Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BE	BLOOM ENERGY CORP	50,000	$15.13M	2.4%	$302.70	—	COM CL A	093712107
—	NVIDIA CORPORATION	425,000	$3.894M	0.6%	—	—	CALL	67066G904
—	ISHARES TR	3,200,000	$2.272M	0.4%	—	—	PUT	464287905
NUAI	NEW ERA ENERGY & DIGITAL INC	100,000	$638K	0.1%	$6.38	—	COM	64428N109
—	GEO GROUP INC NEW	300,000	$375K	0.1%	—	—	CALL	36162J906

Increased Positions (4)

GOOG ALPHABET INC 4.3%

Value $26.5M (+54.0%) Shares 75,000 (+25.0%) Est. Cost $304.71 Unrealized —

SI SHOULDER INNOVATIONS INC 1.0%

Value $6.084M (+1096.3%) Shares 300,000 (+757.1%) Est. Cost $19.52 Unrealized —

CARL CARLSMED INC 0.7%

Value $4.567M (+152.3%) Shares 440,000 (+120.0%) Est. Cost $11.34 Unrealized —

META META PLATFORMS INC 3.6%

Value $22.53M (+1.0%) Shares 40,000 (+2.6%) Est. Cost $664.72 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	75,000 (+25.0%)	$26.5M (+54.0%)	4.3%	$304.71	—	CAP STK CL C	02079K107
SI	SHOULDER INNOVATIONS INC	300,000 (+757.1%)	$6.084M (+1096.3%)	1.0%	$19.52	—	COMMON STOCK	82537J108
CARL	CARLSMED INC	440,000 (+120.0%)	$4.567M (+152.3%)	0.7%	$11.34	—	COM	14280C105
META	META PLATFORMS INC	40,000 (+2.6%)	$22.53M (+1.0%)	3.6%	$664.72	—	CL A	30303M102

Exited Positions (6)

— SANDISK CORP 9.9%

Value $61.16M Shares 410,000 Est. Cost — Unrealized —

— MICRON TECHNOLOGY INC 3.1%

Value $19.04M Shares 560,000 Est. Cost — Unrealized —

CXW CORECIVIC INC 1.7%

Value $10.4M Shares 550,000 Est. Cost $18.83 Unrealized —

— SELECT SECTOR SPDR TR 1.0%

Value $5.885M Shares 1,100,000 Est. Cost — Unrealized —

IRTC IRHYTHM TECHNOLOGIES INC 0.6%

Value $3.541M Shares 30,000 Est. Cost $177.21 Unrealized —

— CARNIVAL PLC 0.1%

Value $650K Shares 1,000,000 Est. Cost $0.65 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SANDISK CORP	410,000	$61.16M	9.9%	—	—	CALL	80004C900
—	MICRON TECHNOLOGY INC	560,000	$19.04M	3.1%	—	—	CALL	595112903
CXW	CORECIVIC INC	550,000	$10.4M	1.7%	$18.83	—	—	21871N101
—	SELECT SECTOR SPDR TR	1,100,000	$5.885M	1.0%	—	—	CALL	81369Y906
IRTC	IRHYTHM TECHNOLOGIES INC	30,000	$3.541M	0.6%	$177.21	—	—	450056106
—	CARNIVAL PLC	1,000,000	$650K	0.1%	$0.65	—	—	14365C903

Decreased Positions (4)

MU MICRON TECHNOLOGY INC 11.2%

Value $69.26M (+36.7%) Shares 60,000 (-60.0%) Est. Cost $292.43 Unrealized —

GEO GEO GROUP INC NEW 7.2%

Value $44.33M (+32.2%) Shares 1,500,000 (-24.8%) Est. Cost $16.50 Unrealized —

CBLL CERIBELL INC 3.5%

Value $21.88M (-14.7%) Shares 1,125,000 (-19.6%) Est. Cost $17.11 Unrealized —

SNDK SANDISK CORP 12.9%

Value $79.58M (-3.6%) Shares 35,000 (-73.1%) Est. Cost $200.29 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	60,000 (-60.0%)	$69.26M (+36.7%)	11.2%	$292.43	—	COM	595112103
GEO	GEO GROUP INC NEW	1,500,000 (-24.8%)	$44.33M (+32.2%)	7.2%	$16.50	—	COM	36162J106
CBLL	CERIBELL INC	1,125,000 (-19.6%)	$21.88M (-14.7%)	3.5%	$17.11	—	COM	15678C102
SNDK	SANDISK CORP	35,000 (-73.1%)	$79.58M (-3.6%)	12.9%	$200.29	—	COM	80004C200

Unchanged Positions (20)

LLY ELI LILLY & CO 7.8%

Value $47.98M Shares 40,000 Est. Cost $955.55 Unrealized —

NVDA NVIDIA CORPORATION 9.7%

Value $60.03M Shares 300,000 Est. Cost $186.13 Unrealized —

APP APPLOVIN CORP 3.3%

Value $20.61M Shares 40,000 Est. Cost $630.10 Unrealized —

AMZN AMAZON COM INC 6.0%

Value $36.94M Shares 155,000 Est. Cost $228.79 Unrealized —

CUK CARNIVAL PLC 5.1%

Value $31.43M Shares 1,100,000 Est. Cost $30.54 Unrealized —

DKNG DRAFTKINGS INC NEW 2.0%

Value $12.63M Shares 500,000 Est. Cost $32.89 Unrealized —

UNP UNION PAC CORP 1.9%

Value $11.95M Shares 43,923 Est. Cost $227.32 Unrealized —

ABBV ABBVIE INC 1.4%

Value $8.807M Shares 35,000 Est. Cost $227.54 Unrealized —

COST COSTCO WHSL CORP NEW 2.8%

Value $17.29M Shares 18,478 Est. Cost $905.73 Unrealized —

IWM ISHARES TR 1.0%

Value $6.039M Shares 20,100 Est. Cost $247.06 Unrealized —

MCD MCDONALDS CORP 1.0%

Value $6.036M Shares 22,329 Est. Cost $305.09 Unrealized —

ABT ABBOTT LABS 0.6%

Value $3.46M Shares 38,127 Est. Cost $127.30 Unrealized —

MRK MERCK & CO INC 0.7%

Value $4.24M Shares 33,000 Est. Cost $114.28 Unrealized —

BMY BRISTOL-MYERS SQUIBB CO 0.6%

Value $3.791M Shares 65,800 Est. Cost $57.43 Unrealized —

AEP AMERICAN ELEC PWR CO INC 0.7%

Value $4.214M Shares 30,800 Est. Cost $120.54 Unrealized —

ET ENERGY TRANSFER L P 2.6%

Value $16.06M Shares 840,000 Est. Cost $17.29 Unrealized —

DUK DUKE ENERGY CORP NEW 0.6%

Value $3.924M Shares 31,000 Est. Cost $120.88 Unrealized —

MSFT MICROSOFT CORP 2.8%

Value $17.53M Shares 47,000 Est. Cost $500.58 Unrealized —

XLU SELECT SECTOR SPDR TR 1.1%

Value $6.801M Shares 150,000 Est. Cost $42.69 Unrealized —

CTVA CORTEVA INC 0.2%

Value $1.097M Shares 12,950 Est. Cost $64.54 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	40,000	$47.98M	7.8%	$955.55	—	COM	532457108
NVDA	NVIDIA CORPORATION	300,000	$60.03M	9.7%	$186.13	—	COM	67066G104
APP	APPLOVIN CORP	40,000	$20.61M	3.3%	$630.10	—	COM CL A	03831W108
AMZN	AMAZON COM INC	155,000	$36.94M	6.0%	$228.79	—	COM	023135106
CUK	CARNIVAL PLC	1,100,000	$31.43M	5.1%	$30.54	—	ADS	14365C103
DKNG	DRAFTKINGS INC NEW	500,000	$12.63M	2.0%	$32.89	—	COM CL A	26142V105
UNP	UNION PAC CORP	43,923	$11.95M	1.9%	$227.32	—	COM	907818108
ABBV	ABBVIE INC	35,000	$8.807M	1.4%	$227.54	—	COM	00287Y109
COST	COSTCO WHSL CORP NEW	18,478	$17.29M	2.8%	$905.73	—	COM	22160K105
IWM	ISHARES TR	20,100	$6.039M	1.0%	$247.06	—	RUSSELL 2000 ETF	464287655
MCD	MCDONALDS CORP	22,329	$6.036M	1.0%	$305.09	—	COM	580135101
ABT	ABBOTT LABS	38,127	$3.46M	0.6%	$127.30	—	COM	002824100
MRK	MERCK & CO INC	33,000	$4.24M	0.7%	$114.28	—	COM	58933Y105
BMY	BRISTOL-MYERS SQUIBB CO	65,800	$3.791M	0.6%	$57.43	—	COM	110122108
AEP	AMERICAN ELEC PWR CO INC	30,800	$4.214M	0.7%	$120.54	—	COM	025537101
ET	ENERGY TRANSFER L P	840,000	$16.06M	2.6%	$17.29	—	COM UT LTD PTN	29273V100
DUK	DUKE ENERGY CORP NEW	31,000	$3.924M	0.6%	$120.88	—	COM NEW	26441C204
MSFT	MICROSOFT CORP	47,000	$17.53M	2.8%	$500.58	—	COM	594918104
XLU	SELECT SECTOR SPDR TR	150,000	$6.801M	1.1%	$42.69	—	STATE STREET UTI	81369Y886
CTVA	CORTEVA INC	12,950	$1.097M	0.2%	$64.54	—	COM	22052L104