Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CHWY	CHEWY INC	372,717	$10.06M	4.0%	—	—	CL A	16679L109
STZ	CONSTELLATION BRANDS INC	63,229	$9.484M	3.8%	—	—	CL A	21036P108
MDLZ	MONDELEZ INTL INC	164,280	$9.469M	3.8%	—	—	CL A	609207105
FWONK	LIBERTY MEDIA CORP DEL	104,098	$8.85M	3.6%	—	—	COM LBTY ONE S C	531229755
NXST	NEXSTAR MEDIA GROUP INC	46,360	$8.383M	3.4%	—	—	COMMON STOCK	65336K103
ROST	ROSS STORES INC	26,615	$5.766M	2.3%	—	—	COM	778296103
RCL	ROYAL CARIBBEAN GROUP	19,356	$5.326M	2.1%	—	—	COM	V7780T103
MCD	MCDONALDS CORP	15,361	$4.774M	1.9%	—	—	COM	580135101
BOBS	BOBS DISC FURNITURE INC	373,791	$4.392M	1.8%	—	—	COM SHS	09681N106
ASO	ACADEMY SPORTS & OUTDOORS IN	59,460	$3.357M	1.3%	—	—	COM	00402L107
CART	MAPLEBEAR INC	72,329	$2.709M	1.1%	—	—	COM	565394103
RH	RH	19,367	$2.708M	1.1%	—	—	COM	74967X103
RL	RALPH LAUREN CORP	5,634	$1.938M	0.8%	—	—	CL A	751212101
PTON	PELOTON INTERACTIVE INC	384,231	$1.648M	0.7%	—	—	CL A COM	70614W100
ABNB	AIRBNB INC	12,791	$1.615M	0.6%	—	—	COM CL A	009066101
BLDR	BUILDERS FIRSTSOURCE INC	19,348	$1.593M	0.6%	—	—	COM	12008R107

Increased Positions (7)

ZGN ERMENEGILDO ZEGNA N V 6.0%

Value $14.99M (+36.9%) Shares 1,438,546 (+34.7%) Est. Cost — Unrealized —

MSGS MADISON SQUARE GRDN SPRT COR 6.0%

Value $14.83M (+31.0%) Shares 46,152 (+5.4%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 4.1%

Value $10.31M (+41.2%) Shares 49,497 (+56.5%) Est. Cost — Unrealized —

W WAYFAIR INC 5.7%

Value $14.28M (-15.7%) Shares 189,891 (+12.6%) Est. Cost — Unrealized —

FND FLOOR & DECOR HLDGS INC 5.4%

Value $13.42M (+5.2%) Shares 264,083 (+26.1%) Est. Cost — Unrealized —

VIK VIKING HOLDINGS LTD 2.8%

Value $6.916M (+5.2%) Shares 94,117 (+2.2%) Est. Cost — Unrealized —

YUM YUM BRANDS INC 1.2%

Value $2.868M (+5.4%) Shares 18,449 (+2.6%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ZGN	ERMENEGILDO ZEGNA N V	1,438,546 (+34.7%)	$14.99M (+36.9%)	6.0%	—	—	ORD SHS	N30577105
MSGS	MADISON SQUARE GRDN SPRT COR	46,152 (+5.4%)	$14.83M (+31.0%)	6.0%	—	—	CL A	55825T103
AMZN	AMAZON COM INC	49,497 (+56.5%)	$10.31M (+41.2%)	4.1%	—	—	COM	023135106
W	WAYFAIR INC	189,891 (+12.6%)	$14.28M (-15.7%)	5.7%	—	—	CL A	94419L101
FND	FLOOR & DECOR HLDGS INC	264,083 (+26.1%)	$13.42M (+5.2%)	5.4%	—	—	CL A	339750101
VIK	VIKING HOLDINGS LTD	94,117 (+2.2%)	$6.916M (+5.2%)	2.8%	—	—	ORD SHS	G93A5A101
YUM	YUM BRANDS INC	18,449 (+2.6%)	$2.868M (+5.4%)	1.2%	—	—	COM	988498101

Exited Positions (10)

LAD LITHIA MTRS INC 2.6%

Value $6.432M Shares 19,355 Est. Cost — Unrealized —

SGI SOMNIGROUP INTERNATIONAL INC 2.2%

Value $5.483M Shares 61,418 Est. Cost — Unrealized —

LOW LOWES COS INC 1.9%

Value $4.793M Shares 19,875 Est. Cost — Unrealized —

EAT BRINKER INTL INC 1.7%

Value $4.128M Shares 28,760 Est. Cost — Unrealized —

RKT ROCKET COS INC 1.6%

Value $4.059M Shares 209,662 Est. Cost — Unrealized —

WMT WALMART INC 1.2%

Value $3.005M Shares 26,973 Est. Cost — Unrealized —

GAP GAP INC 1.1%

Value $2.757M Shares 107,679 Est. Cost — Unrealized —

BRBR BELLRING BRANDS INC 1.1%

Value $2.746M Shares 102,733 Est. Cost — Unrealized —

CVNA CARVANA CO 0.9%

Value $2.338M Shares 5,540 Est. Cost — Unrealized —

HAS HASBRO INC 0.9%

Value $2.256M Shares 27,512 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LAD	LITHIA MTRS INC	19,355	$6.432M	2.6%	—	—	—	536797103
SGI	SOMNIGROUP INTERNATIONAL INC	61,418	$5.483M	2.2%	—	—	—	88023U101
LOW	LOWES COS INC	19,875	$4.793M	1.9%	—	—	—	548661107
EAT	BRINKER INTL INC	28,760	$4.128M	1.7%	—	—	—	109641100
RKT	ROCKET COS INC	209,662	$4.059M	1.6%	—	—	—	77311W101
WMT	WALMART INC	26,973	$3.005M	1.2%	—	—	—	931142103
GAP	GAP INC	107,679	$2.757M	1.1%	—	—	—	364760108
BRBR	BELLRING BRANDS INC	102,733	$2.746M	1.1%	—	—	—	07831C103
CVNA	CARVANA CO	5,540	$2.338M	0.9%	—	—	—	146869102
HAS	HASBRO INC	27,512	$2.256M	0.9%	—	—	—	418056107

Decreased Positions (15)

LZ LEGALZOOM COM INC 2.0%

Value $5.043M (-71.2%) Shares 889,482 (-49.6%) Est. Cost — Unrealized —

MHK MOHAWK INDS INC 3.0%

Value $7.577M (-55.1%) Shares 76,954 (-50.1%) Est. Cost — Unrealized —

FIVE FIVE BELOW INC 5.3%

Value $13.12M (-27.3%) Shares 57,444 (-40.0%) Est. Cost — Unrealized —

SN SHARKNINJA INC 1.6%

Value $4.071M (-54.4%) Shares 38,442 (-51.8%) Est. Cost — Unrealized —

CCL CARNIVAL CORP 4.1%

Value $10.09M (-26.7%) Shares 389,838 (-13.5%) Est. Cost — Unrealized —

BIRK BIRKENSTOCK HOLDING PLC 1.0%

Value $2.469M (-53.8%) Shares 68,899 (-47.3%) Est. Cost — Unrealized —

AS AMER SPORTS INC 3.2%

Value $7.932M (-21.8%) Shares 240,949 (-11.2%) Est. Cost — Unrealized —

VSCO VICTORIAS SECRET AND CO 0.7%

Value $1.788M (-53.6%) Shares 38,571 (-45.7%) Est. Cost — Unrealized —

WIX WIX COM LTD 1.0%

Value $2.43M (-44.6%) Shares 26,978 (-36.1%) Est. Cost — Unrealized —

URBN URBAN OUTFITTERS INC 2.3%

Value $5.651M (-24.4%) Shares 89,208 (-10.2%) Est. Cost — Unrealized —

EYE NATIONAL VISION HLDGS INC 0.8%

Value $2.042M (-42.6%) Shares 78,826 (-42.8%) Est. Cost — Unrealized —

SATS ECHOSTAR CORP 1.3%

Value $3.345M (-28.5%) Shares 28,573 (-33.7%) Est. Cost — Unrealized —

ULTA ULTA BEAUTY INC 1.3%

Value $3.259M (-28.2%) Shares 6,235 (-16.9%) Est. Cost — Unrealized —

BURL BURLINGTON STORES INC 4.5%

Value $11.18M (-7.3%) Shares 34,362 (-17.7%) Est. Cost — Unrealized —

WSM WILLIAMS SONOMA INC 2.0%

Value $4.883M (-4.2%) Shares 26,779 (-6.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LZ	LEGALZOOM COM INC	889,482 (-49.6%)	$5.043M (-71.2%)	2.0%	—	—	COM	52466B103
MHK	MOHAWK INDS INC	76,954 (-50.1%)	$7.577M (-55.1%)	3.0%	—	—	COM	608190104
FIVE	FIVE BELOW INC	57,444 (-40.0%)	$13.12M (-27.3%)	5.3%	—	—	COM	33829M101
SN	SHARKNINJA INC	38,442 (-51.8%)	$4.071M (-54.4%)	1.6%	—	—	COM SHS	G8068L108
CCL	CARNIVAL CORP	389,838 (-13.5%)	$10.09M (-26.7%)	4.1%	—	—	COMMON STOCK	143658300
BIRK	BIRKENSTOCK HOLDING PLC	68,899 (-47.3%)	$2.469M (-53.8%)	1.0%	—	—	COM SHS	M2029K104
AS	AMER SPORTS INC	240,949 (-11.2%)	$7.932M (-21.8%)	3.2%	—	—	COM SHS	G0260P102
VSCO	VICTORIAS SECRET AND CO	38,571 (-45.7%)	$1.788M (-53.6%)	0.7%	—	—	COMMON STOCK	926400102
WIX	WIX COM LTD	26,978 (-36.1%)	$2.43M (-44.6%)	1.0%	—	—	SHS	M98068105
URBN	URBAN OUTFITTERS INC	89,208 (-10.2%)	$5.651M (-24.4%)	2.3%	—	—	COM	917047102
EYE	NATIONAL VISION HLDGS INC	78,826 (-42.8%)	$2.042M (-42.6%)	0.8%	—	—	COM	63845R107
SATS	ECHOSTAR CORP	28,573 (-33.7%)	$3.345M (-28.5%)	1.3%	—	—	CL A	278768106
ULTA	ULTA BEAUTY INC	6,235 (-16.9%)	$3.259M (-28.2%)	1.3%	—	—	COM	90384S303
BURL	BURLINGTON STORES INC	34,362 (-17.7%)	$11.18M (-7.3%)	4.5%	—	—	COM	122017106
WSM	WILLIAMS SONOMA INC	26,779 (-6.2%)	$4.883M (-4.2%)	2.0%	—	—	COM	969904101

Unchanged Positions (1)

BOOT BOOT BARN HLDGS INC 1.7%

Value $4.15M Shares 28,354 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BOOT	BOOT BARN HLDGS INC	28,354	$4.15M	1.7%	—	—	COM	099406100