Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XLB	SELECT SECTOR SPDR TR	41,820	$2.037M	1.3%	$48.70	$51.45	-5.3%	ST STR MATER ETF	81369Y100
URBN	URBAN OUTFITTERS INC	16,548	$1.264M	0.8%	$76.38	$75.34	+1.4%	COM	917047102
VIST	VISTA ENERGY S.A.B. DE C.V.	17,107	$1.118M	0.7%	$65.35	$68.67	-4.8%	SPONSORED ADS	92837L109
INSM	INSMED INC	5,877	$671K	0.4%	$114.14	$117.80	-3.1%	COM PAR $.01	457669307
NTRA	NATERA INC	1,598	$660K	0.4%	$413.31	$314.13	+31.6%	COM	632307104
DELL	DELL TECHNOLOGIES INC	775	$417K	0.3%	$537.85	$469.71	+14.5%	CL C	24703L202
XOM	EXXONMOBIL HOLDINGS CORP	1,512	$246K	0.2%	$162.75	$162.75	—	COM SHS	30233Q108
CRWD	CROWDSTRIKE HLDGS INC	912	$241K	0.1%	$264.75	$212.27	+24.7%	CL A	22788C105

Increased Positions (16)

SCCO SOUTHERN COPPER CORP 1.6%

Value $2.608M (+108.4%) Shares 12,869 (+79.2%) Share Price $202.64 Est. Cost/Share $187.33 Unrealized @ Report Date +8.2%

AMD ADVANCED MICRO DEVICES INC 3.7%

Value $5.98M (+20.5%) Shares 9,775 (+14.4%) Share Price $611.76 Est. Cost/Share $282.94 Unrealized @ Report Date +116.2%

LLY ELI LILLY & CO 2.9%

Value $4.725M (+26.1%) Shares 4,084 (+30.7%) Share Price $1156.99 Est. Cost/Share $1058.94 Unrealized @ Report Date +9.3%

HPE HEWLETT PACKARD ENTERPRISE C 0.7%

Value $1.127M (+260.0%) Shares 17,637 (+154.2%) Share Price $63.89 Est. Cost/Share $46.32 Unrealized @ Report Date +37.9%

META META PLATFORMS INC 1.5%

Value $2.413M (+42.2%) Shares 3,327 (+10.4%) Share Price $725.28 Est. Cost/Share $651.46 Unrealized @ Report Date +11.3%

V VISA INC 0.5%

Value $886K (+330.5%) Shares 2,466 (+311.0%) Share Price $359.33 Est. Cost/Share $354.71 Unrealized @ Report Date +1.3%

TS TENARIS S A 0.9%

Value $1.477M (+84.5%) Shares 26,763 (+85.6%) Share Price $55.18 Est. Cost/Share $58.29 Unrealized @ Report Date -5.3%

MELI MERCADOLIBRE INC 0.8%

Value $1.227M (+103.7%) Shares 710 (+100.0%) Share Price $1728.53 Est. Cost/Share $1992.35 Unrealized @ Report Date -13.2%

MRVL MARVELL TECHNOLOGY INC 8.0%

Value $13.04M (-2.3%) Shares 49,342 (+10.2%) Share Price $264.21 Est. Cost/Share $96.95 Unrealized @ Report Date +172.5%

RKLB ROCKET LAB CORP 0.3%

Value $458K (+117.1%) Shares 6,574 (+216.7%) Share Price $69.68 Est. Cost/Share $67.38 Unrealized @ Report Date +3.4%

SLB SLB LIMITED 2.2%

Value $3.617M (+7.3%) Shares 74,245 (+2.4%) Share Price $48.72 Est. Cost/Share $49.04 Unrealized @ Report Date -0.7%

GLD SPDR GOLD TR 2.7%

Value $4.342M (+5.5%) Shares 11,402 (+2.0%) Share Price $380.84 Est. Cost/Share $334.89 Unrealized @ Report Date +13.7%

AXTI AXT INC 0.4%

Value $574K (+53.3%) Shares 7,409 (+42.8%) Share Price $77.41 Est. Cost/Share $82.42 Unrealized @ Report Date -6.1%

ALAB ASTERA LABS INC 0.8%

Value $1.331M (+13.3%) Shares 3,739 (+53.7%) Share Price $355.98 Est. Cost/Share $285.04 Unrealized @ Report Date +24.9%

BE BLOOM ENERGY CORP 3.1%

Value $5.095M (-2.3%) Shares 18,395 (+6.8%) Share Price $276.98 Est. Cost/Share $191.33 Unrealized @ Report Date +44.8%

SEI SOLARIS ENERGY INFRAS INC 0.2%

Value $276K (+4.6%) Shares 3,882 (+18.2%) Share Price $71.18 Est. Cost/Share $69.84 Unrealized @ Report Date +1.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SCCO	SOUTHERN COPPER CORP	12,869 (+79.2%)	$2.608M (+108.4%)	1.6%	$202.64	$187.33	+8.2%	COM	84265V105
AMD	ADVANCED MICRO DEVICES INC	9,775 (+14.4%)	$5.98M (+20.5%)	3.7%	$611.76	$282.94	+116.2%	COM	007903107
LLY	ELI LILLY & CO	4,084 (+30.7%)	$4.725M (+26.1%)	2.9%	$1156.99	$1058.94	+9.3%	COM	532457108
HPE	HEWLETT PACKARD ENTERPRISE C	17,637 (+154.2%)	$1.127M (+260.0%)	0.7%	$63.89	$46.32	+37.9%	COM	42824C109
META	META PLATFORMS INC	3,327 (+10.4%)	$2.413M (+42.2%)	1.5%	$725.28	$651.46	+11.3%	CL A	30303M102
V	VISA INC	2,466 (+311.0%)	$886K (+330.5%)	0.5%	$359.33	$354.71	+1.3%	COM CL A	92826C839
TS	TENARIS S A	26,763 (+85.6%)	$1.477M (+84.5%)	0.9%	$55.18	$58.29	-5.3%	SPONSORED ADS	88031M109
MELI	MERCADOLIBRE INC	710 (+100.0%)	$1.227M (+103.7%)	0.8%	$1728.53	$1992.35	-13.2%	COM	58733R102
MRVL	MARVELL TECHNOLOGY INC	49,342 (+10.2%)	$13.04M (-2.3%)	8.0%	$264.21	$96.95	+172.5%	COM	573874104
RKLB	ROCKET LAB CORP	6,574 (+216.7%)	$458K (+117.1%)	0.3%	$69.68	$67.38	+3.4%	COM	773121108
SLB	SLB LIMITED	74,245 (+2.4%)	$3.617M (+7.3%)	2.2%	$48.72	$49.04	-0.7%	COM STK	806857108
GLD	SPDR GOLD TR	11,402 (+2.0%)	$4.342M (+5.5%)	2.7%	$380.84	$334.89	+13.7%	GOLD SHS	78463V107
AXTI	AXT INC	7,409 (+42.8%)	$574K (+53.3%)	0.4%	$77.41	$82.42	-6.1%	COM	00246W103
ALAB	ASTERA LABS INC	3,739 (+53.7%)	$1.331M (+13.3%)	0.8%	$355.98	$285.04	+24.9%	COM	04626A103
BE	BLOOM ENERGY CORP	18,395 (+6.8%)	$5.095M (-2.3%)	3.1%	$276.98	$191.33	+44.8%	COM CL A	093712107
SEI	SOLARIS ENERGY INFRAS INC	3,882 (+18.2%)	$276K (+4.6%)	0.2%	$71.18	$69.84	+1.9%	COM CL A	83418M103

Exited Positions (3)

CIFR CIPHER DIGITAL INC 0.4%

Value $730K Shares 29,792 Share Price $24.50 * Est. Cost/Share $17.65 Unrealized @ Report Date -10.4%

XOM EXXON MOBIL CORP 0.1%

Value $207K Shares 1,512 Share Price $136.72 * Est. Cost/Share $145.92 Unrealized @ Report Date +11.5%

IREN IREN LIMITED 0.1%

Value $201K Shares 4,398 Share Price $45.73 * Est. Cost/Share $51.59 Unrealized @ Report Date -20.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CIFR	CIPHER DIGITAL INC	29,792	$730K	0.4%	$24.50 *	$17.65	-10.4%	—	17253J106
XOM	EXXON MOBIL CORP	1,512	$207K	0.1%	$136.72 *	$145.92	+11.5%	—	30231G102
IREN	IREN LIMITED	4,398	$201K	0.1%	$45.73 *	$51.59	-20.8%	—	Q4982L109

Decreased Positions (23)

MU MICRON TECHNOLOGY INC 10.1%

Value $16.4M (-23.7%) Shares 15,393 (-17.3%) Share Price $1065.11 Est. Cost/Share $429.67 Unrealized @ Report Date +147.9%

PLTR PALANTIR TECHNOLOGIES INC 7.3%

Value $11.93M (+46.1%) Shares 63,760 (-8.8%) Share Price $187.05 Est. Cost/Share $58.25 Unrealized @ Report Date +221.1%

GEV GE VERNOVA INC 1.9%

Value $3.11M (-38.4%) Shares 3,272 (-23.9%) Share Price $950.49 Est. Cost/Share $445.91 Unrealized @ Report Date +113.2%

WDC WESTERN DIGITAL CORP 0.7%

Value $1.164M (-53.4%) Shares 2,561 (-34.5%) Share Price $454.46 Est. Cost/Share $284.95 Unrealized @ Report Date +59.5%

AVGO BROADCOM INC 1.5%

Value $2.473M (-34.9%) Shares 7,041 (-30.0%) Share Price $351.19 Est. Cost/Share $231.53 Unrealized @ Report Date +51.7%

LITE LUMENTUM HLDGS INC 1.5%

Value $2.475M (-33.1%) Shares 2,548 (-40.9%) Share Price $971.26 Est. Cost/Share $830.89 Unrealized @ Report Date +16.9%

LBRT LIBERTY ENERGY INC 1.0%

Value $1.587M (-42.2%) Shares 87,102 (-17.0%) Share Price $18.22 Est. Cost/Share $25.49 Unrealized @ Report Date -28.5%

NVDA NVIDIA CORPORATION 6.4%

Value $10.31M (+8.2%) Shares 45,132 (-5.2%) Share Price $228.38 Est. Cost/Share $138.22 Unrealized @ Report Date +65.2%

CRWV COREWEAVE INC 0.3%

Value $544K (-57.0%) Shares 6,239 (-50.9%) Share Price $87.12 Est. Cost/Share $104.88 Unrealized @ Report Date -16.9%

OC OWENS CORNING NEW 1.0%

Value $1.616M (-30.7%) Shares 13,846 (-5.6%) Share Price $116.74 Est. Cost/Share $120.79 Unrealized @ Report Date -3.3%

FIX COMFORT SYS USA INC 1.9%

Value $3.017M (-18.1%) Shares 1,824 (-1.9%) Share Price $1654.09 Est. Cost/Share $417.86 Unrealized @ Report Date +295.8%

LRCX LAM RESEARCH CORP 0.9%

Value $1.529M (-27.9%) Shares 4,655 (-4.9%) Share Price $328.51 Est. Cost/Share $303.56 Unrealized @ Report Date +8.2%

ANET ARISTA NETWORKS INC 1.3%

Value $2.085M (-21.3%) Shares 10,242 (-34.3%) Share Price $203.59 Est. Cost/Share $137.46 Unrealized @ Report Date +48.1%

MSFT MICROSOFT CORP 2.5%

Value $4.071M (+13.2%) Shares 7,938 (-17.6%) Share Price $512.90 Est. Cost/Share $429.77 Unrealized @ Report Date +19.3%

DECK DECKERS OUTDOOR CORP 0.5%

Value $849K (-29.2%) Shares 10,860 (-10.1%) Share Price $78.14 Est. Cost/Share $170.20 Unrealized @ Report Date -54.1%

IBIT ISHARES BITCOIN TRUST ETF 1.6%

Value $2.533M (+8.3%) Shares 53,509 (-23.9%) Share Price $47.34 Est. Cost/Share $58.15 Unrealized @ Report Date -18.6%

BG BUNGE GLOBAL SA 0.7%

Value $1.09M (-14.4%) Shares 10,189 (-14.6%) Share Price $106.95 Est. Cost/Share $122.93 Unrealized @ Report Date -13.0%

AAOI APPLIED OPTOELECTRONICS INC 0.2%

Value $334K (-33.8%) Shares 3,369 (-1.3%) Share Price $99.26 Est. Cost/Share $162.55 Unrealized @ Report Date -38.9%

STX SEAGATE TECHNOLOGY HLDNGS PL 1.5%

Value $2.389M (-6.6%) Shares 2,590 (-2.3%) Share Price $922.34 Est. Cost/Share $381.56 Unrealized @ Report Date +141.7%

NBIS NEBIUS GROUP N.V. 0.4%

Value $669K (-18.0%) Shares 2,837 (-4.0%) Share Price $235.88 Est. Cost/Share $198.04 Unrealized @ Report Date +19.1%

EZPW EZCORP INC 0.1%

Value $235K (-23.6%) Shares 7,893 (-11.2%) Share Price $29.76 Est. Cost/Share $23.97 Unrealized @ Report Date +24.2%

SMH VANECK ETF TRUST 0.4%

Value $583K (-8.5%) Shares 957 (-1.4%) Share Price $609.00 Est. Cost/Share $239.69 Unrealized @ Report Date +154.1%

FTI TECHNIPFMC PLC 4.6%

Value $7.445M (-0.2%) Shares 109,608 (-2.6%) Share Price $67.92 Est. Cost/Share $28.27 Unrealized @ Report Date +140.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MU	MICRON TECHNOLOGY INC	15,393 (-17.3%)	$16.4M (-23.7%)	10.1%	$1065.11	$429.67	+147.9%	COM	595112103
PLTR	PALANTIR TECHNOLOGIES INC	63,760 (-8.8%)	$11.93M (+46.1%)	7.3%	$187.05	$58.25	+221.1%	CL A	69608A108
GEV	GE VERNOVA INC	3,272 (-23.9%)	$3.11M (-38.4%)	1.9%	$950.49	$445.91	+113.2%	COM	36828A101
WDC	WESTERN DIGITAL CORP	2,561 (-34.5%)	$1.164M (-53.4%)	0.7%	$454.46	$284.95	+59.5%	COM	958102105
AVGO	BROADCOM INC	7,041 (-30.0%)	$2.473M (-34.9%)	1.5%	$351.19	$231.53	+51.7%	COM	11135F101
LITE	LUMENTUM HLDGS INC	2,548 (-40.9%)	$2.475M (-33.1%)	1.5%	$971.26	$830.89	+16.9%	COM	55024U109
LBRT	LIBERTY ENERGY INC	87,102 (-17.0%)	$1.587M (-42.2%)	1.0%	$18.22	$25.49	-28.5%	COM CL A	53115L104
NVDA	NVIDIA CORPORATION	45,132 (-5.2%)	$10.31M (+8.2%)	6.4%	$228.38	$138.22	+65.2%	COM	67066G104
CRWV	COREWEAVE INC	6,239 (-50.9%)	$544K (-57.0%)	0.3%	$87.12	$104.88	-16.9%	COM CL A	21873S108
OC	OWENS CORNING NEW	13,846 (-5.6%)	$1.616M (-30.7%)	1.0%	$116.74	$120.79	-3.3%	COM	690742101
FIX	COMFORT SYS USA INC	1,824 (-1.9%)	$3.017M (-18.1%)	1.9%	$1654.09	$417.86	+295.8%	COM	199908104
LRCX	LAM RESEARCH CORP	4,655 (-4.9%)	$1.529M (-27.9%)	0.9%	$328.51	$303.56	+8.2%	COM NEW	512807306
ANET	ARISTA NETWORKS INC	10,242 (-34.3%)	$2.085M (-21.3%)	1.3%	$203.59	$137.46	+48.1%	COM SHS	040413205
MSFT	MICROSOFT CORP	7,938 (-17.6%)	$4.071M (+13.2%)	2.5%	$512.90	$429.77	+19.3%	COM	594918104
DECK	DECKERS OUTDOOR CORP	10,860 (-10.1%)	$849K (-29.2%)	0.5%	$78.14	$170.20	-54.1%	COM	243537107
IBIT	ISHARES BITCOIN TRUST ETF	53,509 (-23.9%)	$2.533M (+8.3%)	1.6%	$47.34	$58.15	-18.6%	SHS BEN INT	46438F101
BG	BUNGE GLOBAL SA	10,189 (-14.6%)	$1.09M (-14.4%)	0.7%	$106.95	$122.93	-13.0%	COM SHS	H11356104
AAOI	APPLIED OPTOELECTRONICS INC	3,369 (-1.3%)	$334K (-33.8%)	0.2%	$99.26	$162.55	-38.9%	COM	03823U102
STX	SEAGATE TECHNOLOGY HLDNGS PL	2,590 (-2.3%)	$2.389M (-6.6%)	1.5%	$922.34	$381.56	+141.7%	ORD SHS	G7997R103
NBIS	NEBIUS GROUP N.V.	2,837 (-4.0%)	$669K (-18.0%)	0.4%	$235.88	$198.04	+19.1%	SHS CLASS A	N97284108
EZPW	EZCORP INC	7,893 (-11.2%)	$235K (-23.6%)	0.1%	$29.76	$23.97	+24.2%	CL A NON VTG	302301106
SMH	VANECK ETF TRUST	957 (-1.4%)	$583K (-8.5%)	0.4%	$609.00	$239.69	+154.1%	SEMICONDUCTR ETF	92189F676
FTI	TECHNIPFMC PLC	109,608 (-2.6%)	$7.445M (-0.2%)	4.6%	$67.92	$28.27	+140.3%	COM	G87110105

Unchanged Positions (14)

GOOGL ALPHABET INC 6.0%

Value $9.722M Shares 28,255 Share Price $344.08 Est. Cost/Share $172.30 Unrealized @ Report Date +99.7%

BLDR BUILDERS FIRSTSOURCE INC 0.4%

Value $659K Shares 11,558 Share Price $57.01 Est. Cost/Share $79.86 Unrealized @ Report Date -28.6%

VLO VALERO ENERGY CORP 0.7%

Value $1.126M Shares 2,904 Share Price $387.61 Est. Cost/Share $246.22 Unrealized @ Report Date +57.4%

AAPL APPLE INC 1.6%

Value $2.547M Shares 7,649 Share Price $333.02 Est. Cost/Share $234.51 Unrealized @ Report Date +42.0%

VRT VERTIV HOLDINGS CO 0.5%

Value $798K Shares 3,306 Share Price $241.31 Est. Cost/Share $242.60 Unrealized @ Report Date -0.5%

TSLA TESLA INC 1.0%

Value $1.654M Shares 4,661 Share Price $354.81 Est. Cost/Share $342.01 Unrealized @ Report Date +3.7%

AMZN AMAZON COM INC 3.1%

Value $5.002M Shares 20,076 Share Price $249.14 Est. Cost/Share $212.08 Unrealized @ Report Date +17.5%

QXO QXO INC 0.2%

Value $344K Shares 29,393 Share Price $11.69 Est. Cost/Share $18.61 Unrealized @ Report Date -37.2%

CVX CHEVRON CORPORATION 0.4%

Value $588K Shares 2,877 Share Price $204.21 Est. Cost/Share $152.28 Unrealized @ Report Date +34.1%

MGY MAGNOLIA OIL & GAS CORP 0.6%

Value $894K Shares 38,038 Share Price $23.49 Est. Cost/Share $25.98 Unrealized @ Report Date -9.6%

JCI JOHNSON CONTROLS INTERNATION 0.9%

Value $1.41M Shares 9,488 Share Price $148.65 Est. Cost/Share $138.63 Unrealized @ Report Date +7.2%

SPY STATE STR SPDR S&P 500 ETF T 0.7%

Value $1.145M Shares 1,501 Share Price $762.63 Est. Cost/Share $611.82 Unrealized @ Report Date +24.7%

MMM 3M CO 0.4%

Value $608K Shares 3,706 Share Price $164.15 Est. Cost/Share $128.38 Unrealized @ Report Date +27.9%

SHV ISHARES TR 1.0%

Value $1.55M Shares 14,051 Share Price $110.32 Est. Cost/Share $110.26 Unrealized @ Report Date +0.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GOOGL	ALPHABET INC	28,255	$9.722M	6.0%	$344.08	$172.30	+99.7%	CAP STK CL A	02079K305
BLDR	BUILDERS FIRSTSOURCE INC	11,558	$659K	0.4%	$57.01	$79.86	-28.6%	COM	12008R107
VLO	VALERO ENERGY CORP	2,904	$1.126M	0.7%	$387.61	$246.22	+57.4%	COM	91913Y100
AAPL	APPLE INC	7,649	$2.547M	1.6%	$333.02	$234.51	+42.0%	COM	037833100
VRT	VERTIV HOLDINGS CO	3,306	$798K	0.5%	$241.31	$242.60	-0.5%	COM CL A	92537N108
TSLA	TESLA INC	4,661	$1.654M	1.0%	$354.81	$342.01	+3.7%	COM	88160R101
AMZN	AMAZON COM INC	20,076	$5.002M	3.1%	$249.14	$212.08	+17.5%	COM	023135106
QXO	QXO INC	29,393	$344K	0.2%	$11.69	$18.61	-37.2%	COM NEW	82846H405
CVX	CHEVRON CORPORATION	2,877	$588K	0.4%	$204.21	$152.28	+34.1%	COM	166764100
MGY	MAGNOLIA OIL & GAS CORP	38,038	$894K	0.6%	$23.49	$25.98	-9.6%	CL A	559663109
JCI	JOHNSON CONTROLS INTERNATION	9,488	$1.41M	0.9%	$148.65	$138.63	+7.2%	SHS	G51502105
SPY	STATE STR SPDR S&P 500 ETF T	1,501	$1.145M	0.7%	$762.63	$611.82	+24.7%	TR UNIT	78462F103
MMM	3M CO	3,706	$608K	0.4%	$164.15	$128.38	+27.9%	COM	88579Y101
SHV	ISHARES TR	14,051	$1.55M	1.0%	$110.32	$110.26	+0.1%	TRUST ISHARE 0-1	464288679