Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MOD	MODINE MFG CO	646,333	$140M	5.1%	—	—	COM	607828100
GLW	CORNING INC	1,010,411	$137M	5.0%	—	—	COM	219350105
WDC	WESTERN DIGITAL CORP	275,482	$74.52M	2.7%	—	—	COM	958102105
CRS	CARPENTER TECHNOLOGY CORP	188,797	$74.41M	2.7%	—	—	COM	144285103
BE	BLOOM ENERGY CORP	90,257	$12.23M	0.4%	—	—	COM CL A	093712107

Increased Positions (3)

SOLS SOLSTICE ADVANCED MATLS INC 7.5%

Value $203M (+487.1%) Shares 2,665,268 (+274.5%) Est. Cost — Unrealized —

AMAT APPLIED MATLS INC 6.1%

Value $165M (+90.8%) Shares 483,240 (+43.4%) Est. Cost — Unrealized —

FERG FERGUSON ENTERPRISES INC 2.1%

Value $57.25M (+21.0%) Shares 245,421 (+15.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SOLS	SOLSTICE ADVANCED MATLS INC	2,665,268 (+274.5%)	$203M (+487.1%)	7.5%	—	—	COM SHS	83443Q103
AMAT	APPLIED MATLS INC	483,240 (+43.4%)	$165M (+90.8%)	6.1%	—	—	COM	038222105
FERG	FERGUSON ENTERPRISES INC	245,421 (+15.5%)	$57.25M (+21.0%)	2.1%	—	—	COMMON STOCK NEW	31488V107

Exited Positions (8)

UNP UNION PAC CORP 5.9%

Value $160M Shares 691,658 Est. Cost — Unrealized —

RDDT REDDIT INC 5.8%

Value $158M Shares 686,301 Est. Cost — Unrealized —

TRU TRANSUNION 5.5%

Value $150M Shares 1,748,965 Est. Cost — Unrealized —

CRM SALESFORCE INC 3.9%

Value $107M Shares 403,232 Est. Cost — Unrealized —

MDLN MEDLINE INC 2.3%

Value $63.08M Shares 1,502,000 Est. Cost — Unrealized —

CNM CORE & MAIN INC 1.3%

Value $36.29M Shares 698,200 Est. Cost — Unrealized —

META META PLATFORMS INC 1.2%

Value $33.87M Shares 51,313 Est. Cost — Unrealized —

MSFT MICROSOFT CORP 1.0%

Value $27.42M Shares 56,689 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNP	UNION PAC CORP	691,658	$160M	5.9%	—	—	—	907818108
RDDT	REDDIT INC	686,301	$158M	5.8%	—	—	—	75734B100
TRU	TRANSUNION	1,748,965	$150M	5.5%	—	—	—	89400J107
CRM	SALESFORCE INC	403,232	$107M	3.9%	—	—	—	79466L302
MDLN	MEDLINE INC	1,502,000	$63.08M	2.3%	—	—	—	58507V107
CNM	CORE & MAIN INC	698,200	$36.29M	1.3%	—	—	—	21874C102
META	META PLATFORMS INC	51,313	$33.87M	1.2%	—	—	—	30303M102
MSFT	MICROSOFT CORP	56,689	$27.42M	1.0%	—	—	—	594918104

Decreased Positions (13)

TKO TKO GROUP HOLDINGS INC 14.0%

Value $382M (-36.2%) Shares 1,895,513 (-33.9%) Est. Cost — Unrealized —

TOST TOAST INC 6.3%

Value $173M (-45.9%) Shares 6,509,924 (-27.6%) Est. Cost — Unrealized —

CBRE CBRE GROUP INC 2.0%

Value $54.21M (-63.2%) Shares 400,221 (-56.3%) Est. Cost — Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 4.0%

Value $110M (-37.8%) Shares 226,971 (-25.5%) Est. Cost — Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 7.1%

Value $193M (-22.0%) Shares 571,078 (-29.8%) Est. Cost — Unrealized —

PCOR PROCORE TECHNOLOGIES INC 4.6%

Value $126M (-25.2%) Shares 2,218,026 (-4.5%) Est. Cost — Unrealized —

JCI JOHNSON CONTROLS INTERNATION 0.8%

Value $21.58M (-59.6%) Shares 164,786 (-63.1%) Est. Cost — Unrealized —

SHW SHERWIN WILLIAMS CO 6.7%

Value $183M (-14.3%) Shares 571,278 (-13.4%) Est. Cost — Unrealized —

WBD WARNER BROS DISCOVERY INC 2.2%

Value $58.71M (-33.9%) Shares 2,138,141 (-30.7%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 3.4%

Value $92.36M (-16.8%) Shares 529,570 (-11.0%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 4.3%

Value $118M (-12.2%) Shares 565,228 (-2.7%) Est. Cost — Unrealized —

GOOG ALPHABET INC 3.1%

Value $83.99M (-15.4%) Shares 292,804 (-7.4%) Est. Cost — Unrealized —

FIG FIGMA INC 0.3%

Value $7.648M (-62.5%) Shares 361,779 (-33.8%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TKO	TKO GROUP HOLDINGS INC	1,895,513 (-33.9%)	$382M (-36.2%)	14.0%	—	—	CL A	87256C101
TOST	TOAST INC	6,509,924 (-27.6%)	$173M (-45.9%)	6.3%	—	—	CL A	888787108
CBRE	CBRE GROUP INC	400,221 (-56.3%)	$54.21M (-63.2%)	2.0%	—	—	CL A	12504L109
SPOT	SPOTIFY TECHNOLOGY S A	226,971 (-25.5%)	$110M (-37.8%)	4.0%	—	—	SHS	L8681T102
TSM	TAIWAN SEMICONDUCTOR MANUFAC	571,078 (-29.8%)	$193M (-22.0%)	7.1%	—	—	SPONSORED ADS	874039100
PCOR	PROCORE TECHNOLOGIES INC	2,218,026 (-4.5%)	$126M (-25.2%)	4.6%	—	—	COM	74275K108
JCI	JOHNSON CONTROLS INTERNATION	164,786 (-63.1%)	$21.58M (-59.6%)	0.8%	—	—	SHS	G51502105
SHW	SHERWIN WILLIAMS CO	571,278 (-13.4%)	$183M (-14.3%)	6.7%	—	—	COM	824348106
WBD	WARNER BROS DISCOVERY INC	2,138,141 (-30.7%)	$58.71M (-33.9%)	2.2%	—	—	COM SER A	934423104
NVDA	NVIDIA CORPORATION	529,570 (-11.0%)	$92.36M (-16.8%)	3.4%	—	—	COM	67066G104
AMZN	AMAZON COM INC	565,228 (-2.7%)	$118M (-12.2%)	4.3%	—	—	COM	023135106
GOOG	ALPHABET INC	292,804 (-7.4%)	$83.99M (-15.4%)	3.1%	—	—	CAP STK CL C	02079K107
FIG	FIGMA INC	361,779 (-33.8%)	$7.648M (-62.5%)	0.3%	—	—	CLASS A COM STK	316841105

Unchanged Positions (2)

CRH CRH PLC 3.4%

Value $92.47M Shares 879,676 Est. Cost — Unrealized —

GE GE AEROSPACE 5.9%

Value $162M Shares 569,227 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CRH	CRH PLC	879,676	$92.47M	3.4%	—	—	ORD	G25508105
GE	GE AEROSPACE	569,227	$162M	5.9%	—	—	COM NEW	369604301