AMERICAN CENTURY COMPANIES INC

A megacap-anchored core. NVIDIA leads at 5.48% ($10.6B), followed by Apple (3.29%), Microsoft (3.08%), Amazon (2.60%) and Alphabet (2.59%). The structure is conventional large-cap growth — but the manager spent the quarter taking profits across it.

Trimming winners. NVIDIA was reduced by $1.2B, Amazon by $1.1B, Alphabet by $884M, Apple by $678M and Tesla by $570M. Microsoft saw the largest single change at roughly $1.3B lower. This is the signature of an active book harvesting gains rather than abandoning a thesis.