SYCOMORE ASSET MANAGEMENT Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PGR	PROGRESSIVE US	51,770	$13	2.2%	$212.34	0.0%	PROGRESSIVE US	743315103
—	CYBERARK	44,312	$13	2.1%	$0.29	—	CYBERARK	M2682V108
MDB	MONGO DB	41,780	$11	1.9%	$363.83	0.0%	MONGO DB	60937P106
INTU	INTUIT INC	16,846	$11	1.8%	$660.69	0.0%	INTUIT INC	461202103
ADI	ANALOG DEVICES	44,251	$10	1.6%	$250.62	0.0%	ANALOG DEVICES	032654105
PCOR	PROCORE TECHNOLOGY	155,373	$10	1.6%	$73.96	0.0%	PROCORE TECHNOLOGY	74275K108
ISRG	INTUITIVE SURGICAL	18,945	$9	1.5%	$532.37	0.0%	INTUITIVE SURGICAL	46120E602
VRT	VERTIV HOLDINGS	76,651	$8	1.3%	$173.58	0.0%	VERTIV HOLDINGS	92537N108
AYI	ACUITY BRANDS INC	7,669	$2	0.3%	$361.21	0.0%	ACUITY BRANDS INC	00508Y102
TTE	TOTAL ENERGIES	12,710	$1	0.2%	$63.23	0.0%	TOTAL ENERGIES	F92124100

Exited Positions (8)

NVDA NVIDIA 7.8%

Value ($000) $47 Shares 380,389 Est. Cost $99.67 Unrealized +86.8%

SYK STRYKER CORP 2.8%

Value ($000) $17 Shares 47,578 Est. Cost $330.36 Unrealized +10.0%

CLH CLEAN HARBORS 1.3%

Value ($000) $8 Shares 31,437 Est. Cost $191.99 Unrealized +19.0%

AMAT APPLIED MATERIAL 0.8%

Value ($000) $5 Shares 22,252 Est. Cost $180.78 Unrealized +32.5%

XYL XYLEM 0.6%

Value ($000) $3 Shares 25,939 Est. Cost $138.06 Unrealized +4.0%

— QIAGEN N.V. 0.6%

Value ($000) $3 Shares 64,024 Est. Cost $0.05 Unrealized —

CSL CARLISLE COS INC 0.2%

Value ($000) $1 Shares 3,000 Est. Cost $429.23 Unrealized -24.8%

WFG WEST FRASER 0.1%

Value ($000) $1 Shares 6,500 Est. Cost $93.71 Unrealized -33.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA	380,389	$47	7.8%	$99.67	+86.8%	—	67066G104
SYK	STRYKER CORP	47,578	$17	2.8%	$330.36	+10.0%	—	863667101
CLH	CLEAN HARBORS	31,437	$8	1.3%	$191.99	+19.0%	—	184496107
AMAT	APPLIED MATERIAL	22,252	$5	0.8%	$180.78	+32.5%	—	038222105
XYL	XYLEM	25,939	$3	0.6%	$138.06	+4.0%	—	98419M100
—	QIAGEN N.V.	64,024	$3	0.6%	$0.05	—	—	N72482206
CSL	CARLISLE COS INC	3,000	$1	0.2%	$429.23	-24.8%	—	142339100
WFG	WEST FRASER	6,500	$1	0.1%	$93.71	-33.2%	—	952845105

Unchanged Positions (55)

ALC ALCON INC 2.4%

Value ($000) $15 Shares 133,220 Est. Cost $80.34 Unrealized -4.2%

STLA STELLANTIS NV 3.1%

Value ($000) $19 Shares 1,110,051 Est. Cost $1.14 Unrealized —

RACE FERRARI NV 2.0%

Value ($000) $12 Shares 23,649 Est. Cost $448.42 Unrealized -10.8%

DLR DIGITAL REALTY 0.625 2031 0.1%

Value ($000) $0 Shares 500,000 Est. Cost $146.88 Unrealized +11.1%

PANW PALO ALTO 1.0%

Value ($000) $6 Shares 17,365 Est. Cost $141.62 Unrealized +42.5%

ALAB ASTERA LABS INC 0.2%

Value ($000) $1 Shares 17,231 Est. Cost $62.23 Unrealized +168.8%

SNPS SYNOPSYS 1.8%

Value ($000) $11 Shares 21,054 Est. Cost $448.65 Unrealized -1.0%

PWR QUANTA SERVICES 1.0%

Value ($000) $6 Shares 19,455 Est. Cost $170.96 Unrealized +156.9%

RUN CALL RUN 1/17/25 C17.5 0.0%

Value ($000) $0 Shares 1,600 Est. Cost $13.39 Unrealized +43.2%

DAR DARLING INGREDIENTS 0.8%

Value ($000) $5 Shares 130,096 Est. Cost $38.75 Unrealized -12.6%

DDOG DATADOG 0.1%

Value ($000) $1 Shares 6,700 Est. Cost $146.28 Unrealized +8.0%

DUOL DUOLINGO 1.3%

Value ($000) $8 Shares 28,184 Est. Cost $155.77 Unrealized +51.3%

VEEV VEEVA 1.4%

Value ($000) $8 Shares 40,273 Est. Cost $198.49 Unrealized +33.7%

CRWD CROWDSTRIKE 0.5%

Value ($000) $3 Shares 10,854 Est. Cost $284.07 Unrealized +79.3%

AMD ADVANCED MICRO DEVICES 1.9%

Value ($000) $11 Shares 67,942 Est. Cost $161.38 Unrealized +39.2%

TMO THERMO FISHER 2.4%

Value ($000) $14 Shares 23,318 Est. Cost $540.60 Unrealized +4.5%

AWK AMERICAN WATER WORKS 0.6%

Value ($000) $3 Shares 23,553 Est. Cost $137.72 Unrealized -3.3%

MU MICRON TECHNOLOGY INC 2.8%

Value ($000) $17 Shares 155,733 Est. Cost $93.55 Unrealized +145.2%

NEE NEXTERA ENERGY 0.6%

Value ($000) $4 Shares 42,889 Est. Cost $67.86 Unrealized +21.6%

RSG REPUBLIC SERVICES 0.5%

Value ($000) $3 Shares 13,884 Est. Cost $146.31 Unrealized +46.7%

CQQQ INVESCO CHINA TECHNOLOGY ETF 0.0%

Value ($000) $0 Shares 6,100 Est. Cost $0.04 Unrealized —

MTZ MASTEC 0.5%

Value ($000) $3 Shares 22,437 Est. Cost $79.49 Unrealized +164.0%

ETN EATON CORP 2.4%

Value ($000) $15 Shares 44,428 Est. Cost $215.22 Unrealized +64.7%

TMUS T-MOBILE US 2.6%

Value ($000) $16 Shares 78,614 Est. Cost $172.92 Unrealized +22.2%

LLY ELI LILLY 3.0%

Value ($000) $18 Shares 20,238 Est. Cost $744.35 Unrealized +28.4%

SNOW SNOWFLAKE 1.2%

Value ($000) $7 Shares 63,637 Est. Cost $125.12 Unrealized +95.1%

ON ON SEMICONDUCTOR CORP 0.5%

Value ($000) $3 Shares 44,450 Est. Cost $75.93 Unrealized -32.4%

TAN INVESCO SOLAR ETF 0.0%

Value ($000) $0 Shares 6,500 Est. Cost $0.04 Unrealized —

WCN WASTE CONNECTIONS 4.7%

Value ($000) $28 Shares 117,228 Est. Cost $165.01 Unrealized +4.7%

NXT CALL FSLR 1/17/25 C230 0.0%

Value ($000) $0 Shares 700 Est. Cost $40.09 Unrealized +126.2%

ANET ARISTA NETWORKS 0.4%

Value ($000) $3 Shares 7,039 Est. Cost $102.84 Unrealized +33.9%

WDAY WORKDAY INC 4.0%

Value ($000) $24 Shares 98,189 Est. Cost $245.41 Unrealized -7.4%

FSLR FIRST SOLAR INC 0.2%

Value ($000) $1 Shares 5,544 Est. Cost $152.98 Unrealized +64.9%

BABA ALIBABA GROUP 0.0%

Value ($000) $0 Shares 2,800 Est. Cost $0.10 Unrealized —

TSM TSMC ADR 1.3%

Value ($000) $8 Shares 40,524 Est. Cost $0.19 Unrealized —

VRSK VERISK ANALYTICS INC 1.1%

Value ($000) $6 Shares 24,085 Est. Cost $244.56 Unrealized -7.9%

COHR COHERENT INC 0.5%

Value ($000) $3 Shares 34,374 Est. Cost $74.72 Unrealized +100.2%

S SENTINEL ONE 0.8%

Value ($000) $5 Shares 207,688 Est. Cost $24.36 Unrealized -32.8%

ACN ACCENTURE PLC 3.4%

Value ($000) $20 Shares 57,242 Est. Cost $260.61 Unrealized -2.5%

CFLT CONFLUENT 0.6%

Value ($000) $3 Shares 177,319 Est. Cost $27.24 Unrealized -9.9%

MA MASTERCARD 3.2%

Value ($000) $20 Shares 39,834 Est. Cost $454.95 Unrealized +22.9%

NOW SERVICENOW 3.8%

Value ($000) $23 Shares 25,703 Est. Cost $118.56 Unrealized +44.7%

JPM JP MORGAN 1.0%

Value ($000) $6 Shares 29,164 Est. Cost $214.84 Unrealized +44.1%

MSFT MICROSOFT CORP 13.5%

Value ($000) $82 Shares 189,860 Est. Cost $294.24 Unrealized +70.1%

PSTG PURE STORAGE 1.6%

Value ($000) $9 Shares 187,874 Est. Cost $56.48 Unrealized +47.9%

GTLB GITLAB INC 1.1%

Value ($000) $7 Shares 133,668 Est. Cost $53.29 Unrealized -18.8%

SW SMURFIT WESTROCK 3.0%

Value ($000) $18 Shares 488,737 Est. Cost $43.84 Unrealized -13.0%

OC OWENS CORNING 0.6%

Value ($000) $4 Shares 20,947 Est. Cost $108.73 Unrealized +7.9%

AAPL APPLE INC US 0.8%

Value ($000) $5 Shares 21,479 Est. Cost $227.32 Unrealized +18.0%

GOOGL ALPHABET - A 1.3%

Value ($000) $8 Shares 47,803 Est. Cost $152.78 Unrealized +86.9%

WAB WABTEC 1.0%

Value ($000) $6 Shares 33,558 Est. Cost $112.07 Unrealized +83.2%

AMZN AMAZON.COM 0.0%

Value ($000) $0 Shares 300 Est. Cost $171.69 Unrealized +33.3%

URI UNITED RENTALS 1.9%

Value ($000) $11 Shares 14,060 Est. Cost $689.79 Unrealized +25.7%

DE DEERE 1.1%

Value ($000) $7 Shares 15,835 Est. Cost $382.02 Unrealized +22.4%

BIDU BAIDU INC 0.0%

Value ($000) $0 Shares 600 Est. Cost $0.10 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ALC	ALCON INC	133,220	$15	2.4%	$80.34	-4.2%	ALCON INC	H01301128
STLA	STELLANTIS NV	1,110,051	$19	3.1%	$1.14	—	STELLANTIS NV	N82405106
RACE	FERRARI NV	23,649	$12	2.0%	$448.42	-10.8%	FERRARI NV	N3167Y103
DLR	DIGITAL REALTY 0.625 2031	500,000	$0	0.1%	$146.88	+11.1%	DIGITAL REALTY 0.625 2031	253868103
PANW	PALO ALTO	17,365	$6	1.0%	$141.62	+42.5%	PALO ALTO	697435105
ALAB	ASTERA LABS INC	17,231	$1	0.2%	$62.23	+168.8%	ASTERA LABS INC	04626A103
SNPS	SYNOPSYS	21,054	$11	1.8%	$448.65	-1.0%	SYNOPSYS	871607107
PWR	QUANTA SERVICES	19,455	$6	1.0%	$170.96	+156.9%	QUANTA SERVICES	74762E102
RUN	CALL RUN 1/17/25 C17.5	1,600	$0	0.0%	$13.39	+43.2%	CALL RUN 1/17/25 C17.5	86771W105
DAR	DARLING INGREDIENTS	130,096	$5	0.8%	$38.75	-12.6%	DARLING INGREDIENTS	237266101
DDOG	DATADOG	6,700	$1	0.1%	$146.28	+8.0%	DATADOG	23804L103
DUOL	DUOLINGO	28,184	$8	1.3%	$155.77	+51.3%	DUOLINGO	26603R106
VEEV	VEEVA	40,273	$8	1.4%	$198.49	+33.7%	VEEVA	922475108
CRWD	CROWDSTRIKE	10,854	$3	0.5%	$284.07	+79.3%	CROWDSTRIKE	22788C105
AMD	ADVANCED MICRO DEVICES	67,942	$11	1.9%	$161.38	+39.2%	ADVANCED MICRO DEVICES	007903107
TMO	THERMO FISHER	23,318	$14	2.4%	$540.60	+4.5%	THERMO FISHER	883556102
AWK	AMERICAN WATER WORKS	23,553	$3	0.6%	$137.72	-3.3%	AMERICAN WATER WORKS	030420103
MU	MICRON TECHNOLOGY INC	155,733	$17	2.8%	$93.55	+145.2%	MICRON TECHNOLOGY INC	595112103
NEE	NEXTERA ENERGY	42,889	$4	0.6%	$67.86	+21.6%	NEXTERA ENERGY	65339F101
RSG	REPUBLIC SERVICES	13,884	$3	0.5%	$146.31	+46.7%	REPUBLIC SERVICES	760759100
CQQQ	INVESCO CHINA TECHNOLOGY ETF	6,100	$0	0.0%	$0.04	—	INVESCO CHINA TECHNOLOGY ETF	46138E800
MTZ	MASTEC	22,437	$3	0.5%	$79.49	+164.0%	MASTEC	576323109
ETN	EATON CORP	44,428	$15	2.4%	$215.22	+64.7%	EATON CORP	G29183103
TMUS	T-MOBILE US	78,614	$16	2.6%	$172.92	+22.2%	T-MOBILE US	872590104
LLY	ELI LILLY	20,238	$18	3.0%	$744.35	+28.4%	ELI LILLY	532457108
SNOW	SNOWFLAKE	63,637	$7	1.2%	$125.12	+95.1%	SNOWFLAKE	833445109
ON	ON SEMICONDUCTOR CORP	44,450	$3	0.5%	$75.93	-32.4%	ON SEMICONDUCTOR CORP	682189105
TAN	INVESCO SOLAR ETF	6,500	$0	0.0%	$0.04	—	INVESCO SOLAR ETF	46138G706
WCN	WASTE CONNECTIONS	117,228	$28	4.7%	$165.01	+4.7%	WASTE CONNECTIONS	94106B101
NXT	CALL FSLR 1/17/25 C230	700	$0	0.0%	$40.09	+126.2%	CALL FSLR 1/17/25 C230	65290E101
ANET	ARISTA NETWORKS	7,039	$3	0.4%	$102.84	+33.9%	ARISTA NETWORKS	040413205
WDAY	WORKDAY INC	98,189	$24	4.0%	$245.41	-7.4%	WORKDAY INC	98138H101
FSLR	FIRST SOLAR INC	5,544	$1	0.2%	$152.98	+64.9%	FIRST SOLAR INC	336433107
BABA	ALIBABA GROUP	2,800	$0	0.0%	$0.10	—	ALIBABA GROUP	01609W102
TSM	TSMC ADR	40,524	$8	1.3%	$0.19	—	TSMC ADR	874039100
VRSK	VERISK ANALYTICS INC	24,085	$6	1.1%	$244.56	-7.9%	VERISK ANALYTICS INC	92345Y106
COHR	COHERENT INC	34,374	$3	0.5%	$74.72	+100.2%	COHERENT INC	19247G107
S	SENTINEL ONE	207,688	$5	0.8%	$24.36	-32.8%	SENTINEL ONE	81730H109
ACN	ACCENTURE PLC	57,242	$20	3.4%	$260.61	-2.5%	ACCENTURE PLC	G1151C101
CFLT	CONFLUENT	177,319	$3	0.6%	$27.24	-9.9%	CONFLUENT	20717M103
MA	MASTERCARD	39,834	$20	3.2%	$454.95	+22.9%	MASTERCARD	57636Q104
NOW	SERVICENOW	25,703	$23	3.8%	$118.56	+44.7%	SERVICENOW	81762P102
JPM	JP MORGAN	29,164	$6	1.0%	$214.84	+44.1%	JP MORGAN	46625H100
MSFT	MICROSOFT CORP	189,860	$82	13.5%	$294.24	+70.1%	MICROSOFT CORP	594918104
PSTG	PURE STORAGE	187,874	$9	1.6%	$56.48	+47.9%	PURE STORAGE	74624M102
GTLB	GITLAB INC	133,668	$7	1.1%	$53.29	-18.8%	GITLAB INC	37637K108
SW	SMURFIT WESTROCK	488,737	$18	3.0%	$43.84	-13.0%	SMURFIT WESTROCK	G8267P108
OC	OWENS CORNING	20,947	$4	0.6%	$108.73	+7.9%	OWENS CORNING	690742101
AAPL	APPLE INC US	21,479	$5	0.8%	$227.32	+18.0%	APPLE INC US	037833100
GOOGL	ALPHABET - A	47,803	$8	1.3%	$152.78	+86.9%	ALPHABET - A	02079K305
WAB	WABTEC	33,558	$6	1.0%	$112.07	+83.2%	WABTEC	929740108
AMZN	AMAZON.COM	300	$0	0.0%	$171.69	+33.3%	AMAZON.COM	023135106
URI	UNITED RENTALS	14,060	$11	1.9%	$689.79	+25.7%	UNITED RENTALS	911363109
DE	DEERE	15,835	$7	1.1%	$382.02	+22.4%	DEERE	244199105
BIDU	BAIDU INC	600	$0	0.0%	$0.10	—	BAIDU INC	056752108