GAGNON SECURITIES LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CDNA	CAREDX INC	1,774,890 (+2.6%)	$33,439 (+33.0%)	6.8%	$15.53	+7.9%	COM	14167L103
TMCI	TREACE MED CONCEPTS INC	3,110,575 (+37.7%)	$7,621 (-49.7%)	1.6%	$6.12	-29.1%	COM	89455T109
PROF	PROFOUND MED CORP	1,944,061 (+12.2%)	$15,300 (+80.5%)	3.1%	$9.69	-33.7%	COM	74319B502
FIVN	FIVE9 INC	625,726 (+109.0%)	$12,546 (+73.2%)	2.6%	$30.46	-30.3%	COM	338307101
AMPL	AMPLITUDE INC	698,870 (+36.8%)	$8,093 (+47.8%)	1.6%	$11.50	-8.5%	COM CL A	03213A104
KMX	CARMAX INC	320,077 (+41.9%)	$12,368 (+22.2%)	2.5%	$62.98	-36.5%	COM	143130102
PCRX	PACIRA BIOSCIENCES INC	501,211 (+11.5%)	$12,971 (+11.9%)	2.6%	$36.76	-35.3%	COM	695127100
HZO	MarineMax Inc	322,053 (+23.2%)	$7,803 (+17.9%)	1.6%	$25.33	-2.6%	COM	567908108
CMG	CHIPOTLE MEXICAN GRILL INC	156,975 (+30.4%)	$5,808 (+23.1%)	1.2%	$55.04	-34.3%	COM	169656105
PTEN	PATTERSON-UTI ENERGY INC	352,777 (+69.0%)	$2,155 (+99.4%)	0.4%	$9.87	-39.5%	COM	703481101
QDEL	QUIDELORTHO CORP	159,177 (+29.9%)	$4,546 (+26.0%)	0.9%	$44.86	-39.6%	COM NEW	219798105
NCNO	NCINO INC	73,494 (+92.1%)	$1,884 (+81.7%)	0.4%	$31.39	-19.1%	SPONSORED ADS	63947X101
ICUI	ICU MED INC	29,073 (+1.1%)	$4,148 (+20.3%)	0.8%	$143.92	-6.9%	COM	44930G107
GAMB	GAMBLING COM GROUP LIMITED	105,569 (+357.8%)	$576 (+205.5%)	0.1%	$7.53	-15.6%	ORDINARY SHARES	G3R239101
WEAV	WEAVE COMMUNICATIONS INC	70,489 (+54.8%)	$535 (+75.9%)	0.1%	$11.27	-41.1%	COM	94724R108
PRLB	PROTO LABS INC	111,548 (+2.6%)	$5,643 (+3.7%)	1.1%	$65.11	-21.4%	SPON ADS NEW	743713109
MTSI	MACOM TECH SOLUTIONS HLDGS INC	3,295 (+4.9%)	$564 (+44.3%)	0.1%	$133.21	+19.2%	COM	55405Y100
CVLT	COMMVAULT SYS INC	2,453 (+1.4%)	$308 (-32.6%)	0.1%	$65.41	+115.1%	COM	204166102
PETS	PETMED EXPRESS INC	42,328 (+77.5%)	$135 (+126.3%)	0.0%	$14.06	-82.2%	COM	716382106
RDHL	REDHILL BIOPHARMA LTD	86,102 (+383.1%)	$89 (+129.3%)	0.0%	$1.27	—	SPONSORED ADR	757468301
RNTX	REIN THERAPEUTICS INC	240,220 (+5.0%)	$279 (+6.4%)	0.1%	$1.58	-12.8%	COM	00887A204
ETSY	ETSY INC	5,692 (+14.5%)	$316 (-4.4%)	0.1%	$66.19	-7.8%	COM	29786A106
PFE	PFIZER INC	44,353 (+2.8%)	$1,104 (+0.4%)	0.2%	$27.17	-7.8%	COM NEW	717081103

Exited Positions (2)

PSIX POWER SOLUTIONS INTL INC 1.3%

Value ($000) $6,362 Shares 64,770 Est. Cost $14.23 Unrealized +401.5%

BLZE BACKBLAZE INC 0.1%

Value ($000) $514 Shares 55,393 Est. Cost $4.76 Unrealized +44.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PSIX	POWER SOLUTIONS INTL INC	64,770	$6,362	1.3%	$14.23	+401.5%	—	73933G202
BLZE	BACKBLAZE INC	55,393	$514	0.1%	$4.76	+44.0%	—	05637B105

Decreased Positions (24)

ASPN ASPEN AEROGELS INC 0.7%

Value ($000) $3,207 (-73.7%) Shares 1,133,248 (-35.4%) Est. Cost $5.75 Unrealized -10.4%

EXAS EXACT SCIENCES CORP 3.5%

Value ($000) $17,003 (+73.2%) Shares 167,414 (-6.7%) Est. Cost $57.41 Unrealized +39.9%

FRSH FRESHWORKS INC 3.1%

Value ($000) $15,068 (-31.4%) Shares 1,230,011 (-34.1%) Est. Cost $17.65 Unrealized -33.0%

AL AIR LEASE CORP 6.5%

Value ($000) $31,920 (-17.2%) Shares 496,957 (-17.9%) Est. Cost $31.58 Unrealized +101.7%

AMRC AMERESCO INC 5.0%

Value ($000) $24,395 (-15.5%) Shares 832,884 (-3.1%) Est. Cost $19.47 Unrealized +80.2%

WGS GENEDX HOLDINGS CORP 6.7%

Value ($000) $32,975 (+13.7%) Shares 253,534 (-5.8%) Est. Cost $7.50 Unrealized +1730.8%

SAM BOSTON BEER INC 0.3%

Value ($000) $1,240 (-72.7%) Shares 6,355 (-70.5%) Est. Cost $320.33 Unrealized -35.6%

GNRC GENERAC HLDGS INC 2.1%

Value ($000) $10,309 (-20.6%) Shares 75,593 (-2.5%) Est. Cost $132.46 Unrealized +21.8%

CELC CELCUITY INC 1.1%

Value ($000) $5,326 (+99.8%) Shares 53,401 (-1.0%) Est. Cost $10.65 Unrealized +671.8%

DV DOUBLEVERIFY HLDGS INC 1.1%

Value ($000) $5,625 (-30.9%) Shares 491,664 (-27.7%) Est. Cost $16.13 Unrealized -31.6%

VERX VERTEX INC 1.5%

Value ($000) $7,282 (-22.4%) Shares 364,643 (-3.7%) Est. Cost $31.87 Unrealized -32.1%

ISRG INTUITIVE SURGICAL INC 3.7%

Value ($000) $18,009 (-7.1%) Shares 31,797 (-26.7%) Est. Cost $318.69 Unrealized +67.1%

OSUR OraSure Technologies Inc 0.8%

Value ($000) $3,799 (-25.8%) Shares 1,569,782 (-1.6%) Est. Cost $3.42 Unrealized -23.1%

PNTG PENNANT GROUP INC 0.8%

Value ($000) $3,871 (+8.3%) Shares 137,526 (-2.9%) Est. Cost $23.67 Unrealized +12.4%

SHOP SHOPIFY INC 0.1%

Value ($000) $593 (-25.3%) Shares 3,684 (-31.1%) Est. Cost $40.64 Unrealized +295.0%

MU MICRON TECHNOLOGY INC 0.1%

Value ($000) $307 (-37.5%) Shares 1,077 (-63.3%) Est. Cost $65.48 Unrealized +250.2%

ENSG ENSIGN GROUP INC 6.4%

Value ($000) $31,452 (-0.5%) Shares 180,549 (-1.4%) Est. Cost $34.12 Unrealized +426.4%

T AT&T INC 0.2%

Value ($000) $825 (-13.8%) Shares 33,227 (-2.0%) Est. Cost $17.38 Unrealized +45.5%

GNL GLOBAL NET LEASE INC 0.3%

Value ($000) $1,466 (-6.9%) Shares 170,510 (-12.0%) Est. Cost $8.96 Unrealized —

CTRE CARETRUST REIT INC 1.0%

Value ($000) $4,812 (+2.3%) Shares 133,071 (-1.9%) Est. Cost $17.88 Unrealized —

ATNM ACTINIUM PHARMACEUTICALS INC 0.1%

Value ($000) $274 (-24.2%) Shares 201,807 (-10.8%) Est. Cost $1.27 Unrealized +14.9%

MRK MERCK & CO INC 0.1%

Value ($000) $407 (+20.1%) Shares 3,867 (-4.2%) Est. Cost $83.25 Unrealized +12.0%

SBUX STARBUCKS CORP 0.1%

Value ($000) $463 (-2.9%) Shares 5,502 (-2.4%) Est. Cost $78.28 Unrealized +7.4%

DVN DEVON ENERGY CORP 0.1%

Value ($000) $700 (-1.5%) Shares 19,111 (-5.8%) Est. Cost $27.62 Unrealized +25.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASPN	ASPEN AEROGELS INC	1,133,248 (-35.4%)	$3,207 (-73.7%)	0.7%	$5.75	-10.4%	COM	04523Y105
EXAS	EXACT SCIENCES CORP	167,414 (-6.7%)	$17,003 (+73.2%)	3.5%	$57.41	+39.9%	COM	30063P105
FRSH	FRESHWORKS INC	1,230,011 (-34.1%)	$15,068 (-31.4%)	3.1%	$17.65	-33.0%	CLASS A COM	358054104
AL	AIR LEASE CORP	496,957 (-17.9%)	$31,920 (-17.2%)	6.5%	$31.58	+101.7%	CL A	00912X302
AMRC	AMERESCO INC	832,884 (-3.1%)	$24,395 (-15.5%)	5.0%	$19.47	+80.2%	CL A	02361E108
WGS	GENEDX HOLDINGS CORP	253,534 (-5.8%)	$32,975 (+13.7%)	6.7%	$7.50	+1730.8%	COM CL A	81663L200
SAM	BOSTON BEER INC	6,355 (-70.5%)	$1,240 (-72.7%)	0.3%	$320.33	-35.6%	CL A	100557107
GNRC	GENERAC HLDGS INC	75,593 (-2.5%)	$10,309 (-20.6%)	2.1%	$132.46	+21.8%	COM	368736104
CELC	CELCUITY INC	53,401 (-1.0%)	$5,326 (+99.8%)	1.1%	$10.65	+671.8%	COM	15102K100
DV	DOUBLEVERIFY HLDGS INC	491,664 (-27.7%)	$5,625 (-30.9%)	1.1%	$16.13	-31.6%	COM	25862V105
VERX	VERTEX INC	364,643 (-3.7%)	$7,282 (-22.4%)	1.5%	$31.87	-32.1%	COM	92538J106
ISRG	INTUITIVE SURGICAL INC	31,797 (-26.7%)	$18,009 (-7.1%)	3.7%	$318.69	+67.1%	COM NEW	46120E602
OSUR	OraSure Technologies Inc	1,569,782 (-1.6%)	$3,799 (-25.8%)	0.8%	$3.42	-23.1%	COM	68554V108
PNTG	PENNANT GROUP INC	137,526 (-2.9%)	$3,871 (+8.3%)	0.8%	$23.67	+12.4%	COM	70805E109
SHOP	SHOPIFY INC	3,684 (-31.1%)	$593 (-25.3%)	0.1%	$40.64	+295.0%	CL A SUB VTG SHS	82509L107
MU	MICRON TECHNOLOGY INC	1,077 (-63.3%)	$307 (-37.5%)	0.1%	$65.48	+250.2%	COM	595112103
ENSG	ENSIGN GROUP INC	180,549 (-1.4%)	$31,452 (-0.5%)	6.4%	$34.12	+426.4%	COM	29358P101
T	AT&T INC	33,227 (-2.0%)	$825 (-13.8%)	0.2%	$17.38	+45.5%	COM	00206R102
GNL	GLOBAL NET LEASE INC	170,510 (-12.0%)	$1,466 (-6.9%)	0.3%	$8.96	—	COM NEW	379378201
CTRE	CARETRUST REIT INC	133,071 (-1.9%)	$4,812 (+2.3%)	1.0%	$17.88	—	COM	14174T107
ATNM	ACTINIUM PHARMACEUTICALS INC	201,807 (-10.8%)	$274 (-24.2%)	0.1%	$1.27	+14.9%	COM	00507W206
MRK	MERCK & CO INC	3,867 (-4.2%)	$407 (+20.1%)	0.1%	$83.25	+12.0%	COM	58933Y105
SBUX	STARBUCKS CORP	5,502 (-2.4%)	$463 (-2.9%)	0.1%	$78.28	+7.4%	COM	855244109
DVN	DEVON ENERGY CORP	19,111 (-5.8%)	$700 (-1.5%)	0.1%	$27.62	+25.7%	COM	25179M103

Unchanged Positions (37)

AOSL ALPHA & OMEGA SEMICONDUCTOR LT 0.9%

Value ($000) $4,272 Shares 215,642 Est. Cost $15.65 Unrealized +50.9%

NVGS NAVIGATOR HLDGS LTD 3.0%

Value ($000) $14,927 Shares 861,854 Est. Cost $10.20 Unrealized +63.5%

CAKE CHEESECAKE FACTORY INC 2.3%

Value ($000) $11,438 Shares 226,594 Est. Cost $40.86 Unrealized +22.4%

BLFS BIOLIFE SOLUTIONS INC 2.6%

Value ($000) $12,921 Shares 534,357 Est. Cost $18.67 Unrealized +40.1%

BL BLACKLINE INC 3.1%

Value ($000) $15,448 Shares 279,398 Est. Cost $53.66 Unrealized +2.6%

CNF CNFINANCE HLDGS LTD 0.4%

Value ($000) $1,917 Shares 316,853 Est. Cost $4.19 Unrealized —

KLTR KALTURA INC 1.0%

Value ($000) $4,693 Shares 2,861,365 Est. Cost $1.76 Unrealized -10.1%

EPD ENTERPRISE PRODS PARTNERS L P 3.4%

Value ($000) $16,915 Shares 527,601 Est. Cost $23.57 Unrealized —

EQIX EQUINIX INC 2.7%

Value ($000) $13,134 Shares 17,142 Est. Cost $491.34 Unrealized +59.0%

SLG SL GREEN RLTY CORP 0.2%

Value ($000) $1,185 Shares 25,838 Est. Cost $47.22 Unrealized —

WCPRF WHITECAP RES INC 0.8%

Value ($000) $4,078 Shares 486,122 Est. Cost $6.35 Unrealized +24.9%

TPR TAPESTRY INC 0.6%

Value ($000) $2,740 Shares 21,447 Est. Cost $31.22 Unrealized +265.2%

NTDOY NINTENDO LTD 0.2%

Value ($000) $1,186 Shares 70,323 Est. Cost $12.63 Unrealized —

GNTX GENTEX CORP 0.3%

Value ($000) $1,295 Shares 55,672 Est. Cost $21.47 Unrealized +12.3%

CARG CARGURUS INC 2.1%

Value ($000) $10,386 Shares 270,822 Est. Cost $19.27 Unrealized +87.0%

GOOGL ALPHABET INC 0.2%

Value ($000) $800 Shares 2,556 Est. Cost $109.50 Unrealized +160.8%

GOOG ALPHABET INC 0.1%

Value ($000) $608 Shares 1,939 Est. Cost $209.93 Unrealized +36.4%

VIAV VIAVI SOLUTIONS INC 0.1%

Value ($000) $428 Shares 23,992 Est. Cost $12.07 Unrealized +33.8%

APPS DIGITAL TURBINE INC 0.1%

Value ($000) $409 Shares 81,839 Est. Cost $5.08 Unrealized +11.3%

CESDF CES ENERGY SOLUTIONS CORP 0.1%

Value ($000) $409 Shares 45,700 Est. Cost $1.75 Unrealized +341.1%

CGNX Cognex Corp 0.1%

Value ($000) $352 Shares 9,772 Est. Cost $37.59 Unrealized +7.5%

FLG FLAGSTAR BANK NATIONAL ASSOCIA 0.2%

Value ($000) $943 Shares 74,867 Est. Cost $9.83 Unrealized +21.5%

GDRX GOODRX HLDGS INC 0.0%

Value ($000) $120 Shares 44,118 Est. Cost $7.82 Unrealized -58.0%

ONTO ONTO INNOVATION INC 0.1%

Value ($000) $354 Shares 2,242 Est. Cost $107.03 Unrealized +32.7%

META META PLATFORMS INC 0.1%

Value ($000) $554 Shares 839 Est. Cost $169.12 Unrealized +294.6%

PYPL PAYPAL HLDGS INC 0.1%

Value ($000) $385 Shares 6,596 Est. Cost $84.24 Unrealized -23.0%

SVV SAVERS VALUE VLG INC 0.0%

Value ($000) $129 Shares 13,764 Est. Cost $11.50 Unrealized -10.6%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $864 Shares 7,180 Est. Cost $39.40 Unrealized +193.2%

HIMX HIMAX TECHNOLOGIES INC 0.1%

Value ($000) $442 Shares 53,946 Est. Cost $5.35 Unrealized —

RMBS RAMBUS INC DEL 0.1%

Value ($000) $249 Shares 2,711 Est. Cost $77.09 Unrealized +27.7%

TECH Bio-Techne Corp 0.1%

Value ($000) $565 Shares 9,614 Est. Cost $71.77 Unrealized -15.4%

MSFT MICROSOFT CORP 0.1%

Value ($000) $246 Shares 508 Est. Cost $278.75 Unrealized +79.6%

LTH LIFE TIME GROUP HOLDINGS INC 0.1%

Value ($000) $360 Shares 13,538 Est. Cost $16.59 Unrealized +56.9%

NVDA NVIDIA CORPORATION 0.8%

Value ($000) $3,826 Shares 20,517 Est. Cost $114.39 Unrealized +62.7%

MRVL MARVELL TECHNOLOGY INC 0.1%

Value ($000) $538 Shares 6,327 Est. Cost $50.56 Unrealized +73.0%

RNG RINGCENTRAL INC 0.0%

Value ($000) $235 Shares 8,149 Est. Cost $30.48 Unrealized -6.6%

MCHP MICROCHIP TECHNOLOGY INC. 0.4%

Value ($000) $1,731 Shares 27,162 Est. Cost $51.81 Unrealized +18.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AOSL	ALPHA & OMEGA SEMICONDUCTOR LT	215,642	$4,272	0.9%	$15.65	+50.9%	SHS	G6331P104
NVGS	NAVIGATOR HLDGS LTD	861,854	$14,927	3.0%	$10.20	+63.5%	COM	Y62132108
CAKE	CHEESECAKE FACTORY INC	226,594	$11,438	2.3%	$40.86	+22.4%	COM	163072101
BLFS	BIOLIFE SOLUTIONS INC	534,357	$12,921	2.6%	$18.67	+40.1%	COM NEW	09062W204
BL	BLACKLINE INC	279,398	$15,448	3.1%	$53.66	+2.6%	COM	09239B109
CNF	CNFINANCE HLDGS LTD	316,853	$1,917	0.4%	$4.19	—	SPON ADS	18979T204
KLTR	KALTURA INC	2,861,365	$4,693	1.0%	$1.76	-10.1%	COM	483467106
EPD	ENTERPRISE PRODS PARTNERS L P	527,601	$16,915	3.4%	$23.57	—	COM	293792107
EQIX	EQUINIX INC	17,142	$13,134	2.7%	$491.34	+59.0%	COM	29444U700
SLG	SL GREEN RLTY CORP	25,838	$1,185	0.2%	$47.22	—	COM	78440X887
WCPRF	WHITECAP RES INC	486,122	$4,078	0.8%	$6.35	+24.9%	CL A	96467A200
TPR	TAPESTRY INC	21,447	$2,740	0.6%	$31.22	+265.2%	COM CL A	876030107
NTDOY	NINTENDO LTD	70,323	$1,186	0.2%	$12.63	—	COM	654445303
GNTX	GENTEX CORP	55,672	$1,295	0.3%	$21.47	+12.3%	COM	371901109
CARG	CARGURUS INC	270,822	$10,386	2.1%	$19.27	+87.0%	COM CL A	141788109
GOOGL	ALPHABET INC	2,556	$800	0.2%	$109.50	+160.8%	CAP STK CL A	02079K305
GOOG	ALPHABET INC	1,939	$608	0.1%	$209.93	+36.4%	CAP STK CL C	02079K107
VIAV	VIAVI SOLUTIONS INC	23,992	$428	0.1%	$12.07	+33.8%	COM	925550105
APPS	DIGITAL TURBINE INC	81,839	$409	0.1%	$5.08	+11.3%	COM NEW	25400W102
CESDF	CES ENERGY SOLUTIONS CORP	45,700	$409	0.1%	$1.75	+341.1%	COM	15713J104
CGNX	Cognex Corp	9,772	$352	0.1%	$37.59	+7.5%	COM	192422103
FLG	FLAGSTAR BANK NATIONAL ASSOCIA	74,867	$943	0.2%	$9.83	+21.5%	COM NEW	649445400
GDRX	GOODRX HLDGS INC	44,118	$120	0.0%	$7.82	-58.0%	COM CL A	38246G108
ONTO	ONTO INNOVATION INC	2,242	$354	0.1%	$107.03	+32.7%	COM	683344105
META	META PLATFORMS INC	839	$554	0.1%	$169.12	+294.6%	CL A	30303M102
PYPL	PAYPAL HLDGS INC	6,596	$385	0.1%	$84.24	-23.0%	COM	70450Y103
SVV	SAVERS VALUE VLG INC	13,764	$129	0.0%	$11.50	-10.6%	COM	80517M109
XOM	EXXON MOBIL CORP	7,180	$864	0.2%	$39.40	+193.2%	COM	30231G102
HIMX	HIMAX TECHNOLOGIES INC	53,946	$442	0.1%	$5.35	—	SPONSORED ADR	43289P106
RMBS	RAMBUS INC DEL	2,711	$249	0.1%	$77.09	+27.7%	COM	750917106
TECH	Bio-Techne Corp	9,614	$565	0.1%	$71.77	-15.4%	COM	09073M104
MSFT	MICROSOFT CORP	508	$246	0.1%	$278.75	+79.6%	COM	594918104
LTH	LIFE TIME GROUP HOLDINGS INC	13,538	$360	0.1%	$16.59	+56.9%	COMMON STOCK	53190C102
NVDA	NVIDIA CORPORATION	20,517	$3,826	0.8%	$114.39	+62.7%	COM	67066G104
MRVL	MARVELL TECHNOLOGY INC	6,327	$538	0.1%	$50.56	+73.0%	ORD	573874104
RNG	RINGCENTRAL INC	8,149	$235	0.0%	$30.48	-6.6%	CL A	76680R206
MCHP	MICROCHIP TECHNOLOGY INC.	27,162	$1,731	0.4%	$51.81	+18.4%	COM	595017104