Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO EXCHANGE TRADED FD T	14,993	$3.19M	0.8%	$212.77	—	S&P500 EQL WGT	46137V357
EWBC	EAST WEST BANCORP INC	1,816	$234K	0.1%	$129.09	—	COM	27579R104
MPWR	MONOLITHIC PWR SYS INC	159	$220K	0.1%	$1382.36	—	COM	609839105
IWM	ISHARES TR	680	$204K	0.0%	$300.45	—	RUSSELL 2000 ETF	464287655
AGO	ASSURED GUARANTY LTD	1,663	$133K	0.0%	$80.16	—	COM	G0585R106

Increased Positions (6)

JCPB J P MORGAN EXCHANGE TRADED F 19.9%

Value $81.56M (+12.1%) Shares 1,737,492 (+12.4%) Est. Cost $47.29 Unrealized —

VCEL VERICEL CORP 1.8%

Value $7.579M (+114.6%) Shares 170,355 (+55.2%) Est. Cost $32.50 Unrealized —

AAPL APPLE INC 1.0%

Value $4.118M (+205.7%) Shares 14,233 (+168.1%) Est. Cost $215.11 Unrealized —

GOOGL ALPHABET INC 1.1%

Value $4.315M (+98.0%) Shares 12,074 (+59.4%) Est. Cost $200.88 Unrealized —

BABA ALIBABA GROUP HLDG LTD 2.4%

Value $9.976M (+16.9%) Shares 103,936 (+52.8%) Est. Cost $124.26 Unrealized —

GDX VANECK ETF TRUST 2.5%

Value $10.18M (+8.4%) Shares 134,882 (+31.8%) Est. Cost $42.23 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JCPB	J P MORGAN EXCHANGE TRADED F	1,737,492 (+12.4%)	$81.56M (+12.1%)	19.9%	$47.29	—	CORE PLUS BD ETF	46641Q670
VCEL	VERICEL CORP	170,355 (+55.2%)	$7.579M (+114.6%)	1.8%	$32.50	—	COM	92346J108
AAPL	APPLE INC	14,233 (+168.1%)	$4.118M (+205.7%)	1.0%	$215.11	—	COM	037833100
GOOGL	ALPHABET INC	12,074 (+59.4%)	$4.315M (+98.0%)	1.1%	$200.88	—	CAP STK CL A	02079K305
BABA	ALIBABA GROUP HLDG LTD	103,936 (+52.8%)	$9.976M (+16.9%)	2.4%	$124.26	—	SPONSORED ADS	01609W102
GDX	VANECK ETF TRUST	134,882 (+31.8%)	$10.18M (+8.4%)	2.5%	$42.23	—	GOLD MINERS ETF	92189F106

Exited Positions (4)

BRZE BRAZE INC 1.3%

Value $5.23M Shares 221,513 Est. Cost $29.63 Unrealized —

ALL ALLSTATE CORP 0.8%

Value $3.156M Shares 15,219 Est. Cost $172.85 Unrealized —

CLF CLEVELAND-CLIFFS INC NEW 0.7%

Value $2.918M Shares 345,374 Est. Cost $16.13 Unrealized —

IGSB ISHARES TR 0.2%

Value $874K Shares 16,620 Est. Cost $103.94 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRZE	BRAZE INC	221,513	$5.23M	1.3%	$29.63	—	—	10576N102
ALL	ALLSTATE CORP	15,219	$3.156M	0.8%	$172.85	—	—	020002101
CLF	CLEVELAND-CLIFFS INC NEW	345,374	$2.918M	0.7%	$16.13	—	—	185899101
IGSB	ISHARES TR	16,620	$874K	0.2%	$103.94	—	—	464288646

Decreased Positions (30)

MU MICRON TECHNOLOGY INC 5.5%

Value $22.69M (+104.7%) Shares 19,657 (-40.1%) Est. Cost $121.31 Unrealized —

MRVL MARVELL TECHNOLOGY INC 4.0%

Value $16.25M (+197.5%) Shares 54,548 (-1.1%) Est. Cost $69.98 Unrealized —

DY DYCOM INDS INC 4.1%

Value $16.68M (+47.5%) Shares 32,989 (-1.1%) Est. Cost $56.48 Unrealized —

GEV GE VERNOVA INC 2.9%

Value $12.03M (+33.2%) Shares 10,243 (-1.1%) Est. Cost $158.10 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 2.1%

Value $8.566M (+50.6%) Shares 11,225 (-23.0%) Est. Cost $258.91 Unrealized —

ALK ALASKA AIR GROUP INC 2.1%

Value $8.484M (+40.5%) Shares 162,534 (-1.0%) Est. Cost $45.76 Unrealized —

GVA GRANITE CONSTR INC 2.5%

Value $10.34M (+29.6%) Shares 65,390 (-1.7%) Est. Cost $36.40 Unrealized —

VKTX VIKING THERAPEUTICS INC 3.6%

Value $14.87M (+18.6%) Shares 381,300 (-1.1%) Est. Cost $35.61 Unrealized —

AGG ISHARES TR 0.5%

Value $1.914M (-52.9%) Shares 19,338 (-52.8%) Est. Cost $97.26 Unrealized —

CME CME GROUP INC 1.4%

Value $5.904M (-26.0%) Shares 26,736 (-1.0%) Est. Cost $180.35 Unrealized —

ANET ARISTA NETWORKS INC 1.8%

Value $7.252M (+36.9%) Shares 42,689 (-1.0%) Est. Cost $101.35 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 1.3%

Value $5.532M (-22.5%) Shares 44,933 (-1.0%) Est. Cost $103.55 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 2.4%

Value $9.989M (+13.1%) Shares 13,376 (-1.5%) Est. Cost $320.89 Unrealized —

ETN EATON CORP PLC 1.8%

Value $7.392M (+17.9%) Shares 17,348 (-1.0%) Est. Cost $334.40 Unrealized —

BAC BANK OF AMER CORP 1.9%

Value $7.871M (+15.6%) Shares 138,143 (-1.1%) Est. Cost $32.78 Unrealized —

AVGO BROADCOM INC 1.5%

Value $6.061M (+20.7%) Shares 16,044 (-1.1%) Est. Cost $158.01 Unrealized —

CBOE CBOE GLOBAL MKTS INC 1.3%

Value $5.515M (-14.6%) Shares 22,728 (-1.0%) Est. Cost $163.05 Unrealized —

LASR NLIGHT INC 2.8%

Value $11.56M (-6.6%) Shares 166,098 (-23.5%) Est. Cost $14.58 Unrealized —

AMZN AMAZON COM INC 1.7%

Value $6.878M (+13.1%) Shares 28,857 (-1.2%) Est. Cost $122.40 Unrealized —

GNRC GENERAC HLDGS INC 0.6%

Value $2.33M (+48.1%) Shares 7,956 (-1.2%) Est. Cost $110.27 Unrealized —

NVDA NVIDIA CORPORATION 1.2%

Value $4.988M (+13.4%) Shares 24,927 (-1.1%) Est. Cost $126.71 Unrealized —

MTZ MASTEC INC 3.1%

Value $12.92M (-3.8%) Shares 31,052 (-25.6%) Est. Cost $51.12 Unrealized —

NDAQ NASDAQ INC 1.3%

Value $5.233M (-8.1%) Shares 66,389 (-1.0%) Est. Cost $67.44 Unrealized —

COST COSTCO WHOLESALE CORPORATION 1.4%

Value $5.868M (-7.1%) Shares 6,273 (-1.0%) Est. Cost $447.52 Unrealized —

AMD ADVANCED MICRO DEVICES INC 0.3%

Value $1.073M (+41.8%) Shares 1,847 (-50.3%) Est. Cost $66.01 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 0.7%

Value $2.837M (+9.1%) Shares 32,736 (-1.0%) Est. Cost $75.61 Unrealized —

LEN LENNAR CORP 1.4%

Value $5.692M (+3.1%) Shares 62,900 (-1.1%) Est. Cost $111.53 Unrealized —

QCOM QUALCOMM INC 0.2%

Value $734K (+7.6%) Shares 3,973 (-25.0%) Est. Cost $124.50 Unrealized —

UBER UBER TECHNOLOGIES INC 1.1%

Value $4.703M (-0.9%) Shares 65,169 (-1.2%) Est. Cost $27.99 Unrealized —

ZS ZSCALER INC 0.5%

Value $1.915M (-0.5%) Shares 13,565 (-1.1%) Est. Cost $181.27 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	19,657 (-40.1%)	$22.69M (+104.7%)	5.5%	$121.31	—	COM	595112103
MRVL	MARVELL TECHNOLOGY INC	54,548 (-1.1%)	$16.25M (+197.5%)	4.0%	$69.98	—	COM	573874104
DY	DYCOM INDS INC	32,989 (-1.1%)	$16.68M (+47.5%)	4.1%	$56.48	—	COM	267475101
GEV	GE VERNOVA INC	10,243 (-1.1%)	$12.03M (+33.2%)	2.9%	$158.10	—	COM	36828A101
CRWD	CROWDSTRIKE HLDGS INC	11,225 (-23.0%)	$8.566M (+50.6%)	2.1%	$258.91	—	CL A	22788C105
ALK	ALASKA AIR GROUP INC	162,534 (-1.0%)	$8.484M (+40.5%)	2.1%	$45.76	—	COM	011659109
GVA	GRANITE CONSTR INC	65,390 (-1.7%)	$10.34M (+29.6%)	2.5%	$36.40	—	COM	387328107
VKTX	VIKING THERAPEUTICS INC	381,300 (-1.1%)	$14.87M (+18.6%)	3.6%	$35.61	—	COM	92686J106
AGG	ISHARES TR	19,338 (-52.8%)	$1.914M (-52.9%)	0.5%	$97.26	—	CORE US AGGBD ET	464287226
CME	CME GROUP INC	26,736 (-1.0%)	$5.904M (-26.0%)	1.4%	$180.35	—	COM	12572Q105
ANET	ARISTA NETWORKS INC	42,689 (-1.0%)	$7.252M (+36.9%)	1.8%	$101.35	—	COM SHS	040413205
ICE	INTERCONTINENTAL EXCHANGE IN	44,933 (-1.0%)	$5.532M (-22.5%)	1.3%	$103.55	—	COM	45866F104
SPY	STATE STR SPDR S&P 500 ETF T	13,376 (-1.5%)	$9.989M (+13.1%)	2.4%	$320.89	—	TR UNIT	78462F103
ETN	EATON CORP PLC	17,348 (-1.0%)	$7.392M (+17.9%)	1.8%	$334.40	—	SHS	G29183103
BAC	BANK OF AMER CORP	138,143 (-1.1%)	$7.871M (+15.6%)	1.9%	$32.78	—	COM	060505104
AVGO	BROADCOM INC	16,044 (-1.1%)	$6.061M (+20.7%)	1.5%	$158.01	—	COM	11135F101
CBOE	CBOE GLOBAL MKTS INC	22,728 (-1.0%)	$5.515M (-14.6%)	1.3%	$163.05	—	COM	12503M108
LASR	NLIGHT INC	166,098 (-23.5%)	$11.56M (-6.6%)	2.8%	$14.58	—	COM	65487K100
AMZN	AMAZON COM INC	28,857 (-1.2%)	$6.878M (+13.1%)	1.7%	$122.40	—	COM	023135106
GNRC	GENERAC HLDGS INC	7,956 (-1.2%)	$2.33M (+48.1%)	0.6%	$110.27	—	COM	368736104
NVDA	NVIDIA CORPORATION	24,927 (-1.1%)	$4.988M (+13.4%)	1.2%	$126.71	—	COM	67066G104
MTZ	MASTEC INC	31,052 (-25.6%)	$12.92M (-3.8%)	3.1%	$51.12	—	COM	576323109
NDAQ	NASDAQ INC	66,389 (-1.0%)	$5.233M (-8.1%)	1.3%	$67.44	—	COM	631103108
COST	COSTCO WHOLESALE CORPORATION	6,273 (-1.0%)	$5.868M (-7.1%)	1.4%	$447.52	—	COM	22160K105
AMD	ADVANCED MICRO DEVICES INC	1,847 (-50.3%)	$1.073M (+41.8%)	0.3%	$66.01	—	COM	007903107
CP	CANADIAN PACIFIC KANSAS CITY	32,736 (-1.0%)	$2.837M (+9.1%)	0.7%	$75.61	—	COM	13646K108
LEN	LENNAR CORP	62,900 (-1.1%)	$5.692M (+3.1%)	1.4%	$111.53	—	CL A	526057104
QCOM	QUALCOMM INC	3,973 (-25.0%)	$734K (+7.6%)	0.2%	$124.50	—	COM	747525103
UBER	UBER TECHNOLOGIES INC	65,169 (-1.2%)	$4.703M (-0.9%)	1.1%	$27.99	—	COM	90353T100
ZS	ZSCALER INC	13,565 (-1.1%)	$1.915M (-0.5%)	0.5%	$181.27	—	COM	98980G102

Unchanged Positions (10)

LLY ELI LILLY & CO 2.5%

Value $10.21M Shares 8,516 Est. Cost $822.08 Unrealized —

PCAR PACCAR INC 8.4%

Value $34.67M Shares 288,639 Est. Cost $66.83 Unrealized —

FIX COMFORT SYS USA INC 0.2%

Value $745K Shares 376 Est. Cost $434.87 Unrealized —

NVT NVENT ELEC PLC 0.1%

Value $413K Shares 2,434 Est. Cost $86.47 Unrealized —

MSFT MICROSOFT CORP 1.5%

Value $6.14M Shares 16,460 Est. Cost $57.40 Unrealized —

MRK MERCK & CO INC 0.3%

Value $1.302M Shares 10,130 Est. Cost $61.32 Unrealized —

GOLF ACUSHNET HLDGS CORP 0.1%

Value $313K Shares 2,644 Est. Cost $77.64 Unrealized —

TRGP TARGA RES CORP 0.1%

Value $407K Shares 1,519 Est. Cost $136.82 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value $325K Shares 650 Est. Cost $296.98 Unrealized —

HUBB HUBBELL INC 0.1%

Value $215K Shares 411 Est. Cost $495.33 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	8,516	$10.21M	2.5%	$822.08	—	COM	532457108
PCAR	PACCAR INC	288,639	$34.67M	8.4%	$66.83	—	COM	693718108
FIX	COMFORT SYS USA INC	376	$745K	0.2%	$434.87	—	COM	199908104
NVT	NVENT ELEC PLC	2,434	$413K	0.1%	$86.47	—	SHS	G6700G107
MSFT	MICROSOFT CORP	16,460	$6.14M	1.5%	$57.40	—	COM	594918104
MRK	MERCK & CO INC	10,130	$1.302M	0.3%	$61.32	—	COM	58933Y105
GOLF	ACUSHNET HLDGS CORP	2,644	$313K	0.1%	$77.64	—	COM	005098108
TRGP	TARGA RES CORP	1,519	$407K	0.1%	$136.82	—	COM	87612G101
BRK/B	BERKSHIRE HATHAWAY INC DEL	650	$325K	0.1%	$296.98	—	CL B NEW	084670702
HUBB	HUBBELL INC	411	$215K	0.1%	$495.33	—	COM	443510607