Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	97,500	$74.36M	62.1%	$762.63	—	—	PUT	78462F103
XLE	SELECT SECTOR SPDR TR	21,500	$1.322M	1.1%	$61.50	$60.62	+1.5%	ST STR ENERG ETF	81369Y506
XOM	EXXONMOBIL HOLDINGS CORP	5,000	$814K	0.7%	$162.75	$162.75	—	COM SHS	30233Q108
SPCX	SPACE EXPLORATION TECHN CORP	4,964	$749K	0.6%	$150.86	$138.41	+9.0%	CLASS A COM STK	84615Q103
CVX	CHEVRON CORPORATION	3,500	$715K	0.6%	$204.21	$196.91	+3.7%	COM	166764100
RACE	FERRARI N V	1,500	$589K	0.5%	$392.85	$400.46	-1.9%	COM	N3167Y103
COP	CONOCOPHILLIPS	4,000	$501K	0.4%	$125.15	$123.91	+1.0%	COM	20825C104

Increased Positions (9)

USO UNITED STS OIL FD LP 1.3%

Value $1.602M (+276.3%) Shares 11,000 (+175.0%) Share Price $145.66 Est. Cost/Share $131.66 Unrealized @ Report Date +10.6%

SMH VANECK ETF TRUST 1.3%

Value $1.522M (+132.1%) Shares 2,500 (+150.0%) Share Price $609.00 Est. Cost/Share $432.35 Unrealized @ Report Date +40.9%

AAPL APPLE INC 2.0%

Value $2.398M (+45.4%) Shares 7,200 (+26.3%) Share Price $333.02 Est. Cost/Share $254.03 Unrealized @ Report Date +31.1%

META META PLATFORMS INC 0.6%

Value $769K (+36.5%) Shares 1,060 (+6.0%) Share Price $725.18 Est. Cost/Share $560.91 Unrealized @ Report Date +29.3%

XBI SPDR SERIES TRUST 0.8%

Value $946K (+19.6%) Shares 6,000 (+20.0%) Share Price $157.68 Est. Cost/Share $111.79 Unrealized @ Report Date +41.1%

BE BLOOM ENERGY CORP 1.4%

Value $1.662M (+9.8%) Shares 6,000 (+20.0%) Share Price $276.98 Est. Cost/Share $82.51 Unrealized @ Report Date +235.7%

EQT EQT CORP 0.3%

Value $316K (+31.9%) Shares 6,500 (+44.4%) Share Price $48.56 Est. Cost/Share $56.45 Unrealized @ Report Date -14.0%

WES WESTERN MIDSTREAM PARTNERS L 0.4%

Value $422K (+13.3%) Shares 9,500 (+11.8%) Share Price $44.37 Est. Cost/Share $43.82 Unrealized @ Report Date —

UBER UBER TECHNOLOGIES INC 0.3%

Value $308K (+6.8%) Shares 4,500 (+12.5%) Share Price $68.51 Est. Cost/Share $76.53 Unrealized @ Report Date -10.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
USO	UNITED STS OIL FD LP	11,000 (+175.0%)	$1.602M (+276.3%)	1.3%	$145.66	$131.66	+10.6%	UNITS	91232N207
SMH	VANECK ETF TRUST	2,500 (+150.0%)	$1.522M (+132.1%)	1.3%	$609.00	$432.35	+40.9%	SEMICONDUCTR ETF	92189F676
AAPL	APPLE INC	7,200 (+26.3%)	$2.398M (+45.4%)	2.0%	$333.02	$254.03	+31.1%	COM	037833100
META	META PLATFORMS INC	1,060 (+6.0%)	$769K (+36.5%)	0.6%	$725.18	$560.91	+29.3%	CL A	30303M102
XBI	SPDR SERIES TRUST	6,000 (+20.0%)	$946K (+19.6%)	0.8%	$157.68	$111.79	+41.1%	ST STR SP BIOT	78464A870
BE	BLOOM ENERGY CORP	6,000 (+20.0%)	$1.662M (+9.8%)	1.4%	$276.98	$82.51	+235.7%	COM CL A	093712107
EQT	EQT CORP	6,500 (+44.4%)	$316K (+31.9%)	0.3%	$48.56	$56.45	-14.0%	COM	26884L109
WES	WESTERN MIDSTREAM PARTNERS L	9,500 (+11.8%)	$422K (+13.3%)	0.4%	$44.37	$43.82	—	COM UNIT LP INT	958669103
UBER	UBER TECHNOLOGIES INC	4,500 (+12.5%)	$308K (+6.8%)	0.3%	$68.51	$76.53	-10.5%	COM	90353T100

Exited Positions (3)

EXE EXPAND ENERGY CORPORATION 0.2%

Value $228K Shares 2,500 Share Price $91.19 * Est. Cost/Share $106.75 Unrealized @ Report Date -21.2%

DECK DECKERS OUTDOOR CORP 0.2%

Value $223K Shares 2,250 Share Price $99.29 * Est. Cost/Share $93.73 Unrealized @ Report Date -16.6%

NG NOVAGOLD RESOURCES INC 0.1%

Value $104K Shares 17,500 Share Price $5.97 * Est. Cost/Share $9.27 Unrealized @ Report Date -29.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EXE	EXPAND ENERGY CORPORATION	2,500	$228K	0.2%	$91.19 *	$106.75	-21.2%	—	165167735
DECK	DECKERS OUTDOOR CORP	2,250	$223K	0.2%	$99.29 *	$93.73	-16.6%	—	243537107
NG	NOVAGOLD RESOURCES INC	17,500	$104K	0.1%	$5.97 *	$9.27	-29.9%	—	66987E206

Decreased Positions (11)

AAXJ ISHARES TR 1.2%

Value $1.397M (-38.4%) Shares 12,000 (-36.8%) Share Price $116.44 Est. Cost/Share $79.99 Unrealized @ Report Date +45.6%

SPCX SPACE EXPLORATION TECHN CORP 1.5%

Value $1.825M (-31.1%) Shares 12,100 (-21.9%) Share Price $150.86 Est. Cost/Share $138.41 Unrealized @ Report Date +9.0%

AMZN AMAZON COM INC 1.0%

Value $1.246M (-25.3%) Shares 5,000 (-28.6%) Share Price $249.15 Est. Cost/Share $211.28 Unrealized @ Report Date +17.9%

XLK SELECT SECTOR SPDR TR 0.3%

Value $392K (-48.6%) Shares 2,000 (-50.0%) Share Price $195.75 Est. Cost/Share $141.14 Unrealized @ Report Date +38.7%

EPD ENTERPRISE PRODS PARTNERS L 0.3%

Value $320K (-47.2%) Shares 9,000 (-45.5%) Share Price $35.61 Est. Cost/Share $31.44 Unrealized @ Report Date —

FRMI FERMI INC 0.0%

Value $42,100 (-84.7%) Shares 10,000 (-66.7%) Share Price $4.21 Est. Cost/Share $11.63 Unrealized @ Report Date -63.8%

SERV SERVE ROBOTICS INC 0.1%

Value $142K (-39.3%) Shares 30,600 (-14.0%) Share Price $4.65 Est. Cost/Share $8.35 Unrealized @ Report Date -44.3%

MSFT MICROSOFT CORP 1.5%

Value $1.795M (-3.8%) Shares 3,500 (-30.0%) Share Price $512.90 Est. Cost/Share $446.27 Unrealized @ Report Date +14.9%

BSM BLACK STONE MINERALS L P 0.7%

Value $897K (-6.3%) Shares 62,611 (-8.6%) Share Price $14.32 Est. Cost/Share $12.11 Unrealized @ Report Date —

NVDA NVIDIA CORPORATION 1.0%

Value $1.256M (-3.4%) Shares 5,500 (-15.4%) Share Price $228.38 Est. Cost/Share $139.62 Unrealized @ Report Date +63.6%

SLV ISHARES SILVER TR 0.2%

Value $273K (-7.3%) Shares 5,000 (-9.1%) Share Price $54.51 Est. Cost/Share $66.30 Unrealized @ Report Date -17.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AAXJ	ISHARES TR	12,000 (-36.8%)	$1.397M (-38.4%)	1.2%	$116.44	$79.99	+45.6%	MSCI AC ASIA ETF	464288182
SPCX	SPACE EXPLORATION TECHN CORP	12,100 (-21.9%)	$1.825M (-31.1%)	1.5%	$150.86	$138.41	+9.0%	PUT	84615Q103
AMZN	AMAZON COM INC	5,000 (-28.6%)	$1.246M (-25.3%)	1.0%	$249.15	$211.28	+17.9%	COM	023135106
XLK	SELECT SECTOR SPDR TR	2,000 (-50.0%)	$392K (-48.6%)	0.3%	$195.75	$141.14	+38.7%	ST STR TECHN ETF	81369Y803
EPD	ENTERPRISE PRODS PARTNERS L	9,000 (-45.5%)	$320K (-47.2%)	0.3%	$35.61	$31.44	—	COM	293792107
FRMI	FERMI INC	10,000 (-66.7%)	$42,100 (-84.7%)	0.0%	$4.21	$11.63	-63.8%	COM	314911108
SERV	SERVE ROBOTICS INC	30,600 (-14.0%)	$142K (-39.3%)	0.1%	$4.65	$8.35	-44.3%	COM	81758H106
MSFT	MICROSOFT CORP	3,500 (-30.0%)	$1.795M (-3.8%)	1.5%	$512.90	$446.27	+14.9%	COM	594918104
BSM	BLACK STONE MINERALS L P	62,611 (-8.6%)	$897K (-6.3%)	0.7%	$14.32	$12.11	—	COM UNIT	09225M101
NVDA	NVIDIA CORPORATION	5,500 (-15.4%)	$1.256M (-3.4%)	1.0%	$228.38	$139.62	+63.6%	COM	67066G104
SLV	ISHARES SILVER TR	5,000 (-9.1%)	$273K (-7.3%)	0.2%	$54.51	$66.30	-17.8%	ISHARES	46428Q109

Unchanged Positions (13)

GLD SPDR GOLD TR 9.5%

Value $11.43M Shares 30,000 Share Price $380.84 Est. Cost/Share $276.17 Unrealized @ Report Date +37.9%

IBIT ISHARES BITCOIN TRUST ETF 0.9%

Value $1.027M Shares 21,700 Share Price $47.34 Est. Cost/Share $40.68 Unrealized @ Report Date +16.4%

RSVR RESERVOIR MEDIA INC 4.0%

Value $4.852M Shares 511,834 Share Price $9.48 Est. Cost/Share $7.88 Unrealized @ Report Date +20.4%

SPHR SPHERE ENTERTAINMENT CO 0.2%

Value $269K Shares 2,000 Share Price $134.44 Est. Cost/Share $104.61 Unrealized @ Report Date +28.5%

ITA ISHARES TR 0.3%

Value $311K Shares 1,500 Share Price $207.18 Est. Cost/Share $141.02 Unrealized @ Report Date +46.9%

GDX VANECK ETF TRUST 0.3%

Value $351K Shares 4,000 Share Price $87.80 Est. Cost/Share $53.01 Unrealized @ Report Date +65.6%

GOOGL ALPHABET INC 0.6%

Value $688K Shares 2,000 Share Price $344.08 Est. Cost/Share $314.25 Unrealized @ Report Date +9.5%

ET ENERGY TRANSFER L P 0.4%

Value $474K Shares 24,000 Share Price $19.77 Est. Cost/Share $16.49 Unrealized @ Report Date —

ACWI ISHARES TR 0.3%

Value $318K Shares 2,000 Share Price $158.76 Est. Cost/Share $132.83 Unrealized @ Report Date +19.5%

JPM JPMORGAN CHASE & CO 0.3%

Value $331K Shares 1,000 Share Price $330.83 Est. Cost/Share $279.63 Unrealized @ Report Date +18.3%

— KAYNE ANDERSON ENERGY INFRST 0.2%

Value $205K Shares 15,086 Share Price $13.60 Est. Cost/Share $12.38 Unrealized @ Report Date —

QQQ INVESCO QQQ TR 0.6%

Value $740K Shares 1,000 Share Price $739.77 Est. Cost/Share $438.38 Unrealized @ Report Date +68.7%

MSGS MADISON SQUARE GRDN SPRT COR 0.2%

Value $243K Shares 600 Share Price $405.21 * Est. Cost/Share $470.29 Unrealized @ Report Date +14.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GLD	SPDR GOLD TR	30,000	$11.43M	9.5%	$380.84	$276.17	+37.9%	GOLD SHS	78463V107
IBIT	ISHARES BITCOIN TRUST ETF	21,700	$1.027M	0.9%	$47.34	$40.68	+16.4%	SHS BEN INT	46438F101
RSVR	RESERVOIR MEDIA INC	511,834	$4.852M	4.0%	$9.48	$7.88	+20.4%	COM	76119X105
SPHR	SPHERE ENTERTAINMENT CO	2,000	$269K	0.2%	$134.44	$104.61	+28.5%	CL A	55826T102
ITA	ISHARES TR	1,500	$311K	0.3%	$207.18	$141.02	+46.9%	US AER DEF ETF	464288760
GDX	VANECK ETF TRUST	4,000	$351K	0.3%	$87.80	$53.01	+65.6%	GOLD MINERS ETF	92189F106
GOOGL	ALPHABET INC	2,000	$688K	0.6%	$344.08	$314.25	+9.5%	CAP STK CL A	02079K305
ET	ENERGY TRANSFER L P	24,000	$474K	0.4%	$19.77	$16.49	—	COM UT LTD PTN	29273V100
ACWI	ISHARES TR	2,000	$318K	0.3%	$158.76	$132.83	+19.5%	MSCI ACWI ETF	464288257
JPM	JPMORGAN CHASE & CO	1,000	$331K	0.3%	$330.83	$279.63	+18.3%	COM	46625H100
—	KAYNE ANDERSON ENERGY INFRST	15,086	$205K	0.2%	$13.60	$12.38	—	COM	486606106
QQQ	INVESCO QQQ TR	1,000	$740K	0.6%	$739.77	$438.38	+68.7%	UNIT SER 1	46090E103
MSGS	MADISON SQUARE GRDN SPRT COR	600	$243K	0.2%	$405.21 *	$470.29	+14.4%	CL A	55825T103