Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HON	HONEYWELL INTL INC	14,284	$3.198M	2.1%	$223.90	—	COM	438516205
HONA	HONEYWELL AEROSPACE INC	14,284	$3.158M	2.1%	$221.08	—	COM	43849R105
TLN	TALEN ENERGY CORP	1,370	$526K	0.3%	$384.26	—	COM	87422Q109
CRWD	CROWDSTRIKE HLDGS INC	632	$482K	0.3%	$763.14	—	CL A	22788C105
NBIS	NEBIUS GROUP N.V.	1,370	$378K	0.3%	$276.17	—	SHS CLASS A	N97284108
OKTA	OKTA INC	2,516	$343K	0.2%	$136.45	—	CL A	679295105
MRCY	MERCURY SYS INC	2,388	$292K	0.2%	$122.33	—	COM	589378108
RBRK	RUBRIK INC.	3,447	$277K	0.2%	$80.28	—	CL A	781154109
FFIV	F5 INC	596	$248K	0.2%	$415.96	—	COM	315616102
YOU	CLEAR SECURE INC	4,082	$227K	0.2%	$55.73	—	COM CL A	18467V109
S	SENTINELONE INC	11,837	$201K	0.1%	$16.97	—	CL A	81730H109

Increased Positions (30)

TSLA TESLA INC 2.1%

Value $3.244M (+132.7%) Shares 7,712 (+105.7%) Est. Cost $426.15 Unrealized —

RR RICHTECH ROBOTICS INC 1.9%

Value $2.812M (+188.1%) Shares 1,332,890 (+185.4%) Est. Cost $2.67 Unrealized —

NVDA NVIDIA CORPORATION 3.0%

Value $4.457M (+49.3%) Shares 22,277 (+30.1%) Est. Cost $189.46 Unrealized —

RKLB ROCKET LAB CORP 1.7%

Value $2.517M (+62.7%) Shares 24,758 (+2.8%) Est. Cost $68.92 Unrealized —

SERV SERVE ROBOTICS INC 1.0%

Value $1.563M (+118.6%) Shares 237,530 (+180.4%) Est. Cost $8.46 Unrealized —

PDYN PALLADYNE AI CORP 2.1%

Value $3.163M (+32.8%) Shares 520,205 (+32.6%) Est. Cost $6.53 Unrealized —

LMT LOCKHEED MARTIN CORP 3.5%

Value $5.206M (-11.4%) Shares 10,219 (+5.1%) Est. Cost $530.23 Unrealized —

CEG CONSTELLATION ENERGY CORP 1.8%

Value $2.689M (+26.8%) Shares 10,826 (+42.6%) Est. Cost $314.32 Unrealized —

UUUU ENERGY FUELS INC 0.4%

Value $653K (+64.4%) Shares 45,030 (+106.9%) Est. Cost $15.89 Unrealized —

BB BLACKBERRY LTD 0.2%

Value $276K (+480.7%) Shares 21,852 (+48.7%) Est. Cost $7.10 Unrealized —

PEG PUBLIC SVC ENTERPRISE GROUP 0.7%

Value $1.037M (+22.1%) Shares 12,776 (+21.8%) Est. Cost $81.17 Unrealized —

OKLO OKLO INC 0.6%

Value $938K (+20.6%) Shares 17,922 (+14.3%) Est. Cost $90.83 Unrealized —

KTOS KRATOS DEFENSE & SEC SOLUTIO 0.3%

Value $424K (-26.5%) Shares 8,505 (+3.9%) Est. Cost $88.67 Unrealized —

AEP AMERICAN ELEC PWR CO INC 0.8%

Value $1.143M (+13.8%) Shares 8,356 (+9.0%) Est. Cost $119.70 Unrealized —

UEC URANIUM ENERGY CORP 0.5%

Value $803K (-12.9%) Shares 75,358 (+10.3%) Est. Cost $13.71 Unrealized —

DUK DUKE ENERGY CORP NEW 0.7%

Value $1.108M (+10.0%) Shares 8,757 (+13.7%) Est. Cost $122.08 Unrealized —

MIR MIRION TECHNOLOGIES INC 0.5%

Value $822K (+13.8%) Shares 45,824 (+18.0%) Est. Cost $23.63 Unrealized —

SMR NUSCALE PWR CORP 0.6%

Value $836K (+11.4%) Shares 83,323 (+20.4%) Est. Cost $20.28 Unrealized —

BIDU BAIDU INC 1.0%

Value $1.532M (+3.8%) Shares 13,404 (+1.2%) Est. Cost $127.35 Unrealized —

ECX ECARX HOLDINGS INC 0.1%

Value $155K (+54.8%) Shares 120,425 (+17.3%) Est. Cost $1.85 Unrealized —

NNE NANO NUCLEAR ENERGY INC 0.4%

Value $548K (+9.5%) Shares 25,930 (+6.1%) Est. Cost $33.29 Unrealized —

LTBR LIGHTBRIDGE CORP 0.5%

Value $745K (+6.5%) Shares 84,792 (+29.2%) Est. Cost $11.02 Unrealized —

BWXT BWX TECHNOLOGIES INC 0.9%

Value $1.373M (-3.1%) Shares 7,053 (+1.8%) Est. Cost $192.48 Unrealized —

USGO US GOLDMINING INC 0.1%

Value $99,227 (-28.7%) Shares 12,205 (+2.0%) Est. Cost $11.81 Unrealized —

JOBY JOBY AVIATION INC 0.2%

Value $245K (+15.6%) Shares 27,428 (+7.1%) Est. Cost $13.55 Unrealized —

TUYA TUYA INC 0.2%

Value $273K (-5.9%) Shares 155,135 (+23.5%) Est. Cost $2.08 Unrealized —

TXNM TXNM ENERGY INC 0.2%

Value $280K (+4.1%) Shares 4,923 (+7.2%) Est. Cost $57.98 Unrealized —

IE IVANHOE ELECTRIC INC 0.1%

Value $154K (-2.5%) Shares 16,050 (+19.9%) Est. Cost $16.07 Unrealized —

LEU CENTRUS ENERGY CORP 0.4%

Value $599K (+0.4%) Shares 3,570 (+3.8%) Est. Cost $282.40 Unrealized —

ACHR ARCHER AVIATION INC 0.1%

Value $135K (-0.1%) Shares 28,564 (+9.2%) Est. Cost $8.41 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSLA	TESLA INC	7,712 (+105.7%)	$3.244M (+132.7%)	2.1%	$426.15	—	COM	88160R101
RR	RICHTECH ROBOTICS INC	1,332,890 (+185.4%)	$2.812M (+188.1%)	1.9%	$2.67	—	CL B	765504105
NVDA	NVIDIA CORPORATION	22,277 (+30.1%)	$4.457M (+49.3%)	3.0%	$189.46	—	COM	67066G104
RKLB	ROCKET LAB CORP	24,758 (+2.8%)	$2.517M (+62.7%)	1.7%	$68.92	—	COM	773121108
SERV	SERVE ROBOTICS INC	237,530 (+180.4%)	$1.563M (+118.6%)	1.0%	$8.46	—	COM	81758H106
PDYN	PALLADYNE AI CORP	520,205 (+32.6%)	$3.163M (+32.8%)	2.1%	$6.53	—	COM NEW	80359A205
LMT	LOCKHEED MARTIN CORP	10,219 (+5.1%)	$5.206M (-11.4%)	3.5%	$530.23	—	COM	539830109
CEG	CONSTELLATION ENERGY CORP	10,826 (+42.6%)	$2.689M (+26.8%)	1.8%	$314.32	—	COM	21037T109
UUUU	ENERGY FUELS INC	45,030 (+106.9%)	$653K (+64.4%)	0.4%	$15.89	—	COM NEW	292671708
BB	BLACKBERRY LTD	21,852 (+48.7%)	$276K (+480.7%)	0.2%	$7.10	—	COM	09228F103
PEG	PUBLIC SVC ENTERPRISE GROUP	12,776 (+21.8%)	$1.037M (+22.1%)	0.7%	$81.17	—	COM	744573106
OKLO	OKLO INC	17,922 (+14.3%)	$938K (+20.6%)	0.6%	$90.83	—	COM CL A	02156V109
KTOS	KRATOS DEFENSE & SEC SOLUTIO	8,505 (+3.9%)	$424K (-26.5%)	0.3%	$88.67	—	COM NEW	50077B207
AEP	AMERICAN ELEC PWR CO INC	8,356 (+9.0%)	$1.143M (+13.8%)	0.8%	$119.70	—	COM	025537101
UEC	URANIUM ENERGY CORP	75,358 (+10.3%)	$803K (-12.9%)	0.5%	$13.71	—	COM	916896103
DUK	DUKE ENERGY CORP NEW	8,757 (+13.7%)	$1.108M (+10.0%)	0.7%	$122.08	—	COM NEW	26441C204
MIR	MIRION TECHNOLOGIES INC	45,824 (+18.0%)	$822K (+13.8%)	0.5%	$23.63	—	COM CL A	60471A101
SMR	NUSCALE PWR CORP	83,323 (+20.4%)	$836K (+11.4%)	0.6%	$20.28	—	CL A COM	67079K100
BIDU	BAIDU INC	13,404 (+1.2%)	$1.532M (+3.8%)	1.0%	$127.35	—	SPON ADR REP A	056752108
ECX	ECARX HOLDINGS INC	120,425 (+17.3%)	$155K (+54.8%)	0.1%	$1.85	—	CLASS A ORD	G29201103
NNE	NANO NUCLEAR ENERGY INC	25,930 (+6.1%)	$548K (+9.5%)	0.4%	$33.29	—	COM	63010H108
LTBR	LIGHTBRIDGE CORP	84,792 (+29.2%)	$745K (+6.5%)	0.5%	$11.02	—	COM	53224K302
BWXT	BWX TECHNOLOGIES INC	7,053 (+1.8%)	$1.373M (-3.1%)	0.9%	$192.48	—	COM	05605H100
USGO	US GOLDMINING INC	12,205 (+2.0%)	$99,227 (-28.7%)	0.1%	$11.81	—	COM	90291W108
JOBY	JOBY AVIATION INC	27,428 (+7.1%)	$245K (+15.6%)	0.2%	$13.55	—	COMMON STOCK	G65163100
TUYA	TUYA INC	155,135 (+23.5%)	$273K (-5.9%)	0.2%	$2.08	—	SPONSERED ADS	90114C107
TXNM	TXNM ENERGY INC	4,923 (+7.2%)	$280K (+4.1%)	0.2%	$57.98	—	COM	69349H107
IE	IVANHOE ELECTRIC INC	16,050 (+19.9%)	$154K (-2.5%)	0.1%	$16.07	—	COM	46578C108
LEU	CENTRUS ENERGY CORP	3,570 (+3.8%)	$599K (+0.4%)	0.4%	$282.40	—	CL A	15643U104
ACHR	ARCHER AVIATION INC	28,564 (+9.2%)	$135K (-0.1%)	0.1%	$8.41	—	COM CL A	03945R102

Exited Positions (42)

HON HONEYWELL INTL INC 3.7%

Value $5.566M Shares 24,625 Est. Cost $203.32 Unrealized —

CCJ CAMECO CORP 1.7%

Value $2.603M Shares 23,937 Est. Cost $94.33 Unrealized —

AGI ALAMOS GOLD INC 1.1%

Value $1.601M Shares 35,993 Est. Cost $35.80 Unrealized —

AEM AGNICO EAGLE MINES LTD 1.0%

Value $1.526M Shares 7,517 Est. Cost $172.95 Unrealized —

EQX EQUINOX GOLD CORP 1.0%

Value $1.487M Shares 102,995 Est. Cost $12.62 Unrealized —

KGC KINROSS GOLD CORP 1.0%

Value $1.455M Shares 47,590 Est. Cost $26.30 Unrealized —

AG FIRST MAJESTIC SILVER CORP 0.9%

Value $1.43M Shares 66,714 Est. Cost $16.81 Unrealized —

IAG IAMGOLD CORP 0.9%

Value $1.413M Shares 75,119 Est. Cost $14.09 Unrealized —

MDALF MDA SPACE LTD 0.9%

Value $1.376M Shares 54,335 Est. Cost $25.60 Unrealized —

BTG B2GOLD CORP 0.7%

Value $1.046M Shares 230,260 Est. Cost $4.67 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 0.6%

Value $958K Shares 7,298 Est. Cost $121.69 Unrealized —

ORLA ORLA MNG LTD NEW 0.6%

Value $900K Shares 55,953 Est. Cost $12.94 Unrealized —

NXE NEXGEN ENERGY LTD 0.6%

Value $886K Shares 76,340 Est. Cost $9.02 Unrealized —

URG UR-ENERGY INC 0.5%

Value $796K Shares 537,427 Est. Cost $1.53 Unrealized —

DNN DENISON MINES CORP 0.5%

Value $784K Shares 221,315 Est. Cost $2.72 Unrealized —

ISOU ISOENERGY LTD 0.5%

Value $761K Shares 71,791 Est. Cost $9.99 Unrealized —

ARIS ARIS MINING CORPORATION 0.4%

Value $674K Shares 36,323 Est. Cost $18.92 Unrealized —

HSAI HESAI GROUP 0.4%

Value $599K Shares 31,346 Est. Cost $20.69 Unrealized —

SVM SILVERCORP METALS INC 0.4%

Value $560K Shares 52,048 Est. Cost $8.87 Unrealized —

TECK TECK RESOURCES LTD 0.4%

Value $536K Shares 10,333 Est. Cost $49.39 Unrealized —

AAUC ALLIED GOLD CORP 0.3%

Value $520K Shares 16,761 Est. Cost $29.54 Unrealized —

UROY URANIUM RTY CORP 0.3%

Value $516K Shares 140,715 Est. Cost $4.08 Unrealized —

TFPM TRIPLE FLAG PRECIOUS METAL 0.3%

Value $507K Shares 14,591 Est. Cost $33.88 Unrealized —

EU ENCORE ENERGY CORP 0.3%

Value $447K Shares 246,624 Est. Cost $2.89 Unrealized —

USAS AMERICAS GOLD AND SILVER COR 0.2%

Value $333K Shares 63,873 Est. Cost $6.01 Unrealized —

KRMN KARMAN HLDGS INC 0.2%

Value $301K Shares 3,758 Est. Cost $96.11 Unrealized —

TGB TASEKO MINES LTD 0.2%

Value $300K Shares 46,359 Est. Cost $6.06 Unrealized —

VZLA VIZSLA SILVER CORP 0.2%

Value $273K Shares 82,291 Est. Cost $4.89 Unrealized —

ERO ERO COPPER CORP 0.2%

Value $255K Shares 9,580 Est. Cost $31.75 Unrealized —

ALB ALBEMARLE CORP 0.2%

Value $250K Shares 1,394 Est. Cost $171.25 Unrealized —

OR OR ROYALTIES INC. 0.2%

Value $247K Shares 6,498 Est. Cost $41.88 Unrealized —

HBM HUDBAY MINERALS INC 0.2%

Value $232K Shares 11,090 Est. Cost $24.45 Unrealized —

XOM EXXON MOBIL CORP 0.1%

Value $216K Shares 1,275 Est. Cost $138.74 Unrealized —

AMCI AMC ROBOTICS CORP 0.1%

Value $213K Shares 39,035 Est. Cost $5.46 Unrealized —

SLSR SOLARIS RES INC 0.1%

Value $212K Shares 24,560 Est. Cost $8.25 Unrealized —

CVX CHEVRON CORPORATION 0.1%

Value $209K Shares 1,009 Est. Cost $171.87 Unrealized —

SSRM SSR MINING IN 0.1%

Value $207K Shares 7,036 Est. Cost $25.47 Unrealized —

OSIS OSI SYSTEMS INC 0.1%

Value $205K Shares 773 Est. Cost $275.87 Unrealized —

ASM AVINO SILVER & GOLD MINES LT 0.1%

Value $146K Shares 22,952 Est. Cost $6.87 Unrealized —

SATL SATELLOGIC INC 0.1%

Value $121K Shares 22,287 Est. Cost $5.44 Unrealized —

LAC LITHIUM AMERS CORP NEW 0.1%

Value $80,599 Shares 20,275 Est. Cost $5.25 Unrealized —

SLI STANDARD LITHIUM LTD 0.0%

Value $39,024 Shares 10,901 Est. Cost $4.75 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HON	HONEYWELL INTL INC	24,625	$5.566M	3.7%	$203.32	—	—	438516106
CCJ	CAMECO CORP	23,937	$2.603M	1.7%	$94.33	—	—	13321L108
AGI	ALAMOS GOLD INC	35,993	$1.601M	1.1%	$35.80	—	—	011532108
AEM	AGNICO EAGLE MINES LTD	7,517	$1.526M	1.0%	$172.95	—	—	008474108
EQX	EQUINOX GOLD CORP	102,995	$1.487M	1.0%	$12.62	—	—	29446Y502
KGC	KINROSS GOLD CORP	47,590	$1.455M	1.0%	$26.30	—	—	496902404
AG	FIRST MAJESTIC SILVER CORP	66,714	$1.43M	0.9%	$16.81	—	—	32076V103
IAG	IAMGOLD CORP	75,119	$1.413M	0.9%	$14.09	—	—	450913108
MDALF	MDA SPACE LTD	54,335	$1.376M	0.9%	$25.60	—	—	55293N109
BTG	B2GOLD CORP	230,260	$1.046M	0.7%	$4.67	—	—	11777Q209
WPM	WHEATON PRECIOUS METALS CORP	7,298	$958K	0.6%	$121.69	—	—	962879102
ORLA	ORLA MNG LTD NEW	55,953	$900K	0.6%	$12.94	—	—	68634K106
NXE	NEXGEN ENERGY LTD	76,340	$886K	0.6%	$9.02	—	—	65340P106
URG	UR-ENERGY INC	537,427	$796K	0.5%	$1.53	—	—	91688R108
DNN	DENISON MINES CORP	221,315	$784K	0.5%	$2.72	—	—	248356107
ISOU	ISOENERGY LTD	71,791	$761K	0.5%	$9.99	—	—	46500E867
ARIS	ARIS MINING CORPORATION	36,323	$674K	0.4%	$18.92	—	—	04040Y109
HSAI	HESAI GROUP	31,346	$599K	0.4%	$20.69	—	—	428050108
SVM	SILVERCORP METALS INC	52,048	$560K	0.4%	$8.87	—	—	82835P103
TECK	TECK RESOURCES LTD	10,333	$536K	0.4%	$49.39	—	—	878742204
AAUC	ALLIED GOLD CORP	16,761	$520K	0.3%	$29.54	—	—	01921D204
UROY	URANIUM RTY CORP	140,715	$516K	0.3%	$4.08	—	—	91702V101
TFPM	TRIPLE FLAG PRECIOUS METAL	14,591	$507K	0.3%	$33.88	—	—	89679M104
EU	ENCORE ENERGY CORP	246,624	$447K	0.3%	$2.89	—	—	29259W700
USAS	AMERICAS GOLD AND SILVER COR	63,873	$333K	0.2%	$6.01	—	—	03062D803
KRMN	KARMAN HLDGS INC	3,758	$301K	0.2%	$96.11	—	—	485924104
TGB	TASEKO MINES LTD	46,359	$300K	0.2%	$6.06	—	—	876511106
VZLA	VIZSLA SILVER CORP	82,291	$273K	0.2%	$4.89	—	—	92859G608
ERO	ERO COPPER CORP	9,580	$255K	0.2%	$31.75	—	—	296006109
ALB	ALBEMARLE CORP	1,394	$250K	0.2%	$171.25	—	—	012653101
OR	OR ROYALTIES INC.	6,498	$247K	0.2%	$41.88	—	—	68390D106
HBM	HUDBAY MINERALS INC	11,090	$232K	0.2%	$24.45	—	—	443628102
XOM	EXXON MOBIL CORP	1,275	$216K	0.1%	$138.74	—	—	30231G102
AMCI	AMC ROBOTICS CORP	39,035	$213K	0.1%	$5.46	—	—	001661107
SLSR	SOLARIS RES INC	24,560	$212K	0.1%	$8.25	—	—	83419D201
CVX	CHEVRON CORPORATION	1,009	$209K	0.1%	$171.87	—	—	166764100
SSRM	SSR MINING IN	7,036	$207K	0.1%	$25.47	—	—	784730103
OSIS	OSI SYSTEMS INC	773	$205K	0.1%	$275.87	—	—	671044105
ASM	AVINO SILVER & GOLD MINES LT	22,952	$146K	0.1%	$6.87	—	—	053906103
SATL	SATELLOGIC INC	22,287	$121K	0.1%	$5.44	—	—	80401C100
LAC	LITHIUM AMERS CORP NEW	20,275	$80,599	0.1%	$5.25	—	—	53681J103
SLI	STANDARD LITHIUM LTD	10,901	$39,024	0.0%	$4.75	—	—	853606101

Decreased Positions (76)

AMD ADVANCED MICRO DEVICES INC 2.6%

Value $3.862M (+158.3%) Shares 6,648 (-9.5%) Est. Cost $224.60 Unrealized —

GE GE AEROSPACE 6.5%

Value $9.761M (+29.4%) Shares 26,117 (-1.7%) Est. Cost $307.47 Unrealized —

NOC NORTHROP GRUMMAN CORP 2.2%

Value $3.377M (-29.8%) Shares 6,630 (-5.9%) Est. Cost $616.93 Unrealized —

BNAI BRAND ENGAGEMENT NETWORK INC 0.6%

Value $861K (-59.1%) Shares 50,338 (-9.4%) Est. Cost $37.90 Unrealized —

QUIK QUICKLOGIC CORP 1.7%

Value $2.525M (+92.9%) Shares 126,423 (-9.4%) Est. Cost $7.64 Unrealized —

GRRR GORILLA TECHNOLOGY GROUP INC 1.2%

Value $1.858M (+72.6%) Shares 93,460 (-8.6%) Est. Cost $14.74 Unrealized —

LHX L3HARRIS TECHNOLOGIES INC 1.7%

Value $2.524M (-20.9%) Shares 8,685 (-6.1%) Est. Cost $310.59 Unrealized —

SNOW SNOWFLAKE INC 1.2%

Value $1.812M (+55.7%) Shares 7,120 (-7.7%) Est. Cost $212.73 Unrealized —

DVLT DATAVAULT AI INC 0.4%

Value $627K (-48.7%) Shares 1,792,477 (-9.4%) Est. Cost $0.80 Unrealized —

NEM NEWMONT CORP 0.7%

Value $1.049M (-35.2%) Shares 11,231 (-24.9%) Est. Cost $104.16 Unrealized —

BZAI BLAIZE HLDGS INC 0.7%

Value $1.052M (-31.3%) Shares 762,160 (-9.4%) Est. Cost $1.64 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.7%

Value $1.083M (-26.4%) Shares 9,285 (-7.7%) Est. Cost $174.26 Unrealized —

AXON AXON ENTERPRISE INC 1.3%

Value $1.945M (+24.9%) Shares 3,470 (-5.4%) Est. Cost $583.32 Unrealized —

HWM HOWMET AEROSPACE INC 3.2%

Value $4.866M (+7.3%) Shares 18,100 (-8.0%) Est. Cost $210.08 Unrealized —

PANW PALO ALTO NETWORKS INC 0.4%

Value $551K (+92.1%) Shares 1,616 (-9.7%) Est. Cost $172.15 Unrealized —

PAAS PAN AMERN SILVER CORP 0.3%

Value $414K (-38.7%) Shares 9,250 (-25.3%) Est. Cost $49.53 Unrealized —

PCG PG&E CORP 0.5%

Value $754K (-25.6%) Shares 44,830 (-22.2%) Est. Cost $16.00 Unrealized —

TDG TRANSDIGM GROUP INC 2.3%

Value $3.411M (+8.2%) Shares 2,561 (-5.9%) Est. Cost $1331.19 Unrealized —

AMBA AMBARELLA INC 0.5%

Value $706K (+51.1%) Shares 8,231 (-9.3%) Est. Cost $80.81 Unrealized —

VERI VERITONE INC 0.3%

Value $405K (-37.0%) Shares 295,941 (-9.4%) Est. Cost $5.38 Unrealized —

HII HUNTINGTON INGALLS INDS INC 0.3%

Value $496K (-30.7%) Shares 1,771 (-5.9%) Est. Cost $349.67 Unrealized —

PGY PAGAYA TECHNOLOGIES LTD 0.5%

Value $733K (+42.0%) Shares 40,151 (-9.4%) Est. Cost $18.54 Unrealized —

EXK ENDEAVOUR SILVER CORP 0.3%

Value $432K (-32.5%) Shares 52,116 (-24.1%) Est. Cost $10.11 Unrealized —

SOUN SOUNDHOUND AI INC 0.7%

Value $1.123M (-14.7%) Shares 173,498 (-9.4%) Est. Cost $12.07 Unrealized —

CRNC CERENCE INC 0.3%

Value $498K (+62.6%) Shares 43,960 (-9.4%) Est. Cost $10.98 Unrealized —

HL HECLA MINING COMPANY 0.2%

Value $253K (-41.6%) Shares 16,382 (-29.5%) Est. Cost $19.60 Unrealized —

INOD INNODATA INC 0.2%

Value $371K (+77.5%) Shares 4,911 (-9.3%) Est. Cost $53.93 Unrealized —

WFC WELLS FARGO & CO 0.6%

Value $963K (-14.4%) Shares 11,647 (-17.5%) Est. Cost $87.14 Unrealized —

BA BOEING CO 4.8%

Value $7.301M (+2.2%) Shares 33,729 (-6.1%) Est. Cost $219.48 Unrealized —

MOG/A MOOG INC 0.4%

Value $547K (+36.4%) Shares 1,290 (-5.8%) Est. Cost $251.73 Unrealized —

GOOGL ALPHABET INC 0.7%

Value $1.1M (+14.0%) Shares 3,077 (-8.3%) Est. Cost $285.60 Unrealized —

AVGO BROADCOM INC 0.8%

Value $1.273M (+11.4%) Shares 3,371 (-8.7%) Est. Cost $357.00 Unrealized —

SCCO SOUTHERN COPPER CORP 0.5%

Value $781K (-13.9%) Shares 4,484 (-15.0%) Est. Cost $158.78 Unrealized —

HEI HEICO CORP NEW 0.4%

Value $675K (+22.7%) Shares 1,895 (-5.6%) Est. Cost $325.40 Unrealized —

ANET ARISTA NETWORKS INC 0.4%

Value $587K (+25.2%) Shares 3,457 (-9.5%) Est. Cost $137.66 Unrealized —

GD GENERAL DYNAMICS CORP 2.4%

Value $3.641M (-3.0%) Shares 10,277 (-6.0%) Est. Cost $346.42 Unrealized —

CR CRANE COMPANY 0.3%

Value $518K (+23.3%) Shares 2,324 (-5.5%) Est. Cost $190.49 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.7%

Value $1.044M (-8.1%) Shares 1,032 (-23.1%) Est. Cost $838.59 Unrealized —

CDE COEUR MNG INC 0.2%

Value $337K (-19.4%) Shares 20,636 (-7.3%) Est. Cost $19.51 Unrealized —

AMZN AMAZON COM INC 0.8%

Value $1.274M (+6.4%) Shares 5,345 (-7.1%) Est. Cost $228.79 Unrealized —

BBAI BIGBEAR AI HLDGS INC 0.7%

Value $1.131M (-5.5%) Shares 308,219 (-9.4%) Est. Cost $6.01 Unrealized —

MS MORGAN STANLEY 0.6%

Value $930K (-6.1%) Shares 4,451 (-26.1%) Est. Cost $167.85 Unrealized —

CW CURTISS WRIGHT CORP 0.9%

Value $1.317M (+4.5%) Shares 1,738 (-6.1%) Est. Cost $595.35 Unrealized —

TDY TELEDYNE TECHNOLOGIES INC 1.0%

Value $1.445M (+4.1%) Shares 2,167 (-5.6%) Est. Cost $562.79 Unrealized —

DUOT DUOS TECHNOLOGIES GROUP INC 0.1%

Value $145K (+58.6%) Shares 12,119 (-9.4%) Est. Cost $9.38 Unrealized —

HXL HEXCEL CORP NEW 0.2%

Value $361K (+16.4%) Shares 3,609 (-5.8%) Est. Cost $84.40 Unrealized —

AIR AAR CORP 0.2%

Value $254K (+22.8%) Shares 1,778 (-5.9%) Est. Cost $106.17 Unrealized —

RZLV REZOLVE AI PLC 0.3%

Value $453K (+11.5%) Shares 143,963 (-9.4%) Est. Cost $3.77 Unrealized —

FCX FREEPORT MCMORAN INC 0.9%

Value $1.386M (-3.2%) Shares 22,040 (-9.5%) Est. Cost $52.00 Unrealized —

TD TORONTO DOMINION BK ONT 0.7%

Value $995K (+4.8%) Shares 8,191 (-19.4%) Est. Cost $84.44 Unrealized —

FTAI FTAI AVIATION LTD 0.8%

Value $1.275M (+3.7%) Shares 4,712 (-6.1%) Est. Cost $211.01 Unrealized —

JPM JPMORGAN CHASE & CO 0.7%

Value $1.077M (-4.0%) Shares 3,291 (-13.7%) Est. Cost $309.71 Unrealized —

RY ROYAL BK CDA 0.7%

Value $1M (+4.4%) Shares 4,834 (-18.4%) Est. Cost $154.53 Unrealized —

AVAV AEROVIRONMENT INC 0.2%

Value $230K (-14.7%) Shares 1,392 (-5.4%) Est. Cost $307.86 Unrealized —

GDYN GRID DYNAMICS HLDGS INC 0.2%

Value $345K (-9.7%) Shares 60,705 (-9.4%) Est. Cost $8.66 Unrealized —

III INFORMATION SVCS GROUP INC 0.8%

Value $1.156M (-3.0%) Shares 281,303 (-9.4%) Est. Cost $5.37 Unrealized —

C CITIGROUP INC 0.6%

Value $950K (-3.6%) Shares 6,787 (-21.9%) Est. Cost $104.29 Unrealized —

ING ING GROEP N.V. 0.7%

Value $998K (+3.6%) Shares 31,807 (-14.0%) Est. Cost $27.82 Unrealized —

CRWV COREWEAVE INC 0.5%

Value $704K (-4.1%) Shares 7,071 (-25.3%) Est. Cost $91.48 Unrealized —

UBS UBS GROUP AG 0.6%

Value $977K (-2.6%) Shares 19,708 (-23.2%) Est. Cost $41.48 Unrealized —

ORCL ORACLE CORP 0.4%

Value $640K (-3.7%) Shares 4,368 (-3.3%) Est. Cost $169.61 Unrealized —

BAC BANK OF AMER CORP 0.6%

Value $967K (-2.3%) Shares 16,971 (-16.4%) Est. Cost $52.81 Unrealized —

AI C3 AI INC 0.6%

Value $938K (-2.2%) Shares 103,241 (-9.4%) Est. Cost $14.36 Unrealized —

NXXT NEXTNRG INC 0.1%

Value $79,343 (-20.7%) Shares 226,564 (-9.4%) Est. Cost $0.96 Unrealized —

RXRX RECURSION PHARMACEUTICALS IN 0.2%

Value $256K (+8.3%) Shares 69,782 (-9.4%) Est. Cost $4.18 Unrealized —

SAN BANCO SANTANDER SA 0.7%

Value $1.015M (+2.0%) Shares 73,516 (-16.7%) Est. Cost $11.69 Unrealized —

MUFG MITSUBISHI UFJ FINANCIAL GRO 0.6%

Value $980K (+2.0%) Shares 49,262 (-13.0%) Est. Cost $15.86 Unrealized —

SMFG SUMITOMO MITSUI FIN GRP INC 0.7%

Value $984K (+1.8%) Shares 41,750 (-14.8%) Est. Cost $19.33 Unrealized —

TXT TEXTRON INC 0.5%

Value $765K (-1.5%) Shares 8,337 (-6.0%) Est. Cost $87.79 Unrealized —

HSBC HSBC HLDGS PLC 0.7%

Value $986K (-0.8%) Shares 10,367 (-14.0%) Est. Cost $78.67 Unrealized —

DB DEUTSCHE BK AG 0.6%

Value $969K (-0.5%) Shares 28,695 (-12.3%) Est. Cost $36.59 Unrealized —

SPCE VIRGIN GALACTIC HOLDINGS INC 0.0%

Value $34,090 (+11.8%) Shares 11,796 (-6.0%) Est. Cost $2.85 Unrealized —

MFG MIZUHO FINANCIAL GROUP INC 0.7%

Value $983K (+0.3%) Shares 102,648 (-16.8%) Est. Cost $7.32 Unrealized —

STT STATE STR CORP 0.7%

Value $987K (-0.3%) Shares 5,820 (-26.1%) Est. Cost $119.46 Unrealized —

EVEX EVE HLDG INC 0.0%

Value $28,325 (-4.9%) Shares 11,285 (-6.0%) Est. Cost $3.82 Unrealized —

BK BANK OF NY MELLON CORP 0.7%

Value $983K (+0.1%) Shares 6,795 (-17.9%) Est. Cost $110.50 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMD	ADVANCED MICRO DEVICES INC	6,648 (-9.5%)	$3.862M (+158.3%)	2.6%	$224.60	—	COM	007903107
GE	GE AEROSPACE	26,117 (-1.7%)	$9.761M (+29.4%)	6.5%	$307.47	—	COM NEW	369604301
NOC	NORTHROP GRUMMAN CORP	6,630 (-5.9%)	$3.377M (-29.8%)	2.2%	$616.93	—	COM	666807102
BNAI	BRAND ENGAGEMENT NETWORK INC	50,338 (-9.4%)	$861K (-59.1%)	0.6%	$37.90	—	COM	104932207
QUIK	QUICKLOGIC CORP	126,423 (-9.4%)	$2.525M (+92.9%)	1.7%	$7.64	—	COM NEW	74837P405
GRRR	GORILLA TECHNOLOGY GROUP INC	93,460 (-8.6%)	$1.858M (+72.6%)	1.2%	$14.74	—	SHS NEW	G4000K175
LHX	L3HARRIS TECHNOLOGIES INC	8,685 (-6.1%)	$2.524M (-20.9%)	1.7%	$310.59	—	COM	502431109
SNOW	SNOWFLAKE INC	7,120 (-7.7%)	$1.812M (+55.7%)	1.2%	$212.73	—	COM SHS	833445109
DVLT	DATAVAULT AI INC	1,792,477 (-9.4%)	$627K (-48.7%)	0.4%	$0.80	—	COM SHS	86633R609
NEM	NEWMONT CORP	11,231 (-24.9%)	$1.049M (-35.2%)	0.7%	$104.16	—	COM	651639106
BZAI	BLAIZE HLDGS INC	762,160 (-9.4%)	$1.052M (-31.3%)	0.7%	$1.64	—	COM	092915107
PLTR	PALANTIR TECHNOLOGIES INC	9,285 (-7.7%)	$1.083M (-26.4%)	0.7%	$174.26	—	CL A	69608A108
AXON	AXON ENTERPRISE INC	3,470 (-5.4%)	$1.945M (+24.9%)	1.3%	$583.32	—	COM	05464C101
HWM	HOWMET AEROSPACE INC	18,100 (-8.0%)	$4.866M (+7.3%)	3.2%	$210.08	—	COM	443201108
PANW	PALO ALTO NETWORKS INC	1,616 (-9.7%)	$551K (+92.1%)	0.4%	$172.15	—	COM	697435105
PAAS	PAN AMERN SILVER CORP	9,250 (-25.3%)	$414K (-38.7%)	0.3%	$49.53	—	COM	697900108
PCG	PG&E CORP	44,830 (-22.2%)	$754K (-25.6%)	0.5%	$16.00	—	COM	69331C108
TDG	TRANSDIGM GROUP INC	2,561 (-5.9%)	$3.411M (+8.2%)	2.3%	$1331.19	—	COM	893641100
AMBA	AMBARELLA INC	8,231 (-9.3%)	$706K (+51.1%)	0.5%	$80.81	—	SHS	G037AX101
VERI	VERITONE INC	295,941 (-9.4%)	$405K (-37.0%)	0.3%	$5.38	—	COM	92347M100
HII	HUNTINGTON INGALLS INDS INC	1,771 (-5.9%)	$496K (-30.7%)	0.3%	$349.67	—	COM	446413106
PGY	PAGAYA TECHNOLOGIES LTD	40,151 (-9.4%)	$733K (+42.0%)	0.5%	$18.54	—	CL A NEW	M7S64L123
EXK	ENDEAVOUR SILVER CORP	52,116 (-24.1%)	$432K (-32.5%)	0.3%	$10.11	—	COM	29258Y103
SOUN	SOUNDHOUND AI INC	173,498 (-9.4%)	$1.123M (-14.7%)	0.7%	$12.07	—	CLASS A COM	836100107
CRNC	CERENCE INC	43,960 (-9.4%)	$498K (+62.6%)	0.3%	$10.98	—	COM	156727109
HL	HECLA MINING COMPANY	16,382 (-29.5%)	$253K (-41.6%)	0.2%	$19.60	—	COM	422704106
INOD	INNODATA INC	4,911 (-9.3%)	$371K (+77.5%)	0.2%	$53.93	—	COM NEW	457642205
WFC	WELLS FARGO & CO	11,647 (-17.5%)	$963K (-14.4%)	0.6%	$87.14	—	COM	949746101
BA	BOEING CO	33,729 (-6.1%)	$7.301M (+2.2%)	4.8%	$219.48	—	COM	097023105
MOG/A	MOOG INC	1,290 (-5.8%)	$547K (+36.4%)	0.4%	$251.73	—	CL A	615394202
GOOGL	ALPHABET INC	3,077 (-8.3%)	$1.1M (+14.0%)	0.7%	$285.60	—	CAP STK CL A	02079K305
AVGO	BROADCOM INC	3,371 (-8.7%)	$1.273M (+11.4%)	0.8%	$357.00	—	COM	11135F101
SCCO	SOUTHERN COPPER CORP	4,484 (-15.0%)	$781K (-13.9%)	0.5%	$158.78	—	COM	84265V105
HEI	HEICO CORP NEW	1,895 (-5.6%)	$675K (+22.7%)	0.4%	$325.40	—	COM	422806109
ANET	ARISTA NETWORKS INC	3,457 (-9.5%)	$587K (+25.2%)	0.4%	$137.66	—	COM SHS	040413205
GD	GENERAL DYNAMICS CORP	10,277 (-6.0%)	$3.641M (-3.0%)	2.4%	$346.42	—	COM	369550108
CR	CRANE COMPANY	2,324 (-5.5%)	$518K (+23.3%)	0.3%	$190.49	—	COMMON STOCK	224408104
GS	GOLDMAN SACHS GROUP INC	1,032 (-23.1%)	$1.044M (-8.1%)	0.7%	$838.59	—	COM	38141G104
CDE	COEUR MNG INC	20,636 (-7.3%)	$337K (-19.4%)	0.2%	$19.51	—	COM NEW	192108504
AMZN	AMAZON COM INC	5,345 (-7.1%)	$1.274M (+6.4%)	0.8%	$228.79	—	COM	023135106
BBAI	BIGBEAR AI HLDGS INC	308,219 (-9.4%)	$1.131M (-5.5%)	0.7%	$6.01	—	COM	08975B109
MS	MORGAN STANLEY	4,451 (-26.1%)	$930K (-6.1%)	0.6%	$167.85	—	COM NEW	617446448
CW	CURTISS WRIGHT CORP	1,738 (-6.1%)	$1.317M (+4.5%)	0.9%	$595.35	—	COM	231561101
TDY	TELEDYNE TECHNOLOGIES INC	2,167 (-5.6%)	$1.445M (+4.1%)	1.0%	$562.79	—	COM	879360105
DUOT	DUOS TECHNOLOGIES GROUP INC	12,119 (-9.4%)	$145K (+58.6%)	0.1%	$9.38	—	COM	266042407
HXL	HEXCEL CORP NEW	3,609 (-5.8%)	$361K (+16.4%)	0.2%	$84.40	—	COM	428291108
AIR	AAR CORP	1,778 (-5.9%)	$254K (+22.8%)	0.2%	$106.17	—	COM	000361105
RZLV	REZOLVE AI PLC	143,963 (-9.4%)	$453K (+11.5%)	0.3%	$3.77	—	ORD SHS	G75398100
FCX	FREEPORT MCMORAN INC	22,040 (-9.5%)	$1.386M (-3.2%)	0.9%	$52.00	—	CL B	35671D857
TD	TORONTO DOMINION BK ONT	8,191 (-19.4%)	$995K (+4.8%)	0.7%	$84.44	—	COM NEW	891160509
FTAI	FTAI AVIATION LTD	4,712 (-6.1%)	$1.275M (+3.7%)	0.8%	$211.01	—	SHS	G3730V105
JPM	JPMORGAN CHASE & CO	3,291 (-13.7%)	$1.077M (-4.0%)	0.7%	$309.71	—	COM	46625H100
RY	ROYAL BK CDA	4,834 (-18.4%)	$1M (+4.4%)	0.7%	$154.53	—	COM	780087102
AVAV	AEROVIRONMENT INC	1,392 (-5.4%)	$230K (-14.7%)	0.2%	$307.86	—	COM	008073108
GDYN	GRID DYNAMICS HLDGS INC	60,705 (-9.4%)	$345K (-9.7%)	0.2%	$8.66	—	CL A	39813G109
III	INFORMATION SVCS GROUP INC	281,303 (-9.4%)	$1.156M (-3.0%)	0.8%	$5.37	—	COM	45675Y104
C	CITIGROUP INC	6,787 (-21.9%)	$950K (-3.6%)	0.6%	$104.29	—	COM NEW	172967424
ING	ING GROEP N.V.	31,807 (-14.0%)	$998K (+3.6%)	0.7%	$27.82	—	SPONSORED ADR	456837103
CRWV	COREWEAVE INC	7,071 (-25.3%)	$704K (-4.1%)	0.5%	$91.48	—	COM CL A	21873S108
UBS	UBS GROUP AG	19,708 (-23.2%)	$977K (-2.6%)	0.6%	$41.48	—	SHS	H42097107
ORCL	ORACLE CORP	4,368 (-3.3%)	$640K (-3.7%)	0.4%	$169.61	—	COM	68389X105
BAC	BANK OF AMER CORP	16,971 (-16.4%)	$967K (-2.3%)	0.6%	$52.81	—	COM	060505104
AI	C3 AI INC	103,241 (-9.4%)	$938K (-2.2%)	0.6%	$14.36	—	CL A	12468P104
NXXT	NEXTNRG INC	226,564 (-9.4%)	$79,343 (-20.7%)	0.1%	$0.96	—	COM	652941105
RXRX	RECURSION PHARMACEUTICALS IN	69,782 (-9.4%)	$256K (+8.3%)	0.2%	$4.18	—	CL A	75629V104
SAN	BANCO SANTANDER SA	73,516 (-16.7%)	$1.015M (+2.0%)	0.7%	$11.69	—	ADR	05964H105
MUFG	MITSUBISHI UFJ FINANCIAL GRO	49,262 (-13.0%)	$980K (+2.0%)	0.6%	$15.86	—	SPONSORED ADS	606822104
SMFG	SUMITOMO MITSUI FIN GRP INC	41,750 (-14.8%)	$984K (+1.8%)	0.7%	$19.33	—	SPONSORED ADR	86562M209
TXT	TEXTRON INC	8,337 (-6.0%)	$765K (-1.5%)	0.5%	$87.79	—	COM	883203101
HSBC	HSBC HLDGS PLC	10,367 (-14.0%)	$986K (-0.8%)	0.7%	$78.67	—	SPON ADR NEW	404280406
DB	DEUTSCHE BK AG	28,695 (-12.3%)	$969K (-0.5%)	0.6%	$36.59	—	NAMEN AKT	D18190898
SPCE	VIRGIN GALACTIC HOLDINGS INC	11,796 (-6.0%)	$34,090 (+11.8%)	0.0%	$2.85	—	COM NEW	92766K403
MFG	MIZUHO FINANCIAL GROUP INC	102,648 (-16.8%)	$983K (+0.3%)	0.7%	$7.32	—	SPONSORED ADR	60687Y109
STT	STATE STR CORP	5,820 (-26.1%)	$987K (-0.3%)	0.7%	$119.46	—	COM	857477103
EVEX	EVE HLDG INC	11,285 (-6.0%)	$28,325 (-4.9%)	0.0%	$3.82	—	COM	29970N104
BK	BANK OF NY MELLON CORP	6,795 (-17.9%)	$983K (+0.1%)	0.7%	$110.50	—	COM	064058100

Unchanged Positions (3)

TER TERADYNE INC 2.3%

Value $3.399M Shares 7,026 Est. Cost $214.64 Unrealized —

GFI GOLD FIELDS LTD 0.7%

Value $1.007M Shares 29,966 Est. Cost $43.72 Unrealized —

AU ANGLOGOLD ASHANTI PLC 0.8%

Value $1.205M Shares 14,899 Est. Cost $77.50 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TER	TERADYNE INC	7,026	$3.399M	2.3%	$214.64	—	COM	880770102
GFI	GOLD FIELDS LTD	29,966	$1.007M	0.7%	$43.72	—	SPONSORED ADR	38059T106
AU	ANGLOGOLD ASHANTI PLC	14,899	$1.205M	0.8%	$77.50	—	COM SHS	G0378L100