BRIDGER MANAGEMENT, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CX	CEMEX SAB DE CV	620,000	$7,124	4.6%	$11.49	—	SPON ADR NEW	151290889
CHDN	CHURCHILL DOWNS INC	57,179	$6,506	4.2%	$103.46	0.0%	COM	171484108
BIIB	BIOGEN INC	36,065	$6,347	4.1%	$163.37	0.0%	COM	09062X103
BMY	BRISTOL-MYERS SQUIBB CO	115,179	$6,213	4.0%	$47.53	0.0%	COM	110122108
V	VISA INC	17,200	$6,032	3.9%	$340.38	0.0%	COM CL A	92826C839
HQY	HEALTHEQUITY INC	60,484	$5,541	3.6%	$95.73	0.0%	COM	42226A107
RXST	RXSIGHT INC	160,700	$1,674	1.1%	$10.03	0.0%	COM	78349D107

Increased Positions (3)

DXCM DEXCOM INC 4.3%

Value ($000) $6,763 (+139.3%) Shares 101,893 (+142.6%) Est. Cost $70.62 Unrealized -8.5%

ALC ALCON AG 5.5%

Value ($000) $8,527 (+59.8%) Shares 108,200 (+51.0%) Est. Cost $81.27 Unrealized -5.3%

NKE NIKE INC 7.4%

Value ($000) $11,453 (+3.5%) Shares 179,765 (+13.3%) Est. Cost $62.99 Unrealized +3.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DXCM	DEXCOM INC	101,893 (+142.6%)	$6,763 (+139.3%)	4.3%	$70.62	-8.5%	COM	252131107
ALC	ALCON AG	108,200 (+51.0%)	$8,527 (+59.8%)	5.5%	$81.27	-5.3%	ORD SHS	H01301128
NKE	NIKE INC	179,765 (+13.3%)	$11,453 (+3.5%)	7.4%	$62.99	+3.0%	CL B	654106103

Exited Positions (11)

C CITIGROUP INC 5.8%

Value ($000) $9,028 Shares 88,950 Est. Cost $71.20 Unrealized +45.6%

BBWI BATH & BODY WORKS INC 5.0%

Value ($000) $7,744 Shares 300,619 Est. Cost $33.78 Unrealized -35.7%

VRTX VERTEX PHARMACEUTICALS INC 4.7%

Value ($000) $7,354 Shares 18,778 Est. Cost $340.72 Unrealized +26.5%

MASI MASIMO CORP 4.5%

Value ($000) $7,059 Shares 47,841 Est. Cost $166.95 Unrealized -14.2%

CZR CAESARS ENTERTAINMENT INC NE 4.3%

Value ($000) $6,698 Shares 247,851 Est. Cost $38.98 Unrealized -42.3%

GLD SPDR GOLD TR 3.9%

Value ($000) $6,043 Shares 17,000 Est. Cost $355.47 Unrealized —

NVO NOVO-NORDISK A S 3.7%

Value ($000) $5,715 Shares 103,000 Est. Cost $69.44 Unrealized —

UNH UNITEDHEALTH GROUP INC 3.7%

Value ($000) $5,680 Shares 16,450 Est. Cost $298.94 Unrealized +12.8%

MA MASTERCARD INCORPORATED 3.4%

Value ($000) $5,296 Shares 9,310 Est. Cost $541.98 Unrealized +3.1%

OSCR OSCAR HEALTH INC 3.0%

Value ($000) $4,700 Shares 248,280 Est. Cost $16.48 Unrealized +5.0%

GDX VANECK ETF TRUST 1.9%

Value ($000) $2,888 Shares 37,800 Est. Cost $76.40 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
C	CITIGROUP INC	88,950	$9,028	5.8%	$71.20	+45.6%	—	172967424
BBWI	BATH & BODY WORKS INC	300,619	$7,744	5.0%	$33.78	-35.7%	—	070830104
VRTX	VERTEX PHARMACEUTICALS INC	18,778	$7,354	4.7%	$340.72	+26.5%	—	92532F100
MASI	MASIMO CORP	47,841	$7,059	4.5%	$166.95	-14.2%	—	574795100
CZR	CAESARS ENTERTAINMENT INC NE	247,851	$6,698	4.3%	$38.98	-42.3%	—	12769G100
GLD	SPDR GOLD TR	17,000	$6,043	3.9%	$355.47	—	—	78463V107
NVO	NOVO-NORDISK A S	103,000	$5,715	3.7%	$69.44	—	—	670100205
UNH	UNITEDHEALTH GROUP INC	16,450	$5,680	3.7%	$298.94	+12.8%	—	91324P102
MA	MASTERCARD INCORPORATED	9,310	$5,296	3.4%	$541.98	+3.1%	—	57636Q104
OSCR	OSCAR HEALTH INC	248,280	$4,700	3.0%	$16.48	+5.0%	—	687793109
GDX	VANECK ETF TRUST	37,800	$2,888	1.9%	$76.40	—	—	92189F106

Decreased Positions (4)

UBER UBER TECHNOLOGIES INC 4.4%

Value ($000) $6,785 (-30.1%) Shares 83,036 (-16.1%) Est. Cost $34.18 Unrealized +163.4%

IBIT ISHARES BITCOIN TRUST ETF 2.7%

Value ($000) $4,127 (-38.7%) Shares 83,119 (-19.8%) Est. Cost $41.84 Unrealized —

TEVA TEVA PHARMACEUTICAL INDS LTD 7.4%

Value ($000) $11,473 (-18.3%) Shares 367,600 (-47.1%) Est. Cost $28.21 Unrealized —

MS MORGAN STANLEY 15.6%

Value ($000) $24,267 (-0.7%) Shares 136,693 (-11.1%) Est. Cost $36.15 Unrealized +360.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	83,036 (-16.1%)	$6,785 (-30.1%)	4.4%	$34.18	+163.4%	COM	90353T100
IBIT	ISHARES BITCOIN TRUST ETF	83,119 (-19.8%)	$4,127 (-38.7%)	2.7%	$41.84	—	SHS BEN INT	46438F101
TEVA	TEVA PHARMACEUTICAL INDS LTD	367,600 (-47.1%)	$11,473 (-18.3%)	7.4%	$28.21	—	SPONSORED ADS	881624209
MS	MORGAN STANLEY	136,693 (-11.1%)	$24,267 (-0.7%)	15.6%	$36.15	+360.5%	COM NEW	617446448

Unchanged Positions (10)

FLUT FLUTTER ENTMT PLC 3.4%

Value ($000) $5,265 Shares 24,484 Est. Cost $259.01 Unrealized -13.2%

MLCO MELCO RESORTS AND ENTMNT LTD 2.5%

Value ($000) $3,959 Shares 522,966 Est. Cost $6.32 Unrealized —

AMZN AMAZON COM INC 9.8%

Value ($000) $15,297 Shares 66,271 Est. Cost $213.42 Unrealized +7.2%

AORT ARTIVION INC 3.9%

Value ($000) $6,047 Shares 132,588 Est. Cost $27.41 Unrealized +62.5%

MSFT MICROSOFT CORP 3.8%

Value ($000) $5,949 Shares 12,300 Est. Cost $407.97 Unrealized +22.7%

MSGS MADISON SQUARE GRDN SPRT COR 2.2%

Value ($000) $3,381 Shares 13,072 Est. Cost $192.61 Unrealized +18.2%

CMPS COMPASS PATHWAYS PLC 0.7%

Value ($000) $1,016 Shares 147,209 Est. Cost $2.80 Unrealized —

NEXT NEXTDECADE CORP 0.2%

Value ($000) $358 Shares 67,837 Est. Cost $4.66 Unrealized +28.1%

TOST TOAST INC 0.9%

Value ($000) $1,434 Shares 40,392 Est. Cost $17.34 Unrealized +107.9%

SRZNW SURROZEN INC 0.0%

Value ($000) $9 Shares 442,052 Est. Cost $0.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FLUT	FLUTTER ENTMT PLC	24,484	$5,265	3.4%	$259.01	-13.2%	SHS	G3643J108
MLCO	MELCO RESORTS AND ENTMNT LTD	522,966	$3,959	2.5%	$6.32	—	ADR	585464100
AMZN	AMAZON COM INC	66,271	$15,297	9.8%	$213.42	+7.2%	COM	023135106
AORT	ARTIVION INC	132,588	$6,047	3.9%	$27.41	+62.5%	COM	228903100
MSFT	MICROSOFT CORP	12,300	$5,949	3.8%	$407.97	+22.7%	COM	594918104
MSGS	MADISON SQUARE GRDN SPRT COR	13,072	$3,381	2.2%	$192.61	+18.2%	CL A	55825T103
CMPS	COMPASS PATHWAYS PLC	147,209	$1,016	0.7%	$2.80	—	SPONSORED ADS	20451W101
NEXT	NEXTDECADE CORP	67,837	$358	0.2%	$4.66	+28.1%	COM	65342K105
TOST	TOAST INC	40,392	$1,434	0.9%	$17.34	+107.9%	CL A	888787108
SRZNW	SURROZEN INC	442,052	$9	0.0%	$0.76	—	*W EXP 08/01/203	86889P117