EMERALD ADVISERS, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PIPR	PIPER SANDLER CO	82,407	$27,994	0.9%	$337.82	0.0%	COM	724078100
SYNA	SYNAPTICS INC	339,113	$25,101	0.8%	$70.23	0.0%	COM	87157D109
TRVI	TREVI THERAPEUTICS	1,892,276	$23,691	0.7%	$11.56	0.0%	COM	89532M101
LMRI	LUMEXA IMAGING HOLDINGS INC	932,889	$17,258	0.5%	$18.05	0.0%	COM	550249106
BLLN	BILLIONTOONE INC	188,949	$15,464	0.5%	$101.40	0.0%	COM	090168105
AVAH	AVEANNA HEALTHCARE HOLDINGS	1,748,725	$14,287	0.4%	$9.03	0.0%	COM	05356F105
ATRO	ASTRONICS CORP	242,727	$13,166	0.4%	$50.32	0.0%	COM	046433108
CDNL	CARDINAL INFRASTRUCTURE GROUP	513,355	$12,413	0.4%	$24.69	0.0%	COM	14154A102
SBCF	SEACOAST BANKING CORPORATION OF FLORIDA	191,651	$6,022	0.2%	$31.16	0.0%	COM	811707801
BYRN	BYRNA TECHNOLOGIES INC	162,809	$2,734	0.1%	$19.47	0.0%	COM	12448X201
PXLW	PIXELWORKS INC	64,695	$411	0.0%	$7.66	0.0%	COM	72581M404
ENVA	ENOVA INTERNATI	2,149	$338	0.0%	$130.16	0.0%	COM	29357K103
IVVD	INVIVYD INC	89,938	$222	0.0%	$2.08	0.0%	COM	00534A102

Increased Positions (56)

TTI TETRA TECHNOLOGIES 0.8%

Value ($000) $26,754 (+1765.6%) Shares 2,855,302 (+1044.8%) Est. Cost $7.36 Unrealized +4.8%

CECO CECO ENVIRONMENTAL CORP 0.8%

Value ($000) $27,443 (+348.9%) Shares 458,525 (+284.0%) Est. Cost $50.58 Unrealized +5.7%

IMAX IMAX CORP 1.0%

Value ($000) $31,557 (+192.7%) Shares 853,822 (+159.4%) Est. Cost $32.36 Unrealized +7.8%

LASR NLIGHT INC 0.9%

Value ($000) $29,328 (+103.5%) Shares 781,877 (+60.7%) Est. Cost $27.97 Unrealized +19.4%

LIVN LIVANOVA PLC 1.3%

Value ($000) $43,129 (+49.4%) Shares 700,948 (+27.2%) Est. Cost $51.52 Unrealized +10.9%

SYRE SPYRE THERAPEUTICS 0.6%

Value ($000) $20,839 (+126.6%) Shares 636,109 (+15.9%) Est. Cost $27.83 Unrealized -6.1%

LC LENDINGCLUB CORP 0.5%

Value ($000) $14,739 (+358.0%) Shares 778,208 (+267.3%) Est. Cost $16.99 Unrealized +4.0%

VSEC VSE CORPORATION 1.5%

Value ($000) $48,297 (+30.1%) Shares 279,543 (+25.2%) Est. Cost $123.65 Unrealized +38.2%

CCB COASTAL FINANCIAL CORP 0.5%

Value ($000) $17,504 (+173.9%) Shares 152,755 (+158.5%) Est. Cost $106.37 Unrealized +2.6%

MC MOELIS & CO 1.3%

Value ($000) $42,316 (+31.4%) Shares 615,594 (+36.3%) Est. Cost $37.38 Unrealized +76.0%

EVLV EVOLV TECHNOLOGIES 0.9%

Value ($000) $29,866 (+51.0%) Shares 4,171,243 (+59.2%) Est. Cost $7.23 Unrealized -1.7%

KLIC KULICKE AND SOFFA INDUSTRIES 0.8%

Value ($000) $24,562 (+66.7%) Shares 539,114 (+48.7%) Est. Cost $44.70 Unrealized -5.8%

ACAD ACADIA PHARMACEUTICALS INC 0.7%

Value ($000) $21,667 (+78.2%) Shares 811,197 (+42.4%) Est. Cost $20.72 Unrealized +15.3%

AMSC AMERICAN SEMICONDUCTOR CORP 0.7%

Value ($000) $21,803 (-29.6%) Shares 757,568 (+45.4%) Est. Cost $31.23 Unrealized +38.5%

CUBI CUSTOMERS BANCORP INC 0.7%

Value ($000) $24,152 (+59.4%) Shares 330,310 (+42.5%) Est. Cost $66.61 Unrealized +3.0%

CVLT COMMVAULT SYSTEMS INC 0.7%

Value ($000) $21,548 (-27.2%) Shares 171,885 (+9.6%) Est. Cost $158.37 Unrealized -11.2%

AAOI APPLIED OPTOELECTRONICS INC 0.7%

Value ($000) $23,376 (+47.9%) Shares 670,577 (+10.0%) Est. Cost $19.05 Unrealized +56.7%

AGX ARGAN INC 0.9%

Value ($000) $30,728 (+31.5%) Shares 98,072 (+13.3%) Est. Cost $238.76 Unrealized +32.7%

UMBF UMB FINANCIAL CORP 1.0%

Value ($000) $31,670 (+27.7%) Shares 275,296 (+31.4%) Est. Cost $103.50 Unrealized +9.5%

COMP COMPASS INC 0.6%

Value ($000) $18,387 (+44.2%) Shares 1,739,511 (+9.5%) Est. Cost $8.19 Unrealized +11.4%

BOOT BOOT BARN HOLDINGS INC 1.0%

Value ($000) $32,062 (+20.8%) Shares 181,688 (+13.4%) Est. Cost $149.80 Unrealized +24.5%

FRPT FRESHPET INC 0.8%

Value ($000) $25,432 (+23.2%) Shares 417,400 (+11.4%) Est. Cost $41.65 Unrealized +36.2%

SMTC SEMTECH CORP 1.1%

Value ($000) $34,690 (+15.8%) Shares 470,751 (+12.3%) Est. Cost $56.12 Unrealized +26.4%

SEI SOLARIS ENERGY INFRASTRUCTURE INC 0.9%

Value ($000) $28,809 (+16.9%) Shares 626,692 (+1.6%) Est. Cost $19.98 Unrealized +141.7%

RSI RUSH STREET INTERACTIVE INC 1.0%

Value ($000) $31,206 (+13.6%) Shares 1,606,049 (+19.7%) Est. Cost $13.91 Unrealized +32.9%

BRCB BLACK ROCK COFFEE BAR 0.4%

Value ($000) $13,628 (+37.6%) Shares 612,493 (+47.6%) Est. Cost $25.19 Unrealized -7.9%

EVER EVERQUOTE INC 0.6%

Value ($000) $19,459 (+23.4%) Shares 720,686 (+4.6%) Est. Cost $23.27 Unrealized +4.1%

VITL VITAL FARMS INC 1.1%

Value ($000) $37,115 (-9.0%) Shares 1,162,022 (+17.3%) Est. Cost $35.12 Unrealized +0.2%

ARHS ARHAUS INC 0.6%

Value ($000) $20,700 (+16.0%) Shares 1,846,549 (+10.0%) Est. Cost $9.99 Unrealized +4.0%

ESE ESCO TECHNOLOGIES INC 1.0%

Value ($000) $32,567 (+9.1%) Shares 166,679 (+17.9%) Est. Cost $185.25 Unrealized +13.7%

IPGP IPG PHOTONICS CORP 0.5%

Value ($000) $14,610 (+21.4%) Shares 204,050 (+34.3%) Est. Cost $79.01 Unrealized +3.3%

NP NEPTUNE INSURANCE HOLDINGS 0.1%

Value ($000) $3,301 (+310.2%) Shares 113,217 (+181.4%) Est. Cost $24.06 Unrealized +9.3%

NKTR NEKTAR THERAPEUTICS 0.5%

Value ($000) $16,250 (-11.6%) Shares 384,342 (+18.9%) Est. Cost $36.73 Unrealized +52.3%

AIR AAR CORPORATION 1.1%

Value ($000) $34,728 (+6.1%) Shares 419,470 (+15.0%) Est. Cost $64.98 Unrealized +27.3%

FWRG FIRST WATCH RESTAURANT GROUP 0.5%

Value ($000) $14,754 (+14.9%) Shares 978,408 (+19.2%) Est. Cost $17.08 Unrealized -1.3%

EE EXCELERATE ENERGY INC 0.3%

Value ($000) $8,920 (+14.7%) Shares 318,018 (+3.0%) Est. Cost $27.83 Unrealized -2.9%

HTFL HEARTFLOW INC 0.2%

Value ($000) $6,459 (-12.0%) Shares 221,582 (+1.7%) Est. Cost $32.24 Unrealized -0.1%

SLDE SLIDE INSURANCE HOLDINGS INC 0.0%

Value ($000) $1,191 (+96.7%) Shares 61,145 (+59.4%) Est. Cost $19.25 Unrealized -13.4%

ARLO ARLO TECHNOLOGIES 0.9%

Value ($000) $28,817 (-2.0%) Shares 2,059,864 (+18.8%) Est. Cost $12.62 Unrealized +24.7%

MPB MID PENN BANCORP INC 0.0%

Value ($000) $695 (+227.3%) Shares 22,419 (+202.2%) Est. Cost $29.02 Unrealized +0.7%

PI IMPINJ INC 0.9%

Value ($000) $27,633 (-1.5%) Shares 158,802 (+2.3%) Est. Cost $102.24 Unrealized +74.2%

NFLX NETFLIX INC 0.0%

Value ($000) $930 (-23.6%) Shares 9,920 (+876.4%) Est. Cost $102.84 Unrealized +4.8%

TTWO TAKE TWO INTERACTIVE SOFTWARE 0.1%

Value ($000) $2,171 (+14.8%) Shares 8,481 (+15.9%) Est. Cost $180.99 Unrealized +37.7%

MP MP MATERIALS CORP 0.0%

Value ($000) $912 (+37.5%) Shares 18,046 (+82.6%) Est. Cost $63.14 Unrealized +0.4%

TRGP TARGA RESOURCES CORP 0.0%

Value ($000) $954 (+32.1%) Shares 5,173 (+19.9%) Est. Cost $116.22 Unrealized +44.6%

FICO FAIR ISAAC CORP 0.0%

Value ($000) $962 (+30.1%) Shares 569 (+15.2%) Est. Cost $1437.09 Unrealized +19.8%

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value ($000) $514 (+76.1%) Shares 2,893 (+80.7%) Est. Cost $98.43 Unrealized +83.9%

BWXT BWX TECHNOLOGIES INC 0.0%

Value ($000) $1,152 (+23.1%) Shares 6,667 (+31.3%) Est. Cost $136.52 Unrealized +37.3%

GENI GENIUS SPORTS LIMITED 0.0%

Value ($000) $963 (+28.2%) Shares 87,417 (+44.1%) Est. Cost $9.99 Unrealized +9.2%

RBLX ROBLOX CORPORATION 0.0%

Value ($000) $616 (-23.7%) Shares 7,603 (+30.4%) Est. Cost $66.03 Unrealized +60.8%

XPO XPO LOGISTICS 0.0%

Value ($000) $485 (+65.0%) Shares 3,565 (+56.9%) Est. Cost $89.54 Unrealized +52.1%

BWMN BOWMAN CONSULTING GROUP LTD 0.0%

Value ($000) $450 (+67.7%) Shares 13,624 (+115.1%) Est. Cost $33.32 Unrealized +13.8%

ORCL ORACLE SYS CORP 0.0%

Value ($000) $421 (-26.6%) Shares 2,159 (+5.9%) Est. Cost $179.33 Unrealized +32.7%

NOW SERVICENOW INC 0.0%

Value ($000) $470 (-18.8%) Shares 3,070 (+388.1%) Est. Cost $175.89 Unrealized -2.5%

FIGR FIGURE TECHNOLOGY SOLUTIONS 0.0%

Value ($000) $624 (+14.3%) Shares 15,271 (+1.8%) Est. Cost $38.86 Unrealized +2.9%

PWP PERELLA WEINBERG PARTNERS 0.5%

Value ($000) $17,105 (-0.2%) Shares 988,706 (+23.0%) Est. Cost $20.54 Unrealized -9.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TTI	TETRA TECHNOLOGIES	2,855,302 (+1044.8%)	$26,754 (+1765.6%)	0.8%	$7.36	+4.8%	COM	88162F105
CECO	CECO ENVIRONMENTAL CORP	458,525 (+284.0%)	$27,443 (+348.9%)	0.8%	$50.58	+5.7%	COM	125141101
IMAX	IMAX CORP	853,822 (+159.4%)	$31,557 (+192.7%)	1.0%	$32.36	+7.8%	COM	45245E109
LASR	NLIGHT INC	781,877 (+60.7%)	$29,328 (+103.5%)	0.9%	$27.97	+19.4%	COM	65487K100
LIVN	LIVANOVA PLC	700,948 (+27.2%)	$43,129 (+49.4%)	1.3%	$51.52	+10.9%	COM	G5509L101
SYRE	SPYRE THERAPEUTICS	636,109 (+15.9%)	$20,839 (+126.6%)	0.6%	$27.83	-6.1%	COM	00773J202
LC	LENDINGCLUB CORP	778,208 (+267.3%)	$14,739 (+358.0%)	0.5%	$16.99	+4.0%	COM	52603A208
VSEC	VSE CORPORATION	279,543 (+25.2%)	$48,297 (+30.1%)	1.5%	$123.65	+38.2%	COM	918284100
CCB	COASTAL FINANCIAL CORP	152,755 (+158.5%)	$17,504 (+173.9%)	0.5%	$106.37	+2.6%	COM	19046P209
MC	MOELIS & CO	615,594 (+36.3%)	$42,316 (+31.4%)	1.3%	$37.38	+76.0%	COM	60786M105
EVLV	EVOLV TECHNOLOGIES	4,171,243 (+59.2%)	$29,866 (+51.0%)	0.9%	$7.23	-1.7%	COM	30049H102
KLIC	KULICKE AND SOFFA INDUSTRIES	539,114 (+48.7%)	$24,562 (+66.7%)	0.8%	$44.70	-5.8%	COM	501242101
ACAD	ACADIA PHARMACEUTICALS INC	811,197 (+42.4%)	$21,667 (+78.2%)	0.7%	$20.72	+15.3%	COM	004225108
AMSC	AMERICAN SEMICONDUCTOR CORP	757,568 (+45.4%)	$21,803 (-29.6%)	0.7%	$31.23	+38.5%	COM	030111207
CUBI	CUSTOMERS BANCORP INC	330,310 (+42.5%)	$24,152 (+59.4%)	0.7%	$66.61	+3.0%	COM	23204G100
CVLT	COMMVAULT SYSTEMS INC	171,885 (+9.6%)	$21,548 (-27.2%)	0.7%	$158.37	-11.2%	COM	204166102
AAOI	APPLIED OPTOELECTRONICS INC	670,577 (+10.0%)	$23,376 (+47.9%)	0.7%	$19.05	+56.7%	COM	03823U102
AGX	ARGAN INC	98,072 (+13.3%)	$30,728 (+31.5%)	0.9%	$238.76	+32.7%	COM	04010E109
UMBF	UMB FINANCIAL CORP	275,296 (+31.4%)	$31,670 (+27.7%)	1.0%	$103.50	+9.5%	COM	902788108
COMP	COMPASS INC	1,739,511 (+9.5%)	$18,387 (+44.2%)	0.6%	$8.19	+11.4%	COM	20464U100
BOOT	BOOT BARN HOLDINGS INC	181,688 (+13.4%)	$32,062 (+20.8%)	1.0%	$149.80	+24.5%	COM	099406100
FRPT	FRESHPET INC	417,400 (+11.4%)	$25,432 (+23.2%)	0.8%	$41.65	+36.2%	COM	358039105
SMTC	SEMTECH CORP	470,751 (+12.3%)	$34,690 (+15.8%)	1.1%	$56.12	+26.4%	COM	816850101
SEI	SOLARIS ENERGY INFRASTRUCTURE INC	626,692 (+1.6%)	$28,809 (+16.9%)	0.9%	$19.98	+141.7%	COM	83418M103
RSI	RUSH STREET INTERACTIVE INC	1,606,049 (+19.7%)	$31,206 (+13.6%)	1.0%	$13.91	+32.9%	COM	782011100
BRCB	BLACK ROCK COFFEE BAR	612,493 (+47.6%)	$13,628 (+37.6%)	0.4%	$25.19	-7.9%	COM	092244102
EVER	EVERQUOTE INC	720,686 (+4.6%)	$19,459 (+23.4%)	0.6%	$23.27	+4.1%	COM	30041R108
VITL	VITAL FARMS INC	1,162,022 (+17.3%)	$37,115 (-9.0%)	1.1%	$35.12	+0.2%	COM	92847W103
ARHS	ARHAUS INC	1,846,549 (+10.0%)	$20,700 (+16.0%)	0.6%	$9.99	+4.0%	COM	04035M102
ESE	ESCO TECHNOLOGIES INC	166,679 (+17.9%)	$32,567 (+9.1%)	1.0%	$185.25	+13.7%	COM	296315104
IPGP	IPG PHOTONICS CORP	204,050 (+34.3%)	$14,610 (+21.4%)	0.5%	$79.01	+3.3%	COM	44980X109
NP	NEPTUNE INSURANCE HOLDINGS	113,217 (+181.4%)	$3,301 (+310.2%)	0.1%	$24.06	+9.3%	COM	64073B103
NKTR	NEKTAR THERAPEUTICS	384,342 (+18.9%)	$16,250 (-11.6%)	0.5%	$36.73	+52.3%	COM	640268306
AIR	AAR CORPORATION	419,470 (+15.0%)	$34,728 (+6.1%)	1.1%	$64.98	+27.3%	COM	000361105
FWRG	FIRST WATCH RESTAURANT GROUP	978,408 (+19.2%)	$14,754 (+14.9%)	0.5%	$17.08	-1.3%	COM	33748L101
EE	EXCELERATE ENERGY INC	318,018 (+3.0%)	$8,920 (+14.7%)	0.3%	$27.83	-2.9%	COM	30069T101
HTFL	HEARTFLOW INC	221,582 (+1.7%)	$6,459 (-12.0%)	0.2%	$32.24	-0.1%	COM	42238D107
SLDE	SLIDE INSURANCE HOLDINGS INC	61,145 (+59.4%)	$1,191 (+96.7%)	0.0%	$19.25	-13.4%	COM	831349105
ARLO	ARLO TECHNOLOGIES	2,059,864 (+18.8%)	$28,817 (-2.0%)	0.9%	$12.62	+24.7%	COM	04206A101
MPB	MID PENN BANCORP INC	22,419 (+202.2%)	$695 (+227.3%)	0.0%	$29.02	+0.7%	COM	59540G107
PI	IMPINJ INC	158,802 (+2.3%)	$27,633 (-1.5%)	0.9%	$102.24	+74.2%	COM	453204109
NFLX	NETFLIX INC	9,920 (+876.4%)	$930 (-23.6%)	0.0%	$102.84	+4.8%	COM	64110L106
TTWO	TAKE TWO INTERACTIVE SOFTWARE	8,481 (+15.9%)	$2,171 (+14.8%)	0.1%	$180.99	+37.7%	COM	874054109
MP	MP MATERIALS CORP	18,046 (+82.6%)	$912 (+37.5%)	0.0%	$63.14	+0.4%	COM	553368101
TRGP	TARGA RESOURCES CORP	5,173 (+19.9%)	$954 (+32.1%)	0.0%	$116.22	+44.6%	COM	87612G101
FICO	FAIR ISAAC CORP	569 (+15.2%)	$962 (+30.1%)	0.0%	$1437.09	+19.8%	COM	303250104
PLTR	PALANTIR TECHNOLOGIES INC	2,893 (+80.7%)	$514 (+76.1%)	0.0%	$98.43	+83.9%	COM	69608A108
BWXT	BWX TECHNOLOGIES INC	6,667 (+31.3%)	$1,152 (+23.1%)	0.0%	$136.52	+37.3%	COM	05605H100
GENI	GENIUS SPORTS LIMITED	87,417 (+44.1%)	$963 (+28.2%)	0.0%	$9.99	+9.2%	COM	G3934V109
RBLX	ROBLOX CORPORATION	7,603 (+30.4%)	$616 (-23.7%)	0.0%	$66.03	+60.8%	COM	771049103
XPO	XPO LOGISTICS	3,565 (+56.9%)	$485 (+65.0%)	0.0%	$89.54	+52.1%	COM	983793100
BWMN	BOWMAN CONSULTING GROUP LTD	13,624 (+115.1%)	$450 (+67.7%)	0.0%	$33.32	+13.8%	COM	103002101
ORCL	ORACLE SYS CORP	2,159 (+5.9%)	$421 (-26.6%)	0.0%	$179.33	+32.7%	COM	68389X105
NOW	SERVICENOW INC	3,070 (+388.1%)	$470 (-18.8%)	0.0%	$175.89	-2.5%	COM	81762P102
FIGR	FIGURE TECHNOLOGY SOLUTIONS	15,271 (+1.8%)	$624 (+14.3%)	0.0%	$38.86	+2.9%	COM	349381103
PWP	PERELLA WEINBERG PARTNERS	988,706 (+23.0%)	$17,105 (-0.2%)	0.5%	$20.54	-9.6%	COM	71367G102

Exited Positions (24)

NSSC NAPCO SECURITY 0.6%

Value ($000) $20,022 Shares 466,165 Est. Cost $36.27 Unrealized +15.7%

LIF LIFE360 INC 0.6%

Value ($000) $18,127 Shares 170,529 Est. Cost $35.29 Unrealized +135.4%

MTSI MACOM TECHNOLOGY SOLUTIONS 0.5%

Value ($000) $17,813 Shares 143,085 Est. Cost $33.14 Unrealized +378.9%

CADE CADENCE BANK 0.4%

Value ($000) $12,851 Shares 342,322 Est. Cost $32.75 Unrealized +20.4%

SOC SABLE OFFSHORE CORP 0.3%

Value ($000) $10,256 Shares 587,376 Est. Cost $22.61 Unrealized -58.2%

— AKERO THERAPEUTCS INC 0.3%

Value ($000) $9,817 Shares 206,771 Est. Cost $24.83 Unrealized —

— 89BIO INC 0.2%

Value ($000) $7,867 Shares 535,147 Est. Cost $7.68 Unrealized —

ABCB AMERIS BANCORP 0.2%

Value ($000) $6,538 Shares 89,189 Est. Cost $61.64 Unrealized +20.4%

BOW BOWHEAD SPECIALTY HOLDINGS 0.2%

Value ($000) $6,002 Shares 221,958 Est. Cost $26.10 Unrealized +1.6%

BWIN BALDWIN INSURANCE GROUP INC 0.2%

Value ($000) $5,516 Shares 195,520 Est. Cost $19.78 Unrealized +28.7%

OMDA OMADA HEALTH INC 0.1%

Value ($000) $4,033 Shares 182,407 Est. Cost $17.31 Unrealized +17.2%

CBLL CERIBELL INC 0.0%

Value ($000) $1,413 Shares 122,944 Est. Cost $26.86 Unrealized -42.2%

KRRO KORRO BIO INC 0.0%

Value ($000) $789 Shares 16,469 Est. Cost $22.19 Unrealized +5.3%

UEC URANIUM ENERGY CORPORATION 0.0%

Value ($000) $548 Shares 41,089 Est. Cost $7.65 Unrealized +71.5%

BKR BAKER HUGHES COMPANY 0.0%

Value ($000) $469 Shares 9,618 Est. Cost $43.83 Unrealized +8.0%

GLNG GOLAR LNG LIMITED 0.0%

Value ($000) $367 Shares 9,083 Est. Cost $39.61 Unrealized -3.8%

DUOL DUOLINGO INC CL A 0.0%

Value ($000) $282 Shares 875 Est. Cost $438.78 Unrealized -46.3%

CHDN CHURCHILL DOWNS INC 0.0%

Value ($000) $240 Shares 2,470 Est. Cost $91.96 Unrealized +12.5%

ONB OLD NATL BANCORP IND 0.0%

Value ($000) $226 Shares 10,309 Est. Cost $20.73 Unrealized +4.0%

CFLT CONFLUENT INC 0.0%

Value ($000) $208 Shares 10,493 Est. Cost $26.72 Unrealized -8.1%

IWO ISHARES RUSSELL 2000 GROWTH ETF 0.0%

Value ($000) $23 Shares 71 Est. Cost $320.04 Unrealized —

NVCR NOVOCURE LTD 0.0%

Value ($000) $17 Shares 1,311 Est. Cost $21.16 Unrealized -39.3%

PTLO PORTILLOS INC 0.0%

Value ($000) $17 Shares 2,576 Est. Cost $20.89 Unrealized -75.0%

INR INFINITY NATURAL RESOURCES 0.0%

Value ($000) $12 Shares 909 Est. Cost $18.74 Unrealized -30.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NSSC	NAPCO SECURITY	466,165	$20,022	0.6%	$36.27	+15.7%	—	630402105
LIF	LIFE360 INC	170,529	$18,127	0.6%	$35.29	+135.4%	—	532206109
MTSI	MACOM TECHNOLOGY SOLUTIONS	143,085	$17,813	0.5%	$33.14	+378.9%	—	55405Y100
CADE	CADENCE BANK	342,322	$12,851	0.4%	$32.75	+20.4%	—	12740C103
SOC	SABLE OFFSHORE CORP	587,376	$10,256	0.3%	$22.61	-58.2%	—	78574H104
—	AKERO THERAPEUTCS INC	206,771	$9,817	0.3%	$24.83	—	—	00973Y108
—	89BIO INC	535,147	$7,867	0.2%	$7.68	—	—	282559103
ABCB	AMERIS BANCORP	89,189	$6,538	0.2%	$61.64	+20.4%	—	03076K108
BOW	BOWHEAD SPECIALTY HOLDINGS	221,958	$6,002	0.2%	$26.10	+1.6%	—	10240L102
BWIN	BALDWIN INSURANCE GROUP INC	195,520	$5,516	0.2%	$19.78	+28.7%	—	05589G102
OMDA	OMADA HEALTH INC	182,407	$4,033	0.1%	$17.31	+17.2%	—	68170A108
CBLL	CERIBELL INC	122,944	$1,413	0.0%	$26.86	-42.2%	—	15678C102
KRRO	KORRO BIO INC	16,469	$789	0.0%	$22.19	+5.3%	—	500946108
UEC	URANIUM ENERGY CORPORATION	41,089	$548	0.0%	$7.65	+71.5%	—	916896103
BKR	BAKER HUGHES COMPANY	9,618	$469	0.0%	$43.83	+8.0%	—	05722G100
GLNG	GOLAR LNG LIMITED	9,083	$367	0.0%	$39.61	-3.8%	—	G9456A100
DUOL	DUOLINGO INC CL A	875	$282	0.0%	$438.78	-46.3%	—	26603R106
CHDN	CHURCHILL DOWNS INC	2,470	$240	0.0%	$91.96	+12.5%	—	171484108
ONB	OLD NATL BANCORP IND	10,309	$226	0.0%	$20.73	+4.0%	—	680033107
CFLT	CONFLUENT INC	10,493	$208	0.0%	$26.72	-8.1%	—	20717M103
IWO	ISHARES RUSSELL 2000 GROWTH ETF	71	$23	0.0%	$320.04	—	—	464287648
NVCR	NOVOCURE LTD	1,311	$17	0.0%	$21.16	-39.3%	—	G6674U108
PTLO	PORTILLOS INC	2,576	$17	0.0%	$20.89	-75.0%	—	73642K106
INR	INFINITY NATURAL RESOURCES	909	$12	0.0%	$18.74	-30.0%	—	456941103

Decreased Positions (123)

GH GUARDANT HEALTH INC 2.7%

Value ($000) $88,027 (+61.3%) Shares 861,824 (-1.3%) Est. Cost $45.67 Unrealized +95.9%

AVAV AEROVIRONMENT INC 1.6%

Value ($000) $51,167 (-34.3%) Shares 211,531 (-14.5%) Est. Cost $107.12 Unrealized +193.5%

SLNO SOLENO THERAPEUTICS INC 0.6%

Value ($000) $19,106 (-55.0%) Shares 412,651 (-34.3%) Est. Cost $38.80 Unrealized +41.3%

KTOS KRATOS DEFENSE AND SECURITY 2.0%

Value ($000) $66,426 (-25.0%) Shares 875,063 (-9.7%) Est. Cost $13.75 Unrealized +495.4%

RDNT RADNET INC 0.9%

Value ($000) $28,163 (-42.5%) Shares 394,715 (-38.5%) Est. Cost $34.69 Unrealized +122.6%

WVE WAVE LIFE SCIENCES LTD 1.3%

Value ($000) $41,737 (+90.3%) Shares 2,455,089 (-18.1%) Est. Cost $6.42 Unrealized +58.2%

CWAN CLEARWATER ANALYTICS HDS 0.0%

Value ($000) $669 (-96.4%) Shares 27,720 (-97.3%) Est. Cost $23.27 Unrealized -13.9%

SITM SITIME CORPORATION 1.0%

Value ($000) $31,198 (-36.2%) Shares 88,332 (-45.6%) Est. Cost $198.90 Unrealized +57.3%

IDCC INTERDIGITAL INC PA COM 0.5%

Value ($000) $17,782 (-49.4%) Shares 55,850 (-45.1%) Est. Cost $127.97 Unrealized +176.3%

CRDO CREDO TECHNOLOGY GROUP HOLDINGS 2.2%

Value ($000) $71,389 (-17.9%) Shares 496,139 (-16.9%) Est. Cost $15.03 Unrealized +923.3%

RHP RYMAN HOSPITALITY PROPERTIES 0.0%

Value ($000) $76 (-99.5%) Shares 798 (-99.5%) Est. Cost $85.93 Unrealized —

ITGR INTEGER HOLDINGS CORP 0.0%

Value ($000) $364 (-96.6%) Shares 4,645 (-95.5%) Est. Cost $116.78 Unrealized -31.8%

ATI ATI Inc 1.1%

Value ($000) $35,295 (+38.6%) Shares 307,552 (-1.8%) Est. Cost $39.74 Unrealized +145.2%

TVTX TRAVERE THERAPEUTICS INC 1.9%

Value ($000) $60,914 (+18.7%) Shares 1,594,184 (-25.7%) Est. Cost $13.35 Unrealized +143.5%

FN FABRINET 1.5%

Value ($000) $49,757 (+23.3%) Shares 109,289 (-1.3%) Est. Cost $225.03 Unrealized +93.3%

BE BLOOM ENERGY CO 1.5%

Value ($000) $48,577 (-16.1%) Shares 559,063 (-18.4%) Est. Cost $30.43 Unrealized +245.3%

RMBS RAMBUS INC 1.8%

Value ($000) $57,614 (-13.3%) Shares 626,985 (-1.7%) Est. Cost $52.73 Unrealized +86.6%

HIMS HIMS & HERS HEALTH INC 0.3%

Value ($000) $8,680 (-50.0%) Shares 267,325 (-12.6%) Est. Cost $51.24 Unrealized -16.4%

IONQ IONQ INC 0.6%

Value ($000) $20,311 (-27.9%) Shares 452,674 (-1.1%) Est. Cost $38.13 Unrealized +47.0%

RARE ULTRAGENYX PHARMACEUTICAL INC 0.2%

Value ($000) $4,884 (-61.2%) Shares 212,358 (-49.3%) Est. Cost $67.54 Unrealized -51.3%

TENB TENABLE HOLDING 0.3%

Value ($000) $9,147 (-43.7%) Shares 388,742 (-30.2%) Est. Cost $42.05 Unrealized -35.0%

COLL COLLEGIUM PHARMACEUTICAL INC 0.9%

Value ($000) $29,139 (+30.2%) Shares 629,344 (-1.6%) Est. Cost $21.83 Unrealized +91.7%

QTWO Q2 HOLDINGS INC 0.9%

Value ($000) $30,428 (-16.4%) Shares 421,670 (-16.2%) Est. Cost $42.39 Unrealized +62.0%

CRS CARPENTER TECHNOLOGY CORP 0.9%

Value ($000) $29,106 (+25.0%) Shares 92,448 (-2.5%) Est. Cost $33.99 Unrealized +784.2%

CCOI COGENT COMMUNICATIONS HOLDINGS 0.0%

Value ($000) $8 (-99.9%) Shares 371 (-99.7%) Est. Cost $35.77 Unrealized -17.6%

TTMI TTM TECHNOLOGIES INC 1.9%

Value ($000) $63,144 (+8.8%) Shares 915,128 (-9.2%) Est. Cost $21.29 Unrealized +206.5%

TBBK THE BANCORP INC 1.2%

Value ($000) $40,153 (-11.0%) Shares 594,683 (-1.3%) Est. Cost $54.46 Unrealized +26.7%

LITE LUMENTUM HOLDINGS INC 1.7%

Value ($000) $54,524 (-7.8%) Shares 147,925 (-59.3%) Est. Cost $55.28 Unrealized +364.6%

BHVN BIOHAVEN LTD 0.0%

Value ($000) $125 (-97.3%) Shares 11,088 (-96.4%) Est. Cost $46.66 Unrealized -73.4%

TREE LENDINGTREE INC 0.6%

Value ($000) $19,216 (-19.1%) Shares 361,945 (-1.3%) Est. Cost $43.09 Unrealized —

ALGT ALLEGIANT TRAVEL CO 0.9%

Value ($000) $29,840 (+14.8%) Shares 349,945 (-18.2%) Est. Cost $68.63 Unrealized +4.2%

ASIC ATEGRITY SPECIALTY HOLDINGS 0.1%

Value ($000) $3,510 (-51.9%) Shares 167,047 (-54.8%) Est. Cost $22.88 Unrealized -17.4%

BBIO BRIDGEBIO PHARMA INC 1.3%

Value ($000) $40,981 (+9.5%) Shares 535,764 (-25.6%) Est. Cost $22.30 Unrealized +194.3%

MMSI MERIT MED SYS INC 0.6%

Value ($000) $19,965 (-14.5%) Shares 226,514 (-19.3%) Est. Cost $60.76 Unrealized +40.1%

RXO RXO INC 0.0%

Value ($000) $1 (-100.0%) Shares 101 (-100.0%) Est. Cost $23.98 Unrealized -38.5%

ONTO ONTO INNOVATION INC 0.6%

Value ($000) $19,356 (+17.4%) Shares 122,613 (-3.9%) Est. Cost $106.80 Unrealized +33.0%

FA FIRST ADVANTAGE CORP 0.6%

Value ($000) $19,033 (-10.9%) Shares 1,309,933 (-5.7%) Est. Cost $16.38 Unrealized -14.0%

UTZ UTZ BRANDS INC 0.1%

Value ($000) $3,744 (-28.0%) Shares 360,650 (-15.7%) Est. Cost $16.25 Unrealized -33.6%

SKWD SKYWARD SPECIALTY INSURANCE 1.0%

Value ($000) $33,613 (+3.2%) Shares 657,668 (-4.0%) Est. Cost $22.75 Unrealized +111.2%

GOOGL ALPHABET INC CLA A 0.2%

Value ($000) $5,014 (+25.5%) Shares 16,020 (-2.5%) Est. Cost $114.13 Unrealized +150.2%

SMCI SUPER MICRO COMPUTER INC 0.0%

Value ($000) $237 (-79.4%) Shares 8,098 (-66.2%) Est. Cost $37.44 Unrealized +10.0%

TMDX TRANSMEDICS GROUP INC 1.3%

Value ($000) $42,742 (-1.7%) Shares 351,349 (-9.3%) Est. Cost $69.52 Unrealized +80.5%

MDGL MADRIGAL PHARMACEUTICALS INC 0.7%

Value ($000) $22,661 (-2.6%) Shares 38,913 (-23.3%) Est. Cost $263.55 Unrealized +93.8%

MSFT MICROSOFT CORP 0.2%

Value ($000) $6,005 (-9.0%) Shares 12,417 (-2.5%) Est. Cost $87.81 Unrealized +470.1%

NCLH NORWEGIAN CRUISE LINE HOLDINGS LTD 0.0%

Value ($000) $869 (-40.1%) Shares 38,940 (-33.9%) Est. Cost $22.31 Unrealized -5.3%

AZO AUTOZONE INC 0.0%

Value ($000) $397 (-55.1%) Shares 117 (-43.2%) Est. Cost $2343.59 Unrealized +61.2%

LNG CHENIERE ENERGY INC 0.1%

Value ($000) $1,654 (-20.2%) Shares 8,508 (-3.5%) Est. Cost $74.03 Unrealized +183.7%

META META PLATFORMS INC 0.1%

Value ($000) $2,940 (-12.4%) Shares 4,454 (-2.6%) Est. Cost $253.95 Unrealized +162.8%

PSTG PURE STORAGE 0.0%

Value ($000) $497 (-45.3%) Shares 7,417 (-31.6%) Est. Cost $46.61 Unrealized +79.2%

HOOD ROBINHOOD MARKETS INC 0.0%

Value ($000) $1,111 (-24.0%) Shares 9,823 (-3.7%) Est. Cost $42.44 Unrealized +206.4%

MDB MONGODB INC 0.0%

Value ($000) $1,479 (+30.8%) Shares 3,523 (-3.3%) Est. Cost $314.24 Unrealized +15.8%

TEVA TEVA PHARMACEUTICAL INDUSTRIES LIMITED 0.0%

Value ($000) $1,070 (+47.9%) Shares 34,289 (-4.3%) Est. Cost $11.61 Unrealized —

INSM INSMED INC 0.1%

Value ($000) $2,087 (+16.9%) Shares 11,990 (-3.3%) Est. Cost $23.53 Unrealized +675.7%

LLY ELI LILLY & CO 0.0%

Value ($000) $1,097 (+37.4%) Shares 1,021 (-2.5%) Est. Cost $749.70 Unrealized +27.5%

DDOG DATADOG INC 0.0%

Value ($000) $921 (-23.3%) Shares 6,776 (-19.7%) Est. Cost $128.71 Unrealized +22.8%

DASH DOORDASH INC 0.0%

Value ($000) $1,095 (-19.7%) Shares 4,835 (-3.6%) Est. Cost $160.59 Unrealized +46.1%

NVDA NVIDIA CORPORATION 0.3%

Value ($000) $9,683 (-2.6%) Shares 51,921 (-2.5%) Est. Cost $92.46 Unrealized +101.3%

ZS ZSCALER INC 0.0%

Value ($000) $585 (-28.1%) Shares 2,603 (-4.3%) Est. Cost $200.18 Unrealized +41.0%

FTAI FTAI AVIATION LTD 0.1%

Value ($000) $1,791 (+14.1%) Shares 9,099 (-3.2%) Est. Cost $27.55 Unrealized +518.0%

CAVA CAVA GROUP INC 0.0%

Value ($000) $331 (-39.7%) Shares 5,632 (-38.0%) Est. Cost $80.90 Unrealized -31.1%

LPX LOUISIANA-PACIFIC CORPORATION 0.0%

Value ($000) $49 (-81.6%) Shares 605 (-79.7%) Est. Cost $74.32 Unrealized +13.7%

COIN COINBASE GLOBAL INC 0.0%

Value ($000) $385 (-35.9%) Shares 1,703 (-4.3%) Est. Cost $216.14 Unrealized +37.9%

AXON AXON ENTERPRISE INC 0.0%

Value ($000) $661 (-24.3%) Shares 1,164 (-4.4%) Est. Cost $322.43 Unrealized +92.4%

AAPL APPLE INC 0.2%

Value ($000) $5,334 (+4.0%) Shares 19,619 (-2.6%) Est. Cost $122.40 Unrealized +119.2%

VEEV VEEVA SYSTEMS INC 0.0%

Value ($000) $498 (-28.3%) Shares 2,233 (-4.3%) Est. Cost $106.49 Unrealized +149.2%

EXAS EXACT SCIENCES CORP 0.0%

Value ($000) $429 (+77.6%) Shares 4,224 (-4.3%) Est. Cost $54.94 Unrealized +46.2%

BIIB BIOGEN IDEC INC 0.0%

Value ($000) $1,061 (+21.2%) Shares 6,027 (-3.5%) Est. Cost $129.79 Unrealized +25.9%

VST VISTRA CORP 0.0%

Value ($000) $667 (-21.2%) Shares 4,132 (-4.3%) Est. Cost $122.19 Unrealized +48.9%

KNSL KINSALE CAPITAL GROUP INC 0.0%

Value ($000) $224 (-42.6%) Shares 572 (-37.6%) Est. Cost $394.20 Unrealized +3.4%

AX AXOS FINANCIAL INC 1.4%

Value ($000) $44,922 (+0.3%) Shares 521,379 (-1.4%) Est. Cost $49.56 Unrealized +66.2%

ALNY ALNYLAM PHARMACEUTICALS INC 0.0%

Value ($000) $645 (-16.6%) Shares 1,622 (-4.3%) Est. Cost $129.70 Unrealized +241.2%

ALAB ASTERA LABS INC 0.0%

Value ($000) $526 (-18.7%) Shares 3,162 (-4.3%) Est. Cost $74.60 Unrealized +124.3%

TDY TELEDYNE TECHNOLOGIES INC 0.0%

Value ($000) $573 (-16.6%) Shares 1,121 (-4.3%) Est. Cost $397.61 Unrealized +32.5%

NET CLOUDFLARE INC 0.0%

Value ($000) $827 (-12.0%) Shares 4,196 (-4.3%) Est. Cost $74.06 Unrealized +185.6%

RCL ROYAL CARIBBEAN CRUISES LTD 0.0%

Value ($000) $518 (-17.5%) Shares 1,857 (-4.3%) Est. Cost $241.18 Unrealized +16.8%

PINS PINTEREST INC 0.0%

Value ($000) $355 (-23.0%) Shares 13,709 (-4.3%) Est. Cost $31.64 Unrealized -9.0%

AMZN AMAZON.COM, INC 0.1%

Value ($000) $4,111 (+2.5%) Shares 17,810 (-2.5%) Est. Cost $121.61 Unrealized +88.1%

HUBS HUBSPOT INC 0.0%

Value ($000) $463 (-17.8%) Shares 1,153 (-4.2%) Est. Cost $523.83 Unrealized -20.9%

CSGP COSTAR GROUP INC 0.0%

Value ($000) $323 (-23.7%) Shares 4,808 (-4.3%) Est. Cost $81.32 Unrealized -12.9%

AVGO BROADCOM LTD 0.1%

Value ($000) $3,751 (+2.2%) Shares 10,838 (-2.5%) Est. Cost $154.33 Unrealized +131.3%

FLUT FLUTTER ENTERTAINMENT 0.0%

Value ($000) $349 (-19.0%) Shares 1,621 (-4.3%) Est. Cost $292.68 Unrealized -23.2%

PANW PALO ALTO NETWORKS, INC 0.0%

Value ($000) $594 (-11.8%) Shares 3,226 (-2.5%) Est. Cost $134.77 Unrealized +49.7%

APP APPLOVIN CORP 0.0%

Value ($000) $767 (-8.6%) Shares 1,139 (-2.6%) Est. Cost $461.14 Unrealized +36.6%

MPWR MONOLITHICPOWER SYSTEMS INC 0.0%

Value ($000) $1,155 (-5.8%) Shares 1,274 (-4.3%) Est. Cost $535.80 Unrealized +79.3%

GNRC GENERAC HOLDINGS INC 0.0%

Value ($000) $241 (-22.1%) Shares 1,770 (-4.3%) Est. Cost $161.67 Unrealized -0.2%

NTNX NUTANIX INC 0.0%

Value ($000) $131 (-33.5%) Shares 2,532 (-4.3%) Est. Cost $73.39 Unrealized -16.7%

INDI INDIE SEMICONDUCTOR INC 0.0%

Value ($000) $357 (-15.5%) Shares 101,109 (-2.5%) Est. Cost $6.00 Unrealized -26.9%

TWLO TWILIO INC 0.0%

Value ($000) $247 (+35.6%) Shares 1,737 (-4.6%) Est. Cost $91.65 Unrealized +35.2%

COST COSTCO WHOLESALE CORP 0.0%

Value ($000) $630 (-9.2%) Shares 731 (-2.5%) Est. Cost $485.11 Unrealized +86.7%

TSCO TRACTOR SUPPLY COMPANY 0.0%

Value ($000) $328 (-15.8%) Shares 6,558 (-4.3%) Est. Cost $54.73 Unrealized -1.9%

EXPE EXPEDIA GROUP INC 0.0%

Value ($000) $272 (+26.9%) Shares 960 (-4.3%) Est. Cost $143.48 Unrealized +72.1%

UTHR UNITED THERAPEUTICS CORP DEL 0.0%

Value ($000) $521 (+11.3%) Shares 1,069 (-4.2%) Est. Cost $336.94 Unrealized +38.2%

LHX L3 HARRIS TECHNOLOGIES INC 0.0%

Value ($000) $599 (-8.0%) Shares 2,042 (-4.3%) Est. Cost $191.73 Unrealized +50.4%

DAL DELTA AIR LINES INC 0.0%

Value ($000) $337 (+17.0%) Shares 4,857 (-4.3%) Est. Cost $48.79 Unrealized +28.0%

TTD THE TRADE DESK 0.0%

Value ($000) $124 (-25.9%) Shares 3,276 (-4.3%) Est. Cost $85.22 Unrealized -48.0%

BURL BURLINGTON STORES INC 0.0%

Value ($000) $526 (+8.8%) Shares 1,821 (-4.1%) Est. Cost $202.09 Unrealized +34.2%

TJX TJX COS. 0.0%

Value ($000) $1,168 (+3.6%) Shares 7,602 (-2.5%) Est. Cost $65.31 Unrealized +126.1%

VRSK VERISK ANALYTICS INC 0.0%

Value ($000) $230 (-14.8%) Shares 1,030 (-4.2%) Est. Cost $236.40 Unrealized -4.7%

H HYATT HOTELS CORPORATION 0.0%

Value ($000) $511 (+8.1%) Shares 3,189 (-4.3%) Est. Cost $109.88 Unrealized +39.4%

BROS DUTCH BROS INC 0.0%

Value ($000) $351 (+11.9%) Shares 5,727 (-4.3%) Est. Cost $65.23 Unrealized -12.9%

FTI TECHNIPFMC PLC 0.0%

Value ($000) $474 (+8.1%) Shares 10,632 (-4.3%) Est. Cost $24.65 Unrealized +71.2%

HEI HEICO CORPORATION 0.0%

Value ($000) $811 (-4.0%) Shares 2,505 (-4.2%) Est. Cost $213.81 Unrealized +47.8%

WAL WESTERN ALLIANCE BANCORP 0.0%

Value ($000) $414 (-7.2%) Shares 4,921 (-4.3%) Est. Cost $54.78 Unrealized +47.2%

VRT VERTIV HOLDINGS 0.0%

Value ($000) $1,169 (+2.8%) Shares 7,216 (-4.3%) Est. Cost $95.41 Unrealized +81.9%

FCNCA FIRST CITIZENS BANCSHARES INC CL A 0.0%

Value ($000) $204 (+15.1%) Shares 95 (-4.0%) Est. Cost $1897.78 Unrealized -0.7%

MTZ MASTEC INC 0.1%

Value ($000) $1,854 (-1.4%) Shares 8,527 (-3.4%) Est. Cost $105.04 Unrealized +99.8%

ROKU ROKU INC 0.0%

Value ($000) $675 (+3.7%) Shares 6,219 (-4.3%) Est. Cost $73.95 Unrealized +37.3%

MTDR MATADOR RESOURCES CO 0.0%

Value ($000) $221 (-9.6%) Shares 5,213 (-4.3%) Est. Cost $50.09 Unrealized -16.2%

COR CENCORA INC 0.0%

Value ($000) $590 (+3.4%) Shares 1,748 (-4.3%) Est. Cost $286.82 Unrealized +18.8%

EQT EQT CORP 0.0%

Value ($000) $286 (-5.8%) Shares 5,327 (-4.3%) Est. Cost $33.07 Unrealized +69.7%

APO APOLLO GLOBAL MANAGEMENT LLC 0.0%

Value ($000) $437 (+4.0%) Shares 3,020 (-4.3%) Est. Cost $96.59 Unrealized +37.2%

LPLA LPL FINANCIAL HOLDINGS INC 0.0%

Value ($000) $597 (+2.8%) Shares 1,672 (-4.2%) Est. Cost $284.38 Unrealized +24.4%

SPGI S&P GLOBAL INC 0.0%

Value ($000) $399 (+2.9%) Shares 764 (-4.1%) Est. Cost $267.08 Unrealized +85.0%

TSLA TESLA MOTORS, INC 0.0%

Value ($000) $680 (-1.4%) Shares 1,511 (-2.5%) Est. Cost $260.82 Unrealized +70.0%

DECK DECKERS OUTDOOR CORPORATION 0.0%

Value ($000) $377 (-2.1%) Shares 3,641 (-4.3%) Est. Cost $151.88 Unrealized -38.3%

MSCI MSCI INC 0.0%

Value ($000) $232 (-3.2%) Shares 404 (-4.3%) Est. Cost $511.70 Unrealized +9.4%

TXRH TEXAS ROADHOUSE INC CL A 0.0%

Value ($000) $167 (-4.4%) Shares 1,005 (-4.3%) Est. Cost $182.18 Unrealized -7.4%

STE STERIS PUBLIC LIMITED COMPANY 0.0%

Value ($000) $356 (-1.9%) Shares 1,404 (-4.2%) Est. Cost $231.81 Unrealized +8.3%

PWR QUANTA SVCS INC 0.0%

Value ($000) $180 (-2.5%) Shares 426 (-4.3%) Est. Cost $321.23 Unrealized +36.7%

FANG DIAMONDBACK ENERGY INC 0.0%

Value ($000) $258 (+0.5%) Shares 1,718 (-4.3%) Est. Cost $94.62 Unrealized +55.4%

V VISA INC-CLASS A 0.0%

Value ($000) $745 (+0.1%) Shares 2,123 (-2.5%) Est. Cost $170.26 Unrealized +99.9%

NU NU HOLDINGS LTD 0.0%

Value ($000) $347 (+0.1%) Shares 20,752 (-4.3%) Est. Cost $12.35 Unrealized +30.1%

PLNT PLANET FITNESS INC 0.0%

Value ($000) $505 (+0.0%) Shares 4,655 (-4.3%) Est. Cost $100.64 Unrealized +2.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GH	GUARDANT HEALTH INC	861,824 (-1.3%)	$88,027 (+61.3%)	2.7%	$45.67	+95.9%	COM	40131M109
AVAV	AEROVIRONMENT INC	211,531 (-14.5%)	$51,167 (-34.3%)	1.6%	$107.12	+193.5%	COM	008073108
SLNO	SOLENO THERAPEUTICS INC	412,651 (-34.3%)	$19,106 (-55.0%)	0.6%	$38.80	+41.3%	COM	834203309
KTOS	KRATOS DEFENSE AND SECURITY	875,063 (-9.7%)	$66,426 (-25.0%)	2.0%	$13.75	+495.4%	COM	50077B207
RDNT	RADNET INC	394,715 (-38.5%)	$28,163 (-42.5%)	0.9%	$34.69	+122.6%	COM	750491102
WVE	WAVE LIFE SCIENCES LTD	2,455,089 (-18.1%)	$41,737 (+90.3%)	1.3%	$6.42	+58.2%	COM	Y95308105
CWAN	CLEARWATER ANALYTICS HDS	27,720 (-97.3%)	$669 (-96.4%)	0.0%	$23.27	-13.9%	COM	185123106
SITM	SITIME CORPORATION	88,332 (-45.6%)	$31,198 (-36.2%)	1.0%	$198.90	+57.3%	COM	82982T106
IDCC	INTERDIGITAL INC PA COM	55,850 (-45.1%)	$17,782 (-49.4%)	0.5%	$127.97	+176.3%	COM	45867G101
CRDO	CREDO TECHNOLOGY GROUP HOLDINGS	496,139 (-16.9%)	$71,389 (-17.9%)	2.2%	$15.03	+923.3%	COM	G25457105
RHP	RYMAN HOSPITALITY PROPERTIES	798 (-99.5%)	$76 (-99.5%)	0.0%	$85.93	—	COM	78377T107
ITGR	INTEGER HOLDINGS CORP	4,645 (-95.5%)	$364 (-96.6%)	0.0%	$116.78	-31.8%	COM	45826H109
ATI	ATI Inc	307,552 (-1.8%)	$35,295 (+38.6%)	1.1%	$39.74	+145.2%	COM	01741R102
TVTX	TRAVERE THERAPEUTICS INC	1,594,184 (-25.7%)	$60,914 (+18.7%)	1.9%	$13.35	+143.5%	COM	89422G107
FN	FABRINET	109,289 (-1.3%)	$49,757 (+23.3%)	1.5%	$225.03	+93.3%	COM	G3323L100
BE	BLOOM ENERGY CO	559,063 (-18.4%)	$48,577 (-16.1%)	1.5%	$30.43	+245.3%	COM	093712107
RMBS	RAMBUS INC	626,985 (-1.7%)	$57,614 (-13.3%)	1.8%	$52.73	+86.6%	COM	750917106
HIMS	HIMS & HERS HEALTH INC	267,325 (-12.6%)	$8,680 (-50.0%)	0.3%	$51.24	-16.4%	COM	433000106
IONQ	IONQ INC	452,674 (-1.1%)	$20,311 (-27.9%)	0.6%	$38.13	+47.0%	COM	46222L108
RARE	ULTRAGENYX PHARMACEUTICAL INC	212,358 (-49.3%)	$4,884 (-61.2%)	0.2%	$67.54	-51.3%	COM	90400D108
TENB	TENABLE HOLDING	388,742 (-30.2%)	$9,147 (-43.7%)	0.3%	$42.05	-35.0%	COM	88025T102
COLL	COLLEGIUM PHARMACEUTICAL INC	629,344 (-1.6%)	$29,139 (+30.2%)	0.9%	$21.83	+91.7%	COM	19459J104
QTWO	Q2 HOLDINGS INC	421,670 (-16.2%)	$30,428 (-16.4%)	0.9%	$42.39	+62.0%	COM	74736L109
CRS	CARPENTER TECHNOLOGY CORP	92,448 (-2.5%)	$29,106 (+25.0%)	0.9%	$33.99	+784.2%	COM	144285103
CCOI	COGENT COMMUNICATIONS HOLDINGS	371 (-99.7%)	$8 (-99.9%)	0.0%	$35.77	-17.6%	COM	19239V302
TTMI	TTM TECHNOLOGIES INC	915,128 (-9.2%)	$63,144 (+8.8%)	1.9%	$21.29	+206.5%	COM	87305R109
TBBK	THE BANCORP INC	594,683 (-1.3%)	$40,153 (-11.0%)	1.2%	$54.46	+26.7%	COM	05969A105
LITE	LUMENTUM HOLDINGS INC	147,925 (-59.3%)	$54,524 (-7.8%)	1.7%	$55.28	+364.6%	COM	55024U109
BHVN	BIOHAVEN LTD	11,088 (-96.4%)	$125 (-97.3%)	0.0%	$46.66	-73.4%	COM	G1110E107
TREE	LENDINGTREE INC	361,945 (-1.3%)	$19,216 (-19.1%)	0.6%	$43.09	—	COM	52603B107
ALGT	ALLEGIANT TRAVEL CO	349,945 (-18.2%)	$29,840 (+14.8%)	0.9%	$68.63	+4.2%	COM	01748X102
ASIC	ATEGRITY SPECIALTY HOLDINGS	167,047 (-54.8%)	$3,510 (-51.9%)	0.1%	$22.88	-17.4%	COM	04681Y103
BBIO	BRIDGEBIO PHARMA INC	535,764 (-25.6%)	$40,981 (+9.5%)	1.3%	$22.30	+194.3%	COM	10806X102
MMSI	MERIT MED SYS INC	226,514 (-19.3%)	$19,965 (-14.5%)	0.6%	$60.76	+40.1%	COM	589889104
RXO	RXO INC	101 (-100.0%)	$1 (-100.0%)	0.0%	$23.98	-38.5%	COM	74982T103
ONTO	ONTO INNOVATION INC	122,613 (-3.9%)	$19,356 (+17.4%)	0.6%	$106.80	+33.0%	COM	683344105
FA	FIRST ADVANTAGE CORP	1,309,933 (-5.7%)	$19,033 (-10.9%)	0.6%	$16.38	-14.0%	COM	31846B108
UTZ	UTZ BRANDS INC	360,650 (-15.7%)	$3,744 (-28.0%)	0.1%	$16.25	-33.6%	COM	918090101
SKWD	SKYWARD SPECIALTY INSURANCE	657,668 (-4.0%)	$33,613 (+3.2%)	1.0%	$22.75	+111.2%	COM	830940102
GOOGL	ALPHABET INC CLA A	16,020 (-2.5%)	$5,014 (+25.5%)	0.2%	$114.13	+150.2%	COM	02079K305
SMCI	SUPER MICRO COMPUTER INC	8,098 (-66.2%)	$237 (-79.4%)	0.0%	$37.44	+10.0%	COM	86800U302
TMDX	TRANSMEDICS GROUP INC	351,349 (-9.3%)	$42,742 (-1.7%)	1.3%	$69.52	+80.5%	COM	89377M109
MDGL	MADRIGAL PHARMACEUTICALS INC	38,913 (-23.3%)	$22,661 (-2.6%)	0.7%	$263.55	+93.8%	COM	558868105
MSFT	MICROSOFT CORP	12,417 (-2.5%)	$6,005 (-9.0%)	0.2%	$87.81	+470.1%	COM	594918104
NCLH	NORWEGIAN CRUISE LINE HOLDINGS LTD	38,940 (-33.9%)	$869 (-40.1%)	0.0%	$22.31	-5.3%	COM	G66721104
AZO	AUTOZONE INC	117 (-43.2%)	$397 (-55.1%)	0.0%	$2343.59	+61.2%	COM	053332102
LNG	CHENIERE ENERGY INC	8,508 (-3.5%)	$1,654 (-20.2%)	0.1%	$74.03	+183.7%	COM	16411R208
META	META PLATFORMS INC	4,454 (-2.6%)	$2,940 (-12.4%)	0.1%	$253.95	+162.8%	COM	30303M102
PSTG	PURE STORAGE	7,417 (-31.6%)	$497 (-45.3%)	0.0%	$46.61	+79.2%	COM	74624M102
HOOD	ROBINHOOD MARKETS INC	9,823 (-3.7%)	$1,111 (-24.0%)	0.0%	$42.44	+206.4%	COM	770700102
MDB	MONGODB INC	3,523 (-3.3%)	$1,479 (+30.8%)	0.0%	$314.24	+15.8%	COM	60937P106
TEVA	TEVA PHARMACEUTICAL INDUSTRIES LIMITED	34,289 (-4.3%)	$1,070 (+47.9%)	0.0%	$11.61	—	COM	881624209
INSM	INSMED INC	11,990 (-3.3%)	$2,087 (+16.9%)	0.1%	$23.53	+675.7%	COM	457669307
LLY	ELI LILLY & CO	1,021 (-2.5%)	$1,097 (+37.4%)	0.0%	$749.70	+27.5%	COM	532457108
DDOG	DATADOG INC	6,776 (-19.7%)	$921 (-23.3%)	0.0%	$128.71	+22.8%	COM	23804L103
DASH	DOORDASH INC	4,835 (-3.6%)	$1,095 (-19.7%)	0.0%	$160.59	+46.1%	COM	25809K105
NVDA	NVIDIA CORPORATION	51,921 (-2.5%)	$9,683 (-2.6%)	0.3%	$92.46	+101.3%	COM	67066G104
ZS	ZSCALER INC	2,603 (-4.3%)	$585 (-28.1%)	0.0%	$200.18	+41.0%	COM	98980G102
FTAI	FTAI AVIATION LTD	9,099 (-3.2%)	$1,791 (+14.1%)	0.1%	$27.55	+518.0%	COM	G3730V105
CAVA	CAVA GROUP INC	5,632 (-38.0%)	$331 (-39.7%)	0.0%	$80.90	-31.1%	COM	148929102
LPX	LOUISIANA-PACIFIC CORPORATION	605 (-79.7%)	$49 (-81.6%)	0.0%	$74.32	+13.7%	COM	546347105
COIN	COINBASE GLOBAL INC	1,703 (-4.3%)	$385 (-35.9%)	0.0%	$216.14	+37.9%	COM	19260Q107
AXON	AXON ENTERPRISE INC	1,164 (-4.4%)	$661 (-24.3%)	0.0%	$322.43	+92.4%	COM	05464C101
AAPL	APPLE INC	19,619 (-2.6%)	$5,334 (+4.0%)	0.2%	$122.40	+119.2%	COM	037833100
VEEV	VEEVA SYSTEMS INC	2,233 (-4.3%)	$498 (-28.3%)	0.0%	$106.49	+149.2%	COM	922475108
EXAS	EXACT SCIENCES CORP	4,224 (-4.3%)	$429 (+77.6%)	0.0%	$54.94	+46.2%	COM	30063P105
BIIB	BIOGEN IDEC INC	6,027 (-3.5%)	$1,061 (+21.2%)	0.0%	$129.79	+25.9%	COM	09062X103
VST	VISTRA CORP	4,132 (-4.3%)	$667 (-21.2%)	0.0%	$122.19	+48.9%	COM	92840M102
KNSL	KINSALE CAPITAL GROUP INC	572 (-37.6%)	$224 (-42.6%)	0.0%	$394.20	+3.4%	COM	49714P108
AX	AXOS FINANCIAL INC	521,379 (-1.4%)	$44,922 (+0.3%)	1.4%	$49.56	+66.2%	COM	05465C100
ALNY	ALNYLAM PHARMACEUTICALS INC	1,622 (-4.3%)	$645 (-16.6%)	0.0%	$129.70	+241.2%	COM	02043Q107
ALAB	ASTERA LABS INC	3,162 (-4.3%)	$526 (-18.7%)	0.0%	$74.60	+124.3%	COM	04626A103
TDY	TELEDYNE TECHNOLOGIES INC	1,121 (-4.3%)	$573 (-16.6%)	0.0%	$397.61	+32.5%	COM	879360105
NET	CLOUDFLARE INC	4,196 (-4.3%)	$827 (-12.0%)	0.0%	$74.06	+185.6%	COM	18915M107
RCL	ROYAL CARIBBEAN CRUISES LTD	1,857 (-4.3%)	$518 (-17.5%)	0.0%	$241.18	+16.8%	COM	V7780T103
PINS	PINTEREST INC	13,709 (-4.3%)	$355 (-23.0%)	0.0%	$31.64	-9.0%	COM	72352L106
AMZN	AMAZON.COM, INC	17,810 (-2.5%)	$4,111 (+2.5%)	0.1%	$121.61	+88.1%	COM	023135106
HUBS	HUBSPOT INC	1,153 (-4.2%)	$463 (-17.8%)	0.0%	$523.83	-20.9%	COM	443573100
CSGP	COSTAR GROUP INC	4,808 (-4.3%)	$323 (-23.7%)	0.0%	$81.32	-12.9%	COM	22160N109
AVGO	BROADCOM LTD	10,838 (-2.5%)	$3,751 (+2.2%)	0.1%	$154.33	+131.3%	COM	11135F101
FLUT	FLUTTER ENTERTAINMENT	1,621 (-4.3%)	$349 (-19.0%)	0.0%	$292.68	-23.2%	COM	G3643J108
PANW	PALO ALTO NETWORKS, INC	3,226 (-2.5%)	$594 (-11.8%)	0.0%	$134.77	+49.7%	COM	697435105
APP	APPLOVIN CORP	1,139 (-2.6%)	$767 (-8.6%)	0.0%	$461.14	+36.6%	COM	03831W108
MPWR	MONOLITHICPOWER SYSTEMS INC	1,274 (-4.3%)	$1,155 (-5.8%)	0.0%	$535.80	+79.3%	COM	609839105
GNRC	GENERAC HOLDINGS INC	1,770 (-4.3%)	$241 (-22.1%)	0.0%	$161.67	-0.2%	COM	368736104
NTNX	NUTANIX INC	2,532 (-4.3%)	$131 (-33.5%)	0.0%	$73.39	-16.7%	COM	67059N108
INDI	INDIE SEMICONDUCTOR INC	101,109 (-2.5%)	$357 (-15.5%)	0.0%	$6.00	-26.9%	COM	45569U101
TWLO	TWILIO INC	1,737 (-4.6%)	$247 (+35.6%)	0.0%	$91.65	+35.2%	COM	90138F102
COST	COSTCO WHOLESALE CORP	731 (-2.5%)	$630 (-9.2%)	0.0%	$485.11	+86.7%	COM	22160K105
TSCO	TRACTOR SUPPLY COMPANY	6,558 (-4.3%)	$328 (-15.8%)	0.0%	$54.73	-1.9%	COM	892356106
EXPE	EXPEDIA GROUP INC	960 (-4.3%)	$272 (+26.9%)	0.0%	$143.48	+72.1%	COM	30212P303
UTHR	UNITED THERAPEUTICS CORP DEL	1,069 (-4.2%)	$521 (+11.3%)	0.0%	$336.94	+38.2%	COM	91307C102
LHX	L3 HARRIS TECHNOLOGIES INC	2,042 (-4.3%)	$599 (-8.0%)	0.0%	$191.73	+50.4%	COM	502431109
DAL	DELTA AIR LINES INC	4,857 (-4.3%)	$337 (+17.0%)	0.0%	$48.79	+28.0%	COM	247361702
TTD	THE TRADE DESK	3,276 (-4.3%)	$124 (-25.9%)	0.0%	$85.22	-48.0%	COM	88339J105
BURL	BURLINGTON STORES INC	1,821 (-4.1%)	$526 (+8.8%)	0.0%	$202.09	+34.2%	COM	122017106
TJX	TJX COS.	7,602 (-2.5%)	$1,168 (+3.6%)	0.0%	$65.31	+126.1%	COM	872540109
VRSK	VERISK ANALYTICS INC	1,030 (-4.2%)	$230 (-14.8%)	0.0%	$236.40	-4.7%	COM	92345Y106
H	HYATT HOTELS CORPORATION	3,189 (-4.3%)	$511 (+8.1%)	0.0%	$109.88	+39.4%	COM	448579102
BROS	DUTCH BROS INC	5,727 (-4.3%)	$351 (+11.9%)	0.0%	$65.23	-12.9%	COM	26701L100
FTI	TECHNIPFMC PLC	10,632 (-4.3%)	$474 (+8.1%)	0.0%	$24.65	+71.2%	COM	G87110105
HEI	HEICO CORPORATION	2,505 (-4.2%)	$811 (-4.0%)	0.0%	$213.81	+47.8%	COM	422806109
WAL	WESTERN ALLIANCE BANCORP	4,921 (-4.3%)	$414 (-7.2%)	0.0%	$54.78	+47.2%	COM	957638109
VRT	VERTIV HOLDINGS	7,216 (-4.3%)	$1,169 (+2.8%)	0.0%	$95.41	+81.9%	COM	92537N108
FCNCA	FIRST CITIZENS BANCSHARES INC CL A	95 (-4.0%)	$204 (+15.1%)	0.0%	$1897.78	-0.7%	COM	31946M103
MTZ	MASTEC INC	8,527 (-3.4%)	$1,854 (-1.4%)	0.1%	$105.04	+99.8%	COM	576323109
ROKU	ROKU INC	6,219 (-4.3%)	$675 (+3.7%)	0.0%	$73.95	+37.3%	COM	77543R102
MTDR	MATADOR RESOURCES CO	5,213 (-4.3%)	$221 (-9.6%)	0.0%	$50.09	-16.2%	COM	576485205
COR	CENCORA INC	1,748 (-4.3%)	$590 (+3.4%)	0.0%	$286.82	+18.8%	COM	03073E105
EQT	EQT CORP	5,327 (-4.3%)	$286 (-5.8%)	0.0%	$33.07	+69.7%	COM	26884L109
APO	APOLLO GLOBAL MANAGEMENT LLC	3,020 (-4.3%)	$437 (+4.0%)	0.0%	$96.59	+37.2%	COM	03769M106
LPLA	LPL FINANCIAL HOLDINGS INC	1,672 (-4.2%)	$597 (+2.8%)	0.0%	$284.38	+24.4%	COM	50212V100
SPGI	S&P GLOBAL INC	764 (-4.1%)	$399 (+2.9%)	0.0%	$267.08	+85.0%	COM	78409V104
TSLA	TESLA MOTORS, INC	1,511 (-2.5%)	$680 (-1.4%)	0.0%	$260.82	+70.0%	COM	88160R101
DECK	DECKERS OUTDOOR CORPORATION	3,641 (-4.3%)	$377 (-2.1%)	0.0%	$151.88	-38.3%	COM	243537107
MSCI	MSCI INC	404 (-4.3%)	$232 (-3.2%)	0.0%	$511.70	+9.4%	COM	55354G100
TXRH	TEXAS ROADHOUSE INC CL A	1,005 (-4.3%)	$167 (-4.4%)	0.0%	$182.18	-7.4%	COM	882681109
STE	STERIS PUBLIC LIMITED COMPANY	1,404 (-4.2%)	$356 (-1.9%)	0.0%	$231.81	+8.3%	COM	G8473T100
PWR	QUANTA SVCS INC	426 (-4.3%)	$180 (-2.5%)	0.0%	$321.23	+36.7%	COM	74762E102
FANG	DIAMONDBACK ENERGY INC	1,718 (-4.3%)	$258 (+0.5%)	0.0%	$94.62	+55.4%	COM	25278X109
V	VISA INC-CLASS A	2,123 (-2.5%)	$745 (+0.1%)	0.0%	$170.26	+99.9%	COM	92826C839
NU	NU HOLDINGS LTD	20,752 (-4.3%)	$347 (+0.1%)	0.0%	$12.35	+30.1%	COM	G6683N103
PLNT	PLANET FITNESS INC	4,655 (-4.3%)	$505 (+0.0%)	0.0%	$100.64	+2.3%	COM	72703H101

Unchanged Positions (54)

COGT COGENT BIOSCIENCES INC 1.7%

Value ($000) $56,240 Shares 1,583,346 Est. Cost $6.08 Unrealized +362.6%

VRNS VARONIS SYSTEMS INC 0.9%

Value ($000) $29,775 Shares 907,764 Est. Cost $40.77 Unrealized +3.0%

CORT CORCEPT THERAPEUTICS INC 0.2%

Value ($000) $8,099 Shares 232,739 Est. Cost $69.51 Unrealized +13.0%

ATEC ALPHATEC HOLDINGS INC 1.1%

Value ($000) $34,458 Shares 1,637,729 Est. Cost $10.46 Unrealized +76.9%

SVRA SAVARA INC 0.6%

Value ($000) $21,078 Shares 3,495,496 Est. Cost $3.23 Unrealized +51.4%

AXSM AXSOME THERAPEUTICS INC 0.6%

Value ($000) $19,740 Shares 108,082 Est. Cost $105.89 Unrealized +31.8%

OLLI OLLIE'S BARGAIN OUTLET HOLDINGS 1.0%

Value ($000) $32,728 Shares 298,582 Est. Cost $83.89 Unrealized +43.7%

EYE NATIONAL VISION HOLDINGS 1.2%

Value ($000) $40,407 Shares 1,564,955 Est. Cost $21.12 Unrealized +27.4%

PLMR PALOMAR HOLDINGS INC 1.3%

Value ($000) $40,693 Shares 301,964 Est. Cost $57.44 Unrealized +112.5%

KALV KALVISTA PHARMACEUTICALS INC 0.7%

Value ($000) $21,649 Shares 1,340,495 Est. Cost $13.08 Unrealized +1.3%

BJRI BJ'S RESTAURANT INC 0.7%

Value ($000) $21,734 Shares 551,622 Est. Cost $41.51 Unrealized -14.4%

AGYS AGILYSYS INC 1.2%

Value ($000) $39,031 Shares 328,431 Est. Cost $79.18 Unrealized +52.0%

FOUR SHIFT4 PAYMENTS INC 0.5%

Value ($000) $17,651 Shares 280,306 Est. Cost $53.45 Unrealized +32.2%

MOD MODINE MANUFACTURING CO 1.6%

Value ($000) $52,060 Shares 389,935 Est. Cost $100.62 Unrealized +48.0%

VC VISTEON CORP 0.3%

Value ($000) $11,105 Shares 116,770 Est. Cost $117.24 Unrealized -9.8%

FIVE FIVE BELOW 0.5%

Value ($000) $16,126 Shares 85,611 Est. Cost $97.20 Unrealized +67.2%

STRL STERLING INFRASTRUCTURE INC 0.8%

Value ($000) $25,119 Shares 82,025 Est. Cost $211.15 Unrealized +63.2%

PDFS PDF SOLUTIONS INC 0.8%

Value ($000) $26,914 Shares 943,372 Est. Cost $29.23 Unrealized -5.3%

MRCY MERCURY SYSTEMS INC 1.2%

Value ($000) $38,777 Shares 531,115 Est. Cost $50.64 Unrealized +46.9%

MIRM MIRUM PHARMACEUTICALS INC 0.9%

Value ($000) $29,000 Shares 367,134 Est. Cost $47.81 Unrealized +50.1%

SPXC SPX TECHNOLOGIES INC 0.9%

Value ($000) $30,567 Shares 152,787 Est. Cost $152.56 Unrealized —

SWIM LATHAM GROUP INC 0.2%

Value ($000) $6,196 Shares 975,704 Est. Cost $6.08 Unrealized +15.0%

SKYT SKYWATER TECHNOLOGY INC 0.7%

Value ($000) $23,955 Shares 1,319,113 Est. Cost $14.02 Unrealized +23.9%

LTH LIFETIME GROUP HOLDINGS INC 0.6%

Value ($000) $18,153 Shares 682,945 Est. Cost $29.39 Unrealized -11.4%

QBTS D-WAVE QUANTUM INC 0.4%

Value ($000) $14,207 Shares 543,272 Est. Cost $11.76 Unrealized +147.6%

TRIN TRINITY CAPITAL INC 0.4%

Value ($000) $11,864 Shares 809,810 Est. Cost $8.55 Unrealized +64.7%

OSW ONESPAWORLD HOLDINGS LIMITED 0.6%

Value ($000) $18,934 Shares 912,932 Est. Cost $18.19 Unrealized +15.0%

MIR MIRION TECHNOLOGIES INC 0.8%

Value ($000) $26,632 Shares 1,137,146 Est. Cost $16.61 Unrealized +50.1%

PAL PROFICIENT AUTO LOGISTICS INC 0.0%

Value ($000) $434 Shares 45,025 Est. Cost $9.89 Unrealized -20.7%

ZVIA ZEVIA PBC 0.0%

Value ($000) $386 Shares 166,403 Est. Cost $2.63 Unrealized -5.7%

GBFH GBANK FINANCIAL HOLDINGS INC 0.0%

Value ($000) $306 Shares 9,042 Est. Cost $37.79 Unrealized -3.1%

AII AMERICAN INTEGRITY INSURANCE GROUP 0.0%

Value ($000) $659 Shares 31,621 Est. Cost $16.87 Unrealized +31.8%

ANIP ANI PHARMACEUTICALS INC 0.0%

Value ($000) $99 Shares 1,256 Est. Cost $59.54 Unrealized +45.4%

AMGN AMGEN INC 0.0%

Value ($000) $87 Shares 266 Est. Cost $255.10 Unrealized +23.9%

NWFL NORWOOD FINANCIAL CORP 0.0%

Value ($000) $126 Shares 4,500 Est. Cost $29.13 Unrealized -6.4%

HLI HOULIHAN LOKEY 0.0%

Value ($000) $60 Shares 345 Est. Cost $59.65 Unrealized +207.0%

OCUL OCULAR THERAPEUTIX INC 0.0%

Value ($000) $252 Shares 20,768 Est. Cost $11.08 Unrealized +9.6%

FNB F N B CORP PA 0.0%

Value ($000) $132 Shares 7,699 Est. Cost $11.03 Unrealized +47.5%

CCNE CNB FINL CORP PA 0.0%

Value ($000) $73 Shares 2,779 Est. Cost $12.45 Unrealized +102.9%

FFIN FIRST FINL BANCSHARES INC 0.0%

Value ($000) $35 Shares 1,157 Est. Cost $34.19 Unrealized -8.3%

WHD CACTUS INC 0.0%

Value ($000) $32 Shares 700 Est. Cost $44.85 Unrealized -6.8%

KRG KITE REALTY GROUP INC 0.0%

Value ($000) $50 Shares 2,073 Est. Cost $21.68 Unrealized —

FULT FULTON FINL CORP PA 0.0%

Value ($000) $81 Shares 4,192 Est. Cost $16.54 Unrealized +10.2%

EFSC ENTERPRISE FINL SVCS CORP 0.0%

Value ($000) $29 Shares 530 Est. Cost $37.72 Unrealized +44.9%

AMT AMERICAN TOWER CORP 0.0%

Value ($000) $21 Shares 118 Est. Cost $167.65 Unrealized +7.5%

BUSE FIRST BUSEY CORP 0.0%

Value ($000) $60 Shares 2,509 Est. Cost $24.20 Unrealized -4.1%

WSBC WESBANCO INC 0.0%

Value ($000) $29 Shares 865 Est. Cost $33.27 Unrealized -2.9%

BPOP POPULAR INC 0.0%

Value ($000) $53 Shares 425 Est. Cost $73.33 Unrealized +60.4%

CZNC CITIZENS & NORTHERN CORP 0.0%

Value ($000) $46 Shares 2,300 Est. Cost $16.71 Unrealized +17.2%

FCF FIRST COMMONWEALTH FINANCIAL CORPORATION 0.0%

Value ($000) $68 Shares 4,044 Est. Cost $12.07 Unrealized +34.4%

— PINNACLE FINL PARTNERS INC 0.0%

Value ($000) $39 Shares 407 Est. Cost $67.04 Unrealized —

SNOW SNOWFLAKE INC CLASS A 0.0%

Value ($000) $23 Shares 105 Est. Cost $193.91 Unrealized +25.9%

FWRD FORWARD AIR CORP COM 0.0%

Value ($000) $15 Shares 585 Est. Cost $17.76 Unrealized +26.7%

OFIX ORTHOFIX MEDICAL INC 0.0%

Value ($000) $2 Shares 101 Est. Cost $17.33 Unrealized -11.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COGT	COGENT BIOSCIENCES INC	1,583,346	$56,240	1.7%	$6.08	+362.6%	COM	19240Q201
VRNS	VARONIS SYSTEMS INC	907,764	$29,775	0.9%	$40.77	+3.0%	COM	922280102
CORT	CORCEPT THERAPEUTICS INC	232,739	$8,099	0.2%	$69.51	+13.0%	COM	218352102
ATEC	ALPHATEC HOLDINGS INC	1,637,729	$34,458	1.1%	$10.46	+76.9%	COM	02081G201
SVRA	SAVARA INC	3,495,496	$21,078	0.6%	$3.23	+51.4%	COM	805111101
AXSM	AXSOME THERAPEUTICS INC	108,082	$19,740	0.6%	$105.89	+31.8%	COM	05464T104
OLLI	OLLIE'S BARGAIN OUTLET HOLDINGS	298,582	$32,728	1.0%	$83.89	+43.7%	COM	681116109
EYE	NATIONAL VISION HOLDINGS	1,564,955	$40,407	1.2%	$21.12	+27.4%	COM	63845R107
PLMR	PALOMAR HOLDINGS INC	301,964	$40,693	1.3%	$57.44	+112.5%	COM	69753M105
KALV	KALVISTA PHARMACEUTICALS INC	1,340,495	$21,649	0.7%	$13.08	+1.3%	COM	483497103
BJRI	BJ'S RESTAURANT INC	551,622	$21,734	0.7%	$41.51	-14.4%	COM	09180C106
AGYS	AGILYSYS INC	328,431	$39,031	1.2%	$79.18	+52.0%	COM	00847J105
FOUR	SHIFT4 PAYMENTS INC	280,306	$17,651	0.5%	$53.45	+32.2%	COM	82452J109
MOD	MODINE MANUFACTURING CO	389,935	$52,060	1.6%	$100.62	+48.0%	COM	607828100
VC	VISTEON CORP	116,770	$11,105	0.3%	$117.24	-9.8%	COM	92839U206
FIVE	FIVE BELOW	85,611	$16,126	0.5%	$97.20	+67.2%	COM	33829M101
STRL	STERLING INFRASTRUCTURE INC	82,025	$25,119	0.8%	$211.15	+63.2%	COM	859241101
PDFS	PDF SOLUTIONS INC	943,372	$26,914	0.8%	$29.23	-5.3%	COM	693282105
MRCY	MERCURY SYSTEMS INC	531,115	$38,777	1.2%	$50.64	+46.9%	COM	589378108
MIRM	MIRUM PHARMACEUTICALS INC	367,134	$29,000	0.9%	$47.81	+50.1%	COM	604749101
SPXC	SPX TECHNOLOGIES INC	152,787	$30,567	0.9%	$152.56	—	COM	78473E103
SWIM	LATHAM GROUP INC	975,704	$6,196	0.2%	$6.08	+15.0%	COM	51819L107
SKYT	SKYWATER TECHNOLOGY INC	1,319,113	$23,955	0.7%	$14.02	+23.9%	COM	83089J108
LTH	LIFETIME GROUP HOLDINGS INC	682,945	$18,153	0.6%	$29.39	-11.4%	COM	53190C102
QBTS	D-WAVE QUANTUM INC	543,272	$14,207	0.4%	$11.76	+147.6%	COM	26740W109
TRIN	TRINITY CAPITAL INC	809,810	$11,864	0.4%	$8.55	+64.7%	COM	896442308
OSW	ONESPAWORLD HOLDINGS LIMITED	912,932	$18,934	0.6%	$18.19	+15.0%	COM	P73684113
MIR	MIRION TECHNOLOGIES INC	1,137,146	$26,632	0.8%	$16.61	+50.1%	COM	60471A101
PAL	PROFICIENT AUTO LOGISTICS INC	45,025	$434	0.0%	$9.89	-20.7%	COM	74317M104
ZVIA	ZEVIA PBC	166,403	$386	0.0%	$2.63	-5.7%	COM	98955K104
GBFH	GBANK FINANCIAL HOLDINGS INC	9,042	$306	0.0%	$37.79	-3.1%	COM	36166F100
AII	AMERICAN INTEGRITY INSURANCE GROUP	31,621	$659	0.0%	$16.87	+31.8%	COM	026948109
ANIP	ANI PHARMACEUTICALS INC	1,256	$99	0.0%	$59.54	+45.4%	COM	00182C103
AMGN	AMGEN INC	266	$87	0.0%	$255.10	+23.9%	COM	031162100
NWFL	NORWOOD FINANCIAL CORP	4,500	$126	0.0%	$29.13	-6.4%	COM	669549107
HLI	HOULIHAN LOKEY	345	$60	0.0%	$59.65	+207.0%	COM	441593100
OCUL	OCULAR THERAPEUTIX INC	20,768	$252	0.0%	$11.08	+9.6%	COM	67576A100
FNB	F N B CORP PA	7,699	$132	0.0%	$11.03	+47.5%	COM	302520101
CCNE	CNB FINL CORP PA	2,779	$73	0.0%	$12.45	+102.9%	COM	126128107
FFIN	FIRST FINL BANCSHARES INC	1,157	$35	0.0%	$34.19	-8.3%	COM	32020R109
WHD	CACTUS INC	700	$32	0.0%	$44.85	-6.8%	COM	127203107
KRG	KITE REALTY GROUP INC	2,073	$50	0.0%	$21.68	—	COM	49803T300
FULT	FULTON FINL CORP PA	4,192	$81	0.0%	$16.54	+10.2%	COM	360271100
EFSC	ENTERPRISE FINL SVCS CORP	530	$29	0.0%	$37.72	+44.9%	COM	293712105
AMT	AMERICAN TOWER CORP	118	$21	0.0%	$167.65	+7.5%	COM	03027X100
BUSE	FIRST BUSEY CORP	2,509	$60	0.0%	$24.20	-4.1%	COM	319383204
WSBC	WESBANCO INC	865	$29	0.0%	$33.27	-2.9%	COM	950810101
BPOP	POPULAR INC	425	$53	0.0%	$73.33	+60.4%	COM	733174700
CZNC	CITIZENS & NORTHERN CORP	2,300	$46	0.0%	$16.71	+17.2%	COM	172922106
FCF	FIRST COMMONWEALTH FINANCIAL CORPORATION	4,044	$68	0.0%	$12.07	+34.4%	COM	319829107
—	PINNACLE FINL PARTNERS INC	407	$39	0.0%	$67.04	—	COM	72346Q104
SNOW	SNOWFLAKE INC CLASS A	105	$23	0.0%	$193.91	+25.9%	COM	833445109
FWRD	FORWARD AIR CORP COM	585	$15	0.0%	$17.76	+26.7%	COM	34986A104
OFIX	ORTHOFIX MEDICAL INC	101	$2	0.0%	$17.33	-11.9%	COM	68752M108