Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MDALF	MDA SPACE LTD	1,932,161	$48.92M	0.6%	$25.60	0.0%	COM	55293N109
LASR	NLIGHT INC	786,285	$44.83M	0.5%	$47.72	0.0%	COM	65487K100
LOB	LIVE OAK BANCSHARES INC	1,193,114	$39.46M	0.5%	$38.93	0.0%	COM	53803X105
INTC	INTEL CORP	521,122	$23M	0.3%	$46.43	0.0%	COM	458140100
LGN	LEGENCE CORP	199,102	$11.24M	0.1%	$48.81	0.0%	CL A	52476L109
KRYS	KRYSTAL BIOTECH INC	40,128	$10.37M	0.1%	$272.40	0.0%	COM	501147102
ALNT	ALLIENT INC	171,857	$10.16M	0.1%	$62.86	0.0%	COM	019330109
CME	CME GROUP INC	23,148	$6.837M	0.1%	$289.33	0.0%	COM	12572Q105
MCD	MCDONALDS CORP	21,757	$6.762M	0.1%	$317.25	0.0%	COM	580135101
CTMX	CYTOMX THERAPEUTICS INC.	1,120,309	$5.265M	0.1%	$5.23	0.0%	COM	23284F105
VRT	VERTIV HOLDINGS CO	19,355	$4.85M	0.1%	$199.85	0.0%	COM CL A	92537N108
IAUX	I-80 GOLD CORP	3,138,545	$4.771M	0.1%	$1.76	0.0%	COM	44955L106
EWY	ISHARES INC	33,383	$4.106M	0.0%	$123.01	—	MSCI STH KOR ETF	464286772
JHX	JAMES HARDIE INDS PLC	208,757	$3.954M	0.0%	$23.75	0.0%	ORD SHS	G4253H101
WTTR	SELECT WATER SOLUTIONS INC	194,647	$2.978M	0.0%	$15.30	—	CL A COM	81617J301
HUT	HUT 8 CORP	61,396	$2.88M	0.0%	$56.58	0.0%	COM	44812J104
CRCL	CIRCLE INTERNET GROUP INC	24,616	$2.349M	0.0%	$69.72	0.0%	COM CL A	172573107
KRMN	KARMAN HLDGS INC	28,537	$2.284M	0.0%	$96.11	0.0%	COMMON STOCK	485924104
CNL	COLLECTIVE MINING LTD	121,116	$2.133M	0.0%	$16.59	0.0%	COM	19425C100
RIG	TRANSOCEAN LTD	319,345	$2.117M	0.0%	$5.16	0.0%	REGISTERED SHS	H8817H100
Q	QNITY ELECTRONICS INC	16,968	$1.958M	0.0%	$101.21	0.0%	COMMON STOCK	74743L100
MTUS	METALLUS INC	102,199	$1.67M	0.0%	$19.72	0.0%	COM	887399103
CPA	COPA HOLDINGS SA	12,535	$1.424M	0.0%	$138.88	0.0%	CL A	P31076105
ASO	ACADEMY SPORTS & OUTDOORS IN	23,183	$1.309M	0.0%	$57.36	0.0%	COM	00402L107
PRLB	PROTO LABS INC	21,267	$1.213M	0.0%	$58.00	0.0%	COM	743713109
EVER	EVERQUOTE INC	74,422	$1.148M	0.0%	$20.67	0.0%	COM CL A	30041R108
ERAS	ERASCA INC	56,597	$916K	0.0%	$10.02	0.0%	COM	29479A108
BIIB	BIOGEN INC	4,558	$836K	0.0%	$183.25	0.0%	COM	09062X103
REAL	THE REALREAL INC	51,228	$465K	0.0%	$14.23	0.0%	COM	88339P101
BFLY	BUTTERFLY NETWORK INC	92,902	$375K	0.0%	$3.81	0.0%	COM CL A	124155102
ALGM	ALLEGRO MICROSYSTEMS INC	9,494	$299K	0.0%	$35.79	0.0%	COM	01749D105
BATRK	ATLANTA BRAVES HLDGS INC	5,873	$251K	0.0%	$40.61	0.0%	COM SER C	047726302
ONDS	ONDAS INC	25,670	$232K	0.0%	$11.33	0.0%	COM NEW	68236H204
GMTL	GUARDIAN METAL RES PLC	12,601	$220K	0.0%	$17.48	—	SPONSORED ADS	401382106
OFRM	ONCE UPON A FARM PBC	12,912	$211K	0.0%	$16.35	—	COM	68237F108

Increased Positions (48)

ENPH ENPHASE ENERGY INC 1.0%

Value $81.16M (+7603.0%) Shares 2,146,391 (+6429.5%) Est. Cost $40.75 Unrealized +1.2%

SATS ECHOSTAR CORP 1.6%

Value $137M (+36.0%) Shares 1,173,977 (+26.3%) Est. Cost $66.82 Unrealized +74.2%

ESLT ELBIT SYS LTD 1.1%

Value $94.83M (+53.2%) Shares 111,684 (+4.3%) Est. Cost $338.52 Unrealized +106.7%

ARM ARM HOLDINGS PLC 0.7%

Value $61.76M (+54.1%) Shares 408,257 (+11.3%) Est. Cost $123.15 Unrealized —

NET CLOUDFLARE INC 4.4%

Value $367M (+6.1%) Shares 1,778,168 (+1.4%) Est. Cost $27.75 Unrealized +557.2%

TBN TAMBORAN RES CORP 0.5%

Value $42.04M (+94.3%) Shares 841,063 (+5.8%) Est. Cost $23.99 Unrealized +17.6%

GLW CORNING INC 0.2%

Value $16.99M (+997.3%) Shares 124,940 (+606.6%) Est. Cost $103.30 Unrealized +8.1%

MELI MERCADOLIBRE INC 1.2%

Value $96.05M (-12.9%) Shares 55,552 (+1.4%) Est. Cost $708.28 Unrealized +191.8%

HOOD ROBINHOOD MKTS INC 1.2%

Value $100M (+14.7%) Shares 1,447,235 (+87.2%) Est. Cost $92.36 Unrealized +3.7%

VIA VIA TRANSN INC 0.3%

Value $23.09M (-35.7%) Shares 1,539,571 (+24.4%) Est. Cost $39.44 Unrealized -43.6%

SEI SOLARIS ENERGY INFRAS INC 0.3%

Value $23.06M (+105.5%) Shares 408,023 (+67.2%) Est. Cost $37.65 Unrealized +40.9%

NKTR NEKTAR THERAPEUTICS 0.2%

Value $19.55M (+122.0%) Shares 271,758 (+30.5%) Est. Cost $34.50 Unrealized +40.1%

BE BLOOM ENERGY CORP 0.1%

Value $11.05M (+2951.4%) Shares 81,583 (+1856.9%) Est. Cost $142.63 Unrealized +1.4%

ARX ACCELERANT HOLDINGS 0.6%

Value $50.01M (-17.4%) Shares 3,743,364 (+1.1%) Est. Cost $23.31 Unrealized -43.7%

AAPL APPLE INC 0.2%

Value $20.06M (+100.8%) Shares 79,040 (+115.1%) Est. Cost $191.30 Unrealized +37.4%

AEHR AEHR TEST SYS 0.2%

Value $16.47M (+156.6%) Shares 444,296 (+39.7%) Est. Cost $23.48 Unrealized +19.5%

PL PLANET LABS PBC 0.1%

Value $10.83M (+490.7%) Shares 387,604 (+316.8%) Est. Cost $21.01 Unrealized +15.5%

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.3%

Value $26.88M (+38.0%) Shares 79,525 (+24.1%) Est. Cost $246.58 Unrealized —

DDOG DATADOG INC 0.1%

Value $8.476M (+387.8%) Shares 71,799 (+462.0%) Est. Cost $121.68 Unrealized +1.8%

TBBB BBB FOODS INC 1.1%

Value $90.34M (+7.7%) Shares 2,554,224 (+1.7%) Est. Cost $23.36 Unrealized +52.4%

MCO MOODYS CORP 0.1%

Value $9.669M (+134.8%) Shares 22,165 (+174.9%) Est. Cost $488.77 Unrealized +0.2%

TDUP THREDUP INC 0.1%

Value $7.79M (-40.6%) Shares 2,375,124 (+15.7%) Est. Cost $8.35 Unrealized -37.3%

SIBN SI BONE INC 0.2%

Value $13.24M (+62.2%) Shares 1,048,516 (+153.3%) Est. Cost $17.10 Unrealized -1.0%

CRWV COREWEAVE INC 0.1%

Value $4.206M (+513.9%) Shares 54,293 (+467.5%) Est. Cost $93.22 Unrealized -1.9%

NU NU HLDGS LTD 0.1%

Value $10.52M (+45.6%) Shares 732,227 (+69.6%) Est. Cost $15.40 Unrealized +12.6%

WCN WASTE CONNECTIONS INC 0.1%

Value $5.499M (+143.5%) Shares 33,852 (+162.9%) Est. Cost $169.44 Unrealized -1.2%

ESTA ESTABLISHMENT LABS HLDGS INC 0.2%

Value $15.25M (+22.5%) Shares 268,533 (+57.3%) Est. Cost $64.01 Unrealized +9.9%

PLTR PALANTIR TECHNOLOGIES INC 0.5%

Value $40.27M (-6.3%) Shares 275,323 (+13.9%) Est. Cost $37.53 Unrealized +310.8%

GOOG ALPHABET INC 1.4%

Value $120M (-1.6%) Shares 419,748 (+7.7%) Est. Cost $126.05 Unrealized +156.8%

NOW SERVICENOW INC 0.1%

Value $5.582M (-23.8%) Shares 53,389 (+11.7%) Est. Cost $142.85 Unrealized -15.2%

AGI ALAMOS GOLD INC 0.1%

Value $6.951M (+26.0%) Shares 156,457 (+9.4%) Est. Cost $10.37 Unrealized +310.1%

CCOI COGENT COMM HOLDINGS INC 0.1%

Value $9.407M (-11.7%) Shares 499,290 (+1.0%) Est. Cost $33.41 Unrealized -30.3%

FWONK LIBERTY MEDIA CORP DEL 0.1%

Value $8.216M (+16.2%) Shares 96,641 (+34.7%) Est. Cost $75.06 Unrealized —

ACMR ACM RESH INC 0.0%

Value $2.803M (+41.1%) Shares 71,245 (+41.4%) Est. Cost $32.96 Unrealized +73.2%

ASAN ASANA INC 0.0%

Value $636K (-52.6%) Shares 99,343 (+1.6%) Est. Cost $18.83 Unrealized -46.8%

ELF E L F BEAUTY INC 0.0%

Value $3.414M (+20.8%) Shares 56,330 (+51.6%) Est. Cost $75.48 Unrealized +13.5%

BWXT BWX TECHNOLOGIES INC 0.0%

Value $1.862M (+35.0%) Shares 9,107 (+14.1%) Est. Cost $127.10 Unrealized +59.7%

VSCO VICTORIAS SECRET AND CO 0.0%

Value $2.114M (-13.3%) Shares 45,608 (+1.3%) Est. Cost $39.97 Unrealized +50.5%

HEI/A HEICO CORP NEW 0.1%

Value $6.342M (-4.8%) Shares 30,046 (+13.9%) Est. Cost $127.39 Unrealized +103.7%

JOBY JOBY AVIATION INC 0.0%

Value $556K (-32.3%) Shares 67,267 (+8.1%) Est. Cost $8.20 Unrealized +51.0%

PCVX VAXCYTE INC 0.0%

Value $998K (+34.3%) Shares 17,175 (+6.6%) Est. Cost $41.63 Unrealized +26.7%

NUAI NEW ERA ENERGY & DIGITAL INC 0.0%

Value $365K (+133.1%) Shares 89,927 (+68.2%) Est. Cost $4.52 Unrealized +14.9%

IOT SAMSARA INC 0.0%

Value $2.046M (-6.4%) Shares 64,578 (+4.7%) Est. Cost $37.02 Unrealized -19.6%

VRA VERA BRADLEY INC 0.0%

Value $263K (+102.1%) Shares 83,252 (+54.8%) Est. Cost $2.46 Unrealized +10.4%

AMBQ AMBIQ MICRO INC 0.0%

Value $2.784M (+4.2%) Shares 109,577 (+16.9%) Est. Cost $35.74 Unrealized -11.9%

SANA SANA BIOTECHNOLOGY INC 0.0%

Value $276K (-27.9%) Shares 95,796 (+1.8%) Est. Cost $3.65 Unrealized +18.8%

RKLB ROCKET LAB CORP 0.0%

Value $1.519M (-2.6%) Shares 23,656 (+5.8%) Est. Cost $27.46 Unrealized +188.7%

MP MP MATERIALS CORP 0.0%

Value $341K (-2.7%) Shares 7,067 (+1.9%) Est. Cost $62.98 Unrealized -2.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ENPH	ENPHASE ENERGY INC	2,146,391 (+6429.5%)	$81.16M (+7603.0%)	1.0%	$40.75	+1.2%	COM	29355A107
SATS	ECHOSTAR CORP	1,173,977 (+26.3%)	$137M (+36.0%)	1.6%	$66.82	+74.2%	CL A	278768106
ESLT	ELBIT SYS LTD	111,684 (+4.3%)	$94.83M (+53.2%)	1.1%	$338.52	+106.7%	ORD	M3760D101
ARM	ARM HOLDINGS PLC	408,257 (+11.3%)	$61.76M (+54.1%)	0.7%	$123.15	—	SPONSORED ADS	042068205
NET	CLOUDFLARE INC	1,778,168 (+1.4%)	$367M (+6.1%)	4.4%	$27.75	+557.2%	CL A COM	18915M107
TBN	TAMBORAN RES CORP	841,063 (+5.8%)	$42.04M (+94.3%)	0.5%	$23.99	+17.6%	COM	87507T101
GLW	CORNING INC	124,940 (+606.6%)	$16.99M (+997.3%)	0.2%	$103.30	+8.1%	COM	219350105
MELI	MERCADOLIBRE INC	55,552 (+1.4%)	$96.05M (-12.9%)	1.2%	$708.28	+191.8%	COM	58733R102
HOOD	ROBINHOOD MKTS INC	1,447,235 (+87.2%)	$100M (+14.7%)	1.2%	$92.36	+3.7%	COM CL A	770700102
VIA	VIA TRANSN INC	1,539,571 (+24.4%)	$23.09M (-35.7%)	0.3%	$39.44	-43.6%	COM CL A	92556W104
SEI	SOLARIS ENERGY INFRAS INC	408,023 (+67.2%)	$23.06M (+105.5%)	0.3%	$37.65	+40.9%	COM CL A	83418M103
NKTR	NEKTAR THERAPEUTICS	271,758 (+30.5%)	$19.55M (+122.0%)	0.2%	$34.50	+40.1%	COM NEW	640268306
BE	BLOOM ENERGY CORP	81,583 (+1856.9%)	$11.05M (+2951.4%)	0.1%	$142.63	+1.4%	COM CL A	093712107
ARX	ACCELERANT HOLDINGS	3,743,364 (+1.1%)	$50.01M (-17.4%)	0.6%	$23.31	-43.7%	CL A	G00894108
AAPL	APPLE INC	79,040 (+115.1%)	$20.06M (+100.8%)	0.2%	$191.30	+37.4%	COM	037833100
AEHR	AEHR TEST SYS	444,296 (+39.7%)	$16.47M (+156.6%)	0.2%	$23.48	+19.5%	COM	00760J108
PL	PLANET LABS PBC	387,604 (+316.8%)	$10.83M (+490.7%)	0.1%	$21.01	+15.5%	COM CL A	72703X106
TSM	TAIWAN SEMICONDUCTOR MANUFAC	79,525 (+24.1%)	$26.88M (+38.0%)	0.3%	$246.58	—	SPONSORED ADS	874039100
DDOG	DATADOG INC	71,799 (+462.0%)	$8.476M (+387.8%)	0.1%	$121.68	+1.8%	CL A COM	23804L103
TBBB	BBB FOODS INC	2,554,224 (+1.7%)	$90.34M (+7.7%)	1.1%	$23.36	+52.4%	CL A COM	G0896C103
MCO	MOODYS CORP	22,165 (+174.9%)	$9.669M (+134.8%)	0.1%	$488.77	+0.2%	COM	615369105
TDUP	THREDUP INC	2,375,124 (+15.7%)	$7.79M (-40.6%)	0.1%	$8.35	-37.3%	CL A	88556E102
SIBN	SI BONE INC	1,048,516 (+153.3%)	$13.24M (+62.2%)	0.2%	$17.10	-1.0%	COM	825704109
CRWV	COREWEAVE INC	54,293 (+467.5%)	$4.206M (+513.9%)	0.1%	$93.22	-1.9%	COM CL A	21873S108
NU	NU HLDGS LTD	732,227 (+69.6%)	$10.52M (+45.6%)	0.1%	$15.40	+12.6%	ORD SHS CL A	G6683N103
WCN	WASTE CONNECTIONS INC	33,852 (+162.9%)	$5.499M (+143.5%)	0.1%	$169.44	-1.2%	COM	94106B101
ESTA	ESTABLISHMENT LABS HLDGS INC	268,533 (+57.3%)	$15.25M (+22.5%)	0.2%	$64.01	+9.9%	COM	G31249108
PLTR	PALANTIR TECHNOLOGIES INC	275,323 (+13.9%)	$40.27M (-6.3%)	0.5%	$37.53	+310.8%	CL A	69608A108
GOOG	ALPHABET INC	419,748 (+7.7%)	$120M (-1.6%)	1.4%	$126.05	+156.8%	CAP STK CL C	02079K107
NOW	SERVICENOW INC	53,389 (+11.7%)	$5.582M (-23.8%)	0.1%	$142.85	-15.2%	COM	81762P102
AGI	ALAMOS GOLD INC	156,457 (+9.4%)	$6.951M (+26.0%)	0.1%	$10.37	+310.1%	COM CL A	011532108
CCOI	COGENT COMM HOLDINGS INC	499,290 (+1.0%)	$9.407M (-11.7%)	0.1%	$33.41	-30.3%	COM NEW	19239V302
FWONK	LIBERTY MEDIA CORP DEL	96,641 (+34.7%)	$8.216M (+16.2%)	0.1%	$75.06	—	COM LBTY ONE S C	531229755
ACMR	ACM RESH INC	71,245 (+41.4%)	$2.803M (+41.1%)	0.0%	$32.96	+73.2%	COM CL A	00108J109
ASAN	ASANA INC	99,343 (+1.6%)	$636K (-52.6%)	0.0%	$18.83	-46.8%	CL A	04342Y104
ELF	E L F BEAUTY INC	56,330 (+51.6%)	$3.414M (+20.8%)	0.0%	$75.48	+13.5%	COM	26856L103
BWXT	BWX TECHNOLOGIES INC	9,107 (+14.1%)	$1.862M (+35.0%)	0.0%	$127.10	+59.7%	COM	05605H100
VSCO	VICTORIAS SECRET AND CO	45,608 (+1.3%)	$2.114M (-13.3%)	0.0%	$39.97	+50.5%	COMMON STOCK	926400102
HEI/A	HEICO CORP NEW	30,046 (+13.9%)	$6.342M (-4.8%)	0.1%	$127.39	+103.7%	CL A	422806208
JOBY	JOBY AVIATION INC	67,267 (+8.1%)	$556K (-32.3%)	0.0%	$8.20	+51.0%	COMMON STOCK	G65163100
PCVX	VAXCYTE INC	17,175 (+6.6%)	$998K (+34.3%)	0.0%	$41.63	+26.7%	COM	92243G108
NUAI	NEW ERA ENERGY & DIGITAL INC	89,927 (+68.2%)	$365K (+133.1%)	0.0%	$4.52	+14.9%	COM	64428N109
IOT	SAMSARA INC	64,578 (+4.7%)	$2.046M (-6.4%)	0.0%	$37.02	-19.6%	COM CL A	79589L106
VRA	VERA BRADLEY INC	83,252 (+54.8%)	$263K (+102.1%)	0.0%	$2.46	+10.4%	COM	92335C106
AMBQ	AMBIQ MICRO INC	109,577 (+16.9%)	$2.784M (+4.2%)	0.0%	$35.74	-11.9%	COMMON STOCK	023193105
SANA	SANA BIOTECHNOLOGY INC	95,796 (+1.8%)	$276K (-27.9%)	0.0%	$3.65	+18.8%	COM	799566104
RKLB	ROCKET LAB CORP	23,656 (+5.8%)	$1.519M (-2.6%)	0.0%	$27.46	+188.7%	COM	773121108
MP	MP MATERIALS CORP	7,067 (+1.9%)	$341K (-2.7%)	0.0%	$62.98	-2.0%	COM CL A	553368101

Exited Positions (33)

CRWD CROWDSTRIKE HLDGS INC 0.5%

Value $38.28M Shares 81,669 Est. Cost $166.06 Unrealized +159.6%

U UNITY SOFTWARE INC 0.4%

Value $32.3M Shares 731,222 Est. Cost $37.08 Unrealized -11.9%

TWLO TWILIO INC 0.2%

Value $20.32M Shares 142,844 Est. Cost $115.85 Unrealized +5.2%

SNOW SNOWFLAKE INC 0.1%

Value $11.32M Shares 51,600 Est. Cost $176.84 Unrealized +10.0%

ROIV ROIVANT SCIENCES LTD 0.1%

Value $10.48M Shares 483,117 Est. Cost $11.82 Unrealized +104.4%

DEC DIVERSIFIED ENERGY CO 0.1%

Value $5.86M Shares 405,290 Est. Cost $13.84 Unrealized -4.2%

COIN COINBASE GLOBAL INC 0.0%

Value $3.991M Shares 17,649 Est. Cost $65.82 Unrealized +204.7%

GRAL GRAIL INC 0.0%

Value $3.742M Shares 43,722 Est. Cost $66.54 Unrealized +41.8%

NN NEXTNAV INC 0.0%

Value $3.143M Shares 188,866 Est. Cost $12.83 Unrealized +21.3%

FICO FAIR ISAAC CORP 0.0%

Value $3.099M Shares 1,833 Est. Cost $1721.38 Unrealized -14.8%

BNTX BIONTECH SE 0.0%

Value $3.074M Shares 32,287 Est. Cost $139.22 Unrealized —

CWH CAMPING WORLD HLDGS INC 0.0%

Value $3.036M Shares 312,049 Est. Cost $19.33 Unrealized -36.1%

RACE FERRARI N V 0.0%

Value $2.788M Shares 7,544 Est. Cost $450.38 Unrealized -20.8%

KLAR KLARNA GROUP PLC 0.0%

Value $2.649M Shares 91,634 Est. Cost $42.59 Unrealized -44.9%

LEN LENNAR CORP 0.0%

Value $2.515M Shares 24,466 Est. Cost $107.30 Unrealized +6.7%

NTSK NETSKOPE INC 0.0%

Value $1.951M Shares 111,246 Est. Cost $23.79 Unrealized -41.4%

NB NIOCORP DEVS LTD 0.0%

Value $1.831M Shares 345,405 Est. Cost $5.19 Unrealized +21.2%

IONS IONIS PHARMACEUTICALS INC 0.0%

Value $1.525M Shares 19,275 Est. Cost $75.30 Unrealized +8.6%

ABVX ABIVAX SA 0.0%

Value $1.487M Shares 11,030 Est. Cost $90.36 Unrealized —

INSP INSPIRE MED SYS INC 0.0%

Value $1.406M Shares 15,241 Est. Cost $68.50 Unrealized +13.0%

IRDM IRIDIUM COMMUNICATIONS INC 0.0%

Value $1.106M Shares 63,650 Est. Cost $24.71 Unrealized -16.5%

PCOR PROCORE TECHNOLOGIES INC 0.0%

Value $1.101M Shares 15,132 Est. Cost $83.39 Unrealized -27.7%

WING WINGSTOP INC 0.0%

Value $973K Shares 4,080 Est. Cost $311.03 Unrealized -15.0%

SG SWEETGREEN INC 0.0%

Value $888K Shares 131,427 Est. Cost $19.23 Unrealized -66.2%

WSC WILLSCOT HLDGS CORP 0.0%

Value $677K Shares 35,945 Est. Cost $21.56 Unrealized -0.7%

TGTX TG THERAPEUTICS INC 0.0%

Value $608K Shares 20,393 Est. Cost $18.83 Unrealized +57.5%

FRMI FERMI INC 0.0%

Value $567K Shares 70,872 Est. Cost $19.51 Unrealized -52.1%

CP CANADIAN PACIFIC KANSAS CITY 0.0%

Value $562K Shares 7,633 Est. Cost $77.14 Unrealized +0.1%

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.0%

Value $517K Shares 233,784 Est. Cost $1.49 Unrealized +47.3%

WMB WILLIAMS COS INC 0.0%

Value $251K Shares 4,170 Est. Cost $60.06 Unrealized +10.5%

GSHD GOOSEHEAD INS INC 0.0%

Value $202K Shares 2,746 Est. Cost $71.25 Unrealized -13.0%

IVVD INVIVYD INC 0.0%

Value $123K Shares 49,906 Est. Cost $2.08 Unrealized -4.9%

VLN VALENS SEMICONDUCTOR LTD 0.0%

Value $19,488 Shares 13,724 Est. Cost $2.54 Unrealized -32.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CRWD	CROWDSTRIKE HLDGS INC	81,669	$38.28M	0.5%	$166.06	+159.6%	—	22788C105
U	UNITY SOFTWARE INC	731,222	$32.3M	0.4%	$37.08	-11.9%	—	91332U101
TWLO	TWILIO INC	142,844	$20.32M	0.2%	$115.85	+5.2%	—	90138F102
SNOW	SNOWFLAKE INC	51,600	$11.32M	0.1%	$176.84	+10.0%	—	833445109
ROIV	ROIVANT SCIENCES LTD	483,117	$10.48M	0.1%	$11.82	+104.4%	—	G76279101
DEC	DIVERSIFIED ENERGY CO	405,290	$5.86M	0.1%	$13.84	-4.2%	—	25520W107
COIN	COINBASE GLOBAL INC	17,649	$3.991M	0.0%	$65.82	+204.7%	—	19260Q107
GRAL	GRAIL INC	43,722	$3.742M	0.0%	$66.54	+41.8%	—	384747101
NN	NEXTNAV INC	188,866	$3.143M	0.0%	$12.83	+21.3%	—	65345N106
FICO	FAIR ISAAC CORP	1,833	$3.099M	0.0%	$1721.38	-14.8%	—	303250104
BNTX	BIONTECH SE	32,287	$3.074M	0.0%	$139.22	—	—	09075V102
CWH	CAMPING WORLD HLDGS INC	312,049	$3.036M	0.0%	$19.33	-36.1%	—	13462K109
RACE	FERRARI N V	7,544	$2.788M	0.0%	$450.38	-20.8%	—	N3167Y103
KLAR	KLARNA GROUP PLC	91,634	$2.649M	0.0%	$42.59	-44.9%	—	G5279N105
LEN	LENNAR CORP	24,466	$2.515M	0.0%	$107.30	+6.7%	—	526057104
NTSK	NETSKOPE INC	111,246	$1.951M	0.0%	$23.79	-41.4%	—	64119N608
NB	NIOCORP DEVS LTD	345,405	$1.831M	0.0%	$5.19	+21.2%	—	654484609
IONS	IONIS PHARMACEUTICALS INC	19,275	$1.525M	0.0%	$75.30	+8.6%	—	462222100
ABVX	ABIVAX SA	11,030	$1.487M	0.0%	$90.36	—	—	00370M103
INSP	INSPIRE MED SYS INC	15,241	$1.406M	0.0%	$68.50	+13.0%	—	457730109
IRDM	IRIDIUM COMMUNICATIONS INC	63,650	$1.106M	0.0%	$24.71	-16.5%	—	46269C102
PCOR	PROCORE TECHNOLOGIES INC	15,132	$1.101M	0.0%	$83.39	-27.7%	—	74275K108
WING	WINGSTOP INC	4,080	$973K	0.0%	$311.03	-15.0%	—	974155103
SG	SWEETGREEN INC	131,427	$888K	0.0%	$19.23	-66.2%	—	87043Q108
WSC	WILLSCOT HLDGS CORP	35,945	$677K	0.0%	$21.56	-0.7%	—	971378104
TGTX	TG THERAPEUTICS INC	20,393	$608K	0.0%	$18.83	+57.5%	—	88322Q108
FRMI	FERMI INC	70,872	$567K	0.0%	$19.51	-52.1%	—	314911108
CP	CANADIAN PACIFIC KANSAS CITY	7,633	$562K	0.0%	$77.14	+0.1%	—	13646K108
CCO	CLEAR CHANNEL OUTDOOR HLDGS	233,784	$517K	0.0%	$1.49	+47.3%	—	18453H106
WMB	WILLIAMS COS INC	4,170	$251K	0.0%	$60.06	+10.5%	—	969457100
GSHD	GOOSEHEAD INS INC	2,746	$202K	0.0%	$71.25	-13.0%	—	38267D109
IVVD	INVIVYD INC	49,906	$123K	0.0%	$2.08	-4.9%	—	00534A102
VLN	VALENS SEMICONDUCTOR LTD	13,724	$19,488	0.0%	$2.54	-32.2%	—	M9607U115

Decreased Positions (134)

BSX BOSTON SCIENTIFIC CORP 0.0%

Value $812K (-99.2%) Shares 12,933 (-98.8%) Est. Cost $73.66 Unrealized +16.5%

TSLA TESLA INC 2.8%

Value $230M (-29.5%) Shares 619,700 (-14.7%) Est. Cost $215.21 Unrealized +97.9%

SHOP SHOPIFY INC 3.1%

Value $256M (-27.1%) Shares 2,154,743 (-1.1%) Est. Cost $64.91 Unrealized +110.2%

ISRG INTUITIVE SURGICAL INC 2.5%

Value $207M (-22.7%) Shares 449,557 (-5.1%) Est. Cost $285.95 Unrealized +82.2%

APPF APPFOLIO INC 0.5%

Value $41.87M (-57.1%) Shares 265,330 (-36.7%) Est. Cost $137.92 Unrealized +45.2%

AMZN AMAZON COM INC 4.4%

Value $365M (-12.2%) Shares 1,751,990 (-2.6%) Est. Cost $120.09 Unrealized +88.9%

MSFT MICROSOFT CORP 0.3%

Value $28.79M (-63.4%) Shares 77,787 (-52.2%) Est. Cost $178.25 Unrealized +143.8%

TOST TOAST INC 1.3%

Value $108M (-30.8%) Shares 4,069,162 (-7.3%) Est. Cost $41.19 Unrealized -24.7%

META META PLATFORMS INC 2.7%

Value $225M (-16.7%) Shares 394,067 (-3.9%) Est. Cost $128.23 Unrealized +411.2%

RDDT REDDIT INC 0.6%

Value $50.65M (-46.5%) Shares 376,189 (-8.6%) Est. Cost $209.41 Unrealized -9.4%

RBLX ROBLOX CORP 1.1%

Value $95.05M (-31.1%) Shares 1,680,558 (-1.3%) Est. Cost $48.79 Unrealized +47.1%

MDB MONGODB INC 0.0%

Value $2.4M (-94.5%) Shares 9,806 (-90.6%) Est. Cost $83.69 Unrealized +349.5%

NVDA NVIDIA CORPORATION 5.3%

Value $442M (-8.2%) Shares 2,532,418 (-1.8%) Est. Cost $90.09 Unrealized +107.2%

NTRA NATERA INC 1.8%

Value $151M (-20.4%) Shares 755,275 (-8.8%) Est. Cost $62.48 Unrealized +261.5%

ALNY ALNYLAM PHARMACEUTICALS INC 1.1%

Value $92.67M (-27.0%) Shares 280,092 (-12.3%) Est. Cost $45.25 Unrealized +680.6%

LPLA LPL FINL HLDGS INC 0.7%

Value $58.58M (-36.7%) Shares 194,726 (-24.8%) Est. Cost $224.76 Unrealized +58.8%

TKO TKO GROUP HOLDINGS INC 1.4%

Value $114M (-21.5%) Shares 564,911 (-18.7%) Est. Cost $94.30 Unrealized +118.0%

FND FLOOR & DECOR HLDGS INC 0.0%

Value $3.031M (-90.5%) Shares 59,658 (-88.6%) Est. Cost $71.40 Unrealized -2.0%

ARQT ARCUTIS BIOTHERAPEUTICS INC 1.2%

Value $101M (-21.6%) Shares 4,304,010 (-3.4%) Est. Cost $8.63 Unrealized +211.2%

HUBS HUBSPOT INC 0.5%

Value $39.5M (-40.7%) Shares 161,818 (-2.5%) Est. Cost $35.95 Unrealized +711.4%

ROKU ROKU INC 0.3%

Value $25.77M (-50.7%) Shares 272,337 (-43.4%) Est. Cost $67.26 Unrealized +46.4%

IBN ICICI BANK LIMITED 0.0%

Value $3.585M (-87.9%) Shares 138,435 (-86.1%) Est. Cost $20.46 Unrealized —

AERO GRUPO AEROMEXICO SAB DE CV 0.4%

Value $34.15M (-41.9%) Shares 2,437,743 (-8.9%) Est. Cost $21.96 Unrealized —

EMBJ EMBRAER S.A. 1.5%

Value $126M (-15.9%) Shares 2,119,373 (-8.8%) Est. Cost $28.89 Unrealized —

FWRG FIRST WATCH RESTAURANT GROUP 0.1%

Value $7.767M (-75.3%) Shares 741,126 (-64.4%) Est. Cost $20.87 Unrealized -23.5%

XMTR XOMETRY INC 0.5%

Value $37.62M (-38.1%) Shares 921,181 (-9.9%) Est. Cost $32.74 Unrealized +85.1%

AAOI APPLIED OPTOELECTRONICS INC 0.5%

Value $38.52M (+132.6%) Shares 455,375 (-4.1%) Est. Cost $27.68 Unrealized +51.1%

SITM SITIME CORP 1.4%

Value $113M (-14.1%) Shares 326,068 (-12.2%) Est. Cost $124.42 Unrealized +203.5%

SPOT SPOTIFY TECHNOLOGY S A 0.7%

Value $56.97M (-24.5%) Shares 117,482 (-9.5%) Est. Cost $237.33 Unrealized +109.5%

RIVN RIVIAN AUTOMOTIVE INC 0.6%

Value $53.39M (-24.8%) Shares 3,547,581 (-1.5%) Est. Cost $11.66 Unrealized +40.0%

GTLS CHART INDS INC 0.2%

Value $13.24M (-56.7%) Shares 64,035 (-56.8%) Est. Cost $157.28 Unrealized +31.7%

TEM TEMPUS AI INC 0.2%

Value $17.39M (-48.9%) Shares 384,548 (-33.3%) Est. Cost $63.07 Unrealized -2.9%

FRPT FRESHPET INC 0.6%

Value $47.67M (-25.8%) Shares 808,566 (-23.4%) Est. Cost $26.89 Unrealized +157.3%

FIGR FIGURE TECHNOLOGY SOLUTIO 0.8%

Value $65.55M (-20.0%) Shares 1,930,651 (-3.7%) Est. Cost $38.84 Unrealized +27.1%

HDB HDFC BANK LTD 0.0%

Value $2.319M (-86.6%) Shares 93,206 (-80.3%) Est. Cost $49.25 Unrealized —

GOOGL ALPHABET INC 1.7%

Value $138M (-9.5%) Shares 478,792 (-1.4%) Est. Cost $107.18 Unrealized +201.6%

BRCB BLACK ROCK COFFEE BAR INC 0.1%

Value $7.789M (-64.1%) Shares 602,893 (-38.2%) Est. Cost $26.13 Unrealized -35.6%

NBIS NEBIUS GROUP N.V. 1.2%

Value $98.69M (+16.3%) Shares 951,093 (-6.2%) Est. Cost $39.68 Unrealized +142.9%

FNV FRANCO NEV CORP 1.0%

Value $83.43M (+18.0%) Shares 337,700 (-1.0%) Est. Cost $154.26 Unrealized +59.3%

CSGP COSTAR GROUP INC 0.0%

Value $3.675M (-77.2%) Shares 91,094 (-62.0%) Est. Cost $82.57 Unrealized -31.1%

BOOT BOOT BARN HLDGS INC 0.6%

Value $50.9M (-19.4%) Shares 347,787 (-2.8%) Est. Cost $88.51 Unrealized +115.4%

WRBY WARBY PARKER INC 0.1%

Value $6.589M (-64.6%) Shares 312,740 (-63.4%) Est. Cost $14.51 Unrealized +73.7%

BETA BETA TECHNOLOGIES INC 0.1%

Value $5.634M (-67.7%) Shares 383,254 (-38.0%) Est. Cost $29.84 Unrealized -24.3%

MU MICRON TECHNOLOGY INC 1.6%

Value $130M (-8.0%) Shares 385,605 (-22.3%) Est. Cost $94.70 Unrealized +308.7%

FIG FIGMA INC 0.2%

Value $13.77M (-44.8%) Shares 651,597 (-2.4%) Est. Cost $68.66 Unrealized -58.6%

PRCH PORCH GROUP INC 0.4%

Value $29.93M (-24.6%) Shares 4,174,917 (-4.0%) Est. Cost $9.78 Unrealized -15.9%

SN SHARKNINJA INC 1.2%

Value $101M (-8.6%) Shares 957,107 (-3.4%) Est. Cost $97.04 Unrealized +26.5%

SFM SPROUTS FMRS MKT INC 0.4%

Value $31.41M (-22.9%) Shares 407,258 (-20.4%) Est. Cost $30.19 Unrealized +139.7%

ANET ARISTA NETWORKS INC 1.2%

Value $97.88M (-8.5%) Shares 797,221 (-2.4%) Est. Cost $102.84 Unrealized +31.3%

TDG TRANSDIGM GROUP INC 0.3%

Value $24.9M (-26.7%) Shares 21,481 (-15.9%) Est. Cost $727.99 Unrealized +87.0%

CALX CALIX INC 0.5%

Value $38.17M (-18.8%) Shares 779,092 (-12.3%) Est. Cost $25.79 Unrealized +106.6%

SPNT SIRIUSPOINT LTD 0.8%

Value $63.45M (-12.0%) Shares 2,945,802 (-10.6%) Est. Cost $10.05 Unrealized +103.5%

GE GE AEROSPACE 0.4%

Value $33.09M (-20.0%) Shares 116,620 (-13.1%) Est. Cost $169.55 Unrealized +87.7%

MLM MARTIN MARIETTA MATLS INC 0.5%

Value $40.72M (-16.7%) Shares 69,173 (-11.9%) Est. Cost $277.90 Unrealized +137.9%

TLN TALEN ENERGY CORP 0.5%

Value $38.37M (-17.1%) Shares 120,181 (-2.7%) Est. Cost $150.40 Unrealized +144.8%

GAP GAP INC 1.1%

Value $88.86M (-7.1%) Shares 3,672,048 (-1.7%) Est. Cost $21.94 Unrealized +25.2%

Z ZILLOW GROUP INC 0.0%

Value $1.233M (-84.2%) Shares 29,803 (-73.9%) Est. Cost $57.27 Unrealized +2.6%

LOAR LOAR HOLDINGS INC 0.3%

Value $25.26M (-20.4%) Shares 440,868 (-5.6%) Est. Cost $54.34 Unrealized +26.8%

KTOS KRATOS DEFENSE & SEC SOLUTIO 0.2%

Value $14.1M (-31.1%) Shares 200,017 (-25.9%) Est. Cost $39.50 Unrealized +159.3%

NFLX NETFLIX INC. 4.8%

Value $403M (-1.5%) Shares 4,191,843 (-4.0%) Est. Cost $97.71 Unrealized -14.2%

DASH DOORDASH INC 0.1%

Value $4.831M (-53.5%) Shares 32,173 (-29.8%) Est. Cost $163.37 Unrealized +20.4%

ABNB AIRBNB INC 0.6%

Value $53.63M (-8.6%) Shares 424,679 (-1.8%) Est. Cost $128.19 Unrealized +0.9%

FTAI FTAI AVIATION LTD 0.5%

Value $42.02M (+13.5%) Shares 171,513 (-8.8%) Est. Cost $133.91 Unrealized +102.2%

CBOE CBOE GLOBAL MKTS INC 0.7%

Value $57.04M (+9.6%) Shares 202,940 (-2.1%) Est. Cost $180.68 Unrealized +50.5%

ALHC ALIGNMENT HEALTHCARE INC 0.4%

Value $32.31M (-11.9%) Shares 1,833,691 (-1.3%) Est. Cost $14.93 Unrealized +43.7%

CIEN CIENA CORP 0.0%

Value $4.099M (-51.4%) Shares 10,558 (-70.7%) Est. Cost $77.13 Unrealized +251.3%

MA MASTERCARD INCORPORATED 0.2%

Value $13.86M (-23.0%) Shares 27,732 (-12.0%) Est. Cost $125.55 Unrealized +329.4%

MDGL MADRIGAL PHARMACEUTICALS INC 0.2%

Value $15.39M (-21.1%) Shares 29,391 (-12.2%) Est. Cost $257.16 Unrealized +91.5%

BBIO BRIDGEBIO PHARMA INC 0.4%

Value $31.21M (-10.9%) Shares 420,325 (-8.2%) Est. Cost $37.35 Unrealized +99.4%

QXO QXO INC 1.4%

Value $116M (-3.2%) Shares 5,988,681 (-3.8%) Est. Cost $17.00 Unrealized +42.0%

LYV LIVE NATION ENTERTAINMENT IN 0.1%

Value $4.351M (-46.6%) Shares 28,530 (-50.1%) Est. Cost $139.64 Unrealized +6.2%

OSCR OSCAR HEALTH INC 0.1%

Value $12.33M (-22.6%) Shares 1,074,592 (-3.1%) Est. Cost $11.87 Unrealized +24.1%

HNGE HINGE HEALTH INC 0.1%

Value $5.805M (-38.2%) Shares 150,549 (-25.5%) Est. Cost $41.55 Unrealized -2.3%

SITE SITEONE LANDSCAPE SUPPLY INC 0.4%

Value $32M (-9.8%) Shares 240,400 (-15.6%) Est. Cost $80.78 Unrealized +80.3%

TLSI TRISALUS LIFE SCIENCES INC 0.0%

Value $3.554M (-48.0%) Shares 888,515 (-9.2%) Est. Cost $5.33 Unrealized -0.8%

KRNT KORNIT DIGITAL LTD 0.0%

Value $3.209M (-49.4%) Shares 218,921 (-50.4%) Est. Cost $33.73 Unrealized -56.8%

C CITIGROUP INC 0.3%

Value $21.97M (-11.8%) Shares 193,736 (-9.3%) Est. Cost $103.64 Unrealized +12.1%

GEV GE VERNOVA INC 0.2%

Value $14.39M (-16.4%) Shares 16,487 (-37.4%) Est. Cost $421.44 Unrealized +74.9%

UTI UNIVERSAL TECHNICAL INST INC 0.1%

Value $10.08M (-21.5%) Shares 279,223 (-43.2%) Est. Cost $30.53 Unrealized -6.4%

TWFG TWFG INC 0.0%

Value $4.113M (-40.1%) Shares 223,639 (-6.2%) Est. Cost $25.94 Unrealized -8.1%

CYTK CYTOKINETICS INC 0.3%

Value $21.82M (-11.0%) Shares 330,989 (-14.2%) Est. Cost $38.53 Unrealized +67.3%

WWD WOODWARD INC 0.2%

Value $16.4M (+16.6%) Shares 45,819 (-1.5%) Est. Cost $203.79 Unrealized +73.3%

HIMS HIMS & HERS HEALTH INC 0.0%

Value $2.698M (-46.1%) Shares 129,953 (-15.6%) Est. Cost $10.52 Unrealized +140.8%

BV BRIGHTVIEW HLDGS INC 0.1%

Value $6.272M (-25.1%) Shares 532,009 (-19.6%) Est. Cost $13.01 Unrealized +2.6%

PTON PELOTON INTERACTIVE INC 0.0%

Value $3.911M (-34.5%) Shares 911,713 (-6.0%) Est. Cost $7.04 Unrealized -22.8%

APP APPLOVIN CORP 0.0%

Value $1.019M (-65.7%) Shares 2,561 (-41.9%) Est. Cost $308.60 Unrealized +64.3%

CEG CONSTELLATION ENERGY CORP 0.0%

Value $3.925M (-32.4%) Shares 14,057 (-14.4%) Est. Cost $199.64 Unrealized +50.8%

NP NEPTUNE INS HLDGS INC 0.0%

Value $2.431M (-40.6%) Shares 100,491 (-28.4%) Est. Cost $26.30 Unrealized -8.7%

YOU CLEAR SECURE INC 0.1%

Value $5.634M (+36.5%) Shares 116,387 (-1.1%) Est. Cost $32.95 Unrealized +5.1%

KNF KNIFE RIVER CORP 0.0%

Value $1.687M (-46.1%) Shares 20,664 (-53.5%) Est. Cost $51.43 Unrealized +53.7%

ARGX ARGENX SE 0.0%

Value $1.741M (-45.1%) Shares 2,384 (-36.8%) Est. Cost $240.69 Unrealized —

SDHC SMITH DOUGLAS HOMES CORP 0.0%

Value $2.339M (-37.0%) Shares 182,700 (-17.5%) Est. Cost $28.04 Unrealized -34.1%

ENVX ENOVIX CORPORATION 0.0%

Value $3.03M (-30.4%) Shares 584,954 (-1.8%) Est. Cost $17.21 Unrealized -59.4%

COCO VITA COCO CO INC 0.1%

Value $8.716M (-13.0%) Shares 181,917 (-3.8%) Est. Cost $22.81 Unrealized +139.9%

LMND LEMONADE INC 0.1%

Value $6.502M (-15.8%) Shares 103,734 (-4.4%) Est. Cost $67.18 Unrealized +12.0%

VMC VULCAN MATLS CO 0.1%

Value $5.855M (-15.5%) Shares 21,503 (-11.5%) Est. Cost $135.31 Unrealized +126.7%

MGY MAGNOLIA OIL & GAS CORP 0.2%

Value $15.36M (+7.3%) Shares 486,526 (-25.6%) Est. Cost $13.65 Unrealized +81.6%

RDNT RADNET INC 0.0%

Value $2.766M (-26.4%) Shares 49,492 (-6.1%) Est. Cost $56.89 Unrealized +25.7%

NAMS NEWAMSTERDAM PHARMA COMPANY 0.1%

Value $7.73M (-11.3%) Shares 241,475 (-2.8%) Est. Cost $34.57 Unrealized -2.4%

GKOS GLAUKOS CORP 0.2%

Value $16.46M (-5.6%) Shares 152,897 (-1.0%) Est. Cost $101.53 Unrealized +14.3%

HTFL HEARTFLOW INC 0.1%

Value $4.473M (-17.4%) Shares 183,866 (-1.1%) Est. Cost $32.22 Unrealized -10.1%

KYMR KYMERA THERAPEUTICS INC 0.2%

Value $19.61M (+5.0%) Shares 235,433 (-1.9%) Est. Cost $40.70 Unrealized +90.6%

CTOS CUSTOM TRUCK ONE SOURCE INC 0.0%

Value $1.431M (-39.4%) Shares 217,877 (-46.8%) Est. Cost $9.27 Unrealized -28.5%

LGIH LGI HOMES INC 0.1%

Value $6.84M (-11.8%) Shares 173,038 (-4.2%) Est. Cost $21.96 Unrealized +141.2%

PHAT PHATHOM PHARMACEUTICALS INC 0.0%

Value $1.554M (-35.5%) Shares 139,889 (-3.6%) Est. Cost $13.65 Unrealized +0.3%

EZPW EZCORP INC 0.1%

Value $4.333M (+23.7%) Shares 170,740 (-5.3%) Est. Cost $14.96 Unrealized +52.3%

SHAK SHAKE SHACK INC 1.2%

Value $102M (-0.8%) Shares 1,155,577 (-8.9%) Est. Cost $50.37 Unrealized +84.6%

WMT WALMART INC 0.1%

Value $7.069M (+8.1%) Shares 56,876 (-3.1%) Est. Cost $62.39 Unrealized +95.6%

APA APA CORPORATION 0.0%

Value $1.313M (+64.9%) Shares 30,949 (-5.0%) Est. Cost $16.01 Unrealized +65.1%

TXRH TEXAS ROADHOUSE INC 0.4%

Value $29.75M (-1.7%) Shares 180,168 (-1.2%) Est. Cost $151.12 Unrealized +22.1%

EME EMCOR GROUP INC 0.0%

Value $3.903M (+14.5%) Shares 5,286 (-5.1%) Est. Cost $208.00 Unrealized +249.4%

MAZE MAZE THERAPEUTICS INC 0.0%

Value $522K (-45.9%) Shares 17,487 (-24.9%) Est. Cost $34.37 Unrealized +28.1%

SMTC SEMTECH CORP 0.0%

Value $2.125M (-13.9%) Shares 27,631 (-17.4%) Est. Cost $70.95 Unrealized +16.2%

AMT AMERICAN TOWER CORP 0.1%

Value $8.767M (-3.4%) Shares 50,802 (-1.7%) Est. Cost $68.68 Unrealized +154.5%

NPKI NPK INTERNATIONAL INC 0.0%

Value $2.327M (+14.7%) Shares 160,596 (-5.7%) Est. Cost $12.20 Unrealized +13.1%

JPM JPMORGAN CHASE & CO 0.0%

Value $2.687M (-9.9%) Shares 9,135 (-1.3%) Est. Cost $104.49 Unrealized +198.0%

PCT PURECYCLE TECHNOLOGIES INC 0.0%

Value $411K (-40.7%) Shares 79,237 (-1.8%) Est. Cost $11.61 Unrealized -14.7%

MAMA MAMAS CREATIONS INC 0.0%

Value $3.58M (+8.0%) Shares 233,353 (-5.1%) Est. Cost $7.20 Unrealized +105.9%

SXT SENSIENT TECHNOLOGIES CORP 0.0%

Value $1.674M (-13.3%) Shares 19,370 (-5.7%) Est. Cost $94.35 Unrealized +1.4%

LUNR INTUITIVE MACHINES INC 0.0%

Value $2.955M (+8.3%) Shares 159,199 (-5.3%) Est. Cost $10.14 Unrealized +83.1%

STOK STOKE THERAPEUTICS INC 0.0%

Value $3.667M (-5.6%) Shares 112,627 (-8.0%) Est. Cost $12.39 Unrealized +156.8%

TPR TAPESTRY INC 0.0%

Value $811K (-20.5%) Shares 5,744 (-28.0%) Est. Cost $76.65 Unrealized +82.1%

SHW SHERWIN WILLIAMS CO 0.1%

Value $6.104M (-3.0%) Shares 19,042 (-1.9%) Est. Cost $298.91 Unrealized +18.9%

TMDX TRANSMEDICS GROUP INC 0.0%

Value $609K (-19.3%) Shares 6,130 (-1.2%) Est. Cost $76.71 Unrealized +76.5%

EYE NATIONAL VISION HLDGS INC 0.0%

Value $2.752M (-4.9%) Shares 106,255 (-5.2%) Est. Cost $17.40 Unrealized +56.0%

COGT COGENT BIOSCIENCES INC 0.0%

Value $2.008M (+6.1%) Shares 52,163 (-2.1%) Est. Cost $28.11 Unrealized +32.9%

LSCC LATTICE SEMICONDUCTOR CORP 0.0%

Value $748K (+17.6%) Shares 8,065 (-6.7%) Est. Cost $52.50 Unrealized —

HII HUNTINGTON INGALLS INDS INC 0.0%

Value $1.823M (+6.6%) Shares 4,798 (-4.6%) Est. Cost $309.50 Unrealized +32.6%

WPM WHEATON PRECIOUS METALS CORP 0.1%

Value $6.018M (+1.9%) Shares 45,932 (-8.6%) Est. Cost $18.25 Unrealized +666.2%

CLH CLEAN HARBORS INC 0.0%

Value $819K (+14.1%) Shares 2,856 (-6.7%) Est. Cost $243.70 Unrealized +8.0%

ADPT ADAPTIVE BIOTECHNOLOGIES COR 0.0%

Value $315K (-22.3%) Shares 22,719 (-9.1%) Est. Cost $16.32 Unrealized +4.1%

COST COSTCO WHOLESALE CORPORATION 0.1%

Value $6.559M (-1.2%) Shares 6,582 (-14.5%) Est. Cost $535.22 Unrealized +80.1%

IMNM IMMUNOME INC 0.0%

Value $3.702M (-1.4%) Shares 169,267 (-3.2%) Est. Cost $11.76 Unrealized +96.1%

HWM HOWMET AEROSPACE INC 0.0%

Value $2.029M (+0.4%) Shares 8,802 (-10.7%) Est. Cost $48.38 Unrealized +368.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BSX	BOSTON SCIENTIFIC CORP	12,933 (-98.8%)	$812K (-99.2%)	0.0%	$73.66	+16.5%	COM	101137107
TSLA	TESLA INC	619,700 (-14.7%)	$230M (-29.5%)	2.8%	$215.21	+97.9%	COM	88160R101
SHOP	SHOPIFY INC	2,154,743 (-1.1%)	$256M (-27.1%)	3.1%	$64.91	+110.2%	CL A SUB VTG SHS	82509L107
ISRG	INTUITIVE SURGICAL INC	449,557 (-5.1%)	$207M (-22.7%)	2.5%	$285.95	+82.2%	COM NEW	46120E602
APPF	APPFOLIO INC	265,330 (-36.7%)	$41.87M (-57.1%)	0.5%	$137.92	+45.2%	COM CL A	03783C100
AMZN	AMAZON COM INC	1,751,990 (-2.6%)	$365M (-12.2%)	4.4%	$120.09	+88.9%	COM	023135106
MSFT	MICROSOFT CORP	77,787 (-52.2%)	$28.79M (-63.4%)	0.3%	$178.25	+143.8%	COM	594918104
TOST	TOAST INC	4,069,162 (-7.3%)	$108M (-30.8%)	1.3%	$41.19	-24.7%	CL A	888787108
META	META PLATFORMS INC	394,067 (-3.9%)	$225M (-16.7%)	2.7%	$128.23	+411.2%	CL A	30303M102
RDDT	REDDIT INC	376,189 (-8.6%)	$50.65M (-46.5%)	0.6%	$209.41	-9.4%	CL A	75734B100
RBLX	ROBLOX CORP	1,680,558 (-1.3%)	$95.05M (-31.1%)	1.1%	$48.79	+47.1%	CL A	771049103
MDB	MONGODB INC	9,806 (-90.6%)	$2.4M (-94.5%)	0.0%	$83.69	+349.5%	CL A	60937P106
NVDA	NVIDIA CORPORATION	2,532,418 (-1.8%)	$442M (-8.2%)	5.3%	$90.09	+107.2%	COM	67066G104
NTRA	NATERA INC	755,275 (-8.8%)	$151M (-20.4%)	1.8%	$62.48	+261.5%	COM	632307104
ALNY	ALNYLAM PHARMACEUTICALS INC	280,092 (-12.3%)	$92.67M (-27.0%)	1.1%	$45.25	+680.6%	COM	02043Q107
LPLA	LPL FINL HLDGS INC	194,726 (-24.8%)	$58.58M (-36.7%)	0.7%	$224.76	+58.8%	COM	50212V100
TKO	TKO GROUP HOLDINGS INC	564,911 (-18.7%)	$114M (-21.5%)	1.4%	$94.30	+118.0%	CL A	87256C101
FND	FLOOR & DECOR HLDGS INC	59,658 (-88.6%)	$3.031M (-90.5%)	0.0%	$71.40	-2.0%	CL A	339750101
ARQT	ARCUTIS BIOTHERAPEUTICS INC	4,304,010 (-3.4%)	$101M (-21.6%)	1.2%	$8.63	+211.2%	COM	03969K108
HUBS	HUBSPOT INC	161,818 (-2.5%)	$39.5M (-40.7%)	0.5%	$35.95	+711.4%	COM	443573100
ROKU	ROKU INC	272,337 (-43.4%)	$25.77M (-50.7%)	0.3%	$67.26	+46.4%	COM CL A	77543R102
IBN	ICICI BANK LIMITED	138,435 (-86.1%)	$3.585M (-87.9%)	0.0%	$20.46	—	ADR	45104G104
AERO	GRUPO AEROMEXICO SAB DE CV	2,437,743 (-8.9%)	$34.15M (-41.9%)	0.4%	$21.96	—	SPONSORED ADS	40054J109
EMBJ	EMBRAER S.A.	2,119,373 (-8.8%)	$126M (-15.9%)	1.5%	$28.89	—	SPONSORED ADS	29082A107
FWRG	FIRST WATCH RESTAURANT GROUP	741,126 (-64.4%)	$7.767M (-75.3%)	0.1%	$20.87	-23.5%	COM	33748L101
XMTR	XOMETRY INC	921,181 (-9.9%)	$37.62M (-38.1%)	0.5%	$32.74	+85.1%	CLASS A COM	98423F109
AAOI	APPLIED OPTOELECTRONICS INC	455,375 (-4.1%)	$38.52M (+132.6%)	0.5%	$27.68	+51.1%	COM	03823U102
SITM	SITIME CORP	326,068 (-12.2%)	$113M (-14.1%)	1.4%	$124.42	+203.5%	COM	82982T106
SPOT	SPOTIFY TECHNOLOGY S A	117,482 (-9.5%)	$56.97M (-24.5%)	0.7%	$237.33	+109.5%	SHS	L8681T102
RIVN	RIVIAN AUTOMOTIVE INC	3,547,581 (-1.5%)	$53.39M (-24.8%)	0.6%	$11.66	+40.0%	COM CL A	76954A103
GTLS	CHART INDS INC	64,035 (-56.8%)	$13.24M (-56.7%)	0.2%	$157.28	+31.7%	COM	16115Q308
TEM	TEMPUS AI INC	384,548 (-33.3%)	$17.39M (-48.9%)	0.2%	$63.07	-2.9%	CL A	88023B103
FRPT	FRESHPET INC	808,566 (-23.4%)	$47.67M (-25.8%)	0.6%	$26.89	+157.3%	COM	358039105
FIGR	FIGURE TECHNOLOGY SOLUTIO	1,930,651 (-3.7%)	$65.55M (-20.0%)	0.8%	$38.84	+27.1%	COM CL A	349381103
HDB	HDFC BANK LTD	93,206 (-80.3%)	$2.319M (-86.6%)	0.0%	$49.25	—	SPONSORED ADS	40415F101
GOOGL	ALPHABET INC	478,792 (-1.4%)	$138M (-9.5%)	1.7%	$107.18	+201.6%	CAP STK CL A	02079K305
BRCB	BLACK ROCK COFFEE BAR INC	602,893 (-38.2%)	$7.789M (-64.1%)	0.1%	$26.13	-35.6%	CL A	092244102
NBIS	NEBIUS GROUP N.V.	951,093 (-6.2%)	$98.69M (+16.3%)	1.2%	$39.68	+142.9%	SHS CLASS A	N97284108
FNV	FRANCO NEV CORP	337,700 (-1.0%)	$83.43M (+18.0%)	1.0%	$154.26	+59.3%	COM	351858105
CSGP	COSTAR GROUP INC	91,094 (-62.0%)	$3.675M (-77.2%)	0.0%	$82.57	-31.1%	COM	22160N109
BOOT	BOOT BARN HLDGS INC	347,787 (-2.8%)	$50.9M (-19.4%)	0.6%	$88.51	+115.4%	COM	099406100
WRBY	WARBY PARKER INC	312,740 (-63.4%)	$6.589M (-64.6%)	0.1%	$14.51	+73.7%	CL A COM	93403J106
BETA	BETA TECHNOLOGIES INC	383,254 (-38.0%)	$5.634M (-67.7%)	0.1%	$29.84	-24.3%	COM SHS CL A	086921103
MU	MICRON TECHNOLOGY INC	385,605 (-22.3%)	$130M (-8.0%)	1.6%	$94.70	+308.7%	COM	595112103
FIG	FIGMA INC	651,597 (-2.4%)	$13.77M (-44.8%)	0.2%	$68.66	-58.6%	CLASS A COM STK	316841105
PRCH	PORCH GROUP INC	4,174,917 (-4.0%)	$29.93M (-24.6%)	0.4%	$9.78	-15.9%	COM	733245104
SN	SHARKNINJA INC	957,107 (-3.4%)	$101M (-8.6%)	1.2%	$97.04	+26.5%	COM SHS	G8068L108
SFM	SPROUTS FMRS MKT INC	407,258 (-20.4%)	$31.41M (-22.9%)	0.4%	$30.19	+139.7%	COM	85208M102
ANET	ARISTA NETWORKS INC	797,221 (-2.4%)	$97.88M (-8.5%)	1.2%	$102.84	+31.3%	COM SHS	040413205
TDG	TRANSDIGM GROUP INC	21,481 (-15.9%)	$24.9M (-26.7%)	0.3%	$727.99	+87.0%	COM	893641100
CALX	CALIX INC	779,092 (-12.3%)	$38.17M (-18.8%)	0.5%	$25.79	+106.6%	COM	13100M509
SPNT	SIRIUSPOINT LTD	2,945,802 (-10.6%)	$63.45M (-12.0%)	0.8%	$10.05	+103.5%	COM	G8192H106
GE	GE AEROSPACE	116,620 (-13.1%)	$33.09M (-20.0%)	0.4%	$169.55	+87.7%	COM NEW	369604301
MLM	MARTIN MARIETTA MATLS INC	69,173 (-11.9%)	$40.72M (-16.7%)	0.5%	$277.90	+137.9%	COM	573284106
TLN	TALEN ENERGY CORP	120,181 (-2.7%)	$38.37M (-17.1%)	0.5%	$150.40	+144.8%	COM	87422Q109
GAP	GAP INC	3,672,048 (-1.7%)	$88.86M (-7.1%)	1.1%	$21.94	+25.2%	COM	364760108
Z	ZILLOW GROUP INC	29,803 (-73.9%)	$1.233M (-84.2%)	0.0%	$57.27	+2.6%	CL C CAP STK	98954M200
LOAR	LOAR HOLDINGS INC	440,868 (-5.6%)	$25.26M (-20.4%)	0.3%	$54.34	+26.8%	COM SHS	53947R105
KTOS	KRATOS DEFENSE & SEC SOLUTIO	200,017 (-25.9%)	$14.1M (-31.1%)	0.2%	$39.50	+159.3%	COM NEW	50077B207
NFLX	NETFLIX INC.	4,191,843 (-4.0%)	$403M (-1.5%)	4.8%	$97.71	-14.2%	COM	64110L106
DASH	DOORDASH INC	32,173 (-29.8%)	$4.831M (-53.5%)	0.1%	$163.37	+20.4%	CL A	25809K105
ABNB	AIRBNB INC	424,679 (-1.8%)	$53.63M (-8.6%)	0.6%	$128.19	+0.9%	COM CL A	009066101
FTAI	FTAI AVIATION LTD	171,513 (-8.8%)	$42.02M (+13.5%)	0.5%	$133.91	+102.2%	SHS	G3730V105
CBOE	CBOE GLOBAL MKTS INC	202,940 (-2.1%)	$57.04M (+9.6%)	0.7%	$180.68	+50.5%	COM	12503M108
ALHC	ALIGNMENT HEALTHCARE INC	1,833,691 (-1.3%)	$32.31M (-11.9%)	0.4%	$14.93	+43.7%	COM	01625V104
CIEN	CIENA CORP	10,558 (-70.7%)	$4.099M (-51.4%)	0.0%	$77.13	+251.3%	COM NEW	171779309
MA	MASTERCARD INCORPORATED	27,732 (-12.0%)	$13.86M (-23.0%)	0.2%	$125.55	+329.4%	CL A	57636Q104
MDGL	MADRIGAL PHARMACEUTICALS INC	29,391 (-12.2%)	$15.39M (-21.1%)	0.2%	$257.16	+91.5%	COM	558868105
BBIO	BRIDGEBIO PHARMA INC	420,325 (-8.2%)	$31.21M (-10.9%)	0.4%	$37.35	+99.4%	COM	10806X102
QXO	QXO INC	5,988,681 (-3.8%)	$116M (-3.2%)	1.4%	$17.00	+42.0%	COM NEW	82846H405
LYV	LIVE NATION ENTERTAINMENT IN	28,530 (-50.1%)	$4.351M (-46.6%)	0.1%	$139.64	+6.2%	COM	538034109
OSCR	OSCAR HEALTH INC	1,074,592 (-3.1%)	$12.33M (-22.6%)	0.1%	$11.87	+24.1%	CL A	687793109
HNGE	HINGE HEALTH INC	150,549 (-25.5%)	$5.805M (-38.2%)	0.1%	$41.55	-2.3%	CL A	433313103
SITE	SITEONE LANDSCAPE SUPPLY INC	240,400 (-15.6%)	$32M (-9.8%)	0.4%	$80.78	+80.3%	COM	82982L103
TLSI	TRISALUS LIFE SCIENCES INC	888,515 (-9.2%)	$3.554M (-48.0%)	0.0%	$5.33	-0.8%	COM	89680M101
KRNT	KORNIT DIGITAL LTD	218,921 (-50.4%)	$3.209M (-49.4%)	0.0%	$33.73	-56.8%	SHS	M6372Q113
C	CITIGROUP INC	193,736 (-9.3%)	$21.97M (-11.8%)	0.3%	$103.64	+12.1%	COM NEW	172967424
GEV	GE VERNOVA INC	16,487 (-37.4%)	$14.39M (-16.4%)	0.2%	$421.44	+74.9%	COM	36828A101
UTI	UNIVERSAL TECHNICAL INST INC	279,223 (-43.2%)	$10.08M (-21.5%)	0.1%	$30.53	-6.4%	COM	913915104
TWFG	TWFG INC	223,639 (-6.2%)	$4.113M (-40.1%)	0.0%	$25.94	-8.1%	COM CL A	87318A101
CYTK	CYTOKINETICS INC	330,989 (-14.2%)	$21.82M (-11.0%)	0.3%	$38.53	+67.3%	COM NEW	23282W605
WWD	WOODWARD INC	45,819 (-1.5%)	$16.4M (+16.6%)	0.2%	$203.79	+73.3%	COM	980745103
HIMS	HIMS & HERS HEALTH INC	129,953 (-15.6%)	$2.698M (-46.1%)	0.0%	$10.52	+140.8%	COM CL A	433000106
BV	BRIGHTVIEW HLDGS INC	532,009 (-19.6%)	$6.272M (-25.1%)	0.1%	$13.01	+2.6%	COM	10948C107
PTON	PELOTON INTERACTIVE INC	911,713 (-6.0%)	$3.911M (-34.5%)	0.0%	$7.04	-22.8%	CL A COM	70614W100
APP	APPLOVIN CORP	2,561 (-41.9%)	$1.019M (-65.7%)	0.0%	$308.60	+64.3%	COM CL A	03831W108
CEG	CONSTELLATION ENERGY CORP	14,057 (-14.4%)	$3.925M (-32.4%)	0.0%	$199.64	+50.8%	COM	21037T109
NP	NEPTUNE INS HLDGS INC	100,491 (-28.4%)	$2.431M (-40.6%)	0.0%	$26.30	-8.7%	CL A	64073B103
YOU	CLEAR SECURE INC	116,387 (-1.1%)	$5.634M (+36.5%)	0.1%	$32.95	+5.1%	COM CL A	18467V109
KNF	KNIFE RIVER CORP	20,664 (-53.5%)	$1.687M (-46.1%)	0.0%	$51.43	+53.7%	COMMON STOCK	498894104
ARGX	ARGENX SE	2,384 (-36.8%)	$1.741M (-45.1%)	0.0%	$240.69	—	SPONSORED ADR	04016X101
SDHC	SMITH DOUGLAS HOMES CORP	182,700 (-17.5%)	$2.339M (-37.0%)	0.0%	$28.04	-34.1%	COM SHS CL A	83207R107
ENVX	ENOVIX CORPORATION	584,954 (-1.8%)	$3.03M (-30.4%)	0.0%	$17.21	-59.4%	COM	293594107
COCO	VITA COCO CO INC	181,917 (-3.8%)	$8.716M (-13.0%)	0.1%	$22.81	+139.9%	COM	92846Q107
LMND	LEMONADE INC	103,734 (-4.4%)	$6.502M (-15.8%)	0.1%	$67.18	+12.0%	COM	52567D107
VMC	VULCAN MATLS CO	21,503 (-11.5%)	$5.855M (-15.5%)	0.1%	$135.31	+126.7%	COM	929160109
MGY	MAGNOLIA OIL & GAS CORP	486,526 (-25.6%)	$15.36M (+7.3%)	0.2%	$13.65	+81.6%	CL A	559663109
RDNT	RADNET INC	49,492 (-6.1%)	$2.766M (-26.4%)	0.0%	$56.89	+25.7%	COM	750491102
NAMS	NEWAMSTERDAM PHARMA COMPANY	241,475 (-2.8%)	$7.73M (-11.3%)	0.1%	$34.57	-2.4%	ORDINARY SHARES	N62509109
GKOS	GLAUKOS CORP	152,897 (-1.0%)	$16.46M (-5.6%)	0.2%	$101.53	+14.3%	COM	377322102
HTFL	HEARTFLOW INC	183,866 (-1.1%)	$4.473M (-17.4%)	0.1%	$32.22	-10.1%	COM	42238D107
KYMR	KYMERA THERAPEUTICS INC	235,433 (-1.9%)	$19.61M (+5.0%)	0.2%	$40.70	+90.6%	COM	501575104
CTOS	CUSTOM TRUCK ONE SOURCE INC	217,877 (-46.8%)	$1.431M (-39.4%)	0.0%	$9.27	-28.5%	COM CL A	23204X103
LGIH	LGI HOMES INC	173,038 (-4.2%)	$6.84M (-11.8%)	0.1%	$21.96	+141.2%	COM	50187T106
PHAT	PHATHOM PHARMACEUTICALS INC	139,889 (-3.6%)	$1.554M (-35.5%)	0.0%	$13.65	+0.3%	COM	71722W107
EZPW	EZCORP INC	170,740 (-5.3%)	$4.333M (+23.7%)	0.1%	$14.96	+52.3%	CL A NON VTG	302301106
SHAK	SHAKE SHACK INC	1,155,577 (-8.9%)	$102M (-0.8%)	1.2%	$50.37	+84.6%	CL A	819047101
WMT	WALMART INC	56,876 (-3.1%)	$7.069M (+8.1%)	0.1%	$62.39	+95.6%	COM	931142103
APA	APA CORPORATION	30,949 (-5.0%)	$1.313M (+64.9%)	0.0%	$16.01	+65.1%	COM	03743Q108
TXRH	TEXAS ROADHOUSE INC	180,168 (-1.2%)	$29.75M (-1.7%)	0.4%	$151.12	+22.1%	COM	882681109
EME	EMCOR GROUP INC	5,286 (-5.1%)	$3.903M (+14.5%)	0.0%	$208.00	+249.4%	COM	29084Q100
MAZE	MAZE THERAPEUTICS INC	17,487 (-24.9%)	$522K (-45.9%)	0.0%	$34.37	+28.1%	COM	578784100
SMTC	SEMTECH CORP	27,631 (-17.4%)	$2.125M (-13.9%)	0.0%	$70.95	+16.2%	COM	816850101
AMT	AMERICAN TOWER CORP	50,802 (-1.7%)	$8.767M (-3.4%)	0.1%	$68.68	+154.5%	COM	03027X100
NPKI	NPK INTERNATIONAL INC	160,596 (-5.7%)	$2.327M (+14.7%)	0.0%	$12.20	+13.1%	COM SHS	651718504
JPM	JPMORGAN CHASE & CO	9,135 (-1.3%)	$2.687M (-9.9%)	0.0%	$104.49	+198.0%	COM	46625H100
PCT	PURECYCLE TECHNOLOGIES INC	79,237 (-1.8%)	$411K (-40.7%)	0.0%	$11.61	-14.7%	COM	74623V103
MAMA	MAMAS CREATIONS INC	233,353 (-5.1%)	$3.58M (+8.0%)	0.0%	$7.20	+105.9%	COM	56146T103
SXT	SENSIENT TECHNOLOGIES CORP	19,370 (-5.7%)	$1.674M (-13.3%)	0.0%	$94.35	+1.4%	COM	81725T100
LUNR	INTUITIVE MACHINES INC	159,199 (-5.3%)	$2.955M (+8.3%)	0.0%	$10.14	+83.1%	CLASS A COM	46125A100
STOK	STOKE THERAPEUTICS INC	112,627 (-8.0%)	$3.667M (-5.6%)	0.0%	$12.39	+156.8%	COM	86150R107
TPR	TAPESTRY INC	5,744 (-28.0%)	$811K (-20.5%)	0.0%	$76.65	+82.1%	COM	876030107
SHW	SHERWIN WILLIAMS CO	19,042 (-1.9%)	$6.104M (-3.0%)	0.1%	$298.91	+18.9%	COM	824348106
TMDX	TRANSMEDICS GROUP INC	6,130 (-1.2%)	$609K (-19.3%)	0.0%	$76.71	+76.5%	COM	89377M109
EYE	NATIONAL VISION HLDGS INC	106,255 (-5.2%)	$2.752M (-4.9%)	0.0%	$17.40	+56.0%	COM	63845R107
COGT	COGENT BIOSCIENCES INC	52,163 (-2.1%)	$2.008M (+6.1%)	0.0%	$28.11	+32.9%	COM	19240Q201
LSCC	LATTICE SEMICONDUCTOR CORP	8,065 (-6.7%)	$748K (+17.6%)	0.0%	$52.50	—	COM	518415104
HII	HUNTINGTON INGALLS INDS INC	4,798 (-4.6%)	$1.823M (+6.6%)	0.0%	$309.50	+32.6%	COM	446413106
WPM	WHEATON PRECIOUS METALS CORP	45,932 (-8.6%)	$6.018M (+1.9%)	0.1%	$18.25	+666.2%	COM	962879102
CLH	CLEAN HARBORS INC	2,856 (-6.7%)	$819K (+14.1%)	0.0%	$243.70	+8.0%	COM	184496107
ADPT	ADAPTIVE BIOTECHNOLOGIES COR	22,719 (-9.1%)	$315K (-22.3%)	0.0%	$16.32	+4.1%	COM	00650F109
COST	COSTCO WHOLESALE CORPORATION	6,582 (-14.5%)	$6.559M (-1.2%)	0.1%	$535.22	+80.1%	COM	22160K105
IMNM	IMMUNOME INC	169,267 (-3.2%)	$3.702M (-1.4%)	0.0%	$11.76	+96.1%	COM	45257U108
HWM	HOWMET AEROSPACE INC	8,802 (-10.7%)	$2.029M (+0.4%)	0.0%	$48.38	+368.2%	COM	443201108

Unchanged Positions (35)

PWR QUANTA SVCS INC 2.5%

Value $205M Shares 373,698 Est. Cost $158.23 Unrealized +207.3%

DUOL DUOLINGO INC 0.6%

Value $50.13M Shares 508,550 Est. Cost $145.07 Unrealized -5.0%

TSEM TOWER SEMICONDUCTOR LTD 1.0%

Value $82.73M Shares 471,466 Est. Cost $54.61 Unrealized +136.0%

AFRM AFFIRM HLDGS INC 0.5%

Value $43.9M Shares 958,005 Est. Cost $55.92 Unrealized +15.7%

TTAN SERVICETITAN INC 0.5%

Value $37.74M Shares 594,665 Est. Cost $109.38 Unrealized -26.2%

NYT NEW YORK TIMES CO MTN BE 1.4%

Value $114M Shares 1,356,477 Est. Cost $27.34 Unrealized +164.4%

SPHR SPHERE ENTERTAINMENT CO 0.8%

Value $65.92M Shares 561,457 Est. Cost $76.20 Unrealized +31.2%

POOL POOL CORP 0.7%

Value $57.05M Shares 281,950 Est. Cost $57.35 Unrealized +339.0%

OPCH OPTION CARE HEALTH INC 0.3%

Value $21.57M Shares 801,142 Est. Cost $15.08 Unrealized +128.1%

SU SUNCOR ENERGY INC NEW 0.1%

Value $9.852M Shares 149,028 Est. Cost $25.50 Unrealized +103.2%

MSGS MADISON SQUARE GRDN SPRT COR 0.1%

Value $12.05M Shares 37,499 Est. Cost $159.45 Unrealized +79.9%

PI IMPINJ INC 0.0%

Value $2.628M Shares 25,590 Est. Cost $54.80 Unrealized +177.4%

LITE LUMENTUM HLDGS INC 0.0%

Value $3.297M Shares 4,692 Est. Cost $256.82 Unrealized +81.9%

IGIC INTL GNRL INSURANCE HLDNGS L 0.4%

Value $29.4M Shares 1,213,785 Est. Cost $9.53 Unrealized +160.2%

ONEW ONEWATER MARINE INC 0.1%

Value $7.572M Shares 801,247 Est. Cost $18.76 Unrealized -30.8%

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value $5.29M Shares 21,826 Est. Cost $298.78 Unrealized -5.0%

WRB BERKLEY W R CORP 0.2%

Value $15.92M Shares 240,239 Est. Cost $34.98 Unrealized +98.5%

MUSA MURPHY USA INC 0.1%

Value $4.856M Shares 9,830 Est. Cost $387.51 Unrealized +6.5%

HEI HEICO CORP NEW 0.0%

Value $3.844M Shares 14,018 Est. Cost $92.32 Unrealized +267.1%

SKWD SKYWARD SPECIALTY INS GROUP 0.0%

Value $3.984M Shares 91,208 Est. Cost $20.89 Unrealized +118.9%

REZI RESIDEO TECHNOLOGIES INC 0.1%

Value $10.5M Shares 311,505 Est. Cost $37.00 Unrealized -2.1%

CNR CORE NATURAL RESOURCES INC 0.0%

Value $3.156M Shares 30,131 Est. Cost $70.86 Unrealized +31.0%

PAG PENSKE AUTOMOTIVE GRP INC 0.1%

Value $6.176M Shares 41,304 Est. Cost $43.16 Unrealized +279.1%

TE T1 ENERGY INC 0.0%

Value $773K Shares 176,042 Est. Cost $4.41 Unrealized +72.0%

CB CHUBB LTD SWITZ 0.1%

Value $9.345M Shares 28,673 Est. Cost $114.84 Unrealized +175.4%

ONON ON HLDG AG 0.0%

Value $845K Shares 24,833 Est. Cost $52.80 Unrealized -12.2%

CVNA CARVANA CO 0.0%

Value $630K Shares 2,004 Est. Cost $232.66 Unrealized +75.6%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value $1.91M Shares 3,985 Est. Cost $230.27 Unrealized +114.3%

BIRK BIRKENSTOCK HOLDING PLC 0.0%

Value $391K Shares 10,907 Est. Cost $42.87 Unrealized -6.8%

EQT EQT CORP 0.0%

Value $286K Shares 4,490 Est. Cost $56.13 Unrealized -1.5%

FERG FERGUSON ENTERPRISES INC 0.0%

Value $501K Shares 2,147 Est. Cost $197.54 Unrealized +27.1%

UMH UMH PPTYS INC 0.0%

Value $218K Shares 15,074 Est. Cost $15.91 Unrealized —

GTX GARRETT MOTION INC 0.0%

Value $458K Shares 25,201 Est. Cost $7.65 Unrealized +147.3%

EXE EXPAND ENERGY CORPORATION 0.0%

Value $1.139M Shares 10,378 Est. Cost $87.94 Unrealized +20.3%

L LOEWS CORP 0.0%

Value $446K Shares 4,179 Est. Cost $60.53 Unrealized +75.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PWR	QUANTA SVCS INC	373,698	$205M	2.5%	$158.23	+207.3%	COM	74762E102
DUOL	DUOLINGO INC	508,550	$50.13M	0.6%	$145.07	-5.0%	CL A COM	26603R106
TSEM	TOWER SEMICONDUCTOR LTD	471,466	$82.73M	1.0%	$54.61	+136.0%	SHS NEW	M87915274
AFRM	AFFIRM HLDGS INC	958,005	$43.9M	0.5%	$55.92	+15.7%	COM CL A	00827B106
TTAN	SERVICETITAN INC	594,665	$37.74M	0.5%	$109.38	-26.2%	SHS CL A	81764X103
NYT	NEW YORK TIMES CO MTN BE	1,356,477	$114M	1.4%	$27.34	+164.4%	CL A	650111107
SPHR	SPHERE ENTERTAINMENT CO	561,457	$65.92M	0.8%	$76.20	+31.2%	CL A	55826T102
POOL	POOL CORP	281,950	$57.05M	0.7%	$57.35	+339.0%	COM	73278L105
OPCH	OPTION CARE HEALTH INC	801,142	$21.57M	0.3%	$15.08	+128.1%	COM NEW	68404L201
SU	SUNCOR ENERGY INC NEW	149,028	$9.852M	0.1%	$25.50	+103.2%	COM	867224107
MSGS	MADISON SQUARE GRDN SPRT COR	37,499	$12.05M	0.1%	$159.45	+79.9%	CL A	55825T103
PI	IMPINJ INC	25,590	$2.628M	0.0%	$54.80	+177.4%	COM	453204109
LITE	LUMENTUM HLDGS INC	4,692	$3.297M	0.0%	$256.82	+81.9%	COM	55024U109
IGIC	INTL GNRL INSURANCE HLDNGS L	1,213,785	$29.4M	0.4%	$9.53	+160.2%	SHS	G4809J106
ONEW	ONEWATER MARINE INC	801,247	$7.572M	0.1%	$18.76	-30.8%	CL A COM	68280L101
IBM	INTERNATIONAL BUSINESS MACHS	21,826	$5.29M	0.1%	$298.78	-5.0%	COM	459200101
WRB	BERKLEY W R CORP	240,239	$15.92M	0.2%	$34.98	+98.5%	COM	084423102
MUSA	MURPHY USA INC	9,830	$4.856M	0.1%	$387.51	+6.5%	COM	626755102
HEI	HEICO CORP NEW	14,018	$3.844M	0.0%	$92.32	+267.1%	COM	422806109
SKWD	SKYWARD SPECIALTY INS GROUP	91,208	$3.984M	0.0%	$20.89	+118.9%	COM	830940102
REZI	RESIDEO TECHNOLOGIES INC	311,505	$10.5M	0.1%	$37.00	-2.1%	COM	76118Y104
CNR	CORE NATURAL RESOURCES INC	30,131	$3.156M	0.0%	$70.86	+31.0%	COM SHS	218937100
PAG	PENSKE AUTOMOTIVE GRP INC	41,304	$6.176M	0.1%	$43.16	+279.1%	COM	70959W103
TE	T1 ENERGY INC	176,042	$773K	0.0%	$4.41	+72.0%	COM NEW	35834F104
CB	CHUBB LTD SWITZ	28,673	$9.345M	0.1%	$114.84	+175.4%	COM	H1467J104
ONON	ON HLDG AG	24,833	$845K	0.0%	$52.80	-12.2%	NAMEN AKT A	H5919C104
CVNA	CARVANA CO	2,004	$630K	0.0%	$232.66	+75.6%	CL A	146869102
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,985	$1.91M	0.0%	$230.27	+114.3%	CL B NEW	084670702
BIRK	BIRKENSTOCK HOLDING PLC	10,907	$391K	0.0%	$42.87	-6.8%	COM SHS	M2029K104
EQT	EQT CORP	4,490	$286K	0.0%	$56.13	-1.5%	COM	26884L109
FERG	FERGUSON ENTERPRISES INC	2,147	$501K	0.0%	$197.54	+27.1%	COMMON STOCK NEW	31488V107
UMH	UMH PPTYS INC	15,074	$218K	0.0%	$15.91	—	COM	903002103
GTX	GARRETT MOTION INC	25,201	$458K	0.0%	$7.65	+147.3%	COM	366505105
EXE	EXPAND ENERGY CORPORATION	10,378	$1.139M	0.0%	$87.94	+20.3%	COM	165167735
L	LOEWS CORP	4,179	$446K	0.0%	$60.53	+75.8%	COM	540424108