Worth Venture Partners, LLC Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CSR	CENTERSPACE	7,500	$500	3.6%	$66.72	—	COM	15202L107
YCBD	CBDMD INC	268,285	$362	2.6%	$1.01	0.0%	COM SHS	12482W408
MEC	MAYVILLE ENGR CO INC	13,735	$257	1.9%	$16.31	0.0%	COM	578605107
WSR	WHITESTONE REIT	15,300	$213	1.5%	$13.89	—	COM	966084204
LPTH	LIGHTPATH TECHNOLOGIES INC	19,555	$211	1.5%	$8.10	0.0%	COM CL A	532257805
NFGC	NEW FOUND GOLD CORP	69,540	$207	1.5%	$2.45	0.0%	COM	64440N103
RDW	REDWIRE CORPORATION	25,225	$192	1.4%	$7.34	0.0%	COM	75776W103
UUUU	ENERGY FUELS INC	13,020	$189	1.4%	$16.97	0.0%	COM NEW	292671708
HPP	HUDSON PAC PPTYS INC	12,757	$138	1.0%	$10.83	—	COM	444097406
TE	T1 ENERGY INC	19,305	$129	0.9%	$4.41	0.0%	COM NEW	35834F104
UAMY	UNITED STATES ANTIMONY CORP	23,200	$116	0.8%	$7.85	0.0%	COM	911549103
AMPX	AMPRIUS TECHNOLOGIES INC	10,875	$86	0.6%	$11.43	0.0%	COMMON STOCK	03214Q108
TYGO	TIGO ENERGY INC	54,275	$75	0.5%	$2.00	0.0%	COM	88675P103
DPRO	DRAGANFLY INC.	10,725	$74	0.5%	$8.44	0.0%	COM	26142Q304
LUNG	PULMONX CORP	32,525	$72	0.5%	$1.88	0.0%	COM	745848101

Increased Positions (21)

NOK NOKIA CORP 3.6%

Value ($000) $495 (+357.7%) Shares 76,559 (+240.3%) Est. Cost $6.11 Unrealized —

ALM ALMONTY INDS INC 4.4%

Value ($000) $605 (+67.2%) Shares 68,650 (+14.4%) Est. Cost $5.12 Unrealized +43.6%

COLD AMERICOLD REALTY TRUST INC 3.3%

Value ($000) $462 (+86.7%) Shares 35,900 (+77.7%) Est. Cost $12.51 Unrealized —

AIOT POWERFLEET INC 2.4%

Value ($000) $337 (+90.4%) Shares 63,290 (+87.5%) Est. Cost $4.85 Unrealized +5.5%

BHR BRAEMAR HOTELS & RESORTS 2.5%

Value ($000) $348 (+64.9%) Shares 121,400 (+56.8%) Est. Cost $2.78 Unrealized —

CTO CTO RLTY GROWTH INC NEW 3.9%

Value ($000) $538 (+16.1%) Shares 29,202 (+2.8%) Est. Cost $19.16 Unrealized —

SPWR SUNPOWER INC 1.2%

Value ($000) $166 (+74.7%) Shares 105,725 (+95.8%) Est. Cost $1.69 Unrealized +2.1%

SEZL SEZZLE INC 2.4%

Value ($000) $328 (+22.3%) Shares 5,173 (+53.3%) Est. Cost $98.58 Unrealized -30.9%

DAVE DAVE INC 2.2%

Value ($000) $304 (+21.4%) Shares 1,375 (+9.3%) Est. Cost $167.09 Unrealized +28.7%

PLUG PLUG POWER INC 0.8%

Value ($000) $114 (+62.9%) Shares 57,800 (+92.7%) Est. Cost $2.14 Unrealized +22.3%

INDI INDIE SEMICONDUCTOR INC 2.5%

Value ($000) $342 (+11.9%) Shares 96,750 (+29.0%) Est. Cost $4.18 Unrealized +4.9%

PERI PERION NETWORK LTD 1.3%

Value ($000) $185 (+22.8%) Shares 19,339 (+23.1%) Est. Cost $9.58 Unrealized +1.3%

STRW STRAWBERRY FIELDS REIT INC 1.7%

Value ($000) $237 (+13.5%) Shares 18,061 (+6.6%) Est. Cost $10.75 Unrealized —

NPWR NET POWER INC 1.3%

Value ($000) $183 (-12.4%) Shares 80,250 (+15.7%) Est. Cost $2.73 Unrealized +14.5%

AIV APARTMENT INVT & MGMT CO 1.9%

Value ($000) $264 (+9.4%) Shares 44,400 (+46.1%) Est. Cost $7.84 Unrealized —

CUBE CUBESMART 1.6%

Value ($000) $224 (-8.4%) Shares 6,200 (+3.3%) Est. Cost $42.17 Unrealized —

APPS DIGITAL TURBINE INC 3.1%

Value ($000) $426 (+4.9%) Shares 85,125 (+34.3%) Est. Cost $5.02 Unrealized +12.8%

AHH ARMADA HOFFLER PPTYS INC 1.5%

Value ($000) $201 (-2.7%) Shares 30,300 (+3.1%) Est. Cost $9.25 Unrealized —

SRG SERITAGE GROWTH PPTYS 2.9%

Value ($000) $395 (-1.2%) Shares 121,523 (+29.2%) Est. Cost $3.93 Unrealized -3.5%

AREC AMERICAN RES CORP 0.7%

Value ($000) $93 (-4.7%) Shares 37,626 (+3.8%) Est. Cost $1.17 Unrealized +186.1%

WY WEYERHAEUSER CO MTN BE 1.7%

Value ($000) $230 (-1.4%) Shares 9,700 (+3.2%) Est. Cost $25.12 Unrealized -8.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NOK	NOKIA CORP	76,559 (+240.3%)	$495 (+357.7%)	3.6%	$6.11	—	SPONSORED ADR	654902204
ALM	ALMONTY INDS INC	68,650 (+14.4%)	$605 (+67.2%)	4.4%	$5.12	+43.6%	COM NEW	020398707
COLD	AMERICOLD REALTY TRUST INC	35,900 (+77.7%)	$462 (+86.7%)	3.3%	$12.51	—	COM	03064D108
AIOT	POWERFLEET INC	63,290 (+87.5%)	$337 (+90.4%)	2.4%	$4.85	+5.5%	COM	73931J109
BHR	BRAEMAR HOTELS & RESORTS	121,400 (+56.8%)	$348 (+64.9%)	2.5%	$2.78	—	COM	10482B101
CTO	CTO RLTY GROWTH INC NEW	29,202 (+2.8%)	$538 (+16.1%)	3.9%	$19.16	—	COM	22948Q101
SPWR	SUNPOWER INC	105,725 (+95.8%)	$166 (+74.7%)	1.2%	$1.69	+2.1%	COM	20460L104
SEZL	SEZZLE INC	5,173 (+53.3%)	$328 (+22.3%)	2.4%	$98.58	-30.9%	COM	78435P105
DAVE	DAVE INC	1,375 (+9.3%)	$304 (+21.4%)	2.2%	$167.09	+28.7%	CLASS A COM NEW	23834J201
PLUG	PLUG POWER INC	57,800 (+92.7%)	$114 (+62.9%)	0.8%	$2.14	+22.3%	COM NEW	72919P202
INDI	INDIE SEMICONDUCTOR INC	96,750 (+29.0%)	$342 (+11.9%)	2.5%	$4.18	+4.9%	CLASS A COM	45569U101
PERI	PERION NETWORK LTD	19,339 (+23.1%)	$185 (+22.8%)	1.3%	$9.58	+1.3%	SHS NEW	M78673114
STRW	STRAWBERRY FIELDS REIT INC	18,061 (+6.6%)	$237 (+13.5%)	1.7%	$10.75	—	COM	863182101
NPWR	NET POWER INC	80,250 (+15.7%)	$183 (-12.4%)	1.3%	$2.73	+14.5%	COM CL A	64107A105
AIV	APARTMENT INVT & MGMT CO	44,400 (+46.1%)	$264 (+9.4%)	1.9%	$7.84	—	CL A	03748R747
CUBE	CUBESMART	6,200 (+3.3%)	$224 (-8.4%)	1.6%	$42.17	—	COM	229663109
APPS	DIGITAL TURBINE INC	85,125 (+34.3%)	$426 (+4.9%)	3.1%	$5.02	+12.8%	COM NEW	25400W102
AHH	ARMADA HOFFLER PPTYS INC	30,300 (+3.1%)	$201 (-2.7%)	1.5%	$9.25	—	COM	04208T108
SRG	SERITAGE GROWTH PPTYS	121,523 (+29.2%)	$395 (-1.2%)	2.9%	$3.93	-3.5%	CL A	81752R100
AREC	AMERICAN RES CORP	37,626 (+3.8%)	$93 (-4.7%)	0.7%	$1.17	+186.1%	CL A	02927U208
WY	WEYERHAEUSER CO MTN BE	9,700 (+3.2%)	$230 (-1.4%)	1.7%	$25.12	-8.5%	COM NEW	962166104

Exited Positions (24)

— CSG SYS INTL INC 60.5%

Value ($000) $8,361 Shares 7,500,000 Est. Cost $1.11 Unrealized —

— GUESS INC 35.9%

Value ($000) $4,962 Shares 5,000,000 Est. Cost $0.94 Unrealized —

SILC SILICOM LTD 9.8%

Value ($000) $1,356 Shares 76,547 Est. Cost $14.21 Unrealized +9.9%

AIP ARTERIS INC 4.3%

Value ($000) $593 Shares 58,731 Est. Cost $7.79 Unrealized +86.1%

PGY PAGAYA TECHNOLOGIES LTD 3.8%

Value ($000) $523 Shares 17,626 Est. Cost $14.23 Unrealized +79.0%

ALLT ALLOT LTD 3.4%

Value ($000) $465 Shares 43,941 Est. Cost $7.25 Unrealized +32.3%

TTGT TECHTARGET INC 3.2%

Value ($000) $438 Shares 75,327 Est. Cost $15.28 Unrealized -64.8%

VXX BARCLAYS BANK PLC 2.9%

Value ($000) $406 Shares 12,258 Est. Cost $39.23 Unrealized —

WULF TERAWULF INC 2.9%

Value ($000) $395 Shares 34,575 Est. Cost $3.42 Unrealized +292.5%

MPTI M-TRON INDS INC 2.8%

Value ($000) $392 Shares 7,062 Est. Cost $44.82 Unrealized +17.8%

XMTR XOMETRY INC 2.8%

Value ($000) $391 Shares 7,187 Est. Cost $43.39 Unrealized +29.9%

FPI FARMLAND PARTNERS INC 2.1%

Value ($000) $292 Shares 26,800 Est. Cost $10.88 Unrealized —

APLD APPLIED DIGITAL CORP 1.9%

Value ($000) $258 Shares 11,250 Est. Cost $14.81 Unrealized +94.5%

SBAC SBA COMMUNICATIONS CORP NEW 1.8%

Value ($000) $251 Shares 1,300 Est. Cost $214.69 Unrealized -10.3%

LAMR LAMAR ADVERTISING CO NEW 1.8%

Value ($000) $245 Shares 2,000 Est. Cost $113.78 Unrealized —

HUT HUT 8 CORP 1.5%

Value ($000) $201 Shares 5,761 Est. Cost $25.41 Unrealized +73.4%

GILT GILAT SATELLITE NETWORKS LTD 1.2%

Value ($000) $166 Shares 12,750 Est. Cost $9.17 Unrealized +40.0%

ARQ ARQ INC 1.2%

Value ($000) $161 Shares 22,500 Est. Cost $6.61 Unrealized -26.0%

BTBT BIT DIGITAL INC 1.1%

Value ($000) $146 Shares 48,750 Est. Cost $2.21 Unrealized +30.9%

DUOT DUOS TECHNOLOGIES GROUP INC 1.0%

Value ($000) $138 Shares 18,750 Est. Cost $7.12 Unrealized +31.8%

— HUDSON PAC PPTYS INC 0.9%

Value ($000) $128 Shares 46,300 Est. Cost $2.95 Unrealized —

PACK RANPAK HOLDINGS CORP 0.9%

Value ($000) $126 Shares 22,500 Est. Cost $4.38 Unrealized +20.1%

EVLV EVOLV TECHNOLOGIES HLDNGS IN 0.8%

Value ($000) $113 Shares 15,000 Est. Cost $7.30 Unrealized -2.6%

SNBR SLEEP NUMBER CORP 0.8%

Value ($000) $105 Shares 15,000 Est. Cost $8.76 Unrealized -27.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	CSG SYS INTL INC	7,500,000	$8,361	60.5%	$1.11	—	—	126349AH2
—	GUESS INC	5,000,000	$4,962	35.9%	$0.94	—	—	401617AF2
SILC	SILICOM LTD	76,547	$1,356	9.8%	$14.21	+9.9%	—	M84116108
AIP	ARTERIS INC	58,731	$593	4.3%	$7.79	+86.1%	—	04302A104
PGY	PAGAYA TECHNOLOGIES LTD	17,626	$523	3.8%	$14.23	+79.0%	—	M7S64L123
ALLT	ALLOT LTD	43,941	$465	3.4%	$7.25	+32.3%	—	M0854Q105
TTGT	TECHTARGET INC	75,327	$438	3.2%	$15.28	-64.8%	—	87874R308
VXX	BARCLAYS BANK PLC	12,258	$406	2.9%	$39.23	—	—	06748M196
WULF	TERAWULF INC	34,575	$395	2.9%	$3.42	+292.5%	—	88080T104
MPTI	M-TRON INDS INC	7,062	$392	2.8%	$44.82	+17.8%	—	55380K109
XMTR	XOMETRY INC	7,187	$391	2.8%	$43.39	+29.9%	—	98423F109
FPI	FARMLAND PARTNERS INC	26,800	$292	2.1%	$10.88	—	—	31154R109
APLD	APPLIED DIGITAL CORP	11,250	$258	1.9%	$14.81	+94.5%	—	038169207
SBAC	SBA COMMUNICATIONS CORP NEW	1,300	$251	1.8%	$214.69	-10.3%	—	78410G104
LAMR	LAMAR ADVERTISING CO NEW	2,000	$245	1.8%	$113.78	—	—	512816109
HUT	HUT 8 CORP	5,761	$201	1.5%	$25.41	+73.4%	—	44812J104
GILT	GILAT SATELLITE NETWORKS LTD	12,750	$166	1.2%	$9.17	+40.0%	—	M51474118
ARQ	ARQ INC	22,500	$161	1.2%	$6.61	-26.0%	—	00770C101
BTBT	BIT DIGITAL INC	48,750	$146	1.1%	$2.21	+30.9%	—	G1144A105
DUOT	DUOS TECHNOLOGIES GROUP INC	18,750	$138	1.0%	$7.12	+31.8%	—	266042407
—	HUDSON PAC PPTYS INC	46,300	$128	0.9%	$2.95	—	—	444097109
PACK	RANPAK HOLDINGS CORP	22,500	$126	0.9%	$4.38	+20.1%	—	75321W103
EVLV	EVOLV TECHNOLOGIES HLDNGS IN	15,000	$113	0.8%	$7.30	-2.6%	—	30049H102
SNBR	SLEEP NUMBER CORP	15,000	$105	0.8%	$8.76	-27.8%	—	83125X103

Decreased Positions (10)

RDCM RADCOM LTD 1.6%

Value ($000) $227 (-87.6%) Shares 17,365 (-86.3%) Est. Cost $10.52 Unrealized +27.2%

OPRA OPERA LTD 4.6%

Value ($000) $640 (-62.1%) Shares 45,225 (-44.7%) Est. Cost $19.36 Unrealized —

ADTN ADTRAN HOLDINGS INC 3.8%

Value ($000) $526 (-61.2%) Shares 60,492 (-58.1%) Est. Cost $8.59 Unrealized +1.1%

NB NIOCORP DEVS LTD 1.0%

Value ($000) $132 (-60.3%) Shares 24,909 (-50.0%) Est. Cost $3.09 Unrealized +122.4%

ZETA ZETA GLOBAL HOLDINGS CORP 2.4%

Value ($000) $336 (-24.8%) Shares 16,500 (-26.6%) Est. Cost $17.96 Unrealized +4.0%

PPTA PERPETUA RESOURCES CORP 3.1%

Value ($000) $429 (-18.5%) Shares 17,711 (-31.9%) Est. Cost $14.59 Unrealized +68.6%

UMAC UNUSUAL MACHS INC 1.1%

Value ($000) $149 (-34.2%) Shares 11,705 (-22.0%) Est. Cost $10.53 Unrealized +11.3%

CRNT CERAGON NETWORKS LTD 0.3%

Value ($000) $46 (-62.0%) Shares 22,138 (-57.8%) Est. Cost $2.20 Unrealized +1.2%

LMND LEMONADE INC 2.1%

Value ($000) $288 (-3.2%) Shares 4,042 (-27.2%) Est. Cost $48.79 Unrealized +37.7%

VUZI VUZIX CORP 0.9%

Value ($000) $122 (+3.6%) Shares 32,175 (-14.2%) Est. Cost $2.36 Unrealized +33.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RDCM	RADCOM LTD	17,365 (-86.3%)	$227 (-87.6%)	1.6%	$10.52	+27.2%	SHS NEW	M81865111
OPRA	OPERA LTD	45,225 (-44.7%)	$640 (-62.1%)	4.6%	$19.36	—	SPONSORED ADS	68373M107
ADTN	ADTRAN HOLDINGS INC	60,492 (-58.1%)	$526 (-61.2%)	3.8%	$8.59	+1.1%	COM	00486H105
NB	NIOCORP DEVS LTD	24,909 (-50.0%)	$132 (-60.3%)	1.0%	$3.09	+122.4%	COM NEW	654484609
ZETA	ZETA GLOBAL HOLDINGS CORP	16,500 (-26.6%)	$336 (-24.8%)	2.4%	$17.96	+4.0%	CL A	98956A105
PPTA	PERPETUA RESOURCES CORP	17,711 (-31.9%)	$429 (-18.5%)	3.1%	$14.59	+68.6%	COM	714266103
UMAC	UNUSUAL MACHS INC	11,705 (-22.0%)	$149 (-34.2%)	1.1%	$10.53	+11.3%	COM SHS	91532F102
CRNT	CERAGON NETWORKS LTD	22,138 (-57.8%)	$46 (-62.0%)	0.3%	$2.20	+1.2%	ORD	M22013102
LMND	LEMONADE INC	4,042 (-27.2%)	$288 (-3.2%)	2.1%	$48.79	+37.7%	COM	52567D107
VUZI	VUZIX CORP	32,175 (-14.2%)	$122 (+3.6%)	0.9%	$2.36	+33.2%	COM NEW	92921W300

Unchanged Positions (6)

OPRX OPTIMIZERX CORP 1.0%

Value ($000) $132 Shares 10,750 Est. Cost $15.86 Unrealized +3.0%

VIAV VIAVI SOLUTIONS INC 2.1%

Value ($000) $294 Shares 16,525 Est. Cost $11.00 Unrealized +46.8%

ARLO ARLO TECHNOLOGIES INC 1.4%

Value ($000) $189 Shares 13,500 Est. Cost $17.00 Unrealized -7.4%

ALCO ALICO INC 2.6%

Value ($000) $365 Shares 10,038 Est. Cost $27.94 Unrealized +24.4%

NG NOVAGOLD RES INC 1.9%

Value ($000) $264 Shares 28,350 Est. Cost $6.12 Unrealized +51.6%

ELME ELME COMMUNITIES 2.7%

Value ($000) $374 Shares 21,500 Est. Cost $15.99 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OPRX	OPTIMIZERX CORP	10,750	$132	1.0%	$15.86	+3.0%	COM NEW	68401U204
VIAV	VIAVI SOLUTIONS INC	16,525	$294	2.1%	$11.00	+46.8%	COM	925550105
ARLO	ARLO TECHNOLOGIES INC	13,500	$189	1.4%	$17.00	-7.4%	COM	04206A101
ALCO	ALICO INC	10,038	$365	2.6%	$27.94	+24.4%	COM	016230104
NG	NOVAGOLD RES INC	28,350	$264	1.9%	$6.12	+51.6%	COM NEW	66987E206
ELME	ELME COMMUNITIES	21,500	$374	2.7%	$15.99	—	SH BEN INT	939653101