FORMULA GROWTH LTD Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GDYN	GRID DYNAMICS HLDGS INC	328,330	$2,965	1.1%	$8.66	0.0%	CL A	39813G109
ORLA	ORLA MNG LTD NEW	182,000	$2,452	0.9%	$12.14	0.0%	COM	68634K106
FSLR	FIRST SOLAR INC	9,200	$2,403	0.9%	$252.20	0.0%	COM	336433107
NSP	INSPERITY INC	46,700	$1,808	0.7%	$39.43	0.0%	COM	45778Q107
NOK	NOKIA CORP	275,000	$1,779	0.7%	$6.47	—	SPONSORED ADR	654902204
SHOO	MADDEN STEVEN LTD	42,224	$1,758	0.7%	$38.43	0.0%	COM	556269108
OWLT	OWLET INC	105,000	$1,700	0.7%	$11.34	0.0%	CL A NEW	69120X206
NOW	SERVICENOW INC	10,000	$1,532	0.6%	$171.54	0.0%	COM	81762P102
WGS	GENEDX HOLDINGS CORP	11,684	$1,520	0.6%	$137.25	0.0%	COM CL A	81663L200
AIR	AAR CORP	18,000	$1,490	0.6%	$82.73	0.0%	COM	000361105
AR	ANTERO RESOURCES CORP	41,000	$1,413	0.5%	$33.87	0.0%	COM	03674X106
ARLO	ARLO TECHNOLOGIES INC	100,000	$1,399	0.5%	$15.74	0.0%	COM	04206A101
PEN	PENUMBRA INC	4,100	$1,275	0.5%	$276.19	0.0%	COM	70975L107
VUZI	VUZIX CORP	330,000	$1,247	0.5%	$3.14	0.0%	COM NEW	92921W300
LULU	LULULEMON ATHLETICA INC	6,000	$1,247	0.5%	$181.15	0.0%	COM	550021109
XPEL	XPEL INC	24,600	$1,228	0.5%	$41.80	0.0%	COM	98379L100
WCC	WESCO INTL INC	4,800	$1,174	0.5%	$244.94	0.0%	COM	95082P105
FIGS	FIGS INC	94,500	$1,074	0.4%	$9.37	0.0%	CL A	30260D103
CVLT	COMMVAULT SYS INC	8,000	$1,003	0.4%	$140.69	0.0%	COM	204166102
VITL	VITAL FARMS INC	30,000	$958	0.4%	$35.19	0.0%	COM	92847W103
PSN	PARSONS CORP DEL	15,000	$927	0.4%	$78.26	0.0%	COM	70202L102
FIG	FIGMA INC	23,000	$860	0.3%	$45.19	0.0%	CLASS A COM STK	316841105
NAVN	NAVAN INC	50,000	$854	0.3%	$15.89	0.0%	CL A	639193101
MEC	MAYVILLE ENGR CO INC	40,000	$749	0.3%	$16.31	0.0%	COM	578605107
ANF	ABERCROMBIE & FITCH CO	5,200	$655	0.3%	$87.43	0.0%	CL A	002896207
RXST	RXSIGHT INC	60,000	$625	0.2%	$10.03	0.0%	COM	78349D107
UWMC	UWM HOLDINGS CORPORATION	125,000	$548	0.2%	$5.38	0.0%	COM CL A	91823B109
BIRK	BIRKENSTOCK HOLDING PLC	10,000	$409	0.2%	$42.35	0.0%	COM SHS	M2029K104
SOC	SABLE OFFSHORE CORP	26,968	$243	0.1%	$9.44	0.0%	COM SHS	78574H104

Increased Positions (8)

COMP COMPASS INC 1.7%

Value ($000) $4,517 (+62.0%) Shares 427,300 (+23.0%) Est. Cost $8.29 Unrealized +10.0%

FOXF FOX FACTORY HLDG CORP 0.9%

Value ($000) $2,382 (+110.8%) Shares 139,206 (+199.3%) Est. Cost $21.29 Unrealized -10.5%

SSYS STRATASYS LTD 2.2%

Value ($000) $5,729 (-10.3%) Shares 660,000 (+15.8%) Est. Cost $8.85 Unrealized +11.9%

AEYE AUDIOEYE INC 1.0%

Value ($000) $2,697 (-11.5%) Shares 270,000 (+22.7%) Est. Cost $17.25 Unrealized -25.5%

ZIP ZIPRECRUITER INC 0.5%

Value ($000) $1,170 (+20.5%) Shares 300,000 (+30.4%) Est. Cost $4.63 Unrealized -3.0%

SWIM LATHAM GROUP INC 2.9%

Value ($000) $7,652 (+1.7%) Shares 1,205,082 (+21.8%) Est. Cost $4.45 Unrealized +57.1%

RH RH 1.0%

Value ($000) $2,687 (-2.4%) Shares 15,000 (+10.7%) Est. Cost $296.01 Unrealized -42.2%

SVV SAVERS VALUE VLG INC 0.2%

Value ($000) $423 (+18.2%) Shares 45,257 (+67.6%) Est. Cost $11.01 Unrealized -6.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COMP	COMPASS INC	427,300 (+23.0%)	$4,517 (+62.0%)	1.7%	$8.29	+10.0%	CL A	20464U100
FOXF	FOX FACTORY HLDG CORP	139,206 (+199.3%)	$2,382 (+110.8%)	0.9%	$21.29	-10.5%	COM	35138V102
SSYS	STRATASYS LTD	660,000 (+15.8%)	$5,729 (-10.3%)	2.2%	$8.85	+11.9%	SHS	M85548101
AEYE	AUDIOEYE INC	270,000 (+22.7%)	$2,697 (-11.5%)	1.0%	$17.25	-25.5%	COM NEW	050734201
ZIP	ZIPRECRUITER INC	300,000 (+30.4%)	$1,170 (+20.5%)	0.5%	$4.63	-3.0%	CL A	98980B103
SWIM	LATHAM GROUP INC	1,205,082 (+21.8%)	$7,652 (+1.7%)	2.9%	$4.45	+57.1%	COM	51819L107
RH	RH	15,000 (+10.7%)	$2,687 (-2.4%)	1.0%	$296.01	-42.2%	COM	74967X103
SVV	SAVERS VALUE VLG INC	45,257 (+67.6%)	$423 (+18.2%)	0.2%	$11.01	-6.6%	COM	80517M109

Exited Positions (26)

CCL CARNIVAL CORP 1.1%

Value ($000) $2,756 Shares 95,323 Est. Cost $17.51 Unrealized +59.2%

PHR PHREESIA INC 1.0%

Value ($000) $2,576 Shares 109,534 Est. Cost $27.18 Unrealized -24.1%

SKYT SKYWATER TECHNOLOGY INC 0.6%

Value ($000) $1,679 Shares 90,000 Est. Cost $11.56 Unrealized +50.3%

SNBR SLEEP NUMBER CORP 0.6%

Value ($000) $1,627 Shares 231,793 Est. Cost $13.99 Unrealized -54.8%

KIDS ORTHOPEDIATRICS CORP 0.6%

Value ($000) $1,501 Shares 81,000 Est. Cost $20.59 Unrealized -15.0%

WIX WIX COM LTD 0.5%

Value ($000) $1,377 Shares 7,750 Est. Cost $139.93 Unrealized -13.6%

— DENNYS CORP 0.5%

Value ($000) $1,354 Shares 258,885 Est. Cost $3.67 Unrealized —

PAGS PAGSEGURO DIGITAL LTD 0.5%

Value ($000) $1,288 Shares 128,820 Est. Cost $20.18 Unrealized -52.5%

WAL WESTERN ALLIANCE BANCORP 0.5%

Value ($000) $1,208 Shares 13,933 Est. Cost $85.75 Unrealized -6.0%

FOUR SHIFT4 PMTS INC 0.5%

Value ($000) $1,186 Shares 15,326 Est. Cost $87.18 Unrealized -19.0%

RVLV REVOLVE GROUP INC 0.5%

Value ($000) $1,172 Shares 55,000 Est. Cost $21.81 Unrealized +10.8%

M MACYS INC 0.4%

Value ($000) $1,148 Shares 64,000 Est. Cost $14.16 Unrealized +44.6%

LEVI LEVI STRAUSS & CO NEW 0.4%

Value ($000) $1,102 Shares 47,285 Est. Cost $16.28 Unrealized +31.4%

UDMY UDEMY INC 0.4%

Value ($000) $1,066 Shares 152,000 Est. Cost $7.01 Unrealized -16.9%

DG DOLLAR GEN CORP NEW 0.4%

Value ($000) $1,044 Shares 10,100 Est. Cost $98.12 Unrealized +13.6%

BELFB BEL FUSE INC 0.4%

Value ($000) $987 Shares 7,000 Est. Cost $82.77 Unrealized +88.7%

XPOF XPONENTIAL FITNESS INC 0.4%

Value ($000) $967 Shares 124,193 Est. Cost $13.66 Unrealized -48.0%

FOR FORESTAR GROUP INC 0.3%

Value ($000) $851 Shares 32,000 Est. Cost $25.63 Unrealized -0.5%

INTC INTEL CORP 0.3%

Value ($000) $839 Shares 25,000 Est. Cost $24.23 Unrealized +55.9%

ARDT ARDENT HEALTH INC 0.3%

Value ($000) $743 Shares 56,099 Est. Cost $17.56 Unrealized -34.2%

W WAYFAIR INC 0.3%

Value ($000) $695 Shares 7,783 Est. Cost $55.33 Unrealized +73.8%

KLC KINDERCARE LEARNING COMPANIE 0.2%

Value ($000) $463 Shares 69,667 Est. Cost $11.57 Unrealized -56.4%

ALNT ALLIENT INC 0.2%

Value ($000) $448 Shares 10,000 Est. Cost $42.70 Unrealized +22.5%

KVYO KLAVIYO INC 0.2%

Value ($000) $415 Shares 15,000 Est. Cost $32.29 Unrealized -13.3%

BRBR BELLRING BRANDS INC 0.1%

Value ($000) $387 Shares 10,659 Est. Cost $24.27 Unrealized +27.9%

CNTY CENTURY CASINOS INC 0.1%

Value ($000) $357 Shares 136,647 Est. Cost $8.00 Unrealized -77.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CCL	CARNIVAL CORP	95,323	$2,756	1.1%	$17.51	+59.2%	—	143658300
PHR	PHREESIA INC	109,534	$2,576	1.0%	$27.18	-24.1%	—	71944F106
SKYT	SKYWATER TECHNOLOGY INC	90,000	$1,679	0.6%	$11.56	+50.3%	—	83089J108
SNBR	SLEEP NUMBER CORP	231,793	$1,627	0.6%	$13.99	-54.8%	—	83125X103
KIDS	ORTHOPEDIATRICS CORP	81,000	$1,501	0.6%	$20.59	-15.0%	—	68752L100
WIX	WIX COM LTD	7,750	$1,377	0.5%	$139.93	-13.6%	—	M98068105
—	DENNYS CORP	258,885	$1,354	0.5%	$3.67	—	—	24869P104
PAGS	PAGSEGURO DIGITAL LTD	128,820	$1,288	0.5%	$20.18	-52.5%	—	G68707101
WAL	WESTERN ALLIANCE BANCORP	13,933	$1,208	0.5%	$85.75	-6.0%	—	957638109
FOUR	SHIFT4 PMTS INC	15,326	$1,186	0.5%	$87.18	-19.0%	—	82452J109
RVLV	REVOLVE GROUP INC	55,000	$1,172	0.5%	$21.81	+10.8%	—	76156B107
M	MACYS INC	64,000	$1,148	0.4%	$14.16	+44.6%	—	55616P104
LEVI	LEVI STRAUSS & CO NEW	47,285	$1,102	0.4%	$16.28	+31.4%	—	52736R102
UDMY	UDEMY INC	152,000	$1,066	0.4%	$7.01	-16.9%	—	902685106
DG	DOLLAR GEN CORP NEW	10,100	$1,044	0.4%	$98.12	+13.6%	—	256677105
BELFB	BEL FUSE INC	7,000	$987	0.4%	$82.77	+88.7%	—	077347300
XPOF	XPONENTIAL FITNESS INC	124,193	$967	0.4%	$13.66	-48.0%	—	98422X101
FOR	FORESTAR GROUP INC	32,000	$851	0.3%	$25.63	-0.5%	—	346232101
INTC	INTEL CORP	25,000	$839	0.3%	$24.23	+55.9%	—	458140100
ARDT	ARDENT HEALTH INC	56,099	$743	0.3%	$17.56	-34.2%	—	03980N107
W	WAYFAIR INC	7,783	$695	0.3%	$55.33	+73.8%	—	94419L101
KLC	KINDERCARE LEARNING COMPANIE	69,667	$463	0.2%	$11.57	-56.4%	—	49456W105
ALNT	ALLIENT INC	10,000	$448	0.2%	$42.70	+22.5%	—	019330109
KVYO	KLAVIYO INC	15,000	$415	0.2%	$32.29	-13.3%	—	49845K101
BRBR	BELLRING BRANDS INC	10,659	$387	0.1%	$24.27	+27.9%	—	07831C103
CNTY	CENTURY CASINOS INC	136,647	$357	0.1%	$8.00	-77.7%	—	156492100

Decreased Positions (52)

VCTR VICTORY CAP HLDGS INC 0.8%

Value ($000) $1,973 (-60.1%) Shares 31,267 (-59.0%) Est. Cost $65.17 Unrealized -2.8%

MU MICRON TECHNOLOGY INC 3.5%

Value ($000) $9,133 (+43.6%) Shares 32,000 (-15.8%) Est. Cost $85.16 Unrealized +169.3%

GLXY GALAXY DIGITAL INC. 0.8%

Value ($000) $2,119 (-55.0%) Shares 94,772 (-31.9%) Est. Cost $26.97 Unrealized +14.9%

BBW BUILD-A-BEAR WORKSHOP INC 1.0%

Value ($000) $2,692 (-44.4%) Shares 43,942 (-40.9%) Est. Cost $31.19 Unrealized +74.0%

UA UNDER ARMOUR INC 1.1%

Value ($000) $2,880 (-40.4%) Shares 600,000 (-40.0%) Est. Cost $9.51 Unrealized -53.2%

TTD THE TRADE DESK INC 0.7%

Value ($000) $1,898 (-48.4%) Shares 50,000 (-33.3%) Est. Cost $85.79 Unrealized -48.3%

EHC ENCOMPASS HEALTH CORP 0.6%

Value ($000) $1,638 (-51.7%) Shares 15,434 (-42.2%) Est. Cost $118.66 Unrealized -2.5%

RDNT RADNET INC 0.5%

Value ($000) $1,226 (-57.9%) Shares 17,176 (-55.0%) Est. Cost $31.18 Unrealized +147.6%

TBCH TURTLE BEACH CORP 1.0%

Value ($000) $2,526 (-38.9%) Shares 180,075 (-30.8%) Est. Cost $15.67 Unrealized -5.1%

DXCM DEXCOM INC 0.4%

Value ($000) $932 (-63.1%) Shares 14,046 (-62.6%) Est. Cost $89.60 Unrealized -27.8%

CWAN CLEARWATER ANALYTICS HLDGS I 0.8%

Value ($000) $2,120 (-41.2%) Shares 87,883 (-56.1%) Est. Cost $21.23 Unrealized -5.7%

ATGE ADTALEM GLOBAL ED INC 1.0%

Value ($000) $2,622 (-36.1%) Shares 25,339 (-4.6%) Est. Cost $83.62 Unrealized +36.9%

TEAM ATLASSIAN CORPORATION 1.9%

Value ($000) $5,026 (-21.3%) Shares 31,000 (-22.5%) Est. Cost $234.80 Unrealized -33.2%

PODD INSULET CORP 1.3%

Value ($000) $3,421 (-26.4%) Shares 12,035 (-20.0%) Est. Cost $170.10 Unrealized +83.8%

CECO CECO ENVIRONMENTAL CORP 1.6%

Value ($000) $4,233 (-21.8%) Shares 70,720 (-33.1%) Est. Cost $14.58 Unrealized +266.8%

IE IVANHOE ELECTRIC INC 0.2%

Value ($000) $594 (-63.9%) Shares 37,198 (-71.6%) Est. Cost $6.73 Unrealized +112.6%

PD PAGERDUTY INC 0.5%

Value ($000) $1,311 (-43.3%) Shares 100,000 (-28.6%) Est. Cost $15.70 Unrealized -7.1%

TWLO TWILIO INC 0.6%

Value ($000) $1,520 (-39.2%) Shares 10,688 (-57.2%) Est. Cost $140.83 Unrealized -12.0%

OKTA OKTA INC 0.4%

Value ($000) $951 (-50.6%) Shares 11,000 (-47.6%) Est. Cost $93.37 Unrealized -6.5%

CDNA CAREDX INC 0.7%

Value ($000) $1,897 (-32.2%) Shares 100,668 (-47.6%) Est. Cost $21.80 Unrealized -23.2%

ARCB ARCBEST CORP 1.5%

Value ($000) $3,772 (-19.0%) Shares 50,838 (-23.7%) Est. Cost $89.47 Unrealized -20.6%

JHX JAMES HARDIE INDS PLC 2.5%

Value ($000) $6,367 (-12.0%) Shares 306,840 (-18.6%) Est. Cost $23.95 Unrealized -16.3%

KRUS KURA SUSHI USA INC 0.3%

Value ($000) $815 (-48.6%) Shares 15,580 (-41.7%) Est. Cost $87.58 Unrealized -37.7%

EXFY EXPENSIFY INC 0.5%

Value ($000) $1,359 (-36.1%) Shares 900,000 (-21.7%) Est. Cost $4.14 Unrealized -61.7%

UBER UBER TECHNOLOGIES INC 0.8%

Value ($000) $2,165 (-25.1%) Shares 26,500 (-10.2%) Est. Cost $27.22 Unrealized +230.8%

CPRI CAPRI HOLDINGS LIMITED 1.5%

Value ($000) $3,986 (+17.9%) Shares 163,376 (-3.7%) Est. Cost $25.35 Unrealized -8.8%

PCOR PROCORE TECHNOLOGIES INC 0.2%

Value ($000) $487 (-52.3%) Shares 6,700 (-52.1%) Est. Cost $69.82 Unrealized +5.9%

LAW CS DISCO INC 2.2%

Value ($000) $5,820 (+9.9%) Shares 750,000 (-8.5%) Est. Cost $6.69 Unrealized +5.3%

GENI GENIUS SPORTS LIMITED 1.2%

Value ($000) $3,049 (-13.8%) Shares 276,720 (-3.1%) Est. Cost $8.35 Unrealized +30.6%

LIND LINDBLAD EXPEDITIONS HLDGS I 2.2%

Value ($000) $5,820 (+9.1%) Shares 403,591 (-3.1%) Est. Cost $8.26 Unrealized +52.7%

EXPE EXPEDIA GROUP INC 0.3%

Value ($000) $782 (-36.9%) Shares 2,760 (-52.4%) Est. Cost $200.25 Unrealized +23.3%

AGX ARGAN INC 0.4%

Value ($000) $1,109 (-27.9%) Shares 3,540 (-37.9%) Est. Cost $228.35 Unrealized +38.8%

PACK RANPAK HOLDINGS CORP 2.1%

Value ($000) $5,353 (-7.1%) Shares 989,527 (-3.5%) Est. Cost $4.88 Unrealized +7.7%

ALHC ALIGNMENT HEALTHCARE INC 1.8%

Value ($000) $4,730 (+9.2%) Shares 239,508 (-3.5%) Est. Cost $15.13 Unrealized +18.7%

GPN GLOBAL PMTS INC 0.9%

Value ($000) $2,381 (-14.1%) Shares 30,759 (-7.8%) Est. Cost $94.21 Unrealized -14.8%

BTSG BRIGHTSPRING HEALTH SVCS INC 1.3%

Value ($000) $3,365 (+12.3%) Shares 89,865 (-11.4%) Est. Cost $23.24 Unrealized +44.3%

RBA RB GLOBAL INC 1.2%

Value ($000) $3,113 (-8.1%) Shares 30,263 (-3.2%) Est. Cost $89.47 Unrealized +13.5%

HQY HEALTHEQUITY INC 1.4%

Value ($000) $3,609 (-6.2%) Shares 39,400 (-2.9%) Est. Cost $100.25 Unrealized -4.5%

NXT NEXTPOWER INC 0.6%

Value ($000) $1,624 (-12.2%) Shares 18,640 (-25.4%) Est. Cost $64.43 Unrealized +40.7%

NTRA NATERA INC 1.0%

Value ($000) $2,524 (+9.7%) Shares 11,018 (-22.9%) Est. Cost $47.99 Unrealized +334.6%

HCA HCA HEALTHCARE INC 0.9%

Value ($000) $2,334 (-8.7%) Shares 5,000 (-16.7%) Est. Cost $64.84 Unrealized +615.2%

VFC V F CORP 0.5%

Value ($000) $1,188 (+18.5%) Shares 65,721 (-5.5%) Est. Cost $18.62 Unrealized -13.0%

ORN ORION GROUP HLDGS INC 1.2%

Value ($000) $2,995 (+6.2%) Shares 301,296 (-11.1%) Est. Cost $7.66 Unrealized +26.6%

U UNITY SOFTWARE INC 1.4%

Value ($000) $3,534 (+3.8%) Shares 80,000 (-5.9%) Est. Cost $29.29 Unrealized +39.1%

HLLY HOLLEY INC 0.2%

Value ($000) $572 (+21.5%) Shares 138,520 (-7.7%) Est. Cost $2.98 Unrealized +20.9%

ASAN ASANA INC 0.6%

Value ($000) $1,645 (-5.3%) Shares 120,000 (-7.7%) Est. Cost $18.17 Unrealized -24.3%

TNDM TANDEM DIABETES CARE INC 0.6%

Value ($000) $1,559 (+5.2%) Shares 70,919 (-41.9%) Est. Cost $38.24 Unrealized -52.8%

HLIO HELIOS TECHNOLOGIES INC 0.2%

Value ($000) $535 (-6.6%) Shares 10,010 (-9.0%) Est. Cost $46.69 Unrealized +15.4%

FN FABRINET 1.1%

Value ($000) $2,914 (+1.2%) Shares 6,400 (-19.0%) Est. Cost $40.68 Unrealized +969.4%

TPC TUTOR PERINI CORP 0.7%

Value ($000) $1,944 (-1.2%) Shares 29,000 (-3.3%) Est. Cost $28.49 Unrealized +130.2%

LAUR LAUREATE EDUCATION INC 1.3%

Value ($000) $3,478 (-0.7%) Shares 103,298 (-6.9%) Est. Cost $26.20 Unrealized +17.8%

UTHR UNITED THERAPEUTICS CORP DEL 1.1%

Value ($000) $2,735 (-0.4%) Shares 5,614 (-14.3%) Est. Cost $342.70 Unrealized +35.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VCTR	VICTORY CAP HLDGS INC	31,267 (-59.0%)	$1,973 (-60.1%)	0.8%	$65.17	-2.8%	COM CL A	92645B103
MU	MICRON TECHNOLOGY INC	32,000 (-15.8%)	$9,133 (+43.6%)	3.5%	$85.16	+169.3%	COM	595112103
GLXY	GALAXY DIGITAL INC.	94,772 (-31.9%)	$2,119 (-55.0%)	0.8%	$26.97	+14.9%	CL A	36317J209
BBW	BUILD-A-BEAR WORKSHOP INC	43,942 (-40.9%)	$2,692 (-44.4%)	1.0%	$31.19	+74.0%	COM	120076104
UA	UNDER ARMOUR INC	600,000 (-40.0%)	$2,880 (-40.4%)	1.1%	$9.51	-53.2%	CL C	904311206
TTD	THE TRADE DESK INC	50,000 (-33.3%)	$1,898 (-48.4%)	0.7%	$85.79	-48.3%	COM CL A	88339J105
EHC	ENCOMPASS HEALTH CORP	15,434 (-42.2%)	$1,638 (-51.7%)	0.6%	$118.66	-2.5%	COM	29261A100
RDNT	RADNET INC	17,176 (-55.0%)	$1,226 (-57.9%)	0.5%	$31.18	+147.6%	COM	750491102
TBCH	TURTLE BEACH CORP	180,075 (-30.8%)	$2,526 (-38.9%)	1.0%	$15.67	-5.1%	COM NEW	900450206
DXCM	DEXCOM INC	14,046 (-62.6%)	$932 (-63.1%)	0.4%	$89.60	-27.8%	COM	252131107
CWAN	CLEARWATER ANALYTICS HLDGS I	87,883 (-56.1%)	$2,120 (-41.2%)	0.8%	$21.23	-5.7%	CL A	185123106
ATGE	ADTALEM GLOBAL ED INC	25,339 (-4.6%)	$2,622 (-36.1%)	1.0%	$83.62	+36.9%	COM	00737L103
TEAM	ATLASSIAN CORPORATION	31,000 (-22.5%)	$5,026 (-21.3%)	1.9%	$234.80	-33.2%	CL A	049468101
PODD	INSULET CORP	12,035 (-20.0%)	$3,421 (-26.4%)	1.3%	$170.10	+83.8%	COM	45784P101
CECO	CECO ENVIRONMENTAL CORP	70,720 (-33.1%)	$4,233 (-21.8%)	1.6%	$14.58	+266.8%	COM	125141101
IE	IVANHOE ELECTRIC INC	37,198 (-71.6%)	$594 (-63.9%)	0.2%	$6.73	+112.6%	COM	46578C108
PD	PAGERDUTY INC	100,000 (-28.6%)	$1,311 (-43.3%)	0.5%	$15.70	-7.1%	COM	69553P100
TWLO	TWILIO INC	10,688 (-57.2%)	$1,520 (-39.2%)	0.6%	$140.83	-12.0%	CL A	90138F102
OKTA	OKTA INC	11,000 (-47.6%)	$951 (-50.6%)	0.4%	$93.37	-6.5%	CL A	679295105
CDNA	CAREDX INC	100,668 (-47.6%)	$1,897 (-32.2%)	0.7%	$21.80	-23.2%	COM	14167L103
ARCB	ARCBEST CORP	50,838 (-23.7%)	$3,772 (-19.0%)	1.5%	$89.47	-20.6%	COM	03937C105
JHX	JAMES HARDIE INDS PLC	306,840 (-18.6%)	$6,367 (-12.0%)	2.5%	$23.95	-16.3%	ORD SHS	G4253H101
KRUS	KURA SUSHI USA INC	15,580 (-41.7%)	$815 (-48.6%)	0.3%	$87.58	-37.7%	CL A COM	501270102
EXFY	EXPENSIFY INC	900,000 (-21.7%)	$1,359 (-36.1%)	0.5%	$4.14	-61.7%	COM CL A	30219Q106
UBER	UBER TECHNOLOGIES INC	26,500 (-10.2%)	$2,165 (-25.1%)	0.8%	$27.22	+230.8%	COM	90353T100
CPRI	CAPRI HOLDINGS LIMITED	163,376 (-3.7%)	$3,986 (+17.9%)	1.5%	$25.35	-8.8%	SHS	G1890L107
PCOR	PROCORE TECHNOLOGIES INC	6,700 (-52.1%)	$487 (-52.3%)	0.2%	$69.82	+5.9%	COM	74275K108
LAW	CS DISCO INC	750,000 (-8.5%)	$5,820 (+9.9%)	2.2%	$6.69	+5.3%	COM	126327105
GENI	GENIUS SPORTS LIMITED	276,720 (-3.1%)	$3,049 (-13.8%)	1.2%	$8.35	+30.6%	SHARES CL A	G3934V109
LIND	LINDBLAD EXPEDITIONS HLDGS I	403,591 (-3.1%)	$5,820 (+9.1%)	2.2%	$8.26	+52.7%	COM	535219109
EXPE	EXPEDIA GROUP INC	2,760 (-52.4%)	$782 (-36.9%)	0.3%	$200.25	+23.3%	COM NEW	30212P303
AGX	ARGAN INC	3,540 (-37.9%)	$1,109 (-27.9%)	0.4%	$228.35	+38.8%	COM	04010E109
PACK	RANPAK HOLDINGS CORP	989,527 (-3.5%)	$5,353 (-7.1%)	2.1%	$4.88	+7.7%	COM CL A	75321W103
ALHC	ALIGNMENT HEALTHCARE INC	239,508 (-3.5%)	$4,730 (+9.2%)	1.8%	$15.13	+18.7%	COM	01625V104
GPN	GLOBAL PMTS INC	30,759 (-7.8%)	$2,381 (-14.1%)	0.9%	$94.21	-14.8%	COM	37940X102
BTSG	BRIGHTSPRING HEALTH SVCS INC	89,865 (-11.4%)	$3,365 (+12.3%)	1.3%	$23.24	+44.3%	COM	10950A106
RBA	RB GLOBAL INC	30,263 (-3.2%)	$3,113 (-8.1%)	1.2%	$89.47	+13.5%	COM	74935Q107
HQY	HEALTHEQUITY INC	39,400 (-2.9%)	$3,609 (-6.2%)	1.4%	$100.25	-4.5%	COM	42226A107
NXT	NEXTPOWER INC	18,640 (-25.4%)	$1,624 (-12.2%)	0.6%	$64.43	+40.7%	CLASS A COM	65290E101
NTRA	NATERA INC	11,018 (-22.9%)	$2,524 (+9.7%)	1.0%	$47.99	+334.6%	COM	632307104
HCA	HCA HEALTHCARE INC	5,000 (-16.7%)	$2,334 (-8.7%)	0.9%	$64.84	+615.2%	COM	40412C101
VFC	V F CORP	65,721 (-5.5%)	$1,188 (+18.5%)	0.5%	$18.62	-13.0%	COM	918204108
ORN	ORION GROUP HLDGS INC	301,296 (-11.1%)	$2,995 (+6.2%)	1.2%	$7.66	+26.6%	COM	68628V308
U	UNITY SOFTWARE INC	80,000 (-5.9%)	$3,534 (+3.8%)	1.4%	$29.29	+39.1%	COM	91332U101
HLLY	HOLLEY INC	138,520 (-7.7%)	$572 (+21.5%)	0.2%	$2.98	+20.9%	COM	43538H103
ASAN	ASANA INC	120,000 (-7.7%)	$1,645 (-5.3%)	0.6%	$18.17	-24.3%	CL A	04342Y104
TNDM	TANDEM DIABETES CARE INC	70,919 (-41.9%)	$1,559 (+5.2%)	0.6%	$38.24	-52.8%	COM NEW	875372203
HLIO	HELIOS TECHNOLOGIES INC	10,010 (-9.0%)	$535 (-6.6%)	0.2%	$46.69	+15.4%	COM	42328H109
FN	FABRINET	6,400 (-19.0%)	$2,914 (+1.2%)	1.1%	$40.68	+969.4%	SHS	G3323L100
TPC	TUTOR PERINI CORP	29,000 (-3.3%)	$1,944 (-1.2%)	0.7%	$28.49	+130.2%	COM	901109108
LAUR	LAUREATE EDUCATION INC	103,298 (-6.9%)	$3,478 (-0.7%)	1.3%	$26.20	+17.8%	COMMON STOCK	518613203
UTHR	UNITED THERAPEUTICS CORP DEL	5,614 (-14.3%)	$2,735 (-0.4%)	1.1%	$342.70	+35.9%	COM	91307C102

Unchanged Positions (36)

MNDY MONDAY COM LTD 1.1%

Value ($000) $2,951 Shares 20,000 Est. Cost $230.24 Unrealized -26.9%

RYAAY RYANAIR HOLDINGS PLC 1.7%

Value ($000) $4,504 Shares 62,388 Est. Cost $61.69 Unrealized —

PROF PROFOUND MED CORP 0.6%

Value ($000) $1,597 Shares 202,918 Est. Cost $7.68 Unrealized -16.3%

CSGP COSTAR GROUP INC 0.9%

Value ($000) $2,286 Shares 34,000 Est. Cost $79.79 Unrealized -11.2%

SAH SONIC AUTOMOTIVE INC 0.9%

Value ($000) $2,215 Shares 35,800 Est. Cost $20.64 Unrealized +220.8%

JBHT HUNT J B TRANS SVCS INC 0.5%

Value ($000) $1,360 Shares 7,000 Est. Cost $99.98 Unrealized +71.5%

KEX KIRBY CORP 0.5%

Value ($000) $1,294 Shares 11,745 Est. Cost $62.76 Unrealized +62.0%

TIC TIC SOLUTIONS INC 0.3%

Value ($000) $687 Shares 67,985 Est. Cost $11.40 Unrealized -2.4%

PANW PALO ALTO NETWORKS INC 0.8%

Value ($000) $2,016 Shares 10,946 Est. Cost $122.96 Unrealized +64.1%

VCYT VERACYTE INC 0.4%

Value ($000) $1,137 Shares 27,000 Est. Cost $11.90 Unrealized +238.7%

XPO XPO INC 1.2%

Value ($000) $3,126 Shares 23,000 Est. Cost $10.48 Unrealized +1200.0%

EEFT EURONET WORLDWIDE INC 0.4%

Value ($000) $989 Shares 13,000 Est. Cost $76.51 Unrealized +1.9%

BILL BILL HOLDINGS INC 2.0%

Value ($000) $5,181 Shares 95,000 Est. Cost $65.64 Unrealized -21.7%

DLB DOLBY LABORATORIES INC 0.4%

Value ($000) $1,021 Shares 15,900 Est. Cost $58.38 Unrealized +14.0%

RXO RXO INC 0.2%

Value ($000) $569 Shares 45,000 Est. Cost $17.74 Unrealized -16.8%

VCEL VERICEL CORP 0.4%

Value ($000) $930 Shares 25,824 Est. Cost $43.96 Unrealized -16.4%

USAR USA RARE EARTH INC 0.1%

Value ($000) $238 Shares 20,000 Est. Cost $14.29 Unrealized +33.3%

LBTYK LIBERTY GLOBAL LTD 0.6%

Value ($000) $1,575 Shares 142,702 Est. Cost $9.07 Unrealized +22.6%

CALX CALIX INC 0.2%

Value ($000) $529 Shares 10,000 Est. Cost $36.54 Unrealized +59.4%

BLDR BUILDERS FIRSTSOURCE INC 0.2%

Value ($000) $412 Shares 4,000 Est. Cost $14.71 Unrealized +664.0%

ABNB AIRBNB INC 0.3%

Value ($000) $679 Shares 5,000 Est. Cost $129.37 Unrealized -3.7%

WEX WEX INC 0.5%

Value ($000) $1,222 Shares 8,200 Est. Cost $105.12 Unrealized +43.3%

CWST CASELLA WASTE SYS INC 0.6%

Value ($000) $1,670 Shares 17,053 Est. Cost $80.37 Unrealized +15.5%

SSNC SS&C TECHNOLOGIES HLDGS INC 1.2%

Value ($000) $3,036 Shares 34,725 Est. Cost $32.92 Unrealized +159.0%

AX AXOS FINANCIAL INC 1.0%

Value ($000) $2,639 Shares 30,624 Est. Cost $26.17 Unrealized +214.7%

CMPR CIMPRESS PLC 0.3%

Value ($000) $752 Shares 11,300 Est. Cost $129.96 Unrealized -47.8%

META META PLATFORMS INC 0.1%

Value ($000) $330 Shares 500 Est. Cost $167.16 Unrealized +299.2%

IMXI INTERNATIONAL MNY EXPRESS IN 0.1%

Value ($000) $339 Shares 22,058 Est. Cost $15.18 Unrealized -1.1%

CPA COPA HOLDINGS SA 0.7%

Value ($000) $1,869 Shares 15,500 Est. Cost $38.79 Unrealized +212.6%

HOMB HOME BANCSHARES INC 0.6%

Value ($000) $1,442 Shares 51,912 Est. Cost $21.14 Unrealized +31.2%

TATT TAT TECHNOLOGIES LTD 0.5%

Value ($000) $1,376 Shares 30,801 Est. Cost $28.77 Unrealized +42.2%

LKQ LKQ CORP 0.5%

Value ($000) $1,277 Shares 42,300 Est. Cost $28.63 Unrealized +4.7%

RNG RINGCENTRAL INC 0.3%

Value ($000) $664 Shares 23,000 Est. Cost $129.71 Unrealized -78.0%

FCFS FIRSTCASH HOLDINGS INC 0.6%

Value ($000) $1,594 Shares 10,000 Est. Cost $66.94 Unrealized +134.6%

GXO GXO LOGISTICS INCORPORATED 0.7%

Value ($000) $1,790 Shares 34,000 Est. Cost $75.70 Unrealized -30.6%

TTEK TETRA TECH INC NEW 0.5%

Value ($000) $1,310 Shares 39,050 Est. Cost $36.47 Unrealized -7.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MNDY	MONDAY COM LTD	20,000	$2,951	1.1%	$230.24	-26.9%	SHS	M7S64H106
RYAAY	RYANAIR HOLDINGS PLC	62,388	$4,504	1.7%	$61.69	—	SPONSORED ADS	783513203
PROF	PROFOUND MED CORP	202,918	$1,597	0.6%	$7.68	-16.3%	COM NEW	74319B502
CSGP	COSTAR GROUP INC	34,000	$2,286	0.9%	$79.79	-11.2%	COM	22160N109
SAH	SONIC AUTOMOTIVE INC	35,800	$2,215	0.9%	$20.64	+220.8%	CL A	83545G102
JBHT	HUNT J B TRANS SVCS INC	7,000	$1,360	0.5%	$99.98	+71.5%	COM	445658107
KEX	KIRBY CORP	11,745	$1,294	0.5%	$62.76	+62.0%	COM	497266106
TIC	TIC SOLUTIONS INC	67,985	$687	0.3%	$11.40	-2.4%	COM	00510N102
PANW	PALO ALTO NETWORKS INC	10,946	$2,016	0.8%	$122.96	+64.1%	COM	697435105
VCYT	VERACYTE INC	27,000	$1,137	0.4%	$11.90	+238.7%	COM	92337F107
XPO	XPO INC	23,000	$3,126	1.2%	$10.48	+1200.0%	COM	983793100
EEFT	EURONET WORLDWIDE INC	13,000	$989	0.4%	$76.51	+1.9%	COM	298736109
BILL	BILL HOLDINGS INC	95,000	$5,181	2.0%	$65.64	-21.7%	COM	090043100
DLB	DOLBY LABORATORIES INC	15,900	$1,021	0.4%	$58.38	+14.0%	COM CL A	25659T107
RXO	RXO INC	45,000	$569	0.2%	$17.74	-16.8%	COMMON STOCK	74982T103
VCEL	VERICEL CORP	25,824	$930	0.4%	$43.96	-16.4%	COM	92346J108
USAR	USA RARE EARTH INC	20,000	$238	0.1%	$14.29	+33.3%	COM	91733P107
LBTYK	LIBERTY GLOBAL LTD	142,702	$1,575	0.6%	$9.07	+22.6%	COM CL C	G61188127
CALX	CALIX INC	10,000	$529	0.2%	$36.54	+59.4%	COM	13100M509
BLDR	BUILDERS FIRSTSOURCE INC	4,000	$412	0.2%	$14.71	+664.0%	COM	12008R107
ABNB	AIRBNB INC	5,000	$679	0.3%	$129.37	-3.7%	COM CL A	009066101
WEX	WEX INC	8,200	$1,222	0.5%	$105.12	+43.3%	COM	96208T104
CWST	CASELLA WASTE SYS INC	17,053	$1,670	0.6%	$80.37	+15.5%	CL A	147448104
SSNC	SS&C TECHNOLOGIES HLDGS INC	34,725	$3,036	1.2%	$32.92	+159.0%	COM	78467J100
AX	AXOS FINANCIAL INC	30,624	$2,639	1.0%	$26.17	+214.7%	COM	05465C100
CMPR	CIMPRESS PLC	11,300	$752	0.3%	$129.96	-47.8%	SHS EURO	G2143T103
META	META PLATFORMS INC	500	$330	0.1%	$167.16	+299.2%	CL A	30303M102
IMXI	INTERNATIONAL MNY EXPRESS IN	22,058	$339	0.1%	$15.18	-1.1%	COM	46005L101
CPA	COPA HOLDINGS SA	15,500	$1,869	0.7%	$38.79	+212.6%	CL A	P31076105
HOMB	HOME BANCSHARES INC	51,912	$1,442	0.6%	$21.14	+31.2%	COM	436893200
TATT	TAT TECHNOLOGIES LTD	30,801	$1,376	0.5%	$28.77	+42.2%	ORD NEW	M8740S227
LKQ	LKQ CORP	42,300	$1,277	0.5%	$28.63	+4.7%	COM	501889208
RNG	RINGCENTRAL INC	23,000	$664	0.3%	$129.71	-78.0%	CL A	76680R206
FCFS	FIRSTCASH HOLDINGS INC	10,000	$1,594	0.6%	$66.94	+134.6%	COM	33768G107
GXO	GXO LOGISTICS INCORPORATED	34,000	$1,790	0.7%	$75.70	-30.6%	COMMON STOCK	36262G101
TTEK	TETRA TECH INC NEW	39,050	$1,310	0.5%	$36.47	-7.3%	COM	88162G103