Logan Stone Capital, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
USHY	ISHARES TR	983,933	$36,219	16.9%	$36.81	—	BROAD USD HIGH	46435U853
IBIT	ISHARES BITCOIN TRUST ETF	542,904	$25,413	11.8%	$38.86	—	SHS BEN INT	46438F101
NWSA	NEWS CORP NEW	554,640	$15,097	7.0%	$27.66	+0.5%	CL A	65249B109
JNK	SPDR SER TR	158,223	$15,079	7.0%	$94.99	—	BLOOMBERG HIGH Y	78468R622
SRLN	SSGA ACTIVE ETF TR	296,586	$12,199	5.7%	$41.82	—	BLACKSTONE SENR	78467V608
—	BLACKROCK MUN TARGET TERM TR	445,494	$9,458	4.4%	$21.01	—	COM SHS BEN IN	09257P105
VNQ	VANGUARD INDEX FDS	72,577	$6,571	3.1%	$90.85	—	REAL ESTATE ETF	922908553
—	BNY MELLON STRATEGIC MUNS IN	1,072,819	$6,566	3.1%	$5.71	—	COM	05588W108
SPY	SPDR S&P 500 ETF TR	11,263	$6,300	2.9%	$564.21	—	TR UNIT	78462F103
CENTA	CENTRAL GARDEN & PET CO	183,144	$5,994	2.8%	$32.27	-1.5%	CL A NON-VTG	153527205
AGG	ISHARES TR	51,273	$5,072	2.4%	$100.89	—	CORE US AGGBD ET	464287226
EMB	ISHARES TR	52,760	$4,780	2.2%	$88.51	—	JPMORGAN USD EMG	464288281
—	BNY MELLON MUN BD INFRASTRUC	319,638	$3,379	1.6%	$10.36	—	COM SHS	09662W109
IGF	ISHARES TR	50,369	$2,754	1.3%	$54.67	—	GLB INFRASTR ETF	464288372
XMVTX	BLACKROCK MUNIVEST FD II INC	245,420	$2,594	1.2%	$10.44	—	COM	09253T101
—	GABELLI DIVID & INCOME TR	94,207	$2,273	1.1%	$21.07	—	COM	36242H104
—	BNY MELLON STRATEGIC MUN BD	377,275	$2,177	1.0%	$5.52	—	COM	09662E109
—	MFS MUN INCOME TR	404,903	$2,146	1.0%	$5.39	—	SH BEN INT	552738106
XPCKX	PIMCO CALIF MUN INCOME FD II	373,843	$2,108	1.0%	$5.77	—	COM	72200M108
—	NUVEEN PENNSYLVANIA QLT MUN	183,434	$2,058	1.0%	$11.22	—	COM	670972108
—	BLACKROCK MUNIHOLDINGS FD IN	173,759	$2,040	1.0%	$11.54	—	COM	09253N104
—	ABRDN NATL MUN INCOME FD	190,084	$1,927	0.9%	$9.83	—	SH BEN INT	24610T108
QQQ	INVESCO QQQ TR	3,776	$1,771	0.8%	$499.30	—	UNIT SER 1	46090E103
—	ALLIANCEBERNSTEIN NATL MUN I	161,108	$1,750	0.8%	$10.77	—	COM	01864U106
XBKNX	BLACKROCK INVT QUALITY MUN T	148,440	$1,706	0.8%	$11.15	—	COM	09247D105
—	PIMCO CALIF MUN INCOME FD	192,372	$1,702	0.8%	$9.12	—	COM	72200N106
—	BLACKROCK MUNIHOLDINGS QUALI	165,867	$1,659	0.8%	$9.59	—	COM	09254C107
—	RIVERNORTH OPPORTUNISTIC MUN	109,050	$1,628	0.8%	$15.50	—	COM	76883F108
—	BLACKROCK MUN INCOME QUALITY	150,862	$1,626	0.8%	$10.84	—	COM	092479104
—	PIMCO NEW YORK MUN FD II	222,775	$1,577	0.7%	$7.37	—	COM	72200Y102
—	BNY MELLON MUN INCOME INC	208,953	$1,500	0.7%	$6.64	—	COM	05589T104
—	BLACKROCK MUNIYIELD MICH QU	131,554	$1,497	0.7%	$11.07	—	COM	09254V105
—	RIVERNORTH MANAGED DUR MUN I	104,458	$1,496	0.7%	$14.40	—	COM	76882H105
VT	VANGUARD INTL EQUITY INDEX F	12,009	$1,392	0.6%	$118.54	—	TT WRLD ST ETF	922042742
DVY	ISHARES TR	9,446	$1,269	0.6%	$134.29	—	SELECT DIVID ETF	464287168
XPZCX	PIMCO CALIF MUN INCOME FD II	191,345	$1,248	0.6%	$6.80	—	COM	72201C109
—	BLACKROCK MUNIHLDNGS CALI QL	115,798	$1,240	0.6%	$10.68	—	COM	09254L107
—	NEUBERGER BERMAN MUN FD INC	112,512	$1,170	0.5%	$9.99	—	COM	64124P101
—	EATON VANCE TAX-MANAGED GLOB	138,340	$1,141	0.5%	$7.86	—	COM	27829C105
—	NYLI MACKAY DEFINEDTERM MUNI	67,722	$1,021	0.5%	$14.93	—	COM	56064K100
—	MFS HIGH INCOME MUN TR	260,564	$961	0.4%	$3.59	—	SH BEN INT	59318D104
—	BLACKROCK MUNIHLDGS NJ QLTY	84,353	$949	0.4%	$11.11	—	COM	09254X101
—	FEDERATED HERMES PREM MUNI I	84,495	$918	0.4%	$10.63	—	COM	31423P108
XBFZX	BLACKROCK CALIF MUN INCOME T	83,008	$911	0.4%	$10.98	—	SH BEN INT	09248E102
—	MEXICO FD INC	57,195	$814	0.4%	$16.76	—	COM	592835102
—	NUVEEN CALIFORNIA MUNI VLU F	92,578	$801	0.4%	$8.45	—	COM STK	67062C107
—	EATON VANCE TX ADV GLBL DIV	39,501	$720	0.3%	$17.24	—	COM	27828S101
—	RIVERNORTH FLEXIBLE MUN INCO	47,453	$701	0.3%	$15.10	—	COM	76883H104
IWM	ISHARES TR	3,431	$684	0.3%	$220.96	—	RUSSELL 2000 ETF	464287655
XMQTX	BLACKROCK MUNIYIELD QUALITY	64,064	$641	0.3%	$10.24	—	COM	09254G108
—	INVESCO MUNI INCOME OPP TRST	105,814	$637	0.3%	$5.90	—	COM	46132X101
XTEAX	TORTOISE SUSTAINABLE & SOCIA	55,978	$636	0.3%	$11.97	—	COM SH BEN INT	27901F109
—	PIMCO NEW YORK MUN INCOME FD	112,261	$633	0.3%	$5.93	—	COM	72201E105
—	EATON VANCE CALIF MUN INCOM	62,025	$621	0.3%	$9.70	—	SH BEN INT	27826F101
—	VIRTUS CONVERTIBLE & INCOME	47,278	$611	0.3%	$12.93	—	COM NEW	92838X805
—	EATON VANCE TAX-MANAGED GLOB	67,108	$546	0.3%	$7.80	—	COM	27829F108
—	ALLSPRING GLOBAL DIVIDEND OP	90,144	$446	0.2%	$4.68	—	COM	94987C103
—	TEMPLETON EMERGING MKTS FD	34,289	$441	0.2%	$12.34	—	COM	880191101
XBNYX	BLACKROCK N Y MUN INCOME TRU	41,085	$418	0.2%	$10.33	—	SH BEN INT	09248L106
—	PIMCO NEW YORK MUN INCOME FD	52,305	$392	0.2%	$7.43	—	COM	72200T103
—	ABRDN EMERGING MARKETS EX CH	68,534	$340	0.2%	$5.19	—	COM	00301W105
—	ROYCE MICRO-CAP TR INC	39,319	$331	0.2%	$9.60	—	COM	780915104
—	BLACKROCK MUNIYIELD N Y QUAL	29,649	$294	0.1%	$9.79	—	COM	09255E102
—	ABRDN TOTAL DYNAMIC DIVIDEND	33,508	$281	0.1%	$8.14	—	COM SH BEN INT	00326L100
RWX	SPDR INDEX SHS FDS	10,717	$262	0.1%	$24.56	—	DJ INTL RL ETF	78463X863
—	PEBBLEBROOK HOTEL TR	14,719	$252	0.1%	$17.15	—	6.375 PFD SER E	70509V605
BATRK	ATLANTA BRAVES HLDGS INC	6,254	$250	0.1%	$39.01	0.0%	COM SER C	047726302
—	EUROPEAN EQUITY FD INC	22,801	$207	0.1%	$9.15	—	COM	298768102
—	BLACKROCK MUN INCOME TR	16,002	$158	0.1%	$9.94	—	SH BEN INT	09248F109
—	WESTERN ASSET INTER MUNI FD	11,574	$90	0.0%	$7.49	—	COM	958435109
—	URBAN ONE INC	23,150	$17	0.0%	$1.12	—	CL D NON VTG	91705J204