Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PNFP	PINNACLE FINL PARTNERS INC	60,134	$5.18M	1.6%	$97.40	0.0%	COM	72348N109
WFC	WELLS FARGO & CO	45,528	$3.624M	1.1%	$90.04	0.0%	COM	949746101
WBS	WEBSTER FINL CORP	39,000	$2.707M	0.9%	$68.20	0.0%	COM	947890109
EXE	EXPAND ENERGY CORPORATION	23,734	$2.606M	0.8%	$105.80	0.0%	COM	165167735
SLB	SLB LIMITED	42,822	$2.201M	0.7%	$48.30	0.0%	COM STK	806857108
TFC	TRUIST FINL CORP	44,600	$2.05M	0.6%	$51.15	0.0%	COM	89832Q109
ICE	INTERCONTINENTAL EXCHANGE IN	12,900	$2.029M	0.6%	$164.98	0.0%	COM	45866F104
COLB	COLUMBIA BKG SYS INC	66,509	$1.824M	0.6%	$29.96	0.0%	COM	197236102
PG	PROCTER & GAMBLE CO	12,400	$1.791M	0.6%	$151.77	0.0%	COM	742718109
HAL	HALLIBURTON CO	44,229	$1.724M	0.5%	$33.54	0.0%	COM	406216101
NDAQ	NASDAQ INC	19,700	$1.672M	0.5%	$91.74	0.0%	COM	631103108
WHD	CACTUS INC	34,018	$1.611M	0.5%	$55.06	0.0%	CL A	127203107
CBRE	CBRE GROUP INC	11,882	$1.61M	0.5%	$161.40	0.0%	CL A	12504L109
MS	MORGAN STANLEY	8,682	$1.429M	0.4%	$179.67	0.0%	COM NEW	617446448
TPH	TRI POINTE HOMES INC	26,000	$1.215M	0.4%	$37.17	0.0%	COM	87265H109
APLS	APELLIS PHARMACEUTICALS INC	30,000	$1.207M	0.4%	$22.69	0.0%	COM	03753U106
JHG	JANUS HENDERSON GROUP PLC	23,000	$1.182M	0.4%	$48.49	0.0%	ORD SHS	G4474Y214
DKS	DICKS SPORTING GOODS INC	5,333	$1.057M	0.3%	$207.91	0.0%	COM	253393102
PEN	PENUMBRA INC	2,600	$854K	0.3%	$339.56	0.0%	COM	70975L107
SLAB	SILICON LABORATORIES INC	3,700	$770K	0.2%	$170.34	0.0%	COM	826919102
BRBR	BELLRING BRANDS INC	41,000	$660K	0.2%	$22.20	0.0%	COMMON STOCK	07831C103
TERN	TERNS PHARMACEUTICALS INC	12,000	$633K	0.2%	$37.46	0.0%	COM	880881107
AAUC	ALLIED GOLD CORP	20,000	$619K	0.2%	$29.54	0.0%	COM NEW	01921D204
FOLD	AMICUS THERAPEUTIC	42,000	$607K	0.2%	$14.31	0.0%	COM	03152W109
KBR	KBR INC	15,800	$582K	0.2%	$42.75	0.0%	COM	48242W106
TIC	TIC SOLUTIONS INC	87,000	$572K	0.2%	$10.25	0.0%	COM	00510N102
RKT	ROCKET COS INC	37,500	$534K	0.2%	$20.15	0.0%	COM CL A	77311W101
WLFC	WILLIS LEASE FIN CORP	3,100	$528K	0.2%	$182.60	0.0%	COM	970646105
PZZA	PAPA JOHNS INTL INC	15,000	$486K	0.2%	—	—	CALL	698813102
AJG	GALLAGHER ARTHUR J & CO	1,600	$347K	0.1%	$240.41	0.0%	COM	363576109
MRSH	MARSH & MCLENNAN COS INC	1,900	$330K	0.1%	$181.36	0.0%	COM	571748102
WTW	WILLIS TOWERS WATSON PLC LTD	1,100	$320K	0.1%	$314.93	0.0%	SHS	G96629103
LWAY	LIFEWAY FOODS INC	10,000	$193K	0.1%	$22.08	0.0%	COM	531914109

Increased Positions (33)

HBAN HUNTINGTON BANCSHARES INC 1.4%

Value $4.452M (+128.5%) Shares 284,482 (+153.3%) Est. Cost $17.33 Unrealized +3.2%

HD HOME DEPOT INC 1.0%

Value $3.117M (+293.8%) Shares 9,477 (+312.0%) Est. Cost $373.98 Unrealized +0.8%

CFR CULLEN FROST BANKERS INC 1.2%

Value $3.95M (+138.1%) Shares 28,818 (+120.0%) Est. Cost $134.44 Unrealized +4.2%

PSX PHILLIPS 66 0.7%

Value $2.142M (+403.0%) Shares 11,757 (+256.3%) Est. Cost $136.55 Unrealized +7.7%

BAC BANK AMERICA CORP 0.7%

Value $2.348M (+188.4%) Shares 48,160 (+225.4%) Est. Cost $52.03 Unrealized +3.1%

UPS UNITED PARCEL SVCS INC 0.6%

Value $2.037M (+287.5%) Shares 20,706 (+290.7%) Est. Cost $104.30 Unrealized +5.3%

WBD WARNER BROS DISCOVERY INC 0.8%

Value $2.636M (+128.7%) Shares 96,000 (+140.0%) Est. Cost $26.21 Unrealized +7.7%

AZO AUTOZONE INC 0.6%

Value $2.027M (+198.8%) Shares 600 (+200.0%) Est. Cost $3676.02 Unrealized -1.4%

MTDR MATADOR RES CO 0.7%

Value $2.133M (+157.7%) Shares 33,757 (+73.1%) Est. Cost $43.43 Unrealized +4.5%

OVV OVINTIV INC 0.6%

Value $2.036M (+142.8%) Shares 34,306 (+60.3%) Est. Cost $40.61 Unrealized +7.5%

CVX CHEVRON CORPORATION 0.8%

Value $2.63M (+81.7%) Shares 12,713 (+33.8%) Est. Cost $156.88 Unrealized +9.6%

STT STATE STR CORP 0.6%

Value $1.951M (+152.0%) Shares 15,413 (+156.9%) Est. Cost $118.36 Unrealized +10.1%

ACI ALBERTSONS COS INC 0.6%

Value $2.031M (+136.6%) Shares 119,200 (+138.4%) Est. Cost $18.05 Unrealized -3.7%

FND FLOOR & DECOR HLDGS INC 0.6%

Value $1.853M (+149.5%) Shares 36,478 (+199.0%) Est. Cost $68.23 Unrealized +2.5%

CLX CLOROX CO DEL 0.6%

Value $1.871M (+129.0%) Shares 18,050 (+122.8%) Est. Cost $111.65 Unrealized +2.5%

SFNC SIMMONS FIRST NATL CORP 0.5%

Value $1.529M (+200.5%) Shares 78,624 (+191.2%) Est. Cost $19.74 Unrealized +3.2%

TSLA TESLA INC 0.6%

Value $1.859M (+106.7%) Shares 5,000 (+150.0%) Est. Cost — Unrealized —

SEE SEALED AIR CORP NEW 1.0%

Value $3.196M (+42.8%) Shares 76,000 (+40.7%) Est. Cost $39.50 Unrealized +5.8%

MDLZ MONDELEZ INTL INC 0.5%

Value $1.591M (+138.3%) Shares 27,600 (+122.6%) Est. Cost $60.24 Unrealized -3.5%

ONB OLD NATL BANCORP IND 0.5%

Value $1.734M (+104.5%) Shares 78,443 (+106.4%) Est. Cost $22.66 Unrealized +6.6%

NSC NORFOLK SOUTHN CORP 0.8%

Value $2.497M (+51.7%) Shares 8,700 (+52.6%) Est. Cost $291.92 Unrealized +2.1%

SSB SOUTHSTATE BK CORP 0.5%

Value $1.674M (+83.4%) Shares 18,098 (+86.6%) Est. Cost $98.22 Unrealized +2.7%

COST COSTCO WHOLESALE CORPORATION 0.4%

Value $1.4M (+102.9%) Shares 1,405 (+75.6%) Est. Cost $930.72 Unrealized +3.6%

SOFI SOFI TECHNOLOGIES INC 0.9%

Value $3.017M (+28.1%) Shares 190,000 (+111.1%) Est. Cost — Unrealized —

FHN FIRST HORIZON CORPORATION 0.4%

Value $1.313M (+88.8%) Shares 57,702 (+98.3%) Est. Cost $23.44 Unrealized +5.4%

GDEN GOLDEN ENTMT INC 0.4%

Value $1.335M (+63.6%) Shares 50,000 (+66.7%) Est. Cost $26.54 Unrealized +4.8%

OII OCEANEERING INTL INC 0.4%

Value $1.163M (+51.3%) Shares 32,800 (+2.5%) Est. Cost $20.47 Unrealized +49.5%

BHF BRIGHTHOUSE FINL INC 0.4%

Value $1.317M (+31.2%) Shares 22,000 (+41.9%) Est. Cost $53.49 Unrealized +19.4%

LEG LEGGETT & PLATT INC 0.2%

Value $524K (+138.0%) Shares 53,000 (+165.0%) Est. Cost $11.22 Unrealized +7.4%

EA ELECTRONIC ARTS INC 0.9%

Value $2.752M (+12.2%) Shares 13,500 (+12.5%) Est. Cost $178.84 Unrealized +13.2%

JPM JPMORGAN CHASE & CO 0.6%

Value $1.916M (+16.6%) Shares 6,515 (+27.7%) Est. Cost $301.38 Unrealized +3.3%

CYTK CYTOKINETICS INC 0.2%

Value $593K (+66.7%) Shares 9,000 (+60.7%) Est. Cost $50.87 Unrealized +26.7%

AON AON PLC 0.1%

Value $355K (+67.7%) Shares 1,100 (+83.3%) Est. Cost $349.93 Unrealized -4.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HBAN	HUNTINGTON BANCSHARES INC	284,482 (+153.3%)	$4.452M (+128.5%)	1.4%	$17.33	+3.2%	COM	446150104
HD	HOME DEPOT INC	9,477 (+312.0%)	$3.117M (+293.8%)	1.0%	$373.98	+0.8%	COM	437076102
CFR	CULLEN FROST BANKERS INC	28,818 (+120.0%)	$3.95M (+138.1%)	1.2%	$134.44	+4.2%	COM	229899109
PSX	PHILLIPS 66	11,757 (+256.3%)	$2.142M (+403.0%)	0.7%	$136.55	+7.7%	COM	718546104
BAC	BANK AMERICA CORP	48,160 (+225.4%)	$2.348M (+188.4%)	0.7%	$52.03	+3.1%	COM	060505104
UPS	UNITED PARCEL SVCS INC	20,706 (+290.7%)	$2.037M (+287.5%)	0.6%	$104.30	+5.3%	CL B	911312106
WBD	WARNER BROS DISCOVERY INC	96,000 (+140.0%)	$2.636M (+128.7%)	0.8%	$26.21	+7.7%	COM SER A	934423104
AZO	AUTOZONE INC	600 (+200.0%)	$2.027M (+198.8%)	0.6%	$3676.02	-1.4%	COM	053332102
MTDR	MATADOR RES CO	33,757 (+73.1%)	$2.133M (+157.7%)	0.7%	$43.43	+4.5%	COM	576485205
OVV	OVINTIV INC	34,306 (+60.3%)	$2.036M (+142.8%)	0.6%	$40.61	+7.5%	COM	69047Q102
CVX	CHEVRON CORPORATION	12,713 (+33.8%)	$2.63M (+81.7%)	0.8%	$156.88	+9.6%	COM	166764100
STT	STATE STR CORP	15,413 (+156.9%)	$1.951M (+152.0%)	0.6%	$118.36	+10.1%	COM	857477103
ACI	ALBERTSONS COS INC	119,200 (+138.4%)	$2.031M (+136.6%)	0.6%	$18.05	-3.7%	COMMON STOCK	013091103
FND	FLOOR & DECOR HLDGS INC	36,478 (+199.0%)	$1.853M (+149.5%)	0.6%	$68.23	+2.5%	CL A	339750101
CLX	CLOROX CO DEL	18,050 (+122.8%)	$1.871M (+129.0%)	0.6%	$111.65	+2.5%	COM	189054109
SFNC	SIMMONS FIRST NATL CORP	78,624 (+191.2%)	$1.529M (+200.5%)	0.5%	$19.74	+3.2%	CL A $1 PAR	828730200
TSLA	TESLA INC	5,000 (+150.0%)	$1.859M (+106.7%)	0.6%	—	—	PUT	88160R101
SEE	SEALED AIR CORP NEW	76,000 (+40.7%)	$3.196M (+42.8%)	1.0%	$39.50	+5.8%	COM	81211K100
MDLZ	MONDELEZ INTL INC	27,600 (+122.6%)	$1.591M (+138.3%)	0.5%	$60.24	-3.5%	CL A	609207105
ONB	OLD NATL BANCORP IND	78,443 (+106.4%)	$1.734M (+104.5%)	0.5%	$22.66	+6.6%	COM	680033107
NSC	NORFOLK SOUTHN CORP	8,700 (+52.6%)	$2.497M (+51.7%)	0.8%	$291.92	+2.1%	COM	655844108
SSB	SOUTHSTATE BK CORP	18,098 (+86.6%)	$1.674M (+83.4%)	0.5%	$98.22	+2.7%	COM	84472E102
COST	COSTCO WHOLESALE CORPORATION	1,405 (+75.6%)	$1.4M (+102.9%)	0.4%	$930.72	+3.6%	COM	22160K105
SOFI	SOFI TECHNOLOGIES INC	190,000 (+111.1%)	$3.017M (+28.1%)	0.9%	—	—	PUT	83406F102
FHN	FIRST HORIZON CORPORATION	57,702 (+98.3%)	$1.313M (+88.8%)	0.4%	$23.44	+5.4%	COM	320517105
GDEN	GOLDEN ENTMT INC	50,000 (+66.7%)	$1.335M (+63.6%)	0.4%	$26.54	+4.8%	COM	381013101
OII	OCEANEERING INTL INC	32,800 (+2.5%)	$1.163M (+51.3%)	0.4%	$20.47	+49.5%	COM	675232102
BHF	BRIGHTHOUSE FINL INC	22,000 (+41.9%)	$1.317M (+31.2%)	0.4%	$53.49	+19.4%	COM	10922N103
LEG	LEGGETT & PLATT INC	53,000 (+165.0%)	$524K (+138.0%)	0.2%	$11.22	+7.4%	COM	524660107
EA	ELECTRONIC ARTS INC	13,500 (+12.5%)	$2.752M (+12.2%)	0.9%	$178.84	+13.2%	COM	285512109
JPM	JPMORGAN CHASE & CO	6,515 (+27.7%)	$1.916M (+16.6%)	0.6%	$301.38	+3.3%	COM	46625H100
CYTK	CYTOKINETICS INC	9,000 (+60.7%)	$593K (+66.7%)	0.2%	$50.87	+26.7%	COM NEW	23282W605
AON	AON PLC	1,100 (+83.3%)	$355K (+67.7%)	0.1%	$349.93	-4.0%	SHS CL A	G0403H108

Exited Positions (31)

CVNA CARVANA CO 0.9%

Value $2.954M Shares 7,000 Est. Cost — Unrealized —

— CYBERARK SOFTWARE LTD 0.9%

Value $2.944M Shares 6,600 Est. Cost $471.35 Unrealized —

— SYNOVUS FINL CORP 0.9%

Value $2.718M Shares 54,300 Est. Cost $49.44 Unrealized —

— FRONTIER COMMUNICATIONS PARE 0.8%

Value $2.589M Shares 68,000 Est. Cost $37.09 Unrealized —

EXAS EXACT SCIENCES CORP 0.6%

Value $2.031M Shares 20,000 Est. Cost $80.31 Unrealized +27.8%

RNAM AVIDITY BIOSCIENCES INC 0.6%

Value $2.02M Shares 28,000 Est. Cost $64.59 Unrealized +12.5%

— CIDARA THERAPEUTICS INC 0.5%

Value $1.546M Shares 7,000 Est. Cost $220.89 Unrealized —

ALEX ALEXANDER & BALDWIN INC NEW 0.5%

Value $1.496M Shares 72,496 Est. Cost $20.64 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.5%

Value $1.49M Shares 30,000 Est. Cost — Unrealized —

TXN TEXAS INSTRS INC 0.4%

Value $1.214M Shares 7,000 Est. Cost $180.50 Unrealized +14.3%

GTLS CHART INDS INC 0.3%

Value $1.031M Shares 5,000 Est. Cost $202.64 Unrealized +2.2%

EOG EOG RES INC 0.3%

Value $809K Shares 7,700 Est. Cost $107.22 Unrealized +4.6%

LW LAMB WESTON HLDGS INC 0.3%

Value $804K Shares 19,200 Est. Cost $58.72 Unrealized -22.2%

PNC PNC FINL SVCS GROUP INC 0.2%

Value $793K Shares 3,800 Est. Cost $192.78 Unrealized +16.7%

RL RALPH LAUREN CORP 0.2%

Value $778K Shares 2,200 Est. Cost $340.01 Unrealized +6.8%

SUNC SUNOCOCORP LLC 0.2%

Value $739K Shares 15,000 Est. Cost $49.49 Unrealized +8.7%

XLE SELECT SECTOR SPDR TR 0.2%

Value $693K Shares 15,500 Est. Cost $61.41 Unrealized —

FRGE FORGE GLOBAL HOLDINGS INC 0.2%

Value $691K Shares 15,500 Est. Cost $33.80 Unrealized +32.1%

KNF KNIFE RIVER CORP 0.2%

Value $675K Shares 9,600 Est. Cost $84.23 Unrealized -6.2%

FANG DIAMONDBACK ENERGY INC 0.2%

Value $661K Shares 4,400 Est. Cost $152.65 Unrealized +4.7%

CYTK CYTOKINETICS INC 0.2%

Value $635K Shares 10,000 Est. Cost $50.87 Unrealized +26.7%

NVRI ENVIRI CORP 0.2%

Value $627K Shares 35,000 Est. Cost $14.90 Unrealized +25.6%

BRSL BRIGHTSTAR LOTTERY PLC 0.2%

Value $599K Shares 38,700 Est. Cost $16.17 Unrealized -11.9%

AMTM AMENTUM HOLDINGS INC 0.2%

Value $551K Shares 19,000 Est. Cost $24.35 Unrealized +37.4%

AD ARRAY DIGITAL INFRASTRUCTURE 0.2%

Value $504K Shares 9,400 Est. Cost $40.94 Unrealized +16.6%

NGD NEW GOLD INC CDA 0.1%

Value $436K Shares 50,000 Est. Cost $7.53 Unrealized +45.8%

LOCO EL POLLO LOCO HLDGS INC 0.1%

Value $418K Shares 40,000 Est. Cost $10.11 Unrealized +6.2%

TDS TELEPHONE & DATA SYS INC 0.1%

Value $369K Shares 9,000 Est. Cost $38.95 Unrealized +13.9%

LION LIONSGATE STUDIOS CORP 0.1%

Value $274K Shares 30,000 Est. Cost $7.11 Unrealized +26.1%

ANNA ALEANNA INC 0.1%

Value $265K Shares 92,000 Est. Cost $4.52 Unrealized -42.1%

— TRUECAR INC 0.0%

Value $72,336 Shares 32,007 Est. Cost $2.26 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CVNA	CARVANA CO	7,000	$2.954M	0.9%	—	—	PUT	146869102
—	CYBERARK SOFTWARE LTD	6,600	$2.944M	0.9%	$471.35	—	—	M2682V108
—	SYNOVUS FINL CORP	54,300	$2.718M	0.9%	$49.44	—	—	87161C501
—	FRONTIER COMMUNICATIONS PARE	68,000	$2.589M	0.8%	$37.09	—	—	35909D109
EXAS	EXACT SCIENCES CORP	20,000	$2.031M	0.6%	$80.31	+27.8%	—	30063P105
RNAM	AVIDITY BIOSCIENCES INC	28,000	$2.02M	0.6%	$64.59	+12.5%	—	05370A108
—	CIDARA THERAPEUTICS INC	7,000	$1.546M	0.5%	$220.89	—	—	171757206
ALEX	ALEXANDER & BALDWIN INC NEW	72,496	$1.496M	0.5%	$20.64	—	—	014491104
IBIT	ISHARES BITCOIN TRUST ETF	30,000	$1.49M	0.5%	—	—	CALL	46438F101
TXN	TEXAS INSTRS INC	7,000	$1.214M	0.4%	$180.50	+14.3%	—	882508104
GTLS	CHART INDS INC	5,000	$1.031M	0.3%	$202.64	+2.2%	—	16115Q308
EOG	EOG RES INC	7,700	$809K	0.3%	$107.22	+4.6%	—	26875P101
LW	LAMB WESTON HLDGS INC	19,200	$804K	0.3%	$58.72	-22.2%	—	513272104
PNC	PNC FINL SVCS GROUP INC	3,800	$793K	0.2%	$192.78	+16.7%	—	693475105
RL	RALPH LAUREN CORP	2,200	$778K	0.2%	$340.01	+6.8%	—	751212101
SUNC	SUNOCOCORP LLC	15,000	$739K	0.2%	$49.49	+8.7%	—	86765Q106
XLE	SELECT SECTOR SPDR TR	15,500	$693K	0.2%	$61.41	—	—	81369Y506
FRGE	FORGE GLOBAL HOLDINGS INC	15,500	$691K	0.2%	$33.80	+32.1%	—	34629L202
KNF	KNIFE RIVER CORP	9,600	$675K	0.2%	$84.23	-6.2%	—	498894104
FANG	DIAMONDBACK ENERGY INC	4,400	$661K	0.2%	$152.65	+4.7%	—	25278X109
CYTK	CYTOKINETICS INC	10,000	$635K	0.2%	$50.87	+26.7%	CALL	23282W605
NVRI	ENVIRI CORP	35,000	$627K	0.2%	$14.90	+25.6%	—	415864107
BRSL	BRIGHTSTAR LOTTERY PLC	38,700	$599K	0.2%	$16.17	-11.9%	—	G4863A108
AMTM	AMENTUM HOLDINGS INC	19,000	$551K	0.2%	$24.35	+37.4%	—	023939101
AD	ARRAY DIGITAL INFRASTRUCTURE	9,400	$504K	0.2%	$40.94	+16.6%	—	911684108
NGD	NEW GOLD INC CDA	50,000	$436K	0.1%	$7.53	+45.8%	—	644535106
LOCO	EL POLLO LOCO HLDGS INC	40,000	$418K	0.1%	$10.11	+6.2%	—	268603107
TDS	TELEPHONE & DATA SYS INC	9,000	$369K	0.1%	$38.95	+13.9%	—	879433829
LION	LIONSGATE STUDIOS CORP	30,000	$274K	0.1%	$7.11	+26.1%	—	53626N102
ANNA	ALEANNA INC	92,000	$265K	0.1%	$4.52	-42.1%	—	01444V103
—	TRUECAR INC	32,007	$72,336	0.0%	$2.26	—	—	89785L107

Decreased Positions (4)

AFRM AFFIRM HLDGS INC 0.3%

Value $916K (-79.5%) Shares 20,000 (-66.7%) Est. Cost — Unrealized —

HYG ISHARES TR 18.3%

Value $58.08M (-5.2%) Shares 730,000 (-3.9%) Est. Cost — Unrealized —

QS QUANTUMSCAPE CORP 0.1%

Value $447K (-61.0%) Shares 70,000 (-36.4%) Est. Cost — Unrealized —

HOLX HOLOGIC INC 0.4%

Value $1.209M (-14.5%) Shares 16,000 (-15.8%) Est. Cost $73.07 Unrealized +2.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AFRM	AFFIRM HLDGS INC	20,000 (-66.7%)	$916K (-79.5%)	0.3%	—	—	PUT	00827B106
HYG	ISHARES TR	730,000 (-3.9%)	$58.08M (-5.2%)	18.3%	—	—	PUT	464288513
QS	QUANTUMSCAPE CORP	70,000 (-36.4%)	$447K (-61.0%)	0.1%	—	—	PUT	74767V109
HOLX	HOLOGIC INC	16,000 (-15.8%)	$1.209M (-14.5%)	0.4%	$73.07	+2.7%	COM	436440101

Unchanged Positions (2)

SWKH SWK HLDGS CORP 45.4%

Value $144M Shares 8,493,088 Est. Cost $10.16 Unrealized +69.8%

IMXI INTERNATIONAL MONEY EXPRESS 0.3%

Value $1.027M Shares 65,000 Est. Cost $15.02 Unrealized +3.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SWKH	SWK HLDGS CORP	8,493,088	$144M	45.4%	$10.16	+69.8%	COM NEW	78501P203
IMXI	INTERNATIONAL MONEY EXPRESS	65,000	$1.027M	0.3%	$15.02	+3.3%	COM	46005L101