Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC.	600,000	$42.84M	1.8%	$91.96	—	CALL	64110L106
TMO	THERMO FISHER SCIENTIFIC INC	48,517	$24.32M	1.0%	$501.36	—	COM	883556102
CME	CME GROUP INC	104,114	$22.99M	1.0%	$220.83	—	COM	12572Q105
ORCL	ORACLE CORP	150,000	$21.98M	0.9%	$160.90	—	CALL	68389X105
AVGO	BROADCOM INC	50,000	$18.89M	0.8%	$376.83	—	CALL	11135F101

Increased Positions (11)

MSFT MICROSOFT CORP 3.2%

Value $74.6M (+187.9%) Shares 200,000 (+185.7%) Est. Cost $373.04 Unrealized —

AVGO BROADCOM INC 1.8%

Value $43.45M (+5696.1%) Shares 115,021 (+4649.0%) Est. Cost $376.83 Unrealized —

BKNG BOOKING HOLDINGS INC 2.9%

Value $68M (+110.9%) Shares 381,532 (+4882.1%) Est. Cost $270.64 Unrealized —

ORCL ORACLE CORP 3.9%

Value $90.51M (+62.5%) Shares 617,622 (+63.1%) Est. Cost $160.90 Unrealized —

META META PLATFORMS INC 3.6%

Value $84.49M (+47.7%) Shares 150,000 (+50.0%) Est. Cost $519.02 Unrealized —

NOW SERVICENOW INC 1.0%

Value $23.18M (+2364.0%) Shares 233,502 (+2494.8%) Est. Cost $101.51 Unrealized —

NFLX NETFLIX INC. 5.6%

Value $132M (+18.9%) Shares 1,843,924 (+60.1%) Est. Cost $91.96 Unrealized —

META META PLATFORMS INC 7.1%

Value $167M (+13.3%) Shares 297,126 (+15.1%) Est. Cost $519.02 Unrealized —

INTU INTUIT 3.3%

Value $76.51M (-15.5%) Shares 293,136 (+40.1%) Est. Cost $467.29 Unrealized —

PFF ISHARES TR 0.1%

Value $1.524M (+52.4%) Shares 50,000 (+51.5%) Est. Cost $32.44 Unrealized —

AGG ISHARES TR 0.1%

Value $1.881M (+5.2%) Shares 19,000 (+5.6%) Est. Cost $102.15 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	200,000 (+185.7%)	$74.6M (+187.9%)	3.2%	$373.04	—	CALL	594918104
AVGO	BROADCOM INC	115,021 (+4649.0%)	$43.45M (+5696.1%)	1.8%	$376.83	—	COM	11135F101
BKNG	BOOKING HOLDINGS INC	381,532 (+4882.1%)	$68M (+110.9%)	2.9%	$270.64	—	COM	09857L108
ORCL	ORACLE CORP	617,622 (+63.1%)	$90.51M (+62.5%)	3.9%	$160.90	—	COM	68389X105
META	META PLATFORMS INC	150,000 (+50.0%)	$84.49M (+47.7%)	3.6%	$519.02	—	CALL	30303M102
NOW	SERVICENOW INC	233,502 (+2494.8%)	$23.18M (+2364.0%)	1.0%	$101.51	—	COM	81762P102
NFLX	NETFLIX INC.	1,843,924 (+60.1%)	$132M (+18.9%)	5.6%	$91.96	—	COM	64110L106
META	META PLATFORMS INC	297,126 (+15.1%)	$167M (+13.3%)	7.1%	$519.02	—	CL A	30303M102
INTU	INTUIT	293,136 (+40.1%)	$76.51M (-15.5%)	3.3%	$467.29	—	COM	461202103
PFF	ISHARES TR	50,000 (+51.5%)	$1.524M (+52.4%)	0.1%	$32.44	—	PFD AND INCM SEC	464288687
AGG	ISHARES TR	19,000 (+5.6%)	$1.881M (+5.2%)	0.1%	$102.15	—	CORE US AGGBD ET	464287226

Exited Positions (4)

AMZN AMAZON COM INC 2.2%

Value $52.07M Shares 250,000 Est. Cost $171.67 Unrealized —

MCO MOODYS CORP 1.8%

Value $42.35M Shares 97,087 Est. Cost $269.95 Unrealized —

V VISA INC 0.6%

Value $15.11M Shares 50,000 Est. Cost $259.82 Unrealized —

FICO FAIR ISAAC CORP 0.5%

Value $11.74M Shares 11,000 Est. Cost $1263.53 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	250,000	$52.07M	2.2%	$171.67	—	CALL	023135106
MCO	MOODYS CORP	97,087	$42.35M	1.8%	$269.95	—	—	615369105
V	VISA INC	50,000	$15.11M	0.6%	$259.82	—	CALL	92826C839
FICO	FAIR ISAAC CORP	11,000	$11.74M	0.5%	$1263.53	—	CALL	303250104

Decreased Positions (18)

GOOGL ALPHABET INC 1.5%

Value $35.74M (-89.6%) Shares 100,000 (-91.7%) Est. Cost $154.71 Unrealized —

FICO FAIR ISAAC CORP 4.3%

Value $101M (-33.0%) Shares 84,458 (-40.2%) Est. Cost $1263.53 Unrealized —

AMZN AMAZON COM INC 2.3%

Value $53.12M (-43.1%) Shares 222,864 (-50.3%) Est. Cost $171.67 Unrealized —

NVDA NVIDIA CORPORATION 2.1%

Value $50.02M (-42.6%) Shares 250,000 (-50.0%) Est. Cost $144.44 Unrealized —

V VISA INC 2.9%

Value $68.1M (-35.3%) Shares 198,480 (-43.0%) Est. Cost $259.82 Unrealized —

CPRT COPART INC 2.8%

Value $65.21M (-32.9%) Shares 2,313,347 (-21.0%) Est. Cost $44.66 Unrealized —

MSCI MSCI INC 2.1%

Value $50.15M (-31.5%) Shares 89,547 (-34.1%) Est. Cost $383.65 Unrealized —

AON AON PLC 3.5%

Value $82.93M (-20.3%) Shares 250,021 (-22.4%) Est. Cost $284.83 Unrealized —

GOOGL ALPHABET INC 5.7%

Value $135M (-11.3%) Shares 377,687 (-28.6%) Est. Cost $154.71 Unrealized —

SPGI S&P GLOBAL INC 3.6%

Value $84.44M (-16.1%) Shares 207,344 (-12.4%) Est. Cost $455.83 Unrealized —

MA MASTERCARD INCORPORATED 4.1%

Value $95.18M (-10.9%) Shares 185,318 (-13.3%) Est. Cost $365.09 Unrealized —

ORLY OREILLY AUTOMOTIVE INC 2.3%

Value $53.59M (-15.2%) Shares 581,887 (-15.0%) Est. Cost $89.02 Unrealized —

ASML ASML HLDG NV 4.3%

Value $101M (+9.9%) Shares 50,903 (-27.0%) Est. Cost $775.57 Unrealized —

AJG GALLAGHER ARTHUR J & CO 3.7%

Value $86.82M (-8.7%) Shares 378,174 (-13.8%) Est. Cost $261.56 Unrealized —

UNH UNITEDHEALTH GROUP INC 3.9%

Value $91.96M (-4.4%) Shares 221,244 (-37.8%) Est. Cost $402.05 Unrealized —

MKSI MKS INC. 0.8%

Value $18.97M (+27.8%) Shares 42,649 (-34.0%) Est. Cost $225.13 Unrealized —

NKE NIKE INC 0.3%

Value $6.164M (-38.9%) Shares 150,147 (-21.3%) Est. Cost $72.30 Unrealized —

NVDA NVIDIA CORPORATION 5.6%

Value $132M (-0.3%) Shares 660,923 (-13.1%) Est. Cost $144.44 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	100,000 (-91.7%)	$35.74M (-89.6%)	1.5%	$154.71	—	CALL	02079K305
FICO	FAIR ISAAC CORP	84,458 (-40.2%)	$101M (-33.0%)	4.3%	$1263.53	—	COM	303250104
AMZN	AMAZON COM INC	222,864 (-50.3%)	$53.12M (-43.1%)	2.3%	$171.67	—	COM	023135106
NVDA	NVIDIA CORPORATION	250,000 (-50.0%)	$50.02M (-42.6%)	2.1%	$144.44	—	CALL	67066G104
V	VISA INC	198,480 (-43.0%)	$68.1M (-35.3%)	2.9%	$259.82	—	COM CL A	92826C839
CPRT	COPART INC	2,313,347 (-21.0%)	$65.21M (-32.9%)	2.8%	$44.66	—	COM	217204106
MSCI	MSCI INC	89,547 (-34.1%)	$50.15M (-31.5%)	2.1%	$383.65	—	COM	55354G100
AON	AON PLC	250,021 (-22.4%)	$82.93M (-20.3%)	3.5%	$284.83	—	SHS CL A	G0403H108
GOOGL	ALPHABET INC	377,687 (-28.6%)	$135M (-11.3%)	5.7%	$154.71	—	CAP STK CL A	02079K305
SPGI	S&P GLOBAL INC	207,344 (-12.4%)	$84.44M (-16.1%)	3.6%	$455.83	—	COM	78409V104
MA	MASTERCARD INCORPORATED	185,318 (-13.3%)	$95.18M (-10.9%)	4.1%	$365.09	—	CL A	57636Q104
ORLY	OREILLY AUTOMOTIVE INC	581,887 (-15.0%)	$53.59M (-15.2%)	2.3%	$89.02	—	COM	67103H107
ASML	ASML HLDG NV	50,903 (-27.0%)	$101M (+9.9%)	4.3%	$775.57	—	N Y REGISTRY SHS	N07059210
AJG	GALLAGHER ARTHUR J & CO	378,174 (-13.8%)	$86.82M (-8.7%)	3.7%	$261.56	—	COM	363576109
UNH	UNITEDHEALTH GROUP INC	221,244 (-37.8%)	$91.96M (-4.4%)	3.9%	$402.05	—	COM	91324P102
MKSI	MKS INC.	42,649 (-34.0%)	$18.97M (+27.8%)	0.8%	$225.13	—	COM	55306N104
NKE	NIKE INC	150,147 (-21.3%)	$6.164M (-38.9%)	0.3%	$72.30	—	CL B	654106103
NVDA	NVIDIA CORPORATION	660,923 (-13.1%)	$132M (-0.3%)	5.6%	$144.44	—	COM	67066G104

Unchanged Positions (3)

MSFT MICROSOFT CORP 6.0%

Value $142M Shares 379,509 Est. Cost $373.04 Unrealized —

SCHB SCHWAB STRATEGIC TR 0.0%

Value $869K Shares 30,000 Est. Cost $33.26 Unrealized —

— WELLS FARGO & CO 0.1%

Value $1.62M Shares 1,400 Est. Cost $1442.50 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	379,509	$142M	6.0%	$373.04	—	COM	594918104
SCHB	SCHWAB STRATEGIC TR	30,000	$869K	0.0%	$33.26	—	US BRD MKT ETF	808524102
—	WELLS FARGO & CO	1,400	$1.62M	0.1%	$1442.50	—	PERP PFD CNV A	949746804