EVR Research LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	3,000	$74,400	29.8%	—	—	PUT	464287655
DRVN	DRIVEN BRANDS HLDGS INC	540,000	$6,809	2.7%	$15.81	0.0%	COM	26210V102
OMCL	OMNICELL COM	173,000	$5,775	2.3%	$45.06	0.0%	COM	68213N109
CSGP	COSTAR GROUP INC	130,000	$5,244	2.1%	$56.92	0.0%	COM	22160N109
ENOV	ENOVIS CORPORATION	225,000	$5,119	2.0%	$23.62	0.0%	COM	194014502
WY	WEYERHAEUSER CO	200,000	$4,886	2.0%	$23.80	0.0%	COM NEW	962166104
SARO	STANDARDAERO INC	165,000	$4,262	1.7%	$31.28	0.0%	COM	85423L103
LAD	LITHIA MTRS INC	15,000	$3,746	1.5%	$321.76	0.0%	COM	536797103
SRI	STONERIDGE INC	770,000	$3,719	1.5%	$7.22	0.0%	COM	86183P102
HTLD	HEARTLAND EXPRESS INC	330,000	$3,432	1.4%	$10.79	0.0%	COM	422347104

Increased Positions (9)

FND FLOOR & DECOR HLDGS INC 4.7%

Value ($000) $11,684 (+125.7%) Shares 230,000 (+170.6%) Est. Cost $68.05 Unrealized +2.8%

WKC WORLD KINECT CORPORATION 8.7%

Value ($000) $21,686 (+25.1%) Shares 940,000 (+27.0%) Est. Cost $26.48 Unrealized +0.3%

NCMI NATIONAL CINEMEDIA INC 1.4%

Value ($000) $3,447 (+786.0%) Shares 1,130,000 (+1030.0%) Est. Cost $3.66 Unrealized -1.3%

ARHS ARHAUS INC 1.4%

Value ($000) $3,390 (+101.6%) Shares 500,000 (+233.3%) Est. Cost $10.30 Unrealized -0.7%

TTGT TECHTARGET INC 2.0%

Value ($000) $4,966 (-21.1%) Shares 1,280,000 (+9.9%) Est. Cost $6.34 Unrealized -19.7%

AVD AMERICAN VANGUARD CORP 0.7%

Value ($000) $1,793 (-24.1%) Shares 720,000 (+16.4%) Est. Cost $4.60 Unrealized +2.3%

MBC MASTERBRAND INC 1.0%

Value ($000) $2,493 (+12.9%) Shares 300,000 (+50.0%) Est. Cost $11.91 Unrealized +2.0%

MEC MAYVILLE ENGR CO INC 4.5%

Value ($000) $11,129 (-1.7%) Shares 620,000 (+2.5%) Est. Cost $16.39 Unrealized +20.7%

CPS COOPER-STANDARD HOLDINGS INC 4.9%

Value ($000) $12,123 (-1.5%) Shares 435,000 (+16.0%) Est. Cost $32.01 Unrealized +8.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FND	FLOOR & DECOR HLDGS INC	230,000 (+170.6%)	$11,684 (+125.7%)	4.7%	$68.05	+2.8%	CL A	339750101
WKC	WORLD KINECT CORPORATION	940,000 (+27.0%)	$21,686 (+25.1%)	8.7%	$26.48	+0.3%	COM	981475106
NCMI	NATIONAL CINEMEDIA INC	1,130,000 (+1030.0%)	$3,447 (+786.0%)	1.4%	$3.66	-1.3%	COM NEW	635309206
ARHS	ARHAUS INC	500,000 (+233.3%)	$3,390 (+101.6%)	1.4%	$10.30	-0.7%	COM CL A	04035M102
TTGT	TECHTARGET INC	1,280,000 (+9.9%)	$4,966 (-21.1%)	2.0%	$6.34	-19.7%	COM NEW	87874R308
AVD	AMERICAN VANGUARD CORP	720,000 (+16.4%)	$1,793 (-24.1%)	0.7%	$4.60	+2.3%	COM	030371108
MBC	MASTERBRAND INC	300,000 (+50.0%)	$2,493 (+12.9%)	1.0%	$11.91	+2.0%	COMMON STOCK	57638P104
MEC	MAYVILLE ENGR CO INC	620,000 (+2.5%)	$11,129 (-1.7%)	4.5%	$16.39	+20.7%	COM	578605107
CPS	COOPER-STANDARD HOLDINGS INC	435,000 (+16.0%)	$12,123 (-1.5%)	4.9%	$32.01	+8.3%	COM	21676P103

Exited Positions (13)

AI C3 AI INC 3.2%

Value ($000) $8,093 Shares 600,400 Est. Cost $18.45 Unrealized -34.7%

DG DOLLAR GEN CORP NEW 2.9%

Value ($000) $7,302 Shares 55,000 Est. Cost $111.51 Unrealized +32.4%

NGVT INGEVITY CORP 2.4%

Value ($000) $5,918 Shares 100,000 Est. Cost $54.27 Unrealized +26.6%

TWI TITAN INTL INC ILL 1.7%

Value ($000) $4,150 Shares 530,000 Est. Cost $8.14 Unrealized +18.9%

SPSC SPS COMM INC 1.4%

Value ($000) $3,565 Shares 40,000 Est. Cost $92.71 Unrealized -13.8%

SPT SPROUT SOCIAL INC 1.4%

Value ($000) $3,381 Shares 300,000 Est. Cost $10.80 Unrealized -19.1%

VRNS VARONIS SYS INC 1.1%

Value ($000) $2,788 Shares 85,000 Est. Cost $41.98 Unrealized -29.9%

NX QUANEX BLDG PRODS CORP 0.8%

Value ($000) $1,999 Shares 130,000 Est. Cost $14.08 Unrealized +38.6%

UNF UNIFIRST CORP MASS 0.8%

Value ($000) $1,929 Shares 10,000 Est. Cost $168.52 Unrealized +27.2%

RCAT RED CAT HLDGS INC 0.7%

Value ($000) $1,705 Shares 215,000 Est. Cost $9.57 Unrealized +35.8%

NWL NEWELL BRANDS INC 0.6%

Value ($000) $1,488 Shares 400,000 Est. Cost $7.09 Unrealized -38.4%

CTRN CITI TRENDS INC 0.5%

Value ($000) $1,247 Shares 30,000 Est. Cost $39.49 Unrealized +14.5%

RDW REDWIRE CORPORATION 0.1%

Value ($000) $203 Shares 26,667 Est. Cost $7.34 Unrealized +38.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AI	C3 AI INC	600,400	$8,093	3.2%	$18.45	-34.7%	—	12468P104
DG	DOLLAR GEN CORP NEW	55,000	$7,302	2.9%	$111.51	+32.4%	—	256677105
NGVT	INGEVITY CORP	100,000	$5,918	2.4%	$54.27	+26.6%	—	45688C107
TWI	TITAN INTL INC ILL	530,000	$4,150	1.7%	$8.14	+18.9%	—	88830M102
SPSC	SPS COMM INC	40,000	$3,565	1.4%	$92.71	-13.8%	—	78463M107
SPT	SPROUT SOCIAL INC	300,000	$3,381	1.4%	$10.80	-19.1%	—	85209W109
VRNS	VARONIS SYS INC	85,000	$2,788	1.1%	$41.98	-29.9%	—	922280102
NX	QUANEX BLDG PRODS CORP	130,000	$1,999	0.8%	$14.08	+38.6%	—	747619104
UNF	UNIFIRST CORP MASS	10,000	$1,929	0.8%	$168.52	+27.2%	—	904708104
RCAT	RED CAT HLDGS INC	215,000	$1,705	0.7%	$9.57	+35.8%	—	75644T100
NWL	NEWELL BRANDS INC	400,000	$1,488	0.6%	$7.09	-38.4%	—	651229106
CTRN	CITI TRENDS INC	30,000	$1,247	0.5%	$39.49	+14.5%	—	17306X102
RDW	REDWIRE CORPORATION	26,667	$203	0.1%	$7.34	+38.6%	—	75776W103

Decreased Positions (10)

DAN DANA INC 2.7%

Value ($000) $6,730 (-61.2%) Shares 200,000 (-72.6%) Est. Cost $14.28 Unrealized +112.4%

SON SONOCO PRODS CO 1.7%

Value ($000) $4,327 (-54.9%) Shares 80,000 (-63.6%) Est. Cost $42.12 Unrealized +19.5%

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.5%

Value ($000) $1,149 (-77.9%) Shares 485,000 (-79.4%) Est. Cost $1.25 Unrealized +76.1%

CE CELANESE CORP DEL 1.1%

Value ($000) $2,631 (-54.6%) Shares 40,000 (-70.8%) Est. Cost $40.78 Unrealized +21.4%

SCHL SCHOLASTIC CORP 1.7%

Value ($000) $4,297 (-30.9%) Shares 110,000 (-47.6%) Est. Cost $27.35 Unrealized +23.0%

WTTR SELECT WATER SOLUTIONS INC 2.8%

Value ($000) $6,885 (+30.9%) Shares 450,000 (-10.0%) Est. Cost $10.53 Unrealized —

GEF GREIF INC 4.3%

Value ($000) $10,731 (-9.4%) Shares 160,000 (-8.6%) Est. Cost $62.20 Unrealized +17.0%

NPK NATIONAL PRESTO INDS INC 3.6%

Value ($000) $8,909 (+11.3%) Shares 65,000 (-13.3%) Est. Cost $105.55 Unrealized +16.8%

TITN TITAN MACHY INC 2.8%

Value ($000) $7,106 (+1.6%) Shares 425,000 (-8.6%) Est. Cost $16.73 Unrealized +4.6%

GTES GATES INDL CORP PLC 1.4%

Value ($000) $3,618 (-0.9%) Shares 160,000 (-5.9%) Est. Cost $21.47 Unrealized +15.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DAN	DANA INC	200,000 (-72.6%)	$6,730 (-61.2%)	2.7%	$14.28	+112.4%	COM	235825205
SON	SONOCO PRODS CO	80,000 (-63.6%)	$4,327 (-54.9%)	1.7%	$42.12	+19.5%	COM	835495102
CCO	CLEAR CHANNEL OUTDOOR HLDGS	485,000 (-79.4%)	$1,149 (-77.9%)	0.5%	$1.25	+76.1%	COM	18453H106
CE	CELANESE CORP DEL	40,000 (-70.8%)	$2,631 (-54.6%)	1.1%	$40.78	+21.4%	COM	150870103
SCHL	SCHOLASTIC CORP	110,000 (-47.6%)	$4,297 (-30.9%)	1.7%	$27.35	+23.0%	COM	807066105
WTTR	SELECT WATER SOLUTIONS INC	450,000 (-10.0%)	$6,885 (+30.9%)	2.8%	$10.53	—	CL A COM	81617J301
GEF	GREIF INC	160,000 (-8.6%)	$10,731 (-9.4%)	4.3%	$62.20	+17.0%	CL A	397624107
NPK	NATIONAL PRESTO INDS INC	65,000 (-13.3%)	$8,909 (+11.3%)	3.6%	$105.55	+16.8%	COM	637215104
TITN	TITAN MACHY INC	425,000 (-8.6%)	$7,106 (+1.6%)	2.8%	$16.73	+4.6%	COM	88830R101
GTES	GATES INDL CORP PLC	160,000 (-5.9%)	$3,618 (-0.9%)	1.4%	$21.47	+15.0%	ORD SHS	G39108108

Unchanged Positions (1)

SENEA SENECA FOODS CORP NEW 1.4%

Value ($000) $3,476 Shares 23,000 Est. Cost $106.56 Unrealized +12.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SENEA	SENECA FOODS CORP NEW	23,000	$3,476	1.4%	$106.56	+12.9%	CL A	817070501