Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CRM	SALESFORCE INC	154,577	$28.85M	3.3%	$215.77	0.0%	COM	79466L302
NOW	SERVICENOW INC	238,372	$24.92M	2.9%	$121.19	0.0%	COM	81762P102
MSI	MOTOROLA SOLUTIONS INC	105	$45,567	0.0%	$415.89	0.0%	COM NEW	620076307
DAL	DELTA AIR LINES INC	609	$40,486	0.0%	$69.85	0.0%	COM NEW	247361702
CDNS	CADENCE DESIGN SYSTEM INC	135	$37,512	0.0%	$303.32	0.0%	COM	127387108
LNG	CHENIERE ENERGY INC	131	$37,173	0.0%	$209.78	0.0%	COM NEW	16411R208
UAL	UNITED AIRLS HLDGS INC	400	$36,828	0.0%	$111.68	0.0%	COM	910047109
SPGI	S&P GLOBAL INC	81	$34,453	0.0%	$485.25	0.0%	COM	78409V104
MELI	MERCADOLIBRE INC	18	$31,122	0.0%	$2066.46	0.0%	COM	58733R102
STLD	STEEL DYNAMICS INC	147	$26,460	0.0%	$184.13	0.0%	COM	858119100
VRTX	VERTEX PHARMACEUTICALS INC	57	$25,453	0.0%	$467.55	0.0%	COM	92532F100
ANET	ARISTA NETWORKS INC	204	$25,047	0.0%	$135.05	0.0%	COM SHS	040413205
MA	MASTERCARD INCORPORATED	48	$23,984	0.0%	$539.05	0.0%	CL A	57636Q104
TRGP	TARGA RES CORP	94	$23,569	0.0%	$201.70	0.0%	COM	87612G101
PCG	PG&E CORP	1,196	$21,014	0.0%	$16.39	0.0%	COM	69331C108
ISRG	INTUITIVE SURGICAL INC	45	$20,745	0.0%	$520.97	0.0%	COM NEW	46120E602
LIN	LINDE PLC	41	$20,326	0.0%	$460.00	0.0%	SHS	G54950103
BLK	BLACKROCK INC	21	$20,196	0.0%	$1097.38	0.0%	COM	09290D101
GE	GE AEROSPACE	71	$20,148	0.0%	$318.19	0.0%	COM NEW	369604301
FSLR	FIRST SOLAR INC	102	$20,121	0.0%	$237.12	0.0%	COM	336433107
WDC	WESTERN DIGITAL CORP	71	$19,205	0.0%	$251.23	0.0%	COM	958102105
V	VISA INC	61	$18,437	0.0%	$329.17	0.0%	COM CL A	92826C839
CI	THE CIGNA GROUP	67	$17,872	0.0%	$280.70	0.0%	COM	125523100
ACGL	ARCH CAP GROUP LTD	176	$16,894	0.0%	$95.86	0.0%	ORD	G0450A105
ODFL	OLD DOMINION FREIGHT LINE IN	86	$16,804	0.0%	$183.08	0.0%	COM	679580100
HWM	HOWMET AEROSPACE INC	66	$15,210	0.0%	$226.53	0.0%	COM	443201108
ELV	ELEVANCE HEALTH INC FORMERLY	51	$14,930	0.0%	$351.54	0.0%	COM	036752103
KO	COCA COLA CO	196	$14,906	0.0%	$74.76	0.0%	COM	191216100
TEL	TE CONNECTIVITY PLC	68	$14,213	0.0%	$229.83	0.0%	ORD SHS	G87052109
SYF	SYNCHRONY FINANCIAL	207	$14,080	0.0%	$76.27	0.0%	COM	87165B103
GOOG	ALPHABET INC	49	$14,056	0.0%	$323.67	0.0%	CAP STK CL C	02079K107
LLY	ELI LILLY & CO	15	$13,797	0.0%	$1047.09	0.0%	COM	532457108
CSCO	CISCO SYS INC	175	$13,578	0.0%	$77.91	0.0%	COM	17275R102
VTR	VENTAS INC	164	$13,412	0.0%	$77.33	0.0%	COM	92276F100
CL	COLGATE PALMOLIVE CO	144	$12,273	0.0%	$88.75	0.0%	COM	194162103
CCL	CARNIVAL CORP	472	$12,215	0.0%	$31.02	0.0%	COMMON STOCK	143658300
NFLX	NETFLIX INC.	126	$12,115	0.0%	$83.84	0.0%	COM	64110L106
PTC	PTC INC	81	$11,542	0.0%	$160.93	0.0%	COM	69370C100
VRSK	VERISK ANALYTICS INC	60	$11,385	0.0%	$203.75	0.0%	COM	92345Y106
RCL	ROYAL CARIBBEAN GROUP	41	$11,282	0.0%	$308.86	0.0%	COM	V7780T103
HON	HONEYWELL INTL INC	49	$11,075	0.0%	$225.93	0.0%	COM	438516106
BSX	BOSTON SCIENTIFIC CORP	168	$10,542	0.0%	$85.82	0.0%	COM	101137107
EQT	EQT CORP	164	$10,437	0.0%	$55.27	0.0%	COM	26884L109
RPRX	ROYALTY PHARMA PLC	214	$10,266	0.0%	$42.28	0.0%	SHS CLASS A	G7709Q104
PHM	PULTE GROUP INC	87	$10,232	0.0%	$131.41	0.0%	COM	745867101
STX	SEAGATE TECHNOLOGY HLDNGS PL	25	$9,794	0.0%	$376.45	0.0%	ORD SHS	G7997R103
INTU	INTUIT	22	$9,512	0.0%	$497.56	0.0%	COM	461202103
UNH	UNITEDHEALTH GROUP INC	35	$9,471	0.0%	$308.69	0.0%	COM	91324P102
APP	APPLOVIN CORP	23	$9,154	0.0%	$507.11	0.0%	COM CL A	03831W108

Increased Positions (17)

MSFT MICROSOFT CORP 4.7%

Value $40.34M (-15.0%) Shares 108,989 (+11.1%) Est. Cost $494.00 Unrealized -12.0%

ORCL ORACLE CORP 3.6%

Value $31.45M (-18.3%) Shares 213,777 (+8.2%) Est. Cost $232.87 Unrealized -27.2%

SNOW SNOWFLAKE INC 2.2%

Value $19.2M (-26.0%) Shares 127,335 (+7.6%) Est. Cost $240.58 Unrealized -19.2%

SHOP SHOPIFY INC 3.2%

Value $27.73M (-15.0%) Shares 233,770 (+15.3%) Est. Cost $157.35 Unrealized -13.3%

MDB MONGODB INC 1.9%

Value $16.38M (-22.7%) Shares 66,934 (+32.5%) Est. Cost $366.86 Unrealized +2.5%

TSLA TESLA INC 4.6%

Value $39.54M (-10.1%) Shares 106,358 (+8.7%) Est. Cost $441.90 Unrealized -3.6%

PLTR PALANTIR TECHNOLOGIES INC 3.9%

Value $33.93M (-11.4%) Shares 231,971 (+7.7%) Est. Cost $179.12 Unrealized -13.9%

BABA ALIBABA GROUP HLDG LTD 3.7%

Value $32.31M (-11.8%) Shares 257,527 (+3.0%) Est. Cost $145.96 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 2.7%

Value $23.42M (-14.4%) Shares 59,977 (+2.8%) Est. Cost $507.12 Unrealized -15.0%

ZS ZSCALER INC 1.7%

Value $14.98M (-19.9%) Shares 106,781 (+28.4%) Est. Cost $262.57 Unrealized -26.4%

AVGO BROADCOM INC 4.7%

Value $40.37M (-7.8%) Shares 130,443 (+3.1%) Est. Cost $356.31 Unrealized -6.2%

IBM INTERNATIONAL BUSINESS MACHS 3.6%

Value $31.5M (-9.7%) Shares 129,972 (+10.3%) Est. Cost $297.39 Unrealized -4.5%

PEGA PEGASYSTEMS INC 1.3%

Value $11.56M (-14.9%) Shares 271,752 (+19.4%) Est. Cost $56.87 Unrealized -15.4%

AAPL APPLE INC 5.1%

Value $44.13M (-4.3%) Shares 173,886 (+2.5%) Est. Cost $268.21 Unrealized -2.0%

PANW PALO ALTO NETWORKS INC 3.1%

Value $26.89M (-6.9%) Shares 167,732 (+7.0%) Est. Cost $199.82 Unrealized -13.8%

OKLO OKLO INC 1.3%

Value $11.43M (-12.9%) Shares 230,516 (+26.0%) Est. Cost $105.08 Unrealized -23.6%

INOD INNODATA INC 1.1%

Value $9.14M (-13.8%) Shares 236,677 (+13.7%) Est. Cost $63.86 Unrealized -15.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	108,989 (+11.1%)	$40.34M (-15.0%)	4.7%	$494.00	-12.0%	COM	594918104
ORCL	ORACLE CORP	213,777 (+8.2%)	$31.45M (-18.3%)	3.6%	$232.87	-27.2%	COM	68389X105
SNOW	SNOWFLAKE INC	127,335 (+7.6%)	$19.2M (-26.0%)	2.2%	$240.58	-19.2%	COM SHS	833445109
SHOP	SHOPIFY INC	233,770 (+15.3%)	$27.73M (-15.0%)	3.2%	$157.35	-13.3%	CL A SUB VTG SHS	82509L107
MDB	MONGODB INC	66,934 (+32.5%)	$16.38M (-22.7%)	1.9%	$366.86	+2.5%	CL A	60937P106
TSLA	TESLA INC	106,358 (+8.7%)	$39.54M (-10.1%)	4.6%	$441.90	-3.6%	COM	88160R101
PLTR	PALANTIR TECHNOLOGIES INC	231,971 (+7.7%)	$33.93M (-11.4%)	3.9%	$179.12	-13.9%	CL A	69608A108
BABA	ALIBABA GROUP HLDG LTD	257,527 (+3.0%)	$32.31M (-11.8%)	3.7%	$145.96	—	SPONSORED ADS	01609W102
CRWD	CROWDSTRIKE HLDGS INC	59,977 (+2.8%)	$23.42M (-14.4%)	2.7%	$507.12	-15.0%	CL A	22788C105
ZS	ZSCALER INC	106,781 (+28.4%)	$14.98M (-19.9%)	1.7%	$262.57	-26.4%	COM	98980G102
AVGO	BROADCOM INC	130,443 (+3.1%)	$40.37M (-7.8%)	4.7%	$356.31	-6.2%	COM	11135F101
IBM	INTERNATIONAL BUSINESS MACHS	129,972 (+10.3%)	$31.5M (-9.7%)	3.6%	$297.39	-4.5%	COM	459200101
PEGA	PEGASYSTEMS INC	271,752 (+19.4%)	$11.56M (-14.9%)	1.3%	$56.87	-15.4%	COM	705573103
AAPL	APPLE INC	173,886 (+2.5%)	$44.13M (-4.3%)	5.1%	$268.21	-2.0%	COM	037833100
PANW	PALO ALTO NETWORKS INC	167,732 (+7.0%)	$26.89M (-6.9%)	3.1%	$199.82	-13.8%	COM	697435105
OKLO	OKLO INC	230,516 (+26.0%)	$11.43M (-12.9%)	1.3%	$105.08	-23.6%	COM CL A	02156V109
INOD	INNODATA INC	236,677 (+13.7%)	$9.14M (-13.8%)	1.1%	$63.86	-15.5%	COM NEW	457642205

Exited Positions (2)

BIDU BAIDU INC 2.6%

Value $22.43M Shares 171,652 Est. Cost $130.66 Unrealized —

RBLX ROBLOX CORP 2.5%

Value $21.98M Shares 271,306 Est. Cost $106.17 Unrealized -32.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BIDU	BAIDU INC	171,652	$22.43M	2.6%	$130.66	—	—	056752108
RBLX	ROBLOX CORP	271,306	$21.98M	2.5%	$106.17	-32.4%	—	771049103

Decreased Positions (9)

MU MICRON TECHNOLOGY INC 3.5%

Value $30.46M (-28.3%) Shares 90,148 (-39.5%) Est. Cost $229.35 Unrealized +68.8%

NVDA NVIDIA CORPORATION 4.9%

Value $42.33M (-15.8%) Shares 242,715 (-9.9%) Est. Cost $186.13 Unrealized +0.3%

META META PLATFORMS INC 4.5%

Value $39.04M (-15.8%) Shares 68,241 (-2.8%) Est. Cost $667.32 Unrealized -1.8%

GOOGL ALPHABET INC 4.7%

Value $40.22M (-13.0%) Shares 139,883 (-5.3%) Est. Cost $285.60 Unrealized +13.2%

TSM TAIWAN SEMICONDUCTOR MANUFAC 4.9%

Value $42.22M (-10.6%) Shares 124,922 (-19.6%) Est. Cost $303.89 Unrealized —

IREN IREN LIMITED 1.5%

Value $12.72M (-17.2%) Shares 371,175 (-8.7%) Est. Cost $51.59 Unrealized -6.4%

GEV GE VERNOVA INC 4.0%

Value $34.21M (+8.1%) Shares 39,192 (-19.1%) Est. Cost $609.04 Unrealized +21.0%

NBIS NEBIUS GROUP N.V. 1.9%

Value $16.52M (-4.8%) Shares 159,191 (-23.2%) Est. Cost $103.64 Unrealized -7.0%

CRWV COREWEAVE INC 2.1%

Value $17.73M (-1.9%) Shares 228,905 (-9.3%) Est. Cost $101.39 Unrealized -9.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	90,148 (-39.5%)	$30.46M (-28.3%)	3.5%	$229.35	+68.8%	COM	595112103
NVDA	NVIDIA CORPORATION	242,715 (-9.9%)	$42.33M (-15.8%)	4.9%	$186.13	+0.3%	COM	67066G104
META	META PLATFORMS INC	68,241 (-2.8%)	$39.04M (-15.8%)	4.5%	$667.32	-1.8%	CL A	30303M102
GOOGL	ALPHABET INC	139,883 (-5.3%)	$40.22M (-13.0%)	4.7%	$285.60	+13.2%	CAP STK CL A	02079K305
TSM	TAIWAN SEMICONDUCTOR MANUFAC	124,922 (-19.6%)	$42.22M (-10.6%)	4.9%	$303.89	—	SPONSORED ADS	874039100
IREN	IREN LIMITED	371,175 (-8.7%)	$12.72M (-17.2%)	1.5%	$51.59	-6.4%	ORDINARY SHARES	Q4982L109
GEV	GE VERNOVA INC	39,192 (-19.1%)	$34.21M (+8.1%)	4.0%	$609.04	+21.0%	COM	36828A101
NBIS	NEBIUS GROUP N.V.	159,191 (-23.2%)	$16.52M (-4.8%)	1.9%	$103.64	-7.0%	SHS CLASS A	N97284108
CRWV	COREWEAVE INC	228,905 (-9.3%)	$17.73M (-1.9%)	2.1%	$101.39	-9.8%	COM CL A	21873S108

Unchanged Positions (2)

AMZN AMAZON COM INC 4.9%

Value $42.61M Shares 204,591 Est. Cost $228.79 Unrealized -0.9%

AMD ADVANCED MICRO DEVICES INC 4.2%

Value $36.35M Shares 178,703 Est. Cost $224.60 Unrealized -1.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	204,591	$42.61M	4.9%	$228.79	-0.9%	COM	023135106
AMD	ADVANCED MICRO DEVICES INC	178,703	$36.35M	4.2%	$224.60	-1.3%	COM	007903107