Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IREN	IREN LIMITED	294,973	$13.49M	1.3%	$45.73	—	ORDINARY SHARES	Q4982L109
HON	HONEYWELL INTL INC	55,150	$12.35M	1.2%	$223.90	—	COM	438516205
HONA	HONEYWELL AEROSPACE INC	55,150	$12.19M	1.2%	$221.08	—	COM	43849R105
VOR	VOR BIOPHARMA INC	646,550	$11.9M	1.2%	$18.41	—	COM NEW	929033207
FLEX	FLEX LTD	72,300	$11.72M	1.2%	$162.07	—	ORD	Y2573F102
CRH	CRH PLC	106,700	$11.42M	1.1%	$107.00	—	ORD	G25508105
BCRX	BIOCRYST PHARMACEUTICALS INC	450,000	$4.5M	0.4%	$10.00	—	COM	09058V103

Increased Positions (12)

GEHC GE HEALTHCARE TECHNOLOGIES I 4.0%

Value $40.88M (+172.2%) Shares 638,675 (+202.7%) Est. Cost $67.49 Unrealized —

OC OWENS CORNING NEW 2.9%

Value $29.62M (+101.2%) Shares 186,324 (+37.0%) Est. Cost $134.67 Unrealized —

META META PLATFORMS INC 2.1%

Value $21.04M (+142.0%) Shares 37,360 (+145.8%) Est. Cost $605.62 Unrealized —

HD HOME DEPOT INC 3.5%

Value $35.24M (+47.3%) Shares 99,919 (+37.4%) Est. Cost $364.54 Unrealized —

TRVI TREVI THERAPEUTICS INC 2.2%

Value $22.63M (+66.0%) Shares 1,213,620 (+6.2%) Est. Cost $11.56 Unrealized —

AMCR AMCOR PLC 5.1%

Value $52M (+17.2%) Shares 1,199,576 (+7.5%) Est. Cost $45.65 Unrealized —

DHR DANAHER CORP DEL 2.4%

Value $24.1M (+28.9%) Shares 126,500 (+28.3%) Est. Cost $203.24 Unrealized —

ABVX ABIVAX SA 1.9%

Value $18.93M (+31.9%) Shares 142,083 (+10.2%) Est. Cost $96.49 Unrealized —

KURA KURA ONCOLOGY INC 1.3%

Value $12.89M (+48.9%) Shares 1,174,880 (+10.3%) Est. Cost $9.72 Unrealized —

EIDO ISHARES TR 3.3%

Value $33.75M (-4.5%) Shares 2,983,900 (+33.3%) Est. Cost $15.62 Unrealized —

GERN GERON CORP 0.3%

Value $2.846M (+39.1%) Shares 2,223,550 (+61.9%) Est. Cost $1.36 Unrealized —

PDD PDD HOLDINGS INC 1.6%

Value $15.84M (+1.4%) Shares 207,699 (+35.8%) Est. Cost $96.64 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GEHC	GE HEALTHCARE TECHNOLOGIES I	638,675 (+202.7%)	$40.88M (+172.2%)	4.0%	$67.49	—	COMMON STOCK	36266G107
OC	OWENS CORNING NEW	186,324 (+37.0%)	$29.62M (+101.2%)	2.9%	$134.67	—	COM	690742101
META	META PLATFORMS INC	37,360 (+145.8%)	$21.04M (+142.0%)	2.1%	$605.62	—	CL A	30303M102
HD	HOME DEPOT INC	99,919 (+37.4%)	$35.24M (+47.3%)	3.5%	$364.54	—	COM	437076102
TRVI	TREVI THERAPEUTICS INC	1,213,620 (+6.2%)	$22.63M (+66.0%)	2.2%	$11.56	—	COM	89532M101
AMCR	AMCOR PLC	1,199,576 (+7.5%)	$52M (+17.2%)	5.1%	$45.65	—	COM NEW	G0250X149
DHR	DANAHER CORP DEL	126,500 (+28.3%)	$24.1M (+28.9%)	2.4%	$203.24	—	COM	235851102
ABVX	ABIVAX SA	142,083 (+10.2%)	$18.93M (+31.9%)	1.9%	$96.49	—	SPONSORED ADS	00370M103
KURA	KURA ONCOLOGY INC	1,174,880 (+10.3%)	$12.89M (+48.9%)	1.3%	$9.72	—	COM	50127T109
EIDO	ISHARES TR	2,983,900 (+33.3%)	$33.75M (-4.5%)	3.3%	$15.62	—	MSCI INDONIA ETF	46429B309
GERN	GERON CORP	2,223,550 (+61.9%)	$2.846M (+39.1%)	0.3%	$1.36	—	COM	374163103
PDD	PDD HOLDINGS INC	207,699 (+35.8%)	$15.84M (+1.4%)	1.6%	$96.64	—	SPONSORED ADS	722304102

Exited Positions (14)

THD ISHARES INC 3.5%

Value $35.38M Shares 510,000 Est. Cost $58.53 Unrealized —

HON HONEYWELL INTL INC 1.9%

Value $18.96M Shares 83,900 Est. Cost $198.24 Unrealized —

PINS PINTEREST INC 1.2%

Value $12.08M Shares 658,700 Est. Cost $22.23 Unrealized —

TGT TARGET CORP 1.2%

Value $11.73M Shares 96,778 Est. Cost $106.28 Unrealized —

MCHP MICROCHIP TECHNOLOGY INC. 1.1%

Value $11.02M Shares 170,600 Est. Cost $75.77 Unrealized —

ORCL ORACLE CORP 1.0%

Value $9.65M Shares 65,600 Est. Cost $251.42 Unrealized —

AKR ACADIA RLTY TR 0.9%

Value $8.759M Shares 458,100 Est. Cost $20.93 Unrealized —

FRT FEDERAL RLTY INVT TR NEW 0.7%

Value $6.797M Shares 64,000 Est. Cost $103.32 Unrealized —

SLNO SOLENO THERAPEUTICS INC 0.4%

Value $4.22M Shares 126,050 Est. Cost $74.15 Unrealized —

KALV KALVISTA PHARMACEUTICALS INC 0.3%

Value $3.111M Shares 154,522 Est. Cost $12.23 Unrealized —

JOYY JOYY INC 0.3%

Value $2.74M Shares 46,930 Est. Cost $50.91 Unrealized —

DOC HEALTHPEAK PROPERTIES INC 0.3%

Value $2.712M Shares 165,064 Est. Cost $17.46 Unrealized —

REPL REPLIMUNE GROUP INC 0.1%

Value $1.502M Shares 196,327 Est. Cost $8.68 Unrealized —

DBVT DBV TECHNOLOGIES S A 0.1%

Value $775K Shares 37,095 Est. Cost $9.16 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
THD	ISHARES INC	510,000	$35.38M	3.5%	$58.53	—	—	464286624
HON	HONEYWELL INTL INC	83,900	$18.96M	1.9%	$198.24	—	—	438516106
PINS	PINTEREST INC	658,700	$12.08M	1.2%	$22.23	—	—	72352L106
TGT	TARGET CORP	96,778	$11.73M	1.2%	$106.28	—	—	87612E106
MCHP	MICROCHIP TECHNOLOGY INC.	170,600	$11.02M	1.1%	$75.77	—	—	595017104
ORCL	ORACLE CORP	65,600	$9.65M	1.0%	$251.42	—	—	68389X105
AKR	ACADIA RLTY TR	458,100	$8.759M	0.9%	$20.93	—	—	004239109
FRT	FEDERAL RLTY INVT TR NEW	64,000	$6.797M	0.7%	$103.32	—	—	313745101
SLNO	SOLENO THERAPEUTICS INC	126,050	$4.22M	0.4%	$74.15	—	—	834203309
KALV	KALVISTA PHARMACEUTICALS INC	154,522	$3.111M	0.3%	$12.23	—	—	483497103
JOYY	JOYY INC	46,930	$2.74M	0.3%	$50.91	—	—	46591M109
DOC	HEALTHPEAK PROPERTIES INC	165,064	$2.712M	0.3%	$17.46	—	—	42250P103
REPL	REPLIMUNE GROUP INC	196,327	$1.502M	0.1%	$8.68	—	—	76029N106
DBVT	DBV TECHNOLOGIES S A	37,095	$775K	0.1%	$9.16	—	—	23306J309

Decreased Positions (6)

AMD ADVANCED MICRO DEVICES INC 6.7%

Value $67.79M (+106.1%) Shares 116,700 (-27.8%) Est. Cost $196.06 Unrealized —

AMX AMERICA MOVIL SAB DE CV 2.7%

Value $27.43M (-18.6%) Shares 1,055,500 (-20.2%) Est. Cost $20.32 Unrealized —

NVDA NVIDIA CORPORATION 3.6%

Value $36.06M (-10.1%) Shares 180,240 (-21.7%) Est. Cost $150.81 Unrealized —

SLG SL GREEN RLTY CORP 0.7%

Value $6.86M (+36.7%) Shares 132,507 (-2.4%) Est. Cost $45.87 Unrealized —

CLYM CLIMB BIO INC 0.5%

Value $4.703M (+63.3%) Shares 360,654 (-14.2%) Est. Cost $1.24 Unrealized —

UNH UNITEDHEALTH GROUP INC 2.8%

Value $28.4M (+0.8%) Shares 68,335 (-34.4%) Est. Cost $323.05 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMD	ADVANCED MICRO DEVICES INC	116,700 (-27.8%)	$67.79M (+106.1%)	6.7%	$196.06	—	COM	007903107
AMX	AMERICA MOVIL SAB DE CV	1,055,500 (-20.2%)	$27.43M (-18.6%)	2.7%	$20.32	—	SPON ADS RP CL B	02390A101
NVDA	NVIDIA CORPORATION	180,240 (-21.7%)	$36.06M (-10.1%)	3.6%	$150.81	—	COM	67066G104
SLG	SL GREEN RLTY CORP	132,507 (-2.4%)	$6.86M (+36.7%)	0.7%	$45.87	—	COM	78440X887
CLYM	CLIMB BIO INC	360,654 (-14.2%)	$4.703M (+63.3%)	0.5%	$1.24	—	COM	28658R106
UNH	UNITEDHEALTH GROUP INC	68,335 (-34.4%)	$28.4M (+0.8%)	2.8%	$323.05	—	COM	91324P102

Unchanged Positions (30)

KT KT CORP 3.3%

Value $33.79M Shares 1,955,340 Est. Cost $19.55 Unrealized —

MIRM MIRUM PHARMACEUTICALS INC 2.7%

Value $27.24M Shares 232,679 Est. Cost $54.80 Unrealized —

PPG PPG INDS INC 4.8%

Value $48.19M Shares 397,334 Est. Cost $118.57 Unrealized —

BCAX BICARA THERAPEUTICS INC 1.3%

Value $12.7M Shares 427,885 Est. Cost $12.42 Unrealized —

IJH ISHARES TR 2.7%

Value $27.68M Shares 359,000 Est. Cost $58.48 Unrealized —

QURE UNIQURE NV 0.5%

Value $5.32M Shares 115,494 Est. Cost $38.59 Unrealized —

PTGX PROTAGONIST THERAPEUTICS INC 1.9%

Value $19.69M Shares 160,670 Est. Cost $55.18 Unrealized —

JD JD.COM INC 1.6%

Value $16.55M Shares 649,700 Est. Cost $33.35 Unrealized —

XHB SPDR SERIES TRUST 1.8%

Value $17.92M Shares 155,040 Est. Cost $102.96 Unrealized —

MP MP MATERIALS CORP 1.6%

Value $15.85M Shares 283,050 Est. Cost $63.41 Unrealized —

KRC KILROY REALTY CORP 0.8%

Value $7.899M Shares 210,800 Est. Cost $39.16 Unrealized —

VNO VORNADO RLTY TR 0.6%

Value $5.651M Shares 143,800 Est. Cost $36.31 Unrealized —

BXP BXP INC 0.8%

Value $8.085M Shares 121,924 Est. Cost $67.67 Unrealized —

SRRK SCHOLAR ROCK HLDG CORP 1.6%

Value $15.7M Shares 285,495 Est. Cost $37.79 Unrealized —

ABEO ABEONA THERAPEUTICS INC 0.6%

Value $5.913M Shares 956,770 Est. Cost $5.42 Unrealized —

ARE ALEXANDRIA REAL ESTATE EQ IN 1.2%

Value $12.63M Shares 238,981 Est. Cost $72.53 Unrealized —

SVRA SAVARA INC 1.1%

Value $11.35M Shares 1,842,350 Est. Cost $4.96 Unrealized —

CELC CELCUITY INC 1.1%

Value $10.86M Shares 103,775 Est. Cost $87.80 Unrealized —

AVTX AVALO THERAPEUTICS INC 0.3%

Value $3.493M Shares 189,000 Est. Cost $16.88 Unrealized —

XENE XENON PHARMACEUTICALS INC 1.5%

Value $14.96M Shares 247,765 Est. Cost $35.99 Unrealized —

IMNM IMMUNOME INC 1.5%

Value $15.14M Shares 714,553 Est. Cost $9.91 Unrealized —

WBD WARNER BROS DISCOVERY INC 1.5%

Value $15.35M Shares 575,744 Est. Cost $24.04 Unrealized —

APD AIR PRODUCTS AND CHEMICALS I 2.8%

Value $28.34M Shares 96,680 Est. Cost $254.24 Unrealized —

ESRT EMPIRE ST RLTY TR INC 0.4%

Value $4.335M Shares 801,300 Est. Cost $8.09 Unrealized —

MBB ISHARES TR 3.3%

Value $33.01M Shares 349,200 Est. Cost $95.22 Unrealized —

SPYD SPDR SERIES TRUST 0.3%

Value $3.22M Shares 67,500 Est. Cost $44.23 Unrealized —

IDV ISHARES TR 0.3%

Value $3.223M Shares 77,800 Est. Cost $39.41 Unrealized —

ZLAB ZAI LAB LTD 0.6%

Value $6.583M Shares 346,466 Est. Cost $31.40 Unrealized —

BBIO BRIDGEBIO PHARMA INC 1.6%

Value $16.33M Shares 219,215 Est. Cost $70.04 Unrealized —

PCVX VAXCYTE INC 0.7%

Value $7.146M Shares 122,930 Est. Cost $36.01 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KT	KT CORP	1,955,340	$33.79M	3.3%	$19.55	—	SPONSORED ADR	48268K101
MIRM	MIRUM PHARMACEUTICALS INC	232,679	$27.24M	2.7%	$54.80	—	COM	604749101
PPG	PPG INDS INC	397,334	$48.19M	4.8%	$118.57	—	COM	693506107
BCAX	BICARA THERAPEUTICS INC	427,885	$12.7M	1.3%	$12.42	—	COM	055477103
IJH	ISHARES TR	359,000	$27.68M	2.7%	$58.48	—	CORE S&P MCP ETF	464287507
QURE	UNIQURE NV	115,494	$5.32M	0.5%	$38.59	—	SHS	N90064101
PTGX	PROTAGONIST THERAPEUTICS INC	160,670	$19.69M	1.9%	$55.18	—	COM	74366E102
JD	JD.COM INC	649,700	$16.55M	1.6%	$33.35	—	SPON ADS CL A	47215P106
XHB	SPDR SERIES TRUST	155,040	$17.92M	1.8%	$102.96	—	ST STR SP HOME	78464A888
MP	MP MATERIALS CORP	283,050	$15.85M	1.6%	$63.41	—	COM CL A	553368101
KRC	KILROY REALTY CORP	210,800	$7.899M	0.8%	$39.16	—	COM	49427F108
VNO	VORNADO RLTY TR	143,800	$5.651M	0.6%	$36.31	—	SH BEN INT	929042109
BXP	BXP INC	121,924	$8.085M	0.8%	$67.67	—	COM	101121101
SRRK	SCHOLAR ROCK HLDG CORP	285,495	$15.7M	1.6%	$37.79	—	COM	80706P103
ABEO	ABEONA THERAPEUTICS INC	956,770	$5.913M	0.6%	$5.42	—	COM NEW	00289Y206
ARE	ALEXANDRIA REAL ESTATE EQ IN	238,981	$12.63M	1.2%	$72.53	—	COM	015271109
SVRA	SAVARA INC	1,842,350	$11.35M	1.1%	$4.96	—	COM	805111101
CELC	CELCUITY INC	103,775	$10.86M	1.1%	$87.80	—	COM	15102K100
AVTX	AVALO THERAPEUTICS INC	189,000	$3.493M	0.3%	$16.88	—	COM NEW	05338F306
XENE	XENON PHARMACEUTICALS INC	247,765	$14.96M	1.5%	$35.99	—	COM	98420N105
IMNM	IMMUNOME INC	714,553	$15.14M	1.5%	$9.91	—	COM	45257U108
WBD	WARNER BROS DISCOVERY INC	575,744	$15.35M	1.5%	$24.04	—	COM SER A	934423104
APD	AIR PRODUCTS AND CHEMICALS I	96,680	$28.34M	2.8%	$254.24	—	COM	009158106
ESRT	EMPIRE ST RLTY TR INC	801,300	$4.335M	0.4%	$8.09	—	CL A	292104106
MBB	ISHARES TR	349,200	$33.01M	3.3%	$95.22	—	MBS ETF	464288588
SPYD	SPDR SERIES TRUST	67,500	$3.22M	0.3%	$44.23	—	ST STR SP500DIV	78468R788
IDV	ISHARES TR	77,800	$3.223M	0.3%	$39.41	—	INTL SEL DIV ETF	464288448
ZLAB	ZAI LAB LTD	346,466	$6.583M	0.6%	$31.40	—	ADR	98887Q104
BBIO	BRIDGEBIO PHARMA INC	219,215	$16.33M	1.6%	$70.04	—	COM	10806X102
PCVX	VAXCYTE INC	122,930	$7.146M	0.7%	$36.01	—	COM	92243G108