Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BA	BOEING CO	19,400	$4.2M	6.4%	—	—	COM	097023105
FICO	FAIR ISAAC CORP	3,260	$3.895M	6.0%	—	—	COM	303250104
JBLU	JETBLUE AIRWAYS CORP	613,348	$3.514M	5.4%	—	—	COM	477143101
F	FORD MTR CO	103,500	$1.439M	2.2%	—	—	COM	345370860
OTEX	OPEN TEXT CORP	63,500	$1.407M	2.2%	—	—	COM	683715106
TMUS	T-MOBILE US INC	8,200	$1.375M	2.1%	—	—	COM	872590104
YOU	CLEAR SECURE INC	18,830	$1.049M	1.6%	—	—	COM CL A	18467V109
HON	HONEYWELL INTL INC	4,050	$907K	1.4%	—	—	COM	438516205
HONA	HONEYWELL AEROSPACE INC	4,050	$895K	1.4%	—	—	COM	43849R105
SN	SHARKNINJA INC	5,100	$777K	1.2%	—	—	COM SHS	G8068L108
NUE	NUCOR CORP	3,300	$735K	1.1%	—	—	COM	670346105
CART	MAPLEBEAR INC	14,900	$706K	1.1%	—	—	COM	565394103
VLO	VALERO ENERGY CORP	2,600	$677K	1.0%	—	—	COM	91913Y100
MPC	MARATHON PETE CORP	2,500	$639K	1.0%	—	—	COM	56585A102
DOO	BRP INC	5,900	$360K	0.6%	—	—	COM SUN VTG	05577W200
EOG	EOG RES INC	2,300	$298K	0.5%	—	—	COM	26875P101
CF	CF INDUSTRIES HOLD	2,700	$292K	0.4%	—	—	COM	125269100
PSX	PHILLIPS 66	1,700	$287K	0.4%	—	—	COM	718546104
COP	CONOCOPHILLIPS	2,700	$281K	0.4%	—	—	COM	20825C104
XOM	EXXON MOBIL CORP	2,000	$273K	0.4%	—	—	COM	30231G102
APA	APA CORPORATION	8,200	$267K	0.4%	—	—	COM	03743Q108
OXY	OCCIDENTAL PETE CORP	5,400	$262K	0.4%	—	—	COM	674599105
LYB	LYONDELLBASELL INDUSTRIES NV	4,700	$247K	0.4%	—	—	SHS - A -	N53745100
UAL	UNITED AIRLS HLDGS INC	600	$81,594	0.1%	—	—	COM	910047109
QQQ	INVESCO QQQ TR	86	$63,330	0.1%	—	—	UNIT SER 1	46090E103
MX	MAGNACHIP SEMICONDUCTOR CORP	13,140	$62,152	0.1%	—	—	COM	55933J203
ATAT	ATOUR LIFESTYLE HLDGS LTD	1,700	$54,060	0.1%	—	—	SPONSORED ADS	04965M106
DOW	DOW HLDGS INC	1,700	$46,512	0.1%	—	—	COM	260557103

Increased Positions (3)

DLTR DOLLAR TREE INC 7.6%

Value $4.923M (+104.1%) Shares 40,700 (+84.8%) Est. Cost — Unrealized —

PLNT PLANET FITNESS MASTER ISSUER 4.4%

Value $2.885M (+59.6%) Shares 55,300 (+127.6%) Est. Cost — Unrealized —

WCN WASTE CONNECTIONS INC 8.5%

Value $5.526M (+20.0%) Shares 33,152 (+16.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DLTR	DOLLAR TREE INC	40,700 (+84.8%)	$4.923M (+104.1%)	7.6%	—	—	COM	256746108
PLNT	PLANET FITNESS MASTER ISSUER	55,300 (+127.6%)	$2.885M (+59.6%)	4.4%	—	—	CL A	72703H101
WCN	WASTE CONNECTIONS INC	33,152 (+16.9%)	$5.526M (+20.0%)	8.5%	—	—	COM	94106B101

Exited Positions (9)

NFLX NETFLIX INC. 8.6%

Value $5.574M Shares 57,971 Est. Cost — Unrealized —

HLT HILTON WORLDWIDE HLDGS INC 6.6%

Value $4.295M Shares 14,124 Est. Cost — Unrealized —

OLLI OLLIES BARGAIN OUTLET HLDGS 5.2%

Value $3.387M Shares 36,804 Est. Cost — Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 4.0%

Value $2.64M Shares 4,059 Est. Cost — Unrealized —

CELH CELSIUS HLDGS INC 3.5%

Value $2.271M Shares 64,013 Est. Cost — Unrealized —

ULTA ULTA BEAUTY INC 1.9%

Value $1.242M Shares 2,376 Est. Cost — Unrealized —

BKNG BOOKING HOLDINGS INC 0.8%

Value $505K Shares 120 Est. Cost — Unrealized —

USFD US FOODS HLDG CORP 0.6%

Value $406K Shares 4,400 Est. Cost — Unrealized —

EL LAUDER ESTEE COS INC 0.2%

Value $144K Shares 2,007 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC.	57,971	$5.574M	8.6%	—	—	—	64110L106
HLT	HILTON WORLDWIDE HLDGS INC	14,124	$4.295M	6.6%	—	—	—	43300A203
OLLI	OLLIES BARGAIN OUTLET HLDGS	36,804	$3.387M	5.2%	—	—	—	681116109
SPY	STATE STR SPDR S&P 500 ETF T	4,059	$2.64M	4.0%	—	—	—	78462F103
CELH	CELSIUS HLDGS INC	64,013	$2.271M	3.5%	—	—	—	15118V207
ULTA	ULTA BEAUTY INC	2,376	$1.242M	1.9%	—	—	—	90384S303
BKNG	BOOKING HOLDINGS INC	120	$505K	0.8%	—	—	—	09857L108
USFD	US FOODS HLDG CORP	4,400	$406K	0.6%	—	—	—	912008109
EL	LAUDER ESTEE COS INC	2,007	$144K	0.2%	—	—	—	518439104

Decreased Positions (8)

HSY HERSHEY CO 3.7%

Value $2.404M (-64.7%) Shares 13,700 (-58.2%) Est. Cost — Unrealized —

ROL ROLLINS INC 1.6%

Value $1.048M (-78.1%) Shares 25,100 (-72.0%) Est. Cost — Unrealized —

MA MASTERCARD INCORPORATED 6.2%

Value $4.033M (-39.1%) Shares 7,852 (-40.7%) Est. Cost — Unrealized —

HAS HASBRO INC 1.5%

Value $1.004M (-69.2%) Shares 12,156 (-65.1%) Est. Cost — Unrealized —

V VISA INC 7.4%

Value $4.852M (-31.1%) Shares 14,142 (-39.3%) Est. Cost — Unrealized —

AS AMER SPORTS INC 2.2%

Value $1.438M (-53.7%) Shares 42,497 (-55.0%) Est. Cost — Unrealized —

TDG TRANSDIGM GROUP INC 7.8%

Value $5.102M (-19.8%) Shares 3,830 (-30.2%) Est. Cost — Unrealized —

MDLZ MONDELEZ INTL INC 4.3%

Value $2.817M (-22.9%) Shares 48,702 (-23.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HSY	HERSHEY CO	13,700 (-58.2%)	$2.404M (-64.7%)	3.7%	—	—	COM	427866108
ROL	ROLLINS INC	25,100 (-72.0%)	$1.048M (-78.1%)	1.6%	—	—	COM	775711104
MA	MASTERCARD INCORPORATED	7,852 (-40.7%)	$4.033M (-39.1%)	6.2%	—	—	CL A	57636Q104
HAS	HASBRO INC	12,156 (-65.1%)	$1.004M (-69.2%)	1.5%	—	—	COM	418056107
V	VISA INC	14,142 (-39.3%)	$4.852M (-31.1%)	7.4%	—	—	COM CL A	92826C839
AS	AMER SPORTS INC	42,497 (-55.0%)	$1.438M (-53.7%)	2.2%	—	—	COM SHS	G0260P102
TDG	TRANSDIGM GROUP INC	3,830 (-30.2%)	$5.102M (-19.8%)	7.8%	—	—	COM	893641100
MDLZ	MONDELEZ INTL INC	48,702 (-23.2%)	$2.817M (-22.9%)	4.3%	—	—	CL A	609207105

Unchanged Positions (1)

GIS GENERAL MILLS INC 6.2%

Value $4.058M Shares 116,600 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GIS	GENERAL MILLS INC	116,600	$4.058M	6.2%	—	—	COM	370334104