Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CECO	CECO ENVIRONMENTAL CORP	311,132	$28.23M	1.9%	$90.74	—	—	COM	125141101
CTAS	CINTAS CORP	111,547	$18.97M	1.3%	$170.08	—	—	COM	172908105
SITE	SITEONE LANDSCAPE SUPPLY INC	144,059	$16.48M	1.1%	$114.41	—	—	COM	82982L103
AIN	ALBANY INTL CORP	218,090	$16.25M	1.1%	$74.50	—	—	CL A	012348108
FND	FLOOR & DECOR HLDGS INC	155,566	$9.234M	0.6%	$59.36	—	—	CL A	339750101
AADX	APPLIED AEROSPACE & DEFENSE	329,178	$7.499M	0.5%	$22.78	—	—	COMMON STOCK	03815J107

Increased Positions (15)

MLM MARTIN MARIETTA MATLS INC 3.4%

Value $50.19M (+33.4%) Shares 87,035 (+36.2%) Share Price $576.70 Est. Cost/Share — Unrealized @ Report Date —

THRM GENTHERM INC 3.1%

Value $45.23M (+32.0%) Shares 1,326,075 (+7.5%) Share Price $34.11 Est. Cost/Share — Unrealized @ Report Date —

SMG SCOTTS MIRACLE-GRO CO 2.5%

Value $36.97M (+38.9%) Shares 542,727 (+24.1%) Share Price $68.11 Est. Cost/Share — Unrealized @ Report Date —

POOL POOL CORP 2.6%

Value $37.41M (+37.0%) Shares 174,074 (+28.9%) Share Price $214.90 Est. Cost/Share — Unrealized @ Report Date —

IWM ISHARES TR 1.2%

Value $18.03M (+123.7%) Shares 60,000 (+84.6%) Share Price $300.45 Est. Cost/Share — Unrealized @ Report Date —

BV BRIGHTVIEW HLDGS INC 3.0%

Value $43.63M (+25.9%) Shares 3,078,797 (+4.8%) Share Price $14.17 Est. Cost/Share — Unrealized @ Report Date —

CWST CASELLA WASTE SYS INC 2.1%

Value $30.07M (+34.7%) Shares 310,131 (+10.2%) Share Price $96.97 Est. Cost/Share — Unrealized @ Report Date —

BALL BALL CORP 2.8%

Value $40.77M (+23.2%) Shares 653,286 (+16.7%) Share Price $62.40 Est. Cost/Share — Unrealized @ Report Date —

FWONK LIBERTY MEDIA CORP DEL 1.1%

Value $16.55M (+57.7%) Shares 174,000 (+40.9%) Share Price $95.14 Est. Cost/Share — Unrealized @ Report Date —

WCN WASTE CONNECTIONS INC 3.3%

Value $47.86M (+14.0%) Shares 287,122 (+11.1%) Share Price $166.69 Est. Cost/Share — Unrealized @ Report Date —

FWONA LIBERTY MEDIA CORP DEL 0.6%

Value $8.939M (+90.8%) Shares 102,119 (+70.2%) Share Price $87.54 Est. Cost/Share — Unrealized @ Report Date —

BCPC BALCHEM CORP 1.6%

Value $22.99M (+18.1%) Shares 136,057 (+18.5%) Share Price $168.95 Est. Cost/Share — Unrealized @ Report Date —

WH WYNDHAM HOTELS & RESORTS INC 0.9%

Value $13.27M (+35.0%) Shares 157,567 (+30.2%) Share Price $84.21 Est. Cost/Share — Unrealized @ Report Date —

SPY STATE STR SPDR S&P 500 ETF T 0.8%

Value $11.2M (+32.5%) Shares 15,000 (+15.4%) Share Price $746.77 Est. Cost/Share — Unrealized @ Report Date —

AWI ARMSTRONG WORLD INDS INC NEW 2.3%

Value $32.9M (+1.9%) Shares 205,087 (+4.6%) Share Price $160.42 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MLM	MARTIN MARIETTA MATLS INC	87,035 (+36.2%)	$50.19M (+33.4%)	3.4%	$576.70	—	—	COM	573284106
THRM	GENTHERM INC	1,326,075 (+7.5%)	$45.23M (+32.0%)	3.1%	$34.11	—	—	COM	37253A103
SMG	SCOTTS MIRACLE-GRO CO	542,727 (+24.1%)	$36.97M (+38.9%)	2.5%	$68.11	—	—	CL A	810186106
POOL	POOL CORP	174,074 (+28.9%)	$37.41M (+37.0%)	2.6%	$214.90	—	—	COM	73278L105
IWM	ISHARES TR	60,000 (+84.6%)	$18.03M (+123.7%)	1.2%	$300.45	—	—	PUT	464287655
BV	BRIGHTVIEW HLDGS INC	3,078,797 (+4.8%)	$43.63M (+25.9%)	3.0%	$14.17	—	—	COM	10948C107
CWST	CASELLA WASTE SYS INC	310,131 (+10.2%)	$30.07M (+34.7%)	2.1%	$96.97	—	—	CL A	147448104
BALL	BALL CORP	653,286 (+16.7%)	$40.77M (+23.2%)	2.8%	$62.40	—	—	COM	058498106
FWONK	LIBERTY MEDIA CORP DEL	174,000 (+40.9%)	$16.55M (+57.7%)	1.1%	$95.14	—	—	COM LBTY ONE S C	531229755
WCN	WASTE CONNECTIONS INC	287,122 (+11.1%)	$47.86M (+14.0%)	3.3%	$166.69	—	—	COM	94106B101
FWONA	LIBERTY MEDIA CORP DEL	102,119 (+70.2%)	$8.939M (+90.8%)	0.6%	$87.54	—	—	COM LBTY ONE S A	531229771
BCPC	BALCHEM CORP	136,057 (+18.5%)	$22.99M (+18.1%)	1.6%	$168.95	—	—	COM	057665200
WH	WYNDHAM HOTELS & RESORTS INC	157,567 (+30.2%)	$13.27M (+35.0%)	0.9%	$84.21	—	—	COM	98311A105
SPY	STATE STR SPDR S&P 500 ETF T	15,000 (+15.4%)	$11.2M (+32.5%)	0.8%	$746.77	—	—	TR UNIT	78462F103
AWI	ARMSTRONG WORLD INDS INC NEW	205,087 (+4.6%)	$32.9M (+1.9%)	2.3%	$160.42	—	—	COM	04247X102

Exited Positions (5)

THR THERMON GROUP HLDGS INC 2.2%

Value $32.6M Shares 646,728 Share Price $50.40 Est. Cost/Share — Unrealized @ Report Date —

QQQ INVESCO QQQ TR 1.2%

Value $17.32M Shares 30,000 Share Price $577.18 Est. Cost/Share — Unrealized @ Report Date —

GLDD GREAT LAKES DREDGE & DOCK CO 0.7%

Value $10.37M Shares 610,000 Share Price $17.00 Est. Cost/Share — Unrealized @ Report Date —

DNOW DNOW INC 0.6%

Value $8.706M Shares 730,943 Share Price $11.91 Est. Cost/Share — Unrealized @ Report Date —

VRNS VARONIS SYS INC 0.2%

Value $3.006M Shares 140,000 Share Price $21.47 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
THR	THERMON GROUP HLDGS INC	646,728	$32.6M	2.2%	$50.40	—	—	—	88362T103
QQQ	INVESCO QQQ TR	30,000	$17.32M	1.2%	$577.18	—	—	PUT	46090E103
GLDD	GREAT LAKES DREDGE & DOCK CO	610,000	$10.37M	0.7%	$17.00	—	—	—	390607109
DNOW	DNOW INC	730,943	$8.706M	0.6%	$11.91	—	—	—	67011P100
VRNS	VARONIS SYS INC	140,000	$3.006M	0.2%	$21.47	—	—	—	922280102

Decreased Positions (24)

MTRN MATERION CORP 4.5%

Value $65.45M (+54.4%) Shares 220,068 (-24.9%) Share Price $297.39 Est. Cost/Share — Unrealized @ Report Date —

NPO ENPRO INC 5.4%

Value $78.25M (+23.1%) Shares 207,593 (-18.1%) Share Price $376.93 Est. Cost/Share — Unrealized @ Report Date —

ADEA ADEIA INC 3.7%

Value $53.42M (-19.3%) Shares 1,622,353 (-41.1%) Share Price $32.93 Est. Cost/Share — Unrealized @ Report Date —

CALX CALIX INC 1.1%

Value $15.69M (-44.0%) Shares 420,500 (-26.6%) Share Price $37.32 Est. Cost/Share — Unrealized @ Report Date —

CHKP CHECK POINT SOFTWARE TECH LT 0.4%

Value $5.454M (-65.1%) Shares 41,500 (-62.1%) Share Price $131.43 Est. Cost/Share — Unrealized @ Report Date —

LFUS LITTELFUSE INC 3.5%

Value $51.25M (+24.3%) Shares 112,547 (-7.4%) Share Price $455.33 Est. Cost/Share — Unrealized @ Report Date —

NOVT NOVANTA INC 3.3%

Value $47.72M (+26.3%) Shares 294,122 (-8.1%) Share Price $162.24 Est. Cost/Share — Unrealized @ Report Date —

VPG VISHAY PRECISION GROUP INC 1.8%

Value $26.63M (+52.7%) Shares 177,659 (-55.8%) Share Price $149.91 Est. Cost/Share — Unrealized @ Report Date —

KN KNOWLES CORP 1.7%

Value $25.46M (+49.2%) Shares 613,805 (-7.6%) Share Price $41.48 Est. Cost/Share — Unrealized @ Report Date —

CTS CTS CORP 2.4%

Value $35.54M (+25.2%) Shares 545,231 (-8.3%) Share Price $65.19 Est. Cost/Share — Unrealized @ Report Date —

MKSI MKS INC. 4.3%

Value $62.75M (+12.2%) Shares 141,066 (-42.0%) Share Price $444.80 Est. Cost/Share — Unrealized @ Report Date —

AZZ AZZ INC 3.4%

Value $50.1M (+13.9%) Shares 323,137 (-8.1%) Share Price $155.05 Est. Cost/Share — Unrealized @ Report Date —

MANU MANCHESTER UTD PLC NEW 1.8%

Value $25.85M (+26.8%) Shares 1,127,547 (-7.0%) Share Price $22.93 Est. Cost/Share — Unrealized @ Report Date —

BWXT BWX TECHNOLOGIES INC 3.2%

Value $47.32M (-9.4%) Shares 243,107 (-4.8%) Share Price $194.65 Est. Cost/Share — Unrealized @ Report Date —

BATRK ATLANTA BRAVES HLDGS INC 2.7%

Value $39.28M (+14.1%) Shares 756,832 (-6.1%) Share Price $51.90 Est. Cost/Share — Unrealized @ Report Date —

NOK NOKIA CORP 1.3%

Value $19.32M (-18.4%) Shares 1,454,626 (-50.6%) Share Price $13.28 Est. Cost/Share — Unrealized @ Report Date —

ULS UL SOLUTIONS INC 2.2%

Value $32.66M (+11.3%) Shares 320,656 (-6.4%) Share Price $101.86 Est. Cost/Share — Unrealized @ Report Date —

RSKD RISKIFIED LTD 1.1%

Value $15.95M (+19.8%) Shares 3,165,547 (-6.8%) Share Price $5.04 Est. Cost/Share — Unrealized @ Report Date —

LASR NLIGHT INC 1.4%

Value $21.07M (-10.6%) Shares 302,711 (-26.8%) Share Price $69.62 Est. Cost/Share — Unrealized @ Report Date —

NGVT INGEVITY CORP 3.8%

Value $54.83M (+3.5%) Shares 734,307 (-1.2%) Share Price $74.67 Est. Cost/Share — Unrealized @ Report Date —

PANW PALO ALTO NETWORKS INC 1.1%

Value $16.37M (+12.2%) Shares 48,000 (-47.3%) Share Price $341.02 Est. Cost/Share — Unrealized @ Report Date —

ICHR ICHOR HOLDINGS 1.6%

Value $23.12M (+5.7%) Shares 205,874 (-56.1%) Share Price $112.28 Est. Cost/Share — Unrealized @ Report Date —

MTRX MATRIX SVC CO 0.8%

Value $11.17M (+7.5%) Shares 815,023 (-9.9%) Share Price $13.70 Est. Cost/Share — Unrealized @ Report Date —

OEC ORION S.A. 0.5%

Value $7.894M (-6.9%) Shares 1,190,579 (-8.7%) Share Price $6.63 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MTRN	MATERION CORP	220,068 (-24.9%)	$65.45M (+54.4%)	4.5%	$297.39	—	—	COM	576690101
NPO	ENPRO INC	207,593 (-18.1%)	$78.25M (+23.1%)	5.4%	$376.93	—	—	COM	29355X107
ADEA	ADEIA INC	1,622,353 (-41.1%)	$53.42M (-19.3%)	3.7%	$32.93	—	—	COM	00676P107
CALX	CALIX INC	420,500 (-26.6%)	$15.69M (-44.0%)	1.1%	$37.32	—	—	COM	13100M509
CHKP	CHECK POINT SOFTWARE TECH LT	41,500 (-62.1%)	$5.454M (-65.1%)	0.4%	$131.43	—	—	ORD	M22465104
LFUS	LITTELFUSE INC	112,547 (-7.4%)	$51.25M (+24.3%)	3.5%	$455.33	—	—	COM	537008104
NOVT	NOVANTA INC	294,122 (-8.1%)	$47.72M (+26.3%)	3.3%	$162.24	—	—	COM	67000B104
VPG	VISHAY PRECISION GROUP INC	177,659 (-55.8%)	$26.63M (+52.7%)	1.8%	$149.91	—	—	COM	92835K103
KN	KNOWLES CORP	613,805 (-7.6%)	$25.46M (+49.2%)	1.7%	$41.48	—	—	COM	49926D109
CTS	CTS CORP	545,231 (-8.3%)	$35.54M (+25.2%)	2.4%	$65.19	—	—	COM	126501105
MKSI	MKS INC.	141,066 (-42.0%)	$62.75M (+12.2%)	4.3%	$444.80	—	—	COM	55306N104
AZZ	AZZ INC	323,137 (-8.1%)	$50.1M (+13.9%)	3.4%	$155.05	—	—	COM	002474104
MANU	MANCHESTER UTD PLC NEW	1,127,547 (-7.0%)	$25.85M (+26.8%)	1.8%	$22.93	—	—	ORD CL A	G5784H106
BWXT	BWX TECHNOLOGIES INC	243,107 (-4.8%)	$47.32M (-9.4%)	3.2%	$194.65	—	—	COM	05605H100
BATRK	ATLANTA BRAVES HLDGS INC	756,832 (-6.1%)	$39.28M (+14.1%)	2.7%	$51.90	—	—	COM SER C	047726302
NOK	NOKIA CORP	1,454,626 (-50.6%)	$19.32M (-18.4%)	1.3%	$13.28	—	—	SPONSORED ADR	654902204
ULS	UL SOLUTIONS INC	320,656 (-6.4%)	$32.66M (+11.3%)	2.2%	$101.86	—	—	CLASS A COM SHS	903731107
RSKD	RISKIFIED LTD	3,165,547 (-6.8%)	$15.95M (+19.8%)	1.1%	$5.04	—	—	SHS CL A	M8216R109
LASR	NLIGHT INC	302,711 (-26.8%)	$21.07M (-10.6%)	1.4%	$69.62	—	—	COM	65487K100
NGVT	INGEVITY CORP	734,307 (-1.2%)	$54.83M (+3.5%)	3.8%	$74.67	—	—	COM	45688C107
PANW	PALO ALTO NETWORKS INC	48,000 (-47.3%)	$16.37M (+12.2%)	1.1%	$341.02	—	—	COM	697435105
ICHR	ICHOR HOLDINGS	205,874 (-56.1%)	$23.12M (+5.7%)	1.6%	$112.28	—	—	SHS	G4740B105
MTRX	MATRIX SVC CO	815,023 (-9.9%)	$11.17M (+7.5%)	0.8%	$13.70	—	—	COM	576853105
OEC	ORION S.A.	1,190,579 (-8.7%)	$7.894M (-6.9%)	0.5%	$6.63	—	—	COM	L72967109

Unchanged Positions (3)

ASTE ASTEC INDS INC 2.8%

Value $41.24M Shares 674,000 Share Price $61.19 Est. Cost/Share — Unrealized @ Report Date —

RTO RENTOKIL INITIAL PLC 1.9%

Value $28.15M Shares 983,956 Share Price $28.61 Est. Cost/Share — Unrealized @ Report Date —

APLD APPLIED DIGITAL CORP 0.4%

Value $5.595M Shares 150,000 Share Price $37.30 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ASTE	ASTEC INDS INC	674,000	$41.24M	2.8%	$61.19	—	—	COM	046224101
RTO	RENTOKIL INITIAL PLC	983,956	$28.15M	1.9%	$28.61	—	—	SPONSORED ADR	760125104
APLD	APPLIED DIGITAL CORP	150,000	$5.595M	0.4%	$37.30	—	—	COM NEW	038169207