Senator Investment Group LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DHR	DANAHER CORPORATION	169,416	$38,783	1.6%	$219.54	0.0%	COM	235851102
BILL	BILL HOLDINGS INC	693,379	$37,817	1.5%	$51.37	0.0%	COM	090043100
BKD	BROOKDALE SR LIVING INC	3,409,263	$36,786	1.5%	$9.83	0.0%	COM	112463104
LPLA	LPL FINL HLDGS INC	100,000	$35,717	1.4%	$353.69	0.0%	COM	50212V100
CMCSA	COMCAST CORP NEW	1,170,000	$34,971	1.4%	$28.53	0.0%	CL A	20030N101
AS	AMER SPORTS INC	925,000	$34,549	1.4%	$34.31	0.0%	COM SHS	G0260P102
VIK	VIKING HOLDINGS LTD	475,000	$33,920	1.4%	$63.81	0.0%	ORD SHS	G93A5A101
APH	AMPHENOL CORP NEW	200,000	$27,028	1.1%	$133.54	0.0%	CL A	032095101
MT	ARCELORMITTAL SA LUXEMBOURG	580,000	$26,431	1.1%	$45.57	—	NY REGISTRY SH	03938L203
UNH	UNITEDHEALTH GROUP INC	75,000	$24,758	1.0%	$337.21	0.0%	COM	91324P102
—	ASTRONICS CORP	4,000,000	$10,288	0.4%	$2.57	—	NOTE 5.500% 3/1	046433AD0
XLI	SELECT SECTOR SPDR TR	61,274	$9,505	0.4%	$155.12	—	STATE STREET IND	81369Y704
OPTU	OPTIMUM COMMUNICATIONS INC	5,000,000	$8,250	0.3%	$2.04	0.0%	CL A	02156K103
WRBY	WARBY PARKER INC	377,148	$8,218	0.3%	$21.76	0.0%	CL A COM	93403J106
IMSR	TERRESTRIAL ENERGY INC	900,000	$5,499	0.2%	$6.11	—	COM SHS	881454102
GGR	GOGORO INC	1,350,000	$3,699	0.1%	$4.03	0.0%	*W EXP 04/04/202	G9491K139
KWEB	KRANESHARES TRUST	103,000	$3,507	0.1%	$34.05	—	CSI CHI INTERNET	500767306
GOOG	ALPHABET INC	10,750	$3,373	0.1%	$286.33	0.0%	CAP STK CL C	02079K107
WULF	TERAWULF INC	85,000	$977	0.0%	$13.40	0.0%	COM	88080T104

Increased Positions (13)

UAL UNITED AIRLS HLDGS INC 14.0%

Value ($000) $349,843 (+17.1%) Shares 3,128,629 (+1.1%) Est. Cost $72.29 Unrealized +39.8%

TSM TAIWAN SEMICONDUCTOR MFG LTD 4.0%

Value ($000) $98,612 (+90.8%) Shares 324,500 (+75.4%) Est. Cost $226.05 Unrealized —

APO APOLLO GLOBAL MGMT INC 3.1%

Value ($000) $77,746 (+73.0%) Shares 537,070 (+59.2%) Est. Cost $109.70 Unrealized +20.8%

COF CAPITAL ONE FINL CORP 4.6%

Value ($000) $114,347 (+30.5%) Shares 471,805 (+14.4%) Est. Cost $181.42 Unrealized +22.5%

NVDA NVIDIA CORPORATION 3.8%

Value ($000) $94,123 (+33.4%) Shares 504,679 (+33.5%) Est. Cost $129.08 Unrealized +44.2%

JHX JAMES HARDIE INDS PLC 1.5%

Value ($000) $37,885 (+115.8%) Shares 1,825,797 (+99.8%) Est. Cost $22.00 Unrealized -8.9%

PRM PERIMETER SOLUTIONS INC 2.6%

Value ($000) $64,640 (+37.5%) Shares 2,348,000 (+11.8%) Est. Cost $14.14 Unrealized +78.7%

MEOH METHANEX CORP 0.6%

Value ($000) $14,895 (+149.7%) Shares 375,000 (+150.0%) Est. Cost $35.22 Unrealized +5.6%

PFSI PENNYMAC FINL SVCS INC NEW 1.5%

Value ($000) $37,850 (+19.7%) Shares 287,093 (+12.4%) Est. Cost $109.59 Unrealized +15.7%

NU NU HLDGS LTD 1.5%

Value ($000) $36,828 (+17.4%) Shares 2,200,000 (+12.2%) Est. Cost $12.98 Unrealized +23.9%

ULS UL SOLUTIONS INC 0.9%

Value ($000) $23,658 (+21.4%) Shares 300,000 (+9.1%) Est. Cost $69.17 Unrealized +16.1%

SSNC SS&C TECHNOLOGIES HLDGS INC 3.6%

Value ($000) $90,497 (+4.4%) Shares 1,035,193 (+6.0%) Est. Cost $74.53 Unrealized +14.4%

BCS BARCLAYS PLC 0.1%

Value ($000) $1,711 (+39.7%) Shares 67,232 (+13.4%) Est. Cost $14.68 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UAL	UNITED AIRLS HLDGS INC	3,128,629 (+1.1%)	$349,843 (+17.1%)	14.0%	$72.29	+39.8%	COM	910047109
TSM	TAIWAN SEMICONDUCTOR MFG LTD	324,500 (+75.4%)	$98,612 (+90.8%)	4.0%	$226.05	—	SPONSORED ADS	874039100
APO	APOLLO GLOBAL MGMT INC	537,070 (+59.2%)	$77,746 (+73.0%)	3.1%	$109.70	+20.8%	COM	03769M106
COF	CAPITAL ONE FINL CORP	471,805 (+14.4%)	$114,347 (+30.5%)	4.6%	$181.42	+22.5%	COM	14040H105
NVDA	NVIDIA CORPORATION	504,679 (+33.5%)	$94,123 (+33.4%)	3.8%	$129.08	+44.2%	COM	67066G104
JHX	JAMES HARDIE INDS PLC	1,825,797 (+99.8%)	$37,885 (+115.8%)	1.5%	$22.00	-8.9%	ORD SHS	G4253H101
PRM	PERIMETER SOLUTIONS INC	2,348,000 (+11.8%)	$64,640 (+37.5%)	2.6%	$14.14	+78.7%	COMMON STOCK	71385M107
MEOH	METHANEX CORP	375,000 (+150.0%)	$14,895 (+149.7%)	0.6%	$35.22	+5.6%	COM	59151K108
PFSI	PENNYMAC FINL SVCS INC NEW	287,093 (+12.4%)	$37,850 (+19.7%)	1.5%	$109.59	+15.7%	COM	70932M107
NU	NU HLDGS LTD	2,200,000 (+12.2%)	$36,828 (+17.4%)	1.5%	$12.98	+23.9%	ORD SHS CL A	G6683N103
ULS	UL SOLUTIONS INC	300,000 (+9.1%)	$23,658 (+21.4%)	0.9%	$69.17	+16.1%	CLASS A COM SHS	903731107
SSNC	SS&C TECHNOLOGIES HLDGS INC	1,035,193 (+6.0%)	$90,497 (+4.4%)	3.6%	$74.53	+14.4%	COM	78467J100
BCS	BARCLAYS PLC	67,232 (+13.4%)	$1,711 (+39.7%)	0.1%	$14.68	—	ADR	06738E204

Exited Positions (20)

IBIT ISHARES BITCOIN TRUST ETF 4.7%

Value ($000) $116,870 Shares 1,798,000 Est. Cost $51.16 Unrealized —

CRWV COREWEAVE INC 4.1%

Value ($000) $102,638 Shares 750,000 Est. Cost $118.31 Unrealized -14.3%

NTNX NUTANIX INC 2.3%

Value ($000) $57,551 Shares 773,635 Est. Cost $56.68 Unrealized +7.8%

JPM JPMORGAN CHASE & CO. 2.2%

Value ($000) $55,200 Shares 175,000 Est. Cost $252.67 Unrealized +22.5%

PFGC PERFORMANCE FOOD GROUP CO 1.8%

Value ($000) $45,921 Shares 441,378 Est. Cost $100.10 Unrealized -3.5%

IWM ISHARES TR 1.8%

Value ($000) $44,037 Shares 182,000 Est. Cost $241.96 Unrealized —

FLUT FLUTTER ENTMT PLC 1.7%

Value ($000) $41,813 Shares 164,618 Est. Cost $242.14 Unrealized -7.1%

APD AIR PRODS & CHEMS INC 1.4%

Value ($000) $34,090 Shares 125,000 Est. Cost $304.00 Unrealized -17.2%

FOUR SHIFT4 PMTS INC 0.9%

Value ($000) $21,279 Shares 274,918 Est. Cost $78.06 Unrealized -9.5%

CCOI COGENT COMMUNICATIONS HLDGS 0.7%

Value ($000) $18,534 Shares 483,295 Est. Cost $58.96 Unrealized -50.0%

TER TERADYNE INC 0.7%

Value ($000) $17,893 Shares 130,000 Est. Cost $109.09 Unrealized +57.2%

UWMC UWM HOLDINGS CORPORATION 0.5%

Value ($000) $13,154 Shares 2,160,000 Est. Cost $5.24 Unrealized +2.6%

— JETBLUE AIRWAYS CORP 0.4%

Value ($000) $10,464 Shares 10,000,000 Est. Cost $1.05 Unrealized —

MRVL MARVELL TECHNOLOGY INC 0.4%

Value ($000) $8,827 Shares 105,000 Est. Cost $73.50 Unrealized +19.0%

— SONDER HOLDINGS INC 0.1%

Value ($000) $3,023 Shares 2,380,194 Est. Cost $2.82 Unrealized —

FCX FREEPORT-MCMORAN INC 0.0%

Value ($000) $1,177 Shares 30,000 Est. Cost $37.79 Unrealized +14.6%

ET ENERGY TRANSFER L P 0.0%

Value ($000) $1,102 Shares 64,203 Est. Cost $17.16 Unrealized —

FSLR FIRST SOLAR INC 0.0%

Value ($000) $874 Shares 3,963 Est. Cost $191.94 Unrealized +31.4%

— GOGORO INC 0.0%

Value ($000) $405 Shares 1,350,000 Est. Cost $1.54 Unrealized —

SONDQ SONDER HOLDINGS INC 0.0%

Value ($000) $273 Shares 215,210 Est. Cost $4.41 Unrealized -89.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBIT	ISHARES BITCOIN TRUST ETF	1,798,000	$116,870	4.7%	$51.16	—	—	46438F101
CRWV	COREWEAVE INC	750,000	$102,638	4.1%	$118.31	-14.3%	—	21873S108
NTNX	NUTANIX INC	773,635	$57,551	2.3%	$56.68	+7.8%	—	67059N108
JPM	JPMORGAN CHASE & CO.	175,000	$55,200	2.2%	$252.67	+22.5%	—	46625H100
PFGC	PERFORMANCE FOOD GROUP CO	441,378	$45,921	1.8%	$100.10	-3.5%	—	71377A103
IWM	ISHARES TR	182,000	$44,037	1.8%	$241.96	—	—	464287655
FLUT	FLUTTER ENTMT PLC	164,618	$41,813	1.7%	$242.14	-7.1%	—	G3643J108
APD	AIR PRODS & CHEMS INC	125,000	$34,090	1.4%	$304.00	-17.2%	—	009158106
FOUR	SHIFT4 PMTS INC	274,918	$21,279	0.9%	$78.06	-9.5%	—	82452J109
CCOI	COGENT COMMUNICATIONS HLDGS	483,295	$18,534	0.7%	$58.96	-50.0%	—	19239V302
TER	TERADYNE INC	130,000	$17,893	0.7%	$109.09	+57.2%	—	880770102
UWMC	UWM HOLDINGS CORPORATION	2,160,000	$13,154	0.5%	$5.24	+2.6%	—	91823B109
—	JETBLUE AIRWAYS CORP	10,000,000	$10,464	0.4%	$1.05	—	—	477143AR2
MRVL	MARVELL TECHNOLOGY INC	105,000	$8,827	0.4%	$73.50	+19.0%	—	573874104
—	SONDER HOLDINGS INC	2,380,194	$3,023	0.1%	$2.82	—	—	83542D102
FCX	FREEPORT-MCMORAN INC	30,000	$1,177	0.0%	$37.79	+14.6%	—	35671D857
ET	ENERGY TRANSFER L P	64,203	$1,102	0.0%	$17.16	—	—	29273V100
FSLR	FIRST SOLAR INC	3,963	$874	0.0%	$191.94	+31.4%	—	336433107
—	GOGORO INC	1,350,000	$405	0.0%	$1.54	—	—	G9491K105
SONDQ	SONDER HOLDINGS INC	215,210	$273	0.0%	$4.41	-89.4%	—	83542D300

Decreased Positions (20)

SPY SPDR S&P 500 ETF TR 0.1%

Value ($000) $2,046 (-97.3%) Shares 3,000 (-97.4%) Est. Cost $622.09 Unrealized —

ETHA ISHARES ETHEREUM TR 0.1%

Value ($000) $3,006 (-94.3%) Shares 134,000 (-92.0%) Est. Cost $31.51 Unrealized —

BA BOEING CO 0.2%

Value ($000) $5,971 (-85.2%) Shares 27,500 (-85.3%) Est. Cost $225.47 Unrealized -8.8%

CELH CELSIUS HLDGS INC 0.1%

Value ($000) $1,659 (-91.3%) Shares 36,268 (-89.1%) Est. Cost $38.52 Unrealized +30.8%

WWD WOODWARD INC 5.5%

Value ($000) $136,509 (+13.8%) Shares 451,538 (-4.9%) Est. Cost $215.63 Unrealized +27.4%

META META PLATFORMS INC 1.9%

Value ($000) $48,565 (-22.1%) Shares 73,574 (-13.3%) Est. Cost $316.84 Unrealized +110.6%

VST VISTRA CORP 0.7%

Value ($000) $17,746 (-43.4%) Shares 110,000 (-31.3%) Est. Cost $123.50 Unrealized +47.3%

WBD WARNER BROS DISCOVERY INC 3.5%

Value ($000) $87,879 (+17.3%) Shares 3,049,244 (-20.5%) Est. Cost $9.33 Unrealized +150.6%

MSFT MICROSOFT CORP 3.6%

Value ($000) $90,679 (-12.5%) Shares 187,500 (-6.3%) Est. Cost $318.10 Unrealized +57.4%

UNP UNION PAC CORP 2.5%

Value ($000) $63,574 (-16.2%) Shares 274,833 (-14.4%) Est. Cost $223.15 Unrealized +1.9%

LTH LIFE TIME GROUP HOLDINGS INC 1.4%

Value ($000) $35,219 (-20.2%) Shares 1,325,000 (-17.2%) Est. Cost $29.38 Unrealized -11.4%

TECK TECK RESOURCES LTD 3.2%

Value ($000) $79,471 (-8.9%) Shares 1,659,442 (-16.5%) Est. Cost $36.34 Unrealized +19.2%

FBTC FIDELITY WISE ORIGIN BITCOIN 0.1%

Value ($000) $2,516 (-73.1%) Shares 33,000 (-64.8%) Est. Cost $77.48 Unrealized —

SN SHARKNINJA INC 1.8%

Value ($000) $44,760 (-12.5%) Shares 400,000 (-19.3%) Est. Cost $114.21 Unrealized -13.7%

VRT VERTIV HOLDINGS CO 1.8%

Value ($000) $44,400 (-11.6%) Shares 274,055 (-17.7%) Est. Cost $99.98 Unrealized +73.6%

AMZN AMAZON COM INC 4.0%

Value ($000) $99,253 (-4.9%) Shares 430,000 (-9.5%) Est. Cost $156.70 Unrealized +46.0%

GE GE AEROSPACE 1.9%

Value ($000) $46,205 (-8.3%) Shares 150,000 (-10.4%) Est. Cost $196.00 Unrealized +53.5%

ATRO ASTRONICS CORP 1.0%

Value ($000) $24,896 (-12.2%) Shares 459,005 (-26.2%) Est. Cost $18.79 Unrealized +167.8%

GLD SPDR GOLD TR 0.5%

Value ($000) $11,889 (+3.6%) Shares 30,000 (-7.1%) Est. Cost $282.38 Unrealized —

CVNA CARVANA CO 4.4%

Value ($000) $109,697 (-0.0%) Shares 259,932 (-10.7%) Est. Cost $216.65 Unrealized +71.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	3,000 (-97.4%)	$2,046 (-97.3%)	0.1%	$622.09	—	TR UNIT	78462F103
ETHA	ISHARES ETHEREUM TR	134,000 (-92.0%)	$3,006 (-94.3%)	0.1%	$31.51	—	SHS	46438R105
BA	BOEING CO	27,500 (-85.3%)	$5,971 (-85.2%)	0.2%	$225.47	-8.8%	COM	097023105
CELH	CELSIUS HLDGS INC	36,268 (-89.1%)	$1,659 (-91.3%)	0.1%	$38.52	+30.8%	COM NEW	15118V207
WWD	WOODWARD INC	451,538 (-4.9%)	$136,509 (+13.8%)	5.5%	$215.63	+27.4%	COM	980745103
META	META PLATFORMS INC	73,574 (-13.3%)	$48,565 (-22.1%)	1.9%	$316.84	+110.6%	CL A	30303M102
VST	VISTRA CORP	110,000 (-31.3%)	$17,746 (-43.4%)	0.7%	$123.50	+47.3%	COM	92840M102
WBD	WARNER BROS DISCOVERY INC	3,049,244 (-20.5%)	$87,879 (+17.3%)	3.5%	$9.33	+150.6%	COM SER A	934423104
MSFT	MICROSOFT CORP	187,500 (-6.3%)	$90,679 (-12.5%)	3.6%	$318.10	+57.4%	COM	594918104
UNP	UNION PAC CORP	274,833 (-14.4%)	$63,574 (-16.2%)	2.5%	$223.15	+1.9%	COM	907818108
LTH	LIFE TIME GROUP HOLDINGS INC	1,325,000 (-17.2%)	$35,219 (-20.2%)	1.4%	$29.38	-11.4%	COMMON STOCK	53190C102
TECK	TECK RESOURCES LTD	1,659,442 (-16.5%)	$79,471 (-8.9%)	3.2%	$36.34	+19.2%	CL B	878742204
FBTC	FIDELITY WISE ORIGIN BITCOIN	33,000 (-64.8%)	$2,516 (-73.1%)	0.1%	$77.48	—	SHS	315948109
SN	SHARKNINJA INC	400,000 (-19.3%)	$44,760 (-12.5%)	1.8%	$114.21	-13.7%	COM SHS	G8068L108
VRT	VERTIV HOLDINGS CO	274,055 (-17.7%)	$44,400 (-11.6%)	1.8%	$99.98	+73.6%	COM CL A	92537N108
AMZN	AMAZON COM INC	430,000 (-9.5%)	$99,253 (-4.9%)	4.0%	$156.70	+46.0%	COM	023135106
GE	GE AEROSPACE	150,000 (-10.4%)	$46,205 (-8.3%)	1.9%	$196.00	+53.5%	COM NEW	369604301
ATRO	ASTRONICS CORP	459,005 (-26.2%)	$24,896 (-12.2%)	1.0%	$18.79	+167.8%	COM	046433108
GLD	SPDR GOLD TR	30,000 (-7.1%)	$11,889 (+3.6%)	0.5%	$282.38	—	GOLD SHS	78463V107
CVNA	CARVANA CO	259,932 (-10.7%)	$109,697 (-0.0%)	4.4%	$216.65	+71.6%	CL A	146869102

Unchanged Positions (7)

HOOD ROBINHOOD MKTS INC 1.8%

Value ($000) $45,785 Shares 404,819 Est. Cost $21.08 Unrealized +517.0%

ATI ATI INC 1.5%

Value ($000) $37,297 Shares 325,000 Est. Cost $54.10 Unrealized +80.1%

GLXY GALAXY DIGITAL INC. 0.1%

Value ($000) $3,219 Shares 143,639 Est. Cost $20.30 Unrealized +52.6%

HWM HOWMET AEROSPACE INC 0.8%

Value ($000) $20,042 Shares 97,754 Est. Cost $84.92 Unrealized +134.3%

COIN COINBASE GLOBAL INC 0.1%

Value ($000) $1,662 Shares 7,350 Est. Cost $233.78 Unrealized +27.5%

H HYATT HOTELS CORP 0.1%

Value ($000) $1,593 Shares 9,939 Est. Cost $132.58 Unrealized +15.5%

PLTR PALANTIR TECHNOLOGIES INC 0.1%

Value ($000) $2,133 Shares 12,000 Est. Cost $89.77 Unrealized +101.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HOOD	ROBINHOOD MKTS INC	404,819	$45,785	1.8%	$21.08	+517.0%	COM CL A	770700102
ATI	ATI INC	325,000	$37,297	1.5%	$54.10	+80.1%	COM	01741R102
GLXY	GALAXY DIGITAL INC.	143,639	$3,219	0.1%	$20.30	+52.6%	CL A	36317J209
HWM	HOWMET AEROSPACE INC	97,754	$20,042	0.8%	$84.92	+134.3%	COM	443201108
COIN	COINBASE GLOBAL INC	7,350	$1,662	0.1%	$233.78	+27.5%	COM CL A	19260Q107
H	HYATT HOTELS CORP	9,939	$1,593	0.1%	$132.58	+15.5%	COM CL A	448579102
PLTR	PALANTIR TECHNOLOGIES INC	12,000	$2,133	0.1%	$89.77	+101.7%	CL A	69608A108