Rock Creek Group, LP Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CLBT	CELLEBRITE DI ORD (NMS)	150,000	$2,705	0.3%	$17.96	0.0%	ORDINARY SHARES	M2197Q107
EQT	EQT ORD (NYS)	15,000	$804	0.1%	$56.13	0.0%	COM	26884L109
CSR	CENTERSPACE ORD (NYS)	7,418	$495	0.1%	$66.72	—	COM	15202L107
EWZ	IShares MSCI Brazil Index Fund	11,036	$351	0.0%	$31.77	—	MSCI BRAZIL ETF	464286400
EMXC	IShares MSCI Emerging Markets ex China ETF	4,664	$339	0.0%	$72.68	—	MSCI EMRG CHN	46434G764
KSA	IShares MSCI Saudi Arabia ETF	7,959	$290	0.0%	$36.41	—	MSCI SAUDI ARBIA	46434V423
ACTU	ACTUATE THERAPEUTICS ORD (NMS)	21,759	$133	0.0%	$6.87	0.0%	COM	005083100
RNTX	REIN THERAPEUTICS ORD (NMS)	100,000	$116	0.0%	$1.38	0.0%	COM NEW	00887A204

Increased Positions (13)

TIP iShares TIPS Bond ETF 4.6%

Value ($000) $40,726 (+23.7%) Shares 370,537 (+25.2%) Est. Cost $53.33 Unrealized —

TLT ISHARES 20 YEAR TREASURY BOND ETF 5.0%

Value ($000) $44,224 (+8.2%) Shares 507,314 (+11.0%) Est. Cost $89.10 Unrealized —

ITOT ISHARES CORE S&P TOTAL U.S. 14.3%

Value ($000) $127,532 (+2.4%) Shares 874,062 (+2.2%) Est. Cost $103.52 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 0.8%

Value ($000) $7,063 (+71.0%) Shares 113,062 (+64.0%) Est. Cost $59.14 Unrealized —

LEGH LEGACY HOUSING ORD (NMS) 0.4%

Value ($000) $3,540 (+270.9%) Shares 250,000 (+620.6%) Est. Cost $21.56 Unrealized -0.6%

JPST JP Morgan Ultra Short Income ETF 7.3%

Value ($000) $65,513 (+2.7%) Shares 1,294,929 (+3.0%) Est. Cost $50.45 Unrealized —

EEFT EURONET WORLDWIDE ORD (NMS) 0.1%

Value ($000) $1,146 (-56.5%) Shares 100,000 (+233.3%) Est. Cost $83.88 Unrealized -7.1%

SN SHARKNINJA INC 0.3%

Value ($000) $2,238 (+117.0%) Shares 20,000 (+100.0%) Est. Cost $92.50 Unrealized +6.5%

POWL POWELL INDUSTRIES ORD (NMS) 0.1%

Value ($000) $1,235 (-46.0%) Shares 150,000 (+1900.0%) Est. Cost $332.42 Unrealized +1.2%

IEMG ISHARES CORE MSCI EMERGING ETF 2.6%

Value ($000) $23,246 (+3.7%) Shares 345,824 (+1.7%) Est. Cost $56.09 Unrealized —

SCHP SCHWAB U.S. TIPS ETF 1.2%

Value ($000) $10,780 (+7.4%) Shares 406,932 (+9.3%) Est. Cost $29.01 Unrealized —

PAR PAR TECHNOLOGY ORD (NYS) 0.3%

Value ($000) $2,755 (+16.0%) Shares 250,000 (+316.7%) Est. Cost $39.13 Unrealized -7.8%

GFF GRIFFON ORD (NYS) 0.3%

Value ($000) $2,506 (-6.0%) Shares 125,000 (+257.1%) Est. Cost $62.39 Unrealized +18.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TIP	iShares TIPS Bond ETF	370,537 (+25.2%)	$40,726 (+23.7%)	4.6%	$53.33	—	US TIPS ETF	464287176
TLT	ISHARES 20 YEAR TREASURY BOND ETF	507,314 (+11.0%)	$44,224 (+8.2%)	5.0%	$89.10	—	20 YR TR BD ETF	464287432
ITOT	ISHARES CORE S&P TOTAL U.S.	874,062 (+2.2%)	$127,532 (+2.4%)	14.3%	$103.52	—	CORE S&P TTL STK	464287150
VEA	VANGUARD TAX-MANAGED FDS	113,062 (+64.0%)	$7,063 (+71.0%)	0.8%	$59.14	—	VAN FTSE DEV MKT	921943858
LEGH	LEGACY HOUSING ORD (NMS)	250,000 (+620.6%)	$3,540 (+270.9%)	0.4%	$21.56	-0.6%	COM	52472M101
JPST	JP Morgan Ultra Short Income ETF	1,294,929 (+3.0%)	$65,513 (+2.7%)	7.3%	$50.45	—	ULTRA SHRT INC	46641Q837
EEFT	EURONET WORLDWIDE ORD (NMS)	100,000 (+233.3%)	$1,146 (-56.5%)	0.1%	$83.88	-7.1%	COM	298736109
SN	SHARKNINJA INC	20,000 (+100.0%)	$2,238 (+117.0%)	0.3%	$92.50	+6.5%	COM SHS	G8068L108
POWL	POWELL INDUSTRIES ORD (NMS)	150,000 (+1900.0%)	$1,235 (-46.0%)	0.1%	$332.42	+1.2%	COM	739128106
IEMG	ISHARES CORE MSCI EMERGING ETF	345,824 (+1.7%)	$23,246 (+3.7%)	2.6%	$56.09	—	CORE MSCI EMKT	46434G103
SCHP	SCHWAB U.S. TIPS ETF	406,932 (+9.3%)	$10,780 (+7.4%)	1.2%	$29.01	—	US TIPS ETF	808524870
PAR	PAR TECHNOLOGY ORD (NYS)	250,000 (+316.7%)	$2,755 (+16.0%)	0.3%	$39.13	-7.8%	COM	698884103
GFF	GRIFFON ORD (NYS)	125,000 (+257.1%)	$2,506 (-6.0%)	0.3%	$62.39	+18.9%	COM	398433102

Exited Positions (10)

HYGV FLEXSHARES TRUST HIGH YIELD VALUE SCORED BOND INDEX FUND 0.2%

Value ($000) $2,141 Shares 51,960 Est. Cost $41.17 Unrealized —

CRH CRH PUBLIC LIMITED ORD (NYS) 0.1%

Value ($000) $1,199 Shares 10,000 Est. Cost $75.87 Unrealized +57.0%

SWIM LATHAM GROUP INC 0.1%

Value ($000) $761 Shares 100,000 Est. Cost $4.00 Unrealized +75.1%

IMXI INTERNATIONAL MONEY EXPRESS ORD (NMS) 0.1%

Value ($000) $699 Shares 50,000 Est. Cost $16.11 Unrealized -6.7%

CCS CENTURY CMNTYS INC 0.1%

Value ($000) $634 Shares 10,000 Est. Cost $55.35 Unrealized +9.6%

RTO RENTOKIL INITIAL ADS ECH REP 5 ORD (NYS) 0.1%

Value ($000) $631 Shares 25,000 Est. Cost $28.75 Unrealized —

CROX CROCS ORD (NMS) 0.1%

Value ($000) $627 Shares 7,500 Est. Cost $114.56 Unrealized -27.0%

LQD ISHARES TR IBOXX USD INVT GRADE CORPBD ETF 0.1%

Value ($000) $502 Shares 4,500 Est. Cost $109.61 Unrealized —

IJH ISHARES CORE S&P MID-CAP ETF 0.0%

Value ($000) $38 Shares 587 Est. Cost $620.90 Unrealized —

BXC BLUELINX ORD (NYS) 0.0%

Value ($000) $37 Shares 500 Est. Cost $78.80 Unrealized -18.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HYGV	FLEXSHARES TRUST HIGH YIELD VALUE SCORED BOND INDEX FUND	51,960	$2,141	0.2%	$41.17	—	—	33939L662
CRH	CRH PUBLIC LIMITED ORD (NYS)	10,000	$1,199	0.1%	$75.87	+57.0%	—	G25508105
SWIM	LATHAM GROUP INC	100,000	$761	0.1%	$4.00	+75.1%	—	51819L107
IMXI	INTERNATIONAL MONEY EXPRESS ORD (NMS)	50,000	$699	0.1%	$16.11	-6.7%	—	46005L101
CCS	CENTURY CMNTYS INC	10,000	$634	0.1%	$55.35	+9.6%	—	156504300
RTO	RENTOKIL INITIAL ADS ECH REP 5 ORD (NYS)	25,000	$631	0.1%	$28.75	—	—	760125104
CROX	CROCS ORD (NMS)	7,500	$627	0.1%	$114.56	-27.0%	—	227046109
LQD	ISHARES TR IBOXX USD INVT GRADE CORPBD ETF	4,500	$502	0.1%	$109.61	—	—	464287242
IJH	ISHARES CORE S&P MID-CAP ETF	587	$38	0.0%	$620.90	—	—	464287507
BXC	BLUELINX ORD (NYS)	500	$37	0.0%	$78.80	-18.1%	—	09624H208

Decreased Positions (21)

RSP INVESCO S&P 500 EQUAL WEIGHT 10.1%

Value ($000) $89,627 (-27.4%) Shares 467,881 (-28.1%) Est. Cost $180.06 Unrealized —

IDEV iShares Core MSCI International Developed Markets ETF 5.3%

Value ($000) $47,228 (-22.6%) Shares 572,604 (-24.8%) Est. Cost $64.31 Unrealized —

CHH Choice Hotels Intl Inc 7.4%

Value ($000) $66,118 (-16.5%) Shares 694,079 (-6.3%) Est. Cost $126.04 Unrealized -24.7%

GLD SPDR GOLD SHARES ETF 9.2%

Value ($000) $82,451 (+9.1%) Shares 208,047 (-2.2%) Est. Cost $197.28 Unrealized —

ISHG ISHARES 1 3 YEAR INTL TRS BD 9.2%

Value ($000) $82,010 (-7.7%) Shares 1,089,975 (-6.5%) Est. Cost $76.53 Unrealized —

GBIL GOLDMAN SACHS ACCESS TREASURY 0 1 3.1%

Value ($000) $27,573 (-19.7%) Shares 275,894 (-19.4%) Est. Cost $100.18 Unrealized —

SHE SPDR MSCI USA GENDER DIVERSI 2.1%

Value ($000) $18,485 (-19.4%) Shares 139,960 (-22.2%) Est. Cost $127.46 Unrealized —

IVV ISHARES CORE S P 500 ETF 2.5%

Value ($000) $22,599 (-11.3%) Shares 32,994 (-13.4%) Est. Cost $620.90 Unrealized —

AGG ISHARES CORE U.S. AGGREGATE BOND ETF 6.5%

Value ($000) $58,371 (-2.4%) Shares 584,410 (-2.0%) Est. Cost $95.61 Unrealized —

VWO VANGUARD FTSE EMERGING MARKETS INDEX 0.2%

Value ($000) $1,954 (-29.2%) Shares 36,342 (-28.6%) Est. Cost $49.67 Unrealized —

IEFA ISHARES CORE MSCI EAFE ETF 0.5%

Value ($000) $4,659 (-14.1%) Shares 52,074 (-16.1%) Est. Cost $78.36 Unrealized —

XPOF XPONENTIAL FITNESS CL A ORD (NYS) 0.0%

Value ($000) $195 (-74.9%) Shares 10,000 (-90.0%) Est. Cost $12.41 Unrealized -42.8%

FLYW FLYWIRE ORD (NMS) 0.4%

Value ($000) $3,628 (+19.1%) Shares 100,000 (-55.6%) Est. Cost $13.02 Unrealized +5.1%

PRKS UNITED PARKS & RESORTS INC 0.3%

Value ($000) $2,946 (+14.0%) Shares 40,000 (-20.0%) Est. Cost $51.93 Unrealized -20.0%

IGF ISHARES TR GLOBAL INFRASTRUCTURE ETFINDEX FD 0.1%

Value ($000) $1,085 (-24.0%) Shares 17,688 (-24.3%) Est. Cost $59.20 Unrealized —

AVTR AVANTOR ORD (NYS) 0.1%

Value ($000) $908 (-27.3%) Shares 25,000 (-75.0%) Est. Cost $12.88 Unrealized -4.5%

GENI GENIUS SPORTS ORD (NYS) 0.3%

Value ($000) $2,283 (-7.8%) Shares 30,000 (-85.0%) Est. Cost $6.29 Unrealized +73.3%

GNR SPDR INDEX SHS FDS S&P GLOBAL NAT RES ETF 0.0%

Value ($000) $368 (-31.0%) Shares 5,916 (-34.3%) Est. Cost $65.40 Unrealized —

PHIN PHINIA ORD (NYS) 0.2%

Value ($000) $2,194 (-4.6%) Shares 35,000 (-12.5%) Est. Cost $46.19 Unrealized +19.3%

TDTF FLEXSHARES TR IBOXX 5 YR TARGET DURATION TIPS INDEX FD 0.0%

Value ($000) $98 (-29.5%) Shares 4,110 (-28.6%) Est. Cost $24.13 Unrealized —

FIVN FIVE9 INC 0.3%

Value ($000) $2,391 (-1.2%) Shares 7,500 (-92.5%) Est. Cost $26.13 Unrealized -18.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RSP	INVESCO S&P 500 EQUAL WEIGHT	467,881 (-28.1%)	$89,627 (-27.4%)	10.1%	$180.06	—	S&P500 EQL WGT	46137V357
IDEV	iShares Core MSCI International Developed Markets ETF	572,604 (-24.8%)	$47,228 (-22.6%)	5.3%	$64.31	—	CORE MSCI INTL	46435G326
CHH	Choice Hotels Intl Inc	694,079 (-6.3%)	$66,118 (-16.5%)	7.4%	$126.04	-24.7%	COM	169905106
GLD	SPDR GOLD SHARES ETF	208,047 (-2.2%)	$82,451 (+9.1%)	9.2%	$197.28	—	GOLD SHS	78463V107
ISHG	ISHARES 1 3 YEAR INTL TRS BD	1,089,975 (-6.5%)	$82,010 (-7.7%)	9.2%	$76.53	—	3YRTB ETF	464288125
GBIL	GOLDMAN SACHS ACCESS TREASURY 0 1	275,894 (-19.4%)	$27,573 (-19.7%)	3.1%	$100.18	—	ACCES TREASURY	381430529
SHE	SPDR MSCI USA GENDER DIVERSI	139,960 (-22.2%)	$18,485 (-19.4%)	2.1%	$127.46	—	SPDR MSCI USA GE	78468R747
IVV	ISHARES CORE S P 500 ETF	32,994 (-13.4%)	$22,599 (-11.3%)	2.5%	$620.90	—	CORE S&P500 ETF	464287200
AGG	ISHARES CORE U.S. AGGREGATE BOND ETF	584,410 (-2.0%)	$58,371 (-2.4%)	6.5%	$95.61	—	CORE US AGGBD ET	464287226
VWO	VANGUARD FTSE EMERGING MARKETS INDEX	36,342 (-28.6%)	$1,954 (-29.2%)	0.2%	$49.67	—	FTSE EMR MKT ETF	922042858
IEFA	ISHARES CORE MSCI EAFE ETF	52,074 (-16.1%)	$4,659 (-14.1%)	0.5%	$78.36	—	CORE MSCI EAFE	46432F842
XPOF	XPONENTIAL FITNESS CL A ORD (NYS)	10,000 (-90.0%)	$195 (-74.9%)	0.0%	$12.41	-42.8%	COM CL A	98422X101
FLYW	FLYWIRE ORD (NMS)	100,000 (-55.6%)	$3,628 (+19.1%)	0.4%	$13.02	+5.1%	COM VTG	302492103
PRKS	UNITED PARKS & RESORTS INC	40,000 (-20.0%)	$2,946 (+14.0%)	0.3%	$51.93	-20.0%	COM	81282V100
IGF	ISHARES TR GLOBAL INFRASTRUCTURE ETFINDEX FD	17,688 (-24.3%)	$1,085 (-24.0%)	0.1%	$59.20	—	GLB INFRASTR ETF	464288372
AVTR	AVANTOR ORD (NYS)	25,000 (-75.0%)	$908 (-27.3%)	0.1%	$12.88	-4.5%	COM	05352A100
GENI	GENIUS SPORTS ORD (NYS)	30,000 (-85.0%)	$2,283 (-7.8%)	0.3%	$6.29	+73.3%	SHARES CL A	G3934V109
GNR	SPDR INDEX SHS FDS S&P GLOBAL NAT RES ETF	5,916 (-34.3%)	$368 (-31.0%)	0.0%	$65.40	—	GLB NAT RESRCE	78463X541
PHIN	PHINIA ORD (NYS)	35,000 (-12.5%)	$2,194 (-4.6%)	0.2%	$46.19	+19.3%	COMMON STOCK	71880K101
TDTF	FLEXSHARES TR IBOXX 5 YR TARGET DURATION TIPS INDEX FD	4,110 (-28.6%)	$98 (-29.5%)	0.0%	$24.13	—	IBOXX 5YR TRGT	33939L605
FIVN	FIVE9 INC	7,500 (-92.5%)	$2,391 (-1.2%)	0.3%	$26.13	-18.8%	COM	338307101

Unchanged Positions (10)

ESGU ISHARES TRUST ISHARES ESG AWARE 2.7%

Value ($000) $24,001 Shares 161,100 Est. Cost $132.72 Unrealized —

ALTG ALTA EQUIPMENT GROUP CL A ORD (NYS) 0.1%

Value ($000) $460 Shares 100,000 Est. Cost $10.02 Unrealized -45.2%

— TAIWAN FUND INC/THE/MD CLOSED-END FUND USD 0.01 0.4%

Value ($000) $3,534 Shares 66,210 Est. Cost $53.34 Unrealized —

WOMN IMPACT SHARES WOMENS EMPOWERMENT ETF 0.2%

Value ($000) $1,620 Shares 39,015 Est. Cost $39.66 Unrealized —

EWJ Ishares MSCI Japan ETF 0.3%

Value ($000) $2,978 Shares 36,880 Est. Cost $69.30 Unrealized —

AIOT POWERFLEET ORD (NMS) 0.1%

Value ($000) $532 Shares 100,000 Est. Cost $5.64 Unrealized -9.3%

EWT ISHARES MSCI TAIWAN ETF ETP USD 0.3%

Value ($000) $2,936 Shares 46,220 Est. Cost $58.57 Unrealized —

VTI VANGUARD TOTAL STOCK MARKET INDEX 0.0%

Value ($000) $117 Shares 348 Est. Cost $328.17 Unrealized —

IGSB ISHARES TR 1-5 YR INVT GRADE CORPORATE BD ETF 0.1%

Value ($000) $600 Shares 11,347 Est. Cost $52.76 Unrealized —

TDTT FLEXSHARES TR IBOXX 3R TARGT 0.0%

Value ($000) $50 Shares 2,064 Est. Cost $24.33 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ESGU	ISHARES TRUST ISHARES ESG AWARE	161,100	$24,001	2.7%	$132.72	—	ESG AWR MSCI USA	46435G425
ALTG	ALTA EQUIPMENT GROUP CL A ORD (NYS)	100,000	$460	0.1%	$10.02	-45.2%	COM	02128L106
—	TAIWAN FUND INC/THE/MD CLOSED-END FUND USD 0.01	66,210	$3,534	0.4%	$53.34	—	COM	874036106
WOMN	IMPACT SHARES WOMENS EMPOWERMENT ETF	39,015	$1,620	0.2%	$39.66	—	IMPACT SHARES WO	45259A100
EWJ	Ishares MSCI Japan ETF	36,880	$2,978	0.3%	$69.30	—	MSCI JPN ETF NEW	46434G822
AIOT	POWERFLEET ORD (NMS)	100,000	$532	0.1%	$5.64	-9.3%	COM	73931J109
EWT	ISHARES MSCI TAIWAN ETF ETP USD	46,220	$2,936	0.3%	$58.57	—	MSCI TAIWAN ETF	46434G772
VTI	VANGUARD TOTAL STOCK MARKET INDEX	348	$117	0.0%	$328.17	—	TOTAL STK MKT	922908769
IGSB	ISHARES TR 1-5 YR INVT GRADE CORPORATE BD ETF	11,347	$600	0.1%	$52.76	—	ISHS 1-5YR INVS	464288646
TDTT	FLEXSHARES TR IBOXX 3R TARGT	2,064	$50	0.0%	$24.33	—	IBOXX 3R TARGT	33939L506