EMC Capital Management Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES RUSSELL	18,658	$5	2.0%	$0.25	—	TR UNIT	464287655
IWC	ISHARES MICRO-CA	11,741	$2	0.8%	$0.16	—	TR UNIT	464288869
RKT	ROCKET COS INC-A	39,971	$1	0.3%	$17.88	0.0%	COM	77311W101
COIN	COINBASE GLOBA-A	500	$0	0.1%	$297.98	0.0%	COM	19260Q107
OXY	OCCIDENTAL PETE	2,200	$0	0.0%	$41.55	0.0%	COM	674599105
XYZ	BLOCK INC	1,100	$0	0.0%	$68.98	0.0%	COM	852234103
RVPH	REVIVA PHARMACEU	128,915	$0	0.0%	$0.00	—	COM	76152G209
CRC	CALIFORNIA RESOU	930	$0	0.0%	$47.17	0.0%	COM	13057Q305
GOOGL	ALPHABET INC-A	100	$0	0.0%	$285.60	0.0%	COM	02079K305
MP	MP MATERIALS COR	500	$0	0.0%	$63.41	0.0%	COM	553368101
NRG	NRG ENERGY	200	$0	0.0%	$165.30	0.0%	COM	629377508
NBIS	NEBIUS GROUP NV	50	$0	0.0%	$103.64	0.0%	COM	N97284108

Increased Positions (20)

VOO VANGUARD S&P 500 23.8%

Value ($000) $54 (+5.0%) Shares 84,254 (+1.1%) Est. Cost $2.88 Unrealized —

NVDA NVIDIA CORP 2.4%

Value ($000) $5 (+51.7%) Shares 29,100 (+53.2%) Est. Cost $154.49 Unrealized +20.5%

NFLX NETFLIX INC 0.6%

Value ($000) $1 (+2025.0%) Shares 14,250 (+28400.0%) Est. Cost $107.72 Unrealized +0.1%

TTD TRADE DESK INC-A 0.8%

Value ($000) $2 (+57.3%) Shares 50,951 (+106.7%) Est. Cost $56.15 Unrealized -21.1%

ZS ZSCALER INC 0.4%

Value ($000) $1 (+534.9%) Shares 3,780 (+779.1%) Est. Cost $276.26 Unrealized +2.2%

MRVL MARVELL TECHNOLO 0.2%

Value ($000) $0 (+289.1%) Shares 4,300 (+290.9%) Est. Cost $82.47 Unrealized +6.1%

AVGO BROADCOM INC 0.4%

Value ($000) $1 (+30.6%) Shares 2,500 (+25.0%) Est. Cost $244.14 Unrealized +46.2%

META META PLATFORMS-A 0.1%

Value ($000) $0 (+47.5%) Shares 504 (+65.8%) Est. Cost $565.75 Unrealized +18.0%

TSLA TESLA INC 0.3%

Value ($000) $1 (+15.6%) Shares 1,500 (+15.4%) Est. Cost $261.92 Unrealized +69.2%

ORCL ORACLE CORP 0.4%

Value ($000) $1 (+8.2%) Shares 4,600 (+53.3%) Est. Cost $208.14 Unrealized +14.4%

UPST UPSTART HOLDINGS 0.2%

Value ($000) $1 (+8.6%) Shares 11,050 (+12.2%) Est. Cost $43.96 Unrealized +4.7%

LYB LYONDELLBASELL-A 0.0%

Value ($000) $0 (+44.6%) Shares 2,200 (+46.7%) Est. Cost $51.07 Unrealized -13.0%

MO ALTRIA GROUP INC 0.0%

Value ($000) $0 (+75.8%) Shares 1,000 (+100.0%) Est. Cost $60.39 Unrealized -1.7%

NOW SERVICENOW INC 0.1%

Value ($000) $0 (+7.8%) Shares 1,750 (+600.0%) Est. Cost $171.49 Unrealized +0.0%

ACHR ARCHER AVIATIO-A 0.1%

Value ($000) $0 (+13.2%) Shares 13,600 (+22.5%) Est. Cost $8.71 Unrealized +8.0%

CRCL CIRCLE INTERNET 0.0%

Value ($000) $0 (+142.9%) Shares 200 (+292.2%) Est. Cost $117.34 Unrealized -11.9%

GEO GEO GROUP INC 0.0%

Value ($000) $0 (+200.0%) Shares 700 (+250.0%) Est. Cost $18.44 Unrealized -9.6%

HOOD ROBINHOOD MARK-A 0.0%

Value ($000) $0 (+35.3%) Shares 200 (+66.7%) Est. Cost $117.45 Unrealized +10.7%

TCEHY TENCENT HOLD-ADR 0.0%

Value ($000) $0 (+9.3%) Shares 600 (+20.0%) Est. Cost $0.07 Unrealized —

VXUS VANGUARD TOTAL I 0.0%

Value ($000) $0 (+6.7%) Shares 412 (+2.0%) Est. Cost $0.07 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD S&P 500	84,254 (+1.1%)	$54 (+5.0%)	23.8%	$2.88	—	TR UNIT	922908363
NVDA	NVIDIA CORP	29,100 (+53.2%)	$5 (+51.7%)	2.4%	$154.49	+20.5%	COM	67066G104
NFLX	NETFLIX INC	14,250 (+28400.0%)	$1 (+2025.0%)	0.6%	$107.72	+0.1%	COM	64110L106
TTD	TRADE DESK INC-A	50,951 (+106.7%)	$2 (+57.3%)	0.8%	$56.15	-21.1%	COM	88339J105
ZS	ZSCALER INC	3,780 (+779.1%)	$1 (+534.9%)	0.4%	$276.26	+2.2%	COM	98980G102
MRVL	MARVELL TECHNOLO	4,300 (+290.9%)	$0 (+289.1%)	0.2%	$82.47	+6.1%	COM	573874104
AVGO	BROADCOM INC	2,500 (+25.0%)	$1 (+30.6%)	0.4%	$244.14	+46.2%	COM	11135F101
META	META PLATFORMS-A	504 (+65.8%)	$0 (+47.5%)	0.1%	$565.75	+18.0%	COM	30303M102
TSLA	TESLA INC	1,500 (+15.4%)	$1 (+15.6%)	0.3%	$261.92	+69.2%	COM	88160R101
ORCL	ORACLE CORP	4,600 (+53.3%)	$1 (+8.2%)	0.4%	$208.14	+14.4%	COM	68389X105
UPST	UPSTART HOLDINGS	11,050 (+12.2%)	$1 (+8.6%)	0.2%	$43.96	+4.7%	COM	91680M107
LYB	LYONDELLBASELL-A	2,200 (+46.7%)	$0 (+44.6%)	0.0%	$51.07	-13.0%	COM	N53745100
MO	ALTRIA GROUP INC	1,000 (+100.0%)	$0 (+75.8%)	0.0%	$60.39	-1.7%	COM	02209S103
NOW	SERVICENOW INC	1,750 (+600.0%)	$0 (+7.8%)	0.1%	$171.49	+0.0%	COM	81762P102
ACHR	ARCHER AVIATIO-A	13,600 (+22.5%)	$0 (+13.2%)	0.1%	$8.71	+8.0%	COM	03945R102
CRCL	CIRCLE INTERNET	200 (+292.2%)	$0 (+142.9%)	0.0%	$117.34	-11.9%	COM	172573107
GEO	GEO GROUP INC	700 (+250.0%)	$0 (+200.0%)	0.0%	$18.44	-9.6%	COM	36162J106
HOOD	ROBINHOOD MARK-A	200 (+66.7%)	$0 (+35.3%)	0.0%	$117.45	+10.7%	COM	770700102
TCEHY	TENCENT HOLD-ADR	600 (+20.0%)	$0 (+9.3%)	0.0%	$0.07	—	ADR	88032Q109
VXUS	VANGUARD TOTAL I	412 (+2.0%)	$0 (+6.7%)	0.0%	$0.07	—	TR UNIT	921909768

Exited Positions (15)

— MR COOPER GROUP 0.4%

Value ($000) $1 Shares 4,275 Est. Cost $5.84 Unrealized —

— VERONA PHAR-ADR 0.1%

Value ($000) $0 Shares 2,500 Est. Cost $0.05 Unrealized —

EMQQ EMG MKT ETF-$INC 0.1%

Value ($000) $0 Shares 5,220 Est. Cost $0.05 Unrealized —

— PREMIER INC-CL A 0.1%

Value ($000) $0 Shares 7,521 Est. Cost $0.02 Unrealized —

CE CELANESE CORP 0.1%

Value ($000) $0 Shares 4,300 Est. Cost $49.75 Unrealized -18.0%

VWO VANGUARD FTSE EM 0.1%

Value ($000) $0 Shares 2,622 Est. Cost $0.05 Unrealized —

VEU VANGUARD FTSE AL 0.1%

Value ($000) $0 Shares 1,900 Est. Cost $0.07 Unrealized —

KWEB KRNSH-CSI CH INT 0.1%

Value ($000) $0 Shares 3,151 Est. Cost $0.04 Unrealized —

MRNA MODERNA INC 0.0%

Value ($000) $0 Shares 2,500 Est. Cost $37.00 Unrealized -26.6%

— ODP CORP/THE 0.0%

Value ($000) $0 Shares 2,339 Est. Cost $4.40 Unrealized —

— BERRY CORP 0.0%

Value ($000) $0 Shares 15,245 Est. Cost $0.01 Unrealized —

SMCI SUPER MICRO COMP 0.0%

Value ($000) $0 Shares 1,100 Est. Cost $37.94 Unrealized +8.5%

RVPH REVIVA PHARMACEU 0.0%

Value ($000) $0 Shares 128,915 Est. Cost $1.99 Unrealized -72.1%

BYDDY BYD CO-UNSP ADR 0.0%

Value ($000) $0 Shares 1,050 Est. Cost $0.02 Unrealized —

NVTS NAVITAS SEMICOND 0.0%

Value ($000) $0 Shares 400 Est. Cost $6.69 Unrealized +43.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	MR COOPER GROUP	4,275	$1	0.4%	$5.84	—	—	62482R107
—	VERONA PHAR-ADR	2,500	$0	0.1%	$0.05	—	—	925050106
EMQQ	EMG MKT ETF-$INC	5,220	$0	0.1%	$0.05	—	—	301505889
—	PREMIER INC-CL A	7,521	$0	0.1%	$0.02	—	—	74051N102
CE	CELANESE CORP	4,300	$0	0.1%	$49.75	-18.0%	—	150870103
VWO	VANGUARD FTSE EM	2,622	$0	0.1%	$0.05	—	—	922042858
VEU	VANGUARD FTSE AL	1,900	$0	0.1%	$0.07	—	—	922042775
KWEB	KRNSH-CSI CH INT	3,151	$0	0.1%	$0.04	—	—	500767306
MRNA	MODERNA INC	2,500	$0	0.0%	$37.00	-26.6%	—	60770K107
—	ODP CORP/THE	2,339	$0	0.0%	$4.40	—	—	88337F105
—	BERRY CORP	15,245	$0	0.0%	$0.01	—	—	08579X101
SMCI	SUPER MICRO COMP	1,100	$0	0.0%	$37.94	+8.5%	—	86800U302
RVPH	REVIVA PHARMACEU	128,915	$0	0.0%	$1.99	-72.1%	—	76152G100
BYDDY	BYD CO-UNSP ADR	1,050	$0	0.0%	$0.02	—	—	05606L100
NVTS	NAVITAS SEMICOND	400	$0	0.0%	$6.69	+43.8%	—	63942X106

Decreased Positions (243)

VUG VANGUARD GRW ETF 7.0%

Value ($000) $16 (-23.5%) Shares 32,079 (-24.9%) Est. Cost $0.43 Unrealized —

AMZN AMAZON.COM INC 9.3%

Value ($000) $21 (+10.1%) Shares 84,235 (-2.3%) Est. Cost $134.64 Unrealized +69.9%

SNOW SNOWFLAKE INC 0.1%

Value ($000) $0 (-66.4%) Shares 1,060 (-65.4%) Est. Cost $128.71 Unrealized +89.6%

VTV VANGUARD VAL ETF 0.0%

Value ($000) $0 (-88.8%) Shares 200 (-89.2%) Est. Cost $0.42 Unrealized —

TEM TEMPUS AI INC-A 0.0%

Value ($000) $0 (-88.9%) Shares 500 (-86.4%) Est. Cost $70.04 Unrealized +11.7%

OSCR OSCAR HEALTH -A 0.0%

Value ($000) $0 (-81.5%) Shares 2,600 (-80.2%) Est. Cost $16.11 Unrealized +7.4%

ARM ARM HOLDINGS PLC 0.2%

Value ($000) $0 (-34.2%) Shares 3,250 (-16.7%) Est. Cost $0.12 Unrealized —

MDB MONGODB INC 0.2%

Value ($000) $1 (-24.0%) Shares 1,370 (-42.2%) Est. Cost $244.86 Unrealized +48.6%

ALAB ASTERA LABS INC 0.0%

Value ($000) $0 (-79.1%) Shares 250 (-75.0%) Est. Cost $92.51 Unrealized +80.8%

MU MICRON TECH 0.3%

Value ($000) $1 (-19.8%) Shares 1,750 (-61.1%) Est. Cost $97.72 Unrealized +134.7%

UNH UNITEDHEALTH GRP 0.3%

Value ($000) $1 (-18.1%) Shares 1,850 (-17.8%) Est. Cost $298.94 Unrealized +12.8%

ARKW ARK NEXT GENERAT 0.3%

Value ($000) $1 (-15.5%) Shares 4,880 (-1.1%) Est. Cost $0.92 Unrealized —

CVSA ADTALEM GLOBAL E 0.1%

Value ($000) $0 (-39.9%) Shares 1,667 (-9.9%) Est. Cost $118.24 Unrealized -3.1%

NFG NATL FUEL GAS CO 0.1%

Value ($000) $0 (-26.3%) Shares 3,323 (-15.0%) Est. Cost $58.95 Unrealized +39.7%

PRIM PRIMORIS SERVICE 0.1%

Value ($000) $0 (-23.1%) Shares 2,254 (-15.0%) Est. Cost $38.30 Unrealized +240.9%

OGN ORGANON & CO 0.0%

Value ($000) $0 (-42.9%) Shares 15,167 (-15.0%) Est. Cost $14.81 Unrealized -46.7%

PRDO PERDOCEO EDUCATI 0.1%

Value ($000) $0 (-33.8%) Shares 5,410 (-15.0%) Est. Cost $29.27 Unrealized +7.6%

UBER UBER TECHNOLOGIE 0.1%

Value ($000) $0 (-38.5%) Shares 1,440 (-29.4%) Est. Cost $63.78 Unrealized +41.2%

CRUS CIRRUS LOGIC INC 0.1%

Value ($000) $0 (-19.8%) Shares 2,602 (-15.0%) Est. Cost $102.52 Unrealized +20.1%

DINO HF SINCLAIR CORP 0.1%

Value ($000) $0 (-25.1%) Shares 4,722 (-15.0%) Est. Cost $40.79 Unrealized +25.7%

GTES GATES INDUSTRIAL 0.1%

Value ($000) $0 (-26.4%) Shares 9,461 (-15.0%) Est. Cost $20.17 Unrealized +14.4%

PDD PDD HOLDINGS INC 0.0%

Value ($000) $0 (-54.5%) Shares 500 (-50.0%) Est. Cost $0.12 Unrealized —

EPR EPR PROPERTIES 0.1%

Value ($000) $0 (-26.8%) Shares 3,879 (-15.0%) Est. Cost $0.04 Unrealized —

KBH KB HOME 0.1%

Value ($000) $0 (-24.6%) Shares 3,803 (-15.0%) Est. Cost $47.29 Unrealized +29.3%

R RYDER SYSTEM INC 0.2%

Value ($000) $0 (-13.9%) Shares 2,237 (-15.0%) Est. Cost $142.83 Unrealized +25.8%

INGR INGREDION INC 0.1%

Value ($000) $0 (-23.2%) Shares 2,069 (-15.0%) Est. Cost $140.38 Unrealized -19.7%

HALO HALOZYME THERAPE 0.1%

Value ($000) $0 (-22.0%) Shares 3,532 (-15.0%) Est. Cost $56.90 Unrealized +18.2%

OZK BANK OZK 0.1%

Value ($000) $0 (-23.3%) Shares 4,722 (-15.0%) Est. Cost $39.62 Unrealized +16.8%

PVH PVH CORP 0.1%

Value ($000) $0 (-32.1%) Shares 1,924 (-15.0%) Est. Cost $101.56 Unrealized -23.0%

HIW HIGHWOODS PROP 0.1%

Value ($000) $0 (-31.3%) Shares 5,121 (-15.0%) Est. Cost $0.03 Unrealized —

HOG HARLEY-DAVIDSON 0.0%

Value ($000) $0 (-37.8%) Shares 4,757 (-15.0%) Est. Cost $34.88 Unrealized -29.5%

ASB ASSOC BANC-CORP 0.1%

Value ($000) $0 (-14.7%) Shares 12,837 (-15.0%) Est. Cost $23.43 Unrealized +9.2%

MTG MGIC INVT CORP 0.2%

Value ($000) $0 (-12.6%) Shares 13,363 (-15.0%) Est. Cost $24.41 Unrealized +15.0%

BLX BANCO LATINOAM-E 0.1%

Value ($000) $0 (-17.4%) Shares 5,757 (-15.0%) Est. Cost $39.18 Unrealized +13.8%

OFG OFG BANCORP 0.1%

Value ($000) $0 (-20.1%) Shares 5,231 (-15.0%) Est. Cost $36.47 Unrealized +12.3%

AVT AVNET INC 0.1%

Value ($000) $0 (-21.9%) Shares 3,941 (-15.0%) Est. Cost $44.54 Unrealized +9.8%

AMKR AMKOR TECH INC 0.2%

Value ($000) $0 (+18.0%) Shares 8,791 (-15.0%) Est. Cost $25.04 Unrealized +42.0%

OSK OSHKOSH CORP 0.1%

Value ($000) $0 (-17.5%) Shares 1,980 (-15.0%) Est. Cost $103.58 Unrealized +23.5%

TPH TRI POINTE HOMES 0.1%

Value ($000) $0 (-21.2%) Shares 6,248 (-15.0%) Est. Cost $34.10 Unrealized -4.7%

SNX TD SYNNEX CORP 0.1%

Value ($000) $0 (-21.8%) Shares 1,191 (-15.0%) Est. Cost $100.37 Unrealized +52.3%

WKC WORLD KINECT COR 0.1%

Value ($000) $0 (-23.3%) Shares 7,040 (-15.0%) Est. Cost $28.55 Unrealized -13.6%

FBP FIRST BANCORP PR 0.1%

Value ($000) $0 (-19.9%) Shares 9,693 (-15.0%) Est. Cost $17.31 Unrealized +19.0%

CUZ COUSINS PROP 0.1%

Value ($000) $0 (-24.6%) Shares 5,832 (-15.0%) Est. Cost $0.03 Unrealized —

SANM SANMINA CORP 0.2%

Value ($000) $1 (+10.9%) Shares 3,329 (-15.0%) Est. Cost $59.02 Unrealized +150.1%

VNT VONTIER CORP 0.1%

Value ($000) $0 (-24.7%) Shares 3,930 (-15.0%) Est. Cost $37.45 Unrealized +2.2%

ABM ABM INDUSTRIES 0.1%

Value ($000) $0 (-22.0%) Shares 4,022 (-15.0%) Est. Cost $47.48 Unrealized -8.1%

ETD ETHAN ALLEN 0.0%

Value ($000) $0 (-34.1%) Shares 3,982 (-15.0%) Est. Cost $22.04 Unrealized +10.5%

MTDR MATADOR RESOURCE 0.1%

Value ($000) $0 (-19.6%) Shares 4,545 (-15.0%) Est. Cost $54.05 Unrealized -22.3%

CNO CNO FINANCIAL GR 0.2%

Value ($000) $0 (-8.8%) Shares 10,768 (-15.0%) Est. Cost $32.73 Unrealized +24.1%

AMWD AMER WOODMARK CO 0.0%

Value ($000) $0 (-31.4%) Shares 1,740 (-15.0%) Est. Cost $56.49 Unrealized +3.7%

GPI GROUP 1 AUTOMOTI 0.1%

Value ($000) $0 (-23.6%) Shares 353 (-14.9%) Est. Cost $318.73 Unrealized +28.8%

EXEL EXELIXIS INC 0.2%

Value ($000) $0 (-9.8%) Shares 9,034 (-15.0%) Est. Cost $21.72 Unrealized +90.5%

RDN RADIAN GROUP INC 0.1%

Value ($000) $0 (-15.5%) Shares 6,531 (-15.0%) Est. Cost $30.44 Unrealized +14.2%

AGCO AGCO CORP 0.1%

Value ($000) $0 (-17.4%) Shares 1,873 (-15.0%) Est. Cost $112.63 Unrealized -5.9%

JAZZ JAZZ PHARMACEUTI 0.2%

Value ($000) $0 (+9.6%) Shares 2,751 (-15.0%) Est. Cost $108.63 Unrealized +41.1%

PLAB PHOTRONICS INC 0.1%

Value ($000) $0 (+18.6%) Shares 8,198 (-15.0%) Est. Cost $28.02 Unrealized -7.9%

HRB H&R BLOCK INC 0.0%

Value ($000) $0 (-27.0%) Shares 2,479 (-15.0%) Est. Cost $37.05 Unrealized +25.3%

HWC HANCOCK WHITNEY 0.1%

Value ($000) $0 (-13.5%) Shares 4,034 (-15.0%) Est. Cost $46.53 Unrealized +30.5%

LBRT LIBERTY ENERGY I 0.1%

Value ($000) $0 (+31.7%) Shares 8,987 (-12.1%) Est. Cost $12.11 Unrealized +38.0%

ABR ARBOR REALTY TRU 0.0%

Value ($000) $0 (-46.0%) Shares 6,046 (-15.0%) Est. Cost $0.02 Unrealized —

CSV CARRIAGE SERVICE 0.1%

Value ($000) $0 (-19.2%) Shares 3,869 (-15.0%) Est. Cost $27.12 Unrealized +59.5%

BPOP POPULAR INC 0.1%

Value ($000) $0 (-10.7%) Shares 2,603 (-8.9%) Est. Cost $83.48 Unrealized +40.9%

SM SM ENERGY CO 0.0%

Value ($000) $0 (-36.9%) Shares 3,497 (-15.0%) Est. Cost $23.52 Unrealized -14.9%

NXST NEXSTAR MEDIA 0.1%

Value ($000) $0 (-12.7%) Shares 1,289 (-15.0%) Est. Cost $150.91 Unrealized +27.8%

ENR ENERGIZER HOLDIN 0.0%

Value ($000) $0 (-31.9%) Shares 3,965 (-15.0%) Est. Cost $28.58 Unrealized -25.5%

AAT AMERICAN ASSETS 0.1%

Value ($000) $0 (-20.9%) Shares 7,421 (-15.0%) Est. Cost $10.20 Unrealized —

SXC SUNCOKE ENERGY I 0.0%

Value ($000) $0 (-24.8%) Shares 15,509 (-15.0%) Est. Cost $10.73 Unrealized -31.4%

ADT ADT INC 0.1%

Value ($000) $0 (-21.3%) Shares 16,940 (-15.0%) Est. Cost $8.04 Unrealized +2.9%

AN AUTONATION INC 0.1%

Value ($000) $0 (-20.1%) Shares 694 (-15.0%) Est. Cost $147.13 Unrealized +41.4%

MTH MERITAGE HOMES C 0.1%

Value ($000) $0 (-22.9%) Shares 1,838 (-15.0%) Est. Cost $70.07 Unrealized -1.2%

STNG SCORPIO TANKERS 0.1%

Value ($000) $0 (-22.9%) Shares 2,324 (-15.0%) Est. Cost $0.06 Unrealized —

ZION ZIONS BANCORP NA 0.1%

Value ($000) $0 (-12.1%) Shares 4,341 (-15.0%) Est. Cost $51.14 Unrealized +6.5%

KRC KILROY REALTY 0.0%

Value ($000) $0 (-25.2%) Shares 2,713 (-15.0%) Est. Cost $0.03 Unrealized —

TGNA TEGNA INC 0.1%

Value ($000) $0 (-19.0%) Shares 7,271 (-15.0%) Est. Cost $17.43 Unrealized +13.4%

SCSC SCANSOURCE INC 0.0%

Value ($000) $0 (-24.3%) Shares 2,632 (-15.0%) Est. Cost $46.33 Unrealized -10.9%

CIVI CIVITAS RESOURCE 0.0%

Value ($000) $0 (-28.7%) Shares 3,017 (-15.0%) Est. Cost $53.15 Unrealized -46.3%

HLF HERBALIFE LTD 0.1%

Value ($000) $0 (+29.9%) Shares 10,745 (-15.0%) Est. Cost $7.43 Unrealized +42.6%

RITM RITHM CAPITAL CO 0.1%

Value ($000) $0 (-19.0%) Shares 12,508 (-15.0%) Est. Cost $0.39 Unrealized —

CIM CHIMERA INV CORP 0.1%

Value ($000) $0 (-20.0%) Shares 10,311 (-15.0%) Est. Cost $0.01 Unrealized —

SBH SALLY BEAUTY HOL 0.1%

Value ($000) $0 (-18.6%) Shares 9,540 (-7.0%) Est. Cost $14.37 Unrealized +4.8%

GFF GRIFFON CORP 0.1%

Value ($000) $0 (-18.2%) Shares 1,893 (-15.0%) Est. Cost $69.17 Unrealized +7.3%

APOG APOGEE ENTERPR 0.0%

Value ($000) $0 (-28.3%) Shares 2,075 (-15.0%) Est. Cost $57.37 Unrealized -34.7%

FHN FIRST HORIZON CO 0.1%

Value ($000) $0 (-10.3%) Shares 10,600 (-15.0%) Est. Cost $13.85 Unrealized +60.2%

TDC TERADATA CORP 0.1%

Value ($000) $0 (+20.7%) Shares 5,540 (-15.0%) Est. Cost $21.75 Unrealized +20.3%

ASO ACADEMY SPORTS 0.1%

Value ($000) $0 (-15.1%) Shares 3,144 (-15.0%) Est. Cost $56.50 Unrealized -12.4%

EIG EMPLOYERS HOLDIN 0.1%

Value ($000) $0 (-13.3%) Shares 4,207 (-15.0%) Est. Cost $47.31 Unrealized -14.2%

JXN JACKSON FI-A 0.1%

Value ($000) $0 (-10.3%) Shares 2,294 (-15.0%) Est. Cost $79.10 Unrealized +25.1%

SKYW SKYWEST INC 0.1%

Value ($000) $0 (-15.4%) Shares 1,538 (-15.0%) Est. Cost $95.05 Unrealized +5.3%

GSBC GREAT SOUTHN BAN 0.1%

Value ($000) $0 (-14.9%) Shares 2,604 (-15.0%) Est. Cost $58.36 Unrealized +3.0%

SBRA SABRA HEALTH CAR 0.1%

Value ($000) $0 (-13.7%) Shares 9,346 (-15.0%) Est. Cost $0.54 Unrealized —

PSMT PRICESMART INC 0.1%

Value ($000) $0 (-13.7%) Shares 1,433 (-15.0%) Est. Cost $99.87 Unrealized +21.6%

DNOW DNOW INC 0.0%

Value ($000) $0 (-26.0%) Shares 5,774 (-15.0%) Est. Cost $15.26 Unrealized -8.0%

YELP YELP INC 0.1%

Value ($000) $0 (-17.3%) Shares 4,254 (-15.0%) Est. Cost $36.13 Unrealized -14.7%

ATKR ATKORE INC 0.1%

Value ($000) $0 (-14.2%) Shares 2,578 (-15.0%) Est. Cost $106.79 Unrealized -39.4%

TSLX SIXTH STREET SPE 0.1%

Value ($000) $0 (-19.3%) Shares 5,202 (-15.0%) Est. Cost $20.27 Unrealized +7.6%

GBDC GOLUB CAPITAL BD 0.1%

Value ($000) $0 (-15.5%) Shares 10,820 (-15.0%) Est. Cost $12.70 Unrealized +6.6%

BLMN BLOOMIN' BRANDS 0.0%

Value ($000) $0 (-26.7%) Shares 12,013 (-15.0%) Est. Cost $13.41 Unrealized -48.0%

BWA BORGWARNER INC 0.1%

Value ($000) $0 (-12.5%) Shares 4,185 (-15.0%) Est. Cost $30.35 Unrealized +44.0%

TOL TOLL BROTHERS 0.1%

Value ($000) $0 (-16.8%) Shares 989 (-15.0%) Est. Cost $106.43 Unrealized +27.5%

HRMY HARMONY BIOSCIE 0.1%

Value ($000) $0 (+15.3%) Shares 5,248 (-15.0%) Est. Cost $32.17 Unrealized +2.2%

CPF CENTRAL PACIFIC 0.1%

Value ($000) $0 (-12.7%) Shares 5,508 (-15.0%) Est. Cost $22.89 Unrealized +30.9%

BNL BROADSTONE NET 0.1%

Value ($000) $0 (-17.7%) Shares 6,705 (-15.0%) Est. Cost $0.02 Unrealized —

NMFC NEW MOUNTAIN FIN 0.0%

Value ($000) $0 (-18.7%) Shares 11,820 (-15.0%) Est. Cost $9.69 Unrealized -5.4%

EPC EDGEWELL PERSONA 0.0%

Value ($000) $0 (-29.3%) Shares 3,405 (-15.0%) Est. Cost $27.19 Unrealized -32.4%

OCFC OCEANFIRST FINL 0.1%

Value ($000) $0 (-13.1%) Shares 8,459 (-15.0%) Est. Cost $17.76 Unrealized +3.7%

OBDC BLUE OWL CAPITAL 0.1%

Value ($000) $0 (-16.9%) Shares 9,057 (-15.0%) Est. Cost $13.05 Unrealized -5.3%

RM REGIONAL MANAGEM 0.1%

Value ($000) $0 (-15.5%) Shares 3,221 (-15.0%) Est. Cost $31.30 Unrealized +22.0%

COLB COLUMBIA BANKING 0.1%

Value ($000) $0 (-7.7%) Shares 9,820 (-15.0%) Est. Cost $22.35 Unrealized +20.1%

OUT OUTFRONT MEDIA I 0.1%

Value ($000) $0 (+11.8%) Shares 9,063 (-15.0%) Est. Cost $0.02 Unrealized —

— SYNOVUS FINL 0.1%

Value ($000) $0 (-13.1%) Shares 2,913 (-15.0%) Est. Cost $14.88 Unrealized —

PNNT PENNANTPARK INVE 0.0%

Value ($000) $0 (-24.7%) Shares 11,323 (-15.0%) Est. Cost $5.01 Unrealized +18.8%

BDN BRANDYWINE RLTY 0.0%

Value ($000) $0 (-40.0%) Shares 11,189 (-15.0%) Est. Cost $5.55 Unrealized —

KELYA KELLY SERVICES-A 0.0%

Value ($000) $0 (-42.3%) Shares 3,369 (-15.0%) Est. Cost $19.57 Unrealized -48.3%

BUSE FIRST BUSEY CORP 0.1%

Value ($000) $0 (-12.8%) Shares 6,005 (-15.0%) Est. Cost $22.90 Unrealized +1.4%

GBX GREENBRIER COS 0.1%

Value ($000) $0 (-13.9%) Shares 2,774 (-15.0%) Est. Cost $43.80 Unrealized +1.4%

BDC BELDEN INC 0.0%

Value ($000) $0 (-17.5%) Shares 850 (-15.0%) Est. Cost $105.01 Unrealized +11.1%

APLE APPLE HOSPITALIT 0.0%

Value ($000) $0 (-16.4%) Shares 9,051 (-15.0%) Est. Cost $0.02 Unrealized —

FULT FULTON FINANCIAL 0.1%

Value ($000) $0 (-11.9%) Shares 8,080 (-15.0%) Est. Cost $16.42 Unrealized +11.0%

CATY CATHAY GENERAL B 0.1%

Value ($000) $0 (-14.1%) Shares 2,520 (-15.0%) Est. Cost $45.88 Unrealized +4.3%

RUSHA RUSH ENTER-CL A 0.1%

Value ($000) $0 (-14.8%) Shares 2,139 (-15.0%) Est. Cost $46.80 Unrealized +11.0%

SCVL SHOE CARNIVAL 0.0%

Value ($000) $0 (-31.3%) Shares 2,618 (-15.0%) Est. Cost $38.41 Unrealized -52.2%

UGI UGI CORP 0.2%

Value ($000) $0 (-4.4%) Shares 11,109 (-15.0%) Est. Cost $28.58 Unrealized +23.9%

GNW GENWORTH FINANCI 0.1%

Value ($000) $0 (-13.6%) Shares 13,363 (-15.0%) Est. Cost $7.12 Unrealized +22.2%

VC VISTEON CORP 0.0%

Value ($000) $0 (-32.8%) Shares 411 (-14.9%) Est. Cost $81.84 Unrealized +29.2%

PK PARK H&R INC 0.0%

Value ($000) $0 (-19.4%) Shares 7,144 (-15.0%) Est. Cost $0.02 Unrealized —

WNC WABASH NATIONAL 0.0%

Value ($000) $0 (-25.7%) Shares 6,057 (-15.0%) Est. Cost $20.43 Unrealized -57.7%

ADEA ADEIA INC 0.1%

Value ($000) $0 (-13.2%) Shares 6,866 (-15.0%) Est. Cost $10.43 Unrealized +41.8%

DCOM DIME COMMUNITY B 0.0%

Value ($000) $0 (-14.4%) Shares 3,572 (-15.0%) Est. Cost $22.58 Unrealized +26.7%

KOP KOPPERS HOLDINGS 0.0%

Value ($000) $0 (-17.8%) Shares 3,080 (-15.0%) Est. Cost $34.99 Unrealized -20.2%

HOPE HOPE BANCORP INC 0.1%

Value ($000) $0 (-13.5%) Shares 10,479 (-15.0%) Est. Cost $12.98 Unrealized -17.0%

DHT DHT HOLDINGS INC 0.0%

Value ($000) $0 (-13.3%) Shares 9,086 (-15.0%) Est. Cost $9.61 Unrealized +27.8%

HAFC HANMI FINL CORP 0.1%

Value ($000) $0 (-7.2%) Shares 8,115 (-15.0%) Est. Cost $22.83 Unrealized +17.2%

EVTC EVERTEC INC 0.0%

Value ($000) $0 (-26.2%) Shares 1,647 (-15.0%) Est. Cost $37.26 Unrealized -20.3%

HP HELMERICH & PAYN 0.1%

Value ($000) $0 (+10.6%) Shares 6,162 (-15.0%) Est. Cost $18.33 Unrealized +44.9%

GIII G III APPAREL 0.1%

Value ($000) $0 (-7.6%) Shares 7,109 (-15.0%) Est. Cost $30.04 Unrealized -5.2%

ACCO ACCO BRANDS CORP 0.0%

Value ($000) $0 (-21.0%) Shares 17,224 (-15.0%) Est. Cost $5.43 Unrealized -32.7%

NTCT NETSCOUT SYSTEMS 0.1%

Value ($000) $0 (-11.1%) Shares 4,728 (-15.0%) Est. Cost $22.23 Unrealized +21.6%

GTM ZOOMINFO TECH 0.0%

Value ($000) $0 (-21.1%) Shares 5,947 (-15.0%) Est. Cost $9.25 Unrealized +11.3%

RWT REDWOOD TRUST 0.0%

Value ($000) $0 (-18.6%) Shares 12,636 (-15.0%) Est. Cost $4.15 Unrealized —

PEBO PEOPLES BANC INC 0.0%

Value ($000) $0 (-14.9%) Shares 2,853 (-15.0%) Est. Cost $30.69 Unrealized -3.2%

ALKS ALKERMES PLC 0.0%

Value ($000) $0 (-20.5%) Shares 2,064 (-15.0%) Est. Cost $29.76 Unrealized +0.6%

HBNC HORIZON BANCORP 0.1%

Value ($000) $0 (-10.1%) Shares 7,890 (-15.0%) Est. Cost $18.34 Unrealized -9.7%

IRWD IRONWOOD PHARMAC 0.0%

Value ($000) $0 (+115.4%) Shares 8,386 (-15.0%) Est. Cost $4.79 Unrealized -45.8%

PAG PENSKE AUTOMOTIV 0.0%

Value ($000) $0 (-22.7%) Shares 324 (-15.0%) Est. Cost $156.20 Unrealized +5.3%

COLL COLLEGIUM PHARMA 0.1%

Value ($000) $0 (+12.2%) Shares 2,785 (-15.0%) Est. Cost $28.52 Unrealized +46.7%

— GUESS INC 0.0%

Value ($000) $0 (-14.7%) Shares 4,826 (-15.0%) Est. Cost $6.98 Unrealized —

— CITY OFFICE REIT 0.0%

Value ($000) $0 (-14.6%) Shares 11,752 (-15.0%) Est. Cost $1.71 Unrealized —

FCF FIRST COMMON FIN 0.0%

Value ($000) $0 (-16.1%) Shares 4,346 (-15.0%) Est. Cost $16.25 Unrealized -0.2%

CROX CROCS INC 0.0%

Value ($000) $0 (-13.6%) Shares 1,046 (-15.0%) Est. Cost $101.95 Unrealized -18.0%

MBWM MERCANTILE BANK 0.1%

Value ($000) $0 (-9.4%) Shares 2,813 (-15.0%) Est. Cost $41.57 Unrealized +10.3%

CENTA CENTRAL GARDEN-A 0.0%

Value ($000) $0 (-16.9%) Shares 2,376 (-15.0%) Est. Cost $31.22 Unrealized -7.4%

AXS AXIS CAPITAL 0.1%

Value ($000) $0 (-5.1%) Shares 2,277 (-15.0%) Est. Cost $67.89 Unrealized +46.3%

EBF ENNIS INC 0.0%

Value ($000) $0 (-17.1%) Shares 3,520 (-15.0%) Est. Cost $18.83 Unrealized -8.9%

THFF FIRST FINANCIAL 0.1%

Value ($000) $0 (-9.1%) Shares 2,149 (-15.0%) Est. Cost $48.43 Unrealized +17.8%

QUAD QUAD GRAPHICS IN 0.0%

Value ($000) $0 (-14.1%) Shares 12,526 (-15.0%) Est. Cost $6.48 Unrealized -9.2%

IMKTA INGLES MARKETS-A 0.0%

Value ($000) $0 (-16.9%) Shares 940 (-15.0%) Est. Cost $78.20 Unrealized -7.3%

ASIX ADVANSIX INC 0.0%

Value ($000) $0 (-16.3%) Shares 3,897 (-5.2%) Est. Cost $25.88 Unrealized -32.9%

CNR CORE NATURAL RES 0.1%

Value ($000) $0 (-9.6%) Shares 1,389 (-15.0%) Est. Cost $84.05 Unrealized +1.3%

CGBD CARLYLE SECURED 0.0%

Value ($000) $0 (-15.9%) Shares 5,543 (-15.0%) Est. Cost $12.44 Unrealized -3.1%

IART INTEGRA LIFESCIE 0.0%

Value ($000) $0 (-14.9%) Shares 5,986 (-1.8%) Est. Cost $14.52 Unrealized -8.4%

FSK FS KKR CAPITAL C 0.0%

Value ($000) $0 (-15.4%) Shares 4,445 (-15.0%) Est. Cost $15.23 Unrealized -3.5%

WAFD WAFD INC 0.0%

Value ($000) $0 (-10.1%) Shares 3,346 (-15.0%) Est. Cost $31.89 Unrealized -4.4%

SLVM SYLVAMO CORP 0.1%

Value ($000) $0 (-7.4%) Shares 3,127 (-15.0%) Est. Cost $54.69 Unrealized -17.6%

FIHL FIDELIS INSURANC 0.1%

Value ($000) $0 (-8.3%) Shares 6,721 (-15.0%) Est. Cost $16.48 Unrealized +13.1%

FNB FNB CORP 0.0%

Value ($000) $0 (-9.8%) Shares 6,439 (-15.0%) Est. Cost $13.14 Unrealized +23.8%

CSTM CONSTELLIUM SE 0.1%

Value ($000) $0 (+7.9%) Shares 8,629 (-15.0%) Est. Cost $11.23 Unrealized +47.8%

XRN GLOBAL MEDICAL R 0.0%

Value ($000) $0 (-14.1%) Shares 2,150 (-15.0%) Est. Cost $0.03 Unrealized —

SVC SERVICE PROPERTI 0.0%

Value ($000) $0 (-42.9%) Shares 8,699 (-15.0%) Est. Cost $0.17 Unrealized —

INMD INMODE LTD 0.0%

Value ($000) $0 (-16.4%) Shares 4,144 (-15.0%) Est. Cost $18.03 Unrealized -18.4%

KRG KITE REALTY GROU 0.1%

Value ($000) $0 (-8.0%) Shares 5,237 (-15.0%) Est. Cost $0.02 Unrealized —

CFFN CAPITOL FEDERAL 0.0%

Value ($000) $0 (-9.4%) Shares 15,629 (-15.0%) Est. Cost $5.38 Unrealized +18.2%

PRGS PROGRESS SOFTWAR 0.0%

Value ($000) $0 (-15.9%) Shares 1,339 (-15.0%) Est. Cost $58.55 Unrealized -25.6%

NAVI NAVIENT CORP 0.0%

Value ($000) $0 (-15.7%) Shares 4,554 (-15.0%) Est. Cost $15.08 Unrealized -17.4%

ARI APOLLO COMMERCIA 0.0%

Value ($000) $0 (-18.6%) Shares 4,941 (-15.0%) Est. Cost $0.58 Unrealized —

ILPT INDUSTRIAL LOGIS 0.0%

Value ($000) $0 (-18.5%) Shares 7,886 (-15.0%) Est. Cost $2.29 Unrealized —

LNC LINCOLN NATL CRP 0.1%

Value ($000) $0 (-6.1%) Shares 3,456 (-15.0%) Est. Cost $31.54 Unrealized +30.5%

VAC MARRIOTT VACATIO 0.0%

Value ($000) $0 (-27.0%) Shares 471 (-15.0%) Est. Cost $79.95 Unrealized -26.1%

DXC DXC TECHNOLOGY C 0.0%

Value ($000) $0 (-8.9%) Shares 6,971 (-15.0%) Est. Cost $15.38 Unrealized -10.6%

GOOD GLADSTONE COMMER 0.0%

Value ($000) $0 (-26.3%) Shares 2,647 (-15.0%) Est. Cost $0.97 Unrealized —

SGC SUPERIOR GROUP O 0.0%

Value ($000) $0 (-24.3%) Shares 2,902 (-15.0%) Est. Cost $12.26 Unrealized -20.3%

IMXI INTERNATIONAL MO 0.1%

Value ($000) $0 (-7.0%) Shares 7,774 (-15.0%) Est. Cost $11.41 Unrealized +31.6%

MUR MURPHY OIL CORP 0.1%

Value ($000) $0 (-6.4%) Shares 4,179 (-15.0%) Est. Cost $30.83 Unrealized -4.0%

NGVT INGEVITY CORP 0.0%

Value ($000) $0 (-8.3%) Shares 1,670 (-15.0%) Est. Cost $41.86 Unrealized +29.6%

WSBC WESBANCO INC 0.0%

Value ($000) $0 (-10.8%) Shares 2,215 (-15.0%) Est. Cost $31.52 Unrealized +2.6%

SSTK SHUTTERSTOCK INC 0.0%

Value ($000) $0 (-22.5%) Shares 1,630 (-15.0%) Est. Cost $17.59 Unrealized +21.5%

CTBI COMMUNI TRUST BA 0.0%

Value ($000) $0 (-13.8%) Shares 983 (-15.0%) Est. Cost $41.98 Unrealized +30.7%

BBT BEACON FINANCIAL 0.1%

Value ($000) $0 (-5.2%) Shares 5,489 (-15.0%) Est. Cost $24.45 Unrealized +2.0%

MFA MFA FINANCIAL 0.0%

Value ($000) $0 (-15.1%) Shares 4,874 (-15.0%) Est. Cost $0.23 Unrealized —

VLY VALLEY NATL BANC 0.1%

Value ($000) $0 (-6.5%) Shares 9,924 (-15.0%) Est. Cost $8.68 Unrealized +27.8%

UVE UNIVERSAL INSURA 0.0%

Value ($000) $0 (+9.3%) Shares 2,768 (-15.0%) Est. Cost $16.57 Unrealized +92.5%

PLTK PLAYTIKA HOLDING 0.0%

Value ($000) $0 (-14.3%) Shares 12,274 (-15.0%) Est. Cost $4.92 Unrealized -20.5%

MLI MUELLER INDS 0.1%

Value ($000) $0 (-3.6%) Shares 1,850 (-15.0%) Est. Cost $73.81 Unrealized +45.5%

SB SAFE BULKERS INC 0.0%

Value ($000) $0 (-7.4%) Shares 17,975 (-15.0%) Est. Cost $3.58 Unrealized +32.5%

QDEL QUIDELORTHO CORP 0.0%

Value ($000) $0 (-17.9%) Shares 1,125 (-15.0%) Est. Cost $42.56 Unrealized -36.3%

AMG AFFIL MANAGERS 0.1%

Value ($000) $0 (+2.8%) Shares 902 (-15.0%) Est. Cost $145.29 Unrealized +77.9%

ONB OLD NATL BANCORP 0.0%

Value ($000) $0 (-13.5%) Shares 2,003 (-15.0%) Est. Cost $18.94 Unrealized +13.8%

BTU PEABODY ENERGY 0.1%

Value ($000) $0 (-4.8%) Shares 4,641 (-15.0%) Est. Cost $13.08 Unrealized +124.4%

CNX CNX RESOURCES CO 0.1%

Value ($000) $0 (-2.6%) Shares 6,017 (-15.0%) Est. Cost $31.51 Unrealized +13.7%

OSBC OLD SECOND BNCRP 0.1%

Value ($000) $0 (-4.1%) Shares 7,170 (-15.0%) Est. Cost $16.11 Unrealized +15.4%

UPWK UPWORK INC 0.0%

Value ($000) $0 (-9.7%) Shares 2,843 (-15.0%) Est. Cost $14.36 Unrealized +27.8%

LNTH LANTHEUS HOLDING 0.0%

Value ($000) $0 (+10.3%) Shares 962 (-15.0%) Est. Cost $87.82 Unrealized -33.7%

JAKK JAKKS PACIFIC 0.0%

Value ($000) $0 (-23.1%) Shares 1,160 (-15.0%) Est. Cost $19.63 Unrealized -12.6%

CTO CTO REALTY GROWT 0.0%

Value ($000) $0 (-4.8%) Shares 5,454 (-15.0%) Est. Cost $1.79 Unrealized —

CAC CAMDEN NATIONAL 0.1%

Value ($000) $0 (-3.9%) Shares 2,803 (-15.0%) Est. Cost $39.20 Unrealized +1.7%

PBH PRESTIGE CONSUME 0.0%

Value ($000) $0 (-16.7%) Shares 405 (-14.9%) Est. Cost $60.16 Unrealized +1.7%

TKR TIMKEN CO 0.0%

Value ($000) $0 (-5.1%) Shares 1,115 (-15.0%) Est. Cost $80.31 Unrealized -0.9%

ARCB ARCBEST CORP 0.0%

Value ($000) $0 (-8.6%) Shares 711 (-15.0%) Est. Cost $99.54 Unrealized -28.7%

HVT HAVERTY FURNITUR 0.0%

Value ($000) $0 (-10.0%) Shares 1,942 (-15.0%) Est. Cost $27.84 Unrealized -19.2%

PII POLARIS INC 0.0%

Value ($000) $0 (-7.8%) Shares 745 (-15.1%) Est. Cost $37.69 Unrealized +74.7%

PKOH PARK OHIO HLDGS 0.0%

Value ($000) $0 (-16.7%) Shares 954 (-15.0%) Est. Cost $23.24 Unrealized -11.3%

DIN DINE BRANDS GLOB 0.0%

Value ($000) $0 (+9.8%) Shares 1,410 (-15.0%) Est. Cost $30.07 Unrealized -3.9%

UTHR UNITED THERAPEUT 0.1%

Value ($000) $0 (-1.5%) Shares 555 (-15.0%) Est. Cost $221.36 Unrealized +110.4%

NTB BANK NT BUTTERFI 0.1%

Value ($000) $0 (-1.5%) Shares 5,327 (-15.0%) Est. Cost $31.83 Unrealized +44.8%

MAGN MAGNERA CORP 0.0%

Value ($000) $0 (+28.6%) Shares 1,157 (-3.6%) Est. Cost $20.46 Unrealized -43.4%

GPOR GULFPORT ENERGY 0.1%

Value ($000) $0 (-2.3%) Shares 821 (-15.0%) Est. Cost $146.49 Unrealized +36.1%

CVLG COVENANT LOGISTI 0.0%

Value ($000) $0 (-13.3%) Shares 1,168 (-15.0%) Est. Cost $25.27 Unrealized -17.2%

SNCY SUN COUNTRY HOLD 0.0%

Value ($000) $0 (+3.9%) Shares 7,415 (-15.0%) Est. Cost $10.99 Unrealized +16.3%

PHIN PHINIA INC 0.0%

Value ($000) $0 (-6.0%) Shares 742 (-15.0%) Est. Cost $41.60 Unrealized +32.5%

GCO GENESCO INC 0.0%

Value ($000) $0 (-30.0%) Shares 300 (-15.0%) Est. Cost $31.17 Unrealized -8.0%

OI O-I GLASS INC 0.0%

Value ($000) $0 (-3.8%) Shares 5,103 (-15.0%) Est. Cost $13.79 Unrealized -4.1%

CSGS CSG SYSTEMS INTL 0.1%

Value ($000) $0 (+1.5%) Shares 2,711 (-15.0%) Est. Cost $53.19 Unrealized +38.2%

CMC COMMERCIAL METAL 0.1%

Value ($000) $0 (+2.4%) Shares 1,821 (-15.0%) Est. Cost $49.93 Unrealized +25.0%

SPB SPECTRUM BRANDS 0.0%

Value ($000) $0 (-4.6%) Shares 1,052 (-15.0%) Est. Cost $87.40 Unrealized -35.6%

NEU NEWMARKET CORP 0.0%

Value ($000) $0 (-33.3%) Shares 9 (-18.2%) Est. Cost $613.76 Unrealized +24.0%

GEF GREIF INC-CL A 0.0%

Value ($000) $0 (-3.0%) Shares 942 (-15.0%) Est. Cost $57.86 Unrealized +7.5%

DLX DELUXE CORP 0.0%

Value ($000) $0 (-2.2%) Shares 4,046 (-15.0%) Est. Cost $20.17 Unrealized -2.0%

LOCO EL POLLO LOCO HO 0.0%

Value ($000) $0 (+3.2%) Shares 6,195 (-4.9%) Est. Cost $9.91 Unrealized +4.2%

WGO WINNEBAGO INDS 0.0%

Value ($000) $0 (+4.0%) Shares 1,272 (-15.0%) Est. Cost $59.59 Unrealized -38.8%

FISI FINANCIAL INST 0.0%

Value ($000) $0 (-2.5%) Shares 2,542 (-15.0%) Est. Cost $23.66 Unrealized +23.6%

UNIT UNITI GROUP INC 0.0%

Value ($000) $0 (-2.9%) Shares 9,562 (-15.0%) Est. Cost $7.46 Unrealized -15.1%

WCC WESCO INTL 0.1%

Value ($000) $0 (-1.7%) Shares 479 (-15.1%) Est. Cost $159.82 Unrealized +53.3%

QCRH QCR HOLDINGS INC 0.0%

Value ($000) $0 (-5.6%) Shares 200 (-14.9%) Est. Cost $61.76 Unrealized +27.4%

FDP FRESH DEL MONTE 0.0%

Value ($000) $0 (-14.3%) Shares 166 (-14.9%) Est. Cost $32.24 Unrealized +10.3%

CPRX CATALYST PHARMAC 0.1%

Value ($000) $0 (+0.7%) Shares 6,525 (-15.0%) Est. Cost $19.12 Unrealized +16.5%

BKU BANKUNITED INC 0.1%

Value ($000) $0 (-0.6%) Shares 3,514 (-15.0%) Est. Cost $32.77 Unrealized +25.4%

CRI CARTER'S INC 0.0%

Value ($000) $0 (-1.9%) Shares 1,572 (-15.0%) Est. Cost $62.68 Unrealized -50.4%

MAT MATTEL INC 0.1%

Value ($000) $0 (+0.5%) Shares 9,715 (-15.0%) Est. Cost $17.80 Unrealized +8.5%

TNL TRAVEL LEISURE 0.1%

Value ($000) $0 (+0.8%) Shares 1,844 (-15.0%) Est. Cost $45.77 Unrealized +42.3%

NOV NOV INC 0.1%

Value ($000) $0 (+0.6%) Shares 10,849 (-15.0%) Est. Cost $12.60 Unrealized +17.8%

PTEN PATTERSON-UTI 0.0%

Value ($000) $0 (0.0%) Shares 5,624 (-15.0%) Est. Cost $10.90 Unrealized -45.2%

LIVN LIVANOVA PLC 0.1%

Value ($000) $0 (0.0%) Shares 2,907 (-15.0%) Est. Cost $41.26 Unrealized +38.5%

GT GOODYEAR TIRE 0.0%

Value ($000) $0 (0.0%) Shares 4,323 (-15.0%) Est. Cost $10.15 Unrealized -22.4%

AMAL AMALGAMATED FINA 0.0%

Value ($000) $0 (0.0%) Shares 2,723 (-15.0%) Est. Cost $28.83 Unrealized +0.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VUG	VANGUARD GRW ETF	32,079 (-24.9%)	$16 (-23.5%)	7.0%	$0.43	—	TR UNIT	922908736
AMZN	AMAZON.COM INC	84,235 (-2.3%)	$21 (+10.1%)	9.3%	$134.64	+69.9%	COM	023135106
SNOW	SNOWFLAKE INC	1,060 (-65.4%)	$0 (-66.4%)	0.1%	$128.71	+89.6%	COM	833445109
VTV	VANGUARD VAL ETF	200 (-89.2%)	$0 (-88.8%)	0.0%	$0.42	—	TR UNIT	922908744
TEM	TEMPUS AI INC-A	500 (-86.4%)	$0 (-88.9%)	0.0%	$70.04	+11.7%	COM	88023B103
OSCR	OSCAR HEALTH -A	2,600 (-80.2%)	$0 (-81.5%)	0.0%	$16.11	+7.4%	COM	687793109
ARM	ARM HOLDINGS PLC	3,250 (-16.7%)	$0 (-34.2%)	0.2%	$0.12	—	ADR	042068205
MDB	MONGODB INC	1,370 (-42.2%)	$1 (-24.0%)	0.2%	$244.86	+48.6%	COM	60937P106
ALAB	ASTERA LABS INC	250 (-75.0%)	$0 (-79.1%)	0.0%	$92.51	+80.8%	COM	04626A103
MU	MICRON TECH	1,750 (-61.1%)	$1 (-19.8%)	0.3%	$97.72	+134.7%	COM	595112103
UNH	UNITEDHEALTH GRP	1,850 (-17.8%)	$1 (-18.1%)	0.3%	$298.94	+12.8%	COM	91324P102
ARKW	ARK NEXT GENERAT	4,880 (-1.1%)	$1 (-15.5%)	0.3%	$0.92	—	TR UNIT	00214Q401
CVSA	ADTALEM GLOBAL E	1,667 (-9.9%)	$0 (-39.9%)	0.1%	$118.24	-3.1%	COM	00737L103
NFG	NATL FUEL GAS CO	3,323 (-15.0%)	$0 (-26.3%)	0.1%	$58.95	+39.7%	COM	636180101
PRIM	PRIMORIS SERVICE	2,254 (-15.0%)	$0 (-23.1%)	0.1%	$38.30	+240.9%	COM	74164F103
OGN	ORGANON & CO	15,167 (-15.0%)	$0 (-42.9%)	0.0%	$14.81	-46.7%	COM	68622V106
PRDO	PERDOCEO EDUCATI	5,410 (-15.0%)	$0 (-33.8%)	0.1%	$29.27	+7.6%	COM	71363P106
UBER	UBER TECHNOLOGIE	1,440 (-29.4%)	$0 (-38.5%)	0.1%	$63.78	+41.2%	COM	90353T100
CRUS	CIRRUS LOGIC INC	2,602 (-15.0%)	$0 (-19.8%)	0.1%	$102.52	+20.1%	COM	172755100
DINO	HF SINCLAIR CORP	4,722 (-15.0%)	$0 (-25.1%)	0.1%	$40.79	+25.7%	COM	403949100
GTES	GATES INDUSTRIAL	9,461 (-15.0%)	$0 (-26.4%)	0.1%	$20.17	+14.4%	COM	G39108108
PDD	PDD HOLDINGS INC	500 (-50.0%)	$0 (-54.5%)	0.0%	$0.12	—	ADR	722304102
EPR	EPR PROPERTIES	3,879 (-15.0%)	$0 (-26.8%)	0.1%	$0.04	—	COM	26884U109
KBH	KB HOME	3,803 (-15.0%)	$0 (-24.6%)	0.1%	$47.29	+29.3%	COM	48666K109
R	RYDER SYSTEM INC	2,237 (-15.0%)	$0 (-13.9%)	0.2%	$142.83	+25.8%	COM	783549108
INGR	INGREDION INC	2,069 (-15.0%)	$0 (-23.2%)	0.1%	$140.38	-19.7%	COM	457187102
HALO	HALOZYME THERAPE	3,532 (-15.0%)	$0 (-22.0%)	0.1%	$56.90	+18.2%	COM	40637H109
OZK	BANK OZK	4,722 (-15.0%)	$0 (-23.3%)	0.1%	$39.62	+16.8%	COM	06417N103
PVH	PVH CORP	1,924 (-15.0%)	$0 (-32.1%)	0.1%	$101.56	-23.0%	COM	693656100
HIW	HIGHWOODS PROP	5,121 (-15.0%)	$0 (-31.3%)	0.1%	$0.03	—	COM	431284108
HOG	HARLEY-DAVIDSON	4,757 (-15.0%)	$0 (-37.8%)	0.0%	$34.88	-29.5%	COM	412822108
ASB	ASSOC BANC-CORP	12,837 (-15.0%)	$0 (-14.7%)	0.1%	$23.43	+9.2%	COM	045487105
MTG	MGIC INVT CORP	13,363 (-15.0%)	$0 (-12.6%)	0.2%	$24.41	+15.0%	COM	552848103
BLX	BANCO LATINOAM-E	5,757 (-15.0%)	$0 (-17.4%)	0.1%	$39.18	+13.8%	COM	P16994132
OFG	OFG BANCORP	5,231 (-15.0%)	$0 (-20.1%)	0.1%	$36.47	+12.3%	COM	67103X102
AVT	AVNET INC	3,941 (-15.0%)	$0 (-21.9%)	0.1%	$44.54	+9.8%	COM	053807103
AMKR	AMKOR TECH INC	8,791 (-15.0%)	$0 (+18.0%)	0.2%	$25.04	+42.0%	COM	031652100
OSK	OSHKOSH CORP	1,980 (-15.0%)	$0 (-17.5%)	0.1%	$103.58	+23.5%	COM	688239201
TPH	TRI POINTE HOMES	6,248 (-15.0%)	$0 (-21.2%)	0.1%	$34.10	-4.7%	COM	87265H109
SNX	TD SYNNEX CORP	1,191 (-15.0%)	$0 (-21.8%)	0.1%	$100.37	+52.3%	COM	87162W100
WKC	WORLD KINECT COR	7,040 (-15.0%)	$0 (-23.3%)	0.1%	$28.55	-13.6%	COM	981475106
FBP	FIRST BANCORP PR	9,693 (-15.0%)	$0 (-19.9%)	0.1%	$17.31	+19.0%	COM	318672706
CUZ	COUSINS PROP	5,832 (-15.0%)	$0 (-24.6%)	0.1%	$0.03	—	COM	222795502
SANM	SANMINA CORP	3,329 (-15.0%)	$1 (+10.9%)	0.2%	$59.02	+150.1%	COM	801056102
VNT	VONTIER CORP	3,930 (-15.0%)	$0 (-24.7%)	0.1%	$37.45	+2.2%	COM	928881101
ABM	ABM INDUSTRIES	4,022 (-15.0%)	$0 (-22.0%)	0.1%	$47.48	-8.1%	COM	000957100
ETD	ETHAN ALLEN	3,982 (-15.0%)	$0 (-34.1%)	0.0%	$22.04	+10.5%	COM	297602104
MTDR	MATADOR RESOURCE	4,545 (-15.0%)	$0 (-19.6%)	0.1%	$54.05	-22.3%	COM	576485205
CNO	CNO FINANCIAL GR	10,768 (-15.0%)	$0 (-8.8%)	0.2%	$32.73	+24.1%	COM	12621E103
AMWD	AMER WOODMARK CO	1,740 (-15.0%)	$0 (-31.4%)	0.0%	$56.49	+3.7%	COM	030506109
GPI	GROUP 1 AUTOMOTI	353 (-14.9%)	$0 (-23.6%)	0.1%	$318.73	+28.8%	COM	398905109
EXEL	EXELIXIS INC	9,034 (-15.0%)	$0 (-9.8%)	0.2%	$21.72	+90.5%	COM	30161Q104
RDN	RADIAN GROUP INC	6,531 (-15.0%)	$0 (-15.5%)	0.1%	$30.44	+14.2%	COM	750236101
AGCO	AGCO CORP	1,873 (-15.0%)	$0 (-17.4%)	0.1%	$112.63	-5.9%	COM	001084102
JAZZ	JAZZ PHARMACEUTI	2,751 (-15.0%)	$0 (+9.6%)	0.2%	$108.63	+41.1%	COM	G50871105
PLAB	PHOTRONICS INC	8,198 (-15.0%)	$0 (+18.6%)	0.1%	$28.02	-7.9%	COM	719405102
HRB	H&R BLOCK INC	2,479 (-15.0%)	$0 (-27.0%)	0.0%	$37.05	+25.3%	COM	093671105
HWC	HANCOCK WHITNEY	4,034 (-15.0%)	$0 (-13.5%)	0.1%	$46.53	+30.5%	COM	410120109
LBRT	LIBERTY ENERGY I	8,987 (-12.1%)	$0 (+31.7%)	0.1%	$12.11	+38.0%	COM	53115L104
ABR	ARBOR REALTY TRU	6,046 (-15.0%)	$0 (-46.0%)	0.0%	$0.02	—	COM	038923108
CSV	CARRIAGE SERVICE	3,869 (-15.0%)	$0 (-19.2%)	0.1%	$27.12	+59.5%	COM	143905107
BPOP	POPULAR INC	2,603 (-8.9%)	$0 (-10.7%)	0.1%	$83.48	+40.9%	COM	733174700
SM	SM ENERGY CO	3,497 (-15.0%)	$0 (-36.9%)	0.0%	$23.52	-14.9%	COM	78454L100
NXST	NEXSTAR MEDIA	1,289 (-15.0%)	$0 (-12.7%)	0.1%	$150.91	+27.8%	COM	65336K103
ENR	ENERGIZER HOLDIN	3,965 (-15.0%)	$0 (-31.9%)	0.0%	$28.58	-25.5%	COM	29272W109
AAT	AMERICAN ASSETS	7,421 (-15.0%)	$0 (-20.9%)	0.1%	$10.20	—	COM	024013104
SXC	SUNCOKE ENERGY I	15,509 (-15.0%)	$0 (-24.8%)	0.0%	$10.73	-31.4%	COM	86722A103
ADT	ADT INC	16,940 (-15.0%)	$0 (-21.3%)	0.1%	$8.04	+2.9%	COM	00090Q103
AN	AUTONATION INC	694 (-15.0%)	$0 (-20.1%)	0.1%	$147.13	+41.4%	COM	05329W102
MTH	MERITAGE HOMES C	1,838 (-15.0%)	$0 (-22.9%)	0.1%	$70.07	-1.2%	COM	59001A102
STNG	SCORPIO TANKERS	2,324 (-15.0%)	$0 (-22.9%)	0.1%	$0.06	—	COM	Y7542C130
ZION	ZIONS BANCORP NA	4,341 (-15.0%)	$0 (-12.1%)	0.1%	$51.14	+6.5%	COM	989701107
KRC	KILROY REALTY	2,713 (-15.0%)	$0 (-25.2%)	0.0%	$0.03	—	COM	49427F108
TGNA	TEGNA INC	7,271 (-15.0%)	$0 (-19.0%)	0.1%	$17.43	+13.4%	COM	87901J105
SCSC	SCANSOURCE INC	2,632 (-15.0%)	$0 (-24.3%)	0.0%	$46.33	-10.9%	COM	806037107
CIVI	CIVITAS RESOURCE	3,017 (-15.0%)	$0 (-28.7%)	0.0%	$53.15	-46.3%	COM	17888H103
HLF	HERBALIFE LTD	10,745 (-15.0%)	$0 (+29.9%)	0.1%	$7.43	+42.6%	COM	G4412G101
RITM	RITHM CAPITAL CO	12,508 (-15.0%)	$0 (-19.0%)	0.1%	$0.39	—	COM	64828T201
CIM	CHIMERA INV CORP	10,311 (-15.0%)	$0 (-20.0%)	0.1%	$0.01	—	COM	16934Q802
SBH	SALLY BEAUTY HOL	9,540 (-7.0%)	$0 (-18.6%)	0.1%	$14.37	+4.8%	COM	79546E104
GFF	GRIFFON CORP	1,893 (-15.0%)	$0 (-18.2%)	0.1%	$69.17	+7.3%	COM	398433102
APOG	APOGEE ENTERPR	2,075 (-15.0%)	$0 (-28.3%)	0.0%	$57.37	-34.7%	COM	037598109
FHN	FIRST HORIZON CO	10,600 (-15.0%)	$0 (-10.3%)	0.1%	$13.85	+60.2%	COM	320517105
TDC	TERADATA CORP	5,540 (-15.0%)	$0 (+20.7%)	0.1%	$21.75	+20.3%	COM	88076W103
ASO	ACADEMY SPORTS	3,144 (-15.0%)	$0 (-15.1%)	0.1%	$56.50	-12.4%	COM	00402L107
EIG	EMPLOYERS HOLDIN	4,207 (-15.0%)	$0 (-13.3%)	0.1%	$47.31	-14.2%	COM	292218104
JXN	JACKSON FI-A	2,294 (-15.0%)	$0 (-10.3%)	0.1%	$79.10	+25.1%	COM	46817M107
SKYW	SKYWEST INC	1,538 (-15.0%)	$0 (-15.4%)	0.1%	$95.05	+5.3%	COM	830879102
GSBC	GREAT SOUTHN BAN	2,604 (-15.0%)	$0 (-14.9%)	0.1%	$58.36	+3.0%	COM	390905107
SBRA	SABRA HEALTH CAR	9,346 (-15.0%)	$0 (-13.7%)	0.1%	$0.54	—	COM	78573L106
PSMT	PRICESMART INC	1,433 (-15.0%)	$0 (-13.7%)	0.1%	$99.87	+21.6%	COM	741511109
DNOW	DNOW INC	5,774 (-15.0%)	$0 (-26.0%)	0.0%	$15.26	-8.0%	COM	67011P100
YELP	YELP INC	4,254 (-15.0%)	$0 (-17.3%)	0.1%	$36.13	-14.7%	COM	985817105
ATKR	ATKORE INC	2,578 (-15.0%)	$0 (-14.2%)	0.1%	$106.79	-39.4%	COM	047649108
TSLX	SIXTH STREET SPE	5,202 (-15.0%)	$0 (-19.3%)	0.1%	$20.27	+7.6%	COM	83012A109
GBDC	GOLUB CAPITAL BD	10,820 (-15.0%)	$0 (-15.5%)	0.1%	$12.70	+6.6%	COM	38173M102
BLMN	BLOOMIN' BRANDS	12,013 (-15.0%)	$0 (-26.7%)	0.0%	$13.41	-48.0%	COM	094235108
BWA	BORGWARNER INC	4,185 (-15.0%)	$0 (-12.5%)	0.1%	$30.35	+44.0%	COM	099724106
TOL	TOLL BROTHERS	989 (-15.0%)	$0 (-16.8%)	0.1%	$106.43	+27.5%	COM	889478103
HRMY	HARMONY BIOSCIE	5,248 (-15.0%)	$0 (+15.3%)	0.1%	$32.17	+2.2%	COM	413197104
CPF	CENTRAL PACIFIC	5,508 (-15.0%)	$0 (-12.7%)	0.1%	$22.89	+30.9%	COM	154760409
BNL	BROADSTONE NET	6,705 (-15.0%)	$0 (-17.7%)	0.1%	$0.02	—	COM	11135E203
NMFC	NEW MOUNTAIN FIN	11,820 (-15.0%)	$0 (-18.7%)	0.0%	$9.69	-5.4%	COM	647551100
EPC	EDGEWELL PERSONA	3,405 (-15.0%)	$0 (-29.3%)	0.0%	$27.19	-32.4%	COM	28035Q102
OCFC	OCEANFIRST FINL	8,459 (-15.0%)	$0 (-13.1%)	0.1%	$17.76	+3.7%	COM	675234108
OBDC	BLUE OWL CAPITAL	9,057 (-15.0%)	$0 (-16.9%)	0.1%	$13.05	-5.3%	COM	69121K104
RM	REGIONAL MANAGEM	3,221 (-15.0%)	$0 (-15.5%)	0.1%	$31.30	+22.0%	COM	75902K106
COLB	COLUMBIA BANKING	9,820 (-15.0%)	$0 (-7.7%)	0.1%	$22.35	+20.1%	COM	197236102
OUT	OUTFRONT MEDIA I	9,063 (-15.0%)	$0 (+11.8%)	0.1%	$0.02	—	COM	69007J304
—	SYNOVUS FINL	2,913 (-15.0%)	$0 (-13.1%)	0.1%	$14.88	—	COM	87161C501
PNNT	PENNANTPARK INVE	11,323 (-15.0%)	$0 (-24.7%)	0.0%	$5.01	+18.8%	COM	708062104
BDN	BRANDYWINE RLTY	11,189 (-15.0%)	$0 (-40.0%)	0.0%	$5.55	—	COM	105368203
KELYA	KELLY SERVICES-A	3,369 (-15.0%)	$0 (-42.3%)	0.0%	$19.57	-48.3%	COM	488152208
BUSE	FIRST BUSEY CORP	6,005 (-15.0%)	$0 (-12.8%)	0.1%	$22.90	+1.4%	COM	319383204
GBX	GREENBRIER COS	2,774 (-15.0%)	$0 (-13.9%)	0.1%	$43.80	+1.4%	COM	393657101
BDC	BELDEN INC	850 (-15.0%)	$0 (-17.5%)	0.0%	$105.01	+11.1%	COM	077454106
APLE	APPLE HOSPITALIT	9,051 (-15.0%)	$0 (-16.4%)	0.0%	$0.02	—	COM	03784Y200
FULT	FULTON FINANCIAL	8,080 (-15.0%)	$0 (-11.9%)	0.1%	$16.42	+11.0%	COM	360271100
CATY	CATHAY GENERAL B	2,520 (-15.0%)	$0 (-14.1%)	0.1%	$45.88	+4.3%	COM	149150104
RUSHA	RUSH ENTER-CL A	2,139 (-15.0%)	$0 (-14.8%)	0.1%	$46.80	+11.0%	COM	781846209
SCVL	SHOE CARNIVAL	2,618 (-15.0%)	$0 (-31.3%)	0.0%	$38.41	-52.2%	COM	824889109
UGI	UGI CORP	11,109 (-15.0%)	$0 (-4.4%)	0.2%	$28.58	+23.9%	COM	902681105
GNW	GENWORTH FINANCI	13,363 (-15.0%)	$0 (-13.6%)	0.1%	$7.12	+22.2%	COM	37247D106
VC	VISTEON CORP	411 (-14.9%)	$0 (-32.8%)	0.0%	$81.84	+29.2%	COM	92839U206
PK	PARK H&R INC	7,144 (-15.0%)	$0 (-19.4%)	0.0%	$0.02	—	COM	700517105
WNC	WABASH NATIONAL	6,057 (-15.0%)	$0 (-25.7%)	0.0%	$20.43	-57.7%	COM	929566107
ADEA	ADEIA INC	6,866 (-15.0%)	$0 (-13.2%)	0.1%	$10.43	+41.8%	COM	00676P107
DCOM	DIME COMMUNITY B	3,572 (-15.0%)	$0 (-14.4%)	0.0%	$22.58	+26.7%	COM	25432X102
KOP	KOPPERS HOLDINGS	3,080 (-15.0%)	$0 (-17.8%)	0.0%	$34.99	-20.2%	COM	50060P106
HOPE	HOPE BANCORP INC	10,479 (-15.0%)	$0 (-13.5%)	0.1%	$12.98	-17.0%	COM	43940T109
DHT	DHT HOLDINGS INC	9,086 (-15.0%)	$0 (-13.3%)	0.0%	$9.61	+27.8%	COM	Y2065G121
HAFC	HANMI FINL CORP	8,115 (-15.0%)	$0 (-7.2%)	0.1%	$22.83	+17.2%	COM	410495204
EVTC	EVERTEC INC	1,647 (-15.0%)	$0 (-26.2%)	0.0%	$37.26	-20.3%	COM	30040P103
HP	HELMERICH & PAYN	6,162 (-15.0%)	$0 (+10.6%)	0.1%	$18.33	+44.9%	COM	423452101
GIII	G III APPAREL	7,109 (-15.0%)	$0 (-7.6%)	0.1%	$30.04	-5.2%	COM	36237H101
ACCO	ACCO BRANDS CORP	17,224 (-15.0%)	$0 (-21.0%)	0.0%	$5.43	-32.7%	COM	00081T108
NTCT	NETSCOUT SYSTEMS	4,728 (-15.0%)	$0 (-11.1%)	0.1%	$22.23	+21.6%	COM	64115T104
GTM	ZOOMINFO TECH	5,947 (-15.0%)	$0 (-21.1%)	0.0%	$9.25	+11.3%	COM	98980F104
RWT	REDWOOD TRUST	12,636 (-15.0%)	$0 (-18.6%)	0.0%	$4.15	—	COM	758075402
PEBO	PEOPLES BANC INC	2,853 (-15.0%)	$0 (-14.9%)	0.0%	$30.69	-3.2%	COM	709789101
ALKS	ALKERMES PLC	2,064 (-15.0%)	$0 (-20.5%)	0.0%	$29.76	+0.6%	COM	G01767105
HBNC	HORIZON BANCORP	7,890 (-15.0%)	$0 (-10.1%)	0.1%	$18.34	-9.7%	COM	440407104
IRWD	IRONWOOD PHARMAC	8,386 (-15.0%)	$0 (+115.4%)	0.0%	$4.79	-45.8%	COM	46333X108
PAG	PENSKE AUTOMOTIV	324 (-15.0%)	$0 (-22.7%)	0.0%	$156.20	+5.3%	COM	70959W103
COLL	COLLEGIUM PHARMA	2,785 (-15.0%)	$0 (+12.2%)	0.1%	$28.52	+46.7%	COM	19459J104
—	GUESS INC	4,826 (-15.0%)	$0 (-14.7%)	0.0%	$6.98	—	COM	401617105
—	CITY OFFICE REIT	11,752 (-15.0%)	$0 (-14.6%)	0.0%	$1.71	—	COM	178587101
FCF	FIRST COMMON FIN	4,346 (-15.0%)	$0 (-16.1%)	0.0%	$16.25	-0.2%	COM	319829107
CROX	CROCS INC	1,046 (-15.0%)	$0 (-13.6%)	0.0%	$101.95	-18.0%	COM	227046109
MBWM	MERCANTILE BANK	2,813 (-15.0%)	$0 (-9.4%)	0.1%	$41.57	+10.3%	COM	587376104
CENTA	CENTRAL GARDEN-A	2,376 (-15.0%)	$0 (-16.9%)	0.0%	$31.22	-7.4%	COM	153527205
AXS	AXIS CAPITAL	2,277 (-15.0%)	$0 (-5.1%)	0.1%	$67.89	+46.3%	COM	G0692U109
EBF	ENNIS INC	3,520 (-15.0%)	$0 (-17.1%)	0.0%	$18.83	-8.9%	COM	293389102
THFF	FIRST FINANCIAL	2,149 (-15.0%)	$0 (-9.1%)	0.1%	$48.43	+17.8%	COM	320218100
QUAD	QUAD GRAPHICS IN	12,526 (-15.0%)	$0 (-14.1%)	0.0%	$6.48	-9.2%	COM	747301109
IMKTA	INGLES MARKETS-A	940 (-15.0%)	$0 (-16.9%)	0.0%	$78.20	-7.3%	COM	457030104
ASIX	ADVANSIX INC	3,897 (-5.2%)	$0 (-16.3%)	0.0%	$25.88	-32.9%	COM	00773T101
CNR	CORE NATURAL RES	1,389 (-15.0%)	$0 (-9.6%)	0.1%	$84.05	+1.3%	COM	218937100
CGBD	CARLYLE SECURED	5,543 (-15.0%)	$0 (-15.9%)	0.0%	$12.44	-3.1%	COM	872280102
IART	INTEGRA LIFESCIE	5,986 (-1.8%)	$0 (-14.9%)	0.0%	$14.52	-8.4%	COM	457985208
FSK	FS KKR CAPITAL C	4,445 (-15.0%)	$0 (-15.4%)	0.0%	$15.23	-3.5%	COM	302635206
WAFD	WAFD INC	3,346 (-15.0%)	$0 (-10.1%)	0.0%	$31.89	-4.4%	COM	938824109
SLVM	SYLVAMO CORP	3,127 (-15.0%)	$0 (-7.4%)	0.1%	$54.69	-17.6%	COM	871332102
FIHL	FIDELIS INSURANC	6,721 (-15.0%)	$0 (-8.3%)	0.1%	$16.48	+13.1%	COM	G3398L118
FNB	FNB CORP	6,439 (-15.0%)	$0 (-9.8%)	0.0%	$13.14	+23.8%	COM	302520101
CSTM	CONSTELLIUM SE	8,629 (-15.0%)	$0 (+7.9%)	0.1%	$11.23	+47.8%	COM	F21107101
XRN	GLOBAL MEDICAL R	2,150 (-15.0%)	$0 (-14.1%)	0.0%	$0.03	—	COM	37954A303
SVC	SERVICE PROPERTI	8,699 (-15.0%)	$0 (-42.9%)	0.0%	$0.17	—	COM	81761L102
INMD	INMODE LTD	4,144 (-15.0%)	$0 (-16.4%)	0.0%	$18.03	-18.4%	COM	M5425M103
KRG	KITE REALTY GROU	5,237 (-15.0%)	$0 (-8.0%)	0.1%	$0.02	—	COM	49803T300
CFFN	CAPITOL FEDERAL	15,629 (-15.0%)	$0 (-9.4%)	0.0%	$5.38	+18.2%	COM	14057J101
PRGS	PROGRESS SOFTWAR	1,339 (-15.0%)	$0 (-15.9%)	0.0%	$58.55	-25.6%	COM	743312100
NAVI	NAVIENT CORP	4,554 (-15.0%)	$0 (-15.7%)	0.0%	$15.08	-17.4%	COM	63938C108
ARI	APOLLO COMMERCIA	4,941 (-15.0%)	$0 (-18.6%)	0.0%	$0.58	—	COM	03762U105
ILPT	INDUSTRIAL LOGIS	7,886 (-15.0%)	$0 (-18.5%)	0.0%	$2.29	—	COM	456237106
LNC	LINCOLN NATL CRP	3,456 (-15.0%)	$0 (-6.1%)	0.1%	$31.54	+30.5%	COM	534187109
VAC	MARRIOTT VACATIO	471 (-15.0%)	$0 (-27.0%)	0.0%	$79.95	-26.1%	COM	57164Y107
DXC	DXC TECHNOLOGY C	6,971 (-15.0%)	$0 (-8.9%)	0.0%	$15.38	-10.6%	COM	23355L106
GOOD	GLADSTONE COMMER	2,647 (-15.0%)	$0 (-26.3%)	0.0%	$0.97	—	COM	376536108
SGC	SUPERIOR GROUP O	2,902 (-15.0%)	$0 (-24.3%)	0.0%	$12.26	-20.3%	COM	868358102
IMXI	INTERNATIONAL MO	7,774 (-15.0%)	$0 (-7.0%)	0.1%	$11.41	+31.6%	COM	46005L101
MUR	MURPHY OIL CORP	4,179 (-15.0%)	$0 (-6.4%)	0.1%	$30.83	-4.0%	COM	626717102
NGVT	INGEVITY CORP	1,670 (-15.0%)	$0 (-8.3%)	0.0%	$41.86	+29.6%	COM	45688C107
WSBC	WESBANCO INC	2,215 (-15.0%)	$0 (-10.8%)	0.0%	$31.52	+2.6%	COM	950810101
SSTK	SHUTTERSTOCK INC	1,630 (-15.0%)	$0 (-22.5%)	0.0%	$17.59	+21.5%	COM	825690100
CTBI	COMMUNI TRUST BA	983 (-15.0%)	$0 (-13.8%)	0.0%	$41.98	+30.7%	COM	204149108
BBT	BEACON FINANCIAL	5,489 (-15.0%)	$0 (-5.2%)	0.1%	$24.45	+2.0%	COM	084680107
MFA	MFA FINANCIAL	4,874 (-15.0%)	$0 (-15.1%)	0.0%	$0.23	—	COM	55272X607
VLY	VALLEY NATL BANC	9,924 (-15.0%)	$0 (-6.5%)	0.1%	$8.68	+27.8%	COM	919794107
UVE	UNIVERSAL INSURA	2,768 (-15.0%)	$0 (+9.3%)	0.0%	$16.57	+92.5%	COM	91359V107
PLTK	PLAYTIKA HOLDING	12,274 (-15.0%)	$0 (-14.3%)	0.0%	$4.92	-20.5%	COM	72815L107
MLI	MUELLER INDS	1,850 (-15.0%)	$0 (-3.6%)	0.1%	$73.81	+45.5%	COM	624756102
SB	SAFE BULKERS INC	17,975 (-15.0%)	$0 (-7.4%)	0.0%	$3.58	+32.5%	COM	Y7388L103
QDEL	QUIDELORTHO CORP	1,125 (-15.0%)	$0 (-17.9%)	0.0%	$42.56	-36.3%	COM	219798105
AMG	AFFIL MANAGERS	902 (-15.0%)	$0 (+2.8%)	0.1%	$145.29	+77.9%	COM	008252108
ONB	OLD NATL BANCORP	2,003 (-15.0%)	$0 (-13.5%)	0.0%	$18.94	+13.8%	COM	680033107
BTU	PEABODY ENERGY	4,641 (-15.0%)	$0 (-4.8%)	0.1%	$13.08	+124.4%	COM	704551100
CNX	CNX RESOURCES CO	6,017 (-15.0%)	$0 (-2.6%)	0.1%	$31.51	+13.7%	COM	12653C108
OSBC	OLD SECOND BNCRP	7,170 (-15.0%)	$0 (-4.1%)	0.1%	$16.11	+15.4%	COM	680277100
UPWK	UPWORK INC	2,843 (-15.0%)	$0 (-9.7%)	0.0%	$14.36	+27.8%	COM	91688F104
LNTH	LANTHEUS HOLDING	962 (-15.0%)	$0 (+10.3%)	0.0%	$87.82	-33.7%	COM	516544103
JAKK	JAKKS PACIFIC	1,160 (-15.0%)	$0 (-23.1%)	0.0%	$19.63	-12.6%	COM	47012E403
CTO	CTO REALTY GROWT	5,454 (-15.0%)	$0 (-4.8%)	0.0%	$1.79	—	COM	22948Q101
CAC	CAMDEN NATIONAL	2,803 (-15.0%)	$0 (-3.9%)	0.1%	$39.20	+1.7%	COM	133034108
PBH	PRESTIGE CONSUME	405 (-14.9%)	$0 (-16.7%)	0.0%	$60.16	+1.7%	COM	74112D101
TKR	TIMKEN CO	1,115 (-15.0%)	$0 (-5.1%)	0.0%	$80.31	-0.9%	COM	887389104
ARCB	ARCBEST CORP	711 (-15.0%)	$0 (-8.6%)	0.0%	$99.54	-28.7%	COM	03937C105
HVT	HAVERTY FURNITUR	1,942 (-15.0%)	$0 (-10.0%)	0.0%	$27.84	-19.2%	COM	419596101
PII	POLARIS INC	745 (-15.1%)	$0 (-7.8%)	0.0%	$37.69	+74.7%	COM	731068102
PKOH	PARK OHIO HLDGS	954 (-15.0%)	$0 (-16.7%)	0.0%	$23.24	-11.3%	COM	700666100
DIN	DINE BRANDS GLOB	1,410 (-15.0%)	$0 (+9.8%)	0.0%	$30.07	-3.9%	COM	254423106
UTHR	UNITED THERAPEUT	555 (-15.0%)	$0 (-1.5%)	0.1%	$221.36	+110.4%	COM	91307C102
NTB	BANK NT BUTTERFI	5,327 (-15.0%)	$0 (-1.5%)	0.1%	$31.83	+44.8%	COM	G0772R208
MAGN	MAGNERA CORP	1,157 (-3.6%)	$0 (+28.6%)	0.0%	$20.46	-43.4%	COM	55939A107
GPOR	GULFPORT ENERGY	821 (-15.0%)	$0 (-2.3%)	0.1%	$146.49	+36.1%	COM	402635502
CVLG	COVENANT LOGISTI	1,168 (-15.0%)	$0 (-13.3%)	0.0%	$25.27	-17.2%	COM	22284P105
SNCY	SUN COUNTRY HOLD	7,415 (-15.0%)	$0 (+3.9%)	0.0%	$10.99	+16.3%	COM	866683105
PHIN	PHINIA INC	742 (-15.0%)	$0 (-6.0%)	0.0%	$41.60	+32.5%	COM	71880K101
GCO	GENESCO INC	300 (-15.0%)	$0 (-30.0%)	0.0%	$31.17	-8.0%	COM	371532102
OI	O-I GLASS INC	5,103 (-15.0%)	$0 (-3.8%)	0.0%	$13.79	-4.1%	COM	67098H104
CSGS	CSG SYSTEMS INTL	2,711 (-15.0%)	$0 (+1.5%)	0.1%	$53.19	+38.2%	COM	126349109
CMC	COMMERCIAL METAL	1,821 (-15.0%)	$0 (+2.4%)	0.1%	$49.93	+25.0%	COM	201723103
SPB	SPECTRUM BRANDS	1,052 (-15.0%)	$0 (-4.6%)	0.0%	$87.40	-35.6%	COM	84790A105
NEU	NEWMARKET CORP	9 (-18.2%)	$0 (-33.3%)	0.0%	$613.76	+24.0%	COM	651587107
GEF	GREIF INC-CL A	942 (-15.0%)	$0 (-3.0%)	0.0%	$57.86	+7.5%	COM	397624107
DLX	DELUXE CORP	4,046 (-15.0%)	$0 (-2.2%)	0.0%	$20.17	-2.0%	COM	248019101
LOCO	EL POLLO LOCO HO	6,195 (-4.9%)	$0 (+3.2%)	0.0%	$9.91	+4.2%	COM	268603107
WGO	WINNEBAGO INDS	1,272 (-15.0%)	$0 (+4.0%)	0.0%	$59.59	-38.8%	COM	974637100
FISI	FINANCIAL INST	2,542 (-15.0%)	$0 (-2.5%)	0.0%	$23.66	+23.6%	COM	317585404
UNIT	UNITI GROUP INC	9,562 (-15.0%)	$0 (-2.9%)	0.0%	$7.46	-15.1%	COM	912932100
WCC	WESCO INTL	479 (-15.1%)	$0 (-1.7%)	0.1%	$159.82	+53.3%	COM	95082P105
QCRH	QCR HOLDINGS INC	200 (-14.9%)	$0 (-5.6%)	0.0%	$61.76	+27.4%	COM	74727A104
FDP	FRESH DEL MONTE	166 (-14.9%)	$0 (-14.3%)	0.0%	$32.24	+10.3%	COM	G36738105
CPRX	CATALYST PHARMAC	6,525 (-15.0%)	$0 (+0.7%)	0.1%	$19.12	+16.5%	COM	14888U101
BKU	BANKUNITED INC	3,514 (-15.0%)	$0 (-0.6%)	0.1%	$32.77	+25.4%	COM	06652K103
CRI	CARTER'S INC	1,572 (-15.0%)	$0 (-1.9%)	0.0%	$62.68	-50.4%	COM	146229109
MAT	MATTEL INC	9,715 (-15.0%)	$0 (+0.5%)	0.1%	$17.80	+8.5%	COM	577081102
TNL	TRAVEL LEISURE	1,844 (-15.0%)	$0 (+0.8%)	0.1%	$45.77	+42.3%	COM	894164102
NOV	NOV INC	10,849 (-15.0%)	$0 (+0.6%)	0.1%	$12.60	+17.8%	COM	62955J103
PTEN	PATTERSON-UTI	5,624 (-15.0%)	$0 (0.0%)	0.0%	$10.90	-45.2%	COM	703481101
LIVN	LIVANOVA PLC	2,907 (-15.0%)	$0 (0.0%)	0.1%	$41.26	+38.5%	COM	G5509L101
GT	GOODYEAR TIRE	4,323 (-15.0%)	$0 (0.0%)	0.0%	$10.15	-22.4%	COM	382550101
AMAL	AMALGAMATED FINA	2,723 (-15.0%)	$0 (0.0%)	0.0%	$28.83	+0.3%	COM	022671101

Unchanged Positions (29)

GOOG ALPHABET INC-C 15.4%

Value ($000) $35 Shares 105,350 Est. Cost $158.99 Unrealized +80.1%

QQQ INVESCO QQQ TRUS 16.4%

Value ($000) $37 Shares 59,149 Est. Cost $43.32 Unrealized —

SPY SS S&P 500 ET-US 0.9%

Value ($000) $2 Shares 2,935 Est. Cost $39.27 Unrealized —

CRWD CROWDSTRIKE HO-A 0.6%

Value ($000) $1 Shares 3,000 Est. Cost $165.16 Unrealized +208.3%

PLTR PALANTIR TECHN-A 0.9%

Value ($000) $2 Shares 11,362 Est. Cost $38.38 Unrealized +371.7%

SHOP SHOPIFY INC - A 0.2%

Value ($000) $0 Shares 2,825 Est. Cost $57.69 Unrealized +178.3%

MSFT MICROSOFT CORP 0.2%

Value ($000) $0 Shares 909 Est. Cost $388.32 Unrealized +28.9%

U UNITY SOFTWARE I 0.1%

Value ($000) $0 Shares 5,000 Est. Cost $25.95 Unrealized +57.1%

IBIT ISHARES BITCOIN 0.0%

Value ($000) $0 Shares 1,643 Est. Cost $0.06 Unrealized —

C CITIGROUP INC 0.1%

Value ($000) $0 Shares 1,000 Est. Cost $58.04 Unrealized +78.6%

LKNCY LUCKIN COFFE-ADR 0.0%

Value ($000) $0 Shares 2,500 Est. Cost $2.21 Unrealized —

QCOM QUALCOMM INC 0.1%

Value ($000) $0 Shares 1,000 Est. Cost $139.87 Unrealized +22.1%

ABBV ABBVIE INC 0.1%

Value ($000) $0 Shares 1,036 Est. Cost $135.33 Unrealized +68.1%

BA BOEING CO 0.1%

Value ($000) $0 Shares 500 Est. Cost $198.79 Unrealized +3.5%

SE SEA LTD-ADR 0.0%

Value ($000) $0 Shares 165 Est. Cost $1.56 Unrealized —

AAPL APPLE INC 0.2%

Value ($000) $0 Shares 1,470 Est. Cost $182.84 Unrealized +46.8%

CRSP CRISPR THERAPEUT 0.0%

Value ($000) $0 Shares 700 Est. Cost $58.73 Unrealized +2.0%

LYFT LYFT INC-A 0.0%

Value ($000) $0 Shares 1,500 Est. Cost $11.97 Unrealized +73.7%

ANET ARISTA NETWORKS 0.0%

Value ($000) $0 Shares 216 Est. Cost $102.84 Unrealized +33.9%

ILMN ILLUMINA INC 0.0%

Value ($000) $0 Shares 55 Est. Cost $142.41 Unrealized -17.6%

MELI MERCADOLIBRE INC 0.0%

Value ($000) $0 Shares 8 Est. Cost $1947.25 Unrealized +7.9%

DDOG DATADOG INC-A 0.0%

Value ($000) $0 Shares 110 Est. Cost $137.35 Unrealized +15.1%

VBR VANGUARD S/C V E 0.0%

Value ($000) $0 Shares 100 Est. Cost $0.18 Unrealized —

DOCU DOCUSIGN INC 0.0%

Value ($000) $0 Shares 300 Est. Cost $77.99 Unrealized -11.3%

ABNB AIRBNB INC-A 0.0%

Value ($000) $0 Shares 80 Est. Cost $134.70 Unrealized -7.5%

ARKG ARK GENOMIC REVO 0.0%

Value ($000) $0 Shares 278 Est. Cost $0.33 Unrealized —

BKNG BOOKING HOLDINGS 0.0%

Value ($000) $0 Shares 3 Est. Cost $4764.13 Unrealized +7.8%

GRAL GRAIL INC 0.0%

Value ($000) $0 Shares 9 Est. Cost $16.26 Unrealized +431.4%

ZM ZOOM COMMUNICATI 0.0%

Value ($000) $0 Shares 36 Est. Cost $78.62 Unrealized +7.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC-C	105,350	$35	15.4%	$158.99	+80.1%	COM	02079K107
QQQ	INVESCO QQQ TRUS	59,149	$37	16.4%	$43.32	—	TR UNIT	46090E103
SPY	SS S&P 500 ET-US	2,935	$2	0.9%	$39.27	—	TR UNIT	78462F103
CRWD	CROWDSTRIKE HO-A	3,000	$1	0.6%	$165.16	+208.3%	COM	22788C105
PLTR	PALANTIR TECHN-A	11,362	$2	0.9%	$38.38	+371.7%	COM	69608A108
SHOP	SHOPIFY INC - A	2,825	$0	0.2%	$57.69	+178.3%	COM	82509L107
MSFT	MICROSOFT CORP	909	$0	0.2%	$388.32	+28.9%	COM	594918104
U	UNITY SOFTWARE I	5,000	$0	0.1%	$25.95	+57.1%	COM	91332U101
IBIT	ISHARES BITCOIN	1,643	$0	0.0%	$0.06	—	TR UNIT	46438F101
C	CITIGROUP INC	1,000	$0	0.1%	$58.04	+78.6%	COM	172967424
LKNCY	LUCKIN COFFE-ADR	2,500	$0	0.0%	$2.21	—	ADR	54951L109
QCOM	QUALCOMM INC	1,000	$0	0.1%	$139.87	+22.1%	COM	747525103
ABBV	ABBVIE INC	1,036	$0	0.1%	$135.33	+68.1%	COM	00287Y109
BA	BOEING CO	500	$0	0.1%	$198.79	+3.5%	COM	097023105
SE	SEA LTD-ADR	165	$0	0.0%	$1.56	—	ADR	81141R100
AAPL	APPLE INC	1,470	$0	0.2%	$182.84	+46.8%	COM	037833100
CRSP	CRISPR THERAPEUT	700	$0	0.0%	$58.73	+2.0%	COM	H17182108
LYFT	LYFT INC-A	1,500	$0	0.0%	$11.97	+73.7%	COM	55087P104
ANET	ARISTA NETWORKS	216	$0	0.0%	$102.84	+33.9%	COM	040413205
ILMN	ILLUMINA INC	55	$0	0.0%	$142.41	-17.6%	COM	452327109
MELI	MERCADOLIBRE INC	8	$0	0.0%	$1947.25	+7.9%	COM	58733R102
DDOG	DATADOG INC-A	110	$0	0.0%	$137.35	+15.1%	COM	23804L103
VBR	VANGUARD S/C V E	100	$0	0.0%	$0.18	—	TR UNIT	922908611
DOCU	DOCUSIGN INC	300	$0	0.0%	$77.99	-11.3%	COM	256163106
ABNB	AIRBNB INC-A	80	$0	0.0%	$134.70	-7.5%	COM	009066101
ARKG	ARK GENOMIC REVO	278	$0	0.0%	$0.33	—	TR UNIT	00214Q302
BKNG	BOOKING HOLDINGS	3	$0	0.0%	$4764.13	+7.8%	COM	09857L108
GRAL	GRAIL INC	9	$0	0.0%	$16.26	+431.4%	COM	384747101
ZM	ZOOM COMMUNICATI	36	$0	0.0%	$78.62	+7.1%	COM	98980L101