Sunstone Asset Management, L.P. Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PANW	PALO ALTO NETWORKS INC	17,113	$2,744	3.2%	$172.15	0.0%	COM	697435105
AMD	ADVANCED MICRO DEVICES INC	11,096	$2,257	2.7%	$221.70	0.0%	COM	007903107
GLW	CORNING INC	15,171	$2,063	2.4%	$111.68	0.0%	COM	219350105
APH	AMPHENOL CORP	14,500	$1,832	2.2%	$146.40	0.0%	CL A	032095101
KLAC	KLA CORP	960	$1,414	1.7%	$1462.03	0.0%	COM NEW	482480100
NOK	NOKIA CORP	164,800	$1,325	1.6%	$8.04	—	SPONSORED ADR	654902204
INTU	INTUIT	2,880	$1,245	1.5%	$497.56	0.0%	COM	461202103
SNOW	SNOWFLAKE INC	7,200	$1,086	1.3%	$194.49	0.0%	COM SHS	833445109
RMBS	RAMBUS INC DEL	11,746	$1,011	1.2%	$104.73	0.0%	COM	750917106
U	UNITY SOFTWARE INC	42,900	$941	1.1%	$32.68	0.0%	COM	91332U101
—	SUPER MICRO COMPUTER INC	1,000,000	$872	1.0%	$0.87	—	NOTE 2.250% 7/1	86800UAD6
RBLX	ROBLOX CORP	14,729	$833	1.0%	$71.75	0.0%	CL A	771049103
ADI	ANALOG DEVICES INC	2,400	$764	0.9%	$316.17	0.0%	COM	032654105
ZS	ZSCALER INC	3,760	$527	0.6%	$193.32	0.0%	COM	98980G102
TCOM	TRIP COM GROUP LTD	9,700	$483	0.6%	$49.79	—	ADS	89677Q107
ZM	ZOOM COMMUNICATIONS INC	4,200	$338	0.4%	$88.07	0.0%	CL A	98980L101
ESTC	ELASTIC N V	6,600	$330	0.4%	$66.95	0.0%	ORD SHS	N14506104
S	SENTINELONE INC	20,000	$258	0.3%	$13.96	0.0%	CL A	81730H109
—	CORNING INC	10,000	$159	0.2%	—	—	CALL	219350905
—	ETSY INC	12,500	$72	0.1%	—	—	CALL	29786A906

Increased Positions (18)

AMAT APPLIED MATLS INC 3.0%

Value ($000) $2,563 (+221.8%) Shares 7,500 (+141.9%) Est. Cost $290.58 Unrealized +12.4%

MDB MONGODB INC 4.6%

Value ($000) $3,915 (+71.1%) Shares 15,996 (+193.5%) Est. Cost $371.97 Unrealized +1.1%

NVDA NVIDIA CORPORATION 6.2%

Value ($000) $5,310 (+39.3%) Shares 30,441 (+48.9%) Est. Cost $186.30 Unrealized +0.2%

— BILL HOLDINGS INC 4.9%

Value ($000) $4,156 (+50.2%) Shares 4,660,000 (+55.3%) Est. Cost $0.91 Unrealized —

MTSI MACOM TECH SOLUTIONS HLDGS I 3.7%

Value ($000) $3,167 (+44.9%) Shares 14,261 (+11.8%) Est. Cost $165.27 Unrealized +33.7%

DASH DOORDASH INC 2.8%

Value ($000) $2,357 (-24.9%) Shares 15,700 (+13.3%) Est. Cost $230.12 Unrealized -14.5%

SNPS SYNOPSYS INC 3.5%

Value ($000) $2,946 (+25.2%) Shares 7,430 (+48.3%) Est. Cost $453.17 Unrealized +4.1%

NTNX NUTANIX INC 1.5%

Value ($000) $1,250 (-19.1%) Shares 32,890 (+10.0%) Est. Cost $59.52 Unrealized -26.6%

SE SEA LTD 1.3%

Value ($000) $1,127 (+33.6%) Shares 13,614 (+105.8%) Est. Cost $104.56 Unrealized —

NOW SERVICENOW INC 1.0%

Value ($000) $839 (-24.9%) Shares 8,030 (+10.0%) Est. Cost $166.96 Unrealized -27.4%

GLD SPDR GOLD TR 1.3%

Value ($000) $1,102 (+26.9%) Shares 2,560 (+16.9%) Est. Cost $401.23 Unrealized —

JOYY JOYY INC 1.3%

Value ($000) $1,092 (+21.3%) Shares 18,705 (+34.5%) Est. Cost $63.13 Unrealized —

GOOG ALPHABET INC 1.6%

Value ($000) $1,333 (+16.5%) Shares 4,647 (+27.4%) Est. Cost $294.37 Unrealized +10.0%

MSFT MICROSOFT CORP 2.6%

Value ($000) $2,184 (-7.8%) Shares 5,900 (+20.4%) Est. Cost $489.40 Unrealized -11.2%

ORCL ORACLE CORP 1.0%

Value ($000) $809 (-17.0%) Shares 5,500 (+10.0%) Est. Cost $231.83 Unrealized -26.8%

SONY SONY GROUP CORP 1.2%

Value ($000) $1,027 (+14.9%) Shares 49,626 (+42.1%) Est. Cost $24.15 Unrealized —

SHOP SHOPIFY INC 1.0%

Value ($000) $853 (+8.2%) Shares 7,190 (+46.7%) Est. Cost $152.88 Unrealized -10.7%

TWLO TWILIO INC 1.7%

Value ($000) $1,455 (-2.7%) Shares 11,566 (+10.0%) Est. Cost $123.69 Unrealized -1.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMAT	APPLIED MATLS INC	7,500 (+141.9%)	$2,563 (+221.8%)	3.0%	$290.58	+12.4%	COM	038222105
MDB	MONGODB INC	15,996 (+193.5%)	$3,915 (+71.1%)	4.6%	$371.97	+1.1%	CL A	60937P106
NVDA	NVIDIA CORPORATION	30,441 (+48.9%)	$5,310 (+39.3%)	6.2%	$186.30	+0.2%	COM	67066G104
—	BILL HOLDINGS INC	4,660,000 (+55.3%)	$4,156 (+50.2%)	4.9%	$0.91	—	NOTE 4/0	090043AF7
MTSI	MACOM TECH SOLUTIONS HLDGS I	14,261 (+11.8%)	$3,167 (+44.9%)	3.7%	$165.27	+33.7%	COM	55405Y100
DASH	DOORDASH INC	15,700 (+13.3%)	$2,357 (-24.9%)	2.8%	$230.12	-14.5%	CL A	25809K105
SNPS	SYNOPSYS INC	7,430 (+48.3%)	$2,946 (+25.2%)	3.5%	$453.17	+4.1%	COM	871607107
NTNX	NUTANIX INC	32,890 (+10.0%)	$1,250 (-19.1%)	1.5%	$59.52	-26.6%	CL A	67059N108
SE	SEA LTD	13,614 (+105.8%)	$1,127 (+33.6%)	1.3%	$104.56	—	SPONSORD ADS	81141R100
NOW	SERVICENOW INC	8,030 (+10.0%)	$839 (-24.9%)	1.0%	$166.96	-27.4%	COM	81762P102
GLD	SPDR GOLD TR	2,560 (+16.9%)	$1,102 (+26.9%)	1.3%	$401.23	—	GOLD SHS	78463V107
JOYY	JOYY INC	18,705 (+34.5%)	$1,092 (+21.3%)	1.3%	$63.13	—	ADS REPSTG COM A	46591M109
GOOG	ALPHABET INC	4,647 (+27.4%)	$1,333 (+16.5%)	1.6%	$294.37	+10.0%	CAP STK CL C	02079K107
MSFT	MICROSOFT CORP	5,900 (+20.4%)	$2,184 (-7.8%)	2.6%	$489.40	-11.2%	COM	594918104
ORCL	ORACLE CORP	5,500 (+10.0%)	$809 (-17.0%)	1.0%	$231.83	-26.8%	COM	68389X105
SONY	SONY GROUP CORP	49,626 (+42.1%)	$1,027 (+14.9%)	1.2%	$24.15	—	SPONSORED ADR	835699307
SHOP	SHOPIFY INC	7,190 (+46.7%)	$853 (+8.2%)	1.0%	$152.88	-10.7%	CL A SUB VTG SHS	82509L107
TWLO	TWILIO INC	11,566 (+10.0%)	$1,455 (-2.7%)	1.7%	$123.69	-1.5%	CL A	90138F102

Exited Positions (18)

IQ 6.5 03/15/28 IQIYI INC 36.3%

Value ($000) $30,954 Shares 30,800,000 Est. Cost $1.00 Unrealized —

— CYBERARK SOFTWARE LTD 4.5%

Value ($000) $3,836 Shares 8,600 Est. Cost $446.06 Unrealized —

— CONFLUENT INC 2.6%

Value ($000) $2,236 Shares 2,297,000 Est. Cost $0.97 Unrealized —

MNDY MONDAY COM LTD 2.0%

Value ($000) $1,718 Shares 11,641 Est. Cost $168.41 Unrealized -35.0%

TXN TEXAS INSTRS INC 1.7%

Value ($000) $1,448 Shares 8,348 Est. Cost $170.73 Unrealized +20.8%

— TERADYNE INC 1.1%

Value ($000) $967 Shares 10,000 Est. Cost — Unrealized —

FORM FORMFACTOR INC 1.0%

Value ($000) $859 Shares 15,409 Est. Cost $50.39 Unrealized +61.1%

TTD THE TRADE DESK INC 0.9%

Value ($000) $759 Shares 20,000 Est. Cost $44.33 Unrealized -29.6%

CFLT CONFLUENT INC 0.8%

Value ($000) $644 Shares 21,300 Est. Cost $24.55 Unrealized +24.2%

DDOG DATADOG INC 0.5%

Value ($000) $436 Shares 3,206 Est. Cost $158.02 Unrealized -21.6%

BE BLOOM ENERGY CORP 0.5%

Value ($000) $417 Shares 4,800 Est. Cost $105.07 Unrealized +37.7%

SMCI SUPER MICRO COMPUTER INC 0.5%

Value ($000) $410 Shares 14,000 Est. Cost $41.17 Unrealized -24.5%

— MONGODB INC 0.4%

Value ($000) $368 Shares 5,000 Est. Cost — Unrealized —

KVYO KLAVIYO INC 0.4%

Value ($000) $336 Shares 10,335 Est. Cost $28.01 Unrealized -18.6%

— CONFLUENT INC 0.3%

Value ($000) $240 Shares 45,000 Est. Cost — Unrealized —

— BROADCOM INC 0.3%

Value ($000) $232 Shares 5,000 Est. Cost — Unrealized —

— NVIDIA CORPORATION 0.1%

Value ($000) $68 Shares 10,000 Est. Cost — Unrealized —

— SENTINELONE INC 0.0%

Value ($000) $21 Shares 70,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IQ 6.5 03/15/28	IQIYI INC	30,800,000	$30,954	36.3%	$1.00	—	—	G4939KAF3
—	CYBERARK SOFTWARE LTD	8,600	$3,836	4.5%	$446.06	—	—	M2682V108
—	CONFLUENT INC	2,297,000	$2,236	2.6%	$0.97	—	—	20717MAB9
MNDY	MONDAY COM LTD	11,641	$1,718	2.0%	$168.41	-35.0%	—	M7S64H106
TXN	TEXAS INSTRS INC	8,348	$1,448	1.7%	$170.73	+20.8%	—	882508104
—	TERADYNE INC	10,000	$967	1.1%	—	—	CALL	880770902
FORM	FORMFACTOR INC	15,409	$859	1.0%	$50.39	+61.1%	—	346375108
TTD	THE TRADE DESK INC	20,000	$759	0.9%	$44.33	-29.6%	—	88339J105
CFLT	CONFLUENT INC	21,300	$644	0.8%	$24.55	+24.2%	—	20717M103
DDOG	DATADOG INC	3,206	$436	0.5%	$158.02	-21.6%	—	23804L103
BE	BLOOM ENERGY CORP	4,800	$417	0.5%	$105.07	+37.7%	—	093712107
SMCI	SUPER MICRO COMPUTER INC	14,000	$410	0.5%	$41.17	-24.5%	—	86800U302
—	MONGODB INC	5,000	$368	0.4%	—	—	CALL	60937P906
KVYO	KLAVIYO INC	10,335	$336	0.4%	$28.01	-18.6%	—	49845K101
—	CONFLUENT INC	45,000	$240	0.3%	—	—	CALL	20717M903
—	BROADCOM INC	5,000	$232	0.3%	—	—	CALL	11135F901
—	NVIDIA CORPORATION	10,000	$68	0.1%	—	—	CALL	67066G904
—	SENTINELONE INC	70,000	$21	0.0%	—	—	CALL	81730H909

Decreased Positions (4)

AVGO BROADCOM INC 1.0%

Value ($000) $843 (-53.5%) Shares 2,721 (-48.1%) Est. Cost $357.00 Unrealized -6.4%

SNDK SANDISK CORP 1.9%

Value ($000) $1,652 (+132.0%) Shares 2,600 (-13.3%) Est. Cost $200.29 Unrealized +157.9%

TTMI TTM TECHNOLOGIES INC 1.4%

Value ($000) $1,179 (+25.8%) Shares 12,100 (-10.9%) Est. Cost $65.27 Unrealized +43.1%

FLEX FLEXTRONICS INTL LTD 2.3%

Value ($000) $1,982 (-2.2%) Shares 30,274 (-9.7%) Est. Cost $61.77 Unrealized +3.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	BROADCOM INC	2,721 (-48.1%)	$843 (-53.5%)	1.0%	$357.00	-6.4%	COM	11135F101
SNDK	SANDISK CORP	2,600 (-13.3%)	$1,652 (+132.0%)	1.9%	$200.29	+157.9%	COM	80004C200
TTMI	TTM TECHNOLOGIES INC	12,100 (-10.9%)	$1,179 (+25.8%)	1.4%	$65.27	+43.1%	COM	87305R109
FLEX	FLEXTRONICS INTL LTD	30,274 (-9.7%)	$1,982 (-2.2%)	2.3%	$61.77	+3.6%	ORD	Y2573F102

Unchanged Positions (19)

EQIX EQUINIX INC 2.4%

Value ($000) $2,044 Shares 2,085 Est. Cost $781.19 Unrealized -2.2%

— MAPLEBEAR INC 0.0%

Value ($000) $38 Shares 60,000 Est. Cost — Unrealized —

V VISA INC 2.6%

Value ($000) $2,206 Shares 7,300 Est. Cost $340.38 Unrealized -3.3%

OLED UNIVERSAL DISPLAY CORP 1.0%

Value ($000) $845 Shares 9,217 Est. Cost $129.25 Unrealized -8.0%

MRSH MARSH & MCLENNAN COS INC 2.7%

Value ($000) $2,278 Shares 13,132 Est. Cost $186.43 Unrealized -2.7%

ABNB AIRBNB INC 2.5%

Value ($000) $2,109 Shares 16,700 Est. Cost $124.53 Unrealized +3.9%

— PALO ALTO NETWORKS INC 0.0%

Value ($000) $21 Shares 10,000 Est. Cost — Unrealized —

— SUPER MICRO COMPUTER INC 0.9%

Value ($000) $800 Shares 1,000,000 Est. Cost $0.89 Unrealized —

ZIP ZIPRECRUITER INC 0.1%

Value ($000) $71 Shares 38,810 Est. Cost $4.50 Unrealized -43.0%

TDS TELEPHONE & DATA SYS INC 3.5%

Value ($000) $2,972 Shares 70,604 Est. Cost $38.95 Unrealized +13.9%

ETSY ETSY INC 0.6%

Value ($000) $545 Shares 10,900 Est. Cost $61.02 Unrealized -8.5%

CLS CELESTICA INC 1.3%

Value ($000) $1,126 Shares 3,998 Est. Cost $301.37 Unrealized -0.1%

— NUTANIX INC 0.0%

Value ($000) $19 Shares 10,000 Est. Cost — Unrealized —

NFLX NETFLIX INC. 1.8%

Value ($000) $1,538 Shares 16,000 Est. Cost $107.81 Unrealized -22.2%

— ETSY INC 1.1%

Value ($000) $978 Shares 1,000,000 Est. Cost $1.01 Unrealized —

AMT AMERICAN TOWER CORP 2.0%

Value ($000) $1,711 Shares 9,914 Est. Cost $180.30 Unrealized -3.0%

— UNITY SOFTWARE INC 2.3%

Value ($000) $1,946 Shares 2,000,000 Est. Cost $0.97 Unrealized —

— FIVE9 INC 0.2%

Value ($000) $175 Shares 200,000 Est. Cost $0.90 Unrealized —

EM SMART SH GLOBAL LTD 0.1%

Value ($000) $55 Shares 48,918 Est. Cost $1.17 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EQIX	EQUINIX INC	2,085	$2,044	2.4%	$781.19	-2.2%	COM	29444U700
—	MAPLEBEAR INC	60,000	$38	0.0%	—	—	CALL	565394903
V	VISA INC	7,300	$2,206	2.6%	$340.38	-3.3%	COM CL A	92826C839
OLED	UNIVERSAL DISPLAY CORP	9,217	$845	1.0%	$129.25	-8.0%	COM	91347P105
MRSH	MARSH & MCLENNAN COS INC	13,132	$2,278	2.7%	$186.43	-2.7%	COM	571748102
ABNB	AIRBNB INC	16,700	$2,109	2.5%	$124.53	+3.9%	COM CL A	009066101
—	PALO ALTO NETWORKS INC	10,000	$21	0.0%	—	—	CALL	697435905
—	SUPER MICRO COMPUTER INC	1,000,000	$800	0.9%	$0.89	—	NOTE 3.500% 3/0	86800UAB0
ZIP	ZIPRECRUITER INC	38,810	$71	0.1%	$4.50	-43.0%	CL A	98980B103
TDS	TELEPHONE & DATA SYS INC	70,604	$2,972	3.5%	$38.95	+13.9%	COM NEW	879433829
ETSY	ETSY INC	10,900	$545	0.6%	$61.02	-8.5%	COM	29786A106
CLS	CELESTICA INC	3,998	$1,126	1.3%	$301.37	-0.1%	COM	15101Q207
—	NUTANIX INC	10,000	$19	0.0%	—	—	CALL	67059N908
NFLX	NETFLIX INC.	16,000	$1,538	1.8%	$107.81	-22.2%	COM	64110L106
—	ETSY INC	1,000,000	$978	1.1%	$1.01	—	NOTE 0.125%10/0	29786AAJ5
AMT	AMERICAN TOWER CORP	9,914	$1,711	2.0%	$180.30	-3.0%	COM	03027X100
—	UNITY SOFTWARE INC	2,000,000	$1,946	2.3%	$0.97	—	NOTE 11/1	91332UAB7
—	FIVE9 INC	200,000	$175	0.2%	$0.90	—	NOTE 1.000% 3/1	338307AF8
EM	SMART SH GLOBAL LTD	48,918	$55	0.1%	$1.17	—	ADS	83193E102