Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SMWB	SIMILARWEB LTD	1,690,000 (+5.6%)	$10.36M (+148.1%)	3.2%	—	—	SHS	M84137104
MGNI	MAGNITE INC	567,862 (+41.0%)	$10.78M (+125.2%)	3.3%	—	—	COM	55955D100
PUBM	PUBMATIC INC-CLASS A	748,099 (+10.6%)	$9.815M (+77.4%)	3.0%	—	—	COM CL A	74467Q103
SYM	SYMBOTIC INC	487,126 (+32.0%)	$21.9M (+11.5%)	6.8%	—	—	CLASS A COM	87151X101
IPGP	IPG PHOTONICS CORP	168,916 (+9.7%)	$19.82M (+12.4%)	6.1%	—	—	COM	44980X109
ARLO	ARLO TECHNOLOGIES INC	644,767 (+40.2%)	$8.691M (+32.8%)	2.7%	—	—	COM	04206A101
FTK	FLOTEK INDUSTRIES INC	309,807 (+2.0%)	$7.287M (+41.4%)	2.3%	—	—	COM NEW	343389409
AMPL	AMPLITUDE INC	315,402 (+109.7%)	$2.413M (+135.2%)	0.7%	—	—	COM CL A	03213A104
TREE	LENDINGTREE INC	108,268 (+19.3%)	$4.795M (+23.2%)	1.5%	—	—	COM	52603B107
KLTR	KALTURA INC	1,942,804 (+28.6%)	$2.526M (+37.0%)	0.8%	—	—	COM	483467106
OLED	UNIVERSAL DISPLAY CORP	136,000 (+7.9%)	$11.78M (+2.0%)	3.7%	—	—	COM	91347P105
KTOS	KRATOS DEFENSE & SECURITY	249,475 (+43.0%)	$12.44M (+1.1%)	3.9%	—	—	COM NEW	50077B207

Exited Positions (4)

POWI POWER INTEGRATIONS INC 2.2%

Value $7.009M Shares 136,900 Est. Cost — Unrealized —

SEMR SEMRUSH HOLDINGS INC-A 2.0%

Value $6.568M Shares 550,079 Est. Cost — Unrealized —

CXM SPRINKLR INC 0.8%

Value $2.71M Shares 451,661 Est. Cost — Unrealized —

CTLP CANTALOUPE INC 0.7%

Value $2.138M Shares 197,822 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
POWI	POWER INTEGRATIONS INC	136,900	$7.009M	2.2%	—	—	—	739276103
SEMR	SEMRUSH HOLDINGS INC-A	550,079	$6.568M	2.0%	—	—	—	81686C104
CXM	SPRINKLR INC	451,661	$2.71M	0.8%	—	—	—	85208T107
CTLP	CANTALOUPE INC	197,822	$2.138M	0.7%	—	—	—	138103106

Decreased Positions (11)

ALGM ALLEGRO MICROSYSTEMS INC 7.2%

Value $23.15M (+60.5%) Shares 332,451 (-27.3%) Est. Cost — Unrealized —

LSCC LATTICE SEMICONDUCTOR CORP 12.1%

Value $39M (+22.9%) Shares 254,979 (-25.4%) Est. Cost — Unrealized —

PRLB PROTO LABS INC 7.3%

Value $23.48M (+39.1%) Shares 288,120 (-2.7%) Est. Cost — Unrealized —

KRYS KRYSTAL BIOTECH INC 8.9%

Value $28.82M (+29.4%) Shares 77,545 (-10.1%) Est. Cost — Unrealized —

AMBQ AMBIQ MICRO INC 3.3%

Value $10.66M (+117.7%) Shares 120,773 (-37.3%) Est. Cost — Unrealized —

APPS DIGITAL TURBINE INC 1.8%

Value $5.861M (+166.8%) Shares 454,333 (-40.4%) Est. Cost — Unrealized —

SLAB SILICON LABORATORIES INC 0.7%

Value $2.345M (-59.8%) Shares 10,730 (-61.7%) Est. Cost — Unrealized —

GTX GARRETT MOTION INC 2.4%

Value $7.789M (+75.0%) Shares 215,000 (-12.2%) Est. Cost — Unrealized —

FIVN FIVE9 INC 3.4%

Value $10.98M (+35.3%) Shares 515,195 (-3.7%) Est. Cost — Unrealized —

DAVE DAVE INC 4.4%

Value $14.17M (+8.5%) Shares 38,040 (-49.3%) Est. Cost — Unrealized —

ATI ATI INC 2.4%

Value $7.884M (-1.5%) Shares 40,000 (-27.3%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ALGM	ALLEGRO MICROSYSTEMS INC	332,451 (-27.3%)	$23.15M (+60.5%)	7.2%	—	—	COM	01749D105
LSCC	LATTICE SEMICONDUCTOR CORP	254,979 (-25.4%)	$39M (+22.9%)	12.1%	—	—	COM	518415104
PRLB	PROTO LABS INC	288,120 (-2.7%)	$23.48M (+39.1%)	7.3%	—	—	COM	743713109
KRYS	KRYSTAL BIOTECH INC	77,545 (-10.1%)	$28.82M (+29.4%)	8.9%	—	—	COM	501147102
AMBQ	AMBIQ MICRO INC	120,773 (-37.3%)	$10.66M (+117.7%)	3.3%	—	—	COMMON STOCK	023193105
APPS	DIGITAL TURBINE INC	454,333 (-40.4%)	$5.861M (+166.8%)	1.8%	—	—	COM NEW	25400W102
SLAB	SILICON LABORATORIES INC	10,730 (-61.7%)	$2.345M (-59.8%)	0.7%	—	—	COM	826919102
GTX	GARRETT MOTION INC	215,000 (-12.2%)	$7.789M (+75.0%)	2.4%	—	—	COM	366505105
FIVN	FIVE9 INC	515,195 (-3.7%)	$10.98M (+35.3%)	3.4%	—	—	COM	338307101
DAVE	DAVE INC	38,040 (-49.3%)	$14.17M (+8.5%)	4.4%	—	—	CLASS A COM NEW	23834J201
ATI	ATI INC	40,000 (-27.3%)	$7.884M (-1.5%)	2.4%	—	—	COM	01741R102

Unchanged Positions (8)

EVER EVERQUOTE INC 1.6%

Value $5.309M Shares 223,148 Est. Cost — Unrealized —

GAIA GAIA INC-CLASS A 0.5%

Value $1.519M Shares 723,305 Est. Cost — Unrealized —

CMRC COMMERCE.COM-SER 1 1.5%

Value $4.733M Shares 1,599,142 Est. Cost — Unrealized —

ASUR ASURE SOFTWARE INC 1.0%

Value $3.171M Shares 399,360 Est. Cost — Unrealized —

DCGO DOCGO INC 0.3%

Value $1.061M Shares 2,055,271 Est. Cost — Unrealized —

MTSI MACOM TECHNOLOGY SOLUTIONS 0.1%

Value $380K Shares 1,000 Est. Cost — Unrealized —

EGHT 8X8 INC 0.5%

Value $1.598M Shares 934,236 Est. Cost — Unrealized —

GDYN GRID DYNAMICS HOLDINGS INC 1.1%

Value $3.617M Shares 636,737 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EVER	EVERQUOTE INC	223,148	$5.309M	1.6%	—	—	COM CL A	30041R108
GAIA	GAIA INC-CLASS A	723,305	$1.519M	0.5%	—	—	CL A	36269P104
CMRC	COMMERCE.COM-SER 1	1,599,142	$4.733M	1.5%	—	—	COM SER 1	08975P108
ASUR	ASURE SOFTWARE INC	399,360	$3.171M	1.0%	—	—	COM	04649U102
DCGO	DOCGO INC	2,055,271	$1.061M	0.3%	—	—	COM	256086109
MTSI	MACOM TECHNOLOGY SOLUTIONS	1,000	$380K	0.1%	—	—	COM	55405Y100
EGHT	8X8 INC	934,236	$1.598M	0.5%	—	—	COM	282914100
GDYN	GRID DYNAMICS HOLDINGS INC	636,737	$3.617M	1.1%	—	—	CL A	39813G109