Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSLA	TESLA INC	10,800	$4.542M	3.0%	$420.60	—	COM	88160R101
ASTS	AST SPACEMOBILE INC	43,500	$3.865M	2.5%	$88.86	—	COM CL A	00217D100
PVLA	PALVELLA THERAPEUTICS INC	22,500	$3.438M	2.2%	$152.82	—	COM	697947109
NBIS	NEBIUS GROUP NV	6,800	$1.878M	1.2%	$276.17	—	SHS CLASS A	N97284108
AMBA	AMBARELLA INC	16,000	$1.373M	0.9%	$85.80	—	COM	G037AX101
CBRS	CEREBRAS SYSTEMS INC	5,600	$1.238M	0.8%	$221.00	—	COM CL A	15675D103
DFTX	DEFINIUM THERAPEUTICS INC	25,000	$1.176M	0.8%	$47.04	—	COM	24477V105
NOK	NOKIA CORP	82,000	$1.089M	0.7%	$13.28	—	SPONSORED ADR	654902204
CCJ	CAMECO CORP	8,400	$856K	0.6%	$101.86	—	COM	13321L108
MLYS	MINERALYS THERAPEUTICS INC	28,100	$758K	0.5%	$26.98	—	COM	603170101
PLTR	PALANTIR TECHNOLOGIES INC	5,500	$642K	0.4%	$116.67	—	CL A	69608A108
ON	ON SEMICONDUCTOR CORP	6,000	$567K	0.4%	$94.54	—	COM	682189105
KEEL	KEEL INFRASTRUCTURE CORP	74,500	$428K	0.3%	$5.74	—	COM	486917107
CRVS	CORVUS PHARMACEUTICALS INC	27,000	$403K	0.3%	$14.94	—	COM	221015100
AXTI	AXT INC	4,900	$353K	0.2%	$72.08	—	COM	00246W103
INFQ	INFLEQTION INC	25,000	$333K	0.2%	$13.32	—	COM	45676K103
ANL	ADLAI NORTYE LTD	27,000	$311K	0.2%	$11.50	—	SPONSORED ADS	00704R109
CGEH	CAPSTONE ENERGY PLUS, INC.	27,500	$253K	0.2%	$9.20	—	COM	14067D607
VVPR	VIVOPOWER PLC	42,500	$220K	0.1%	$5.17	—	SHS NEW	G9376R209
SPCX	SPACE EXPL TECHNOLOGIES CORP	800	$137K	0.1%	$170.86	—	CL A	84615Q103

Increased Positions (14)

ABVX ABIVAX SA 8.4%

Value $12.93M (+63.7%) Shares 97,000 (+36.8%) Est. Cost $132.73 Unrealized —

ARWR ARROWHEAD PHARMACEUTICALS INC 5.9%

Value $8.974M (+73.5%) Shares 110,100 (+33.5%) Est. Cost $75.32 Unrealized —

NUVB NUVATION BIO INC 1.9%

Value $2.954M (+137.4%) Shares 520,000 (+79.3%) Est. Cost $5.97 Unrealized —

BE BLOOM ENERGY CORP 1.5%

Value $2.27M (+272.4%) Shares 7,500 (+66.7%) Est. Cost $184.12 Unrealized —

XOM EXXON MOBIL CORP 7.0%

Value $10.73M (-9.6%) Shares 78,500 (+12.1%) Est. Cost $86.59 Unrealized —

NKTR NEKTAR THERAPEUTICS 4.1%

Value $6.234M (+22.2%) Shares 89,300 (+26.0%) Est. Cost $57.13 Unrealized —

XENE XENON PHARMACEUTICALS INC 1.9%

Value $2.897M (+48.7%) Shares 48,000 (+43.3%) Est. Cost $47.54 Unrealized —

GLUE MONTE ROSA THERAPEUTICS INC 0.6%

Value $847K (+128.8%) Shares 35,000 (+55.6%) Est. Cost $21.92 Unrealized —

KURA KURA ONCOLOGY INC 0.6%

Value $975K (+62.3%) Shares 88,900 (+20.3%) Est. Cost $10.57 Unrealized —

RGNX REGENXBIO INC 0.5%

Value $809K (+72.3%) Shares 67,500 (+20.5%) Est. Cost $12.38 Unrealized —

CMPS COMPASS PATHWAYS PLC 0.3%

Value $425K (+395.2%) Shares 30,000 (+93.5%) Est. Cost $9.70 Unrealized —

PALI PALISADE BIO INC 0.4%

Value $643K (+42.6%) Shares 307,500 (+19.4%) Est. Cost $1.90 Unrealized —

KYTX KYVERNA THERAPEUTICS INC 0.2%

Value $356K (+37.7%) Shares 40,000 (+33.3%) Est. Cost $7.90 Unrealized —

RYZ RYERSON HOLDING CORP 0.2%

Value $276K (+13.5%) Shares 11,200 (+3.7%) Est. Cost $27.95 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ABVX	ABIVAX SA	97,000 (+36.8%)	$12.93M (+63.7%)	8.4%	$132.73	—	SPONSORED ADS	00370M103
ARWR	ARROWHEAD PHARMACEUTICALS INC	110,100 (+33.5%)	$8.974M (+73.5%)	5.9%	$75.32	—	COM	04280A100
NUVB	NUVATION BIO INC	520,000 (+79.3%)	$2.954M (+137.4%)	1.9%	$5.97	—	COM CL A	67080N101
BE	BLOOM ENERGY CORP	7,500 (+66.7%)	$2.27M (+272.4%)	1.5%	$184.12	—	COM CL A	093712107
XOM	EXXON MOBIL CORP	78,500 (+12.1%)	$10.73M (-9.6%)	7.0%	$86.59	—	COM	30231G102
NKTR	NEKTAR THERAPEUTICS	89,300 (+26.0%)	$6.234M (+22.2%)	4.1%	$57.13	—	COM NEW	640268306
XENE	XENON PHARMACEUTICALS INC	48,000 (+43.3%)	$2.897M (+48.7%)	1.9%	$47.54	—	COM	98420N105
GLUE	MONTE ROSA THERAPEUTICS INC	35,000 (+55.6%)	$847K (+128.8%)	0.6%	$21.92	—	COM	61225M102
KURA	KURA ONCOLOGY INC	88,900 (+20.3%)	$975K (+62.3%)	0.6%	$10.57	—	COM	50127T109
RGNX	REGENXBIO INC	67,500 (+20.5%)	$809K (+72.3%)	0.5%	$12.38	—	COM	75901B107
CMPS	COMPASS PATHWAYS PLC	30,000 (+93.5%)	$425K (+395.2%)	0.3%	$9.70	—	SPONSORED ADS	20451W101
PALI	PALISADE BIO INC	307,500 (+19.4%)	$643K (+42.6%)	0.4%	$1.90	—	COM	696389402
KYTX	KYVERNA THERAPEUTICS INC	40,000 (+33.3%)	$356K (+37.7%)	0.2%	$7.90	—	COM	501976104
RYZ	RYERSON HOLDING CORP	11,200 (+3.7%)	$276K (+13.5%)	0.2%	$27.95	—	COM	783754104

Exited Positions (14)

STAA STAAR SURGICAL CO 0.7%

Value $1.038M Shares 55,500 Est. Cost $132.84 Unrealized —

S SENTINELONE INC 0.5%

Value $699K Shares 54,300 Est. Cost $13.96 Unrealized —

LITE LUMENTUM HLDGS INC 0.4%

Value $632K Shares 900 Est. Cost $467.14 Unrealized —

CRCL CIRCLE INTERNET GROUP INC 0.4%

Value $572K Shares 6,000 Est. Cost $69.72 Unrealized —

NVDA NVIDIA CORPORATION 0.3%

Value $488K Shares 2,800 Est. Cost $186.63 Unrealized —

REPL REPLIMUNE GROUP INC 0.3%

Value $470K Shares 61,500 Est. Cost $8.50 Unrealized —

OLMA OLEMA PHARMACEUTICALS INC 0.2%

Value $373K Shares 25,000 Est. Cost $17.79 Unrealized —

INCY INCYTE CORP 0.1%

Value $188K Shares 2,000 Est. Cost $103.13 Unrealized —

CAPR CAPRICOR THERAPEUTICS INC 0.1%

Value $152K Shares 5,000 Est. Cost $21.33 Unrealized —

VPG VISHAY PRECISION GROUP INC 0.1%

Value $130K Shares 3,000 Est. Cost $46.22 Unrealized —

ESPR ESPERION THERAPEUTICS INC 0.1%

Value $130K Shares 47,500 Est. Cost $3.23 Unrealized —

AMLX AMYLYX PHARMACEUTICALS INC 0.1%

Value $125K Shares 9,000 Est. Cost $13.58 Unrealized —

LTRX LANTRONIX INC 0.1%

Value $78,600 Shares 15,000 Est. Cost $6.25 Unrealized —

HIMS HIMS &HERS HEALTH INC 0.0%

Value $51,900 Shares 2,500 Est. Cost $25.33 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
STAA	STAAR SURGICAL CO	55,500	$1.038M	0.7%	$132.84	—	—	852312305
S	SENTINELONE INC	54,300	$699K	0.5%	$13.96	—	—	81730H109
LITE	LUMENTUM HLDGS INC	900	$632K	0.4%	$467.14	—	—	55024U109
CRCL	CIRCLE INTERNET GROUP INC	6,000	$572K	0.4%	$69.72	—	—	172573107
NVDA	NVIDIA CORPORATION	2,800	$488K	0.3%	$186.63	—	—	67066G104
REPL	REPLIMUNE GROUP INC	61,500	$470K	0.3%	$8.50	—	—	76029N106
OLMA	OLEMA PHARMACEUTICALS INC	25,000	$373K	0.2%	$17.79	—	—	68062P106
INCY	INCYTE CORP	2,000	$188K	0.1%	$103.13	—	—	45337C102
CAPR	CAPRICOR THERAPEUTICS INC	5,000	$152K	0.1%	$21.33	—	—	14070B309
VPG	VISHAY PRECISION GROUP INC	3,000	$130K	0.1%	$46.22	—	—	92835K103
ESPR	ESPERION THERAPEUTICS INC	47,500	$130K	0.1%	$3.23	—	—	29664W105
AMLX	AMYLYX PHARMACEUTICALS INC	9,000	$125K	0.1%	$13.58	—	—	03237H101
LTRX	LANTRONIX INC	15,000	$78,600	0.1%	$6.25	—	—	516548203
HIMS	HIMS &HERS HEALTH INC	2,500	$51,900	0.0%	$25.33	—	—	433000106

Decreased Positions (12)

CELC CELCUITY INC 4.2%

Value $6.502M (-37.9%) Shares 62,150 (-32.2%) Est. Cost $89.99 Unrealized —

AMZN AMAZON.COM INC 2.0%

Value $3.075M (-55.3%) Shares 12,900 (-60.9%) Est. Cost $228.29 Unrealized —

ALMS ALUMIS INC 0.9%

Value $1.452M (-62.2%) Shares 51,600 (-70.4%) Est. Cost $24.33 Unrealized —

AAOI APPLIED OPTOELECTRONICS INC 0.6%

Value $889K (-59.4%) Shares 6,000 (-76.8%) Est. Cost $41.81 Unrealized —

KRYS KRYSTAL BIOTECH INC 10.9%

Value $16.73M (+7.1%) Shares 45,000 (-25.6%) Est. Cost $67.69 Unrealized —

MU MICRON TECHNOLOGY INC 0.2%

Value $231K (-54.4%) Shares 200 (-86.7%) Est. Cost $387.04 Unrealized —

WGS GENEDX HOLDINGS CORP 0.2%

Value $275K (-46.6%) Shares 4,000 (-50.0%) Est. Cost $114.67 Unrealized —

PATH UIPATH INC 0.2%

Value $326K (-41.2%) Shares 30,000 (-40.0%) Est. Cost $15.44 Unrealized —

FCX FREEPORT-MCMORAN INC 1.3%

Value $2.044M (-9.7%) Shares 32,500 (-15.6%) Est. Cost $61.12 Unrealized —

CYTK CYTOKINETICS INC 2.6%

Value $4.047M (-4.8%) Shares 47,500 (-26.4%) Est. Cost $62.21 Unrealized —

SRRK SCHOLAR ROCK HLDG CORP 0.2%

Value $330K (-37.8%) Shares 6,000 (-44.4%) Est. Cost $37.51 Unrealized —

MBX MBX BIOSCIENCES INC 0.3%

Value $442K (+64.4%) Shares 8,000 (-11.1%) Est. Cost $36.83 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CELC	CELCUITY INC	62,150 (-32.2%)	$6.502M (-37.9%)	4.2%	$89.99	—	COM	15102K100
AMZN	AMAZON.COM INC	12,900 (-60.9%)	$3.075M (-55.3%)	2.0%	$228.29	—	COM	023135106
ALMS	ALUMIS INC	51,600 (-70.4%)	$1.452M (-62.2%)	0.9%	$24.33	—	COM	022307102
AAOI	APPLIED OPTOELECTRONICS INC	6,000 (-76.8%)	$889K (-59.4%)	0.6%	$41.81	—	COM	03823U102
KRYS	KRYSTAL BIOTECH INC	45,000 (-25.6%)	$16.73M (+7.1%)	10.9%	$67.69	—	COM	501147102
MU	MICRON TECHNOLOGY INC	200 (-86.7%)	$231K (-54.4%)	0.2%	$387.04	—	COM	595112103
WGS	GENEDX HOLDINGS CORP	4,000 (-50.0%)	$275K (-46.6%)	0.2%	$114.67	—	COM CL A	81663L200
PATH	UIPATH INC	30,000 (-40.0%)	$326K (-41.2%)	0.2%	$15.44	—	CL A	90364P105
FCX	FREEPORT-MCMORAN INC	32,500 (-15.6%)	$2.044M (-9.7%)	1.3%	$61.12	—	COM	35671D857
CYTK	CYTOKINETICS INC	47,500 (-26.4%)	$4.047M (-4.8%)	2.6%	$62.21	—	COM	23282W605
SRRK	SCHOLAR ROCK HLDG CORP	6,000 (-44.4%)	$330K (-37.8%)	0.2%	$37.51	—	COM	80706P103
MBX	MBX BIOSCIENCES INC	8,000 (-11.1%)	$442K (+64.4%)	0.3%	$36.83	—	COM	55287L101

Unchanged Positions (16)

TGTX TG THERAPEUTICS INC 9.0%

Value $13.79M Shares 251,025 Est. Cost $32.66 Unrealized —

CVX CHEVRON CORP 8.1%

Value $12.43M Shares 75,000 Est. Cost $145.88 Unrealized —

VKTX VIKING THERAPEUTICS INC 5.3%

Value $8.165M Shares 209,300 Est. Cost $35.37 Unrealized —

CRGY CRESCENT ENERGY COMPANY 0.3%

Value $442K Shares 45,000 Est. Cost $8.72 Unrealized —

GBTC GRAYSCALE BITCOIN TRUST ETF 0.5%

Value $701K Shares 15,400 Est. Cost $68.36 Unrealized —

ACOG ALPHA COGNITION INC 0.2%

Value $372K Shares 51,500 Est. Cost $6.32 Unrealized —

VIR VIR BIOTECHNOLOGY INC 0.4%

Value $655K Shares 64,300 Est. Cost $7.20 Unrealized —

HCC WARRIOR MET COAL INC 0.3%

Value $487K Shares 6,000 Est. Cost $75.18 Unrealized —

PRAX PRAXIS PRECISION MEDICINES INC 0.6%

Value $904K Shares 2,700 Est. Cost $279.25 Unrealized —

ONDS ONDAS INC 0.2%

Value $309K Shares 37,500 Est. Cost $11.33 Unrealized —

ET ENERGY TRANSFER L P 1.7%

Value $2.545M Shares 133,100 Est. Cost $10.24 Unrealized —

LSPD LIGHTSPEED COMMERCE INC 0.1%

Value $131K Shares 12,500 Est. Cost $12.08 Unrealized —

APC ARKO PETE CORP 0.2%

Value $283K Shares 15,000 Est. Cost $17.89 Unrealized —

NKLR TERRA INNOVATUM GLOBAL NV 0.1%

Value $221K Shares 45,000 Est. Cost $7.45 Unrealized —

PDSB PDS BIOTECHNOLOGY CORP 0.0%

Value $26,433 Shares 30,000 Est. Cost $4.13 Unrealized —

SSYS STRATASYS LTD 0.1%

Value $85,600 Shares 10,000 Est. Cost $25.43 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TGTX	TG THERAPEUTICS INC	251,025	$13.79M	9.0%	$32.66	—	COM	88322Q108
CVX	CHEVRON CORP	75,000	$12.43M	8.1%	$145.88	—	COM	166764100
VKTX	VIKING THERAPEUTICS INC	209,300	$8.165M	5.3%	$35.37	—	COM	92686J106
CRGY	CRESCENT ENERGY COMPANY	45,000	$442K	0.3%	$8.72	—	CL A COM	44952J104
GBTC	GRAYSCALE BITCOIN TRUST ETF	15,400	$701K	0.5%	$68.36	—	SHS REP COM UT	389637109
ACOG	ALPHA COGNITION INC	51,500	$372K	0.2%	$6.32	—	COM	02074J501
VIR	VIR BIOTECHNOLOGY INC	64,300	$655K	0.4%	$7.20	—	COM	92764N102
HCC	WARRIOR MET COAL INC	6,000	$487K	0.3%	$75.18	—	COM	93627C101
PRAX	PRAXIS PRECISION MEDICINES INC	2,700	$904K	0.6%	$279.25	—	COM NEW	74006W207
ONDS	ONDAS INC	37,500	$309K	0.2%	$11.33	—	COM NEW	68236H204
ET	ENERGY TRANSFER L P	133,100	$2.545M	1.7%	$10.24	—	COM UT LTD PTN	29273V100
LSPD	LIGHTSPEED COMMERCE INC	12,500	$131K	0.1%	$12.08	—	SUB VTG SHS	53229C107
APC	ARKO PETE CORP	15,000	$283K	0.2%	$17.89	—	CL A COM	04124A100
NKLR	TERRA INNOVATUM GLOBAL NV	45,000	$221K	0.1%	$7.45	—	ORD SHS	N85083108
PDSB	PDS BIOTECHNOLOGY CORP	30,000	$26,433	0.0%	$4.13	—	COM	70465T107
SSYS	STRATASYS LTD	10,000	$85,600	0.1%	$25.43	—	COM	M85548101