Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UPS	UNITED PARCEL SVCS INC	238,535	$23.47M	2.3%	$109.86	0.0%	CL B	911312106
HAL	HALLIBURTON CO	566,429	$22.09M	2.1%	$33.54	0.0%	COM	406216101
SLB	SLB LIMITED	355,255	$18.26M	1.8%	$48.30	0.0%	COM STK	806857108
MGM	MGM RESORTS INTERNATIONAL	428,440	$15.86M	1.5%	$35.09	0.0%	COM	552953101
DOW	DOW HLDGS INC	354,180	$14.75M	1.4%	$29.05	0.0%	COM	260557103
SSRM	SSR MINING IN	361,570	$10.63M	1.0%	$25.47	0.0%	COM	784730103
PM	PHILIP MORRIS INTL INC	50,189	$8.298M	0.8%	$175.91	0.0%	COM	718172109
VG	VENTURE GLOBAL INC	505,122	$7.961M	0.8%	$8.89	0.0%	COM CL A	92333F101
ACHC	ACADIA HEALTHCARE COMPANY I	229,127	$5.359M	0.5%	$14.53	0.0%	N COM	00404A109
APA	APA CORPORATION	75,542	$3.206M	0.3%	$26.43	0.0%	COM	03743Q108
COP	CONOCOPHILLIPS	22,310	$2.945M	0.3%	$102.65	0.0%	COM	20825C104
NEXT	NEXTDECADE CORP	352,759	$2.702M	0.3%	$5.20	0.0%	COM	65342K105
TBN	TAMBORAN RES CORP	46,881	$2.344M	0.2%	$28.21	0.0%	COM	87507T101
CEG	CONSTELLATION ENERGY CORP	8,299	$2.317M	0.2%	$301.15	0.0%	COM	21037T109
KLAC	KLA CORP	1,399	$2.06M	0.2%	$1462.03	0.0%	COM NEW	482480100
LRCX	LAM RESEARCH CORP	9,512	$2.032M	0.2%	$225.94	0.0%	COM NEW	512807306
NRG	NRG ENERGY INC	13,752	$2.01M	0.2%	$158.48	0.0%	COM NEW	629377508
STRL	STERLING INFRASTRUCTURE INC	4,824	$1.965M	0.2%	$376.45	0.0%	COM	859241101
ONTO	ONTO INNOVATION INC	8,831	$1.811M	0.2%	$206.81	0.0%	COM	683344105
MEOH	METHANEX CORP	30,000	$1.786M	0.2%	$47.45	0.0%	COM	59151K108
MPWR	MONOLITHIC PWR SYS INC	1,457	$1.593M	0.2%	$1104.63	0.0%	COM	609839105
NCLH	NORWEGIAN CRUISE LINE HLDGS	56,830	$1.063M	0.1%	$22.86	0.0%	SHS	G66721104
GOOS	CANADA GOOSE HLDGS INC	83,596	$917K	0.1%	$12.59	0.0%	SHS SUB VTG	135086106
AEHR	AEHR TEST SYS	21,899	$812K	0.1%	$28.06	0.0%	COM	00760J108
IBRX	IMMUNITYBIO INC	94,041	$721K	0.1%	$5.88	0.0%	COM	45256X103
U	UNITY SOFTWARE INC	31,885	$700K	0.1%	$32.68	0.0%	COM	91332U101
UVIX	VS TRUST	71,900	$623K	0.1%	$8.66	—	2X LONG VIX FUTU	92891H606

Increased Positions (32)

ETN EATON CORP PLC 3.4%

Value $35.86M (+178.5%) Shares 100,255 (+148.0%) Est. Cost $353.94 Unrealized -0.1%

LMT LOCKHEED MARTIN CORP 2.0%

Value $20.68M (+1560.1%) Shares 34,210 (+1228.5%) Est. Cost $589.38 Unrealized +2.0%

LNG CHENIERE ENERGY INC 2.3%

Value $23.82M (+143.3%) Shares 83,945 (+66.7%) Est. Cost $185.30 Unrealized +13.2%

EXE EXPAND ENERGY CORPORATION 3.6%

Value $37.49M (+51.2%) Shares 341,456 (+52.0%) Est. Cost $96.89 Unrealized +9.2%

AR ANTERO RESOURCES CORP 2.1%

Value $21.35M (+80.2%) Shares 503,153 (+46.3%) Est. Cost $33.84 Unrealized -0.1%

AAPL APPLE INC 3.7%

Value $38.82M (+25.3%) Shares 152,956 (+34.2%) Est. Cost $218.68 Unrealized +20.2%

GOOG ALPHABET INC 5.8%

Value $60.67M (+11.5%) Shares 211,491 (+22.0%) Est. Cost $197.49 Unrealized +63.9%

BWXT BWX TECHNOLOGIES INC 2.2%

Value $22.85M (+32.7%) Shares 111,731 (+12.2%) Est. Cost $179.30 Unrealized +13.2%

GE GE AEROSPACE 1.9%

Value $20.02M (+26.3%) Shares 70,535 (+37.1%) Est. Cost $245.57 Unrealized +29.6%

PHM PULTE GROUP INC 3.6%

Value $37.44M (+12.1%) Shares 318,349 (+11.8%) Est. Cost $107.54 Unrealized +22.2%

RTX RTX CORPORATION 2.7%

Value $28.56M (+12.7%) Shares 148,079 (+7.1%) Est. Cost $115.39 Unrealized +70.4%

NVDA NVIDIA CORPORATION 3.9%

Value $40.4M (+7.2%) Shares 231,640 (+14.6%) Est. Cost $163.26 Unrealized +14.3%

CCL CARNIVAL CORP 3.6%

Value $37.8M (-6.0%) Shares 1,460,718 (+10.9%) Est. Cost $19.64 Unrealized +57.9%

MSFT MICROSOFT CORP 1.7%

Value $18.13M (-11.4%) Shares 48,974 (+15.8%) Est. Cost $327.72 Unrealized +32.6%

BA BOEING CO 3.4%

Value $35.67M (-5.9%) Shares 179,240 (+2.6%) Est. Cost $183.07 Unrealized +30.3%

DHI D R HORTON INC 3.4%

Value $35.5M (+6.6%) Shares 258,741 (+11.9%) Est. Cost $134.39 Unrealized +16.0%

RCL ROYAL CARIBBEAN GROUP 3.3%

Value $34.11M (+6.9%) Shares 123,961 (+8.3%) Est. Cost $179.58 Unrealized +72.0%

PANW PALO ALTO NETWORKS INC 0.9%

Value $8.909M (+23.1%) Shares 55,569 (+41.5%) Est. Cost $182.95 Unrealized -5.9%

DUK DUKE ENERGY CORP NEW 0.8%

Value $7.925M (+26.7%) Shares 60,522 (+13.4%) Est. Cost $94.27 Unrealized +28.2%

PFSI PENNYMAC FINL SVCS INC NEW 0.4%

Value $3.752M (-30.4%) Shares 42,930 (+5.0%) Est. Cost $126.50 Unrealized -5.5%

LITE LUMENTUM HLDGS INC 0.2%

Value $1.813M (+96.4%) Shares 2,580 (+3.0%) Est. Cost $263.01 Unrealized +77.6%

MOS MOSAIC CO 0.2%

Value $1.846M (+85.2%) Shares 72,410 (+74.9%) Est. Cost $31.35 Unrealized -11.1%

VIK VIKING HOLDINGS LTD 0.2%

Value $2.415M (+14.8%) Shares 32,868 (+11.6%) Est. Cost $64.85 Unrealized +13.8%

KRYS KRYSTAL BIOTECH INC 0.2%

Value $2.196M (+14.1%) Shares 8,502 (+8.9%) Est. Cost $215.54 Unrealized +26.4%

FWONK LIBERTY MEDIA CORP DEL 0.3%

Value $3.319M (-6.9%) Shares 39,034 (+7.9%) Est. Cost $73.76 Unrealized —

ARCO ARCOS DORADOS HLDGS INC 0.1%

Value $1.315M (+21.6%) Shares 159,410 (+8.2%) Est. Cost $7.22 Unrealized +12.5%

SITM SITIME CORP 0.2%

Value $1.953M (+13.5%) Shares 5,655 (+16.1%) Est. Cost $269.42 Unrealized +40.1%

SCI SERVICE CORP INTL 0.3%

Value $2.612M (+9.2%) Shares 31,659 (+3.2%) Est. Cost $78.08 Unrealized +3.7%

ROL ROLLINS INC 0.1%

Value $1.31M (-6.6%) Shares 24,530 (+5.0%) Est. Cost $50.98 Unrealized +21.3%

CRSP CRISPR THERAPEUTICS AG 0.1%

Value $1.174M (-2.6%) Shares 24,685 (+7.3%) Est. Cost $57.14 Unrealized -6.4%

AER AERCAP HOLDINGS NV 0.4%

Value $4.238M (+0.7%) Shares 30,896 (+5.5%) Est. Cost $109.73 Unrealized +32.9%

PDD PDD HOLDINGS INC 0.1%

Value $935K (-2.4%) Shares 9,155 (+8.3%) Est. Cost $104.47 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ETN	EATON CORP PLC	100,255 (+148.0%)	$35.86M (+178.5%)	3.4%	$353.94	-0.1%	SHS	G29183103
LMT	LOCKHEED MARTIN CORP	34,210 (+1228.5%)	$20.68M (+1560.1%)	2.0%	$589.38	+2.0%	COM	539830109
LNG	CHENIERE ENERGY INC	83,945 (+66.7%)	$23.82M (+143.3%)	2.3%	$185.30	+13.2%	COM NEW	16411R208
EXE	EXPAND ENERGY CORPORATION	341,456 (+52.0%)	$37.49M (+51.2%)	3.6%	$96.89	+9.2%	COM	165167735
AR	ANTERO RESOURCES CORP	503,153 (+46.3%)	$21.35M (+80.2%)	2.1%	$33.84	-0.1%	COM	03674X106
AAPL	APPLE INC	152,956 (+34.2%)	$38.82M (+25.3%)	3.7%	$218.68	+20.2%	COM	037833100
GOOG	ALPHABET INC	211,491 (+22.0%)	$60.67M (+11.5%)	5.8%	$197.49	+63.9%	CAP STK CL C	02079K107
BWXT	BWX TECHNOLOGIES INC	111,731 (+12.2%)	$22.85M (+32.7%)	2.2%	$179.30	+13.2%	COM	05605H100
GE	GE AEROSPACE	70,535 (+37.1%)	$20.02M (+26.3%)	1.9%	$245.57	+29.6%	COM NEW	369604301
PHM	PULTE GROUP INC	318,349 (+11.8%)	$37.44M (+12.1%)	3.6%	$107.54	+22.2%	COM	745867101
RTX	RTX CORPORATION	148,079 (+7.1%)	$28.56M (+12.7%)	2.7%	$115.39	+70.4%	COM	75513E101
NVDA	NVIDIA CORPORATION	231,640 (+14.6%)	$40.4M (+7.2%)	3.9%	$163.26	+14.3%	COM	67066G104
CCL	CARNIVAL CORP	1,460,718 (+10.9%)	$37.8M (-6.0%)	3.6%	$19.64	+57.9%	COMMON STOCK	143658300
MSFT	MICROSOFT CORP	48,974 (+15.8%)	$18.13M (-11.4%)	1.7%	$327.72	+32.6%	COM	594918104
BA	BOEING CO	179,240 (+2.6%)	$35.67M (-5.9%)	3.4%	$183.07	+30.3%	COM	097023105
DHI	D R HORTON INC	258,741 (+11.9%)	$35.5M (+6.6%)	3.4%	$134.39	+16.0%	COM	23331A109
RCL	ROYAL CARIBBEAN GROUP	123,961 (+8.3%)	$34.11M (+6.9%)	3.3%	$179.58	+72.0%	COM	V7780T103
PANW	PALO ALTO NETWORKS INC	55,569 (+41.5%)	$8.909M (+23.1%)	0.9%	$182.95	-5.9%	COM	697435105
DUK	DUKE ENERGY CORP NEW	60,522 (+13.4%)	$7.925M (+26.7%)	0.8%	$94.27	+28.2%	COM NEW	26441C204
PFSI	PENNYMAC FINL SVCS INC NEW	42,930 (+5.0%)	$3.752M (-30.4%)	0.4%	$126.50	-5.5%	COM	70932M107
LITE	LUMENTUM HLDGS INC	2,580 (+3.0%)	$1.813M (+96.4%)	0.2%	$263.01	+77.6%	COM	55024U109
MOS	MOSAIC CO	72,410 (+74.9%)	$1.846M (+85.2%)	0.2%	$31.35	-11.1%	COM	61945C103
VIK	VIKING HOLDINGS LTD	32,868 (+11.6%)	$2.415M (+14.8%)	0.2%	$64.85	+13.8%	ORD SHS	G93A5A101
KRYS	KRYSTAL BIOTECH INC	8,502 (+8.9%)	$2.196M (+14.1%)	0.2%	$215.54	+26.4%	COM	501147102
FWONK	LIBERTY MEDIA CORP DEL	39,034 (+7.9%)	$3.319M (-6.9%)	0.3%	$73.76	—	COM LBTY ONE S C	531229755
ARCO	ARCOS DORADOS HLDGS INC	159,410 (+8.2%)	$1.315M (+21.6%)	0.1%	$7.22	+12.5%	SHS CLASS -A -	G0457F107
SITM	SITIME CORP	5,655 (+16.1%)	$1.953M (+13.5%)	0.2%	$269.42	+40.1%	COM	82982T106
SCI	SERVICE CORP INTL	31,659 (+3.2%)	$2.612M (+9.2%)	0.3%	$78.08	+3.7%	COM	817565104
ROL	ROLLINS INC	24,530 (+5.0%)	$1.31M (-6.6%)	0.1%	$50.98	+21.3%	COM	775711104
CRSP	CRISPR THERAPEUTICS AG	24,685 (+7.3%)	$1.174M (-2.6%)	0.1%	$57.14	-6.4%	NAMEN AKT	H17182108
AER	AERCAP HOLDINGS NV	30,896 (+5.5%)	$4.238M (+0.7%)	0.4%	$109.73	+32.9%	SHS	N00985106
PDD	PDD HOLDINGS INC	9,155 (+8.3%)	$935K (-2.4%)	0.1%	$104.47	—	SPONSORED ADS	722304102

Exited Positions (39)

LVS LAS VEGAS SANDS CORP 2.3%

Value $23.56M Shares 362,002 Est. Cost $52.28 Unrealized +11.7%

BABA ALIBABA GROUP HLDG LTD 2.1%

Value $21.59M Shares 147,310 Est. Cost $120.30 Unrealized —

BAH BOOZ ALLEN HAMILTON HLDG COR 1.9%

Value $19.28M Shares 228,580 Est. Cost $88.51 Unrealized -1.7%

TXT TEXTRON INC 1.6%

Value $16.86M Shares 193,430 Est. Cost $83.66 Unrealized +12.4%

UHS UNIVERSAL HLTH SVCS INC 1.6%

Value $16.71M Shares 76,650 Est. Cost $220.94 Unrealized -3.0%

WYNN WYNN RESORTS LTD 1.5%

Value $15.55M Shares 129,230 Est. Cost $115.07 Unrealized -0.8%

EHC ENCOMPASS HEALTH CORP 1.0%

Value $10.14M Shares 95,501 Est. Cost $59.39 Unrealized +73.3%

TXG 10X GENOMICS INC 1.0%

Value $9.955M Shares 610,374 Est. Cost $15.11 Unrealized +31.4%

BA BOEING CO 0.9%

Value $9.119M Shares 42,000 Est. Cost $183.07 Unrealized +30.3%

MLCO MELCO RESORTS AND ENTMNT LTD 0.8%

Value $8.485M Shares 1,120,920 Est. Cost $8.93 Unrealized —

ACLX ARCELLX INC 0.8%

Value $8.462M Shares 129,780 Est. Cost $79.78 Unrealized -10.6%

TEL TE CONNECTIVITY PLC 0.6%

Value $6.268M Shares 27,550 Est. Cost $211.87 Unrealized +8.5%

BKNG BOOKING HOLDINGS INC 0.5%

Value $4.948M Shares 924 Est. Cost $2150.16 Unrealized +122.4%

TJX TJX COS INC NEW 0.3%

Value $2.643M Shares 17,206 Est. Cost $147.70 Unrealized +4.4%

TSLA TESLA INC 0.2%

Value $2.57M Shares 5,715 Est. Cost $338.79 Unrealized +25.7%

FTI TECHNIPFMC PLC 0.2%

Value $2.325M Shares 52,180 Est. Cost $42.20 Unrealized +33.5%

GKOS GLAUKOS CORP 0.2%

Value $2.3M Shares 20,368 Est. Cost $95.54 Unrealized +21.5%

RH RH 0.2%

Value $2.266M Shares 12,648 Est. Cost $200.83 Unrealized +3.7%

HP HELMERICH & PAYNE INC 0.2%

Value $2.23M Shares 77,742 Est. Cost $26.56 Unrealized +25.3%

PAAS PAN AMERN SILVER CORP 0.2%

Value $2.153M Shares 41,563 Est. Cost $41.86 Unrealized +39.5%

JAZZ JAZZ PHARMACEUTICALS PLC 0.2%

Value $2.128M Shares 12,517 Est. Cost $153.31 Unrealized +10.3%

NEM NEWMONT CORP 0.2%

Value $2.05M Shares 20,532 Est. Cost $69.39 Unrealized +70.2%

KGC KINROSS GOLD CORP 0.2%

Value $2.044M Shares 72,580 Est. Cost $20.53 Unrealized +64.6%

NU NU HLDGS LTD 0.2%

Value $1.947M Shares 116,337 Est. Cost $15.15 Unrealized +14.4%

WGS GENEDX HOLDINGS CORP 0.2%

Value $1.793M Shares 13,789 Est. Cost $137.25 Unrealized -26.3%

KTOS KRATOS DEFENSE & SEC SOLUTIO 0.2%

Value $1.659M Shares 21,854 Est. Cost $36.21 Unrealized +182.8%

HDB HDFC BANK LTD 0.2%

Value $1.569M Shares 42,930 Est. Cost $48.35 Unrealized —

WRBY WARBY PARKER INC 0.2%

Value $1.565M Shares 71,827 Est. Cost $21.76 Unrealized +15.8%

WMT WALMART INC 0.1%

Value $1.296M Shares 11,637 Est. Cost $107.20 Unrealized +13.8%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.1%

Value $1.148M Shares 3,779 Est. Cost $279.29 Unrealized —

WTTR SELECT WATER SOLUTIONS INC 0.1%

Value $1.028M Shares 97,720 Est. Cost $9.21 Unrealized —

PL PLANET LABS PBC 0.1%

Value $976K Shares 49,512 Est. Cost $3.83 Unrealized +533.3%

SBUX STARBUCKS CORP 0.1%

Value $974K Shares 11,564 Est. Cost $84.06 Unrealized +11.4%

PCT PURECYCLE TECHNOLOGIES INC 0.1%

Value $885K Shares 102,974 Est. Cost $10.62 Unrealized -6.7%

TMDX TRANSMEDICS GROUP INC 0.1%

Value $866K Shares 7,119 Est. Cost $125.49 Unrealized +7.9%

DNLI DENALI THERAPEUTICS INC 0.1%

Value $856K Shares 51,830 Est. Cost $16.88 Unrealized +16.3%

MMYT MAKEMYTRIP LIMITED MAURITIUS 0.1%

Value $852K Shares 10,374 Est. Cost $97.63 Unrealized -32.8%

KYMR KYMERA THERAPEUTICS INC 0.1%

Value $850K Shares 10,925 Est. Cost $67.53 Unrealized +14.9%

BFLY BUTTERFLY NETWORK INC 0.1%

Value $845K Shares 222,490 Est. Cost $2.72 Unrealized +40.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LVS	LAS VEGAS SANDS CORP	362,002	$23.56M	2.3%	$52.28	+11.7%	—	517834107
BABA	ALIBABA GROUP HLDG LTD	147,310	$21.59M	2.1%	$120.30	—	—	01609W102
BAH	BOOZ ALLEN HAMILTON HLDG COR	228,580	$19.28M	1.9%	$88.51	-1.7%	—	099502106
TXT	TEXTRON INC	193,430	$16.86M	1.6%	$83.66	+12.4%	—	883203101
UHS	UNIVERSAL HLTH SVCS INC	76,650	$16.71M	1.6%	$220.94	-3.0%	—	913903100
WYNN	WYNN RESORTS LTD	129,230	$15.55M	1.5%	$115.07	-0.8%	—	983134107
EHC	ENCOMPASS HEALTH CORP	95,501	$10.14M	1.0%	$59.39	+73.3%	—	29261A100
TXG	10X GENOMICS INC	610,374	$9.955M	1.0%	$15.11	+31.4%	—	88025U109
BA	BOEING CO	42,000	$9.119M	0.9%	$183.07	+30.3%	CALL	097023105
MLCO	MELCO RESORTS AND ENTMNT LTD	1,120,920	$8.485M	0.8%	$8.93	—	—	585464100
ACLX	ARCELLX INC	129,780	$8.462M	0.8%	$79.78	-10.6%	—	03940C100
TEL	TE CONNECTIVITY PLC	27,550	$6.268M	0.6%	$211.87	+8.5%	—	G87052109
BKNG	BOOKING HOLDINGS INC	924	$4.948M	0.5%	$2150.16	+122.4%	—	09857L108
TJX	TJX COS INC NEW	17,206	$2.643M	0.3%	$147.70	+4.4%	—	872540109
TSLA	TESLA INC	5,715	$2.57M	0.2%	$338.79	+25.7%	—	88160R101
FTI	TECHNIPFMC PLC	52,180	$2.325M	0.2%	$42.20	+33.5%	—	G87110105
GKOS	GLAUKOS CORP	20,368	$2.3M	0.2%	$95.54	+21.5%	—	377322102
RH	RH	12,648	$2.266M	0.2%	$200.83	+3.7%	—	74967X103
HP	HELMERICH & PAYNE INC	77,742	$2.23M	0.2%	$26.56	+25.3%	—	423452101
PAAS	PAN AMERN SILVER CORP	41,563	$2.153M	0.2%	$41.86	+39.5%	—	697900108
JAZZ	JAZZ PHARMACEUTICALS PLC	12,517	$2.128M	0.2%	$153.31	+10.3%	—	G50871105
NEM	NEWMONT CORP	20,532	$2.05M	0.2%	$69.39	+70.2%	—	651639106
KGC	KINROSS GOLD CORP	72,580	$2.044M	0.2%	$20.53	+64.6%	—	496902404
NU	NU HLDGS LTD	116,337	$1.947M	0.2%	$15.15	+14.4%	—	G6683N103
WGS	GENEDX HOLDINGS CORP	13,789	$1.793M	0.2%	$137.25	-26.3%	—	81663L200
KTOS	KRATOS DEFENSE & SEC SOLUTIO	21,854	$1.659M	0.2%	$36.21	+182.8%	—	50077B207
HDB	HDFC BANK LTD	42,930	$1.569M	0.2%	$48.35	—	—	40415F101
WRBY	WARBY PARKER INC	71,827	$1.565M	0.2%	$21.76	+15.8%	—	93403J106
WMT	WALMART INC	11,637	$1.296M	0.1%	$107.20	+13.8%	—	931142103
TSM	TAIWAN SEMICONDUCTOR MFG LTD	3,779	$1.148M	0.1%	$279.29	—	—	874039100
WTTR	SELECT WATER SOLUTIONS INC	97,720	$1.028M	0.1%	$9.21	—	—	81617J301
PL	PLANET LABS PBC	49,512	$976K	0.1%	$3.83	+533.3%	—	72703X106
SBUX	STARBUCKS CORP	11,564	$974K	0.1%	$84.06	+11.4%	—	855244109
PCT	PURECYCLE TECHNOLOGIES INC	102,974	$885K	0.1%	$10.62	-6.7%	—	74623V103
TMDX	TRANSMEDICS GROUP INC	7,119	$866K	0.1%	$125.49	+7.9%	—	89377M109
DNLI	DENALI THERAPEUTICS INC	51,830	$856K	0.1%	$16.88	+16.3%	—	24823R105
MMYT	MAKEMYTRIP LIMITED MAURITIUS	10,374	$852K	0.1%	$97.63	-32.8%	—	V5633W109
KYMR	KYMERA THERAPEUTICS INC	10,925	$850K	0.1%	$67.53	+14.9%	—	501575104
BFLY	BUTTERFLY NETWORK INC	222,490	$845K	0.1%	$2.72	+40.0%	—	124155102

Decreased Positions (27)

META META PLATFORMS INC 1.0%

Value $10.69M (-72.1%) Shares 18,677 (-67.8%) Est. Cost $597.81 Unrealized +9.7%

AVGO BROADCOM INC 1.2%

Value $12.59M (-64.0%) Shares 40,680 (-59.8%) Est. Cost $192.12 Unrealized +73.9%

AMZN AMAZON COM INC 3.9%

Value $40.08M (-29.6%) Shares 192,421 (-22.0%) Est. Cost $169.56 Unrealized +33.8%

HII HUNTINGTON INGALLS INDS INC 0.6%

Value $6.582M (-71.1%) Shares 17,325 (-74.1%) Est. Cost $207.92 Unrealized +97.4%

APH AMPHENOL CORP 0.5%

Value $4.878M (-73.7%) Shares 38,605 (-71.9%) Est. Cost $68.62 Unrealized +113.4%

BSX BOSTON SCIENTIFIC CORP 0.1%

Value $900K (-93.2%) Shares 14,350 (-89.6%) Est. Cost $98.04 Unrealized -12.5%

RKT ROCKET COS INC 2.1%

Value $21.9M (-34.2%) Shares 1,536,830 (-10.6%) Est. Cost $17.85 Unrealized +12.9%

SCHW SCHWAB CHARLES CORP 2.4%

Value $25.47M (-21.7%) Shares 270,966 (-16.8%) Est. Cost $90.06 Unrealized +11.2%

MU MICRON TECHNOLOGY INC 0.3%

Value $2.801M (-69.6%) Shares 8,290 (-74.4%) Est. Cost $114.72 Unrealized +237.4%

C CITIGROUP INC 0.3%

Value $3.157M (-63.2%) Shares 27,840 (-62.1%) Est. Cost $86.23 Unrealized +34.7%

RIG TRANSOCEAN LTD 2.3%

Value $23.94M (+26.6%) Shares 3,610,967 (-21.1%) Est. Cost $4.16 Unrealized +24.0%

MELI MERCADOLIBRE INC 0.6%

Value $6.301M (-35.4%) Shares 3,644 (-24.7%) Est. Cost $1704.14 Unrealized +21.3%

JPM JPMORGAN CHASE & CO 1.5%

Value $15.11M (-9.8%) Shares 51,360 (-1.2%) Est. Cost $117.97 Unrealized +164.0%

BKD BROOKDALE SR LIVING INC 0.4%

Value $4.244M (-26.1%) Shares 310,260 (-41.7%) Est. Cost $6.66 Unrealized +107.9%

UNH UNITEDHEALTH GROUP INC 0.4%

Value $4.071M (-23.4%) Shares 15,045 (-6.6%) Est. Cost $409.72 Unrealized -24.7%

SPOT SPOTIFY TECHNOLOGY S A 0.1%

Value $1.18M (-43.2%) Shares 2,434 (-32.0%) Est. Cost $569.04 Unrealized -12.6%

PWR QUANTA SVCS INC 0.1%

Value $1.087M (-42.9%) Shares 1,980 (-56.1%) Est. Cost $407.63 Unrealized +19.3%

NOC NORTHROP GRUMMAN CORP 0.8%

Value $8.071M (-7.6%) Shares 11,830 (-22.8%) Est. Cost $442.41 Unrealized +52.3%

TDY TELEDYNE TECHNOLOGIES INC 1.5%

Value $15.26M (+4.0%) Shares 25,225 (-12.2%) Est. Cost $547.47 Unrealized +12.1%

EG EVEREST GROUP LTD 0.9%

Value $8.99M (-4.9%) Shares 27,505 (-1.3%) Est. Cost $365.99 Unrealized -9.5%

FIHL FIDELIS INSURANCE HOLDINGS 1.1%

Value $11.42M (-3.9%) Shares 597,374 (-1.6%) Est. Cost $17.25 Unrealized +11.5%

SEI SOLARIS ENERGY INFRAS INC 0.2%

Value $1.835M (-18.4%) Shares 32,476 (-33.6%) Est. Cost $20.51 Unrealized +158.6%

SOC SABLE OFFSHORE CORP 0.2%

Value $1.973M (+26.6%) Shares 119,430 (-30.9%) Est. Cost $9.44 Unrealized +1.8%

DELL DELL TECHNOLOGIES INC 1.4%

Value $14.68M (-2.5%) Shares 89,417 (-25.2%) Est. Cost $124.24 Unrealized -4.2%

VALE VALE S A 0.2%

Value $2.277M (+5.9%) Shares 143,097 (-13.2%) Est. Cost $13.25 Unrealized —

NVT NVENT ELEC PLC 0.1%

Value $1.126M (+9.2%) Shares 9,523 (-5.9%) Est. Cost $103.61 Unrealized +8.4%

ASML ASML HLDG NV 0.2%

Value $2.082M (-0.4%) Shares 1,576 (-19.3%) Est. Cost $1069.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	18,677 (-67.8%)	$10.69M (-72.1%)	1.0%	$597.81	+9.7%	CL A	30303M102
AVGO	BROADCOM INC	40,680 (-59.8%)	$12.59M (-64.0%)	1.2%	$192.12	+73.9%	COM	11135F101
AMZN	AMAZON COM INC	192,421 (-22.0%)	$40.08M (-29.6%)	3.9%	$169.56	+33.8%	COM	023135106
HII	HUNTINGTON INGALLS INDS INC	17,325 (-74.1%)	$6.582M (-71.1%)	0.6%	$207.92	+97.4%	COM	446413106
APH	AMPHENOL CORP	38,605 (-71.9%)	$4.878M (-73.7%)	0.5%	$68.62	+113.4%	CL A	032095101
BSX	BOSTON SCIENTIFIC CORP	14,350 (-89.6%)	$900K (-93.2%)	0.1%	$98.04	-12.5%	COM	101137107
RKT	ROCKET COS INC	1,536,830 (-10.6%)	$21.9M (-34.2%)	2.1%	$17.85	+12.9%	COM CL A	77311W101
SCHW	SCHWAB CHARLES CORP	270,966 (-16.8%)	$25.47M (-21.7%)	2.4%	$90.06	+11.2%	COM	808513105
MU	MICRON TECHNOLOGY INC	8,290 (-74.4%)	$2.801M (-69.6%)	0.3%	$114.72	+237.4%	COM	595112103
C	CITIGROUP INC	27,840 (-62.1%)	$3.157M (-63.2%)	0.3%	$86.23	+34.7%	COM NEW	172967424
RIG	TRANSOCEAN LTD	3,610,967 (-21.1%)	$23.94M (+26.6%)	2.3%	$4.16	+24.0%	REGISTERED SHS	H8817H100
MELI	MERCADOLIBRE INC	3,644 (-24.7%)	$6.301M (-35.4%)	0.6%	$1704.14	+21.3%	COM	58733R102
JPM	JPMORGAN CHASE & CO	51,360 (-1.2%)	$15.11M (-9.8%)	1.5%	$117.97	+164.0%	COM	46625H100
BKD	BROOKDALE SR LIVING INC	310,260 (-41.7%)	$4.244M (-26.1%)	0.4%	$6.66	+107.9%	COM	112463104
UNH	UNITEDHEALTH GROUP INC	15,045 (-6.6%)	$4.071M (-23.4%)	0.4%	$409.72	-24.7%	COM	91324P102
SPOT	SPOTIFY TECHNOLOGY S A	2,434 (-32.0%)	$1.18M (-43.2%)	0.1%	$569.04	-12.6%	SHS	L8681T102
PWR	QUANTA SVCS INC	1,980 (-56.1%)	$1.087M (-42.9%)	0.1%	$407.63	+19.3%	COM	74762E102
NOC	NORTHROP GRUMMAN CORP	11,830 (-22.8%)	$8.071M (-7.6%)	0.8%	$442.41	+52.3%	COM	666807102
TDY	TELEDYNE TECHNOLOGIES INC	25,225 (-12.2%)	$15.26M (+4.0%)	1.5%	$547.47	+12.1%	COM	879360105
EG	EVEREST GROUP LTD	27,505 (-1.3%)	$8.99M (-4.9%)	0.9%	$365.99	-9.5%	COM	G3223R108
FIHL	FIDELIS INSURANCE HOLDINGS	597,374 (-1.6%)	$11.42M (-3.9%)	1.1%	$17.25	+11.5%	L COM	G3398L118
SEI	SOLARIS ENERGY INFRAS INC	32,476 (-33.6%)	$1.835M (-18.4%)	0.2%	$20.51	+158.6%	COM CL A	83418M103
SOC	SABLE OFFSHORE CORP	119,430 (-30.9%)	$1.973M (+26.6%)	0.2%	$9.44	+1.8%	COM SHS	78574H104
DELL	DELL TECHNOLOGIES INC	89,417 (-25.2%)	$14.68M (-2.5%)	1.4%	$124.24	-4.2%	CL C	24703L202
VALE	VALE S A	143,097 (-13.2%)	$2.277M (+5.9%)	0.2%	$13.25	—	SPONSORED ADS	91912E105
NVT	NVENT ELEC PLC	9,523 (-5.9%)	$1.126M (+9.2%)	0.1%	$103.61	+8.4%	SHS	G6700G107
ASML	ASML HLDG NV	1,576 (-19.3%)	$2.082M (-0.4%)	0.2%	$1069.86	—	N Y REGISTRY SHS	N07059210

Unchanged Positions (10)

RDDT REDDIT INC 0.2%

Value $2.216M Shares 16,455 Est. Cost $192.32 Unrealized -1.4%

CCL CARNIVAL CORP 0.4%

Value $4.123M Shares 159,300 Est. Cost $19.64 Unrealized +57.9%

GD GENERAL DYNAMICS CORP 1.7%

Value $18M Shares 52,440 Est. Cost $248.03 Unrealized +42.9%

XOM EXXON MOBIL CORP 0.1%

Value $1.24M Shares 7,310 Est. Cost $74.76 Unrealized +85.6%

SEM SELECT MED HLDGS CORP 0.3%

Value $2.818M Shares 173,010 Est. Cost $14.10 Unrealized +8.8%

BAC BANK AMERICA CORP 0.1%

Value $1.17M Shares 24,000 Est. Cost $31.71 Unrealized +69.2%

MS MORGAN STANLEY 0.2%

Value $1.634M Shares 9,928 Est. Cost $92.61 Unrealized +94.0%

JNJ JOHNSON & JOHNSON 0.1%

Value $759K Shares 3,107 Est. Cost $197.01 Unrealized +15.7%

GILD GILEAD SCIENCES INC 0.1%

Value $878K Shares 6,300 Est. Cost $70.79 Unrealized +95.5%

SPG SIMON PPTY GROUP INC NEW 0.1%

Value $895K Shares 4,800 Est. Cost $93.48 Unrealized +96.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RDDT	REDDIT INC	16,455	$2.216M	0.2%	$192.32	-1.4%	CL A	75734B100
CCL	CARNIVAL CORP	159,300	$4.123M	0.4%	$19.64	+57.9%	CALL	143658300
GD	GENERAL DYNAMICS CORP	52,440	$18M	1.7%	$248.03	+42.9%	COM	369550108
XOM	EXXON MOBIL CORP	7,310	$1.24M	0.1%	$74.76	+85.6%	COM	30231G102
SEM	SELECT MED HLDGS CORP	173,010	$2.818M	0.3%	$14.10	+8.8%	COM	81619Q105
BAC	BANK AMERICA CORP	24,000	$1.17M	0.1%	$31.71	+69.2%	COM	060505104
MS	MORGAN STANLEY	9,928	$1.634M	0.2%	$92.61	+94.0%	COM NEW	617446448
JNJ	JOHNSON & JOHNSON	3,107	$759K	0.1%	$197.01	+15.7%	COM	478160104
GILD	GILEAD SCIENCES INC	6,300	$878K	0.1%	$70.79	+95.5%	COM	375558103
SPG	SIMON PPTY GROUP INC NEW	4,800	$895K	0.1%	$93.48	+96.8%	COM	828806109