Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
U	UNITY SOFTWARE INC	20,016,952	$484M	8.4%	$24.20 *	$22.42	-1.8%	COM	91332U101
WDC	WESTERN DIGITAL CORP	6,038,091	$386M	6.7%	$63.99 *	$40.19	+18.1%	COM	958102105
STX	SEAGATE TECHNOLOGY HLDNGS PL	2,348,006	$339M	5.8%	$144.33 *	$65.01	+57.6%	ORD SHS	G7997R103
HPE	HEWLETT PACKARD ENTERPRISE C	15,896,242	$325M	5.6%	$20.45 *	$17.19	-4.2%	COM	42824C109
MU	MICRON TECHNOLOGY INC	2,578,100	$318M	5.5%	$123.25 *	$93.22	0.0%	COM	595112103
WBD	WARNER BROS DISCOVERY INC	21,328,000	$244M	4.2%	$11.46 *	$8.21	+13.6%	COM SER A	934423104
NBIS	NEBIUS GROUP N.V.	3,937,200	$218M	3.8%	$55.33 *	$27.50	+25.2%	SHS CLASS A	N97284108
SNDK	SANDISK CORP	4,738,618	$215M	3.7%	$45.35 *	$49.32	-22.5%	COM	80004C200
NOK	NOKIA CORP	38,528,355	$200M	3.4%	$5.18	$4.36	—	SPONSORED ADR	654902204
CSCO	CISCO SYS INC	2,682,470	$186M	3.2%	$69.38 *	$45.51	+32.7%	COM	17275R102
—	PARAMOUNT GLOBAL	13,723,323	$177M	3.1%	$12.90	$10.69	—	CLASS B COM	92556H206
NEM	NEWMONT CORP	2,815,000	$164M	2.8%	$58.26 *	$43.26	+22.3%	COM	651639106
B	BARRICK MNG CORP	7,279,000	$152M	2.6%	$20.82 *	$19.29	0.0%	COM SHS	06849F108
GLW	CORNING INC	2,878,000	$151M	2.6%	$52.59 *	$40.86	+13.3%	COM	219350105
COIN	COINBASE GLOBAL INC	420,780	$147M	2.5%	$350.49 *	$233.78	0.0%	COM CL A	19260Q107
EQT	EQT CORP	2,493,688	$145M	2.5%	$58.32 *	$40.82	+31.3%	COM	26884L109
TEVA	TEVA PHARMACEUTICAL INDS LTD	8,289,998	$139M	2.4%	$16.76	$9.84	—	SPONSORED ADS	881624209
PAAS	PAN AMERN SILVER CORP	4,717,000	$134M	2.3%	$28.40 *	$16.80	+54.0%	COM	697900108
IP	INTERNATIONAL PAPER CO	2,814,200	$132M	2.3%	$46.83	$51.87	-11.3%	COM	460146103
EXE	EXPAND ENERGY CORPORATION	1,117,814	$131M	2.3%	$116.94 *	$86.36	+26.3%	COM	165167735
AER	AERCAP HOLDINGS NV	1,111,412	$130M	2.2%	$117.00 *	$63.06	+70.9%	SHS	N00985106
GDX	VANECK ETF TRUST	2,364,000	$123M	2.1%	$52.06	$52.06	—	GOLD MINERS ETF	92189F106
GEV	GE VERNOVA INC	225,798	$119M	2.1%	$529.15 *	$154.92	+168.5%	COM	36828A101
CLF	CLEVELAND-CLIFFS INC NEW	15,716,445	$119M	2.1%	$7.60 *	$13.33	-44.2%	COM	185899101
TECK	TECK RESOURCES LTD	2,708,533	$109M	1.9%	$40.38 *	$35.72	+1.1%	CL B	878742204
AMD	ADVANCED MICRO DEVICES INC	763,824	$108M	1.9%	$141.90 *	$110.72	-1.7%	COM	007903107
GE	GE AEROSPACE	421,000	$108M	1.9%	$257.39 *	$88.63	+146.6%	COM NEW	369604301
UAL	UNITED AIRLS HLDGS INC	1,153,272	$91.84M	1.6%	$79.63 *	$47.90	+53.8%	COM	910047109
DAL	DELTA AIR LINES INC DEL	1,762,898	$86.7M	1.5%	$49.18 *	$46.65	-2.3%	COM NEW	247361702
ARWR	ARROWHEAD PHARMACEUTICALS IN	5,232,000	$82.67M	1.4%	$15.80 *	$28.77	-50.1%	COM	04280A100
AAL	AMERICAN AIRLS GROUP INC	7,054,594	$79.15M	1.4%	$11.22 *	$12.01	-10.9%	COM	02376R102
STNE	STONECO LTD	4,193,541	$67.26M	1.2%	$16.04	$12.55	—	COM CL A	G85158106
AR	ANTERO RESOURCES CORP	1,148,359	$46.26M	0.8%	$40.28 *	$32.30	+17.2%	COM	03674X106
INTC	INTEL CORP	1,592,000	$35.66M	0.6%	$22.40 *	$20.72	0.0%	COM	458140100
AL	AIR LEASE CORP	394,600	$23.08M	0.4%	$58.49 *	$41.90	+23.0%	CL A	00912X302
NYT	NEW YORK TIMES CO	345,239	$19.33M	0.3%	$55.98 *	$35.57	+47.7%	CL A	650111107
TVRD	TVARDI THERAPEUTICS INC	704,118	$16.43M	0.3%	$23.33	$23.65	0.0%	COM	140755307
SBSW	SIBANYE STILLWATER LTD	1,919,000	$13.86M	0.2%	$7.22	$7.22	—	SPONSORED ADR	82575P107
NXT	NEXTRACKER INC	238,900	$12.99M	0.2%	$54.37 *	$44.46	+12.8%	CLASS A COM	65290E101
SW	SMURFIT WESTROCK PLC	257,400	$11.11M	0.2%	$43.15 *	$49.47	-14.8%	SHS	G8267P108
NAMS	NEWAMSTERDAM PHARMA COMPANY	319,000	$5.777M	0.1%	$18.11	$21.24	-14.1%	ORDINARY SHARES	N62509109
LAB	STANDARD BIOTOOLS INC	1,615,000	$1.938M	0.0%	$1.20 *	$2.41	-54.1%	COM	34385P108
AUROW	AURORA INNOVATION INC	437,500	$381K	0.0%	$0.87	$3.11	—	*W EXP 11/03/202	051774115