Ionic Capital Management LLC Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	50,000	$30,716	3.9%	—	—	PUT	46090E103
QQQ	INVESCO QQQ TR	50,000	$30,716	3.9%	—	—	CALL	46090E103
—	ARRAY TECHNOLOGIES INC	3,500,000	$3,172	0.4%	$0.91	—	NOTE 1.000%12/0	04271TAB6
—	VARONIS SYS INC	3,000,000	$2,793	0.4%	$0.93	—	NOTE 1.000% 9/1	922280AD4
CRM	SALESFORCE INC	10,000	$2,649	0.3%	—	—	CALL	79466L302
XOM	EXXON MOBIL CORP	17,000	$2,046	0.3%	—	—	CALL	30231G102
XOM	EXXON MOBIL CORP	17,000	$2,046	0.3%	—	—	PUT	30231G102
—	INVESCO SR INCOME TR	608,000	$1,988	0.3%	$3.27	—	COM	46131H107
—	MARA HOLDINGS INC	2,000,000	$1,677	0.2%	$0.84	—	NOTE 6/0	565788AH9
CFLT	CONFLUENT INC	55,000	$1,663	0.2%	$24.55	0.0%	CLASS A COM	20717M103
MSFT	MICROSOFT CORP	3,100	$1,499	0.2%	$500.58	0.0%	COM	594918104
SOLS	SOLSTICE ADVANCED MATLS INC	24,500	$1,190	0.2%	$47.08	0.0%	COM SHS	83443Q103
GME	GAMESTOP CORP NEW	56,900	$1,143	0.1%	—	—	CALL	36467W109
CHAC	CRANE HBR ACQUISITION CORP	100,000	$1,077	0.1%	$11.14	0.0%	CL A	G24979109
WBD	WARNER BROS DISCOVERY INC	35,000	$1,009	0.1%	$23.37	0.0%	COM SER A	934423104
MARA	MARA HOLDINGS INC	100,000	$898	0.1%	—	—	CALL	565788106
—	LIBERTY ALL STAR EQUITY FD	125,000	$785	0.1%	$6.28	—	SH BEN INT	530158104
GLXY	GALAXY DIGITAL INC.	35,000	$783	0.1%	$30.98	0.0%	CALL	36317J209
GIG	GIGCAPITAL7 CORP	70,000	$738	0.1%	$10.66	0.0%	ORD SHS CL A	G38648104
DBRG	DIGITALBRIDGE GROUP INC	44,500	$683	0.1%	$12.01	0.0%	CL A NEW	25401T603
AEM	AGNICO EAGLE MINES LTD	4,000	$678	0.1%	$167.85	0.0%	COM	008474108
IQ	IQIYI INC	350,000	$672	0.1%	$1.92	—	CALL	46267X108
—	NUVEEN S&P 500 BUY-WRITE INC	42,861	$630	0.1%	$14.70	—	COM	6706ER101
—	BLACKROCK CORPOR HI YLD FD I	65,000	$579	0.1%	$8.90	—	COM	09255P107
KGC	KINROSS GOLD CORP	20,000	$563	0.1%	$25.98	0.0%	PUT	496902404
AVY	AVERY DENNISON CORP	3,000	$546	0.1%	$172.31	0.0%	COM	053611109
—	VIRTUS DIVIDEND INTEREST & P	40,000	$516	0.1%	$12.89	—	COM	92840R101
UNF	UNIFIRST CORP MASS	2,500	$482	0.1%	$168.52	0.0%	COM	904708104
SCHL	SCHOLASTIC CORP	15,000	$444	0.1%	$28.45	0.0%	COM	807066105
IQ	IQIYI INC	231,424	$444	0.1%	$1.92	—	SPONSORED ADS	46267X108
WOLF	WOLFSPEED INC	25,519	$444	0.1%	$22.94	0.0%	COMMON STOCK	97785W106
UNH	UNITEDHEALTH GROUP INC	1,268	$419	0.1%	$337.21	0.0%	COM	91324P102
KGC	KINROSS GOLD CORP	14,500	$408	0.1%	$25.98	0.0%	COM	496902404
CEPT	CANTOR EQUITY PARTNERS II IN	35,000	$394	0.1%	$11.28	0.0%	CL A ORD SHS	G1827P106
CORZ	CORE SCIENTIFIC INC NEW	25,000	$364	0.0%	$17.44	0.0%	COM	21874A106
BLDR	BUILDERS FIRSTSOURCE INC	3,500	$360	0.0%	$115.39	-2.6%	CALL	12008R107
STUB	STUBHUB HLDGS INC	25,000	$338	0.0%	—	—	CALL	86384P109
XZO	EXZEO GROUP INC	13,519	$328	0.0%	$19.02	0.0%	COM SHS	30234F101
SSTK	SHUTTERSTOCK INC	15,381	$294	0.0%	$21.37	0.0%	COM	825690100
BBAI	BIGBEAR AI HLDGS INC	54,000	$292	0.0%	$6.53	0.0%	COM	08975B109
BE	BLOOM ENERGY CORP	2,987	$260	0.0%	$105.07	0.0%	COM CL A	093712107
GETY	GETTY IMAGES HOLDINGS INC	185,000	$248	0.0%	$1.72	0.0%	CL A COM	374275105
USO	UNITED STS OIL FD LP	3,528	$244	0.0%	$69.16	—	UNITS	91232N207
CRCL	CIRCLE INTERNET GROUP INC	2,928	$232	0.0%	$103.35	0.0%	COM CL A	172573107
—	WESTERN ASSET HIGH YIELD OPP	19,113	$213	0.0%	$11.16	—	COM	95768B107
XXI	TWENTY ONE CAP INC	20,000	$175	0.0%	—	—	CALL	90138L109
KDKRW	KODIAK AI INC.	101,015	$155	0.0%	$1.53	—	*W EXP 09/25/203	500081112
FCX	FREEPORT-MCMORAN INC	2,500	$127	0.0%	$43.31	0.0%	CL B	35671D857
BBBY/WS	BED BATH & BEYOND INC	145,121	$96	0.0%	$0.66	—	*W EXP 10/07/202	075896159
OPENW	OPENDOOR TECHNOLOGIES INC	55,874	$50	0.0%	$0.90	—	*W EXP 11/20/202	683712129
CRMLW	CRITICAL METALS CORP	15,022	$41	0.0%	$2.73	—	*W EXP 02/27/202	G2662B111
OPENL	OPENDOOR TECHNOLOGIES INC	60,600	$32	0.0%	$0.52	—	*W EXP 11/20/202	683712137
OPENZ	OPENDOOR TECHNOLOGIES INC	72,936	$29	0.0%	$0.40	—	*W EXP 11/20/202	683712145
NUAIW	NEW ERA ENERGY & DIGITAL INC	31,068	$25	0.0%	$0.82	—	*W EXP 12/06/202	64428N117
ABVEW	ABOVE FOOD INGREDIENTS INC	67,755	$24	0.0%	$0.35	—	*W EXP 06/28/202	00373V118
GLXY	GALAXY DIGITAL INC.	500	$11	0.0%	$30.98	0.0%	CL A	36317J209
GIGGW	GIGCAPITAL7 CORP	24,038	$10	0.0%	$0.41	—	*W EXP 08/29/202	G38648120
BTMWW	BITCOIN DEPOT INC	65,132	$7	0.0%	$0.11	—	*W EXP 06/30/202	09174P113
VWAV	VISIONWAVE HOLDINGS INC	100	$1	0.0%	$10.42	0.0%	COM	927950105

Increased Positions (16)

IWM ISHARES TR 9.4%

Value ($000) $73,848 (+52.6%) Shares 300,000 (+50.0%) Est. Cost — Unrealized —

IWM ISHARES TR 9.4%

Value ($000) $73,848 (+52.6%) Shares 300,000 (+50.0%) Est. Cost — Unrealized —

PL PLANET LABS PBC 0.4%

Value ($000) $2,997 (+126.4%) Shares 152,000 (+49.0%) Est. Cost — Unrealized —

GTM ZOOMINFO TECHNOLOGIES INC 0.2%

Value ($000) $1,429 (+518.0%) Shares 140,504 (+562.9%) Est. Cost $10.36 Unrealized -0.6%

AIOT POWERFLEET INC 0.4%

Value ($000) $2,766 (+48.7%) Shares 519,977 (+46.5%) Est. Cost $5.17 Unrealized -1.0%

SOXX ISHARES TR 0.2%

Value ($000) $1,269 (+47.0%) Shares 4,215 (+32.3%) Est. Cost $278.46 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.1%

Value ($000) $1,060 (+58.2%) Shares 4,948 (+19.5%) Est. Cost $164.76 Unrealized +36.3%

RH RH 0.3%

Value ($000) $2,490 (+14.6%) Shares 13,900 (+29.9%) Est. Cost $233.13 Unrealized -26.6%

VWAVW VISIONWAVE HOLDINGS INC 0.0%

Value ($000) $260 (+421.7%) Shares 221,898 (+83.4%) Est. Cost $0.76 Unrealized —

AAPL APPLE INC 0.1%

Value ($000) $1,051 (+16.3%) Shares 3,866 (+9.0%) Est. Cost $229.10 Unrealized +17.1%

PRMB PRIMO BRANDS CORPORATION 0.3%

Value ($000) $2,411 (+6.5%) Shares 147,438 (+43.9%) Est. Cost $24.78 Unrealized -25.4%

MANU MANCHESTER UTD PLC NEW 0.1%

Value ($000) $627 (+21.1%) Shares 39,380 (+15.2%) Est. Cost $14.81 Unrealized +9.0%

IQ IQIYI INC 0.1%

Value ($000) $698 (-10.5%) Shares 363,500 (+19.3%) Est. Cost $1.92 Unrealized —

— WESTERN AST INFL LKD OPP & I 0.2%

Value ($000) $1,464 (+5.4%) Shares 170,464 (+9.1%) Est. Cost $8.66 Unrealized —

ACHR/WS ARCHER AVIATION INC 0.0%

Value ($000) $93 (+144.9%) Shares 81,329 (+368.5%) Est. Cost $1.37 Unrealized —

BGLWW BLUE GOLD LTD 0.0%

Value ($000) $57 (+352.9%) Shares 134,194 (+392.1%) Est. Cost $0.43 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	300,000 (+50.0%)	$73,848 (+52.6%)	9.4%	—	—	PUT	464287655
IWM	ISHARES TR	300,000 (+50.0%)	$73,848 (+52.6%)	9.4%	—	—	CALL	464287655
PL	PLANET LABS PBC	152,000 (+49.0%)	$2,997 (+126.4%)	0.4%	—	—	PUT	72703X106
GTM	ZOOMINFO TECHNOLOGIES INC	140,504 (+562.9%)	$1,429 (+518.0%)	0.2%	$10.36	-0.6%	COMMON STOCK	98980F104
AIOT	POWERFLEET INC	519,977 (+46.5%)	$2,766 (+48.7%)	0.4%	$5.17	-1.0%	COM	73931J109
SOXX	ISHARES TR	4,215 (+32.3%)	$1,269 (+47.0%)	0.2%	$278.46	—	ISHARES SEMICDTR	464287523
AMD	ADVANCED MICRO DEVICES INC	4,948 (+19.5%)	$1,060 (+58.2%)	0.1%	$164.76	+36.3%	COM	007903107
RH	RH	13,900 (+29.9%)	$2,490 (+14.6%)	0.3%	$233.13	-26.6%	COM	74967X103
VWAVW	VISIONWAVE HOLDINGS INC	221,898 (+83.4%)	$260 (+421.7%)	0.0%	$0.76	—	*W EXP 07/14/203	927950113
AAPL	APPLE INC	3,866 (+9.0%)	$1,051 (+16.3%)	0.1%	$229.10	+17.1%	COM	037833100
PRMB	PRIMO BRANDS CORPORATION	147,438 (+43.9%)	$2,411 (+6.5%)	0.3%	$24.78	-25.4%	CLASS A COM SHS	741623102
MANU	MANCHESTER UTD PLC NEW	39,380 (+15.2%)	$627 (+21.1%)	0.1%	$14.81	+9.0%	ORD CL A	G5784H106
IQ	IQIYI INC	363,500 (+19.3%)	$698 (-10.5%)	0.1%	$1.92	—	PUT	46267X108
—	WESTERN AST INFL LKD OPP & I	170,464 (+9.1%)	$1,464 (+5.4%)	0.2%	$8.66	—	COM	95766R104
ACHR/WS	ARCHER AVIATION INC	81,329 (+368.5%)	$93 (+144.9%)	0.0%	$1.37	—	*W EXP 09/16/202	03945R110
BGLWW	BLUE GOLD LTD	134,194 (+392.1%)	$57 (+352.9%)	0.0%	$0.43	—	*W EXP 04/01/203	G1331C112

Exited Positions (42)

HYG ISHARES TR 10.3%

Value ($000) $81,190 Shares 1,000,000 Est. Cost — Unrealized —

EWZ ISHARES INC 2.0%

Value ($000) $15,500 Shares 500,000 Est. Cost — Unrealized —

GME GAMESTOP CORP NEW 0.3%

Value ($000) $2,046 Shares 75,000 Est. Cost — Unrealized —

CCCX CHURCHILL CAP CORP X 0.2%

Value ($000) $1,608 Shares 125,000 Est. Cost $12.86 Unrealized —

CORZ CORE SCIENTIFIC INC NEW 0.2%

Value ($000) $1,525 Shares 85,000 Est. Cost $17.44 Unrealized 0.0%

WOLF WOLFSPEED INC 0.2%

Value ($000) $1,430 Shares 50,000 Est. Cost $22.94 Unrealized 0.0%

GOOGL ALPHABET INC 0.2%

Value ($000) $1,410 Shares 5,800 Est. Cost — Unrealized —

HPE HEWLETT PACKARD ENTERPRISE C 0.2%

Value ($000) $1,400 Shares 57,000 Est. Cost $21.88 Unrealized +7.1%

TDS TELEPHONE & DATA SYS INC 0.1%

Value ($000) $1,148 Shares 29,254 Est. Cost $23.10 Unrealized +68.6%

SBSW SIBANYE STILLWATER LTD 0.1%

Value ($000) $1,124 Shares 100,000 Est. Cost $11.24 Unrealized —

AUR AURORA INNOVATION INC 0.1%

Value ($000) $1,078 Shares 200,000 Est. Cost $5.87 Unrealized -21.9%

— AMCOR PLC O 0.1%

Value ($000) $988 Shares 120,800 Est. Cost $9.07 Unrealized -9.0%

AMAT APPLIED MATLS INC 0.1%

Value ($000) $962 Shares 4,700 Est. Cost — Unrealized —

JD JD.COM INC 0.1%

Value ($000) $902 Shares 25,800 Est. Cost — Unrealized —

LRCX LAM RESEARCH CORP 0.1%

Value ($000) $844 Shares 6,300 Est. Cost — Unrealized —

PDD PDD HOLDINGS INC 0.1%

Value ($000) $833 Shares 6,300 Est. Cost — Unrealized —

COMP COMPASS INC 0.1%

Value ($000) $803 Shares 100,000 Est. Cost — Unrealized —

SMCI SUPER MICRO COMPUTER INC 0.1%

Value ($000) $793 Shares 16,551 Est. Cost $41.88 Unrealized -1.7%

CAMT CAMTEK LTD 0.1%

Value ($000) $788 Shares 7,500 Est. Cost — Unrealized —

ASML ASML HOLDING N V 0.1%

Value ($000) $774 Shares 800 Est. Cost — Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.1%

Value ($000) $769 Shares 4,300 Est. Cost $160.05 Unrealized —

GDX VANECK ETF TRUST 0.1%

Value ($000) $764 Shares 10,000 Est. Cost $69.97 Unrealized —

LION LIONSGATE STUDIOS CORP 0.1%

Value ($000) $728 Shares 105,561 Est. Cost $6.60 Unrealized +7.7%

BIDU BAIDU INC 0.1%

Value ($000) $725 Shares 5,500 Est. Cost — Unrealized —

DOLE DOLE PLC 0.1%

Value ($000) $672 Shares 50,000 Est. Cost — Unrealized —

KDP KEURIG DR PEPPER INC 0.1%

Value ($000) $638 Shares 25,000 Est. Cost — Unrealized —

— MR COOPER GROUP INC 0.1%

Value ($000) $590 Shares 2,799 Est. Cost $149.21 Unrealized —

— AMCOR PLC O 0.1%

Value ($000) $573 Shares 70,000 Est. Cost $9.07 Unrealized -9.0%

— GSR III ACQUISITION CORP 0.1%

Value ($000) $518 Shares 50,000 Est. Cost $10.36 Unrealized —

LWAY LIFEWAY FOODS INC 0.1%

Value ($000) $500 Shares 18,000 Est. Cost $28.13 Unrealized -12.9%

EVGO EVGO INC 0.1%

Value ($000) $473 Shares 100,000 Est. Cost — Unrealized —

SMLR SEMLER SCIENTIFIC INC 0.0%

Value ($000) $345 Shares 11,500 Est. Cost — Unrealized —

NB NIOCORP DEVS LTD 0.0%

Value ($000) $334 Shares 50,000 Est. Cost — Unrealized —

JOBY/WS JOBY AVIATION INC 0.0%

Value ($000) $314 Shares 52,415 Est. Cost $2.40 Unrealized —

EA ELECTRONIC ARTS INC 0.0%

Value ($000) $303 Shares 1,500 Est. Cost $165.25 Unrealized +22.1%

SBSW SIBANYE STILLWATER LTD 0.0%

Value ($000) $286 Shares 25,460 Est. Cost $11.24 Unrealized —

PCTTW PURECYCLE TECHNOLOGIES INC 0.0%

Value ($000) $254 Shares 75,205 Est. Cost $4.09 Unrealized —

ASTS AST SPACEMOBILE INC 0.0%

Value ($000) $246 Shares 5,005 Est. Cost $48.19 Unrealized +48.1%

RKT ROCKET COS INC 0.0%

Value ($000) $212 Shares 10,935 Est. Cost $17.44 Unrealized +2.5%

MSTX TIDAL TRUST II 0.0%

Value ($000) $203 Shares 9,500 Est. Cost — Unrealized —

AUR AURORA INNOVATION INC 0.0%

Value ($000) $179 Shares 33,246 Est. Cost $5.87 Unrealized -21.9%

CRWV COREWEAVE INC 0.0%

Value ($000) $82 Shares 600 Est. Cost $118.31 Unrealized -14.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HYG	ISHARES TR	1,000,000	$81,190	10.3%	—	—	CALL	464288513
EWZ	ISHARES INC	500,000	$15,500	2.0%	—	—	CALL	464286400
GME	GAMESTOP CORP NEW	75,000	$2,046	0.3%	—	—	PUT	36467W109
CCCX	CHURCHILL CAP CORP X	125,000	$1,608	0.2%	$12.86	—	—	G2130T108
CORZ	CORE SCIENTIFIC INC NEW	85,000	$1,525	0.2%	$17.44	0.0%	CALL	21874A106
WOLF	WOLFSPEED INC	50,000	$1,430	0.2%	$22.94	0.0%	CALL	97785W106
GOOGL	ALPHABET INC	5,800	$1,410	0.2%	—	—	CALL	02079K305
HPE	HEWLETT PACKARD ENTERPRISE C	57,000	$1,400	0.2%	$21.88	+7.1%	—	42824C109
TDS	TELEPHONE & DATA SYS INC	29,254	$1,148	0.1%	$23.10	+68.6%	—	879433829
SBSW	SIBANYE STILLWATER LTD	100,000	$1,124	0.1%	$11.24	—	PUT	82575P107
AUR	AURORA INNOVATION INC	200,000	$1,078	0.1%	$5.87	-21.9%	PUT	051774107
—	AMCOR PLC O	120,800	$988	0.1%	$9.07	-9.0%	—	G0250X107
AMAT	APPLIED MATLS INC	4,700	$962	0.1%	—	—	PUT	038222105
JD	JD.COM INC	25,800	$902	0.1%	—	—	CALL	47215P106
LRCX	LAM RESEARCH CORP	6,300	$844	0.1%	—	—	PUT	512807306
PDD	PDD HOLDINGS INC	6,300	$833	0.1%	—	—	CALL	722304102
COMP	COMPASS INC	100,000	$803	0.1%	—	—	CALL	20464U100
SMCI	SUPER MICRO COMPUTER INC	16,551	$793	0.1%	$41.88	-1.7%	—	86800U302
CAMT	CAMTEK LTD	7,500	$788	0.1%	—	—	PUT	M20791105
ASML	ASML HOLDING N V	800	$774	0.1%	—	—	PUT	N07059210
BABA	ALIBABA GROUP HLDG LTD	4,300	$769	0.1%	$160.05	—	CALL	01609W102
GDX	VANECK ETF TRUST	10,000	$764	0.1%	$69.97	—	CALL	92189F106
LION	LIONSGATE STUDIOS CORP	105,561	$728	0.1%	$6.60	+7.7%	—	53626N102
BIDU	BAIDU INC	5,500	$725	0.1%	—	—	CALL	056752108
DOLE	DOLE PLC	50,000	$672	0.1%	—	—	CALL	G27907107
KDP	KEURIG DR PEPPER INC	25,000	$638	0.1%	—	—	CALL	49271V100
—	MR COOPER GROUP INC	2,799	$590	0.1%	$149.21	—	—	62482R107
—	AMCOR PLC O	70,000	$573	0.1%	$9.07	-9.0%	CALL	G0250X107
—	GSR III ACQUISITION CORP	50,000	$518	0.1%	$10.36	—	—	G4R103107
LWAY	LIFEWAY FOODS INC	18,000	$500	0.1%	$28.13	-12.9%	—	531914109
EVGO	EVGO INC	100,000	$473	0.1%	—	—	CALL	30052F100
SMLR	SEMLER SCIENTIFIC INC	11,500	$345	0.0%	—	—	CALL	81684M104
NB	NIOCORP DEVS LTD	50,000	$334	0.0%	—	—	PUT	654484609
JOBY/WS	JOBY AVIATION INC	52,415	$314	0.0%	$2.40	—	—	G65163118
EA	ELECTRONIC ARTS INC	1,500	$303	0.0%	$165.25	+22.1%	—	285512109
SBSW	SIBANYE STILLWATER LTD	25,460	$286	0.0%	$11.24	—	—	82575P107
PCTTW	PURECYCLE TECHNOLOGIES INC	75,205	$254	0.0%	$4.09	—	—	74623V111
ASTS	AST SPACEMOBILE INC	5,005	$246	0.0%	$48.19	+48.1%	—	00217D100
RKT	ROCKET COS INC	10,935	$212	0.0%	$17.44	+2.5%	—	77311W101
MSTX	TIDAL TRUST II	9,500	$203	0.0%	—	—	PUT	88636J253
AUR	AURORA INNOVATION INC	33,246	$179	0.0%	$5.87	-21.9%	—	051774107
CRWV	COREWEAVE INC	600	$82	0.0%	$118.31	-14.3%	CALL	21873S108

Decreased Positions (45)

EEM ISHARES TR 7.0%

Value ($000) $54,710 (-70.7%) Shares 1,000,000 (-71.4%) Est. Cost — Unrealized —

HYG ISHARES TR 47.2%

Value ($000) $370,898 (-13.0%) Shares 4,600,000 (-12.4%) Est. Cost — Unrealized —

CDE COEUR MNG INC 0.2%

Value ($000) $1,783 (-68.3%) Shares 100,000 (-66.7%) Est. Cost — Unrealized —

— STRATEGY INC 0.3%

Value ($000) $2,266 (-41.5%) Shares 28,772 (-31.8%) Est. Cost $86.60 Unrealized —

CZR CAESARS ENTERTAINMENT INC NE 0.0%

Value ($000) $351 (-78.4%) Shares 15,000 (-75.0%) Est. Cost $37.16 Unrealized -39.5%

ALIT ALIGHT INC 0.1%

Value ($000) $717 (-61.3%) Shares 367,752 (-35.2%) Est. Cost $8.03 Unrealized -69.4%

BLDR BUILDERS FIRSTSOURCE INC 0.0%

Value ($000) $309 (-71.7%) Shares 3,000 (-66.7%) Est. Cost $115.39 Unrealized -2.6%

CRWV COREWEAVE INC 0.0%

Value ($000) $236 (-75.4%) Shares 3,292 (-53.0%) Est. Cost $118.31 Unrealized -14.3%

SBET SHARPLINK GAMING INC 0.0%

Value ($000) $178 (-79.9%) Shares 19,875 (-61.8%) Est. Cost $19.64 Unrealized -37.8%

MSTR STRATEGY INC 0.0%

Value ($000) $380 (-64.3%) Shares 2,500 (-24.2%) Est. Cost $338.47 Unrealized -32.0%

FCX FREEPORT-MCMORAN INC 0.1%

Value ($000) $1,087 (-38.4%) Shares 21,400 (-52.4%) Est. Cost $43.31 Unrealized 0.0%

PENN PENN ENTERTAINMENT INC 0.0%

Value ($000) $148 (-80.9%) Shares 10,000 (-75.0%) Est. Cost $18.60 Unrealized -16.1%

GXO GXO LOGISTICS INCORPORATED 0.5%

Value ($000) $3,610 (-13.0%) Shares 68,582 (-12.6%) Est. Cost $46.42 Unrealized +13.2%

CIFR CIPHER MINING INC 0.1%

Value ($000) $490 (-51.3%) Shares 33,200 (-58.5%) Est. Cost $7.54 Unrealized +134.0%

ETHA ISHARES ETHEREUM TR 0.1%

Value ($000) $419 (-54.8%) Shares 18,672 (-36.5%) Est. Cost $20.94 Unrealized —

CFLT CONFLUENT INC 0.2%

Value ($000) $1,775 (+37.9%) Shares 58,700 (-9.7%) Est. Cost $24.55 Unrealized 0.0%

COHR COHERENT CORP 0.2%

Value ($000) $1,477 (-23.8%) Shares 8,000 (-55.6%) Est. Cost $56.17 Unrealized +166.3%

BABA ALIBABA GROUP HLDG LTD 0.2%

Value ($000) $1,318 (-25.9%) Shares 8,994 (-9.7%) Est. Cost $160.05 Unrealized —

MSTR STRATEGY INC 0.0%

Value ($000) $216 (-66.6%) Shares 1,419 (-29.1%) Est. Cost $338.47 Unrealized -32.0%

JHX JAMES HARDIE INDS PLC 0.2%

Value ($000) $1,434 (-18.5%) Shares 69,127 (-24.6%) Est. Cost $23.95 Unrealized -16.3%

NIOBW NIOCORP DEVS LTD 0.0%

Value ($000) $55 (-84.9%) Shares 29,581 (-85.0%) Est. Cost $1.84 Unrealized —

AUROW AURORA INNOVATION INC 0.0%

Value ($000) $121 (-67.5%) Shares 538,267 (-16.4%) Est. Cost $0.83 Unrealized —

SIRI SIRIUSXM HOLDINGS INC 0.1%

Value ($000) $450 (-35.6%) Shares 22,500 (-25.0%) Est. Cost $31.06 Unrealized -30.8%

META META PLATFORMS INC 0.1%

Value ($000) $710 (-25.7%) Shares 1,075 (-17.3%) Est. Cost $616.61 Unrealized +8.2%

COIN COINBASE GLOBAL INC 0.0%

Value ($000) $283 (-43.8%) Shares 1,252 (-16.2%) Est. Cost $270.63 Unrealized +10.1%

MU MICRON TECHNOLOGY INC 0.2%

Value ($000) $1,832 (+13.7%) Shares 6,418 (-33.4%) Est. Cost $127.82 Unrealized +79.4%

INTC INTEL CORP 0.3%

Value ($000) $1,982 (-9.1%) Shares 53,700 (-17.4%) Est. Cost — Unrealized —

GDX VANECK ETF TRUST 0.3%

Value ($000) $2,561 (-6.8%) Shares 29,864 (-17.0%) Est. Cost $69.97 Unrealized —

BATRK ATLANTA BRAVES HLDGS INC 0.1%

Value ($000) $422 (-28.5%) Shares 10,689 (-24.7%) Est. Cost $39.86 Unrealized -0.8%

GBTG GLOBAL BUSINESS TRAVEL GROUP 0.2%

Value ($000) $1,209 (-11.0%) Shares 158,007 (-6.0%) Est. Cost $6.66 Unrealized +16.5%

— NUVEEN NASDAQ 100 DYNAMIC OV 0.2%

Value ($000) $1,764 (-7.1%) Shares 61,842 (-10.6%) Est. Cost $22.84 Unrealized —

GMED GLOBUS MED INC 0.4%

Value ($000) $2,759 (+3.4%) Shares 31,596 (-32.2%) Est. Cost $58.00 Unrealized +30.9%

NPWR/WS NET POWER INC 0.0%

Value ($000) $82 (-48.2%) Shares 163,972 (-22.4%) Est. Cost $0.30 Unrealized —

OPEN OPENDOOR TECHNOLOGIES INC 0.0%

Value ($000) $70 (-51.8%) Shares 12,000 (-34.2%) Est. Cost $4.19 Unrealized +74.2%

SPRO SPERO THERAPEUTICS INC 0.1%

Value ($000) $457 (+16.3%) Shares 195,939 (-6.1%) Est. Cost $1.65 Unrealized +40.5%

TMCWW TMC THE METALS COMPANY INC 0.0%

Value ($000) $145 (-28.7%) Shares 112,693 (-41.9%) Est. Cost $1.47 Unrealized —

BHF BRIGHTHOUSE FINL INC 0.1%

Value ($000) $632 (+8.2%) Shares 9,750 (-11.4%) Est. Cost $48.82 Unrealized +20.4%

BATRA ATLANTA BRAVES HLDGS INC 0.0%

Value ($000) $263 (-15.2%) Shares 6,191 (-9.2%) Est. Cost $42.70 Unrealized +0.7%

BZAIW BLAIZE HLDGS INC 0.0%

Value ($000) $34 (-54.6%) Shares 84,427 (-29.4%) Est. Cost $0.62 Unrealized —

ATMU ATMUS FILTRATION TECHNOLOGIE 0.4%

Value ($000) $3,115 (+1.1%) Shares 60,003 (-12.2%) Est. Cost $27.88 Unrealized +73.3%

SLND/WS SOUTHLAND HLDGS INC 0.0%

Value ($000) $22 (-58.0%) Shares 253,240 (-5.9%) Est. Cost $0.75 Unrealized —

NVDA NVIDIA CORPORATION 0.2%

Value ($000) $1,453 (-1.9%) Shares 7,791 (-1.8%) Est. Cost $139.18 Unrealized +33.7%

AVGO BROADCOM INC 0.1%

Value ($000) $1,021 (+2.3%) Shares 2,951 (-2.5%) Est. Cost $237.49 Unrealized +50.3%

FLS FLOWSERVE CORP 0.2%

Value ($000) $1,873 (+0.7%) Shares 27,000 (-22.9%) Est. Cost $52.11 Unrealized +23.0%

NAK NORTHERN DYNASTY MINERALS LT 0.1%

Value ($000) $609 (-2.0%) Shares 309,000 (-40.3%) Est. Cost $1.10 Unrealized +76.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EEM	ISHARES TR	1,000,000 (-71.4%)	$54,710 (-70.7%)	7.0%	—	—	CALL	464287234
HYG	ISHARES TR	4,600,000 (-12.4%)	$370,898 (-13.0%)	47.2%	—	—	PUT	464288513
CDE	COEUR MNG INC	100,000 (-66.7%)	$1,783 (-68.3%)	0.2%	—	—	PUT	192108504
—	STRATEGY INC	28,772 (-31.8%)	$2,266 (-41.5%)	0.3%	$86.60	—	SERIES A PERP PF	594972887
CZR	CAESARS ENTERTAINMENT INC NE	15,000 (-75.0%)	$351 (-78.4%)	0.0%	$37.16	-39.5%	COM	12769G100
ALIT	ALIGHT INC	367,752 (-35.2%)	$717 (-61.3%)	0.1%	$8.03	-69.4%	COM CL A	01626W101
BLDR	BUILDERS FIRSTSOURCE INC	3,000 (-66.7%)	$309 (-71.7%)	0.0%	$115.39	-2.6%	COM	12008R107
CRWV	COREWEAVE INC	3,292 (-53.0%)	$236 (-75.4%)	0.0%	$118.31	-14.3%	COM CL A	21873S108
SBET	SHARPLINK GAMING INC	19,875 (-61.8%)	$178 (-79.9%)	0.0%	$19.64	-37.8%	COM NEW	820014405
MSTR	STRATEGY INC	2,500 (-24.2%)	$380 (-64.3%)	0.0%	$338.47	-32.0%	PUT	594972408
FCX	FREEPORT-MCMORAN INC	21,400 (-52.4%)	$1,087 (-38.4%)	0.1%	$43.31	0.0%	CALL	35671D857
PENN	PENN ENTERTAINMENT INC	10,000 (-75.0%)	$148 (-80.9%)	0.0%	$18.60	-16.1%	COM	707569109
GXO	GXO LOGISTICS INCORPORATED	68,582 (-12.6%)	$3,610 (-13.0%)	0.5%	$46.42	+13.2%	COMMON STOCK	36262G101
CIFR	CIPHER MINING INC	33,200 (-58.5%)	$490 (-51.3%)	0.1%	$7.54	+134.0%	COM	17253J106
ETHA	ISHARES ETHEREUM TR	18,672 (-36.5%)	$419 (-54.8%)	0.1%	$20.94	—	SHS	46438R105
CFLT	CONFLUENT INC	58,700 (-9.7%)	$1,775 (+37.9%)	0.2%	$24.55	0.0%	CALL	20717M103
COHR	COHERENT CORP	8,000 (-55.6%)	$1,477 (-23.8%)	0.2%	$56.17	+166.3%	COM	19247G107
BABA	ALIBABA GROUP HLDG LTD	8,994 (-9.7%)	$1,318 (-25.9%)	0.2%	$160.05	—	SPONSORED ADS	01609W102
MSTR	STRATEGY INC	1,419 (-29.1%)	$216 (-66.6%)	0.0%	$338.47	-32.0%	CL A NEW	594972408
JHX	JAMES HARDIE INDS PLC	69,127 (-24.6%)	$1,434 (-18.5%)	0.2%	$23.95	-16.3%	ORD SHS	G4253H101
NIOBW	NIOCORP DEVS LTD	29,581 (-85.0%)	$55 (-84.9%)	0.0%	$1.84	—	*W EXP 03/17/202	654484153
AUROW	AURORA INNOVATION INC	538,267 (-16.4%)	$121 (-67.5%)	0.0%	$0.83	—	*W EXP 11/03/202	051774115
SIRI	SIRIUSXM HOLDINGS INC	22,500 (-25.0%)	$450 (-35.6%)	0.1%	$31.06	-30.8%	COMMON STOCK	829933100
META	META PLATFORMS INC	1,075 (-17.3%)	$710 (-25.7%)	0.1%	$616.61	+8.2%	CL A	30303M102
COIN	COINBASE GLOBAL INC	1,252 (-16.2%)	$283 (-43.8%)	0.0%	$270.63	+10.1%	COM CL A	19260Q107
MU	MICRON TECHNOLOGY INC	6,418 (-33.4%)	$1,832 (+13.7%)	0.2%	$127.82	+79.4%	COM	595112103
INTC	INTEL CORP	53,700 (-17.4%)	$1,982 (-9.1%)	0.3%	—	—	CALL	458140100
GDX	VANECK ETF TRUST	29,864 (-17.0%)	$2,561 (-6.8%)	0.3%	$69.97	—	GOLD MINERS ETF	92189F106
BATRK	ATLANTA BRAVES HLDGS INC	10,689 (-24.7%)	$422 (-28.5%)	0.1%	$39.86	-0.8%	COM SER C	047726302
GBTG	GLOBAL BUSINESS TRAVEL GROUP	158,007 (-6.0%)	$1,209 (-11.0%)	0.2%	$6.66	+16.5%	COM CL A	37890B100
—	NUVEEN NASDAQ 100 DYNAMIC OV	61,842 (-10.6%)	$1,764 (-7.1%)	0.2%	$22.84	—	COM SHS	670699107
GMED	GLOBUS MED INC	31,596 (-32.2%)	$2,759 (+3.4%)	0.4%	$58.00	+30.9%	CL A	379577208
NPWR/WS	NET POWER INC	163,972 (-22.4%)	$82 (-48.2%)	0.0%	$0.30	—	*W EXP 06/08/202	64107A113
OPEN	OPENDOOR TECHNOLOGIES INC	12,000 (-34.2%)	$70 (-51.8%)	0.0%	$4.19	+74.2%	COM	683712103
SPRO	SPERO THERAPEUTICS INC	195,939 (-6.1%)	$457 (+16.3%)	0.1%	$1.65	+40.5%	COM	84833T103
TMCWW	TMC THE METALS COMPANY INC	112,693 (-41.9%)	$145 (-28.7%)	0.0%	$1.47	—	*W EXP 09/09/202	87261Y114
BHF	BRIGHTHOUSE FINL INC	9,750 (-11.4%)	$632 (+8.2%)	0.1%	$48.82	+20.4%	COM	10922N103
BATRA	ATLANTA BRAVES HLDGS INC	6,191 (-9.2%)	$263 (-15.2%)	0.0%	$42.70	+0.7%	COM SER A	047726104
BZAIW	BLAIZE HLDGS INC	84,427 (-29.4%)	$34 (-54.6%)	0.0%	$0.62	—	*W EXP 01/13/203	092915115
ATMU	ATMUS FILTRATION TECHNOLOGIE	60,003 (-12.2%)	$3,115 (+1.1%)	0.4%	$27.88	+73.3%	COM	04956D107
SLND/WS	SOUTHLAND HLDGS INC	253,240 (-5.9%)	$22 (-58.0%)	0.0%	$0.75	—	*W EXP 02/14/202	84445C118
NVDA	NVIDIA CORPORATION	7,791 (-1.8%)	$1,453 (-1.9%)	0.2%	$139.18	+33.7%	COM	67066G104
AVGO	BROADCOM INC	2,951 (-2.5%)	$1,021 (+2.3%)	0.1%	$237.49	+50.3%	COM	11135F101
FLS	FLOWSERVE CORP	27,000 (-22.9%)	$1,873 (+0.7%)	0.2%	$52.11	+23.0%	COM	34354P105
NAK	NORTHERN DYNASTY MINERALS LT	309,000 (-40.3%)	$609 (-2.0%)	0.1%	$1.10	+76.2%	COM NEW	66510M204

Unchanged Positions (27)

CSTM CONSTELLIUM SE 0.5%

Value ($000) $4,120 Shares 218,566 Est. Cost $13.03 Unrealized +27.4%

TNL TRAVEL PLUS LEISURE CO 0.5%

Value ($000) $4,062 Shares 57,589 Est. Cost $41.03 Unrealized +58.7%

YETI YETI HLDGS INC 0.3%

Value ($000) $2,186 Shares 49,500 Est. Cost $31.21 Unrealized +23.2%

EWZ ISHARES INC 2.8%

Value ($000) $22,239 Shares 700,000 Est. Cost — Unrealized —

ETHU VOLATILITY SHS TR 0.0%

Value ($000) $208 Shares 3,800 Est. Cost $129.75 Unrealized —

HUBS HUBSPOT INC 0.2%

Value ($000) $1,405 Shares 3,500 Est. Cost — Unrealized —

GENVR GEN DIGITAL INC 0.0%

Value ($000) $282 Shares 62,410 Est. Cost $7.97 Unrealized —

GEN GEN DIGITAL INC 0.5%

Value ($000) $3,943 Shares 145,000 Est. Cost $29.71 Unrealized -9.6%

SNX TD SYNNEX CORPORATION 0.2%

Value ($000) $1,367 Shares 9,100 Est. Cost $119.58 Unrealized +27.8%

FLEX FLEX LTD 0.4%

Value ($000) $2,976 Shares 49,253 Est. Cost $13.09 Unrealized +371.8%

EVLVW EVOLV TECHNOLOGIES HLDNGS IN 0.0%

Value ($000) $53 Shares 197,268 Est. Cost $0.55 Unrealized —

— ON SEMICONDUCTOR CORP 0.4%

Value ($000) $3,323 Shares 3,500,000 Est. Cost $0.92 Unrealized —

GCTS/WS GCT SEMICONDUCTOR HLDG INC 0.0%

Value ($000) $51 Shares 673,000 Est. Cost $0.08 Unrealized —

KWMWW K WAVE MEDIA LTD 0.0%

Value ($000) $12 Shares 400,000 Est. Cost $0.14 Unrealized —

GLW CORNING INC 0.1%

Value ($000) $525 Shares 6,000 Est. Cost $46.30 Unrealized +85.7%

PLTR PALANTIR TECHNOLOGIES INC 0.1%

Value ($000) $939 Shares 5,282 Est. Cost $108.73 Unrealized +66.5%

AMZN AMAZON COM INC 0.1%

Value ($000) $473 Shares 2,050 Est. Cost $193.71 Unrealized +18.1%

— NUVEEN DOW 30 DYNMC OVERWRT 0.1%

Value ($000) $1,101 Shares 72,133 Est. Cost $13.76 Unrealized —

MAGS LISTED FDS TR 0.1%

Value ($000) $1,172 Shares 17,762 Est. Cost $64.86 Unrealized —

LVWR/WS LIVEWIRE GROUP INC 0.0%

Value ($000) $95 Shares 1,522,201 Est. Cost $0.11 Unrealized —

TSLA TESLA INC 0.1%

Value ($000) $742 Shares 1,650 Est. Cost $311.82 Unrealized +42.2%

RNWWW RENEW ENERGY GLOBAL PLC 0.0%

Value ($000) $1 Shares 200,000 Est. Cost $0.05 Unrealized —

LANV/WS LANVIN GROUP HOLDINGS LIMITE 0.0%

Value ($000) $30 Shares 1,917,304 Est. Cost $0.11 Unrealized —

HPAIW HELPORT AI LTD 0.0%

Value ($000) $13 Shares 82,640 Est. Cost $0.20 Unrealized —

BRLSW BOREALIS FOODS INC 0.0%

Value ($000) $4 Shares 70,000 Est. Cost $0.11 Unrealized —

GEN GEN DIGITAL INC 0.0%

Value ($000) $30 Shares 1,116 Est. Cost $29.71 Unrealized -9.6%

ETHU VOLATILITY SHS TR 0.0%

Value ($000) $0 Shares 4 Est. Cost $129.75 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CSTM	CONSTELLIUM SE	218,566	$4,120	0.5%	$13.03	+27.4%	CL A SHS	F21107101
TNL	TRAVEL PLUS LEISURE CO	57,589	$4,062	0.5%	$41.03	+58.7%	COM	894164102
YETI	YETI HLDGS INC	49,500	$2,186	0.3%	$31.21	+23.2%	COM	98585X104
EWZ	ISHARES INC	700,000	$22,239	2.8%	—	—	PUT	464286400
ETHU	VOLATILITY SHS TR	3,800	$208	0.0%	$129.75	—	PUT	92864M798
HUBS	HUBSPOT INC	3,500	$1,405	0.2%	—	—	CALL	443573100
GENVR	GEN DIGITAL INC	62,410	$282	0.0%	$7.97	—	RIGHT 99/99/9999	668771116
GEN	GEN DIGITAL INC	145,000	$3,943	0.5%	$29.71	-9.6%	PUT	668771108
SNX	TD SYNNEX CORPORATION	9,100	$1,367	0.2%	$119.58	+27.8%	COM	87162W100
FLEX	FLEX LTD	49,253	$2,976	0.4%	$13.09	+371.8%	ORD	Y2573F102
EVLVW	EVOLV TECHNOLOGIES HLDNGS IN	197,268	$53	0.0%	$0.55	—	*W EXP 07/16/202	30049H110
—	ON SEMICONDUCTOR CORP	3,500,000	$3,323	0.4%	$0.92	—	NOTE 0.500% 3/0	682189AU9
GCTS/WS	GCT SEMICONDUCTOR HLDG INC	673,000	$51	0.0%	$0.08	—	*W EXP 03/01/202	36170N115
KWMWW	K WAVE MEDIA LTD	400,000	$12	0.0%	$0.14	—	*W EXP 05/14/203	G53151125
GLW	CORNING INC	6,000	$525	0.1%	$46.30	+85.7%	COM	219350105
PLTR	PALANTIR TECHNOLOGIES INC	5,282	$939	0.1%	$108.73	+66.5%	CL A	69608A108
AMZN	AMAZON COM INC	2,050	$473	0.1%	$193.71	+18.1%	COM	023135106
—	NUVEEN DOW 30 DYNMC OVERWRT	72,133	$1,101	0.1%	$13.76	—	SHS	67075F105
MAGS	LISTED FDS TR	17,762	$1,172	0.1%	$64.86	—	ROUNDHILL MAGNIF	53656G498
LVWR/WS	LIVEWIRE GROUP INC	1,522,201	$95	0.0%	$0.11	—	*W EXP 09/26/202	53838J113
TSLA	TESLA INC	1,650	$742	0.1%	$311.82	+42.2%	COM	88160R101
RNWWW	RENEW ENERGY GLOBAL PLC	200,000	$1	0.0%	$0.05	—	*W EXP 08/21/202	G7500M120
LANV/WS	LANVIN GROUP HOLDINGS LIMITE	1,917,304	$30	0.0%	$0.11	—	*W EXP 01/14/202	G5380J118
HPAIW	HELPORT AI LTD	82,640	$13	0.0%	$0.20	—	*W EXP 03/31/202	G4R52R111
BRLSW	BOREALIS FOODS INC	70,000	$4	0.0%	$0.11	—	*W EXP 02/07/202	09973D113
GEN	GEN DIGITAL INC	1,116	$30	0.0%	$29.71	-9.6%	COM	668771108
ETHU	VOLATILITY SHS TR	4	$0	0.0%	$129.75	—	2X ETHER ETF NEW	92864M798