Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EWZ	ISHARES INC	2,000,000	$76.78M	4.3%	$38.39	—	CALL	464286400
EWZ	ISHARES INC	1,860,000	$71.41M	4.0%	$38.39	—	—	464286400
BDX	BECTON DICKINSON & CO	225,000	$35.38M	2.0%	$167.83	0.0%	—	075887109
KWEB	KRANESHARES TRUST	900,000	$25.59M	1.4%	$28.43	—	—	500767306
NOC	NORTHROP GRUMMAN CORP	21,500	$14.67M	0.8%	$673.66	0.0%	—	666807102
WAT	WATERS CORP	19,489	$5.804M	0.3%	$367.10	0.0%	—	941848103
KORU	DIREXION SHARES ETF TRUST	12,552	$3.566M	0.2%	$284.10	—	—	25461A387
EWY	ISHARES INC	9,000	$1.107M	0.1%	$123.00	—	—	464286772

Increased Positions (5)

NU NU HLDGS LTD 5.0%

Value $89.11M (+141.8%) Shares 6,201,400 (+181.7%) Est. Cost $15.78 Unrealized +9.8%

LLY ELI LILLY & CO 4.1%

Value $73.52M (+180.2%) Shares 757,500 (+7.7%) Est. Cost $955.31 Unrealized +9.6%

META META PLATFORMS INC 2.9%

Value $51.49M (+116.7%) Shares 90,000 (+150.0%) Est. Cost $613.30 Unrealized +6.9%

INSM INSMED INC 9.3%

Value $166M (-3.6%) Shares 1,014,000 (+2.6%) Est. Cost $90.76 Unrealized +75.2%

MSFT MICROSOFT CORP 4.2%

Value $74.44M (+4.6%) Shares 201,100 (+36.7%) Est. Cost $443.35 Unrealized -2.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NU	NU HLDGS LTD	6,201,400 (+181.7%)	$89.11M (+141.8%)	5.0%	$15.78	+9.8%	—	G6683N103
LLY	ELI LILLY & CO	757,500 (+7.7%)	$73.52M (+180.2%)	4.1%	$955.31	+9.6%	—	532457108
META	META PLATFORMS INC	90,000 (+150.0%)	$51.49M (+116.7%)	2.9%	$613.30	+6.9%	—	30303M102
INSM	INSMED INC	1,014,000 (+2.6%)	$166M (-3.6%)	9.3%	$90.76	+75.2%	—	457669307
MSFT	MICROSOFT CORP	201,100 (+36.7%)	$74.44M (+4.6%)	4.2%	$443.35	-2.0%	—	594918104

Exited Positions (13)

AMZN AMAZON COM INC 6.2%

Value $111M Shares 480,000 Est. Cost $227.91 Unrealized -0.5%

MELI MERCADOLIBRE INC 4.8%

Value $86.01M Shares 42,700 Est. Cost $1947.25 Unrealized +6.1%

ASHR DBX ETF TR 4.6%

Value $82.13M Shares 2,500,000 Est. Cost — Unrealized —

FCX FREEPORT-MCMORAN INC 2.8%

Value $50.75M Shares 999,300 Est. Cost — Unrealized —

MELI MERCADOLIBRE INC 2.8%

Value $49.95M Shares 24,800 Est. Cost $1947.25 Unrealized +6.1%

AVGO BROADCOM INC 1.6%

Value $28.03M Shares 81,000 Est. Cost $357.00 Unrealized -6.4%

FLR FLUOR CORP NEW 1.1%

Value $19.82M Shares 500,000 Est. Cost $44.24 Unrealized +5.8%

YPF YPF SOCIEDAD ANONIMA 1.0%

Value $18.09M Shares 500,400 Est. Cost $26.54 Unrealized —

NTRA NATERA INC 0.9%

Value $15.51M Shares 67,700 Est. Cost $127.00 Unrealized +77.9%

WDAY WORKDAY INC 0.5%

Value $9.665M Shares 45,000 Est. Cost $166.31 Unrealized +3.8%

YPF YPF SOCIEDAD ANONIMA 0.5%

Value $8.189M Shares 226,475 Est. Cost $26.54 Unrealized —

PYPL PAYPAL HLDGS INC 0.2%

Value $4.104M Shares 70,300 Est. Cost — Unrealized —

NET CLOUDFLARE INC 0.2%

Value $3.549M Shares 18,000 Est. Cost $86.81 Unrealized +110.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	480,000	$111M	6.2%	$227.91	-0.5%	CALL	023135106
MELI	MERCADOLIBRE INC	42,700	$86.01M	4.8%	$1947.25	+6.1%	—	58733R102
ASHR	DBX ETF TR	2,500,000	$82.13M	4.6%	—	—	CALL	233051879
FCX	FREEPORT-MCMORAN INC	999,300	$50.75M	2.8%	—	—	CALL	35671D857
MELI	MERCADOLIBRE INC	24,800	$49.95M	2.8%	$1947.25	+6.1%	CALL	58733R102
AVGO	BROADCOM INC	81,000	$28.03M	1.6%	$357.00	-6.4%	—	11135F101
FLR	FLUOR CORP NEW	500,000	$19.82M	1.1%	$44.24	+5.8%	—	343412102
YPF	YPF SOCIEDAD ANONIMA	500,400	$18.09M	1.0%	$26.54	—	CALL	984245100
NTRA	NATERA INC	67,700	$15.51M	0.9%	$127.00	+77.9%	CALL	632307104
WDAY	WORKDAY INC	45,000	$9.665M	0.5%	$166.31	+3.8%	—	98138H101
YPF	YPF SOCIEDAD ANONIMA	226,475	$8.189M	0.5%	$26.54	—	—	984245100
PYPL	PAYPAL HLDGS INC	70,300	$4.104M	0.2%	—	—	CALL	70450Y103
NET	CLOUDFLARE INC	18,000	$3.549M	0.2%	$86.81	+110.1%	—	18915M107

Decreased Positions (7)

NU NU HLDGS LTD 0.8%

Value $14.37M (-87.7%) Shares 1,000,000 (-85.7%) Est. Cost $15.78 Unrealized +9.8%

XLV SELECT SECTOR SPDR TR 0.2%

Value $3.665M (-94.2%) Shares 25,000 (-93.8%) Est. Cost $153.20 Unrealized —

MSFT MICROSOFT CORP 1.9%

Value $33.31M (-61.7%) Shares 90,000 (-50.0%) Est. Cost $443.35 Unrealized -2.0%

QQQ INVESCO QQQ TR 19.9%

Value $355M (-11.9%) Shares 614,700 (-6.2%) Est. Cost $614.31 Unrealized —

SLV ISHARES SILVER TR 0.2%

Value $4.429M (-45.0%) Shares 65,000 (-48.0%) Est. Cost $58.07 Unrealized —

FIGR FIGURE TECHNOLOGY SOLUTIO 0.7%

Value $13.24M (-20.4%) Shares 390,000 (-4.2%) Est. Cost $39.41 Unrealized +25.3%

AZN ASTRAZENECA PLC 0.3%

Value $4.93M (+7.3%) Shares 25,000 (-50.0%) Est. Cost $60.71 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NU	NU HLDGS LTD	1,000,000 (-85.7%)	$14.37M (-87.7%)	0.8%	$15.78	+9.8%	CALL	G6683N103
XLV	SELECT SECTOR SPDR TR	25,000 (-93.8%)	$3.665M (-94.2%)	0.2%	$153.20	—	—	81369Y209
MSFT	MICROSOFT CORP	90,000 (-50.0%)	$33.31M (-61.7%)	1.9%	$443.35	-2.0%	CALL	594918104
QQQ	INVESCO QQQ TR	614,700 (-6.2%)	$355M (-11.9%)	19.9%	$614.31	—	—	46090E103
SLV	ISHARES SILVER TR	65,000 (-48.0%)	$4.429M (-45.0%)	0.2%	$58.07	—	—	46428Q109
FIGR	FIGURE TECHNOLOGY SOLUTIO	390,000 (-4.2%)	$13.24M (-20.4%)	0.7%	$39.41	+25.3%	—	349381103
AZN	ASTRAZENECA PLC	25,000 (-50.0%)	$4.93M (+7.3%)	0.3%	$60.71	—	—	046353108

Unchanged Positions (32)

NTRA NATERA INC 8.6%

Value $153M Shares 762,603 Est. Cost $127.00 Unrealized +77.9%

ARM ARM HOLDINGS PLC 1.8%

Value $31.27M Shares 206,730 Est. Cost $128.77 Unrealized —

IFS INTERCORP FINL SVCS INC 2.9%

Value $51.01M Shares 1,022,210 Est. Cost $40.19 Unrealized +18.9%

MU MICRON TECHNOLOGY INC 2.7%

Value $48.65M Shares 144,000 Est. Cost $48.49 Unrealized +698.2%

TSM TAIWAN SEMICONDUCTOR MFG LTD 2.9%

Value $51.71M Shares 153,000 Est. Cost $303.89 Unrealized —

ORCL ORACLE CORP 0.8%

Value $14.71M Shares 100,000 Est. Cost $238.05 Unrealized -28.8%

STUB STUBHUB HLDGS INC 0.2%

Value $3.12M Shares 500,000 Est. Cost $18.34 Unrealized -34.3%

LMT LOCKHEED MARTIN CORP 0.9%

Value $16.32M Shares 27,000 Est. Cost $448.15 Unrealized +34.1%

GOOG ALPHABET INC 1.8%

Value $31.55M Shares 110,000 Est. Cost $153.56 Unrealized +110.8%

PANW PALO ALTO NETWORKS INC 1.0%

Value $17.64M Shares 110,000 Est. Cost $129.56 Unrealized +32.9%

TEVA TEVA PHARMACEUTICAL INDS LTD 3.5%

Value $62.2M Shares 2,065,000 Est. Cost $17.97 Unrealized —

NAMS NEWAMSTERDAM PHARMA CO NV 1.3%

Value $22.47M Shares 702,000 Est. Cost $36.39 Unrealized -7.3%

AMZN AMAZON COM INC 1.0%

Value $18.12M Shares 87,000 Est. Cost $227.91 Unrealized -0.5%

AAPL APPLE INC 1.4%

Value $24.39M Shares 96,100 Est. Cost $194.33 Unrealized +35.2%

WMT WALMART INC 0.8%

Value $14.91M Shares 120,000 Est. Cost $51.13 Unrealized +138.7%

JPM JPMORGAN CHASE & CO. 0.9%

Value $16.18M Shares 55,000 Est. Cost $81.74 Unrealized +281.0%

INDA ISHARES TR 0.6%

Value $9.836M Shares 210,000 Est. Cost $51.78 Unrealized —

NVDA NVIDIA CORPORATION 1.1%

Value $19.53M Shares 112,000 Est. Cost $126.03 Unrealized +48.1%

CRWD CROWDSTRIKE HLDGS INC 0.3%

Value $5.856M Shares 15,000 Est. Cost $306.18 Unrealized +40.8%

BABA ALIBABA GROUP HLDG LTD 0.3%

Value $5.646M Shares 45,000 Est. Cost $118.40 Unrealized —

GGAL GRUPO FINANCIERO GALICIA S.A 0.3%

Value $4.639M Shares 99,312 Est. Cost $50.98 Unrealized —

COGT COGENT BIOSCIENCES INC 0.5%

Value $9.302M Shares 241,671 Est. Cost $28.11 Unrealized +32.9%

ETHA ISHARES ETHEREUM TR 0.1%

Value $1.567M Shares 99,000 Est. Cost $22.43 Unrealized —

RTX RTX CORPORATION 0.7%

Value $12.15M Shares 63,000 Est. Cost $154.28 Unrealized +27.4%

TSLA TESLA INC 0.1%

Value $1.487M Shares 4,000 Est. Cost $279.84 Unrealized +52.2%

GLD SPDR GOLD TR 0.1%

Value $2.151M Shares 5,000 Est. Cost $191.20 Unrealized —

BBAR BANCO BBVA ARGENTINA S A 0.1%

Value $1.012M Shares 63,000 Est. Cost $18.13 Unrealized —

ALLO ALLOGENE THERAPEUTICS INC 0.0%

Value $244K Shares 100,000 Est. Cost $1.33 Unrealized +30.7%

SMH VANECK ETF TRUST 0.1%

Value $1.15M Shares 3,000 Est. Cost $278.70 Unrealized —

TMUS T-MOBILE US INC 0.1%

Value $1.68M Shares 8,000 Est. Cost $107.14 Unrealized +86.9%

RSP INVESCO EXCHANGE TRADED FD T 0.6%

Value $10.36M Shares 54,000 Est. Cost $191.56 Unrealized —

ARGT GLOBAL X FDS 0.0%

Value $831K Shares 8,900 Est. Cost $66.29 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NTRA	NATERA INC	762,603	$153M	8.6%	$127.00	+77.9%	—	632307104
ARM	ARM HOLDINGS PLC	206,730	$31.27M	1.8%	$128.77	—	—	042068205
IFS	INTERCORP FINL SVCS INC	1,022,210	$51.01M	2.9%	$40.19	+18.9%	—	P5626F128
MU	MICRON TECHNOLOGY INC	144,000	$48.65M	2.7%	$48.49	+698.2%	—	595112103
TSM	TAIWAN SEMICONDUCTOR MFG LTD	153,000	$51.71M	2.9%	$303.89	—	—	874039100
ORCL	ORACLE CORP	100,000	$14.71M	0.8%	$238.05	-28.8%	—	68389X105
STUB	STUBHUB HLDGS INC	500,000	$3.12M	0.2%	$18.34	-34.3%	—	86384P109
LMT	LOCKHEED MARTIN CORP	27,000	$16.32M	0.9%	$448.15	+34.1%	—	539830109
GOOG	ALPHABET INC	110,000	$31.55M	1.8%	$153.56	+110.8%	—	02079K107
PANW	PALO ALTO NETWORKS INC	110,000	$17.64M	1.0%	$129.56	+32.9%	—	697435105
TEVA	TEVA PHARMACEUTICAL INDS LTD	2,065,000	$62.2M	3.5%	$17.97	—	—	881624209
NAMS	NEWAMSTERDAM PHARMA CO NV	702,000	$22.47M	1.3%	$36.39	-7.3%	—	N62509109
AMZN	AMAZON COM INC	87,000	$18.12M	1.0%	$227.91	-0.5%	—	023135106
AAPL	APPLE INC	96,100	$24.39M	1.4%	$194.33	+35.2%	—	037833100
WMT	WALMART INC	120,000	$14.91M	0.8%	$51.13	+138.7%	—	931142103
JPM	JPMORGAN CHASE & CO.	55,000	$16.18M	0.9%	$81.74	+281.0%	—	46625H100
INDA	ISHARES TR	210,000	$9.836M	0.6%	$51.78	—	—	46429B598
NVDA	NVIDIA CORPORATION	112,000	$19.53M	1.1%	$126.03	+48.1%	—	67066G104
CRWD	CROWDSTRIKE HLDGS INC	15,000	$5.856M	0.3%	$306.18	+40.8%	—	22788C105
BABA	ALIBABA GROUP HLDG LTD	45,000	$5.646M	0.3%	$118.40	—	—	01609W102
GGAL	GRUPO FINANCIERO GALICIA S.A	99,312	$4.639M	0.3%	$50.98	—	—	399909100
COGT	COGENT BIOSCIENCES INC	241,671	$9.302M	0.5%	$28.11	+32.9%	—	19240Q201
ETHA	ISHARES ETHEREUM TR	99,000	$1.567M	0.1%	$22.43	—	—	46438R105
RTX	RTX CORPORATION	63,000	$12.15M	0.7%	$154.28	+27.4%	—	75513E101
TSLA	TESLA INC	4,000	$1.487M	0.1%	$279.84	+52.2%	—	88160R101
GLD	SPDR GOLD TR	5,000	$2.151M	0.1%	$191.20	—	—	78463V107
BBAR	BANCO BBVA ARGENTINA S A	63,000	$1.012M	0.1%	$18.13	—	—	058934100
ALLO	ALLOGENE THERAPEUTICS INC	100,000	$244K	0.0%	$1.33	+30.7%	—	019770106
SMH	VANECK ETF TRUST	3,000	$1.15M	0.1%	$278.70	—	—	92189F676
TMUS	T-MOBILE US INC	8,000	$1.68M	0.1%	$107.14	+86.9%	—	872590104
RSP	INVESCO EXCHANGE TRADED FD T	54,000	$10.36M	0.6%	$191.56	—	—	46137V357
ARGT	GLOBAL X FDS	8,900	$831K	0.0%	$66.29	—	—	37950E259