Fortress Investment Group LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RJET	REPUBLIC AWYS HLDGS INC	250,804	$4,607	1.1%	$20.80	0.0%	COM SHS	590479408
AHL	ASPEN INSURANCE HOLDINGS LTD	98,430	$3,652	0.9%	$36.88	0.0%	ORD SHS CL A	G05384501
CMA	COMERICA INC	37,200	$3,234	0.8%	$79.98	0.0%	COM	200340107
KBONU	KARBON CAP PARTNERS CORP	307,023	$3,090	0.7%	$10.06	—	UNIT 12/11/2030	G5225W126
EXAS	EXACT SCIENCES CORP	28,500	$2,894	0.7%	$80.31	0.0%	COM	30063P105
LMRI	LUMEXA IMAGING HOLDINGS INC	152,573	$2,823	0.7%	$18.05	0.0%	COM	550249106
—	CYBERARK SOFTWARE LTD	5,995	$2,674	0.6%	$446.06	—	SHS	M2682V108
CADE	CADENCE BANK	58,750	$2,517	0.6%	$39.41	0.0%	COM	12740C103
RNA	AVIDITY BIOSCIENCES INC	34,402	$2,481	0.6%	$64.59	0.0%	COM	05370A108
GTLS	CHART INDS INC	11,443	$2,360	0.6%	$202.64	0.0%	COM	16115Q308
SHC	SOTERA HEALTH CO	124,700	$2,200	0.5%	$16.54	0.0%	COM	83601L102
LBRDK	LIBERTY BROADBAND CORP	40,800	$1,983	0.5%	$52.01	0.0%	COM SER C	530307305
NSC	NORFOLK SOUTHN CORP	6,225	$1,797	0.4%	$288.62	0.0%	COM	655844108
—	FRONTIER COMMUNICATIONS PARE	46,500	$1,770	0.4%	$38.07	—	COM	35909D109
CFLT	CONFLUENT INC	55,000	$1,663	0.4%	$24.55	0.0%	CLASS A COM	20717M103
—	CIDARA THERAPEUTICS INC	7,250	$1,601	0.4%	$220.89	—	COM NEW	171757206
FOLD	AMICUS THERAPEUTICS INC	110,000	$1,566	0.4%	$9.82	0.0%	COM	03152W109
MDU	MDU RES GROUP INC	67,304	$1,314	0.3%	$19.57	0.0%	COM	552690109
EA	ELECTRONIC ARTS INC	5,650	$1,154	0.3%	$201.71	0.0%	COM	285512109
WBD	WARNER BROS DISCOVERY INC	36,600	$1,055	0.2%	$23.37	0.0%	COM SER A	934423104
RNA	AVIDITY BIOSCIENCES INC	10,000	$721	0.2%	$64.59	0.0%	PUT	05370A108
ALH	ALLIANCE LAUNDRY HLDGS INC	32,703	$666	0.2%	$24.03	0.0%	COM	01862Q107
WBD	WARNER BROS DISCOVERY INC	15,000	$432	0.1%	$23.37	0.0%	PUT	934423104
CWAN	CLEARWATER ANALYTICS HLDGS I	10,000	$241	0.1%	$20.03	0.0%	CL A	185123106
GWRE	GUIDEWIRE SOFTWARE INC	600	$121	0.0%	$221.19	0.0%	COM	40171V100
SPCB	SUPERCOM LTD NEW	534	$5	0.0%	$9.94	0.0%	ORD SHS	M87095309
TTAN	SERVICETITAN INC	28	$3	0.0%	$97.68	0.0%	SHS CL A	81764X103
SMRT	SMARTRENT INC	932	$2	0.0%	$1.64	0.0%	COM CL A	83193G107

Exited Positions (39)

KRMN KARMAN HLDGS INC 10.2%

Value ($000) $43,320 Shares 600,000 Est. Cost $54.85 Unrealized +32.0%

SITM SITIME CORP 7.1%

Value ($000) $30,131 Shares 100,000 Est. Cost $180.72 Unrealized +73.2%

BIRK BIRKENSTOCK HOLDING PLC 6.4%

Value ($000) $27,150 Shares 600,000 Est. Cost $50.19 Unrealized -15.6%

WAY WAYSTAR HLDG CORP 6.1%

Value ($000) $26,016 Shares 686,071 Est. Cost $37.52 Unrealized -5.1%

CHWY CHEWY INC 5.7%

Value ($000) $24,270 Shares 600,000 Est. Cost $38.36 Unrealized -9.5%

SRAD SPORTRADAR GROUP AG 4.8%

Value ($000) $20,444 Shares 760,000 Est. Cost $27.25 Unrealized —

TPG TPG INC 4.0%

Value ($000) $17,167 Shares 298,813 Est. Cost $59.03 Unrealized -0.0%

SAIL SAILPOINT INC 3.9%

Value ($000) $16,560 Shares 750,000 Est. Cost $20.40 Unrealized +2.2%

BLSH BULLISH 3.7%

Value ($000) $15,903 Shares 250,000 Est. Cost $61.33 Unrealized -20.6%

ZETA ZETA GLOBAL HOLDINGS CORP 2.3%

Value ($000) $9,935 Shares 500,000 Est. Cost $17.96 Unrealized +4.0%

CTRI CENTURI HOLDINGS INC 2.1%

Value ($000) $8,774 Shares 414,467 Est. Cost $21.22 Unrealized +5.4%

FIGR FIGURE TECHNOLOGY SOLUTIO 1.9%

Value ($000) $8,183 Shares 225,000 Est. Cost $38.84 Unrealized +3.0%

VIK VIKING HOLDINGS LTD 1.8%

Value ($000) $7,791 Shares 125,344 Est. Cost $59.63 Unrealized +7.0%

ODD ODDITY TECH LTD 1.7%

Value ($000) $7,242 Shares 116,250 Est. Cost $60.97 Unrealized -25.9%

MIR MIRION TECHNOLOGIES INC 1.7%

Value ($000) $7,035 Shares 302,431 Est. Cost $21.59 Unrealized +15.5%

AS AMER SPORTS INC 1.6%

Value ($000) $6,805 Shares 195,821 Est. Cost $30.76 Unrealized +11.5%

DV DOUBLEVERIFY HLDGS INC 1.3%

Value ($000) $5,668 Shares 473,152 Est. Cost $14.83 Unrealized -25.6%

— DIVERSIFIED ENERGY COMPANY P 1.2%

Value ($000) $4,977 Shares 355,242 Est. Cost $14.01 Unrealized —

OMDA OMADA HEALTH INC 1.2%

Value ($000) $4,975 Shares 225,000 Est. Cost $18.26 Unrealized +11.1%

— BOEING CO 1.1%

Value ($000) $4,870 Shares 70,000 Est. Cost $61.30 Unrealized —

SFD SMITHFIELD FOODS INC 1.1%

Value ($000) $4,721 Shares 201,055 Est. Cost $21.90 Unrealized -0.1%

SNOW SNOWFLAKE INC 1.1%

Value ($000) $4,511 Shares 20,000 Est. Cost $197.77 Unrealized +23.4%

AMBQ AMBIQ MICRO INC 1.1%

Value ($000) $4,488 Shares 150,000 Est. Cost $36.46 Unrealized -21.4%

NTSK NETSKOPE INC 1.0%

Value ($000) $4,432 Shares 195,000 Est. Cost $23.79 Unrealized -12.3%

WYFI WHITEFIBER INC 1.0%

Value ($000) $4,301 Shares 158,300 Est. Cost $19.54 Unrealized +26.5%

VST VISTRA CORP 0.9%

Value ($000) $3,918 Shares 20,000 Est. Cost $197.68 Unrealized -8.0%

BIRK BIRKENSTOCK HOLDING PLC 0.9%

Value ($000) $3,910 Shares 86,400 Est. Cost $50.19 Unrealized -15.6%

AWK AMERICAN WTR WKS CO INC NEW 0.8%

Value ($000) $3,345 Shares 24,032 Est. Cost $140.03 Unrealized -4.9%

CUBI CUSTOMERS BANCORP INC 0.7%

Value ($000) $2,860 Shares 43,756 Est. Cost $65.77 Unrealized +4.3%

NIQ NIQ GLOBAL INTELLIGENCE PLC 0.6%

Value ($000) $2,749 Shares 175,082 Est. Cost $17.40 Unrealized -15.9%

AIRO AIRO GROUP HLDGS INC 0.5%

Value ($000) $2,222 Shares 115,747 Est. Cost $21.92 Unrealized -41.2%

WBI WATERBRIDGE INFRASTRUCTURE L 0.5%

Value ($000) $2,032 Shares 80,572 Est. Cost $23.45 Unrealized -1.0%

CHWY CHEWY INC 0.5%

Value ($000) $2,023 Shares 50,000 Est. Cost $38.36 Unrealized -9.5%

WULF TERAWULF INC 0.4%

Value ($000) $1,713 Shares 150,000 Est. Cost $7.64 Unrealized +75.4%

RBRK RUBRIK INC. 0.3%

Value ($000) $1,164 Shares 14,147 Est. Cost $79.05 Unrealized -3.0%

MTRX MATRIX SVC CO 0.3%

Value ($000) $1,162 Shares 88,854 Est. Cost $14.21 Unrealized -11.6%

— ARES MANAGEMENT CORPORATION 0.2%

Value ($000) $943 Shares 18,972 Est. Cost $49.69 Unrealized —

MNTN MNTN INC 0.2%

Value ($000) $902 Shares 48,613 Est. Cost $23.00 Unrealized -37.4%

BXP BXP INC 0.1%

Value ($000) $318 Shares 4,275 Est. Cost $69.22 Unrealized +1.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KRMN	KARMAN HLDGS INC	600,000	$43,320	10.2%	$54.85	+32.0%	—	485924104
SITM	SITIME CORP	100,000	$30,131	7.1%	$180.72	+73.2%	—	82982T106
BIRK	BIRKENSTOCK HOLDING PLC	600,000	$27,150	6.4%	$50.19	-15.6%	—	M2029K104
WAY	WAYSTAR HLDG CORP	686,071	$26,016	6.1%	$37.52	-5.1%	—	946784105
CHWY	CHEWY INC	600,000	$24,270	5.7%	$38.36	-9.5%	—	16679L109
SRAD	SPORTRADAR GROUP AG	760,000	$20,444	4.8%	$27.25	—	—	H8088L103
TPG	TPG INC	298,813	$17,167	4.0%	$59.03	-0.0%	—	872657101
SAIL	SAILPOINT INC	750,000	$16,560	3.9%	$20.40	+2.2%	—	78781J109
BLSH	BULLISH	250,000	$15,903	3.7%	$61.33	-20.6%	—	G16910120
ZETA	ZETA GLOBAL HOLDINGS CORP	500,000	$9,935	2.3%	$17.96	+4.0%	—	98956A105
CTRI	CENTURI HOLDINGS INC	414,467	$8,774	2.1%	$21.22	+5.4%	—	155923105
FIGR	FIGURE TECHNOLOGY SOLUTIO	225,000	$8,183	1.9%	$38.84	+3.0%	—	349381103
VIK	VIKING HOLDINGS LTD	125,344	$7,791	1.8%	$59.63	+7.0%	—	G93A5A101
ODD	ODDITY TECH LTD	116,250	$7,242	1.7%	$60.97	-25.9%	—	M7518J104
MIR	MIRION TECHNOLOGIES INC	302,431	$7,035	1.7%	$21.59	+15.5%	—	60471A101
AS	AMER SPORTS INC	195,821	$6,805	1.6%	$30.76	+11.5%	—	G0260P102
DV	DOUBLEVERIFY HLDGS INC	473,152	$5,668	1.3%	$14.83	-25.6%	—	25862V105
—	DIVERSIFIED ENERGY COMPANY P	355,242	$4,977	1.2%	$14.01	—	—	G2891G204
OMDA	OMADA HEALTH INC	225,000	$4,975	1.2%	$18.26	+11.1%	—	68170A108
—	BOEING CO	70,000	$4,870	1.1%	$61.30	—	—	097023204
SFD	SMITHFIELD FOODS INC	201,055	$4,721	1.1%	$21.90	-0.1%	—	832248207
SNOW	SNOWFLAKE INC	20,000	$4,511	1.1%	$197.77	+23.4%	—	833445109
AMBQ	AMBIQ MICRO INC	150,000	$4,488	1.1%	$36.46	-21.4%	—	023193105
NTSK	NETSKOPE INC	195,000	$4,432	1.0%	$23.79	-12.3%	—	64119N608
WYFI	WHITEFIBER INC	158,300	$4,301	1.0%	$19.54	+26.5%	—	G96115103
VST	VISTRA CORP	20,000	$3,918	0.9%	$197.68	-8.0%	—	92840M102
BIRK	BIRKENSTOCK HOLDING PLC	86,400	$3,910	0.9%	$50.19	-15.6%	CALL	M2029K104
AWK	AMERICAN WTR WKS CO INC NEW	24,032	$3,345	0.8%	$140.03	-4.9%	—	030420103
CUBI	CUSTOMERS BANCORP INC	43,756	$2,860	0.7%	$65.77	+4.3%	—	23204G100
NIQ	NIQ GLOBAL INTELLIGENCE PLC	175,082	$2,749	0.6%	$17.40	-15.9%	—	G63755105
AIRO	AIRO GROUP HLDGS INC	115,747	$2,222	0.5%	$21.92	-41.2%	—	009422106
WBI	WATERBRIDGE INFRASTRUCTURE L	80,572	$2,032	0.5%	$23.45	-1.0%	—	940923105
CHWY	CHEWY INC	50,000	$2,023	0.5%	$38.36	-9.5%	CALL	16679L109
WULF	TERAWULF INC	150,000	$1,713	0.4%	$7.64	+75.4%	—	88080T104
RBRK	RUBRIK INC.	14,147	$1,164	0.3%	$79.05	-3.0%	—	781154109
MTRX	MATRIX SVC CO	88,854	$1,162	0.3%	$14.21	-11.6%	—	576853105
—	ARES MANAGEMENT CORPORATION	18,972	$943	0.2%	$49.69	—	—	03990B309
MNTN	MNTN INC	48,613	$902	0.2%	$23.00	-37.4%	—	55318A108
BXP	BXP INC	4,275	$318	0.1%	$69.22	+1.7%	—	101121101

Decreased Positions (3)

SARO STANDARDAERO INC 0.0%

Value ($000) $75 (-99.7%) Shares 2,606 (-99.7%) Est. Cost $27.02 Unrealized +0.8%

LGN LEGENCE CORP 0.4%

Value ($000) $1,752 (-79.4%) Shares 40,704 (-85.2%) Est. Cost $31.48 Unrealized +25.6%

— KKR & CO INC 0.6%

Value ($000) $2,592 (-38.3%) Shares 50,000 (-37.7%) Est. Cost $49.82 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SARO	STANDARDAERO INC	2,606 (-99.7%)	$75 (-99.7%)	0.0%	$27.02	+0.8%	COM	85423L103
LGN	LEGENCE CORP	40,704 (-85.2%)	$1,752 (-79.4%)	0.4%	$31.48	+25.6%	CL A	52476L109
—	KKR & CO INC	50,000 (-37.7%)	$2,592 (-38.3%)	0.6%	$49.82	—	6.25 CON SER D	48251W500

Unchanged Positions (6)

NN NEXTNAV INC 55.4%

Value ($000) $235,923 Shares 14,178,054 Est. Cost $9.08 Unrealized +56.4%

IBIT ISHARES BITCOIN TRUST ETF 15.4%

Value ($000) $65,786 Shares 1,325,000 Est. Cost $40.47 Unrealized —

NFE NEW FORTRESS ENERGY INC 3.6%

Value ($000) $15,275 Shares 13,399,317 Est. Cost $12.54 Unrealized -88.2%

PLBY PLAYBOY INC 7.3%

Value ($000) $31,188 Shares 16,589,531 Est. Cost $3.02 Unrealized -45.9%

FFWM FIRST FNDTN INC 5.8%

Value ($000) $24,879 Shares 4,038,750 Est. Cost $6.54 Unrealized -14.4%

MARA MARA HOLDINGS INC 0.0%

Value ($000) $126 Shares 14,056 Est. Cost $37.77 Unrealized -60.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NN	NEXTNAV INC	14,178,054	$235,923	55.4%	$9.08	+56.4%	COMMON STOCK	65345N106
IBIT	ISHARES BITCOIN TRUST ETF	1,325,000	$65,786	15.4%	$40.47	—	SHS BEN INT	46438F101
NFE	NEW FORTRESS ENERGY INC	13,399,317	$15,275	3.6%	$12.54	-88.2%	COM CL A	644393100
PLBY	PLAYBOY INC	16,589,531	$31,188	7.3%	$3.02	-45.9%	COM	72814P109
FFWM	FIRST FNDTN INC	4,038,750	$24,879	5.8%	$6.54	-14.4%	COM	32026V104
MARA	MARA HOLDINGS INC	14,056	$126	0.0%	$37.77	-60.9%	COM	565788106