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      <invstOrSec>
        <name>Entegris, Inc.</name>
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      <invstOrSec>
        <name>RLI Corp.</name>
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        <name>nCino, Inc.</name>
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      <invstOrSec>
        <name>Pool Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ionis Pharmaceuticals, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Robinhood Markets, Inc.</name>
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        <name>Kyndryl Holdings, Inc.</name>
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        <name>CoStar Group, Inc.</name>
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        <name>Equifax, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Carlisle Cos., Inc.</name>
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        <name>Jabil, Inc.</name>
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        <name>Ubiquiti, Inc.</name>
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        <name>Lattice Semiconductor Corp.</name>
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        <title>Lattice Semiconductor Corp.</title>
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        <name>Trump Media &amp; Technology Group Corp.</name>
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        <name>RingCentral, Inc.</name>
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        <name>Hilton Worldwide Holdings, Inc.</name>
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        <name>Doximity, Inc.</name>
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        <name>BJ's Wholesale Club Holdings, Inc.</name>
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        <name>Gen Digital, Inc.</name>
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        <name>Waters Corp.</name>
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        <title>Waters Corp.</title>
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        <name>AST SpaceMobile, Inc.</name>
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        <name>Elastic NV</name>
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        <title>Elastic NV</title>
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        <name>Deckers Outdoor Corp.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Cheniere Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ross Stores, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Veralto Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Flutter Entertainment plc</name>
        <lei>635400EG4YIJLJMZJ782</lei>
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        <balance>942859.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Liberty Broadband Corp.</name>
        <lei>549300MIX43II8JLN536</lei>
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          <isin value="US5303071071"/>
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        <balance>26036.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>XP, Inc.</name>
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          <isin value="KYG982391099"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Equitable Holdings, Inc.</name>
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        <title>Equitable Holdings, Inc.</title>
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          <isin value="US29452E1010"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lumentum Holdings, Inc.</name>
        <lei>549300JLWRRC38DWEF52</lei>
        <title>Lumentum Holdings, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zscaler, Inc.</name>
        <lei>529900MZ0RTK1BWRNF46</lei>
        <title>Zscaler, Inc.</title>
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          <isin value="US98980G1022"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Confluent, Inc.</name>
        <lei>254900MRZ83YWUV7SN74</lei>
        <title>Confluent, Inc., Class A</title>
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          <isin value="US20717M1036"/>
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        <balance>1798275.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Unity Software, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ally Financial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bright Horizons Family Solutions, Inc.</name>
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        <title>Bright Horizons Family Solutions, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Las Vegas Sands Corp.</name>
        <lei>549300DUOO1KXOHPM605</lei>
        <title>Las Vegas Sands Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Leonardo DRS, Inc.</name>
        <lei>549300HMMEWVG3PPQU18</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Lululemon Athletica, Inc.</name>
        <lei>549300D9GZ4BMLDW5T40</lei>
        <title>Lululemon Athletica, Inc.</title>
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        <name>RBC Bearings, Inc.</name>
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        <name>Tempus AI, Inc.</name>
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        <name>Grand Canyon Education, Inc.</name>
        <lei>529900XFER799IYOSW74</lei>
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        <name>TopBuild Corp.</name>
        <lei>5493007YSKHOL4RWII46</lei>
        <title>TopBuild Corp.</title>
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        <name>Simon Property Group, Inc.</name>
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        <title>Simon Property Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Morningstar, Inc.</name>
        <lei>529900YGNQPOVAXQ7F29</lei>
        <title>Morningstar, Inc.</title>
        <cusip>617700109</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Steel Dynamics, Inc.</name>
        <lei>549300HGGKEL4FYTTQ83</lei>
        <title>Steel Dynamics, Inc.</title>
        <cusip>858119100</cusip>
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        <curCd>USD</curCd>
        <valUSD>11537285.28000000</valUSD>
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      <invstOrSec>
        <name>Gitlab, Inc.</name>
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        <name>Dutch Bros, Inc.</name>
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      <invstOrSec>
        <name>Bruker Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>HF Sinclair Corp.</name>
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        <name>PTC, Inc.</name>
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        <name>Credit Acceptance Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Shift4 Payments, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Tetra Tech, Inc.</name>
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        <name>StandardAero, Inc.</name>
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        <name>Nexstar Media Group, Inc.</name>
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        <name>Paylocity Holding Corp.</name>
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        <name>Trade Desk, Inc. (The)</name>
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        <name>Jones Lang LaSalle, Inc.</name>
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        <name>Pinnacle Financial Partners, Inc.</name>
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        <name>Exelixis, Inc.</name>
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        <name>UDR, Inc.</name>
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        <name>Popular, Inc.</name>
        <lei>5493008CARDZMVQ3LO89</lei>
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        <name>Liberty Media Corp.-Liberty Formula One</name>
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        <name>Enphase Energy, Inc.</name>
        <lei>5493008U7KIGMI59Z314</lei>
        <title>Enphase Energy, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>WW Grainger, Inc.</name>
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        <title>WW Grainger, Inc.</title>
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      <invstOrSec>
        <name>Viking Holdings Ltd.</name>
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      <invstOrSec>
        <name>Carvana Co.</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Vertiv Holdings Co.</name>
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        <name>Performance Food Group Co.</name>
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        <name>Ralph Lauren Corp.</name>
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        <name>Sysco Corp.</name>
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        <name>Builders FirstSource, Inc.</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Lyft, Inc.</name>
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        <name>Birkenstock Holding plc</name>
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        <name>Natera, Inc.</name>
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        <name>MSCI, Inc.</name>
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        </securityLending>
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        <name>Loar Holdings, Inc.</name>
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        <name>Darling Ingredients, Inc.</name>
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        <name>SharkNinja, Inc.</name>
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        <name>Axon Enterprise, Inc.</name>
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        <name>Simpson Manufacturing Co., Inc.</name>
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        <name>Exact Sciences Corp.</name>
        <lei>549300VM3X1FYD4N9Z14</lei>
        <title>Exact Sciences Corp.</title>
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      <invstOrSec>
        <name>HEICO Corp.</name>
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        <name>Rollins, Inc.</name>
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        <name>Teradata Corp.</name>
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        <name>Sarepta Therapeutics, Inc.</name>
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        <name>WEX, Inc.</name>
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        <name>DoubleVerify Holdings, Inc.</name>
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        <name>Cava Group, Inc.</name>
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        <name>Avis Budget Group, Inc.</name>
        <lei>529900E95812SYWMCE44</lei>
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      <invstOrSec>
        <name>Carnival Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Okta, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chemed Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alnylam Pharmaceuticals, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Markel Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Procore Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GoDaddy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Liberty Broadband Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SiteOne Landscape Supply, Inc.</name>
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        <name>Dayforce, Inc.</name>
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        <name>Ulta Beauty, Inc.</name>
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        <name>Cardinal Health, Inc.</name>
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        <name>RB Global, Inc.</name>
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        <name>Eagle Materials, Inc.</name>
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        <name>Spirit AeroSystems Holdings, Inc.</name>
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        <name>UWM Holdings Corp.</name>
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        <name>Blue Owl Capital, Inc.</name>
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        <name>Rubrik, Inc.</name>
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        <name>Dexcom, Inc.</name>
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        <name>Rockwell Automation, Inc.</name>
        <lei>VH3R4HHBHH12O0EXZJ88</lei>
        <title>Rockwell Automation, Inc.</title>
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        <name>Travel + Leisure Co.</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>Travel + Leisure Co.</title>
        <cusip>894164102</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>KBR, Inc.</name>
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        <title>KBR, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Coca-Cola Consolidated, Inc.</name>
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        <title>Coca-Cola Consolidated, Inc.</title>
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          <isin value="US1910981026"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Casey's General Stores, Inc.</name>
        <lei>549300CAFWSI86V66Q65</lei>
        <title>Casey's General Stores, Inc.</title>
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          <isin value="US1475281036"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Viking Therapeutics, Inc.</name>
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        <title>Viking Therapeutics, Inc.</title>
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          <isin value="US92686J1060"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freedom Holding Corp.</name>
        <lei>254900RKI81EPUJ3RW71</lei>
        <title>Freedom Holding Corp.</title>
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          <isin value="US3563901046"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Light &amp; Wonder, Inc.</name>
        <lei>529900JXALYBOHXKFM62</lei>
        <title>Light &amp; Wonder, Inc., Class A</title>
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          <isin value="US80874P1093"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Globant SA</name>
        <lei>2221008DCMSPYS42DS88</lei>
        <title>Globant SA</title>
        <cusip>N/A</cusip>
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          <isin value="LU0974299876"/>
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        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Affirm Holdings, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US00827B1061"/>
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        <balance>1038908.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Corpay, Inc.</name>
        <lei>549300DG6RR0NQSFLN74</lei>
        <title>Corpay, Inc.</title>
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          <isin value="US2199481068"/>
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        <balance>443463.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Quanta Services, Inc.</name>
        <lei>SHVRXXEACT60MMH07S24</lei>
        <title>Quanta Services, Inc.</title>
        <cusip>74762E102</cusip>
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          <isin value="US74762E1029"/>
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        <balance>742872.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bentley Systems, Inc.</name>
        <lei>549300WVEHPGE0Z56F71</lei>
        <title>Bentley Systems, Inc., Class B</title>
        <cusip>08265T208</cusip>
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          <isin value="US08265T2087"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Penumbra, Inc.</name>
        <lei>549300RGE06P3ECANU72</lei>
        <title>Penumbra, Inc.</title>
        <cusip>70975L107</cusip>
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          <isin value="US70975L1070"/>
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        <balance>243343.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Manhattan Associates, Inc.</name>
        <lei>529900Q1GJP7KD52SW51</lei>
        <title>Manhattan Associates, Inc.</title>
        <cusip>562750109</cusip>
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          <isin value="US5627501092"/>
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        <balance>389297.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Take-Two Interactive Software, Inc.</name>
        <lei>BOMSTHHJK882EWYX3334</lei>
        <title>Take-Two Interactive Software, Inc.</title>
        <cusip>874054109</cusip>
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          <isin value="US8740541094"/>
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        <balance>395144.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Samsara, Inc.</name>
        <lei>N/A</lei>
        <title>Samsara, Inc., Class A</title>
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          <isin value="US79589L1061"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TPG, Inc.</name>
        <lei>549300NLO4R8MX77XJ02</lei>
        <title>TPG, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Appfolio, Inc.</name>
        <lei>529900OOUUGT6JFC0S15</lei>
        <title>Appfolio, Inc., Class A</title>
        <cusip>03783C100</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Planet Fitness, Inc.</name>
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        <title>Planet Fitness, Inc., Class A</title>
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        <name>Wingstop, Inc.</name>
        <lei>549300SSH3F8HPIM3Q47</lei>
        <title>Wingstop, Inc.</title>
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        <name>American Airlines Group, Inc.</name>
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        <title>American Airlines Group, Inc.</title>
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        <name>Twilio, Inc.</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>Twilio, Inc., Class A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Insulet Corp.</name>
        <lei>549300TZTYD2PYN92D43</lei>
        <title>Insulet Corp.</title>
        <cusip>45784P101</cusip>
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        <balance>456496.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Houlihan Lokey, Inc.</name>
        <lei>549300S3CNGTQ1QZVY46</lei>
        <title>Houlihan Lokey, Inc., Class A</title>
        <cusip>441593100</cusip>
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        <balance>136837.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Core &amp; Main, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pure Storage, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Somnigroup International, Inc.</name>
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        <name>Wyndham Hotels &amp; Resorts, Inc.</name>
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        <name>Western Alliance Bancorp</name>
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      <invstOrSec>
        <name>Vistra Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Masimo Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Verisk Analytics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Duolingo, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IDEXX Laboratories, Inc.</name>
        <lei>OGMTXK0LUU1HKV2P0J84</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Guidewire Software, Inc.</name>
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        <name>MACOM Technology Solutions Holdings, Inc.</name>
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        <name>XPO, Inc.</name>
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        <name>WillScot Holdings Corp.</name>
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        <name>Ameriprise Financial, Inc.</name>
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        <name>IQVIA Holdings, Inc.</name>
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        <title>IQVIA Holdings, Inc.</title>
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        <name>Onto Innovation, Inc.</name>
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        <name>Restaurant Brands International, Inc.</name>
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        <title>Restaurant Brands International, Inc.</title>
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        <name>Domino's Pizza, Inc.</name>
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        <title>Domino's Pizza, Inc.</title>
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        <name>Corcept Therapeutics, Inc.</name>
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        <title>Corcept Therapeutics, Inc.</title>
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        <name>SentinelOne, Inc.</name>
        <lei>984500DCD44DBF954221</lei>
        <title>SentinelOne, Inc., Class A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ryan Specialty Holdings, Inc.</name>
        <lei>N/A</lei>
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      <invstOrSec>
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      <invstOrSec>
        <name>Coinbase Global, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Rocket Lab Corp.</name>
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        <name>Paychex, Inc.</name>
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        <name>AZEK Co., Inc. (The)</name>
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        <name>Comfort Systems USA, Inc.</name>
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        <name>Ares Management Corp.</name>
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        <name>Armstrong World Industries, Inc.</name>
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        <name>Nutanix, Inc.</name>
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        <name>FactSet Research Systems, Inc.</name>
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        <name>Halozyme Therapeutics, Inc.</name>
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        <name>Murphy USA, Inc.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Inspire Medical Systems, Inc.</name>
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        <name>CDW Corp.</name>
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        <name>Celsius Holdings, Inc.</name>
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        <name>Ferguson Enterprises, Inc.</name>
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        <name>Lithia Motors, Inc.</name>
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        <name>Tapestry, Inc.</name>
        <lei>549300LJNVY5SW3VTN33</lei>
        <title>Tapestry, Inc.</title>
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        <name>Coupang, Inc.</name>
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        <name>Old Dominion Freight Line, Inc.</name>
        <lei>5299009TWK32WE417T96</lei>
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        <name>Wendy's Co. (The)</name>
        <lei>529900M0JIUCMWVKHG76</lei>
        <title>Wendy's Co. (The)</title>
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        </securityLending>
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        <name>Hershey Co. (The)</name>
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        <name>Tyler Technologies, Inc.</name>
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        <name>RH</name>
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        <name>DocuSign, Inc.</name>
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        <name>Carpenter Technology Corp.</name>
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        <name>Anglogold Ashanti plc</name>
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        <name>HEICO Corp.</name>
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        <name>Wayfair, Inc.</name>
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        <name>Incyte Corp.</name>
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        <name>MongoDB, Inc.</name>
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        <name>U-Haul Holding Co.</name>
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        <name>Texas Roadhouse, Inc.</name>
        <lei>5299002Y1CNRPDGXTQ75</lei>
        <title>Texas Roadhouse, Inc.</title>
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        <name>DaVita, Inc.</name>
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        <name>Fastenal Co.</name>
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        <name>Norwegian Cruise Line Holdings Ltd.</name>
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        <name>Toast, Inc.</name>
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        <name>Reddit, Inc.</name>
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        <name>FTAI Aviation Ltd.</name>
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        <name>Burlington Stores, Inc.</name>
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        <name>Booz Allen Hamilton Holding Corp.</name>
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        <name>Chewy, Inc.</name>
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        <name>Lamar Advertising Co.</name>
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        <name>H&amp;R Block, Inc.</name>
        <lei>549300CE3KUCWLZBG404</lei>
        <title>H&amp;R Block, Inc.</title>
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        <name>Jefferies Financial Group, Inc.</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>Jefferies Financial Group, Inc.</title>
        <cusip>47233W109</cusip>
        <identifiers>
          <isin value="US47233W1099"/>
          <other otherDesc="Inhouse Asset ID" value="47233W109"/>
        </identifiers>
        <balance>251966.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13780020.54000000</valUSD>
        <pctVal>0.071250477322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iridium Communications, Inc.</name>
        <lei>549300U620NVQ4J1CT96</lei>
        <title>Iridium Communications, Inc.</title>
        <cusip>46269C102</cusip>
        <identifiers>
          <isin value="US46269C1027"/>
          <other otherDesc="Inhouse Asset ID" value="46269C102"/>
        </identifiers>
        <balance>46042.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1389087.14000000</valUSD>
        <pctVal>0.007182363878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Roku, Inc.</name>
        <lei>549300KR6ITU0YIR1T71</lei>
        <title>Roku, Inc., Class A</title>
        <cusip>77543R102</cusip>
        <identifiers>
          <isin value="US77543R1023"/>
          <other otherDesc="Inhouse Asset ID" value="77543R102"/>
        </identifiers>
        <balance>109043.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9583789.27000000</valUSD>
        <pctVal>0.049553595226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cloudflare, Inc.</name>
        <lei>5493007DY18BGNLDWU14</lei>
        <title>Cloudflare, Inc., Class A</title>
        <cusip>18915M107</cusip>
        <identifiers>
          <isin value="US18915M1071"/>
          <other otherDesc="Inhouse Asset ID" value="18915M107"/>
        </identifiers>
        <balance>2009604.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>393540751.32000000</valUSD>
        <pctVal>2.034827618437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="998733.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Block, Inc.</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>Block, Inc., Class A</title>
        <cusip>852234103</cusip>
        <identifiers>
          <isin value="US8522341036"/>
          <other otherDesc="Inhouse Asset ID" value="852234103"/>
        </identifiers>
        <balance>1311858.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>89114513.94000000</valUSD>
        <pctVal>0.460772292476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Monolithic Power Systems, Inc.</name>
        <lei>529900TB7O85LSZ1XU31</lei>
        <title>Monolithic Power Systems, Inc.</title>
        <cusip>609839105</cusip>
        <identifiers>
          <isin value="US6098391054"/>
          <other otherDesc="Inhouse Asset ID" value="609839105"/>
        </identifiers>
        <balance>301048.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>220180486.24000000</valUSD>
        <pctVal>1.138457282859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lazard, Inc.</name>
        <lei>254900RIBCDJSUFG1A11</lei>
        <title>Lazard, Inc.</title>
        <cusip>52110M109</cusip>
        <identifiers>
          <isin value="US52110M1099"/>
          <other otherDesc="Inhouse Asset ID" value="52110M109"/>
        </identifiers>
        <balance>148878.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7143166.44000000</valUSD>
        <pctVal>0.036934198825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sotera Health Co.</name>
        <lei>N/A</lei>
        <title>Sotera Health Co.</title>
        <cusip>83601L102</cusip>
        <identifiers>
          <isin value="US83601L1026"/>
          <other otherDesc="Inhouse Asset ID" value="83601L102"/>
        </identifiers>
        <balance>86550.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>962436.00000000</valUSD>
        <pctVal>0.004976336877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>



      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
