A 97,381 7,253
* Pure Storage Inc. Class A 194,623 6,932
* Ceridian HCM Holding Inc. 99,842 6,774
* Twilio Inc. Class A 114,450 6,699
  Gen Digital Inc. (XNGS) 365,421 6,461
* F5 Inc. 39,331 6,338
* Qorvo Inc. 64,745 6,181
* Snap Inc. Class A 691,643 6,163
* DocuSign Inc. 133,615 5,612
* Unity Software Inc. 177,069 5,558
* Nutanix Inc. Class A 156,077 5,444
  National Instruments Corp. 88,470 5,275
  KBR Inc. 89,420 5,270
* AppLovin Corp. Class A 127,502 5,095
* Guidewire Software Inc. 55,078 4,957
* Toast Inc. Class A 257,385 4,821
* CACI International Inc. Class A 15,103 4,741
  Universal Display Corp. 29,733 4,668
* Arrow Electronics Inc. 37,241 4,664
* Dropbox Inc. Class A 166,860 4,544
* Elastic NV 52,734 4,284
* Onto Innovation Inc. 32,441 4,137
* SPS Commerce Inc. 24,151 4,120
* UiPath Inc. Class A 236,640 4,049
* Rambus Inc. 71,693 4,000
* Fabrinet 23,709 3,950
* Aspen Technology Inc. 19,305 3,943
* ZoomInfo Technologies Inc. 237,941 3,902
  Science Applications International Corp. 35,834 3,782
* Procore Technologies Inc. 55,992 3,657
* Confluent Inc. Class A 118,798 3,518
* Axcelis Technologies Inc. 21,358 3,482
* Qualys Inc. 22,763 3,473
* Tenable Holdings Inc. 77,458 3,470
* Smartsheet Inc. Class A 85,525 3,460
* Novanta Inc. 23,647 3,392
* Insight Enterprises Inc. 23,238 3,381

    Shares Market
Value
($000)
* Workiva Inc. 32,311 3,274
* Coherent Corp. 99,126 3,236
* Wolfspeed Inc. 82,769 3,154
  Dolby Laboratories Inc. Class A 39,738 3,150
* New Relic Inc. 36,597 3,133
  TD SYNNEX Corp. 30,765 3,072
* Five9 Inc. 47,088 3,028
* Teradata Corp. 66,357 2,987
  Power Integrations Inc. 38,571 2,943
* MACOM Technology Solutions Holdings Inc. 35,550 2,900
  Avnet Inc. 59,848 2,884
* DXC Technology Co. 136,359 2,840
* Cirrus Logic Inc. 37,129 2,746
  Advanced Energy Industries Inc. 25,788 2,659
* Blackbaud Inc. 36,097 2,538
* SentinelOne Inc. Class A 150,363 2,535
* IAC Inc. 49,793 2,509
* Gitlab Inc. Class A 54,113 2,447
* Silicon Laboratories Inc. 20,651 2,393
* Freshworks Inc. Class A 119,292 2,376
* Samsara Inc. Class A 94,224 2,375
* Kyndryl Holdings Inc. 156,132 2,358
* Appfolio Inc. Class A 12,834 2,344
* NCR Corp. 86,484 2,333
  Concentrix Corp. 28,841 2,310
* Synaptics Inc. 25,821 2,309
* Diodes Inc. 28,652 2,259
* MicroStrategy Inc. Class A 6,784 2,227
* Box Inc. Class A 91,385 2,212
* Altair Engineering Inc. Class A 34,921 2,185
* DoubleVerify Holdings Inc. 77,877 2,177
* Varonis Systems Inc. 67,324 2,056
  Vishay Intertechnology Inc. 81,773 2,021
* IPG Photonics Corp. 19,471 1,977
* Blackline Inc. 35,487 1,968
* Alarm.com Holdings Inc. 31,916 1,951
* Sanmina Corp. 35,694 1,937
* CommVault Systems Inc. 28,624 1,935
* Ziff Davis Inc. 29,718 1,893
  Dun & Bradstreet Holdings Inc. 184,883 1,847
* FormFactor Inc. 51,949 1,815
* Yelp Inc. 42,954 1,786
*,1 C3.ai Inc. Class A 68,034 1,736
* CCC Intelligent Solutions Holdings Inc. 129,135 1,724
* Rapid7 Inc. 37,225 1,704
* Plexus Corp. 18,256 1,697
* Rogers Corp. 12,594 1,656
  Amkor Technology Inc. 73,120 1,653
* IonQ Inc. 109,083 1,623
* RingCentral Inc. Class A 53,197 1,576
*,1 Braze Inc. Class A 32,383 1,513
  Progress Software Corp. 28,503 1,499
* Allegro MicroSystems Inc. 45,943 1,467
* Alteryx Inc. Class A 38,600 1,455
* Sprout Social Inc. Class A 29,171 1,455
* Fastly Inc. Class A 75,779 1,453
* Parsons Corp. 26,564 1,444
* HashiCorp Inc. Class A 61,931 1,414

    Shares Market
Value
($000)
* nCino Inc. 44,236 1,407
* Envestnet Inc. 31,535 1,389
* Sitime Corp. 11,537 1,318
* Perficient Inc. 22,648 1,310
* Ambarella Inc. 24,447 1,296
* NetScout Systems Inc. 45,742 1,282
* Appian Corp. Class A 27,677 1,262
* JFrog Ltd. 49,739 1,261
* PagerDuty Inc. 55,199 1,241
* LiveRamp Holdings Inc. 42,777 1,234
* Q2 Holdings Inc. 37,927 1,224
  Pegasystems Inc. 27,210 1,181
* Schrodinger Inc. 40,485 1,145
  Clear Secure Inc. Class A 59,318 1,129
* Credo Technology Group Holding Ltd. 73,858 1,126
* Cargurus Inc. 64,165 1,124
* Semtech Corp. 43,375 1,117
* ePlus Inc. 17,460 1,109
  Xerox Holdings Corp. 70,641 1,108
* MaxLinear Inc. 48,538 1,080
* Cohu Inc. 30,757 1,059
  CSG Systems International Inc. 20,117 1,028
* PROS Holdings Inc. 29,631 1,026
* Squarespace Inc. Class A 34,791 1,008
* Asana Inc. Class A 54,357 995
* Bumble Inc. Class A 65,847 982
* Veeco Instruments Inc. 34,501 970
* DigitalOcean Holdings Inc. 39,927 959
* Verint Systems Inc. 41,439 953
* Paycor HCM Inc. 41,050 937
* Sprinklr Inc. Class A 66,058 914
* Veradigm Inc. 68,077 895
* Ultra Clean Holdings Inc. 30,059 892
  CTS Corp. 21,171 884
* Agilysys Inc. 13,340 883
* Upwork Inc. 77,008 875
* Jamf Holding Corp. 49,062 866
* TTM Technologies Inc. 65,275 841
* Aehr Test Systems 17,471 798
* Impinj Inc. 14,101 776
* Photronics Inc. 38,305 774
* Zuora Inc. Class A 93,185 768
* Zeta Global Holdings Corp. Class A 89,273 745
* SMART Global Holdings Inc. 30,423 741
  Adeia Inc. 66,422 709
* Vertex Inc. Class A 30,012 693
  A10 Networks Inc. 45,556 685
* PDF Solutions Inc. 20,937 678
* Magnite Inc. 89,502 675
* PAR Technology Corp. 17,488 674
* E2open Parent Holdings Inc. 145,740 662
* Everbridge Inc. 29,490 661
* Ichor Holdings Ltd. 19,830 614
  Shutterstock Inc. 15,968 608
* ACM Research Inc. Class A 32,247 584
* Model N Inc. 23,355 570
* AvePoint Inc. 84,821 570
  Benchmark Electronics Inc. 23,157 562

    Shares Market
Value
($000)
* Avid Technology Inc. 20,859 561
* N-Able Inc. 42,736 551
* ScanSource Inc. 18,137 550
* Intapp Inc. 16,140 541
* EngageSmart Inc. 29,511 531
* Navitas Semiconductor Corp. 76,214 530
* TechTarget Inc. 17,409 529
* Cerence Inc. 25,730 524
  Methode Electronics Inc. 22,898 523
* Eventbrite Inc. Class A 51,607 509
* indie Semiconductor Inc. Class A 80,655 508
* Informatica Inc. Class A 23,804 502
  Simulations Plus Inc. 11,396 475
* Kimball Electronics Inc. 17,220 472
*,1 Xometry Inc. Class A 27,157 461
* Amplitude Inc. Class A 39,823 461
* Olo Inc. Class A 75,881 460
*,1 Klaviyo Inc. Class A 12,704 438
* Yext Inc. 69,021 437
* Alpha & Omega Semiconductor Ltd. 14,574 435
*,1 Getty Images Holdings Inc. 65,822 427
* Alkami Technology Inc. 23,211 423
* Matterport Inc. 189,863 412
* Grid Dynamics Holdings Inc. 33,392 407
* 3D Systems Corp. 82,041 403
  Hackett Group Inc. 16,910 399
* BigCommerce Holdings Inc. Series 1 40,078 396
* Digital Turbine Inc. 63,745 386
* Cleanspark Inc. 96,563 368
* SolarWinds Corp. 39,005 368
  PC Connection Inc. 6,834 365
* Digimarc Corp. 11,148 362
* PubMatic Inc. Class A 28,783 348
* Planet Labs PBC 127,335 331
* Vimeo Inc. 90,615 321
* SmartRent Inc. 122,927 321
* Mitek Systems Inc. 29,293 314
* nLight Inc. 28,567 297
* Consensus Cloud Solutions Inc. 11,299 285
* Couchbase Inc. 16,504 283
* CEVA Inc. 14,137 274
  NVE Corp. 3,259 268
* Thoughtworks Holding Inc. 65,268 266
* Daktronics Inc. 29,724 265
* OneSpan Inc. 24,049 259
* Definitive Healthcare Corp. 32,037 256
  American Software Inc. Class A 21,893 251
* Applied Digital Corp. 40,294 251
*,1 MicroVision Inc. 114,050 250
*,1 Rumble Inc. 47,289 241
* SEMrush Holdings Inc. Class A 27,777 236
* NerdWallet Inc. Class A 25,256 225
*,1 SoundHound AI Inc. Class A 106,346 214
*,1 Blend Labs Inc. Class A 152,098 208
* Weave Communications Inc. 23,557 192
* Domo Inc. Class B 19,163 188
* Enfusion Inc. Class A 19,848 178
  Ebix Inc. 17,532 173

    Shares Market
Value
($000)
* LivePerson Inc. 44,180 172
* MeridianLink Inc. 9,936 170
* Bandwidth Inc. Class A 14,853 167
* Red Violet Inc. 8,230 165
*,1 Groupon Inc. 10,751 165
* Unisys Corp. 44,617 154
  ON24 Inc. 23,181 147
* FiscalNote Holdings Inc. 70,169 146
* Innodata Inc. 16,482 141
* Computer Task Group Inc. 13,414 139
* NextNav Inc. 27,071 139
* Nextdoor Holdings Inc. 75,268 137
* Tucows Inc. Class A 6,570 134
* TrueCar Inc. 62,905 130
* Asure Software Inc. 12,707 120
  Immersion Corp. 18,110 120
* Identiv Inc. 13,996 118
* Mediaalpha Inc. Class A 13,989 116
* Arteris Inc. 17,864 116
* Rackspace Technology Inc. 48,958 115
* EverCommerce Inc. 10,789 108
1 Park City Group Inc. 12,115 106
*,1 Ouster Inc. 20,981 106
* Terawulf Inc. 83,119 105
* QuickLogic Corp. 11,891 102
* SkyWater Technology Inc. 16,892 102
* eMagin Corp. 50,679 101
* inTEST Corp. 6,184 94
* Expensify Inc. Class A 28,100 91
* Upland Software Inc. 19,213 89
*,1 Atomera Inc. 14,264 89
* Backblaze Inc. Class A 16,181 89
* BigBear.ai Holdings Inc. 57,803 87
* Brightcove Inc. 25,456 84
* Astronova Inc. 6,757 84
* Everspin Technologies Inc. 8,435 83
* Vroom Inc. 74,354 83
* Telos Corp. 33,040 79
* eGain Corp. 12,737 78
* EverQuote Inc. Class A 10,735 78
* Rimini Street Inc. 35,452 78
* CoreCard Corp. 3,812 76
* Edgio Inc. 88,134 75
* Innovid Corp. 58,925 75
* ZeroFox Holdings Inc. 84,034 74
* AXT Inc. 28,066 67
* Kopin Corp. 54,575 67
  Richardson Electronics Ltd. 6,173 67
*,1 Cipher Mining Inc. 28,357 66
* Quantum Corp. 98,136 60
* Aeva Technologies Inc. 76,978 59
* Intevac Inc. 18,754 58
* Issuer Direct Corp. 2,964 56
* WM Technology Inc. 41,877 55
* Transphorm Inc. 24,701 55
* Rigetti Computing Inc. 38,252 51
* CVD Equipment Corp. 7,295 50
* Viant Technology Inc. Class A 8,483 48

    Shares Market
Value
($000)
*,1 Veritone Inc. 18,337 47
* SecureWorks Corp. Class A 7,362 46
* TransAct Technologies Inc. 7,051 45
* Porch Group Inc. 55,645 45
* Amtech Systems Inc. 5,730 44
* GSI Technology Inc. 15,882 43
* Synchronoss Technologies Inc. 43,985 42
* Presto Automation Inc. 29,255 42
*,1 Nutex Health Inc. 203,511 41
* Key Tronic Corp. 8,842 40
* Pixelworks Inc. 32,680 37
* Arena Group Holdings Inc. 8,236 35
* Intellicheck Inc. 14,706 33
* Mastech Digital Inc. 3,641 33
* Data I/O Corp. 8,084 31
* comScore Inc. 41,944 26
* AudioEye Inc. 5,086 25
* Skillz Inc. 4,688 24
* Zedge Inc. Class B 10,242 22
* One Stop Systems Inc. 11,905 22
* BuzzFeed Inc. 58,794 22
*,1 Glimpse Group Inc. 11,947 22
* System1 Inc. 16,725 20
* KULR Technology Group Inc. 52,190 19
*,1 Inuvo Inc. 84,564 18
* NetSol Technologies Inc. 9,164 17
* WidePoint Corp. 10,057 17
* EMCORE Corp. 30,051 14
  VirnetX Holding Corp. 48,198 12
* Boxlight Corp. Class A 5,534 11
* KORE Group Holdings Inc. 15,866 10
* Smith Micro Software Inc. 7,556 9
*,1 Alpine 4 Holdings Inc. 12,716 9
* Streamline Health Solutions Inc. 7,248 7
* Research Frontiers Inc. 5,759 6
* authID Inc. 728 6
*,1 Maplebear Inc. 195 6
      8,267,404
Telecommunications (2.1%)
  Cisco Systems Inc. 2,441,258 131,242
  Comcast Corp. Class A 2,741,112 121,541
  Verizon Communications Inc. 2,521,846 81,733
  AT&T Inc. 4,771,920 71,674
* T-Mobile US Inc. 352,669 49,391
  Motorola Solutions Inc. 110,896 30,190
* Charter Communications Inc. Class A 64,900 28,544
* Arista Networks Inc. 154,935 28,497
* Liberty Broadband Corp. Class C 82,891 7,570
  Juniper Networks Inc. 213,569 5,935
* Roku Inc. 82,124 5,797
* Ciena Corp. 101,095 4,778
  Iridium Communications Inc. 74,747 3,400
* Frontier Communications Parent Inc. 160,294 2,509
* Extreme Networks Inc. 82,080 1,987
* Lumentum Holdings Inc. 42,876 1,937
  Cable One Inc. 2,983 1,836
* Calix Inc. 38,952 1,786
  Cogent Communications Holdings Inc. 27,925 1,729

    Shares Market
Value
($000)
  InterDigital Inc. 18,403 1,477
* Viavi Solutions Inc. 151,996 1,389
* ViaSat Inc. 73,261 1,352
  Telephone and Data Systems Inc. 62,970 1,153
* DISH Network Corp. Class A 168,000 985
* Lumen Technologies Inc. 683,760 971
* Liberty Broadband Corp. Class A 8,405 764
* Harmonic Inc. 73,856 711
* Digi International Inc. 24,294 656
  Shenandoah Telecommunications Co. 30,986 639
* Globalstar Inc. 478,232 627
* fuboTV Inc. 202,175 540
* Gogo Inc. 43,651 521
* Infinera Corp. 124,753 521
* Altice USA Inc. Class A 143,163 468
* CommScope Holding Co. Inc. 136,290 458
* EchoStar Corp. Class A 24,087 403
  Adtran Holdings Inc. 44,499 366
*,1 Lightwave Logic Inc. 81,349 364
* United States Cellular Corp. 7,473 321
* WideOpenWest Inc. 37,199 285
  Bel Fuse Inc. Class B 5,951 284
  ATN International Inc. 8,389 265
* Xperi Inc. 26,568 262
* Aviat Networks Inc. 8,225 257
* Anterix Inc. 7,780 244
* Clearfield Inc. 8,514 244
* NETGEAR Inc. 18,985 239
* 8x8 Inc. 78,246 197
* Applied Optoelectronics Inc. 17,785 195
* IDT Corp. Class B 8,651 191
* Consolidated Communications Holdings Inc. 55,540 190
* Ooma Inc. 14,333 186
*,1 AST SpaceMobile Inc. 47,259 180
  Spok Holdings Inc. 12,210 174
  Comtech Telecommunications Corp. 19,010 166
* Ribbon Communications Inc. 46,419 124
* Kaltura Inc. 57,548 100
* Lantronix Inc. 18,653 83
* KVH Industries Inc. 13,892 71
  PCTEL Inc. 16,184 67
  Bel Fuse Inc. Class A 1,376 65
* Cambium Networks Corp. 7,849 58
* Genasys Inc. 27,518 55
* Powerfleet Inc. 23,451 49
* Airgain Inc. 10,184 37
  Network-1 Technologies Inc. 15,271 36
* Franklin Wireless Corp. 11,013 35
* Charge Enterprises Inc. 66,536 33
* Akoustis Technologies Inc. 37,107 28
* DZS Inc. 12,668 27
* Inseego Corp. 62,650 26
* Casa Systems Inc. 21,249 18
* CalAmp Corp. 20,762 8
* Vislink Technologies Inc. 1,653 6
*,2 GCI Liberty Inc. 82,371
      601,247

    Shares Market
Value
($000)
Utilities (2.7%)
  NextEra Energy Inc. 1,365,887 78,252
  Southern Co. 726,456 47,016
  Duke Energy Corp. 513,834 45,351
  Waste Management Inc. 269,608 41,099
  Sempra 417,970 28,435
* PG&E Corp. 1,626,391 26,234
  American Electric Power Co. Inc. 343,387 25,830
  Exelon Corp. 660,869 24,974
  Dominion Energy Inc. 558,407 24,944
  Constellation Energy Corp. 214,542 23,402
  Waste Connections Inc. (XTSE) 171,767 23,068
  Xcel Energy Inc. 367,622 21,035
  Consolidated Edison Inc. 229,934 19,666
  Republic Services Inc. 136,913 19,511
  Public Service Enterprise Group Inc. 330,292 18,797
  WEC Energy Group Inc. 209,689 16,890
  Edison International 256,233 16,217
  American Water Works Co. Inc. 129,256 16,006
  Eversource Energy 231,832 13,481
  Ameren Corp. 174,739 13,076
  Entergy Corp. 141,312 13,071
  FirstEnergy Corp. 361,615 12,360
  DTE Energy Co. 117,309 11,646
  PPL Corp. 486,598 11,464
  CenterPoint Energy Inc. 419,199 11,255
  Atmos Energy Corp. 98,363 10,420
  CMS Energy Corp. 193,961 10,301
  Alliant Energy Corp. 170,054 8,239
  Vistra Corp. 243,145 8,068
  Evergy Inc. 152,639 7,739
  NiSource Inc. 274,578 6,777
  AES Corp. 443,803 6,746
  NRG Energy Inc. 153,020 5,894
  Pinnacle West Capital Corp. 74,648 5,500
  Essential Utilities Inc. 159,858 5,488
* Clean Harbors Inc. 32,519 5,442
  OGE Energy Corp. 132,969 4,432
  UGI Corp. 142,058 3,267
  IDACORP Inc. 34,010 3,185
  National Fuel Gas Co. 61,023 3,168
* Casella Waste Systems Inc. Class A 38,741 2,956
* Stericycle Inc. 61,897 2,767
  Southwest Gas Holdings Inc. 44,681 2,699
  Portland General Electric Co. 65,808 2,664
  PNM Resources Inc. 57,442 2,562
  New Jersey Resources Corp. 62,994 2,559
  ONE Gas Inc. 37,233 2,542
  Ormat Technologies Inc. (XNYS) 34,277 2,397
  Black Hills Corp. 45,071 2,280
  ALLETE Inc. 39,496 2,085
  American States Water Co. 25,186 1,982
  Northwestern Energy Group Inc. 40,449 1,944
  Spire Inc. 33,936 1,920
  California Water Service Group 37,450 1,772
  MGE Energy Inc. 25,249 1,730
  Avista Corp. 52,483 1,699
* Sunrun Inc. 134,251 1,686

    Shares Market
Value
($000)
  Avangrid Inc. 52,523 1,585
  SJW Group 19,725 1,186
  Chesapeake Utilities Corp. 11,361 1,111
  Clearway Energy Inc. Class C 46,500 984
1 Hawaiian Electric Industries Inc. 71,311 878
  Middlesex Water Co. 12,265 813
  Northwest Natural Holding Co. 21,106 805
  Clearway Energy Inc. Class A 36,775 733
*,1 Sunnova Energy International Inc. 66,404 695
* Heritage-Crystal Clean Inc. 12,511 567
  Unitil Corp. 11,221 479
* Enviri Corp. 56,173 406
  York Water Co. 8,757 328
  Excelerate Energy Inc. Class A 14,432 246
* Altus Power Inc. 44,129 232
  Artesian Resources Corp. Class A 5,284 222
  Genie Energy Ltd. Class B 14,713 217
* Vertex Energy Inc. 46,411 207
  Aris Water Solution Inc. Class A 15,958 159
*,1 NuScale Power Corp. 30,475 149
* Pure Cycle Corp. 15,027 144
* Cadiz Inc. 37,685 125
* Quest Resource Holding Corp. 15,848 117
* Aqua Metals Inc. 93,458 106
  RGC Resources Inc. 5,695 99
* Perma-Fix Environmental Services Inc. 9,152 96
  Global Water Resources Inc. 8,514 83
* Advanced Emissions Solutions Inc. 16,504 29
  Via Renewables Inc. 1,933 14
      748,805
Total Common Stocks (Cost $11,163,501) 27,786,515
Warrants (0.0%)
* Geron Corp. Exp. 12/31/25 73,748 30
* Hycroft Mining Holding Corp. Exp. 10/6/25 20,000 1
Total Warrants (Cost $0) 31
Preferred Stock (0.0%)
  Air T Funding Preference Shares 8.000%, 6/7/49
(Cost $3)
135 3

    Shares Market
Value
($000)
Temporary Cash Investments (0.5%)
Money Market Fund (0.5%)
4,5 Vanguard Market Liquidity Fund, 5.391% (Cost $126,715) 1,267,445 126,732
Total Investments (100.1%) (Cost $11,290,219) 27,913,281
Other Assets and Liabilities—Net (-0.1%) (15,553)
Net Assets (100%) 27,897,728
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 $29,533,000.
2 Security value determined using significant unobservable inputs.
3 “Other” represents securities that are not classified by the fund’s benchmark index.
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 $33,585,000 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 December 2023 15 1,349 (55)
E-mini S&P 500 Index December 2023 493 106,624 (3,938)
E-mini S&P Mid-Cap 400 Index December 2023 30 7,561 (243)
        (4,236)
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. 
B. 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).
C.  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 September 30, 2023, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 27,786,320 195 27,786,515
Preferred Stock 3 3
Warrants 1 30 31
Temporary Cash Investments 126,732 126,732
Total 27,913,056 30 195 27,913,281
Derivative Financial Instruments
Liabilities        
Futures Contracts1 4,236 4,236
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.