Logan Stone Capital, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JNK	SPDR SER TR	536,980	$52,511	12.9%	$94.99	—	BLOOMBERG HIGH Y	78468R622
IBIT	ISHARES BITCOIN TRUST ETF	985,922	$35,621	8.8%	$38.15	—	SHS BEN INT	46438F101
LBRDK	LIBERTY BROADBAND CORP	428,511	$33,120	8.1%	$55.81	+3.6%	COM SER C	530307305
AGG	ISHARES TR	217,500	$22,026	5.4%	$101.27	—	CORE US AGGBD ET	464287226
—	BLACKROCK MUN TARGET TERM TR	968,992	$20,950	5.1%	$21.01	—	COM SHS BEN IN	09257P105
LBRDA	LIBERTY BROADBAND CORP	150,199	$11,538	2.8%	$57.06	0.0%	COM SER A	530307107
SRLN	SSGA ACTIVE ETF TR	240,853	$10,058	2.5%	$41.88	—	BLACKSTONE SENR	78467V608
—	BNY MELLON STRATEGIC MUNS IN	1,237,424	$8,056	2.0%	$5.71	—	COM	05588W108
CENTA	CENTRAL GARDEN & PET CO	256,147	$8,043	2.0%	$32.51	+2.2%	CL A NON-VTG	153527205
FBTC	FIDELITY WISE ORIGIN BITCOIN	110,853	$6,156	1.5%	$62.06	—	SHS	315948109
XMUIX	BLACKROCK MUNICIPAL INCOME	478,623	$6,021	1.5%	$12.55	—	COM	09253X102
VNQ	VANGUARD INDEX FDS	60,243	$5,869	1.4%	$96.21	—	REAL ESTATE ETF	922908553
MSTR	MICROSTRATEGY INC	34,000	$5,732	1.4%	—	—	Call	594972408
HEI/A	HEICO CORP NEW	25,898	$5,277	1.3%	$183.24	+3.3%	CL A	422806208
—	NUVEEN QUALITY MUNCP INCOME	418,166	$5,177	1.3%	$11.17	—	COM	67066V101
—	DWS MUN INCOME TR NEW	517,169	$5,156	1.3%	$8.70	—	COM	233368109
—	NUVEEN PENNSYLVANIA QLT MUN	381,031	$4,809	1.2%	$11.22	—	COM	670972108
—	LEARN CW INVESTMENT COR	458,476	$4,589	1.1%	$10.51	—	CL A ORD SHS	G54157105
CWB	SPDR SER TR	55,637	$4,261	1.0%	$72.28	—	BBG CONV SEC ETF	78464A359
—	BNY MELLON STRATEGIC MUN BD	664,735	$4,141	1.0%	$5.52	—	COM	09662E109
EMB	ISHARES TR	44,108	$4,128	1.0%	$87.88	—	JPMORGAN USD EMG	464288281
—	INVESCO QUALITY MUN INCOME T	383,716	$4,006	1.0%	$9.26	—	COM	46133G107
—	NEUBERGER BERMAN MUN FD INC	357,738	$3,974	1.0%	$9.99	—	COM	64124P101
—	BLACKROCK MUNIHOLDINGS FD IN	314,050	$3,973	1.0%	$11.54	—	COM	09253N104
—	MOUNTAIN & CO I ACQUISITN CO	330,007	$3,864	0.9%	$11.68	—	CLASS A ORD	G6301J104
—	BLACKROCK MUNIHOLDINGS QUALI	346,757	$3,707	0.9%	$9.59	—	COM	09254C107
RENEF	CARTESIAN GROWTH CORP II	306,004	$3,510	0.9%	$11.35	+0.1%	CLASS A ORD	G19305112
EWU	ISHARES TR	92,415	$3,457	0.8%	$37.41	—	MSCI UK ETF NEW	46435G334
—	EATON VANCE TAX-MANAGED GLOB	392,170	$3,420	0.8%	$7.80	—	COM	27829F108
—	BNY MELLON MUN BD INFRASTRUC	305,313	$3,407	0.8%	$10.36	—	COM SHS	09662W109
—	NUVEEN NEW YORK QLT MUN INC	287,257	$3,387	0.8%	$10.42	—	COM	67066X107
—	NUVEEN NASDAQ 100 DYNAMIC OV	124,977	$3,139	0.8%	$24.92	—	COM SHS	670699107
—	BLACKROCK MUNIYIELD N Y QUAL	278,815	$3,006	0.7%	$9.79	—	COM	09255E102
APXIF	APX ACQUISITION CORP I	254,139	$2,966	0.7%	$-0.33	—	CLASS A ORD SHS	G0440J109
—	EATON VANCE TAX-MANAGED GLOB	339,414	$2,946	0.7%	$7.86	—	COM	27829C105
—	ALLIANCEBERNSTEIN NATL MUN I	248,368	$2,931	0.7%	$10.76	—	COM	01864U106
—	GABELLI DIVID & INCOME TR	119,835	$2,930	0.7%	$21.07	—	COM	36242H104
XEVMX	EATON VANCE CALIF MUN BD FD	300,417	$2,899	0.7%	$8.90	—	COM	27828A100
—	BLACKROCK MUNIYIELD MICH QU	234,524	$2,817	0.7%	$11.07	—	COM	09254V105
XBNYX	BLACKROCK N Y MUN INCOME TRU	235,737	$2,593	0.6%	$10.33	—	SH BEN INT	09248L106
—	PUTNAM MUN OPPORTUNITIES TR	235,873	$2,571	0.6%	$10.65	—	SH BEN INT	746922103
—	ABRDN NATL MUN INCOME FD	217,926	$2,434	0.6%	$9.83	—	SH BEN INT	24610T108
—	INVESCO MUNICIPAL TRUST	230,154	$2,361	0.6%	$9.46	—	COM	46131J103
—	MFS MUN INCOME TR	397,179	$2,272	0.6%	$5.39	—	SH BEN INT	552738106
—	ABRDN TOTAL DYNAMIC DIVIDEND	216,508	$1,970	0.5%	$8.14	—	COM SH BEN INT	00326L100
XMVFX	BLACKROCK MUNIVEST FD INC	252,637	$1,920	0.5%	$6.78	—	COM	09253R105
PFTA	PERCEPTION CAPITAL CORP III	164,204	$1,834	0.5%	$10.86	—	CLASS A ORD SHS	G7185D106
CLRCF	CLIMATEROCK	156,423	$1,815	0.4%	$11.45	+0.8%	CLASS A ORD	G2311X100
XMVTX	BLACKROCK MUNIVEST FD II INC	154,993	$1,765	0.4%	$10.37	—	COM	09253T101
PLMJF	PLUM ACQUISITION CORP III	155,526	$1,692	0.4%	$10.83	0.0%	CLASS A ORD SHS	G63290111
—	BUKIT JALIL GBL ACQUISITION	150,608	$1,643	0.4%	$10.69	—	ORD SHS	G1676M105
—	INVESCO TR INVT GRADE MUNS	153,789	$1,624	0.4%	$9.39	—	COM	46131M106
XPCKX	PIMCO CALIF MUN INCOME FD II	256,683	$1,612	0.4%	$5.81	—	COM	72200M108
—	LIONS GATE ENTMNT CORP	232,587	$1,610	0.4%	$8.57	—	CL B NON VTG	535919500
—	EVERGREEN CORPORATION	136,442	$1,592	0.4%	$11.67	—	CLASS A ORD SHS	G3312W109
—	EATON VANCE TX ADV GLBL DIV	79,927	$1,554	0.4%	$17.24	—	COM	27828S101
BKLN	INVESCO EXCH TRADED FD TR II	73,626	$1,547	0.4%	$21.06	—	SR LN ETF	46138G508
XTEAX	ECOFIN SUSTAINABLE AND SOCIA	114,190	$1,490	0.4%	$11.97	—	COM SH BEN INT	27901F109
—	DWS STRATEGIC MUN INCOME TR	143,981	$1,467	0.4%	$8.19	—	COM	23342Q101
—	HANCOCK JOHN TAX-ADVANTAGED	61,119	$1,419	0.3%	$21.70	—	COM	41013V100
—	INVESCO TR INVT GRADE NEW YO	121,969	$1,406	0.3%	$10.07	—	COM	46131T101
—	NUVEEN CA QUALTY MUN INCOME	110,977	$1,320	0.3%	$10.90	—	COM	67066Y105
—	WESTERN ASSET MANAGED MUNS F	115,388	$1,251	0.3%	$9.86	—	COM	95766M105
—	GENERATION ASIA I ACQUISITIO	110,402	$1,239	0.3%	$11.25	—	CL A ORD SHS	G38258102
—	NUVEEN NEW JERSEY QULT MUN F	94,557	$1,233	0.3%	$11.33	—	COM	67069Y102
—	INVESCO MUN OPPORTUNITY TR	119,655	$1,229	0.3%	$9.39	—	COM	46132C107
TETEF	TECHNOLOGY & TELECOM ACQ COR	96,250	$1,172	0.3%	$11.87	+1.6%	CLASS A ORD SHS	G87119106
—	WESTERN ASSET INTER MUNI FD	141,540	$1,161	0.3%	$7.49	—	COM	958435109
—	BNY MELLON MUN INCOME INC	154,749	$1,131	0.3%	$6.24	—	COM	05589T104
—	MEXICO FD INC	72,711	$1,097	0.3%	$17.19	—	COM	592835102
—	MFS HIGH INCOME MUN TR	272,324	$1,091	0.3%	$3.58	—	SH BEN INT	59318D104
—	BLACKROCK MUNIHLDNGS CALI QL	90,326	$1,041	0.3%	$10.79	—	COM	09254L107
—	PIMCO CALIF MUN INCOME FD	103,859	$1,034	0.3%	$9.33	—	COM	72200N106
XMQTX	BLACKROCK MUNIYIELD QUALITY	94,655	$1,024	0.3%	$10.24	—	COM	09254G108
—	BATTERY FUTURE ACQUISITION C	90,000	$996	0.2%	$11.07	—	CL A ORD SHS	G0888J108
—	TEMPLETON EMERGING MKTS FD	71,237	$965	0.2%	$12.48	—	COM	880191101
VT	VANGUARD INTL EQUITY INDEX F	7,766	$930	0.2%	$119.70	—	TT WRLD ST ETF	922042742
—	EATON VANCE CALIF MUN INCOM	84,557	$919	0.2%	$9.66	—	SH BEN INT	27826F101
—	NEW GERMANY FD INC	96,496	$862	0.2%	$8.65	—	COM	644465106
—	NUVEEN ARIZONA QLTY MUN INC	71,917	$850	0.2%	$10.41	—	COM	67061W104
—	FORTUNE RISE ACQUISITION COR	73,686	$839	0.2%	$11.38	—	CL A	34969G102
XXHYBXX	NEW AMER HIGH INCOME FD INC	95,705	$797	0.2%	$7.61	—	COM NEW	641876800
—	INVESCO PA VALUE MUN INC TR	68,514	$775	0.2%	$9.81	—	COM	46132K109
—	ABRDN GLOBAL DYNAMIC DIVIDEN	72,105	$766	0.2%	$9.49	—	COM	00302M106
BELFB	BEL FUSE INC	9,702	$762	0.2%	$61.57	+10.1%	CL B	077347300
—	BLACKROCK MUN INCOME TR	71,655	$757	0.2%	$9.96	—	SH BEN INT	09248F109
—	PIMCO NEW YORK MUN FD II	92,148	$727	0.2%	$7.72	—	COM	72200Y102
—	INDIA FD INC	38,055	$724	0.2%	$17.86	—	COM	454089103
—	DTF TAX-FREE INCOME 2028 TER	60,985	$687	0.2%	$10.83	—	COM	23334J107
—	ADAMS DIVERSIFIED EQUITY FD	29,917	$645	0.2%	$21.56	—	COM	006212104
AMCI	ALPHAVEST ACQUISITION CORP	57,673	$643	0.2%	$11.10	0.0%	ORDINARY SHARES	G0283A108
—	RIVERNORTH OPPORTUNISTIC MUN	39,225	$641	0.2%	$16.33	—	COM	76883F108
EWA	ISHARES INC	23,036	$625	0.2%	$24.43	—	MSCI AUST ETF	464286103
—	JAPAN SMALLER CAPITALIZATION	74,144	$613	0.2%	$7.89	—	COM	47109U104
—	INVESCO ADVANTAGE MUN INCOME	63,961	$595	0.1%	$8.35	—	SH BEN INT	46132E103
—	PIMCO NEW YORK MUN INCOME FD	94,207	$594	0.1%	$5.98	—	COM	72201E105
BNDX	VANGUARD CHARLOTTE FDS	11,196	$563	0.1%	$48.86	—	TOTAL INT BD ETF	92203J407
—	NUVEEN SELECT MAT MUN FD	60,364	$559	0.1%	$8.99	—	SH BEN INT	67061T101
XHTAX	INVESCO HIGH INCOME 2024 TAR	73,474	$558	0.1%	$7.06	—	COM	46136K105
DIST	DISTOKEN ACQUISITION CORP	50,879	$553	0.1%	$10.87	—	ORDINARY SHARES	G27740110
—	INVESCO VALUE MUN INCOME TR	41,856	$539	0.1%	$11.85	—	COM	46132P108
—	ALLSPRING GLOBAL DIVIDEND OP	105,466	$528	0.1%	$4.68	—	COM	94987C103
—	BROOKFIELD REAL ASSETS INCOM	38,334	$525	0.1%	$12.76	—	SHS BEN INT	112830104
XENWX	EATON VANCE NEW YORK MUN BD	52,069	$519	0.1%	$9.54	—	COM	27827Y109
—	MFS HIGH YIELD MUN TR	133,107	$488	0.1%	$3.35	—	SH BEN INT	59318E102
—	JOHN HANCOCK HEDGED EQUITY &	42,545	$467	0.1%	$9.74	—	COM	47804L102
—	FEDERATED HERMES PREM MUNI I	37,171	$462	0.1%	$10.33	—	COM	31423P108
—	ALLSPRING UTILITIES AND HIGH	38,895	$434	0.1%	$9.84	—	WF UTILITIES INC	94987E109
—	WESTERN AST INFL LKD OPP & I	48,582	$429	0.1%	$8.84	—	COM	95766R104
—	HERZFELD CARIBBEAN BASIN FD	170,793	$386	0.1%	$2.82	—	COM	42804T106
XPMAX	PIONEER MUNICIPAL HIGH INCOM	38,001	$336	0.1%	$7.64	—	COM	723762100
—	NUVEEN DOW 30 DYNMC OVERWRT	22,308	$331	0.1%	$14.00	—	SHS	67075F105
—	BLACKROCK HEALTH SCIENCES TR	7,639	$320	0.1%	$40.85	—	COM	09250W107
—	ROYCE MICRO-CAP TR INC	32,624	$314	0.1%	$9.33	—	COM	780915104
—	BLACKROCK MUNI INCOME TR II	27,204	$306	0.1%	$10.81	—	COM	09249N101
—	BLACKROCK MUNIHLDGS NJ QLTY	25,000	$303	0.1%	$11.27	—	COM	09254X101
WELNF	INTEGRATED WELLNESS ACQ CORP	25,319	$299	0.1%	$11.50	+1.8%	ORD SHS CL A	G4828B100
—	BLACKROCK ENHANCD CAP & INM	11,975	$236	0.1%	$19.69	—	COM	09256A109
RWX	SPDR INDEX SHS FDS	8,423	$232	0.1%	$27.57	—	DJ INTL RL ETF	78463X863
IBB	ISHARES TR	1,592	$232	0.1%	$145.60	—	ISHARES BIOTECH	464287556
XJEQX	ABRDN JAPAN EQUITY FUND INC	36,317	$227	0.1%	$5.87	—	COM	00306J109
—	EUROPEAN EQUITY FD INC	22,397	$210	0.1%	$9.15	—	COM	298768102
XPZCX	PIMCO CALIF MUN INCOME FD II	26,791	$201	0.0%	$7.36	—	COM	72201C109
—	RIVERNORTH FLEXIBLE MUN INCO	12,288	$200	0.0%	$16.28	—	COM	76883H104
—	VIRTUS TOTAL RETURN FD INC	31,200	$193	0.0%	$6.20	—	COM	92835W107
VMCAF	VALUENCE MERGER CORP I	15,422	$178	0.0%	$11.40	—	CLASS A ORD SHS	G9R16L100
—	BLACKROCK VA MUN BD TR	11,945	$137	0.0%	$9.30	—	COM	092481100
—	BLACKROCK RES & COMMODITIES	14,000	$134	0.0%	$9.60	—	SHS	09257A108
—	FRANKLIN UNVL TR	12,115	$92	0.0%	$7.56	—	SH BEN INT	355145103
—	URBAN ONE INC	29,950	$33	0.0%	$1.28	—	CL D NON VTG	91705J204