Pier Capital, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CGNX	Cognex Corp	162,966	$7,984	1.3%	$44.48	0.0%	COM	192422103
BIRK	Birkenstock Holding plc	220,241	$7,891	1.3%	$39.95	0.0%	COM	M2029K104
ARCB	ArcBest Corp	79,719	$7,841	1.3%	$95.11	0.0%	COM	03937C105
VIAV	Viavi Solutions Inc	199,138	$6,627	1.1%	$22.97	0.0%	COM	925550105
WIX	Wix com Ltd	58,930	$5,308	0.9%	$81.46	0.0%	COM	M98068105
IPGP	IPG Photonics Corp	40,920	$4,689	0.8%	$101.69	0.0%	COM	44980X109
CYTK	Cytokinetics Inc	69,583	$4,586	0.8%	$64.44	0.0%	COM	23282W605
HASI	HA Sustainable Infrastructure Capital Inc	119,656	$4,397	0.7%	$35.18	0.0%	COM	41068X100
COHU	Cohu Inc	112,874	$3,456	0.6%	$29.28	0.0%	COM	192576106
GKOS	Glaukos Corp	29,261	$3,150	0.5%	$116.07	0.0%	COM	377322102
PL	Planet Labs PBC	106,263	$2,970	0.5%	$24.28	0.0%	COM	72703X106
COMP	Compass Inc	378,513	$2,767	0.5%	$11.75	0.0%	COM	20464U100
CRS	Carpenter Technology Corp	4,418	$1,741	0.3%	$349.30	0.0%	COM	144285103
QTRX	Quanterix Corp	492,368	$1,733	0.3%	$6.50	0.0%	COM	74766Q101
CAPR	Capricor Therapeutics Inc	44,401	$1,350	0.2%	$24.88	0.0%	COM	14070B309
HII	Huntington Ingalls Industries	2,980	$1,132	0.2%	$410.48	0.0%	COM	446413106
NVT	nVent Electric PLC	7,164	$847	0.1%	$112.33	0.0%	COM	G6700G107
DDOG	Datadog Inc	26	$3	0.0%	$123.93	0.0%	COM	23804L103
NRG	NRG Energy Inc	19	$3	0.0%	$158.48	0.0%	COM	629377508

Increased Positions (26)

SMTC Semtech Corp 1.6%

Value ($000) $9,455 (+160.7%) Shares 122,962 (+149.9%) Est. Cost $77.85 Unrealized +5.9%

ESE ESCO Technologies Inc 1.4%

Value ($000) $8,292 (+176.7%) Shares 29,469 (+92.2%) Est. Cost $224.57 Unrealized +6.7%

GLBE Global-e Online Ltd 1.0%

Value ($000) $6,077 (+284.2%) Shares 196,982 (+389.6%) Est. Cost $36.39 Unrealized -0.5%

SITE SiteOne Landscape Supply Inc 1.3%

Value ($000) $7,775 (+105.3%) Shares 58,412 (+92.1%) Est. Cost $135.73 Unrealized +7.3%

CAMT Camtek Ltd 1.1%

Value ($000) $6,866 (+94.2%) Shares 45,284 (+36.2%) Est. Cost $121.25 Unrealized +20.3%

CECO CECO Environmental Corp 1.5%

Value ($000) $8,952 (+52.9%) Shares 150,245 (+53.6%) Est. Cost $40.21 Unrealized +71.1%

AIT Applied Industrial Technologies Inc 1.7%

Value ($000) $10,482 (+37.0%) Shares 39,507 (+32.5%) Est. Cost $209.48 Unrealized +31.6%

SHLS Shoals Technologies Group Inc 1.0%

Value ($000) $6,243 (+72.3%) Shares 948,749 (+122.5%) Est. Cost $9.22 Unrealized +2.1%

COGT Cogent Biosciences Inc 0.6%

Value ($000) $3,899 (+137.3%) Shares 101,304 (+119.0%) Est. Cost $33.14 Unrealized +12.8%

IPAR Interparfums Inc 1.3%

Value ($000) $7,811 (+37.6%) Shares 85,991 (+28.5%) Est. Cost $91.88 Unrealized +4.7%

SXT Sensient Technologies Corp 1.1%

Value ($000) $6,423 (+40.8%) Shares 74,309 (+53.0%) Est. Cost $91.60 Unrealized +4.5%

ANGO AngioDynamics Inc 1.5%

Value ($000) $9,058 (+23.4%) Shares 796,696 (+39.3%) Est. Cost $10.44 Unrealized +3.3%

SITM SiTime Corp 1.0%

Value ($000) $6,180 (+38.4%) Shares 17,895 (+41.6%) Est. Cost $196.91 Unrealized +91.8%

FLNC Fluence Energy Inc 1.0%

Value ($000) $5,944 (+40.5%) Shares 431,951 (+102.0%) Est. Cost $15.90 Unrealized +43.0%

SAIA Saia Inc 1.7%

Value ($000) $10,104 (+17.7%) Shares 28,764 (+9.4%) Est. Cost $299.24 Unrealized +24.3%

WMS Advanced Drainage Systems Inc 1.4%

Value ($000) $8,757 (+20.0%) Shares 63,860 (+26.7%) Est. Cost $148.14 Unrealized +8.8%

VERX Vertex Inc 0.6%

Value ($000) $3,712 (-24.0%) Shares 312,227 (+27.7%) Est. Cost $25.45 Unrealized -33.8%

GLOB Globant SA 0.5%

Value ($000) $2,786 (+64.0%) Shares 60,430 (+132.5%) Est. Cost $61.55 Unrealized -2.0%

LEU Centrus Energy Corp 0.7%

Value ($000) $4,119 (+20.9%) Shares 23,727 (+69.0%) Est. Cost $269.88 Unrealized -0.9%

CVCO Cavco Industries Inc 1.1%

Value ($000) $6,702 (-6.3%) Shares 13,839 (+14.3%) Est. Cost $535.70 Unrealized +12.7%

HLI Houlihan Lokey Inc 1.3%

Value ($000) $8,064 (+5.2%) Shares 56,145 (+27.6%) Est. Cost $143.98 Unrealized +22.0%

DXCM Dexcom Inc 0.1%

Value ($000) $375 (+16505.7%) Shares 5,968 (+17452.9%) Est. Cost $71.04 Unrealized -0.2%

DT Dynatrace Inc 0.1%

Value ($000) $851 (+49.4%) Shares 23,016 (+75.1%) Est. Cost $45.01 Unrealized -14.7%

CVLT Commvault Systems Inc 1.2%

Value ($000) $7,096 (-3.0%) Shares 91,102 (+56.1%) Est. Cost $127.10 Unrealized -19.1%

ELF elf Beauty Inc 0.5%

Value ($000) $2,731 (-5.9%) Shares 45,064 (+18.1%) Est. Cost $93.92 Unrealized -8.8%

FIVE Five Below Inc 0.0%

Value ($000) $4 (+87.5%) Shares 17 (+54.5%) Est. Cost $172.40 Unrealized +16.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SMTC	Semtech Corp	122,962 (+149.9%)	$9,455 (+160.7%)	1.6%	$77.85	+5.9%	COM	816850101
ESE	ESCO Technologies Inc	29,469 (+92.2%)	$8,292 (+176.7%)	1.4%	$224.57	+6.7%	COM	296315104
GLBE	Global-e Online Ltd	196,982 (+389.6%)	$6,077 (+284.2%)	1.0%	$36.39	-0.5%	COM	M5216V106
SITE	SiteOne Landscape Supply Inc	58,412 (+92.1%)	$7,775 (+105.3%)	1.3%	$135.73	+7.3%	COM	82982L103
CAMT	Camtek Ltd	45,284 (+36.2%)	$6,866 (+94.2%)	1.1%	$121.25	+20.3%	COM	M20791105
CECO	CECO Environmental Corp	150,245 (+53.6%)	$8,952 (+52.9%)	1.5%	$40.21	+71.1%	COM	125141101
AIT	Applied Industrial Technologies Inc	39,507 (+32.5%)	$10,482 (+37.0%)	1.7%	$209.48	+31.6%	COM	03820C105
SHLS	Shoals Technologies Group Inc	948,749 (+122.5%)	$6,243 (+72.3%)	1.0%	$9.22	+2.1%	COM	82489W107
COGT	Cogent Biosciences Inc	101,304 (+119.0%)	$3,899 (+137.3%)	0.6%	$33.14	+12.8%	COM	19240Q201
IPAR	Interparfums Inc	85,991 (+28.5%)	$7,811 (+37.6%)	1.3%	$91.88	+4.7%	COM	458334109
SXT	Sensient Technologies Corp	74,309 (+53.0%)	$6,423 (+40.8%)	1.1%	$91.60	+4.5%	COM	81725T100
ANGO	AngioDynamics Inc	796,696 (+39.3%)	$9,058 (+23.4%)	1.5%	$10.44	+3.3%	COM	03475V101
SITM	SiTime Corp	17,895 (+41.6%)	$6,180 (+38.4%)	1.0%	$196.91	+91.8%	COM	82982T106
FLNC	Fluence Energy Inc	431,951 (+102.0%)	$5,944 (+40.5%)	1.0%	$15.90	+43.0%	COM	34379V103
SAIA	Saia Inc	28,764 (+9.4%)	$10,104 (+17.7%)	1.7%	$299.24	+24.3%	COM	78709Y105
WMS	Advanced Drainage Systems Inc	63,860 (+26.7%)	$8,757 (+20.0%)	1.4%	$148.14	+8.8%	COM	00790R104
VERX	Vertex Inc	312,227 (+27.7%)	$3,712 (-24.0%)	0.6%	$25.45	-33.8%	COM	92538J106
GLOB	Globant SA	60,430 (+132.5%)	$2,786 (+64.0%)	0.5%	$61.55	-2.0%	COM	L44385109
LEU	Centrus Energy Corp	23,727 (+69.0%)	$4,119 (+20.9%)	0.7%	$269.88	-0.9%	COM	15643U104
CVCO	Cavco Industries Inc	13,839 (+14.3%)	$6,702 (-6.3%)	1.1%	$535.70	+12.7%	COM	149568107
HLI	Houlihan Lokey Inc	56,145 (+27.6%)	$8,064 (+5.2%)	1.3%	$143.98	+22.0%	COM	441593100
DXCM	Dexcom Inc	5,968 (+17452.9%)	$375 (+16505.7%)	0.1%	$71.04	-0.2%	COM	252131107
DT	Dynatrace Inc	23,016 (+75.1%)	$851 (+49.4%)	0.1%	$45.01	-14.7%	COM	268150109
CVLT	Commvault Systems Inc	91,102 (+56.1%)	$7,096 (-3.0%)	1.2%	$127.10	-19.1%	COM	204166102
ELF	elf Beauty Inc	45,064 (+18.1%)	$2,731 (-5.9%)	0.5%	$93.92	-8.8%	COM	26856L103
FIVE	Five Below Inc	17 (+54.5%)	$4 (+87.5%)	0.0%	$172.40	+16.9%	COM	33829M101

Exited Positions (22)

CWAN Clearwater Analytics Holdings Inc 2.7%

Value ($000) $16,449 Shares 681,972 Est. Cost $23.58 Unrealized +1.1%

GTLB GitLab Inc 1.5%

Value ($000) $8,886 Shares 236,771 Est. Cost $45.10 Unrealized -27.2%

QTWO Q2 Holdings Inc 1.2%

Value ($000) $7,560 Shares 104,763 Est. Cost $47.41 Unrealized +28.2%

CERT Certara Inc 1.2%

Value ($000) $7,404 Shares 840,449 Est. Cost $11.58 Unrealized -28.6%

FROG JFrog Ltd 0.9%

Value ($000) $5,507 Shares 88,170 Est. Cost $27.87 Unrealized +90.0%

BILL BILL Holdings Inc 0.8%

Value ($000) $5,064 Shares 92,841 Est. Cost $51.37 Unrealized -8.5%

XMTR Xometry Inc 0.8%

Value ($000) $4,617 Shares 77,640 Est. Cost $29.31 Unrealized +106.8%

GRAL GRAIL Inc 0.7%

Value ($000) $4,437 Shares 51,836 Est. Cost $36.20 Unrealized +160.7%

ODD Oddity Tech Ltd 0.7%

Value ($000) $4,205 Shares 104,649 Est. Cost $62.32 Unrealized -48.5%

PATH UiPath Inc 0.7%

Value ($000) $4,118 Shares 251,245 Est. Cost $13.65 Unrealized -1.2%

ACLX Arcellx Inc 0.6%

Value ($000) $3,851 Shares 59,063 Est. Cost $67.74 Unrealized +5.3%

BE Bloom Energy Corp 0.6%

Value ($000) $3,836 Shares 44,151 Est. Cost $23.87 Unrealized +505.9%

ADPT Adaptive Biotechnologies Corp 0.6%

Value ($000) $3,814 Shares 234,848 Est. Cost $10.28 Unrealized +65.4%

FIGR Figure Technology Solutions Inc 0.6%

Value ($000) $3,553 Shares 87,004 Est. Cost $39.34 Unrealized +25.5%

SKYT SkyWater Technology Inc 0.6%

Value ($000) $3,365 Shares 185,270 Est. Cost $17.38 Unrealized +72.9%

MDB MongoDB Inc 0.2%

Value ($000) $1,098 Shares 2,617 Est. Cost $289.74 Unrealized +29.8%

PGNY Progyny Inc 0.0%

Value ($000) $10 Shares 394 Est. Cost $27.10 Unrealized -12.7%

BL BlackLine Inc 0.0%

Value ($000) $6 Shares 113 Est. Cost $60.65 Unrealized -23.1%

STVN Stevanato Group SpA 0.0%

Value ($000) $6 Shares 282 Est. Cost $26.40 Unrealized -33.4%

IQV IQVIA Holdings Inc 0.0%

Value ($000) $3 Shares 14 Est. Cost $204.96 Unrealized +2.5%

LNTH Lantheus Holdings Inc 0.0%

Value ($000) $3 Shares 47 Est. Cost $75.62 Unrealized -9.5%

ESTC Elastic NV 0.0%

Value ($000) $2 Shares 25 Est. Cost $88.87 Unrealized -24.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CWAN	Clearwater Analytics Holdings Inc	681,972	$16,449	2.7%	$23.58	+1.1%	—	185123106
GTLB	GitLab Inc	236,771	$8,886	1.5%	$45.10	-27.2%	—	37637K108
QTWO	Q2 Holdings Inc	104,763	$7,560	1.2%	$47.41	+28.2%	—	74736L109
CERT	Certara Inc	840,449	$7,404	1.2%	$11.58	-28.6%	—	15687V109
FROG	JFrog Ltd	88,170	$5,507	0.9%	$27.87	+90.0%	—	M6191J100
BILL	BILL Holdings Inc	92,841	$5,064	0.8%	$51.37	-8.5%	—	090043100
XMTR	Xometry Inc	77,640	$4,617	0.8%	$29.31	+106.8%	—	98423F109
GRAL	GRAIL Inc	51,836	$4,437	0.7%	$36.20	+160.7%	—	384747101
ODD	Oddity Tech Ltd	104,649	$4,205	0.7%	$62.32	-48.5%	—	M7518J104
PATH	UiPath Inc	251,245	$4,118	0.7%	$13.65	-1.2%	—	90364P105
ACLX	Arcellx Inc	59,063	$3,851	0.6%	$67.74	+5.3%	—	03940C100
BE	Bloom Energy Corp	44,151	$3,836	0.6%	$23.87	+505.9%	—	093712107
ADPT	Adaptive Biotechnologies Corp	234,848	$3,814	0.6%	$10.28	+65.4%	—	00650F109
FIGR	Figure Technology Solutions Inc	87,004	$3,553	0.6%	$39.34	+25.5%	—	349381103
SKYT	SkyWater Technology Inc	185,270	$3,365	0.6%	$17.38	+72.9%	—	83089J108
MDB	MongoDB Inc	2,617	$1,098	0.2%	$289.74	+29.8%	—	60937P106
PGNY	Progyny Inc	394	$10	0.0%	$27.10	-12.7%	—	74340E103
BL	BlackLine Inc	113	$6	0.0%	$60.65	-23.1%	—	09239B109
STVN	Stevanato Group SpA	282	$6	0.0%	$26.40	-33.4%	—	T9224W109
IQV	IQVIA Holdings Inc	14	$3	0.0%	$204.96	+2.5%	—	46266C105
LNTH	Lantheus Holdings Inc	47	$3	0.0%	$75.62	-9.5%	—	516544103
ESTC	Elastic NV	25	$2	0.0%	$88.87	-24.7%	—	N14506104

Decreased Positions (67)

PRVA Privia Health Group Inc 0.5%

Value ($000) $3,263 (-61.3%) Shares 158,641 (-55.3%) Est. Cost $24.66 Unrealized -7.5%

LIND Lindblad Expeditions Holdings Inc 0.5%

Value ($000) $3,322 (-60.1%) Shares 192,010 (-66.8%) Est. Cost $13.06 Unrealized +35.8%

DOCN DigitalOcean Holdings Inc 1.7%

Value ($000) $10,505 (+59.5%) Shares 122,466 (-10.5%) Est. Cost $44.03 Unrealized +31.9%

SKY Champion Homes Inc 1.1%

Value ($000) $6,418 (-37.7%) Shares 86,298 (-29.2%) Est. Cost $76.64 Unrealized +17.8%

CCS Century Communities Inc 0.8%

Value ($000) $5,139 (-42.8%) Shares 89,567 (-40.8%) Est. Cost $57.98 Unrealized +16.2%

MIR Mirion Technologies Inc 2.2%

Value ($000) $13,084 (-22.1%) Shares 703,811 (-1.9%) Est. Cost $15.57 Unrealized +55.2%

IBP Installed Building Products Inc 0.5%

Value ($000) $3,253 (-52.5%) Shares 12,269 (-53.6%) Est. Cost $145.18 Unrealized +111.5%

SIBN SI-BONE Inc 1.0%

Value ($000) $6,022 (-37.1%) Shares 476,805 (-1.7%) Est. Cost $15.18 Unrealized +11.5%

HRI Herc Holdings Inc 1.1%

Value ($000) $6,759 (-34.2%) Shares 67,893 (-1.9%) Est. Cost $119.71 Unrealized +33.0%

ESTA Establishment Labs Holdings Inc 1.3%

Value ($000) $7,584 (-27.7%) Shares 133,567 (-7.1%) Est. Cost $34.87 Unrealized +101.7%

TSEM Tower Semiconductor Ltd 0.8%

Value ($000) $5,106 (-35.6%) Shares 29,096 (-56.9%) Est. Cost $64.56 Unrealized +99.6%

KGS Kodiak Gas Services Inc 1.2%

Value ($000) $7,476 (+54.2%) Shares 128,194 (-1.1%) Est. Cost $30.93 Unrealized +40.7%

POWL Powell Industries Inc 1.2%

Value ($000) $7,228 (+57.1%) Shares 13,358 (-7.5%) Est. Cost $206.07 Unrealized +128.6%

RGEN Repligen Corp 1.0%

Value ($000) $6,258 (-29.5%) Shares 53,119 (-1.9%) Est. Cost $140.87 Unrealized +8.2%

LASR nLight Inc 1.2%

Value ($000) $7,366 (+49.0%) Shares 129,178 (-1.9%) Est. Cost $24.80 Unrealized +92.4%

ATEC Alphatec Holdings Inc 0.4%

Value ($000) $2,428 (-49.8%) Shares 223,159 (-2.9%) Est. Cost $18.51 Unrealized -13.8%

ROIV Roivant Sciences Ltd 1.0%

Value ($000) $6,290 (-25.9%) Shares 227,093 (-41.9%) Est. Cost $8.91 Unrealized +171.3%

RDNT RadNet Inc 1.1%

Value ($000) $6,645 (-23.0%) Shares 118,889 (-1.7%) Est. Cost $35.29 Unrealized +102.7%

OMCL Omnicell Inc 0.8%

Value ($000) $4,776 (-27.7%) Shares 143,086 (-1.9%) Est. Cost $34.69 Unrealized +29.9%

MC Moelis & Co 1.3%

Value ($000) $7,913 (-18.6%) Shares 138,822 (-1.8%) Est. Cost $62.75 Unrealized +12.1%

AEIS Advanced Energy Industries Inc 1.0%

Value ($000) $5,989 (-22.9%) Shares 18,559 (-49.9%) Est. Cost $161.01 Unrealized +68.0%

LSCC Lattice Semiconductor Corp 1.4%

Value ($000) $8,319 (+23.6%) Shares 89,683 (-1.9%) Est. Cost $49.23 Unrealized —

FN Fabrinet 1.2%

Value ($000) $7,001 (-17.6%) Shares 13,425 (-28.1%) Est. Cost $114.89 Unrealized +328.8%

OLMA Olema Pharmaceuticals Inc 0.3%

Value ($000) $2,029 (-42.1%) Shares 136,108 (-2.9%) Est. Cost $6.68 Unrealized +281.0%

UTI Universal Technical Institute Inc 1.3%

Value ($000) $7,597 (+22.5%) Shares 210,443 (-11.3%) Est. Cost $15.64 Unrealized +82.9%

ALHC Alignment Healthcare Inc 1.6%

Value ($000) $9,463 (-12.4%) Shares 537,050 (-1.8%) Est. Cost $16.66 Unrealized +28.7%

BOOT Boot Barn Holdings Inc 0.9%

Value ($000) $5,301 (-18.6%) Shares 36,218 (-1.9%) Est. Cost $78.76 Unrealized +142.1%

MOD Modine Manufacturing Co 1.1%

Value ($000) $6,563 (-15.5%) Shares 30,286 (-47.9%) Est. Cost $148.95 Unrealized +18.5%

PCOR Procore Technologies Inc 0.7%

Value ($000) $3,971 (-23.1%) Shares 69,671 (-1.8%) Est. Cost $66.85 Unrealized -9.8%

ONTO Onto Innovation Inc 1.3%

Value ($000) $8,010 (-12.8%) Shares 39,059 (-32.9%) Est. Cost $160.49 Unrealized +28.9%

OLLI Ollies Bargain Outlet Holdings Inc 0.9%

Value ($000) $5,510 (-17.5%) Shares 59,860 (-1.8%) Est. Cost $61.86 Unrealized +81.5%

STRL Sterling Infrastructure Inc 0.8%

Value ($000) $4,869 (+30.7%) Shares 11,954 (-1.7%) Est. Cost $153.22 Unrealized +145.7%

AZZ AZZ Inc 1.4%

Value ($000) $8,724 (+14.7%) Shares 69,716 (-1.8%) Est. Cost $103.44 Unrealized +22.1%

GPCR Structure Therapeutics Inc 0.4%

Value ($000) $2,292 (-32.4%) Shares 47,551 (-2.5%) Est. Cost $33.00 Unrealized —

ALGM Allegro Microsystems Inc 1.2%

Value ($000) $7,144 (+17.1%) Shares 226,566 (-2.0%) Est. Cost $24.09 Unrealized +48.5%

HXL Hexcel Corp 2.1%

Value ($000) $12,898 (+7.6%) Shares 159,377 (-1.8%) Est. Cost $55.43 Unrealized +52.3%

ADUS Addus HomeCare Corp 0.9%

Value ($000) $5,316 (-14.6%) Shares 56,764 (-2.1%) Est. Cost $126.40 Unrealized -13.5%

BWXT BWX Technologies Inc 1.0%

Value ($000) $6,068 (+16.8%) Shares 29,676 (-1.3%) Est. Cost $55.35 Unrealized +266.8%

ATI ATI Inc 0.7%

Value ($000) $4,178 (+25.3%) Shares 28,721 (-1.1%) Est. Cost $97.45 Unrealized +35.1%

COCO The Vita Coco Company Inc 1.1%

Value ($000) $6,499 (-11.2%) Shares 135,641 (-1.7%) Est. Cost $46.90 Unrealized +16.7%

OSW OneSpaWorld Holdings Ltd 1.5%

Value ($000) $9,297 (+8.5%) Shares 405,098 (-2.0%) Est. Cost $9.86 Unrealized +114.3%

GOOS Canada Goose Holdings Inc 0.5%

Value ($000) $3,193 (-17.4%) Shares 291,074 (-2.5%) Est. Cost $10.25 Unrealized +22.8%

FLS Flowserve Corp 1.5%

Value ($000) $9,059 (-5.7%) Shares 123,232 (-11.0%) Est. Cost $34.75 Unrealized +132.2%

SBCF Seacoast Banking Corp of Florida 1.3%

Value ($000) $7,660 (-5.4%) Shares 252,880 (-1.9%) Est. Cost $24.84 Unrealized +34.7%

AEHR Aehr Test Systems 0.8%

Value ($000) $4,709 (+10.2%) Shares 126,991 (-40.0%) Est. Cost $13.13 Unrealized +113.7%

GH Guardant Health Inc 0.5%

Value ($000) $3,079 (-11.1%) Shares 33,330 (-1.7%) Est. Cost $34.85 Unrealized +208.3%

FULT Fulton Financial Corp 1.8%

Value ($000) $10,854 (+3.3%) Shares 533,644 (-1.8%) Est. Cost $18.52 Unrealized +13.1%

FIX Comfort Systems USA Inc 0.2%

Value ($000) $1,293 (-19.9%) Shares 938 (-45.8%) Est. Cost $402.00 Unrealized +197.5%

TXRH Texas Roadhouse Inc 0.0%

Value ($000) $4 (-98.8%) Shares 23 (-98.8%) Est. Cost $91.56 Unrealized +101.6%

BDC Belden Inc 1.2%

Value ($000) $7,224 (-3.3%) Shares 62,914 (-1.9%) Est. Cost $116.62 Unrealized +10.3%

MP MP Materials Corp 0.6%

Value ($000) $3,640 (-6.2%) Shares 75,431 (-1.8%) Est. Cost $63.41 Unrealized -2.6%

SHAK Shake Shack Inc 0.5%

Value ($000) $3,147 (+7.1%) Shares 35,573 (-1.7%) Est. Cost $88.17 Unrealized +5.4%

VMI Valmont Industries Inc 1.2%

Value ($000) $7,470 (-2.4%) Shares 18,695 (-1.7%) Est. Cost $385.46 Unrealized +16.4%

PWP Perella Weinberg Partners 0.8%

Value ($000) $4,725 (+3.1%) Shares 260,184 (-1.8%) Est. Cost $18.09 Unrealized +15.9%

FORM FormFactor Inc 0.8%

Value ($000) $4,952 (+2.9%) Shares 51,061 (-40.8%) Est. Cost $50.39 Unrealized +61.1%

EVR Evercore Inc 0.1%

Value ($000) $744 (-15.7%) Shares 2,493 (-3.9%) Est. Cost $212.45 Unrealized +65.6%

EYE National Vision Holdings Inc 1.3%

Value ($000) $7,968 (-1.6%) Shares 307,642 (-1.9%) Est. Cost $25.79 Unrealized +5.3%

LNG Cheniere Energy Inc 0.1%

Value ($000) $403 (+40.1%) Shares 1,421 (-4.1%) Est. Cost $176.91 Unrealized +18.6%

TDY Teledyne Technologies Inc 0.1%

Value ($000) $900 (+14.3%) Shares 1,488 (-3.5%) Est. Cost $547.47 Unrealized +12.1%

IMAX IMAX Corp 1.5%

Value ($000) $9,119 (+0.9%) Shares 239,898 (-1.9%) Est. Cost $27.84 Unrealized +29.0%

MPWR Monolithic Power Systems Inc 0.1%

Value ($000) $492 (+16.5%) Shares 450 (-3.4%) Est. Cost $514.30 Unrealized +114.8%

MRCY Mercury Systems Inc 0.7%

Value ($000) $4,083 (-1.4%) Shares 56,006 (-1.3%) Est. Cost $62.18 Unrealized +45.7%

TW Tradeweb Markets Inc 0.2%

Value ($000) $960 (+5.6%) Shares 8,156 (-3.5%) Est. Cost $78.23 Unrealized +39.7%

MSA MSA Safety Inc 1.1%

Value ($000) $6,897 (+0.6%) Shares 42,070 (-1.8%) Est. Cost $135.58 Unrealized +36.7%

GBCI Glacier Bancorp Inc 1.4%

Value ($000) $8,606 (-0.4%) Shares 192,666 (-1.8%) Est. Cost $42.91 Unrealized +14.7%

ULTA Ulta Beauty Inc 0.0%

Value ($000) $3 (-46.0%) Shares 5 (-37.5%) Est. Cost $408.92 Unrealized +63.8%

VIK Viking Holdings Ltd 0.0%

Value ($000) $3 (-31.4%) Shares 40 (-33.3%) Est. Cost $46.11 Unrealized +60.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PRVA	Privia Health Group Inc	158,641 (-55.3%)	$3,263 (-61.3%)	0.5%	$24.66	-7.5%	COM	74276R102
LIND	Lindblad Expeditions Holdings Inc	192,010 (-66.8%)	$3,322 (-60.1%)	0.5%	$13.06	+35.8%	COM	535219109
DOCN	DigitalOcean Holdings Inc	122,466 (-10.5%)	$10,505 (+59.5%)	1.7%	$44.03	+31.9%	COM	25402D102
SKY	Champion Homes Inc	86,298 (-29.2%)	$6,418 (-37.7%)	1.1%	$76.64	+17.8%	COM	830830105
CCS	Century Communities Inc	89,567 (-40.8%)	$5,139 (-42.8%)	0.8%	$57.98	+16.2%	COM	156504300
MIR	Mirion Technologies Inc	703,811 (-1.9%)	$13,084 (-22.1%)	2.2%	$15.57	+55.2%	COM	60471A101
IBP	Installed Building Products Inc	12,269 (-53.6%)	$3,253 (-52.5%)	0.5%	$145.18	+111.5%	COM	45780R101
SIBN	SI-BONE Inc	476,805 (-1.7%)	$6,022 (-37.1%)	1.0%	$15.18	+11.5%	COM	825704109
HRI	Herc Holdings Inc	67,893 (-1.9%)	$6,759 (-34.2%)	1.1%	$119.71	+33.0%	COM	42704L104
ESTA	Establishment Labs Holdings Inc	133,567 (-7.1%)	$7,584 (-27.7%)	1.3%	$34.87	+101.7%	COM	G31249108
TSEM	Tower Semiconductor Ltd	29,096 (-56.9%)	$5,106 (-35.6%)	0.8%	$64.56	+99.6%	COM	M87915274
KGS	Kodiak Gas Services Inc	128,194 (-1.1%)	$7,476 (+54.2%)	1.2%	$30.93	+40.7%	COM	50012A108
POWL	Powell Industries Inc	13,358 (-7.5%)	$7,228 (+57.1%)	1.2%	$206.07	+128.6%	COM	739128106
RGEN	Repligen Corp	53,119 (-1.9%)	$6,258 (-29.5%)	1.0%	$140.87	+8.2%	COM	759916109
LASR	nLight Inc	129,178 (-1.9%)	$7,366 (+49.0%)	1.2%	$24.80	+92.4%	COM	65487K100
ATEC	Alphatec Holdings Inc	223,159 (-2.9%)	$2,428 (-49.8%)	0.4%	$18.51	-13.8%	COM	02081G201
ROIV	Roivant Sciences Ltd	227,093 (-41.9%)	$6,290 (-25.9%)	1.0%	$8.91	+171.3%	COM	G76279101
RDNT	RadNet Inc	118,889 (-1.7%)	$6,645 (-23.0%)	1.1%	$35.29	+102.7%	COM	750491102
OMCL	Omnicell Inc	143,086 (-1.9%)	$4,776 (-27.7%)	0.8%	$34.69	+29.9%	COM	68213N109
MC	Moelis & Co	138,822 (-1.8%)	$7,913 (-18.6%)	1.3%	$62.75	+12.1%	COM	60786M105
AEIS	Advanced Energy Industries Inc	18,559 (-49.9%)	$5,989 (-22.9%)	1.0%	$161.01	+68.0%	COM	007973100
LSCC	Lattice Semiconductor Corp	89,683 (-1.9%)	$8,319 (+23.6%)	1.4%	$49.23	—	COM	518415104
FN	Fabrinet	13,425 (-28.1%)	$7,001 (-17.6%)	1.2%	$114.89	+328.8%	COM	G3323L100
OLMA	Olema Pharmaceuticals Inc	136,108 (-2.9%)	$2,029 (-42.1%)	0.3%	$6.68	+281.0%	COM	68062P106
UTI	Universal Technical Institute Inc	210,443 (-11.3%)	$7,597 (+22.5%)	1.3%	$15.64	+82.9%	COM	913915104
ALHC	Alignment Healthcare Inc	537,050 (-1.8%)	$9,463 (-12.4%)	1.6%	$16.66	+28.7%	COM	01625V104
BOOT	Boot Barn Holdings Inc	36,218 (-1.9%)	$5,301 (-18.6%)	0.9%	$78.76	+142.1%	COM	099406100
MOD	Modine Manufacturing Co	30,286 (-47.9%)	$6,563 (-15.5%)	1.1%	$148.95	+18.5%	COM	607828100
PCOR	Procore Technologies Inc	69,671 (-1.8%)	$3,971 (-23.1%)	0.7%	$66.85	-9.8%	COM	74275K108
ONTO	Onto Innovation Inc	39,059 (-32.9%)	$8,010 (-12.8%)	1.3%	$160.49	+28.9%	COM	683344105
OLLI	Ollies Bargain Outlet Holdings Inc	59,860 (-1.8%)	$5,510 (-17.5%)	0.9%	$61.86	+81.5%	COM	681116109
STRL	Sterling Infrastructure Inc	11,954 (-1.7%)	$4,869 (+30.7%)	0.8%	$153.22	+145.7%	COM	859241101
AZZ	AZZ Inc	69,716 (-1.8%)	$8,724 (+14.7%)	1.4%	$103.44	+22.1%	COM	002474104
GPCR	Structure Therapeutics Inc	47,551 (-2.5%)	$2,292 (-32.4%)	0.4%	$33.00	—	COM	86366E106
ALGM	Allegro Microsystems Inc	226,566 (-2.0%)	$7,144 (+17.1%)	1.2%	$24.09	+48.5%	COM	01749D105
HXL	Hexcel Corp	159,377 (-1.8%)	$12,898 (+7.6%)	2.1%	$55.43	+52.3%	COM	428291108
ADUS	Addus HomeCare Corp	56,764 (-2.1%)	$5,316 (-14.6%)	0.9%	$126.40	-13.5%	COM	006739106
BWXT	BWX Technologies Inc	29,676 (-1.3%)	$6,068 (+16.8%)	1.0%	$55.35	+266.8%	COM	05605H100
ATI	ATI Inc	28,721 (-1.1%)	$4,178 (+25.3%)	0.7%	$97.45	+35.1%	COM	01741R102
COCO	The Vita Coco Company Inc	135,641 (-1.7%)	$6,499 (-11.2%)	1.1%	$46.90	+16.7%	COM	92846Q107
OSW	OneSpaWorld Holdings Ltd	405,098 (-2.0%)	$9,297 (+8.5%)	1.5%	$9.86	+114.3%	COM	P73684113
GOOS	Canada Goose Holdings Inc	291,074 (-2.5%)	$3,193 (-17.4%)	0.5%	$10.25	+22.8%	COM	135086106
FLS	Flowserve Corp	123,232 (-11.0%)	$9,059 (-5.7%)	1.5%	$34.75	+132.2%	COM	34354P105
SBCF	Seacoast Banking Corp of Florida	252,880 (-1.9%)	$7,660 (-5.4%)	1.3%	$24.84	+34.7%	COM	811707801
AEHR	Aehr Test Systems	126,991 (-40.0%)	$4,709 (+10.2%)	0.8%	$13.13	+113.7%	COM	00760J108
GH	Guardant Health Inc	33,330 (-1.7%)	$3,079 (-11.1%)	0.5%	$34.85	+208.3%	COM	40131M109
FULT	Fulton Financial Corp	533,644 (-1.8%)	$10,854 (+3.3%)	1.8%	$18.52	+13.1%	COM	360271100
FIX	Comfort Systems USA Inc	938 (-45.8%)	$1,293 (-19.9%)	0.2%	$402.00	+197.5%	COM	199908104
TXRH	Texas Roadhouse Inc	23 (-98.8%)	$4 (-98.8%)	0.0%	$91.56	+101.6%	COM	882681109
BDC	Belden Inc	62,914 (-1.9%)	$7,224 (-3.3%)	1.2%	$116.62	+10.3%	COM	077454106
MP	MP Materials Corp	75,431 (-1.8%)	$3,640 (-6.2%)	0.6%	$63.41	-2.6%	COM	553368101
SHAK	Shake Shack Inc	35,573 (-1.7%)	$3,147 (+7.1%)	0.5%	$88.17	+5.4%	COM	819047101
VMI	Valmont Industries Inc	18,695 (-1.7%)	$7,470 (-2.4%)	1.2%	$385.46	+16.4%	COM	920253101
PWP	Perella Weinberg Partners	260,184 (-1.8%)	$4,725 (+3.1%)	0.8%	$18.09	+15.9%	COM	71367G102
FORM	FormFactor Inc	51,061 (-40.8%)	$4,952 (+2.9%)	0.8%	$50.39	+61.1%	COM	346375108
EVR	Evercore Inc	2,493 (-3.9%)	$744 (-15.7%)	0.1%	$212.45	+65.6%	COM	29977A105
EYE	National Vision Holdings Inc	307,642 (-1.9%)	$7,968 (-1.6%)	1.3%	$25.79	+5.3%	COM	63845R107
LNG	Cheniere Energy Inc	1,421 (-4.1%)	$403 (+40.1%)	0.1%	$176.91	+18.6%	COM	16411R208
TDY	Teledyne Technologies Inc	1,488 (-3.5%)	$900 (+14.3%)	0.1%	$547.47	+12.1%	COM	879360105
IMAX	IMAX Corp	239,898 (-1.9%)	$9,119 (+0.9%)	1.5%	$27.84	+29.0%	COM	45245E109
MPWR	Monolithic Power Systems Inc	450 (-3.4%)	$492 (+16.5%)	0.1%	$514.30	+114.8%	COM	609839105
MRCY	Mercury Systems Inc	56,006 (-1.3%)	$4,083 (-1.4%)	0.7%	$62.18	+45.7%	COM	589378108
TW	Tradeweb Markets Inc	8,156 (-3.5%)	$960 (+5.6%)	0.2%	$78.23	+39.7%	COM	892672106
MSA	MSA Safety Inc	42,070 (-1.8%)	$6,897 (+0.6%)	1.1%	$135.58	+36.7%	COM	553498106
GBCI	Glacier Bancorp Inc	192,666 (-1.8%)	$8,606 (-0.4%)	1.4%	$42.91	+14.7%	COM	37637Q105
ULTA	Ulta Beauty Inc	5 (-37.5%)	$3 (-46.0%)	0.0%	$408.92	+63.8%	COM	90384S303
VIK	Viking Holdings Ltd	40 (-33.3%)	$3 (-31.4%)	0.0%	$46.11	+60.0%	COM	G93A5A101

Unchanged Positions (10)

SGRY Surgery Partners Inc 0.6%

Value ($000) $3,841 Shares 322,246 Est. Cost $22.30 Unrealized -31.6%

FTI TechnipFMC plc 0.0%

Value ($000) $7 Shares 108 Est. Cost $11.15 Unrealized +405.2%

FOUR Shift4 Payments Inc 0.0%

Value ($000) $6 Shares 131 Est. Cost $59.76 Unrealized +1.8%

ENTG Entegris Inc 0.0%

Value ($000) $3 Shares 28 Est. Cost $96.03 Unrealized +23.2%

AXON Axon Enterprise Inc 0.0%

Value ($000) $2 Shares 5 Est. Cost $405.07 Unrealized +30.1%

BLD TopBuild Corp 0.0%

Value ($000) $3 Shares 8 Est. Cost $286.36 Unrealized +71.8%

IDXX IDEXX Laboratories Inc 0.0%

Value ($000) $2 Shares 4 Est. Cost $476.77 Unrealized +40.6%

WST West Pharmaceutical Services Inc 0.0%

Value ($000) $5 Shares 18 Est. Cost $329.02 Unrealized -23.4%

MSCI MSCI Inc 0.0%

Value ($000) $5 Shares 9 Est. Cost $476.22 Unrealized +19.5%

IEX IDEX Corp 0.0%

Value ($000) $3 Shares 15 Est. Cost $196.08 Unrealized +1.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SGRY	Surgery Partners Inc	322,246	$3,841	0.6%	$22.30	-31.6%	COM	86881A100
FTI	TechnipFMC plc	108	$7	0.0%	$11.15	+405.2%	COM	G87110105
FOUR	Shift4 Payments Inc	131	$6	0.0%	$59.76	+1.8%	COM	82452J109
ENTG	Entegris Inc	28	$3	0.0%	$96.03	+23.2%	COM	29362U104
AXON	Axon Enterprise Inc	5	$2	0.0%	$405.07	+30.1%	COM	05464C101
BLD	TopBuild Corp	8	$3	0.0%	$286.36	+71.8%	COM	89055F103
IDXX	IDEXX Laboratories Inc	4	$2	0.0%	$476.77	+40.6%	COM	45168D104
WST	West Pharmaceutical Services Inc	18	$5	0.0%	$329.02	-23.4%	COM	955306105
MSCI	MSCI Inc	9	$5	0.0%	$476.22	+19.5%	COM	55354G100
IEX	IDEX Corp	15	$3	0.0%	$196.08	+1.5%	COM	45167R104