Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ALAB	ASTERA LABS INC	48,398	$5.304M	2.3%	$157.63	0.0%	COM	04626A103
AVGO	BROADCOM INC	6,683	$2.068M	0.9%	$334.17	0.0%	COM	11135F101
CSCO	CISCO SYS INC	25,978	$2.016M	0.9%	$77.91	0.0%	COM	17275R102
AAOI	APPLIED OPTOELECTRONICS INC	21,924	$1.855M	0.8%	$41.81	0.0%	COM	03823U102
PG	PROCTER & GAMBLE CO	11,512	$1.663M	0.7%	$151.77	0.0%	COM	742718109
SWKS	SKYWORKS SOLUTIONS INC	28,190	$1.51M	0.7%	$59.98	0.0%	COM	83088M102
ITW	ILLINOIS TOOL WKS INC	5,704	$1.485M	0.7%	$273.24	0.0%	COM	452308109
NVO	NOVO-NORDISK A S	31,191	$1.146M	0.5%	$36.75	—	ADR	670100205
EOSE	EOS ENERGY ENTERPRISES INC	204,784	$1.016M	0.4%	$13.84	0.0%	COM CL A	29415C101
AXTI	AXT INC	17,277	$984K	0.4%	$22.70	0.0%	COM	00246W103
FCX	FREEPORT MCMORAN INC	15,891	$934K	0.4%	$61.12	0.0%	CL B	35671D857
XOM	EXXON MOBIL CORP	1,899	$322K	0.1%	$138.74	0.0%	COM	30231G102
IBM	INTERNATIONAL BUSINESS MACHS	1,146	$278K	0.1%	$283.93	0.0%	COM	459200101
PAYX	PAYCHEX INC	2,991	$276K	0.1%	$101.98	0.0%	COM	704326107
HAFN	HAFNIA LTD	35,902	$273K	0.1%	$6.21	0.0%	SHS	Y2990R101
WIT	WIPRO LTD	128,082	$272K	0.1%	$2.12	—	SPON ADR 1 SH	97651M109
BKE	BUCKLE INC	5,307	$267K	0.1%	$51.77	0.0%	COM	118440106
TXN	TEXAS INSTRS INC	1,328	$258K	0.1%	$206.27	0.0%	COM	882508104
KMB	KIMBERLY-CLARK CORP	2,568	$248K	0.1%	$103.08	0.0%	COM	494368103

Increased Positions (6)

RACE FERRARI N V 1.0%

Value $2.183M (+59.5%) Shares 6,450 (+74.1%) Est. Cost $411.44 Unrealized -13.3%

NVDA NVIDIA CORPORATION 4.1%

Value $9.242M (+7.0%) Shares 52,993 (+14.4%) Est. Cost $123.83 Unrealized +50.7%

SPRE TIDAL TRUST I 5.0%

Value $11.37M (+5.4%) Shares 580,444 (+5.3%) Est. Cost $18.43 Unrealized —

VRSN VERISIGN INC 1.5%

Value $3.339M (+15.4%) Shares 13,443 (+12.9%) Est. Cost $196.57 Unrealized +19.8%

BBY BEST BUY INC 1.0%

Value $2.303M (+21.9%) Shares 35,874 (+27.1%) Est. Cost $65.49 Unrealized +2.2%

PYPL PAYPAL HLDGS INC 1.5%

Value $3.499M (+12.1%) Shares 77,369 (+44.8%) Est. Cost $64.16 Unrealized -22.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RACE	FERRARI N V	6,450 (+74.1%)	$2.183M (+59.5%)	1.0%	$411.44	-13.3%	COM	N3167Y103
NVDA	NVIDIA CORPORATION	52,993 (+14.4%)	$9.242M (+7.0%)	4.1%	$123.83	+50.7%	COM	67066G104
SPRE	TIDAL TRUST I	580,444 (+5.3%)	$11.37M (+5.4%)	5.0%	$18.43	—	SP FUNDS S&P GBL	886364769
VRSN	VERISIGN INC	13,443 (+12.9%)	$3.339M (+15.4%)	1.5%	$196.57	+19.8%	COM	92343E102
BBY	BEST BUY INC	35,874 (+27.1%)	$2.303M (+21.9%)	1.0%	$65.49	+2.2%	COM	086516101
PYPL	PAYPAL HLDGS INC	77,369 (+44.8%)	$3.499M (+12.1%)	1.5%	$64.16	-22.0%	COM	70450Y103

Exited Positions (3)

AAPL APPLE INC 0.3%

Value $648K Shares 2,385 Est. Cost $183.96 Unrealized +42.9%

ASML ASML HOLDING N V 0.1%

Value $338K Shares 316 Est. Cost $801.39 Unrealized —

MSFT MICROSOFT CORP 0.1%

Value $209K Shares 433 Est. Cost $329.23 Unrealized +32.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	2,385	$648K	0.3%	$183.96	+42.9%	—	037833100
ASML	ASML HOLDING N V	316	$338K	0.1%	$801.39	—	—	N07059210
MSFT	MICROSOFT CORP	433	$209K	0.1%	$329.23	+32.0%	—	594918104

Decreased Positions (15)

TSLA TESLA INC 14.8%

Value $33.35M (-29.1%) Shares 89,708 (-14.3%) Est. Cost $246.19 Unrealized +73.0%

MSTR STRATEGY INC 7.1%

Value $15.94M (-30.2%) Shares 127,758 (-15.0%) Est. Cost $194.70 Unrealized -24.6%

SPSK TIDAL TRUST I 12.8%

Value $28.99M (-13.3%) Shares 1,619,469 (-11.6%) Est. Cost $17.63 Unrealized —

SPUS TIDAL TRUST I 15.0%

Value $33.88M (-9.7%) Shares 703,556 (-4.2%) Est. Cost $32.83 Unrealized —

CLSK CLEANSPARK INC 2.1%

Value $4.85M (-38.9%) Shares 569,927 (-27.4%) Est. Cost $9.36 Unrealized +21.0%

SPTE SP FUNDS TRUST 9.1%

Value $20.46M (-10.6%) Shares 590,219 (-9.2%) Est. Cost $22.76 Unrealized —

TOL TOLL BROTHERS INC 1.1%

Value $2.436M (-32.1%) Shares 17,852 (-32.7%) Est. Cost $125.88 Unrealized +19.1%

NKE NIKE INC 0.4%

Value $825K (-42.0%) Shares 15,611 (-30.1%) Est. Cost $71.57 Unrealized -10.6%

JNJ JOHNSON & JOHNSON 1.7%

Value $3.896M (+12.8%) Shares 15,938 (-4.5%) Est. Cost $154.71 Unrealized +47.3%

TNK TEEKAY TANKERS LTD 1.1%

Value $2.393M (-6.8%) Shares 32,638 (-32.1%) Est. Cost $47.31 Unrealized +36.2%

VRT VERTIV HOLDINGS CO 0.9%

Value $2.108M (+8.9%) Shares 8,414 (-29.6%) Est. Cost $173.58 Unrealized +15.1%

UPXI UPEXI INC 0.0%

Value $27,389 (-79.6%) Shares 27,789 (-65.2%) Est. Cost $6.08 Unrealized -74.6%

SPWO SP FUNDS TRUST 9.7%

Value $21.99M (-0.5%) Shares 779,660 (-3.7%) Est. Cost $21.96 Unrealized —

GLD SPDR GOLD TR 0.2%

Value $377K (-11.3%) Shares 877 (-18.3%) Est. Cost $177.42 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.1%

Value $209K (-12.5%) Shares 617 (-21.3%) Est. Cost $86.90 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSLA	TESLA INC	89,708 (-14.3%)	$33.35M (-29.1%)	14.8%	$246.19	+73.0%	COM	88160R101
MSTR	STRATEGY INC	127,758 (-15.0%)	$15.94M (-30.2%)	7.1%	$194.70	-24.6%	CL A NEW	594972408
SPSK	TIDAL TRUST I	1,619,469 (-11.6%)	$28.99M (-13.3%)	12.8%	$17.63	—	SP DWJNS SUKUK	886364702
SPUS	TIDAL TRUST I	703,556 (-4.2%)	$33.88M (-9.7%)	15.0%	$32.83	—	SP FDS S&P 500	886364801
CLSK	CLEANSPARK INC	569,927 (-27.4%)	$4.85M (-38.9%)	2.1%	$9.36	+21.0%	COM NEW	18452B209
SPTE	SP FUNDS TRUST	590,219 (-9.2%)	$20.46M (-10.6%)	9.1%	$22.76	—	S&P GLOBAL TECHN	84612A101
TOL	TOLL BROTHERS INC	17,852 (-32.7%)	$2.436M (-32.1%)	1.1%	$125.88	+19.1%	COM	889478103
NKE	NIKE INC	15,611 (-30.1%)	$825K (-42.0%)	0.4%	$71.57	-10.6%	CL B	654106103
JNJ	JOHNSON & JOHNSON	15,938 (-4.5%)	$3.896M (+12.8%)	1.7%	$154.71	+47.3%	COM	478160104
TNK	TEEKAY TANKERS LTD	32,638 (-32.1%)	$2.393M (-6.8%)	1.1%	$47.31	+36.2%	CL A	G8726X106
VRT	VERTIV HOLDINGS CO	8,414 (-29.6%)	$2.108M (+8.9%)	0.9%	$173.58	+15.1%	COM CL A	92537N108
UPXI	UPEXI INC	27,789 (-65.2%)	$27,389 (-79.6%)	0.0%	$6.08	-74.6%	COM NEW	39959A205
SPWO	SP FUNDS TRUST	779,660 (-3.7%)	$21.99M (-0.5%)	9.7%	$21.96	—	S&P WORLD EX US	84612A200
GLD	SPDR GOLD TR	877 (-18.3%)	$377K (-11.3%)	0.2%	$177.42	—	GOLD SHS	78463V107
TSM	TAIWAN SEMICONDUCTOR MANUFAC	617 (-21.3%)	$209K (-12.5%)	0.1%	$86.90	—	SPONSORED ADS	874039100