Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SMH	VANECK ETF TRUST	10,698	$410M	0.2%	$383.40	—	PUT	92189F676
SMH	VANECK ETF TRUST	10,015	$384M	0.2%	$383.40	—	CALL	92189F676
ASML	ASML HLDG NV	1,484	$196M	0.1%	$1320.83	—	PUT	N07059210
AMAT	APPLIED MATLS INC	5,692	$195M	0.1%	—	—	CALL	038222105
ASML	ASML HLDG NV	924	$122M	0.1%	$1320.83	—	CALL	N07059210
AMAT	APPLIED MATLS INC	3,505	$120M	0.1%	—	—	PUT	038222105
LRCX	LAM RESEARCH CORP	5,288	$113M	0.1%	—	—	CALL	512807306
TSLA	TESLA INC	294,809	$110M	0.1%	$425.98	0.0%	COM	88160R101
LRCX	LAM RESEARCH CORP	3,170	$67.73M	0.0%	—	—	PUT	512807306
ASML	ASML HLDG NV	29,547	$39.03M	0.0%	$1320.83	—	N Y REGISTRY SHS	N07059210
HYG	ISHARES TR	419,774	$33.4M	0.0%	$79.56	—	IBOXX HI YD ETF	464288513
AMD	ADVANCED MICRO DEVICES INC	158,061	$32.15M	0.0%	$221.70	0.0%	COM	007903107
SMH	VANECK ETF TRUST	64,420	$24.7M	0.0%	$383.40	—	SEMICONDUCTR ETF	92189F676
META	META PLATFORMS INC	30,751	$17.59M	0.0%	$655.57	0.0%	CL A	30303M102
AMZN	AMAZON COM INC	62,946	$13.11M	0.0%	$226.83	0.0%	COM	023135106
AAPL	APPLE INC	43,631	$11.07M	0.0%	$262.82	0.0%	COM	037833100
MSFT	MICROSOFT CORP	20,982	$7.767M	0.0%	$434.61	0.0%	COM	594918104
CVNA	CARVANA CO	3,866	$1.215M	0.0%	$408.48	0.0%	CL A	146869102

Increased Positions (46)

SPY STATE STR SPDR S&P 500 ETF T 13.3%

Value $28.79B (+26.0%) Shares 442,639 (+32.2%) Est. Cost $651.15 Unrealized —

GLD SPDR GOLD TR 8.7%

Value $18.95B (+45.4%) Shares 440,477 (+33.9%) Est. Cost $396.31 Unrealized —

GLD SPDR GOLD TR 5.3%

Value $11.42B (+43.2%) Shares 265,516 (+31.9%) Est. Cost $396.31 Unrealized —

HYG ISHARES TR 4.1%

Value $8.926B (+36.1%) Shares 430,970 (+49.6%) Est. Cost $79.56 Unrealized —

MU MICRON TECHNOLOGY INC 1.0%

Value $2.079B (+332.2%) Shares 61,550 (+265.2%) Est. Cost $172.24 Unrealized +124.7%

MU MICRON TECHNOLOGY INC 0.9%

Value $1.911B (+217.7%) Shares 56,555 (+168.4%) Est. Cost $172.24 Unrealized +124.7%

QQQ INVESCO QQQ TR 7.3%

Value $15.85B (+8.8%) Shares 274,617 (+15.8%) Est. Cost — Unrealized —

TSLA TESLA INC 3.1%

Value $6.815B (-14.1%) Shares 183,335 (+3.9%) Est. Cost $425.98 Unrealized 0.0%

TSLA TESLA INC 2.1%

Value $4.584B (-14.2%) Shares 123,319 (+3.8%) Est. Cost $425.98 Unrealized 0.0%

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.6%

Value $1.351B (+85.6%) Shares 39,990 (+66.9%) Est. Cost $308.07 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.5%

Value $1.152B (+110.8%) Shares 34,086 (+89.6%) Est. Cost $308.07 Unrealized —

HYG ISHARES TR 2.2%

Value $4.884B (+12.6%) Shares 222,954 (+15.8%) Est. Cost $79.56 Unrealized —

SLV ISHARES SILVER TR 1.5%

Value $3.251B (+13.7%) Shares 477,079 (+7.4%) Est. Cost $66.12 Unrealized —

ORCL ORACLE CORP 0.3%

Value $610M (+82.4%) Shares 41,479 (+141.6%) Est. Cost $207.48 Unrealized -18.3%

AMZN AMAZON COM INC 0.9%

Value $1.972B (+12.8%) Shares 94,702 (+25.0%) Est. Cost $226.83 Unrealized 0.0%

ORCL ORACLE CORP 0.3%

Value $591M (+56.1%) Shares 40,197 (+106.8%) Est. Cost $207.48 Unrealized -18.3%

AMZN AMAZON COM INC 0.7%

Value $1.562B (+15.0%) Shares 74,975 (+27.4%) Est. Cost $226.83 Unrealized 0.0%

AVGO BROADCOM INC 0.5%

Value $1.193B (+18.7%) Shares 38,553 (+32.7%) Est. Cost $305.74 Unrealized +9.3%

PLTR PALANTIR TECHNOLOGIES INC 0.4%

Value $940M (-14.4%) Shares 64,273 (+4.0%) Est. Cost $97.23 Unrealized +58.6%

MSFT MICROSOFT CORP 0.9%

Value $1.955B (-6.3%) Shares 52,821 (+22.4%) Est. Cost $434.61 Unrealized 0.0%

GOOG ALPHABET INC 1.7%

Value $3.769B (-3.3%) Shares 131,189 (+5.5%) Est. Cost $311.88 Unrealized +3.8%

PLTR PALANTIR TECHNOLOGIES INC 0.5%

Value $1.06B (-10.6%) Shares 72,441 (+8.7%) Est. Cost $97.23 Unrealized +58.6%

SLV ISHARES SILVER TR 0.1%

Value $244M (+94.5%) Shares 3,582,617 (+83.9%) Est. Cost $66.12 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.1%

Value $142M (+347.9%) Shares 421,602 (+302.8%) Est. Cost $308.07 Unrealized —

COIN COINBASE GLOBAL INC 0.3%

Value $600M (-15.1%) Shares 34,379 (+9.9%) Est. Cost $255.16 Unrealized -21.4%

GOOG ALPHABET INC 0.1%

Value $155M (+190.1%) Shares 539,819 (+216.7%) Est. Cost $311.88 Unrealized +3.8%

AVGO BROADCOM INC 0.5%

Value $1.175B (+7.0%) Shares 37,971 (+19.6%) Est. Cost $305.74 Unrealized +9.3%

QCOM QUALCOMM INC 0.0%

Value $71.11M (+2248.8%) Shares 5,522 (+3019.8%) Est. Cost — Unrealized —

BKNG BOOKING HOLDINGS INC 0.2%

Value $504M (+14.5%) Shares 1,196 (+45.7%) Est. Cost $5107.91 Unrealized -6.4%

META META PLATFORMS INC 1.3%

Value $2.798B (-1.8%) Shares 48,900 (+13.3%) Est. Cost $655.57 Unrealized 0.0%

MSFT MICROSOFT CORP 1.0%

Value $2.237B (-1.7%) Shares 60,421 (+28.5%) Est. Cost $434.61 Unrealized 0.0%

QCOM QUALCOMM INC 0.0%

Value $33.82M (+1105.5%) Shares 2,626 (+1501.2%) Est. Cost — Unrealized —

MSTR STRATEGY INC 0.0%

Value $63.05M (+79.0%) Shares 505,227 (+117.9%) Est. Cost $229.32 Unrealized -36.0%

COIN COINBASE GLOBAL INC 0.0%

Value $69.71M (+52.0%) Shares 399,232 (+96.9%) Est. Cost $255.16 Unrealized -21.4%

BABA ALIBABA GROUP HLDG LTD 0.2%

Value $381M (-5.3%) Shares 30,376 (+10.6%) Est. Cost $106.83 Unrealized —

META META PLATFORMS INC 1.0%

Value $2.084B (-0.9%) Shares 36,418 (+14.3%) Est. Cost $655.57 Unrealized 0.0%

COIN COINBASE GLOBAL INC 0.3%

Value $579M (+3.2%) Shares 33,162 (+33.7%) Est. Cost $255.16 Unrealized -21.4%

ORCL ORACLE CORP 0.0%

Value $59.11M (+43.6%) Shares 401,814 (+90.3%) Est. Cost $207.48 Unrealized -18.3%

BKNG BOOKING HOLDINGS INC 0.2%

Value $377M (+4.4%) Shares 896 (+32.7%) Est. Cost $5107.91 Unrealized -6.4%

MELI MERCADOLIBRE INC 0.1%

Value $136M (+12.5%) Shares 784 (+31.1%) Est. Cost $2176.85 Unrealized -5.1%

MELI MERCADOLIBRE INC 0.0%

Value $26.81M (+63.2%) Shares 15,506 (+90.1%) Est. Cost $2176.85 Unrealized -5.1%

MELI MERCADOLIBRE INC 0.0%

Value $104M (+5.8%) Shares 600 (+23.2%) Est. Cost $2176.85 Unrealized -5.1%

BABA ALIBABA GROUP HLDG LTD 0.2%

Value $462M (+1.0%) Shares 36,831 (+18.0%) Est. Cost $106.83 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.6%

Value $1.244B (+0.3%) Shares 61,165 (+5.6%) Est. Cost $221.70 Unrealized 0.0%

BABA ALIBABA GROUP HLDG LTD 0.0%

Value $10.86M (+23.7%) Shares 86,522 (+44.6%) Est. Cost $106.83 Unrealized —

SNOW SNOWFLAKE INC 0.0%

Value $1.286M (+124.4%) Shares 8,529 (+226.4%) Est. Cost $200.69 Unrealized -3.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	442,639 (+32.2%)	$28.79B (+26.0%)	13.3%	$651.15	—	CALL	78462F103
GLD	SPDR GOLD TR	440,477 (+33.9%)	$18.95B (+45.4%)	8.7%	$396.31	—	CALL	78463V107
GLD	SPDR GOLD TR	265,516 (+31.9%)	$11.42B (+43.2%)	5.3%	$396.31	—	PUT	78463V107
HYG	ISHARES TR	430,970 (+49.6%)	$8.926B (+36.1%)	4.1%	$79.56	—	PUT	464288513
MU	MICRON TECHNOLOGY INC	61,550 (+265.2%)	$2.079B (+332.2%)	1.0%	$172.24	+124.7%	CALL	595112103
MU	MICRON TECHNOLOGY INC	56,555 (+168.4%)	$1.911B (+217.7%)	0.9%	$172.24	+124.7%	PUT	595112103
QQQ	INVESCO QQQ TR	274,617 (+15.8%)	$15.85B (+8.8%)	7.3%	—	—	CALL	46090E103
TSLA	TESLA INC	183,335 (+3.9%)	$6.815B (-14.1%)	3.1%	$425.98	0.0%	CALL	88160R101
TSLA	TESLA INC	123,319 (+3.8%)	$4.584B (-14.2%)	2.1%	$425.98	0.0%	PUT	88160R101
TSM	TAIWAN SEMICONDUCTOR MANUFAC	39,990 (+66.9%)	$1.351B (+85.6%)	0.6%	$308.07	—	PUT	874039100
TSM	TAIWAN SEMICONDUCTOR MANUFAC	34,086 (+89.6%)	$1.152B (+110.8%)	0.5%	$308.07	—	CALL	874039100
HYG	ISHARES TR	222,954 (+15.8%)	$4.884B (+12.6%)	2.2%	$79.56	—	CALL	464288513
SLV	ISHARES SILVER TR	477,079 (+7.4%)	$3.251B (+13.7%)	1.5%	$66.12	—	CALL	46428Q109
ORCL	ORACLE CORP	41,479 (+141.6%)	$610M (+82.4%)	0.3%	$207.48	-18.3%	CALL	68389X105
AMZN	AMAZON COM INC	94,702 (+25.0%)	$1.972B (+12.8%)	0.9%	$226.83	0.0%	CALL	023135106
ORCL	ORACLE CORP	40,197 (+106.8%)	$591M (+56.1%)	0.3%	$207.48	-18.3%	PUT	68389X105
AMZN	AMAZON COM INC	74,975 (+27.4%)	$1.562B (+15.0%)	0.7%	$226.83	0.0%	PUT	023135106
AVGO	BROADCOM INC	38,553 (+32.7%)	$1.193B (+18.7%)	0.5%	$305.74	+9.3%	CALL	11135F101
PLTR	PALANTIR TECHNOLOGIES INC	64,273 (+4.0%)	$940M (-14.4%)	0.4%	$97.23	+58.6%	CALL	69608A108
MSFT	MICROSOFT CORP	52,821 (+22.4%)	$1.955B (-6.3%)	0.9%	$434.61	0.0%	PUT	594918104
GOOG	ALPHABET INC	131,189 (+5.5%)	$3.769B (-3.3%)	1.7%	$311.88	+3.8%	CALL	02079K107
PLTR	PALANTIR TECHNOLOGIES INC	72,441 (+8.7%)	$1.06B (-10.6%)	0.5%	$97.23	+58.6%	PUT	69608A108
SLV	ISHARES SILVER TR	3,582,617 (+83.9%)	$244M (+94.5%)	0.1%	$66.12	—	ISHARES	46428Q109
TSM	TAIWAN SEMICONDUCTOR MANUFAC	421,602 (+302.8%)	$142M (+347.9%)	0.1%	$308.07	—	SPONSORED ADS	874039100
COIN	COINBASE GLOBAL INC	34,379 (+9.9%)	$600M (-15.1%)	0.3%	$255.16	-21.4%	CALL	19260Q107
GOOG	ALPHABET INC	539,819 (+216.7%)	$155M (+190.1%)	0.1%	$311.88	+3.8%	CAP STK CL C	02079K107
AVGO	BROADCOM INC	37,971 (+19.6%)	$1.175B (+7.0%)	0.5%	$305.74	+9.3%	PUT	11135F101
QCOM	QUALCOMM INC	5,522 (+3019.8%)	$71.11M (+2248.8%)	0.0%	—	—	CALL	747525103
BKNG	BOOKING HOLDINGS INC	1,196 (+45.7%)	$504M (+14.5%)	0.2%	$5107.91	-6.4%	CALL	09857L108
META	META PLATFORMS INC	48,900 (+13.3%)	$2.798B (-1.8%)	1.3%	$655.57	0.0%	CALL	30303M102
MSFT	MICROSOFT CORP	60,421 (+28.5%)	$2.237B (-1.7%)	1.0%	$434.61	0.0%	CALL	594918104
QCOM	QUALCOMM INC	2,626 (+1501.2%)	$33.82M (+1105.5%)	0.0%	—	—	PUT	747525103
MSTR	STRATEGY INC	505,227 (+117.9%)	$63.05M (+79.0%)	0.0%	$229.32	-36.0%	CL A NEW	594972408
COIN	COINBASE GLOBAL INC	399,232 (+96.9%)	$69.71M (+52.0%)	0.0%	$255.16	-21.4%	COM CL A	19260Q107
BABA	ALIBABA GROUP HLDG LTD	30,376 (+10.6%)	$381M (-5.3%)	0.2%	$106.83	—	PUT	01609W102
META	META PLATFORMS INC	36,418 (+14.3%)	$2.084B (-0.9%)	1.0%	$655.57	0.0%	PUT	30303M102
COIN	COINBASE GLOBAL INC	33,162 (+33.7%)	$579M (+3.2%)	0.3%	$255.16	-21.4%	PUT	19260Q107
ORCL	ORACLE CORP	401,814 (+90.3%)	$59.11M (+43.6%)	0.0%	$207.48	-18.3%	COM	68389X105
BKNG	BOOKING HOLDINGS INC	896 (+32.7%)	$377M (+4.4%)	0.2%	$5107.91	-6.4%	PUT	09857L108
MELI	MERCADOLIBRE INC	784 (+31.1%)	$136M (+12.5%)	0.1%	$2176.85	-5.1%	PUT	58733R102
MELI	MERCADOLIBRE INC	15,506 (+90.1%)	$26.81M (+63.2%)	0.0%	$2176.85	-5.1%	COM	58733R102
MELI	MERCADOLIBRE INC	600 (+23.2%)	$104M (+5.8%)	0.0%	$2176.85	-5.1%	CALL	58733R102
BABA	ALIBABA GROUP HLDG LTD	36,831 (+18.0%)	$462M (+1.0%)	0.2%	$106.83	—	CALL	01609W102
AMD	ADVANCED MICRO DEVICES INC	61,165 (+5.6%)	$1.244B (+0.3%)	0.6%	$221.70	0.0%	PUT	007903107
BABA	ALIBABA GROUP HLDG LTD	86,522 (+44.6%)	$10.86M (+23.7%)	0.0%	$106.83	—	SPONSORED ADS	01609W102
SNOW	SNOWFLAKE INC	8,529 (+226.4%)	$1.286M (+124.4%)	0.0%	$200.69	-3.1%	COM SHS	833445109

Exited Positions (60)

NVDA NVIDIA CORPORATION 0.1%

Value $151M Shares 808,352 Est. Cost $186.13 Unrealized +0.3%

SPY SPDR S&P 500 ETF TR 0.0%

Value $82.59M Shares 121,111 Est. Cost $651.15 Unrealized —

PYPL PAYPAL HLDGS INC 0.0%

Value $31.43M Shares 538,298 Est. Cost $64.84 Unrealized -22.8%

AVGO BROADCOM INC 0.0%

Value $28.16M Shares 81,350 Est. Cost $305.74 Unrealized +9.3%

JPM JPMORGAN CHASE & CO. 0.0%

Value $19.79M Shares 61,419 Est. Cost $304.57 Unrealized +2.2%

NFLX NETFLIX INC 0.0%

Value $19.48M Shares 207,740 Est. Cost $114.90 Unrealized -27.0%

BA BOEING CO 0.0%

Value $17.88M Shares 82,335 Est. Cost $192.77 Unrealized +23.7%

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value $16.97M Shares 4,587 Est. Cost — Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.0%

Value $11.67M Shares 249 Est. Cost $338.65 Unrealized +27.3%

COST COSTCO WHSL CORP NEW 0.0%

Value $10.87M Shares 126 Est. Cost $856.80 Unrealized +12.5%

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value $8.292M Shares 2,241 Est. Cost — Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.0%

Value $5.344M Shares 114 Est. Cost $338.65 Unrealized +27.3%

FSLR FIRST SOLAR INC 0.0%

Value $5.172M Shares 198 Est. Cost — Unrealized —

COST COSTCO WHSL CORP NEW 0.0%

Value $4.657M Shares 54 Est. Cost $856.80 Unrealized +12.5%

COST COSTCO WHSL CORP NEW 0.0%

Value $4.576M Shares 5,307 Est. Cost $856.80 Unrealized +12.5%

XOM EXXON MOBIL CORP 0.0%

Value $4.573M Shares 380 Est. Cost $115.49 Unrealized +20.1%

WFC WELLS FARGO CO NEW 0.0%

Value $4.53M Shares 486 Est. Cost $55.90 Unrealized +61.1%

CRWD CROWDSTRIKE HLDGS INC 0.0%

Value $4.419M Shares 9,426 Est. Cost $338.65 Unrealized +27.3%

SMCI SUPER MICRO COMPUTER INC 0.0%

Value $4.364M Shares 149,085 Est. Cost $44.30 Unrealized -29.8%

CVX CHEVRON CORP NEW 0.0%

Value $4.039M Shares 265 Est. Cost $142.84 Unrealized +20.3%

KRE SPDR SERIES TRUST 0.0%

Value $3.727M Shares 575 Est. Cost — Unrealized —

C CITIGROUP INC 0.0%

Value $3.451M Shares 29,571 Est. Cost $103.64 Unrealized +12.1%

WMT WALMART INC 0.0%

Value $3.231M Shares 290 Est. Cost $107.20 Unrealized +13.8%

FSLR FIRST SOLAR INC 0.0%

Value $3.004M Shares 115 Est. Cost — Unrealized —

XLE SELECT SECTOR SPDR TR 0.0%

Value $2.772M Shares 559 Est. Cost $56.03 Unrealized —

ABNB AIRBNB INC 0.0%

Value $2.755M Shares 203 Est. Cost — Unrealized —

HD HOME DEPOT INC 0.0%

Value $2.753M Shares 80 Est. Cost $361.03 Unrealized +4.4%

UBER UBER TECHNOLOGIES INC 0.0%

Value $2.59M Shares 317 Est. Cost $77.27 Unrealized +1.9%

WFC WELLS FARGO CO NEW 0.0%

Value $2.42M Shares 25,963 Est. Cost $55.90 Unrealized +61.1%

ABNB AIRBNB INC 0.0%

Value $2.402M Shares 177 Est. Cost — Unrealized —

CVX CHEVRON CORP NEW 0.0%

Value $2.301M Shares 151 Est. Cost $142.84 Unrealized +20.3%

XLE SELECT SECTOR SPDR TR 0.0%

Value $2.299M Shares 43,622 Est. Cost $56.03 Unrealized —

XOM EXXON MOBIL CORP 0.0%

Value $2.058M Shares 171 Est. Cost $115.49 Unrealized +20.1%

BIDU BAIDU INC 0.0%

Value $1.986M Shares 152 Est. Cost — Unrealized —

CVX CHEVRON CORP NEW 0.0%

Value $1.63M Shares 10,696 Est. Cost $142.84 Unrealized +20.3%

WMT WALMART INC 0.0%

Value $1.508M Shares 13,537 Est. Cost $107.20 Unrealized +13.8%

ADBE ADOBE INC 0.0%

Value $1.148M Shares 3,281 Est. Cost $364.56 Unrealized -20.5%

WMT WALMART INC 0.0%

Value $1.047M Shares 94 Est. Cost $107.20 Unrealized +13.8%

TGT TARGET CORP 0.0%

Value $987K Shares 101 Est. Cost $134.86 Unrealized -19.0%

UBER UBER TECHNOLOGIES INC 0.0%

Value $817K Shares 100 Est. Cost $77.27 Unrealized +1.9%

WFC WELLS FARGO CO NEW 0.0%

Value $792K Shares 85 Est. Cost $55.90 Unrealized +61.1%

JD JD.COM INC 0.0%

Value $778K Shares 271 Est. Cost $29.48 Unrealized —

BIDU BAIDU INC 0.0%

Value $732K Shares 56 Est. Cost — Unrealized —

HD HOME DEPOT INC 0.0%

Value $723K Shares 21 Est. Cost $361.03 Unrealized +4.4%

TGT TARGET CORP 0.0%

Value $704K Shares 7,203 Est. Cost $134.86 Unrealized -19.0%

OXY OCCIDENTAL PETE CORP 0.0%

Value $633K Shares 154 Est. Cost — Unrealized —

XOP SPDR SERIES TRUST 0.0%

Value $631K Shares 50 Est. Cost — Unrealized —

UPST UPSTART HLDGS INC 0.0%

Value $625K Shares 143 Est. Cost $62.52 Unrealized -35.7%

PDD PDD HOLDINGS INC 0.0%

Value $578K Shares 51 Est. Cost — Unrealized —

JD JD.COM INC 0.0%

Value $557K Shares 19,391 Est. Cost $29.48 Unrealized —

SHOP SHOPIFY INC 0.0%

Value $524K Shares 3,256 Est. Cost $160.56 Unrealized -15.0%

PDD PDD HOLDINGS INC 0.0%

Value $510K Shares 45 Est. Cost — Unrealized —

UPST UPSTART HLDGS INC 0.0%

Value $499K Shares 114 Est. Cost $62.52 Unrealized -35.7%

HD HOME DEPOT INC 0.0%

Value $462K Shares 1,343 Est. Cost $361.03 Unrealized +4.4%

XOP SPDR SERIES TRUST 0.0%

Value $455K Shares 36 Est. Cost — Unrealized —

UPST UPSTART HLDGS INC 0.0%

Value $406K Shares 9,295 Est. Cost $62.52 Unrealized -35.7%

UBER UBER TECHNOLOGIES INC 0.0%

Value $298K Shares 3,641 Est. Cost $77.27 Unrealized +1.9%

XOM EXXON MOBIL CORP 0.0%

Value $269K Shares 2,233 Est. Cost $115.49 Unrealized +20.1%

JD JD.COM INC 0.0%

Value $232K Shares 81 Est. Cost $29.48 Unrealized —

LLY ELI LILLY & CO 0.0%

Value $215K Shares 2 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	808,352	$151M	0.1%	$186.13	+0.3%	—	67066G104
SPY	SPDR S&P 500 ETF TR	121,111	$82.59M	0.0%	$651.15	—	—	78462F103
PYPL	PAYPAL HLDGS INC	538,298	$31.43M	0.0%	$64.84	-22.8%	—	70450Y103
AVGO	BROADCOM INC	81,350	$28.16M	0.0%	$305.74	+9.3%	—	11135F101
JPM	JPMORGAN CHASE & CO.	61,419	$19.79M	0.0%	$304.57	+2.2%	—	46625H100
NFLX	NETFLIX INC	207,740	$19.48M	0.0%	$114.90	-27.0%	—	64110L106
BA	BOEING CO	82,335	$17.88M	0.0%	$192.77	+23.7%	—	097023105
CMG	CHIPOTLE MEXICAN GRILL INC	4,587	$16.97M	0.0%	—	—	CALL	169656105
CRWD	CROWDSTRIKE HLDGS INC	249	$11.67M	0.0%	$338.65	+27.3%	PUT	22788C105
COST	COSTCO WHSL CORP NEW	126	$10.87M	0.0%	$856.80	+12.5%	PUT	22160K105
CMG	CHIPOTLE MEXICAN GRILL INC	2,241	$8.292M	0.0%	—	—	PUT	169656105
CRWD	CROWDSTRIKE HLDGS INC	114	$5.344M	0.0%	$338.65	+27.3%	CALL	22788C105
FSLR	FIRST SOLAR INC	198	$5.172M	0.0%	—	—	CALL	336433107
COST	COSTCO WHSL CORP NEW	54	$4.657M	0.0%	$856.80	+12.5%	CALL	22160K105
COST	COSTCO WHSL CORP NEW	5,307	$4.576M	0.0%	$856.80	+12.5%	—	22160K105
XOM	EXXON MOBIL CORP	380	$4.573M	0.0%	$115.49	+20.1%	CALL	30231G102
WFC	WELLS FARGO CO NEW	486	$4.53M	0.0%	$55.90	+61.1%	PUT	949746101
CRWD	CROWDSTRIKE HLDGS INC	9,426	$4.419M	0.0%	$338.65	+27.3%	—	22788C105
SMCI	SUPER MICRO COMPUTER INC	149,085	$4.364M	0.0%	$44.30	-29.8%	—	86800U302
CVX	CHEVRON CORP NEW	265	$4.039M	0.0%	$142.84	+20.3%	PUT	166764100
KRE	SPDR SERIES TRUST	575	$3.727M	0.0%	—	—	PUT	78464A698
C	CITIGROUP INC	29,571	$3.451M	0.0%	$103.64	+12.1%	—	172967424
WMT	WALMART INC	290	$3.231M	0.0%	$107.20	+13.8%	PUT	931142103
FSLR	FIRST SOLAR INC	115	$3.004M	0.0%	—	—	PUT	336433107
XLE	SELECT SECTOR SPDR TR	559	$2.772M	0.0%	$56.03	—	CALL	81369Y506
ABNB	AIRBNB INC	203	$2.755M	0.0%	—	—	CALL	009066101
HD	HOME DEPOT INC	80	$2.753M	0.0%	$361.03	+4.4%	PUT	437076102
UBER	UBER TECHNOLOGIES INC	317	$2.59M	0.0%	$77.27	+1.9%	PUT	90353T100
WFC	WELLS FARGO CO NEW	25,963	$2.42M	0.0%	$55.90	+61.1%	—	949746101
ABNB	AIRBNB INC	177	$2.402M	0.0%	—	—	PUT	009066101
CVX	CHEVRON CORP NEW	151	$2.301M	0.0%	$142.84	+20.3%	CALL	166764100
XLE	SELECT SECTOR SPDR TR	43,622	$2.299M	0.0%	$56.03	—	—	81369Y506
XOM	EXXON MOBIL CORP	171	$2.058M	0.0%	$115.49	+20.1%	PUT	30231G102
BIDU	BAIDU INC	152	$1.986M	0.0%	—	—	PUT	056752108
CVX	CHEVRON CORP NEW	10,696	$1.63M	0.0%	$142.84	+20.3%	—	166764100
WMT	WALMART INC	13,537	$1.508M	0.0%	$107.20	+13.8%	—	931142103
ADBE	ADOBE INC	3,281	$1.148M	0.0%	$364.56	-20.5%	—	00724F101
WMT	WALMART INC	94	$1.047M	0.0%	$107.20	+13.8%	CALL	931142103
TGT	TARGET CORP	101	$987K	0.0%	$134.86	-19.0%	PUT	87612E106
UBER	UBER TECHNOLOGIES INC	100	$817K	0.0%	$77.27	+1.9%	CALL	90353T100
WFC	WELLS FARGO CO NEW	85	$792K	0.0%	$55.90	+61.1%	CALL	949746101
JD	JD.COM INC	271	$778K	0.0%	$29.48	—	PUT	47215P106
BIDU	BAIDU INC	56	$732K	0.0%	—	—	CALL	056752108
HD	HOME DEPOT INC	21	$723K	0.0%	$361.03	+4.4%	CALL	437076102
TGT	TARGET CORP	7,203	$704K	0.0%	$134.86	-19.0%	—	87612E106
OXY	OCCIDENTAL PETE CORP	154	$633K	0.0%	—	—	CALL	674599105
XOP	SPDR SERIES TRUST	50	$631K	0.0%	—	—	PUT	78468R556
UPST	UPSTART HLDGS INC	143	$625K	0.0%	$62.52	-35.7%	CALL	91680M107
PDD	PDD HOLDINGS INC	51	$578K	0.0%	—	—	CALL	722304102
JD	JD.COM INC	19,391	$557K	0.0%	$29.48	—	—	47215P106
SHOP	SHOPIFY INC	3,256	$524K	0.0%	$160.56	-15.0%	—	82509L107
PDD	PDD HOLDINGS INC	45	$510K	0.0%	—	—	PUT	722304102
UPST	UPSTART HLDGS INC	114	$499K	0.0%	$62.52	-35.7%	PUT	91680M107
HD	HOME DEPOT INC	1,343	$462K	0.0%	$361.03	+4.4%	—	437076102
XOP	SPDR SERIES TRUST	36	$455K	0.0%	—	—	CALL	78468R556
UPST	UPSTART HLDGS INC	9,295	$406K	0.0%	$62.52	-35.7%	—	91680M107
UBER	UBER TECHNOLOGIES INC	3,641	$298K	0.0%	$77.27	+1.9%	—	90353T100
XOM	EXXON MOBIL CORP	2,233	$269K	0.0%	$115.49	+20.1%	—	30231G102
JD	JD.COM INC	81	$232K	0.0%	$29.48	—	CALL	47215P106
LLY	ELI LILLY & CO	2	$215K	0.0%	—	—	PUT	532457108

Decreased Positions (45)

SPY STATE STR SPDR S&P 500 ETF T 17.1%

Value $37.1B (-11.4%) Shares 570,455 (-7.1%) Est. Cost $651.15 Unrealized —

QQQ INVESCO QQQ TR 7.2%

Value $15.58B (-14.2%) Shares 269,857 (-8.7%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 1.7%

Value $3.721B (-20.2%) Shares 213,359 (-14.7%) Est. Cost $186.13 Unrealized +0.3%

NVDA NVIDIA CORPORATION 2.3%

Value $4.9B (-10.8%) Shares 280,971 (-4.6%) Est. Cost $186.13 Unrealized +0.3%

MSTR STRATEGY INC 0.6%

Value $1.238B (-31.8%) Shares 99,177 (-17.0%) Est. Cost $229.32 Unrealized -36.0%

SLV ISHARES SILVER TR 1.9%

Value $4.164B (-11.5%) Shares 611,085 (-16.3%) Est. Cost $66.12 Unrealized —

MSTR STRATEGY INC 0.5%

Value $1.028B (-32.2%) Shares 82,371 (-17.5%) Est. Cost $229.32 Unrealized -36.0%

AAPL APPLE INC 0.9%

Value $2.012B (-12.6%) Shares 79,291 (-6.4%) Est. Cost $262.82 Unrealized 0.0%

AMD ADVANCED MICRO DEVICES INC 0.6%

Value $1.354B (-14.4%) Shares 66,567 (-9.9%) Est. Cost $221.70 Unrealized 0.0%

GLD SPDR GOLD TR 0.0%

Value $46.33M (-65.8%) Shares 107,664 (-68.5%) Est. Cost $396.31 Unrealized —

NFLX NETFLIX INC. 0.3%

Value $663M (-8.9%) Shares 68,934 (-11.1%) Est. Cost $114.90 Unrealized -27.0%

GS GOLDMAN SACHS GROUP INC 0.0%

Value $15.99M (-75.2%) Shares 189 (-74.2%) Est. Cost — Unrealized —

BA BOEING CO 0.0%

Value $21.89M (-66.0%) Shares 1,100 (-62.9%) Est. Cost $192.77 Unrealized +23.7%

GS GOLDMAN SACHS GROUP INC 0.0%

Value $18.78M (-68.9%) Shares 222 (-67.6%) Est. Cost — Unrealized —

CRM SALESFORCE INC 0.0%

Value $22.23M (-65.1%) Shares 1,191 (-50.5%) Est. Cost — Unrealized —

JPM JPMORGAN CHASE & CO 0.0%

Value $5.53M (-87.5%) Shares 188 (-86.3%) Est. Cost $304.57 Unrealized +2.2%

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value $18.65M (-67.4%) Shares 127,488 (-60.4%) Est. Cost $97.23 Unrealized +58.6%

PYPL PAYPAL HLDGS INC 0.0%

Value $249K (-99.3%) Shares 55 (-99.1%) Est. Cost $64.84 Unrealized -22.8%

BKNG BOOKING HOLDINGS INC 0.0%

Value $18.56M (-65.0%) Shares 4,408 (-55.5%) Est. Cost $5107.91 Unrealized -6.4%

BA BOEING CO 0.0%

Value $5.553M (-85.9%) Shares 279 (-84.6%) Est. Cost $192.77 Unrealized +23.7%

CVNA CARVANA CO 0.0%

Value $5.659M (-84.4%) Shares 180 (-79.1%) Est. Cost $408.48 Unrealized 0.0%

SNOW SNOWFLAKE INC 0.0%

Value $9.17M (-76.6%) Shares 608 (-66.0%) Est. Cost $200.69 Unrealized -3.1%

CRM SALESFORCE INC 0.0%

Value $8.213M (-77.9%) Shares 440 (-68.6%) Est. Cost — Unrealized —

CVNA CARVANA CO 0.0%

Value $6.068M (-81.2%) Shares 193 (-74.7%) Est. Cost $408.48 Unrealized 0.0%

XLE SELECT SECTOR SPDR TR 0.0%

Value $1.53M (-94.4%) Shares 310 (-94.0%) Est. Cost $56.03 Unrealized —

C CITIGROUP INC 0.0%

Value $7.53M (-76.9%) Shares 664 (-76.2%) Est. Cost $103.64 Unrealized +12.1%

SNOW SNOWFLAKE INC 0.0%

Value $8.567M (-73.8%) Shares 568 (-61.9%) Est. Cost $200.69 Unrealized -3.1%

JPM JPMORGAN CHASE & CO 0.0%

Value $9.325M (-68.5%) Shares 317 (-65.5%) Est. Cost $304.57 Unrealized +2.2%

MS MORGAN STANLEY 0.0%

Value $9.594M (-66.5%) Shares 583 (-63.9%) Est. Cost — Unrealized —

C CITIGROUP INC 0.0%

Value $11.24M (-57.0%) Shares 991 (-55.7%) Est. Cost $103.64 Unrealized +12.1%

ADBE ADOBE INC 0.0%

Value $3.087M (-82.8%) Shares 127 (-75.2%) Est. Cost $364.56 Unrealized -20.5%

PYPL PAYPAL HLDGS INC 0.0%

Value $3.044M (-82.5%) Shares 673 (-77.4%) Est. Cost $64.84 Unrealized -22.8%

SHOP SHOPIFY INC 0.0%

Value $1.008M (-93.1%) Shares 85 (-90.7%) Est. Cost $160.56 Unrealized -15.0%

DIS DISNEY WALT CO 0.0%

Value $1.426M (-89.9%) Shares 148 (-88.1%) Est. Cost $109.53 Unrealized -0.1%

MS MORGAN STANLEY 0.0%

Value $2.222M (-85.0%) Shares 135 (-83.8%) Est. Cost — Unrealized —

DIS DISNEY WALT CO 0.0%

Value $5.166M (-69.7%) Shares 536 (-64.3%) Est. Cost $109.53 Unrealized -0.1%

ADBE ADOBE INC 0.0%

Value $510K (-94.0%) Shares 21 (-91.3%) Est. Cost $364.56 Unrealized -20.5%

SHOP SHOPIFY INC 0.0%

Value $1.423M (-84.6%) Shares 120 (-79.1%) Est. Cost $160.56 Unrealized -15.0%

SMCI SUPER MICRO COMPUTER INC 0.0%

Value $344K (-95.5%) Shares 151 (-94.2%) Est. Cost $44.30 Unrealized -29.8%

BAC BANK AMERICA CORP 0.0%

Value $4.383M (-62.3%) Shares 899 (-57.4%) Est. Cost $52.67 Unrealized +1.9%

BAC BANK AMERICA CORP 0.0%

Value $5.416M (-45.7%) Shares 1,111 (-38.8%) Est. Cost $52.67 Unrealized +1.9%

SMCI SUPER MICRO COMPUTER INC 0.0%

Value $360K (-92.7%) Shares 158 (-90.6%) Est. Cost $44.30 Unrealized -29.8%

BAC BANK AMERICA CORP 0.0%

Value $1.159M (-68.1%) Shares 23,766 (-64.0%) Est. Cost $52.67 Unrealized +1.9%

DIS DISNEY WALT CO 0.0%

Value $3.08M (-22.6%) Shares 31,960 (-8.6%) Est. Cost $109.53 Unrealized -0.1%

MU MICRON TECHNOLOGY INC 0.0%

Value $99.44M (-0.5%) Shares 294,354 (-16.0%) Est. Cost $172.24 Unrealized +124.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	570,455 (-7.1%)	$37.1B (-11.4%)	17.1%	$651.15	—	PUT	78462F103
QQQ	INVESCO QQQ TR	269,857 (-8.7%)	$15.58B (-14.2%)	7.2%	—	—	PUT	46090E103
NVDA	NVIDIA CORPORATION	213,359 (-14.7%)	$3.721B (-20.2%)	1.7%	$186.13	+0.3%	PUT	67066G104
NVDA	NVIDIA CORPORATION	280,971 (-4.6%)	$4.9B (-10.8%)	2.3%	$186.13	+0.3%	CALL	67066G104
MSTR	STRATEGY INC	99,177 (-17.0%)	$1.238B (-31.8%)	0.6%	$229.32	-36.0%	CALL	594972408
SLV	ISHARES SILVER TR	611,085 (-16.3%)	$4.164B (-11.5%)	1.9%	$66.12	—	PUT	46428Q109
MSTR	STRATEGY INC	82,371 (-17.5%)	$1.028B (-32.2%)	0.5%	$229.32	-36.0%	PUT	594972408
AAPL	APPLE INC	79,291 (-6.4%)	$2.012B (-12.6%)	0.9%	$262.82	0.0%	CALL	037833100
AMD	ADVANCED MICRO DEVICES INC	66,567 (-9.9%)	$1.354B (-14.4%)	0.6%	$221.70	0.0%	CALL	007903107
GLD	SPDR GOLD TR	107,664 (-68.5%)	$46.33M (-65.8%)	0.0%	$396.31	—	GOLD SHS	78463V107
NFLX	NETFLIX INC.	68,934 (-11.1%)	$663M (-8.9%)	0.3%	$114.90	-27.0%	PUT	64110L106
GS	GOLDMAN SACHS GROUP INC	189 (-74.2%)	$15.99M (-75.2%)	0.0%	—	—	PUT	38141G104
BA	BOEING CO	1,100 (-62.9%)	$21.89M (-66.0%)	0.0%	$192.77	+23.7%	CALL	097023105
GS	GOLDMAN SACHS GROUP INC	222 (-67.6%)	$18.78M (-68.9%)	0.0%	—	—	CALL	38141G104
CRM	SALESFORCE INC	1,191 (-50.5%)	$22.23M (-65.1%)	0.0%	—	—	CALL	79466L302
JPM	JPMORGAN CHASE & CO	188 (-86.3%)	$5.53M (-87.5%)	0.0%	$304.57	+2.2%	PUT	46625H100
PLTR	PALANTIR TECHNOLOGIES INC	127,488 (-60.4%)	$18.65M (-67.4%)	0.0%	$97.23	+58.6%	CL A	69608A108
PYPL	PAYPAL HLDGS INC	55 (-99.1%)	$249K (-99.3%)	0.0%	$64.84	-22.8%	PUT	70450Y103
BKNG	BOOKING HOLDINGS INC	4,408 (-55.5%)	$18.56M (-65.0%)	0.0%	$5107.91	-6.4%	COM	09857L108
BA	BOEING CO	279 (-84.6%)	$5.553M (-85.9%)	0.0%	$192.77	+23.7%	PUT	097023105
CVNA	CARVANA CO	180 (-79.1%)	$5.659M (-84.4%)	0.0%	$408.48	0.0%	CALL	146869102
SNOW	SNOWFLAKE INC	608 (-66.0%)	$9.17M (-76.6%)	0.0%	$200.69	-3.1%	PUT	833445109
CRM	SALESFORCE INC	440 (-68.6%)	$8.213M (-77.9%)	0.0%	—	—	PUT	79466L302
CVNA	CARVANA CO	193 (-74.7%)	$6.068M (-81.2%)	0.0%	$408.48	0.0%	PUT	146869102
XLE	SELECT SECTOR SPDR TR	310 (-94.0%)	$1.53M (-94.4%)	0.0%	$56.03	—	PUT	81369Y506
C	CITIGROUP INC	664 (-76.2%)	$7.53M (-76.9%)	0.0%	$103.64	+12.1%	PUT	172967424
SNOW	SNOWFLAKE INC	568 (-61.9%)	$8.567M (-73.8%)	0.0%	$200.69	-3.1%	CALL	833445109
JPM	JPMORGAN CHASE & CO	317 (-65.5%)	$9.325M (-68.5%)	0.0%	$304.57	+2.2%	CALL	46625H100
MS	MORGAN STANLEY	583 (-63.9%)	$9.594M (-66.5%)	0.0%	—	—	CALL	617446448
C	CITIGROUP INC	991 (-55.7%)	$11.24M (-57.0%)	0.0%	$103.64	+12.1%	CALL	172967424
ADBE	ADOBE INC	127 (-75.2%)	$3.087M (-82.8%)	0.0%	$364.56	-20.5%	CALL	00724F101
PYPL	PAYPAL HLDGS INC	673 (-77.4%)	$3.044M (-82.5%)	0.0%	$64.84	-22.8%	CALL	70450Y103
SHOP	SHOPIFY INC	85 (-90.7%)	$1.008M (-93.1%)	0.0%	$160.56	-15.0%	CALL	82509L107
DIS	DISNEY WALT CO	148 (-88.1%)	$1.426M (-89.9%)	0.0%	$109.53	-0.1%	CALL	254687106
MS	MORGAN STANLEY	135 (-83.8%)	$2.222M (-85.0%)	0.0%	—	—	PUT	617446448
DIS	DISNEY WALT CO	536 (-64.3%)	$5.166M (-69.7%)	0.0%	$109.53	-0.1%	PUT	254687106
ADBE	ADOBE INC	21 (-91.3%)	$510K (-94.0%)	0.0%	$364.56	-20.5%	PUT	00724F101
SHOP	SHOPIFY INC	120 (-79.1%)	$1.423M (-84.6%)	0.0%	$160.56	-15.0%	PUT	82509L107
SMCI	SUPER MICRO COMPUTER INC	151 (-94.2%)	$344K (-95.5%)	0.0%	$44.30	-29.8%	PUT	86800U302
BAC	BANK AMERICA CORP	899 (-57.4%)	$4.383M (-62.3%)	0.0%	$52.67	+1.9%	CALL	060505104
BAC	BANK AMERICA CORP	1,111 (-38.8%)	$5.416M (-45.7%)	0.0%	$52.67	+1.9%	PUT	060505104
SMCI	SUPER MICRO COMPUTER INC	158 (-90.6%)	$360K (-92.7%)	0.0%	$44.30	-29.8%	CALL	86800U302
BAC	BANK AMERICA CORP	23,766 (-64.0%)	$1.159M (-68.1%)	0.0%	$52.67	+1.9%	COM	060505104
DIS	DISNEY WALT CO	31,960 (-8.6%)	$3.08M (-22.6%)	0.0%	$109.53	-0.1%	COM	254687106
MU	MICRON TECHNOLOGY INC	294,354 (-16.0%)	$99.44M (-0.5%)	0.0%	$172.24	+124.7%	COM	595112103

Unchanged Positions (3)

GOOG ALPHABET INC 1.5%

Value $3.311B Shares 115,253 Est. Cost $311.88 Unrealized +3.8%

AAPL APPLE INC 0.9%

Value $1.886B Shares 74,329 Est. Cost $262.82 Unrealized 0.0%

NFLX NETFLIX INC. 0.4%

Value $763M Shares 79,390 Est. Cost $114.90 Unrealized -27.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	115,253	$3.311B	1.5%	$311.88	+3.8%	PUT	02079K107
AAPL	APPLE INC	74,329	$1.886B	0.9%	$262.82	0.0%	PUT	037833100
NFLX	NETFLIX INC.	79,390	$763M	0.4%	$114.90	-27.0%	CALL	64110L106