FORMULA GROWTH LTD Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MOD	MODINE MFG CO	14,700	$3,186	1.4%	$176.49	0.0%	COM	607828100
KVYO	KLAVIYO INC	150,000	$2,919	1.3%	$22.82	0.0%	COM SER A	49845K101
EQPT	EQUIPMENTSHARE COM INC	136,950	$2,790	1.3%	$20.37	—	COM CL A	29445S100
FPS	FORGENT POWER SOLUTIONS INC	82,852	$2,425	1.1%	$29.27	—	COM SHS CL A	34631F102
MDB	MONGODB INC	9,000	$2,203	1.0%	$376.18	0.0%	CL A	60937P106
INSM	INSMED INC	9,000	$1,472	0.7%	$159.03	0.0%	COM PAR $.01	457669307
WDAY	WORKDAY INC	10,000	$1,299	0.6%	$172.62	0.0%	CL A	98138H101
LNTH	LANTHEUS HLDGS INC	16,000	$1,214	0.5%	$68.45	0.0%	COM	516544103
CSTL	CASTLE BIOSCIENCES INC	46,000	$1,129	0.5%	$36.78	0.0%	COM	14843C105
ROAD	CONSTRUCTION PARTNERS INC	10,000	$1,111	0.5%	$120.72	0.0%	COM CL A	21044C107
BRBR	BELLRING BRANDS INC	65,000	$1,046	0.5%	$22.20	0.0%	COMMON STOCK	07831C103
ONON	ON HLDG AG	30,000	$1,021	0.5%	$46.33	0.0%	NAMEN AKT A	H5919C104
APO	APOLLO GLOBAL MGMT INC	8,500	$947	0.4%	$133.41	0.0%	COM	03769M106
MANE	VERADERMICS INC	14,000	$884	0.4%	$63.15	—	COMMON STOCK	922967104
AGYS	AGILYSYS INC	12,000	$854	0.4%	$96.10	0.0%	COM	00847J105
EYE	NATIONAL VISION HLDGS INC	31,300	$811	0.4%	$27.15	0.0%	COM	63845R107
ICLR	ICON PLC	7,000	$775	0.3%	$156.36	0.0%	SHS	G4705A100
HUBS	HUBSPOT INC	3,000	$732	0.3%	$291.68	0.0%	COM	443573100
HYMC	HYCROFT MINING HOLDING CORP	20,000	$704	0.3%	$38.43	0.0%	CL A NEW	44862P208
CLBT	CELLEBRITE DI LTD	50,000	$689	0.3%	$15.55	0.0%	ORDINARY SHARES	M2197Q107
TRI	THOMSON REUTERS CORP	7,300	$657	0.3%	$107.05	0.0%	COM	884903808
PLSE	PULSE BIOSCIENCES INC	30,000	$648	0.3%	$17.27	0.0%	COM	74587B101
TGT	TARGET CORP	5,300	$642	0.3%	$109.20	0.0%	COM	87612E106
EVER	EVERQUOTE INC	40,000	$617	0.3%	$20.67	0.0%	COM CL A	30041R108
GLOB	GLOBANT S A	12,900	$595	0.3%	$60.35	0.0%	COM	L44385109
CBLL	CERIBELL INC	31,000	$568	0.3%	$21.09	0.0%	COM	15678C102
ESOA	ENERGY SERVICES OF AMER CORP	42,689	$561	0.3%	$10.50	0.0%	COM	29271Q103
EVH	EVOLENT HEALTH INC	215,000	$490	0.2%	$3.36	0.0%	CL A	30050B101
MTN	VAIL RESORTS INC	3,000	$385	0.2%	$137.87	0.0%	COM	91879Q109
OKLO	OKLO INC	7,600	$377	0.2%	$80.32	0.0%	COM CL A	02156V109
SONO	SONOS INC	27,000	$362	0.2%	$15.89	0.0%	COM	83570H108
BANC	BANC OF CALIFORNIA INC	17,000	$299	0.1%	$20.16	0.0%	COM	05990K106
PSTL	POSTAL REALTY TRUST INC	16,000	$297	0.1%	$18.56	—	CL A	73757R102
TLSI	TRISALUS LIFE SCIENCES INC	50,000	$200	0.1%	$5.29	0.0%	COM	89680M101
MDALF	MDA SPACE LTD	5,000	$127	0.1%	$25.60	0.0%	COM	55293N109

Increased Positions (19)

LAW CS DISCO INC 1.4%

Value ($000) $3,056 (-47.5%) Shares 800,000 (+6.7%) Est. Cost $6.61 Unrealized -18.1%

FOXF FOX FACTORY HLDG CORP 2.1%

Value ($000) $4,596 (+93.0%) Shares 279,206 (+100.6%) Est. Cost $20.11 Unrealized -5.8%

NOK NOKIA CORP 1.7%

Value ($000) $3,819 (+114.6%) Shares 475,000 (+72.7%) Est. Cost $7.13 Unrealized —

LULU LULULEMON ATHLETICA INC 1.4%

Value ($000) $3,062 (+145.6%) Shares 20,000 (+233.3%) Est. Cost $186.50 Unrealized +1.2%

CALX CALIX INC 0.8%

Value ($000) $1,862 (+251.7%) Shares 38,000 (+280.0%) Est. Cost $48.88 Unrealized +9.0%

MEC MAYVILLE ENGR CO INC 0.8%

Value ($000) $1,795 (+139.7%) Shares 100,000 (+150.0%) Est. Cost $18.39 Unrealized +7.5%

NAVN NAVAN INC 0.8%

Value ($000) $1,854 (+117.0%) Shares 140,000 (+180.0%) Est. Cost $14.02 Unrealized -7.4%

SWIM LATHAM GROUP INC 3.0%

Value ($000) $6,740 (-11.9%) Shares 1,255,082 (+4.1%) Est. Cost $4.54 Unrealized +45.2%

AIR AAR CORP 1.0%

Value ($000) $2,296 (+54.1%) Shares 20,974 (+16.5%) Est. Cost $86.06 Unrealized +23.4%

U UNITY SOFTWARE INC 1.3%

Value ($000) $2,852 (-19.3%) Shares 130,000 (+62.5%) Est. Cost $30.59 Unrealized +6.8%

ARLO ARLO TECHNOLOGIES INC 0.9%

Value ($000) $1,992 (+42.4%) Shares 140,000 (+40.0%) Est. Cost $14.90 Unrealized -14.1%

ABNB AIRBNB INC 0.6%

Value ($000) $1,263 (+86.1%) Shares 10,000 (+100.0%) Est. Cost $129.38 Unrealized +0.0%

PSN PARSONS CORP DEL 0.7%

Value ($000) $1,490 (+60.7%) Shares 27,500 (+83.3%) Est. Cost $73.55 Unrealized -7.7%

ZIP ZIPRECRUITER INC 0.3%

Value ($000) $644 (-45.0%) Shares 350,000 (+16.7%) Est. Cost $4.34 Unrealized -40.9%

SSYS STRATASYS LTD 2.8%

Value ($000) $6,248 (+9.1%) Shares 800,000 (+21.2%) Est. Cost $9.17 Unrealized +16.3%

COMP COMPASS INC 1.9%

Value ($000) $4,147 (-8.2%) Shares 567,300 (+32.8%) Est. Cost $9.15 Unrealized +28.5%

EXPE EXPEDIA GROUP INC 0.3%

Value ($000) $707 (-9.6%) Shares 3,060 (+10.9%) Est. Cost $205.47 Unrealized +23.3%

PROF PROFOUND MED CORP 0.7%

Value ($000) $1,563 (-2.2%) Shares 241,138 (+18.8%) Est. Cost $7.64 Unrealized -2.7%

NSP INSPERITY INC 0.8%

Value ($000) $1,804 (-0.3%) Shares 66,700 (+42.8%) Est. Cost $38.87 Unrealized -3.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LAW	CS DISCO INC	800,000 (+6.7%)	$3,056 (-47.5%)	1.4%	$6.61	-18.1%	COM	126327105
FOXF	FOX FACTORY HLDG CORP	279,206 (+100.6%)	$4,596 (+93.0%)	2.1%	$20.11	-5.8%	COM	35138V102
NOK	NOKIA CORP	475,000 (+72.7%)	$3,819 (+114.6%)	1.7%	$7.13	—	SPONSORED ADR	654902204
LULU	LULULEMON ATHLETICA INC	20,000 (+233.3%)	$3,062 (+145.6%)	1.4%	$186.50	+1.2%	COM	550021109
CALX	CALIX INC	38,000 (+280.0%)	$1,862 (+251.7%)	0.8%	$48.88	+9.0%	COM	13100M509
MEC	MAYVILLE ENGR CO INC	100,000 (+150.0%)	$1,795 (+139.7%)	0.8%	$18.39	+7.5%	COM	578605107
NAVN	NAVAN INC	140,000 (+180.0%)	$1,854 (+117.0%)	0.8%	$14.02	-7.4%	CL A	639193101
SWIM	LATHAM GROUP INC	1,255,082 (+4.1%)	$6,740 (-11.9%)	3.0%	$4.54	+45.2%	COM	51819L107
AIR	AAR CORP	20,974 (+16.5%)	$2,296 (+54.1%)	1.0%	$86.06	+23.4%	COM	000361105
U	UNITY SOFTWARE INC	130,000 (+62.5%)	$2,852 (-19.3%)	1.3%	$30.59	+6.8%	COM	91332U101
ARLO	ARLO TECHNOLOGIES INC	140,000 (+40.0%)	$1,992 (+42.4%)	0.9%	$14.90	-14.1%	COM	04206A101
ABNB	AIRBNB INC	10,000 (+100.0%)	$1,263 (+86.1%)	0.6%	$129.38	+0.0%	COM CL A	009066101
PSN	PARSONS CORP DEL	27,500 (+83.3%)	$1,490 (+60.7%)	0.7%	$73.55	-7.7%	COM	70202L102
ZIP	ZIPRECRUITER INC	350,000 (+16.7%)	$644 (-45.0%)	0.3%	$4.34	-40.9%	CL A	98980B103
SSYS	STRATASYS LTD	800,000 (+21.2%)	$6,248 (+9.1%)	2.8%	$9.17	+16.3%	SHS	M85548101
COMP	COMPASS INC	567,300 (+32.8%)	$4,147 (-8.2%)	1.9%	$9.15	+28.5%	CL A	20464U100
EXPE	EXPEDIA GROUP INC	3,060 (+10.9%)	$707 (-9.6%)	0.3%	$205.47	+23.3%	COM NEW	30212P303
PROF	PROFOUND MED CORP	241,138 (+18.8%)	$1,563 (-2.2%)	0.7%	$7.64	-2.7%	COM NEW	74319B502
NSP	INSPERITY INC	66,700 (+42.8%)	$1,804 (-0.3%)	0.8%	$38.87	-3.4%	COM	45778Q107

Exited Positions (23)

CPRI CAPRI HOLDINGS LIMITED 1.8%

Value ($000) $3,986 Shares 163,376 Est. Cost $25.35 Unrealized -9.9%

MNDY MONDAY COM LTD 1.3%

Value ($000) $2,951 Shares 20,000 Est. Cost $230.24 Unrealized -52.5%

NTRA NATERA INC 1.1%

Value ($000) $2,524 Shares 11,018 Est. Cost $47.99 Unrealized +370.6%

CWAN CLEARWATER ANALYTICS HLDGS I 1.0%

Value ($000) $2,120 Shares 87,883 Est. Cost $21.23 Unrealized +12.2%

TTD THE TRADE DESK INC 0.9%

Value ($000) $1,898 Shares 50,000 Est. Cost $85.79 Unrealized -63.6%

SHOO MADDEN STEVEN LTD 0.8%

Value ($000) $1,758 Shares 42,224 Est. Cost $38.43 Unrealized +8.6%

OWLT OWLET INC 0.8%

Value ($000) $1,700 Shares 105,000 Est. Cost $11.34 Unrealized +13.4%

ASAN ASANA INC 0.7%

Value ($000) $1,645 Shares 120,000 Est. Cost $18.17 Unrealized -44.9%

NOW SERVICENOW INC 0.7%

Value ($000) $1,532 Shares 10,000 Est. Cost $171.54 Unrealized -29.4%

WGS GENEDX HOLDINGS CORP 0.7%

Value ($000) $1,520 Shares 11,684 Est. Cost $137.25 Unrealized -26.3%

AR ANTERO RESOURCES CORP 0.6%

Value ($000) $1,413 Shares 41,000 Est. Cost $33.87 Unrealized -0.2%

PEN PENUMBRA INC 0.6%

Value ($000) $1,275 Shares 4,100 Est. Cost $276.19 Unrealized +22.9%

VFC V F CORP 0.5%

Value ($000) $1,188 Shares 65,721 Est. Cost $18.62 Unrealized +7.0%

AGX ARGAN INC 0.5%

Value ($000) $1,109 Shares 3,540 Est. Cost $228.35 Unrealized +62.3%

CVLT COMMVAULT SYS INC 0.5%

Value ($000) $1,003 Shares 8,000 Est. Cost $140.69 Unrealized -26.9%

FIG FIGMA INC 0.4%

Value ($000) $860 Shares 23,000 Est. Cost $45.19 Unrealized -37.1%

ANF ABERCROMBIE & FITCH CO 0.3%

Value ($000) $655 Shares 5,200 Est. Cost $87.43 Unrealized +17.0%

RXST RXSIGHT INC 0.3%

Value ($000) $625 Shares 60,000 Est. Cost $10.03 Unrealized -9.8%

UWMC UWM HOLDINGS CORPORATION 0.2%

Value ($000) $548 Shares 125,000 Est. Cost $5.38 Unrealized -5.6%

HLIO HELIOS TECHNOLOGIES INC 0.2%

Value ($000) $535 Shares 10,010 Est. Cost $46.69 Unrealized +44.0%

PCOR PROCORE TECHNOLOGIES INC 0.2%

Value ($000) $487 Shares 6,700 Est. Cost $69.82 Unrealized -13.7%

BIRK BIRKENSTOCK HOLDING PLC 0.2%

Value ($000) $409 Shares 10,000 Est. Cost $42.35 Unrealized -5.7%

SOC SABLE OFFSHORE CORP 0.1%

Value ($000) $243 Shares 26,968 Est. Cost $9.44 Unrealized +1.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CPRI	CAPRI HOLDINGS LIMITED	163,376	$3,986	1.8%	$25.35	-9.9%	—	G1890L107
MNDY	MONDAY COM LTD	20,000	$2,951	1.3%	$230.24	-52.5%	—	M7S64H106
NTRA	NATERA INC	11,018	$2,524	1.1%	$47.99	+370.6%	—	632307104
CWAN	CLEARWATER ANALYTICS HLDGS I	87,883	$2,120	1.0%	$21.23	+12.2%	—	185123106
TTD	THE TRADE DESK INC	50,000	$1,898	0.9%	$85.79	-63.6%	—	88339J105
SHOO	MADDEN STEVEN LTD	42,224	$1,758	0.8%	$38.43	+8.6%	—	556269108
OWLT	OWLET INC	105,000	$1,700	0.8%	$11.34	+13.4%	—	69120X206
ASAN	ASANA INC	120,000	$1,645	0.7%	$18.17	-44.9%	—	04342Y104
NOW	SERVICENOW INC	10,000	$1,532	0.7%	$171.54	-29.4%	—	81762P102
WGS	GENEDX HOLDINGS CORP	11,684	$1,520	0.7%	$137.25	-26.3%	—	81663L200
AR	ANTERO RESOURCES CORP	41,000	$1,413	0.6%	$33.87	-0.2%	—	03674X106
PEN	PENUMBRA INC	4,100	$1,275	0.6%	$276.19	+22.9%	—	70975L107
VFC	V F CORP	65,721	$1,188	0.5%	$18.62	+7.0%	—	918204108
AGX	ARGAN INC	3,540	$1,109	0.5%	$228.35	+62.3%	—	04010E109
CVLT	COMMVAULT SYS INC	8,000	$1,003	0.5%	$140.69	-26.9%	—	204166102
FIG	FIGMA INC	23,000	$860	0.4%	$45.19	-37.1%	—	316841105
ANF	ABERCROMBIE & FITCH CO	5,200	$655	0.3%	$87.43	+17.0%	—	002896207
RXST	RXSIGHT INC	60,000	$625	0.3%	$10.03	-9.8%	—	78349D107
UWMC	UWM HOLDINGS CORPORATION	125,000	$548	0.2%	$5.38	-5.6%	—	91823B109
HLIO	HELIOS TECHNOLOGIES INC	10,010	$535	0.2%	$46.69	+44.0%	—	42328H109
PCOR	PROCORE TECHNOLOGIES INC	6,700	$487	0.2%	$69.82	-13.7%	—	74275K108
BIRK	BIRKENSTOCK HOLDING PLC	10,000	$409	0.2%	$42.35	-5.7%	—	M2029K104
SOC	SABLE OFFSHORE CORP	26,968	$243	0.1%	$9.44	+1.8%	—	78574H104

Decreased Positions (38)

LIND LINDBLAD EXPEDITIONS HLDGS I 0.4%

Value ($000) $962 (-83.5%) Shares 55,591 (-86.2%) Est. Cost $8.26 Unrealized +114.8%

TEAM ATLASSIAN CORPORATION 0.6%

Value ($000) $1,229 (-75.6%) Shares 18,000 (-41.9%) Est. Cost $234.80 Unrealized -51.8%

PACK RANPAK HOLDINGS CORP 1.1%

Value ($000) $2,479 (-53.7%) Shares 694,527 (-29.8%) Est. Cost $4.88 Unrealized +14.0%

BILL BILL HOLDINGS INC 1.3%

Value ($000) $2,873 (-44.6%) Shares 75,000 (-21.1%) Est. Cost $65.64 Unrealized -28.4%

MU MICRON TECHNOLOGY INC 3.2%

Value ($000) $7,095 (-22.3%) Shares 21,000 (-34.4%) Est. Cost $85.16 Unrealized +354.5%

TBCH TURTLE BEACH CORP 0.3%

Value ($000) $558 (-77.9%) Shares 55,075 (-69.4%) Est. Cost $15.67 Unrealized -19.5%

ARCB ARCBEST CORP 0.8%

Value ($000) $1,853 (-50.9%) Shares 18,838 (-62.9%) Est. Cost $89.47 Unrealized +6.3%

JHX JAMES HARDIE INDS PLC 2.0%

Value ($000) $4,486 (-29.5%) Shares 236,840 (-22.8%) Est. Cost $23.95 Unrealized -0.8%

GLXY GALAXY DIGITAL INC. 0.2%

Value ($000) $346 (-83.7%) Shares 18,772 (-80.2%) Est. Cost $26.97 Unrealized -5.8%

LAUR LAUREATE ED INC 0.8%

Value ($000) $1,853 (-46.7%) Shares 53,177 (-48.5%) Est. Cost $26.20 Unrealized +32.1%

GDYN GRID DYNAMICS HLDGS INC 0.7%

Value ($000) $1,442 (-51.4%) Shares 252,941 (-23.0%) Est. Cost $8.66 Unrealized -7.5%

GPN GLOBAL PMTS INC 0.4%

Value ($000) $859 (-63.9%) Shares 12,759 (-58.5%) Est. Cost $94.21 Unrealized -20.5%

AEYE AUDIOEYE INC 0.6%

Value ($000) $1,274 (-52.8%) Shares 200,000 (-25.9%) Est. Cost $17.25 Unrealized -50.7%

BBW BUILD-A-BEAR WORKSHOP INC 0.6%

Value ($000) $1,316 (-51.1%) Shares 35,142 (-20.0%) Est. Cost $31.19 Unrealized +89.8%

ORLA ORLA MNG LTD NEW 0.5%

Value ($000) $1,194 (-51.3%) Shares 74,000 (-59.3%) Est. Cost $12.14 Unrealized +36.1%

FSLR FIRST SOLAR INC 0.5%

Value ($000) $1,202 (-50.0%) Shares 6,094 (-33.8%) Est. Cost $252.20 Unrealized -6.0%

VCTR VICTORY CAP HLDGS INC DEL 0.4%

Value ($000) $879 (-55.4%) Shares 13,426 (-57.1%) Est. Cost $65.17 Unrealized +8.6%

VUZI VUZIX CORP 0.2%

Value ($000) $347 (-72.2%) Shares 150,000 (-54.5%) Est. Cost $3.14 Unrealized -7.0%

RH RH 0.8%

Value ($000) $1,818 (-32.4%) Shares 13,000 (-13.3%) Est. Cost $296.01 Unrealized -29.7%

XPEL XPEL INC 0.2%

Value ($000) $389 (-68.3%) Shares 8,800 (-64.2%) Est. Cost $41.80 Unrealized +25.4%

HQY HEALTHEQUITY INC 1.3%

Value ($000) $2,888 (-20.0%) Shares 34,552 (-12.3%) Est. Cost $100.25 Unrealized -17.1%

EHC ENCOMPASS HEALTH CORP 0.5%

Value ($000) $1,006 (-38.6%) Shares 10,403 (-32.6%) Est. Cost $118.66 Unrealized -13.3%

EXFY EXPENSIFY INC 0.3%

Value ($000) $774 (-43.0%) Shares 890,000 (-1.1%) Est. Cost $4.14 Unrealized -66.7%

UA UNDER ARMOUR INC 1.0%

Value ($000) $2,316 (-19.6%) Shares 400,000 (-33.3%) Est. Cost $9.51 Unrealized -33.0%

VITL VITAL FARMS INC 0.2%

Value ($000) $395 (-58.7%) Shares 28,000 (-6.7%) Est. Cost $35.19 Unrealized -20.9%

CDNA CAREDX INC 0.6%

Value ($000) $1,362 (-28.2%) Shares 78,478 (-22.0%) Est. Cost $21.80 Unrealized -9.7%

CECO CECO ENVIRONMENTAL CORP 1.7%

Value ($000) $3,714 (-12.2%) Shares 62,344 (-11.8%) Est. Cost $14.58 Unrealized +371.7%

RBA RB GLOBAL INC 1.2%

Value ($000) $2,656 (-14.7%) Shares 27,708 (-8.4%) Est. Cost $89.47 Unrealized +22.9%

UTHR UNITED THERAPEUTICS CORP DEL 1.4%

Value ($000) $3,176 (+16.1%) Shares 5,356 (-4.6%) Est. Cost $342.70 Unrealized +40.2%

BTSG BRIGHTSPRING HEALTH SVCS INC 1.3%

Value ($000) $2,969 (-11.8%) Shares 69,678 (-22.5%) Est. Cost $23.24 Unrealized +69.6%

IE IVANHOE ELECTRIC INC 0.1%

Value ($000) $220 (-63.0%) Shares 18,598 (-50.0%) Est. Cost $6.73 Unrealized +157.9%

FIGS FIGS INC 0.3%

Value ($000) $724 (-32.6%) Shares 49,000 (-48.1%) Est. Cost $9.37 Unrealized +19.7%

OKTA OKTA INC 0.3%

Value ($000) $630 (-33.8%) Shares 8,000 (-27.3%) Est. Cost $93.37 Unrealized -7.7%

KRUS KURA SUSHI USA INC 0.2%

Value ($000) $543 (-33.4%) Shares 7,780 (-50.1%) Est. Cost $87.58 Unrealized -20.3%

WCC WESCO INTL INC 0.4%

Value ($000) $903 (-23.1%) Shares 3,300 (-31.3%) Est. Cost $244.94 Unrealized +17.7%

ORN ORION GROUP HLDGS INC 1.5%

Value ($000) $3,245 (+8.3%) Shares 297,696 (-1.2%) Est. Cost $7.66 Unrealized +61.3%

DXCM DEXCOM INC 0.4%

Value ($000) $870 (-6.7%) Shares 13,856 (-1.4%) Est. Cost $89.60 Unrealized -20.8%

USAR USA RARE EARTH INC 0.1%

Value ($000) $227 (-4.6%) Shares 15,000 (-25.0%) Est. Cost $14.29 Unrealized +41.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LIND	LINDBLAD EXPEDITIONS HLDGS I	55,591 (-86.2%)	$962 (-83.5%)	0.4%	$8.26	+114.8%	COM	535219109
TEAM	ATLASSIAN CORPORATION	18,000 (-41.9%)	$1,229 (-75.6%)	0.6%	$234.80	-51.8%	CL A	049468101
PACK	RANPAK HOLDINGS CORP	694,527 (-29.8%)	$2,479 (-53.7%)	1.1%	$4.88	+14.0%	COM CL A	75321W103
BILL	BILL HOLDINGS INC	75,000 (-21.1%)	$2,873 (-44.6%)	1.3%	$65.64	-28.4%	COM	090043100
MU	MICRON TECHNOLOGY INC	21,000 (-34.4%)	$7,095 (-22.3%)	3.2%	$85.16	+354.5%	COM	595112103
TBCH	TURTLE BEACH CORP	55,075 (-69.4%)	$558 (-77.9%)	0.3%	$15.67	-19.5%	COM NEW	900450206
ARCB	ARCBEST CORP	18,838 (-62.9%)	$1,853 (-50.9%)	0.8%	$89.47	+6.3%	COM	03937C105
JHX	JAMES HARDIE INDS PLC	236,840 (-22.8%)	$4,486 (-29.5%)	2.0%	$23.95	-0.8%	ORD SHS	G4253H101
GLXY	GALAXY DIGITAL INC.	18,772 (-80.2%)	$346 (-83.7%)	0.2%	$26.97	-5.8%	CL A	36317J209
LAUR	LAUREATE ED INC	53,177 (-48.5%)	$1,853 (-46.7%)	0.8%	$26.20	+32.1%	COMMON STOCK	518613203
GDYN	GRID DYNAMICS HLDGS INC	252,941 (-23.0%)	$1,442 (-51.4%)	0.7%	$8.66	-7.5%	CL A	39813G109
GPN	GLOBAL PMTS INC	12,759 (-58.5%)	$859 (-63.9%)	0.4%	$94.21	-20.5%	COM	37940X102
AEYE	AUDIOEYE INC	200,000 (-25.9%)	$1,274 (-52.8%)	0.6%	$17.25	-50.7%	COM NEW	050734201
BBW	BUILD-A-BEAR WORKSHOP INC	35,142 (-20.0%)	$1,316 (-51.1%)	0.6%	$31.19	+89.8%	COM	120076104
ORLA	ORLA MNG LTD NEW	74,000 (-59.3%)	$1,194 (-51.3%)	0.5%	$12.14	+36.1%	COM	68634K106
FSLR	FIRST SOLAR INC	6,094 (-33.8%)	$1,202 (-50.0%)	0.5%	$252.20	-6.0%	COM	336433107
VCTR	VICTORY CAP HLDGS INC DEL	13,426 (-57.1%)	$879 (-55.4%)	0.4%	$65.17	+8.6%	COM CL A	92645B103
VUZI	VUZIX CORP	150,000 (-54.5%)	$347 (-72.2%)	0.2%	$3.14	-7.0%	COM NEW	92921W300
RH	RH	13,000 (-13.3%)	$1,818 (-32.4%)	0.8%	$296.01	-29.7%	COM	74967X103
XPEL	XPEL INC	8,800 (-64.2%)	$389 (-68.3%)	0.2%	$41.80	+25.4%	COM	98379L100
HQY	HEALTHEQUITY INC	34,552 (-12.3%)	$2,888 (-20.0%)	1.3%	$100.25	-17.1%	COM	42226A107
EHC	ENCOMPASS HEALTH CORP	10,403 (-32.6%)	$1,006 (-38.6%)	0.5%	$118.66	-13.3%	COM	29261A100
EXFY	EXPENSIFY INC	890,000 (-1.1%)	$774 (-43.0%)	0.3%	$4.14	-66.7%	COM CL A	30219Q106
UA	UNDER ARMOUR INC	400,000 (-33.3%)	$2,316 (-19.6%)	1.0%	$9.51	-33.0%	CL C	904311206
VITL	VITAL FARMS INC	28,000 (-6.7%)	$395 (-58.7%)	0.2%	$35.19	-20.9%	COM	92847W103
CDNA	CAREDX INC	78,478 (-22.0%)	$1,362 (-28.2%)	0.6%	$21.80	-9.7%	COM	14167L103
CECO	CECO ENVIRONMENTAL CORP	62,344 (-11.8%)	$3,714 (-12.2%)	1.7%	$14.58	+371.7%	COM	125141101
RBA	RB GLOBAL INC	27,708 (-8.4%)	$2,656 (-14.7%)	1.2%	$89.47	+22.9%	COM	74935Q107
UTHR	UNITED THERAPEUTICS CORP DEL	5,356 (-4.6%)	$3,176 (+16.1%)	1.4%	$342.70	+40.2%	COM	91307C102
BTSG	BRIGHTSPRING HEALTH SVCS INC	69,678 (-22.5%)	$2,969 (-11.8%)	1.3%	$23.24	+69.6%	COM	10950A106
IE	IVANHOE ELECTRIC INC	18,598 (-50.0%)	$220 (-63.0%)	0.1%	$6.73	+157.9%	COM	46578C108
FIGS	FIGS INC	49,000 (-48.1%)	$724 (-32.6%)	0.3%	$9.37	+19.7%	CL A	30260D103
OKTA	OKTA INC	8,000 (-27.3%)	$630 (-33.8%)	0.3%	$93.37	-7.7%	CL A	679295105
KRUS	KURA SUSHI USA INC	7,780 (-50.1%)	$543 (-33.4%)	0.2%	$87.58	-20.3%	CL A COM	501270102
WCC	WESCO INTL INC	3,300 (-31.3%)	$903 (-23.1%)	0.4%	$244.94	+17.7%	COM	95082P105
ORN	ORION GROUP HLDGS INC	297,696 (-1.2%)	$3,245 (+8.3%)	1.5%	$7.66	+61.3%	COM	68628V308
DXCM	DEXCOM INC	13,856 (-1.4%)	$870 (-6.7%)	0.4%	$89.60	-20.8%	COM	252131107
USAR	USA RARE EARTH INC	15,000 (-25.0%)	$227 (-4.6%)	0.1%	$14.29	+41.1%	COM	91733P107

Unchanged Positions (45)

GENI GENIUS SPORTS LIMITED 0.6%

Value ($000) $1,224 Shares 276,355 Est. Cost $8.35 Unrealized -0.4%

XPO XPO INC 2.0%

Value ($000) $4,475 Shares 23,000 Est. Cost $10.48 Unrealized +1525.7%

CSGP COSTAR GROUP INC 0.6%

Value ($000) $1,372 Shares 34,000 Est. Cost $79.79 Unrealized -28.7%

RYAAY RYANAIR HOLDINGS PLC 1.6%

Value ($000) $3,606 Shares 62,388 Est. Cost $61.69 Unrealized —

PODD INSULET CORP 1.1%

Value ($000) $2,524 Shares 12,029 Est. Cost $170.10 Unrealized +55.4%

PD PAGERDUTY INC 0.3%

Value ($000) $621 Shares 100,000 Est. Cost $15.70 Unrealized -38.7%

SSNC SS&C TECH HLDGS 1.1%

Value ($000) $2,346 Shares 34,725 Est. Cost $32.92 Unrealized +143.0%

NXT NEXTPOWER INC 1.0%

Value ($000) $2,243 Shares 18,603 Est. Cost $64.43 Unrealized +68.9%

ALHC ALIGNMENT HEALTHCARE INC 1.9%

Value ($000) $4,215 Shares 239,208 Est. Cost $15.13 Unrealized +41.7%

FN FABRINET 1.5%

Value ($000) $3,338 Shares 6,400 Est. Cost $40.68 Unrealized +1111.1%

CWST CASELLA WASTE SYS INC 0.6%

Value ($000) $1,353 Shares 17,053 Est. Cost $80.37 Unrealized +26.5%

CVSA COVISTA INC 1.3%

Value ($000) $2,916 Shares 25,304 Est. Cost $83.62 Unrealized +28.5%

TPC TUTOR PERINI CORP 1.0%

Value ($000) $2,236 Shares 28,962 Est. Cost $28.49 Unrealized +176.8%

FCFS FIRSTCASH HOLDINGS INC 0.8%

Value ($000) $1,880 Shares 10,000 Est. Cost $66.94 Unrealized +159.1%

VCYT VERACYTE INC 0.4%

Value ($000) $870 Shares 27,000 Est. Cost $11.90 Unrealized +230.4%

KEX KIRBY CORP 0.7%

Value ($000) $1,561 Shares 11,745 Est. Cost $62.76 Unrealized +98.5%

RDNT RADNET INC 0.4%

Value ($000) $960 Shares 17,176 Est. Cost $31.18 Unrealized +129.4%

PANW PALO ALTO NETWORKS INC 0.8%

Value ($000) $1,755 Shares 10,946 Est. Cost $122.96 Unrealized +40.0%

UBER UBER TECHNOLOGIES INC 0.9%

Value ($000) $1,906 Shares 26,500 Est. Cost $27.22 Unrealized +189.2%

SAH SONIC AUTOMOTIVE INC 1.1%

Value ($000) $2,455 Shares 35,800 Est. Cost $20.64 Unrealized +201.8%

TIC TIC SOLUTIONS INC 0.2%

Value ($000) $447 Shares 67,985 Est. Cost $11.40 Unrealized -10.1%

TNDM TANDEM DIABETES CARE INC 0.6%

Value ($000) $1,358 Shares 70,828 Est. Cost $38.24 Unrealized -44.9%

RNG RINGCENTRAL INC 0.4%

Value ($000) $855 Shares 23,000 Est. Cost $129.71 Unrealized -77.9%

TWLO TWILIO INC 0.6%

Value ($000) $1,345 Shares 10,688 Est. Cost $140.83 Unrealized -13.5%

HLLY HOLLEY INC 0.2%

Value ($000) $425 Shares 138,520 Est. Cost $2.98 Unrealized +38.9%

TTEK TETRA TECH INC NEW 0.5%

Value ($000) $1,176 Shares 39,050 Est. Cost $36.47 Unrealized +1.2%

EEFT EURONET WORLDWIDE INC 0.4%

Value ($000) $863 Shares 13,000 Est. Cost $76.51 Unrealized -5.2%

TATT TAT TECHNOLOGIES LTD 0.6%

Value ($000) $1,251 Shares 30,801 Est. Cost $28.77 Unrealized +79.0%

JBHT HUNT J B TRANS SVCS INC 0.7%

Value ($000) $1,483 Shares 7,000 Est. Cost $99.98 Unrealized +114.0%

CPA COPA HOLDINGS SA 0.8%

Value ($000) $1,761 Shares 15,500 Est. Cost $38.79 Unrealized +258.0%

VCEL VERICEL CORP 0.4%

Value ($000) $831 Shares 25,824 Est. Cost $43.96 Unrealized -15.5%

LBTYK LIBERTY GLOBAL LTD 0.8%

Value ($000) $1,674 Shares 142,702 Est. Cost $9.07 Unrealized +23.0%

RXO RXO INC 0.3%

Value ($000) $658 Shares 45,000 Est. Cost $17.74 Unrealized -15.0%

SVV SAVERS VALUE VLG INC 0.2%

Value ($000) $337 Shares 45,257 Est. Cost $11.01 Unrealized -5.2%

BLDR BUILDERS FIRSTSOURCE INC 0.1%

Value ($000) $329 Shares 4,000 Est. Cost $14.71 Unrealized +699.1%

CMPR CIMPRESS PLC 0.4%

Value ($000) $825 Shares 11,300 Est. Cost $129.96 Unrealized -42.1%

DLB DOLBY LABORATORIES INC 0.4%

Value ($000) $955 Shares 15,900 Est. Cost $58.38 Unrealized +9.2%

HOMB HOME BANCSHARES INC 0.6%

Value ($000) $1,398 Shares 51,912 Est. Cost $21.14 Unrealized +37.1%

META META PLATFORMS INC 0.1%

Value ($000) $286 Shares 500 Est. Cost $167.16 Unrealized +292.2%

LKQ LKQ CORP 0.6%

Value ($000) $1,242 Shares 42,300 Est. Cost $28.63 Unrealized +16.2%

WEX WEX INC 0.6%

Value ($000) $1,255 Shares 8,200 Est. Cost $105.12 Unrealized +48.4%

AX AXOS FINANCIAL INC 1.2%

Value ($000) $2,606 Shares 30,624 Est. Cost $26.17 Unrealized +261.5%

HCA HCA HEALTHCARE INC 1.1%

Value ($000) $2,366 Shares 5,000 Est. Cost $64.84 Unrealized +668.0%

GXO GXO LOGISTICS INCORPORATED 0.8%

Value ($000) $1,763 Shares 34,000 Est. Cost $75.70 Unrealized -21.9%

IMXI INTERNATIONAL MONEY EXPRESS 0.2%

Value ($000) $349 Shares 22,058 Est. Cost $15.18 Unrealized +2.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GENI	GENIUS SPORTS LIMITED	276,355	$1,224	0.6%	$8.35	-0.4%	SHARES CL A	G3934V109
XPO	XPO INC	23,000	$4,475	2.0%	$10.48	+1525.7%	COM	983793100
CSGP	COSTAR GROUP INC	34,000	$1,372	0.6%	$79.79	-28.7%	COM	22160N109
RYAAY	RYANAIR HOLDINGS PLC	62,388	$3,606	1.6%	$61.69	—	SPONSORED ADS	783513203
PODD	INSULET CORP	12,029	$2,524	1.1%	$170.10	+55.4%	COM	45784P101
PD	PAGERDUTY INC	100,000	$621	0.3%	$15.70	-38.7%	COM	69553P100
SSNC	SS&C TECH HLDGS	34,725	$2,346	1.1%	$32.92	+143.0%	COM	78467J100
NXT	NEXTPOWER INC	18,603	$2,243	1.0%	$64.43	+68.9%	CLASS A COM	65290E101
ALHC	ALIGNMENT HEALTHCARE INC	239,208	$4,215	1.9%	$15.13	+41.7%	COM	01625V104
FN	FABRINET	6,400	$3,338	1.5%	$40.68	+1111.1%	SHS	G3323L100
CWST	CASELLA WASTE SYS INC	17,053	$1,353	0.6%	$80.37	+26.5%	CL A	147448104
CVSA	COVISTA INC	25,304	$2,916	1.3%	$83.62	+28.5%	COM	00737L103
TPC	TUTOR PERINI CORP	28,962	$2,236	1.0%	$28.49	+176.8%	COM	901109108
FCFS	FIRSTCASH HOLDINGS INC	10,000	$1,880	0.8%	$66.94	+159.1%	COM	33768G107
VCYT	VERACYTE INC	27,000	$870	0.4%	$11.90	+230.4%	COM	92337F107
KEX	KIRBY CORP	11,745	$1,561	0.7%	$62.76	+98.5%	COM	497266106
RDNT	RADNET INC	17,176	$960	0.4%	$31.18	+129.4%	COM	750491102
PANW	PALO ALTO NETWORKS INC	10,946	$1,755	0.8%	$122.96	+40.0%	COM	697435105
UBER	UBER TECHNOLOGIES INC	26,500	$1,906	0.9%	$27.22	+189.2%	COM	90353T100
SAH	SONIC AUTOMOTIVE INC	35,800	$2,455	1.1%	$20.64	+201.8%	CL A	83545G102
TIC	TIC SOLUTIONS INC	67,985	$447	0.2%	$11.40	-10.1%	COM	00510N102
TNDM	TANDEM DIABETES CARE INC	70,828	$1,358	0.6%	$38.24	-44.9%	COM NEW	875372203
RNG	RINGCENTRAL INC	23,000	$855	0.4%	$129.71	-77.9%	CL A	76680R206
TWLO	TWILIO INC	10,688	$1,345	0.6%	$140.83	-13.5%	CL A	90138F102
HLLY	HOLLEY INC	138,520	$425	0.2%	$2.98	+38.9%	COM	43538H103
TTEK	TETRA TECH INC NEW	39,050	$1,176	0.5%	$36.47	+1.2%	COM	88162G103
EEFT	EURONET WORLDWIDE INC	13,000	$863	0.4%	$76.51	-5.2%	COM	298736109
TATT	TAT TECHNOLOGIES LTD	30,801	$1,251	0.6%	$28.77	+79.0%	ORD NEW	M8740S227
JBHT	HUNT J B TRANS SVCS INC	7,000	$1,483	0.7%	$99.98	+114.0%	COM	445658107
CPA	COPA HOLDINGS SA	15,500	$1,761	0.8%	$38.79	+258.0%	CL A	P31076105
VCEL	VERICEL CORP	25,824	$831	0.4%	$43.96	-15.5%	COM	92346J108
LBTYK	LIBERTY GLOBAL LTD	142,702	$1,674	0.8%	$9.07	+23.0%	COM CL C	G61188127
RXO	RXO INC	45,000	$658	0.3%	$17.74	-15.0%	COMMON STOCK	74982T103
SVV	SAVERS VALUE VLG INC	45,257	$337	0.2%	$11.01	-5.2%	COM	80517M109
BLDR	BUILDERS FIRSTSOURCE INC	4,000	$329	0.1%	$14.71	+699.1%	COM	12008R107
CMPR	CIMPRESS PLC	11,300	$825	0.4%	$129.96	-42.1%	SHS EURO	G2143T103
DLB	DOLBY LABORATORIES INC	15,900	$955	0.4%	$58.38	+9.2%	COM CL A	25659T107
HOMB	HOME BANCSHARES INC	51,912	$1,398	0.6%	$21.14	+37.1%	COM	436893200
META	META PLATFORMS INC	500	$286	0.1%	$167.16	+292.2%	CL A	30303M102
LKQ	LKQ CORP	42,300	$1,242	0.6%	$28.63	+16.2%	COM	501889208
WEX	WEX INC	8,200	$1,255	0.6%	$105.12	+48.4%	COM	96208T104
AX	AXOS FINANCIAL INC	30,624	$2,606	1.2%	$26.17	+261.5%	COM	05465C100
HCA	HCA HEALTHCARE INC	5,000	$2,366	1.1%	$64.84	+668.0%	COM	40412C101
GXO	GXO LOGISTICS INCORPORATED	34,000	$1,763	0.8%	$75.70	-21.9%	COMMON STOCK	36262G101
IMXI	INTERNATIONAL MONEY EXPRESS	22,058	$349	0.2%	$15.18	+2.2%	COM	46005L101