GAM Holding AG Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TTE	TOTALENERGIES SE	194,786	$12,717	0.8%	$63.23	0.0%	ACT	F92124100
EFIV	SPDR SERIES TRUST	151,430	$10,016	0.6%	$66.14	—	STATE STREET SPD	78468R531
VZ	VERIZON COMMUNICATIONS INC	200,857	$8,181	0.5%	$40.48	0.0%	COM	92343V104
USSG	DBX ETF TR	107,600	$6,839	0.4%	$63.56	—	XTRACKERS MSCI	233051150
EXE	EXPAND ENERGY CORPORATION	39,656	$4,376	0.3%	$110.64	0.0%	COM	165167735
AZN	ASTRAZENECA PLC	42,793	$3,934	0.3%	$91.93	—	SPONSORED ADR	046353108
EQT	EQT CORP	64,203	$3,441	0.2%	$56.13	0.0%	COM	26884L109
AVB	AVALONBAY CMNTYS INC	18,726	$3,395	0.2%	$179.77	0.0%	COM	053484101
SNOW	SNOWFLAKE INC	13,553	$2,973	0.2%	$244.09	0.0%	COM SHS	833445109
NSC	NORFOLK SOUTHN CORP	9,000	$2,598	0.2%	$288.62	0.0%	COM	655844108
FAST	FASTENAL CO	58,639	$2,353	0.2%	$42.03	0.0%	COM	311900104
VEGN	ETF SER SOLUTIONS	36,340	$2,208	0.1%	$60.76	—	US VEGAN CLIMATE	26922A297
FERG	FERGUSON ENTERPRISES INC	9,296	$2,070	0.1%	$237.95	0.0%	COMMON STOCK NEW	31488V107
BAP	CREDICORP LTD	6,770	$1,943	0.1%	$264.77	0.0%	COM	G2519Y108
EUFN	ISHARES TR	51,000	$1,891	0.1%	$37.09	—	MSCI EURO FL ETF	464289180
DOW	DOW INC	77,474	$1,811	0.1%	$22.78	0.0%	COM	260557103
AWK	AMERICAN WTR WKS CO INC NEW	13,450	$1,755	0.1%	$133.18	0.0%	COM	030420103
AU	ANGLOGOLD ASHANTI PLC	20,100	$1,738	0.1%	$77.50	0.0%	COM SHS	G0378L100
EQIX	EQUINIX INC	2,207	$1,691	0.1%	$781.19	0.0%	COM	29444U700
IYF	ISHARES TR	11,680	$1,506	0.1%	$128.90	—	U.S. FINLS ETF	464287788
TER	TERADYNE INC	7,210	$1,396	0.1%	$171.50	0.0%	COM	880770102
WIT	WIPRO LTD	380,000	$1,079	0.1%	$2.84	—	SPON ADR 1 SH	97651M109
UAMY	UNITED STATES ANTIMONY CORP	200,000	$1,004	0.1%	$7.85	0.0%	COM	911549103
TIMB	TIM S A	50,000	$973	0.1%	$19.45	—	SPONSORED ADR	88706T108
BHF	BRIGHTHOUSE FINL INC	15,000	$972	0.1%	$58.76	0.0%	COM	10922N103
AMWD	AMERICAN WOODMARK CORPORATIO	16,000	$862	0.1%	$58.56	0.0%	COM	030506109
STAA	STAAR SURGICAL CO	35,800	$827	0.1%	$25.77	0.0%	COM PAR $0.01	852312305
IBKR	INTERACTIVE BROKERS GROUP IN	12,524	$805	0.1%	$66.89	0.0%	COM CL A	45841N107
EME	EMCOR GROUP INC	1,156	$707	0.0%	$647.50	0.0%	COM	29084Q100
VRT	VERTIV HOLDINGS CO	4,291	$695	0.0%	$173.58	0.0%	COM CL A	92537N108
BIOX	BIOCERES CROP SOLUTIONS CORP	500,000	$655	0.0%	$1.60	0.0%	SHS	G1117K114
—	TRUECAR INC	245,000	$554	0.0%	$2.26	—	COM	89785L107
NWSA	NEWS CORP NEW	20,000	$522	0.0%	$26.23	0.0%	CL A	65249B109
FTV	FORTIVE CORP	9,021	$498	0.0%	$51.86	0.0%	COM	34959J108
LEG	LEGGETT & PLATT INC	42,000	$462	0.0%	$9.84	0.0%	COM	524660107
APO	APOLLO GLOBAL MGMT INC	3,136	$454	0.0%	$132.57	0.0%	COM	03769M106
AON	AON PLC	1,278	$451	0.0%	$349.16	0.0%	SHS CL A	G0403H108
MCO	MOODYS CORP	784	$401	0.0%	$487.35	0.0%	COM	615369105
SNPS	SYNOPSYS INC	847	$398	0.0%	$444.23	0.0%	COM	871607107
CTAS	CINTAS CORP	2,060	$387	0.0%	$188.13	0.0%	COM	172908105
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	1,502	$385	0.0%	$249.31	0.0%	COM	874054109
EIS	ISHARES INC	3,350	$368	0.0%	$109.89	—	MSCI ISRAEL ETF	464286632
QCOM	QUALCOMM INC	2,076	$355	0.0%	$170.79	0.0%	COM	747525103
CMG	CHIPOTLE MEXICAN GRILL INC	9,418	$348	0.0%	$36.17	0.0%	COM	169656105
ROST	ROSS STORES INC	1,874	$338	0.0%	$166.60	0.0%	COM	778296103
LPLA	LPL FINL HLDGS INC	937	$335	0.0%	$353.69	0.0%	COM	50212V100
SLB	SLB LIMITED	8,683	$333	0.0%	$36.06	0.0%	COM STK	806857108
SSP	SCRIPPS E W CO OHIO	80,000	$319	0.0%	$2.82	0.0%	CL A NEW	811054402
DKS	DICKS SPORTING GOODS INC	1,582	$313	0.0%	$217.13	0.0%	COM	253393102
REGN	REGENERON PHARMACEUTICALS	386	$298	0.0%	$678.68	0.0%	COM	75886F107
EXPE	EXPEDIA GROUP INC	1,048	$297	0.0%	$246.88	0.0%	COM NEW	30212P303
B	BARRICK MNG CORP	6,600	$288	0.0%	$37.42	0.0%	COM SHS	06849F108
TRP	TC ENERGY CORP	5,200	$287	0.0%	$53.35	0.0%	COM	87807B107
MRVL	MARVELL TECHNOLOGY INC	3,116	$265	0.0%	$87.46	0.0%	COM	573874104
OXY	OCCIDENTAL PETE CORP	6,302	$259	0.0%	$41.55	0.0%	COM	674599105
AXON	AXON ENTERPRISE INC	436	$248	0.0%	$620.52	0.0%	COM	05464C101
HCA	HCA HEALTHCARE INC	521	$243	0.0%	$463.73	0.0%	COM	40412C101
RIO	RIO TINTO PLC	3,000	$240	0.0%	$80.03	—	SPONSORED ADR	767204100
CAH	CARDINAL HEALTH INC	1,159	$238	0.0%	$187.72	0.0%	COM	14149Y108
HWM	HOWMET AEROSPACE INC	1,060	$217	0.0%	$199.00	0.0%	COM	443201108
VLO	VALERO ENERGY CORP	1,310	$213	0.0%	$168.83	0.0%	COM	91913Y100
SOFI	SOFI TECHNOLOGIES INC	7,743	$203	0.0%	$27.87	0.0%	COM	83406F102
ALTI	ALTI GLOBAL INC	25,780	$120	0.0%	$4.13	0.0%	CL A	02157E106

Increased Positions (78)

UBS UBS GROUP AG 3.0%

Value ($000) $47,601 (+33.5%) Shares 1,020,351 (+16.9%) Est. Cost $32.42 Unrealized +24.6%

NFLX NETFLIX INC 0.9%

Value ($000) $13,846 (-37.6%) Shares 147,678 (+697.6%) Est. Cost $97.53 Unrealized +10.5%

AAPL APPLE INC 4.0%

Value ($000) $62,233 (+15.0%) Shares 228,914 (+7.7%) Est. Cost $179.89 Unrealized +49.2%

CSCO CISCO SYS INC 0.5%

Value ($000) $7,459 (+324.2%) Shares 96,834 (+276.8%) Est. Cost $70.32 Unrealized +4.9%

WMT WALMART INC 0.6%

Value ($000) $8,943 (+158.7%) Shares 80,275 (+139.3%) Est. Cost $99.92 Unrealized +7.3%

NOW SERVICENOW INC 0.5%

Value ($000) $7,101 (-38.5%) Shares 46,353 (+269.5%) Est. Cost $157.14 Unrealized +9.2%

MS MORGAN STANLEY 0.3%

Value ($000) $4,639 (+1042.6%) Shares 26,130 (+923.1%) Est. Cost $164.52 Unrealized +1.2%

BAC BANK AMERICA CORP 0.4%

Value ($000) $6,069 (+193.9%) Shares 110,344 (+175.7%) Est. Cost $49.39 Unrealized +6.6%

MRK MERCK & CO INC 0.9%

Value ($000) $13,749 (+33.3%) Shares 130,615 (+6.3%) Est. Cost $75.85 Unrealized +22.9%

AMRZ AMRIZE LTD 1.1%

Value ($000) $17,481 (+22.6%) Shares 317,858 (+7.6%) Est. Cost $51.00 Unrealized +0.1%

XP XP INC 0.3%

Value ($000) $4,070 (+324.7%) Shares 248,615 (+387.5%) Est. Cost $17.67 Unrealized -0.4%

NAK NORTHERN DYNASTY MINERALS LT 0.5%

Value ($000) $7,143 (+71.6%) Shares 3,626,000 (+4.5%) Est. Cost $1.14 Unrealized +68.7%

ABT ABBOTT LABS 0.2%

Value ($000) $3,438 (+639.7%) Shares 27,440 (+690.8%) Est. Cost $125.60 Unrealized +1.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.9%

Value ($000) $13,461 (+28.0%) Shares 44,295 (+17.6%) Est. Cost $175.77 Unrealized —

WFC WELLS FARGO CO NEW 0.8%

Value ($000) $13,122 (+28.8%) Shares 140,792 (+15.8%) Est. Cost $80.14 Unrealized +8.1%

DUK DUKE ENERGY CORP NEW 0.3%

Value ($000) $4,638 (+145.7%) Shares 39,571 (+159.4%) Est. Cost $117.32 Unrealized +3.6%

CAT CATERPILLAR INC 0.5%

Value ($000) $7,969 (+51.3%) Shares 13,910 (+26.0%) Est. Cost $331.03 Unrealized +67.8%

RY ROYAL BK CDA 0.2%

Value ($000) $2,919 (+538.7%) Shares 17,100 (+451.6%) Est. Cost $150.72 Unrealized +1.9%

SN SHARKNINJA INC 0.4%

Value ($000) $5,533 (+73.0%) Shares 49,443 (+59.4%) Est. Cost $83.87 Unrealized +17.5%

AME AMETEK INC 0.3%

Value ($000) $5,395 (+73.7%) Shares 26,276 (+59.0%) Est. Cost $172.98 Unrealized +12.4%

SO SOUTHERN CO 0.3%

Value ($000) $4,747 (+85.8%) Shares 54,433 (+102.0%) Est. Cost $87.55 Unrealized +3.8%

EMR EMERSON ELEC CO 0.6%

Value ($000) $9,747 (+26.8%) Shares 73,439 (+25.3%) Est. Cost $110.59 Unrealized +19.7%

UNP UNION PAC CORP 0.1%

Value ($000) $2,257 (+831.7%) Shares 9,758 (+852.0%) Est. Cost $220.78 Unrealized +3.0%

C CITIGROUP INC 0.2%

Value ($000) $2,386 (+542.8%) Shares 20,446 (+459.1%) Est. Cost $101.93 Unrealized +1.7%

V VISA INC 2.0%

Value ($000) $31,587 (+6.8%) Shares 90,067 (+4.0%) Est. Cost $219.51 Unrealized +55.1%

TD TORONTO DOMINION BK ONT 0.1%

Value ($000) $2,274 (+382.0%) Shares 24,100 (+308.5%) Est. Cost $82.14 Unrealized +2.8%

FOX FOX CORP 0.2%

Value ($000) $3,149 (+119.9%) Shares 48,500 (+94.0%) Est. Cost $54.11 Unrealized +7.9%

SPGI S&P GLOBAL INC 0.3%

Value ($000) $4,699 (+56.4%) Shares 8,991 (+45.6%) Est. Cost $377.75 Unrealized +30.8%

BIDU BAIDU INC 0.2%

Value ($000) $3,370 (+96.0%) Shares 25,791 (+97.7%) Est. Cost $115.78 Unrealized —

GM GENERAL MTRS CO 0.1%

Value ($000) $2,066 (+367.5%) Shares 25,405 (+250.5%) Est. Cost $63.74 Unrealized +10.4%

FCX FREEPORT-MCMORAN INC 0.1%

Value ($000) $2,133 (+262.6%) Shares 42,000 (+180.0%) Est. Cost $43.27 Unrealized +0.1%

F FORD MTR CO 0.1%

Value ($000) $1,920 (+373.9%) Shares 146,335 (+332.0%) Est. Cost $12.48 Unrealized +2.8%

CP CANADIAN PACIFIC KANSAS CITY 0.2%

Value ($000) $3,440 (+75.7%) Shares 46,663 (+77.5%) Est. Cost $75.29 Unrealized -2.2%

COST COSTCO WHSL CORP NEW 0.6%

Value ($000) $10,006 (+16.6%) Shares 11,603 (+25.2%) Est. Cost $752.71 Unrealized +20.3%

CARG CARGURUS INC 0.2%

Value ($000) $3,186 (+69.6%) Shares 83,068 (+64.7%) Est. Cost $34.90 Unrealized +3.3%

WELL WELLTOWER INC 0.1%

Value ($000) $1,648 (+380.1%) Shares 8,879 (+360.8%) Est. Cost $181.47 Unrealized +2.8%

TCOM TRIP COM GROUP LTD 0.1%

Value ($000) $2,303 (+60.1%) Shares 32,024 (+67.4%) Est. Cost $61.86 Unrealized —

GRAB GRAB HOLDINGS LIMITED 0.1%

Value ($000) $1,665 (+99.6%) Shares 333,712 (+140.8%) Est. Cost $5.25 Unrealized +5.2%

SHOP SHOPIFY INC 0.1%

Value ($000) $1,171 (+171.8%) Shares 7,272 (+150.8%) Est. Cost $150.60 Unrealized +6.6%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.4%

Value ($000) $6,399 (+11.8%) Shares 12,731 (+11.9%) Est. Cost $480.48 Unrealized +3.5%

VST VISTRA CORP 0.1%

Value ($000) $898 (+291.8%) Shares 5,567 (+375.8%) Est. Cost $185.23 Unrealized -1.8%

BBAR BANCO BBVA ARGENTINA S A 0.1%

Value ($000) $892 (+270.2%) Shares 49,361 (+70.5%) Est. Cost $17.13 Unrealized —

PWR QUANTA SVCS INC 0.1%

Value ($000) $973 (+146.6%) Shares 2,305 (+142.1%) Est. Cost $418.30 Unrealized +5.0%

AMX AMERICA MOVIL SAB DE CV 0.1%

Value ($000) $2,196 (+35.6%) Shares 106,249 (+37.8%) Est. Cost $20.91 Unrealized —

ALV AUTOLIV INC 0.1%

Value ($000) $2,223 (+34.5%) Shares 18,731 (+40.0%) Est. Cost $102.21 Unrealized +16.8%

BWA BORGWARNER INC 0.2%

Value ($000) $2,443 (+29.6%) Shares 54,208 (+26.4%) Est. Cost $34.98 Unrealized +24.9%

ETN EATON CORP PLC 0.3%

Value ($000) $5,106 (+12.2%) Shares 16,031 (+31.8%) Est. Cost $273.33 Unrealized +29.7%

AJG GALLAGHER ARTHUR J & CO 0.3%

Value ($000) $5,154 (-9.5%) Shares 19,914 (+8.4%) Est. Cost $256.02 Unrealized +3.2%

PG PROCTER AND GAMBLE CO 1.0%

Value ($000) $15,429 (+3.5%) Shares 107,664 (+11.0%) Est. Cost $163.44 Unrealized -10.0%

LEA LEAR CORP 0.2%

Value ($000) $2,477 (+24.8%) Shares 21,613 (+9.6%) Est. Cost $95.82 Unrealized +10.9%

GS GOLDMAN SACHS GROUP INC 0.2%

Value ($000) $3,092 (+16.4%) Shares 3,518 (+5.5%) Est. Cost $560.56 Unrealized +45.1%

INDA ISHARES TR 0.1%

Value ($000) $1,601 (+30.0%) Shares 29,580 (+25.0%) Est. Cost $52.60 Unrealized —

NET CLOUDFLARE INC 0.0%

Value ($000) $608 (+117.5%) Shares 3,085 (+136.8%) Est. Cost $208.41 Unrealized +1.5%

WYNN WYNN RESORTS LTD 0.4%

Value ($000) $6,447 (+5.2%) Shares 53,580 (+12.1%) Est. Cost $115.99 Unrealized +6.5%

HEPS D MARKET ELECTR SVCS & TRADI 0.1%

Value ($000) $1,116 (+38.3%) Shares 450,000 (+50.0%) Est. Cost $2.62 Unrealized —

MELI MERCADOLIBRE INC 0.4%

Value ($000) $6,929 (+4.4%) Shares 3,440 (+21.1%) Est. Cost $2311.71 Unrealized -9.1%

NTES NETEASE INC 0.1%

Value ($000) $1,500 (+22.8%) Shares 10,903 (+35.6%) Est. Cost $137.49 Unrealized —

IEMG ISHARES INC 0.5%

Value ($000) $8,113 (+3.3%) Shares 120,685 (+1.2%) Est. Cost $60.12 Unrealized —

CRM SALESFORCE INC 0.1%

Value ($000) $2,047 (+14.2%) Shares 7,728 (+2.2%) Est. Cost $298.02 Unrealized -16.7%

CTVA CORTEVA INC 0.1%

Value ($000) $1,227 (+20.2%) Shares 18,309 (+21.3%) Est. Cost $46.90 Unrealized +37.6%

IBN ICICI BANK LIMITED 0.2%

Value ($000) $3,008 (+6.0%) Shares 100,950 (+7.5%) Est. Cost $28.27 Unrealized —

TW TRADEWEB MKTS INC 0.1%

Value ($000) $1,017 (+19.1%) Shares 9,454 (+22.9%) Est. Cost $128.16 Unrealized -16.2%

AXP AMERICAN EXPRESS CO 0.0%

Value ($000) $458 (+52.9%) Shares 1,238 (+37.3%) Est. Cost $327.52 Unrealized +9.0%

PEG PUBLIC SVC ENTERPRISE GRP IN 0.1%

Value ($000) $1,755 (+8.4%) Shares 21,852 (+12.6%) Est. Cost $81.00 Unrealized +0.1%

RF REGIONS FINANCIAL CORP NEW 0.1%

Value ($000) $1,853 (+5.3%) Shares 68,388 (+2.5%) Est. Cost $25.53 Unrealized -0.6%

AMGN AMGEN INC 0.0%

Value ($000) $428 (+25.4%) Shares 1,307 (+8.1%) Est. Cost $288.79 Unrealized +9.4%

BRO BROWN & BROWN INC 0.1%

Value ($000) $2,081 (+4.2%) Shares 26,110 (+22.6%) Est. Cost $98.97 Unrealized -15.8%

CNQ CANADIAN NAT RES LTD 0.0%

Value ($000) $370 (+28.2%) Shares 10,900 (+21.1%) Est. Cost $31.51 Unrealized +2.9%

ABBV ABBVIE INC 0.1%

Value ($000) $2,287 (+3.6%) Shares 10,008 (+5.0%) Est. Cost $184.56 Unrealized +23.3%

GEV GE VERNOVA INC 0.0%

Value ($000) $496 (+18.5%) Shares 759 (+11.5%) Est. Cost $605.89 Unrealized +0.5%

BLK BLACKROCK INC 0.0%

Value ($000) $445 (+19.0%) Shares 416 (+29.6%) Est. Cost $968.78 Unrealized +12.5%

TT TRANE TECHNOLOGIES PLC 0.0%

Value ($000) $372 (+23.4%) Shares 955 (+33.8%) Est. Cost $423.32 Unrealized -2.3%

BN BROOKFIELD CORP 0.0%

Value ($000) $384 (-13.8%) Shares 8,350 (+28.5%) Est. Cost $44.50 Unrealized +2.4%

GILD GILEAD SCIENCES INC 0.0%

Value ($000) $368 (+18.9%) Shares 2,996 (+7.5%) Est. Cost $112.89 Unrealized +7.1%

CEG CONSTELLATION ENERGY CORP 0.0%

Value ($000) $326 (+21.2%) Shares 922 (+12.9%) Est. Cost $326.84 Unrealized +11.1%

ANET ARISTA NETWORKS INC 0.0%

Value ($000) $438 (-5.4%) Shares 3,339 (+5.2%) Est. Cost $129.21 Unrealized +6.5%

PFE PFIZER INC 0.0%

Value ($000) $274 (+10.0%) Shares 11,000 (+12.6%) Est. Cost $24.24 Unrealized +3.3%

WMB WILLIAMS COS INC 0.0%

Value ($000) $310 (+2.2%) Shares 5,165 (+7.7%) Est. Cost $57.98 Unrealized +3.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UBS	UBS GROUP AG	1,020,351 (+16.9%)	$47,601 (+33.5%)	3.0%	$32.42	+24.6%	SHS	H42097107
NFLX	NETFLIX INC	147,678 (+697.6%)	$13,846 (-37.6%)	0.9%	$97.53	+10.5%	COM	64110L106
AAPL	APPLE INC	228,914 (+7.7%)	$62,233 (+15.0%)	4.0%	$179.89	+49.2%	COM	037833100
CSCO	CISCO SYS INC	96,834 (+276.8%)	$7,459 (+324.2%)	0.5%	$70.32	+4.9%	COM	17275R102
WMT	WALMART INC	80,275 (+139.3%)	$8,943 (+158.7%)	0.6%	$99.92	+7.3%	COM	931142103
NOW	SERVICENOW INC	46,353 (+269.5%)	$7,101 (-38.5%)	0.5%	$157.14	+9.2%	COM	81762P102
MS	MORGAN STANLEY	26,130 (+923.1%)	$4,639 (+1042.6%)	0.3%	$164.52	+1.2%	COM NEW	617446448
BAC	BANK AMERICA CORP	110,344 (+175.7%)	$6,069 (+193.9%)	0.4%	$49.39	+6.6%	COM	060505104
MRK	MERCK & CO INC	130,615 (+6.3%)	$13,749 (+33.3%)	0.9%	$75.85	+22.9%	COM	58933Y105
AMRZ	AMRIZE LTD	317,858 (+7.6%)	$17,481 (+22.6%)	1.1%	$51.00	+0.1%	SHS	H2927K103
XP	XP INC	248,615 (+387.5%)	$4,070 (+324.7%)	0.3%	$17.67	-0.4%	CL A	G98239109
NAK	NORTHERN DYNASTY MINERALS LT	3,626,000 (+4.5%)	$7,143 (+71.6%)	0.5%	$1.14	+68.7%	COM NEW	66510M204
ABT	ABBOTT LABS	27,440 (+690.8%)	$3,438 (+639.7%)	0.2%	$125.60	+1.4%	COM	002824100
TSM	TAIWAN SEMICONDUCTOR MFG LTD	44,295 (+17.6%)	$13,461 (+28.0%)	0.9%	$175.77	—	SPONSORED ADS	874039100
WFC	WELLS FARGO CO NEW	140,792 (+15.8%)	$13,122 (+28.8%)	0.8%	$80.14	+8.1%	COM	949746101
DUK	DUKE ENERGY CORP NEW	39,571 (+159.4%)	$4,638 (+145.7%)	0.3%	$117.32	+3.6%	COM NEW	26441C204
CAT	CATERPILLAR INC	13,910 (+26.0%)	$7,969 (+51.3%)	0.5%	$331.03	+67.8%	COM	149123101
RY	ROYAL BK CDA	17,100 (+451.6%)	$2,919 (+538.7%)	0.2%	$150.72	+1.9%	COM	780087102
SN	SHARKNINJA INC	49,443 (+59.4%)	$5,533 (+73.0%)	0.4%	$83.87	+17.5%	COM SHS	G8068L108
AME	AMETEK INC	26,276 (+59.0%)	$5,395 (+73.7%)	0.3%	$172.98	+12.4%	COM	031100100
SO	SOUTHERN CO	54,433 (+102.0%)	$4,747 (+85.8%)	0.3%	$87.55	+3.8%	COM	842587107
EMR	EMERSON ELEC CO	73,439 (+25.3%)	$9,747 (+26.8%)	0.6%	$110.59	+19.7%	COM	291011104
UNP	UNION PAC CORP	9,758 (+852.0%)	$2,257 (+831.7%)	0.1%	$220.78	+3.0%	COM	907818108
C	CITIGROUP INC	20,446 (+459.1%)	$2,386 (+542.8%)	0.2%	$101.93	+1.7%	COM NEW	172967424
V	VISA INC	90,067 (+4.0%)	$31,587 (+6.8%)	2.0%	$219.51	+55.1%	COM CL A	92826C839
TD	TORONTO DOMINION BK ONT	24,100 (+308.5%)	$2,274 (+382.0%)	0.1%	$82.14	+2.8%	COM NEW	891160509
FOX	FOX CORP	48,500 (+94.0%)	$3,149 (+119.9%)	0.2%	$54.11	+7.9%	CL B COM	35137L204
SPGI	S&P GLOBAL INC	8,991 (+45.6%)	$4,699 (+56.4%)	0.3%	$377.75	+30.8%	COM	78409V104
BIDU	BAIDU INC	25,791 (+97.7%)	$3,370 (+96.0%)	0.2%	$115.78	—	SPON ADR REP A	056752108
GM	GENERAL MTRS CO	25,405 (+250.5%)	$2,066 (+367.5%)	0.1%	$63.74	+10.4%	COM	37045V100
FCX	FREEPORT-MCMORAN INC	42,000 (+180.0%)	$2,133 (+262.6%)	0.1%	$43.27	+0.1%	CL B	35671D857
F	FORD MTR CO	146,335 (+332.0%)	$1,920 (+373.9%)	0.1%	$12.48	+2.8%	COM	345370860
CP	CANADIAN PACIFIC KANSAS CITY	46,663 (+77.5%)	$3,440 (+75.7%)	0.2%	$75.29	-2.2%	COM	13646K108
COST	COSTCO WHSL CORP NEW	11,603 (+25.2%)	$10,006 (+16.6%)	0.6%	$752.71	+20.3%	COM	22160K105
CARG	CARGURUS INC	83,068 (+64.7%)	$3,186 (+69.6%)	0.2%	$34.90	+3.3%	COM CL A	141788109
WELL	WELLTOWER INC	8,879 (+360.8%)	$1,648 (+380.1%)	0.1%	$181.47	+2.8%	COM	95040Q104
TCOM	TRIP COM GROUP LTD	32,024 (+67.4%)	$2,303 (+60.1%)	0.1%	$61.86	—	ADS	89677Q107
GRAB	GRAB HOLDINGS LIMITED	333,712 (+140.8%)	$1,665 (+99.6%)	0.1%	$5.25	+5.2%	CLASS A ORD	G4124C109
SHOP	SHOPIFY INC	7,272 (+150.8%)	$1,171 (+171.8%)	0.1%	$150.60	+6.6%	CL A SUB VTG SHS	82509L107
BRK/B	BERKSHIRE HATHAWAY INC DEL	12,731 (+11.9%)	$6,399 (+11.8%)	0.4%	$480.48	+3.5%	CL B NEW	084670702
VST	VISTRA CORP	5,567 (+375.8%)	$898 (+291.8%)	0.1%	$185.23	-1.8%	COM	92840M102
BBAR	BANCO BBVA ARGENTINA S A	49,361 (+70.5%)	$892 (+270.2%)	0.1%	$17.13	—	SPONSORED ADS	058934100
PWR	QUANTA SVCS INC	2,305 (+142.1%)	$973 (+146.6%)	0.1%	$418.30	+5.0%	COM	74762E102
AMX	AMERICA MOVIL SAB DE CV	106,249 (+37.8%)	$2,196 (+35.6%)	0.1%	$20.91	—	SPON ADS RP CL B	02390A101
ALV	AUTOLIV INC	18,731 (+40.0%)	$2,223 (+34.5%)	0.1%	$102.21	+16.8%	COM	052800109
BWA	BORGWARNER INC	54,208 (+26.4%)	$2,443 (+29.6%)	0.2%	$34.98	+24.9%	COM	099724106
ETN	EATON CORP PLC	16,031 (+31.8%)	$5,106 (+12.2%)	0.3%	$273.33	+29.7%	SHS	G29183103
AJG	GALLAGHER ARTHUR J & CO	19,914 (+8.4%)	$5,154 (-9.5%)	0.3%	$256.02	+3.2%	COM	363576109
PG	PROCTER AND GAMBLE CO	107,664 (+11.0%)	$15,429 (+3.5%)	1.0%	$163.44	-10.0%	COM	742718109
LEA	LEAR CORP	21,613 (+9.6%)	$2,477 (+24.8%)	0.2%	$95.82	+10.9%	COM NEW	521865204
GS	GOLDMAN SACHS GROUP INC	3,518 (+5.5%)	$3,092 (+16.4%)	0.2%	$560.56	+45.1%	COM	38141G104
INDA	ISHARES TR	29,580 (+25.0%)	$1,601 (+30.0%)	0.1%	$52.60	—	MSCI INDIA ETF	46429B598
NET	CLOUDFLARE INC	3,085 (+136.8%)	$608 (+117.5%)	0.0%	$208.41	+1.5%	CL A COM	18915M107
WYNN	WYNN RESORTS LTD	53,580 (+12.1%)	$6,447 (+5.2%)	0.4%	$115.99	+6.5%	COM	983134107
HEPS	D MARKET ELECTR SVCS & TRADI	450,000 (+50.0%)	$1,116 (+38.3%)	0.1%	$2.62	—	SPONSORED ADS	23292B104
MELI	MERCADOLIBRE INC	3,440 (+21.1%)	$6,929 (+4.4%)	0.4%	$2311.71	-9.1%	COM	58733R102
NTES	NETEASE INC	10,903 (+35.6%)	$1,500 (+22.8%)	0.1%	$137.49	—	SPONSORED ADS	64110W102
IEMG	ISHARES INC	120,685 (+1.2%)	$8,113 (+3.3%)	0.5%	$60.12	—	CORE MSCI EMKT	46434G103
CRM	SALESFORCE INC	7,728 (+2.2%)	$2,047 (+14.2%)	0.1%	$298.02	-16.7%	COM	79466L302
CTVA	CORTEVA INC	18,309 (+21.3%)	$1,227 (+20.2%)	0.1%	$46.90	+37.6%	COM	22052L104
IBN	ICICI BANK LIMITED	100,950 (+7.5%)	$3,008 (+6.0%)	0.2%	$28.27	—	ADR	45104G104
TW	TRADEWEB MKTS INC	9,454 (+22.9%)	$1,017 (+19.1%)	0.1%	$128.16	-16.2%	CL A	892672106
AXP	AMERICAN EXPRESS CO	1,238 (+37.3%)	$458 (+52.9%)	0.0%	$327.52	+9.0%	COM	025816109
PEG	PUBLIC SVC ENTERPRISE GRP IN	21,852 (+12.6%)	$1,755 (+8.4%)	0.1%	$81.00	+0.1%	COM	744573106
RF	REGIONS FINANCIAL CORP NEW	68,388 (+2.5%)	$1,853 (+5.3%)	0.1%	$25.53	-0.6%	COM	7591EP100
AMGN	AMGEN INC	1,307 (+8.1%)	$428 (+25.4%)	0.0%	$288.79	+9.4%	COM	031162100
BRO	BROWN & BROWN INC	26,110 (+22.6%)	$2,081 (+4.2%)	0.1%	$98.97	-15.8%	COM	115236101
CNQ	CANADIAN NAT RES LTD	10,900 (+21.1%)	$370 (+28.2%)	0.0%	$31.51	+2.9%	COM	136385101
ABBV	ABBVIE INC	10,008 (+5.0%)	$2,287 (+3.6%)	0.1%	$184.56	+23.3%	COM	00287Y109
GEV	GE VERNOVA INC	759 (+11.5%)	$496 (+18.5%)	0.0%	$605.89	+0.5%	COM	36828A101
BLK	BLACKROCK INC	416 (+29.6%)	$445 (+19.0%)	0.0%	$968.78	+12.5%	COM	09290D101
TT	TRANE TECHNOLOGIES PLC	955 (+33.8%)	$372 (+23.4%)	0.0%	$423.32	-2.3%	SHS	G8994E103
BN	BROOKFIELD CORP	8,350 (+28.5%)	$384 (-13.8%)	0.0%	$44.50	+2.4%	CL A LTD VT SH	11271J107
GILD	GILEAD SCIENCES INC	2,996 (+7.5%)	$368 (+18.9%)	0.0%	$112.89	+7.1%	COM	375558103
CEG	CONSTELLATION ENERGY CORP	922 (+12.9%)	$326 (+21.2%)	0.0%	$326.84	+11.1%	COM	21037T109
ANET	ARISTA NETWORKS INC	3,339 (+5.2%)	$438 (-5.4%)	0.0%	$129.21	+6.5%	COM SHS	040413205
PFE	PFIZER INC	11,000 (+12.6%)	$274 (+10.0%)	0.0%	$24.24	+3.3%	COM	717081103
WMB	WILLIAMS COS INC	5,165 (+7.7%)	$310 (+2.2%)	0.0%	$57.98	+3.6%	COM	969457100

Exited Positions (59)

LRCX LAM RESEARCH CORP 1.0%

Value ($000) $16,126 Shares 120,436 Est. Cost $76.54 Unrealized +103.0%

MGM MGM RESORTS INTERNATIONAL 0.4%

Value ($000) $5,546 Shares 160,000 Est. Cost $36.70 Unrealized -7.5%

BZ KANZHUN LIMITED 0.3%

Value ($000) $5,459 Shares 233,677 Est. Cost $18.52 Unrealized —

ARM ARM HOLDINGS PLC 0.3%

Value ($000) $4,714 Shares 33,314 Est. Cost $150.34 Unrealized —

AFL AFLAC INC 0.3%

Value ($000) $4,213 Shares 37,720 Est. Cost $43.56 Unrealized +152.2%

MSCI MSCI INC 0.2%

Value ($000) $2,764 Shares 4,872 Est. Cost $574.91 Unrealized -2.6%

VRSK VERISK ANALYTICS INC 0.1%

Value ($000) $2,307 Shares 9,173 Est. Cost $195.93 Unrealized +15.0%

— WNS HLDGS LTD 0.1%

Value ($000) $2,288 Shares 30,000 Est. Cost $61.78 Unrealized —

LNT ALLIANT ENERGY CORP 0.1%

Value ($000) $2,283 Shares 33,868 Est. Cost $63.88 Unrealized +4.6%

PPG PPG INDS INC 0.1%

Value ($000) $2,237 Shares 21,281 Est. Cost $115.25 Unrealized -13.1%

ESS ESSEX PPTY TR INC 0.1%

Value ($000) $2,146 Shares 8,019 Est. Cost $265.10 Unrealized -3.3%

NOC NORTHROP GRUMMAN CORP 0.1%

Value ($000) $1,973 Shares 3,238 Est. Cost $493.04 Unrealized +17.4%

FTNT FORTINET INC 0.1%

Value ($000) $1,864 Shares 22,174 Est. Cost $69.49 Unrealized +19.4%

EFX EQUIFAX INC 0.1%

Value ($000) $1,808 Shares 7,046 Est. Cost $250.41 Unrealized -12.7%

FWONA LIBERTY MEDIA CORP DEL 0.1%

Value ($000) $1,608 Shares 16,888 Est. Cost $95.22 Unrealized —

IR INGERSOLL RAND INC 0.1%

Value ($000) $1,483 Shares 17,949 Est. Cost $71.17 Unrealized +10.9%

GOOS CANADA GOOSE HLDGS INC 0.1%

Value ($000) $1,379 Shares 100,000 Est. Cost $9.69 Unrealized +37.3%

CPAY CORPAY INC 0.1%

Value ($000) $1,321 Shares 4,585 Est. Cost $353.84 Unrealized -18.0%

DRI DARDEN RESTAURANTS INC 0.1%

Value ($000) $1,303 Shares 6,844 Est. Cost $147.01 Unrealized +23.9%

DUOL DUOLINGO INC 0.1%

Value ($000) $1,158 Shares 3,599 Est. Cost $386.22 Unrealized -39.0%

CPRT COPART INC 0.1%

Value ($000) $1,146 Shares 25,477 Est. Cost $48.75 Unrealized -15.0%

QQQ INVESCO QQQ TR 0.1%

Value ($000) $841 Shares 1,400 Est. Cost $600.37 Unrealized —

BAH BOOZ ALLEN HAMILTON HLDG COR 0.1%

Value ($000) $814 Shares 8,148 Est. Cost $90.88 Unrealized -2.6%

DXCM DEXCOM INC 0.0%

Value ($000) $681 Shares 10,121 Est. Cost $108.93 Unrealized -40.6%

VSTS VESTIS CORPORATION 0.0%

Value ($000) $634 Shares 140,000 Est. Cost $7.02 Unrealized -16.9%

— MR COOPER GROUP INC 0.0%

Value ($000) $632 Shares 3,000 Est. Cost $210.79 Unrealized —

LNTH LANTHEUS HLDGS INC 0.0%

Value ($000) $626 Shares 12,213 Est. Cost $93.49 Unrealized -37.8%

MNDY MONDAY COM LTD 0.0%

Value ($000) $575 Shares 2,969 Est. Cost $278.41 Unrealized -39.5%

EXR EXTRA SPACE STORAGE INC 0.0%

Value ($000) $458 Shares 3,249 Est. Cost $140.62 Unrealized -4.0%

NI NISOURCE INC 0.0%

Value ($000) $451 Shares 10,416 Est. Cost $41.04 Unrealized +3.9%

MRSH MARSH & MCLENNAN COS INC 0.0%

Value ($000) $446 Shares 2,212 Est. Cost $204.01 Unrealized -8.6%

SHW SHERWIN WILLIAMS CO 0.0%

Value ($000) $431 Shares 1,246 Est. Cost $351.39 Unrealized -4.9%

TMQ TRILOGY METALS INC NEW 0.0%

Value ($000) $420 Shares 200,000 Est. Cost $1.78 Unrealized +164.7%

HUBB HUBBELL INC 0.0%

Value ($000) $400 Shares 929 Est. Cost $428.19 Unrealized +2.1%

CL COLGATE PALMOLIVE CO 0.0%

Value ($000) $390 Shares 4,884 Est. Cost $84.64 Unrealized -7.5%

NEM NEWMONT CORP 0.0%

Value ($000) $390 Shares 4,623 Est. Cost $69.39 Unrealized +30.0%

T AT&T INC 0.0%

Value ($000) $376 Shares 13,324 Est. Cost $26.96 Unrealized -6.2%

LEN LENNAR CORP 0.0%

Value ($000) $374 Shares 2,970 Est. Cost $123.58 Unrealized -2.3%

OTIS OTIS WORLDWIDE CORP 0.0%

Value ($000) $366 Shares 4,000 Est. Cost $90.13 Unrealized -1.0%

DASH DOORDASH INC 0.0%

Value ($000) $350 Shares 1,285 Est. Cost $250.83 Unrealized -6.5%

BX BLACKSTONE INC 0.0%

Value ($000) $349 Shares 2,042 Est. Cost $169.47 Unrealized -10.6%

ODFL OLD DOMINION FREIGHT LINE IN 0.0%

Value ($000) $347 Shares 2,463 Est. Cost $152.59 Unrealized -6.2%

HOOD ROBINHOOD MKTS INC 0.0%

Value ($000) $340 Shares 2,378 Est. Cost $109.05 Unrealized +19.3%

HAL HALLIBURTON CO 0.0%

Value ($000) $325 Shares 13,218 Est. Cost $21.87 Unrealized +20.2%

YPF YPF SOCIEDAD ANONIMA 0.0%

Value ($000) $316 Shares 13,000 Est. Cost $24.29 Unrealized —

WAB WABTEC 0.0%

Value ($000) $312 Shares 1,558 Est. Cost $197.00 Unrealized +4.2%

RIVN RIVIAN AUTOMOTIVE INC 0.0%

Value ($000) $304 Shares 20,741 Est. Cost $13.40 Unrealized +18.5%

CME CME GROUP INC 0.0%

Value ($000) $303 Shares 1,121 Est. Cost $269.86 Unrealized +0.3%

ICE INTERCONTINENTAL EXCHANGE IN 0.0%

Value ($000) $301 Shares 1,788 Est. Cost $177.73 Unrealized -12.1%

RJF RAYMOND JAMES FINL INC 0.0%

Value ($000) $297 Shares 1,722 Est. Cost $164.67 Unrealized -2.3%

JCI JOHNSON CTLS INTL PLC 0.0%

Value ($000) $293 Shares 2,666 Est. Cost $106.86 Unrealized +7.4%

MMM 3M CO 0.0%

Value ($000) $287 Shares 1,847 Est. Cost $153.11 Unrealized +6.6%

GGAL GRUPO FINANCIERO GALICIA S.A 0.0%

Value ($000) $276 Shares 10,000 Est. Cost $27.56 Unrealized —

CMCSA COMCAST CORP NEW 0.0%

Value ($000) $270 Shares 8,587 Est. Cost $33.16 Unrealized -14.0%

BKR BAKER HUGHES COMPANY 0.0%

Value ($000) $250 Shares 5,137 Est. Cost $43.83 Unrealized +8.0%

SUPV GRUPO SUPERVIELLE S.A. 0.0%

Value ($000) $248 Shares 50,000 Est. Cost $4.95 Unrealized —

MSTR STRATEGY INC 0.0%

Value ($000) $209 Shares 650 Est. Cost $364.78 Unrealized -36.9%

ALL ALLSTATE CORP 0.0%

Value ($000) $209 Shares 974 Est. Cost $200.20 Unrealized +1.9%

GETY GETTY IMAGES HOLDINGS INC 0.0%

Value ($000) $149 Shares 75,000 Est. Cost $1.76 Unrealized -2.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LRCX	LAM RESEARCH CORP	120,436	$16,126	1.0%	$76.54	+103.0%	—	512807306
MGM	MGM RESORTS INTERNATIONAL	160,000	$5,546	0.4%	$36.70	-7.5%	—	552953101
BZ	KANZHUN LIMITED	233,677	$5,459	0.3%	$18.52	—	—	48553T106
ARM	ARM HOLDINGS PLC	33,314	$4,714	0.3%	$150.34	—	—	042068205
AFL	AFLAC INC	37,720	$4,213	0.3%	$43.56	+152.2%	—	001055102
MSCI	MSCI INC	4,872	$2,764	0.2%	$574.91	-2.6%	—	55354G100
VRSK	VERISK ANALYTICS INC	9,173	$2,307	0.1%	$195.93	+15.0%	—	92345Y106
—	WNS HLDGS LTD	30,000	$2,288	0.1%	$61.78	—	—	G98196101
LNT	ALLIANT ENERGY CORP	33,868	$2,283	0.1%	$63.88	+4.6%	—	018802108
PPG	PPG INDS INC	21,281	$2,237	0.1%	$115.25	-13.1%	—	693506107
ESS	ESSEX PPTY TR INC	8,019	$2,146	0.1%	$265.10	-3.3%	—	297178105
NOC	NORTHROP GRUMMAN CORP	3,238	$1,973	0.1%	$493.04	+17.4%	—	666807102
FTNT	FORTINET INC	22,174	$1,864	0.1%	$69.49	+19.4%	—	34959E109
EFX	EQUIFAX INC	7,046	$1,808	0.1%	$250.41	-12.7%	—	294429105
FWONA	LIBERTY MEDIA CORP DEL	16,888	$1,608	0.1%	$95.22	—	—	531229771
IR	INGERSOLL RAND INC	17,949	$1,483	0.1%	$71.17	+10.9%	—	45687V106
GOOS	CANADA GOOSE HLDGS INC	100,000	$1,379	0.1%	$9.69	+37.3%	—	135086106
CPAY	CORPAY INC	4,585	$1,321	0.1%	$353.84	-18.0%	—	219948106
DRI	DARDEN RESTAURANTS INC	6,844	$1,303	0.1%	$147.01	+23.9%	—	237194105
DUOL	DUOLINGO INC	3,599	$1,158	0.1%	$386.22	-39.0%	—	26603R106
CPRT	COPART INC	25,477	$1,146	0.1%	$48.75	-15.0%	—	217204106
QQQ	INVESCO QQQ TR	1,400	$841	0.1%	$600.37	—	—	46090E103
BAH	BOOZ ALLEN HAMILTON HLDG COR	8,148	$814	0.1%	$90.88	-2.6%	—	099502106
DXCM	DEXCOM INC	10,121	$681	0.0%	$108.93	-40.6%	—	252131107
VSTS	VESTIS CORPORATION	140,000	$634	0.0%	$7.02	-16.9%	—	29430C102
—	MR COOPER GROUP INC	3,000	$632	0.0%	$210.79	—	—	62482R107
LNTH	LANTHEUS HLDGS INC	12,213	$626	0.0%	$93.49	-37.8%	—	516544103
MNDY	MONDAY COM LTD	2,969	$575	0.0%	$278.41	-39.5%	—	M7S64H106
EXR	EXTRA SPACE STORAGE INC	3,249	$458	0.0%	$140.62	-4.0%	—	30225T102
NI	NISOURCE INC	10,416	$451	0.0%	$41.04	+3.9%	—	65473P105
MRSH	MARSH & MCLENNAN COS INC	2,212	$446	0.0%	$204.01	-8.6%	—	571748102
SHW	SHERWIN WILLIAMS CO	1,246	$431	0.0%	$351.39	-4.9%	—	824348106
TMQ	TRILOGY METALS INC NEW	200,000	$420	0.0%	$1.78	+164.7%	—	89621C105
HUBB	HUBBELL INC	929	$400	0.0%	$428.19	+2.1%	—	443510607
CL	COLGATE PALMOLIVE CO	4,884	$390	0.0%	$84.64	-7.5%	—	194162103
NEM	NEWMONT CORP	4,623	$390	0.0%	$69.39	+30.0%	—	651639106
T	AT&T INC	13,324	$376	0.0%	$26.96	-6.2%	—	00206R102
LEN	LENNAR CORP	2,970	$374	0.0%	$123.58	-2.3%	—	526057104
OTIS	OTIS WORLDWIDE CORP	4,000	$366	0.0%	$90.13	-1.0%	—	68902V107
DASH	DOORDASH INC	1,285	$350	0.0%	$250.83	-6.5%	—	25809K105
BX	BLACKSTONE INC	2,042	$349	0.0%	$169.47	-10.6%	—	09260D107
ODFL	OLD DOMINION FREIGHT LINE IN	2,463	$347	0.0%	$152.59	-6.2%	—	679580100
HOOD	ROBINHOOD MKTS INC	2,378	$340	0.0%	$109.05	+19.3%	—	770700102
HAL	HALLIBURTON CO	13,218	$325	0.0%	$21.87	+20.2%	—	406216101
YPF	YPF SOCIEDAD ANONIMA	13,000	$316	0.0%	$24.29	—	—	984245100
WAB	WABTEC	1,558	$312	0.0%	$197.00	+4.2%	—	929740108
RIVN	RIVIAN AUTOMOTIVE INC	20,741	$304	0.0%	$13.40	+18.5%	—	76954A103
CME	CME GROUP INC	1,121	$303	0.0%	$269.86	+0.3%	—	12572Q105
ICE	INTERCONTINENTAL EXCHANGE IN	1,788	$301	0.0%	$177.73	-12.1%	—	45866F104
RJF	RAYMOND JAMES FINL INC	1,722	$297	0.0%	$164.67	-2.3%	—	754730109
JCI	JOHNSON CTLS INTL PLC	2,666	$293	0.0%	$106.86	+7.4%	—	G51502105
MMM	3M CO	1,847	$287	0.0%	$153.11	+6.6%	—	88579Y101
GGAL	GRUPO FINANCIERO GALICIA S.A	10,000	$276	0.0%	$27.56	—	—	399909100
CMCSA	COMCAST CORP NEW	8,587	$270	0.0%	$33.16	-14.0%	—	20030N101
BKR	BAKER HUGHES COMPANY	5,137	$250	0.0%	$43.83	+8.0%	—	05722G100
SUPV	GRUPO SUPERVIELLE S.A.	50,000	$248	0.0%	$4.95	—	—	40054A108
MSTR	STRATEGY INC	650	$209	0.0%	$364.78	-36.9%	—	594972408
ALL	ALLSTATE CORP	974	$209	0.0%	$200.20	+1.9%	—	020002101
GETY	GETTY IMAGES HOLDINGS INC	75,000	$149	0.0%	$1.76	-2.4%	—	374275105

Decreased Positions (121)

ORCL ORACLE CORP 0.9%

Value ($000) $13,514 (-44.2%) Shares 69,336 (-19.4%) Est. Cost $87.37 Unrealized +172.5%

MSFT MICROSOFT CORP 5.2%

Value ($000) $82,155 (-10.7%) Shares 169,875 (-4.3%) Est. Cost $202.18 Unrealized +147.6%

UBER UBER TECHNOLOGIES INC 0.3%

Value ($000) $4,031 (-69.2%) Shares 49,337 (-63.0%) Est. Cost $61.02 Unrealized +47.6%

NVDA NVIDIA CORPORATION 4.9%

Value ($000) $76,798 (-10.0%) Shares 411,783 (-10.0%) Est. Cost $105.20 Unrealized +76.9%

RACE FERRARI N V 0.8%

Value ($000) $13,166 (-34.8%) Shares 35,175 (-15.8%) Est. Cost $464.62 Unrealized -13.9%

FISV FISERV INC 0.3%

Value ($000) $5,408 (-55.7%) Shares 80,513 (-15.0%) Est. Cost $121.27 Unrealized -30.8%

EA ELECTRONIC ARTS INC 0.0%

Value ($000) $348 (-95.0%) Shares 1,705 (-95.0%) Est. Cost $131.34 Unrealized +53.6%

META META PLATFORMS INC 2.8%

Value ($000) $44,391 (-12.5%) Shares 67,250 (-2.7%) Est. Cost $322.52 Unrealized +106.9%

LLY ELI LILLY & CO 1.4%

Value ($000) $21,710 (+38.6%) Shares 20,201 (-1.6%) Est. Cost $705.03 Unrealized +35.5%

FUTU FUTU HLDGS LTD 0.2%

Value ($000) $3,448 (-61.7%) Shares 21,000 (-59.5%) Est. Cost $137.23 Unrealized —

MSI MOTOROLA SOLUTIONS INC 0.1%

Value ($000) $2,316 (-70.2%) Shares 6,043 (-64.5%) Est. Cost $386.48 Unrealized +3.7%

TEL TE CONNECTIVITY PLC 0.3%

Value ($000) $5,051 (-50.9%) Shares 22,201 (-52.6%) Est. Cost $146.82 Unrealized +57.5%

YMM FULL TRUCK ALLIANCE CO LTD 0.2%

Value ($000) $3,258 (-60.8%) Shares 303,655 (-52.6%) Est. Cost $9.97 Unrealized —

LOGI LOGITECH INTL S A 0.9%

Value ($000) $14,489 (-23.3%) Shares 140,780 (-18.7%) Est. Cost $79.98 Unrealized +40.5%

AMAT APPLIED MATLS INC 0.7%

Value ($000) $10,839 (-27.1%) Shares 42,176 (-41.9%) Est. Cost $154.18 Unrealized +55.3%

COP CONOCOPHILLIPS 0.3%

Value ($000) $4,111 (-49.2%) Shares 43,914 (-48.6%) Est. Cost $87.51 Unrealized +2.9%

UNH UNITEDHEALTH GROUP INC 0.5%

Value ($000) $8,334 (-32.0%) Shares 25,245 (-28.9%) Est. Cost $417.49 Unrealized -19.2%

BMY BRISTOL-MYERS SQUIBB CO 0.3%

Value ($000) $4,687 (-43.1%) Shares 86,896 (-52.5%) Est. Cost $46.60 Unrealized +2.0%

PDD PDD HOLDINGS INC 0.2%

Value ($000) $2,517 (-58.3%) Shares 22,196 (-51.4%) Est. Cost $114.59 Unrealized —

GE GE AEROSPACE 0.4%

Value ($000) $6,225 (-35.7%) Shares 20,210 (-37.2%) Est. Cost $199.71 Unrealized +50.6%

ADBE ADOBE INC 0.4%

Value ($000) $6,974 (-33.0%) Shares 19,927 (-32.5%) Est. Cost $452.04 Unrealized -24.8%

GOOGL ALPHABET INC 5.1%

Value ($000) $79,728 (+4.5%) Shares 254,721 (-18.8%) Est. Cost $113.34 Unrealized +152.0%

RCL ROYAL CARIBBEAN GROUP 0.6%

Value ($000) $10,002 (-24.7%) Shares 35,860 (-12.6%) Est. Cost $251.58 Unrealized +11.9%

TME TENCENT MUSIC ENTMT GROUP 0.1%

Value ($000) $947 (-77.0%) Shares 54,000 (-69.3%) Est. Cost $19.49 Unrealized —

HON HONEYWELL INTL INC 0.0%

Value ($000) $398 (-88.8%) Shares 2,039 (-87.9%) Est. Cost $169.84 Unrealized +14.8%

APH AMPHENOL CORP NEW 0.4%

Value ($000) $6,213 (-29.1%) Shares 45,975 (-35.1%) Est. Cost $65.07 Unrealized +105.2%

ISRG INTUITIVE SURGICAL INC 0.3%

Value ($000) $4,844 (-33.8%) Shares 8,552 (-47.7%) Est. Cost $302.88 Unrealized +75.8%

RNW RENEW ENERGY GLOBAL PLC 0.0%

Value ($000) $565 (-80.2%) Shares 100,000 (-73.0%) Est. Cost $7.02 Unrealized +3.0%

TPR TAPESTRY INC 0.8%

Value ($000) $12,291 (-13.8%) Shares 96,200 (-23.6%) Est. Cost $53.51 Unrealized +113.1%

ONON ON HLDG AG 0.2%

Value ($000) $2,598 (-41.0%) Shares 55,900 (-46.3%) Est. Cost $30.56 Unrealized +41.0%

OSW ONESPAWORLD HOLDINGS LIMITED 0.4%

Value ($000) $6,882 (-19.6%) Shares 331,800 (-18.0%) Est. Cost $13.78 Unrealized +51.7%

ATAT ATOUR LIFESTYLE HLDGS LTD 0.2%

Value ($000) $2,364 (-41.1%) Shares 60,000 (-43.8%) Est. Cost $28.83 Unrealized —

GOOG ALPHABET INC 0.5%

Value ($000) $8,105 (+25.1%) Shares 25,830 (-2.9%) Est. Cost $182.52 Unrealized +56.9%

BWXT BWX TECHNOLOGIES INC 0.1%

Value ($000) $2,093 (-43.2%) Shares 12,107 (-39.4%) Est. Cost $70.10 Unrealized +167.4%

INTU INTUIT 0.5%

Value ($000) $8,547 (-15.4%) Shares 12,902 (-12.8%) Est. Cost $626.67 Unrealized +5.4%

PSA PUBLIC STORAGE OPER CO 0.4%

Value ($000) $5,884 (-20.9%) Shares 22,675 (-11.9%) Est. Cost $254.31 Unrealized +9.0%

COTY COTY INC 0.1%

Value ($000) $1,093 (-58.4%) Shares 355,000 (-45.4%) Est. Cost $4.76 Unrealized -23.6%

RSG REPUBLIC SVCS INC 0.1%

Value ($000) $1,568 (-48.8%) Shares 7,400 (-44.6%) Est. Cost $146.37 Unrealized +46.6%

SBUX STARBUCKS CORP 0.0%

Value ($000) $330 (-81.8%) Shares 3,916 (-81.7%) Est. Cost $88.57 Unrealized -5.1%

APTV APTIV PLC 0.1%

Value ($000) $1,201 (-55.0%) Shares 15,779 (-49.0%) Est. Cost $70.99 Unrealized +13.1%

LOW LOWES COS INC 0.0%

Value ($000) $464 (-75.8%) Shares 1,926 (-74.8%) Est. Cost $244.20 Unrealized -1.8%

MCD MCDONALDS CORP 0.0%

Value ($000) $425 (-77.1%) Shares 1,392 (-77.2%) Est. Cost $301.40 Unrealized +1.2%

TXN TEXAS INSTRS INC 0.0%

Value ($000) $439 (-76.0%) Shares 2,530 (-74.6%) Est. Cost $144.99 Unrealized +17.8%

CVX CHEVRON CORP NEW 0.0%

Value ($000) $432 (-76.2%) Shares 2,833 (-75.8%) Est. Cost $148.12 Unrealized +2.2%

SW SMURFIT WESTROCK PLC 0.6%

Value ($000) $8,624 (-13.8%) Shares 223,331 (-6.4%) Est. Cost $45.03 Unrealized -15.3%

PTC PTC INC 0.1%

Value ($000) $1,033 (-57.2%) Shares 5,927 (-50.1%) Est. Cost $118.36 Unrealized +57.0%

HDB HDFC BANK LTD 0.2%

Value ($000) $2,574 (-34.5%) Shares 70,457 (-38.8%) Est. Cost $50.27 Unrealized —

DE DEERE & CO 0.0%

Value ($000) $722 (-65.0%) Shares 1,551 (-65.7%) Est. Cost $396.05 Unrealized +18.1%

BA BOEING CO 0.0%

Value ($000) $475 (-73.2%) Shares 2,187 (-73.3%) Est. Cost $225.47 Unrealized -8.8%

TJX TJX COS INC NEW 0.0%

Value ($000) $472 (-72.8%) Shares 3,070 (-74.4%) Est. Cost $132.28 Unrealized +11.7%

RTX RTX CORPORATION 0.0%

Value ($000) $467 (-72.7%) Shares 2,544 (-75.1%) Est. Cost $133.11 Unrealized +30.2%

CHD CHURCH & DWIGHT CO INC 0.1%

Value ($000) $2,021 (-37.4%) Shares 24,100 (-34.6%) Est. Cost $99.10 Unrealized -14.0%

ACN ACCENTURE PLC IRELAND 0.0%

Value ($000) $413 (-74.1%) Shares 1,541 (-76.2%) Est. Cost $320.08 Unrealized -20.6%

NXPI NXP SEMICONDUCTORS N V 0.4%

Value ($000) $5,540 (-16.6%) Shares 25,524 (-12.5%) Est. Cost $178.81 Unrealized +19.5%

CDZI CADIZ INC 0.1%

Value ($000) $1,290 (-44.2%) Shares 230,000 (-53.1%) Est. Cost $2.99 Unrealized +79.7%

DHR DANAHER CORPORATION 0.2%

Value ($000) $3,342 (-22.9%) Shares 14,601 (-33.3%) Est. Cost $171.60 Unrealized +27.9%

PGR PROGRESSIVE CORP 0.4%

Value ($000) $5,616 (-14.2%) Shares 24,661 (-7.0%) Est. Cost $166.69 Unrealized +27.4%

MKL MARKEL GROUP INC 0.8%

Value ($000) $12,010 (+7.9%) Shares 5,587 (-4.1%) Est. Cost $1101.00 Unrealized +84.0%

EOG EOG RES INC 0.4%

Value ($000) $6,107 (-12.3%) Shares 58,152 (-6.4%) Est. Cost $63.55 Unrealized +68.7%

PANW PALO ALTO NETWORKS INC 0.2%

Value ($000) $3,176 (-21.1%) Shares 17,241 (-12.8%) Est. Cost $186.36 Unrealized +8.3%

ZTS ZOETIS INC 0.1%

Value ($000) $1,057 (-43.1%) Shares 8,402 (-33.8%) Est. Cost $156.23 Unrealized -16.6%

SE SEA LTD 0.0%

Value ($000) $680 (-53.9%) Shares 5,327 (-35.4%) Est. Cost $161.64 Unrealized —

XOM EXXON MOBIL CORP 0.9%

Value ($000) $14,876 (+5.6%) Shares 123,617 (-1.0%) Est. Cost $68.25 Unrealized +69.2%

SPOT SPOTIFY TECHNOLOGY S A 0.1%

Value ($000) $2,158 (-26.8%) Shares 3,716 (-12.0%) Est. Cost $391.56 Unrealized +59.7%

RL RALPH LAUREN CORP 0.7%

Value ($000) $11,651 (-6.2%) Shares 32,950 (-16.8%) Est. Cost $168.43 Unrealized +101.9%

PM PHILIP MORRIS INTL INC 0.1%

Value ($000) $1,743 (-30.4%) Shares 10,868 (-29.7%) Est. Cost $125.11 Unrealized +22.8%

DIS DISNEY WALT CO 0.8%

Value ($000) $11,858 (-6.0%) Shares 104,225 (-5.4%) Est. Cost $95.67 Unrealized +14.5%

PAGS PAGSEGURO DIGITAL LTD 0.0%

Value ($000) $289 (-71.0%) Shares 30,000 (-69.9%) Est. Cost $9.00 Unrealized +6.5%

ADSK AUTODESK INC 0.2%

Value ($000) $3,550 (-15.8%) Shares 11,994 (-9.6%) Est. Cost $295.15 Unrealized +2.5%

INTC INTEL CORP 0.0%

Value ($000) $353 (-64.9%) Shares 9,575 (-68.1%) Est. Cost $22.47 Unrealized +68.0%

CRWD CROWDSTRIKE HLDGS INC 0.1%

Value ($000) $2,077 (-22.8%) Shares 4,431 (-19.2%) Est. Cost $262.72 Unrealized +93.8%

AMZN AMAZON COM INC 2.9%

Value ($000) $44,668 (+1.3%) Shares 193,517 (-3.6%) Est. Cost $175.91 Unrealized +30.1%

HLN HALEON PLC 0.4%

Value ($000) $6,009 (+10.4%) Shares 594,409 (-2.0%) Est. Cost $6.20 Unrealized —

NKE NIKE INC 0.3%

Value ($000) $4,187 (-11.7%) Shares 65,722 (-3.4%) Est. Cost $83.09 Unrealized -21.9%

JNJ JOHNSON & JOHNSON 0.7%

Value ($000) $11,578 (+5.0%) Shares 55,945 (-5.9%) Est. Cost $138.57 Unrealized +42.2%

PEP PEPSICO INC 0.1%

Value ($000) $1,758 (-23.5%) Shares 12,252 (-25.2%) Est. Cost $140.43 Unrealized +3.9%

SYK STRYKER CORPORATION 0.3%

Value ($000) $5,002 (-9.5%) Shares 14,231 (-4.8%) Est. Cost $352.05 Unrealized +3.2%

TMO THERMO FISHER SCIENTIFIC INC 0.1%

Value ($000) $1,718 (-20.8%) Shares 2,965 (-33.7%) Est. Cost $434.02 Unrealized +30.2%

BSX BOSTON SCIENTIFIC CORP 0.1%

Value ($000) $2,179 (-16.7%) Shares 22,849 (-14.7%) Est. Cost $60.01 Unrealized +63.4%

MCK MCKESSON CORP 0.1%

Value ($000) $1,167 (-25.3%) Shares 1,423 (-29.7%) Est. Cost $703.63 Unrealized +15.9%

TSEM TOWER SEMICONDUCTOR LTD 0.1%

Value ($000) $1,532 (+33.6%) Shares 13,044 (-17.7%) Est. Cost $54.61 Unrealized +76.4%

BKNG BOOKING HOLDINGS INC 0.9%

Value ($000) $13,988 (-2.6%) Shares 2,612 (-1.8%) Est. Cost $2570.79 Unrealized +99.9%

SRE SEMPRA 0.1%

Value ($000) $1,435 (-20.1%) Shares 16,250 (-18.5%) Est. Cost $75.52 Unrealized +19.9%

APP APPLOVIN CORP 0.2%

Value ($000) $2,655 (-11.9%) Shares 3,940 (-6.1%) Est. Cost $298.63 Unrealized +111.0%

DT DYNATRACE INC 0.1%

Value ($000) $1,061 (-25.2%) Shares 24,492 (-16.4%) Est. Cost $54.70 Unrealized -14.8%

KDP KEURIG DR PEPPER INC 0.4%

Value ($000) $5,701 (+6.4%) Shares 203,534 (-3.1%) Est. Cost $31.54 Unrealized -13.7%

SYY SYSCO CORP 0.1%

Value ($000) $1,187 (-21.9%) Shares 16,108 (-12.8%) Est. Cost $63.31 Unrealized +19.3%

GRMN GARMIN LTD 0.0%

Value ($000) $717 (-31.3%) Shares 3,535 (-16.6%) Est. Cost $196.09 Unrealized +10.5%

LYV LIVE NATION ENTERTAINMENT IN 0.1%

Value ($000) $885 (-25.0%) Shares 6,209 (-13.9%) Est. Cost $102.61 Unrealized +40.1%

BMA BANCO MACRO SA 0.0%

Value ($000) $387 (-39.1%) Shares 4,292 (-71.4%) Est. Cost $51.17 Unrealized —

RNG RINGCENTRAL INC 0.2%

Value ($000) $2,599 (-8.3%) Shares 90,000 (-10.0%) Est. Cost $29.13 Unrealized -2.2%

CF CF INDS HLDGS INC 0.0%

Value ($000) $619 (-26.5%) Shares 8,010 (-14.7%) Est. Cost $49.34 Unrealized +66.0%

USB US BANCORP DEL 0.3%

Value ($000) $4,955 (-4.2%) Shares 92,851 (-13.3%) Est. Cost $48.28 Unrealized +0.9%

VIK VIKING HOLDINGS LTD 0.7%

Value ($000) $11,718 (-1.8%) Shares 164,101 (-14.5%) Est. Cost $34.22 Unrealized +86.5%

AS AMER SPORTS INC 0.6%

Value ($000) $10,040 (-2.1%) Shares 268,800 (-8.9%) Est. Cost $22.04 Unrealized +55.7%

CBOE CBOE GLOBAL MKTS INC 0.1%

Value ($000) $1,274 (-13.9%) Shares 5,076 (-15.9%) Est. Cost $206.46 Unrealized +20.5%

AMD ADVANCED MICRO DEVICES INC 0.1%

Value ($000) $2,193 (+10.3%) Shares 10,238 (-16.7%) Est. Cost $161.38 Unrealized +39.2%

PLTR PALANTIR TECHNOLOGIES INC 0.1%

Value ($000) $2,325 (-7.6%) Shares 13,078 (-5.1%) Est. Cost $129.85 Unrealized +39.4%

KRMN KARMAN HLDGS INC 0.1%

Value ($000) $1,064 (-14.9%) Shares 14,548 (-16.0%) Est. Cost $54.85 Unrealized +32.0%

MLM MARTIN MARIETTA MATLS INC 0.0%

Value ($000) $720 (-18.7%) Shares 1,156 (-17.7%) Est. Cost $505.20 Unrealized +23.0%

ELV ELEVANCE HEALTH INC FORMERLY 0.3%

Value ($000) $4,169 (+4.0%) Shares 11,893 (-4.1%) Est. Cost $314.10 Unrealized +7.2%

UPS UNITED PARCEL SERVICE INC 0.3%

Value ($000) $4,517 (+3.6%) Shares 45,538 (-12.8%) Est. Cost $136.20 Unrealized -31.9%

TOST TOAST INC 0.0%

Value ($000) $573 (-19.4%) Shares 16,131 (-17.1%) Est. Cost $43.41 Unrealized -17.0%

AEM AGNICO EAGLE MINES LTD 0.0%

Value ($000) $306 (-30.2%) Shares 1,800 (-30.8%) Est. Cost $136.83 Unrealized +22.7%

CRH CRH PLC 1.1%

Value ($000) $17,417 (-0.7%) Shares 139,180 (-5.1%) Est. Cost $91.00 Unrealized +30.9%

SCHW SCHWAB CHARLES CORP 0.6%

Value ($000) $8,713 (-1.4%) Shares 87,210 (-5.8%) Est. Cost $55.98 Unrealized +69.2%

INFY INFOSYS LTD 0.4%

Value ($000) $5,609 (+2.1%) Shares 314,731 (-6.8%) Est. Cost $15.57 Unrealized —

URI UNITED RENTALS INC 0.0%

Value ($000) $293 (-26.8%) Shares 362 (-13.6%) Est. Cost $888.48 Unrealized -2.4%

MU MICRON TECHNOLOGY INC 0.0%

Value ($000) $583 (+21.1%) Shares 2,041 (-29.0%) Est. Cost $127.82 Unrealized +79.4%

ADI ANALOG DEVICES INC 0.2%

Value ($000) $3,497 (-2.8%) Shares 12,893 (-11.9%) Est. Cost $179.68 Unrealized +39.5%

KO COCA COLA CO 0.4%

Value ($000) $6,007 (+1.0%) Shares 85,921 (-4.2%) Est. Cost $59.80 Unrealized +16.0%

ENB ENBRIDGE INC 0.0%

Value ($000) $364 (-13.1%) Shares 7,600 (-8.4%) Est. Cost $46.12 Unrealized +2.2%

BATL BATTALION OIL CORP 0.0%

Value ($000) $90 (-35.0%) Shares 80,000 (-30.4%) Est. Cost $1.43 Unrealized -19.7%

MDT MEDTRONIC PLC 0.5%

Value ($000) $7,435 (-0.5%) Shares 77,401 (-1.4%) Est. Cost $73.95 Unrealized +31.3%

DAR DARLING INGREDIENTS INC 0.1%

Value ($000) $808 (-2.1%) Shares 22,431 (-16.0%) Est. Cost $52.23 Unrealized -35.2%

VRTX VERTEX PHARMACEUTICALS INC 0.3%

Value ($000) $4,330 (+0.4%) Shares 9,552 (-13.3%) Est. Cost $357.85 Unrealized +20.4%

NEE NEXTERA ENERGY INC 0.3%

Value ($000) $4,018 (+0.3%) Shares 50,049 (-5.7%) Est. Cost $68.96 Unrealized +19.6%

KLAC KLA CORP 0.1%

Value ($000) $1,047 (+1.0%) Shares 862 (-10.3%) Est. Cost $410.43 Unrealized +185.5%

WAT WATERS CORP 0.1%

Value ($000) $999 (+1.1%) Shares 2,629 (-20.2%) Est. Cost $387.18 Unrealized -5.0%

COF CAPITAL ONE FINL CORP 0.0%

Value ($000) $379 (-2.5%) Shares 1,563 (-14.4%) Est. Cost $217.80 Unrealized +2.0%

FICO FAIR ISAAC CORP 0.1%

Value ($000) $888 (+0.0%) Shares 525 (-11.5%) Est. Cost $1397.72 Unrealized +23.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	69,336 (-19.4%)	$13,514 (-44.2%)	0.9%	$87.37	+172.5%	COM	68389X105
MSFT	MICROSOFT CORP	169,875 (-4.3%)	$82,155 (-10.7%)	5.2%	$202.18	+147.6%	COM	594918104
UBER	UBER TECHNOLOGIES INC	49,337 (-63.0%)	$4,031 (-69.2%)	0.3%	$61.02	+47.6%	COM	90353T100
NVDA	NVIDIA CORPORATION	411,783 (-10.0%)	$76,798 (-10.0%)	4.9%	$105.20	+76.9%	COM	67066G104
RACE	FERRARI N V	35,175 (-15.8%)	$13,166 (-34.8%)	0.8%	$464.62	-13.9%	COM	N3167Y103
FISV	FISERV INC	80,513 (-15.0%)	$5,408 (-55.7%)	0.3%	$121.27	-30.8%	COM	337738108
EA	ELECTRONIC ARTS INC	1,705 (-95.0%)	$348 (-95.0%)	0.0%	$131.34	+53.6%	COM	285512109
META	META PLATFORMS INC	67,250 (-2.7%)	$44,391 (-12.5%)	2.8%	$322.52	+106.9%	CL A	30303M102
LLY	ELI LILLY & CO	20,201 (-1.6%)	$21,710 (+38.6%)	1.4%	$705.03	+35.5%	COM	532457108
FUTU	FUTU HLDGS LTD	21,000 (-59.5%)	$3,448 (-61.7%)	0.2%	$137.23	—	SPON ADS CL A	36118L106
MSI	MOTOROLA SOLUTIONS INC	6,043 (-64.5%)	$2,316 (-70.2%)	0.1%	$386.48	+3.7%	COM NEW	620076307
TEL	TE CONNECTIVITY PLC	22,201 (-52.6%)	$5,051 (-50.9%)	0.3%	$146.82	+57.5%	ORD SHS	G87052109
YMM	FULL TRUCK ALLIANCE CO LTD	303,655 (-52.6%)	$3,258 (-60.8%)	0.2%	$9.97	—	SPONSORED ADS	35969L108
LOGI	LOGITECH INTL S A	140,780 (-18.7%)	$14,489 (-23.3%)	0.9%	$79.98	+40.5%	SHS	H50430232
AMAT	APPLIED MATLS INC	42,176 (-41.9%)	$10,839 (-27.1%)	0.7%	$154.18	+55.3%	COM	038222105
COP	CONOCOPHILLIPS	43,914 (-48.6%)	$4,111 (-49.2%)	0.3%	$87.51	+2.9%	COM	20825C104
UNH	UNITEDHEALTH GROUP INC	25,245 (-28.9%)	$8,334 (-32.0%)	0.5%	$417.49	-19.2%	COM	91324P102
BMY	BRISTOL-MYERS SQUIBB CO	86,896 (-52.5%)	$4,687 (-43.1%)	0.3%	$46.60	+2.0%	COM	110122108
PDD	PDD HOLDINGS INC	22,196 (-51.4%)	$2,517 (-58.3%)	0.2%	$114.59	—	SPONSORED ADS	722304102
GE	GE AEROSPACE	20,210 (-37.2%)	$6,225 (-35.7%)	0.4%	$199.71	+50.6%	COM NEW	369604301
ADBE	ADOBE INC	19,927 (-32.5%)	$6,974 (-33.0%)	0.4%	$452.04	-24.8%	COM	00724F101
GOOGL	ALPHABET INC	254,721 (-18.8%)	$79,728 (+4.5%)	5.1%	$113.34	+152.0%	CAP STK CL A	02079K305
RCL	ROYAL CARIBBEAN GROUP	35,860 (-12.6%)	$10,002 (-24.7%)	0.6%	$251.58	+11.9%	COM	V7780T103
TME	TENCENT MUSIC ENTMT GROUP	54,000 (-69.3%)	$947 (-77.0%)	0.1%	$19.49	—	SPON ADS	88034P109
HON	HONEYWELL INTL INC	2,039 (-87.9%)	$398 (-88.8%)	0.0%	$169.84	+14.8%	COM	438516106
APH	AMPHENOL CORP NEW	45,975 (-35.1%)	$6,213 (-29.1%)	0.4%	$65.07	+105.2%	CL A	032095101
ISRG	INTUITIVE SURGICAL INC	8,552 (-47.7%)	$4,844 (-33.8%)	0.3%	$302.88	+75.8%	COM NEW	46120E602
RNW	RENEW ENERGY GLOBAL PLC	100,000 (-73.0%)	$565 (-80.2%)	0.0%	$7.02	+3.0%	CL A SHS	G7500M104
TPR	TAPESTRY INC	96,200 (-23.6%)	$12,291 (-13.8%)	0.8%	$53.51	+113.1%	COM	876030107
ONON	ON HLDG AG	55,900 (-46.3%)	$2,598 (-41.0%)	0.2%	$30.56	+41.0%	NAMEN AKT A	H5919C104
OSW	ONESPAWORLD HOLDINGS LIMITED	331,800 (-18.0%)	$6,882 (-19.6%)	0.4%	$13.78	+51.7%	COM	P73684113
ATAT	ATOUR LIFESTYLE HLDGS LTD	60,000 (-43.8%)	$2,364 (-41.1%)	0.2%	$28.83	—	SPONSORED ADS	04965M106
GOOG	ALPHABET INC	25,830 (-2.9%)	$8,105 (+25.1%)	0.5%	$182.52	+56.9%	CAP STK CL C	02079K107
BWXT	BWX TECHNOLOGIES INC	12,107 (-39.4%)	$2,093 (-43.2%)	0.1%	$70.10	+167.4%	COM	05605H100
INTU	INTUIT	12,902 (-12.8%)	$8,547 (-15.4%)	0.5%	$626.67	+5.4%	COM	461202103
PSA	PUBLIC STORAGE OPER CO	22,675 (-11.9%)	$5,884 (-20.9%)	0.4%	$254.31	+9.0%	COM	74460D109
COTY	COTY INC	355,000 (-45.4%)	$1,093 (-58.4%)	0.1%	$4.76	-23.6%	COM CL A	222070203
RSG	REPUBLIC SVCS INC	7,400 (-44.6%)	$1,568 (-48.8%)	0.1%	$146.37	+46.6%	COM	760759100
SBUX	STARBUCKS CORP	3,916 (-81.7%)	$330 (-81.8%)	0.0%	$88.57	-5.1%	COM	855244109
APTV	APTIV PLC	15,779 (-49.0%)	$1,201 (-55.0%)	0.1%	$70.99	+13.1%	COM SHS	G3265R107
LOW	LOWES COS INC	1,926 (-74.8%)	$464 (-75.8%)	0.0%	$244.20	-1.8%	COM	548661107
MCD	MCDONALDS CORP	1,392 (-77.2%)	$425 (-77.1%)	0.0%	$301.40	+1.2%	COM	580135101
TXN	TEXAS INSTRS INC	2,530 (-74.6%)	$439 (-76.0%)	0.0%	$144.99	+17.8%	COM	882508104
CVX	CHEVRON CORP NEW	2,833 (-75.8%)	$432 (-76.2%)	0.0%	$148.12	+2.2%	COM	166764100
SW	SMURFIT WESTROCK PLC	223,331 (-6.4%)	$8,624 (-13.8%)	0.6%	$45.03	-15.3%	SHS	G8267P108
PTC	PTC INC	5,927 (-50.1%)	$1,033 (-57.2%)	0.1%	$118.36	+57.0%	COM	69370C100
HDB	HDFC BANK LTD	70,457 (-38.8%)	$2,574 (-34.5%)	0.2%	$50.27	—	SPONSORED ADS	40415F101
DE	DEERE & CO	1,551 (-65.7%)	$722 (-65.0%)	0.0%	$396.05	+18.1%	COM	244199105
BA	BOEING CO	2,187 (-73.3%)	$475 (-73.2%)	0.0%	$225.47	-8.8%	COM	097023105
TJX	TJX COS INC NEW	3,070 (-74.4%)	$472 (-72.8%)	0.0%	$132.28	+11.7%	COM	872540109
RTX	RTX CORPORATION	2,544 (-75.1%)	$467 (-72.7%)	0.0%	$133.11	+30.2%	COM	75513E101
CHD	CHURCH & DWIGHT CO INC	24,100 (-34.6%)	$2,021 (-37.4%)	0.1%	$99.10	-14.0%	COM	171340102
ACN	ACCENTURE PLC IRELAND	1,541 (-76.2%)	$413 (-74.1%)	0.0%	$320.08	-20.6%	SHS CLASS A	G1151C101
NXPI	NXP SEMICONDUCTORS N V	25,524 (-12.5%)	$5,540 (-16.6%)	0.4%	$178.81	+19.5%	COM	N6596X109
CDZI	CADIZ INC	230,000 (-53.1%)	$1,290 (-44.2%)	0.1%	$2.99	+79.7%	COM NEW	127537207
DHR	DANAHER CORPORATION	14,601 (-33.3%)	$3,342 (-22.9%)	0.2%	$171.60	+27.9%	COM	235851102
PGR	PROGRESSIVE CORP	24,661 (-7.0%)	$5,616 (-14.2%)	0.4%	$166.69	+27.4%	COM	743315103
MKL	MARKEL GROUP INC	5,587 (-4.1%)	$12,010 (+7.9%)	0.8%	$1101.00	+84.0%	COM	570535104
EOG	EOG RES INC	58,152 (-6.4%)	$6,107 (-12.3%)	0.4%	$63.55	+68.7%	COM	26875P101
PANW	PALO ALTO NETWORKS INC	17,241 (-12.8%)	$3,176 (-21.1%)	0.2%	$186.36	+8.3%	COM	697435105
ZTS	ZOETIS INC	8,402 (-33.8%)	$1,057 (-43.1%)	0.1%	$156.23	-16.6%	CL A	98978V103
SE	SEA LTD	5,327 (-35.4%)	$680 (-53.9%)	0.0%	$161.64	—	SPONSORD ADS	81141R100
XOM	EXXON MOBIL CORP	123,617 (-1.0%)	$14,876 (+5.6%)	0.9%	$68.25	+69.2%	COM	30231G102
SPOT	SPOTIFY TECHNOLOGY S A	3,716 (-12.0%)	$2,158 (-26.8%)	0.1%	$391.56	+59.7%	SHS	L8681T102
RL	RALPH LAUREN CORP	32,950 (-16.8%)	$11,651 (-6.2%)	0.7%	$168.43	+101.9%	CL A	751212101
PM	PHILIP MORRIS INTL INC	10,868 (-29.7%)	$1,743 (-30.4%)	0.1%	$125.11	+22.8%	COM	718172109
DIS	DISNEY WALT CO	104,225 (-5.4%)	$11,858 (-6.0%)	0.8%	$95.67	+14.5%	COM	254687106
PAGS	PAGSEGURO DIGITAL LTD	30,000 (-69.9%)	$289 (-71.0%)	0.0%	$9.00	+6.5%	COM CL A	G68707101
ADSK	AUTODESK INC	11,994 (-9.6%)	$3,550 (-15.8%)	0.2%	$295.15	+2.5%	COM	052769106
INTC	INTEL CORP	9,575 (-68.1%)	$353 (-64.9%)	0.0%	$22.47	+68.0%	COM	458140100
CRWD	CROWDSTRIKE HLDGS INC	4,431 (-19.2%)	$2,077 (-22.8%)	0.1%	$262.72	+93.8%	CL A	22788C105
AMZN	AMAZON COM INC	193,517 (-3.6%)	$44,668 (+1.3%)	2.9%	$175.91	+30.1%	COM	023135106
HLN	HALEON PLC	594,409 (-2.0%)	$6,009 (+10.4%)	0.4%	$6.20	—	SPON ADS	405552100
NKE	NIKE INC	65,722 (-3.4%)	$4,187 (-11.7%)	0.3%	$83.09	-21.9%	CL B	654106103
JNJ	JOHNSON & JOHNSON	55,945 (-5.9%)	$11,578 (+5.0%)	0.7%	$138.57	+42.2%	COM	478160104
PEP	PEPSICO INC	12,252 (-25.2%)	$1,758 (-23.5%)	0.1%	$140.43	+3.9%	COM	713448108
SYK	STRYKER CORPORATION	14,231 (-4.8%)	$5,002 (-9.5%)	0.3%	$352.05	+3.2%	COM	863667101
TMO	THERMO FISHER SCIENTIFIC INC	2,965 (-33.7%)	$1,718 (-20.8%)	0.1%	$434.02	+30.2%	COM	883556102
BSX	BOSTON SCIENTIFIC CORP	22,849 (-14.7%)	$2,179 (-16.7%)	0.1%	$60.01	+63.4%	COM	101137107
MCK	MCKESSON CORP	1,423 (-29.7%)	$1,167 (-25.3%)	0.1%	$703.63	+15.9%	COM	58155Q103
TSEM	TOWER SEMICONDUCTOR LTD	13,044 (-17.7%)	$1,532 (+33.6%)	0.1%	$54.61	+76.4%	SHS NEW	M87915274
BKNG	BOOKING HOLDINGS INC	2,612 (-1.8%)	$13,988 (-2.6%)	0.9%	$2570.79	+99.9%	COM	09857L108
SRE	SEMPRA	16,250 (-18.5%)	$1,435 (-20.1%)	0.1%	$75.52	+19.9%	COM	816851109
APP	APPLOVIN CORP	3,940 (-6.1%)	$2,655 (-11.9%)	0.2%	$298.63	+111.0%	COM CL A	03831W108
DT	DYNATRACE INC	24,492 (-16.4%)	$1,061 (-25.2%)	0.1%	$54.70	-14.8%	COM NEW	268150109
KDP	KEURIG DR PEPPER INC	203,534 (-3.1%)	$5,701 (+6.4%)	0.4%	$31.54	-13.7%	COM	49271V100
SYY	SYSCO CORP	16,108 (-12.8%)	$1,187 (-21.9%)	0.1%	$63.31	+19.3%	COM	871829107
GRMN	GARMIN LTD	3,535 (-16.6%)	$717 (-31.3%)	0.0%	$196.09	+10.5%	SHS	H2906T109
LYV	LIVE NATION ENTERTAINMENT IN	6,209 (-13.9%)	$885 (-25.0%)	0.1%	$102.61	+40.1%	COM	538034109
BMA	BANCO MACRO SA	4,292 (-71.4%)	$387 (-39.1%)	0.0%	$51.17	—	SPON ADR B	05961W105
RNG	RINGCENTRAL INC	90,000 (-10.0%)	$2,599 (-8.3%)	0.2%	$29.13	-2.2%	CL A	76680R206
CF	CF INDS HLDGS INC	8,010 (-14.7%)	$619 (-26.5%)	0.0%	$49.34	+66.0%	COM	125269100
USB	US BANCORP DEL	92,851 (-13.3%)	$4,955 (-4.2%)	0.3%	$48.28	+0.9%	COM NEW	902973304
VIK	VIKING HOLDINGS LTD	164,101 (-14.5%)	$11,718 (-1.8%)	0.7%	$34.22	+86.5%	ORD SHS	G93A5A101
AS	AMER SPORTS INC	268,800 (-8.9%)	$10,040 (-2.1%)	0.6%	$22.04	+55.7%	COM SHS	G0260P102
CBOE	CBOE GLOBAL MKTS INC	5,076 (-15.9%)	$1,274 (-13.9%)	0.1%	$206.46	+20.5%	COM	12503M108
AMD	ADVANCED MICRO DEVICES INC	10,238 (-16.7%)	$2,193 (+10.3%)	0.1%	$161.38	+39.2%	COM	007903107
PLTR	PALANTIR TECHNOLOGIES INC	13,078 (-5.1%)	$2,325 (-7.6%)	0.1%	$129.85	+39.4%	CL A	69608A108
KRMN	KARMAN HLDGS INC	14,548 (-16.0%)	$1,064 (-14.9%)	0.1%	$54.85	+32.0%	COMMON STOCK	485924104
MLM	MARTIN MARIETTA MATLS INC	1,156 (-17.7%)	$720 (-18.7%)	0.0%	$505.20	+23.0%	COM	573284106
ELV	ELEVANCE HEALTH INC FORMERLY	11,893 (-4.1%)	$4,169 (+4.0%)	0.3%	$314.10	+7.2%	COM	036752103
UPS	UNITED PARCEL SERVICE INC	45,538 (-12.8%)	$4,517 (+3.6%)	0.3%	$136.20	-31.9%	CL B	911312106
TOST	TOAST INC	16,131 (-17.1%)	$573 (-19.4%)	0.0%	$43.41	-17.0%	CL A	888787108
AEM	AGNICO EAGLE MINES LTD	1,800 (-30.8%)	$306 (-30.2%)	0.0%	$136.83	+22.7%	COM	008474108
CRH	CRH PLC	139,180 (-5.1%)	$17,417 (-0.7%)	1.1%	$91.00	+30.9%	ORD	G25508105
SCHW	SCHWAB CHARLES CORP	87,210 (-5.8%)	$8,713 (-1.4%)	0.6%	$55.98	+69.2%	COM	808513105
INFY	INFOSYS LTD	314,731 (-6.8%)	$5,609 (+2.1%)	0.4%	$15.57	—	SPONSORED ADR	456788108
URI	UNITED RENTALS INC	362 (-13.6%)	$293 (-26.8%)	0.0%	$888.48	-2.4%	COM	911363109
MU	MICRON TECHNOLOGY INC	2,041 (-29.0%)	$583 (+21.1%)	0.0%	$127.82	+79.4%	COM	595112103
ADI	ANALOG DEVICES INC	12,893 (-11.9%)	$3,497 (-2.8%)	0.2%	$179.68	+39.5%	COM	032654105
KO	COCA COLA CO	85,921 (-4.2%)	$6,007 (+1.0%)	0.4%	$59.80	+16.0%	COM	191216100
ENB	ENBRIDGE INC	7,600 (-8.4%)	$364 (-13.1%)	0.0%	$46.12	+2.2%	COM	29250N105
BATL	BATTALION OIL CORP	80,000 (-30.4%)	$90 (-35.0%)	0.0%	$1.43	-19.7%	COM	07134L107
MDT	MEDTRONIC PLC	77,401 (-1.4%)	$7,435 (-0.5%)	0.5%	$73.95	+31.3%	SHS	G5960L103
DAR	DARLING INGREDIENTS INC	22,431 (-16.0%)	$808 (-2.1%)	0.1%	$52.23	-35.2%	COM	237266101
VRTX	VERTEX PHARMACEUTICALS INC	9,552 (-13.3%)	$4,330 (+0.4%)	0.3%	$357.85	+20.4%	COM	92532F100
NEE	NEXTERA ENERGY INC	50,049 (-5.7%)	$4,018 (+0.3%)	0.3%	$68.96	+19.6%	COM	65339F101
KLAC	KLA CORP	862 (-10.3%)	$1,047 (+1.0%)	0.1%	$410.43	+185.5%	COM NEW	482480100
WAT	WATERS CORP	2,629 (-20.2%)	$999 (+1.1%)	0.1%	$387.18	-5.0%	COM	941848103
COF	CAPITAL ONE FINL CORP	1,563 (-14.4%)	$379 (-2.5%)	0.0%	$217.80	+2.0%	COM	14040H105
FICO	FAIR ISAAC CORP	525 (-11.5%)	$888 (+0.0%)	0.1%	$1397.72	+23.2%	COM	303250104

Unchanged Positions (26)

HLT HILTON WORLDWIDE HLDGS INC 1.0%

Value ($000) $14,969 Shares 52,112 Est. Cost $120.18 Unrealized +126.5%

AVGO BROADCOM INC 1.8%

Value ($000) $27,543 Shares 79,581 Est. Cost $162.95 Unrealized +119.1%

MAR MARRIOTT INTL INC NEW 0.4%

Value ($000) $6,596 Shares 21,260 Est. Cost $156.66 Unrealized +82.1%

LIN LINDE PLC 0.5%

Value ($000) $8,532 Shares 20,022 Est. Cost $356.69 Unrealized +19.8%

ALC ALCON AG 1.0%

Value ($000) $15,611 Shares 195,449 Est. Cost $89.55 Unrealized -14.0%

IBM INTERNATIONAL BUSINESS MACHS 1.0%

Value ($000) $15,118 Shares 51,039 Est. Cost $258.99 Unrealized +15.4%

ADP AUTOMATIC DATA PROCESSING IN 0.3%

Value ($000) $4,589 Shares 17,840 Est. Cost $291.83 Unrealized -9.3%

URTH ISHARES INC 1.6%

Value ($000) $25,478 Shares 137,304 Est. Cost $169.38 Unrealized —

ZGN ERMENEGILDO ZEGNA N V 0.5%

Value ($000) $7,246 Shares 706,936 Est. Cost $12.92 Unrealized -21.0%

HD HOME DEPOT INC 0.2%

Value ($000) $2,662 Shares 7,736 Est. Cost $343.09 Unrealized +6.3%

JPM JPMORGAN CHASE & CO. 1.1%

Value ($000) $17,877 Shares 55,480 Est. Cost $121.84 Unrealized +154.1%

CDNS CADENCE DESIGN SYSTEM INC 0.2%

Value ($000) $3,422 Shares 10,949 Est. Cost $208.27 Unrealized +56.7%

DELL DELL TECHNOLOGIES INC 0.2%

Value ($000) $3,103 Shares 24,649 Est. Cost $129.18 Unrealized +9.0%

NDAQ NASDAQ INC 0.3%

Value ($000) $4,110 Shares 42,315 Est. Cost $59.25 Unrealized +51.5%

UVIX VS TRUST 0.0%

Value ($000) $456 Shares 80,000 Est. Cost $9.93 Unrealized —

VOO VANGUARD INDEX FDS 0.9%

Value ($000) $13,951 Shares 22,250 Est. Cost $294.70 Unrealized —

FUBO FUBOTV INC 0.0%

Value ($000) $378 Shares 150,000 Est. Cost $3.78 Unrealized -12.0%

MA MASTERCARD INCORPORATED 1.0%

Value ($000) $15,986 Shares 28,003 Est. Cost $380.61 Unrealized +46.9%

IDXX IDEXX LABS INC 0.2%

Value ($000) $3,475 Shares 5,137 Est. Cost $448.84 Unrealized +51.7%

GLW CORNING INC 0.2%

Value ($000) $2,632 Shares 30,060 Est. Cost $64.97 Unrealized +32.3%

RPD RAPID7 INC 0.0%

Value ($000) $608 Shares 40,000 Est. Cost $21.12 Unrealized -22.1%

SSTK SHUTTERSTOCK INC 0.1%

Value ($000) $1,089 Shares 57,000 Est. Cost $17.59 Unrealized +21.5%

KSPI KASPI KZ JSC 0.1%

Value ($000) $1,172 Shares 15,000 Est. Cost $81.68 Unrealized —

HBAN HUNTINGTON BANCSHARES INC 0.5%

Value ($000) $7,379 Shares 425,292 Est. Cost $12.28 Unrealized +32.7%

IEF ISHARES TR 0.4%

Value ($000) $6,536 Shares 68,000 Est. Cost $95.89 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.1%

Value ($000) $1,663 Shares 31,000 Est. Cost $39.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HLT	HILTON WORLDWIDE HLDGS INC	52,112	$14,969	1.0%	$120.18	+126.5%	COM	43300A203
AVGO	BROADCOM INC	79,581	$27,543	1.8%	$162.95	+119.1%	COM	11135F101
MAR	MARRIOTT INTL INC NEW	21,260	$6,596	0.4%	$156.66	+82.1%	CL A	571903202
LIN	LINDE PLC	20,022	$8,532	0.5%	$356.69	+19.8%	SHS	G54950103
ALC	ALCON AG	195,449	$15,611	1.0%	$89.55	-14.0%	ORD SHS	H01301128
IBM	INTERNATIONAL BUSINESS MACHS	51,039	$15,118	1.0%	$258.99	+15.4%	COM	459200101
ADP	AUTOMATIC DATA PROCESSING IN	17,840	$4,589	0.3%	$291.83	-9.3%	COM	053015103
URTH	ISHARES INC	137,304	$25,478	1.6%	$169.38	—	MSCI WORLD ETF	464286392
ZGN	ERMENEGILDO ZEGNA N V	706,936	$7,246	0.5%	$12.92	-21.0%	ORD SHS	N30577105
HD	HOME DEPOT INC	7,736	$2,662	0.2%	$343.09	+6.3%	COM	437076102
JPM	JPMORGAN CHASE & CO.	55,480	$17,877	1.1%	$121.84	+154.1%	COM	46625H100
CDNS	CADENCE DESIGN SYSTEM INC	10,949	$3,422	0.2%	$208.27	+56.7%	COM	127387108
DELL	DELL TECHNOLOGIES INC	24,649	$3,103	0.2%	$129.18	+9.0%	CL C	24703L202
NDAQ	NASDAQ INC	42,315	$4,110	0.3%	$59.25	+51.5%	COM	631103108
UVIX	VS TRUST	80,000	$456	0.0%	$9.93	—	2X LONG VIX FUTU	92891H606
VOO	VANGUARD INDEX FDS	22,250	$13,951	0.9%	$294.70	—	S&P 500 ETF SHS	922908363
FUBO	FUBOTV INC	150,000	$378	0.0%	$3.78	-12.0%	CLASS A COM SHS	35953D104
MA	MASTERCARD INCORPORATED	28,003	$15,986	1.0%	$380.61	+46.9%	CL A	57636Q104
IDXX	IDEXX LABS INC	5,137	$3,475	0.2%	$448.84	+51.7%	COM	45168D104
GLW	CORNING INC	30,060	$2,632	0.2%	$64.97	+32.3%	COM	219350105
RPD	RAPID7 INC	40,000	$608	0.0%	$21.12	-22.1%	COM	753422104
SSTK	SHUTTERSTOCK INC	57,000	$1,089	0.1%	$17.59	+21.5%	COM	825690100
KSPI	KASPI KZ JSC	15,000	$1,172	0.1%	$81.68	—	SPONSORED ADS	48581R205
HBAN	HUNTINGTON BANCSHARES INC	425,292	$7,379	0.5%	$12.28	+32.7%	COM	446150104
IEF	ISHARES TR	68,000	$6,536	0.4%	$95.89	—	7-10 YR TRSY BD	464287440
VWO	VANGUARD INTL EQUITY INDEX F	31,000	$1,663	0.1%	$39.96	—	FTSE EMR MKT ETF	922042858