Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DAL	DELTA AIR LINES INC	287,000	$19.08M	3.0%	—	—	COM NEW	247361702
WOLF	WOLFSPEED INC	940,000	$15.34M	2.4%	—	—	COMMON STOCK	97785W106
GRMN	GARMIN LTD	65,500	$15.2M	2.4%	—	—	SHS	H2906T109
Z	ZILLOW GROUP INC	335,000	$13.86M	2.2%	—	—	CL C CAP STK	98954M200
SHLS	SHOALS TECHNOLOGIES GROUP IN	2,000,000	$13.16M	2.1%	—	—	CL A	82489W107
VFC	V F CORP	759,420	$12.9M	2.0%	—	—	COM	918204108
DOCU	DOCUSIGN INC	225,000	$10.67M	1.7%	—	—	COM	256163106
SYM	SYMBOTIC INC	26,942	$1.433M	0.2%	—	—	CLASS A COM	87151X101

Increased Positions (10)

REAL THE REALREAL INC 3.8%

Value $24.24M (-38.6%) Shares 2,669,420 (+6.8%) Est. Cost — Unrealized —

RDDT REDDIT INC 9.4%

Value $59.55M (+30.8%) Shares 442,287 (+123.4%) Est. Cost — Unrealized —

QXO QXO INC 4.3%

Value $27.58M (+68.2%) Shares 1,420,000 (+67.1%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 7.4%

Value $47.28M (+17.0%) Shares 227,000 (+29.7%) Est. Cost — Unrealized —

SG SWEETGREEN INC 5.5%

Value $34.77M (-14.3%) Shares 6,700,000 (+11.7%) Est. Cost — Unrealized —

AS AMER SPORTS INC 9.4%

Value $60.08M (+7.2%) Shares 1,825,000 (+21.7%) Est. Cost — Unrealized —

BLDR BUILDERS FIRSTSOURCE INC 2.6%

Value $16.47M (+12.7%) Shares 200,000 (+40.8%) Est. Cost — Unrealized —

LULU LULULEMON ATHLETICA INC 1.2%

Value $7.723M (-14.6%) Shares 50,442 (+16.0%) Est. Cost — Unrealized —

LUXE LUXEXPERIENCE BV 4.7%

Value $29.92M (-0.5%) Shares 3,740,000 (+3.9%) Est. Cost — Unrealized —

FOR FORESTAR GROUP INC 1.7%

Value $10.63M (+0.4%) Shares 435,000 (+1.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
REAL	THE REALREAL INC	2,669,420 (+6.8%)	$24.24M (-38.6%)	3.8%	—	—	COM	88339P101
RDDT	REDDIT INC	442,287 (+123.4%)	$59.55M (+30.8%)	9.4%	—	—	CL A	75734B100
QXO	QXO INC	1,420,000 (+67.1%)	$27.58M (+68.2%)	4.3%	—	—	COM NEW	82846H405
AMZN	AMAZON COM INC	227,000 (+29.7%)	$47.28M (+17.0%)	7.4%	—	—	COM	023135106
SG	SWEETGREEN INC	6,700,000 (+11.7%)	$34.77M (-14.3%)	5.5%	—	—	COM CL A	87043Q108
AS	AMER SPORTS INC	1,825,000 (+21.7%)	$60.08M (+7.2%)	9.4%	—	—	COM SHS	G0260P102
BLDR	BUILDERS FIRSTSOURCE INC	200,000 (+40.8%)	$16.47M (+12.7%)	2.6%	—	—	COM	12008R107
LULU	LULULEMON ATHLETICA INC	50,442 (+16.0%)	$7.723M (-14.6%)	1.2%	—	—	COM	550021109
LUXE	LUXEXPERIENCE BV	3,740,000 (+3.9%)	$29.92M (-0.5%)	4.7%	—	—	SPONSORED ADS	55406W103
FOR	FORESTAR GROUP INC	435,000 (+1.2%)	$10.63M (+0.4%)	1.7%	—	—	COM	346232101

Exited Positions (9)

GOOGL ALPHABET INC 3.9%

Value $25.04M Shares 80,000 Est. Cost — Unrealized —

TPR TAPESTRY INC 3.0%

Value $19.17M Shares 150,000 Est. Cost — Unrealized —

U UNITY SOFTWARE INC 2.5%

Value $15.9M Shares 360,000 Est. Cost — Unrealized —

GPGI COMPOSECURE INC 2.2%

Value $14.27M Shares 740,000 Est. Cost — Unrealized —

WWW WOLVERINE WORLD WIDE INC 1.7%

Value $10.89M Shares 600,000 Est. Cost — Unrealized —

AFRM AFFIRM HLDGS INC 1.5%

Value $9.676M Shares 130,000 Est. Cost — Unrealized —

YOU CLEAR SECURE INC 0.7%

Value $4.526M Shares 129,031 Est. Cost — Unrealized —

FLUT FLUTTER ENTMT PLC 0.7%

Value $4.301M Shares 20,000 Est. Cost — Unrealized —

RHLD RESOLUTE HLDGS MGMT INC 0.2%

Value $1.218M Shares 5,900 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	80,000	$25.04M	3.9%	—	—	—	02079K305
TPR	TAPESTRY INC	150,000	$19.17M	3.0%	—	—	CALL	876030107
U	UNITY SOFTWARE INC	360,000	$15.9M	2.5%	—	—	—	91332U101
GPGI	COMPOSECURE INC	740,000	$14.27M	2.2%	—	—	—	20459V105
WWW	WOLVERINE WORLD WIDE INC	600,000	$10.89M	1.7%	—	—	—	978097103
AFRM	AFFIRM HLDGS INC	130,000	$9.676M	1.5%	—	—	—	00827B106
YOU	CLEAR SECURE INC	129,031	$4.526M	0.7%	—	—	—	18467V109
FLUT	FLUTTER ENTMT PLC	20,000	$4.301M	0.7%	—	—	—	G3643J108
RHLD	RESOLUTE HLDGS MGMT INC	5,900	$1.218M	0.2%	—	—	—	76134H101

Decreased Positions (10)

TSLA TESLA INC 1.0%

Value $6.283M (-77.7%) Shares 16,900 (-73.0%) Est. Cost — Unrealized —

SIRI SIRIUSXM HOLDINGS INC 1.5%

Value $9.232M (-61.5%) Shares 400,000 (-66.7%) Est. Cost — Unrealized —

XYZ BLOCK INC 5.5%

Value $34.85M (-22.4%) Shares 579,109 (-16.1%) Est. Cost — Unrealized —

GPI GROUP 1 AUTOMOTIVE INC 2.3%

Value $14.55M (-39.9%) Shares 44,000 (-28.5%) Est. Cost — Unrealized —

COCO VITA COCO CO INC 3.3%

Value $21.08M (-29.0%) Shares 440,000 (-21.4%) Est. Cost — Unrealized —

TPR TAPESTRY INC 6.0%

Value $38.1M (-18.3%) Shares 270,000 (-26.0%) Est. Cost — Unrealized —

ESTA ESTABLISHMENT LABS HLDGS INC 3.1%

Value $19.87M (-27.3%) Shares 350,000 (-6.7%) Est. Cost — Unrealized —

TDUP THREDUP INC 0.9%

Value $5.56M (-51.7%) Shares 1,695,000 (-5.8%) Est. Cost — Unrealized —

AER AERCAP HOLDINGS NV 2.6%

Value $16.46M (-26.1%) Shares 120,000 (-22.6%) Est. Cost — Unrealized —

SAM BOSTON BEER INC 3.3%

Value $20.74M (+6.3%) Shares 90,000 (-10.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSLA	TESLA INC	16,900 (-73.0%)	$6.283M (-77.7%)	1.0%	—	—	CALL	88160R101
SIRI	SIRIUSXM HOLDINGS INC	400,000 (-66.7%)	$9.232M (-61.5%)	1.5%	—	—	PUT	829933100
XYZ	BLOCK INC	579,109 (-16.1%)	$34.85M (-22.4%)	5.5%	—	—	CL A	852234103
GPI	GROUP 1 AUTOMOTIVE INC	44,000 (-28.5%)	$14.55M (-39.9%)	2.3%	—	—	COM	398905109
COCO	VITA COCO CO INC	440,000 (-21.4%)	$21.08M (-29.0%)	3.3%	—	—	COM	92846Q107
TPR	TAPESTRY INC	270,000 (-26.0%)	$38.1M (-18.3%)	6.0%	—	—	COM	876030107
ESTA	ESTABLISHMENT LABS HLDGS INC	350,000 (-6.7%)	$19.87M (-27.3%)	3.1%	—	—	COM	G31249108
TDUP	THREDUP INC	1,695,000 (-5.8%)	$5.56M (-51.7%)	0.9%	—	—	CL A	88556E102
AER	AERCAP HOLDINGS NV	120,000 (-22.6%)	$16.46M (-26.1%)	2.6%	—	—	SHS	N00985106
SAM	BOSTON BEER INC	90,000 (-10.0%)	$20.74M (+6.3%)	3.3%	—	—	CL A	100557107

Unchanged Positions (3)

TSLA TESLA INC 4.1%

Value $25.81M Shares 69,420 Est. Cost — Unrealized —

REAX THE REAL BROKERAGE INC 0.2%

Value $1.25M Shares 500,000 Est. Cost — Unrealized —

COCO VITA COCO CO INC 0.4%

Value $2.396M Shares 50,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSLA	TESLA INC	69,420	$25.81M	4.1%	—	—	COM	88160R101
REAX	THE REAL BROKERAGE INC	500,000	$1.25M	0.2%	—	—	COM NEW	75585H206
COCO	VITA COCO CO INC	50,000	$2.396M	0.4%	—	—	CALL	92846Q107