Aristides Capital LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	STATE STR SPDR S&P 500 ETF T	113,100	$73,553	15.9%	—	—	PUT	78462F953
—	CVR PARTNERS LP/CVR NITROGEN	100,000	$12,667	2.7%	—	—	CALL	126633905
—	AXT INC	164,800	$9,390	2.0%	—	—	CALL	00246W903
PAAS	PAN AMERN SILVER CORP	142,106	$7,761	1.7%	$58.40	0.0%	COM	697900108
—	AVIS BUDGET GROUP INC	40,000	$5,834	1.3%	—	—	PUT	053774955
—	META PLATFORMS INC	10,000	$5,721	1.2%	—	—	CALL	30303M902
TOST	TOAST INC	145,000	$3,844	0.8%	$31.01	0.0%	CL A	888787108
COHR	COHERENT CORP	9,264	$2,207	0.5%	$213.35	0.0%	COM	19247G107
AMZN	AMAZON COM INC	9,968	$2,076	0.4%	$226.83	0.0%	COM	023135106
VST	VISTRA CORP	11,243	$1,690	0.4%	$163.18	0.0%	COM	92840M102
INFQ	INFLEQTION INC	120,783	$1,185	0.3%	$9.81	—	COM SHS	45676K103
RIVN	RIVIAN AUTOMOTIVE INC	76,680	$1,154	0.2%	$16.32	0.0%	COM CL A	76954A103
RYN	RAYONIER INC	49,882	$1,029	0.2%	$20.62	—	COM	754907103
FIVE	FIVE BELOW INC	4,461	$1,019	0.2%	$201.61	0.0%	COM	33829M101
ANF	ABERCROMBIE & FITCH CO	11,000	$1,005	0.2%	$102.30	0.0%	CL A	002896207
EVI	EVI INDS INC	41,872	$862	0.2%	$23.89	0.0%	COM	26929N102
BCHT	BIRCHTECH CORP	425,000	$808	0.2%	$3.58	0.0%	COM SHS	59833H200
APPF	APPFOLIO INC	5,000	$789	0.2%	$200.24	0.0%	COM CL A	03783C100
FEAM	5E ADVANCED MATERIALS INC	546,278	$765	0.2%	$2.78	0.0%	COM NEW	33830Q208
META	META PLATFORMS INC	1,100	$629	0.1%	$655.57	0.0%	CL A	30303M102
ESOA	ENERGY SERVICES OF AMER CORP	44,119	$579	0.1%	$10.50	0.0%	COM	29271Q103
DXR	DAXOR CORP	41,692	$403	0.1%	$12.95	0.0%	COM	239467103
BFAM	BRIGHT HORIZONS FAM SOL IN D	3,635	$299	0.1%	$88.60	0.0%	COM	109194100
SCSC	SCANSOURCE INC	6,903	$251	0.1%	$39.44	0.0%	COM	806037107
MTCH	MATCH GROUP INC NEW	7,961	$244	0.1%	$31.40	0.0%	COM	57667L107
BCPC	BALCHEM CORP	1,441	$244	0.1%	$169.16	0.0%	COM	057665200
ENS	ENERSYS	1,344	$233	0.1%	$171.38	0.0%	COM	29275Y102
CENTA	CENTRAL GARDEN & PET CO	7,189	$233	0.1%	$31.51	0.0%	CL A NON-VTG	153527205
—	NXG NEXTGEN INFRASTR INCM FD	4,204	$231	0.0%	$54.93	—	COM	231647207
AN	AUTONATION INC	1,173	$229	0.0%	$209.36	0.0%	COM	05329W102
CNXN	PC CONNECTION INC	3,763	$220	0.0%	$59.98	0.0%	COM	69318J100
VMI	VALMONT INDS INC	541	$216	0.0%	$448.65	0.0%	COM	920253101
CGNX	COGNEX CORP	4,230	$207	0.0%	$44.48	0.0%	COM	192422103
BRC	BRADY CORP	2,525	$205	0.0%	$87.64	0.0%	CL A	104674106
TMHC	TAYLOR MORRISON HOME CORP	3,474	$202	0.0%	$63.93	0.0%	COM	87724P106
POWW	OUTDOOR HOLDING CO	35,320	$71	0.0%	$1.83	0.0%	COM	00175J107

Increased Positions (89)

CRI CARTERS INC 1.3%

Value ($000) $5,863 (+146.2%) Shares 163,949 (+123.3%) Est. Cost $36.45 Unrealized +2.6%

RCKY ROCKY BRANDS INC 0.9%

Value ($000) $4,365 (+381.3%) Shares 112,744 (+264.6%) Est. Cost $31.31 Unrealized +5.7%

BKNG BOOKING HOLDINGS INC 1.4%

Value ($000) $6,244 (+81.0%) Shares 37,075 (+5657.0%) Est. Cost $4756.47 Unrealized +0.5%

SSD SIMPSON MFG INC 0.8%

Value ($000) $3,485 (+194.0%) Shares 20,305 (+176.6%) Est. Cost $182.70 Unrealized +2.7%

ETON ETON PHARMACEUTICALS INC 1.0%

Value ($000) $4,591 (+68.2%) Shares 186,041 (+15.2%) Est. Cost $6.14 Unrealized +160.3%

MPTI M-TRON INDS INC 1.0%

Value ($000) $4,390 (+52.6%) Shares 65,673 (+21.5%) Est. Cost $53.75 Unrealized +17.0%

IJR ISHARES TR 1.9%

Value ($000) $9,004 (+19.4%) Shares 72,428 (+15.5%) Est. Cost $116.62 Unrealized —

BKTI BK TECHNOLOGIES CORPORATION 0.4%

Value ($000) $1,786 (+433.6%) Shares 23,932 (+433.4%) Est. Cost $79.36 Unrealized +2.2%

ACIW ACI WORLDWIDE INC 0.8%

Value ($000) $3,548 (+65.3%) Shares 86,514 (+92.7%) Est. Cost $44.12 Unrealized -2.8%

EVTC EVERTEC INC 1.1%

Value ($000) $5,253 (+34.6%) Shares 186,160 (+38.7%) Est. Cost $32.75 Unrealized -13.5%

JOUT JOHNSON OUTDOORS INC 1.3%

Value ($000) $6,038 (+25.9%) Shares 129,832 (+14.9%) Est. Cost $40.39 Unrealized +16.0%

MSFT MICROSOFT CORP 1.6%

Value ($000) $7,528 (-12.4%) Shares 20,337 (+14.4%) Est. Cost $316.02 Unrealized +37.5%

ACN ACCENTURE PLC IRELAND 1.3%

Value ($000) $6,006 (-14.8%) Shares 30,288 (+15.3%) Est. Cost $304.57 Unrealized -16.9%

LYTS LSI INDS INC OHIO 0.4%

Value ($000) $1,920 (+99.6%) Shares 103,244 (+96.6%) Est. Cost $17.04 Unrealized +24.7%

— OKLO INC 0.3%

Value ($000) $1,354 (+194.8%) Shares 27,300 (+326.6%) Est. Cost — Unrealized —

DAL DELTA AIR LINES INC 2.1%

Value ($000) $9,534 (+9.6%) Shares 143,418 (+14.4%) Est. Cost $46.84 Unrealized +49.1%

TTC TORO CO 0.4%

Value ($000) $1,866 (+78.1%) Shares 19,973 (+50.0%) Est. Cost $79.87 Unrealized +16.5%

HCKT HACKETT GROUP INC 0.6%

Value ($000) $2,567 (-24.1%) Shares 197,285 (+14.5%) Est. Cost $21.49 Unrealized -18.8%

SSNC SS&C TECH HLDGS 0.6%

Value ($000) $2,692 (+41.4%) Shares 39,839 (+82.9%) Est. Cost $68.35 Unrealized +17.1%

NPK NATIONAL PRESTO INDS INC 0.2%

Value ($000) $1,100 (+240.4%) Shares 8,029 (+165.2%) Est. Cost $116.33 Unrealized +6.0%

EQT EQT CORP 0.6%

Value ($000) $2,726 (+37.1%) Shares 42,841 (+15.5%) Est. Cost $45.19 Unrealized +22.3%

NVR NVR INC 0.5%

Value ($000) $2,208 (+46.9%) Shares 335 (+62.6%) Est. Cost $7061.55 Unrealized +7.9%

BBCP CONCRETE PUMPING HLDGS INC 0.3%

Value ($000) $1,346 (+101.8%) Shares 188,473 (+89.6%) Est. Cost $6.71 Unrealized -3.1%

YUM YUM BRANDS INC 0.5%

Value ($000) $2,381 (+39.4%) Shares 15,317 (+35.7%) Est. Cost $145.97 Unrealized +7.8%

CCJ CAMECO CORP 0.6%

Value ($000) $2,865 (+30.4%) Shares 26,379 (+9.8%) Est. Cost $47.33 Unrealized +145.7%

LIND LINDBLAD EXPEDITIONS HLDGS I 0.2%

Value ($000) $1,025 (+171.4%) Shares 59,228 (+126.2%) Est. Cost $15.70 Unrealized +12.9%

NATR NATURES SUNSHINE PRODS INC 0.3%

Value ($000) $1,468 (+66.3%) Shares 61,192 (+49.6%) Est. Cost $18.04 Unrealized +37.2%

QQQ INVESCO QQQ TR 2.3%

Value ($000) $10,599 (+5.5%) Shares 18,363 (+12.3%) Est. Cost $516.93 Unrealized —

TLYS TILLYS INC 0.2%

Value ($000) $818 (+156.2%) Shares 201,873 (+25.9%) Est. Cost $3.27 Unrealized -52.1%

BWXT BWX TECHNOLOGIES INC 0.4%

Value ($000) $2,050 (+27.1%) Shares 10,026 (+7.5%) Est. Cost $72.28 Unrealized +180.9%

XLU SELECT SECTOR SPDR TR 0.5%

Value ($000) $2,217 (+23.1%) Shares 48,308 (+14.5%) Est. Cost $52.46 Unrealized —

SII SPROTT INC 0.2%

Value ($000) $1,002 (+63.2%) Shares 7,014 (+11.8%) Est. Cost $47.07 Unrealized +163.7%

TPB TURNING PT BRANDS INC 1.9%

Value ($000) $8,954 (-4.0%) Shares 103,164 (+19.9%) Est. Cost $39.53 Unrealized +210.4%

KOPN KOPIN CORP 0.1%

Value ($000) $494 (+290.6%) Shares 219,538 (+306.2%) Est. Cost $2.66 Unrealized -2.7%

AVNW AVIAT NETWORKS INC 0.6%

Value ($000) $2,593 (+15.9%) Shares 114,691 (+9.6%) Est. Cost $29.26 Unrealized -20.9%

— KAYNE ANDERSON ENERGY INFRST 0.2%

Value ($000) $1,114 (+43.8%) Shares 78,004 (+24.7%) Est. Cost $9.87 Unrealized —

HD HOME DEPOT INC 0.8%

Value ($000) $3,526 (+10.4%) Shares 10,720 (+15.5%) Est. Cost $354.68 Unrealized +6.3%

HSAI HESAI GROUP 0.7%

Value ($000) $3,106 (+9.2%) Shares 162,466 (+27.9%) Est. Cost $24.43 Unrealized —

ETHE GRAYSCALE ETHEREUM STAKING E 0.2%

Value ($000) $867 (-20.9%) Shares 50,800 (+12.9%) Est. Cost $23.53 Unrealized —

ARKB ARK 21SHARES BITCOIN ETF 0.4%

Value ($000) $1,639 (+15.4%) Shares 72,857 (+49.1%) Est. Cost $40.71 Unrealized —

ACOG ALPHA COGNITION INC 0.3%

Value ($000) $1,200 (-14.3%) Shares 218,510 (+1.4%) Est. Cost $5.77 Unrealized -1.9%

IRMD IRADIMED CORP 0.6%

Value ($000) $2,896 (+7.3%) Shares 30,083 (+8.5%) Est. Cost $52.63 Unrealized +89.6%

AB ALLIANCEBERNSTEIN HLDG L P 0.4%

Value ($000) $1,827 (+11.1%) Shares 48,806 (+14.2%) Est. Cost $35.43 Unrealized —

BSM BLACK STONE MINERALS L P 0.1%

Value ($000) $640 (+35.6%) Shares 42,330 (+19.2%) Est. Cost $11.57 Unrealized —

BF/A BROWN FORMAN CORP 0.2%

Value ($000) $1,088 (+18.1%) Shares 40,610 (+16.0%) Est. Cost $30.94 Unrealized -8.6%

ABNB AIRBNB INC 0.6%

Value ($000) $2,585 (+6.0%) Shares 20,471 (+13.9%) Est. Cost $130.27 Unrealized -0.7%

LAD LITHIA MTRS INC 0.2%

Value ($000) $771 (-14.3%) Shares 3,086 (+14.0%) Est. Cost $329.77 Unrealized -2.4%

HAFN HAFNIA LTD 0.1%

Value ($000) $288 (+61.0%) Shares 37,882 (+12.9%) Est. Cost $5.99 Unrealized +3.7%

V VISA INC 0.6%

Value ($000) $2,777 (-3.2%) Shares 9,188 (+12.3%) Est. Cost $213.60 Unrealized +54.1%

NVRI ENVIRI CORP 0.1%

Value ($000) $449 (+25.3%) Shares 22,887 (+14.4%) Est. Cost $15.38 Unrealized +21.7%

SPH SUBURBAN PROPANE PARTNERS L 0.1%

Value ($000) $478 (+21.7%) Shares 24,262 (+14.6%) Est. Cost $15.72 Unrealized —

CVSA COVISTA INC 0.1%

Value ($000) $291 (+36.6%) Shares 2,528 (+22.6%) Est. Cost $113.22 Unrealized -5.1%

MA MASTERCARD INCORPORATED 0.2%

Value ($000) $903 (+8.4%) Shares 1,808 (+23.8%) Est. Cost $364.00 Unrealized +48.1%

GGG GRACO INC 0.1%

Value ($000) $453 (+17.1%) Shares 5,351 (+13.4%) Est. Cost $82.85 Unrealized +7.6%

BWEN BROADWIND INC 0.1%

Value ($000) $301 (-16.9%) Shares 144,930 (+13.1%) Est. Cost $2.67 Unrealized +12.8%

FWONA LIBERTY MEDIA CORP DEL 0.1%

Value ($000) $671 (+9.8%) Shares 8,595 (+25.7%) Est. Cost $64.25 Unrealized —

RNW RENEW ENERGY GLOBAL PLC 0.2%

Value ($000) $722 (-7.5%) Shares 157,548 (+14.1%) Est. Cost $5.56 Unrealized -2.1%

CRNT CERAGON NETWORKS LTD 0.1%

Value ($000) $352 (+18.8%) Shares 162,963 (+15.5%) Est. Cost $3.18 Unrealized -28.3%

KMDA KAMADA LTD 0.1%

Value ($000) $288 (+23.4%) Shares 34,491 (+4.5%) Est. Cost $5.30 Unrealized +56.3%

EXP EAGLE MATLS INC 0.3%

Value ($000) $1,253 (+4.2%) Shares 6,614 (+13.6%) Est. Cost $222.08 Unrealized +1.4%

LOPE GRAND CANYON ED INC 0.1%

Value ($000) $258 (+23.9%) Shares 1,520 (+21.2%) Est. Cost $149.45 Unrealized +13.3%

ITIC INVESTORS TITLE CO NC 0.9%

Value ($000) $4,119 (-1.1%) Shares 18,953 (+13.6%) Est. Cost $197.19 Unrealized +28.2%

IDT IDT CORP 0.1%

Value ($000) $248 (+21.3%) Shares 5,047 (+26.6%) Est. Cost $49.98 Unrealized -1.0%

AWRE AWARE INC MASS 0.0%

Value ($000) $90 (-30.8%) Shares 71,964 (+2.4%) Est. Cost $3.23 Unrealized -43.0%

DDI DOUBLEDOWN INTERACTIVE CO LT 0.1%

Value ($000) $334 (+13.1%) Shares 39,491 (+15.5%) Est. Cost $11.33 Unrealized —

BYD BOYD GAMING CORP 0.1%

Value ($000) $240 (+17.5%) Shares 2,925 (+21.9%) Est. Cost $82.79 Unrealized +2.9%

ERII ENERGY RECOVERY INC 0.0%

Value ($000) $147 (-19.5%) Shares 14,576 (+7.8%) Est. Cost $15.14 Unrealized -2.1%

RELL RICHARDSON ELECTRS LTD 0.1%

Value ($000) $262 (+14.8%) Shares 23,885 (+14.1%) Est. Cost $12.82 Unrealized -7.9%

PAYX PAYCHEX INC 0.1%

Value ($000) $492 (-6.3%) Shares 5,340 (+14.1%) Est. Cost $78.32 Unrealized +30.2%

FSBW FS BANCORP INC 0.3%

Value ($000) $1,329 (-2.3%) Shares 34,437 (+4.2%) Est. Cost $32.41 Unrealized +27.9%

VRRM VERRA MOBILITY CORP 0.0%

Value ($000) $187 (-12.2%) Shares 13,105 (+37.7%) Est. Cost $23.51 Unrealized -14.2%

GNSS GENASYS INC 0.0%

Value ($000) $223 (-7.7%) Shares 122,655 (+8.8%) Est. Cost $2.91 Unrealized -29.4%

EPAC ENERPAC TOOL GROUP CORP 0.0%

Value ($000) $219 (+7.7%) Shares 6,012 (+12.9%) Est. Cost $39.77 Unrealized +3.5%

ELMD ELECTROMED INC 0.2%

Value ($000) $780 (-1.9%) Shares 33,332 (+22.1%) Est. Cost $15.60 Unrealized +75.2%

FTDR FRONTDOOR INC 0.0%

Value ($000) $225 (+6.2%) Shares 4,256 (+15.9%) Est. Cost $51.54 Unrealized +13.0%

DORM DORMAN PRODS INC 0.1%

Value ($000) $260 (-3.9%) Shares 2,490 (+13.5%) Est. Cost $112.31 Unrealized +12.6%

— HIGHLAND OPPS & INCOME FD 0.2%

Value ($000) $789 (-1.2%) Shares 138,096 (+3.4%) Est. Cost $8.09 Unrealized —

OTEX OPEN TEXT CORP 0.0%

Value ($000) $219 (-4.2%) Shares 9,867 (+40.3%) Est. Cost $26.82 Unrealized +2.5%

ADT ADT INC DEL 0.0%

Value ($000) $204 (+4.4%) Shares 31,006 (+28.2%) Est. Cost $8.38 Unrealized -4.3%

CATO CATO CORP NEW 0.0%

Value ($000) $128 (+5.6%) Shares 45,129 (+15.3%) Est. Cost $9.41 Unrealized -66.4%

BLKB BLACKBAUD INC 0.4%

Value ($000) $1,860 (-0.3%) Shares 48,186 (+63.5%) Est. Cost $60.73 Unrealized -12.2%

DOX AMDOCS LTD 0.0%

Value ($000) $218 (+2.8%) Shares 3,348 (+26.8%) Est. Cost $81.72 Unrealized -5.7%

HLIT HARMONIC INC 0.0%

Value ($000) $197 (-2.6%) Shares 21,943 (+7.2%) Est. Cost $10.08 Unrealized +0.8%

VNT VONTIER CORPORATION 0.0%

Value ($000) $201 (-1.9%) Shares 5,666 (+2.9%) Est. Cost $36.97 Unrealized +6.2%

CVCO CAVCO INDS INC DEL 0.1%

Value ($000) $537 (+0.7%) Shares 1,108 (+22.8%) Est. Cost $448.46 Unrealized +34.7%

TNC TENNANT CO 0.0%

Value ($000) $204 (+1.7%) Shares 3,079 (+12.9%) Est. Cost $76.41 Unrealized +1.9%

FELE FRANKLIN ELEC INC 0.0%

Value ($000) $202 (-1.5%) Shares 2,189 (+2.1%) Est. Cost $94.09 Unrealized +6.7%

CRAI CRA INTL INC 0.0%

Value ($000) $211 (-1.2%) Shares 1,306 (+22.5%) Est. Cost $188.30 Unrealized +0.5%

CARG CARGURUS INC 0.1%

Value ($000) $270 (-0.9%) Shares 7,920 (+11.6%) Est. Cost $30.78 Unrealized +5.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRI	CARTERS INC	163,949 (+123.3%)	$5,863 (+146.2%)	1.3%	$36.45	+2.6%	COM	146229109
RCKY	ROCKY BRANDS INC	112,744 (+264.6%)	$4,365 (+381.3%)	0.9%	$31.31	+5.7%	COM	774515100
BKNG	BOOKING HOLDINGS INC	37,075 (+5657.0%)	$6,244 (+81.0%)	1.4%	$4756.47	+0.5%	COM	09857L108
SSD	SIMPSON MFG INC	20,305 (+176.6%)	$3,485 (+194.0%)	0.8%	$182.70	+2.7%	COM	829073105
ETON	ETON PHARMACEUTICALS INC	186,041 (+15.2%)	$4,591 (+68.2%)	1.0%	$6.14	+160.3%	COM	29772L108
MPTI	M-TRON INDS INC	65,673 (+21.5%)	$4,390 (+52.6%)	1.0%	$53.75	+17.0%	COM	55380K109
IJR	ISHARES TR	72,428 (+15.5%)	$9,004 (+19.4%)	1.9%	$116.62	—	CORE S&P SCP ETF	464287804
BKTI	BK TECHNOLOGIES CORPORATION	23,932 (+433.4%)	$1,786 (+433.6%)	0.4%	$79.36	+2.2%	COM NEW	05587G203
ACIW	ACI WORLDWIDE INC	86,514 (+92.7%)	$3,548 (+65.3%)	0.8%	$44.12	-2.8%	COM	004498101
EVTC	EVERTEC INC	186,160 (+38.7%)	$5,253 (+34.6%)	1.1%	$32.75	-13.5%	COM	30040P103
JOUT	JOHNSON OUTDOORS INC	129,832 (+14.9%)	$6,038 (+25.9%)	1.3%	$40.39	+16.0%	CL A	479167108
MSFT	MICROSOFT CORP	20,337 (+14.4%)	$7,528 (-12.4%)	1.6%	$316.02	+37.5%	COM	594918104
ACN	ACCENTURE PLC IRELAND	30,288 (+15.3%)	$6,006 (-14.8%)	1.3%	$304.57	-16.9%	SHS CLASS A	G1151C101
LYTS	LSI INDS INC OHIO	103,244 (+96.6%)	$1,920 (+99.6%)	0.4%	$17.04	+24.7%	COM	50216C108
—	OKLO INC	27,300 (+326.6%)	$1,354 (+194.8%)	0.3%	—	—	PUT	02156V959
DAL	DELTA AIR LINES INC	143,418 (+14.4%)	$9,534 (+9.6%)	2.1%	$46.84	+49.1%	COM NEW	247361702
TTC	TORO CO	19,973 (+50.0%)	$1,866 (+78.1%)	0.4%	$79.87	+16.5%	COM	891092108
HCKT	HACKETT GROUP INC	197,285 (+14.5%)	$2,567 (-24.1%)	0.6%	$21.49	-18.8%	COM	404609109
SSNC	SS&C TECH HLDGS	39,839 (+82.9%)	$2,692 (+41.4%)	0.6%	$68.35	+17.1%	COM	78467J100
NPK	NATIONAL PRESTO INDS INC	8,029 (+165.2%)	$1,100 (+240.4%)	0.2%	$116.33	+6.0%	COM	637215104
EQT	EQT CORP	42,841 (+15.5%)	$2,726 (+37.1%)	0.6%	$45.19	+22.3%	COM	26884L109
NVR	NVR INC	335 (+62.6%)	$2,208 (+46.9%)	0.5%	$7061.55	+7.9%	COM	62944T105
BBCP	CONCRETE PUMPING HLDGS INC	188,473 (+89.6%)	$1,346 (+101.8%)	0.3%	$6.71	-3.1%	COM	206704108
YUM	YUM BRANDS INC	15,317 (+35.7%)	$2,381 (+39.4%)	0.5%	$145.97	+7.8%	COM	988498101
CCJ	CAMECO CORP	26,379 (+9.8%)	$2,865 (+30.4%)	0.6%	$47.33	+145.7%	COM	13321L108
LIND	LINDBLAD EXPEDITIONS HLDGS I	59,228 (+126.2%)	$1,025 (+171.4%)	0.2%	$15.70	+12.9%	COM	535219109
NATR	NATURES SUNSHINE PRODS INC	61,192 (+49.6%)	$1,468 (+66.3%)	0.3%	$18.04	+37.2%	COM	639027101
QQQ	INVESCO QQQ TR	18,363 (+12.3%)	$10,599 (+5.5%)	2.3%	$516.93	—	UNIT SER 1	46090E103
TLYS	TILLYS INC	201,873 (+25.9%)	$818 (+156.2%)	0.2%	$3.27	-52.1%	CL A	886885102
BWXT	BWX TECHNOLOGIES INC	10,026 (+7.5%)	$2,050 (+27.1%)	0.4%	$72.28	+180.9%	COM	05605H100
XLU	SELECT SECTOR SPDR TR	48,308 (+14.5%)	$2,217 (+23.1%)	0.5%	$52.46	—	STATE STREET UTI	81369Y886
SII	SPROTT INC	7,014 (+11.8%)	$1,002 (+63.2%)	0.2%	$47.07	+163.7%	COM NEW	852066208
TPB	TURNING PT BRANDS INC	103,164 (+19.9%)	$8,954 (-4.0%)	1.9%	$39.53	+210.4%	COM	90041L105
KOPN	KOPIN CORP	219,538 (+306.2%)	$494 (+290.6%)	0.1%	$2.66	-2.7%	COM	500600101
AVNW	AVIAT NETWORKS INC	114,691 (+9.6%)	$2,593 (+15.9%)	0.6%	$29.26	-20.9%	COM NEW	05366Y201
—	KAYNE ANDERSON ENERGY INFRST	78,004 (+24.7%)	$1,114 (+43.8%)	0.2%	$9.87	—	COM	486606106
HD	HOME DEPOT INC	10,720 (+15.5%)	$3,526 (+10.4%)	0.8%	$354.68	+6.3%	COM	437076102
HSAI	HESAI GROUP	162,466 (+27.9%)	$3,106 (+9.2%)	0.7%	$24.43	—	SPONSORED ADS	428050108
ETHE	GRAYSCALE ETHEREUM STAKING E	50,800 (+12.9%)	$867 (-20.9%)	0.2%	$23.53	—	SHS	389638107
ARKB	ARK 21SHARES BITCOIN ETF	72,857 (+49.1%)	$1,639 (+15.4%)	0.4%	$40.71	—	SHS BEN INT	040919102
ACOG	ALPHA COGNITION INC	218,510 (+1.4%)	$1,200 (-14.3%)	0.3%	$5.77	-1.9%	COM NEW	02074J501
IRMD	IRADIMED CORP	30,083 (+8.5%)	$2,896 (+7.3%)	0.6%	$52.63	+89.6%	COM	46266A109
AB	ALLIANCEBERNSTEIN HLDG L P	48,806 (+14.2%)	$1,827 (+11.1%)	0.4%	$35.43	—	UNIT LTD PARTN	01881G106
BSM	BLACK STONE MINERALS L P	42,330 (+19.2%)	$640 (+35.6%)	0.1%	$11.57	—	COM UNIT	09225M101
BF/A	BROWN FORMAN CORP	40,610 (+16.0%)	$1,088 (+18.1%)	0.2%	$30.94	-8.6%	CL A	115637100
ABNB	AIRBNB INC	20,471 (+13.9%)	$2,585 (+6.0%)	0.6%	$130.27	-0.7%	COM CL A	009066101
LAD	LITHIA MTRS INC	3,086 (+14.0%)	$771 (-14.3%)	0.2%	$329.77	-2.4%	COM	536797103
HAFN	HAFNIA LTD	37,882 (+12.9%)	$288 (+61.0%)	0.1%	$5.99	+3.7%	SHS	Y2990R101
V	VISA INC	9,188 (+12.3%)	$2,777 (-3.2%)	0.6%	$213.60	+54.1%	COM CL A	92826C839
NVRI	ENVIRI CORP	22,887 (+14.4%)	$449 (+25.3%)	0.1%	$15.38	+21.7%	COM	415864107
SPH	SUBURBAN PROPANE PARTNERS L	24,262 (+14.6%)	$478 (+21.7%)	0.1%	$15.72	—	UNIT LTD PARTN	864482104
CVSA	COVISTA INC	2,528 (+22.6%)	$291 (+36.6%)	0.1%	$113.22	-5.1%	COM	00737L103
MA	MASTERCARD INCORPORATED	1,808 (+23.8%)	$903 (+8.4%)	0.2%	$364.00	+48.1%	CL A	57636Q104
GGG	GRACO INC	5,351 (+13.4%)	$453 (+17.1%)	0.1%	$82.85	+7.6%	COM	384109104
BWEN	BROADWIND INC	144,930 (+13.1%)	$301 (-16.9%)	0.1%	$2.67	+12.8%	COM NEW	11161T207
FWONA	LIBERTY MEDIA CORP DEL	8,595 (+25.7%)	$671 (+9.8%)	0.1%	$64.25	—	COM LBTY ONE S A	531229771
RNW	RENEW ENERGY GLOBAL PLC	157,548 (+14.1%)	$722 (-7.5%)	0.2%	$5.56	-2.1%	CL A SHS	G7500M104
CRNT	CERAGON NETWORKS LTD	162,963 (+15.5%)	$352 (+18.8%)	0.1%	$3.18	-28.3%	ORD	M22013102
KMDA	KAMADA LTD	34,491 (+4.5%)	$288 (+23.4%)	0.1%	$5.30	+56.3%	SHS	M6240T109
EXP	EAGLE MATLS INC	6,614 (+13.6%)	$1,253 (+4.2%)	0.3%	$222.08	+1.4%	COM	26969P108
LOPE	GRAND CANYON ED INC	1,520 (+21.2%)	$258 (+23.9%)	0.1%	$149.45	+13.3%	COM	38526M106
ITIC	INVESTORS TITLE CO NC	18,953 (+13.6%)	$4,119 (-1.1%)	0.9%	$197.19	+28.2%	COM	461804106
IDT	IDT CORP	5,047 (+26.6%)	$248 (+21.3%)	0.1%	$49.98	-1.0%	CL B NEW	448947507
AWRE	AWARE INC MASS	71,964 (+2.4%)	$90 (-30.8%)	0.0%	$3.23	-43.0%	COM	05453N100
DDI	DOUBLEDOWN INTERACTIVE CO LT	39,491 (+15.5%)	$334 (+13.1%)	0.1%	$11.33	—	ADS	25862B109
BYD	BOYD GAMING CORP	2,925 (+21.9%)	$240 (+17.5%)	0.1%	$82.79	+2.9%	COM	103304101
ERII	ENERGY RECOVERY INC	14,576 (+7.8%)	$147 (-19.5%)	0.0%	$15.14	-2.1%	COM	29270J100
RELL	RICHARDSON ELECTRS LTD	23,885 (+14.1%)	$262 (+14.8%)	0.1%	$12.82	-7.9%	COM	763165107
PAYX	PAYCHEX INC	5,340 (+14.1%)	$492 (-6.3%)	0.1%	$78.32	+30.2%	COM	704326107
FSBW	FS BANCORP INC	34,437 (+4.2%)	$1,329 (-2.3%)	0.3%	$32.41	+27.9%	COM	30263Y104
VRRM	VERRA MOBILITY CORP	13,105 (+37.7%)	$187 (-12.2%)	0.0%	$23.51	-14.2%	CL A COM STK	92511U102
GNSS	GENASYS INC	122,655 (+8.8%)	$223 (-7.7%)	0.0%	$2.91	-29.4%	COM	36872P103
EPAC	ENERPAC TOOL GROUP CORP	6,012 (+12.9%)	$219 (+7.7%)	0.0%	$39.77	+3.5%	CL A COM	292765104
ELMD	ELECTROMED INC	33,332 (+22.1%)	$780 (-1.9%)	0.2%	$15.60	+75.2%	COM	285409108
FTDR	FRONTDOOR INC	4,256 (+15.9%)	$225 (+6.2%)	0.0%	$51.54	+13.0%	COM	35905A109
DORM	DORMAN PRODS INC	2,490 (+13.5%)	$260 (-3.9%)	0.1%	$112.31	+12.6%	COM	258278100
—	HIGHLAND OPPS & INCOME FD	138,096 (+3.4%)	$789 (-1.2%)	0.2%	$8.09	—	HIGHLAND INCOME	43010E404
OTEX	OPEN TEXT CORP	9,867 (+40.3%)	$219 (-4.2%)	0.0%	$26.82	+2.5%	COM	683715106
ADT	ADT INC DEL	31,006 (+28.2%)	$204 (+4.4%)	0.0%	$8.38	-4.3%	COM	00090Q103
CATO	CATO CORP NEW	45,129 (+15.3%)	$128 (+5.6%)	0.0%	$9.41	-66.4%	CL A	149205106
BLKB	BLACKBAUD INC	48,186 (+63.5%)	$1,860 (-0.3%)	0.4%	$60.73	-12.2%	COM	09227Q100
DOX	AMDOCS LTD	3,348 (+26.8%)	$218 (+2.8%)	0.0%	$81.72	-5.7%	SHS	G02602103
HLIT	HARMONIC INC	21,943 (+7.2%)	$197 (-2.6%)	0.0%	$10.08	+0.8%	COM	413160102
VNT	VONTIER CORPORATION	5,666 (+2.9%)	$201 (-1.9%)	0.0%	$36.97	+6.2%	COM	928881101
CVCO	CAVCO INDS INC DEL	1,108 (+22.8%)	$537 (+0.7%)	0.1%	$448.46	+34.7%	COM	149568107
TNC	TENNANT CO	3,079 (+12.9%)	$204 (+1.7%)	0.0%	$76.41	+1.9%	COM	880345103
FELE	FRANKLIN ELEC INC	2,189 (+2.1%)	$202 (-1.5%)	0.0%	$94.09	+6.7%	COM	353514102
CRAI	CRA INTL INC	1,306 (+22.5%)	$211 (-1.2%)	0.0%	$188.30	+0.5%	COM	12618T105
CARG	CARGURUS INC	7,920 (+11.6%)	$270 (-0.9%)	0.1%	$30.78	+5.2%	COM CL A	141788109

Exited Positions (138)

— ISHARES BITCOIN TRUST ETF 9.1%

Value ($000) $42,103 Shares 848,000 Est. Cost — Unrealized —

— RIGETTI COMPUTING INC 5.8%

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

— CARVANA CO 3.1%

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

— ROBINHOOD MKTS INC 2.9%

Value ($000) $13,572 Shares 120,000 Est. Cost — Unrealized —

— ISHARES SILVER TR 2.6%

Value ($000) $11,918 Shares 185,000 Est. Cost — Unrealized —

— XP INC 1.8%

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

— TAIWAN SEMICONDUCTOR MFG LTD SPONSOR 1.0%

Value ($000) $4,801 Shares 15,800 Est. Cost — Unrealized —

SLV ISHARES SILVER TR 1.0%

Value ($000) $4,741 Shares 73,600 Est. Cost $64.42 Unrealized —

— QUANTUM COMPUTING INC 0.9%

Value ($000) $4,104 Shares 400,000 Est. Cost — Unrealized —

— STRATEGY INC 0.7%

Value ($000) $3,191 Shares 21,000 Est. Cost — Unrealized —

ASML ASML HOLDING N V 0.5%

Value ($000) $2,140 Shares 2,000 Est. Cost $719.70 Unrealized —

— RIGETTI COMPUTING INC 0.4%

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

CWB SPDR SERIES TRUST 0.4%

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

ICE INTERCONTINENTAL EXCHANGE IN 0.4%

Value ($000) $1,620 Shares 10,000 Est. Cost $156.20 Unrealized +5.6%

CELC CELCUITY INC 0.3%

Value ($000) $1,526 Shares 15,303 Est. Cost $40.86 Unrealized +163.0%

— YUM BRANDS INC 0.3%

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

GEF/B GREIF INC 0.3%

Value ($000) $1,486 Shares 19,895 Est. Cost $60.65 Unrealized +39.2%

— SYMBOTIC INC 0.3%

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

— NEXTNAV INC 0.3%

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

— TRACTOR SUPPLY CO 0.3%

Value ($000) $1,250 Shares 25,000 Est. Cost — Unrealized —

FOX FOX CORP 0.2%

Value ($000) $1,012 Shares 15,591 Est. Cost $32.85 Unrealized +84.9%

— CTO RLTY GROWTH INC NEW 0.2%

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

PCH POTLATCHDELTIC CORPORATION 0.2%

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

MITK MITEK SYS INC 0.1%

Value ($000) $585 Shares 55,434 Est. Cost $11.38 Unrealized -1.6%

FALN ISHARES TR 0.1%

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

LAUR LAUREATE EDUCATION INC 0.1%

Value ($000) $322 Shares 9,563 Est. Cost $15.73 Unrealized +119.9%

CSTM CONSTELLIUM SE 0.1%

Value ($000) $295 Shares 15,659 Est. Cost $14.31 Unrealized +62.1%

DCI DONALDSON INC 0.1%

Value ($000) $292 Shares 3,295 Est. Cost $74.82 Unrealized +36.2%

FEIM FREQUENCY ELECTRS INC 0.1%

Value ($000) $280 Shares 5,202 Est. Cost $27.78 Unrealized +90.8%

CNTN THARIMMUNE INC 0.1%

Value ($000) $253 Shares 83,500 Est. Cost $2.85 Unrealized +38.2%

MIDD MIDDLEBY CORP 0.1%

Value ($000) $249 Shares 1,676 Est. Cost $131.27 Unrealized +18.4%

BCO BRINKS CO 0.1%

Value ($000) $238 Shares 2,041 Est. Cost $104.10 Unrealized +21.3%

— ARBOR REALTY TRUST INC 0.0%

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

— REV GROUP INC 0.0%

Value ($000) $225 Shares 3,701 Est. Cost $60.81 Unrealized —

EFXT ENERFLEX LTD 0.0%

Value ($000) $222 Shares 14,395 Est. Cost $9.28 Unrealized +88.9%

IBTA IBOTTA INC 0.0%

Value ($000) $220 Shares 9,700 Est. Cost $26.99 Unrealized -19.2%

— SABLE OFFSHORE CORP 0.0%

Value ($000) $218 Shares 24,200 Est. Cost — Unrealized —

BMBL BUMBLE INC 0.0%

Value ($000) $214 Shares 60,000 Est. Cost $4.43 Unrealized -25.3%

STRA STRATEGIC ED INC 0.0%

Value ($000) $214 Shares 2,664 Est. Cost $79.44 Unrealized +2.2%

UAN CVR PARTNERS LP 0.0%

Value ($000) $214 Shares 2,084 Est. Cost $102.50 Unrealized —

PRGO PERRIGO CO PLC 0.0%

Value ($000) $212 Shares 15,200 Est. Cost $16.67 Unrealized -12.8%

MSGE MADISON SQUARE GARDEN ENTMT 0.0%

Value ($000) $211 Shares 3,915 Est. Cost $48.11 Unrealized +24.2%

THRY THRYV HLDGS INC 0.0%

Value ($000) $210 Shares 34,700 Est. Cost $7.92 Unrealized -41.8%

EXLS EXLSERVICE HOLDINGS INC 0.0%

Value ($000) $209 Shares 4,920 Est. Cost $40.88 Unrealized -10.4%

MOG/A MOOG INC 0.0%

Value ($000) $208 Shares 856 Est. Cost $219.17 Unrealized +38.0%

BBWI BATH & BODY WORKS INC 0.0%

Value ($000) $208 Shares 10,378 Est. Cost $28.91 Unrealized -22.5%

AWI ARMSTRONG WORLD INDS INC NEW 0.0%

Value ($000) $207 Shares 1,085 Est. Cost $185.53 Unrealized +3.9%

FUN SIX FLAGS ENTERTAINMENT CORP 0.0%

Value ($000) $207 Shares 13,500 Est. Cost $18.08 Unrealized -6.4%

CXW CORECIVIC INC 0.0%

Value ($000) $207 Shares 10,811 Est. Cost $18.32 Unrealized +2.8%

EMPD EMPERY DIGITAL INC 0.0%

Value ($000) $205 Shares 44,800 Est. Cost $5.85 Unrealized -25.8%

THR THERMON GROUP HLDGS INC 0.0%

Value ($000) $204 Shares 5,501 Est. Cost $32.83 Unrealized +38.8%

GFF GRIFFON CORP 0.0%

Value ($000) $204 Shares 2,764 Est. Cost $69.81 Unrealized +21.8%

SITC SITE CTRS CORP 0.0%

Value ($000) $204 Shares 31,700 Est. Cost $6.42 Unrealized —

BBSI BARRETT BUSINESS SVCS INC 0.0%

Value ($000) $203 Shares 5,618 Est. Cost $38.22 Unrealized -6.1%

FCN FTI CONSULTING INC 0.0%

Value ($000) $203 Shares 1,189 Est. Cost $164.86 Unrealized +4.6%

LFMD LIFEMD INC 0.0%

Value ($000) $203 Shares 59,500 Est. Cost $4.85 Unrealized -31.2%

OEC ORION S.A. 0.0%

Value ($000) $202 Shares 38,200 Est. Cost $5.42 Unrealized +15.9%

YELP YELP INC 0.0%

Value ($000) $201 Shares 6,605 Est. Cost $35.14 Unrealized -25.9%

ABTC AMERICAN BITCOIN CORP. 0.0%

Value ($000) $200 Shares 117,600 Est. Cost $4.17 Unrealized -65.2%

BHC BAUSCH HEALTH COS INC 0.0%

Value ($000) $199 Shares 28,639 Est. Cost $6.58 Unrealized -2.5%

AIRO AIRO GROUP HLDGS INC 0.0%

Value ($000) $197 Shares 24,100 Est. Cost $12.89 Unrealized -16.4%

PTLO PORTILLOS INC 0.0%

Value ($000) $197 Shares 43,400 Est. Cost $5.22 Unrealized +5.6%

GAMB GAMBLING COM GROUP LIMITED 0.0%

Value ($000) $196 Shares 35,900 Est. Cost $9.40 Unrealized -49.7%

ACHC ACADIA HEALTHCARE COMPANY IN 0.0%

Value ($000) $196 Shares 13,800 Est. Cost $18.92 Unrealized -23.2%

EVH EVOLENT HEALTH INC 0.0%

Value ($000) $195 Shares 48,800 Est. Cost $5.56 Unrealized -39.5%

SRFM SURF AIR MOBILITY INC 0.0%

Value ($000) $195 Shares 100,600 Est. Cost $3.20 Unrealized -26.9%

HPK HIGHPEAK ENERGY INC 0.0%

Value ($000) $194 Shares 41,000 Est. Cost $5.98 Unrealized -22.4%

MNTN MNTN INC 0.0%

Value ($000) $191 Shares 16,000 Est. Cost $14.40 Unrealized -28.6%

RC READY CAPITAL CORP 0.0%

Value ($000) $189 Shares 86,900 Est. Cost $2.18 Unrealized —

KLC KINDERCARE LEARNING COMPANIE 0.0%

Value ($000) $189 Shares 43,700 Est. Cost $5.04 Unrealized -12.7%

TSSI TSS INC DEL 0.0%

Value ($000) $189 Shares 26,700 Est. Cost $12.92 Unrealized -28.1%

STIM NEURONETICS INC 0.0%

Value ($000) $188 Shares 136,400 Est. Cost $2.09 Unrealized -17.6%

NPKI NPK INTERNATIONAL INC 0.0%

Value ($000) $188 Shares 15,754 Est. Cost $12.20 Unrealized +13.1%

BNC CEA INDUSTRIES INC 0.0%

Value ($000) $187 Shares 29,200 Est. Cost $7.02 Unrealized -27.9%

DFDV DEFI DEVELOPMENT CORP 0.0%

Value ($000) $187 Shares 37,100 Est. Cost $9.52 Unrealized -44.4%

ACH OWENS & MINOR INC NEW 0.0%

Value ($000) $187 Shares 66,800 Est. Cost $3.57 Unrealized -35.0%

ALIT ALIGHT INC 0.0%

Value ($000) $186 Shares 95,600 Est. Cost $2.46 Unrealized -40.6%

SG SWEETGREEN INC 0.0%

Value ($000) $185 Shares 27,300 Est. Cost $6.87 Unrealized -5.5%

HDSN HUDSON TECHNOLOGIES INC 0.0%

Value ($000) $183 Shares 26,720 Est. Cost $9.39 Unrealized -22.6%

NFE NEW FORTRESS ENERGY INC 0.0%

Value ($000) $182 Shares 159,600 Est. Cost $1.47 Unrealized -11.6%

— FG NEXUS INC. 0.0%

Value ($000) $182 Shares 66,100 Est. Cost $2.75 Unrealized —

GOGO GOGO INC 0.0%

Value ($000) $182 Shares 39,000 Est. Cost $7.33 Unrealized -37.8%

XRX XEROX HOLDINGS CORP 0.0%

Value ($000) $181 Shares 76,300 Est. Cost $2.96 Unrealized -24.7%

JANX JANUX THERAPEUTICS INC 0.0%

Value ($000) $181 Shares 13,100 Est. Cost $23.52 Unrealized -41.9%

FWDI FORWARD INDS INC N Y 0.0%

Value ($000) $180 Shares 27,300 Est. Cost $12.84 Unrealized -51.1%

ARBE ARBE ROBOTICS LTD 0.0%

Value ($000) $180 Shares 152,600 Est. Cost $1.65 Unrealized -25.5%

KOS KOSMOS ENERGY LTD 0.0%

Value ($000) $179 Shares 197,200 Est. Cost $1.32 Unrealized +10.3%

JELD JELD-WEN HLDG INC 0.0%

Value ($000) $178 Shares 72,500 Est. Cost $3.28 Unrealized -20.8%

OM OUTSET MED INC 0.0%

Value ($000) $177 Shares 47,700 Est. Cost $8.58 Unrealized -47.6%

BKKT BAKKT HOLDINGS INC 0.0%

Value ($000) $177 Shares 17,600 Est. Cost $22.11 Unrealized -38.5%

ASPN ASPEN AEROGELS INC 0.0%

Value ($000) $177 Shares 62,400 Est. Cost $5.16 Unrealized -33.7%

SMLR SEMLER SCIENTIFIC INC 0.0%

Value ($000) $176 Shares 11,500 Est. Cost $22.69 Unrealized -9.7%

TMCI TREACE MED CONCEPTS INC 0.0%

Value ($000) $173 Shares 70,500 Est. Cost $4.34 Unrealized -45.9%

— LIMONEIRA CO 0.0%

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

SUIG SUI GROUP HOLDINGS LIMITED 0.0%

Value ($000) $169 Shares 101,300 Est. Cost $2.58 Unrealized -39.8%

AISP AIRSHIP AI HLDGS INC 0.0%

Value ($000) $168 Shares 58,136 Est. Cost $4.12 Unrealized -26.4%

LENZ LENZ THERAPEUTICS INC 0.0%

Value ($000) $168 Shares 10,500 Est. Cost $29.15 Unrealized -46.0%

SUPX SUPERX AI TECHNOLOGY LTD 0.0%

Value ($000) $167 Shares 10,646 Est. Cost $41.85 Unrealized -65.1%

SLMT BRERA HOLDINGS PLC 0.0%

Value ($000) $166 Shares 89,000 Est. Cost $7.99 Unrealized -80.8%

EXOD EXODUS MOVEMENT INC 0.0%

Value ($000) $164 Shares 11,100 Est. Cost $20.37 Unrealized -34.9%

GEMI GEMINI SPACE STA INC 0.0%

Value ($000) $164 Shares 16,500 Est. Cost $15.60 Unrealized -45.0%

NMAX NEWSMAX INC 0.0%

Value ($000) $162 Shares 20,900 Est. Cost $9.61 Unrealized -29.3%

SB SAFE BULKERS INC 0.0%

Value ($000) $161 Shares 33,440 Est. Cost $4.74 Unrealized +17.7%

ARCT ARCTURUS THERAPEUTICS HLDGS 0.0%

Value ($000) $161 Shares 26,283 Est. Cost $10.80 Unrealized -31.9%

KULR KULR TECHNOLOGY GROUP INC 0.0%

Value ($000) $160 Shares 54,200 Est. Cost $3.67 Unrealized -8.2%

HUMA HUMACYTE INC 0.0%

Value ($000) $156 Shares 162,900 Est. Cost $1.42 Unrealized -24.4%

ALTS ALT5 SIGMA CORP 0.0%

Value ($000) $155 Shares 141,200 Est. Cost $1.93 Unrealized -6.5%

BYND BEYOND MEAT INC 0.0%

Value ($000) $153 Shares 186,200 Est. Cost $1.39 Unrealized -40.1%

RNGR RANGER ENERGY SVCS INC 0.0%

Value ($000) $150 Shares 10,755 Est. Cost $13.16 Unrealized +18.9%

DEFT DEFI TECHNOLOGIES INC 0.0%

Value ($000) $143 Shares 189,800 Est. Cost $1.53 Unrealized -45.1%

AIRS AIRSCULPT TECHNOLOGIES INC 0.0%

Value ($000) $140 Shares 70,467 Est. Cost $6.07 Unrealized -62.1%

SENS SENSEONICS HLDGS INC 0.0%

Value ($000) $139 Shares 25,100 Est. Cost $6.96 Unrealized +6.0%

— BITCOIN DEPOT INC 0.0%

Value ($000) $137 Shares 106,500 Est. Cost $15.34 Unrealized -51.2%

HSDT SOLANA CO 0.0%

Value ($000) $137 Shares 47,400 Est. Cost $6.60 Unrealized -60.0%

ORBS EIGHTCO HOLDINGS INC 0.0%

Value ($000) $136 Shares 78,400 Est. Cost $4.69 Unrealized -69.1%

PROP PRAIRIE OPER CO 0.0%

Value ($000) $135 Shares 79,900 Est. Cost $1.82 Unrealized +0.2%

— NEXTDECADE CORP 0.0%

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

HAIN HAIN CELESTIAL GROUP INC 0.0%

Value ($000) $132 Shares 123,200 Est. Cost $1.23 Unrealized -12.1%

FRMM ETHZILLA CORPORATION 0.0%

Value ($000) $128 Shares 26,200 Est. Cost $14.11 Unrealized -69.4%

GROY GOLD ROYALTY CORP 0.0%

Value ($000) $122 Shares 30,100 Est. Cost $3.09 Unrealized +46.5%

SOC SABLE OFFSHORE CORP 0.0%

Value ($000) $121 Shares 13,400 Est. Cost $9.44 Unrealized +1.8%

PMI PICARD MEDICAL INC 0.0%

Value ($000) $118 Shares 67,312 Est. Cost $4.71 Unrealized -64.7%

ELBM ELECTRA BATTERY MATERIALS CO 0.0%

Value ($000) $116 Shares 144,400 Est. Cost $1.33 Unrealized -30.8%

INFU INFUSYSTEM HLDGS INC 0.0%

Value ($000) $110 Shares 12,221 Est. Cost $9.57 Unrealized -13.8%

SLQT SELECTQUOTE INC 0.0%

Value ($000) $108 Shares 76,700 Est. Cost $1.67 Unrealized -24.1%

UPXI UPEXI INC 0.0%

Value ($000) $100 Shares 59,342 Est. Cost $3.78 Unrealized -59.1%

FFAI FARADAY FUTURE INTLGT ELEC I COM N 0.0%

Value ($000) $100 Shares 97,628 Est. Cost $1.24 Unrealized -28.1%

PDYN PALLADYNE AI CORP 0.0%

Value ($000) $99 Shares 23,342 Est. Cost $6.73 Unrealized -1.1%

TONX TON STRATEGY CO 0.0%

Value ($000) $93 Shares 46,900 Est. Cost $3.65 Unrealized -35.3%

BZAI BLAIZE HLDGS INC 0.0%

Value ($000) $86 Shares 43,855 Est. Cost $3.23 Unrealized -49.4%

LFVN LIFEVANTAGE CORP 0.0%

Value ($000) $76 Shares 12,300 Est. Cost $7.40 Unrealized -25.1%

ATOM ATOMERA INC 0.0%

Value ($000) $74 Shares 33,500 Est. Cost $3.02 Unrealized +7.2%

RCEL AVITA MEDICAL INC 0.0%

Value ($000) $48 Shares 13,900 Est. Cost $3.99 Unrealized +2.0%

BRCC BRC INC 0.0%

Value ($000) $46 Shares 41,880 Est. Cost $1.59 Unrealized -46.0%

MLGO MICROALGO INC 0.0%

Value ($000) $45 Shares 10,200 Est. Cost $7.95 Unrealized -41.4%

AVX AVAX ONE TECHNOLOGY LTD 0.0%

Value ($000) $31 Shares 20,400 Est. Cost $2.42 Unrealized -52.0%

NNOX NANO X IMAGING LTD 0.0%

Value ($000) $30 Shares 10,877 Est. Cost $3.59 Unrealized -24.3%

STSS SHARPS TECHNOLOGY INC 0.0%

Value ($000) $25 Shares 12,100 Est. Cost $3.86 Unrealized -48.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES BITCOIN TRUST ETF	848,000	$42,103	9.1%	—	—	CALL	46438F901
—	RIGETTI COMPUTING INC	1,212,400	$26,855	5.8%	—	—	PUT	76655K953
—	CARVANA CO	33,700	$14,222	3.1%	—	—	PUT	146869952
—	ROBINHOOD MKTS INC	120,000	$13,572	2.9%	—	—	PUT	770700952
—	ISHARES SILVER TR	185,000	$11,918	2.6%	—	—	PUT	46428Q959
—	XP INC	500,000	$8,185	1.8%	—	—	PUT	G98239959
—	TAIWAN SEMICONDUCTOR MFG LTD SPONSOR	15,800	$4,801	1.0%	—	—	PUT	874039950
SLV	ISHARES SILVER TR	73,600	$4,741	1.0%	$64.42	—	—	46428Q109
—	QUANTUM COMPUTING INC	400,000	$4,104	0.9%	—	—	PUT	74766W958
—	STRATEGY INC	21,000	$3,191	0.7%	—	—	PUT	594972958
ASML	ASML HOLDING N V	2,000	$2,140	0.5%	$719.70	—	—	N07059210
—	RIGETTI COMPUTING INC	79,000	$1,750	0.4%	—	—	CALL	76655K903
CWB	SPDR SERIES TRUST	18,166	$1,620	0.4%	$81.02	—	—	78464A359
ICE	INTERCONTINENTAL EXCHANGE IN	10,000	$1,620	0.4%	$156.20	+5.6%	—	45866F104
CELC	CELCUITY INC	15,303	$1,526	0.3%	$40.86	+163.0%	—	15102K100
—	YUM BRANDS INC	10,000	$1,513	0.3%	—	—	CALL	988498901
GEF/B	GREIF INC	19,895	$1,486	0.3%	$60.65	+39.2%	—	397624206
—	SYMBOTIC INC	24,900	$1,482	0.3%	—	—	PUT	87151X951
—	NEXTNAV INC	84,100	$1,399	0.3%	—	—	PUT	65345N956
—	TRACTOR SUPPLY CO	25,000	$1,250	0.3%	—	—	PUT	892356956
FOX	FOX CORP	15,591	$1,012	0.2%	$32.85	+84.9%	—	35137L204
—	CTO RLTY GROWTH INC NEW	52,000	$957	0.2%	—	—	PUT	22948Q951
PCH	POTLATCHDELTIC CORPORATION	23,800	$947	0.2%	$40.46	—	—	737630103
MITK	MITEK SYS INC	55,434	$585	0.1%	$11.38	-1.6%	—	606710200
FALN	ISHARES TR	20,548	$561	0.1%	$27.00	—	—	46435G474
LAUR	LAUREATE EDUCATION INC	9,563	$322	0.1%	$15.73	+119.9%	—	518613203
CSTM	CONSTELLIUM SE	15,659	$295	0.1%	$14.31	+62.1%	—	F21107101
DCI	DONALDSON INC	3,295	$292	0.1%	$74.82	+36.2%	—	257651109
FEIM	FREQUENCY ELECTRS INC	5,202	$280	0.1%	$27.78	+90.8%	—	358010106
CNTN	THARIMMUNE INC	83,500	$253	0.1%	$2.85	+38.2%	—	432705309
MIDD	MIDDLEBY CORP	1,676	$249	0.1%	$131.27	+18.4%	—	596278101
BCO	BRINKS CO	2,041	$238	0.1%	$104.10	+21.3%	—	109696104
—	ARBOR REALTY TRUST INC	29,200	$227	0.0%	—	—	PUT	038923958
—	REV GROUP INC	3,701	$225	0.0%	$60.81	—	—	749527107
EFXT	ENERFLEX LTD	14,395	$222	0.0%	$9.28	+88.9%	—	29269R105
IBTA	IBOTTA INC	9,700	$220	0.0%	$26.99	-19.2%	—	451051106
—	SABLE OFFSHORE CORP	24,200	$218	0.0%	—	—	PUT	78574H954
BMBL	BUMBLE INC	60,000	$214	0.0%	$4.43	-25.3%	—	12047B105
STRA	STRATEGIC ED INC	2,664	$214	0.0%	$79.44	+2.2%	—	86272C103
UAN	CVR PARTNERS LP	2,084	$214	0.0%	$102.50	—	—	126633205
PRGO	PERRIGO CO PLC	15,200	$212	0.0%	$16.67	-12.8%	—	G97822103
MSGE	MADISON SQUARE GARDEN ENTMT	3,915	$211	0.0%	$48.11	+24.2%	—	558256103
THRY	THRYV HLDGS INC	34,700	$210	0.0%	$7.92	-41.8%	—	886029206
EXLS	EXLSERVICE HOLDINGS INC	4,920	$209	0.0%	$40.88	-10.4%	—	302081104
MOG/A	MOOG INC	856	$208	0.0%	$219.17	+38.0%	—	615394202
BBWI	BATH & BODY WORKS INC	10,378	$208	0.0%	$28.91	-22.5%	—	070830104
AWI	ARMSTRONG WORLD INDS INC NEW	1,085	$207	0.0%	$185.53	+3.9%	—	04247X102
FUN	SIX FLAGS ENTERTAINMENT CORP	13,500	$207	0.0%	$18.08	-6.4%	—	83001C108
CXW	CORECIVIC INC	10,811	$207	0.0%	$18.32	+2.8%	—	21871N101
EMPD	EMPERY DIGITAL INC	44,800	$205	0.0%	$5.85	-25.8%	—	92864V608
THR	THERMON GROUP HLDGS INC	5,501	$204	0.0%	$32.83	+38.8%	—	88362T103
GFF	GRIFFON CORP	2,764	$204	0.0%	$69.81	+21.8%	—	398433102
SITC	SITE CTRS CORP	31,700	$204	0.0%	$6.42	—	—	82981J851
BBSI	BARRETT BUSINESS SVCS INC	5,618	$203	0.0%	$38.22	-6.1%	—	068463108
FCN	FTI CONSULTING INC	1,189	$203	0.0%	$164.86	+4.6%	—	302941109
LFMD	LIFEMD INC	59,500	$203	0.0%	$4.85	-31.2%	—	53216B104
OEC	ORION S.A.	38,200	$202	0.0%	$5.42	+15.9%	—	L72967109
YELP	YELP INC	6,605	$201	0.0%	$35.14	-25.9%	—	985817105
ABTC	AMERICAN BITCOIN CORP.	117,600	$200	0.0%	$4.17	-65.2%	—	02462A104
BHC	BAUSCH HEALTH COS INC	28,639	$199	0.0%	$6.58	-2.5%	—	071734107
AIRO	AIRO GROUP HLDGS INC	24,100	$197	0.0%	$12.89	-16.4%	—	009422106
PTLO	PORTILLOS INC	43,400	$197	0.0%	$5.22	+5.6%	—	73642K106
GAMB	GAMBLING COM GROUP LIMITED	35,900	$196	0.0%	$9.40	-49.7%	—	G3R239101
ACHC	ACADIA HEALTHCARE COMPANY IN	13,800	$196	0.0%	$18.92	-23.2%	—	00404A109
EVH	EVOLENT HEALTH INC	48,800	$195	0.0%	$5.56	-39.5%	—	30050B101
SRFM	SURF AIR MOBILITY INC	100,600	$195	0.0%	$3.20	-26.9%	—	868927203
HPK	HIGHPEAK ENERGY INC	41,000	$194	0.0%	$5.98	-22.4%	—	43114Q105
MNTN	MNTN INC	16,000	$191	0.0%	$14.40	-28.6%	—	55318A108
RC	READY CAPITAL CORP	86,900	$189	0.0%	$2.18	—	—	75574U101
KLC	KINDERCARE LEARNING COMPANIE	43,700	$189	0.0%	$5.04	-12.7%	—	49456W105
TSSI	TSS INC DEL	26,700	$189	0.0%	$12.92	-28.1%	—	87288V101
STIM	NEURONETICS INC	136,400	$188	0.0%	$2.09	-17.6%	—	64131A105
NPKI	NPK INTERNATIONAL INC	15,754	$188	0.0%	$12.20	+13.1%	—	651718504
BNC	CEA INDUSTRIES INC	29,200	$187	0.0%	$7.02	-27.9%	—	86887P309
DFDV	DEFI DEVELOPMENT CORP	37,100	$187	0.0%	$9.52	-44.4%	—	47100L301
ACH	OWENS & MINOR INC NEW	66,800	$187	0.0%	$3.57	-35.0%	—	690732102
ALIT	ALIGHT INC	95,600	$186	0.0%	$2.46	-40.6%	—	01626W101
SG	SWEETGREEN INC	27,300	$185	0.0%	$6.87	-5.5%	—	87043Q108
HDSN	HUDSON TECHNOLOGIES INC	26,720	$183	0.0%	$9.39	-22.6%	—	444144109
NFE	NEW FORTRESS ENERGY INC	159,600	$182	0.0%	$1.47	-11.6%	—	644393100
—	FG NEXUS INC.	66,100	$182	0.0%	$2.75	—	—	30329Y304
GOGO	GOGO INC	39,000	$182	0.0%	$7.33	-37.8%	—	38046C109
XRX	XEROX HOLDINGS CORP	76,300	$181	0.0%	$2.96	-24.7%	—	98421M106
JANX	JANUX THERAPEUTICS INC	13,100	$181	0.0%	$23.52	-41.9%	—	47103J105
FWDI	FORWARD INDS INC N Y	27,300	$180	0.0%	$12.84	-51.1%	—	349862409
ARBE	ARBE ROBOTICS LTD	152,600	$180	0.0%	$1.65	-25.5%	—	M1R95N100
KOS	KOSMOS ENERGY LTD	197,200	$179	0.0%	$1.32	+10.3%	—	500688106
JELD	JELD-WEN HLDG INC	72,500	$178	0.0%	$3.28	-20.8%	—	47580P103
OM	OUTSET MED INC	47,700	$177	0.0%	$8.58	-47.6%	—	690145206
BKKT	BAKKT HOLDINGS INC	17,600	$177	0.0%	$22.11	-38.5%	—	05759B305
ASPN	ASPEN AEROGELS INC	62,400	$177	0.0%	$5.16	-33.7%	—	04523Y105
SMLR	SEMLER SCIENTIFIC INC	11,500	$176	0.0%	$22.69	-9.7%	—	81684M104
TMCI	TREACE MED CONCEPTS INC	70,500	$173	0.0%	$4.34	-45.9%	—	89455T109
—	LIMONEIRA CO	13,500	$170	0.0%	—	—	CALL	532746904
SUIG	SUI GROUP HOLDINGS LIMITED	101,300	$169	0.0%	$2.58	-39.8%	—	59982U200
AISP	AIRSHIP AI HLDGS INC	58,136	$168	0.0%	$4.12	-26.4%	—	008940108
LENZ	LENZ THERAPEUTICS INC	10,500	$168	0.0%	$29.15	-46.0%	—	52635N103
SUPX	SUPERX AI TECHNOLOGY LTD	10,646	$167	0.0%	$41.85	-65.1%	—	G5294K110
SLMT	BRERA HOLDINGS PLC	89,000	$166	0.0%	$7.99	-80.8%	—	G13311116
EXOD	EXODUS MOVEMENT INC	11,100	$164	0.0%	$20.37	-34.9%	—	30209R106
GEMI	GEMINI SPACE STA INC	16,500	$164	0.0%	$15.60	-45.0%	—	36866J105
NMAX	NEWSMAX INC	20,900	$162	0.0%	$9.61	-29.3%	—	65250K105
SB	SAFE BULKERS INC	33,440	$161	0.0%	$4.74	+17.7%	—	Y7388L103
ARCT	ARCTURUS THERAPEUTICS HLDGS	26,283	$161	0.0%	$10.80	-31.9%	—	03969T109
KULR	KULR TECHNOLOGY GROUP INC	54,200	$160	0.0%	$3.67	-8.2%	—	50125G307
HUMA	HUMACYTE INC	162,900	$156	0.0%	$1.42	-24.4%	—	44486Q103
ALTS	ALT5 SIGMA CORP	141,200	$155	0.0%	$1.93	-6.5%	—	47089W104
BYND	BEYOND MEAT INC	186,200	$153	0.0%	$1.39	-40.1%	—	08862E109
RNGR	RANGER ENERGY SVCS INC	10,755	$150	0.0%	$13.16	+18.9%	—	75282U104
DEFT	DEFI TECHNOLOGIES INC	189,800	$143	0.0%	$1.53	-45.1%	—	244916102
AIRS	AIRSCULPT TECHNOLOGIES INC	70,467	$140	0.0%	$6.07	-62.1%	—	009496100
SENS	SENSEONICS HLDGS INC	25,100	$139	0.0%	$6.96	+6.0%	—	81727U303
—	BITCOIN DEPOT INC	106,500	$137	0.0%	$15.34	-51.2%	—	09174P105
HSDT	SOLANA CO	47,400	$137	0.0%	$6.60	-60.0%	—	42328V876
ORBS	EIGHTCO HOLDINGS INC	78,400	$136	0.0%	$4.69	-69.1%	—	22890A302
PROP	PRAIRIE OPER CO	79,900	$135	0.0%	$1.82	+0.2%	—	739650109
—	NEXTDECADE CORP	25,300	$133	0.0%	—	—	CALL	65342K905
HAIN	HAIN CELESTIAL GROUP INC	123,200	$132	0.0%	$1.23	-12.1%	—	405217100
FRMM	ETHZILLA CORPORATION	26,200	$128	0.0%	$14.11	-69.4%	—	68236V401
GROY	GOLD ROYALTY CORP	30,100	$122	0.0%	$3.09	+46.5%	—	38071H106
SOC	SABLE OFFSHORE CORP	13,400	$121	0.0%	$9.44	+1.8%	—	78574H104
PMI	PICARD MEDICAL INC	67,312	$118	0.0%	$4.71	-64.7%	—	71953R108
ELBM	ELECTRA BATTERY MATERIALS CO	144,400	$116	0.0%	$1.33	-30.8%	—	28474P706
INFU	INFUSYSTEM HLDGS INC	12,221	$110	0.0%	$9.57	-13.8%	—	45685K102
SLQT	SELECTQUOTE INC	76,700	$108	0.0%	$1.67	-24.1%	—	816307300
UPXI	UPEXI INC	59,342	$100	0.0%	$3.78	-59.1%	—	39959A205
FFAI	FARADAY FUTURE INTLGT ELEC I COM N	97,628	$100	0.0%	$1.24	-28.1%	—	307359885
PDYN	PALLADYNE AI CORP	23,342	$99	0.0%	$6.73	-1.1%	—	80359A205
TONX	TON STRATEGY CO	46,900	$93	0.0%	$3.65	-35.3%	—	92337U302
BZAI	BLAIZE HLDGS INC	43,855	$86	0.0%	$3.23	-49.4%	—	092915107
LFVN	LIFEVANTAGE CORP	12,300	$76	0.0%	$7.40	-25.1%	—	53222K205
ATOM	ATOMERA INC	33,500	$74	0.0%	$3.02	+7.2%	—	04965B100
RCEL	AVITA MEDICAL INC	13,900	$48	0.0%	$3.99	+2.0%	—	05380C102
BRCC	BRC INC	41,880	$46	0.0%	$1.59	-46.0%	—	05601U105
MLGO	MICROALGO INC	10,200	$45	0.0%	$7.95	-41.4%	—	G6077Y400
AVX	AVAX ONE TECHNOLOGY LTD	20,400	$31	0.0%	$2.42	-52.0%	—	05353F108
NNOX	NANO X IMAGING LTD	10,877	$30	0.0%	$3.59	-24.3%	—	M70700105
STSS	SHARPS TECHNOLOGY INC	12,100	$25	0.0%	$3.86	-48.0%	—	82003F309

Decreased Positions (32)

— ISHARES BITCOIN TRUST ETF 1.0%

Value ($000) $4,534 (-84.9%) Shares 118,000 (-80.5%) Est. Cost — Unrealized —

— D-WAVE QUANTUM INC 3.3%

Value ($000) $15,183 (-56.4%) Shares 1,052,200 (-21.1%) Est. Cost — Unrealized —

— IONQ INC 0.6%

Value ($000) $2,883 (-84.9%) Shares 100,000 (-76.4%) Est. Cost — Unrealized —

— TESLA INC 3.2%

Value ($000) $14,870 (-44.9%) Shares 40,000 (-33.3%) Est. Cost — Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 2.2%

Value ($000) $10,112 (-36.5%) Shares 263,186 (-17.9%) Est. Cost $49.12 Unrealized —

— PURECYCLE TECHNOLOGIES INC 0.3%

Value ($000) $1,335 (-77.5%) Shares 257,200 (-62.7%) Est. Cost — Unrealized —

— SOLARIS ENERGY INFRAS INC 0.6%

Value ($000) $2,939 (-56.0%) Shares 52,000 (-64.2%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 2.9%

Value ($000) $13,204 (-20.6%) Shares 45,918 (-13.6%) Est. Cost $132.81 Unrealized +143.4%

G GENPACT LIMITED 0.3%

Value ($000) $1,386 (-60.1%) Shares 37,212 (-49.9%) Est. Cost $38.56 Unrealized +10.5%

BNTX BIONTECH SE 0.2%

Value ($000) $889 (-64.8%) Shares 10,000 (-62.3%) Est. Cost $107.23 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 5.0%

Value ($000) $23,323 (-6.2%) Shares 35,863 (-1.6%) Est. Cost $591.56 Unrealized —

CRC CALIFORNIA RES CORP 1.4%

Value ($000) $6,425 (-12.7%) Shares 92,823 (-43.6%) Est. Cost $49.44 Unrealized +5.4%

BKUTK BANK UTICA N Y 1.8%

Value ($000) $8,092 (+12.7%) Shares 13,464 (-3.0%) Est. Cost $340.39 Unrealized +62.3%

ITRN ITURAN LOCATION AND CONTROL 2.8%

Value ($000) $12,976 (+6.5%) Shares 264,757 (-6.6%) Est. Cost $28.55 Unrealized +59.7%

BKUT BANK UTICA/NY 0.5%

Value ($000) $2,414 (+27.5%) Shares 3,524 (-1.3%) Est. Cost $475.38 Unrealized +11.7%

AKAM AKAMAI TECHNOLOGIES INC 0.7%

Value ($000) $3,244 (-12.2%) Shares 28,243 (-33.3%) Est. Cost $79.86 Unrealized +19.8%

BOND PIMCO ETF TR 0.2%

Value ($000) $948 (-32.0%) Shares 10,268 (-31.4%) Est. Cost $94.11 Unrealized —

FTK FLOTEK INDUSTRIES INC 0.0%

Value ($000) $213 (-60.7%) Shares 12,539 (-60.1%) Est. Cost $12.78 Unrealized +35.6%

MELI MERCADOLIBRE INC 0.2%

Value ($000) $788 (-27.8%) Shares 456 (-15.9%) Est. Cost $1984.94 Unrealized +4.1%

GROY/WS GOLD ROYALTY CORP 0.0%

Value ($000) $89 (-60.6%) Shares 53,807 (-52.7%) Est. Cost $1.79 Unrealized —

FTHM FATHOM HOLDINGS INC 0.0%

Value ($000) $29 (-82.4%) Shares 54,261 (-66.4%) Est. Cost $1.66 Unrealized -32.5%

TBLA TABOOLA.COM LTD 0.0%

Value ($000) $222 (-37.1%) Shares 71,757 (-6.5%) Est. Cost $3.42 Unrealized +12.0%

MAMA MAMAS CREATIONS INC 0.6%

Value ($000) $2,845 (-3.2%) Shares 185,490 (-14.9%) Est. Cost $6.67 Unrealized +122.4%

ATMU ATMUS FILTRATION TECHNOLOGIE 0.0%

Value ($000) $211 (-28.9%) Shares 3,721 (-35.0%) Est. Cost $35.53 Unrealized +66.1%

MOD MODINE MFG CO 0.2%

Value ($000) $829 (-8.7%) Shares 3,826 (-43.8%) Est. Cost $16.27 Unrealized +984.7%

REX REX AMERICAN RES CORP 0.1%

Value ($000) $335 (+23.3%) Shares 7,342 (-12.5%) Est. Cost $28.48 Unrealized +18.8%

MCRI MONARCH CASINO & RESORT INC 0.1%

Value ($000) $244 (-19.6%) Shares 2,554 (-19.5%) Est. Cost $99.66 Unrealized -6.2%

PDS PRECISION DRILLING CORP 0.1%

Value ($000) $276 (+22.7%) Shares 2,809 (-10.3%) Est. Cost $61.41 Unrealized +30.8%

NWPX NWPX INFRASTRUCTURE INC 0.1%

Value ($000) $252 (+19.9%) Shares 3,242 (-3.8%) Est. Cost $57.66 Unrealized +21.1%

NMM NAVIOS MARITIME PARTNERS LP 0.1%

Value ($000) $262 (-7.7%) Shares 3,877 (-28.3%) Est. Cost $37.68 Unrealized —

DAC DANAOS CORPORATION 0.1%

Value ($000) $257 (+6.0%) Shares 2,278 (-11.4%) Est. Cost $81.98 Unrealized +25.8%

PHIN PHINIA INC 0.0%

Value ($000) $218 (-5.1%) Shares 3,180 (-13.1%) Est. Cost $41.60 Unrealized +72.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES BITCOIN TRUST ETF	118,000 (-80.5%)	$4,534 (-84.9%)	1.0%	—	—	PUT	46438F951
—	D-WAVE QUANTUM INC	1,052,200 (-21.1%)	$15,183 (-56.4%)	3.3%	—	—	PUT	26740W959
—	IONQ INC	100,000 (-76.4%)	$2,883 (-84.9%)	0.6%	—	—	PUT	46222L958
—	TESLA INC	40,000 (-33.3%)	$14,870 (-44.9%)	3.2%	—	—	PUT	88160R951
IBIT	ISHARES BITCOIN TRUST ETF	263,186 (-17.9%)	$10,112 (-36.5%)	2.2%	$49.12	—	SHS BEN INT	46438F101
—	PURECYCLE TECHNOLOGIES INC	257,200 (-62.7%)	$1,335 (-77.5%)	0.3%	—	—	PUT	74623V953
—	SOLARIS ENERGY INFRAS INC	52,000 (-64.2%)	$2,939 (-56.0%)	0.6%	—	—	PUT	83418M953
GOOGL	ALPHABET INC	45,918 (-13.6%)	$13,204 (-20.6%)	2.9%	$132.81	+143.4%	CAP STK CL A	02079K305
G	GENPACT LIMITED	37,212 (-49.9%)	$1,386 (-60.1%)	0.3%	$38.56	+10.5%	SHS	G3922B107
BNTX	BIONTECH SE	10,000 (-62.3%)	$889 (-64.8%)	0.2%	$107.23	—	SPONSORED ADS	09075V102
SPY	STATE STR SPDR S&P 500 ETF T	35,863 (-1.6%)	$23,323 (-6.2%)	5.0%	$591.56	—	TR UNIT	78462F103
CRC	CALIFORNIA RES CORP	92,823 (-43.6%)	$6,425 (-12.7%)	1.4%	$49.44	+5.4%	COM STOCK	13057Q305
BKUTK	BANK UTICA N Y	13,464 (-3.0%)	$8,092 (+12.7%)	1.8%	$340.39	+62.3%	COM	065437204
ITRN	ITURAN LOCATION AND CONTROL	264,757 (-6.6%)	$12,976 (+6.5%)	2.8%	$28.55	+59.7%	SHS	M6158M104
BKUT	BANK UTICA/NY	3,524 (-1.3%)	$2,414 (+27.5%)	0.5%	$475.38	+11.7%	COM	065437105
AKAM	AKAMAI TECHNOLOGIES INC	28,243 (-33.3%)	$3,244 (-12.2%)	0.7%	$79.86	+19.8%	COM	00971T101
BOND	PIMCO ETF TR	10,268 (-31.4%)	$948 (-32.0%)	0.2%	$94.11	—	ACTIVE BD ETF	72201R775
FTK	FLOTEK INDUSTRIES INC	12,539 (-60.1%)	$213 (-60.7%)	0.0%	$12.78	+35.6%	COM NEW	343389409
MELI	MERCADOLIBRE INC	456 (-15.9%)	$788 (-27.8%)	0.2%	$1984.94	+4.1%	COM	58733R102
GROY/WS	GOLD ROYALTY CORP	53,807 (-52.7%)	$89 (-60.6%)	0.0%	$1.79	—	*W EXP 05/31/202	38071H122
FTHM	FATHOM HOLDINGS INC	54,261 (-66.4%)	$29 (-82.4%)	0.0%	$1.66	-32.5%	COM	31189V109
TBLA	TABOOLA.COM LTD	71,757 (-6.5%)	$222 (-37.1%)	0.0%	$3.42	+12.0%	ORD SHS	M8744T106
MAMA	MAMAS CREATIONS INC	185,490 (-14.9%)	$2,845 (-3.2%)	0.6%	$6.67	+122.4%	COM	56146T103
ATMU	ATMUS FILTRATION TECHNOLOGIE	3,721 (-35.0%)	$211 (-28.9%)	0.0%	$35.53	+66.1%	COM	04956D107
MOD	MODINE MFG CO	3,826 (-43.8%)	$829 (-8.7%)	0.2%	$16.27	+984.7%	COM	607828100
REX	REX AMERICAN RES CORP	7,342 (-12.5%)	$335 (+23.3%)	0.1%	$28.48	+18.8%	COM	761624105
MCRI	MONARCH CASINO & RESORT INC	2,554 (-19.5%)	$244 (-19.6%)	0.1%	$99.66	-6.2%	COM	609027107
PDS	PRECISION DRILLING CORP	2,809 (-10.3%)	$276 (+22.7%)	0.1%	$61.41	+30.8%	COM NEW	74022D407
NWPX	NWPX INFRASTRUCTURE INC	3,242 (-3.8%)	$252 (+19.9%)	0.1%	$57.66	+21.1%	COM	667746101
NMM	NAVIOS MARITIME PARTNERS LP	3,877 (-28.3%)	$262 (-7.7%)	0.1%	$37.68	—	COM UNIT LPI	Y62267409
DAC	DANAOS CORPORATION	2,278 (-11.4%)	$257 (+6.0%)	0.1%	$81.98	+25.8%	SHS	Y1968P121
PHIN	PHINIA INC	3,180 (-13.1%)	$218 (-5.1%)	0.0%	$41.60	+72.2%	COMMON STOCK	71880K101

Unchanged Positions (13)

— APPLOVIN CORP 1.1%

Value ($000) $5,134 Shares 12,900 Est. Cost — Unrealized —

— ACCENTURE PLC IRELAND 0.8%

Value ($000) $3,569 Shares 18,000 Est. Cost — Unrealized —

AGM/A FEDERAL AGRIC MTG CORP 0.4%

Value ($000) $1,682 Shares 14,131 Est. Cost $120.73 Unrealized +7.7%

— FLUENCE ENERGY INC 0.2%

Value ($000) $1,012 Shares 1,000,000 Est. Cost $1.22 Unrealized —

NL NL INDS INC 0.5%

Value ($000) $2,431 Shares 417,014 Est. Cost $2.98 Unrealized +104.9%

HEI/A HEICO CORP NEW 0.1%

Value ($000) $403 Shares 1,910 Est. Cost $133.05 Unrealized +95.0%

WFCF WHERE FOOD COMES FROM INC 0.1%

Value ($000) $433 Shares 32,555 Est. Cost $10.79 Unrealized +5.8%

— ANAVEX LIFE SCIENCES CORP 0.1%

Value ($000) $338 Shares 110,000 Est. Cost — Unrealized —

MOBXW MOBIX LABS INC 0.0%

Value ($000) $9 Shares 72,377 Est. Cost $0.07 Unrealized —

CYCUW CYCURION INC 0.0%

Value ($000) $2 Shares 100,000 Est. Cost $0.05 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 —

ESGLW OIO GROUP 0.0%

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

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	APPLOVIN CORP	12,900	$5,134	1.1%	—	—	PUT	03831W958
—	ACCENTURE PLC IRELAND	18,000	$3,569	0.8%	—	—	CALL	G1151C901
AGM/A	FEDERAL AGRIC MTG CORP	14,131	$1,682	0.4%	$120.73	+7.7%	CL A	313148108
—	FLUENCE ENERGY INC	1,000,000	$1,012	0.2%	$1.22	—	NOTE 2.250% 6/1	34379VAB9
NL	NL INDS INC	417,014	$2,431	0.5%	$2.98	+104.9%	COM NEW	629156407
HEI/A	HEICO CORP NEW	1,910	$403	0.1%	$133.05	+95.0%	CL A	422806208
WFCF	WHERE FOOD COMES FROM INC	32,555	$433	0.1%	$10.79	+5.8%	COM NEW	96327X200
—	ANAVEX LIFE SCIENCES CORP	110,000	$338	0.1%	—	—	PUT	032797950
MOBXW	MOBIX LABS INC	72,377	$9	0.0%	$0.07	—	*W EXP 12/21/202	60743G118
CYCUW	CYCURION INC	100,000	$2	0.0%	$0.05	—	*W EXP 02/13/203	95758L115
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
ESGLW	OIO GROUP	42,000	$4	0.0%	$0.02	—	*W EXP 08/02/202	G3R95P116