Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HUBB	HUBBELL INC	374,337	$184M	0.9%	—	—	COM	443510607
IRM	IRON MTN INC DEL	1,779,500	$182M	0.9%	—	—	PUT	46284V101
FWONK	LIBERTY MEDIA CORP DEL	1,262,695	$107M	0.5%	—	—	COM LBTY ONE S C	531229755
IWM	ISHARES TR	360,000	$89.28M	0.5%	—	—	PUT	464287655
VRSK	VERISK ANALYTICS INC	420,868	$79.86M	0.4%	—	—	COM	92345Y106
NET	CLOUDFLARE INC	310,800	$64.13M	0.3%	—	—	CALL	18915M107
TDG	TRANSDIGM GROUP INC	47,943	$55.56M	0.3%	—	—	COM	893641100
GOOG	ALPHABET INC	173,900	$49.88M	0.3%	—	—	CALL	02079K107
RBLX	ROBLOX CORP	668,000	$37.78M	0.2%	—	—	PUT	771049103
MOG/A	MOOG INC	100,774	$29.49M	0.2%	—	—	CL A	615394202
CRM	SALESFORCE INC	149,900	$27.98M	0.1%	—	—	PUT	79466L302
CTAS	CINTAS CORP	157,461	$26.63M	0.1%	—	—	COM	172908105
A	AGILENT TECHNOLOGIES INC	209,294	$23.86M	0.1%	—	—	COM	00846U101
LIND	LINDBLAD EXPEDITIONS HLDGS I	1,058,055	$18.3M	0.1%	—	—	COM	535219109
ARES	ARES MANAGEMENT CORPORATION	147,130	$16.05M	0.1%	—	—	CL A COM STK	03990B101
BIO	BIO RAD LABS INC	48,436	$13.5M	0.1%	—	—	CL A	090572207
CSGP	COSTAR GROUP INC	325,100	$13.11M	0.1%	—	—	CALL	22160N109
GFL	GFL ENVIRONMENTAL INC	270,689	$11.29M	0.1%	—	—	SUB VTG SHS	36168Q104
LMAT	LEMAITRE VASCULAR INC	100,470	$10.97M	0.1%	—	—	COM	525558201
FPS	FORGENT POWER SOLUTIONS INC	368,327	$10.78M	0.1%	—	—	COM SHS CL A	34631F102
TRU	TRANSUNION	126,174	$8.73M	0.0%	—	—	COM	89400J107
CNH	CNH INDL N V	787,075	$8.658M	0.0%	—	—	SHS	N20944109
SAP	SAP SE	15,393	$2.635M	0.0%	—	—	SPON ADR	803054204
KKR	KKR & CO INC	26,588	$2.459M	0.0%	—	—	COM	48251W104
CRDO	CREDO TECHNOLOGY GROUP HOLDI	19,970	$1.875M	0.0%	—	—	ORDINARY SHARES	G25457105
QCOM	QUALCOMM INC	13,325	$1.716M	0.0%	—	—	COM	747525103
VEEV	VEEVA SYS INC	8,943	$1.571M	0.0%	—	—	CL A COM	922475108
TFX	TELEFLEX INCORPORATED	13,009	$1.556M	0.0%	—	—	COM	879369106
LSCC	LATTICE SEMICONDUCTOR CORP	11,281	$1.046M	0.0%	—	—	COM	518415104
SWKS	SKYWORKS SOLUTIONS INC	15,351	$822K	0.0%	—	—	COM	83088M102
CSGP	COSTAR GROUP INC	767	$30,941	0.0%	—	—	COM	22160N109
LLY	ELI LILLY & CO	14	$12,877	0.0%	—	—	COM	532457108
VFC	V F CORP	498	$8,461	0.0%	—	—	COM	918204108
GOOGL	ALPHABET INC	26	$7,477	0.0%	—	—	CAP STK CL A	02079K305
BE	BLOOM ENERGY CORP	18	$2,439	0.0%	—	—	COM CL A	093712107
RBLX	ROBLOX CORP	13	$735	0.0%	—	—	CL A	771049103

Increased Positions (68)

ROL ROLLINS INC 1.3%

Value $255M (+183.8%) Shares 4,767,122 (+218.9%) Est. Cost — Unrealized —

NET CLOUDFLARE INC 0.9%

Value $176M (+584.2%) Shares 854,924 (+553.7%) Est. Cost — Unrealized —

CHRW C H ROBINSON WORLDWIDE IN 1.7%

Value $326M (+79.8%) Shares 1,962,544 (+74.0%) Est. Cost — Unrealized —

EME EMCOR GROUP INC 2.1%

Value $410M (+45.0%) Shares 555,849 (+20.2%) Est. Cost — Unrealized —

CLH CLEAN HARBORS INC 1.7%

Value $324M (+62.9%) Shares 1,131,602 (+33.2%) Est. Cost — Unrealized —

PKG PACKAGING CORP AMER 1.1%

Value $217M (+116.1%) Shares 1,023,041 (+110.0%) Est. Cost — Unrealized —

ITT ITT INC 3.8%

Value $746M (+18.5%) Shares 3,913,486 (+8.0%) Est. Cost — Unrealized —

NDAQ NASDAQ INC 2.4%

Value $472M (+29.6%) Shares 5,563,126 (+48.2%) Est. Cost — Unrealized —

FNV FRANCO NEV CORP 0.5%

Value $103M (+1066.0%) Shares 415,524 (+880.5%) Est. Cost — Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 0.9%

Value $177M (+82.5%) Shares 365,876 (+118.6%) Est. Cost — Unrealized —

BWXT BWX TECHNOLOGIES INC 0.8%

Value $149M (+99.8%) Shares 726,424 (+68.9%) Est. Cost — Unrealized —

APH AMPHENOL CORP 0.8%

Value $152M (+68.6%) Shares 1,199,943 (+80.4%) Est. Cost — Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 2.0%

Value $389M (+18.7%) Shares 4,956,024 (+11.5%) Est. Cost — Unrealized —

INTC INTEL CORP 0.3%

Value $63.51M (+925.7%) Shares 1,439,224 (+757.6%) Est. Cost — Unrealized —

LH LABCORP HOLDINGS INC 3.0%

Value $580M (+9.6%) Shares 2,174,785 (+3.0%) Est. Cost — Unrealized —

DSGX DESCARTES SYS GROUP INC 0.4%

Value $77.12M (+129.6%) Shares 1,080,155 (+182.5%) Est. Cost — Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.8%

Value $347M (+12.8%) Shares 1,027,926 (+1.4%) Est. Cost — Unrealized —

AVGO BROADCOM INC 0.3%

Value $62.36M (+118.7%) Shares 201,484 (+144.6%) Est. Cost — Unrealized —

BE BLOOM ENERGY CORP 0.4%

Value $71.24M (+85.7%) Shares 525,800 (+19.1%) Est. Cost — Unrealized —

KEX KIRBY CORP 0.3%

Value $49.95M (+176.9%) Shares 375,897 (+129.6%) Est. Cost — Unrealized —

V VISA INC 1.2%

Value $231M (-11.7%) Shares 763,640 (+2.4%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 0.8%

Value $158M (+20.5%) Shares 903,490 (+28.9%) Est. Cost — Unrealized —

TSCO TRACTOR SUPPLY CO 3.1%

Value $602M (-4.0%) Shares 13,296,464 (+6.0%) Est. Cost — Unrealized —

CAE CAE INC 1.1%

Value $214M (-7.3%) Shares 8,251,691 (+8.8%) Est. Cost — Unrealized —

LAMR LAMAR ADVERTISING CO 0.3%

Value $59.73M (+33.1%) Shares 471,579 (+33.0%) Est. Cost — Unrealized —

STE STERIS PLC 2.4%

Value $474M (-3.0%) Shares 2,143,379 (+11.2%) Est. Cost — Unrealized —

OKLO OKLO INC 0.2%

Value $32.1M (-30.2%) Shares 647,300 (+1.0%) Est. Cost — Unrealized —

IRDM IRIDIUM COMMUNICATIONS INC 0.1%

Value $26.15M (+80.0%) Shares 942,519 (+12.8%) Est. Cost — Unrealized —

JOE ST JOE CO 0.4%

Value $80.07M (+14.2%) Shares 1,274,988 (+7.9%) Est. Cost — Unrealized —

USLM UNITED STS LIME & MINERALS I 0.3%

Value $52.99M (+20.5%) Shares 405,681 (+10.4%) Est. Cost — Unrealized —

ESE ESCO TECHNOLOGIES INC 0.1%

Value $13.3M (+129.7%) Shares 47,255 (+59.5%) Est. Cost — Unrealized —

CDRE CADRE HLDGS INC 0.1%

Value $22.96M (-21.8%) Shares 748,498 (+4.1%) Est. Cost — Unrealized —

SPGI S&P GLOBAL INC 0.2%

Value $44.9M (+14.6%) Shares 105,562 (+40.9%) Est. Cost — Unrealized —

DKS DICKS SPORTING GOODS INC 0.6%

Value $110M (+5.3%) Shares 556,913 (+5.1%) Est. Cost — Unrealized —

CWST CASELLA WASTE SYS INC 0.2%

Value $31.1M (-15.1%) Shares 391,974 (+4.7%) Est. Cost — Unrealized —

ALKT ALKAMI TECHNOLOGY INC 0.1%

Value $15.42M (-25.1%) Shares 983,950 (+10.3%) Est. Cost — Unrealized —

OSW ONESPAWORLD HOLDINGS LIMITED 0.2%

Value $38.19M (+15.1%) Shares 1,664,266 (+4.0%) Est. Cost — Unrealized —

CRWV COREWEAVE INC 0.3%

Value $53.93M (+9.6%) Shares 696,200 (+1.3%) Est. Cost — Unrealized —

MLAB MESA LABS INC 0.1%

Value $20.86M (+28.7%) Shares 235,885 (+14.3%) Est. Cost — Unrealized —

CRM SALESFORCE INC 0.5%

Value $93.67M (-4.6%) Shares 501,790 (+35.3%) Est. Cost — Unrealized —

GFS GLOBALFOUNDRIES INC 0.0%

Value $8.539M (+105.4%) Shares 191,979 (+61.3%) Est. Cost — Unrealized —

NIQ NIQ GLOBAL INTELLIGENCE PLC 0.1%

Value $27.2M (-13.4%) Shares 2,392,094 (+25.6%) Est. Cost — Unrealized —

KAI KADANT INC 0.1%

Value $25.91M (+19.3%) Shares 88,612 (+16.3%) Est. Cost — Unrealized —

ADEA ADEIA INC 0.1%

Value $12.34M (+50.5%) Shares 513,425 (+8.1%) Est. Cost — Unrealized —

UBER UBER TECHNOLOGIES INC 0.0%

Value $8.29M (+96.1%) Shares 115,256 (+122.8%) Est. Cost — Unrealized —

MYRG MYR GROUP INC 0.1%

Value $14.44M (+35.1%) Shares 51,162 (+4.6%) Est. Cost — Unrealized —

CR CRANE COMPANY 0.5%

Value $105M (+3.6%) Shares 615,821 (+11.7%) Est. Cost — Unrealized —

APO APOLLO GLOBAL MGMT INC 0.5%

Value $102M (-3.3%) Shares 913,985 (+25.6%) Est. Cost — Unrealized —

ONON ON HLDG AG 0.4%

Value $83.9M (-3.7%) Shares 2,466,291 (+31.6%) Est. Cost — Unrealized —

ACA ARCOSA INC 0.1%

Value $15.54M (+23.8%) Shares 146,381 (+24.0%) Est. Cost — Unrealized —

VRRM VERRA MOBILITY CORP 0.1%

Value $13.59M (-16.9%) Shares 951,159 (+30.4%) Est. Cost — Unrealized —

NOW SERVICENOW INC 0.1%

Value $23.57M (-10.1%) Shares 225,422 (+31.7%) Est. Cost — Unrealized —

CSW CSW INDUSTRIALS INC 0.2%

Value $29.56M (-6.9%) Shares 113,451 (+4.9%) Est. Cost — Unrealized —

FELE FRANKLIN ELEC INC 0.1%

Value $19.47M (+12.7%) Shares 211,227 (+16.8%) Est. Cost — Unrealized —

NP NEPTUNE INS HLDGS INC 0.0%

Value $6.259M (+52.3%) Shares 258,724 (+83.5%) Est. Cost — Unrealized —

ALH ALLIANCE LAUNDRY HLDGS INC 0.1%

Value $11.74M (+19.7%) Shares 566,185 (+17.5%) Est. Cost — Unrealized —

MIR MIRION TECHNOLOGIES INC 0.1%

Value $19.62M (+8.9%) Shares 1,055,468 (+37.2%) Est. Cost — Unrealized —

CHEF CHEFS WHSE INC 0.2%

Value $32.8M (+4.8%) Shares 551,686 (+9.9%) Est. Cost — Unrealized —

WAY WAYSTAR HLDG CORP 0.1%

Value $22.26M (+7.1%) Shares 923,241 (+45.5%) Est. Cost — Unrealized —

OUT OUTFRONT MEDIA INC 0.1%

Value $12.21M (+11.9%) Shares 460,766 (+1.8%) Est. Cost — Unrealized —

FBIN FORTUNE BRANDS INNOVATIONS I 0.1%

Value $26.5M (+4.2%) Shares 680,000 (+33.7%) Est. Cost — Unrealized —

PTLO PORTILLOS INC 0.0%

Value $6.101M (+17.9%) Shares 1,153,400 (+1.2%) Est. Cost — Unrealized —

LOAR LOAR HOLDINGS INC 0.1%

Value $11.67M (-6.0%) Shares 203,637 (+11.6%) Est. Cost — Unrealized —

ALRM ALARM COM HLDGS INC 0.1%

Value $16.95M (-3.5%) Shares 392,357 (+14.0%) Est. Cost — Unrealized —

ZWS ZURN ELKAY WATER SOLNS CORP 0.1%

Value $19.24M (+2.3%) Shares 429,185 (+6.0%) Est. Cost — Unrealized —

MRCY MERCURY SYS INC 0.0%

Value $6.086M (+7.1%) Shares 83,466 (+7.3%) Est. Cost — Unrealized —

CLBT CELLEBRITE DI LTD 0.1%

Value $11.08M (-0.9%) Shares 804,393 (+29.7%) Est. Cost — Unrealized —

PTON PELOTON INTERACTIVE INC 0.0%

Value $7.758M (+0.7%) Shares 1,808,474 (+44.6%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ROL	ROLLINS INC	4,767,122 (+218.9%)	$255M (+183.8%)	1.3%	—	—	COM	775711104
NET	CLOUDFLARE INC	854,924 (+553.7%)	$176M (+584.2%)	0.9%	—	—	CL A COM	18915M107
CHRW	C H ROBINSON WORLDWIDE IN	1,962,544 (+74.0%)	$326M (+79.8%)	1.7%	—	—	COM NEW	12541W209
EME	EMCOR GROUP INC	555,849 (+20.2%)	$410M (+45.0%)	2.1%	—	—	COM	29084Q100
CLH	CLEAN HARBORS INC	1,131,602 (+33.2%)	$324M (+62.9%)	1.7%	—	—	COM	184496107
PKG	PACKAGING CORP AMER	1,023,041 (+110.0%)	$217M (+116.1%)	1.1%	—	—	COM	695156109
ITT	ITT INC	3,913,486 (+8.0%)	$746M (+18.5%)	3.8%	—	—	COM	45073V108
NDAQ	NASDAQ INC	5,563,126 (+48.2%)	$472M (+29.6%)	2.4%	—	—	COM	631103108
FNV	FRANCO NEV CORP	415,524 (+880.5%)	$103M (+1066.0%)	0.5%	—	—	COM	351858105
SPOT	SPOTIFY TECHNOLOGY S A	365,876 (+118.6%)	$177M (+82.5%)	0.9%	—	—	SHS	L8681T102
BWXT	BWX TECHNOLOGIES INC	726,424 (+68.9%)	$149M (+99.8%)	0.8%	—	—	COM	05605H100
APH	AMPHENOL CORP	1,199,943 (+80.4%)	$152M (+68.6%)	0.8%	—	—	CL A	032095101
CP	CANADIAN PACIFIC KANSAS CITY	4,956,024 (+11.5%)	$389M (+18.7%)	2.0%	—	—	COM	13646K108
INTC	INTEL CORP	1,439,224 (+757.6%)	$63.51M (+925.7%)	0.3%	—	—	COM	458140100
LH	LABCORP HOLDINGS INC	2,174,785 (+3.0%)	$580M (+9.6%)	3.0%	—	—	COM SHS	504922105
DSGX	DESCARTES SYS GROUP INC	1,080,155 (+182.5%)	$77.12M (+129.6%)	0.4%	—	—	COM	249906108
TSM	TAIWAN SEMICONDUCTOR MANUFAC	1,027,926 (+1.4%)	$347M (+12.8%)	1.8%	—	—	SPONSORED ADS	874039100
AVGO	BROADCOM INC	201,484 (+144.6%)	$62.36M (+118.7%)	0.3%	—	—	COM	11135F101
BE	BLOOM ENERGY CORP	525,800 (+19.1%)	$71.24M (+85.7%)	0.4%	—	—	PUT	093712107
KEX	KIRBY CORP	375,897 (+129.6%)	$49.95M (+176.9%)	0.3%	—	—	COM	497266106
V	VISA INC	763,640 (+2.4%)	$231M (-11.7%)	1.2%	—	—	COM CL A	92826C839
NVDA	NVIDIA CORPORATION	903,490 (+28.9%)	$158M (+20.5%)	0.8%	—	—	COM	67066G104
TSCO	TRACTOR SUPPLY CO	13,296,464 (+6.0%)	$602M (-4.0%)	3.1%	—	—	COM	892356106
CAE	CAE INC	8,251,691 (+8.8%)	$214M (-7.3%)	1.1%	—	—	COM	124765108
LAMR	LAMAR ADVERTISING CO	471,579 (+33.0%)	$59.73M (+33.1%)	0.3%	—	—	CL A	512816109
STE	STERIS PLC	2,143,379 (+11.2%)	$474M (-3.0%)	2.4%	—	—	SHS USD	G8473T100
OKLO	OKLO INC	647,300 (+1.0%)	$32.1M (-30.2%)	0.2%	—	—	PUT	02156V109
IRDM	IRIDIUM COMMUNICATIONS INC	942,519 (+12.8%)	$26.15M (+80.0%)	0.1%	—	—	COM	46269C102
JOE	ST JOE CO	1,274,988 (+7.9%)	$80.07M (+14.2%)	0.4%	—	—	COM	790148100
USLM	UNITED STS LIME & MINERALS I	405,681 (+10.4%)	$52.99M (+20.5%)	0.3%	—	—	COM	911922102
ESE	ESCO TECHNOLOGIES INC	47,255 (+59.5%)	$13.3M (+129.7%)	0.1%	—	—	COM	296315104
CDRE	CADRE HLDGS INC	748,498 (+4.1%)	$22.96M (-21.8%)	0.1%	—	—	COM	12763L105
SPGI	S&P GLOBAL INC	105,562 (+40.9%)	$44.9M (+14.6%)	0.2%	—	—	COM	78409V104
DKS	DICKS SPORTING GOODS INC	556,913 (+5.1%)	$110M (+5.3%)	0.6%	—	—	COM	253393102
CWST	CASELLA WASTE SYS INC	391,974 (+4.7%)	$31.1M (-15.1%)	0.2%	—	—	CL A	147448104
ALKT	ALKAMI TECHNOLOGY INC	983,950 (+10.3%)	$15.42M (-25.1%)	0.1%	—	—	COM	01644J108
OSW	ONESPAWORLD HOLDINGS LIMITED	1,664,266 (+4.0%)	$38.19M (+15.1%)	0.2%	—	—	COM	P73684113
CRWV	COREWEAVE INC	696,200 (+1.3%)	$53.93M (+9.6%)	0.3%	—	—	PUT	21873S108
MLAB	MESA LABS INC	235,885 (+14.3%)	$20.86M (+28.7%)	0.1%	—	—	COM	59064R109
CRM	SALESFORCE INC	501,790 (+35.3%)	$93.67M (-4.6%)	0.5%	—	—	COM	79466L302
GFS	GLOBALFOUNDRIES INC	191,979 (+61.3%)	$8.539M (+105.4%)	0.0%	—	—	ORDINARY SHARES	G39387108
NIQ	NIQ GLOBAL INTELLIGENCE PLC	2,392,094 (+25.6%)	$27.2M (-13.4%)	0.1%	—	—	ORDINARY SHARES	G63755105
KAI	KADANT INC	88,612 (+16.3%)	$25.91M (+19.3%)	0.1%	—	—	COM	48282T104
ADEA	ADEIA INC	513,425 (+8.1%)	$12.34M (+50.5%)	0.1%	—	—	COM	00676P107
UBER	UBER TECHNOLOGIES INC	115,256 (+122.8%)	$8.29M (+96.1%)	0.0%	—	—	COM	90353T100
MYRG	MYR GROUP INC	51,162 (+4.6%)	$14.44M (+35.1%)	0.1%	—	—	COM	55405W104
CR	CRANE COMPANY	615,821 (+11.7%)	$105M (+3.6%)	0.5%	—	—	COMMON STOCK	224408104
APO	APOLLO GLOBAL MGMT INC	913,985 (+25.6%)	$102M (-3.3%)	0.5%	—	—	COM	03769M106
ONON	ON HLDG AG	2,466,291 (+31.6%)	$83.9M (-3.7%)	0.4%	—	—	NAMEN AKT A	H5919C104
ACA	ARCOSA INC	146,381 (+24.0%)	$15.54M (+23.8%)	0.1%	—	—	COM	039653100
VRRM	VERRA MOBILITY CORP	951,159 (+30.4%)	$13.59M (-16.9%)	0.1%	—	—	CL A COM STK	92511U102
NOW	SERVICENOW INC	225,422 (+31.7%)	$23.57M (-10.1%)	0.1%	—	—	COM	81762P102
CSW	CSW INDUSTRIALS INC	113,451 (+4.9%)	$29.56M (-6.9%)	0.2%	—	—	COM	126402106
FELE	FRANKLIN ELEC INC	211,227 (+16.8%)	$19.47M (+12.7%)	0.1%	—	—	COM	353514102
NP	NEPTUNE INS HLDGS INC	258,724 (+83.5%)	$6.259M (+52.3%)	0.0%	—	—	CL A	64073B103
ALH	ALLIANCE LAUNDRY HLDGS INC	566,185 (+17.5%)	$11.74M (+19.7%)	0.1%	—	—	COM	01862Q107
MIR	MIRION TECHNOLOGIES INC	1,055,468 (+37.2%)	$19.62M (+8.9%)	0.1%	—	—	COM CL A	60471A101
CHEF	CHEFS WHSE INC	551,686 (+9.9%)	$32.8M (+4.8%)	0.2%	—	—	COM	163086101
WAY	WAYSTAR HLDG CORP	923,241 (+45.5%)	$22.26M (+7.1%)	0.1%	—	—	COM	946784105
OUT	OUTFRONT MEDIA INC	460,766 (+1.8%)	$12.21M (+11.9%)	0.1%	—	—	COM NEW	69007J304
FBIN	FORTUNE BRANDS INNOVATIONS I	680,000 (+33.7%)	$26.5M (+4.2%)	0.1%	—	—	CALL	34964C106
PTLO	PORTILLOS INC	1,153,400 (+1.2%)	$6.101M (+17.9%)	0.0%	—	—	COM CL A	73642K106
LOAR	LOAR HOLDINGS INC	203,637 (+11.6%)	$11.67M (-6.0%)	0.1%	—	—	COM SHS	53947R105
ALRM	ALARM COM HLDGS INC	392,357 (+14.0%)	$16.95M (-3.5%)	0.1%	—	—	COM	011642105
ZWS	ZURN ELKAY WATER SOLNS CORP	429,185 (+6.0%)	$19.24M (+2.3%)	0.1%	—	—	COM	98983L108
MRCY	MERCURY SYS INC	83,466 (+7.3%)	$6.086M (+7.1%)	0.0%	—	—	COM	589378108
CLBT	CELLEBRITE DI LTD	804,393 (+29.7%)	$11.08M (-0.9%)	0.1%	—	—	ORDINARY SHARES	M2197Q107
PTON	PELOTON INTERACTIVE INC	1,808,474 (+44.6%)	$7.758M (+0.7%)	0.0%	—	—	CL A COM	70614W100

Exited Positions (39)

QQQ INVESCO QQQ TR 5.4%

Value $1.057B Shares 1,720,000 Est. Cost — Unrealized —

JLL JONES LANG LASALLE INC 1.6%

Value $307M Shares 911,723 Est. Cost — Unrealized —

BJ BJS WHSL CLUB HLDGS INC 1.2%

Value $242M Shares 2,692,084 Est. Cost — Unrealized —

PTC PTC INC 0.5%

Value $99.05M Shares 568,572 Est. Cost — Unrealized —

ADBE ADOBE INC 0.5%

Value $97.68M Shares 279,098 Est. Cost — Unrealized —

AIZ ASSURANT INC 0.4%

Value $83.96M Shares 348,607 Est. Cost — Unrealized —

CRM SALESFORCE INC 0.2%

Value $42.36M Shares 159,900 Est. Cost — Unrealized —

ACWX ISHARES TR 0.2%

Value $40.3M Shares 600,269 Est. Cost — Unrealized —

SPDW SPDR INDEX SHS FDS 0.2%

Value $40.29M Shares 907,211 Est. Cost — Unrealized —

VXUS VANGUARD STAR FDS 0.2%

Value $40.25M Shares 533,471 Est. Cost — Unrealized —

VEU VANGUARD INTL EQUITY INDEX F 0.2%

Value $40.21M Shares 546,590 Est. Cost — Unrealized —

IXUS ISHARES TR 0.2%

Value $40.18M Shares 474,760 Est. Cost — Unrealized —

OC OWENS CORNING NEW 0.2%

Value $38.99M Shares 348,400 Est. Cost — Unrealized —

NKE NIKE INC 0.2%

Value $38.1M Shares 598,000 Est. Cost — Unrealized —

NEM NEWMONT CORP 0.2%

Value $35.36M Shares 354,102 Est. Cost — Unrealized —

MKC MCCORMICK & CO INC 0.2%

Value $31.34M Shares 460,106 Est. Cost — Unrealized —

SSB SOUTHSTATE BK CORP 0.2%

Value $30.41M Shares 323,140 Est. Cost — Unrealized —

HLNE HAMILTON LANE INC 0.2%

Value $29.46M Shares 219,322 Est. Cost — Unrealized —

INTU INTUIT 0.1%

Value $28.09M Shares 42,400 Est. Cost — Unrealized —

MIDD MIDDLEBY CORP 0.1%

Value $25.48M Shares 171,400 Est. Cost — Unrealized —

IEFA ISHARES TR 0.1%

Value $24.19M Shares 270,412 Est. Cost — Unrealized —

AMRZ AMRIZE LTD 0.1%

Value $15.04M Shares 273,393 Est. Cost — Unrealized —

ROST ROSS STORES INC 0.1%

Value $11.67M Shares 64,807 Est. Cost — Unrealized —

VO VANGUARD INDEX FDS 0.0%

Value $8.627M Shares 29,726 Est. Cost — Unrealized —

GSHD GOOSEHEAD INS INC 0.0%

Value $8.308M Shares 112,809 Est. Cost — Unrealized —

LYB LYONDELLBASELL INDUSTRIES N 0.0%

Value $8.126M Shares 187,677 Est. Cost — Unrealized —

HUN HUNTSMAN CORP 0.0%

Value $7.727M Shares 772,685 Est. Cost — Unrealized —

DOW DOW INC 0.0%

Value $7.577M Shares 324,082 Est. Cost — Unrealized —

MDLN MEDLINE INC 0.0%

Value $7.14M Shares 170,000 Est. Cost — Unrealized —

MID AMERICAN CENTY ETF TR 0.0%

Value $6.29M Shares 96,535 Est. Cost — Unrealized —

WLK WESTLAKE CORPORATION 0.0%

Value $5.545M Shares 74,997 Est. Cost — Unrealized —

OC OWENS CORNING NEW 0.0%

Value $4.181M Shares 37,357 Est. Cost — Unrealized —

BWIN THE BALDWIN INSURANCE GRP IN 0.0%

Value $3.682M Shares 153,228 Est. Cost — Unrealized —

DOO BRP INC 0.0%

Value $3.427M Shares 48,397 Est. Cost — Unrealized —

CLFD CLEARFIELD INC 0.0%

Value $3.102M Shares 106,407 Est. Cost — Unrealized —

PRM PERIMETER SOLUTIONS INC 0.0%

Value $2.81M Shares 102,072 Est. Cost — Unrealized —

GOGO GOGO INC 0.0%

Value $1.387M Shares 297,731 Est. Cost — Unrealized —

PRLB PROTO LABS INC 0.0%

Value $603K Shares 11,919 Est. Cost — Unrealized —

IWM ISHARES TR 0.0%

Value $308K Shares 1,251 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	1,720,000	$1.057B	5.4%	—	—	PUT	46090E103
JLL	JONES LANG LASALLE INC	911,723	$307M	1.6%	—	—	—	48020Q107
BJ	BJS WHSL CLUB HLDGS INC	2,692,084	$242M	1.2%	—	—	—	05550J101
PTC	PTC INC	568,572	$99.05M	0.5%	—	—	—	69370C100
ADBE	ADOBE INC	279,098	$97.68M	0.5%	—	—	—	00724F101
AIZ	ASSURANT INC	348,607	$83.96M	0.4%	—	—	—	04621X108
CRM	SALESFORCE INC	159,900	$42.36M	0.2%	—	—	CALL	79466L302
ACWX	ISHARES TR	600,269	$40.3M	0.2%	—	—	—	464288240
SPDW	SPDR INDEX SHS FDS	907,211	$40.29M	0.2%	—	—	—	78463X889
VXUS	VANGUARD STAR FDS	533,471	$40.25M	0.2%	—	—	—	921909768
VEU	VANGUARD INTL EQUITY INDEX F	546,590	$40.21M	0.2%	—	—	—	922042775
IXUS	ISHARES TR	474,760	$40.18M	0.2%	—	—	—	46432F834
OC	OWENS CORNING NEW	348,400	$38.99M	0.2%	—	—	CALL	690742101
NKE	NIKE INC	598,000	$38.1M	0.2%	—	—	CALL	654106103
NEM	NEWMONT CORP	354,102	$35.36M	0.2%	—	—	—	651639106
MKC	MCCORMICK & CO INC	460,106	$31.34M	0.2%	—	—	—	579780206
SSB	SOUTHSTATE BK CORP	323,140	$30.41M	0.2%	—	—	—	84472E102
HLNE	HAMILTON LANE INC	219,322	$29.46M	0.2%	—	—	—	407497106
INTU	INTUIT	42,400	$28.09M	0.1%	—	—	CALL	461202103
MIDD	MIDDLEBY CORP	171,400	$25.48M	0.1%	—	—	CALL	596278101
IEFA	ISHARES TR	270,412	$24.19M	0.1%	—	—	—	46432F842
AMRZ	AMRIZE LTD	273,393	$15.04M	0.1%	—	—	—	H2927K103
ROST	ROSS STORES INC	64,807	$11.67M	0.1%	—	—	—	778296103
VO	VANGUARD INDEX FDS	29,726	$8.627M	0.0%	—	—	—	922908629
GSHD	GOOSEHEAD INS INC	112,809	$8.308M	0.0%	—	—	—	38267D109
LYB	LYONDELLBASELL INDUSTRIES N	187,677	$8.126M	0.0%	—	—	—	N53745100
HUN	HUNTSMAN CORP	772,685	$7.727M	0.0%	—	—	—	447011107
DOW	DOW INC	324,082	$7.577M	0.0%	—	—	—	260557103
MDLN	MEDLINE INC	170,000	$7.14M	0.0%	—	—	—	58507V107
MID	AMERICAN CENTY ETF TR	96,535	$6.29M	0.0%	—	—	—	025072760
WLK	WESTLAKE CORPORATION	74,997	$5.545M	0.0%	—	—	—	960413102
OC	OWENS CORNING NEW	37,357	$4.181M	0.0%	—	—	—	690742101
BWIN	THE BALDWIN INSURANCE GRP IN	153,228	$3.682M	0.0%	—	—	—	05589G102
DOO	BRP INC	48,397	$3.427M	0.0%	—	—	—	05577W200
CLFD	CLEARFIELD INC	106,407	$3.102M	0.0%	—	—	—	18482P103
PRM	PERIMETER SOLUTIONS INC	102,072	$2.81M	0.0%	—	—	—	71385M107
GOGO	GOGO INC	297,731	$1.387M	0.0%	—	—	—	38046C109
PRLB	PROTO LABS INC	11,919	$603K	0.0%	—	—	—	743713109
IWM	ISHARES TR	1,251	$308K	0.0%	—	—	—	464287655

Decreased Positions (69)

CRH CRH PLC 2.6%

Value $511M (-39.6%) Shares 4,857,488 (-28.3%) Est. Cost — Unrealized —

PAYX PAYCHEX INC 1.7%

Value $338M (-47.3%) Shares 3,670,073 (-35.8%) Est. Cost — Unrealized —

MIDD MIDDLEBY CORP 1.0%

Value $199M (-55.8%) Shares 1,500,467 (-50.5%) Est. Cost — Unrealized —

SGI SOMNIGROUP INTERNATIONAL INC 3.5%

Value $686M (-26.4%) Shares 9,273,908 (-11.1%) Est. Cost — Unrealized —

BRO BROWN & BROWN INC 2.7%

Value $523M (-30.4%) Shares 8,022,123 (-15.0%) Est. Cost — Unrealized —

MORN MORNINGSTAR INC 0.6%

Value $108M (-67.4%) Shares 637,723 (-58.1%) Est. Cost — Unrealized —

TRMB TRIMBLE INC 1.9%

Value $366M (-36.1%) Shares 5,605,868 (-23.2%) Est. Cost — Unrealized —

VIK VIKING HOLDINGS LTD 4.1%

Value $794M (-20.1%) Shares 10,802,203 (-22.3%) Est. Cost — Unrealized —

MKL MARKEL GROUP INC 3.7%

Value $723M (-21.4%) Shares 377,643 (-11.7%) Est. Cost — Unrealized —

CDW CDW CORP 0.7%

Value $145M (-53.3%) Shares 1,195,763 (-47.5%) Est. Cost — Unrealized —

TECH BIO-TECHNE CORP 0.2%

Value $37.1M (-77.8%) Shares 709,827 (-75.0%) Est. Cost — Unrealized —

FTV FORTIVE CORP 0.5%

Value $94.69M (-55.6%) Shares 1,712,853 (-55.7%) Est. Cost — Unrealized —

GOOG ALPHABET INC 0.3%

Value $52.61M (-64.8%) Shares 183,386 (-61.5%) Est. Cost — Unrealized —

FBIN FORTUNE BRANDS INNOVATIONS I 0.2%

Value $34.85M (-70.3%) Shares 894,394 (-61.9%) Est. Cost — Unrealized —

IDXX IDEXX LABS INC 0.0%

Value $9.623M (-89.2%) Shares 17,126 (-87.0%) Est. Cost — Unrealized —

ALC ALCON AG 2.1%

Value $419M (-15.7%) Shares 5,676,304 (-8.7%) Est. Cost — Unrealized —

INTU INTUIT 0.3%

Value $60.82M (-55.9%) Shares 140,671 (-32.4%) Est. Cost — Unrealized —

HOOD ROBINHOOD MKTS INC 0.2%

Value $44.42M (-61.9%) Shares 641,000 (-37.9%) Est. Cost — Unrealized —

WDAY WORKDAY INC 0.4%

Value $84.84M (-45.7%) Shares 652,998 (-10.3%) Est. Cost — Unrealized —

SHOP SHOPIFY INC 0.1%

Value $27.96M (-71.0%) Shares 235,714 (-60.6%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 0.3%

Value $67.95M (-47.9%) Shares 326,241 (-42.3%) Est. Cost — Unrealized —

MLM MARTIN MARIETTA MATLS INC 3.1%

Value $608M (-8.5%) Shares 1,033,420 (-3.2%) Est. Cost — Unrealized —

NKE NIKE INC 0.1%

Value $23.76M (-69.8%) Shares 449,862 (-63.6%) Est. Cost — Unrealized —

CNM CORE & MAIN INC 1.8%

Value $358M (-11.4%) Shares 7,254,207 (-6.7%) Est. Cost — Unrealized —

APG API GROUP CORP 0.2%

Value $29.5M (-55.4%) Shares 728,025 (-57.9%) Est. Cost — Unrealized —

ONON ON HLDG AG 0.1%

Value $13.47M (-72.5%) Shares 395,800 (-62.4%) Est. Cost — Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.8%

Value $147M (-19.4%) Shares 299,500 (-4.9%) Est. Cost — Unrealized —

CASY CASEYS GEN STORES INC 0.0%

Value $5.063M (-87.2%) Shares 6,956 (-90.3%) Est. Cost — Unrealized —

PII POLARIS INC 0.0%

Value $16,950 (-99.9%) Shares 311 (-99.9%) Est. Cost — Unrealized —

DHR DANAHER CORP DEL 0.2%

Value $47.7M (-39.2%) Shares 251,578 (-26.6%) Est. Cost — Unrealized —

META META PLATFORMS INC 0.1%

Value $16.48M (-64.9%) Shares 28,803 (-59.5%) Est. Cost — Unrealized —

WAB WABTEC 3.7%

Value $731M (-3.8%) Shares 2,923,643 (-17.9%) Est. Cost — Unrealized —

CPAY CORPAY INC 1.6%

Value $310M (-8.3%) Shares 1,063,946 (-5.2%) Est. Cost — Unrealized —

NEM NEWMONT CORP 0.2%

Value $31.54M (-46.1%) Shares 291,400 (-50.3%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 0.4%

Value $77.58M (-24.5%) Shares 209,575 (-1.3%) Est. Cost — Unrealized —

GRMN GARMIN LTD 0.4%

Value $83.9M (-22.6%) Shares 361,610 (-32.3%) Est. Cost — Unrealized —

MTD METTLER TOLEDO INTERNATIONAL 0.1%

Value $12.82M (-62.7%) Shares 10,166 (-58.8%) Est. Cost — Unrealized —

CARG CARGURUS INC 0.1%

Value $15.64M (-55.6%) Shares 459,266 (-50.0%) Est. Cost — Unrealized —

LYV LIVE NATION ENTERTAINMENT IN 4.2%

Value $815M (+2.4%) Shares 5,344,455 (-4.3%) Est. Cost — Unrealized —

WTM WHITE MTNS INS GROUP LTD 0.1%

Value $23.2M (-43.4%) Shares 10,560 (-46.4%) Est. Cost — Unrealized —

SIG SIGNET JEWELERS LIMITED 1.4%

Value $277M (-6.0%) Shares 3,274,816 (-7.9%) Est. Cost — Unrealized —

PWR QUANTA SVCS INC 0.7%

Value $145M (+12.8%) Shares 263,823 (-13.3%) Est. Cost — Unrealized —

QXO QXO INC 0.3%

Value $50.43M (-24.5%) Shares 2,596,986 (-25.0%) Est. Cost — Unrealized —

ENTG ENTEGRIS INC 0.6%

Value $120M (+14.3%) Shares 1,020,870 (-17.8%) Est. Cost — Unrealized —

BN BROOKFIELD CORP 0.2%

Value $30.93M (-32.5%) Shares 765,841 (-23.1%) Est. Cost — Unrealized —

UNP UNION PAC CORP 0.2%

Value $30.19M (-27.2%) Shares 124,427 (-30.6%) Est. Cost — Unrealized —

BL BLACKLINE INC 0.0%

Value $4.153M (-72.6%) Shares 112,252 (-59.1%) Est. Cost — Unrealized —

MSTR STRATEGY INC 0.0%

Value $2.908M (-78.8%) Shares 23,300 (-74.1%) Est. Cost — Unrealized —

CERT CERTARA INC 0.0%

Value $3.499M (-73.4%) Shares 613,935 (-58.8%) Est. Cost — Unrealized —

ERII ENERGY RECOVERY INC 0.0%

Value $3.97M (-62.0%) Shares 394,208 (-49.0%) Est. Cost — Unrealized —

BLDR BUILDERS FIRSTSOURCE INC 0.0%

Value $7.056M (-42.9%) Shares 85,700 (-28.6%) Est. Cost — Unrealized —

CINF CINCINNATI FINL CORP 0.1%

Value $19.81M (-20.2%) Shares 125,875 (-17.1%) Est. Cost — Unrealized —

BMI BADGER METER INC 0.1%

Value $13.99M (-25.6%) Shares 91,824 (-14.9%) Est. Cost — Unrealized —

SSD SIMPSON MFG INC 0.1%

Value $21.02M (-18.4%) Shares 122,468 (-23.2%) Est. Cost — Unrealized —

MCO MOODYS CORP 0.1%

Value $21.62M (-17.4%) Shares 49,558 (-3.3%) Est. Cost — Unrealized —

COHR COHERENT CORP 0.0%

Value $1.545M (-71.7%) Shares 6,484 (-78.1%) Est. Cost — Unrealized —

SPSC SPS COMM INC 0.0%

Value $2.334M (-60.9%) Shares 41,923 (-37.4%) Est. Cost — Unrealized —

SCI SERVICE CORP INTL 2.6%

Value $504M (+0.7%) Shares 6,113,751 (-4.9%) Est. Cost — Unrealized —

BOOT BOOT BARN HLDGS INC 0.1%

Value $13.51M (-19.4%) Shares 92,326 (-2.8%) Est. Cost — Unrealized —

LQDT LIQUIDITY SVCS INC 0.1%

Value $14.13M (-17.8%) Shares 462,267 (-18.5%) Est. Cost — Unrealized —

CIEN CIENA CORP 0.0%

Value $1.013M (-71.3%) Shares 2,608 (-82.7%) Est. Cost — Unrealized —

ENTG ENTEGRIS INC 0.0%

Value $7.351M (-23.8%) Shares 62,700 (-45.2%) Est. Cost — Unrealized —

MSCI MSCI INC 0.1%

Value $21.16M (-9.2%) Shares 39,250 (-3.3%) Est. Cost — Unrealized —

VFC V F CORP 0.0%

Value $2.951M (-41.2%) Shares 173,700 (-37.4%) Est. Cost — Unrealized —

ECG EVERUS CONSTR GROUP 0.1%

Value $13.45M (+17.4%) Shares 113,906 (-14.9%) Est. Cost — Unrealized —

KRMN KARMAN HLDGS INC 0.0%

Value $2.906M (-39.0%) Shares 36,305 (-44.2%) Est. Cost — Unrealized —

PII POLARIS INC 0.0%

Value $1.259M (-48.4%) Shares 23,100 (-40.2%) Est. Cost — Unrealized —

FORM FORMFACTOR INC 0.1%

Value $24.97M (+4.9%) Shares 257,414 (-39.7%) Est. Cost — Unrealized —

IWR ISHARES TR 0.0%

Value $73,214 (-93.5%) Shares 753 (-93.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CRH	CRH PLC	4,857,488 (-28.3%)	$511M (-39.6%)	2.6%	—	—	ORD	G25508105
PAYX	PAYCHEX INC	3,670,073 (-35.8%)	$338M (-47.3%)	1.7%	—	—	COM	704326107
MIDD	MIDDLEBY CORP	1,500,467 (-50.5%)	$199M (-55.8%)	1.0%	—	—	COM	596278101
SGI	SOMNIGROUP INTERNATIONAL INC	9,273,908 (-11.1%)	$686M (-26.4%)	3.5%	—	—	COM	88023U101
BRO	BROWN & BROWN INC	8,022,123 (-15.0%)	$523M (-30.4%)	2.7%	—	—	COM	115236101
MORN	MORNINGSTAR INC	637,723 (-58.1%)	$108M (-67.4%)	0.6%	—	—	COM	617700109
TRMB	TRIMBLE INC	5,605,868 (-23.2%)	$366M (-36.1%)	1.9%	—	—	COM	896239100
VIK	VIKING HOLDINGS LTD	10,802,203 (-22.3%)	$794M (-20.1%)	4.1%	—	—	ORD SHS	G93A5A101
MKL	MARKEL GROUP INC	377,643 (-11.7%)	$723M (-21.4%)	3.7%	—	—	COM	570535104
CDW	CDW CORP	1,195,763 (-47.5%)	$145M (-53.3%)	0.7%	—	—	COM	12514G108
TECH	BIO-TECHNE CORP	709,827 (-75.0%)	$37.1M (-77.8%)	0.2%	—	—	COM	09073M104
FTV	FORTIVE CORP	1,712,853 (-55.7%)	$94.69M (-55.6%)	0.5%	—	—	COM	34959J108
GOOG	ALPHABET INC	183,386 (-61.5%)	$52.61M (-64.8%)	0.3%	—	—	CAP STK CL C	02079K107
FBIN	FORTUNE BRANDS INNOVATIONS I	894,394 (-61.9%)	$34.85M (-70.3%)	0.2%	—	—	COM	34964C106
IDXX	IDEXX LABS INC	17,126 (-87.0%)	$9.623M (-89.2%)	0.0%	—	—	COM	45168D104
ALC	ALCON AG	5,676,304 (-8.7%)	$419M (-15.7%)	2.1%	—	—	ORD SHS	H01301128
INTU	INTUIT	140,671 (-32.4%)	$60.82M (-55.9%)	0.3%	—	—	COM	461202103
HOOD	ROBINHOOD MKTS INC	641,000 (-37.9%)	$44.42M (-61.9%)	0.2%	—	—	PUT	770700102
WDAY	WORKDAY INC	652,998 (-10.3%)	$84.84M (-45.7%)	0.4%	—	—	CL A	98138H101
SHOP	SHOPIFY INC	235,714 (-60.6%)	$27.96M (-71.0%)	0.1%	—	—	CL A SUB VTG SHS	82509L107
AMZN	AMAZON COM INC	326,241 (-42.3%)	$67.95M (-47.9%)	0.3%	—	—	COM	023135106
MLM	MARTIN MARIETTA MATLS INC	1,033,420 (-3.2%)	$608M (-8.5%)	3.1%	—	—	COM	573284106
NKE	NIKE INC	449,862 (-63.6%)	$23.76M (-69.8%)	0.1%	—	—	CL B	654106103
CNM	CORE & MAIN INC	7,254,207 (-6.7%)	$358M (-11.4%)	1.8%	—	—	CL A	21874C102
APG	API GROUP CORP	728,025 (-57.9%)	$29.5M (-55.4%)	0.2%	—	—	COM STK	00187Y100
ONON	ON HLDG AG	395,800 (-62.4%)	$13.47M (-72.5%)	0.1%	—	—	CALL	H5919C104
TMO	THERMO FISHER SCIENTIFIC INC	299,500 (-4.9%)	$147M (-19.4%)	0.8%	—	—	COM	883556102
CASY	CASEYS GEN STORES INC	6,956 (-90.3%)	$5.063M (-87.2%)	0.0%	—	—	COM	147528103
PII	POLARIS INC	311 (-99.9%)	$16,950 (-99.9%)	0.0%	—	—	COM	731068102
DHR	DANAHER CORP DEL	251,578 (-26.6%)	$47.7M (-39.2%)	0.2%	—	—	COM	235851102
META	META PLATFORMS INC	28,803 (-59.5%)	$16.48M (-64.9%)	0.1%	—	—	CL A	30303M102
WAB	WABTEC	2,923,643 (-17.9%)	$731M (-3.8%)	3.7%	—	—	COM	929740108
CPAY	CORPAY INC	1,063,946 (-5.2%)	$310M (-8.3%)	1.6%	—	—	COM SHS	219948106
NEM	NEWMONT CORP	291,400 (-50.3%)	$31.54M (-46.1%)	0.2%	—	—	CALL	651639106
MSFT	MICROSOFT CORP	209,575 (-1.3%)	$77.58M (-24.5%)	0.4%	—	—	COM	594918104
GRMN	GARMIN LTD	361,610 (-32.3%)	$83.9M (-22.6%)	0.4%	—	—	SHS	H2906T109
MTD	METTLER TOLEDO INTERNATIONAL	10,166 (-58.8%)	$12.82M (-62.7%)	0.1%	—	—	COM	592688105
CARG	CARGURUS INC	459,266 (-50.0%)	$15.64M (-55.6%)	0.1%	—	—	COM CL A	141788109
LYV	LIVE NATION ENTERTAINMENT IN	5,344,455 (-4.3%)	$815M (+2.4%)	4.2%	—	—	COM	538034109
WTM	WHITE MTNS INS GROUP LTD	10,560 (-46.4%)	$23.2M (-43.4%)	0.1%	—	—	COM	G9618E107
SIG	SIGNET JEWELERS LIMITED	3,274,816 (-7.9%)	$277M (-6.0%)	1.4%	—	—	SHS	G81276100
PWR	QUANTA SVCS INC	263,823 (-13.3%)	$145M (+12.8%)	0.7%	—	—	COM	74762E102
QXO	QXO INC	2,596,986 (-25.0%)	$50.43M (-24.5%)	0.3%	—	—	COM NEW	82846H405
ENTG	ENTEGRIS INC	1,020,870 (-17.8%)	$120M (+14.3%)	0.6%	—	—	COM	29362U104
BN	BROOKFIELD CORP	765,841 (-23.1%)	$30.93M (-32.5%)	0.2%	—	—	CL A LTD VT SH	11271J107
UNP	UNION PAC CORP	124,427 (-30.6%)	$30.19M (-27.2%)	0.2%	—	—	COM	907818108
BL	BLACKLINE INC	112,252 (-59.1%)	$4.153M (-72.6%)	0.0%	—	—	COM	09239B109
MSTR	STRATEGY INC	23,300 (-74.1%)	$2.908M (-78.8%)	0.0%	—	—	PUT	594972408
CERT	CERTARA INC	613,935 (-58.8%)	$3.499M (-73.4%)	0.0%	—	—	COM	15687V109
ERII	ENERGY RECOVERY INC	394,208 (-49.0%)	$3.97M (-62.0%)	0.0%	—	—	COM	29270J100
BLDR	BUILDERS FIRSTSOURCE INC	85,700 (-28.6%)	$7.056M (-42.9%)	0.0%	—	—	CALL	12008R107
CINF	CINCINNATI FINL CORP	125,875 (-17.1%)	$19.81M (-20.2%)	0.1%	—	—	COM	172062101
BMI	BADGER METER INC	91,824 (-14.9%)	$13.99M (-25.6%)	0.1%	—	—	COM	056525108
SSD	SIMPSON MFG INC	122,468 (-23.2%)	$21.02M (-18.4%)	0.1%	—	—	COM	829073105
MCO	MOODYS CORP	49,558 (-3.3%)	$21.62M (-17.4%)	0.1%	—	—	COM	615369105
COHR	COHERENT CORP	6,484 (-78.1%)	$1.545M (-71.7%)	0.0%	—	—	COM	19247G107
SPSC	SPS COMM INC	41,923 (-37.4%)	$2.334M (-60.9%)	0.0%	—	—	COM	78463M107
SCI	SERVICE CORP INTL	6,113,751 (-4.9%)	$504M (+0.7%)	2.6%	—	—	COM	817565104
BOOT	BOOT BARN HLDGS INC	92,326 (-2.8%)	$13.51M (-19.4%)	0.1%	—	—	COM	099406100
LQDT	LIQUIDITY SVCS INC	462,267 (-18.5%)	$14.13M (-17.8%)	0.1%	—	—	COM	53635B107
CIEN	CIENA CORP	2,608 (-82.7%)	$1.013M (-71.3%)	0.0%	—	—	COM NEW	171779309
ENTG	ENTEGRIS INC	62,700 (-45.2%)	$7.351M (-23.8%)	0.0%	—	—	CALL	29362U104
MSCI	MSCI INC	39,250 (-3.3%)	$21.16M (-9.2%)	0.1%	—	—	COM	55354G100
VFC	V F CORP	173,700 (-37.4%)	$2.951M (-41.2%)	0.0%	—	—	CALL	918204108
ECG	EVERUS CONSTR GROUP	113,906 (-14.9%)	$13.45M (+17.4%)	0.1%	—	—	COM	300426103
KRMN	KARMAN HLDGS INC	36,305 (-44.2%)	$2.906M (-39.0%)	0.0%	—	—	COMMON STOCK	485924104
PII	POLARIS INC	23,100 (-40.2%)	$1.259M (-48.4%)	0.0%	—	—	CALL	731068102
FORM	FORMFACTOR INC	257,414 (-39.7%)	$24.97M (+4.9%)	0.1%	—	—	COM	346375108
IWR	ISHARES TR	753 (-93.5%)	$73,214 (-93.5%)	0.0%	—	—	RUS MID CAP ETF	464287499

Unchanged Positions (6)

TDY TELEDYNE TECHNOLOGIES INC 0.6%

Value $120M Shares 198,956 Est. Cost — Unrealized —

WSM WILLIAMS SONOMA INC 0.2%

Value $42.49M Shares 233,063 Est. Cost — Unrealized —

GE GE AEROSPACE 0.1%

Value $11.14M Shares 39,265 Est. Cost — Unrealized —

WINA WINMARK CORP 0.1%

Value $13M Shares 30,409 Est. Cost — Unrealized —

LLY ELI LILLY & CO 0.0%

Value $3.035M Shares 3,300 Est. Cost — Unrealized —

BIP BROOKFIELD INFRASTRUCTURE PA 0.0%

Value $2.274M Shares 62,951 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TDY	TELEDYNE TECHNOLOGIES INC	198,956	$120M	0.6%	—	—	COM	879360105
WSM	WILLIAMS SONOMA INC	233,063	$42.49M	0.2%	—	—	COM	969904101
GE	GE AEROSPACE	39,265	$11.14M	0.1%	—	—	COM NEW	369604301
WINA	WINMARK CORP	30,409	$13M	0.1%	—	—	COM	974250102
LLY	ELI LILLY & CO	3,300	$3.035M	0.0%	—	—	PUT	532457108
BIP	BROOKFIELD INFRASTRUCTURE PA	62,951	$2.274M	0.0%	—	—	LP INT UNIT	G16252101