Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BIRK	BIRKENSTOCK HOLDING PLC	304,339	$10.9M	6.7%	$39.95	0.0%	COM SHS	M2029K104
GLW	CORNING INC	65,720	$8.936M	5.5%	$111.68	0.0%	COM	219350105
ATEX	ANTERIX INC	229,561	$8.767M	5.4%	$27.41	0.0%	COM	03676C100
CROX	CROCS INC	100,990	$8.384M	5.1%	$88.18	0.0%	COM	227046109
NOK	NOKIA CORP	939,065	$7.55M	4.6%	$8.04	—	SPONSORED ADR	654902204
GMTL	GUARDIAN METAL RES PLC	359,507	$6.284M	3.9%	$17.48	—	SPONSORED ADS ADDED	401382106
HNGE	HINGE HEALTH INC	117,162	$4.518M	2.8%	$40.59	0.0%	CL A	433313103
AKAM	AKAMAI TECHNOLOGIES INC	20,000	$2.297M	1.4%	$95.71	0.0%	COM	00971T101
MPTI	M-TRON INDS INC	31,801	$2.126M	1.3%	$62.91	0.0%	COM	55380K109
ZVIA	ZEVIA PBC	1,743,031	$2.039M	1.3%	$1.77	0.0%	CL A	98955K104
BMM	BLUE MOON METALS INC	78,349	$512K	0.3%	$4.07	0.0%	COM ADDED	09570Q509

Increased Positions (3)

BL BLACKLINE INC 9.6%

Value $15.58M (-23.9%) Shares 421,149 (+13.7%) Est. Cost $54.07 Unrealized -13.7%

AD ARRAY DIGITAL INFRASTRUCTURE 4.5%

Value $7.402M (+54.6%) Shares 160,434 (+79.6%) Est. Cost $43.94 Unrealized +8.6%

SPT SPROUT SOCIAL INC 1.9%

Value $3.173M (-26.0%) Shares 556,606 (+46.4%) Est. Cost $11.63 Unrealized -24.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BL	BLACKLINE INC	421,149 (+13.7%)	$15.58M (-23.9%)	9.6%	$54.07	-13.7%	COM	09239B109
AD	ARRAY DIGITAL INFRASTRUCTURE	160,434 (+79.6%)	$7.402M (+54.6%)	4.5%	$43.94	+8.6%	COM	911684108
SPT	SPROUT SOCIAL INC	556,606 (+46.4%)	$3.173M (-26.0%)	1.9%	$11.63	-24.9%	COM CL A	85209W109

Exited Positions (14)

MSFT MICROSOFT CORP 11.5%

Value $18.71M Shares 38,694 Est. Cost $172.10 Unrealized +152.5%

DBRG DIGITALBRIDGE GROUP INC 9.4%

Value $15.39M Shares 1,003,583 Est. Cost $12.71 Unrealized +21.0%

— BLACKROCK SCIENCE & TECHNOLO 7.5%

Value $12.18M Shares 538,710 Est. Cost $19.53 Unrealized —

AMBA AMBARELLA INC 6.5%

Value $10.52M Shares 148,537 Est. Cost $61.10 Unrealized +10.1%

IE IVANHOE ELECTRIC INC 5.8%

Value $9.406M Shares 588,590 Est. Cost $9.89 Unrealized +75.6%

U UNITY SOFTWARE INC 5.4%

Value $8.834M Shares 200,000 Est. Cost $29.85 Unrealized +9.5%

CWAN CLEARWATER ANALYTICS HLDGS I 5.2%

Value $8.442M Shares 350,000 Est. Cost $20.03 Unrealized +19.0%

RDDT REDDIT INC 4.7%

Value $7.701M Shares 33,500 Est. Cost $113.37 Unrealized +67.3%

— JAMF HLDG CORP 3.0%

Value $4.849M Shares 372,707 Est. Cost $11.08 Unrealized —

UNF UNIFIRST CORP MASS 2.4%

Value $3.858M Shares 20,000 Est. Cost $168.52 Unrealized +27.2%

ESTC ELASTIC N V 1.9%

Value $3.018M Shares 40,000 Est. Cost $81.59 Unrealized -17.9%

SXT SENSIENT TECHNOLOGIES CORP 1.6%

Value $2.575M Shares 27,408 Est. Cost $94.35 Unrealized +1.4%

METC RAMACO RES INC 1.3%

Value $2.055M Shares 114,176 Est. Cost $23.24 Unrealized -15.5%

SSD SIMPSON MFG INC 0.9%

Value $1.476M Shares 9,141 Est. Cost $178.32 Unrealized +5.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	38,694	$18.71M	11.5%	$172.10	+152.5%	—	594918104
DBRG	DIGITALBRIDGE GROUP INC	1,003,583	$15.39M	9.4%	$12.71	+21.0%	—	25401T603
—	BLACKROCK SCIENCE & TECHNOLO	538,710	$12.18M	7.5%	$19.53	—	—	09260K101
AMBA	AMBARELLA INC	148,537	$10.52M	6.5%	$61.10	+10.1%	—	G037AX101
IE	IVANHOE ELECTRIC INC	588,590	$9.406M	5.8%	$9.89	+75.6%	—	46578C108
U	UNITY SOFTWARE INC	200,000	$8.834M	5.4%	$29.85	+9.5%	—	91332U101
CWAN	CLEARWATER ANALYTICS HLDGS I	350,000	$8.442M	5.2%	$20.03	+19.0%	—	185123106
RDDT	REDDIT INC	33,500	$7.701M	4.7%	$113.37	+67.3%	—	75734B100
—	JAMF HLDG CORP	372,707	$4.849M	3.0%	$11.08	—	—	47074L105
UNF	UNIFIRST CORP MASS	20,000	$3.858M	2.4%	$168.52	+27.2%	—	904708104
ESTC	ELASTIC N V	40,000	$3.018M	1.9%	$81.59	-17.9%	—	N14506104
SXT	SENSIENT TECHNOLOGIES CORP	27,408	$2.575M	1.6%	$94.35	+1.4%	—	81725T100
METC	RAMACO RES INC	114,176	$2.055M	1.3%	$23.24	-15.5%	—	75134P600
SSD	SIMPSON MFG INC	9,141	$1.476M	0.9%	$178.32	+5.3%	—	829073105

Decreased Positions (15)

TLN TALEN ENERGY CORP 2.0%

Value $3.326M (-88.6%) Shares 10,418 (-86.6%) Est. Cost $202.30 Unrealized +82.0%

TAC TRANSALTA CORP 6.4%

Value $10.35M (-52.5%) Shares 790,373 (-54.2%) Est. Cost $10.73 Unrealized +20.5%

TPB TURNING PT BRANDS INC 2.6%

Value $4.212M (-63.6%) Shares 48,527 (-54.5%) Est. Cost $61.91 Unrealized +98.2%

STX SEAGATE TECHNOLOGY HLDNGS PL 6.8%

Value $11.1M (-34.6%) Shares 28,340 (-54.0%) Est. Cost $102.43 Unrealized +267.5%

YETI YETI HLDGS INC 5.7%

Value $9.329M (-34.2%) Shares 254,953 (-20.5%) Est. Cost $34.95 Unrealized +35.7%

BILL BILL HOLDINGS INC 4.0%

Value $6.563M (-39.8%) Shares 171,360 (-14.3%) Est. Cost $46.44 Unrealized +1.2%

FRSH FRESHWORKS INC 0.3%

Value $519K (-89.3%) Shares 64,630 (-83.7%) Est. Cost $13.47 Unrealized -26.6%

BLND BLEND LABS INC 0.6%

Value $934K (-81.5%) Shares 549,702 (-66.9%) Est. Cost $3.19 Unrealized -23.9%

CMRC COMMERCE.COM INC 1.2%

Value $1.999M (-65.7%) Shares 748,662 (-47.1%) Est. Cost $7.42 Unrealized -55.3%

WEAV WEAVE COMMUNICATIONS INC 1.8%

Value $2.862M (-51.4%) Shares 619,392 (-20.2%) Est. Cost $6.64 Unrealized -3.9%

NXDR NEXTDOOR HOLDINGS INC 1.7%

Value $2.72M (-49.1%) Shares 1,942,617 (-23.7%) Est. Cost $1.94 Unrealized -3.9%

LGN LEGENCE CORP 0.9%

Value $1.415M (-64.8%) Shares 25,059 (-73.2%) Est. Cost $31.48 Unrealized +55.1%

AMRZ AMRIZE LTD 5.8%

Value $9.375M (-20.9%) Shares 167,358 (-23.6%) Est. Cost $50.86 Unrealized +12.3%

GEV GE VERNOVA INC 4.9%

Value $7.93M (-11.0%) Shares 9,085 (-33.3%) Est. Cost $152.10 Unrealized +384.5%

SOLS SOLSTICE ADVANCED MATLS INC 1.0%

Value $1.66M (-17.4%) Shares 21,802 (-47.3%) Est. Cost $47.08 Unrealized +38.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TLN	TALEN ENERGY CORP	10,418 (-86.6%)	$3.326M (-88.6%)	2.0%	$202.30	+82.0%	COM	87422Q109
TAC	TRANSALTA CORP	790,373 (-54.2%)	$10.35M (-52.5%)	6.4%	$10.73	+20.5%	COM	89346D107
TPB	TURNING PT BRANDS INC	48,527 (-54.5%)	$4.212M (-63.6%)	2.6%	$61.91	+98.2%	COM	90041L105
STX	SEAGATE TECHNOLOGY HLDNGS PL	28,340 (-54.0%)	$11.1M (-34.6%)	6.8%	$102.43	+267.5%	ORD SHS	G7997R103
YETI	YETI HLDGS INC	254,953 (-20.5%)	$9.329M (-34.2%)	5.7%	$34.95	+35.7%	COM	98585X104
BILL	BILL HOLDINGS INC	171,360 (-14.3%)	$6.563M (-39.8%)	4.0%	$46.44	+1.2%	COM	090043100
FRSH	FRESHWORKS INC	64,630 (-83.7%)	$519K (-89.3%)	0.3%	$13.47	-26.6%	CLASS A COM	358054104
BLND	BLEND LABS INC	549,702 (-66.9%)	$934K (-81.5%)	0.6%	$3.19	-23.9%	CL A	09352U108
CMRC	COMMERCE.COM INC	748,662 (-47.1%)	$1.999M (-65.7%)	1.2%	$7.42	-55.3%	COM SER 1	08975P108
WEAV	WEAVE COMMUNICATIONS INC	619,392 (-20.2%)	$2.862M (-51.4%)	1.8%	$6.64	-3.9%	COM	94724R108
NXDR	NEXTDOOR HOLDINGS INC	1,942,617 (-23.7%)	$2.72M (-49.1%)	1.7%	$1.94	-3.9%	COM CL A	65345M108
LGN	LEGENCE CORP	25,059 (-73.2%)	$1.415M (-64.8%)	0.9%	$31.48	+55.1%	CL A	52476L109
AMRZ	AMRIZE LTD	167,358 (-23.6%)	$9.375M (-20.9%)	5.8%	$50.86	+12.3%	SHS	H2927K103
GEV	GE VERNOVA INC	9,085 (-33.3%)	$7.93M (-11.0%)	4.9%	$152.10	+384.5%	COM	36828A101
SOLS	SOLSTICE ADVANCED MATLS INC	21,802 (-47.3%)	$1.66M (-17.4%)	1.0%	$47.08	+38.5%	SHSCOM	83443Q103

Unchanged Positions (2)

META META PLATFORMS INC 0.1%

Value $125K Shares 218 Est. Cost $667.32 Unrealized -1.8%

BBBY/WS BED BATH & BEYOND INC 0.0%

Value $19,374 Shares 34,506 Est. Cost $0.66 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	218	$125K	0.1%	$667.32	-1.8%	CL A	30303M102
BBBY/WS	BED BATH & BEYOND INC	34,506	$19,374	0.0%	$0.66	—	*W EXP 10/07/202	075896159