Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPCX	SPACE EXPLORATION TECHN CORP	15,500	$2.648M	6.5%	$170.86	—	—	PUT	84615Q103
IBIT	ISHARES BITCOIN TRUST ETF	21,700	$722K	1.8%	$33.29	$33.29	—	SHS BEN INT	46438F101
USO	UNITED STS OIL FD LP	4,000	$426K	1.0%	$106.44	$106.44	—	UNITS	91232N207
WES	WESTERN MIDSTREAM PARTNERS L	8,500	$372K	0.9%	$43.76	$43.76	—	COM UNIT LP INT	958669103
SLV	ISHARES SILVER TR	5,500	$294K	0.7%	$53.47	$53.47	—	ISHARES	46428Q109
MSGS	MADISON SQUARE GRDN SPRT COR	600	$241K	0.6%	$401.84	$401.84	—	CL A	55825T103
SERV	SERVE ROBOTICS INC	35,600	$234K	0.6%	$6.58	$6.58	—	COM	81758H106

Increased Positions (5)

AAPL APPLE INC 4.0%

Value $1.649M (+54.7%) Shares 5,700 (+35.7%) Share Price $289.36 Est. Cost/Share $237.94 Unrealized @ Report Date —

XLK SELECT SECTOR SPDR TR 1.9%

Value $762K (+186.7%) Shares 4,000 (+100.0%) Share Price $190.52 Est. Cost/Share $214.21 Unrealized @ Report Date —

NVDA NVIDIA CORPORATION 3.2%

Value $1.301M (+35.6%) Shares 6,500 (+18.2%) Share Price $200.09 Est. Cost/Share $138.77 Unrealized @ Report Date —

XBI SPDR SERIES TRUST 1.9%

Value $791K (+54.9%) Shares 5,000 (+25.0%) Share Price $158.25 Est. Cost/Share $114.56 Unrealized @ Report Date —

EQT EQT CORP 0.6%

Value $239K (-6.0%) Shares 4,500 (+12.5%) Share Price $53.17 Est. Cost/Share $55.04 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AAPL	APPLE INC	5,700 (+35.7%)	$1.649M (+54.7%)	4.0%	$289.36	$237.94	—	COM	037833100
XLK	SELECT SECTOR SPDR TR	4,000 (+100.0%)	$762K (+186.7%)	1.9%	$190.52	$214.21	—	ST STR TECHN ETF	81369Y803
NVDA	NVIDIA CORPORATION	6,500 (+18.2%)	$1.301M (+35.6%)	3.2%	$200.09	$138.77	—	COM	67066G104
XBI	SPDR SERIES TRUST	5,000 (+25.0%)	$791K (+54.9%)	1.9%	$158.25	$114.56	—	ST STR SP BIOT	78464A870
EQT	EQT CORP	4,500 (+12.5%)	$239K (-6.0%)	0.6%	$53.17	$55.04	—	COM	26884L109

Exited Positions (6)

VIXY PROSHARES TR II 2.5%

Value $1.03M Shares 30,000 Share Price $34.35 Est. Cost/Share $30.00 Unrealized @ Report Date —

EVR EVERCORE INC 0.7%

Value $299K Shares 1,000 Share Price $298.51 Est. Cost/Share $351.86 Unrealized @ Report Date —

XLEI SELECT SECTOR SPDR TR 0.7%

Value $276K Shares 4,500 Share Price $61.26 Est. Cost/Share $44.71 Unrealized @ Report Date —

GDXJ VANECK ETF TRUST 0.6%

Value $240K Shares 2,000 Share Price $120.04 Est. Cost/Share $120.04 Unrealized @ Report Date —

TMUS T-MOBILE US INC 0.5%

Value $210K Shares 1,000 Share Price $210.03 Est. Cost/Share $187.42 Unrealized @ Report Date —

HSAI HESAI GROUP 0.5%

Value $191K Shares 10,000 Share Price $19.12 Est. Cost/Share $22.40 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VIXY	PROSHARES TR II	30,000	$1.03M	2.5%	$34.35	$30.00	—	—	74347Y730
EVR	EVERCORE INC	1,000	$299K	0.7%	$298.51	$351.86	—	—	29977A105
XLEI	SELECT SECTOR SPDR TR	4,500	$276K	0.7%	$61.26	$44.71	—	—	81369Y829
GDXJ	VANECK ETF TRUST	2,000	$240K	0.6%	$120.04	$120.04	—	—	92189F791
TMUS	T-MOBILE US INC	1,000	$210K	0.5%	$210.03	$187.42	—	—	872590104
HSAI	HESAI GROUP	10,000	$191K	0.5%	$19.12	$22.40	—	—	428050108

Decreased Positions (11)

GLD SPDR GOLD TR 27.1%

Value $11.05M (-39.6%) Shares 30,000 (-29.4%) Share Price $368.38 Est. Cost/Share $302.58 Unrealized @ Report Date —

GDX VANECK ETF TRUST 0.7%

Value $302K (-56.2%) Shares 4,000 (-46.7%) Share Price $75.45 Est. Cost/Share $54.77 Unrealized @ Report Date —

AAXJ ISHARES TR 5.6%

Value $2.267M (+7.0%) Shares 19,000 (-13.6%) Share Price $119.33 Est. Cost/Share $83.79 Unrealized @ Report Date —

BSM BLACK STONE MINERALS L P 2.3%

Value $957K (-10.9%) Shares 68,516 (-3.5%) Share Price $13.97 Est. Cost/Share $12.11 Unrealized @ Report Date —

JPM JPMORGAN CHASE & CO 0.8%

Value $327K (-25.8%) Shares 1,000 (-33.3%) Share Price $327.33 Est. Cost/Share $282.27 Unrealized @ Report Date —

EXE EXPAND ENERGY CORPORATION 0.6%

Value $228K (-30.8%) Shares 2,500 (-16.7%) Share Price $91.19 Est. Cost/Share $105.80 Unrealized @ Report Date —

NG NOVAGOLD RESOURCES INC 0.3%

Value $104K (-48.3%) Shares 17,500 (-22.2%) Share Price $5.97 Est. Cost/Share $9.27 Unrealized @ Report Date —

FRMI FERMI INC 0.7%

Value $275K (+25.5%) Shares 30,000 (-20.0%) Share Price $9.16 Est. Cost/Share $12.06 Unrealized @ Report Date —

UBER UBER TECHNOLOGIES INC 0.7%

Value $289K (-10.8%) Shares 4,000 (-11.1%) Share Price $72.16 Est. Cost/Share $78.72 Unrealized @ Report Date —

GOOGL ALPHABET INC 1.8%

Value $715K (-0.6%) Shares 2,000 (-20.0%) Share Price $357.37 Est. Cost/Share $323.29 Unrealized @ Report Date —

AMZN AMAZON COM INC 4.1%

Value $1.668M (+0.1%) Shares 7,000 (-12.5%) Share Price $238.34 Est. Cost/Share $211.28 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GLD	SPDR GOLD TR	30,000 (-29.4%)	$11.05M (-39.6%)	27.1%	$368.38	$302.58	—	GOLD SHS	78463V107
GDX	VANECK ETF TRUST	4,000 (-46.7%)	$302K (-56.2%)	0.7%	$75.45	$54.77	—	GOLD MINERS ETF	92189F106
AAXJ	ISHARES TR	19,000 (-13.6%)	$2.267M (+7.0%)	5.6%	$119.33	$83.79	—	MSCI AC ASIA ETF	464288182
BSM	BLACK STONE MINERALS L P	68,516 (-3.5%)	$957K (-10.9%)	2.3%	$13.97	$12.11	—	COM UNIT	09225M101
JPM	JPMORGAN CHASE & CO	1,000 (-33.3%)	$327K (-25.8%)	0.8%	$327.33	$282.27	—	COM	46625H100
EXE	EXPAND ENERGY CORPORATION	2,500 (-16.7%)	$228K (-30.8%)	0.6%	$91.19	$105.80	—	COM	165167735
NG	NOVAGOLD RESOURCES INC	17,500 (-22.2%)	$104K (-48.3%)	0.3%	$5.97	$9.27	—	COM NEW	66987E206
FRMI	FERMI INC	30,000 (-20.0%)	$275K (+25.5%)	0.7%	$9.16	$12.06	—	COM	314911108
UBER	UBER TECHNOLOGIES INC	4,000 (-11.1%)	$289K (-10.8%)	0.7%	$72.16	$78.72	—	COM	90353T100
GOOGL	ALPHABET INC	2,000 (-20.0%)	$715K (-0.6%)	1.8%	$357.37	$323.29	—	CAP STK CL A	02079K305
AMZN	AMAZON COM INC	7,000 (-12.5%)	$1.668M (+0.1%)	4.1%	$238.34	$211.28	—	COM	023135106

Unchanged Positions (13)

BE BLOOM ENERGY CORP 3.7%

Value $1.514M Shares 5,000 Share Price $302.70 Est. Cost/Share $51.77 Unrealized @ Report Date —

SMH VANECK ETF TRUST 1.6%

Value $656K Shares 1,000 Share Price $655.89 Est. Cost/Share $227.81 Unrealized @ Report Date —

QQQ INVESCO QQQ TR 1.8%

Value $736K Shares 1,000 Share Price $736.40 Est. Cost/Share $450.67 Unrealized @ Report Date —

SPHR SPHERE ENTERTAINMENT CO 0.8%

Value $346K Shares 2,000 Share Price $173.03 Est. Cost/Share $99.94 Unrealized @ Report Date —

RSVR RESERVOIR MEDIA INC 12.4%

Value $5.062M Shares 511,834 Share Price $9.89 Est. Cost/Share $7.51 Unrealized @ Report Date —

ACWI ISHARES TR 0.8%

Value $314K Shares 2,000 Share Price $156.97 Est. Cost/Share $138.24 Unrealized @ Report Date —

ITA ISHARES TR 0.9%

Value $364K Shares 1,500 Share Price $242.42 Est. Cost/Share $149.64 Unrealized @ Report Date —

EPD ENTERPRISE PRODS PARTNERS L 1.5%

Value $607K Shares 16,500 Share Price $36.76 Est. Cost/Share $31.44 Unrealized @ Report Date —

MSFT MICROSOFT CORP 4.6%

Value $1.865M Shares 5,000 Share Price $373.02 Est. Cost/Share $446.27 Unrealized @ Report Date —

META META PLATFORMS INC 1.4%

Value $563K Shares 1,000 Share Price $563.29 Est. Cost/Share $557.11 Unrealized @ Report Date —

— KAYNE ANDERSON ENERGY INFRST 0.5%

Value $209K Shares 15,086 Share Price $13.83 Est. Cost/Share $12.38 Unrealized @ Report Date —

ET ENERGY TRANSFER L P 1.1%

Value $459K Shares 24,000 Share Price $19.12 Est. Cost/Share $16.49 Unrealized @ Report Date —

DECK DECKERS OUTDOOR CORP 0.5%

Value $223K Shares 2,250 Share Price $99.29 Est. Cost/Share $93.73 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BE	BLOOM ENERGY CORP	5,000	$1.514M	3.7%	$302.70	$51.77	—	COM CL A	093712107
SMH	VANECK ETF TRUST	1,000	$656K	1.6%	$655.89	$227.81	—	SEMICONDUCTR ETF	92189F676
QQQ	INVESCO QQQ TR	1,000	$736K	1.8%	$736.40	$450.67	—	UNIT SER 1	46090E103
SPHR	SPHERE ENTERTAINMENT CO	2,000	$346K	0.8%	$173.03	$99.94	—	CL A	55826T102
RSVR	RESERVOIR MEDIA INC	511,834	$5.062M	12.4%	$9.89	$7.51	—	COM	76119X105
ACWI	ISHARES TR	2,000	$314K	0.8%	$156.97	$138.24	—	MSCI ACWI ETF	464288257
ITA	ISHARES TR	1,500	$364K	0.9%	$242.42	$149.64	—	US AER DEF ETF	464288760
EPD	ENTERPRISE PRODS PARTNERS L	16,500	$607K	1.5%	$36.76	$31.44	—	COM	293792107
MSFT	MICROSOFT CORP	5,000	$1.865M	4.6%	$373.02	$446.27	—	COM	594918104
META	META PLATFORMS INC	1,000	$563K	1.4%	$563.29	$557.11	—	CL A	30303M102
—	KAYNE ANDERSON ENERGY INFRST	15,086	$209K	0.5%	$13.83	$12.38	—	COM	486606106
ET	ENERGY TRANSFER L P	24,000	$459K	1.1%	$19.12	$16.49	—	COM UT LTD PTN	29273V100
DECK	DECKERS OUTDOOR CORP	2,250	$223K	0.5%	$99.29	$93.73	—	COM	243537107