Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ARM	ARM HOLDINGS PLC	15,346	$2.322M	5.3%	$151.28	—	SPONSORED ADS	042068205
XLY	SELECT SECTOR SPDR TR	17,677	$1.926M	4.4%	$108.98	—	STATE STREET CON	81369Y407
FTI	TECHNIPFMC PLC	16,223	$1.121M	2.5%	$56.35	0.0%	COM	G87110105
MDLN	MEDLINE INC	23,541	$1.048M	2.4%	$44.84	0.0%	COM CL A	58507V107
ADSK	AUTODESK INC	4,320	$1.034M	2.3%	$253.74	0.0%	COM	052769106
CRWV	COREWEAVE INC	11,000	$852K	1.9%	$91.48	0.0%	COM CL A	21873S108
CHYM	CHIME FINL INC	42,610	$798K	1.8%	$24.01	0.0%	COM SHS CL A	16935C109
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,622	$777K	1.8%	$493.47	0.0%	CL B NEW	084670702
SNOW	SNOWFLAKE INC	4,900	$739K	1.7%	$194.49	0.0%	COM SHS	833445109
TFC	TRUIST FINL CORP	14,905	$685K	1.6%	$51.15	0.0%	COM	89832Q109
XPO	XPO INC	3,500	$681K	1.5%	$170.37	0.0%	COM	983793100
META	META PLATFORMS INC	1,171	$670K	1.5%	$655.57	0.0%	CL A	30303M102
TIGO	MILLICOM INTL CELLULAR S A	8,000	$600K	1.4%	$61.08	0.0%	COM STK	L6388F110
GFL	GFL ENVIRONMENTAL INC	14,100	$588K	1.3%	$42.91	0.0%	SUB VTG SHS	36168Q104
BMNR	BITMINE IMMERSION TECNOLOGIE	28,600	$566K	1.3%	$25.42	0.0%	COM NEW	09175A206
SPG	SIMON PPTY GROUP INC NEW	2,900	$541K	1.2%	$183.97	0.0%	COM	828806109
BE	BLOOM ENERGY CORP	3,900	$528K	1.2%	$144.65	0.0%	COM CL A	093712107
MTZ	MASTEC INC	1,620	$521K	1.2%	$250.19	0.0%	COM	576323109
FIGR	FIGURE TECHNOLOGY SOLUTIO	15,063	$511K	1.2%	$49.37	0.0%	COM CL A	349381103
XEL	XCEL ENERGY INC	6,300	$500K	1.1%	$77.17	0.0%	COM	98389B100
SO	SOUTHERN CO	4,603	$444K	1.0%	$89.54	0.0%	COM	842587107
JBS	JBS N.V.	23,300	$418K	1.0%	$15.40	0.0%	CL A SHS	N4732M103
AIG	AMERICAN INTL GROUP INC	5,300	$399K	0.9%	$76.34	0.0%	COM NEW	026874784
BDX	BECTON DICKINSON & CO	2,500	$393K	0.9%	$167.83	0.0%	COM	075887109
PSA	PUBLIC STORAGE OPER CO	1,440	$390K	0.9%	$258.44	0.0%	COM	74460D109
MET	METLIFE INC	5,400	$382K	0.9%	$77.44	0.0%	COM	59156R108
CRCL	CIRCLE INTERNET GROUP INC	4,000	$382K	0.9%	$69.72	0.0%	COM CL A	172573107
NFLX	NETFLIX INC.	3,967	$381K	0.9%	$83.84	0.0%	COM	64110L106
CDE	COEUR MNG INC	19,100	$359K	0.8%	$22.32	0.0%	COM NEW	192108504
WWD	WOODWARD INC	990	$354K	0.8%	$353.24	0.0%	COM	980745103
CARR	CARRIER GLOBAL CORPORATION	6,200	$349K	0.8%	$59.66	0.0%	COM	14448C104
SN	SHARKNINJA INC	3,200	$339K	0.8%	$122.72	0.0%	COM SHS	G8068L108
JPM	JPMORGAN CHASE & CO	1,120	$329K	0.7%	$311.42	0.0%	COM	46625H100
EW	EDWARDS LIFESCIENCES CORP	4,100	$328K	0.7%	$81.94	0.0%	COM	28176E108
STX	SEAGATE TECHNOLOGY HLDNGS PL	821	$322K	0.7%	$376.45	0.0%	ORD SHS	G7997R103
D	DOMINION ENERGY INC	5,200	$321K	0.7%	$61.62	0.0%	COM	25746U109
KMB	KIMBERLY-CLARK CORP	3,300	$318K	0.7%	$103.08	0.0%	COM	494368103
UBS	UBS GROUP AG	8,208	$315K	0.7%	$45.56	0.0%	SHS	H42097107
V	VISA INC	1,008	$305K	0.7%	$329.17	0.0%	COM CL A	92826C839
AGX	ARGAN INC	552	$301K	0.7%	$370.57	0.0%	COM	04010E109
ULS	UL SOLUTIONS INC	3,500	$300K	0.7%	$75.83	0.0%	CLASS A COM SHS	903731107
PRAX	PRAXIS PRECISION MEDICINES I	925	$298K	0.7%	$311.81	0.0%	COM NEW	74006W207
FISV	FISERV INC	5,300	$296K	0.7%	$63.95	0.0%	COM	337738108
FDX	FEDEX CORP	800	$285K	0.6%	$338.93	0.0%	COM	31428X106
KDP	KEURIG DR PEPPER INC	10,100	$266K	0.6%	$28.32	0.0%	COM	49271V100
UMBF	UMB FINL CORP	2,300	$259K	0.6%	$125.06	0.0%	COM	902788108
CPRT	COPART INC	7,800	$259K	0.6%	$39.16	0.0%	COM	217204106
FTNT	FORTINET INC	3,100	$253K	0.6%	$79.98	0.0%	COM	34959E109
ALB	ALBEMARLE CORP	1,400	$251K	0.6%	$171.25	0.0%	COM	012653101
ONB	OLD NATL BANCORP IND	10,400	$230K	0.5%	$24.15	0.0%	COM	680033107
GD	GENERAL DYNAMICS CORP	633	$217K	0.5%	$354.49	0.0%	COM	369550108
NEE	NEXTERA ENERGY INC	2,300	$214K	0.5%	$87.17	0.0%	COM	65339F101
RY	ROYAL BK CDA	1,300	$210K	0.5%	$169.94	0.0%	COM	780087102
O	REALTY INCOME CORP	3,300	$202K	0.5%	$57.31	0.0%	COM	756109104
NAVN	NAVAN INC	13,400	$177K	0.4%	$12.98	0.0%	CL A	639193101
DOLE	DOLE PLC	10,400	$149K	0.3%	$15.39	0.0%	ORD SHS	G27907107
NAUT	NAUTILUS BIOTECHNOLOGY INC	12,397	$48,100	0.1%	$2.21	0.0%	COM	63909J108
OCGN	OCUGEN INC	18,633	$33,726	0.1%	$1.56	0.0%	COM	67577C105
CCO	CLEAR CHANNEL OUTDOOR HLDGS	13,698	$32,464	0.1%	$2.20	0.0%	COM	18453H106
URG	UR-ENERGY INC	21,126	$31,478	0.1%	$1.71	0.0%	COM	91688R108
PALI	PALISADE BIO INC	17,441	$30,522	0.1%	$1.78	0.0%	COM	696389402
ZNTL	ZENTALIS PHARMACEUTICALS INC	12,500	$29,250	0.1%	$2.61	0.0%	COM	98943L107
CRBU	CARIBOU BIOSCIENCES INC	15,076	$28,644	0.1%	$1.62	0.0%	COM	142038108
CCCC	C4 THERAPEUTICS INC	10,792	$28,383	0.1%	$2.09	0.0%	COM STK	12529R107
MBOT	MICROBOT MED INC	11,718	$28,240	0.1%	$2.05	0.0%	COM NEW	59503A204
LXRX	LEXICON PHARMACEUTICALS INC	17,544	$27,369	0.1%	$1.35	0.0%	COM NEW	528872302
TRON	TRON INC	11,999	$27,238	0.1%	$1.42	0.0%	COM	85237B101
IMUX	IMMUNIC INC	24,390	$27,073	0.1%	$0.72	0.0%	COM	4525EP101
SPCE	VIRGIN GALACTIC HOLDINGS INC	11,111	$27,000	0.1%	$2.85	0.0%	COM NEW	92766K403
PLBY	PLAYBOY INC	17,751	$26,982	0.1%	$1.89	0.0%	COM	72814P109
SMRT	SMARTRENT INC	17,241	$25,862	0.1%	$1.72	0.0%	COM CL A	83193G107
SES	SES AI CORPORATION	26,548	$25,539	0.1%	$2.00	0.0%	CL A COM	78397Q109
AREC	AMERICAN RES CORP	10,238	$24,776	0.1%	$3.34	0.0%	CL A	02927U208
LCTX	LINEAGE CELL THERAPEUTICS IN	15,307	$24,185	0.1%	$1.70	0.0%	COM	53566P109
PROK	PROKIDNEY CORP	13,453	$24,081	0.1%	$2.14	0.0%	SHS CL A	74291D104
ALTS	ALT5 SIGMA CORP	21,126	$23,450	0.1%	$1.80	0.0%	COM	47089W104
IVVD	INVIVYD INC	17,648	$22,942	0.1%	$1.98	0.0%	COM	00534A102
VERI	VERITONE INC	10,033	$19,765	0.0%	$3.78	0.0%	COM	92347M100
RANI	RANI THERAPEUTICS HLDGS INC	23,622	$17,357	0.0%	$1.32	0.0%	COM CL A	753018100
REI	RING ENERGY INC	11,278	$17,255	0.0%	$1.13	0.0%	COM	76680V108
ORBS	EIGHTCO HOLDINGS INC	13,274	$12,374	0.0%	$1.45	0.0%	COM	22890A302

Increased Positions (9)

COIN COINBASE GLOBAL INC 6.1%

Value $2.693M (+302.0%) Shares 15,423 (+420.7%) Est. Cost $208.21 Unrealized -3.7%

AFL AFLAC INC 2.4%

Value $1.074M (+387.0%) Shares 9,789 (+389.4%) Est. Cost $110.93 Unrealized +0.3%

AZO AUTOZONE INC 2.0%

Value $868K (+228.2%) Shares 257 (+229.5%) Est. Cost $3671.46 Unrealized -1.3%

COHR COHERENT CORP 1.5%

Value $675K (+174.9%) Shares 2,833 (+113.0%) Est. Cost $183.41 Unrealized +16.3%

AVGO BROADCOM INC 4.4%

Value $1.928M (-7.5%) Shares 6,228 (+3.5%) Est. Cost $343.08 Unrealized -2.6%

XLC SELECT SECTOR SPDR TR 6.7%

Value $2.95M (+3.6%) Shares 26,609 (+10.0%) Est. Cost $117.10 Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 0.9%

Value $403K (+30.2%) Shares 12,600 (+50.5%) Est. Cost $37.05 Unrealized +4.7%

MSTR STRATEGY INC 1.4%

Value $625K (-5.8%) Shares 5,008 (+14.7%) Est. Cost $299.96 Unrealized -51.1%

PYPL PAYPAL HLDGS INC 0.6%

Value $276K (-7.7%) Shares 6,100 (+19.1%) Est. Cost $62.47 Unrealized -19.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
COIN	COINBASE GLOBAL INC	15,423 (+420.7%)	$2.693M (+302.0%)	6.1%	$208.21	-3.7%	COM CL A	19260Q107
AFL	AFLAC INC	9,789 (+389.4%)	$1.074M (+387.0%)	2.4%	$110.93	+0.3%	COM	001055102
AZO	AUTOZONE INC	257 (+229.5%)	$868K (+228.2%)	2.0%	$3671.46	-1.3%	COM	053332102
COHR	COHERENT CORP	2,833 (+113.0%)	$675K (+174.9%)	1.5%	$183.41	+16.3%	COM	19247G107
AVGO	BROADCOM INC	6,228 (+3.5%)	$1.928M (-7.5%)	4.4%	$343.08	-2.6%	COM	11135F101
XLC	SELECT SECTOR SPDR TR	26,609 (+10.0%)	$2.95M (+3.6%)	6.7%	$117.10	—	STATE STREET COM	81369Y852
CMG	CHIPOTLE MEXICAN GRILL INC	12,600 (+50.5%)	$403K (+30.2%)	0.9%	$37.05	+4.7%	COM	169656105
MSTR	STRATEGY INC	5,008 (+14.7%)	$625K (-5.8%)	1.4%	$299.96	-51.1%	CL A NEW	594972408
PYPL	PAYPAL HLDGS INC	6,100 (+19.1%)	$276K (-7.7%)	0.6%	$62.47	-19.8%	COM	70450Y103

Exited Positions (28)

XLE SELECT SECTOR SPDR TR 6.5%

Value $2.842M Shares 63,562 Est. Cost $44.71 Unrealized —

XLRE SELECT SECTOR SPDR TR 6.4%

Value $2.826M Shares 70,031 Est. Cost $41.08 Unrealized —

XLU SELECT SECTOR SPDR TR 6.4%

Value $2.822M Shares 66,094 Est. Cost $42.69 Unrealized —

PANW PALO ALTO NETWORKS INC 4.9%

Value $2.137M Shares 11,600 Est. Cost $201.75 Unrealized -14.7%

XLI SELECT SECTOR SPDR TR 4.0%

Value $1.762M Shares 11,362 Est. Cost $154.23 Unrealized —

AAPL APPLE INC 3.7%

Value $1.618M Shares 5,950 Est. Cost $268.34 Unrealized -2.1%

IYR ISHARES TR 3.1%

Value $1.371M Shares 14,600 Est. Cost $93.89 Unrealized —

GILD GILEAD SCIENCES INC 2.5%

Value $1.117M Shares 9,100 Est. Cost $120.88 Unrealized +14.5%

PLD PROLOGIS INC. 2.0%

Value $868K Shares 6,800 Est. Cost $123.86 Unrealized +4.2%

AMZN AMAZON COM INC 1.8%

Value $814K Shares 3,528 Est. Cost $211.85 Unrealized +7.1%

EQIX EQUINIX INC 1.3%

Value $552K Shares 720 Est. Cost $781.19 Unrealized -2.2%

MSFT MICROSOFT CORP 1.2%

Value $542K Shares 1,120 Est. Cost $500.58 Unrealized -13.2%

CMI CUMMINS INC 1.1%

Value $483K Shares 947 Est. Cost $466.32 Unrealized +23.4%

AEP AMERICAN ELEC PWR CO INC 0.9%

Value $408K Shares 3,540 Est. Cost $117.70 Unrealized +2.4%

LITE LUMENTUM HLDGS INC 0.8%

Value $355K Shares 962 Est. Cost $256.82 Unrealized +81.9%

FTAI FTAI AVIATION LTD 0.8%

Value $335K Shares 1,700 Est. Cost $143.80 Unrealized +88.3%

STE STERIS PLC 0.7%

Value $323K Shares 1,273 Est. Cost $251.13 Unrealized +1.7%

A AGILENT TECHNOLOGIES INC 0.6%

Value $286K Shares 2,100 Est. Cost $143.72 Unrealized -6.2%

EOG EOG RES INC 0.6%

Value $284K Shares 2,700 Est. Cost $117.95 Unrealized -4.9%

SRE SEMPRA 0.6%

Value $283K Shares 3,200 Est. Cost $90.54 Unrealized -1.1%

ROP ROPER TECHNOLOGIES INC 0.6%

Value $279K Shares 627 Est. Cost $462.16 Unrealized -18.2%

MLM MARTIN MARIETTA MATLS INC 0.6%

Value $274K Shares 440 Est. Cost $621.36 Unrealized +6.4%

ZTS ZOETIS INC 0.6%

Value $264K Shares 2,100 Est. Cost $130.26 Unrealized -3.3%

GL GLOBE LIFE INC 0.6%

Value $253K Shares 1,809 Est. Cost $135.45 Unrealized +4.7%

APD AIR PRODS & CHEMS INC 0.6%

Value $253K Shares 1,023 Est. Cost $251.65 Unrealized +7.9%

WDAY WORKDAY INC 0.5%

Value $224K Shares 1,041 Est. Cost $227.21 Unrealized -24.0%

TOST TOAST INC 0.5%

Value $210K Shares 5,900 Est. Cost $36.05 Unrealized -14.0%

NGD NEW GOLD INC CDA 0.3%

Value $111K Shares 12,800 Est. Cost $7.53 Unrealized +45.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XLE	SELECT SECTOR SPDR TR	63,562	$2.842M	6.5%	$44.71	—	—	81369Y506
XLRE	SELECT SECTOR SPDR TR	70,031	$2.826M	6.4%	$41.08	—	—	81369Y860
XLU	SELECT SECTOR SPDR TR	66,094	$2.822M	6.4%	$42.69	—	—	81369Y886
PANW	PALO ALTO NETWORKS INC	11,600	$2.137M	4.9%	$201.75	-14.7%	—	697435105
XLI	SELECT SECTOR SPDR TR	11,362	$1.762M	4.0%	$154.23	—	—	81369Y704
AAPL	APPLE INC	5,950	$1.618M	3.7%	$268.34	-2.1%	—	037833100
IYR	ISHARES TR	14,600	$1.371M	3.1%	$93.89	—	—	464287739
GILD	GILEAD SCIENCES INC	9,100	$1.117M	2.5%	$120.88	+14.5%	—	375558103
PLD	PROLOGIS INC.	6,800	$868K	2.0%	$123.86	+4.2%	—	74340W103
AMZN	AMAZON COM INC	3,528	$814K	1.8%	$211.85	+7.1%	—	023135106
EQIX	EQUINIX INC	720	$552K	1.3%	$781.19	-2.2%	—	29444U700
MSFT	MICROSOFT CORP	1,120	$542K	1.2%	$500.58	-13.2%	—	594918104
CMI	CUMMINS INC	947	$483K	1.1%	$466.32	+23.4%	—	231021106
AEP	AMERICAN ELEC PWR CO INC	3,540	$408K	0.9%	$117.70	+2.4%	—	025537101
LITE	LUMENTUM HLDGS INC	962	$355K	0.8%	$256.82	+81.9%	—	55024U109
FTAI	FTAI AVIATION LTD	1,700	$335K	0.8%	$143.80	+88.3%	—	G3730V105
STE	STERIS PLC	1,273	$323K	0.7%	$251.13	+1.7%	—	G8473T100
A	AGILENT TECHNOLOGIES INC	2,100	$286K	0.6%	$143.72	-6.2%	—	00846U101
EOG	EOG RES INC	2,700	$284K	0.6%	$117.95	-4.9%	—	26875P101
SRE	SEMPRA	3,200	$283K	0.6%	$90.54	-1.1%	—	816851109
ROP	ROPER TECHNOLOGIES INC	627	$279K	0.6%	$462.16	-18.2%	—	776696106
MLM	MARTIN MARIETTA MATLS INC	440	$274K	0.6%	$621.36	+6.4%	—	573284106
ZTS	ZOETIS INC	2,100	$264K	0.6%	$130.26	-3.3%	—	98978V103
GL	GLOBE LIFE INC	1,809	$253K	0.6%	$135.45	+4.7%	—	37959E102
APD	AIR PRODS & CHEMS INC	1,023	$253K	0.6%	$251.65	+7.9%	—	009158106
WDAY	WORKDAY INC	1,041	$224K	0.5%	$227.21	-24.0%	—	98138H101
TOST	TOAST INC	5,900	$210K	0.5%	$36.05	-14.0%	—	888787108
NGD	NEW GOLD INC CDA	12,800	$111K	0.3%	$7.53	+45.8%	—	644535106

Decreased Positions (4)

WMT WALMART INC 2.0%

Value $869K (-91.2%) Shares 6,995 (-92.1%) Est. Cost $107.20 Unrealized +13.8%

TSLA TESLA INC 2.1%

Value $903K (-87.4%) Shares 2,430 (-84.8%) Est. Cost $316.05 Unrealized +34.8%

NVDA NVIDIA CORPORATION 2.8%

Value $1.212M (-70.8%) Shares 6,949 (-68.8%) Est. Cost $175.66 Unrealized +6.2%

SNDK SANDISK CORP 1.6%

Value $699K (+69.3%) Shares 1,100 (-36.7%) Est. Cost $200.29 Unrealized +157.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WMT	WALMART INC	6,995 (-92.1%)	$869K (-91.2%)	2.0%	$107.20	+13.8%	COM	931142103
TSLA	TESLA INC	2,430 (-84.8%)	$903K (-87.4%)	2.1%	$316.05	+34.8%	COM	88160R101
NVDA	NVIDIA CORPORATION	6,949 (-68.8%)	$1.212M (-70.8%)	2.8%	$175.66	+6.2%	COM	67066G104
SNDK	SANDISK CORP	1,100 (-36.7%)	$699K (+69.3%)	1.6%	$200.29	+157.9%	COM	80004C200

Unchanged Positions (2)

MNKD MANNKIND CORP 0.1%

Value $40,180 Shares 16,400 Est. Cost $4.39 Unrealized +26.9%

AGNC AGNC INVT CORP 0.3%

Value $150K Shares 15,000 Est. Cost $10.72 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MNKD	MANNKIND CORP	16,400	$40,180	0.1%	$4.39	+26.9%	COM NEW	56400P706
AGNC	AGNC INVT CORP	15,000	$150K	0.3%	$10.72	—	COM	00123Q104