HolderBook

Nicholas Investment Partners, LP

Reported holdings as of Q2 2026, from 31 quarterly filings.

CIK
1389574
Reported value
$1.8B
Positions
204
Top 10 weight
17.9%
Filed
2026-08-14
Days after quarter end
45

Holdings

SecurityTickerValue SharesWeightWeight change Held Change
BWX TECHNOLOGIES INCBWXT$53.0M272,3952.99%-0.88pp12q+4.0%+$2.0M
REVOLUTION MEDICINES INCRVMD$45.8M244,5942.58%+0.75pp9q-6.3%-$3.1M
CALLAWAY GOLF COCALY$36.7M1,954,3782.07%+0.94pp2q+73.6%+$15.6M
MODINE MFG COMOD$29.7M111,2611.67%+0.01pp4q+4.8%+$1.4M
CARPENTER TECHNOLOGY CORPCRS$26.9M43,6531.52%+0.33pp6q+4.5%+$1.2M
LINCOLN EDL SVCS CORPLINC$26.5M531,9351.49%+0.15pp2q+15.8%+$3.6M
NVIDIA CORPORATIONNVDA$25.3M126,6821.43%-0.06pp27q+7.0%+$1.7M
STERLING INFRASTRUCTURE INCSTRL$25.3M30,1201.42%-0.04pp2q-39.4%-$16.4M
AXSOME THERAPEUTICS INCAXSM$24.2M98,9741.36%+0.37pp8q+21.5%+$4.3M
GE VERNOVA INCGEV$24.1M20,5321.36%-0.56pp9q-32.5%-$11.6M
XENON PHARMACEUTICALS INCXENE$23.9M395,8441.35%+0.31pp8q+60.2%+$9.0M
BRIDGEBIO PHARMA INCBBIO$23.2M311,4941.31%-0.30pp8q+4.2%+$937.3K
LATTICE SEMICONDUCTOR CORPLSCC$22.4M146,3181.26%+0.32pp28q+4.0%+$869.9K
KONTOOR BRANDS INCKTB$21.8M261,1171.23%-newNEW
TAIWAN SEMICONDUCTOR MANUFACTSM$21.5M44,9291.21%+0.21pp26q+9.4%+$1.8M
SEAGATE HDD CAYMAN$21.2M1,820,0001.20%+0.49pp8qDEBT
WINTRUST FINL CORPWTFC$20.9M130,3261.18%+0.01pp11q+11.5%+$2.2M
SITIME CORPSITM$20.5M27,5621.16%+0.49pp3q+2.9%+$574.1K
TFI INTERNATIONAL INCTFII$20.3M141,2261.14%+0.09pp5q+5.7%+$1.1M
MIRUM PHARMACEUTICALS INCMIRM$20.2M172,6951.14%+0.26pp8q+31.5%+$4.8M
ENLIVEN THERAPEUTICS INCELVN$19.9M391,5291.12%+0.60pp2q+114.3%+$10.6M
BROADCOM INCAVGO$19.8M52,4051.11%-0.06pp17qHELD
SPHERE ENTERTAINMENT COSPHR$19.8M114,3961.11%+0.19pp4q+5.2%+$976.9K
DIANTHUS THERAPEUTICS INCDNTH$18.2M186,7691.03%+0.71pp2q+264.4%+$13.2M
AMAZON COM INCAMZN$17.9M75,0461.01%-0.05pp29q+6.7%+$1.1M
CYTOKINETICS INCCYTK$17.8M209,0711.00%+0.67pp4q+199.3%+$11.9M
CAMECO CORPCCJ$17.7M173,8991.00%-0.36pp19qHELD
ADVANCED ENERGY INDSAEIS$17.0M45,6770.96%+0.02pp2q+13.2%+$2.0M
TANGER INCSKT$17.0M430,1340.96%-0.05pp13q+5.2%+$841.0K
RUSH STREET INTERACTIVE INCRSI$16.8M564,5440.95%+0.09pp7q+4.0%+$650.9K
MONOLITHIC PWR SYS INCMPWR$16.8M12,1290.94%flat31q+0.8%+$138.2K
KLA CORPKLAC$16.7M55,4920.94%+0.35pp31q+901.8%+$15.1M
POWELL INDS INCPOWL$16.7M58,4440.94%+0.22pp4q+215.6%+$11.4M
ONCE UPON A FARM PBCOFRM$16.1M784,1660.90%+0.66pp2q+271.9%+$11.7M
RHYTHM PHARMACEUTICALS INCRYTM$15.5M139,2700.87%-newNEW
FTAI AVIATION LTDFTAI$15.2M56,3440.86%-0.25pp9q-10.1%-$1.7M
ROIVANT SCIENCES LTDROIV$14.8M419,2800.84%+0.28pp4q+50.6%+$5.0M
EXXON MOBIL CORPXOMXXXX$14.4M105,5000.81%-0.48pp22qHELD
LIFE TIME GROUP HOLDINGS INCLTH$14.2M348,7280.80%-newNEW
PAR PAC HOLDINGS INCPARR$14.1M250,5450.79%-0.34pp5qHELD
MACOM TECH SOLUTIONS HLDGS IMTSI$13.7M36,1270.77%-0.02pp5q-27.1%-$5.1M
WESTERN DIGITAL CORP$13.7M815,0000.77%+0.35pp7qDEBT
SEMTECH CORPSMTC$13.7M84,4780.77%+0.37pp3q+16.8%+$2.0M
BOEING COBAPRA$13.6M200,7500.77%-0.07pp7q+12.0%+$1.5M
NEXTERA ENERGY CAP HLDGS INC$13.5M10,245,0000.76%-0.27pp6qDEBT
GOLDMAN SACHS GROUP INCGS$13.1M13,0000.74%-0.05pp23qHELD
XPO INCXPO$13.1M63,5830.74%-0.16pp13qHELD
HAPPEN INCHAPN$12.9M624,3660.73%+0.45pp4q+134.3%+$7.4M
GUARDANT HEALTH INC$12.4M4,955,0000.70%+0.10pp6qDEBT
MACOM TECH SOLUTIONS HLDGS I$12.4M5,400,0000.70%+0.13pp2qDEBT
MADDEN STEVEN LTDSHOO$12.2M290,4470.69%+0.22pp3q+51.9%+$4.2M
PLANET LABS PBCPL$11.8M355,3660.66%-0.02pp6q+5.2%+$577.9K
ON SEMICONDUCTOR CORP$11.7M6,450,0000.66%+0.06pp5qDEBT
ASTRONICS CORPATRO$11.7M144,1860.66%-newNEW
ONTO INNOVATION INCONTO$11.3M29,9520.64%+0.22pp3q+4.9%+$533.2K
ARGAN INCAGX$11.3M14,1900.64%+0.20pp2q+26.0%+$2.3M
ALPHABET INCGOOG$11.0M31,2020.62%+0.02pp26q+7.8%+$795.0K
SIMON PPTY GROUP INC NEWSPG$11.0M49,2900.62%-0.04pp11qHELD
FLOWSERVE CORPFLS$11.0M148,2070.62%+0.38pp2q+227.0%+$7.6M
LAM RESEARCH CORPLRCX$10.5M24,2950.59%+0.21pp7q-1.0%-$104.9K
YETI HLDGS INCYETI$10.5M211,4220.59%-newNEW
UBER TECHNOLOGIES INC$10.2M8,540,0000.58%+0.05pp7qDEBT
ASCENDIS PHARMA A/SASND$10.2M38,1600.57%-newNEW
BANK OF AMER CORPBAC$10.1M177,3130.57%-0.05pp11qHELD
BRIDGEBIO PHARMA INC$10.1M6,000,0000.57%-0.17pp2qDEBT
CHEFS WHSE INCCHEF$10.0M104,4570.57%+0.18pp2q+14.9%+$1.3M
VIAVI SOLUTIONS INCVIAV$10.0M210,1810.57%+0.12pp3q+12.2%+$1.1M
NOVA LTDNVMI$9.9M18,2490.56%flat8q+2.9%+$276.9K
EVERUS CONSTR GROUPECG$9.7M58,4150.55%-newNEW
LINDBLAD EXPEDITIONS HLDGS ILIND$9.6M339,4990.54%+0.29pp6q+70.8%+$4.0M
CLOUDFLARE INC$9.5M7,500,0000.53%-newDEBT
CONSTRUCTION PARTNERS INCROAD$9.4M79,2920.53%-0.25pp4q-18.3%-$2.1M
CAVA GROUP INCCAVA$9.4M119,8820.53%-newNEW
MARVELL TECHNOLOGY INCMRVL$9.4M31,4350.53%+0.47pp4q+316.3%+$7.1M
WILLIAMS COS INCWMB$9.1M123,0750.52%-0.13pp8qHELD
CENTURY ALUM COCENX$9.1M197,9990.51%-0.73pp3q-32.3%-$4.3M
AFFIRM HLDGS INC$8.9M7,600,0000.50%-0.01pp3qDEBT
FABRINETFN$8.6M15,3240.49%-0.34pp8q-29.8%-$3.6M
ULTRA CLEAN HLDGS INCUCTT$8.6M60,3380.48%+0.33pp2q+73.1%+$3.6M
COHU INCCOHU$8.0M108,4130.45%-newNEW
MICRON TECHNOLOGY INCMU$7.9M6,8610.45%-newNEW
VAXCYTE INCPCVX$7.6M131,1330.43%-newNEW
NEXTPOWER INCNXT$7.6M63,7740.43%-0.10pp2q+5.1%+$368.3K
PALVELLA THERAPEUTICS INC NEPVLA$7.6M49,7180.43%+0.18pp2q+80.1%+$3.4M
RYMAN HOSPITALITY PPTYS INCRHP$7.6M58,9700.43%-newNEW
VICTORIAS SECRET AND COVSXY$7.5M90,4400.43%-newNEW
DELTA AIR LINES INCDAL$7.5M80,3520.42%+0.09pp2q+14.8%+$969.6K
TRANSDIGM GROUP INCTDG$7.5M5,6330.42%+0.08pp14q+38.5%+$2.1M
PIPER SANDLER COMPANIESPIPR$7.5M103,3790.42%-0.12pp2q+5.1%+$365.8K
MOOG INCMOGA$7.3M17,1630.41%-newNEW
MIRUM PHARMACEUTICALS INC$7.2M1,950,0000.41%-0.01pp9qDEBT
TARGET CORPTGT$7.2M55,1540.41%+0.25pp2q+204.3%+$4.8M
MAXLINEAR INCMXL$7.2M55,9610.40%-newNEW
BURLINGTON STORES INC$7.2M4,500,0000.40%+0.05pp8qDEBT
SEACOAST BKG CORP FLASBCF$7.1M215,0150.40%-0.05pp5q+4.9%+$332.6K
RAMBUS INC DELRMBS$7.1M53,3680.40%+0.08pp4q+4.9%+$334.1K
LIBERTY MEDIA CORP DEL$7.0M5,690,0000.40%-0.08pp12qDEBT
APPLIED OPTOELECTRONICS INCAAOI$6.7M45,0600.38%+0.05pp2q-15.0%-$1.2M
CHEVRON CORPORATIONCVX$6.6M40,0000.37%-0.22pp23qHELD
TESLA INCTSLA$6.6M15,6340.37%-0.16pp17q-20.2%-$1.7M
SNOWFLAKE INC$6.5M3,700,0000.37%-0.36pp4qDEBT
JPMORGAN CHASE & COJPM$6.5M19,9670.37%-0.06pp14qHELD
CONOCOPHILLIPSCOP$6.5M62,5000.37%-0.23pp21qHELD
WINNEBAGO INDS INC$6.4M6,900,0000.36%-0.09pp3qDEBT
KYMERA THERAPEUTICS INCKYMR$6.3M54,5690.35%+0.19pp4q+99.5%+$3.1M
ALIBABA GROUP HLDG LTD$6.2M5,220,0000.35%-0.18pp5qDEBT
CARDINAL INFRASTRUCTURE GROUCDNL$6.1M64,6230.34%-newNEW
MP MATERIALS CORPMP$6.1M108,5180.34%-0.02pp2q+5.3%+$306.5K
TJX COS INC NEWTJX$5.9M38,9470.33%-0.12pp16qHELD
UNITY SOFTWARE INCU$5.9M206,2460.33%+0.02pp2q+5.2%+$290.7K
UNITY SOFTWARE INC$5.8M5,125,0000.33%+0.09pp2qDEBT
ASML HLDG NVASML$5.8M2,8940.32%+0.04pp26q-1.8%-$103.5K
COMPASS INCCOMP$5.6M454,2000.32%+0.09pp2q+7.1%+$373.7K
CITIGROUP INCC$5.6M40,0000.32%-0.01pp10qHELD
CADENCE DESIGN SYSTEM INCCDNS$5.6M14,8550.31%flat28q-4.8%-$280.7K
D-WAVE QUANTUM INCQBTS$5.5M230,7110.31%-newNEW
TARGET HOSPITALITY CORPTH$5.5M269,5950.31%-newNEW
SAIA INCSAIA$5.5M12,9990.31%-0.01pp5q+3.1%+$163.8K
CRANE COMPANYCR$5.5M24,5250.31%-0.07pp13q-20.4%-$1.4M
ANHEUSER BUSCH INBEV SA/NVBUD$5.4M65,2790.30%-newNEW
REVOLUTION MEDICINES INC$5.4M4,300,0000.30%-newDEBT
MICROSOFT CORPMSFT$5.3M14,1820.30%-0.35pp31q-41.8%-$3.8M
ALPHABET INC$5.1M102,5000.29%-newNEW
VIRIDIAN THERAPEUTICS INC$5.0M4,700,0000.28%-newDEBT
SANMINA CORPSANM$5.0M19,8020.28%+0.11pp3q+5.1%+$243.2K
DATADOG INC$5.0M3,500,0000.28%-newDEBT
SCHOLAR ROCK HLDG CORPSRRK$5.0M90,3340.28%-0.01pp2q+9.5%+$430.3K
ORMAT TECHNOLOGIES INCORA$4.9M45,2940.28%-0.07pp3q+4.0%+$188.8K
CURTISS WRIGHT CORPCW$4.7M6,2510.27%-0.04pp12q+0.9%+$43.2K
APPLE INCAAPL$4.5M15,5120.25%-0.01pp19q+8.2%+$338.8K
CORE SCIENTIFIC INC NEWCORZ$4.4M173,7010.25%+0.18pp5q+170.3%+$2.8M
PRAXIS PRECISION MEDICINES IPRAX$4.4M13,1130.25%+0.16pp2q+232.1%+$3.1M
UGI CORP NEW$4.3M3,250,0000.24%-0.08pp5qDEBT
HALLIBURTON COHAL$4.3M125,2170.24%-newNEW
ORACLE CORPORCLPRD$4.0M89,6450.23%+0.07pp2q+87.0%+$1.9M
JOBY AVIATION INCJOBY$3.9M440,4500.22%-0.01pp4q+11.8%+$413.6K
AMER SPORTS INCAS$3.9M115,7770.22%+0.13pp5q+193.3%+$2.6M
MICROCHIP TECHNOLOGY INC.MCHPP$3.9M50,8600.22%+0.01pp6qHELD
UNITED THERAPEUTICS CORP DELUTHR$3.9M7,1410.22%-0.09pp4q+0.6%+$24.4K
RIGETTI COMPUTING INCRGTI$3.8M197,6830.22%-newNEW
GRAHAM CORPGHM$3.8M30,7330.21%+0.05pp3q+5.2%+$187.4K
ANNALY CAPITAL MANAGEMENT INNLY$3.7M167,3050.21%+0.05pp8q+56.6%+$1.4M
EXPAND ENERGY CORPORATIONEXE$3.7M41,0000.21%-0.12pp21q-2.9%-$113.3K
ARISTA NETWORKS INCANET$3.7M21,7190.21%flat5q-5.2%-$201.8K
VERTIV HOLDINGS COVRT$3.7M10,9180.21%-0.04pp12q-20.9%-$963.3K
NCL CORP LTD$3.6M3,250,0000.20%-newDEBT
SYNOPSYS INCSNPS$3.4M7,7300.19%-0.05pp28q-8.5%-$322.1K
ROCKET COS INCRKT$3.2M200,0300.18%-0.05pp5q-9.1%-$317.2K
DIGITALOCEAN HLDGS INCDOCN$3.0M18,9970.17%-newNEW
HF SINCLAIR CORPDINO$2.9M42,1500.17%-0.02pp5qHELD
INTERDIGITAL INCIDCC$2.9M10,3000.16%-0.19pp2q-36.6%-$1.7M
VARONIS SYS INCVRNS$2.9M69,0400.16%-newNEW
MARATHON PETE CORPMPC$2.7M10,6000.15%-0.10pp5q-25.9%-$945.0K
INSMED INCINSM$2.7M25,3560.15%-2.00pp9q-86.1%-$16.8M
FORMFACTOR INCFORM$2.7M16,8970.15%-newNEW
ARGENX SEARGX$2.7M2,8980.15%flat8qHELD
ROSS STORES INCROST$2.6M12,0230.14%-0.04pp3qHELD
CIPHER DIGITAL INCCIFR$2.5M103,6020.14%-newNEW
RIOT PLATFORMS INCRIOT$2.5M91,4460.14%-newNEW
HUT 8 CORPHUT$2.4M21,1930.14%-newNEW
HILTON WORLDWIDE HLDGS INCHLT$2.4M7,1840.13%-newNEW
SHARKNINJA INCSN$2.3M15,2980.13%+0.05pp5q+44.9%+$721.5K
ZETA GLOBAL HOLDINGS CORPZETA$2.3M115,7770.13%-newNEW
APPFOLIO INCAPPF$2.3M14,0710.13%-newNEW
OSI SYSTEMS INC$2.0M1,535,0000.12%-0.05pp4qDEBT
INHIBRX BIOSCIENCES INCINBX$2.0M21,4430.11%-newNEW
TERADYNE INCTER$1.9M4,0100.11%-newNEW
HCI GROUP INCHCI$1.9M11,0000.11%-0.01pp5qHELD
TERAWULF INCWULF$1.9M76,4320.11%+0.04pp3q+18.9%+$300.3K
C H ROBINSON WORLDWIDE INCHRW$1.9M9,8930.10%-0.17pp6q-56.3%-$2.4M
RALPH LAUREN CORPRL$1.9M4,6250.10%-0.04pp10q-18.8%-$429.9K
ADVANCED MICRO DEVICES INCAMD$1.8M3,1410.10%+0.06pp3q+21.6%+$323.6K
APPLIED DIGITAL CORPAPLD$1.8M48,8730.10%+0.02pp4q+5.0%+$87.4K
IMMUNOCORE HLDGS PLC$1.7M1,900,0000.10%-0.03pp5qDEBT
ASTERA LABS INCALAB$1.7M3,5200.10%-0.12pp8q-87.0%-$11.4M
META PLATFORMS INCMETA$1.6M2,7980.09%-newNEW
TAPESTRY INCTPR$1.5M9,9190.08%-0.03pp5q-6.4%-$98.8K
OLD DOMINION FREIGHT LINE INODFL$1.4M6,5890.08%-0.01pp31qHELD
ROCKET LAB CORPRKLB$1.4M13,3410.08%-0.72pp5q-92.2%-$16.1M
CLOUDFLARE INCNET$1.3M5,3660.07%-0.15pp12q-64.4%-$2.4M
EVERCORE INCEVR$1.1M3,1380.06%-0.01pp14qHELD
CENTRUS ENERGY CORP$1.1M540,0000.06%-0.02pp3qDEBT
MICROCHIP TECHNOLOGY INC.MCHP$1.1M11,5170.06%-newNEW
ISHARES TRIWO$1.0M2,6250.06%flat3qHELD
DATADOG INCDDOG$1.0M3,8640.06%+0.02pp18q-13.6%-$158.6K
SNOWFLAKE INCSNOW$951.3K3,7380.05%+0.04pp6q+126.8%+$531.9K
NUVALENT INCNUVL$950.3K7,6950.05%-1.13pp12q-95.2%-$18.8M
DARDEN RESTAURANTS INCDRI$923.3K4,4820.05%-0.01pp6q+10.2%+$85.5K
LUMENTUM HLDGS INCLITE$882.9K1,0290.05%-newNEW
TEXAS ROADHOUSE INCTXRH$846.7K4,3820.05%-0.20pp11q-79.0%-$3.2M
SPOTIFY TECHNOLOGY S ASPOT$747.9K1,6290.04%-0.05pp8q-41.1%-$521.1K
NETFLIX INCNFLX$716.9K10,0410.04%-0.03pp6q-7.1%-$54.5K
CONSTELLIUM SECSTM$694.6K21,7940.04%flat2qHELD
SHOPIFY INCSHOP$693.9K6,0770.04%-0.04pp22q-37.2%-$410.7K
KEYSIGHT TECHNOLOGIES INCKEYS$548.9K1,5680.03%-newNEW
JONES LANG LASALLE INCJLL$527.5K1,7020.03%-0.01pp3qHELD
DOORDASH INCDASH$501.7K2,7190.03%-0.01pp5q-19.2%-$119.0K
MERCADOLIBRE INCMELI$468.5K2760.03%-0.03pp11q-35.4%-$256.3K
PENN ENTERTAINMENT INCPENN$332.7K15,5750.02%-newNEW
COHERENT CORPCOHR$310.8K7880.02%-newNEW
NATIONAL FUEL GAS CONFG$275.2K3,5640.02%-0.01pp4qHELD
CREDO TECHNOLOGY GROUP HOLDICRDO$265.7K9770.01%-0.44pp7q-98.5%-$17.9M
BORGWARNER INCBWA$230.8K3,4760.01%-newNEW
BLOOM ENERGY CORPBE$207.0K6840.01%-1.08pp4q-99.4%-$33.6M

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Semiconductors & Electronics 18.0%Biotech & Pharma 15.5%Industrials 8.4%Retail & Consumer 5.3%Banks & Lending 4.5%Transport & Logistics 3.5%Construction & Building 3.5%Autos & Aerospace 3.4%Mining & Metals 3.4%Software & IT Services 3.3%Telecom & Media 2.9%Business Services 2.9%Other sectors 12.0%Not classified 13.4%
 
SectorValueShare
Semiconductors & Electronics$320.0M18.0%
Biotech & Pharma$275.8M15.5%
Industrials$148.8M8.4%
Retail & Consumer$93.5M5.3%
Banks & Lending$80.3M4.5%
Transport & Logistics$62.1M3.5%
Construction & Building$61.8M3.5%
Autos & Aerospace$61.0M3.4%
Mining & Metals$60.5M3.4%
Software & IT Services$58.4M3.3%
Telecom & Media$52.3M2.9%
Business Services$51.0M2.9%
Other sectors$212.7M12.0%
Not classified$237.4M13.4%

Quarter by quarter

QuarterValuePositions NewAddedTrimmed ExitedTop 10 Days to file
Q2 2026$1.8B2044578414617.9%45
Q1 2026$1.4B2053551723519.8%45
Q4 2025$1.4B2054066404619.3%44
Q3 2025$1.3B2113683403620.6%45
Q2 2025$1.1B2115144663219.2%45
Q1 2025$971.1M1923768556519.6%45
Q4 2024$1.1B2204266434018.1%45
Q3 2024$1.1B2186468514117.8%43
Q2 2024$963.9M1954762385320.4%39
Q1 2024$976.3M2014575343619.1%44
Q4 2023$854.6M1923961533118.5%39
Q3 2023$1.3B1842848433426.4%44
Q2 2023$1.5B1904056433725.1%41
Q1 2023$1.3B1875455534423.4%42
Q4 2022$1.1B1773546393320.6%41
Q3 2022$1.1B1754255514020.9%45
Q2 2022$1.1B1733352655120.3%41
Q1 2022$1.4B1915075555319.2%40
Q4 2021$1.6B1944293243618.1%45
Q3 2021$1.4B1882670583718.0%46
Q2 2021$1.6B1995067663516.5%41
Q1 2021$1.4B1845372494217.8%44
Q4 2020$1.3B1733768273219.7%42
Q3 2020$925.0M1684269444621.4%44
Q2 2020$492.8M1725028865021.4%43
Q1 2020$513.5M1722759745917.5%43
Q4 2019$970.9M20451251104531.2%44
Q3 2019$1.2B1984588395321.7%44
Q2 2019$1.1B2065353775522.6%40
Q1 2019$1.1B2085467745627.7%45
Q4 2018$930.1M210000021.4%45

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.