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        <name>SelectQuote Inc.</name>
        <lei>N/A</lei>
        <title>SelectQuote Inc.</title>
        <cusip>816307300</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="816307300"/>
          <other otherDesc="Primary Identifier" value="816307300"/>
        </identifiers>
        <balance>921500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19121125.00000000</valUSD>
        <pctVal>1.015424059170</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>Sartorius Stedim Biotech S.A.</name>
        <lei>52990006IVXY7GCSSR39</lei>
        <title>Sartorius Stedim Biotech S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="BYZ2QP5"/>
          <other otherDesc="Primary Identifier" value="BYZ2QP5"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.81857000"/>
        <valUSD>17787116.56000000</valUSD>
        <pctVal>0.944581770073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ingersoll-Rand Inc.</name>
        <lei>5299004C02FMZCUOIR50</lei>
        <title>Ingersoll-Rand Inc.</title>
        <cusip>45687V106</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="45687V106"/>
          <other otherDesc="Primary Identifier" value="45687V106"/>
        </identifiers>
        <balance>968632.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44130873.92000000</valUSD>
        <pctVal>2.343562480271</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>Taiwan Semiconductor Manufacturing Co. Ltd. ADR</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co. Ltd. ADR</title>
        <cusip>874039100</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="874039100"/>
          <other otherDesc="Primary Identifier" value="874039100"/>
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        <balance>409062.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44604120.48000000</valUSD>
        <pctVal>2.368694157562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amazon.com Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>Amazon.com Inc.</title>
        <cusip>023135106</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="023135106"/>
          <other otherDesc="Primary Identifier" value="023135106"/>
        </identifiers>
        <balance>39363.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>128202535.59000100</valUSD>
        <pctVal>6.808173634382</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>HubSpot Inc.</name>
        <lei>529900BLNVEW0MVKJB37</lei>
        <title>HubSpot Inc.</title>
        <cusip>443573100</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="443573100"/>
          <other otherDesc="Primary Identifier" value="443573100"/>
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        <balance>90500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35877820.00000000</valUSD>
        <pctVal>1.905285469269</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>Intuit Inc.</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>Intuit Inc.</title>
        <cusip>461202103</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="461202103"/>
          <other otherDesc="Primary Identifier" value="461202103"/>
        </identifiers>
        <balance>112141.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42596758.85000000</valUSD>
        <pctVal>2.262093562955</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>TJX Cos. Inc. (The)</name>
        <lei>V167QI9I69W364E2DY52</lei>
        <title>TJX Cos. Inc. (The)</title>
        <cusip>872540109</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="872540109"/>
          <other otherDesc="Primary Identifier" value="872540109"/>
        </identifiers>
        <balance>677206.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46246397.74000000</valUSD>
        <pctVal>2.455907009402</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>Workday Inc. Class A</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>Workday Inc. Class A</title>
        <cusip>98138H101</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="98138H101"/>
          <other otherDesc="Primary Identifier" value="98138H101"/>
        </identifiers>
        <balance>195392.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46817877.12000000</valUSD>
        <pctVal>2.486255323728</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>Vroom Inc.</name>
        <lei>N/A</lei>
        <title>Vroom Inc.</title>
        <cusip>92918V109</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="92918V109"/>
          <other otherDesc="Primary Identifier" value="92918V109"/>
        </identifiers>
        <balance>460000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18846200.00000000</valUSD>
        <pctVal>1.000824214262</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>PayPal Inc.</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PayPal Inc.</title>
        <cusip>70450Y103</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="70450Y103"/>
          <other otherDesc="Primary Identifier" value="70450Y103"/>
        </identifiers>
        <balance>276815.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64830073.00000000</valUSD>
        <pctVal>3.442789892434</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>Darden Restaurants Inc.</name>
        <lei>CY1NFSCCB5GUXC7WZC70</lei>
        <title>Darden Restaurants Inc.</title>
        <cusip>237194105</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="237194105"/>
          <other otherDesc="Primary Identifier" value="237194105"/>
        </identifiers>
        <balance>402803.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47981893.36000000</valUSD>
        <pctVal>2.548070206239</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>Genmab A.S. ADR</name>
        <lei>529900MTJPDPE4MHJ122</lei>
        <title>Genmab A.S. ADR</title>
        <cusip>372303206</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="372303206"/>
          <other otherDesc="Primary Identifier" value="372303206"/>
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        <balance>430820.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17517141.20000000</valUSD>
        <pctVal>0.930244774947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Caesars Entertainment Inc.</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment Inc.</title>
        <cusip>12769G100</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="12769G100"/>
          <other otherDesc="Primary Identifier" value="12769G100"/>
        </identifiers>
        <balance>526500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39103155.00000000</valUSD>
        <pctVal>2.076566330509</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>Universal Display Corp.</name>
        <lei>N/A</lei>
        <title>Universal Display Corp.</title>
        <cusip>91347P105</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="91347P105"/>
          <other otherDesc="Primary Identifier" value="91347P105"/>
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        <balance>241453.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55485899.40000000</valUSD>
        <pctVal>2.946569158219</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>
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      </invstOrSec>
      <invstOrSec>
        <name>MasterCard Inc. Class A</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>MasterCard Inc. Class A</title>
        <cusip>57636Q104</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="57636Q104"/>
          <other otherDesc="Primary Identifier" value="57636Q104"/>
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        <balance>211731.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75575263.14000000</valUSD>
        <pctVal>4.013411369387</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Q2 Holdings Inc.</name>
        <lei>549300M9RKR9DZXWS696</lei>
        <title>Q2 Holdings Inc.</title>
        <cusip>74736L109</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="74736L109"/>
          <other otherDesc="Primary Identifier" value="74736L109"/>
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        <balance>297400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37630022.00000000</valUSD>
        <pctVal>1.998335855547</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>
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      <invstOrSec>
        <name>ServiceNow Inc.</name>
        <lei>549300HJTQM36M0E1G39</lei>
        <title>ServiceNow Inc.</title>
        <cusip>81762P102</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="81762P102"/>
          <other otherDesc="Primary Identifier" value="81762P102"/>
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        <balance>75000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41282250.00000000</valUSD>
        <pctVal>2.192286796236</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Microsoft Corp.</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp.</title>
        <cusip>594918104</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="594918104"/>
          <other otherDesc="Primary Identifier" value="594918104"/>
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        <balance>551647.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>122697325.74000100</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>
      <invstOrSec>
        <name>adidas AG</name>
        <lei>549300JSX0Z4CW0V5023</lei>
        <title>adidas AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="4031976"/>
          <other otherDesc="Primary Identifier" value="4031976"/>
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        <balance>109564.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.81857000"/>
        <valUSD>39859686.10000000</valUSD>
        <pctVal>2.116741784644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State Street Institutional U.S. Government Money Market Fund - Premier Class</name>
        <lei>N/A</lei>
        <title>State Street Institutional U.S. Government Money Market Fund - Premier Class</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="857492706"/>
          <other otherDesc="Primary Identifier" value="857492706"/>
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        <balance>19890839.57000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19890839.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</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>
      <invstOrSec>
        <name>Pinterest Inc. Class A</name>
        <lei>N/A</lei>
        <title>Pinterest Inc. Class A</title>
        <cusip>72352L106</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="72352L106"/>
          <other otherDesc="Primary Identifier" value="72352L106"/>
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        <balance>535000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35256500.00000000</valUSD>
        <pctVal>1.872290377377</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Five9 Inc.</name>
        <lei>254900MXP6EWY0SFFR59</lei>
        <title>Five9 Inc.</title>
        <cusip>338307101</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="338307101"/>
          <other otherDesc="Primary Identifier" value="338307101"/>
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        <balance>418992.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73072204.80000000</valUSD>
        <pctVal>3.880486886129</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>Alcon Inc.</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Alcon Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="H01301128"/>
          <other otherDesc="Primary Identifier" value="H01301128"/>
        </identifiers>
        <balance>562918.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37141329.64000000</valUSD>
        <pctVal>1.972383931700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Take-Two Interactive Software Inc.</name>
        <lei>BOMSTHHJK882EWYX3334</lei>
        <title>Take-Two Interactive Software Inc.</title>
        <cusip>874054109</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="874054109"/>
          <other otherDesc="Primary Identifier" value="874054109"/>
        </identifiers>
        <balance>194952.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40509076.08000000</valUSD>
        <pctVal>2.151227528003</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>Twilio Inc. Class A</name>
        <lei>5493004W8TRGD63APX93</lei>
        <title>Twilio Inc. Class A</title>
        <cusip>90138F102</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90138F102"/>
          <other otherDesc="Primary Identifier" value="90138F102"/>
        </identifiers>
        <balance>168662.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57092087.00000000</valUSD>
        <pctVal>3.031865474863</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>CRISPR Therapeutics AG</name>
        <lei>506700O6IRRIQLT3W370</lei>
        <title>CRISPR Therapeutics AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="H17182108"/>
          <other otherDesc="Primary Identifier" value="H17182108"/>
        </identifiers>
        <balance>196014.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30011703.54000000</valUSD>
        <pctVal>1.593766362136</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>Tandem Diabetes Care Inc.</name>
        <lei>549300JEPFOD0K4D3I05</lei>
        <title>Tandem Diabetes Care Inc.</title>
        <cusip>875372203</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="875372203"/>
          <other otherDesc="Primary Identifier" value="875372203"/>
        </identifiers>
        <balance>233000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22293440.00000000</valUSD>
        <pctVal>1.183889302416</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>Masimo Corp.</name>
        <lei>549300Q4A8JK0PIYCU29</lei>
        <title>Masimo Corp.</title>
        <cusip>574795100</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="574795100"/>
          <other otherDesc="Primary Identifier" value="574795100"/>
        </identifiers>
        <balance>75000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20128500.00000000</valUSD>
        <pctVal>1.068920535533</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>Southwest Airlines Co.</name>
        <lei>UDTZ87G0STFETI6HGH41</lei>
        <title>Southwest Airlines Co.</title>
        <cusip>844741108</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="844741108"/>
          <other otherDesc="Primary Identifier" value="844741108"/>
        </identifiers>
        <balance>875000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40783750.00000000</valUSD>
        <pctVal>2.165814039351</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>NVIDIA Corp.</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp.</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="67066G104"/>
          <other otherDesc="Primary Identifier" value="67066G104"/>
        </identifiers>
        <balance>60266.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31470905.20000000</valUSD>
        <pctVal>1.671257015680</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>Insulet Corp.</name>
        <lei>549300TZTYD2PYN92D43</lei>
        <title>Insulet Corp.</title>
        <cusip>45784P101</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="45784P101"/>
          <other otherDesc="Primary Identifier" value="45784P101"/>
        </identifiers>
        <balance>153744.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39301578.72000000</valUSD>
        <pctVal>2.087103588081</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>Uber Technologies Inc.</name>
        <lei>549300B2FTG34FILDR98</lei>
        <title>Uber Technologies Inc.</title>
        <cusip>90353T100</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="90353T100"/>
          <other otherDesc="Primary Identifier" value="90353T100"/>
        </identifiers>
        <balance>1029410.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52499910.00000000</valUSD>
        <pctVal>2.787998703960</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>Facebook Inc. Class A</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Facebook Inc. Class A</title>
        <cusip>30303M102</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="30303M102"/>
          <other otherDesc="Primary Identifier" value="30303M102"/>
        </identifiers>
        <balance>275850.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75351186.00000000</valUSD>
        <pctVal>4.001511791352</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>
    <signature>
      <ncom:dateSigned>2021-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>IVY FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Joseph W. Kauten</ncom:signature>
      <ncom:signerName>Joseph W. Kauten</ncom:signerName>
      <ncom:title>Treasurer, Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
