Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WMT	WALMART INC	98,147	$12.2M	6.5%	$122.03	0.0%	COM	931142103
TSCO	TRACTOR SUPPLY CO	218,579	$9.902M	5.3%	$52.73	0.0%	COM	892356106
DOO	BRP INC	118,043	$8.477M	4.5%	$77.37	0.0%	COM SUN VTG	05577W200
ONON	ON HLDG AG	245,549	$8.354M	4.5%	$46.33	0.0%	NAMEN AKT A	H5919C104
BKNG	BOOKING HOLDINGS INC	1,962	$8.261M	4.4%	$4781.74	0.0%	COM	09857L108
PEP	PEPSICO INC	50,736	$7.879M	4.2%	$154.74	0.0%	COM	713448108
BURL	BURLINGTON STORES INC	17,629	$5.736M	3.1%	$304.20	0.0%	COM	122017106
CHH	CHOICE HOTELS INTL INC	49,692	$5.143M	2.8%	$106.22	0.0%	COM	169905106
MDLZ	MONDELEZ INTL INC	78,356	$4.516M	2.4%	$58.16	0.0%	CL A	609207105
KRUS	KURA SUSHI USA INC	63,408	$4.425M	2.4%	$69.80	0.0%	CL A COM	501270102
ASO	ACADEMY SPORTS & OUTDOORS IN	74,471	$4.204M	2.3%	$57.36	0.0%	COM	00402L107
WH	WYNDHAM HOTELS & RESORTS INC	50,000	$4.061M	2.2%	$78.59	0.0%	COM	98311A105
SBUX	STARBUCKS CORP	45,000	$4.032M	2.2%	$93.62	0.0%	COM	855244109
BJ	BJS WHSL CLUB HLDGS INC	40,233	$3.96M	2.1%	$95.71	0.0%	COM	05550J101
SMG	SCOTTS MIRACLE-GRO CO	65,020	$3.954M	2.1%	$64.30	0.0%	CL A	810186106
FUN	SIX FLAGS ENTERTAINMENT CORP	205,511	$3.648M	2.0%	$16.93	0.0%	COM	83001C108
DAR	DARLING INGREDIENTS INC	58,120	$3.595M	1.9%	$45.22	0.0%	COM	237266101
GPI	GROUP 1 AUTOMOTIVE INC	10,543	$3.486M	1.9%	$367.70	0.0%	COM	398905109
PFGC	PERFORMANCE FOOD GROUP CO	36,051	$3.088M	1.7%	$94.03	0.0%	COM	71377A103
EXPE	EXPEDIA GROUP INC	13,372	$3.087M	1.7%	$253.44	0.0%	COM NEW	30212P303
MGM	MGM RESORTS INTERNATIONAL	82,965	$3.071M	1.6%	$35.09	0.0%	COM	552953101
TXRH	TEXAS ROADHOUSE INC	12,249	$2.023M	1.1%	$184.57	0.0%	COM	882681109
SIG	SIGNET JEWELERS LIMITED	22,331	$1.89M	1.0%	$92.53	0.0%	SHS	G81276100
LINC	LINCOLN EDL SVCS CORP	42,251	$1.719M	0.9%	$27.43	0.0%	COM	533535100
UTI	UNIVERSAL TECHNICAL INST INC	32,591	$1.177M	0.6%	$28.59	0.0%	COM	913915104
HOG	HARLEY DAVIDSON INC	51,361	$1.039M	0.6%	$20.30	0.0%	COM	412822108
CROX	CROCS INC	11,880	$986K	0.5%	$88.18	0.0%	COM	227046109
NCLH	NORWEGIAN CRUISE LINE HLDGS	46,814	$875K	0.5%	$22.86	0.0%	SHS	G66721104

Increased Positions (4)

CCL CARNIVAL CORP 3.9%

Value $7.267M (+152.1%) Shares 280,786 (+197.4%) Est. Cost $29.97 Unrealized +3.5%

CHEF CHEFS WHSE INC 2.4%

Value $4.558M (+78.9%) Shares 76,667 (+87.6%) Est. Cost $62.43 Unrealized +4.2%

SGHC SUPER GROUP SGHC LIMITED 0.8%

Value $1.478M (+45.4%) Shares 136,825 (+60.9%) Est. Cost $11.20 Unrealized -12.0%

AMZN AMAZON COM INC 10.0%

Value $18.7M (-1.0%) Shares 89,767 (+9.7%) Est. Cost $228.62 Unrealized -0.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CCL	CARNIVAL CORP	280,786 (+197.4%)	$7.267M (+152.1%)	3.9%	$29.97	+3.5%	COMMON STOCK	143658300
CHEF	CHEFS WHSE INC	76,667 (+87.6%)	$4.558M (+78.9%)	2.4%	$62.43	+4.2%	COM	163086101
SGHC	SUPER GROUP SGHC LIMITED	136,825 (+60.9%)	$1.478M (+45.4%)	0.8%	$11.20	-12.0%	ORD SHS	G8588X103
AMZN	AMAZON COM INC	89,767 (+9.7%)	$18.7M (-1.0%)	10.0%	$228.62	-0.8%	COM	023135106

Exited Positions (14)

MKC MCCORMICK & CO INC 5.6%

Value $10.39M Shares 152,583 Est. Cost $65.92 Unrealized +1.2%

WSM WILLIAMS SONOMA INC 5.1%

Value $9.514M Shares 53,271 Est. Cost $187.24 Unrealized +11.0%

DKNG DRAFTKINGS INC NEW 4.6%

Value $8.687M Shares 252,076 Est. Cost $32.89 Unrealized -12.0%

CLX CLOROX CO DEL 4.2%

Value $7.821M Shares 77,562 Est. Cost $108.27 Unrealized +5.7%

FLUT FLUTTER ENTMT PLC 3.9%

Value $7.361M Shares 34,229 Est. Cost $224.90 Unrealized -26.0%

CHDN CHURCHILL DOWNS INC 3.6%

Value $6.657M Shares 58,510 Est. Cost $103.46 Unrealized -3.5%

EL LAUDER ESTEE COS INC 3.1%

Value $5.827M Shares 55,643 Est. Cost $96.82 Unrealized +15.6%

KR KROGER CO 2.4%

Value $4.452M Shares 71,248 Est. Cost $65.22 Unrealized -0.9%

CART MAPLEBEAR INC 2.1%

Value $4.003M Shares 88,988 Est. Cost $40.93 Unrealized -6.6%

CAVA CAVA GROUP INC 2.1%

Value $3.96M Shares 67,476 Est. Cost $55.77 Unrealized +21.1%

UNF UNIFIRST CORP MASS 1.6%

Value $2.944M Shares 15,263 Est. Cost $168.52 Unrealized +27.2%

MAR MARRIOTT INTL INC NEW 1.3%

Value $2.459M Shares 7,926 Est. Cost $285.32 Unrealized +15.9%

BROS DUTCH BROS INC 1.3%

Value $2.363M Shares 38,601 Est. Cost $56.81 Unrealized +0.1%

URBN URBAN OUTFITTERS INC 0.8%

Value $1.477M Shares 19,630 Est. Cost $70.74 Unrealized +1.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MKC	MCCORMICK & CO INC	152,583	$10.39M	5.6%	$65.92	+1.2%	—	579780206
WSM	WILLIAMS SONOMA INC	53,271	$9.514M	5.1%	$187.24	+11.0%	—	969904101
DKNG	DRAFTKINGS INC NEW	252,076	$8.687M	4.6%	$32.89	-12.0%	—	26142V105
CLX	CLOROX CO DEL	77,562	$7.821M	4.2%	$108.27	+5.7%	—	189054109
FLUT	FLUTTER ENTMT PLC	34,229	$7.361M	3.9%	$224.90	-26.0%	—	G3643J108
CHDN	CHURCHILL DOWNS INC	58,510	$6.657M	3.6%	$103.46	-3.5%	—	171484108
EL	LAUDER ESTEE COS INC	55,643	$5.827M	3.1%	$96.82	+15.6%	—	518439104
KR	KROGER CO	71,248	$4.452M	2.4%	$65.22	-0.9%	—	501044101
CART	MAPLEBEAR INC	88,988	$4.003M	2.1%	$40.93	-6.6%	—	565394103
CAVA	CAVA GROUP INC	67,476	$3.96M	2.1%	$55.77	+21.1%	—	148929102
UNF	UNIFIRST CORP MASS	15,263	$2.944M	1.6%	$168.52	+27.2%	—	904708104
MAR	MARRIOTT INTL INC NEW	7,926	$2.459M	1.3%	$285.32	+15.9%	—	571903202
BROS	DUTCH BROS INC	38,601	$2.363M	1.3%	$56.81	+0.1%	—	26701L100
URBN	URBAN OUTFITTERS INC	19,630	$1.477M	0.8%	$70.74	+1.0%	—	917047102

Decreased Positions (6)

MNST MONSTER BEVERAGE CORP NEW 3.3%

Value $6.094M (-43.6%) Shares 84,104 (-40.4%) Est. Cost $71.65 Unrealized +12.5%

ORLY OREILLY AUTOMOTIVE INC 2.7%

Value $5.027M (-36.6%) Shares 54,460 (-37.3%) Est. Cost $97.70 Unrealized -2.8%

CMG CHIPOTLE MEXICAN GRILL INC 4.3%

Value $8.124M (-24.5%) Shares 253,807 (-12.8%) Est. Cost $36.17 Unrealized +7.2%

BJRI BJS RESTAURANTS INC 0.2%

Value $352K (-85.8%) Shares 10,019 (-84.0%) Est. Cost $35.52 Unrealized +20.4%

RSI RUSH STREET INTERACTIVE INC 1.6%

Value $3.064M (-37.1%) Shares 140,893 (-43.8%) Est. Cost $18.48 Unrealized -1.9%

CHD CHURCH & DWIGHT CO INC 4.0%

Value $7.395M (-16.1%) Shares 79,239 (-24.6%) Est. Cost $85.27 Unrealized +11.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MNST	MONSTER BEVERAGE CORP NEW	84,104 (-40.4%)	$6.094M (-43.6%)	3.3%	$71.65	+12.5%	COM	61174X109
ORLY	OREILLY AUTOMOTIVE INC	54,460 (-37.3%)	$5.027M (-36.6%)	2.7%	$97.70	-2.8%	COM	67103H107
CMG	CHIPOTLE MEXICAN GRILL INC	253,807 (-12.8%)	$8.124M (-24.5%)	4.3%	$36.17	+7.2%	COM	169656105
BJRI	BJS RESTAURANTS INC	10,019 (-84.0%)	$352K (-85.8%)	0.2%	$35.52	+20.4%	COM	09180C106
RSI	RUSH STREET INTERACTIVE INC	140,893 (-43.8%)	$3.064M (-37.1%)	1.6%	$18.48	-1.9%	COM	782011100
CHD	CHURCH & DWIGHT CO INC	79,239 (-24.6%)	$7.395M (-16.1%)	4.0%	$85.27	+11.2%	COM	171340102