Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ZM	ZOOM COMMUNICATIONS INC	1,315,605	$106M	2.1%	$88.07	0.0%	CL A	98980L101
CRDO	CREDO TECHNOLOGY GROUP HOLDI	1,091,233	$102M	2.0%	$131.33	0.0%	ORDINARY SHARES	G25457105
PANW	PALO ALTO NETWORKS INC	561,797	$90.07M	1.8%	$172.15	0.0%	COM	697435105
VST	VISTRA CORP	523,788	$78.74M	1.6%	$163.18	0.0%	COM	92840M102
AKAM	AKAMAI TECHNOLOGIES INC	682,837	$78.42M	1.6%	$95.71	0.0%	COM	00971T101
HUBS	HUBSPOT INC	232,115	$56.66M	1.1%	$291.68	0.0%	COM	443573100
RBLX	ROBLOX CORP	1,000,000	$56.56M	1.1%	$66.94	+7.2%	CALL	771049103
SNPS	SYNOPSYS INC	136,925	$54.29M	1.1%	$471.68	0.0%	COM	871607107
AVAV	AEROVIRONMENT INC	161,675	$29.59M	0.6%	$296.44	0.0%	COM	008073108
V	VISA INC	71,641	$21.65M	0.4%	$329.17	0.0%	COM CL A	92826C839
GFS	GLOBALFOUNDRIES INC	474,593	$21.11M	0.4%	$43.59	0.0%	ORDINARY SHARES	G39387108
NOK	NOKIA CORP	2,481,947	$19.95M	0.4%	$8.04	—	SPONSORED ADR	654902204
VECO	VEECO INSTRS INC DEL	233,923	$7.921M	0.2%	$31.57	0.0%	COM	922417100
NBIS	NEBIUS GROUP N.V.	63,068	$6.544M	0.1%	$96.40	0.0%	SHS CLASS A	N97284108
EQPT	EQUIPMENTSHARE COM INC	213,431	$4.348M	0.1%	$20.37	—	COM CL A	29445S100
BTGO	BITGO HOLDINGS INC	29,106	$240K	0.0%	$8.23	—	COM SHS CL A	091947101

Increased Positions (20)

ALAB ASTERA LABS INC 7.4%

Value $369M (+37.6%) Shares 3,365,787 (+108.9%) Est. Cost $160.62 Unrealized -1.9%

RBLX ROBLOX CORP 1.6%

Value $78.26M (+147.9%) Shares 1,383,703 (+255.2%) Est. Cost $66.94 Unrealized +7.2%

MU MICRON TECHNOLOGY INC 5.1%

Value $257M (+21.8%) Shares 760,426 (+2.9%) Est. Cost $133.89 Unrealized +189.1%

AMZN AMAZON COM INC 4.0%

Value $199M (+25.1%) Shares 953,560 (+38.6%) Est. Cost $180.82 Unrealized +25.4%

U UNITY SOFTWARE INC 5.4%

Value $272M (-7.1%) Shares 12,385,322 (+86.9%) Est. Cost $27.96 Unrealized +16.9%

W WAYFAIR INC 2.2%

Value $108M (+23.1%) Shares 1,430,997 (+64.3%) Est. Cost $78.34 Unrealized +26.9%

CRWV COREWEAVE INC 1.3%

Value $62.79M (+44.7%) Shares 810,535 (+33.7%) Est. Cost $94.01 Unrealized -2.7%

SATS ECHOSTAR CORP 2.3%

Value $117M (+19.6%) Shares 1,000,346 (+11.0%) Est. Cost $84.90 Unrealized +37.1%

RKT ROCKET COS INC 1.7%

Value $87.14M (+24.9%) Shares 6,114,947 (+69.7%) Est. Cost $18.01 Unrealized +11.9%

TWLO TWILIO INC 2.3%

Value $116M (+13.7%) Shares 921,602 (+28.5%) Est. Cost $112.10 Unrealized +8.7%

INTC INTEL CORP 0.6%

Value $28.85M (+61.6%) Shares 653,792 (+35.1%) Est. Cost $29.99 Unrealized +54.8%

TSLA TESLA INC 1.5%

Value $74.65M (-10.8%) Shares 200,795 (+7.9%) Est. Cost $245.47 Unrealized +73.5%

CHYM CHIME FINL INC 0.6%

Value $30.39M (-19.7%) Shares 1,622,734 (+7.9%) Est. Cost $21.45 Unrealized +11.9%

WRBY WARBY PARKER INC 0.3%

Value $14.47M (+69.0%) Shares 686,995 (+74.8%) Est. Cost $23.23 Unrealized +8.5%

ROG ROGERS CORP 0.4%

Value $19.97M (+26.9%) Shares 186,085 (+8.2%) Est. Cost $67.64 Unrealized +49.8%

AMBQ AMBIQ MICRO INC 0.4%

Value $21.91M (+10.4%) Shares 862,175 (+23.8%) Est. Cost $35.39 Unrealized -11.0%

MA MASTERCARD INCORPORATED 0.5%

Value $24.79M (-5.5%) Shares 49,604 (+7.9%) Est. Cost $410.45 Unrealized +31.3%

GOOGL ALPHABET INC 3.2%

Value $160M (-0.9%) Shares 555,023 (+7.9%) Est. Cost $174.09 Unrealized +85.7%

TBLA TABOOLA.COM LTD 0.1%

Value $2.544M (-25.2%) Shares 820,797 (+11.2%) Est. Cost $9.59 Unrealized -60.0%

FROG JFROG LTD 0.5%

Value $26.05M (+3.1%) Shares 554,987 (+37.3%) Est. Cost $47.44 Unrealized +11.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ALAB	ASTERA LABS INC	3,365,787 (+108.9%)	$369M (+37.6%)	7.4%	$160.62	-1.9%	COM	04626A103
RBLX	ROBLOX CORP	1,383,703 (+255.2%)	$78.26M (+147.9%)	1.6%	$66.94	+7.2%	CL A	771049103
MU	MICRON TECHNOLOGY INC	760,426 (+2.9%)	$257M (+21.8%)	5.1%	$133.89	+189.1%	COM	595112103
AMZN	AMAZON COM INC	953,560 (+38.6%)	$199M (+25.1%)	4.0%	$180.82	+25.4%	COM	023135106
U	UNITY SOFTWARE INC	12,385,322 (+86.9%)	$272M (-7.1%)	5.4%	$27.96	+16.9%	COM	91332U101
W	WAYFAIR INC	1,430,997 (+64.3%)	$108M (+23.1%)	2.2%	$78.34	+26.9%	CL A	94419L101
CRWV	COREWEAVE INC	810,535 (+33.7%)	$62.79M (+44.7%)	1.3%	$94.01	-2.7%	COM CL A	21873S108
SATS	ECHOSTAR CORP	1,000,346 (+11.0%)	$117M (+19.6%)	2.3%	$84.90	+37.1%	CL A	278768106
RKT	ROCKET COS INC	6,114,947 (+69.7%)	$87.14M (+24.9%)	1.7%	$18.01	+11.9%	COM CL A	77311W101
TWLO	TWILIO INC	921,602 (+28.5%)	$116M (+13.7%)	2.3%	$112.10	+8.7%	CL A	90138F102
INTC	INTEL CORP	653,792 (+35.1%)	$28.85M (+61.6%)	0.6%	$29.99	+54.8%	COM	458140100
TSLA	TESLA INC	200,795 (+7.9%)	$74.65M (-10.8%)	1.5%	$245.47	+73.5%	COM	88160R101
CHYM	CHIME FINL INC	1,622,734 (+7.9%)	$30.39M (-19.7%)	0.6%	$21.45	+11.9%	COM SHS CL A	16935C109
WRBY	WARBY PARKER INC	686,995 (+74.8%)	$14.47M (+69.0%)	0.3%	$23.23	+8.5%	CL A COM	93403J106
ROG	ROGERS CORP	186,085 (+8.2%)	$19.97M (+26.9%)	0.4%	$67.64	+49.8%	COM	775133101
AMBQ	AMBIQ MICRO INC	862,175 (+23.8%)	$21.91M (+10.4%)	0.4%	$35.39	-11.0%	COMMON STOCK	023193105
MA	MASTERCARD INCORPORATED	49,604 (+7.9%)	$24.79M (-5.5%)	0.5%	$410.45	+31.3%	CL A	57636Q104
GOOGL	ALPHABET INC	555,023 (+7.9%)	$160M (-0.9%)	3.2%	$174.09	+85.7%	CAP STK CL A	02079K305
TBLA	TABOOLA.COM LTD	820,797 (+11.2%)	$2.544M (-25.2%)	0.1%	$9.59	-60.0%	ORD SHS	M8744T106
FROG	JFROG LTD	554,987 (+37.3%)	$26.05M (+3.1%)	0.5%	$47.44	+11.7%	ORD SHS	M6191J100

Exited Positions (18)

NVDA NVIDIA CORPORATION 13.0%

Value $653M Shares 3,500,000 Est. Cost $168.39 Unrealized +10.8%

PSTG PURE STORAGE INC 5.6%

Value $280M Shares 4,177,675 Est. Cost $52.59 Unrealized +34.9%

MU MICRON TECHNOLOGY INC 4.0%

Value $200M Shares 700,000 Est. Cost $133.89 Unrealized +189.1%

COHR COHERENT CORP 3.3%

Value $166M Shares 900,000 Est. Cost $112.68 Unrealized +89.3%

GTLB GITLAB INC 2.4%

Value $119M Shares 3,177,083 Est. Cost $46.05 Unrealized -28.7%

PSTG PURE STORAGE INC 2.0%

Value $101M Shares 1,500,000 Est. Cost $52.59 Unrealized +34.9%

MSFT MICROSOFT CORP 1.8%

Value $87.76M Shares 181,468 Est. Cost $500.58 Unrealized -13.2%

TTAN SERVICETITAN INC 1.7%

Value $84.39M Shares 792,433 Est. Cost $108.81 Unrealized -25.8%

PM PHILIP MORRIS INTL INC 1.3%

Value $65.08M Shares 405,759 Est. Cost $161.55 Unrealized +8.9%

TEAM ATLASSIAN CORPORATION 1.3%

Value $64.57M Shares 398,230 Est. Cost $175.32 Unrealized -35.4%

NU NU HLDGS LTD 1.1%

Value $54.79M Shares 3,272,998 Est. Cost $12.93 Unrealized +34.1%

AZO AUTOZONE INC 0.8%

Value $39.41M Shares 11,620 Est. Cost $3727.04 Unrealized -2.7%

GTLB GITLAB INC 0.8%

Value $37.53M Shares 1,000,000 Est. Cost $46.05 Unrealized -28.7%

SE SEA LTD 0.7%

Value $35.14M Shares 275,439 Est. Cost $159.32 Unrealized —

AMSC AMERICAN SUPERCONDUCTOR CORP 0.6%

Value $30.05M Shares 1,044,193 Est. Cost $29.65 Unrealized +7.0%

GNRC GENERAC HLDGS INC 0.5%

Value $24.92M Shares 182,765 Est. Cost $161.36 Unrealized +13.5%

PFGC PERFORMANCE FOOD GROUP CO 0.2%

Value $11.32M Shares 125,901 Est. Cost $96.57 Unrealized -2.6%

MELI MERCADOLIBRE INC 0.2%

Value $9.066M Shares 4,501 Est. Cost $2335.36 Unrealized -11.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	3,500,000	$653M	13.0%	$168.39	+10.8%	CALL	67066G104
PSTG	PURE STORAGE INC	4,177,675	$280M	5.6%	$52.59	+34.9%	—	74624M102
MU	MICRON TECHNOLOGY INC	700,000	$200M	4.0%	$133.89	+189.1%	PUT	595112103
COHR	COHERENT CORP	900,000	$166M	3.3%	$112.68	+89.3%	CALL	19247G107
GTLB	GITLAB INC	3,177,083	$119M	2.4%	$46.05	-28.7%	—	37637K108
PSTG	PURE STORAGE INC	1,500,000	$101M	2.0%	$52.59	+34.9%	CALL	74624M102
MSFT	MICROSOFT CORP	181,468	$87.76M	1.8%	$500.58	-13.2%	—	594918104
TTAN	SERVICETITAN INC	792,433	$84.39M	1.7%	$108.81	-25.8%	—	81764X103
PM	PHILIP MORRIS INTL INC	405,759	$65.08M	1.3%	$161.55	+8.9%	—	718172109
TEAM	ATLASSIAN CORPORATION	398,230	$64.57M	1.3%	$175.32	-35.4%	—	049468101
NU	NU HLDGS LTD	3,272,998	$54.79M	1.1%	$12.93	+34.1%	—	G6683N103
AZO	AUTOZONE INC	11,620	$39.41M	0.8%	$3727.04	-2.7%	—	053332102
GTLB	GITLAB INC	1,000,000	$37.53M	0.8%	$46.05	-28.7%	CALL	37637K108
SE	SEA LTD	275,439	$35.14M	0.7%	$159.32	—	—	81141R100
AMSC	AMERICAN SUPERCONDUCTOR CORP	1,044,193	$30.05M	0.6%	$29.65	+7.0%	—	030111207
GNRC	GENERAC HLDGS INC	182,765	$24.92M	0.5%	$161.36	+13.5%	—	368736104
PFGC	PERFORMANCE FOOD GROUP CO	125,901	$11.32M	0.2%	$96.57	-2.6%	—	71377A103
MELI	MERCADOLIBRE INC	4,501	$9.066M	0.2%	$2335.36	-11.5%	—	58733R102

Decreased Positions (17)

QQQ INVESCO QQQ TR 16.2%

Value $808M (-62.4%) Shares 1,400,000 (-60.0%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 4.4%

Value $218M (-39.4%) Shares 1,248,592 (-35.1%) Est. Cost $168.39 Unrealized +10.8%

U UNITY SOFTWARE INC 0.7%

Value $32.91M (-79.9%) Shares 1,500,000 (-59.5%) Est. Cost $27.96 Unrealized +16.9%

SNOW SNOWFLAKE INC 0.4%

Value $21.84M (-79.2%) Shares 144,818 (-69.8%) Est. Cost $142.79 Unrealized +36.2%

COHR COHERENT CORP 3.0%

Value $150M (-34.1%) Shares 631,159 (-48.9%) Est. Cost $112.68 Unrealized +89.3%

CIEN CIENA CORP 5.3%

Value $263M (-21.3%) Shares 676,807 (-52.6%) Est. Cost $76.99 Unrealized +251.9%

WIX WIX COM LTD 1.2%

Value $58.58M (-54.8%) Shares 650,414 (-47.9%) Est. Cost $120.92 Unrealized -32.6%

ACVA ACV AUCTIONS INC 0.8%

Value $41.27M (-58.5%) Shares 9,734,467 (-21.6%) Est. Cost $10.23 Unrealized -25.0%

COMP COMPASS INC 0.8%

Value $40.66M (-55.9%) Shares 5,561,998 (-36.2%) Est. Cost $9.12 Unrealized +28.8%

WING WINGSTOP INC 0.8%

Value $41.89M (-55.0%) Shares 270,303 (-30.7%) Est. Cost $247.68 Unrealized +6.8%

AFRM AFFIRM HLDGS INC 1.1%

Value $54.74M (-46.9%) Shares 1,194,711 (-13.7%) Est. Cost $68.84 Unrealized -6.0%

LITE LUMENTUM HLDGS INC 3.8%

Value $188M (+33.2%) Shares 267,389 (-30.2%) Est. Cost $53.80 Unrealized +768.3%

RBRK RUBRIK INC. 0.6%

Value $27.74M (-59.5%) Shares 566,454 (-36.7%) Est. Cost $80.85 Unrealized -25.0%

AXON AXON ENTERPRISE INC 0.9%

Value $43.36M (-27.6%) Shares 102,095 (-3.2%) Est. Cost $608.34 Unrealized -13.4%

SMTC SEMTECH CORP 0.8%

Value $41.66M (-18.3%) Shares 541,812 (-21.7%) Est. Cost $36.71 Unrealized +124.6%

DKS DICKS SPORTING GOODS INC 1.8%

Value $89.73M (-7.7%) Shares 452,531 (-7.8%) Est. Cost $182.98 Unrealized +13.6%

FERG FERGUSON ENTERPRISES INC 0.7%

Value $34.14M (-13.8%) Shares 146,355 (-17.7%) Est. Cost $193.74 Unrealized +29.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	1,400,000 (-60.0%)	$808M (-62.4%)	16.2%	—	—	PUT	46090E103
NVDA	NVIDIA CORPORATION	1,248,592 (-35.1%)	$218M (-39.4%)	4.4%	$168.39	+10.8%	COM	67066G104
U	UNITY SOFTWARE INC	1,500,000 (-59.5%)	$32.91M (-79.9%)	0.7%	$27.96	+16.9%	CALL	91332U101
SNOW	SNOWFLAKE INC	144,818 (-69.8%)	$21.84M (-79.2%)	0.4%	$142.79	+36.2%	COM SHS	833445109
COHR	COHERENT CORP	631,159 (-48.9%)	$150M (-34.1%)	3.0%	$112.68	+89.3%	COM	19247G107
CIEN	CIENA CORP	676,807 (-52.6%)	$263M (-21.3%)	5.3%	$76.99	+251.9%	COM NEW	171779309
WIX	WIX COM LTD	650,414 (-47.9%)	$58.58M (-54.8%)	1.2%	$120.92	-32.6%	SHS	M98068105
ACVA	ACV AUCTIONS INC	9,734,467 (-21.6%)	$41.27M (-58.5%)	0.8%	$10.23	-25.0%	COM CL A	00091G104
COMP	COMPASS INC	5,561,998 (-36.2%)	$40.66M (-55.9%)	0.8%	$9.12	+28.8%	CL A	20464U100
WING	WINGSTOP INC	270,303 (-30.7%)	$41.89M (-55.0%)	0.8%	$247.68	+6.8%	COM	974155103
AFRM	AFFIRM HLDGS INC	1,194,711 (-13.7%)	$54.74M (-46.9%)	1.1%	$68.84	-6.0%	COM CL A	00827B106
LITE	LUMENTUM HLDGS INC	267,389 (-30.2%)	$188M (+33.2%)	3.8%	$53.80	+768.3%	COM	55024U109
RBRK	RUBRIK INC.	566,454 (-36.7%)	$27.74M (-59.5%)	0.6%	$80.85	-25.0%	CL A	781154109
AXON	AXON ENTERPRISE INC	102,095 (-3.2%)	$43.36M (-27.6%)	0.9%	$608.34	-13.4%	COM	05464C101
SMTC	SEMTECH CORP	541,812 (-21.7%)	$41.66M (-18.3%)	0.8%	$36.71	+124.6%	COM	816850101
DKS	DICKS SPORTING GOODS INC	452,531 (-7.8%)	$89.73M (-7.7%)	1.8%	$182.98	+13.6%	COM	253393102
FERG	FERGUSON ENTERPRISES INC	146,355 (-17.7%)	$34.14M (-13.8%)	0.7%	$193.74	+29.6%	COMMON STOCK NEW	31488V107

Unchanged Positions (1)

RL RALPH LAUREN CORP 0.9%

Value $44.32M Shares 128,837 Est. Cost $171.85 Unrealized +111.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RL	RALPH LAUREN CORP	128,837	$44.32M	0.9%	$171.85	+111.3%	CL A	751212101