Ground Swell Capital, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	50,000	$30,716	63.2%	$614.31	—	UNIT SER 1	46090E103
—	PINNACLE FINL PARTNERS INC	14,042	$1,340	2.8%	$95.41	—	COM	72346Q104
NXPI	NXP SEMICONDUCTORS N V	4,944	$1,073	2.2%	$213.68	0.0%	COM	N6596X109
TLT	ISHARES TR	12,175	$1,061	2.2%	$87.16	—	20 YR TR BD ETF	464287432
TSLA	TESLA INC	1,484	$667	1.4%	$443.29	0.0%	COM	88160R101
ROKU	ROKU INC	5,038	$547	1.1%	$101.49	0.0%	COM CL A	77543R102
GOOG	ALPHABET INC	1,727	$542	1.1%	$286.33	0.0%	CAP STK CL C	02079K107
PEP	PEPSICO INC	3,424	$491	1.0%	$145.91	0.0%	COM	713448108
AMZN	AMAZON COM INC	2,065	$477	1.0%	$228.79	0.0%	COM	023135106
SOXL	DIREXION SHS ETF TR	11,236	$472	1.0%	$42.03	—	DLY SCOND 3XBU	25459W458
—	SYNOVUS FINL CORP	8,623	$432	0.9%	$50.05	—	COM NEW	87161C501
AMD	ADVANCED MICRO DEVICES INC	1,999	$428	0.9%	$224.60	0.0%	COM	007903107
DOCU	DOCUSIGN INC	5,875	$402	0.8%	$69.15	0.0%	COM	256163106
ONDS	ONDAS HLDGS INC	40,623	$396	0.8%	$8.03	0.0%	COM NEW	68236H204
ISRG	INTUITIVE SURGICAL INC	686	$389	0.8%	$532.37	0.0%	COM NEW	46120E602
VB	VANGUARD INDEX FDS	1,339	$345	0.7%	$257.95	—	SMALL CP ETF	922908751
HON	HONEYWELL INTL INC	1,654	$323	0.7%	$195.03	0.0%	COM	438516106
TER	TERADYNE INC	1,632	$316	0.7%	$171.50	0.0%	COM	880770102
TXN	TEXAS INSTRS INC	1,791	$311	0.6%	$170.73	0.0%	COM	882508104
AMGN	AMGEN INC	931	$305	0.6%	$315.95	0.0%	COM	031162100
AAPL	APPLE INC	1,107	$301	0.6%	$268.34	0.0%	COM	037833100
AEM	AGNICO EAGLE MINES LTD	1,714	$291	0.6%	$167.85	0.0%	COM	008474108
ORCL	ORACLE CORP	1,411	$275	0.6%	$238.05	0.0%	COM	68389X105
FROG	JFROG LTD	4,277	$267	0.5%	$56.87	0.0%	ORD SHS	M6191J100
MRK	MERCK & CO INC	2,492	$262	0.5%	$93.24	0.0%	COM	58933Y105
MMM	3M CO	1,589	$254	0.5%	$163.18	0.0%	COM	88579Y101
NTAP	NETAPP INC	2,267	$243	0.5%	$113.62	0.0%	COM	64110D104
CORT	CORCEPT THERAPEUTICS INC	6,885	$240	0.5%	$78.55	0.0%	COM	218352102
AGYS	AGILYSYS INC	1,963	$233	0.5%	$120.36	0.0%	COM	00847J105
TSEM	TOWER SEMICONDUCTOR LTD	1,980	$232	0.5%	$96.32	0.0%	SHS NEW	M87915274
ROST	ROSS STORES INC	1,235	$222	0.5%	$166.60	0.0%	COM	778296103
IGOV	ISHARES TR	5,334	$222	0.5%	$41.66	—	INTL TREA BD ETF	464288117
XME	SPDR SERIES TRUST	2,134	$221	0.5%	$103.61	—	STATE STREET SPD	78464A755
FCNCA	FIRST CTZNS BANCSHARES INC D	103	$221	0.5%	$1883.58	0.0%	CL A	31946M103
CRWD	CROWDSTRIKE HLDGS INC	453	$212	0.4%	$509.22	0.0%	CL A	22788C105
TECL	DIREXION SHS ETF TR	1,803	$212	0.4%	$117.49	—	DLY TECH BULL 3X	25459W102
XBI	SPDR SERIES TRUST	1,721	$210	0.4%	$121.93	—	STATE STREET SPD	78464A870
IBIT	ISHARES BITCOIN TRUST ETF	4,157	$206	0.4%	$49.65	—	SHS BEN INT	46438F101
LDOS	LEIDOS HOLDINGS INC	1,123	$203	0.4%	$189.10	0.0%	COM	525327102
SCVL	SHOE CARNIVAL INC	10,964	$185	0.4%	$18.36	0.0%	COM	824889109
QYLD	GLOBAL X FDS	10,264	$181	0.4%	$17.67	—	NASDAQ 100 COVER	37954Y483
VZLA	VIZSLA SILVER CORP	15,540	$85	0.2%	$4.70	0.0%	COM NEW	92859G608
DNUT	KRISPY KREME INC	16,583	$67	0.1%	$3.96	0.0%	COM	50101L106
UFG	UNI-FUELS HLDGS LTD	89,803	$61	0.1%	$1.05	0.0%	SHS CL A	G92Y4F100
RR	RICHTECH ROBOTICS INC	16,325	$53	0.1%	$4.42	0.0%	CL B	765504105
SIDU	SIDUS SPACE INC	10,489	$33	0.1%	$1.15	0.0%	CL A COM NEW	826165201
ONCY	ONCOLYTICS BIOTECH INC	34,398	$30	0.1%	$1.08	0.0%	COM NEW	682310875
FUBO	FUBOTV INC	11,760	$30	0.1%	$3.33	0.0%	CLASS A COM SHS	35953D104
PSEC	PROSPECT CAP CORP	10,763	$28	0.1%	$2.54	0.0%	COM	74348T102
HIVE	HIVE DIGITAL TECHNOLOGIES LT	10,504	$27	0.1%	$4.23	0.0%	COM NEW	433921103
OPAD	OFFERPAD SOLUTIONS INC	16,130	$20	0.0%	$2.21	0.0%	COM CL A	67623L307
SABR	SABRE CORP	12,652	$17	0.0%	$1.72	0.0%	COM	78573M104
HYAC/WS	HAYMAKER ACQUISITION CORP IV	11,020	$17	0.0%	$1.55	—	*W EXP 05/31/202	G4375F116
ETHMW	DYNAMIX CORP	10,472	$17	0.0%	$1.60	—	*W EXP 10/25/202	G2949D112
BMGL	BASEL MED GROUP LTD	33,705	$17	0.0%	$1.23	0.0%	ORD SHS	G0864B103
CBAT	CBAK ENERGY TECHNOLOGY INC	16,332	$14	0.0%	$0.92	0.0%	COM	14986C102
LMFA	LM FDG AMER INC	29,585	$13	0.0%	$0.96	0.0%	COM NEW	502074503
RVMDW	REVOLUTION MEDICINES INC	13,613	$13	0.0%	$0.94	—	*W EXP 12/17/202	76155X118
XPL	SOLITARIO RESOURCES CORP	17,222	$12	0.0%	$0.66	0.0%	COM	8342EP107
ATER	ATERIAN INC	17,065	$12	0.0%	$0.87	0.0%	COM NEW	02156U200
ENGS	ENERGYS GROUP LTD	13,820	$12	0.0%	$4.04	0.0%	SHS	G3040B104
RNXT	RENOVORX INC	13,611	$11	0.0%	$1.00	0.0%	COM NEW	75989R107
PDSB	PDS BIOTECHNOLOGY CORP	14,703	$11	0.0%	$0.90	0.0%	COM	70465T107
—	RALLYBIO CORP	15,399	$11	0.0%	$0.69	—	COM	75120L100
HCMAW	HCM III ACQUISITION CORP	18,175	$9	0.0%	$0.48	—	*W EXP 07/23/203	G4365E111
—	RAIL VISION LTD	24,570	$8	0.0%	$0.32	—	SHS NEW	M8186D122
—	STRIVE INC	10,624	$8	0.0%	$0.74	—	CL A COM	862945102
TBH	BRAG HSE HLDGS INC	18,049	$7	0.0%	$1.04	0.0%	COM	104813209
ITRM	ITERUM THERAPEUTICS PLC	20,477	$7	0.0%	$0.54	0.0%	SHS NEW	G6333L200
ZOOZ	ZOOZ STRATEGY LTD	14,749	$6	0.0%	$1.01	0.0%	SHARE	M2573A106
TSE	TRINSEO PLC	11,765	$6	0.0%	$1.19	0.0%	SHS	G9059U107
HTCR	HEARTCORE ENTERPRISES INC	15,575	$5	0.0%	$0.61	0.0%	COM	42240Q104
XWEL	XWELL INC	10,206	$5	0.0%	$0.84	0.0%	COM NEW	98420U802
LNKS	LINKERS INDS LTD	13,947	$4	0.0%	$0.41	0.0%	SHS CL A	G5496W102
MIMI	MINT INCORPORATION LTD	10,013	$3	0.0%	$2.90	0.0%	SHS CL A	G6146G109

Increased Positions (3)

TLNCU TALON CAP CORP 0.3%

Value ($000) $149 (+10.9%) Shares 14,480 (+8.4%) Est. Cost $10.05 Unrealized —

LSTA LISATA THERAPEUTICS INC 0.1%

Value ($000) $73 (+16.4%) Shares 38,987 (+64.0%) Est. Cost $2.32 Unrealized —

NAKA KINDLY MD INC 0.0%

Value ($000) $4 (-60.6%) Shares 12,000 (+20.0%) Est. Cost $6.71 Unrealized -90.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TLNCU	TALON CAP CORP	14,480 (+8.4%)	$149 (+10.9%)	0.3%	$10.05	—	UNIT 08/27/2030	G86652115
LSTA	LISATA THERAPEUTICS INC	38,987 (+64.0%)	$73 (+16.4%)	0.1%	$2.32	—	COM	128058302
NAKA	KINDLY MD INC	12,000 (+20.0%)	$4 (-60.6%)	0.0%	$6.71	-90.3%	COM	49457M106

Exited Positions (119)

RSP INVESCO EXCHANGE TRADED FD T 3.7%

Value ($000) $1,817 Shares 9,577 Est. Cost $189.70 Unrealized —

IWB ISHARES TR 3.6%

Value ($000) $1,769 Shares 4,840 Est. Cost $350.27 Unrealized —

EFA ISHARES TR 3.5%

Value ($000) $1,710 Shares 18,318 Est. Cost $93.37 Unrealized —

STIP ISHARES TR 3.5%

Value ($000) $1,693 Shares 16,378 Est. Cost $103.36 Unrealized —

MSFT MICROSOFT CORP 3.3%

Value ($000) $1,580 Shares 3,051 Est. Cost $508.71 Unrealized -1.6%

ITOT ISHARES TR 2.4%

Value ($000) $1,166 Shares 8,004 Est. Cost $145.65 Unrealized —

VSS VANGUARD INTL EQUITY INDEX F 2.4%

Value ($000) $1,142 Shares 8,013 Est. Cost $142.55 Unrealized —

ALAB ASTERA LABS INC 2.0%

Value ($000) $979 Shares 5,000 Est. Cost $164.44 Unrealized +1.7%

VXF VANGUARD INDEX FDS 2.0%

Value ($000) $961 Shares 4,593 Est. Cost $209.34 Unrealized —

LQD ISHARES TR 1.8%

Value ($000) $872 Shares 7,827 Est. Cost $111.47 Unrealized —

MDB MONGODB INC 1.4%

Value ($000) $685 Shares 2,208 Est. Cost $257.06 Unrealized +41.5%

NVR NVR INC 1.4%

Value ($000) $675 Shares 84 Est. Cost $7577.20 Unrealized -1.3%

VPL VANGUARD INTL EQUITY INDEX F 1.4%

Value ($000) $657 Shares 7,477 Est. Cost $87.84 Unrealized —

NTNX NUTANIX INC 1.3%

Value ($000) $648 Shares 8,708 Est. Cost $73.39 Unrealized -16.7%

CQQQ INVESCO EXCH TRADED FD TR II 1.3%

Value ($000) $630 Shares 10,675 Est. Cost $59.01 Unrealized —

BIV VANGUARD BD INDEX FDS 1.3%

Value ($000) $615 Shares 7,877 Est. Cost $78.09 Unrealized —

EXE EXPAND ENERGY CORPORATION 1.2%

Value ($000) $599 Shares 5,637 Est. Cost $99.11 Unrealized +11.6%

CRWV COREWEAVE INC 1.2%

Value ($000) $597 Shares 4,366 Est. Cost $97.36 Unrealized +4.1%

EXPE EXPEDIA GROUP INC 1.2%

Value ($000) $576 Shares 2,696 Est. Cost $200.25 Unrealized +23.3%

REGN REGENERON PHARMACEUTICALS 1.2%

Value ($000) $574 Shares 1,021 Est. Cost $564.28 Unrealized +20.3%

NBIX NEUROCRINE BIOSCIENCES INC 1.2%

Value ($000) $564 Shares 4,017 Est. Cost $135.50 Unrealized +6.9%

VT VANGUARD INTL EQUITY INDEX F 1.2%

Value ($000) $559 Shares 4,059 Est. Cost $137.80 Unrealized —

FNDA SCHWAB STRATEGIC TR 1.1%

Value ($000) $512 Shares 16,428 Est. Cost $31.16 Unrealized —

ALNY ALNYLAM PHARMACEUTICALS INC 1.0%

Value ($000) $507 Shares 1,111 Est. Cost $407.20 Unrealized +8.7%

SLYV SPDR SERIES TRUST 1.0%

Value ($000) $505 Shares 5,691 Est. Cost $88.65 Unrealized —

FIVE FIVE BELOW INC 1.0%

Value ($000) $502 Shares 3,246 Est. Cost $141.49 Unrealized +14.9%

UTHR UNITED THERAPEUTICS CORP DEL 1.0%

Value ($000) $499 Shares 1,191 Est. Cost $336.31 Unrealized +38.5%

NTRA NATERA INC 1.0%

Value ($000) $495 Shares 3,078 Est. Cost $158.20 Unrealized +31.8%

GILD GILEAD SCIENCES INC 1.0%

Value ($000) $493 Shares 4,440 Est. Cost $112.28 Unrealized +7.7%

OLLI OLLIES BARGAIN OUTLET HLDGS 1.0%

Value ($000) $481 Shares 3,749 Est. Cost $132.75 Unrealized -9.2%

RGLD ROYAL GOLD INC 1.0%

Value ($000) $478 Shares 2,384 Est. Cost $172.96 Unrealized +14.7%

MTCH MATCH GROUP INC NEW 1.0%

Value ($000) $473 Shares 13,403 Est. Cost $35.47 Unrealized -7.4%

BLV VANGUARD BD INDEX FDS 0.9%

Value ($000) $453 Shares 6,397 Est. Cost $70.85 Unrealized —

ROAD CONSTRUCTION PARTNERS INC 0.9%

Value ($000) $452 Shares 3,558 Est. Cost $114.16 Unrealized -1.4%

PSIX POWER SOLUTIONS INTL INC 0.9%

Value ($000) $450 Shares 4,581 Est. Cost $88.67 Unrealized -19.5%

FOX FOX CORP 0.9%

Value ($000) $446 Shares 7,785 Est. Cost $52.60 Unrealized +11.0%

SNDK SANDISK CORP 0.9%

Value ($000) $445 Shares 3,963 Est. Cost $58.39 Unrealized +243.0%

STNE STONECO LTD 0.9%

Value ($000) $429 Shares 22,681 Est. Cost $18.91 Unrealized —

TMF DIREXION SHS ETF TR 0.9%

Value ($000) $419 Shares 10,431 Est. Cost $40.18 Unrealized —

HALO HALOZYME THERAPEUTICS INC 0.8%

Value ($000) $408 Shares 5,567 Est. Cost $66.43 Unrealized +1.3%

SLYG SPDR SERIES TRUST 0.8%

Value ($000) $401 Shares 4,249 Est. Cost $94.31 Unrealized —

TXRH TEXAS ROADHOUSE INC 0.8%

Value ($000) $391 Shares 2,355 Est. Cost $175.05 Unrealized -3.6%

NWSA NEWS CORP NEW 0.8%

Value ($000) $383 Shares 12,463 Est. Cost $29.56 Unrealized -11.3%

CSCO CISCO SYS INC 0.8%

Value ($000) $373 Shares 5,452 Est. Cost $67.38 Unrealized +9.5%

SEIC SEI INVTS CO 0.7%

Value ($000) $361 Shares 4,250 Est. Cost $88.30 Unrealized -7.5%

STX SEAGATE TECHNOLOGY HLDNGS PL 0.7%

Value ($000) $357 Shares 1,512 Est. Cost $169.71 Unrealized +52.6%

— CYBERARK SOFTWARE LTD 0.7%

Value ($000) $326 Shares 674 Est. Cost $483.15 Unrealized —

SEB SEABOARD CORP DEL 0.6%

Value ($000) $314 Shares 86 Est. Cost $3479.70 Unrealized +13.6%

LNWO LIGHT & WONDER INC 0.6%

Value ($000) $302 Shares 3,602 Est. Cost $91.82 Unrealized -4.0%

Z ZILLOW GROUP INC 0.6%

Value ($000) $292 Shares 3,789 Est. Cost $81.72 Unrealized -11.4%

CWST CASELLA WASTE SYS INC 0.6%

Value ($000) $291 Shares 3,072 Est. Cost $100.67 Unrealized -7.8%

CALM CAL MAINE FOODS INC 0.6%

Value ($000) $289 Shares 3,068 Est. Cost $103.42 Unrealized -16.3%

WGS GENEDX HOLDINGS CORP 0.6%

Value ($000) $286 Shares 2,654 Est. Cost $108.95 Unrealized +26.0%

ODFL OLD DOMINION FREIGHT LINE IN 0.6%

Value ($000) $276 Shares 1,958 Est. Cost $152.59 Unrealized -6.2%

— CIDARA THERAPEUTICS INC 0.6%

Value ($000) $275 Shares 2,867 Est. Cost $95.76 Unrealized —

FTAI FTAI AVIATION LTD 0.5%

Value ($000) $264 Shares 1,584 Est. Cost $141.79 Unrealized +20.1%

VAW VANGUARD WORLD FD 0.5%

Value ($000) $259 Shares 1,266 Est. Cost $204.86 Unrealized —

AMKR AMKOR TECHNOLOGY INC 0.5%

Value ($000) $259 Shares 9,110 Est. Cost $23.96 Unrealized +48.3%

NEXN NEXXEN INTL LTD 0.5%

Value ($000) $257 Shares 27,784 Est. Cost $9.92 Unrealized -25.0%

BSJP INVESCO EXCH TRD SLF IDX FD 0.5%

Value ($000) $255 Shares 11,065 Est. Cost $23.06 Unrealized —

MKL MARKEL GROUP INC 0.5%

Value ($000) $250 Shares 131 Est. Cost $1960.42 Unrealized +3.3%

ESS ESSEX PPTY TR INC 0.5%

Value ($000) $246 Shares 918 Est. Cost $265.10 Unrealized -3.3%

IWC ISHARES TR 0.5%

Value ($000) $244 Shares 1,635 Est. Cost $149.09 Unrealized —

ENPH ENPHASE ENERGY INC 0.5%

Value ($000) $242 Shares 6,852 Est. Cost $37.15 Unrealized -12.8%

IJR ISHARES TR 0.5%

Value ($000) $237 Shares 1,992 Est. Cost $118.83 Unrealized —

CRH CRH PLC 0.5%

Value ($000) $235 Shares 1,964 Est. Cost $105.61 Unrealized +12.8%

GDS GDS HLDGS LTD 0.5%

Value ($000) $233 Shares 6,008 Est. Cost $38.70 Unrealized —

SAIL SAILPOINT INC 0.5%

Value ($000) $230 Shares 10,428 Est. Cost $20.94 Unrealized -0.5%

GEMI GEMINI SPACE STA INC 0.5%

Value ($000) $229 Shares 9,542 Est. Cost $25.81 Unrealized -39.6%

— WELLS FARGO CO NEW 0.5%

Value ($000) $227 Shares 184 Est. Cost $1234.29 Unrealized —

CZR CAESARS ENTERTAINMENT INC NE 0.5%

Value ($000) $226 Shares 8,368 Est. Cost $27.09 Unrealized -17.0%

ALLY ALLY FINL INC 0.5%

Value ($000) $226 Shares 5,759 Est. Cost $39.39 Unrealized +3.6%

CNOB CONNECTONE BANCORP INC 0.5%

Value ($000) $224 Shares 9,041 Est. Cost $24.22 Unrealized +3.5%

LYV LIVE NATION ENTERTAINMENT IN 0.5%

Value ($000) $224 Shares 1,371 Est. Cost $158.04 Unrealized -9.1%

BRZE BRAZE INC 0.5%

Value ($000) $220 Shares 7,726 Est. Cost $28.35 Unrealized +4.5%

CRS CARPENTER TECHNOLOGY CORP 0.4%

Value ($000) $219 Shares 890 Est. Cost $255.23 Unrealized +17.8%

MANH MANHATTAN ASSOCIATES INC 0.4%

Value ($000) $218 Shares 1,064 Est. Cost $211.48 Unrealized -13.6%

OMAB GRUPO AEROPORTUARIO DEL CENT 0.4%

Value ($000) $217 Shares 2,088 Est. Cost $103.87 Unrealized —

TTWO TAKE-TWO INTERACTIVE SOFTWAR 0.4%

Value ($000) $217 Shares 838 Est. Cost $236.70 Unrealized +5.3%

WAY WAYSTAR HLDG CORP 0.4%

Value ($000) $213 Shares 5,624 Est. Cost $37.06 Unrealized -3.9%

IEX IDEX CORP 0.4%

Value ($000) $213 Shares 1,306 Est. Cost $168.10 Unrealized +1.6%

TM TOYOTA MOTOR CORP 0.4%

Value ($000) $211 Shares 1,102 Est. Cost $191.09 Unrealized —

PCAR PACCAR INC 0.4%

Value ($000) $211 Shares 2,141 Est. Cost $96.91 Unrealized +4.4%

TCHP T ROWE PRICE ETF INC 0.4%

Value ($000) $209 Shares 4,269 Est. Cost $48.88 Unrealized —

STE STERIS PLC 0.4%

Value ($000) $207 Shares 835 Est. Cost $238.92 Unrealized +5.1%

IDCC INTERDIGITAL INC 0.4%

Value ($000) $205 Shares 593 Est. Cost $271.66 Unrealized +30.1%

MNDY MONDAY COM LTD 0.4%

Value ($000) $204 Shares 1,052 Est. Cost $230.24 Unrealized -26.9%

BA BOEING CO 0.4%

Value ($000) $200 Shares 928 Est. Cost $225.47 Unrealized -8.8%

EOSE EOS ENERGY ENTERPRISES INC 0.3%

Value ($000) $131 Shares 11,500 Est. Cost $6.84 Unrealized +110.1%

NUAI NEW ERA ENERGY & DIGITAL INC 0.2%

Value ($000) $80 Shares 43,259 Est. Cost $0.55 Unrealized +632.6%

CLVT CLARIVATE PLC 0.1%

Value ($000) $47 Shares 12,221 Est. Cost $4.20 Unrealized -15.3%

DHC DIVERSIFIED HEALTHCARE TR 0.1%

Value ($000) $45 Shares 10,235 Est. Cost $4.41 Unrealized —

BLND BLEND LABS INC 0.1%

Value ($000) $44 Shares 11,996 Est. Cost $3.59 Unrealized -11.2%

IZEA IZEA WORLDWIDE INC 0.1%

Value ($000) $43 Shares 11,630 Est. Cost $3.66 Unrealized +32.7%

AIRI AIR INDS GROUP 0.1%

Value ($000) $42 Shares 13,299 Est. Cost $3.28 Unrealized -6.1%

OSTX OS THERAPIES INCORPORATED 0.1%

Value ($000) $40 Shares 20,462 Est. Cost $1.98 Unrealized -9.0%

SLDP SOLID POWER INC 0.1%

Value ($000) $39 Shares 11,100 Est. Cost $3.77 Unrealized +46.5%

CREG SMART POWERR CORP 0.1%

Value ($000) $35 Shares 29,088 Est. Cost $1.75 Unrealized -27.4%

NBY NOVABAY PHARMACEUTICALS INC 0.1%

Value ($000) $25 Shares 19,158 Est. Cost $6.01 Unrealized +54.0%

IOVA IOVANCE BIOTHERAPEUTICS INC 0.0%

Value ($000) $24 Shares 11,044 Est. Cost $2.36 Unrealized -2.0%

XPON EXPION360 INC 0.0%

Value ($000) $24 Shares 16,416 Est. Cost $1.31 Unrealized -6.8%

SACH SACHEM CAP CORP 0.0%

Value ($000) $22 Shares 19,834 Est. Cost $1.11 Unrealized —

CENN CENNTRO INC 0.0%

Value ($000) $21 Shares 36,528 Est. Cost $0.57 Unrealized -62.8%

YTRA YATRA ONLINE INC 0.0%

Value ($000) $20 Shares 14,448 Est. Cost $1.21 Unrealized +35.7%

— INNO HOLDINGS INC 0.0%

Value ($000) $18 Shares 12,713 Est. Cost $1.39 Unrealized —

CASI CASI PHARMACEUTICALS INC 0.0%

Value ($000) $17 Shares 10,135 Est. Cost $1.78 Unrealized -27.5%

VEEA VEEA INC 0.0%

Value ($000) $17 Shares 26,528 Est. Cost $0.62 Unrealized —

MAGH MAGNITUDE INTL LTD 0.0%

Value ($000) $15 Shares 10,970 Est. Cost $1.52 Unrealized +142.1%

— SUTRO BIOPHARMA INC 0.0%

Value ($000) $12 Shares 14,345 Est. Cost $0.73 Unrealized —

BYAH PARK HA BIOLOGICAL TECH CO L 0.0%

Value ($000) $10 Shares 20,925 Est. Cost $155.44 Unrealized -90.2%

SPKLW SPARK I ACQUISITION CORP 0.0%

Value ($000) $8 Shares 13,961 Est. Cost $0.55 Unrealized —

DAAQW DIGITAL ASSET ACQUISITION CO 0.0%

Value ($000) $7 Shares 13,044 Est. Cost $0.56 Unrealized —

— SONIM TECHNOLOGIES INC 0.0%

Value ($000) $7 Shares 11,420 Est. Cost $0.60 Unrealized —

ITP IT TECH PACKAGING INC 0.0%

Value ($000) $6 Shares 21,149 Est. Cost $0.21 Unrealized +15.6%

GCMGW GCM GROSVENOR INC 0.0%

Value ($000) $6 Shares 10,598 Est. Cost $0.53 Unrealized —

— CO-DIAGNOSTICS INC 0.0%

Value ($000) $4 Shares 11,517 Est. Cost $0.34 Unrealized —

— SAFETY SHOT INC 0.0%

Value ($000) $3 Shares 11,000 Est. Cost $0.27 Unrealized —

BAYAR BAYVIEW ACQUISITION CORP 0.0%

Value ($000) $3 Shares 16,100 Est. Cost $0.16 Unrealized —

— JAYUD GLOBAL LOGISTICS LTD 0.0%

Value ($000) $2 Shares 13,302 Est. Cost $0.14 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO EXCHANGE TRADED FD T	9,577	$1,817	3.7%	$189.70	—	—	46137V357
IWB	ISHARES TR	4,840	$1,769	3.6%	$350.27	—	—	464287622
EFA	ISHARES TR	18,318	$1,710	3.5%	$93.37	—	—	464287465
STIP	ISHARES TR	16,378	$1,693	3.5%	$103.36	—	—	46429B747
MSFT	MICROSOFT CORP	3,051	$1,580	3.3%	$508.71	-1.6%	—	594918104
ITOT	ISHARES TR	8,004	$1,166	2.4%	$145.65	—	—	464287150
VSS	VANGUARD INTL EQUITY INDEX F	8,013	$1,142	2.4%	$142.55	—	—	922042718
ALAB	ASTERA LABS INC	5,000	$979	2.0%	$164.44	+1.7%	—	04626A103
VXF	VANGUARD INDEX FDS	4,593	$961	2.0%	$209.34	—	—	922908652
LQD	ISHARES TR	7,827	$872	1.8%	$111.47	—	—	464287242
MDB	MONGODB INC	2,208	$685	1.4%	$257.06	+41.5%	—	60937P106
NVR	NVR INC	84	$675	1.4%	$7577.20	-1.3%	—	62944T105
VPL	VANGUARD INTL EQUITY INDEX F	7,477	$657	1.4%	$87.84	—	—	922042866
NTNX	NUTANIX INC	8,708	$648	1.3%	$73.39	-16.7%	—	67059N108
CQQQ	INVESCO EXCH TRADED FD TR II	10,675	$630	1.3%	$59.01	—	—	46138E800
BIV	VANGUARD BD INDEX FDS	7,877	$615	1.3%	$78.09	—	—	921937819
EXE	EXPAND ENERGY CORPORATION	5,637	$599	1.2%	$99.11	+11.6%	—	165167735
CRWV	COREWEAVE INC	4,366	$597	1.2%	$97.36	+4.1%	—	21873S108
EXPE	EXPEDIA GROUP INC	2,696	$576	1.2%	$200.25	+23.3%	—	30212P303
REGN	REGENERON PHARMACEUTICALS	1,021	$574	1.2%	$564.28	+20.3%	—	75886F107
NBIX	NEUROCRINE BIOSCIENCES INC	4,017	$564	1.2%	$135.50	+6.9%	—	64125C109
VT	VANGUARD INTL EQUITY INDEX F	4,059	$559	1.2%	$137.80	—	—	922042742
FNDA	SCHWAB STRATEGIC TR	16,428	$512	1.1%	$31.16	—	—	808524763
ALNY	ALNYLAM PHARMACEUTICALS INC	1,111	$507	1.0%	$407.20	+8.7%	—	02043Q107
SLYV	SPDR SERIES TRUST	5,691	$505	1.0%	$88.65	—	—	78464A300
FIVE	FIVE BELOW INC	3,246	$502	1.0%	$141.49	+14.9%	—	33829M101
UTHR	UNITED THERAPEUTICS CORP DEL	1,191	$499	1.0%	$336.31	+38.5%	—	91307C102
NTRA	NATERA INC	3,078	$495	1.0%	$158.20	+31.8%	—	632307104
GILD	GILEAD SCIENCES INC	4,440	$493	1.0%	$112.28	+7.7%	—	375558103
OLLI	OLLIES BARGAIN OUTLET HLDGS	3,749	$481	1.0%	$132.75	-9.2%	—	681116109
RGLD	ROYAL GOLD INC	2,384	$478	1.0%	$172.96	+14.7%	—	780287108
MTCH	MATCH GROUP INC NEW	13,403	$473	1.0%	$35.47	-7.4%	—	57667L107
BLV	VANGUARD BD INDEX FDS	6,397	$453	0.9%	$70.85	—	—	921937793
ROAD	CONSTRUCTION PARTNERS INC	3,558	$452	0.9%	$114.16	-1.4%	—	21044C107
PSIX	POWER SOLUTIONS INTL INC	4,581	$450	0.9%	$88.67	-19.5%	—	73933G202
FOX	FOX CORP	7,785	$446	0.9%	$52.60	+11.0%	—	35137L204
SNDK	SANDISK CORP	3,963	$445	0.9%	$58.39	+243.0%	—	80004C200
STNE	STONECO LTD	22,681	$429	0.9%	$18.91	—	—	G85158106
TMF	DIREXION SHS ETF TR	10,431	$419	0.9%	$40.18	—	—	25460G138
HALO	HALOZYME THERAPEUTICS INC	5,567	$408	0.8%	$66.43	+1.3%	—	40637H109
SLYG	SPDR SERIES TRUST	4,249	$401	0.8%	$94.31	—	—	78464A201
TXRH	TEXAS ROADHOUSE INC	2,355	$391	0.8%	$175.05	-3.6%	—	882681109
NWSA	NEWS CORP NEW	12,463	$383	0.8%	$29.56	-11.3%	—	65249B109
CSCO	CISCO SYS INC	5,452	$373	0.8%	$67.38	+9.5%	—	17275R102
SEIC	SEI INVTS CO	4,250	$361	0.7%	$88.30	-7.5%	—	784117103
STX	SEAGATE TECHNOLOGY HLDNGS PL	1,512	$357	0.7%	$169.71	+52.6%	—	G7997R103
—	CYBERARK SOFTWARE LTD	674	$326	0.7%	$483.15	—	—	M2682V108
SEB	SEABOARD CORP DEL	86	$314	0.6%	$3479.70	+13.6%	—	811543107
LNWO	LIGHT & WONDER INC	3,602	$302	0.6%	$91.82	-4.0%	—	80874P109
Z	ZILLOW GROUP INC	3,789	$292	0.6%	$81.72	-11.4%	—	98954M200
CWST	CASELLA WASTE SYS INC	3,072	$291	0.6%	$100.67	-7.8%	—	147448104
CALM	CAL MAINE FOODS INC	3,068	$289	0.6%	$103.42	-16.3%	—	128030202
WGS	GENEDX HOLDINGS CORP	2,654	$286	0.6%	$108.95	+26.0%	—	81663L200
ODFL	OLD DOMINION FREIGHT LINE IN	1,958	$276	0.6%	$152.59	-6.2%	—	679580100
—	CIDARA THERAPEUTICS INC	2,867	$275	0.6%	$95.76	—	—	171757206
FTAI	FTAI AVIATION LTD	1,584	$264	0.5%	$141.79	+20.1%	—	G3730V105
VAW	VANGUARD WORLD FD	1,266	$259	0.5%	$204.86	—	—	92204A801
AMKR	AMKOR TECHNOLOGY INC	9,110	$259	0.5%	$23.96	+48.3%	—	031652100
NEXN	NEXXEN INTL LTD	27,784	$257	0.5%	$9.92	-25.0%	—	M8T80P204
BSJP	INVESCO EXCH TRD SLF IDX FD	11,065	$255	0.5%	$23.06	—	—	46138J817
MKL	MARKEL GROUP INC	131	$250	0.5%	$1960.42	+3.3%	—	570535104
ESS	ESSEX PPTY TR INC	918	$246	0.5%	$265.10	-3.3%	—	297178105
IWC	ISHARES TR	1,635	$244	0.5%	$149.09	—	—	464288869
ENPH	ENPHASE ENERGY INC	6,852	$242	0.5%	$37.15	-12.8%	—	29355A107
IJR	ISHARES TR	1,992	$237	0.5%	$118.83	—	—	464287804
CRH	CRH PLC	1,964	$235	0.5%	$105.61	+12.8%	—	G25508105
GDS	GDS HLDGS LTD	6,008	$233	0.5%	$38.70	—	—	36165L108
SAIL	SAILPOINT INC	10,428	$230	0.5%	$20.94	-0.5%	—	78781J109
GEMI	GEMINI SPACE STA INC	9,542	$229	0.5%	$25.81	-39.6%	—	36866J105
—	WELLS FARGO CO NEW	184	$227	0.5%	$1234.29	—	—	949746804
CZR	CAESARS ENTERTAINMENT INC NE	8,368	$226	0.5%	$27.09	-17.0%	—	12769G100
ALLY	ALLY FINL INC	5,759	$226	0.5%	$39.39	+3.6%	—	02005N100
CNOB	CONNECTONE BANCORP INC	9,041	$224	0.5%	$24.22	+3.5%	—	20786W107
LYV	LIVE NATION ENTERTAINMENT IN	1,371	$224	0.5%	$158.04	-9.1%	—	538034109
BRZE	BRAZE INC	7,726	$220	0.5%	$28.35	+4.5%	—	10576N102
CRS	CARPENTER TECHNOLOGY CORP	890	$219	0.4%	$255.23	+17.8%	—	144285103
MANH	MANHATTAN ASSOCIATES INC	1,064	$218	0.4%	$211.48	-13.6%	—	562750109
OMAB	GRUPO AEROPORTUARIO DEL CENT	2,088	$217	0.4%	$103.87	—	—	400501102
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	838	$217	0.4%	$236.70	+5.3%	—	874054109
WAY	WAYSTAR HLDG CORP	5,624	$213	0.4%	$37.06	-3.9%	—	946784105
IEX	IDEX CORP	1,306	$213	0.4%	$168.10	+1.6%	—	45167R104
TM	TOYOTA MOTOR CORP	1,102	$211	0.4%	$191.09	—	—	892331307
PCAR	PACCAR INC	2,141	$211	0.4%	$96.91	+4.4%	—	693718108
TCHP	T ROWE PRICE ETF INC	4,269	$209	0.4%	$48.88	—	—	87283Q107
STE	STERIS PLC	835	$207	0.4%	$238.92	+5.1%	—	G8473T100
IDCC	INTERDIGITAL INC	593	$205	0.4%	$271.66	+30.1%	—	45867G101
MNDY	MONDAY COM LTD	1,052	$204	0.4%	$230.24	-26.9%	—	M7S64H106
BA	BOEING CO	928	$200	0.4%	$225.47	-8.8%	—	097023105
EOSE	EOS ENERGY ENTERPRISES INC	11,500	$131	0.3%	$6.84	+110.1%	—	29415C101
NUAI	NEW ERA ENERGY & DIGITAL INC	43,259	$80	0.2%	$0.55	+632.6%	—	64428N109
CLVT	CLARIVATE PLC	12,221	$47	0.1%	$4.20	-15.3%	—	G21810109
DHC	DIVERSIFIED HEALTHCARE TR	10,235	$45	0.1%	$4.41	—	—	25525P107
BLND	BLEND LABS INC	11,996	$44	0.1%	$3.59	-11.2%	—	09352U108
IZEA	IZEA WORLDWIDE INC	11,630	$43	0.1%	$3.66	+32.7%	—	46604H204
AIRI	AIR INDS GROUP	13,299	$42	0.1%	$3.28	-6.1%	—	00912N403
OSTX	OS THERAPIES INCORPORATED	20,462	$40	0.1%	$1.98	-9.0%	—	68764Y207
SLDP	SOLID POWER INC	11,100	$39	0.1%	$3.77	+46.5%	—	83422N105
CREG	SMART POWERR CORP	29,088	$35	0.1%	$1.75	-27.4%	—	168913408
NBY	NOVABAY PHARMACEUTICALS INC	19,158	$25	0.1%	$6.01	+54.0%	—	66987P409
IOVA	IOVANCE BIOTHERAPEUTICS INC	11,044	$24	0.0%	$2.36	-2.0%	—	462260100
XPON	EXPION360 INC	16,416	$24	0.0%	$1.31	-6.8%	—	30218B209
SACH	SACHEM CAP CORP	19,834	$22	0.0%	$1.11	—	—	78590A109
CENN	CENNTRO INC	36,528	$21	0.0%	$0.57	-62.8%	—	150964104
YTRA	YATRA ONLINE INC	14,448	$20	0.0%	$1.21	+35.7%	—	G98338109
—	INNO HOLDINGS INC	12,713	$18	0.0%	$1.39	—	—	4576JP208
CASI	CASI PHARMACEUTICALS INC	10,135	$17	0.0%	$1.78	-27.5%	—	G1933S101
VEEA	VEEA INC	26,528	$17	0.0%	$0.62	—	—	693489122
MAGH	MAGNITUDE INTL LTD	10,970	$15	0.0%	$1.52	+142.1%	—	G57Y0E100
—	SUTRO BIOPHARMA INC	14,345	$12	0.0%	$0.73	—	—	869367102
BYAH	PARK HA BIOLOGICAL TECH CO L	20,925	$10	0.0%	$155.44	-90.2%	—	G6925R102
SPKLW	SPARK I ACQUISITION CORP	13,961	$8	0.0%	$0.55	—	—	G8316B118
DAAQW	DIGITAL ASSET ACQUISITION CO	13,044	$7	0.0%	$0.56	—	—	G2868C111
—	SONIM TECHNOLOGIES INC	11,420	$7	0.0%	$0.60	—	—	83548F309
ITP	IT TECH PACKAGING INC	21,149	$6	0.0%	$0.21	+15.6%	—	46527C209
GCMGW	GCM GROSVENOR INC	10,598	$6	0.0%	$0.53	—	—	36831E116
—	CO-DIAGNOSTICS INC	11,517	$4	0.0%	$0.34	—	—	189763105
—	SAFETY SHOT INC	11,000	$3	0.0%	$0.27	—	—	48208F105
BAYAR	BAYVIEW ACQUISITION CORP	16,100	$3	0.0%	$0.16	—	—	07323B118
—	JAYUD GLOBAL LOGISTICS LTD	13,302	$2	0.0%	$0.14	—	—	G5084H103

Decreased Positions (9)

IWD ISHARES TR 0.6%

Value ($000) $297 (-50.2%) Shares 1,411 (-51.8%) Est. Cost $203.59 Unrealized —

DASH DOORDASH INC 0.7%

Value ($000) $320 (-29.9%) Shares 1,414 (-15.8%) Est. Cost $250.83 Unrealized -6.5%

ADP AUTOMATIC DATA PROCESSING IN 0.5%

Value ($000) $255 (-34.6%) Shares 990 (-25.3%) Est. Cost $297.80 Unrealized -11.1%

QCOM QUALCOMM INC 0.5%

Value ($000) $222 (-37.7%) Shares 1,296 (-39.4%) Est. Cost $157.20 Unrealized +8.6%

XHB SPDR SERIES TRUST 0.5%

Value ($000) $225 (-32.1%) Shares 2,186 (-26.9%) Est. Cost $110.80 Unrealized —

WDAY WORKDAY INC 0.4%

Value ($000) $210 (-31.8%) Shares 976 (-23.5%) Est. Cost $231.22 Unrealized -1.7%

LPLA LPL FINL HLDGS INC 0.5%

Value ($000) $224 (-16.7%) Shares 628 (-22.4%) Est. Cost $362.48 Unrealized -2.4%

MYND MYND AI INC 0.0%

Value ($000) $6 (-63.7%) Shares 13,708 (-22.1%) Est. Cost $1.61 Unrealized —

— URBAN-GRO INC 0.0%

Value ($000) $4 (-61.4%) Shares 15,484 (-43.1%) Est. Cost $0.41 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWD	ISHARES TR	1,411 (-51.8%)	$297 (-50.2%)	0.6%	$203.59	—	RUS 1000 VAL ETF	464287598
DASH	DOORDASH INC	1,414 (-15.8%)	$320 (-29.9%)	0.7%	$250.83	-6.5%	CL A	25809K105
ADP	AUTOMATIC DATA PROCESSING IN	990 (-25.3%)	$255 (-34.6%)	0.5%	$297.80	-11.1%	COM	053015103
QCOM	QUALCOMM INC	1,296 (-39.4%)	$222 (-37.7%)	0.5%	$157.20	+8.6%	COM	747525103
XHB	SPDR SERIES TRUST	2,186 (-26.9%)	$225 (-32.1%)	0.5%	$110.80	—	STATE STREET SPD	78464A888
WDAY	WORKDAY INC	976 (-23.5%)	$210 (-31.8%)	0.4%	$231.22	-1.7%	CL A	98138H101
LPLA	LPL FINL HLDGS INC	628 (-22.4%)	$224 (-16.7%)	0.5%	$362.48	-2.4%	COM	50212V100
MYND	MYND AI INC	13,708 (-22.1%)	$6 (-63.7%)	0.0%	$1.61	—	SPON ADS	628988107
—	URBAN-GRO INC	15,484 (-43.1%)	$4 (-61.4%)	0.0%	$0.41	—	COM NEW	91704K202