Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CPA	COPA HOLDINGS SA	494,900	$76.99M	4.0%	—	—	CL A	P31076105
SPOT	SPOTIFY TECHNOLOGY S A	93,500	$42.93M	2.2%	—	—	SHS	L8681T102
CCS	CENTURY COMMUNITIES INC	487,000	$34.9M	1.8%	—	—	COM	156504300
HCA	HCA HEALTHCARE INC	38,500	$15.01M	0.8%	—	—	COM	40412C101
INGM	INGRAM MICRO HLDG CORP	395,000	$10.83M	0.6%	—	—	COM	457152106
LKQ	LKQ CORP	265,000	$6.977M	0.4%	—	—	COM	501889208
NSP	INSPERITY INC	165,000	$6.816M	0.4%	—	—	COM	45778Q107
IOT	SAMSARA INC	175,000	$5.675M	0.3%	—	—	COM CL A	79589L106
FRMI	FERMI INC	600,000	$5.496M	0.3%	—	—	COM	314911108
GDS	GDS HLDGS LTD	179,000	$5.375M	0.3%	—	—	SPONSORED ADS	36165L108
FRMI	FERMI INC	150,000	$1.374M	0.1%	—	—	CALL	314911108

Increased Positions (24)

CDW CDW CORP 3.5%

Value $68M (+123.9%) Shares 483,500 (+92.6%) Est. Cost — Unrealized —

AXTA AXALTA COATING SYS LTD 6.0%

Value $117M (+46.1%) Shares 3,423,648 (+18.2%) Est. Cost — Unrealized —

MA MASTERCARD INCORPORATED 2.9%

Value $56.22M (+157.7%) Shares 109,454 (+150.7%) Est. Cost — Unrealized —

META META PLATFORMS INC 3.4%

Value $65.33M (+61.2%) Shares 115,985 (+63.7%) Est. Cost — Unrealized —

IQV IQVIA HLDGS INC 3.2%

Value $61.42M (+55.0%) Shares 317,900 (+36.8%) Est. Cost — Unrealized —

V VISA INC 2.1%

Value $41.37M (+91.2%) Shares 120,578 (+68.5%) Est. Cost — Unrealized —

CRL CHARLES RIV LABS INTL INC 1.6%

Value $30.39M (+155.3%) Shares 134,000 (+94.2%) Est. Cost — Unrealized —

ALLY ALLY FINL INC 4.2%

Value $80.82M (+24.6%) Shares 1,758,809 (+6.4%) Est. Cost — Unrealized —

FAF FIRST AMERN FINL CORP 2.6%

Value $50.48M (+30.0%) Shares 735,904 (+14.3%) Est. Cost — Unrealized —

VTRS VIATRIS INC 3.1%

Value $59.33M (+19.6%) Shares 3,735,900 (+1.8%) Est. Cost — Unrealized —

ABG ASBURY AUTOMOTIVE GROUP INC 1.9%

Value $35.92M (+35.5%) Shares 178,629 (+31.7%) Est. Cost — Unrealized —

SW SMURFIT WESTROCK PLC 1.7%

Value $33.67M (+25.0%) Shares 727,897 (+7.7%) Est. Cost — Unrealized —

BKNG BOOKING HOLDINGS INC 1.5%

Value $29.45M (+25.0%) Shares 165,200 (+2852.6%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 1.1%

Value $21.65M (+30.8%) Shares 60,580 (+5.2%) Est. Cost — Unrealized —

CPNG COUPANG INC 1.2%

Value $22.67M (+15.4%) Shares 1,305,000 (+25.5%) Est. Cost — Unrealized —

SPGI S&P GLOBAL INC 1.1%

Value $21.08M (+13.3%) Shares 51,750 (+18.3%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 2.0%

Value $37.87M (+6.0%) Shares 101,534 (+5.2%) Est. Cost — Unrealized —

LEG LEGGETT & PLATT INC 0.5%

Value $9.719M (+26.1%) Shares 830,000 (+6.4%) Est. Cost — Unrealized —

APO APOLLO GLOBAL MGMT INC 1.4%

Value $26.88M (+7.6%) Shares 227,197 (+1.3%) Est. Cost — Unrealized —

AMRZ AMRIZE LTD 2.4%

Value $47.34M (+3.8%) Shares 888,200 (+9.1%) Est. Cost — Unrealized —

GPI GROUP 1 AUTOMOTIVE INC 3.7%

Value $72.1M (+2.3%) Shares 247,614 (+16.2%) Est. Cost — Unrealized —

JD JD.COM INC 1.3%

Value $25.71M (-3.8%) Shares 1,009,050 (+11.6%) Est. Cost — Unrealized —

SSNC SS&C TECH HLDGS 3.3%

Value $63.1M (-1.4%) Shares 1,016,954 (+7.4%) Est. Cost — Unrealized —

NICE NICE LTD 0.3%

Value $5.833M (-2.4%) Shares 64,200 (+18.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CDW	CDW CORP	483,500 (+92.6%)	$68M (+123.9%)	3.5%	—	—	COM	12514G108
AXTA	AXALTA COATING SYS LTD	3,423,648 (+18.2%)	$117M (+46.1%)	6.0%	—	—	COM	G0750C108
MA	MASTERCARD INCORPORATED	109,454 (+150.7%)	$56.22M (+157.7%)	2.9%	—	—	CL A	57636Q104
META	META PLATFORMS INC	115,985 (+63.7%)	$65.33M (+61.2%)	3.4%	—	—	CL A	30303M102
IQV	IQVIA HLDGS INC	317,900 (+36.8%)	$61.42M (+55.0%)	3.2%	—	—	COM	46266C105
V	VISA INC	120,578 (+68.5%)	$41.37M (+91.2%)	2.1%	—	—	COM CL A	92826C839
CRL	CHARLES RIV LABS INTL INC	134,000 (+94.2%)	$30.39M (+155.3%)	1.6%	—	—	COM	159864107
ALLY	ALLY FINL INC	1,758,809 (+6.4%)	$80.82M (+24.6%)	4.2%	—	—	COM	02005N100
FAF	FIRST AMERN FINL CORP	735,904 (+14.3%)	$50.48M (+30.0%)	2.6%	—	—	COM	31847R102
VTRS	VIATRIS INC	3,735,900 (+1.8%)	$59.33M (+19.6%)	3.1%	—	—	COM	92556V106
ABG	ASBURY AUTOMOTIVE GROUP INC	178,629 (+31.7%)	$35.92M (+35.5%)	1.9%	—	—	COM	043436104
SW	SMURFIT WESTROCK PLC	727,897 (+7.7%)	$33.67M (+25.0%)	1.7%	—	—	SHS	G8267P108
BKNG	BOOKING HOLDINGS INC	165,200 (+2852.6%)	$29.45M (+25.0%)	1.5%	—	—	COM	09857L108
GOOGL	ALPHABET INC	60,580 (+5.2%)	$21.65M (+30.8%)	1.1%	—	—	CAP STK CL A	02079K305
CPNG	COUPANG INC	1,305,000 (+25.5%)	$22.67M (+15.4%)	1.2%	—	—	CL A	22266T109
SPGI	S&P GLOBAL INC	51,750 (+18.3%)	$21.08M (+13.3%)	1.1%	—	—	COM	78409V104
MSFT	MICROSOFT CORP	101,534 (+5.2%)	$37.87M (+6.0%)	2.0%	—	—	COM	594918104
LEG	LEGGETT & PLATT INC	830,000 (+6.4%)	$9.719M (+26.1%)	0.5%	—	—	COM	524660107
APO	APOLLO GLOBAL MGMT INC	227,197 (+1.3%)	$26.88M (+7.6%)	1.4%	—	—	COM	03769M106
AMRZ	AMRIZE LTD	888,200 (+9.1%)	$47.34M (+3.8%)	2.4%	—	—	SHS	H2927K103
GPI	GROUP 1 AUTOMOTIVE INC	247,614 (+16.2%)	$72.1M (+2.3%)	3.7%	—	—	COM	398905109
JD	JD.COM INC	1,009,050 (+11.6%)	$25.71M (-3.8%)	1.3%	—	—	SPON ADS CL A	47215P106
SSNC	SS&C TECH HLDGS	1,016,954 (+7.4%)	$63.1M (-1.4%)	3.3%	—	—	COM	78467J100
NICE	NICE LTD	64,200 (+18.5%)	$5.833M (-2.4%)	0.3%	—	—	CALL	653656108

Exited Positions (15)

AL AIR LEASE CORP 1.6%

Value $31.55M Shares 485,878 Est. Cost — Unrealized —

BZH BEAZER HOMES USA INC 0.8%

Value $14.96M Shares 777,506 Est. Cost — Unrealized —

FIX COMFORT SYS USA INC 0.6%

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

TFX TELEFLEX INCORPORATED 0.4%

Value $7.655M Shares 64,000 Est. Cost — Unrealized —

C CITIGROUP INC 0.4%

Value $7.297M Shares 64,339 Est. Cost — Unrealized —

DELL DELL TECHNOLOGIES INC 0.3%

Value $5.876M Shares 35,800 Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 0.3%

Value $4.906M Shares 8,500 Est. Cost — Unrealized —

ASST STRIVE INC 0.2%

Value $3.292M Shares 328,570 Est. Cost — Unrealized —

COF CAPITAL ONE FINL CORP 0.2%

Value $3.284M Shares 18,000 Est. Cost — Unrealized —

WAY WAYSTAR HLDG CORP 0.1%

Value $2.331M Shares 96,700 Est. Cost — Unrealized —

IONQ IONQ INC 0.1%

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

BAND BANDWIDTH INC 0.1%

Value $1.171M Shares 65,721 Est. Cost — Unrealized —

QS QUANTUMSCAPE CORP 0.0%

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

QBTS D-WAVE QUANTUM INC 0.0%

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

QUBT QUANTUM COMPUTING INC 0.0%

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

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AL	AIR LEASE CORP	485,878	$31.55M	1.6%	—	—	—	00912X302
BZH	BEAZER HOMES USA INC	777,506	$14.96M	0.8%	—	—	—	07556Q881
FIX	COMFORT SYS USA INC	8,000	$11.03M	0.6%	—	—	PUT	199908104
TFX	TELEFLEX INCORPORATED	64,000	$7.655M	0.4%	—	—	—	879369106
C	CITIGROUP INC	64,339	$7.297M	0.4%	—	—	—	172967424
DELL	DELL TECHNOLOGIES INC	35,800	$5.876M	0.3%	—	—	—	24703L202
QQQ	INVESCO QQQ TR	8,500	$4.906M	0.3%	—	—	—	46090E103
ASST	STRIVE INC	328,570	$3.292M	0.2%	—	—	—	862945300
COF	CAPITAL ONE FINL CORP	18,000	$3.284M	0.2%	—	—	—	14040H105
WAY	WAYSTAR HLDG CORP	96,700	$2.331M	0.1%	—	—	—	946784105
IONQ	IONQ INC	50,000	$1.442M	0.1%	—	—	PUT	46222L108
BAND	BANDWIDTH INC	65,721	$1.171M	0.1%	—	—	—	05988J103
QS	QUANTUMSCAPE CORP	120,000	$766K	0.0%	—	—	PUT	74767V109
QBTS	D-WAVE QUANTUM INC	20,000	$289K	0.0%	—	—	PUT	26740W109
QUBT	QUANTUM COMPUTING INC	15,000	$103K	0.0%	—	—	PUT	74766W108

Decreased Positions (15)

ICLR ICON PUB LTD CO 5.2%

Value $102M (+22.9%) Shares 585,200 (-21.7%) Est. Cost — Unrealized —

UNFI UNITED NAT FOODS INC 0.8%

Value $15.98M (-45.8%) Shares 350,000 (-46.6%) Est. Cost — Unrealized —

SHC SOTERA HEALTH CO 3.6%

Value $70.64M (+20.0%) Shares 3,979,581 (-3.0%) Est. Cost — Unrealized —

HSIC SCHEIN HENRY INC 0.4%

Value $8.101M (-58.0%) Shares 97,000 (-63.0%) Est. Cost — Unrealized —

ELV ELEVANCE HEALTH INC FORMERLY 1.2%

Value $22.95M (-30.2%) Shares 59,350 (-47.2%) Est. Cost — Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.2%

Value $3.779M (-66.8%) Shares 113,510 (-61.7%) Est. Cost — Unrealized —

KMPR KEMPER CORP 0.5%

Value $9.25M (-39.6%) Shares 343,090 (-31.5%) Est. Cost — Unrealized —

UNP UNION PAC CORP 1.4%

Value $27.66M (-16.6%) Shares 101,700 (-25.6%) Est. Cost — Unrealized —

CMCSA COMCAST CORP NEW 0.5%

Value $10.33M (-28.2%) Shares 420,748 (-16.0%) Est. Cost — Unrealized —

BC BRUNSWICK CORP 2.0%

Value $38.79M (-9.3%) Shares 460,467 (-21.6%) Est. Cost — Unrealized —

TFSL TFS FINL CORP 1.9%

Value $36.69M (-7.9%) Shares 2,070,382 (-27.0%) Est. Cost — Unrealized —

RELY REMITLY GLOBAL INC 0.9%

Value $16.83M (-10.6%) Shares 751,200 (-37.5%) Est. Cost — Unrealized —

AVT AVNET INC 0.3%

Value $6.395M (+25.0%) Shares 72,000 (-13.3%) Est. Cost — Unrealized —

ARW ARROW ELECTRS INC 1.9%

Value $37.64M (+2.8%) Shares 176,360 (-30.9%) Est. Cost — Unrealized —

DKNG DRAFTKINGS INC NEW 0.4%

Value $7.692M (-2.4%) Shares 304,500 (-16.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ICLR	ICON PUB LTD CO	585,200 (-21.7%)	$102M (+22.9%)	5.2%	—	—	SHS	G4705A100
UNFI	UNITED NAT FOODS INC	350,000 (-46.6%)	$15.98M (-45.8%)	0.8%	—	—	COM	911163103
SHC	SOTERA HEALTH CO	3,979,581 (-3.0%)	$70.64M (+20.0%)	3.6%	—	—	COM	83601L102
HSIC	SCHEIN HENRY INC	97,000 (-63.0%)	$8.101M (-58.0%)	0.4%	—	—	COM	806407102
ELV	ELEVANCE HEALTH INC FORMERLY	59,350 (-47.2%)	$22.95M (-30.2%)	1.2%	—	—	COM	036752103
IBIT	ISHARES BITCOIN TRUST ETF	113,510 (-61.7%)	$3.779M (-66.8%)	0.2%	—	—	SHS BEN INT	46438F101
KMPR	KEMPER CORP	343,090 (-31.5%)	$9.25M (-39.6%)	0.5%	—	—	COM	488401100
UNP	UNION PAC CORP	101,700 (-25.6%)	$27.66M (-16.6%)	1.4%	—	—	COM	907818108
CMCSA	COMCAST CORP NEW	420,748 (-16.0%)	$10.33M (-28.2%)	0.5%	—	—	CL A	20030N101
BC	BRUNSWICK CORP	460,467 (-21.6%)	$38.79M (-9.3%)	2.0%	—	—	COM	117043109
TFSL	TFS FINL CORP	2,070,382 (-27.0%)	$36.69M (-7.9%)	1.9%	—	—	COM	87240R107
RELY	REMITLY GLOBAL INC	751,200 (-37.5%)	$16.83M (-10.6%)	0.9%	—	—	COM	75960P104
AVT	AVNET INC	72,000 (-13.3%)	$6.395M (+25.0%)	0.3%	—	—	COM	053807103
ARW	ARROW ELECTRS INC	176,360 (-30.9%)	$37.64M (+2.8%)	1.9%	—	—	COM	042735100
DKNG	DRAFTKINGS INC NEW	304,500 (-16.5%)	$7.692M (-2.4%)	0.4%	—	—	COM CL A	26142V105

Unchanged Positions (15)

CI THE CIGNA GROUP 6.1%

Value $118M Shares 427,807 Est. Cost — Unrealized —

TBLA TABOOLA.COM LTD 0.5%

Value $9.468M Shares 1,893,541 Est. Cost — Unrealized —

WEX WEX INC 1.5%

Value $28.35M Shares 200,968 Est. Cost — Unrealized —

NICE NICE LTD 0.5%

Value $10.61M Shares 116,800 Est. Cost — Unrealized —

KLAR KLARNA GROUP PLC 0.3%

Value $5.465M Shares 270,000 Est. Cost — Unrealized —

GPN GLOBAL PMTS INC 0.9%

Value $17.73M Shares 244,300 Est. Cost — Unrealized —

SBET SHARPLINK INC 0.1%

Value $2.683M Shares 559,000 Est. Cost — Unrealized —

GBTC GRAYSCALE BITCOIN TRUST ETF 0.3%

Value $5.622M Shares 123,500 Est. Cost — Unrealized —

EME EMCOR GROUP INC 0.3%

Value $5.809M Shares 7,000 Est. Cost — Unrealized —

HIPO HIPPO HLDGS INC 0.3%

Value $5.369M Shares 190,000 Est. Cost — Unrealized —

SNAP SNAP INC 0.3%

Value $5.55M Shares 1,250,000 Est. Cost — Unrealized —

LRN STRIDE INC 0.4%

Value $7.762M Shares 90,000 Est. Cost — Unrealized —

VSNT VERSANT MEDIA GROUP INC 0.2%

Value $3.746M Shares 104,029 Est. Cost — Unrealized —

BTC GRAYSCALE BITCOIN MINI TR ET 0.0%

Value $641K Shares 24,700 Est. Cost — Unrealized —

LAW CS DISCO INC 0.2%

Value $4.183M Shares 1,106,531 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CI	THE CIGNA GROUP	427,807	$118M	6.1%	—	—	COM	125523100
TBLA	TABOOLA.COM LTD	1,893,541	$9.468M	0.5%	—	—	ORD SHS	M8744T106
WEX	WEX INC	200,968	$28.35M	1.5%	—	—	COM	96208T104
NICE	NICE LTD	116,800	$10.61M	0.5%	—	—	SPONSORED ADR	653656108
KLAR	KLARNA GROUP PLC	270,000	$5.465M	0.3%	—	—	SHS	G5279N105
GPN	GLOBAL PMTS INC	244,300	$17.73M	0.9%	—	—	COM	37940X102
SBET	SHARPLINK INC	559,000	$2.683M	0.1%	—	—	COM NEW	820014405
GBTC	GRAYSCALE BITCOIN TRUST ETF	123,500	$5.622M	0.3%	—	—	SHS REP COM UT	389637109
EME	EMCOR GROUP INC	7,000	$5.809M	0.3%	—	—	COM	29084Q100
HIPO	HIPPO HLDGS INC	190,000	$5.369M	0.3%	—	—	COM NEW	433539202
SNAP	SNAP INC	1,250,000	$5.55M	0.3%	—	—	CALL	83304A106
LRN	STRIDE INC	90,000	$7.762M	0.4%	—	—	COM	86333M108
VSNT	VERSANT MEDIA GROUP INC	104,029	$3.746M	0.2%	—	—	COM CL A	925283103
BTC	GRAYSCALE BITCOIN MINI TR ET	24,700	$641K	0.0%	—	—	SHS NEW	389930207
LAW	CS DISCO INC	1,106,531	$4.183M	0.2%	—	—	COM	126327105