Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
APH	AMPHENOL CORP	710,204	$125M	2.1%	$176.32	—	CL A	032095101
KEYS	KEYSIGHT TECHNOLOGIES INC	265,207	$92.84M	1.6%	$350.07	—	COM	49338L103
DELL	DELL TECHNOLOGIES INC	211,754	$91.36M	1.6%	$431.46	—	CL C	24703L202
ATI	ATI INC	441,048	$86.93M	1.5%	$197.10	—	COM	01741R102
COHR	COHERENT CORP	179,782	$70.92M	1.2%	$394.47	—	COM	19247G107
NTAP	NETAPP INC	262,656	$40.65M	0.7%	$154.76	—	COM	64110D104
AMD	ADVANCED MICRO DEVICES INC	1,263	$734K	0.0%	$580.91	—	COM	007903107
ALAB	ASTERA LABS INC	1,229	$594K	0.0%	$483.02	—	COM	04626A103
DDOG	DATADOG INC	2,086	$543K	0.0%	$260.36	—	CL A COM	23804L103
CRDO	CREDO TECHNOLOGY GROUP HOLDI	1,576	$429K	0.0%	$271.95	—	ORDINARY SHARES	G25457105
LITE	LUMENTUM HLDGS INC	470	$403K	0.0%	$858.06	—	COM	55024U109
MDB	MONGODB INC	1,002	$337K	0.0%	$335.90	—	CL A	60937P106
COHU	COHU INC	4,466	$330K	0.0%	$73.91	—	COM	192576106
MTSI	MACOM TECH SOLUTIONS HLDGS I	807	$307K	0.0%	$380.37	—	COM	55405Y100
FORM	FORMFACTOR INC	1,907	$305K	0.0%	$159.93	—	COM	346375108
BWXT	BWX TECHNOLOGIES INC	1,506	$293K	0.0%	$194.65	—	COM	05605H100
PANW	PALO ALTO NETWORKS INC	831	$283K	0.0%	$341.02	—	COM	697435105
SNPS	SYNOPSYS INC	615	$274K	0.0%	$446.07	—	COM	871607107
SNOW	SNOWFLAKE INC	1,056	$269K	0.0%	$254.50	—	COM SHS	833445109
BLLN	BILLIONTOONE INC	2,229	$267K	0.0%	$119.98	—	CL A	090168105
CRWD	CROWDSTRIKE HLDGS INC	339	$259K	0.0%	$763.14	—	CL A	22788C105
GWRE	GUIDEWIRE SOFTWARE INC	1,882	$232K	0.0%	$123.05	—	COM	40171V100
QCOM	QUALCOMM INC	1,227	$227K	0.0%	$184.79	—	COM	747525103
FIGR	FIGURE TECHNOLOGY SOLUTIO	7,131	$219K	0.0%	$30.71	—	COM CL A	349381103
SAIL	SAILPOINT INC	14,425	$211K	0.0%	$14.64	—	COM	78781J109
ISRG	INTUITIVE SURGICAL INC	531	$211K	0.0%	$397.68	—	COM NEW	46120E602
FTNT	FORTINET INC	1,374	$211K	0.0%	$153.62	—	COM	34959E109
AAOI	APPLIED OPTOELECTRONICS INC	1,415	$210K	0.0%	$148.16	—	COM	03823U102
AVAV	AEROVIRONMENT INC	1,264	$209K	0.0%	$165.07	—	COM	008073108
KVYO	KLAVIYO INC	13,813	$209K	0.0%	$15.10	—	COM SER A	49845K101
IOT	SAMSARA INC	6,298	$204K	0.0%	$32.43	—	COM CL A	79589L106
JOBY	JOBY AVIATION INC	11,110	$99,101	0.0%	$8.92	—	COMMON STOCK	G65163100

Increased Positions (14)

PSTG EVERPURE INC 2.3%

Value $134M (+92.6%) Shares 1,695,275 (+44.3%) Est. Cost $73.37 Unrealized —

TER TERADYNE INC 1.6%

Value $95.3M (+203.7%) Shares 196,967 (+86.1%) Est. Cost $366.71 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.3%

Value $75.66M (+429.7%) Shares 158,437 (+274.9%) Est. Cost $390.09 Unrealized —

ENTG ENTEGRIS INC 1.5%

Value $86.84M (+108.3%) Shares 482,799 (+35.8%) Est. Cost $134.56 Unrealized —

META META PLATFORMS INC 5.3%

Value $309M (+7.8%) Shares 548,698 (+9.5%) Est. Cost $474.23 Unrealized —

NOW SERVICENOW INC 1.0%

Value $59.44M (+19.7%) Shares 598,708 (+26.0%) Est. Cost $145.31 Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 1.3%

Value $75.04M (+7.2%) Shares 163,443 (+13.2%) Est. Cost $495.57 Unrealized —

ASML ASML HLDG NV 0.2%

Value $8.851M (+104.2%) Shares 4,449 (+35.6%) Est. Cost $1251.77 Unrealized —

BKNG BOOKING HOLDINGS INC 1.6%

Value $93.26M (-2.8%) Shares 523,243 (+2195.2%) Est. Cost $389.51 Unrealized —

MRVL MARVELL TECHNOLOGY INC 0.0%

Value $876K (+282.4%) Shares 2,941 (+27.2%) Est. Cost $127.37 Unrealized —

GOOG ALPHABET INC 0.0%

Value $540K (+162.7%) Shares 1,529 (+113.2%) Est. Cost $321.91 Unrealized —

HEI HEICO CORP NEW 0.0%

Value $411K (+85.9%) Shares 1,155 (+43.1%) Est. Cost $328.92 Unrealized —

SHOP SHOPIFY INC 0.0%

Value $470K (+19.5%) Shares 4,112 (+24.1%) Est. Cost $138.30 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value $521K (+3.9%) Shares 4,462 (+30.3%) Est. Cost $159.92 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PSTG	EVERPURE INC	1,695,275 (+44.3%)	$134M (+92.6%)	2.3%	$73.37	—	CL A	74624M102
TER	TERADYNE INC	196,967 (+86.1%)	$95.3M (+203.7%)	1.6%	$366.71	—	COM	880770102
TSM	TAIWAN SEMICONDUCTOR MANUFAC	158,437 (+274.9%)	$75.66M (+429.7%)	1.3%	$390.09	—	SPONSORED ADS	874039100
ENTG	ENTEGRIS INC	482,799 (+35.8%)	$86.84M (+108.3%)	1.5%	$134.56	—	COM	29362U104
META	META PLATFORMS INC	548,698 (+9.5%)	$309M (+7.8%)	5.3%	$474.23	—	CL A	30303M102
NOW	SERVICENOW INC	598,708 (+26.0%)	$59.44M (+19.7%)	1.0%	$145.31	—	COM	81762P102
SPOT	SPOTIFY TECHNOLOGY S A	163,443 (+13.2%)	$75.04M (+7.2%)	1.3%	$495.57	—	SHS	L8681T102
ASML	ASML HLDG NV	4,449 (+35.6%)	$8.851M (+104.2%)	0.2%	$1251.77	—	N Y REGISTRY SHS	N07059210
BKNG	BOOKING HOLDINGS INC	523,243 (+2195.2%)	$93.26M (-2.8%)	1.6%	$389.51	—	COM	09857L108
MRVL	MARVELL TECHNOLOGY INC	2,941 (+27.2%)	$876K (+282.4%)	0.0%	$127.37	—	COM	573874104
GOOG	ALPHABET INC	1,529 (+113.2%)	$540K (+162.7%)	0.0%	$321.91	—	CAP STK CL C	02079K107
HEI	HEICO CORP NEW	1,155 (+43.1%)	$411K (+85.9%)	0.0%	$328.92	—	COM	422806109
SHOP	SHOPIFY INC	4,112 (+24.1%)	$470K (+19.5%)	0.0%	$138.30	—	CL A SUB VTG SHS	82509L107
PLTR	PALANTIR TECHNOLOGIES INC	4,462 (+30.3%)	$521K (+3.9%)	0.0%	$159.92	—	CL A	69608A108

Exited Positions (6)

INTU INTUIT 2.3%

Value $134M Shares 309,394 Est. Cost $405.91 Unrealized —

FICO FAIR ISAAC CORP 0.4%

Value $23.91M Shares 22,396 Est. Cost $1466.95 Unrealized —

MELI MERCADOLIBRE INC 0.1%

Value $4.725M Shares 2,733 Est. Cost $2086.36 Unrealized —

GRAB GRAB HOLDINGS LIMITED 0.0%

Value $2.676M Shares 731,172 Est. Cost $5.30 Unrealized —

S SENTINELONE INC 0.0%

Value $139K Shares 10,828 Est. Cost $16.26 Unrealized —

AVPT AVEPOINT INC 0.0%

Value $110K Shares 11,614 Est. Cost $11.84 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INTU	INTUIT	309,394	$134M	2.3%	$405.91	—	—	461202103
FICO	FAIR ISAAC CORP	22,396	$23.91M	0.4%	$1466.95	—	—	303250104
MELI	MERCADOLIBRE INC	2,733	$4.725M	0.1%	$2086.36	—	—	58733R102
GRAB	GRAB HOLDINGS LIMITED	731,172	$2.676M	0.0%	$5.30	—	—	G4124C109
S	SENTINELONE INC	10,828	$139K	0.0%	$16.26	—	—	81730H109
AVPT	AVEPOINT INC	11,614	$110K	0.0%	$11.84	—	—	053604104

Decreased Positions (23)

MSFT MICROSOFT CORP 5.4%

Value $316M (-44.6%) Shares 847,829 (-45.0%) Est. Cost $148.53 Unrealized —

V VISA INC 0.1%

Value $4.696M (-96.6%) Shares 13,688 (-97.0%) Est. Cost $112.35 Unrealized —

ANET ARISTA NETWORKS INC 7.7%

Value $447M (+35.6%) Shares 2,632,116 (-2.0%) Est. Cost $102.72 Unrealized —

AMZN AMAZON COM INC 5.4%

Value $316M (-22.5%) Shares 1,324,786 (-32.3%) Est. Cost $121.84 Unrealized —

MA MASTERCARD INCORPORATED 0.3%

Value $17.58M (-83.3%) Shares 34,237 (-83.8%) Est. Cost $370.50 Unrealized —

NFLX NETFLIX INC. 1.5%

Value $88.49M (-33.5%) Shares 1,239,364 (-10.5%) Est. Cost $106.83 Unrealized —

UBER UBER TECHNOLOGIES INC 1.9%

Value $113M (-27.0%) Shares 1,564,094 (-27.3%) Est. Cost $74.64 Unrealized —

GOOGL ALPHABET INC 9.4%

Value $546M (+7.8%) Shares 1,528,522 (-13.2%) Est. Cost $130.37 Unrealized —

ADSK AUTODESK INC 1.1%

Value $64.26M (-37.9%) Shares 330,503 (-23.6%) Est. Cost $217.35 Unrealized —

AVGO BROADCOM INC 9.2%

Value $534M (+6.9%) Shares 1,414,647 (-12.4%) Est. Cost $258.11 Unrealized —

NVDA NVIDIA CORPORATION 16.1%

Value $941M (+3.6%) Shares 4,702,822 (-9.7%) Est. Cost $91.89 Unrealized —

DXCM DEXCOM INC 1.6%

Value $91.54M (-24.2%) Shares 1,359,135 (-29.4%) Est. Cost $79.23 Unrealized —

RDDT REDDIT INC 2.5%

Value $143M (+25.4%) Shares 825,061 (-2.7%) Est. Cost $203.45 Unrealized —

GEV GE VERNOVA INC 3.9%

Value $226M (+9.6%) Shares 191,962 (-18.6%) Est. Cost $354.89 Unrealized —

CDNS CADENCE DESIGN SYSTEM INC 1.6%

Value $93.87M (+24.3%) Shares 250,103 (-8.0%) Est. Cost $281.64 Unrealized —

GE GE AEROSPACE 2.1%

Value $125M (+16.8%) Shares 333,572 (-11.3%) Est. Cost $183.14 Unrealized —

BSX BOSTON SCIENTIFIC CORP 0.4%

Value $21.85M (-38.3%) Shares 511,968 (-9.3%) Est. Cost $85.95 Unrealized —

ORCL ORACLE CORP 1.8%

Value $105M (-8.3%) Shares 715,341 (-7.9%) Est. Cost $221.80 Unrealized —

IWF ISHARES TR 0.0%

Value $389K (-92.9%) Shares 3,131 (-75.7%) Est. Cost $472.61 Unrealized —

HWM HOWMET AEROSPACE INC 3.0%

Value $174M (-2.0%) Shares 646,621 (-16.0%) Est. Cost $108.75 Unrealized —

SYK STRYKER CORPORATION 0.1%

Value $8.042M (-15.4%) Shares 25,544 (-11.7%) Est. Cost $374.17 Unrealized —

INTC INTEL CORP 0.0%

Value $689K (+172.6%) Shares 4,931 (-13.9%) Est. Cost $37.76 Unrealized —

ARM ARM HOLDINGS PLC 0.0%

Value $688K (+66.6%) Shares 1,940 (-28.9%) Est. Cost $111.37 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	847,829 (-45.0%)	$316M (-44.6%)	5.4%	$148.53	—	COM	594918104
V	VISA INC	13,688 (-97.0%)	$4.696M (-96.6%)	0.1%	$112.35	—	COM CL A	92826C839
ANET	ARISTA NETWORKS INC	2,632,116 (-2.0%)	$447M (+35.6%)	7.7%	$102.72	—	COM SHS	040413205
AMZN	AMAZON COM INC	1,324,786 (-32.3%)	$316M (-22.5%)	5.4%	$121.84	—	COM	023135106
MA	MASTERCARD INCORPORATED	34,237 (-83.8%)	$17.58M (-83.3%)	0.3%	$370.50	—	CL A	57636Q104
NFLX	NETFLIX INC.	1,239,364 (-10.5%)	$88.49M (-33.5%)	1.5%	$106.83	—	COM	64110L106
UBER	UBER TECHNOLOGIES INC	1,564,094 (-27.3%)	$113M (-27.0%)	1.9%	$74.64	—	COM	90353T100
GOOGL	ALPHABET INC	1,528,522 (-13.2%)	$546M (+7.8%)	9.4%	$130.37	—	CAP STK CL A	02079K305
ADSK	AUTODESK INC	330,503 (-23.6%)	$64.26M (-37.9%)	1.1%	$217.35	—	COM	052769106
AVGO	BROADCOM INC	1,414,647 (-12.4%)	$534M (+6.9%)	9.2%	$258.11	—	COM	11135F101
NVDA	NVIDIA CORPORATION	4,702,822 (-9.7%)	$941M (+3.6%)	16.1%	$91.89	—	COM	67066G104
DXCM	DEXCOM INC	1,359,135 (-29.4%)	$91.54M (-24.2%)	1.6%	$79.23	—	COM	252131107
RDDT	REDDIT INC	825,061 (-2.7%)	$143M (+25.4%)	2.5%	$203.45	—	CL A	75734B100
GEV	GE VERNOVA INC	191,962 (-18.6%)	$226M (+9.6%)	3.9%	$354.89	—	COM	36828A101
CDNS	CADENCE DESIGN SYSTEM INC	250,103 (-8.0%)	$93.87M (+24.3%)	1.6%	$281.64	—	COM	127387108
GE	GE AEROSPACE	333,572 (-11.3%)	$125M (+16.8%)	2.1%	$183.14	—	COM NEW	369604301
BSX	BOSTON SCIENTIFIC CORP	511,968 (-9.3%)	$21.85M (-38.3%)	0.4%	$85.95	—	COM	101137107
ORCL	ORACLE CORP	715,341 (-7.9%)	$105M (-8.3%)	1.8%	$221.80	—	COM	68389X105
IWF	ISHARES TR	3,131 (-75.7%)	$389K (-92.9%)	0.0%	$472.61	—	RUS 1000 GRW ETF	464287614
HWM	HOWMET AEROSPACE INC	646,621 (-16.0%)	$174M (-2.0%)	3.0%	$108.75	—	COM	443201108
SYK	STRYKER CORPORATION	25,544 (-11.7%)	$8.042M (-15.4%)	0.1%	$374.17	—	COM	863667101
INTC	INTEL CORP	4,931 (-13.9%)	$689K (+172.6%)	0.0%	$37.76	—	COM	458140100
ARM	ARM HOLDINGS PLC	1,940 (-28.9%)	$688K (+66.6%)	0.0%	$111.37	—	SPONSORED ADS	042068205

Unchanged Positions (1)

TSEM TOWER SEMICONDUCTOR LTD 0.1%

Value $4.964M Shares 19,046 Est. Cost $128.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSEM	TOWER SEMICONDUCTOR LTD	19,046	$4.964M	0.1%	$128.86	—	SHS NEW	M87915274