Arvin Capital Management LP Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	204,000	$75,515	9.2%	$434.61	0.0%	CALL	594918104
EFA	ISHARES TR	480,000	$46,622	5.7%	—	—	PUT	464287465
TMO	THERMO FISHER SCIENTIFIC INC	50,000	$24,577	3.0%	$489.69	+17.3%	CALL	883556102
SMH	VANECK ETF TRUST	60,000	$23,004	2.8%	—	—	PUT	92189F676
EWT	ISHARES INC	312,800	$22,184	2.7%	—	—	PUT	46434G772
AKAM	AKAMAI TECHNOLOGIES INC	160,000	$18,376	2.2%	$95.71	0.0%	CALL	00971T101
CEG	CONSTELLATION ENERGY CORP	65,000	$18,151	2.2%	$298.01	+1.1%	CALL	21037T109
META	META PLATFORMS INC	30,000	$17,164	2.1%	$655.57	0.0%	CALL	30303M102
RKT	ROCKET COS INC	1,120,000	$15,960	1.9%	—	—	CALL	77311W101
AKAM	AKAMAI TECHNOLOGIES INC	135,152	$15,522	1.9%	$95.71	0.0%	COM	00971T101
PDD	PDD HOLDINGS INC	135,200	$13,815	1.7%	—	—	PUT	722304102
ON	ON SEMICONDUCTOR CORP	200,000	$12,384	1.5%	—	—	CALL	682189105
FICO	FAIR ISAAC CORP	11,217	$11,975	1.5%	$1466.95	0.0%	COM	303250104
GXO	GXO LOGISTICS INCORPORATED	178,400	$9,250	1.1%	$45.14	+30.9%	CALL	36262G101
PINS	PINTEREST INC	500,000	$9,170	1.1%	—	—	CALL	72352L106
NVDA	NVIDIA CORPORATION	50,000	$8,720	1.1%	$186.13	+0.3%	CALL	67066G104
WOLF	WOLFSPEED INC	400,000	$6,528	0.8%	—	—	CALL	97785W106
META	META PLATFORMS INC	11,200	$6,408	0.8%	$655.57	0.0%	CL A	30303M102
FICO	FAIR ISAAC CORP	6,000	$6,405	0.8%	$1466.95	0.0%	CALL	303250104
ENTG	ENTEGRIS INC	50,000	$5,862	0.7%	—	—	PUT	29362U104
U	UNITY SOFTWARE INC	234,000	$5,134	0.6%	$34.85	-6.2%	CALL	91332U101
MSFT	MICROSOFT CORP	12,300	$4,553	0.6%	$434.61	0.0%	COM	594918104
NFLX	NETFLIX INC.	41,600	$4,000	0.5%	—	—	PUT	64110L106
AMTM	AMENTUM HOLDINGS INC	150,000	$3,912	0.5%	$25.16	+33.0%	PUT	023939101
SOLS	SOLSTICE ADVANCED MATLS INC	40,601	$3,092	0.4%	$65.21	0.0%	COM SHS	83443Q103
WAT	WATERS CORP	10,174	$3,030	0.4%	$367.10	0.0%	COM	941848103
COMP	COMPASS INC	241,900	$1,768	0.2%	—	—	CALL	20464U100
RIG	TRANSOCEAN LTD	182,000	$1,207	0.1%	$5.16	0.0%	REGISTERED SHS	H8817H100
NFLX	NETFLIX INC.	3,600	$346	0.0%	—	—	CALL	64110L106
UNP	UNION PAC CORP	1,000	$243	0.0%	—	—	CALL	907818108

Increased Positions (13)

TMO THERMO FISHER SCIENTIFIC INC 6.7%

Value ($000) $54,902 (+39.7%) Shares 111,697 (+64.7%) Est. Cost $489.69 Unrealized +17.3%

RBA RB GLOBAL INC 3.5%

Value ($000) $28,803 (+79.5%) Shares 300,500 (+92.6%) Est. Cost $103.13 Unrealized +6.6%

AMTM AMENTUM HOLDINGS INC 1.9%

Value ($000) $15,557 (+226.1%) Shares 596,500 (+262.6%) Est. Cost $25.16 Unrealized +33.0%

TAC TRANSALTA CORP 7.2%

Value ($000) $58,796 (+21.8%) Shares 4,488,235 (+17.5%) Est. Cost $11.83 Unrealized +9.2%

ACVA ACV AUCTIONS INC 1.4%

Value ($000) $11,278 (-38.8%) Shares 2,659,898 (+15.8%) Est. Cost $9.12 Unrealized -16.0%

AMTM AMENTUM HOLDINGS INC 6.6%

Value ($000) $54,017 (+13.8%) Shares 2,071,200 (+26.6%) Est. Cost $25.16 Unrealized +33.0%

Q QNITY ELECTRONICS INC 1.8%

Value ($000) $15,150 (+60.8%) Shares 131,303 (+13.8%) Est. Cost $86.89 Unrealized +16.5%

DHR DANAHER CORP DEL 4.3%

Value ($000) $35,173 (+12.6%) Shares 185,510 (+35.9%) Est. Cost $217.36 Unrealized +3.4%

OPCH OPTION CARE HEALTH INC 2.3%

Value ($000) $18,829 (+21.0%) Shares 699,458 (+43.2%) Est. Cost $31.68 Unrealized +8.6%

DHR DANAHER CORP DEL 0.9%

Value ($000) $7,584 (-10.5%) Shares 40,000 (+8.1%) Est. Cost $217.36 Unrealized +3.4%

CEG CONSTELLATION ENERGY CORP 1.8%

Value ($000) $14,581 (+5.3%) Shares 52,215 (+33.2%) Est. Cost $298.01 Unrealized +1.1%

GXO GXO LOGISTICS INCORPORATED 3.3%

Value ($000) $27,243 (+2.0%) Shares 525,419 (+3.6%) Est. Cost $45.14 Unrealized +30.9%

U UNITY SOFTWARE INC 0.6%

Value ($000) $4,835 (+0.8%) Shares 220,382 (+103.0%) Est. Cost $34.85 Unrealized -6.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TMO	THERMO FISHER SCIENTIFIC INC	111,697 (+64.7%)	$54,902 (+39.7%)	6.7%	$489.69	+17.3%	COM	883556102
RBA	RB GLOBAL INC	300,500 (+92.6%)	$28,803 (+79.5%)	3.5%	$103.13	+6.6%	COM	74935Q107
AMTM	AMENTUM HOLDINGS INC	596,500 (+262.6%)	$15,557 (+226.1%)	1.9%	$25.16	+33.0%	CALL	023939101
TAC	TRANSALTA CORP	4,488,235 (+17.5%)	$58,796 (+21.8%)	7.2%	$11.83	+9.2%	COM	89346D107
ACVA	ACV AUCTIONS INC	2,659,898 (+15.8%)	$11,278 (-38.8%)	1.4%	$9.12	-16.0%	COM CL A	00091G104
AMTM	AMENTUM HOLDINGS INC	2,071,200 (+26.6%)	$54,017 (+13.8%)	6.6%	$25.16	+33.0%	COM	023939101
Q	QNITY ELECTRONICS INC	131,303 (+13.8%)	$15,150 (+60.8%)	1.8%	$86.89	+16.5%	COMMON STOCK	74743L100
DHR	DANAHER CORP DEL	185,510 (+35.9%)	$35,173 (+12.6%)	4.3%	$217.36	+3.4%	COM	235851102
OPCH	OPTION CARE HEALTH INC	699,458 (+43.2%)	$18,829 (+21.0%)	2.3%	$31.68	+8.6%	COM NEW	68404L201
DHR	DANAHER CORP DEL	40,000 (+8.1%)	$7,584 (-10.5%)	0.9%	$217.36	+3.4%	CALL	235851102
CEG	CONSTELLATION ENERGY CORP	52,215 (+33.2%)	$14,581 (+5.3%)	1.8%	$298.01	+1.1%	COM	21037T109
GXO	GXO LOGISTICS INCORPORATED	525,419 (+3.6%)	$27,243 (+2.0%)	3.3%	$45.14	+30.9%	COMMON STOCK	36262G101
U	UNITY SOFTWARE INC	220,382 (+103.0%)	$4,835 (+0.8%)	0.6%	$34.85	-6.2%	COM	91332U101

Exited Positions (20)

GEHC GE HEALTHCARE TECHNOLOGIES I 3.0%

Value ($000) $24,927 Shares 303,912 Est. Cost $72.38 Unrealized +13.6%

SNPS SYNOPSYS INC 2.5%

Value ($000) $20,588 Shares 43,830 Est. Cost $526.35 Unrealized -10.4%

EFX EQUIFAX INC 1.9%

Value ($000) $15,955 Shares 73,532 Est. Cost $234.25 Unrealized -12.8%

ICLR ICON PLC 1.1%

Value ($000) $9,140 Shares 50,160 Est. Cost $167.36 Unrealized -6.6%

IQV IQVIA HLDGS INC 1.1%

Value ($000) $8,701 Shares 38,600 Est. Cost $181.84 Unrealized +15.6%

FND FLOOR & DECOR HLDGS INC 0.9%

Value ($000) $7,487 Shares 122,964 Est. Cost $64.82 Unrealized +7.9%

CMG CHIPOTLE MEXICAN GRILL INC 0.8%

Value ($000) $6,945 Shares 187,712 Est. Cost $36.17 Unrealized +7.2%

ITRI ITRON INC 0.8%

Value ($000) $6,590 Shares 70,971 Est. Cost $122.01 Unrealized -19.1%

NVDA NVIDIA CORPORATION 0.8%

Value ($000) $6,546 Shares 35,100 Est. Cost $186.13 Unrealized +0.3%

FND FLOOR & DECOR HLDGS INC 0.7%

Value ($000) $6,089 Shares 100,000 Est. Cost $64.82 Unrealized +7.9%

TAC TRANSALTA CORP 0.6%

Value ($000) $5,084 Shares 402,200 Est. Cost $11.83 Unrealized +9.2%

TECH BIO-TECHNE CORP 0.6%

Value ($000) $4,987 Shares 84,800 Est. Cost $60.72 Unrealized +5.5%

SNPS SYNOPSYS INC 0.6%

Value ($000) $4,697 Shares 10,000 Est. Cost $526.35 Unrealized -10.4%

KBR KBR INC 0.5%

Value ($000) $4,422 Shares 110,000 Est. Cost — Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.4%

Value ($000) $3,371 Shares 23,000 Est. Cost — Unrealized —

SATS ECHOSTAR CORP 0.3%

Value ($000) $2,804 Shares 25,800 Est. Cost $81.43 Unrealized +42.9%

BE BLOOM ENERGY CORP 0.3%

Value ($000) $2,190 Shares 25,200 Est. Cost $105.07 Unrealized +37.7%

SRAD SPORTRADAR GROUP AG 0.2%

Value ($000) $1,421 Shares 59,800 Est. Cost $23.77 Unrealized —

CCOI COGENT COMMUNICATIONS HLDGS 0.0%

Value ($000) $399 Shares 18,500 Est. Cost — Unrealized —

ICLR ICON PLC 0.0%

Value ($000) $383 Shares 2,100 Est. Cost $167.36 Unrealized -6.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GEHC	GE HEALTHCARE TECHNOLOGIES I	303,912	$24,927	3.0%	$72.38	+13.6%	—	36266G107
SNPS	SYNOPSYS INC	43,830	$20,588	2.5%	$526.35	-10.4%	—	871607107
EFX	EQUIFAX INC	73,532	$15,955	1.9%	$234.25	-12.8%	—	294429105
ICLR	ICON PLC	50,160	$9,140	1.1%	$167.36	-6.6%	—	G4705A100
IQV	IQVIA HLDGS INC	38,600	$8,701	1.1%	$181.84	+15.6%	—	46266C105
FND	FLOOR & DECOR HLDGS INC	122,964	$7,487	0.9%	$64.82	+7.9%	—	339750101
CMG	CHIPOTLE MEXICAN GRILL INC	187,712	$6,945	0.8%	$36.17	+7.2%	—	169656105
ITRI	ITRON INC	70,971	$6,590	0.8%	$122.01	-19.1%	—	465741106
NVDA	NVIDIA CORPORATION	35,100	$6,546	0.8%	$186.13	+0.3%	—	67066G104
FND	FLOOR & DECOR HLDGS INC	100,000	$6,089	0.7%	$64.82	+7.9%	CALL	339750101
TAC	TRANSALTA CORP	402,200	$5,084	0.6%	$11.83	+9.2%	CALL	89346D107
TECH	BIO-TECHNE CORP	84,800	$4,987	0.6%	$60.72	+5.5%	CALL	09073M104
SNPS	SYNOPSYS INC	10,000	$4,697	0.6%	$526.35	-10.4%	CALL	871607107
KBR	KBR INC	110,000	$4,422	0.5%	—	—	CALL	48242W106
BABA	ALIBABA GROUP HLDG LTD	23,000	$3,371	0.4%	—	—	CALL	01609W102
SATS	ECHOSTAR CORP	25,800	$2,804	0.3%	$81.43	+42.9%	—	278768106
BE	BLOOM ENERGY CORP	25,200	$2,190	0.3%	$105.07	+37.7%	—	093712107
SRAD	SPORTRADAR GROUP AG	59,800	$1,421	0.2%	$23.77	—	—	H8088L103
CCOI	COGENT COMMUNICATIONS HLDGS	18,500	$399	0.0%	—	—	CALL	19239V302
ICLR	ICON PLC	2,100	$383	0.0%	$167.36	-6.6%	CALL	G4705A100

Decreased Positions (4)

AMZN AMAZON COM INC 1.5%

Value ($000) $12,002 (-53.1%) Shares 57,629 (-48.0%) Est. Cost $192.60 Unrealized +17.8%

TECH BIO-TECHNE CORP 1.3%

Value ($000) $10,677 (-39.4%) Shares 204,304 (-31.8%) Est. Cost $60.72 Unrealized +5.5%

AMZN AMAZON COM INC 0.2%

Value ($000) $1,666 (-71.1%) Shares 8,000 (-68.0%) Est. Cost $192.60 Unrealized +17.8%

CRS CARPENTER TECHNOLOGY CORP 2.2%

Value ($000) $18,249 (-15.9%) Shares 46,300 (-32.8%) Est. Cost $165.27 Unrealized +111.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	57,629 (-48.0%)	$12,002 (-53.1%)	1.5%	$192.60	+17.8%	COM	023135106
TECH	BIO-TECHNE CORP	204,304 (-31.8%)	$10,677 (-39.4%)	1.3%	$60.72	+5.5%	COM	09073M104
AMZN	AMAZON COM INC	8,000 (-68.0%)	$1,666 (-71.1%)	0.2%	$192.60	+17.8%	CALL	023135106
CRS	CARPENTER TECHNOLOGY CORP	46,300 (-32.8%)	$18,249 (-15.9%)	2.2%	$165.27	+111.4%	COM	144285103

Unchanged Positions (3)

TSEM TOWER SEMICONDUCTOR LTD 0.9%

Value ($000) $7,745 Shares 44,135 Est. Cost $45.77 Unrealized +181.6%

QQQ INVESCO QQQ TR 2.1%

Value ($000) $17,315 Shares 30,000 Est. Cost — Unrealized —

AL AIR LEASE CORP 1.2%

Value ($000) $9,810 Shares 151,059 Est. Cost $51.78 Unrealized +24.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSEM	TOWER SEMICONDUCTOR LTD	44,135	$7,745	0.9%	$45.77	+181.6%	SHS NEW	M87915274
QQQ	INVESCO QQQ TR	30,000	$17,315	2.1%	—	—	PUT	46090E103
AL	AIR LEASE CORP	151,059	$9,810	1.2%	$51.78	+24.6%	CL A	00912X302