Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HD	HOME DEPOT INC	123,900	$43.7M	3.8%	—	—	COM	437076102
NXPI	NXP SEMICONDUCTORS N V	155,000	$43.56M	3.8%	—	—	COM	N6596X109
DY	DYCOM INDS INC	72,663	$36.74M	3.2%	—	—	COM	267475101
HWM	HOWMET AEROSPACE INC	112,751	$30.31M	2.7%	—	—	COM	443201108
MMM	3M CO	178,880	$28.96M	2.5%	—	—	COM	88579Y101
AMZN	AMAZON COM INC	115,000	$27.41M	2.4%	—	—	COM	023135106
MCHP	MICROCHIP TECHNOLOGY INC.	223,765	$20.41M	1.8%	—	—	COM	595017104
HPE	HEWLETT PACKARD ENTERPRISE C	440,300	$19.86M	1.7%	—	—	COM	42824C109
LOW	LOWES COS INC	90,000	$19.84M	1.7%	—	—	COM	548661107
IEX	IDEX CORP	86,055	$19.53M	1.7%	—	—	COM	45167R104
ARW	ARROW ELECTRS INC	89,905	$19.19M	1.7%	—	—	COM	042735100
NVDA	NVIDIA CORPORATION	70,000	$14.01M	1.2%	—	—	COM	67066G104
CMG	CHIPOTLE MEXICAN GRILL INC	400,000	$13.6M	1.2%	—	—	COM	169656105
DHI	D R HORTON INC	80,000	$13.03M	1.1%	—	—	COM	23331A109
YETI	YETI HLDGS INC	220,000	$10.9M	1.0%	—	—	COM	98585X104
GNRC	GENERAC HLDGS INC	36,142	$10.58M	0.9%	—	—	COM	368736104
FND	FLOOR & DECOR HLDGS INC	177,500	$10.54M	0.9%	—	—	CL A	339750101
CCL	CARNIVAL CORP LTD	350,000	$9.999M	0.9%	—	—	COMMON SHARES	G2004J103
BBY	BEST BUY INC	127,500	$9.675M	0.8%	—	—	COM	086516101
JBHT	HUNT J B TRANS SVCS INC	33,200	$9.609M	0.8%	—	—	COM	445658107
RDDT	REDDIT INC	50,000	$8.679M	0.8%	—	—	CL A	75734B100
LITE	LUMENTUM HLDGS INC	10,000	$8.581M	0.8%	—	—	COM	55024U109
DOCN	DIGITALOCEAN HLDGS INC	50,000	$7.851M	0.7%	—	—	COM	25402D102
TGT	TARGET CORP	60,000	$7.837M	0.7%	—	—	COM	87612E106
URBN	URBAN OUTFITTERS INC	110,000	$7.795M	0.7%	—	—	COM	917047102
PUMP	PROPETRO HLDG CORP	490,832	$7.039M	0.6%	—	—	COM	74347M108
ACM	AECOM	92,048	$6.425M	0.6%	—	—	COM	00766T100
FIVE	FIVE BELOW INC	35,000	$6.293M	0.6%	—	—	COM	33829M101
CROX	CROCS INC	50,000	$6.032M	0.5%	—	—	COM	227046109
CRWV	COREWEAVE INC	52,297	$5.206M	0.5%	—	—	COM CL A	21873S108
BC	BRUNSWICK CORP	58,808	$4.954M	0.4%	—	—	COM	117043109
ASO	ACADEMY SPORTS & OUTDOORS IN	90,000	$4.242M	0.4%	—	—	COM	00402L107
DLTR	DOLLAR TREE INC	35,000	$4.233M	0.4%	—	—	COM	256746108
ORLY	OREILLY AUTOMOTIVE INC	45,000	$4.144M	0.4%	—	—	COM	67103H107
MELI	MERCADOLIBRE INC	2,000	$3.395M	0.3%	—	—	COM	58733R102
NFLX	NETFLIX INC.	40,000	$2.856M	0.3%	—	—	COM	64110L106
VSH	VISHAY INTERTECHNOLOGY INC	30,000	$1.613M	0.1%	—	—	COM	928298108
FDXF	FEDEX FGHT HLDG CO INC	10,000	$1.51M	0.1%	—	—	COMMON STOCK	314352105
XE	X-ENERGY INC	20,000	$367K	0.0%	—	—	COM CL A	98386P102

Increased Positions (20)

DOV DOVER CORP 3.4%

Value $38.37M (+332.9%) Shares 171,101 (+302.3%) Est. Cost — Unrealized —

DKS DICKS SPORTING GOODS INC 2.7%

Value $30.62M (+286.0%) Shares 135,000 (+237.5%) Est. Cost — Unrealized —

XPO XPO INC 1.8%

Value $20.43M (+250.1%) Shares 99,530 (+231.8%) Est. Cost — Unrealized —

AAOI APPLIED OPTOELECTRONICS INC 1.7%

Value $19.41M (+253.0%) Shares 131,004 (+101.5%) Est. Cost — Unrealized —

DASH DOORDASH INC 1.5%

Value $16.61M (+216.0%) Shares 90,000 (+157.1%) Est. Cost — Unrealized —

ODFL OLD DOMINION FREIGHT LINE IN 1.6%

Value $18.41M (+159.2%) Shares 85,000 (+133.8%) Est. Cost — Unrealized —

ABNB AIRBNB INC 1.0%

Value $11.45M (+353.3%) Shares 80,000 (+300.0%) Est. Cost — Unrealized —

MAR MARRIOTT INTL INC NEW 1.6%

Value $18.53M (+77.0%) Shares 50,000 (+56.3%) Est. Cost — Unrealized —

KNX KNIGHT-SWIFT TRANSN HLDGS IN 1.2%

Value $13.63M (+136.7%) Shares 175,000 (+75.0%) Est. Cost — Unrealized —

TOL TOLL BROTHERS INC 1.0%

Value $11.53M (+181.7%) Shares 70,000 (+133.3%) Est. Cost — Unrealized —

CRI CARTERS INC 0.7%

Value $8.232M (+475.5%) Shares 200,000 (+400.0%) Est. Cost — Unrealized —

BOOT BOOT BARN HLDGS INC 1.2%

Value $13.65M (+75.3%) Shares 83,100 (+56.1%) Est. Cost — Unrealized —

RRR RED ROCK RESORTS INC 0.9%

Value $9.759M (+142.4%) Shares 150,000 (+98.8%) Est. Cost — Unrealized —

SAIA SAIA INC 0.9%

Value $10.11M (+107.9%) Shares 24,000 (+73.4%) Est. Cost — Unrealized —

ROKU ROKU INC 0.8%

Value $9.67M (+70.3%) Shares 70,000 (+16.7%) Est. Cost — Unrealized —

TPR TAPESTRY INC 3.7%

Value $42.3M (+10.4%) Shares 289,000 (+6.4%) Est. Cost — Unrealized —

UBER UBER TECHNOLOGIES INC 0.6%

Value $7.216M (+100.6%) Shares 100,000 (+100.0%) Est. Cost — Unrealized —

DKNG DRAFTKINGS INC NEW 0.3%

Value $3.789M (+133.7%) Shares 150,000 (+100.0%) Est. Cost — Unrealized —

DECK DECKERS OUTDOOR CORP 0.4%

Value $4.965M (+65.3%) Shares 50,000 (+66.7%) Est. Cost — Unrealized —

RCL ROYAL CARIBBEAN GROUP 0.6%

Value $7.144M (+29.8%) Shares 22,500 (+12.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DOV	DOVER CORP	171,101 (+302.3%)	$38.37M (+332.9%)	3.4%	—	—	COM	260003108
DKS	DICKS SPORTING GOODS INC	135,000 (+237.5%)	$30.62M (+286.0%)	2.7%	—	—	COM	253393102
XPO	XPO INC	99,530 (+231.8%)	$20.43M (+250.1%)	1.8%	—	—	COM	983793100
AAOI	APPLIED OPTOELECTRONICS INC	131,004 (+101.5%)	$19.41M (+253.0%)	1.7%	—	—	COM	03823U102
DASH	DOORDASH INC	90,000 (+157.1%)	$16.61M (+216.0%)	1.5%	—	—	CL A	25809K105
ODFL	OLD DOMINION FREIGHT LINE IN	85,000 (+133.8%)	$18.41M (+159.2%)	1.6%	—	—	COM	679580100
ABNB	AIRBNB INC	80,000 (+300.0%)	$11.45M (+353.3%)	1.0%	—	—	COM CL A	009066101
MAR	MARRIOTT INTL INC NEW	50,000 (+56.3%)	$18.53M (+77.0%)	1.6%	—	—	CL A	571903202
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	175,000 (+75.0%)	$13.63M (+136.7%)	1.2%	—	—	CL A	499049104
TOL	TOLL BROTHERS INC	70,000 (+133.3%)	$11.53M (+181.7%)	1.0%	—	—	COM	889478103
CRI	CARTERS INC	200,000 (+400.0%)	$8.232M (+475.5%)	0.7%	—	—	COM	146229109
BOOT	BOOT BARN HLDGS INC	83,100 (+56.1%)	$13.65M (+75.3%)	1.2%	—	—	COM	099406100
RRR	RED ROCK RESORTS INC	150,000 (+98.8%)	$9.759M (+142.4%)	0.9%	—	—	CL A	75700L108
SAIA	SAIA INC	24,000 (+73.4%)	$10.11M (+107.9%)	0.9%	—	—	COM	78709Y105
ROKU	ROKU INC	70,000 (+16.7%)	$9.67M (+70.3%)	0.8%	—	—	COM CL A	77543R102
TPR	TAPESTRY INC	289,000 (+6.4%)	$42.3M (+10.4%)	3.7%	—	—	COM	876030107
UBER	UBER TECHNOLOGIES INC	100,000 (+100.0%)	$7.216M (+100.6%)	0.6%	—	—	COM	90353T100
DKNG	DRAFTKINGS INC NEW	150,000 (+100.0%)	$3.789M (+133.7%)	0.3%	—	—	COM CL A	26142V105
DECK	DECKERS OUTDOOR CORP	50,000 (+66.7%)	$4.965M (+65.3%)	0.4%	—	—	COM	243537107
RCL	ROYAL CARIBBEAN GROUP	22,500 (+12.5%)	$7.144M (+29.8%)	0.6%	—	—	COM	V7780T103

Exited Positions (29)

ZBRA ZEBRA TECHNOLOGIES CORPORATI 3.2%

Value $36.47M Shares 174,412 Est. Cost — Unrealized —

SN SHARKNINJA INC 1.8%

Value $20.65M Shares 195,000 Est. Cost — Unrealized —

AMD ADVANCED MICRO DEVICES INC 1.8%

Value $20.34M Shares 100,000 Est. Cost — Unrealized —

C CITIGROUP INC 1.5%

Value $17.01M Shares 150,000 Est. Cost — Unrealized —

DHR DANAHER CORP DEL 1.2%

Value $13.38M Shares 70,561 Est. Cost — Unrealized —

CPRI CAPRI HOLDINGS LIMITED 1.1%

Value $12.62M Shares 715,970 Est. Cost — Unrealized —

META META PLATFORMS INC 1.0%

Value $11.44M Shares 20,000 Est. Cost — Unrealized —

MU MICRON TECHNOLOGY INC 0.9%

Value $10.14M Shares 30,000 Est. Cost — Unrealized —

MKSI MKS INC. 0.8%

Value $9.472M Shares 41,216 Est. Cost — Unrealized —

EQPT EQUIPMENTSHARE COM INC 0.8%

Value $9.08M Shares 445,749 Est. Cost — Unrealized —

ETN EATON CORP PLC 0.7%

Value $8.46M Shares 23,652 Est. Cost — Unrealized —

CFG CITIZENS FINL GROUP INC 0.5%

Value $5.997M Shares 100,000 Est. Cost — Unrealized —

BKNG BOOKING HOLDINGS INC 0.4%

Value $4.21M Shares 1,000 Est. Cost — Unrealized —

CCL CARNIVAL CORP 0.3%

Value $3.882M Shares 150,000 Est. Cost — Unrealized —

AEO AMERICAN EAGLE OUTFITTERS IN 0.3%

Value $3.34M Shares 200,000 Est. Cost — Unrealized —

EAT BRINKER INTL INC 0.3%

Value $3.255M Shares 22,800 Est. Cost — Unrealized —

TJX TJX COS INC NEW 0.3%

Value $3.194M Shares 20,000 Est. Cost — Unrealized —

ONON ON HLDG AG 0.2%

Value $2.483M Shares 73,000 Est. Cost — Unrealized —

BRCB BLACK ROCK COFFEE BAR INC 0.2%

Value $2.455M Shares 190,000 Est. Cost — Unrealized —

FPS FORGENT POWER SOLUTIONS INC 0.2%

Value $2.122M Shares 72,500 Est. Cost — Unrealized —

MCD MCDONALDS CORP 0.1%

Value $1.554M Shares 5,000 Est. Cost — Unrealized —

LIF LIFE360 INC 0.1%

Value $1.308M Shares 32,054 Est. Cost — Unrealized —

PTON PELOTON INTERACTIVE INC 0.1%

Value $1.287M Shares 300,000 Est. Cost — Unrealized —

GIII G III APPAREL GROUP LTD 0.1%

Value $1.1M Shares 39,700 Est. Cost — Unrealized —

HCI HCI GROUP INC 0.1%

Value $715K Shares 4,624 Est. Cost — Unrealized —

AZO AUTOZONE INC 0.1%

Value $676K Shares 200 Est. Cost — Unrealized —

WYNN WYNN RESORTS LTD 0.0%

Value $508K Shares 5,000 Est. Cost — Unrealized —

SRAD SPORTRADAR GROUP AG 0.0%

Value $505K Shares 30,150 Est. Cost — Unrealized —

SIG SIGNET JEWELERS LIMITED 0.0%

Value $406K Shares 4,800 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ZBRA	ZEBRA TECHNOLOGIES CORPORATI	174,412	$36.47M	3.2%	—	—	—	989207105
SN	SHARKNINJA INC	195,000	$20.65M	1.8%	—	—	—	G8068L108
AMD	ADVANCED MICRO DEVICES INC	100,000	$20.34M	1.8%	—	—	—	007903107
C	CITIGROUP INC	150,000	$17.01M	1.5%	—	—	—	172967424
DHR	DANAHER CORP DEL	70,561	$13.38M	1.2%	—	—	—	235851102
CPRI	CAPRI HOLDINGS LIMITED	715,970	$12.62M	1.1%	—	—	—	G1890L107
META	META PLATFORMS INC	20,000	$11.44M	1.0%	—	—	—	30303M102
MU	MICRON TECHNOLOGY INC	30,000	$10.14M	0.9%	—	—	—	595112103
MKSI	MKS INC.	41,216	$9.472M	0.8%	—	—	—	55306N104
EQPT	EQUIPMENTSHARE COM INC	445,749	$9.08M	0.8%	—	—	—	29445S100
ETN	EATON CORP PLC	23,652	$8.46M	0.7%	—	—	—	G29183103
CFG	CITIZENS FINL GROUP INC	100,000	$5.997M	0.5%	—	—	—	174610105
BKNG	BOOKING HOLDINGS INC	1,000	$4.21M	0.4%	—	—	—	09857L108
CCL	CARNIVAL CORP	150,000	$3.882M	0.3%	—	—	—	143658300
AEO	AMERICAN EAGLE OUTFITTERS IN	200,000	$3.34M	0.3%	—	—	—	02553E106
EAT	BRINKER INTL INC	22,800	$3.255M	0.3%	—	—	—	109641100
TJX	TJX COS INC NEW	20,000	$3.194M	0.3%	—	—	—	872540109
ONON	ON HLDG AG	73,000	$2.483M	0.2%	—	—	—	H5919C104
BRCB	BLACK ROCK COFFEE BAR INC	190,000	$2.455M	0.2%	—	—	—	092244102
FPS	FORGENT POWER SOLUTIONS INC	72,500	$2.122M	0.2%	—	—	—	34631F102
MCD	MCDONALDS CORP	5,000	$1.554M	0.1%	—	—	—	580135101
LIF	LIFE360 INC	32,054	$1.308M	0.1%	—	—	—	532206109
PTON	PELOTON INTERACTIVE INC	300,000	$1.287M	0.1%	—	—	—	70614W100
GIII	G III APPAREL GROUP LTD	39,700	$1.1M	0.1%	—	—	—	36237H101
HCI	HCI GROUP INC	4,624	$715K	0.1%	—	—	—	40416E103
AZO	AUTOZONE INC	200	$676K	0.1%	—	—	—	053332102
WYNN	WYNN RESORTS LTD	5,000	$508K	0.0%	—	—	—	983134107
SRAD	SPORTRADAR GROUP AG	30,150	$505K	0.0%	—	—	—	H8088L103
SIG	SIGNET JEWELERS LIMITED	4,800	$406K	0.0%	—	—	—	G81276100

Decreased Positions (24)

ROST ROSS STORES INC 2.4%

Value $27.67M (-25.5%) Shares 130,000 (-24.2%) Est. Cost — Unrealized —

BURL BURLINGTON STORES INC 0.8%

Value $9.504M (-41.6%) Shares 30,000 (-40.0%) Est. Cost — Unrealized —

COHR COHERENT CORP 1.2%

Value $14.15M (-31.9%) Shares 35,860 (-58.9%) Est. Cost — Unrealized —

FDX FEDEX CORP 0.5%

Value $6.263M (-49.8%) Shares 20,000 (-42.9%) Est. Cost — Unrealized —

GPI GROUP 1 AUTOMOTIVE INC 0.1%

Value $1.339M (-79.7%) Shares 4,600 (-77.0%) Est. Cost — Unrealized —

CART MAPLEBEAR INC 0.4%

Value $4.735M (-44.8%) Shares 100,000 (-56.3%) Est. Cost — Unrealized —

RYAAY RYANAIR HOLDINGS PLC 0.2%

Value $1.942M (-66.4%) Shares 30,000 (-70.0%) Est. Cost — Unrealized —

OLLI OLLIES BARGAIN OUTLET HLDGS 0.0%

Value $384K (-89.9%) Shares 5,000 (-87.9%) Est. Cost — Unrealized —

VIK VIKING HOLDINGS LTD 2.2%

Value $25.12M (-8.8%) Shares 240,000 (-36.0%) Est. Cost — Unrealized —

W WAYFAIR INC 0.3%

Value $3.697M (-38.9%) Shares 40,000 (-50.2%) Est. Cost — Unrealized —

CHDN CHURCHILL DOWNS INC 0.5%

Value $5.157M (-28.2%) Shares 57,527 (-28.1%) Est. Cost — Unrealized —

VSCO VICTORIAS SECRET AND CO 1.5%

Value $16.7M (+10.8%) Shares 200,000 (-38.5%) Est. Cost — Unrealized —

SPHR SPHERE ENTERTAINMENT CO 0.5%

Value $6.056M (+29.0%) Shares 35,000 (-12.5%) Est. Cost — Unrealized —

LYV LIVE NATION ENTERTAINMENT IN 1.0%

Value $11.9M (+11.5%) Shares 65,000 (-7.1%) Est. Cost — Unrealized —

UAL UNITED AIRLS HLDGS INC 0.4%

Value $4.76M (+29.2%) Shares 35,000 (-12.5%) Est. Cost — Unrealized —

RL RALPH LAUREN CORP 2.6%

Value $30.11M (-3.3%) Shares 75,000 (-17.1%) Est. Cost — Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 0.6%

Value $6.887M (-11.2%) Shares 15,000 (-6.3%) Est. Cost — Unrealized —

HZO MARINEMAX INC 0.3%

Value $3.551M (-19.4%) Shares 96,978 (-40.4%) Est. Cost — Unrealized —

HLT HILTON WORLDWIDE HLDGS INC 2.5%

Value $28.09M (+2.6%) Shares 85,000 (-5.6%) Est. Cost — Unrealized —

PENN PENN ENTERTAINMENT INC 0.2%

Value $2.67M (+18.4%) Shares 125,000 (-16.7%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 0.5%

Value $6.075M (+5.6%) Shares 17,000 (-15.0%) Est. Cost — Unrealized —

GTES GATES INDL CORP PLC 1.4%

Value $15.65M (-1.4%) Shares 559,559 (-20.3%) Est. Cost — Unrealized —

CPA COPA HOLDINGS SA 1.2%

Value $13.83M (+1.4%) Shares 88,900 (-25.9%) Est. Cost — Unrealized —

BROS DUTCH BROS INC 1.6%

Value $17.74M (+0.9%) Shares 247,000 (-28.8%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ROST	ROSS STORES INC	130,000 (-24.2%)	$27.67M (-25.5%)	2.4%	—	—	COM	778296103
BURL	BURLINGTON STORES INC	30,000 (-40.0%)	$9.504M (-41.6%)	0.8%	—	—	COM	122017106
COHR	COHERENT CORP	35,860 (-58.9%)	$14.15M (-31.9%)	1.2%	—	—	COM	19247G107
FDX	FEDEX CORP	20,000 (-42.9%)	$6.263M (-49.8%)	0.5%	—	—	COM	31428X106
GPI	GROUP 1 AUTOMOTIVE INC	4,600 (-77.0%)	$1.339M (-79.7%)	0.1%	—	—	COM	398905109
CART	MAPLEBEAR INC	100,000 (-56.3%)	$4.735M (-44.8%)	0.4%	—	—	COM	565394103
RYAAY	RYANAIR HOLDINGS PLC	30,000 (-70.0%)	$1.942M (-66.4%)	0.2%	—	—	SPONSORED ADR	783513203
OLLI	OLLIES BARGAIN OUTLET HLDGS	5,000 (-87.9%)	$384K (-89.9%)	0.0%	—	—	COM	681116109
VIK	VIKING HOLDINGS LTD	240,000 (-36.0%)	$25.12M (-8.8%)	2.2%	—	—	ORD SHS	G93A5A101
W	WAYFAIR INC	40,000 (-50.2%)	$3.697M (-38.9%)	0.3%	—	—	CL A	94419L101
CHDN	CHURCHILL DOWNS INC	57,527 (-28.1%)	$5.157M (-28.2%)	0.5%	—	—	COM	171484108
VSCO	VICTORIAS SECRET AND CO	200,000 (-38.5%)	$16.7M (+10.8%)	1.5%	—	—	COMMON STOCK	926400102
SPHR	SPHERE ENTERTAINMENT CO	35,000 (-12.5%)	$6.056M (+29.0%)	0.5%	—	—	CL A	55826T102
LYV	LIVE NATION ENTERTAINMENT IN	65,000 (-7.1%)	$11.9M (+11.5%)	1.0%	—	—	COM	538034109
UAL	UNITED AIRLS HLDGS INC	35,000 (-12.5%)	$4.76M (+29.2%)	0.4%	—	—	COM	910047109
RL	RALPH LAUREN CORP	75,000 (-17.1%)	$30.11M (-3.3%)	2.6%	—	—	CL A	751212101
SPOT	SPOTIFY TECHNOLOGY S A	15,000 (-6.3%)	$6.887M (-11.2%)	0.6%	—	—	SHS	L8681T102
HZO	MARINEMAX INC	96,978 (-40.4%)	$3.551M (-19.4%)	0.3%	—	—	COM	567908108
HLT	HILTON WORLDWIDE HLDGS INC	85,000 (-5.6%)	$28.09M (+2.6%)	2.5%	—	—	COM	43300A203
PENN	PENN ENTERTAINMENT INC	125,000 (-16.7%)	$2.67M (+18.4%)	0.2%	—	—	COM	707569109
GOOGL	ALPHABET INC	17,000 (-15.0%)	$6.075M (+5.6%)	0.5%	—	—	CAP STK CL A	02079K305
GTES	GATES INDL CORP PLC	559,559 (-20.3%)	$15.65M (-1.4%)	1.4%	—	—	ORD SHS	G39108108
CPA	COPA HOLDINGS SA	88,900 (-25.9%)	$13.83M (+1.4%)	1.2%	—	—	CL A	P31076105
BROS	DUTCH BROS INC	247,000 (-28.8%)	$17.74M (+0.9%)	1.6%	—	—	CL A	26701L100

Unchanged Positions (6)

LTH LIFE TIME GROUP HOLDINGS INC 1.1%

Value $12.07M Shares 295,600 Est. Cost — Unrealized —

DAL DELTA AIR LINES INC 0.7%

Value $7.493M Shares 80,000 Est. Cost — Unrealized —

AS AMER SPORTS INC 2.5%

Value $28.26M Shares 835,000 Est. Cost — Unrealized —

LUV SOUTHWEST AIRLS CO 0.2%

Value $2.571M Shares 50,000 Est. Cost — Unrealized —

ONEW ONEWATER MARINE INC 0.1%

Value $796K Shares 70,659 Est. Cost — Unrealized —

OMC OMNICOM GROUP INC 0.0%

Value $218K Shares 3,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LTH	LIFE TIME GROUP HOLDINGS INC	295,600	$12.07M	1.1%	—	—	COMMON STOCK	53190C102
DAL	DELTA AIR LINES INC	80,000	$7.493M	0.7%	—	—	COM NEW	247361702
AS	AMER SPORTS INC	835,000	$28.26M	2.5%	—	—	COM SHS	G0260P102
LUV	SOUTHWEST AIRLS CO	50,000	$2.571M	0.2%	—	—	COM	844741108
ONEW	ONEWATER MARINE INC	70,659	$796K	0.1%	—	—	CL A COM	68280L101
OMC	OMNICOM GROUP INC	3,000	$218K	0.0%	—	—	COM	681919106