N-Q 1 indexfunds_final.htm indexfunds_final.htm - Generated by SEC Publisher for SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT COMPANY

 

Investment Company Act file number:  811-02652

 

Name of Registrant:   Vanguard Index Funds

 

Address of Registrant:

P.O. Box 2600
Valley Forge, PA 19482

 

Name and address of agent for service:

Heidi Stam, Esquire
P.O. Box 876
Valley Forge, PA 19482

 

Date of fiscal year end:  December 31

 

Date of reporting period:  March 31, 2015

 

Item 1: Schedule of Investments

 


Vanguard 500 Index Fund

Schedule of Investments
As of March 31, 2015

    Market
    Value
  Shares ($000)
Common Stocks (99.6%)1    
Consumer Discretionary (12.5%)    
Walt Disney Co. 17,575,364 1,843,480
Home Depot Inc. 14,812,829 1,682,886
* Amazon.com Inc. 4,280,247 1,592,680
Comcast Corp. Class A 27,223,688 1,537,322
McDonald's Corp. 10,803,294 1,052,673
Lowe's Cos. Inc. 10,935,858 813,518
Starbucks Corp. 8,428,010 798,133
NIKE Inc. Class B 7,865,945 789,190
Time Warner Inc. 9,335,393 788,281
Ford Motor Co. 44,465,988 717,681
Twenty-First Century Fox Inc. Class A 20,552,641 695,501
* Priceline Group Inc. 583,811 679,644
Target Corp. 7,159,727 587,599
General Motors Co. 15,204,891 570,183
TJX Cos. Inc. 7,673,760 537,547
* DIRECTV 5,651,701 480,960
Time Warner Cable Inc. 3,157,468 473,241
Yum! Brands Inc. 4,868,379 383,239
Johnson Controls Inc. 7,388,236 372,663
CBS Corp. Class B 5,142,404 311,784
VF Corp. 3,848,265 289,813
* Netflix Inc. 680,022 283,358
Viacom Inc. Class B 4,104,873 280,363
L Brands Inc. 2,763,479 260,568
Delphi Automotive plc 3,262,854 260,180
* Dollar General Corp. 3,410,677 257,097
Macy's Inc. 3,828,476 248,506
* O'Reilly Automotive Inc. 1,142,566 247,068
Ross Stores Inc. 2,326,600 245,131
* AutoZone Inc. 358,550 244,588
Carnival Corp. 5,063,177 242,222
* Chipotle Mexican Grill Inc. Class A 348,699 226,843
Omnicom Group Inc. 2,773,291 216,261
* Dollar Tree Inc. 2,311,689 187,582
Marriott International Inc. Class A 2,331,363 187,255
Kohl's Corp. 2,270,727 177,684
Whirlpool Corp. 877,994 177,407
* CarMax Inc. 2,360,669 162,910
Starwood Hotels & Resorts Worldwide Inc. 1,929,871 161,144
* Bed Bath & Beyond Inc. 2,086,297 160,175
Genuine Parts Co. 1,716,429 159,954
BorgWarner Inc. 2,545,244 153,936
Royal Caribbean Cruises Ltd. 1,851,547 151,549
* Under Armour Inc. Class A 1,875,466 151,444
Hanesbrands Inc. 4,505,178 150,969
* Michael Kors Holdings Ltd. 2,256,599 148,371
Harley-Davidson Inc. 2,377,652 144,419
Tractor Supply Co. 1,530,888 130,217
* Mohawk Industries Inc. 697,630 129,585

 

 

Gap Inc. 2,981,298 129,180
Coach Inc. 3,100,476 128,453
Nordstrom Inc. 1,581,380 127,016
Best Buy Co. Inc. 3,272,397 123,664
Wyndham Worldwide Corp. 1,355,232 122,608
Newell Rubbermaid Inc. 3,047,410 119,062
Staples Inc. 7,199,710 117,247
Wynn Resorts Ltd. 910,686 114,637
Tiffany & Co. 1,265,132 111,344
DR Horton Inc. 3,738,390 106,469
Expedia Inc. 1,111,343 104,611
* TripAdvisor Inc. 1,253,381 104,244
Lennar Corp. Class A 2,007,223 103,994
Harman International Industries Inc. 771,643 103,115
Interpublic Group of Cos. Inc. 4,635,748 102,543
H&R Block Inc. 3,094,612 99,244
PVH Corp. 927,087 98,790
Darden Restaurants Inc. 1,394,805 96,716
Gannett Co. Inc. 2,550,710 94,580
* News Corp. Class A 5,615,283 89,901
* Discovery Communications Inc. 3,038,844 89,570
Ralph Lauren Corp. Class A 677,486 89,089
Mattel Inc. 3,803,505 86,910
Family Dollar Stores Inc. 1,081,141 85,670
PulteGroup Inc. 3,726,545 82,841
Goodyear Tire & Rubber Co. 3,031,523 82,094
Hasbro Inc. 1,257,510 79,525
Scripps Networks Interactive Inc. Class A 1,095,130 75,082
Comcast Corp. 1,338,634 75,051
Leggett & Platt Inc. 1,556,078 71,720
Garmin Ltd. 1,358,332 64,548
* AutoNation Inc. 842,745 54,214
* Discovery Communications Inc. Class A 1,671,054 51,402
* Urban Outfitters Inc. 1,124,771 51,346
^ GameStop Corp. Class A 1,220,146 46,317
Cablevision Systems Corp. Class A 2,466,678 45,140
* Fossil Group Inc. 498,690 41,117
    25,913,858
Consumer Staples (9.7%)    
Procter & Gamble Co. 30,354,575 2,487,254
Coca-Cola Co. 44,170,128 1,791,099
PepsiCo Inc. 16,662,324 1,593,251
Wal-Mart Stores Inc. 17,752,571 1,460,149
Philip Morris International Inc. 17,387,942 1,309,834
CVS Health Corp. 12,648,232 1,305,424
Altria Group Inc. 22,135,716 1,107,229
Walgreens Boots Alliance Inc. 9,801,394 829,982
Costco Wholesale Corp. 4,945,468 749,214
Mondelez International Inc. Class A 18,540,665 669,133
Colgate-Palmolive Co. 9,584,138 664,564
Kraft Foods Group Inc. 6,609,171 575,758
Kimberly-Clark Corp. 4,108,003 440,008
Kroger Co. 5,522,693 423,370
General Mills Inc. 6,786,348 384,107
Archer-Daniels-Midland Co. 7,129,670 337,946
Lorillard Inc. 4,047,032 264,474
Sysco Corp. 6,658,188 251,213

 

 

Reynolds American Inc. 3,463,691 238,683
Mead Johnson Nutrition Co. 2,273,954 228,601
* Monster Beverage Corp. 1,643,562 227,461
* Constellation Brands Inc. Class A 1,891,998 219,869
Whole Foods Market Inc. 4,055,086 211,189
Estee Lauder Cos. Inc. Class A 2,507,327 208,509
Kellogg Co. 2,845,709 187,674
ConAgra Foods Inc. 4,787,463 174,886
Dr Pepper Snapple Group Inc. 2,169,028 170,225
Hershey Co. 1,663,111 167,825
Clorox Co. 1,474,495 162,769
Brown-Forman Corp. Class B 1,751,592 158,256
Keurig Green Mountain Inc. 1,363,048 152,293
Molson Coors Brewing Co. Class B 1,796,886 133,778
JM Smucker Co. 1,143,983 132,393
Tyson Foods Inc. Class A 3,284,324 125,790
McCormick & Co. Inc. 1,442,059 111,197
Coca-Cola Enterprises Inc. 2,439,449 107,824
Campbell Soup Co. 1,998,336 93,023
Hormel Foods Corp. 1,514,442 86,096
    19,942,350
Energy (8.0%)    
Exxon Mobil Corp. 47,149,531 4,007,710
Chevron Corp. 21,133,772 2,218,623
Schlumberger Ltd. 14,334,922 1,196,106
ConocoPhillips 13,841,997 861,803
Kinder Morgan Inc. 19,153,958 805,615
Occidental Petroleum Corp. 8,661,282 632,274
EOG Resources Inc. 6,164,700 565,241
Phillips 66 6,109,098 480,175
Anadarko Petroleum Corp. 5,694,931 471,597
Halliburton Co. 9,550,625 419,081
Williams Cos. Inc. 7,565,917 382,760
Valero Energy Corp. 5,787,581 368,206
Marathon Petroleum Corp. 3,069,377 314,273
Baker Hughes Inc. 4,884,251 310,541
Pioneer Natural Resources Co. 1,674,463 273,791
Spectra Energy Corp. 7,543,289 272,841
Devon Energy Corp. 4,343,630 261,964
Apache Corp. 4,235,653 255,537
National Oilwell Varco Inc. 4,607,820 230,345
Noble Energy Inc. 4,347,301 212,583
Marathon Oil Corp. 7,586,657 198,088
Hess Corp. 2,731,008 185,354
EQT Corp. 1,707,403 141,492
Cabot Oil & Gas Corp. 4,644,203 137,143
Tesoro Corp. 1,403,956 128,167
Cimarex Energy Co. 984,829 113,344
ONEOK Inc. 2,342,837 113,018
* Southwestern Energy Co. 4,322,690 100,243
* Cameron International Corp. 2,178,122 98,277
Range Resources Corp. 1,864,459 97,026
* FMC Technologies Inc. 2,602,203 96,308
Murphy Oil Corp. 1,876,218 87,432
Helmerich & Payne Inc. 1,210,606 82,406
^ Chesapeake Energy Corp. 5,818,074 82,384
CONSOL Energy Inc. 2,587,995 72,179

 

 

* Newfield Exploration Co. 1,807,398 63,422
^ Transocean Ltd. 3,828,211 56,160
Ensco plc Class A 2,633,892 55,496
Noble Corp. plc 2,721,263 38,860
QEP Resources Inc. 1,816,532 37,875
^ Diamond Offshore Drilling Inc. 756,422 20,265
Denbury Resources Inc. 3,384 25
    16,546,030
Financials (16.1%)    
Wells Fargo & Co. 52,701,004 2,866,935
* Berkshire Hathaway Inc. Class B 18,935,765 2,732,810
JPMorgan Chase & Co. 41,907,350 2,538,747
Bank of America Corp. 118,242,959 1,819,759
Citigroup Inc. 34,101,376 1,756,903
US Bancorp 20,021,066 874,320
Goldman Sachs Group Inc. 4,553,837 855,985
American International Group Inc. 15,426,659 845,227
American Express Co. 9,852,066 769,643
Simon Property Group Inc. 3,494,052 683,576
MetLife Inc. 12,560,355 634,926
Morgan Stanley 17,329,883 618,504
PNC Financial Services Group Inc. 5,852,752 545,711
BlackRock Inc. 1,425,963 521,674
Bank of New York Mellon Corp. 12,520,523 503,826
Capital One Financial Corp. 6,200,115 488,693
American Tower Corporation 4,749,685 447,183
ACE Ltd. 3,679,455 410,222
Prudential Financial Inc. 5,103,174 409,836
Charles Schwab Corp. 12,968,274 394,754
Travelers Cos. Inc. 3,612,300 390,598
State Street Corp. 4,634,207 340,753
Marsh & McLennan Cos. Inc. 6,056,040 339,683
CME Group Inc. 3,564,372 337,582
Allstate Corp. 4,680,762 333,130
Public Storage 1,631,711 321,676
Equity Residential 4,089,220 318,387
McGraw Hill Financial Inc. 3,074,275 317,880
BB&T Corp. 8,102,085 315,900
Aflac Inc. 4,933,435 315,789
Crown Castle International Corp. 3,752,715 309,749
Health Care REIT Inc. 3,928,071 303,876
Aon plc 3,150,117 302,789
Intercontinental Exchange Inc. 1,259,014 293,690
Discover Financial Services 5,027,128 283,279
Ventas Inc. 3,718,432 271,520
Ameriprise Financial Inc. 2,051,521 268,421
Chubb Corp. 2,594,964 262,351
AvalonBay Communities Inc. 1,484,363 258,650
Prologis Inc. 5,756,636 250,759
SunTrust Banks Inc. 5,896,055 242,269
Boston Properties Inc. 1,721,970 241,902
T. Rowe Price Group Inc. 2,930,724 237,330
* Berkshire Hathaway Inc. Class A 1,042 226,635
Franklin Resources Inc. 4,403,437 225,984
HCP Inc. 5,179,180 223,792
Vornado Realty Trust 1,964,104 219,980
General Growth Properties Inc. 7,062,203 208,688

 

 

Moody's Corp. 1,998,643 207,459
Hartford Financial Services Group Inc. 4,731,700 197,880
Weyerhaeuser Co. 5,901,210 195,625
Invesco Ltd. 4,824,709 191,493
M&T Bank Corp. 1,494,014 189,740
Fifth Third Bancorp 9,158,245 172,633
Northern Trust Corp. 2,467,082 171,832
Host Hotels & Resorts Inc. 8,514,830 171,829
Essex Property Trust Inc. 732,039 168,296
Lincoln National Corp. 2,881,987 165,599
Progressive Corp. 6,024,002 163,853
Principal Financial Group Inc. 3,074,538 157,939
Regions Financial Corp. 15,094,528 142,643
SL Green Realty Corp. 1,108,610 142,323
Loews Corp. 3,355,773 137,016
KeyCorp 9,614,192 136,137
Macerich Co. 1,581,562 133,373
* Affiliated Managers Group Inc. 613,664 131,803
Kimco Realty Corp. 4,637,596 124,519
* CBRE Group Inc. Class A 3,144,725 121,732
XL Group plc Class A 2,869,495 105,597
Huntington Bancshares Inc. 9,106,935 100,632
Unum Group 2,826,982 95,354
* E*TRADE Financial Corp. 3,247,476 92,732
Navient Corp. 4,513,857 91,767
Comerica Inc. 2,005,652 90,515
Cincinnati Financial Corp. 1,661,419 88,520
Plum Creek Timber Co. Inc. 1,979,756 86,020
Leucadia National Corp. 3,545,985 79,040
Torchmark Corp. 1,428,616 78,460
Iron Mountain Inc. 2,102,699 76,706
NASDAQ OMX Group Inc. 1,328,437 67,671
Apartment Investment & Management Co. 1,644,020 64,709
Zions Bancorporation 2,281,103 61,590
Legg Mason Inc. 1,114,447 61,518
Hudson City Bancorp Inc. 5,410,883 56,706
People's United Financial Inc. 3,465,063 52,669
Assurant Inc. 774,425 47,557
* Genworth Financial Inc. Class A 5,585,388 40,829
    33,344,592
Health Care (14.9%)    
Johnson & Johnson 31,253,493 3,144,101
Pfizer Inc. 68,890,079 2,396,686
Merck & Co. Inc. 31,902,143 1,833,735
* Gilead Sciences Inc. 16,741,367 1,642,830
Amgen Inc. 8,529,815 1,363,491
* Actavis plc 4,389,133 1,306,294
UnitedHealth Group Inc. 10,719,890 1,268,056
Medtronic plc 16,018,208 1,249,260
Bristol-Myers Squibb Co. 18,682,751 1,205,037
* Biogen Inc. 2,637,128 1,113,501
AbbVie Inc. 17,915,797 1,048,791
* Celgene Corp. 8,998,931 1,037,397
Eli Lilly & Co. 10,990,452 798,456
Abbott Laboratories 16,961,340 785,819
* Express Scripts Holding Co. 8,170,630 708,966
Thermo Fisher Scientific Inc. 4,459,994 599,156

 

 

McKesson Corp. 2,617,253 592,023
Anthem Inc. 2,998,812 463,047
Aetna Inc. 3,953,212 421,136
Baxter International Inc. 6,098,812 417,769
* Alexion Pharmaceuticals Inc. 2,272,302 393,790
Cigna Corp. 2,905,039 376,028
* Regeneron Pharmaceuticals Inc. 829,241 374,386
Becton Dickinson and Co. 2,346,788 336,975
Cardinal Health Inc. 3,710,788 334,973
* Vertex Pharmaceuticals Inc. 2,721,167 321,016
Stryker Corp. 3,363,240 310,259
Humana Inc. 1,681,681 299,373
AmerisourceBergen Corp. Class A 2,345,064 266,563
* Boston Scientific Corp. 14,955,377 265,458
Perrigo Co. plc 1,582,581 261,996
Zoetis Inc. 5,629,004 260,567
* Cerner Corp. 3,427,196 251,076
* HCA Holdings Inc. 3,309,230 248,953
* Mylan NV 4,191,427 248,761
Zimmer Holdings Inc. 1,909,804 224,440
* Intuitive Surgical Inc. 411,404 207,771
St. Jude Medical Inc. 3,161,703 206,775
* Endo International plc 1,995,311 178,979
* Edwards Lifesciences Corp. 1,212,179 172,687
* Hospira Inc. 1,926,733 169,244
* Mallinckrodt plc 1,309,368 165,831
* DaVita HealthCare Partners Inc. 1,940,524 157,726
Agilent Technologies Inc. 3,774,676 156,838
* Laboratory Corp. of America Holdings 1,127,476 142,163
CR Bard Inc. 834,792 139,702
* Henry Schein Inc. 942,084 131,534
Quest Diagnostics Inc. 1,622,233 124,669
Universal Health Services Inc. Class B 1,023,421 120,467
* Waters Corp. 933,503 116,053
* Varian Medical Systems Inc. 1,125,153 105,866
DENTSPLY International Inc. 1,578,320 80,321
PerkinElmer Inc. 1,270,485 64,973
* Tenet Healthcare Corp. 1,107,344 54,825
Patterson Cos. Inc. 963,466 47,007
    30,713,596
Industrials (10.3%)    
General Electric Co. 113,132,466 2,806,817
3M Co. 7,134,798 1,176,885
Boeing Co. 7,363,346 1,105,091
United Technologies Corp. 9,288,578 1,088,621
Union Pacific Corp. 9,905,882 1,072,906
Honeywell International Inc. 8,797,421 917,659
United Parcel Service Inc. Class B 7,811,515 757,248
Lockheed Martin Corp. 3,015,170 611,959
Danaher Corp. 6,901,847 585,967
Caterpillar Inc. 6,813,522 545,286
FedEx Corp. 2,961,634 490,002
General Dynamics Corp. 3,542,060 480,764
Emerson Electric Co. 7,701,893 436,081
American Airlines Group Inc. 8,062,341 425,530
Delta Air Lines Inc. 9,265,111 416,559
Illinois Tool Works Inc. 3,923,891 381,167

 

 

Raytheon Co. 3,454,442 377,398
CSX Corp. 11,134,236 368,766
Eaton Corp. plc 5,334,705 362,440
Northrop Grumman Corp. 2,230,166 358,968
Norfolk Southern Corp. 3,455,442 355,634
Southwest Airlines Co. 7,598,422 336,610
Precision Castparts Corp. 1,593,513 334,638
Deere & Co. 3,816,033 334,628
Cummins Inc. 1,893,196 262,473
Waste Management Inc. 4,799,515 260,278
PACCAR Inc. 3,984,954 251,610
Tyco International plc 4,721,486 203,307
Ingersoll-Rand plc 2,959,896 201,510
Roper Industries Inc. 1,128,117 194,036
Parker-Hannifin Corp. 1,601,319 190,205
Rockwell Automation Inc. 1,523,125 176,667
Stanley Black & Decker Inc. 1,769,306 168,721
WW Grainger Inc. 674,681 159,097
Nielsen NV 3,547,172 158,097
Rockwell Collins Inc. 1,494,391 144,283
AMETEK Inc. 2,709,692 142,367
Textron Inc. 3,111,718 137,942
* Stericycle Inc. 954,842 134,088
Pentair plc 2,050,756 128,972
Kansas City Southern 1,241,131 126,695
Dover Corp. 1,832,837 126,686
Fastenal Co. 3,055,737 126,614
Equifax Inc. 1,343,194 124,917
CH Robinson Worldwide Inc. 1,644,850 120,436
Pall Corp. 1,198,916 120,359
L-3 Communications Holdings Inc. 927,762 116,703
Republic Services Inc. Class A 2,818,009 114,298
Masco Corp. 3,929,799 104,926
Expeditors International of Washington Inc. 2,155,880 103,870
* United Rentals Inc. 1,085,302 98,936
Snap-on Inc. 653,623 96,122
Fluor Corp. 1,661,643 94,980
Robert Half International Inc. 1,519,590 91,966
Cintas Corp. 1,095,195 89,401
Flowserve Corp. 1,514,867 85,575
ADT Corp. 1,924,915 79,922
Xylem Inc. 2,049,101 71,760
* Quanta Services Inc. 2,376,746 67,809
Allegion plc 1,079,217 66,016
* Jacobs Engineering Group Inc. 1,442,287 65,134
Ryder System Inc. 596,062 56,560
Pitney Bowes Inc. 2,266,695 52,859
Dun & Bradstreet Corp. 404,448 51,915
Joy Global Inc. 1,094,981 42,901
    21,338,637
Information Technology (19.6%)    
Apple Inc. 65,471,877 8,146,666
Microsoft Corp. 92,212,918 3,748,916
* Facebook Inc. Class A 23,596,193 1,939,961
* Google Inc. Class A 3,209,823 1,780,489
* Google Inc. Class C 3,216,517 1,762,651
Intel Corp. 53,234,031 1,664,628

 

 

International Business Machines Corp. 10,332,496 1,658,366
Cisco Systems Inc. 57,378,732 1,579,350
Oracle Corp. 36,033,026 1,554,825
Visa Inc. Class A 21,805,398 1,426,291
QUALCOMM Inc. 18,541,600 1,285,675
MasterCard Inc. Class A 10,972,609 947,924
* eBay Inc. 12,377,227 713,918
Texas Instruments Inc. 11,770,220 673,080
Accenture plc Class A 7,060,370 661,486
Hewlett-Packard Co. 20,429,915 636,596
EMC Corp. 22,346,721 571,182
Automatic Data Processing Inc. 5,340,844 457,390
* salesforce.com inc 6,801,118 454,383
* Yahoo! Inc. 9,785,728 434,829
* Cognizant Technology Solutions Corp. Class A 6,852,291 427,514
* Adobe Systems Inc. 5,349,003 395,505
Avago Technologies Ltd. Class A 2,884,209 366,237
* Micron Technology Inc. 12,109,348 328,527
TE Connectivity Ltd. 4,566,066 327,022
Corning Inc. 14,290,254 324,103
Applied Materials Inc. 13,810,962 311,575
Intuit Inc. 3,110,490 301,593
Broadcom Corp. Class A 6,127,018 265,269
Western Digital Corp. 2,441,090 222,164
Analog Devices Inc. 3,502,847 220,679
Fidelity National Information Services Inc. 3,204,299 218,085
* Fiserv Inc. 2,682,990 213,029
Skyworks Solutions Inc. 2,144,961 210,828
* Alliance Data Systems Corp. 705,948 209,137
* Electronic Arts Inc. 3,495,011 205,559
Amphenol Corp. Class A 3,486,713 205,472
Seagate Technology plc 3,690,702 192,027
Paychex Inc. 3,673,710 182,271
Symantec Corp. 7,670,185 179,214
* Red Hat Inc. 2,061,695 156,173
SanDisk Corp. 2,394,385 152,331
Xerox Corp. 11,750,534 150,994
* Autodesk Inc. 2,548,242 149,429
Equinix Inc. 634,792 147,811
Altera Corp. 3,382,197 145,130
Motorola Solutions Inc. 2,143,337 142,896
* Akamai Technologies Inc. 2,010,211 142,815
Linear Technology Corp. 2,688,713 125,832
Lam Research Corp. 1,790,760 125,774
Xilinx Inc. 2,938,812 124,312
NetApp Inc. 3,504,378 124,265
Western Union Co. 5,861,659 121,981
NVIDIA Corp. 5,804,154 121,452
CA Inc. 3,583,956 116,873
* Citrix Systems Inc. 1,796,646 114,752
Microchip Technology Inc. 2,264,698 110,744
KLA-Tencor Corp. 1,828,759 106,598
Computer Sciences Corp. 1,585,718 103,516
* F5 Networks Inc. 811,303 93,251
Harris Corp. 1,170,930 92,222
Juniper Networks Inc. 4,072,794 91,964
* VeriSign Inc. 1,182,358 79,183

 

 

* Teradata Corp. 1,631,459 72,013
Total System Services Inc. 1,851,193 70,623
* First Solar Inc. 845,688 50,564
FLIR Systems Inc. 1,571,815 49,166
    40,487,080
Materials (3.2%)    
EI du Pont de Nemours & Co. 10,177,127 727,359
Monsanto Co. 5,432,340 611,356
Dow Chemical Co. 12,232,138 586,898
Praxair Inc. 3,246,080 391,932
LyondellBasell Industries NV Class A 4,451,501 390,842
Ecolab Inc. 3,027,344 346,268
PPG Industries Inc. 1,529,250 344,907
Air Products & Chemicals Inc. 2,167,671 327,925
International Paper Co. 4,752,907 263,739
Sherwin-Williams Co. 906,653 257,943
Freeport-McMoRan Inc. 11,688,435 221,496
Sigma-Aldrich Corp. 1,342,456 185,595
Alcoa Inc. 13,738,506 177,501
Nucor Corp. 3,586,254 170,455
Mosaic Co. 3,495,389 160,998
CF Industries Holdings Inc. 538,502 152,762
Vulcan Materials Co. 1,484,994 125,185
Newmont Mining Corp. 5,607,389 121,736
Eastman Chemical Co. 1,671,070 115,738
Ball Corp. 1,544,131 109,077
Sealed Air Corp. 2,362,664 107,643
International Flavors & Fragrances Inc. 907,928 106,591
Martin Marietta Materials Inc. 695,213 97,191
MeadWestvaco Corp. 1,882,757 93,893
FMC Corp. 1,499,103 85,824
Airgas Inc. 760,329 80,678
Avery Dennison Corp. 1,017,429 53,832
* Owens-Illinois Inc. 1,846,585 43,062
Allegheny Technologies Inc. 1,221,773 36,665
    6,495,091
Telecommunication Services (2.3%)    
Verizon Communications Inc. 46,707,997 2,271,410
AT&T Inc. 58,339,024 1,904,769
CenturyLink Inc. 6,367,528 219,998
* Level 3 Communications Inc. 3,223,712 173,565
Frontier Communications Corp. 11,272,631 79,472
^ Windstream Holdings Inc. 6,775,219 50,136
    4,699,350
Utilities (3.0%)    
Duke Energy Corp. 7,953,176 610,645
NextEra Energy Inc. 4,984,615 518,649
Dominion Resources Inc. 6,610,870 468,512
Southern Co. 10,227,329 452,866
Exelon Corp. 9,664,853 324,836
American Electric Power Co. Inc. 5,503,516 309,573
PG&E Corp. 5,354,919 284,186
Sempra Energy 2,602,705 283,747
PPL Corp. 7,496,934 252,347
Public Service Enterprise Group Inc. 5,689,626 238,509
Edison International 3,662,304 228,784

 

 

Consolidated Edison Inc.     3,292,223 200,826
Xcel Energy Inc.     5,687,511 197,982
Eversource Energy     3,560,914 179,897
FirstEnergy Corp.     4,734,229 165,982
DTE Energy Co.     1,992,144 160,746
Entergy Corp.     2,028,665 157,201
NiSource Inc.     3,554,351 156,960
Wisconsin Energy Corp.     2,534,883 125,477
Ameren Corp.     2,727,689 115,108
CMS Energy Corp.     3,096,736 108,107
CenterPoint Energy Inc.     4,832,219 98,626
NRG Energy Inc.     3,796,904 95,644
AES Corp.     7,268,166 93,396
SCANA Corp.     1,607,173 88,378
Pinnacle West Capital Corp.     1,243,586 79,279
Pepco Holdings Inc.     2,843,180 76,282
AGL Resources Inc.     1,345,014 66,780
Integrys Energy Group Inc.     893,997 64,386
TECO Energy Inc.     2,647,991 51,371
        6,255,082
Total Common Stocks (Cost $117,602,783)       205,735,666
  Coupon      
Temporary Cash Investments (0.5%)1        
Money Market Fund (0.5%)        
2,3 Vanguard Market Liquidity Fund 0.128%   962,239,969 962,240
 
      Face  
    Maturity Amount  
    Date ($000)  
U.S. Government and Agency Obligations (0.0%)        
4,5 Federal Home Loan Bank Discount Notes 0.100% 4/24/15 15,000 14,999
4,5 Federal Home Loan Bank Discount Notes 0.063% 4/29/15 10,000 10,000
4,5 Federal Home Loan Bank Discount Notes 0.133% 7/31/15 25,000 24,988
        49,987
Total Temporary Cash Investments (Cost $1,012,227)       1,012,227
Total Investments (100.1%) (Cost $118,615,010)       206,747,893
Other Assets and Liabilities-Net (-0.1%)3       (128,378)
Net Assets (100%)       206,619,515

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $61,393,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 100.0% and 0.1%, respectively, of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
3 Includes $63,850,000 of collateral received for securities on loan.
4 The issuer operates under a congressional charter; its securities are generally neither guaranteed by the U.S.
Treasury nor backed by the full faith and credit of the U.S. government.
5 Securities with a value of $41,887,000 have been segregated as initial margin for open futures contracts.
REIT—Real Estate Investment Trust.

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

 

500 Index Fund

quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

B. Various inputs may be used to determine the value of the fund's investments. 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).

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 205,735,666 — —
Temporary Cash Investments 962,240 49,987 —
Futures Contracts—Liabilities1 (6,664) — —
Total 206,691,242 49,987 —
1 Represents variation margin on the last day of the reporting period.

 

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

 

500 Index Fund

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

      ($000)
      Aggregate  
    Number of Settlement Unrealized
    Long (Short) Value Long Appreciation
Futures Contracts Expiration Contracts (Short) (Depreciation) 
S&P 500 Index June 2015 1,616 832,563 5,679
E-mini S&P 500 Index June 2015 925 95,312 313
        5,992

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.

D. At March 31, 2015, the cost of investment securities for tax purposes was $118,615,010,000. Net unrealized appreciation of investment securities for tax purposes was $88,132,883,000, consisting of unrealized gains of $91,417,709,000 on securities that had risen in value since their purchase and $3,284,826,000 in unrealized losses on securities that had fallen in value since their purchase.


Vanguard Extended Market Index Fund

Schedule of Investments
As of March 31, 2015

      Market
      Value
    Shares ($000)
Common Stocks (99.6%)1    
Consumer Discretionary (16.1%)    
* Liberty Global plc 6,293,330 313,471
  Las Vegas Sands Corp. 3,602,050 198,257
*,^ Tesla Motors Inc. 952,716 179,844
* Charter Communications Inc. Class A 812,760 156,952
* DISH Network Corp. Class A 2,091,761 146,549
* Hilton Worldwide Holdings Inc. 4,085,760 121,020
* TRW Automotive Holdings Corp. 1,093,054 114,607
  Signet Jewelers Ltd. 791,541 109,858
  Advance Auto Parts Inc. 720,048 107,784
* Liberty Global plc Class A 2,023,896 104,170
  Autoliv Inc. 870,283 102,493
* Sirius XM Holdings Inc. 25,774,062 98,457
* Ulta Salon Cosmetics & Fragrance Inc. 633,532 95,568
* Jarden Corp. 1,768,579 93,558
  Foot Locker Inc. 1,402,943 88,385
  Polaris Industries Inc. 603,077 85,094
  Lear Corp. 765,419 84,824
* LKQ Corp. 2,991,811 76,471
* Liberty Media Corp. 1,974,019 75,408
* MGM Resorts International 3,535,123 74,344
  Williams-Sonoma Inc. 845,740 67,414
* lululemon athletica Inc. 1,030,207 65,954
* Toll Brothers Inc. 1,567,936 61,683
  Dick's Sporting Goods Inc. 968,160 55,175
  Domino's Pizza Inc. 541,725 54,470
* Norwegian Cruise Line Holdings Ltd. 986,882 53,301
  Gentex Corp. 2,885,365 52,802
  Tribune Media Co. Class A 860,540 52,329
  Service Corp. International 1,990,468 51,852
  Aramark 1,619,800 51,234
* NVR Inc. 38,347 50,950
* Madison Square Garden Co. Class A 596,919 50,529
  Carter's Inc. 519,445 48,033
  Brunswick Corp. 918,559 47,260
  Cinemark Holdings Inc. 1,024,716 46,184
  Graham Holdings Co. Class B 43,486 45,644
  Dunkin' Brands Group Inc. 958,335 45,578
* AMC Networks Inc. Class A 583,567 44,725
* Office Depot Inc. 4,785,771 44,029
  GNC Holdings Inc. Class A 875,249 42,948
* Sally Beauty Holdings Inc. 1,245,129 42,795
  International Game Technology 2,443,424 42,540
  Six Flags Entertainment Corp. 869,779 42,106
* Visteon Corp. 434,940 41,928
* Kate Spade & Co. 1,254,464 41,887
* Panera Bread Co. Class A 251,946 40,310
  Brinker International Inc. 628,549 38,693
* Liberty Media Corp. Class A 979,567 37,762
  Vail Resorts Inc. 356,857 36,906

 

 

  Jack in the Box Inc. 381,239 36,568
* Liberty Broadband Corp. 643,226 36,407
* Live Nation Entertainment Inc. 1,433,008 36,155
  Cracker Barrel Old Country Store Inc. 236,346 35,958
* Burlington Stores Inc. 596,571 35,448
  Dana Holding Corp. 1,664,314 35,217
* Restoration Hardware Holdings Inc. 353,049 35,019
* Tempur Sealy International Inc. 599,830 34,634
* Tenneco Inc. 598,962 34,392
  Tupperware Brands Corp. 495,955 34,231
* Buffalo Wild Wings Inc. 187,229 33,933
* Hyatt Hotels Corp. Class A 569,717 33,739
  CST Brands Inc. 766,406 33,592
  Wolverine World Wide Inc. 994,423 33,263
  Dillard's Inc. Class A 242,447 33,096
* Murphy USA Inc. 424,238 30,702
  Bloomin' Brands Inc. 1,238,954 30,144
* Groupon Inc. Class A 4,142,025 29,864
  Pool Corp. 425,368 29,674
  Wendy's Co. 2,711,222 29,552
  American Eagle Outfitters Inc. 1,722,380 29,418
  Thor Industries Inc. 459,218 29,027
* Skechers U.S.A. Inc. Class A 402,648 28,954
* Starz 834,483 28,715
  John Wiley & Sons Inc. Class A 463,446 28,335
  Lions Gate Entertainment Corp. 812,564 27,562
* Vista Outdoor Inc. 631,254 27,030
  Chico's FAS Inc. 1,497,024 26,482
* Cabela's Inc. 469,207 26,266
  Sotheby's 606,574 25,634
  DSW Inc. Class A 689,728 25,437
* Houghton Mifflin Harcourt Co. 1,082,096 25,408
*,^ JC Penney Co. Inc. 3,008,430 25,301
  Big Lots Inc. 525,242 25,227
* Life Time Fitness Inc. 352,652 25,024
* Deckers Outdoor Corp. 340,450 24,809
  Time Inc. 1,073,356 24,086
* ServiceMaster Global Holdings Inc. 713,049 24,065
  Men's Wearhouse Inc. 448,043 23,388
* Asbury Automotive Group Inc. 280,934 23,346
  Cooper Tire & Rubber Co. 540,014 23,134
  Marriott Vacations Worldwide Corp. 280,369 22,724
  Texas Roadhouse Inc. Class A 618,312 22,525
  Lithia Motors Inc. Class A 225,160 22,383
  Sinclair Broadcast Group Inc. Class A 711,973 22,363
* TRI Pointe Homes Inc. 1,445,031 22,297
  Cheesecake Factory Inc. 449,252 22,162
  Ryland Group Inc. 451,180 21,991
  Choice Hotels International Inc. 342,331 21,933
  HSN Inc. 320,798 21,888
  Penske Automotive Group Inc. 422,328 21,746
* Liberty TripAdvisor Holdings Inc. Class A 679,631 21,605
* Helen of Troy Ltd. 264,548 21,558
* Pinnacle Entertainment Inc. 589,801 21,286
* Steven Madden Ltd. 557,091 21,169
* G-III Apparel Group Ltd. 187,379 21,108
*,^ Sears Holdings Corp. 493,890 20,437

 

 

  Monro Muffler Brake Inc. 309,501 20,133
* Grand Canyon Education Inc. 461,494 19,983
  Meredith Corp. 356,001 19,854
* American Axle & Manufacturing Holdings Inc. 737,150 19,041
* Five Below Inc. 533,003 18,959
* Ascena Retail Group Inc. 1,293,728 18,772
  DeVry Education Group Inc. 561,793 18,741
* Bright Horizons Family Solutions Inc. 360,280 18,472
* ANN Inc. 449,267 18,433
  Group 1 Automotive Inc. 209,997 18,129
* Select Comfort Corp. 523,734 18,053
  Aaron's Inc. 637,231 18,040
  Papa John's International Inc. 291,644 18,027
  New York Times Co. Class A 1,302,132 17,917
* Apollo Education Group Inc. 944,622 17,872
  Regal Entertainment Group Class A 781,289 17,845
* La Quinta Holdings Inc. 751,959 17,806
* Gentherm Inc. 350,338 17,696
* Meritage Homes Corp. 363,284 17,670
  DineEquity Inc. 163,215 17,466
* Shutterfly Inc. 383,983 17,371
  Nexstar Broadcasting Group Inc. Class A 302,782 17,325
*,^ DreamWorks Animation SKG Inc. Class A 713,884 17,276
* Genesco Inc. 237,007 16,882
* Diamond Resorts International Inc. 491,571 16,433
  Columbia Sportswear Co. 269,323 16,402
* Fiesta Restaurant Group Inc. 263,216 16,056
* Iconix Brand Group Inc. 468,968 15,790
  Sonic Corp. 491,362 15,576
  Abercrombie & Fitch Co. 699,203 15,410
* Dorman Products Inc. 304,798 15,164
  Morningstar Inc. 198,883 14,898
  La-Z-Boy Inc. 520,461 14,630
  Core-Mark Holding Co. Inc. 224,774 14,457
* Tumi Holdings Inc. 584,773 14,304
  Rent-A-Center Inc. 521,218 14,302
  Drew Industries Inc. 230,898 14,209
  Brown Shoe Co. Inc. 430,544 14,122
^ Buckle Inc. 275,711 14,086
  KB Home 886,017 13,840
* Popeyes Louisiana Kitchen Inc. 230,837 13,809
  Churchill Downs Inc. 119,764 13,769
* Express Inc. 831,490 13,745
* Liberty Broadband Corp. Class A 243,020 13,726
* Standard Pacific Corp. 1,478,319 13,305
  Children's Place Inc. 206,882 13,280
* Media General Inc. 786,199 12,964
  SeaWorld Entertainment Inc. 666,891 12,858
* Krispy Kreme Doughnuts Inc. 627,947 12,553
* Michaels Cos. Inc. 462,979 12,528
* Vitamin Shoppe Inc. 303,565 12,504
  Pier 1 Imports Inc. 892,883 12,482
  Outerwall Inc. 186,603 12,338
* Hibbett Sports Inc. 246,253 12,081
* Red Robin Gourmet Burgers Inc. 138,159 12,020
*,^ GoPro Inc. Class A 272,326 11,822
  Guess? Inc. 628,856 11,690

 

 

  Finish Line Inc. Class A 469,446 11,511
  MDC Holdings Inc. 381,354 10,869
* Boyd Gaming Corp. 765,343 10,868
  Scholastic Corp. 264,663 10,835
  Oxford Industries Inc. 143,413 10,820
* Penn National Gaming Inc. 685,689 10,738
* BJ's Restaurants Inc. 211,131 10,652
  Bob Evans Farms Inc. 230,130 10,646
  Interval Leisure Group Inc. 403,723 10,582
  Extended Stay America Inc. 535,563 10,460
* LifeLock Inc. 740,489 10,448
* Belmond Ltd. Class A 843,065 10,353
* Orbitz Worldwide Inc. 885,093 10,320
*,^ Mattress Firm Holding Corp. 147,276 10,256
  Cato Corp. Class A 253,325 10,032
* Barnes & Noble Inc. 416,993 9,904
* Crocs Inc. 818,325 9,664
* Zumiez Inc. 238,692 9,607
*,^ iRobot Corp. 292,252 9,536
  Sturm Ruger & Co. Inc. 189,756 9,418
* Denny's Corp. 820,329 9,352
  International Speedway Corp. Class A 280,914 9,161
  National CineMedia Inc. 602,509 9,098
  New Media Investment Group Inc. 372,296 8,909
  Standard Motor Products Inc. 210,486 8,895
* Loral Space & Communications Inc. 129,573 8,868
* Universal Electronics Inc. 155,768 8,792
* Regis Corp. 536,159 8,772
  Libbey Inc. 219,154 8,746
* Biglari Holdings Inc. 21,025 8,706
* Cooper-Standard Holding Inc. 145,141 8,592
  Capella Education Co. 130,353 8,457
* Francesca's Holdings Corp. 471,469 8,392
  Sonic Automotive Inc. Class A 329,681 8,209
*,^ Lumber Liquidators Holdings Inc. 266,243 8,195
  Stage Stores Inc. 353,474 8,102
* Carmike Cinemas Inc. 238,295 8,007
* EW Scripps Co. Class A 275,778 7,843
  Ethan Allen Interiors Inc. 283,748 7,843
*,^ Conn's Inc. 250,537 7,586
* Smith & Wesson Holding Corp. 573,833 7,305
*,^ Rentrak Corp. 131,465 7,304
  Fred's Inc. Class A 422,512 7,221
* Unifi Inc. 196,465 7,090
  Callaway Golf Co. 741,440 7,066
* Steiner Leisure Ltd. 147,169 6,976
* Journal Communications Inc. Class A 460,193 6,820
* Strayer Education Inc. 127,543 6,812
  Nutrisystem Inc. 338,693 6,767
* Tuesday Morning Corp. 419,909 6,761
* Modine Manufacturing Co. 496,758 6,691
  Remy International Inc. 301,109 6,688
* Global Eagle Entertainment Inc. 501,955 6,681
* Taylor Morrison Home Corp. Class A 313,702 6,541
  Winnebago Industries Inc. 303,484 6,452
* Gray Television Inc. 455,271 6,292
* MarineMax Inc. 235,444 6,242

 

 

  AMC Entertainment Holdings Inc. 174,146 6,180
  Ruth's Hospitality Group Inc. 383,791 6,095
* FTD Cos. Inc. 197,746 5,921
* M/I Homes Inc. 241,558 5,759
* American Public Education Inc. 191,641 5,745
* Beazer Homes USA Inc. 317,793 5,631
  Movado Group Inc. 195,462 5,575
* Pep Boys-Manny Moe & Jack 570,734 5,490
*,^ Scientific Games Corp. Class A 510,441 5,344
  Arctic Cat Inc. 147,056 5,341
* Overstock.com Inc. 219,427 5,315
* Tower International Inc. 196,932 5,238
* Ascent Capital Group Inc. Class A 131,493 5,235
* Cavco Industries Inc. 69,488 5,216
  Haverty Furniture Cos. Inc. 206,323 5,133
*,^ Zoe's Kitchen Inc. 153,546 5,112
* Lands' End Inc. 140,119 5,027
* Federal-Mogul Holdings Corp. 367,512 4,892
^ World Wrestling Entertainment Inc. Class A 348,077 4,877
^ PetMed Express Inc. 291,397 4,814
  Superior Industries International Inc. 253,529 4,799
  ClubCorp Holdings Inc. 246,103 4,765
* Motorcar Parts of America Inc. 167,276 4,649
  Clear Channel Outdoor Holdings Inc. Class A 454,354 4,598
* Blue Nile Inc. 143,867 4,581
  Speedway Motorsports Inc. 196,402 4,468
^ Travelport Worldwide Ltd. 267,397 4,466
*,^ Caesars Entertainment Corp. 423,831 4,463
* Hovnanian Enterprises Inc. Class A 1,242,049 4,422
* Del Frisco's Restaurant Group Inc. 219,200 4,417
* K12 Inc. 279,137 4,388
  Marcus Corp. 204,592 4,356
* America's Car-Mart Inc. 77,272 4,192
* Nautilus Inc. 274,144 4,186
* Citi Trends Inc. 153,103 4,134
  Harte-Hanks Inc. 522,708 4,077
  Entravision Communications Corp. Class A 637,783 4,037
  Shoe Carnival Inc. 135,219 3,981
* Ruby Tuesday Inc. 660,087 3,967
* Vera Bradley Inc. 234,026 3,798
* William Lyon Homes Class A 146,766 3,789
  NACCO Industries Inc. Class A 70,511 3,736
  Strattec Security Corp. 50,476 3,727
* Kirkland's Inc. 155,873 3,702
*,^ Chegg Inc. 446,661 3,551
  Stein Mart Inc. 279,137 3,475
* Chuy's Holdings Inc. 153,923 3,468
  Tribune Publishing Co. 174,330 3,382
*,^ Tile Shop Holdings Inc. 275,727 3,339
* Career Education Corp. 661,827 3,329
*,^ El Pollo Loco Holdings Inc. 128,821 3,299
  Bassett Furniture Industries Inc. 113,825 3,246
  Big 5 Sporting Goods Corp. 240,539 3,192
*,^ Wayfair Inc. 98,467 3,163
* Morgans Hotel Group Co. 400,974 3,108
* Famous Dave's of America Inc. 105,294 3,001
  Carriage Services Inc. Class A 124,355 2,968

 

 

* Cumulus Media Inc. Class A 1,193,959 2,949
* Vince Holding Corp. 155,348 2,882
* Aeropostale Inc. 810,118 2,811
  Collectors Universe Inc. 124,595 2,811
* Isle of Capri Casinos Inc. 200,053 2,811
* Stoneridge Inc. 241,192 2,723
* Dave & Buster's Entertainment Inc. 88,861 2,707
* 1-800-Flowers.com Inc. Class A 225,149 2,664
* VOXX International Corp. Class A 287,757 2,636
* Jamba Inc. 176,103 2,590
  Marine Products Corp. 298,108 2,555
* Perry Ellis International Inc. 109,373 2,533
* EVINE Live Inc. 374,589 2,513
  Saga Communications Inc. Class A 56,022 2,495
* Quiksilver Inc. 1,324,890 2,451
*,^ Container Store Group Inc. 127,938 2,437
* ZAGG Inc. 279,858 2,426
* Carrols Restaurant Group Inc. 287,804 2,386
  Culp Inc. 88,872 2,377
* zulily Inc. Class A 174,000 2,260
* Malibu Boats Inc. Class A 96,777 2,260
* Bravo Brio Restaurant Group Inc. 153,697 2,258
  AH Belo Corp. Class A 272,851 2,246
  Destination Maternity Corp. 147,233 2,217
  Universal Technical Institute Inc. 228,731 2,196
* Kona Grill Inc. 75,820 2,155
* Entercom Communications Corp. Class A 175,919 2,137
*,^ Noodles & Co. Class A 121,711 2,123
* Sizmek Inc. 292,116 2,121
  Cherokee Inc. 108,760 2,119
  CSS Industries Inc. 69,307 2,090
* Installed Building Products Inc. 95,091 2,069
*,^ Sequential Brands Group Inc. 191,483 2,049
  Spartan Motors Inc. 419,096 2,033
* Fuel Systems Solutions Inc. 183,161 2,022
*,^ Weight Watchers International Inc. 285,583 1,996
* Build-A-Bear Workshop Inc. 100,219 1,969
* Potbelly Corp. 142,090 1,947
  Rocky Brands Inc. 89,784 1,939
  Escalade Inc. 110,736 1,925
* 2U Inc. 74,748 1,912
* Fox Factory Holding Corp. 124,373 1,908
* Christopher & Banks Corp. 339,393 1,887
  Hooker Furniture Corp. 99,040 1,887
* LGI Homes Inc. 113,201 1,886
* Skullcandy Inc. 166,363 1,880
  Flexsteel Industries Inc. 59,627 1,866
* Black Diamond Inc. 195,045 1,843
*,^ JAKKS Pacific Inc. 254,479 1,741
* Central European Media Enterprises Ltd. Class A 643,471 1,712
* Martha Stewart Living Omnimedia Inc. Class A 260,338 1,692
  Lifetime Brands Inc. 110,561 1,689
* Crown Media Holdings Inc. Class A 404,797 1,619
* Monarch Casino & Resort Inc. 84,480 1,617
*,^ SFX Entertainment Inc. 392,055 1,603
* Destination XL Group Inc. 318,934 1,576
  Winmark Corp. 17,886 1,566

 

 

  Weyco Group Inc. 52,112 1,558
* Lee Enterprises Inc. 485,573 1,539
* Green Brick Partners Inc. 185,085 1,532
  Tandy Leather Factory Inc. 173,075 1,527
* Tilly's Inc. Class A 97,174 1,521
* Gaiam Inc. Class A 201,271 1,467
  Nathan's Famous Inc. 26,975 1,461
  Town Sports International Holdings Inc. 214,302 1,459
* WCI Communities Inc. 57,867 1,386
* Bridgepoint Education Inc. 141,997 1,370
  bebe stores inc 372,084 1,351
*,^ ITT Educational Services Inc. 189,008 1,283
* West Marine Inc. 133,728 1,240
* LeapFrog Enterprises Inc. 566,754 1,236
* Dixie Group Inc. 134,974 1,222
  Ark Restaurants Corp. 47,000 1,171
* Reading International Inc. Class A 85,580 1,151
*,^ Papa Murphy's Holdings Inc. 61,135 1,109
* McClatchy Co. Class A 599,191 1,103
* Cinedigm Corp. Class A 657,902 1,066
* Systemax Inc. 86,914 1,062
* Eldorado Resorts Inc. 201,414 1,013
* Blyth Inc. 132,133 1,003
  Superior Uniform Group Inc. 52,742 1,001
* RCI Hospitality Holdings Inc. 94,602 985
* hhgregg Inc. 159,657 979
* Sportsman's Warehouse Holdings Inc. 122,110 976
* Century Casinos Inc. 177,478 967
* Boot Barn Holdings Inc. 39,832 953
* Luby's Inc. 176,282 915
* Rave Restaurant Group Inc. 64,290 897
  Johnson Outdoors Inc. Class A 26,988 894
  Frisch's Restaurants Inc. 32,865 892
* Shiloh Industries Inc. 63,157 887
* Insignia Systems Inc. 291,212 874
* Ballantyne Strong Inc. 189,702 859
* Radio One Inc. 277,512 855
* Pacific Sunwear of California Inc. 303,736 838
* Intrawest Resorts Holdings Inc. 95,371 832
* Red Lion Hotels Corp. 124,196 828
* Gaming Partners International Corp. 74,766 804
* Cosi Inc. 290,179 772
^ Bon-Ton Stores Inc. 109,854 765
* Sears Hometown and Outlet Stores Inc. 97,424 752
*,^ American Apparel Inc. 1,056,873 741
* Trans World Entertainment Corp. 195,751 724
* Emmis Communications Corp. Class A 348,385 693
* Ambassadors Group Inc. 269,686 682
* Gordmans Stores Inc. 81,235 674
  Beasley Broadcast Group Inc. Class A 131,564 672
* Delta Apparel Inc. 53,169 654
*,^ Quantum Fuel Systems Technologies Worldwide Inc. 235,525 629
* Lakes Entertainment Inc. 69,306 594
  Dover Motorsports Inc. 244,223 579
* Empire Resorts Inc. 125,051 575
* New York & Co. Inc. 217,414 544
  Lincoln Educational Services Corp. 221,172 504

 

 

*,^ Shake Shack Inc. Class A 9,890 495
* Lakeland Industries Inc. 55,051 493
* Dex Media Inc. 111,432 467
* Liberty Tax Inc. 16,748 466
* Century Communities Inc. 23,230 449
*,^ UQM Technologies Inc. 349,913 385
* Cambium Learning Group Inc. 117,787 372
* Summer Infant Inc. 135,595 366
* Perfumania Holdings Inc. 64,749 354
* Full House Resorts Inc. 227,501 344
* ReachLocal Inc. 116,610 339
  Emerson Radio Corp. 246,030 322
* Geeknet Inc. 39,690 317
*,^ YOU On Demand Holdings Inc. 139,876 298
* Spanish Broadcasting System Inc. 73,134 294
* Dover Downs Gaming & Entertainment Inc. 247,196 289
* Ignite Restaurant Group Inc. 59,497 289
* UCP Inc. 32,643 284
* Books-A-Million Inc. 101,558 278
* Stanley Furniture Co. Inc. 76,292 240
* Daily Journal Corp. 1,300 238
*,^ Clean Diesel Technologies Inc. 124,044 226
* Learning Tree International Inc. 143,163 221
* Charles & Colvard Ltd. 182,786 214
* Good Times Restaurants Inc. 28,372 204
* New Home Co. Inc. 12,690 202
* Skyline Corp. 56,914 198
  Sypris Solutions Inc. 86,675 195
* Turtle Beach Corp. 102,129 190
  Salem Media Group Inc. Class A 29,071 179
* Townsquare Media Inc. Class A 12,809 165
* Nova Lifestyle Inc. 58,790 147
* CafePress Inc. 37,483 146
* Forward Industries Inc. 190,865 145
* Joe's Jeans Inc. 631,067 134
* NTN Buzztime Inc. 287,989 121
*,^ EveryWare Global Inc. 98,550 118
*,^ Comstock Holding Cos. Inc. Class A 122,728 113
* Hemisphere Media Group Inc. 6,626 84
* US Auto Parts Network Inc. 36,063 78
* Premier Exhibitions Inc. 18,519 68
  Metaldyne Performance Group Inc. 3,641 66
* Appliance Recycling Centers of America Inc. 24,098 49
* SPAR Group Inc. 33,227 48
* Nevada Gold & Casinos Inc. 30,913 45
  Flanigan's Enterprises Inc. 1,352 43
* Diversified Restaurant Holdings Inc. 6,700 28
* AG&E Holdings Inc. 29,185 23
* Entertainment Gaming Asia Inc. 5,677 10
  AMCON Distributing Co. 100 8
* DGSE Cos. Inc. 1,051 2
* Here Media Inc. 12,670 —
      7,223,615
Consumer Staples (3.2%)    
  Bunge Ltd. 1,432,824 118,007
  Church & Dwight Co. Inc. 1,280,889 109,414
  Energizer Holdings Inc. 612,622 84,572

 

 

* Rite Aid Corp. 9,007,037 78,271
* WhiteWave Foods Co. Class A 1,721,752 76,343
* Hain Celestial Group Inc. 992,702 63,583
  Ingredion Inc. 709,192 55,189
* Sprouts Farmers Market Inc. 1,401,940 49,390
  Pinnacle Foods Inc. 1,083,953 44,236
  Flowers Foods Inc. 1,814,958 41,272
* United Natural Foods Inc. 492,652 37,954
* TreeHouse Foods Inc. 417,258 35,475
  Nu Skin Enterprises Inc. Class A 584,334 35,183
  Casey's General Stores Inc. 381,537 34,377
  Avon Products Inc. 4,214,116 33,671
*,^ Herbalife Ltd. 667,286 28,533
* Post Holdings Inc. 505,888 23,696
* Boston Beer Co. Inc. Class A 87,929 23,512
* SUPERVALU Inc. 2,016,871 23,456
* Darling Ingredients Inc. 1,616,345 22,645
  Spectrum Brands Holdings Inc. 206,090 18,457
  Lancaster Colony Corp. 191,609 18,235
* Fresh Market Inc. 433,128 17,602
  PriceSmart Inc. 199,257 16,933
  Coty Inc. Class A 690,390 16,756
  Snyder's-Lance Inc. 512,456 16,378
^ Sanderson Farms Inc. 200,924 16,004
  Vector Group Ltd. 724,868 15,925
  J&J Snack Foods Corp. 147,016 15,687
  B&G Foods Inc. 526,943 15,508
  Dean Foods Co. 918,959 15,190
  Fresh Del Monte Produce Inc. 354,595 13,797
^ Pilgrim's Pride Corp. 610,009 13,780
* HRG Group Inc. 1,082,837 13,514
  WD-40 Co. 135,571 12,003
  SpartanNash Co. 372,113 11,744
  Cal-Maine Foods Inc. 296,902 11,597
* Seaboard Corp. 2,790 11,528
  Andersons Inc. 264,066 10,924
  Universal Corp. 227,829 10,744
  Tootsie Roll Industries Inc. 254,196 8,622
* Diamond Foods Inc. 251,391 8,188
  Calavo Growers Inc. 142,850 7,345
* USANA Health Sciences Inc. 64,159 7,129
* Revlon Inc. Class A 162,002 6,675
  Ingles Markets Inc. Class A 132,986 6,580
  Weis Markets Inc. 131,458 6,541
  Coca-Cola Bottling Co. Consolidated 55,323 6,255
* Central Garden and Pet Co. Class A 533,344 5,664
* Boulder Brands Inc. 590,036 5,623
  Inter Parfums Inc. 162,989 5,317
* Medifast Inc. 161,268 4,833
* National Beverage Corp. 185,980 4,540
* Diplomat Pharmacy Inc. 125,112 4,326
*,^ Elizabeth Arden Inc. 261,261 4,076
  John B Sanfilippo & Son Inc. 92,666 3,994
* Chefs' Warehouse Inc. 169,148 3,794
* Landec Corp. 219,973 3,069
* Omega Protein Corp. 196,182 2,686
* Natural Grocers by Vitamin Cottage Inc. 86,157 2,379

 

 

* Seneca Foods Corp. Class A 74,339 2,216
* Smart & Final Stores Inc. 122,748 2,160
  MGP Ingredients Inc. 154,908 2,085
* Farmer Bros Co. 79,219 1,961
  Alico Inc. 37,462 1,920
* Lifeway Foods Inc. 88,065 1,884
* Inventure Foods Inc. 167,814 1,878
  Oil-Dri Corp. of America 54,081 1,820
  Limoneira Co. 83,354 1,817
* Nutraceutical International Corp. 92,160 1,816
  Village Super Market Inc. Class A 53,923 1,695
  Orchids Paper Products Co. 60,619 1,634
* Rocky Mountain Chocolate Factory Inc. 111,705 1,550
* Roundy's Inc. 314,357 1,537
*,^ Fairway Group Holdings Corp. 174,171 1,179
* Craft Brew Alliance Inc. 81,677 1,114
* Alliance One International Inc. 980,166 1,078
  United-Guardian Inc. 56,614 1,072
  Nature's Sunshine Products Inc. 68,274 896
* Synutra International Inc. 124,300 796
  Liberator Medical Holdings Inc. 207,938 728
*,^ S&W Seed Co. 155,550 719
* Lifevantage Corp. 856,685 677
* Natural Alternatives International Inc. 112,367 616
  Female Health Co. 204,487 579
* Castle Brands Inc. 393,383 551
* Primo Water Corp. 76,704 401
*,^ Freshpet Inc. 15,413 300
* 22nd Century Group Inc. 260,932 224
* Reed's Inc. 31,178 174
* Mannatech Inc. 9,204 171
*,^ Rock Creek Pharmaceuticals Inc. 1,507,161 154
* Coffee Holding Co. Inc. 20,810 101
* RiceBran Technologies 20,529 82
*,^ Vapor Corp. 65,077 66
* Reliv International Inc. 44,259 50
* Crystal Rock Holdings Inc. 42,584 31
* Ocean Bio-Chem Inc. 1,200 5
* Tofutti Brands Inc. 500 2
      1,456,460
Energy (4.5%)    
* Cheniere Energy Inc. 2,160,531 167,225
* Concho Resources Inc. 1,176,480 136,378
* Weatherford International plc 7,651,483 94,113
  HollyFrontier Corp. 1,934,676 77,909
* Dresser-Rand Group Inc. 760,048 61,070
* Whiting Petroleum Corp. 1,858,287 57,421
  Oceaneering International Inc. 985,791 53,164
  Energen Corp. 723,931 47,779
  Targa Resources Corp. 474,840 45,485
  Core Laboratories NV 432,016 45,141
* Diamondback Energy Inc. 577,616 44,384
  World Fuel Services Corp. 713,400 41,006
* Gulfport Energy Corp. 843,761 38,737
  Nabors Industries Ltd. 2,806,198 38,305
* Continental Resources Inc. 845,474 36,922
  SemGroup Corp. Class A 423,779 34,470

 

 

  SM Energy Co. 665,672 34,402
  Western Refining Inc. 693,772 34,265
  Superior Energy Services Inc. 1,500,780 33,527
  PBF Energy Inc. Class A 826,983 28,051
* Cobalt International Energy Inc. 2,945,565 27,718
  Patterson-UTI Energy Inc. 1,438,536 27,009
* Dril-Quip Inc. 390,989 26,740
  Denbury Resources Inc. 3,424,300 24,963
*,^ Ultra Petroleum Corp. 1,517,008 23,711
  California Resources Corp. 3,012,422 22,925
* Carrizo Oil & Gas Inc. 458,355 22,757
  Exterran Holdings Inc. 674,852 22,655
* WPX Energy Inc. 1,996,262 21,819
  Rowan Cos. plc Class A 1,229,170 21,769
* PDC Energy Inc. 387,450 20,938
* Oil States International Inc. 525,021 20,880
  Delek US Holdings Inc. 501,664 19,941
* Antero Resources Corp. 544,104 19,218
  Bristow Group Inc. 347,942 18,945
^ US Silica Holdings Inc. 529,376 18,851
*,^ Oasis Petroleum Inc. 1,323,671 18,823
  Atwood Oceanics Inc. 588,196 16,534
* Laredo Petroleum Inc. 1,163,367 15,170
* Matador Resources Co. 664,201 14,559
* Helix Energy Solutions Group Inc. 966,847 14,464
* Rice Energy Inc. 644,473 14,024
^ Peabody Energy Corp. 2,673,067 13,152
* Memorial Resource Development Corp. 725,823 12,876
* Unit Corp. 453,288 12,683
* Forum Energy Technologies Inc. 644,382 12,630
* Rosetta Resources Inc. 726,637 12,367
* SEACOR Holdings Inc. 175,929 12,257
* RSP Permian Inc. 466,656 11,755
* Synergy Resources Corp. 868,746 10,295
  Green Plains Inc. 335,125 9,568
* Bonanza Creek Energy Inc. 370,389 9,134
* McDermott International Inc. 2,357,905 9,054
^ Tidewater Inc. 464,384 8,888
* Kosmos Energy Ltd. 1,087,667 8,603
* Parsley Energy Inc. Class A 516,987 8,261
* Stone Energy Corp. 551,225 8,092
  RPC Inc. 609,301 7,805
* Newpark Resources Inc. 855,078 7,790
  CVR Energy Inc. 165,432 7,041
*,^ SandRidge Energy Inc. 3,886,246 6,918
*,^ Sanchez Energy Corp. 509,091 6,623
  Frank's International NV 342,449 6,404
* Hornbeck Offshore Services Inc. 318,040 5,982
^ CARBO Ceramics Inc. 191,411 5,840
* C&J Energy Services Ltd. 458,351 5,101
*,^ Magnum Hunter Resources Corp. 1,880,188 5,020
* TETRA Technologies Inc. 800,449 4,947
* Matrix Service Co. 268,210 4,710
* Penn Virginia Corp. 713,935 4,626
* Parker Drilling Co. 1,273,120 4,443
*,^ Northern Oil and Gas Inc. 573,110 4,419
* Westmoreland Coal Co. 154,554 4,136

 

 

* Bill Barrett Corp. 490,457 4,071
  Alon USA Energy Inc. 244,624 4,053
  Tesco Corp. 352,637 4,009
* Era Group Inc. 188,623 3,931
*,^ Halcon Resources Corp. 2,512,626 3,869
* Callon Petroleum Co. 517,273 3,864
*,^ Clean Energy Fuels Corp. 713,253 3,805
*,^ Triangle Petroleum Corp. 734,727 3,696
*,^ EP Energy Corp. Class A 351,411 3,683
* Abraxas Petroleum Corp. 1,118,352 3,635
* Cloud Peak Energy Inc. 611,332 3,558
* Par Petroleum Corp. 150,746 3,499
* Pioneer Energy Services Corp. 638,269 3,459
* Contango Oil & Gas Co. 156,727 3,448
* Clayton Williams Energy Inc. 68,095 3,448
* RigNet Inc. 119,586 3,419
  Gulfmark Offshore Inc. 261,510 3,410
^ Energy XXI Ltd. 927,093 3,375
^ EXCO Resources Inc. 1,720,905 3,149
* REX American Resources Corp. 49,705 3,023
* ION Geophysical Corp. 1,307,822 2,838
  Panhandle Oil and Gas Inc. Class A 133,852 2,649
* Renewable Energy Group Inc. 285,290 2,630
  Gulf Island Fabrication Inc. 169,074 2,512
*,^ Pacific Ethanol Inc. 232,284 2,506
* Basic Energy Services Inc. 349,793 2,424
* Key Energy Services Inc. 1,324,534 2,411
*,^ Approach Resources Inc. 358,860 2,365
* PHI Inc. 75,566 2,248
*,^ Alpha Natural Resources Inc. 2,236,312 2,236
* Geospace Technologies Corp. 134,449 2,220
*,^ Arch Coal Inc. 2,157,825 2,158
* Eclipse Resources Corp. 377,787 2,123
  W&T Offshore Inc. 376,492 1,924
* Natural Gas Services Group Inc. 99,442 1,911
*,^ Solazyme Inc. 644,556 1,843
*,^ FMSA Holdings Inc. 250,005 1,810
*,^ Rex Energy Corp. 472,761 1,759
* Ring Energy Inc. 165,584 1,759
* Willbros Group Inc. 518,166 1,715
* Gastar Exploration Inc. 653,017 1,711
*,^ Goodrich Petroleum Corp. 458,654 1,628
^ Comstock Resources Inc. 443,090 1,582
* Seventy Seven Energy Inc. 374,478 1,554
* VAALCO Energy Inc. 607,215 1,488
* PetroQuest Energy Inc. 618,801 1,423
  Adams Resources & Energy Inc. 19,805 1,331
  Evolution Petroleum Corp. 218,440 1,300
*,^ Uranium Energy Corp. 824,330 1,237
* PHI Inc. 40,295 1,212
* Jones Energy Inc. Class A 128,151 1,151
  Hallador Energy Co. 97,070 1,135
^ Paragon Offshore plc 842,236 1,095
*,^ Swift Energy Co. 470,444 1,016
*,^ CAMAC Energy Inc. 1,835,922 955
* Isramco Inc. 7,245 911
  Dawson Geophysical Co. 207,472 886

 

 

*,^ Amyris Inc. 340,460 817
* Warren Resources Inc. 804,808 716
*,^ Hercules Offshore Inc. 1,702,577 714
* FX Energy Inc. 540,114 675
* Vantage Drilling Co. 2,023,496 663
* Mitcham Industries Inc. 143,591 661
*,^ Uranerz Energy Corp. 576,620 640
* TransAtlantic Petroleum Ltd. 119,502 638
*,^ Nuverra Environmental Solutions Inc. 163,060 581
*,^ Vertex Energy Inc. 135,213 500
*,^ Royale Energy Inc. 291,305 457
* CHC Group Ltd. 326,857 435
*,^ Emerald Oil Inc. 570,641 422
* Synthesis Energy Systems Inc. 398,574 415
*,^ Zion Oil & Gas Inc. 234,790 409
* Resolute Energy Corp. 721,222 406
*,^ Glori Energy Inc. 167,794 357
* US Energy Corp. Wyoming 289,313 327
*,^ Midstates Petroleum Co. Inc. 358,732 305
*,^ Uranium Resources Inc. 204,442 272
*,^ Miller Energy Resources Inc. 411,806 257
*,^ Gevo Inc. 1,167,017 235
^ ZaZa Energy Corp. 138,805 226
* Profire Energy Inc. 155,213 210
* Harvest Natural Resources Inc. 468,144 209
* Magellan Petroleum Corp. 395,021 201
* PrimeEnergy Corp. 3,726 198
* Forbes Energy Services Ltd. 143,916 148
* Independence Contract Drilling Inc. 20,049 140
*,^ GreenHunter Resources Inc. 195,206 137
* Tengasco Inc. 558,194 127
* Barnwell Industries Inc. 46,909 112
* Lilis Energy Inc. 103,154 101
*,^ Saratoga Resources Inc. 501,406 100
* Aspen Aerogels Inc. 13,336 97
* Enservco Corp. 47,023 82
* Dakota Plains Holdings Inc. 40,705 75
* Ceres Inc. 216,292 71
* Earthstone Energy Inc. 3,000 71
* Aemetis Inc. 14,985 63
* Yuma Energy Inc. 57,243 58
*,^ Lucas Energy Inc. 250,303 55
* Escalera Resources Co. 116,717 41
* American Eagle Energy Corp. 203,102 37
* FieldPoint Petroleum Corp. 35,776 37
* PEDEVCO Corp. 40,105 33
* ENGlobal Corp. 18,000 30
*,^ Superior Drilling Products Inc. 4,028 12
* PostRock Energy Corp. 6,760 12
* FieldPoint Petroleum Corp. Warrants Exp 03/23/2017 33,558 4
* SAExploration Holdings Inc. 678 2
      2,007,238
Financials (23.5%)    
  Realty Income Corp. 2,196,986 113,364
* Markel Corp. 137,728 105,907
  TD Ameritrade Holding Corp. 2,684,947 100,041
  Federal Realty Investment Trust 676,546 99,594

 

 

Annaly Capital Management Inc. 9,334,600 97,080
Voya Financial Inc. 2,239,941 96,564
* Ally Financial Inc. 4,303,950 90,297
American Realty Capital Properties Inc. 8,970,457 88,359
Digital Realty Trust Inc. 1,334,879 88,049
UDR Inc. 2,517,805 85,681
Willis Group Holdings plc 1,750,502 84,339
* Arch Capital Group Ltd. 1,274,872 78,532
CIT Group Inc. 1,726,886 77,917
* Alleghany Corp. 158,891 77,380
Everest Re Group Ltd. 438,385 76,279
Arthur J Gallagher & Co. 1,615,698 75,534
Jones Lang LaSalle Inc. 440,948 75,138
American Capital Agency Corp. 3,483,156 74,296
Extra Space Storage Inc. 1,091,355 73,743
First Republic Bank 1,282,186 73,200
New York Community Bancorp Inc. 4,373,477 73,168
Duke Realty Corp. 3,360,943 73,168
Raymond James Financial Inc. 1,243,481 70,605
Alexandria Real Estate Equities Inc. 711,177 69,724
MSCI Inc. Class A 1,107,232 67,884
Lazard Ltd. Class A 1,277,049 67,160
Camden Property Trust 849,761 66,392
* Realogy Holdings Corp. 1,448,975 65,899
WP Carey Inc. 962,535 65,452
Kilroy Realty Corp. 847,217 64,533
* Signature Bank 495,979 64,269
* SVB Financial Group 502,440 63,830
Reinsurance Group of America Inc. Class A 678,191 63,201
Regency Centers Corp. 920,281 62,616
East West Bancorp Inc. 1,421,478 57,513
Mid-America Apartment Communities Inc. 740,775 57,240
SEI Investments Co. 1,288,653 56,817
* Howard Hughes Corp. 356,941 55,333
PartnerRe Ltd. 483,453 55,273
DDR Corp. 2,953,890 55,001
Omega Healthcare Investors Inc. 1,351,341 54,824
HCC Insurance Holdings Inc. 950,885 53,887
Starwood Property Trust Inc. 2,215,865 53,846
National Retail Properties Inc. 1,302,301 53,355
Liberty Property Trust 1,471,801 52,543
Axis Capital Holdings Ltd. 1,008,669 52,027
WR Berkley Corp. 1,001,933 50,608
Senior Housing Properties Trust 2,278,653 50,563
Hospitality Properties Trust 1,479,164 48,798
Eaton Vance Corp. 1,167,478 48,614
Taubman Centers Inc. 624,826 48,193
CBOE Holdings Inc. 833,153 47,827
Spirit Realty Capital Inc. 3,932,912 47,510
Lamar Advertising Co. Class A 797,622 47,275
American Campus Communities Inc. 1,099,686 47,144
American Financial Group Inc. 726,944 46,633
Corrections Corp. of America 1,153,407 46,436
RenaissanceRe Holdings Ltd. 454,392 45,317
^ NorthStar Realty Finance Corp. 2,488,969 45,100
PacWest Bancorp 956,802 44,864
BioMed Realty Trust Inc. 1,939,157 43,941

 

 

Citizens Financial Group Inc. 1,818,232 43,874
NorthStar Asset Management Group Inc. 1,863,049 43,484
Equity LifeStyle Properties Inc. 786,472 43,217
LaSalle Hotel Properties 1,096,666 42,616
* Forest City Enterprises Inc. Class A 1,661,125 42,392
City National Corp. 475,051 42,318
Highwoods Properties Inc. 900,501 41,225
Waddell & Reed Financial Inc. Class A 820,731 40,659
RLJ Lodging Trust 1,296,417 40,591
Assured Guaranty Ltd. 1,526,160 40,275
White Mountains Insurance Group Ltd. 58,806 40,254
Douglas Emmett Inc. 1,339,215 39,922
Outfront Media Inc. 1,333,770 39,906
Weingarten Realty Investors 1,104,973 39,757
Investors Bancorp Inc. 3,381,273 39,629
Home Properties Inc. 567,215 39,302
Two Harbors Investment Corp. 3,656,117 38,828
* SLM Corp. 4,181,278 38,802
CubeSmart 1,600,048 38,641
Brown & Brown Inc. 1,157,155 38,313
Allied World Assurance Co. Holdings AG 946,059 38,221
Brixmor Property Group Inc. 1,431,804 38,014
Synovus Financial Corp. 1,348,534 37,772
First American Financial Corp. 1,058,473 37,766
Retail Properties of America Inc. 2,346,910 37,621
* Synchrony Financial 1,239,434 37,617
Cullen/Frost Bankers Inc. 541,997 37,441
Umpqua Holdings Corp. 2,134,199 36,666
* Stifel Financial Corp. 652,137 36,357
Old Republic International Corp. 2,398,539 35,834
* Popular Inc. 1,020,857 35,107
Commerce Bancshares Inc. 826,702 34,986
CNO Financial Group Inc. 2,007,703 34,573
Validus Holdings Ltd. 817,770 34,428
Healthcare Trust of America Inc. Class A 1,227,522 34,199
* Equity Commonwealth 1,287,924 34,194
EPR Properties 565,232 33,931
Rayonier Inc. 1,254,820 33,830
Sunstone Hotel Investors Inc. 2,014,176 33,576
Columbia Property Trust Inc. 1,238,797 33,472
Tanger Factory Outlet Centers Inc. 947,814 33,335
CBL & Associates Properties Inc. 1,679,702 33,258
First Horizon National Corp. 2,323,138 33,198
Sun Communities Inc. 496,528 33,128
Gaming and Leisure Properties Inc. 894,576 32,983
BankUnited Inc. 1,004,330 32,882
LPL Financial Holdings Inc. 748,713 32,839
Webster Financial Corp. 884,469 32,770
Sovran Self Storage Inc. 348,692 32,756
* Strategic Hotels & Resorts Inc. 2,628,672 32,674
Pebblebrook Hotel Trust 701,314 32,660
* MGIC Investment Corp. 3,343,539 32,198
GEO Group Inc. 731,137 31,980
Federated Investors Inc. Class B 933,494 31,636
Chimera Investment Corp. 10,070,751 31,622
Hanover Insurance Group Inc. 434,865 31,563
Radian Group Inc. 1,876,112 31,500

 

 

FirstMerit Corp. 1,630,838 31,084
Prosperity Bancshares Inc. 591,470 31,040
First Niagara Financial Group Inc. 3,491,338 30,863
Ryman Hospitality Properties Inc. 500,849 30,507
MarketAxess Holdings Inc. 367,734 30,485
Post Properties Inc. 534,924 30,453
WP GLIMCHER Inc. 1,827,795 30,396
DCT Industrial Trust Inc. 869,121 30,124
Medical Properties Trust Inc. 2,000,473 29,487
Aspen Insurance Holdings Ltd. 614,970 29,045
MFA Financial Inc. 3,632,344 28,550
Piedmont Office Realty Trust Inc. Class A 1,525,507 28,390
StanCorp Financial Group Inc. 411,354 28,219
Colony Financial Inc. 1,087,073 28,177
Brandywine Realty Trust 1,754,008 28,029
Associated Banc-Corp 1,489,537 27,705
DiamondRock Hospitality Co. 1,936,414 27,362
Paramount Group Inc. 1,400,445 27,029
Healthcare Realty Trust Inc. 970,618 26,964
Endurance Specialty Holdings Ltd. 438,556 26,813
Corporate Office Properties Trust 910,433 26,749
Primerica Inc. 524,870 26,716
Bank of Hawaii Corp. 436,186 26,699
* PRA Group Inc. 490,839 26,662
TCF Financial Corp. 1,657,996 26,064
ProAssurance Corp. 564,110 25,898
Bank of the Ozarks Inc. 689,663 25,469
Janus Capital Group Inc. 1,442,049 24,789
PrivateBancorp Inc. 698,787 24,576
Susquehanna Bancshares Inc. 1,776,865 24,361
Hancock Holding Co. 796,823 23,793
American Homes 4 Rent Class A 1,431,003 23,683
United Bankshares Inc. 629,023 23,639
First Industrial Realty Trust Inc. 1,095,346 23,473
WisdomTree Investments Inc. 1,081,147 23,201
Santander Consumer USA Holdings Inc. 1,000,737 23,157
Kite Realty Group Trust 820,764 23,121
Acadia Realty Trust 662,470 23,107
National Health Investors Inc. 321,422 22,824
* Western Alliance Bancorp 766,338 22,714
Fulton Financial Corp. 1,834,341 22,636
Wintrust Financial Corp. 470,268 22,422
FNB Corp. 1,699,140 22,327
Symetra Financial Corp. 945,972 22,193
First Citizens BancShares Inc. Class A 85,060 22,089
Hudson Pacific Properties Inc. 663,852 22,033
* Texas Capital Bancshares Inc. 446,291 21,712
American Equity Investment Life Holding Co. 738,318 21,507
Financial Engines Inc. 511,529 21,397
Cousins Properties Inc. 2,016,180 21,372
DuPont Fabros Technology Inc. 645,628 21,099
Erie Indemnity Co. Class A 241,140 21,042
Cathay General Bancorp 738,336 21,006
Washington Federal Inc. 960,342 20,940
New Residential Investment Corp. 1,389,848 20,889
Equity One Inc. 778,252 20,772
IBERIABANK Corp. 329,021 20,738

 

 

Mercury General Corp. 355,312 20,519
Urban Edge Properties 862,920 20,451
Valley National Bancorp 2,160,294 20,393
Empire State Realty Trust Inc. 1,082,872 20,369
^ Lexington Realty Trust 2,065,959 20,308
Home BancShares Inc. 592,286 20,073
Kennedy-Wilson Holdings Inc. 764,366 19,981
UMB Financial Corp. 374,488 19,807
MB Financial Inc. 627,883 19,659
Interactive Brokers Group Inc. 577,420 19,644
BancorpSouth Inc. 844,591 19,611
Alexander & Baldwin Inc. 449,739 19,420
Chesapeake Lodging Trust 569,533 19,267
Kemper Corp. 492,241 19,178
Sabra Health Care REIT Inc. 575,215 19,068
RLI Corp. 361,938 18,969
EastGroup Properties Inc. 313,826 18,874
Invesco Mortgage Capital Inc. 1,208,917 18,774
Glacier Bancorp Inc. 741,118 18,639
Washington REIT 671,684 18,559
Chambers Street Properties 2,331,194 18,370
Evercore Partners Inc. Class A 350,173 18,090
First Financial Bankshares Inc. 638,677 17,653
AmTrust Financial Services Inc. 308,814 17,598
Hatteras Financial Corp. 964,632 17,518
Retail Opportunity Investments Corp. 930,728 17,032
* St. Joe Co. 907,000 16,834
Blackstone Mortgage Trust Inc. Class A 592,479 16,809
New York REIT Inc. 1,602,956 16,799
PS Business Parks Inc. 200,130 16,619
Education Realty Trust Inc. 469,625 16,615
Capitol Federal Financial Inc. 1,308,450 16,356
Potlatch Corp. 408,442 16,354
* Credit Acceptance Corp. 83,636 16,309
American Assets Trust Inc. 375,673 16,259
South State Corp. 237,488 16,242
Mack-Cali Realty Corp. 831,753 16,036
Selective Insurance Group Inc. 551,355 16,017
Trustmark Corp. 659,101 16,003
PennyMac Mortgage Investment Trust 744,244 15,845
Government Properties Income Trust 689,986 15,766
LTC Properties Inc. 342,308 15,746
Pennsylvania REIT 676,602 15,717
Columbia Banking System Inc. 539,774 15,637
BGC Partners Inc. Class A 1,650,509 15,597
CVB Financial Corp. 967,590 15,423
Artisan Partners Asset Management Inc. Class A 338,659 15,395
* Enstar Group Ltd. 106,038 15,043
International Bancshares Corp. 576,720 15,012
Old National Bancorp 1,051,829 14,925
Alexander's Inc. 32,660 14,912
STAG Industrial Inc. 633,242 14,894
National Penn Bancshares Inc. 1,377,643 14,837
* Hilltop Holdings Inc. 762,594 14,825
Redwood Trust Inc. 824,328 14,731
Pinnacle Financial Partners Inc. 328,048 14,585
Ramco-Gershenson Properties Trust 777,660 14,464

 

 

Parkway Properties Inc. 823,409 14,286
Community Bank System Inc. 402,720 14,252
Horace Mann Educators Corp. 416,458 14,243
CYS Investments Inc. 1,589,438 14,162
EverBank Financial Corp. 781,096 14,083
* Essent Group Ltd. 584,714 13,981
Associated Estates Realty Corp. 561,239 13,851
Argo Group International Holdings Ltd. 275,959 13,839
Montpelier Re Holdings Ltd. 358,704 13,789
BOK Financial Corp. 217,480 13,314
First Midwest Bancorp Inc. 755,660 13,126
* First Cash Financial Services Inc. 278,478 12,955
* MBIA Inc. 1,373,305 12,772
Hersha Hospitality Trust Class A 1,968,801 12,738
FelCor Lodging Trust Inc. 1,099,902 12,638
* Springleaf Holdings Inc. 237,381 12,289
* PHH Corp. 503,601 12,172
HFF Inc. Class A 324,189 12,170
Independent Bank Corp. 273,559 12,001
CNA Financial Corp. 288,638 11,958
Summit Hotel Properties Inc. 849,810 11,957
* BofI Holding Inc. 128,376 11,944
Altisource Residential Corp. 569,819 11,886
Sterling Bancorp 877,872 11,772
Franklin Street Properties Corp. 906,515 11,622
Home Loan Servicing Solutions Ltd. 696,616 11,522
BBCN Bancorp Inc. 786,184 11,376
ARMOUR Residential REIT Inc. 3,562,982 11,295
Westamerica Bancorporation 259,616 11,218
TFS Financial Corp. 762,156 11,188
Monogram Residential Trust Inc. 1,199,691 11,181
WesBanco Inc. 341,637 11,131
Capstead Mortgage Corp. 943,114 11,100
Northwest Bancshares Inc. 933,827 11,066
New Senior Investment Group Inc. 665,354 11,065
Astoria Financial Corp. 852,223 11,036
NBT Bancorp Inc. 440,278 11,033
* Eagle Bancorp Inc. 285,577 10,966
First Financial Bancorp 614,874 10,951
Park National Corp. 127,264 10,889
CoreSite Realty Corp. 223,103 10,861
Chatham Lodging Trust 368,682 10,843
CyrusOne Inc. 346,820 10,793
Gramercy Property Trust Inc. 383,404 10,762
Physicians Realty Trust 601,567 10,594
Chemical Financial Corp. 335,442 10,519
Infinity Property & Casualty Corp. 127,707 10,478
* Investment Technology Group Inc. 342,770 10,389
Greenhill & Co. Inc. 259,407 10,285
Boston Private Financial Holdings Inc. 846,255 10,282
* iStar Financial Inc. 785,880 10,216
Provident Financial Services Inc. 532,122 9,924
Starwood Waypoint Residential Trust 375,506 9,707
* Encore Capital Group Inc. 232,874 9,685
Inland Real Estate Corp. 903,068 9,654
Apollo Commercial Real Estate Finance Inc. 558,950 9,603
Union Bankshares Corp. 431,748 9,589

 

 

  Nelnet Inc. Class A 201,001 9,511
* Greenlight Capital Re Ltd. Class A 297,623 9,464
  AMERISAFE Inc. 203,760 9,424
  Banner Corp. 204,988 9,409
  Select Income REIT 371,994 9,296
  Renasant Corp. 308,740 9,278
  S&T Bancorp Inc. 326,851 9,276
* KCG Holdings Inc. Class A 754,810 9,254
  Terreno Realty Corp. 403,536 9,201
* Capital Bank Financial Corp. 331,495 9,153
* Navigators Group Inc. 116,967 9,105
  Virtus Investment Partners Inc. 69,586 9,100
  American Capital Mortgage Investment Corp. 506,185 9,091
  National General Holdings Corp. 479,177 8,961
*,^ Nationstar Mortgage Holdings Inc. 361,182 8,946
  Excel Trust Inc. 635,115 8,904
  Employers Holdings Inc. 329,705 8,899
  Aviv REIT Inc. 241,557 8,817
*,^ Ocwen Financial Corp. 1,068,376 8,814
  Maiden Holdings Ltd. 587,360 8,711
  Safety Insurance Group Inc. 145,265 8,680
  City Holding Co. 184,500 8,677
  Investors Real Estate Trust 1,154,145 8,656
  Simmons First National Corp. Class A 190,171 8,647
  Universal Health Realty Income Trust 153,624 8,641
  First Commonwealth Financial Corp. 951,143 8,560
  United Community Banks Inc. 450,532 8,506
  Stewart Information Services Corp. 208,797 8,486
  Wilshire Bancorp Inc. 845,716 8,432
  First Merchants Corp. 356,835 8,400
  American National Insurance Co. 84,987 8,362
* Piper Jaffray Cos. 159,195 8,351
  LegacyTexas Financial Group Inc. 365,890 8,317
  Ameris Bancorp 313,540 8,274
* Ambac Financial Group Inc. 339,824 8,224
  FBL Financial Group Inc. Class A 131,263 8,140
  Ashford Hospitality Trust Inc. 845,980 8,138
  Saul Centers Inc. 141,737 8,107
  National Bank Holdings Corp. Class A 428,856 8,067
  Talmer Bancorp Inc. Class A 523,049 8,011
  OFG Bancorp 489,535 7,989
  First Potomac Realty Trust 670,182 7,968
*,^ World Acceptance Corp. 108,658 7,923
  State Bank Financial Corp. 376,155 7,899
  Cohen & Steers Inc. 192,829 7,896
  Southside Bancshares Inc. 274,728 7,882
  TowneBank 489,369 7,869
  Hanmi Financial Corp. 368,847 7,801
  United Fire Group Inc. 244,997 7,784
  Brookline Bancorp Inc. 754,087 7,579
* Third Point Reinsurance Ltd. 534,541 7,564
  Rexford Industrial Realty Inc. 476,591 7,535
  Berkshire Hills Bancorp Inc. 266,831 7,391
  Northfield Bancorp Inc. 498,546 7,388
* Customers Bancorp Inc. 301,097 7,335
^ New York Mortgage Trust Inc. 933,526 7,244
  Sandy Spring Bancorp Inc. 271,676 7,126

 

 

  TrustCo Bank Corp. NY 1,032,046 7,100
  Flushing Financial Corp. 352,776 7,080
  Universal Insurance Holdings Inc. 276,457 7,075
  Anworth Mortgage Asset Corp. 1,388,676 7,068
  Lakeland Financial Corp. 174,066 7,064
  Central Pacific Financial Corp. 297,380 6,831
  Urstadt Biddle Properties Inc. Class A 292,527 6,746
  Cash America International Inc. 281,899 6,568
  Getty Realty Corp. 353,764 6,439
  Oritani Financial Corp. 442,022 6,431
  Community Trust Bancorp Inc. 192,536 6,385
* First BanCorp 1,024,740 6,353
  Resource Capital Corp. 1,393,502 6,327
  Rouse Properties Inc. 333,320 6,320
  National Western Life Insurance Co. Class A 24,800 6,307
  Cardinal Financial Corp. 308,663 6,167
  Silver Bay Realty Trust Corp. 379,767 6,137
  Tompkins Financial Corp. 113,931 6,135
*,^ Walter Investment Management Corp. 379,394 6,127
  United Financial Bancorp Inc. 487,722 6,062
  Monmouth Real Estate Investment Corp. 543,945 6,043
  Apollo Residential Mortgage Inc. 378,062 6,030
  AG Mortgage Investment Trust Inc. 318,002 5,991
* Forestar Group Inc. 377,059 5,946
^ Western Asset Mortgage Capital Corp. 385,331 5,811
  WSFS Financial Corp. 76,536 5,788
  QTS Realty Trust Inc. Class A 158,702 5,778
  Washington Trust Bancorp Inc. 148,599 5,675
* Green Dot Corp. Class A 351,886 5,602
  BancFirst Corp. 91,831 5,600
* Ladenburg Thalmann Financial Services Inc. 1,431,494 5,526
  Great Southern Bancorp Inc. 138,966 5,474
  First Interstate BancSystem Inc. Class A 195,817 5,448
  Cedar Realty Trust Inc. 716,746 5,368
  Agree Realty Corp. 161,467 5,324
  Dime Community Bancshares Inc. 329,620 5,307
* LendingTree Inc. 93,974 5,263
* American Residential Properties Inc. 288,417 5,189
  TriCo Bancshares 214,953 5,187
  Stock Yards Bancorp Inc. 149,296 5,140
* Enova International Inc. 260,642 5,132
* Ezcorp Inc. Class A 558,327 5,098
  RAIT Financial Trust 736,251 5,051
  Southwest Bancorp Inc. 280,109 4,983
  Campus Crest Communities Inc. 693,154 4,963
  Heritage Financial Corp. 290,534 4,939
* Cowen Group Inc. Class A 943,312 4,905
* Beneficial Bancorp Inc. 434,395 4,904
* Safeguard Scientifics Inc. 268,656 4,857
  Metro Bancorp Inc. 175,314 4,833
* Yadkin Financial Corp. 235,391 4,778
  First Financial Corp. 133,132 4,778
* INTL. FCStone Inc. 159,971 4,756
  GAMCO Investors Inc. 60,321 4,736
  Arlington Asset Investment Corp. Class A 192,673 4,636
  Meadowbrook Insurance Group Inc. 541,102 4,599
  Suffolk Bancorp 191,218 4,543

 

 

Bank Mutual Corp. 620,613 4,543
MainSource Financial Group Inc. 230,790 4,533
STORE Capital Corp. 189,822 4,432
German American Bancorp Inc. 149,541 4,401
First Busey Corp. 657,590 4,399
Heartland Financial USA Inc. 133,477 4,355
Hannon Armstrong Sustainable Infrastructure Capital Inc. 237,380 4,339
* Tejon Ranch Co. 163,052 4,313
CoBiz Financial Inc. 347,465 4,281
1st Source Corp. 132,227 4,248
^ United Development Funding IV 242,140 4,242
* First NBC Bank Holding Co. 128,627 4,242
Preferred Bank 153,745 4,223
Federated National Holding Co. 137,066 4,194
Guaranty Bancorp 245,374 4,162
* Phoenix Cos. Inc. 82,897 4,144
Univest Corp. of Pennsylvania 207,703 4,110
West Bancorporation Inc. 204,957 4,077
Hudson Valley Holding Corp. 159,235 4,070
First Bancorp 229,810 4,035
CenterState Banks Inc. 337,819 4,023
State Auto Financial Corp. 165,575 4,022
Arrow Financial Corp. 148,009 4,018
* PICO Holdings Inc. 245,695 3,983
Park Sterling Corp. 550,837 3,911
HCI Group Inc. 85,236 3,910
* HomeStreet Inc. 210,536 3,857
Diamond Hill Investment Group Inc. 23,844 3,815
Dynex Capital Inc. 445,662 3,775
* Seacoast Banking Corp. of Florida 264,462 3,774
Republic Bancorp Inc. Class A 152,284 3,766
* Kearny Financial Corp. 275,604 3,743
CareTrust REIT Inc. 275,823 3,740
Ashford Hospitality Prime Inc. 221,475 3,714
Bryn Mawr Bank Corp. 121,894 3,707
Westwood Holdings Group Inc. 60,366 3,640
* Bancorp Inc. 401,242 3,623
Great Western Bancorp Inc. 163,461 3,598
One Liberty Properties Inc. 147,319 3,598
ConnectOne Bancorp Inc. 184,736 3,595
InfraREIT Inc. 125,371 3,584
BNC Bancorp 196,418 3,555
National Interstate Corp. 126,389 3,549
OneBeacon Insurance Group Ltd. Class A 231,686 3,524
Whitestone REIT 219,771 3,490
Gladstone Commercial Corp. 186,451 3,470
* Walker & Dunlop Inc. 195,248 3,462
Newcastle Investment Corp. 713,369 3,460
Financial Institutions Inc. 150,492 3,451
* HomeTrust Bancshares Inc. 215,263 3,438
* NewStar Financial Inc. 290,911 3,412
Moelis & Co. Class A 113,030 3,404
* Meridian Bancorp Inc. 257,678 3,394
RE/MAX Holdings Inc. 102,168 3,393
^ RCS Capital Corp. Class A 317,014 3,373
OceanFirst Financial Corp. 194,759 3,363
CatchMark Timber Trust Inc. Class A 282,175 3,307

 

 

  Lakeland Bancorp Inc. 287,573 3,307
  Mercantile Bank Corp. 168,562 3,295
  Oppenheimer Holdings Inc. Class A 139,232 3,266
  Fidelity Southern Corp. 192,465 3,249
  United Insurance Holdings Corp. 142,961 3,217
  Heritage Commerce Corp. 346,259 3,161
  Consolidated-Tomoka Land Co. 52,197 3,114
  NewBridge Bancorp 344,930 3,077
  First Connecticut Bancorp Inc. 199,419 3,065
  Camden National Corp. 76,505 3,048
  Peoples Bancorp Inc. 126,854 2,999
* Global Indemnity plc 106,406 2,953
* Marcus & Millichap Inc. 78,684 2,949
* Ladder Capital Corp. 158,955 2,942
  Calamos Asset Management Inc. Class A 216,809 2,916
  Federal Agricultural Mortgage Corp. 103,059 2,905
  First Financial Northwest Inc. 232,516 2,872
  Ares Commercial Real Estate Corp. 258,248 2,854
  Capital City Bank Group Inc. 174,396 2,834
* Bridge Capital Holdings 108,045 2,821
  Heritage Oaks Bancorp 338,515 2,813
  Waterstone Financial Inc. 218,747 2,809
* Sun Bancorp Inc. 146,099 2,763
*,^ Citizens Inc. Class A 443,505 2,732
* Flagstar Bancorp Inc. 187,439 2,720
  Baldwin & Lyons Inc. 115,783 2,716
  Westfield Financial Inc. 344,994 2,667
  CorEnergy Infrastructure Trust Inc. 382,032 2,647
  United Community Financial Corp. 481,389 2,628
* BBX Capital Corp. 137,883 2,565
  BankFinancial Corp. 193,253 2,539
  Independent Bank Corp. 197,654 2,536
  First Community Bancshares Inc. 144,170 2,527
* Pacific Premier Bancorp Inc. 156,097 2,527
  Citizens & Northern Corp. 124,709 2,517
  Territorial Bancorp Inc. 105,683 2,511
  Enterprise Financial Services Corp. 119,481 2,468
* Orrstown Financial Services Inc. 140,635 2,405
* PennyMac Financial Services Inc. Class A 140,376 2,382
* BSB Bancorp Inc. 120,008 2,374
  Macatawa Bank Corp. 434,909 2,327
* Riverview Bancorp Inc. 508,380 2,313
  Banc of California Inc. 187,782 2,312
* Blue Hills Bancorp Inc. 170,251 2,251
* MBT Financial Corp. 400,225 2,245
  First of Long Island Corp. 87,430 2,229
* Pacific Mercantile Bancorp 303,605 2,198
* Hampton Roads Bankshares Inc. 1,143,522 2,161
  Arbor Realty Trust Inc. 309,450 2,160
* CommunityOne Bancorp 217,063 2,136
  EMC Insurance Group Inc. 62,845 2,124
*,^ Altisource Portfolio Solutions SA 157,779 2,031
  Crawford & Co. Class B 229,706 1,985
  Northrim BanCorp Inc. 80,150 1,967
  Pzena Investment Management Inc. Class A 209,705 1,923
  National Bankshares Inc. 64,366 1,921
  Marlin Business Services Corp. 94,898 1,901

 

 

Meta Financial Group Inc. 47,512 1,888
Penns Woods Bancorp Inc. 38,342 1,875
MutualFirst Financial Inc. 81,209 1,872
First Bancorp Inc. 104,868 1,830
Kansas City Life Insurance Co. 39,813 1,829
* eHealth Inc. 191,485 1,796
UMH Properties Inc. 177,774 1,790
Independent Bank Group Inc. 45,963 1,788
Bank of Kentucky Financial Corp. 36,346 1,783
* FBR & Co. 76,910 1,777
* NMI Holdings Inc. Class A 235,940 1,767
Clifton Bancorp Inc. 124,205 1,753
Heritage Financial Group Inc. 64,161 1,747
Unity Bancorp Inc. 192,148 1,745
First Defiance Financial Corp. 52,759 1,732
Century Bancorp Inc. Class A 42,974 1,706
CNB Financial Corp. 100,141 1,704
* AV Homes Inc. 102,975 1,643
American National Bankshares Inc. 71,874 1,623
Peoples Financial Services Corp. 35,967 1,614
Fidelity & Guaranty Life 74,531 1,580
Donegal Group Inc. Class A 100,067 1,573
Peapack Gladstone Financial Corp. 72,168 1,559
Pulaski Financial Corp. 125,963 1,558
First South Bancorp Inc. 192,141 1,554
* FRP Holdings Inc. 42,296 1,540
Merchants Bancshares Inc. 51,818 1,512
Timberland Bancorp Inc. 138,776 1,506
* Imperial Holdings Inc. 211,613 1,475
Gain Capital Holdings Inc. 150,633 1,472
* Farmers Capital Bank Corp. 62,584 1,455
* Cascade Bancorp 303,025 1,455
Provident Financial Holdings Inc. 90,741 1,451
ESSA Bancorp Inc. 112,328 1,440
Cape Bancorp Inc. 150,272 1,437
* Republic First Bancorp Inc. 384,730 1,397
Armada Hoffler Properties Inc. 130,334 1,389
* Square 1 Financial Inc. Class A 51,035 1,366
* Security National Financial Corp. Class A 256,014 1,365
State National Cos. Inc. 135,300 1,346
Stonegate Bank 44,143 1,333
Manning & Napier Inc. 100,768 1,311
Bank of Marin Bancorp 25,718 1,309
Preferred Apartment Communities Inc. Class A 120,542 1,304
Pacific Continental Corp. 97,575 1,290
* Asta Funding Inc. 154,316 1,287
Fox Chase Bancorp Inc. 76,167 1,282
* Regional Management Corp. 86,754 1,281
Peoples Bancorp of North Carolina Inc. 68,148 1,274
Bridge Bancorp Inc. 48,596 1,255
JAVELIN Mortgage Investment Corp. 165,946 1,255
* First United Corp. 132,833 1,210
* Southcoast Financial Corp. 167,773 1,203
Donegal Group Inc. Class B 63,194 1,200
Old Line Bancshares Inc. 75,841 1,198
* Ashford Inc. 9,865 1,172
Opus Bank 37,774 1,166

 

 

* Consumer Portfolio Services Inc. 166,523 1,164
* Nicholas Financial Inc. 81,438 1,141
AmeriServ Financial Inc. 380,876 1,135
^ Orchid Island Capital Inc. 82,432 1,091
Bank of Commerce Holdings 193,871 1,086
* TriState Capital Holdings Inc. 101,386 1,062
New Hampshire Thrift Bancshares Inc. 67,166 1,048
Chicopee Bancorp Inc. 61,671 1,041
* Community Bankers Trust Corp. 236,942 1,035
* United Security Bancshares 193,204 1,034
* FCB Financial Holdings Inc. Class A 37,208 1,018
* Easterly Government Properties Inc. 61,714 991
Sierra Bancorp 58,273 973
Ames National Corp. 38,946 968
Charter Financial Corp. 78,776 906
* Hallmark Financial Services Inc. 82,561 875
* Carolina Bank Holdings Inc. 86,992 868
Summit Financial Group Inc. 68,467 818
Independence Realty Trust Inc. 84,285 800
* JG Wentworth Co. Class A 75,138 781
Ohio Valley Banc Corp. 34,561 778
^ FXCM Inc. Class A 363,197 774
Citizens Community Bancorp Inc. 83,110 771
Independence Holding Co. 55,494 754
Home Bancorp Inc. 35,232 749
James River Group Holdings Ltd. 31,800 748
Ocean Shore Holding Co. 50,311 741
Hawthorn Bancshares Inc. 55,060 737
Louisiana Bancorp Inc. 34,271 736
Urstadt Biddle Properties Inc. 38,700 728
* Atlas Financial Holdings Inc. 40,149 709
* American River Bankshares 73,581 697
BCB Bancorp Inc. 57,260 695
Middleburg Financial Corp. 37,520 691
* Old Second Bancorp Inc. 118,695 679
* CU Bancorp 29,608 674
Investors Title Co. 9,037 669
US Global Investors Inc. Class A 208,904 667
Oak Valley Bancorp 66,347 654
C&F Financial Corp. 18,615 651
* Colony Bankcorp Inc. 80,138 649
* Maui Land & Pineapple Co. Inc. 105,022 621
* ASB Bancorp Inc. 29,456 604
MidWestOne Financial Group Inc. 20,659 596
Bar Harbor Bankshares 18,271 595
Cherry Hill Mortgage Investment Corp. 33,317 587
* Stonegate Mortgage Corp. 53,783 582
* Shore Bancshares Inc. 62,823 577
* HMN Financial Inc. 46,647 567
Sotherly Hotels Inc. 74,421 566
* Atlantic Coast Financial Corp. 132,263 549
Parke Bancorp Inc. 43,170 544
Five Oaks Investment Corp. 50,169 534
* On Deck Capital Inc. 25,005 532
Guaranty Federal Bancshares Inc. 36,149 531
* 1st Constitution Bancorp 45,232 515
Prudential Bancorp Inc. 40,539 514

 

 

MidSouth Bancorp Inc. 34,308 506
Horizon Bancorp 21,272 498
Hampden Bancorp Inc. 21,407 474
Bluerock Residential Growth REIT Inc. Class A 35,023 467
Ellington Residential Mortgage REIT 27,814 456
Norwood Financial Corp. 16,139 451
Eastern Virginia Bankshares Inc. 71,522 448
Southern National Bancorp of Virginia Inc. 36,675 445
* First Marblehead Corp. 70,403 439
* Heritage Insurance Holdings Inc. 19,144 421
Citizens Holding Co. 22,634 415
HF Financial Corp. 28,006 414
Bear State Financial Inc. 40,348 399
CIM Commercial Trust Corp. 21,337 395
* Stratus Properties Inc. 27,859 385
* First Acceptance Corp. 154,508 374
Central Valley Community Bancorp 34,793 373
ZAIS Financial Corp. 20,103 359
QC Holdings Inc. 158,879 354
Premier Financial Bancorp Inc. 23,038 351
* Health Insurance Innovations Inc. Class A 43,825 342
Farmland Partners Inc. 28,642 336
SB Financial Group Inc. 31,319 330
Valley Financial Corp. 16,198 329
City Office REIT Inc. 25,266 322
First Citizens Banc Corp. 29,098 321
Resource America Inc. Class A 35,054 319
Federal Agricultural Mortgage Corp. Class A 12,788 315
Monarch Financial Holdings Inc. 24,926 312
* Impac Mortgage Holdings Inc. 25,016 311
* BRT Realty Trust 42,739 305
First Savings Financial Group Inc. 9,746 285
First Business Financial Services Inc. 6,533 282
Cheviot Financial Corp. 17,998 280
Enterprise Bancorp Inc. 13,105 278
Codorus Valley Bancorp Inc. 13,656 277
* Green Bancorp Inc. 23,624 264
First Bancshares Inc. 16,469 264
Gladstone Land Corp. 20,959 253
LNB Bancorp Inc. 13,900 248
* Xenith Bankshares Inc. 40,283 245
* Anchor Bancorp Inc. 10,700 234
Two River Bancorp 26,479 231
Union Bankshares Inc. 8,739 223
Georgetown Bancorp Inc. 12,400 223
Trade Street Residential Inc. 30,478 218
* Atlanticus Holdings Corp. 91,683 209
Farmers National Banc Corp. 25,317 207
First Clover Leaf Financial Corp. 21,799 194
Old Point Financial Corp. 12,862 193
Blue Capital Reinsurance Holdings Ltd. 11,048 191
* First Security Group Inc. 79,542 191
SI Financial Group Inc. 15,247 185
* Southern First Bancshares Inc. 10,419 177
United Bancshares Inc. 11,489 174
* Central Federal Corp. 119,516 167
Owens Realty Mortgage Inc. 10,650 160

 

 

CB Financial Services Inc. 8,114 159
* Select Bancorp Inc. 21,884 159
Wolverine Bancorp Inc. 5,954 145
* Royal Bancshares of Pennsylvania Inc. 82,493 142
Silvercrest Asset Management Group Inc. Class A 9,983 142
* InterGroup Corp. 6,300 129
IF Bancorp Inc. 7,557 127
Access National Corp. 6,434 121
Glen Burnie Bancorp 9,147 116
GFI Group Inc. 19,536 116
LaPorte Bancorp Inc. 8,278 111
FS Bancorp Inc. 5,340 102
Greene County Bancorp Inc. 3,483 99
Southwest Georgia Financial Corp. 6,935 97
* Hamilton Bancorp Inc. 7,058 97
Community Bank Shares of Indiana Inc. 3,408 95
United Community Bancorp 7,174 95
* Severn Bancorp Inc. 19,055 95
Sussex Bancorp 8,387 93
* Naugatuck Valley Financial Corp. 10,037 92
* Magyar Bancorp Inc. 10,365 88
Manhattan Bridge Capital Inc. 22,075 87
Hingham Institution for Savings 845 84
* Malvern Bancorp Inc. 5,971 81
United Bancorp Inc. 9,360 74
* C1 Financial Inc. 3,883 73
First Internet Bancorp 3,802 71
Bank of South Carolina Corp. 4,282 64
Peoples Financial Corp. 6,186 63
Kentucky First Federal Bancorp 7,514 62
* Tiptree Financial Inc. Class A 9,138 61
Eagle Bancorp Montana Inc. 5,462 60
Northeast Community Bancorp Inc. 8,054 56
* 1st Century Bancshares Inc. 8,013 55
* Veritex Holdings Inc. 3,800 53
Southern Missouri Bancorp Inc. 2,800 53
Madison County Financial Inc. 2,107 48
Oconee Federal Financial Corp. 2,383 48
Supertel Hospitality Inc. 26,365 44
* Entegra Financial Corp. 2,719 42
Salisbury Bancorp Inc. 1,341 40
QCR Holdings Inc. 2,200 39
* First Capital Bancorp Inc. 8,224 37
Fauquier Bankshares Inc. 1,931 34
* 1347 Property Insurance Holdings Inc. 4,128 31
Community West Bancshares 4,500 30
* Jacksonville Bancorp Inc. 2,692 30
^ Mackinac Financial Corp. 2,200 25
* Porter Bancorp Inc. 26,941 24
Chemung Financial Corp. 800 23
Mid Penn Bancorp Inc. 1,384 22
First West Virginia Bancorp 916 22
Patriot National Bancorp Inc. 1,479 22
LCNB Corp. 1,404 21
* State Investors Bancorp Inc. 1,013 21
ACNB Corp. 948 19
Griffin Land & Nurseries Inc. 600 19

 

 

River Valley Bancorp 769 17
* Polonia Bancorp Inc. 1,200 15
* Tejon Ranch Co. Warrants Exp. 08/31/2016 17,984 14
First Capital Inc. 511 12
Northeast Bancorp 1,300 12
Oneida Financial Corp. 594 12
* Colonial Financial Services Inc. 800 11
* Village Bank and Trust Financial Corp. 600 10
A-Mark Precious Metals Inc. 875 9
Auburn National Bancorporation Inc. 359 9
Elmira Savings Bank 431 9
Baylake Corp. 655 8
Ameriana Bancorp 500 8
CKX Lands Inc. 399 6
Summit State Bank 400 5
* Transcontinental Realty Investors Inc. 400 4
* Siebert Financial Corp. 1,836 3
Lake Shore Bancorp Inc. 200 3
Stewardship Financial Corp. 400 2
* Broadway Financial Corp. 1,800 2
WashingtonFirst Bankshares Inc. 105 2
* Power REIT 200 2
Investar Holding Corp. 100 2
* Bankwell Financial Group Inc. 83 2
    10,530,993
Health Care (12.8%)    
* Illumina Inc. 1,392,729 258,546
* BioMarin Pharmaceutical Inc. 1,529,378 190,591
* Pharmacyclics Inc. 604,954 154,838
* Incyte Corp. 1,532,848 140,501
* Jazz Pharmaceuticals plc 597,081 103,170
* Medivation Inc. 767,425 99,052
ResMed Inc. 1,372,261 98,501
* Mettler-Toledo International Inc. 275,862 90,662
Cooper Cos. Inc. 475,191 89,060
* Alkermes plc 1,445,213 88,115
* Centene Corp. 1,154,069 81,581
* Hologic Inc. 2,393,376 79,041
* United Therapeutics Corp. 457,774 78,936
* Alnylam Pharmaceuticals Inc. 714,617 74,620
* Isis Pharmaceuticals Inc. 1,166,469 74,269
Omnicare Inc. 952,595 73,407
* IDEXX Laboratories Inc. 462,316 71,419
* Envision Healthcare Holdings Inc. 1,806,718 69,288
* MEDNAX Inc. 953,320 69,125
* Brookdale Senior Living Inc. 1,805,471 68,175
* Community Health Systems Inc. 1,145,292 59,876
* Receptos Inc. 305,985 50,454
Teleflex Inc. 411,327 49,701
* Puma Biotechnology Inc. 210,358 49,668
* Sirona Dental Systems Inc. 546,840 49,210
* Health Net Inc. 769,367 46,539
* Quintiles Transnational Holdings Inc. 683,128 45,749
* athenahealth Inc. 375,600 44,843
* DexCom Inc. 711,372 44,347
* VCA Inc. 805,702 44,169
West Pharmaceutical Services Inc. 697,669 42,007

 

 

  STERIS Corp. 587,614 41,292
* Team Health Holdings Inc. 699,797 40,945
* Cepheid 698,542 39,747
* WellCare Health Plans Inc. 430,760 39,397
  HealthSouth Corp. 862,438 38,258
* Align Technology Inc. 711,063 38,245
* Alere Inc. 773,894 37,843
* PAREXEL International Corp. 543,226 37,477
*,^ Intercept Pharmaceuticals Inc. 131,593 37,112
  Bio-Techne Corp. 366,335 36,740
* Charles River Laboratories International Inc. 460,487 36,512
* Bluebird Bio Inc. 293,794 35,481
* Acadia Healthcare Co. Inc. 491,679 35,204
* Seattle Genetics Inc. 992,470 35,084
* Akorn Inc. 734,280 34,886
* LifePoint Hospitals Inc. 443,955 32,608
*,^ OPKO Health Inc. 2,271,805 32,191
* Pacira Pharmaceuticals Inc. 355,618 31,597
* Impax Laboratories Inc. 653,881 30,647
* Neurocrine Biosciences Inc. 758,321 30,113
* Amsurg Corp. 470,619 28,952
  Hill-Rom Holdings Inc. 569,225 27,892
* Bio-Rad Laboratories Inc. Class A 203,352 27,489
* Celldex Therapeutics Inc. 957,533 26,686
* Medidata Solutions Inc. 532,645 26,121
* ABIOMED Inc. 363,798 26,041
*,^ Myriad Genetics Inc. 722,332 25,571
* ACADIA Pharmaceuticals Inc. 773,841 25,219
* Anacor Pharmaceuticals Inc. 419,865 24,289
* Dyax Corp. 1,356,699 22,731
* Haemonetics Corp. 505,795 22,720
* Thoratec Corp. 541,819 22,697
* Catalent Inc. 724,322 22,563
* Synageva BioPharma Corp. 229,516 22,385
* Halyard Health Inc. 454,655 22,369
* Prestige Brands Holdings Inc. 517,886 22,212
* Clovis Oncology Inc. 291,955 21,672
  Owens & Minor Inc. 631,383 21,366
* NuVasive Inc. 462,323 21,262
* Molina Healthcare Inc. 311,796 20,981
* Bruker Corp. 1,098,399 20,287
* Novavax Inc. 2,442,479 20,199
  Chemed Corp. 166,270 19,853
* Allscripts Healthcare Solutions Inc. 1,655,426 19,799
* Magellan Health Inc. 272,422 19,293
*,^ Exact Sciences Corp. 874,875 19,265
* Portola Pharmaceuticals Inc. Class A 504,183 19,139
* Ironwood Pharmaceuticals Inc. Class A 1,186,176 18,979
* Horizon Pharma plc 713,795 18,537
* Insulet Corp. 551,581 18,395
  Kindred Healthcare Inc. 772,798 18,385
* Auspex Pharmaceuticals Inc. 180,746 18,123
* Medicines Co. 645,625 18,090
* Lannett Co. Inc. 261,974 17,738
* IMS Health Holdings Inc. 653,755 17,697
* Cyberonics Inc. 260,141 16,888
* Neogen Corp. 360,718 16,856

 

 

  Cantel Medical Corp. 349,830 16,617
* Globus Medical Inc. 649,625 16,397
* Air Methods Corp. 350,106 16,311
*,^ Intrexon Corp. 347,689 15,775
* Masimo Corp. 473,560 15,618
* Ultragenyx Pharmaceutical Inc. 250,738 15,568
* Integra LifeSciences Holdings Corp. 251,200 15,486
* ARIAD Pharmaceuticals Inc. 1,836,531 15,133
* Halozyme Therapeutics Inc. 1,028,899 14,693
* Greatbatch Inc. 249,715 14,446
* Spectranetics Corp. 413,552 14,375
* TESARO Inc. 247,953 14,232
* AMAG Pharmaceuticals Inc. 260,218 14,224
  Select Medical Holdings Corp. 956,036 14,178
* Ligand Pharmaceuticals Inc. 182,371 14,063
* HeartWare International Inc. 159,653 14,013
* Nektar Therapeutics 1,267,726 13,945
*,^ Juno Therapeutics Inc. 228,939 13,887
* ExamWorks Group Inc. 333,024 13,860
* Acorda Therapeutics Inc. 415,142 13,816
  CONMED Corp. 269,314 13,598
* PTC Therapeutics Inc. 222,396 13,533
  Abaxis Inc. 209,376 13,423
*,^ MannKind Corp. 2,564,855 13,337
* HMS Holdings Corp. 860,262 13,291
* Depomed Inc. 578,915 12,973
* Cambrex Corp. 326,216 12,928
* Chimerix Inc. 339,745 12,805
* Wright Medical Group Inc. 494,972 12,770
*,^ Keryx Biopharmaceuticals Inc. 1,000,836 12,741
* Tetraphase Pharmaceuticals Inc. 346,830 12,708
*,^ Esperion Therapeutics Inc. 136,420 12,632
^ Theravance Inc. 802,030 12,608
* Natus Medical Inc. 315,912 12,469
* ICU Medical Inc. 132,683 12,358
* Omnicell Inc. 349,286 12,260
*,^ ZIOPHARM Oncology Inc. 1,117,339 12,034
* Fluidigm Corp. 276,329 11,633
* AMN Healthcare Services Inc. 488,632 11,273
* Cardiovascular Systems Inc. 288,046 11,245
* Endologix Inc. 650,212 11,099
  Analogic Corp. 122,049 11,094
* Merrimack Pharmaceuticals Inc. 931,436 11,065
* MedAssets Inc. 585,636 11,022
* Affymetrix Inc. 872,615 10,960
* Premier Inc. Class A 286,244 10,757
*,^ NewLink Genetics Corp. 196,309 10,740
* Prothena Corp. plc 279,683 10,667
* Sangamo BioSciences Inc. 676,563 10,609
* Arena Pharmaceuticals Inc. 2,388,388 10,437
* Insmed Inc. 500,495 10,410
  Ensign Group Inc. 220,132 10,315
* Achillion Pharmaceuticals Inc. 1,041,352 10,268
* Cempra Inc. 296,328 10,167
* Agios Pharmaceuticals Inc. 104,772 9,880
* NxStage Medical Inc. 568,672 9,838
* MiMedx Group Inc. 935,268 9,727

 

 

* Repligen Corp. 319,353 9,696
* Veeva Systems Inc. Class A 368,488 9,407
* Array BioPharma Inc. 1,267,867 9,344
* Relypsa Inc. 255,794 9,226
* Tornier NV 349,109 9,154
* Bio-Reference Laboratories Inc. 257,196 9,064
*,^ Foundation Medicine Inc. 183,323 8,820
* Amedisys Inc. 327,923 8,782
*,^ Orexigen Therapeutics Inc. 1,110,467 8,695
* Zeltiq Aesthetics Inc. 279,903 8,629
* Merit Medical Systems Inc. 445,344 8,573
* PharMerica Corp. 302,196 8,519
* Emergent Biosolutions Inc. 294,131 8,459
* KYTHERA Biopharmaceuticals Inc. 167,414 8,396
* IPC Healthcare Inc. 177,220 8,266
* Quidel Corp. 304,549 8,217
* Amicus Therapeutics Inc. 743,204 8,086
  Meridian Bioscience Inc. 423,393 8,078
* Hanger Inc. 353,043 8,011
* ImmunoGen Inc. 876,627 7,846
* Aegerion Pharmaceuticals Inc. 290,784 7,610
* Capital Senior Living Corp. 291,500 7,562
* Dynavax Technologies Corp. 334,055 7,493
  US Physical Therapy Inc. 157,710 7,491
* Orthofix International NV 207,867 7,460
*,^ Omeros Corp. 338,637 7,460
* Momenta Pharmaceuticals Inc. 490,246 7,452
  Quality Systems Inc. 459,042 7,335
* Raptor Pharmaceutical Corp. 654,756 7,117
  National HealthCare Corp. 111,258 7,088
* Healthways Inc. 357,054 7,034
* Accuray Inc. 752,736 7,000
* TherapeuticsMD Inc. 1,097,926 6,642
* Luminex Corp. 410,657 6,571
* Infinity Pharmaceuticals Inc. 469,622 6,565
  Computer Programs & Systems Inc. 120,277 6,526
*,^ OvaScience Inc. 187,466 6,511
  Invacare Corp. 333,878 6,481
* VWR Corp. 248,474 6,458
* Providence Service Corp. 121,310 6,444
*,^ Kite Pharma Inc. 110,310 6,363
* BioCryst Pharmaceuticals Inc. 690,729 6,237
* Genomic Health Inc. 203,422 6,215
* Cynosure Inc. Class A 200,095 6,137
* Karyopharm Therapeutics Inc. 199,543 6,108
* Geron Corp. 1,614,504 6,087
  Aceto Corp. 275,150 6,053
* MacroGenics Inc. 191,114 5,995
* AngioDynamics Inc. 336,211 5,981
* LHC Group Inc. 175,092 5,783
* TG Therapeutics Inc. 370,246 5,731
* Insys Therapeutics Inc. 97,700 5,679
* Otonomy Inc. 157,211 5,559
* HealthStream Inc. 217,712 5,486
* Anika Therapeutics Inc. 133,141 5,481
*,^ Accelerate Diagnostics Inc. 233,659 5,257
* AtriCure Inc. 254,004 5,205

 

 

* Sagent Pharmaceuticals Inc. 219,798 5,110
*,^ Sarepta Therapeutics Inc. 382,722 5,083
* Hyperion Therapeutics Inc. 109,966 5,047
* Radius Health Inc. 122,265 5,032
* Universal American Corp. 471,129 5,032
* ANI Pharmaceuticals Inc. 78,332 4,900
* Retrophin Inc. 204,250 4,894
* Ophthotech Corp. 104,959 4,884
* GenMark Diagnostics Inc. 371,149 4,818
*,^ Exelixis Inc. 1,862,267 4,786
  Atrion Corp. 13,756 4,753
* CorVel Corp. 138,045 4,750
* Zafgen Inc. 119,521 4,734
* Five Prime Therapeutics Inc. 205,884 4,704
* Sequenom Inc. 1,190,183 4,701
*,^ Rockwell Medical Inc. 428,663 4,685
* BioDelivery Sciences International Inc. 435,189 4,569
* Intra-Cellular Therapies Inc. 189,254 4,519
* Corcept Therapeutics Inc. 804,768 4,507
*,^ Inovio Pharmaceuticals Inc. 550,991 4,496
* LDR Holding Corp. 122,250 4,479
* Albany Molecular Research Inc. 252,762 4,449
* Vascular Solutions Inc. 144,384 4,378
* OraSure Technologies Inc. 665,268 4,351
* Aerie Pharmaceuticals Inc. 138,072 4,327
* Triple-S Management Corp. Class B 214,562 4,265
  Phibro Animal Health Corp. Class A 119,990 4,249
* Osiris Therapeutics Inc. 239,369 4,208
* Progenics Pharmaceuticals Inc. 701,212 4,193
* Alder Biopharmaceuticals Inc. 143,981 4,155
*,^ Regulus Therapeutics Inc. 244,131 4,136
*,^ Unilife Corp. 1,027,911 4,122
* Rigel Pharmaceuticals Inc. 1,154,346 4,121
* Aratana Therapeutics Inc. 257,311 4,120
* SciClone Pharmaceuticals Inc. 463,799 4,109
* Immunomedics Inc. 1,070,924 4,102
*,^ Synergy Pharmaceuticals Inc. 886,096 4,094
* XenoPort Inc. 572,982 4,080
  CryoLife Inc. 392,845 4,074
* Theravance Biopharma Inc. 232,321 4,031
* SurModics Inc. 150,689 3,922
* Spark Therapeutics Inc. 49,888 3,866
* Sucampo Pharmaceuticals Inc. Class A 245,058 3,813
*,^ Vanda Pharmaceuticals Inc. 409,729 3,810
* Antares Pharma Inc. 1,378,252 3,735
* Almost Family Inc. 82,058 3,669
* Spectrum Pharmaceuticals Inc. 601,398 3,650
  Landauer Inc. 102,043 3,586
* Acceleron Pharma Inc. 94,047 3,579
*,^ Cerus Corp. 842,832 3,515
* Avalanche Biotechnologies Inc. 85,526 3,466
* Surgical Care Affiliates Inc. 98,096 3,368
* PRA Health Sciences Inc. 116,443 3,358
* Cross Country Healthcare Inc. 282,858 3,355
*,^ Arrowhead Research Corp. 494,990 3,349
* Enanta Pharmaceuticals Inc. 108,289 3,316
* Heron Therapeutics Inc. 226,549 3,296

 

 

* XOMA Corp. 893,815 3,253
* Lion Biotechnologies Inc. 268,656 3,253
* Xencor Inc. 210,880 3,231
* Pacific Biosciences of California Inc. 545,312 3,185
* RadNet Inc. 373,069 3,134
* Supernus Pharmaceuticals Inc. 258,995 3,131
* Idera Pharmaceuticals Inc. 842,085 3,124
*,^ Lexicon Pharmaceuticals Inc. 3,288,363 3,105
*,^ Ampio Pharmaceuticals Inc. 396,451 2,985
* Catalyst Pharmaceutical Partners Inc. 686,360 2,972
* BioScrip Inc. 664,061 2,942
* Pernix Therapeutics Holdings Inc. 271,944 2,907
*,^ Northwest Biotherapeutics Inc. 393,284 2,899
* Verastem Inc. 277,442 2,822
* CTI BioPharma Corp. 1,532,460 2,774
* Agenus Inc. 540,454 2,773
*,^ OncoMed Pharmaceuticals Inc. 106,665 2,750
* Merge Healthcare Inc. 611,649 2,734
* Harvard Bioscience Inc. 464,243 2,702
* Curis Inc. 1,122,891 2,695
* Inogen Inc. 82,688 2,645
* RTI Surgical Inc. 530,540 2,621
*,^ Navidea Biopharmaceuticals Inc. 1,645,423 2,616
*,^ Advaxis Inc. 180,770 2,610
* Epizyme Inc. 138,982 2,610
*,^ VIVUS Inc. 1,049,127 2,581
*,^ Organovo Holdings Inc. 721,928 2,556
* Sorrento Therapeutics Inc. 218,114 2,521
* Sage Therapeutics Inc. 49,412 2,482
* ZS Pharma Inc. 58,888 2,478
* Cytokinetics Inc. 363,983 2,468
* Durect Corp. 1,276,169 2,437
* STAAR Surgical Co. 327,901 2,436
*,^ Athersys Inc. 835,344 2,406
* Mirati Therapeutics Inc. 80,711 2,366
* Alliance HealthCare Services Inc. 105,761 2,346
*,^ Peregrine Pharmaceuticals Inc. 1,730,420 2,336
* ArQule Inc. 1,035,938 2,320
* Threshold Pharmaceuticals Inc. 566,655 2,301
* HealthEquity Inc. 91,138 2,278
* Revance Therapeutics Inc. 109,203 2,264
* Dicerna Pharmaceuticals Inc. 92,821 2,230
* Heska Corp. 86,472 2,229
*,^ Endocyte Inc. 354,204 2,217
* K2M Group Holdings Inc. 98,829 2,179
* BioTelemetry Inc. 242,286 2,144
* POZEN Inc. 276,580 2,135
* Atara Biotherapeutics Inc. 50,881 2,115
* Cutera Inc. 161,576 2,088
*,^ Neuralstem Inc. 1,097,463 2,085
*,^ IGI Laboratories Inc. 253,714 2,070
* Vocera Communications Inc. 200,832 1,992
*,^ BioTime Inc. 399,924 1,988
*,^ CytRx Corp. 581,115 1,958
* Eagle Pharmaceuticals Inc. 46,251 1,937
  Psychemedics Corp. 116,094 1,927
* Repros Therapeutics Inc. 222,686 1,913

 

 

* Stemline Therapeutics Inc. 126,649 1,833
* Adeptus Health Inc. Class A 36,291 1,823
* Zogenix Inc. 1,286,632 1,763
* La Jolla Pharmaceutical Co. 96,317 1,763
*,^ Celladon Corp. 93,035 1,762
* NeoGenomics Inc. 376,367 1,758
* Five Star Quality Care Inc. 381,945 1,696
  Simulations Plus Inc. 275,993 1,695
* Synta Pharmaceuticals Corp. 860,452 1,669
  Digirad Corp. 362,665 1,646
*,^ Galena Biopharma Inc. 1,174,462 1,632
* BioSpecifics Technologies Corp. 40,697 1,593
* Tandem Diabetes Care Inc. 123,905 1,564
* Nevro Corp. 32,524 1,559
* Oncothyreon Inc. 914,313 1,490
* Versartis Inc. 80,849 1,485
* Exactech Inc. 57,274 1,468
*,^ IsoRay Inc. 915,779 1,438
  Utah Medical Products Inc. 23,246 1,392
* ChemoCentryx Inc. 183,188 1,383
*,^ CorMedix Inc. 139,243 1,370
* Civitas Solutions Inc. 65,007 1,361
* Dermira Inc. 88,114 1,353
* Derma Sciences Inc. 159,450 1,351
* Flexion Therapeutics Inc. 59,807 1,347
*,^ Cytori Therapeutics Inc. 1,124,009 1,326
* Synthetic Biologics Inc. 604,402 1,324
* Calithera Biosciences Inc. 80,573 1,323
* Iridex Corp. 124,615 1,306
* Medgenics Inc. 162,002 1,304
* Targacept Inc. 438,240 1,302
* Synergetics USA Inc. 241,344 1,301
* Ocular Therapeutix Inc. 30,466 1,279
* Alimera Sciences Inc. 248,225 1,244
*,^ Coronado Biosciences Inc. 320,919 1,236
*,^ Rexahn Pharmaceuticals Inc. 1,680,760 1,227
* Icad Inc. 125,277 1,200
* Trovagene Inc. 174,198 1,186
* Sunesis Pharmaceuticals Inc. 480,107 1,176
  LeMaitre Vascular Inc. 136,680 1,145
* Anthera Pharmaceuticals Inc. 254,132 1,136
* Fonar Corp. 86,267 1,131
* Concert Pharmaceuticals Inc. 74,554 1,129
* Genesis Healthcare Inc. 153,596 1,094
  National Research Corp. Class A 75,048 1,081
* Vitae Pharmaceuticals Inc. 92,116 1,079
* Alphatec Holdings Inc. 740,219 1,073
* Enzo Biochem Inc. 351,414 1,037
* Discovery Laboratories Inc. 845,722 1,006
* Cellular Dynamics International Inc. 60,081 987
*,^ AcelRx Pharmaceuticals Inc. 254,354 982
* Pain Therapeutics Inc. 514,431 972
* Addus HomeCare Corp. 41,941 965
*,^ PharmAthene Inc. 587,057 957
* Biolase Inc. 471,611 953
* Inovalon Holdings Inc. Class A 31,323 946
* INC Research Holdings Inc. Class A 28,400 930

 

 

* pSivida Corp. 232,598 919
* Palatin Technologies Inc. 894,320 912
* AAC Holdings Inc. 29,054 888
* Intersect ENT Inc. 33,910 876
* Vital Therapies Inc. 34,248 857
* NanoString Technologies Inc. 83,934 855
* NanoViricides Inc. 377,412 849
* Amphastar Pharmaceuticals Inc. 56,241 841
* Trevena Inc. 124,442 811
* Fibrocell Science Inc. 177,919 802
* Cara Therapeutics Inc. 78,339 787
*,^ Castlight Health Inc. Class B 100,871 783
* Kindred Biosciences Inc. 109,196 780
* AVEO Pharmaceuticals Inc. 534,939 776
* Applied Genetic Technologies Corp. 37,236 744
* EPIRUS Biopharmaceuticals Inc. 82,981 743
* Celsion Corp. 277,915 742
* Bellicum Pharmaceuticals Inc. 31,627 733
* Akebia Therapeutics Inc. 65,806 731
*,^ Apricus Biosciences Inc. 385,438 721
* Columbia Laboratories Inc. 115,244 716
*,^ Galectin Therapeutics Inc. 205,548 689
* Vical Inc. 721,474 682
* StemCells Inc. 658,048 671
  Enzon Pharmaceuticals Inc. 616,166 653
* FibroGen Inc. 20,800 653
*,^ NeoStem Inc. 255,125 648
*,^ TearLab Corp. 318,231 633
* AdCare Health Systems Inc. 143,830 630
* GlycoMimetics Inc. 73,359 610
*,^ Conatus Pharmaceuticals Inc. 85,588 609
* Tonix Pharmaceuticals Holding Corp. 95,995 607
* Achaogen Inc. 61,819 603
*,^ Cancer Genetics Inc. 75,109 587
*,^ Ohr Pharmaceutical Inc. 229,471 583
* ERBA Diagnostics Inc. 164,869 579
* Mast Therapeutics Inc. 1,192,694 578
* MediciNova Inc. 163,928 577
* Biota Pharmaceuticals Inc. 249,096 573
* BIND Therapeutics Inc. 103,836 570
* Ardelyx Inc. 42,783 560
* Coherus Biosciences Inc. 18,205 557
* Sientra Inc. 28,417 545
* Assembly Biosciences Inc. 41,121 544
* Brainstorm Cell Therapeutics Inc. 118,821 529
*,^ Sunshine Heart Inc. 121,357 515
* TransEnterix Inc. 174,808 512
* Bio-Path Holdings Inc. 282,840 509
*,^ CEL-SCI Corp. 480,353 504
*,^ Tenax Therapeutics Inc. 153,831 501
* Sharps Compliance Corp. 78,969 501
*,^ Hansen Medical Inc. 574,298 500
*,^ EnteroMedics Inc. 545,383 499
* Cumberland Pharmaceuticals Inc. 74,721 498
* Imprivata Inc. 35,519 497
*,^ iBio Inc. 642,540 490
*,^ Hemispherx Biopharma Inc. 2,108,824 481

 

 

* MEI Pharma Inc. 256,364 459
* Veracyte Inc. 59,958 436
* Paratek Pharmaceuticals Inc. 13,553 424
* Entellus Medical Inc. 18,480 405
* Symmetry Surgical Inc. 54,759 401
* Harvard Apparatus Regenerative Technology Inc. 123,414 401
* ImmunoCellular Therapeutics Ltd. 815,936 396
* Cardica Inc. 627,032 395
* Retractable Technologies Inc. 101,655 394
* Tokai Pharmaceuticals Inc. 34,414 389
* OncoGenex Pharmaceuticals Inc. 175,493 377
* Actinium Pharmaceuticals Inc. 151,936 375
* Genocea Biosciences Inc. 31,333 372
* Immune Design Corp. 17,392 367
*,^ Trupanion Inc. 44,641 357
* Adamas Pharmaceuticals Inc. 20,322 355
* Ocera Therapeutics Inc. 73,804 348
* Misonix Inc. 26,024 340
* Vericel Corp. 91,759 340
*,^ Atossa Genetics Inc. 187,867 338
*,^ OXiGENE Inc. 229,918 336
* Flex Pharma Inc. 17,000 333
*,^ Acura Pharmaceuticals Inc. 408,034 322
* GenVec Inc. 109,194 321
* Stereotaxis Inc. 155,384 320
* Bovie Medical Corp. 128,896 308
*,^ Cyclacel Pharmaceuticals Inc. 340,155 306
* Avinger Inc. 26,160 290
* T2 Biosystems Inc. 18,166 282
* Dipexium Pharmaceuticals Inc. 20,000 273
* Egalet Corp. 20,865 270
* Pfenex Inc. 16,405 261
* Alexza Pharmaceuticals Inc. 125,088 259
* Uroplasty Inc. 208,071 254
* Cymabay Therapeutics Inc. 36,600 253
*,^ Nanosphere Inc. 1,070,936 248
* Hooper Holmes Inc. 466,668 243
*,^ Wright Medical Group Inc. CVR Exp. 12/31/2049 52,493 226
* Bacterin International Holdings Inc. 54,930 225
*,^ PhotoMedex Inc. 111,896 225
* Adamis Pharmaceuticals Corp. 56,441 222
* MGC Diagnostics Corp. 29,709 219
* CytoSorbents Corp. 16,372 216
* Onconova Therapeutics Inc. 89,598 216
*,^ NovaBay Pharmaceuticals Inc. 311,120 215
* BG Medicine Inc. 257,504 209
* Regado Biosciences Inc. 165,650 202
* Argos Therapeutics Inc. 22,028 196
*,^ Cellular Biomedicine Group Inc. 6,011 189
* Bioanalytical Systems Inc. 91,696 186
* Alliqua BioMedical Inc. 35,080 182
*,^ GTx Inc. 269,583 182
* NephroGenex Inc. 22,435 177
* CASI Pharmaceuticals Inc. 119,606 176
* American CareSource Holdings Inc. 51,566 155
* Minerva Neurosciences Inc. 30,363 152
* TetraLogic Pharmaceuticals Corp. 34,634 152

 

 

* Biodel Inc. 126,798 151
*,^ Opexa Therapeutics Inc. 271,372 149
* Cleveland BioLabs Inc. 38,901 140
* Celator Pharmaceuticals Inc. 56,366 139
* Lipocine Inc. 20,070 138
* Echo Therapeutics Inc. 64,674 138
* Galmed Pharmaceuticals Ltd. 14,450 136
* PDI Inc. 94,976 128
* Neothetics Inc. 15,400 126
* KaloBios Pharmaceuticals Inc. 253,725 124
* CombiMatrix Corp. 64,337 122
* Perseon Corp. 293,101 120
*,^ Venaxis Inc. 250,630 116
* TriVascular Technologies Inc. 11,037 116
* Presbia plc 15,400 114
* Eleven Biotherapeutics Inc. 12,663 113
*,^ RXi Pharmaceuticals Corp. 154,001 111
* Vision Sciences Inc. 307,620 108
* AxoGen Inc. 30,459 107
* CAS Medical Systems Inc. 78,450 105
* Invitae Corp. 6,160 103
* SunLink Health Systems Inc. 59,900 102
* Loxo Oncology Inc. 7,845 98
* ProPhase Labs Inc. 72,896 95
* Oculus Innovative Sciences Inc. 111,961 94
* Imprimis Pharmaceuticals Inc. 11,791 94
* Authentidate Holding Corp. 279,777 92
* Vermillion Inc. 49,637 88
* Evoke Pharma Inc. 12,473 87
* Fate Therapeutics Inc. 17,500 86
* Escalon Medical Corp. 59,011 80
* Chembio Diagnostics Inc. 19,255 76
* Recro Pharma Inc. 8,387 76
* Response Genetics Inc. 145,825 67
* Ignyta Inc. 6,588 66
* Ocata Therapeutics Inc. 10,600 65
* DARA BioSciences Inc. 89,081 65
* Lpath Inc. Class A 25,108 62
* Salix Pharmaceuticals Ltd. 358 62
* Proteon Therapeutics Inc. 5,000 58
* InspireMD Inc. 171,873 55
* InfuSystems Holdings Inc. 20,115 55
* Streamline Health Solutions Inc. 14,460 52
* Agile Therapeutics Inc. 5,400 50
* Cesca Therapeutics Inc. 54,283 49
* VirtualScopics Inc. 16,180 48
* Delcath Systems Inc. 46,529 45
* Asterias Biotherapeutics Inc. 6,600 44
* Ligand Pharmaceuticals Inc. Rights 395,811 42
* ARCA biopharma Inc. 50,393 40
*,^ MELA Sciences Inc. 13,636 35
* Amedica Corp. 99,463 35
* Aquinox Pharmaceuticals Inc. 4,000 34
* WaferGen Bio-systems Inc. 7,400 34
* NeuroMetrix Inc. 17,183 29
* Roka Bioscience Inc. 7,900 25
*,^ CareDx Inc. 4,400 24

 

 

* Tracon Pharmaceuticals Inc. 1,654 23
* Transgenomic Inc. 13,729 20
* iRadimed Corp. 1,220 19
* Marinus Pharmaceuticals Inc. 2,000 18
* Allied Healthcare Products Inc. 10,415 17
* Signal Genetics Inc. 6,900 15
Daxor Corp. 2,313 13
* Cerulean Pharma Inc. 1,415 13
Ligand Pharmaceuticals Inc. Rights 395,811 13
* ADMA Biologics Inc. 1,000 10
* Heat Biologics Inc. 1,200 8
* BioLife Solutions Inc. 4,200 7
* Electromed Inc. 2,500 6
* Aradigm Corp. 891 6
* SCYNEXIS Inc. 500 4
* GlobeImmune Inc. 500 4
* Ligand Pharmaceuticals Inc. Rights 395,811 4
* CollabRx Inc. 2,700 3
* Immune Pharmaceuticals Inc. 1,227 2
* Aldeyra Therapeutics Inc. 200 2
* Oragenics Inc. 2,006 2
* Ligand Pharmaceuticals Inc. Rights 395,811 2
* Medical Transcription Billing Corp. 288 1
    5,760,141
Industrials (14.2%)    
* United Continental Holdings Inc. 3,767,096 253,337
TransDigm Group Inc. 486,423 106,390
* Verisk Analytics Inc. Class A 1,467,510 104,780
* Hertz Global Holdings Inc. 4,419,244 95,809
* Sensata Technologies Holding NV 1,660,985 95,424
Towers Watson & Co. Class A 688,868 91,058
Wabtec Corp. 951,336 90,386
Alaska Air Group Inc. 1,297,186 85,848
JB Hunt Transport Services Inc. 913,026 77,968
* IHS Inc. Class A 672,110 76,459
Fortune Brands Home & Security Inc. 1,558,210 73,984
Acuity Brands Inc. 427,999 71,972
* Spirit AeroSystems Holdings Inc. Class A 1,283,031 66,987
Huntington Ingalls Industries Inc. 476,612 66,797
ManpowerGroup Inc. 768,227 66,183
* WABCO Holdings Inc. 538,568 66,179
B/E Aerospace Inc. 1,039,506 66,133
* Avis Budget Group Inc. 1,047,445 61,815
Waste Connections Inc. 1,224,565 58,951
Carlisle Cos. Inc. 634,034 58,731
Hubbell Inc. Class B 534,573 58,600
IDEX Corp. 767,624 58,209
* Middleby Corp. 565,889 58,088
* Spirit Airlines Inc. 719,155 55,634
Trinity Industries Inc. 1,535,030 54,509
KAR Auction Services Inc. 1,389,662 52,710
Allison Transmission Holdings Inc. 1,638,955 52,348
* Old Dominion Freight Line Inc. 671,836 51,933
Owens Corning 1,157,526 50,237
Lincoln Electric Holdings Inc. 767,211 50,168
* JetBlue Airways Corp. 2,579,025 49,646
AO Smith Corp. 742,749 48,769

 

 

* Genesee & Wyoming Inc. Class A 503,753 48,582
  Hexcel Corp. 944,436 48,563
  Donaldson Co. Inc. 1,260,076 47,517
* HD Supply Holdings Inc. 1,510,737 47,067
  Chicago Bridge & Iron Co. NV 947,708 46,684
* AECOM 1,512,821 46,625
  Lennox International Inc. 406,655 45,419
  Exelis Inc. 1,842,013 44,890
* Colfax Corp. 938,048 44,773
* Orbital ATK Inc. 582,672 44,650
  Nordson Corp. 562,074 44,033
* Copart Inc. 1,125,739 42,294
  Graco Inc. 585,159 42,225
* Kirby Corp. 546,600 41,022
  Toro Co. 550,332 38,589
  Oshkosh Corp. 782,789 38,192
  RR Donnelley & Sons Co. 1,989,726 38,183
  AGCO Corp. 789,970 37,634
* Teledyne Technologies Inc. 346,083 36,937
  ITT Corp. 902,271 36,010
  MSC Industrial Direct Co. Inc. Class A 497,304 35,905
  Air Lease Corp. Class A 944,583 35,649
  Regal-Beloit Corp. 439,537 35,128
  Curtiss-Wright Corp. 472,579 34,942
* Esterline Technologies Corp. 305,310 34,934
  SPX Corp. 405,655 34,440
  Deluxe Corp. 491,289 34,036
  Babcock & Wilcox Co. 1,053,624 33,811
  Watsco Inc. 267,998 33,687
* Generac Holdings Inc. 674,752 32,854
  CLARCOR Inc. 492,940 32,564
  Timken Co. 736,703 31,045
* WESCO International Inc. 436,822 30,529
* Clean Harbors Inc. 536,460 30,460
  Crane Co. 487,439 30,421
  Valmont Industries Inc. 243,121 29,875
* Moog Inc. Class A 397,870 29,860
  Triumph Group Inc. 499,437 29,826
  EMCOR Group Inc. 635,873 29,549
* XPO Logistics Inc. 649,455 29,531
  Landstar System Inc. 441,775 29,290
  Woodward Inc. 572,089 29,182
  Covanta Holding Corp. 1,288,756 28,907
  EnerSys 448,051 28,783
  Manitowoc Co. Inc. 1,334,738 28,777
  Terex Corp. 1,062,824 28,260
  HEICO Corp. 456,775 27,895
* Rexnord Corp. 1,002,638 26,760
  Corporate Executive Board Co. 330,890 26,425
  Kennametal Inc. 781,964 26,344
* Polypore International Inc. 441,688 26,015
  Allegiant Travel Co. Class A 134,029 25,772
*,^ SolarCity Corp. 501,469 25,715
* Armstrong World Industries Inc. 445,775 25,619
  GATX Corp. 436,980 25,336
  Con-way Inc. 567,072 25,025
  Rollins Inc. 974,858 24,108

 

 

  HNI Corp. 435,930 24,050
* USG Corp. 880,812 23,518
* DigitalGlobe Inc. 687,884 23,436
*,^ NOW Inc. 1,051,900 22,763
  Healthcare Services Group Inc. 696,561 22,380
* Advisory Board Co. 411,741 21,938
* Swift Transportation Co. 838,768 21,825
  KBR Inc. 1,423,792 20,616
  Mueller Industries Inc. 563,766 20,369
* KLX Inc. 516,380 19,901
  AMERCO 59,273 19,584
* Navistar International Corp. 661,750 19,522
  Knight Transportation Inc. 602,515 19,431
  Barnes Group Inc. 478,639 19,380
  Mobile Mini Inc. 454,076 19,362
  Hillenbrand Inc. 614,799 18,979
  Applied Industrial Technologies Inc. 406,932 18,450
  UniFirst Corp. 153,196 18,030
  Matson Inc. 424,472 17,896
  RBC Bearings Inc. 230,863 17,670
* On Assignment Inc. 460,449 17,667
* Trex Co. Inc. 318,046 17,343
* WageWorks Inc. 324,328 17,296
  Steelcase Inc. Class A 879,027 16,649
  ABM Industries Inc. 516,930 16,469
* Dycom Industries Inc. 336,138 16,417
  Forward Air Corp. 301,344 16,363
  Herman Miller Inc. 582,901 16,181
  Korn/Ferry International 488,756 16,065
* Proto Labs Inc. 223,719 15,660
  MSA Safety Inc. 312,613 15,593
  United Stationers Inc. 380,266 15,587
  EnPro Industries Inc. 235,577 15,536
  Mueller Water Products Inc. Class A 1,568,339 15,448
  Watts Water Technologies Inc. Class A 279,115 15,360
  Simpson Manufacturing Co. Inc. 408,848 15,279
* FTI Consulting Inc. 405,912 15,205
* Beacon Roofing Supply Inc. 484,291 15,158
  Matthews International Corp. Class A 292,674 15,076
  Franklin Electric Co. Inc. 389,058 14,839
  Tetra Tech Inc. 615,412 14,782
* Huron Consulting Group Inc. 222,963 14,749
  Actuant Corp. Class A 602,721 14,309
* GenCorp Inc. 616,637 14,300
  West Corp. 422,200 14,241
  G&K Services Inc. Class A 195,373 14,170
^ Greenbrier Cos. Inc. 240,733 13,963
  Aircastle Ltd. 619,223 13,908
  Harsco Corp. 797,313 13,762
  Werner Enterprises Inc. 435,672 13,684
* Masonite International Corp. 203,213 13,668
* Astronics Corp. 185,239 13,652
  TAL International Group Inc. 334,326 13,617
* TriMas Corp. 441,542 13,595
* Hub Group Inc. Class A 345,990 13,594
  Interface Inc. Class A 649,948 13,506
  Brink's Co. 481,711 13,310

 

 

Brady Corp. Class A 468,858 13,264
Heartland Express Inc. 540,913 12,852
* MasTec Inc. 652,676 12,597
Insperity Inc. 238,723 12,483
* TASER International Inc. 516,431 12,451
Granite Construction Inc. 352,351 12,382
Apogee Enterprises Inc. 286,231 12,365
* Meritor Inc. 962,411 12,136
Tennant Co. 181,152 11,842
* MRC Global Inc. 997,711 11,823
AZZ Inc. 251,395 11,712
* Hawaiian Holdings Inc. 526,009 11,585
AAR Corp. 373,299 11,460
Kaman Corp. 268,066 11,374
Albany International Corp. 283,385 11,265
Exponent Inc. 126,645 11,259
* UTi Worldwide Inc. 912,408 11,223
Cubic Corp. 215,870 11,176
Universal Forest Products Inc. 196,924 10,925
Knoll Inc. 463,250 10,854
* Saia Inc. 239,669 10,617
US Ecology Inc. 211,687 10,578
AAON Inc. 428,654 10,515
* Chart Industries Inc. 299,742 10,513
* Atlas Air Worldwide Holdings Inc. 243,528 10,477
Standex International Corp. 126,049 10,352
Sun Hydraulics Corp. 250,113 10,345
John Bean Technologies Corp. 288,381 10,301
* TrueBlue Inc. 416,242 10,135
ESCO Technologies Inc. 259,964 10,133
* Nortek Inc. 112,271 9,908
Federal Signal Corp. 619,711 9,785
* Wabash National Corp. 686,865 9,685
Astec Industries Inc. 225,455 9,668
Comfort Systems USA Inc. 455,496 9,584
CIRCOR International Inc. 174,394 9,539
* Rush Enterprises Inc. Class A 344,433 9,424
* TriNet Group Inc. 263,043 9,267
Briggs & Stratton Corp. 451,084 9,265
* ACCO Brands Corp. 1,098,559 9,129
Lindsay Corp. 119,718 9,128
Griffon Corp. 519,538 9,056
ArcBest Corp. 236,198 8,950
* Tutor Perini Corp. 381,034 8,897
Multi-Color Corp. 124,044 8,600
* Wesco Aircraft Holdings Inc. 552,966 8,471
Hyster-Yale Materials Handling Inc. 115,149 8,439
General Cable Corp. 488,810 8,422
* ICF International Inc. 204,037 8,335
Resources Connection Inc. 473,171 8,280
McGrath RentCorp 249,776 8,220
* Team Inc. 210,319 8,198
Quanex Building Products Corp. 403,247 7,960
SkyWest Inc. 543,854 7,946
* American Woodmark Corp. 144,738 7,922
H&E Equipment Services Inc. 310,617 7,762
* Thermon Group Holdings Inc. 321,099 7,729

 

 

  Raven Industries Inc. 376,466 7,702
  Altra Industrial Motion Corp. 273,943 7,572
  Kadant Inc. 143,792 7,565
  Kforce Inc. 335,209 7,479
* MYR Group Inc. 230,332 7,219
* Lydall Inc. 226,973 7,200
  Encore Wire Corp. 189,893 7,193
  Advanced Drainage Systems Inc. 236,563 7,083
  Celadon Group Inc. 257,161 7,000
* RPX Corp. 484,868 6,977
* Aegion Corp. Class A 384,835 6,946
* Republic Airways Holdings Inc. 492,010 6,765
* Blount International Inc. 524,753 6,759
* Roadrunner Transportation Systems Inc. 263,822 6,667
  Primoris Services Corp. 382,516 6,575
* Navigant Consulting Inc. 505,743 6,554
  Marten Transport Ltd. 279,816 6,492
  Quad/Graphics Inc. 282,139 6,484
  Viad Corp. 230,437 6,411
  Gorman-Rupp Co. 213,392 6,391
  Columbus McKinnon Corp. 227,713 6,135
* GP Strategies Corp. 152,095 5,628
* DXP Enterprises Inc. 127,124 5,605
* Patrick Industries Inc. 89,961 5,602
  Heidrick & Struggles International Inc. 224,476 5,518
* Gibraltar Industries Inc. 324,982 5,333
  Acacia Research Corp. 496,069 5,308
  Alamo Group Inc. 83,368 5,263
* Air Transport Services Group Inc. 566,246 5,221
  Kelly Services Inc. Class A 297,650 5,191
* Aerovironment Inc. 195,802 5,191
* CBIZ Inc. 545,314 5,088
* Engility Holdings Inc. 169,263 5,085
  Titan International Inc. 539,182 5,047
  LB Foster Co. Class A 105,863 5,026
  HEICO Corp. Class A 101,171 5,012
* PGT Inc. 446,419 4,989
  Douglas Dynamics Inc. 216,880 4,954
  American Science & Engineering Inc. 99,928 4,882
* NCI Building Systems Inc. 276,620 4,780
  Park-Ohio Holdings Corp. 89,470 4,712
* GrafTech International Ltd. 1,178,995 4,586
  American Railcar Industries Inc. 91,254 4,538
  FreightCar America Inc. 141,943 4,461
* YRC Worldwide Inc. 248,320 4,460
  NN Inc. 177,762 4,458
  VSE Corp. 53,516 4,382
* Echo Global Logistics Inc. 156,345 4,262
* Vicor Corp. 277,529 4,218
* USA Truck Inc. 145,489 4,029
  Allied Motion Technologies Inc. 120,898 4,013
*,^ Plug Power Inc. 1,522,183 3,942
* Continental Building Products Inc. 171,740 3,880
  National Presto Industries Inc. 60,429 3,831
  Ennis Inc. 266,078 3,757
* CAI International Inc. 151,873 3,732
* PAM Transportation Services Inc. 63,743 3,651

 

 

  Argan Inc. 98,813 3,574
* SP Plus Corp. 163,043 3,562
  Insteel Industries Inc. 161,375 3,491
* ARC Document Solutions Inc. 375,296 3,464
* CRA International Inc. 108,870 3,388
* Kratos Defense & Security Solutions Inc. 612,483 3,387
* Great Lakes Dredge & Dock Corp. 557,388 3,350
  Kimball International Inc. Class B 311,517 3,265
  Barrett Business Services Inc. 75,880 3,251
* Veritiv Corp. 73,399 3,239
* Covenant Transportation Group Inc. Class A 97,636 3,238
* Builders FirstSource Inc. 475,791 3,174
* Paylocity Holding Corp. 110,617 3,168
* Accuride Corp. 663,146 3,090
* Mistras Group Inc. 159,280 3,068
  Powell Industries Inc. 89,243 3,014
* Ducommun Inc. 112,690 2,919
* Enphase Energy Inc. 219,951 2,901
*,^ FuelCell Energy Inc. 2,263,111 2,829
* Power Solutions International Inc. 42,666 2,743
* Northwest Pipe Co. 118,963 2,730
* PowerSecure International Inc. 204,188 2,687
*,^ KEYW Holding Corp. 325,199 2,676
* Quality Distribution Inc. 258,497 2,670
* Furmanite Corp. 334,350 2,638
  Civeo Corp. 1,036,586 2,633
* Ply Gem Holdings Inc. 202,400 2,631
* Vectrus Inc. 102,640 2,616
* Orion Marine Group Inc. 293,114 2,597
*,^ Titan Machinery Inc. 188,594 2,518
  CDI Corp. 178,023 2,501
* InnerWorkings Inc. 368,132 2,474
* Franklin Covey Co. 126,825 2,443
  Global Brass & Copper Holdings Inc. 154,594 2,388
  CECO Environmental Corp. 224,140 2,378
* Virgin America Inc. 77,700 2,362
* Stock Building Supply Holdings Inc. 130,063 2,349
* Xerium Technologies Inc. 141,272 2,291
  Global Power Equipment Group Inc. 171,786 2,268
  Courier Corp. 92,075 2,254
  Miller Industries Inc. 89,279 2,187
*,^ Capstone Turbine Corp. 3,288,499 2,138
  Houston Wire & Cable Co. 210,288 2,046
  Graham Corp. 85,180 2,042
* Pendrell Corp. 1,512,176 1,966
* Magnetek Inc. 50,600 1,949
* Commercial Vehicle Group Inc. 288,840 1,860
  Dynamic Materials Corp. 139,477 1,781
  LSI Industries Inc. 217,180 1,770
  Hurco Cos. Inc. 53,592 1,765
  American Airlines Group Inc. 33,154 1,750
  Universal Truckload Services Inc. 64,872 1,633
* Lawson Products Inc. 69,219 1,607
* Sparton Corp. 58,873 1,442
* Cenveo Inc. 655,665 1,403
* NL Industries Inc. 180,617 1,400
  Twin Disc Inc. 76,884 1,359

 

 

* Willis Lease Finance Corp. 71,007 1,319
*,^ ExOne Co. 94,300 1,287
* Casella Waste Systems Inc. Class A 220,836 1,215
* CPI Aerostructures Inc. 98,215 1,198
* Hill International Inc. 333,036 1,196
* LMI Aerospace Inc. 96,055 1,173
* Ameresco Inc. Class A 155,142 1,148
* TRC Cos. Inc. 134,100 1,116
  Supreme Industries Inc. Class A 141,174 1,105
  Preformed Line Products Co. 25,605 1,079
* Manitex International Inc. 110,837 1,078
* Heritage-Crystal Clean Inc. 88,532 1,036
* Hudson Technologies Inc. 247,659 1,033
  SIFCO Industries Inc. 47,098 1,026
  Hardinge Inc. 87,338 1,013
* Layne Christensen Co. 197,624 990
*,^ Astrotech Corp. 304,120 943
*,^ Energy Recovery Inc. 355,003 919
* Performant Financial Corp. 270,188 919
  LS Starrett Co. Class A 46,889 891
* Willdan Group Inc. 52,106 825
* Sterling Construction Co. Inc. 181,516 820
* Active Power Inc. 350,181 767
*,^ Intersections Inc. 220,204 751
  Omega Flex Inc. 28,418 715
  International Shipholding Corp. 57,222 693
  Eastern Co. 33,245 667
* PMFG Inc. 141,412 658
* Adept Technology Inc. 105,339 648
* API Technologies Corp. 308,861 639
* Rand Logistics Inc. 193,713 630
* Arotech Corp. 196,409 611
* Broadwind Energy Inc. 121,621 608
*,^ Odyssey Marine Exploration Inc. 861,325 603
^ Baltic Trading Ltd. 404,557 603
  Providence and Worcester Railroad Co. 31,838 576
* Orion Energy Systems Inc. 168,122 528
* BlueLinx Holdings Inc. 477,956 516
* Virco Manufacturing Corp. 188,287 512
* Integrated Electrical Services Inc. 55,904 492
* Key Technology Inc. 38,521 491
* Innovative Solutions & Support Inc. 126,674 481
* Fuel Tech Inc. 153,272 480
* American Superconductor Corp. 71,938 463
* Gencor Industries Inc. 43,110 432
*,^ Revolution Lighting Technologies Inc. 388,332 431
* Hudson Global Inc. 147,778 403
  Ecology and Environment Inc. 45,100 400
* Ultralife Corp. 98,312 392
* MFRI Inc. 61,557 385
* Norcraft Cos. Inc. 14,445 369
* Tecumseh Products Co. 124,313 352
  RCM Technologies Inc. 51,770 347
* Patriot Transportation Holding Inc. 13,632 340
* Taylor Devices Inc. 27,295 329
*,^ Marathon Patent Group Inc. 49,141 286
* SL Industries Inc. 6,431 275

 

 

* Swisher Hygiene Inc. 144,205 267
* Alpha Pro Tech Ltd. 117,366 266
* Transcat Inc. 26,809 261
* Volt Information Sciences Inc. 21,604 254
* Jewett-Cameron Trading Co. Ltd. 23,964 247
* Perma-Fix Environmental Services 61,835 239
* Jason Industries Inc. 32,517 230
*,^ ARC Group Worldwide Inc. 43,022 230
* Mastech Holdings Inc. 24,567 224
*,^ Lightbridge Corp. 174,425 216
* Radiant Logistics Inc. 41,527 215
* CTPartners Executive Search Inc. 40,454 203
* General Finance Corp. 22,552 182
*,^ MagneGas Corp. 227,635 181
* American Electric Technologies Inc. 38,260 161
* Breeze-Eastern Corp. 15,615 161
* NV5 Holdings Inc. 9,700 159
* Versar Inc. 50,334 158
* Air T Inc. 6,100 150
*,^ Spherix Inc. 176,353 147
* Metalico Inc. 392,750 145
* Goldfield Corp. 74,900 145
* Rush Enterprises Inc. Class B 5,550 137
* Servotronics Inc. 19,902 137
*,^ Real Goods Solar Inc. Class A 470,102 126
*,^ ZBB Energy Corp. 219,798 125
* Luna Innovations Inc. 86,079 116
* AMREP Corp. 21,768 112
* Erickson Inc. 22,058 95
* Blue Earth Inc. 72,123 64
* General Employment Enterprises Inc. 67,800 63
* Essex Rental Corp. 47,545 63
* Industrial Services of America Inc. 13,228 59
  Hubbell Inc. Class A 500 53
* Lime Energy Co. 12,704 46
* Ideal Power Inc. 4,400 42
* DLH Holdings Corp. 19,113 38
* Ocean Power Technologies Inc. 70,275 34
  Chicago Rivet & Machine Co. 951 31
* LiqTech International Inc. 32,928 22
* Tel-Instrument Electronics Corp. 3,304 21
* Digital Power Corp. 11,401 9
* Micronet Enertec Technologies Inc. 3,100 9
  EnviroStar Inc. 2,900 9
  Espey Manufacturing & Electronics Corp. 100 3
* Quest Resource Holding Corp. 1,319 2
      6,393,034
Information Technology (16.2%)    
* LinkedIn Corp. Class A 1,035,186 258,652
* Twitter Inc. 5,040,634 252,435
* Qorvo Inc. 1,455,989 116,042
* FleetCor Technologies Inc. 741,233 111,867
  Activision Blizzard Inc. 4,895,650 111,254
* ServiceNow Inc. 1,303,615 102,699
  Maxim Integrated Products Inc. 2,793,194 97,231
* Palo Alto Networks Inc. 659,052 96,274
* Workday Inc. Class A 936,246 79,029

 

 

* ANSYS Inc. 883,137 77,884
  CDK Global Inc. 1,584,069 74,071
* Gartner Inc. 866,852 72,686
* Splunk Inc. 1,184,647 70,131
* Synopsys Inc. 1,507,669 69,835
* VMware Inc. Class A 849,262 69,648
  Broadridge Financial Solutions Inc. 1,185,323 65,205
* Trimble Navigation Ltd. 2,553,594 64,351
* CoStar Group Inc. 319,575 63,222
  Marvell Technology Group Ltd. 4,203,326 61,789
* Keysight Technologies Inc. 1,652,325 61,384
  Global Payments Inc. 666,787 61,131
  FactSet Research Systems Inc. 383,380 61,034
  Avnet Inc. 1,352,669 60,194
*,^ SunEdison Inc. 2,483,706 59,609
* Rackspace Hosting Inc. 1,152,116 59,438
* Arrow Electronics Inc. 938,297 57,377
  Jack Henry & Associates Inc. 806,849 56,391
* Vantiv Inc. Class A 1,424,148 53,690
* Cadence Design Systems Inc. 2,877,745 53,066
* ON Semiconductor Corp. 4,298,036 52,049
  IAC/InterActiveCorp 761,352 51,368
  Brocade Communications Systems Inc. 4,262,392 50,573
* NCR Corp. 1,660,301 48,995
* Fortinet Inc. 1,367,339 47,789
* Ultimate Software Group Inc. 279,176 47,447
* Informatica Corp. 1,066,821 46,785
* Zebra Technologies Corp. 500,263 45,381
  Jabil Circuit Inc. 1,907,984 44,609
  Cypress Semiconductor Corp. 3,098,572 43,721
  CDW Corp. 1,173,359 43,696
  MAXIMUS Inc. 646,940 43,190
* Cognex Corp. 855,679 42,433
*,^ Zillow Group Inc. Class A 420,482 42,174
  SS&C Technologies Holdings Inc. 665,141 41,438
* PTC Inc. 1,144,407 41,393
* WEX Inc. 383,218 41,142
* Freescale Semiconductor Ltd. 990,580 40,376
  Teradyne Inc. 2,138,657 40,314
  Belden Inc. 423,531 39,626
* Tyler Technologies Inc. 324,963 39,168
*,^ Cree Inc. 1,103,584 39,166
* VeriFone Systems Inc. 1,111,102 38,766
* Ingram Micro Inc. 1,528,748 38,402
* Cavium Inc. 533,145 37,757
* ARRIS Group Inc. 1,295,162 37,424
* Manhattan Associates Inc. 733,745 37,135
* Verint Systems Inc. 596,396 36,935
* Tableau Software Inc. Class A 393,228 36,381
* Guidewire Software Inc. 687,083 36,147
* Nuance Communications Inc. 2,506,692 35,971
* Genpact Ltd. 1,541,859 35,848
  Solera Holdings Inc. 673,702 34,803
* Aspen Technology Inc. 893,053 34,374
  Atmel Corp. 4,124,240 33,942
* SolarWinds Inc. 650,138 33,313
* Microsemi Corp. 940,011 33,276

 

 

* IPG Photonics Corp. 349,488 32,398
* NetSuite Inc. 348,897 32,364
  DST Systems Inc. 289,801 32,084
  National Instruments Corp. 1,000,805 32,066
* Riverbed Technology Inc. 1,520,570 31,795
  FEI Co. 408,750 31,204
* CoreLogic Inc. 884,548 31,198
* AOL Inc. 763,727 30,251
* JDS Uniphase Corp. 2,279,752 29,910
* Synaptics Inc. 363,452 29,550
  j2 Global Inc. 448,973 29,489
* Pandora Media Inc. 1,804,358 29,249
* Integrated Device Technology Inc. 1,458,515 29,199
* CommScope Holding Co. Inc. 1,017,364 29,036
* Euronet Worldwide Inc. 489,700 28,770
* Yelp Inc. Class A 605,202 28,656
*,^ 3D Systems Corp. 1,028,914 28,213
  Fair Isaac Corp. 315,832 28,021
  Booz Allen Hamilton Holding Corp. Class A 960,982 27,811
* Qlik Technologies Inc. 883,808 27,513
* Aruba Networks Inc. 1,073,057 26,279
* HomeAway Inc. 863,495 26,052
  Leidos Holdings Inc. 613,460 25,741
  Lexmark International Inc. Class A 604,704 25,603
* ViaSat Inc. 424,389 25,298
* ACI Worldwide Inc. 1,128,241 24,438
* Infinera Corp. 1,234,893 24,290
  Mentor Graphics Corp. 961,122 23,096
  Diebold Inc. 638,906 22,656
  Convergys Corp. 985,670 22,542
  Plantronics Inc. 421,885 22,339
* EchoStar Corp. Class A 424,581 21,959
  Littelfuse Inc. 220,093 21,875
* Tech Data Corp. 373,564 21,581
  Blackbaud Inc. 454,423 21,531
  SYNNEX Corp. 273,838 21,154
* Fairchild Semiconductor International Inc. Class A 1,162,199 21,129
* Take-Two Interactive Software Inc. 826,088 21,028
* Finisar Corp. 984,725 21,014
* CACI International Inc. Class A 232,642 20,919
* Cirrus Logic Inc. 619,155 20,593
  Science Applications International Corp. 400,220 20,551
* Anixter International Inc. 268,268 20,423
* Ciena Corp. 1,041,777 20,117
* Sanmina Corp. 815,896 19,737
* Proofpoint Inc. 332,889 19,714
* Silicon Laboratories Inc. 385,886 19,591
* Electronics For Imaging Inc. 463,341 19,344
  Advent Software Inc. 435,202 19,197
* Demandware Inc. 313,233 19,076
* Envestnet Inc. 338,817 19,001
* Entegris Inc. 1,371,534 18,776
  Monolithic Power Systems Inc. 356,371 18,763
  InterDigital Inc. 367,534 18,649
* CommVault Systems Inc. 423,458 18,505
  Vishay Intertechnology Inc. 1,336,944 18,477
* Zynga Inc. Class A 6,468,141 18,434

 

 

  Tessera Technologies Inc. 457,357 18,422
* Universal Display Corp. 393,044 18,375
* PMC-Sierra Inc. 1,958,526 18,175
  Intersil Corp. Class A 1,265,567 18,123
* Polycom Inc. 1,334,651 17,884
  Methode Electronics Inc. 375,383 17,658
  MKS Instruments Inc. 518,714 17,538
* Semtech Corp. 657,411 17,517
* Blackhawk Network Holdings Inc. Class B 490,300 17,430
* comScore Inc. 334,497 17,126
  Sabre Corp. 703,935 17,106
* Rovi Corp. 932,799 16,986
* Dealertrack Technologies Inc. 435,524 16,776
  Heartland Payment Systems Inc. 357,996 16,772
* Synchronoss Technologies Inc. 352,558 16,732
*,^ Advanced Micro Devices Inc. 6,168,316 16,531
* Cardtronics Inc. 435,083 16,359
  Dolby Laboratories Inc. Class A 427,669 16,320
* NetScout Systems Inc. 371,333 16,283
* Syntel Inc. 311,899 16,135
*,^ Knowles Corp. 836,096 16,112
* Coherent Inc. 244,753 15,899
*,^ SunPower Corp. Class A 501,529 15,703
* WebMD Health Corp. 350,019 15,343
* MicroStrategy Inc. Class A 89,020 15,061
  Power Integrations Inc. 288,197 15,009
* IGATE Corp. 351,487 14,994
* OmniVision Technologies Inc. 563,952 14,871
* Ellie Mae Inc. 266,920 14,763
* Rogers Corp. 179,069 14,721
  EVERTEC Inc. 663,978 14,515
* Rambus Inc. 1,127,099 14,173
* Acxiom Corp. 761,339 14,077
* EPAM Systems Inc. 229,485 14,065
* Itron Inc. 384,354 14,033
* Cornerstone OnDemand Inc. 475,186 13,728
* OSI Systems Inc. 182,592 13,559
* Plexus Corp. 329,642 13,440
* Progress Software Corp. 493,697 13,414
*,^ NeuStar Inc. Class A 538,502 13,258
* LogMeIn Inc. 236,581 13,246
* QLogic Corp. 869,780 12,821
* Benchmark Electronics Inc. 526,224 12,645
  Monotype Imaging Holdings Inc. 383,952 12,532
* FireEye Inc. 309,031 12,129
* Veeco Instruments Inc. 395,998 12,098
* Infoblox Inc. 498,390 11,897
* Constant Contact Inc. 309,151 11,813
* Stamps.com Inc. 175,481 11,808
* Kulicke & Soffa Industries Inc. 754,295 11,790
* Cabot Microelectronics Corp. 233,763 11,681
* ExlService Holdings Inc. 311,252 11,579
* Insight Enterprises Inc. 402,836 11,489
* Zendesk Inc. 505,467 11,469
* Unisys Corp. 493,904 11,464
* Super Micro Computer Inc. 344,275 11,433
* ScanSource Inc. 280,332 11,395

 

 

* Cray Inc. 403,488 11,330
* LendingClub Corp. 575,500 11,309
  MTS Systems Corp. 148,754 11,253
* NETGEAR Inc. 340,146 11,184
*,^ InvenSense Inc. 731,741 11,130
* Virtusa Corp. 263,106 10,887
* Endurance International Group Holdings Inc. 567,400 10,815
* II-VI Inc. 582,974 10,762
* SPS Commerce Inc. 159,001 10,669
* TiVo Inc. 1,004,152 10,654
  Ebix Inc. 348,617 10,591
* Imperva Inc. 247,804 10,581
* Shutterstock Inc. 152,693 10,485
* FARO Technologies Inc. 168,605 10,475
  NIC Inc. 592,755 10,474
* RealPage Inc. 516,953 10,411
* Bottomline Technologies de Inc. 379,426 10,385
  CSG Systems International Inc. 340,828 10,358
* Diodes Inc. 361,990 10,338
* BroadSoft Inc. 298,428 9,985
* Amkor Technology Inc. 1,127,722 9,963
*,^ Gogo Inc. 522,661 9,962
  ADTRAN Inc. 533,490 9,960
* Advanced Energy Industries Inc. 383,921 9,851
* Web.com Group Inc. 509,813 9,661
* Sykes Enterprises Inc. 381,869 9,489
  Badger Meter Inc. 155,299 9,309
* Qualys Inc. 195,703 9,096
  ManTech International Corp. Class A 262,290 8,902
  Brooks Automation Inc. 718,447 8,356
  Micrel Inc. 552,398 8,330
* Harmonic Inc. 1,105,285 8,190
* Newport Corp. 416,143 7,932
  Pegasystems Inc. 364,566 7,929
* GrubHub Inc. 169,153 7,678
  AVX Corp. 536,335 7,654
^ Ubiquiti Networks Inc. 257,878 7,620
* Lattice Semiconductor Corp. 1,174,116 7,444
* Monster Worldwide Inc. 1,171,242 7,426
* Emulex Corp. 929,045 7,404
*,^ VASCO Data Security International Inc. 342,054 7,368
* Rofin-Sinar Technologies Inc. 303,526 7,354
  CTS Corp. 406,932 7,321
* RetailMeNot Inc. 401,057 7,223
* Marketo Inc. 279,113 7,151
  Epiq Systems Inc. 395,072 7,084
* Eastman Kodak Co. 372,665 7,077
* Ixia 581,886 7,058
* Perficient Inc. 336,627 6,965
* Ruckus Wireless Inc. 540,260 6,953
* DTS Inc. 201,693 6,872
* M/A-COM Technology Solutions Holdings Inc. 183,665 6,843
* Interactive Intelligence Group Inc. 164,386 6,769
* Bankrate Inc. 571,556 6,481
* PROS Holdings Inc. 260,135 6,428
* Actua Corp. 410,629 6,361
  TeleTech Holdings Inc. 241,693 6,151

 

 

* Internap Corp. 599,497 6,133
* Callidus Software Inc. 474,143 6,012
* Blucora Inc. 436,933 5,969
* Exar Corp. 591,228 5,942
* RealD Inc. 459,604 5,878
* XO Group Inc. 331,095 5,850
  Comtech Telecommunications Corp. 200,553 5,806
* CalAmp Corp. 350,316 5,672
* CEVA Inc. 259,041 5,523
* LivePerson Inc. 539,300 5,520
  Forrester Research Inc. 148,239 5,452
* Fabrinet 286,385 5,438
* Global Cash Access Holdings Inc. 710,119 5,411
* FormFactor Inc. 609,446 5,406
*,^ Nimble Storage Inc. 242,003 5,399
  Cass Information Systems Inc. 94,782 5,321
* Ultratech Inc. 298,149 5,170
  Checkpoint Systems Inc. 476,435 5,155
* Cvent Inc. 183,537 5,146
* TTM Technologies Inc. 566,054 5,100
* Mercury Systems Inc. 327,786 5,097
* Glu Mobile Inc. 1,016,566 5,093
  Integrated Silicon Solution Inc. 284,564 5,091
  EarthLink Holdings Corp. 1,117,685 4,963
  Park Electrochemical Corp. 229,535 4,949
  Pericom Semiconductor Corp. 310,466 4,803
* Photronics Inc. 564,303 4,797
* Tangoe Inc. 346,371 4,780
* Dice Holdings Inc. 529,498 4,723
* Xcerra Corp. 521,184 4,633
  Daktronics Inc. 428,092 4,628
  IXYS Corp. 375,544 4,627
*,^ Textura Corp. 169,977 4,620
* Comverse Inc. 233,852 4,607
* PDF Solutions Inc. 251,410 4,505
* Gigamon Inc. 211,911 4,501
* SciQuest Inc. 255,508 4,326
* Xoom Corp. 294,284 4,323
* SunEdison Semiconductor Ltd. 165,665 4,277
* Inphi Corp. 236,703 4,220
* Quantum Corp. 2,555,269 4,088
* Rudolph Technologies Inc. 368,414 4,060
* Applied Micro Circuits Corp. 778,522 3,970
* ShoreTel Inc. 580,255 3,957
  Black Box Corp. 185,253 3,877
* Intralinks Holdings Inc. 372,563 3,852
* DSP Group Inc. 320,448 3,839
* Sonus Networks Inc. 486,347 3,832
* ePlus Inc. 43,779 3,806
* Barracuda Networks Inc. 98,220 3,779
* Nanometrics Inc. 223,465 3,759
* Paycom Software Inc. 105,300 3,376
  NVE Corp. 47,378 3,265
  PC Connection Inc. 123,180 3,214
* Calix Inc. 381,657 3,202
* Silicon Graphics International Corp. 361,171 3,139
* Kimball Electronics Inc. 220,005 3,111

 

 

* Dot Hill Systems Corp. 581,357 3,081
* Lionbridge Technologies Inc. 536,303 3,068
* EnerNOC Inc. 267,581 3,050
* GSI Group Inc. 223,480 2,977
* Extreme Networks Inc. 927,839 2,932
  Cohu Inc. 266,327 2,914
* Bazaarvoice Inc. 513,101 2,899
* Limelight Networks Inc. 791,186 2,872
* Entropic Communications Inc. 958,642 2,838
* Sigma Designs Inc. 350,755 2,817
* Ciber Inc. 673,866 2,776
* Immersion Corp. 295,550 2,713
*,^ VirnetX Holding Corp. 444,713 2,708
* Liquidity Services Inc. 266,083 2,629
* Agilysys Inc. 266,087 2,618
* Violin Memory Inc. 685,672 2,585
* Procera Networks Inc. 274,665 2,579
* Multi-Fineline Electronix Inc. 140,889 2,574
* Digi International Inc. 253,262 2,528
  American Software Inc.Class A 244,954 2,503
* Angie's List Inc. 421,361 2,473
*,^ TrueCar Inc. 138,223 2,467
* Silver Spring Networks Inc. 275,879 2,466
* MoneyGram International Inc. 284,652 2,459
* Seachange International Inc. 312,314 2,452
* Mattson Technology Inc. 619,258 2,440
*,^ Maxwell Technologies Inc. 301,679 2,432
  Reis Inc. 94,017 2,411
* Oclaro Inc. 1,212,363 2,400
* Kopin Corp. 679,606 2,392
* Rally Software Development Corp. 151,196 2,372
* GTT Communications Inc. 125,244 2,365
  ModusLink Global Solutions Inc. 611,831 2,356
* TeleCommunication Systems Inc. Class A 593,485 2,273
* United Online Inc. 141,153 2,249
* Axcelis Technologies Inc. 930,684 2,215
* Zix Corp. 559,817 2,200
* Datalink Corp. 177,305 2,135
  Electro Rent Corp. 187,935 2,131
* Vitesse Semiconductor Corp. 401,017 2,129
  Electro Scientific Industries Inc. 342,546 2,117
* Benefitfocus Inc. 57,521 2,116
  Hackett Group Inc. 236,210 2,112
* KVH Industries Inc. 139,084 2,103
* Vishay Precision Group Inc. 131,345 2,092
* Carbonite Inc. 143,627 2,054
* Brightcove Inc. 272,567 1,998
* QuinStreet Inc. 335,580 1,997
  Alliance Fiber Optic Products Inc. 114,019 1,986
* ServiceSource International Inc. 635,906 1,971
* Mavenir Systems Inc. 109,037 1,934
* MaxLinear Inc. 237,747 1,933
* Kemet Corp. 458,268 1,897
* ChannelAdvisor Corp. 192,544 1,866
* Telenav Inc. 232,189 1,839
* Ultra Clean Holdings Inc. 254,094 1,817
* Jive Software Inc. 349,925 1,795

 

 

* HubSpot Inc. 44,344 1,769
* Napco Security Technologies Inc. 305,202 1,767
* PFSweb Inc. 159,225 1,750
  QAD Inc. Class A 72,055 1,744
* Autobytel Inc. 116,348 1,718
* Amtech Systems Inc. 150,511 1,683
  Mesa Laboratories Inc. 22,990 1,660
* RealNetworks Inc. 244,759 1,647
* Key Tronic Corp. 150,358 1,618
*,^ Rocket Fuel Inc. 175,541 1,615
*,^ Park City Group Inc. 115,284 1,589
* Q2 Holdings Inc. 71,679 1,515
  Bel Fuse Inc. Class B 79,406 1,511
  Digimarc Corp. 68,170 1,496
* Intevac Inc. 240,318 1,476
*,^ Research Frontiers Inc. 237,493 1,449
* PRGX Global Inc. 357,507 1,437
* Clearfield Inc. 93,489 1,386
* EMCORE Corp. 252,337 1,373
* Novatel Wireless Inc. 282,485 1,362
* Rubicon Project Inc. 71,009 1,272
  MOCON Inc. 75,913 1,269
* AXT Inc. 463,041 1,246
*,^ Coupons.com Inc. 104,033 1,221
  TESSCO Technologies Inc. 49,477 1,220
* Rosetta Stone Inc. 159,338 1,213
* Frequency Electronics Inc. 86,835 1,211
* PCM Inc. 128,872 1,204
* Varonis Systems Inc. 46,826 1,202
* Model N Inc. 98,098 1,173
  Marchex Inc. Class B 286,580 1,169
* ANADIGICS Inc. 853,426 1,161
*,^ Neonode Inc. 365,294 1,158
* Qumu Corp. 86,341 1,157
* Planar Systems Inc. 183,869 1,157
* Numerex Corp. Class A 99,268 1,132
*,^ MicroVision Inc. 325,649 1,117
  Information Services Group Inc. 271,734 1,084
* Support.com Inc. 694,701 1,084
* Cascade Microtech Inc. 79,500 1,080
  Communications Systems Inc. 94,152 1,074
  Computer Task Group Inc. 144,149 1,054
  PC-Tel Inc. 130,259 1,042
  Evolving Systems Inc. 117,969 1,028
* Guidance Software Inc. 188,957 1,022
  Aware Inc. 231,356 1,018
*,^ Mitek Systems Inc. 319,044 1,008
  Richardson Electronics Ltd. 109,640 985
* Aviat Networks Inc. 804,534 957
* MobileIron Inc. 103,326 957
* MoSys Inc. 455,318 956
* Pixelworks Inc. 189,917 953
* Rubicon Technology Inc. 240,740 949
*,^ QuickLogic Corp. 482,225 931
  Astro-Med Inc. 65,498 916
* BSQUARE Corp. 190,233 892
* TechTarget Inc. 77,166 890

 

 

* NeoPhotonics Corp. 131,640 889
* Applied Optoelectronics Inc. 63,312 879
* Imation Corp. 217,055 875
* Rightside Group Ltd. 85,015 863
* Higher One Holdings Inc. 351,978 852
*,^ CVD Equipment Corp. 61,399 847
*,^ TubeMogul Inc. 59,215 818
* Yodlee Inc. 60,698 817
* iPass Inc. 758,383 804
*,^ Digital Turbine Inc. 245,207 799
  Perceptron Inc. 58,842 795
* Unwired Planet Inc. 1,387,577 793
* ID Systems Inc. 124,524 793
*,^ Uni-Pixel Inc. 111,198 778
* Everyday Health Inc. 60,491 778
  TransAct Technologies Inc. 130,847 773
*,^ ParkerVision Inc. 926,668 769
* Mattersight Corp. 123,051 763
* Hutchinson Technology Inc. 283,632 757
* FalconStor Software Inc. 479,441 743
* Marin Software Inc. 118,017 742
*,^ Millennial Media Inc. 511,035 741
* Covisint Corp. 364,121 739
* Travelzoo Inc. 75,878 731
* WidePoint Corp. 545,675 720
* GSI Technology Inc. 121,112 715
* CyberOptics Corp. 70,691 712
* LRAD Corp. 295,952 695
* USA Technologies Inc. 252,767 695
*,^ MeetMe Inc. 371,516 691
* Data I/O Corp. 180,066 666
* Identiv Inc. 76,856 659
* Innodata Inc. 241,660 638
* Amber Road Inc. 67,882 628
*,^ Energous Corp. 64,591 610
* Wireless Telecom Group Inc. 231,511 602
* Alpha & Omega Semiconductor Ltd. 66,659 594
* Radisys Corp. 275,790 593
* Cyan Inc. 142,153 567
* Datawatch Corp. 81,185 551
*,^ OPOWER Inc. 54,040 547
  NCI Inc. Class A 54,578 547
* Five9 Inc. 97,070 540
* CUI Global Inc. 90,645 531
* Westell Technologies Inc. Class A 393,529 516
* Demand Media Inc. 89,215 510
* Spark Networks Inc. 125,751 508
* A10 Networks Inc. 115,205 499
*,^ Vringo Inc. 766,757 499
* Onvia Inc. 108,483 495
* Audience Inc. 105,965 481
*,^ Crossroads Systems Inc. 177,804 452
* Planet Payment Inc. 236,350 449
* PAR Technology Corp. 106,779 447
  Optical Cable Corp. 112,873 444
*,^ Box Inc. 22,013 435
* eGain Corp. 130,358 430

 

 

  CSP Inc. 63,018 427
* Infosonics Corp. 187,832 423
  ClearOne Inc. 39,581 422
  TheStreet Inc. 234,379 422
  Concurrent Computer Corp. 63,574 402
* YuMe Inc. 76,223 396
* Edgewater Technology Inc. 57,296 392
* Inuvo Inc. 187,710 389
* Tremor Video Inc. 155,212 363
* ClearSign Combustion Corp. 66,692 353
* StarTek Inc. 46,382 346
  GlobalSCAPE Inc. 100,216 343
* IEC Electronics Corp. 91,854 343
* NetSol Technologies Inc. 58,519 340
* LoJack Corp. 117,277 335
* Aerohive Networks Inc. 75,088 335
* Zhone Technologies Inc. 251,481 327
* Viasystems Group Inc. 18,153 318
* Echelon Corp. 321,564 305
* GSE Systems Inc. 200,594 301
* Care.com Inc. 39,377 298
* Sonic Foundry Inc. 29,544 286
  QAD Inc. Class B 14,091 282
*,^ Wave Systems Corp. Class A 395,991 273
* Digital Ally Inc. 21,121 269
* Internet Patents Corp. 100,800 269
* Meru Networks Inc. 180,979 261
* Lantronix Inc. 140,011 253
* Speed Commerce Inc. 377,844 241
*,^ LiveDeal Inc. 74,589 235
* InterCloud Systems Inc. 104,284 229
* Borderfree Inc. 38,126 229
* BroadVision Inc. 37,841 229
* Smith Micro Software Inc. 174,042 223
* MaxPoint Interactive Inc. 23,138 222
* Hortonworks Inc. 9,267 221
* eMagin Corp. 85,535 209
* Envivio Inc. 111,337 197
* Netlist Inc. 333,452 193
* LGL Group Inc. 47,780 190
* Ikanos Communications Inc. 67,292 189
* RELM Wireless Corp. 30,280 185
*,^ Resonant Inc. 26,100 185
* Synacor Inc. 80,342 182
* Intermolecular Inc. 109,027 179
*,^ Local Corp. 381,029 175
* Video Display Corp. 71,008 169
* Selectica Inc. 25,943 169
* Asure Software Inc. 27,280 157
* Exa Corp. 12,923 154
* TSR Inc. 27,043 135
*,^ Document Security Systems Inc. 357,332 129
*,^ Net Element Inc. 104,348 121
*,^ NXT-ID Inc. 38,806 114
*,^ Liquid Holdings Group Inc. 407,491 114
* STR Holdings Inc. 77,504 111
* New Relic Inc. 3,080 107

 

 

  Bel Fuse Inc. Class A 5,719 105
*,^ Acorn Energy Inc. 208,597 102
*,^ Remark Media Inc. 23,604 101
*,^ Ascent Solar Technologies Inc. 89,638 100
* GigOptix Inc. 77,419 94
* Blackhawk Network Holdings Inc. 2,465 88
  RF Industries Ltd. 20,988 86
* ATRM Holdings Inc. 21,572 73
* Bridgeline Digital Inc. 144,377 71
*,^ Superconductor Technologies Inc. 46,993 66
* Iteris Inc. 34,860 63
* LightPath Technologies Inc. Class A 63,678 62
* Applied DNA Sciences Inc. 23,831 62
* Image Sensing Systems Inc. 26,300 61
* Intellicheck Mobilisa Inc. 35,937 56
* Majesco Entertainment Co. 49,677 54
* Interphase Corp. 35,245 53
* inTEST Corp. 12,602 52
  Wayside Technology Group Inc. 2,700 48
* Xplore Technologies Corp. 6,900 44
* Looksmart Ltd. 69,526 42
* Advanced Photonix Inc. Class A 99,780 40
*,^ Viggle Inc. 26,759 38
* MRV Communications Inc. 4,500 33
* xG Technology Inc. 118,049 33
* Giga-tronics Inc. 18,200 30
* Sevcon Inc. 3,344 27
* Sysorex Global Holdings Corp. 22,396 25
* ADDvantage Technologies Group Inc. 10,200 24
  Vicon Industries Inc. 12,700 22
* Daegis Inc. 31,670 21
* Sutron Corp. 3,900 20
* SigmaTron International Inc. 2,200 16
* Dataram Corp. 6,475 14
* Qualstar Corp. 9,220 14
* TigerLogic Corp. 31,880 13
*,^ WPCS International Inc. 55,320 10
* Inventergy Global Inc. 14,767 10
* RMG Networks Holding Corp. 7,500 9
* Cover-All Technologies Inc. 9,331 9
* Voltari Corp. 8,435 9
* Aehr Test Systems 3,200 7
* LGL GROUP Inc. Warrants Exp. 06/8/2018 238,900 3
* IntriCon Corp. 400 3
* Finjan Holdings Inc. 1,200 2
* Glowpoint Inc. 1,550 1
* MAM Software Group Inc. 200 1
* Blonder Tongue Laboratories 300 —
      7,270,352
Materials (4.9%)    
  Rock-Tenn Co. Class A 1,382,792 89,190
  Celanese Corp. Class A 1,513,917 84,567
  Ashland Inc. 629,654 80,161
  Packaging Corp. of America 970,812 75,908
* Crown Holdings Inc. 1,366,197 73,802
* WR Grace & Co. 727,044 71,883
  RPM International Inc. 1,315,454 63,129

 

 

Valspar Corp. 733,377 61,626
Albemarle Corp. 1,108,017 58,548
NewMarket Corp. 105,059 50,197
Steel Dynamics Inc. 2,372,331 47,684
Reliance Steel & Aluminum Co. 766,070 46,792
Graphic Packaging Holding Co. 3,217,550 46,783
Sonoco Products Co. 1,009,570 45,895
Bemis Co. Inc. 956,442 44,293
Huntsman Corp. 1,997,435 44,283
* Berry Plastics Group Inc. 1,163,188 42,096
Eagle Materials Inc. 493,581 41,244
Royal Gold Inc. 641,920 40,512
AptarGroup Inc. 611,665 38,853
Cytec Industries Inc. 709,676 38,351
United States Steel Corp. 1,430,450 34,903
PolyOne Corp. 892,770 33,345
Sensient Technologies Corp. 472,578 32,551
Axiall Corp. 693,230 32,540
Compass Minerals International Inc. 331,190 30,870
* Platform Specialty Products Corp. 1,194,141 30,642
Scotts Miracle-Gro Co. Class A 444,113 29,831
Domtar Corp. 633,368 29,274
Westlake Chemical Corp. 406,528 29,246
Cabot Corp. 631,211 28,404
KapStone Paper and Packaging Corp. 831,092 27,293
Minerals Technologies Inc. 339,640 24,828
Olin Corp. 770,505 24,687
Silgan Holdings Inc. 408,669 23,756
* Louisiana-Pacific Corp. 1,397,233 23,068
HB Fuller Co. 494,887 21,216
Carpenter Technology Corp. 524,787 20,404
Commercial Metals Co. 1,154,348 18,689
* Chemtura Corp. 682,128 18,615
Balchem Corp. 302,050 16,727
* Resolute Forest Products Inc. 935,987 16,146
* Stillwater Mining Co. 1,169,763 15,113
* Boise Cascade Co. 388,373 14,548
Schweitzer-Mauduit International Inc. 303,225 13,985
A Schulman Inc. 287,588 13,862
* Axalta Coating Systems Ltd. 491,267 13,569
Kaiser Aluminum Corp. 174,502 13,417
Worthington Industries Inc. 498,163 13,256
* Headwaters Inc. 722,079 13,243
Greif Inc. Class A 329,974 12,958
* Clearwater Paper Corp. 192,786 12,589
Tronox Ltd. Class A 595,169 12,100
Innophos Holdings Inc. 213,844 12,052
Globe Specialty Metals Inc. 626,826 11,860
PH Glatfelter Co. 430,309 11,846
Innospec Inc. 243,810 11,310
* RTI International Metals Inc. 312,426 11,219
Calgon Carbon Corp. 532,081 11,211
Quaker Chemical Corp. 130,737 11,196
* Ferro Corp. 858,994 10,780
Hecla Mining Co. 3,593,423 10,708
Neenah Paper Inc. 161,809 10,120
TimkenSteel Corp. 379,013 10,032

 

 

  SunCoke Energy Inc. 653,305 9,760
  OM Group Inc. 320,618 9,628
  Materion Corp. 244,220 9,385
* LSB Industries Inc. 205,872 8,509
  Stepan Co. 192,378 8,014
*,^ AK Steel Holding Corp. 1,726,723 7,718
  Deltic Timber Corp. 116,383 7,710
^ Cliffs Natural Resources Inc. 1,508,639 7,257
* Flotek Industries Inc. 487,305 7,183
* Century Aluminum Co. 504,860 6,967
* Horsehead Holding Corp. 534,037 6,761
* Kraton Performance Polymers Inc. 329,638 6,662
* Intrepid Potash Inc. 554,329 6,402
  Rayonier Advanced Materials Inc. 419,206 6,246
* Mercer International Inc. 405,192 6,224
  Haynes International Inc. 134,122 5,983
  Myers Industries Inc. 333,664 5,849
  Wausau Paper Corp. 568,194 5,415
  Tredegar Corp. 257,759 5,184
* Coeur Mining Inc. 1,047,058 4,932
  Zep Inc. 272,668 4,644
* OMNOVA Solutions Inc. 496,575 4,236
  Schnitzer Steel Industries Inc. 264,707 4,198
  Koppers Holdings Inc. 212,612 4,184
* US Concrete Inc. 114,984 3,896
  Hawkins Inc. 97,595 3,708
  Kronos Worldwide Inc. 247,090 3,126
*,^ McEwen Mining Inc. 2,788,298 2,844
  American Vanguard Corp. 263,036 2,793
* Handy & Harman Ltd. 67,082 2,754
* Rentech Inc. 2,439,115 2,732
* Senomyx Inc. 611,606 2,697
* AEP Industries Inc. 43,386 2,388
  Noranda Aluminum Holding Corp. 736,120 2,186
  FutureFuel Corp. 209,828 2,155
  Olympic Steel Inc. 139,603 1,879
  Ampco-Pittsburgh Corp. 106,061 1,852
  Chase Corp. 39,225 1,715
* Universal Stainless & Alloy Products Inc. 63,687 1,670
  KMG Chemicals Inc. 51,696 1,382
  Gold Resource Corp. 392,273 1,251
* Trecora Resources 102,155 1,246
*,^ Paramount Gold and Silver Corp. 1,216,549 1,229
  United States Lime & Minerals Inc. 18,446 1,190
* Trinseo SA 59,324 1,175
* Codexis Inc. 256,278 1,169
  Synalloy Corp. 80,107 1,166
* Summit Materials Inc. Class A 46,315 1,026
* Core Molding Technologies Inc. 58,807 1,009
*,^ Molycorp Inc. 1,949,572 751
* AM Castle & Co. 165,643 605
* UFP Technologies Inc. 18,526 422
^ Walter Energy Inc. 671,521 416
* Marrone Bio Innovations Inc. 101,940 394
* General Moly Inc. 772,258 394
*,^ BioAmber Inc. 42,546 371
* TOR Minerals International Inc. 59,129 365

 

 

* Midway Gold Corp. 1,051,255 336
* Verso Corp. 162,090 292
* Solitario Exploration & Royalty Corp. 381,460 286
* Ryerson Holding Corp. 37,218 237
* Comstock Mining Inc. 369,766 222
* US Antimony Corp. 181,971 124
* Mines Management Inc. 200,193 94
*,^ Golden Minerals Co. 173,261 71
*,^ Silver Bull Resources Inc. 463,119 51
* ForceField Energy Inc. 4,010 30
* Metabolix Inc. 41,212 26
* Timberline Resources Corp. 30,567 20
* Continental Materials Corp. 900 16
* Allied Nevada Gold Corp. 407 —
      2,218,618
Other (0.0%)    
* Leap Wireless International Inc CVR 524,960 1,323
* Furiex Pharmaceuticals Inc. CVR 77,743 760
* Adolor Corp. Rights Exp. 07/01/2019 596,841 310
* Camco Financial Corp. Warrants Expire 11/06/2017 45,300 295
* Chelsea Therapeutics International Ltd. CVR Exp. 12/31/2016 912,063 100
* Cubist Pharmaceuticals, Inc. CVR 178,549 23
* Ambit Biosciences Corp. CVR Rights 22,388 14
* Forest Laboratories Inc. Contingent Value Rights Exp. 04/14/2018 131,308 —
* Gerber Scientific Inc. CVR 161,151 —
      2,825
Telecommunication Services (1.0%)    
* SBA Communications Corp. Class A 1,273,458 149,122
* T-Mobile US Inc. 2,630,388 83,357
* Sprint Corp. 7,788,920 36,920
  Telephone & Data Systems Inc. 964,739 24,022
  Cogent Communications Holdings Inc. 418,962 14,802
  Consolidated Communications Holdings Inc. 456,061 9,304
*,^ Globalstar Inc. 2,481,049 8,262
* Vonage Holdings Corp. 1,679,078 8,244
* Cincinnati Bell Inc. 2,194,541 7,747
  Shenandoah Telecommunications Co. 246,699 7,687
  Atlantic Tele-Network Inc. 109,921 7,609
* Iridium Communications Inc. 736,977 7,156
* 8x8 Inc. 840,598 7,061
* General Communication Inc. Class A 426,159 6,716
* inContact Inc. 576,336 6,282
  Spok Holdings Inc. 294,325 5,642
  Inteliquent Inc. 357,263 5,623
* United States Cellular Corp. 157,290 5,618
* Premiere Global Services Inc. 552,095 5,278
* FairPoint Communications Inc. 291,562 5,132
* RingCentral Inc. Class A 238,782 3,661
  IDT Corp. Class B 194,030 3,444
  Lumos Networks Corp. 198,283 3,026
* ORBCOMM Inc. 447,176 2,670
* Intelsat SA 171,065 2,053
* Straight Path Communications Inc. Class B 88,422 1,761
* Hawaiian Telcom Holdco Inc. 54,289 1,446
*,^ Towerstream Corp. 580,307 1,253
* Boingo Wireless Inc. 149,661 1,128

 

 

* Alaska Communications Systems Group Inc. 534,891 899
NTELOS Holdings Corp. 156,968 753
* Alteva 66,323 480
* Elephant Talk Communications Corp. 687,554 261
* One Horizon Group Inc. 900 1
    434,420
Utilities (3.2%)    
American Water Works Co. Inc. 1,768,803 95,887
* Calpine Corp. 3,395,927 77,665
Alliant Energy Corp. 1,096,462 69,077
OGE Energy Corp. 1,978,641 62,545
ITC Holdings Corp. 1,541,064 57,682
UGI Corp. 1,699,121 55,374
Atmos Energy Corp. 991,619 54,837
National Fuel Gas Co. 833,415 50,280
Westar Energy Inc. Class A 1,290,065 50,003
Aqua America Inc. 1,741,273 45,883
Questar Corp. 1,748,515 41,720
MDU Resources Group Inc. 1,920,356 40,980
Great Plains Energy Inc. 1,517,646 40,491
Vectren Corp. 815,849 36,012
Cleco Corp. 601,818 32,811
Hawaiian Electric Industries Inc. 1,014,780 32,595
* Dynegy Inc. 1,018,137 32,000
IDACORP Inc. 496,394 31,208
Portland General Electric Co. 773,909 28,704
UIL Holdings Corp. 555,930 28,586
Piedmont Natural Gas Co. Inc. 768,748 28,375
WGL Holdings Inc. 490,575 27,668
Southwest Gas Corp. 457,054 26,587
New Jersey Resources Corp. 834,692 25,926
NorthWestern Corp. 454,902 24,469
PNM Resources Inc. 792,522 23,142
Black Hills Corp. 447,519 22,573
Laclede Group Inc. 435,180 22,290
ONE Gas Inc. 511,781 22,124
ALLETE Inc. 417,624 22,034
Avista Corp. 567,049 19,382
South Jersey Industries Inc. 334,415 18,152
NRG Yield Inc. Class A 333,697 16,928
El Paso Electric Co. 410,363 15,856
MGE Energy Inc. 342,519 15,180
American States Water Co. 378,915 15,115
Ormat Technologies Inc. 365,400 13,893
Northwest Natural Gas Co. 270,277 12,960
Pattern Energy Group Inc. Class A 438,118 12,408
Otter Tail Corp. 372,906 11,996
California Water Service Group 467,538 11,459
TerraForm Power Inc. Class A 313,755 11,455
Empire District Electric Co. 425,867 10,570
Chesapeake Utilities Corp. 165,399 8,371
Unitil Corp. 143,926 5,004
SJW Corp. 160,058 4,947
Middlesex Water Co. 176,606 4,020
Connecticut Water Service Inc. 93,291 3,389
York Water Co. 116,074 2,818
* Vivint Solar Inc. 195,000 2,367

 

 

  Artesian Resources Corp. Class A     81,518 1,744
  Delta Natural Gas Co. Inc.     76,021 1,479
  Genie Energy Ltd. Class B     161,662 1,285
* Cadiz Inc.     124,826 1,280
* Pure Cycle Corp.     166,939 841
  Gas Natural Inc.     41,651 415
* US Geothermal Inc.     596,977 285
  Spark Energy Inc. Class A     7,937 117
* American DG Energy Inc.     65,246 31
          1,433,275
Total Common Stocks (Cost $31,803,397)       44,730,971
          Market
          Value
    Coupon   Shares ($000)
Temporary Cash Investments (1.5%)1        
Money Market Fund (1.4%)        
2,3 Vanguard Market Liquidity Fund 0.128%   634,960,819 634,961
 
        Face Market
      Maturity Amount Value
    Coupon Date ($000) ($000)
U.S. Government and Agency Obligations (0.1%)        
4,5 Federal Home Loan Bank Discount Notes 0.100% 4/24/15 2,700 2,700
5,6 Freddie Mac Discount Notes 0.120% 4/14/15 10,000 9,999
          12,699
Total Temporary Cash Investments (Cost $647,660)       647,660
Total Investments (101.1%) (Cost $32,451,057)       45,378,631
Other Assets and Liabilities-Net (-1.1%)3       (486,960)
Net Assets (100%)       44,891,671

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $494,301,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts and
equity swap contracts. After giving effect to futures investments, the fund's effective common stock and temporary
cash investment positions represent 99.7% and 1.4%, respectively, of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
3 Includes $537,628,000 of collateral received for securities on loan.
4 The issuer operates under a congressional charter; its securities are generally neither guaranteed by the U.S.
Treasury nor backed by the full faith and credit of the U.S. government.
5 Securities with a value of $3,100,000 have been segregated as initial margin for open futures contracts.
6 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
REIT—Real Estate Investment Trust.

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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued

 

Extended Market Index Fund

using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

B. Various inputs may be used to determine the value of the fund's investments. 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).

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 44,728,146 295 2,530
Temporary Cash Investments 634,961 12,699 —
Futures Contracts—Assets1 68 — —
Futures Contracts—Liabilities1 (242) — —
Swap Contracts—Liabilities — (72) —
Total 45,362,933 12,922 2,530
1 Represents variation margin on the last day of the reporting period.

 

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

 

Extended Market Index Fund

      ($000)
 
      Aggregate  
    Number of Settlement Unrealized
    Long (Short) Value Long Appreciation
Futures Contracts Expiration Contracts (Short) (Depreciation) 
E-mini S&P MidCap 400 Index June 2015 253 38,451 675

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.

D. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund's target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.

The notional amounts of swap contracts are not recorded in the Schedule of Investments. Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as unrealized appreciation (depreciation) until termination of the swap, at which time realized gain (loss) is recorded. A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund's maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.

At March 31, 2015, the fund had the following open total return swap contracts:

        Floating Unrealized
      Notional Interest Rate Appreciation
  Termination   Amount Received (Depreciation)
Reference Entity Date Counterparty1 ($000) (Paid) ($000)
Ambac Financial Group 4/6/15 GSCM 1,247 (0.568) (37)
Ambac Financial Group 4/6/15 GSCM 922 (0.567) (27)
Ambac Financial Group 4/6/15 GSCM 200 (0.566) (6)

 

 

Extended Market Index Fund

Ambac Financial Group 4/6/15 GSCM 50 (0.569) (2)
          (72)
1 GSCM—Goldman Sachs Bank USA.

 

E. At March 31, 2015, the cost of investment securities for tax purposes was $32,457,297,000. Net unrealized appreciation of investment securities for tax purposes was $12,921,334,000, consisting of unrealized gains of $15,005,902,000 on securities that had risen in value since their purchase and $2,084,568,000 in unrealized losses on securities that had fallen in value since their purchase.


Vanguard Total Stock Market Index Fund

Schedule of Investments
As of March 31, 2015

    Market
    Value
  Shares ($000)
Common Stocks (99.4%)1    
Basic Materials (2.7%)    
EI du Pont de Nemours & Co. 15,967,477 1,141,196
Dow Chemical Co. 20,404,877 979,026
Praxair Inc. 5,107,702 616,704
LyondellBasell Industries NV Class A 6,727,884 590,708
Ecolab Inc. 4,755,707 543,958
PPG Industries Inc. 2,401,620 541,661
Air Products & Chemicals Inc. 3,396,367 513,802
International Paper Co. 7,444,556 413,098
Freeport-McMoRan Inc. 18,306,654 346,911
Sigma-Aldrich Corp. 2,092,649 289,309
Alcoa Inc. 21,534,769 278,229
Mosaic Co. 5,813,486 267,769
Nucor Corp. 5,607,108 266,506
CF Industries Holdings Inc. 844,691 239,622
Newmont Mining Corp. 8,792,389 190,883
International Flavors & Fragrances Inc. 1,421,122 166,840
Eastman Chemical Co. 2,346,482 162,517
Ashland Inc. 1,217,294 154,974
Celanese Corp. Class A 2,699,560 150,797
FMC Corp. 2,336,491 133,764
Airgas Inc. 1,185,903 125,836
* WR Grace & Co. 1,229,694 121,580
CONSOL Energy Inc. 4,050,125 112,958
RPM International Inc. 2,340,509 112,321
Albemarle Corp. 1,974,893 104,353
NewMarket Corp. 187,168 89,429
Avery Dennison Corp. 1,599,775 84,644
Huntsman Corp. 3,643,723 80,781
Steel Dynamics Inc. 4,010,227 80,606
Reliance Steel & Aluminum Co. 1,295,452 79,126
Royal Gold Inc. 1,085,407 68,500
Cytec Industries Inc. 1,263,282 68,268
United States Steel Corp. 2,552,472 62,280
PolyOne Corp. 1,599,105 59,727
Sensient Technologies Corp. 844,518 58,170
Axiall Corp. 1,233,055 57,880
Allegheny Technologies Inc. 1,924,639 57,758
* Platform Specialty Products Corp. 2,241,200 57,509
Compass Minerals International Inc. 595,046 55,464
Domtar Corp. 1,135,492 52,482
Westlake Chemical Corp. 705,828 50,777
KapStone Paper and Packaging Corp. 1,524,618 50,068
* Polypore International Inc. 782,659 46,099
Cabot Corp. 1,016,861 45,759
Minerals Technologies Inc. 610,985 44,663
Olin Corp. 1,370,950 43,925
HB Fuller Co. 886,050 37,985
* Chemtura Corp. 1,271,548 34,701
Carpenter Technology Corp. 886,443 34,465

 

 

^ US Silica Holdings Inc. 947,858 33,753
  Commercial Metals Co. 2,061,596 33,377
  Balchem Corp. 544,576 30,159
* Axalta Coating Systems Ltd. 1,034,228 28,565
* Stillwater Mining Co. 2,108,075 27,236
  Kaiser Aluminum Corp. 319,707 24,582
  Worthington Industries Inc. 904,979 24,082
^ Peabody Energy Corp. 4,805,720 23,644
  A Schulman Inc. 489,356 23,587
* Cambrex Corp. 568,597 22,534
  Tronox Ltd. Class A 1,068,549 21,724
  Innophos Holdings Inc. 384,029 21,644
* Clearwater Paper Corp. 325,155 21,233
  Globe Specialty Metals Inc. 1,094,053 20,700
  PH Glatfelter Co. 749,158 20,624
* Resolute Forest Products Inc. 1,190,517 20,536
  Calgon Carbon Corp. 943,557 19,881
* RTI International Metals Inc. 551,127 19,791
  Hecla Mining Co. 6,488,810 19,337
  Quaker Chemical Corp. 225,047 19,273
* Ferro Corp. 1,531,739 19,223
  Innospec Inc. 411,896 19,108
  Neenah Paper Inc. 295,213 18,463
  SunCoke Energy Inc. 1,111,591 16,607
  OM Group Inc. 530,490 15,931
  Stepan Co. 338,390 14,097
* LSB Industries Inc. 338,985 14,010
*,^ AK Steel Holding Corp. 2,915,218 13,031
  Deltic Timber Corp. 196,274 13,003
* Horsehead Holding Corp. 978,033 12,382
^ Cliffs Natural Resources Inc. 2,485,859 11,957
* Century Aluminum Co. 861,083 11,883
* Kraton Performance Polymers Inc. 579,397 11,710
* Intrepid Potash Inc. 1,009,704 11,662
  Rayonier Advanced Materials Inc. 745,811 11,113
  Haynes International Inc. 216,587 9,662
  Aceto Corp. 436,703 9,607
  Tredegar Corp. 444,316 8,935
* Coeur Mining Inc. 1,821,276 8,578
* Westmoreland Coal Co. 282,515 7,560
  Wausau Paper Corp. 759,712 7,240
  Koppers Holdings Inc. 340,761 6,706
* OMNOVA Solutions Inc. 758,640 6,471
* Veritiv Corp. 143,819 6,347
  Zep Inc. 369,673 6,296
* Cloud Peak Energy Inc. 1,063,156 6,188
  Kronos Worldwide Inc. 453,713 5,740
  Hawkins Inc. 145,286 5,519
  American Vanguard Corp. 441,169 4,685
  Chase Corp. 99,106 4,334
* Rentech Inc. 3,858,791 4,322
*,^ Alpha Natural Resources Inc. 3,929,836 3,929
  FutureFuel Corp. 379,548 3,898
*,^ Arch Coal Inc. 3,796,291 3,796
*,^ FMSA Holdings Inc. 502,348 3,637
* Senomyx Inc. 754,931 3,329
  KMG Chemicals Inc. 123,460 3,300

 

 

* Handy & Harman Ltd. 71,880 2,951
* Universal Stainless & Alloy Products Inc. 104,499 2,740
  Gold Resource Corp. 813,270 2,594
  Noranda Aluminum Holding Corp. 778,595 2,312
*,^ Paramount Gold and Silver Corp. 2,286,461 2,309
  Hallador Energy Co. 194,631 2,275
*,^ Uranium Energy Corp. 1,502,213 2,253
  Synalloy Corp. 148,994 2,169
  Ampco-Pittsburgh Corp. 123,647 2,159
  Olympic Steel Inc. 146,347 1,970
* Codexis Inc. 406,990 1,856
*,^ Uranerz Energy Corp. 1,225,135 1,360
*,^ Uni-Pixel Inc. 186,960 1,309
*,^ Molycorp Inc. 3,053,122 1,176
* Northern Technologies International Corp. 60,956 1,165
*,^ Marrone Bio Innovations Inc. 263,964 1,022
^ Walter Energy Inc. 1,173,514 728
* NL Industries Inc. 92,843 720
*,^ Midway Gold Corp. 2,218,101 710
* Ryerson Holding Corp. 105,810 674
* Comstock Mining Inc. 1,063,693 638
* General Moly Inc. 1,063,551 542
  Friedman Industries Inc. 86,825 538
*,^ Verso Corp. 296,961 535
* Solitario Exploration & Royalty Corp. 536,555 402
  United-Guardian Inc. 21,119 400
*,^ Uranium Resources Inc. 271,014 360
^ Empire Resources Inc. 78,065 331
*,^ Metabolix Inc. 468,545 291
*,^ Golden Minerals Co. 688,429 282
* Dynasil Corp. of America 155,873 209
* RevettMining Co. Inc. 367,900 166
* Ikonics Corp. 6,410 102
* Mines Management Inc. 186,423 88
  Centrus Energy Corp. Class A 13,037 67
* TOR Minerals International Inc. 2,580 16
      10,826,328
Consumer Goods (9.8%)    
  Procter & Gamble Co. 47,627,189 3,902,572
  Coca-Cola Co. 69,308,774 2,810,471
  PepsiCo Inc. 26,151,329 2,500,590
  Philip Morris International Inc. 27,287,241 2,055,548
  Altria Group Inc. 34,790,398 1,740,216
  NIKE Inc. Class B 12,099,304 1,213,923
  Colgate-Palmolive Co. 16,009,744 1,110,116
  Ford Motor Co. 68,452,366 1,104,821
  Mondelez International Inc. Class A 27,603,928 996,226
  Monsanto Co. 8,514,768 958,252
  General Motors Co. 24,119,653 904,487
  Kraft Foods Group Inc. 10,367,048 903,125
  Kimberly-Clark Corp. 6,463,535 692,309
  General Mills Inc. 10,631,742 601,757
  Johnson Controls Inc. 11,629,684 586,601
  Archer-Daniels-Midland Co. 11,182,991 530,074
  VF Corp. 6,084,242 458,204
  Lorillard Inc. 6,301,179 411,782
  Delphi Automotive plc 5,130,511 409,107

 

 

  Reynolds American Inc. 5,623,813 387,537
* Monster Beverage Corp. 2,658,331 367,900
  Mead Johnson Nutrition Co. 3,556,818 357,567
  Estee Lauder Cos. Inc. Class A 4,062,166 337,810
* Constellation Brands Inc. Class A 2,845,332 330,656
* Electronic Arts Inc. 5,193,222 305,439
*,^ Tesla Motors Inc. 1,543,728 291,410
  Kellogg Co. 4,375,092 288,537
  Whirlpool Corp. 1,372,360 277,299
  ConAgra Foods Inc. 7,483,174 273,360
  Dr Pepper Snapple Group Inc. 3,404,268 267,167
  Stanley Black & Decker Inc. 2,755,428 262,758
  Hershey Co. 2,536,779 255,986
  Clorox Co. 2,283,917 252,122
* Under Armour Inc. Class A 3,106,634 250,861
  BorgWarner Inc. 3,996,960 241,736
  Genuine Parts Co. 2,569,218 239,425
  Hanesbrands Inc. 7,026,615 235,462
  Harley-Davidson Inc. 3,754,973 228,077
  Keurig Green Mountain Inc. 1,997,541 223,185
* Michael Kors Holdings Ltd. 3,366,147 221,324
* TRW Automotive Holdings Corp. 2,003,072 210,022
  Tyson Foods Inc. Class A 5,371,292 205,720
* Mohawk Industries Inc. 1,087,455 201,995
  Activision Blizzard Inc. 8,849,104 201,096
  Coach Inc. 4,845,532 200,750
  Church & Dwight Co. Inc. 2,346,544 200,442
  Bunge Ltd. 2,428,863 200,041
  JM Smucker Co. 1,700,149 196,758
  Molson Coors Brewing Co. Class B 2,580,455 192,115
  Newell Rubbermaid Inc. 4,757,333 185,869
* Jarden Corp. 3,206,883 169,644
  Campbell Soup Co. 3,606,471 167,881
  Coca-Cola Enterprises Inc. 3,752,388 165,856
  DR Horton Inc. 5,733,504 163,290
  Brown-Forman Corp. Class B 1,796,481 162,312
  Harman International Industries Inc. 1,207,732 161,389
  PVH Corp. 1,447,277 154,222
  Lear Corp. 1,390,158 154,057
  McCormick & Co. Inc. 1,964,147 151,455
  Snap-on Inc. 1,022,057 150,304
  Energizer Holdings Inc. 1,086,647 150,012
  Polaris Industries Inc. 1,049,433 148,075
  Lennar Corp. Class A 2,847,037 147,505
  Ralph Lauren Corp. Class A 1,085,083 142,688
  Mattel Inc. 5,941,637 135,766
* WhiteWave Foods Co. Class A 3,056,920 135,544
  Hormel Foods Corp. 2,324,491 132,147
  PulteGroup Inc. 5,830,768 129,618
  Goodyear Tire & Rubber Co. 4,735,928 128,249
* WABCO Holdings Inc. 1,028,137 126,337
  Hasbro Inc. 1,985,773 125,580
* LKQ Corp. 4,819,715 123,192
  Leucadia National Corp. 5,517,402 122,983
* lululemon athletica Inc. 1,738,921 111,326
* Toll Brothers Inc. 2,827,525 111,235
* Hain Celestial Group Inc. 1,726,268 110,567

 

 

  Leggett & Platt Inc. 2,350,264 108,324
* Middleby Corp. 1,004,638 103,126
  Ingredion Inc. 1,272,568 99,031
* NVR Inc. 68,887 91,527
  Gentex Corp. 4,919,218 90,022
  Brunswick Corp. 1,627,448 83,732
  Carter's Inc. 888,207 82,132
  Pinnacle Foods Inc. 1,956,478 79,844
* Kate Spade & Co. 2,234,275 74,602
* Visteon Corp. 773,879 74,602
  Flowers Foods Inc. 3,140,933 71,425
  Dana Holding Corp. 2,971,266 62,872
* Fossil Group Inc. 752,520 62,045
* Tempur Sealy International Inc. 1,066,487 61,579
  Avon Products Inc. 7,651,221 61,133
* TreeHouse Foods Inc. 713,367 60,650
* Tenneco Inc. 1,013,183 58,177
  Wolverine World Wide Inc. 1,690,318 56,541
^ Nu Skin Enterprises Inc. Class A 938,757 56,523
  Thor Industries Inc. 860,832 54,413
  Scotts Miracle-Gro Co. Class A 803,955 54,002
* Skechers U.S.A. Inc. Class A 723,711 52,042
  Tupperware Brands Corp. 751,516 51,870
  Pool Corp. 725,218 50,591
*,^ Herbalife Ltd. 1,131,857 48,398
* Vista Outdoor Inc. 1,123,588 48,112
  HNI Corp. 785,019 43,309
* Boston Beer Co. Inc. Class A 160,816 43,002
* Post Holdings Inc. 915,660 42,890
* Deckers Outdoor Corp. 574,830 41,888
* Darling Ingredients Inc. 2,904,462 40,691
  Ryland Group Inc. 810,359 39,497
* TRI Pointe Homes Inc. 2,547,150 39,303
  Cooper Tire & Rubber Co. 910,829 39,020
* Steven Madden Ltd. 1,023,787 38,904
* Helen of Troy Ltd. 475,366 38,738
* G-III Apparel Group Ltd. 333,874 37,611
* Zynga Inc. Class A 12,864,814 36,665
* Take-Two Interactive Software Inc. 1,401,584 35,677
  Lancaster Colony Corp. 350,191 33,328
  Spectrum Brands Holdings Inc. 371,043 33,231
* Gentherm Inc. 628,614 31,751
* Select Comfort Corp. 919,848 31,707
  Snyder's-Lance Inc. 985,134 31,485
  Columbia Sportswear Co. 512,202 31,193
* American Axle & Manufacturing Holdings Inc. 1,184,008 30,583
  Vector Group Ltd. 1,378,051 30,276
* Meritage Homes Corp. 613,656 29,848
*,^ GoPro Inc. Class A 682,405 29,623
^ Sanderson Farms Inc. 363,738 28,972
  J&J Snack Foods Corp. 263,961 28,165
  B&G Foods Inc. 945,891 27,838
  Herman Miller Inc. 999,178 27,737
* Iconix Brand Group Inc. 822,977 27,710
  Coty Inc. Class A 1,140,728 27,685
  Fresh Del Monte Produce Inc. 692,984 26,964
  Steelcase Inc. Class A 1,411,111 26,726

 

 

* Dorman Products Inc. 534,867 26,610
  Dean Foods Co. 1,558,900 25,769
  La-Z-Boy Inc. 914,880 25,717
  KB Home 1,599,657 24,987
  Drew Industries Inc. 403,315 24,820
* Standard Pacific Corp. 2,675,278 24,077
  Schweitzer-Mauduit International Inc. 516,512 23,822
* Tumi Holdings Inc. 954,848 23,356
  Interface Inc. Class A 1,104,241 22,946
  WD-40 Co. 244,989 21,691
* Seaboard Corp. 5,044 20,842
^ Pilgrim's Pride Corp. 918,542 20,750
  Andersons Inc. 480,673 19,885
  Cal-Maine Foods Inc. 503,812 19,679
  Oxford Industries Inc. 260,095 19,624
  MDC Holdings Inc. 678,549 19,339
  Universal Corp. 404,644 19,083
  Knoll Inc. 811,322 19,009
* TiVo Inc. 1,762,319 18,698
* Crocs Inc. 1,467,372 17,330
* ACCO Brands Corp. 1,971,508 16,383
* Diamond Foods Inc. 489,697 15,949
  Briggs & Stratton Corp. 747,396 15,351
*,^ iRobot Corp. 464,615 15,160
* Universal Electronics Inc. 265,058 14,960
  Standard Motor Products Inc. 344,987 14,579
  Libbey Inc. 363,610 14,512
* Cooper-Standard Holding Inc. 233,456 13,821
  Callaway Golf Co. 1,352,400 12,888
  Ethan Allen Interiors Inc. 457,209 12,637
  Calavo Growers Inc. 237,344 12,204
^ Tootsie Roll Industries Inc. 357,958 12,142
* Taylor Morrison Home Corp. Class A 579,882 12,091
  Remy International Inc. 520,661 11,564
* USANA Health Sciences Inc. 103,143 11,461
* Modine Manufacturing Co. 833,521 11,228
* Cavco Industries Inc. 149,185 11,198
* DTS Inc. 327,606 11,162
* Blount International Inc. 865,771 11,151
  Lennar Corp. Class B 270,198 11,105
*,^ Eastman Kodak Co. 540,700 10,268
  Nutrisystem Inc. 512,121 10,232
  Inter Parfums Inc. 308,573 10,066
  Winnebago Industries Inc. 471,633 10,027
  Phibro Animal Health Corp. Class A 279,720 9,905
* Unifi Inc. 272,402 9,831
* Boulder Brands Inc. 1,026,090 9,779
* M/I Homes Inc. 408,346 9,735
  Coca-Cola Bottling Co. Consolidated 85,956 9,718
* RealD Inc. 748,476 9,573
*,^ Wayfair Inc. 297,089 9,542
* Tower International Inc. 342,821 9,119
  Movado Group Inc. 310,748 8,863
*,^ Glu Mobile Inc. 1,768,753 8,861
* Revlon Inc. Class A 211,989 8,734
* Motorcar Parts of America Inc. 311,469 8,656
  Arctic Cat Inc. 225,505 8,190

 

 

* Beazer Homes USA Inc. 446,602 7,914
  Superior Industries International Inc. 409,500 7,752
* Nautilus Inc. 493,496 7,536
  Titan International Inc. 795,454 7,445
* Federal-Mogul Holdings Corp. 558,230 7,430
* William Lyon Homes Class A 283,518 7,320
* Hovnanian Enterprises Inc. Class A 2,033,036 7,238
*,^ Century Communities Inc. 367,411 7,102
*,^ Elizabeth Arden Inc. 427,381 6,667
  John B Sanfilippo & Son Inc. 152,319 6,565
* WCI Communities Inc. 262,837 6,295
* Medifast Inc. 197,637 5,923
  National Presto Industries Inc. 93,091 5,901
* Vera Bradley Inc. 357,670 5,805
* Malibu Boats Inc. Class A 235,935 5,509
* Vince Holding Corp. 287,634 5,336
* Fox Factory Holding Corp. 327,078 5,017
* Omega Protein Corp. 362,771 4,966
  Bassett Furniture Industries Inc. 173,781 4,956
* Perry Ellis International Inc. 208,575 4,831
* Central Garden and Pet Co. Class A 450,283 4,782
* Stoneridge Inc. 419,204 4,733
*,^ LGI Homes Inc. 283,214 4,718
* National Beverage Corp. 191,717 4,680
  Strattec Security Corp. 60,661 4,479
*,^ Sequential Brands Group Inc. 406,682 4,351
* ZAGG Inc. 500,070 4,336
* Jamba Inc. 293,398 4,316
*,^ Freshpet Inc. 203,343 3,951
*,^ Quiksilver Inc. 2,125,422 3,932
* Black Diamond Inc. 414,555 3,918
* Inventure Foods Inc. 329,041 3,682
  Culp Inc. 133,434 3,569
  Limoneira Co. 161,888 3,529
  Hooker Furniture Corp. 182,808 3,482
  Metaldyne Performance Group Inc. 191,484 3,451
* Skullcandy Inc. 300,771 3,399
  Flexsteel Industries Inc. 108,026 3,380
  Superior Uniform Group Inc. 178,068 3,378
  Rocky Brands Inc. 154,882 3,345
* Central Garden and Pet Co. 327,014 3,228
  Oil-Dri Corp. of America 93,252 3,138
  Cherokee Inc. 155,519 3,029
  Orchids Paper Products Co. 110,047 2,967
* Seneca Foods Corp. Class A 99,386 2,963
* Nutraceutical International Corp. 147,820 2,912
  Weyco Group Inc. 95,177 2,846
*,^ JAKKS Pacific Inc. 410,773 2,810
* Fuel Systems Solutions Inc. 239,103 2,640
* LeapFrog Enterprises Inc. 1,168,231 2,547
* New Home Co. Inc. 157,021 2,504
  Escalade Inc. 141,344 2,457
  Alico Inc. 47,911 2,456
* Farmer Bros Co. 94,199 2,331
  Johnson Outdoors Inc. Class A 69,364 2,297
  Lifetime Brands Inc. 143,306 2,190
* Dixie Group Inc. 238,274 2,156

 

 

  Nature's Sunshine Products Inc. 160,581 2,107
* Core Molding Technologies Inc. 121,996 2,092
  MGP Ingredients Inc. 153,355 2,064
* Lifeway Foods Inc. 95,840 2,050
* Craft Brew Alliance Inc. 140,908 1,922
  Griffin Land & Nurseries Inc. 56,504 1,757
* Shiloh Industries Inc. 122,722 1,723
* Alliance One International Inc. 1,464,699 1,611
* Primo Water Corp. 294,815 1,542
  LS Starrett Co. Class A 77,687 1,476
  A-Mark Precious Metals Inc. 135,994 1,442
  Marine Products Corp. 166,467 1,427
*,^ American Apparel Inc. 1,996,100 1,400
  Crown Crafts Inc. 172,388 1,339
* Delta Apparel Inc. 103,278 1,270
* Lifevantage Corp. 1,527,409 1,207
*,^ Quantum Fuel Systems Technologies Worldwide Inc. 449,956 1,201
  Female Health Co. 415,043 1,175
* Blyth Inc. 141,026 1,070
* Lakeland Industries Inc. 111,042 994
* Castle Brands Inc. 695,660 974
* Rocky Mountain Chocolate Factory Inc. 58,206 808
* LoJack Corp. 276,852 792
* Stanley Furniture Co. Inc. 230,972 728
* Reed's Inc. 127,919 715
  Tandy Leather Factory Inc. 77,119 680
*,^ S&W Seed Co. 138,057 638
* Lipocine Inc. 83,688 577
* Mannatech Inc. 30,000 556
* US Auto Parts Network Inc. 236,188 513
  Kewaunee Scientific Corp. 28,882 503
* Coffee Holding Co. Inc. 96,178 468
*,^ RiceBran Technologies 114,553 456
* Summer Infant Inc. 163,915 443
* Nova Lifestyle Inc. 165,476 414
  Acme United Corp. 20,257 375
*,^ Clean Diesel Technologies Inc. 174,532 318
* Alpha Pro Tech Ltd. 123,027 279
* Charles & Colvard Ltd. 233,777 274
* Skyline Corp. 72,991 254
*,^ Rock Creek Pharmaceuticals Inc. 2,420,196 247
  Emerson Radio Corp. 183,685 241
* Comstock Holding Cos. Inc. Class A 227,285 209
* Cyanotech Corp. 22,482 189
* Joe's Jeans Inc. 839,567 179
* Reliv International Inc. 134,178 150
* Tofutti Brands Inc. 34,800 150
* Ceres Inc. 446,757 147
* P&F Industries Inc. Class A 16,709 113
*,^ Vapor Corp. 96,929 98
* Natural Alternatives International Inc. 17,720 97
* CCA Industries Inc. 27,573 88
* Hovnanian Enterprises Inc. Class B 19,300 69
  Compx International Inc. 5,846 67
* Willamette Valley Vineyards Inc. 10,817 65
* CTI Industries Corp. 11,946 48
* Crystal Rock Holdings Inc. 60,150 43

 

 

* DS Healthcare Group Inc. 51,862 41
* Ocean Bio-Chem Inc. 9,242 39
Golden Enterprises Inc. 9,731 38
* Koss Corp. 12,072 29
* MYOS Corp. 2,175 10
    39,468,233
Consumer Services (14.0%)    
Walt Disney Co. 26,980,897 2,830,026
Home Depot Inc. 23,234,816 2,639,707
* Amazon.com Inc. 6,551,812 2,437,929
Wal-Mart Stores Inc. 28,431,364 2,338,480
Comcast Corp. Class A 40,475,138 2,285,631
CVS Health Corp. 19,839,865 2,047,672
McDonald's Corp. 16,942,970 1,650,923
Walgreens Boots Alliance Inc. 15,372,751 1,301,765
Lowe's Cos. Inc. 17,137,006 1,274,822
Starbucks Corp. 12,555,530 1,189,009
Costco Wholesale Corp. 7,760,388 1,175,660
Time Warner Inc. 13,920,435 1,175,442
* eBay Inc. 19,202,542 1,107,603
* Priceline Group Inc. 915,604 1,065,900
Twenty-First Century Fox Inc. Class A 30,861,706 1,044,360
McKesson Corp. 4,104,619 928,465
Target Corp. 11,219,894 920,817
TJX Cos. Inc. 11,612,188 813,434
* DIRECTV 8,859,269 753,924
Time Warner Cable Inc. 4,948,977 741,753
Delta Air Lines Inc. 14,526,589 653,115
American Airlines Group Inc. 12,286,292 648,470
Kroger Co. 8,210,641 629,428
Yum! Brands Inc. 7,643,932 601,730
Southwest Airlines Co. 11,936,832 528,802
Cardinal Health Inc. 5,810,163 524,483
CBS Corp. Class B 7,858,409 476,455
* United Continental Holdings Inc. 6,771,250 455,367
Viacom Inc. Class B 6,460,980 441,285
* Netflix Inc. 1,013,262 422,216
AmerisourceBergen Corp. Class A 3,663,120 416,387
L Brands Inc. 4,383,773 413,346
* Dollar General Corp. 5,336,369 402,255
Macy's Inc. 6,100,889 396,009
Sysco Corp. 10,405,233 392,589
Las Vegas Sands Corp. 7,064,682 388,840
* AutoZone Inc. 561,881 383,293
Carnival Corp. 7,816,392 373,936
Ross Stores Inc. 3,484,152 367,090
* O'Reilly Automotive Inc. 1,697,377 367,041
* Chipotle Mexican Grill Inc. Class A 545,101 354,610
Omnicom Group Inc. 4,376,958 341,315
Whole Foods Market Inc. 6,336,315 329,995
* Charter Communications Inc. Class A 1,479,509 285,708
* Dollar Tree Inc. 3,447,503 279,748
Marriott International Inc. Class A 3,444,633 276,673
Comcast Corp. 4,795,423 268,855
Kohl's Corp. 3,385,288 264,899
* DISH Network Corp. Class A 3,741,046 262,098
* CarMax Inc. 3,700,100 255,344

 

 

Starwood Hotels & Resorts Worldwide Inc. 3,033,159 253,269
* Bed Bath & Beyond Inc. 3,111,925 238,918
Nielsen NV 5,271,172 234,936
* Liberty Interactive Corp. Class A 7,486,669 218,536
Royal Caribbean Cruises Ltd. 2,515,350 205,881
* Hilton Worldwide Holdings Inc. 6,901,115 204,411
Tractor Supply Co. 2,396,786 203,871
Nordstrom Inc. 2,534,242 203,550
Best Buy Co. Inc. 5,234,024 197,794
Signet Jewelers Ltd. 1,415,497 196,457
Wyndham Worldwide Corp. 2,135,093 193,162
Advance Auto Parts Inc. 1,284,067 192,212
Staples Inc. 11,249,114 183,192
Wynn Resorts Ltd. 1,426,060 179,512
Gap Inc. 4,094,364 177,409
Tiffany & Co. 1,940,926 170,821
* Sirius XM Holdings Inc. 44,192,834 168,817
* Ulta Salon Cosmetics & Fragrance Inc. 1,086,440 163,889
Interpublic Group of Cos. Inc. 7,329,500 162,129
* TripAdvisor Inc. 1,945,311 161,792
Expedia Inc. 1,702,064 160,215
Foot Locker Inc. 2,508,560 158,039
* Hertz Global Holdings Inc. 7,239,361 156,949
H&R Block Inc. 4,873,315 156,287
Alaska Air Group Inc. 2,330,761 154,250
* Rite Aid Corp. 17,245,852 149,866
Family Dollar Stores Inc. 1,870,683 148,233
Gannett Co. Inc. 3,971,131 147,250
Darden Restaurants Inc. 2,031,752 140,882
* Discovery Communications Inc. 4,761,948 140,358
* Liberty Media Corp. 3,567,204 136,267
* MGM Resorts International 6,465,498 135,969
* News Corp. Class A 8,291,194 132,742
Omnicare Inc. 1,721,259 132,640
* IHS Inc. Class A 1,149,319 130,747
Williams-Sonoma Inc. 1,469,240 117,113
FactSet Research Systems Inc. 702,609 111,855
* Avis Budget Group Inc. 1,869,423 110,324
* Norwegian Cruise Line Holdings Ltd. 2,006,786 108,387
* Spirit Airlines Inc. 1,281,365 99,126
Domino's Pizza Inc. 973,117 97,847
Dick's Sporting Goods Inc. 1,693,324 96,503
* Madison Square Garden Co. Class A 1,129,211 95,588
KAR Auction Services Inc. 2,482,419 94,158
* Sally Beauty Holdings Inc. 2,735,109 94,006
Scripps Networks Interactive Inc. Class A 1,352,679 92,740
Aramark 2,920,400 92,372
Service Corp. International 3,477,314 90,584
* JetBlue Airways Corp. 4,632,558 89,177
* Office Depot Inc. 9,555,960 87,915
Graham Holdings Co. Class B 80,858 84,871
* AutoNation Inc. 1,306,015 84,016
Dunkin' Brands Group Inc. 1,754,048 83,423
Cinemark Holdings Inc. 1,822,477 82,139
Dun & Bradstreet Corp. 629,698 80,828
* Discovery Communications Inc. Class A 2,627,292 80,815
* Urban Outfitters Inc. 1,738,176 79,348

 

 

* AMC Networks Inc. Class A 1,006,689 77,153
  Tribune Media Co. Class A 1,267,331 77,066
* VCA Inc. 1,405,573 77,054
* Copart Inc. 2,026,066 76,119
* Sprouts Farmers Market Inc. 2,141,215 75,435
  GNC Holdings Inc. Class A 1,533,884 75,268
  International Game Technology 4,311,359 75,061
^ GameStop Corp. Class A 1,926,050 73,113
* Panera Bread Co. Class A 452,743 72,437
  Brinker International Inc. 1,128,849 69,492
  Cablevision Systems Corp. Class A 3,651,309 66,819
* Liberty Media Corp. Class A 1,722,205 66,391
  Vail Resorts Inc. 638,938 66,079
  Jack in the Box Inc. 675,544 64,798
* United Natural Foods Inc. 833,258 64,194
  Cracker Barrel Old Country Store Inc. 417,351 63,496
* Live Nation Entertainment Inc. 2,490,547 62,836
* Burlington Stores Inc. 1,045,824 62,143
* Restoration Hardware Holdings Inc. 624,670 61,961
  Casey's General Stores Inc. 680,238 61,289
* Buffalo Wild Wings Inc. 332,031 60,177
* Groupon Inc. Class A 8,290,071 59,771
  Six Flags Entertainment Corp. 1,231,238 59,604
  Dillard's Inc. Class A 429,023 58,566
  CST Brands Inc. 1,291,802 56,620
* Pandora Media Inc. 3,486,468 56,516
* Murphy USA Inc. 757,607 54,828
  DSW Inc. Class A 1,421,953 52,442
  Wendy's Co. 4,797,963 52,298
*,^ SolarCity Corp. 1,014,526 52,025
* ServiceMaster Global Holdings Inc. 1,520,957 51,332
* Starz 1,488,357 51,214
  Lions Gate Entertainment Corp. 1,470,616 49,883
* Cabela's Inc. 890,791 49,866
  American Eagle Outfitters Inc. 2,910,782 49,716
* Yelp Inc. Class A 1,039,795 49,234
  John Wiley & Sons Inc. Class A 796,654 48,707
  Bloomin' Brands Inc. 2,000,344 48,668
  Allegiant Travel Co. Class A 245,419 47,192
  Sotheby's 1,097,534 46,382
* GrubHub Inc. 1,013,965 46,024
  Big Lots Inc. 941,865 45,238
* HomeAway Inc. 1,491,187 44,989
  Chico's FAS Inc. 2,534,145 44,829
  Rollins Inc. 1,792,181 44,321
* Life Time Fitness Inc. 622,216 44,152
* Houghton Mifflin Harcourt Co. 1,865,028 43,791
* SUPERVALU Inc. 3,657,630 42,538
  Men's Wearhouse Inc. 795,923 41,547
*,^ JC Penney Co. Inc. 4,812,600 40,474
  Choice Hotels International Inc. 623,221 39,930
  Lithia Motors Inc. Class A 399,749 39,739
  Texas Roadhouse Inc. Class A 1,087,447 39,616
  Cheesecake Factory Inc. 791,478 39,044
  Time Inc. 1,738,744 39,017
* Hyatt Hotels Corp. Class A 649,407 38,458
* La Quinta Holdings Inc. 1,613,049 38,197

 

 

  Sinclair Broadcast Group Inc. Class A 1,211,574 38,056
* Bright Horizons Family Solutions Inc. 740,672 37,974
* Asbury Automotive Group Inc. 456,533 37,938
  HSN Inc. 551,315 37,616
  Penske Automotive Group Inc. 729,119 37,542
  Meredith Corp. 654,029 36,475
* Grand Canyon Education Inc. 828,279 35,864
* Pinnacle Entertainment Inc. 991,339 35,777
  Extended Stay America Inc. 1,814,845 35,444
  AMERCO 106,578 35,213
  Monro Muffler Brake Inc. 527,447 34,310
  Group 1 Automotive Inc. 396,670 34,245
  Chemed Corp. 286,337 34,189
  Aaron's Inc. 1,203,784 34,079
  Sabre Corp. 1,394,965 33,898
* Ascena Retail Group Inc. 2,307,410 33,481
  Marriott Vacations Worldwide Corp. 411,001 33,312
  Dolby Laboratories Inc. Class A 860,417 32,834
  New York Times Co. Class A 2,381,598 32,771
  Hillenbrand Inc. 1,060,474 32,737
  DineEquity Inc. 297,035 31,786
  Regal Entertainment Group Class A 1,388,978 31,724
  DeVry Education Group Inc. 948,581 31,645
* ANN Inc. 769,722 31,582
* Five Below Inc. 878,970 31,265
*,^ Fresh Market Inc. 763,296 31,020
* comScore Inc. 597,671 30,601
  Papa John's International Inc. 493,198 30,485
* Apollo Education Group Inc. 1,606,131 30,388
*,^ DreamWorks Animation SKG Inc. Class A 1,249,498 30,238
* Michaels Cos. Inc. 1,096,525 29,672
  PriceSmart Inc. 348,620 29,626
  Nexstar Broadcasting Group Inc. Class A 513,341 29,373
* Shutterfly Inc. 644,060 29,137
* Genesco Inc. 404,482 28,811
  Matthews International Corp. Class A 557,858 28,735
  Abercrombie & Fitch Co. 1,274,678 28,094
  Sonic Corp. 880,687 27,918
* WebMD Health Corp. 631,484 27,681
  Morningstar Inc. 368,820 27,628
* Beacon Roofing Supply Inc. 864,314 27,053
  Churchill Downs Inc. 233,225 26,814
  Buckle Inc. 513,931 26,257
* Fiesta Restaurant Group Inc. 421,650 25,721
  Core-Mark Holding Co. Inc. 390,275 25,102
  Rent-A-Center Inc. 891,441 24,461
* Popeyes Louisiana Kitchen Inc. 405,993 24,286
  Brown Shoe Co. Inc. 740,246 24,280
  SeaWorld Entertainment Inc. 1,253,026 24,158
* Acxiom Corp. 1,305,935 24,147
  MDC Partners Inc. Class A 836,772 23,722
  Children's Place Inc. 358,211 22,994
* Krispy Kreme Doughnuts Inc. 1,130,800 22,605
* Vitamin Shoppe Inc. 538,909 22,198
  Pier 1 Imports Inc. 1,569,653 21,944
*,^ Mattress Firm Holding Corp. 311,893 21,720
* Hibbett Sports Inc. 441,540 21,662

 

 

* Constant Contact Inc. 563,684 21,538
* Orbitz Worldwide Inc. 1,842,227 21,480
* Express Inc. 1,284,873 21,239
* Red Robin Gourmet Burgers Inc. 243,410 21,177
  Finish Line Inc. Class A 853,610 20,931
  SpartanNash Co. 647,469 20,434
  Scholastic Corp. 479,563 19,633
* Diamond Resorts International Inc. 583,952 19,522
  Guess? Inc. 1,043,046 19,390
*,^ Sears Holdings Corp. 466,487 19,303
* Belmond Ltd. Class A 1,568,181 19,257
* Penn National Gaming Inc. 1,226,454 19,206
  New Media Investment Group Inc. 789,532 18,893
* Boyd Gaming Corp. 1,320,879 18,756
  Cato Corp. Class A 463,892 18,370
  Bob Evans Farms Inc. 392,326 18,149
* Rush Enterprises Inc. Class A 656,999 17,975
* Barnes & Noble Inc. 745,075 17,696
* Hawaiian Holdings Inc. 799,259 17,604
  Interval Leisure Group Inc. 650,971 17,062
* Media General Inc. 1,033,199 17,037
* Stamps.com Inc. 252,718 17,005
* Denny's Corp. 1,480,291 16,875
* BJ's Restaurants Inc. 315,367 15,910
* Zumiez Inc. 392,083 15,781
  International Speedway Corp. Class A 475,001 15,490
  National CineMedia Inc. 1,017,570 15,365
* Lands' End Inc. 419,820 15,063
* Gray Television Inc. 1,080,784 14,936
  Sonic Automotive Inc. Class A 586,768 14,611
* EW Scripps Co. Class A 511,932 14,559
*,^ TrueCar Inc. 813,063 14,513
*,^ zulily Inc. Class A 1,109,791 14,416
*,^ Lumber Liquidators Holdings Inc. 451,250 13,889
* Diplomat Pharmacy Inc. 401,399 13,880
* Carmike Cinemas Inc. 403,547 13,559
*,^ Conn's Inc. 444,589 13,462
* Francesca's Holdings Corp. 747,307 13,302
  AMC Entertainment Holdings Inc. 372,794 13,230
* Biglari Holdings Inc. 31,874 13,199
* Regis Corp. 800,027 13,088
* Caesars Acquisition Co. Class A 1,877,479 12,767
  SkyWest Inc. 858,721 12,546
  Capella Education Co. 192,574 12,494
  Stage Stores Inc. 535,584 12,276
* RetailMeNot Inc. 674,655 12,151
* Republic Airways Holdings Inc. 870,120 11,964
* Bankrate Inc. 1,045,421 11,855
* Tuesday Morning Corp. 733,653 11,812
* Providence Service Corp. 222,173 11,802
  Ingles Markets Inc. Class A 236,520 11,703
* Journal Communications Inc. Class A 784,640 11,628
* MarineMax Inc. 418,788 11,102
  Fred's Inc. Class A 633,031 10,818
  Weis Markets Inc. 214,568 10,677
*,^ Caesars Entertainment Corp. 1,008,496 10,619
* Avid Technology Inc. 704,580 10,498

 

 

* Steiner Leisure Ltd. 221,003 10,476
* FTD Cos. Inc. 342,200 10,245
  ClubCorp Holdings Inc. 525,171 10,167
*,^ Coupons.com Inc. 842,556 9,892
* Global Eagle Entertainment Inc. 741,892 9,875
* Strayer Education Inc. 180,326 9,631
*,^ Zoe's Kitchen Inc. 285,719 9,512
  Ruth's Hospitality Group Inc. 592,146 9,403
  Twenty-First Century Fox Inc. 277,256 9,116
* Ascent Capital Group Inc. Class A 223,581 8,901
  Tribune Publishing Co. 450,295 8,736
*,^ Scientific Games Corp. Class A 825,098 8,639
* Pep Boys-Manny Moe & Jack 897,652 8,635
* K12 Inc. 537,734 8,453
* Del Frisco's Restaurant Group Inc. 410,753 8,277
  Haverty Furniture Cos. Inc. 331,963 8,259
* American Public Education Inc. 274,848 8,240
^ World Wrestling Entertainment Inc. Class A 549,322 7,696
* Dave & Buster's Entertainment Inc. 244,595 7,450
* Chefs' Warehouse Inc. 331,339 7,432
  Shoe Carnival Inc. 251,837 7,414
* America's Car-Mart Inc. 136,583 7,410
  Carriage Services Inc. Class A 304,499 7,268
* XO Group Inc. 410,360 7,251
* Citi Trends Inc. 268,452 7,248
  Harte-Hanks Inc. 906,884 7,074
  Clear Channel Outdoor Holdings Inc. Class A 680,697 6,889
* Blue Nile Inc. 211,426 6,732
  Entravision Communications Corp. Class A 1,060,376 6,712
* Cumulus Media Inc. Class A 2,685,418 6,633
  Marcus Corp. 302,852 6,448
  Stein Mart Inc. 517,884 6,448
*,^ Clean Energy Fuels Corp. 1,184,876 6,321
* Overstock.com Inc. 258,878 6,270
* News Corp. Class B 377,938 5,998
* Ruby Tuesday Inc. 981,182 5,897
* Chuy's Holdings Inc. 259,241 5,841
* Kirkland's Inc. 245,717 5,836
*,^ El Pollo Loco Holdings Inc. 224,392 5,747
* SP Plus Corp. 259,403 5,668
*,^ Container Store Group Inc. 293,728 5,596
* 1-800-Flowers.com Inc. Class A 472,168 5,586
^ PetMed Express Inc. 336,217 5,554
*,^ Chegg Inc. 692,695 5,507
* Career Education Corp. 1,067,654 5,370
*,^ Noodles & Co. Class A 296,970 5,179
* Isle of Capri Casinos Inc. 368,320 5,175
*,^ Tile Shop Holdings Inc. 423,677 5,131
* Smart & Final Stores Inc. 290,360 5,110
  Speedway Motorsports Inc. 216,671 4,929
* EVINE Live Inc. 726,523 4,875
* Boot Barn Holdings Inc. 201,421 4,818
* Carrols Restaurant Group Inc. 580,909 4,816
* Destination XL Group Inc. 954,788 4,717
* Virgin America Inc. 153,431 4,664
* Build-A-Bear Workshop Inc. 236,647 4,650
* Natural Grocers by Vitamin Cottage Inc. 164,779 4,550

 

 

* Angie's List Inc. 770,807 4,525
* Bravo Brio Restaurant Group Inc. 306,073 4,496
  Courier Corp. 179,203 4,387
  Big 5 Sporting Goods Corp. 325,896 4,325
* Aeropostale Inc. 1,241,870 4,309
*,^ Shake Shack Inc. Class A 84,905 4,249
* Liquidity Services Inc. 428,471 4,233
* Entercom Communications Corp. Class A 345,234 4,195
*,^ Titan Machinery Inc. 310,341 4,143
* Kona Grill Inc. 143,064 4,066
  CSS Industries Inc. 131,994 3,980
* Tilly's Inc. Class A 246,934 3,865
  Winmark Corp. 43,602 3,818
* Potbelly Corp. 262,519 3,596
*,^ Weight Watchers International Inc. 497,467 3,477
* Reading International Inc. Class A 257,620 3,465
*,^ TubeMogul Inc. 249,014 3,441
* Christopher & Banks Corp. 613,785 3,413
  Destination Maternity Corp. 225,470 3,396
* Roundy's Inc. 692,704 3,387
* Martha Stewart Living Omnimedia Inc. Class A 514,442 3,344
*,^ SFX Entertainment Inc. 806,457 3,298
* Liberty Tax Inc. 117,948 3,282
* TechTarget Inc. 276,376 3,187
  Saga Communications Inc. Class A 70,337 3,133
* Sizmek Inc. 422,373 3,066
* Rubicon Project Inc. 166,113 2,977
* Monarch Casino & Resort Inc. 153,321 2,935
* Famous Dave's of America Inc. 102,790 2,930
* Morgans Hotel Group Co. 377,429 2,925
* Bridgepoint Education Inc. 294,656 2,843
* Autobytel Inc. 192,349 2,841
  Town Sports International Holdings Inc. 416,543 2,837
* Daily Journal Corp. 14,695 2,692
* QuinStreet Inc. 444,768 2,646
* Lee Enterprises Inc. 827,248 2,622
  Village Super Market Inc. Class A 83,103 2,613
* Intrawest Resorts Holdings Inc. 299,289 2,610
*,^ ITT Educational Services Inc. 384,143 2,608
  Collectors Universe Inc. 113,601 2,563
*,^ Papa Murphy's Holdings Inc. 140,422 2,547
* Sportsman's Warehouse Holdings Inc. 318,419 2,544
  Nathan's Famous Inc. 46,911 2,540
* RealNetworks Inc. 372,913 2,510
  AH Belo Corp. Class A 295,621 2,433
* West Marine Inc. 262,221 2,431
* Eldorado Resorts Inc. 471,674 2,373
*,^ Fairway Group Holdings Corp. 340,880 2,308
* Everyday Health Inc. 173,343 2,229
* Pacific Sunwear of California Inc. 804,550 2,221
  Marchex Inc. Class B 540,815 2,207
*,^ Trupanion Inc. 265,985 2,128
* Townsquare Media Inc. Class A 163,244 2,098
  bebe stores inc 566,914 2,058
* Gaiam Inc. Class A 274,094 1,998
* Century Casinos Inc. 365,454 1,992
*,^ Habit Restaurants Inc. Class A 59,175 1,902

 

 

* RCI Hospitality Holdings Inc. 182,256 1,897
^ Bon-Ton Stores Inc. 260,323 1,812
* McClatchy Co. Class A 983,888 1,810
  Liberator Medical Holdings Inc. 513,040 1,796
* Sears Hometown and Outlet Stores Inc. 224,008 1,729
* PCM Inc. 177,713 1,660
* Radio One Inc. 538,531 1,659
*,^ Digital Turbine Inc. 495,109 1,614
* Rave Restaurant Group Inc. 114,116 1,593
* Red Lion Hotels Corp. 234,117 1,562
* Luby's Inc. 293,431 1,523
* Spark Networks Inc. 370,435 1,497
*,^ hhgregg Inc. 229,551 1,407
*,^ Care.com Inc. 181,196 1,373
* Lakes Entertainment Inc. 150,979 1,294
* Travelzoo Inc. 131,773 1,270
*,^ Empire Resorts Inc. 273,322 1,257
* Dex Media Inc. 293,773 1,231
  Frisch's Restaurants Inc. 44,386 1,205
* YuMe Inc. 212,988 1,105
* Gordmans Stores Inc. 131,760 1,094
  Wayside Technology Group Inc. 59,514 1,049
* New York & Co. Inc. 417,760 1,044
* Emmis Communications Corp. Class A 477,809 951
* Cosi Inc. 345,139 918
  Salem Media Group Inc. Class A 142,814 880
  TheStreet Inc. 477,535 860
* Demand Media Inc. 147,814 845
* Trans World Entertainment Corp. 221,396 819
* Geeknet Inc. 100,443 803
* Cambium Learning Group Inc. 244,281 772
*,^ YOU On Demand Holdings Inc. 325,761 694
* Ignite Restaurant Group Inc. 132,916 645
* Diversified Restaurant Holdings Inc. 148,684 624
* Good Times Restaurants Inc. 82,028 590
  National American University Holdings Inc. 175,287 578
* ReachLocal Inc. 193,721 564
* Speed Commerce Inc. 811,944 519
* Ambassadors Group Inc. 199,965 506
* Profire Energy Inc. 361,619 488
* Envivio Inc. 270,799 479
* CafePress Inc. 118,175 460
* Gaming Partners International Corp. 42,177 454
* Dover Downs Gaming & Entertainment Inc. 339,612 397
* MaxPoint Interactive Inc. 40,124 384
* Perfumania Holdings Inc. 64,655 354
*,^ Bacterin International Holdings Inc. 85,348 350
  Beasley Broadcast Group Inc. Class A 59,500 304
* Books-A-Million Inc. 105,377 289
* Insignia Systems Inc. 93,948 282
*,^ LiveDeal Inc. 87,299 275
  Ark Restaurants Corp. 10,463 261
* Full House Resorts Inc. 160,784 243
* PDI Inc. 177,317 239
*,^ Remark Media Inc. 49,843 214
* Learning Tree International Inc. 136,659 211
* Spanish Broadcasting System Inc. 51,140 206

 

 

*,^ Net Element Inc. 174,274 202
  Flanigan's Enterprises Inc. 4,874 156
* NTN Buzztime Inc. 354,186 149
*,^ Viggle Inc. 101,022 144
* Peak Resorts Inc. 23,300 144
  Value Line Inc. 9,438 138
* RLJ Entertainment Inc. 92,687 135
* Premier Exhibitions Inc. 36,324 133
* Local Corp. 250,258 115
* Liberty Global plc 2,100 105
*,^ DGSE Cos. Inc. 61,321 93
* Dover Saddlery Inc. 13,411 62
* Nevada Gold & Casinos Inc. 41,913 61
*,^ EveryWare Global Inc. 47,000 56
* Canterbury Park Holding Corp. 4,200 43
  Educational Development Corp. 8,522 35
  Haverty Furniture Cos. Inc. Class A 1,375 34
* SPAR Group Inc. 19,446 28
* Universal Travel Group 42,843 7
      56,442,408
Financials (18.8%)    
  Wells Fargo & Co. 90,881,376 4,943,947
* Berkshire Hathaway Inc. Class B 31,174,520 4,499,107
  JPMorgan Chase & Co. 65,750,757 3,983,181
  Bank of America Corp. 185,455,843 2,854,165
  Citigroup Inc. 50,812,503 2,617,860
  Visa Inc. Class A 34,636,799 2,265,593
  MasterCard Inc. Class A 17,639,699 1,523,894
  American Express Co. 17,968,957 1,403,735
  US Bancorp 31,514,710 1,376,247
  Goldman Sachs Group Inc. 7,299,477 1,372,083
  American International Group Inc. 24,191,316 1,325,442
  Simon Property Group Inc. 5,526,167 1,081,139
  Morgan Stanley 25,802,755 920,900
  PNC Financial Services Group Inc. 9,256,857 863,109
  Bank of New York Mellon Corp. 19,113,685 769,135
  Capital One Financial Corp. 9,726,749 766,662
  MetLife Inc. 15,008,519 758,681
  American Tower Corporation 7,411,610 697,803
  BlackRock Inc. 1,895,794 693,557
  Prudential Financial Inc. 7,999,233 642,418
  Charles Schwab Corp. 20,805,893 633,331
  ACE Ltd. 5,541,529 617,825
  Travelers Cos. Inc. 5,632,804 609,075
  CME Group Inc. 5,632,349 533,440
  Marsh & McLennan Cos. Inc. 9,491,531 532,380
  Allstate Corp. 7,346,568 522,855
  Public Storage 2,591,287 510,846
  State Street Corp. 6,896,862 507,126
  Equity Residential 6,411,679 499,213
  McGraw Hill Financial Inc. 4,813,840 497,751
  BB&T Corp. 12,662,218 493,700
  Crown Castle International Corp. 5,887,395 485,946
  Aflac Inc. 7,527,678 481,847
  Aon plc 4,939,019 474,739
  Health Care REIT Inc. 6,107,385 472,467
  Intercontinental Exchange Inc. 1,980,186 461,918

 

 

Discover Financial Services 7,880,312 444,056
Ventas Inc. 5,817,613 424,802
Ameriprise Financial Inc. 3,225,010 421,960
Chubb Corp. 4,076,734 412,158
AvalonBay Communities Inc. 2,322,243 404,651
Prologis Inc. 8,993,496 391,757
Boston Properties Inc. 2,687,099 377,484
SunTrust Banks Inc. 9,182,397 377,305
Moody's Corp. 3,588,340 372,470
Franklin Resources Inc. 7,145,680 366,716
T. Rowe Price Group Inc. 4,348,070 352,107
HCP Inc. 8,101,986 350,087
Vornado Realty Trust 2,974,041 333,093
Hartford Financial Services Group Inc. 7,600,679 317,860
Weyerhaeuser Co. 9,253,859 306,765
Invesco Ltd. 7,540,815 299,295
General Growth Properties Inc. 9,522,224 281,382
Northern Trust Corp. 3,940,046 274,424
Fifth Third Bancorp 14,459,282 272,557
Host Hotels & Resorts Inc. 13,315,179 268,700
Progressive Corp. 9,769,410 265,728
Principal Financial Group Inc. 5,170,385 265,603
M&T Bank Corp. 2,090,472 265,490
Lincoln National Corp. 4,524,739 259,992
Essex Property Trust Inc. 1,119,856 257,455
Macerich Co. 2,776,747 234,163
Regions Financial Corp. 23,954,608 226,371
Equinix Inc. 964,188 224,511
SL Green Realty Corp. 1,718,839 220,665
Loews Corp. 5,275,964 215,418
KeyCorp 15,173,417 214,856
* Affiliated Managers Group Inc. 973,623 209,115
Realty Income Corp. 3,951,123 203,878
Equifax Inc. 2,104,682 195,735
* CBRE Group Inc. Class A 4,954,418 191,786
Western Union Co. 9,168,527 190,797
* Berkshire Hathaway Inc. Class A 863 187,703
Kimco Realty Corp. 6,841,593 183,697
Federal Realty Investment Trust 1,215,697 178,963
* Markel Corp. 232,663 178,909
Annaly Capital Management Inc. 16,702,039 173,701
Voya Financial Inc. 3,993,530 172,161
FNF Group 4,628,197 170,133
XL Group plc Class A 4,544,179 167,226
TD Ameritrade Holding Corp. 4,309,659 160,578
American Realty Capital Properties Inc. 16,287,995 160,437
* Ally Financial Inc. 7,591,295 159,265
Huntington Bancshares Inc. 14,229,774 157,239
Digital Realty Trust Inc. 2,376,243 156,737
UDR Inc. 4,507,755 153,399
Unum Group 4,414,266 148,893
Navient Corp. 7,214,697 146,675
Cincinnati Financial Corp. 2,733,589 145,646
* E*TRADE Financial Corp. 5,082,990 145,145
CIT Group Inc. 3,169,098 142,990
Comerica Inc. 3,154,790 142,376
First Republic Bank 2,429,722 138,713

 

 

  Willis Group Holdings plc 2,832,072 136,449
  Plum Creek Timber Co. Inc. 3,100,996 134,738
  Jones Lang LaSalle Inc. 785,430 133,837
  Arthur J Gallagher & Co. 2,858,514 133,636
  American Capital Agency Corp. 6,232,768 132,945
* Arch Capital Group Ltd. 2,156,482 132,839
  Duke Realty Corp. 6,039,854 131,488
* Alleghany Corp. 269,447 131,221
  Extra Space Storage Inc. 1,923,734 129,987
  Raymond James Financial Inc. 2,258,943 128,263
  New York Community Bancorp Inc. 7,401,342 123,824
  Torchmark Corp. 2,252,147 123,688
  Alexandria Real Estate Equities Inc. 1,256,113 123,149
  Iron Mountain Inc. 3,323,487 121,241
  Lazard Ltd. Class A 2,258,182 118,758
  WP Carey Inc. 1,731,868 117,767
  SEI Investments Co. 2,670,633 117,748
  Camden Property Trust 1,506,097 117,671
* Realogy Holdings Corp. 2,564,629 116,639
  Kilroy Realty Corp. 1,525,480 116,196
  Regency Centers Corp. 1,706,154 116,087
  MSCI Inc. Class A 1,865,913 114,399
* SVB Financial Group 894,569 113,646
  Reinsurance Group of America Inc. Class A 1,199,798 111,809
  Legg Mason Inc. 1,974,322 108,983
* Signature Bank 841,012 108,978
  NASDAQ OMX Group Inc. 2,062,469 105,062
  Everest Re Group Ltd. 598,451 104,130
  East West Bancorp Inc. 2,535,611 102,591
^ NorthStar Realty Finance Corp. 5,628,072 101,981
  Mid-America Apartment Communities Inc. 1,311,849 101,367
  Apartment Investment & Management Co. 2,548,866 100,323
  Omega Healthcare Investors Inc. 2,467,656 100,113
  DDR Corp. 5,320,386 99,066
* Liberty Ventures Class A 2,352,776 98,840
  HCC Insurance Holdings Inc. 1,702,247 96,466
  Zions Bancorporation 3,551,157 95,881
  National Retail Properties Inc. 2,331,480 95,521
  PartnerRe Ltd. 834,795 95,442
  Starwood Property Trust Inc. 3,847,090 93,484
  Liberty Property Trust 2,599,395 92,798
* Howard Hughes Corp. 591,701 91,726
  Senior Housing Properties Trust 4,109,936 91,199
  WR Berkley Corp. 1,774,109 89,610
  Axis Capital Holdings Ltd. 1,714,078 88,412
  Hudson City Bancorp Inc. 8,333,225 87,332
  Hospitality Properties Trust 2,625,381 86,611
*,^ Zillow Group Inc. Class A 860,145 86,273
  Lamar Advertising Co. Class A 1,434,381 85,016
  CBOE Holdings Inc. 1,478,719 84,886
  American Campus Communities Inc. 1,947,693 83,498
  Corrections Corp. of America 2,049,206 82,501
  Eaton Vance Corp. 1,970,298 82,043
  BioMed Realty Trust Inc. 3,598,458 81,541
  People's United Financial Inc. 5,347,341 81,280
  Taubman Centers Inc. 1,050,117 80,996
  PacWest Bancorp 1,704,851 79,940

 

 

Spirit Realty Capital Inc. 6,555,831 79,194
LaSalle Hotel Properties 1,996,975 77,602
* Forest City Enterprises Inc. Class A 3,038,375 77,539
Equity LifeStyle Properties Inc. 1,399,561 76,906
RenaissanceRe Holdings Ltd. 770,308 76,823
Brixmor Property Group Inc. 2,889,106 76,706
Assurant Inc. 1,233,296 75,737
American Financial Group Inc. 1,169,640 75,032
* Liberty Broadband Corp. 1,320,807 74,758
NorthStar Asset Management Group Inc. 3,201,789 74,730
Highwoods Properties Inc. 1,618,417 74,091
City National Corp. 826,727 73,645
Assured Guaranty Ltd. 2,747,909 72,517
RLJ Lodging Trust 2,301,324 72,054
Outfront Media Inc. 2,392,222 71,575
Douglas Emmett Inc. 2,377,103 70,861
Investors Bancorp Inc. 5,991,462 70,220
Brown & Brown Inc. 2,116,351 70,072
Weingarten Realty Investors 1,941,074 69,840
Two Harbors Investment Corp. 6,549,894 69,560
Home Properties Inc. 994,751 68,926
Waddell & Reed Financial Inc. Class A 1,387,113 68,718
Cullen/Frost Bankers Inc. 993,572 68,636
* Synchrony Financial 2,252,260 68,356
Retail Properties of America Inc. 4,152,608 66,566
Umpqua Holdings Corp. 3,874,623 66,566
Allied World Assurance Co. Holdings AG 1,614,737 65,235
CubeSmart 2,690,056 64,965
LPL Financial Holdings Inc. 1,470,013 64,475
* Genworth Financial Inc. Class A 8,752,939 63,984
Synovus Financial Corp. 2,265,248 63,450
First American Financial Corp. 1,775,966 63,366
Healthcare Trust of America Inc. Class A 2,266,727 63,151
* Popular Inc. 1,821,026 62,625
Commerce Bancshares Inc. 1,478,019 62,550
CNO Financial Group Inc. 3,617,018 62,285
Old Republic International Corp. 4,141,692 61,877
Prosperity Bancshares Inc. 1,168,702 61,333
* Stifel Financial Corp. 1,098,320 61,231
Sunstone Hotel Investors Inc. 3,660,301 61,017
Validus Holdings Ltd. 1,443,450 60,769
Sovran Self Storage Inc. 646,716 60,753
* Equity Commonwealth 2,281,166 60,565
Tanger Factory Outlet Centers Inc. 1,720,748 60,519
EPR Properties 1,000,891 60,084
Rayonier Inc. 2,227,516 60,054
Columbia Property Trust Inc. 2,182,153 58,962
Pebblebrook Hotel Trust 1,265,496 58,934
Webster Financial Corp. 1,582,396 58,628
First Horizon National Corp. 4,094,782 58,514
Gaming and Leisure Properties Inc. 1,578,203 58,188
American Homes 4 Rent Class A 3,510,304 58,096
* MGIC Investment Corp. 5,980,862 57,596
GEO Group Inc. 1,304,945 57,078
Radian Group Inc. 3,389,806 56,915
* Strategic Hotels & Resorts Inc. 4,561,850 56,704
Chimera Investment Corp. 18,051,073 56,680

 

 

Hanover Insurance Group Inc. 777,483 56,430
FirstMerit Corp. 2,947,896 56,187
Federated Investors Inc. Class B 1,656,033 56,123
CBL & Associates Properties Inc. 2,819,372 55,824
BankUnited Inc. 1,696,637 55,548
First Niagara Financial Group Inc. 6,222,868 55,010
Sun Communities Inc. 814,311 54,331
Post Properties Inc. 945,431 53,823
WP GLIMCHER Inc. 3,218,274 53,520
DCT Industrial Trust Inc. 1,516,175 52,551
Aspen Insurance Holdings Ltd. 1,106,137 52,243
Medical Properties Trust Inc. 3,515,519 51,819
MarketAxess Holdings Inc. 623,058 51,652
Paramount Group Inc. 2,661,728 51,371
StanCorp Financial Group Inc. 748,758 51,365
White Mountains Insurance Group Ltd. 74,301 50,861
MFA Financial Inc. 6,440,371 50,621
Associated Banc-Corp 2,715,306 50,505
Bank of the Ozarks Inc. 1,362,995 50,335
Piedmont Office Realty Trust Inc. Class A 2,687,703 50,018
Brandywine Realty Trust 3,115,345 49,783
Colony Financial Inc. 1,913,075 49,587
Bank of Hawaii Corp. 789,759 48,341
DiamondRock Hospitality Co. 3,399,092 48,029
* PRA Group Inc. 876,133 47,592
Primerica Inc. 933,059 47,493
Healthcare Realty Trust Inc. 1,703,054 47,311
Corporate Office Properties Trust 1,593,422 46,815
ProAssurance Corp. 1,009,224 46,333
Endurance Specialty Holdings Ltd. 756,294 46,240
PrivateBancorp Inc. 1,310,301 46,083
Ryman Hospitality Properties Inc. 752,750 45,850
Janus Capital Group Inc. 2,616,511 44,978
Susquehanna Bancshares Inc. 3,204,098 43,928
Hancock Holding Co. 1,431,146 42,734
Santander Consumer USA Holdings Inc. 1,844,185 42,674
United Bankshares Inc. 1,119,213 42,060
TCF Financial Corp. 2,674,509 42,043
FNB Corp. 3,162,151 41,551
Hudson Pacific Properties Inc. 1,247,206 41,395
Kite Realty Group Trust 1,464,952 41,268
Fulton Financial Corp. 3,331,389 41,109
Wintrust Financial Corp. 861,893 41,095
Acadia Realty Trust 1,176,569 41,039
MB Financial Inc. 1,285,841 40,260
WisdomTree Investments Inc. 1,873,876 40,213
First Industrial Realty Trust Inc. 1,843,092 39,497
Xenia Hotels & Resorts Inc. 1,730,523 39,369
* Western Alliance Bancorp 1,326,684 39,323
National Health Investors Inc. 549,672 39,032
UMB Financial Corp. 735,415 38,896
* Texas Capital Bancshares Inc. 798,944 38,869
Symetra Financial Corp. 1,649,842 38,705
Washington Federal Inc. 1,751,157 38,184
Cousins Properties Inc. 3,601,391 38,175
Financial Engines Inc. 912,037 38,151
Valley National Bancorp 3,995,884 37,721

 

 

DuPont Fabros Technology Inc. 1,150,872 37,611
* Liberty TripAdvisor Holdings Inc. Class A 1,179,861 37,508
Cathay General Bancorp 1,317,956 37,496
New Residential Investment Corp. 2,463,858 37,032
American Equity Investment Life Holding Co. 1,260,476 36,718
Erie Indemnity Co. Class A 420,769 36,716
RLI Corp. 696,267 36,491
AmTrust Financial Services Inc. 637,921 36,352
BancorpSouth Inc. 1,548,726 35,961
Kennedy-Wilson Holdings Inc. 1,352,821 35,363
IBERIABANK Corp. 560,678 35,340
Alexander & Baldwin Inc. 815,355 35,207
Chesapeake Lodging Trust 1,039,786 35,176
Urban Edge Properties 1,482,275 35,130
Home BancShares Inc. 1,012,699 34,320
Sabra Health Care REIT Inc. 1,034,027 34,278
First Citizens BancShares Inc. Class A 131,466 34,140
Invesco Mortgage Capital Inc. 2,166,575 33,647
Equity One Inc. 1,247,647 33,300
* Blackhawk Network Holdings Inc. Class B 935,860 33,270
Interactive Brokers Group Inc. 974,098 33,139
Chambers Street Properties 4,184,470 32,974
Washington REIT 1,188,940 32,850
Glacier Bancorp Inc. 1,286,053 32,344
^ Lexington Realty Trust 3,244,610 31,895
EastGroup Properties Inc. 528,692 31,796
EverBank Financial Corp. 1,744,431 31,452
* Springleaf Holdings Inc. 604,924 31,317
NRG Yield Inc. Class A 603,044 30,592
First Financial Bankshares Inc. 1,101,831 30,455
Hatteras Financial Corp. 1,675,852 30,433
New York REIT Inc. 2,865,297 30,028
Old National Bancorp 2,086,336 29,605
Retail Opportunity Investments Corp. 1,615,734 29,568
* SLM Corp. 3,179,288 29,504
Select Income REIT 1,174,923 29,361
Capitol Federal Financial Inc. 2,339,766 29,247
Artisan Partners Asset Management Inc. Class A 643,252 29,242
Education Realty Trust Inc. 825,517 29,207
Trustmark Corp. 1,196,182 29,043
Columbia Banking System Inc. 989,294 28,660
* Credit Acceptance Corp. 146,629 28,593
Kemper Corp. 729,798 28,433
Potlatch Corp. 708,416 28,365
LTC Properties Inc. 614,834 28,282
South State Corp. 413,347 28,269
PS Business Parks Inc. 337,566 28,031
Mercury General Corp. 484,747 27,994
STAG Industrial Inc. 1,189,027 27,966
Pinnacle Financial Partners Inc. 626,555 27,857
BGC Partners Inc. Class A 2,942,361 27,805
Selective Insurance Group Inc. 950,177 27,603
CVB Financial Corp. 1,716,928 27,368
Blackstone Mortgage Trust Inc. Class A 963,909 27,346
American Assets Trust Inc. 629,525 27,246
Government Properties Income Trust 1,189,674 27,184
Mack-Cali Realty Corp. 1,402,693 27,044

 

 

PennyMac Mortgage Investment Trust 1,254,076 26,699
* Hilltop Holdings Inc. 1,371,850 26,669
International Bancshares Corp. 1,022,111 26,606
National Penn Bancshares Inc. 2,465,337 26,552
Pennsylvania REIT 1,139,386 26,468
Evercore Partners Inc. Class A 511,560 26,427
Redwood Trust Inc. 1,463,098 26,146
* LendingClub Corp. 1,323,924 26,015
* Liberty Broadband Corp. Class A 459,735 25,966
* TESARO Inc. 449,309 25,790
Community Bank System Inc. 725,986 25,693
CYS Investments Inc. 2,843,969 25,340
Argo Group International Holdings Ltd. 504,075 25,279
Parkway Properties Inc. 1,452,144 25,195
Montpelier Re Holdings Ltd. 649,073 24,950
Ramco-Gershenson Properties Trust 1,314,789 24,455
Horace Mann Educators Corp. 708,038 24,215
* Enstar Group Ltd. 170,594 24,200
Gramercy Property Trust Inc. 859,863 24,136
Associated Estates Realty Corp. 958,366 23,652
* MBIA Inc. 2,537,026 23,594
First Midwest Bancorp Inc. 1,355,500 23,545
FelCor Lodging Trust Inc. 2,039,294 23,432
* St. Joe Co. 1,252,857 23,253
BOK Financial Corp. 372,145 22,783
Physicians Realty Trust 1,254,680 22,095
* FNFV Group 1,541,388 21,734
* First Cash Financial Services Inc. 464,529 21,610
* HRG Group Inc. 1,730,002 21,590
TFS Financial Corp. 1,459,860 21,431
HFF Inc. Class A 570,190 21,405
* Essent Group Ltd. 893,891 21,373
Hersha Hospitality Trust Class A 3,251,668 21,038
Monogram Residential Trust Inc. 2,244,343 20,917
* BofI Holding Inc. 223,842 20,826
Franklin Street Properties Corp. 1,617,961 20,742
Home Loan Servicing Solutions Ltd. 1,239,503 20,501
Westamerica Bancorporation 473,971 20,480
Sterling Bancorp 1,502,696 20,151
* iStar Financial Inc. 1,542,121 20,048
Summit Hotel Properties Inc. 1,423,710 20,032
Altisource Residential Corp. 960,061 20,027
WesBanco Inc. 612,815 19,966
Virtus Investment Partners Inc. 151,933 19,868
Independent Bank Corp. 452,276 19,841
Capstead Mortgage Corp. 1,678,613 19,757
ARMOUR Residential REIT Inc. 6,229,901 19,749
BBCN Bancorp Inc. 1,346,771 19,488
LegacyTexas Financial Group Inc. 856,867 19,477
Chatham Lodging Trust 653,030 19,206
New Senior Investment Group Inc. 1,152,517 19,166
NBT Bancorp Inc. 756,573 18,960
CyrusOne Inc. 608,529 18,937
Empire State Realty Trust Inc. 1,001,921 18,846
* Eagle Bancorp Inc. 489,005 18,778
Astoria Financial Corp. 1,437,252 18,612
Greenhill & Co. Inc. 466,590 18,500

 

 

  Park National Corp. 214,313 18,337
  Provident Financial Services Inc. 976,038 18,203
  Chemical Financial Corp. 579,769 18,182
  Northwest Bancshares Inc. 1,525,490 18,077
  Nelnet Inc. Class A 379,371 17,952
* FCB Financial Holdings Inc. Class A 653,783 17,894
  First Financial Bancorp 1,004,564 17,891
  Renasant Corp. 593,353 17,830
* Encore Capital Group Inc. 423,888 17,630
* Investment Technology Group Inc. 581,600 17,628
  CoreSite Realty Corp. 359,134 17,483
  Aviv REIT Inc. 476,732 17,401
  United Community Banks Inc. 920,198 17,373
* Greenlight Capital Re Ltd. Class A 537,893 17,105
  Apollo Commercial Real Estate Finance Inc. 993,698 17,072
  Terreno Realty Corp. 740,388 16,881
  Starwood Waypoint Residential Trust 647,963 16,750
  Boston Private Financial Holdings Inc. 1,378,157 16,745
  Union Bankshares Corp. 749,957 16,657
*,^ Nationstar Mortgage Holdings Inc. 672,307 16,653
  Alexander's Inc. 36,291 16,570
  Inland Real Estate Corp. 1,543,585 16,501
  Banner Corp. 354,701 16,281
* Navigators Group Inc. 205,638 16,007
  American Capital Mortgage Investment Corp. 887,549 15,940
  First Merchants Corp. 676,556 15,926
  Tompkins Financial Corp. 293,689 15,815
  Infinity Property & Casualty Corp. 191,497 15,712
  Ashford Hospitality Trust Inc. 1,624,392 15,627
* KCG Holdings Inc. Class A 1,269,641 15,566
  Investors Real Estate Trust 2,030,831 15,231
  AMERISAFE Inc. 325,810 15,069
  First Commonwealth Financial Corp. 1,651,461 14,863
*,^ Ocwen Financial Corp. 1,770,413 14,606
  Stewart Information Services Corp. 358,882 14,585
  Rexford Industrial Realty Inc. 919,195 14,532
  Safety Insurance Group Inc. 242,923 14,515
* Ambac Financial Group Inc. 598,096 14,474
  STORE Capital Corp. 619,521 14,466
  S&T Bancorp Inc. 507,249 14,396
* Piper Jaffray Cos. 273,383 14,342
  QTS Realty Trust Inc. Class A 390,349 14,213
  Heartland Financial USA Inc. 429,010 13,999
  Employers Holdings Inc. 518,653 13,998
^ New York Mortgage Trust Inc. 1,801,290 13,978
  Talmer Bancorp Inc. Class A 897,561 13,746
  Excel Trust Inc. 964,116 13,517
  Maiden Holdings Ltd. 897,536 13,310
  Universal Insurance Holdings Inc. 519,960 13,306
  City Holding Co. 282,219 13,273
  National Bank Holdings Corp. Class A 704,403 13,250
  Cohen & Steers Inc. 320,693 13,132
  Universal Health Realty Income Trust 232,642 13,086
* Capital Bank Financial Corp. 467,779 12,915
  Lakeland Financial Corp. 317,715 12,893
  Northfield Bancorp Inc. 865,447 12,826
  OFG Bancorp 783,644 12,789

 

 

  Wilshire Bancorp Inc. 1,276,478 12,726
* Green Dot Corp. Class A 795,882 12,670
  National General Holdings Corp. 674,609 12,615
  InfraREIT Inc. 431,329 12,332
  Brookline Bancorp Inc. 1,210,183 12,162
  Central Pacific Financial Corp. 528,759 12,146
  Simmons First National Corp. Class A 266,961 12,139
  Saul Centers Inc. 211,351 12,089
  State Bank Financial Corp. 575,016 12,075
* First BanCorp 1,936,825 12,008
* Meridian Bancorp Inc. 910,989 11,998
  Ameris Bancorp 454,505 11,994
  ServisFirst Bancshares Inc. 362,845 11,970
  First Potomac Realty Trust 1,002,331 11,918
  Cash America International Inc. 505,571 11,780
  Hanmi Financial Corp. 553,472 11,706
* HealthEquity Inc. 464,092 11,598
  Berkshire Hills Bancorp Inc. 418,363 11,589
  Rouse Properties Inc. 610,483 11,575
  FBL Financial Group Inc. Class A 185,357 11,494
  RAIT Financial Trust 1,672,014 11,470
  TowneBank 706,546 11,361
  Cardinal Financial Corp. 566,398 11,317
  Anworth Mortgage Asset Corp. 2,213,554 11,267
  Southside Bancshares Inc. 387,864 11,128
^ Western Asset Mortgage Capital Corp. 733,635 11,063
  TrustCo Bank Corp. NY 1,595,688 10,978
  Sandy Spring Bancorp Inc. 416,518 10,925
  United Financial Bancorp Inc. 858,145 10,667
* Customers Bancorp Inc. 437,200 10,650
  WSFS Financial Corp. 136,310 10,309
  1st Source Corp. 316,970 10,184
  United Fire Group Inc. 319,846 10,162
*,^ Walter Investment Management Corp. 629,195 10,162
  Oritani Financial Corp. 692,426 10,075
* American Residential Properties Inc. 556,618 10,014
  Arlington Asset Investment Corp. Class A 413,395 9,946
  Resource Capital Corp. 2,188,657 9,937
  Silver Bay Realty Trust Corp. 612,236 9,894
  Cedar Realty Trust Inc. 1,314,169 9,843
  First Interstate BancSystem Inc. Class A 352,350 9,802
  Monmouth Real Estate Investment Corp. 878,414 9,759
  First Financial Corp. 270,398 9,705
  Flushing Financial Corp. 480,409 9,642
* Ladder Capital Corp. 518,364 9,595
  Moelis & Co. Class A 318,504 9,593
  BNC Bancorp 526,098 9,522
^ United Development Funding IV 541,694 9,490
  Winthrop Realty Trust 574,016 9,368
* Square 1 Financial Inc. Class A 348,606 9,332
  Community Trust Bancorp Inc. 280,085 9,288
* Heritage Insurance Holdings Inc. 421,872 9,285
  National Western Life Insurance Co. Class A 36,319 9,236
  Urstadt Biddle Properties Inc. Class A 399,548 9,214
  CenterState Banks Inc. 771,611 9,190
  ConnectOne Bancorp Inc. 466,910 9,086
  AG Mortgage Investment Trust Inc. 482,053 9,082

 

 

* Enova International Inc. 460,330 9,064
Agree Realty Corp. 273,193 9,007
* Forestar Group Inc. 570,747 9,001
Hannon Armstrong Sustainable Infrastructure Capital Inc. 480,011 8,775
* Tejon Ranch Co. 330,059 8,730
Apollo Residential Mortgage Inc. 547,167 8,727
Campus Crest Communities Inc. 1,210,310 8,666
* World Acceptance Corp. 117,751 8,586
* Marcus & Millichap Inc. 227,263 8,518
TriCo Bancshares 352,845 8,514
Washington Trust Bancorp Inc. 222,753 8,507
* Cowen Group Inc. Class A 1,618,532 8,416
Dime Community Bancshares Inc. 519,929 8,371
Getty Realty Corp. 455,951 8,298
CareTrust REIT Inc. 609,700 8,268
CatchMark Timber Trust Inc. Class A 698,864 8,191
* First NBC Bank Holding Co. 247,857 8,174
* Xoom Corp. 548,602 8,059
* Walker & Dunlop Inc. 453,436 8,039
Heritage Financial Corp. 466,545 7,931
* Ezcorp Inc. Class A 857,306 7,827
* Yadkin Financial Corp. 383,446 7,784
* Beneficial Bancorp Inc. 686,734 7,753
Westwood Holdings Group Inc. 127,176 7,669
First Busey Corp. 1,141,714 7,638
* NMI Holdings Inc. Class A 1,010,506 7,569
BancFirst Corp. 123,931 7,557
* CU Bancorp 328,507 7,474
Dynex Capital Inc. 876,232 7,422
CoBiz Financial Inc. 588,746 7,253
* INTL. FCStone Inc. 243,271 7,232
^ RCS Capital Corp. Class A 672,567 7,156
Stock Yards Bancorp Inc. 206,377 7,106
Meadowbrook Insurance Group Inc. 832,691 7,078
Bank Mutual Corp. 965,348 7,066
CorEnergy Infrastructure Trust Inc. 1,018,810 7,060
HCI Group Inc. 153,852 7,057
Great Western Bancorp Inc. 320,300 7,050
Diamond Hill Investment Group Inc. 44,013 7,042
* HomeStreet Inc. 380,015 6,962
RE/MAX Holdings Inc. 205,595 6,828
* LendingTree Inc. 120,646 6,757
Federated National Holding Co. 220,395 6,744
United Insurance Holdings Corp. 299,651 6,742
Armada Hoffler Properties Inc. 625,383 6,667
Peapack Gladstone Financial Corp. 306,681 6,624
* Ladenburg Thalmann Financial Services Inc. 1,712,630 6,611
Independent Bank Group Inc. 169,658 6,601
* PICO Holdings Inc. 406,330 6,587
Ashford Hospitality Prime Inc. 387,472 6,498
One Liberty Properties Inc. 265,789 6,491
State National Cos. Inc. 650,765 6,475
* Safeguard Scientifics Inc. 353,585 6,393
Peoples Bancorp Inc. 269,132 6,362
Whitestone REIT 394,879 6,271
First Connecticut Bancorp Inc. 402,998 6,194
Great Southern Bancorp Inc. 157,222 6,193

 

 

  Preferred Apartment Communities Inc. Class A 571,338 6,182
  Hudson Valley Holding Corp. 238,751 6,102
  GAMCO Investors Inc. 77,314 6,070
  Stonegate Bank 200,981 6,068
  West Bancorporation Inc. 295,741 5,882
  Southwest Bancorp Inc. 329,938 5,870
  OneBeacon Insurance Group Ltd. Class A 384,886 5,854
  Waterstone Financial Inc. 455,572 5,850
  Bryn Mawr Bank Corp. 191,792 5,832
  Banc of California Inc. 469,317 5,777
  Lakeland Bancorp Inc. 496,875 5,714
  Newcastle Investment Corp. 1,158,491 5,619
* Bancorp Inc. 617,721 5,578
  United Community Financial Corp. 1,013,343 5,533
* Seacoast Banking Corp. of Florida 384,591 5,488
  James River Group Holdings Ltd. 233,059 5,484
* C1 Financial Inc. 291,238 5,461
  Peoples Financial Services Corp. 121,669 5,459
*,^ On Deck Capital Inc. 255,216 5,434
* PennyMac Financial Services Inc. Class A 319,648 5,424
  Gladstone Commercial Corp. 287,375 5,348
  Enterprise Financial Services Corp. 257,381 5,318
  State Auto Financial Corp. 218,275 5,302
  MainSource Financial Group Inc. 268,476 5,273
  Consolidated-Tomoka Land Co. 87,122 5,198
* HomeTrust Bancshares Inc. 324,281 5,179
* Flagstar Bancorp Inc. 354,820 5,148
  Resource America Inc. Class A 563,455 5,127
  Independence Realty Trust Inc. 539,206 5,117
  Arrow Financial Corp. 187,247 5,084
  Financial Institutions Inc. 221,597 5,081
  Metro Bancorp Inc. 183,447 5,058
  Independent Bank Corp. 392,292 5,033
  German American Bancorp Inc. 170,859 5,028
  EMC Insurance Group Inc. 147,598 4,989
  Preferred Bank 181,363 4,982
  First Bancorp 279,699 4,912
* Blue Hills Bancorp Inc. 369,216 4,881
  Ares Commercial Real Estate Corp. 437,891 4,839
  Meta Financial Group Inc. 120,767 4,798
  Fidelity & Guaranty Life 226,195 4,795
  Bank of Kentucky Financial Corp. 96,087 4,713
* Phoenix Cos. Inc. 93,701 4,684
  Trade Street Residential Inc. 649,633 4,651
* MoneyGram International Inc. 537,471 4,644
^ Orchid Island Capital Inc. 349,356 4,625
* Easterly Government Properties Inc. 280,435 4,501
  Cherry Hill Mortgage Investment Corp. 255,132 4,498
* NewStar Financial Inc. 380,250 4,460
  Fidelity Southern Corp. 263,380 4,446
  Calamos Asset Management Inc. Class A 330,422 4,444
  Univest Corp. of Pennsylvania 224,075 4,434
  Mercantile Bank Corp. 223,978 4,379
  First Defiance Financial Corp. 131,541 4,317
  First of Long Island Corp. 168,678 4,301
  First Community Bancshares Inc. 245,292 4,300
  Camden National Corp. 107,679 4,290

 

 

  Charter Financial Corp. 371,930 4,277
  Park Sterling Corp. 600,468 4,263
* Tiptree Financial Inc. Class A 622,227 4,125
  Arbor Realty Trust Inc. 582,655 4,067
  Bridge Bancorp Inc. 157,073 4,057
  Bank of Marin Bancorp 79,664 4,055
  American National Insurance Co. 40,935 4,028
* Pacific Premier Bancorp Inc. 248,353 4,021
  Ellington Residential Mortgage REIT 237,790 3,895
  NewBridge Bancorp 428,990 3,827
  Suffolk Bancorp 160,926 3,824
* TriState Capital Holdings Inc. 365,066 3,822
  Guaranty Bancorp 223,224 3,786
* First Northwest Bancorp 301,846 3,767
  Heritage Oaks Bancorp 451,347 3,751
  ZAIS Financial Corp. 207,467 3,701
  Baldwin & Lyons Inc. 156,996 3,683
  Federal Agricultural Mortgage Corp. 129,190 3,642
  Silvercrest Asset Management Group Inc. Class A 255,262 3,637
*,^ Citizens Inc. Class A 585,716 3,608
* Altisource Asset Management Corp. 19,467 3,604
*,^ Nicholas Financial Inc. 255,164 3,575
* Bridge Capital Holdings 136,907 3,575
  Heritage Financial Group Inc. 129,498 3,526
  Republic Bancorp Inc. Class A 141,050 3,488
  OceanFirst Financial Corp. 201,519 3,480
  Investar Holding Corp. 202,721 3,467
  Oppenheimer Holdings Inc. Class A 147,342 3,457
  National Interstate Corp. 122,886 3,451
  Owens Realty Mortgage Inc. 229,781 3,442
  City Office REIT Inc. 267,545 3,406
  Opus Bank 108,917 3,363
* Global Indemnity plc 121,107 3,361
  Clifton Bancorp Inc. 235,260 3,320
* FRP Holdings Inc. 90,221 3,284
  BankFinancial Corp. 249,742 3,282
  Citizens & Northern Corp. 161,906 3,267
  Gain Capital Holdings Inc. 331,528 3,239
  ESSA Bancorp Inc. 252,258 3,234
  CNB Financial Corp. 189,417 3,224
  Manning & Napier Inc. 244,739 3,184
  Heritage Commerce Corp. 343,871 3,140
  Pacific Continental Corp. 237,114 3,135
  Marlin Business Services Corp. 155,534 3,115
*,^ Altisource Portfolio Solutions SA 240,545 3,096
  Territorial Bancorp Inc. 128,669 3,057
* Sun Bancorp Inc. 160,401 3,033
  Donegal Group Inc. Class A 191,748 3,014
  Reis Inc. 116,004 2,974
* Regional Management Corp. 200,718 2,963
^ JAVELIN Mortgage Investment Corp. 390,717 2,954
* Kearny Financial Corp. 216,985 2,947
*,^ Stonegate Mortgage Corp. 267,994 2,900
* JG Wentworth Co. Class A 276,286 2,871
  Bluerock Residential Growth REIT Inc. Class A 214,437 2,858
* FBR & Co. 122,998 2,842
* eHealth Inc. 301,356 2,827

 

 

  Penns Woods Bancorp Inc. 57,450 2,810
  Westfield Financial Inc. 363,279 2,808
  Ames National Corp. 112,988 2,808
  Kansas City Life Insurance Co. 59,723 2,743
  National Bankshares Inc. 91,093 2,718
  Sierra Bancorp 162,405 2,712
* Jason Industries Inc. 381,213 2,699
  MidWestOne Financial Group Inc. 91,437 2,636
* Cascade Bancorp 545,291 2,617
* Connecture Inc. 249,219 2,579
* Imperial Holdings Inc. 367,464 2,561
  Macatawa Bank Corp. 476,968 2,552
  Horizon Bancorp 108,982 2,549
* Farmers Capital Bank Corp. 109,052 2,535
  Capital City Bank Group Inc. 153,843 2,500
  First Financial Northwest Inc. 199,551 2,464
* Atlas Financial Holdings Inc. 137,757 2,434
  UMH Properties Inc. 239,570 2,412
* BSB Bancorp Inc. 120,857 2,391
* AV Homes Inc. 149,431 2,385
* Consumer Portfolio Services Inc. 340,560 2,381
  Provident Financial Holdings Inc. 148,682 2,377
* Old Second Bancorp Inc. 412,781 2,361
* Southern First Bancshares Inc. 137,887 2,344
  Bar Harbor Bankshares 71,964 2,342
  American National Bankshares Inc. 103,500 2,337
  First Bancorp Inc. 131,912 2,302
  Fifth Street Asset Management Inc. 199,952 2,253
  Fox Chase Bancorp Inc. 133,131 2,241
* Entegra Financial Corp. 143,422 2,224
* Ashford Inc. 18,705 2,221
* BRT Realty Trust 310,752 2,219
  Pzena Investment Management Inc. Class A 238,484 2,187
  First Business Financial Services Inc. 50,333 2,176
* CommunityOne Bancorp 219,784 2,163
* First Security Group Inc. 881,994 2,117
* Triumph Bancorp Inc. 152,772 2,087
  Five Oaks Investment Corp. 195,239 2,079
* Performant Financial Corp. 607,474 2,065
  Northrim BanCorp Inc. 83,917 2,059
  LCNB Corp. 133,563 2,044
*,^ Hemisphere Media Group Inc. 161,214 2,039
  Merchants Bancshares Inc. 68,100 1,986
  Sotherly Hotels Inc. 259,834 1,977
* County Bancorp Inc. 100,022 1,968
* Republic First Bancorp Inc. 534,080 1,939
* Hallmark Financial Services Inc. 181,402 1,923
* Orrstown Financial Services Inc. 112,299 1,920
* Pacific Mercantile Bancorp 264,123 1,912
  C&F Financial Corp. 54,312 1,898
* BBX Capital Corp. 100,347 1,866
  Blue Capital Reinsurance Holdings Ltd. 107,626 1,863
  Home Bancorp Inc. 86,917 1,849
* Hampton Roads Bankshares Inc. 974,850 1,842
  MutualFirst Financial Inc. 79,243 1,827
  Enterprise Bancorp Inc. 85,660 1,820
  SI Financial Group Inc. 147,248 1,788

 

 

  Medley Management Inc. Class A 159,760 1,756
  Farmland Partners Inc. 148,935 1,749
  Century Bancorp Inc. Class A 44,025 1,748
  Farmers National Banc Corp. 211,639 1,733
  Central Valley Community Bancorp 158,873 1,703
  Alliance Bancorp Inc. of Pennsylvania 78,443 1,694
  Cape Bancorp Inc. 176,768 1,690
  Old Line Bancshares Inc. 105,897 1,673
  Access National Corp. 85,934 1,610
  Pulaski Financial Corp. 128,630 1,591
  Hingham Institution for Savings 15,958 1,580
  FXCM Inc. Class A 732,674 1,561
  Middleburg Financial Corp. 83,787 1,543
  MidSouth Bancorp Inc. 103,391 1,525
* Green Bancorp Inc. 133,333 1,491
  Investors Title Co. 19,945 1,476
  Gladstone Land Corp. 121,422 1,463
* Hamilton Bancorp Inc. 105,571 1,444
  Monarch Financial Holdings Inc. 114,474 1,432
  Independence Holding Co. 103,421 1,406
* Malvern Bancorp Inc. 103,041 1,391
* Riverview Bancorp Inc. 297,785 1,355
* First Foundation Inc. 68,430 1,352
  Chemung Financial Corp. 47,586 1,347
* Asta Funding Inc. 158,546 1,322
  Premier Financial Bancorp Inc. 85,497 1,302
  Cheviot Financial Corp. 78,989 1,228
  Chicopee Bancorp Inc. 72,612 1,226
  HopFed Bancorp Inc. 95,055 1,223
* Westbury Bancorp Inc. 69,724 1,215
* ASB Bancorp Inc. 58,307 1,195
  Urstadt Biddle Properties Inc. 63,312 1,191
* UCP Inc. 136,344 1,186
* Impac Mortgage Holdings Inc. 93,677 1,166
  Palmetto Bancshares Inc. 60,800 1,155
  Ameriana Bancorp 68,169 1,111
  First Internet Bancorp 58,551 1,087
* Maui Land & Pineapple Co. Inc. 183,834 1,086
  QCR Holdings Inc. 59,550 1,068
  LNB Bancorp Inc. 58,711 1,047
* MBT Financial Corp. 181,717 1,019
*,^ ForceField Energy Inc. 135,432 1,016
* American River Bankshares 102,892 974
  Federal Agricultural Mortgage Corp. Class A 38,986 959
*,^ Health Insurance Innovations Inc. Class A 119,568 934
  Northeast Bancorp 99,071 914
* First Acceptance Corp. 371,196 898
  Bear State Financial Inc. 85,986 850
* Naugatuck Valley Financial Corp. 91,875 843
*,^ Ohr Pharmaceutical Inc. 325,450 827
  FS Bancorp Inc. 42,202 806
  Timberland Bancorp Inc. 73,350 796
  Hampden Bancorp Inc. 35,265 780
  AmeriServ Financial Inc. 260,540 776
* Coastway Bancorp Inc. 69,446 770
* First Marblehead Corp. 120,617 751
  US Global Investors Inc. Class A 231,835 741

 

 

  Eastern Virginia Bankshares Inc. 117,274 734
* Atlantic Coast Financial Corp. 171,014 710
* Bankwell Financial Group Inc. 36,723 701
  Baylake Corp. 52,942 669
* 1347 Property Insurance Holdings Inc. 84,185 639
  Guaranty Federal Bancshares Inc. 43,358 637
* First United Corp. 66,348 604
* Security National Financial Corp. Class A 113,311 604
  First Bancshares Inc. 36,681 587
*,^ 22nd Century Group Inc. 669,515 576
* Polonia Bancorp Inc. 41,525 534
* First Bank 82,347 497
*,^ Intersections Inc. 137,800 470
  Bank of South Carolina Corp. 28,084 421
  California First National Bancorp 28,965 399
  River Valley Bancorp 18,324 396
  Kingstone Cos. Inc. 51,893 391
  Community West Bancshares 59,145 390
  CIFC Corp. 47,737 365
  United Bancorp Inc. 46,010 363
  SB Financial Group Inc. 33,052 349
  Hennessy Advisors Inc. 16,956 343
  Salisbury Bancorp Inc. 10,806 320
* Royal Bancshares of Pennsylvania Inc. 180,190 311
  United Community Bancorp 22,954 305
  CB Financial Services Inc. 15,463 304
* CMS Bancorp Inc. 22,990 302
* HMN Financial Inc. 22,531 274
  Eagle Bancorp Montana Inc. 24,838 273
* WaferGen Bio-systems Inc. 54,360 246
* Atlanticus Holdings Corp. 105,954 242
  IF Bancorp Inc. 13,547 227
  Landmark Bancorp Inc. 8,750 224
  First Savings Financial Group Inc. 7,388 216
  LaPorte Bancorp Inc. 15,458 207
  First Citizens Banc Corp. 18,539 205
^ Wheeler REIT Inc. 87,300 200
  Institutional Financial Markets Inc. 124,173 192
  QC Holdings Inc. 83,632 187
* Transcontinental Realty Investors Inc. 16,524 184
  Summit State Bank 13,701 182
  Madison County Financial Inc. 7,541 172
  Citizens Community Bancorp Inc. 17,240 160
  Parke Bancorp Inc. 12,512 158
  WVS Financial Corp. 11,313 133
* Carolina Bank Holdings Inc. 13,013 130
  Patriot National Bancorp Inc. 8,709 127
* InterGroup Corp. 5,945 122
* American Realty Investors Inc. 21,174 114
* First Capital Bancorp Inc. 21,437 95
  Northeast Community Bancorp Inc. 12,016 84
* Income Opportunity Realty Investors Inc. 12,450 82
* Vestin Realty Mortgage II Inc. 23,180 82
* Jacksonville Bancorp Inc. 7,410 81
* Southcoast Financial Corp. 10,597 76
  Athens Bancshares Corp. 2,613 64
* Power REIT 7,236 63

 

 

Atlantic American Corp. 11,680 47
* Citizens First Corp. 3,499 43
Manhattan Bridge Capital Inc. 9,863 39
* Sunshine Bancorp Inc. 2,800 35
Pathfinder Bancorp Inc. 3,000 30
* Tejon Ranch Co. Warrants Exp. 08/31/2016 33,339 27
First Federal of Northern Michigan Bancorp Inc. 4,200 25
* Cordia Bancorp Inc. 5,680 23
* Internet Patents Corp. 8,626 23
United Bancshares Inc. 1,400 21
Southwest Georgia Financial Corp. 1,200 17
Home Federal Bancorp Inc. 780 15
* Melrose Bancorp Inc. 1,100 15
Two River Bancorp 1,600 14
HMG/Courtland Properties Inc. 945 11
* Unico American Corp. 900 10
* JW Mays Inc. 100 5
First West Virginia Bancorp 200 5
Bank of Commerce Holdings 465 3
* RMG Networks Holding Corp. 1,400 2
* Veritex Holdings Inc. 100 1
Sussex Bancorp 100 1
Unity Bancorp Inc. 100 1
* Valley National Bancorp Warrants Exp. 06/30/2015 6,511 —
    75,910,079
Health Care (13.7%)    
Johnson & Johnson 49,043,542 4,933,780
Pfizer Inc. 111,111,342 3,865,564
Merck & Co. Inc. 50,276,472 2,889,892
* Gilead Sciences Inc. 26,265,319 2,577,416
Amgen Inc. 13,380,034 2,138,798
* Actavis plc 6,947,962 2,067,852
UnitedHealth Group Inc. 16,821,372 1,989,800
Medtronic plc 25,100,886 1,957,618
Bristol-Myers Squibb Co. 29,309,141 1,890,440
* Biogen Inc. 4,136,922 1,746,774
* Celgene Corp. 14,116,723 1,627,376
AbbVie Inc. 26,699,780 1,563,005
Eli Lilly & Co. 17,631,053 1,280,896
Abbott Laboratories 26,552,847 1,230,193
* Express Scripts Holding Co. 12,815,882 1,112,034
Thermo Fisher Scientific Inc. 7,007,664 941,410
Anthem Inc. 4,708,208 726,994
Aetna Inc. 6,187,505 659,155
Baxter International Inc. 9,545,113 653,840
* Alexion Pharmaceuticals Inc. 3,563,403 617,538
* Regeneron Pharmaceuticals Inc. 1,329,516 600,250
Cigna Corp. 4,562,829 590,613
Becton Dickinson and Co. 3,676,216 527,868
Stryker Corp. 5,675,415 523,557
* Mylan NV 8,603,567 510,622
* Vertex Pharmaceuticals Inc. 4,266,689 503,341
* Illumina Inc. 2,533,861 470,386
Humana Inc. 2,640,624 470,084
* HCA Holdings Inc. 5,570,875 419,097
* Boston Scientific Corp. 23,441,486 416,086
Perrigo Co. plc 2,479,829 410,536

 

 

  Zoetis Inc. 7,981,326 369,456
  Zimmer Holdings Inc. 2,989,874 351,370
* BioMarin Pharmaceutical Inc. 2,770,296 345,234
  St. Jude Medical Inc. 4,994,055 326,611
* Intuitive Surgical Inc. 645,833 326,165
* DaVita HealthCare Partners Inc. 3,609,634 293,391
* Pharmacyclics Inc. 1,071,079 274,143
* Edwards Lifesciences Corp. 1,897,227 270,279
* Hospira Inc. 3,013,581 264,713
* Endo International plc 2,922,732 262,169
* Mallinckrodt plc 2,050,026 259,636
* Incyte Corp. 2,725,982 249,864
* Laboratory Corp. of America Holdings 1,754,582 221,235
  CR Bard Inc. 1,319,966 220,896
* Henry Schein Inc. 1,489,488 207,962
  Quest Diagnostics Inc. 2,532,631 194,633
  Universal Health Services Inc. Class B 1,609,904 189,502
^ ResMed Inc. 2,470,739 177,350
* Jazz Pharmaceuticals plc 1,012,460 174,943
* Waters Corp. 1,399,750 174,017
* Medivation Inc. 1,309,041 168,958
* Varian Medical Systems Inc. 1,759,601 165,561
* Alkermes plc 2,613,440 159,341
  Cooper Cos. Inc. 846,346 158,622
* Hologic Inc. 4,181,110 138,081
* United Therapeutics Corp. 784,002 135,189
* Isis Pharmaceuticals Inc. 2,079,706 132,415
* Centene Corp. 1,846,241 130,511
* IDEXX Laboratories Inc. 836,626 129,242
  DENTSPLY International Inc. 2,483,568 126,389
* MEDNAX Inc. 1,717,430 124,531
* Alnylam Pharmaceuticals Inc. 1,185,867 123,828
* Envision Healthcare Holdings Inc. 3,228,662 123,819
* Brookdale Senior Living Inc. 3,217,688 121,500
* Puma Biotechnology Inc. 470,379 111,061
* Community Health Systems Inc. 1,944,454 101,656
* Sirona Dental Systems Inc. 1,006,489 90,574
  Teleflex Inc. 731,585 88,397
* Tenet Healthcare Corp. 1,724,885 85,399
* Quintiles Transnational Holdings Inc. 1,255,978 84,113
* DexCom Inc. 1,297,254 80,871
* Health Net Inc. 1,295,625 78,372
*,^ Intercept Pharmaceuticals Inc. 273,201 77,048
  Patterson Cos. Inc. 1,545,290 75,395
  West Pharmaceutical Services Inc. 1,248,878 75,195
* Team Health Holdings Inc. 1,253,769 73,358
  STERIS Corp. 1,040,693 73,130
* Receptos Inc. 435,123 71,747
* Cepheid 1,241,829 70,660
* WellCare Health Plans Inc. 770,760 70,494
* Alere Inc. 1,390,062 67,974
* PAREXEL International Corp. 964,101 66,513
  Bio-Techne Corp. 652,654 65,455
* Charles River Laboratories International Inc. 821,790 65,160
  HealthSouth Corp. 1,463,483 64,920
* Align Technology Inc. 1,196,416 64,349
* Akorn Inc. 1,329,336 63,157

 

 

*,^ Seattle Genetics Inc. 1,678,740 59,343
* Bluebird Bio Inc. 489,004 59,057
* LifePoint Hospitals Inc. 792,435 58,204
* Acadia Healthcare Co. Inc. 808,079 57,858
* Impax Laboratories Inc. 1,192,370 55,886
* Neurocrine Biosciences Inc. 1,406,924 55,869
* Pacira Pharmaceuticals Inc. 605,555 53,804
*,^ OPKO Health Inc. 3,747,538 53,103
* Amsurg Corp. 840,114 51,684
  Hill-Rom Holdings Inc. 1,011,867 49,581
* Bio-Rad Laboratories Inc. Class A 358,864 48,511
* Celldex Therapeutics Inc. 1,703,783 47,484
*,^ Agios Pharmaceuticals Inc. 494,730 46,653
* ABIOMED Inc. 650,732 46,579
* ACADIA Pharmaceuticals Inc. 1,399,857 45,621
*,^ Myriad Genetics Inc. 1,280,965 45,346
* Synageva BioPharma Corp. 431,571 42,091
* Catalent Inc. 1,327,299 41,345
* Haemonetics Corp. 907,204 40,752
* Molina Healthcare Inc. 605,577 40,749
* Horizon Pharma plc 1,562,215 40,571
* Thoratec Corp. 961,113 40,261
* Halyard Health Inc. 815,311 40,113
* Prestige Brands Holdings Inc. 920,558 39,483
* NuVasive Inc. 838,094 38,544
* Dyax Corp. 2,290,626 38,379
  Owens & Minor Inc. 1,133,381 38,354
  Healthcare Services Group Inc. 1,184,395 38,055
* Novavax Inc. 4,419,761 36,551
* Ironwood Pharmaceuticals Inc. Class A 2,201,008 35,216
* Magellan Health Inc. 490,631 34,746
* Anacor Pharmaceuticals Inc. 599,907 34,705
*,^ Exact Sciences Corp. 1,575,080 34,683
* Clovis Oncology Inc. 456,297 33,871
*,^ Intrexon Corp. 739,719 33,561
* Insulet Corp. 988,811 32,977
* Auspex Pharmaceuticals Inc. 328,102 32,899
* Bruker Corp. 1,772,791 32,743
* Medicines Co. 1,148,611 32,184
* Globus Medical Inc. 1,244,723 31,417
  Kindred Healthcare Inc. 1,315,018 31,284
* Ultragenyx Pharmaceutical Inc. 471,688 29,287
* Neogen Corp. 619,915 28,969
* PTC Therapeutics Inc. 474,181 28,854
* Air Methods Corp. 618,709 28,826
* Cyberonics Inc. 437,592 28,408
* AMAG Pharmaceuticals Inc. 517,035 28,261
  Cantel Medical Corp. 594,038 28,217
*,^ Kite Pharma Inc. 484,726 27,959
* Lannett Co. Inc. 407,153 27,568
  Select Medical Holdings Corp. 1,849,297 27,425
* Masimo Corp. 831,180 27,412
* Integra LifeSciences Holdings Corp. 437,104 26,947
* Spectranetics Corp. 734,586 25,534
* Nektar Therapeutics 2,310,058 25,411
*,^ Halozyme Therapeutics Inc. 1,766,630 25,227
* HeartWare International Inc. 284,465 24,968

 

 

*,^ Juno Therapeutics Inc. 406,511 24,659
* Acorda Therapeutics Inc. 735,082 24,464
* Ligand Pharmaceuticals Inc. 314,988 24,289
* ARIAD Pharmaceuticals Inc. 2,932,132 24,161
  Abaxis Inc. 375,135 24,050
* Portola Pharmaceuticals Inc. Class A 632,168 23,997
* HMS Holdings Corp. 1,548,037 23,917
* Chimerix Inc. 626,180 23,601
* Depomed Inc. 1,031,039 23,106
* Wright Medical Group Inc. 883,236 22,787
* ICU Medical Inc. 244,009 22,727
*,^ Keryx Biopharmaceuticals Inc. 1,777,047 22,622
^ Theravance Inc. 1,423,819 22,382
*,^ MannKind Corp. 4,298,918 22,354
  CONMED Corp. 438,856 22,158
* Natus Medical Inc. 546,644 21,576
* Omnicell Inc. 596,663 20,943
* Fluidigm Corp. 495,487 20,860
^ PDL BioPharma Inc. 2,897,901 20,387
  Analogic Corp. 218,938 19,901
*,^ Esperion Therapeutics Inc. 214,702 19,881
*,^ Merrimack Pharmaceuticals Inc. 1,658,131 19,699
* Cardiovascular Systems Inc. 497,204 19,411
* Endologix Inc. 1,111,326 18,970
* Tetraphase Pharmaceuticals Inc. 513,149 18,802
* Ophthotech Corp. 403,849 18,791
* Array BioPharma Inc. 2,543,354 18,745
*,^ NewLink Genetics Corp. 341,603 18,689
  Ensign Group Inc. 396,069 18,560
*,^ Arena Pharmaceuticals Inc. 4,231,360 18,491
* Insmed Inc. 887,580 18,462
* Cempra Inc. 535,534 18,374
* Sangamo BioSciences Inc. 1,153,692 18,090
* Achillion Pharmaceuticals Inc. 1,777,129 17,523
*,^ ZIOPHARM Oncology Inc. 1,608,392 17,322
* Amicus Therapeutics Inc. 1,578,988 17,179
* NxStage Medical Inc. 985,359 17,047
* Tornier NV 644,969 16,911
* Repligen Corp. 544,786 16,540
* Affymetrix Inc. 1,273,454 15,995
* KYTHERA Biopharmaceuticals Inc. 310,364 15,565
*,^ MiMedx Group Inc. 1,493,239 15,530
* Zeltiq Aesthetics Inc. 497,866 15,349
* Bio-Reference Laboratories Inc. 434,418 15,309
*,^ Orexigen Therapeutics Inc. 1,942,421 15,209
* PharMerica Corp. 538,656 15,185
* Emergent Biosolutions Inc. 527,917 15,183
*,^ Insys Therapeutics Inc. 243,593 14,160
*,^ Foundation Medicine Inc. 291,767 14,037
* IPC Healthcare Inc. 300,712 14,025
* Merit Medical Systems Inc. 718,945 13,840
* Quidel Corp. 512,716 13,833
*,^ Omeros Corp. 620,621 13,672
* ImmunoGen Inc. 1,515,073 13,560
  Meridian Bioscience Inc. 705,091 13,453
* Hanger Inc. 591,429 13,420
* LDR Holding Corp. 364,591 13,359

 

 

* Acceleron Pharma Inc. 339,830 12,934
* Relypsa Inc. 357,032 12,878
* Avalanche Biotechnologies Inc. 314,662 12,750
* Orthofix International NV 354,797 12,734
* Capital Senior Living Corp. 489,461 12,697
* Momenta Pharmaceuticals Inc. 829,652 12,611
* Amedisys Inc. 470,555 12,601
* Surgical Care Affiliates Inc. 366,195 12,571
* VWR Corp. 478,652 12,440
*,^ OvaScience Inc. 351,972 12,224
* Radius Health Inc. 295,779 12,174
* Aegerion Pharmaceuticals Inc. 463,472 12,129
*,^ Raptor Pharmaceutical Corp. 1,110,927 12,076
* Accuray Inc. 1,286,202 11,962
* TherapeuticsMD Inc. 1,955,687 11,832
* PRA Health Sciences Inc. 398,855 11,503
* MacroGenics Inc. 366,523 11,498
* Infinity Pharmaceuticals Inc. 810,603 11,332
* ZS Pharma Inc. 265,482 11,171
* Cynosure Inc. Class A 359,006 11,011
* BioCryst Pharmaceuticals Inc. 1,204,829 10,880
* Luminex Corp. 673,364 10,774
* Spark Therapeutics Inc. 138,631 10,744
* Healthways Inc. 543,445 10,706
* Sage Therapeutics Inc. 210,550 10,576
* Universal American Corp. 985,290 10,523
* Dynavax Technologies Corp. 459,741 10,312
* Anika Therapeutics Inc. 250,309 10,305
* Retrophin Inc. 429,760 10,297
* Geron Corp. 2,729,401 10,290
* Amphastar Pharmaceuticals Inc. 674,721 10,094
  Invacare Corp. 518,717 10,068
  Atrion Corp. 29,008 10,023
* Aerie Pharmaceuticals Inc. 315,110 9,876
*,^ Accelerate Diagnostics Inc. 435,268 9,794
* Hyperion Therapeutics Inc. 206,935 9,498
  US Physical Therapy Inc. 198,423 9,425
* Sagent Pharmaceuticals Inc. 397,942 9,252
* HealthStream Inc. 365,973 9,223
* GenMark Diagnostics Inc. 678,886 8,812
  National HealthCare Corp. 136,649 8,706
*,^ Rockwell Medical Inc. 788,562 8,619
*,^ Sarepta Therapeutics Inc. 645,050 8,566
* AtriCure Inc. 417,222 8,549
* Aratana Therapeutics Inc. 524,955 8,405
* BioDelivery Sciences International Inc. 794,397 8,341
*,^ Regulus Therapeutics Inc. 491,482 8,326
* Vascular Solutions Inc. 273,838 8,303
* Triple-S Management Corp. Class B 416,437 8,279
*,^ TG Therapeutics Inc. 529,637 8,199
* AngioDynamics Inc. 459,969 8,183
*,^ Sequenom Inc. 2,037,179 8,047
*,^ Karyopharm Therapeutics Inc. 258,383 7,909
* Genomic Health Inc. 257,468 7,866
*,^ Inovio Pharmaceuticals Inc. 962,608 7,855
*,^ Exelixis Inc. 3,056,118 7,854
* Otonomy Inc. 220,601 7,800

 

 

* Alder Biopharmaceuticals Inc. 267,450 7,719
*,^ Vital Therapies Inc. 305,802 7,648
* LHC Group Inc. 228,964 7,563
* Theravance Biopharma Inc. 431,340 7,484
* Albany Molecular Research Inc. 423,436 7,452
*,^ Zafgen Inc. 187,677 7,434
* ANI Pharmaceuticals Inc. 118,565 7,416
* Epizyme Inc. 391,633 7,355
*,^ Spectrum Pharmaceuticals Inc. 1,211,425 7,353
* Xencor Inc. 479,014 7,339
*,^ Unilife Corp. 1,829,860 7,338
* Progenics Pharmaceuticals Inc. 1,224,309 7,321
* CorVel Corp. 211,601 7,281
*,^ Synergy Pharmaceuticals Inc. 1,546,807 7,146
* XenoPort Inc. 998,727 7,111
* INC Research Holdings Inc. Class A 215,595 7,056
* K2M Group Holdings Inc. 316,823 6,986
*,^ Cerus Corp. 1,612,584 6,724
*,^ XOMA Corp. 1,836,058 6,683
* Supernus Pharmaceuticals Inc. 531,662 6,428
*,^ Idera Pharmaceuticals Inc. 1,731,485 6,424
*,^ Arrowhead Research Corp. 946,387 6,402
* Paratek Pharmaceuticals Inc. 204,631 6,397
*,^ Vanda Pharmaceuticals Inc. 686,327 6,383
* SurModics Inc. 243,117 6,328
* Almost Family Inc. 141,259 6,316
* Nevro Corp. 130,746 6,267
* Adeptus Health Inc. Class A 123,939 6,224
* Eagle Pharmaceuticals Inc. 147,634 6,184
* OraSure Technologies Inc. 942,601 6,165
* SciClone Pharmaceuticals Inc. 694,155 6,150
* Five Prime Therapeutics Inc. 267,284 6,107
* Sucampo Pharmaceuticals Inc. Class A 391,611 6,093
* Atara Biotherapeutics Inc. 146,473 6,089
* Corcept Therapeutics Inc. 1,065,416 5,966
* Antares Pharma Inc. 2,108,142 5,713
*,^ IGI Laboratories Inc. 698,272 5,698
* Pacific Biosciences of California Inc. 967,362 5,649
*,^ Immunomedics Inc. 1,463,770 5,606
*,^ Ampio Pharmaceuticals Inc. 735,499 5,538
* Heron Therapeutics Inc. 380,341 5,534
* FibroGen Inc. 174,451 5,474
* Rigel Pharmaceuticals Inc. 1,531,024 5,466
*,^ Advaxis Inc. 376,335 5,434
*,^ Northwest Biotherapeutics Inc. 734,898 5,416
* Ocular Therapeutix Inc. 127,192 5,340
* Agenus Inc. 1,034,052 5,305
* Mirati Therapeutics Inc. 179,214 5,255
* Revance Therapeutics Inc. 250,087 5,184
* Civitas Solutions Inc. 245,598 5,143
* Versartis Inc. 278,566 5,117
* Catalyst Pharmaceutical Partners Inc. 1,176,020 5,092
* Osiris Therapeutics Inc. 288,347 5,069
*,^ BioScrip Inc. 1,136,638 5,035
* Verastem Inc. 490,137 4,985
* Pernix Therapeutics Holdings Inc. 458,930 4,906
* STAAR Surgical Co. 646,748 4,805

 

 

*,^ OncoMed Pharmaceuticals Inc. 186,062 4,797
* Inogen Inc. 149,047 4,768
*,^ Lexicon Pharmaceuticals Inc. 5,047,145 4,766
* RadNet Inc. 567,139 4,764
  CryoLife Inc. 457,226 4,741
* Curis Inc. 1,876,252 4,503
* La Jolla Pharmaceutical Co. 242,827 4,444
* RTI Surgical Inc. 895,897 4,426
* Threshold Pharmaceuticals Inc. 1,056,768 4,290
*,^ Peregrine Pharmaceuticals Inc. 3,041,533 4,106
* Sorrento Therapeutics Inc. 355,100 4,105
* CTI BioPharma Corp. 2,262,564 4,095
*,^ Organovo Holdings Inc. 1,139,843 4,035
* Exactech Inc. 156,674 4,016
* BioTelemetry Inc. 452,839 4,008
* Intersect ENT Inc. 155,077 4,006
* Coherus Biosciences Inc. 129,123 3,949
* NeoGenomics Inc. 832,720 3,889
*,^ VIVUS Inc. 1,577,396 3,880
*,^ Galena Biopharma Inc. 2,768,565 3,848
* POZEN Inc. 486,855 3,759
* Dicerna Pharmaceuticals Inc. 155,746 3,743
* Concert Pharmaceuticals Inc. 246,975 3,740
*,^ Navidea Biopharmaceuticals Inc. 2,347,470 3,732
* Stemline Therapeutics Inc. 257,682 3,729
* Cytokinetics Inc. 548,302 3,717
* Bellicum Pharmaceuticals Inc. 158,502 3,672
* Targacept Inc. 1,236,103 3,671
* Assembly Biosciences Inc. 271,674 3,597
*,^ CorMedix Inc. 360,029 3,543
* Repros Therapeutics Inc. 408,054 3,505
* Tandem Diabetes Care Inc. 277,551 3,503
*,^ ChemoCentryx Inc. 458,740 3,463
*,^ Endocyte Inc. 548,165 3,432
* Dermira Inc. 219,093 3,363
* Asterias Biotherapeutics Inc. 497,638 3,354
*,^ Athersys Inc. 1,154,762 3,326
* Zogenix Inc. 2,424,538 3,322
* Cutera Inc. 256,696 3,317
* Enanta Pharmaceuticals Inc. 104,349 3,195
* Synta Pharmaceuticals Corp. 1,618,854 3,141
* Alliance HealthCare Services Inc. 140,174 3,109
*,^ AAC Holdings Inc. 101,441 3,102
*,^ Celladon Corp. 162,070 3,070
* Sientra Inc. 158,768 3,047
* CytoSorbents Corp. 229,805 3,031
* Flexion Therapeutics Inc. 134,128 3,021
*,^ BioTime Inc. 607,437 3,019
* Durect Corp. 1,566,870 2,993
* Derma Sciences Inc. 352,478 2,985
  Utah Medical Products Inc. 49,349 2,954
* Five Star Quality Care Inc. 663,749 2,947
* Oncothyreon Inc. 1,802,303 2,938
* Ignyta Inc. 291,053 2,896
* Applied Genetic Technologies Corp. 139,488 2,788
* Harvard Bioscience Inc. 468,415 2,726
*,^ Neuralstem Inc. 1,393,824 2,648

 

 

* Genocea Biosciences Inc. 221,291 2,625
*,^ Medgenics Inc. 321,967 2,592
*,^ Synthetic Biologics Inc. 1,180,712 2,586
*,^ CytRx Corp. 766,943 2,585
* Trevena Inc. 394,401 2,572
* Sunesis Pharmaceuticals Inc. 1,043,002 2,555
*,^ Trovagene Inc. 368,733 2,511
* Genesis Healthcare Inc. 349,275 2,487
*,^ Tenax Therapeutics Inc. 761,068 2,481
* BioSpecifics Technologies Corp. 62,212 2,436
* Provectus Biopharmaceuticals Inc. Class A 2,961,256 2,413
* Calithera Biosciences Inc. 144,120 2,366
* Flex Pharma Inc. 119,152 2,335
* Anthera Pharmaceuticals Inc. 518,474 2,318
* Proteon Therapeutics Inc. 199,110 2,316
* Heska Corp. 88,955 2,293
* Cellular Dynamics International Inc. 138,585 2,277
*,^ T2 Biosystems Inc. 143,484 2,227
* Addus HomeCare Corp. 92,603 2,132
* EPIRUS Biopharmaceuticals Inc. 236,255 2,114
* Adamas Pharmaceuticals Inc. 120,659 2,110
* ArQule Inc. 938,858 2,103
*,^ Bio-Path Holdings Inc. 1,149,371 2,069
* Alimera Sciences Inc. 408,232 2,045
*,^ Rexahn Pharmaceuticals Inc. 2,783,243 2,032
*,^ Coronado Biosciences Inc. 526,032 2,025
* Synergetics USA Inc. 372,571 2,008
*,^ AcelRx Pharmaceuticals Inc. 499,444 1,928
* Cymabay Therapeutics Inc. 276,247 1,912
  Psychemedics Corp. 111,707 1,854
  LeMaitre Vascular Inc. 220,830 1,851
* Pfenex Inc. 111,477 1,777
* Fibrocell Science Inc. 392,939 1,772
* Enzo Biochem Inc. 592,191 1,747
*,^ pSivida Corp. 441,761 1,745
  Digirad Corp. 384,321 1,745
* Kindred Biosciences Inc. 243,441 1,738
* NanoString Technologies Inc. 166,957 1,701
* Discovery Laboratories Inc. 1,429,137 1,701
* Vitae Pharmaceuticals Inc. 143,858 1,685
* Akebia Therapeutics Inc. 148,865 1,654
* Tokai Pharmaceuticals Inc. 145,408 1,643
* Tonix Pharmaceuticals Holding Corp. 248,065 1,568
*,^ Cytori Therapeutics Inc. 1,317,357 1,554
*,^ NanoViricides Inc. 684,509 1,540
*,^ NeoStem Inc. 580,038 1,473
* Alphatec Holdings Inc. 1,010,264 1,465
*,^ IsoRay Inc. 918,051 1,441
* Achaogen Inc. 144,172 1,407
* Cara Therapeutics Inc. 139,078 1,398
* ContraFect Corp. 269,494 1,388
*,^ Biolase Inc. 671,775 1,357
*,^ PharmAthene Inc. 820,861 1,338
* Fonar Corp. 100,691 1,320
* Actinium Pharmaceuticals Inc. 523,475 1,293
* Vericel Corp. 348,151 1,288
* AVEO Pharmaceuticals Inc. 882,183 1,279

 

 

*,^ Apricus Biosciences Inc. 671,418 1,256
*,^ Ocera Therapeutics Inc. 264,414 1,245
* Wright Medical Group Inc. 288,011 1,238
*,^ Hansen Medical Inc. 1,420,951 1,236
* Pain Therapeutics Inc. 648,731 1,226
* Vical Inc. 1,296,253 1,225
* Symmetry Surgical Inc. 165,119 1,210
*,^ CEL-SCI Corp. 1,149,176 1,207
* AdCare Health Systems Inc. 265,448 1,163
*,^ Galectin Therapeutics Inc. 345,606 1,158
* Mast Therapeutics Inc. 2,290,083 1,111
* Iridex Corp. 105,601 1,107
*,^ Sunshine Heart Inc. 258,495 1,096
*,^ PhotoMedex Inc. 542,154 1,090
* Ardelyx Inc. 81,749 1,070
* TriVascular Technologies Inc. 101,441 1,064
* Cumberland Pharmaceuticals Inc. 157,970 1,052
*,^ StemCells Inc. 1,028,124 1,049
* Argos Therapeutics Inc. 115,127 1,026
* Immune Design Corp. 48,484 1,024
* GlycoMimetics Inc. 122,530 1,019
*,^ BIND Therapeutics Inc. 183,435 1,007
*,^ Cancer Genetics Inc. 120,876 944
*,^ Conatus Pharmaceuticals Inc. 130,165 927
*,^ TearLab Corp. 457,458 910
* MediciNova Inc. 256,712 904
* Brainstorm Cell Therapeutics Inc. 199,131 886
*,^ Alexza Pharmaceuticals Inc. 425,033 880
* Alliqua BioMedical Inc. 169,073 879
* MEI Pharma Inc. 478,002 856
* AxoGen Inc. 241,839 846
* Columbia Laboratories Inc. 135,271 840
* InfuSystems Holdings Inc. 299,233 811
*,^ EnteroMedics Inc. 878,154 804
* Fate Therapeutics Inc. 163,138 798
* ImmunoCellular Therapeutics Ltd. 1,547,621 751
* Cardica Inc. 1,191,779 750
* Veracyte Inc. 101,153 736
* Misonix Inc. 54,837 716
* Eleven Biotherapeutics Inc. 79,313 707
* Celator Pharmaceuticals Inc. 284,816 704
* Entellus Medical Inc. 32,016 701
* Adamis Pharmaceuticals Corp. 175,999 693
* Retractable Technologies Inc. 175,484 681
*,^ Hemispherx Biopharma Inc. 2,817,887 642
* Celsion Corp. 233,703 624
* OncoGenex Pharmaceuticals Inc. 283,610 610
* Imprimis Pharmaceuticals Inc. 75,879 605
  Enzon Pharmaceuticals Inc. 551,017 584
*,^ Heat Biologics Inc. 88,564 563
* Palatin Technologies Inc. 545,490 556
* Corium International Inc. 81,050 554
*,^ Stereotaxis Inc. 261,780 539
* CAS Medical Systems Inc. 400,050 534
*,^ Atossa Genetics Inc. 295,017 531
* SCYNEXIS Inc. 61,400 510
* NephroGenex Inc. 64,091 504

 

 

* Avinger Inc. 45,322 503
* Chembio Diagnostics Inc. 123,989 491
* Hooper Holmes Inc. 938,591 488
* Bovie Medical Corp. 203,229 486
* Aradigm Corp. 76,376 483
*,^ Biocept Inc. 215,365 482
*,^ iBio Inc. 623,723 475
  Span-America Medical Systems Inc. 24,343 471
*,^ Onconova Therapeutics Inc. 190,699 460
* Regado Biosciences Inc. 364,268 444
  Diversicare Healthcare Services Inc. 32,197 444
* Harvard Apparatus Regenerative Technology Inc. 131,745 428
* Dipexium Pharmaceuticals Inc. 30,760 420
*,^ Cyclacel Pharmaceuticals Inc. 457,534 412
* TetraLogic Pharmaceuticals Corp. 93,481 409
* Cesca Therapeutics Inc. 438,429 395
*,^ OXiGENE Inc. 264,600 386
* Nanosphere Inc. 1,650,468 383
  Daxor Corp. 66,868 380
*,^ Vermillion Inc. 214,146 379
* Loxo Oncology Inc. 29,100 362
*,^ NovaBay Pharmaceuticals Inc. 524,732 362
* Echo Therapeutics Inc. 168,231 358
* Uroplasty Inc. 292,998 357
*,^ Opexa Therapeutics Inc. 639,405 351
* CASI Pharmaceuticals Inc. 238,736 351
* Biodel Inc. 289,368 344
* MGC Diagnostics Corp. 46,575 343
* ERBA Diagnostics Inc. 91,945 323
* Lpath Inc. Class A 120,549 298
*,^ BG Medicine Inc. 360,865 292
* Cerulean Pharma Inc. 32,066 289
*,^ GTx Inc. 424,404 287
* Evoke Pharma Inc. 38,871 272
*,^ ARCA biopharma Inc. 320,424 256
*,^ Akers Biosciences Inc. 60,354 256
*,^ Venaxis Inc. 540,580 250
* CombiMatrix Corp. 125,915 239
* CareDx Inc. 42,100 233
* Oragenics Inc. 227,875 232
* Acura Pharmaceuticals Inc. 290,832 230
* iRadimed Corp. 14,800 225
* Neothetics Inc. 26,780 220
* Capnia Inc. 34,100 218
* Response Genetics Inc. 463,766 213
* Oculus Innovative Sciences Inc. 246,641 207
* Presbia plc 26,600 197
* Recro Pharma Inc. 20,949 190
* KaloBios Pharmaceuticals Inc. 383,692 188
* Invitae Corp. 10,693 179
* Agile Therapeutics Inc. 17,711 164
* Signal Genetics Inc. 70,186 151
* Allied Healthcare Products Inc. 87,500 143
* Cleveland BioLabs Inc. 39,640 142
* Perseon Corp. 346,683 142
* Escalon Medical Corp. 105,245 142
* Bioanalytical Systems Inc. 65,747 133

 

 

*,^ Delcath Systems Inc. 131,189 126
* Amedica Corp. 358,385 126
* Vision Sciences Inc. 358,120 125
* Minerva Neurosciences Inc. 22,832 114
*,^ RXi Pharmaceuticals Corp. 150,986 109
* Arrhythmia Research Technology Inc. 12,440 90
* GenVec Inc. 30,569 90
* ProPhase Labs Inc. 56,433 74
* USMD Holdings Inc. 5,047 53
* Aldeyra Therapeutics Inc. 4,198 44
* Marinus Pharmaceuticals Inc. 4,600 41
* ImmuCell Corp. 5,733 38
* Ruthigen Inc. 7,774 26
  Birner Dental Management Services Inc. 1,710 24
* Roka Bioscience Inc. 6,114 20
* GlobeImmune Inc. 2,318 17
* Transgenomic Inc. 10,300 15
* Semler Scientific Inc. 3,083 11
* BioLife Solutions Inc. 6,786 11
* Immune Pharmaceuticals Inc. 5,959 11
* Electromed Inc. 2,800 7
* Cellectar Biosciences Inc. 1,700 5
* Sophiris Bio Inc. 8,851 5
* SIGA Technologies Inc. 2,200 4
* American CareSource Holdings Inc. 100 —
      55,347,186
Industrials (12.5%)    
  General Electric Co. 177,144,480 4,394,955
  3M Co. 11,194,363 1,846,510
  United Technologies Corp. 15,196,530 1,781,033
  Union Pacific Corp. 15,547,774 1,683,979
  Boeing Co. 11,179,984 1,677,892
  Honeywell International Inc. 13,107,372 1,367,230
  United Parcel Service Inc. Class B 12,542,470 1,215,867
  Accenture plc Class A 11,069,868 1,037,136
  Lockheed Martin Corp. 4,728,156 959,627
  Danaher Corp. 10,569,672 897,365
  Caterpillar Inc. 10,676,928 854,475
  FedEx Corp. 4,742,756 784,689
  Automatic Data Processing Inc. 8,392,976 718,774
  Emerson Electric Co. 12,066,283 683,193
  General Dynamics Corp. 4,965,402 673,954
  Raytheon Co. 5,422,931 592,455
  CSX Corp. 17,456,299 578,153
  Northrop Grumman Corp. 3,493,719 562,349
  Eaton Corp. plc 8,253,485 560,742
  Norfolk Southern Corp. 5,416,450 557,461
  Illinois Tool Works Inc. 5,661,361 549,945
  Precision Castparts Corp. 2,497,673 524,511
  Deere & Co. 5,972,943 523,767
  TE Connectivity Ltd. 7,159,384 512,755
* LinkedIn Corp. Class A 1,928,523 481,861
  Waste Management Inc. 8,072,728 437,784
  Cummins Inc. 3,045,789 422,268
  Sherwin-Williams Co. 1,430,591 407,003
  PACCAR Inc. 6,242,523 394,153
  Fidelity National Information Services Inc. 4,992,368 339,781

 

 

* Fiserv Inc. 4,276,469 339,552
Amphenol Corp. Class A 5,454,822 321,453
Tyco International plc 7,380,875 317,820
Ingersoll-Rand plc 4,663,311 317,478
* Alliance Data Systems Corp. 1,069,606 316,871
Roper Industries Inc. 1,764,619 303,514
Parker-Hannifin Corp. 2,505,623 297,618
Paychex Inc. 5,744,663 285,021
Rockwell Automation Inc. 2,384,334 276,559
WW Grainger Inc. 1,079,989 254,672
Agilent Technologies Inc. 5,875,729 244,137
Xerox Corp. 18,797,828 241,552
Rockwell Collins Inc. 2,336,710 225,609
AMETEK Inc. 4,287,642 225,273
* Stericycle Inc. 1,508,999 211,909
* FleetCor Technologies Inc. 1,370,011 206,762
Pentair plc 3,243,386 203,977
Kansas City Southern 1,945,424 198,589
Dover Corp. 2,871,549 198,481
Fastenal Co. 4,689,489 194,309
Vulcan Materials Co. 2,304,760 194,291
Textron Inc. 4,380,457 194,186
Pall Corp. 1,876,009 188,333
CH Robinson Worldwide Inc. 2,563,186 187,676
TransDigm Group Inc. 840,748 183,888
* Verisk Analytics Inc. Class A 2,516,433 179,673
Republic Services Inc. Class A 4,401,559 178,527
* Sensata Technologies Holding NV 2,967,429 170,479
Ball Corp. 2,413,151 170,465
L-3 Communications Holdings Inc. 1,321,852 166,276
* Mettler-Toledo International Inc. 502,620 165,186
Masco Corp. 6,173,208 164,825
Towers Watson & Co. Class A 1,228,732 162,420
Sealed Air Corp. 3,530,474 160,848
Rock-Tenn Co. Class A 2,458,979 158,604
Martin Marietta Materials Inc. 1,122,727 156,957
Expeditors International of Washington Inc. 3,222,382 155,254
* United Rentals Inc. 1,697,256 154,722
Wabtec Corp. 1,602,819 152,284
Fluor Corp. 2,622,434 149,898
MeadWestvaco Corp. 2,947,529 146,993
JB Hunt Transport Services Inc. 1,658,035 141,588
Robert Half International Inc. 2,271,923 137,497
Packaging Corp. of America 1,726,461 134,992
Flowserve Corp. 2,386,205 134,797
Cintas Corp. 1,649,230 134,627
Fortune Brands Home & Security Inc. 2,774,139 131,716
* Crown Holdings Inc. 2,429,996 131,268
* Spirit AeroSystems Holdings Inc. Class A 2,473,582 129,146
* Flextronics International Ltd. 10,175,812 128,978
Acuity Brands Inc. 762,236 128,178
ADT Corp. 3,052,589 126,744
ManpowerGroup Inc. 1,391,258 119,857
Huntington Ingalls Industries Inc. 849,126 119,005
B/E Aerospace Inc. 1,850,017 117,698
Broadridge Financial Solutions Inc. 2,100,856 115,568
* Trimble Navigation Ltd. 4,566,039 115,064

 

 

Xylem Inc. 3,215,644 112,612
Total System Services Inc. 2,942,158 112,243
Valspar Corp. 1,318,303 110,777
* Keysight Technologies Inc. 2,959,861 109,959
Global Payments Inc. 1,185,693 108,704
Avnet Inc. 2,410,693 107,276
* CoStar Group Inc. 540,748 106,976
* Quanta Services Inc. 3,731,490 106,459
IDEX Corp. 1,395,923 105,853
Carlisle Cos. Inc. 1,142,004 105,784
* Arrow Electronics Inc. 1,696,308 103,729
* Jacobs Engineering Group Inc. 2,284,447 103,166
Allegion plc 1,676,933 102,578
PerkinElmer Inc. 1,995,857 102,068
Jack Henry & Associates Inc. 1,439,384 100,599
Allison Transmission Holdings Inc. 3,138,901 100,257
Waste Connections Inc. 2,079,435 100,104
Hubbell Inc. Class B 903,994 99,096
Trinity Industries Inc. 2,733,304 97,060
* Vantiv Inc. Class A 2,563,513 96,644
^ Chicago Bridge & Iron Co. NV 1,902,369 93,711
* Old Dominion Freight Line Inc. 1,202,504 92,954
Donaldson Co. Inc. 2,427,695 91,548
* Genesee & Wyoming Inc. Class A 926,505 89,352
Ryder System Inc. 932,595 88,494
AO Smith Corp. 1,341,861 88,107
* HD Supply Holdings Inc. 2,771,932 86,360
Hexcel Corp. 1,677,718 86,268
Owens Corning 1,956,420 84,909
* AECOM 2,711,786 83,577
Graphic Packaging Holding Co. 5,747,824 83,573
Sonoco Products Co. 1,792,852 81,503
Bemis Co. Inc. 1,759,687 81,491
* Zebra Technologies Corp. 896,832 81,356
Lincoln Electric Holdings Inc. 1,243,421 81,307
Exelis Inc. 3,280,743 79,952
* Orbital ATK Inc. 1,037,767 79,524
Lennox International Inc. 705,716 78,821
FLIR Systems Inc. 2,479,065 77,545
Nordson Corp. 977,968 76,614
Graco Inc. 1,048,823 75,683
MAXIMUS Inc. 1,133,506 75,673
* Berry Plastics Group Inc. 2,074,924 75,092
* WEX Inc. 678,834 72,880
* Colfax Corp. 1,526,207 72,846
* Cognex Corp. 1,446,299 71,722
Jabil Circuit Inc. 3,051,213 71,337
* Kirby Corp. 950,047 71,301
Belden Inc. 750,688 70,234
World Fuel Services Corp. 1,217,892 70,004
AptarGroup Inc. 1,100,582 69,909
Eagle Materials Inc. 835,598 69,823
MDU Resources Group Inc. 3,258,928 69,546
Oshkosh Corp. 1,399,250 68,269
* Owens-Illinois Inc. 2,891,694 67,434
Joy Global Inc. 1,718,023 67,312
* Genpact Ltd. 2,893,257 67,268

 

 

  RR Donnelley & Sons Co. 3,499,129 67,148
  Toro Co. 957,569 67,145
  AGCO Corp. 1,367,871 65,165
  Air Lease Corp. Class A 1,700,614 64,181
  ITT Corp. 1,601,093 63,900
  MSC Industrial Direct Co. Inc. Class A 864,274 62,401
* Teledyne Technologies Inc. 576,584 61,539
* USG Corp. 2,285,559 61,024
  Deluxe Corp. 872,794 60,467
  Babcock & Wilcox Co. 1,872,740 60,096
  CLARCOR Inc. 892,640 58,968
  Timken Co. 1,389,230 58,542
* XPO Logistics Inc. 1,274,864 57,968
  National Instruments Corp. 1,806,666 57,886
* Esterline Technologies Corp. 505,531 57,843
  Regal-Beloit Corp. 706,494 56,463
  Watsco Inc. 448,530 56,380
  Curtiss-Wright Corp. 762,455 56,376
  FEI Co. 733,722 56,012
* Generac Holdings Inc. 1,145,313 55,765
  SPX Corp. 655,954 55,691
* IPG Photonics Corp. 597,233 55,364
* WESCO International Inc. 779,923 54,509
  Triumph Group Inc. 894,254 53,405
  Woodward Inc. 1,042,885 53,198
  Landstar System Inc. 795,426 52,737
* Euronet Worldwide Inc. 879,587 51,676
  Crane Co. 826,316 51,570
  Manitowoc Co. Inc. 2,386,060 51,443
  EnerSys 795,266 51,088
* Clean Harbors Inc. 894,630 50,797
* CoreLogic Inc. 1,419,985 50,083
* Moog Inc. Class A 662,265 49,703
  Booz Allen Hamilton Holding Corp. Class A 1,694,036 49,025
  EMCOR Group Inc. 1,048,688 48,733
  Terex Corp. 1,800,698 47,881
^ Valmont Industries Inc. 387,523 47,619
  Corporate Executive Board Co. 591,602 47,245
  Kennametal Inc. 1,386,530 46,712
  Covanta Holding Corp. 2,063,302 46,280
  Silgan Holdings Inc. 790,725 45,965
  GATX Corp. 774,987 44,934
  Con-way Inc. 1,011,167 44,623
* DigitalGlobe Inc. 1,269,554 43,254
* Louisiana-Pacific Corp. 2,493,431 41,167
  Littelfuse Inc. 396,269 39,385
* Swift Transportation Co. 1,509,147 39,268
* Rexnord Corp. 1,425,959 38,059
* Advisory Board Co. 707,196 37,679
* Anixter International Inc. 492,321 37,480
  HEICO Corp. Class A 751,363 37,223
* Cimpress NV 441,053 37,216
  KBR Inc. 2,566,904 37,169
* Armstrong World Industries Inc. 644,897 37,062
  Convergys Corp. 1,602,102 36,640
  Mueller Industries Inc. 1,010,983 36,527
*,^ Ambarella Inc. 476,606 36,084

 

 

* KLX Inc. 928,370 35,779
* Sanmina Corp. 1,460,922 35,340
  Barnes Group Inc. 868,021 35,146
  Knight Transportation Inc. 1,062,691 34,272
* Masonite International Corp. 499,647 33,606
*,^ Universal Display Corp. 708,976 33,145
  Mobile Mini Inc. 772,949 32,959
  Vishay Intertechnology Inc. 2,378,426 32,870
* On Assignment Inc. 833,446 31,979
  UniFirst Corp. 271,456 31,948
* WageWorks Inc. 597,872 31,885
  Matson Inc. 754,515 31,810
  RBC Bearings Inc. 394,426 30,189
  Methode Electronics Inc. 635,112 29,876
  Applied Industrial Technologies Inc. 656,395 29,761
  Korn/Ferry International 898,923 29,548
* Cardtronics Inc. 778,859 29,285
* Trex Co. Inc. 533,487 29,091
  Forward Air Corp. 534,084 29,001
* Proto Labs Inc. 413,964 28,978
*,^ Knowles Corp. 1,496,778 28,843
  ABM Industries Inc. 901,339 28,717
* Coherent Inc. 441,945 28,709
  Heartland Payment Systems Inc. 605,500 28,368
  United Stationers Inc. 690,232 28,293
  MSA Safety Inc. 563,311 28,098
  Simpson Manufacturing Co. Inc. 748,795 27,982
  EnPro Industries Inc. 420,819 27,753
* ExamWorks Group Inc. 665,520 27,699
  Franklin Electric Co. Inc. 724,705 27,640
* FTI Consulting Inc. 730,708 27,372
  Tetra Tech Inc. 1,104,590 26,532
* Huron Consulting Group Inc. 400,457 26,490
  Watts Water Technologies Inc. Class A 479,536 26,389
* Rogers Corp. 320,915 26,382
* TriNet Group Inc. 746,244 26,290
  Mueller Water Products Inc. Class A 2,659,952 26,201
* Boise Cascade Co. 695,205 26,042
* Greatbatch Inc. 448,277 25,933
  Otter Tail Corp. 788,587 25,369
* Navistar International Corp. 854,995 25,222
^ Greenbrier Cos. Inc. 427,013 24,767
  Harsco Corp. 1,430,206 24,685
* OSI Systems Inc. 331,369 24,607
  Actuant Corp. Class A 1,024,800 24,329
  G&K Services Inc. Class A 333,835 24,213
* Plexus Corp. 593,344 24,191
  EVERTEC Inc. 1,105,158 24,159
  Aircastle Ltd. 1,071,907 24,075
  TAL International Group Inc. 591,043 24,073
* Hub Group Inc. Class A 611,843 24,039
  Werner Enterprises Inc. 756,026 23,747
*,^ NeuStar Inc. Class A 963,130 23,712
* Headwaters Inc. 1,288,849 23,638
  Brink's Co. 851,461 23,526
* PHH Corp. 967,435 23,383
* TriMas Corp. 754,386 23,228

 

 

* Benchmark Electronics Inc. 952,941 22,899
  Brady Corp. Class A 802,461 22,702
* Itron Inc. 620,004 22,636
* GenCorp Inc. 972,832 22,560
  Granite Construction Inc. 635,631 22,336
^ Outerwall Inc. 335,107 22,157
  Heartland Express Inc. 925,814 21,997
* Meritor Inc. 1,738,193 21,919
  Apogee Enterprises Inc. 486,772 21,029
  Tennant Co. 321,084 20,989
  Insperity Inc. 399,754 20,903
* MasTec Inc. 1,083,000 20,902
*,^ TASER International Inc. 866,220 20,885
  Albany International Corp. 524,063 20,832
  Kaman Corp. 490,221 20,800
* ExlService Holdings Inc. 556,512 20,702
  AAR Corp. 671,564 20,617
* Veeco Instruments Inc. 674,148 20,595
* LifeLock Inc. 1,452,998 20,502
  AZZ Inc. 437,758 20,395
  MTS Systems Corp. 268,056 20,278
  Exponent Inc. 221,088 19,655
* Nortek Inc. 221,865 19,580
  TimkenSteel Corp. 731,297 19,357
* UTi Worldwide Inc. 1,572,523 19,342
* Saia Inc. 432,624 19,165
* Imperva Inc. 448,587 19,155
  Universal Forest Products Inc. 343,171 19,039
* Atlas Air Worldwide Holdings Inc. 440,774 18,962
* FARO Technologies Inc. 304,451 18,916
* AMN Healthcare Services Inc. 816,588 18,839
* Astronics Corp. 254,979 18,792
  Cubic Corp. 362,725 18,778
  Standex International Corp. 225,069 18,485
* TrueBlue Inc. 742,313 18,075
  US Ecology Inc. 360,420 18,010
* II-VI Inc. 971,974 17,943
  ESCO Technologies Inc. 453,198 17,666
  Greif Inc. Class A 445,516 17,495
* Sykes Enterprises Inc. 694,134 17,249
  AAON Inc. 694,285 17,031
  John Bean Technologies Corp. 476,300 17,013
  CIRCOR International Inc. 310,455 16,982
* Wabash National Corp. 1,200,144 16,922
  Federal Signal Corp. 1,071,683 16,922
  Sturm Ruger & Co. Inc. 338,982 16,824
  Sun Hydraulics Corp. 405,567 16,774
* M/A-COM Technology Solutions Holdings Inc. 433,425 16,149
* Tutor Perini Corp. 686,162 16,022
  Advanced Drainage Systems Inc. 521,182 15,604
  ArcBest Corp. 410,672 15,560
  Lindsay Corp. 203,608 15,525
* Wesco Aircraft Holdings Inc. 1,011,662 15,499
  Multi-Color Corp. 218,839 15,172
  ManTech International Corp. Class A 432,449 14,677
  McGrath RentCorp 444,869 14,641
  Badger Meter Inc. 238,044 14,268

 

 

  General Cable Corp. 821,381 14,152
  Astec Industries Inc. 325,323 13,950
* Team Inc. 355,685 13,865
  H&E Equipment Services Inc. 551,601 13,785
  Materion Corp. 356,754 13,710
  Raven Industries Inc. 669,186 13,692
* ICF International Inc. 331,238 13,531
  Comfort Systems USA Inc. 635,161 13,364
  Quanex Building Products Corp. 668,214 13,191
  Griffon Corp. 756,094 13,179
* Thermon Group Holdings Inc. 541,229 13,027
* Roadrunner Transportation Systems Inc. 501,260 12,667
* Newport Corp. 661,426 12,607
  Encore Wire Corp. 332,368 12,590
* RPX Corp. 868,528 12,498
  Altra Industrial Motion Corp. 445,796 12,322
  Textainer Group Holdings Ltd. 410,688 12,317
* American Woodmark Corp. 222,937 12,201
  AVX Corp. 851,879 12,156
* Rofin-Sinar Technologies Inc. 496,209 12,023
* Aegion Corp. Class A 661,612 11,942
*,^ Smith & Wesson Holding Corp. 928,282 11,817
* MYR Group Inc. 371,279 11,636
  Resources Connection Inc. 647,827 11,337
* Navigant Consulting Inc. 871,241 11,291
  HEICO Corp. 183,907 11,231
  Primoris Services Corp. 643,414 11,060
* Fabrinet 567,865 10,784
  Celadon Group Inc. 393,626 10,715
  Quad/Graphics Inc. 464,233 10,668
  Hyster-Yale Materials Handling Inc. 145,454 10,660
  Kforce Inc. 470,806 10,504
  Cass Information Systems Inc. 186,902 10,493
* Continental Building Products Inc. 463,769 10,477
* Air Transport Services Group Inc. 1,124,504 10,368
  Alamo Group Inc. 159,398 10,063
  CTS Corp. 553,651 9,960
  Kadant Inc. 188,546 9,919
* Monster Worldwide Inc. 1,530,290 9,702
  Marten Transport Ltd. 416,831 9,671
  Gorman-Rupp Co. 313,321 9,384
* YRC Worldwide Inc. 521,338 9,363
  Viad Corp. 335,705 9,339
* Aerovironment Inc. 352,069 9,333
* Lydall Inc. 287,286 9,113
* NCI Building Systems Inc. 523,177 9,041
* PGT Inc. 801,588 8,958
  Acacia Research Corp. 837,147 8,957
* Engility Holdings Inc. 296,368 8,903
* US Concrete Inc. 262,142 8,881
  Columbus McKinnon Corp. 328,880 8,860
* Global Cash Access Holdings Inc. 1,149,609 8,760
* Echo Global Logistics Inc. 321,050 8,752
  Kelly Services Inc. Class A 500,952 8,737
* TTM Technologies Inc. 966,109 8,705
  TeleTech Holdings Inc. 339,613 8,643
* GP Strategies Corp. 233,269 8,631

 

 

Douglas Dynamics Inc. 375,981 8,587
* Rentrak Corp. 152,919 8,496
American Railcar Industries Inc. 169,298 8,419
LB Foster Co. Class A 173,598 8,242
* Gibraltar Industries Inc. 497,883 8,170
* Patrick Industries Inc. 129,528 8,066
Park-Ohio Holdings Corp. 152,630 8,039
* GrafTech International Ltd. 2,051,850 7,982
* Kimball Electronics Inc. 557,228 7,879
* DXP Enterprises Inc. 177,712 7,835
NN Inc. 310,052 7,776
* Paylocity Holding Corp. 270,703 7,753
Checkpoint Systems Inc. 697,608 7,548
Park Electrochemical Corp. 347,333 7,489
Myers Industries Inc. 419,616 7,356
* CAI International Inc. 298,460 7,333
* CBIZ Inc. 776,760 7,247
Heidrick & Struggles International Inc. 293,928 7,225
* Era Group Inc. 340,079 7,087
* Installed Building Products Inc. 319,766 6,958
Schnitzer Steel Industries Inc. 438,512 6,955
American Science & Engineering Inc. 140,124 6,846
FreightCar America Inc. 214,411 6,739
Daktronics Inc. 612,438 6,620
* Dice Holdings Inc. 740,462 6,605
Argan Inc. 180,219 6,519
* GSI Group Inc. 482,731 6,430
Insteel Industries Inc. 297,269 6,430
Ennis Inc. 436,851 6,168
* Covenant Transportation Group Inc. Class A 185,534 6,152
* ARC Document Solutions Inc. 663,858 6,127
* Landec Corp. 439,138 6,126
* Great Lakes Dredge & Dock Corp. 1,004,309 6,036
Global Brass & Copper Holdings Inc. 387,534 5,987
* Builders FirstSource Inc. 895,051 5,970
Landauer Inc. 168,878 5,934
VSE Corp. 71,755 5,875
* Bazaarvoice Inc. 1,024,258 5,787
* Cross Country Healthcare Inc. 478,449 5,674
* Mistras Group Inc. 290,115 5,588
* Lionbridge Technologies Inc. 969,222 5,544
Black Box Corp. 261,785 5,479
* Power Solutions International Inc. 84,893 5,458
Powell Industries Inc. 161,355 5,449
Barrett Business Services Inc. 125,022 5,356
NVE Corp. 75,206 5,183
Kimball International Inc. Class B 478,908 5,019
* Furmanite Corp. 634,681 5,008
* CRA International Inc. 160,733 5,002
* EnerNOC Inc. 438,329 4,997
* PowerSecure International Inc. 375,634 4,943
* Quality Distribution Inc. 462,535 4,778
* Ply Gem Holdings Inc. 365,798 4,755
Eagle Bulk Shipping Inc. 639,843 4,728
* Ducommun Inc. 178,420 4,621
* Kratos Defense & Security Solutions Inc. 805,752 4,456
* InnerWorkings Inc. 661,185 4,443

 

 

* Stock Building Supply Holdings Inc. 239,613 4,327
  CECO Environmental Corp. 406,544 4,313
* Orion Marine Group Inc. 482,550 4,275
  Graham Corp. 174,711 4,188
*,^ Maxwell Technologies Inc. 500,489 4,034
* Vicor Corp. 264,884 4,026
  Universal Truckload Services Inc. 155,803 3,923
* Northwest Pipe Co. 167,280 3,839
  NACCO Industries Inc. Class A 71,825 3,806
* AEP Industries Inc. 68,682 3,780
*,^ Capstone Turbine Corp. 5,769,517 3,750
  Global Power Equipment Group Inc. 279,351 3,687
  Miller Industries Inc. 149,815 3,670
  Mesa Laboratories Inc. 49,780 3,594
* Franklin Covey Co. 185,605 3,575
* USA Truck Inc. 128,180 3,549
* PAM Transportation Services Inc. 61,693 3,533
* Sparton Corp. 142,983 3,503
* Volt Information Sciences Inc. 295,343 3,473
  Electro Rent Corp. 304,296 3,451
  Hurco Cos. Inc. 103,360 3,404
  Hardinge Inc. 280,950 3,259
* ServiceSource International Inc. 1,036,504 3,213
  CDI Corp. 227,000 3,189
  Allied Motion Technologies Inc. 95,612 3,173
* Casella Waste Systems Inc. Class A 575,417 3,165
*,^ Blue Bird Corp. 302,852 3,104
  Universal Technical Institute Inc. 321,805 3,089
* Vishay Precision Group Inc. 187,891 2,993
* Norcraft Cos. Inc. 116,974 2,991
  Dynamic Materials Corp. 234,195 2,991
* Kemet Corp. 718,687 2,975
  LSI Industries Inc. 364,005 2,967
* Accuride Corp. 620,313 2,891
  Bel Fuse Inc. Class B 151,555 2,884
* Xerium Technologies Inc. 176,654 2,865
  Twin Disc Inc. 161,862 2,860
* Multi-Fineline Electronix Inc. 155,119 2,834
* Control4 Corp. 236,309 2,831
* Patriot National Inc. 212,461 2,698
* Commercial Vehicle Group Inc. 417,626 2,690
  Houston Wire & Cable Co. 262,955 2,559
  Electro Scientific Industries Inc. 412,108 2,547
  Richardson Electronics Ltd. 271,503 2,438
  ModusLink Global Solutions Inc. 627,988 2,418
* Planar Systems Inc. 383,134 2,410
*,^ MicroVision Inc. 700,075 2,401
* SL Industries Inc. 53,878 2,303
  Spartan Motors Inc. 458,158 2,222
* UFP Technologies Inc. 97,393 2,219
* Magnetek Inc. 57,476 2,214
* Intevac Inc. 352,939 2,167
* Hill International Inc. 601,774 2,160
*,^ Manitex International Inc. 221,098 2,151
* Ameresco Inc. Class A 288,977 2,138
* Willdan Group Inc. 133,981 2,122
* CUI Global Inc. 361,057 2,116

 

 

*,^ ExOne Co. 153,900 2,101
* Cenveo Inc. 980,168 2,098
* LMI Aerospace Inc. 169,718 2,072
* TRC Cos. Inc. 240,662 2,002
  United States Lime & Minerals Inc. 31,038 2,002
* Heritage-Crystal Clean Inc. 167,922 1,965
* Willis Lease Finance Corp. 105,689 1,964
  Perceptron Inc. 144,801 1,956
* Neff Corp. Class A 184,300 1,943
  Crawford & Co. Class B 219,434 1,896
  Eastern Co. 92,600 1,858
* PRGX Global Inc. 461,754 1,856
* Lawson Products Inc. 78,107 1,813
* Hudson Technologies Inc. 428,601 1,787
* General Finance Corp. 220,467 1,779
* Summit Materials Inc. Class A 80,261 1,778
  Supreme Industries Inc. Class A 225,997 1,770
* PFSweb Inc. 156,382 1,719
* Layne Christensen Co. 338,951 1,698
*,^ Research Frontiers Inc. 277,699 1,694
* Sharps Compliance Corp. 266,460 1,692
* Rubicon Technology Inc. 425,933 1,678
  Information Services Group Inc. 419,236 1,673
*,^ Energous Corp. 176,351 1,665
* Yodlee Inc. 123,456 1,662
  Crawford & Co. Class A 217,594 1,643
* Inovalon Holdings Inc. Class A 54,323 1,641
  National Research Corp. Class A 109,276 1,574
*,^ Energy Recovery Inc. 597,282 1,547
* Orion Energy Systems Inc. 453,341 1,424
*,^ AM Castle & Co. 371,519 1,356
* StarTek Inc. 181,371 1,351
* CPI Aerostructures Inc. 110,173 1,344
* Sterling Construction Co. Inc. 295,987 1,338
* Higher One Holdings Inc. 545,425 1,320
* Hudson Global Inc. 474,977 1,297
* PMFG Inc. 272,566 1,267
  International Shipholding Corp. 103,961 1,259
* Adept Technology Inc. 203,172 1,250
* Rand Logistics Inc. 377,273 1,226
* Radiant Logistics Inc. 228,161 1,182
* Mattersight Corp. 189,880 1,177
* Frequency Electronics Inc. 84,389 1,177
* CyberOptics Corp. 116,386 1,172
* Viasystems Group Inc. 64,852 1,134
  Omega Flex Inc. 44,518 1,120
* Broadwind Energy Inc. 218,314 1,092
* API Technologies Corp. 524,668 1,086
*,^ Nuverra Environmental Solutions Inc. 304,361 1,084
*,^ Vertex Energy Inc. 287,658 1,064
* Arotech Corp. 334,820 1,041
* Planet Payment Inc. 540,471 1,027
* Napco Security Technologies Inc. 175,926 1,019
*,^ Odyssey Marine Exploration Inc. 1,346,953 943
  MOCON Inc. 55,414 927
* Synthesis Energy Systems Inc. 888,787 924
* Innovative Solutions & Support Inc. 238,921 908

 

 

*,^ ClearSign Combustion Corp. 169,702 898
  Espey Manufacturing & Electronics Corp. 30,766 897
* Key Technology Inc. 67,325 858
  Hubbell Inc. Class A 7,600 804
* Gencor Industries Inc. 78,153 782
* Fuel Tech Inc. 249,091 780
* Aspen Aerogels Inc. 107,000 779
* Iteris Inc. 417,153 759
  Lincoln Educational Services Corp. 330,578 754
* Patriot Transportation Holding Inc. 30,073 751
* Ballantyne Strong Inc. 158,547 718
* American Superconductor Corp. 105,786 681
* BlueLinx Holdings Inc. 597,002 645
* Tecumseh Products Co. 226,747 642
* UQM Technologies Inc. 574,458 632
* Transcat Inc. 64,149 625
*,^ Revolution Lighting Technologies Inc. 562,617 625
* Integrated Electrical Services Inc. 70,864 624
* Goldfield Corp. 311,541 604
  National Research Corp. Class B 18,770 601
* Astrotech Corp. 192,545 597
  Air Industries Group 59,266 591
* Perma-Fix Environmental Services 144,397 557
* Active Power Inc. 244,883 536
*,^ Erickson Inc. 123,800 535
* MFRI Inc. 85,003 531
* Wireless Telecom Group Inc. 203,251 528
* Ultralife Corp. 130,401 520
* Versar Inc. 164,937 516
* eMagin Corp. 207,964 507
* CTPartners Executive Search Inc. 100,659 504
* Breeze-Eastern Corp. 46,956 483
* Marathon Patent Group Inc. 82,300 478
  RF Industries Ltd. 116,048 475
* Echelon Corp. 494,283 470
  SIFCO Industries Inc. 19,738 430
* ENGlobal Corp. 236,848 393
* Turtle Beach Corp. 191,477 356
  Chicago Rivet & Machine Co. 11,046 354
* Essex Rental Corp. 267,252 353
*,^ Spherix Inc. 391,700 328
* Swisher Hygiene Inc. 175,208 324
  Sypris Solutions Inc. 141,883 319
* American Electric Technologies Inc. 72,950 307
  AMCON Distributing Co. 3,767 299
* IEC Electronics Corp. 78,991 295
* NV5 Holdings Inc. 17,400 285
* Air T Inc. 10,902 268
*,^ Document Security Systems Inc. 712,106 256
*,^ Lightbridge Corp. 201,745 250
*,^ Metalico Inc. 674,835 250
* Pioneer Power Solutions Inc. 26,639 240
* Asure Software Inc. 38,446 221
* Industrial Services of America Inc. 48,929 217
* SigmaTron International Inc. 30,172 215
* AMREP Corp. 41,386 213
* Image Sensing Systems Inc. 88,473 204

 

 

* Onvia Inc. 44,738 204
  Bel Fuse Inc. Class A 10,580 194
* Professional Diversity Network Inc. 36,596 183
* Video Display Corp. 75,730 180
* Sevcon Inc. 21,782 174
* American DG Energy Inc. 324,240 156
  EnviroStar Inc. 47,800 142
* Appliance Recycling Centers of America Inc. 68,719 141
* Continental Materials Corp. 7,139 125
* Taylor Devices Inc. 9,815 118
* Cartesian Inc. 32,994 116
* LightPath Technologies Inc. Class A 114,699 113
  Ecology and Environment Inc. 12,490 111
* NXT-ID Inc. 36,239 107
* Coast Distribution System Inc. 28,187 97
* Luna Innovations Inc. 70,907 96
* DLH Holdings Corp. 47,352 94
* Nortech Systems Inc. 17,942 88
* Quest Resource Holding Corp. 66,950 84
* Huttig Building Products Inc. 28,125 80
* Overseas Shipholding Group Inc. Class B 18,048 74
* Advanced Photonix Inc. Class A 164,078 66
* Micronet Enertec Technologies Inc. 19,850 56
  Vicon Industries Inc. 29,860 51
* AeroCentury Corp. 3,772 50
* IntriCon Corp. 5,317 43
  WSI Industries Inc. 6,300 37
  Art's-Way Manufacturing Co. Inc. 7,669 36
* Servotronics Inc. 4,914 34
* Command Security Corp. 9,727 19
* ZBB Energy Corp. 28,062 16
* Sutron Corp. 2,653 13
* Tel-Instrument Electronics Corp. 1,900 12
* Avalon Holdings Corp. Class A 2,726 8
* Tecogen Inc. 1,346 7
* Electro-Sensors Inc. 1,300 5
* Applied DNA Sciences Inc. 593 2
* JetPay Corp. 400 1
* Liquid Holdings Group Inc. 3,100 1
* LGL GROUP Inc. Warrants Exp. 06/08/2018 3,000 —
      50,617,763
Oil & Gas (7.3%)    
  Exxon Mobil Corp. 73,991,237 6,289,255
  Chevron Corp. 33,165,834 3,481,749
  Schlumberger Ltd. 22,510,279 1,878,258
  ConocoPhillips 21,717,225 1,352,114
  Kinder Morgan Inc. 30,056,167 1,264,162
  Occidental Petroleum Corp. 13,602,765 993,002
  EOG Resources Inc. 9,666,170 886,291
  Phillips 66 9,586,209 753,476
  Anadarko Petroleum Corp. 8,926,701 739,220
  Halliburton Co. 14,202,285 623,196
  Williams Cos. Inc. 11,856,847 599,838
  Valero Energy Corp. 9,076,431 577,443
  Marathon Petroleum Corp. 4,939,325 505,738
  Baker Hughes Inc. 7,652,533 486,548
  Pioneer Natural Resources Co. 2,622,573 428,817

 

 

  Spectra Energy Corp. 11,812,048 427,242
  Devon Energy Corp. 6,878,580 414,847
  Apache Corp. 6,634,177 400,240
  National Oilwell Varco Inc. 7,236,035 361,729
  Noble Energy Inc. 6,807,129 332,869
  Hess Corp. 4,731,081 321,098
  Marathon Oil Corp. 11,873,410 310,015
* Cheniere Energy Inc. 3,754,152 290,571
* Concho Resources Inc. 2,094,484 242,793
  EQT Corp. 2,668,879 221,170
  Cabot Oil & Gas Corp. 7,266,109 214,568
  Tesoro Corp. 2,218,184 202,498
  Cimarex Energy Co. 1,536,594 176,847
* Southwestern Energy Co. 6,777,107 157,161
* Cameron International Corp. 3,406,297 153,692
* FMC Technologies Inc. 4,099,802 151,734
* Weatherford International plc 12,258,885 150,784
  Chesapeake Energy Corp. 10,536,288 149,194
  Range Resources Corp. 2,822,338 146,874
  HollyFrontier Corp. 3,443,751 138,680
  Murphy Oil Corp. 2,964,699 138,155
  Helmerich & Payne Inc. 1,805,087 122,872
* Whiting Petroleum Corp. 3,600,643 111,260
  OGE Energy Corp. 3,493,126 110,418
* Dresser-Rand Group Inc. 1,341,997 107,829
* Newfield Exploration Co. 2,800,922 98,284
  Oceaneering International Inc. 1,775,098 95,731
^ Transocean Ltd. 6,059,234 88,889
  Ensco plc Class A 4,127,550 86,967
  Energen Corp. 1,281,565 84,583
  Targa Resources Corp. 866,111 82,965
  Core Laboratories NV 767,644 80,211
* First Solar Inc. 1,320,119 78,930
* Diamondback Energy Inc. 989,061 75,999
* Continental Resources Inc. 1,641,844 71,699
* Gulfport Energy Corp. 1,501,954 68,955
  Nabors Industries Ltd. 4,843,279 66,111
  QEP Resources Inc. 3,163,752 65,964
  Western Refining Inc. 1,296,097 64,014
  Noble Corp. plc 4,448,685 63,527
  SemGroup Corp. Class A 762,295 62,005
  SM Energy Co. 1,184,916 61,236
  Superior Energy Services Inc. 2,674,307 59,744
* Cobalt International Energy Inc. 5,982,646 56,297
  PBF Energy Inc. Class A 1,527,099 51,799
  Patterson-UTI Energy Inc. 2,434,809 45,714
  Denbury Resources Inc. 6,206,931 45,249
* Dril-Quip Inc. 655,638 44,839
*,^ Antero Resources Corp. 1,215,240 42,922
* Carrizo Oil & Gas Inc. 846,685 42,038
  California Resources Corp. 5,467,889 41,611
*,^ NOW Inc. 1,884,327 40,777
*,^ Ultra Petroleum Corp. 2,568,933 40,152
* WPX Energy Inc. 3,585,530 39,190
  Rowan Cos. plc Class A 2,192,416 38,828
  Exterran Holdings Inc. 1,138,351 38,214
  Delek US Holdings Inc. 954,495 37,941

 

 

* PDC Energy Inc. 694,962 37,556
* Oil States International Inc. 929,350 36,960
  Bristow Group Inc. 584,208 31,810
*,^ Oasis Petroleum Inc. 2,153,414 30,622
  Atwood Oceanics Inc. 1,071,170 30,111
^ Diamond Offshore Drilling Inc. 1,118,529 29,965
*,^ SunPower Corp. Class A 921,070 28,839
* Memorial Resource Development Corp. 1,533,461 27,204
*,^ Rice Energy Inc. 1,199,604 26,103
  Pattern Energy Group Inc. Class A 909,304 25,752
*,^ Laredo Petroleum Inc. 1,972,266 25,718
* Matador Resources Co. 1,166,378 25,567
* Helix Energy Solutions Group Inc. 1,664,456 24,900
* Unit Corp. 888,294 24,854
* Rosetta Resources Inc. 1,288,585 21,932
* SEACOR Holdings Inc. 302,702 21,089
* Forum Energy Technologies Inc. 1,073,362 21,038
* MRC Global Inc. 1,684,454 19,961
* Chart Industries Inc. 532,617 18,682
* RSP Permian Inc. 732,486 18,451
* Parsley Energy Inc. Class A 1,107,232 17,694
* Synergy Resources Corp. 1,456,080 17,255
* Bonanza Creek Energy Inc. 695,048 17,140
^ Tidewater Inc. 869,952 16,651
* McDermott International Inc. 4,193,711 16,104
  Green Plains Inc. 553,290 15,796
*,^ SandRidge Energy Inc. 8,265,366 14,712
* Stone Energy Corp. 943,466 13,850
  CVR Energy Inc. 317,716 13,522
* Flotek Industries Inc. 905,659 13,349
  RPC Inc. 1,006,914 12,899
* Newpark Resources Inc. 1,394,395 12,703
*,^ Sanchez Energy Corp. 929,338 12,091
* Hornbeck Offshore Services Inc. 577,213 10,857
^ CARBO Ceramics Inc. 341,344 10,414
*,^ Magnum Hunter Resources Corp. 3,363,021 8,979
* TETRA Technologies Inc. 1,438,377 8,889
* C&J Energy Services Ltd. 774,820 8,624
*,^ Penn Virginia Corp. 1,252,060 8,113
* Callon Petroleum Co. 1,083,332 8,093
*,^ Northern Oil and Gas Inc. 1,022,615 7,884
* Matrix Service Co. 443,176 7,782
*,^ Triangle Petroleum Corp. 1,514,442 7,618
  Alon USA Energy Inc. 455,006 7,539
*,^ Plug Power Inc. 2,870,752 7,435
* REX American Resources Corp. 122,176 7,430
* Parker Drilling Co. 2,042,746 7,129
*,^ EP Energy Corp. Class A 670,060 7,022
* Bill Barrett Corp. 838,313 6,958
* Par Petroleum Corp. 293,537 6,813
  Tesco Corp. 594,004 6,754
*,^ Halcon Resources Corp. 4,164,412 6,413
* Pioneer Energy Services Corp. 1,154,604 6,258
* Contango Oil & Gas Co. 279,542 6,150
* PHI Inc. 195,037 5,867
* Abraxas Petroleum Corp. 1,773,940 5,765
^ Energy XXI Ltd. 1,581,491 5,757

 

 

* Enphase Energy Inc. 431,588 5,693
* Clayton Williams Energy Inc. 107,278 5,431
  Gulfmark Offshore Inc. 416,054 5,425
*,^ FuelCell Energy Inc. 4,043,552 5,054
  Panhandle Oil and Gas Inc. Class A 254,821 5,043
* Basic Energy Services Inc. 717,729 4,974
^ EXCO Resources Inc. 2,715,765 4,970
* Renewable Energy Group Inc. 534,001 4,924
  Civeo Corp. 1,904,479 4,837
* ION Geophysical Corp. 2,137,379 4,638
  Gulf Island Fabrication Inc. 294,520 4,377
* Key Energy Services Inc. 2,331,109 4,243
*,^ Approach Resources Inc. 631,824 4,164
*,^ Pacific Ethanol Inc. 385,204 4,156
* Ring Energy Inc. 364,980 3,876
* Natural Gas Services Group Inc. 200,919 3,862
* Seventy Seven Energy Inc. 876,869 3,639
* Geospace Technologies Corp. 218,714 3,611
*,^ Eclipse Resources Corp. 591,270 3,323
*,^ Rex Energy Corp. 889,834 3,310
* Trecora Resources 269,419 3,287
* Gastar Exploration Inc. 1,224,134 3,207
*,^ Solazyme Inc. 1,111,745 3,180
*,^ Goodrich Petroleum Corp. 887,364 3,150
^ W&T Offshore Inc. 595,719 3,044
^ Comstock Resources Inc. 800,374 2,857
* Jones Energy Inc. Class A 313,881 2,819
* VAALCO Energy Inc. 985,648 2,415
* Dakota Plains Holdings Inc. 1,276,479 2,361
* Willbros Group Inc. 712,355 2,358
* PetroQuest Energy Inc. 977,368 2,248
  Adams Resources & Energy Inc. 32,683 2,197
^ Paragon Offshore plc 1,583,615 2,059
*,^ Isramco Inc. 14,962 1,882
* Independence Contract Drilling Inc. 265,900 1,853
* Green Brick Partners Inc. 205,928 1,704
*,^ Swift Energy Co. 758,888 1,639
  Dawson Geophysical Co. 378,690 1,617
  Evolution Petroleum Corp. 263,979 1,571
* Warren Resources Inc. 1,371,765 1,221
*,^ Hercules Offshore Inc. 2,757,784 1,156
* Aemetis Inc. 269,539 1,137
*,^ Amyris Inc. 471,488 1,132
*,^ Emerald Oil Inc. 1,469,271 1,087
* FX Energy Inc. 858,886 1,074
* Vantage Drilling Co. 3,192,159 1,045
*,^ Glori Energy Inc. 472,092 1,006
* Mitcham Industries Inc. 217,080 999
* Ideal Power Inc. 77,301 732
* Zion Oil & Gas Inc. 416,549 725
* Resolute Energy Corp. 1,241,103 699
* Enservco Corp. 361,051 632
*,^ Midstates Petroleum Co. Inc. 616,599 524
*,^ CAMAC Energy Inc. 967,497 503
* US Energy Corp. Wyoming 410,538 464
*,^ Miller Energy Resources Inc. 615,385 385
* Magellan Petroleum Corp. 667,740 341

 

 

*,^ Gevo Inc. 1,658,554 333
* Royale Energy Inc. 207,408 326
* Harvest Natural Resources Inc. 708,487 317
*,^ Ascent Solar Technologies Inc. 281,927 316
*,^ PEDEVCO Corp. 380,260 311
* Superior Drilling Products Inc. 97,196 299
*,^ MagneGas Corp. 309,622 246
* PrimeEnergy Corp. 4,540 241
* Forbes Energy Services Ltd. 233,570 241
* SAExploration Holdings Inc. 65,485 224
*,^ GreenHunter Resources Inc. 290,400 203
* Yuma Energy Inc. 183,176 187
*,^ Real Goods Solar Inc. Class A 687,859 185
^ ZaZa Energy Corp. 62,085 101
* American Eagle Energy Corp. 556,864 100
* STR Holdings Inc. 68,527 98
*,^ Ocean Power Technologies Inc. 130,689 63
* Lilis Energy Inc. 62,233 61
* PHI Inc. 1,675 50
*,^ Torchlight Energy Resources Inc. 143,668 46
* Tengasco Inc. 177,040 40
* Mexco Energy Corp. 6,850 39
* PostRock Energy Corp. 21,558 39
* Blue Earth Inc. 36,868 33
* FieldPoint Petroleum Corp. 26,809 27
* Escalera Resources Co. 32,501 11
* Amec Foster Wheeler plc ADR 803 11
* Barnwell Industries Inc. 16 —
      29,431,063
Other (0.0%) 2    
* Leap Wireless International Inc CVR 872,848 2,200
* Furiex Pharmaceuticals Inc. CVR 119,591 1,168
* Adolor Corp. Rights Exp. 07/01/2019 592,629 308
* Chelsea Therapeutics International Ltd. CVR Exp. 12/31/2016 1,157,305 127
* Ambit Biosciences Corp. CVR Rights 201,330 121
* NuPathe Inc. CVR 158,681 95
* Omthera Pharmaceuticals Inc. CVR 121,311 73
*,^ Cubist Pharmaceuticals, Inc. CVR 511,822 67
* Forest Laboratories Inc. Contingent Value Rights Exp. 04/14/2018 216,285 —
      4,159
Technology (15.6%)    
  Apple Inc. 102,728,061 12,782,453
  Microsoft Corp. 130,224,808 5,294,290
* Facebook Inc. Class A 37,465,669 3,080,240
* Google Inc. Class C 5,136,095 2,814,580
  International Business Machines Corp. 17,430,596 2,797,611
* Google Inc. Class A 5,031,157 2,790,783
  Intel Corp. 83,536,977 2,612,201
  Oracle Corp. 58,087,066 2,506,457
  Cisco Systems Inc. 90,025,904 2,477,963
  QUALCOMM Inc. 29,086,549 2,016,861
  Texas Instruments Inc. 18,478,767 1,056,708
  Hewlett-Packard Co. 32,217,718 1,003,904
  EMC Corp. 35,869,717 916,830
* salesforce.com inc 10,566,878 705,973
* Cognizant Technology Solutions Corp. Class A 10,730,401 669,470

 

 

* Yahoo! Inc. 15,023,197 667,556
* Adobe Systems Inc. 8,341,099 616,741
  Avago Technologies Ltd. Class A 4,520,073 573,959
* Micron Technology Inc. 18,992,438 515,265
  Corning Inc. 22,451,562 509,201
  Applied Materials Inc. 21,647,091 488,358
  Intuit Inc. 4,643,403 450,224
* Twitter Inc. 8,946,066 448,019
  Broadcom Corp. Class A 9,548,212 413,390
* Cerner Corp. 5,390,942 394,940
  Western Digital Corp. 3,881,535 353,258
  Analog Devices Inc. 5,518,237 347,649
  Skyworks Solutions Inc. 3,360,169 330,271
  Seagate Technology plc 5,493,603 285,832
  Symantec Corp. 12,074,843 282,129
* Red Hat Inc. 3,251,668 246,314
  SanDisk Corp. 3,756,705 239,002
* Autodesk Inc. 3,992,255 234,106
  Motorola Solutions Inc. 3,468,770 231,263
  Altera Corp. 5,349,553 229,549
* Catamaran Corp. 3,651,438 217,407
* Akamai Technologies Inc. 2,972,391 211,174
* Qorvo Inc. 2,616,847 208,563
  Linear Technology Corp. 4,213,805 197,206
  Lam Research Corp. 2,804,666 196,986
  Xilinx Inc. 4,604,178 194,757
  NetApp Inc. 5,487,551 194,589
  NVIDIA Corp. 9,073,940 189,872
* ServiceNow Inc. 2,349,848 185,121
* Citrix Systems Inc. 2,828,029 180,626
  CA Inc. 5,468,912 178,341
* Palo Alto Networks Inc. 1,202,661 175,685
  Maxim Integrated Products Inc. 4,985,191 173,534
  KLA-Tencor Corp. 2,866,952 167,115
  Microchip Technology Inc. 3,349,782 163,804
  Computer Sciences Corp. 2,478,884 161,822
  Juniper Networks Inc. 6,847,864 154,625
* Workday Inc. Class A 1,809,821 152,767
* F5 Networks Inc. 1,277,206 146,802
  Harris Corp. 1,841,226 145,015
* ANSYS Inc. 1,619,283 142,805
* VeriSign Inc. 2,086,043 139,702
  CDK Global Inc. 2,832,482 132,447
* Synopsys Inc. 2,763,421 128,002
* Gartner Inc. 1,466,892 122,999
* VMware Inc. Class A 1,488,056 122,035
* Teradata Corp. 2,685,830 118,553
*,^ SunEdison Inc. 4,521,853 108,524
* Splunk Inc. 1,810,444 107,178
  Marvell Technology Group Ltd. 7,235,753 106,366
* Rackspace Hosting Inc. 2,017,165 104,066
  Garmin Ltd. 2,017,773 95,885
* Cadence Design Systems Inc. 5,113,038 94,284
* ON Semiconductor Corp. 7,665,923 92,834
  IAC/InterActiveCorp 1,360,424 91,788
  Brocade Communications Systems Inc. 7,562,123 89,725
* Fortinet Inc. 2,456,330 85,849

 

 

* Informatica Corp. 1,906,911 83,628
* NCR Corp. 2,803,572 82,733
  Pitney Bowes Inc. 3,518,369 82,048
* athenahealth Inc. 671,425 80,161
* Ultimate Software Group Inc. 471,462 80,127
  SS&C Technologies Holdings Inc. 1,261,907 78,617
  CDW Corp. 2,107,195 78,472
* Freescale Semiconductor Ltd. 1,884,798 76,824
  Cypress Semiconductor Corp. 5,349,844 75,486
* Tableau Software Inc. Class A 783,422 72,482
  Teradyne Inc. 3,819,623 72,000
*,^ Cree Inc. 1,982,918 70,374
* PTC Inc. 1,929,630 69,795
  DST Systems Inc. 614,375 68,017
* Tyler Technologies Inc. 559,327 67,416
*,^ FireEye Inc. 1,716,530 67,374
* Manhattan Associates Inc. 1,318,759 66,742
* ARRIS Group Inc. 2,281,221 65,916
* VeriFone Systems Inc. 1,879,210 65,566
* Verint Systems Inc. 1,057,048 65,463
* Nuance Communications Inc. 4,549,803 65,290
* Cavium Inc. 919,012 65,084
* Ingram Micro Inc. 2,579,590 64,799
* Guidewire Software Inc. 1,224,447 64,418
  Solera Holdings Inc. 1,200,852 62,036
* Aspen Technology Inc. 1,588,564 61,144
* Microsemi Corp. 1,674,441 59,275
* SolarWinds Inc. 1,127,978 57,798
  Atmel Corp. 6,936,414 57,087
* NetSuite Inc. 611,322 56,706
  Leidos Holdings Inc. 1,305,197 54,766
* Riverbed Technology Inc. 2,594,923 54,260
* JDS Uniphase Corp. 4,067,258 53,362
* Synaptics Inc. 647,614 52,654
* Integrated Device Technology Inc. 2,614,333 52,339
  j2 Global Inc. 796,816 52,335
* CommScope Holding Co. Inc. 1,821,629 51,989
* AOL Inc. 1,301,781 51,564
*,^ 3D Systems Corp. 1,857,203 50,924
  Fair Isaac Corp. 563,187 49,966
* Qlik Technologies Inc. 1,568,532 48,828
  Lexmark International Inc. Class A 1,083,642 45,881
* ViaSat Inc. 756,253 45,080
* Aruba Networks Inc. 1,814,503 44,437
* Medidata Solutions Inc. 905,940 44,427
* Infinera Corp. 2,240,461 44,070
* EPAM Systems Inc. 716,911 43,939
* ACI Worldwide Inc. 2,022,265 43,802
  Mentor Graphics Corp. 1,702,662 40,915
* EchoStar Corp. Class A 779,280 40,304
  SYNNEX Corp. 521,122 40,257
  Plantronics Inc. 755,330 39,995
* Finisar Corp. 1,834,221 39,142
* Tech Data Corp. 673,858 38,929
  Blackbaud Inc. 816,363 38,679
  Advent Software Inc. 867,979 38,287
* Fairchild Semiconductor International Inc. Class A 2,079,362 37,803

 

 

* CACI International Inc. Class A 419,608 37,731
* Dealertrack Technologies Inc. 978,069 37,675
* Cirrus Logic Inc. 1,107,913 36,849
* Ciena Corp. 1,875,343 36,213
  Science Applications International Corp. 704,853 36,194
  Diebold Inc. 1,018,604 36,120
* Allscripts Healthcare Solutions Inc. 2,987,592 35,732
*,^ Arista Networks Inc. 498,080 35,130
* Electronics For Imaging Inc. 827,693 34,556
* Proofpoint Inc. 574,972 34,050
* Silicon Laboratories Inc. 669,904 34,011
* Entegris Inc. 2,482,489 33,985
  Tessera Technologies Inc. 837,805 33,747
  Monolithic Power Systems Inc. 640,692 33,732
  InterDigital Inc. 651,352 33,050
* Demandware Inc. 542,086 33,013
  Intersil Corp. Class A 2,302,629 32,974
  MKS Instruments Inc. 962,714 32,549
* Polycom Inc. 2,411,047 32,308
* Semtech Corp. 1,187,732 31,647
* CommVault Systems Inc. 715,264 31,257
* Envestnet Inc. 544,730 30,548
* Rovi Corp. 1,667,794 30,371
*,^ Advanced Micro Devices Inc. 10,940,022 29,319
* Synchronoss Technologies Inc. 599,231 28,439
* Fleetmatics Group plc 627,720 28,153
* IMS Health Holdings Inc. 1,030,725 27,902
* PMC-Sierra Inc. 3,003,850 27,876
* Dycom Industries Inc. 570,133 27,845
* IGATE Corp. 646,244 27,569
* MicroStrategy Inc. Class A 161,369 27,302
* Syntel Inc. 526,967 27,260
* OmniVision Technologies Inc. 1,032,887 27,237
*,^ NetScout Systems Inc. 609,441 26,724
* Ellie Mae Inc. 475,867 26,320
* Veeva Systems Inc. Class A 1,026,654 26,210
  Cogent Communications Holdings Inc. 735,704 25,992
  Power Integrations Inc. 493,503 25,702
  West Corp. 732,759 24,716
* Cornerstone OnDemand Inc. 853,227 24,650
* Rambus Inc. 1,934,622 24,328
* Premier Inc. Class A 646,033 24,278
* Progress Software Corp. 880,532 23,924
* QLogic Corp. 1,542,399 22,735
* LogMeIn Inc. 403,685 22,602
  Monotype Imaging Holdings Inc. 680,177 22,201
* Super Micro Computer Inc. 660,915 21,949
* Shutterstock Inc. 319,472 21,938
* Zendesk Inc. 952,694 21,617
* Kulicke & Soffa Industries Inc. 1,375,405 21,498
* Infoblox Inc. 872,537 20,827
* Qualys Inc. 448,022 20,824
* ScanSource Inc. 509,574 20,714
* Insight Enterprises Inc. 723,664 20,639
* NETGEAR Inc. 623,224 20,492
* Unisys Corp. 876,750 20,349
* Cabot Microelectronics Corp. 404,152 20,195

 

 

*,^ Endurance International Group Holdings Inc. 1,054,728 20,103
* Virtusa Corp. 478,278 19,791
* MedAssets Inc. 1,041,114 19,594
* SPS Commerce Inc. 289,887 19,451
*,^ InvenSense Inc. 1,272,939 19,361
* Bottomline Technologies de Inc. 704,128 19,272
* Cray Inc. 682,369 19,161
* Diodes Inc. 656,608 18,753
  NIC Inc. 1,043,803 18,444
* RealPage Inc. 906,353 18,254
* Ruckus Wireless Inc. 1,396,835 17,977
  ADTRAN Inc. 957,268 17,872
  CSG Systems International Inc. 579,150 17,600
* Advanced Energy Industries Inc. 670,493 17,205
*,^ Gogo Inc. 888,671 16,938
* BroadSoft Inc. 502,649 16,819
* Amkor Technology Inc. 1,890,723 16,705
* Web.com Group Inc. 876,677 16,613
^ Ebix Inc. 545,837 16,583
* Marketo Inc. 631,186 16,171
* Loral Space & Communications Inc. 213,797 14,632
* Ixia 1,179,053 14,302
^ Ubiquiti Networks Inc. 463,127 13,685
  Brooks Automation Inc. 1,156,767 13,453
  Pegasystems Inc. 614,335 13,362
* Lattice Semiconductor Corp. 2,068,472 13,114
  Quality Systems Inc. 792,624 12,666
  Micrel Inc. 813,998 12,275
* Interactive Intelligence Group Inc. 296,952 12,228
* Harmonic Inc. 1,599,675 11,854
* Perficient Inc. 571,627 11,827
*,^ Barracuda Networks Inc. 306,728 11,800
*,^ Nimble Storage Inc. 527,342 11,765
* Callidus Software Inc. 900,617 11,420
* RingCentral Inc. Class A 737,466 11,305
*,^ VASCO Data Security International Inc. 519,103 11,181
* PROS Holdings Inc. 433,946 10,723
* SunEdison Semiconductor Ltd. 403,658 10,422
  Computer Programs & Systems Inc. 189,099 10,261
* Emulex Corp. 1,276,706 10,175
* Cvent Inc. 361,653 10,141
* Actua Corp. 644,192 9,979
  Integrated Silicon Solution Inc. 553,791 9,907
* Inphi Corp. 543,041 9,682
* Photronics Inc. 1,107,108 9,410
* CalAmp Corp. 572,729 9,272
* Internap Corp. 887,315 9,077
* Mercury Systems Inc. 580,726 9,030
* ePlus Inc. 103,787 9,022
  Epiq Systems Inc. 500,455 8,973
* Intralinks Holdings Inc. 864,085 8,935
* FormFactor Inc. 1,000,890 8,878
* Blucora Inc. 647,756 8,848
* LivePerson Inc. 864,270 8,846
  Inteliquent Inc. 557,286 8,772
* RigNet Inc. 299,214 8,555
* Tangoe Inc. 619,118 8,544

 

 

* Textura Corp. 312,065 8,482
* Exar Corp. 834,203 8,384
* Xcerra Corp. 921,775 8,195
* Ultratech Inc. 469,696 8,145
* 2U Inc. 316,889 8,106
  Comtech Telecommunications Corp. 275,755 7,983
* PDF Solutions Inc. 444,782 7,970
* Paycom Software Inc. 246,971 7,918
*,^ Intra-Cellular Therapies Inc. 331,407 7,914
* Gigamon Inc. 371,303 7,886
* SciQuest Inc. 464,915 7,871
* ShoreTel Inc. 1,137,209 7,756
* CEVA Inc. 362,943 7,738
  Forrester Research Inc. 206,322 7,589
  PC Connection Inc. 288,730 7,533
* Premiere Global Services Inc. 771,461 7,375
* MobileIron Inc. 761,763 7,054
* Comverse Inc. 353,186 6,958
* Nanometrics Inc. 407,597 6,856
*,^ HubSpot Inc. 170,792 6,815
* Applied Micro Circuits Corp. 1,319,557 6,730
* Q2 Holdings Inc. 317,423 6,710
* Sonus Networks Inc. 832,833 6,563
* Quantum Corp. 3,904,543 6,247
*,^ Benefitfocus Inc. 167,713 6,170
* Rudolph Technologies Inc. 550,724 6,069
* Calix Inc. 719,352 6,035
  Pericom Semiconductor Corp. 357,372 5,529
* New Relic Inc. 158,653 5,505
* Dot Hill Systems Corp. 1,031,082 5,465
* Merge Healthcare Inc. 1,216,989 5,440
  IXYS Corp. 440,588 5,428
* Vitesse Semiconductor Corp. 1,006,194 5,343
* Silicon Graphics International Corp. 610,070 5,301
*,^ Violin Memory Inc. 1,327,544 5,005
*,^ Box Inc. 249,780 4,933
* Mattson Technology Inc. 1,243,226 4,898
* Extreme Networks Inc. 1,540,066 4,867
*,^ VirnetX Holding Corp. 781,840 4,761
* Sigma Designs Inc. 591,539 4,750
* Vectrus Inc. 185,703 4,734
* Ciber Inc. 1,138,523 4,691
* Entropic Communications Inc. 1,561,809 4,623
* Axcelis Technologies Inc. 1,861,674 4,431
* Immersion Corp. 474,737 4,358
* Rally Software Development Corp. 275,275 4,319
  Cohu Inc. 392,856 4,298
* Seachange International Inc. 542,990 4,262
* Varonis Systems Inc. 165,737 4,253
  Alliance Fiber Optic Products Inc. 244,011 4,251
* DSP Group Inc. 352,294 4,220
*,^ KEYW Holding Corp. 512,410 4,217
* United Online Inc. 263,385 4,196
* MaxLinear Inc. 510,811 4,153
* Carbonite Inc. 287,769 4,115
* Mavenir Systems Inc. 231,569 4,108
*,^ Castlight Health Inc. Class B 524,483 4,070

 

 

*,^ OPOWER Inc. 399,259 4,044
* Brightcove Inc. 545,638 4,000
* Zix Corp. 1,006,691 3,956
* Datalink Corp. 328,080 3,950
* Digi International Inc. 380,442 3,797
*,^ Rocket Fuel Inc. 410,397 3,776
* Jive Software Inc. 718,314 3,685
* ChannelAdvisor Corp. 375,418 3,638
* KVH Industries Inc. 238,592 3,607
* Boingo Wireless Inc. 476,266 3,591
  American Software Inc. Class A 349,984 3,577
* Telenav Inc. 446,632 3,537
* Procera Networks Inc. 374,328 3,515
* Silver Spring Networks Inc. 392,364 3,508
* Vocera Communications Inc. 353,199 3,504
*,^ A10 Networks Inc. 791,080 3,425
  Hackett Group Inc. 376,940 3,370
* TeleCommunication Systems Inc. Class A 875,672 3,354
* VOXX International Corp. Class A 356,358 3,264
* Kopin Corp. 901,452 3,173
* Limelight Networks Inc. 872,710 3,168
* Model N Inc. 258,359 3,090
* Applied Optoelectronics Inc. 221,006 3,068
  QAD Inc. Class A 126,042 3,050
* Ultra Clean Holdings Inc. 414,109 2,961
*,^ Oclaro Inc. 1,485,551 2,941
* Pendrell Corp. 2,228,562 2,897
* Agilysys Inc. 292,386 2,877
  PC-Tel Inc. 352,924 2,823
* Alpha & Omega Semiconductor Ltd. 307,662 2,741
* Workiva Inc. 188,773 2,718
  Digimarc Corp. 120,382 2,642
* Imprivata Inc. 183,106 2,563
* Clearfield Inc. 171,948 2,548
* EMCORE Corp. 449,964 2,448
* Systemax Inc. 193,430 2,364
*,^ Park City Group Inc. 167,676 2,311
* Imation Corp. 565,276 2,278
* Rosetta Stone Inc. 299,205 2,277
* Exa Corp. 191,587 2,276
* Cascade Microtech Inc. 167,008 2,268
* Marin Software Inc. 355,013 2,233
* Novatel Wireless Inc. 453,032 2,184
* NeoPhotonics Corp. 316,590 2,137
  TESSCO Technologies Inc. 85,591 2,111
* Qumu Corp. 152,829 2,048
* Icad Inc. 209,738 2,009
* Numerex Corp. Class A 169,515 1,932
*,^ QuickLogic Corp. 990,202 1,911
*,^ Pixelworks Inc. 365,923 1,837
* Rightside Group Ltd. 179,340 1,820
  Preformed Line Products Co. 43,037 1,813
* ANADIGICS Inc. 1,332,349 1,812
* Cinedigm Corp. Class A 1,115,699 1,807
* Amtech Systems Inc. 154,931 1,732
* GSI Technology Inc. 293,541 1,732
* MoSys Inc. 815,591 1,713

 

 

  Computer Task Group Inc. 229,673 1,679
* Key Tronic Corp. 155,460 1,673
* Support.com Inc. 1,053,784 1,644
*,^ Mitek Systems Inc. 514,640 1,626
* Audience Inc. 355,241 1,613
*,^ Millennial Media Inc. 1,106,722 1,605
*,^ Neonode Inc. 501,245 1,589
  Evolving Systems Inc. 180,534 1,572
  Concurrent Computer Corp. 233,786 1,480
* Identiv Inc. 172,117 1,477
* Hortonworks Inc. 61,763 1,472
* Covisint Corp. 707,709 1,437
  Aware Inc. 322,917 1,421
* AXT Inc. 527,724 1,420
* Guidance Software Inc. 258,965 1,401
*,^ WidePoint Corp. 1,047,354 1,382
* Amber Road Inc. 147,172 1,361
* Radisys Corp. 608,554 1,308
* USA Technologies Inc. 473,654 1,303
* ID Systems Inc. 199,990 1,274
* MRV Communications Inc. 171,205 1,258
*,^ ParkerVision Inc. 1,494,998 1,241
* TransEnterix Inc. 422,459 1,238
* Hutchinson Technology Inc. 459,595 1,227
*,^ Cyan Inc. 305,977 1,221
* Aviat Networks Inc. 980,603 1,167
  NCI Inc. Class A 115,589 1,158
  TransAct Technologies Inc. 187,361 1,107
* BSQUARE Corp. 230,653 1,082
* Five9 Inc. 194,124 1,079
* Edgewater Technology Inc. 156,976 1,074
*,^ MeetMe Inc. 568,043 1,057
* LRAD Corp. 446,900 1,050
* Datawatch Corp. 150,385 1,021
* CVD Equipment Corp. 72,268 997
* Westell Technologies Inc. Class A 696,943 913
* Unwired Planet Inc. 1,587,406 908
* Tremor Video Inc. 381,479 893
  ClearOne Inc. 82,813 883
*,^ Vringo Inc. 1,356,700 882
* iPass Inc. 807,031 855
  Communications Systems Inc. 74,329 848
* Borderfree Inc. 139,939 841
* Innodata Inc. 306,390 809
* RELM Wireless Corp. 123,863 756
* eGain Corp. 227,199 750
* FalconStor Software Inc. 476,855 739
* NetSol Technologies Inc. 125,423 729
* PAR Technology Corp. 170,416 714
* Streamline Health Solutions Inc. 191,737 684
*,^ Resonant Inc. 90,940 643
* Smith Micro Software Inc. 491,457 629
* Aerohive Networks Inc. 137,063 611
* Inuvo Inc. 284,417 589
* Zhone Technologies Inc. 414,475 539
* Intermolecular Inc. 324,109 532
  RCM Technologies Inc. 78,870 528

 

 

  GlobalSCAPE Inc. 145,197 497
* GigOptix Inc. 386,346 467
  Astro-Med Inc. 33,167 464
*,^ Wave Systems Corp. Class A 669,672 462
* Meru Networks Inc. 311,728 449
* Netlist Inc. 768,374 446
* Synacor Inc. 195,907 445
*,^ Crossroads Systems Inc. 173,721 441
*,^ ARC Group Worldwide Inc. 81,284 434
* Xplore Technologies Corp. 65,450 416
* GSE Systems Inc. 274,729 412
* ARI Network Services Inc. 113,614 384
*,^ InterCloud Systems Inc. 168,688 371
  QAD Inc. Class B 16,778 336
* Selectica Inc. 49,569 322
* Ikanos Communications Inc. 107,844 303
* inTEST Corp. 73,725 302
*,^ Superconductor Technologies Inc. 212,929 300
* Data I/O Corp. 78,543 291
*,^ Infosonics Corp. 128,627 289
  Simulations Plus Inc. 43,495 267
* Lantronix Inc. 138,633 251
* BroadVision Inc. 38,059 230
* Intellicheck Mobilisa Inc. 141,245 219
* Aehr Test Systems 89,512 209
* Sonic Foundry Inc. 17,228 167
* Authentidate Holding Corp. 491,209 162
  SMTP Inc. 29,445 155
* Acorn Energy Inc. 308,078 151
* Mastech Holdings Inc. 15,394 140
* Upland Software Inc. 15,457 108
  Optical Cable Corp. 27,126 107
* Cover-All Technologies Inc. 90,520 91
* Sysorex Global Holdings Corp. 69,139 77
* Bridgeline Digital Inc. 146,103 72
* ADDvantage Technologies Group Inc. 29,519 70
* Interphase Corp. 45,795 69
* xG Technology Inc. 234,549 65
  CSP Inc. 9,302 63
* Trio Tech International 20,120 55
* Qualstar Corp. 34,975 52
* Daegis Inc. 62,544 41
* Glowpoint Inc. 12,365 11
* TigerLogic Corp. 1,500 1
      63,131,411
Telecommunications (2.0%)    
  Verizon Communications Inc. 73,292,604 3,564,219
  AT&T Inc. 91,526,391 2,988,337
  CenturyLink Inc. 10,044,620 347,042
* SBA Communications Corp. Class A 2,265,839 265,330
* Level 3 Communications Inc. 4,725,483 254,420
* T-Mobile US Inc. 4,970,920 157,528
  Frontier Communications Corp. 17,659,151 124,497
  Windstream Holdings Inc. 10,588,200 78,353
* Sprint Corp. 13,984,447 66,286
  Telephone & Data Systems Inc. 1,615,337 40,222
*,^ Globalstar Inc. 7,051,844 23,483

 

 

  Consolidated Communications Holdings Inc. 849,355 17,327
* Vonage Holdings Corp. 3,114,796 15,294
* Iridium Communications Inc. 1,373,293 13,335
* Cincinnati Bell Inc. 3,682,064 12,998
* 8x8 Inc. 1,511,741 12,699
  Shenandoah Telecommunications Co. 396,858 12,366
  Atlantic Tele-Network Inc. 173,429 12,005
* inContact Inc. 1,010,880 11,018
* United States Cellular Corp. 230,381 8,229
  EarthLink Holdings Corp. 1,816,253 8,064
* GTT Communications Inc. 401,721 7,584
* FairPoint Communications Inc. 403,761 7,106
  Spok Holdings Inc. 361,260 6,925
* General Communication Inc. Class A 404,067 6,368
* ORBCOMM Inc. 1,030,959 6,155
  IDT Corp. Class B 312,039 5,539
  Lumos Networks Corp. 361,497 5,516
*,^ Intelsat SA 405,249 4,863
* Hawaiian Telcom Holdco Inc. 162,907 4,338
* Straight Path Communications Inc. Class B 175,611 3,498
* HC2 Holdings Inc. 281,302 3,080
*,^ Towerstream Corp. 1,020,029 2,203
  NTELOS Holdings Corp. 303,665 1,458
* Alaska Communications Systems Group Inc. 805,051 1,352
*,^ Pacific DataVision Inc. 18,084 904
* Alteva 91,123 660
*,^ Elephant Talk Communications Corp. 1,049,207 399
* Otelco Inc. Class A 2,454 12
      8,101,012
Utilities (3.0%)    
  Duke Energy Corp. 12,459,443 956,636
  NextEra Energy Inc. 7,805,060 812,117
  Dominion Resources Inc. 10,304,060 730,249
  Southern Co. 15,846,506 701,683
  Exelon Corp. 15,129,686 508,509
  American Electric Power Co. Inc. 8,598,561 483,669
  Sempra Energy 4,140,171 451,361
  PG&E Corp. 8,399,336 445,753
  PPL Corp. 11,681,261 393,191
  Public Service Enterprise Group Inc. 8,915,951 373,757
  Edison International 5,729,758 357,938
  Consolidated Edison Inc. 5,147,584 314,003
  Xcel Energy Inc. 8,890,205 309,468
  Eversource Energy 5,599,332 282,878
  FirstEnergy Corp. 7,396,334 259,316
  DTE Energy Co. 3,114,111 251,278
  NiSource Inc. 5,569,214 245,937
  Entergy Corp. 3,166,059 245,338
^ Wisconsin Energy Corp. 3,953,314 195,689
  Ameren Corp. 4,239,710 178,916
  ONEOK Inc. 3,661,940 176,652
  American Water Works Co. Inc. 3,139,246 170,179
  CMS Energy Corp. 4,806,365 167,790
* Calpine Corp. 6,598,189 150,901
  NRG Energy Inc. 5,962,911 150,206
  CenterPoint Energy Inc. 7,326,805 149,540
  AES Corp. 11,265,941 144,767

 

 

  SCANA Corp. 2,263,948 124,495
  Alliant Energy Corp. 1,961,190 123,555
  Pinnacle West Capital Corp. 1,935,942 123,416
  Pepco Holdings Inc. 4,396,923 117,969
  AGL Resources Inc. 2,094,626 103,998
  ITC Holdings Corp. 2,723,781 101,951
  Integrys Energy Group Inc. 1,410,461 101,581
  UGI Corp. 3,024,161 98,557
  Atmos Energy Corp. 1,739,524 96,196
  Westar Energy Inc. Class A 2,400,642 93,049
  National Fuel Gas Co. 1,409,813 85,054
  Aqua America Inc. 3,145,490 82,884
  TECO Energy Inc. 4,089,293 79,332
  Questar Corp. 3,039,246 72,516
  Great Plains Energy Inc. 2,680,025 71,503
  Vectren Corp. 1,487,680 65,666
* Dynegy Inc. 2,065,597 64,922
  Hawaiian Electric Industries Inc. 1,806,548 58,026
  Cleco Corp. 1,049,612 57,225
  IDACORP Inc. 885,387 55,664
  UIL Holdings Corp. 1,003,151 51,582
  WGL Holdings Inc. 903,549 50,960
  Piedmont Natural Gas Co. Inc. 1,377,200 50,832
  Portland General Electric Co. 1,365,574 50,649
  ALLETE Inc. 926,698 48,893
  Southwest Gas Corp. 824,849 47,981
  New Jersey Resources Corp. 1,493,350 46,383
  Black Hills Corp. 871,989 43,983
  NorthWestern Corp. 815,897 43,887
  PNM Resources Inc. 1,407,340 41,094
  ONE Gas Inc. 915,828 39,591
  Avista Corp. 1,070,550 36,591
  Laclede Group Inc. 706,723 36,198
  South Jersey Industries Inc. 597,238 32,418
  TerraForm Power Inc. Class A 874,918 31,943
  El Paso Electric Co. 772,872 29,864
  MGE Energy Inc. 624,183 27,664
  American States Water Co. 682,125 27,210
  Northwest Natural Gas Co. 497,398 23,850
  Ormat Technologies Inc. 609,412 23,170
  Empire District Electric Co. 872,484 21,655
  California Water Service Group 826,582 20,260
  Chesapeake Utilities Corp. 244,764 12,388
  Unitil Corp. 314,513 10,936
  SJW Corp. 295,204 9,125
  York Water Co. 280,678 6,815
  Atlantic Power Corp. 2,208,448 6,206
  Connecticut Water Service Inc. 168,549 6,123
  Middlesex Water Co. 236,947 5,393
* Vivint Solar Inc. 414,879 5,037
  Delta Natural Gas Co. Inc. 191,073 3,716
  Genie Energy Ltd. Class B 440,146 3,499
*,^ Cadiz Inc. 250,866 2,573
  Gas Natural Inc. 231,032 2,301
  Artesian Resources Corp. Class A 102,984 2,203
* Pure Cycle Corp. 228,140 1,150
  Spark Energy Inc. Class A 50,132 739

 

 

* US Geothermal Inc.     1,372,816 656
          12,290,798
Total Common Stocks (Cost $268,828,867)       401,570,440
          Market
          Value
    Coupon   Shares ($000)
Temporary Cash Investments (1.0%)1        
Money Market Fund (1.0%)        
3,4 Vanguard Market Liquidity Fund 0.128%   3,898,523,672 3,898,524
 
        Face  
      Maturity Amount  
      Date ($000)  
U.S. Government and Agency Obligations (0.0%)        
5,6,7Fannie Mae Discount Notes 0.130% 4/27/15 30,000 29,998
6,8 Federal Home Loan Bank Discount Notes 0.062% 4/29/15 10,000 9,999
6,8 Federal Home Loan Bank Discount Notes 0.080% 5/8/15 20,000 19,998
6,8 Federal Home Loan Bank Discount Notes 0.077% 5/20/15 16,000 15,998
6,8 Federal Home Loan Bank Discount Notes 0.133% 7/31/15 50,000 49,977
          125,970
Total Temporary Cash Investments (Cost $4,024,494)       4,024,494
Total Investments (100.4%) (Cost $272,853,361)       405,594,934
Other Assets and Liabilities-Net (-0.4%)4       (1,647,846)
Net Assets (100%)       403,947,088

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is
$1,247,371,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts and
equity swap contracts. After giving effect to futures and swap investments, the fund's effective common stock and
temporary cash investment positions represent 99.9% and 0.5%, respectively, of net assets.
2 “Other” represents securities that are not classified by the fund’s benchmark index.
3 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
4 Includes $1,343,146,000 of collateral received for securities on loan.
5 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
6 Securities with a value of $103,771,000 have been segregated as initial margin for open futures contracts.
7 Securities with a value of $643,000 have been segregated as collateral for open equity swap contracts.
8 The issuer operates under a congressional charter; its securities are generally neither guaranteed by the U.S.
Treasury nor backed by the full faith and credit of the U.S. government.
ADR—American Depositary Receipt.
REIT—Real Estate Investment Trust.

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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued

 

Total Stock Market Index Fund

using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

B. Various inputs may be used to determine the value of the fund's investments. 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).

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 401,566,205 69 4,166
Temporary Cash Investments 3,898,524 4,024,494 —
Futures Contracts—Assets1 1,388 — —
Futures Contracts—Liabilities1 (17,199) — —
Swap Contracts—Assets — 1,469 —
Swap Contracts—Liabilities — (133) —
Total 405,448,918 4,025,899 4,166
1 Represents variation margin on the last day of the reporting period.

 

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

 

Total Stock Market Index Fund

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

      ($000)
      Aggregate  
    Number of Settlement Unrealized
    Long (Short) Value Long Appreciation
Futures Contracts Expiration Contracts (Short) (Depreciation) 
S&P 500 Index June 2015 3,735 1,924,272 5,356
E-mini Russell 2000 Index June 2015 957 119,520 1,998
E-mini S&P 500 Index June 2015 418 43,071 (309)
E-mini S&P MidCap Index June 2015 240 36,475 640
        7,685

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.

D. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund's target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.

The notional amounts of swap contracts are not recorded in the Statement of Net Assets. Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded in the Statement of Net Assets as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until termination of the swap, at which time realized gain (loss) is recorded. A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund's maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Statement of Net Assets. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.

At March 31, 2015, the fund had the following open total return swap contracts:

 

Total Stock Market Index Fund

Total Return Swaps          
        Floating Unrealized
      Notional Interest Rate Appreciation
  Termination   Amount Received (Depreciation)
Reference Entity Date Counterparty1 ($000) (Paid) ($000)
Ambac Financial Group Inc. 4/6/15 GSCM 1,945 (.568%) (58)
Ambac Financial Group Inc. 4/6/15 GSCM 1,571 (.567%) (47)
Ambac Financial Group Inc. 4/6/15 GSCM 524 (.569%) (15)
Ambac Financial Group Inc. 4/6/15 GSCM 424 (.566%) (13)
Empire State Realty Trust Inc. 5/11/15 GSCM 11,343 (.522%) 803
Empire State Realty Trust Inc. 6/2/15 GSCM 882 (.587%) 53
SLM Corp. 6/16/15 GSI 39,125 (.577%) 613
          1,336
1 GSCM— Goldman Sachs Bank USA.
GSI—Goldman Sachs International.

 

At March 31, 2015, the counterparty had deposited in segregated accounts securities with a value of $544,000 in connection with amounts due to the fund for open swap contracts. After March 31, 2015, the counterparty posted additional collateral of $620,000 in connection with open total return swap contracts as of March 31, 2015.

E. At March 31, 2015, the cost of investment securities for tax purposes was $272,862,838,000. Net unrealized appreciation of investment securities for tax purposes was $132,732,096,000, consisting of unrealized gains of $141,918,512,000 on securities that had risen in value since their purchase and $9,186,416,000 in unrealized losses on securities that had fallen in value since their purchase.


Vanguard Value Index Fund

Schedule of Investments
As of March 31, 2015

    Market
    Value
  Shares ($000)
Common Stocks (99.9%)1    
Basic Materials (3.6%)    
EI du Pont de Nemours & Co. 3,312,543 236,748
Dow Chemical Co. 4,233,502 203,123
LyondellBasell Industries NV Class A 1,395,877 122,558
PPG Industries Inc. 497,518 112,210
Air Products & Chemicals Inc. 705,020 106,655
International Paper Co. 1,552,702 86,159
Freeport-McMoRan Inc. 3,808,245 72,166
Mosaic Co. 1,211,270 55,791
Nucor Corp. 1,168,209 55,525
CF Industries Holdings Inc. 175,186 49,697
Newmont Mining Corp. 1,828,718 39,702
Ashland Inc. 254,023 32,340
Celanese Corp. Class A 562,694 31,432
Alcoa Inc. 2,234,756 28,873
Albemarle Corp. 411,710 21,755
Avery Dennison Corp. 333,692 17,656
Eastman Chemical Co. 244,198 16,913
Huntsman Corp. 758,969 16,826
Reliance Steel & Aluminum Co. 271,182 16,564
CONSOL Energy Inc. 421,880 11,766
Peabody Energy Corp. 444 2
    1,334,461
Consumer Goods (11.0%)    
Procter & Gamble Co. 9,885,030 809,979
PepsiCo Inc. 5,426,169 518,850
Altria Group Inc. 7,201,495 360,219
Ford Motor Co. 14,206,859 229,299
Mondelez International Inc. Class A 5,730,404 206,810
General Motors Co. 5,005,354 187,701
Kraft Foods Group Inc. 2,151,169 187,399
Kimberly-Clark Corp. 1,336,476 143,150
General Mills Inc. 2,212,061 125,203
Johnson Controls Inc. 2,403,580 121,237
Archer-Daniels-Midland Co. 2,319,481 109,943
Delphi Automotive plc 1,061,511 84,645
Reynolds American Inc. 1,168,207 80,501
Kellogg Co. 910,386 60,040
Whirlpool Corp. 285,453 57,679
ConAgra Foods Inc. 1,555,708 56,830
Dr Pepper Snapple Group Inc. 711,955 55,874
Clorox Co. 480,168 53,006
Genuine Parts Co. 533,319 49,700
* TRW Automotive Holdings Corp. 420,505 44,090
Tyson Foods Inc. Class A 1,120,597 42,919
Activision Blizzard Inc. 1,846,360 41,958
Coach Inc. 1,010,020 41,845
Bunge Ltd. 505,886 41,665
JM Smucker Co. 354,688 41,048

 

 

Molson Coors Brewing Co. Class B 533,310 39,705
Newell Rubbermaid Inc. 994,500 38,855
Campbell Soup Co. 748,324 34,834
Coca-Cola Enterprises Inc. 776,189 34,307
Lear Corp. 290,290 32,170
Energizer Holdings Inc. 227,569 31,416
Mattel Inc. 1,241,522 28,369
Stanley Black & Decker Inc. 287,509 27,417
PulteGroup Inc. 1,221,866 27,162
Hasbro Inc. 413,919 26,176
DR Horton Inc. 601,256 17,124
Lennar Corp. Class A 317,660 16,458
Avon Products Inc. 795,597 6,357
^ Pilgrim's Pride Corp. 191,230 4,320
Lennar Corp. Class B 1,431 59
    4,116,319
Consumer Services (7.7%)    
Wal-Mart Stores Inc. 5,899,132 485,204
CVS Health Corp. 4,118,921 425,114
Walgreens Boots Alliance Inc. 3,188,608 270,011
McKesson Corp. 852,308 192,792
Target Corp. 2,334,275 191,574
Delta Air Lines Inc. 3,014,181 135,518
Kroger Co. 1,709,160 131,024
Time Warner Inc. 1,442,563 121,810
Cardinal Health Inc. 1,213,091 109,506
* United Continental Holdings Inc. 1,405,059 94,490
AmerisourceBergen Corp. Class A 761,314 86,539
Macy's Inc. 1,262,603 81,956
Sysco Corp. 2,168,221 81,807
Carnival Corp. 1,625,495 77,764
Omnicom Group Inc. 902,617 70,386
Kohl's Corp. 701,705 54,908
Best Buy Co. Inc. 1,087,756 41,106
Staples Inc. 2,347,181 38,224
Interpublic Group of Cos. Inc. 1,508,524 33,368
* Liberty Media Corp. 754,180 28,810
* News Corp. Class A 1,780,742 28,510
Darden Restaurants Inc. 408,256 28,308
Aramark 607,065 19,201
Tribune Media Co. Class A 263,375 16,016
* Hertz Global Holdings Inc. 738,701 16,015
* Liberty Media Corp. Class A 343,270 13,233
* News Corp. Class B 12,704 202
Lowe's Cos. Inc. 1,616 120
Royal Caribbean Cruises Ltd. 236 19
    2,873,535
Financials (22.0%)    
Wells Fargo & Co. 18,859,522 1,025,958
* Berkshire Hathaway Inc. Class B 6,716,504 969,326
JPMorgan Chase & Co. 13,647,250 826,750
Bank of America Corp. 38,506,082 592,609
Citigroup Inc. 10,547,844 543,425
US Bancorp 6,531,054 285,211
Goldman Sachs Group Inc. 1,516,532 285,063
American International Group Inc. 5,018,877 274,984

 

 

Morgan Stanley 5,350,821 190,971
PNC Financial Services Group Inc. 1,928,431 179,807
Bank of New York Mellon Corp. 3,968,315 159,685
Capital One Financial Corp. 2,017,076 158,986
MetLife Inc. 3,115,884 157,508
Prudential Financial Inc. 1,660,117 133,324
ACE Ltd. 1,155,307 128,805
Travelers Cos. Inc. 1,175,218 127,076
CME Group Inc. 1,172,643 111,061
Allstate Corp. 1,522,776 108,376
State Street Corp. 1,432,228 105,312
BB&T Corp. 2,640,422 102,950
Aflac Inc. 1,568,199 100,380
Discover Financial Services 1,635,423 92,156
Ameriprise Financial Inc. 667,419 87,325
Chubb Corp. 844,139 85,342
SunTrust Banks Inc. 1,912,074 78,567
Hartford Financial Services Group Inc. 1,582,021 66,160
Northern Trust Corp. 820,340 57,137
Fifth Third Bancorp 3,018,771 56,904
Progressive Corp. 2,052,377 55,825
Principal Financial Group Inc. 1,076,334 55,291
M&T Bank Corp. 435,287 55,281
Lincoln National Corp. 937,586 53,874
Regions Financial Corp. 4,910,854 46,408
KeyCorp 3,177,718 44,996
Loews Corp. 1,097,530 44,812
Western Union Co. 1,914,847 39,848
Annaly Capital Management Inc. 3,469,720 36,085
Voya Financial Inc. 835,582 36,022
FNF Group 963,304 35,411
XL Group plc Class A 944,356 34,752
* Ally Financial Inc. 1,579,999 33,148
Huntington Bancshares Inc. 2,981,869 32,950
Unum Group 923,733 31,157
Navient Corp. 1,501,751 30,531
Cincinnati Financial Corp. 568,971 30,315
Comerica Inc. 658,305 29,709
CIT Group Inc. 643,546 29,037
First Republic Bank 505,957 28,885
Willis Group Holdings plc 583,099 28,094
* Arch Capital Group Ltd. 450,094 27,726
American Capital Agency Corp. 1,290,912 27,535
Torchmark Corp. 470,667 25,849
New York Community Bancorp Inc. 1,539,169 25,750
Reinsurance Group of America Inc. Class A 251,615 23,448
Legg Mason Inc. 411,984 22,742
NASDAQ OMX Group Inc. 430,068 21,908
Everest Re Group Ltd. 124,145 21,601
Zions Bancorporation 742,063 20,036
PartnerRe Ltd. 170,631 19,508
WR Berkley Corp. 371,860 18,783
Axis Capital Holdings Ltd. 355,790 18,352
Hudson City Bancorp Inc. 1,741,627 18,252
People's United Financial Inc. 1,127,904 17,144
* Synchrony Financial 458,116 13,904
* Alleghany Corp. 27,955 13,614

 

 

Santander Consumer USA Holdings Inc. 381,872 8,837
Assurant Inc. 128,390 7,884
* Genworth Financial Inc. Class A 908,823 6,643
* Berkshire Hathaway Inc. Class A 14 3,045
Rayonier Inc. 104 3
    8,266,153
Health Care (14.8%)    
Johnson & Johnson 10,177,836 1,023,890
Pfizer Inc. 23,063,041 802,363
Merck & Co. Inc. 10,435,440 599,829
UnitedHealth Group Inc. 3,488,828 412,694
Medtronic plc 5,209,007 406,250
Bristol-Myers Squibb Co. 6,079,880 392,152
Eli Lilly & Co. 3,656,801 265,667
Abbott Laboratories 5,518,399 255,667
Anthem Inc. 975,549 150,635
Aetna Inc. 1,288,614 137,276
Baxter International Inc. 1,986,098 136,048
Cigna Corp. 945,076 122,331
Becton Dickinson and Co. 764,958 109,840
Humana Inc. 547,047 97,385
* HCA Holdings Inc. 1,153,503 86,778
* Boston Scientific Corp. 4,863,020 86,319
Zimmer Holdings Inc. 620,600 72,933
St. Jude Medical Inc. 1,028,555 67,268
* Hospira Inc. 626,359 55,019
* Endo International plc 609,948 54,712
* Mylan NV 892,887 52,993
Quest Diagnostics Inc. 529,441 40,688
Universal Health Services Inc. Class B 335,576 39,501
* Hologic Inc. 869,376 28,711
* Mallinckrodt plc 214,868 27,213
Patterson Cos. Inc. 325,033 15,858
    5,540,020
Industrials (11.2%)    
General Electric Co. 36,758,613 911,981
United Technologies Corp. 3,151,442 369,349
Honeywell International Inc. 2,720,216 283,746
Lockheed Martin Corp. 981,772 199,260
Caterpillar Inc. 2,219,174 177,600
Boeing Co. 1,159,072 173,953
Emerson Electric Co. 2,505,634 141,869
General Dynamics Corp. 1,032,590 140,153
Raytheon Co. 1,124,291 122,829
CSX Corp. 3,622,288 119,970
Northrop Grumman Corp. 725,548 116,784
Eaton Corp. plc 1,711,028 116,247
Norfolk Southern Corp. 1,124,130 115,695
Illinois Tool Works Inc. 1,179,390 114,566
Deere & Co. 1,241,469 108,864
TE Connectivity Ltd. 1,490,406 106,743
Waste Management Inc. 1,678,916 91,048
FedEx Corp. 493,228 81,605
Tyco International plc 1,534,117 66,059
Ingersoll-Rand plc 963,376 65,587
Parker-Hannifin Corp. 520,941 61,877

 

 

  Xerox Corp. 3,863,792 49,650
  Rockwell Collins Inc. 487,780 47,095
  Dover Corp. 596,426 41,225
  Republic Services Inc. Class A 912,771 37,022
  Ball Corp. 501,569 35,431
  L-3 Communications Holdings Inc. 271,562 34,160
  Fluor Corp. 540,461 30,893
  MeadWestvaco Corp. 611,668 30,504
* Crown Holdings Inc. 508,399 27,464
  ADT Corp. 638,983 26,531
  ManpowerGroup Inc. 290,155 24,997
  Xylem Inc. 665,916 23,320
  Avnet Inc. 501,251 22,306
* Arrow Electronics Inc. 354,800 21,696
* Jacobs Engineering Group Inc. 477,878 21,581
  MDU Resources Group Inc. 674,215 14,388
  Joy Global Inc. 359,923 14,102
  Owens Corning 203,782 8,844
* Owens-Illinois Inc. 300,635 7,011
  AGCO Corp. 144,069 6,863
  SPX Corp. 60 5
      4,210,873
Oil & Gas (10.2%)    
  Exxon Mobil Corp. 15,354,394 1,305,124
  Chevron Corp. 6,882,244 722,498
  ConocoPhillips 4,510,950 280,852
  Occidental Petroleum Corp. 2,817,757 205,696
  Phillips 66 1,987,423 156,212
  Valero Energy Corp. 1,882,829 119,786
  Marathon Petroleum Corp. 1,026,960 105,151
  Baker Hughes Inc. 1,585,910 100,832
  Spectra Energy Corp. 2,458,981 88,941
  Devon Energy Corp. 1,424,273 85,898
  Apache Corp. 1,379,281 83,212
  National Oilwell Varco Inc. 1,498,468 74,908
  Hess Corp. 985,932 66,915
  Halliburton Co. 1,474,562 64,704
  Marathon Oil Corp. 2,473,489 64,583
  Tesoro Corp. 462,276 42,201
^ Chesapeake Energy Corp. 2,193,531 31,060
  HollyFrontier Corp. 716,156 28,840
  Murphy Oil Corp. 618,117 28,804
  Helmerich & Payne Inc. 373,825 25,446
  OGE Energy Corp. 728,789 23,037
^ Transocean Ltd. 1,260,414 18,490
  Ensco plc Class A 856,300 18,042
  Energen Corp. 267,926 17,683
* Southwestern Energy Co. 702,433 16,290
* Cameron International Corp. 353,946 15,970
* Weatherford International plc 1,273,003 15,658
  Noble Corp. plc 924,281 13,199
^ Diamond Offshore Drilling Inc. 112,924 3,025
  Nabors Industries Ltd. 450 6
  Denbury Resources Inc. 576 4
  QEP Resources Inc. 148 3
      3,823,070

 

 

Other (0.0%)2    
* Safeway Inc CVR (Casa Ley) Exp. 01/30/2018 376 —
* Safeway Inc CVR (PDC) Exp. 01/30/2017 376 —
    —
Technology (9.7%)    
Microsoft Corp. 27,026,389 1,098,758
International Business Machines Corp. 3,618,131 580,710
Intel Corp. 17,335,790 542,090
Cisco Systems Inc. 18,685,498 514,318
Hewlett-Packard Co. 6,682,961 208,241
Corning Inc. 4,649,079 105,441
Broadcom Corp. Class A 1,986,342 85,999
Western Digital Corp. 802,993 73,080
Seagate Technology plc 1,139,161 59,271
Symantec Corp. 2,496,542 58,332
Applied Materials Inc. 2,248,863 50,734
Motorola Solutions Inc. 713,144 47,545
CA Inc. 1,140,498 37,192
Computer Sciences Corp. 514,265 33,571
Harris Corp. 383,941 30,239
* Synopsys Inc. 570,814 26,440
Marvell Technology Group Ltd. 1,504,813 22,121
NetApp Inc. 569,514 20,195
Garmin Ltd. 419,863 19,952
Juniper Networks Inc. 706,311 15,949
* Nuance Communications Inc. 934,065 13,404
* IMS Health Holdings Inc. 183,871 4,977
    3,648,559
Telecommunications (4.1%)    
Verizon Communications Inc. 15,208,616 739,595
AT&T Inc. 18,998,239 620,293
CenturyLink Inc. 2,072,488 71,604
* T-Mobile US Inc. 1,035,829 32,825
Frontier Communications Corp. 3,665,597 25,842
Windstream Holdings Inc. 2,204,262 16,312
* Sprint Corp. 2,898,248 13,738
    1,520,209
Utilities (5.6%)    
Duke Energy Corp. 2,592,408 199,045
NextEra Energy Inc. 1,621,591 168,727
Dominion Resources Inc. 2,140,597 151,704
Southern Co. 3,298,594 146,062
Exelon Corp. 3,149,545 105,856
American Electric Power Co. Inc. 1,792,478 100,827
Sempra Energy 856,991 93,429
PG&E Corp. 1,740,635 92,375
PPL Corp. 2,436,740 82,021
Public Service Enterprise Group Inc. 1,854,871 77,756
Edison International 1,194,381 74,613
Consolidated Edison Inc. 1,072,831 65,443
Xcel Energy Inc. 1,853,661 64,526
Eversource Energy 1,161,366 58,672
FirstEnergy Corp. 1,543,318 54,109
DTE Energy Co. 648,145 52,299
Entergy Corp. 661,090 51,228
NiSource Inc. 1,157,892 51,132

 

 

^ Wisconsin Energy Corp.     826,006 40,887
Ameren Corp.     889,682 37,545
ONEOK Inc.     761,752 36,747
American Water Works Co. Inc.     656,769 35,603
CMS Energy Corp.     1,013,274 35,373
NRG Energy Inc.     1,238,941 31,209
CenterPoint Energy Inc.     1,493,205 30,476
AES Corp.     2,353,815 30,247
Pinnacle West Capital Corp.     405,380 25,843
SCANA Corp.     469,387 25,812
Alliant Energy Corp.     407,353 25,663
Pepco Holdings Inc.     924,797 24,812
Integrys Energy Group Inc.     292,834 21,090
National Fuel Gas Co.     293,130 17,685
        2,108,816
Total Common Stocks (Cost $30,525,879)       37,442,015
  Coupon      
Temporary Cash Investments (0.1%)1        
Money Market Fund (0.1%)        
3,4 Vanguard Market Liquidity Fund 0.128%   42,441,378 42,441
 
      Face  
    Maturity Amount  
    Date ($000)  
U.S. Government and Agency Obligations (0.0%)        
5,6 Fannie Mae Discount Notes 0.130% 4/27/15 5,000 5,000
Total Temporary Cash Investments (Cost $47,441)       47,441
Total Investments (100.0%) (Cost $30,573,320)       37,489,456
Other Assets and Liabilities-Net (0.0%)4       (10,401)
Net Assets (100%)       37,479,055

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $18,608,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 100.0% and 0.0%, respectively, of net assets.
2 “Other” represents securities that are not classified by the fund’s benchmark index.
3 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
4 Includes $19,306,000 of collateral received for securities on loan.
5 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
6 Securities with a value of $2,200,000 have been segregated as initial margin for open futures contracts.

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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors

 

Value Index Fund

as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

B. Various inputs may be used to determine the value of the fund's investments. 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).

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 37,442,015 — —
Temporary Cash Investments 42,441 5,000 —
Futures Contracts—Assets1 26 — —
Futures Contracts—Liabilities1 (332) — —
Total 37,484,150 5,000 —
1 Represents variation margin on the last day of the reporting period.

 

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

 

Value Index Fund

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

      ($000)
 
      Aggregate  
    Number of Settlement Unrealized
    Long (Short) Value Long Appreciation
Futures Contracts Expiration Contracts (Short) (Depreciation) 
S&P 500 Index June 2015 77 39,670 (135)

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.

D. At March 31, 2015, the cost of investment securities for tax purposes was $30,573,320,000. Net unrealized appreciation of investment securities for tax purposes was $6,916,136,000, consisting of unrealized gains of $7,744,794,000 on securities that had risen in value since their purchase and $828,658,000 in unrealized losses on securities that had fallen in value since their purchase.


Vanguard Growth Index Fund

Schedule of Investments
As of March 31, 2015

      Market
      Value
    Shares ($000)
Common Stocks (99.9%)1    
Basic Materials (1.4%)    
  Praxair Inc. 1,500,824 181,209
  Ecolab Inc. 1,403,754 160,561
  Sigma-Aldrich Corp. 619,676 85,670
  International Flavors & Fragrances Inc. 419,477 49,247
  Alcoa Inc. 3,165,822 40,902
  FMC Corp. 690,946 39,557
  Airgas Inc. 351,386 37,286
* WR Grace & Co. 363,496 35,939
  Eastman Chemical Co. 347,723 24,083
  CONSOL Energy Inc. 596,481 16,636
  Westlake Chemical Corp. 206,578 14,861
* Axalta Coating Systems Ltd. 295,434 8,160
      694,111
Consumer Goods (9.4%)    
  Coca-Cola Co. 20,421,287 828,083
  Philip Morris International Inc. 8,039,102 605,585
  NIKE Inc. Class B 3,567,048 357,882
  Colgate-Palmolive Co. 4,713,929 326,864
  Monsanto Co. 2,511,532 282,648
  VF Corp. 1,795,532 135,221
  Lorillard Inc. 1,871,169 122,281
* Monster Beverage Corp. 784,144 108,522
  Mead Johnson Nutrition Co. 1,049,903 105,547
  Estee Lauder Cos. Inc. Class A 1,199,045 99,713
* Constellation Brands Inc. Class A 838,170 97,404
* Electronic Arts Inc. 1,531,251 90,060
*,^ Tesla Motors Inc. 456,166 86,110
  Hershey Co. 749,326 75,614
* Under Armour Inc. Class A 919,803 74,274
  BorgWarner Inc. 1,178,455 71,273
  Hanesbrands Inc. 2,079,654 69,689
  Harley-Davidson Inc. 1,110,612 67,459
  Keurig Green Mountain Inc. 586,493 65,529
* Michael Kors Holdings Ltd. 988,177 64,973
* Mohawk Industries Inc. 320,941 59,615
  Church & Dwight Co. Inc. 676,505 57,787
* Jarden Corp. 946,468 50,068
  Brown-Forman Corp. Class B 534,183 48,263
  PVH Corp. 426,775 45,477
  McCormick & Co. Inc. 576,718 44,471
  Polaris Industries Inc. 309,956 43,735
  Ralph Lauren Corp. Class A 318,568 41,892
  Stanley Black & Decker Inc. 409,069 39,009
  Hormel Foods Corp. 681,955 38,769
* WABCO Holdings Inc. 304,904 37,467
  Leucadia National Corp. 1,625,047 36,222
* LKQ Corp. 1,411,431 36,076
* lululemon athletica Inc. 513,294 32,861

 

 

* NVR Inc. 20,124 26,738
  DR Horton Inc. 849,777 24,202
  Harman International Industries Inc. 177,024 23,656
  Lennar Corp. Class A 452,788 23,459
* Fossil Group Inc. 222,019 18,305
  Coty Inc. Class A 332,629 8,073
*,^ GoPro Inc. Class A 100,248 4,352
* Herbalife Ltd. 722 31
  Lennar Corp. Class B 180 7
      4,475,266
Consumer Services (21.3%)    
  Walt Disney Co. 7,949,034 833,774
  Home Depot Inc. 6,848,508 778,059
* Amazon.com Inc. 1,930,637 718,390
  Comcast Corp. Class A 11,609,113 655,567
  McDonald's Corp. 4,994,705 486,684
  Lowe's Cos. Inc. 5,056,024 376,118
  Starbucks Corp. 3,701,717 350,553
  Costco Wholesale Corp. 2,289,291 346,816
* eBay Inc. 5,659,563 326,444
* Priceline Group Inc. 269,916 314,223
  Twenty-First Century Fox Inc. Class A 7,227,175 244,568
  TJX Cos. Inc. 3,421,054 239,645
* DIRECTV 2,612,985 222,365
  Time Warner Cable Inc. 1,459,798 218,795
  American Airlines Group Inc. 3,620,414 191,086
  Yum! Brands Inc. 2,250,839 177,186
  Time Warner Inc. 2,050,193 173,118
  Southwest Airlines Co. 3,518,949 155,889
  CBS Corp. Class B 2,304,817 139,741
  Viacom Inc. Class B 1,894,355 129,384
* Netflix Inc. 298,682 124,458
  L Brands Inc. 1,290,854 121,715
* Dollar General Corp. 1,576,883 118,865
  Las Vegas Sands Corp. 2,083,983 114,702
* AutoZone Inc. 166,014 113,248
  Ross Stores Inc. 1,033,347 108,873
* O'Reilly Automotive Inc. 500,824 108,298
* Chipotle Mexican Grill Inc. Class A 161,219 104,879
  Whole Foods Market Inc. 1,869,535 97,365
  Comcast Corp. 1,730,206 97,004
* Charter Communications Inc. Class A 436,603 84,312
* Dollar Tree Inc. 1,015,310 82,387
  Marriott International Inc. Class A 1,006,056 80,806
* DISH Network Corp. Class A 1,100,854 77,126
* CarMax Inc. 1,091,455 75,321
  Starwood Hotels & Resorts Worldwide Inc. 892,274 74,505
* Bed Bath & Beyond Inc. 916,354 70,353
  Nielsen NV 1,538,944 68,591
* Liberty Interactive Corp. Class A 2,202,960 64,304
  Twenty-First Century Fox Inc. 1,954,482 64,263
  Royal Caribbean Cruises Ltd. 741,864 60,722
* Hilton Worldwide Holdings Inc. 2,042,343 60,494
  Tractor Supply Co. 707,860 60,211
  Nordstrom Inc. 748,845 60,147
  Signet Jewelers Ltd. 416,140 57,756
  Advance Auto Parts Inc. 378,133 56,603

 

 

Wyndham Worldwide Corp. 624,655 56,513
Wynn Resorts Ltd. 420,510 52,934
Gap Inc. 1,207,132 52,305
Tiffany & Co. 569,311 50,105
* Sirius XM Holdings Inc. 13,006,107 49,683
* Ulta Salon Cosmetics & Fragrance Inc. 317,126 47,839
* TripAdvisor Inc. 573,200 47,673
Expedia Inc. 501,063 47,165
H&R Block Inc. 1,424,171 45,673
Family Dollar Stores Inc. 563,065 44,617
* Discovery Communications Inc. 1,413,661 41,668
* MGM Resorts International 1,909,850 40,164
* IHS Inc. Class A 338,973 38,562
Williams-Sonoma Inc. 435,433 34,708
FactSet Research Systems Inc. 205,771 32,759
* Norwegian Cruise Line Holdings Ltd. 592,260 31,988
Scripps Networks Interactive Inc. Class A 399,481 27,388
* AutoNation Inc. 381,640 24,551
* Urban Outfitters Inc. 521,412 23,803
* Discovery Communications Inc. Class A 770,397 23,697
Foot Locker Inc. 372,649 23,477
* Hertz Global Holdings Inc. 1,068,710 23,170
* Sprouts Farmers Market Inc. 629,621 22,182
* Hyatt Hotels Corp. Class A 192,761 11,415
Viacom Inc. Class A 3,936 270
CBS Corp. Class A 2,760 170
Extended Stay America Inc. 1,140 22
* zulily Inc. Class A 513 7
    10,180,221
Financials (13.0%)    
Visa Inc. Class A 10,205,645 667,551
MasterCard Inc. Class A 5,197,552 449,017
American Express Co. 5,296,434 413,757
Simon Property Group Inc. 1,615,166 315,991
American Tower Corporation 2,183,733 205,599
BlackRock Inc. 558,078 204,167
Charles Schwab Corp. 6,131,970 186,657
Marsh & McLennan Cos. Inc. 2,804,261 157,291
Public Storage 763,410 150,499
Equity Residential 1,890,633 147,205
McGraw Hill Financial Inc. 1,421,390 146,972
Crown Castle International Corp. 1,735,034 143,210
Aon plc 1,456,464 139,995
Health Care REIT Inc. 1,802,825 139,467
Intercontinental Exchange Inc. 583,986 136,226
Ventas Inc. 1,719,231 125,538
AvalonBay Communities Inc. 686,251 119,579
Prologis Inc. 2,661,535 115,937
Boston Properties Inc. 795,701 111,780
Moody's Corp. 1,053,403 109,343
Franklin Resources Inc. 2,100,555 107,801
T. Rowe Price Group Inc. 1,287,252 104,242
HCP Inc. 2,390,126 103,277
Vornado Realty Trust 878,791 98,425
Weyerhaeuser Co. 2,728,354 90,445
Invesco Ltd. 2,232,943 88,626
General Growth Properties Inc. 2,756,734 81,462

 

 

Host Hotels & Resorts Inc. 3,936,736 79,443
Essex Property Trust Inc. 332,298 76,395
Macerich Co. 819,047 69,070
Equinix Inc. 284,721 66,297
SL Green Realty Corp. 510,964 65,598
* Affiliated Managers Group Inc. 287,984 61,853
Realty Income Corp. 1,166,636 60,198
Equifax Inc. 625,015 58,126
* CBRE Group Inc. Class A 1,467,380 56,802
Kimco Realty Corp. 2,026,816 54,420
* Markel Corp. 68,762 52,875
Federal Realty Investment Trust 356,253 52,444
TD Ameritrade Holding Corp. 1,267,076 47,211
American Realty Capital Properties Inc. 4,789,369 47,175
Digital Realty Trust Inc. 701,610 46,278
UDR Inc. 1,341,459 45,650
Plum Creek Timber Co. Inc. 912,716 39,658
Jones Lang LaSalle Inc. 232,115 39,552
Raymond James Financial Inc. 666,576 37,848
Alexandria Real Estate Equities Inc. 372,937 36,563
Iron Mountain Inc. 977,957 35,676
Lazard Ltd. Class A 666,402 35,046
* Realogy Holdings Corp. 757,313 34,443
SEI Investments Co. 779,139 34,352
MSCI Inc. Class A 550,842 33,772
Camden Property Trust 426,870 33,351
Brixmor Property Group Inc. 850,272 22,575
LPL Financial Holdings Inc. 435,896 19,118
* LendingClub Corp. 382,788 7,522
Rayonier Inc. 703 19
    6,209,389
Health Care (13.4%)    
* Gilead Sciences Inc. 7,740,103 759,536
Amgen Inc. 3,943,669 630,395
* Actavis plc 2,047,828 609,475
* Biogen Inc. 1,219,235 514,810
* Celgene Corp. 4,160,477 479,620
AbbVie Inc. 7,868,969 460,649
* Express Scripts Holding Co. 3,777,598 327,782
Thermo Fisher Scientific Inc. 2,062,036 277,014
* Alexion Pharmaceuticals Inc. 1,050,599 182,069
* Regeneron Pharmaceuticals Inc. 392,267 177,101
Stryker Corp. 1,673,050 154,339
* Vertex Pharmaceuticals Inc. 1,258,109 148,419
* Illumina Inc. 747,369 138,742
Perrigo Co. plc 731,695 121,132
Zoetis Inc. 2,344,787 108,540
* BioMarin Pharmaceutical Inc. 816,994 101,814
* Intuitive Surgical Inc. 190,197 96,055
* DaVita HealthCare Partners Inc. 1,060,975 86,236
* Pharmacyclics Inc. 315,246 80,687
* Edwards Lifesciences Corp. 559,028 79,639
* Mylan NV 1,269,023 75,316
* Incyte Corp. 803,455 73,645
* Laboratory Corp. of America Holdings 517,301 65,226
CR Bard Inc. 388,356 64,991
* Henry Schein Inc. 436,582 60,956

 

 

* Salix Pharmaceuticals Ltd. 314,655 54,376
  ResMed Inc. 729,091 52,334
* Jazz Pharmaceuticals plc 299,024 51,668
* Waters Corp. 409,802 50,947
* Medivation Inc. 386,316 49,862
* Varian Medical Systems Inc. 517,821 48,722
* Mallinckrodt plc 302,261 38,281
* IDEXX Laboratories Inc. 246,839 38,132
  DENTSPLY International Inc. 732,667 37,285
* Envision Healthcare Holdings Inc. 955,582 36,647
* Quintiles Transnational Holdings Inc. 365,169 24,455
* Alkermes plc 381,937 23,287
*,^ Intercept Pharmaceuticals Inc. 40,196 11,336
  Becton Dickinson and Co. 652 94
      6,391,614
Industrials (11.7%)    
  3M Co. 3,298,645 544,112
  Union Pacific Corp. 4,579,852 496,044
  United Parcel Service Inc. Class B 3,697,419 358,428
  Accenture plc Class A 3,264,311 305,833
  Danaher Corp. 3,117,645 264,688
  Boeing Co. 1,647,243 247,218
  Automatic Data Processing Inc. 2,469,306 211,471
  Precision Castparts Corp. 736,736 154,715
* LinkedIn Corp. Class A 568,476 142,039
  Cummins Inc. 899,357 124,687
  Sherwin-Williams Co. 419,171 119,254
  PACCAR Inc. 1,839,480 116,145
  FedEx Corp. 699,397 115,715
  Fidelity National Information Services Inc. 1,474,682 100,367
* Fiserv Inc. 1,240,468 98,493
  Amphenol Corp. Class A 1,609,539 94,850
* Alliance Data Systems Corp. 315,569 93,487
  Roper Industries Inc. 520,736 89,567
  Paychex Inc. 1,698,483 84,270
  Rockwell Automation Inc. 704,110 81,670
  WW Grainger Inc. 318,894 75,198
  Agilent Technologies Inc. 1,742,080 72,383
  AMETEK Inc. 1,249,046 65,625
* Stericycle Inc. 439,884 61,773
* FleetCor Technologies Inc. 403,570 60,907
  Pentair plc 945,299 59,450
  Kansas City Southern 572,190 58,409
  Vulcan Materials Co. 682,931 57,571
  Textron Inc. 1,294,821 57,399
  Fastenal Co. 1,382,743 57,294
  Pall Corp. 554,231 55,639
  CH Robinson Worldwide Inc. 758,745 55,555
  TransDigm Group Inc. 245,812 53,764
* Verisk Analytics Inc. Class A 737,298 52,643
* Sensata Technologies Holding NV 878,614 50,476
  Masco Corp. 1,845,016 49,262
* Mettler-Toledo International Inc. 147,851 48,591
  Towers Watson & Co. Class A 362,285 47,889
  Sealed Air Corp. 1,038,976 47,336
  Rock-Tenn Co. Class A 725,253 46,779
  Martin Marietta Materials Inc. 331,303 46,316

 

 

  Expeditors International of Washington Inc. 950,193 45,780
* United Rentals Inc. 500,137 45,593
  Wabtec Corp. 474,012 45,036
  JB Hunt Transport Services Inc. 486,174 41,517
  Robert Half International Inc. 670,142 40,557
  Flowserve Corp. 706,853 39,930
  Cintas Corp. 487,793 39,819
  B/E Aerospace Inc. 546,423 34,763
* Trimble Navigation Ltd. 1,341,412 33,804
* Quanta Services Inc. 1,099,985 31,383
  Allison Transmission Holdings Inc. 933,965 29,831
  Hubbell Inc. Class B 269,172 29,507
  Chicago Bridge & Iron Co. NV 560,817 27,626
  Donaldson Co. Inc. 716,652 27,025
  FLIR Systems Inc. 729,766 22,827
* Colfax Corp. 449,613 21,460
  Fortune Brands Home & Security Inc. 407,793 19,362
  Owens Corning 290,169 12,593
* KLX Inc. 589 23
      5,611,748
Oil & Gas (5.3%)    
  Schlumberger Ltd. 6,641,044 554,129
  Kinder Morgan Inc. 8,855,557 372,465
  EOG Resources Inc. 2,850,193 261,334
  Anadarko Petroleum Corp. 2,632,994 218,038
  Williams Cos. Inc. 3,498,028 176,965
  Pioneer Natural Resources Co. 772,990 126,392
  Noble Energy Inc. 2,009,903 98,284
  Halliburton Co. 2,099,898 92,143
* Cheniere Energy Inc. 1,105,083 85,533
* Concho Resources Inc. 617,136 71,538
  EQT Corp. 785,840 65,123
  Cabot Oil & Gas Corp. 2,141,506 63,239
  Cimarex Energy Co. 454,524 52,311
* FMC Technologies Inc. 1,211,941 44,854
  Range Resources Corp. 831,054 43,248
* Whiting Petroleum Corp. 1,059,586 32,741
* Dresser-Rand Group Inc. 396,884 31,890
  Oceaneering International Inc. 516,265 27,842
^ Core Laboratories NV 227,169 23,737
* Southwestern Energy Co. 1,000,117 23,193
* Cameron International Corp. 504,052 22,743
* Weatherford International plc 1,812,906 22,299
* Continental Resources Inc. 482,571 21,074
*,^ Antero Resources Corp. 356,085 12,577
* Cobalt International Energy Inc. 906,803 8,533
  National Oilwell Varco Inc. 4,788 239
  Helmerich & Payne Inc. 1,140 78
  Ensco plc Class A 2,603 55
  SM Energy Co. 741 38
  QEP Resources Inc. 1,007 21
      2,552,656
Technology (24.0%)    
  Apple Inc. 30,269,892 3,766,483
* Facebook Inc. Class A 11,040,611 907,704
* Google Inc. Class A 1,491,157 827,145

 

 

* Google Inc. Class C 1,504,801 824,631
  Oracle Corp. 17,115,740 738,544
  QUALCOMM Inc. 8,572,450 594,414
  Texas Instruments Inc. 5,441,744 311,186
  EMC Corp. 10,574,973 270,296
* salesforce.com inc 3,115,224 208,128
* Cognizant Technology Solutions Corp. Class A 3,164,423 197,428
* Yahoo! Inc. 4,430,876 196,886
* Adobe Systems Inc. 2,460,181 181,906
  Avago Technologies Ltd. Class A 1,332,372 169,185
* Micron Technology Inc. 5,598,573 151,889
  Intuit Inc. 1,366,216 132,468
* Twitter Inc. 2,637,970 132,110
* Cerner Corp. 1,599,403 117,172
  Analog Devices Inc. 1,628,271 102,581
  Skyworks Solutions Inc. 991,648 97,469
* Red Hat Inc. 953,225 72,207
  Applied Materials Inc. 3,184,729 71,848
  SanDisk Corp. 1,103,780 70,223
* Autodesk Inc. 1,182,410 69,337
  Altera Corp. 1,580,635 67,825
* Catamaran Corp. 1,075,895 64,059
* Akamai Technologies Inc. 876,648 62,281
* Qorvo Inc. 771,612 61,497
  Lam Research Corp. 827,993 58,154
  Linear Technology Corp. 1,241,138 58,085
  Xilinx Inc. 1,371,412 58,011
  NVIDIA Corp. 2,677,559 56,028
* ServiceNow Inc. 691,052 54,441
* Citrix Systems Inc. 835,010 53,332
* Palo Alto Networks Inc. 355,795 51,975
  Maxim Integrated Products Inc. 1,467,615 51,088
  KLA-Tencor Corp. 851,869 49,655
  Microchip Technology Inc. 994,609 48,636
* Workday Inc. Class A 533,073 44,997
* F5 Networks Inc. 373,677 42,950
* ANSYS Inc. 476,827 42,051
* VeriSign Inc. 605,656 40,561
* Gartner Inc. 433,411 36,342
* VMware Inc. Class A 439,139 36,014
* Teradata Corp. 793,002 35,003
* Splunk Inc. 534,669 31,652
* Rackspace Hosting Inc. 595,214 30,707
  NetApp Inc. 810,976 28,757
  Juniper Networks Inc. 1,006,353 22,723
*,^ FireEye Inc. 506,161 19,867
* NetSuite Inc. 178,453 16,553
* Freescale Semiconductor Ltd. 276,558 11,273
*,^ Cree Inc. 309,186 10,973
* Premier Inc. Class A 193,259 7,263
* 3D Systems Corp. 1,178 32
      11,464,025
Telecommunications (0.3%)    
* SBA Communications Corp. Class A 670,889 78,561
* Level 3 Communications Inc. 1,393,613 75,032
      153,593

 

 

Utilities (0.1%)        
* Calpine Corp.     1,949,298 44,580
ONEOK Inc.     2,318 112
        44,692
Total Common Stocks (Cost $29,810,087)       47,777,315
  Coupon      
Temporary Cash Investments (0.4%)1        
Money Market Fund (0.4%)        
2,3 Vanguard Market Liquidity Fund 0.128%   182,407,724 182,408
 
      Face  
    Maturity Amount  
    Date ($000)  
U.S. Government and Agency Obligations (0.0%)        
4,5 Federal Home Loan Bank Discount Notes 0.063% 4/29/15 4,000 3,999
4,5 Federal Home Loan Bank Discount Notes 0.070% 5/14/15 500 500
4,5 Federal Home Loan Bank Discount Notes 0.070% 5/15/15 1,000 1,000
        5,499
Total Temporary Cash Investments (Cost $187,907)       187,907
Total Investments (100.3%) (Cost $29,997,994)       47,965,222
Other Assets and Liabilities-Net (-0.3%)3       (125,612)
Net Assets (100%)       47,839,610

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $53,486,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 100.0% and 0.3%, respectively, of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
3 Includes $55,439,000 of collateral received for securities on loan.
4 The issuer operates under a congressional charter; its securities are generally neither guaranteed by the U.S.
Treasury nor backed by the full faith and credit of the U.S. government.
5 Securities with a value of $4,600,000 have been segregated as initial margin for open futures contracts.
REIT—Real Estate Investment Trust.

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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

B. Various inputs may be used to determine the value of the fund's investments. 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.

 

Growth Index Fund

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).

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 47,777,315 — —
Temporary Cash Investments 182,408 5,499 —
Futures Contracts—Assets1 370 — —
Futures Contracts—Liabilities1 (1,033) — —
Total 47,959,060 5,499 —
1 Represents variation margin on the last day of the reporting period.

 

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

      ($000)
      Aggregate  
    Number of Settlement Unrealized
    Long (Short) Value Long Appreciation
Futures Contracts Expiration Contracts (Short) (Depreciation) 
S&P 500 Index June 2015 69 35,549 (121)
E-mini S&P 500 Index June 2015 152 15,662 (113)
        (234)

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized

 

Growth Index Fund

gain (loss) for tax purposes.

D. At March 31, 2015, the cost of investment securities for tax purposes was $29,997,994,000. Net unrealized appreciation of investment securities for tax purposes was $17,967,228,000, consisting of unrealized gains of $18,152,181,000 on securities that had risen in value since their purchase and $184,953,000 in unrealized losses on securities that had fallen in value since their purchase.


Vanguard Large-Cap Index Fund

Schedule of Investments
As of March 31, 2015

    Market
    Value
  Shares ($000)
Common Stocks (99.8%)1    
Basic Materials (2.6%)    
EI du Pont de Nemours & Co. 479,195 34,248
Dow Chemical Co. 613,260 29,424
Praxair Inc. 154,250 18,624
LyondellBasell Industries NV Class A 202,211 17,754
PPG Industries Inc. 72,587 16,371
Ecolab Inc. 142,840 16,338
Air Products & Chemicals Inc. 101,684 15,383
International Paper Co. 224,345 12,449
Freeport-McMoRan Inc. 549,703 10,417
Sigma-Aldrich Corp. 63,064 8,719
Alcoa Inc. 647,389 8,364
Mosaic Co. 175,497 8,083
Nucor Corp. 168,937 8,030
CF Industries Holdings Inc. 25,626 7,270
Newmont Mining Corp. 263,868 5,728
International Flavors & Fragrances Inc. 42,771 5,021
Eastman Chemical Co. 70,873 4,909
Ashland Inc. 36,596 4,659
Celanese Corp. Class A 81,286 4,541
FMC Corp. 70,507 4,036
Airgas Inc. 35,591 3,776
* WR Grace & Co. 37,251 3,683
CONSOL Energy Inc. 121,715 3,395
Albemarle Corp. 59,347 3,136
Avery Dennison Corp. 48,138 2,547
Huntsman Corp. 109,598 2,430
Reliance Steel & Aluminum Co. 39,207 2,395
Westlake Chemical Corp. 20,921 1,505
* Axalta Coating Systems Ltd. 30,195 834
    264,069
Consumer Goods (10.2%)    
Procter & Gamble Co. 1,429,719 117,151
Coca-Cola Co. 2,085,970 84,586
PepsiCo Inc. 785,189 75,080
Philip Morris International Inc. 819,363 61,723
Altria Group Inc. 1,045,513 52,297
NIKE Inc. Class B 361,985 36,318
Colgate-Palmolive Co. 482,032 33,424
Ford Motor Co. 2,057,762 33,212
Mondelez International Inc. Class A 830,103 29,958
Monsanto Co. 256,078 28,819
General Motors Co. 724,897 27,184
Kraft Foods Group Inc. 311,402 27,128
Kimberly-Clark Corp. 193,597 20,736
General Mills Inc. 319,390 18,077
Johnson Controls Inc. 348,128 17,560
Archer-Daniels-Midland Co. 336,016 15,927
VF Corp. 182,797 13,766

 

 

  Lorillard Inc. 190,458 12,446
  Delphi Automotive plc 153,698 12,256
  Reynolds American Inc. 168,736 11,628
* Monster Beverage Corp. 79,857 11,052
  Mead Johnson Nutrition Co. 106,784 10,735
  Estee Lauder Cos. Inc. Class A 122,391 10,178
* Constellation Brands Inc. Class A 85,270 9,909
* Electronic Arts Inc. 156,469 9,203
*,^ Tesla Motors Inc. 46,420 8,763
  Kellogg Co. 131,309 8,660
  Whirlpool Corp. 41,223 8,330
  ConAgra Foods Inc. 224,768 8,211
  Dr Pepper Snapple Group Inc. 102,919 8,077
  Stanley Black & Decker Inc. 82,982 7,913
  Hershey Co. 76,218 7,691
  Clorox Co. 68,481 7,560
* Under Armour Inc. Class A 93,078 7,516
  BorgWarner Inc. 120,088 7,263
  Genuine Parts Co. 76,839 7,161
  Hanesbrands Inc. 211,637 7,092
  Harley-Davidson Inc. 113,366 6,886
* Michael Kors Holdings Ltd. 103,287 6,791
  Keurig Green Mountain Inc. 59,911 6,694
* TRW Automotive Holdings Corp. 60,974 6,393
  Tyson Foods Inc. Class A 161,486 6,185
* Mohawk Industries Inc. 32,860 6,104
  Church & Dwight Co. Inc. 70,820 6,049
  Activision Blizzard Inc. 266,100 6,047
  Coach Inc. 145,752 6,038
  Bunge Ltd. 73,084 6,019
  JM Smucker Co. 51,125 5,917
  Molson Coors Brewing Co. Class B 77,040 5,736
  Newell Rubbermaid Inc. 143,380 5,602
* Jarden Corp. 96,592 5,110
  Coca-Cola Enterprises Inc. 115,067 5,086
  Campbell Soup Co. 107,883 5,022
  Brown-Forman Corp. Class B 54,713 4,943
  DR Horton Inc. 173,264 4,935
  Lennar Corp. Class A 91,143 4,722
  PVH Corp. 43,529 4,638
  Lear Corp. 41,810 4,633
  McCormick & Co. Inc. 59,009 4,550
  Energizer Holdings Inc. 32,923 4,545
  Polaris Industries Inc. 31,572 4,455
  Ralph Lauren Corp. Class A 32,403 4,261
  Mattel Inc. 179,521 4,102
  Hormel Foods Corp. 69,831 3,970
  PulteGroup Inc. 176,087 3,914
* WABCO Holdings Inc. 31,124 3,824
  Hasbro Inc. 60,000 3,794
  Leucadia National Corp. 165,443 3,688
* LKQ Corp. 143,883 3,678
* lululemon athletica Inc. 52,551 3,364
* NVR Inc. 2,059 2,736
  Harman International Industries Inc. 18,093 2,418
* Fossil Group Inc. 21,659 1,786
  Coty Inc. Class A 40,978 995

 

 

Avon Products Inc. 115,596 924
^ Pilgrim's Pride Corp. 27,110 612
* GoPro Inc. Class A 8,141 353
Lennar Corp. Class B 985 40
    1,052,149
Consumer Services (14.1%)    
Walt Disney Co. 810,325 84,995
Home Depot Inc. 697,380 79,229
* Amazon.com Inc. 196,795 73,227
Wal-Mart Stores Inc. 852,713 70,136
CVS Health Corp. 596,096 61,523
Comcast Corp. Class A 1,066,798 60,242
McDonald's Corp. 509,104 49,607
Walgreens Boots Alliance Inc. 461,941 39,117
Lowe's Cos. Inc. 516,804 38,445
Starbucks Corp. 376,247 35,631
Costco Wholesale Corp. 233,351 35,352
Time Warner Inc. 417,875 35,285
* eBay Inc. 577,680 33,321
* Priceline Group Inc. 27,513 32,029
Twenty-First Century Fox Inc. Class A 887,861 30,045
McKesson Corp. 122,671 27,748
Target Corp. 337,006 27,658
TJX Cos. Inc. 348,305 24,399
* DIRECTV 265,861 22,625
Time Warner Cable Inc. 148,349 22,235
Delta Air Lines Inc. 436,657 19,632
American Airlines Group Inc. 369,079 19,480
Kroger Co. 246,839 18,923
Yum! Brands Inc. 231,630 18,234
Comcast Corp. 291,422 16,339
Southwest Airlines Co. 359,289 15,916
Cardinal Health Inc. 174,999 15,797
CBS Corp. Class B 233,190 14,138
* United Continental Holdings Inc. 203,594 13,692
Viacom Inc. Class B 194,647 13,294
* Netflix Inc. 30,256 12,607
AmerisourceBergen Corp. Class A 109,999 12,504
L Brands Inc. 131,501 12,399
* Dollar General Corp. 160,568 12,104
Macy's Inc. 182,875 11,870
Sysco Corp. 310,939 11,732
Las Vegas Sands Corp. 212,199 11,679
* AutoZone Inc. 16,935 11,552
Carnival Corp. 235,452 11,264
Ross Stores Inc. 105,625 11,129
* O'Reilly Automotive Inc. 50,928 11,013
* Chipotle Mexican Grill Inc. Class A 16,412 10,677
Omnicom Group Inc. 131,197 10,231
Whole Foods Market Inc. 190,092 9,900
* Charter Communications Inc. Class A 44,490 8,591
* Dollar Tree Inc. 103,356 8,387
Marriott International Inc. Class A 102,527 8,235
Kohl's Corp. 102,742 8,040
* CarMax Inc. 113,935 7,863
* DISH Network Corp. Class A 111,955 7,844
Starwood Hotels & Resorts Worldwide Inc. 91,625 7,651

 

 

Nielsen NV 161,551 7,200
* Bed Bath & Beyond Inc. 92,971 7,138
* Liberty Interactive Corp. Class A 224,347 6,549
Royal Caribbean Cruises Ltd. 76,696 6,278
* Hilton Worldwide Holdings Inc. 208,139 6,165
Nordstrom Inc. 76,460 6,141
Tractor Supply Co. 71,894 6,115
Best Buy Co. Inc. 157,191 5,940
Signet Jewelers Ltd. 42,577 5,909
Wyndham Worldwide Corp. 65,085 5,888
Advance Auto Parts Inc. 38,546 5,770
Staples Inc. 338,749 5,517
Gap Inc. 126,683 5,489
Wynn Resorts Ltd. 42,969 5,409
Tiffany & Co. 58,296 5,131
* Sirius XM Holdings Inc. 1,329,713 5,080
Interpublic Group of Cos. Inc. 220,921 4,887
* Ulta Salon Cosmetics & Fragrance Inc. 32,309 4,874
* TripAdvisor Inc. 58,496 4,865
Expedia Inc. 51,190 4,819
H&R Block Inc. 145,759 4,674
* Hertz Global Holdings Inc. 213,376 4,626
Family Dollar Stores Inc. 57,621 4,566
* Discovery Communications Inc. 144,682 4,264
* Liberty Media Corp. 108,563 4,147
Darden Restaurants Inc. 59,150 4,101
* MGM Resorts International 194,617 4,093
* News Corp. Class A 247,981 3,970
* IHS Inc. Class A 34,282 3,900
Williams-Sonoma Inc. 44,349 3,535
FactSet Research Systems Inc. 20,998 3,343
* Norwegian Cruise Line Holdings Ltd. 60,605 3,273
Scripps Networks Interactive Inc. Class A 40,715 2,791
Aramark 87,976 2,783
* AutoNation Inc. 38,899 2,502
* Urban Outfitters Inc. 53,434 2,439
* Discovery Communications Inc. Class A 78,342 2,410
Foot Locker Inc. 37,910 2,388
Tribune Media Co. Class A 38,007 2,311
* Sprouts Farmers Market Inc. 64,356 2,267
* Liberty Media Corp. Class A 50,021 1,928
Twenty-First Century Fox Inc. 48,091 1,581
* Hyatt Hotels Corp. Class A 19,960 1,182
* News Corp. Class B 12,020 191
CBS Corp. Class A 2,867 177
Viacom Inc. Class A 985 68
    1,454,240
Financials (17.7%)    
Wells Fargo & Co. 2,729,271 148,472
* Berkshire Hathaway Inc. Class B 964,880 139,252
JPMorgan Chase & Co. 1,977,947 119,824
Bank of America Corp. 5,564,506 85,638
Citigroup Inc. 1,526,761 78,659
Visa Inc. Class A 1,040,298 68,046
MasterCard Inc. Class A 529,919 45,780
American Express Co. 539,891 42,176
US Bancorp 946,692 41,342

 

 

Goldman Sachs Group Inc. 218,883 41,143
American International Group Inc. 726,981 39,831
Simon Property Group Inc. 164,600 32,202
Morgan Stanley 776,920 27,728
PNC Financial Services Group Inc. 278,347 25,953
Capital One Financial Corp. 294,384 23,203
Bank of New York Mellon Corp. 574,914 23,135
MetLife Inc. 451,472 22,822
American Tower Corporation 222,267 20,926
BlackRock Inc. 56,834 20,792
Prudential Financial Inc. 241,296 19,379
Charles Schwab Corp. 621,517 18,919
ACE Ltd. 166,880 18,605
Travelers Cos. Inc. 170,238 18,408
Marsh & McLennan Cos. Inc. 286,311 16,059
CME Group Inc. 169,462 16,050
Allstate Corp. 222,119 15,808
State Street Corp. 209,712 15,420
Public Storage 77,784 15,334
Equity Residential 191,819 14,935
BB&T Corp. 381,354 14,869
McGraw Hill Financial Inc. 143,553 14,843
Crown Castle International Corp. 176,490 14,568
Aflac Inc. 226,459 14,496
Aon plc 148,451 14,269
Health Care REIT Inc. 183,595 14,203
Intercontinental Exchange Inc. 59,605 13,904
Discover Financial Services 240,026 13,525
Ventas Inc. 175,300 12,800
Ameriprise Financial Inc. 97,657 12,777
Chubb Corp. 122,255 12,360
AvalonBay Communities Inc. 69,833 12,168
Prologis Inc. 271,332 11,819
Boston Properties Inc. 81,057 11,387
SunTrust Banks Inc. 276,007 11,341
Moody's Corp. 107,334 11,141
Franklin Resources Inc. 214,020 10,984
T. Rowe Price Group Inc. 130,222 10,545
HCP Inc. 243,016 10,501
Vornado Realty Trust 89,363 10,009
Hartford Financial Services Group Inc. 228,113 9,540
Weyerhaeuser Co. 277,714 9,206
Invesco Ltd. 228,257 9,060
General Growth Properties Inc. 281,066 8,306
Northern Trust Corp. 118,573 8,259
Fifth Third Bancorp 435,715 8,213
Host Hotels & Resorts Inc. 401,232 8,097
Progressive Corp. 296,165 8,056
M&T Bank Corp. 62,922 7,991
Principal Financial Group Inc. 155,192 7,972
Lincoln National Corp. 137,428 7,897
Essex Property Trust Inc. 33,854 7,783
Macerich Co. 83,790 7,066
Regions Financial Corp. 729,188 6,891
Equinix Inc. 29,019 6,757
SL Green Realty Corp. 51,009 6,549
KeyCorp 457,637 6,480

 

 

Loews Corp. 158,141 6,457
* Affiliated Managers Group Inc. 29,390 6,312
Realty Income Corp. 117,853 6,081
Equifax Inc. 63,938 5,946
* CBRE Group Inc. Class A 149,827 5,800
Western Union Co. 276,571 5,755
Kimco Realty Corp. 206,738 5,551
* Markel Corp. 7,023 5,400
Federal Realty Investment Trust 36,129 5,319
Annaly Capital Management Inc. 501,994 5,221
Voya Financial Inc. 120,746 5,205
FNF Group 139,224 5,118
XL Group plc Class A 136,713 5,031
TD Ameritrade Holding Corp. 129,709 4,833
American Realty Capital Properties Inc. 489,869 4,825
* Ally Financial Inc. 228,844 4,801
Huntington Bancshares Inc. 430,192 4,754
Digital Realty Trust Inc. 71,855 4,740
UDR Inc. 135,369 4,607
Unum Group 133,261 4,495
Navient Corp. 217,297 4,418
CIT Group Inc. 96,965 4,375
Cincinnati Financial Corp. 81,946 4,366
Comerica Inc. 94,861 4,281
First Republic Bank 72,828 4,158
Willis Group Holdings plc 84,394 4,066
Plum Creek Timber Co. Inc. 93,222 4,051
Jones Lang LaSalle Inc. 23,752 4,047
American Capital Agency Corp. 186,831 3,985
* Arch Capital Group Ltd. 64,687 3,985
Raymond James Financial Inc. 67,242 3,818
Alexandria Real Estate Equities Inc. 38,049 3,730
Torchmark Corp. 67,825 3,725
New York Community Bancorp Inc. 222,376 3,720
Iron Mountain Inc. 99,981 3,647
Lazard Ltd. Class A 67,963 3,574
Camden Property Trust 45,646 3,566
SEI Investments Co. 79,769 3,517
* Realogy Holdings Corp. 77,082 3,506
MSCI Inc. Class A 56,181 3,444
Reinsurance Group of America Inc. Class A 36,389 3,391
Legg Mason Inc. 59,741 3,298
NASDAQ OMX Group Inc. 61,876 3,152
Everest Re Group Ltd. 17,974 3,128
Zions Bancorporation 107,742 2,909
PartnerRe Ltd. 24,624 2,815
WR Berkley Corp. 53,724 2,714
Axis Capital Holdings Ltd. 51,382 2,650
Hudson City Bancorp Inc. 252,493 2,646
People's United Financial Inc. 162,327 2,467
Brixmor Property Group Inc. 86,945 2,308
* Synchrony Financial 66,060 2,005
* Alleghany Corp. 4,063 1,979
LPL Financial Holdings Inc. 44,543 1,954
* Berkshire Hathaway Inc. Class A 6 1,305
Santander Consumer USA Holdings Inc. 54,800 1,268
Assurant Inc. 18,509 1,137

 

 

* Genworth Financial Inc. Class A 132,147 966
* LendingClub Corp. 39,134 769
    1,829,564
Health Care (14.1%)    
Johnson & Johnson 1,472,835 148,167
Pfizer Inc. 3,333,663 115,978
Merck & Co. Inc. 1,508,445 86,705
* Gilead Sciences Inc. 788,945 77,419
Amgen Inc. 402,415 64,326
* Actavis plc 208,693 62,111
UnitedHealth Group Inc. 505,185 59,758
Medtronic plc 753,867 58,794
Bristol-Myers Squibb Co. 880,511 56,793
* Biogen Inc. 124,276 52,474
* Celgene Corp. 422,669 48,725
AbbVie Inc. 800,883 46,884
Eli Lilly & Co. 530,268 38,524
Abbott Laboratories 796,870 36,919
* Express Scripts Holding Co. 384,976 33,404
Thermo Fisher Scientific Inc. 210,125 28,228
Anthem Inc. 141,255 21,811
Aetna Inc. 186,151 19,831
Baxter International Inc. 286,578 19,631
* Alexion Pharmaceuticals Inc. 107,125 18,565
* Regeneron Pharmaceuticals Inc. 39,561 17,861
Cigna Corp. 136,846 17,713
Becton Dickinson and Co. 110,534 15,872
Stryker Corp. 170,241 15,705
* Mylan NV 258,485 15,341
* Vertex Pharmaceuticals Inc. 127,179 15,003
Humana Inc. 79,248 14,108
* Illumina Inc. 75,210 13,962
* HCA Holdings Inc. 167,101 12,571
* Boston Scientific Corp. 701,755 12,456
Perrigo Co. plc 74,112 12,269
Zoetis Inc. 240,454 11,131
Zimmer Holdings Inc. 89,711 10,543
* BioMarin Pharmaceutical Inc. 82,578 10,291
St. Jude Medical Inc. 151,405 9,902
* Intuitive Surgical Inc. 19,161 9,677
* DaVita HealthCare Partners Inc. 108,140 8,790
* Pharmacyclics Inc. 31,983 8,186
* Edwards Lifesciences Corp. 56,678 8,074
* Endo International plc 87,863 7,881
* Hospira Inc. 89,422 7,855
* Mallinckrodt plc 61,559 7,797
* Incyte Corp. 80,418 7,371
* Laboratory Corp. of America Holdings 52,702 6,645
CR Bard Inc. 39,656 6,636
* Henry Schein Inc. 44,567 6,223
Quest Diagnostics Inc. 76,548 5,883
Universal Health Services Inc. Class B 48,520 5,711
* Salix Pharmaceuticals Ltd. 32,063 5,541
ResMed Inc. 73,604 5,283
* Jazz Pharmaceuticals plc 30,376 5,249
* Waters Corp. 41,914 5,211
* Medivation Inc. 39,361 5,080

 

 

* Varian Medical Systems Inc. 52,889 4,976
* Hologic Inc. 125,025 4,129
* IDEXX Laboratories Inc. 25,135 3,883
DENTSPLY International Inc. 74,949 3,814
* Envision Healthcare Holdings Inc. 97,404 3,736
* Quintiles Transnational Holdings Inc. 37,300 2,498
* Alkermes plc 39,037 2,380
Patterson Cos. Inc. 46,964 2,291
* Intercept Pharmaceuticals Inc. 4,108 1,159
    1,451,734
Industrials (11.5%)    
General Electric Co. 5,313,334 131,824
3M Co. 336,190 55,455
United Technologies Corp. 456,512 53,503
Union Pacific Corp. 466,769 50,556
Boeing Co. 336,556 50,510
Honeywell International Inc. 393,618 41,058
United Parcel Service Inc. Class B 376,887 36,535
Accenture plc Class A 332,129 31,117
Lockheed Martin Corp. 142,136 28,848
Danaher Corp. 316,124 26,839
Caterpillar Inc. 320,142 25,621
FedEx Corp. 142,334 23,549
Automatic Data Processing Inc. 251,691 21,555
Emerson Electric Co. 362,970 20,551
General Dynamics Corp. 149,120 20,240
Raytheon Co. 163,051 17,813
CSX Corp. 528,685 17,510
Northrop Grumman Corp. 105,059 16,910
Norfolk Southern Corp. 163,639 16,842
Eaton Corp. plc 247,796 16,835
Illinois Tool Works Inc. 171,497 16,659
Precision Castparts Corp. 75,423 15,839
Deere & Co. 179,815 15,768
TE Connectivity Ltd. 215,069 15,403
* LinkedIn Corp. Class A 57,340 14,327
Waste Management Inc. 243,223 13,190
Cummins Inc. 91,840 12,733
Sherwin-Williams Co. 43,152 12,277
PACCAR Inc. 187,296 11,826
* Fiserv Inc. 128,947 10,238
Fidelity National Information Services Inc. 150,286 10,228
Amphenol Corp. Class A 163,580 9,640
Ingersoll-Rand plc 140,258 9,549
Tyco International plc 221,090 9,520
* Alliance Data Systems Corp. 32,103 9,511
Roper Industries Inc. 52,913 9,101
Parker-Hannifin Corp. 75,383 8,954
Paychex Inc. 172,618 8,564
Rockwell Automation Inc. 72,001 8,351
WW Grainger Inc. 32,478 7,659
Xerox Corp. 573,692 7,372
Agilent Technologies Inc. 176,183 7,320
AMETEK Inc. 129,965 6,828
Rockwell Collins Inc. 70,219 6,780
* Stericycle Inc. 44,924 6,309
* FleetCor Technologies Inc. 41,266 6,228

 

 

  Pentair plc 98,620 6,202
  Dover Corp. 87,699 6,062
  Kansas City Southern 58,476 5,969
  Vulcan Materials Co. 69,849 5,888
  Fastenal Co. 141,198 5,851
  Textron Inc. 131,273 5,819
  Pall Corp. 56,466 5,669
  CH Robinson Worldwide Inc. 77,364 5,665
  TransDigm Group Inc. 25,261 5,525
* Verisk Analytics Inc. Class A 75,346 5,380
  Republic Services Inc. Class A 132,000 5,354
  Ball Corp. 72,506 5,122
* Sensata Technologies Holding NV 89,061 5,117
  L-3 Communications Holdings Inc. 40,461 5,090
  Masco Corp. 188,752 5,040
* Mettler-Toledo International Inc. 15,123 4,970
  Towers Watson & Co. Class A 37,042 4,896
  Sealed Air Corp. 106,292 4,843
* United Rentals Inc. 52,703 4,804
  Rock-Tenn Co. Class A 74,193 4,785
  Martin Marietta Materials Inc. 33,817 4,728
  Expeditors International of Washington Inc. 97,171 4,682
  Wabtec Corp. 48,478 4,606
  Fluor Corp. 78,261 4,473
  MeadWestvaco Corp. 88,028 4,390
  JB Hunt Transport Services Inc. 49,527 4,229
  Robert Half International Inc. 68,411 4,140
  Flowserve Corp. 72,350 4,087
  Cintas Corp. 49,373 4,030
* Crown Holdings Inc. 73,493 3,970
  ADT Corp. 92,215 3,829
  ManpowerGroup Inc. 41,994 3,618
  B/E Aerospace Inc. 55,606 3,538
* Trimble Navigation Ltd. 136,726 3,445
  Xylem Inc. 96,220 3,370
  Avnet Inc. 72,462 3,225
* Quanta Services Inc. 112,241 3,202
* Arrow Electronics Inc. 51,204 3,131
* Jacobs Engineering Group Inc. 69,123 3,122
  Hubbell Inc. Class B 27,499 3,014
  Allison Transmission Holdings Inc. 93,837 2,997
  Chicago Bridge & Iron Co. NV 57,475 2,831
  Donaldson Co. Inc. 73,151 2,759
  Owens Corning 58,974 2,559
  FLIR Systems Inc. 74,648 2,335
* Colfax Corp. 45,877 2,190
  MDU Resources Group Inc. 97,354 2,078
  Joy Global Inc. 52,017 2,038
  Fortune Brands Home & Security Inc. 41,911 1,990
* Owens-Illinois Inc. 43,227 1,008
  AGCO Corp. 20,500 977
      1,182,487
Oil & Gas (7.9%)    
  Exxon Mobil Corp. 2,222,011 188,871
  Chevron Corp. 995,981 104,558
  Schlumberger Ltd. 676,881 56,479
  ConocoPhillips 651,254 40,547

 

 

Kinder Morgan Inc. 902,674 37,966
Occidental Petroleum Corp. 410,459 29,964
EOG Resources Inc. 290,050 26,595
Phillips 66 287,900 22,629
Anadarko Petroleum Corp. 268,053 22,197
Halliburton Co. 425,762 18,682
Williams Cos. Inc. 356,117 18,016
Valero Energy Corp. 275,671 17,538
Marathon Petroleum Corp. 148,217 15,176
Baker Hughes Inc. 228,736 14,543
Pioneer Natural Resources Co. 78,849 12,893
Spectra Energy Corp. 354,740 12,831
Devon Energy Corp. 205,483 12,393
Apache Corp. 199,078 12,010
National Oilwell Varco Inc. 217,172 10,856
Noble Energy Inc. 204,325 9,991
Hess Corp. 142,482 9,670
Marathon Oil Corp. 357,489 9,334
* Cheniere Energy Inc. 112,823 8,733
* Concho Resources Inc. 62,885 7,290
EQT Corp. 80,151 6,642
Cabot Oil & Gas Corp. 218,114 6,441
Tesoro Corp. 66,790 6,097
Cimarex Energy Co. 46,093 5,305
* Cameron International Corp. 104,559 4,718
* Southwestern Energy Co. 201,422 4,671
* FMC Technologies Inc. 123,791 4,582
* Weatherford International plc 367,722 4,523
Chesapeake Energy Corp. 316,180 4,477
Range Resources Corp. 84,554 4,400
HollyFrontier Corp. 103,859 4,182
Murphy Oil Corp. 89,518 4,172
Helmerich & Payne Inc. 54,462 3,707
* Whiting Petroleum Corp. 108,396 3,349
OGE Energy Corp. 105,239 3,327
* Dresser-Rand Group Inc. 40,703 3,270
Oceaneering International Inc. 55,412 2,988
^ Transocean Ltd. 181,309 2,660
Ensco plc Class A 123,883 2,610
Energen Corp. 38,842 2,564
Core Laboratories NV 23,117 2,416
* Continental Resources Inc. 49,118 2,145
Noble Corp. plc 133,358 1,904
* Antero Resources Corp. 36,470 1,288
* Cobalt International Energy Inc. 86,779 817
Diamond Offshore Drilling Inc. 16,414 440
    813,457
Technology (16.4%)    
Apple Inc. 3,085,525 383,932
Microsoft Corp. 3,911,206 159,010
* Facebook Inc. Class A 1,125,454 92,529
* Google Inc. Class A 151,996 84,312
* Google Inc. Class C 153,393 84,059
International Business Machines Corp. 523,709 84,055
Intel Corp. 2,508,978 78,456
Oracle Corp. 1,744,647 75,281
Cisco Systems Inc. 2,705,599 74,472

 

 

QUALCOMM Inc. 873,766 60,587
Texas Instruments Inc. 554,622 31,716
Hewlett-Packard Co. 968,052 30,164
EMC Corp. 1,076,236 27,509
* salesforce.com inc 317,352 21,202
* Cognizant Technology Solutions Corp. Class A 322,094 20,095
* Yahoo! Inc. 451,376 20,057
* Adobe Systems Inc. 250,670 18,535
Avago Technologies Ltd. Class A 135,830 17,248
* Micron Technology Inc. 567,875 15,406
Corning Inc. 678,203 15,382
Applied Materials Inc. 644,383 14,537
Intuit Inc. 139,587 13,534
* Twitter Inc. 268,485 13,446
Broadcom Corp. Class A 286,637 12,410
* Cerner Corp. 162,659 11,916
Western Digital Corp. 116,764 10,627
Analog Devices Inc. 166,172 10,469
Skyworks Solutions Inc. 100,996 9,927
Seagate Technology plc 164,355 8,551
Symantec Corp. 364,701 8,521
* Red Hat Inc. 99,555 7,541
SanDisk Corp. 112,835 7,179
* Autodesk Inc. 120,242 7,051
Altera Corp. 161,147 6,915
Motorola Solutions Inc. 103,309 6,888
* Catamaran Corp. 109,755 6,535
* Akamai Technologies Inc. 89,482 6,357
* Qorvo Inc. 78,473 6,254
Linear Technology Corp. 126,431 5,917
Xilinx Inc. 139,847 5,916
Lam Research Corp. 83,976 5,898
NetApp Inc. 164,605 5,837
NVIDIA Corp. 273,023 5,713
* ServiceNow Inc. 70,777 5,576
* Citrix Systems Inc. 85,191 5,441
CA Inc. 164,744 5,372
* Palo Alto Networks Inc. 36,188 5,286
Maxim Integrated Products Inc. 149,639 5,209
KLA-Tencor Corp. 87,144 5,080
Microchip Technology Inc. 101,180 4,948
Computer Sciences Corp. 74,367 4,855
Juniper Networks Inc. 204,817 4,625
* F5 Networks Inc. 39,200 4,506
* Workday Inc. Class A 52,250 4,410
Harris Corp. 55,467 4,369
* VeriSign Inc. 64,248 4,303
* ANSYS Inc. 48,649 4,290
* Synopsys Inc. 82,439 3,819
* Gartner Inc. 44,121 3,700
* VMware Inc. Class A 44,860 3,679
* Teradata Corp. 81,138 3,581
* Splunk Inc. 53,938 3,193
Marvell Technology Group Ltd. 217,207 3,193
* Rackspace Hosting Inc. 60,793 3,136
Garmin Ltd. 60,739 2,886
* FireEye Inc. 51,868 2,036

 

 

* Nuance Communications Inc. 134,413 1,929
* NetSuite Inc. 18,333 1,701
* Freescale Semiconductor Ltd. 28,266 1,152
* Cree Inc. 31,341 1,112
* Premier Inc. Class A 19,329 726
* IMS Health Holdings Inc. 26,573 719
    1,696,778
Telecommunications (2.3%)    
Verizon Communications Inc. 2,201,225 107,046
AT&T Inc. 2,744,635 89,612
CenturyLink Inc. 301,890 10,430
* SBA Communications Corp. Class A 68,298 7,998
* Level 3 Communications Inc. 141,965 7,643
* T-Mobile US Inc. 149,149 4,727
Frontier Communications Corp. 528,729 3,728
Windstream Holdings Inc. 317,882 2,352
* Sprint Corp. 417,975 1,981
    235,517
Utilities (3.0%)    
Duke Energy Corp. 374,416 28,748
NextEra Energy Inc. 234,952 24,447
Dominion Resources Inc. 309,111 21,907
Southern Co. 476,224 21,087
Exelon Corp. 454,935 15,290
American Electric Power Co. Inc. 258,625 14,548
Sempra Energy 123,814 13,498
PG&E Corp. 251,383 13,341
PPL Corp. 351,837 11,843
Public Service Enterprise Group Inc. 267,900 11,230
Edison International 172,417 10,771
Consolidated Edison Inc. 155,174 9,466
Xcel Energy Inc. 267,948 9,327
Eversource Energy 167,498 8,462
FirstEnergy Corp. 222,616 7,805
DTE Energy Co. 93,598 7,552
Entergy Corp. 95,337 7,388
NiSource Inc. 167,189 7,383
Wisconsin Energy Corp. 119,414 5,911
Ameren Corp. 128,331 5,416
ONEOK Inc. 110,336 5,323
American Water Works Co. Inc. 94,651 5,131
CMS Energy Corp. 145,797 5,090
* Calpine Corp. 206,567 4,724
NRG Energy Inc. 178,478 4,496
CenterPoint Energy Inc. 216,336 4,415
AES Corp. 340,159 4,371
SCANA Corp. 67,911 3,734
Pinnacle West Capital Corp. 58,261 3,714
Alliant Energy Corp. 58,700 3,698
Pepco Holdings Inc. 133,253 3,575
Integrys Energy Group Inc. 42,227 3,041
National Fuel Gas Co. 42,188 2,545
    309,277
Total Common Stocks (Cost $6,794,065)   10,289,272

 

 

  Coupon      
Temporary Cash Investments (0.1%)1        
Money Market Fund (0.1%)        
2,3 Vanguard Market Liquidity Fund 0.128%   6,229,000 6,229
 
      Face  
    Maturity Amount  
    Date ($000)  
U.S. Government and Agency Obligations (0.0%)        
4 Federal Home Loan Bank Discount Notes 0.120% 4/6/15 1,000 1,000
4,5 Federal Home Loan Bank Discount Notes 0.070% 4/10/15 500 500
4,5 Federal Home Loan Bank Discount Notes 0.063% 4/29/15 500 500
4,5 Federal Home Loan Bank Discount Notes 0.135% 8/5/15 100 100
        2,100
Total Temporary Cash Investments (Cost $8,329)       8,329
Total Investments (99.9%) (Cost $6,802,394)       10,297,601
Other Assets and Liabilities-Net (0.1%)3       10,956
Net Assets (100%)       10,308,557

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $6,031,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 100.0% and -0.1%, respectively, of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
3 Includes $6,229,000 of collateral received for securities on loan.
4 The issuer operates under a congressional charter; its securities are generally neither guaranteed by the U.S.
Treasury nor backed by the full faith and credit of the U.S. government.
5 Securities with a value of $800,000 have been segregated as initial margin for open futures contracts.
REIT—Real Estate Investment Trust.

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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

B. Various inputs may be used to determine the value of the fund's investments. 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).

 

Large-Cap Index Fund

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 10,289,272 — —
Temporary Cash Investments 6,229 2,100 —
Futures Contracts—Liabilities1 (118) — —
Total 10,295,383 2,100 —
1 Represents variation margin on the last day of the reporting period.

 

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

      ($000)
      Aggregate  
    Number of Settlement Unrealized
    Long (Short) Value Long Appreciation
Futures Contracts Expiration Contracts (Short) (Depreciation) 
E-mini S&P 500 Index June 2015 135 13,910 (8)
S&P 500 Index June 2015 9 4,637 (16)
        (24)

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.

D. At March 31, 2015, the cost of investment securities for tax purposes was $6,802,394,000. Net unrealized appreciation of investment securities for tax purposes was $3,495,207,000, consisting of

 

Large-Cap Index Fund

unrealized gains of $3,642,731,000 on securities that had risen in value since their purchase and $147,524,000 in unrealized losses on securities that had fallen in value since their purchase.


Vanguard Mid-Cap Index Fund

Schedule of Investments
As of March 31, 2015

    Market
    Value
  Shares ($000)
Common Stocks (99.7%)1    
Basic Materials (4.2%)    
Sigma-Aldrich Corp. 2,283,265 315,661
Alcoa Inc. 23,367,706 301,911
CF Industries Holdings Inc. 915,910 259,825
International Flavors & Fragrances Inc. 1,547,971 181,732
Eastman Chemical Co. 2,555,574 176,999
Ashland Inc. 1,324,154 168,578
Celanese Corp. Class A 2,923,253 163,293
FMC Corp. 2,547,741 145,858
Airgas Inc. 1,292,439 137,141
* WR Grace & Co. 1,318,466 130,357
CONSOL Energy Inc. 4,402,172 122,777
Albemarle Corp. 2,151,160 113,667
Newmont Mining Corp. 4,770,316 103,564
Avery Dennison Corp. 1,732,055 91,643
Huntsman Corp. 3,986,693 88,385
Reliance Steel & Aluminum Co. 1,419,718 86,716
Westlake Chemical Corp. 762,314 54,841
* Axalta Coating Systems Ltd. 1,096,523 30,286
    2,673,234
Consumer Goods (14.5%)    
Delphi Automotive plc 5,549,752 442,537
* Monster Beverage Corp. 2,884,453 399,194
* Constellation Brands Inc. Class A 3,089,250 359,002
* Electronic Arts Inc. 5,631,035 331,189
Whirlpool Corp. 1,493,199 301,716
ConAgra Foods Inc. 8,142,908 297,460
Dr Pepper Snapple Group Inc. 3,689,093 289,520
Clorox Co. 2,507,924 276,850
* Under Armour Inc. Class A 3,389,910 273,735
BorgWarner Inc. 4,329,133 261,826
Genuine Parts Co. 2,773,392 258,452
Hanesbrands Inc. 7,662,652 256,776
Harley-Davidson Inc. 4,044,014 245,633
Keurig Green Mountain Inc. 2,163,647 241,744
* TRW Automotive Holdings Corp. 2,198,056 230,466
Tyson Foods Inc. Class A 5,822,939 223,019
* Mohawk Industries Inc. 1,184,578 220,035
Coach Inc. 5,273,457 218,479
Bunge Ltd. 2,637,085 217,190
JM Smucker Co. 1,849,231 214,012
Church & Dwight Co. Inc. 2,496,184 213,224
Molson Coors Brewing Co. Class B 2,802,221 208,625
Newell Rubbermaid Inc. 5,182,921 202,497
* Jarden Corp. 3,493,966 184,831
Coca-Cola Enterprises Inc. 4,058,173 179,371
DR Horton Inc. 6,287,295 179,062
^ Lennar Corp. Class A 3,255,313 168,658
PVH Corp. 1,576,247 167,965

 

 

  Lear Corp. 1,491,679 165,308
  Energizer Holdings Inc. 1,187,960 163,998
  McCormick & Co. Inc. 2,112,344 162,883
  Polaris Industries Inc. 1,141,048 161,002
  Ralph Lauren Corp. Class A 1,174,451 154,440
  Mattel Inc. 6,466,763 147,766
  Hormel Foods Corp. 2,520,072 143,266
  PulteGroup Inc. 6,335,327 140,834
* WABCO Holdings Inc. 1,117,590 137,330
  Hasbro Inc. 2,138,953 135,267
  Leucadia National Corp. 5,987,065 133,452
* LKQ Corp. 5,214,080 133,272
* lululemon athletica Inc. 1,894,923 121,313
* NVR Inc. 73,518 97,680
  Harman International Industries Inc. 656,272 87,698
* Fossil Group Inc. 819,028 67,529
  Avon Products Inc. 4,161,104 33,247
  Coty Inc. Class A 1,224,881 29,728
^ Pilgrim's Pride Corp. 991,034 22,388
*,^ GoPro Inc. Class A 368,286 15,987
  Lennar Corp. Class B 82,620 3,396
      9,320,852
Consumer Services (13.7%)    
  AmerisourceBergen Corp. Class A 3,988,618 453,386
  Ross Stores Inc. 3,786,621 398,958
* O'Reilly Automotive Inc. 1,842,514 398,425
* Chipotle Mexican Grill Inc. Class A 593,097 385,833
* Charter Communications Inc. Class A 1,605,925 310,120
* Dollar Tree Inc. 3,735,163 303,090
  Marriott International Inc. Class A 3,700,894 297,256
* CarMax Inc. 4,015,030 277,077
  Nielsen NV 5,678,366 253,085
* United Continental Holdings Inc. 3,672,908 247,003
  L Brands Inc. 2,378,058 224,227
  Royal Caribbean Cruises Ltd. 2,729,189 223,384
  Tractor Supply Co. 2,603,814 221,480
  Nordstrom Inc. 2,727,817 219,098
* Dollar General Corp. 2,900,502 218,640
  Best Buy Co. Inc. 5,700,043 215,405
  Signet Jewelers Ltd. 1,532,790 212,736
  Advance Auto Parts Inc. 1,395,499 208,892
  Wyndham Worldwide Corp. 2,304,838 208,519
  Staples Inc. 12,231,987 199,198
  Tiffany & Co. 2,102,067 185,003
* Ulta Salon Cosmetics & Fragrance Inc. 1,169,012 176,345
* TripAdvisor Inc. 2,114,580 175,870
  Interpublic Group of Cos. Inc. 7,883,170 174,376
  Expedia Inc. 1,851,213 174,255
* Hertz Global Holdings Inc. 7,877,222 170,778
  H&R Block Inc. 5,260,661 168,709
  Family Dollar Stores Inc. 2,078,553 164,705
* Discovery Communications Inc. 5,159,342 152,072
* MGM Resorts International 7,042,012 148,093
  Darden Restaurants Inc. 2,134,346 147,996
* News Corp. Class A 9,175,831 146,905
* IHS Inc. Class A 1,249,161 142,105
  Williams-Sonoma Inc. 1,584,460 126,297

 

 

FactSet Research Systems Inc. 757,802 120,642
* Liberty Interactive Corp. Class A 4,060,075 118,514
* Norwegian Cruise Line Holdings Ltd. 2,185,335 118,030
Scripps Networks Interactive Inc. Class A 1,473,813 101,045
Aramark 3,171,513 100,315
* AutoNation Inc. 1,413,035 90,901
* Discovery Communications Inc. Class A 2,844,999 87,512
* Urban Outfitters Inc. 1,889,767 86,268
Foot Locker Inc. 1,359,802 85,667
Tribune Media Co. Class A 1,381,630 84,017
* Sprouts Farmers Market Inc. 2,326,630 81,967
* Hyatt Hotels Corp. Class A 670,197 39,689
* News Corp. Class B 209,094 3,318
Extended Stay America Inc. 39 1
    8,847,207
Financials (17.8%)    
AvalonBay Communities Inc. 2,524,555 439,904
Moody's Corp. 3,875,303 402,256
Hartford Financial Services Group Inc. 8,249,335 344,987
M&T Bank Corp. 2,286,916 290,438
Principal Financial Group Inc. 5,622,897 288,848
Lincoln National Corp. 4,901,808 281,658
Essex Property Trust Inc. 1,222,479 281,048
Health Care REIT Inc. 3,316,182 256,540
Macerich Co. 3,021,223 254,780
Equinix Inc. 1,050,194 244,538
Regions Financial Corp. 25,674,157 242,621
SL Green Realty Corp. 1,885,542 242,066
KeyCorp 16,562,855 234,530
* Affiliated Managers Group Inc. 1,049,510 225,414
Realty Income Corp. 4,302,470 222,007
Equifax Inc. 2,284,329 212,443
* CBRE Group Inc. Class A 5,409,225 209,391
Western Union Co. 9,969,164 207,458
Kimco Realty Corp. 7,472,474 200,636
* Markel Corp. 253,527 194,952
Federal Realty Investment Trust 1,312,705 193,243
Annaly Capital Management Inc. 18,116,574 188,412
Voya Financial Inc. 4,362,834 188,082
FNF Group 5,028,258 184,839
XL Group plc Class A 4,879,677 179,572
American Realty Capital Properties Inc. 17,681,821 174,166
* Ally Financial Inc. 8,260,645 173,308
Huntington Bancshares Inc. 15,486,338 171,124
Digital Realty Trust Inc. 2,592,956 171,031
UDR Inc. 4,947,077 168,349
Unum Group 4,806,758 162,132
Navient Corp. 7,842,673 159,442
Cincinnati Financial Corp. 2,973,086 158,406
Comerica Inc. 3,409,867 153,887
CIT Group Inc. 3,364,649 151,813
First Republic Bank 2,643,391 150,911
Willis Group Holdings plc 3,088,100 148,785
Plum Creek Timber Co. Inc. 3,365,904 146,249
Jones Lang LaSalle Inc. 856,836 146,005
American Capital Agency Corp. 6,744,596 143,862
* Arch Capital Group Ltd. 2,313,251 142,496

 

 

Raymond James Financial Inc. 2,456,646 139,488
Torchmark Corp. 2,459,391 135,070
Alexandria Real Estate Equities Inc. 1,377,044 135,005
New York Community Bancorp Inc. 8,039,459 134,500
Iron Mountain Inc. 3,609,447 131,673
Lazard Ltd. Class A 2,461,723 129,462
* Realogy Holdings Corp. 2,798,780 127,288
SEI Investments Co. 2,870,530 126,562
MSCI Inc. Class A 2,034,623 124,743
Camden Property Trust 1,574,904 123,047
Reinsurance Group of America Inc. Class A 1,314,150 122,466
Legg Mason Inc. 2,153,721 118,885
NASDAQ OMX Group Inc. 2,260,238 115,137
Everest Re Group Ltd. 649,016 112,929
Zions Bancorporation 3,879,542 104,748
PartnerRe Ltd. 906,304 103,618
WR Berkley Corp. 1,940,936 98,037
Hudson City Bancorp Inc. 9,104,018 95,410
Axis Capital Holdings Ltd. 1,831,317 94,459
People's United Financial Inc. 5,894,549 89,597
Brixmor Property Group Inc. 3,138,045 83,315
* Alleghany Corp. 145,372 70,796
LPL Financial Holdings Inc. 1,568,734 68,805
Santander Consumer USA Holdings Inc. 2,004,029 46,373
Assurant Inc. 658,626 40,446
* Genworth Financial Inc. Class A 4,749,911 34,722
* LendingClub Corp. 1,416,014 27,825
    11,467,035
Health Care (9.9%)    
* Boston Scientific Corp. 25,437,717 451,519
* BioMarin Pharmaceutical Inc. 3,005,604 374,558
* DaVita HealthCare Partners Inc. 3,903,111 317,245
* Pharmacyclics Inc. 1,162,658 297,582
* Edwards Lifesciences Corp. 2,061,653 293,703
* Hospira Inc. 3,271,009 287,325
* Endo International plc 3,179,929 285,240
* Mallinckrodt plc 2,226,949 282,043
* Mylan NV 4,668,581 277,080
* Incyte Corp. 2,955,484 270,900
* Laboratory Corp. of America Holdings 1,907,948 240,573
CR Bard Inc. 1,419,734 237,592
* Henry Schein Inc. 1,602,055 223,679
Perrigo Co. plc 1,345,790 222,796
Quest Diagnostics Inc. 2,758,961 212,026
Universal Health Services Inc. Class B 1,752,725 206,313
ResMed Inc. 2,687,159 192,884
* Jazz Pharmaceuticals plc 1,101,606 190,347
* Waters Corp. 1,512,475 188,031
* Medivation Inc. 1,420,810 183,384
* Varian Medical Systems Inc. 1,913,125 180,006
* Hologic Inc. 4,549,282 150,240
* IDEXX Laboratories Inc. 900,924 139,175
DENTSPLY International Inc. 2,683,180 136,547
* Envision Healthcare Holdings Inc. 3,520,315 135,004
* Salix Pharmaceuticals Ltd. 572,033 98,853
* Quintiles Transnational Holdings Inc. 1,308,699 87,644
* Alkermes plc 1,417,106 86,401

 

 

  Patterson Cos. Inc. 1,676,399 81,792
*,^ Intercept Pharmaceuticals Inc. 148,255 41,811
  Becton Dickinson and Co. 2,996 430
      6,372,723
Industrials (16.3%)    
  Fidelity National Information Services Inc. 5,424,868 369,217
* Fiserv Inc. 4,563,461 362,339
  Amphenol Corp. Class A 5,930,469 349,483
* Alliance Data Systems Corp. 1,162,775 344,472
  Roper Industries Inc. 1,918,592 329,998
  WW Grainger Inc. 1,173,195 276,651
  Rockwell Collins Inc. 2,529,074 244,182
  AMETEK Inc. 4,608,813 242,147
* Stericycle Inc. 1,623,567 227,997
* FleetCor Technologies Inc. 1,489,536 224,801
  Sherwin-Williams Co. 771,045 219,362
  Pentair plc 3,488,000 219,360
  Kansas City Southern 2,110,876 215,478
  Vulcan Materials Co. 2,517,958 212,264
  Textron Inc. 4,763,323 211,158
  Fastenal Co. 5,084,389 210,672
  CH Robinson Worldwide Inc. 2,796,669 204,772
  Pall Corp. 2,038,868 204,682
  TransDigm Group Inc. 906,939 198,366
* Verisk Analytics Inc. Class A 2,720,487 194,243
* Sensata Technologies Holding NV 3,237,044 185,968
  Ball Corp. 2,625,718 185,481
  L-3 Communications Holdings Inc. 1,419,971 178,618
  Masco Corp. 6,682,637 178,426
* Mettler-Toledo International Inc. 537,738 176,728
  Towers Watson & Co. Class A 1,329,961 175,801
  Sealed Air Corp. 3,835,101 174,727
  Rock-Tenn Co. Class A 2,674,998 172,537
  Martin Marietta Materials Inc. 1,220,526 170,630
* United Rentals Inc. 1,845,232 168,211
  Expeditors International of Washington Inc. 3,482,581 167,791
  Wabtec Corp. 1,749,811 166,250
  Fluor Corp. 2,825,410 161,500
  MeadWestvaco Corp. 3,201,071 159,637
  JB Hunt Transport Services Inc. 1,781,955 152,170
  Robert Half International Inc. 2,454,386 148,539
  Cintas Corp. 1,794,474 146,483
  Flowserve Corp. 2,575,403 145,484
* Crown Holdings Inc. 2,655,768 143,465
  ADT Corp. 3,272,089 135,857
  Xerox Corp. 10,099,935 129,784
  ManpowerGroup Inc. 1,496,936 128,961
  B/E Aerospace Inc. 2,013,186 128,079
* Trimble Navigation Ltd. 4,954,904 124,864
  Xylem Inc. 3,485,317 122,056
  Avnet Inc. 2,608,128 116,062
* Quanta Services Inc. 4,063,368 115,928
* Arrow Electronics Inc. 1,829,156 111,853
* Jacobs Engineering Group Inc. 2,453,780 110,813
  Allison Transmission Holdings Inc. 3,443,495 109,985
  Dover Corp. 1,559,147 107,768
  Hubbell Inc. Class B 981,860 107,631

 

 

^ Chicago Bridge & Iron Co. NV 2,064,878 101,716
  Donaldson Co. Inc. 2,625,025 98,990
  Owens Corning 2,141,039 92,921
  FLIR Systems Inc. 2,696,738 84,354
* Colfax Corp. 1,657,249 79,100
  MDU Resources Group Inc. 3,532,438 75,382
  Joy Global Inc. 1,862,314 72,965
  Fortune Brands Home & Security Inc. 1,517,304 72,042
* Owens-Illinois Inc. 1,570,599 36,626
  AGCO Corp. 747,746 35,623
      10,519,450
Oil & Gas (5.9%)    
* Cheniere Energy Inc. 4,072,981 315,249
* Concho Resources Inc. 2,275,219 263,743
  EQT Corp. 2,896,490 240,032
  Cabot Oil & Gas Corp. 7,896,263 233,177
  Tesoro Corp. 2,402,802 219,352
  Cimarex Energy Co. 1,674,712 192,743
* Southwestern Energy Co. 7,350,781 170,465
* Cameron International Corp. 3,703,620 167,107
* Weatherford International plc 13,322,610 163,868
* FMC Technologies Inc. 4,424,802 163,762
  Range Resources Corp. 3,067,747 159,645
  HollyFrontier Corp. 3,740,560 150,632
  Murphy Oil Corp. 3,223,700 150,224
  Helmerich & Payne Inc. 1,954,967 133,075
* Whiting Petroleum Corp. 3,909,311 120,798
  OGE Energy Corp. 3,813,610 120,548
* Dresser-Rand Group Inc. 1,465,962 117,790
  Oceaneering International Inc. 1,904,557 102,713
^ Transocean Ltd. 6,579,970 96,528
  Ensco plc Class A 4,478,454 94,361
  Energen Corp. 1,399,381 92,359
  Core Laboratories NV 829,278 86,651
  Chesapeake Energy Corp. 5,724,125 81,054
  Noble Corp. plc 4,824,566 68,895
*,^ Antero Resources Corp. 1,315,820 46,475
* Cobalt International Energy Inc. 3,237,764 30,467
^ Diamond Offshore Drilling Inc. 593,066 15,888
      3,797,601
Technology (11.2%)    
* Cerner Corp. 5,894,782 431,852
  Skyworks Solutions Inc. 3,648,127 358,574
  Seagate Technology plc 5,963,434 310,278
* Red Hat Inc. 3,506,528 265,620
* Autodesk Inc. 4,349,825 255,074
  Altera Corp. 5,752,628 246,845
* Catamaran Corp. 3,966,815 236,184
* Akamai Technologies Inc. 3,232,786 229,673
* Qorvo Inc. 2,838,437 226,223
  Linear Technology Corp. 4,572,967 214,015
  Lam Research Corp. 3,045,786 213,921
  Xilinx Inc. 4,998,233 211,425
  NVIDIA Corp. 9,871,931 206,570
* ServiceNow Inc. 2,551,682 201,022
* Citrix Systems Inc. 3,055,524 195,156

 

 

* Palo Alto Networks Inc. 1,308,887 191,202
  Western Digital Corp. 2,097,946 190,934
  Maxim Integrated Products Inc. 5,408,224 188,260
  KLA-Tencor Corp. 3,109,819 181,271
^ Microchip Technology Inc. 3,658,708 178,911
  Computer Sciences Corp. 2,696,499 176,027
  Juniper Networks Inc. 7,391,845 166,908
* Workday Inc. Class A 1,967,256 166,056
* F5 Networks Inc. 1,379,096 158,513
  Harris Corp. 1,990,467 156,769
* ANSYS Inc. 1,720,988 151,774
* VeriSign Inc. 2,234,526 149,646
* Synopsys Inc. 2,938,159 136,096
* Gartner Inc. 1,598,719 134,053
  SanDisk Corp. 2,036,117 129,538
* Teradata Corp. 2,925,008 129,110
* Splunk Inc. 1,970,492 116,653
  Marvell Technology Group Ltd. 7,816,925 114,909
* Rackspace Hosting Inc. 2,196,355 113,310
  Garmin Ltd. 2,201,057 104,594
*,^ FireEye Inc. 1,869,940 73,395
* Nuance Communications Inc. 4,977,667 71,430
* NetSuite Inc. 660,446 61,263
* Freescale Semiconductor Ltd. 1,025,414 41,796
*,^ Cree Inc. 1,067,656 37,891
* Premier Inc. Class A 715,116 26,874
* IMS Health Holdings Inc. 960,489 26,000
      7,175,615
Telecommunications (1.2%)    
* SBA Communications Corp. Class A 2,468,093 289,014
* Level 3 Communications Inc. 5,138,423 276,653
  Frontier Communications Corp. 19,165,336 135,115
  Windstream Holdings Inc. 11,534,558 85,356
      786,138
Utilities (5.0%)    
  Eversource Energy 6,056,738 305,986
  DTE Energy Co. 3,388,370 273,408
  NiSource Inc. 6,045,493 266,969
  Wisconsin Energy Corp. 4,311,483 213,419
  Ameren Corp. 4,638,700 195,753
  ONEOK Inc. 3,984,209 192,198
  American Water Works Co. Inc. 3,437,149 186,328
  CMS Energy Corp. 5,281,668 184,383
* Calpine Corp. 7,192,082 164,483
  NRG Energy Inc. 6,464,024 162,829
  CenterPoint Energy Inc. 7,806,190 159,324
  AES Corp. 12,089,730 155,353
  SCANA Corp. 2,452,726 134,875
  Pinnacle West Capital Corp. 2,113,972 134,766
  Alliant Energy Corp. 2,120,780 133,609
  Pepco Holdings Inc. 4,815,976 129,213
  Integrys Energy Group Inc. 1,529,282 110,139
  National Fuel Gas Co. 1,532,175 92,436
      3,195,471
Total Common Stocks (Cost $46,478,646)   64,155,326

 

 

        Market
        Value
  Coupon   Shares ($000)
Temporary Cash Investments (0.5%)1        
Money Market Fund (0.5%)        
2,3 Vanguard Market Liquidity Fund 0.128%   338,916,119 338,916
 
      Face  
    Maturity Amount  
    Date ($000)  
U.S. Government and Agency Obligations (0.0%)        
4,5 Fannie Mae Discount Notes 0.130% 4/27/15 5,000 4,999
5,6 Federal Home Loan Bank Discount Notes 0.135% 8/28/15 4,000 3,997
        8,996
Total Temporary Cash Investments (Cost $347,913)       347,912
Total Investments (100.2%) (Cost $46,826,559)       64,503,238
Other Assets and Liabilities-Net (-0.2%)3       (155,832)
Net Assets (100%)       64,347,406

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $132,960,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 99.8% and 0.4%, respectively, of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
3 Includes $137,804,000 of collateral received for securities on loan.
4 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
5 Securities with a value of $6,097,000 have been segregated as initial margin for open futures contracts.
6 The issuer operates under a congressional charter; its securities are generally neither guaranteed by the U.S.
Treasury nor backed by the full faith and credit of the U.S. government.
REIT—Real Estate Investment Trust.

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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

 

Mid-Cap Index Fund

B. Various inputs may be used to determine the value of the fund's investments. 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).

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 64,155,326 — —
Temporary Cash Investments 338,916 8,996 —
Futures Contracts—Assets1 481 — —
Futures Contracts—Liabilities1 (1,221) — —
Total 64,493,502 8,996 —
1 Represents variation margin on the last day of the reporting period.

 

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

 

Mid-Cap Index Fund

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

      ($000)
 
      Aggregate  
    Number of Settlement Unrealized
    Long (Short) Value Long Appreciation
Futures Contracts Expiration Contracts (Short) (Depreciation) 
E-mini S&P MidCap 400 Index June 2015 452 68,695 1,207

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.

D. At March 31, 2015, the cost of investment securities for tax purposes was $46,826,559,000. Net unrealized appreciation of investment securities for tax purposes was $17,679,679,000, consisting of unrealized gains of $18,871,600,000 on securities that had risen in value since their purchase and $1,194,921,000 in unrealized losses on securities that had fallen in value since their purchase.


Vanguard Mid-Cap Growth Index Fund

Schedule of Investments
As of March 31, 2015

    Market
    Value
  Shares ($000)
Common Stocks (99.7%)1    
Basic Materials (1.1%)    
FMC Corp. 536,843 30,734
Airgas Inc. 272,406 28,905
* Axalta Coating Systems Ltd. 230,867 6,377
Westlake Chemical Corp. 80,315 5,778
    71,794
Consumer Goods (12.6%)    
* Monster Beverage Corp. 607,659 84,097
* Constellation Brands Inc. Class A 650,846 75,635
* Electronic Arts Inc. 1,186,226 69,768
* Under Armour Inc. Class A 714,138 57,666
BorgWarner Inc. 912,002 55,158
Keurig Green Mountain Inc. 455,882 50,936
* Mohawk Industries Inc. 249,449 46,335
Church & Dwight Co. Inc. 525,606 44,897
* Jarden Corp. 735,689 38,918
McCormick & Co. Inc. 444,832 34,301
Polaris Industries Inc. 240,409 33,922
* WABCO Holdings Inc. 235,538 28,943
Leucadia National Corp. 1,261,484 28,118
* LKQ Corp. 1,098,582 28,080
Hanesbrands Inc. 807,287 27,052
Harley-Davidson Inc. 426,020 25,876
* lululemon athletica Inc. 399,344 25,566
* NVR Inc. 15,481 20,569
Harman International Industries Inc. 138,058 18,449
PVH Corp. 165,945 17,683
Ralph Lauren Corp. Class A 123,580 16,251
* Fossil Group Inc. 86,394 7,123
* GoPro Inc. Class A 77,812 3,378
    838,721
Consumer Services (18.4%)    
Ross Stores Inc. 797,719 84,048
* O'Reilly Automotive Inc. 388,123 83,928
* Chipotle Mexican Grill Inc. Class A 124,938 81,277
* Charter Communications Inc. Class A 338,177 65,305
* Dollar Tree Inc. 786,912 63,854
Marriott International Inc. Class A 779,694 62,625
* CarMax Inc. 845,850 58,372
L Brands Inc. 501,003 47,240
Tractor Supply Co. 548,283 46,637
Nordstrom Inc. 574,410 46,137
* Dollar General Corp. 610,712 46,035
Signet Jewelers Ltd. 322,771 44,797
Advance Auto Parts Inc. 293,861 43,988
Wyndham Worldwide Corp. 485,567 43,929
Tiffany & Co. 442,587 38,952
* Ulta Salon Cosmetics & Fragrance Inc. 246,151 37,132
* TripAdvisor Inc. 445,240 37,031

 

 

Expedia Inc. 389,789 36,691
* IHS Inc. Class A 263,265 29,949
Williams-Sonoma Inc. 333,847 26,611
FactSet Research Systems Inc. 159,461 25,386
* Liberty Interactive Corp. Class A 855,522 24,973
* Norwegian Cruise Line Holdings Ltd. 460,261 24,859
Scripps Networks Interactive Inc. Class A 310,223 21,269
* AutoNation Inc. 297,408 19,132
* Urban Outfitters Inc. 397,258 18,135
* Sprouts Farmers Market Inc. 489,461 17,244
* Discovery Communications Inc. 542,909 16,002
* MGM Resorts International 740,991 15,583
* Discovery Communications Inc. Class A 298,715 9,188
* Hyatt Hotels Corp. Class A 141,276 8,366
Extended Stay America Inc. 6 —
    1,224,675
Financials (11.6%)    
AvalonBay Communities Inc. 531,810 92,668
Moody's Corp. 816,422 84,745
Essex Property Trust Inc. 257,520 59,204
Health Care REIT Inc. 698,659 54,048
Equinix Inc. 221,235 51,515
* Affiliated Managers Group Inc. 221,090 47,486
* CBRE Group Inc. Class A 1,138,959 44,089
Federal Realty Investment Trust 276,403 40,689
American Realty Capital Properties Inc. 3,722,869 36,670
Digital Realty Trust Inc. 545,977 36,013
Alexandria Real Estate Equities Inc. 290,162 28,448
Lazard Ltd. Class A 518,729 27,280
* Realogy Holdings Corp. 589,733 26,821
Macerich Co. 316,946 26,728
SEI Investments Co. 604,878 26,669
MSCI Inc. Class A 428,762 26,287
Camden Property Trust 331,905 25,932
Brixmor Property Group Inc. 660,127 17,526
Raymond James Financial Inc. 258,510 14,678
* LendingClub Corp. 297,208 5,840
    773,336
Health Care (11.9%)    
* BioMarin Pharmaceutical Inc. 633,181 78,907
* DaVita HealthCare Partners Inc. 822,272 66,834
* Pharmacyclics Inc. 244,920 62,687
* Edwards Lifesciences Corp. 434,366 61,880
* Incyte Corp. 622,630 57,070
CR Bard Inc. 298,982 50,035
Perrigo Co. plc 283,400 46,917
* Salix Pharmaceuticals Ltd. 243,688 42,112
ResMed Inc. 566,155 40,639
* Jazz Pharmaceuticals plc 232,025 40,091
* Waters Corp. 318,444 39,589
* Medivation Inc. 299,169 38,614
* Varian Medical Systems Inc. 402,876 37,906
* IDEXX Laboratories Inc. 189,895 29,335
DENTSPLY International Inc. 565,411 28,774
* Envision Healthcare Holdings Inc. 741,764 28,447
* Quintiles Transnational Holdings Inc. 275,134 18,426

 

 

* Alkermes plc 298,250 18,184
* Intercept Pharmaceuticals Inc. 31,162 8,788
      795,235
Industrials (20.6%)    
  Amphenol Corp. Class A 1,249,270 73,620
* Alliance Data Systems Corp. 244,939 72,563
  Roper Industries Inc. 404,241 69,529
  WW Grainger Inc. 247,144 58,279
  AMETEK Inc. 970,894 51,011
* Stericycle Inc. 341,917 48,015
* FleetCor Technologies Inc. 313,804 47,359
  Sherwin-Williams Co. 162,434 46,213
  Pentair plc 734,431 46,188
  Kansas City Southern 444,720 45,397
  Vulcan Materials Co. 530,200 44,696
  Fastenal Co. 1,070,514 44,357
  CH Robinson Worldwide Inc. 589,229 43,143
  Pall Corp. 429,305 43,098
  TransDigm Group Inc. 190,951 41,765
* Verisk Analytics Inc. Class A 572,805 40,898
* Sensata Technologies Holding NV 681,562 39,156
* Fiserv Inc. 480,481 38,150
  Masco Corp. 1,407,061 37,569
* Mettler-Toledo International Inc. 113,227 37,212
  Rock-Tenn Co. Class A 563,287 36,332
  Martin Marietta Materials Inc. 257,137 35,948
* United Rentals Inc. 388,830 35,446
  Expeditors International of Washington Inc. 733,270 35,329
  Wabtec Corp. 368,473 35,009
  JB Hunt Transport Services Inc. 375,279 32,047
  Robert Half International Inc. 516,792 31,276
  B/E Aerospace Inc. 424,230 26,990
* Trimble Navigation Ltd. 1,044,025 26,309
* Quanta Services Inc. 855,851 24,417
^ Chicago Bridge & Iron Co. NV 435,188 21,437
  Donaldson Co. Inc. 553,160 20,860
* Colfax Corp. 348,689 16,643
  Flowserve Corp. 271,070 15,313
  Fortune Brands Home & Security Inc. 319,235 15,157
      1,376,731
Oil & Gas (5.9%)    
* Cheniere Energy Inc. 858,057 66,414
* Concho Resources Inc. 479,110 55,538
  EQT Corp. 610,186 50,566
  Cabot Oil & Gas Corp. 1,663,502 49,123
* FMC Technologies Inc. 931,657 34,481
  Range Resources Corp. 645,959 33,616
* Whiting Petroleum Corp. 823,686 25,452
* Dresser-Rand Group Inc. 308,773 24,810
  Oceaneering International Inc. 401,326 21,643
  Core Laboratories NV 174,580 18,242
*,^ Antero Resources Corp. 277,224 9,791
* Cobalt International Energy Inc. 675,006 6,352
      396,028
Technology (15.3%)    
* Cerner Corp. 1,241,732 90,969

 

 

  Skyworks Solutions Inc.     768,523 75,538
* Red Hat Inc.     738,730 55,959
* Autodesk Inc.     916,395 53,737
* Catamaran Corp.     835,707 49,758
* Akamai Technologies Inc.     681,032 48,384
* Qorvo Inc.     597,660 47,633
  Linear Technology Corp.     962,862 45,062
  Lam Research Corp.     641,332 45,044
* ServiceNow Inc.     537,337 42,331
* Citrix Systems Inc.     643,729 41,115
* Palo Alto Networks Inc.     275,836 40,294
  Microchip Technology Inc.     770,335 37,669
* Workday Inc. Class A     414,485 34,987
* F5 Networks Inc.     290,595 33,401
* ANSYS Inc.     362,623 31,980
* VeriSign Inc.     470,840 31,532
* Gartner Inc.     336,854 28,245
* Splunk Inc.     415,245 24,583
* Rackspace Hosting Inc.     462,681 23,870
  Xilinx Inc.     526,558 22,273
  NVIDIA Corp.     1,040,085 21,764
  KLA-Tencor Corp.     327,225 19,074
*,^ FireEye Inc.     393,406 15,441
  SanDisk Corp.     214,346 13,637
* Teradata Corp.     308,306 13,609
* NetSuite Inc.     139,141 12,907
* Freescale Semiconductor Ltd.     215,798 8,796
*,^ Cree Inc.     224,955 7,984
* Premier Inc. Class A     150,166 5,643
          1,023,219
Telecommunications (1.8%)        
* SBA Communications Corp. Class A     519,962 60,887
* Level 3 Communications Inc.     1,082,520 58,283
          119,170
Utilities (0.5%)        
* Calpine Corp.     1,514,362 34,634
 
Total Common Stocks (Cost $5,292,447)       6,653,543
    Coupon      
Temporary Cash Investments (0.5%)1        
Money Market Fund (0.4%)        
2,3 Vanguard Market Liquidity Fund 0.128%   29,439,798 29,440
 
        Face  
      Maturity Amount  
      Date ($000)  
U.S. Government and Agency Obligations (0.1%)        
4,5 Fannie Mae Discount Notes 0.130% 4/27/15 5,000 4,999
Total Temporary Cash Investments (Cost $34,439)       34,439
Total Investments (100.2%) (Cost $5,326,886)       6,687,982
Other Assets and Liabilities-Net (-0.2%)3       (13,466)
Net Assets (100%)       6,674,516

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $11,777,000.

 

1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 100.0% and 0.2%, respectively, of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
3 Includes $12,162,000 of collateral received for securities on loan.
4 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
5 Securities with a value of $1,100,000 have been segregated as initial margin for open futures contracts.
REIT—Real Estate Investment Trust.

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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

B. Various inputs may be used to determine the value of the fund's investments. 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).

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 6,653,543 — —
Temporary Cash Investments 29,440 4,999 —
Futures Contracts—Liabilities1 (82) — —
Total 6,682,901 4,999 —
1 Represents variation margin on the last day of the reporting period.

 

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. The primary risks associated with the use of

 

Mid-Cap Growth Index Fund

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.

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

      ($000)
 
    Number of Aggregate Unrealized
    Long (Short) Settlement Value Appreciation
Futures Contracts Expiration Contracts Long (Short) (Depreciation) 
E-mini S&P MidCap 400 Index June 2015 95 14,438 254
S&P 500 Index June 2015 6 3,091 (11)
E-mini S&P 500 Index June 2015 20 2,061 (6)
        237

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.

D. At March 31, 2015, the cost of investment securities for tax purposes was $5,326,886,000. Net unrealized appreciation of investment securities for tax purposes was $1,361,096,000, consisting of unrealized gains of $1,471,295,000 on securities that had risen in value since their purchase and $110,199,000 in unrealized losses on securities that had fallen in value since their purchase.


Vanguard Mid-Cap Value Index Fund

Schedule of Investments
As of March 31, 2015

    Market
    Value
  Shares ($000)
Common Stocks (99.7%)1    
Basic Materials (7.1%)    
Sigma-Aldrich Corp. 550,874 76,158
Alcoa Inc. 5,636,981 72,830
CF Industries Holdings Inc. 220,947 62,678
International Flavors & Fragrances Inc. 373,464 43,845
Eastman Chemical Co. 616,577 42,704
Ashland Inc. 319,461 40,671
Celanese Corp. Class A 705,220 39,394
* WR Grace & Co. 318,094 31,450
CONSOL Energy Inc. 1,062,036 29,620
Albemarle Corp. 518,841 27,416
Newmont Mining Corp. 1,150,450 24,976
Avery Dennison Corp. 417,414 22,085
Huntsman Corp. 958,994 21,261
Reliance Steel & Aluminum Co. 341,563 20,863
Westlake Chemical Corp. 91,566 6,587
    562,538
Consumer Goods (16.3%)    
Delphi Automotive plc 1,338,744 106,752
Whirlpool Corp. 360,296 72,801
ConAgra Foods Inc. 1,964,318 71,757
Dr Pepper Snapple Group Inc. 889,989 69,846
Clorox Co. 605,028 66,789
Genuine Parts Co. 669,093 62,353
* TRW Automotive Holdings Corp. 530,290 55,601
Tyson Foods Inc. Class A 1,404,673 53,799
Coach Inc. 1,272,116 52,704
Bunge Ltd. 636,239 52,401
JM Smucker Co. 446,128 51,630
Molson Coors Brewing Co. Class B 676,002 50,328
Newell Rubbermaid Inc. 1,250,344 48,851
Coca-Cola Enterprises Inc. 979,031 43,273
DR Horton Inc. 1,516,759 43,197
Lear Corp. 359,937 39,888
Energizer Holdings Inc. 286,661 39,574
Lennar Corp. Class A 761,939 39,476
Mattel Inc. 1,560,107 35,648
Hormel Foods Corp. 607,960 34,563
PulteGroup Inc. 1,528,390 33,976
Hasbro Inc. 516,051 32,635
Hanesbrands Inc. 924,247 30,972
Harley-Davidson Inc. 487,865 29,633
PVH Corp. 190,155 20,263
Ralph Lauren Corp. Class A 141,718 18,636
* Fossil Group Inc. 98,571 8,127
Avon Products Inc. 1,008,054 8,054
Coty Inc. Class A 295,514 7,172
^ Pilgrim's Pride Corp. 238,865 5,396

 

 

Lennar Corp. Class B 43,231 1,777
    1,287,872
Consumer Services (9.2%)    
AmerisourceBergen Corp. Class A 962,172 109,370
Nielsen NV 1,369,866 61,055
* United Continental Holdings Inc. 886,061 59,588
Royal Caribbean Cruises Ltd. 658,429 53,892
Best Buy Co. Inc. 1,375,071 51,964
Staples Inc. 2,950,730 48,053
Interpublic Group of Cos. Inc. 1,901,781 42,067
* Hertz Global Holdings Inc. 1,900,331 41,199
H&R Block Inc. 1,269,109 40,700
Family Dollar Stores Inc. 501,527 39,741
Darden Restaurants Inc. 514,915 35,704
* News Corp. Class A 2,065,120 33,063
Aramark 765,178 24,203
Foot Locker Inc. 327,147 20,610
Tribune Media Co. Class A 332,050 20,192
* Discovery Communications Inc. 621,219 18,311
* MGM Resorts International 847,945 17,832
* Discovery Communications Inc. Class A 341,818 10,514
* News Corp. Class B 198,909 3,157
    731,215
Financials (23.8%)    
Hartford Financial Services Group Inc. 1,989,948 83,220
M&T Bank Corp. 551,738 70,071
Principal Financial Group Inc. 1,356,470 69,682
Lincoln National Corp. 1,182,477 67,945
Regions Financial Corp. 6,193,387 58,528
SL Green Realty Corp. 454,875 58,397
KeyCorp 3,995,438 56,575
Realty Income Corp. 1,037,900 53,556
Equifax Inc. 551,123 51,254
Western Union Co. 2,404,935 50,047
Kimco Realty Corp. 1,802,639 48,401
* Markel Corp. 61,166 47,034
Annaly Capital Management Inc. 4,370,369 45,452
Voya Financial Inc. 1,052,496 45,373
FNF Group 1,213,008 44,590
XL Group plc Class A 1,177,228 43,322
* Ally Financial Inc. 1,992,835 41,810
Huntington Bancshares Inc. 3,735,856 41,281
UDR Inc. 1,193,461 40,613
Unum Group 1,159,618 39,114
Navient Corp. 1,891,956 38,463
Cincinnati Financial Corp. 717,276 38,216
Comerica Inc. 822,679 37,127
CIT Group Inc. 811,736 36,626
First Republic Bank 637,774 36,411
Willis Group Holdings plc 744,986 35,893
Plum Creek Timber Co. Inc. 812,003 35,282
Jones Lang LaSalle Inc. 206,745 35,229
American Capital Agency Corp. 1,627,101 34,706
* Arch Capital Group Ltd. 558,114 34,380
Torchmark Corp. 593,372 32,588
New York Community Bancorp Inc. 1,939,485 32,448

 

 

Iron Mountain Inc. 870,847 31,768
Macerich Co. 363,884 30,686
Reinsurance Group of America Inc. Class A 316,923 29,534
Legg Mason Inc. 519,587 28,681
NASDAQ OMX Group Inc. 545,082 27,766
Everest Re Group Ltd. 156,581 27,245
Zions Bancorporation 935,997 25,272
PartnerRe Ltd. 218,700 25,004
WR Berkley Corp. 468,342 23,656
Hudson City Bancorp Inc. 2,194,830 23,002
Axis Capital Holdings Ltd. 441,113 22,753
People's United Financial Inc. 1,420,416 21,590
* Alleghany Corp. 35,059 17,074
Raymond James Financial Inc. 295,824 16,797
LPL Financial Holdings Inc. 378,317 16,593
Santander Consumer USA Holdings Inc. 481,495 11,142
Assurant Inc. 158,312 9,722
* Genworth Financial Inc. Class A 1,151,577 8,418
    1,880,337
Health Care (8.2%)    
* Boston Scientific Corp. 6,136,208 108,918
* Hospira Inc. 789,060 69,311
* Endo International plc 767,134 68,812
* Mallinckrodt plc 537,226 68,040
* Mylan NV 1,126,271 66,844
* Laboratory Corp. of America Holdings 460,305 58,040
* Henry Schein Inc. 386,565 53,972
Quest Diagnostics Inc. 665,647 51,155
Universal Health Services Inc. Class B 422,888 49,778
* Hologic Inc. 1,097,453 36,243
Patterson Cos. Inc. 403,561 19,690
Becton Dickinson and Co. 3,032 435
    651,238
Industrials (12.2%)    
Fidelity National Information Services Inc. 1,308,726 89,072
Rockwell Collins Inc. 610,157 58,911
Textron Inc. 1,149,125 50,941
Ball Corp. 633,489 44,750
* Fiserv Inc. 550,438 43,705
L-3 Communications Holdings Inc. 342,553 43,090
Towers Watson & Co. Class A 320,928 42,422
Sealed Air Corp. 925,153 42,150
Fluor Corp. 681,645 38,963
MeadWestvaco Corp. 772,249 38,512
Cintas Corp. 432,963 35,343
* Crown Holdings Inc. 640,771 34,614
ADT Corp. 789,389 32,775
Xerox Corp. 2,436,532 31,309
ManpowerGroup Inc. 361,184 31,116
Xylem Inc. 840,826 29,446
Avnet Inc. 628,986 27,990
* Arrow Electronics Inc. 441,200 26,979
* Jacobs Engineering Group Inc. 591,757 26,724
Allison Transmission Holdings Inc. 830,404 26,523
Dover Corp. 376,055 25,993
Hubbell Inc. Class B 236,782 25,956

 

 

  Owens Corning 515,048 22,353
  FLIR Systems Inc. 648,725 20,292
  MDU Resources Group Inc. 851,920 18,180
  Joy Global Inc. 448,316 17,565
  Flowserve Corp. 310,661 17,549
* Owens-Illinois Inc. 377,680 8,807
  AGCO Corp. 179,702 8,561
      960,591
Oil & Gas (5.9%)    
  Tesoro Corp. 579,666 52,918
  Cimarex Energy Co. 404,047 46,502
* Southwestern Energy Co. 1,773,312 41,123
* Cameron International Corp. 893,470 40,313
* Weatherford International plc 3,213,860 39,531
  HollyFrontier Corp. 902,459 36,342
  Murphy Oil Corp. 777,685 36,240
  Helmerich & Payne Inc. 471,690 32,108
  OGE Energy Corp. 920,034 29,082
^ Transocean Ltd. 1,587,439 23,288
  Ensco plc Class A 1,080,404 22,764
  Energen Corp. 337,708 22,289
  Chesapeake Energy Corp. 1,377,983 19,512
  Noble Corp. plc 1,163,480 16,615
^ Diamond Offshore Drilling Inc. 143,351 3,840
      462,467
Other (0.0%)    
* Safeway Inc CVR (Casa Ley) Exp. 1/30/2018 1,233 —
* Safeway Inc CVR (PDC) Exp. 1/30/2017 1,233 —
      —
Technology (7.1%)    
  Seagate Technology plc 1,438,646 74,853
  Altera Corp. 1,387,735 59,548
  Western Digital Corp. 506,191 46,069
  Maxim Integrated Products Inc. 1,304,703 45,417
  Computer Sciences Corp. 650,573 42,469
  Juniper Networks Inc. 1,783,188 40,264
  Harris Corp. 480,271 37,826
* Synopsys Inc. 708,839 32,833
  Marvell Technology Group Ltd. 1,885,763 27,721
  Xilinx Inc. 602,893 25,502
  Garmin Ltd. 530,880 25,227
  NVIDIA Corp. 1,190,752 24,917
  KLA-Tencor Corp. 374,510 21,830
* Nuance Communications Inc. 1,198,272 17,195
  SanDisk Corp. 245,707 15,632
* Teradata Corp. 352,868 15,576
* IMS Health Holdings Inc. 231,817 6,275
      559,154
Telecommunications (0.7%)    
  Frontier Communications Corp. 4,623,386 32,595
  Windstream Holdings Inc. 2,779,470 20,568
      53,163
Utilities (9.2%)    
  Eversource Energy 1,461,110 73,815
  DTE Energy Co. 817,429 65,958

 

 

NiSource Inc.     1,458,390 64,402
Wisconsin Energy Corp.     1,040,162 51,488
Ameren Corp.     1,119,042 47,224
ONEOK Inc.     961,135 46,365
American Water Works Co. Inc.     829,204 44,951
CMS Energy Corp.     1,274,211 44,483
NRG Energy Inc.     1,559,381 39,281
CenterPoint Energy Inc.     1,883,139 38,435
AES Corp.     2,916,513 37,477
SCANA Corp.     591,788 32,542
Pinnacle West Capital Corp.     510,034 32,515
Alliant Energy Corp.     511,649 32,234
Pepco Holdings Inc.     1,161,843 31,172
Integrys Energy Group Inc.     368,797 26,561
National Fuel Gas Co.     368,587 22,237
        731,140
Total Common Stocks (Cost $6,460,448)       7,879,715
  Coupon      
Temporary Cash Investments (0.5%)1        
Money Market Fund (0.5%)        
2,3 Vanguard Market Liquidity Fund 0.128%   42,618,256 42,618
 
      Face  
    Maturity Amount  
    Date ($000)  
U.S. Government and Agency Obligations (0.0%)        
4,5 Fannie Mae Discount Notes 0.170% 6/17/15 200 200
4,5 Freddie Mac Discount Notes 0.090% 4/6/15 2,000 2,000
        2,200
Total Temporary Cash Investments (Cost $44,818)       44,818
Total Investments (100.2%) (Cost $6,505,266)       7,924,533
Other Assets and Liabilities-Net (-0.2%)3       (18,676)
Net Assets (100%)       7,905,857

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $13,945,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 100.0% and 0.2%, respectively, of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
3 Includes $14,438,000 of collateral received for securities on loan.
4 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
5 Securities with a value of $1,300,000 have been segregated as initial margin for open futures contracts.

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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued

 

Mid-Cap Value Index Fund

using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

B. Various inputs may be used to determine the value of the fund's investments. 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).

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 7,879,715 — —
Temporary Cash Investments 42,618 2,200 —
Futures Contracts—Liabilities1 (162) — —
Total 7,922,171 2,200 —
1 Represents variation margin on the last day of the reporting period.

 

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

 

Mid-Cap Value Index Fund

      ($000)
 
    Number of Aggregate Unrealized
    Long (Short) Settlement Value Appreciation
Futures Contracts Expiration Contracts Long (Short) (Depreciation) 
E-mini S&P 500 Index June 2015 150 15,456 (297)
E-mini S&P MidCap 400 Index June 2015 46 6,991 123
S&P 500 Index June 2015 8 4,122 (14)
 
        (188)

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.

D. At March 31, 2015, the cost of investment securities for tax purposes was $6,505,266,000. Net unrealized appreciation of investment securities for tax purposes was $1,419,267,000, consisting of unrealized gains of $1,576,109,000 on securities that had risen in value since their purchase and $156,842,000 in unrealized losses on securities that had fallen in value since their purchase.


Vanguard Small-Cap Index Fund

Schedule of Investments
As of March 31, 2015

      Market
      Value
    Shares ($000)
Common Stocks (99.6%)1    
Basic Materials (3.6%)    
  RPM International Inc. 2,441,076 117,147
  NewMarket Corp. 193,047 92,238
  Steel Dynamics Inc. 4,168,465 83,786
  Royal Gold Inc. 1,123,855 70,926
  Cytec Industries Inc. 1,301,157 70,315
  United States Steel Corp. 2,658,661 64,871
  PolyOne Corp. 1,626,464 60,748
  Axiall Corp. 1,281,393 60,149
  Sensient Technologies Corp. 867,546 59,757
  Allegheny Technologies Inc. 1,982,990 59,510
* Platform Specialty Products Corp. 2,279,645 58,496
  Compass Minerals International Inc. 613,717 57,205
  Domtar Corp. 1,176,935 54,398
  KapStone Paper and Packaging Corp. 1,577,326 51,799
* Polypore International Inc. 819,037 48,241
  Cabot Corp. 1,047,007 47,115
  Minerals Technologies Inc. 633,612 46,317
  Olin Corp. 1,411,911 45,238
  HB Fuller Co. 919,331 39,412
  Carpenter Technology Corp. 911,619 35,444
  Commercial Metals Co. 2,142,646 34,689
^ US Silica Holdings Inc. 973,092 34,652
* Chemtura Corp. 1,264,623 34,512
  Balchem Corp. 561,125 31,075
* Stillwater Mining Co. 2,199,484 28,417
  Worthington Industries Inc. 931,562 24,789
^ Peabody Energy Corp. 5,015,558 24,677
  A Schulman Inc. 504,969 24,340
  Kaiser Aluminum Corp. 303,060 23,302
  Globe Specialty Metals Inc. 1,212,125 22,933
  Tronox Ltd. Class A 1,112,585 22,619
* Clearwater Paper Corp. 338,410 22,098
  Innophos Holdings Inc. 388,486 21,895
  PH Glatfelter Co. 783,228 21,562
* Resolute Forest Products Inc. 1,207,600 20,831
  Calgon Carbon Corp. 962,614 20,282
* RTI International Metals Inc. 561,014 20,146
  Hecla Mining Co. 6,747,415 20,107
* Ferro Corp. 1,586,551 19,911
  Quaker Chemical Corp. 230,625 19,751
  Innospec Inc. 421,056 19,533
  SunCoke Energy Inc. 1,148,906 17,165
  OM Group Inc. 534,905 16,063
* LSB Industries Inc. 350,404 14,482
  Stepan Co. 345,605 14,398
*,^ AK Steel Holding Corp. 3,086,188 13,795
  Deltic Timber Corp. 206,489 13,680
* Horsehead Holding Corp. 1,020,704 12,922
* Century Aluminum Co. 891,770 12,306

 

 

^ Cliffs Natural Resources Inc. 2,521,594 12,129
* Intrepid Potash Inc. 1,039,050 12,001
* Kraton Performance Polymers Inc. 574,410 11,609
  Rayonier Advanced Materials Inc. 777,541 11,585
  Haynes International Inc. 227,008 10,127
  Tredegar Corp. 472,655 9,505
* Coeur Mining Inc. 1,884,894 8,878
  Koppers Holdings Inc. 355,676 7,000
* Cloud Peak Energy Inc. 1,114,700 6,488
  Kronos Worldwide Inc. 423,901 5,362
  American Vanguard Corp. 453,014 4,811
* Rentech Inc. 3,964,370 4,440
  FutureFuel Corp. 399,383 4,102
*,^ Alpha Natural Resources Inc. 4,063,433 4,063
*,^ Arch Coal Inc. 3,893,437 3,893
*,^ FMSA Holdings Inc. 432,964 3,135
* NL Industries Inc. 136,803 1,060
* Allied Nevada Gold Corp. 193 —
      1,970,232
Consumer Goods (7.7%)    
  Snap-on Inc. 1,060,826 156,005
* WhiteWave Foods Co. Class A 3,182,175 141,098
  Goodyear Tire & Rubber Co. 4,919,720 133,226
* Toll Brothers Inc. 2,882,218 113,386
* Hain Celestial Group Inc. 1,763,584 112,958
  Leggett & Platt Inc. 2,398,672 110,555
* Middleby Corp. 1,045,083 107,278
  Ingredion Inc. 1,305,055 101,559
  Gentex Corp. 5,119,736 93,691
  Brunswick Corp. 1,694,149 87,164
  Carter's Inc. 915,611 84,667
  Harman International Industries Inc. 626,351 83,699
  Pinnacle Foods Inc. 2,016,855 82,308
* Visteon Corp. 811,124 78,192
* Kate Spade & Co. 2,319,988 77,464
  Flowers Foods Inc. 3,248,721 73,876
* Tempur Sealy International Inc. 1,112,134 64,215
  Dana Holding Corp. 3,007,864 63,646
* TreeHouse Foods Inc. 741,432 63,037
* Tenneco Inc. 1,062,963 61,035
  Wolverine World Wide Inc. 1,761,374 58,918
^ Nu Skin Enterprises Inc. Class A 974,022 58,646
  Scotts Miracle-Gro Co. Class A 833,160 55,963
  Thor Industries Inc. 877,170 55,446
* Skechers U.S.A. Inc. Class A 756,395 54,392
  Tupperware Brands Corp. 771,956 53,280
  Pool Corp. 756,541 52,776
*,^ Herbalife Ltd. 1,177,366 50,344
* Vista Outdoor Inc. 1,166,216 49,937
* Boston Beer Co. Inc. Class A 168,623 45,090
* Post Holdings Inc. 955,751 44,767
  HNI Corp. 809,980 44,687
* Deckers Outdoor Corp. 599,615 43,694
* Darling Ingredients Inc. 3,006,958 42,128
  Ryland Group Inc. 851,769 41,515
* TRI Pointe Homes Inc. 2,649,132 40,876
  Cooper Tire & Rubber Co. 942,405 40,373

 

 

* Helen of Troy Ltd. 492,788 40,157
* Steven Madden Ltd. 1,045,552 39,731
* G-III Apparel Group Ltd. 348,589 39,269
* Zynga Inc. Class A 13,460,074 38,361
* Take-Two Interactive Software Inc. 1,462,454 37,227
  Spectrum Brands Holdings Inc. 388,668 34,809
  Lancaster Colony Corp. 349,398 33,252
* Gentherm Inc. 651,578 32,911
  Snyder's-Lance Inc. 1,025,992 32,791
* American Axle & Manufacturing Holdings Inc. 1,244,432 32,144
  Vector Group Ltd. 1,462,581 32,133
* Select Comfort Corp. 923,937 31,848
  Avon Products Inc. 3,966,797 31,695
* Meritage Homes Corp. 646,603 31,451
  Columbia Sportswear Co. 510,301 31,077
^ Sanderson Farms Inc. 380,761 30,328
  J&J Snack Foods Corp. 273,048 29,134
  B&G Foods Inc. 979,419 28,824
  Herman Miller Inc. 1,033,294 28,684
*,^ Iconix Brand Group Inc. 831,800 28,007
  Steelcase Inc. Class A 1,461,431 27,680
* Dorman Products Inc. 552,698 27,497
  Dean Foods Co. 1,632,874 26,991
  La-Z-Boy Inc. 934,519 26,269
  KB Home 1,678,829 26,223
  Drew Industries Inc. 410,236 25,246
* Standard Pacific Corp. 2,735,624 24,621
  Fresh Del Monte Produce Inc. 627,588 24,419
  Schweitzer-Mauduit International Inc. 528,522 24,375
* Tumi Holdings Inc. 991,405 24,250
  Interface Inc. Class A 1,154,530 23,991
  WD-40 Co. 253,827 22,474
* Seaboard Corp. 5,326 22,007
  Oxford Industries Inc. 270,394 20,401
  MDC Holdings Inc. 712,777 20,314
  Cal-Maine Foods Inc. 516,726 20,183
  Knoll Inc. 843,443 19,762
  Andersons Inc. 474,493 19,630
* TiVo Inc. 1,779,550 18,881
^ Universal Corp. 392,044 18,489
* ACCO Brands Corp. 2,048,934 17,027
* Crocs Inc. 1,431,609 16,907
  Briggs & Stratton Corp. 781,068 16,043
* iRobot Corp. 487,896 15,920
* Diamond Foods Inc. 487,395 15,874
*,^ GoPro Inc. Class A 353,008 15,324
* Cooper-Standard Holding Inc. 248,552 14,714
  Ethan Allen Interiors Inc. 474,715 13,121
* Taylor Morrison Home Corp. Class A 602,673 12,566
* Modine Manufacturing Co. 872,806 11,757
  Remy International Inc. 523,891 11,636
* Blount International Inc. 900,829 11,603
* USANA Health Sciences Inc. 101,090 11,233
*,^ Eastman Kodak Co. 572,362 10,869
  Tootsie Roll Industries Inc. 314,885 10,681
* DTS Inc. 313,440 10,679
* RealD Inc. 826,602 10,572

 

 

  Phibro Animal Health Corp. Class A 286,960 10,161
  Inter Parfums Inc. 310,394 10,125
* Boulder Brands Inc. 1,061,657 10,118
*,^ Wayfair Inc. 303,549 9,750
  Movado Group Inc. 321,547 9,171
* Revlon Inc. Class A 191,131 7,875
  Superior Industries International Inc. 413,301 7,824
* Hovnanian Enterprises Inc. Class A 2,159,860 7,689
  Titan International Inc. 785,602 7,353
* Federal-Mogul Holdings Corp. 547,995 7,294
* Central Garden and Pet Co. Class A 595,435 6,324
  National Presto Industries Inc. 94,794 6,009
* Vera Bradley Inc. 368,503 5,981
*,^ Elizabeth Arden Inc. 381,357 5,949
* Vince Holding Corp. 302,614 5,614
* National Beverage Corp. 211,695 5,167
*,^ Quiksilver Inc. 2,390,483 4,422
  Metaldyne Performance Group Inc. 163,426 2,945
* Central Garden and Pet Co. 153,515 1,515
* LeapFrog Enterprises Inc. 599,946 1,308
      4,208,547
Consumer Services (13.9%)    
  Alaska Air Group Inc. 2,396,106 158,574
* Rite Aid Corp. 17,919,126 155,717
  Gannett Co. Inc. 4,140,230 153,520
  Omnicare Inc. 1,772,434 136,584
* Avis Budget Group Inc. 1,941,104 114,554
* Spirit Airlines Inc. 1,328,301 102,757
  Domino's Pizza Inc. 1,015,381 102,097
* Sally Beauty Holdings Inc. 2,889,894 99,326
  Dick's Sporting Goods Inc. 1,729,198 98,547
  KAR Auction Services Inc. 2,578,509 97,803
* Madison Square Garden Co. Class A 1,154,185 97,702
* JetBlue Airways Corp. 4,822,375 92,831
  Service Corp. International 3,518,030 91,645
* Office Depot Inc. 9,926,678 91,325
  Graham Holdings Co. Class B 84,092 88,265
  Cinemark Holdings Inc. 1,900,509 85,656
  Dunkin' Brands Group Inc. 1,781,398 84,723
  Dun & Bradstreet Corp. 656,485 84,266
  Foot Locker Inc. 1,296,663 81,690
* AMC Networks Inc. Class A 1,049,939 80,467
* VCA Inc. 1,458,693 79,966
  International Game Technology 4,539,011 79,024
  GNC Holdings Inc. Class A 1,603,737 78,695
* Copart Inc. 2,075,265 77,968
^ GameStop Corp. Class A 1,980,678 75,186
* Panera Bread Co. Class A 464,333 74,291
  Brinker International Inc. 1,152,062 70,921
  Cablevision Systems Corp. Class A 3,816,051 69,834
  Vail Resorts Inc. 662,943 68,562
* United Natural Foods Inc. 867,079 66,800
  Jack in the Box Inc. 694,929 66,658
  Cracker Barrel Old Country Store Inc. 436,513 66,411
* Burlington Stores Inc. 1,094,576 65,040
* Live Nation Entertainment Inc. 2,574,576 64,957
* Restoration Hardware Holdings Inc. 650,239 64,497

 

 

  Casey's General Stores Inc. 706,960 63,697
* Buffalo Wild Wings Inc. 345,697 62,654
* Groupon Inc. Class A 8,598,574 61,996
  Six Flags Entertainment Corp. 1,274,083 61,678
  Dillard's Inc. Class A 441,016 60,203
  CST Brands Inc. 1,346,765 59,029
* Pandora Media Inc. 3,626,431 58,784
* Murphy USA Inc. 793,049 57,393
  Wendy's Co. 5,033,136 54,861
*,^ SolarCity Corp. 1,058,212 54,265
  DSW Inc. Class A 1,469,517 54,196
* ServiceMaster Global Holdings Inc. 1,593,095 53,767
  Lions Gate Entertainment Corp. 1,531,985 51,965
* Starz 1,508,398 51,904
  American Eagle Outfitters Inc. 3,018,028 51,548
* Yelp Inc. Class A 1,084,463 51,349
* Cabela's Inc. 909,434 50,910
  John Wiley & Sons Inc. Class A 811,493 49,615
  Bloomin' Brands Inc. 2,031,515 49,427
  Allegiant Travel Co. Class A 254,160 48,872
  Sotheby's 1,133,631 47,907
* GrubHub Inc. 1,041,880 47,291
  Chico's FAS Inc. 2,652,530 46,923
  Big Lots Inc. 975,926 46,874
* HomeAway Inc. 1,553,393 46,866
* Houghton Mifflin Harcourt Co. 1,946,873 45,713
* Life Time Fitness Inc. 642,861 45,617
  Rollins Inc. 1,796,384 44,425
* SUPERVALU Inc. 3,816,514 44,386
  Men's Wearhouse Inc. 833,714 43,520
*,^ JC Penney Co. Inc. 5,005,645 42,097
  Texas Roadhouse Inc. Class A 1,140,376 41,544
  Lithia Motors Inc. Class A 410,673 40,825
  Choice Hotels International Inc. 636,948 40,809
  Time Inc. 1,797,847 40,344
  Cheesecake Factory Inc. 812,810 40,096
  Sinclair Broadcast Group Inc. Class A 1,269,879 39,887
* La Quinta Holdings Inc. 1,672,641 39,608
  HSN Inc. 574,006 39,164
  Penske Automotive Group Inc. 740,955 38,152
  Meredith Corp. 679,638 37,903
* Asbury Automotive Group Inc. 452,311 37,587
* Pinnacle Entertainment Inc. 1,039,652 37,521
* Bright Horizons Family Solutions Inc. 722,486 37,042
* Grand Canyon Education Inc. 853,033 36,936
  Extended Stay America Inc. 1,867,121 36,465
  Monro Muffler Brake Inc. 548,858 35,703
  AMERCO 107,334 35,463
  Sabre Corp. 1,452,667 35,300
  Chemed Corp. 294,899 35,211
* Ascena Retail Group Inc. 2,373,725 34,443
  Group 1 Automotive Inc. 398,221 34,378
  Dolby Laboratories Inc. Class A 893,024 34,078
  Aaron's Inc. 1,190,272 33,697
  Hillenbrand Inc. 1,091,473 33,694
  DineEquity Inc. 314,082 33,610
  New York Times Co. Class A 2,418,644 33,280

 

 

  Marriott Vacations Worldwide Corp. 410,541 33,274
  Regal Entertainment Group Class A 1,450,357 33,126
  DeVry Education Group Inc. 989,500 33,010
* ANN Inc. 792,539 32,518
*,^ Fresh Market Inc. 795,663 32,336
* comScore Inc. 622,714 31,883
* Five Below Inc. 893,016 31,765
* Apollo Education Group Inc. 1,673,704 31,666
  Papa John's International Inc. 508,178 31,410
*,^ DreamWorks Animation SKG Inc. Class A 1,271,096 30,760
  Nexstar Broadcasting Group Inc. Class A 535,446 30,638
  PriceSmart Inc. 358,505 30,466
* Michaels Cos. Inc. 1,118,421 30,264
* Genesco Inc. 417,597 29,745
* Shutterfly Inc. 654,575 29,613
  Matthews International Corp. Class A 572,027 29,465
  Sonic Corp. 927,884 29,414
* WebMD Health Corp. 647,511 28,384
* Beacon Roofing Supply Inc. 903,367 28,275
  Abercrombie & Fitch Co. 1,265,454 27,891
  Churchill Downs Inc. 241,599 27,777
  Morningstar Inc. 366,241 27,435
* Media General Inc. 1,655,753 27,303
  Buckle Inc. 529,969 27,076
* Fiesta Restaurant Group Inc. 440,012 26,841
* Popeyes Louisiana Kitchen Inc. 422,028 25,246
  Rent-A-Center Inc. 917,549 25,178
  Brown Shoe Co. Inc. 759,001 24,895
* Acxiom Corp. 1,340,191 24,780
  SeaWorld Entertainment Inc. 1,232,432 23,761
* Krispy Kreme Doughnuts Inc. 1,182,655 23,641
  Children's Place Inc. 367,835 23,611
* Vitamin Shoppe Inc. 547,726 22,561
* Hibbett Sports Inc. 456,663 22,404
* Constant Contact Inc. 586,017 22,392
*,^ Mattress Firm Holding Corp. 319,375 22,241
  Pier 1 Imports Inc. 1,561,724 21,833
* Express Inc. 1,308,820 21,635
  Finish Line Inc. Class A 852,716 20,909
* Diamond Resorts International Inc. 609,931 20,390
  Guess? Inc. 1,089,898 20,261
* Penn National Gaming Inc. 1,291,795 20,229
*,^ Sears Holdings Corp. 485,652 20,096
* Belmond Ltd. Class A 1,611,642 19,791
  Scholastic Corp. 481,263 19,703
* Boyd Gaming Corp. 1,384,240 19,656
  New Media Investment Group Inc. 810,982 19,407
  Interval Leisure Group Inc. 729,006 19,107
  Bob Evans Farms Inc. 409,054 18,923
* Barnes & Noble Inc. 769,366 18,272
  Cato Corp. Class A 453,622 17,963
* BJ's Restaurants Inc. 335,469 16,924
* Zumiez Inc. 400,407 16,116
  National CineMedia Inc. 1,056,526 15,953
  International Speedway Corp. Class A 486,297 15,858
* Lands' End Inc. 437,899 15,712
*,^ TrueCar Inc. 845,745 15,097

 

 

* Rush Enterprises Inc. Class A 535,065 14,639
*,^ zulily Inc. Class A 1,122,450 14,581
*,^ Lumber Liquidators Holdings Inc. 469,933 14,464
* Diplomat Pharmacy Inc. 416,634 14,407
  Sonic Automotive Inc. Class A 572,395 14,253
*,^ Conn's Inc. 463,171 14,025
  AMC Entertainment Holdings Inc. 394,019 13,984
* Francesca's Holdings Corp. 771,052 13,725
* Caesars Acquisition Co. Class A 1,993,388 13,555
* Regis Corp. 804,745 13,166
  SkyWest Inc. 891,365 13,023
  Capella Education Co. 200,508 13,009
  Core-Mark Holding Co. Inc. 200,510 12,897
  Stage Stores Inc. 549,284 12,590
* Biglari Holdings Inc. 30,113 12,470
* Bankrate Inc. 1,047,012 11,873
* RetailMeNot Inc. 643,544 11,590
* Global Eagle Entertainment Inc. 841,436 11,199
*,^ Caesars Entertainment Corp. 1,053,152 11,090
  Fred's Inc. Class A 639,240 10,925
* Steiner Leisure Ltd. 222,647 10,553
* FTD Cos. Inc. 346,090 10,362
*,^ Coupons.com Inc. 874,795 10,270
  ClubCorp Holdings Inc. 528,970 10,241
* Strayer Education Inc. 188,820 10,085
  Weis Markets Inc. 196,183 9,762
* Ascent Capital Group Inc. Class A 232,160 9,242
* Pep Boys-Manny Moe & Jack 927,481 8,922
*,^ Scientific Games Corp. Class A 851,192 8,912
* K12 Inc. 560,695 8,814
* American Public Education Inc. 282,912 8,482
* Dave & Buster's Entertainment Inc. 255,308 7,777
  Harte-Hanks Inc. 906,909 7,074
  Clear Channel Outdoor Holdings Inc. Class A 661,472 6,694
*,^ Clean Energy Fuels Corp. 1,238,621 6,608
* Blue Nile Inc. 205,686 6,549
* Ruby Tuesday Inc. 1,076,673 6,471
*,^ El Pollo Loco Holdings Inc. 238,172 6,100
*,^ Container Store Group Inc. 306,926 5,847
*,^ Noodles & Co. Class A 327,238 5,707
  Speedway Motorsports Inc. 225,669 5,134
*,^ Tile Shop Holdings Inc. 422,703 5,119
* Virgin America Inc. 156,730 4,765
* Angie's List Inc. 803,264 4,715
* Smart & Final Stores Inc. 267,672 4,711
* Liquidity Services Inc. 438,794 4,335
*,^ Shake Shack Inc. Class A 81,116 4,060
^ World Wrestling Entertainment Inc. Class A 289,051 4,050
*,^ Weight Watchers International Inc. 519,840 3,634
* Rush Enterprises Inc. Class B 146,991 3,634
* Potbelly Corp. 264,430 3,623
* Cumulus Media Inc. Class A 1,371,584 3,388
*,^ SFX Entertainment Inc. 741,005 3,031
* Bridgepoint Education Inc. 288,581 2,785
* Aeropostale Inc. 648,154 2,249
*,^ Habit Restaurants Inc. Class A 56,705 1,822

 

 

* Sears Hometown and Outlet Stores Inc. 227,600 1,757
      7,634,960
Financials (25.1%)    
* E*TRADE Financial Corp. 5,289,522 151,042
  Arthur J Gallagher & Co. 3,006,731 140,565
  Duke Realty Corp. 6,291,952 136,976
  Extra Space Storage Inc. 2,017,058 136,293
  WP Carey Inc. 1,803,449 122,635
  Kilroy Realty Corp. 1,576,467 120,079
* SVB Financial Group 928,129 117,910
  Regency Centers Corp. 1,717,939 116,889
* Signature Bank 872,393 113,045
^ NorthStar Realty Finance Corp. 5,871,982 106,400
  Mid-America Apartment Communities Inc. 1,374,258 106,189
  East West Bancorp Inc. 2,619,972 106,004
  Apartment Investment & Management Co. 2,651,105 104,347
  DDR Corp. 5,597,971 104,234
* Liberty Ventures Class A 2,452,216 103,018
  Omega Healthcare Investors Inc. 2,529,951 102,640
  HCC Insurance Holdings Inc. 1,766,774 100,123
  National Retail Properties Inc. 2,413,122 98,866
  Liberty Property Trust 2,717,437 97,013
* Howard Hughes Corp. 615,001 95,337
  Senior Housing Properties Trust 4,288,437 95,160
  Starwood Property Trust Inc. 3,875,859 94,183
  Hospitality Properties Trust 2,735,788 90,254
*,^ Zillow Group Inc. Class A 891,252 89,393
  CBOE Holdings Inc. 1,533,177 88,012
  American Campus Communities Inc. 2,047,559 87,779
  Lamar Advertising Co. Class A 1,475,037 87,425
  Corrections Corp. of America 2,131,544 85,816
  Eaton Vance Corp. 2,043,280 85,082
  Taubman Centers Inc. 1,097,806 84,674
  BioMed Realty Trust Inc. 3,717,959 84,249
  Spirit Realty Capital Inc. 6,910,514 83,479
  PacWest Bancorp 1,767,044 82,857
  American Financial Group Inc. 1,274,039 81,730
* Forest City Enterprises Inc. Class A 3,151,296 80,421
  Equity LifeStyle Properties Inc. 1,460,624 80,261
  LaSalle Hotel Properties 2,060,783 80,082
  RenaissanceRe Holdings Ltd. 792,216 79,008
  Highwoods Properties Inc. 1,695,942 77,640
* Liberty Broadband Corp. 1,365,976 77,314
  NorthStar Asset Management Group Inc. 3,270,657 76,337
  City National Corp. 855,034 76,166
  RLJ Lodging Trust 2,409,692 75,447
  Assured Guaranty Ltd. 2,837,235 74,875
  Douglas Emmett Inc. 2,511,208 74,859
  Outfront Media Inc. 2,491,422 74,543
  Home Properties Inc. 1,054,895 73,094
  Investors Bancorp Inc. 6,192,115 72,572
  Weingarten Realty Investors 2,012,425 72,407
  Waddell & Reed Financial Inc. Class A 1,449,916 71,829
  Cullen/Frost Bankers Inc. 1,037,463 71,668
  Two Harbors Investment Corp. 6,682,320 70,966
  Brown & Brown Inc. 2,099,257 69,506
  Retail Properties of America Inc. 4,318,510 69,226

 

 

Umpqua Holdings Corp. 4,022,644 69,109
CubeSmart 2,824,137 68,203
* Alleghany Corp. 138,732 67,562
Allied World Assurance Co. Holdings AG 1,664,765 67,257
First American Financial Corp. 1,869,010 66,686
Synovus Financial Corp. 2,368,172 66,332
* Popular Inc. 1,888,534 64,947
Old Republic International Corp. 4,285,890 64,031
* Stifel Financial Corp. 1,144,738 63,819
Healthcare Trust of America Inc. Class A 2,284,839 63,656
Prosperity Bancshares Inc. 1,209,919 63,497
Sunstone Hotel Investors Inc. 3,806,092 63,448
Commerce Bancshares Inc. 1,496,430 63,329
CNO Financial Group Inc. 3,654,221 62,926
* Equity Commonwealth 2,368,127 62,874
EPR Properties 1,041,213 62,504
Rayonier Inc. 2,313,175 62,363
Columbia Property Trust Inc. 2,283,434 61,698
Tanger Factory Outlet Centers Inc. 1,743,458 61,317
First Horizon National Corp. 4,275,523 61,097
Webster Financial Corp. 1,647,380 61,035
Pebblebrook Hotel Trust 1,309,166 60,968
Validus Holdings Ltd. 1,443,570 60,774
Sovran Self Storage Inc. 645,744 60,661
Gaming and Leisure Properties Inc. 1,642,117 60,545
American Homes 4 Rent Class A 3,656,202 60,510
* MGIC Investment Corp. 6,179,966 59,513
GEO Group Inc. 1,354,551 59,248
* Strategic Hotels & Resorts Inc. 4,765,175 59,231
Chimera Investment Corp. 18,756,801 58,896
Hanover Insurance Group Inc. 808,727 58,697
Radian Group Inc. 3,487,509 58,555
CBL & Associates Properties Inc. 2,952,626 58,462
Federated Investors Inc. Class B 1,721,746 58,350
BankUnited Inc. 1,762,854 57,716
FirstMerit Corp. 3,019,027 57,543
First Niagara Financial Group Inc. 6,486,333 57,339
Post Properties Inc. 994,239 56,602
WP GLIMCHER Inc. 3,361,460 55,901
DCT Industrial Trust Inc. 1,610,666 55,826
Sun Communities Inc. 829,568 55,349
Medical Properties Trust Inc. 3,710,925 54,699
MarketAxess Holdings Inc. 647,549 53,682
Aspen Insurance Holdings Ltd. 1,136,279 53,666
MFA Financial Inc. 6,761,035 53,142
StanCorp Financial Group Inc. 769,413 52,782
Bank of the Ozarks Inc. 1,425,665 52,650
Piedmont Office Realty Trust Inc. Class A 2,817,537 52,434
Brandywine Realty Trust 3,280,454 52,422
Paramount Group Inc. 2,707,829 52,261
Colony Financial Inc. 2,012,728 52,170
White Mountains Insurance Group Ltd. 75,702 51,820
Associated Banc-Corp 2,714,551 50,491
DiamondRock Hospitality Co. 3,572,657 50,482
Healthcare Realty Trust Inc. 1,814,802 50,415
Corporate Office Properties Trust 1,705,393 50,104
* PRA Group Inc. 914,284 49,664

 

 

Bank of Hawaii Corp. 797,219 48,798
Primerica Inc. 953,724 48,545
Ryman Hospitality Properties Inc. 792,153 48,250
PrivateBancorp Inc. 1,350,172 47,486
Endurance Specialty Holdings Ltd. 776,285 47,462
Janus Capital Group Inc. 2,734,492 47,006
ProAssurance Corp. 1,019,032 46,784
Susquehanna Bancshares Inc. 3,325,175 45,588
Hancock Holding Co. 1,489,259 44,469
TCF Financial Corp. 2,759,423 43,378
Acadia Realty Trust 1,243,320 43,367
Kite Realty Group Trust 1,524,083 42,933
United Bankshares Inc. 1,136,359 42,704
WisdomTree Investments Inc. 1,948,363 41,812
Fulton Financial Corp. 3,382,750 41,743
FNB Corp. 3,166,040 41,602
National Health Investors Inc. 582,605 41,371
First Industrial Realty Trust Inc. 1,918,957 41,123
Hudson Pacific Properties Inc. 1,238,217 41,096
* Western Alliance Bancorp 1,379,281 40,882
Xenia Hotels & Resorts Inc. 1,790,904 40,743
Wintrust Financial Corp. 852,389 40,642
* Texas Capital Bancshares Inc. 835,015 40,623
MB Financial Inc. 1,295,868 40,574
Cousins Properties Inc. 3,751,333 39,764
Symetra Financial Corp. 1,690,712 39,664
Financial Engines Inc. 948,214 39,664
UMB Financial Corp. 747,054 39,512
DuPont Fabros Technology Inc. 1,205,617 39,400
Cathay General Bancorp 1,381,481 39,303
* Liberty TripAdvisor Holdings Inc. Class A 1,227,202 39,013
New Residential Investment Corp. 2,579,449 38,769
Assurant Inc. 628,279 38,583
Washington Federal Inc. 1,758,540 38,345
American Equity Investment Life Holding Co. 1,310,438 38,173
Valley National Bancorp 4,012,435 37,877
AmTrust Financial Services Inc. 662,978 37,780
RLI Corp. 706,607 37,033
Erie Indemnity Co. Class A 421,472 36,778
BancorpSouth Inc. 1,581,082 36,713
Kennedy-Wilson Holdings Inc. 1,401,936 36,647
IBERIABANK Corp. 580,349 36,579
Urban Edge Properties 1,541,429 36,532
Alexander & Baldwin Inc. 845,187 36,495
Chesapeake Lodging Trust 1,077,688 36,458
Home BancShares Inc. 1,047,375 35,496
Invesco Mortgage Capital Inc. 2,246,183 34,883
Equity One Inc. 1,293,021 34,511
Interactive Brokers Group Inc. 1,013,526 34,480
* Blackhawk Network Holdings Inc. Class B 960,303 34,139
Chambers Street Properties 4,323,211 34,067
Sabra Health Care REIT Inc. 1,026,816 34,039
First Citizens BancShares Inc. Class A 130,530 33,897
^ Lexington Realty Trust 3,427,697 33,694
Washington REIT 1,216,425 33,610
EastGroup Properties Inc. 558,292 33,576
* Genworth Financial Inc. Class A 4,531,297 33,124

 

 

Glacier Bancorp Inc. 1,301,731 32,739
EverBank Financial Corp. 1,810,080 32,636
* Springleaf Holdings Inc. 628,618 32,544
Hatteras Financial Corp. 1,766,280 32,076
NRG Yield Inc. Class A 631,252 32,023
Retail Opportunity Investments Corp. 1,702,737 31,160
Old National Bancorp 2,186,717 31,030
New York REIT Inc. 2,959,809 31,019
First Financial Bankshares Inc. 1,111,637 30,726
Education Realty Trust Inc. 866,965 30,673
Artisan Partners Asset Management Inc. Class A 669,413 30,432
Select Income REIT 1,210,130 30,241
Potlatch Corp. 741,104 29,674
Government Properties Income Trust 1,284,052 29,341
* Credit Acceptance Corp. 150,373 29,323
LTC Properties Inc. 636,636 29,285
American Assets Trust Inc. 675,952 29,255
Mercury General Corp. 503,186 29,059
PennyMac Mortgage Investment Trust 1,359,849 28,951
Capitol Federal Financial Inc. 2,310,317 28,879
Columbia Banking System Inc. 994,604 28,814
BGC Partners Inc. Class A 3,033,915 28,670
* SLM Corp. 3,089,337 28,669
Blackstone Mortgage Trust Inc. Class A 1,010,415 28,665
Selective Insurance Group Inc. 986,275 28,651
South State Corp. 418,424 28,616
PS Business Parks Inc. 344,044 28,569
* Hilltop Holdings Inc. 1,464,408 28,468
Trustmark Corp. 1,169,339 28,392
Mack-Cali Realty Corp. 1,463,279 28,212
Pennsylvania REIT 1,196,739 27,800
CVB Financial Corp. 1,738,446 27,711
STAG Industrial Inc. 1,177,822 27,702
Kemper Corp. 710,206 27,670
Pinnacle Financial Partners Inc. 621,192 27,618
National Penn Bancshares Inc. 2,556,286 27,531
Redwood Trust Inc. 1,522,582 27,209
Evercore Partners Inc. Class A 525,429 27,144
* Liberty Broadband Corp. Class A 476,890 26,935
* TESARO Inc. 468,806 26,909
International Bancshares Corp. 1,033,361 26,898
Parkway Properties Inc. 1,521,473 26,398
Ramco-Gershenson Properties Trust 1,415,921 26,336
CYS Investments Inc. 2,954,682 26,326
Horace Mann Educators Corp. 765,223 26,171
Argo Group International Holdings Ltd. 515,849 25,870
Community Bank System Inc. 704,257 24,924
Associated Estates Realty Corp. 1,001,063 24,706
* MBIA Inc. 2,645,568 24,604
Montpelier Re Holdings Ltd. 637,244 24,496
* Enstar Group Ltd. 172,492 24,470
FelCor Lodging Trust Inc. 2,042,321 23,466
* St. Joe Co. 1,264,183 23,463
BOK Financial Corp. 379,888 23,257
* FNFV Group 1,612,484 22,736
First Midwest Bancorp Inc. 1,306,405 22,692
Hersha Hospitality Trust Class A 3,449,386 22,318

 

 

  HFF Inc. Class A 585,047 21,963
  WesBanco Inc. 665,453 21,680
* First Cash Financial Services Inc. 465,472 21,654
  Monogram Residential Trust Inc. 2,302,599 21,460
  Home Loan Servicing Solutions Ltd. 1,296,942 21,451
  Franklin Street Properties Corp. 1,646,997 21,115
  Independent Bank Corp. 474,830 20,831
  Altisource Residential Corp. 990,778 20,668
  Capstead Mortgage Corp. 1,750,135 20,599
  Virtus Investment Partners Inc. 156,955 20,525
  ARMOUR Residential REIT Inc. 6,451,206 20,450
* Essent Group Ltd. 844,831 20,200
  New Senior Investment Group Inc. 1,211,220 20,143
  Astoria Financial Corp. 1,546,958 20,033
  Empire State Realty Trust Inc. 1,064,560 20,024
  Provident Financial Services Inc. 1,071,662 19,986
  TFS Financial Corp. 1,360,077 19,966
  BBCN Bancorp Inc. 1,377,403 19,931
  Westamerica Bancorporation 448,556 19,382
  Greenhill & Co. Inc. 487,593 19,333
  Park National Corp. 224,392 19,199
* iStar Financial Inc. 1,475,748 19,185
  NBT Bancorp Inc. 757,755 18,989
  First Financial Bancorp 1,064,885 18,966
  Chemical Financial Corp. 597,909 18,750
* Encore Capital Group Inc. 445,726 18,538
  Northwest Bancshares Inc. 1,558,580 18,469
* HRG Group Inc. 1,472,107 18,372
* Investment Technology Group Inc. 603,011 18,277
  Nelnet Inc. Class A 380,682 18,014
  LegacyTexas Financial Group Inc. 782,777 17,793
  Aviv REIT Inc. 487,042 17,777
  Boston Private Financial Holdings Inc. 1,436,349 17,452
*,^ Nationstar Mortgage Holdings Inc. 697,269 17,271
* Greenlight Capital Re Ltd. Class A 540,058 17,174
  Alexander's Inc. 37,254 17,009
  Starwood Waypoint Residential Trust 655,596 16,947
* FCB Financial Holdings Inc. Class A 613,466 16,791
  American Capital Mortgage Investment Corp. 934,611 16,786
  Inland Real Estate Corp. 1,554,533 16,618
  Ashford Hospitality Trust Inc. 1,719,420 16,541
  Investors Real Estate Trust 2,196,751 16,476
  Infinity Property & Casualty Corp. 199,100 16,336
* Navigators Group Inc. 208,625 16,239
  Talmer Bancorp Inc. Class A 1,030,578 15,783
  Banner Corp. 339,572 15,586
* Ambac Financial Group Inc. 643,160 15,564
* Piper Jaffray Cos. 290,548 15,242
*,^ Ocwen Financial Corp. 1,839,106 15,173
  First Commonwealth Financial Corp. 1,675,945 15,084
  Cohen & Steers Inc. 367,847 15,063
  Employers Holdings Inc. 546,679 14,755
  Safety Insurance Group Inc. 246,855 14,750
  S&T Bancorp Inc. 517,212 14,678
* KCG Holdings Inc. Class A 1,176,268 14,421
  Maiden Holdings Ltd. 932,688 13,832
  OFG Bancorp 815,327 13,306

 

 

* Capital Bank Financial Corp. 465,118 12,842
* Green Dot Corp. Class A 806,069 12,833
  First Potomac Realty Trust 1,074,764 12,779
  State Bank Financial Corp. 608,283 12,774
  National General Holdings Corp. 682,939 12,771
  Berkshire Hills Bancorp Inc. 459,045 12,716
  National Bank Holdings Corp. Class A 674,036 12,679
  Northfield Bancorp Inc. 848,200 12,570
  Central Pacific Financial Corp. 547,047 12,566
  City Holding Co. 263,532 12,394
  InfraREIT Inc. 429,398 12,276
  Brookline Bancorp Inc. 1,212,659 12,187
* First BanCorp 1,941,366 12,036
  Saul Centers Inc. 209,540 11,986
  Rouse Properties Inc. 631,503 11,973
  Universal Health Realty Income Trust 212,163 11,934
  STORE Capital Corp. 506,472 11,826
  Cash America International Inc. 500,296 11,657
* HealthEquity Inc. 450,014 11,246
  FBL Financial Group Inc. Class A 179,653 11,140
  Tompkins Financial Corp. 202,178 10,887
*,^ Walter Investment Management Corp. 653,276 10,550
  Anworth Mortgage Asset Corp. 2,065,307 10,512
  Resource Capital Corp. 2,287,550 10,385
  National Western Life Insurance Co. Class A 40,719 10,355
  Silver Bay Realty Trust Corp. 630,122 10,183
  United Fire Group Inc. 319,820 10,161
  Oritani Financial Corp. 684,361 9,957
  Moelis & Co. Class A 328,979 9,909
  AG Mortgage Investment Trust Inc. 517,746 9,754
* Ladder Capital Corp. 516,555 9,561
* Forestar Group Inc. 605,917 9,555
* Enova International Inc. 481,292 9,477
  Urstadt Biddle Properties Inc. Class A 400,065 9,226
*,^ World Acceptance Corp. 121,686 8,873
  Dime Community Bancshares Inc. 537,965 8,661
* Walker & Dunlop Inc. 470,391 8,340
  Getty Realty Corp. 457,354 8,324
* Ezcorp Inc. Class A 878,473 8,020
  CareTrust REIT Inc. 547,527 7,424
  Meadowbrook Insurance Group Inc. 869,098 7,387
  Great Western Bancorp Inc. 317,181 6,981
* Tejon Ranch Co. 263,470 6,969
  BancFirst Corp. 112,896 6,884
* PICO Holdings Inc. 419,028 6,792
  Ashford Hospitality Prime Inc. 399,007 6,691
  GAMCO Investors Inc. 83,384 6,546
  State Auto Financial Corp. 261,207 6,345
  OneBeacon Insurance Group Ltd. Class A 408,691 6,216
* PennyMac Financial Services Inc. Class A 354,167 6,010
* Beneficial Bancorp Inc. 529,383 5,977
  Newcastle Investment Corp. 1,152,854 5,591
* Flagstar Bancorp Inc. 358,785 5,206
*,^ On Deck Capital Inc. 243,978 5,194
* MoneyGram International Inc. 542,897 4,691
* NewStar Financial Inc. 390,634 4,582
  Fidelity & Guaranty Life 214,398 4,545

 

 

* Altisource Asset Management Corp. 20,074 3,716
* Kearny Financial Corp. 246,856 3,352
*,^ Altisource Portfolio Solutions SA 239,447 3,082
  American National Insurance Co. 13,157 1,295
  Urstadt Biddle Properties Inc. 60,433 1,137
^ FXCM Inc. Class A 365,430 778
* Blackhawk Network Holdings Inc. 6,866 246
* Tejon Ranch Co. Warrants Exp. 08/31/2016 37,571 30
      13,777,052
Health Care (10.5%)    
  Cooper Cos. Inc. 881,570 165,224
* United Therapeutics Corp. 809,100 139,517
* Isis Pharmaceuticals Inc. 2,156,191 137,285
* Centene Corp. 1,927,391 136,247
* Alnylam Pharmaceuticals Inc. 1,222,994 127,705
* MEDNAX Inc. 1,753,625 127,155
* Brookdale Senior Living Inc. 3,349,131 126,463
* Puma Biotechnology Inc. 485,055 114,526
* Community Health Systems Inc. 2,024,381 105,835
* Sirona Dental Systems Inc. 1,058,298 95,236
  Teleflex Inc. 756,447 91,401
* Tenet Healthcare Corp. 1,797,662 89,002
* DexCom Inc. 1,344,063 83,789
* Alkermes plc 1,351,273 82,387
* Health Net Inc. 1,351,057 81,725
  STERIS Corp. 1,088,763 76,507
* Team Health Holdings Inc. 1,302,784 76,226
  West Pharmaceutical Services Inc. 1,239,743 74,645
* Receptos Inc. 452,160 74,557
* WellCare Health Plans Inc. 802,246 73,373
* Cepheid 1,286,521 73,203
* Alere Inc. 1,448,957 70,854
* PAREXEL International Corp. 1,000,230 69,006
* Charles River Laboratories International Inc. 863,866 68,496
  Bio-Techne Corp. 677,862 67,983
  HealthSouth Corp. 1,521,677 67,502
* Align Technology Inc. 1,245,721 67,001
* Akorn Inc. 1,377,820 65,460
* Acadia Healthcare Co. Inc. 843,347 60,384
*,^ Seattle Genetics Inc. 1,696,137 59,958
* LifePoint Hospitals Inc. 806,804 59,260
* Impax Laboratories Inc. 1,235,666 57,916
* Pacira Pharmaceuticals Inc. 628,392 55,833
*,^ OPKO Health Inc. 3,886,817 55,076
* Amsurg Corp. 878,552 54,049
  Hill-Rom Holdings Inc. 1,031,720 50,554
* Bio-Rad Laboratories Inc. Class A 370,325 50,061
* Celldex Therapeutics Inc. 1,768,335 49,284
* ABIOMED Inc. 675,473 48,350
*,^ Agios Pharmaceuticals Inc. 509,295 48,027
* ACADIA Pharmaceuticals Inc. 1,457,226 47,491
*,^ Myriad Genetics Inc. 1,332,500 47,171
* Molina Healthcare Inc. 637,010 42,864
* Synageva BioPharma Corp. 438,325 42,750
* Horizon Pharma plc 1,626,513 42,241
* Catalent Inc. 1,355,396 42,221
* Haemonetics Corp. 939,518 42,203

 

 

* Halyard Health Inc. 849,103 41,776
* Thoratec Corp. 979,708 41,040
* Prestige Brands Holdings Inc. 953,788 40,908
* NuVasive Inc. 878,430 40,399
* Intercept Pharmaceuticals Inc. 141,381 39,872
  Healthcare Services Group Inc. 1,235,149 39,685
* Dyax Corp. 2,364,373 39,615
  Owens & Minor Inc. 1,150,608 38,937
* Ironwood Pharmaceuticals Inc. Class A 2,285,479 36,568
* Anacor Pharmaceuticals Inc. 626,294 36,231
*,^ Exact Sciences Corp. 1,616,451 35,594
*,^ Intrexon Corp. 765,529 34,732
* Clovis Oncology Inc. 464,847 34,506
* Magellan Health Inc. 486,707 34,469
* Insulet Corp. 1,030,064 34,353
* Bruker Corp. 1,844,665 34,071
* Medicines Co. 1,193,829 33,451
  Kindred Healthcare Inc. 1,371,441 32,627
* Globus Medical Inc. 1,228,016 30,995
* Bluebird Bio Inc. 252,688 30,517
* Air Methods Corp. 644,008 30,004
* Neogen Corp. 640,756 29,943
* PTC Therapeutics Inc. 490,689 29,858
* Ultragenyx Pharmaceutical Inc. 477,128 29,625
* Cyberonics Inc. 456,276 29,621
* Neurocrine Biosciences Inc. 729,232 28,958
  Cantel Medical Corp. 606,420 28,805
* Lannett Co. Inc. 424,882 28,769
*,^ Kite Pharma Inc. 496,385 28,631
* Masimo Corp. 864,492 28,511
  Select Medical Holdings Corp. 1,916,051 28,415
* Integra LifeSciences Holdings Corp. 448,938 27,677
* Nektar Therapeutics 2,398,130 26,379
* Halozyme Therapeutics Inc. 1,831,307 26,151
* HeartWare International Inc. 294,888 25,882
* Acorda Therapeutics Inc. 765,881 25,489
* ARIAD Pharmaceuticals Inc. 3,075,721 25,344
  Abaxis Inc. 391,050 25,070
*,^ Juno Therapeutics Inc. 412,776 25,039
* Portola Pharmaceuticals Inc. Class A 655,244 24,873
* HMS Holdings Corp. 1,602,549 24,759
* Wright Medical Group Inc. 937,866 24,197
* ICU Medical Inc. 257,081 23,945
*,^ Keryx Biopharmaceuticals Inc. 1,845,945 23,499
^ Theravance Inc. 1,474,495 23,179
*,^ MannKind Corp. 4,444,689 23,112
  CONMED Corp. 453,075 22,876
  PDL BioPharma Inc. 2,972,581 20,912
*,^ Merrimack Pharmaceuticals Inc. 1,737,892 20,646
  Analogic Corp. 225,657 20,512
* Endologix Inc. 1,163,880 19,867
  Ensign Group Inc. 411,890 19,301
*,^ Arena Pharmaceuticals Inc. 4,408,520 19,265
* Novavax Inc. 2,292,296 18,957
* Ophthotech Corp. 398,928 18,562
* Achillion Pharmaceuticals Inc. 1,842,374 18,166
* NxStage Medical Inc. 1,030,829 17,833

 

 

* Tornier NV 670,309 17,576
* Auspex Pharmaceuticals Inc. 170,375 17,084
* Bio-Reference Laboratories Inc. 456,219 16,077
* Emergent Biosolutions Inc. 548,809 15,784
* Insys Therapeutics Inc. 255,333 14,843
* IPC Healthcare Inc. 315,852 14,731
* Merit Medical Systems Inc. 753,480 14,504
* Quidel Corp. 535,236 14,441
* ImmunoGen Inc. 1,573,781 14,085
* Hanger Inc. 611,178 13,868
  Meridian Bioscience Inc. 724,075 13,815
* Relypsa Inc. 369,353 13,323
* Momenta Pharmaceuticals Inc. 872,676 13,265
* Amedisys Inc. 488,170 13,073
* Surgical Care Affiliates Inc. 377,900 12,973
* Aegerion Pharmaceuticals Inc. 492,487 12,888
*,^ Accuray Inc. 1,359,221 12,641
* Infinity Pharmaceuticals Inc. 891,736 12,466
* VWR Corp. 478,953 12,448
* Ligand Pharmaceuticals Inc. 160,955 12,411
* Chimerix Inc. 315,566 11,894
*,^ ZS Pharma Inc. 272,502 11,467
* Orthofix International NV 319,494 11,467
* Luminex Corp. 704,157 11,267
* PRA Health Sciences Inc. 382,152 11,021
* Healthways Inc. 548,359 10,803
  National HealthCare Corp. 167,697 10,684
* Sage Therapeutics Inc. 212,096 10,654
* Spark Therapeutics Inc. 134,644 10,435
  Invacare Corp. 537,577 10,434
* HealthStream Inc. 377,998 9,526
* Sagent Pharmaceuticals Inc. 407,234 9,468
* Universal American Corp. 880,529 9,404
*,^ Sarepta Therapeutics Inc. 678,474 9,010
* Genomic Health Inc. 289,363 8,840
* Sequenom Inc. 2,142,135 8,461
*,^ Exelixis Inc. 3,205,545 8,238
* Epizyme Inc. 411,608 7,730
* Theravance Biopharma Inc. 441,165 7,654
* Nevro Corp. 158,687 7,606
* LHC Group Inc. 227,477 7,514
*,^ Synergy Pharmaceuticals Inc. 1,589,049 7,341
* Spectrum Pharmaceuticals Inc. 1,081,249 6,563
* CorVel Corp. 186,334 6,412
* Radius Health Inc. 151,132 6,221
* Acceleron Pharma Inc. 162,088 6,169
* INC Research Holdings Inc. Class A 187,176 6,126
*,^ BioScrip Inc. 1,190,953 5,276
* FibroGen Inc. 158,489 4,973
*,^ Lexicon Pharmaceuticals Inc. 5,207,091 4,917
*,^ VIVUS Inc. 1,618,974 3,983
      5,770,835
Industrials (19.4%)    
  Packaging Corp. of America 1,795,586 140,397
* Spirit AeroSystems Holdings Inc. Class A 2,575,083 134,445
  Acuity Brands Inc. 791,575 133,111
* Flextronics International Ltd. 10,446,352 132,407

 

 

Huntington Ingalls Industries Inc. 881,608 123,557
Broadridge Financial Solutions Inc. 2,205,888 121,346
Total System Services Inc. 3,039,722 115,965
* Keysight Technologies Inc. 3,063,147 113,796
Valspar Corp. 1,345,507 113,063
Global Payments Inc. 1,223,924 112,209
* CoStar Group Inc. 560,320 110,848
Carlisle Cos. Inc. 1,186,272 109,884
IDEX Corp. 1,427,808 108,271
Allegion plc 1,747,188 106,875
PerkinElmer Inc. 2,062,824 105,493
Jack Henry & Associates Inc. 1,492,546 104,314
Waste Connections Inc. 2,149,753 103,489
Trinity Industries Inc. 2,841,163 100,890
* Vantiv Inc. Class A 2,654,682 100,081
* Old Dominion Freight Line Inc. 1,254,634 96,983
* Genesee & Wyoming Inc. Class A 964,191 92,987
Ryder System Inc. 967,135 91,771
AO Smith Corp. 1,390,933 91,329
Hexcel Corp. 1,747,475 89,855
* HD Supply Holdings Inc. 2,858,677 89,062
* AECOM 2,837,555 87,453
Graphic Packaging Holding Co. 5,968,858 86,787
* Zebra Technologies Corp. 929,440 84,314
Nordson Corp. 1,074,783 84,198
Sonoco Products Co. 1,848,172 84,018
Exelis Inc. 3,408,394 83,063
* Orbital ATK Inc. 1,082,175 82,927
Lincoln Electric Holdings Inc. 1,264,859 82,709
Bemis Co. Inc. 1,778,830 82,378
Lennox International Inc. 733,995 81,980
MAXIMUS Inc. 1,202,070 80,250
* Berry Plastics Group Inc. 2,170,144 78,537
Graco Inc. 1,076,677 77,693
* WEX Inc. 708,233 76,036
AptarGroup Inc. 1,181,463 75,047
* Cognex Corp. 1,500,679 74,419
Jabil Circuit Inc. 3,174,039 74,209
Eagle Materials Inc. 871,875 72,854
Belden Inc. 776,070 72,609
* Kirby Corp. 965,910 72,492
World Fuel Services Corp. 1,250,123 71,857
RR Donnelley & Sons Co. 3,647,076 69,987
Oshkosh Corp. 1,426,350 69,592
* Genpact Ltd. 2,964,996 68,936
Fortune Brands Home & Security Inc. 1,448,074 68,755
Toro Co. 971,070 68,091
Air Lease Corp. Class A 1,775,565 67,010
ITT Corp. 1,661,008 66,291
MSC Industrial Direct Co. Inc. Class A 886,666 64,017
* USG Corp. 2,379,632 63,536
Deluxe Corp. 910,744 63,096
Babcock & Wilcox Co. 1,947,982 62,511
* Teledyne Technologies Inc. 579,468 61,847
Timken Co. 1,457,009 61,398
CLARCOR Inc. 916,601 60,551
National Instruments Corp. 1,871,217 59,954

 

 

* XPO Logistics Inc. 1,303,947 59,290
* Esterline Technologies Corp. 514,054 58,818
  Watsco Inc. 467,448 58,758
  Regal-Beloit Corp. 734,267 58,683
  FEI Co. 763,421 58,280
* Generac Holdings Inc. 1,194,394 58,155
  Curtiss-Wright Corp. 785,025 58,045
* IPG Photonics Corp. 619,258 57,405
  SPX Corp. 673,413 57,173
* WESCO International Inc. 813,526 56,857
  Triumph Group Inc. 920,972 55,000
  Woodward Inc. 1,068,219 54,490
  Landstar System Inc. 817,834 54,222
* Euronet Worldwide Inc. 912,329 53,599
  Manitowoc Co. Inc. 2,475,930 53,381
  Crane Co. 849,771 53,034
* Clean Harbors Inc. 930,300 52,822
* CoreLogic Inc. 1,475,298 52,034
  EnerSys 806,576 51,814
  Booz Allen Hamilton Holding Corp. Class A 1,755,102 50,793
  EMCOR Group Inc. 1,092,293 50,759
* Moog Inc. Class A 662,978 49,756
  Corporate Executive Board Co. 613,784 49,017
  Terex Corp. 1,841,872 48,975
  Kennametal Inc. 1,445,273 48,691
^ Valmont Industries Inc. 394,296 48,451
  Silgan Holdings Inc. 807,185 46,922
  GATX Corp. 808,829 46,896
  Con-way Inc. 1,051,313 46,394
  Covanta Holding Corp. 2,034,090 45,625
* DigitalGlobe Inc. 1,324,619 45,130
* Louisiana-Pacific Corp. 2,596,597 42,870
* Swift Transportation Co. 1,579,480 41,098
  Littelfuse Inc. 412,269 40,975
* Rexnord Corp. 1,484,546 39,623
* Advisory Board Co. 731,396 38,969
* Anixter International Inc. 509,723 38,805
  KBR Inc. 2,646,917 38,327
*,^ Ambarella Inc. 498,000 37,704
* Cimpress NV 446,267 37,656
* Armstrong World Industries Inc. 653,894 37,579
  Mueller Industries Inc. 1,038,600 37,525
* KLX Inc. 967,156 37,274
  Convergys Corp. 1,626,413 37,196
* Sanmina Corp. 1,517,645 36,712
  Barnes Group Inc. 897,092 36,323
  Knight Transportation Inc. 1,110,513 35,814
* Masonite International Corp. 520,853 35,033
* Owens-Illinois Inc. 1,498,335 34,941
  Vishay Intertechnology Inc. 2,471,501 34,156
  Mobile Mini Inc. 799,146 34,076
  AGCO Corp. 713,407 33,987
*,^ Universal Display Corp. 709,731 33,180
  Matson Inc. 785,435 33,114
* On Assignment Inc. 859,803 32,991
* WageWorks Inc. 616,123 32,858
  UniFirst Corp. 278,081 32,727

 

 

  RBC Bearings Inc. 405,425 31,031
  ABM Industries Inc. 968,913 30,870
* Cardtronics Inc. 817,749 30,747
  Applied Industrial Technologies Inc. 675,460 30,625
* Trex Co. Inc. 555,222 30,276
  Korn/Ferry International 919,174 30,213
  Forward Air Corp. 556,319 30,208
*,^ Knowles Corp. 1,552,517 29,917
* Proto Labs Inc. 424,293 29,700
  Heartland Payment Systems Inc. 628,071 29,425
* Coherent Inc. 451,673 29,341
  HEICO Corp. 478,281 29,209
  EnPro Industries Inc. 441,586 29,123
  MSA Safety Inc. 581,146 28,988
* ExamWorks Group Inc. 694,400 28,901
  United Stationers Inc. 703,863 28,851
  Simpson Manufacturing Co. Inc. 759,416 28,379
* FTI Consulting Inc. 755,194 28,290
  Franklin Electric Co. Inc. 737,677 28,135
* Huron Consulting Group Inc. 418,118 27,658
* Rogers Corp. 336,263 27,644
  Watts Water Technologies Inc. Class A 494,436 27,209
  Tetra Tech Inc. 1,125,535 27,035
* Boise Cascade Co. 720,654 26,996
  HEICO Corp. Class A 543,290 26,915
* TriNet Group Inc. 762,270 26,855
  EVERTEC Inc. 1,209,884 26,448
* Navistar International Corp. 891,954 26,313
  Mueller Water Products Inc. Class A 2,640,887 26,013
* OSI Systems Inc. 343,541 25,511
  Harsco Corp. 1,475,170 25,461
* TriMas Corp. 824,871 25,398
^ Greenbrier Cos. Inc. 435,278 25,246
* Greatbatch Inc. 433,705 25,090
  G&K Services Inc. Class A 345,792 25,080
* Plexus Corp. 614,573 25,056
* Hub Group Inc. Class A 637,412 25,044
*,^ NeuStar Inc. Class A 1,017,176 25,043
  Aircastle Ltd. 1,108,487 24,897
  Werner Enterprises Inc. 789,695 24,804
  TAL International Group Inc. 607,207 24,732
  Brink's Co. 886,927 24,506
  Actuant Corp. Class A 1,013,604 24,063
  Brady Corp. Class A 827,918 23,422
* Benchmark Electronics Inc. 970,118 23,312
* Itron Inc. 629,105 22,969
  Heartland Express Inc. 961,911 22,855
* Meritor Inc. 1,803,269 22,739
  Granite Construction Inc. 643,744 22,621
* PHH Corp. 934,096 22,577
* Veeco Instruments Inc. 737,104 22,519
  Tennant Co. 335,589 21,937
  Insperity Inc. 415,912 21,748
  Apogee Enterprises Inc. 503,226 21,739
^ Outerwall Inc. 328,679 21,732
* MasTec Inc. 1,121,465 21,644
  Otter Tail Corp. 672,272 21,627

 

 

  AAR Corp. 690,507 21,199
* ExlService Holdings Inc. 569,100 21,171
  Kaman Corp. 495,017 21,004
  AZZ Inc. 445,573 20,759
  Albany International Corp. 521,582 20,733
  MTS Systems Corp. 273,875 20,719
* LifeLock Inc. 1,457,528 20,566
* UTi Worldwide Inc. 1,637,291 20,139
* Imperva Inc. 467,082 19,944
  TimkenSteel Corp. 749,658 19,843
  Exponent Inc. 222,965 19,822
* FARO Technologies Inc. 315,925 19,628
* Atlas Air Worldwide Holdings Inc. 452,461 19,465
  Universal Forest Products Inc. 346,351 19,216
  Standex International Corp. 233,037 19,139
  Cubic Corp. 367,495 19,025
* II-VI Inc. 1,001,994 18,497
* TrueBlue Inc. 757,665 18,449
  John Bean Technologies Corp. 505,316 18,050
* Wabash National Corp. 1,260,011 17,766
* Sykes Enterprises Inc. 711,731 17,686
  CIRCOR International Inc. 322,639 17,648
  ESCO Technologies Inc. 452,605 17,643
  AAON Inc. 696,549 17,086
  Sun Hydraulics Corp. 412,312 17,053
  Sturm Ruger & Co. Inc. 341,917 16,969
* Tutor Perini Corp. 711,393 16,611
  ArcBest Corp. 427,461 16,196
  Advanced Drainage Systems Inc. 534,620 16,007
* M/A-COM Technology Solutions Holdings Inc. 429,337 15,997
  Lindsay Corp. 208,397 15,890
  Methode Electronics Inc. 332,683 15,649
* Nortek Inc. 176,928 15,614
  Badger Meter Inc. 250,847 15,036
  ManTech International Corp. Class A 442,449 15,017
* Wesco Aircraft Holdings Inc. 978,610 14,992
  McGrath RentCorp 452,212 14,882
  General Cable Corp. 844,961 14,559
  H&E Equipment Services Inc. 579,969 14,493
  Astec Industries Inc. 334,891 14,360
  Raven Industries Inc. 695,294 14,226
  Materion Corp. 368,366 14,156
* Team Inc. 358,634 13,980
  Greif Inc. Class A 352,734 13,852
  Comfort Systems USA Inc. 647,127 13,616
* RPX Corp. 936,532 13,477
* Thermon Group Holdings Inc. 556,888 13,404
  Griffon Corp. 766,703 13,364
* Newport Corp. 690,054 13,152
  AVX Corp. 920,404 13,134
* Roadrunner Transportation Systems Inc. 518,524 13,103
  Encore Wire Corp. 340,010 12,880
  Altra Industrial Motion Corp. 461,308 12,751
  Quanex Building Products Corp. 634,409 12,523
*,^ Smith & Wesson Holding Corp. 978,976 12,462
^ Textainer Group Holdings Ltd. 413,946 12,414
* Rofin-Sinar Technologies Inc. 512,118 12,409

 

 

* Aegion Corp. Class A 681,371 12,299
  Quad/Graphics Inc. 505,082 11,607
  Resources Connection Inc. 651,960 11,409
* Navigant Consulting Inc. 876,534 11,360
  Primoris Services Corp. 657,950 11,310
* Continental Building Products Inc. 482,895 10,909
  Hyster-Yale Materials Handling Inc. 145,528 10,666
  Kforce Inc. 474,077 10,577
  Gorman-Rupp Co. 335,272 10,041
* Monster Worldwide Inc. 1,573,611 9,977
* Aerovironment Inc. 361,705 9,589
  Acacia Research Corp. 868,503 9,293
  Kelly Services Inc. Class A 531,490 9,269
* TTM Technologies Inc. 988,529 8,907
* Air Transport Services Group Inc. 947,987 8,740
  American Railcar Industries Inc. 175,322 8,719
* GrafTech International Ltd. 2,116,435 8,233
* DXP Enterprises Inc. 184,763 8,146
  TeleTech Holdings Inc. 311,428 7,926
* Paylocity Holding Corp. 276,289 7,913
  Checkpoint Systems Inc. 725,026 7,845
  Park Electrochemical Corp. 362,704 7,820
* CAI International Inc. 303,727 7,463
  Schnitzer Steel Industries Inc. 459,440 7,287
* Dice Holdings Inc. 789,416 7,042
  American Science & Engineering Inc. 134,961 6,594
  Landauer Inc. 174,725 6,140
* Bazaarvoice Inc. 1,077,870 6,090
  Black Box Corp. 266,883 5,586
* Mistras Group Inc. 287,958 5,546
* Ply Gem Holdings Inc. 371,975 4,836
* InnerWorkings Inc. 689,048 4,630
  Greif Inc. Class B 91,711 4,219
* Inovalon Holdings Inc. Class A 59,508 1,798
* Overseas Shipholding Group Inc. Class B 93,447 383
      10,688,893
Oil & Gas (4.1%)    
* Newfield Exploration Co. 2,909,005 102,077
  Targa Resources Corp. 900,144 86,225
* First Solar Inc. 1,372,818 82,081
* Diamondback Energy Inc. 1,021,278 78,475
* Gulfport Energy Corp. 1,561,162 71,673
  Nabors Industries Ltd. 5,018,823 68,507
  QEP Resources Inc. 3,204,283 66,809
  Western Refining Inc. 1,350,136 66,683
  SemGroup Corp. Class A 793,943 64,579
  SM Energy Co. 1,231,486 63,643
  Superior Energy Services Inc. 2,734,159 61,081
  PBF Energy Inc. Class A 1,565,841 53,113
  Patterson-UTI Energy Inc. 2,540,135 47,691
  Denbury Resources Inc. 6,436,348 46,921
* Dril-Quip Inc. 684,172 46,791
* Carrizo Oil & Gas Inc. 878,345 43,610
  California Resources Corp. 5,632,204 42,861
*,^ NOW Inc. 1,953,434 42,272
*,^ Ultra Petroleum Corp. 2,650,084 41,421
* WPX Energy Inc. 3,713,436 40,588

 

 

  Rowan Cos. plc Class A 2,272,107 40,239
  Exterran Holdings Inc. 1,194,638 40,104
* PDC Energy Inc. 720,179 38,919
  Delek US Holdings Inc. 940,670 37,392
* Oil States International Inc. 937,066 37,267
  Bristow Group Inc. 602,607 32,812
  Atwood Oceanics Inc. 1,120,322 31,492
*,^ Oasis Petroleum Inc. 2,208,191 31,401
* SunPower Corp. Class A 959,834 30,052
* Cobalt International Energy Inc. 3,114,227 29,305
* Memorial Resource Development Corp. 1,589,817 28,203
* Rice Energy Inc. 1,244,007 27,070
*,^ Laredo Petroleum Inc. 2,056,818 26,821
  Pattern Energy Group Inc. Class A 945,553 26,778
* Matador Resources Co. 1,206,951 26,456
* Helix Energy Solutions Group Inc. 1,740,355 26,036
* Unit Corp. 909,674 25,453
* Rosetta Resources Inc. 1,343,654 22,869
* Forum Energy Technologies Inc. 1,117,752 21,908
* MRC Global Inc. 1,771,897 20,997
* SEACOR Holdings Inc. 297,866 20,752
* Chart Industries Inc. 556,912 19,534
* RSP Permian Inc. 759,408 19,130
* Parsley Energy Inc. Class A 1,115,220 17,821
* Bonanza Creek Energy Inc. 704,068 17,362
* McDermott International Inc. 4,341,092 16,670
^ Tidewater Inc. 856,469 16,393
^ Diamond Offshore Drilling Inc. 563,095 15,085
*,^ SandRidge Energy Inc. 8,414,645 14,978
* Stone Energy Corp. 970,715 14,250
* Flotek Industries Inc. 926,520 13,657
  CVR Energy Inc. 317,457 13,511
* Newpark Resources Inc. 1,458,229 13,285
  RPC Inc. 996,841 12,770
*,^ Sanchez Energy Corp. 961,489 12,509
^ CARBO Ceramics Inc. 360,647 11,003
* Hornbeck Offshore Services Inc. 583,504 10,976
*,^ Magnum Hunter Resources Corp. 3,465,955 9,254
* C&J Energy Services Ltd. 805,857 8,969
* TETRA Technologies Inc. 1,380,541 8,532
*,^ Penn Virginia Corp. 1,305,961 8,463
  Alon USA Energy Inc. 508,272 8,422
  Green Plains Inc. 291,922 8,334
  Tesco Corp. 682,083 7,755
* Parker Drilling Co. 2,117,785 7,391
*,^ Northern Oil and Gas Inc. 946,748 7,299
* Bill Barrett Corp. 861,599 7,151
*,^ EP Energy Corp. Class A 671,040 7,033
*,^ Halcon Resources Corp. 4,292,250 6,610
* Contango Oil & Gas Co. 283,380 6,234
* Pioneer Energy Services Corp. 1,109,492 6,013
^ Energy XXI Ltd. 1,552,632 5,652
* Clayton Williams Energy Inc. 111,321 5,636
  Gulfmark Offshore Inc. 413,635 5,394
* ION Geophysical Corp. 2,400,933 5,210
^ EXCO Resources Inc. 2,754,542 5,041
  Civeo Corp. 1,953,474 4,962

 

 

* Basic Energy Services Inc. 689,759 4,780
*,^ Eclipse Resources Corp. 813,961 4,574
*,^ Approach Resources Inc. 664,919 4,382
* Jones Energy Inc. Class A 439,093 3,943
^ W&T Offshore Inc. 618,794 3,162
*,^ Rex Energy Corp. 836,047 3,110
* Key Energy Services Inc. 1,204,063 2,191
* Geospace Technologies Corp. 113,773 1,878
* Seventy Seven Energy Inc. 440,445 1,828
^ Comstock Resources Inc. 369,310 1,318
* Willbros Group Inc. 373,740 1,237
*,^ Swift Energy Co. 114,172 247
* PetroQuest Energy Inc. 22,303 51
* Solazyme Inc. 13,565 39
* Amec Foster Wheeler plc ADR 668 9
      2,250,465
Other (0.0%)2    
* Leap Wireless International Inc CVR 938,827 2,366
 
Technology (11.4%)    
  CDK Global Inc. 2,936,428 137,307
*,^ SunEdison Inc. 4,698,123 112,755
* Cadence Design Systems Inc. 5,335,165 98,380
* ON Semiconductor Corp. 7,955,190 96,337
  IAC/InterActiveCorp 1,423,789 96,063
  Brocade Communications Systems Inc. 7,713,990 91,526
* Fortinet Inc. 2,557,523 89,385
* Informatica Corp. 1,983,395 86,982
* NCR Corp. 2,919,832 86,164
  Pitney Bowes Inc. 3,679,814 85,813
* Ultimate Software Group Inc. 492,006 83,619
* athenahealth Inc. 697,096 83,226
  CDW Corp. 2,200,972 81,964
  SS&C Technologies Holdings Inc. 1,307,538 81,460
  Cypress Semiconductor Corp. 5,558,052 78,424
* Tableau Software Inc. Class A 815,023 75,406
  Teradyne Inc. 3,951,367 74,483
* PTC Inc. 1,992,844 72,081
* Tyler Technologies Inc. 582,295 70,184
* VeriFone Systems Inc. 1,970,011 68,734
* ARRIS Group Inc. 2,378,368 68,723
* Verint Systems Inc. 1,108,293 68,637
* Manhattan Associates Inc. 1,355,006 68,577
  DST Systems Inc. 609,625 67,492
* Guidewire Software Inc. 1,270,278 66,829
* Cavium Inc. 935,038 66,219
* Ingram Micro Inc. 2,561,708 64,350
  Solera Holdings Inc. 1,226,546 63,363
* Aspen Technology Inc. 1,610,450 61,986
* Microsemi Corp. 1,735,959 61,453
* SolarWinds Inc. 1,183,340 60,634
  Atmel Corp. 7,218,099 59,405
* Riverbed Technology Inc. 2,736,207 57,214
  Leidos Holdings Inc. 1,352,089 56,734
* JDS Uniphase Corp. 4,247,607 55,729
* Synaptics Inc. 670,326 54,501
  j2 Global Inc. 829,169 54,460

 

 

* Integrated Device Technology Inc. 2,707,079 54,196
* CommScope Holding Co. Inc. 1,889,600 53,929
* AOL Inc. 1,350,763 53,504
*,^ 3D Systems Corp. 1,928,671 52,884
* Qlik Technologies Inc. 1,648,788 51,327
  Fair Isaac Corp. 573,395 50,872
  Lexmark International Inc. Class A 1,128,304 47,772
* ViaSat Inc. 782,790 46,662
* Aruba Networks Inc. 1,903,809 46,624
* Medidata Solutions Inc. 940,312 46,113
* Infinera Corp. 2,337,096 45,971
* ACI Worldwide Inc. 2,115,723 45,827
* EPAM Systems Inc. 743,454 45,566
  Mentor Graphics Corp. 1,784,998 42,893
  SYNNEX Corp. 540,729 41,771
* EchoStar Corp. Class A 804,776 41,623
  Plantronics Inc. 784,528 41,541
* Tech Data Corp. 698,069 40,327
* Finisar Corp. 1,886,821 40,265
  Blackbaud Inc. 845,229 40,047
  Advent Software Inc. 907,306 40,021
* Freescale Semiconductor Ltd. 978,081 39,867
* CACI International Inc. Class A 440,866 39,643
* Fairchild Semiconductor International Inc. Class A 2,136,318 38,838
* Dealertrack Technologies Inc. 991,897 38,208
* Cirrus Logic Inc. 1,144,660 38,071
  Diebold Inc. 1,062,605 37,680
* Allscripts Healthcare Solutions Inc. 3,124,509 37,369
*,^ Arista Networks Inc. 516,029 36,396
  Science Applications International Corp. 708,563 36,385
* Ciena Corp. 1,876,266 36,231
*,^ Cree Inc. 1,018,415 36,144
* Proofpoint Inc. 604,877 35,821
* Electronics For Imaging Inc. 855,711 35,726
* Silicon Laboratories Inc. 692,129 35,139
  Tessera Technologies Inc. 868,843 34,997
* Entegris Inc. 2,545,467 34,847
  InterDigital Inc. 677,612 34,382
* Demandware Inc. 563,192 34,298
  Intersil Corp. Class A 2,381,496 34,103
  Monolithic Power Systems Inc. 636,363 33,505
  MKS Instruments Inc. 970,800 32,823
* Polycom Inc. 2,448,516 32,810
* Semtech Corp. 1,218,038 32,455
* CommVault Systems Inc. 737,482 32,228
* Envestnet Inc. 564,131 31,636
* Rovi Corp. 1,677,787 30,552
*,^ Advanced Micro Devices Inc. 11,347,916 30,412
* Synchronoss Technologies Inc. 628,244 29,816
* Fleetmatics Group plc 654,462 29,353
* PMC-Sierra Inc. 3,139,112 29,131
* Dycom Industries Inc. 590,695 28,850
* MicroStrategy Inc. Class A 169,511 28,680
* IGATE Corp. 664,333 28,340
*,^ NetScout Systems Inc. 639,568 28,045
* OmniVision Technologies Inc. 1,058,382 27,910
* Syntel Inc. 534,181 27,633

 

 

* Ellie Mae Inc. 498,595 27,577
* Veeva Systems Inc. Class A 1,077,693 27,514
  Cogent Communications Holdings Inc. 759,746 26,842
  Power Integrations Inc. 508,689 26,493
  West Corp. 760,442 25,650
* Cornerstone OnDemand Inc. 879,996 25,423
* Rambus Inc. 1,998,496 25,131
* Progress Software Corp. 879,011 23,883
* LogMeIn Inc. 424,557 23,771
* QLogic Corp. 1,594,110 23,497
  Monotype Imaging Holdings Inc. 717,832 23,430
* Super Micro Computer Inc. 679,904 22,580
* Zendesk Inc. 988,864 22,437
* Shutterstock Inc. 323,694 22,228
* Kulicke & Soffa Industries Inc. 1,402,100 21,915
* Infoblox Inc. 917,733 21,906
* ScanSource Inc. 523,559 21,283
* Unisys Corp. 911,409 21,154
* Cabot Microelectronics Corp. 417,135 20,844
*,^ Endurance International Group Holdings Inc. 1,088,075 20,739
* MedAssets Inc. 1,099,760 20,697
* Insight Enterprises Inc. 725,041 20,678
*,^ InvenSense Inc. 1,319,817 20,074
* NETGEAR Inc. 601,524 19,778
* Ruckus Wireless Inc. 1,477,693 19,018
  NIC Inc. 1,073,048 18,961
* Bottomline Technologies de Inc. 690,743 18,906
* RealPage Inc. 933,445 18,800
* Diodes Inc. 650,924 18,590
  ADTRAN Inc. 976,158 18,225
* Advanced Energy Industries Inc. 705,191 18,095
  CSG Systems International Inc. 594,948 18,080
*,^ Gogo Inc. 933,045 17,784
* BroadSoft Inc. 528,580 17,686
* Web.com Group Inc. 911,553 17,274
* Amkor Technology Inc. 1,950,500 17,233
^ Ebix Inc. 536,066 16,286
* Loral Space & Communications Inc. 234,836 16,072
* Ixia 1,289,124 15,637
* Marketo Inc. 602,393 15,433
^ Ubiquiti Networks Inc. 481,662 14,233
* Lattice Semiconductor Corp. 2,160,596 13,698
  Pegasystems Inc. 626,248 13,621
  Brooks Automation Inc. 1,168,625 13,591
  Quality Systems Inc. 826,382 13,206
* Interactive Intelligence Group Inc. 307,564 12,665
  Micrel Inc. 822,762 12,407
*,^ Nimble Storage Inc. 544,671 12,152
* Harmonic Inc. 1,605,170 11,894
* RingCentral Inc. Class A 726,067 11,131
*,^ Barracuda Networks Inc. 287,171 11,047
* Cvent Inc. 376,826 10,566
* Actua Corp. 665,954 10,316
  Computer Programs & Systems Inc. 184,027 9,985
* Emulex Corp. 1,246,040 9,931
* Cray Inc. 353,583 9,929
* Inphi Corp. 541,358 9,652

 

 

  Epiq Systems Inc. 531,314 9,526
* Blucora Inc. 673,841 9,205
* Mercury Systems Inc. 591,685 9,201
* FormFactor Inc. 1,029,034 9,128
* Intralinks Holdings Inc. 879,568 9,095
* LivePerson Inc. 888,036 9,089
*,^ Textura Corp. 325,326 8,842
* Tangoe Inc. 637,966 8,804
* Ultratech Inc. 490,011 8,497
* Gigamon Inc. 386,246 8,204
  Comtech Telecommunications Corp. 281,206 8,141
* Paycom Software Inc. 246,227 7,894
* CEVA Inc. 368,605 7,859
*,^ HubSpot Inc. 177,304 7,074
* Applied Micro Circuits Corp. 1,372,858 7,002
* Sonus Networks Inc. 856,195 6,747
  Forrester Research Inc. 182,958 6,729
* MobileIron Inc. 692,995 6,417
* Quantum Corp. 3,982,391 6,372
* Comverse Inc. 320,216 6,308
* Calix Inc. 747,288 6,270
*,^ Benefitfocus Inc. 163,408 6,012
* Silicon Graphics International Corp. 629,452 5,470
*,^ Box Inc. 228,642 4,516
* New Relic Inc. 128,977 4,475
*,^ Castlight Health Inc. Class B 534,063 4,144
*,^ OPOWER Inc. 408,779 4,141
*,^ Rocket Fuel Inc. 416,247 3,829
* Pendrell Corp. 2,734,455 3,555
* Jive Software Inc. 650,741 3,338
* Systemax Inc. 237,024 2,896
* Hortonworks Inc. 114,703 2,735
*,^ VirnetX Holding Corp. 402,225 2,450
* Vectrus Inc. 95,120 2,425
* ChannelAdvisor Corp. 193,057 1,871
* Piksel Inc. 241 —
      6,240,547
Telecommunications (0.3%)    
  Telephone & Data Systems Inc. 1,655,281 41,217
*,^ Globalstar Inc. 7,095,177 23,627
  Consolidated Communications Holdings Inc. 873,907 17,828
* Vonage Holdings Corp. 3,279,619 16,103
* Iridium Communications Inc. 1,459,773 14,174
* Cincinnati Bell Inc. 3,829,678 13,519
  Atlantic Tele-Network Inc. 174,103 12,051
* United States Cellular Corp. 232,690 8,312
  EarthLink Holdings Corp. 1,867,228 8,290
* Intelsat SA 389,199 4,670
      159,791
Utilities (3.6%)    
  AGL Resources Inc. 2,183,869 108,429
  ITC Holdings Corp. 2,842,314 106,388
  UGI Corp. 3,153,511 102,773
  Atmos Energy Corp. 1,840,876 101,800
  Westar Energy Inc. Class A 2,411,663 93,476
  Aqua America Inc. 3,223,742 84,946

 

 

  TECO Energy Inc.     4,283,409 83,098
  Questar Corp.     3,203,082 76,426
  Great Plains Energy Inc.     2,814,424 75,089
* Dynegy Inc.     2,157,879 67,822
  Vectren Corp.     1,507,578 66,545
  Cleco Corp.     1,108,883 60,456
  Hawaiian Electric Industries Inc.     1,872,141 60,133
  IDACORP Inc.     917,518 57,684
  UIL Holdings Corp.     1,032,331 53,082
  Piedmont Natural Gas Co. Inc.     1,435,856 52,997
  Portland General Electric Co.     1,428,115 52,969
  WGL Holdings Inc.     907,806 51,200
  Southwest Gas Corp.     851,564 49,535
  New Jersey Resources Corp.     1,559,544 48,439
  NorthWestern Corp.     856,908 46,093
  ALLETE Inc.     839,025 44,267
  PNM Resources Inc.     1,453,206 42,434
  Black Hills Corp.     815,115 41,114
  ONE Gas Inc.     933,152 40,340
  Laclede Group Inc.     750,473 38,439
  Avista Corp.     1,080,746 36,940
  TerraForm Power Inc. Class A     919,991 33,589
  South Jersey Industries Inc.     614,053 33,331
  El Paso Electric Co.     736,685 28,466
  MGE Energy Inc.     632,372 28,027
  American States Water Co.     697,607 27,828
  Northwest Natural Gas Co.     496,883 23,826
  Ormat Technologies Inc.     623,733 23,714
  California Water Service Group     873,187 21,402
  Empire District Electric Co.     793,655 19,699
  Atlantic Power Corp.     2,208,049 6,205
* Vivint Solar Inc.     385,851 4,684
          1,993,685
Total Common Stocks (Cost $39,770,038)       54,697,373
    Coupon      
Temporary Cash Investments (1.8%)1        
Money Market Fund (1.8%)        
3,4 Vanguard Market Liquidity Fund 0.128%   980,169,253 980,169
 
        Face  
      Maturity Amount  
      Date ($000)  
U.S. Government and Agency Obligations (0.0%)        
5,6 Federal Home Loan Bank Discount Notes 0.062% 4/29/15 5,000 5,000
5,7 Federal Home Loan Bank Discount Notes 0.060% 6/3/15 5,000 4,999
5,6 Federal Home Loan Bank Discount Notes 0.135% 8/28/15 5,000 4,996
          14,995
Total Temporary Cash Investments (Cost $995,166)       995,164
Total Investments (101.4%) (Cost $40,765,204)       55,692,537
Other Assets and Liabilities-Net (-1.4%)4       (764,340)
Net Assets (100%)       54,928,197

Securities with a market value of less than $500 are displayed with a dash.
* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $675,472,000.

 

1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts and
equity swap contracts. After giving effect to futures and swap investments, the fund's effective common stock and
temporary cash investment positions represent 100.0% and 1.4%, respectively, of net assets.
2 “Other” represents securities that are not classified by the fund’s benchmark index.
3 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
4 Includes $712,683,000 of collateral received for securities on loan.
5 The issuer operates under a congressional charter; its securities are generally neither guaranteed by the U.S.
Treasury nor backed by the full faith and credit of the U.S. government.
6 Securities with a value of $7,596,000 have been segregated as initial margin for open futures contracts.
7 Securities with a value of $1,093,000 have been segregated as collateral for open over-the-counter swap
contracts.
ADR—American Depositary Receipt.
REIT—Real Estate Investment Trust.

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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

B. Various inputs may be used to determine the value of the fund's investments. 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).

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 54,695,007 — 2,366
Temporary Cash Investments 980,169 14,995 —
Futures Contracts—Liabilities1 (423) — —
Swap Contracts—Assets — 858 —
Swap Contracts—Liabilities — (139) —
Total 55,674,753 15,714 2,366
1 Represents variation margin on the last day of the reporting period.

 

 

Small-Cap Index Fund

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

      ($000)
      Aggregate  
    Number of Settlement Unrealized
    Long (Short) Value Long Appreciation
Futures Contracts Expiration Contracts (Short) (Depreciation) 
E-mini Russell 2000 Index June 2015 1,135 141,750 1,987
E-mini S&P MidCap 400 Index June 2015 249 37,843 659
        2,646

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.

D. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund's target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.

The notional amounts of swap contracts are not recorded in the Schedule of Investments. Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as unrealized appreciation (depreciation) until termination of the swap, at which time realized gain (loss) is recorded. A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund's maximum amount subject to counterparty risk is the unrealized appreciation on the swap

 

Small-Cap Index Fund

contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.

At March 31, 2015, the fund had the following open total return swap contracts:

        Floating  
        Interest Unrealized
        Rate Appreciation
Termination   Notional Amount Received (Depreciation)
Reference Entity Date Counterparty1 ($000) (Paid) ($000)
SLM Corp. 6/16/15 GSI 43,059 (0.573%) (5)
Empire State Realty Trust Inc. 5/11/15 GSCM 11,360 (0.522%) 804
Ambac Financial Group Inc. 4/6/15 GSCM 1,946 (0.568%) (58)
Ambac Financial Group Inc. 4/6/15 GSCM 1,571 (0.567%) (47)
Ambac Financial Group Inc. 4/6/15 GSCM 524 (0.569%) (16)
Empire State Realty Trust Inc. 6/2/15 GSCM 441 (17.650%) 27
Empire State Realty Trust Inc. 6/2/15 GSCM 441 (17.620%) 27
Ambac Financial Group Inc. 4/6/15 GSCM 424 (0.566%) (13)
          719
 
1 GSI—Goldman Sachs International.
GSCM—Goldman Sachs Bank USA.

 

At March 31, 2015, the counterparty had deposited in segregated accounts securities with a value of $720,000 in connection with amounts due to the fund for open swap contracts.

E. At March 31, 2015, the cost of investment securities for tax purposes was $40,774,005,000. Net unrealized appreciation of investment securities for tax purposes was $14,918,532,000, consisting of unrealized gains of $16,897,570,000 on securities that had risen in value since their purchase and $1,979,038,000 in unrealized losses on securities that had fallen in value since their purchase.


Vanguard Small-Cap Growth Index Fund

Schedule of Investments
As of March 31, 2015

      Market
      Value
    Shares ($000)
Common Stocks (99.9%)1    
Basic Materials (2.6%)    
  NewMarket Corp. 124,811 59,635
  Royal Gold Inc. 726,520 45,851
  Cytec Industries Inc. 841,152 45,456
* Platform Specialty Products Corp. 1,473,662 37,814
  KapStone Paper and Packaging Corp. 1,019,549 33,482
* Polypore International Inc. 529,377 31,180
^ US Silica Holdings Inc. 627,603 22,349
  Balchem Corp. 361,798 20,036
  Minerals Technologies Inc. 204,431 14,944
  Globe Specialty Metals Inc. 781,400 14,784
  Calgon Carbon Corp. 621,235 13,089
* RTI International Metals Inc. 362,492 13,017
  Carpenter Technology Corp. 293,982 11,430
* Stillwater Mining Co. 709,748 9,170
  Deltic Timber Corp. 133,293 8,831
* Horsehead Holding Corp. 670,360 8,487
* Intrepid Potash Inc. 671,296 7,753
  Haynes International Inc. 150,118 6,697
* Ferro Corp. 526,032 6,602
* Coeur Mining Inc. 1,250,385 5,889
  SunCoke Energy Inc. 377,858 5,645
  American Vanguard Corp. 294,517 3,128
* Rentech Inc. 2,623,678 2,938
*,^ FMSA Holdings Inc. 140,167 1,015
      429,222
Consumer Goods (8.6%)    
* WhiteWave Foods Co. Class A 2,057,382 91,224
* Toll Brothers Inc. 1,863,428 73,307
* Hain Celestial Group Inc. 1,140,258 73,034
* Middleby Corp. 675,687 69,359
  Gentex Corp. 3,309,969 60,572
  Brunswick Corp. 1,095,310 56,354
  Carter's Inc. 591,993 54,742
  Harman International Industries Inc. 404,904 54,107
* Kate Spade & Co. 1,499,863 50,080
  Flowers Foods Inc. 2,100,312 47,761
* Tempur Sealy International Inc. 718,906 41,510
  Wolverine World Wide Inc. 1,138,526 38,084
* Skechers U.S.A. Inc. Class A 488,947 35,160
  Pool Corp. 488,971 34,111
* Boston Beer Co. Inc. Class A 108,710 29,069
* Post Holdings Inc. 616,581 28,881
* Deckers Outdoor Corp. 387,567 28,242
* Darling Ingredients Inc. 1,938,527 27,159
  Ryland Group Inc. 549,505 26,783
* TRI Pointe Homes Inc. 1,709,176 26,373
* Steven Madden Ltd. 674,454 25,629
* G-III Apparel Group Ltd. 224,735 25,316

 

 

* Zynga Inc. Class A 8,694,856 24,780
* Gentherm Inc. 420,165 21,223
  Vector Group Ltd. 943,538 20,730
* Select Comfort Corp. 595,887 20,540
* Meritage Homes Corp. 417,010 20,283
^ Nu Skin Enterprises Inc. Class A 313,972 18,904
  J&J Snack Foods Corp. 175,957 18,775
  B&G Foods Inc. 631,661 18,590
* Dorman Products Inc. 356,260 17,724
  Drew Industries Inc. 264,370 16,269
* Vista Outdoor Inc. 375,946 16,098
* Standard Pacific Corp. 1,763,565 15,872
* Tumi Holdings Inc. 639,079 15,632
  Interface Inc. Class A 744,324 15,467
  WD-40 Co. 163,717 14,496
  Oxford Industries Inc. 174,629 13,176
  MDC Holdings Inc. 459,965 13,109
* TiVo Inc. 1,146,974 12,169
* Take-Two Interactive Software Inc. 472,215 12,020
  Lancaster Colony Corp. 112,770 10,732
*,^ iRobot Corp. 314,485 10,262
* Diamond Foods Inc. 314,386 10,240
*,^ GoPro Inc. Class A 227,644 9,882
* Blount International Inc. 594,678 7,659
* USANA Health Sciences Inc. 65,233 7,249
* DTS Inc. 207,608 7,073
* RealD Inc. 535,004 6,843
* Boulder Brands Inc. 701,998 6,690
  Phibro Animal Health Corp. Class A 185,652 6,574
*,^ Wayfair Inc. 196,085 6,298
* Revlon Inc. Class A 126,551 5,214
* Vera Bradley Inc. 245,952 3,992
* Vince Holding Corp. 199,585 3,702
* National Beverage Corp. 139,975 3,417
  Metaldyne Performance Group Inc. 91,802 1,654
* LeapFrog Enterprises Inc. 387,258 844
      1,431,039
Consumer Services (14.2%)    
* Spirit Airlines Inc. 858,725 66,431
  Domino's Pizza Inc. 656,484 66,009
* Sally Beauty Holdings Inc. 1,868,425 64,218
  Dick's Sporting Goods Inc. 1,117,987 63,714
* Madison Square Garden Co. Class A 746,205 63,166
  Dunkin' Brands Group Inc. 1,151,668 54,773
* AMC Networks Inc. Class A 678,792 52,023
  GNC Holdings Inc. Class A 1,036,811 50,876
* Copart Inc. 1,341,706 50,408
* Panera Bread Co. Class A 300,122 48,018
  Vail Resorts Inc. 428,607 44,327
* United Natural Foods Inc. 560,590 43,188
  Jack in the Box Inc. 449,233 43,090
* Burlington Stores Inc. 707,583 42,045
* Live Nation Entertainment Inc. 1,664,422 41,993
* Restoration Hardware Holdings Inc. 420,302 41,690
* Buffalo Wild Wings Inc. 223,525 40,512
* Groupon Inc. Class A 5,558,493 40,077
  Six Flags Entertainment Corp. 823,549 39,868

 

 

* Pandora Media Inc. 2,344,196 37,999
*,^ SolarCity Corp. 684,024 35,077
  DSW Inc. Class A 949,839 35,030
^ Lions Gate Entertainment Corp. 990,203 33,588
* Yelp Inc. Class A 700,973 33,191
* Cabela's Inc. 587,769 32,903
  Allegiant Travel Co. Class A 164,401 31,613
  Sotheby's 730,901 30,888
* GrubHub Inc. 671,802 30,493
* HomeAway Inc. 1,003,949 30,289
  Chico's FAS Inc. 1,710,210 30,254
* Life Time Fitness Inc. 414,428 29,408
  Rollins Inc. 1,158,287 28,644
  Texas Roadhouse Inc. Class A 735,069 26,779
  Cheesecake Factory Inc. 524,283 25,863
* La Quinta Holdings Inc. 1,079,947 25,573
  HSN Inc. 370,277 25,264
* Bright Horizons Family Solutions Inc. 466,103 23,897
* Grand Canyon Education Inc. 550,227 23,825
  Extended Stay America Inc. 1,203,802 23,510
  Monro Muffler Brake Inc. 354,005 23,028
* Ascena Retail Group Inc. 1,531,148 22,217
  Marriott Vacations Worldwide Corp. 264,822 21,464
* ANN Inc. 511,130 20,972
*,^ Fresh Market Inc. 513,213 20,857
* comScore Inc. 401,536 20,559
* Five Below Inc. 576,012 20,489
  Papa John's International Inc. 327,762 20,259
*,^ DreamWorks Animation SKG Inc. Class A 819,848 19,840
  Nexstar Broadcasting Group Inc. Class A 345,423 19,765
  PriceSmart Inc. 231,122 19,641
* Michaels Cos. Inc. 721,386 19,521
* Genesco Inc. 269,220 19,177
* Shutterfly Inc. 422,134 19,097
  Sonic Corp. 598,446 18,971
* WebMD Health Corp. 417,488 18,301
  Churchill Downs Inc. 157,008 18,051
  Morningstar Inc. 236,140 17,689
* Media General Inc. 1,067,834 17,609
* ServiceMaster Global Holdings Inc. 513,605 17,334
* Fiesta Restaurant Group Inc. 283,779 17,311
* Popeyes Louisiana Kitchen Inc. 272,075 16,276
  Bloomin' Brands Inc. 654,882 15,933
* Krispy Kreme Doughnuts Inc. 762,444 15,241
* Constant Contact Inc. 382,828 14,628
* Vitamin Shoppe Inc. 352,966 14,539
* Hibbett Sports Inc. 294,188 14,433
*,^ Mattress Firm Holding Corp. 206,015 14,347
* Diamond Resorts International Inc. 393,105 13,141
* Belmond Ltd. Class A 1,040,169 12,773
  Interval Leisure Group Inc. 470,519 12,332
* Pinnacle Entertainment Inc. 335,360 12,103
  Sabre Corp. 469,072 11,398
* BJ's Restaurants Inc. 216,521 10,923
* Zumiez Inc. 258,062 10,387
  National CineMedia Inc. 681,407 10,289
*,^ zulily Inc. Class A 724,100 9,406

 

 

*,^ Lumber Liquidators Holdings Inc. 302,866 9,322
* Diplomat Pharmacy Inc. 268,696 9,291
* Francesca's Holdings Corp. 509,117 9,062
*,^ Conn's Inc. 299,254 9,061
  AMC Entertainment Holdings Inc. 253,845 9,009
* Caesars Acquisition Co. Class A 1,285,122 8,739
* Bankrate Inc. 676,505 7,672
* RetailMeNot Inc. 415,366 7,481
* Global Eagle Entertainment Inc. 543,398 7,233
  Pier 1 Imports Inc. 503,224 7,035
  ClubCorp Holdings Inc. 350,440 6,784
*,^ Coupons.com Inc. 576,442 6,767
  Finish Line Inc. Class A 274,717 6,736
  New Media Investment Group Inc. 267,600 6,404
* Ascent Capital Group Inc. Class A 153,287 6,102
*,^ Scientific Games Corp. Class A 563,804 5,903
* American Public Education Inc. 187,853 5,632
* Dave & Buster's Entertainment Inc. 168,240 5,125
*,^ TrueCar Inc. 272,428 4,863
*,^ Clean Energy Fuels Corp. 815,541 4,351
* Blue Nile Inc. 132,575 4,221
* Biglari Holdings Inc. 9,724 4,027
*,^ El Pollo Loco Holdings Inc. 156,281 4,002
*,^ Container Store Group Inc. 202,825 3,864
*,^ Noodles & Co. Class A 210,686 3,674
*,^ Tile Shop Holdings Inc. 274,449 3,324
* Angie's List Inc. 530,504 3,114
* Virgin America Inc. 101,082 3,073
  World Wrestling Entertainment Inc. Class A 190,455 2,668
*,^ Shake Shack Inc. Class A 51,787 2,592
* Potbelly Corp. 174,303 2,388
* Cumulus Media Inc. Class A 904,209 2,233
*,^ SFX Entertainment Inc. 479,748 1,962
*,^ Habit Restaurants Inc. Class A 36,301 1,167
      2,355,696
Financials (20.5%)    
  Duke Realty Corp. 4,067,775 88,555
  Extra Space Storage Inc. 1,304,073 88,116
  WP Carey Inc. 1,165,994 79,288
  Kilroy Realty Corp. 1,019,226 77,634
* SVB Financial Group 600,014 76,226
  Regency Centers Corp. 1,110,663 75,570
* Signature Bank 564,077 73,093
  DDR Corp. 3,619,158 67,389
* Howard Hughes Corp. 397,555 61,629
*,^ Zillow Group Inc. Class A 576,248 57,798
  CBOE Holdings Inc. 991,255 56,903
  American Campus Communities Inc. 1,323,744 56,749
  Lamar Advertising Co. Class A 953,701 56,526
  Taubman Centers Inc. 709,752 54,743
  BioMed Realty Trust Inc. 2,403,728 54,468
  Equity LifeStyle Properties Inc. 944,360 51,893
  LaSalle Hotel Properties 1,332,358 51,775
* E*TRADE Financial Corp. 1,709,960 48,828
  RLJ Lodging Trust 1,557,870 48,777
  Douglas Emmett Inc. 1,623,527 48,397
  Outfront Media Inc. 1,610,662 48,191

 

 

Home Properties Inc. 681,909 47,249
Investors Bancorp Inc. 4,003,186 46,917
Waddell & Reed Financial Inc. Class A 937,317 46,435
CubeSmart 1,825,706 44,091
* Stifel Financial Corp. 740,015 41,256
Healthcare Trust of America Inc. Class A 1,477,026 41,150
Sunstone Hotel Investors Inc. 2,460,391 41,015
Tanger Factory Outlet Centers Inc. 1,127,016 39,637
Pebblebrook Hotel Trust 846,224 39,409
Sovran Self Storage Inc. 417,455 39,216
Gaming and Leisure Properties Inc. 1,061,458 39,136
* Strategic Hotels & Resorts Inc. 3,075,089 38,223
Post Properties Inc. 642,673 36,587
DCT Industrial Trust Inc. 1,041,111 36,085
Sun Communities Inc. 536,187 35,774
Medical Properties Trust Inc. 2,398,728 35,357
MarketAxess Holdings Inc. 418,561 34,699
Mid-America Apartment Communities Inc. 444,273 34,329
Paramount Group Inc. 1,750,296 33,781
Colony Financial Inc. 1,300,987 33,722
Omega Healthcare Investors Inc. 817,847 33,180
Healthcare Realty Trust Inc. 1,173,015 32,586
* PRA Group Inc. 590,981 32,102
Ryman Hospitality Properties Inc. 511,961 31,184
Kite Realty Group Trust 982,574 27,679
WisdomTree Investments Inc. 1,257,103 26,977
Spirit Realty Capital Inc. 2,228,537 26,921
PacWest Bancorp 569,766 26,716
Hudson Pacific Properties Inc. 801,588 26,605
* Western Alliance Bancorp 889,876 26,376
* Texas Capital Bancshares Inc. 538,675 26,207
Cousins Properties Inc. 2,420,325 25,655
^ Financial Engines Inc. 611,698 25,587
NorthStar Asset Management Group Inc. 1,054,735 24,618
Kennedy-Wilson Holdings Inc. 905,479 23,669
Urban Edge Properties 994,359 23,566
Chesapeake Lodging Trust 696,259 23,554
Alexander & Baldwin Inc. 545,162 23,540
Weingarten Realty Investors 648,868 23,346
Home BancShares Inc. 675,623 22,897
Equity One Inc. 835,577 22,302
* Blackhawk Network Holdings Inc. Class B 618,388 21,984
Chambers Street Properties 2,788,855 21,976
Sabra Health Care REIT Inc. 662,481 21,961
* Springleaf Holdings Inc. 405,502 20,993
NRG Yield Inc. Class A 407,098 20,652
Retail Opportunity Investments Corp. 1,098,322 20,099
Education Realty Trust Inc. 559,026 19,778
Artisan Partners Asset Management Inc. Class A 431,713 19,626
* Credit Acceptance Corp. 97,060 18,927
PS Business Parks Inc. 221,751 18,414
* Hilltop Holdings Inc. 944,537 18,362
WP GLIMCHER Inc. 1,083,805 18,024
STAG Industrial Inc. 759,544 17,864
Evercore Partners Inc. Class A 338,821 17,504
Parkway Properties Inc. 981,147 17,023
Ramco-Gershenson Properties Trust 912,950 16,981

 

 

  Corporate Office Properties Trust 549,811 16,153
  FelCor Lodging Trust Inc. 1,316,665 15,129
* St. Joe Co. 814,963 15,126
  Hersha Hospitality Trust Class A 2,223,498 14,386
  HFF Inc. Class A 376,978 14,152
  Acadia Realty Trust 401,089 13,990
* First Cash Financial Services Inc. 299,913 13,952
  Virtus Investment Partners Inc. 101,231 13,238
  Xenia Hotels & Resorts Inc. 574,263 13,065
* Essent Group Ltd. 544,610 13,022
  TFS Financial Corp. 877,848 12,887
  DuPont Fabros Technology Inc. 388,835 12,707
  Greenhill & Co. Inc. 314,638 12,475
* Encore Capital Group Inc. 287,920 11,975
  LegacyTexas Financial Group Inc. 505,231 11,484
  Aviv REIT Inc. 314,140 11,466
*,^ Nationstar Mortgage Holdings Inc. 450,199 11,151
  Alexander's Inc. 24,055 10,983
^ Lexington Realty Trust 1,105,631 10,868
* FCB Financial Holdings Inc. Class A 395,829 10,834
*,^ Ocwen Financial Corp. 1,186,142 9,786
  Cohen & Steers Inc. 237,271 9,716
  American Assets Trust Inc. 217,961 9,433
* Capital Bank Financial Corp. 301,160 8,315
  InfraREIT Inc. 276,730 7,912
* HealthEquity Inc. 290,122 7,250
*,^ Walter Investment Management Corp. 430,502 6,953
  Monogram Residential Trust Inc. 736,008 6,860
  Altisource Residential Corp. 327,971 6,841
  Silver Bay Realty Trust Corp. 406,586 6,570
  Moelis & Co. Class A 216,547 6,522
* Ladder Capital Corp. 333,234 6,168
  Starwood Waypoint Residential Trust 211,215 5,460
  Inland Real Estate Corp. 500,888 5,355
  Investors Real Estate Trust 707,786 5,308
  Employers Holdings Inc. 180,745 4,878
  CareTrust REIT Inc. 352,976 4,786
* Tejon Ranch Co. 172,644 4,566
* PICO Holdings Inc. 275,415 4,465
  GAMCO Investors Inc. 55,262 4,339
  Northfield Bancorp Inc. 281,243 4,168
  National Bank Holdings Corp. Class A 217,546 4,092
* PennyMac Financial Services Inc. Class A 234,371 3,977
  Urstadt Biddle Properties Inc. Class A 148,600 3,427
* On Deck Capital Inc. 154,801 3,296
* Forestar Group Inc. 200,704 3,165
* NewStar Financial Inc. 259,297 3,042
*,^ Altisource Asset Management Corp. 12,988 2,404
*,^ Altisource Portfolio Solutions SA 156,919 2,020
* Blackhawk Network Holdings Inc. 5,350 191
* Tejon Ranch Co. Warrants Exp. 08/31/2016 28,628 23
      3,392,382
Health Care (15.8%)    
  Cooper Cos. Inc. 569,965 106,823
* United Therapeutics Corp. 523,164 90,212
*,^ Isis Pharmaceuticals Inc. 1,394,052 88,759
* Centene Corp. 1,246,072 88,085

 

 

* Alnylam Pharmaceuticals Inc. 790,717 82,567
* MEDNAX Inc. 1,133,766 82,209
* Brookdale Senior Living Inc. 2,165,315 81,762
* Puma Biotechnology Inc. 313,598 74,044
* Sirona Dental Systems Inc. 684,186 61,570
* DexCom Inc. 868,956 54,171
* Alkermes plc 873,586 53,263
* Team Health Holdings Inc. 842,207 49,278
  West Pharmaceutical Services Inc. 801,479 48,257
* Receptos Inc. 292,279 48,194
* Cepheid 831,649 47,321
* PAREXEL International Corp. 646,567 44,607
  Bio-Techne Corp. 438,194 43,946
* Align Technology Inc. 805,336 43,315
* Akorn Inc. 890,683 42,316
* Acadia Healthcare Co. Inc. 545,156 39,033
* Seattle Genetics Inc. 1,096,454 38,760
* Impax Laboratories Inc. 798,693 37,435
* Pacira Pharmaceuticals Inc. 406,237 36,094
*,^ OPKO Health Inc. 2,512,550 35,603
* ABIOMED Inc. 436,543 31,248
* Agios Pharmaceuticals Inc. 328,621 30,989
* ACADIA Pharmaceuticals Inc. 941,885 30,696
*,^ Myriad Genetics Inc. 861,249 30,488
* Synageva BioPharma Corp. 282,721 27,574
* Horizon Pharma plc 1,049,342 27,251
* Catalent Inc. 874,455 27,239
* Haemonetics Corp. 606,114 27,227
* Thoratec Corp. 632,055 26,477
* NuVasive Inc. 568,369 26,139
* Intercept Pharmaceuticals Inc. 91,248 25,734
  Healthcare Services Group Inc. 796,796 25,601
* Dyax Corp. 1,525,499 25,560
* Ironwood Pharmaceuticals Inc. Class A 1,476,269 23,620
* Anacor Pharmaceuticals Inc. 404,008 23,372
*,^ Exact Sciences Corp. 1,042,830 22,963
*,^ Intrexon Corp. 493,696 22,399
* Insulet Corp. 664,402 22,158
* Bruker Corp. 1,189,882 21,977
* Medicines Co. 770,054 21,577
* Globus Medical Inc. 792,040 19,991
* Bluebird Bio Inc. 162,917 19,675
* Air Methods Corp. 415,292 19,348
* Neogen Corp. 413,248 19,311
* Cyberonics Inc. 294,168 19,097
* Neurocrine Biosciences Inc. 470,271 18,674
  Cantel Medical Corp. 391,021 18,573
* Lannett Co. Inc. 273,877 18,544
* Masimo Corp. 557,302 18,380
* Nektar Therapeutics 1,552,611 17,079
* Halozyme Therapeutics Inc. 1,180,720 16,861
* HeartWare International Inc. 190,219 16,696
* Acorda Therapeutics Inc. 493,723 16,431
* ARIAD Pharmaceuticals Inc. 1,983,337 16,343
  Abaxis Inc. 252,021 16,157
* HMS Holdings Corp. 1,033,351 15,965
* ICU Medical Inc. 167,074 15,561

 

 

*,^ Keryx Biopharmaceuticals Inc. 1,190,114 15,150
^ Theravance Inc. 950,630 14,944
*,^ MannKind Corp. 2,865,386 14,900
*,^ Merrimack Pharmaceuticals Inc. 1,121,671 13,325
  Analogic Corp. 145,599 13,235
* Endologix Inc. 751,939 12,836
* Arena Pharmaceuticals Inc. 2,840,646 12,414
* Novavax Inc. 1,479,336 12,234
* NxStage Medical Inc. 674,753 11,673
* Tornier NV 432,916 11,351
* Bio-Reference Laboratories Inc. 294,126 10,365
* Emergent Biosolutions Inc. 353,987 10,181
* IPC Healthcare Inc. 207,197 9,664
* Insys Therapeutics Inc. 164,646 9,571
* Quidel Corp. 344,994 9,308
* ImmunoGen Inc. 1,014,179 9,077
  Meridian Bioscience Inc. 466,606 8,903
* Relypsa Inc. 238,011 8,585
* Momenta Pharmaceuticals Inc. 562,331 8,547
* Amedisys Inc. 314,398 8,420
* Aegerion Pharmaceuticals Inc. 318,834 8,344
* Accuray Inc. 892,920 8,304
*,^ Juno Therapeutics Inc. 133,090 8,073
* VWR Corp. 309,383 8,041
* Ligand Pharmaceuticals Inc. 103,682 7,995
* Luminex Corp. 463,992 7,424
* ZS Pharma Inc. 176,336 7,420
* Healthways Inc. 354,209 6,978
  Ensign Group Inc. 136,216 6,383
* HealthStream Inc. 250,640 6,316
* Sagent Pharmaceuticals Inc. 268,918 6,252
*,^ Sarepta Therapeutics Inc. 448,869 5,961
* Genomic Health Inc. 186,724 5,704
*,^ Sequenom Inc. 1,406,041 5,554
*,^ Exelixis Inc. 2,118,759 5,445
* Theravance Biopharma Inc. 291,836 5,063
* Epizyme Inc. 262,542 4,931
* Merit Medical Systems Inc. 249,006 4,793
* Spectrum Pharmaceuticals Inc. 698,609 4,241
* CorVel Corp. 119,994 4,129
* INC Research Holdings Inc. Class A 123,709 4,049
* Radius Health Inc. 97,668 4,020
* Acceleron Pharma Inc. 104,381 3,973
* Spark Therapeutics Inc. 43,407 3,364
* Lexicon Pharmaceuticals Inc. 3,413,554 3,223
* FibroGen Inc. 102,204 3,207
*,^ VIVUS Inc. 1,065,279 2,621
* BioScrip Inc. 393,943 1,745
* Wright Medical Group Inc. CVR 165,303 711
      2,619,546
Industrials (18.1%)    
  Acuity Brands Inc. 511,796 86,064
* Keysight Technologies Inc. 1,980,431 73,573
* CoStar Group Inc. 362,240 71,662
  Jack Henry & Associates Inc. 964,966 67,441
  Waste Connections Inc. 1,389,829 66,906
* Vantiv Inc. Class A 1,716,353 64,706

 

 

* Old Dominion Freight Line Inc. 811,181 62,704
* Genesee & Wyoming Inc. Class A 623,304 60,111
  AO Smith Corp. 899,260 59,045
  Hexcel Corp. 1,129,840 58,096
* HD Supply Holdings Inc. 1,848,171 57,580
* Zebra Technologies Corp. 600,922 54,513
  Nordson Corp. 694,834 54,433
  Lincoln Electric Holdings Inc. 817,762 53,473
  Lennox International Inc. 474,537 53,001
  MAXIMUS Inc. 777,178 51,884
  Graco Inc. 696,090 50,230
* WEX Inc. 457,821 49,152
* Cognex Corp. 970,179 48,111
  Eagle Materials Inc. 563,645 47,098
* Kirby Corp. 624,471 46,867
  Packaging Corp. of America 580,454 45,386
* Genpact Ltd. 1,916,812 44,566
  Fortune Brands Home & Security Inc. 936,182 44,450
  Toro Co. 627,718 44,016
  Air Lease Corp. Class A 1,147,834 43,319
  MSC Industrial Direct Co. Inc. Class A 573,215 41,386
* USG Corp. 1,538,237 41,071
  CLARCOR Inc. 592,454 39,137
  National Instruments Corp. 1,209,647 38,757
* XPO Logistics Inc. 842,907 38,327
  Watsco Inc. 302,215 37,988
  FEI Co. 493,419 37,668
*,^ IPG Photonics Corp. 400,272 37,105
  Woodward Inc. 690,540 35,224
  Landstar System Inc. 528,622 35,048
  Manitowoc Co. Inc. 1,600,396 34,504
* Clean Harbors Inc. 601,346 34,144
  Corporate Executive Board Co. 396,960 31,701
* DigitalGlobe Inc. 853,925 29,093
* Swift Transportation Co. 1,019,039 26,515
* Advisory Board Co. 471,578 25,126
*,^ Ambarella Inc. 322,633 24,427
* Cimpress NV 287,768 24,282
  Mueller Industries Inc. 670,057 24,209
  Knight Transportation Inc. 716,450 23,105
  HEICO Corp. Class A 435,959 21,597
* Universal Display Corp. 457,702 21,398
* On Assignment Inc. 554,503 21,276
* WageWorks Inc. 397,434 21,195
  RBC Bearings Inc. 261,346 20,003
* Cardtronics Inc. 527,419 19,831
* Trex Co. Inc. 357,978 19,521
  Forward Air Corp. 358,726 19,479
* Proto Labs Inc. 273,560 19,149
  Heartland Payment Systems Inc. 404,985 18,974
  EnPro Industries Inc. 284,833 18,785
* ExamWorks Group Inc. 447,760 18,636
  Simpson Manufacturing Co. Inc. 489,757 18,302
  Franklin Electric Co. Inc. 475,623 18,140
* Huron Consulting Group Inc. 269,491 17,827
* Rogers Corp. 216,687 17,814
* TriNet Group Inc. 491,618 17,320

 

 

* OSI Systems Inc. 221,411 16,442
* TriMas Corp. 532,081 16,383
* Hub Group Inc. Class A 410,962 16,147
  Heartland Express Inc. 620,016 14,732
* Veeco Instruments Inc. 475,151 14,516
  Tennant Co. 216,537 14,155
  Outerwall Inc. 212,086 14,023
  Apogee Enterprises Inc. 324,204 14,006
* Louisiana-Pacific Corp. 836,937 13,818
  HEICO Corp. 224,440 13,707
* ExlService Holdings Inc. 367,273 13,663
  AZZ Inc. 287,893 13,413
* LifeLock Inc. 940,842 13,275
* Imperva Inc. 301,413 12,870
  Exponent Inc. 143,804 12,784
* FARO Technologies Inc. 203,896 12,668
* Armstrong World Industries Inc. 210,896 12,120
* KLX Inc. 312,069 12,027
* II-VI Inc. 646,568 11,936
* Wabash National Corp. 812,027 11,450
  AAON Inc. 449,319 11,022
  Sun Hydraulics Corp. 266,271 11,013
  Mobile Mini Inc. 258,048 11,003
  Sturm Ruger & Co. Inc. 220,471 10,942
  Advanced Drainage Systems Inc. 345,762 10,352
* M/A-COM Technology Solutions Holdings Inc. 277,069 10,324
  Lindsay Corp. 134,364 10,245
  Methode Electronics Inc. 214,383 10,085
  Badger Meter Inc. 161,580 9,685
* Coherent Inc. 145,455 9,449
  H&E Equipment Services Inc. 373,741 9,340
  Raven Industries Inc. 448,103 9,168
* Team Inc. 235,194 9,168
* RPX Corp. 604,732 8,702
* Thermon Group Holdings Inc. 358,792 8,636
  EVERTEC Inc. 390,074 8,527
* Navistar International Corp. 287,486 8,481
* Roadrunner Transportation Systems Inc. 335,016 8,466
  Mueller Water Products Inc. Class A 851,384 8,386
* Smith & Wesson Holding Corp. 645,196 8,213
  Quanex Building Products Corp. 409,560 8,085
  Primoris Services Corp. 433,727 7,456
* Continental Building Products Inc. 311,746 7,042
  Albany International Corp. 172,770 6,868
  Gorman-Rupp Co. 222,283 6,657
* Aerovironment Inc. 239,445 6,348
  American Railcar Industries Inc. 116,155 5,776
* DXP Enterprises Inc. 122,248 5,390
* Paylocity Holding Corp. 182,098 5,215
* Nortek Inc. 58,082 5,126
  Griffon Corp. 254,550 4,437
*,^ Bazaarvoice Inc. 707,477 3,997
* Mistras Group Inc. 190,133 3,662
* Ply Gem Holdings Inc. 242,447 3,152
  Acacia Research Corp. 287,831 3,080
* InnerWorkings Inc. 448,504 3,014

 

 

* Inovalon Holdings Inc. Class A 40,477 1,223
      2,998,321
Oil & Gas (3.6%)    
  Targa Resources Corp. 581,987 55,748
* Diamondback Energy Inc. 660,288 50,736
* Gulfport Energy Corp. 1,009,231 46,334
  SemGroup Corp. Class A 513,265 41,749
* Dril-Quip Inc. 441,385 30,186
* Carrizo Oil & Gas Inc. 567,126 28,158
  Rowan Cos. plc Class A 1,465,992 25,963
* PDC Energy Inc. 465,400 25,150
*,^ Oasis Petroleum Inc. 1,424,344 20,254
* Cobalt International Energy Inc. 2,019,303 19,002
* Memorial Resource Development Corp. 1,025,287 18,189
* Rice Energy Inc. 802,009 17,452
  Pattern Energy Group Inc. Class A 609,703 17,267
* Matador Resources Co. 778,173 17,057
* Rosetta Resources Inc. 865,957 14,739
* Chart Industries Inc. 359,377 12,605
* RSP Permian Inc. 490,864 12,365
* Parsley Energy Inc. Class A 719,548 11,498
* Bonanza Creek Energy Inc. 454,751 11,214
* SunPower Corp. Class A 309,646 9,695
*,^ SandRidge Energy Inc. 5,421,766 9,651
* Flotek Industries Inc. 597,350 8,805
*,^ Laredo Petroleum Inc. 663,100 8,647
  RPC Inc. 643,258 8,240
*,^ Sanchez Energy Corp. 621,154 8,081
* Forum Energy Technologies Inc. 360,107 7,058
*,^ Magnum Hunter Resources Corp. 2,279,123 6,085
* C&J Energy Services Ltd. 534,409 5,948
*,^ Penn Virginia Corp. 864,267 5,600
* Northern Oil and Gas Inc. 609,985 4,703
*,^ Halcon Resources Corp. 2,806,096 4,321
^ Energy XXI Ltd. 1,000,757 3,643
* Clayton Williams Energy Inc. 71,630 3,627
^ CARBO Ceramics Inc. 117,392 3,582
* Hornbeck Offshore Services Inc. 188,282 3,541
* Eclipse Resources Corp. 523,979 2,945
*,^ Approach Resources Inc. 429,923 2,833
* Jones Energy Inc. Class A 281,974 2,532
* Bill Barrett Corp. 283,937 2,357
*,^ Rex Energy Corp. 541,368 2,014
* Contango Oil & Gas Co. 91,229 2,007
* Pioneer Energy Services Corp. 357,063 1,935
* ION Geophysical Corp. 774,481 1,681
* Geospace Technologies Corp. 73,447 1,213
^ Comstock Resources Inc. 238,204 850
* PetroQuest Energy Inc. 13,807 32
* Solazyme Inc. 8,335 24
      597,316
Technology (15.6%)    
  CDK Global Inc. 1,898,450 88,772
* SunEdison Inc. 3,037,434 72,898
* Cadence Design Systems Inc. 3,449,276 63,605
  IAC/InterActiveCorp 920,547 62,109

 

 

* Fortinet Inc. 1,653,466 57,789
* Informatica Corp. 1,282,283 56,235
* Ultimate Software Group Inc. 318,087 54,060
* athenahealth Inc. 450,694 53,808
  SS&C Technologies Holdings Inc. 845,342 52,665
* Tableau Software Inc. Class A 526,855 48,745
* PTC Inc. 1,288,290 46,597
* Tyler Technologies Inc. 376,494 45,379
* Manhattan Associates Inc. 875,991 44,334
* Guidewire Software Inc. 821,160 43,201
* Cavium Inc. 604,535 42,813
  Solera Holdings Inc. 792,948 40,964
* Aspen Technology Inc. 1,041,069 40,071
* SolarWinds Inc. 764,941 39,196
  Atmel Corp. 4,666,054 38,402
* Riverbed Technology Inc. 1,768,742 36,984
* JDS Uniphase Corp. 2,745,591 36,022
* Synaptics Inc. 433,209 35,222
* Integrated Device Technology Inc. 1,749,750 35,030
*,^ 3D Systems Corp. 1,246,628 34,183
* Qlik Technologies Inc. 1,065,679 33,175
  Fair Isaac Corp. 370,901 32,906
* ViaSat Inc. 505,946 30,159
* Aruba Networks Inc. 1,227,406 30,059
* Medidata Solutions Inc. 608,210 29,827
* Infinera Corp. 1,513,613 29,773
* ACI Worldwide Inc. 1,364,033 29,545
* EPAM Systems Inc. 480,550 29,453
* EchoStar Corp. Class A 519,207 26,853
  Plantronics Inc. 506,100 26,798
* Finisar Corp. 1,217,458 25,981
  Blackbaud Inc. 545,115 25,828
  Advent Software Inc. 585,383 25,821
* Freescale Semiconductor Ltd. 630,969 25,718
* Dealertrack Technologies Inc. 640,009 24,653
* Allscripts Healthcare Solutions Inc. 2,015,768 24,109
*,^ Arista Networks Inc. 332,562 23,456
* Ciena Corp. 1,210,432 23,373
*,^ Cree Inc. 657,006 23,317
* Proofpoint Inc. 391,313 23,174
* Electronics For Imaging Inc. 551,977 23,045
* Silicon Laboratories Inc. 446,409 22,664
  Tessera Technologies Inc. 560,470 22,576
* Entegris Inc. 1,642,094 22,480
  InterDigital Inc. 437,069 22,177
* Demandware Inc. 363,295 22,125
  Monolithic Power Systems Inc. 410,453 21,610
* CommVault Systems Inc. 475,604 20,784
* Envestnet Inc. 363,771 20,400
* Synchronoss Technologies Inc. 405,424 19,241
* Fleetmatics Group plc 422,043 18,929
* MicroStrategy Inc. Class A 110,422 18,682
* IGATE Corp. 428,471 18,279
* NetScout Systems Inc. 412,379 18,083
* Syntel Inc. 344,387 17,815
* Ellie Mae Inc. 321,394 17,776
* Veeva Systems Inc. Class A 695,110 17,746

 

 

  Cogent Communications Holdings Inc. 489,825 17,305
  Power Integrations Inc. 327,945 17,079
* Cornerstone OnDemand Inc. 567,334 16,390
* Rambus Inc. 1,288,596 16,204
* LogMeIn Inc. 273,472 15,312
  Monotype Imaging Holdings Inc. 462,613 15,100
* Super Micro Computer Inc. 438,542 14,564
* Zendesk Inc. 638,267 14,482
* Shutterstock Inc. 208,590 14,324
* Infoblox Inc. 591,408 14,117
*,^ Endurance International Group Holdings Inc. 701,058 13,362
*,^ InvenSense Inc. 850,415 12,935
* Ruckus Wireless Inc. 967,210 12,448
  NIC Inc. 692,491 12,236
* Bottomline Technologies de Inc. 445,799 12,202
* RealPage Inc. 602,732 12,139
* Diodes Inc. 420,022 11,996
* BroadSoft Inc. 343,036 11,478
*,^ Gogo Inc. 602,136 11,477
* Web.com Group Inc. 587,775 11,138
* Loral Space & Communications Inc. 151,280 10,354
* Marketo Inc. 388,146 9,944
^ Ubiquiti Networks Inc. 310,207 9,167
* Lattice Semiconductor Corp. 1,392,547 8,829
  Pegasystems Inc. 404,565 8,799
* Interactive Intelligence Group Inc. 198,687 8,182
*,^ Nimble Storage Inc. 355,131 7,923
* RingCentral Inc. Class A 468,671 7,185
* Barracuda Networks Inc. 185,475 7,135
* Cvent Inc. 249,824 7,005
* Actua Corp. 438,848 6,798
* MedAssets Inc. 354,298 6,668
* Cray Inc. 232,849 6,538
  Computer Programs & Systems Inc. 118,678 6,439
* Inphi Corp. 359,011 6,401
* Blucora Inc. 446,141 6,094
* LivePerson Inc. 584,877 5,986
* Intralinks Holdings Inc. 567,594 5,869
*,^ Textura Corp. 215,352 5,853
* Tangoe Inc. 422,453 5,830
* Ultratech Inc. 324,458 5,626
* Gigamon Inc. 255,133 5,419
* CEVA Inc. 243,916 5,200
* Ixia 425,300 5,159
* Paycom Software Inc. 158,506 5,082
* Applied Micro Circuits Corp. 897,761 4,579
* HubSpot Inc. 114,340 4,562
* Sonus Networks Inc. 565,097 4,453
  Forrester Research Inc. 120,766 4,442
  Quality Systems Inc. 273,090 4,364
* Quantum Corp. 2,625,516 4,201
* MobileIron Inc. 447,268 4,142
* Calix Inc. 489,449 4,106
* Comverse Inc. 206,356 4,065
*,^ Benefitfocus Inc. 105,292 3,874
* Harmonic Inc. 518,286 3,840
* Silicon Graphics International Corp. 413,684 3,595

 

 

* Mercury Systems Inc.     190,946 2,969
*,^ Box Inc.     147,238 2,908
* New Relic Inc.     83,077 2,883
*,^ Castlight Health Inc. Class B     352,623 2,736
*,^ OPOWER Inc.     264,806 2,682
*,^ Rocket Fuel Inc.     274,327 2,524
* Jive Software Inc.     421,575 2,163
* Hortonworks Inc.     73,479 1,752
*,^ VirnetX Holding Corp.     260,827 1,588
* ChannelAdvisor Corp.     124,607 1,207
  Cypress Semiconductor Corp.     1,459 21
          2,580,903
Telecommunications (0.2%)        
*,^ Globalstar Inc.     4,574,909 15,234
* Cincinnati Bell Inc.     2,468,448 8,714
          23,948
Utilities (0.7%)        
  ITC Holdings Corp.     1,837,656 68,784
  TerraForm Power Inc. Class A     593,517 21,669
  Ormat Technologies Inc.     402,020 15,285
* Vivint Solar Inc.     254,388 3,088
  Atlantic Power Corp.     729,940 2,051
          110,877
Total Common Stocks (Cost $12,199,004)       16,539,250
    Coupon      
Temporary Cash Investments (1.9%)1        
Money Market Fund (1.9%)        
2,3 Vanguard Market Liquidity Fund 0.128%   316,642,345 316,642
 
        Face  
      Maturity Amount  
      Date ($000)  
U.S. Government and Agency Obligations (0.0%)        
4,5 Fannie Mae Discount Notes 0.130% 4/27/15 4,000 4,000
Total Temporary Cash Investments (Cost $320,642)       320,642
Total Investments (101.8%) (Cost $12,519,646)       16,859,892
Other Assets and Liabilities-Net (-1.8%)3       (298,028)
Net Assets (100%)       16,561,864

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $276,835,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 100.0% and 1.8%, respectively, of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
3 Includes $291,974,000 of collateral received for securities on loan.
4 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
5 Securities with a value of $1,000,000 have been segregated as initial margin for open futures contracts.
REIT—Real Estate Investment Trust.

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

 

Small-Cap Growth Index Fund

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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

B. Various inputs may be used to determine the value of the fund's investments. 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).

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 16,539,250 — —
Temporary Cash Investments 316,642 4,000 —
Futures Contracts—Liabilities1 (49) — —
Total 16,855,843 4,000 —
1 Represents variation margin on the last day of the reporting period.

 

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.

 

Small-Cap Growth Index Fund

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

      ($000)
 
      Aggregate  
    Number of Settlement Unrealized
    Long (Short) Value Long Appreciation
Futures Contracts Expiration Contracts (Short) (Depreciation) 
E-mini Russell 2000 Index June 2015 183 22,855 186

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.

D. At March 31, 2015, the cost of investment securities for tax purposes was $12,519,646,000. Net unrealized appreciation of investment securities for tax purposes was $4,340,246,000, consisting of unrealized gains of $4,925,443,000 on securities that had risen in value since their purchase and $585,197,000 in unrealized losses on securities that had fallen in value since their purchase.


Vanguard Small-Cap Value Index Fund

Schedule of Investments
As of March 31, 2015

      Market
      Value
    Shares ($000)
Common Stocks (99.6%)1    
Basic Materials (4.5%)    
  RPM International Inc. 1,358,503 65,195
  Steel Dynamics Inc. 2,319,805 46,628
  United States Steel Corp. 1,479,468 36,099
  PolyOne Corp. 905,041 33,803
  Axiall Corp. 713,025 33,469
  Sensient Technologies Corp. 482,702 33,249
  Allegheny Technologies Inc. 1,103,385 33,113
  Compass Minerals International Inc. 341,460 31,828
  Domtar Corp. 654,875 30,268
  Cabot Corp. 582,478 26,212
  Olin Corp. 786,012 25,184
  HB Fuller Co. 511,813 21,941
  Commercial Metals Co. 1,192,853 19,312
* Chemtura Corp. 704,152 19,216
  Worthington Industries Inc. 518,875 13,807
^ Peabody Energy Corp. 2,794,310 13,748
  A Schulman Inc. 280,695 13,530
  Kaiser Aluminum Corp. 168,499 12,956
  Minerals Technologies Inc. 176,181 12,879
  Tronox Ltd. Class A 619,667 12,598
* Clearwater Paper Corp. 188,669 12,320
  Innophos Holdings Inc. 216,262 12,189
  PH Glatfelter Co. 436,796 12,025
* Resolute Forest Products Inc. 672,372 11,598
  Hecla Mining Co. 3,754,419 11,188
  Quaker Chemical Corp. 128,470 11,002
  Innospec Inc. 234,423 10,875
  Carpenter Technology Corp. 253,630 9,861
  OM Group Inc. 297,485 8,934
* LSB Industries Inc. 195,405 8,076
  Stepan Co. 192,276 8,010
* Stillwater Mining Co. 612,322 7,911
*,^ AK Steel Holding Corp. 1,716,627 7,673
* Century Aluminum Co. 497,352 6,863
^ Cliffs Natural Resources Inc. 1,402,787 6,747
* Kraton Performance Polymers Inc. 320,510 6,478
  Rayonier Advanced Materials Inc. 433,796 6,464
* Ferro Corp. 442,646 5,555
  Tredegar Corp. 263,637 5,302
  SunCoke Energy Inc. 320,821 4,793
  Koppers Holdings Inc. 198,580 3,908
* Cloud Peak Energy Inc. 622,295 3,622
  Kronos Worldwide Inc. 236,289 2,989
  FutureFuel Corp. 222,980 2,290
*,^ Alpha Natural Resources Inc. 2,267,698 2,267
*,^ Arch Coal Inc. 2,172,130 2,172
*,^ FMSA Holdings Inc. 120,213 870

 

 

* NL Industries Inc. 76,124 590
      727,607
Consumer Goods (6.8%)    
  Snap-on Inc. 590,433 86,829
  Goodyear Tire & Rubber Co. 2,737,896 74,142
  Leggett & Platt Inc. 1,334,939 61,527
  Ingredion Inc. 726,342 56,524
  Pinnacle Foods Inc. 1,122,440 45,807
* Visteon Corp. 451,422 43,517
  Dana Holding Corp. 1,673,733 35,416
* TreeHouse Foods Inc. 412,487 35,070
* Tenneco Inc. 591,441 33,961
  Scotts Miracle-Gro Co. Class A 463,533 31,136
  Thor Industries Inc. 488,071 30,851
  Tupperware Brands Corp. 429,526 29,646
* Herbalife Ltd. 655,056 28,010
  HNI Corp. 450,970 24,880
  Cooper Tire & Rubber Co. 524,666 22,477
* Helen of Troy Ltd. 274,376 22,359
  Spectrum Brands Holdings Inc. 216,363 19,377
  Snyder's-Lance Inc. 571,044 18,251
* American Axle & Manufacturing Holdings Inc. 692,875 17,897
  Avon Products Inc. 2,207,098 17,635
  Columbia Sportswear Co. 284,263 17,312
^ Sanderson Farms Inc. 212,120 16,895
^ Nu Skin Enterprises Inc. Class A 271,104 16,323
  Herman Miller Inc. 575,379 15,973
* Iconix Brand Group Inc. 463,239 15,597
  Steelcase Inc. Class A 813,908 15,415
  Dean Foods Co. 909,316 15,031
  La-Z-Boy Inc. 520,536 14,632
^ KB Home 934,826 14,602
* Vista Outdoor Inc. 324,786 13,907
  Fresh Del Monte Produce Inc. 349,003 13,580
  Schweitzer-Mauduit International Inc. 294,384 13,577
* Seaboard Corp. 2,969 12,268
  Cal-Maine Foods Inc. 287,682 11,237
  Knoll Inc. 469,446 10,999
  Andersons Inc. 264,220 10,931
* Take-Two Interactive Software Inc. 407,105 10,363
  Universal Corp. 218,179 10,289
* ACCO Brands Corp. 1,138,880 9,464
* Crocs Inc. 796,135 9,402
  Lancaster Colony Corp. 97,231 9,254
  Briggs & Stratton Corp. 434,150 8,917
* Cooper-Standard Holding Inc. 138,635 8,207
  Ethan Allen Interiors Inc. 264,814 7,319
* Taylor Morrison Home Corp. Class A 336,171 7,009
* Modine Manufacturing Co. 486,858 6,558
  Remy International Inc. 292,358 6,493
* Eastman Kodak Co. 319,425 6,066
  Tootsie Roll Industries Inc. 175,653 5,958
  Inter Parfums Inc. 173,102 5,647
  Movado Group Inc. 179,376 5,116
  Superior Industries International Inc. 230,712 4,367
*,^ Hovnanian Enterprises Inc. Class A 1,205,081 4,290
  Titan International Inc. 438,280 4,102

 

 

* Federal-Mogul Holdings Corp. 305,959 4,072
* Central Garden and Pet Co. Class A 331,800 3,524
  National Presto Industries Inc. 52,955 3,357
*,^ Elizabeth Arden Inc. 213,024 3,323
* Quiksilver Inc. 1,332,254 2,465
* Central Garden and Pet Co. 85,360 843
      1,109,996
Consumer Services (13.6%)    
  Alaska Air Group Inc. 1,333,461 88,248
* Rite Aid Corp. 9,972,292 86,659
  Gannett Co. Inc. 2,304,102 85,436
  Omnicare Inc. 986,441 76,015
* Avis Budget Group Inc. 1,080,300 63,754
  KAR Auction Services Inc. 1,434,992 54,429
* JetBlue Airways Corp. 2,683,779 51,663
  Service Corp. International 1,957,821 51,001
* Office Depot Inc. 5,524,421 50,825
  Graham Holdings Co. Class B 46,794 49,116
  Cinemark Holdings Inc. 1,057,695 47,670
  Dun & Bradstreet Corp. 365,383 46,901
  Foot Locker Inc. 721,594 45,460
* VCA Inc. 811,780 44,502
  International Game Technology 2,526,062 43,979
^ GameStop Corp. Class A 1,102,242 41,841
  Brinker International Inc. 641,147 39,469
  Cablevision Systems Corp. Class A 2,123,607 38,862
  Cracker Barrel Old Country Store Inc. 243,075 36,981
  Casey's General Stores Inc. 393,381 35,444
  Dillard's Inc. Class A 245,378 33,497
  CST Brands Inc. 749,379 32,845
* Murphy USA Inc. 441,329 31,939
  Wendy's Co. 2,800,496 30,525
* Starz 839,406 28,884
  American Eagle Outfitters Inc. 1,679,248 28,682
  John Wiley & Sons Inc. Class A 451,746 27,620
  Big Lots Inc. 542,984 26,080
* Houghton Mifflin Harcourt Co. 1,083,045 25,430
* SUPERVALU Inc. 2,124,247 24,705
  Men's Wearhouse Inc. 464,210 24,232
*,^ JC Penney Co. Inc. 2,786,733 23,436
  Lithia Motors Inc. Class A 228,592 22,724
  Choice Hotels International Inc. 354,575 22,718
  Time Inc. 1,000,983 22,462
  Sinclair Broadcast Group Inc. Class A 706,964 22,206
  Penske Automotive Group Inc. 412,444 21,237
  Meredith Corp. 378,349 21,101
* Asbury Automotive Group Inc. 251,959 20,938
  AMERCO 59,745 19,740
  Chemed Corp. 164,341 19,622
  Group 1 Automotive Inc. 221,778 19,146
  Dolby Laboratories Inc. Class A 497,134 18,971
  Aaron's Inc. 662,693 18,761
  Hillenbrand Inc. 607,678 18,759
  DineEquity Inc. 174,932 18,719
  New York Times Co. Class A 1,346,492 18,528
  Regal Entertainment Group Class A 807,455 18,442
  DeVry Education Group Inc. 550,936 18,379

 

 

* Apollo Education Group Inc. 931,584 17,626
  Matthews International Corp. Class A 318,339 16,398
* Beacon Roofing Supply Inc. 503,160 15,749
  Abercrombie & Fitch Co. 704,821 15,534
^ Buckle Inc. 294,692 15,056
* ServiceMaster Global Holdings Inc. 443,616 14,972
  Rent-A-Center Inc. 511,033 14,023
  Brown Shoe Co. Inc. 422,758 13,866
* Acxiom Corp. 746,518 13,803
  Bloomin' Brands Inc. 565,802 13,766
  SeaWorld Entertainment Inc. 686,418 13,234
  Children's Place Inc. 204,493 13,126
* Express Inc. 727,477 12,025
*,^ Penn National Gaming Inc. 719,258 11,264
  Guess? Inc. 605,766 11,261
*,^ Sears Holdings Corp. 270,343 11,187
  Scholastic Corp. 267,971 10,971
* Boyd Gaming Corp. 770,750 10,945
  Bob Evans Farms Inc. 227,731 10,535
* Pinnacle Entertainment Inc. 289,299 10,441
* Barnes & Noble Inc. 428,325 10,173
  Cato Corp. Class A 252,572 10,002
  Sabre Corp. 404,333 9,825
  International Speedway Corp. Class A 270,440 8,819
* Lands' End Inc. 243,637 8,742
* Rush Enterprises Inc. Class A 303,315 8,299
  Sonic Automotive Inc. Class A 318,356 7,927
* Regis Corp. 448,844 7,343
  Capella Education Co. 111,715 7,248
  SkyWest Inc. 495,647 7,241
  Core-Mark Holding Co. Inc. 111,501 7,172
  Stage Stores Inc. 305,603 7,004
*,^ Caesars Entertainment Corp. 587,362 6,185
  Fred's Inc. Class A 356,774 6,097
  Pier 1 Imports Inc. 434,669 6,077
* Steiner Leisure Ltd. 124,312 5,892
  Finish Line Inc. Class A 237,400 5,821
* FTD Cos. Inc. 193,062 5,780
* Strayer Education Inc. 105,481 5,634
  Weis Markets Inc. 109,505 5,449
  New Media Investment Group Inc. 226,348 5,417
* Pep Boys-Manny Moe & Jack 517,671 4,980
* K12 Inc. 312,818 4,917
*,^ TrueCar Inc. 235,932 4,211
  Harte-Hanks Inc. 505,979 3,947
  Clear Channel Outdoor Holdings Inc. Class A 368,439 3,729
* Ruby Tuesday Inc. 600,046 3,606
* Biglari Holdings Inc. 8,430 3,491
  Speedway Motorsports Inc. 126,511 2,878
* Smart & Final Stores Inc. 148,366 2,611
* Liquidity Services Inc. 245,113 2,422
*,^ Weight Watchers International Inc. 290,029 2,027
* Rush Enterprises Inc. Class B 76,371 1,888
* Bridgepoint Education Inc. 160,556 1,549
* Aeropostale Inc. 360,004 1,249
* Sears Hometown and Outlet Stores Inc. 126,444 976
      2,220,993

 

 

Financials (29.3%)    
Arthur J Gallagher & Co. 1,673,375 78,230
^ NorthStar Realty Finance Corp. 3,267,856 59,214
East West Bancorp Inc. 1,458,098 58,995
Apartment Investment & Management Co. 1,460,789 57,497
* Liberty Ventures Class A 1,364,782 57,335
HCC Insurance Holdings Inc. 983,185 55,717
National Retail Properties Inc. 1,342,962 55,021
Liberty Property Trust 1,512,318 53,990
Senior Housing Properties Trust 2,386,579 52,958
Starwood Property Trust Inc. 2,156,933 52,413
Hospitality Properties Trust 1,522,581 50,230
Corrections Corp. of America 1,186,245 47,758
Eaton Vance Corp. 1,137,124 47,350
American Financial Group Inc. 709,006 45,483
* Forest City Enterprises Inc. Class A 1,753,792 44,757
RenaissanceRe Holdings Ltd. 440,856 43,967
Highwoods Properties Inc. 943,770 43,206
* Liberty Broadband Corp. 760,201 43,027
City National Corp. 475,823 42,386
* E*TRADE Financial Corp. 1,471,895 42,030
Assured Guaranty Ltd. 1,578,848 41,666
* SLM Corp. 4,301,243 39,916
Cullen/Frost Bankers Inc. 577,359 39,884
Two Harbors Investment Corp. 3,718,614 39,492
Brown & Brown Inc. 1,168,242 38,681
Retail Properties of America Inc. 2,403,120 38,522
Umpqua Holdings Corp. 2,238,507 38,458
* Alleghany Corp. 77,208 37,600
Allied World Assurance Co. Holdings AG 926,396 37,426
First American Financial Corp. 1,040,053 37,109
Synovus Financial Corp. 1,317,837 36,913
* Popular Inc. 1,050,855 36,139
Old Republic International Corp. 2,384,904 35,630
Prosperity Bancshares Inc. 673,218 35,331
Commerce Bancshares Inc. 832,666 35,238
CNO Financial Group Inc. 2,033,343 35,014
* Equity Commonwealth 1,317,738 34,986
EPR Properties 579,445 34,784
Rayonier Inc. 1,287,204 34,703
Columbia Property Trust Inc. 1,270,578 34,331
First Horizon National Corp. 2,379,031 33,996
Webster Financial Corp. 916,617 33,961
Validus Holdings Ltd. 803,232 33,816
American Homes 4 Rent Class A 2,034,422 33,670
* MGIC Investment Corp. 3,438,750 33,115
GEO Group Inc. 753,758 32,969
Chimera Investment Corp. 10,436,844 32,772
Hanover Insurance Group Inc. 450,023 32,663
^ Radian Group Inc. 1,940,516 32,581
CBL & Associates Properties Inc. 1,642,895 32,529
Federated Investors Inc. Class B 957,970 32,466
BankUnited Inc. 980,860 32,113
FirstMerit Corp. 1,679,869 32,018
First Niagara Financial Group Inc. 3,609,103 31,904
Aspen Insurance Holdings Ltd. 632,298 29,863
MFA Financial Inc. 3,761,718 29,567

 

 

Mid-America Apartment Communities Inc. 382,575 29,562
StanCorp Financial Group Inc. 428,069 29,366
Bank of the Ozarks Inc. 793,173 29,292
Piedmont Office Realty Trust Inc. Class A 1,567,709 29,175
Brandywine Realty Trust 1,825,181 29,166
White Mountains Insurance Group Ltd. 42,115 28,829
Omega Healthcare Investors Inc. 704,215 28,570
Associated Banc-Corp 1,510,511 28,096
DiamondRock Hospitality Co. 1,987,848 28,088
Bank of Hawaii Corp. 443,533 27,149
Primerica Inc. 530,710 27,013
PrivateBancorp Inc. 751,181 26,419
Endurance Specialty Holdings Ltd. 431,943 26,409
Janus Capital Group Inc. 1,521,784 26,159
ProAssurance Corp. 566,922 26,027
Susquehanna Bancshares Inc. 1,850,658 25,373
Hancock Holding Co. 828,492 24,739
TCF Financial Corp. 1,535,105 24,132
United Bankshares Inc. 632,649 23,775
Spirit Realty Capital Inc. 1,922,892 23,229
Fulton Financial Corp. 1,881,778 23,221
FNB Corp. 1,762,665 23,161
PacWest Bancorp 491,676 23,055
National Health Investors Inc. 324,336 23,031
First Industrial Realty Trust Inc. 1,068,328 22,894
Wintrust Financial Corp. 474,583 22,628
MB Financial Inc. 721,512 22,591
Symetra Financial Corp. 941,229 22,081
UMB Financial Corp. 415,903 21,997
Cathay General Bancorp 769,138 21,882
* Liberty TripAdvisor Holdings Inc. Class A 683,157 21,718
New Residential Investment Corp. 1,436,027 21,584
Assurant Inc. 349,850 21,484
Washington Federal Inc. 979,010 21,347
American Equity Investment Life Holding Co. 729,524 21,251
NorthStar Asset Management Group Inc. 910,330 21,247
Valley National Bancorp 2,233,695 21,086
AmTrust Financial Services Inc. 369,056 21,031
RLI Corp. 393,579 20,627
Erie Indemnity Co. Class A 234,658 20,476
BancorpSouth Inc. 880,123 20,436
IBERIABANK Corp. 322,871 20,351
Weingarten Realty Investors 560,269 20,159
Invesco Mortgage Capital Inc. 1,250,375 19,418
Interactive Brokers Group Inc. 564,280 19,197
First Citizens BancShares Inc. Class A 72,664 18,870
Washington REIT 677,201 18,711
EastGroup Properties Inc. 310,938 18,700
* Genworth Financial Inc. Class A 2,523,573 18,447
Empire State Realty Trust Inc. 979,095 18,417
Glacier Bancorp Inc. 724,705 18,226
EverBank Financial Corp. 1,007,442 18,164
Hatteras Financial Corp. 983,269 17,856
Old National Bancorp 1,217,142 17,271
New York REIT Inc. 1,647,838 17,269
^ First Financial Bankshares Inc. 619,107 17,112
Select Income REIT 673,570 16,833

 

 

Potlatch Corp. 412,749 16,526
Government Properties Income Trust 715,039 16,339
LTC Properties Inc. 354,547 16,309
Mercury General Corp. 280,213 16,182
PennyMac Mortgage Investment Trust 757,184 16,120
Capitol Federal Financial Inc. 1,286,450 16,081
Columbia Banking System Inc. 553,842 16,045
BGC Partners Inc. Class A 1,689,467 15,965
Blackstone Mortgage Trust Inc. Class A 562,563 15,960
Selective Insurance Group Inc. 549,167 15,953
South State Corp. 232,998 15,935
Trustmark Corp. 651,258 15,813
Mack-Cali Realty Corp. 814,876 15,711
WP GLIMCHER Inc. 935,804 15,562
Pennsylvania REIT 666,347 15,479
CVB Financial Corp. 968,035 15,430
Kemper Corp. 395,572 15,412
Pinnacle Financial Partners Inc. 345,453 15,359
National Penn Bancshares Inc. 1,423,396 15,330
Redwood Trust Inc. 847,825 15,151
* Liberty Broadband Corp. Class A 265,522 14,997
International Bancshares Corp. 575,168 14,972
* TESARO Inc. 260,596 14,958
CYS Investments Inc. 1,645,608 14,662
Horace Mann Educators Corp. 426,238 14,577
Argo Group International Holdings Ltd. 286,858 14,386
Corporate Office Properties Trust 474,136 13,930
Community Bank System Inc. 391,509 13,856
Associated Estates Realty Corp. 557,654 13,763
* MBIA Inc. 1,472,603 13,695
* Enstar Group Ltd. 96,012 13,620
Montpelier Re Holdings Ltd. 354,247 13,617
BOK Financial Corp. 211,251 12,933
* FNFV Group 898,036 12,662
First Midwest Bancorp Inc. 727,241 12,632
Acadia Realty Trust 346,219 12,076
WesBanco Inc. 369,870 12,050
Home Loan Servicing Solutions Ltd. 720,893 11,924
Franklin Street Properties Corp. 915,425 11,736
Independent Bank Corp. 264,827 11,618
Capstead Mortgage Corp. 972,697 11,449
ARMOUR Residential REIT Inc. 3,591,679 11,386
Xenia Hotels & Resorts Inc. 495,268 11,267
New Senior Investment Group Inc. 675,456 11,233
Astoria Financial Corp. 861,270 11,153
Provident Financial Services Inc. 596,740 11,129
BBCN Bancorp Inc. 766,839 11,096
DuPont Fabros Technology Inc. 335,357 10,959
Westamerica Bancorporation 249,741 10,791
* iStar Financial Inc. 821,698 10,682
Park National Corp. 124,841 10,681
NBT Bancorp Inc. 421,659 10,567
First Financial Bancorp 592,960 10,561
Chemical Financial Corp. 332,654 10,432
Northwest Bancshares Inc. 867,810 10,284
* HRG Group Inc. 818,686 10,217
* Investment Technology Group Inc. 335,843 10,179

 

 

Nelnet Inc. Class A 212,310 10,047
Boston Private Financial Holdings Inc. 798,349 9,700
* Greenlight Capital Re Ltd. Class A 300,687 9,562
^ Lexington Realty Trust 953,433 9,372
American Capital Mortgage Investment Corp. 519,726 9,334
Ashford Hospitality Trust Inc. 956,117 9,198
Infinity Property & Casualty Corp. 110,840 9,094
* Navigators Group Inc. 116,119 9,039
Talmer Bancorp Inc. Class A 573,106 8,777
Banner Corp. 188,859 8,669
* Piper Jaffray Cos. 161,594 8,477
* Ambac Financial Group Inc. 350,020 8,471
First Commonwealth Financial Corp. 931,439 8,383
Safety Insurance Group Inc. 137,389 8,209
S&T Bancorp Inc. 287,634 8,163
American Assets Trust Inc. 188,226 8,146
* KCG Holdings Inc. Class A 653,950 8,017
Maiden Holdings Ltd. 518,806 7,694
OFG Bancorp 453,472 7,401
* Green Dot Corp. Class A 449,588 7,157
State Bank Financial Corp. 339,314 7,126
First Potomac Realty Trust 597,856 7,109
National General Holdings Corp. 379,908 7,104
Berkshire Hills Bancorp Inc. 256,145 7,095
Central Pacific Financial Corp. 305,284 7,012
City Holding Co. 146,968 6,912
Brookline Bancorp Inc. 676,515 6,799
* First BanCorp 1,082,905 6,714
Saul Centers Inc. 116,995 6,692
Rouse Properties Inc. 352,263 6,679
Universal Health Realty Income Trust 118,305 6,655
STORE Capital Corp. 281,888 6,582
Cash America International Inc. 279,139 6,504
FBL Financial Group Inc. Class A 100,377 6,224
Tompkins Financial Corp. 112,955 6,083
Monogram Residential Trust Inc. 636,598 5,933
Anworth Mortgage Asset Corp. 1,152,255 5,865
Resource Capital Corp. 1,275,610 5,791
National Western Life Insurance Co. Class A 22,696 5,772
Altisource Residential Corp. 276,502 5,768
United Fire Group Inc. 178,400 5,668
Oritani Financial Corp. 381,661 5,553
AG Mortgage Investment Trust Inc. 289,023 5,445
* Enova International Inc. 268,723 5,291
* World Acceptance Corp. 68,003 4,959
Dime Community Bancshares Inc. 300,265 4,834
Starwood Waypoint Residential Trust 182,801 4,725
* Walker & Dunlop Inc. 262,611 4,656
Getty Realty Corp. 255,327 4,647
Inland Real Estate Corp. 433,519 4,634
Investors Real Estate Trust 611,519 4,586
* Ezcorp Inc. Class A 490,503 4,478
Meadowbrook Insurance Group Inc. 484,560 4,119
Employers Holdings Inc. 152,535 4,117
Great Western Bancorp Inc. 177,137 3,899
BancFirst Corp. 63,113 3,849
Ashford Hospitality Prime Inc. 222,718 3,735

 

 

  State Auto Financial Corp. 146,056 3,548
  National Bank Holdings Corp. Class A 188,434 3,544
  Northfield Bancorp Inc. 236,957 3,512
  OneBeacon Insurance Group Ltd. Class A 228,274 3,472
* Beneficial Bancorp Inc. 295,621 3,338
  Newcastle Investment Corp. 643,060 3,119
* Flagstar Bancorp Inc. 200,945 2,916
* Forestar Group Inc. 169,446 2,672
* MoneyGram International Inc. 302,923 2,617
  Fidelity & Guaranty Life 119,868 2,541
  Urstadt Biddle Properties Inc. Class A 86,418 1,993
* Kearny Financial Corp. 136,613 1,855
  American National Insurance Co. 8,696 856
  Urstadt Biddle Properties Inc. 42,332 796
^ FXCM Inc. Class A 203,058 433
      4,776,915
Health Care (5.9%)    
* Community Health Systems Inc. 1,126,626 58,900
  Teleflex Inc. 421,001 50,870
* Tenet Healthcare Corp. 1,000,392 49,529
* Health Net Inc. 751,889 45,482
  STERIS Corp. 605,908 42,577
* WellCare Health Plans Inc. 446,452 40,832
* Alere Inc. 806,290 39,428
* Charles River Laboratories International Inc. 480,730 38,117
  HealthSouth Corp. 846,810 37,564
* LifePoint Hospitals Inc. 448,926 32,974
* Amsurg Corp. 488,926 30,079
  Hill-Rom Holdings Inc. 574,207 28,136
* Bio-Rad Laboratories Inc. Class A 206,100 27,861
* Celldex Therapeutics Inc. 984,015 27,424
* Molina Healthcare Inc. 354,682 23,867
* Halyard Health Inc. 472,717 23,258
* Prestige Brands Holdings Inc. 530,955 22,773
  Owens & Minor Inc. 640,517 21,675
* Clovis Oncology Inc. 258,874 19,216
* Magellan Health Inc. 270,942 19,188
  Kindred Healthcare Inc. 763,556 18,165
* PTC Therapeutics Inc. 273,087 16,617
* Ultragenyx Pharmaceutical Inc. 265,773 16,502
*,^ Kite Pharma Inc. 276,334 15,939
  Select Medical Holdings Corp. 1,067,112 15,825
* Integra LifeSciences Holdings Corp. 249,654 15,391
* Portola Pharmaceuticals Inc. Class A 364,933 13,853
* Wright Medical Group Inc. 522,288 13,475
  CONMED Corp. 251,975 12,722
  PDL BioPharma Inc. 1,652,322 11,624
* Ophthotech Corp. 222,213 10,340
* Achillion Pharmaceuticals Inc. 1,025,911 10,115
* Auspex Pharmaceuticals Inc. 94,864 9,512
* Hanger Inc. 340,707 7,731
* Surgical Care Affiliates Inc. 210,974 7,243
*,^ Juno Therapeutics Inc. 114,941 6,972
* Infinity Pharmaceuticals Inc. 497,405 6,954
* Chimerix Inc. 175,699 6,622
* Orthofix International NV 178,242 6,397
* PRA Health Sciences Inc. 212,865 6,139

 

 

  National HealthCare Corp. 93,278 5,943
* Sage Therapeutics Inc. 118,062 5,930
  Invacare Corp. 300,052 5,824
  Ensign Group Inc. 114,960 5,387
* Universal American Corp. 491,246 5,247
* Nevro Corp. 88,700 4,251
* LHC Group Inc. 127,045 4,196
*,^ Synergy Pharmaceuticals Inc. 885,289 4,090
* Merit Medical Systems Inc. 210,137 4,045
* Spark Therapeutics Inc. 37,299 2,891
* BioScrip Inc. 329,641 1,460
* Wright Medical Group Inc. CVR 71,097 306
      957,458
Industrials (20.7%)    
* Spirit AeroSystems Holdings Inc. Class A 1,433,044 74,819
* Flextronics International Ltd. 5,813,597 73,687
  Huntington Ingalls Industries Inc. 490,621 68,761
  Broadridge Financial Solutions Inc. 1,227,649 67,533
  Total System Services Inc. 1,691,635 64,536
  Valspar Corp. 748,842 62,925
  Global Payments Inc. 681,132 62,446
  Carlisle Cos. Inc. 660,172 61,152
  IDEX Corp. 794,597 60,254
  Allegion plc 972,331 59,478
  PerkinElmer Inc. 1,148,045 58,711
  Trinity Industries Inc. 1,581,161 56,147
  Ryder System Inc. 538,222 51,072
* AECOM 1,579,155 48,670
  Graphic Packaging Holding Co. 3,321,807 48,299
  Sonoco Products Co. 1,028,528 46,757
  Exelis Inc. 1,896,796 46,225
* Orbital ATK Inc. 602,265 46,152
  Bemis Co. Inc. 989,962 45,845
* Berry Plastics Group Inc. 1,207,648 43,705
  AptarGroup Inc. 657,433 41,760
  Jabil Circuit Inc. 1,766,311 41,296
  Belden Inc. 431,909 40,409
  World Fuel Services Corp. 695,653 39,986
  Packaging Corp. of America 499,641 39,067
  RR Donnelley & Sons Co. 2,029,540 38,947
  Oshkosh Corp. 793,704 38,725
  ITT Corp. 924,360 36,891
  Deluxe Corp. 506,732 35,106
  Babcock & Wilcox Co. 1,083,936 34,784
* Teledyne Technologies Inc. 322,459 34,416
  Timken Co. 810,771 34,166
* Esterline Technologies Corp. 286,109 32,737
  Regal-Beloit Corp. 408,616 32,657
* Generac Holdings Inc. 664,590 32,359
  Curtiss-Wright Corp. 436,881 32,303
  SPX Corp. 374,687 31,811
* WESCO International Inc. 452,674 31,637
  Triumph Group Inc. 512,616 30,613
* Euronet Worldwide Inc. 507,712 29,828
  Crane Co. 472,787 29,507
* CoreLogic Inc. 821,058 28,959
  EnerSys 448,731 28,827

 

 

  Booz Allen Hamilton Holding Corp. Class A 976,639 28,264
  EMCOR Group Inc. 607,918 28,250
* Moog Inc. Class A 368,932 27,688
  Terex Corp. 1,025,078 27,257
  Kennametal Inc. 804,325 27,098
^ Valmont Industries Inc. 219,354 26,954
  Silgan Holdings Inc. 449,666 26,139
  GATX Corp. 450,245 26,105
  Con-way Inc. 585,129 25,822
  Covanta Holding Corp. 1,131,623 25,382
  Littelfuse Inc. 229,476 22,808
* Rexnord Corp. 826,501 22,059
* Anixter International Inc. 283,817 21,607
  KBR Inc. 1,473,603 21,338
  Convergys Corp. 905,389 20,706
* Sanmina Corp. 844,873 20,437
  Barnes Group Inc. 499,439 20,222
* Masonite International Corp. 289,924 19,500
* Owens-Illinois Inc. 833,990 19,449
  Vishay Intertechnology Inc. 1,375,871 19,015
  AGCO Corp. 397,190 18,922
  Matson Inc. 437,218 18,433
  UniFirst Corp. 154,896 18,230
  ABM Industries Inc. 539,436 17,186
  Applied Industrial Technologies Inc. 376,090 17,052
  Korn/Ferry International 511,811 16,823
*,^ Knowles Corp. 864,365 16,656
  MSA Safety Inc. 323,596 16,141
  United Stationers Inc. 392,074 16,071
* FTI Consulting Inc. 420,510 15,752
  Watts Water Technologies Inc. Class A 275,388 15,155
  Tetra Tech Inc. 626,819 15,056
* Boise Cascade Co. 401,327 15,034
  Harsco Corp. 821,630 14,181
^ Greenbrier Cos. Inc. 241,943 14,033
* Greatbatch Inc. 241,426 13,967
* Plexus Corp. 342,332 13,957
*,^ NeuStar Inc. Class A 566,527 13,948
  G&K Services Inc. Class A 192,275 13,946
  Aircastle Ltd. 617,332 13,865
  Werner Enterprises Inc. 439,951 13,819
  TAL International Group Inc. 337,596 13,750
  Brink's Co. 493,888 13,646
  Actuant Corp. Class A 564,574 13,403
  Brady Corp. Class A 460,277 13,021
* Benchmark Electronics Inc. 539,266 12,959
* Itron Inc. 349,684 12,767
* Meritor Inc. 1,002,321 12,639
  Granite Construction Inc. 357,752 12,571
* PHH Corp. 519,994 12,568
  Insperity Inc. 231,516 12,106
* MasTec Inc. 624,551 12,054
  Otter Tail Corp. 374,226 12,039
* Louisiana-Pacific Corp. 721,941 11,919
  AAR Corp. 383,747 11,781
  Kaman Corp. 275,970 11,709
  MTS Systems Corp. 152,433 11,532

 

 

* UTi Worldwide Inc. 910,043 11,194
TimkenSteel Corp. 417,140 11,042
* Atlas Air Worldwide Holdings Inc. 251,916 10,837
Universal Forest Products Inc. 192,749 10,694
Standex International Corp. 129,722 10,654
Cubic Corp. 204,622 10,593
* Armstrong World Industries Inc. 182,040 10,462
* KLX Inc. 269,053 10,369
* TrueBlue Inc. 421,650 10,267
John Bean Technologies Corp. 281,080 10,040
* Sykes Enterprises Inc. 395,796 9,836
CIRCOR International Inc. 179,666 9,828
ESCO Technologies Inc. 251,970 9,822
Greif Inc. Class A 247,209 9,708
Mobile Mini Inc. 222,446 9,485
* Tutor Perini Corp. 395,535 9,236
ArcBest Corp. 238,044 9,020
ManTech International Corp. Class A 246,058 8,351
* Wesco Aircraft Holdings Inc. 544,345 8,339
McGrath RentCorp 251,534 8,278
* Coherent Inc. 125,719 8,167
General Cable Corp. 469,902 8,096
Astec Industries Inc. 186,420 7,994
Materion Corp. 204,869 7,873
Comfort Systems USA Inc. 360,018 7,575
EVERTEC Inc. 336,752 7,361
* Newport Corp. 384,888 7,336
AVX Corp. 513,232 7,324
* Navistar International Corp. 248,233 7,323
Mueller Water Products Inc. Class A 735,355 7,243
Encore Wire Corp. 189,650 7,184
Altra Industrial Motion Corp. 257,354 7,113
Textainer Group Holdings Ltd. 230,954 6,926
* Rofin-Sinar Technologies Inc. 285,687 6,922
* Aegion Corp. Class A 380,099 6,861
Quad/Graphics Inc. 281,867 6,477
Resources Connection Inc. 363,632 6,364
* Navigant Consulting Inc. 489,071 6,338
Hyster-Yale Materials Handling Inc. 81,284 5,957
Kforce Inc. 264,621 5,904
Albany International Corp. 145,511 5,784
* Monster Worldwide Inc. 877,465 5,563
Kelly Services Inc. Class A 296,691 5,174
* TTM Technologies Inc. 551,335 4,968
* Air Transport Services Group Inc. 529,110 4,878
* GrafTech International Ltd. 1,181,070 4,594
TeleTech Holdings Inc. 173,807 4,423
Checkpoint Systems Inc. 404,626 4,378
Park Electrochemical Corp. 202,817 4,373
* Nortek Inc. 49,401 4,360
* CAI International Inc. 169,558 4,166
Schnitzer Steel Industries Inc. 256,454 4,067
* Dice Holdings Inc. 440,315 3,928
Griffon Corp. 213,985 3,730
American Science & Engineering Inc. 75,282 3,678
Landauer Inc. 97,590 3,429
Black Box Corp. 147,899 3,096

 

 

  Acacia Research Corp. 243,114 2,601
* Overseas Shipholding Group Inc. Class B 49,732 204
      3,366,543
Oil & Gas (4.5%)    
* Newfield Exploration Co. 1,618,943 56,809
* First Solar Inc. 764,070 45,684
  Nabors Industries Ltd. 2,792,848 38,122
  QEP Resources Inc. 1,783,026 37,176
  Western Refining Inc. 751,247 37,104
  SM Energy Co. 685,242 35,413
  Superior Energy Services Inc. 1,521,366 33,987
  PBF Energy Inc. Class A 871,173 29,550
  Patterson-UTI Energy Inc. 1,413,265 26,534
  Denbury Resources Inc. 3,580,974 26,105
  California Resources Corp. 3,133,754 23,848
*,^ NOW Inc. 1,088,121 23,547
*,^ Ultra Petroleum Corp. 1,475,875 23,068
* WPX Energy Inc. 2,065,680 22,578
  Exterran Holdings Inc. 665,221 22,332
  Delek US Holdings Inc. 523,633 20,814
* Oil States International Inc. 521,701 20,748
  Bristow Group Inc. 335,469 18,266
  Atwood Oceanics Inc. 623,537 17,528
* Helix Energy Solutions Group Inc. 969,062 14,497
* Unit Corp. 506,662 14,176
* MRC Global Inc. 984,679 11,668
* SEACOR Holdings Inc. 165,850 11,555
*,^ McDermott International Inc. 2,414,176 9,270
^ Tidewater Inc. 476,159 9,114
^ Diamond Offshore Drilling Inc. 313,476 8,398
* SunPower Corp. Class A 267,209 8,366
* Stone Energy Corp. 539,823 7,925
  CVR Energy Inc. 176,540 7,514
* Laredo Petroleum Inc. 572,439 7,465
* Newpark Resources Inc. 811,042 7,389
* Forum Energy Technologies Inc. 311,080 6,097
* TETRA Technologies Inc. 770,230 4,760
  Alon USA Energy Inc. 283,646 4,700
  Green Plains Inc. 162,912 4,651
  Tesco Corp. 381,077 4,333
* Parker Drilling Co. 1,181,378 4,123
* EP Energy Corp. Class A 374,182 3,921
* Hornbeck Offshore Services Inc. 163,336 3,072
^ CARBO Ceramics Inc. 100,217 3,058
  Gulfmark Offshore Inc. 230,934 3,011
^ EXCO Resources Inc. 1,535,358 2,810
  Civeo Corp. 1,088,846 2,766
* Basic Energy Services Inc. 384,616 2,665
* Bill Barrett Corp. 241,456 2,004
^ W&T Offshore Inc. 349,131 1,784
* Contango Oil & Gas Co. 78,532 1,728
* Pioneer Energy Services Corp. 311,248 1,687
* ION Geophysical Corp. 666,677 1,447
* Key Energy Services Inc. 669,804 1,219
* Seventy Seven Energy Inc. 244,788 1,016
* Willbros Group Inc. 204,973 679

 

 

*,^ Swift Energy Co. 64,451 139
      738,220
Other (0.0%)2    
* Leap Wireless International Inc CVR 474,686 1,196
 
Technology (7.7%)    
* ON Semiconductor Corp. 4,427,139 53,613
  Brocade Communications Systems Inc. 4,292,992 50,936
* NCR Corp. 1,624,913 47,951
  Pitney Bowes Inc. 2,047,884 47,757
  CDW Corp. 1,224,846 45,613
  Cypress Semiconductor Corp. 3,093,124 43,644
  Teradyne Inc. 2,198,904 41,449
* VeriFone Systems Inc. 1,096,168 38,245
* ARRIS Group Inc. 1,323,488 38,242
* Verint Systems Inc. 616,728 38,194
  DST Systems Inc. 339,237 37,557
* Ingram Micro Inc. 1,425,426 35,807
* Microsemi Corp. 965,984 34,196
  Leidos Holdings Inc. 752,316 31,567
  j2 Global Inc. 461,317 30,299
* CommScope Holding Co. Inc. 1,051,374 30,006
* AOL Inc. 751,575 29,770
  Lexmark International Inc. Class A 627,719 26,578
  Mentor Graphics Corp. 994,156 23,890
  SYNNEX Corp. 301,217 23,269
* Tech Data Corp. 388,825 22,462
* CACI International Inc. Class A 245,436 22,070
* Fairchild Semiconductor International Inc. Class A 1,189,303 21,621
* Cirrus Logic Inc. 637,218 21,194
  Diebold Inc. 591,542 20,976
  Science Applications International Corp. 394,544 20,260
  Intersil Corp. Class A 1,325,674 18,984
  MKS Instruments Inc. 540,561 18,276
* Polycom Inc. 1,363,094 18,265
* Semtech Corp. 678,068 18,067
* Rovi Corp. 933,990 17,008
*,^ Advanced Micro Devices Inc. 6,320,933 16,940
* PMC-Sierra Inc. 1,747,939 16,221
* Dycom Industries Inc. 328,971 16,067
* OmniVision Technologies Inc. 589,414 15,543
  West Corp. 423,537 14,286
* Progress Software Corp. 489,582 13,302
* QLogic Corp. 886,641 13,069
* Kulicke & Soffa Industries Inc. 779,457 12,183
* ScanSource Inc. 291,053 11,831
* Unisys Corp. 506,606 11,758
* Cabot Microelectronics Corp. 232,725 11,629
* Insight Enterprises Inc. 403,755 11,515
* NETGEAR Inc. 335,482 11,031
  ADTRAN Inc. 542,808 10,134
* Advanced Energy Industries Inc. 392,610 10,074
  CSG Systems International Inc. 331,279 10,068
* Amkor Technology Inc. 1,084,697 9,583
^ Ebix Inc. 298,157 9,058
  Brooks Automation Inc. 650,065 7,560
  Micrel Inc. 459,020 6,922

 

 

* MedAssets Inc. 306,187 5,762
* Emulex Corp. 694,582 5,536
  Epiq Systems Inc. 296,312 5,313
* FormFactor Inc. 574,361 5,095
  Comtech Telecommunications Corp. 156,969 4,544
* Ixia 359,569 4,362
  Quality Systems Inc. 230,206 3,679
* Harmonic Inc. 449,481 3,331
* Mercury Systems Inc. 164,290 2,555
* Pendrell Corp. 1,517,570 1,973
* Systemax Inc. 130,179 1,591
* Vectrus Inc. 53,862 1,373
      1,251,654
Telecommunications (0.4%)    
  Telephone & Data Systems Inc. 920,868 22,930
  Consolidated Communications Holdings Inc. 486,546 9,925
* Vonage Holdings Corp. 1,823,731 8,954
*,^ Iridium Communications Inc. 811,901 7,884
  Atlantic Tele-Network Inc. 97,086 6,720
* United States Cellular Corp. 130,005 4,644
  EarthLink Holdings Corp. 1,041,459 4,624
* Intelsat SA 217,151 2,606
      68,287
Utilities (6.2%)    
  AGL Resources Inc. 1,215,343 60,342
  UGI Corp. 1,755,049 57,197
  Atmos Energy Corp. 1,024,464 56,653
  Westar Energy Inc. Class A 1,342,097 52,020
  Aqua America Inc. 1,794,070 47,274
  TECO Energy Inc. 2,383,812 46,246
  Questar Corp. 1,782,496 42,530
  Great Plains Energy Inc. 1,566,152 41,785
* Dynegy Inc. 1,200,759 37,740
  Vectren Corp. 838,920 37,030
  Cleco Corp. 616,985 33,638
  Hawaiian Electric Industries Inc. 1,041,789 33,462
  IDACORP Inc. 510,555 32,099
  UIL Holdings Corp. 574,519 29,542
  Piedmont Natural Gas Co. Inc. 798,834 29,485
  Portland General Electric Co. 794,649 29,473
  WGL Holdings Inc. 505,208 28,494
  Southwest Gas Corp. 473,933 27,569
  New Jersey Resources Corp. 867,895 26,957
  NorthWestern Corp. 476,759 25,645
  ALLETE Inc. 466,825 24,630
  PNM Resources Inc. 809,027 23,623
  Black Hills Corp. 453,780 22,889
  ONE Gas Inc. 519,551 22,460
  Laclede Group Inc. 417,756 21,397
  Avista Corp. 601,721 20,567
  South Jersey Industries Inc. 341,824 18,554
  El Paso Electric Co. 410,244 15,852
  MGE Energy Inc. 352,224 15,610
  American States Water Co. 388,594 15,501
  Northwest Natural Gas Co. 276,219 13,245
  California Water Service Group 485,411 11,897

 

 

Empire District Electric Co.     441,972 10,970
Atlantic Power Corp.     610,817 1,716
        1,014,092
Total Common Stocks (Cost $12,597,734)       16,232,961
  Coupon      
Temporary Cash Investments (1.3%)1        
Money Market Fund (1.2%)        
3,4 Vanguard Market Liquidity Fund 0.128%   197,797,847 197,798
 
      Face  
    Maturity Amount  
    Date ($000)  
U.S. Government and Agency Obligations (0.1%)        
5,6 Fannie Mae Discount Notes 0.130% 4/27/15 3,000 3,000
6,7 Federal Home Loan Bank Discount Notes 0.135% 8/28/15 3,000 2,997
        5,997
Total Temporary Cash Investments (Cost $203,796)       203,795
Total Investments (100.9%) (Cost $12,801,530)       16,436,756
Other Assets and Liabilities-Net (-0.9%)4       (139,208)
Net Assets (100%)       16,297,548

* Non-income-producing security.
^ Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $117,628,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After
giving effect to futures investments, the fund's effective common stock and temporary cash investment positions
represent 100.0% and 0.9%, respectively, of net assets.
2 “Other” represents securities that are not classified by the fund’s benchmark index.
3 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by
Vanguard. Rate shown is the 7-day yield.
4 Includes $123,624,000 of collateral received for securities on loan.
5 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations
have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as
needed to maintain a positive net worth, in exchange for senior preferred stock.
6 Securities with a value of $2,898,000 have been segregated as initial margin for open futures contracts.
7 The issuer operates under a congressional charter; its securities are generally neither guaranteed by the U.S.
Treasury nor backed by the full faith and credit of the U.S. government.
REIT—Real Estate Investment Trust.

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 materially 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 board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.

B. Various inputs may be used to determine the value of the fund's investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used

 

Small-Cap Value Index Fund

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).

The following table summarizes the market value of the fund's investments as of March 31, 2015, based on the inputs used to value them:

  Level 1 Level 2 Level 3
Investments ($000) ($000) ($000)
Common Stocks 16,231,765 — 1,196
Temporary Cash Investments 197,798 5,997 —
Futures Contracts—Assets1 23 — —
Futures Contracts—Liabilities1 (170) — —
Swap Contracts—Liabilities — (80) —
Total 16,429,416 5,917 1,196
1 Represents variation margin on the last day of the reporting period.

 

C. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, 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 fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. 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.

Futures contracts are valued at their quoted daily settlement prices. The aggregate settlement values of the contracts are not recorded in the Schedule of Investments. Fluctuations in the value of the contracts are recorded as an asset (liability).

At March 31, 2015, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:

      ($000)
 
      Aggregate  
    Number of Settlement Unrealized
    Long (Short) Value Long Appreciation
Futures Contracts Expiration Contracts (Short) (Depreciation) 
E-mini Russell 2000 Index June 2015 394 49,207 547

 

 

Small-Cap Value Index Fund

E-mini S&P MidCap 400 Index June 2015 49 7,447 106
        653

 

Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.

D. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund's target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.

The notional amounts of swap contracts are not recorded in the Schedule of Investments. Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as unrealized appreciation (depreciation) until termination of the swap, at which time realized gain (loss) is recorded. A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund's maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.

At March 31, 2015, the fund had the following open total return swap contracts:

        Floating  
        Interest Unrealized
        Rate Appreciation
  Termination   Notional Amount Received (Depreciation)
Reference Entity Date Counterparty1 ($000) (Paid) ($000)
Ambac Financial Group Inc. 4/6/15 GSI 1,222 (0.568%) (37)
Ambac Financial Group Inc. 4/6/15 GSI 948 (0.567%) (28)
Ambac Financial Group Inc. 4/6/15 GSI 299 (0.569%) (9)
Ambac Financial Group Inc. 4/6/15 GSI 200 (0.566%) (6)
          (80)

 

 

Small-Cap Value Index Fund

1 GSI—Goldman Sachs International.

E. At March 31, 2015, the cost of investment securities for tax purposes was $12,806,794,000. Net unrealized appreciation of investment securities for tax purposes was $3,629,962,000, consisting of unrealized gains of $4,110,824,000 on securities that had risen in value since their purchase and $480,862,000 in unrealized losses on securities that had fallen in value since their purchase.


Item 2: Controls and Procedures

(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

(b) Internal Control Over Financial Reporting. During the last fiscal quarter, there was no significant change in the Registrant’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3: Exhibits

(a) Certifications

  VANGUARD INDEX FUNDS
 
By: /s/ F. WILLIAM MCNABB III*
  F. WILLIAM MCNABB III
  CHIEF EXECUTIVE OFFICER
 
Date: May 21, 2015  

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

  VANGUARD INDEX FUNDS

 

By:

 /s/ F. WILLIAM MCNABB III*
  F. WILLIAM MCNABB III
  CHIEF EXECUTIVE OFFICER

 

Date: May 21, 2015

  

 

 

 VANGUARD INDEX FUNDS

 

 

 /s/ THOMAS J. HIGGINS*
  THOMAS J. HIGGINS
  CHIEF FINANCIAL OFFICER

 

Date: May 21, 2015

  

 

* By:/s/ Heidi Stam
Heidi Stam, pursuant to a Power of Attorney filed on April 22, 2014 see file Number 2-17620, Incorporated by Reference.