MIRAE ASSET SECURITIES (USA) INC. Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMD	ADVANCED MICRO DEVICES INC	130,913	$28,036	0.8%	$224.60	0.0%	COM	007903107
AMD	ADVANCED MICRO DEVICES INC	392,739	$27,841	0.8%	$224.60	0.0%	PUT	007903107
ORCL	ORACLE CORP	111,128	$21,660	0.6%	$238.05	0.0%	COM	68389X105
ORCL	ORACLE CORP	111,128	$21,440	0.6%	$238.05	0.0%	PUT	68389X105
EFA	ISHARES TR	200,303	$19,235	0.5%	$96.03	—	MSCI EAFE ETF	464287465
EFA	ISHARES TR	200,303	$19,206	0.5%	$96.03	—	PUT	464287465
SMH	VANECK ETF TRUST	50,414	$18,156	0.5%	$360.13	—	SEMICONDUCTR ETF	92189F676
SMH	VANECK ETF TRUST	50,414	$18,007	0.5%	$360.13	—	PUT	92189F676
PLTR	PALANTIR TECHNOLOGIES INC	100,462	$17,857	0.5%	$181.03	0.0%	CL A	69608A108
PLTR	PALANTIR TECHNOLOGIES INC	200,924	$17,775	0.5%	$181.03	0.0%	PUT	69608A108
DIS	DISNEY WALT CO	151,007	$17,180	0.5%	$109.53	0.0%	COM	254687106
DIS	DISNEY WALT CO	302,014	$17,066	0.5%	$109.53	0.0%	PUT	254687106
TRV	TRAVELERS COMPANIES INC	50,334	$14,600	0.4%	$280.61	0.0%	COM	89417E109
TRV	TRAVELERS COMPANIES INC	50,334	$14,503	0.4%	$280.61	0.0%	PUT	89417E109
CAT	CATERPILLAR INC	25,164	$14,416	0.4%	$555.50	0.0%	COM	149123101
CAT	CATERPILLAR INC	25,156	$14,322	0.4%	$555.50	0.0%	PUT	149123101
NKE	NIKE INC	200,491	$12,773	0.4%	$64.91	0.0%	CL B	654106103
NKE	NIKE INC	200,491	$12,742	0.4%	$64.91	0.0%	PUT	654106103
GILD	GILEAD SCIENCES INC	100,833	$12,376	0.3%	$120.88	0.0%	COM	375558103
GILD	GILEAD SCIENCES INC	201,666	$12,274	0.3%	$120.88	0.0%	PUT	375558103
LMT	LOCKHEED MARTIN CORP	25,062	$12,122	0.3%	$476.18	0.0%	COM	539830109
LMT	LOCKHEED MARTIN CORP	25,062	$12,092	0.3%	$476.18	0.0%	PUT	539830109
PDD	PDD HOLDINGS INC	100,247	$11,367	0.3%	$113.39	—	SPONSORED ADS	722304102
PDD	PDD HOLDINGS INC	100,247	$11,339	0.3%	$113.39	—	PUT	722304102
PFE	PFIZER INC	451,111	$11,233	0.3%	$25.03	0.0%	COM	717081103
PFE	PFIZER INC	451,111	$11,205	0.3%	$25.03	0.0%	PUT	717081103
MRK	MERCK & CO INC	100,670	$10,597	0.3%	$93.24	0.0%	COM	58933Y105
MRK	MERCK & CO INC	100,670	$10,526	0.3%	$93.24	0.0%	PUT	58933Y105
CSCO	CISCO SYS INC	100,676	$7,755	0.2%	$73.79	0.0%	COM	17275R102
CSCO	CISCO SYS INC	100,676	$7,703	0.2%	$73.79	0.0%	PUT	17275R102
GPIX	GOLDMAN SACHS ETF TR	140,000	$7,392	0.2%	$52.80	—	S&P 500 PREMIUM	38149W622
DE	DEERE & CO	13,931	$6,486	0.2%	$467.69	0.0%	COM	244199105
DE	DEERE & CO	13,931	$6,471	0.2%	$467.69	0.0%	PUT	244199105
DLTR	DOLLAR TREE INC	50,116	$6,165	0.2%	$107.15	0.0%	COM	256746108
DLTR	DOLLAR TREE INC	50,116	$6,151	0.2%	$107.15	0.0%	PUT	256746108
MO	ALTRIA GROUP INC	100,242	$5,780	0.2%	$59.36	0.0%	COM	02209S103
MO	ALTRIA GROUP INC	100,242	$5,766	0.2%	$59.36	0.0%	PUT	02209S103
RTX	RTX CORPORATION	28,764	$5,275	0.1%	$173.32	0.0%	COM	75513E101
RTX	RTX CORPORATION	28,764	$5,227	0.1%	$173.32	0.0%	PUT	75513E101
MDLZ	MONDELEZ INTL INC	79,174	$4,262	0.1%	$57.06	0.0%	CL A	609207105
MDLZ	MONDELEZ INTL INC	79,174	$4,253	0.1%	$57.06	0.0%	PUT	609207105
OXY	OCCIDENTAL PETE CORP	100,247	$4,122	0.1%	$41.55	0.0%	COM	674599105
OXY	OCCIDENTAL PETE CORP	100,247	$4,112	0.1%	$41.55	0.0%	PUT	674599105
SHW	SHERWIN WILLIAMS CO	12,529	$4,060	0.1%	$334.11	0.0%	COM	824348106
SHW	SHERWIN WILLIAMS CO	12,529	$4,050	0.1%	$334.11	0.0%	PUT	824348106
MMM	3M CO	25,060	$4,012	0.1%	$163.18	0.0%	COM	88579Y101
MMM	3M CO	25,060	$4,003	0.1%	$163.18	0.0%	PUT	88579Y101
BBIO	BRIDGEBIO PHARMA INC	51,818	$3,964	0.1%	$65.64	0.0%	COM	10806X102
BBIO	BRIDGEBIO PHARMA INC	51,818	$3,955	0.1%	$65.64	0.0%	PUT	10806X102
EWY	ISHARES INC	40,076	$3,896	0.1%	$97.22	—	MSCI STH KOR ETF	464286772
EWY	ISHARES INC	40,076	$3,889	0.1%	$97.22	—	PUT	464286772
ITW	ILLINOIS TOOL WKS INC	12,027	$2,962	0.1%	$247.57	0.0%	COM	452308109
ITW	ILLINOIS TOOL WKS INC	12,027	$2,956	0.1%	$247.57	0.0%	PUT	452308109
JD	JD.COM INC	100,245	$2,877	0.1%	$28.70	—	SPON ADS CL A	47215P106
JD	JD.COM INC	100,245	$2,870	0.1%	$28.70	—	PUT	47215P106
KMB	KIMBERLY-CLARK CORP	25,059	$2,528	0.1%	$108.41	0.0%	COM	494368103
KMB	KIMBERLY-CLARK CORP	25,059	$2,522	0.1%	$108.41	0.0%	PUT	494368103
COP	CONOCOPHILLIPS	25,054	$2,345	0.1%	$90.02	0.0%	COM	20825C104
COP	CONOCOPHILLIPS	25,054	$2,340	0.1%	$90.02	0.0%	PUT	20825C104
DVN	DEVON ENERGY CORP NEW	63,650	$2,332	0.1%	$34.73	0.0%	COM	25179M103
DVN	DEVON ENERGY CORP NEW	63,650	$2,326	0.1%	$34.73	0.0%	PUT	25179M103
INFY	INFOSYS LTD	476,392	$2,147	0.1%	$17.82	—	PUT	456788108
INFY	INFOSYS LTD	119,098	$2,122	0.1%	$17.82	—	SPONSORED ADR	456788108
STUB	STUBHUB HLDGS INC	148,994	$2,030	0.1%	$15.72	0.0%	PUT	86384P109
STUB	STUBHUB HLDGS INC	148,994	$2,016	0.1%	$15.72	0.0%	CL A	86384P109
CYTK	CYTOKINETICS INC	30,067	$1,910	0.1%	$62.21	0.0%	COM NEW	23282W605
CYTK	CYTOKINETICS INC	30,067	$1,906	0.1%	$62.21	0.0%	PUT	23282W605
ORLY	OREILLY AUTOMOTIVE INC	18,078	$1,649	0.0%	$97.70	0.0%	COM	67103H107
ORLY	OREILLY AUTOMOTIVE INC	18,078	$1,642	0.0%	$97.70	0.0%	PUT	67103H107
BURL	BURLINGTON STORES INC	5,513	$1,592	0.0%	$271.28	0.0%	COM	122017106
BURL	BURLINGTON STORES INC	5,513	$1,589	0.0%	$271.28	0.0%	PUT	122017106
EMPB	EA SERIES TRUST	40,000	$1,153	0.0%	$28.83	—	EFFICIENT MARKET	02072Q887
LAES	SEALSQ CORP	195,114	$756	0.0%	$5.10	0.0%	PUT	G79483106
LAES	SEALSQ CORP	195,114	$738	0.0%	$5.10	0.0%	ORD SHS	G79483106
CCFE	EA SERIES TRUST	20,756	$549	0.0%	$26.45	—	CONCOURSE CAPITL	02072Q515
PM	PHILIP MORRIS INTL INC	3,107	$498	0.0%	$153.57	0.0%	COM	718172109
PM	PHILIP MORRIS INTL INC	3,107	$497	0.0%	$153.57	0.0%	PUT	718172109
TOV	EA SERIES TRUST	9,985	$286	0.0%	$28.68	—	JLENS 500 JEWISH	02072Q846
AGGA	EA SERIES TRUST	10,977	$278	0.0%	$25.29	—	EA ASTORIA DYNMC	02072Q663
BBAI	BIGBEAR AI HLDGS INC	49,938	$270	0.0%	$6.53	0.0%	PUT	08975B109
BBAI	BIGBEAR AI HLDGS INC	49,938	$270	0.0%	$6.53	0.0%	COM	08975B109
NNE	NANO NUCLEAR ENERGY INC	10,650	$259	0.0%	$38.28	0.0%	PUT	63010H108
NNE	NANO NUCLEAR ENERGY INC	10,650	$256	0.0%	$38.28	0.0%	COM	63010H108
AIPO	TIDAL TRUST II	11,318	$250	0.0%	$22.12	—	DEFIANCE AI & PW	88636R479
GRNY	TIDAL TRUST I	8,443	$209	0.0%	$24.76	—	FUNDSTRAT GRANNY	886364231
SMU	INVESTMENT MANAGERS SER TR	15,000	$155	0.0%	$10.33	—	TRADR 2X LONG	46152A726
AIRS	AIRSCULPT TECHNOLOGIES INC	49,394	$99	0.0%	$6.07	0.0%	PUT	009496100
AIRS	AIRSCULPT TECHNOLOGIES INC	49,394	$98	0.0%	$6.07	0.0%	COM	009496100

Increased Positions (42)

IWM ISHARES TR 7.4%

Value ($000) $267,460 (+72.8%) Shares 1,086,531 (+69.9%) Est. Cost $225.04 Unrealized —

QQQ INVESCO QQQ TR 8.8%

Value ($000) $319,978 (+27.6%) Shares 520,874 (+24.7%) Est. Cost $515.50 Unrealized —

META META PLATFORMS INC 1.9%

Value ($000) $67,631 (+267.1%) Shares 102,457 (+308.4%) Est. Cost $685.91 Unrealized -2.7%

META META PLATFORMS INC 1.9%

Value ($000) $67,329 (+266.7%) Shares 307,371 (+1129.5%) Est. Cost $685.91 Unrealized -2.7%

GOOGL ALPHABET INC 1.7%

Value ($000) $62,956 (+244.4%) Shares 201,138 (+167.5%) Est. Cost $244.59 Unrealized +16.8%

GOOGL ALPHABET INC 1.7%

Value ($000) $62,600 (+243.3%) Shares 804,552 (+972.7%) Est. Cost $244.59 Unrealized +16.8%

AMZN AMAZON COM INC 1.4%

Value ($000) $52,198 (+308.5%) Shares 226,143 (+288.6%) Est. Cost $228.16 Unrealized +0.3%

AMZN AMAZON COM INC 1.4%

Value ($000) $51,935 (+309.2%) Shares 678,429 (+1073.8%) Est. Cost $228.16 Unrealized +0.3%

AVGO BROADCOM INC 2.1%

Value ($000) $76,650 (+54.5%) Shares 221,468 (+47.3%) Est. Cost $233.52 Unrealized +52.9%

AVGO BROADCOM INC 2.1%

Value ($000) $76,142 (+53.9%) Shares 221,468 (+47.6%) Est. Cost $233.52 Unrealized +52.9%

MSFT MICROSOFT CORP 1.0%

Value ($000) $36,368 (+180.2%) Shares 75,200 (+200.1%) Est. Cost $474.20 Unrealized +5.6%

MSFT MICROSOFT CORP 1.0%

Value ($000) $36,272 (+180.1%) Shares 225,600 (+802.4%) Est. Cost $474.20 Unrealized +5.6%

NVDA NVIDIA CORPORATION 0.9%

Value ($000) $32,638 (+249.8%) Shares 526,275 (+952.5%) Est. Cost $182.71 Unrealized +1.9%

NVDA NVIDIA CORPORATION 0.9%

Value ($000) $32,717 (+245.6%) Shares 175,425 (+245.7%) Est. Cost $182.71 Unrealized +1.9%

AAPL APPLE INC 0.9%

Value ($000) $33,983 (-33.3%) Shares 250,580 (+25.3%) Est. Cost $233.86 Unrealized +14.7%

BABA ALIBABA GROUP HLDG LTD 0.7%

Value ($000) $25,712 (+187.0%) Shares 175,413 (+250.0%) Est. Cost $128.93 Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.7%

Value ($000) $25,652 (+187.0%) Shares 175,413 (+250.8%) Est. Cost $128.93 Unrealized —

CRM SALESFORCE INC 0.4%

Value ($000) $13,278 (+354.4%) Shares 50,123 (+306.5%) Est. Cost $252.56 Unrealized -1.7%

CRM SALESFORCE INC 0.4%

Value ($000) $13,246 (+354.4%) Shares 50,123 (+307.5%) Est. Cost $252.56 Unrealized -1.7%

AAPL APPLE INC 0.9%

Value ($000) $34,061 (+32.4%) Shares 125,290 (+24.0%) Est. Cost $233.86 Unrealized +14.7%

JNJ JOHNSON & JOHNSON 0.3%

Value ($000) $10,454 (+357.3%) Shares 50,514 (+309.7%) Est. Cost $185.74 Unrealized +6.1%

JNJ JOHNSON & JOHNSON 0.3%

Value ($000) $10,348 (+353.7%) Shares 50,514 (+310.7%) Est. Cost $185.74 Unrealized +6.1%

FXI ISHARES TR 0.4%

Value ($000) $13,402 (-34.8%) Shares 702,976 (+40.6%) Est. Cost $39.03 Unrealized —

BIDU BAIDU INC 0.5%

Value ($000) $19,599 (+48.7%) Shares 300,704 (+200.7%) Est. Cost $131.40 Unrealized —

BIDU BAIDU INC 0.5%

Value ($000) $19,645 (+48.1%) Shares 150,352 (+49.3%) Est. Cost $131.40 Unrealized —

WMT WALMART INC 0.3%

Value ($000) $11,809 (+105.1%) Shares 105,993 (+89.7%) Est. Cost $95.92 Unrealized +11.8%

WMT WALMART INC 0.3%

Value ($000) $11,754 (+105.5%) Shares 211,986 (+282.0%) Est. Cost $95.92 Unrealized +11.8%

IREN IREN LIMITED 1.6%

Value ($000) $59,167 (+9.6%) Shares 4,284,564 (+272.6%) Est. Cost $29.38 Unrealized +75.6%

BA BOEING CO 0.3%

Value ($000) $10,882 (+77.1%) Shares 50,120 (+76.1%) Est. Cost $216.91 Unrealized -5.2%

BA BOEING CO 0.3%

Value ($000) $10,856 (+77.1%) Shares 50,120 (+76.5%) Est. Cost $216.91 Unrealized -5.2%

GPIQ GOLDMAN SACHS ETF TR 0.3%

Value ($000) $11,103 (+41.1%) Shares 210,000 (+40.0%) Est. Cost $50.68 Unrealized —

JCI JOHNSON CTLS INTL PLC 0.1%

Value ($000) $2,515 (+100.6%) Shares 21,045 (+84.6%) Est. Cost $110.44 Unrealized +4.0%

JCI JOHNSON CTLS INTL PLC 0.1%

Value ($000) $2,528 (+98.4%) Shares 21,111 (+82.1%) Est. Cost $110.44 Unrealized +4.0%

IREN IREN LIMITED 1.5%

Value ($000) $53,943 (-1.1%) Shares 1,428,188 (+22.9%) Est. Cost $29.38 Unrealized +75.6%

HON HONEYWELL INTL INC 0.1%

Value ($000) $5,072 (-6.6%) Shares 26,249 (+1.7%) Est. Cost $202.17 Unrealized -3.5%

HON HONEYWELL INTL INC 0.1%

Value ($000) $5,121 (-5.9%) Shares 26,249 (+1.5%) Est. Cost $202.17 Unrealized -3.5%

QQWZ PACER FDS TR 0.0%

Value ($000) $540 (+123.9%) Shares 21,533 (+120.7%) Est. Cost $24.03 Unrealized —

LOGO TIDAL TRUST III 0.0%

Value ($000) $606 (+84.8%) Shares 28,884 (+93.9%) Est. Cost $20.85 Unrealized —

CHGX EA SERIES TRUST 0.0%

Value ($000) $373 (+66.0%) Shares 13,712 (+66.8%) Est. Cost $26.52 Unrealized —

BYND BEYOND MEAT INC 0.0%

Value ($000) $207 (+143.4%) Shares 995,024 (+2111.2%) Est. Cost $1.80 Unrealized -22.6%

BYND BEYOND MEAT INC 0.0%

Value ($000) $204 (+145.4%) Shares 248,756 (+465.7%) Est. Cost $1.80 Unrealized -22.6%

LENS EA SERIES TRUST 0.0%

Value ($000) $390 (+17.1%) Shares 10,095 (+2.0%) Est. Cost $33.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	1,086,531 (+69.9%)	$267,460 (+72.8%)	7.4%	$225.04	—	RUSSELL 2000 ETF	464287655
QQQ	INVESCO QQQ TR	520,874 (+24.7%)	$319,978 (+27.6%)	8.8%	$515.50	—	UNIT SER 1	46090E103
META	META PLATFORMS INC	102,457 (+308.4%)	$67,631 (+267.1%)	1.9%	$685.91	-2.7%	CL A	30303M102
META	META PLATFORMS INC	307,371 (+1129.5%)	$67,329 (+266.7%)	1.9%	$685.91	-2.7%	PUT	30303M102
GOOGL	ALPHABET INC	201,138 (+167.5%)	$62,956 (+244.4%)	1.7%	$244.59	+16.8%	CAP STK CL A	02079K305
GOOGL	ALPHABET INC	804,552 (+972.7%)	$62,600 (+243.3%)	1.7%	$244.59	+16.8%	PUT	02079K305
AMZN	AMAZON COM INC	226,143 (+288.6%)	$52,198 (+308.5%)	1.4%	$228.16	+0.3%	COM	023135106
AMZN	AMAZON COM INC	678,429 (+1073.8%)	$51,935 (+309.2%)	1.4%	$228.16	+0.3%	PUT	023135106
AVGO	BROADCOM INC	221,468 (+47.3%)	$76,650 (+54.5%)	2.1%	$233.52	+52.9%	COM	11135F101
AVGO	BROADCOM INC	221,468 (+47.6%)	$76,142 (+53.9%)	2.1%	$233.52	+52.9%	PUT	11135F101
MSFT	MICROSOFT CORP	75,200 (+200.1%)	$36,368 (+180.2%)	1.0%	$474.20	+5.6%	COM	594918104
MSFT	MICROSOFT CORP	225,600 (+802.4%)	$36,272 (+180.1%)	1.0%	$474.20	+5.6%	PUT	594918104
NVDA	NVIDIA CORPORATION	526,275 (+952.5%)	$32,638 (+249.8%)	0.9%	$182.71	+1.9%	PUT	67066G104
NVDA	NVIDIA CORPORATION	175,425 (+245.7%)	$32,717 (+245.6%)	0.9%	$182.71	+1.9%	COM	67066G104
AAPL	APPLE INC	250,580 (+25.3%)	$33,983 (-33.3%)	0.9%	$233.86	+14.7%	PUT	037833100
BABA	ALIBABA GROUP HLDG LTD	175,413 (+250.0%)	$25,712 (+187.0%)	0.7%	$128.93	—	SPONSORED ADS	01609W102
BABA	ALIBABA GROUP HLDG LTD	175,413 (+250.8%)	$25,652 (+187.0%)	0.7%	$128.93	—	PUT	01609W102
CRM	SALESFORCE INC	50,123 (+306.5%)	$13,278 (+354.4%)	0.4%	$252.56	-1.7%	COM	79466L302
CRM	SALESFORCE INC	50,123 (+307.5%)	$13,246 (+354.4%)	0.4%	$252.56	-1.7%	PUT	79466L302
AAPL	APPLE INC	125,290 (+24.0%)	$34,061 (+32.4%)	0.9%	$233.86	+14.7%	COM	037833100
JNJ	JOHNSON & JOHNSON	50,514 (+309.7%)	$10,454 (+357.3%)	0.3%	$185.74	+6.1%	COM	478160104
JNJ	JOHNSON & JOHNSON	50,514 (+310.7%)	$10,348 (+353.7%)	0.3%	$185.74	+6.1%	PUT	478160104
FXI	ISHARES TR	702,976 (+40.6%)	$13,402 (-34.8%)	0.4%	$39.03	—	PUT	464287184
BIDU	BAIDU INC	300,704 (+200.7%)	$19,599 (+48.7%)	0.5%	$131.40	—	PUT	056752108
BIDU	BAIDU INC	150,352 (+49.3%)	$19,645 (+48.1%)	0.5%	$131.40	—	SPON ADR REP A	056752108
WMT	WALMART INC	105,993 (+89.7%)	$11,809 (+105.1%)	0.3%	$95.92	+11.8%	COM	931142103
WMT	WALMART INC	211,986 (+282.0%)	$11,754 (+105.5%)	0.3%	$95.92	+11.8%	PUT	931142103
IREN	IREN LIMITED	4,284,564 (+272.6%)	$59,167 (+9.6%)	1.6%	$29.38	+75.6%	PUT	Q4982L109
BA	BOEING CO	50,120 (+76.1%)	$10,882 (+77.1%)	0.3%	$216.91	-5.2%	COM	097023105
BA	BOEING CO	50,120 (+76.5%)	$10,856 (+77.1%)	0.3%	$216.91	-5.2%	PUT	097023105
GPIQ	GOLDMAN SACHS ETF TR	210,000 (+40.0%)	$11,103 (+41.1%)	0.3%	$50.68	—	NASDAQ-100 PREMI	38149W630
JCI	JOHNSON CTLS INTL PLC	21,045 (+84.6%)	$2,515 (+100.6%)	0.1%	$110.44	+4.0%	PUT	G51502105
JCI	JOHNSON CTLS INTL PLC	21,111 (+82.1%)	$2,528 (+98.4%)	0.1%	$110.44	+4.0%	SHS	G51502105
IREN	IREN LIMITED	1,428,188 (+22.9%)	$53,943 (-1.1%)	1.5%	$29.38	+75.6%	ORDINARY SHARES	Q4982L109
HON	HONEYWELL INTL INC	26,249 (+1.7%)	$5,072 (-6.6%)	0.1%	$202.17	-3.5%	PUT	438516106
HON	HONEYWELL INTL INC	26,249 (+1.5%)	$5,121 (-5.9%)	0.1%	$202.17	-3.5%	COM	438516106
QQWZ	PACER FDS TR	21,533 (+120.7%)	$540 (+123.9%)	0.0%	$24.03	—	PACER CASH COWZ	69374H246
LOGO	TIDAL TRUST III	28,884 (+93.9%)	$606 (+84.8%)	0.0%	$20.85	—	ALPHA BRANDS	45259A449
CHGX	EA SERIES TRUST	13,712 (+66.8%)	$373 (+66.0%)	0.0%	$26.52	—	STANCE SUSTAINAB	02072L151
BYND	BEYOND MEAT INC	995,024 (+2111.2%)	$207 (+143.4%)	0.0%	$1.80	-22.6%	PUT	08862E109
BYND	BEYOND MEAT INC	248,756 (+465.7%)	$204 (+145.4%)	0.0%	$1.80	-22.6%	COM	08862E109
LENS	EA SERIES TRUST	10,095 (+2.0%)	$390 (+17.1%)	0.0%	$33.76	—	SARMAYA THEMATIC	02072Q796

Exited Positions (55)

QQQ INVESCO QQQ TR 1.7%

Value ($000) $60,037 Shares 100,000 Est. Cost $515.50 Unrealized —

AAPL APPLE INC 0.7%

Value ($000) $25,463 Shares 100,000 Est. Cost $233.86 Unrealized +14.7%

DELL DELL TECHNOLOGIES INC 0.6%

Value ($000) $21,348 Shares 150,584 Est. Cost $129.18 Unrealized +9.0%

DELL DELL TECHNOLOGIES INC 0.6%

Value ($000) $21,266 Shares 150,000 Est. Cost $129.18 Unrealized +9.0%

PEP PEPSICO INC 0.5%

Value ($000) $17,681 Shares 125,895 Est. Cost $136.69 Unrealized +6.7%

PEP PEPSICO INC 0.5%

Value ($000) $17,555 Shares 125,000 Est. Cost $136.69 Unrealized +6.7%

GEV GE VERNOVA INC 0.4%

Value ($000) $15,427 Shares 25,089 Est. Cost $605.52 Unrealized +0.6%

GEV GE VERNOVA INC 0.4%

Value ($000) $15,373 Shares 25,000 Est. Cost $605.52 Unrealized +0.6%

CI THE CIGNA GROUP 0.4%

Value ($000) $14,449 Shares 50,125 Est. Cost $317.87 Unrealized -12.2%

CI THE CIGNA GROUP 0.4%

Value ($000) $14,413 Shares 50,000 Est. Cost $317.87 Unrealized -12.2%

KRE SPDR SERIES TRUST 0.4%

Value ($000) $12,741 Shares 201,277 Est. Cost $60.06 Unrealized —

KRE SPDR SERIES TRUST 0.3%

Value ($000) $12,660 Shares 200,000 Est. Cost $60.06 Unrealized —

CTEF EA SERIES TRUST 0.3%

Value ($000) $9,769 Shares 150,000 Est. Cost $65.13 Unrealized —

ISRG INTUITIVE SURGICAL INC 0.2%

Value ($000) $8,967 Shares 20,049 Est. Cost $479.87 Unrealized +10.9%

ISRG INTUITIVE SURGICAL INC 0.2%

Value ($000) $8,945 Shares 20,000 Est. Cost $479.87 Unrealized +10.9%

ALAI THE ALGER ETF TRUST 0.2%

Value ($000) $8,438 Shares 225,000 Est. Cost $37.50 Unrealized —

ABBV ABBVIE INC 0.2%

Value ($000) $6,964 Shares 30,075 Est. Cost $191.63 Unrealized +18.7%

ABBV ABBVIE INC 0.2%

Value ($000) $6,946 Shares 30,000 Est. Cost $191.63 Unrealized +18.7%

ITA ISHARES TR 0.1%

Value ($000) $5,243 Shares 25,055 Est. Cost $209.26 Unrealized —

ITA ISHARES TR 0.1%

Value ($000) $5,232 Shares 25,000 Est. Cost $209.26 Unrealized —

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $4,176 Shares 4,511 Est. Cost $956.70 Unrealized -5.3%

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $4,165 Shares 4,500 Est. Cost $956.70 Unrealized -5.3%

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $3,970 Shares 12,585 Est. Cost $295.93 Unrealized +4.6%

LCID LUCID GROUP INC 0.1%

Value ($000) $3,952 Shares 166,100 Est. Cost $22.60 Unrealized -29.3%

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $3,943 Shares 12,500 Est. Cost $295.93 Unrealized +4.6%

LCID LUCID GROUP INC 0.1%

Value ($000) $3,914 Shares 164,534 Est. Cost $22.60 Unrealized -29.3%

DSPY TEMA ETF TRUST 0.1%

Value ($000) $3,269 Shares 57,216 Est. Cost $55.32 Unrealized —

UNP UNION PAC CORP 0.1%

Value ($000) $3,080 Shares 13,032 Est. Cost $223.15 Unrealized +1.9%

UNP UNION PAC CORP 0.1%

Value ($000) $3,073 Shares 13,000 Est. Cost $223.15 Unrealized +1.9%

MRNA MODERNA INC 0.1%

Value ($000) $2,926 Shares 113,276 Est. Cost $27.90 Unrealized -2.6%

MRNA MODERNA INC 0.1%

Value ($000) $2,919 Shares 113,000 Est. Cost $27.90 Unrealized -2.6%

EOSE EOS ENERGY ENTERPRISES INC 0.1%

Value ($000) $2,907 Shares 255,206 Est. Cost $6.84 Unrealized +110.1%

EOSE EOS ENERGY ENTERPRISES INC 0.1%

Value ($000) $2,907 Shares 255,200 Est. Cost $6.84 Unrealized +110.1%

— INVESTMENT MANAGERS SER TR I 0.1%

Value ($000) $2,510 Shares 160,000 Est. Cost $15.69 Unrealized —

EXE EXPAND ENERGY CORPORATION 0.1%

Value ($000) $2,471 Shares 23,255 Est. Cost $105.42 Unrealized +4.9%

JETS ETF SER SOLUTIONS 0.1%

Value ($000) $2,465 Shares 100,000 Est. Cost $20.77 Unrealized —

EXE EXPAND ENERGY CORPORATION 0.1%

Value ($000) $2,465 Shares 23,200 Est. Cost $105.42 Unrealized +4.9%

JETS ETF SER SOLUTIONS 0.1%

Value ($000) $2,465 Shares 99,987 Est. Cost $20.77 Unrealized —

EQT EQT CORP 0.1%

Value ($000) $2,379 Shares 43,704 Est. Cost $52.61 Unrealized +6.7%

EQT EQT CORP 0.1%

Value ($000) $2,373 Shares 43,600 Est. Cost $52.61 Unrealized +6.7%

LUV SOUTHWEST AIRLS CO 0.0%

Value ($000) $1,600 Shares 50,126 Est. Cost $32.43 Unrealized +7.3%

LUV SOUTHWEST AIRLS CO 0.0%

Value ($000) $1,596 Shares 50,000 Est. Cost $32.43 Unrealized +7.3%

EBAY EBAY INC. 0.0%

Value ($000) $1,532 Shares 16,840 Est. Cost $87.96 Unrealized -1.8%

EBAY EBAY INC. 0.0%

Value ($000) $1,528 Shares 16,800 Est. Cost $87.96 Unrealized -1.8%

QUBT QUANTUM COMPUTING INC 0.0%

Value ($000) $1,421 Shares 77,200 Est. Cost $11.02 Unrealized +29.1%

QUBT QUANTUM COMPUTING INC 0.0%

Value ($000) $1,416 Shares 76,908 Est. Cost $11.02 Unrealized +29.1%

— INVESTMENT MANAGERS SER TR I 0.0%

Value ($000) $1,273 Shares 60,000 Est. Cost $21.22 Unrealized —

— INVESTMENT MANAGERS SER TR 0.0%

Value ($000) $1,194 Shares 60,000 Est. Cost $19.90 Unrealized —

RDTL GRANITESHARES ETF TR 0.0%

Value ($000) $1,169 Shares 20,000 Est. Cost $58.46 Unrealized —

TCV EA SERIES TRUST 0.0%

Value ($000) $626 Shares 24,504 Est. Cost $25.55 Unrealized —

THRV THRIVE SERIES TRUST 0.0%

Value ($000) $475 Shares 18,986 Est. Cost $25.00 Unrealized —

LASE LASER PHOTONICS CORP 0.0%

Value ($000) $387 Shares 89,700 Est. Cost $3.23 Unrealized +4.0%

SPCE VIRGIN GALACTIC HOLDINGS INC 0.0%

Value ($000) $386 Shares 100,000 Est. Cost $3.35 Unrealized +12.4%

SPCE VIRGIN GALACTIC HOLDINGS INC 0.0%

Value ($000) $381 Shares 98,654 Est. Cost $3.35 Unrealized +12.4%

LASE LASER PHOTONICS CORP 0.0%

Value ($000) $369 Shares 85,656 Est. Cost $3.23 Unrealized +4.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	100,000	$60,037	1.7%	$515.50	—	CALL	46090E103
AAPL	APPLE INC	100,000	$25,463	0.7%	$233.86	+14.7%	CALL	037833100
DELL	DELL TECHNOLOGIES INC	150,584	$21,348	0.6%	$129.18	+9.0%	—	24703L202
DELL	DELL TECHNOLOGIES INC	150,000	$21,266	0.6%	$129.18	+9.0%	PUT	24703L202
PEP	PEPSICO INC	125,895	$17,681	0.5%	$136.69	+6.7%	—	713448108
PEP	PEPSICO INC	125,000	$17,555	0.5%	$136.69	+6.7%	PUT	713448108
GEV	GE VERNOVA INC	25,089	$15,427	0.4%	$605.52	+0.6%	—	36828A101
GEV	GE VERNOVA INC	25,000	$15,373	0.4%	$605.52	+0.6%	PUT	36828A101
CI	THE CIGNA GROUP	50,125	$14,449	0.4%	$317.87	-12.2%	—	125523100
CI	THE CIGNA GROUP	50,000	$14,413	0.4%	$317.87	-12.2%	PUT	125523100
KRE	SPDR SERIES TRUST	201,277	$12,741	0.4%	$60.06	—	—	78464A698
KRE	SPDR SERIES TRUST	200,000	$12,660	0.3%	$60.06	—	PUT	78464A698
CTEF	EA SERIES TRUST	150,000	$9,769	0.3%	$65.13	—	—	02072Q499
ISRG	INTUITIVE SURGICAL INC	20,049	$8,967	0.2%	$479.87	+10.9%	—	46120E602
ISRG	INTUITIVE SURGICAL INC	20,000	$8,945	0.2%	$479.87	+10.9%	PUT	46120E602
ALAI	THE ALGER ETF TRUST	225,000	$8,438	0.2%	$37.50	—	—	015564503
ABBV	ABBVIE INC	30,075	$6,964	0.2%	$191.63	+18.7%	—	00287Y109
ABBV	ABBVIE INC	30,000	$6,946	0.2%	$191.63	+18.7%	PUT	00287Y109
ITA	ISHARES TR	25,055	$5,243	0.1%	$209.26	—	—	464288760
ITA	ISHARES TR	25,000	$5,232	0.1%	$209.26	—	PUT	464288760
COST	COSTCO WHSL CORP NEW	4,511	$4,176	0.1%	$956.70	-5.3%	—	22160K105
COST	COSTCO WHSL CORP NEW	4,500	$4,165	0.1%	$956.70	-5.3%	PUT	22160K105
JPM	JPMORGAN CHASE & CO.	12,585	$3,970	0.1%	$295.93	+4.6%	—	46625H100
LCID	LUCID GROUP INC	166,100	$3,952	0.1%	$22.60	-29.3%	PUT	549498202
JPM	JPMORGAN CHASE & CO.	12,500	$3,943	0.1%	$295.93	+4.6%	PUT	46625H100
LCID	LUCID GROUP INC	164,534	$3,914	0.1%	$22.60	-29.3%	—	549498202
DSPY	TEMA ETF TRUST	57,216	$3,269	0.1%	$55.32	—	—	87975E826
UNP	UNION PAC CORP	13,032	$3,080	0.1%	$223.15	+1.9%	—	907818108
UNP	UNION PAC CORP	13,000	$3,073	0.1%	$223.15	+1.9%	PUT	907818108
MRNA	MODERNA INC	113,276	$2,926	0.1%	$27.90	-2.6%	—	60770K107
MRNA	MODERNA INC	113,000	$2,919	0.1%	$27.90	-2.6%	PUT	60770K107
EOSE	EOS ENERGY ENTERPRISES INC	255,206	$2,907	0.1%	$6.84	+110.1%	—	29415C101
EOSE	EOS ENERGY ENTERPRISES INC	255,200	$2,907	0.1%	$6.84	+110.1%	PUT	29415C101
—	INVESTMENT MANAGERS SER TR I	160,000	$2,510	0.1%	$15.69	—	—	46092D772
EXE	EXPAND ENERGY CORPORATION	23,255	$2,471	0.1%	$105.42	+4.9%	—	165167735
JETS	ETF SER SOLUTIONS	100,000	$2,465	0.1%	$20.77	—	PUT	26922A842
EXE	EXPAND ENERGY CORPORATION	23,200	$2,465	0.1%	$105.42	+4.9%	PUT	165167735
JETS	ETF SER SOLUTIONS	99,987	$2,465	0.1%	$20.77	—	—	26922A842
EQT	EQT CORP	43,704	$2,379	0.1%	$52.61	+6.7%	—	26884L109
EQT	EQT CORP	43,600	$2,373	0.1%	$52.61	+6.7%	PUT	26884L109
LUV	SOUTHWEST AIRLS CO	50,126	$1,600	0.0%	$32.43	+7.3%	—	844741108
LUV	SOUTHWEST AIRLS CO	50,000	$1,596	0.0%	$32.43	+7.3%	PUT	844741108
EBAY	EBAY INC.	16,840	$1,532	0.0%	$87.96	-1.8%	—	278642103
EBAY	EBAY INC.	16,800	$1,528	0.0%	$87.96	-1.8%	PUT	278642103
QUBT	QUANTUM COMPUTING INC	77,200	$1,421	0.0%	$11.02	+29.1%	PUT	74766W108
QUBT	QUANTUM COMPUTING INC	76,908	$1,416	0.0%	$11.02	+29.1%	—	74766W108
—	INVESTMENT MANAGERS SER TR I	60,000	$1,273	0.0%	$21.22	—	—	46092D764
—	INVESTMENT MANAGERS SER TR	60,000	$1,194	0.0%	$19.90	—	—	46143U492
RDTL	GRANITESHARES ETF TR	20,000	$1,169	0.0%	$58.46	—	—	38747R496
TCV	EA SERIES TRUST	24,504	$626	0.0%	$25.55	—	—	02072Q432
THRV	THRIVE SERIES TRUST	18,986	$475	0.0%	$25.00	—	—	88588B100
LASE	LASER PHOTONICS CORP	89,700	$387	0.0%	$3.23	+4.0%	PUT	51807Q100
SPCE	VIRGIN GALACTIC HOLDINGS INC	100,000	$386	0.0%	$3.35	+12.4%	PUT	92766K403
SPCE	VIRGIN GALACTIC HOLDINGS INC	98,654	$381	0.0%	$3.35	+12.4%	—	92766K403
LASE	LASER PHOTONICS CORP	85,656	$369	0.0%	$3.23	+4.0%	—	51807Q100

Decreased Positions (23)

XBI SPDR SERIES TRUST 0.3%

Value ($000) $12,193 (-91.9%) Shares 100,000 (-93.3%) Est. Cost $92.87 Unrealized —

BMNR BITMINE IMMERSION TECNOLOGIE 0.3%

Value ($000) $10,887 (-81.0%) Shares 400,989 (-63.6%) Est. Cost $50.65 Unrealized -20.0%

BMNR BITMINE IMMERSION TECNOLOGIE 0.3%

Value ($000) $10,860 (-80.8%) Shares 400,989 (-63.2%) Est. Cost $50.65 Unrealized -20.0%

TSLA TESLA INC 0.6%

Value ($000) $22,486 (-66.3%) Shares 101,568 (-32.3%) Est. Cost $333.26 Unrealized +33.0%

TSLA TESLA INC 0.6%

Value ($000) $22,839 (-65.8%) Shares 50,784 (-66.2%) Est. Cost $333.26 Unrealized +33.0%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.8%

Value ($000) $30,524 (-56.6%) Shares 100,444 (-60.1%) Est. Cost $246.87 Unrealized —

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.8%

Value ($000) $30,389 (-56.5%) Shares 200,888 (-19.6%) Est. Cost $246.87 Unrealized —

LIN LINDE PLC 0.3%

Value ($000) $10,730 (-55.1%) Shares 25,164 (-50.0%) Est. Cost $470.63 Unrealized -9.2%

LIN LINDE PLC 0.3%

Value ($000) $10,660 (-55.1%) Shares 25,164 (-49.7%) Est. Cost $470.63 Unrealized -9.2%

GOOG ALPHABET INC 0.6%

Value ($000) $23,592 (-35.6%) Shares 75,181 (-50.0%) Est. Cost $194.78 Unrealized +47.0%

KO COCA COLA CO 0.1%

Value ($000) $2,628 (-73.7%) Shares 37,587 (-75.0%) Est. Cost $68.08 Unrealized +1.9%

KO COCA COLA CO 0.1%

Value ($000) $2,622 (-73.6%) Shares 37,587 (-74.9%) Est. Cost $68.08 Unrealized +1.9%

FXI ISHARES TR 0.4%

Value ($000) $13,458 (-35.0%) Shares 351,488 (-30.1%) Est. Cost $39.03 Unrealized —

V VISA INC 0.3%

Value ($000) $10,543 (-38.4%) Shares 30,063 (-40.0%) Est. Cost $345.14 Unrealized -1.4%

V VISA INC 0.3%

Value ($000) $10,521 (-38.4%) Shares 30,063 (-39.9%) Est. Cost $345.14 Unrealized -1.4%

MU MICRON TECHNOLOGY INC 0.6%

Value ($000) $21,548 (+27.9%) Shares 75,497 (-25.0%) Est. Cost $123.51 Unrealized +85.7%

MU MICRON TECHNOLOGY INC 0.6%

Value ($000) $21,406 (+27.9%) Shares 75,497 (-24.5%) Est. Cost $123.51 Unrealized +85.7%

HD HOME DEPOT INC 0.2%

Value ($000) $6,882 (-32.1%) Shares 20,122 (-19.5%) Est. Cost $380.72 Unrealized -4.2%

HD HOME DEPOT INC 0.2%

Value ($000) $6,924 (-31.8%) Shares 20,122 (-19.7%) Est. Cost $380.72 Unrealized -4.2%

AMGN AMGEN INC 0.2%

Value ($000) $7,364 (-25.4%) Shares 22,723 (-35.1%) Est. Cost $286.59 Unrealized +10.2%

AMGN AMGEN INC 0.2%

Value ($000) $7,437 (-24.9%) Shares 22,723 (-35.2%) Est. Cost $286.59 Unrealized +10.2%

BEEX TIDAL TRUST III 0.0%

Value ($000) $594 (-16.7%) Shares 22,998 (-17.4%) Est. Cost $22.81 Unrealized —

ROPE EA SERIES TRUST 0.0%

Value ($000) $443 (-7.7%) Shares 16,377 (-10.4%) Est. Cost $25.88 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XBI	SPDR SERIES TRUST	100,000 (-93.3%)	$12,193 (-91.9%)	0.3%	$92.87	—	STATE STREET SPD	78464A870
BMNR	BITMINE IMMERSION TECNOLOGIE	400,989 (-63.6%)	$10,887 (-81.0%)	0.3%	$50.65	-20.0%	COM NEW	09175A206
BMNR	BITMINE IMMERSION TECNOLOGIE	400,989 (-63.2%)	$10,860 (-80.8%)	0.3%	$50.65	-20.0%	PUT	09175A206
TSLA	TESLA INC	101,568 (-32.3%)	$22,486 (-66.3%)	0.6%	$333.26	+33.0%	PUT	88160R101
TSLA	TESLA INC	50,784 (-66.2%)	$22,839 (-65.8%)	0.6%	$333.26	+33.0%	COM	88160R101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	100,444 (-60.1%)	$30,524 (-56.6%)	0.8%	$246.87	—	SPONSORED ADS	874039100
TSM	TAIWAN SEMICONDUCTOR MFG LTD	200,888 (-19.6%)	$30,389 (-56.5%)	0.8%	$246.87	—	PUT	874039100
LIN	LINDE PLC	25,164 (-50.0%)	$10,730 (-55.1%)	0.3%	$470.63	-9.2%	SHS	G54950103
LIN	LINDE PLC	25,164 (-49.7%)	$10,660 (-55.1%)	0.3%	$470.63	-9.2%	PUT	G54950103
GOOG	ALPHABET INC	75,181 (-50.0%)	$23,592 (-35.6%)	0.6%	$194.78	+47.0%	CAP STK CL C	02079K107
KO	COCA COLA CO	37,587 (-75.0%)	$2,628 (-73.7%)	0.1%	$68.08	+1.9%	COM	191216100
KO	COCA COLA CO	37,587 (-74.9%)	$2,622 (-73.6%)	0.1%	$68.08	+1.9%	PUT	191216100
FXI	ISHARES TR	351,488 (-30.1%)	$13,458 (-35.0%)	0.4%	$39.03	—	CHINA LG-CAP ETF	464287184
V	VISA INC	30,063 (-40.0%)	$10,543 (-38.4%)	0.3%	$345.14	-1.4%	COM CL A	92826C839
V	VISA INC	30,063 (-39.9%)	$10,521 (-38.4%)	0.3%	$345.14	-1.4%	PUT	92826C839
MU	MICRON TECHNOLOGY INC	75,497 (-25.0%)	$21,548 (+27.9%)	0.6%	$123.51	+85.7%	COM	595112103
MU	MICRON TECHNOLOGY INC	75,497 (-24.5%)	$21,406 (+27.9%)	0.6%	$123.51	+85.7%	PUT	595112103
HD	HOME DEPOT INC	20,122 (-19.5%)	$6,882 (-32.1%)	0.2%	$380.72	-4.2%	PUT	437076102
HD	HOME DEPOT INC	20,122 (-19.7%)	$6,924 (-31.8%)	0.2%	$380.72	-4.2%	COM	437076102
AMGN	AMGEN INC	22,723 (-35.1%)	$7,364 (-25.4%)	0.2%	$286.59	+10.2%	PUT	031162100
AMGN	AMGEN INC	22,723 (-35.2%)	$7,437 (-24.9%)	0.2%	$286.59	+10.2%	COM	031162100
BEEX	TIDAL TRUST III	22,998 (-17.4%)	$594 (-16.7%)	0.0%	$22.81	—	BEEHIVE ETF	45259A761
ROPE	EA SERIES TRUST	16,377 (-10.4%)	$443 (-7.7%)	0.0%	$25.88	—	COASTAL COMPASS	02072L169

Unchanged Positions (31)

MSTR STRATEGY INC 1.0%

Value ($000) $35,795 Shares 235,571 Est. Cost $317.00 Unrealized -27.4%

MSTR STRATEGY INC 1.0%

Value ($000) $35,708 Shares 235,571 Est. Cost $317.00 Unrealized -27.4%

GOOG ALPHABET INC 0.6%

Value ($000) $23,535 Shares 150,362 Est. Cost $194.78 Unrealized +47.0%

SPY SPDR S&P 500 ETF TR 7.2%

Value ($000) $260,212 Shares 381,587 Est. Cost $582.61 Unrealized —

XHB SPDR SERIES TRUST 1.4%

Value ($000) $51,480 Shares 500,000 Est. Cost $99.83 Unrealized —

XOP SPDR SERIES TRUST 2.3%

Value ($000) $82,069 Shares 650,000 Est. Cost $140.10 Unrealized —

DIA SPDR DOW JONES INDL AVERAGE 2.6%

Value ($000) $96,114 Shares 200,000 Est. Cost $391.13 Unrealized —

UBER UBER TECHNOLOGIES INC 0.2%

Value ($000) $6,143 Shares 75,182 Est. Cost $70.00 Unrealized +28.6%

UBER UBER TECHNOLOGIES INC 0.2%

Value ($000) $6,128 Shares 75,182 Est. Cost $70.00 Unrealized +28.6%

XRT SPDR SERIES TRUST 3.1%

Value ($000) $110,877 Shares 1,300,000 Est. Cost $74.98 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.3%

Value ($000) $11,060 Shares 12,583 Est. Cost $571.74 Unrealized +42.3%

GS GOLDMAN SACHS GROUP INC 0.3%

Value ($000) $10,988 Shares 12,583 Est. Cost $571.74 Unrealized +42.3%

AXP AMERICAN EXPRESS CO 0.3%

Value ($000) $9,269 Shares 25,056 Est. Cost $279.37 Unrealized +27.8%

AXP AMERICAN EXPRESS CO 0.3%

Value ($000) $9,249 Shares 25,056 Est. Cost $279.37 Unrealized +27.8%

XOM EXXON MOBIL CORP 0.3%

Value ($000) $12,154 Shares 100,997 Est. Cost $107.21 Unrealized +7.7%

XOM EXXON MOBIL CORP 0.3%

Value ($000) $12,034 Shares 100,997 Est. Cost $107.21 Unrealized +7.7%

MDY SPDR S&P MIDCAP 400 ETF TR 1.8%

Value ($000) $67,043 Shares 111,131 Est. Cost $581.32 Unrealized —

XLI SELECT SECTOR SPDR TR 2.8%

Value ($000) $100,887 Shares 650,382 Est. Cost $121.87 Unrealized —

TGT TARGET CORP 0.2%

Value ($000) $7,087 Shares 72,665 Est. Cost $96.73 Unrealized -5.3%

TGT TARGET CORP 0.2%

Value ($000) $7,103 Shares 72,665 Est. Cost $96.73 Unrealized -5.3%

UNH UNITEDHEALTH GROUP INC 0.2%

Value ($000) $8,253 Shares 25,167 Est. Cost $526.78 Unrealized -36.0%

GE GE AEROSPACE 0.4%

Value ($000) $15,505 Shares 50,335 Est. Cost $272.69 Unrealized +10.3%

GE GE AEROSPACE 0.4%

Value ($000) $15,402 Shares 50,335 Est. Cost $272.69 Unrealized +10.3%

UNH UNITEDHEALTH GROUP INC 0.2%

Value ($000) $8,308 Shares 25,167 Est. Cost $526.78 Unrealized -36.0%

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $3,967 Shares 27,684 Est. Cost $160.77 Unrealized -8.5%

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $3,941 Shares 27,684 Est. Cost $160.77 Unrealized -8.5%

XLP SELECT SECTOR SPDR TR 0.7%

Value ($000) $27,188 Shares 350,000 Est. Cost $76.58 Unrealized —

QCOM QUALCOMM INC 0.2%

Value ($000) $8,574 Shares 50,123 Est. Cost $162.52 Unrealized +5.1%

QCOM QUALCOMM INC 0.2%

Value ($000) $8,553 Shares 50,123 Est. Cost $162.52 Unrealized +5.1%

MCD MCDONALDS CORP 0.3%

Value ($000) $10,697 Shares 35,236 Est. Cost $303.54 Unrealized +0.5%

MCD MCDONALDS CORP 0.3%

Value ($000) $10,769 Shares 35,236 Est. Cost $303.54 Unrealized +0.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSTR	STRATEGY INC	235,571	$35,795	1.0%	$317.00	-27.4%	CL A NEW	594972408
MSTR	STRATEGY INC	235,571	$35,708	1.0%	$317.00	-27.4%	PUT	594972408
GOOG	ALPHABET INC	150,362	$23,535	0.6%	$194.78	+47.0%	PUT	02079K107
SPY	SPDR S&P 500 ETF TR	381,587	$260,212	7.2%	$582.61	—	TR UNIT	78462F103
XHB	SPDR SERIES TRUST	500,000	$51,480	1.4%	$99.83	—	STATE STREET SPD	78464A888
XOP	SPDR SERIES TRUST	650,000	$82,069	2.3%	$140.10	—	STATE STREET SPD	78468R556
DIA	SPDR DOW JONES INDL AVERAGE	200,000	$96,114	2.6%	$391.13	—	UT SER 1	78467X109
UBER	UBER TECHNOLOGIES INC	75,182	$6,143	0.2%	$70.00	+28.6%	COM	90353T100
UBER	UBER TECHNOLOGIES INC	75,182	$6,128	0.2%	$70.00	+28.6%	PUT	90353T100
XRT	SPDR SERIES TRUST	1,300,000	$110,877	3.1%	$74.98	—	STATE STREET SPD	78464A714
GS	GOLDMAN SACHS GROUP INC	12,583	$11,060	0.3%	$571.74	+42.3%	COM	38141G104
GS	GOLDMAN SACHS GROUP INC	12,583	$10,988	0.3%	$571.74	+42.3%	PUT	38141G104
AXP	AMERICAN EXPRESS CO	25,056	$9,269	0.3%	$279.37	+27.8%	COM	025816109
AXP	AMERICAN EXPRESS CO	25,056	$9,249	0.3%	$279.37	+27.8%	PUT	025816109
XOM	EXXON MOBIL CORP	100,997	$12,154	0.3%	$107.21	+7.7%	COM	30231G102
XOM	EXXON MOBIL CORP	100,997	$12,034	0.3%	$107.21	+7.7%	PUT	30231G102
MDY	SPDR S&P MIDCAP 400 ETF TR	111,131	$67,043	1.8%	$581.32	—	UTSER1 S&PDCRP	78467Y107
XLI	SELECT SECTOR SPDR TR	650,382	$100,887	2.8%	$121.87	—	STATE STREET IND	81369Y704
TGT	TARGET CORP	72,665	$7,087	0.2%	$96.73	-5.3%	PUT	87612E106
TGT	TARGET CORP	72,665	$7,103	0.2%	$96.73	-5.3%	COM	87612E106
UNH	UNITEDHEALTH GROUP INC	25,167	$8,253	0.2%	$526.78	-36.0%	PUT	91324P102
GE	GE AEROSPACE	50,335	$15,505	0.4%	$272.69	+10.3%	COM NEW	369604301
GE	GE AEROSPACE	50,335	$15,402	0.4%	$272.69	+10.3%	PUT	369604301
UNH	UNITEDHEALTH GROUP INC	25,167	$8,308	0.2%	$526.78	-36.0%	COM	91324P102
PG	PROCTER AND GAMBLE CO	27,684	$3,967	0.1%	$160.77	-8.5%	COM	742718109
PG	PROCTER AND GAMBLE CO	27,684	$3,941	0.1%	$160.77	-8.5%	PUT	742718109
XLP	SELECT SECTOR SPDR TR	350,000	$27,188	0.7%	$76.58	—	STATE STREET CON	81369Y308
QCOM	QUALCOMM INC	50,123	$8,574	0.2%	$162.52	+5.1%	COM	747525103
QCOM	QUALCOMM INC	50,123	$8,553	0.2%	$162.52	+5.1%	PUT	747525103
MCD	MCDONALDS CORP	35,236	$10,697	0.3%	$303.54	+0.5%	PUT	580135101
MCD	MCDONALDS CORP	35,236	$10,769	0.3%	$303.54	+0.5%	COM	580135101