Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	96,534	$35.73M	2.3%	$434.61	0.0%	COM	594918104
CDW	CDW CORP	251,000	$30.38M	1.9%	$129.97	0.0%	COM	12514G108
BKNG	BOOKING HOLDINGS INC	5,595	$23.56M	1.5%	$4781.74	0.0%	COM	09857L108
MA	MASTERCARD INCORPORATED	43,663	$21.82M	1.4%	$539.05	0.0%	CL A	57636Q104
V	VISA INC	71,576	$21.63M	1.4%	$329.17	0.0%	COM CL A	92826C839
CPNG	COUPANG INC	1,040,000	$19.64M	1.2%	$19.86	0.0%	CL A	22266T109
SPGI	S&P GLOBAL INC	43,750	$18.61M	1.2%	$485.25	0.0%	COM	78409V104
LRN	STRIDE INC	90,000	$7.935M	0.5%	$78.14	0.0%	COM	86333M108
LEG	LEGGETT & PLATT INC	780,000	$7.706M	0.5%	$12.05	0.0%	COM	524660107
TFX	TELEFLEX INCORPORATED	64,000	$7.655M	0.5%	$108.70	0.0%	COM	879369106
DELL	DELL TECHNOLOGIES INC	35,800	$5.876M	0.4%	$119.03	0.0%	CL C	24703L202
SNAP	SNAP INC	1,250,000	$5.75M	0.4%	—	—	CALL	83304A106
AVT	AVNET INC	83,000	$5.114M	0.3%	$58.27	0.0%	COM	053807103
QQQ	INVESCO QQQ TR	8,500	$4.906M	0.3%	$577.18	—	UNIT SER 1	46090E103
VSNT	VERSANT MEDIA GROUP INC	104,029	$3.851M	0.2%	$32.14	0.0%	COM CL A	925283103
SBET	SHARPLINK INC	559,000	$3.606M	0.2%	$8.55	0.0%	COM NEW	820014405
ASST	STRIVE INC	328,570	$3.292M	0.2%	$14.32	0.0%	CL A COM	862945300
WAY	WAYSTAR HLDG CORP	96,700	$2.331M	0.1%	$27.49	0.0%	COM	946784105

Increased Positions (22)

VTRS VIATRIS INC 3.1%

Value $49.59M (+136.9%) Shares 3,670,900 (+118.3%) Est. Cost $12.54 Unrealized +12.3%

GPI GROUP 1 AUTOMOTIVE INC 4.5%

Value $70.45M (+61.0%) Shares 213,076 (+91.5%) Est. Cost $275.06 Unrealized +33.7%

ICLR ICON PLC 5.2%

Value $82.74M (+36.6%) Shares 747,700 (+124.9%) Est. Cost $155.92 Unrealized +0.3%

ALLY ALLY FINL INC 4.1%

Value $64.84M (+38.1%) Shares 1,652,809 (+59.4%) Est. Cost $38.35 Unrealized +11.4%

AXTA AXALTA COATING SYS LTD 5.1%

Value $80.21M (+28.7%) Shares 2,895,648 (+50.1%) Est. Cost $30.90 Unrealized +9.0%

UNFI UNITED NAT FOODS INC 1.9%

Value $29.51M (+59.4%) Shares 655,000 (+19.1%) Est. Cost $37.14 Unrealized -0.5%

JD JD.COM INC 1.7%

Value $26.73M (+45.8%) Shares 904,050 (+41.5%) Est. Cost $33.34 Unrealized —

AMRZ AMRIZE LTD 2.9%

Value $45.61M (+20.6%) Shares 814,200 (+16.4%) Est. Cost $51.86 Unrealized +10.1%

SSNC SS&C TECH HLDGS 4.0%

Value $63.99M (-10.6%) Shares 946,954 (+15.6%) Est. Cost $71.07 Unrealized +12.6%

IQV IQVIA HLDGS INC 2.5%

Value $39.63M (+12.0%) Shares 232,400 (+48.0%) Est. Cost $170.17 Unrealized +23.5%

LAW CS DISCO INC 0.3%

Value $4.227M (-49.6%) Shares 1,106,531 (+2.3%) Est. Cost $7.14 Unrealized -24.1%

META META PLATFORMS INC 2.6%

Value $40.54M (+10.5%) Shares 70,855 (+27.5%) Est. Cost $582.44 Unrealized +12.6%

RELY REMITLY GLOBAL INC 1.2%

Value $18.82M (+21.7%) Shares 1,201,200 (+7.1%) Est. Cost $14.49 Unrealized -3.8%

APO APOLLO GLOBAL MGMT INC 1.6%

Value $24.98M (+14.1%) Shares 224,197 (+48.3%) Est. Cost $110.05 Unrealized +21.2%

TFSL TFS FINL CORP 2.5%

Value $39.84M (+8.3%) Shares 2,835,382 (+3.1%) Est. Cost $12.36 Unrealized +16.3%

DKNG DRAFTKINGS INC NEW 0.5%

Value $7.88M (+38.6%) Shares 364,500 (+120.9%) Est. Cost $34.87 Unrealized -17.0%

CI THE CIGNA GROUP 7.2%

Value $114M (+1.9%) Shares 426,307 (+5.2%) Est. Cost $233.86 Unrealized +20.0%

ABG ASBURY AUTOMOTIVE GROUP INC 1.7%

Value $26.5M (+6.4%) Shares 135,629 (+26.6%) Est. Cost $159.94 Unrealized +47.8%

KLAR KLARNA GROUP PLC 0.2%

Value $3.534M (-28.1%) Shares 270,000 (+58.8%) Est. Cost $30.31 Unrealized -22.6%

SHC SOTERA HEALTH CO 3.7%

Value $58.86M (-1.8%) Shares 4,104,581 (+20.7%) Est. Cost $15.25 Unrealized +18.3%

GOOGL ALPHABET INC 1.0%

Value $16.56M (+6.3%) Shares 57,580 (+15.7%) Est. Cost $137.36 Unrealized +135.4%

BZH BEAZER HOMES USA INC 0.9%

Value $14.96M (+5.3%) Shares 777,506 (+10.9%) Est. Cost $21.11 Unrealized +15.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VTRS	VIATRIS INC	3,670,900 (+118.3%)	$49.59M (+136.9%)	3.1%	$12.54	+12.3%	COM	92556V106
GPI	GROUP 1 AUTOMOTIVE INC	213,076 (+91.5%)	$70.45M (+61.0%)	4.5%	$275.06	+33.7%	COM	398905109
ICLR	ICON PLC	747,700 (+124.9%)	$82.74M (+36.6%)	5.2%	$155.92	+0.3%	SHS	G4705A100
ALLY	ALLY FINL INC	1,652,809 (+59.4%)	$64.84M (+38.1%)	4.1%	$38.35	+11.4%	COM	02005N100
AXTA	AXALTA COATING SYS LTD	2,895,648 (+50.1%)	$80.21M (+28.7%)	5.1%	$30.90	+9.0%	COM	G0750C108
UNFI	UNITED NAT FOODS INC	655,000 (+19.1%)	$29.51M (+59.4%)	1.9%	$37.14	-0.5%	COM	911163103
JD	JD.COM INC	904,050 (+41.5%)	$26.73M (+45.8%)	1.7%	$33.34	—	SPON ADS CL A	47215P106
AMRZ	AMRIZE LTD	814,200 (+16.4%)	$45.61M (+20.6%)	2.9%	$51.86	+10.1%	SHS	H2927K103
SSNC	SS&C TECH HLDGS	946,954 (+15.6%)	$63.99M (-10.6%)	4.0%	$71.07	+12.6%	COM	78467J100
IQV	IQVIA HLDGS INC	232,400 (+48.0%)	$39.63M (+12.0%)	2.5%	$170.17	+23.5%	COM	46266C105
LAW	CS DISCO INC	1,106,531 (+2.3%)	$4.227M (-49.6%)	0.3%	$7.14	-24.1%	COM	126327105
META	META PLATFORMS INC	70,855 (+27.5%)	$40.54M (+10.5%)	2.6%	$582.44	+12.6%	CL A	30303M102
RELY	REMITLY GLOBAL INC	1,201,200 (+7.1%)	$18.82M (+21.7%)	1.2%	$14.49	-3.8%	COM	75960P104
APO	APOLLO GLOBAL MGMT INC	224,197 (+48.3%)	$24.98M (+14.1%)	1.6%	$110.05	+21.2%	COM	03769M106
TFSL	TFS FINL CORP	2,835,382 (+3.1%)	$39.84M (+8.3%)	2.5%	$12.36	+16.3%	COM	87240R107
DKNG	DRAFTKINGS INC NEW	364,500 (+120.9%)	$7.88M (+38.6%)	0.5%	$34.87	-17.0%	COM CL A	26142V105
CI	THE CIGNA GROUP	426,307 (+5.2%)	$114M (+1.9%)	7.2%	$233.86	+20.0%	COM	125523100
ABG	ASBURY AUTOMOTIVE GROUP INC	135,629 (+26.6%)	$26.5M (+6.4%)	1.7%	$159.94	+47.8%	COM	043436104
KLAR	KLARNA GROUP PLC	270,000 (+58.8%)	$3.534M (-28.1%)	0.2%	$30.31	-22.6%	SHS	G5279N105
SHC	SOTERA HEALTH CO	4,104,581 (+20.7%)	$58.86M (-1.8%)	3.7%	$15.25	+18.3%	COM	83601L102
GOOGL	ALPHABET INC	57,580 (+15.7%)	$16.56M (+6.3%)	1.0%	$137.36	+135.4%	CAP STK CL A	02079K305
BZH	BEAZER HOMES USA INC	777,506 (+10.9%)	$14.96M (+5.3%)	0.9%	$21.11	+15.2%	COM NEW	07556Q881

Exited Positions (12)

ASTS AST SPACEMOBILE INC 2.0%

Value $31.67M Shares 436,000 Est. Cost — Unrealized —

KOF COCA-COLA FEMSA SAB DE CV 1.1%

Value $17.69M Shares 186,800 Est. Cost $86.52 Unrealized —

OKLO OKLO INC 1.1%

Value $17.22M Shares 240,000 Est. Cost — Unrealized —

GLNG GOLAR LNG LTD 1.0%

Value $16.19M Shares 435,000 Est. Cost $38.63 Unrealized +7.0%

MCY MERCURY GENL CORP NEW 0.9%

Value $14.88M Shares 158,218 Est. Cost $56.19 Unrealized +59.5%

SIG SIGNET JEWELERS LIMITED 0.6%

Value $10.14M Shares 122,300 Est. Cost $78.64 Unrealized +17.7%

RGTI RIGETTI COMPUTING INC 0.4%

Value $6.417M Shares 289,700 Est. Cost — Unrealized —

AEO AMERICAN EAGLE OUTFITTERS IN 0.3%

Value $4.638M Shares 175,900 Est. Cost $13.49 Unrealized +84.7%

KWEB KRANESHARES TRUST 0.2%

Value $3.745M Shares 110,000 Est. Cost $34.05 Unrealized —

SDRL SEADRILL LTD 0.2%

Value $2.944M Shares 85,100 Est. Cost $43.75 Unrealized -10.9%

IREN IREN LIMITED 0.0%

Value $755K Shares 20,000 Est. Cost — Unrealized —

TSE TRINSEO PLC 0.0%

Value $140K Shares 281,279 Est. Cost $3.30 Unrealized -85.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ASTS	AST SPACEMOBILE INC	436,000	$31.67M	2.0%	—	—	PUT	00217D100
KOF	COCA-COLA FEMSA SAB DE CV	186,800	$17.69M	1.1%	$86.52	—	—	191241108
OKLO	OKLO INC	240,000	$17.22M	1.1%	—	—	PUT	02156V109
GLNG	GOLAR LNG LTD	435,000	$16.19M	1.0%	$38.63	+7.0%	—	G9456A100
MCY	MERCURY GENL CORP NEW	158,218	$14.88M	0.9%	$56.19	+59.5%	—	589400100
SIG	SIGNET JEWELERS LIMITED	122,300	$10.14M	0.6%	$78.64	+17.7%	—	G81276100
RGTI	RIGETTI COMPUTING INC	289,700	$6.417M	0.4%	—	—	PUT	76655K103
AEO	AMERICAN EAGLE OUTFITTERS IN	175,900	$4.638M	0.3%	$13.49	+84.7%	—	02553E106
KWEB	KRANESHARES TRUST	110,000	$3.745M	0.2%	$34.05	—	—	500767306
SDRL	SEADRILL LTD	85,100	$2.944M	0.2%	$43.75	-10.9%	—	G7997W102
IREN	IREN LIMITED	20,000	$755K	0.0%	—	—	PUT	Q4982L109
TSE	TRINSEO PLC	281,279	$140K	0.0%	$3.30	-85.6%	—	G9059U107

Decreased Positions (15)

C CITIGROUP INC 0.5%

Value $7.297M (-84.9%) Shares 64,339 (-84.5%) Est. Cost $51.23 Unrealized +126.8%

ARW ARROW ELECTRS INC 2.3%

Value $36.62M (-36.5%) Shares 255,360 (-51.2%) Est. Cost $115.06 Unrealized +16.1%

SW SMURFIT WESTROCK PLC 1.7%

Value $26.93M (-41.2%) Shares 675,897 (-43.0%) Est. Cost $44.03 Unrealized -0.1%

CRL CHARLES RIV LABS INTL INC 0.8%

Value $11.9M (-57.5%) Shares 69,000 (-50.8%) Est. Cost $239.33 Unrealized -17.5%

BC BRUNSWICK CORP 2.7%

Value $42.74M (-26.0%) Shares 587,467 (-24.5%) Est. Cost $71.77 Unrealized +18.9%

FAF FIRST AMERN FINL CORP 2.5%

Value $38.82M (-26.0%) Shares 643,904 (-24.6%) Est. Cost $49.98 Unrealized +28.4%

KMPR KEMPER CORP 1.0%

Value $15.31M (-45.3%) Shares 501,090 (-27.5%) Est. Cost $52.47 Unrealized -30.6%

ELV ELEVANCE HEALTH INC FORMERLY 2.1%

Value $32.89M (-23.0%) Shares 112,350 (-7.8%) Est. Cost $393.34 Unrealized -10.6%

IBIT ISHARES BITCOIN TRUST ETF 0.7%

Value $11.39M (-42.4%) Shares 296,510 (-25.6%) Est. Cost $44.47 Unrealized —

NICE NICE LTD 0.8%

Value $12.88M (-24.8%) Shares 116,800 (-22.9%) Est. Cost $146.13 Unrealized —

HSIC SCHEIN HENRY INC 1.2%

Value $19.31M (-16.2%) Shares 262,000 (-14.1%) Est. Cost $70.36 Unrealized +10.9%

CMCSA COMCAST CORP NEW 0.9%

Value $14.38M (-19.9%) Shares 500,748 (-16.6%) Est. Cost $34.22 Unrealized -12.9%

UNP UNION PAC CORP 2.1%

Value $33.17M (-8.9%) Shares 136,700 (-13.2%) Est. Cost $227.32 Unrealized +7.0%

WEX WEX INC 1.9%

Value $30.76M (-9.4%) Shares 200,968 (-11.8%) Est. Cost $139.68 Unrealized +11.7%

BAND BANDWIDTH INC 0.1%

Value $1.171M (-58.1%) Shares 65,721 (-63.6%) Est. Cost $14.17 Unrealized -2.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
C	CITIGROUP INC	64,339 (-84.5%)	$7.297M (-84.9%)	0.5%	$51.23	+126.8%	COM NEW	172967424
ARW	ARROW ELECTRS INC	255,360 (-51.2%)	$36.62M (-36.5%)	2.3%	$115.06	+16.1%	COM	042735100
SW	SMURFIT WESTROCK PLC	675,897 (-43.0%)	$26.93M (-41.2%)	1.7%	$44.03	-0.1%	SHS	G8267P108
CRL	CHARLES RIV LABS INTL INC	69,000 (-50.8%)	$11.9M (-57.5%)	0.8%	$239.33	-17.5%	COM	159864107
BC	BRUNSWICK CORP	587,467 (-24.5%)	$42.74M (-26.0%)	2.7%	$71.77	+18.9%	COM	117043109
FAF	FIRST AMERN FINL CORP	643,904 (-24.6%)	$38.82M (-26.0%)	2.5%	$49.98	+28.4%	COM	31847R102
KMPR	KEMPER CORP	501,090 (-27.5%)	$15.31M (-45.3%)	1.0%	$52.47	-30.6%	COM	488401100
ELV	ELEVANCE HEALTH INC FORMERLY	112,350 (-7.8%)	$32.89M (-23.0%)	2.1%	$393.34	-10.6%	COM	036752103
IBIT	ISHARES BITCOIN TRUST ETF	296,510 (-25.6%)	$11.39M (-42.4%)	0.7%	$44.47	—	SHS BEN INT	46438F101
NICE	NICE LTD	116,800 (-22.9%)	$12.88M (-24.8%)	0.8%	$146.13	—	SPONSORED ADR	653656108
HSIC	SCHEIN HENRY INC	262,000 (-14.1%)	$19.31M (-16.2%)	1.2%	$70.36	+10.9%	COM	806407102
CMCSA	COMCAST CORP NEW	500,748 (-16.6%)	$14.38M (-19.9%)	0.9%	$34.22	-12.9%	CL A	20030N101
UNP	UNION PAC CORP	136,700 (-13.2%)	$33.17M (-8.9%)	2.1%	$227.32	+7.0%	COM	907818108
WEX	WEX INC	200,968 (-11.8%)	$30.76M (-9.4%)	1.9%	$139.68	+11.7%	COM	96208T104
BAND	BANDWIDTH INC	65,721 (-63.6%)	$1.171M (-58.1%)	0.1%	$14.17	-2.6%	COM CL A	05988J103

Unchanged Positions (14)

FIX COMFORT SYS USA INC 0.7%

Value $11.03M Shares 8,000 Est. Cost — Unrealized —

TBLA TABOOLA.COM LTD 0.4%

Value $5.87M Shares 1,893,541 Est. Cost $3.63 Unrealized +5.7%

GPN GLOBAL PMTS INC 1.0%

Value $16.44M Shares 244,300 Est. Cost $119.61 Unrealized -37.4%

GBTC GRAYSCALE BITCOIN TRUST ETF 0.4%

Value $6.516M Shares 123,500 Est. Cost $63.17 Unrealized —

COF CAPITAL ONE FINL CORP 0.2%

Value $3.284M Shares 18,000 Est. Cost $79.51 Unrealized +180.8%

EME EMCOR GROUP INC 0.3%

Value $5.168M Shares 7,000 Est. Cost $647.50 Unrealized +12.2%

IONQ IONQ INC 0.1%

Value $1.442M Shares 50,000 Est. Cost — Unrealized —

HIPO HIPPO HLDGS INC 0.3%

Value $4.951M Shares 190,000 Est. Cost $24.64 Unrealized +20.7%

QS QUANTUMSCAPE CORP 0.0%

Value $766K Shares 120,000 Est. Cost — Unrealized —

AL AIR LEASE CORP 2.0%

Value $31.55M Shares 485,878 Est. Cost $46.63 Unrealized +38.3%

QBTS D-WAVE QUANTUM INC 0.0%

Value $289K Shares 20,000 Est. Cost — Unrealized —

BTC GRAYSCALE BITCOIN MINI TR ET 0.0%

Value $741K Shares 24,700 Est. Cost $41.87 Unrealized —

NICE NICE LTD 0.4%

Value $5.976M Shares 54,200 Est. Cost $146.13 Unrealized —

QUBT QUANTUM COMPUTING INC 0.0%

Value $103K Shares 15,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FIX	COMFORT SYS USA INC	8,000	$11.03M	0.7%	—	—	PUT	199908104
TBLA	TABOOLA.COM LTD	1,893,541	$5.87M	0.4%	$3.63	+5.7%	ORD SHS	M8744T106
GPN	GLOBAL PMTS INC	244,300	$16.44M	1.0%	$119.61	-37.4%	COM	37940X102
GBTC	GRAYSCALE BITCOIN TRUST ETF	123,500	$6.516M	0.4%	$63.17	—	SHS REP COM UT	389637109
COF	CAPITAL ONE FINL CORP	18,000	$3.284M	0.2%	$79.51	+180.8%	COM	14040H105
EME	EMCOR GROUP INC	7,000	$5.168M	0.3%	$647.50	+12.2%	COM	29084Q100
IONQ	IONQ INC	50,000	$1.442M	0.1%	—	—	PUT	46222L108
HIPO	HIPPO HLDGS INC	190,000	$4.951M	0.3%	$24.64	+20.7%	COM NEW	433539202
QS	QUANTUMSCAPE CORP	120,000	$766K	0.0%	—	—	PUT	74767V109
AL	AIR LEASE CORP	485,878	$31.55M	2.0%	$46.63	+38.3%	CL A	00912X302
QBTS	D-WAVE QUANTUM INC	20,000	$289K	0.0%	—	—	PUT	26740W109
BTC	GRAYSCALE BITCOIN MINI TR ET	24,700	$741K	0.0%	$41.87	—	SHS NEW	389930207
NICE	NICE LTD	54,200	$5.976M	0.4%	$146.13	—	CALL	653656108
QUBT	QUANTUM COMPUTING INC	15,000	$103K	0.0%	—	—	PUT	74766W108