Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO EXCHANGE TRADED FD T	26,517	$5.089M	5.2%	—	—	S&P500 EQL WGT	46137V357
EWY	ISHARES INC	8,606	$1.059M	1.1%	—	—	MSCI STH KOR ETF	464286772
HWM	HOWMET AEROSPACE INC	4,150	$957K	1.0%	—	—	COM	443201108
INTC	INTEL CORP	5,670	$250K	0.3%	—	—	COM	458140100
META	META PLATFORMS INC	21	$12,243	0.0%	—	—	CALL	30303M102
GOOG	ALPHABET INC	31	$8,770	0.0%	—	—	CALL	02079K107
INTC	INTEL CORP	76	$3,373	0.0%	—	—	CALL	458140100

Increased Positions (8)

SPY STATE STR SPDR S&P 500 ETF T 40.1%

Value $39.27M (+45.9%) Shares 60,386 (+53.0%) Est. Cost — Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 4.2%

Value $4.071M (+106.3%) Shares 12,047 (+85.5%) Est. Cost — Unrealized —

META META PLATFORMS INC 2.8%

Value $2.722M (+212.8%) Shares 4,758 (+261.0%) Est. Cost — Unrealized —

AVGO BROADCOM INC 2.3%

Value $2.256M (+42.8%) Shares 7,289 (+59.7%) Est. Cost — Unrealized —

GOOG ALPHABET INC 1.2%

Value $1.133M (+77.9%) Shares 3,949 (+94.6%) Est. Cost — Unrealized —

GE GE AEROSPACE 3.8%

Value $3.735M (+13.8%) Shares 13,162 (+23.6%) Est. Cost — Unrealized —

SOXX ISHARES TR 1.2%

Value $1.198M (+40.1%) Shares 3,645 (+28.3%) Est. Cost — Unrealized —

CRWV COREWEAVE INC 0.4%

Value $403K (+45.0%) Shares 5,200 (+34.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	60,386 (+53.0%)	$39.27M (+45.9%)	40.1%	—	—	TR UNIT	78462F103
TSM	TAIWAN SEMICONDUCTOR MANUFAC	12,047 (+85.5%)	$4.071M (+106.3%)	4.2%	—	—	SPONSORED ADS	874039100
META	META PLATFORMS INC	4,758 (+261.0%)	$2.722M (+212.8%)	2.8%	—	—	CL A	30303M102
AVGO	BROADCOM INC	7,289 (+59.7%)	$2.256M (+42.8%)	2.3%	—	—	COM	11135F101
GOOG	ALPHABET INC	3,949 (+94.6%)	$1.133M (+77.9%)	1.2%	—	—	CAP STK CL C	02079K107
GE	GE AEROSPACE	13,162 (+23.6%)	$3.735M (+13.8%)	3.8%	—	—	COM NEW	369604301
SOXX	ISHARES TR	3,645 (+28.3%)	$1.198M (+40.1%)	1.2%	—	—	ISHARES SEMICDTR	464287523
CRWV	COREWEAVE INC	5,200 (+34.0%)	$403K (+45.0%)	0.4%	—	—	COM CL A	21873S108

Exited Positions (5)

QQQ INVESCO QQQ TR 9.9%

Value $9.662M Shares 15,729 Est. Cost — Unrealized —

ORCL ORACLE CORP 0.6%

Value $633K Shares 3,247 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 0.1%

Value $109K Shares 587 Est. Cost — Unrealized —

CPNG COUPANG INC 0.0%

Value $12,776 Shares 542 Est. Cost — Unrealized —

UBER UBER TECHNOLOGIES INC 0.0%

Value $12,293 Shares 150 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	15,729	$9.662M	9.9%	—	—	—	46090E103
ORCL	ORACLE CORP	3,247	$633K	0.6%	—	—	—	68389X105
NVDA	NVIDIA CORPORATION	587	$109K	0.1%	—	—	CALL	67066G104
CPNG	COUPANG INC	542	$12,776	0.0%	—	—	CALL	22266T109
UBER	UBER TECHNOLOGIES INC	150	$12,293	0.0%	—	—	CALL	90353T100

Decreased Positions (9)

MSFT MICROSOFT CORP 3.2%

Value $3.148M (-53.2%) Shares 8,505 (-38.8%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 4.1%

Value $4.026M (-44.8%) Shares 23,084 (-40.9%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 5.1%

Value $4.976M (-31.7%) Shares 23,893 (-24.3%) Est. Cost — Unrealized —

UBER UBER TECHNOLOGIES INC 1.7%

Value $1.617M (-58.6%) Shares 22,476 (-53.0%) Est. Cost — Unrealized —

CPNG COUPANG INC 2.1%

Value $2.074M (-46.9%) Shares 109,848 (-33.7%) Est. Cost — Unrealized —

MA MASTERCARD INCORPORATED 3.6%

Value $3.491M (-26.5%) Shares 6,986 (-16.0%) Est. Cost — Unrealized —

TDG TRANSDIGM GROUP INC 1.0%

Value $939K (-56.5%) Shares 810 (-50.1%) Est. Cost — Unrealized —

WWD WOODWARD INC 3.3%

Value $3.189M (-16.2%) Shares 8,910 (-29.2%) Est. Cost — Unrealized —

GEV GE VERNOVA INC 3.8%

Value $3.712M (+16.6%) Shares 4,252 (-12.7%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	8,505 (-38.8%)	$3.148M (-53.2%)	3.2%	—	—	COM	594918104
NVDA	NVIDIA CORPORATION	23,084 (-40.9%)	$4.026M (-44.8%)	4.1%	—	—	COM	67066G104
AMZN	AMAZON COM INC	23,893 (-24.3%)	$4.976M (-31.7%)	5.1%	—	—	COM	023135106
UBER	UBER TECHNOLOGIES INC	22,476 (-53.0%)	$1.617M (-58.6%)	1.7%	—	—	COM	90353T100
CPNG	COUPANG INC	109,848 (-33.7%)	$2.074M (-46.9%)	2.1%	—	—	CL A	22266T109
MA	MASTERCARD INCORPORATED	6,986 (-16.0%)	$3.491M (-26.5%)	3.6%	—	—	CL A	57636Q104
TDG	TRANSDIGM GROUP INC	810 (-50.1%)	$939K (-56.5%)	1.0%	—	—	COM	893641100
WWD	WOODWARD INC	8,910 (-29.2%)	$3.189M (-16.2%)	3.3%	—	—	COM	980745103
GEV	GE VERNOVA INC	4,252 (-12.7%)	$3.712M (+16.6%)	3.8%	—	—	COM	36828A101

Unchanged Positions (1)

SHYG ISHARES TR 8.7%

Value $8.547M Shares 202,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SHYG	ISHARES TR	202,000	$8.547M	8.7%	—	—	0-5YR HI YL CP	46434V407