Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BLK	BLACKROCK INC	152,555	$147M	2.5%	—	—	COM	09290D101
MKSI	MKS INC.	496,685	$114M	1.9%	—	—	COM	55306N104
MRK	MERCK & CO INC	726,481	$87.39M	1.5%	—	—	COM	58933Y105
CBRE	CBRE GROUP INC	544,657	$73.78M	1.3%	—	—	CL A	12504L109
CRS	CARPENTER TECHNOLOGY CORP	185,338	$73.05M	1.2%	—	—	COM	144285103
MSGS	MADISON SQUARE GRDN SPRT COR	217,854	$70.02M	1.2%	—	—	CL A	55825T103
LYB	LYONDELLBASELL INDUSTRIES NV	686,229	$55.28M	0.9%	—	—	SHS - A -	N53745100
CCJ	CAMECO CORP	499,263	$54.22M	0.9%	—	—	COM	13321L108
WDC	WESTERN DIGITAL CORP	189,287	$51.2M	0.9%	—	—	COM	958102105
DOW	DOW HLDGS INC	1,135,045	$47.27M	0.8%	—	—	COM	260557103
TTMI	TTM TECHNOLOGIES INC	459,857	$44.8M	0.8%	—	—	COM	87305R109
STEP	STEPSTONE GROUP INC	895,445	$42.73M	0.7%	—	—	COM CL A	85914M107
NOK	NOKIA CORP	5,212,154	$41.91M	0.7%	—	—	SPONSORED ADR	654902204
ILMN	ILLUMINA INC	325,999	$40.18M	0.7%	—	—	COM	452327109
HSY	HERSHEY CO	184,800	$38.42M	0.7%	—	—	CALL	427866108
DNTH	DIANTHUS THERAPEUTICS INC	431,115	$36.18M	0.6%	—	—	COM	252828108
RVMD	REVOLUTION MEDICINES INC	371,948	$36.17M	0.6%	—	—	COM	76155X100
GH	GUARDANT HEALTH INC	249,137	$23.01M	0.4%	—	—	COM	40131M109
MEOH	METHANEX CORP	384,212	$22.88M	0.4%	—	—	COM	59151K108
SYRE	SPYRE THERAPEUTICS INC	396,661	$20.01M	0.3%	—	—	COM NEW	00773J202
ITGR	INTEGER HLDGS CORP	193,185	$17M	0.3%	—	—	COM	45826H109
PICS	PICS NV	1,388,280	$14.51M	0.2%	—	—	COM CL A	N69958101
AGBK	AGI INC	1,064,972	$7.742M	0.1%	—	—	COM SHS CL A	G0118C105
FWONA	LIBERTY MEDIA CORP DEL	97,749	$7.632M	0.1%	—	—	COM LBTY ONE S A	531229771
GGAL	GRUPO FINANCIERO GALICIA S.A	133,715	$6.246M	0.1%	—	—	SPONSORED ADR	399909100
SAN	BANCO SANTANDER SA	448,813	$5.063M	0.1%	—	—	ADR	05964H105

Increased Positions (24)

PRMB PRIMO BRANDS CORPORATION 5.3%

Value $313M (+387.2%) Shares 16,629,599 (+323.0%) Est. Cost — Unrealized —

JPM JPMORGAN CHASE & CO 6.7%

Value $394M (+92.3%) Shares 1,339,952 (+110.6%) Est. Cost — Unrealized —

LPLA LPL FINL HLDGS INC 11.9%

Value $699M (+23.9%) Shares 2,323,360 (+47.1%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 3.1%

Value $183M (+151.5%) Shares 877,933 (+178.8%) Est. Cost — Unrealized —

FWONK LIBERTY MEDIA CORP DEL 2.4%

Value $143M (+209.7%) Shares 1,682,596 (+258.9%) Est. Cost — Unrealized —

VSEC VSE CORP 1.5%

Value $87.69M (+232.1%) Shares 475,549 (+211.2%) Est. Cost — Unrealized —

IP INTERNATIONAL PAPER CO 1.5%

Value $88.72M (+186.1%) Shares 2,485,152 (+215.7%) Est. Cost — Unrealized —

META META PLATFORMS INC 2.8%

Value $166M (+30.4%) Shares 290,844 (+50.4%) Est. Cost — Unrealized —

WSC WILLSCOT HLDGS CORP 1.4%

Value $80.84M (+82.1%) Shares 4,656,451 (+97.5%) Est. Cost — Unrealized —

MRX MAREX GROUP PLC 1.3%

Value $75.29M (+71.9%) Shares 1,688,877 (+47.9%) Est. Cost — Unrealized —

LYV LIVE NATION ENTERTAINMENT IN 1.9%

Value $109M (+38.8%) Shares 714,024 (+29.7%) Est. Cost — Unrealized —

BBAR BANCO BBVA ARGENTINA S A 0.6%

Value $37.69M (+62.3%) Shares 2,347,026 (+82.7%) Est. Cost — Unrealized —

AMRZ AMRIZE LTD 0.5%

Value $28.13M (+76.2%) Shares 502,099 (+70.1%) Est. Cost — Unrealized —

BLDR BUILDERS FIRSTSOURCE INC 0.7%

Value $42.1M (+19.8%) Shares 511,363 (+49.7%) Est. Cost — Unrealized —

KRMN KARMAN HLDGS INC 0.6%

Value $33.57M (+25.2%) Shares 419,314 (+14.5%) Est. Cost — Unrealized —

BRKR BRUKER CORP 0.9%

Value $55.63M (-10.4%) Shares 1,540,049 (+16.9%) Est. Cost — Unrealized —

DYN DYNE THERAPEUTICS INC 0.6%

Value $34.86M (+19.4%) Shares 1,922,543 (+28.8%) Est. Cost — Unrealized —

SPXC SPX TECHNOLOGIES INC 0.8%

Value $46.63M (+10.5%) Shares 233,223 (+10.6%) Est. Cost — Unrealized —

INSM INSMED INC 1.2%

Value $68.22M (+6.1%) Shares 417,205 (+12.9%) Est. Cost — Unrealized —

MELI MERCADOLIBRE INC 2.0%

Value $116M (+2.9%) Shares 66,808 (+19.9%) Est. Cost — Unrealized —

RCUS ARCUS BIOSCIENCES INC 0.7%

Value $41.22M (+7.8%) Shares 1,908,412 (+19.0%) Est. Cost — Unrealized —

NEO NEOGENOMICS INC 0.3%

Value $18.98M (+16.2%) Shares 2,557,349 (+84.2%) Est. Cost — Unrealized —

XLY SELECT SECTOR SPDR TR 0.3%

Value $19.59M (+6.0%) Shares 179,763 (+16.2%) Est. Cost — Unrealized —

VTMX VESTA REAL ESTATE CORP 0.0%

Value $2.572M (+10.6%) Shares 77,130 (+1.1%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PRMB	PRIMO BRANDS CORPORATION	16,629,599 (+323.0%)	$313M (+387.2%)	5.3%	—	—	CLASS A COM SHS	741623102
JPM	JPMORGAN CHASE & CO	1,339,952 (+110.6%)	$394M (+92.3%)	6.7%	—	—	COM	46625H100
LPLA	LPL FINL HLDGS INC	2,323,360 (+47.1%)	$699M (+23.9%)	11.9%	—	—	COM	50212V100
AMZN	AMAZON COM INC	877,933 (+178.8%)	$183M (+151.5%)	3.1%	—	—	COM	023135106
FWONK	LIBERTY MEDIA CORP DEL	1,682,596 (+258.9%)	$143M (+209.7%)	2.4%	—	—	COM LBTY ONE S C	531229755
VSEC	VSE CORP	475,549 (+211.2%)	$87.69M (+232.1%)	1.5%	—	—	COM	918284100
IP	INTERNATIONAL PAPER CO	2,485,152 (+215.7%)	$88.72M (+186.1%)	1.5%	—	—	COM	460146103
META	META PLATFORMS INC	290,844 (+50.4%)	$166M (+30.4%)	2.8%	—	—	CL A	30303M102
WSC	WILLSCOT HLDGS CORP	4,656,451 (+97.5%)	$80.84M (+82.1%)	1.4%	—	—	COM CL A	971378104
MRX	MAREX GROUP PLC	1,688,877 (+47.9%)	$75.29M (+71.9%)	1.3%	—	—	ORD	G5S37H101
LYV	LIVE NATION ENTERTAINMENT IN	714,024 (+29.7%)	$109M (+38.8%)	1.9%	—	—	COM	538034109
BBAR	BANCO BBVA ARGENTINA S A	2,347,026 (+82.7%)	$37.69M (+62.3%)	0.6%	—	—	SPONSORED ADS	058934100
AMRZ	AMRIZE LTD	502,099 (+70.1%)	$28.13M (+76.2%)	0.5%	—	—	SHS	H2927K103
BLDR	BUILDERS FIRSTSOURCE INC	511,363 (+49.7%)	$42.1M (+19.8%)	0.7%	—	—	COM	12008R107
KRMN	KARMAN HLDGS INC	419,314 (+14.5%)	$33.57M (+25.2%)	0.6%	—	—	COMMON STOCK	485924104
BRKR	BRUKER CORP	1,540,049 (+16.9%)	$55.63M (-10.4%)	0.9%	—	—	COM	116794108
DYN	DYNE THERAPEUTICS INC	1,922,543 (+28.8%)	$34.86M (+19.4%)	0.6%	—	—	COM	26818M108
SPXC	SPX TECHNOLOGIES INC	233,223 (+10.6%)	$46.63M (+10.5%)	0.8%	—	—	COM	78473E103
INSM	INSMED INC	417,205 (+12.9%)	$68.22M (+6.1%)	1.2%	—	—	COM PAR $.01	457669307
MELI	MERCADOLIBRE INC	66,808 (+19.9%)	$116M (+2.9%)	2.0%	—	—	COM	58733R102
RCUS	ARCUS BIOSCIENCES INC	1,908,412 (+19.0%)	$41.22M (+7.8%)	0.7%	—	—	COM	03969F109
NEO	NEOGENOMICS INC	2,557,349 (+84.2%)	$18.98M (+16.2%)	0.3%	—	—	COM NEW	64049M209
XLY	SELECT SECTOR SPDR TR	179,763 (+16.2%)	$19.59M (+6.0%)	0.3%	—	—	STATE STREET CON	81369Y407
VTMX	VESTA REAL ESTATE CORP	77,130 (+1.1%)	$2.572M (+10.6%)	0.0%	—	—	ADS	92540K109

Exited Positions (24)

IVZ INVESCO LTD 1.9%

Value $111M Shares 4,211,041 Est. Cost — Unrealized —

TEL TE CONNECTIVITY PLC 1.4%

Value $80.22M Shares 352,592 Est. Cost — Unrealized —

PEN PENUMBRA INC 1.1%

Value $66.21M Shares 212,956 Est. Cost — Unrealized —

ICLR ICON PLC 1.0%

Value $61.53M Shares 337,681 Est. Cost — Unrealized —

FICO FAIR ISAAC CORP 1.0%

Value $59.07M Shares 34,939 Est. Cost — Unrealized —

SPHR SPHERE ENTERTAINMENT CO 1.0%

Value $57.67M Shares 606,525 Est. Cost — Unrealized —

ITUB ITAU UNIBANCO HLDG S A 1.0%

Value $56.72M Shares 7,922,354 Est. Cost — Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.8%

Value $48.15M Shares 224,837 Est. Cost — Unrealized —

MLYS MINERALYS THERAPEUTICS INC 0.8%

Value $47.36M Shares 1,304,932 Est. Cost — Unrealized —

WBS WEBSTER FINL CORP 0.7%

Value $39.45M Shares 626,862 Est. Cost — Unrealized —

ALB ALBEMARLE CORP 0.5%

Value $30.28M Shares 214,102 Est. Cost — Unrealized —

KO COCA COLA CO 0.5%

Value $29.38M Shares 420,189 Est. Cost — Unrealized —

FCX FREEPORT-MCMORAN INC 0.5%

Value $29.26M Shares 576,122 Est. Cost — Unrealized —

BSX BOSTON SCIENTIFIC CORP 0.5%

Value $28.52M Shares 299,118 Est. Cost — Unrealized —

OLMA OLEMA PHARMACEUTICALS INC 0.5%

Value $26.74M Shares 1,069,543 Est. Cost — Unrealized —

XYZ BLOCK INC 0.4%

Value $25.99M Shares 399,219 Est. Cost — Unrealized —

AN AUTONATION INC 0.4%

Value $24.75M Shares 119,862 Est. Cost — Unrealized —

NTRA NATERA INC 0.4%

Value $24.74M Shares 108,007 Est. Cost — Unrealized —

CHDN CHURCHILL DOWNS INC 0.3%

Value $19.97M Shares 175,516 Est. Cost — Unrealized —

REZI RESIDEO TECHNOLOGIES INC 0.3%

Value $19.3M Shares 549,475 Est. Cost — Unrealized —

SKY CHAMPION HOMES INC 0.3%

Value $18.48M Shares 218,754 Est. Cost — Unrealized —

ABVX ABIVAX SA 0.2%

Value $11.37M Shares 84,286 Est. Cost — Unrealized —

LULU LULULEMON ATHLETICA INC 0.2%

Value $9.185M Shares 44,200 Est. Cost — Unrealized —

MDLN MEDLINE INC 0.1%

Value $5.231M Shares 124,542 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IVZ	INVESCO LTD	4,211,041	$111M	1.9%	—	—	—	G491BT108
TEL	TE CONNECTIVITY PLC	352,592	$80.22M	1.4%	—	—	—	G87052109
PEN	PENUMBRA INC	212,956	$66.21M	1.1%	—	—	—	70975L107
ICLR	ICON PLC	337,681	$61.53M	1.0%	—	—	—	G4705A100
FICO	FAIR ISAAC CORP	34,939	$59.07M	1.0%	—	—	—	303250104
SPHR	SPHERE ENTERTAINMENT CO	606,525	$57.67M	1.0%	—	—	—	55826T102
ITUB	ITAU UNIBANCO HLDG S A	7,922,354	$56.72M	1.0%	—	—	—	465562106
AMD	ADVANCED MICRO DEVICES INC	224,837	$48.15M	0.8%	—	—	—	007903107
MLYS	MINERALYS THERAPEUTICS INC	1,304,932	$47.36M	0.8%	—	—	—	603170101
WBS	WEBSTER FINL CORP	626,862	$39.45M	0.7%	—	—	—	947890109
ALB	ALBEMARLE CORP	214,102	$30.28M	0.5%	—	—	—	012653101
KO	COCA COLA CO	420,189	$29.38M	0.5%	—	—	—	191216100
FCX	FREEPORT-MCMORAN INC	576,122	$29.26M	0.5%	—	—	—	35671D857
BSX	BOSTON SCIENTIFIC CORP	299,118	$28.52M	0.5%	—	—	—	101137107
OLMA	OLEMA PHARMACEUTICALS INC	1,069,543	$26.74M	0.5%	—	—	—	68062P106
XYZ	BLOCK INC	399,219	$25.99M	0.4%	—	—	—	852234103
AN	AUTONATION INC	119,862	$24.75M	0.4%	—	—	—	05329W102
NTRA	NATERA INC	108,007	$24.74M	0.4%	—	—	—	632307104
CHDN	CHURCHILL DOWNS INC	175,516	$19.97M	0.3%	—	—	—	171484108
REZI	RESIDEO TECHNOLOGIES INC	549,475	$19.3M	0.3%	—	—	—	76118Y104
SKY	CHAMPION HOMES INC	218,754	$18.48M	0.3%	—	—	—	830830105
ABVX	ABIVAX SA	84,286	$11.37M	0.2%	—	—	—	00370M103
LULU	LULULEMON ATHLETICA INC	44,200	$9.185M	0.2%	—	—	CALL	550021109
MDLN	MEDLINE INC	124,542	$5.231M	0.1%	—	—	—	58507V107

Decreased Positions (23)

BAC BANK AMERICA CORP 0.4%

Value $23.07M (-95.5%) Shares 473,238 (-95.0%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 1.6%

Value $93.61M (-74.7%) Shares 252,873 (-67.0%) Est. Cost — Unrealized —

COF CAPITAL ONE FINL CORP 3.7%

Value $219M (-52.7%) Shares 1,202,502 (-37.2%) Est. Cost — Unrealized —

FSLR FIRST SOLAR INC 1.7%

Value $101M (-51.3%) Shares 510,931 (-35.5%) Est. Cost — Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 0.5%

Value $29.89M (-77.1%) Shares 61,640 (-72.6%) Est. Cost — Unrealized —

CVS CVS HEALTH CORP 0.4%

Value $26.13M (-73.0%) Shares 363,765 (-70.2%) Est. Cost — Unrealized —

CNM CORE & MAIN INC 1.5%

Value $87.52M (-40.7%) Shares 1,771,682 (-37.7%) Est. Cost — Unrealized —

ASML ASML HLDG NV 1.0%

Value $59.82M (-46.3%) Shares 45,291 (-56.5%) Est. Cost — Unrealized —

MS MORGAN STANLEY 3.7%

Value $218M (-17.8%) Shares 1,323,544 (-11.4%) Est. Cost — Unrealized —

COHR COHERENT CORP 0.2%

Value $12.76M (-74.0%) Shares 53,557 (-79.8%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 1.9%

Value $113M (-22.9%) Shares 647,922 (-17.5%) Est. Cost — Unrealized —

RBA RB GLOBAL INC 1.9%

Value $113M (-20.6%) Shares 1,176,340 (-14.8%) Est. Cost — Unrealized —

BRSL BRIGHTSTAR LOTTERY PLC 1.4%

Value $84.07M (-24.4%) Shares 6,599,108 (-8.1%) Est. Cost — Unrealized —

PCT PURECYCLE TECHNOLOGIES INC 0.2%

Value $13.18M (-66.9%) Shares 2,539,706 (-45.2%) Est. Cost — Unrealized —

LLY ELI LILLY & CO 1.1%

Value $65.44M (-28.9%) Shares 71,144 (-16.9%) Est. Cost — Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 2.6%

Value $152M (-14.2%) Shares 449,561 (-22.8%) Est. Cost — Unrealized —

JBTM JBT MAREL CORPORATION 0.8%

Value $44.96M (-34.3%) Shares 351,608 (-22.6%) Est. Cost — Unrealized —

MTZ MASTEC INC 0.8%

Value $44.43M (-33.3%) Shares 138,080 (-54.9%) Est. Cost — Unrealized —

BMA BANCO MACRO S A 0.7%

Value $42.29M (-27.5%) Shares 546,540 (-15.5%) Est. Cost — Unrealized —

CVCO CAVCO INDS INC DEL 0.6%

Value $33.65M (-20.2%) Shares 69,484 (-2.7%) Est. Cost — Unrealized —

TERN TERNS PHARMACEUTICALS INC 0.4%

Value $24.91M (-24.3%) Shares 472,472 (-42.0%) Est. Cost — Unrealized —

INTR INTER & CO INC 1.1%

Value $67.15M (-8.4%) Shares 8,435,841 (-2.4%) Est. Cost — Unrealized —

VOO VANGUARD INDEX FDS 0.0%

Value $237K (-8.2%) Shares 396 (-3.6%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMERICA CORP	473,238 (-95.0%)	$23.07M (-95.5%)	0.4%	—	—	COM	060505104
MSFT	MICROSOFT CORP	252,873 (-67.0%)	$93.61M (-74.7%)	1.6%	—	—	COM	594918104
COF	CAPITAL ONE FINL CORP	1,202,502 (-37.2%)	$219M (-52.7%)	3.7%	—	—	COM	14040H105
FSLR	FIRST SOLAR INC	510,931 (-35.5%)	$101M (-51.3%)	1.7%	—	—	COM	336433107
SPOT	SPOTIFY TECHNOLOGY S A	61,640 (-72.6%)	$29.89M (-77.1%)	0.5%	—	—	SHS	L8681T102
CVS	CVS HEALTH CORP	363,765 (-70.2%)	$26.13M (-73.0%)	0.4%	—	—	COM	126650100
CNM	CORE & MAIN INC	1,771,682 (-37.7%)	$87.52M (-40.7%)	1.5%	—	—	CL A	21874C102
ASML	ASML HLDG NV	45,291 (-56.5%)	$59.82M (-46.3%)	1.0%	—	—	N Y REGISTRY SHS	N07059210
MS	MORGAN STANLEY	1,323,544 (-11.4%)	$218M (-17.8%)	3.7%	—	—	COM NEW	617446448
COHR	COHERENT CORP	53,557 (-79.8%)	$12.76M (-74.0%)	0.2%	—	—	COM	19247G107
NVDA	NVIDIA CORPORATION	647,922 (-17.5%)	$113M (-22.9%)	1.9%	—	—	COM	67066G104
RBA	RB GLOBAL INC	1,176,340 (-14.8%)	$113M (-20.6%)	1.9%	—	—	COM	74935Q107
BRSL	BRIGHTSTAR LOTTERY PLC	6,599,108 (-8.1%)	$84.07M (-24.4%)	1.4%	—	—	SHS USD	G4863A108
PCT	PURECYCLE TECHNOLOGIES INC	2,539,706 (-45.2%)	$13.18M (-66.9%)	0.2%	—	—	COM	74623V103
LLY	ELI LILLY & CO	71,144 (-16.9%)	$65.44M (-28.9%)	1.1%	—	—	COM	532457108
TSM	TAIWAN SEMICONDUCTOR MANUFAC	449,561 (-22.8%)	$152M (-14.2%)	2.6%	—	—	SPONSORED ADS	874039100
JBTM	JBT MAREL CORPORATION	351,608 (-22.6%)	$44.96M (-34.3%)	0.8%	—	—	COM	477839104
MTZ	MASTEC INC	138,080 (-54.9%)	$44.43M (-33.3%)	0.8%	—	—	COM	576323109
BMA	BANCO MACRO S A	546,540 (-15.5%)	$42.29M (-27.5%)	0.7%	—	—	SPON ADR B	05961W105
CVCO	CAVCO INDS INC DEL	69,484 (-2.7%)	$33.65M (-20.2%)	0.6%	—	—	COM	149568107
TERN	TERNS PHARMACEUTICALS INC	472,472 (-42.0%)	$24.91M (-24.3%)	0.4%	—	—	COM	880881107
INTR	INTER & CO INC	8,435,841 (-2.4%)	$67.15M (-8.4%)	1.1%	—	—	CLASS A COM	G4R20B107
VOO	VANGUARD INDEX FDS	396 (-3.6%)	$237K (-8.2%)	0.0%	—	—	S&P 500 ETF SHS	922908363

Unchanged Positions (3)

PAX PATRIA INVESTMENTS LIMITED 0.4%

Value $25.86M Shares 2,052,068 Est. Cost — Unrealized —

VINP VINCI COMPASS INVESTMENTS LT 0.4%

Value $25.46M Shares 2,413,134 Est. Cost — Unrealized —

KSPI KASPI KZ JSC 1.3%

Value $79.03M Shares 1,066,995 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PAX	PATRIA INVESTMENTS LIMITED	2,052,068	$25.86M	0.4%	—	—	COM CL A	G69451105
VINP	VINCI COMPASS INVESTMENTS LT	2,413,134	$25.46M	0.4%	—	—	COM CL A	G9451V109
KSPI	KASPI KZ JSC	1,066,995	$79.03M	1.3%	—	—	SPONSORED ADS	48581R205