Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
META	META PLATFORMS INC	6,509	$4.72M	2.1%	$725.18	$624.16	+16.2%	CL A	30303M102
BSOL	BITWISE SOLANA STAKING ETF	292,269	$4.72M	2.1%	$16.15	$12.26	+31.7%	COM SHS OF BENEF	091948109
PLTR	PALANTIR TECHNOLOGIES INC	21,459	$4.014M	1.7%	$187.05	$159.37	+17.4%	CL A	69608A108
ETHB	ISHARES STAKED ETHEREUM TR E	113,450	$3.897M	1.7%	$34.35	$27.89	+23.2%	SHS FR UNDIV BEN	46438M106
CRWD	CROWDSTRIKE HLDGS INC	14,292	$3.784M	1.6%	$264.75	$212.27	+24.7%	CL A	22788C105
TLDR	REX ETF TR	139,545	$3.489M	1.5%	$25.01	$25.02	-0.0%	LADDERED T BILL	761562842
TSLA	TESLA INC	9,706	$3.444M	1.5%	$354.81	$357.87	-0.9%	COM	88160R101
BTC	GRAYSCALE BITCOIN MINI TR ET	90,100	$3.329M	1.4%	$36.95	$31.48	+17.4%	SHS NEW	389930207
SKHY	SK HYNIX INC	15,207	$2.882M	1.3%	$189.50 *	$165.41	+11.3%	AMERICAN DEPOSIT	78392B206
ASX	ASE TECHNOLOGY HLDG CO LTD	42,648	$2.024M	0.9%	$47.45 *	$39.17	+13.5%	SPONSORED ADS	00215W100
ORCL	ORACLE CORP	13,912	$1.91M	0.8%	$137.30	$141.09	-2.7%	COM	68389X105
ANET	ARISTA NETWORKS INC	7,855	$1.599M	0.7%	$203.59	$188.22	+8.2%	COM SHS	040413205
IVV	ISHARES TR	1,959	$1.5M	0.7%	$765.85	$763.10	+0.4%	CORE S&P500 ETF	464287200
UMC	UNITED MICROELECTRONICS CORP	56,762	$1.491M	0.6%	$26.27 *	$21.38	+14.6%	SPON ADR NEW	910873405
CRM	SALESFORCE INC	6,073	$1.394M	0.6%	$229.57	$206.28	+11.3%	COM	79466L302
MSFT	MICROSOFT CORP	2,684	$1.377M	0.6%	$512.90	$462.46	+10.9%	COM	594918104
SHOP	SHOPIFY INC	9,171	$1.36M	0.6%	$148.30	$135.71	+9.3%	CL A SUB VTG SHS	82509L107
DELL	DELL TECHNOLOGIES INC	2,439	$1.312M	0.6%	$537.95	$469.71	+14.5%	CL C	24703L202
TRGP	TARGA RES CORP	4,786	$1.294M	0.6%	$270.31	$279.93	-3.4%	COM	87612G101
NET	CLOUDFLARE INC	3,701	$1.285M	0.6%	$347.28	$296.24	+17.2%	CL A COM	18915M107
FTNT	FORTINET INC	7,155	$1.279M	0.6%	$178.76	$162.13	+10.3%	COM	34959E109
WMB	WILLIAMS COS INC	18,489	$1.257M	0.5%	$67.97	$72.74	-6.6%	COM	969457100
BLK	BLACKROCK INC	1,128	$1.194M	0.5%	$1058.29	$1092.14	-3.1%	COM	09290D101
CVE	CENOVUS ENERGY INC	34,897	$1.085M	0.5%	$31.08	$30.17	+3.0%	COM	15135U109
SNOW	SNOWFLAKE INC	2,740	$930K	0.4%	$339.56	$308.95	+9.9%	COM SHS	833445109
COF	CAPITAL ONE FINL CORP	4,674	$902K	0.4%	$193.07	$209.84	-8.0%	COM	14040H105
SPCX	SPACE EXPLORATION TECHN CORP	5,831	$880K	0.4%	$150.86	$138.41	+9.0%	CLASS A COM STK	84615Q103
NTES	NETEASE COM INC	7,363	$863K	0.4%	$117.21 *	$124.52	-2.7%	SPONSORED ADS	64110W102
BE	BLOOM ENERGY CORP	2,930	$812K	0.4%	$276.98	$236.23	+17.2%	COM CL A	093712107
HDB	HDFC BANK LTD	35,516	$793K	0.3%	$22.34	$23.78	-6.0%	SPONSORED ADS	40415F101
ZTO	ZTO EXPRESS CAYMAN INC	36,412	$710K	0.3%	$19.50	$22.26	-12.7%	SPONSORED ADS A	98980A105
PANW	PALO ALTO NETWORKS INC	1,727	$686K	0.3%	$397.31	$355.85	+11.6%	COM	697435105
DDOG	DATADOG INC	2,494	$683K	0.3%	$273.85	$247.32	+10.7%	CL A COM	23804L103
APP	APPLOVIN CORP	2,278	$662K	0.3%	$290.43	$368.24	-21.1%	COM CL A	03831W108
CHT	CHUNGHWA TELECOM CO LTD	14,303	$660K	0.3%	$46.16	$43.49	+4.6%	SPON ADR NEW11	17133Q502
ONC	BEONE MEDICINES LTD	1,833	$656K	0.3%	$358.07 *	$341.97	+7.0%	SPONSORED ADS	07725L102
HOOD	ROBINHOOD MKTS INC	5,810	$654K	0.3%	$112.50	$106.17	+6.0%	COM CL A	770700102
ICE	INTERCONTINENTAL EXCHANGE IN	4,280	$651K	0.3%	$152.03	$151.02	+0.7%	COM	45866F104
REGN	REGENERON PHARMACEUTICALS	850	$645K	0.3%	$758.27	$755.67	+0.3%	COM	75886F107
BX	BLACKSTONE INC	5,518	$619K	0.3%	$112.09	$130.83	-14.3%	COM	09260D107
XOM	EXXONMOBIL HOLDINGS CORP	3,693	$601K	0.3%	$162.75	$162.75	—	COM SHS	30233Q108
MPWR	MONOLITHIC PWR SYS INC	430	$579K	0.3%	$1347.22	$1310.20	+2.8%	COM	609839105
CVX	CHEVRON CORPORATION	2,836	$579K	0.3%	$204.21	$196.91	+3.7%	COM	166764100
PKX	POSCO HOLDINGS INC	9,764	$562K	0.2%	$57.59 *	$56.26	+0.3%	SPONSORED ADR	693483109
IBN	ICICI BK LTD	20,237	$555K	0.2%	$27.44	$29.41	-6.3%	ADR	45104G104
DASH	DOORDASH INC	2,928	$537K	0.2%	$183.55	$201.89	-9.1%	CL A	25809K105
RTX	RTX CORPORATION	2,807	$521K	0.2%	$185.65	$204.71	-9.3%	COM	75513E101
AXON	AXON ENTERPRISE INC	1,196	$505K	0.2%	$422.52	$540.08	-21.8%	COM	05464C101
VALE	VALE S A	35,735	$492K	0.2%	$13.76 *	$14.56	-7.9%	SPONSORED ADS	91912E105
ETN	EATON CORP PLC	1,136	$488K	0.2%	$429.71	$417.34	+3.0%	SHS	G29183103
ABNB	AIRBNB INC	3,036	$488K	0.2%	$160.65	$163.96	-2.0%	COM CL A	009066101
ALAB	ASTERA LABS INC	1,341	$477K	0.2%	$355.97	$321.68	+10.7%	COM	04626A103
KB	KB FINL GROUP INC	3,826	$474K	0.2%	$123.88	$121.64	+1.2%	SPONSORED ADR	48241A105
SLDE	SLIDE INS HLDGS INC	20,696	$462K	0.2%	$22.31	$22.28	+0.1%	COM	831349105
SKM	SK TELECOM CO LTD	12,242	$450K	0.2%	$36.79 *	$35.27	-1.0%	SPONSORED ADR	78440P306
HCI	HCI GROUP INC	2,571	$447K	0.2%	$173.82	$182.13	-4.6%	COM	40416E103
COP	CONOCOPHILLIPS	3,504	$439K	0.2%	$125.15	$123.91	+1.0%	COM	20825C104
PM	PHILIP MORRIS INTL INC	2,226	$425K	0.2%	$190.82	$188.94	+1.0%	COM	718172109
WM	WASTE MGMT INC DEL	2,014	$411K	0.2%	$203.92	$224.00	-9.0%	COM	94106L109
RKLB	ROCKET LAB CORP	5,782	$403K	0.2%	$69.68	$72.01	-3.2%	COM	773121108
LMT	LOCKHEED MARTIN CORP	781	$398K	0.2%	$509.25	$549.68	-7.4%	COM	539830109
SHG	SHINHAN FINANCIAL GROUP CO L	5,050	$394K	0.2%	$78.03	$75.63	+2.7%	SPN ADR RESTRD	824596100
MSTR	STRATEGY INC	2,507	$384K	0.2%	$153.09	$115.69	+32.3%	CL A NEW	594972408
NBIS	NEBIUS GROUP N.V.	1,626	$384K	0.2%	$235.88	$215.08	+9.7%	SHS CLASS A	N97284108
COIN	COINBASE GLOBAL INC	2,046	$381K	0.2%	$186.41	$169.86	+9.7%	COM CL A	19260Q107
XYZ	BLOCK INC	4,863	$358K	0.2%	$73.53	$79.60	-7.6%	CL A	852234103
APO	APOLLO GLOBAL MGMT INC	3,057	$355K	0.2%	$116.06	$126.91	-8.5%	COM	03769M106
AMX	AMERICA MOVIL SAB DE CV	16,461	$350K	0.2%	$21.29	$24.09	-12.0%	SPON ADS RP CL B	02390A101
KT	KT CORP	17,926	$340K	0.1%	$18.94	$18.81	+0.8%	SPONSORED ADR	48268K101
WF	WOORI FINL GROUP INC	4,483	$337K	0.1%	$75.21	$70.43	+7.3%	SPONSORED ADS	981064108
VEEV	VEEVA SYS INC	1,162	$332K	0.1%	$285.45	$234.97	+21.5%	CL A COM	922475108
GEV	GE VERNOVA INC	345	$328K	0.1%	$950.49	$990.98	-4.1%	COM	36828A101
ABEV	AMBEV SA	109,598	$328K	0.1%	$2.99 *	$2.98	-2.1%	SPONSORED ADR	02319V103
RNR	RENAISSANCERE HLDGS LTD	1,023	$326K	0.1%	$318.23	$323.93	-1.8%	COM	G7496G103
EQT	EQT CORP	6,651	$323K	0.1%	$48.56	$52.40	-7.3%	COM	26884L109
CVNA	CARVANA CO	5,161	$323K	0.1%	$62.54	$68.45	-8.6%	CL A	146869102
NOC	NORTHROP GRUMMAN CORP	665	$322K	0.1%	$483.48	$538.43	-10.2%	COM	666807102
PSTG	EVERPURE INC	2,433	$318K	0.1%	$130.78	$130.78	—	CL A	74624M102
ITUB	ITAU UNIBANCO HLDG S A	36,754	$316K	0.1%	$8.59	$8.07	+5.7%	SPON ADR REP PFD	465562106
PWR	QUANTA SVCS INC	481	$309K	0.1%	$642.40	$645.02	-0.4%	COM	74762E102
PBR	PETROLEO BRASILEIRO S A	13,908	$301K	0.1%	$21.65 *	$19.00	+9.9%	SPONSORED ADR	71654V408
RLI	RLI CORP	5,430	$300K	0.1%	$55.31	$61.66	-10.3%	COM	749607107
PLMR	PALOMAR HLDGS INC	2,429	$299K	0.1%	$123.29	$133.63	-7.7%	COM	69753M105
CRWV	COREWEAVE INC	3,419	$298K	0.1%	$87.12	$85.40	+2.0%	COM CL A	21873S108
RDY	DR REDDYS LABS LTD	24,177	$296K	0.1%	$12.25 *	$12.39	+1.9%	ADR	256135203
GD	GENERAL DYNAMICS CORP	891	$296K	0.1%	$331.83	$371.30	-10.6%	COM	369550108
THG	HANOVER INS GROUP INC	1,373	$294K	0.1%	$214.12	$222.49	-3.8%	COM	410867105
LHX	L3HARRIS TECHNOLOGIES INC	1,227	$291K	0.1%	$236.78	$272.22	-13.0%	COM	502431109
CIB	GRUPO CIBEST SA	3,141	$289K	0.1%	$91.91	$92.47	+0.4%	SPON ADS	40090E106
WDAY	WORKDAY INC	1,508	$287K	0.1%	$190.46	$174.21	+9.3%	CL A	98138H101
AAPL	APPLE INC	848	$282K	0.1%	$333.02	$321.20	+3.7%	COM	037833100
CRDO	CREDO TECHNOLOGY GROUP HOLDI	1,416	$276K	0.1%	$194.79	$215.32	-9.5%	ORDINARY SHARES	G25457105
ALL	ALLSTATE CORP	1,226	$272K	0.1%	$221.86	$253.58	-12.5%	COM	020002101
PGR	PROGRESSIVE CORP	1,304	$270K	0.1%	$207.31	$215.99	-4.0%	COM	743315103
SIGI	SELECTIVE INS GROUP INC	3,218	$269K	0.1%	$83.60	$92.83	-9.9%	COM	816300107
MPC	MARATHON PETE CORP	680	$269K	0.1%	$395.42	$345.71	+14.4%	COM	56585A102
VLO	VALERO ENERGY CORP	693	$269K	0.1%	$387.61	$337.53	+14.8%	COM	91913Y100
BILI	BILIBILI INC	18,570	$268K	0.1%	$14.44 *	$16.93	-11.3%	SPONS ADS REP Z	090040106
SPNT	SIRIUSPOINT LTD	11,031	$268K	0.1%	$24.25	$24.34	-0.4%	COM	G8192H106
MCY	MERCURY GENL CORP NEW	2,706	$267K	0.1%	$98.85	$104.97	-5.8%	COM	589400100
TRV	TRAVELERS COMPANIES INC	746	$266K	0.1%	$356.51	$366.16	-2.6%	COM	89417E109
INFY	INFOSYS LTD	24,025	$265K	0.1%	$11.04 *	$11.52	-6.6%	SPONSORED ADR	456788108
TCOM	TRIP COM GROUP LTD	6,943	$264K	0.1%	$38.09 *	$43.09	-9.3%	ADS	89677Q107
AFG	AMERICAN FINANCIAL GROUP INC	1,906	$261K	0.1%	$136.76	$142.46	-4.0%	COM	025932104
BCH	BANCO DE CHILE	6,768	$261K	0.1%	$38.49 *	$41.19	-2.9%	SPONSORED ADS	059520106
AIG	AMERICAN INTL GROUP INC	3,500	$260K	0.1%	$74.42	$77.27	-3.7%	COM NEW	026874784
HIG	HARTFORD INSURANCE GROUP INC	2,122	$260K	0.1%	$122.36	$137.26	-10.9%	COM	416515104
CAT	CATERPILLAR INC	318	$258K	0.1%	$810.79	$848.11	-4.4%	COM	149123101
CNA	CNA FINL CORP	5,578	$250K	0.1%	$44.88	$50.11	-10.4%	COM	126117100
FMX	FOMENTO ECONOMICO MEXICANO S	2,160	$250K	0.1%	$115.68 *	$123.09	-3.7%	SPON ADR UNITS	344419106
UTHR	UNITED THERAPEUTICS CORP DEL	461	$250K	0.1%	$541.89	$517.04	+4.8%	COM	91307C102
TDY	TELEDYNE TECHNOLOGIES INC	407	$247K	0.1%	$606.81	$635.78	-4.6%	COM	879360105
BWXT	BWX TECHNOLOGIES INC	1,778	$244K	0.1%	$137.00	$163.27	-16.1%	COM	05605H100
BSAC	BANCO SANTANDER CHILE NEW	7,559	$242K	0.1%	$31.99 *	$34.43	-3.1%	SP ADR REP COM	05965X109
PSQL	PASQAL HLDG SA	37,692	$240K	0.1%	$6.36	$9.82	-35.2%	ORDINARY SHARE	F70289107
PSX	PHILLIPS 66	936	$239K	0.1%	$255.31	$228.44	+11.8%	COM	718546104
STLD	STEEL DYNAMICS INC	1,035	$229K	0.1%	$221.61	$240.32	-7.8%	COM	858119100
BBD	BANCO BRADESCO S A	62,376	$228K	0.1%	$3.65 *	$3.43	+2.6%	SP ADR PFD NEW	059460303
AXP	AMERICAN EXPRESS CO	742	$226K	0.1%	$304.10	$334.13	-9.0%	COM	025816109
JNJ	JOHNSON & JOHNSON	848	$225K	0.1%	$264.74	$263.82	+0.3%	COM	478160104
SO	SOUTHERN CO	2,682	$222K	0.1%	$82.89	$91.12	-9.0%	COM	842587107
DUK	DUKE ENERGY CORP NEW	1,937	$221K	0.1%	$114.01	$122.50	-6.9%	COM NEW	26441C204
BEKE	KE HLDGS INC	13,383	$220K	0.1%	$16.43 *	$16.76	+0.5%	SPONSORED ADS	482497104
ITW	ILLINOIS TOOL WKS INC	848	$218K	0.1%	$257.28	$277.65	-7.3%	COM	452308109
CEG	CONSTELLATION ENERGY CORP	833	$212K	0.1%	$254.02	$267.31	-5.0%	COM	21037T109
OKTA	OKTA INC	1,000	$209K	0.1%	$209.11	$158.31	+32.1%	CL A	679295105
LNG	CHENIERE ENERGY INC	772	$208K	0.1%	$269.03	$268.85	+0.1%	COM NEW	16411R208
ASR	GRUPO AEROPORTUARIO DEL SURE	886	$208K	0.1%	$234.41	$265.53	-11.4%	SPON ADR SER B	40051E202
GFI	GOLD FIELDS LTD	5,789	$206K	0.1%	$35.62	$39.31	-8.1%	SPONSORED ADR	38059T106
RBLX	ROBLOX CORP	4,823	$204K	0.1%	$42.37	$45.37	-6.6%	CL A	771049103
GDS	GDS HLDGS LTD	7,375	$203K	0.1%	$27.57 *	$32.21	-3.0%	SPONSORED ADS	36165L108
BZ	KANZHUN LIMITED	13,637	$202K	0.1%	$14.83	$15.59	-5.1%	SPONSORED ADS	48553T106
LEDRU	LEADERS ADVANTAGE ACQUISITIO	20,000	$199K	0.1%	$9.97	$9.97	—	UNIT 08/05/2031	G54093128
XPEV	XPENG INC	20,820	$193K	0.1%	$9.25 *	$11.83	-19.2%	ADS	98422D105
CX	CEMEX SAB DE CV	19,613	$187K	0.1%	$9.53	$11.26	-15.5%	SPON ADR NEW	151290889
GGB	GERDAU SA	35,208	$176K	0.1%	$5.01 *	$4.75	-0.6%	SPON ADR REP PFD	373737105
KEP	KOREA ELEC PWR CORP	13,553	$150K	0.1%	$11.08	$11.75	-6.7%	SPONSORED ADR	500631106
OSPRU	OSPREY ACQUISITION CORP III	15,000	$149K	0.1%	$9.95	$9.95	—	UNIT 06/15/2031	G6841G123
TBCVU	THUNDER BRDG CAP PARTNERS V	15,000	$149K	0.1%	$9.92	$9.92	—	UNIT 08/06/2031	G8858A122
LI	LI AUTO INC	13,053	$140K	0.1%	$10.69 *	$12.30	-7.7%	SPONSORED ADS	50202M102
VIPS	VIPSHOP HLDGS LTD	10,490	$129K	0.1%	$12.33	$13.80	-9.3%	SPONSORED ADS A	92763W103
TKC	TURKCELL ILETISIM	20,881	$105K	0.0%	$5.04	$5.43	-9.0%	SPON ADR NEW	900111204
ENIC	ENEL CHILE SA	24,960	$104K	0.0%	$4.17	$4.41	-4.1%	SPONSORED ADR	29278D105
UGP	ULTRAPAR PARTICIPACOES SA	11,728	$87,374	0.0%	$7.45	$6.59	+11.1%	SP ADR REP COM	90400P101
BSBR	BANCO SANTANDER BRASIL S A	11,229	$60,637	0.0%	$5.40 *	$5.62	-0.9%	ADS REP 1 UNIT	05967A107
WIT	WIPRO LTD	33,711	$57,983	0.0%	$1.72 *	$1.84	-10.1%	SPON ADR 1 SH	97651M109
EVLV	EVOLV TECHNOLOGIES HLDNGS IN	11,029	$51,285	0.0%	$4.65	$5.45	-14.6%	COM CL A	30049H102
BBAI	BIGBEAR AI HLDGS INC	17,523	$46,436	0.0%	$2.65	$3.01	-12.1%	COM	08975B109
CIG	CIA ENERGETICA DE MINAS GERA	20,393	$43,845	0.0%	$2.15 *	$2.09	+0.4%	SP ADR N-V PFD	204409601
KEEL	KEEL INFRASTRUCTURE CORP	10,886	$38,428	0.0%	$3.53	$3.84	-8.1%	COM SHS	486917107
GOGO	GOGO INC	16,810	$36,142	0.0%	$2.15	$3.10	-30.7%	COM	38046C109

Increased Positions (29)

TSM TAIWAN SEMICONDUCTOR MANUFAC 3.6%

Value $8.21M (+497.5%) Shares 17,479 (+507.5%) Share Price $469.71 * Est. Cost/Share $404.03 Unrealized @ Report Date +12.9%

NVDA NVIDIA CORPORATION 2.2%

Value $5.146M (+522.2%) Shares 22,531 (+445.1%) Share Price $228.38 Est. Cost/Share $206.02 Unrealized @ Report Date +10.9%

EZBC FRANKLIN TEMPLETON DIGITAL H 1.7%

Value $3.989M (+193.4%) Shares 81,545 (+103.3%) Share Price $48.92 Est. Cost/Share $41.30 Unrealized @ Report Date +16.9%

IGSB ISHARES TR 0.9%

Value $2.091M (+125.2%) Shares 40,810 (+130.4%) Share Price $51.23 Est. Cost/Share $52.15 Unrealized @ Report Date -1.8%

FNV FRANCO NEV CORP 0.8%

Value $1.742M (+163.2%) Shares 7,314 (+130.4%) Share Price $238.11 Est. Cost/Share $235.84 Unrealized @ Report Date +1.0%

KNSL KINSALE CAP GROUP INC 0.7%

Value $1.658M (+180.2%) Shares 5,136 (+186.3%) Share Price $322.75 Est. Cost/Share $346.05 Unrealized @ Report Date -6.7%

SKWD SKYWARD SPECIALTY INS GROUP 0.7%

Value $1.641M (+148.5%) Shares 31,080 (+174.7%) Share Price $52.80 Est. Cost/Share $54.42 Unrealized @ Report Date -3.0%

SHY ISHARES TR 0.7%

Value $1.721M (+127.9%) Shares 21,200 (+130.4%) Share Price $81.20 Est. Cost/Share $81.95 Unrealized @ Report Date -0.9%

AEVA AEVA TECHNOLOGIES INC 0.4%

Value $875K (-50.4%) Shares 62,343 (+1.4%) Share Price $14.04 Est. Cost/Share $19.66 Unrealized @ Report Date -28.6%

WRB BERKLEY W R CORP 0.6%

Value $1.393M (+171.7%) Shares 20,621 (+183.7%) Share Price $67.54 Est. Cost/Share $69.30 Unrealized @ Report Date -2.5%

GLD SPDR GOLD TR 0.7%

Value $1.538M (+113.9%) Shares 4,019 (+105.9%) Share Price $382.76 Est. Cost/Share $402.33 Unrealized @ Report Date -5.3%

CB CHUBB LIMITED 0.5%

Value $1.205M (+184.8%) Shares 3,706 (+198.4%) Share Price $325.25 Est. Cost/Share $338.85 Unrealized @ Report Date -4.0%

AXS AXIS CAP HLDGS LTD 0.6%

Value $1.388M (+102.0%) Shares 14,734 (+130.4%) Share Price $94.20 Est. Cost/Share $102.38 Unrealized @ Report Date -8.0%

KO COCA COLA CO 0.4%

Value $821K (+185.3%) Shares 9,540 (+169.3%) Share Price $86.08 Est. Cost/Share $83.85 Unrealized @ Report Date +2.7%

GOOG ALPHABET INC 0.6%

Value $1.265M (+46.4%) Shares 3,713 (+51.9%) Share Price $340.74 Est. Cost/Share $230.41 Unrealized @ Report Date +47.9%

NU NU HLDGS LTD 0.3%

Value $614K (+126.2%) Shares 47,316 (+132.9%) Share Price $12.97 * Est. Cost/Share $15.05 Unrealized @ Report Date -15.9%

NVR NVR INC 0.3%

Value $652K (+108.1%) Shares 106 (+130.4%) Share Price $6154.39 Est. Cost/Share $6347.77 Unrealized @ Report Date -3.0%

HSY HERSHEY CO 0.2%

Value $564K (+111.7%) Shares 3,577 (+135.6%) Share Price $157.61 Est. Cost/Share $181.44 Unrealized @ Report Date -13.1%

WELL WELLTOWER INC 0.5%

Value $1.217M (+30.4%) Shares 5,285 (+28.5%) Share Price $230.24 Est. Cost/Share $143.65 Unrealized @ Report Date —

MKL MARKEL GROUP INC 0.2%

Value $545K (+102.1%) Shares 318 (+130.4%) Share Price $1712.45 Est. Cost/Share $1861.93 Unrealized @ Report Date -8.0%

LLY ELI LILLY & CO 0.6%

Value $1.348M (+24.9%) Shares 1,165 (+29.4%) Share Price $1157.08 Est. Cost/Share $1017.06 Unrealized @ Report Date +13.8%

UNP UNION PAC CORP 0.2%

Value $465K (+117.8%) Shares 1,709 (+117.7%) Share Price $272.13 Est. Cost/Share $277.82 Unrealized @ Report Date -2.0%

EQIX EQUINIX INC 0.4%

Value $949K (+32.7%) Shares 938 (+36.7%) Share Price $1011.58 Est. Cost/Share $1034.11 Unrealized @ Report Date —

PH PARKER-HANNIFIN CORP 0.4%

Value $1.033M (+20.4%) Shares 1,081 (+23.3%) Share Price $955.42 Est. Cost/Share $676.69 Unrealized @ Report Date +41.2%

CPNG COUPANG INC 0.2%

Value $348K (+84.6%) Shares 25,185 (+131.9%) Share Price $13.82 Est. Cost/Share $16.90 Unrealized @ Report Date -17.9%

PLD PROLOGIS INC. 0.4%

Value $890K (+8.8%) Shares 6,856 (+13.5%) Share Price $129.84 Est. Cost/Share $114.81 Unrealized @ Report Date —

RY ROYAL BK CDA 0.4%

Value $968K (+3.0%) Shares 4,923 (+8.4%) Share Price $196.59 Est. Cost/Share $120.16 Unrealized @ Report Date +63.6%

SHMD SCHMID GROUP N.V. 0.0%

Value $55,560 (-14.9%) Shares 11,432 (+9.6%) Share Price $4.86 Est. Cost/Share $5.97 Unrealized @ Report Date -18.5%

MS MORGAN STANLEY 0.4%

Value $908K (+0.6%) Shares 4,827 (+11.8%) Share Price $188.08 Est. Cost/Share $171.33 Unrealized @ Report Date +9.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFAC	17,479 (+507.5%)	$8.21M (+497.5%)	3.6%	$469.71 *	$404.03	+12.9%	SPONSORED ADS	874039100
NVDA	NVIDIA CORPORATION	22,531 (+445.1%)	$5.146M (+522.2%)	2.2%	$228.38	$206.02	+10.9%	COM	67066G104
EZBC	FRANKLIN TEMPLETON DIGITAL H	81,545 (+103.3%)	$3.989M (+193.4%)	1.7%	$48.92	$41.30	+16.9%	BITCOIN ETF SHS	354921108
IGSB	ISHARES TR	40,810 (+130.4%)	$2.091M (+125.2%)	0.9%	$51.23	$52.15	-1.8%	ISHS 1-5YR INVS	464288646
FNV	FRANCO NEV CORP	7,314 (+130.4%)	$1.742M (+163.2%)	0.8%	$238.11	$235.84	+1.0%	COM	351858105
KNSL	KINSALE CAP GROUP INC	5,136 (+186.3%)	$1.658M (+180.2%)	0.7%	$322.75	$346.05	-6.7%	COM	49714P108
SKWD	SKYWARD SPECIALTY INS GROUP	31,080 (+174.7%)	$1.641M (+148.5%)	0.7%	$52.80	$54.42	-3.0%	COM	830940102
SHY	ISHARES TR	21,200 (+130.4%)	$1.721M (+127.9%)	0.7%	$81.20	$81.95	-0.9%	1 3 YR TREAS BD	464287457
AEVA	AEVA TECHNOLOGIES INC	62,343 (+1.4%)	$875K (-50.4%)	0.4%	$14.04	$19.66	-28.6%	COM NEW	00835Q202
WRB	BERKLEY W R CORP	20,621 (+183.7%)	$1.393M (+171.7%)	0.6%	$67.54	$69.30	-2.5%	COM	084423102
GLD	SPDR GOLD TR	4,019 (+105.9%)	$1.538M (+113.9%)	0.7%	$382.76	$402.33	-5.3%	GOLD SHS	78463V107
CB	CHUBB LIMITED	3,706 (+198.4%)	$1.205M (+184.8%)	0.5%	$325.25	$338.85	-4.0%	COM	H1467J104
AXS	AXIS CAP HLDGS LTD	14,734 (+130.4%)	$1.388M (+102.0%)	0.6%	$94.20	$102.38	-8.0%	SHS	G0692U109
KO	COCA COLA CO	9,540 (+169.3%)	$821K (+185.3%)	0.4%	$86.08	$83.85	+2.7%	COM	191216100
GOOG	ALPHABET INC	3,713 (+51.9%)	$1.265M (+46.4%)	0.6%	$340.74	$230.41	+47.9%	CAP STK CL C	02079K107
NU	NU HLDGS LTD	47,316 (+132.9%)	$614K (+126.2%)	0.3%	$12.97 *	$15.05	-15.9%	ORD SHS CL A	G6683N103
NVR	NVR INC	106 (+130.4%)	$652K (+108.1%)	0.3%	$6154.39	$6347.77	-3.0%	COM	62944T105
HSY	HERSHEY CO	3,577 (+135.6%)	$564K (+111.7%)	0.2%	$157.61	$181.44	-13.1%	COM	427866108
WELL	WELLTOWER INC	5,285 (+28.5%)	$1.217M (+30.4%)	0.5%	$230.24	$143.65	—	COM	95040Q104
MKL	MARKEL GROUP INC	318 (+130.4%)	$545K (+102.1%)	0.2%	$1712.45	$1861.93	-8.0%	COM	570535104
LLY	ELI LILLY & CO	1,165 (+29.4%)	$1.348M (+24.9%)	0.6%	$1157.08	$1017.06	+13.8%	COM	532457108
UNP	UNION PAC CORP	1,709 (+117.7%)	$465K (+117.8%)	0.2%	$272.13	$277.82	-2.0%	COM	907818108
EQIX	EQUINIX INC	938 (+36.7%)	$949K (+32.7%)	0.4%	$1011.58	$1034.11	—	COM	29444U700
PH	PARKER-HANNIFIN CORP	1,081 (+23.3%)	$1.033M (+20.4%)	0.4%	$955.42	$676.69	+41.2%	COM	701094104
CPNG	COUPANG INC	25,185 (+131.9%)	$348K (+84.6%)	0.2%	$13.82	$16.90	-17.9%	CL A	22266T109
PLD	PROLOGIS INC.	6,856 (+13.5%)	$890K (+8.8%)	0.4%	$129.84	$114.81	—	COM	74340W103
RY	ROYAL BK CDA	4,923 (+8.4%)	$968K (+3.0%)	0.4%	$196.59	$120.16	+63.6%	COM	780087102
SHMD	SCHMID GROUP N.V.	11,432 (+9.6%)	$55,560 (-14.9%)	0.0%	$4.86	$5.97	-18.5%	EURO SHS CL A	N68722102
MS	MORGAN STANLEY	4,827 (+11.8%)	$908K (+0.6%)	0.4%	$188.08	$171.33	+9.8%	COM NEW	617446448

Exited Positions (14)

AMD ADVANCED MICRO DEVICES INC 0.5%

Value $1.075M Shares 1,850 Share Price $580.91 * Est. Cost/Share $409.99 Unrealized @ Report Date +49.2%

FHYS FEDERATED HERMES ETF TRUST 0.4%

Value $955K Shares 41,446 Share Price $23.04 * Est. Cost/Share $23.13 Unrealized @ Report Date -2.9%

AVGO BROADCOM INC 0.4%

Value $882K Shares 2,335 Share Price $377.75 * Est. Cost/Share $226.93 Unrealized @ Report Date +54.8%

COST COSTCO WHOLESALE CORPORATION 0.4%

Value $832K Shares 889 Share Price $935.47 * Est. Cost/Share $883.88 Unrealized @ Report Date +3.0%

JPM JPMORGAN CHASE & CO 0.3%

Value $783K Shares 2,391 Share Price $327.33 Est. Cost/Share $212.47 Unrealized @ Report Date +55.7%

V VISA INC 0.3%

Value $746K Shares 2,175 Share Price $343.09 * Est. Cost/Share $302.54 Unrealized @ Report Date +18.8%

BN BROOKFIELD CORP 0.3%

Value $717K Shares 16,830 Share Price $42.59 * Est. Cost/Share $36.69 Unrealized @ Report Date -0.6%

MA MASTERCARD INCORPORATED 0.3%

Value $693K Shares 1,349 Share Price $513.60 * Est. Cost/Share $501.41 Unrealized @ Report Date +10.0%

HCA HCA HEALTHCARE INC 0.3%

Value $642K Shares 1,646 Share Price $389.89 * Est. Cost/Share $330.60 Unrealized @ Report Date +29.1%

BBCQU BLEICHROEDER ACQUISITI CORP 0.2%

Value $415K Shares 37,692 Share Price $11.01 Est. Cost/Share $10.34 Unrealized @ Report Date —

MMTX MILUNA ACQUISITION CORP 0.1%

Value $202K Shares 20,000 Share Price $10.10 Est. Cost/Share $10.10 Unrealized @ Report Date —

GIX GIGCAPITAL9 CORP 0.1%

Value $199K Shares 20,000 Share Price $9.93 Est. Cost/Share $9.93 Unrealized @ Report Date —

MEVOU M EVO GBL ACQUISITION CORP I 0.0%

Value $109K Shares 10,769 Share Price $10.10 Est. Cost/Share $10.02 Unrealized @ Report Date —

LEGO/U LEGATO MERGER CORP IV 0.0%

Value $108K Shares 10,769 Share Price $10.03 Est. Cost/Share $9.98 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AMD	ADVANCED MICRO DEVICES INC	1,850	$1.075M	0.5%	$580.91 *	$409.99	+49.2%	—	007903107
FHYS	FEDERATED HERMES ETF TRUST	41,446	$955K	0.4%	$23.04 *	$23.13	-2.9%	—	31423L206
AVGO	BROADCOM INC	2,335	$882K	0.4%	$377.75 *	$226.93	+54.8%	—	11135F101
COST	COSTCO WHOLESALE CORPORATION	889	$832K	0.4%	$935.47 *	$883.88	+3.0%	—	22160K105
JPM	JPMORGAN CHASE & CO	2,391	$783K	0.3%	$327.33	$212.47	+55.7%	—	46625H100
V	VISA INC	2,175	$746K	0.3%	$343.09 *	$302.54	+18.8%	—	92826C839
BN	BROOKFIELD CORP	16,830	$717K	0.3%	$42.59 *	$36.69	-0.6%	—	11271J107
MA	MASTERCARD INCORPORATED	1,349	$693K	0.3%	$513.60 *	$501.41	+10.0%	—	57636Q104
HCA	HCA HEALTHCARE INC	1,646	$642K	0.3%	$389.89 *	$330.60	+29.1%	—	40412C101
BBCQU	BLEICHROEDER ACQUISITI CORP	37,692	$415K	0.2%	$11.01	$10.34	—	—	G1170E120
MMTX	MILUNA ACQUISITION CORP	20,000	$202K	0.1%	$10.10	$10.10	—	—	G6180J100
GIX	GIGCAPITAL9 CORP	20,000	$199K	0.1%	$9.93	$9.93	—	—	G3865B114
MEVOU	M EVO GBL ACQUISITION CORP I	10,769	$109K	0.0%	$10.10	$10.02	—	—	G6071J128
LEGO/U	LEGATO MERGER CORP IV	10,769	$108K	0.0%	$10.03	$9.98	—	—	G7318R121

Decreased Positions (34)

IPGP IPG PHOTONICS CORP 3.0%

Value $6.94M (-35.3%) Shares 88,660 (-3.0%) Share Price $78.28 Est. Cost/Share $114.89 Unrealized @ Report Date -31.9%

LASR NLIGHT INC 1.5%

Value $3.466M (-45.7%) Shares 89,007 (-2.9%) Share Price $38.95 Est. Cost/Share $69.77 Unrealized @ Report Date -44.2%

CIEN CIENA CORP 2.3%

Value $5.337M (-30.4%) Shares 15,171 (-2.9%) Share Price $351.82 Est. Cost/Share $509.94 Unrealized @ Report Date -31.0%

AAOI APPLIED OPTOELECTRONICS INC 1.7%

Value $3.904M (-34.9%) Shares 39,328 (-2.9%) Share Price $99.26 Est. Cost/Share $162.55 Unrealized @ Report Date -38.9%

ONTO ONTO INNOVATION INC 0.7%

Value $1.717M (-54.7%) Shares 5,578 (-44.3%) Share Price $307.82 Est. Cost/Share $282.99 Unrealized @ Report Date +8.8%

AMAT APPLIED MATLS INC 0.5%

Value $1.148M (-64.1%) Shares 2,244 (-49.2%) Share Price $511.38 Est. Cost/Share $461.39 Unrealized @ Report Date +10.8%

MU MICRON TECHNOLOGY INC 1.2%

Value $2.666M (-42.1%) Shares 2,503 (-37.3%) Share Price $1065.11 Est. Cost/Share $749.89 Unrealized @ Report Date +42.0%

COHR COHERENT CORP 2.0%

Value $4.57M (-28.7%) Shares 15,877 (-2.3%) Share Price $287.81 Est. Cost/Share $353.72 Unrealized @ Report Date -18.6%

FN FABRINET 1.6%

Value $3.634M (-33.5%) Shares 8,565 (-11.9%) Share Price $424.27 Est. Cost/Share $644.49 Unrealized @ Report Date -34.2%

LRCX LAM RESEARCH CORP 0.6%

Value $1.278M (-47.2%) Shares 3,890 (-30.4%) Share Price $328.51 Est. Cost/Share $303.56 Unrealized @ Report Date +8.2%

AMKR AMKOR TECHNOLOGY INC 0.5%

Value $1.056M (-52.0%) Shares 20,154 (-20.9%) Share Price $52.38 Est. Cost/Share $71.27 Unrealized @ Report Date -26.5%

PENG PENGUIN SOLUTIONS INC 0.7%

Value $1.519M (-41.3%) Shares 27,772 (-18.5%) Share Price $54.69 Est. Cost/Share $45.49 Unrealized @ Report Date +20.2%

SIMO SILICON MOTION TECHNOLOGY CO 0.5%

Value $1.068M (-49.2%) Shares 3,816 (-39.5%) Share Price $280.00 Est. Cost/Share $231.68 Unrealized @ Report Date +20.9%

ASML ASML HLDG NV 1.0%

Value $2.355M (-28.7%) Shares 1,300 (-21.7%) Share Price $1811.67 Est. Cost/Share $1591.72 Unrealized @ Report Date +13.8%

KLAC KLA CORP 0.5%

Value $1.113M (-45.3%) Shares 5,710 (-15.4%) Share Price $194.93 Est. Cost/Share $1501.82 Unrealized @ Report Date -87.0%

LITE LUMENTUM HLDGS INC 4.7%

Value $10.71M (+9.0%) Shares 11,028 (-3.7%) Share Price $971.26 Est. Cost/Share $892.05 Unrealized @ Report Date +8.9%

POET POET TECHNOLOGIES INC 0.9%

Value $2.04M (-29.3%) Shares 272,664 (-2.8%) Share Price $7.48 Est. Cost/Share $10.89 Unrealized @ Report Date -31.3%

SNDK SANDISK CORP 0.6%

Value $1.291M (-37.6%) Shares 742 (-18.5%) Share Price $1739.89 Est. Cost/Share $1427.50 Unrealized @ Report Date +21.9%

VIAV VIAVI SOLUTIONS INC 2.0%

Value $4.501M (-14.7%) Shares 107,377 (-2.9%) Share Price $41.92 Est. Cost/Share $47.91 Unrealized @ Report Date -12.5%

NVMI NOVA LTD 0.4%

Value $898K (-42.2%) Shares 2,332 (-18.5%) Share Price $385.20 Est. Cost/Share $513.96 Unrealized @ Report Date -25.1%

RMBS RAMBUS INC DEL 0.5%

Value $1.199M (-31.9%) Shares 11,227 (-15.3%) Share Price $106.76 Est. Cost/Share $130.04 Unrealized @ Report Date -17.9%

VECO VEECO INSTRS INC DEL 0.3%

Value $710K (-44.2%) Shares 13,674 (-18.5%) Share Price $51.90 Est. Cost/Share $57.02 Unrealized @ Report Date -9.0%

NEE NEXTERA ENERGY INC 0.1%

Value $224K (-69.4%) Shares 2,962 (-64.6%) Share Price $75.74 Est. Cost/Share $88.93 Unrealized @ Report Date -14.8%

LWLG LIGHTWAVE LOGIC INC 0.2%

Value $526K (-48.6%) Shares 105,131 (-2.7%) Share Price $5.00 Est. Cost/Share $11.71 Unrealized @ Report Date -57.3%

WCN WASTE CONNECTIONS INC 0.1%

Value $302K (-58.5%) Shares 1,965 (-55.1%) Share Price $153.93 Est. Cost/Share $174.01 Unrealized @ Report Date -11.5%

CAMT CAMTEK LTD 0.6%

Value $1.432M (-22.4%) Shares 9,222 (-18.5%) Share Price $155.25 Est. Cost/Share $177.28 Unrealized @ Report Date -12.4%

NOVT NOVANTA INC 0.9%

Value $2.077M (-13.5%) Shares 14,605 (-1.3%) Share Price $142.19 Est. Cost/Share $144.62 Unrealized @ Report Date -1.7%

WDC WESTERN DIGITAL CORP 0.2%

Value $434K (-42.0%) Shares 954 (-18.5%) Share Price $454.46 Est. Cost/Share $486.23 Unrealized @ Report Date -6.5%

FORM FORMFACTOR INC 0.3%

Value $695K (-16.5%) Shares 4,652 (-10.5%) Share Price $149.31 Est. Cost/Share $132.67 Unrealized @ Report Date +12.5%

PLAB PHOTRONICS INC 0.6%

Value $1.474M (-8.0%) Shares 47,896 (-2.8%) Share Price $30.78 Est. Cost/Share $42.31 Unrealized @ Report Date -27.3%

MRAM EVERSPIN TECHNOLOGIES INC 0.1%

Value $186K (-37.8%) Shares 10,070 (-18.5%) Share Price $18.44 Est. Cost/Share $22.41 Unrealized @ Report Date -17.7%

STX SEAGATE TECHNOLOGY HLDNGS PL 0.1%

Value $293K (-22.1%) Shares 318 (-18.5%) Share Price $922.34 Est. Cost/Share $762.82 Unrealized @ Report Date +20.9%

MELI MERCADOLIBRE INC 0.3%

Value $618K (-2.5%) Shares 364 (-2.4%) Share Price $1696.56 Est. Cost/Share $1707.75 Unrealized @ Report Date +1.2%

AU ANGLOGOLD ASHANTI PLC 0.1%

Value $268K (-0.6%) Shares 2,820 (-15.3%) Share Price $94.92 Est. Cost/Share $94.96 Unrealized @ Report Date -1.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
IPGP	IPG PHOTONICS CORP	88,660 (-3.0%)	$6.94M (-35.3%)	3.0%	$78.28	$114.89	-31.9%	COM	44980X109
LASR	NLIGHT INC	89,007 (-2.9%)	$3.466M (-45.7%)	1.5%	$38.95	$69.77	-44.2%	COM	65487K100
CIEN	CIENA CORP	15,171 (-2.9%)	$5.337M (-30.4%)	2.3%	$351.82	$509.94	-31.0%	COM NEW	171779309
AAOI	APPLIED OPTOELECTRONICS INC	39,328 (-2.9%)	$3.904M (-34.9%)	1.7%	$99.26	$162.55	-38.9%	COM	03823U102
ONTO	ONTO INNOVATION INC	5,578 (-44.3%)	$1.717M (-54.7%)	0.7%	$307.82	$282.99	+8.8%	COM	683344105
AMAT	APPLIED MATLS INC	2,244 (-49.2%)	$1.148M (-64.1%)	0.5%	$511.38	$461.39	+10.8%	COM	038222105
MU	MICRON TECHNOLOGY INC	2,503 (-37.3%)	$2.666M (-42.1%)	1.2%	$1065.11	$749.89	+42.0%	COM	595112103
COHR	COHERENT CORP	15,877 (-2.3%)	$4.57M (-28.7%)	2.0%	$287.81	$353.72	-18.6%	COM	19247G107
FN	FABRINET	8,565 (-11.9%)	$3.634M (-33.5%)	1.6%	$424.27	$644.49	-34.2%	SHS	G3323L100
LRCX	LAM RESEARCH CORP	3,890 (-30.4%)	$1.278M (-47.2%)	0.6%	$328.51	$303.56	+8.2%	COM NEW	512807306
AMKR	AMKOR TECHNOLOGY INC	20,154 (-20.9%)	$1.056M (-52.0%)	0.5%	$52.38	$71.27	-26.5%	COM	031652100
PENG	PENGUIN SOLUTIONS INC	27,772 (-18.5%)	$1.519M (-41.3%)	0.7%	$54.69	$45.49	+20.2%	COM	706915105
SIMO	SILICON MOTION TECHNOLOGY CO	3,816 (-39.5%)	$1.068M (-49.2%)	0.5%	$280.00	$231.68	+20.9%	SPONSORED ADR	82706C108
ASML	ASML HLDG NV	1,300 (-21.7%)	$2.355M (-28.7%)	1.0%	$1811.67	$1591.72	+13.8%	N Y REGISTRY SHS	N07059210
KLAC	KLA CORP	5,710 (-15.4%)	$1.113M (-45.3%)	0.5%	$194.93	$1501.82	-87.0%	COM NEW	482480100
LITE	LUMENTUM HLDGS INC	11,028 (-3.7%)	$10.71M (+9.0%)	4.7%	$971.26	$892.05	+8.9%	COM	55024U109
POET	POET TECHNOLOGIES INC	272,664 (-2.8%)	$2.04M (-29.3%)	0.9%	$7.48	$10.89	-31.3%	COM NEW	73044W302
SNDK	SANDISK CORP	742 (-18.5%)	$1.291M (-37.6%)	0.6%	$1739.89	$1427.50	+21.9%	COM	80004C200
VIAV	VIAVI SOLUTIONS INC	107,377 (-2.9%)	$4.501M (-14.7%)	2.0%	$41.92	$47.91	-12.5%	COM	925550105
NVMI	NOVA LTD	2,332 (-18.5%)	$898K (-42.2%)	0.4%	$385.20	$513.96	-25.1%	COM	M7516K103
RMBS	RAMBUS INC DEL	11,227 (-15.3%)	$1.199M (-31.9%)	0.5%	$106.76	$130.04	-17.9%	COM	750917106
VECO	VEECO INSTRS INC DEL	13,674 (-18.5%)	$710K (-44.2%)	0.3%	$51.90	$57.02	-9.0%	COM	922417100
NEE	NEXTERA ENERGY INC	2,962 (-64.6%)	$224K (-69.4%)	0.1%	$75.74	$88.93	-14.8%	COM	65339F101
LWLG	LIGHTWAVE LOGIC INC	105,131 (-2.7%)	$526K (-48.6%)	0.2%	$5.00	$11.71	-57.3%	COM	532275104
WCN	WASTE CONNECTIONS INC	1,965 (-55.1%)	$302K (-58.5%)	0.1%	$153.93	$174.01	-11.5%	COM	94106B101
CAMT	CAMTEK LTD	9,222 (-18.5%)	$1.432M (-22.4%)	0.6%	$155.25	$177.28	-12.4%	ORD	M20791105
NOVT	NOVANTA INC	14,605 (-1.3%)	$2.077M (-13.5%)	0.9%	$142.19	$144.62	-1.7%	COM	67000B104
WDC	WESTERN DIGITAL CORP	954 (-18.5%)	$434K (-42.0%)	0.2%	$454.46	$486.23	-6.5%	COM	958102105
FORM	FORMFACTOR INC	4,652 (-10.5%)	$695K (-16.5%)	0.3%	$149.31	$132.67	+12.5%	COM	346375108
PLAB	PHOTRONICS INC	47,896 (-2.8%)	$1.474M (-8.0%)	0.6%	$30.78	$42.31	-27.3%	COM	719405102
MRAM	EVERSPIN TECHNOLOGIES INC	10,070 (-18.5%)	$186K (-37.8%)	0.1%	$18.44	$22.41	-17.7%	COM	30041T104
STX	SEAGATE TECHNOLOGY HLDNGS PL	318 (-18.5%)	$293K (-22.1%)	0.1%	$922.34	$762.82	+20.9%	ORD SHS	G7997R103
MELI	MERCADOLIBRE INC	364 (-2.4%)	$618K (-2.5%)	0.3%	$1696.56	$1707.75	+1.2%	COM	58733R102
AU	ANGLOGOLD ASHANTI PLC	2,820 (-15.3%)	$268K (-0.6%)	0.1%	$94.92	$94.96	-1.1%	COM SHS	G0378L100

Unchanged Positions (39)

MKSI MKS INC. 1.0%

Value $2.403M Shares 9,055 Share Price $265.36 Est. Cost/Share $312.92 Unrealized @ Report Date -15.2%

CEPO CANTOR EQUITY PARTNERS I INC 0.1%

Value $233K Shares 21,608 Share Price $10.77 Est. Cost/Share $11.03 Unrealized @ Report Date -2.3%

AMZN AMAZON COM INC 0.4%

Value $824K Shares 3,308 Share Price $249.15 Est. Cost/Share $197.57 Unrealized @ Report Date +26.1%

AME AMETEK INC 0.3%

Value $754K Shares 3,044 Share Price $247.73 Est. Cost/Share $230.36 Unrealized @ Report Date +7.5%

CP CANADIAN PACIFIC KANSAS CITY 0.4%

Value $892K Shares 10,487 Share Price $85.10 Est. Cost/Share $76.91 Unrealized @ Report Date +10.6%

PDD PDD HOLDINGS INC 0.4%

Value $932K Shares 12,370 Share Price $75.38 * Est. Cost/Share $92.38 Unrealized @ Report Date -15.6%

CEPS CANTOR EQUITY PARTNERS VI IN 0.1%

Value $330K Shares 32,308 Share Price $10.20 Est. Cost/Share $10.13 Unrealized @ Report Date +1.7%

SSAC SPACSPHERE ACQUISITION CORP 0.1%

Value $203K Shares 20,000 Share Price $10.15 Est. Cost/Share $9.95 Unrealized @ Report Date +1.8%

ITHAU ITHAX ACQUISITION CORP III 0.0%

Value $111K Shares 10,769 Share Price $10.35 Est. Cost/Share $9.98 Unrealized @ Report Date —

MBAV VELOS ACQUISITION I CORP 0.1%

Value $230K Shares 21,538 Share Price $10.68 Est. Cost/Share $10.94 Unrealized @ Report Date -2.4%

PAACU PROEM ACQUISITION CORP I 0.1%

Value $166K Shares 16,154 Share Price $10.26 Est. Cost/Share $9.99 Unrealized @ Report Date —

KOYN CSLM DIGITA ASSET ACQ CORP I 0.1%

Value $206K Shares 20,000 Share Price $10.28 Est. Cost/Share $10.11 Unrealized @ Report Date +1.6%

FGII FG IMPERII ACQUISITION CORP 0.2%

Value $350K Shares 35,000 Share Price $10.01 Est. Cost/Share $9.91 Unrealized @ Report Date +1.1%

MACI MELAR ACQUISITION CORP. I 0.1%

Value $178K Shares 16,154 Share Price $11.04 Est. Cost/Share $10.04 Unrealized @ Report Date +10.5%

NPAC NEW PROVIDENCE ACQUISITION C 0.1%

Value $210K Shares 20,000 Share Price $10.49 Est. Cost/Share $10.33 Unrealized @ Report Date +1.9%

TWLV TWELVE SEAS INVT CO III 0.1%

Value $286K Shares 28,462 Share Price $10.06 Est. Cost/Share $9.96 Unrealized @ Report Date +1.2%

CAQUU CAMBRIDGE ACQUISITION CORP 0.1%

Value $163K Shares 16,154 Share Price $10.07 Est. Cost/Share $9.96 Unrealized @ Report Date —

DMII DRUGS MADE IN AMER ACQ II CO 0.0%

Value $110K Shares 10,769 Share Price $10.19 Est. Cost/Share $10.04 Unrealized @ Report Date +1.4%

BIDWU TRIBECA STRATEGIC ACQUISITIO 0.1%

Value $269K Shares 26,923 Share Price $10.00 Est. Cost/Share $9.95 Unrealized @ Report Date —

ARTC ART TECHNOLOGY ACQUISITION C 0.1%

Value $215K Shares 21,538 Share Price $9.99 Est. Cost/Share $9.88 Unrealized @ Report Date +1.3%

AACPU APOGEE ACQUISITION CORP 0.1%

Value $221K Shares 21,538 Share Price $10.28 Est. Cost/Share $10.23 Unrealized @ Report Date —

ARTCU ART TECHNOLOGY ACQUISITION C 0.1%

Value $270K Shares 26,923 Share Price $10.02 Est. Cost/Share $9.91 Unrealized @ Report Date —

WENC/U WEST ENCLAVE MERGER CORP 0.1%

Value $245K Shares 24,231 Share Price $10.12 Est. Cost/Share $10.08 Unrealized @ Report Date —

AACOU ABONY ACQUISITION CORP I 0.0%

Value $109K Shares 10,769 Share Price $10.10 Est. Cost/Share $9.95 Unrealized @ Report Date —

PTORU PRAETORIAN ACQUISITION CORP 0.1%

Value $271K Shares 26,923 Share Price $10.06 Est. Cost/Share $9.90 Unrealized @ Report Date —

MUZEU MUZERO ACQUISITION CORP 0.0%

Value $109K Shares 10,769 Share Price $10.10 Est. Cost/Share $9.94 Unrealized @ Report Date —

TACO BERTO ACQUISITION CORP 0.1%

Value $320K Shares 30,577 Share Price $10.47 Est. Cost/Share $10.40 Unrealized @ Report Date +0.7%

AEAQU ACTIVATE ENERGY ACQUISIT COR 0.0%

Value $110K Shares 10,769 Share Price $10.21 Est. Cost/Share $10.01 Unrealized @ Report Date —

DAAQU DIGITAL ASSET ACQUISITION CO 0.0%

Value $113K Shares 10,769 Share Price $10.50 Est. Cost/Share $10.78 Unrealized @ Report Date —

FTRA/U FUTURECORP SPACE ACQUISITION 0.1%

Value $254K Shares 25,000 Share Price $10.15 Est. Cost/Share $10.13 Unrealized @ Report Date —

SCPQU SOCIAL COMM PARTNERS CORP 0.0%

Value $110K Shares 10,769 Share Price $10.21 Est. Cost/Share $10.02 Unrealized @ Report Date —

YMM FULL TRUCK ALLIANCE CO LTD 0.2%

Value $479K Shares 58,687 Share Price $8.17 Est. Cost/Share $8.51 Unrealized @ Report Date -2.8%

RREVU RRE VENTURES ACQUISITION COR 0.1%

Value $270K Shares 26,923 Share Price $10.03 Est. Cost/Share $10.02 Unrealized @ Report Date —

FTHAU FOREFRONT TECHNOLOGY HOLDING 0.1%

Value $217K Shares 21,538 Share Price $10.06 Est. Cost/Share $10.05 Unrealized @ Report Date —

CAES CANTOR EQUITY PARTNERS VII I 0.1%

Value $202K Shares 20,000 Share Price $10.10 Est. Cost/Share $10.09 Unrealized @ Report Date -0.3%

CCII COHEN CIRCLE ACQUISIT CORP I 0.2%

Value $388K Shares 37,692 Share Price $10.30 Est. Cost/Share $10.27 Unrealized @ Report Date +0.3%

ARCIU ARCHIMEDES TECH SPAC PTNRS I 0.0%

Value $110K Shares 10,769 Share Price $10.17 Est. Cost/Share $9.99 Unrealized @ Report Date —

WLCOU WILCO 63 CORP 0.0%

Value $99,400 Shares 10,000 Share Price $9.94 Est. Cost/Share $9.95 Unrealized @ Report Date —

CAIIU COLLECTIVE ACQUISITION CORP 0.1%

Value $271K Shares 26,923 Share Price $10.05 Est. Cost/Share $10.05 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MKSI	MKS INC.	9,055	$2.403M	1.0%	$265.36	$312.92	-15.2%	COM	55306N104
CEPO	CANTOR EQUITY PARTNERS I INC	21,608	$233K	0.1%	$10.77	$11.03	-2.3%	SHS CL A	G1827K107
AMZN	AMAZON COM INC	3,308	$824K	0.4%	$249.15	$197.57	+26.1%	COM	023135106
AME	AMETEK INC	3,044	$754K	0.3%	$247.73	$230.36	+7.5%	COM	031100100
CP	CANADIAN PACIFIC KANSAS CITY	10,487	$892K	0.4%	$85.10	$76.91	+10.6%	COM	13646K108
PDD	PDD HOLDINGS INC	12,370	$932K	0.4%	$75.38 *	$92.38	-15.6%	SPONSORED ADS	722304102
CEPS	CANTOR EQUITY PARTNERS VI IN	32,308	$330K	0.1%	$10.20	$10.13	+1.7%	CL A ORD SHS	G1828R101
SSAC	SPACSPHERE ACQUISITION CORP	20,000	$203K	0.1%	$10.15	$9.95	+1.8%	CL A SHS	G8T088109
ITHAU	ITHAX ACQUISITION CORP III	10,769	$111K	0.0%	$10.35	$9.98	—	UNIT 11/17/2030	G4977S128
MBAV	VELOS ACQUISITION I CORP	21,538	$230K	0.1%	$10.68	$10.94	-2.4%	CL A	G63212107
PAACU	PROEM ACQUISITION CORP I	16,154	$166K	0.1%	$10.26	$9.99	—	UNIT 01/29/2031	G7341A129
KOYN	CSLM DIGITA ASSET ACQ CORP I	20,000	$206K	0.1%	$10.28	$10.11	+1.6%	USD CL A ORD SHS	G2584S101
FGII	FG IMPERII ACQUISITION CORP	35,000	$350K	0.2%	$10.01	$9.91	+1.1%	ORD SHS CL A	G3R41C102
MACI	MELAR ACQUISITION CORP. I	16,154	$178K	0.1%	$11.04	$10.04	+10.5%	SHS CL A	G6004G100
NPAC	NEW PROVIDENCE ACQUISITION C	20,000	$210K	0.1%	$10.49	$10.33	+1.9%	USD CL A ORD SHS	G6476A102
TWLV	TWELVE SEAS INVT CO III	28,462	$286K	0.1%	$10.06	$9.96	+1.2%	ORD SHS CL A	G9145D101
CAQUU	CAMBRIDGE ACQUISITION CORP	16,154	$163K	0.1%	$10.07	$9.96	—	UNIT 01/30/2031	G1871M124
DMII	DRUGS MADE IN AMER ACQ II CO	10,769	$110K	0.0%	$10.19	$10.04	+1.4%	USD ORD SHS	G2851K104
BIDWU	TRIBECA STRATEGIC ACQUISITIO	26,923	$269K	0.1%	$10.00	$9.95	—	UNIT 05/22/2031	G90420129
ARTC	ART TECHNOLOGY ACQUISITION C	21,538	$215K	0.1%	$9.99	$9.88	+1.3%	USD CL A ORD SHS	G0579E103
AACPU	APOGEE ACQUISITION CORP	21,538	$221K	0.1%	$10.28	$10.23	—	UNIT 03/27/2031	G04126127
ARTCU	ART TECHNOLOGY ACQUISITION C	26,923	$270K	0.1%	$10.02	$9.91	—	UNIT 12/19/2030	G0579E129
WENC/U	WEST ENCLAVE MERGER CORP	24,231	$245K	0.1%	$10.12	$10.08	—	UNIT 99/99/9999	G9600E123
AACOU	ABONY ACQUISITION CORP I	10,769	$109K	0.0%	$10.10	$9.95	—	UNIT 01/29/2031	G00582125
PTORU	PRAETORIAN ACQUISITION CORP	26,923	$271K	0.1%	$10.06	$9.90	—	UNIT 01/16/2031	G7S17G111
MUZEU	MUZERO ACQUISITION CORP	10,769	$109K	0.0%	$10.10	$9.94	—	UNIT 01/30/2031	G8775A122
TACO	BERTO ACQUISITION CORP	30,577	$320K	0.1%	$10.47	$10.40	+0.7%	ORD SHS	G1051H101
AEAQU	ACTIVATE ENERGY ACQUISIT COR	10,769	$110K	0.0%	$10.21	$10.01	—	UNIT 11/10/2030	G0081J129
DAAQU	DIGITAL ASSET ACQUISITION CO	10,769	$113K	0.0%	$10.50	$10.78	—	UNIT 99/99/9999	G2868C129
FTRA/U	FUTURECORP SPACE ACQUISITION	25,000	$254K	0.1%	$10.15	$10.13	—	UNIT 99/99/9999	G37307124
SCPQU	SOCIAL COMM PARTNERS CORP	10,769	$110K	0.0%	$10.21	$10.02	—	UNIT 11/24/2030	G8254P129
YMM	FULL TRUCK ALLIANCE CO LTD	58,687	$479K	0.2%	$8.17	$8.51	-2.8%	SPONSORED ADS	35969L108
RREVU	RRE VENTURES ACQUISITION COR	26,923	$270K	0.1%	$10.03	$10.02	—	UNIT 04/22/2031	G770AL111
FTHAU	FOREFRONT TECHNOLOGY HOLDING	21,538	$217K	0.1%	$10.06	$10.05	—	UNIT 04/30/2031	G3624C122
CAES	CANTOR EQUITY PARTNERS VII I	20,000	$202K	0.1%	$10.10	$10.09	-0.3%	CL A ORD SHS	G1828W100
CCII	COHEN CIRCLE ACQUISIT CORP I	37,692	$388K	0.2%	$10.30	$10.27	+0.3%	SHS CL A	G2254C121
ARCIU	ARCHIMEDES TECH SPAC PTNRS I	10,769	$110K	0.0%	$10.17	$9.99	—	UNIT 01/23/2031	G0453R121
WLCOU	WILCO 63 CORP	10,000	$99,400	0.0%	$9.94	$9.95	—	UNIT 05/29/2031	G9640P120
CAIIU	COLLECTIVE ACQUISITION CORP	26,923	$271K	0.1%	$10.05	$10.05	—	UNIT 04/27/2031	G22741121