Aristides Capital LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ROBINHOOD MKTS INC	120,000	$13,572	2.4%	—	—	PUT	770700952
—	ISHARES SILVER TR	185,000	$11,918	2.1%	—	—	PUT	46428Q959
—	ACCENTURE PLC IRELAND	18,000	$4,829	0.9%	—	—	CALL	G1151C901
—	TAIWAN SEMICONDUCTOR MFG LTD SPONSOR	15,800	$4,801	0.8%	—	—	PUT	874039950
SLV	ISHARES SILVER TR	73,600	$4,741	0.8%	$64.42	—	ISHARES	46428Q109
ICE	INTERCONTINENTAL EXCHANGE IN	10,000	$1,620	0.3%	$156.20	0.0%	COM	45866F104
—	FLUENCE ENERGY INC	1,000,000	$1,222	0.2%	$1.22	—	NOTE 2.250% 6/1	34379VAB9
ETHE	GRAYSCALE ETHEREUM TRUST ETF	44,985	$1,096	0.2%	$24.37	—	SHS	389638107
BWEN	BROADWIND INC	128,133	$363	0.1%	$2.62	0.0%	COM NEW	11161T207
NVRI	ENVIRI CORP	20,000	$358	0.1%	$14.90	0.0%	COM	415864107
BKTI	BK TECHNOLOGIES CORPORATION	4,487	$335	0.1%	$71.66	0.0%	COM NEW	05587G203
NPK	NATIONAL PRESTO INDS INC	3,028	$323	0.1%	$104.80	0.0%	COM	637215104
CNTN	THARIMMUNE INC	83,500	$253	0.0%	$2.85	0.0%	COM	432705309
MIDD	MIDDLEBY CORP	1,676	$249	0.0%	$131.27	0.0%	COM	596278101
PDS	PRECISION DRILLING CORP	3,133	$225	0.0%	$61.41	0.0%	COM NEW	74022D407
—	REV GROUP INC	3,701	$225	0.0%	$60.81	—	COM	749527107
IBTA	IBOTTA INC	9,700	$220	0.0%	$26.99	0.0%	CLASS A COM SHS	451051106
BMBL	BUMBLE INC	60,000	$214	0.0%	$4.43	0.0%	COM CL A	12047B105
CRAI	CRA INTL INC	1,066	$214	0.0%	$188.07	0.0%	COM	12618T105
UAN	CVR PARTNERS LP	2,084	$214	0.0%	$102.50	—	COM	126633205
CVSA	ADTALEM GLOBAL ED INC	2,062	$213	0.0%	$114.51	0.0%	COM	00737L103
PRGO	PERRIGO CO PLC	15,200	$212	0.0%	$16.67	0.0%	SHS	G97822103
MSGE	MADISON SQUARE GARDEN ENTMT	3,915	$211	0.0%	$48.11	0.0%	COM CL A	558256103
NWPX	NWPX INFRASTRUCTURE INC	3,369	$211	0.0%	$57.66	0.0%	COM	667746101
THRY	THRYV HLDGS INC	34,700	$210	0.0%	$7.92	0.0%	COM NEW	886029206
EXLS	EXLSERVICE HOLDINGS INC	4,920	$209	0.0%	$40.88	0.0%	COM	302081104
MOG/A	MOOG INC	856	$208	0.0%	$219.17	0.0%	CL A	615394202
FUN	SIX FLAGS ENTERTAINMENT CORP	13,500	$207	0.0%	$18.08	0.0%	COM	83001C108
CXW	CORECIVIC INC	10,811	$207	0.0%	$18.32	0.0%	COM	21871N101
EMPD	EMPERY DIGITAL INC	44,800	$205	0.0%	$5.85	0.0%	COM NEW	92864V608
BYD	BOYD GAMING CORP	2,399	$204	0.0%	$82.27	0.0%	COM	103304101
THR	THERMON GROUP HLDGS INC	5,501	$204	0.0%	$32.83	0.0%	COM	88362T103
IDT	IDT CORP	3,988	$204	0.0%	$50.12	0.0%	CL B NEW	448947507
EPAC	ENERPAC TOOL GROUP CORP	5,324	$204	0.0%	$39.59	0.0%	CL A COM	292765104
SITC	SITE CTRS CORP	31,700	$204	0.0%	$6.42	—	COM	82981J851
BBSI	BARRETT BUSINESS SVCS INC	5,618	$203	0.0%	$38.22	0.0%	COM	068463108
FCN	FTI CONSULTING INC	1,189	$203	0.0%	$164.86	0.0%	COM	302941109
LFMD	LIFEMD INC	59,500	$203	0.0%	$4.85	0.0%	COM	53216B104
HLIT	HARMONIC INC	20,460	$202	0.0%	$10.07	0.0%	COM	413160102
OEC	ORION S.A.	38,200	$202	0.0%	$5.42	0.0%	COM	L72967109
TNC	TENNANT CO	2,727	$201	0.0%	$76.22	0.0%	COM	880345103
ABTC	AMERICAN BITCOIN CORP.	117,600	$200	0.0%	$4.17	0.0%	COM CL A	02462A104
BHC	BAUSCH HEALTH COS INC	28,639	$199	0.0%	$6.58	0.0%	COM	071734107
AIRO	AIRO GROUP HLDGS INC	24,100	$197	0.0%	$12.89	0.0%	COM	009422106
PTLO	PORTILLOS INC	43,400	$197	0.0%	$5.22	0.0%	COM CL A	73642K106
ACHC	ACADIA HEALTHCARE COMPANY IN	13,800	$196	0.0%	$18.92	0.0%	COM	00404A109
EVH	EVOLENT HEALTH INC	48,800	$195	0.0%	$5.56	0.0%	CL A	30050B101
SRFM	SURF AIR MOBILITY INC	100,600	$195	0.0%	$3.20	0.0%	COM NEW	868927203
HPK	HIGHPEAK ENERGY INC	41,000	$194	0.0%	$5.98	0.0%	COM	43114Q105
MNTN	MNTN INC	16,000	$191	0.0%	$14.40	0.0%	CL A	55318A108
RC	READY CAPITAL CORP	86,900	$189	0.0%	$2.18	—	COM	75574U101
KLC	KINDERCARE LEARNING COMPANIE	43,700	$189	0.0%	$5.04	0.0%	COM	49456W105
TSSI	TSS INC DEL	26,700	$189	0.0%	$12.92	0.0%	COM	87288V101
STIM	NEURONETICS INC	136,400	$188	0.0%	$2.09	0.0%	COM	64131A105
NPKI	NPK INTERNATIONAL INC	15,754	$188	0.0%	$12.20	0.0%	COM SHS	651718504
BNC	CEA INDUSTRIES INC	29,200	$187	0.0%	$7.02	0.0%	COM	86887P309
DFDV	DEFI DEVELOPMENT CORP	37,100	$187	0.0%	$9.52	0.0%	COM	47100L301
ACH	OWENS & MINOR INC NEW	66,800	$187	0.0%	$3.57	0.0%	COM	690732102
ALIT	ALIGHT INC	95,600	$186	0.0%	$2.46	0.0%	COM CL A	01626W101
SG	SWEETGREEN INC	27,300	$185	0.0%	$6.87	0.0%	COM CL A	87043Q108
ERII	ENERGY RECOVERY INC	13,516	$182	0.0%	$15.16	0.0%	COM	29270J100
NFE	NEW FORTRESS ENERGY INC	159,600	$182	0.0%	$1.47	0.0%	COM CL A	644393100
—	FG NEXUS INC.	66,100	$182	0.0%	$2.75	—	COM NEW	30329Y304
GOGO	GOGO INC	39,000	$182	0.0%	$7.33	0.0%	COM	38046C109
XRX	XEROX HOLDINGS CORP	76,300	$181	0.0%	$2.96	0.0%	COM NEW	98421M106
JANX	JANUX THERAPEUTICS INC	13,100	$181	0.0%	$23.52	0.0%	COM	47103J105
FWDI	FORWARD INDS INC N Y	27,300	$180	0.0%	$12.84	0.0%	COM NEW	349862409
ARBE	ARBE ROBOTICS LTD	152,600	$180	0.0%	$1.65	0.0%	ORDINARY SHARES	M1R95N100
KOS	KOSMOS ENERGY LTD	197,200	$179	0.0%	$1.32	0.0%	COM	500688106
HAFN	HAFNIA LTD	33,548	$179	0.0%	$5.96	0.0%	SHS	Y2990R101
JELD	JELD-WEN HLDG INC	72,500	$178	0.0%	$3.28	0.0%	COM	47580P103
OM	OUTSET MED INC	47,700	$177	0.0%	$8.58	0.0%	COM NEW	690145206
BKKT	BAKKT HOLDINGS INC	17,600	$177	0.0%	$22.11	0.0%	COM CL A NEW	05759B305
ASPN	ASPEN AEROGELS INC	62,400	$177	0.0%	$5.16	0.0%	COM	04523Y105
SMLR	SEMLER SCIENTIFIC INC	11,500	$176	0.0%	$22.69	0.0%	COM	81684M104
TMCI	TREACE MED CONCEPTS INC	70,500	$173	0.0%	$4.34	0.0%	COM	89455T109
SUIG	SUI GROUP HOLDINGS LIMITED	101,300	$169	0.0%	$2.58	0.0%	COM NEW	59982U200
AISP	AIRSHIP AI HLDGS INC	58,136	$168	0.0%	$4.12	0.0%	COM	008940108
LENZ	LENZ THERAPEUTICS INC	10,500	$168	0.0%	$29.15	0.0%	COM	52635N103
SUPX	SUPERX AI TECHNOLOGY LTD	10,646	$167	0.0%	$41.85	0.0%	USD ORD SHS NEW	G5294K110
SLMT	BRERA HOLDINGS PLC	89,000	$166	0.0%	$7.99	0.0%	COM CL B NEW	G13311116
EXOD	EXODUS MOVEMENT INC	11,100	$164	0.0%	$20.37	0.0%	COM CL A	30209R106
GEMI	GEMINI SPACE STA INC	16,500	$164	0.0%	$15.60	0.0%	CL A COM	36866J105
NMAX	NEWSMAX INC	20,900	$162	0.0%	$9.61	0.0%	COM SHS CLASS B	65250K105
SB	SAFE BULKERS INC	33,440	$161	0.0%	$4.74	0.0%	COM	Y7388L103
ARCT	ARCTURUS THERAPEUTICS HLDGS	26,283	$161	0.0%	$10.80	0.0%	COM	03969T109
KULR	KULR TECHNOLOGY GROUP INC	54,200	$160	0.0%	$3.67	0.0%	COM	50125G307
HUMA	HUMACYTE INC	162,900	$156	0.0%	$1.42	0.0%	COM	44486Q103
ALTS	ALT5 SIGMA CORP	141,200	$155	0.0%	$1.93	0.0%	COM	47089W104
BYND	BEYOND MEAT INC	186,200	$153	0.0%	$1.39	0.0%	COM	08862E109
DEFT	DEFI TECHNOLOGIES INC	189,800	$143	0.0%	$1.53	0.0%	COM	244916102
AIRS	AIRSCULPT TECHNOLOGIES INC	70,467	$140	0.0%	$6.07	0.0%	COM	009496100
SENS	SENSEONICS HLDGS INC	25,100	$139	0.0%	$6.96	0.0%	COM	81727U303
—	BITCOIN DEPOT INC	106,500	$137	0.0%	$15.34	0.0%	COM	09174P105
HSDT	SOLANA CO	47,400	$137	0.0%	$6.60	0.0%	COM CL A NEW	42328V876
ORBS	EIGHTCO HOLDINGS INC	78,400	$136	0.0%	$4.69	0.0%	COM	22890A302
PROP	PRAIRIE OPER CO	79,900	$135	0.0%	$1.82	0.0%	COM	739650109
HAIN	HAIN CELESTIAL GROUP INC	123,200	$132	0.0%	$1.23	0.0%	COM	405217100
FRMM	ETHZILLA CORPORATION	26,200	$128	0.0%	$14.11	0.0%	COM SHS	68236V401
KOPN	KOPIN CORP	54,044	$126	0.0%	$2.89	0.0%	COM	500600101
SOC	SABLE OFFSHORE CORP	13,400	$121	0.0%	$9.44	0.0%	COM SHS	78574H104
PMI	PICARD MEDICAL INC	67,312	$118	0.0%	$4.71	0.0%	COM SHS	71953R108
ELBM	ELECTRA BATTERY MATERIALS CO	144,400	$116	0.0%	$1.33	0.0%	COM	28474P706
INFU	INFUSYSTEM HLDGS INC	12,221	$110	0.0%	$9.57	0.0%	COM	45685K102
SLQT	SELECTQUOTE INC	76,700	$108	0.0%	$1.67	0.0%	COM	816307300
UPXI	UPEXI INC	59,342	$100	0.0%	$3.78	0.0%	COM NEW	39959A205
FFAI	FARADAY FUTURE INTLGT ELEC I COM N	97,628	$100	0.0%	$1.24	0.0%	EW CL A	307359885
PDYN	PALLADYNE AI CORP	23,342	$99	0.0%	$6.73	0.0%	COM NEW	80359A205
TONX	TON STRATEGY CO	46,900	$93	0.0%	$3.65	0.0%	COM	92337U302
BZAI	BLAIZE HLDGS INC	43,855	$86	0.0%	$3.23	0.0%	COM	092915107
LFVN	LIFEVANTAGE CORP	12,300	$76	0.0%	$7.40	0.0%	COM NEW	53222K205
ATOM	ATOMERA INC	33,500	$74	0.0%	$3.02	0.0%	COM	04965B100
RCEL	AVITA MEDICAL INC	13,900	$48	0.0%	$3.99	0.0%	COM	05380C102
MLGO	MICROALGO INC	10,200	$45	0.0%	$7.95	0.0%	SHS CL A	G6077Y400
AVX	AVAX ONE TECHNOLOGY LTD	20,400	$31	0.0%	$2.42	0.0%	COM SHS	05353F108
NNOX	NANO X IMAGING LTD	10,877	$30	0.0%	$3.59	0.0%	ORD SHS	M70700105
STSS	SHARPS TECHNOLOGY INC	12,100	$25	0.0%	$3.86	0.0%	COM	82003F309

Increased Positions (78)

— D-WAVE QUANTUM INC 6.2%

Value ($000) $34,858 (+252.7%) Shares 1,333,000 (+233.3%) Est. Cost — Unrealized —

— ISHARES BITCOIN TRUST ETF 7.4%

Value ($000) $42,103 (-19.8%) Shares 848,000 (+5.0%) Est. Cost — Unrealized —

— APPLOVIN CORP 1.5%

Value ($000) $8,692 (+86.1%) Shares 12,900 (+98.5%) Est. Cost — Unrealized —

— PURECYCLE TECHNOLOGIES INC 1.0%

Value ($000) $5,928 (-32.4%) Shares 690,100 (+3.5%) Est. Cost — Unrealized —

ACN ACCENTURE PLC IRELAND 1.2%

Value ($000) $7,051 (+60.7%) Shares 26,279 (+47.7%) Est. Cost $312.40 Unrealized -18.7%

MPTI M-TRON INDS INC 0.5%

Value ($000) $2,877 (+640.7%) Shares 54,054 (+672.2%) Est. Cost $51.78 Unrealized +2.0%

ITRN ITURAN LOCATION AND CONTROL 2.2%

Value ($000) $12,189 (+21.7%) Shares 283,405 (+1.1%) Est. Cost $28.55 Unrealized +37.4%

CRI CARTERS INC 0.4%

Value ($000) $2,381 (+882.4%) Shares 73,416 (+754.9%) Est. Cost $35.29 Unrealized -12.0%

AKAM AKAMAI TECHNOLOGIES INC 0.7%

Value ($000) $3,695 (+119.9%) Shares 42,346 (+91.0%) Est. Cost $79.86 Unrealized +3.0%

— SOLARIS ENERGY INFRAS INC 1.2%

Value ($000) $6,684 (+43.1%) Shares 145,400 (+24.4%) Est. Cost — Unrealized —

DAL DELTA AIR LINES INC DEL 1.5%

Value ($000) $8,698 (+28.0%) Shares 125,332 (+4.7%) Est. Cost $43.52 Unrealized +43.5%

JOUT JOHNSON OUTDOORS INC 0.8%

Value ($000) $4,797 (+31.3%) Shares 113,004 (+24.9%) Est. Cost $39.42 Unrealized +5.0%

G GENPACT LIMITED 0.6%

Value ($000) $3,473 (+46.6%) Shares 74,248 (+31.2%) Est. Cost $38.56 Unrealized +12.1%

IRMD IRADIMED CORP 0.5%

Value ($000) $2,698 (+43.5%) Shares 27,734 (+5.0%) Est. Cost $48.64 Unrealized +75.5%

SSD SIMPSON MFG INC 0.2%

Value ($000) $1,185 (+215.9%) Shares 7,341 (+227.6%) Est. Cost $173.90 Unrealized -3.0%

BKNG BOOKING HOLDINGS INC 0.6%

Value ($000) $3,449 (+30.4%) Shares 644 (+31.4%) Est. Cost $3326.43 Unrealized +54.5%

CCJ CAMECO CORP 0.4%

Value ($000) $2,197 (+55.8%) Shares 24,018 (+42.8%) Est. Cost $40.55 Unrealized +121.8%

CELC CELCUITY INC 0.3%

Value ($000) $1,526 (+106.0%) Shares 15,303 (+2.0%) Est. Cost $40.86 Unrealized +101.2%

TTC TORO CO 0.2%

Value ($000) $1,048 (+288.4%) Shares 13,312 (+275.9%) Est. Cost $73.26 Unrealized +0.9%

QQQ INVESCO QQQ TR 1.8%

Value ($000) $10,044 (+7.2%) Shares 16,350 (+4.7%) Est. Cost $509.51 Unrealized —

BKUT BANK UTICA/NY 0.3%

Value ($000) $1,893 (+43.3%) Shares 3,572 (+38.9%) Est. Cost $475.38 Unrealized +8.7%

HSAI HESAI GROUP 0.5%

Value ($000) $2,845 (-16.6%) Shares 127,024 (+4.6%) Est. Cost $25.92 Unrealized —

ACIW ACI WORLDWIDE INC 0.4%

Value ($000) $2,146 (+29.7%) Shares 44,895 (+43.2%) Est. Cost $45.28 Unrealized +7.1%

IJR ISHARES TR 1.3%

Value ($000) $7,538 (+5.7%) Shares 62,720 (+4.5%) Est. Cost $115.44 Unrealized —

HD HOME DEPOT INC 0.6%

Value ($000) $3,193 (-11.3%) Shares 9,280 (+4.5%) Est. Cost $351.22 Unrealized +3.8%

ABNB AIRBNB INC 0.4%

Value ($000) $2,438 (+17.2%) Shares 17,967 (+4.8%) Est. Cost $130.39 Unrealized -4.5%

ACOG ALPHA COGNITION INC 0.2%

Value ($000) $1,400 (+30.0%) Shares 215,458 (+30.2%) Est. Cost $5.77 Unrealized +9.4%

NATR NATURES SUNSHINE PRODS INC 0.2%

Value ($000) $883 (+54.9%) Shares 40,907 (+11.4%) Est. Cost $14.71 Unrealized +24.6%

PCH POTLATCHDELTIC CORPORATION 0.2%

Value ($000) $947 (+38.3%) Shares 23,800 (+41.7%) Est. Cost $40.46 Unrealized —

BLKB BLACKBAUD INC 0.3%

Value ($000) $1,866 (+16.1%) Shares 29,476 (+17.9%) Est. Cost $65.44 Unrealized -5.5%

HCKT HACKETT GROUP INC 0.6%

Value ($000) $3,384 (+7.6%) Shares 172,373 (+4.2%) Est. Cost $22.08 Unrealized -14.1%

RNW RENEW ENERGY GLOBAL PLC 0.1%

Value ($000) $780 (-23.3%) Shares 138,020 (+4.5%) Est. Cost $5.57 Unrealized +29.7%

LYTS LSI INDS INC OHIO 0.2%

Value ($000) $962 (-18.8%) Shares 52,516 (+4.7%) Est. Cost $12.98 Unrealized +56.6%

MSFT MICROSOFT CORP 1.5%

Value ($000) $8,594 (-2.2%) Shares 17,770 (+4.7%) Est. Cost $298.89 Unrealized +67.5%

TLYS TILLYS INC 0.1%

Value ($000) $319 (+157.3%) Shares 160,373 (+166.4%) Est. Cost $3.71 Unrealized -55.9%

V VISA INC 0.5%

Value ($000) $2,869 (+7.1%) Shares 8,180 (+4.2%) Est. Cost $199.36 Unrealized +70.7%

AGM/A FEDERAL AGRIC MTG CORP 0.3%

Value ($000) $1,901 (+10.2%) Shares 14,131 (+1.6%) Est. Cost $120.73 Unrealized +5.0%

FOX FOX CORP 0.2%

Value ($000) $1,012 (+18.4%) Shares 15,591 (+4.5%) Est. Cost $32.85 Unrealized +77.7%

SII SPROTT INC 0.1%

Value ($000) $614 (+23.2%) Shares 6,273 (+4.7%) Est. Cost $37.96 Unrealized +133.6%

FTK FLOTEK INDS INC DEL 0.1%

Value ($000) $541 (+23.5%) Shares 31,390 (+4.6%) Est. Cost $12.78 Unrealized +24.2%

ITIC INVESTORS TITLE CO NC 0.7%

Value ($000) $4,164 (-2.3%) Shares 16,680 (+4.8%) Est. Cost $189.61 Unrealized +38.6%

EVTC EVERTEC INC 0.7%

Value ($000) $3,904 (-2.5%) Shares 134,216 (+13.2%) Est. Cost $34.46 Unrealized -13.8%

FSBW FS BANCORP INC 0.2%

Value ($000) $1,360 (+7.5%) Shares 33,041 (+4.3%) Est. Cost $32.02 Unrealized +24.2%

EXP EAGLE MATLS INC 0.2%

Value ($000) $1,203 (-7.2%) Shares 5,821 (+4.7%) Est. Cost $221.66 Unrealized -0.5%

LAD LITHIA MTRS INC 0.2%

Value ($000) $900 (+10.0%) Shares 2,707 (+4.6%) Est. Cost $330.89 Unrealized -4.0%

AB ALLIANCEBERNSTEIN HLDG L P 0.3%

Value ($000) $1,645 (+5.2%) Shares 42,750 (+4.5%) Est. Cost $35.14 Unrealized —

GAMB GAMBLING COM GROUP LIMITED 0.0%

Value ($000) $196 (-27.3%) Shares 35,900 (+9.0%) Est. Cost $9.40 Unrealized -32.4%

NVR NVR INC 0.3%

Value ($000) $1,502 (-4.6%) Shares 206 (+5.1%) Est. Cost $6710.22 Unrealized +11.4%

MITK MITEK SYS INC 0.1%

Value ($000) $585 (+12.8%) Shares 55,434 (+4.5%) Est. Cost $11.38 Unrealized -17.0%

YUM YUM BRANDS INC 0.3%

Value ($000) $1,708 (+4.0%) Shares 11,290 (+4.5%) Est. Cost $141.90 Unrealized +4.1%

AVNW AVIAT NETWORKS INC 0.4%

Value ($000) $2,238 (-2.5%) Shares 104,675 (+4.5%) Est. Cost $29.84 Unrealized -25.2%

SSNC SS&C TECHNOLOGIES HLDGS INC 0.3%

Value ($000) $1,904 (+3.1%) Shares 21,776 (+4.7%) Est. Cost $58.68 Unrealized +45.3%

LIND LINDBLAD EXPEDITIONS HLDGS I 0.1%

Value ($000) $378 (+18.0%) Shares 26,180 (+4.7%) Est. Cost $13.14 Unrealized -4.0%

EQT EQT CORP 0.4%

Value ($000) $1,989 (+2.9%) Shares 37,100 (+4.5%) Est. Cost $43.63 Unrealized +28.7%

BOND PIMCO ETF TR 0.2%

Value ($000) $1,394 (+4.2%) Shares 14,977 (+4.5%) Est. Cost $94.11 Unrealized —

CWB SPDR SERIES TRUST 0.3%

Value ($000) $1,620 (+3.3%) Shares 18,166 (+4.8%) Est. Cost $81.02 Unrealized —

PAYX PAYCHEX INC 0.1%

Value ($000) $525 (-7.6%) Shares 4,680 (+4.5%) Est. Cost $74.98 Unrealized +55.4%

XLU SELECT SECTOR SPDR TR 0.3%

Value ($000) $1,801 (+2.3%) Shares 42,196 (+109.0%) Est. Cost $53.41 Unrealized —

WFCF WHERE FOOD COMES FROM INC 0.1%

Value ($000) $374 (-9.7%) Shares 32,551 (+4.2%) Est. Cost $10.79 Unrealized +14.6%

CATO CATO CORP NEW 0.0%

Value ($000) $121 (-24.9%) Shares 39,136 (+2.4%) Est. Cost $10.36 Unrealized -64.5%

MA MASTERCARD INCORPORATED 0.1%

Value ($000) $833 (+4.7%) Shares 1,460 (+4.3%) Est. Cost $322.27 Unrealized +73.4%

CVCO CAVCO INDS INC DEL 0.1%

Value ($000) $533 (+6.4%) Shares 902 (+4.6%) Est. Cost $412.97 Unrealized +37.2%

RELL RICHARDSON ELECTRS LTD 0.0%

Value ($000) $228 (+16.4%) Shares 20,940 (+4.7%) Est. Cost $12.96 Unrealized -18.4%

MOD MODINE MFG CO 0.2%

Value ($000) $908 (-3.2%) Shares 6,803 (+3.0%) Est. Cost $16.27 Unrealized +815.5%

GNSS GENASYS INC 0.0%

Value ($000) $242 (-10.9%) Shares 112,755 (+1.8%) Est. Cost $2.98 Unrealized -24.9%

BNTX BIONTECH SE 0.4%

Value ($000) $2,528 (+1.1%) Shares 26,559 (+4.7%) Est. Cost $107.23 Unrealized —

MCRI MONARCH CASINO & RESORT INC 0.1%

Value ($000) $304 (+7.2%) Shares 3,174 (+18.6%) Est. Cost $99.66 Unrealized -3.5%

BSM BLACK STONE MINERALS L P 0.1%

Value ($000) $472 (+4.4%) Shares 35,516 (+3.3%) Est. Cost $10.89 Unrealized —

CRNT CERAGON NETWORKS LTD 0.1%

Value ($000) $296 (-5.8%) Shares 141,130 (+4.5%) Est. Cost $3.32 Unrealized -32.8%

BBCP CONCRETE PUMPING HLDGS INC 0.1%

Value ($000) $667 (+2.5%) Shares 99,392 (+7.7%) Est. Cost $6.89 Unrealized -4.6%

BRCC BRC INC 0.0%

Value ($000) $46 (-25.5%) Shares 41,880 (+4.7%) Est. Cost $1.59 Unrealized -18.3%

RCKY ROCKY BRANDS INC 0.2%

Value ($000) $907 (+1.7%) Shares 30,922 (+3.3%) Est. Cost $26.55 Unrealized +10.8%

FALN ISHARES TR 0.1%

Value ($000) $561 (+2.7%) Shares 20,548 (+4.5%) Est. Cost $27.00 Unrealized —

FWONA LIBERTY MEDIA CORP DEL 0.1%

Value ($000) $611 (-2.3%) Shares 6,838 (+4.1%) Est. Cost $60.69 Unrealized —

SPH SUBURBAN PROPANE PARTNERS L 0.1%

Value ($000) $393 (+3.7%) Shares 21,174 (+4.3%) Est. Cost $15.15 Unrealized —

KMDA KAMADA LTD 0.0%

Value ($000) $233 (+6.3%) Shares 33,015 (+4.5%) Est. Cost $5.17 Unrealized +33.9%

DDI DOUBLEDOWN INTERACTIVE CO LT 0.1%

Value ($000) $295 (-3.4%) Shares 34,194 (+4.5%) Est. Cost $11.78 Unrealized —

GGG GRACO INC 0.1%

Value ($000) $387 (+1.2%) Shares 4,720 (+4.9%) Est. Cost $82.01 Unrealized -0.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	D-WAVE QUANTUM INC	1,333,000 (+233.3%)	$34,858 (+252.7%)	6.2%	—	—	PUT	26740W959
—	ISHARES BITCOIN TRUST ETF	848,000 (+5.0%)	$42,103 (-19.8%)	7.4%	—	—	CALL	46438F901
—	APPLOVIN CORP	12,900 (+98.5%)	$8,692 (+86.1%)	1.5%	—	—	PUT	03831W958
—	PURECYCLE TECHNOLOGIES INC	690,100 (+3.5%)	$5,928 (-32.4%)	1.0%	—	—	PUT	74623V953
ACN	ACCENTURE PLC IRELAND	26,279 (+47.7%)	$7,051 (+60.7%)	1.2%	$312.40	-18.7%	SHS CLASS A	G1151C101
MPTI	M-TRON INDS INC	54,054 (+672.2%)	$2,877 (+640.7%)	0.5%	$51.78	+2.0%	COM	55380K109
ITRN	ITURAN LOCATION AND CONTROL	283,405 (+1.1%)	$12,189 (+21.7%)	2.2%	$28.55	+37.4%	SHS	M6158M104
CRI	CARTERS INC	73,416 (+754.9%)	$2,381 (+882.4%)	0.4%	$35.29	-12.0%	COM	146229109
AKAM	AKAMAI TECHNOLOGIES INC	42,346 (+91.0%)	$3,695 (+119.9%)	0.7%	$79.86	+3.0%	COM	00971T101
—	SOLARIS ENERGY INFRAS INC	145,400 (+24.4%)	$6,684 (+43.1%)	1.2%	—	—	PUT	83418M953
DAL	DELTA AIR LINES INC DEL	125,332 (+4.7%)	$8,698 (+28.0%)	1.5%	$43.52	+43.5%	COM NEW	247361702
JOUT	JOHNSON OUTDOORS INC	113,004 (+24.9%)	$4,797 (+31.3%)	0.8%	$39.42	+5.0%	CL A	479167108
G	GENPACT LIMITED	74,248 (+31.2%)	$3,473 (+46.6%)	0.6%	$38.56	+12.1%	SHS	G3922B107
IRMD	IRADIMED CORP	27,734 (+5.0%)	$2,698 (+43.5%)	0.5%	$48.64	+75.5%	COM	46266A109
SSD	SIMPSON MFG INC	7,341 (+227.6%)	$1,185 (+215.9%)	0.2%	$173.90	-3.0%	COM	829073105
BKNG	BOOKING HOLDINGS INC	644 (+31.4%)	$3,449 (+30.4%)	0.6%	$3326.43	+54.5%	COM	09857L108
CCJ	CAMECO CORP	24,018 (+42.8%)	$2,197 (+55.8%)	0.4%	$40.55	+121.8%	COM	13321L108
CELC	CELCUITY INC	15,303 (+2.0%)	$1,526 (+106.0%)	0.3%	$40.86	+101.2%	COM	15102K100
TTC	TORO CO	13,312 (+275.9%)	$1,048 (+288.4%)	0.2%	$73.26	+0.9%	COM	891092108
QQQ	INVESCO QQQ TR	16,350 (+4.7%)	$10,044 (+7.2%)	1.8%	$509.51	—	UNIT SER 1	46090E103
BKUT	BANK UTICA/NY	3,572 (+38.9%)	$1,893 (+43.3%)	0.3%	$475.38	+8.7%	COM	065437105
HSAI	HESAI GROUP	127,024 (+4.6%)	$2,845 (-16.6%)	0.5%	$25.92	—	SPONSORED ADS	428050108
ACIW	ACI WORLDWIDE INC	44,895 (+43.2%)	$2,146 (+29.7%)	0.4%	$45.28	+7.1%	COM	004498101
IJR	ISHARES TR	62,720 (+4.5%)	$7,538 (+5.7%)	1.3%	$115.44	—	CORE S&P SCP ETF	464287804
HD	HOME DEPOT INC	9,280 (+4.5%)	$3,193 (-11.3%)	0.6%	$351.22	+3.8%	COM	437076102
ABNB	AIRBNB INC	17,967 (+4.8%)	$2,438 (+17.2%)	0.4%	$130.39	-4.5%	COM CL A	009066101
ACOG	ALPHA COGNITION INC	215,458 (+30.2%)	$1,400 (+30.0%)	0.2%	$5.77	+9.4%	COM NEW	02074J501
NATR	NATURES SUNSHINE PRODS INC	40,907 (+11.4%)	$883 (+54.9%)	0.2%	$14.71	+24.6%	COM	639027101
PCH	POTLATCHDELTIC CORPORATION	23,800 (+41.7%)	$947 (+38.3%)	0.2%	$40.46	—	COM	737630103
BLKB	BLACKBAUD INC	29,476 (+17.9%)	$1,866 (+16.1%)	0.3%	$65.44	-5.5%	COM	09227Q100
HCKT	HACKETT GROUP INC	172,373 (+4.2%)	$3,384 (+7.6%)	0.6%	$22.08	-14.1%	COM	404609109
RNW	RENEW ENERGY GLOBAL PLC	138,020 (+4.5%)	$780 (-23.3%)	0.1%	$5.57	+29.7%	CL A SHS	G7500M104
LYTS	LSI INDS INC OHIO	52,516 (+4.7%)	$962 (-18.8%)	0.2%	$12.98	+56.6%	COM	50216C108
MSFT	MICROSOFT CORP	17,770 (+4.7%)	$8,594 (-2.2%)	1.5%	$298.89	+67.5%	COM	594918104
TLYS	TILLYS INC	160,373 (+166.4%)	$319 (+157.3%)	0.1%	$3.71	-55.9%	CL A	886885102
V	VISA INC	8,180 (+4.2%)	$2,869 (+7.1%)	0.5%	$199.36	+70.7%	COM CL A	92826C839
AGM/A	FEDERAL AGRIC MTG CORP	14,131 (+1.6%)	$1,901 (+10.2%)	0.3%	$120.73	+5.0%	CL A	313148108
FOX	FOX CORP	15,591 (+4.5%)	$1,012 (+18.4%)	0.2%	$32.85	+77.7%	CL B COM	35137L204
SII	SPROTT INC	6,273 (+4.7%)	$614 (+23.2%)	0.1%	$37.96	+133.6%	COM NEW	852066208
FTK	FLOTEK INDS INC DEL	31,390 (+4.6%)	$541 (+23.5%)	0.1%	$12.78	+24.2%	COM NEW	343389409
ITIC	INVESTORS TITLE CO NC	16,680 (+4.8%)	$4,164 (-2.3%)	0.7%	$189.61	+38.6%	COM	461804106
EVTC	EVERTEC INC	134,216 (+13.2%)	$3,904 (-2.5%)	0.7%	$34.46	-13.8%	COM	30040P103
FSBW	FS BANCORP INC	33,041 (+4.3%)	$1,360 (+7.5%)	0.2%	$32.02	+24.2%	COM	30263Y104
EXP	EAGLE MATLS INC	5,821 (+4.7%)	$1,203 (-7.2%)	0.2%	$221.66	-0.5%	COM	26969P108
LAD	LITHIA MTRS INC	2,707 (+4.6%)	$900 (+10.0%)	0.2%	$330.89	-4.0%	COM	536797103
AB	ALLIANCEBERNSTEIN HLDG L P	42,750 (+4.5%)	$1,645 (+5.2%)	0.3%	$35.14	—	UNIT LTD PARTN	01881G106
GAMB	GAMBLING COM GROUP LIMITED	35,900 (+9.0%)	$196 (-27.3%)	0.0%	$9.40	-32.4%	ORDINARY SHARES	G3R239101
NVR	NVR INC	206 (+5.1%)	$1,502 (-4.6%)	0.3%	$6710.22	+11.4%	COM	62944T105
MITK	MITEK SYS INC	55,434 (+4.5%)	$585 (+12.8%)	0.1%	$11.38	-17.0%	COM NEW	606710200
YUM	YUM BRANDS INC	11,290 (+4.5%)	$1,708 (+4.0%)	0.3%	$141.90	+4.1%	COM	988498101
AVNW	AVIAT NETWORKS INC	104,675 (+4.5%)	$2,238 (-2.5%)	0.4%	$29.84	-25.2%	COM NEW	05366Y201
SSNC	SS&C TECHNOLOGIES HLDGS INC	21,776 (+4.7%)	$1,904 (+3.1%)	0.3%	$58.68	+45.3%	COM	78467J100
LIND	LINDBLAD EXPEDITIONS HLDGS I	26,180 (+4.7%)	$378 (+18.0%)	0.1%	$13.14	-4.0%	COM	535219109
EQT	EQT CORP	37,100 (+4.5%)	$1,989 (+2.9%)	0.4%	$43.63	+28.7%	COM	26884L109
BOND	PIMCO ETF TR	14,977 (+4.5%)	$1,394 (+4.2%)	0.2%	$94.11	—	ACTIVE BD ETF	72201R775
CWB	SPDR SERIES TRUST	18,166 (+4.8%)	$1,620 (+3.3%)	0.3%	$81.02	—	STATE STREET SPD	78464A359
PAYX	PAYCHEX INC	4,680 (+4.5%)	$525 (-7.6%)	0.1%	$74.98	+55.4%	COM	704326107
XLU	SELECT SECTOR SPDR TR	42,196 (+109.0%)	$1,801 (+2.3%)	0.3%	$53.41	—	STATE STREET UTI	81369Y886
WFCF	WHERE FOOD COMES FROM INC	32,551 (+4.2%)	$374 (-9.7%)	0.1%	$10.79	+14.6%	COM NEW	96327X200
CATO	CATO CORP NEW	39,136 (+2.4%)	$121 (-24.9%)	0.0%	$10.36	-64.5%	CL A	149205106
MA	MASTERCARD INCORPORATED	1,460 (+4.3%)	$833 (+4.7%)	0.1%	$322.27	+73.4%	CL A	57636Q104
CVCO	CAVCO INDS INC DEL	902 (+4.6%)	$533 (+6.4%)	0.1%	$412.97	+37.2%	COM	149568107
RELL	RICHARDSON ELECTRS LTD	20,940 (+4.7%)	$228 (+16.4%)	0.0%	$12.96	-18.4%	COM	763165107
MOD	MODINE MFG CO	6,803 (+3.0%)	$908 (-3.2%)	0.2%	$16.27	+815.5%	COM	607828100
GNSS	GENASYS INC	112,755 (+1.8%)	$242 (-10.9%)	0.0%	$2.98	-24.9%	COM	36872P103
BNTX	BIONTECH SE	26,559 (+4.7%)	$2,528 (+1.1%)	0.4%	$107.23	—	SPONSORED ADS	09075V102
MCRI	MONARCH CASINO & RESORT INC	3,174 (+18.6%)	$304 (+7.2%)	0.1%	$99.66	-3.5%	COM	609027107
BSM	BLACK STONE MINERALS L P	35,516 (+3.3%)	$472 (+4.4%)	0.1%	$10.89	—	COM UNIT	09225M101
CRNT	CERAGON NETWORKS LTD	141,130 (+4.5%)	$296 (-5.8%)	0.1%	$3.32	-32.8%	ORD	M22013102
BBCP	CONCRETE PUMPING HLDGS INC	99,392 (+7.7%)	$667 (+2.5%)	0.1%	$6.89	-4.6%	COM	206704108
BRCC	BRC INC	41,880 (+4.7%)	$46 (-25.5%)	0.0%	$1.59	-18.3%	COM CL A	05601U105
RCKY	ROCKY BRANDS INC	30,922 (+3.3%)	$907 (+1.7%)	0.2%	$26.55	+10.8%	COM	774515100
FALN	ISHARES TR	20,548 (+4.5%)	$561 (+2.7%)	0.1%	$27.00	—	FALN ANGLS USD	46435G474
FWONA	LIBERTY MEDIA CORP DEL	6,838 (+4.1%)	$611 (-2.3%)	0.1%	$60.69	—	COM LBTY ONE S A	531229771
SPH	SUBURBAN PROPANE PARTNERS L	21,174 (+4.3%)	$393 (+3.7%)	0.1%	$15.15	—	UNIT LTD PARTN	864482104
KMDA	KAMADA LTD	33,015 (+4.5%)	$233 (+6.3%)	0.0%	$5.17	+33.9%	SHS	M6240T109
DDI	DOUBLEDOWN INTERACTIVE CO LT	34,194 (+4.5%)	$295 (-3.4%)	0.1%	$11.78	—	ADS	25862B109
GGG	GRACO INC	4,720 (+4.9%)	$387 (+1.2%)	0.1%	$82.01	-0.1%	COM	384109104

Exited Positions (81)

— ARK ETF TR 3.8%

Value ($000) $21,575 Shares 250,000 Est. Cost — Unrealized —

FLR FLUOR CORP NEW 1.7%

Value ($000) $9,459 Shares 224,842 Est. Cost $46.02 Unrealized -3.9%

— ISHARES TR 1.4%

Value ($000) $8,119 Shares 100,000 Est. Cost — Unrealized —

— CALIFORNIA RES CORP 1.3%

Value ($000) $7,286 Shares 137,000 Est. Cost — Unrealized —

— WALMART INC 0.9%

Value ($000) $5,132 Shares 49,800 Est. Cost — Unrealized —

— ISHARES ETHEREUM TR 0.7%

Value ($000) $3,970 Shares 126,000 Est. Cost — Unrealized —

— MAPLEBEAR INC 0.7%

Value ($000) $3,676 Shares 100,000 Est. Cost — Unrealized —

— PERPETUA RESOURCES CORP 0.5%

Value ($000) $2,626 Shares 129,800 Est. Cost — Unrealized —

TGT TARGET CORP 0.4%

Value ($000) $2,119 Shares 23,627 Est. Cost $96.73 Unrealized -5.3%

NKE NIKE INC 0.3%

Value ($000) $1,569 Shares 22,500 Est. Cost $59.08 Unrealized +9.9%

ETHA ISHARES ETHEREUM TR 0.3%

Value ($000) $1,476 Shares 46,850 Est. Cost $31.51 Unrealized —

CUK CARNIVAL PLC 0.2%

Value ($000) $1,399 Shares 52,913 Est. Cost $20.37 Unrealized —

QURE UNIQURE NV 0.2%

Value ($000) $1,313 Shares 22,500 Est. Cost $18.16 Unrealized +112.5%

CART MAPLEBEAR INC 0.2%

Value ($000) $1,103 Shares 30,000 Est. Cost $46.04 Unrealized -11.1%

AEO AMERICAN EAGLE OUTFITTERS IN 0.2%

Value ($000) $1,069 Shares 62,500 Est. Cost $13.49 Unrealized +45.7%

— INVESCO EXCH TRADED FD TR II 0.2%

Value ($000) $1,047 Shares 50,000 Est. Cost — Unrealized —

ETSY ETSY INC 0.2%

Value ($000) $996 Shares 15,000 Est. Cost $59.71 Unrealized +2.2%

SN SHARKNINJA INC 0.2%

Value ($000) $860 Shares 8,333 Est. Cost $114.21 Unrealized -13.7%

ANET ARISTA NETWORKS INC 0.1%

Value ($000) $845 Shares 5,800 Est. Cost $128.77 Unrealized +6.9%

WAY WAYSTAR HLDG CORP 0.1%

Value ($000) $834 Shares 22,000 Est. Cost $37.06 Unrealized -3.9%

GTM ZOOMINFO TECHNOLOGIES INC 0.1%

Value ($000) $818 Shares 75,000 Est. Cost $10.72 Unrealized -4.0%

GTLB GITLAB INC 0.1%

Value ($000) $811 Shares 18,000 Est. Cost $45.75 Unrealized -5.4%

HIFS HINGHAM INSTN SVGS MASS 0.1%

Value ($000) $791 Shares 3,000 Est. Cost $184.53 Unrealized +54.0%

JXN JACKSON FINANCIAL INC 0.1%

Value ($000) $758 Shares 7,483 Est. Cost $35.67 Unrealized +177.3%

LUMN LUMEN TECHNOLOGIES INC 0.1%

Value ($000) $719 Shares 117,448 Est. Cost $4.80 Unrealized +71.5%

SGI SOMNIGROUP INTERNATIONAL INC 0.1%

Value ($000) $692 Shares 8,200 Est. Cost $78.80 Unrealized +10.9%

ASTS AST SPACEMOBILE INC 0.1%

Value ($000) $627 Shares 12,776 Est. Cost $48.19 Unrealized +48.1%

NWL NEWELL BRANDS INC 0.1%

Value ($000) $538 Shares 102,715 Est. Cost $5.51 Unrealized -27.7%

AZ A2Z CUST2MATE SOLUTIONS CORP 0.1%

Value ($000) $495 Shares 62,000 Est. Cost $9.48 Unrealized -32.2%

MPTI/WS M-TRON INDS INC 0.1%

Value ($000) $454 Shares 259,479 Est. Cost $1.75 Unrealized —

LODE COMSTOCK INC 0.1%

Value ($000) $448 Shares 131,050 Est. Cost $3.12 Unrealized +9.1%

— DENNYS CORP 0.1%

Value ($000) $366 Shares 70,000 Est. Cost $5.23 Unrealized —

HBM HUDBAY MINERALS INC 0.1%

Value ($000) $364 Shares 24,030 Est. Cost $11.45 Unrealized +47.7%

NTNX NUTANIX INC 0.1%

Value ($000) $350 Shares 4,700 Est. Cost $73.39 Unrealized -16.7%

DLR DIGITAL RLTY TR INC 0.1%

Value ($000) $346 Shares 2,000 Est. Cost $168.66 Unrealized -3.3%

BILL BILL HOLDINGS INC 0.1%

Value ($000) $344 Shares 6,500 Est. Cost $46.44 Unrealized +10.6%

EGO ELDORADO GOLD CORP NEW 0.1%

Value ($000) $344 Shares 11,907 Est. Cost $23.54 Unrealized +27.1%

FSM FORTUNA MNG CORP 0.1%

Value ($000) $332 Shares 37,054 Est. Cost $7.30 Unrealized +23.3%

NEU NEWMARKET CORP 0.1%

Value ($000) $316 Shares 381 Est. Cost $613.76 Unrealized +24.0%

ENS ENERSYS 0.1%

Value ($000) $311 Shares 2,750 Est. Cost $96.81 Unrealized +37.8%

LEVI LEVI STRAUSS & CO NEW 0.1%

Value ($000) $305 Shares 13,105 Est. Cost $20.94 Unrealized +2.1%

MLI MUELLER INDS INC 0.1%

Value ($000) $301 Shares 2,981 Est. Cost $91.43 Unrealized +17.4%

DBX DROPBOX INC 0.1%

Value ($000) $294 Shares 9,745 Est. Cost $28.60 Unrealized +1.8%

KE KIMBALL ELECTRONICS INC 0.1%

Value ($000) $293 Shares 9,812 Est. Cost $24.66 Unrealized +17.0%

ATKR ATKORE INC 0.1%

Value ($000) $293 Shares 4,664 Est. Cost $64.34 Unrealized +0.5%

HNI HNI CORP 0.1%

Value ($000) $292 Shares 6,233 Est. Cost $45.62 Unrealized -7.4%

R RYDER SYS INC 0.1%

Value ($000) $290 Shares 1,538 Est. Cost $123.88 Unrealized +45.1%

GIL GILDAN ACTIVEWEAR INC 0.1%

Value ($000) $289 Shares 5,005 Est. Cost $36.47 Unrealized +63.0%

— INTERPUBLIC GROUP COS INC 0.1%

Value ($000) $287 Shares 10,294 Est. Cost $25.59 Unrealized +1.5%

BWA BORGWARNER INC 0.1%

Value ($000) $287 Shares 6,523 Est. Cost $39.71 Unrealized +10.0%

INMD INMODE LTD 0.0%

Value ($000) $282 Shares 18,895 Est. Cost $14.62 Unrealized +0.6%

SANM SANMINA CORPORATION 0.0%

Value ($000) $280 Shares 2,430 Est. Cost $81.23 Unrealized +81.7%

OPEN OPENDOOR TECHNOLOGIES INC 0.0%

Value ($000) $279 Shares 35,000 Est. Cost $4.19 Unrealized +74.2%

ALV AUTOLIV INC 0.0%

Value ($000) $279 Shares 2,258 Est. Cost $119.11 Unrealized +0.2%

— INDIVIOR PLC 0.0%

Value ($000) $278 Shares 11,540 Est. Cost $24.11 Unrealized —

LNN LINDSAY CORP 0.0%

Value ($000) $275 Shares 1,953 Est. Cost $129.76 Unrealized -7.7%

CBL CBL & ASSOC PPTYS INC 0.0%

Value ($000) $274 Shares 8,976 Est. Cost $30.58 Unrealized —

ROCK GIBRALTAR INDS INC 0.0%

Value ($000) $272 Shares 4,328 Est. Cost $57.65 Unrealized -0.6%

SEM SELECT MED HLDGS CORP 0.0%

Value ($000) $269 Shares 20,934 Est. Cost $13.23 Unrealized +6.6%

TNL TRAVEL PLUS LEISURE CO 0.0%

Value ($000) $268 Shares 4,504 Est. Cost $42.97 Unrealized +51.6%

FSV FIRSTSERVICE CORP NEW 0.0%

Value ($000) $267 Shares 1,404 Est. Cost $192.87 Unrealized -15.8%

CNXN PC CONNECTION INC 0.0%

Value ($000) $267 Shares 4,309 Est. Cost $63.92 Unrealized -7.2%

OPCH OPTION CARE HEALTH INC 0.0%

Value ($000) $266 Shares 9,574 Est. Cost $31.65 Unrealized -7.3%

ALSN ALLISON TRANSMISSION HLDGS I 0.0%

Value ($000) $265 Shares 3,127 Est. Cost $94.00 Unrealized -6.9%

TMHC TAYLOR MORRISON HOME CORP 0.0%

Value ($000) $265 Shares 4,014 Est. Cost $60.08 Unrealized +1.8%

MTCH MATCH GROUP INC NEW 0.0%

Value ($000) $263 Shares 7,441 Est. Cost $35.47 Unrealized -7.4%

MSA MSA SAFETY INC 0.0%

Value ($000) $263 Shares 1,527 Est. Cost $174.17 Unrealized -6.5%

KOP KOPPERS HOLDINGS INC 0.0%

Value ($000) $259 Shares 9,263 Est. Cost $30.64 Unrealized -8.9%

UNF UNIFIRST CORP MASS 0.0%

Value ($000) $259 Shares 1,548 Est. Cost $172.96 Unrealized -2.6%

MAT MATTEL INC 0.0%

Value ($000) $258 Shares 15,301 Est. Cost $18.23 Unrealized +6.0%

PGNY PROGYNY INC 0.0%

Value ($000) $257 Shares 11,938 Est. Cost $21.97 Unrealized +4.7%

CTS CTS CORP 0.0%

Value ($000) $257 Shares 6,427 Est. Cost $48.18 Unrealized -13.0%

LNWO LIGHT & WONDER INC 0.0%

Value ($000) $254 Shares 3,031 Est. Cost $95.91 Unrealized -8.1%

CENTA CENTRAL GARDEN & PET CO 0.0%

Value ($000) $249 Shares 8,436 Est. Cost $31.38 Unrealized -7.9%

NOMD NOMAD FOODS LTD 0.0%

Value ($000) $235 Shares 17,894 Est. Cost $17.24 Unrealized -29.2%

KEX KIRBY CORP 0.0%

Value ($000) $233 Shares 2,789 Est. Cost $103.64 Unrealized -1.9%

SGA SAGA COMMUNICATIONS INC 0.0%

Value ($000) $151 Shares 12,160 Est. Cost $23.53 Unrealized -48.7%

— BEYOND MEAT INC 0.0%

Value ($000) $140 Shares 500,000 Est. Cost $0.24 Unrealized —

EWCZ EUROPEAN WAX CTR INC 0.0%

Value ($000) $128 Shares 31,987 Est. Cost $4.56 Unrealized -18.1%

— TILE SHOP HLDGS INC 0.0%

Value ($000) $115 Shares 18,999 Est. Cost $7.91 Unrealized —

TZOO TRAVELZOO 0.0%

Value ($000) $106 Shares 10,773 Est. Cost $10.75 Unrealized -24.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ARK ETF TR	250,000	$21,575	3.8%	—	—	CALL	00214Q904
FLR	FLUOR CORP NEW	224,842	$9,459	1.7%	$46.02	-3.9%	—	343412102
—	ISHARES TR	100,000	$8,119	1.4%	—	—	PUT	464288953
—	CALIFORNIA RES CORP	137,000	$7,286	1.3%	—	—	CALL	13057Q905
—	WALMART INC	49,800	$5,132	0.9%	—	—	CALL	931142903
—	ISHARES ETHEREUM TR	126,000	$3,970	0.7%	—	—	CALL	46438R905
—	MAPLEBEAR INC	100,000	$3,676	0.7%	—	—	CALL	565394903
—	PERPETUA RESOURCES CORP	129,800	$2,626	0.5%	—	—	CALL	714266903
TGT	TARGET CORP	23,627	$2,119	0.4%	$96.73	-5.3%	—	87612E106
NKE	NIKE INC	22,500	$1,569	0.3%	$59.08	+9.9%	—	654106103
ETHA	ISHARES ETHEREUM TR	46,850	$1,476	0.3%	$31.51	—	—	46438R105
CUK	CARNIVAL PLC	52,913	$1,399	0.2%	$20.37	—	—	14365C103
QURE	UNIQURE NV	22,500	$1,313	0.2%	$18.16	+112.5%	—	N90064101
CART	MAPLEBEAR INC	30,000	$1,103	0.2%	$46.04	-11.1%	—	565394103
AEO	AMERICAN EAGLE OUTFITTERS IN	62,500	$1,069	0.2%	$13.49	+45.7%	—	02553E106
—	INVESCO EXCH TRADED FD TR II	50,000	$1,047	0.2%	—	—	PUT	46138G958
ETSY	ETSY INC	15,000	$996	0.2%	$59.71	+2.2%	—	29786A106
SN	SHARKNINJA INC	8,333	$860	0.2%	$114.21	-13.7%	—	G8068L108
ANET	ARISTA NETWORKS INC	5,800	$845	0.1%	$128.77	+6.9%	—	040413205
WAY	WAYSTAR HLDG CORP	22,000	$834	0.1%	$37.06	-3.9%	—	946784105
GTM	ZOOMINFO TECHNOLOGIES INC	75,000	$818	0.1%	$10.72	-4.0%	—	98980F104
GTLB	GITLAB INC	18,000	$811	0.1%	$45.75	-5.4%	—	37637K108
HIFS	HINGHAM INSTN SVGS MASS	3,000	$791	0.1%	$184.53	+54.0%	—	433323102
JXN	JACKSON FINANCIAL INC	7,483	$758	0.1%	$35.67	+177.3%	—	46817M107
LUMN	LUMEN TECHNOLOGIES INC	117,448	$719	0.1%	$4.80	+71.5%	—	550241103
SGI	SOMNIGROUP INTERNATIONAL INC	8,200	$692	0.1%	$78.80	+10.9%	—	88023U101
ASTS	AST SPACEMOBILE INC	12,776	$627	0.1%	$48.19	+48.1%	—	00217D100
NWL	NEWELL BRANDS INC	102,715	$538	0.1%	$5.51	-27.7%	—	651229106
AZ	A2Z CUST2MATE SOLUTIONS CORP	62,000	$495	0.1%	$9.48	-32.2%	—	002205102
MPTI/WS	M-TRON INDS INC	259,479	$454	0.1%	$1.75	—	—	55380K125
LODE	COMSTOCK INC	131,050	$448	0.1%	$3.12	+9.1%	—	205750409
—	DENNYS CORP	70,000	$366	0.1%	$5.23	—	—	24869P104
HBM	HUDBAY MINERALS INC	24,030	$364	0.1%	$11.45	+47.7%	—	443628102
NTNX	NUTANIX INC	4,700	$350	0.1%	$73.39	-16.7%	—	67059N108
DLR	DIGITAL RLTY TR INC	2,000	$346	0.1%	$168.66	-3.3%	—	253868103
BILL	BILL HOLDINGS INC	6,500	$344	0.1%	$46.44	+10.6%	—	090043100
EGO	ELDORADO GOLD CORP NEW	11,907	$344	0.1%	$23.54	+27.1%	—	284902509
FSM	FORTUNA MNG CORP	37,054	$332	0.1%	$7.30	+23.3%	—	349942102
NEU	NEWMARKET CORP	381	$316	0.1%	$613.76	+24.0%	—	651587107
ENS	ENERSYS	2,750	$311	0.1%	$96.81	+37.8%	—	29275Y102
LEVI	LEVI STRAUSS & CO NEW	13,105	$305	0.1%	$20.94	+2.1%	—	52736R102
MLI	MUELLER INDS INC	2,981	$301	0.1%	$91.43	+17.4%	—	624756102
DBX	DROPBOX INC	9,745	$294	0.1%	$28.60	+1.8%	—	26210C104
KE	KIMBALL ELECTRONICS INC	9,812	$293	0.1%	$24.66	+17.0%	—	49428J109
ATKR	ATKORE INC	4,664	$293	0.1%	$64.34	+0.5%	—	047649108
HNI	HNI CORP	6,233	$292	0.1%	$45.62	-7.4%	—	404251100
R	RYDER SYS INC	1,538	$290	0.1%	$123.88	+45.1%	—	783549108
GIL	GILDAN ACTIVEWEAR INC	5,005	$289	0.1%	$36.47	+63.0%	—	375916103
—	INTERPUBLIC GROUP COS INC	10,294	$287	0.1%	$25.59	+1.5%	—	460690100
BWA	BORGWARNER INC	6,523	$287	0.1%	$39.71	+10.0%	—	099724106
INMD	INMODE LTD	18,895	$282	0.0%	$14.62	+0.6%	—	M5425M103
SANM	SANMINA CORPORATION	2,430	$280	0.0%	$81.23	+81.7%	—	801056102
OPEN	OPENDOOR TECHNOLOGIES INC	35,000	$279	0.0%	$4.19	+74.2%	—	683712103
ALV	AUTOLIV INC	2,258	$279	0.0%	$119.11	+0.2%	—	052800109
—	INDIVIOR PLC	11,540	$278	0.0%	$24.11	—	—	G4766E116
LNN	LINDSAY CORP	1,953	$275	0.0%	$129.76	-7.7%	—	535555106
CBL	CBL & ASSOC PPTYS INC	8,976	$274	0.0%	$30.58	—	—	124830878
ROCK	GIBRALTAR INDS INC	4,328	$272	0.0%	$57.65	-0.6%	—	374689107
SEM	SELECT MED HLDGS CORP	20,934	$269	0.0%	$13.23	+6.6%	—	81619Q105
TNL	TRAVEL PLUS LEISURE CO	4,504	$268	0.0%	$42.97	+51.6%	—	894164102
FSV	FIRSTSERVICE CORP NEW	1,404	$267	0.0%	$192.87	-15.8%	—	33767E202
CNXN	PC CONNECTION INC	4,309	$267	0.0%	$63.92	-7.2%	—	69318J100
OPCH	OPTION CARE HEALTH INC	9,574	$266	0.0%	$31.65	-7.3%	—	68404L201
ALSN	ALLISON TRANSMISSION HLDGS I	3,127	$265	0.0%	$94.00	-6.9%	—	01973R101
TMHC	TAYLOR MORRISON HOME CORP	4,014	$265	0.0%	$60.08	+1.8%	—	87724P106
MTCH	MATCH GROUP INC NEW	7,441	$263	0.0%	$35.47	-7.4%	—	57667L107
MSA	MSA SAFETY INC	1,527	$263	0.0%	$174.17	-6.5%	—	553498106
KOP	KOPPERS HOLDINGS INC	9,263	$259	0.0%	$30.64	-8.9%	—	50060P106
UNF	UNIFIRST CORP MASS	1,548	$259	0.0%	$172.96	-2.6%	—	904708104
MAT	MATTEL INC	15,301	$258	0.0%	$18.23	+6.0%	—	577081102
PGNY	PROGYNY INC	11,938	$257	0.0%	$21.97	+4.7%	—	74340E103
CTS	CTS CORP	6,427	$257	0.0%	$48.18	-13.0%	—	126501105
LNWO	LIGHT & WONDER INC	3,031	$254	0.0%	$95.91	-8.1%	—	80874P109
CENTA	CENTRAL GARDEN & PET CO	8,436	$249	0.0%	$31.38	-7.9%	—	153527205
NOMD	NOMAD FOODS LTD	17,894	$235	0.0%	$17.24	-29.2%	—	G6564A105
KEX	KIRBY CORP	2,789	$233	0.0%	$103.64	-1.9%	—	497266106
SGA	SAGA COMMUNICATIONS INC	12,160	$151	0.0%	$23.53	-48.7%	—	786598300
—	BEYOND MEAT INC	500,000	$140	0.0%	$0.24	—	—	08862EAB5
EWCZ	EUROPEAN WAX CTR INC	31,987	$128	0.0%	$4.56	-18.1%	—	29882P106
—	TILE SHOP HLDGS INC	18,999	$115	0.0%	$7.91	—	—	88677Q109
TZOO	TRAVELZOO	10,773	$106	0.0%	$10.75	-24.7%	—	89421Q205

Decreased Positions (50)

— TESLA INC 4.8%

Value ($000) $26,983 (-51.5%) Shares 60,000 (-52.0%) Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF TR 4.4%

Value ($000) $24,866 (-53.1%) Shares 36,464 (-54.2%) Est. Cost $591.56 Unrealized —

— QUANTUM COMPUTING INC 0.7%

Value ($000) $4,104 (-74.0%) Shares 400,000 (-53.3%) Est. Cost — Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 2.8%

Value ($000) $15,923 (-36.7%) Shares 320,713 (-17.2%) Est. Cost $49.12 Unrealized —

— STRATEGY INC 0.6%

Value ($000) $3,191 (-67.0%) Shares 21,000 (-30.0%) Est. Cost — Unrealized —

ARKB ARK 21SHARES BITCOIN ETF 0.3%

Value ($000) $1,419 (-80.9%) Shares 48,880 (-74.9%) Est. Cost $49.65 Unrealized —

ASML ASML HOLDING N V 0.4%

Value ($000) $2,140 (-66.7%) Shares 2,000 (-69.8%) Est. Cost $719.70 Unrealized —

CRC CALIFORNIA RES CORP 1.3%

Value ($000) $7,358 (-34.8%) Shares 164,561 (-22.5%) Est. Cost $49.44 Unrealized -4.6%

— OKLO INC 0.1%

Value ($000) $459 (-86.3%) Shares 6,400 (-78.7%) Est. Cost — Unrealized —

DORM DORMAN PRODS INC 0.0%

Value ($000) $270 (-88.0%) Shares 2,194 (-84.8%) Est. Cost $110.40 Unrealized +22.3%

— SABLE OFFSHORE CORP 0.0%

Value ($000) $218 (-88.6%) Shares 24,200 (-78.0%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 2.9%

Value ($000) $16,633 (+9.5%) Shares 53,140 (-14.9%) Est. Cost $132.81 Unrealized +115.0%

MELI MERCADOLIBRE INC 0.2%

Value ($000) $1,092 (-55.1%) Shares 542 (-47.9%) Est. Cost $1984.94 Unrealized +5.8%

ETON ETON PHARMACEUTICALS INC 0.5%

Value ($000) $2,730 (-25.0%) Shares 161,436 (-3.7%) Est. Cost $4.64 Unrealized +279.1%

BBWI BATH & BODY WORKS INC 0.0%

Value ($000) $208 (-80.1%) Shares 10,378 (-74.4%) Est. Cost $28.91 Unrealized -24.9%

BWXT BWX TECHNOLOGIES INC 0.3%

Value ($000) $1,613 (-25.7%) Shares 9,330 (-20.7%) Est. Cost $62.52 Unrealized +199.8%

TPB TURNING PT BRANDS INC 1.6%

Value ($000) $9,323 (+5.5%) Shares 86,010 (-3.7%) Est. Cost $22.94 Unrealized +326.2%

— KAYNE ANDERSON ENERGY INFRST 0.1%

Value ($000) $775 (-31.3%) Shares 62,574 (-31.3%) Est. Cost $8.78 Unrealized —

FEIM FREQUENCY ELECTRS INC 0.0%

Value ($000) $280 (-55.4%) Shares 5,202 (-71.9%) Est. Cost $27.78 Unrealized +32.4%

— TRACTOR SUPPLY CO 0.2%

Value ($000) $1,250 (-20.6%) Shares 25,000 (-9.7%) Est. Cost — Unrealized —

MAMA MAMAS CREATIONS INC 0.5%

Value ($000) $2,940 (-9.5%) Shares 217,965 (-29.5%) Est. Cost $6.67 Unrealized +72.3%

GROY GOLD ROYALTY CORP 0.0%

Value ($000) $122 (-68.5%) Shares 30,100 (-69.9%) Est. Cost $3.09 Unrealized +23.9%

FTHM FATHOM HOLDINGS INC 0.0%

Value ($000) $163 (-54.7%) Shares 161,390 (-19.3%) Est. Cost $1.66 Unrealized -19.0%

HDSN HUDSON TECHNOLOGIES INC 0.0%

Value ($000) $183 (-36.2%) Shares 26,720 (-7.5%) Est. Cost $9.39 Unrealized -16.0%

FTDR FRONTDOOR INC 0.0%

Value ($000) $212 (-32.3%) Shares 3,672 (-21.0%) Est. Cost $50.48 Unrealized +16.5%

OTEX OPEN TEXT CORP 0.0%

Value ($000) $229 (-28.4%) Shares 7,031 (-17.9%) Est. Cost $26.55 Unrealized +33.4%

LOPE GRAND CANYON ED INC 0.0%

Value ($000) $209 (-30.0%) Shares 1,254 (-7.6%) Est. Cost $145.25 Unrealized +24.5%

VRRM VERRA MOBILITY CORP 0.0%

Value ($000) $213 (-29.0%) Shares 9,519 (-21.8%) Est. Cost $24.77 Unrealized -7.8%

EFXT ENERFLEX LTD 0.0%

Value ($000) $222 (-27.9%) Shares 14,395 (-49.6%) Est. Cost $9.28 Unrealized +43.2%

ADT ADT INC DEL 0.0%

Value ($000) $195 (-29.3%) Shares 24,177 (-23.7%) Est. Cost $8.48 Unrealized -2.5%

STRA STRATEGIC ED INC 0.0%

Value ($000) $214 (-27.0%) Shares 2,664 (-21.7%) Est. Cost $79.44 Unrealized +0.0%

GFF GRIFFON CORP 0.0%

Value ($000) $204 (-27.6%) Shares 2,764 (-25.2%) Est. Cost $69.81 Unrealized +6.3%

TBLA TABOOLA.COM LTD 0.1%

Value ($000) $354 (+25.4%) Shares 76,710 (-7.2%) Est. Cost $3.42 Unrealized +9.9%

YELP YELP INC 0.0%

Value ($000) $201 (-26.0%) Shares 6,605 (-24.0%) Est. Cost $35.14 Unrealized -12.2%

AWI ARMSTRONG WORLD INDS INC NEW 0.0%

Value ($000) $207 (-25.2%) Shares 1,085 (-23.3%) Est. Cost $185.53 Unrealized +2.8%

ELMD ELECTROMED INC 0.1%

Value ($000) $795 (+9.5%) Shares 27,302 (-7.7%) Est. Cost $13.01 Unrealized +101.5%

VNT VONTIER CORPORATION 0.0%

Value ($000) $205 (-24.2%) Shares 5,508 (-14.4%) Est. Cost $36.90 Unrealized +3.7%

FELE FRANKLIN ELEC INC 0.0%

Value ($000) $205 (-23.5%) Shares 2,145 (-23.8%) Est. Cost $93.96 Unrealized +1.2%

BCO BRINKS CO 0.0%

Value ($000) $238 (-17.5%) Shares 2,041 (-17.4%) Est. Cost $104.10 Unrealized +9.6%

PHIN PHINIA INC 0.0%

Value ($000) $229 (-17.4%) Shares 3,659 (-24.2%) Est. Cost $41.60 Unrealized +32.5%

DOX AMDOCS LTD 0.0%

Value ($000) $213 (-18.4%) Shares 2,640 (-16.8%) Est. Cost $82.98 Unrealized -3.7%

CARG CARGURUS INC 0.0%

Value ($000) $272 (-12.1%) Shares 7,095 (-14.7%) Est. Cost $30.59 Unrealized +17.8%

DAC DANAOS CORPORATION 0.0%

Value ($000) $242 (-9.3%) Shares 2,570 (-13.5%) Est. Cost $81.98 Unrealized +12.4%

REX REX AMERICAN RES CORP 0.0%

Value ($000) $271 (-6.7%) Shares 8,393 (-11.6%) Est. Cost $28.48 Unrealized +14.4%

RNGR RANGER ENERGY SVCS INC 0.0%

Value ($000) $150 (-10.6%) Shares 10,755 (-10.2%) Est. Cost $13.16 Unrealized +3.2%

CSTM CONSTELLIUM SE 0.1%

Value ($000) $295 (+6.0%) Shares 15,659 (-16.3%) Est. Cost $14.31 Unrealized +16.0%

NMM NAVIOS MARITIME PARTNERS L P COM U 0.1%

Value ($000) $283 (+5.9%) Shares 5,405 (-9.0%) Est. Cost $37.68 Unrealized —

ATMU ATMUS FILTRATION TECHNOLOGIE 0.1%

Value ($000) $297 (+3.5%) Shares 5,725 (-10.1%) Est. Cost $35.53 Unrealized +36.0%

DCI DONALDSON INC 0.1%

Value ($000) $292 (-3.4%) Shares 3,295 (-10.8%) Est. Cost $74.82 Unrealized +15.5%

LAUR LAUREATE EDUCATION INC 0.1%

Value ($000) $322 (-2.3%) Shares 9,563 (-8.5%) Est. Cost $15.73 Unrealized +96.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TESLA INC	60,000 (-52.0%)	$26,983 (-51.5%)	4.8%	—	—	PUT	88160R951
SPY	SPDR S&P 500 ETF TR	36,464 (-54.2%)	$24,866 (-53.1%)	4.4%	$591.56	—	TR UNIT	78462F103
—	QUANTUM COMPUTING INC	400,000 (-53.3%)	$4,104 (-74.0%)	0.7%	—	—	PUT	74766W958
IBIT	ISHARES BITCOIN TRUST ETF	320,713 (-17.2%)	$15,923 (-36.7%)	2.8%	$49.12	—	SHS BEN INT	46438F101
—	STRATEGY INC	21,000 (-30.0%)	$3,191 (-67.0%)	0.6%	—	—	PUT	594972958
ARKB	ARK 21SHARES BITCOIN ETF	48,880 (-74.9%)	$1,419 (-80.9%)	0.3%	$49.65	—	SHS BEN INT	040919102
ASML	ASML HOLDING N V	2,000 (-69.8%)	$2,140 (-66.7%)	0.4%	$719.70	—	N Y REGISTRY SHS	N07059210
CRC	CALIFORNIA RES CORP	164,561 (-22.5%)	$7,358 (-34.8%)	1.3%	$49.44	-4.6%	COM STOCK	13057Q305
—	OKLO INC	6,400 (-78.7%)	$459 (-86.3%)	0.1%	—	—	PUT	02156V959
DORM	DORMAN PRODS INC	2,194 (-84.8%)	$270 (-88.0%)	0.0%	$110.40	+22.3%	COM	258278100
—	SABLE OFFSHORE CORP	24,200 (-78.0%)	$218 (-88.6%)	0.0%	—	—	PUT	78574H954
GOOGL	ALPHABET INC	53,140 (-14.9%)	$16,633 (+9.5%)	2.9%	$132.81	+115.0%	CAP STK CL A	02079K305
MELI	MERCADOLIBRE INC	542 (-47.9%)	$1,092 (-55.1%)	0.2%	$1984.94	+5.8%	COM	58733R102
ETON	ETON PHARMACEUTICALS INC	161,436 (-3.7%)	$2,730 (-25.0%)	0.5%	$4.64	+279.1%	COM	29772L108
BBWI	BATH & BODY WORKS INC	10,378 (-74.4%)	$208 (-80.1%)	0.0%	$28.91	-24.9%	COM	070830104
BWXT	BWX TECHNOLOGIES INC	9,330 (-20.7%)	$1,613 (-25.7%)	0.3%	$62.52	+199.8%	COM	05605H100
TPB	TURNING PT BRANDS INC	86,010 (-3.7%)	$9,323 (+5.5%)	1.6%	$22.94	+326.2%	COM	90041L105
—	KAYNE ANDERSON ENERGY INFRST	62,574 (-31.3%)	$775 (-31.3%)	0.1%	$8.78	—	COM	486606106
FEIM	FREQUENCY ELECTRS INC	5,202 (-71.9%)	$280 (-55.4%)	0.0%	$27.78	+32.4%	COM	358010106
—	TRACTOR SUPPLY CO	25,000 (-9.7%)	$1,250 (-20.6%)	0.2%	—	—	PUT	892356956
MAMA	MAMAS CREATIONS INC	217,965 (-29.5%)	$2,940 (-9.5%)	0.5%	$6.67	+72.3%	COM	56146T103
GROY	GOLD ROYALTY CORP	30,100 (-69.9%)	$122 (-68.5%)	0.0%	$3.09	+23.9%	COMMON SHARES	38071H106
FTHM	FATHOM HOLDINGS INC	161,390 (-19.3%)	$163 (-54.7%)	0.0%	$1.66	-19.0%	COM	31189V109
HDSN	HUDSON TECHNOLOGIES INC	26,720 (-7.5%)	$183 (-36.2%)	0.0%	$9.39	-16.0%	COM	444144109
FTDR	FRONTDOOR INC	3,672 (-21.0%)	$212 (-32.3%)	0.0%	$50.48	+16.5%	COM	35905A109
OTEX	OPEN TEXT CORP	7,031 (-17.9%)	$229 (-28.4%)	0.0%	$26.55	+33.4%	COM	683715106
LOPE	GRAND CANYON ED INC	1,254 (-7.6%)	$209 (-30.0%)	0.0%	$145.25	+24.5%	COM	38526M106
VRRM	VERRA MOBILITY CORP	9,519 (-21.8%)	$213 (-29.0%)	0.0%	$24.77	-7.8%	CL A COM STK	92511U102
EFXT	ENERFLEX LTD	14,395 (-49.6%)	$222 (-27.9%)	0.0%	$9.28	+43.2%	COM	29269R105
ADT	ADT INC DEL	24,177 (-23.7%)	$195 (-29.3%)	0.0%	$8.48	-2.5%	COM	00090Q103
STRA	STRATEGIC ED INC	2,664 (-21.7%)	$214 (-27.0%)	0.0%	$79.44	+0.0%	COM	86272C103
GFF	GRIFFON CORP	2,764 (-25.2%)	$204 (-27.6%)	0.0%	$69.81	+6.3%	COM	398433102
TBLA	TABOOLA.COM LTD	76,710 (-7.2%)	$354 (+25.4%)	0.1%	$3.42	+9.9%	ORD SHS	M8744T106
YELP	YELP INC	6,605 (-24.0%)	$201 (-26.0%)	0.0%	$35.14	-12.2%	CL A	985817105
AWI	ARMSTRONG WORLD INDS INC NEW	1,085 (-23.3%)	$207 (-25.2%)	0.0%	$185.53	+2.8%	COM	04247X102
ELMD	ELECTROMED INC	27,302 (-7.7%)	$795 (+9.5%)	0.1%	$13.01	+101.5%	COM	285409108
VNT	VONTIER CORPORATION	5,508 (-14.4%)	$205 (-24.2%)	0.0%	$36.90	+3.7%	COM	928881101
FELE	FRANKLIN ELEC INC	2,145 (-23.8%)	$205 (-23.5%)	0.0%	$93.96	+1.2%	COM	353514102
BCO	BRINKS CO	2,041 (-17.4%)	$238 (-17.5%)	0.0%	$104.10	+9.6%	COM	109696104
PHIN	PHINIA INC	3,659 (-24.2%)	$229 (-17.4%)	0.0%	$41.60	+32.5%	COMMON STOCK	71880K101
DOX	AMDOCS LTD	2,640 (-16.8%)	$213 (-18.4%)	0.0%	$82.98	-3.7%	SHS	G02602103
CARG	CARGURUS INC	7,095 (-14.7%)	$272 (-12.1%)	0.0%	$30.59	+17.8%	COM CL A	141788109
DAC	DANAOS CORPORATION	2,570 (-13.5%)	$242 (-9.3%)	0.0%	$81.98	+12.4%	SHS	Y1968P121
REX	REX AMERICAN RES CORP	8,393 (-11.6%)	$271 (-6.7%)	0.0%	$28.48	+14.4%	COM	761624105
RNGR	RANGER ENERGY SVCS INC	10,755 (-10.2%)	$150 (-10.6%)	0.0%	$13.16	+3.2%	COM CL A	75282U104
CSTM	CONSTELLIUM SE	15,659 (-16.3%)	$295 (+6.0%)	0.1%	$14.31	+16.0%	CL A SHS	F21107101
NMM	NAVIOS MARITIME PARTNERS L P COM U	5,405 (-9.0%)	$283 (+5.9%)	0.1%	$37.68	—	NIT LPI	Y62267409
ATMU	ATMUS FILTRATION TECHNOLOGIE	5,725 (-10.1%)	$297 (+3.5%)	0.1%	$35.53	+36.0%	COM	04956D107
DCI	DONALDSON INC	3,295 (-10.8%)	$292 (-3.4%)	0.1%	$74.82	+15.5%	COM	257651109
LAUR	LAUREATE EDUCATION INC	9,563 (-8.5%)	$322 (-2.3%)	0.1%	$15.73	+96.2%	COMMON STOCK	518613203

Unchanged Positions (27)

— RIGETTI COMPUTING INC 4.7%

Value ($000) $26,855 Shares 1,212,400 Est. Cost — Unrealized —

— ISHARES BITCOIN TRUST ETF 5.3%

Value ($000) $30,048 Shares 605,200 Est. Cost — Unrealized —

— IONQ INC 3.4%

Value ($000) $19,047 Shares 424,500 Est. Cost — Unrealized —

— CARVANA CO 2.5%

Value ($000) $14,222 Shares 33,700 Est. Cost — Unrealized —

— XP INC 1.4%

Value ($000) $8,185 Shares 500,000 Est. Cost — Unrealized —

— RIGETTI COMPUTING INC 0.3%

Value ($000) $1,750 Shares 79,000 Est. Cost — Unrealized —

— ANAVEX LIFE SCIENCES CORP 0.1%

Value ($000) $392 Shares 110,000 Est. Cost — Unrealized —

NL NL INDS INC 0.4%

Value ($000) $2,281 Shares 417,014 Est. Cost $2.98 Unrealized +89.4%

GEF/B GREIF INC 0.3%

Value ($000) $1,486 Shares 19,895 Est. Cost $60.65 Unrealized +8.4%

BKUTK BANK UTICA N Y 1.3%

Value ($000) $7,178 Shares 13,884 Est. Cost $340.39 Unrealized +48.2%

— NEXTNAV INC 0.2%

Value ($000) $1,399 Shares 84,100 Est. Cost — Unrealized —

— SYMBOTIC INC 0.3%

Value ($000) $1,482 Shares 24,900 Est. Cost — Unrealized —

— ARBOR REALTY TRUST INC 0.0%

Value ($000) $227 Shares 29,200 Est. Cost — Unrealized —

— CTO RLTY GROWTH INC NEW 0.2%

Value ($000) $957 Shares 52,000 Est. Cost — Unrealized —

— HIGHLAND OPPS & INCOME FD 0.1%

Value ($000) $798 Shares 133,496 Est. Cost $8.17 Unrealized —

AWRE AWARE INC MASS 0.0%

Value ($000) $130 Shares 70,259 Est. Cost $3.26 Unrealized -30.7%

— NEXTDECADE CORP 0.0%

Value ($000) $133 Shares 25,300 Est. Cost — Unrealized —

— LIMONEIRA CO 0.0%

Value ($000) $170 Shares 13,500 Est. Cost — Unrealized —

GROY/WS GOLD ROYALTY CORP 0.0%

Value ($000) $225 Shares 113,707 Est. Cost $1.79 Unrealized —

BF/A BROWN FORMAN CORP 0.2%

Value ($000) $921 Shares 35,000 Est. Cost $31.37 Unrealized -11.5%

— YUM BRANDS INC 0.3%

Value ($000) $1,513 Shares 10,000 Est. Cost — Unrealized —

HEI/A HEICO CORP NEW 0.1%

Value ($000) $482 Shares 1,910 Est. Cost $133.05 Unrealized +85.6%

CYCUW CYCURION INC 0.0%

Value ($000) $3 Shares 100,000 Est. Cost $0.05 Unrealized —

ESGLW ESGL HLDGS LTD 0.0%

Value ($000) $4 Shares 42,000 Est. Cost $0.02 Unrealized —

MSAIW MULTISENSOR AI HOLDINGS INC 0.0%

Value ($000) $1 Shares 37,500 Est. Cost $0.05 Unrealized —

SHFSW SHF HOLDINGS INC 0.0%

Value ($000) $1 Shares 25,000 Est. Cost $0.12 Unrealized —

MOBXW MOBIX LABS INC 0.0%

Value ($000) $7 Shares 72,377 Est. Cost $0.07 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	RIGETTI COMPUTING INC	1,212,400	$26,855	4.7%	—	—	PUT	76655K953
—	ISHARES BITCOIN TRUST ETF	605,200	$30,048	5.3%	—	—	PUT	46438F951
—	IONQ INC	424,500	$19,047	3.4%	—	—	PUT	46222L958
—	CARVANA CO	33,700	$14,222	2.5%	—	—	PUT	146869952
—	XP INC	500,000	$8,185	1.4%	—	—	PUT	G98239959
—	RIGETTI COMPUTING INC	79,000	$1,750	0.3%	—	—	CALL	76655K903
—	ANAVEX LIFE SCIENCES CORP	110,000	$392	0.1%	—	—	PUT	032797950
NL	NL INDS INC	417,014	$2,281	0.4%	$2.98	+89.4%	COM NEW	629156407
GEF/B	GREIF INC	19,895	$1,486	0.3%	$60.65	+8.4%	CL B	397624206
BKUTK	BANK UTICA N Y	13,884	$7,178	1.3%	$340.39	+48.2%	COM	065437204
—	NEXTNAV INC	84,100	$1,399	0.2%	—	—	PUT	65345N956
—	SYMBOTIC INC	24,900	$1,482	0.3%	—	—	PUT	87151X951
—	ARBOR REALTY TRUST INC	29,200	$227	0.0%	—	—	PUT	038923958
—	CTO RLTY GROWTH INC NEW	52,000	$957	0.2%	—	—	PUT	22948Q951
—	HIGHLAND OPPS & INCOME FD	133,496	$798	0.1%	$8.17	—	HIGHLAND INCOME	43010E404
AWRE	AWARE INC MASS	70,259	$130	0.0%	$3.26	-30.7%	COM	05453N100
—	NEXTDECADE CORP	25,300	$133	0.0%	—	—	CALL	65342K905
—	LIMONEIRA CO	13,500	$170	0.0%	—	—	CALL	532746904
GROY/WS	GOLD ROYALTY CORP	113,707	$225	0.0%	$1.79	—	*W EXP 05/31/202	38071H122
BF/A	BROWN FORMAN CORP	35,000	$921	0.2%	$31.37	-11.5%	CL A	115637100
—	YUM BRANDS INC	10,000	$1,513	0.3%	—	—	CALL	988498901
HEI/A	HEICO CORP NEW	1,910	$482	0.1%	$133.05	+85.6%	CL A	422806208
CYCUW	CYCURION INC	100,000	$3	0.0%	$0.05	—	*W EXP 02/13/203	95758L115
ESGLW	ESGL HLDGS LTD	42,000	$4	0.0%	$0.02	—	*W EXP 10/19/202	G3R95P116
MSAIW	MULTISENSOR AI HOLDINGS INC	37,500	$1	0.0%	$0.05	—	*W EXP 12/19/202	456948116
SHFSW	SHF HOLDINGS INC	25,000	$1	0.0%	$0.12	—	*W EXP 09/28/202	824430110
MOBXW	MOBIX LABS INC	72,377	$7	0.0%	$0.07	—	*W EXP 12/21/202	60743G118