Ratan Capital Management LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RHLD	Resolute Holdings Management Inc	39,866	$6,470	2.4%	$197.90	0.0%	COM	76134H101
PLTR	Palantir Technologies Inc	37,525	$5,489	2.0%	$154.17	0.0%	CL A	69608A108
—	Intel Corp	115,303	$5,088	1.9%	$44.13	—	COM	458110100
LITE	Lumentum Holdings Inc	6,862	$4,822	1.8%	$467.14	0.0%	COM	55024U109
OCUL	Ocular Therapeutix Inc	188,775	$1,599	0.6%	$9.83	0.0%	COM	67576A100
APLD	Applied Digital Corp	50,000	$1,187	0.4%	$34.31	0.0%	COM	038169207

Increased Positions (5)

QQQ Invesco QQQ Trust Series 1 3.5%

Value ($000) $9,466 (+1683.4%) Shares 30,467 (+3426.3%) Est. Cost $319.30 Unrealized —

AMZN Amazon.Com Inc 14.5%

Value ($000) $39,136 (+15.7%) Shares 187,911 (+26.1%) Est. Cost $208.96 Unrealized +8.6%

GOOGL ALPHABET INC CLASS A 3.8%

Value ($000) $10,120 (+61.7%) Shares 35,191 (+76.0%) Est. Cost $301.87 Unrealized +7.1%

META Meta Platforms Inc 12.0%

Value ($000) $32,419 (+13.0%) Shares 56,663 (+27.4%) Est. Cost $592.92 Unrealized +10.6%

AVGO Broadcom Inc 4.8%

Value ($000) $12,944 (-5.3%) Shares 41,822 (+5.9%) Est. Cost $245.84 Unrealized +35.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	Invesco QQQ Trust Series 1	30,467 (+3426.3%)	$9,466 (+1683.4%)	3.5%	$319.30	—	ETF	46090E103
AMZN	Amazon.Com Inc	187,911 (+26.1%)	$39,136 (+15.7%)	14.5%	$208.96	+8.6%	COM	023135106
GOOGL	ALPHABET INC CLASS A	35,191 (+76.0%)	$10,120 (+61.7%)	3.8%	$301.87	+7.1%	CLA	02079K305
META	Meta Platforms Inc	56,663 (+27.4%)	$32,419 (+13.0%)	12.0%	$592.92	+10.6%	CL A	30303M102
AVGO	Broadcom Inc	41,822 (+5.9%)	$12,944 (-5.3%)	4.8%	$245.84	+35.9%	COM	11135F101

Exited Positions (9)

ORCL Oracle Corp 3.5%

Value ($000) $9,356 Shares 48,000 Est. Cost $238.05 Unrealized -28.8%

SXT Sensient Technologies Corp 3.2%

Value ($000) $8,510 Shares 90,575 Est. Cost $109.43 Unrealized -12.5%

BRCB Black Rock Coffee Bar Inc 2.6%

Value ($000) $7,120 Shares 320,000 Est. Cost $26.13 Unrealized -35.6%

MP MP Materials Corp 2.6%

Value ($000) $7,073 Shares 140,000 Est. Cost $63.41 Unrealized -2.6%

U Unity Software Inc 2.1%

Value ($000) $5,583 Shares 126,399 Est. Cost $39.29 Unrealized -16.8%

CRS Carpenter Technology Corp 0.7%

Value ($000) $2,017 Shares 6,407 Est. Cost $107.62 Unrealized +224.6%

FRMI Fermi Inc 0.7%

Value ($000) $1,927 Shares 240,911 Est. Cost $19.51 Unrealized -52.1%

FXI iShares China Large-Cap ETF 0.2%

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

JBI Janus International Group Inc 0.1%

Value ($000) $179 Shares 27,401 Est. Cost $11.17 Unrealized -37.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	Oracle Corp	48,000	$9,356	3.5%	$238.05	-28.8%	—	68389X105
SXT	Sensient Technologies Corp	90,575	$8,510	3.2%	$109.43	-12.5%	—	81725T100
BRCB	Black Rock Coffee Bar Inc	320,000	$7,120	2.6%	$26.13	-35.6%	—	092244102
MP	MP Materials Corp	140,000	$7,073	2.6%	$63.41	-2.6%	—	553368101
U	Unity Software Inc	126,399	$5,583	2.1%	$39.29	-16.8%	—	91332U101
CRS	Carpenter Technology Corp	6,407	$2,017	0.7%	$107.62	+224.6%	—	144285103
FRMI	Fermi Inc	240,911	$1,927	0.7%	$19.51	-52.1%	—	314911108
FXI	iShares China Large-Cap ETF	15,000	$574	0.2%	$367.69	—	—	464287184
JBI	Janus International Group Inc	27,401	$179	0.1%	$11.17	-37.3%	—	47103N106

Decreased Positions (14)

MSFT Microsoft Corp 0.3%

Value ($000) $833 (-96.9%) Shares 2,250 (-96.1%) Est. Cost $492.16 Unrealized -11.7%

APP Applovin Corp 2.7%

Value ($000) $7,209 (-74.7%) Shares 18,114 (-57.1%) Est. Cost $589.24 Unrealized -13.9%

SOLV Solventum Corp 0.5%

Value ($000) $1,306 (-92.9%) Shares 20,000 (-92.0%) Est. Cost $73.66 Unrealized +6.4%

NVDA NVIDIA Corp 11.3%

Value ($000) $30,346 (-22.8%) Shares 174,002 (-17.4%) Est. Cost $155.35 Unrealized +20.1%

FIGR Figure Technology Solutions Inc 3.2%

Value ($000) $8,509 (-48.7%) Shares 250,636 (-38.2%) Est. Cost $39.14 Unrealized +26.1%

BA Boeing Co 2.4%

Value ($000) $6,434 (-54.4%) Shares 32,328 (-52.5%) Est. Cost $216.57 Unrealized +10.1%

VST Vertiv Holdings Co 10.8%

Value ($000) $29,166 (+22.4%) Shares 147,766 (-24.8%) Est. Cost $144.68 Unrealized +12.8%

SEI Solaris Energy Infrastructure Inc 2.3%

Value ($000) $6,219 (-45.9%) Shares 110,046 (-56.0%) Est. Cost $48.29 Unrealized +9.8%

FOUR Shift4 Payments Inc 0.7%

Value ($000) $1,996 (-56.6%) Shares 45,640 (-46.7%) Est. Cost $85.94 Unrealized -29.2%

— Bausch Lomb Corp 3.2%

Value ($000) $8,535 (-22.0%) Shares 536,768 (-17.5%) Est. Cost $18.06 Unrealized —

BE Bloom Energy Corp 3.1%

Value ($000) $8,332 (-17.7%) Shares 61,494 (-47.2%) Est. Cost $105.07 Unrealized +37.7%

AMD Advanced Micro Devices Inc 2.0%

Value ($000) $5,431 (-15.5%) Shares 26,696 (-11.0%) Est. Cost $224.60 Unrealized -1.3%

PUMP ProPetro Holding Corp 2.2%

Value ($000) $6,059 (-3.3%) Shares 420,481 (-36.2%) Est. Cost $8.69 Unrealized +24.9%

LION Lionsgate Studios Corp 4.7%

Value ($000) $12,669 (+1.4%) Shares 1,321,072 (-3.5%) Est. Cost $6.46 Unrealized +39.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	Microsoft Corp	2,250 (-96.1%)	$833 (-96.9%)	0.3%	$492.16	-11.7%	COM	594918104
APP	Applovin Corp	18,114 (-57.1%)	$7,209 (-74.7%)	2.7%	$589.24	-13.9%	COM	03831W108
SOLV	Solventum Corp	20,000 (-92.0%)	$1,306 (-92.9%)	0.5%	$73.66	+6.4%	COM	83444M101
NVDA	NVIDIA Corp	174,002 (-17.4%)	$30,346 (-22.8%)	11.3%	$155.35	+20.1%	COM	67066G104
FIGR	Figure Technology Solutions Inc	250,636 (-38.2%)	$8,509 (-48.7%)	3.2%	$39.14	+26.1%	CL A	349381103
BA	Boeing Co	32,328 (-52.5%)	$6,434 (-54.4%)	2.4%	$216.57	+10.1%	COM	097023105
VST	Vertiv Holdings Co	147,766 (-24.8%)	$29,166 (+22.4%)	10.8%	$144.68	+12.8%	COM	92840M102
SEI	Solaris Energy Infrastructure Inc	110,046 (-56.0%)	$6,219 (-45.9%)	2.3%	$48.29	+9.8%	COM	83418M103
FOUR	Shift4 Payments Inc	45,640 (-46.7%)	$1,996 (-56.6%)	0.7%	$85.94	-29.2%	CL A	82452J109
—	Bausch Lomb Corp	536,768 (-17.5%)	$8,535 (-22.0%)	3.2%	$18.06	—	COM	717051076
BE	Bloom Energy Corp	61,494 (-47.2%)	$8,332 (-17.7%)	3.1%	$105.07	+37.7%	CL A	093712107
AMD	Advanced Micro Devices Inc	26,696 (-11.0%)	$5,431 (-15.5%)	2.0%	$224.60	-1.3%	COM	007903107
PUMP	ProPetro Holding Corp	420,481 (-36.2%)	$6,059 (-3.3%)	2.2%	$8.69	+24.9%	COM	74347M108
LION	Lionsgate Studios Corp	1,321,072 (-3.5%)	$12,669 (+1.4%)	4.7%	$6.46	+39.0%	COM	53626N102

Unchanged Positions (10)

NOW ServiceNow Inc 0.2%

Value ($000) $627 Shares 6,000 Est. Cost $159.28 Unrealized -23.9%

KEYS Keysight Technologies Inc 0.4%

Value ($000) $1,031 Shares 3,650 Est. Cost $141.81 Unrealized +61.0%

MA MasterCard Inc 0.6%

Value ($000) $1,549 Shares 3,100 Est. Cost $312.51 Unrealized +72.5%

DHR Danaher Corp 0.4%

Value ($000) $1,062 Shares 5,600 Est. Cost $235.90 Unrealized -4.8%

IQV IQVIA Holdings Inc 0.2%

Value ($000) $570 Shares 3,342 Est. Cost $199.25 Unrealized +5.5%

HDB HDFC Bank Ltd 0.1%

Value ($000) $323 Shares 13,000 Est. Cost $55.93 Unrealized —

TMO Thermo Fisher Scientific Inc 0.3%

Value ($000) $762 Shares 1,550 Est. Cost $520.49 Unrealized +10.4%

RTX RTX Corp 0.4%

Value ($000) $965 Shares 5,000 Est. Cost $173.32 Unrealized +13.4%

SBUX Starbucks Corp 0.2%

Value ($000) $538 Shares 6,004 Est. Cost $85.80 Unrealized +9.1%

VLTO Veralto Corp 0.1%

Value ($000) $165 Shares 1,866 Est. Cost $101.01 Unrealized -3.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NOW	ServiceNow Inc	6,000	$627	0.2%	$159.28	-23.9%	COM	81762P102
KEYS	Keysight Technologies Inc	3,650	$1,031	0.4%	$141.81	+61.0%	COM	49338L103
MA	MasterCard Inc	3,100	$1,549	0.6%	$312.51	+72.5%	COM	57636Q104
DHR	Danaher Corp	5,600	$1,062	0.4%	$235.90	-4.8%	COM	235851102
IQV	IQVIA Holdings Inc	3,342	$570	0.2%	$199.25	+5.5%	COM	46266C105
HDB	HDFC Bank Ltd	13,000	$323	0.1%	$55.93	—	SPONSORED ADS	40415F101
TMO	Thermo Fisher Scientific Inc	1,550	$762	0.3%	$520.49	+10.4%	COM	883556102
RTX	RTX Corp	5,000	$965	0.4%	$173.32	+13.4%	COM	75513E101
SBUX	Starbucks Corp	6,004	$538	0.2%	$85.80	+9.1%	COM	855244109
VLTO	Veralto Corp	1,866	$165	0.1%	$101.01	-3.5%	COM	92338C103