Investor: Andreas Halvorsen
Number of Assets: 91
Reported Holdings: $31,475,977,035
Reporting Period: Q1 - 2025
Return Since Report: +$2,300,722,103
Return Since Report: +7.31%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Acuren corp | Equity | +100% | 34,360,000 | 1.21% | $11.12 | $0.00 | $382,083,200 | $0 | -$382,083,200 | -100% |
| Chubb Limited (CB) | Equity | +100% | 1,949,065 | 1.87% | $301.99 | $296.41 | $588,598,139 | $577,722,357 | -$10,875,782 | -1.85% |
| Csx Corp. (CSX) | Equity | +16.33% | 17,068,769 | 1.60% | $29.43 | $31.86 | $502,333,872 | $543,810,980 | +$41,477,108 | +8.26% |
| D.R. Horton Inc. (DHI) | Equity | +100% | 1,357,054 | 0.55% | $127.13 | $118.35 | $172,522,275 | $160,607,341 | -$11,914,934 | -6.91% |
| Danaher Corp. (DHR) | Equity | +100% | 451,521 | 0.29% | $205.00 | $192.06 | $92,561,805 | $86,719,123 | -$5,842,682 | -6.31% |
| Edgewise Therapeutics Inc. (EWTX) | Equity | -60.00% | 490,035 | 0.03% | $22.00 | $14.84 | $10,780,770 | $7,272,119 | -$3,508,651 | -32.55% |
| Equitable Holdings Inc. (EQH) | Equity | +329.08% | 3,279,559 | 0.54% | $52.09 | $53.61 | $170,832,228 | $175,817,158 | +$4,984,930 | +2.92% |
| Ferrari N.V. (RACE) | Equity | +100% | 135,397 | 0.18% | $424.09 | $475.74 | $57,419,953 | $64,413,769 | +$6,993,816 | +12.18% |
| First Solar Inc. (FSLR) | Equity | +100% | 1,411,131 | 0.57% | $126.43 | $159.37 | $178,409,292 | $224,891,947 | +$46,482,655 | +26.05% |
| Flutter Entertainment PLC (FLUT) | Equity | +36.68% | 2,554,206 | 1.80% | $221.55 | $246.57 | $565,884,339 | $629,790,573 | +$63,906,234 | +11.29% |
| Fortive Corp. (FTV) | Equity | -1.84% | 12,950,122 | 3.01% | $73.18 | $72.14 | $947,689,928 | $934,221,801 | -$13,468,127 | -1.42% |
| Arthur J. Gallagher & Co. (AJG) | Equity | +100% | 666,552 | 0.73% | $345.24 | $345.25 | $230,120,412 | $230,127,078 | +$6,666 | +0.00% |
| General Motors Company (GM) | Equity | +178.61% | 7,188,824 | 1.07% | $47.03 | $49.06 | $338,090,393 | $352,683,705 | +$14,593,312 | +4.32% |
| Inhibrx Biosciences Inc. (INBX) | Equity | 0% | 1,787,705 | 0.08% | $13.99 | $13.53 | $25,009,993 | $24,187,649 | -$822,344 | -3.29% |
| Integer Holdings Corp. (ITGR) | Equity | +1.87% | 1,177,273 | 0.44% | $118.01 | $119.85 | $138,929,987 | $141,096,169 | +$2,166,182 | +1.56% |
| Intercontinental Exchange Inc. (ICE) | Equity | +15.64% | 3,200,409 | 1.75% | $172.50 | $179.34 | $552,070,553 | $573,961,350 | +$21,890,797 | +3.97% |
| Intuit Inc. (INTU) | Equity | -0.73% | 1,706,420 | 3.33% | $613.99 | $764.66 | $1,047,724,816 | $1,304,831,117 | +$257,106,301 | +24.54% |
| JP Morgan Chase & Co. (JPM) | Equity | -70.91% | 2,171,648 | 1.69% | $245.30 | $266.27 | $532,705,254 | $578,244,713 | +$45,539,459 | +8.55% |
| Lennar Corp. (LEN) | Equity | +100% | 1,351,526 | 0.49% | $114.78 | $106.65 | $155,128,154 | $144,140,248 | -$10,987,906 | -7.08% |
| Metsera INC | Equity | +100% | 1,616,612 | 0.14% | $27.22 | $0.00 | $44,004,179 | $0 | -$44,004,179 | -100% |
| Microsoft Corp. (MSFT) | Equity | -71.39% | 683,918 | 0.82% | $375.39 | $462.97 | $256,735,978 | $316,633,516 | +$59,897,538 | +23.33% |
| Pepgen Inc. (PEPG) | Equity | 0% | 1,482,434 | 0.01% | $1.41 | $1.53 | $2,082,820 | $2,268,124 | +$185,304 | +8.90% |
| Rallybio Corp. (RLYB) | Equity | 0% | 4,194,777 | 0.01% | $0.65 | $0.29 | $2,745,482 | $1,233,264 | -$1,512,218 | -55.08% |
| Regal Rexnord Corp. (RRX) | Equity | +214.90% | 2,728,983 | 0.99% | $113.85 | $136.03 | $310,694,715 | $371,223,557 | +$60,528,842 | +19.48% |
| Regeneron Pharmaceuticals Inc. (REGN) | Equity | +100% | 97,739 | 0.20% | $634.23 | $487.86 | $61,989,006 | $47,682,949 | -$14,306,057 | -23.08% |
| Roivant Sciences Ltd. (ROIV) | Equity | -3.76% | 46,013,752 | 1.48% | $10.09 | $11.25 | $464,278,758 | $517,424,641 | +$53,145,883 | +11.45% |
| Ross Stores Inc. (ROST) | Equity | +153.16% | 4,321,269 | 1.75% | $127.79 | $144.03 | $552,214,966 | $622,392,374 | +$70,177,408 | +12.71% |
| Royalty Pharma PLC (RPRX) | Equity | -13.47% | 10,563,939 | 1.04% | $31.13 | $33.29 | $328,855,421 | $351,673,529 | +$22,818,108 | +6.94% |
| Sionna Therapeutics Inc. (SION) | Equity | +100% | 2,952,754 | 0.10% | $10.46 | $14.48 | $30,885,807 | $42,755,878 | +$11,870,071 | +38.43% |
| Skechers U.S.A. Inc. (SKX) | Equity | +60.18% | 5,800,882 | 1.05% | $56.78 | $62.00 | $329,374,080 | $359,654,684 | +$30,280,604 | +9.19% |
| Spotify Technology S.A. (SPOT) | Equity | -87.54% | 192,877 | 0.34% | $550.03 | $671.07 | $106,088,136 | $129,433,968 | +$23,345,832 | +22.01% |
| Standard Biotools Inc. (LAB) | Equity | 0% | 58,651,170 | 0.20% | $1.08 | $1.07 | $63,343,264 | $62,756,752 | -$586,512 | -0.93% |
| Synopsys Inc. (SNPS) | Equity | -2.41% | 703,912 | 0.96% | $428.85 | $466.26 | $301,872,661 | $328,206,009 | +$26,333,348 | +8.72% |
| T-Mobile Us Inc. (TMUS) | Equity | +156.53% | 1,565,894 | 1.33% | $266.71 | $243.88 | $417,639,589 | $381,890,229 | -$35,749,360 | -8.56% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +19.55% | 4,889,247 | 2.58% | $166.00 | $197.61 | $811,615,002 | $966,164,100 | +$154,549,098 | +19.04% |
| Tesla Inc. (TSLA) | Equity | +100% | 350,084 | 0.29% | $259.16 | $344.27 | $90,727,769 | $120,523,419 | +$29,795,650 | +32.84% |
| Teva Pharmaceutical Industries Limited (TEVA) | Equity | +55.69% | 10,125,478 | 0.49% | $15.37 | $17.19 | $155,628,597 | $174,056,967 | +$18,428,370 | +11.84% |
| Transunion (TRU) | Equity | -67.39% | 1,336,984 | 0.35% | $82.99 | $85.20 | $110,956,302 | $113,911,037 | +$2,954,735 | +2.66% |
| Trevi Therapeutics Inc. (TRVI) | Equity | -26.64% | 3,227,792 | 0.06% | $6.29 | $5.95 | $20,302,812 | $19,205,362 | -$1,097,450 | -5.41% |
| Twilio Inc. (TWLO) | Equity | -69.52% | 255,514 | 0.08% | $97.91 | $117.48 | $25,017,376 | $30,017,785 | +$5,000,409 | +19.99% |
| UnitedHealth Group Inc. (UNH) | Equity | +12.49% | 2,137,806 | 3.56% | $523.75 | $301.22 | $1,119,675,893 | $643,949,923 | -$475,725,970 | -42.49% |
| Adaptive Biotechnologies Corp. (ADPT) | Equity | 0% | 29,993,708 | 0.71% | $7.43 | $9.94 | $222,853,250 | $298,137,458 | +$75,284,208 | +33.78% |
| The Allstate Corp. (ALL) | Equity | -12.07% | 1,703,403 | 1.12% | $207.07 | $211.26 | $352,723,659 | $359,860,918 | +$7,137,259 | +2.02% |
| Amazon.com Inc. (AMZN) | Equity | +4.12% | 2,721,710 | 1.65% | $190.26 | $205.71 | $517,832,545 | $559,882,964 | +$42,050,419 | +8.12% |
| Amer Sports Inc. (AS) | Equity | +100% | 2,354,335 | 0.20% | $26.73 | $37.46 | $62,931,375 | $88,193,389 | +$25,262,014 | +40.14% |
| American Tower Corp. (AMT) | Equity | -6.52% | 838,796 | 0.58% | $217.60 | $213.39 | $182,522,010 | $178,990,678 | -$3,531,332 | -1.93% |
| Api Group Corp. (APG) | Equity | 0% | 21,537,518 | 2.45% | $35.76 | $47.57 | $770,181,644 | $1,024,539,731 | +$254,358,087 | +33.03% |
| Applovin Corp. (APP) | Equity | -7.97% | 137,093 | 0.12% | $264.97 | $398.51 | $36,325,532 | $54,632,931 | +$18,307,399 | +50.40% |
| Autodesk Inc. (ADSK) | Equity | -59.75% | 304,494 | 0.25% | $261.80 | $299.52 | $79,716,529 | $91,202,043 | +$11,485,514 | +14.41% |
| Bank Of America Corp. (BAC) | Equity | +30.28% | 32,199,070 | 4.27% | $41.73 | $44.65 | $1,343,667,191 | $1,437,688,476 | +$94,021,285 | +7.00% |
| Biomarin Pharmaceutical Inc. (BMRN) | Equity | +2.75% | 10,800,059 | 2.43% | $70.69 | $56.79 | $763,456,171 | $613,335,351 | -$150,120,820 | -19.66% |
| Biontech Se (BNTX) | Equity | -6.47% | 879,972 | 0.25% | $91.06 | $115.64 | $80,130,250 | $101,759,962 | +$21,629,712 | +26.99% |
| The Boeing Company (BA) | Equity | +8.61% | 3,231,232 | 1.75% | $170.55 | $213.43 | $551,086,618 | $689,641,846 | +$138,555,228 | +25.14% |
| Boston Scientific Corp. (BSX) | Equity | +9.42% | 2,376,764 | 0.76% | $100.88 | $103.10 | $239,767,952 | $245,044,368 | +$5,276,416 | +2.20% |
| Bridgebio Pharma Inc. (BBIO) | Equity | -12.20% | 22,055,375 | 2.42% | $34.57 | $37.52 | $762,454,314 | $827,517,670 | +$65,063,356 | +8.53% |
| Camden Property Trust (CPT) | Equity | -17.06% | 2,788,789 | 1.08% | $122.30 | $117.70 | $341,068,895 | $328,240,465 | -$12,828,430 | -3.76% |
| Capital One Financial Corp. (COF) | Equity | +100% | 4,591,100 | 2.62% | $179.30 | $195.63 | $823,184,230 | $898,156,893 | +$74,972,663 | +9.11% |
| Carnival Corp. & PLC (CCL) | Equity | +100% | 12,408,817 | 0.77% | $19.53 | $23.93 | $242,344,196 | $296,942,991 | +$54,598,795 | +22.53% |
| Carvana Co. (CVNA) | Equity | +192.34% | 2,553,861 | 1.70% | $209.08 | $340.12 | $533,961,258 | $868,619,203 | +$334,657,945 | +62.67% |
| Cencora Inc. (COR) | Equity | +100% | 1,067,819 | 0.94% | $278.09 | $291.55 | $296,949,786 | $311,322,629 | +$14,372,843 | +4.84% |
| Chipotle Mexican Grill Inc. (CMG) | Equity | +100% | 6,006,556 | 0.96% | $50.21 | $50.07 | $301,589,177 | $300,748,259 | -$840,918 | -0.28% |
| Deutsche Bank Aktiengesellschaft (DBK.DE) | Equity | +100% | 15,106,082 | 1.13% | $23.59 | $24.45 | $356,412,385 | $369,268,174 | +$12,855,789 | +3.61% |
| Doordash Inc. (DASH) | Equity | -62.46% | 1,858,037 | 1.08% | $182.77 | $213.70 | $339,593,422 | $397,062,507 | +$57,469,085 | +16.92% |
| Ginkgo Bioworks Holdings Inc. (DNA) | Equity | 0% | 3,577,128 | 0.06% | $5.70 | $7.48 | $20,389,630 | $26,756,917 | +$6,367,287 | +31.23% |
| HCA Healthcare Inc. (HCA) | Equity | +6.41% | 1,181,360 | 1.30% | $345.55 | $383.06 | $408,218,948 | $452,531,762 | +$44,312,814 | +10.86% |
| Immunovant Inc. (IMVT) | Equity | -20.78% | 1,114,827 | 0.06% | $17.09 | $15.44 | $19,052,393 | $17,212,929 | -$1,839,464 | -9.65% |
| LI Auto Inc. (LI) | Equity | -97.91% | 96,031 | 0.01% | $25.20 | $29.51 | $2,419,981 | $2,833,875 | +$413,894 | +17.10% |
| M&T Bank Corp. (MTB) | Equity | +100% | 746,309 | 0.42% | $178.75 | $182.61 | $133,402,734 | $136,283,486 | +$2,880,752 | +2.16% |
| Mcdonald'S Corp. (MCD) | Equity | +100% | 1,150,434 | 1.14% | $312.37 | $312.39 | $359,361,069 | $359,384,077 | +$23,008 | +0.01% |
| Meta Platforms Inc. (META) | Equity | +100% | 1,466,311 | 2.68% | $576.36 | $666.85 | $845,123,008 | $977,809,490 | +$132,686,482 | +15.70% |
| Metlife Inc. (MET) | Equity | -98.60% | 84,312 | 0.02% | $80.29 | $79.32 | $6,769,410 | $6,687,628 | -$81,782 | -1.21% |
| Mid-America Apartment Communities Inc. (MAA) | Equity | +100% | 1,120,651 | 0.60% | $167.58 | $152.42 | $187,798,695 | $170,809,625 | -$16,989,070 | -9.05% |
| Monster Beverage Corp. (MNST) | Equity | -64.56% | 2,857,800 | 0.53% | $58.52 | $63.99 | $167,238,456 | $182,870,622 | +$15,632,166 | +9.35% |
| Netflix Inc. (NFLX) | Equity | +49.20% | 749,431 | 2.22% | $932.53 | $1,217.94 | $698,866,890 | $912,761,992 | +$213,895,102 | +30.61% |
| Newamsterdam Pharma Company N.V. (NAMS) | Equity | 0% | 6,978,534 | 0.45% | $20.47 | $18.69 | $142,850,591 | $130,428,800 | -$12,421,791 | -8.70% |
| Nike Inc. (NKE) | Equity | +100% | 5,546,625 | 1.12% | $63.48 | $62.37 | $352,099,755 | $345,943,001 | -$6,156,754 | -1.75% |
| Nvidia Corp. (NVDA) | Equity | +222.01% | 6,543,107 | 2.25% | $108.38 | $141.22 | $709,141,937 | $924,017,571 | +$214,875,634 | +30.30% |
| Oric Pharmaceuticals Inc. (ORIC) | Equity | +48.33% | 6,572,700 | 0.12% | $5.58 | $8.40 | $36,675,666 | $55,210,680 | +$18,535,014 | +50.54% |
| Pharvaris N.V. (PHVS) | Equity | 0% | 3,653,310 | 0.18% | $15.70 | $17.28 | $57,356,967 | $63,129,197 | +$5,772,230 | +10.06% |
| Philip Morris International Inc. (PM) | Equity | -36.84% | 3,213,460 | 1.62% | $158.73 | $182.37 | $510,072,506 | $586,038,700 | +$75,966,194 | +14.89% |
| Primo Brands Corp. (PRMB) | Equity | +100% | 5,023,527 | 0.57% | $35.49 | $31.88 | $178,284,973 | $160,150,041 | -$18,134,932 | -10.17% |
| The Progressive Corp. (PGR) | Equity | -50.85% | 1,068,406 | 0.96% | $283.01 | $287.25 | $302,369,582 | $306,899,624 | +$4,530,041 | +1.50% |
| Qualcomm Inc. (QCOM) | Equity | +343.70% | 1,432,337 | 0.70% | $153.61 | $148.94 | $220,021,287 | $213,332,273 | -$6,689,014 | -3.04% |
| Ryan Specialty Holdings Inc. (RYAN) | Equity | +100% | 955,889 | 0.22% | $73.87 | $71.08 | $70,611,520 | $67,944,590 | -$2,666,930 | -3.78% |
| Sailpoint Inc. (SAIL) | Equity | +100% | 1,010,307 | 0.06% | $18.75 | $17.78 | $18,943,256 | $17,963,258 | -$979,998 | -5.17% |
| The Charles Schwab Corp. (SCHW) | Equity | +20.86% | 17,716,717 | 4.41% | $78.28 | $88.00 | $1,386,864,607 | $1,559,071,096 | +$172,206,489 | +12.42% |
| Sea Limited (SE) | Equity | +100% | 4,160,096 | 1.72% | $130.49 | $165.77 | $542,850,927 | $689,619,114 | +$146,768,187 | +27.04% |
| The Sherwin-Williams Company (SHW) | Equity | +57.31% | 972,230 | 1.08% | $349.19 | $357.76 | $339,492,994 | $347,825,005 | +$8,332,011 | +2.45% |
| Travere Therapeutics Inc. (TVTX) | Equity | -10.34% | 2,601,922 | 0.15% | $17.92 | $15.40 | $46,626,442 | $40,069,599 | -$6,556,843 | -14.06% |
| U.S. Bancorp. (USB) | Equity | +42.60% | 34,863,502 | 4.68% | $42.22 | $44.38 | $1,471,937,054 | $1,547,242,219 | +$75,305,165 | +5.12% |
| Visa Inc. (V) | Equity | -39.20% | 2,125,091 | 2.37% | $350.46 | $365.86 | $744,759,392 | $777,485,793 | +$32,726,401 | +4.39% |