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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PayPal Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Crowdstrike Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BOFA SECURITIES INC .</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Amphenol Corp.</name>
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        <name>CoStar Group, Inc.</name>
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        <name>NVIDIA Corp.</name>
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        <name>Amazon.com, Inc.</name>
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        <title>Amazon.com, Inc.</title>
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        <name>Sea Ltd.</name>
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        <title>Sea Ltd.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Trustpilot Group plc</name>
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        <name>RingCentral, Inc.</name>
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        <name>Doximity, Inc.</name>
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        <name>Zalando SE</name>
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        <name>KLA Corp.</name>
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        <name>Evotec SE</name>
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        <name>Danaher Corp.</name>
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        <name>Stryker Corp.</name>
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        <title>Stryker Corp.</title>
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        <name>Adyen NV</name>
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        <title>Adyen NV</title>
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        <name>Meituan</name>
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        <title>Meituan</title>
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        <name>Alphabet, Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet, Inc., Class C</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Repligen Corp.</name>
        <lei>54930006QJ0T5AUO1E71</lei>
        <title>Repligen Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Intel Corp.</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp.</title>
        <cusip>458140100</cusip>
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        <name>Intuit, Inc.</name>
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        <name>CryoPort, Inc.</name>
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        <name>Snowflake, Inc.</name>
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        <name>SBA Communications Corp.</name>
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        <name>Apple, Inc.</name>
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        <name>Moody's Corp.</name>
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        <name>Pinterest, Inc.</name>
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        <name>DoorDash, Inc.</name>
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        <name>NextEra Energy, Inc.</name>
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        <name>Atlassian Corp. plc</name>
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        <name>Marqeta, Inc.</name>
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        <name>Uber Technologies, Inc.</name>
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        <name>Argenx SE</name>
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        <name>Mastercard, Inc.</name>
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        <name>Institutional Fiduciary Trust Money Market Portfolio</name>
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        <name>Liberty Broadband Corp.</name>
        <lei>549300MIX43II8JLN536</lei>
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        <name>10X Genomics, Inc.</name>
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        <name>Delivery Hero SE</name>
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        <name>SK IE Technology Co. Ltd.</name>
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        <name>Bio-Techne Corp.</name>
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        <name>Shopify, Inc.</name>
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        <invCountry>CA</invCountry>
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        <name>Oatly Group AB</name>
        <lei>894500CEIOQNBAH10Z10</lei>
        <title>Oatly Group AB</title>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tesla, Inc.</name>
        <lei>54930043XZGB27CTOV49</lei>
        <title>Tesla, Inc.</title>
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      <invstOrSec>
        <name>Teradyne, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bill.com Holdings, Inc.</name>
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        <title>Bill.com Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASML Holding NV</name>
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          <isin value="USN070592100"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lightspeed POS, Inc.</name>
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          <isin value="CA53227R1064"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Illumina, Inc.</name>
        <lei>SQ95QG8SR5Q56LSNF682</lei>
        <title>Illumina, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EPAM Systems, Inc.</name>
        <lei>549300XCR4R530HJP604</lei>
        <title>EPAM Systems, Inc.</title>
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          <isin value="US29414B1044"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LifeStance Health Group, Inc.</name>
        <lei>N/A</lei>
        <title>LifeStance Health Group, Inc.</title>
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          <isin value="US53228F1012"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACV Auctions, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US00091G1040"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Enphase Energy, Inc.</name>
        <lei>5493008U7KIGMI59Z314</lei>
        <title>Enphase Energy, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Adobe, Inc.</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
        <title>Adobe, Inc.</title>
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          <isin value="US00724F1012"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Carvana Co.</name>
        <lei>5493003WEAK2PJ5WS063</lei>
        <title>Carvana Co.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Veeva Systems, Inc.</name>
        <lei>549300YZEXPDB92M2F02</lei>
        <title>Veeva Systems, Inc., Class A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ZoomInfo Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>ZoomInfo Technologies, Inc., Class A</title>
        <cusip>98980F104</cusip>
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          <isin value="US98980F1049"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ROBLOX Corp.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Autodesk, Inc.</name>
        <lei>FRKKVKAIQEF3FCSTPG55</lei>
        <title>Autodesk, Inc.</title>
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      <invstOrSec>
        <name>Bio-Rad Laboratories, Inc.</name>
        <lei>549300ZC1GPV35XYDK53</lei>
        <title>Bio-Rad Laboratories, Inc., Class A</title>
        <cusip>090572207</cusip>
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        <name>TransDigm Group, Inc.</name>
        <lei>N/A</lei>
        <title>TransDigm Group, Inc.</title>
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      <invstOrSec>
        <name>Endava plc</name>
        <lei>213800JJ6CRPCWCQVZ25</lei>
        <title>Endava plc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Coupa Software, Inc.</name>
        <lei>549300Q95ICR2GFL2K37</lei>
        <title>Coupa Software, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Natera, Inc.</name>
        <lei>N/A</lei>
        <title>Natera, Inc.</title>
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      <invstOrSec>
        <name>MSCI, Inc.</name>
        <lei>549300HTIN2PD78UB763</lei>
        <title>MSCI, Inc.</title>
        <cusip>55354G100</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Airbnb, Inc.</name>
        <lei>549300HMUDNO0RY56D37</lei>
        <title>Airbnb, Inc., Class A</title>
        <cusip>009066101</cusip>
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          <isin value="US0090661010"/>
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        <valUSD>38285000.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Axon Enterprise, Inc.</name>
        <lei>549300QP2IEEGFE16681</lei>
        <title>Axon Enterprise, Inc.</title>
        <cusip>05464C101</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Olink Holding AB</name>
        <lei>8945004Z7ZHV3LML4J27</lei>
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          <isin value="US6807101000"/>
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        <balance>68100.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lightspeed POS, Inc.</name>
        <lei>254900T8MDWRTGMFZ257</lei>
        <title>Lightspeed POS, Inc.</title>
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          <isin value="CA53227R1064"/>
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        <balance>95400.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wuxi Biologics Cayman, Inc.</name>
        <lei>5493001TD2TH6VDTJU11</lei>
        <title>Wuxi Biologics Cayman, Inc.</title>
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          <isin value="KYG970081173"/>
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        <balance>15000000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tencent Holdings Ltd.</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="KYG875721634"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Datadog, Inc.</name>
        <lei>549300F6JNO0KRPO1K63</lei>
        <title>Datadog, Inc., Class A</title>
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          <isin value="US23804L1035"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Roper Technologies, Inc.</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>Roper Technologies, Inc.</title>
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          <isin value="US7766961061"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANSYS, Inc.</name>
        <lei>549300VJV8H15Z5FJ571</lei>
        <title>ANSYS, Inc.</title>
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          <isin value="US03662Q1058"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Abbott Laboratories</name>
        <lei>HQD377W2YR662HK5JX27</lei>
        <title>Abbott Laboratories</title>
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          <isin value="US0028241000"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>173895000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Facebook, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Facebook, Inc., Class A</title>
        <cusip>30303M102</cusip>
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          <isin value="US30303M1027"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>730191000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THG plc</name>
        <lei>21380066N3SV9O8IDP37</lei>
        <title>THG plc</title>
        <cusip>N/A</cusip>
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          <isin value="GB00BMTV7393"/>
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        <balance>2000000.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.72285674"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HubSpot, Inc.</name>
        <lei>529900BLNVEW0MVKJB37</lei>
        <title>HubSpot, Inc.</title>
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          <isin value="US4435731009"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>407904000.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DoubleVerify Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>DoubleVerify Holdings, Inc.</title>
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          <isin value="US25862V1052"/>
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        <curCd>USD</curCd>
        <valUSD>11910242.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Keysight Technologies, Inc.</name>
        <lei>549300GLKVIO8YRCYN02</lei>
        <title>Keysight Technologies, Inc.</title>
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          <isin value="US49338L1035"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30882000.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SVB Financial Group</name>
        <lei>549300D2KJ20JMXE7542</lei>
        <title>SVB Financial Group</title>
        <cusip>78486Q101</cusip>
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          <isin value="US78486Q1013"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>83464500.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Okta, Inc.</name>
        <lei>549300N8J06I8MRHU620</lei>
        <title>Okta, Inc.</title>
        <cusip>679295105</cusip>
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          <isin value="US6792951054"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85638000.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Procore Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>Procore Technologies, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fortinet, Inc.</name>
        <lei>549300O0QJWDBAS0QX03</lei>
        <title>Fortinet, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Nintendo Co. Ltd.</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
        <title>Nintendo Co. Ltd.</title>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>TuSimple Holdings, Inc.</name>
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        <title>TuSimple Holdings, Inc., Class A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Netflix, Inc.</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>Netflix, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Monday.com Ltd.</name>
        <lei>N/A</lei>
        <title>Monday.com Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="IL0011762130"/>
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        <balance>119100.00000000</balance>
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        <valUSD>26629569.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DexCom, Inc.</name>
        <lei>549300YSK3QDSFR5EU59</lei>
        <title>DexCom, Inc.</title>
        <cusip>252131107</cusip>
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        <curCd>USD</curCd>
        <valUSD>42700000.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Activision Blizzard, Inc.</name>
        <lei>549300TPQQDBP9GNOF40</lei>
        <title>Activision Blizzard, Inc.</title>
        <cusip>00507V109</cusip>
        <identifiers>
          <isin value="US00507V1098"/>
          <other otherDesc="Inhouse Asset ID" value="46840"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Globant SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sprinklr, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bentley Systems, Inc.</name>
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        <name>Analog Devices, Inc.</name>
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        <name>UiPath, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Five9, Inc.</name>
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        <name>Wix.com Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nuvei Corp.</name>
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        <name>Ozon Holdings plc</name>
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      <invstOrSec>
        <name>Twilio, Inc.</name>
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      <invstOrSec>
        <name>Insulet Corp.</name>
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        <name>Crown Castle International Corp.</name>
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        <title>Crown Castle International Corp.</title>
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        <name>Edwards Lifesciences Corp.</name>
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        <title>Edwards Lifesciences Corp.</title>
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        <name>IDEXX Laboratories, Inc.</name>
        <lei>OGMTXK0LUU1HKV2P0J84</lei>
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        <name>Maravai LifeSciences Holdings, Inc.</name>
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        <name>Intellia Therapeutics, Inc.</name>
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        <title>Intellia Therapeutics, Inc.</title>
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        <name>Zebra Technologies Corp.</name>
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        <name>Infineon Technologies AG</name>
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        <name>ServiceNow, Inc.</name>
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        <name>Cerence, Inc.</name>
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        <name>Accolade, Inc.</name>
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        <title>Accolade, Inc.</title>
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        <name>Microsoft Corp.</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp.</title>
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        <name>Adevinta ASA</name>
        <lei>529900W8V3YLHRSZH763</lei>
        <title>Adevinta ASA</title>
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      <invstOrSec>
        <name>Afterpay Ltd.</name>
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        <name>Auto1 Group SE</name>
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        <name>Inari Medical, Inc.</name>
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        <name>Lonza Group AG</name>
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        <name>MercadoLibre, Inc.</name>
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        <name>STERIS plc</name>
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        <name>Intuitive Surgical, Inc.</name>
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        <name>Applied Molecular Transport, Inc.</name>
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        <name>Booking Holdings, Inc.</name>
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        <name>Tradeweb Markets, Inc.</name>
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        <name>Chegg, Inc.</name>
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        <name>Paymentus Holdings, Inc.</name>
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        <name>Tyler Technologies, Inc.</name>
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        <name>DocuSign, Inc.</name>
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        <name>Thermo Fisher Scientific, Inc.</name>
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        <name>Guardant Health, Inc.</name>
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        <name>Synopsys, Inc.</name>
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        <name>MongoDB, Inc.</name>
        <lei>549300TPTG69WKWE1Z37</lei>
        <title>MongoDB, Inc.</title>
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        <name>Visa, Inc.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>Visa, Inc., Class A</title>
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        <name>Q2 Holdings, Inc.</name>
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        <name>Keyence Corp.</name>
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        <name>Institutional Fiduciary Trust - Money Market Portfolio</name>
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        <name>Catalent, Inc.</name>
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        <name>BioNTech SE</name>
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        <invCountry>DE</invCountry>
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        <name>Lam Research Corp.</name>
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        <title>Lam Research Corp.</title>
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        <name>Alphawave IP Group plc</name>
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        <name>Inmode Ltd.</name>
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        <title>Inmode Ltd.</title>
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        <invCountry>IL</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Texas Instruments, Inc.</name>
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        <title>Texas Instruments, Inc.</title>
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        <name>Moderna, Inc.</name>
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        <name>salesforce.com, Inc.</name>
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        <name>Chewy, Inc.</name>
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        <name>Workday, Inc.</name>
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        <name>Xero Ltd.</name>
        <lei>254900UG5D8YST164N14</lei>
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        <name>Aspen Technology, Inc.</name>
        <lei>529900B0MZWTVFG7CB96</lei>
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        <name>Olo, Inc.</name>
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        <name>Snap, Inc.</name>
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        <name>Upstart Holdings, Inc.</name>
        <lei>N/A</lei>
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        <name>Cloudflare, Inc.</name>
        <lei>5493007DY18BGNLDWU14</lei>
        <title>Cloudflare, Inc., Class A</title>
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        <name>Square, Inc.</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>Square, Inc., Class A</title>
        <cusip>852234103</cusip>
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        <invCountry>US</invCountry>
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        <name>Monolithic Power Systems, Inc.</name>
        <lei>529900TB7O85LSZ1XU31</lei>
        <title>Monolithic Power Systems, Inc.</title>
        <cusip>609839105</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zoetis, Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>Zoetis, Inc.</title>
        <cusip>98978V103</cusip>
        <identifiers>
          <isin value="US98978V1035"/>
          <other otherDesc="Inhouse Asset ID" value="541304"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93180000.00000000</valUSD>
        <pctVal>0.348841659966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Palo Alto Networks, Inc.</name>
        <lei>549300QXR2YVZV231H43</lei>
        <title>Palo Alto Networks, Inc.</title>
        <cusip>697435105</cusip>
        <identifiers>
          <isin value="US6974351057"/>
          <other otherDesc="Inhouse Asset ID" value="526394"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3710500.00000000</valUSD>
        <pctVal>0.013891145946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fiverr International Ltd.</name>
        <lei>549300Z8OREY6THCPF67</lei>
        <title>Fiverr International Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011582033"/>
          <other otherDesc="Inhouse Asset ID" value="1046117"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>242490000.00000000</valUSD>
        <pctVal>0.907819426113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equinix, Inc.</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
        <title>Equinix, Inc.</title>
        <cusip>29444U700</cusip>
        <identifiers>
          <isin value="US29444U7000"/>
          <other otherDesc="Inhouse Asset ID" value="304502"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40130000.00000000</valUSD>
        <pctVal>0.150236271887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Custodian Funds</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
