Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VST	VISTRA CORP	203,896	$32.34M	4.2%	—	—	COM	92840M102
RKT	ROCKET COS INC	1,886,480	$29.71M	3.9%	—	—	COM CL A	77311W101
UNP	UNION PAC CORP	98,499	$26.79M	3.5%	—	—	COM	907818108
TTMI	TTM TECHNOLOGIES INC	117,631	$22M	2.9%	—	—	COM	87305R109
EFX	EQUIFAX INC	120,000	$19.05M	2.5%	—	—	CALL	294429105
VST	VISTRA CORP	120,000	$19.04M	2.5%	—	—	CALL	92840M102
KGS	KODIAK GAS SVCS INC	246,609	$18.53M	2.4%	—	—	COM	50012A108
UAL	UNITED AIRLS HLDGS INC	135,758	$18.46M	2.4%	—	—	COM	910047109
HUBG	HUB GROUP INC	402,416	$17.62M	2.3%	—	—	CL A	443320106
MTUM	ISHARES TR	50,000	$17.14M	2.2%	—	—	PUT	46432F396
W	WAYFAIR INC	159,515	$14.74M	1.9%	—	—	CL A	94419L101
RRX	REGAL REXNORD CORPORATION	59,447	$14.16M	1.8%	—	—	COM	758750103
W	WAYFAIR INC	150,000	$13.86M	1.8%	—	—	CALL	94419L101
ICLR	ICON PUB LTD CO	70,000	$12.16M	1.6%	—	—	CALL	G4705A100
SAIA	SAIA INC	28,522	$12.01M	1.6%	—	—	COM	78709Y105
ICLR	ICON PUB LTD CO	64,820	$11.26M	1.5%	—	—	SHS	G4705A100
SE	SEA LTD	100,000	$9.583M	1.3%	—	—	CALL	81141R100
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	117,807	$9.174M	1.2%	—	—	CL A	499049104
WOLF	WOLFSPEED INC	168,958	$8.152M	1.1%	—	—	COMMON STOCK	97785W106
STM	STMICROELECTRONICS N V	106,692	$7.99M	1.0%	—	—	NY REGISTRY	861012102
RDDT	REDDIT INC	42,549	$7.386M	1.0%	—	—	CL A	75734B100
IWM	ISHARES TR	24,000	$7.211M	0.9%	—	—	PUT	464287655
GDS	GDS HLDGS LTD	233,952	$7.026M	0.9%	—	—	SPONSORED ADS	36165L108
STX	SEAGATE TECHNOLOGY HLDNGS PL	6,928	$6.686M	0.9%	—	—	ORD SHS	G7997R103
TAC	TRANSALTA CORP	330,000	$4.564M	0.6%	—	—	CALL	89346D107
TLN	TALEN ENERGY CORP	11,099	$4.265M	0.6%	—	—	COM	87422Q109
BABA	ALIBABA GROUP HLDG LTD	30,000	$2.879M	0.4%	—	—	CALL	01609W102
DCO	DUCOMMUN INC DEL	13,469	$2.495M	0.3%	—	—	COM	264147109
GDS	GDS HLDGS LTD	65,000	$1.952M	0.3%	—	—	CALL	36165L108
BABA	ALIBABA GROUP HLDG LTD	3,328	$319K	0.0%	—	—	SPONSORED ADS	01609W102

Increased Positions (7)

UNP UNION PAC CORP 3.1%

Value $23.94M (+9765.6%) Shares 88,000 (+8700.0%) Est. Cost — Unrealized —

WAT WATERS CORP 2.7%

Value $20.99M (+592.9%) Shares 55,975 (+450.2%) Est. Cost — Unrealized —

U UNITY SOFTWARE INC 2.6%

Value $19.96M (+312.7%) Shares 698,280 (+216.8%) Est. Cost — Unrealized —

RIG TRANSOCEAN LTD 1.9%

Value $14.59M (+1108.8%) Shares 2,982,831 (+1538.9%) Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 3.8%

Value $29.46M (+70.1%) Shares 40,000 (+33.3%) Est. Cost — Unrealized —

AKAM AKAMAI TECHNOLOGIES INC 3.0%

Value $23.13M (+49.0%) Shares 195,698 (+44.8%) Est. Cost — Unrealized —

GXO GXO LOGISTICS INCORPORATED 4.0%

Value $30.32M (+11.3%) Shares 598,125 (+13.8%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNP	UNION PAC CORP	88,000 (+8700.0%)	$23.94M (+9765.6%)	3.1%	—	—	CALL	907818108
WAT	WATERS CORP	55,975 (+450.2%)	$20.99M (+592.9%)	2.7%	—	—	COM	941848103
U	UNITY SOFTWARE INC	698,280 (+216.8%)	$19.96M (+312.7%)	2.6%	—	—	COM	91332U101
RIG	TRANSOCEAN LTD	2,982,831 (+1538.9%)	$14.59M (+1108.8%)	1.9%	—	—	REGISTERED SHS	H8817H100
QQQ	INVESCO QQQ TR	40,000 (+33.3%)	$29.46M (+70.1%)	3.8%	—	—	PUT	46090E103
AKAM	AKAMAI TECHNOLOGIES INC	195,698 (+44.8%)	$23.13M (+49.0%)	3.0%	—	—	COM	00971T101
GXO	GXO LOGISTICS INCORPORATED	598,125 (+13.8%)	$30.32M (+11.3%)	4.0%	—	—	COMMON STOCK	36262G101

Exited Positions (29)

EFA ISHARES TR 6.1%

Value $46.62M Shares 480,000 Est. Cost — Unrealized —

DHR DANAHER CORP DEL 4.6%

Value $35.17M Shares 185,510 Est. Cost — Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 3.2%

Value $24.58M Shares 50,000 Est. Cost — Unrealized —

EWT ISHARES INC 2.9%

Value $22.18M Shares 312,800 Est. Cost — Unrealized —

OPCH OPTION CARE HEALTH INC 2.5%

Value $18.83M Shares 699,458 Est. Cost — Unrealized —

CEG CONSTELLATION ENERGY CORP 2.4%

Value $18.15M Shares 65,000 Est. Cost — Unrealized —

META META PLATFORMS INC 2.2%

Value $17.16M Shares 30,000 Est. Cost — Unrealized —

RKT ROCKET COS INC 2.1%

Value $15.96M Shares 1,120,000 Est. Cost — Unrealized —

CEG CONSTELLATION ENERGY CORP 1.9%

Value $14.58M Shares 52,215 Est. Cost — Unrealized —

ON ON SEMICONDUCTOR CORP 1.6%

Value $12.38M Shares 200,000 Est. Cost — Unrealized —

AMZN AMAZON COM INC 1.6%

Value $12M Shares 57,629 Est. Cost — Unrealized —

FICO FAIR ISAAC CORP 1.6%

Value $11.97M Shares 11,217 Est. Cost — Unrealized —

ACVA ACV AUCTIONS INC 1.5%

Value $11.28M Shares 2,659,898 Est. Cost — Unrealized —

TECH BIO-TECHNE CORP 1.4%

Value $10.68M Shares 204,304 Est. Cost — Unrealized —

AL AIR LEASE CORP 1.3%

Value $9.81M Shares 151,059 Est. Cost — Unrealized —

GXO GXO LOGISTICS INCORPORATED 1.2%

Value $9.25M Shares 178,400 Est. Cost — Unrealized —

PINS PINTEREST INC 1.2%

Value $9.17M Shares 500,000 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 1.1%

Value $8.72M Shares 50,000 Est. Cost — Unrealized —

DHR DANAHER CORP DEL 1.0%

Value $7.584M Shares 40,000 Est. Cost — Unrealized —

WOLF WOLFSPEED INC 0.9%

Value $6.528M Shares 400,000 Est. Cost — Unrealized —

META META PLATFORMS INC 0.8%

Value $6.408M Shares 11,200 Est. Cost — Unrealized —

FICO FAIR ISAAC CORP 0.8%

Value $6.405M Shares 6,000 Est. Cost — Unrealized —

ENTG ENTEGRIS INC 0.8%

Value $5.862M Shares 50,000 Est. Cost — Unrealized —

U UNITY SOFTWARE INC 0.7%

Value $5.134M Shares 234,000 Est. Cost — Unrealized —

MSFT MICROSOFT CORP 0.6%

Value $4.553M Shares 12,300 Est. Cost — Unrealized —

AMTM AMENTUM HOLDINGS INC 0.5%

Value $3.912M Shares 150,000 Est. Cost — Unrealized —

SOLS SOLSTICE ADVANCED MATLS INC 0.4%

Value $3.092M Shares 40,601 Est. Cost — Unrealized —

COMP COMPASS INC 0.2%

Value $1.768M Shares 241,900 Est. Cost — Unrealized —

AMZN AMAZON COM INC 0.2%

Value $1.666M Shares 8,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EFA	ISHARES TR	480,000	$46.62M	6.1%	—	—	PUT	464287465
DHR	DANAHER CORP DEL	185,510	$35.17M	4.6%	—	—	—	235851102
TMO	THERMO FISHER SCIENTIFIC INC	50,000	$24.58M	3.2%	—	—	CALL	883556102
EWT	ISHARES INC	312,800	$22.18M	2.9%	—	—	PUT	46434G772
OPCH	OPTION CARE HEALTH INC	699,458	$18.83M	2.5%	—	—	—	68404L201
CEG	CONSTELLATION ENERGY CORP	65,000	$18.15M	2.4%	—	—	CALL	21037T109
META	META PLATFORMS INC	30,000	$17.16M	2.2%	—	—	CALL	30303M102
RKT	ROCKET COS INC	1,120,000	$15.96M	2.1%	—	—	CALL	77311W101
CEG	CONSTELLATION ENERGY CORP	52,215	$14.58M	1.9%	—	—	—	21037T109
ON	ON SEMICONDUCTOR CORP	200,000	$12.38M	1.6%	—	—	CALL	682189105
AMZN	AMAZON COM INC	57,629	$12M	1.6%	—	—	—	023135106
FICO	FAIR ISAAC CORP	11,217	$11.97M	1.6%	—	—	—	303250104
ACVA	ACV AUCTIONS INC	2,659,898	$11.28M	1.5%	—	—	—	00091G104
TECH	BIO-TECHNE CORP	204,304	$10.68M	1.4%	—	—	—	09073M104
AL	AIR LEASE CORP	151,059	$9.81M	1.3%	—	—	—	00912X302
GXO	GXO LOGISTICS INCORPORATED	178,400	$9.25M	1.2%	—	—	CALL	36262G101
PINS	PINTEREST INC	500,000	$9.17M	1.2%	—	—	CALL	72352L106
NVDA	NVIDIA CORPORATION	50,000	$8.72M	1.1%	—	—	CALL	67066G104
DHR	DANAHER CORP DEL	40,000	$7.584M	1.0%	—	—	CALL	235851102
WOLF	WOLFSPEED INC	400,000	$6.528M	0.9%	—	—	CALL	97785W106
META	META PLATFORMS INC	11,200	$6.408M	0.8%	—	—	—	30303M102
FICO	FAIR ISAAC CORP	6,000	$6.405M	0.8%	—	—	CALL	303250104
ENTG	ENTEGRIS INC	50,000	$5.862M	0.8%	—	—	PUT	29362U104
U	UNITY SOFTWARE INC	234,000	$5.134M	0.7%	—	—	CALL	91332U101
MSFT	MICROSOFT CORP	12,300	$4.553M	0.6%	—	—	—	594918104
AMTM	AMENTUM HOLDINGS INC	150,000	$3.912M	0.5%	—	—	PUT	023939101
SOLS	SOLSTICE ADVANCED MATLS INC	40,601	$3.092M	0.4%	—	—	—	83443Q103
COMP	COMPASS INC	241,900	$1.768M	0.2%	—	—	CALL	20464U100
AMZN	AMAZON COM INC	8,000	$1.666M	0.2%	—	—	CALL	023135106

Decreased Positions (10)

AMTM AMENTUM HOLDINGS INC 1.1%

Value $8.613M (-84.1%) Shares 416,705 (-79.9%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 5.1%

Value $38.79M (-48.6%) Shares 104,000 (-49.0%) Est. Cost — Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 3.7%

Value $28.59M (-47.9%) Shares 57,017 (-49.0%) Est. Cost — Unrealized —

AKAM AKAMAI TECHNOLOGIES INC 0.2%

Value $1.738M (-90.5%) Shares 14,700 (-90.8%) Est. Cost — Unrealized —

SMH VANECK ETF TRUST 1.0%

Value $7.871M (-65.8%) Shares 12,000 (-80.0%) Est. Cost — Unrealized —

RBA RB GLOBAL INC 2.2%

Value $17.19M (-40.3%) Shares 147,635 (-50.9%) Est. Cost — Unrealized —

TAC TRANSALTA CORP 6.8%

Value $51.75M (-12.0%) Shares 3,742,183 (-16.6%) Est. Cost — Unrealized —

AMTM AMENTUM HOLDINGS INC 1.2%

Value $9.302M (-40.2%) Shares 450,000 (-24.6%) Est. Cost — Unrealized —

Q QNITY ELECTRONICS INC 2.2%

Value $16.59M (+9.5%) Shares 101,603 (-22.6%) Est. Cost — Unrealized —

CRS CARPENTER TECHNOLOGY CORP 2.6%

Value $19.62M (+7.5%) Shares 31,801 (-31.3%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMTM	AMENTUM HOLDINGS INC	416,705 (-79.9%)	$8.613M (-84.1%)	1.1%	—	—	COM	023939101
MSFT	MICROSOFT CORP	104,000 (-49.0%)	$38.79M (-48.6%)	5.1%	—	—	CALL	594918104
TMO	THERMO FISHER SCIENTIFIC INC	57,017 (-49.0%)	$28.59M (-47.9%)	3.7%	—	—	COM	883556102
AKAM	AKAMAI TECHNOLOGIES INC	14,700 (-90.8%)	$1.738M (-90.5%)	0.2%	—	—	CALL	00971T101
SMH	VANECK ETF TRUST	12,000 (-80.0%)	$7.871M (-65.8%)	1.0%	—	—	PUT	92189F676
RBA	RB GLOBAL INC	147,635 (-50.9%)	$17.19M (-40.3%)	2.2%	—	—	COM	74935Q107
TAC	TRANSALTA CORP	3,742,183 (-16.6%)	$51.75M (-12.0%)	6.8%	—	—	COM	89346D107
AMTM	AMENTUM HOLDINGS INC	450,000 (-24.6%)	$9.302M (-40.2%)	1.2%	—	—	CALL	023939101
Q	QNITY ELECTRONICS INC	101,603 (-22.6%)	$16.59M (+9.5%)	2.2%	—	—	COMMON STOCK	74743L100
CRS	CARPENTER TECHNOLOGY CORP	31,801 (-31.3%)	$19.62M (+7.5%)	2.6%	—	—	COM	144285103

Unchanged Positions (4)

TSEM TOWER SEMICONDUCTOR LTD 1.5%

Value $11.5M Shares 44,135 Est. Cost — Unrealized —

PDD PDD HOLDINGS INC 1.3%

Value $10.31M Shares 135,200 Est. Cost — Unrealized —

NFLX NETFLIX INC. 0.4%

Value $2.97M Shares 41,600 Est. Cost — Unrealized —

NFLX NETFLIX INC. 0.0%

Value $257K Shares 3,600 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSEM	TOWER SEMICONDUCTOR LTD	44,135	$11.5M	1.5%	—	—	SHS NEW	M87915274
PDD	PDD HOLDINGS INC	135,200	$10.31M	1.3%	—	—	PUT	722304102
NFLX	NETFLIX INC.	41,600	$2.97M	0.4%	—	—	PUT	64110L106
NFLX	NETFLIX INC.	3,600	$257K	0.0%	—	—	CALL	64110L106