Oribel Capital Management, LP Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSI	MOTOROLA SOLUTIONS INC	199,700	$76,549	3.5%	$400.79	0.0%	COM NEW	620076307
MSI	MOTOROLA SOLUTIONS INC	199,700	$76,549	3.5%	$400.79	0.0%	PUT	620076307
DOX	AMDOCS LTD	929,300	$74,818	3.4%	$79.88	0.0%	CALL	G02602103
TSM	TAIWAN SEMICONDUCTOR MFG LTD	205,200	$62,358	2.9%	$301.52	—	PUT	874039100
AMD	ADVANCED MICRO DEVICES INC	267,900	$57,373	2.6%	$224.60	0.0%	CALL	007903107
CME	CME GROUP INC	143,500	$39,187	1.8%	$270.74	0.0%	COM	12572Q105
DOX	AMDOCS LTD	484,700	$39,023	1.8%	$79.88	0.0%	SHS	G02602103
CDNS	CADENCE DESIGN SYSTEM INC	118,800	$37,135	1.7%	—	—	CALL	127387108
DHR	DANAHER CORPORATION	133,500	$30,561	1.4%	$219.54	0.0%	COM	235851102
DHR	DANAHER CORPORATION	133,500	$30,561	1.4%	$219.54	0.0%	PUT	235851102
APH	AMPHENOL CORP NEW	221,300	$29,906	1.4%	$81.39	+64.1%	CALL	032095101
ETN	EATON CORP PLC	93,800	$29,876	1.4%	—	—	CALL	G29183103
ROL	ROLLINS INC	496,500	$29,800	1.4%	—	—	CALL	775711104
FIS	FIDELITY NATL INFORMATION SV	448,200	$29,787	1.4%	$65.64	0.0%	COM	31620M106
SPBO	SPDR SERIES TRUST	344,800	$29,408	1.3%	—	—	CALL	78464A144
ADBE	ADOBE INC	79,400	$27,789	1.3%	—	—	CALL	00724F101
WM	WASTE MGMT INC DEL	122,600	$26,936	1.2%	$212.55	0.0%	COM	94106L109
SNOW	SNOWFLAKE INC	117,800	$25,841	1.2%	—	—	CALL	833445109
TMUS	T-MOBILE US INC	122,900	$24,954	1.1%	—	—	CALL	872590104
DELL	DELL TECHNOLOGIES INC	166,700	$20,984	1.0%	—	—	CALL	24703L202
HEI	HEICO CORP NEW	64,800	$20,969	1.0%	$289.35	+9.2%	PUT	422806109
META	META PLATFORMS INC	30,800	$20,331	0.9%	$667.32	0.0%	CL A	30303M102
CRM	SALESFORCE INC	76,300	$20,213	0.9%	$248.17	0.0%	COM	79466L302
PANW	PALO ALTO NETWORKS INC	108,200	$19,930	0.9%	$201.75	0.0%	COM	697435105
PANW	PALO ALTO NETWORKS INC	108,200	$19,930	0.9%	$201.75	0.0%	PUT	697435105
ON	ON SEMICONDUCTOR CORP	359,500	$19,467	0.9%	$51.30	0.0%	COM	682189105
NXPI	NXP SEMICONDUCTORS N V	89,000	$19,318	0.9%	—	—	CALL	N6596X109
DDOG	DATADOG INC	141,700	$19,270	0.9%	—	—	CALL	23804L103
CWAN	CLEARWATER ANALYTICS HLDGS I	765,400	$18,461	0.8%	—	—	CALL	185123106
IQV	IQVIA HLDGS INC	81,300	$18,326	0.8%	$217.58	0.0%	COM	46266C105
APO	APOLLO GLOBAL MGMT INC	123,500	$17,878	0.8%	$132.57	0.0%	COM	03769M106
APO	APOLLO GLOBAL MGMT INC	123,500	$17,878	0.8%	$132.57	0.0%	PUT	03769M106
ZBRA	ZEBRA TECHNOLOGIES CORPORATI	69,600	$16,900	0.8%	$267.42	0.0%	CL A	989207105
CTAS	CINTAS CORP	85,100	$16,005	0.7%	$188.13	0.0%	COM	172908105
CLS	CELESTICA INC	53,500	$15,815	0.7%	$106.30	+183.5%	CALL	15101Q207
SAP	SAP SE	57,600	$13,992	0.6%	—	—	CALL	803054204
EFX	EQUIFAX INC	64,000	$13,887	0.6%	—	—	CALL	294429105
ADI	ANALOG DEVICES INC	50,900	$13,804	0.6%	$250.62	0.0%	COM	032654105
FLEX	FLEX LTD	223,100	$13,480	0.6%	$61.77	0.0%	CALL	Y2573F102
NVRI	ENVIRI CORP	709,600	$12,716	0.6%	$14.90	0.0%	COM	415864107
TECH	BIO-TECHNE CORP	211,400	$12,432	0.6%	—	—	CALL	09073M104
MDB	MONGODB INC	29,500	$12,381	0.6%	$363.83	0.0%	CL A	60937P106
MDB	MONGODB INC	29,500	$12,381	0.6%	$363.83	0.0%	PUT	60937P106
ORCL	ORACLE CORP	61,000	$11,890	0.5%	—	—	CALL	68389X105
CHKP	CHECK POINT SOFTWARE TECH LT	63,600	$11,802	0.5%	—	—	CALL	M22465104
CRWD	CROWDSTRIKE HLDGS INC	24,900	$11,672	0.5%	$509.22	0.0%	CL A	22788C105
CRWD	CROWDSTRIKE HLDGS INC	24,900	$11,672	0.5%	$509.22	0.0%	PUT	22788C105
ZS	ZSCALER INC	51,600	$11,606	0.5%	—	—	CALL	98980G102
CRL	CHARLES RIV LABS INTL INC	54,500	$10,872	0.5%	$181.39	0.0%	COM	159864107
CRL	CHARLES RIV LABS INTL INC	54,500	$10,872	0.5%	$181.39	0.0%	PUT	159864107
DIS	DISNEY WALT CO	93,000	$10,581	0.5%	$109.53	0.0%	COM	254687106
HUBS	HUBSPOT INC	25,500	$10,233	0.5%	$414.24	0.0%	PUT	443573100
HUBS	HUBSPOT INC	25,500	$10,233	0.5%	$414.24	0.0%	COM	443573100
HON	HONEYWELL INTL INC	52,200	$10,184	0.5%	$195.03	0.0%	COM	438516106
ACN	ACCENTURE PLC IRELAND	37,100	$9,954	0.5%	—	—	CALL	G1151C101
—	QIAGEN NV	213,200	$9,588	0.4%	—	—	CALL	N72482206
WDC	WESTERN DIGITAL CORP	53,500	$9,216	0.4%	—	—	CALL	958102105
FLEX	FLEX LTD	144,400	$8,725	0.4%	$61.77	0.0%	PUT	Y2573F102
FLEX	FLEX LTD	144,400	$8,725	0.4%	$61.77	0.0%	ORD	Y2573F102
RKT	ROCKET COS INC	406,800	$7,876	0.4%	$17.88	0.0%	COM CL A	77311W101
PYPL	PAYPAL HLDGS INC	134,800	$7,870	0.4%	—	—	CALL	70450Y103
V	VISA INC	17,300	$6,067	0.3%	$340.38	0.0%	COM CL A	92826C839
NOW	SERVICENOW INC	39,500	$6,051	0.3%	$186.78	-8.2%	CALL	81762P102
WCN	WASTE CONNECTIONS INC	33,700	$5,910	0.3%	$172.81	0.0%	COM	94106B101
AMZN	AMAZON COM INC	25,300	$5,840	0.3%	$228.79	0.0%	COM	023135106
HPQ	HP INC	248,100	$5,528	0.3%	—	—	CALL	40434L105
CCI	CROWN CASTLE INC	50,500	$4,488	0.2%	—	—	CALL	22822V101
GLW	CORNING INC	45,500	$3,984	0.2%	$85.98	0.0%	COM	219350105
AMD	ADVANCED MICRO DEVICES INC	18,600	$3,983	0.2%	$224.60	0.0%	COM	007903107
WBD	WARNER BROS DISCOVERY INC	94,200	$2,715	0.1%	$23.37	0.0%	COM SER A	934423104
JBL	JABIL INC	8,700	$1,984	0.1%	$213.29	0.0%	COM	466313103

Increased Positions (11)

TSM TAIWAN SEMICONDUCTOR MFG LTD 3.4%

Value ($000) $73,450 (+3453.9%) Shares 241,700 (+3166.2%) Est. Cost $301.52 Unrealized —

TEL TE CONNECTIVITY PLC 2.7%

Value ($000) $59,903 (+254.8%) Shares 263,300 (+242.4%) Est. Cost $213.13 Unrealized +8.5%

GOOGL ALPHABET INC 4.3%

Value ($000) $93,681 (+59.9%) Shares 299,300 (+24.2%) Est. Cost $224.08 Unrealized +27.5%

TEL TE CONNECTIVITY PLC 2.7%

Value ($000) $59,903 (+78.6%) Shares 263,300 (+72.3%) Est. Cost $213.13 Unrealized +8.5%

GOOG ALPHABET INC 3.8%

Value ($000) $82,256 (+40.1%) Shares 262,800 (+9.0%) Est. Cost — Unrealized —

SOXX ISHARES TR 1.8%

Value ($000) $40,023 (+34.6%) Shares 132,900 (+21.1%) Est. Cost — Unrealized —

HEI HEICO CORP NEW 1.0%

Value ($000) $20,969 (+48.0%) Shares 64,800 (+47.6%) Est. Cost $289.35 Unrealized +9.2%

GE GE AEROSPACE 0.5%

Value ($000) $10,196 (+147.4%) Shares 33,100 (+141.6%) Est. Cost $289.16 Unrealized +4.0%

NET CLOUDFLARE INC 0.2%

Value ($000) $3,963 (+112.3%) Shares 20,100 (+131.0%) Est. Cost $178.77 Unrealized +18.3%

ATR APTARGROUP INC 0.5%

Value ($000) $11,976 (-6.4%) Shares 98,200 (+2.6%) Est. Cost — Unrealized —

TTWO TAKE-TWO INTERACTIVE SOFTWAR 0.5%

Value ($000) $10,779 (+2.8%) Shares 42,100 (+3.7%) Est. Cost $201.57 Unrealized +23.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	241,700 (+3166.2%)	$73,450 (+3453.9%)	3.4%	$301.52	—	SPONSORED ADS	874039100
TEL	TE CONNECTIVITY PLC	263,300 (+242.4%)	$59,903 (+254.8%)	2.7%	$213.13	+8.5%	PUT	G87052109
GOOGL	ALPHABET INC	299,300 (+24.2%)	$93,681 (+59.9%)	4.3%	$224.08	+27.5%	CAP STK CL A	02079K305
TEL	TE CONNECTIVITY PLC	263,300 (+72.3%)	$59,903 (+78.6%)	2.7%	$213.13	+8.5%	ORD SHS	G87052109
GOOG	ALPHABET INC	262,800 (+9.0%)	$82,256 (+40.1%)	3.8%	—	—	PUT	02079K107
SOXX	ISHARES TR	132,900 (+21.1%)	$40,023 (+34.6%)	1.8%	—	—	CALL	464287523
HEI	HEICO CORP NEW	64,800 (+47.6%)	$20,969 (+48.0%)	1.0%	$289.35	+9.2%	COM	422806109
GE	GE AEROSPACE	33,100 (+141.6%)	$10,196 (+147.4%)	0.5%	$289.16	+4.0%	COM NEW	369604301
NET	CLOUDFLARE INC	20,100 (+131.0%)	$3,963 (+112.3%)	0.2%	$178.77	+18.3%	CL A COM	18915M107
ATR	APTARGROUP INC	98,200 (+2.6%)	$11,976 (-6.4%)	0.5%	—	—	CALL	038336103
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	42,100 (+3.7%)	$10,779 (+2.8%)	0.5%	$201.57	+23.7%	COM	874054109

Exited Positions (51)

MSFT MICROSOFT CORP 19.4%

Value ($000) $422,492 Shares 744,400 Est. Cost $432.38 Unrealized +15.8%

KKR KKR & CO INC 4.7%

Value ($000) $102,531 Shares 789,000 Est. Cost — Unrealized —

BX BLACKSTONE INC 4.4%

Value ($000) $96,240 Shares 563,300 Est. Cost — Unrealized —

GOOGL ALPHABET INC 4.0%

Value ($000) $86,801 Shares 356,400 Est. Cost $224.08 Unrealized +27.5%

AON AON PLC 3.5%

Value ($000) $75,773 Shares 212,500 Est. Cost — Unrealized —

WM WASTE MGMT INC DEL 3.2%

Value ($000) $70,379 Shares 318,700 Est. Cost $212.55 Unrealized 0.0%

ARES ARES MANAGEMENT CORPORATION 2.8%

Value ($000) $60,263 Shares 376,900 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 2.8%

Value ($000) $60,172 Shares 322,500 Est. Cost $122.39 Unrealized +52.1%

MSFT MICROSOFT CORP 2.7%

Value ($000) $59,512 Shares 114,900 Est. Cost $432.38 Unrealized +15.8%

AVGO BROADCOM INC 2.7%

Value ($000) $59,252 Shares 179,600 Est. Cost $249.06 Unrealized +43.3%

AVGO BROADCOM INC 2.7%

Value ($000) $59,252 Shares 179,600 Est. Cost $249.06 Unrealized +43.3%

CAH CARDINAL HEALTH INC 2.7%

Value ($000) $59,190 Shares 377,100 Est. Cost $120.20 Unrealized +56.2%

CAH CARDINAL HEALTH INC 2.7%

Value ($000) $59,190 Shares 377,100 Est. Cost $120.20 Unrealized +56.2%

— MR COOPER GROUP INC 2.6%

Value ($000) $57,187 Shares 271,300 Est. Cost $155.86 Unrealized —

AVGO BROADCOM INC 2.4%

Value ($000) $51,466 Shares 156,000 Est. Cost $249.06 Unrealized +43.3%

TMO THERMO FISHER SCIENTIFIC INC 2.3%

Value ($000) $49,472 Shares 102,000 Est. Cost $464.78 Unrealized +21.6%

AJG GALLAGHER ARTHUR J & CO 1.8%

Value ($000) $39,864 Shares 128,700 Est. Cost $300.20 Unrealized -12.0%

CME CME GROUP INC 1.8%

Value ($000) $39,313 Shares 145,500 Est. Cost $270.74 Unrealized 0.0%

AJG GALLAGHER ARTHUR J & CO 1.6%

Value ($000) $34,288 Shares 110,700 Est. Cost $300.20 Unrealized -12.0%

SANM SANMINA CORPORATION 1.4%

Value ($000) $31,183 Shares 270,900 Est. Cost $88.24 Unrealized +67.3%

SANM SANMINA CORPORATION 1.4%

Value ($000) $31,183 Shares 270,900 Est. Cost $88.24 Unrealized +67.3%

ECL ECOLAB INC 1.4%

Value ($000) $30,453 Shares 111,200 Est. Cost $252.35 Unrealized +5.3%

AJG GALLAGHER ARTHUR J & CO 1.4%

Value ($000) $30,014 Shares 96,900 Est. Cost $300.20 Unrealized -12.0%

MRSH MARSH & MCLENNAN COS INC 1.3%

Value ($000) $29,222 Shares 145,000 Est. Cost — Unrealized —

RSG REPUBLIC SVCS INC 1.0%

Value ($000) $21,961 Shares 95,700 Est. Cost — Unrealized —

— MR COOPER GROUP INC 1.0%

Value ($000) $21,648 Shares 271,300 Est. Cost $155.86 Unrealized —

MSCI MSCI INC 1.0%

Value ($000) $21,335 Shares 37,600 Est. Cost — Unrealized —

ADP AUTOMATIC DATA PROCESSING IN 0.9%

Value ($000) $19,753 Shares 67,300 Est. Cost — Unrealized —

PM PHILIP MORRIS INTL INC 0.9%

Value ($000) $19,691 Shares 121,400 Est. Cost — Unrealized —

SHOP SHOPIFY INC 0.9%

Value ($000) $19,661 Shares 132,300 Est. Cost $135.57 Unrealized +18.4%

SHOP SHOPIFY INC 0.9%

Value ($000) $19,661 Shares 132,300 Est. Cost $135.57 Unrealized +18.4%

TMO THERMO FISHER SCIENTIFIC INC 0.9%

Value ($000) $19,595 Shares 40,400 Est. Cost $464.78 Unrealized +21.6%

TMO THERMO FISHER SCIENTIFIC INC 0.9%

Value ($000) $19,595 Shares 40,400 Est. Cost $464.78 Unrealized +21.6%

XRT SPDR SERIES TRUST 0.9%

Value ($000) $19,554 Shares 226,900 Est. Cost — Unrealized —

CLS CELESTICA INC 0.5%

Value ($000) $10,151 Shares 41,200 Est. Cost $106.30 Unrealized +183.5%

JCI JOHNSON CTLS INTL PLC 0.5%

Value ($000) $10,126 Shares 92,100 Est. Cost $91.75 Unrealized +25.1%

NOW SERVICENOW INC 0.5%

Value ($000) $9,847 Shares 10,700 Est. Cost $186.78 Unrealized -8.2%

NOW SERVICENOW INC 0.5%

Value ($000) $9,847 Shares 10,700 Est. Cost $186.78 Unrealized -8.2%

AAPL APPLE INC 0.4%

Value ($000) $9,803 Shares 38,500 Est. Cost $225.58 Unrealized +19.0%

AAPL APPLE INC 0.4%

Value ($000) $9,803 Shares 38,500 Est. Cost $225.58 Unrealized +19.0%

NDAQ NASDAQ INC 0.4%

Value ($000) $9,791 Shares 110,700 Est. Cost — Unrealized —

MSI MOTOROLA SOLUTIONS INC 0.4%

Value ($000) $9,237 Shares 20,200 Est. Cost $400.79 Unrealized 0.0%

CMCSA COMCAST CORP NEW 0.4%

Value ($000) $9,021 Shares 287,100 Est. Cost — Unrealized —

HPE HEWLETT PACKARD ENTERPRISE C 0.4%

Value ($000) $7,702 Shares 313,600 Est. Cost $21.88 Unrealized +7.1%

QXO QXO INC 0.3%

Value ($000) $5,689 Shares 298,500 Est. Cost $20.71 Unrealized -7.4%

CIEN CIENA CORP 0.2%

Value ($000) $4,224 Shares 29,000 Est. Cost $101.84 Unrealized +90.5%

CBOE CBOE GLOBAL MKTS INC 0.2%

Value ($000) $4,145 Shares 16,900 Est. Cost — Unrealized —

GE GE AEROSPACE 0.2%

Value ($000) $4,121 Shares 13,700 Est. Cost $289.16 Unrealized +4.0%

APH AMPHENOL CORP NEW 0.2%

Value ($000) $3,985 Shares 32,200 Est. Cost $81.39 Unrealized +64.1%

APH AMPHENOL CORP NEW 0.2%

Value ($000) $3,985 Shares 32,200 Est. Cost $81.39 Unrealized +64.1%

ARX ACCELERANT HOLDINGS 0.0%

Value ($000) $386 Shares 25,900 Est. Cost $23.42 Unrealized -39.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	744,400	$422,492	19.4%	$432.38	+15.8%	CALL	594918104
KKR	KKR & CO INC	789,000	$102,531	4.7%	—	—	CALL	48251W104
BX	BLACKSTONE INC	563,300	$96,240	4.4%	—	—	CALL	09260D107
GOOGL	ALPHABET INC	356,400	$86,801	4.0%	$224.08	+27.5%	CALL	02079K305
AON	AON PLC	212,500	$75,773	3.5%	—	—	CALL	G0403H108
WM	WASTE MGMT INC DEL	318,700	$70,379	3.2%	$212.55	0.0%	CALL	94106L109
ARES	ARES MANAGEMENT CORPORATION	376,900	$60,263	2.8%	—	—	CALL	03990B101
NVDA	NVIDIA CORPORATION	322,500	$60,172	2.8%	$122.39	+52.1%	PUT	67066G104
MSFT	MICROSOFT CORP	114,900	$59,512	2.7%	$432.38	+15.8%	PUT	594918104
AVGO	BROADCOM INC	179,600	$59,252	2.7%	$249.06	+43.3%	—	11135F101
AVGO	BROADCOM INC	179,600	$59,252	2.7%	$249.06	+43.3%	PUT	11135F101
CAH	CARDINAL HEALTH INC	377,100	$59,190	2.7%	$120.20	+56.2%	PUT	14149Y108
CAH	CARDINAL HEALTH INC	377,100	$59,190	2.7%	$120.20	+56.2%	—	14149Y108
—	MR COOPER GROUP INC	271,300	$57,187	2.6%	$155.86	—	—	62482R107
AVGO	BROADCOM INC	156,000	$51,466	2.4%	$249.06	+43.3%	CALL	11135F101
TMO	THERMO FISHER SCIENTIFIC INC	102,000	$49,472	2.3%	$464.78	+21.6%	CALL	883556102
AJG	GALLAGHER ARTHUR J & CO	128,700	$39,864	1.8%	$300.20	-12.0%	—	363576109
CME	CME GROUP INC	145,500	$39,313	1.8%	$270.74	0.0%	CALL	12572Q105
AJG	GALLAGHER ARTHUR J & CO	110,700	$34,288	1.6%	$300.20	-12.0%	CALL	363576109
SANM	SANMINA CORPORATION	270,900	$31,183	1.4%	$88.24	+67.3%	—	801056102
SANM	SANMINA CORPORATION	270,900	$31,183	1.4%	$88.24	+67.3%	PUT	801056102
ECL	ECOLAB INC	111,200	$30,453	1.4%	$252.35	+5.3%	CALL	278865100
AJG	GALLAGHER ARTHUR J & CO	96,900	$30,014	1.4%	$300.20	-12.0%	PUT	363576109
MRSH	MARSH & MCLENNAN COS INC	145,000	$29,222	1.3%	—	—	CALL	571748102
RSG	REPUBLIC SVCS INC	95,700	$21,961	1.0%	—	—	CALL	760759100
—	MR COOPER GROUP INC	271,300	$21,648	1.0%	$155.86	—	PUT	62482R107
MSCI	MSCI INC	37,600	$21,335	1.0%	—	—	CALL	55354G100
ADP	AUTOMATIC DATA PROCESSING IN	67,300	$19,753	0.9%	—	—	CALL	053015103
PM	PHILIP MORRIS INTL INC	121,400	$19,691	0.9%	—	—	CALL	718172109
SHOP	SHOPIFY INC	132,300	$19,661	0.9%	$135.57	+18.4%	—	82509L107
SHOP	SHOPIFY INC	132,300	$19,661	0.9%	$135.57	+18.4%	PUT	82509L107
TMO	THERMO FISHER SCIENTIFIC INC	40,400	$19,595	0.9%	$464.78	+21.6%	—	883556102
TMO	THERMO FISHER SCIENTIFIC INC	40,400	$19,595	0.9%	$464.78	+21.6%	PUT	883556102
XRT	SPDR SERIES TRUST	226,900	$19,554	0.9%	—	—	CALL	78464A714
CLS	CELESTICA INC	41,200	$10,151	0.5%	$106.30	+183.5%	PUT	15101Q207
JCI	JOHNSON CTLS INTL PLC	92,100	$10,126	0.5%	$91.75	+25.1%	PUT	G51502105
NOW	SERVICENOW INC	10,700	$9,847	0.5%	$186.78	-8.2%	—	81762P102
NOW	SERVICENOW INC	10,700	$9,847	0.5%	$186.78	-8.2%	PUT	81762P102
AAPL	APPLE INC	38,500	$9,803	0.4%	$225.58	+19.0%	PUT	037833100
AAPL	APPLE INC	38,500	$9,803	0.4%	$225.58	+19.0%	—	037833100
NDAQ	NASDAQ INC	110,700	$9,791	0.4%	—	—	CALL	631103108
MSI	MOTOROLA SOLUTIONS INC	20,200	$9,237	0.4%	$400.79	0.0%	CALL	620076307
CMCSA	COMCAST CORP NEW	287,100	$9,021	0.4%	—	—	CALL	20030N101
HPE	HEWLETT PACKARD ENTERPRISE C	313,600	$7,702	0.4%	$21.88	+7.1%	—	42824C109
QXO	QXO INC	298,500	$5,689	0.3%	$20.71	-7.4%	—	82846H405
CIEN	CIENA CORP	29,000	$4,224	0.2%	$101.84	+90.5%	—	171779309
CBOE	CBOE GLOBAL MKTS INC	16,900	$4,145	0.2%	—	—	CALL	12503M108
GE	GE AEROSPACE	13,700	$4,121	0.2%	$289.16	+4.0%	PUT	369604301
APH	AMPHENOL CORP NEW	32,200	$3,985	0.2%	$81.39	+64.1%	—	032095101
APH	AMPHENOL CORP NEW	32,200	$3,985	0.2%	$81.39	+64.1%	PUT	032095101
ARX	ACCELERANT HOLDINGS	25,900	$386	0.0%	$23.42	-39.9%	—	G00894108

Decreased Positions (14)

MSFT MICROSOFT CORP 0.4%

Value ($000) $9,769 (-97.5%) Shares 20,200 (-85.0%) Est. Cost $432.38 Unrealized +15.8%

T AT&T INC 0.5%

Value ($000) $10,033 (-87.2%) Shares 403,900 (-85.4%) Est. Cost $25.92 Unrealized -2.5%

NVDA NVIDIA CORPORATION 2.3%

Value ($000) $50,523 (-44.0%) Shares 270,900 (-44.0%) Est. Cost $122.39 Unrealized +52.1%

WMT WALMART INC 1.5%

Value ($000) $31,886 (-46.3%) Shares 286,200 (-50.3%) Est. Cost $99.23 Unrealized +8.0%

KEYS KEYSIGHT TECHNOLOGIES INC 1.1%

Value ($000) $23,956 (-51.5%) Shares 117,900 (-58.2%) Est. Cost $164.29 Unrealized +12.9%

WDAY WORKDAY INC 0.5%

Value ($000) $11,963 (-62.8%) Shares 55,700 (-58.3%) Est. Cost — Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.9%

Value ($000) $20,092 (-49.5%) Shares 493,300 (-45.5%) Est. Cost — Unrealized —

KEYS KEYSIGHT TECHNOLOGIES INC 1.1%

Value ($000) $23,956 (-38.1%) Shares 117,900 (-46.7%) Est. Cost $164.29 Unrealized +12.9%

TRMB TRIMBLE INC 0.4%

Value ($000) $9,668 (-52.0%) Shares 123,400 (-49.9%) Est. Cost $64.26 Unrealized +24.0%

JCI JOHNSON CTLS INTL PLC 0.5%

Value ($000) $11,412 (-47.2%) Shares 95,300 (-51.5%) Est. Cost $91.75 Unrealized +25.1%

CLS CELESTICA INC 0.2%

Value ($000) $4,139 (-59.2%) Shares 14,000 (-66.0%) Est. Cost $106.30 Unrealized +183.5%

ADSK AUTODESK INC 0.4%

Value ($000) $7,963 (-27.8%) Shares 26,900 (-22.5%) Est. Cost $280.95 Unrealized +7.7%

CSCO CISCO SYS INC 1.0%

Value ($000) $21,399 (+6.6%) Shares 277,800 (-5.3%) Est. Cost $67.38 Unrealized +9.5%

CSCO CISCO SYS INC 1.0%

Value ($000) $21,399 (+6.6%) Shares 277,800 (-5.3%) Est. Cost $67.38 Unrealized +9.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	20,200 (-85.0%)	$9,769 (-97.5%)	0.4%	$432.38	+15.8%	COM	594918104
T	AT&T INC	403,900 (-85.4%)	$10,033 (-87.2%)	0.5%	$25.92	-2.5%	COM	00206R102
NVDA	NVIDIA CORPORATION	270,900 (-44.0%)	$50,523 (-44.0%)	2.3%	$122.39	+52.1%	COM	67066G104
WMT	WALMART INC	286,200 (-50.3%)	$31,886 (-46.3%)	1.5%	$99.23	+8.0%	COM	931142103
KEYS	KEYSIGHT TECHNOLOGIES INC	117,900 (-58.2%)	$23,956 (-51.5%)	1.1%	$164.29	+12.9%	COM	49338L103
WDAY	WORKDAY INC	55,700 (-58.3%)	$11,963 (-62.8%)	0.5%	—	—	CALL	98138H101
VZ	VERIZON COMMUNICATIONS INC	493,300 (-45.5%)	$20,092 (-49.5%)	0.9%	—	—	CALL	92343V104
KEYS	KEYSIGHT TECHNOLOGIES INC	117,900 (-46.7%)	$23,956 (-38.1%)	1.1%	$164.29	+12.9%	PUT	49338L103
TRMB	TRIMBLE INC	123,400 (-49.9%)	$9,668 (-52.0%)	0.4%	$64.26	+24.0%	COM	896239100
JCI	JOHNSON CTLS INTL PLC	95,300 (-51.5%)	$11,412 (-47.2%)	0.5%	$91.75	+25.1%	SHS	G51502105
CLS	CELESTICA INC	14,000 (-66.0%)	$4,139 (-59.2%)	0.2%	$106.30	+183.5%	COM	15101Q207
ADSK	AUTODESK INC	26,900 (-22.5%)	$7,963 (-27.8%)	0.4%	$280.95	+7.7%	COM	052769106
CSCO	CISCO SYS INC	277,800 (-5.3%)	$21,399 (+6.6%)	1.0%	$67.38	+9.5%	PUT	17275R102
CSCO	CISCO SYS INC	277,800 (-5.3%)	$21,399 (+6.6%)	1.0%	$67.38	+9.5%	COM	17275R102

Unchanged Positions (3)

ECL ECOLAB INC 1.6%

Value ($000) $34,338 Shares 130,800 Est. Cost $252.35 Unrealized +5.3%

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $5,251 Shares 7,700 Est. Cost $353.57 Unrealized —

QQQ INVESCO QQQ TR 0.1%

Value ($000) $2,642 Shares 4,300 Est. Cost $471.75 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ECL	ECOLAB INC	130,800	$34,338	1.6%	$252.35	+5.3%	COM	278865100
SPY	SPDR S&P 500 ETF TR	7,700	$5,251	0.2%	$353.57	—	TR UNIT	78462F103
QQQ	INVESCO QQQ TR	4,300	$2,642	0.1%	$471.75	—	UNIT SER 1	46090E103