Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMD	ADVANCED MICRO DEVICES ORD	388,000	$225M	3.9%	—	—	COM	007903107
UBER	UBER TECHNOLOGIES ORD	2,181,000	$157M	2.7%	—	—	COM	90353T100
TSLA	TESLA ORD	332,000	$140M	2.4%	—	—	COM	88160R101
HUT	HUT 8 ORD	1,161,500	$134M	2.3%	—	—	COM	44812J104
EWZ	ISHARES MSCI BRAZIL ETF	3,700,000	$128M	2.2%	—	—	MSCI BRAZIL ETF	464286400
FXI	ISHARES CHINA LARGE CAP ETF	3,877,000	$122M	2.1%	—	—	CHINA LG-CAP ETF	464287184
IEMG	ISHARES CORE MSCI EMERGING ETF	1,250,200	$104M	1.8%	—	—	CORE MSCI EMKT	46434G103
TXN	TEXAS INSTRUMENTS ORD	295,000	$87.93M	1.5%	—	—	COM	882508104
DXCM	DEXCOM ORD	1,250,000	$84.19M	1.5%	—	—	COM	252131107
U	UNITY SOFTWARE ORD	2,881,000	$82.34M	1.4%	—	—	COM	91332U101
HON	HONEYWELL INTERNATIONAL ORD	348,500	$78.03M	1.3%	—	—	COM	438516205
DT	DYNATRACE ORD	1,770,000	$77.72M	1.3%	—	—	COM NEW	268150109
HONA	HONEYWELL AEROSPACE ORD	348,500	$77.05M	1.3%	—	—	COM	43849R105
MS	MORGAN STANLEY ORD	340,000	$71.07M	1.2%	—	—	COM NEW	617446448
XOM	EXXONMOBIL HOLDINGS ORD	453,000	$61.93M	1.1%	—	—	COM	30231G102
ROIV	ROIVANT SCIENCES ORD	1,500,000	$53.09M	0.9%	—	—	SHS	G76279101
EFA	ISHARES MSCI EAFE ETF	465,000	$48.3M	0.8%	—	—	MSCI EAFE ETF	464287465
UAL	UNITED AIRLINES HOLDINGS ORD	351,000	$47.73M	0.8%	—	—	COM	910047109
NSC	NORFOLK SOUTHERN ORD	149,000	$46.87M	0.8%	—	—	COM	655844108
PH	PARKER HANNIFIN ORD	47,000	$45.97M	0.8%	—	—	COM	701094104
CIEN	CIENA ORD	93,000	$45.62M	0.8%	—	—	COM NEW	171779309
HLT	HILTON WORLDWIDE HOLDINGS ORD	137,000	$45.27M	0.8%	—	—	COM	43300A203
ALGN	ALIGN TECHNOLOGY ORD	268,000	$45.2M	0.8%	—	—	COM	016255101
TMO	THERMO FISHER SCIENTIFIC ORD	74,000	$37.1M	0.6%	—	—	COM	883556102
DRAM	ROUNDHILL MEMORY ETF	500,000	$36.92M	0.6%	—	—	MEMORY ETF	77926X320
GOOG	ALPHABET CL C ORD	100,000	$35.33M	0.6%	—	—	CAP STK CL C	02079K107
CAR	AVIS BUDGET GROUP ORD	235,000	$34.74M	0.6%	—	—	COM	053774105
FTNT	FORTINET ORD	219,000	$33.64M	0.6%	—	—	COM	34959E109
PURR	HYPERLIQUID STRATEGIES ORD	4,000,000	$31.48M	0.5%	—	—	COM	44916Y106
GM	GENERAL MOTORS ORD	400,000	$30.83M	0.5%	—	—	COM	37045V100
XPO	XPO ORD	150,000	$30.79M	0.5%	—	—	COM	983793100
WULF	TERAWULF ORD	1,200,000	$29.64M	0.5%	—	—	COM	88080T104
KEYS	KEYSIGHT TECHNOLOGIES ORD	84,000	$29.41M	0.5%	—	—	COM	49338L103
PLTR	PALANTIR TECHNOLOGIES CL A ORD	230,000	$26.83M	0.5%	—	—	CL A	69608A108
IDEV	ISHARES CORE MSCI INTRL DVLP MKT ETF	300,000	$26.7M	0.5%	—	—	CORE MSCI INTL	46435G326
NBIX	NEUROCRINE BIOSCIENCES ORD	155,000	$26.12M	0.5%	—	—	COM	64125C109
ISRG	INTUITIVE SURGICAL ORD	65,000	$25.85M	0.4%	—	—	COM NEW	46120E602
SUNC	SUNOCOCORP UNT	275,000	$18.61M	0.3%	—	—	COM SHS LLC	86765Q106
VEEV	VEEVA SYSTEMS ORD	95,000	$16.86M	0.3%	—	—	CL A COM	922475108
TDY	TELEDYNE TECH ORD	25,000	$16.67M	0.3%	—	—	COM	879360105
ATI	ATI ORD	80,000	$15.77M	0.3%	—	—	COM	01741R102
EFX	EQUIFAX ORD	93,000	$14.76M	0.3%	—	—	COM	294429105
AMPX	AMPRIUS TECHNOLOGIES ORD	1,034,700	$14.34M	0.2%	—	—	COMMON STOCK	03214Q108
PODD	INSULET ORD	90,000	$13.7M	0.2%	—	—	COM	45784P101
KVUE	KENVUE ORD	715,800	$13.68M	0.2%	—	—	COM	49177J102
QRVO	QORVO ORD	145,000	$13.52M	0.2%	—	—	COM	74736K101
SILJ	AMPLIFY JUNIOR SILVER MINERS ETF	515,900	$13.37M	0.2%	—	—	JR SILV MINE ETF	032108649
APG	API GROUP ORD	314,000	$13.3M	0.2%	—	—	COM STK	00187Y100
URA	GLOBAL X URANIUM ETF	300,000	$13.11M	0.2%	—	—	GLOBAL X URANIUM	37954Y871
TXNM	TXNM ENERGY ORD	223,100	$12.67M	0.2%	—	—	COM	69349H107
OKTA	OKTA CL A ORD	90,000	$12.28M	0.2%	—	—	CL A	679295105
FIVE	FIVE BELOW ORD	65,000	$11.69M	0.2%	—	—	COM	33829M101
CXW	CORECIVIC REIT ORD	350,000	$10.63M	0.2%	—	—	COM	21871N101
SLAB	SILICON LABORATORIES ORD	47,500	$10.38M	0.2%	—	—	COM	826919102
MIAX	MIAMI INTERNATIONAL HOLDINGS ORD	279,000	$10.37M	0.2%	—	—	COM	59356Q108
GEO	GEO GROUP ORD	350,000	$10.34M	0.2%	—	—	COM	36162J106
TTD	TRADE DESK CL A ORD	532,000	$9.619M	0.2%	—	—	COM CL A	88339J105
PLNT	PLANET FITNESS CL A ORD	150,000	$7.825M	0.1%	—	—	CL A	72703H101
AMLX	AMYLYX PHARMACEUTICALS ORD	425,000	$7.633M	0.1%	—	—	COM	03237H101
CORZ	CORE SCIENTIFIC ORD	265,700	$6.799M	0.1%	—	—	COM	21874A106
LBRT	LIBERTY ENERGY CL A ORD	250,000	$6.548M	0.1%	—	—	COM CL A	53115L104
RBC	RBC BEARINGS ORD	10,040	$6.466M	0.1%	—	—	COM	75524B104
AVPT	AVEPOINT CL A ORD	500,000	$5.605M	0.1%	—	—	COM CL A	053604104
JEMA	JPMORGAN ACTIVEBLD EMRG MRKT EQY ETF	28,000	$1.789M	0.0%	—	—	ACTIVEBLDRS EMER	46641Q266

Increased Positions (15)

RVMD REVOLUTION MEDICINES ORD 6.8%

Value $393M (+495.6%) Shares 2,097,000 (+209.3%) Est. Cost — Unrealized —

GDX VANECK GOLD MINERS ETF 4.6%

Value $268M (+223.0%) Shares 3,551,500 (+292.9%) Est. Cost — Unrealized —

AMZN AMAZON COM ORD 5.5%

Value $317M (+137.6%) Shares 1,329,000 (+107.7%) Est. Cost — Unrealized —

NCLH NORWEGIAN CRUISE LINE HOLDINGS ORD 3.4%

Value $200M (+213.8%) Shares 9,465,000 (+178.0%) Est. Cost — Unrealized —

GOOGL ALPHABET CL A ORD 3.3%

Value $189M (+124.7%) Shares 527,900 (+80.8%) Est. Cost — Unrealized —

MSFT MICROSOFT ORD 2.7%

Value $157M (+156.5%) Shares 420,000 (+154.5%) Est. Cost — Unrealized —

SNPS SYNOPSYS ORD 2.2%

Value $125M (+293.8%) Shares 280,000 (+250.0%) Est. Cost — Unrealized —

COF CAPITAL ONE FINANCIAL ORD 1.3%

Value $72.7M (+350.3%) Shares 362,400 (+309.5%) Est. Cost — Unrealized —

RTX RTX ORD 1.0%

Value $57.87M (+177.8%) Shares 305,000 (+182.4%) Est. Cost — Unrealized —

WBS WEBSTER FINANCIAL ORD 1.0%

Value $59.45M (+107.9%) Shares 778,000 (+88.8%) Est. Cost — Unrealized —

ROST ROSS STORES ORD 0.9%

Value $54.49M (+93.5%) Shares 256,000 (+96.9%) Est. Cost — Unrealized —

TTMI TTM TECHNOLOGIES ORD 0.5%

Value $26.54M (+313.4%) Shares 141,900 (+115.3%) Est. Cost — Unrealized —

UNH UNITEDHEALTH GRP ORD 0.7%

Value $41.56M (+70.7%) Shares 100,000 (+11.1%) Est. Cost — Unrealized —

GTLS CHART INDUSTRIES ORD 0.7%

Value $38.44M (+69.0%) Shares 184,000 (+67.3%) Est. Cost — Unrealized —

EEM ISHARES MSCI EMERGING MARKETS ETF 0.8%

Value $47.89M (+46.0%) Shares 700,000 (+21.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RVMD	REVOLUTION MEDICINES ORD	2,097,000 (+209.3%)	$393M (+495.6%)	6.8%	—	—	COM	76155X100
GDX	VANECK GOLD MINERS ETF	3,551,500 (+292.9%)	$268M (+223.0%)	4.6%	—	—	GOLD MINERS ETF	92189F106
AMZN	AMAZON COM ORD	1,329,000 (+107.7%)	$317M (+137.6%)	5.5%	—	—	COM	023135106
NCLH	NORWEGIAN CRUISE LINE HOLDINGS ORD	9,465,000 (+178.0%)	$200M (+213.8%)	3.4%	—	—	SHS	G66721104
GOOGL	ALPHABET CL A ORD	527,900 (+80.8%)	$189M (+124.7%)	3.3%	—	—	CAP STK CL A	02079K305
MSFT	MICROSOFT ORD	420,000 (+154.5%)	$157M (+156.5%)	2.7%	—	—	COM	594918104
SNPS	SYNOPSYS ORD	280,000 (+250.0%)	$125M (+293.8%)	2.2%	—	—	COM	871607107
COF	CAPITAL ONE FINANCIAL ORD	362,400 (+309.5%)	$72.7M (+350.3%)	1.3%	—	—	COM	14040H105
RTX	RTX ORD	305,000 (+182.4%)	$57.87M (+177.8%)	1.0%	—	—	COM	75513E101
WBS	WEBSTER FINANCIAL ORD	778,000 (+88.8%)	$59.45M (+107.9%)	1.0%	—	—	COM	947890109
ROST	ROSS STORES ORD	256,000 (+96.9%)	$54.49M (+93.5%)	0.9%	—	—	COM	778296103
TTMI	TTM TECHNOLOGIES ORD	141,900 (+115.3%)	$26.54M (+313.4%)	0.5%	—	—	COM	87305R109
UNH	UNITEDHEALTH GRP ORD	100,000 (+11.1%)	$41.56M (+70.7%)	0.7%	—	—	COM	91324P102
GTLS	CHART INDUSTRIES ORD	184,000 (+67.3%)	$38.44M (+69.0%)	0.7%	—	—	COM	16115Q308
EEM	ISHARES MSCI EMERGING MARKETS ETF	700,000 (+21.2%)	$47.89M (+46.0%)	0.8%	—	—	MSCI EMG MKT ETF	464287234

Exited Positions (46)

SPDW ST STR SPDR POR DE WO EX US ETF 4.8%

Value $276M Shares 6,039,200 Est. Cost — Unrealized —

VEA VANGUARD FTSE DEVELOPED MARKETS ETF 2.5%

Value $143M Shares 2,227,000 Est. Cost — Unrealized —

IXUS ISHARES CORE MSCI TOTL INTL STCK ETF 2.1%

Value $122M Shares 1,413,600 Est. Cost — Unrealized —

TERN TERNS PHARMACEUTICALS ORD 2.0%

Value $113M Shares 2,150,400 Est. Cost — Unrealized —

CAT CATERPILLAR ORD 1.9%

Value $108M Shares 152,000 Est. Cost — Unrealized —

AVGO BROADCOM ORD 1.6%

Value $93.16M Shares 301,000 Est. Cost — Unrealized —

JNJ JOHNSON & JOHNSON ORD 1.6%

Value $90.44M Shares 370,000 Est. Cost — Unrealized —

WFC WELLS FARGO ORD 1.4%

Value $79.93M Shares 1,004,000 Est. Cost — Unrealized —

VPL VANGUARD FTSE PACIFIC ETF 1.3%

Value $77M Shares 787,900 Est. Cost — Unrealized —

NEM NEWMONT ORD 1.3%

Value $75.99M Shares 702,000 Est. Cost — Unrealized —

KWEB KRANESHARES CSI CHINA INTERNET ETF 1.2%

Value $67.7M Shares 2,381,200 Est. Cost — Unrealized —

PG PROCTER & GAMBLE ORD 1.1%

Value $62.83M Shares 435,000 Est. Cost — Unrealized —

META META PLATFORMS CL A ORD 1.1%

Value $61.22M Shares 107,000 Est. Cost — Unrealized —

MA MASTERCARD CL A ORD 0.9%

Value $54.46M Shares 109,000 Est. Cost — Unrealized —

CVX CHEVRON ORD 0.9%

Value $51.93M Shares 251,000 Est. Cost — Unrealized —

INSM INSMED ORD 0.8%

Value $49.06M Shares 300,000 Est. Cost — Unrealized —

ITOT ISHARES TOTAL US STOCK MARKET ETF 0.8%

Value $44.15M Shares 310,000 Est. Cost — Unrealized —

ABT ABBOTT LABORATORIES ORD 0.8%

Value $43.63M Shares 425,000 Est. Cost — Unrealized —

AMAT APPLIED MATERIAL ORD 0.7%

Value $42.38M Shares 124,000 Est. Cost — Unrealized —

LLY ELI LILLY ORD 0.6%

Value $36.79M Shares 40,000 Est. Cost — Unrealized —

HESM HESS MIDSTREAM CL A ORD 0.6%

Value $34.98M Shares 900,000 Est. Cost — Unrealized —

QQQI NEOS NASDAQ 100 HIGH INCOME ETF 0.6%

Value $34.78M Shares 700,000 Est. Cost — Unrealized —

MCD MCDONALD'S ORD 0.6%

Value $33.88M Shares 109,000 Est. Cost — Unrealized —

AMT AMERICAN TOWER REIT 0.6%

Value $32.79M Shares 190,000 Est. Cost — Unrealized —

CMI CUMMINS ORD 0.5%

Value $28.52M Shares 53,000 Est. Cost — Unrealized —

GILD GILEAD SCIENCES ORD 0.5%

Value $27.87M Shares 200,000 Est. Cost — Unrealized —

MSI MOTOROLA SOLUTIONS ORD 0.4%

Value $26.04M Shares 60,000 Est. Cost — Unrealized —

LRCX LAM RESEARCH ORD 0.4%

Value $25.21M Shares 118,000 Est. Cost — Unrealized —

SJM JM SMUCKER ORD 0.3%

Value $19.29M Shares 200,000 Est. Cost — Unrealized —

OS ONESTREAM CL A ORD 0.3%

Value $16.99M Shares 707,800 Est. Cost — Unrealized —

PEN PENUMBRA ORD 0.3%

Value $16.42M Shares 50,000 Est. Cost — Unrealized —

WDAY WORKDAY CL A ORD 0.3%

Value $14.94M Shares 115,000 Est. Cost — Unrealized —

FNDF SCHWAB FUNDAMNTL INTRNL EQT ETF 0.2%

Value $10.47M Shares 214,000 Est. Cost — Unrealized —

PBF PBF ENERGY CL A ORD 0.2%

Value $9.524M Shares 200,000 Est. Cost — Unrealized —

ESGE ISHARES ESG AWARE MSCI EM ETF 0.2%

Value $9.094M Shares 200,000 Est. Cost — Unrealized —

PDD PDD HOLDINGS ADS 0.1%

Value $8.491M Shares 83,100 Est. Cost — Unrealized —

CALX CALIX NETWORKS ORD 0.1%

Value $5.791M Shares 118,200 Est. Cost — Unrealized —

IBN ICICI BANK ADR REP 2 ORD 0.1%

Value $4.67M Shares 180,300 Est. Cost — Unrealized —

REGN REGENERON PHARMACEUTICALS ORD 0.1%

Value $3.863M Shares 5,000 Est. Cost — Unrealized —

IAU ISHARES GOLD ETF 0.1%

Value $3.826M Shares 43,400 Est. Cost — Unrealized —

ACMR ACM RESEARCH CL A ORD 0.1%

Value $3.707M Shares 94,200 Est. Cost — Unrealized —

QFIN QFIN HOLDINGS ADR 0.1%

Value $3.228M Shares 250,000 Est. Cost — Unrealized —

WELL WELLTOWER ORD 0.0%

Value $2.887M Shares 14,600 Est. Cost — Unrealized —

FNDE SCHWAB FUNDTL EMRG MKT EQT ETF 0.0%

Value $2.56M Shares 66,900 Est. Cost — Unrealized —

HTHT H WORLD GROUP ADR 0.0%

Value $1.408M Shares 28,000 Est. Cost — Unrealized —

BAC BANK OF AMERICA ORD 0.0%

Value $829K Shares 17,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPDW	ST STR SPDR POR DE WO EX US ETF	6,039,200	$276M	4.8%	—	—	—	78463X889
VEA	VANGUARD FTSE DEVELOPED MARKETS ETF	2,227,000	$143M	2.5%	—	—	—	921943858
IXUS	ISHARES CORE MSCI TOTL INTL STCK ETF	1,413,600	$122M	2.1%	—	—	—	46432F834
TERN	TERNS PHARMACEUTICALS ORD	2,150,400	$113M	2.0%	—	—	—	880881107
CAT	CATERPILLAR ORD	152,000	$108M	1.9%	—	—	—	149123101
AVGO	BROADCOM ORD	301,000	$93.16M	1.6%	—	—	—	11135F101
JNJ	JOHNSON & JOHNSON ORD	370,000	$90.44M	1.6%	—	—	—	478160104
WFC	WELLS FARGO ORD	1,004,000	$79.93M	1.4%	—	—	—	949746101
VPL	VANGUARD FTSE PACIFIC ETF	787,900	$77M	1.3%	—	—	—	922042866
NEM	NEWMONT ORD	702,000	$75.99M	1.3%	—	—	—	651639106
KWEB	KRANESHARES CSI CHINA INTERNET ETF	2,381,200	$67.7M	1.2%	—	—	—	500767306
PG	PROCTER & GAMBLE ORD	435,000	$62.83M	1.1%	—	—	—	742718109
META	META PLATFORMS CL A ORD	107,000	$61.22M	1.1%	—	—	—	30303M102
MA	MASTERCARD CL A ORD	109,000	$54.46M	0.9%	—	—	—	57636Q104
CVX	CHEVRON ORD	251,000	$51.93M	0.9%	—	—	—	166764100
INSM	INSMED ORD	300,000	$49.06M	0.8%	—	—	—	457669307
ITOT	ISHARES TOTAL US STOCK MARKET ETF	310,000	$44.15M	0.8%	—	—	—	464287150
ABT	ABBOTT LABORATORIES ORD	425,000	$43.63M	0.8%	—	—	—	002824100
AMAT	APPLIED MATERIAL ORD	124,000	$42.38M	0.7%	—	—	—	038222105
LLY	ELI LILLY ORD	40,000	$36.79M	0.6%	—	—	—	532457108
HESM	HESS MIDSTREAM CL A ORD	900,000	$34.98M	0.6%	—	—	—	428103105
QQQI	NEOS NASDAQ 100 HIGH INCOME ETF	700,000	$34.78M	0.6%	—	—	—	78433H675
MCD	MCDONALD'S ORD	109,000	$33.88M	0.6%	—	—	—	580135101
AMT	AMERICAN TOWER REIT	190,000	$32.79M	0.6%	—	—	—	03027X100
CMI	CUMMINS ORD	53,000	$28.52M	0.5%	—	—	—	231021106
GILD	GILEAD SCIENCES ORD	200,000	$27.87M	0.5%	—	—	—	375558103
MSI	MOTOROLA SOLUTIONS ORD	60,000	$26.04M	0.4%	—	—	—	620076307
LRCX	LAM RESEARCH ORD	118,000	$25.21M	0.4%	—	—	—	512807306
SJM	JM SMUCKER ORD	200,000	$19.29M	0.3%	—	—	—	832696405
OS	ONESTREAM CL A ORD	707,800	$16.99M	0.3%	—	—	—	68278B107
PEN	PENUMBRA ORD	50,000	$16.42M	0.3%	—	—	—	70975L107
WDAY	WORKDAY CL A ORD	115,000	$14.94M	0.3%	—	—	—	98138H101
FNDF	SCHWAB FUNDAMNTL INTRNL EQT ETF	214,000	$10.47M	0.2%	—	—	—	808524755
PBF	PBF ENERGY CL A ORD	200,000	$9.524M	0.2%	—	—	—	69318G106
ESGE	ISHARES ESG AWARE MSCI EM ETF	200,000	$9.094M	0.2%	—	—	—	46434G863
PDD	PDD HOLDINGS ADS	83,100	$8.491M	0.1%	—	—	—	722304102
CALX	CALIX NETWORKS ORD	118,200	$5.791M	0.1%	—	—	—	13100M509
IBN	ICICI BANK ADR REP 2 ORD	180,300	$4.67M	0.1%	—	—	—	45104G104
REGN	REGENERON PHARMACEUTICALS ORD	5,000	$3.863M	0.1%	—	—	—	75886F107
IAU	ISHARES GOLD ETF	43,400	$3.826M	0.1%	—	—	—	464285204
ACMR	ACM RESEARCH CL A ORD	94,200	$3.707M	0.1%	—	—	—	00108J109
QFIN	QFIN HOLDINGS ADR	250,000	$3.228M	0.1%	—	—	—	88557W101
WELL	WELLTOWER ORD	14,600	$2.887M	0.0%	—	—	—	95040Q104
FNDE	SCHWAB FUNDTL EMRG MKT EQT ETF	66,900	$2.56M	0.0%	—	—	—	808524730
HTHT	H WORLD GROUP ADR	28,000	$1.408M	0.0%	—	—	—	44332N106
BAC	BANK OF AMERICA ORD	17,000	$829K	0.0%	—	—	—	060505104

Decreased Positions (15)

GDXJ VANECK JUNIOR GOLD MINERS ETF 0.8%

Value $44.21M (-77.5%) Shares 450,000 (-72.5%) Est. Cost — Unrealized —

AAPL APPLE ORD 2.2%

Value $127M (-50.6%) Shares 438,000 (-56.6%) Est. Cost — Unrealized —

SNDK SANDISK ORD 4.3%

Value $250M (+91.1%) Shares 110,000 (-46.6%) Est. Cost — Unrealized —

NVDA NVIDIA ORD 2.9%

Value $171M (-31.4%) Shares 854,000 (-40.2%) Est. Cost — Unrealized —

CELC CELCUITY ORD 0.0%

Value $105K (-99.8%) Shares 1,000 (-99.8%) Est. Cost — Unrealized —

COPX GLOBAL X COPPER MINERS ETF 0.7%

Value $38.48M (-46.1%) Shares 500,000 (-46.5%) Est. Cost — Unrealized —

TTWO TAKE TWO INTERACTIVE SOFTWARE ORD 0.2%

Value $12.5M (-72.0%) Shares 50,000 (-77.9%) Est. Cost — Unrealized —

TER TERADYNE ORD 0.6%

Value $34.84M (-47.8%) Shares 72,000 (-68.0%) Est. Cost — Unrealized —

IBIT ISHARES BITCOIN ETF 0.5%

Value $29.23M (-45.1%) Shares 878,000 (-36.6%) Est. Cost — Unrealized —

ACWI ISHARES MSCI ACWI ETF 1.2%

Value $67.8M (-23.6%) Shares 431,900 (-32.7%) Est. Cost — Unrealized —

BRK/B BERKSHIRE HATHAWAY CL B ORD 0.8%

Value $44.03M (-25.9%) Shares 88,000 (-29.0%) Est. Cost — Unrealized —

ADBE ADOBE ORD 0.4%

Value $21.53M (-33.4%) Shares 105,000 (-21.1%) Est. Cost — Unrealized —

CX CEMEX ADR REP 10 PAR CRTFCT 0.1%

Value $6.239M (-54.2%) Shares 519,900 (-56.3%) Est. Cost — Unrealized —

SPHR SPHERE ENTERTAINMENT CL A ORD 0.7%

Value $39.66M (-9.9%) Shares 229,200 (-38.9%) Est. Cost — Unrealized —

ARQT ARCUTIS BIOTHERAPEUTICS ORD 0.2%

Value $12.76M (-10.8%) Shares 486,700 (-19.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GDXJ	VANECK JUNIOR GOLD MINERS ETF	450,000 (-72.5%)	$44.21M (-77.5%)	0.8%	—	—	JUNIOR GOLD MINE	92189F791
AAPL	APPLE ORD	438,000 (-56.6%)	$127M (-50.6%)	2.2%	—	—	COM	037833100
SNDK	SANDISK ORD	110,000 (-46.6%)	$250M (+91.1%)	4.3%	—	—	COM	80004C200
NVDA	NVIDIA ORD	854,000 (-40.2%)	$171M (-31.4%)	2.9%	—	—	COM	67066G104
CELC	CELCUITY ORD	1,000 (-99.8%)	$105K (-99.8%)	0.0%	—	—	COM	15102K100
COPX	GLOBAL X COPPER MINERS ETF	500,000 (-46.5%)	$38.48M (-46.1%)	0.7%	—	—	GLOBAL X COPPER	37954Y830
TTWO	TAKE TWO INTERACTIVE SOFTWARE ORD	50,000 (-77.9%)	$12.5M (-72.0%)	0.2%	—	—	COM	874054109
TER	TERADYNE ORD	72,000 (-68.0%)	$34.84M (-47.8%)	0.6%	—	—	COM	880770102
IBIT	ISHARES BITCOIN ETF	878,000 (-36.6%)	$29.23M (-45.1%)	0.5%	—	—	SHS BEN INT	46438F101
ACWI	ISHARES MSCI ACWI ETF	431,900 (-32.7%)	$67.8M (-23.6%)	1.2%	—	—	MSCI ACWI ETF	464288257
BRK/B	BERKSHIRE HATHAWAY CL B ORD	88,000 (-29.0%)	$44.03M (-25.9%)	0.8%	—	—	CL B NEW	084670702
ADBE	ADOBE ORD	105,000 (-21.1%)	$21.53M (-33.4%)	0.4%	—	—	COM	00724F101
CX	CEMEX ADR REP 10 PAR CRTFCT	519,900 (-56.3%)	$6.239M (-54.2%)	0.1%	—	—	SPON ADR NEW	151290889
SPHR	SPHERE ENTERTAINMENT CL A ORD	229,200 (-38.9%)	$39.66M (-9.9%)	0.7%	—	—	CL A	55826T102
ARQT	ARCUTIS BIOTHERAPEUTICS ORD	486,700 (-19.9%)	$12.76M (-10.8%)	0.2%	—	—	COM	03969K108

Unchanged Positions (6)

ANET ARISTA NETWORKS ORD 0.9%

Value $54.19M Shares 319,000 Est. Cost — Unrealized —

TAL TAL EDUCATION GRP 3 ADR REP CL A ORD 0.1%

Value $6.699M Shares 700,000 Est. Cost — Unrealized —

FUN SIX FLAGS ENTERTAINMENT ORD 0.1%

Value $4.132M Shares 194,000 Est. Cost — Unrealized —

NKTR NEKTAR THERAPEUTICS ORD 0.3%

Value $18.26M Shares 261,500 Est. Cost — Unrealized —

NOW SERVICENOW ORD 0.2%

Value $9.432M Shares 95,000 Est. Cost — Unrealized —

BZ KANZHUN ADR REP 2 ORD 0.1%

Value $6.928M Shares 538,300 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ANET	ARISTA NETWORKS ORD	319,000	$54.19M	0.9%	—	—	COM SHS	040413205
TAL	TAL EDUCATION GRP 3 ADR REP CL A ORD	700,000	$6.699M	0.1%	—	—	SPONSORED ADS	874080104
FUN	SIX FLAGS ENTERTAINMENT ORD	194,000	$4.132M	0.1%	—	—	COM	83001C108
NKTR	NEKTAR THERAPEUTICS ORD	261,500	$18.26M	0.3%	—	—	COM NEW	640268306
NOW	SERVICENOW ORD	95,000	$9.432M	0.2%	—	—	COM	81762P102
BZ	KANZHUN ADR REP 2 ORD	538,300	$6.928M	0.1%	—	—	SPONSORED ADS	48553T106