Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX	40,500	$3.894M	3.7%	—	—	COM	64110L106
DY	DYCOM INDUSTRIES	6,500	$2.202M	2.1%	—	—	COM	267475101
LOW	LOWE'S COMPANIES	6,500	$1.536M	1.5%	—	—	COM	548661107
—	SHOPIFY CL A SUB VTG	8,500	$1.008M	1.0%	—	—	COM	CA82509L1
T	AT&T	32,000	$928K	0.9%	—	—	COM	00206R102
CORZ	CORE SCIENTIFIC	49,000	$733K	0.7%	—	—	COM	21874A106
SNOW	SNOWFLAKE	4,600	$694K	0.7%	—	—	COM	833445109
HOOD	ROBINHOOD MARKETS CL A	7,500	$520K	0.5%	—	—	COM	770700102

Increased Positions (5)

LUMN Lumen Technologies Inc 2.0%

Value $2.105M (+201.6%) Shares 302,816 (+237.2%) Est. Cost — Unrealized —

— Amazon.com Inc 6.3%

Value $6.602M (+22.2%) Shares 31,700 (+35.5%) Est. Cost — Unrealized —

— Datadog Inc 5.2%

Value $5.455M (+17.8%) Shares 5,625,000 (+21.6%) Est. Cost — Unrealized —

SATS EchoStar Corp 5.5%

Value $5.795M (+11.1%) Shares 49,500 (+3.1%) Est. Cost — Unrealized —

ZS Zscaler Inc 0.7%

Value $730K (-26.3%) Shares 5,200 (+18.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LUMN	Lumen Technologies Inc	302,816 (+237.2%)	$2.105M (+201.6%)	2.0%	—	—	COM	550241103
—	Amazon.com Inc	31,700 (+35.5%)	$6.602M (+22.2%)	6.3%	—	—	COM	231351067
—	Datadog Inc	5,625,000 (+21.6%)	$5.455M (+17.8%)	5.2%	—	—	Convertible Bond	23804LAD5
SATS	EchoStar Corp	49,500 (+3.1%)	$5.795M (+11.1%)	5.5%	—	—	COM	278768106
ZS	Zscaler Inc	5,200 (+18.2%)	$730K (-26.3%)	0.7%	—	—	COM	98980G102

Exited Positions (9)

MSFT Microsoft Corp 6.9%

Value $7.206M Shares 14,900 Est. Cost — Unrealized —

— Guidewire Software Inc 6.8%

Value $7.163M Shares 6,500,000 Est. Cost — Unrealized —

IBM International Business Machines Corp 3.7%

Value $3.94M Shares 13,300 Est. Cost — Unrealized —

CCO Clear Channel Outdoor Holdings Inc 3.3%

Value $3.47M Shares 1,570,000 Est. Cost — Unrealized —

— Nutanix Inc 2.3%

Value $2.439M Shares 2,527,000 Est. Cost — Unrealized —

DBRG DigitalBridge Group Inc 2.3%

Value $2.372M Shares 154,647 Est. Cost — Unrealized —

NXST Nexstar Media Group Inc 2.2%

Value $2.315M Shares 11,400 Est. Cost — Unrealized —

— Coinbase Global Inc 2.0%

Value $2.075M Shares 2,000,000 Est. Cost — Unrealized —

NTNX Nutanix Inc 1.7%

Value $1.757M Shares 34,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corp	14,900	$7.206M	6.9%	—	—	—	594918104
—	Guidewire Software Inc	6,500,000	$7.163M	6.8%	—	—	—	40171VAC4
IBM	International Business Machines Corp	13,300	$3.94M	3.7%	—	—	—	459200101
CCO	Clear Channel Outdoor Holdings Inc	1,570,000	$3.47M	3.3%	—	—	—	18453H106
—	Nutanix Inc	2,527,000	$2.439M	2.3%	—	—	—	67059NAK4
DBRG	DigitalBridge Group Inc	154,647	$2.372M	2.3%	—	—	—	25401T603
NXST	Nexstar Media Group Inc	11,400	$2.315M	2.2%	—	—	—	65336K103
—	Coinbase Global Inc	2,000,000	$2.075M	2.0%	—	—	—	19260QAF4
NTNX	Nutanix Inc	34,000	$1.757M	1.7%	—	—	—	67059N108

Decreased Positions (11)

— Live Nation Entertainment Inc 5.5%

Value $5.809M (-71.7%) Shares 5,375,000 (-72.3%) Est. Cost — Unrealized —

MA Mastercard Inc 2.5%

Value $2.648M (-54.3%) Shares 5,300 (-47.8%) Est. Cost — Unrealized —

BX Blackstone Inc 3.3%

Value $3.519M (-40.9%) Shares 30,600 (-20.7%) Est. Cost — Unrealized —

DASH DoorDash Inc 1.4%

Value $1.426M (-54.0%) Shares 9,500 (-30.7%) Est. Cost — Unrealized —

HLT Hilton Worldwide Holdings Inc 2.1%

Value $2.205M (-35.2%) Shares 7,250 (-38.8%) Est. Cost — Unrealized —

SPOT Spotify Technology SA 1.9%

Value $1.988M (-36.6%) Shares 4,100 (-24.1%) Est. Cost — Unrealized —

META Meta Platforms Inc 2.2%

Value $2.346M (-31.7%) Shares 4,100 (-21.2%) Est. Cost — Unrealized —

HD Home Depot Inc 2.0%

Value $2.088M (-30.6%) Shares 6,350 (-27.4%) Est. Cost — Unrealized —

NOW ServiceNow Inc 1.2%

Value $1.302M (-40.4%) Shares 12,450 (-12.6%) Est. Cost — Unrealized —

NCLH Norwegian Cruise Line Holdings Ltd 1.2%

Value $1.227M (-27.3%) Shares 65,600 (-13.2%) Est. Cost — Unrealized —

TDS Telephone and Data Systems Inc 4.6%

Value $4.841M (-1.6%) Shares 115,000 (-4.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Live Nation Entertainment Inc	5,375,000 (-72.3%)	$5.809M (-71.7%)	5.5%	—	—	Convertible Bond	538034BC2
MA	Mastercard Inc	5,300 (-47.8%)	$2.648M (-54.3%)	2.5%	—	—	COM	57636Q104
BX	Blackstone Inc	30,600 (-20.7%)	$3.519M (-40.9%)	3.3%	—	—	COM	09260D107
DASH	DoorDash Inc	9,500 (-30.7%)	$1.426M (-54.0%)	1.4%	—	—	COM	25809K105
HLT	Hilton Worldwide Holdings Inc	7,250 (-38.8%)	$2.205M (-35.2%)	2.1%	—	—	COM	43300A203
SPOT	Spotify Technology SA	4,100 (-24.1%)	$1.988M (-36.6%)	1.9%	—	—	COM	L8681T102
META	Meta Platforms Inc	4,100 (-21.2%)	$2.346M (-31.7%)	2.2%	—	—	COM	30303M102
HD	Home Depot Inc	6,350 (-27.4%)	$2.088M (-30.6%)	2.0%	—	—	COM	437076102
NOW	ServiceNow Inc	12,450 (-12.6%)	$1.302M (-40.4%)	1.2%	—	—	COM	81762P102
NCLH	Norwegian Cruise Line Holdings Ltd	65,600 (-13.2%)	$1.227M (-27.3%)	1.2%	—	—	COM	G66721104
TDS	Telephone and Data Systems Inc	115,000 (-4.2%)	$4.841M (-1.6%)	4.6%	—	—	COM	879433829

Unchanged Positions (5)

— Uniti Group Inc 31.8%

Value $33.38M Shares 28,253,000 Est. Cost — Unrealized —

UNIT Uniti Group Inc 7.0%

Value $7.334M Shares 781,907 Est. Cost — Unrealized —

ORCL Oracle Corp 1.3%

Value $1.398M Shares 9,500 Est. Cost — Unrealized —

— Strategy Inc 1.1%

Value $1.131M Shares 16,000 Est. Cost — Unrealized —

OPTU Optimum Communications Inc 0.2%

Value $260K Shares 200,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Uniti Group Inc	28,253,000	$33.38M	31.8%	—	—	Convertible Bond	91325VAB4
UNIT	Uniti Group Inc	781,907	$7.334M	7.0%	—	—	COM	912932100
ORCL	Oracle Corp	9,500	$1.398M	1.3%	—	—	COM	68389X105
—	Strategy Inc	16,000	$1.131M	1.1%	—	—	COM	594972887
OPTU	Optimum Communications Inc	200,000	$260K	0.2%	—	—	COM	02156K103