Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LRCX	LAM RESEARCH CORP	760,335	$162M	0.5%	$225.94	0.0%	COM NEW	512807306
FTAI	FTAI AVIATION LTD	312,613	$76.59M	0.3%	$270.82	0.0%	SHS	G3730V105
PANW	PALO ALTO NETWORKS INC	464,118	$74.41M	0.2%	$172.15	0.0%	COM	697435105
AZN	ASTRAZENECA PLC	365,554	$70.89M	0.2%	$190.39	0.0%	ORD	G0593M107
CCJ	CAMECO CORP	652,342	$70.85M	0.2%	$116.28	0.0%	COM	13321L108
META	META PLATFORMS INC	112,800	$64.54M	0.2%	$609.79	+7.5%	PUT	30303M102
MMYT	MAKEMYTRIP LIMITED MAURITIUS	1,701,456	$63.45M	0.2%	$65.57	0.0%	SHS	V5633W109
FIX	COMFORT SYS USA INC	40,000	$55.16M	0.2%	$1043.96	+14.6%	PUT	199908104
NVDA	NVIDIA CORPORATION	298,400	$52.04M	0.2%	$123.02	+51.7%	CALL	67066G104
LRCX	LAM RESEARCH CORP	237,200	$50.68M	0.2%	$225.94	0.0%	PUT	512807306
BE	BLOOM ENERGY CORP	359,354	$48.69M	0.2%	$144.65	0.0%	COM CL A	093712107
KLAC	KLA CORP	32,387	$47.69M	0.2%	$1462.03	0.0%	COM NEW	482480100
GEHC	GE HEALTHCARE TECHNOLOGIES I	636,800	$45.33M	0.1%	$79.14	+3.9%	PUT	36266G107
EWZ	ISHARES INC	1,076,815	$41.34M	0.1%	$38.39	—	MSCI BRAZIL ETF	464286400
DE	DEERE & CO	66,141	$37.26M	0.1%	$551.35	0.0%	COM	244199105
G	GENPACT LIMITED	806,352	$30.04M	0.1%	$42.59	0.0%	SHS	G3922B107
BE	BLOOM ENERGY CORP	199,400	$27.02M	0.1%	$144.65	0.0%	PUT	093712107
TER	TERADYNE INC	89,490	$26.53M	0.1%	$265.87	0.0%	COM	880770102
TMO	THERMO FISHER SCIENTIFIC INC	51,600	$25.36M	0.1%	$354.53	+62.1%	PUT	883556102
STRL	STERLING INFRASTRUCTURE INC	58,950	$24.01M	0.1%	$376.45	0.0%	COM	859241101
FTAI	FTAI AVIATION LTD	93,700	$22.96M	0.1%	$270.82	0.0%	PUT	G3730V105
STX	SEAGATE TECHNOLOGY HLDNGS PL	58,104	$22.76M	0.1%	$376.45	0.0%	ORD SHS	G7997R103
MU	MICRON TECHNOLOGY INC	66,870	$22.59M	0.1%	$387.04	0.0%	COM	595112103
WDC	WESTERN DIGITAL CORP	83,092	$22.48M	0.1%	$251.23	0.0%	COM	958102105
SNDK	SANDISK CORP	30,484	$19.37M	0.1%	$516.50	0.0%	COM	80004C200
LITE	LUMENTUM HLDGS INC	25,926	$18.22M	0.1%	$467.14	0.0%	COM	55024U109
CIEN	CIENA CORP	44,437	$17.25M	0.1%	$270.92	0.0%	COM NEW	171779309
AGX	ARGAN INC	29,436	$16.03M	0.1%	$370.57	0.0%	COM	04010E109
DNN	DENISON MINES CORP	3,728,993	$13.16M	0.0%	$3.77	0.0%	COM	248356107
CMI	CUMMINS INC	23,019	$12.38M	0.0%	$575.50	0.0%	COM	231021106
FLY	FIREFLY AEROSPACE INC	400,000	$11.39M	0.0%	$31.82	-20.7%	CALL	31816X106
UEC	URANIUM ENERGY CORP	769,379	$10.39M	0.0%	$16.48	0.0%	COM	916896103
UUUU	ENERGY FUELS INC	557,953	$10.18M	0.0%	$21.60	0.0%	COM NEW	292671708
YSS	YORK SPACE SYSTEMS INC	450,000	$9.976M	0.0%	$22.17	—	COM	987084100
BKNG	BOOKING HOLDINGS INC	1,300	$5.473M	0.0%	$4904.63	-2.5%	PUT	09857L108
LIN	LINDE PLC	5,900	$2.925M	0.0%	$434.33	+5.9%	PUT	G54950103
ATAT	ATOUR LIFESTYLE HLDGS LTD	78,244	$2.88M	0.0%	$36.81	—	SPONSORED ADS	04965M106
TGB	TASEKO MINES LTD	423,901	$2.739M	0.0%	$7.51	0.0%	COM	876511106
FIGR	FIGURE TECHNOLOGY SOLUTIO	41,675	$1.415M	0.0%	$49.37	0.0%	COM CL A	349381103
RPID	RAPID MICRO BIOSYSTEMS INC	21,818	$49,527	0.0%	$3.92	0.0%	CLASS A COM	75340L104

Increased Positions (54)

BLK BLACKROCK INC 16.8%

Value $5.126B (-6.0%) Shares 5,330,492 (+4.7%) Est. Cost $995.79 Unrealized +10.2%

V VISA INC 6.6%

Value $2.016B (-11.4%) Shares 6,671,628 (+2.8%) Est. Cost $159.75 Unrealized +106.1%

AVGO BROADCOM INC 3.6%

Value $1.096B (+26.8%) Shares 3,540,630 (+41.8%) Est. Cost $228.00 Unrealized +46.6%

KKR KKR & CO INC 1.1%

Value $326M (+91.8%) Shares 3,522,797 (+164.4%) Est. Cost $119.64 Unrealized -4.1%

TPG TPG INC 1.3%

Value $406M (-27.6%) Shares 10,028,107 (+14.1%) Est. Cost $46.84 Unrealized +22.2%

APO APOLLO GLOBAL MGMT INC 0.9%

Value $264M (+142.0%) Shares 2,368,162 (+214.4%) Est. Cost $133.41 Unrealized +0.0%

CDNS CADENCE DESIGN SYSTEM INC 0.7%

Value $208M (+272.9%) Shares 749,113 (+319.5%) Est. Cost $302.18 Unrealized +0.4%

NFLX NETFLIX INC. 0.7%

Value $199M (+205.7%) Shares 2,068,447 (+198.1%) Est. Cost $91.59 Unrealized -8.5%

GEV GE VERNOVA INC 1.5%

Value $470M (+38.3%) Shares 538,128 (+3.5%) Est. Cost $327.37 Unrealized +125.1%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.8%

Value $232M (+114.7%) Shares 3,261,309 (+147.4%) Est. Cost $79.14 Unrealized +3.9%

BKNG BOOKING HOLDINGS INC 0.8%

Value $236M (+75.1%) Shares 56,071 (+122.7%) Est. Cost $4904.63 Unrealized -2.5%

SPGI S&P GLOBAL INC 1.9%

Value $594M (-12.6%) Shares 1,396,452 (+7.4%) Est. Cost $448.55 Unrealized +8.2%

HDB HDFC BANK LTD 1.0%

Value $312M (-21.4%) Shares 12,559,656 (+15.5%) Est. Cost $50.40 Unrealized —

FIX COMFORT SYS USA INC 0.4%

Value $130M (+165.3%) Shares 94,356 (+79.5%) Est. Cost $1043.96 Unrealized +14.6%

ISRG INTUITIVE SURGICAL INC 0.3%

Value $105M (+320.3%) Shares 227,211 (+416.4%) Est. Cost $523.18 Unrealized -0.4%

NVDA NVIDIA CORPORATION 5.1%

Value $1.553B (-4.9%) Shares 8,902,808 (+1.7%) Est. Cost $123.02 Unrealized +51.7%

TMO THERMO FISHER SCIENTIFIC INC 1.9%

Value $588M (+13.8%) Shares 1,195,799 (+34.1%) Est. Cost $354.53 Unrealized +62.1%

TDG TRANSDIGM GROUP INC 0.8%

Value $254M (+31.1%) Shares 218,885 (+50.4%) Est. Cost $1327.77 Unrealized +2.5%

WDAY WORKDAY INC 0.4%

Value $116M (-33.7%) Shares 889,318 (+9.5%) Est. Cost $225.07 Unrealized -23.3%

BSX BOSTON SCIENTIFIC CORP 0.5%

Value $151M (-24.1%) Shares 2,399,426 (+15.3%) Est. Cost $96.84 Unrealized -11.4%

GE GE AEROSPACE 0.6%

Value $171M (+32.7%) Shares 603,418 (+44.0%) Est. Cost $226.96 Unrealized +40.2%

TECK TECK RESOURCES LTD 1.0%

Value $294M (+15.7%) Shares 5,685,453 (+7.1%) Est. Cost $41.16 Unrealized +33.6%

MSCI MSCI INC 0.8%

Value $230M (+17.5%) Shares 425,863 (+25.1%) Est. Cost $520.36 Unrealized +9.4%

LLY ELI LILLY & CO 0.5%

Value $159M (+25.8%) Shares 173,259 (+47.0%) Est. Cost $887.59 Unrealized +18.0%

UNH UNITEDHEALTH GROUP INC 0.3%

Value $104M (+41.9%) Shares 385,856 (+73.1%) Est. Cost $321.66 Unrealized -4.0%

MRVL MARVELL TECHNOLOGY INC 0.5%

Value $150M (+25.0%) Shares 1,516,386 (+7.2%) Est. Cost $70.77 Unrealized +14.6%

CRM SALESFORCE INC 0.5%

Value $151M (-16.5%) Shares 809,900 (+18.4%) Est. Cost $246.62 Unrealized -12.5%

AA ALCOA CORP 0.3%

Value $86.27M (+51.1%) Shares 1,300,647 (+21.1%) Est. Cost $37.80 Unrealized +61.6%

PDD PDD HOLDINGS INC 1.7%

Value $503M (-5.2%) Shares 4,926,061 (+5.2%) Est. Cost $120.77 Unrealized —

MA MASTERCARD INCORPORATED 5.3%

Value $1.608B (+1.7%) Shares 3,218,711 (+16.2%) Est. Cost $326.59 Unrealized +65.1%

AS AMER SPORTS INC 0.4%

Value $121M (+25.3%) Shares 3,665,157 (+42.1%) Est. Cost $37.09 Unrealized +3.0%

CAT CATERPILLAR INC 0.1%

Value $37.23M (+137.5%) Shares 52,553 (+92.1%) Est. Cost $617.29 Unrealized +10.9%

NXE NEXGEN ENERGY LTD 0.1%

Value $28.26M (+147.7%) Shares 2,436,471 (+96.5%) Est. Cost $10.33 Unrealized +15.1%

SE SEA LTD 1.4%

Value $437M (+3.8%) Shares 5,282,861 (+59.9%) Est. Cost $102.98 Unrealized —

NEE NEXTERA ENERGY INC 0.1%

Value $42.65M (+58.2%) Shares 459,165 (+36.7%) Est. Cost $83.76 Unrealized +4.1%

BZ KANZHUN LIMITED 0.2%

Value $58.19M (-20.2%) Shares 4,345,925 (+21.4%) Est. Cost $17.41 Unrealized —

NTES NETEASE COM INC 0.3%

Value $79.27M (+22.6%) Shares 708,114 (+50.7%) Est. Cost $107.20 Unrealized —

SCCO SOUTHERN COPPER CORP 0.2%

Value $46.5M (+31.8%) Shares 270,277 (+9.9%) Est. Cost $108.33 Unrealized +72.9%

APP APPLOVIN CORP 0.1%

Value $42.43M (+35.7%) Shares 106,600 (+129.7%) Est. Cost $630.10 Unrealized -19.5%

U UNITY SOFTWARE INC 0.3%

Value $101M (-9.7%) Shares 4,582,843 (+81.8%) Est. Cost $35.25 Unrealized -7.3%

PEP PEPSICO INC 0.3%

Value $90.01M (+12.5%) Shares 579,619 (+4.0%) Est. Cost $140.54 Unrealized +10.1%

WFC WELLS FARGO & CO 0.4%

Value $132M (-6.8%) Shares 1,661,772 (+9.1%) Est. Cost $78.28 Unrealized +15.0%

HD HOME DEPOT INC 0.2%

Value $53.69M (+20.6%) Shares 163,252 (+26.1%) Est. Cost $367.16 Unrealized +2.7%

FCX FREEPORT MCMORAN INC 0.1%

Value $39.34M (+28.4%) Shares 669,247 (+10.9%) Est. Cost $48.28 Unrealized +26.6%

U UNITY SOFTWARE INC 0.1%

Value $23.36M (+51.6%) Shares 1,064,600 (+205.2%) Est. Cost $35.25 Unrealized -7.3%

HBM HUDBAY MINERALS INC 0.1%

Value $23.77M (+49.6%) Shares 1,138,071 (+42.2%) Est. Cost $13.24 Unrealized +84.8%

DHR DANAHER CORP DEL 0.2%

Value $58.16M (-11.1%) Shares 306,776 (+7.3%) Est. Cost $211.40 Unrealized +6.3%

MRSH MARSH & MCLENNAN COS INC 0.1%

Value $39.74M (+22.2%) Shares 229,087 (+30.7%) Est. Cost $210.70 Unrealized -13.9%

U UNITY SOFTWARE INC 0.2%

Value $65.7M (+11.9%) Shares 2,994,600 (+125.2%) Est. Cost $35.25 Unrealized -7.3%

ADI ANALOG DEVICES INC 0.1%

Value $16.28M (+69.9%) Shares 51,160 (+44.8%) Est. Cost $270.90 Unrealized +16.7%

DASH DOORDASH INC 1.7%

Value $520M (-0.9%) Shares 3,461,501 (+49.4%) Est. Cost $168.37 Unrealized +16.8%

CLS CELESTICA INC 0.0%

Value $10.83M (+53.4%) Shares 38,456 (+61.0%) Est. Cost $301.21 Unrealized -0.1%

SNPS SYNOPSYS INC 0.1%

Value $28.42M (+8.7%) Shares 71,676 (+28.8%) Est. Cost $477.48 Unrealized -1.2%

ERO ERO COPPER CORP 0.1%

Value $15.4M (+14.9%) Shares 579,162 (+22.3%) Est. Cost $22.07 Unrealized +43.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BLK	BLACKROCK INC	5,330,492 (+4.7%)	$5.126B (-6.0%)	16.8%	$995.79	+10.2%	COM	09290D101
V	VISA INC	6,671,628 (+2.8%)	$2.016B (-11.4%)	6.6%	$159.75	+106.1%	COM CL A	92826C839
AVGO	BROADCOM INC	3,540,630 (+41.8%)	$1.096B (+26.8%)	3.6%	$228.00	+46.6%	COM	11135F101
KKR	KKR & CO INC	3,522,797 (+164.4%)	$326M (+91.8%)	1.1%	$119.64	-4.1%	COM	48251W104
TPG	TPG INC	10,028,107 (+14.1%)	$406M (-27.6%)	1.3%	$46.84	+22.2%	COM CL A	872657101
APO	APOLLO GLOBAL MGMT INC	2,368,162 (+214.4%)	$264M (+142.0%)	0.9%	$133.41	+0.0%	COM	03769M106
CDNS	CADENCE DESIGN SYSTEM INC	749,113 (+319.5%)	$208M (+272.9%)	0.7%	$302.18	+0.4%	COM	127387108
NFLX	NETFLIX INC.	2,068,447 (+198.1%)	$199M (+205.7%)	0.7%	$91.59	-8.5%	COM	64110L106
GEV	GE VERNOVA INC	538,128 (+3.5%)	$470M (+38.3%)	1.5%	$327.37	+125.1%	COM	36828A101
GEHC	GE HEALTHCARE TECHNOLOGIES I	3,261,309 (+147.4%)	$232M (+114.7%)	0.8%	$79.14	+3.9%	COMMON STOCK	36266G107
BKNG	BOOKING HOLDINGS INC	56,071 (+122.7%)	$236M (+75.1%)	0.8%	$4904.63	-2.5%	COM	09857L108
SPGI	S&P GLOBAL INC	1,396,452 (+7.4%)	$594M (-12.6%)	1.9%	$448.55	+8.2%	COM	78409V104
HDB	HDFC BANK LTD	12,559,656 (+15.5%)	$312M (-21.4%)	1.0%	$50.40	—	SPONSORED ADS	40415F101
FIX	COMFORT SYS USA INC	94,356 (+79.5%)	$130M (+165.3%)	0.4%	$1043.96	+14.6%	COM	199908104
ISRG	INTUITIVE SURGICAL INC	227,211 (+416.4%)	$105M (+320.3%)	0.3%	$523.18	-0.4%	COM NEW	46120E602
NVDA	NVIDIA CORPORATION	8,902,808 (+1.7%)	$1.553B (-4.9%)	5.1%	$123.02	+51.7%	COM	67066G104
TMO	THERMO FISHER SCIENTIFIC INC	1,195,799 (+34.1%)	$588M (+13.8%)	1.9%	$354.53	+62.1%	COM	883556102
TDG	TRANSDIGM GROUP INC	218,885 (+50.4%)	$254M (+31.1%)	0.8%	$1327.77	+2.5%	COM	893641100
WDAY	WORKDAY INC	889,318 (+9.5%)	$116M (-33.7%)	0.4%	$225.07	-23.3%	CL A	98138H101
BSX	BOSTON SCIENTIFIC CORP	2,399,426 (+15.3%)	$151M (-24.1%)	0.5%	$96.84	-11.4%	COM	101137107
GE	GE AEROSPACE	603,418 (+44.0%)	$171M (+32.7%)	0.6%	$226.96	+40.2%	COM NEW	369604301
TECK	TECK RESOURCES LTD	5,685,453 (+7.1%)	$294M (+15.7%)	1.0%	$41.16	+33.6%	CL B	878742204
MSCI	MSCI INC	425,863 (+25.1%)	$230M (+17.5%)	0.8%	$520.36	+9.4%	COM	55354G100
LLY	ELI LILLY & CO	173,259 (+47.0%)	$159M (+25.8%)	0.5%	$887.59	+18.0%	COM	532457108
UNH	UNITEDHEALTH GROUP INC	385,856 (+73.1%)	$104M (+41.9%)	0.3%	$321.66	-4.0%	COM	91324P102
MRVL	MARVELL TECHNOLOGY INC	1,516,386 (+7.2%)	$150M (+25.0%)	0.5%	$70.77	+14.6%	COM	573874104
CRM	SALESFORCE INC	809,900 (+18.4%)	$151M (-16.5%)	0.5%	$246.62	-12.5%	COM	79466L302
AA	ALCOA CORP	1,300,647 (+21.1%)	$86.27M (+51.1%)	0.3%	$37.80	+61.6%	COM	013872106
PDD	PDD HOLDINGS INC	4,926,061 (+5.2%)	$503M (-5.2%)	1.7%	$120.77	—	SPONSORED ADS	722304102
MA	MASTERCARD INCORPORATED	3,218,711 (+16.2%)	$1.608B (+1.7%)	5.3%	$326.59	+65.1%	CL A	57636Q104
AS	AMER SPORTS INC	3,665,157 (+42.1%)	$121M (+25.3%)	0.4%	$37.09	+3.0%	COM SHS	G0260P102
CAT	CATERPILLAR INC	52,553 (+92.1%)	$37.23M (+137.5%)	0.1%	$617.29	+10.9%	COM	149123101
NXE	NEXGEN ENERGY LTD	2,436,471 (+96.5%)	$28.26M (+147.7%)	0.1%	$10.33	+15.1%	COM	65340P106
SE	SEA LTD	5,282,861 (+59.9%)	$437M (+3.8%)	1.4%	$102.98	—	SPONSORD ADS	81141R100
NEE	NEXTERA ENERGY INC	459,165 (+36.7%)	$42.65M (+58.2%)	0.1%	$83.76	+4.1%	COM	65339F101
BZ	KANZHUN LIMITED	4,345,925 (+21.4%)	$58.19M (-20.2%)	0.2%	$17.41	—	SPONSORED ADS	48553T106
NTES	NETEASE COM INC	708,114 (+50.7%)	$79.27M (+22.6%)	0.3%	$107.20	—	SPONSORED ADS	64110W102
SCCO	SOUTHERN COPPER CORP	270,277 (+9.9%)	$46.5M (+31.8%)	0.2%	$108.33	+72.9%	COM	84265V105
APP	APPLOVIN CORP	106,600 (+129.7%)	$42.43M (+35.7%)	0.1%	$630.10	-19.5%	PUT	03831W108
U	UNITY SOFTWARE INC	4,582,843 (+81.8%)	$101M (-9.7%)	0.3%	$35.25	-7.3%	COM	91332U101
PEP	PEPSICO INC	579,619 (+4.0%)	$90.01M (+12.5%)	0.3%	$140.54	+10.1%	COM	713448108
WFC	WELLS FARGO & CO	1,661,772 (+9.1%)	$132M (-6.8%)	0.4%	$78.28	+15.0%	COM	949746101
HD	HOME DEPOT INC	163,252 (+26.1%)	$53.69M (+20.6%)	0.2%	$367.16	+2.7%	COM	437076102
FCX	FREEPORT MCMORAN INC	669,247 (+10.9%)	$39.34M (+28.4%)	0.1%	$48.28	+26.6%	CL B	35671D857
U	UNITY SOFTWARE INC	1,064,600 (+205.2%)	$23.36M (+51.6%)	0.1%	$35.25	-7.3%	CALL	91332U101
HBM	HUDBAY MINERALS INC	1,138,071 (+42.2%)	$23.77M (+49.6%)	0.1%	$13.24	+84.8%	COM	443628102
DHR	DANAHER CORP DEL	306,776 (+7.3%)	$58.16M (-11.1%)	0.2%	$211.40	+6.3%	COM	235851102
MRSH	MARSH & MCLENNAN COS INC	229,087 (+30.7%)	$39.74M (+22.2%)	0.1%	$210.70	-13.9%	COM	571748102
U	UNITY SOFTWARE INC	2,994,600 (+125.2%)	$65.7M (+11.9%)	0.2%	$35.25	-7.3%	PUT	91332U101
ADI	ANALOG DEVICES INC	51,160 (+44.8%)	$16.28M (+69.9%)	0.1%	$270.90	+16.7%	COM	032654105
DASH	DOORDASH INC	3,461,501 (+49.4%)	$520M (-0.9%)	1.7%	$168.37	+16.8%	CL A	25809K105
CLS	CELESTICA INC	38,456 (+61.0%)	$10.83M (+53.4%)	0.0%	$301.21	-0.1%	COM	15101Q207
SNPS	SYNOPSYS INC	71,676 (+28.8%)	$28.42M (+8.7%)	0.1%	$477.48	-1.2%	COM	871607107
ERO	ERO COPPER CORP	579,162 (+22.3%)	$15.4M (+14.9%)	0.1%	$22.07	+43.8%	COM	296006109

Exited Positions (30)

ESTC ELASTIC N V 0.3%

Value $97.65M Shares 1,294,465 Est. Cost $84.13 Unrealized -20.4%

DT DYNATRACE INC 0.2%

Value $72.4M Shares 1,670,417 Est. Cost $49.62 Unrealized -22.6%

GOOGL ALPHABET INC 0.2%

Value $49.49M Shares 158,100 Est. Cost $186.14 Unrealized +73.7%

MCHI ISHARES TR 0.1%

Value $44.74M Shares 744,807 Est. Cost $60.07 Unrealized —

TWLO TWILIO INC 0.1%

Value $44.03M Shares 309,573 Est. Cost $123.87 Unrealized -1.6%

SCHP SCHWAB STRATEGIC TR 0.1%

Value $37.35M Shares 1,410,000 Est. Cost $39.13 Unrealized —

MRVL MARVELL TECHNOLOGY INC 0.1%

Value $33.08M Shares 389,300 Est. Cost $70.77 Unrealized +14.6%

CRS CARPENTER TECHNOLOGY CORP 0.1%

Value $29.28M Shares 93,000 Est. Cost $251.19 Unrealized +39.1%

INDA ISHARES TR 0.1%

Value $27.67M Shares 512,000 Est. Cost $54.05 Unrealized —

WRD WERIDE INC 0.1%

Value $25.86M Shares 2,978,803 Est. Cost $9.24 Unrealized —

NKE NIKE INC 0.1%

Value $20.95M Shares 328,900 Est. Cost $68.77 Unrealized -7.0%

ETN EATON CORP PLC 0.1%

Value $15.89M Shares 49,901 Est. Cost $308.95 Unrealized +14.5%

TSLA TESLA INC 0.1%

Value $15.72M Shares 34,950 Est. Cost $204.62 Unrealized +108.2%

COST COSTCO WHSL CORP NEW 0.0%

Value $10.39M Shares 12,045 Est. Cost $803.81 Unrealized +19.9%

CMG CHIPOTLE MEXICAN GRILL INC 0.0%

Value $9.458M Shares 255,622 Est. Cost $52.40 Unrealized -26.0%

TXN TEXAS INSTRS INC 0.0%

Value $8.862M Shares 51,080 Est. Cost $170.73 Unrealized +20.8%

QCOM QUALCOMM INC 0.0%

Value $8.034M Shares 46,971 Est. Cost $157.20 Unrealized -2.1%

ALAB ASTERA LABS INC 0.0%

Value $7.87M Shares 47,306 Est. Cost $167.29 Unrealized -5.8%

ANET ARISTA NETWORKS INC 0.0%

Value $7.625M Shares 58,189 Est. Cost $137.66 Unrealized -1.9%

HUBS HUBSPOT INC 0.0%

Value $7.209M Shares 17,965 Est. Cost $414.24 Unrealized -29.6%

AMD ADVANCED MICRO DEVICES INC 0.0%

Value $7.169M Shares 33,476 Est. Cost $224.60 Unrealized -1.3%

PCOR PROCORE TECHNOLOGIES INC 0.0%

Value $4.846M Shares 66,627 Est. Cost $73.96 Unrealized -18.5%

ORCL ORACLE CORP 0.0%

Value $3.326M Shares 17,065 Est. Cost $161.82 Unrealized +4.8%

PGY PAGAYA TECHNOLOGIES LTD 0.0%

Value $3.011M Shares 144,068 Est. Cost $32.30 Unrealized -42.6%

IOT SAMSARA INC 0.0%

Value $1.412M Shares 39,821 Est. Cost $41.33 Unrealized -28.0%

TTAN SERVICETITAN INC 0.0%

Value $1.378M Shares 12,937 Est. Cost $111.77 Unrealized -27.7%

GTLB GITLAB INC 0.0%

Value $807K Shares 21,494 Est. Cost $45.75 Unrealized -28.2%

CHYM CHIME FINL INC 0.0%

Value $747K Shares 29,695 Est. Cost $21.24 Unrealized +13.0%

RVMD REVOLUTION MEDICINES INC 0.0%

Value $251K Shares 3,148 Est. Cost $65.57 Unrealized +57.1%

BSLK BOLT PROJS HLDGS INC 0.0%

Value $98,751 Shares 123,593 Est. Cost $4.41 Unrealized -93.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ESTC	ELASTIC N V	1,294,465	$97.65M	0.3%	$84.13	-20.4%	—	N14506104
DT	DYNATRACE INC	1,670,417	$72.4M	0.2%	$49.62	-22.6%	—	268150109
GOOGL	ALPHABET INC	158,100	$49.49M	0.2%	$186.14	+73.7%	CALL	02079K305
MCHI	ISHARES TR	744,807	$44.74M	0.1%	$60.07	—	—	46429B671
TWLO	TWILIO INC	309,573	$44.03M	0.1%	$123.87	-1.6%	—	90138F102
SCHP	SCHWAB STRATEGIC TR	1,410,000	$37.35M	0.1%	$39.13	—	—	808524870
MRVL	MARVELL TECHNOLOGY INC	389,300	$33.08M	0.1%	$70.77	+14.6%	PUT	573874104
CRS	CARPENTER TECHNOLOGY CORP	93,000	$29.28M	0.1%	$251.19	+39.1%	PUT	144285103
INDA	ISHARES TR	512,000	$27.67M	0.1%	$54.05	—	—	46429B598
WRD	WERIDE INC	2,978,803	$25.86M	0.1%	$9.24	—	—	950915108
NKE	NIKE INC	328,900	$20.95M	0.1%	$68.77	-7.0%	CALL	654106103
ETN	EATON CORP PLC	49,901	$15.89M	0.1%	$308.95	+14.5%	—	G29183103
TSLA	TESLA INC	34,950	$15.72M	0.1%	$204.62	+108.2%	—	88160R101
COST	COSTCO WHSL CORP NEW	12,045	$10.39M	0.0%	$803.81	+19.9%	—	22160K105
CMG	CHIPOTLE MEXICAN GRILL INC	255,622	$9.458M	0.0%	$52.40	-26.0%	—	169656105
TXN	TEXAS INSTRS INC	51,080	$8.862M	0.0%	$170.73	+20.8%	—	882508104
QCOM	QUALCOMM INC	46,971	$8.034M	0.0%	$157.20	-2.1%	—	747525103
ALAB	ASTERA LABS INC	47,306	$7.87M	0.0%	$167.29	-5.8%	—	04626A103
ANET	ARISTA NETWORKS INC	58,189	$7.625M	0.0%	$137.66	-1.9%	—	040413205
HUBS	HUBSPOT INC	17,965	$7.209M	0.0%	$414.24	-29.6%	—	443573100
AMD	ADVANCED MICRO DEVICES INC	33,476	$7.169M	0.0%	$224.60	-1.3%	—	007903107
PCOR	PROCORE TECHNOLOGIES INC	66,627	$4.846M	0.0%	$73.96	-18.5%	—	74275K108
ORCL	ORACLE CORP	17,065	$3.326M	0.0%	$161.82	+4.8%	—	68389X105
PGY	PAGAYA TECHNOLOGIES LTD	144,068	$3.011M	0.0%	$32.30	-42.6%	—	M7S64L123
IOT	SAMSARA INC	39,821	$1.412M	0.0%	$41.33	-28.0%	—	79589L106
TTAN	SERVICETITAN INC	12,937	$1.378M	0.0%	$111.77	-27.7%	—	81764X103
GTLB	GITLAB INC	21,494	$807K	0.0%	$45.75	-28.2%	—	37637K108
CHYM	CHIME FINL INC	29,695	$747K	0.0%	$21.24	+13.0%	—	16935C109
RVMD	REVOLUTION MEDICINES INC	3,148	$251K	0.0%	$65.57	+57.1%	—	76155X100
BSLK	BOLT PROJS HLDGS INC	123,593	$98,751	0.0%	$4.41	-93.5%	—	09769B206

Decreased Positions (32)

MSFT MICROSOFT CORP 3.2%

Value $987M (-24.5%) Shares 2,667,081 (-1.4%) Est. Cost $426.13 Unrealized +2.0%

AMZN AMAZON COM INC 3.1%

Value $934M (-23.9%) Shares 4,484,072 (-15.6%) Est. Cost $165.32 Unrealized +37.2%

KWEB KRANESHARES TRUST 0.2%

Value $72.6M (-67.2%) Shares 2,553,474 (-60.7%) Est. Cost $33.36 Unrealized —

META META PLATFORMS INC 0.5%

Value $139M (-42.7%) Shares 242,312 (-33.9%) Est. Cost $609.79 Unrealized +7.5%

KBWB INVESCO EXCH TRADED FD TR II 0.3%

Value $87.42M (-47.9%) Shares 1,104,862 (-44.5%) Est. Cost $81.02 Unrealized —

EWY ISHARES INC 0.3%

Value $82.05M (-47.1%) Shares 667,056 (-58.2%) Est. Cost $85.20 Unrealized —

WIX WIX COM LTD 0.0%

Value $10.38M (-86.8%) Shares 115,282 (-84.8%) Est. Cost $137.14 Unrealized -40.6%

NOW SERVICENOW INC 0.1%

Value $35.78M (-64.7%) Shares 342,230 (-48.3%) Est. Cost $166.90 Unrealized -27.4%

YUMC YUM CHINA HLDGS INC 0.4%

Value $133M (-31.5%) Shares 2,717,548 (-33.0%) Est. Cost $43.87 Unrealized +17.5%

AAPL APPLE INC 0.4%

Value $130M (-28.1%) Shares 513,063 (-23.0%) Est. Cost $210.48 Unrealized +24.9%

SNOW SNOWFLAKE INC 0.1%

Value $30.73M (-62.0%) Shares 203,750 (-44.7%) Est. Cost $212.39 Unrealized -8.4%

APP APPLOVIN CORP 0.2%

Value $52.47M (-44.7%) Shares 131,822 (-6.3%) Est. Cost $630.10 Unrealized -19.5%

AMZN AMAZON COM INC 0.2%

Value $69.96M (-36.7%) Shares 335,900 (-29.8%) Est. Cost $165.32 Unrealized +37.2%

CRS CARPENTER TECHNOLOGY CORP 0.0%

Value $4.27M (-89.9%) Shares 10,833 (-91.9%) Est. Cost $251.19 Unrealized +39.1%

INTU INTUIT 0.1%

Value $36.8M (-46.7%) Shares 85,100 (-18.4%) Est. Cost $650.23 Unrealized -23.5%

NKE NIKE INC 0.1%

Value $24.93M (-54.5%) Shares 471,984 (-45.1%) Est. Cost $68.77 Unrealized -7.0%

VRT VERTIV HOLDINGS CO 0.3%

Value $103M (+35.2%) Shares 411,631 (-12.6%) Est. Cost $173.58 Unrealized +15.1%

GLBE GLOBAL E ONLINE LTD 0.2%

Value $55.75M (-32.4%) Shares 1,807,183 (-13.8%) Est. Cost $29.40 Unrealized +23.1%

ZTO ZTO EXPRESS CAYMAN INC 0.3%

Value $104M (-20.2%) Shares 4,147,325 (-33.8%) Est. Cost $12.07 Unrealized —

ONC BEONE MEDICINES LTD 0.8%

Value $256M (-8.3%) Shares 862,643 (-6.2%) Est. Cost $147.39 Unrealized —

INTU INTUIT 0.1%

Value $28.41M (-44.1%) Shares 65,700 (-14.3%) Est. Cost $650.23 Unrealized -23.5%

WMT WALMART INC 0.1%

Value $26.55M (-45.2%) Shares 213,662 (-50.9%) Est. Cost $87.55 Unrealized +39.4%

FLYW FLYWIRE CORPORATION 0.2%

Value $71.86M (-20.6%) Shares 6,173,385 (-3.4%) Est. Cost $33.54 Unrealized -62.3%

GH GUARDANT HEALTH INC 0.3%

Value $91.04M (-14.6%) Shares 985,571 (-5.6%) Est. Cost $30.84 Unrealized +248.4%

VNET VNET GROUP INC 0.0%

Value $12.13M (-55.9%) Shares 1,446,000 (-55.6%) Est. Cost $8.63 Unrealized —

HTHT H WORLD GROUP LTD 0.4%

Value $111M (-9.9%) Shares 2,210,391 (-15.7%) Est. Cost $35.96 Unrealized —

PAYO PAYONEER GLOBAL INC 0.1%

Value $32.48M (-22.9%) Shares 6,725,231 (-10.3%) Est. Cost $10.19 Unrealized -44.5%

LIN LINDE PLC 0.8%

Value $239M (+4.1%) Shares 481,354 (-10.4%) Est. Cost $434.33 Unrealized +5.9%

BZAI BLAIZE HLDGS INC 0.0%

Value $4.722M (-61.9%) Shares 2,594,264 (-59.2%) Est. Cost $5.51 Unrealized -70.3%

GEV GE VERNOVA INC 0.3%

Value $99.34M (+6.4%) Shares 113,800 (-20.3%) Est. Cost $327.37 Unrealized +125.1%

FLY FIREFLY AEROSPACE INC 0.1%

Value $18.88M (-21.1%) Shares 663,155 (-38.0%) Est. Cost $31.82 Unrealized -20.7%

VRT VERTIV HOLDINGS CO 0.1%

Value $29.52M (+10.8%) Shares 117,800 (-28.3%) Est. Cost $173.58 Unrealized +15.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	2,667,081 (-1.4%)	$987M (-24.5%)	3.2%	$426.13	+2.0%	COM	594918104
AMZN	AMAZON COM INC	4,484,072 (-15.6%)	$934M (-23.9%)	3.1%	$165.32	+37.2%	COM	023135106
KWEB	KRANESHARES TRUST	2,553,474 (-60.7%)	$72.6M (-67.2%)	0.2%	$33.36	—	CSI CHI INTERNET	500767306
META	META PLATFORMS INC	242,312 (-33.9%)	$139M (-42.7%)	0.5%	$609.79	+7.5%	CL A	30303M102
KBWB	INVESCO EXCH TRADED FD TR II	1,104,862 (-44.5%)	$87.42M (-47.9%)	0.3%	$81.02	—	KBW BK ETF	46138E628
EWY	ISHARES INC	667,056 (-58.2%)	$82.05M (-47.1%)	0.3%	$85.20	—	MSCI STH KOR ETF	464286772
WIX	WIX COM LTD	115,282 (-84.8%)	$10.38M (-86.8%)	0.0%	$137.14	-40.6%	SHS	M98068105
NOW	SERVICENOW INC	342,230 (-48.3%)	$35.78M (-64.7%)	0.1%	$166.90	-27.4%	COM	81762P102
YUMC	YUM CHINA HLDGS INC	2,717,548 (-33.0%)	$133M (-31.5%)	0.4%	$43.87	+17.5%	COM	98850P109
AAPL	APPLE INC	513,063 (-23.0%)	$130M (-28.1%)	0.4%	$210.48	+24.9%	COM	037833100
SNOW	SNOWFLAKE INC	203,750 (-44.7%)	$30.73M (-62.0%)	0.1%	$212.39	-8.4%	COM SHS	833445109
APP	APPLOVIN CORP	131,822 (-6.3%)	$52.47M (-44.7%)	0.2%	$630.10	-19.5%	COM CL A	03831W108
AMZN	AMAZON COM INC	335,900 (-29.8%)	$69.96M (-36.7%)	0.2%	$165.32	+37.2%	PUT	023135106
CRS	CARPENTER TECHNOLOGY CORP	10,833 (-91.9%)	$4.27M (-89.9%)	0.0%	$251.19	+39.1%	COM	144285103
INTU	INTUIT	85,100 (-18.4%)	$36.8M (-46.7%)	0.1%	$650.23	-23.5%	COM	461202103
NKE	NIKE INC	471,984 (-45.1%)	$24.93M (-54.5%)	0.1%	$68.77	-7.0%	CL B	654106103
VRT	VERTIV HOLDINGS CO	411,631 (-12.6%)	$103M (+35.2%)	0.3%	$173.58	+15.1%	COM CL A	92537N108
GLBE	GLOBAL E ONLINE LTD	1,807,183 (-13.8%)	$55.75M (-32.4%)	0.2%	$29.40	+23.1%	SHS	M5216V106
ZTO	ZTO EXPRESS CAYMAN INC	4,147,325 (-33.8%)	$104M (-20.2%)	0.3%	$12.07	—	SPONSORED ADS A	98980A105
ONC	BEONE MEDICINES LTD	862,643 (-6.2%)	$256M (-8.3%)	0.8%	$147.39	—	SPONSORED ADS	07725L102
INTU	INTUIT	65,700 (-14.3%)	$28.41M (-44.1%)	0.1%	$650.23	-23.5%	PUT	461202103
WMT	WALMART INC	213,662 (-50.9%)	$26.55M (-45.2%)	0.1%	$87.55	+39.4%	COM	931142103
FLYW	FLYWIRE CORPORATION	6,173,385 (-3.4%)	$71.86M (-20.6%)	0.2%	$33.54	-62.3%	COM VTG	302492103
GH	GUARDANT HEALTH INC	985,571 (-5.6%)	$91.04M (-14.6%)	0.3%	$30.84	+248.4%	COM	40131M109
VNET	VNET GROUP INC	1,446,000 (-55.6%)	$12.13M (-55.9%)	0.0%	$8.63	—	SPONSORED ADS A	90138A103
HTHT	H WORLD GROUP LTD	2,210,391 (-15.7%)	$111M (-9.9%)	0.4%	$35.96	—	SPONSORED ADS	44332N106
PAYO	PAYONEER GLOBAL INC	6,725,231 (-10.3%)	$32.48M (-22.9%)	0.1%	$10.19	-44.5%	COM	70451X104
LIN	LINDE PLC	481,354 (-10.4%)	$239M (+4.1%)	0.8%	$434.33	+5.9%	SHS	G54950103
BZAI	BLAIZE HLDGS INC	2,594,264 (-59.2%)	$4.722M (-61.9%)	0.0%	$5.51	-70.3%	COM	092915107
GEV	GE VERNOVA INC	113,800 (-20.3%)	$99.34M (+6.4%)	0.3%	$327.37	+125.1%	PUT	36828A101
FLY	FIREFLY AEROSPACE INC	663,155 (-38.0%)	$18.88M (-21.1%)	0.1%	$31.82	-20.7%	COM	31816X106
VRT	VERTIV HOLDINGS CO	117,800 (-28.3%)	$29.52M (+10.8%)	0.1%	$173.58	+15.1%	PUT	92537N108

Unchanged Positions (25)

INTA INTAPP INC 1.4%

Value $441M Shares 17,146,805 Est. Cost $28.00 Unrealized +15.7%

RBLX ROBLOX CORP 1.4%

Value $440M Shares 7,777,760 Est. Cost $61.94 Unrealized +15.9%

IBN ICICI BANK LIMITED 2.5%

Value $756M Shares 29,195,789 Est. Cost $14.77 Unrealized —

GOOGL ALPHABET INC 4.4%

Value $1.355B Shares 4,702,736 Est. Cost $186.14 Unrealized +73.7%

TCOM TRIP COM GROUP LTD 0.4%

Value $112M Shares 2,239,671 Est. Cost $68.72 Unrealized —

PGR PROGRESSIVE CORP 0.6%

Value $197M Shares 993,588 Est. Cost $242.46 Unrealized -14.8%

BABA ALIBABA GROUP HLDG LTD 0.5%

Value $165M Shares 1,313,262 Est. Cost $93.39 Unrealized —

OS ONESTREAM INC 0.3%

Value $102M Shares 4,266,714 Est. Cost $24.63 Unrealized -5.5%

DSGX DESCARTES SYS GROUP INC 0.3%

Value $105M Shares 1,464,165 Est. Cost $104.22 Unrealized -27.5%

TME TENCENT MUSIC ENTMT GROUP 0.1%

Value $23.77M Shares 2,561,538 Est. Cost $19.89 Unrealized —

ABNB AIRBNB INC 0.9%

Value $281M Shares 2,222,194 Est. Cost $143.30 Unrealized -9.7%

DNLI DENALI THERAPEUTICS INC 0.4%

Value $135M Shares 7,012,974 Est. Cost $23.75 Unrealized -17.4%

CTSH COGNIZANT TECHNOLOGY SOLUTIO 0.1%

Value $41.41M Shares 675,028 Est. Cost $71.83 Unrealized +6.9%

BNTX BIONTECH SE 0.4%

Value $134M Shares 1,506,027 Est. Cost $126.23 Unrealized —

ZGN ERMENEGILDO ZEGNA N V 0.9%

Value $284M Shares 27,242,276 Est. Cost $8.40 Unrealized +23.7%

XPEV XPENG INC 0.1%

Value $20.44M Shares 1,194,538 Est. Cost $17.88 Unrealized —

NVDA NVIDIA CORPORATION 0.1%

Value $40.11M Shares 230,000 Est. Cost $123.02 Unrealized +51.7%

SES SES AI CORPORATION 0.0%

Value $3.041M Shares 3,160,712 Est. Cost $7.54 Unrealized -73.5%

BEKE KE HLDGS INC 0.1%

Value $45.62M Shares 3,047,357 Est. Cost $17.55 Unrealized —

KDP KEURIG DR PEPPER INC 0.0%

Value $2.628M Shares 99,805 Est. Cost $28.13 Unrealized +0.7%

JPST J P MORGAN EXCHANGE TRADED F 1.0%

Value $300M Shares 5,919,494 Est. Cost $50.73 Unrealized —

CAI CARIS LIFE SCIENCES INC 0.0%

Value $219K Shares 12,235 Est. Cost $28.16 Unrealized -15.7%

MICC MAGNUM ICE CREAM CO NV 0.0%

Value $1.151M Shares 79,000 Est. Cost $15.68 Unrealized +7.2%

ICSH ISHARES TR 0.3%

Value $99.92M Shares 1,973,943 Est. Cost $50.75 Unrealized —

PONY PONY AI INC 0.0%

Value $137K Shares 14,510 Est. Cost $22.49 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INTA	INTAPP INC	17,146,805	$441M	1.4%	$28.00	+15.7%	COM	45827U109
RBLX	ROBLOX CORP	7,777,760	$440M	1.4%	$61.94	+15.9%	CL A	771049103
IBN	ICICI BANK LIMITED	29,195,789	$756M	2.5%	$14.77	—	ADR	45104G104
GOOGL	ALPHABET INC	4,702,736	$1.355B	4.4%	$186.14	+73.7%	CAP STK CL A	02079K305
TCOM	TRIP COM GROUP LTD	2,239,671	$112M	0.4%	$68.72	—	ADS	89677Q107
PGR	PROGRESSIVE CORP	993,588	$197M	0.6%	$242.46	-14.8%	COM	743315103
BABA	ALIBABA GROUP HLDG LTD	1,313,262	$165M	0.5%	$93.39	—	SPONSORED ADS	01609W102
OS	ONESTREAM INC	4,266,714	$102M	0.3%	$24.63	-5.5%	CL A	68278B107
DSGX	DESCARTES SYS GROUP INC	1,464,165	$105M	0.3%	$104.22	-27.5%	COM	249906108
TME	TENCENT MUSIC ENTMT GROUP	2,561,538	$23.77M	0.1%	$19.89	—	SPON ADS	88034P109
ABNB	AIRBNB INC	2,222,194	$281M	0.9%	$143.30	-9.7%	COM CL A	009066101
DNLI	DENALI THERAPEUTICS INC	7,012,974	$135M	0.4%	$23.75	-17.4%	COM	24823R105
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	675,028	$41.41M	0.1%	$71.83	+6.9%	CL A	192446102
BNTX	BIONTECH SE	1,506,027	$134M	0.4%	$126.23	—	SPONSORED ADS	09075V102
ZGN	ERMENEGILDO ZEGNA N V	27,242,276	$284M	0.9%	$8.40	+23.7%	ORD SHS	N30577105
XPEV	XPENG INC	1,194,538	$20.44M	0.1%	$17.88	—	ADS	98422D105
NVDA	NVIDIA CORPORATION	230,000	$40.11M	0.1%	$123.02	+51.7%	PUT	67066G104
SES	SES AI CORPORATION	3,160,712	$3.041M	0.0%	$7.54	-73.5%	CL A COM	78397Q109
BEKE	KE HLDGS INC	3,047,357	$45.62M	0.1%	$17.55	—	SPONSORED ADS	482497104
KDP	KEURIG DR PEPPER INC	99,805	$2.628M	0.0%	$28.13	+0.7%	COM	49271V100
JPST	J P MORGAN EXCHANGE TRADED F	5,919,494	$300M	1.0%	$50.73	—	ULTRA SHRT ETF	46641Q837
CAI	CARIS LIFE SCIENCES INC	12,235	$219K	0.0%	$28.16	-15.7%	COM	142152107
MICC	MAGNUM ICE CREAM CO NV	79,000	$1.151M	0.0%	$15.68	+7.2%	ORD SHS	N5505D105
ICSH	ISHARES TR	1,973,943	$99.92M	0.3%	$50.75	—	ULTRA SHORT DUR	46434V878
PONY	PONY AI INC	14,510	$137K	0.0%	$22.49	—	SPONSORED ADS	732908108