CHESAPEAKE CAPITAL CORP /IL/ Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SHV	ISHARES TR	32,300	$3,558	3.0%	$110.15	—	TRUST ISHARE 0-1	464288679
ACGL	ARCH CAP GROUP LTD	14,200	$1,362	1.1%	$91.50	0.0%	ORD	G0450A105
ROST	ROSS STORES INC	5,776	$1,040	0.9%	$166.60	0.0%	COM	778296103
MRK	MERCK & CO INC	8,710	$917	0.8%	$93.24	0.0%	COM	58933Y105
TTE	TOTALENERGIES SE	12,025	$787	0.7%	$63.23	0.0%	ACT	F92124100
COHR	COHERENT CORP	3,393	$626	0.5%	$149.58	0.0%	COM	19247G107
TS	TENARIS S A	16,287	$626	0.5%	$38.45	—	SPONSORED ADS	88031M109
BIIB	BIOGEN INC	3,544	$624	0.5%	$163.37	0.0%	COM	09062X103
QSR	RESTAURANT BRANDS INTL INC	8,101	$553	0.5%	$68.91	0.0%	COM	76131D103
DVN	DEVON ENERGY CORP NEW	14,865	$545	0.5%	$34.73	0.0%	COM	25179M103
NU	NU HLDGS LTD	31,511	$527	0.4%	$16.07	0.0%	ORD SHS CL A	G6683N103
KEYS	KEYSIGHT TECHNOLOGIES INC	2,548	$518	0.4%	$185.56	0.0%	COM	49338L103
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	6,191	$514	0.4%	$74.65	0.0%	CL A	192446102
HCC	WARRIOR MET COAL INC	5,744	$506	0.4%	$75.18	0.0%	COM	93627C101
PFE	PFIZER INC	19,986	$498	0.4%	$25.03	0.0%	COM	717081103
BG	BUNGE GLOBAL SA	5,220	$465	0.4%	$91.86	0.0%	COM SHS	H11356104
REGN	REGENERON PHARMACEUTICALS	596	$460	0.4%	$678.68	0.0%	COM	75886F107
HAL	HALLIBURTON CO	16,181	$457	0.4%	$26.29	0.0%	COM	406216101
TMO	THERMO FISHER SCIENTIFIC INC	779	$451	0.4%	$565.16	0.0%	COM	883556102
WMS	ADVANCED DRAIN SYS INC DEL	3,060	$443	0.4%	$144.68	0.0%	COM	00790R104
IQV	IQVIA HLDGS INC	1,933	$436	0.4%	$217.58	0.0%	COM	46266C105
ILMN	ILLUMINA INC	3,166	$415	0.3%	$117.40	0.0%	COM	452327109
ALB	ALBEMARLE CORP	2,764	$391	0.3%	$113.25	0.0%	COM	012653101
TECK	TECK RESOURCES LTD	8,080	$387	0.3%	$43.32	0.0%	CL B	878742204
DHR	DANAHER CORPORATION	1,314	$301	0.3%	$219.54	0.0%	COM	235851102
AMR	ALPHA METALLURGICAL RESOUR I	1,494	$299	0.2%	$172.83	0.0%	COM	020764106
AAPL	APPLE INC	898	$244	0.2%	$268.34	0.0%	COM	037833100
SRE	SEMPRA	2,707	$239	0.2%	$90.54	0.0%	COM	816851109
ASML	ASML HOLDING N V	202	$216	0.2%	$1069.86	—	N Y REGISTRY SHS	N07059210
LLY	ELI LILLY & CO	201	$216	0.2%	$955.55	0.0%	COM	532457108

Increased Positions (15)

PRU PRUDENTIAL FINL INC 0.9%

Value ($000) $1,084 (+389.8%) Shares 9,606 (+350.1%) Est. Cost $105.78 Unrealized +0.7%

NEE NEXTERA ENERGY INC 0.8%

Value ($000) $971 (+353.4%) Shares 12,096 (+326.4%) Est. Cost $80.09 Unrealized +3.0%

NUE NUCOR CORP 0.6%

Value ($000) $718 (+107.8%) Shares 4,400 (+72.5%) Est. Cost $144.41 Unrealized +3.7%

GSK GSK PLC 0.5%

Value ($000) $633 (+124.5%) Shares 12,902 (+97.6%) Est. Cost $46.06 Unrealized —

BHP BHP GROUP LTD 0.7%

Value ($000) $884 (+38.0%) Shares 14,640 (+27.5%) Est. Cost $56.75 Unrealized —

STLD STEEL DYNAMICS INC 0.5%

Value ($000) $619 (+59.4%) Shares 3,654 (+31.2%) Est. Cost $137.04 Unrealized +15.6%

URI UNITED RENTALS INC 0.5%

Value ($000) $588 (-12.2%) Shares 727 (+3.6%) Est. Cost $887.74 Unrealized -2.3%

CSCO CISCO SYS INC 0.4%

Value ($000) $466 (+16.6%) Shares 6,051 (+3.6%) Est. Cost $47.71 Unrealized +54.7%

NEM NEWMONT CORP 0.3%

Value ($000) $323 (+22.7%) Shares 3,236 (+3.6%) Est. Cost $70.11 Unrealized +28.7%

SONY SONY GROUP CORP 0.2%

Value ($000) $256 (-7.9%) Shares 9,986 (+3.6%) Est. Cost $38.10 Unrealized —

DE DEERE & CO 0.3%

Value ($000) $311 (+5.4%) Shares 669 (+3.6%) Est. Cost $415.84 Unrealized +12.5%

HIVE HIVE DIGITAL TECHNOLOGIES LT 0.1%

Value ($000) $103 (-12.6%) Shares 39,736 (+36.5%) Est. Cost $3.88 Unrealized +9.0%

ABT ABBOTT LABS 0.3%

Value ($000) $378 (-3.1%) Shares 3,017 (+3.6%) Est. Cost $130.49 Unrealized -2.4%

NVDA NVIDIA CORPORATION 1.0%

Value ($000) $1,160 (+1.0%) Shares 6,220 (+1.0%) Est. Cost $174.41 Unrealized +6.7%

YUM YUM BRANDS INC 0.2%

Value ($000) $238 (+3.1%) Shares 1,571 (+3.6%) Est. Cost $133.79 Unrealized +10.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PRU	PRUDENTIAL FINL INC	9,606 (+350.1%)	$1,084 (+389.8%)	0.9%	$105.78	+0.7%	COM	744320102
NEE	NEXTERA ENERGY INC	12,096 (+326.4%)	$971 (+353.4%)	0.8%	$80.09	+3.0%	COM	65339F101
NUE	NUCOR CORP	4,400 (+72.5%)	$718 (+107.8%)	0.6%	$144.41	+3.7%	COM	670346105
GSK	GSK PLC	12,902 (+97.6%)	$633 (+124.5%)	0.5%	$46.06	—	SPONSORED ADR	37733W204
BHP	BHP GROUP LTD	14,640 (+27.5%)	$884 (+38.0%)	0.7%	$56.75	—	SPONSORED ADS	088606108
STLD	STEEL DYNAMICS INC	3,654 (+31.2%)	$619 (+59.4%)	0.5%	$137.04	+15.6%	COM	858119100
URI	UNITED RENTALS INC	727 (+3.6%)	$588 (-12.2%)	0.5%	$887.74	-2.3%	COM	911363109
CSCO	CISCO SYS INC	6,051 (+3.6%)	$466 (+16.6%)	0.4%	$47.71	+54.7%	COM	17275R102
NEM	NEWMONT CORP	3,236 (+3.6%)	$323 (+22.7%)	0.3%	$70.11	+28.7%	COM	651639106
SONY	SONY GROUP CORP	9,986 (+3.6%)	$256 (-7.9%)	0.2%	$38.10	—	SPONSORED ADR	835699307
DE	DEERE & CO	669 (+3.6%)	$311 (+5.4%)	0.3%	$415.84	+12.5%	COM	244199105
HIVE	HIVE DIGITAL TECHNOLOGIES LT	39,736 (+36.5%)	$103 (-12.6%)	0.1%	$3.88	+9.0%	COM NEW	433921103
ABT	ABBOTT LABS	3,017 (+3.6%)	$378 (-3.1%)	0.3%	$130.49	-2.4%	COM	002824100
NVDA	NVIDIA CORPORATION	6,220 (+1.0%)	$1,160 (+1.0%)	1.0%	$174.41	+6.7%	COM	67066G104
YUM	YUM BRANDS INC	1,571 (+3.6%)	$238 (+3.1%)	0.2%	$133.79	+10.4%	COM	988498101

Exited Positions (22)

JNK SPDR SERIES TRUST 1.4%

Value ($000) $1,704 Shares 17,389 Est. Cost $95.64 Unrealized —

MSTR STRATEGY INC 1.2%

Value ($000) $1,388 Shares 4,307 Est. Cost $135.68 Unrealized +69.7%

LIN LINDE PLC 0.8%

Value ($000) $922 Shares 1,941 Est. Cost $470.63 Unrealized -9.2%

HSY HERSHEY CO 0.6%

Value ($000) $698 Shares 3,729 Est. Cost $179.65 Unrealized +1.4%

CALM CAL MAINE FOODS INC 0.5%

Value ($000) $651 Shares 6,921 Est. Cost $47.34 Unrealized +83.0%

EQNR EQUINOR ASA 0.5%

Value ($000) $588 Shares 24,102 Est. Cost $24.38 Unrealized —

CSGP COSTAR GROUP INC 0.4%

Value ($000) $523 Shares 6,194 Est. Cost $88.37 Unrealized -19.8%

DRS LEONARDO DRS INC 0.4%

Value ($000) $499 Shares 10,988 Est. Cost $21.74 Unrealized +69.5%

CNM CORE & MAIN INC 0.4%

Value ($000) $475 Shares 8,825 Est. Cost $53.89 Unrealized -4.8%

PPC PILGRIMS PRIDE CORP 0.4%

Value ($000) $444 Shares 10,896 Est. Cost $29.12 Unrealized +32.0%

ETHA ISHARES ETHEREUM TR 0.4%

Value ($000) $431 Shares 13,668 Est. Cost $26.88 Unrealized —

ADP AUTOMATIC DATA PROCESSING IN 0.3%

Value ($000) $418 Shares 1,423 Est. Cost $236.61 Unrealized +11.9%

TGLS TECNOGLASS INC 0.3%

Value ($000) $398 Shares 5,947 Est. Cost $57.56 Unrealized -5.1%

MOS MOSAIC CO NEW 0.3%

Value ($000) $382 Shares 11,014 Est. Cost $33.96 Unrealized -21.2%

CXW CORECIVIC INC 0.3%

Value ($000) $381 Shares 18,741 Est. Cost $15.62 Unrealized +17.3%

CNH CNH INDL N V 0.3%

Value ($000) $370 Shares 34,087 Est. Cost $12.21 Unrealized -18.2%

LNG CHENIERE ENERGY INC 0.3%

Value ($000) $369 Shares 1,570 Est. Cost $176.38 Unrealized +19.1%

LPX LOUISIANA PAC CORP 0.3%

Value ($000) $356 Shares 4,004 Est. Cost $76.77 Unrealized +10.1%

GLXY GALAXY DIGITAL INC. 0.2%

Value ($000) $281 Shares 8,318 Est. Cost $26.97 Unrealized +14.9%

OKTA OKTA INC 0.2%

Value ($000) $239 Shares 2,605 Est. Cost $93.37 Unrealized -6.5%

LI LI AUTO INC 0.2%

Value ($000) $227 Shares 8,944 Est. Cost $25.34 Unrealized —

EA ELECTRONIC ARTS INC 0.2%

Value ($000) $218 Shares 1,081 Est. Cost $144.03 Unrealized +40.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JNK	SPDR SERIES TRUST	17,389	$1,704	1.4%	$95.64	—	—	78468R622
MSTR	STRATEGY INC	4,307	$1,388	1.2%	$135.68	+69.7%	—	594972408
LIN	LINDE PLC	1,941	$922	0.8%	$470.63	-9.2%	—	G54950103
HSY	HERSHEY CO	3,729	$698	0.6%	$179.65	+1.4%	—	427866108
CALM	CAL MAINE FOODS INC	6,921	$651	0.5%	$47.34	+83.0%	—	128030202
EQNR	EQUINOR ASA	24,102	$588	0.5%	$24.38	—	—	29446M102
CSGP	COSTAR GROUP INC	6,194	$523	0.4%	$88.37	-19.8%	—	22160N109
DRS	LEONARDO DRS INC	10,988	$499	0.4%	$21.74	+69.5%	—	52661A108
CNM	CORE & MAIN INC	8,825	$475	0.4%	$53.89	-4.8%	—	21874C102
PPC	PILGRIMS PRIDE CORP	10,896	$444	0.4%	$29.12	+32.0%	—	72147K108
ETHA	ISHARES ETHEREUM TR	13,668	$431	0.4%	$26.88	—	—	46438R105
ADP	AUTOMATIC DATA PROCESSING IN	1,423	$418	0.3%	$236.61	+11.9%	—	053015103
TGLS	TECNOGLASS INC	5,947	$398	0.3%	$57.56	-5.1%	—	G87264100
MOS	MOSAIC CO NEW	11,014	$382	0.3%	$33.96	-21.2%	—	61945C103
CXW	CORECIVIC INC	18,741	$381	0.3%	$15.62	+17.3%	—	21871N101
CNH	CNH INDL N V	34,087	$370	0.3%	$12.21	-18.2%	—	N20944109
LNG	CHENIERE ENERGY INC	1,570	$369	0.3%	$176.38	+19.1%	—	16411R208
LPX	LOUISIANA PAC CORP	4,004	$356	0.3%	$76.77	+10.1%	—	546347105
GLXY	GALAXY DIGITAL INC.	8,318	$281	0.2%	$26.97	+14.9%	—	36317J209
OKTA	OKTA INC	2,605	$239	0.2%	$93.37	-6.5%	—	679295105
LI	LI AUTO INC	8,944	$227	0.2%	$25.34	—	—	50202M102
EA	ELECTRONIC ARTS INC	1,081	$218	0.2%	$144.03	+40.1%	—	285512109

Decreased Positions (12)

PFF ISHARES TR 1.1%

Value ($000) $1,259 (-52.3%) Shares 40,663 (-51.3%) Est. Cost $31.65 Unrealized —

FWONK LIBERTY MEDIA CORP DEL 0.3%

Value ($000) $310 (-61.1%) Shares 3,150 (-58.8%) Est. Cost $68.92 Unrealized —

AXON AXON ENTERPRISE INC 0.5%

Value ($000) $625 (-41.9%) Shares 1,100 (-26.6%) Est. Cost $252.65 Unrealized +145.6%

IBIT ISHARES BITCOIN TRUST ETF 0.5%

Value ($000) $544 (-42.1%) Shares 10,962 (-24.2%) Est. Cost $42.56 Unrealized —

AWK AMERICAN WTR WKS CO INC NEW 0.3%

Value ($000) $326 (-52.7%) Shares 2,495 (-49.6%) Est. Cost $131.37 Unrealized +1.4%

COIN COINBASE GLOBAL INC 0.3%

Value ($000) $343 (-49.8%) Shares 1,517 (-25.0%) Est. Cost $136.61 Unrealized +118.1%

VITL VITAL FARMS INC 0.4%

Value ($000) $465 (-40.6%) Shares 14,550 (-23.5%) Est. Cost $23.07 Unrealized +52.6%

GLNG GOLAR LNG LTD 0.5%

Value ($000) $595 (-30.9%) Shares 15,977 (-25.0%) Est. Cost $23.44 Unrealized +62.5%

ZS ZSCALER INC 0.2%

Value ($000) $203 (-53.8%) Shares 901 (-38.4%) Est. Cost $285.11 Unrealized -1.0%

CPNG COUPANG INC 0.2%

Value ($000) $286 (-45.1%) Shares 12,112 (-25.0%) Est. Cost $30.23 Unrealized -5.9%

DHI D R HORTON INC 0.2%

Value ($000) $232 (-45.2%) Shares 1,609 (-35.5%) Est. Cost $156.63 Unrealized -2.9%

PCT PURECYCLE TECHNOLOGIES INC 0.1%

Value ($000) $159 (-45.7%) Shares 18,496 (-16.9%) Est. Cost $6.69 Unrealized +58.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PFF	ISHARES TR	40,663 (-51.3%)	$1,259 (-52.3%)	1.1%	$31.65	—	PFD AND INCM SEC	464288687
FWONK	LIBERTY MEDIA CORP DEL	3,150 (-58.8%)	$310 (-61.1%)	0.3%	$68.92	—	COM LBTY ONE S C	531229755
AXON	AXON ENTERPRISE INC	1,100 (-26.6%)	$625 (-41.9%)	0.5%	$252.65	+145.6%	COM	05464C101
IBIT	ISHARES BITCOIN TRUST ETF	10,962 (-24.2%)	$544 (-42.1%)	0.5%	$42.56	—	SHS BEN INT	46438F101
AWK	AMERICAN WTR WKS CO INC NEW	2,495 (-49.6%)	$326 (-52.7%)	0.3%	$131.37	+1.4%	COM	030420103
COIN	COINBASE GLOBAL INC	1,517 (-25.0%)	$343 (-49.8%)	0.3%	$136.61	+118.1%	COM CL A	19260Q107
VITL	VITAL FARMS INC	14,550 (-23.5%)	$465 (-40.6%)	0.4%	$23.07	+52.6%	COM	92847W103
GLNG	GOLAR LNG LTD	15,977 (-25.0%)	$595 (-30.9%)	0.5%	$23.44	+62.5%	SHS	G9456A100
ZS	ZSCALER INC	901 (-38.4%)	$203 (-53.8%)	0.2%	$285.11	-1.0%	COM	98980G102
CPNG	COUPANG INC	12,112 (-25.0%)	$286 (-45.1%)	0.2%	$30.23	-5.9%	CL A	22266T109
DHI	D R HORTON INC	1,609 (-35.5%)	$232 (-45.2%)	0.2%	$156.63	-2.9%	COM	23331A109
PCT	PURECYCLE TECHNOLOGIES INC	18,496 (-16.9%)	$159 (-45.7%)	0.1%	$6.69	+58.6%	COM	74623V103

Unchanged Positions (101)

LITE LUMENTUM HLDGS INC 1.4%

Value ($000) $1,689 Shares 4,582 Est. Cost $54.12 Unrealized +374.5%

MU MICRON TECHNOLOGY INC 1.2%

Value ($000) $1,420 Shares 4,974 Est. Cost $127.82 Unrealized +79.4%

WDC WESTERN DIGITAL CORP 1.4%

Value ($000) $1,622 Shares 9,418 Est. Cost $81.60 Unrealized +85.7%

CRS CARPENTER TECHNOLOGY CORP 1.4%

Value ($000) $1,676 Shares 5,322 Est. Cost $81.43 Unrealized +269.1%

LEU CENTRUS ENERGY CORP 1.0%

Value ($000) $1,152 Shares 4,746 Est. Cost $41.81 Unrealized +622.3%

KTOS KRATOS DEFENSE & SEC SOLUTIO 1.2%

Value ($000) $1,379 Shares 18,165 Est. Cost $19.08 Unrealized +329.0%

MP MP MATERIALS CORP 0.6%

Value ($000) $774 Shares 15,317 Est. Cost $18.54 Unrealized +242.0%

IONQ IONQ INC 0.5%

Value ($000) $624 Shares 13,907 Est. Cost $25.08 Unrealized +123.5%

AU ANGLOGOLD ASHANTI PLC 1.0%

Value ($000) $1,234 Shares 14,472 Est. Cost $24.18 Unrealized +220.6%

RIO RIO TINTO PLC 1.0%

Value ($000) $1,181 Shares 14,752 Est. Cost $66.01 Unrealized —

LRCX LAM RESEARCH CORP 0.8%

Value ($000) $900 Shares 5,257 Est. Cost $105.52 Unrealized +47.2%

BNS BANK NOVA SCOTIA HALIFAX 1.2%

Value ($000) $1,383 Shares 18,768 Est. Cost $58.93 Unrealized +15.3%

AMD ADVANCED MICRO DEVICES INC 0.6%

Value ($000) $672 Shares 3,136 Est. Cost $161.38 Unrealized +39.2%

VALE VALE S A 0.8%

Value ($000) $943 Shares 72,358 Est. Cost $10.86 Unrealized —

TD TORONTO DOMINION BK ONT 0.8%

Value ($000) $947 Shares 10,055 Est. Cost $75.06 Unrealized +12.5%

IREN IREN LIMITED 0.5%

Value ($000) $583 Shares 15,434 Est. Cost $5.37 Unrealized +861.2%

CHRW C H ROBINSON WORLDWIDE INC 0.6%

Value ($000) $727 Shares 4,522 Est. Cost $94.05 Unrealized +56.6%

ATI ATI INC 0.4%

Value ($000) $435 Shares 3,794 Est. Cost $81.04 Unrealized +20.3%

HII HUNTINGTON INGALLS INDS INC 0.7%

Value ($000) $788 Shares 2,317 Est. Cost $264.43 Unrealized +17.0%

SCCO SOUTHERN COPPER CORP 0.6%

Value ($000) $737 Shares 5,134 Est. Cost $97.73 Unrealized +35.8%

ZIM ZIM INTEGRATED SHIPPING SERV 0.3%

Value ($000) $308 Shares 14,506 Est. Cost $16.18 Unrealized +3.7%

EW EDWARDS LIFESCIENCES CORP 0.9%

Value ($000) $1,106 Shares 12,970 Est. Cost $78.13 Unrealized +5.0%

RBC RBC BEARINGS INC 0.6%

Value ($000) $760 Shares 1,695 Est. Cost $254.78 Unrealized +66.2%

MNST MONSTER BEVERAGE CORP NEW 0.7%

Value ($000) $785 Shares 10,239 Est. Cost $62.42 Unrealized +14.8%

SYY SYSCO CORP 0.7%

Value ($000) $790 Shares 10,717 Est. Cost $78.85 Unrealized -4.2%

ORA ORMAT TECHNOLOGIES INC 0.6%

Value ($000) $700 Shares 6,334 Est. Cost $81.40 Unrealized +34.3%

CDNS CADENCE DESIGN SYSTEM INC 0.6%

Value ($000) $726 Shares 2,324 Est. Cost $344.03 Unrealized -5.1%

ATMU ATMUS FILTRATION TECHNOLOGIE 0.6%

Value ($000) $661 Shares 12,726 Est. Cost $32.39 Unrealized +49.2%

O REALTY INCOME CORP 0.9%

Value ($000) $1,040 Shares 18,442 Est. Cost $56.92 Unrealized +0.8%

NXT NEXTPOWER INC 0.4%

Value ($000) $501 Shares 5,756 Est. Cost $64.43 Unrealized +40.7%

EMBJ EMBRAER S.A. 1.0%

Value ($000) $1,218 Shares 18,919 Est. Cost $22.22 Unrealized —

VMC VULCAN MATLS CO 0.9%

Value ($000) $1,059 Shares 3,712 Est. Cost $283.25 Unrealized +3.5%

NOC NORTHROP GRUMMAN CORP 1.0%

Value ($000) $1,237 Shares 2,169 Est. Cost $538.27 Unrealized +7.5%

XYL XYLEM INC 0.7%

Value ($000) $871 Shares 6,399 Est. Cost $138.06 Unrealized +4.0%

KLAC KLA CORP 0.5%

Value ($000) $628 Shares 517 Est. Cost $930.36 Unrealized +26.0%

MSI MOTOROLA SOLUTIONS INC 0.3%

Value ($000) $362 Shares 945 Est. Cost $448.33 Unrealized -10.6%

SU SUNCOR ENERGY INC NEW 0.8%

Value ($000) $1,009 Shares 22,741 Est. Cost $40.11 Unrealized +5.4%

AGI ALAMOS GOLD INC NEW 0.6%

Value ($000) $677 Shares 17,560 Est. Cost $14.15 Unrealized +146.2%

CLSK CLEANSPARK INC 0.1%

Value ($000) $146 Shares 14,378 Est. Cost $6.23 Unrealized +140.7%

NTES NETEASE INC 0.5%

Value ($000) $591 Shares 4,296 Est. Cost $151.99 Unrealized —

ROK ROCKWELL AUTOMATION INC 0.5%

Value ($000) $555 Shares 1,426 Est. Cost $343.44 Unrealized +9.3%

MSFT MICROSOFT CORP 0.6%

Value ($000) $743 Shares 1,536 Est. Cost $508.71 Unrealized -1.6%

TKO TKO GROUP HOLDINGS INC 1.3%

Value ($000) $1,499 Shares 7,171 Est. Cost $112.93 Unrealized +71.6%

ULS UL SOLUTIONS INC 0.4%

Value ($000) $494 Shares 6,264 Est. Cost $68.16 Unrealized +17.8%

BWXT BWX TECHNOLOGIES INC 0.6%

Value ($000) $729 Shares 4,216 Est. Cost $80.58 Unrealized +132.6%

HDB HDFC BANK LTD 0.6%

Value ($000) $723 Shares 19,782 Est. Cost $34.16 Unrealized —

NET CLOUDFLARE INC 0.4%

Value ($000) $510 Shares 2,587 Est. Cost $97.70 Unrealized +116.5%

CCJ CAMECO CORP 0.4%

Value ($000) $523 Shares 5,715 Est. Cost $54.31 Unrealized +65.6%

NTR NUTRIEN LTD 0.6%

Value ($000) $748 Shares 12,116 Est. Cost $58.28 Unrealized +1.0%

ECL ECOLAB INC 0.8%

Value ($000) $973 Shares 3,706 Est. Cost $270.32 Unrealized -1.7%

IDXX IDEXX LABS INC 0.6%

Value ($000) $669 Shares 989 Est. Cost $606.98 Unrealized +12.2%

VMI VALMONT INDS INC 0.9%

Value ($000) $1,020 Shares 2,535 Est. Cost $243.81 Unrealized +66.9%

LHX L3HARRIS TECHNOLOGIES INC 0.8%

Value ($000) $912 Shares 3,107 Est. Cost $271.37 Unrealized +6.3%

PODD INSULET CORP 0.4%

Value ($000) $427 Shares 1,502 Est. Cost $251.84 Unrealized +24.1%

NSC NORFOLK SOUTHN CORP 0.7%

Value ($000) $852 Shares 2,950 Est. Cost $276.03 Unrealized +4.6%

CVS CVS HEALTH CORP 0.6%

Value ($000) $689 Shares 8,683 Est. Cost $67.82 Unrealized +16.0%

ITT ITT INC 0.9%

Value ($000) $1,092 Shares 6,296 Est. Cost $128.11 Unrealized +39.9%

GEV GE VERNOVA INC 0.5%

Value ($000) $548 Shares 839 Est. Cost $605.52 Unrealized +0.6%

AZZ AZZ INC 1.5%

Value ($000) $1,736 Shares 16,194 Est. Cost $54.76 Unrealized +88.9%

NVT NVENT ELECTRIC PLC 0.8%

Value ($000) $931 Shares 9,126 Est. Cost $64.78 Unrealized +59.9%

GVA GRANITE CONSTR INC 0.5%

Value ($000) $604 Shares 5,235 Est. Cost $49.43 Unrealized +117.4%

CCK CROWN HLDGS INC 0.4%

Value ($000) $463 Shares 4,492 Est. Cost $84.85 Unrealized +14.7%

GWW WW GRAINGER INC 0.4%

Value ($000) $504 Shares 499 Est. Cost $1000.75 Unrealized -3.2%

TEL TE CONNECTIVITY PLC 0.6%

Value ($000) $771 Shares 3,388 Est. Cost $200.01 Unrealized +15.6%

RBRK RUBRIK INC. 0.3%

Value ($000) $342 Shares 4,470 Est. Cost $85.96 Unrealized -10.8%

TIP ISHARES TR 1.8%

Value ($000) $2,106 Shares 19,159 Est. Cost $108.49 Unrealized —

GATX GATX CORP 0.7%

Value ($000) $812 Shares 4,789 Est. Cost $124.77 Unrealized +31.7%

MUB ISHARES TR 3.6%

Value ($000) $4,280 Shares 39,960 Est. Cost $107.18 Unrealized —

CWB SPDR SERIES TRUST 1.4%

Value ($000) $1,639 Shares 18,371 Est. Cost $73.12 Unrealized —

WTRG ESSENTIAL UTILS INC 0.5%

Value ($000) $583 Shares 15,204 Est. Cost $38.12 Unrealized +3.2%

ADM ARCHER DANIELS MIDLAND CO 0.6%

Value ($000) $756 Shares 13,151 Est. Cost $57.76 Unrealized +3.0%

AS AMER SPORTS INC 0.3%

Value ($000) $317 Shares 8,479 Est. Cost $37.71 Unrealized -9.0%

APLD APPLIED DIGITAL CORP 0.3%

Value ($000) $323 Shares 13,165 Est. Cost $6.28 Unrealized +358.4%

BE BLOOM ENERGY CORP 0.6%

Value ($000) $763 Shares 8,776 Est. Cost $17.53 Unrealized +499.4%

BUD ANHEUSER BUSCH INBEV SA/NV 0.2%

Value ($000) $283 Shares 4,417 Est. Cost $59.61 Unrealized —

YOU CLEAR SECURE INC 0.3%

Value ($000) $399 Shares 11,376 Est. Cost $24.93 Unrealized +36.3%

AWI ARMSTRONG WORLD INDS INC NEW 0.6%

Value ($000) $714 Shares 3,736 Est. Cost $90.20 Unrealized +111.4%

INTU INTUIT 0.5%

Value ($000) $569 Shares 859 Est. Cost $719.44 Unrealized -8.2%

FRO FRONTLINE PLC 0.3%

Value ($000) $395 Shares 18,109 Est. Cost $20.25 Unrealized +15.4%

MTZ MASTEC INC 0.6%

Value ($000) $740 Shares 3,405 Est. Cost $103.29 Unrealized +103.2%

CLF CLEVELAND-CLIFFS INC NEW 0.2%

Value ($000) $185 Shares 13,937 Est. Cost $10.52 Unrealized +20.1%

EMB ISHARES TR 1.1%

Value ($000) $1,288 Shares 13,381 Est. Cost $91.33 Unrealized —

GFF GRIFFON CORP 0.4%

Value ($000) $425 Shares 5,771 Est. Cost $56.40 Unrealized +31.6%

PWR QUANTA SVCS INC 0.6%

Value ($000) $747 Shares 1,769 Est. Cost $388.50 Unrealized +13.1%

SNOW SNOWFLAKE INC 0.6%

Value ($000) $699 Shares 3,187 Est. Cost $214.74 Unrealized +13.7%

AMX AMERICA MOVIL SAB DE CV 0.6%

Value ($000) $766 Shares 37,043 Est. Cost $21.00 Unrealized —

GD GENERAL DYNAMICS CORP 0.8%

Value ($000) $904 Shares 2,686 Est. Cost $313.76 Unrealized +8.6%

AGCO AGCO CORP 0.3%

Value ($000) $378 Shares 3,619 Est. Cost $109.75 Unrealized -3.4%

NXE NEXGEN ENERGY LTD 0.3%

Value ($000) $345 Shares 37,542 Est. Cost $7.52 Unrealized +17.4%

AEM AGNICO EAGLE MINES LTD 1.2%

Value ($000) $1,387 Shares 8,180 Est. Cost $66.23 Unrealized +153.4%

KGS KODIAK GAS SVCS INC 0.6%

Value ($000) $680 Shares 18,188 Est. Cost $27.50 Unrealized +28.6%

EQT EQT CORP 0.4%

Value ($000) $470 Shares 8,770 Est. Cost $40.68 Unrealized +38.0%

BP BP PLC 0.6%

Value ($000) $742 Shares 21,366 Est. Cost $34.46 Unrealized —

VCSH VANGUARD SCOTTSDALE FDS 1.7%

Value ($000) $2,035 Shares 25,526 Est. Cost $77.84 Unrealized —

VCIT VANGUARD SCOTTSDALE FDS 1.0%

Value ($000) $1,143 Shares 13,653 Est. Cost $81.86 Unrealized —

FERG FERGUSON ENTERPRISES INC 0.4%

Value ($000) $487 Shares 2,187 Est. Cost $224.73 Unrealized +5.9%

MLM MARTIN MARIETTA MATLS INC 0.8%

Value ($000) $927 Shares 1,488 Est. Cost $594.66 Unrealized +4.5%

BA BOEING CO 0.4%

Value ($000) $488 Shares 2,249 Est. Cost $225.47 Unrealized -8.8%

CR CRANE COMPANY 0.5%

Value ($000) $634 Shares 3,438 Est. Cost $142.46 Unrealized +30.1%

MBB ISHARES TR 0.9%

Value ($000) $1,089 Shares 11,439 Est. Cost $94.54 Unrealized —

CTVA CORTEVA INC 1.0%

Value ($000) $1,209 Shares 18,035 Est. Cost $55.78 Unrealized +15.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LITE	LUMENTUM HLDGS INC	4,582	$1,689	1.4%	$54.12	+374.5%	COM	55024U109
MU	MICRON TECHNOLOGY INC	4,974	$1,420	1.2%	$127.82	+79.4%	COM	595112103
WDC	WESTERN DIGITAL CORP	9,418	$1,622	1.4%	$81.60	+85.7%	COM	958102105
CRS	CARPENTER TECHNOLOGY CORP	5,322	$1,676	1.4%	$81.43	+269.1%	COM	144285103
LEU	CENTRUS ENERGY CORP	4,746	$1,152	1.0%	$41.81	+622.3%	CL A	15643U104
KTOS	KRATOS DEFENSE & SEC SOLUTIO	18,165	$1,379	1.2%	$19.08	+329.0%	COM NEW	50077B207
MP	MP MATERIALS CORP	15,317	$774	0.6%	$18.54	+242.0%	COM CL A	553368101
IONQ	IONQ INC	13,907	$624	0.5%	$25.08	+123.5%	COM	46222L108
AU	ANGLOGOLD ASHANTI PLC	14,472	$1,234	1.0%	$24.18	+220.6%	COM SHS	G0378L100
RIO	RIO TINTO PLC	14,752	$1,181	1.0%	$66.01	—	SPONSORED ADR	767204100
LRCX	LAM RESEARCH CORP	5,257	$900	0.8%	$105.52	+47.2%	COM NEW	512807306
BNS	BANK NOVA SCOTIA HALIFAX	18,768	$1,383	1.2%	$58.93	+15.3%	COM	064149107
AMD	ADVANCED MICRO DEVICES INC	3,136	$672	0.6%	$161.38	+39.2%	COM	007903107
VALE	VALE S A	72,358	$943	0.8%	$10.86	—	SPONSORED ADS	91912E105
TD	TORONTO DOMINION BK ONT	10,055	$947	0.8%	$75.06	+12.5%	COM NEW	891160509
IREN	IREN LIMITED	15,434	$583	0.5%	$5.37	+861.2%	ORDINARY SHARES	Q4982L109
CHRW	C H ROBINSON WORLDWIDE INC	4,522	$727	0.6%	$94.05	+56.6%	COM NEW	12541W209
ATI	ATI INC	3,794	$435	0.4%	$81.04	+20.3%	COM	01741R102
HII	HUNTINGTON INGALLS INDS INC	2,317	$788	0.7%	$264.43	+17.0%	COM	446413106
SCCO	SOUTHERN COPPER CORP	5,134	$737	0.6%	$97.73	+35.8%	COM	84265V105
ZIM	ZIM INTEGRATED SHIPPING SERV	14,506	$308	0.3%	$16.18	+3.7%	SHS	M9T951109
EW	EDWARDS LIFESCIENCES CORP	12,970	$1,106	0.9%	$78.13	+5.0%	COM	28176E108
RBC	RBC BEARINGS INC	1,695	$760	0.6%	$254.78	+66.2%	COM	75524B104
MNST	MONSTER BEVERAGE CORP NEW	10,239	$785	0.7%	$62.42	+14.8%	COM	61174X109
SYY	SYSCO CORP	10,717	$790	0.7%	$78.85	-4.2%	COM	871829107
ORA	ORMAT TECHNOLOGIES INC	6,334	$700	0.6%	$81.40	+34.3%	COM	686688102
CDNS	CADENCE DESIGN SYSTEM INC	2,324	$726	0.6%	$344.03	-5.1%	COM	127387108
ATMU	ATMUS FILTRATION TECHNOLOGIE	12,726	$661	0.6%	$32.39	+49.2%	COM	04956D107
O	REALTY INCOME CORP	18,442	$1,040	0.9%	$56.92	+0.8%	COM	756109104
NXT	NEXTPOWER INC	5,756	$501	0.4%	$64.43	+40.7%	CLASS A COM	65290E101
EMBJ	EMBRAER S.A.	18,919	$1,218	1.0%	$22.22	—	SPONSORED ADS	29082A107
VMC	VULCAN MATLS CO	3,712	$1,059	0.9%	$283.25	+3.5%	COM	929160109
NOC	NORTHROP GRUMMAN CORP	2,169	$1,237	1.0%	$538.27	+7.5%	COM	666807102
XYL	XYLEM INC	6,399	$871	0.7%	$138.06	+4.0%	COM	98419M100
KLAC	KLA CORP	517	$628	0.5%	$930.36	+26.0%	COM NEW	482480100
MSI	MOTOROLA SOLUTIONS INC	945	$362	0.3%	$448.33	-10.6%	COM NEW	620076307
SU	SUNCOR ENERGY INC NEW	22,741	$1,009	0.8%	$40.11	+5.4%	COM	867224107
AGI	ALAMOS GOLD INC NEW	17,560	$677	0.6%	$14.15	+146.2%	COM CL A	011532108
CLSK	CLEANSPARK INC	14,378	$146	0.1%	$6.23	+140.7%	COM NEW	18452B209
NTES	NETEASE INC	4,296	$591	0.5%	$151.99	—	SPONSORED ADS	64110W102
ROK	ROCKWELL AUTOMATION INC	1,426	$555	0.5%	$343.44	+9.3%	COM	773903109
MSFT	MICROSOFT CORP	1,536	$743	0.6%	$508.71	-1.6%	COM	594918104
TKO	TKO GROUP HOLDINGS INC	7,171	$1,499	1.3%	$112.93	+71.6%	CL A	87256C101
ULS	UL SOLUTIONS INC	6,264	$494	0.4%	$68.16	+17.8%	CLASS A COM SHS	903731107
BWXT	BWX TECHNOLOGIES INC	4,216	$729	0.6%	$80.58	+132.6%	COM	05605H100
HDB	HDFC BANK LTD	19,782	$723	0.6%	$34.16	—	SPONSORED ADS	40415F101
NET	CLOUDFLARE INC	2,587	$510	0.4%	$97.70	+116.5%	CL A COM	18915M107
CCJ	CAMECO CORP	5,715	$523	0.4%	$54.31	+65.6%	COM	13321L108
NTR	NUTRIEN LTD	12,116	$748	0.6%	$58.28	+1.0%	COM	67077M108
ECL	ECOLAB INC	3,706	$973	0.8%	$270.32	-1.7%	COM	278865100
IDXX	IDEXX LABS INC	989	$669	0.6%	$606.98	+12.2%	COM	45168D104
VMI	VALMONT INDS INC	2,535	$1,020	0.9%	$243.81	+66.9%	COM	920253101
LHX	L3HARRIS TECHNOLOGIES INC	3,107	$912	0.8%	$271.37	+6.3%	COM	502431109
PODD	INSULET CORP	1,502	$427	0.4%	$251.84	+24.1%	COM	45784P101
NSC	NORFOLK SOUTHN CORP	2,950	$852	0.7%	$276.03	+4.6%	COM	655844108
CVS	CVS HEALTH CORP	8,683	$689	0.6%	$67.82	+16.0%	COM	126650100
ITT	ITT INC	6,296	$1,092	0.9%	$128.11	+39.9%	COM	45073V108
GEV	GE VERNOVA INC	839	$548	0.5%	$605.52	+0.6%	COM	36828A101
AZZ	AZZ INC	16,194	$1,736	1.5%	$54.76	+88.9%	COM	002474104
NVT	NVENT ELECTRIC PLC	9,126	$931	0.8%	$64.78	+59.9%	SHS	G6700G107
GVA	GRANITE CONSTR INC	5,235	$604	0.5%	$49.43	+117.4%	COM	387328107
CCK	CROWN HLDGS INC	4,492	$463	0.4%	$84.85	+14.7%	COM	228368106
GWW	WW GRAINGER INC	499	$504	0.4%	$1000.75	-3.2%	COM	384802104
TEL	TE CONNECTIVITY PLC	3,388	$771	0.6%	$200.01	+15.6%	ORD SHS	G87052109
RBRK	RUBRIK INC.	4,470	$342	0.3%	$85.96	-10.8%	CL A	781154109
TIP	ISHARES TR	19,159	$2,106	1.8%	$108.49	—	TIPS BD ETF	464287176
GATX	GATX CORP	4,789	$812	0.7%	$124.77	+31.7%	COM	361448103
MUB	ISHARES TR	39,960	$4,280	3.6%	$107.18	—	NATIONAL MUN ETF	464288414
CWB	SPDR SERIES TRUST	18,371	$1,639	1.4%	$73.12	—	STATE STREET SPD	78464A359
WTRG	ESSENTIAL UTILS INC	15,204	$583	0.5%	$38.12	+3.2%	COM	29670G102
ADM	ARCHER DANIELS MIDLAND CO	13,151	$756	0.6%	$57.76	+3.0%	COM	039483102
AS	AMER SPORTS INC	8,479	$317	0.3%	$37.71	-9.0%	COM SHS	G0260P102
APLD	APPLIED DIGITAL CORP	13,165	$323	0.3%	$6.28	+358.4%	COM NEW	038169207
BE	BLOOM ENERGY CORP	8,776	$763	0.6%	$17.53	+499.4%	COM CL A	093712107
BUD	ANHEUSER BUSCH INBEV SA/NV	4,417	$283	0.2%	$59.61	—	SPONSORED ADR	03524A108
YOU	CLEAR SECURE INC	11,376	$399	0.3%	$24.93	+36.3%	COM CL A	18467V109
AWI	ARMSTRONG WORLD INDS INC NEW	3,736	$714	0.6%	$90.20	+111.4%	COM	04247X102
INTU	INTUIT	859	$569	0.5%	$719.44	-8.2%	COM	461202103
FRO	FRONTLINE PLC	18,109	$395	0.3%	$20.25	+15.4%	COM	M46528101
MTZ	MASTEC INC	3,405	$740	0.6%	$103.29	+103.2%	COM	576323109
CLF	CLEVELAND-CLIFFS INC NEW	13,937	$185	0.2%	$10.52	+20.1%	COM	185899101
EMB	ISHARES TR	13,381	$1,288	1.1%	$91.33	—	JPMORGAN USD EMG	464288281
GFF	GRIFFON CORP	5,771	$425	0.4%	$56.40	+31.6%	COM	398433102
PWR	QUANTA SVCS INC	1,769	$747	0.6%	$388.50	+13.1%	COM	74762E102
SNOW	SNOWFLAKE INC	3,187	$699	0.6%	$214.74	+13.7%	COM SHS	833445109
AMX	AMERICA MOVIL SAB DE CV	37,043	$766	0.6%	$21.00	—	SPON ADS RP CL B	02390A101
GD	GENERAL DYNAMICS CORP	2,686	$904	0.8%	$313.76	+8.6%	COM	369550108
AGCO	AGCO CORP	3,619	$378	0.3%	$109.75	-3.4%	COM	001084102
NXE	NEXGEN ENERGY LTD	37,542	$345	0.3%	$7.52	+17.4%	COM	65340P106
AEM	AGNICO EAGLE MINES LTD	8,180	$1,387	1.2%	$66.23	+153.4%	COM	008474108
KGS	KODIAK GAS SVCS INC	18,188	$680	0.6%	$27.50	+28.6%	COM	50012A108
EQT	EQT CORP	8,770	$470	0.4%	$40.68	+38.0%	COM	26884L109
BP	BP PLC	21,366	$742	0.6%	$34.46	—	SPONSORED ADR	055622104
VCSH	VANGUARD SCOTTSDALE FDS	25,526	$2,035	1.7%	$77.84	—	SHRT TRM CORP BD	92206C409
VCIT	VANGUARD SCOTTSDALE FDS	13,653	$1,143	1.0%	$81.86	—	INT-TERM CORP	92206C870
FERG	FERGUSON ENTERPRISES INC	2,187	$487	0.4%	$224.73	+5.9%	COMMON STOCK NEW	31488V107
MLM	MARTIN MARIETTA MATLS INC	1,488	$927	0.8%	$594.66	+4.5%	COM	573284106
BA	BOEING CO	2,249	$488	0.4%	$225.47	-8.8%	COM	097023105
CR	CRANE COMPANY	3,438	$634	0.5%	$142.46	+30.1%	COMMON STOCK	224408104
MBB	ISHARES TR	11,439	$1,089	0.9%	$94.54	—	MBS ETF	464288588
CTVA	CORTEVA INC	18,035	$1,209	1.0%	$55.78	+15.7%	COM	22052L104