Ratan Capital Management LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SEI	Solaris Energy Infrastructure Inc	250,095	$11,497	3.2%	$48.29	0.0%	COM	83418M103
BE	Bloom Energy Corp	116,504	$10,123	2.8%	$105.07	0.0%	CL A	093712107
ORCL	Oracle Corp	48,000	$9,356	2.6%	$238.05	0.0%	COM	68389X105
MP	MP Materials Corp	140,000	$7,073	1.9%	$63.41	0.0%	COM	553368101
AMD	Advanced Micro Devices Inc	30,000	$6,425	1.8%	$224.60	0.0%	COM	007903107
PUMP	ProPetro Holding Corp	658,860	$6,266	1.7%	$8.69	0.0%	COM	74347M108
GOOGL	ALPHABET INC CLASS A	20,000	$6,260	1.7%	$285.60	0.0%	CL A	02079K305
FRMI	Fermi Inc	240,911	$1,927	0.5%	$19.51	0.0%	COM	314911108
RTX	RTX Corp	5,000	$917	0.3%	$173.32	0.0%	COM	75513E101
QQQ	Invesco QQQ Trust Series 1	864	$531	0.1%	$614.31	—	ETF	46090E103
VLTO	Veralto Corp	1,866	$186	0.1%	$101.01	0.0%	COM	92338C103

Increased Positions (14)

MSFT Microsoft Corp 7.4%

Value ($000) $26,884 (+1031.1%) Shares 57,839 (+1160.4%) Est. Cost $492.16 Unrealized +1.7%

APP Applovin Corp 7.8%

Value ($000) $28,455 (+560.0%) Shares 42,230 (+603.8%) Est. Cost $589.24 Unrealized +6.9%

NVDA NVIDIA Corp 10.8%

Value ($000) $39,294 (+128.7%) Shares 210,693 (+128.8%) Est. Cost $155.35 Unrealized +19.8%

AMZN Amazon.Com Inc 9.3%

Value ($000) $33,826 (+175.1%) Shares 149,047 (+166.2%) Est. Cost $204.30 Unrealized +12.0%

META Meta Platforms Inc 7.9%

Value ($000) $28,697 (+82.0%) Shares 44,474 (+107.1%) Est. Cost $575.75 Unrealized +15.9%

FIGR Figure Technology Solutions Inc 4.6%

Value ($000) $16,572 (+51.9%) Shares 405,780 (+35.3%) Est. Cost $39.14 Unrealized +2.2%

AVGO Broadcom Inc 3.8%

Value ($000) $13,667 (+58.0%) Shares 39,490 (+50.6%) Est. Cost $240.62 Unrealized +48.4%

BA Boeing Co 3.9%

Value ($000) $14,113 (+52.1%) Shares 68,000 (+58.1%) Est. Cost $216.57 Unrealized -5.0%

U Unity Software Inc 1.5%

Value ($000) $5,583 (+176.7%) Shares 126,399 (+150.8%) Est. Cost $39.29 Unrealized +3.7%

LION Lionsgate Studios Corp 3.4%

Value ($000) $12,499 (+36.7%) Shares 1,368,972 (+3.3%) Est. Cost $6.46 Unrealized +10.2%

SOLV Solventum Corp 5.0%

Value ($000) $18,273 (+22.0%) Shares 250,605 (+22.1%) Est. Cost $73.66 Unrealized +4.0%

VST Vistra Corp 6.6%

Value ($000) $23,824 (-9.0%) Shares 196,476 (+30.9%) Est. Cost $144.68 Unrealized +25.7%

TMO Thermo Fisher Scientific Inc 0.2%

Value ($000) $898 (+54.3%) Shares 1,550 (+29.2%) Est. Cost $520.49 Unrealized +8.6%

NOW ServiceNow Inc 0.3%

Value ($000) $919 (-16.8%) Shares 6,000 (+400.0%) Est. Cost $159.28 Unrealized +7.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corp	57,839 (+1160.4%)	$26,884 (+1031.1%)	7.4%	$492.16	+1.7%	COM	594918104
APP	Applovin Corp	42,230 (+603.8%)	$28,455 (+560.0%)	7.8%	$589.24	+6.9%	CL A	03831W108
NVDA	NVIDIA Corp	210,693 (+128.8%)	$39,294 (+128.7%)	10.8%	$155.35	+19.8%	COM	67066G104
AMZN	Amazon.Com Inc	149,047 (+166.2%)	$33,826 (+175.1%)	9.3%	$204.30	+12.0%	COM	023135106
META	Meta Platforms Inc	44,474 (+107.1%)	$28,697 (+82.0%)	7.9%	$575.75	+15.9%	CL A	30303M102
FIGR	Figure Technology Solutions Inc	405,780 (+35.3%)	$16,572 (+51.9%)	4.6%	$39.14	+2.2%	CL A	349381103
AVGO	Broadcom Inc	39,490 (+50.6%)	$13,667 (+58.0%)	3.8%	$240.62	+48.4%	COM	11135F101
BA	Boeing Co	68,000 (+58.1%)	$14,113 (+52.1%)	3.9%	$216.57	-5.0%	COM	097023105
U	Unity Software Inc	126,399 (+150.8%)	$5,583 (+176.7%)	1.5%	$39.29	+3.7%	COM	91332U101
LION	Lionsgate Studios Corp	1,368,972 (+3.3%)	$12,499 (+36.7%)	3.4%	$6.46	+10.2%	COM	53626N102
SOLV	Solventum Corp	250,605 (+22.1%)	$18,273 (+22.0%)	5.0%	$73.66	+4.0%	COM	83444M101
VST	Vistra Corp	196,476 (+30.9%)	$23,824 (-9.0%)	6.6%	$144.68	+25.7%	COM	92840M102
TMO	Thermo Fisher Scientific Inc	1,550 (+29.2%)	$898 (+54.3%)	0.2%	$520.49	+8.6%	COM	883556102
NOW	ServiceNow Inc	6,000 (+400.0%)	$919 (-16.8%)	0.3%	$159.28	+7.7%	COM	81762P102

Exited Positions (2)

METC Ramaco Resources Inc 2.0%

Value ($000) $7,393 Shares 222,755 Est. Cost $23.24 Unrealized +13.0%

GGAL Grupo Financiero Galicia SA 0.4%

Value ($000) $1,516 Shares 55,000 Est. Cost $54.47 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
METC	Ramaco Resources Inc	222,755	$7,393	2.0%	$23.24	+13.0%	—	75134P600
GGAL	Grupo Financiero Galicia SA	55,000	$1,516	0.4%	$54.47	—	—	399909100

Decreased Positions (3)

SXT Sensient Technologies Corp 2.3%

Value ($000) $8,510 (-13.2%) Shares 90,575 (-13.3%) Est. Cost $109.43 Unrealized -13.8%

JBI Janus International Group Inc 0.0%

Value ($000) $179 (-54.0%) Shares 27,401 (-30.5%) Est. Cost $11.17 Unrealized -30.3%

SBUX Starbucks Corp 0.1%

Value ($000) $506 (-6.6%) Shares 6,004 (-6.2%) Est. Cost $85.80 Unrealized -2.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SXT	Sensient Technologies Corp	90,575 (-13.3%)	$8,510 (-13.2%)	2.3%	$109.43	-13.8%	COM	81725T100
JBI	Janus International Group Inc	27,401 (-30.5%)	$179 (-54.0%)	0.0%	$11.17	-30.3%	COM	47103N106
SBUX	Starbucks Corp	6,004 (-6.2%)	$506 (-6.6%)	0.1%	$85.80	-2.0%	COM	855244109

Unchanged Positions (10)

FOUR Shift4 Payments Inc 1.3%

Value ($000) $4,597 Shares 85,703 Est. Cost $85.94 Unrealized -17.8%

— Bausch Lomb Corp 3.0%

Value ($000) $10,943 Shares 650,712 Est. Cost $18.06 Unrealized —

BRCB Black Rock Coffee Bar Inc 2.0%

Value ($000) $7,120 Shares 320,000 Est. Cost $26.13 Unrealized -11.3%

CRS Carpenter Technology Corp 0.6%

Value ($000) $2,017 Shares 6,407 Est. Cost $107.62 Unrealized +179.3%

DHR Danaher Corp 0.4%

Value ($000) $1,282 Shares 5,600 Est. Cost $235.90 Unrealized -6.9%

IQV IQVIA Holdings Inc 0.2%

Value ($000) $753 Shares 3,342 Est. Cost $199.25 Unrealized +9.2%

KEYS Keysight Technologies Inc 0.2%

Value ($000) $742 Shares 3,650 Est. Cost $141.81 Unrealized +30.9%

FXI iShares China Large-Cap ETF 0.2%

Value ($000) $574 Shares 15,000 Est. Cost $367.69 Unrealized —

HDB HDFC Bank Ltd 0.1%

Value ($000) $475 Shares 13,000 Est. Cost $55.93 Unrealized —

MA MasterCard Inc 0.5%

Value ($000) $1,770 Shares 3,100 Est. Cost $312.51 Unrealized +78.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FOUR	Shift4 Payments Inc	85,703	$4,597	1.3%	$85.94	-17.8%	CL A	82452J109
—	Bausch Lomb Corp	650,712	$10,943	3.0%	$18.06	—	COM	717051076
BRCB	Black Rock Coffee Bar Inc	320,000	$7,120	2.0%	$26.13	-11.3%	CL A	092244102
CRS	Carpenter Technology Corp	6,407	$2,017	0.6%	$107.62	+179.3%	COM	144285103
DHR	Danaher Corp	5,600	$1,282	0.4%	$235.90	-6.9%	COM	235851102
IQV	IQVIA Holdings Inc	3,342	$753	0.2%	$199.25	+9.2%	COM	46266C105
KEYS	Keysight Technologies Inc	3,650	$742	0.2%	$141.81	+30.9%	COM	49338L103
FXI	iShares China Large-Cap ETF	15,000	$574	0.2%	$367.69	—	ETF	464287184
HDB	HDFC Bank Ltd	13,000	$475	0.1%	$55.93	—	SPONSORED ADS	40415F101
MA	MasterCard Inc	3,100	$1,770	0.5%	$312.51	+78.9%	COM	57636Q104