Investor: Andreas Halvorsen
Number of Assets: 91
Reporting Period: Q1 - 2025
Holdings at Report: $112,598,727,513
Return Since Report: -$75,786,375,147
Return Since Report: -67.31%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| The Allstate Corp. (ALL) | Equity | -12.07% | 1,703,403 | 0.31% | $207.07 | $221.17 | $352,723,659 | $376,741,642 | +$24,017,983 | +6.81% |
| American Tower Corp. (AMT) | Equity | -6.52% | 838,796 | 0.16% | $217.60 | $176.05 | $182,522,010 | $147,670,036 | -$34,851,974 | -19.09% |
| Autodesk Inc. (ADSK) | Equity | -59.75% | 304,494 | 0.07% | $261.80 | $193.82 | $79,716,529 | $59,017,027 | -$20,699,502 | -25.97% |
| Biontech Se (BNTX) | Equity | -6.47% | 879,972 | 0.07% | $91.06 | $90.89 | $80,130,250 | $79,980,655 | -$149,595 | -0.19% |
| Bridgebio Pharma Inc. (BBIO) | Equity | -12.20% | 22,055,375 | 0.68% | $34.57 | $66.27 | $762,454,314 | $1,461,609,701 | +$699,155,387 | +91.70% |
| Carnival Corp. & PLC (CCL) | Equity | +100% | 12,408,817 | 0.22% | $19.53 | $30.87 | $242,344,196 | $383,060,181 | +$140,715,985 | +58.06% |
| Chipotle Mexican Grill Inc. (CMG) | Equity | +100% | 6,006,556 | 26.78% | $5,021.00 | $32.49 | $30,158,917,700 | $195,153,004 | -$29,963,764,696 | -99.35% |
| D.R. Horton Inc. (DHI) | Equity | +100% | 1,357,054 | 0.15% | $127.13 | $157.81 | $172,522,275 | $214,156,692 | +$41,634,417 | +24.13% |
| Equitable Holdings Inc. (EQH) | Equity | +329.08% | 3,279,559 | 0.15% | $52.09 | $45.29 | $170,832,228 | $148,531,227 | -$22,301,001 | -13.05% |
| Flutter Entertainment PLC (FLUT) | Equity | +36.68% | 2,554,206 | 0.50% | $221.55 | $101.83 | $565,884,339 | $260,094,797 | -$305,789,542 | -54.04% |
| General Motors Company (GM) | Equity | +178.61% | 7,188,824 | 0.30% | $47.03 | $79.29 | $338,090,393 | $570,001,855 | +$231,911,462 | +68.59% |
| Ginkgo Bioworks Holdings Inc. (DNA) | Equity | 0% | 3,577,128 | 0.02% | $5.70 | $9.17 | $20,389,630 | $32,802,264 | +$12,412,634 | +60.88% |
| Integer Holdings Corp. (ITGR) | Equity | +1.87% | 1,177,273 | 0.12% | $118.01 | $90.96 | $138,929,987 | $107,084,752 | -$31,845,235 | -22.92% |
| M&T Bank Corp. (MTB) | Equity | +100% | 746,309 | 0.12% | $178.75 | $225.12 | $133,402,734 | $168,009,082 | +$34,606,348 | +25.94% |
| Metlife Inc. (MET) | Equity | -98.60% | 84,312 | 0.01% | $80.29 | $85.58 | $6,769,410 | $7,215,421 | +$446,011 | +6.59% |
| Metsera INC | Equity | +100% | 1,616,612 | 0.04% | $27.22 | $0.00 | $44,004,179 | $0 | -$44,004,179 | -100% |
| Netflix Inc. (NFLX) | Equity | +49.20% | 749,431 | 0.62% | $932.53 | $77.38 | $698,866,890 | $57,990,971 | -$640,875,919 | -91.70% |
| Nvidia Corp. (NVDA) | Equity | +222.01% | 6,543,107 | 0.63% | $108.38 | $210.69 | $709,141,937 | $1,378,567,214 | +$669,425,277 | +94.40% |
| Primo Brands Corp. (PRMB) | Equity | +100% | 5,023,527 | 0.16% | $35.49 | $24.27 | $178,284,973 | $121,921,000 | -$56,363,973 | -31.61% |
| Regal Rexnord Corp. (RRX) | Equity | +214.90% | 2,728,983 | 0.28% | $113.85 | $226.78 | $310,694,715 | $618,878,765 | +$308,184,050 | +99.19% |
| Ross Stores Inc. (ROST) | Equity | +153.16% | 4,321,269 | 0.49% | $127.79 | $232.80 | $552,214,966 | $1,005,991,423 | +$453,776,457 | +82.17% |
| The Charles Schwab Corp. (SCHW) | Equity | +20.86% | 17,716,717 | 1.23% | $78.28 | $91.70 | $1,386,864,607 | $1,624,622,949 | +$237,758,342 | +17.14% |
| Skechers U.S.A. Inc. (SKX) | Equity | +60.18% | 5,800,882 | 0.29% | $56.78 | $63.13 | $329,374,080 | $366,209,681 | +$36,835,601 | +11.18% |
| Synopsys Inc. (SNPS) | Equity | -2.41% | 703,912 | 0.27% | $428.85 | $455.51 | $301,872,661 | $320,638,955 | +$18,766,294 | +6.22% |
| Tesla Inc. (TSLA) | Equity | +100% | 350,084 | 0.08% | $259.16 | $400.49 | $90,727,769 | $140,205,141 | +$49,477,372 | +54.53% |
| Twilio Inc. (TWLO) | Equity | -69.52% | 255,514 | 0.02% | $97.91 | $186.17 | $25,017,376 | $47,569,041 | +$22,551,665 | +90.14% |
| Amazon.com Inc. (AMZN) | Equity | +4.12% | 2,721,710 | 45.99% | $19,026.00 | $244.39 | $51,783,254,500 | $665,158,707 | -$51,118,095,793 | -98.72% |
| API Group Corp. (APG) | Equity | 0% | 21,537,518 | 0.68% | $35.76 | $42.54 | $770,181,644 | $916,206,016 | +$146,024,372 | +18.96% |
| Bank Of America Corp. (BAC) | Equity | +30.28% | 32,199,070 | 1.19% | $41.73 | $56.20 | $1,343,667,191 | $1,809,587,734 | +$465,920,543 | +34.68% |
| The Boeing Company (BA) | Equity | +8.61% | 3,231,232 | 0.49% | $170.55 | $222.72 | $551,086,618 | $719,659,991 | +$168,573,373 | +30.59% |
| Camden Property Trust (CPT) | Equity | -17.06% | 2,788,789 | 0.30% | $122.30 | $108.99 | $341,068,895 | $303,950,113 | -$37,118,782 | -10.88% |
| Carvana Co. (CVNA) | Equity | +192.34% | 2,553,861 | 0.47% | $209.08 | $66.56 | $533,961,258 | $169,984,988 | -$363,976,270 | -68.17% |
| Chubb Limited (CB) | Equity | +100% | 1,949,065 | 0.52% | $301.99 | $323.40 | $588,598,139 | $630,327,621 | +$41,729,482 | +7.09% |
| Danaher Corp. (DHR) | Equity | +100% | 451,521 | 0.08% | $205.00 | $177.17 | $92,561,805 | $79,995,976 | -$12,565,829 | -13.58% |
| Deutsche Bank Aktiengesellschaft (DBK.DE) | Equity | +100% | 15,106,082 | 0.32% | $23.59 | $31.12 | $356,412,385 | $470,101,272 | +$113,688,887 | +31.90% |
| Ferrari N.V. (RACE) | Equity | +100% | 135,397 | 0.05% | $424.09 | $362.13 | $57,419,953 | $49,031,316 | -$8,388,637 | -14.61% |
| Fortive Corp. (FTV) | Equity | -1.84% | 12,950,122 | 0.84% | $73.18 | $61.03 | $947,689,928 | $790,345,946 | -$157,343,982 | -16.60% |
| HCA Healthcare Inc. (HCA) | Equity | +6.41% | 1,181,360 | 0.36% | $345.55 | $375.17 | $408,218,948 | $443,210,831 | +$34,991,883 | +8.57% |
| Intercontinental Exchange Inc. (ICE) | Equity | +15.64% | 3,200,409 | 0.49% | $172.50 | $133.88 | $552,070,553 | $428,470,757 | -$123,599,796 | -22.39% |
| Lennar Corp. (LEN) | Equity | +100% | 1,351,526 | 0.14% | $114.78 | $89.73 | $155,128,154 | $121,272,428 | -$33,855,726 | -21.82% |
| LI Auto Inc. (LI) | Equity | -97.91% | 96,031 | 0.00% | $25.20 | N/A | $2,419,981 | N/A | N/A | N/A |
| Meta Platforms Inc. (META) | Equity | +100% | 1,466,311 | 0.75% | $576.36 | $577.22 | $845,123,008 | $846,384,035 | +$1,261,027 | +0.15% |
| Monster Beverage Corp. (MNST) | Equity | -64.56% | 2,857,800 | 0.15% | $58.52 | $91.34 | $167,238,456 | $261,031,452 | +$93,792,996 | +56.08% |
| Nike Inc. (NKE) | Equity | +100% | 5,546,625 | 0.31% | $63.48 | $45.20 | $352,099,755 | $250,707,450 | -$101,392,305 | -28.80% |
| Philip Morris International Inc. (PM) | Equity | -36.84% | 3,213,460 | 0.45% | $158.73 | $178.40 | $510,072,506 | $573,281,264 | +$63,208,758 | +12.39% |
| Qualcomm Inc. (QCOM) | Equity | +343.70% | 1,432,337 | 0.20% | $153.61 | $226.11 | $220,021,287 | $323,865,719 | +$103,844,432 | +47.20% |
| Rallybio Corp. (RLYB) | Equity | 0% | 4,194,777 | 0.00% | $0.65 | $15.97 | $2,745,482 | $66,990,589 | +$64,245,107 | +2340.03% |
| Roivant Sciences Ltd. (ROIV) | Equity | -3.76% | 46,013,752 | 0.41% | $10.09 | $31.43 | $464,278,758 | $1,446,212,225 | +$981,933,467 | +211.50% |
| Sailpoint Inc. (SAIL) | Equity | +100% | 1,010,307 | 0.02% | $18.75 | $13.33 | $18,943,256 | $13,467,392 | -$5,475,864 | -28.91% |
| The Sherwin-Williams Company (SHW) | Equity | +57.31% | 972,230 | 0.30% | $349.19 | $320.79 | $339,492,994 | $311,881,662 | -$27,611,332 | -8.13% |
| Sionna Therapeutics Inc. (SION) | Equity | +100% | 2,952,754 | 0.03% | $10.46 | $37.30 | $30,885,807 | $110,137,724 | +$79,251,917 | +256.60% |
| Standard Biotools Inc. (LAB) | Equity | 0% | 58,651,170 | 0.06% | $1.08 | $0.83 | $63,343,264 | $48,680,471 | -$14,662,793 | -23.15% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +19.55% | 4,889,247 | 0.72% | $166.00 | $462.12 | $811,615,002 | $2,259,418,824 | +$1,447,803,822 | +178.39% |
| Transunion (TRU) | Equity | -67.39% | 1,336,984 | 0.10% | $82.99 | $64.60 | $110,956,302 | $86,369,166 | -$24,587,136 | -22.16% |
| Travere Therapeutics Inc. (TVTX) | Equity | -10.34% | 2,601,922 | 0.04% | $17.92 | $55.15 | $46,626,442 | $143,495,998 | +$96,869,556 | +207.76% |
| Trevi Therapeutics Inc. (TRVI) | Equity | -26.64% | 3,227,792 | 0.02% | $6.29 | $17.21 | $20,302,812 | $55,550,300 | +$35,247,488 | +173.61% |
| Visa Inc. (V) | Equity | -39.20% | 2,125,091 | 0.66% | $350.46 | $327.24 | $744,759,392 | $695,414,779 | -$49,344,613 | -6.63% |
| Acuren Corp (TIC) | Equity | +100% | 34,360,000 | 0.34% | $11.12 | $8.42 | $382,083,200 | $289,311,200 | -$92,772,000 | -24.28% |
| Adaptive Biotechnologies Corp. (ADPT) | Equity | 0% | 29,993,708 | 0.20% | $7.43 | $17.53 | $222,853,250 | $525,789,701 | +$302,936,451 | +135.94% |
| Amer Sports Inc. (AS) | Equity | +100% | 2,354,335 | 0.06% | $26.73 | $36.83 | $62,931,375 | $86,710,158 | +$23,778,783 | +37.79% |
| Applovin Corp. (APP) | Equity | -7.97% | 137,093 | 0.03% | $264.97 | $469.71 | $36,325,532 | $64,393,953 | +$28,068,421 | +77.27% |
| Biomarin Pharmaceutical Inc. (BMRN) | Equity | +2.75% | 10,800,059 | 0.68% | $70.69 | $54.69 | $763,456,171 | $590,655,227 | -$172,800,944 | -22.63% |
| Boston Scientific Corp. (BSX) | Equity | +9.42% | 2,376,764 | 0.21% | $100.88 | $45.29 | $239,767,952 | $107,643,642 | -$132,124,310 | -55.11% |
| Capital One Financial Corp. (COF) | Equity | +100% | 4,591,100 | 0.73% | $179.30 | $201.53 | $823,184,230 | $925,244,383 | +$102,060,153 | +12.40% |
| Cencora Inc. (COR) | Equity | +100% | 1,067,819 | 0.26% | $278.09 | $271.83 | $296,949,786 | $290,265,239 | -$6,684,547 | -2.25% |
| Csx Corp. (CSX) | Equity | +16.33% | 17,068,769 | 0.45% | $29.43 | $45.63 | $502,333,872 | $778,847,929 | +$276,514,057 | +55.05% |
| Doordash Inc. (DASH) | Equity | -62.46% | 1,858,037 | 0.30% | $182.77 | $173.46 | $339,593,422 | $322,295,098 | -$17,298,324 | -5.09% |
| Edgewise Therapeutics Inc. (EWTX) | Equity | -60.00% | 490,035 | 0.01% | $22.00 | N/A | $10,780,770 | N/A | N/A | N/A |
| First Solar Inc. (FSLR) | Equity | +100% | 1,411,131 | 0.16% | $126.43 | $257.70 | $178,409,292 | $363,648,459 | +$185,239,167 | +103.83% |
| Arthur J. Gallagher & Co. (AJG) | Equity | +100% | 666,552 | 0.20% | $345.24 | $214.06 | $230,120,412 | $142,682,121 | -$87,438,291 | -38.00% |
| Immunovant Inc. (IMVT) | Equity | -20.78% | 1,114,827 | 0.02% | $17.09 | $35.34 | $19,052,393 | $39,397,986 | +$20,345,593 | +106.79% |
| Inhibrx Biosciences Inc. (INBX) | Equity | 0% | 1,787,705 | 0.02% | $13.99 | $93.05 | $25,009,993 | $166,345,950 | +$141,335,957 | +565.12% |
| Intuit Inc. (INTU) | Equity | -0.73% | 1,706,420 | 0.93% | $613.99 | $267.00 | $1,047,724,816 | $455,614,140 | -$592,110,676 | -56.51% |
| JP Morgan Chase & Co. (JPM) | Equity | -70.91% | 2,171,648 | 0.47% | $245.30 | $325.22 | $532,705,254 | $706,263,363 | +$173,558,109 | +32.58% |
| Mcdonald'S Corp. (MCD) | Equity | +100% | 1,150,434 | 0.32% | $312.37 | $278.61 | $359,361,069 | $320,522,417 | -$38,838,652 | -10.81% |
| Microsoft Corp. (MSFT) | Equity | -71.39% | 683,918 | 0.23% | $375.39 | $379.40 | $256,735,978 | $259,478,489 | +$2,742,511 | +1.07% |
| Mid-America Apartment Communities Inc. (MAA) | Equity | +100% | 1,120,651 | 0.17% | $167.58 | $132.50 | $187,798,695 | $148,486,258 | -$39,312,437 | -20.93% |
| Newamsterdam Pharma Company N.V. (NAMS) | Equity | 0% | 6,978,534 | 0.13% | $20.47 | $29.83 | $142,850,591 | $208,169,669 | +$65,319,078 | +45.73% |
| Oric Pharmaceuticals Inc. (ORIC) | Equity | +48.33% | 6,572,700 | 0.03% | $5.58 | $8.49 | $36,675,666 | $55,802,223 | +$19,126,557 | +52.15% |
| Pepgen Inc. (PEPG) | Equity | 0% | 1,482,434 | 0.00% | $1.41 | $1.79 | $2,082,820 | $2,653,557 | +$570,737 | +27.40% |
| Pharvaris N.V. (PHVS) | Equity | 0% | 3,653,310 | 0.05% | $15.70 | $32.80 | $57,356,967 | $119,828,568 | +$62,471,601 | +108.92% |
| The Progressive Corp. (PGR) | Equity | -50.85% | 1,068,406 | 0.27% | $283.01 | $204.87 | $302,369,582 | $218,884,337 | -$83,485,245 | -27.61% |
| Regeneron Pharmaceuticals Inc. (REGN) | Equity | +100% | 97,739 | 0.06% | $634.23 | $609.94 | $61,989,006 | $59,614,926 | -$2,374,080 | -3.83% |
| Royalty Pharma PLC (RPRX) | Equity | -13.47% | 10,563,939 | 0.29% | $31.13 | $52.96 | $328,855,421 | $559,466,209 | +$230,610,788 | +70.13% |
| Ryan Specialty Holdings Inc. (RYAN) | Equity | +100% | 955,889 | 0.06% | $73.87 | $52.14 | $70,611,520 | $49,840,052 | -$20,771,468 | -29.42% |
| Sea Limited (SE) | Equity | +100% | 4,160,096 | 0.48% | $130.49 | $91.28 | $542,850,927 | $379,733,563 | -$163,117,364 | -30.05% |
| Spotify Technology S.A. (SPOT) | Equity | -87.54% | 192,877 | 0.09% | $550.03 | $468.08 | $106,088,136 | $90,281,866 | -$15,806,270 | -14.90% |
| T-Mobile Us Inc. (TMUS) | Equity | +156.53% | 1,565,894 | 0.37% | $266.71 | $181.67 | $417,639,589 | $284,475,963 | -$133,163,626 | -31.88% |
| Teva Pharmaceutical Industries Limited (TEVA) | Equity | +55.69% | 10,125,478 | 0.14% | $15.37 | $31.48 | $155,628,597 | $318,750,047 | +$163,121,450 | +104.81% |
| UnitedHealth Group Inc. (UNH) | Equity | +12.49% | 2,137,806 | 0.99% | $523.75 | $400.96 | $1,119,675,893 | $857,174,694 | -$262,501,199 | -23.44% |
| U.S. Bancorp. (USB) | Equity | +42.60% | 34,863,502 | 1.31% | $42.22 | $58.14 | $1,471,937,054 | $2,026,964,006 | +$555,026,952 | +37.71% |