PLATINUM INVESTMENT MANAGEMENT LTD Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AZN	ASTRAZENECA PLC	48,088	$9,319	2.3%	$190.39	0.0%	ORD	G0593M107
NFLX	NETFLIX INC.	50,023	$4,810	1.2%	$83.84	0.0%	COM	64110L106
SATS	ECHOSTAR CORP	12,509	$1,464	0.4%	$116.36	0.0%	CL A	278768106
DFTX	DEFINIUM THERAPEUTICS INC	70,000	$1,323	0.3%	$16.29	0.0%	COM SHS	24477V105
APH	AMPHENOL CORP	9,440	$1,193	0.3%	$146.40	0.0%	CL A	032095101
CCCC	C4 THERAPEUTICS INC	384,766	$1,012	0.3%	$2.09	0.0%	COM STK	12529R107
GSAT	GLOBALSTAR INC	14,168	$941	0.2%	$61.47	0.0%	COM NEW	378973507

Increased Positions (15)

CAT CATERPILLAR INC 1.5%

Value ($000) $6,022 (+91.1%) Shares 8,500 (+54.5%) Est. Cost $600.99 Unrealized +13.9%

WVE WAVE LIFE SCIENCES LTD 0.5%

Value ($000) $1,996 (-49.1%) Shares 275,269 (+19.3%) Est. Cost $7.48 Unrealized +83.8%

CAVA CAVA GROUP INC 0.9%

Value ($000) $3,641 (+65.4%) Shares 45,000 (+20.0%) Est. Cost $57.72 Unrealized +17.0%

CSGP COSTAR GROUP INC 0.8%

Value ($000) $3,126 (-28.5%) Shares 77,500 (+19.2%) Est. Cost $77.27 Unrealized -26.3%

ELF E L F BEAUTY INC 1.1%

Value ($000) $4,394 (+37.6%) Shares 72,500 (+72.6%) Est. Cost $101.05 Unrealized -15.2%

MSI MOTOROLA SOLUTIONS INC 0.7%

Value ($000) $2,735 (+66.9%) Shares 6,302 (+47.4%) Est. Cost $405.64 Unrealized +2.5%

BKNG BOOKING HOLDINGS INC 0.5%

Value ($000) $2,105 (+96.5%) Shares 500 (+150.0%) Est. Cost $3607.72 Unrealized +32.5%

V VISA INC 1.1%

Value ($000) $4,534 (-12.1%) Shares 15,000 (+2.0%) Est. Cost $250.63 Unrealized +31.3%

PALI PALISADE BIO INC 0.5%

Value ($000) $2,155 (+38.1%) Shares 1,231,414 (+85.4%) Est. Cost $1.86 Unrealized -4.0%

RVMD REVOLUTION MEDICINES INC 0.5%

Value ($000) $2,024 (+36.2%) Shares 20,813 (+11.6%) Est. Cost $45.78 Unrealized +125.0%

BROS DUTCH BROS INC 0.7%

Value ($000) $2,660 (+15.9%) Shares 52,500 (+40.0%) Est. Cost $59.88 Unrealized -5.0%

ADBE ADOBE INC 1.1%

Value ($000) $4,514 (-6.8%) Shares 18,571 (+34.1%) Est. Cost $360.43 Unrealized -19.6%

BIRK BIRKENSTOCK HOLDING PLC 2.5%

Value ($000) $9,853 (-2.7%) Shares 275,000 (+11.1%) Est. Cost $50.13 Unrealized -20.3%

WING WINGSTOP INC 0.5%

Value ($000) $1,860 (-2.5%) Shares 12,000 (+50.0%) Est. Cost $277.42 Unrealized -4.7%

BBIO BRIDGEBIO PHARMA INC 0.9%

Value ($000) $3,659 (+0.2%) Shares 49,269 (+3.2%) Est. Cost $35.15 Unrealized +111.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CAT	CATERPILLAR INC	8,500 (+54.5%)	$6,022 (+91.1%)	1.5%	$600.99	+13.9%	COM	149123101
WVE	WAVE LIFE SCIENCES LTD	275,269 (+19.3%)	$1,996 (-49.1%)	0.5%	$7.48	+83.8%	SHS	Y95308105
CAVA	CAVA GROUP INC	45,000 (+20.0%)	$3,641 (+65.4%)	0.9%	$57.72	+17.0%	COM	148929102
CSGP	COSTAR GROUP INC	77,500 (+19.2%)	$3,126 (-28.5%)	0.8%	$77.27	-26.3%	COM	22160N109
ELF	E L F BEAUTY INC	72,500 (+72.6%)	$4,394 (+37.6%)	1.1%	$101.05	-15.2%	COM	26856L103
MSI	MOTOROLA SOLUTIONS INC	6,302 (+47.4%)	$2,735 (+66.9%)	0.7%	$405.64	+2.5%	COM NEW	620076307
BKNG	BOOKING HOLDINGS INC	500 (+150.0%)	$2,105 (+96.5%)	0.5%	$3607.72	+32.5%	COM	09857L108
V	VISA INC	15,000 (+2.0%)	$4,534 (-12.1%)	1.1%	$250.63	+31.3%	COM CL A	92826C839
PALI	PALISADE BIO INC	1,231,414 (+85.4%)	$2,155 (+38.1%)	0.5%	$1.86	-4.0%	COM	696389402
RVMD	REVOLUTION MEDICINES INC	20,813 (+11.6%)	$2,024 (+36.2%)	0.5%	$45.78	+125.0%	COM	76155X100
BROS	DUTCH BROS INC	52,500 (+40.0%)	$2,660 (+15.9%)	0.7%	$59.88	-5.0%	CL A	26701L100
ADBE	ADOBE INC	18,571 (+34.1%)	$4,514 (-6.8%)	1.1%	$360.43	-19.6%	COM	00724F101
BIRK	BIRKENSTOCK HOLDING PLC	275,000 (+11.1%)	$9,853 (-2.7%)	2.5%	$50.13	-20.3%	COM SHS	M2029K104
WING	WINGSTOP INC	12,000 (+50.0%)	$1,860 (-2.5%)	0.5%	$277.42	-4.7%	COM	974155103
BBIO	BRIDGEBIO PHARMA INC	49,269 (+3.2%)	$3,659 (+0.2%)	0.9%	$35.15	+111.9%	COM	10806X102

Exited Positions (42)

AMZN AMAZON COM INC 1.8%

Value ($000) $7,174 Shares 31,080 Est. Cost $157.65 Unrealized +43.9%

UBER UBER TECHNOLOGIES INC 1.3%

Value ($000) $5,165 Shares 63,217 Est. Cost $72.68 Unrealized +8.3%

WWW WOLVERINE WORLD WIDE INC 0.9%

Value ($000) $3,630 Shares 200,000 Est. Cost $26.08 Unrealized -30.0%

GOSS GOSSAMER BIO INC 0.4%

Value ($000) $1,742 Shares 561,951 Est. Cost $1.32 Unrealized +71.4%

ANET ARISTA NETWORKS INC 0.4%

Value ($000) $1,632 Shares 12,456 Est. Cost $115.02 Unrealized +17.4%

SHOP SHOPIFY INC 0.3%

Value ($000) $1,314 Shares 8,161 Est. Cost $160.56 Unrealized -15.0%

PSIX POWER SOLUTIONS INTL INC 0.3%

Value ($000) $1,143 Shares 20,000 Est. Cost $71.37 Unrealized +10.1%

CPNG COUPANG INC 0.3%

Value ($000) $1,126 Shares 47,735 Est. Cost $25.61 Unrealized -22.5%

— MIND MEDICINE MINDMED INC 0.2%

Value ($000) $937 Shares 70,000 Est. Cost $13.39 Unrealized —

MICC MAGNUM ICE CREAM CO NV 0.1%

Value ($000) $347 Shares 21,682 Est. Cost $15.68 Unrealized +7.2%

PONY PONY AI INC 0.1%

Value ($000) $240 Shares 16,552 Est. Cost $14.50 Unrealized —

INTC INTEL CORP 0.1%

Value ($000) $201 Shares 5,453 Est. Cost $25.74 Unrealized +80.4%

PBR/A PETROLEO BRASILEIRO SA PETRO 0.0%

Value ($000) $182 Shares 16,148 Est. Cost $12.91 Unrealized —

BCC BOISE CASCADE CO DEL 0.0%

Value ($000) $103 Shares 1,403 Est. Cost $89.33 Unrealized -6.3%

LBRDK LIBERTY BROADBAND CORP 0.0%

Value ($000) $100 Shares 2,060 Est. Cost $69.09 Unrealized -28.0%

JAZZ JAZZ PHARMACEUTICALS PLC 0.0%

Value ($000) $77 Shares 452 Est. Cost $130.38 Unrealized +29.7%

OMF ONEMAIN HLDGS INC 0.0%

Value ($000) $74 Shares 1,091 Est. Cost $49.88 Unrealized +26.8%

GT GOODYEAR TIRE & RUBR CO 0.0%

Value ($000) $72 Shares 8,244 Est. Cost $10.28 Unrealized -9.5%

HUN HUNTSMAN CORP 0.0%

Value ($000) $68 Shares 6,761 Est. Cost $9.16 Unrealized +32.5%

CLB CORE LABORATORIES INC 0.0%

Value ($000) $67 Shares 4,196 Est. Cost $16.84 Unrealized +11.8%

MTDR MATADOR RES CO 0.0%

Value ($000) $67 Shares 1,573 Est. Cost $42.00 Unrealized +8.1%

VIST VISTA ENERGY S.A.B. DE C.V. 0.0%

Value ($000) $67 Shares 1,370 Est. Cost $48.66 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.0%

Value ($000) $66 Shares 201 Est. Cost $374.94 Unrealized -17.7%

WHR WHIRLPOOL CORP 0.0%

Value ($000) $66 Shares 919 Est. Cost $101.60 Unrealized -17.9%

CVS CVS HEALTH CORP 0.0%

Value ($000) $66 Shares 830 Est. Cost $55.99 Unrealized +39.3%

TGT TARGET CORP 0.0%

Value ($000) $66 Shares 673 Est. Cost $114.26 Unrealized -4.4%

DOW DOW INC 0.0%

Value ($000) $65 Shares 2,798 Est. Cost $22.78 Unrealized +27.5%

CPB THE CAMPBELLS COMPANY 0.0%

Value ($000) $64 Shares 2,301 Est. Cost $30.06 Unrealized -9.2%

FUTU FUTU HLDGS LTD 0.0%

Value ($000) $64 Shares 390 Est. Cost $94.87 Unrealized —

CI THE CIGNA GROUP 0.0%

Value ($000) $63 Shares 228 Est. Cost $278.64 Unrealized +0.7%

UHS UNIVERSAL HLTH SVCS INC 0.0%

Value ($000) $62 Shares 285 Est. Cost $167.23 Unrealized +28.2%

ALSN ALLISON TRANSMISSION HLDGS I 0.0%

Value ($000) $62 Shares 632 Est. Cost $87.50 Unrealized +27.1%

GIS GENERAL MLS INC 0.0%

Value ($000) $61 Shares 1,302 Est. Cost $56.48 Unrealized -19.5%

LYB LYONDELLBASELL INDUSTRIES N 0.0%

Value ($000) $60 Shares 1,378 Est. Cost $44.45 Unrealized +17.9%

HPQ HP INC 0.0%

Value ($000) $59 Shares 2,669 Est. Cost $25.25 Unrealized -21.7%

BBY BEST BUY INC 0.0%

Value ($000) $57 Shares 853 Est. Cost $70.01 Unrealized -4.3%

NE NOBLE CORP PLC 0.0%

Value ($000) $55 Shares 1,965 Est. Cost $30.41 Unrealized +22.2%

HLF HERBALIFE LTD 0.0%

Value ($000) $49 Shares 3,783 Est. Cost $14.85 Unrealized +12.2%

JXN JACKSON FINANCIAL INC 0.0%

Value ($000) $36 Shares 342 Est. Cost $70.79 Unrealized +62.4%

GL GLOBE LIFE INC 0.0%

Value ($000) $34 Shares 245 Est. Cost $116.40 Unrealized +21.8%

EC ECOPETROL S A 0.0%

Value ($000) $31 Shares 3,107 Est. Cost $9.48 Unrealized —

MOMO HELLO GROUP INC 0.0%

Value ($000) $27 Shares 4,047 Est. Cost $6.71 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	31,080	$7,174	1.8%	$157.65	+43.9%	—	023135106
UBER	UBER TECHNOLOGIES INC	63,217	$5,165	1.3%	$72.68	+8.3%	—	90353T100
WWW	WOLVERINE WORLD WIDE INC	200,000	$3,630	0.9%	$26.08	-30.0%	—	978097103
GOSS	GOSSAMER BIO INC	561,951	$1,742	0.4%	$1.32	+71.4%	—	38341P102
ANET	ARISTA NETWORKS INC	12,456	$1,632	0.4%	$115.02	+17.4%	—	040413205
SHOP	SHOPIFY INC	8,161	$1,314	0.3%	$160.56	-15.0%	—	82509L107
PSIX	POWER SOLUTIONS INTL INC	20,000	$1,143	0.3%	$71.37	+10.1%	—	73933G202
CPNG	COUPANG INC	47,735	$1,126	0.3%	$25.61	-22.5%	—	22266T109
—	MIND MEDICINE MINDMED INC	70,000	$937	0.2%	$13.39	—	—	60255C885
MICC	MAGNUM ICE CREAM CO NV	21,682	$347	0.1%	$15.68	+7.2%	—	N5505D105
PONY	PONY AI INC	16,552	$240	0.1%	$14.50	—	—	732908108
INTC	INTEL CORP	5,453	$201	0.1%	$25.74	+80.4%	—	458140100
PBR/A	PETROLEO BRASILEIRO SA PETRO	16,148	$182	0.0%	$12.91	—	—	71654V101
BCC	BOISE CASCADE CO DEL	1,403	$103	0.0%	$89.33	-6.3%	—	09739D100
LBRDK	LIBERTY BROADBAND CORP	2,060	$100	0.0%	$69.09	-28.0%	—	530307305
JAZZ	JAZZ PHARMACEUTICALS PLC	452	$77	0.0%	$130.38	+29.7%	—	G50871105
OMF	ONEMAIN HLDGS INC	1,091	$74	0.0%	$49.88	+26.8%	—	68268W103
GT	GOODYEAR TIRE & RUBR CO	8,244	$72	0.0%	$10.28	-9.5%	—	382550101
HUN	HUNTSMAN CORP	6,761	$68	0.0%	$9.16	+32.5%	—	447011107
CLB	CORE LABORATORIES INC	4,196	$67	0.0%	$16.84	+11.8%	—	21867A105
MTDR	MATADOR RES CO	1,573	$67	0.0%	$42.00	+8.1%	—	576485205
VIST	VISTA ENERGY S.A.B. DE C.V.	1,370	$67	0.0%	$48.66	—	—	92837L109
UNH	UNITEDHEALTH GROUP INC	201	$66	0.0%	$374.94	-17.7%	—	91324P102
WHR	WHIRLPOOL CORP	919	$66	0.0%	$101.60	-17.9%	—	963320106
CVS	CVS HEALTH CORP	830	$66	0.0%	$55.99	+39.3%	—	126650100
TGT	TARGET CORP	673	$66	0.0%	$114.26	-4.4%	—	87612E106
DOW	DOW INC	2,798	$65	0.0%	$22.78	+27.5%	—	260557103
CPB	THE CAMPBELLS COMPANY	2,301	$64	0.0%	$30.06	-9.2%	—	134429109
FUTU	FUTU HLDGS LTD	390	$64	0.0%	$94.87	—	—	36118L106
CI	THE CIGNA GROUP	228	$63	0.0%	$278.64	+0.7%	—	125523100
UHS	UNIVERSAL HLTH SVCS INC	285	$62	0.0%	$167.23	+28.2%	—	913903100
ALSN	ALLISON TRANSMISSION HLDGS I	632	$62	0.0%	$87.50	+27.1%	—	01973R101
GIS	GENERAL MLS INC	1,302	$61	0.0%	$56.48	-19.5%	—	370334104
LYB	LYONDELLBASELL INDUSTRIES N	1,378	$60	0.0%	$44.45	+17.9%	—	N53745100
HPQ	HP INC	2,669	$59	0.0%	$25.25	-21.7%	—	40434L105
BBY	BEST BUY INC	853	$57	0.0%	$70.01	-4.3%	—	086516101
NE	NOBLE CORP PLC	1,965	$55	0.0%	$30.41	+22.2%	—	G65431127
HLF	HERBALIFE LTD	3,783	$49	0.0%	$14.85	+12.2%	—	G4412G101
JXN	JACKSON FINANCIAL INC	342	$36	0.0%	$70.79	+62.4%	—	46817M107
GL	GLOBE LIFE INC	245	$34	0.0%	$116.40	+21.8%	—	37959E102
EC	ECOPETROL S A	3,107	$31	0.0%	$9.48	—	—	279158109
MOMO	HELLO GROUP INC	4,047	$27	0.0%	$6.71	—	—	423403104

Decreased Positions (30)

TCOM TRIP COM GROUP LTD 4.8%

Value ($000) $18,906 (-40.7%) Shares 379,718 (-14.4%) Est. Cost $28.34 Unrealized —

GOOG ALPHABET INC 1.8%

Value ($000) $7,054 (-39.0%) Shares 24,592 (-33.3%) Est. Cost $125.35 Unrealized +158.2%

FICO FAIR ISAAC CORP 0.9%

Value ($000) $3,630 (-44.4%) Shares 3,400 (-11.9%) Est. Cost $1503.82 Unrealized -2.5%

GPCR STRUCTURE THERAPEUTICS INC 0.8%

Value ($000) $3,223 (-47.3%) Shares 66,864 (-23.9%) Est. Cost $34.47 Unrealized —

MSFT MICROSOFT CORP 0.4%

Value ($000) $1,530 (-63.1%) Shares 4,134 (-51.8%) Est. Cost $166.17 Unrealized +161.5%

AVGO BROADCOM INC 2.0%

Value ($000) $8,105 (-24.2%) Shares 26,186 (-15.2%) Est. Cost $157.31 Unrealized +112.4%

ARWR ARROWHEAD PHARMACEUTICALS IN 1.0%

Value ($000) $4,060 (-31.7%) Shares 64,752 (-27.6%) Est. Cost $28.84 Unrealized +127.9%

META META PLATFORMS INC 0.7%

Value ($000) $2,861 (-38.1%) Shares 5,000 (-28.6%) Est. Cost $209.17 Unrealized +213.4%

CNTA CENTESSA PHARMACEUTICALS PLC 1.4%

Value ($000) $5,471 (+41.0%) Shares 137,741 (-11.2%) Est. Cost $8.01 Unrealized —

GOOGL ALPHABET INC 0.9%

Value ($000) $3,451 (-31.1%) Shares 12,000 (-25.0%) Est. Cost $163.26 Unrealized +98.0%

ROIV ROIVANT SCIENCES LTD 0.6%

Value ($000) $2,559 (-37.6%) Shares 92,397 (-51.2%) Est. Cost $7.47 Unrealized +223.7%

MOD MODINE MFG CO 0.2%

Value ($000) $787 (-66.2%) Shares 3,633 (-79.2%) Est. Cost $148.95 Unrealized +18.5%

VERA VERA THERAPEUTICS INC 1.2%

Value ($000) $4,574 (-24.3%) Shares 113,687 (-4.8%) Est. Cost $13.60 Unrealized +230.8%

ICE INTERCONTINENTAL EXCHANGE IN 0.9%

Value ($000) $3,761 (-27.1%) Shares 23,913 (-24.9%) Est. Cost $134.72 Unrealized +22.5%

IDYA IDEAYA BIOSCIENCES INC 0.8%

Value ($000) $3,053 (-26.8%) Shares 91,637 (-24.0%) Est. Cost $20.53 Unrealized +65.0%

AS AMER SPORTS INC 1.2%

Value ($000) $4,938 (-17.4%) Shares 150,000 (-6.3%) Est. Cost $12.79 Unrealized +198.6%

MU MICRON TECHNOLOGY INC 2.0%

Value ($000) $7,992 (+12.4%) Shares 23,656 (-5.1%) Est. Cost $68.84 Unrealized +462.2%

NOAH NOAH HLDGS LTD 2.5%

Value ($000) $9,837 (-7.5%) Shares 993,612 (-6.2%) Est. Cost $27.09 Unrealized —

HD HOME DEPOT INC 1.0%

Value ($000) $3,782 (-17.4%) Shares 11,500 (-13.5%) Est. Cost $389.16 Unrealized -3.1%

FND FLOOR & DECOR HLDGS INC 0.9%

Value ($000) $3,429 (-18.3%) Shares 67,500 (-2.0%) Est. Cost $79.75 Unrealized -12.3%

BSX BOSTON SCIENTIFIC CORP 0.3%

Value ($000) $1,119 (-40.0%) Shares 17,827 (-8.8%) Est. Cost $98.04 Unrealized -12.5%

VRT VERTIV HOLDINGS CO 0.6%

Value ($000) $2,538 (+30.0%) Shares 10,127 (-15.9%) Est. Cost $115.28 Unrealized +73.4%

LRCX LAM RESEARCH CORP 2.5%

Value ($000) $9,922 (+3.8%) Shares 46,439 (-16.8%) Est. Cost $78.06 Unrealized +189.4%

KLAC KLA CORP 0.5%

Value ($000) $2,147 (-13.4%) Shares 1,458 (-28.5%) Est. Cost $839.67 Unrealized +74.1%

APGE APOGEE THERAPEUTICS INC 1.2%

Value ($000) $4,908 (-6.0%) Shares 58,314 (-15.7%) Est. Cost $23.27 Unrealized +210.3%

DRUG BRIGHT MINDS BIOSCIENCES INC 0.4%

Value ($000) $1,396 (-17.7%) Shares 19,127 (-12.0%) Est. Cost $36.60 Unrealized +129.5%

BABA ALIBABA GROUP HLDG LTD 0.1%

Value ($000) $537 (-31.3%) Shares 4,283 (-19.7%) Est. Cost $138.89 Unrealized —

KR KROGER CO 1.1%

Value ($000) $4,395 (+5.5%) Shares 60,743 (-8.9%) Est. Cost $69.08 Unrealized -6.5%

JD JD.COM INC 0.2%

Value ($000) $847 (-4.3%) Shares 28,650 (-7.1%) Est. Cost $54.60 Unrealized —

COGT COGENT BIOSCIENCES INC 1.1%

Value ($000) $4,313 (+0.2%) Shares 112,066 (-7.6%) Est. Cost $8.13 Unrealized +359.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TCOM	TRIP COM GROUP LTD	379,718 (-14.4%)	$18,906 (-40.7%)	4.8%	$28.34	—	ADS	89677Q107
GOOG	ALPHABET INC	24,592 (-33.3%)	$7,054 (-39.0%)	1.8%	$125.35	+158.2%	CAP STK CL C	02079K107
FICO	FAIR ISAAC CORP	3,400 (-11.9%)	$3,630 (-44.4%)	0.9%	$1503.82	-2.5%	COM	303250104
GPCR	STRUCTURE THERAPEUTICS INC	66,864 (-23.9%)	$3,223 (-47.3%)	0.8%	$34.47	—	SPONSORED ADS	86366E106
MSFT	MICROSOFT CORP	4,134 (-51.8%)	$1,530 (-63.1%)	0.4%	$166.17	+161.5%	COM	594918104
AVGO	BROADCOM INC	26,186 (-15.2%)	$8,105 (-24.2%)	2.0%	$157.31	+112.4%	COM	11135F101
ARWR	ARROWHEAD PHARMACEUTICALS IN	64,752 (-27.6%)	$4,060 (-31.7%)	1.0%	$28.84	+127.9%	COM	04280A100
META	META PLATFORMS INC	5,000 (-28.6%)	$2,861 (-38.1%)	0.7%	$209.17	+213.4%	CL A	30303M102
CNTA	CENTESSA PHARMACEUTICALS PLC	137,741 (-11.2%)	$5,471 (+41.0%)	1.4%	$8.01	—	SPONSORED ADS	152309100
GOOGL	ALPHABET INC	12,000 (-25.0%)	$3,451 (-31.1%)	0.9%	$163.26	+98.0%	CAP STK CL A	02079K305
ROIV	ROIVANT SCIENCES LTD	92,397 (-51.2%)	$2,559 (-37.6%)	0.6%	$7.47	+223.7%	SHS	G76279101
MOD	MODINE MFG CO	3,633 (-79.2%)	$787 (-66.2%)	0.2%	$148.95	+18.5%	COM	607828100
VERA	VERA THERAPEUTICS INC	113,687 (-4.8%)	$4,574 (-24.3%)	1.2%	$13.60	+230.8%	CL A	92337R101
ICE	INTERCONTINENTAL EXCHANGE IN	23,913 (-24.9%)	$3,761 (-27.1%)	0.9%	$134.72	+22.5%	COM	45866F104
IDYA	IDEAYA BIOSCIENCES INC	91,637 (-24.0%)	$3,053 (-26.8%)	0.8%	$20.53	+65.0%	COM	45166A102
AS	AMER SPORTS INC	150,000 (-6.3%)	$4,938 (-17.4%)	1.2%	$12.79	+198.6%	COM SHS	G0260P102
MU	MICRON TECHNOLOGY INC	23,656 (-5.1%)	$7,992 (+12.4%)	2.0%	$68.84	+462.2%	COM	595112103
NOAH	NOAH HLDGS LTD	993,612 (-6.2%)	$9,837 (-7.5%)	2.5%	$27.09	—	SPON ADS	65487X102
HD	HOME DEPOT INC	11,500 (-13.5%)	$3,782 (-17.4%)	1.0%	$389.16	-3.1%	COM	437076102
FND	FLOOR & DECOR HLDGS INC	67,500 (-2.0%)	$3,429 (-18.3%)	0.9%	$79.75	-12.3%	CL A	339750101
BSX	BOSTON SCIENTIFIC CORP	17,827 (-8.8%)	$1,119 (-40.0%)	0.3%	$98.04	-12.5%	COM	101137107
VRT	VERTIV HOLDINGS CO	10,127 (-15.9%)	$2,538 (+30.0%)	0.6%	$115.28	+73.4%	COM CL A	92537N108
LRCX	LAM RESEARCH CORP	46,439 (-16.8%)	$9,922 (+3.8%)	2.5%	$78.06	+189.4%	COM NEW	512807306
KLAC	KLA CORP	1,458 (-28.5%)	$2,147 (-13.4%)	0.5%	$839.67	+74.1%	COM NEW	482480100
APGE	APOGEE THERAPEUTICS INC	58,314 (-15.7%)	$4,908 (-6.0%)	1.2%	$23.27	+210.3%	COM	03770N101
DRUG	BRIGHT MINDS BIOSCIENCES INC	19,127 (-12.0%)	$1,396 (-17.7%)	0.4%	$36.60	+129.5%	COM NEW	10919W405
BABA	ALIBABA GROUP HLDG LTD	4,283 (-19.7%)	$537 (-31.3%)	0.1%	$138.89	—	SPONSORED ADS	01609W102
KR	KROGER CO	60,743 (-8.9%)	$4,395 (+5.5%)	1.1%	$69.08	-6.5%	COM	501044101
JD	JD.COM INC	28,650 (-7.1%)	$847 (-4.3%)	0.2%	$54.60	—	SPON ADS CL A	47215P106
COGT	COGENT BIOSCIENCES INC	112,066 (-7.6%)	$4,313 (+0.2%)	1.1%	$8.13	+359.6%	COM	19240Q201

Unchanged Positions (37)

ZTO ZTO EXPRESS CAYMAN INC 12.7%

Value ($000) $50,192 Shares 1,994,127 Est. Cost $24.47 Unrealized —

VAL VALARIS LTD 1.1%

Value ($000) $4,506 Shares 45,956 Est. Cost $52.86 Unrealized +28.0%

IQV IQVIA HLDGS INC 1.1%

Value ($000) $4,555 Shares 26,708 Est. Cost $150.55 Unrealized +39.6%

TERN TERNS PHARMACEUTICALS INC 1.5%

Value ($000) $5,838 Shares 110,734 Est. Cost $6.39 Unrealized +486.6%

JNJ JOHNSON & JOHNSON 1.7%

Value ($000) $6,803 Shares 27,830 Est. Cost $150.68 Unrealized +51.2%

UBS UBS GROUP AG 1.1%

Value ($000) $4,497 Shares 117,507 Est. Cost $33.35 Unrealized +36.6%

MRK MERCK & CO INC 1.9%

Value ($000) $7,616 Shares 63,316 Est. Cost $89.51 Unrealized +27.7%

PDD PDD HOLDINGS INC 2.0%

Value ($000) $8,016 Shares 78,445 Est. Cost $105.54 Unrealized —

TRU TRANSUNION 0.8%

Value ($000) $3,086 Shares 44,595 Est. Cost $64.83 Unrealized +21.7%

CCJ CAMECO CORP 1.2%

Value ($000) $4,600 Shares 42,356 Est. Cost $38.31 Unrealized +203.5%

GEV GE VERNOVA INC 0.7%

Value ($000) $2,660 Shares 3,047 Est. Cost $609.04 Unrealized +21.0%

DDL DINGDONG CAYMAN LTD 4.2%

Value ($000) $16,670 Shares 6,486,507 Est. Cost $3.90 Unrealized —

VEEV VEEVA SYS INC 0.5%

Value ($000) $1,952 Shares 11,110 Est. Cost $188.05 Unrealized +8.4%

ISRG INTUITIVE SURGICAL INC 0.6%

Value ($000) $2,234 Shares 4,846 Est. Cost $483.32 Unrealized +7.8%

PRQR PROQR THRAPEUTICS N V 0.5%

Value ($000) $2,002 Shares 1,235,514 Est. Cost $3.18 Unrealized -48.5%

BCYC BICYCLE THERAPEUTICS PLC 0.2%

Value ($000) $857 Shares 184,603 Est. Cost $18.99 Unrealized —

MA MASTERCARD INCORPORATED 0.7%

Value ($000) $2,843 Shares 5,689 Est. Cost $533.76 Unrealized +1.0%

HTHT H WORLD GROUP LTD 1.5%

Value ($000) $5,934 Shares 117,996 Est. Cost $29.92 Unrealized —

IDXX IDEXX LABS INC 0.4%

Value ($000) $1,686 Shares 3,000 Est. Cost $478.19 Unrealized +40.2%

NVDA NVIDIA CORPORATION 1.2%

Value ($000) $4,917 Shares 28,191 Est. Cost $125.98 Unrealized +48.2%

ABBV ABBVIE INC 1.7%

Value ($000) $6,547 Shares 30,102 Est. Cost $189.55 Unrealized +17.4%

ZTS ZOETIS INC 1.3%

Value ($000) $4,965 Shares 42,000 Est. Cost $171.31 Unrealized -26.5%

RCUS ARCUS BIOSCIENCES INC 0.7%

Value ($000) $2,899 Shares 134,217 Est. Cost $20.99 Unrealized +1.4%

ADCT ADC THERAPEUTICS SA 0.9%

Value ($000) $3,715 Shares 990,778 Est. Cost $3.33 Unrealized +15.2%

YUM YUM BRANDS INC 1.6%

Value ($000) $6,195 Shares 39,847 Est. Cost $144.17 Unrealized +9.1%

AURA AURA BIOSCIENCES INC 0.2%

Value ($000) $748 Shares 111,865 Est. Cost $8.47 Unrealized -35.8%

ZYME ZYMEWORKS INC 0.7%

Value ($000) $2,634 Shares 105,184 Est. Cost $7.15 Unrealized +226.8%

ABSI ABSCI CORPORATION 0.2%

Value ($000) $713 Shares 237,764 Est. Cost $3.64 Unrealized -17.6%

IMVT IMMUNOVANT INC 1.1%

Value ($000) $4,515 Shares 181,774 Est. Cost $10.61 Unrealized +147.4%

ARVN ARVINAS INC 0.2%

Value ($000) $769 Shares 72,527 Est. Cost $7.58 Unrealized +65.7%

RCI ROGERS COMMUNICATIONS INC 1.4%

Value ($000) $5,640 Shares 147,160 Est. Cost $26.20 Unrealized +42.6%

AMD ADVANCED MICRO DEVICES INC 0.4%

Value ($000) $1,467 Shares 7,210 Est. Cost $224.60 Unrealized -1.3%

MBX MBX BIOSCIENCES INC 0.3%

Value ($000) $1,301 Shares 43,597 Est. Cost $21.19 Unrealized +73.8%

MGTX MEIRAGTX HLDGS PLC 0.2%

Value ($000) $813 Shares 93,922 Est. Cost $4.32 Unrealized +76.1%

STOK STOKE THERAPEUTICS INC 0.3%

Value ($000) $1,329 Shares 40,815 Est. Cost $19.64 Unrealized +62.1%

SKYE SKYE BIOSCIENCE INC 0.0%

Value ($000) $143 Shares 233,095 Est. Cost $5.61 Unrealized -84.1%

CDXS CODEXIS INC 0.1%

Value ($000) $431 Shares 264,464 Est. Cost $3.42 Unrealized -58.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ZTO	ZTO EXPRESS CAYMAN INC	1,994,127	$50,192	12.7%	$24.47	—	SPONSORED ADS A	98980A105
VAL	VALARIS LTD	45,956	$4,506	1.1%	$52.86	+28.0%	CL A	G9460G101
IQV	IQVIA HLDGS INC	26,708	$4,555	1.1%	$150.55	+39.6%	COM	46266C105
TERN	TERNS PHARMACEUTICALS INC	110,734	$5,838	1.5%	$6.39	+486.6%	COM	880881107
JNJ	JOHNSON & JOHNSON	27,830	$6,803	1.7%	$150.68	+51.2%	COM	478160104
UBS	UBS GROUP AG	117,507	$4,497	1.1%	$33.35	+36.6%	SHS	H42097107
MRK	MERCK & CO INC	63,316	$7,616	1.9%	$89.51	+27.7%	COM	58933Y105
PDD	PDD HOLDINGS INC	78,445	$8,016	2.0%	$105.54	—	SPONSORED ADS	722304102
TRU	TRANSUNION	44,595	$3,086	0.8%	$64.83	+21.7%	COM	89400J107
CCJ	CAMECO CORP	42,356	$4,600	1.2%	$38.31	+203.5%	COM	13321L108
GEV	GE VERNOVA INC	3,047	$2,660	0.7%	$609.04	+21.0%	COM	36828A101
DDL	DINGDONG CAYMAN LTD	6,486,507	$16,670	4.2%	$3.90	—	ADS	25445D101
VEEV	VEEVA SYS INC	11,110	$1,952	0.5%	$188.05	+8.4%	CL A COM	922475108
ISRG	INTUITIVE SURGICAL INC	4,846	$2,234	0.6%	$483.32	+7.8%	COM NEW	46120E602
PRQR	PROQR THRAPEUTICS N V	1,235,514	$2,002	0.5%	$3.18	-48.5%	SHS EURO	N71542109
BCYC	BICYCLE THERAPEUTICS PLC	184,603	$857	0.2%	$18.99	—	SPONSORED ADS	088786108
MA	MASTERCARD INCORPORATED	5,689	$2,843	0.7%	$533.76	+1.0%	CL A	57636Q104
HTHT	H WORLD GROUP LTD	117,996	$5,934	1.5%	$29.92	—	SPONSORED ADS	44332N106
IDXX	IDEXX LABS INC	3,000	$1,686	0.4%	$478.19	+40.2%	COM	45168D104
NVDA	NVIDIA CORPORATION	28,191	$4,917	1.2%	$125.98	+48.2%	COM	67066G104
ABBV	ABBVIE INC	30,102	$6,547	1.7%	$189.55	+17.4%	COM	00287Y109
ZTS	ZOETIS INC	42,000	$4,965	1.3%	$171.31	-26.5%	CL A	98978V103
RCUS	ARCUS BIOSCIENCES INC	134,217	$2,899	0.7%	$20.99	+1.4%	COM	03969F109
ADCT	ADC THERAPEUTICS SA	990,778	$3,715	0.9%	$3.33	+15.2%	SHS	H0036K147
YUM	YUM BRANDS INC	39,847	$6,195	1.6%	$144.17	+9.1%	COM	988498101
AURA	AURA BIOSCIENCES INC	111,865	$748	0.2%	$8.47	-35.8%	COM	05153U107
ZYME	ZYMEWORKS INC	105,184	$2,634	0.7%	$7.15	+226.8%	COM	98985Y108
ABSI	ABSCI CORPORATION	237,764	$713	0.2%	$3.64	-17.6%	COM	00091E109
IMVT	IMMUNOVANT INC	181,774	$4,515	1.1%	$10.61	+147.4%	COM	45258J102
ARVN	ARVINAS INC	72,527	$769	0.2%	$7.58	+65.7%	COM	04335A105
RCI	ROGERS COMMUNICATIONS INC	147,160	$5,640	1.4%	$26.20	+42.6%	CL B	775109200
AMD	ADVANCED MICRO DEVICES INC	7,210	$1,467	0.4%	$224.60	-1.3%	COM	007903107
MBX	MBX BIOSCIENCES INC	43,597	$1,301	0.3%	$21.19	+73.8%	COM	55287L101
MGTX	MEIRAGTX HLDGS PLC	93,922	$813	0.2%	$4.32	+76.1%	COM	G59665102
STOK	STOKE THERAPEUTICS INC	40,815	$1,329	0.3%	$19.64	+62.1%	COM	86150R107
SKYE	SKYE BIOSCIENCE INC	233,095	$143	0.0%	$5.61	-84.1%	COM NEW	83086J200
CDXS	CODEXIS INC	264,464	$431	0.1%	$3.42	-58.3%	COM	192005106