Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	180,000	$117M	3.8%	—	—	CALL	78462F103
ORCL	ORACLE CORP	690,000	$102M	3.3%	—	—	PUT	68389X105
ORCL	ORACLE CORP	690,000	$102M	3.3%	—	—	COM	68389X105
NKE	NIKE INC	1,800,000	$95.08M	3.1%	—	—	PUT	654106103
NKE	NIKE INC	1,800,000	$95.08M	3.1%	—	—	CL B	654106103
SE	SEA LTD	890,000	$73.7M	2.4%	—	—	SPONSORD ADS	81141R100
SE	SEA LTD	890,000	$73.7M	2.4%	—	—	PUT	81141R100
—	NEXTERA ENERGY INC	1,353,273	$67.97M	2.2%	—	—	UNIT 02/15/2029	65339F655
IWM	ISHARES TR	240,000	$59.52M	2.0%	—	—	PUT	464287655
—	ORACLE CORP	790,000	$35.56M	1.2%	—	—	6.5 DEP CUM SR D	68389X204
—	NEXTERA ENERGY INC	460,000	$25.75M	0.8%	—	—	UNIT 06/01/2027	65339F663
GDX	VANECK ETF TRUST	254,300	$23.34M	0.8%	—	—	GOLD MINERS ETF	92189F106
—	PPL CORP	400,000	$20.52M	0.7%	—	—	UNIT 02/15/2029	69351T866
A	AGILENT TECHNOLOGIES INC	160,000	$18.24M	0.6%	—	—	PUT	00846U101
CRGY	CRESCENT ENERGY COMPANY	1,072,954	$14.48M	0.5%	—	—	CL A COM	44952J104
—	NEXTERA ENERGY INC	200,000	$10.51M	0.3%	—	—	UNIT 11/01/2027	65339F119
DHR	DANAHER CORP DEL	50,000	$9.48M	0.3%	—	—	PUT	235851102
—	WHIRLPOOL CORP	175,000	$7.166M	0.2%	—	—	8.5 DEP SR A CNV	963320205
LBRT	LIBERTY ENERGY INC	195,000	$5.616M	0.2%	—	—	COM CL A	53115L104
BA	BOEING CO	20,200	$4.02M	0.1%	—	—	COM	097023105
AVAV	AEROVIRONMENT INC	20,820	$3.811M	0.1%	—	—	COM	008073108
NVO	NOVO-NORDISK A S	100,000	$3.675M	0.1%	—	—	CALL	670100205
—	ARES MANAGEMENT CORPORATION	100,000	$3.618M	0.1%	—	—	6.75 SE B PFD	03990B309
AAUC	ALLIED GOLD CORP	106,666	$3.311M	0.1%	—	—	COM NEW	01921D204
IMO	IMPERIAL OIL LTD	21,665	$2.834M	0.1%	—	—	COM NEW	453038408
ENLT	ENLIGHT RENEWABLE ENERGY LTD	36,376	$2.483M	0.1%	—	—	SHS	M4056D110
ALM	ALMONTY INDS INC	167,800	$2.43M	0.1%	—	—	COM NEW	020398707
—	STRATEGY INC	2,250,000	$1.917M	0.1%	—	—	NOTE 3/0	594972AU5
HRI	HERC HLDGS INC	19,009	$1.892M	0.1%	—	—	COM	42704L104
OTEX	OPEN TEXT CORP	65,117	$1.448M	0.0%	—	—	COM	683715106
—	COINBASE GLOBAL INC	140,935,000	$1.398M	0.0%	—	—	NOTE 0.500% 6/0	19260QAB3
OVV	OVINTIV INC	22,745	$1.35M	0.0%	—	—	COM	69047Q102
—	NEXTERA ENERGY CAP HLDGS INC	96,429,000	$1.338M	0.0%	—	—	NOTE 3.000% 3/0	65339KCY4
VOYG	VOYAGER TECHNOLOGIES INC	56,828	$1.329M	0.0%	—	—	COM CL A	92892B103
—	VSE CORP	25,000	$1.258M	0.0%	—	—	UNIT 02/01/2029	918284209
CCL	CARNIVAL CORP	40,230	$1.041M	0.0%	—	—	COMMON STOCK	143658300
OGN	ORGANON & CO	162,915	$976K	0.0%	—	—	COMMON STOCK	68622V106
MDALF	MDA SPACE LTD	17,200	$436K	0.0%	—	—	COM	55293N109
—	ON SEMICONDUCTOR CORP	41,500,000	$404K	0.0%	—	—	NOTE 0.500% 3/0	682189AU9
LITE	LUMENTUM HLDGS INC	474	$333K	0.0%	—	—	COM	55024U109
TRMD	TORM PLC	11,200	$312K	0.0%	—	—	SHS CL A	G89479102
GIL	GILDAN ACTIVEWEAR INC	5,000	$278K	0.0%	—	—	COM	375916103
—	JBT MAREL CORPORATION	25,000,000	$248K	0.0%	—	—	NOTE 0.250% 5/1	477839AB0
EWZ	ISHARES INC	5,918	$227K	0.0%	—	—	MSCI BRAZIL ETF	464286400
—	MKS INC.	10,537,000	$175K	0.0%	—	—	NOTE 1.250% 6/0	55306NAB0
—	JAZZ INVESTMENTS I LTD	13,000,000	$157K	0.0%	—	—	NOTE 2.000% 6/1	472145AF8
—	BRIDGEBIO PHARMA INC	7,500,000	$127K	0.0%	—	—	NOTE 1.750% 3/0	10806XAJ1
—	LIVE NATION ENTERTAINMENT IN	6,560,000	$99,797	0.0%	—	—	NOTE 3.125% 1/1	538034BA6
—	LIBERTY MEDIA CORP DEL	7,500,000	$86,580	0.0%	—	—	NOTE 2.250% 8/1	531229AQ5
—	DROPBOX INC	8,000,000	$75,848	0.0%	—	—	NOTE 3/0	26210CAD6
—	LCI INDS	5,000,000	$59,970	0.0%	—	—	NOTE 3.000% 3/0	501812AD3
—	CENTERPOINT ENERGY INC	5,000,000	$59,150	0.0%	—	—	NOTE 4.250% 8/1	15189TBD8
—	CLOUDFLARE INC	5,000,000	$58,720	0.0%	—	—	NOTE 8/1	18915MAC1
—	LIBERTY MEDIA CORP DEL	5,000,000	$51,905	0.0%	—	—	NOTE 3.750% 3/1	531229AP7
—	DATADOG INC	4,714,000	$45,490	0.0%	—	—	NOTE 12/0	23804LAD5
—	SEMLER SCIENTIFIC INC	3,555,000	$30,374	0.0%	—	—	NOTE 4.250% 8/0	81684MAC8
—	ALIGNMENT HEALTHCARE INC	2,000,000	$28,176	0.0%	—	—	NOTE 4.250%11/1	01625VAB0
—	CHEESECAKE FACTORY INC	2,500,000	$25,375	0.0%	—	—	NOTE 2.000% 3/1	163072AC5

Increased Positions (15)

TSM TAIWAN SEMICONDUCTOR MANUFAC 3.6%

Value $109M (+17887.9%) Shares 323,500 (+16075.0%) Est. Cost — Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 3.6%

Value $109M (+17887.9%) Shares 323,500 (+16075.0%) Est. Cost — Unrealized —

MA MASTERCARD INCORPORATED 4.3%

Value $132M (+286.6%) Shares 265,000 (+341.7%) Est. Cost — Unrealized —

— LUMENTUM HLDGS INC 2.7%

Value $82.29M (+26306.9%) Shares 8,160,000 (+39.4%) Est. Cost — Unrealized —

— APOLLO GLOBAL MGMT INC 2.6%

Value $80.38M (+254.8%) Shares 1,375,000 (+358.3%) Est. Cost — Unrealized —

— HEWLETT PACKARD ENTERPRISE C 1.9%

Value $56.45M (+276.2%) Shares 875,000 (+288.9%) Est. Cost — Unrealized —

— SHIFT4 PMTS INC 1.0%

Value $29.23M (+128.4%) Shares 545,000 (+240.6%) Est. Cost — Unrealized —

SHOP SHOPIFY INC 3.4%

Value $104M (-12.3%) Shares 878,600 (+19.0%) Est. Cost — Unrealized —

SHOP SHOPIFY INC 3.3%

Value $101M (-11.7%) Shares 850,000 (+19.8%) Est. Cost — Unrealized —

EXE EXPAND ENERGY CORPORATION 0.3%

Value $7.896M (+170.7%) Shares 71,922 (+172.1%) Est. Cost — Unrealized —

IAG IAMGOLD CORP 0.3%

Value $9.586M (+71.4%) Shares 509,350 (+50.2%) Est. Cost — Unrealized —

NN NEXTNAV INC 2.9%

Value $88.91M (-2.5%) Shares 5,550,124 (+1.2%) Est. Cost — Unrealized —

— PG&E CORP 0.0%

Value $478K (+271.7%) Shares 46,100,000 (+268.8%) Est. Cost — Unrealized —

— SOUTHERN CO 0.0%

Value $311K (+433.9%) Shares 27,950,000 (+412.8%) Est. Cost — Unrealized —

— SNOWFLAKE INC 0.0%

Value $283K (+266.7%) Shares 23,230,000 (+364.6%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFAC	323,500 (+16075.0%)	$109M (+17887.9%)	3.6%	—	—	SPONSORED ADS	874039100
TSM	TAIWAN SEMICONDUCTOR MANUFAC	323,500 (+16075.0%)	$109M (+17887.9%)	3.6%	—	—	PUT	874039100
MA	MASTERCARD INCORPORATED	265,000 (+341.7%)	$132M (+286.6%)	4.3%	—	—	CL A	57636Q104
—	LUMENTUM HLDGS INC	8,160,000 (+39.4%)	$82.29M (+26306.9%)	2.7%	—	—	NOTE 1.500%12/1	55024UAH2
—	APOLLO GLOBAL MGMT INC	1,375,000 (+358.3%)	$80.38M (+254.8%)	2.6%	—	—	SER A MAND CNV	03769M304
—	HEWLETT PACKARD ENTERPRISE C	875,000 (+288.9%)	$56.45M (+276.2%)	1.9%	—	—	7.625 MAND CONV	42824C208
—	SHIFT4 PMTS INC	545,000 (+240.6%)	$29.23M (+128.4%)	1.0%	—	—	6 SER A CNV PREF	82452J307
SHOP	SHOPIFY INC	878,600 (+19.0%)	$104M (-12.3%)	3.4%	—	—	CL A SUB VTG SHS	82509L107
SHOP	SHOPIFY INC	850,000 (+19.8%)	$101M (-11.7%)	3.3%	—	—	PUT	82509L107
EXE	EXPAND ENERGY CORPORATION	71,922 (+172.1%)	$7.896M (+170.7%)	0.3%	—	—	COM	165167735
IAG	IAMGOLD CORP	509,350 (+50.2%)	$9.586M (+71.4%)	0.3%	—	—	COM	450913108
NN	NEXTNAV INC	5,550,124 (+1.2%)	$88.91M (-2.5%)	2.9%	—	—	COMMON STOCK	65345N106
—	PG&E CORP	46,100,000 (+268.8%)	$478K (+271.7%)	0.0%	—	—	NOTE 4.250%12/0	69331CAL2
—	SOUTHERN CO	27,950,000 (+412.8%)	$311K (+433.9%)	0.0%	—	—	NOTE 4.500% 6/1	842587DZ7
—	SNOWFLAKE INC	23,230,000 (+364.6%)	$283K (+266.7%)	0.0%	—	—	NOTE 10/0	833445AD1

Exited Positions (101)

MU MICRON TECHNOLOGY INC 8.4%

Value $257M Shares 900,000 Est. Cost — Unrealized —

MU MICRON TECHNOLOGY INC 8.4%

Value $257M Shares 900,000 Est. Cost — Unrealized —

META META PLATFORMS INC 6.9%

Value $209M Shares 316,500 Est. Cost — Unrealized —

META META PLATFORMS INC 6.9%

Value $209M Shares 316,500 Est. Cost — Unrealized —

AMZN AMAZON COM INC 6.5%

Value $199M Shares 862,100 Est. Cost — Unrealized —

AMZN AMAZON COM INC 6.5%

Value $199M Shares 862,100 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 6.5%

Value $197M Shares 1,058,200 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 6.5%

Value $197M Shares 1,058,200 Est. Cost — Unrealized —

GWW WW GRAINGER INC 5.7%

Value $172M Shares 170,900 Est. Cost — Unrealized —

APP APPLOVIN CORP 5.6%

Value $172M Shares 255,000 Est. Cost — Unrealized —

INTC INTEL CORP 4.9%

Value $149M Shares 4,050,000 Est. Cost — Unrealized —

CRH CRH PLC 4.4%

Value $133M Shares 1,063,000 Est. Cost — Unrealized —

BKNG BOOKING HOLDINGS INC 4.0%

Value $123M Shares 23,000 Est. Cost — Unrealized —

BKNG BOOKING HOLDINGS INC 4.0%

Value $123M Shares 23,000 Est. Cost — Unrealized —

HOOD ROBINHOOD MKTS INC 3.8%

Value $116M Shares 1,027,300 Est. Cost — Unrealized —

HLT HILTON WORLDWIDE HLDGS INC 3.7%

Value $112M Shares 390,000 Est. Cost — Unrealized —

HLT HILTON WORLDWIDE HLDGS INC 3.7%

Value $112M Shares 390,000 Est. Cost — Unrealized —

ASML ASML HOLDING N V 3.6%

Value $108M Shares 101,300 Est. Cost — Unrealized —

ASML ASML HOLDING N V 3.6%

Value $108M Shares 101,300 Est. Cost — Unrealized —

INSM INSMED INC 3.2%

Value $98.33M Shares 565,000 Est. Cost — Unrealized —

CDE COEUR MNG INC 3.1%

Value $93.84M Shares 5,263,100 Est. Cost — Unrealized —

CHRW C H ROBINSON WORLDWIDE INC 2.9%

Value $87.69M Shares 545,500 Est. Cost — Unrealized —

JD JD.COM INC 2.5%

Value $76.63M Shares 2,670,000 Est. Cost — Unrealized —

JD JD.COM INC 2.5%

Value $76.63M Shares 2,670,000 Est. Cost — Unrealized —

NVO NOVO-NORDISK A S 2.2%

Value $67.67M Shares 1,330,000 Est. Cost — Unrealized —

NVO NOVO-NORDISK A S 2.2%

Value $67.67M Shares 1,330,000 Est. Cost — Unrealized —

MELI MERCADOLIBRE INC 2.1%

Value $63.05M Shares 31,300 Est. Cost — Unrealized —

MELI MERCADOLIBRE INC 2.1%

Value $63.05M Shares 31,300 Est. Cost — Unrealized —

ONB OLD NATL BANCORP IND 1.7%

Value $52.43M Shares 2,350,000 Est. Cost — Unrealized —

— MARA HOLDINGS INC 1.1%

Value $32.53M Shares 39,670,000 Est. Cost — Unrealized —

MARA MARA HOLDINGS INC 0.9%

Value $28.74M Shares 3,200,000 Est. Cost — Unrealized —

— QXO INC 0.8%

Value $23.71M Shares 430,000 Est. Cost — Unrealized —

— NOVANTA INC 0.7%

Value $20.34M Shares 370,000 Est. Cost — Unrealized —

ARGX ARGENX SE 0.5%

Value $16.04M Shares 19,079 Est. Cost — Unrealized —

RIVN RIVIAN AUTOMOTIVE INC 0.5%

Value $14.78M Shares 750,000 Est. Cost — Unrealized —

— AIRBNB INC 0.4%

Value $13.48M Shares 13,600,000 Est. Cost — Unrealized —

LQD ISHARES TR 0.4%

Value $11.06M Shares 100,408 Est. Cost — Unrealized —

— PURECYCLE TECHNOLOGIES INC 0.3%

Value $9.831M Shares 9,831,000 Est. Cost — Unrealized —

ARIS ARIS MNG CORP 0.3%

Value $9.792M Shares 603,300 Est. Cost — Unrealized —

ZTS ZOETIS INC 0.3%

Value $8.301M Shares 65,974 Est. Cost — Unrealized —

— BRUKER CORP 0.3%

Value $8.235M Shares 22,500 Est. Cost — Unrealized —

NTR NUTRIEN LTD 0.2%

Value $7.524M Shares 121,900 Est. Cost — Unrealized —

EFXT ENERFLEX LTD 0.2%

Value $6.7M Shares 434,200 Est. Cost — Unrealized —

B BARRICK MNG CORP 0.2%

Value $6.323M Shares 145,200 Est. Cost — Unrealized —

NIO NIO INC 0.2%

Value $5.1M Shares 1,000,000 Est. Cost — Unrealized —

PPTA PERPETUA RESOURCES CORP 0.2%

Value $4.87M Shares 201,151 Est. Cost — Unrealized —

NGD NEW GOLD INC CDA 0.1%

Value $3.838M Shares 440,600 Est. Cost — Unrealized —

VZLA VIZSLA SILVER CORP 0.1%

Value $3.786M Shares 692,100 Est. Cost — Unrealized —

TGB TASEKO MINES LTD 0.1%

Value $3.51M Shares 620,200 Est. Cost — Unrealized —

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.1%

Value $2.909M Shares 1,316,239 Est. Cost — Unrealized —

SVM SILVERCORP METALS INC 0.1%

Value $2.72M Shares 326,100 Est. Cost — Unrealized —

DDOG DATADOG INC 0.1%

Value $2.244M Shares 16,500 Est. Cost — Unrealized —

CMCSA COMCAST CORP NEW 0.1%

Value $2.242M Shares 75,000 Est. Cost — Unrealized —

— SEAGATE HDD CAYMAN 0.1%

Value $2.222M Shares 66,259,000 Est. Cost — Unrealized —

BAM BROOKFIELD ASSET MANAGMT LTD 0.1%

Value $2.111M Shares 40,300 Est. Cost — Unrealized —

GFL GFL ENVIRONMENTAL INC 0.1%

Value $2.059M Shares 47,933 Est. Cost — Unrealized —

BKE BUCKLE INC 0.1%

Value $2.055M Shares 38,464 Est. Cost — Unrealized —

EXK ENDEAVOUR SILVER CORP 0.1%

Value $1.711M Shares 182,036 Est. Cost — Unrealized —

AR ANTERO RESOURCES CORP 0.1%

Value $1.654M Shares 48,000 Est. Cost — Unrealized —

ORLA ORLA MNG LTD NEW 0.1%

Value $1.604M Shares 119,100 Est. Cost — Unrealized —

ERO ERO COPPER CORP 0.1%

Value $1.564M Shares 55,286 Est. Cost — Unrealized —

UUUU ENERGY FUELS INC 0.0%

Value $1.482M Shares 101,900 Est. Cost — Unrealized —

DNN DENISON MINES CORP 0.0%

Value $1.372M Shares 515,900 Est. Cost — Unrealized —

SA SEABRIDGE GOLD INC 0.0%

Value $870K Shares 29,400 Est. Cost — Unrealized —

BNT BROOKFIELD WEALTH SOL LTD 0.0%

Value $738K Shares 16,066 Est. Cost — Unrealized —

SMLR SEMLER SCIENTIFIC INC 0.0%

Value $731K Shares 47,797 Est. Cost — Unrealized —

TFPM TRIPLE FLAG PRECIOUS METAL 0.0%

Value $714K Shares 21,500 Est. Cost — Unrealized —

SII SPROTT INC 0.0%

Value $695K Shares 7,100 Est. Cost — Unrealized —

HYG ISHARES TR 0.0%

Value $418K Shares 5,184 Est. Cost — Unrealized —

FSM FORTUNA MNG CORP 0.0%

Value $331K Shares 33,700 Est. Cost — Unrealized —

EXEEL EXPAND ENERGY CORPORATION 0.0%

Value $328K Shares 3,304 Est. Cost — Unrealized —

BBUC BROOKFIELD BUSINESS CORP 0.0%

Value $298K Shares 8,300 Est. Cost — Unrealized —

— AKAMAI TECHNOLOGIES INC 0.0%

Value $253K Shares 25,606,000 Est. Cost — Unrealized —

— MACOM TECH SOLUTIONS HLDGS I 0.0%

Value $212K Shares 10,250,000 Est. Cost — Unrealized —

MGIC MAGIC SOFTWARE ENTERPRISES L 0.0%

Value $211K Shares 8,196 Est. Cost — Unrealized —

KEN KENON HLDGS LTD 0.0%

Value $202K Shares 3,043 Est. Cost — Unrealized —

BWLP BW LPG LTD 0.0%

Value $189K Shares 14,400 Est. Cost — Unrealized —

DOMH DOMINARI HOLDINGS INC 0.0%

Value $182K Shares 36,827 Est. Cost — Unrealized —

— SNOWFLAKE INC 0.0%

Value $162K Shares 10,924,000 Est. Cost — Unrealized —

— TRIP COM GROUP LTD 0.0%

Value $160K Shares 13,000,000 Est. Cost — Unrealized —

AUDC AUDIOCODES LTD 0.0%

Value $152K Shares 17,388 Est. Cost — Unrealized —

— RIOT PLATFORMS INC 0.0%

Value $134K Shares 11,885,000 Est. Cost — Unrealized —

— UBER TECHNOLOGIES INC 0.0%

Value $125K Shares 9,657,000 Est. Cost — Unrealized —

— MARA HOLDINGS INC 0.0%

Value $110K Shares 13,644,000 Est. Cost — Unrealized —

— GRANITE CONSTR INC 0.0%

Value $104K Shares 6,520,000 Est. Cost — Unrealized —

— FORD MTR CO 0.0%

Value $104K Shares 10,000,000 Est. Cost — Unrealized —

— RAMACO RES INC 0.0%

Value $101K Shares 12,000,000 Est. Cost — Unrealized —

— IRHYTHM TECHNOLOGIES INC 0.0%

Value $90,877 Shares 6,500,000 Est. Cost — Unrealized —

— VAIL RESORTS INC 0.0%

Value $89,888 Shares 9,000,000 Est. Cost — Unrealized —

— ANI PHARMACEUTICALS INC 0.0%

Value $62,940 Shares 5,000,000 Est. Cost — Unrealized —

— FIRSTENERGY CORP 0.0%

Value $50,988 Shares 5,000,000 Est. Cost — Unrealized —

— DROPBOX INC 0.0%

Value $49,500 Shares 5,000,000 Est. Cost — Unrealized —

— BLACKLINE INC 0.0%

Value $49,344 Shares 5,000,000 Est. Cost — Unrealized —

— PAGERDUTY INC 0.0%

Value $47,438 Shares 5,000,000 Est. Cost — Unrealized —

— ON SEMICONDUCTOR CORP 0.0%

Value $29,719 Shares 2,500,000 Est. Cost — Unrealized —

— CMS ENERGY CORP 0.0%

Value $26,794 Shares 2,500,000 Est. Cost — Unrealized —

— PARSONS CORP DEL 0.0%

Value $26,414 Shares 2,566,000 Est. Cost — Unrealized —

— BLACKLINE INC 0.0%

Value $26,390 Shares 2,500,000 Est. Cost — Unrealized —

— PEBBLEBROOK HOTEL TR 0.0%

Value $24,125 Shares 2,500,000 Est. Cost — Unrealized —

— VISHAY INTERTECHNOLOGY INC 0.0%

Value $22,500 Shares 2,500,000 Est. Cost — Unrealized —

— T1 ENERGY INC 0.0%

Value $21,930 Shares 1,750,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	900,000	$257M	8.4%	—	—	PUT	595112103
MU	MICRON TECHNOLOGY INC	900,000	$257M	8.4%	—	—	—	595112103
META	META PLATFORMS INC	316,500	$209M	6.9%	—	—	—	30303M102
META	META PLATFORMS INC	316,500	$209M	6.9%	—	—	PUT	30303M102
AMZN	AMAZON COM INC	862,100	$199M	6.5%	—	—	PUT	023135106
AMZN	AMAZON COM INC	862,100	$199M	6.5%	—	—	—	023135106
NVDA	NVIDIA CORPORATION	1,058,200	$197M	6.5%	—	—	—	67066G104
NVDA	NVIDIA CORPORATION	1,058,200	$197M	6.5%	—	—	PUT	67066G104
GWW	WW GRAINGER INC	170,900	$172M	5.7%	—	—	CALL	384802104
APP	APPLOVIN CORP	255,000	$172M	5.6%	—	—	CALL	03831W108
INTC	INTEL CORP	4,050,000	$149M	4.9%	—	—	CALL	458140100
CRH	CRH PLC	1,063,000	$133M	4.4%	—	—	CALL	G25508105
BKNG	BOOKING HOLDINGS INC	23,000	$123M	4.0%	—	—	PUT	09857L108
BKNG	BOOKING HOLDINGS INC	23,000	$123M	4.0%	—	—	—	09857L108
HOOD	ROBINHOOD MKTS INC	1,027,300	$116M	3.8%	—	—	CALL	770700102
HLT	HILTON WORLDWIDE HLDGS INC	390,000	$112M	3.7%	—	—	—	43300A203
HLT	HILTON WORLDWIDE HLDGS INC	390,000	$112M	3.7%	—	—	PUT	43300A203
ASML	ASML HOLDING N V	101,300	$108M	3.6%	—	—	PUT	N07059210
ASML	ASML HOLDING N V	101,300	$108M	3.6%	—	—	—	N07059210
INSM	INSMED INC	565,000	$98.33M	3.2%	—	—	CALL	457669307
CDE	COEUR MNG INC	5,263,100	$93.84M	3.1%	—	—	PUT	192108504
CHRW	C H ROBINSON WORLDWIDE INC	545,500	$87.69M	2.9%	—	—	CALL	12541W209
JD	JD.COM INC	2,670,000	$76.63M	2.5%	—	—	—	47215P106
JD	JD.COM INC	2,670,000	$76.63M	2.5%	—	—	PUT	47215P106
NVO	NOVO-NORDISK A S	1,330,000	$67.67M	2.2%	—	—	PUT	670100205
NVO	NOVO-NORDISK A S	1,330,000	$67.67M	2.2%	—	—	—	670100205
MELI	MERCADOLIBRE INC	31,300	$63.05M	2.1%	—	—	PUT	58733R102
MELI	MERCADOLIBRE INC	31,300	$63.05M	2.1%	—	—	—	58733R102
ONB	OLD NATL BANCORP IND	2,350,000	$52.43M	1.7%	—	—	CALL	680033107
—	MARA HOLDINGS INC	39,670,000	$32.53M	1.1%	—	—	—	565788AF3
MARA	MARA HOLDINGS INC	3,200,000	$28.74M	0.9%	—	—	PUT	565788106
—	QXO INC	430,000	$23.71M	0.8%	—	—	—	82846H504
—	NOVANTA INC	370,000	$20.34M	0.7%	—	—	—	67000B203
ARGX	ARGENX SE	19,079	$16.04M	0.5%	—	—	—	04016X101
RIVN	RIVIAN AUTOMOTIVE INC	750,000	$14.78M	0.5%	—	—	PUT	76954A103
—	AIRBNB INC	13,600,000	$13.48M	0.4%	—	—	—	009066AB7
LQD	ISHARES TR	100,408	$11.06M	0.4%	—	—	—	464287242
—	PURECYCLE TECHNOLOGIES INC	9,831,000	$9.831M	0.3%	—	—	—	74623VAB9
ARIS	ARIS MNG CORP	603,300	$9.792M	0.3%	—	—	—	04040Y109
ZTS	ZOETIS INC	65,974	$8.301M	0.3%	—	—	—	98978V103
—	BRUKER CORP	22,500	$8.235M	0.3%	—	—	—	116794207
NTR	NUTRIEN LTD	121,900	$7.524M	0.2%	—	—	—	67077M108
EFXT	ENERFLEX LTD	434,200	$6.7M	0.2%	—	—	—	29269R105
B	BARRICK MNG CORP	145,200	$6.323M	0.2%	—	—	—	06849F108
NIO	NIO INC	1,000,000	$5.1M	0.2%	—	—	PUT	62914V106
PPTA	PERPETUA RESOURCES CORP	201,151	$4.87M	0.2%	—	—	—	714266103
NGD	NEW GOLD INC CDA	440,600	$3.838M	0.1%	—	—	—	644535106
VZLA	VIZSLA SILVER CORP	692,100	$3.786M	0.1%	—	—	—	92859G608
TGB	TASEKO MINES LTD	620,200	$3.51M	0.1%	—	—	—	876511106
CCO	CLEAR CHANNEL OUTDOOR HLDGS	1,316,239	$2.909M	0.1%	—	—	—	18453H106
SVM	SILVERCORP METALS INC	326,100	$2.72M	0.1%	—	—	—	82835P103
DDOG	DATADOG INC	16,500	$2.244M	0.1%	—	—	—	23804L103
CMCSA	COMCAST CORP NEW	75,000	$2.242M	0.1%	—	—	—	20030N101
—	SEAGATE HDD CAYMAN	66,259,000	$2.222M	0.1%	—	—	—	81180WBL4
BAM	BROOKFIELD ASSET MANAGMT LTD	40,300	$2.111M	0.1%	—	—	—	113004105
GFL	GFL ENVIRONMENTAL INC	47,933	$2.059M	0.1%	—	—	—	36168Q104
BKE	BUCKLE INC	38,464	$2.055M	0.1%	—	—	—	118440106
EXK	ENDEAVOUR SILVER CORP	182,036	$1.711M	0.1%	—	—	—	29258Y103
AR	ANTERO RESOURCES CORP	48,000	$1.654M	0.1%	—	—	—	03674X106
ORLA	ORLA MNG LTD NEW	119,100	$1.604M	0.1%	—	—	—	68634K106
ERO	ERO COPPER CORP	55,286	$1.564M	0.1%	—	—	—	296006109
UUUU	ENERGY FUELS INC	101,900	$1.482M	0.0%	—	—	—	292671708
DNN	DENISON MINES CORP	515,900	$1.372M	0.0%	—	—	—	248356107
SA	SEABRIDGE GOLD INC	29,400	$870K	0.0%	—	—	—	811916105
BNT	BROOKFIELD WEALTH SOL LTD	16,066	$738K	0.0%	—	—	—	G17434104
SMLR	SEMLER SCIENTIFIC INC	47,797	$731K	0.0%	—	—	—	81684M104
TFPM	TRIPLE FLAG PRECIOUS METAL	21,500	$714K	0.0%	—	—	—	89679M104
SII	SPROTT INC	7,100	$695K	0.0%	—	—	—	852066208
HYG	ISHARES TR	5,184	$418K	0.0%	—	—	—	464288513
FSM	FORTUNA MNG CORP	33,700	$331K	0.0%	—	—	—	349942102
EXEEL	EXPAND ENERGY CORPORATION	3,304	$328K	0.0%	—	—	—	165167180
BBUC	BROOKFIELD BUSINESS CORP	8,300	$298K	0.0%	—	—	—	11259V106
—	AKAMAI TECHNOLOGIES INC	25,606,000	$253K	0.0%	—	—	—	00971TAN1
—	MACOM TECH SOLUTIONS HLDGS I	10,250,000	$212K	0.0%	—	—	—	55405YAB6
MGIC	MAGIC SOFTWARE ENTERPRISES L	8,196	$211K	0.0%	—	—	—	559166103
KEN	KENON HLDGS LTD	3,043	$202K	0.0%	—	—	—	Y46717107
BWLP	BW LPG LTD	14,400	$189K	0.0%	—	—	—	Y10230103
DOMH	DOMINARI HOLDINGS INC	36,827	$182K	0.0%	—	—	—	008875304
—	SNOWFLAKE INC	10,924,000	$162K	0.0%	—	—	—	833445AB5
—	TRIP COM GROUP LTD	13,000,000	$160K	0.0%	—	—	—	89677QAB3
AUDC	AUDIOCODES LTD	17,388	$152K	0.0%	—	—	—	M15342104
—	RIOT PLATFORMS INC	11,885,000	$134K	0.0%	—	—	—	767292AB1
—	UBER TECHNOLOGIES INC	9,657,000	$125K	0.0%	—	—	—	90353TAM2
—	MARA HOLDINGS INC	13,644,000	$110K	0.0%	—	—	—	565788AD8
—	GRANITE CONSTR INC	6,520,000	$104K	0.0%	—	—	—	387328AF4
—	FORD MTR CO	10,000,000	$104K	0.0%	—	—	—	345370CZ1
—	RAMACO RES INC	12,000,000	$101K	0.0%	—	—	—	75134PAB1
—	IRHYTHM TECHNOLOGIES INC	6,500,000	$90,877	0.0%	—	—	—	450056AB2
—	VAIL RESORTS INC	9,000,000	$89,888	0.0%	—	—	—	91879QAN9
—	ANI PHARMACEUTICALS INC	5,000,000	$62,940	0.0%	—	—	—	00182CAC7
—	FIRSTENERGY CORP	5,000,000	$50,988	0.0%	—	—	—	337932AR8
—	DROPBOX INC	5,000,000	$49,500	0.0%	—	—	—	26210CAC8
—	BLACKLINE INC	5,000,000	$49,344	0.0%	—	—	—	09239BAD1
—	PAGERDUTY INC	5,000,000	$47,438	0.0%	—	—	—	69553PAD2
—	ON SEMICONDUCTOR CORP	2,500,000	$29,719	0.0%	—	—	—	682189AS4
—	CMS ENERGY CORP	2,500,000	$26,794	0.0%	—	—	—	125896BX7
—	PARSONS CORP DEL	2,566,000	$26,414	0.0%	—	—	—	70202LAD4
—	BLACKLINE INC	2,500,000	$26,390	0.0%	—	—	—	09239BAF6
—	PEBBLEBROOK HOTEL TR	2,500,000	$24,125	0.0%	—	—	—	70509VAA8
—	VISHAY INTERTECHNOLOGY INC	2,500,000	$22,500	0.0%	—	—	—	928298AR9
—	T1 ENERGY INC	1,750,000	$21,930	0.0%	—	—	—	35834FAB0

Decreased Positions (26)

CDE COEUR MNG INC 0.0%

Value $604K (-99.4%) Shares 32,200 (-99.4%) Est. Cost — Unrealized —

— STRATEGY INC 1.0%

Value $30.47M (-60.4%) Shares 37,318,000 (-60.4%) Est. Cost — Unrealized —

PFE PFIZER INC 4.6%

Value $140M (-17.1%) Shares 5,000,000 (-26.5%) Est. Cost — Unrealized —

PFE PFIZER INC 4.6%

Value $140M (-17.1%) Shares 5,000,000 (-26.5%) Est. Cost — Unrealized —

— PORCH GROUP INC 1.3%

Value $40.4M (-20.9%) Shares 38,150,000 (-16.0%) Est. Cost — Unrealized —

EQX EQUINOX GOLD CORP 0.7%

Value $20.22M (-27.9%) Shares 1,398,304 (-30.0%) Est. Cost — Unrealized —

CC CHEMOURS CO 0.1%

Value $3.05M (-69.5%) Shares 138,460 (-83.7%) Est. Cost — Unrealized —

— ALBEMARLE CORP 2.1%

Value $64.67M (-9.3%) Shares 900,000 (-25.0%) Est. Cost — Unrealized —

SVC SERVICE PPTYS TR 0.2%

Value $5.473M (-50.5%) Shares 4,039,119 (-32.8%) Est. Cost — Unrealized —

— APPLIED DIGITAL CORP 2.6%

Value $78.52M (-4.9%) Shares 29,556,000 (-3.4%) Est. Cost — Unrealized —

AG FIRST MAJESTIC SILVER CORP 0.0%

Value $533K (-81.1%) Shares 24,800 (-85.3%) Est. Cost — Unrealized —

TSEM TOWER SEMICONDUCTOR LTD 0.1%

Value $4.108M (-24.6%) Shares 23,408 (-49.6%) Est. Cost — Unrealized —

CNQ CANADIAN NAT RES LTD MED TER 0.1%

Value $3.811M (+40.0%) Shares 78,202 (-2.7%) Est. Cost — Unrealized —

AEM AGNICO EAGLE MINES LTD 0.3%

Value $7.905M (+12.8%) Shares 38,947 (-5.8%) Est. Cost — Unrealized —

RACE FERRARI N V 0.1%

Value $2.411M (-23.3%) Shares 7,123 (-16.2%) Est. Cost — Unrealized —

JHX JAMES HARDIE INDS PLC 0.0%

Value $1.421M (-30.9%) Shares 75,000 (-24.3%) Est. Cost — Unrealized —

— STRATEGY INC 0.0%

Value $834K (-27.2%) Shares 86,410,000 (-22.8%) Est. Cost — Unrealized —

ADTN ADTRAN HOLDINGS INC 0.0%

Value $1.028M (+43.3%) Shares 81,694 (-1.0%) Est. Cost — Unrealized —

— ALIBABA GROUP HLDG LTD 0.0%

Value $1.222M (-19.5%) Shares 90,155,000 (-7.8%) Est. Cost — Unrealized —

— STRATEGY INC 0.0%

Value $180K (-59.5%) Shares 15,650,000 (-55.6%) Est. Cost — Unrealized —

FUN SIX FLAGS ENTERTAINMENT CORP 0.1%

Value $3.882M (-3.5%) Shares 218,705 (-16.6%) Est. Cost — Unrealized —

UNIT UNITI GROUP LLC 0.0%

Value $1.176M (+12.6%) Shares 125,406 (-15.9%) Est. Cost — Unrealized —

— AMERICAN WTR CAP CORP 0.0%

Value $116K (-42.1%) Shares 11,625,000 (-42.2%) Est. Cost — Unrealized —

— EVERGY INC 0.0%

Value $106K (-32.3%) Shares 7,836,000 (-39.0%) Est. Cost — Unrealized —

CNI CANADIAN NATL RY CO 0.1%

Value $2.836M (+1.8%) Shares 27,600 (-2.1%) Est. Cost — Unrealized —

— PINNACLE WEST CAP CORP 0.0%

Value $76,174 (-28.8%) Shares 6,651,000 (-33.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CDE	COEUR MNG INC	32,200 (-99.4%)	$604K (-99.4%)	0.0%	—	—	COM NEW	192108504
—	STRATEGY INC	37,318,000 (-60.4%)	$30.47M (-60.4%)	1.0%	—	—	NOTE 12/0	594972AS0
PFE	PFIZER INC	5,000,000 (-26.5%)	$140M (-17.1%)	4.6%	—	—	PUT	717081103
PFE	PFIZER INC	5,000,000 (-26.5%)	$140M (-17.1%)	4.6%	—	—	COM	717081103
—	PORCH GROUP INC	38,150,000 (-16.0%)	$40.4M (-20.9%)	1.3%	—	—	DEBT 9.000% 5/1	733245AD6
EQX	EQUINOX GOLD CORP	1,398,304 (-30.0%)	$20.22M (-27.9%)	0.7%	—	—	COM	29446Y502
CC	CHEMOURS CO	138,460 (-83.7%)	$3.05M (-69.5%)	0.1%	—	—	COM	163851108
—	ALBEMARLE CORP	900,000 (-25.0%)	$64.67M (-9.3%)	2.1%	—	—	7.25% DEP SHS A	012653200
SVC	SERVICE PPTYS TR	4,039,119 (-32.8%)	$5.473M (-50.5%)	0.2%	—	—	COM SH BEN INT	81761L102
—	APPLIED DIGITAL CORP	29,556,000 (-3.4%)	$78.52M (-4.9%)	2.6%	—	—	NOTE 2.750% 6/0	038169AB4
AG	FIRST MAJESTIC SILVER CORP	24,800 (-85.3%)	$533K (-81.1%)	0.0%	—	—	COM	32076V103
TSEM	TOWER SEMICONDUCTOR LTD	23,408 (-49.6%)	$4.108M (-24.6%)	0.1%	—	—	SHS NEW	M87915274
CNQ	CANADIAN NAT RES LTD MED TER	78,202 (-2.7%)	$3.811M (+40.0%)	0.1%	—	—	COM	136385101
AEM	AGNICO EAGLE MINES LTD	38,947 (-5.8%)	$7.905M (+12.8%)	0.3%	—	—	COM	008474108
RACE	FERRARI N V	7,123 (-16.2%)	$2.411M (-23.3%)	0.1%	—	—	COM	N3167Y103
JHX	JAMES HARDIE INDS PLC	75,000 (-24.3%)	$1.421M (-30.9%)	0.0%	—	—	ORD SHS	G4253H101
—	STRATEGY INC	86,410,000 (-22.8%)	$834K (-27.2%)	0.0%	—	—	NOTE 0.875% 3/1	594972AL5
ADTN	ADTRAN HOLDINGS INC	81,694 (-1.0%)	$1.028M (+43.3%)	0.0%	—	—	COM	00486H105
—	ALIBABA GROUP HLDG LTD	90,155,000 (-7.8%)	$1.222M (-19.5%)	0.0%	—	—	NOTE 0.500% 6/0	01609WBG6
—	STRATEGY INC	15,650,000 (-55.6%)	$180K (-59.5%)	0.0%	—	—	NOTE 0.625% 3/1	594972AJ0
FUN	SIX FLAGS ENTERTAINMENT CORP	218,705 (-16.6%)	$3.882M (-3.5%)	0.1%	—	—	COM	83001C108
UNIT	UNITI GROUP LLC	125,406 (-15.9%)	$1.176M (+12.6%)	0.0%	—	—	COM SHS	912932100
—	AMERICAN WTR CAP CORP	11,625,000 (-42.2%)	$116K (-42.1%)	0.0%	—	—	NOTE 3.625% 6/1	03040WBE4
—	EVERGY INC	7,836,000 (-39.0%)	$106K (-32.3%)	0.0%	—	—	NOTE 4.500%12/1	30034WAD8
CNI	CANADIAN NATL RY CO	27,600 (-2.1%)	$2.836M (+1.8%)	0.1%	—	—	COM	136375102
—	PINNACLE WEST CAP CORP	6,651,000 (-33.5%)	$76,174 (-28.8%)	0.0%	—	—	NOTE 4.750% 6/1	723484AK7

Unchanged Positions (27)

QQQ INVESCO QQQ TR 12.8%

Value $389M Shares 673,923 Est. Cost — Unrealized —

MSTR STRATEGY INC 2.5%

Value $74.88M Shares 600,000 Est. Cost — Unrealized —

XRT SPDR SERIES TRUST 2.0%

Value $60.35M Shares 750,000 Est. Cost — Unrealized —

COMP COMPASS INC 0.1%

Value $3.773M Shares 516,198 Est. Cost — Unrealized —

SOFI SOFI TECHNOLOGIES INC 0.0%

Value $691K Shares 43,492 Est. Cost — Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 0.2%

Value $7.504M Shares 95,400 Est. Cost — Unrealized —

GLXY GALAXY DIGITAL INC. 0.1%

Value $1.577M Shares 85,500 Est. Cost — Unrealized —

VTI VANGUARD INDEX FDS 0.2%

Value $6.986M Shares 21,775 Est. Cost — Unrealized —

SUNC SUNOCOCORP LLC 0.0%

Value $1.484M Shares 24,071 Est. Cost — Unrealized —

RY ROYAL BK CDA 0.2%

Value $5.064M Shares 31,300 Est. Cost — Unrealized —

— WOLFSPEED INC 0.2%

Value $6.98M Shares 4,894,000 Est. Cost — Unrealized —

WOLF WOLFSPEED INC 0.1%

Value $3.666M Shares 224,626 Est. Cost — Unrealized —

MFC MANULIFE FINL CORP 0.1%

Value $3.296M Shares 95,700 Est. Cost — Unrealized —

GDS GDS HLDGS LTD 0.0%

Value $1.266M Shares 31,427 Est. Cost — Unrealized —

BMO BANK MONTREAL MEDIUM 0.1%

Value $3.235M Shares 23,900 Est. Cost — Unrealized —

TD TORONTO DOMINION BK ONT 0.2%

Value $6.625M Shares 71,000 Est. Cost — Unrealized —

VEU VANGUARD INTL EQUITY INDEX F 0.0%

Value $1.521M Shares 20,250 Est. Cost — Unrealized —

BHC BAUSCH HEALTH COS INC 0.0%

Value $85,320 Shares 15,800 Est. Cost — Unrealized —

SNDL SNDL INC 0.0%

Value $77,904 Shares 59,018 Est. Cost — Unrealized —

BITF BITFARMS LTD 0.0%

Value $83,070 Shares 42,600 Est. Cost — Unrealized —

SLI STANDARD LITHIUM LTD 0.0%

Value $36,487 Shares 10,700 Est. Cost — Unrealized —

AQN ALGONQUIN POWER & UTILITIES 0.1%

Value $2.372M Shares 386,400 Est. Cost — Unrealized —

— INTEGER HLDGS CORP 0.0%

Value $46,221 Shares 3,888,000 Est. Cost — Unrealized —

— BEYOND MEAT INC 0.0%

Value $4,522 Shares 700,000 Est. Cost — Unrealized —

— MARRIOTT VACATIONS WORLDWIDE 0.0%

Value $33,513 Shares 3,500,000 Est. Cost — Unrealized —

PIIIW P3 HEALTH PARTNERS INC 0.0%

Value $295 Shares 50,000 Est. Cost — Unrealized —

— BLACKROCK TECH AND PRIVATE E 0.0%

Value $69,960 Shares 10,600 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	673,923	$389M	12.8%	—	—	UNIT SER 1	46090E103
MSTR	STRATEGY INC	600,000	$74.88M	2.5%	—	—	PUT	594972408
XRT	SPDR SERIES TRUST	750,000	$60.35M	2.0%	—	—	STATE STREET SPD	78464A714
COMP	COMPASS INC	516,198	$3.773M	0.1%	—	—	CL A	20464U100
SOFI	SOFI TECHNOLOGIES INC	43,492	$691K	0.0%	—	—	COM	83406F102
CP	CANADIAN PACIFIC KANSAS CITY	95,400	$7.504M	0.2%	—	—	COM	13646K108
GLXY	GALAXY DIGITAL INC.	85,500	$1.577M	0.1%	—	—	CL A	36317J209
VTI	VANGUARD INDEX FDS	21,775	$6.986M	0.2%	—	—	TOTAL STK MKT	922908769
SUNC	SUNOCOCORP LLC	24,071	$1.484M	0.0%	—	—	COM SHS LLC	86765Q106
RY	ROYAL BK CDA	31,300	$5.064M	0.2%	—	—	COM	780087102
—	WOLFSPEED INC	4,894,000	$6.98M	0.2%	—	—	NOTE 2.500% 6/1	977852AP7
WOLF	WOLFSPEED INC	224,626	$3.666M	0.1%	—	—	COMMON STOCK	97785W106
MFC	MANULIFE FINL CORP	95,700	$3.296M	0.1%	—	—	COM	56501R106
GDS	GDS HLDGS LTD	31,427	$1.266M	0.0%	—	—	SPONSORED ADS	36165L108
BMO	BANK MONTREAL MEDIUM	23,900	$3.235M	0.1%	—	—	COM	063671101
TD	TORONTO DOMINION BK ONT	71,000	$6.625M	0.2%	—	—	COM NEW	891160509
VEU	VANGUARD INTL EQUITY INDEX F	20,250	$1.521M	0.0%	—	—	ALLWRLD EX US	922042775
BHC	BAUSCH HEALTH COS INC	15,800	$85,320	0.0%	—	—	COM	071734107
SNDL	SNDL INC	59,018	$77,904	0.0%	—	—	COM	83307B101
BITF	BITFARMS LTD	42,600	$83,070	0.0%	—	—	COM	09173B107
SLI	STANDARD LITHIUM LTD	10,700	$36,487	0.0%	—	—	COM	853606101
AQN	ALGONQUIN POWER & UTILITIES	386,400	$2.372M	0.1%	—	—	COM	015857105
—	INTEGER HLDGS CORP	3,888,000	$46,221	0.0%	—	—	NOTE 2.125% 2/1	45826HAB5
—	BEYOND MEAT INC	700,000	$4,522	0.0%	—	—	DEBT 10/1	08862EAD1
—	MARRIOTT VACATIONS WORLDWIDE	3,500,000	$33,513	0.0%	—	—	NOTE 3.250%12/1	57164YAF4
PIIIW	P3 HEALTH PARTNERS INC	50,000	$295	0.0%	—	—	*W EXP 11/19/202	744413113
—	BLACKROCK TECH AND PRIVATE E	10,600	$69,960	0.0%	—	—	SHS BEN INT	09260Q108