Main Management ETF Advisors, LLC Diversified Active

CIK: 0001698607 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 10, 2026

Total Value ($000): $2,806 (100.0% shares, 0.0% debt)

Holdings (124)

New Positions (3)

XLB State Street Materials Select Sector SPDR ETF USD Class 2.6%

Value ($000) $73 Shares 1,604,016 Est. Cost $0.05 Unrealized —

EIDO iShares MSCI Indonesia ETF USD Class 0.3%

Value ($000) $8 Shares 447,355 Est. Cost $0.02 Unrealized —

FLCH Franklin FTSE China ETF 0.2%

Value ($000) $5 Shares 198,158 Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLB	State Street Materials Select Sector SPDR ETF USD Class	1,604,016	$73	2.6%	$0.05	—	COM	81369Y100
EIDO	iShares MSCI Indonesia ETF USD Class	447,355	$8	0.3%	$0.02	—	COM	46429B309
FLCH	Franklin FTSE China ETF	198,158	$5	0.2%	$0.02	—	COM	35473P819

Increased Positions (117)

XLV State Street Health Care Select Sector SPDR ETF USD Class 15.8%

Value ($000) $442 (+37.5%) Shares 2,858,277 (+23.6%) Est. Cost $13.12 Unrealized —

XLF State Street Financial Select Sector SPDR ETF USD Class 14.7%

Value ($000) $411 (+31.0%) Shares 7,511,470 (+28.8%) Est. Cost $0.05 Unrealized —

XLK State Street Technology Select Sector SPDR ETF USD Class 28.3%

Value ($000) $793 (+4.8%) Shares 5,506,430 (+105.1%) Est. Cost $9.05 Unrealized —

XLY State Street Consumer Discretionary Select Sector SPDR ETF 8.8%

Value ($000) $248 (+13.4%) Shares 2,079,334 (+127.5%) Est. Cost $0.16 Unrealized —

IDEV iShares Core MSCI International Developed Markets ETF 2.4%

Value ($000) $67 (+14.2%) Shares 809,383 (+11.0%) Est. Cost $0.07 Unrealized —

XLC State Street Communication Services Select Sector SPDR ETF 13.1%

Value ($000) $368 (+2.0%) Shares 3,124,023 (+2.6%) Est. Cost $0.10 Unrealized —

ITB iShares U.S. Home Construction ETF USD Class 2.2%

Value ($000) $62 (-7.9%) Shares 643,542 (+2.6%) Est. Cost $0.10 Unrealized —

SPEU State Street SPDR Portfolio Europe ETF 0.8%

Value ($000) $21 (+14.3%) Shares 403,872 (+9.2%) Est. Cost $0.04 Unrealized —

IEMG iShares Core MSCI Emerging Markets ETF USD Class 1.0%

Value ($000) $28 (+8.4%) Shares 418,908 (+6.3%) Est. Cost $0.06 Unrealized —

ORCL Oracle Corporation 0.2%

Value ($000) $5 (-30.0%) Shares 24,273 (+1.0%) Est. Cost $209.26 Unrealized +13.8%

MU Micron Technology Inc. 0.1%

Value ($000) $4 (+72.3%) Shares 12,528 (+1.0%) Est. Cost $110.59 Unrealized +107.4%

RBLX ROBLOX Corporation 0.1%

Value ($000) $2 (-40.9%) Shares 23,490 (+1.0%) Est. Cost $63.55 Unrealized +67.1%

COHR Coherent Corporation 0.1%

Value ($000) $3 (+73.1%) Shares 16,443 (+1.0%) Est. Cost $100.20 Unrealized +49.3%

NBIS Nebius Group N.V. 0.1%

Value ($000) $4 (-24.7%) Shares 46,197 (+1.0%) Est. Cost $69.78 Unrealized +48.5%

SE Sea Ltd. 0.1%

Value ($000) $3 (-27.9%) Shares 24,273 (+1.0%) Est. Cost $0.15 Unrealized —

VPL Vanguard FTSE Pacific ETF 0.3%

Value ($000) $9 (+14.3%) Shares 104,961 (+11.1%) Est. Cost $0.07 Unrealized —

FUBO fuboTV Inc. 0.1%

Value ($000) $2 (-38.7%) Shares 698,436 (+1.0%) Est. Cost $3.77 Unrealized -11.9%

CRWV CoreWeave Inc. 0.0%

Value ($000) $1 (-47.1%) Shares 17,226 (+1.0%) Est. Cost $118.13 Unrealized -14.2%

GH Guardant Health Inc. 0.1%

Value ($000) $3 (+65.2%) Shares 26,622 (+1.0%) Est. Cost $45.79 Unrealized +95.4%

SPEM SPDR Portfolio Emerging Markets ETF USD Class 0.4%

Value ($000) $12 (+9.2%) Shares 249,130 (+9.2%) Est. Cost $0.04 Unrealized —

ZS Zscaler Inc. 0.1%

Value ($000) $3 (-24.1%) Shares 12,527 (+1.0%) Est. Cost $245.28 Unrealized +15.1%

MARA MARA Holdings Inc. 0.0%

Value ($000) $1 (-50.3%) Shares 94,743 (+1.0%) Est. Cost $16.83 Unrealized -12.3%

GLXY Galaxy Digital Inc. 0.1%

Value ($000) $2 (-33.2%) Shares 71,253 (+1.0%) Est. Cost $27.01 Unrealized +14.7%

BBIO Bridgebio Pharma Inc. 0.1%

Value ($000) $2 (+48.8%) Shares 30,537 (+1.0%) Est. Cost $37.78 Unrealized +73.8%

KRYS Krystal Biotech Inc. 0.1%

Value ($000) $3 (+41.1%) Shares 10,179 (+1.0%) Est. Cost $168.07 Unrealized +25.2%

NTRA Natera Inc. 0.1%

Value ($000) $2 (+43.8%) Shares 9,396 (+1.0%) Est. Cost $159.87 Unrealized +30.5%

AVAV AeroVironment Inc. 0.1%

Value ($000) $2 (-22.4%) Shares 9,396 (+1.0%) Est. Cost $259.27 Unrealized +21.3%

GMED Globus Medical Inc. 0.1%

Value ($000) $2 (+54.1%) Shares 21,141 (+1.0%) Est. Cost $57.77 Unrealized +31.4%

NET Cloudflare Inc. 0.3%

Value ($000) $8 (-7.2%) Shares 42,281 (+1.0%) Est. Cost $162.15 Unrealized +30.5%

PGY Pagaya Technologies Ltd. 0.1%

Value ($000) $2 (-28.9%) Shares 72,036 (+1.0%) Est. Cost $32.23 Unrealized -21.0%

FLCA Franklin FTSE Canada ETF USD Class 0.2%

Value ($000) $4 (+16.1%) Shares 88,435 (+9.2%) Est. Cost $0.04 Unrealized —

TEM Tempus AI Inc. 0.1%

Value ($000) $2 (-26.1%) Shares 26,622 (+1.0%) Est. Cost $70.12 Unrealized +11.6%

ODD Oddity Tech Ltd. 0.0%

Value ($000) $1 (-34.8%) Shares 25,056 (+1.0%) Est. Cost $64.75 Unrealized -30.2%

SOUN SoundHound AI Inc. 0.0%

Value ($000) $1 (-37.3%) Shares 90,045 (+1.0%) Est. Cost $13.28 Unrealized +8.3%

QUBT Quantum Computing Inc. 0.0%

Value ($000) $1 (-43.7%) Shares 65,772 (+1.0%) Est. Cost $17.13 Unrealized -16.9%

ALAB Astera Labs Inc. 0.1%

Value ($000) $3 (-14.2%) Shares 18,792 (+1.0%) Est. Cost $73.21 Unrealized +128.5%

RGTI Rigetti Computing Inc. 0.1%

Value ($000) $1 (-24.9%) Shares 64,206 (+1.0%) Est. Cost $17.68 Unrealized +84.4%

CORZ Core Scientific Inc. 0.1%

Value ($000) $2 (-18.0%) Shares 147,204 (+1.0%) Est. Cost $12.29 Unrealized +41.9%

AMD Advanced Micro Devices Inc. 0.1%

Value ($000) $2 (+33.8%) Shares 8,613 (+1.0%) Est. Cost $112.31 Unrealized +100.0%

NOK Nokia OYJ 0.1%

Value ($000) $2 (+36.0%) Shares 269,352 (+1.0%) Est. Cost $0.00 Unrealized —

LRCX Lam Research Corporation 0.1%

Value ($000) $2 (+29.2%) Shares 11,745 (+1.0%) Est. Cost $106.03 Unrealized +46.5%

IONQ IonQ Inc. 0.0%

Value ($000) $1 (-26.3%) Shares 26,622 (+1.0%) Est. Cost $8.54 Unrealized +556.5%

INSM Insmed Inc. 0.1%

Value ($000) $2 (+22.1%) Shares 13,311 (+1.0%) Est. Cost $123.12 Unrealized +48.2%

VEEV Veeva Systems Inc. 0.0%

Value ($000) $1 (-24.3%) Shares 5,481 (+1.0%) Est. Cost $281.27 Unrealized -5.7%

WGS GeneDx Holdings Corporation 0.1%

Value ($000) $2 (+22.0%) Shares 15,660 (+1.0%) Est. Cost $109.24 Unrealized +25.6%

ARGX Argenx S.E. 0.1%

Value ($000) $3 (+15.2%) Shares 3,132 (+1.0%) Est. Cost $0.67 Unrealized —

XPEV XPeng Inc. 0.1%

Value ($000) $2 (-12.5%) Shares 115,101 (+1.0%) Est. Cost $0.02 Unrealized —

CRCL Circle Internet Group Inc. 0.0%

Value ($000) $0 (-39.5%) Shares 6,264 (+1.0%) Est. Cost $157.68 Unrealized -34.5%

VNET Vnet Group Inc. 0.1%

Value ($000) $2 (-17.2%) Shares 183,222 (+1.0%) Est. Cost $0.01 Unrealized —

RBRK Rubrik Inc. 0.2%

Value ($000) $5 (-6.1%) Shares 61,074 (+1.0%) Est. Cost $77.46 Unrealized -1.0%

TME Tencent Music Entertainment Group 0.0%

Value ($000) $1 (-24.1%) Shares 54,027 (+1.0%) Est. Cost $0.02 Unrealized —

CSGP CoStar Group Inc. 0.0%

Value ($000) $1 (-19.5%) Shares 17,226 (+1.0%) Est. Cost $88.19 Unrealized -19.7%

OUST Ouster Inc. 0.0%

Value ($000) $1 (-19.2%) Shares 54,810 (+1.0%) Est. Cost $27.87 Unrealized -5.2%

LEGN Legend Biotech Corporation 0.0%

Value ($000) $1 (-32.6%) Shares 26,622 (+1.0%) Est. Cost $0.03 Unrealized —

JD JD.com Inc. 0.0%

Value ($000) $1 (-17.1%) Shares 46,980 (+1.0%) Est. Cost $0.03 Unrealized —

HSAI Hesai Group 0.0%

Value ($000) $1 (-19.4%) Shares 50,112 (+1.0%) Est. Cost $0.01 Unrealized —

CVNA Carvana Company 0.1%

Value ($000) $2 (+13.0%) Shares 5,481 (+1.0%) Est. Cost $357.75 Unrealized +3.9%

AVGO Broadcom Inc. 0.2%

Value ($000) $4 (+6.0%) Shares 12,528 (+1.0%) Est. Cost $180.29 Unrealized +98.0%

GTLB Gitlab Inc. 0.0%

Value ($000) $1 (-15.8%) Shares 33,669 (+1.0%) Est. Cost $52.32 Unrealized -17.3%

MELI MercadoLibre Inc. 0.1%

Value ($000) $2 (-12.9%) Shares 783 (+1.0%) Est. Cost $2397.39 Unrealized -12.4%

FLUT Flutter Entertainment plc 0.0%

Value ($000) $1 (-14.5%) Shares 6,264 (+1.0%) Est. Cost $291.99 Unrealized -23.0%

RELY Remitly Global Inc. 0.0%

Value ($000) $1 (-14.5%) Shares 96,309 (+1.0%) Est. Cost $17.91 Unrealized -18.9%

SHOP Shopify Inc. 0.1%

Value ($000) $3 (+9.5%) Shares 15,660 (+1.0%) Est. Cost $122.06 Unrealized +31.5%

CRSP CRISPR Therapeutics A.G. 0.0%

Value ($000) $1 (-18.3%) Shares 18,009 (+1.0%) Est. Cost $48.16 Unrealized +24.4%

NFLX Netflix Inc. 0.0%

Value ($000) $1 (-22.4%) Shares 7,695 (+892.9%) Est. Cost $109.24 Unrealized -1.3%

GLBE Global-e Online Ltd. 0.1%

Value ($000) $2 (+11.0%) Shares 52,461 (+1.0%) Est. Cost $34.75 Unrealized +6.7%

GENI Genius Sports Ltd. 0.1%

Value ($000) $2 (-10.1%) Shares 163,647 (+1.0%) Est. Cost $7.89 Unrealized +38.3%

S SentinelOne Inc. 0.0%

Value ($000) $1 (-14.0%) Shares 82,215 (+1.0%) Est. Cost $20.03 Unrealized -18.3%

HUYA HUYA Inc. 0.0%

Value ($000) $1 (-12.6%) Shares 460,404 (+1.0%) Est. Cost $0.00 Unrealized —

SERV Serve Robotics Inc. 0.1%

Value ($000) $2 (-9.8%) Shares 166,779 (+1.0%) Est. Cost $11.61 Unrealized +3.4%

AMBA Ambarella Inc. 0.0%

Value ($000) $1 (-13.3%) Shares 17,226 (+1.0%) Est. Cost $72.70 Unrealized +11.1%

GWRE Guidewire Software Inc. 0.1%

Value ($000) $1 (-11.6%) Shares 7,047 (+1.0%) Est. Cost $194.98 Unrealized +13.4%

ASND Ascendis Pharma A/S 0.1%

Value ($000) $2 (+8.4%) Shares 10,962 (+1.0%) Est. Cost $0.17 Unrealized —

SPOT Spotify Technology S.A. 0.0%

Value ($000) $1 (-16.0%) Shares 1,566 (+1.0%) Est. Cost $698.48 Unrealized -10.5%

SAIL SailPoint Inc. 0.1%

Value ($000) $2 (-7.4%) Shares 102,573 (+1.0%) Est. Cost $20.94 Unrealized -0.5%

MSFT Microsoft Corporation 0.1%

Value ($000) $3 (-5.7%) Shares 5,481 (+1.0%) Est. Cost $425.84 Unrealized +17.6%

UPST Upstart Holdings Inc. 0.0%

Value ($000) $1 (-13.0%) Shares 23,490 (+1.0%) Est. Cost $61.79 Unrealized -25.5%

— CyberArk Software Ltd. 0.1%

Value ($000) $2 (-6.7%) Shares 4,698 (+1.0%) Est. Cost $0.39 Unrealized —

ACVA ACV Auctions Inc. 0.0%

Value ($000) $1 (-18.2%) Shares 82,215 (+1.0%) Est. Cost $15.39 Unrealized -47.5%

VTEX VTEX 0.0%

Value ($000) $1 (-13.3%) Shares 227,853 (+1.0%) Est. Cost $5.05 Unrealized -18.8%

CRWD Crowdstrike Holdings Inc. 0.1%

Value ($000) $4 (-3.4%) Shares 7,829 (+1.0%) Est. Cost $428.04 Unrealized +19.0%

WRD WeRide Inc. 0.0%

Value ($000) $1 (-11.4%) Shares 107,271 (+1.0%) Est. Cost $0.01 Unrealized —

QBTS D-Wave Quantum Inc. 0.1%

Value ($000) $2 (+6.9%) Shares 69,687 (+1.0%) Est. Cost $7.03 Unrealized +314.5%

CSCO Cisco Systems Inc. 0.0%

Value ($000) $1 (+13.8%) Shares 12,528 (+1.0%) Est. Cost $67.45 Unrealized +9.4%

APP AppLovin Corporation 0.1%

Value ($000) $2 (-5.3%) Shares 3,132 (+1.0%) Est. Cost $100.52 Unrealized +526.9%

PODD Insulet Corporation 0.1%

Value ($000) $2 (-7.0%) Shares 5,481 (+1.0%) Est. Cost $313.31 Unrealized -0.2%

PRCT PROCEPT BioRobotics Corporation 0.0%

Value ($000) $1 (-10.9%) Shares 29,754 (+1.0%) Est. Cost $55.44 Unrealized -40.2%

RUM Rumble Inc. 0.0%

Value ($000) $1 (-11.8%) Shares 135,459 (+1.0%) Est. Cost $8.16 Unrealized -16.0%

SGHC Super Group SGHC Ltd. 0.0%

Value ($000) $1 (-8.5%) Shares 100,224 (+1.0%) Est. Cost $11.77 Unrealized +2.1%

ADI Analog Devices Inc. 0.0%

Value ($000) $1 (+11.6%) Shares 3,915 (+1.0%) Est. Cost $239.07 Unrealized +4.8%

SEZL Sezzle Inc. 0.0%

Value ($000) $0 (-19.5%) Shares 7,046 (+1.0%) Est. Cost $114.31 Unrealized -40.4%

ASML ASML Holding N.V. 0.0%

Value ($000) $1 (+11.7%) Shares 783 (+1.0%) Est. Cost $0.97 Unrealized —

NU NU Holdings Ltd./Cayman Islands 0.1%

Value ($000) $2 (+5.6%) Shares 97,092 (+1.0%) Est. Cost $13.97 Unrealized +15.0%

ZBH Zimmer Biomet Holdings Inc. 0.0%

Value ($000) $1 (-7.8%) Shares 10,962 (+1.0%) Est. Cost $98.55 Unrealized -4.0%

JBTM JBT Marel Corporation 0.0%

Value ($000) $1 (+8.4%) Shares 7,047 (+1.0%) Est. Cost $136.55 Unrealized +3.2%

GEN Gen Digital Inc. 0.1%

Value ($000) $2 (-3.2%) Shares 83,781 (+1.0%) Est. Cost $28.44 Unrealized -5.6%

NVDA NVIDIA Corporation 0.3%

Value ($000) $8 (+1.0%) Shares 40,716 (+1.0%) Est. Cost $118.90 Unrealized +56.6%

SNOW Snowflake Inc. Common Stock 0.1%

Value ($000) $4 (-1.7%) Shares 18,792 (+1.0%) Est. Cost $174.80 Unrealized +39.6%

DKNG DraftKings Inc. 0.0%

Value ($000) $1 (-6.9%) Shares 28,188 (+1.0%) Est. Cost $37.63 Unrealized -12.6%

KSPI Kaspi.KZ JSC 0.1%

Value ($000) $2 (-3.4%) Shares 25,056 (+1.0%) Est. Cost $0.09 Unrealized —

DDOG Datadog Inc. 0.1%

Value ($000) $2 (-3.5%) Shares 11,745 (+1.0%) Est. Cost $131.29 Unrealized +20.4%

PEGA Pegasystems Inc. 0.0%

Value ($000) $1 (+4.9%) Shares 19,575 (+1.0%) Est. Cost $55.14 Unrealized +6.2%

ATS ATS Corporation 0.0%

Value ($000) $1 (+6.1%) Shares 29,754 (+1.0%) Est. Cost $28.79 Unrealized -7.2%

TCOM Trip.com Group Ltd. 0.0%

Value ($000) $1 (-3.4%) Shares 18,009 (+1.0%) Est. Cost $0.08 Unrealized —

IBM International Business Machines Corporation 0.0%

Value ($000) $1 (+6.1%) Shares 2,349 (+1.0%) Est. Cost $259.95 Unrealized +14.9%

EBAY eBay Inc. 0.0%

Value ($000) $1 (-3.3%) Shares 13,311 (+1.0%) Est. Cost $87.94 Unrealized -1.8%

INTU Intuit Inc. 0.1%

Value ($000) $2 (-2.0%) Shares 2,349 (+1.0%) Est. Cost $718.84 Unrealized -8.1%

PLTR Palantir Technologies Inc. 0.1%

Value ($000) $2 (-1.6%) Shares 10,179 (+1.0%) Est. Cost $89.25 Unrealized +102.8%

NBIX Neurocrine Biosciences Inc. 0.0%

Value ($000) $1 (+2.1%) Shares 7,830 (+1.0%) Est. Cost $135.59 Unrealized +6.8%

DE Deere & Company 0.0%

Value ($000) $1 (+2.8%) Shares 1,566 (+1.0%) Est. Cost $489.41 Unrealized -4.4%

SMMNY Siemens Healthineers A.G. 0.0%

Value ($000) $1 (-2.1%) Shares 34,452 (+1.0%) Est. Cost $0.03 Unrealized —

TOST Toast Inc. 0.0%

Value ($000) $1 (-1.7%) Shares 28,971 (+1.0%) Est. Cost $43.34 Unrealized -16.8%

EMR Emerson Electric Company 0.0%

Value ($000) $1 (+2.3%) Shares 4,698 (+1.0%) Est. Cost $135.44 Unrealized -2.3%

CRDO Credo Technology Group Holding Ltd. 0.1%

Value ($000) $3 (-0.2%) Shares 22,707 (+1.0%) Est. Cost $91.57 Unrealized +67.9%

SOFI SoFi Technologies Inc. 0.1%

Value ($000) $2 (+0.1%) Shares 94,743 (+1.0%) Est. Cost $23.77 Unrealized +17.2%

TTWO Take-Two Interactive Software Inc. 0.1%

Value ($000) $2 (+0.1%) Shares 8,613 (+1.0%) Est. Cost $177.96 Unrealized +40.1%

DLO Dlocal Ltd./Uruguay 0.1%

Value ($000) $3 (+0.0%) Shares 179,307 (+1.0%) Est. Cost $9.39 Unrealized +50.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XLV	State Street Health Care Select Sector SPDR ETF USD Class	2,858,277 (+23.6%)	$442 (+37.5%)	15.8%	$13.12	—	COM	81369Y209
XLF	State Street Financial Select Sector SPDR ETF USD Class	7,511,470 (+28.8%)	$411 (+31.0%)	14.7%	$0.05	—	COM	81369Y605
XLK	State Street Technology Select Sector SPDR ETF USD Class	5,506,430 (+105.1%)	$793 (+4.8%)	28.3%	$9.05	—	COM	81369Y803
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	2,079,334 (+127.5%)	$248 (+13.4%)	8.8%	$0.16	—	COM	81369Y407
IDEV	iShares Core MSCI International Developed Markets ETF	809,383 (+11.0%)	$67 (+14.2%)	2.4%	$0.07	—	COM	46435G326
XLC	State Street Communication Services Select Sector SPDR ETF	3,124,023 (+2.6%)	$368 (+2.0%)	13.1%	$0.10	—	COM	81369Y852
ITB	iShares U.S. Home Construction ETF USD Class	643,542 (+2.6%)	$62 (-7.9%)	2.2%	$0.10	—	COM	464288752
SPEU	State Street SPDR Portfolio Europe ETF	403,872 (+9.2%)	$21 (+14.3%)	0.8%	$0.04	—	COM	78463X103
IEMG	iShares Core MSCI Emerging Markets ETF USD Class	418,908 (+6.3%)	$28 (+8.4%)	1.0%	$0.06	—	COM	46434G103
ORCL	Oracle Corporation	24,273 (+1.0%)	$5 (-30.0%)	0.2%	$209.26	+13.8%	COM	68389X105
MU	Micron Technology Inc.	12,528 (+1.0%)	$4 (+72.3%)	0.1%	$110.59	+107.4%	COM	595112103
RBLX	ROBLOX Corporation	23,490 (+1.0%)	$2 (-40.9%)	0.1%	$63.55	+67.1%	COM	771049103
COHR	Coherent Corporation	16,443 (+1.0%)	$3 (+73.1%)	0.1%	$100.20	+49.3%	COM	19247G107
NBIS	Nebius Group N.V.	46,197 (+1.0%)	$4 (-24.7%)	0.1%	$69.78	+48.5%	COM	N97284108
SE	Sea Ltd.	24,273 (+1.0%)	$3 (-27.9%)	0.1%	$0.15	—	COM	81141R100
VPL	Vanguard FTSE Pacific ETF	104,961 (+11.1%)	$9 (+14.3%)	0.3%	$0.07	—	COM	922042866
FUBO	fuboTV Inc.	698,436 (+1.0%)	$2 (-38.7%)	0.1%	$3.77	-11.9%	COM	35953D104
CRWV	CoreWeave Inc.	17,226 (+1.0%)	$1 (-47.1%)	0.0%	$118.13	-14.2%	COM	21873S108
GH	Guardant Health Inc.	26,622 (+1.0%)	$3 (+65.2%)	0.1%	$45.79	+95.4%	COM	40131M109
SPEM	SPDR Portfolio Emerging Markets ETF USD Class	249,130 (+9.2%)	$12 (+9.2%)	0.4%	$0.04	—	COM	78463X509
ZS	Zscaler Inc.	12,527 (+1.0%)	$3 (-24.1%)	0.1%	$245.28	+15.1%	COM	98980G102
MARA	MARA Holdings Inc.	94,743 (+1.0%)	$1 (-50.3%)	0.0%	$16.83	-12.3%	COM	565788106
GLXY	Galaxy Digital Inc.	71,253 (+1.0%)	$2 (-33.2%)	0.1%	$27.01	+14.7%	COM	36317J209
BBIO	Bridgebio Pharma Inc.	30,537 (+1.0%)	$2 (+48.8%)	0.1%	$37.78	+73.8%	COM	10806X102
KRYS	Krystal Biotech Inc.	10,179 (+1.0%)	$3 (+41.1%)	0.1%	$168.07	+25.2%	COM	501147102
NTRA	Natera Inc.	9,396 (+1.0%)	$2 (+43.8%)	0.1%	$159.87	+30.5%	COM	632307104
AVAV	AeroVironment Inc.	9,396 (+1.0%)	$2 (-22.4%)	0.1%	$259.27	+21.3%	COM	008073108
GMED	Globus Medical Inc.	21,141 (+1.0%)	$2 (+54.1%)	0.1%	$57.77	+31.4%	COM	379577208
NET	Cloudflare Inc.	42,281 (+1.0%)	$8 (-7.2%)	0.3%	$162.15	+30.5%	COM	18915M107
PGY	Pagaya Technologies Ltd.	72,036 (+1.0%)	$2 (-28.9%)	0.1%	$32.23	-21.0%	COM	M7S64L123
FLCA	Franklin FTSE Canada ETF USD Class	88,435 (+9.2%)	$4 (+16.1%)	0.2%	$0.04	—	COM	35473P827
TEM	Tempus AI Inc.	26,622 (+1.0%)	$2 (-26.1%)	0.1%	$70.12	+11.6%	COM	88023B103
ODD	Oddity Tech Ltd.	25,056 (+1.0%)	$1 (-34.8%)	0.0%	$64.75	-30.2%	COM	M7518J104
SOUN	SoundHound AI Inc.	90,045 (+1.0%)	$1 (-37.3%)	0.0%	$13.28	+8.3%	COM	836100107
QUBT	Quantum Computing Inc.	65,772 (+1.0%)	$1 (-43.7%)	0.0%	$17.13	-16.9%	COM	74766W108
ALAB	Astera Labs Inc.	18,792 (+1.0%)	$3 (-14.2%)	0.1%	$73.21	+128.5%	COM	04626A103
RGTI	Rigetti Computing Inc.	64,206 (+1.0%)	$1 (-24.9%)	0.1%	$17.68	+84.4%	COM	76655K103
CORZ	Core Scientific Inc.	147,204 (+1.0%)	$2 (-18.0%)	0.1%	$12.29	+41.9%	COM	21874A106
AMD	Advanced Micro Devices Inc.	8,613 (+1.0%)	$2 (+33.8%)	0.1%	$112.31	+100.0%	COM	007903107
NOK	Nokia OYJ	269,352 (+1.0%)	$2 (+36.0%)	0.1%	$0.00	—	COM	654902204
LRCX	Lam Research Corporation	11,745 (+1.0%)	$2 (+29.2%)	0.1%	$106.03	+46.5%	COM	512807306
IONQ	IonQ Inc.	26,622 (+1.0%)	$1 (-26.3%)	0.0%	$8.54	+556.5%	COM	46222L108
INSM	Insmed Inc.	13,311 (+1.0%)	$2 (+22.1%)	0.1%	$123.12	+48.2%	COM	457669307
VEEV	Veeva Systems Inc.	5,481 (+1.0%)	$1 (-24.3%)	0.0%	$281.27	-5.7%	COM	922475108
WGS	GeneDx Holdings Corporation	15,660 (+1.0%)	$2 (+22.0%)	0.1%	$109.24	+25.6%	COM	81663L200
ARGX	Argenx S.E.	3,132 (+1.0%)	$3 (+15.2%)	0.1%	$0.67	—	COM	04016X101
XPEV	XPeng Inc.	115,101 (+1.0%)	$2 (-12.5%)	0.1%	$0.02	—	COM	98422D105
CRCL	Circle Internet Group Inc.	6,264 (+1.0%)	$0 (-39.5%)	0.0%	$157.68	-34.5%	COM	172573107
VNET	Vnet Group Inc.	183,222 (+1.0%)	$2 (-17.2%)	0.1%	$0.01	—	COM	90138A103
RBRK	Rubrik Inc.	61,074 (+1.0%)	$5 (-6.1%)	0.2%	$77.46	-1.0%	COM	781154109
TME	Tencent Music Entertainment Group	54,027 (+1.0%)	$1 (-24.1%)	0.0%	$0.02	—	COM	88034P109
CSGP	CoStar Group Inc.	17,226 (+1.0%)	$1 (-19.5%)	0.0%	$88.19	-19.7%	COM	22160N109
OUST	Ouster Inc.	54,810 (+1.0%)	$1 (-19.2%)	0.0%	$27.87	-5.2%	COM	68989M202
LEGN	Legend Biotech Corporation	26,622 (+1.0%)	$1 (-32.6%)	0.0%	$0.03	—	COM	52490G102
JD	JD.com Inc.	46,980 (+1.0%)	$1 (-17.1%)	0.0%	$0.03	—	COM	47215P106
HSAI	Hesai Group	50,112 (+1.0%)	$1 (-19.4%)	0.0%	$0.01	—	COM	428050108
CVNA	Carvana Company	5,481 (+1.0%)	$2 (+13.0%)	0.1%	$357.75	+3.9%	COM	146869102
AVGO	Broadcom Inc.	12,528 (+1.0%)	$4 (+6.0%)	0.2%	$180.29	+98.0%	COM	11135F101
GTLB	Gitlab Inc.	33,669 (+1.0%)	$1 (-15.8%)	0.0%	$52.32	-17.3%	COM	37637K108
MELI	MercadoLibre Inc.	783 (+1.0%)	$2 (-12.9%)	0.1%	$2397.39	-12.4%	COM	58733R102
FLUT	Flutter Entertainment plc	6,264 (+1.0%)	$1 (-14.5%)	0.0%	$291.99	-23.0%	COM	G3643J108
RELY	Remitly Global Inc.	96,309 (+1.0%)	$1 (-14.5%)	0.0%	$17.91	-18.9%	COM	75960P104
SHOP	Shopify Inc.	15,660 (+1.0%)	$3 (+9.5%)	0.1%	$122.06	+31.5%	COM	82509L107
CRSP	CRISPR Therapeutics A.G.	18,009 (+1.0%)	$1 (-18.3%)	0.0%	$48.16	+24.4%	COM	H17182108
NFLX	Netflix Inc.	7,695 (+892.9%)	$1 (-22.4%)	0.0%	$109.24	-1.3%	COM	64110L106
GLBE	Global-e Online Ltd.	52,461 (+1.0%)	$2 (+11.0%)	0.1%	$34.75	+6.7%	COM	M5216V106
GENI	Genius Sports Ltd.	163,647 (+1.0%)	$2 (-10.1%)	0.1%	$7.89	+38.3%	COM	G3934V109
S	SentinelOne Inc.	82,215 (+1.0%)	$1 (-14.0%)	0.0%	$20.03	-18.3%	COM	81730H109
HUYA	HUYA Inc.	460,404 (+1.0%)	$1 (-12.6%)	0.0%	$0.00	—	COM	44852D108
SERV	Serve Robotics Inc.	166,779 (+1.0%)	$2 (-9.8%)	0.1%	$11.61	+3.4%	COM	81758H106
AMBA	Ambarella Inc.	17,226 (+1.0%)	$1 (-13.3%)	0.0%	$72.70	+11.1%	COM	G037AX101
GWRE	Guidewire Software Inc.	7,047 (+1.0%)	$1 (-11.6%)	0.1%	$194.98	+13.4%	COM	40171V100
ASND	Ascendis Pharma A/S	10,962 (+1.0%)	$2 (+8.4%)	0.1%	$0.17	—	COM	04351P101
SPOT	Spotify Technology S.A.	1,566 (+1.0%)	$1 (-16.0%)	0.0%	$698.48	-10.5%	COM	L8681T102
SAIL	SailPoint Inc.	102,573 (+1.0%)	$2 (-7.4%)	0.1%	$20.94	-0.5%	COM	78781J109
MSFT	Microsoft Corporation	5,481 (+1.0%)	$3 (-5.7%)	0.1%	$425.84	+17.6%	COM	594918104
UPST	Upstart Holdings Inc.	23,490 (+1.0%)	$1 (-13.0%)	0.0%	$61.79	-25.5%	COM	91680M107
—	CyberArk Software Ltd.	4,698 (+1.0%)	$2 (-6.7%)	0.1%	$0.39	—	COM	M2682V108
ACVA	ACV Auctions Inc.	82,215 (+1.0%)	$1 (-18.2%)	0.0%	$15.39	-47.5%	COM	00091G104
VTEX	VTEX	227,853 (+1.0%)	$1 (-13.3%)	0.0%	$5.05	-18.8%	COM	G9470A102
CRWD	Crowdstrike Holdings Inc.	7,829 (+1.0%)	$4 (-3.4%)	0.1%	$428.04	+19.0%	COM	22788C105
WRD	WeRide Inc.	107,271 (+1.0%)	$1 (-11.4%)	0.0%	$0.01	—	COM	950915108
QBTS	D-Wave Quantum Inc.	69,687 (+1.0%)	$2 (+6.9%)	0.1%	$7.03	+314.5%	COM	26740W109
CSCO	Cisco Systems Inc.	12,528 (+1.0%)	$1 (+13.8%)	0.0%	$67.45	+9.4%	COM	17275R102
APP	AppLovin Corporation	3,132 (+1.0%)	$2 (-5.3%)	0.1%	$100.52	+526.9%	COM	03831W108
PODD	Insulet Corporation	5,481 (+1.0%)	$2 (-7.0%)	0.1%	$313.31	-0.2%	COM	45784P101
PRCT	PROCEPT BioRobotics Corporation	29,754 (+1.0%)	$1 (-10.9%)	0.0%	$55.44	-40.2%	COM	74276L105
RUM	Rumble Inc.	135,459 (+1.0%)	$1 (-11.8%)	0.0%	$8.16	-16.0%	COM	78137L105
SGHC	Super Group SGHC Ltd.	100,224 (+1.0%)	$1 (-8.5%)	0.0%	$11.77	+2.1%	COM	G8588X103
ADI	Analog Devices Inc.	3,915 (+1.0%)	$1 (+11.6%)	0.0%	$239.07	+4.8%	COM	032654105
SEZL	Sezzle Inc.	7,046 (+1.0%)	$0 (-19.5%)	0.0%	$114.31	-40.4%	COM	78435P105
ASML	ASML Holding N.V.	783 (+1.0%)	$1 (+11.7%)	0.0%	$0.97	—	COM	N07059210
NU	NU Holdings Ltd./Cayman Islands	97,092 (+1.0%)	$2 (+5.6%)	0.1%	$13.97	+15.0%	COM	G6683N103
ZBH	Zimmer Biomet Holdings Inc.	10,962 (+1.0%)	$1 (-7.8%)	0.0%	$98.55	-4.0%	COM	98956P102
JBTM	JBT Marel Corporation	7,047 (+1.0%)	$1 (+8.4%)	0.0%	$136.55	+3.2%	COM	477839104
GEN	Gen Digital Inc.	83,781 (+1.0%)	$2 (-3.2%)	0.1%	$28.44	-5.6%	COM	668771108
NVDA	NVIDIA Corporation	40,716 (+1.0%)	$8 (+1.0%)	0.3%	$118.90	+56.6%	COM	67066G104
SNOW	Snowflake Inc. Common Stock	18,792 (+1.0%)	$4 (-1.7%)	0.1%	$174.80	+39.6%	COM	833445109
DKNG	DraftKings Inc.	28,188 (+1.0%)	$1 (-6.9%)	0.0%	$37.63	-12.6%	COM	26142V105
KSPI	Kaspi.KZ JSC	25,056 (+1.0%)	$2 (-3.4%)	0.1%	$0.09	—	COM	48581R205
DDOG	Datadog Inc.	11,745 (+1.0%)	$2 (-3.5%)	0.1%	$131.29	+20.4%	COM	23804L103
PEGA	Pegasystems Inc.	19,575 (+1.0%)	$1 (+4.9%)	0.0%	$55.14	+6.2%	COM	705573103
ATS	ATS Corporation	29,754 (+1.0%)	$1 (+6.1%)	0.0%	$28.79	-7.2%	COM	00217Y104
TCOM	Trip.com Group Ltd.	18,009 (+1.0%)	$1 (-3.4%)	0.0%	$0.08	—	COM	89677Q107
IBM	International Business Machines Corporation	2,349 (+1.0%)	$1 (+6.1%)	0.0%	$259.95	+14.9%	COM	459200101
EBAY	eBay Inc.	13,311 (+1.0%)	$1 (-3.3%)	0.0%	$87.94	-1.8%	COM	278642103
INTU	Intuit Inc.	2,349 (+1.0%)	$2 (-2.0%)	0.1%	$718.84	-8.1%	COM	461202103
PLTR	Palantir Technologies Inc.	10,179 (+1.0%)	$2 (-1.6%)	0.1%	$89.25	+102.8%	COM	69608A108
NBIX	Neurocrine Biosciences Inc.	7,830 (+1.0%)	$1 (+2.1%)	0.0%	$135.59	+6.8%	COM	64125C109
DE	Deere & Company	1,566 (+1.0%)	$1 (+2.8%)	0.0%	$489.41	-4.4%	COM	244199105
SMMNY	Siemens Healthineers A.G.	34,452 (+1.0%)	$1 (-2.1%)	0.0%	$0.03	—	COM	82622J104
TOST	Toast Inc.	28,971 (+1.0%)	$1 (-1.7%)	0.0%	$43.34	-16.8%	COM	888787108
EMR	Emerson Electric Company	4,698 (+1.0%)	$1 (+2.3%)	0.0%	$135.44	-2.3%	COM	291011104
CRDO	Credo Technology Group Holding Ltd.	22,707 (+1.0%)	$3 (-0.2%)	0.1%	$91.57	+67.9%	COM	G25457105
SOFI	SoFi Technologies Inc.	94,743 (+1.0%)	$2 (+0.1%)	0.1%	$23.77	+17.2%	COM	83406F102
TTWO	Take-Two Interactive Software Inc.	8,613 (+1.0%)	$2 (+0.1%)	0.1%	$177.96	+40.1%	COM	874054109
DLO	Dlocal Ltd./Uruguay	179,307 (+1.0%)	$3 (+0.0%)	0.1%	$9.39	+50.3%	COM	G29018101

Exited Positions (1)

FLMX Franklin FTSE Mexico ETF 0.3%

Value ($000) $9 Shares 260,076 Est. Cost $0.03 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FLMX	Franklin FTSE Mexico ETF	260,076	$9	0.3%	$0.03	—	—	35473P736

Decreased Positions (4)

SMH VanEck Semiconductor ETF USD Class 0.9%

Value ($000) $24 (-83.3%) Shares 67,846 (-84.8%) Est. Cost $4.95 Unrealized —

IGV iShares Expanded Tech-Software Sector ETF USD Class 0.8%

Value ($000) $24 (-82.6%) Shares 225,576 (-81.0%) Est. Cost $0.11 Unrealized —

TRIXX State Street Sweep 0.0%

Value ($000) $1 (-96.6%) Shares 647,502 (-96.6%) Est. Cost $0.00 Unrealized —

KWEB KraneShares CSI China Internet ETF 0.4%

Value ($000) $10 (-35.6%) Shares 295,593 (-20.5%) Est. Cost $0.04 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SMH	VanEck Semiconductor ETF USD Class	67,846 (-84.8%)	$24 (-83.3%)	0.9%	$4.95	—	COM	92189F676
IGV	iShares Expanded Tech-Software Sector ETF USD Class	225,576 (-81.0%)	$24 (-82.6%)	0.8%	$0.11	—	COM	464287515
TRIXX	State Street Sweep	647,502 (-96.6%)	$1 (-96.6%)	0.0%	$0.00	—	COM	857492888
KWEB	KraneShares CSI China Internet ETF	295,593 (-20.5%)	$10 (-35.6%)	0.4%	$0.04	—	COM	500767306