Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TLT	ISHARES TR	627,200	$54.2M	36.9%	—	—	CALL	464287432
SMH	VANECK ETF TRUST	61,000	$40.01M	27.2%	—	—	PUT	92189F676
EWY	ISHARES INC	40,900	$8.258M	5.6%	—	—	PUT	464286772
AVGO	BROADCOM INC	21,400	$8.084M	5.5%	$363.72	—	CALL	11135F101
SMH	VANECK ETF TRUST	3,000	$1.968M	1.3%	—	—	CALL	92189F676
DELL	DELL TECHNOLOGIES INC	1,541	$665K	0.5%	$431.46	—	CL C	24703L202
HPE	HEWLETT PACKARD ENTERPRISE C	11,927	$538K	0.4%	$45.11	—	COM	42824C109
GLW	CORNING INC	1,943	$496K	0.3%	$255.43	—	COM	219350105
MSFT	MICROSOFT CORP	1,164	$434K	0.3%	$373.02	—	COM	594918104
FLEX	FLEX LTD	2,654	$430K	0.3%	$162.07	—	ORD	Y2573F102
ANET	ARISTA NETWORKS INC	2,446	$416K	0.3%	$169.88	—	COM SHS	040413205
CRWD	CROWDSTRIKE HLDGS INC	501	$382K	0.3%	$763.14	—	CL A	22788C105
SANM	SANMINA CORP	1,490	$377K	0.3%	$253.08	—	COM	801056102
INTC	INTEL CORP	2,647	$370K	0.3%	$139.63	—	COM	458140100
PANW	PALO ALTO NETWORKS INC	1,052	$359K	0.2%	$341.02	—	COM	697435105
PWR	QUANTA SVCS INC	434	$312K	0.2%	$720.04	—	COM	74762E102
GFS	GLOBALFOUNDRIES INC	3,711	$306K	0.2%	$82.41	—	ORDINARY SHARES	G39387108
CRWV	COREWEAVE INC	3,027	$301K	0.2%	$99.54	—	COM CL A	21873S108
ETN	EATON CORP PLC	703	$300K	0.2%	$426.12	—	SHS	G29183103
AMZN	AMAZON COM INC	1,214	$289K	0.2%	$238.34	—	COM	023135106
TT	TRANE TECHNOLOGIES PLC	589	$289K	0.2%	$491.16	—	SHS	G8994E103
JCI	JOHNSON CONTROLS INTERNATION	1,856	$271K	0.2%	$146.11	—	SHS	G51502105
KEYS	KEYSIGHT TECHNOLOGIES INC	740	$259K	0.2%	$350.07	—	COM	49338L103
DOCN	DIGITALOCEAN HLDGS INC	1,620	$254K	0.2%	$157.03	—	COM	25402D102
MKSI	MKS INC.	539	$240K	0.2%	$444.80	—	COM	55306N104
VST	VISTRA CORP	1,507	$239K	0.2%	$158.63	—	COM	92840M102
TER	TERADYNE INC	471	$228K	0.2%	$483.84	—	COM	880770102
STM	STMICROELECTRONICS N V	2,994	$224K	0.2%	$74.89	—	NY REGISTRY	861012102
MTZ	MASTEC INC	533	$222K	0.2%	$416.06	—	COM	576323109
UCTT	ULTRA CLEAN HLDGS INC	1,474	$210K	0.1%	$142.59	—	COM	90385V107
AEIS	ADVANCED ENERGY INDS	557	$208K	0.1%	$372.87	—	COM	007973100
SITM	SITIME CORP	278	$207K	0.1%	$745.56	—	COM	82982T106
EME	EMCOR GROUP INC	245	$203K	0.1%	$829.88	—	COM	29084Q100
FN	FABRINET	360	$202K	0.1%	$562.08	—	SHS	G3323L100
FORM	FORMFACTOR INC	1,256	$201K	0.1%	$159.93	—	COM	346375108
NOK	NOKIA CORP	10,738	$143K	0.1%	$13.28	—	SPONSORED ADR	654902204
DNN	DENISON MINES CORP	13,319	$40,756	0.0%	$3.06	—	COM	248356107

Increased Positions (20)

GOOGL ALPHABET INC 0.9%

Value $1.358M (+508.7%) Shares 3,801 (+389.8%) Est. Cost $342.72 Unrealized —

MRVL MARVELL TECHNOLOGY INC 0.6%

Value $902K (+252.2%) Shares 3,028 (+17.1%) Est. Cost $118.18 Unrealized —

CRDO CREDO TECHNOLOGY GROUP HOLDI 0.6%

Value $819K (+228.2%) Shares 3,012 (+13.3%) Est. Cost $167.63 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.6%

Value $827K (+219.7%) Shares 1,424 (+11.9%) Est. Cost $262.63 Unrealized —

ARM ARM HOLDINGS PLC 0.5%

Value $683K (+210.6%) Shares 1,927 (+32.5%) Est. Cost $201.18 Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 0.4%

Value $595K (+170.9%) Shares 617 (+10.0%) Est. Cost $429.87 Unrealized —

KLAC KLA CORP 0.4%

Value $625K (+101.0%) Shares 2,070 (+881.0%) Est. Cost $390.41 Unrealized —

CSCO CISCO SYS INC 0.3%

Value $476K (+100.5%) Shares 4,055 (+32.5%) Est. Cost $84.50 Unrealized —

LITE LUMENTUM HLDGS INC 0.6%

Value $878K (+34.3%) Shares 1,023 (+10.0%) Est. Cost $311.48 Unrealized —

AVGO BROADCOM INC 0.3%

Value $495K (+80.5%) Shares 1,310 (+47.9%) Est. Cost $363.72 Unrealized —

VIAV VIAVI SOLUTIONS INC 0.3%

Value $468K (+84.0%) Shares 9,806 (+28.2%) Est. Cost $23.11 Unrealized —

APH AMPHENOL CORP 0.3%

Value $464K (+84.1%) Shares 2,633 (+31.9%) Est. Cost $143.89 Unrealized —

NVT NVENT ELEC PLC 0.3%

Value $409K (+89.0%) Shares 2,409 (+31.8%) Est. Cost $126.14 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.3%

Value $453K (+52.9%) Shares 949 (+8.2%) Est. Cost $317.07 Unrealized —

JBL JABIL INC 0.3%

Value $426K (+49.0%) Shares 1,105 (+2.7%) Est. Cost $217.81 Unrealized —

EQIX EQUINIX INC 0.2%

Value $327K (+39.1%) Shares 314 (+30.8%) Est. Cost $829.69 Unrealized —

GEV GE VERNOVA INC 0.2%

Value $305K (+39.4%) Shares 260 (+3.6%) Est. Cost $628.63 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.3%

Value $409K (+23.4%) Shares 3,506 (+54.7%) Est. Cost $158.27 Unrealized —

DLR DIGITAL RLTY TR INC 0.2%

Value $268K (+26.4%) Shares 1,494 (+26.8%) Est. Cost $160.22 Unrealized —

ORCL ORACLE CORP 0.2%

Value $242K (+17.3%) Shares 1,649 (+17.7%) Est. Cost $215.91 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	3,801 (+389.8%)	$1.358M (+508.7%)	0.9%	$342.72	—	CAP STK CL A	02079K305
MRVL	MARVELL TECHNOLOGY INC	3,028 (+17.1%)	$902K (+252.2%)	0.6%	$118.18	—	COM	573874104
CRDO	CREDO TECHNOLOGY GROUP HOLDI	3,012 (+13.3%)	$819K (+228.2%)	0.6%	$167.63	—	ORDINARY SHARES	G25457105
AMD	ADVANCED MICRO DEVICES INC	1,424 (+11.9%)	$827K (+219.7%)	0.6%	$262.63	—	COM	007903107
ARM	ARM HOLDINGS PLC	1,927 (+32.5%)	$683K (+210.6%)	0.5%	$201.18	—	SPONSORED ADS	042068205
STX	SEAGATE TECHNOLOGY HLDNGS PL	617 (+10.0%)	$595K (+170.9%)	0.4%	$429.87	—	ORD SHS	G7997R103
KLAC	KLA CORP	2,070 (+881.0%)	$625K (+101.0%)	0.4%	$390.41	—	COM NEW	482480100
CSCO	CISCO SYS INC	4,055 (+32.5%)	$476K (+100.5%)	0.3%	$84.50	—	COM	17275R102
LITE	LUMENTUM HLDGS INC	1,023 (+10.0%)	$878K (+34.3%)	0.6%	$311.48	—	COM	55024U109
AVGO	BROADCOM INC	1,310 (+47.9%)	$495K (+80.5%)	0.3%	$363.72	—	COM	11135F101
VIAV	VIAVI SOLUTIONS INC	9,806 (+28.2%)	$468K (+84.0%)	0.3%	$23.11	—	COM	925550105
APH	AMPHENOL CORP	2,633 (+31.9%)	$464K (+84.1%)	0.3%	$143.89	—	CL A	032095101
NVT	NVENT ELEC PLC	2,409 (+31.8%)	$409K (+89.0%)	0.3%	$126.14	—	SHS	G6700G107
TSM	TAIWAN SEMICONDUCTOR MANUFAC	949 (+8.2%)	$453K (+52.9%)	0.3%	$317.07	—	SPONSORED ADS	874039100
JBL	JABIL INC	1,105 (+2.7%)	$426K (+49.0%)	0.3%	$217.81	—	COM	466313103
EQIX	EQUINIX INC	314 (+30.8%)	$327K (+39.1%)	0.2%	$829.69	—	COM	29444U700
GEV	GE VERNOVA INC	260 (+3.6%)	$305K (+39.4%)	0.2%	$628.63	—	COM	36828A101
PLTR	PALANTIR TECHNOLOGIES INC	3,506 (+54.7%)	$409K (+23.4%)	0.3%	$158.27	—	CL A	69608A108
DLR	DIGITAL RLTY TR INC	1,494 (+26.8%)	$268K (+26.4%)	0.2%	$160.22	—	COM	253868103
ORCL	ORACLE CORP	1,649 (+17.7%)	$242K (+17.3%)	0.2%	$215.91	—	COM	68389X105

Exited Positions (2)

EEM ISHARES TR 16.0%

Value $23.45M Shares 412,900 Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 7.9%

Value $11.6M Shares 20,100 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EEM	ISHARES TR	412,900	$23.45M	16.0%	—	—	CALL	464287234
QQQ	INVESCO QQQ TR	20,100	$11.6M	7.9%	—	—	PUT	46090E103

Decreased Positions (12)

EWZ ISHARES INC 2.4%

Value $3.554M (-75.6%) Shares 103,000 (-72.8%) Est. Cost — Unrealized —

EWY ISHARES INC 0.9%

Value $1.312M (-71.9%) Shares 6,500 (-82.9%) Est. Cost — Unrealized —

SNDK SANDISK CORP 1.3%

Value $1.919M (+154.7%) Shares 844 (-28.8%) Est. Cost $246.68 Unrealized —

MU MICRON TECHNOLOGY INC 1.1%

Value $1.655M (+215.7%) Shares 1,434 (-7.6%) Est. Cost $229.35 Unrealized —

WDC WESTERN DIGITAL CORP 0.8%

Value $1.134M (+97.9%) Shares 1,775 (-16.2%) Est. Cost $151.55 Unrealized —

NVDA NVIDIA CORPORATION 0.5%

Value $665K (-32.2%) Shares 3,323 (-40.9%) Est. Cost $186.14 Unrealized —

LRCX LAM RESEARCH CORP 0.5%

Value $685K (+70.6%) Shares 1,580 (-15.9%) Est. Cost $155.36 Unrealized —

AMAT APPLIED MATLS INC 0.4%

Value $607K (+59.2%) Shares 839 (-24.8%) Est. Cost $239.49 Unrealized —

COHR COHERENT CORP 0.4%

Value $548K (+25.5%) Shares 1,390 (-24.2%) Est. Cost $149.58 Unrealized —

VRT VERTIV HOLDINGS CO 0.4%

Value $607K (-13.6%) Shares 1,814 (-35.3%) Est. Cost $177.11 Unrealized —

FIX COMFORT SYS USA INC 0.2%

Value $331K (+39.5%) Shares 167 (-2.9%) Est. Cost $1196.06 Unrealized —

ASML ASML HLDG NV 0.2%

Value $265K (-14.4%) Shares 133 (-43.2%) Est. Cost $1069.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EWZ	ISHARES INC	103,000 (-72.8%)	$3.554M (-75.6%)	2.4%	—	—	CALL	464286400
EWY	ISHARES INC	6,500 (-82.9%)	$1.312M (-71.9%)	0.9%	—	—	CALL	464286772
SNDK	SANDISK CORP	844 (-28.8%)	$1.919M (+154.7%)	1.3%	$246.68	—	COM	80004C200
MU	MICRON TECHNOLOGY INC	1,434 (-7.6%)	$1.655M (+215.7%)	1.1%	$229.35	—	COM	595112103
WDC	WESTERN DIGITAL CORP	1,775 (-16.2%)	$1.134M (+97.9%)	0.8%	$151.55	—	COM	958102105
NVDA	NVIDIA CORPORATION	3,323 (-40.9%)	$665K (-32.2%)	0.5%	$186.14	—	COM	67066G104
LRCX	LAM RESEARCH CORP	1,580 (-15.9%)	$685K (+70.6%)	0.5%	$155.36	—	COM NEW	512807306
AMAT	APPLIED MATLS INC	839 (-24.8%)	$607K (+59.2%)	0.4%	$239.49	—	COM	038222105
COHR	COHERENT CORP	1,390 (-24.2%)	$548K (+25.5%)	0.4%	$149.58	—	COM	19247G107
VRT	VERTIV HOLDINGS CO	1,814 (-35.3%)	$607K (-13.6%)	0.4%	$177.11	—	COM CL A	92537N108
FIX	COMFORT SYS USA INC	167 (-2.9%)	$331K (+39.5%)	0.2%	$1196.06	—	COM	199908104
ASML	ASML HLDG NV	133 (-43.2%)	$265K (-14.4%)	0.2%	$1069.86	—	N Y REGISTRY SHS	N07059210