Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OCTV	OCTAVE INTELLIGENCE PLC	1,922,160	$31.33M	3.9%	—	—	ORD SHS CL B	G22845104
XOMA	XOMA ROYALTY CORPORATION	709,247	$30.14M	3.8%	—	—	COM NEW	98419J206
PSIX	POWER SOLUTIONS INTL INC	600,890	$23.37M	2.9%	—	—	COM NEW	73933G202
XRN	CHIRON REAL ESTATE INC	406,414	$15.25M	1.9%	—	—	COM NEW	37954A303
NVRI	ENVIRI CORP	374,194	$8.214M	1.0%	—	—	COM	29390K102
VCX	FUNDRISE INNOVATION FD LLC	40,000	$3.457M	0.4%	—	—	COM SHS	360852107
ZOOZ	ZOOZ STRATEGY LTD	537,499	$2.978M	0.4%	—	—	ORD SHS	M2573A239
ENHA	ENHANCED GROUP INC	99,998	$287K	0.0%	—	—	COM CL A	29333R107

Increased Positions (7)

QDEL QUIDELORTHO CORP 14.5%

Value $116M (+54.9%) Shares 6,625,000 (+45.3%) Est. Cost — Unrealized —

GDOT GREEN DOT CORP 2.0%

Value $16.26M (+915.9%) Shares 1,203,203 (+743.7%) Est. Cost — Unrealized —

CCOI COGENT COMM HOLDINGS INC 2.9%

Value $22.98M (-23.8%) Shares 1,655,895 (+3.5%) Est. Cost — Unrealized —

MAGN MAGNERA CORP 4.1%

Value $32.9M (+25.3%) Shares 2,800,000 (+1.4%) Est. Cost — Unrealized —

SRG SERITAGE GROWTH PPTYS 0.7%

Value $5.96M (+5058.2%) Shares 2,266,230 (+5411.3%) Est. Cost — Unrealized —

ELME ELME COMMUNITIES 0.5%

Value $3.7M (+493.3%) Shares 2,500,000 (+705.8%) Est. Cost — Unrealized —

RCKT ROCKET PHARMACEUTICALS INC 1.7%

Value $13.68M (+20.7%) Shares 4,000,000 (+26.3%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QDEL	QUIDELORTHO CORP	6,625,000 (+45.3%)	$116M (+54.9%)	14.5%	—	—	COM	219798105
GDOT	GREEN DOT CORP	1,203,203 (+743.7%)	$16.26M (+915.9%)	2.0%	—	—	CL A	39304D102
CCOI	COGENT COMM HOLDINGS INC	1,655,895 (+3.5%)	$22.98M (-23.8%)	2.9%	—	—	COM NEW	19239V302
MAGN	MAGNERA CORP	2,800,000 (+1.4%)	$32.9M (+25.3%)	4.1%	—	—	COM SHS	55939A107
SRG	SERITAGE GROWTH PPTYS	2,266,230 (+5411.3%)	$5.96M (+5058.2%)	0.7%	—	—	CL A	81752R100
ELME	ELME COMMUNITIES	2,500,000 (+705.8%)	$3.7M (+493.3%)	0.5%	—	—	SH BEN INT	939653101
RCKT	ROCKET PHARMACEUTICALS INC	4,000,000 (+26.3%)	$13.68M (+20.7%)	1.7%	—	—	COM	77313F106

Exited Positions (7)

NVRI ENVIRI CORP 13.5%

Value $108M Shares 5,502,200 Est. Cost — Unrealized —

VISN VISTANCE NETWORKS INC 8.6%

Value $68.48M Shares 3,762,713 Est. Cost — Unrealized —

USAR USA RARE EARTH INC 4.4%

Value $35.41M Shares 2,339,613 Est. Cost — Unrealized —

DXYZ DESTINY TECH100 INC 1.2%

Value $9.239M Shares 345,000 Est. Cost — Unrealized —

RARE ULTRAGENYX PHARMACEUTICAL IN 1.0%

Value $8.38M Shares 400,000 Est. Cost — Unrealized —

ZOOZ ZOOZ STRATEGY LTD 0.5%

Value $4.035M Shares 13,404,564 Est. Cost — Unrealized —

QURE UNIQURE NV 0.2%

Value $1.434M Shares 87,684 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVRI	ENVIRI CORP	5,502,200	$108M	13.5%	—	—	—	415864107
VISN	VISTANCE NETWORKS INC	3,762,713	$68.48M	8.6%	—	—	—	20337X109
USAR	USA RARE EARTH INC	2,339,613	$35.41M	4.4%	—	—	—	91733P107
DXYZ	DESTINY TECH100 INC	345,000	$9.239M	1.2%	—	—	—	25063F107
RARE	ULTRAGENYX PHARMACEUTICAL IN	400,000	$8.38M	1.0%	—	—	—	90400D108
ZOOZ	ZOOZ STRATEGY LTD	13,404,564	$4.035M	0.5%	—	—	—	M2573A106
QURE	UNIQURE NV	87,684	$1.434M	0.2%	—	—	—	N90064101

Decreased Positions (13)

AD ARRAY DIGITAL INFRASTRUCTURE 2.7%

Value $21.65M (-71.0%) Shares 597,090 (-63.1%) Est. Cost — Unrealized —

TBPH THERAVANCE BIOPHARMA INC 7.3%

Value $58.38M (-25.7%) Shares 3,434,191 (-29.1%) Est. Cost — Unrealized —

RHLD RESOLUTE HLDGS MGMT INC 3.7%

Value $29.26M (-25.6%) Shares 202,423 (-16.5%) Est. Cost — Unrealized —

TFX TELEFLEX INCORPORATED 4.8%

Value $38.66M (-19.2%) Shares 305,000 (-23.8%) Est. Cost — Unrealized —

CNNE CANNAE HLDGS INC 5.7%

Value $45.64M (+22.9%) Shares 3,169,631 (-3.0%) Est. Cost — Unrealized —

WEAV WEAVE COMMUNICATIONS INC 5.1%

Value $40.67M (+25.8%) Shares 6,790,000 (-3.0%) Est. Cost — Unrealized —

INDV INDIVIOR PHARMACEUTICALS INC 6.7%

Value $53.58M (-12.1%) Shares 1,305,795 (-34.7%) Est. Cost — Unrealized —

PAR PAR TECHNOLOGY CORP 5.3%

Value $42.13M (+15.7%) Shares 2,418,754 (-11.5%) Est. Cost — Unrealized —

BV BRIGHTVIEW HLDGS INC 3.4%

Value $27.49M (+11.0%) Shares 1,940,000 (-7.6%) Est. Cost — Unrealized —

CMP COMPASS MINERALS INTL INC 2.5%

Value $19.68M (+9.5%) Shares 632,326 (-17.9%) Est. Cost — Unrealized —

MREO MEREO BIOPHARMA GROUP PLC 0.1%

Value $953K (-59.2%) Shares 3,000,000 (-57.6%) Est. Cost — Unrealized —

WVE WAVE LIFE SCIENCES LTD 0.2%

Value $1.249M (-42.6%) Shares 215,000 (-28.3%) Est. Cost — Unrealized —

ATAI ATAIBECKLEY INC 0.8%

Value $6.26M (-0.8%) Shares 1,187,808 (-33.3%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AD	ARRAY DIGITAL INFRASTRUCTURE	597,090 (-63.1%)	$21.65M (-71.0%)	2.7%	—	—	COM	911684108
TBPH	THERAVANCE BIOPHARMA INC	3,434,191 (-29.1%)	$58.38M (-25.7%)	7.3%	—	—	COM	G8807B106
RHLD	RESOLUTE HLDGS MGMT INC	202,423 (-16.5%)	$29.26M (-25.6%)	3.7%	—	—	COM	76134H101
TFX	TELEFLEX INCORPORATED	305,000 (-23.8%)	$38.66M (-19.2%)	4.8%	—	—	COM	879369106
CNNE	CANNAE HLDGS INC	3,169,631 (-3.0%)	$45.64M (+22.9%)	5.7%	—	—	COM	13765N107
WEAV	WEAVE COMMUNICATIONS INC	6,790,000 (-3.0%)	$40.67M (+25.8%)	5.1%	—	—	COM	94724R108
INDV	INDIVIOR PHARMACEUTICALS INC	1,305,795 (-34.7%)	$53.58M (-12.1%)	6.7%	—	—	COM	45579U109
PAR	PAR TECHNOLOGY CORP	2,418,754 (-11.5%)	$42.13M (+15.7%)	5.3%	—	—	COM	698884103
BV	BRIGHTVIEW HLDGS INC	1,940,000 (-7.6%)	$27.49M (+11.0%)	3.4%	—	—	COM	10948C107
CMP	COMPASS MINERALS INTL INC	632,326 (-17.9%)	$19.68M (+9.5%)	2.5%	—	—	COM	20451N101
MREO	MEREO BIOPHARMA GROUP PLC	3,000,000 (-57.6%)	$953K (-59.2%)	0.1%	—	—	SPON ADS	589492107
WVE	WAVE LIFE SCIENCES LTD	215,000 (-28.3%)	$1.249M (-42.6%)	0.2%	—	—	SHS	Y95308105
ATAI	ATAIBECKLEY INC	1,187,808 (-33.3%)	$6.26M (-0.8%)	0.8%	—	—	COM SHS	04650F101

Unchanged Positions (6)

AIV APARTMENT INVT & MGMT CO 4.5%

Value $36.23M Shares 12,200,000 Est. Cost — Unrealized —

GRAL GRAIL INC 1.3%

Value $10.24M Shares 150,000 Est. Cost — Unrealized —

SPB SPECTRUM BRANDS HOLDINGS INC 2.0%

Value $15.86M Shares 185,012 Est. Cost — Unrealized —

NODK NI HLDGS INC 1.3%

Value $10.53M Shares 670,000 Est. Cost — Unrealized —

FLWS 1 800 FLOWERS COM INC 1.5%

Value $12.18M Shares 3,500,000 Est. Cost — Unrealized —

FSP FRANKLIN STR PPTYS CORP 0.5%

Value $3.682M Shares 7,150,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AIV	APARTMENT INVT & MGMT CO	12,200,000	$36.23M	4.5%	—	—	CL A	03748R747
GRAL	GRAIL INC	150,000	$10.24M	1.3%	—	—	COM	384747101
SPB	SPECTRUM BRANDS HOLDINGS INC	185,012	$15.86M	2.0%	—	—	COM	84790A105
NODK	NI HLDGS INC	670,000	$10.53M	1.3%	—	—	COM	65342T106
FLWS	1 800 FLOWERS COM INC	3,500,000	$12.18M	1.5%	—	—	CL A	68243Q106
FSP	FRANKLIN STR PPTYS CORP	7,150,000	$3.682M	0.5%	—	—	COM	35471R106