Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	110,000	$40.77M	0.6%	—	—	CALL	78463V107
CAS	SIMPLIFY EXCHANGE TRADED FUN	428,078	$12.45M	0.2%	$29.08	—	CHINA A SHS PLUS	82889N384
DGX	QUEST DIAGNOSTICS INC	49,715	$10.54M	0.1%	$211.95	—	COM	74834L100
NVDA	NVIDIA CORPORATION	52,000	$10.4M	0.1%	—	—	CALL	67066G104
ELV	ELEVANCE HEALTH INC FORMERLY	25,577	$9.891M	0.1%	$386.73	—	COM	036752103
CAH	CARDINAL HEALTH INC	26,924	$6.382M	0.1%	$237.04	—	COM	14149Y108
QQQ	INVESCO QQQ TR	3,000	$2.209M	0.0%	—	—	CALL	46090E103
FLL	FULL HSE RESORTS INC	397,000	$1.108M	0.0%	$2.79	—	COM	359678109
OWL	BLUE OWL CAPITAL INC	106,500	$932K	0.0%	$8.75	—	COM CL A	09581B103
AGL	AGILON HEALTH INC	8,429	$903K	0.0%	$107.18	—	COM NEW	00857U206
CRM	SALESFORCE INC	4,420	$692K	0.0%	$156.66	—	COM	79466L302
PMT	PENNYMAC MTG INVT TR	53,500	$603K	0.0%	$11.28	—	COM	70931T103
ADBE	ADOBE INC	2,800	$574K	0.0%	$285.84	—	CALL	00724F101
IMUX	IMMUNIC INC	30,725	$472K	0.0%	$15.37	—	COM NEW	4525EP200
BHR	BRAEMAR HOTELS & RESORTS INC	183,000	$395K	0.0%	$2.16	—	COM	10482B101
ICLR	ICON PUB LTD CO	1,499	$260K	0.0%	$173.71	—	SHS	G4705A100
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	885	$221K	0.0%	$249.98	—	COM	874054109
CL	COLGATE PALMOLIVE CO	2,376	$218K	0.0%	$91.68	—	COM	194162103
VTEX	VTEX	11,195	$44,780	0.0%	$4.00	—	SHS CL A	G9470A102
BYND	BEYOND MEAT INC	49,780	$37,335	0.0%	$0.75	—	COM	08862E109
DDD	3D SYS CORP DEL	11,010	$33,250	0.0%	$3.02	—	COM NEW	88554D205

Increased Positions (70)

SBIL SIMPLIFY EXCHANGE TRADED FUN 68.4%

Value $4.917B (+6.7%) Shares 49,141,862 (+6.7%) Est. Cost $100.08 Unrealized —

AGG ISHARES TR 6.9%

Value $499M (+22.6%) Shares 5,041,755 (+23.0%) Est. Cost $98.28 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.7%

Value $48.46M (+61.8%) Shares 1,455,800 (+87.8%) Est. Cost $61.93 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.2%

Value $17.54M (+2135.0%) Shares 42,212 (+1355.1%) Est. Cost $410.02 Unrealized —

PCT PURECYCLE TECHNOLOGIES INC 0.3%

Value $24.72M (+169.0%) Shares 3,048,190 (+72.1%) Est. Cost $8.93 Unrealized —

NVO NOVO-NORDISK A S 0.3%

Value $24.21M (+101.2%) Shares 504,918 (+54.2%) Est. Cost $40.69 Unrealized —

WRBY WARBY PARKER INC 0.2%

Value $17.81M (+190.7%) Shares 587,066 (+101.9%) Est. Cost $26.09 Unrealized —

JNJ JOHNSON & JOHNSON 0.3%

Value $18.51M (+128.6%) Shares 72,879 (+120.0%) Est. Cost $226.10 Unrealized —

BHVN BIOHAVEN LTD 0.2%

Value $15.48M (+103.7%) Shares 1,040,255 (+15.8%) Est. Cost $13.23 Unrealized —

BNTC BENITEC BIOPHARMA INC 0.2%

Value $13.45M (+124.7%) Shares 1,005,557 (+78.8%) Est. Cost $12.40 Unrealized —

JAZZ JAZZ PHARMACEUTICALS PLC 0.2%

Value $16.52M (+68.9%) Shares 68,560 (+32.5%) Est. Cost $174.83 Unrealized —

ACHV ACHIEVE LIFE SCIENCE INC 0.1%

Value $9.352M (+168.5%) Shares 1,432,105 (+20.9%) Est. Cost $3.73 Unrealized —

ABBV ABBVIE INC 0.2%

Value $16.22M (+53.4%) Shares 64,461 (+32.6%) Est. Cost $219.80 Unrealized —

UTHR UNITED THERAPEUTICS CORP DEL 0.3%

Value $24.61M (+21.1%) Shares 45,411 (+32.6%) Est. Cost $431.03 Unrealized —

CVS CVS HEALTH CORP 0.1%

Value $7.354M (+89.6%) Shares 71,090 (+31.6%) Est. Cost $74.00 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.2%

Value $11.57M (+35.2%) Shares 23,079 (+32.6%) Est. Cost $552.23 Unrealized —

MIST MILESTONE PHARMACEUTICALS IN 0.1%

Value $4.488M (+150.4%) Shares 3,349,379 (+122.3%) Est. Cost $1.55 Unrealized —

GH GUARDANT HEALTH INC 0.1%

Value $4.136M (+115.1%) Shares 27,571 (+32.4%) Est. Cost $71.52 Unrealized —

ESTA ESTABLISHMENT LABS HLDGS INC 0.1%

Value $5.195M (+72.6%) Shares 60,540 (+14.2%) Est. Cost $54.64 Unrealized —

DHR DANAHER CORP DEL 0.1%

Value $8.159M (+33.2%) Shares 42,834 (+32.6%) Est. Cost $212.19 Unrealized —

AMGN AMGEN INC 0.1%

Value $7.595M (+36.2%) Shares 20,974 (+32.4%) Est. Cost $327.24 Unrealized —

GILD GILEAD SCIENCES INC 0.1%

Value $10.27M (+20.2%) Shares 81,325 (+32.6%) Est. Cost $115.10 Unrealized —

VRTX VERTEX PHARMACEUTICALS INC 0.1%

Value $5.194M (+46.6%) Shares 10,456 (+31.8%) Est. Cost $448.30 Unrealized —

EYPT EYEPOINT INC 0.1%

Value $5.721M (+36.1%) Shares 400,044 (+22.7%) Est. Cost $12.89 Unrealized —

AZN ASTRAZENECA PLC 0.1%

Value $6.483M (+27.3%) Shares 34,188 (+32.4%) Est. Cost $190.20 Unrealized —

DCTH DELCATH SYS INC 0.0%

Value $3.333M (+37.6%) Shares 264,770 (+1.4%) Est. Cost $12.19 Unrealized —

DELL DELL TECHNOLOGIES INC 0.0%

Value $1.369M (+171.3%) Shares 3,172 (+3.2%) Est. Cost $141.52 Unrealized —

ARTV ARTIVA BIOTHERAPEUTICS INC 0.0%

Value $983K (+557.2%) Shares 101,355 (+336.3%) Est. Cost $8.49 Unrealized —

DX DYNEX CAP INC 0.0%

Value $1.763M (+69.4%) Shares 134,500 (+64.9%) Est. Cost $13.45 Unrealized —

PCRX PACIRA BIOSCIENCES INC 0.0%

Value $2.108M (+48.9%) Shares 83,083 (+32.6%) Est. Cost $23.53 Unrealized —

RITM RITHM CAPITAL CORP 0.1%

Value $3.865M (+21.1%) Shares 411,593 (+22.3%) Est. Cost $9.92 Unrealized —

TGTX TG THERAPEUTICS INC 0.0%

Value $1.169M (+119.2%) Shares 21,269 (+32.5%) Est. Cost $36.84 Unrealized —

NLY ANNALY CAPITAL MANAGEMENT IN 0.0%

Value $1.606M (+53.7%) Shares 71,839 (+45.4%) Est. Cost $20.87 Unrealized —

EW EDWARDS LIFESCIENCES CORP 0.0%

Value $1.689M (+49.8%) Shares 18,668 (+32.6%) Est. Cost $79.78 Unrealized —

GEHC GE HEALTHCARE TECHNOLOGIES I 0.0%

Value $3.331M (+19.2%) Shares 52,040 (+32.6%) Est. Cost $71.44 Unrealized —

HODL VANECK BITCOIN ETF 0.1%

Value $4.392M (+9.6%) Shares 264,427 (+26.4%) Est. Cost $24.33 Unrealized —

PALI PALISADE BIO INC 0.0%

Value $942K (+53.7%) Shares 450,543 (+28.7%) Est. Cost $1.85 Unrealized —

FULC FULCRUM THERAPEUTICS INC 0.0%

Value $563K (-36.7%) Shares 153,794 (+32.6%) Est. Cost $7.87 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value $1.402M (-18.1%) Shares 12,021 (+2.7%) Est. Cost $161.61 Unrealized —

ABT ABBOTT LABORATORIES 0.0%

Value $1.864M (+17.1%) Shares 20,546 (+32.5%) Est. Cost $112.38 Unrealized —

INSM INSMED INC 0.0%

Value $1.513M (-14.2%) Shares 14,190 (+31.6%) Est. Cost $123.82 Unrealized —

DDOG DATADOG INC 0.0%

Value $451K (+123.9%) Shares 1,733 (+1.5%) Est. Cost $125.98 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.0%

Value $1.41M (+21.4%) Shares 5,014 (+4.7%) Est. Cost $269.72 Unrealized —

COO COOPER COS INC 0.0%

Value $945K (+33.0%) Shares 13,182 (+32.6%) Est. Cost $82.20 Unrealized —

NBIX NEUROCRINE BIOSCIENCES INC 0.0%

Value $559K (+69.3%) Shares 3,315 (+32.3%) Est. Cost $131.79 Unrealized —

AGNC AGNC INVT CORP 0.0%

Value $1.259M (+21.3%) Shares 115,485 (+11.6%) Est. Cost $10.06 Unrealized —

AQST AQUESTIVE THERAPEUTICS INC 0.0%

Value $1.159M (+19.3%) Shares 278,723 (+19.0%) Est. Cost $4.04 Unrealized —

CIEN CIENA CORP 0.0%

Value $386K (+70.9%) Shares 786 (+35.3%) Est. Cost $328.21 Unrealized —

SYK STRYKER CORPORATION 0.0%

Value $708K (+26.1%) Shares 2,250 (+31.6%) Est. Cost $335.19 Unrealized —

WMT WALMART INC 0.0%

Value $1.913M (+8.3%) Shares 16,890 (+18.8%) Est. Cost $102.15 Unrealized —

NET CLOUDFLARE INC 0.0%

Value $468K (+44.7%) Shares 1,906 (+21.7%) Est. Cost $213.29 Unrealized —

MRK MERCK & CO INC 0.0%

Value $921K (+17.0%) Shares 7,167 (+9.5%) Est. Cost $115.52 Unrealized —

KYTX KYVERNA THERAPEUTICS INC 0.0%

Value $1.627M (+8.9%) Shares 182,603 (+5.5%) Est. Cost $7.50 Unrealized —

GEV GE VERNOVA INC 0.0%

Value $439K (+40.2%) Shares 374 (+4.2%) Est. Cost $628.62 Unrealized —

XOM EXXON MOBIL CORP 0.0%

Value $736K (-10.9%) Shares 5,386 (+10.6%) Est. Cost $113.39 Unrealized —

IVA INVENTIVA SA 0.0%

Value $1.185M (-6.3%) Shares 313,483 (+37.5%) Est. Cost $4.41 Unrealized —

ZBH ZIMMER BIOMET HOLDINGS INC 0.0%

Value $378K (+26.2%) Shares 4,395 (+32.6%) Est. Cost $94.05 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value $1.332M (+6.0%) Shares 2,662 (+1.5%) Est. Cost $493.58 Unrealized —

FLR FLUOR CORP 0.0%

Value $327K (+28.4%) Shares 6,233 (+14.3%) Est. Cost $45.26 Unrealized —

BSX BOSTON SCIENTIFIC CORP 0.0%

Value $641K (-9.8%) Shares 15,014 (+32.6%) Est. Cost $85.78 Unrealized —

ADBE ADOBE INC 0.0%

Value $488K (-11.5%) Shares 2,379 (+5.0%) Est. Cost $285.84 Unrealized —

MA MASTERCARD INCORPORATED 0.0%

Value $810K (+6.2%) Shares 1,577 (+3.3%) Est. Cost $569.78 Unrealized —

HD HOME DEPOT INC 0.0%

Value $379K (+12.1%) Shares 1,074 (+4.6%) Est. Cost $381.67 Unrealized —

ADSK AUTODESK INC 0.0%

Value $230K (-12.8%) Shares 1,183 (+7.4%) Est. Cost $296.69 Unrealized —

PM PHILIP MORRIS INTL INC 0.0%

Value $269K (+14.2%) Shares 1,489 (+4.3%) Est. Cost $149.56 Unrealized —

KO COCA COLA CO 0.0%

Value $332K (+8.3%) Shares 4,089 (+1.4%) Est. Cost $68.33 Unrealized —

NOW SERVICENOW INC 0.0%

Value $553K (-2.4%) Shares 5,571 (+2.8%) Est. Cost $171.61 Unrealized —

BKNG BOOKING HOLDINGS INC 0.0%

Value $220K (-3.2%) Shares 1,235 (+2187.0%) Est. Cost $409.79 Unrealized —

UBER UBER TECHNOLOGIES INC 0.0%

Value $242K (+2.1%) Shares 3,351 (+1.8%) Est. Cost $91.79 Unrealized —

CYPH CYPHERPUNK TECHNOLOGIES INC 0.0%

Value $17,132 (+2.0%) Shares 27,979 (+32.4%) Est. Cost $1.49 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SBIL	SIMPLIFY EXCHANGE TRADED FUN	49,141,862 (+6.7%)	$4.917B (+6.7%)	68.4%	$100.08	—	GOVT MONE MA ETF	82889N269
AGG	ISHARES TR	5,041,755 (+23.0%)	$499M (+22.6%)	6.9%	$98.28	—	CORE US AGGBD ET	464287226
IBIT	ISHARES BITCOIN TRUST ETF	1,455,800 (+87.8%)	$48.46M (+61.8%)	0.7%	$61.93	—	CALL	46438F101
UNH	UNITEDHEALTH GROUP INC	42,212 (+1355.1%)	$17.54M (+2135.0%)	0.2%	$410.02	—	COM	91324P102
PCT	PURECYCLE TECHNOLOGIES INC	3,048,190 (+72.1%)	$24.72M (+169.0%)	0.3%	$8.93	—	COM	74623V103
NVO	NOVO-NORDISK A S	504,918 (+54.2%)	$24.21M (+101.2%)	0.3%	$40.69	—	ADR	670100205
WRBY	WARBY PARKER INC	587,066 (+101.9%)	$17.81M (+190.7%)	0.2%	$26.09	—	CL A COM	93403J106
JNJ	JOHNSON & JOHNSON	72,879 (+120.0%)	$18.51M (+128.6%)	0.3%	$226.10	—	COM	478160104
BHVN	BIOHAVEN LTD	1,040,255 (+15.8%)	$15.48M (+103.7%)	0.2%	$13.23	—	COM	G1110E107
BNTC	BENITEC BIOPHARMA INC	1,005,557 (+78.8%)	$13.45M (+124.7%)	0.2%	$12.40	—	COM NEW	08205P209
JAZZ	JAZZ PHARMACEUTICALS PLC	68,560 (+32.5%)	$16.52M (+68.9%)	0.2%	$174.83	—	SHS USD	G50871105
ACHV	ACHIEVE LIFE SCIENCE INC	1,432,105 (+20.9%)	$9.352M (+168.5%)	0.1%	$3.73	—	COM	004468500
ABBV	ABBVIE INC	64,461 (+32.6%)	$16.22M (+53.4%)	0.2%	$219.80	—	COM	00287Y109
UTHR	UNITED THERAPEUTICS CORP DEL	45,411 (+32.6%)	$24.61M (+21.1%)	0.3%	$431.03	—	COM	91307C102
CVS	CVS HEALTH CORP	71,090 (+31.6%)	$7.354M (+89.6%)	0.1%	$74.00	—	COM	126650100
TMO	THERMO FISHER SCIENTIFIC INC	23,079 (+32.6%)	$11.57M (+35.2%)	0.2%	$552.23	—	COM	883556102
MIST	MILESTONE PHARMACEUTICALS IN	3,349,379 (+122.3%)	$4.488M (+150.4%)	0.1%	$1.55	—	COM	59935V107
GH	GUARDANT HEALTH INC	27,571 (+32.4%)	$4.136M (+115.1%)	0.1%	$71.52	—	COM	40131M109
ESTA	ESTABLISHMENT LABS HLDGS INC	60,540 (+14.2%)	$5.195M (+72.6%)	0.1%	$54.64	—	COM	G31249108
DHR	DANAHER CORP DEL	42,834 (+32.6%)	$8.159M (+33.2%)	0.1%	$212.19	—	COM	235851102
AMGN	AMGEN INC	20,974 (+32.4%)	$7.595M (+36.2%)	0.1%	$327.24	—	COM	031162100
GILD	GILEAD SCIENCES INC	81,325 (+32.6%)	$10.27M (+20.2%)	0.1%	$115.10	—	COM	375558103
VRTX	VERTEX PHARMACEUTICALS INC	10,456 (+31.8%)	$5.194M (+46.6%)	0.1%	$448.30	—	COM	92532F100
EYPT	EYEPOINT INC	400,044 (+22.7%)	$5.721M (+36.1%)	0.1%	$12.89	—	COM NEW	30233G209
AZN	ASTRAZENECA PLC	34,188 (+32.4%)	$6.483M (+27.3%)	0.1%	$190.20	—	ORD	G0593M107
DCTH	DELCATH SYS INC	264,770 (+1.4%)	$3.333M (+37.6%)	0.0%	$12.19	—	COM NEW	24661P807
DELL	DELL TECHNOLOGIES INC	3,172 (+3.2%)	$1.369M (+171.3%)	0.0%	$141.52	—	CL C	24703L202
ARTV	ARTIVA BIOTHERAPEUTICS INC	101,355 (+336.3%)	$983K (+557.2%)	0.0%	$8.49	—	COM	04317A107
DX	DYNEX CAP INC	134,500 (+64.9%)	$1.763M (+69.4%)	0.0%	$13.45	—	COM	26817Q886
PCRX	PACIRA BIOSCIENCES INC	83,083 (+32.6%)	$2.108M (+48.9%)	0.0%	$23.53	—	COM	695127100
RITM	RITHM CAPITAL CORP	411,593 (+22.3%)	$3.865M (+21.1%)	0.1%	$9.92	—	COM NEW	64828T201
TGTX	TG THERAPEUTICS INC	21,269 (+32.5%)	$1.169M (+119.2%)	0.0%	$36.84	—	COM	88322Q108
NLY	ANNALY CAPITAL MANAGEMENT IN	71,839 (+45.4%)	$1.606M (+53.7%)	0.0%	$20.87	—	COM NEW	035710839
EW	EDWARDS LIFESCIENCES CORP	18,668 (+32.6%)	$1.689M (+49.8%)	0.0%	$79.78	—	COM	28176E108
GEHC	GE HEALTHCARE TECHNOLOGIES I	52,040 (+32.6%)	$3.331M (+19.2%)	0.0%	$71.44	—	COMMON STOCK	36266G107
HODL	VANECK BITCOIN ETF	264,427 (+26.4%)	$4.392M (+9.6%)	0.1%	$24.33	—	SH BEN INT	92189K105
PALI	PALISADE BIO INC	450,543 (+28.7%)	$942K (+53.7%)	0.0%	$1.85	—	COM	696389402
FULC	FULCRUM THERAPEUTICS INC	153,794 (+32.6%)	$563K (-36.7%)	0.0%	$7.87	—	COM	359616109
PLTR	PALANTIR TECHNOLOGIES INC	12,021 (+2.7%)	$1.402M (-18.1%)	0.0%	$161.61	—	CL A	69608A108
ABT	ABBOTT LABORATORIES	20,546 (+32.5%)	$1.864M (+17.1%)	0.0%	$112.38	—	COM	002824100
INSM	INSMED INC	14,190 (+31.6%)	$1.513M (-14.2%)	0.0%	$123.82	—	COM PAR $.01	457669307
DDOG	DATADOG INC	1,733 (+1.5%)	$451K (+123.9%)	0.0%	$125.98	—	CL A COM	23804L103
IBM	INTERNATIONAL BUSINESS MACHS	5,014 (+4.7%)	$1.41M (+21.4%)	0.0%	$269.72	—	COM	459200101
COO	COOPER COS INC	13,182 (+32.6%)	$945K (+33.0%)	0.0%	$82.20	—	COM	216648501
NBIX	NEUROCRINE BIOSCIENCES INC	3,315 (+32.3%)	$559K (+69.3%)	0.0%	$131.79	—	COM	64125C109
AGNC	AGNC INVT CORP	115,485 (+11.6%)	$1.259M (+21.3%)	0.0%	$10.06	—	COM	00123Q104
AQST	AQUESTIVE THERAPEUTICS INC	278,723 (+19.0%)	$1.159M (+19.3%)	0.0%	$4.04	—	COM	03843E104
CIEN	CIENA CORP	786 (+35.3%)	$386K (+70.9%)	0.0%	$328.21	—	COM NEW	171779309
SYK	STRYKER CORPORATION	2,250 (+31.6%)	$708K (+26.1%)	0.0%	$335.19	—	COM	863667101
WMT	WALMART INC	16,890 (+18.8%)	$1.913M (+8.3%)	0.0%	$102.15	—	COM	931142103
NET	CLOUDFLARE INC	1,906 (+21.7%)	$468K (+44.7%)	0.0%	$213.29	—	CL A COM	18915M107
MRK	MERCK & CO INC	7,167 (+9.5%)	$921K (+17.0%)	0.0%	$115.52	—	COM	58933Y105
KYTX	KYVERNA THERAPEUTICS INC	182,603 (+5.5%)	$1.627M (+8.9%)	0.0%	$7.50	—	COM	501976104
GEV	GE VERNOVA INC	374 (+4.2%)	$439K (+40.2%)	0.0%	$628.62	—	COM	36828A101
XOM	EXXON MOBIL CORP	5,386 (+10.6%)	$736K (-10.9%)	0.0%	$113.39	—	COM	30231G102
IVA	INVENTIVA SA	313,483 (+37.5%)	$1.185M (-6.3%)	0.0%	$4.41	—	ADS	46124U107
ZBH	ZIMMER BIOMET HOLDINGS INC	4,395 (+32.6%)	$378K (+26.2%)	0.0%	$94.05	—	COM	98956P102
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,662 (+1.5%)	$1.332M (+6.0%)	0.0%	$493.58	—	CL B NEW	084670702
FLR	FLUOR CORP	6,233 (+14.3%)	$327K (+28.4%)	0.0%	$45.26	—	COM	343412102
BSX	BOSTON SCIENTIFIC CORP	15,014 (+32.6%)	$641K (-9.8%)	0.0%	$85.78	—	COM	101137107
ADBE	ADOBE INC	2,379 (+5.0%)	$488K (-11.5%)	0.0%	$285.84	—	COM	00724F101
MA	MASTERCARD INCORPORATED	1,577 (+3.3%)	$810K (+6.2%)	0.0%	$569.78	—	CL A	57636Q104
HD	HOME DEPOT INC	1,074 (+4.6%)	$379K (+12.1%)	0.0%	$381.67	—	COM	437076102
ADSK	AUTODESK INC	1,183 (+7.4%)	$230K (-12.8%)	0.0%	$296.69	—	COM	052769106
PM	PHILIP MORRIS INTL INC	1,489 (+4.3%)	$269K (+14.2%)	0.0%	$149.56	—	COM	718172109
KO	COCA COLA CO	4,089 (+1.4%)	$332K (+8.3%)	0.0%	$68.33	—	COM	191216100
NOW	SERVICENOW INC	5,571 (+2.8%)	$553K (-2.4%)	0.0%	$171.61	—	COM	81762P102
BKNG	BOOKING HOLDINGS INC	1,235 (+2187.0%)	$220K (-3.2%)	0.0%	$409.79	—	COM	09857L108
UBER	UBER TECHNOLOGIES INC	3,351 (+1.8%)	$242K (+2.1%)	0.0%	$91.79	—	COM	90353T100
CYPH	CYPHERPUNK TECHNOLOGIES INC	27,979 (+32.4%)	$17,132 (+2.0%)	0.0%	$1.49	—	COM NEW	52187K200

Exited Positions (23)

REGN REGENERON PHARMACEUTICALS 0.1%

Value $8.422M Shares 10,900 Est. Cost $662.01 Unrealized —

MMM 3M CO 0.1%

Value $6.425M Shares 44,241 Est. Cost $160.92 Unrealized —

CTA SIMPLIFY EXCHANGE TRADED FUN 0.1%

Value $4.575M Shares 151,381 Est. Cost $30.22 Unrealized —

ALHC ALIGNMENT HEALTHCARE INC 0.0%

Value $3.401M Shares 193,032 Est. Cost $14.89 Unrealized —

OCS OCULIS HOLDING AG 0.0%

Value $1.773M Shares 66,667 Est. Cost $20.00 Unrealized —

VRDN VIRIDIAN THERAPEUTICS INC 0.0%

Value $1.1M Shares 56,231 Est. Cost $22.89 Unrealized —

OXLC OXFORD LANE CAP CORP 0.0%

Value $978K Shares 100,000 Est. Cost $9.78 Unrealized —

VOR VOR BIOPHARMA INC 0.0%

Value $955K Shares 53,510 Est. Cost $13.98 Unrealized —

TRVI TREVI THERAPEUTICS INC 0.0%

Value $780K Shares 65,412 Est. Cost $10.94 Unrealized —

FDMT 4D MOLECULAR THERAPEUTICS IN 0.0%

Value $656K Shares 70,430 Est. Cost $8.57 Unrealized —

PANW PALO ALTO NETWORKS INC 0.0%

Value $636K Shares 3,967 Est. Cost $172.15 Unrealized —

KLRS KALARIS THERAPEUTICS INC 0.0%

Value $504K Shares 87,426 Est. Cost $8.69 Unrealized —

IMUX IMMUNIC INC 0.0%

Value $487K Shares 438,932 Est. Cost $0.72 Unrealized —

CHRS COHERUS ONCOLOGY INC 0.0%

Value $428K Shares 253,140 Est. Cost $1.82 Unrealized —

CRVS CORVUS PHARMACEUTICALS INC 0.0%

Value $296K Shares 20,242 Est. Cost $16.29 Unrealized —

OVID OVID THERAPEUTICS INC 0.0%

Value $290K Shares 130,813 Est. Cost $1.60 Unrealized —

HON HONEYWELL INTL INC 0.0%

Value $232K Shares 1,027 Est. Cost $225.93 Unrealized —

BLK BLACKROCK INC 0.0%

Value $206K Shares 214 Est. Cost $1097.38 Unrealized —

PEP PEPSICO INC 0.0%

Value $203K Shares 1,305 Est. Cost $154.74 Unrealized —

CNTB CONNECT BIOPHARMA HLDGS LTD 0.0%

Value $135K Shares 51,475 Est. Cost $2.48 Unrealized —

SAFX XCF GLOBAL INC 0.0%

Value $69,027 Shares 188,857 Est. Cost $0.18 Unrealized —

IRWD IRONWOOD PHARMACEUTICALS INC 0.0%

Value $40,179 Shares 11,447 Est. Cost $2.68 Unrealized —

BTBT BIT DIGITAL INC 0.0%

Value $30,710 Shares 23,443 Est. Cost $1.98 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
REGN	REGENERON PHARMACEUTICALS	10,900	$8.422M	0.1%	$662.01	—	—	75886F107
MMM	3M CO	44,241	$6.425M	0.1%	$160.92	—	—	88579Y101
CTA	SIMPLIFY EXCHANGE TRADED FUN	151,381	$4.575M	0.1%	$30.22	—	—	82889N699
ALHC	ALIGNMENT HEALTHCARE INC	193,032	$3.401M	0.0%	$14.89	—	—	01625V104
OCS	OCULIS HOLDING AG	66,667	$1.773M	0.0%	$20.00	—	—	H5870P102
VRDN	VIRIDIAN THERAPEUTICS INC	56,231	$1.1M	0.0%	$22.89	—	—	92790C104
OXLC	OXFORD LANE CAP CORP	100,000	$978K	0.0%	$9.78	—	—	691543847
VOR	VOR BIOPHARMA INC	53,510	$955K	0.0%	$13.98	—	—	929033207
TRVI	TREVI THERAPEUTICS INC	65,412	$780K	0.0%	$10.94	—	—	89532M101
FDMT	4D MOLECULAR THERAPEUTICS IN	70,430	$656K	0.0%	$8.57	—	—	35104E100
PANW	PALO ALTO NETWORKS INC	3,967	$636K	0.0%	$172.15	—	—	697435105
KLRS	KALARIS THERAPEUTICS INC	87,426	$504K	0.0%	$8.69	—	—	482929106
IMUX	IMMUNIC INC	438,932	$487K	0.0%	$0.72	—	—	4525EP101
CHRS	COHERUS ONCOLOGY INC	253,140	$428K	0.0%	$1.82	—	—	19249H103
CRVS	CORVUS PHARMACEUTICALS INC	20,242	$296K	0.0%	$16.29	—	—	221015100
OVID	OVID THERAPEUTICS INC	130,813	$290K	0.0%	$1.60	—	—	690469101
HON	HONEYWELL INTL INC	1,027	$232K	0.0%	$225.93	—	—	438516106
BLK	BLACKROCK INC	214	$206K	0.0%	$1097.38	—	—	09290D101
PEP	PEPSICO INC	1,305	$203K	0.0%	$154.74	—	—	713448108
CNTB	CONNECT BIOPHARMA HLDGS LTD	51,475	$135K	0.0%	$2.48	—	—	G23549101
SAFX	XCF GLOBAL INC	188,857	$69,027	0.0%	$0.18	—	—	98400U103
IRWD	IRONWOOD PHARMACEUTICALS INC	11,447	$40,179	0.0%	$2.68	—	—	46333X108
BTBT	BIT DIGITAL INC	23,443	$30,710	0.0%	$1.98	—	—	G1144A105

Decreased Positions (35)

IVV ISHARES TR 10.9%

Value $781M (+9.4%) Shares 1,042,652 (-4.5%) Est. Cost $523.72 Unrealized —

TUA SIMPLIFY EXCHANGE TRADED FUN 1.4%

Value $98.26M (-15.8%) Shares 4,810,740 (-13.0%) Est. Cost $21.10 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.2%

Value $16.21M (-39.7%) Shares 486,900 (-30.4%) Est. Cost $61.93 Unrealized —

ALGN ALIGN TECHNOLOGY INC 0.2%

Value $11.27M (-38.5%) Shares 66,847 (-37.5%) Est. Cost $143.30 Unrealized —

TXG 10X GENOMICS INC 0.2%

Value $11.23M (+49.1%) Shares 292,938 (-17.4%) Est. Cost $15.11 Unrealized —

LLY ELI LILLY & CO 0.2%

Value $17.65M (+14.9%) Shares 14,715 (-11.9%) Est. Cost $885.70 Unrealized —

ISRG INTUITIVE SURGICAL INC 0.0%

Value $2.979M (-40.0%) Shares 7,492 (-30.4%) Est. Cost $461.57 Unrealized —

CORT CORCEPT THERAPEUTICS INC 0.0%

Value $2.298M (+51.0%) Shares 26,434 (-30.0%) Est. Cost $38.80 Unrealized —

CMPS COMPASS PATHWAYS PLC 0.0%

Value $1.617M (+83.9%) Shares 114,281 (-28.1%) Est. Cost $5.73 Unrealized —

WDC WESTERN DIGITAL CORP 0.0%

Value $932K (+124.7%) Shares 1,459 (-4.8%) Est. Cost $151.55 Unrealized —

CSCO CISCO SYS INC 0.0%

Value $1.986M (+28.9%) Shares 16,904 (-14.9%) Est. Cost $68.63 Unrealized —

MFA MFA FINL INC 0.0%

Value $1.625M (-18.8%) Shares 167,746 (-19.7%) Est. Cost $9.32 Unrealized —

TSLA TESLA INC 0.1%

Value $4.467M (+8.3%) Shares 10,621 (-4.3%) Est. Cost $305.97 Unrealized —

SABS SAB BIOTHERAPEUTICS INC 0.0%

Value $409K (-43.0%) Shares 104,849 (-44.0%) Est. Cost $3.29 Unrealized —

QCOM QUALCOMM INC 0.0%

Value $1.011M (+40.8%) Shares 5,471 (-1.8%) Est. Cost $159.65 Unrealized —

UPB UPSTREAM BIO INC 0.0%

Value $430K (-38.6%) Shares 62,113 (-20.2%) Est. Cost $23.68 Unrealized —

INTU INTUIT 0.0%

Value $363K (-40.7%) Shares 1,392 (-1.7%) Est. Cost $707.56 Unrealized —

FTNT FORTINET INC 0.0%

Value $540K (+79.6%) Shares 3,513 (-4.4%) Est. Cost $87.52 Unrealized —

CLDX CELLDEX THERAPEUTICS INC NEW 0.0%

Value $1.977M (-9.7%) Shares 53,134 (-23.0%) Est. Cost $23.17 Unrealized —

PHAT PHATHOM PHARMACEUTICALS INC 0.0%

Value $2.705M (-7.2%) Shares 249,267 (-5.0%) Est. Cost $8.58 Unrealized —

CAT CATERPILLAR INC 0.0%

Value $594K (+46.1%) Shares 558 (-2.8%) Est. Cost $684.39 Unrealized —

AMAT APPLIED MATLS INC 0.0%

Value $500K (+49.9%) Shares 691 (-29.1%) Est. Cost $239.49 Unrealized —

SNOW SNOWFLAKE INC 0.0%

Value $423K (+62.3%) Shares 1,662 (-3.8%) Est. Cost $194.49 Unrealized —

LRCX LAM RESEARCH CORP 0.0%

Value $479K (+46.9%) Shares 1,105 (-27.6%) Est. Cost $157.58 Unrealized —

ABEO ABEONA THERAPEUTICS INC 0.0%

Value $2.135M (-6.2%) Shares 345,416 (-32.0%) Est. Cost $5.27 Unrealized —

GE GE AEROSPACE 0.0%

Value $614K (+29.8%) Shares 1,643 (-1.4%) Est. Cost $280.17 Unrealized —

CMCSA COMCAST CORP NEW 0.0%

Value $397K (-24.3%) Shares 16,385 (-12.3%) Est. Cost $29.82 Unrealized —

CDNS CADENCE DESIGN SYSTEM INC 0.0%

Value $509K (+32.5%) Shares 1,356 (-1.9%) Est. Cost $339.44 Unrealized —

ZVRA ZEVRA THERAPEUTICS INC 0.0%

Value $1.015M (+8.2%) Shares 70,759 (-29.7%) Est. Cost $8.03 Unrealized —

XXV SIMPLIFY EXCHANGE TRADED FUN 0.0%

Value $2.756M (-2.7%) Shares 116,500 (-6.8%) Est. Cost $25.43 Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 0.0%

Value $462K (-11.3%) Shares 1,006 (-6.3%) Est. Cost $678.11 Unrealized —

ROK ROCKWELL AUTOMATION INC 0.0%

Value $257K (+26.3%) Shares 520 (-8.5%) Est. Cost $375.21 Unrealized —

OCUL OCULAR THERAPEUTIX INC 0.0%

Value $796K (+4.4%) Shares 81,051 (-9.9%) Est. Cost $9.83 Unrealized —

AXP AMERICAN EXPRESS CO 0.0%

Value $273K (+6.8%) Shares 808 (-4.5%) Est. Cost $332.30 Unrealized —

EA ELECTRONIC ARTS INC 0.0%

Value $244K (-3.9%) Shares 1,192 (-4.5%) Est. Cost $173.72 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IVV	ISHARES TR	1,042,652 (-4.5%)	$781M (+9.4%)	10.9%	$523.72	—	CORE S&P500 ETF	464287200
TUA	SIMPLIFY EXCHANGE TRADED FUN	4,810,740 (-13.0%)	$98.26M (-15.8%)	1.4%	$21.10	—	SHORT TERM TREA	82889N657
IBIT	ISHARES BITCOIN TRUST ETF	486,900 (-30.4%)	$16.21M (-39.7%)	0.2%	$61.93	—	SHS BEN INT	46438F101
ALGN	ALIGN TECHNOLOGY INC	66,847 (-37.5%)	$11.27M (-38.5%)	0.2%	$143.30	—	COM	016255101
TXG	10X GENOMICS INC	292,938 (-17.4%)	$11.23M (+49.1%)	0.2%	$15.11	—	CL A COM	88025U109
LLY	ELI LILLY & CO	14,715 (-11.9%)	$17.65M (+14.9%)	0.2%	$885.70	—	COM	532457108
ISRG	INTUITIVE SURGICAL INC	7,492 (-30.4%)	$2.979M (-40.0%)	0.0%	$461.57	—	COM NEW	46120E602
CORT	CORCEPT THERAPEUTICS INC	26,434 (-30.0%)	$2.298M (+51.0%)	0.0%	$38.80	—	COM	218352102
CMPS	COMPASS PATHWAYS PLC	114,281 (-28.1%)	$1.617M (+83.9%)	0.0%	$5.73	—	SPONSORED ADS	20451W101
WDC	WESTERN DIGITAL CORP	1,459 (-4.8%)	$932K (+124.7%)	0.0%	$151.55	—	COM	958102105
CSCO	CISCO SYS INC	16,904 (-14.9%)	$1.986M (+28.9%)	0.0%	$68.63	—	COM	17275R102
MFA	MFA FINL INC	167,746 (-19.7%)	$1.625M (-18.8%)	0.0%	$9.32	—	COM	55272X607
TSLA	TESLA INC	10,621 (-4.3%)	$4.467M (+8.3%)	0.1%	$305.97	—	COM	88160R101
SABS	SAB BIOTHERAPEUTICS INC	104,849 (-44.0%)	$409K (-43.0%)	0.0%	$3.29	—	COM NEW	78397T202
QCOM	QUALCOMM INC	5,471 (-1.8%)	$1.011M (+40.8%)	0.0%	$159.65	—	COM	747525103
UPB	UPSTREAM BIO INC	62,113 (-20.2%)	$430K (-38.6%)	0.0%	$23.68	—	COM	91678A107
INTU	INTUIT	1,392 (-1.7%)	$363K (-40.7%)	0.0%	$707.56	—	COM	461202103
FTNT	FORTINET INC	3,513 (-4.4%)	$540K (+79.6%)	0.0%	$87.52	—	COM	34959E109
CLDX	CELLDEX THERAPEUTICS INC NEW	53,134 (-23.0%)	$1.977M (-9.7%)	0.0%	$23.17	—	COM NEW	15117B202
PHAT	PHATHOM PHARMACEUTICALS INC	249,267 (-5.0%)	$2.705M (-7.2%)	0.0%	$8.58	—	COM	71722W107
CAT	CATERPILLAR INC	558 (-2.8%)	$594K (+46.1%)	0.0%	$684.39	—	COM	149123101
AMAT	APPLIED MATLS INC	691 (-29.1%)	$500K (+49.9%)	0.0%	$239.49	—	COM	038222105
SNOW	SNOWFLAKE INC	1,662 (-3.8%)	$423K (+62.3%)	0.0%	$194.49	—	COM SHS	833445109
LRCX	LAM RESEARCH CORP	1,105 (-27.6%)	$479K (+46.9%)	0.0%	$157.58	—	COM NEW	512807306
ABEO	ABEONA THERAPEUTICS INC	345,416 (-32.0%)	$2.135M (-6.2%)	0.0%	$5.27	—	COM NEW	00289Y206
GE	GE AEROSPACE	1,643 (-1.4%)	$614K (+29.8%)	0.0%	$280.17	—	COM NEW	369604301
CMCSA	COMCAST CORP NEW	16,385 (-12.3%)	$397K (-24.3%)	0.0%	$29.82	—	CL A	20030N101
CDNS	CADENCE DESIGN SYSTEM INC	1,356 (-1.9%)	$509K (+32.5%)	0.0%	$339.44	—	COM	127387108
ZVRA	ZEVRA THERAPEUTICS INC	70,759 (-29.7%)	$1.015M (+8.2%)	0.0%	$8.03	—	COM NEW	488445206
XXV	SIMPLIFY EXCHANGE TRADED FUN	116,500 (-6.8%)	$2.756M (-2.7%)	0.0%	$25.43	—	ANCORATO TARGET	82889N343
SPOT	SPOTIFY TECHNOLOGY S A	1,006 (-6.3%)	$462K (-11.3%)	0.0%	$678.11	—	SHS	L8681T102
ROK	ROCKWELL AUTOMATION INC	520 (-8.5%)	$257K (+26.3%)	0.0%	$375.21	—	COM	773903109
OCUL	OCULAR THERAPEUTIX INC	81,051 (-9.9%)	$796K (+4.4%)	0.0%	$9.83	—	COM	67576A100
AXP	AMERICAN EXPRESS CO	808 (-4.5%)	$273K (+6.8%)	0.0%	$332.30	—	COM	025816109
EA	ELECTRONIC ARTS INC	1,192 (-4.5%)	$244K (-3.9%)	0.0%	$173.72	—	COM	285512109

Unchanged Positions (15)

SPUC SIMPLIFY EXCHANGE TRADED FUN 1.1%

Value $80.41M Shares 1,634,812 Est. Cost $38.15 Unrealized —

QIS SIMPLIFY EXCHANGE TRADED FUN 0.5%

Value $37.86M Shares 3,777,620 Est. Cost $22.65 Unrealized —

NXTI SIMPLIFY EXCHANGE TRADED FUN 0.4%

Value $28.65M Shares 822,303 Est. Cost $32.49 Unrealized —

NMB SIMPLIFY EXCHANGE TRADED FUN 0.5%

Value $38.68M Shares 1,553,376 Est. Cost $25.21 Unrealized —

XV SIMPLIFY EXCHANGE TRADED FUN 0.2%

Value $15.47M Shares 624,406 Est. Cost $26.63 Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 0.0%

Value $955K Shares 990 Est. Cost $258.92 Unrealized —

LITL SIMPLIFY EXCHANGE TRADED FUN 0.0%

Value $3.149M Shares 91,464 Est. Cost $27.67 Unrealized —

AGGH SIMPLIFY EXCHANGE TRADED FUN 0.6%

Value $42.54M Shares 2,109,127 Est. Cost $21.59 Unrealized —

LONA LEONABIO INC 0.0%

Value $1.372M Shares 149,279 Est. Cost $3.92 Unrealized —

BUCK SIMPLIFY EXCHANGE TRADED FUN 0.6%

Value $39.81M Shares 1,700,000 Est. Cost $23.50 Unrealized —

ARR ARMOUR RESIDENTIAL REIT INC 0.0%

Value $941K Shares 53,900 Est. Cost $17.69 Unrealized —

CIM CHIMERA INVT CORP 0.0%

Value $681K Shares 51,025 Est. Cost $13.51 Unrealized —

CTAP SIMPLIFY EXCHANGE TRADED FUN 0.0%

Value $2.641M Shares 100,000 Est. Cost $25.62 Unrealized —

OBIO ORCHESTRA BIOMED HLDGS INC 0.0%

Value $947K Shares 219,387 Est. Cost $4.12 Unrealized —

PAGP PLAINS GP HLDGS L P 0.4%

Value $30.88M Shares 1,272,360 Est. Cost $13.84 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPUC	SIMPLIFY EXCHANGE TRADED FUN	1,634,812	$80.41M	1.1%	$38.15	—	US EQUITY INCOME	82889N301
QIS	SIMPLIFY EXCHANGE TRADED FUN	3,777,620	$37.86M	0.5%	$22.65	—	MULTI QIS ALTERN	82889N533
NXTI	SIMPLIFY EXCHANGE TRADED FUN	822,303	$28.65M	0.4%	$32.49	—	NEXT INTANGIBLE	82889N475
NMB	SIMPLIFY EXCHANGE TRADED FUN	1,553,376	$38.68M	0.5%	$25.21	—	NATL MUNI BD ETF	82889N442
XV	SIMPLIFY EXCHANGE TRADED FUN	624,406	$15.47M	0.2%	$26.63	—	TARGE 15 ETF	82889N350
STX	SEAGATE TECHNOLOGY HLDNGS PL	990	$955K	0.0%	$258.92	—	ORD SHS	G7997R103
LITL	SIMPLIFY EXCHANGE TRADED FUN	91,464	$3.149M	0.0%	$27.67	—	PIPE SAND SM ETF	82889N327
AGGH	SIMPLIFY EXCHANGE TRADED FUN	2,109,127	$42.54M	0.6%	$21.59	—	AGGREGATE BD ETF	82889N723
LONA	LEONABIO INC	149,279	$1.372M	0.0%	$3.92	—	COM	04746L203
BUCK	SIMPLIFY EXCHANGE TRADED FUN	1,700,000	$39.81M	0.6%	$23.50	—	TREASURY OPT INC	82889N640
ARR	ARMOUR RESIDENTIAL REIT INC	53,900	$941K	0.0%	$17.69	—	COM SHS	042315705
CIM	CHIMERA INVT CORP	51,025	$681K	0.0%	$13.51	—	COM SHS	16934Q802
CTAP	SIMPLIFY EXCHANGE TRADED FUN	100,000	$2.641M	0.0%	$25.62	—	US EQUI PLUS ETF	82889N228
OBIO	ORCHESTRA BIOMED HLDGS INC	219,387	$947K	0.0%	$4.12	—	COM	68572M106
PAGP	PLAINS GP HLDGS L P	1,272,360	$30.88M	0.4%	$13.84	—	LTD PARTNR INT A	72651A207