Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VRSN	VERISIGN INC	72,839	$18.32M	5.7%	—	—	COM	92343E102
APP	APPLOVIN CORP	21,935	$11.3M	3.5%	—	—	COM CL A	03831W108
VECO	VEECO INSTRS INC DEL	101,224	$7.673M	2.4%	—	—	COM	922417100
MKSI	MKS INC.	10,300	$4.581M	1.4%	—	—	COM	55306N104
CROX	CROCS INC	37,635	$4.54M	1.4%	—	—	COM	227046109
STM	STMICROELECTRONICS N V	44,965	$3.367M	1.1%	—	—	NY REGISTRY	861012102
CIB	GRUPO CIBEST SA	21,458	$1.704M	0.5%	—	—	SPON ADS	40090E106
EC	ECOPETROL S A	100,000	$1.424M	0.4%	—	—	SPONSORED ADS	279158109
TWLO	TWILIO INC	5,229	$1.079M	0.3%	—	—	CL A	90138F102
TGT	TARGET CORP	6,666	$871K	0.3%	—	—	COM	87612E106
AMD	ADVANCED MICRO DEVICES INC	841	$489K	0.2%	—	—	COM	007903107
MRVL	MARVELL TECHNOLOGY INC	1,342	$400K	0.1%	—	—	COM	573874104
KLAC	KLA CORP	1,120	$338K	0.1%	—	—	COM NEW	482480100
UNH	UNITEDHEALTH GROUP INC	687	$286K	0.1%	—	—	COM	91324P102
EWY	ISHARES INC	1,000	$202K	0.1%	—	—	MSCI STH KOR ETF	464286772
TXN	TEXAS INSTRS INC	672	$200K	0.1%	—	—	COM	882508104
SVCO	SILVACO GROUP INC	13,389	$185K	0.1%	—	—	COM	82728C102
SBS	COMPANHIA DE SANEAMENTO BASI	14,010	$80,978	0.0%	—	—	SPONSORED ADR	20441A102

Increased Positions (3)

U UNITY SOFTWARE INC 1.7%

Value $5.333M (+396.3%) Shares 186,597 (+281.0%) Est. Cost — Unrealized —

LXU LSB INDS INC 1.4%

Value $4.583M (+100.6%) Shares 423,929 (+176.5%) Est. Cost — Unrealized —

SFD SMITHFIELD FOODS INC 2.6%

Value $8.221M (+6.9%) Shares 338,889 (+23.3%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
U	UNITY SOFTWARE INC	186,597 (+281.0%)	$5.333M (+396.3%)	1.7%	—	—	COM	91332U101
LXU	LSB INDS INC	423,929 (+176.5%)	$4.583M (+100.6%)	1.4%	—	—	COM	502160104
SFD	SMITHFIELD FOODS INC	338,889 (+23.3%)	$8.221M (+6.9%)	2.6%	—	—	COM	832248207

Exited Positions (9)

BSY BENTLEY SYS INC 8.7%

Value $27.86M Shares 793,374 Est. Cost — Unrealized —

EQT EQT CORP 3.5%

Value $11.24M Shares 176,549 Est. Cost — Unrealized —

CF CF INDUSTRIES HOLD 1.7%

Value $5.41M Shares 41,667 Est. Cost — Unrealized —

FSLY FASTLY INC 1.4%

Value $4.396M Shares 151,265 Est. Cost — Unrealized —

ECH ISHARES INC 1.4%

Value $4.378M Shares 110,121 Est. Cost — Unrealized —

GBTC GRAYSCALE BITCOIN TRUST ETF 0.9%

Value $2.96M Shares 56,100 Est. Cost — Unrealized —

BTC GRAYSCALE BITCOIN MINI TR ET 0.1%

Value $396K Shares 13,221 Est. Cost — Unrealized —

ISRG INTUITIVE SURGICAL INC 0.1%

Value $213K Shares 462 Est. Cost — Unrealized —

MUFG MITSUBISHI UFJ FINANCIAL GRO 0.1%

Value $191K Shares 11,273 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BSY	BENTLEY SYS INC	793,374	$27.86M	8.7%	—	—	—	08265T208
EQT	EQT CORP	176,549	$11.24M	3.5%	—	—	—	26884L109
CF	CF INDUSTRIES HOLD	41,667	$5.41M	1.7%	—	—	—	125269100
FSLY	FASTLY INC	151,265	$4.396M	1.4%	—	—	—	31188V100
ECH	ISHARES INC	110,121	$4.378M	1.4%	—	—	—	464286640
GBTC	GRAYSCALE BITCOIN TRUST ETF	56,100	$2.96M	0.9%	—	—	—	389637109
BTC	GRAYSCALE BITCOIN MINI TR ET	13,221	$396K	0.1%	—	—	—	389930207
ISRG	INTUITIVE SURGICAL INC	462	$213K	0.1%	—	—	—	46120E602
MUFG	MITSUBISHI UFJ FINANCIAL GRO	11,273	$191K	0.1%	—	—	—	606822104

Decreased Positions (5)

HUYA HUYA INC 1.2%

Value $3.798M (-49.5%) Shares 1,651,233 (-27.5%) Est. Cost — Unrealized —

NU NU HLDGS LTD 2.3%

Value $7.279M (-24.9%) Shares 544,860 (-19.2%) Est. Cost — Unrealized —

PDD PDD HOLDINGS INC 1.2%

Value $3.679M (-28.8%) Shares 48,226 (-4.6%) Est. Cost — Unrealized —

PAM PAMPA ENERGIA SA 1.4%

Value $4.405M (-22.8%) Shares 53,631 (-16.8%) Est. Cost — Unrealized —

VRT VERTIV HOLDINGS CO 1.9%

Value $6.07M (+25.3%) Shares 18,128 (-6.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HUYA	HUYA INC	1,651,233 (-27.5%)	$3.798M (-49.5%)	1.2%	—	—	ADS REP SHS A	44852D108
NU	NU HLDGS LTD	544,860 (-19.2%)	$7.279M (-24.9%)	2.3%	—	—	ORD SHS CL A	G6683N103
PDD	PDD HOLDINGS INC	48,226 (-4.6%)	$3.679M (-28.8%)	1.2%	—	—	SPONSORED ADS	722304102
PAM	PAMPA ENERGIA SA	53,631 (-16.8%)	$4.405M (-22.8%)	1.4%	—	—	SPONS ADR LVL I	697660207
VRT	VERTIV HOLDINGS CO	18,128 (-6.2%)	$6.07M (+25.3%)	1.9%	—	—	COM CL A	92537N108

Unchanged Positions (48)

INTC INTEL CORP 9.9%

Value $31.57M Shares 226,071 Est. Cost — Unrealized —

CLS CELESTICA INC 8.1%

Value $25.82M Shares 70,785 Est. Cost — Unrealized —

TER TERADYNE INC 4.1%

Value $13.21M Shares 27,300 Est. Cost — Unrealized —

TLN TALEN ENERGY CORP 6.7%

Value $21.44M Shares 55,800 Est. Cost — Unrealized —

LAR LITHIUM ARGENTINA AG 4.8%

Value $15.37M Shares 1,858,689 Est. Cost — Unrealized —

VTI VANGUARD INDEX FDS 5.1%

Value $16.21M Shares 43,798 Est. Cost — Unrealized —

VT VANGUARD INTL EQUITY INDEX F 3.7%

Value $11.86M Shares 75,547 Est. Cost — Unrealized —

SQM SOCIEDAD QUIMICA Y MINERA DE 4.4%

Value $14.05M Shares 189,808 Est. Cost — Unrealized —

VEA VANGUARD TAX-MANAGED FDS 3.3%

Value $10.62M Shares 149,017 Est. Cost — Unrealized —

AAPL APPLE INC 2.1%

Value $6.733M Shares 23,268 Est. Cost — Unrealized —

GOOGL ALPHABET INC 0.9%

Value $2.759M Shares 7,720 Est. Cost — Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.6%

Value $1.826M Shares 3,823 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 1.1%

Value $3.57M Shares 17,840 Est. Cost — Unrealized —

AMAT APPLIED MATLS INC 0.3%

Value $813K Shares 1,125 Est. Cost — Unrealized —

IEFA ISHARES TR 1.9%

Value $6.029M Shares 62,425 Est. Cost — Unrealized —

IEMG ISHARES INC 0.7%

Value $2.155M Shares 26,019 Est. Cost — Unrealized —

LRCX LAM RESEARCH CORP 0.2%

Value $667K Shares 1,540 Est. Cost — Unrealized —

FCNCA FIRST CTZNS BANCSHARES INC D 0.9%

Value $2.984M Shares 1,434 Est. Cost — Unrealized —

VSCO VICTORIAS SECRET AND CO 0.2%

Value $627K Shares 7,510 Est. Cost — Unrealized —

ASHR DBX ETF TR 0.5%

Value $1.617M Shares 44,106 Est. Cost — Unrealized —

IGM ISHARES TR 0.2%

Value $619K Shares 3,786 Est. Cost — Unrealized —

AMZN AMAZON COM INC 0.4%

Value $1.268M Shares 5,320 Est. Cost — Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.5%

Value $1.62M Shares 27,148 Est. Cost — Unrealized —

APH AMPHENOL CORP 0.1%

Value $470K Shares 2,668 Est. Cost — Unrealized —

AVGO BROADCOM INC 0.2%

Value $725K Shares 1,920 Est. Cost — Unrealized —

LLY ELI LILLY & CO 0.2%

Value $485K Shares 404 Est. Cost — Unrealized —

EFV ISHARES TR 0.7%

Value $2.373M Shares 31,000 Est. Cost — Unrealized —

CWB SPDR SERIES TRUST 0.1%

Value $439K Shares 4,068 Est. Cost — Unrealized —

AU ANGLOGOLD ASHANTI PLC 0.1%

Value $323K Shares 3,993 Est. Cost — Unrealized —

ITOT ISHARES TR 0.1%

Value $472K Shares 2,876 Est. Cost — Unrealized —

V VISA INC 0.2%

Value $513K Shares 1,496 Est. Cost — Unrealized —

BAC BANK OF AMER CORP 0.1%

Value $314K Shares 5,502 Est. Cost — Unrealized —

VDC VANGUARD WORLD FD 3.4%

Value $10.73M Shares 47,593 Est. Cost — Unrealized —

WMT WALMART INC 0.1%

Value $312K Shares 2,754 Est. Cost — Unrealized —

AVDV AMERICAN CENTY ETF TR 0.3%

Value $824K Shares 8,000 Est. Cost — Unrealized —

HD HOME DEPOT INC 0.1%

Value $291K Shares 825 Est. Cost — Unrealized —

JNJ JOHNSON & JOHNSON 0.1%

Value $435K Shares 1,713 Est. Cost — Unrealized —

MRK MERCK & CO INC 0.1%

Value $241K Shares 1,873 Est. Cost — Unrealized —

MSFT MICROSOFT CORP 0.6%

Value $1.912M Shares 5,126 Est. Cost — Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.1%

Value $223K Shares 238 Est. Cost — Unrealized —

META META PLATFORMS INC 0.2%

Value $778K Shares 1,382 Est. Cost — Unrealized —

TIP ISHARES TR 0.3%

Value $932K Shares 8,515 Est. Cost — Unrealized —

MA MASTERCARD INCORPORATED 0.1%

Value $233K Shares 454 Est. Cost — Unrealized —

BND VANGUARD BD INDEX FDS 0.5%

Value $1.584M Shares 21,582 Est. Cost — Unrealized —

PG PROCTER & GAMBLE CO 0.1%

Value $268K Shares 1,828 Est. Cost — Unrealized —

GOVT ISHARES TR 0.1%

Value $264K Shares 11,600 Est. Cost — Unrealized —

ORCL ORACLE CORP 0.1%

Value $332K Shares 2,265 Est. Cost — Unrealized —

FLDR FIDELITY MERRIMACK STR TR 0.1%

Value $328K Shares 6,552 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INTC	INTEL CORP	226,071	$31.57M	9.9%	—	—	COM	458140100
CLS	CELESTICA INC	70,785	$25.82M	8.1%	—	—	COM	15101Q207
TER	TERADYNE INC	27,300	$13.21M	4.1%	—	—	COM	880770102
TLN	TALEN ENERGY CORP	55,800	$21.44M	6.7%	—	—	COM	87422Q109
LAR	LITHIUM ARGENTINA AG	1,858,689	$15.37M	4.8%	—	—	COM SHS	H5012F103
VTI	VANGUARD INDEX FDS	43,798	$16.21M	5.1%	—	—	TOTAL STK MKT	922908769
VT	VANGUARD INTL EQUITY INDEX F	75,547	$11.86M	3.7%	—	—	TT WRLD ST ETF	922042742
SQM	SOCIEDAD QUIMICA Y MINERA DE	189,808	$14.05M	4.4%	—	—	SPON ADR SER B	833635105
VEA	VANGUARD TAX-MANAGED FDS	149,017	$10.62M	3.3%	—	—	VAN FTSE DEV MKT	921943858
AAPL	APPLE INC	23,268	$6.733M	2.1%	—	—	COM	037833100
GOOGL	ALPHABET INC	7,720	$2.759M	0.9%	—	—	CAP STK CL A	02079K305
TSM	TAIWAN SEMICONDUCTOR MANUFAC	3,823	$1.826M	0.6%	—	—	SPONSORED ADS	874039100
NVDA	NVIDIA CORPORATION	17,840	$3.57M	1.1%	—	—	COM	67066G104
AMAT	APPLIED MATLS INC	1,125	$813K	0.3%	—	—	COM	038222105
IEFA	ISHARES TR	62,425	$6.029M	1.9%	—	—	CORE MSCI EAFE	46432F842
IEMG	ISHARES INC	26,019	$2.155M	0.7%	—	—	CORE MSCI EMKT	46434G103
LRCX	LAM RESEARCH CORP	1,540	$667K	0.2%	—	—	COM NEW	512807306
FCNCA	FIRST CTZNS BANCSHARES INC D	1,434	$2.984M	0.9%	—	—	CL A	31946M103
VSCO	VICTORIAS SECRET AND CO	7,510	$627K	0.2%	—	—	COMMON STOCK	926400102
ASHR	DBX ETF TR	44,106	$1.617M	0.5%	—	—	XTRACK HRVST CSI	233051879
IGM	ISHARES TR	3,786	$619K	0.2%	—	—	EXPND TEC SC ETF	464287549
AMZN	AMAZON COM INC	5,320	$1.268M	0.4%	—	—	COM	023135106
VWO	VANGUARD INTL EQUITY INDEX F	27,148	$1.62M	0.5%	—	—	FTSE EMR MKT ETF	922042858
APH	AMPHENOL CORP	2,668	$470K	0.1%	—	—	CL A	032095101
AVGO	BROADCOM INC	1,920	$725K	0.2%	—	—	COM	11135F101
LLY	ELI LILLY & CO	404	$485K	0.2%	—	—	COM	532457108
EFV	ISHARES TR	31,000	$2.373M	0.7%	—	—	EAFE VALUE ETF	464288877
CWB	SPDR SERIES TRUST	4,068	$439K	0.1%	—	—	ST STR CONV ETF	78464A359
AU	ANGLOGOLD ASHANTI PLC	3,993	$323K	0.1%	—	—	COM SHS	G0378L100
ITOT	ISHARES TR	2,876	$472K	0.1%	—	—	CORE S&P TTL STK	464287150
V	VISA INC	1,496	$513K	0.2%	—	—	COM CL A	92826C839
BAC	BANK OF AMER CORP	5,502	$314K	0.1%	—	—	COM	060505104
VDC	VANGUARD WORLD FD	47,593	$10.73M	3.4%	—	—	CONSUM STP ETF	92204A207
WMT	WALMART INC	2,754	$312K	0.1%	—	—	COM	931142103
AVDV	AMERICAN CENTY ETF TR	8,000	$824K	0.3%	—	—	INTL SMCP VLU	025072802
HD	HOME DEPOT INC	825	$291K	0.1%	—	—	COM	437076102
JNJ	JOHNSON & JOHNSON	1,713	$435K	0.1%	—	—	COM	478160104
MRK	MERCK & CO INC	1,873	$241K	0.1%	—	—	COM	58933Y105
MSFT	MICROSOFT CORP	5,126	$1.912M	0.6%	—	—	COM	594918104
COST	COSTCO WHOLESALE CORPORATION	238	$223K	0.1%	—	—	COM	22160K105
META	META PLATFORMS INC	1,382	$778K	0.2%	—	—	CL A	30303M102
TIP	ISHARES TR	8,515	$932K	0.3%	—	—	TIPS BD ETF	464287176
MA	MASTERCARD INCORPORATED	454	$233K	0.1%	—	—	CL A	57636Q104
BND	VANGUARD BD INDEX FDS	21,582	$1.584M	0.5%	—	—	TOTAL BND MRKT	921937835
PG	PROCTER & GAMBLE CO	1,828	$268K	0.1%	—	—	COM	742718109
GOVT	ISHARES TR	11,600	$264K	0.1%	—	—	US TREAS BD ETF	46429B267
ORCL	ORACLE CORP	2,265	$332K	0.1%	—	—	COM	68389X105
FLDR	FIDELITY MERRIMACK STR TR	6,552	$328K	0.1%	—	—	LOW DURTIN ETF	316188408