Logan Stone Capital, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JNK	SPDR SER TR	446,853	$42,540	9.1%	$94.28	—	BLOOMBERG HIGH Y	78468R622
—	NUVEEN QUALITY MUNCP INCOME	2,402,350	$27,531	5.9%	$11.17	—	COM	67066V101
IBIT	ISHARES BITCOIN TR	600,757	$24,313	5.2%	$40.47	—	SHS	46438F101
—	NUVEEN AMT FREE MUN CR INC F	1,834,573	$22,290	4.8%	$11.39	—	COM	67071L106
—	NUVEEN AMT FREE QLTY MUN INC	2,012,646	$22,280	4.8%	$10.50	—	COM	670657105
—	NUVEEN CA QUALTY MUN INCOME	1,662,807	$18,324	3.9%	$10.90	—	COM	67066Y105
—	NUVEEN MUNICIPAL CREDIT INC	1,387,285	$16,980	3.6%	$11.50	—	COM SH BEN INT	67070X101
—	BNY MELLON STRATEGIC MUNS IN	1,558,208	$9,505	2.0%	$5.67	—	COM	05588W108
CENTA	CENTRAL GARDEN & PET CO	249,966	$9,229	2.0%	$32.43	+9.3%	CL A NON-VTG	153527205
—	INVESCO CALIF VALUE MUN INCO	899,513	$8,959	1.9%	$9.38	—	COM	46132H106
—	BLACKROCK MUN TARGET TERM TR	375,060	$7,899	1.7%	$20.70	—	COM SHS BEN IN	09257P105
—	INVESCO QUALITY MUN INCOME T	768,924	$7,443	1.6%	$9.26	—	COM	46133G107
FBTC	FIDELITY WISE ORIGIN BITCOIN	119,584	$7,421	1.6%	$62.06	—	SHS	315948109
—	INVESCO VALUE MUN INCOME TR	603,558	$7,243	1.6%	$11.85	—	COM	46132P108
—	INVESCO MUNICIPAL TRUST	737,738	$7,156	1.5%	$9.46	—	COM	46131J103
—	NUVEEN NEW YORK QLT MUN INC	575,942	$6,307	1.4%	$10.42	—	COM	67066X107
—	BNY MELLON MUN BD INFRASTRUC	600,501	$6,239	1.3%	$10.36	—	COM SHS	09662W109
—	NUVEEN PENNSYLVANIA QLT MUN	512,639	$6,059	1.3%	$11.22	—	COM	670972108
—	ALLIANCEBERNSTEIN NATL MUN I	530,020	$5,825	1.3%	$10.64	—	COM	01864U106
—	EATON VANCE TAX-MANAGED GLOB	702,828	$5,735	1.2%	$7.80	—	COM	27829F108
—	WESTERN ASSET MANAGED MUNS F	540,080	$5,644	1.2%	$9.86	—	COM	95766M105
—	INVESCO TR INVT GRADE MUNS	562,701	$5,548	1.2%	$9.39	—	COM	46131M106
—	INVESCO ADVANTAGE MUN INCOME	652,131	$5,543	1.2%	$8.35	—	SH BEN INT	46132E103
—	BNY MELLON STRATEGIC MUN BD	931,510	$5,459	1.2%	$5.52	—	COM	09662E109
—	INVESCO MUN OPPORTUNITY TR	547,473	$5,327	1.1%	$9.39	—	COM	46132C107
—	CORNERSTONE STRATEGIC VALUE	703,122	$5,287	1.1%	$7.52	—	COM	21924B302
—	DWS MUN INCOME TR NEW	554,939	$5,011	1.1%	$8.56	—	COM	233368109
—	BLACKROCK MUNIYIELD N Y QUAL	458,097	$4,819	1.0%	$9.59	—	COM	09255E102
—	BLACKROCK MUNIHOLDINGS FD IN	394,431	$4,765	1.0%	$11.54	—	COM	09253N104
—	NUVEEN NEW JERSEY QULT MUN F	381,517	$4,609	1.0%	$11.33	—	COM	67069Y102
—	BLACKROCK MUNIHOLDINGS QUALI	448,198	$4,563	1.0%	$9.59	—	COM	09254C107
—	LIBERTY MEDIA CORP DEL	105,053	$4,449	1.0%	$42.35	—	COM LBTY LIV S A	531229748
—	NEUBERGER BERMAN MUN FD INC	424,143	$4,441	1.0%	$9.99	—	COM	64124P101
XEVMX	EATON VANCE CALIF MUN BD FD	434,734	$4,108	0.9%	$8.90	—	COM	27828A100
EMB	ISHARES TR	45,516	$4,081	0.9%	$86.50	—	JPMORGAN USD EMG	464288281
EPI	WISDOMTREE TR	91,776	$3,998	0.9%	$42.48	—	INDIA ERNGS FD	97717W422
—	GABELLI DIVID & INCOME TR	171,103	$3,932	0.8%	$20.71	—	COM	36242H104
—	BLACKROCK MUNIHLDGS NY QLTY	364,983	$3,865	0.8%	$9.93	—	COM	09255C106
—	BLACKROCK MUNIYIELD MICH QU	327,600	$3,771	0.8%	$11.07	—	COM	09254V105
—	EATON VANCE TAX-MANAGED GLOB	438,626	$3,597	0.8%	$7.86	—	COM	27829C105
XMVFX	BLACKROCK MUNIVEST FD INC	509,024	$3,594	0.8%	$6.78	—	COM	09253R105
—	BLACKROCK ENHANCED GLOBAL DI	303,129	$3,171	0.7%	$10.21	—	COM	092501105
—	NUVEEN NEW YORK AMT QLT MUNI	276,817	$3,009	0.6%	$10.31	—	COM	670656107
XBNYX	BLACKROCK N Y MUN INCOME TRU	271,117	$2,874	0.6%	$10.12	—	SH BEN INT	09248L106
SRLN	SSGA ACTIVE ETF TR	62,249	$2,621	0.6%	$42.11	—	BLACKSTONE SENR	78467V608
—	BNY MELLON MUN INCOME INC	376,579	$2,572	0.6%	$6.24	—	COM	05589T104
—	INVESCO TR INVT GRADE NEW YO	237,289	$2,551	0.5%	$10.07	—	COM	46131T101
XMVTX	BLACKROCK MUNIVEST FD II INC	218,238	$2,381	0.5%	$10.37	—	COM	09253T101
XTEAX	ECOFIN SUSTAINABLE AND SOCIA	195,880	$2,313	0.5%	$11.97	—	COM SH BEN INT	27901F109
XPCKX	PIMCO CALIF MUN INCOME FD II	399,164	$2,303	0.5%	$5.81	—	COM	72200M108
FOX	FOX CORP	78,070	$2,234	0.5%	$27.29	0.0%	CL B COM	35137L204
—	INVESCO PA VALUE MUN INC TR	210,722	$2,160	0.5%	$9.81	—	COM	46132K109
—	ABRDN NATL MUN INCOME FD	205,722	$2,131	0.5%	$9.63	—	SH BEN INT	24610T108
—	MFS HIGH INCOME MUN TR	533,982	$1,938	0.4%	$3.58	—	SH BEN INT	59318D104
—	BLACKROCK MUNIHLDNGS CALI QL	170,403	$1,876	0.4%	$10.79	—	COM	09254L107
—	ABRDN TOTAL DYNAMIC DIVIDEND	226,216	$1,875	0.4%	$8.04	—	COM SH BEN INT	00326L100
—	FEDERATED HERMES PREM MUNI I	169,201	$1,873	0.4%	$10.33	—	COM	31423P108
—	DWS STRATEGIC MUN INCOME TR	203,182	$1,816	0.4%	$8.12	—	COM	23342Q101
—	GENERAL AMERN INVS CO INC	38,351	$1,784	0.4%	$44.63	—	COM	368802104
—	NUVEEN ARIZONA QLTY MUN INC	154,475	$1,696	0.4%	$10.41	—	COM	67061W104
—	ASA GOLD AND PRECIOUS MTLS L	106,968	$1,643	0.4%	$15.36	—	SHS	G3156P103
—	EATON VANCE TX ADV GLBL DIV	89,869	$1,640	0.4%	$17.24	—	COM	27828S101
—	WESTERN ASSET INTER MUNI FD	200,701	$1,590	0.3%	$7.49	—	COM	958435109
—	EATON VANCE MUNI INCOME TRUS	153,542	$1,574	0.3%	$9.46	—	SH BEN INT	27826U108
—	BLACKROCK MUNIHLDGS NJ QLTY	133,182	$1,549	0.3%	$11.23	—	COM	09254X101
—	CALAMOS LNG SHR EQT DYNAMIC	96,926	$1,496	0.3%	$14.82	—	COM	12812C106
—	GABELLI HLTHCARE & WELLNESS	145,051	$1,485	0.3%	$9.87	—	SHS	36246K103
—	FIRST TR MLP & ENERGY INCOM	145,646	$1,408	0.3%	$9.43	—	COM	33739B104
—	NUVEEN CALIFORNIA AMT QLT MU	113,231	$1,376	0.3%	$11.21	—	COM	670651108
XPMAX	PIONEER MUNICIPAL HIGH INCOM	164,179	$1,338	0.3%	$7.64	—	COM	723762100
—	EATON VANCE CALIF MUN INCOM	124,873	$1,325	0.3%	$9.66	—	SH BEN INT	27826F101
CWB	SPDR SER TR	16,568	$1,210	0.3%	$73.04	—	BBG CONV SEC ETF	78464A359
—	BLACKROCK MUN INCOME TR	117,039	$1,209	0.3%	$9.96	—	SH BEN INT	09248F109
—	RIVERNORTH MANAGED DUR MUN I	79,638	$1,192	0.3%	$14.18	—	COM	76882H105
DVY	ISHARES TR	9,393	$1,157	0.2%	$123.18	—	SELECT DIVID ETF	464287168
—	MFS HIGH YIELD MUN TR	333,288	$1,110	0.2%	$3.35	—	SH BEN INT	59318E102
—	DTF TAX-FREE INCOME 2028 TER	98,206	$1,056	0.2%	$10.83	—	COM	23334J107
XLU	SELECT SECTOR SPDR TR	15,896	$1,044	0.2%	$67.55	—	SBI INT-UTILS	81369Y886
—	PIMCO CALIF MUN INCOME FD	111,433	$1,043	0.2%	$9.32	—	COM	72200N106
BATRK	ATLANTA BRAVES HLDGS INC	25,584	$999	0.2%	$37.85	+4.0%	COM SER C	047726302
XENWX	EATON VANCE NEW YORK MUN BD	101,935	$990	0.2%	$9.54	—	COM	27827Y109
—	ABRDN GLOBAL DYNAMIC DIVIDEN	99,000	$961	0.2%	$9.47	—	COM	00302M106
RIO	RIO TINTO PLC	15,000	$956	0.2%	$63.74	—	SPONSORED ADR	767204100
—	MFS MUN INCOME TR	175,505	$942	0.2%	$5.14	—	SH BEN INT	552738106
XXHYBXX	NEW AMER HIGH INCOME FD INC	127,588	$929	0.2%	$6.91	—	COM NEW	641876800
—	NUVEEN VIRGINIA QLTY MUNCPL	83,672	$926	0.2%	$10.80	—	COM	67064R102
—	EATON VANCE MUN BD FD	84,173	$871	0.2%	$9.93	—	COM	27827X101
—	BLACKROCK ENERGY & RES TR	64,030	$848	0.2%	$13.25	—	COM	09250U101
—	MFS INVT GRADE MUN TR	102,181	$779	0.2%	$7.31	—	SH BEN INT	59318B108
VMBS	VANGUARD SCOTTSDALE FDS	17,038	$777	0.2%	$46.05	—	MTG-BKD SECS ETF	92206C771
—	NEW GERMANY FD INC	84,386	$735	0.2%	$8.72	—	COM	644465106
—	BLACKROCK MUN INCOME QUALITY	62,753	$728	0.2%	$10.68	—	COM	092479104
—	CENTRAL SECS CORP	16,615	$694	0.1%	$41.77	—	COM	155123102
—	PUTNAM MUN OPPORTUNITIES TR	67,076	$681	0.1%	$10.16	—	SH BEN INT	746922103
—	JOHN HANCOCK HEDGED EQUITY &	63,100	$662	0.1%	$9.68	—	COM	47804L102
—	NUVEEN MASSACHUSETS QLT MUN	59,406	$649	0.1%	$10.49	—	COM	67061E104
—	PARAMOUNT GLOBAL	53,723	$632	0.1%	$13.68	—	CLASS B COM	92556H206
—	NUVEEN SELECT MAT MUN FD	68,310	$614	0.1%	$8.99	—	SH BEN INT	67061T101
VGK	VANGUARD INTL EQUITY INDEX F	8,836	$595	0.1%	$60.01	—	FTSE EUROPE ETF	922042874
—	ADAMS DIVERSIFIED EQUITY FD	30,480	$595	0.1%	$19.52	—	COM	006212104
LBRDK	LIBERTY BROADBAND CORP	10,246	$586	0.1%	$81.39	-23.9%	COM SER C	530307305
BELFB	BEL FUSE INC	9,702	$585	0.1%	$61.57	0.0%	CL B	077347300
—	NUVEEN DOW 30 DYNMC OVERWRT	38,080	$558	0.1%	$14.00	—	SHS	67075F105
XHTAX	INVESCO HIGH INCOME 2024 TAR	74,274	$558	0.1%	$7.06	—	COM	46136K105
—	RIVERNORTH OPPORTUNISTIC MUN	34,443	$555	0.1%	$15.23	—	COM	76883F108
—	PIMCO NEW YORK MUN FD II	73,925	$549	0.1%	$7.73	—	COM	72200Y102
EWU	ISHARES TR	15,710	$537	0.1%	$32.76	—	MSCI UK ETF NEW	46435G334
VNQ	VANGUARD INDEX FDS	6,201	$536	0.1%	$86.48	—	REAL ESTATE ETF	922908553
—	NUVEEN NASDAQ 100 DYNAMIC OV	22,113	$534	0.1%	$24.14	—	COM SHS	670699107
—	MEXICO FD INC	27,642	$531	0.1%	$19.22	—	COM	592835102
—	FLAHERTY & CRUMRINE TOTAL RE	33,653	$520	0.1%	$14.02	—	COM	338479108
IGF	ISHARES TR	9,589	$457	0.1%	$47.04	—	GLB INFRASTR ETF	464288372
—	PIMCO NEW YORK MUN INCOME FD	74,819	$439	0.1%	$5.90	—	COM	72201E105
—	ELLSWORTH GROWTH & INCOME FD	52,036	$423	0.1%	$8.12	—	COM	289074106
—	ALLSPRING GLOBAL DIVIDEND OP	87,955	$422	0.1%	$4.63	—	COM	94987C103
—	HERZFELD CARIBBEAN BASIN FD	152,834	$396	0.1%	$2.88	—	COM	42804T106
BKLN	INVESCO EXCH TRADED FD TR II	16,897	$357	0.1%	$21.15	—	SR LN ETF	46138G508
—	FIRST TR ENERGY INCOME & GRO	21,282	$348	0.1%	$16.34	—	COM	33738G104
XMQTX	BLACKROCK MUNIYIELD QUALITY	33,084	$348	0.1%	$10.10	—	COM	09254G108
—	HANCOCK JOHN INVT TR II	23,840	$314	0.1%	$13.19	—	COM	410142103
—	JAPAN SMALLER CAPITALIZATION	39,291	$314	0.1%	$7.98	—	COM	47109U104
—	TRI CONTL CORP	9,454	$291	0.1%	$30.80	—	COM	895436103
—	BLACKROCK RES & COMMODITIES	31,615	$287	0.1%	$9.08	—	SHS	09257A108
—	MEXICO EQUITY & INCOME FD	24,219	$280	0.1%	$9.01	—	COM	592834105
AGM/A	FEDERAL AGRIC MTG CORP	1,759	$275	0.1%	$119.63	+16.1%	CL A	313148108
—	FLAHERTY & CRUMRINE PFD INCO	32,516	$274	0.1%	$7.73	—	COM	33848E106
—	BLACKROCK ENHANCED INTL DIV	46,780	$259	0.1%	$5.53	—	COM BENE INTER	092524107
—	ADAM NAT RES FD INC	11,100	$256	0.1%	$23.06	—	COM	00548F105
—	NUVEEN MISSOURI QLT MUN INC	24,633	$250	0.1%	$10.08	—	COM	67060Q108
—	ABRDN AUSTRALIA EQUITY FD IN	56,519	$241	0.1%	$4.26	—	COM	003011103
—	VIRTUS DIVIDEND INTEREST & P	18,291	$234	0.1%	$11.59	—	COM	92840R101
—	BLACKROCK MUNIYIELD PA QLTY	18,306	$222	0.0%	$11.08	—	COM	09255G107
PSLV	SPROTT PHYSICAL SILVER TR	26,689	$221	0.0%	$8.29	—	TR UNIT	85207K107
—	ABRDN LIFE SCIENCES INVESTOR	14,778	$201	0.0%	$13.02	—	SH BEN INT	87911K100
—	ROYCE MICRO-CAP TR INC	20,809	$197	0.0%	$9.45	—	COM	780915104
—	CALAMOS GBL DYN INCOME FUND	27,678	$180	0.0%	$5.77	—	COM	12811L107
—	FLAHERTY & CRUMRINE PFD INCO	14,850	$158	0.0%	$10.61	—	COM	338480106
—	NEUBERGER BERMAN ENERGY INFR	21,169	$156	0.0%	$5.24	—	COM	64129H104
XMHIX	PIONEER MUNICIPAL HIGH INCOM	17,304	$153	0.0%	$8.53	—	COM SHS	723763108
—	ACRI CAPITAL ACQUISITION COR	12,744	$143	0.0%	$10.96	—	COM CL A	00501A101
—	BLACKROCK VA MUN BD TR	11,945	$131	0.0%	$9.30	—	COM	092481100
—	LIBERTY ALL-STAR GROWTH FD I	18,755	$103	0.0%	$5.49	—	COM	529900102
—	ABRDN EMRG MKTS EQTY INCM FD	11,702	$59	0.0%	$5.05	—	COM	00301W105