Anson Funds Management LP Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSTR	Strategy Inc	750,000	$113,963	10.7%	—	—	PUT	594972408
MSOS	AdvisorShares Pure US Cannabis ETF	7,838,099	$36,996	3.5%	$4.72	—	Exchange Traded Fund	00768Y453
SPY	SPDR S&P 500 ETF Trust	50,000	$34,096	3.2%	—	—	PUT	78462F103
NWAX/U	New America Acquisition I Corp	2,968,491	$30,902	2.9%	$10.41	—	Equity Unit	023634207
MBAV	M3-Brigade Acquisition V Corp	2,840,317	$30,193	2.8%	$10.62	0.0%	Equity	G63212107
BLUW	Blue Water Acquisition Corp III	2,485,000	$25,645	2.4%	$10.13	0.0%	Equity	G1368E106
CP	Canadian Pacific Kansas City Ltd	300,000	$22,089	2.1%	—	—	CALL	13646K108
CEPO	Cantor Equity Partners I Inc	2,039,750	$21,234	2.0%	$10.46	0.0%	Equity	G1827K107
AVB	AvalonBay Communities Inc	100,000	$18,131	1.7%	—	—	CALL	053484101
IMPP	Imperial Petroleum Inc	4,359,759	$15,782	1.5%	$4.92	0.0%	Equity	Y3894J187
GDXJ	VanEck Junior Gold Miners ETF	133,300	$15,167	1.4%	—	—	PUT	92189F791
CCXIU	Churchill Capital Corp XI	1,300,974	$13,283	1.3%	$10.21	—	Equity Unit	G2131A124
BLUWW	Blue Water Acquisition Corp III	1,261,031	$13,014	1.2%	$10.32	—	Warrant	G1368E114
BCE	BCE Inc	500,000	$11,928	1.1%	—	—	CALL	05534B760
GROY	Gold Royalty Corp	2,750,000	$11,110	1.0%	$3.83	0.0%	Equity	38071H106
REKR	Rekor Systems Inc	7,532,319	$10,395	1.0%	$2.04	0.0%	Equity	759419104
ORCL	Oracle Corp	50,000	$9,746	0.9%	—	—	CALL	68389X105
BRR	Procap Financial Inc	2,453,276	$8,660	0.8%	$7.98	0.0%	Equity	74277P105
BHVN	Biohaven Ltd	667,381	$7,535	0.7%	$12.39	0.0%	Equity	G1110E107
TU	TELUS Corp	400,000	$5,273	0.5%	$14.08	0.0%	Equity	87971M103
ALIT	Alight Inc	2,450,000	$4,778	0.5%	$2.46	0.0%	Equity	01626W101
LOVE	LOVESAC CO/THE	300,000	$4,425	0.4%	$23.92	-40.9%	CALL	54738L109
CIGI	Colliers International Group Inc	25,000	$3,675	0.3%	$150.11	0.0%	Equity	194693107
HPP	Hudson Pacific Properties Inc	333,500	$3,612	0.3%	$10.83	—	CALL	444097406
BHR	Braemar Hotels & Resorts Inc	1,217,903	$3,495	0.3%	$2.87	—	Equity	10482B101
NKE	NIKE Inc	50,000	$3,186	0.3%	—	—	CALL	654106103
REZI	Resideo Technologies Inc	90,000	$3,161	0.3%	$37.00	0.0%	Equity	76118Y104
TNYA	Tenaya Therapeutics Inc	4,152,966	$2,955	0.3%	$1.36	0.0%	Equity	87990A106
WELL	Welltower Inc	15,500	$2,877	0.3%	$186.47	0.0%	Equity	95040Q104
SUI	Sun Communities Inc	23,000	$2,850	0.3%	$123.91	—	Equity	866674104
FRMI	Fermi Inc	352,672	$2,821	0.3%	$19.51	0.0%	Equity	314911108
COLD	Americold Realty Trust Inc	205,000	$2,636	0.2%	—	—	CALL	03064D108
KRC	Kilroy Realty Corp	70,000	$2,616	0.2%	$37.37	—	Equity	49427F108
SE	Sea Ltd	20,000	$2,551	0.2%	$127.57	—	ADR	81141R100
CWK	Cushman & Wakefield Ltd	149,103	$2,414	0.2%	$15.85	0.0%	Equity	G2717C106
ESS	ESSEX PROPERTY TRUST INC	9,100	$2,381	0.2%	$256.27	0.0%	Equity	297178105
HPP	Hudson Pacific Properties Inc	214,899	$2,327	0.2%	$10.83	—	Equity	444097406
GRTUF	Granite Real Estate Investment Trust	38,200	$2,274	0.2%	$59.54	—	Equity	387437205
FSV	FirstService Corp	14,100	$2,193	0.2%	$162.42	0.0%	Equity	33767E202
SITC	SITE Centers Corp	341,025	$2,189	0.2%	$6.42	—	Equity	82981J851
Z	Zillow Group Inc	30,000	$2,047	0.2%	$72.41	0.0%	Equity	98954M200
CAPR	CAPRICOR THERAPEUTICS INC	68,018	$1,963	0.2%	$13.06	0.0%	Equity	14070B309
APP	AppLovin Corp	2,750	$1,853	0.2%	$630.10	0.0%	Equity	03831W108
CSR	Centerspace	26,656	$1,778	0.2%	$66.72	—	Equity	15202L107
STI	Solidion Technology Inc	240,400	$1,704	0.2%	$10.17	0.0%	Equity	834212201
FISV	Fiserv Inc	25,000	$1,679	0.2%	$83.87	0.0%	Equity	337738108
AAT	American Assets Trust Inc	75,785	$1,435	0.1%	$18.93	—	Equity	024013104
BNL	Broadstone Net Lease Inc	80,000	$1,390	0.1%	$17.37	—	Equity	11135E203
B	Barrick Mining Corp	25,000	$1,089	0.1%	—	—	CALL	06849F108
TSM	Taiwan Semiconductor Manufacturing Co Ltd	3,500	$1,064	0.1%	$303.89	—	ADR	874039100
BLUWU	Blue Water Acquisition Corp III	100,000	$1,055	0.1%	$10.55	—	Equity Unit	G1368E122
RR	Richtech Robotics Inc	300,000	$969	0.1%	—	—	CALL	765504105
SLG	SL Green Realty Corp	20,000	$917	0.1%	$45.87	—	Equity	78440X887
VYNE	VYNE Therapeutics Inc	1,274,386	$739	0.1%	$0.40	0.0%	Equity	92941V308
USAS	Americas Gold & Silver Corp	100,000	$513	0.0%	$4.50	0.0%	Equity	03062D803
RIVN	Rivian Automotive Inc	25,000	$493	0.0%	—	—	CALL	76954A103
CVNA	CARVANA CO	1,000	$422	0.0%	$371.73	0.0%	Equity	146869102
ZNB	Zeta Network Group	595,397	$345	0.0%	$1.15	0.0%	Equity	G2287A134
SSM	Sono Group NV	38,054	$266	0.0%	$7.37	0.0%	Equity	N81409125
ALUR/WS	Allurion Technologies Inc	59,881	$74	0.0%	$1.23	—	Equity	02008G110
BFRGW	Bullfrog AI Holdings Inc	80,750	$71	0.0%	$0.88	—	Warrant	12021E117
—	Digital Currency X Technology Inc	171,685	$64	0.0%	$0.37	—	Equity	G4465R129
RENX	RenX Enterprises Corp	71,840	$14	0.0%	$0.87	0.0%	Equity	78637J204

Increased Positions (20)

LION Lionsgate Studios Corp 8.2%

Value ($000) $87,255 (+80.3%) Shares 9,556,948 (+36.3%) Est. Cost $6.79 Unrealized +4.7%

EWC iShares MSCI Canada ETF 5.1%

Value ($000) $53,930 (+113.4%) Shares 1,000,000 (+100.0%) Est. Cost — Unrealized —

CCO Clear Channel Outdoor Holdings Inc 4.1%

Value ($000) $43,852 (+52.2%) Shares 19,842,452 (+8.8%) Est. Cost $1.43 Unrealized +30.1%

MCGAW Yorkville Acquisition Corp 0.4%

Value ($000) $4,634 (+188.2%) Shares 457,467 (+203.3%) Est. Cost $10.30 Unrealized —

TOON Kartoon Studios Inc 0.4%

Value ($000) $3,743 (+185.2%) Shares 5,198,384 (+192.3%) Est. Cost $0.73 Unrealized +0.7%

MCGA Yorkville Acquisition Corp 1.7%

Value ($000) $17,972 (+14.5%) Shares 1,774,150 (+20.5%) Est. Cost $10.65 Unrealized -3.3%

LOVE LOVESAC CO/THE 1.5%

Value ($000) $15,792 (-10.8%) Shares 1,070,665 (+2.4%) Est. Cost $23.92 Unrealized -40.9%

RSKD Riskified Ltd 0.3%

Value ($000) $3,150 (+150.7%) Shares 633,746 (+136.0%) Est. Cost $4.80 Unrealized +0.3%

IAUX/WS i-80 Gold Corp 0.4%

Value ($000) $4,436 (+59.3%) Shares 3,013,847 (+3.4%) Est. Cost $0.97 Unrealized —

NRXP NRX Therapeutics Inc 0.8%

Value ($000) $8,249 (+23.4%) Shares 3,043,957 (+50.3%) Est. Cost $2.68 Unrealized +0.3%

OR OR Royalties Inc 0.3%

Value ($000) $3,543 (+76.8%) Shares 100,000 (+100.0%) Est. Cost — Unrealized —

MLCI Mount Logan Capital Inc 0.4%

Value ($000) $3,792 (+45.9%) Shares 459,666 (+38.0%) Est. Cost $5.78 Unrealized +34.5%

WFG West Fraser Timber Co Ltd 0.1%

Value ($000) $1,227 (+80.6%) Shares 20,100 (+101.0%) Est. Cost $67.76 Unrealized -7.6%

FCRS/U FutureCrest Acquisition Corp 2.5%

Value ($000) $26,511 (+2.1%) Shares 2,588,965 (+5.7%) Est. Cost $10.58 Unrealized —

— 22ND CENTURY GROUP INC 0.1%

Value ($000) $588 (+254.1%) Shares 763,212 (+677.1%) Est. Cost $1.14 Unrealized —

SGHC Super Group SGHC Ltd 0.3%

Value ($000) $3,047 (-7.7%) Shares 255,000 (+2.0%) Est. Cost $11.77 Unrealized +2.1%

MKL Markel Group Inc 0.1%

Value ($000) $948 (+19.8%) Shares 441 (+6.5%) Est. Cost $1655.01 Unrealized +22.4%

LW Lamb Weston Holdings Inc 0.6%

Value ($000) $6,249 (-1.5%) Shares 149,187 (+36.6%) Est. Cost $55.66 Unrealized +5.5%

COST Costco Wholesale Corp 0.1%

Value ($000) $787 (+10.8%) Shares 913 (+18.9%) Est. Cost $873.63 Unrealized +3.7%

BRK/B Berkshire Hathaway Inc 0.1%

Value ($000) $868 (+7.2%) Shares 1,727 (+7.2%) Est. Cost $455.91 Unrealized +9.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LION	Lionsgate Studios Corp	9,556,948 (+36.3%)	$87,255 (+80.3%)	8.2%	$6.79	+4.7%	Equity	53626N102
EWC	iShares MSCI Canada ETF	1,000,000 (+100.0%)	$53,930 (+113.4%)	5.1%	—	—	PUT	464286509
CCO	Clear Channel Outdoor Holdings Inc	19,842,452 (+8.8%)	$43,852 (+52.2%)	4.1%	$1.43	+30.1%	Equity	18453H106
MCGAW	Yorkville Acquisition Corp	457,467 (+203.3%)	$4,634 (+188.2%)	0.4%	$10.30	—	Warrant	G98659124
TOON	Kartoon Studios Inc	5,198,384 (+192.3%)	$3,743 (+185.2%)	0.4%	$0.73	+0.7%	Equity	37229T509
MCGA	Yorkville Acquisition Corp	1,774,150 (+20.5%)	$17,972 (+14.5%)	1.7%	$10.65	-3.3%	Equity	G98659116
LOVE	LOVESAC CO/THE	1,070,665 (+2.4%)	$15,792 (-10.8%)	1.5%	$23.92	-40.9%	Equity	54738L109
RSKD	Riskified Ltd	633,746 (+136.0%)	$3,150 (+150.7%)	0.3%	$4.80	+0.3%	Equity	M8216R109
IAUX/WS	i-80 Gold Corp	3,013,847 (+3.4%)	$4,436 (+59.3%)	0.4%	$0.97	—	Warrant	44955L155
NRXP	NRX Therapeutics Inc	3,043,957 (+50.3%)	$8,249 (+23.4%)	0.8%	$2.68	+0.3%	Equity	629444209
OR	OR Royalties Inc	100,000 (+100.0%)	$3,543 (+76.8%)	0.3%	—	—	CALL	68390D106
MLCI	Mount Logan Capital Inc	459,666 (+38.0%)	$3,792 (+45.9%)	0.4%	$5.78	+34.5%	Equity	62188E103
WFG	West Fraser Timber Co Ltd	20,100 (+101.0%)	$1,227 (+80.6%)	0.1%	$67.76	-7.6%	Equity	952845105
FCRS/U	FutureCrest Acquisition Corp	2,588,965 (+5.7%)	$26,511 (+2.1%)	2.5%	$10.58	—	Equity Unit	G3730U123
—	22ND CENTURY GROUP INC	763,212 (+677.1%)	$588 (+254.1%)	0.1%	$1.14	—	Equity	90137F509
SGHC	Super Group SGHC Ltd	255,000 (+2.0%)	$3,047 (-7.7%)	0.3%	$11.77	+2.1%	Equity	G8588X103
MKL	Markel Group Inc	441 (+6.5%)	$948 (+19.8%)	0.1%	$1655.01	+22.4%	Equity	570535104
LW	Lamb Weston Holdings Inc	149,187 (+36.6%)	$6,249 (-1.5%)	0.6%	$55.66	+5.5%	Equity	513272104
COST	Costco Wholesale Corp	913 (+18.9%)	$787 (+10.8%)	0.1%	$873.63	+3.7%	Equity	22160K105
BRK/B	Berkshire Hathaway Inc	1,727 (+7.2%)	$868 (+7.2%)	0.1%	$455.91	+9.1%	Equity	084670702

Exited Positions (53)

QUBT Quantum Computing Inc 9.3%

Value ($000) $98,925 Shares 5,373,455 Est. Cost $11.82 Unrealized +20.4%

— Strive Inc 8.3%

Value ($000) $88,125 Shares 35,250,000 Est. Cost $2.50 Unrealized —

SLMT Brera Holdings PLC 6.3%

Value ($000) $66,667 Shares 2,222,222 Est. Cost $9.21 Unrealized -13.2%

IYR iShares U.S. Real Estate ETF 3.1%

Value ($000) $32,376 Shares 333,500 Est. Cost — Unrealized —

QQQ Invesco QQQ Trust Series 1 2.6%

Value ($000) $27,617 Shares 46,000 Est. Cost — Unrealized —

APP AppLovin Corp 2.4%

Value ($000) $25,508 Shares 35,500 Est. Cost $630.10 Unrealized 0.0%

QMMM QMMM Holdings Ltd 1.7%

Value ($000) $17,574 Shares 147,186 Est. Cost $28.51 Unrealized +318.9%

CAEP Cantor Equity Partners III Inc 1.1%

Value ($000) $11,669 Shares 1,130,702 Est. Cost $10.53 Unrealized -1.4%

ADSEW Ads-Tec Energy PLC 1.0%

Value ($000) $10,964 Shares 913,642 Est. Cost $12.00 Unrealized —

DOCU DocuSign Inc 1.0%

Value ($000) $10,814 Shares 150,000 Est. Cost $77.06 Unrealized -10.3%

SLS SELLAS Life Sciences Group Inc 0.9%

Value ($000) $9,713 Shares 6,032,938 Est. Cost $1.75 Unrealized +10.8%

SLNO Soleno Therapeutics Inc 0.8%

Value ($000) $8,788 Shares 130,000 Est. Cost — Unrealized —

ARKK ARK Innovation ETF 0.8%

Value ($000) $8,630 Shares 100,000 Est. Cost — Unrealized —

IYR iShares U.S. Real Estate ETF 0.7%

Value ($000) $7,951 Shares 81,900 Est. Cost — Unrealized —

GDX VanEck Gold Miners ETF/USA 0.7%

Value ($000) $7,640 Shares 100,000 Est. Cost — Unrealized —

FWDI Forward Industries Inc 0.7%

Value ($000) $6,911 Shares 270,271 Est. Cost $16.47 Unrealized -22.1%

KRE SPDR S&P Regional Banking ETF 0.6%

Value ($000) $6,330 Shares 100,000 Est. Cost — Unrealized —

IWM iShares Russell 2000 ETF 0.6%

Value ($000) $6,049 Shares 25,000 Est. Cost — Unrealized —

AEXA American Exceptionalism Acquisition Corp A 0.6%

Value ($000) $6,013 Shares 550,100 Est. Cost $10.77 Unrealized +4.2%

AQN Algonquin Power & Utilities Corp 0.6%

Value ($000) $5,911 Shares 1,100,000 Est. Cost $5.68 Unrealized +4.6%

AGX ARGAN INC 0.5%

Value ($000) $5,401 Shares 20,000 Est. Cost $150.16 Unrealized +111.0%

JETS US Global Jets ETF 0.5%

Value ($000) $4,930 Shares 200,000 Est. Cost — Unrealized —

BKD Brookdale Senior Living Inc 0.5%

Value ($000) $4,828 Shares 570,000 Est. Cost $6.10 Unrealized +61.3%

OXY Occidental Petroleum Corp 0.4%

Value ($000) $4,725 Shares 100,000 Est. Cost $44.74 Unrealized -7.1%

TECK Teck Resources Ltd 0.4%

Value ($000) $4,389 Shares 100,000 Est. Cost — Unrealized —

VRT Vertiv Holdings Co 0.4%

Value ($000) $4,149 Shares 27,500 Est. Cost $133.31 Unrealized +30.2%

IAG IAMGOLD Corp 0.4%

Value ($000) $3,879 Shares 300,000 Est. Cost — Unrealized —

ADSE Ads-Tec Energy PLC 0.3%

Value ($000) $3,668 Shares 305,653 Est. Cost $11.55 Unrealized -2.6%

MYGN MYRIAD GENETICS INC 0.3%

Value ($000) $3,647 Shares 504,382 Est. Cost $5.91 Unrealized +22.8%

— Mr Cooper Group Inc 0.3%

Value ($000) $3,373 Shares 16,000 Est. Cost $210.79 Unrealized —

CEG Constellation Energy Corp 0.3%

Value ($000) $3,291 Shares 10,000 Est. Cost $311.06 Unrealized +16.8%

DVLT Datavault AI Inc 0.3%

Value ($000) $3,218 Shares 2,952,170 Est. Cost $1.34 Unrealized +33.2%

AVGO Broadcom Inc 0.3%

Value ($000) $3,134 Shares 9,500 Est. Cost $267.92 Unrealized +33.2%

VRE Veris Residential Inc 0.3%

Value ($000) $3,052 Shares 200,801 Est. Cost $16.52 Unrealized —

CDE Coeur Mining Inc 0.3%

Value ($000) $2,814 Shares 150,000 Est. Cost $12.24 Unrealized +42.1%

CCCX Churchill Capital Corp X 0.2%

Value ($000) $2,361 Shares 183,569 Est. Cost $12.86 Unrealized —

TSHA Taysha Gene Therapies Inc 0.2%

Value ($000) $1,973 Shares 603,500 Est. Cost $2.17 Unrealized +123.5%

XTIA XTI Aerospace Inc 0.2%

Value ($000) $1,940 Shares 1,319,687 Est. Cost $1.87 Unrealized -21.4%

RCI Rogers Communications Inc 0.2%

Value ($000) $1,721 Shares 50,000 Est. Cost $36.38 Unrealized +3.0%

LMFA LM Funding America Inc 0.2%

Value ($000) $1,608 Shares 1,410,790 Est. Cost $1.93 Unrealized -50.5%

UMH UMH Properties Inc 0.1%

Value ($000) $1,485 Shares 100,000 Est. Cost $14.85 Unrealized —

CDLX Cardlytics Inc 0.1%

Value ($000) $1,364 Shares 561,500 Est. Cost — Unrealized —

SLSR Solaris Resources Inc 0.1%

Value ($000) $956 Shares 149,800 Est. Cost $5.31 Unrealized +30.6%

ETN Eaton Corp PLC 0.1%

Value ($000) $936 Shares 2,500 Est. Cost $363.27 Unrealized -2.4%

— Boxlight Corp 0.1%

Value ($000) $802 Shares 332,970 Est. Cost $2.41 Unrealized —

CRWV Coreweave Inc 0.1%

Value ($000) $684 Shares 5,000 Est. Cost $118.31 Unrealized -14.3%

SILO Silo Pharma Inc 0.1%

Value ($000) $657 Shares 952,381 Est. Cost $0.67 Unrealized -26.1%

GAU Galiano Gold Inc 0.1%

Value ($000) $653 Shares 300,000 Est. Cost $1.87 Unrealized +32.5%

DDC DDC Enterprise Ltd 0.1%

Value ($000) $548 Shares 64,498 Est. Cost $5.49 Unrealized -3.2%

— Jiuzi Holdings Inc 0.0%

Value ($000) $263 Shares 616,216 Est. Cost $0.43 Unrealized —

ARQQW Arqit Quantum Inc 0.0%

Value ($000) $205 Shares 5,300 Est. Cost $38.75 Unrealized —

BFRG Bullfrog AI Holdings Inc 0.0%

Value ($000) $113 Shares 80,750 Est. Cost $1.37 Unrealized -14.7%

HUBCW Hub Cyber Security Ltd 0.0%

Value ($000) $20 Shares 10,113 Est. Cost $1.30 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QUBT	Quantum Computing Inc	5,373,455	$98,925	9.3%	$11.82	+20.4%	—	74766W108
—	Strive Inc	35,250,000	$88,125	8.3%	$2.50	—	—	862945102
SLMT	Brera Holdings PLC	2,222,222	$66,667	6.3%	$9.21	-13.2%	—	G13311116
IYR	iShares U.S. Real Estate ETF	333,500	$32,376	3.1%	—	—	PUT	464287739
QQQ	Invesco QQQ Trust Series 1	46,000	$27,617	2.6%	—	—	PUT	46090E103
APP	AppLovin Corp	35,500	$25,508	2.4%	$630.10	0.0%	PUT	03831W108
QMMM	QMMM Holdings Ltd	147,186	$17,574	1.7%	$28.51	+318.9%	—	G7309R114
CAEP	Cantor Equity Partners III Inc	1,130,702	$11,669	1.1%	$10.53	-1.4%	—	G1828A108
ADSEW	Ads-Tec Energy PLC	913,642	$10,964	1.0%	$12.00	—	—	G0085J109
DOCU	DocuSign Inc	150,000	$10,814	1.0%	$77.06	-10.3%	—	256163106
SLS	SELLAS Life Sciences Group Inc	6,032,938	$9,713	0.9%	$1.75	+10.8%	—	81642T209
SLNO	Soleno Therapeutics Inc	130,000	$8,788	0.8%	—	—	CALL	834203309
ARKK	ARK Innovation ETF	100,000	$8,630	0.8%	—	—	PUT	00214Q104
IYR	iShares U.S. Real Estate ETF	81,900	$7,951	0.7%	—	—	CALL	464287739
GDX	VanEck Gold Miners ETF/USA	100,000	$7,640	0.7%	—	—	PUT	92189F106
FWDI	Forward Industries Inc	270,271	$6,911	0.7%	$16.47	-22.1%	—	349862409
KRE	SPDR S&P Regional Banking ETF	100,000	$6,330	0.6%	—	—	CALL	78464A698
IWM	iShares Russell 2000 ETF	25,000	$6,049	0.6%	—	—	CALL	464287655
AEXA	American Exceptionalism Acquisition Corp A	550,100	$6,013	0.6%	$10.77	+4.2%	—	G0273J101
AQN	Algonquin Power & Utilities Corp	1,100,000	$5,911	0.6%	$5.68	+4.6%	—	015857105
AGX	ARGAN INC	20,000	$5,401	0.5%	$150.16	+111.0%	—	04010E109
JETS	US Global Jets ETF	200,000	$4,930	0.5%	—	—	PUT	26922A842
BKD	Brookdale Senior Living Inc	570,000	$4,828	0.5%	$6.10	+61.3%	CALL	112463104
OXY	Occidental Petroleum Corp	100,000	$4,725	0.4%	$44.74	-7.1%	—	674599105
TECK	Teck Resources Ltd	100,000	$4,389	0.4%	—	—	PUT	878742204
VRT	Vertiv Holdings Co	27,500	$4,149	0.4%	$133.31	+30.2%	—	92537N108
IAG	IAMGOLD Corp	300,000	$3,879	0.4%	—	—	CALL	450913108
ADSE	Ads-Tec Energy PLC	305,653	$3,668	0.3%	$11.55	-2.6%	—	G0085J117
MYGN	MYRIAD GENETICS INC	504,382	$3,647	0.3%	$5.91	+22.8%	—	62855J104
—	Mr Cooper Group Inc	16,000	$3,373	0.3%	$210.79	—	—	62482R107
CEG	Constellation Energy Corp	10,000	$3,291	0.3%	$311.06	+16.8%	—	21037T109
DVLT	Datavault AI Inc	2,952,170	$3,218	0.3%	$1.34	+33.2%	—	86633R609
AVGO	Broadcom Inc	9,500	$3,134	0.3%	$267.92	+33.2%	—	11135F101
VRE	Veris Residential Inc	200,801	$3,052	0.3%	$16.52	—	—	554489104
CDE	Coeur Mining Inc	150,000	$2,814	0.3%	$12.24	+42.1%	—	192108504
CCCX	Churchill Capital Corp X	183,569	$2,361	0.2%	$12.86	—	—	G2130T108
TSHA	Taysha Gene Therapies Inc	603,500	$1,973	0.2%	$2.17	+123.5%	—	877619106
XTIA	XTI Aerospace Inc	1,319,687	$1,940	0.2%	$1.87	-21.4%	—	98423K405
RCI	Rogers Communications Inc	50,000	$1,721	0.2%	$36.38	+3.0%	—	775109200
LMFA	LM Funding America Inc	1,410,790	$1,608	0.2%	$1.93	-50.5%	—	502074503
UMH	UMH Properties Inc	100,000	$1,485	0.1%	$14.85	—	—	903002103
CDLX	Cardlytics Inc	561,500	$1,364	0.1%	—	—	CALL	14161W105
SLSR	Solaris Resources Inc	149,800	$956	0.1%	$5.31	+30.6%	—	83419D201
ETN	Eaton Corp PLC	2,500	$936	0.1%	$363.27	-2.4%	—	G29183103
—	Boxlight Corp	332,970	$802	0.1%	$2.41	—	—	103197307
CRWV	Coreweave Inc	5,000	$684	0.1%	$118.31	-14.3%	—	21873S108
SILO	Silo Pharma Inc	952,381	$657	0.1%	$0.67	-26.1%	—	82711P201
GAU	Galiano Gold Inc	300,000	$653	0.1%	$1.87	+32.5%	—	36352H100
DDC	DDC Enterprise Ltd	64,498	$548	0.1%	$5.49	-3.2%	—	G276AC119
—	Jiuzi Holdings Inc	616,216	$263	0.0%	$0.43	—	—	G51400136
ARQQW	Arqit Quantum Inc	5,300	$205	0.0%	$38.75	—	—	G0567U119
BFRG	Bullfrog AI Holdings Inc	80,750	$113	0.0%	$1.37	-14.7%	—	12021E109
HUBCW	Hub Cyber Security Ltd	10,113	$20	0.0%	$1.30	—	—	M6000J127

Decreased Positions (16)

ODV Osisko Development Corp 0.1%

Value ($000) $968 (-96.0%) Shares 277,417 (-96.1%) Est. Cost $2.18 Unrealized +57.3%

EMPD Empery Digital Inc 1.0%

Value ($000) $10,186 (-63.6%) Shares 2,231,294 (-40.0%) Est. Cost $9.03 Unrealized -35.3%

MTCH Match Group Inc 4.0%

Value ($000) $42,231 (-12.9%) Shares 1,307,879 (-4.7%) Est. Cost $32.20 Unrealized +2.0%

GROY/WS Gold Royalty Corp 0.3%

Value ($000) $2,727 (-64.3%) Shares 675,000 (-65.9%) Est. Cost $1.41 Unrealized —

GSAT Globalstar Inc 0.3%

Value ($000) $3,052 (-44.1%) Shares 50,000 (-66.7%) Est. Cost $22.12 Unrealized +149.7%

VST Vistra Corp 0.1%

Value ($000) $807 (-72.6%) Shares 5,000 (-66.7%) Est. Cost $177.59 Unrealized +2.4%

SPRO Spero Therapeutics Inc 0.1%

Value ($000) $1,456 (-51.7%) Shares 625,062 (-61.0%) Est. Cost $1.44 Unrealized +61.0%

EQX Equinox Gold Corp 0.1%

Value ($000) $1,404 (-49.9%) Shares 100,000 (-60.0%) Est. Cost — Unrealized —

TPR Tapestry Inc 0.4%

Value ($000) $3,833 (-24.8%) Shares 30,000 (-33.3%) Est. Cost $97.54 Unrealized +16.9%

SN SharkNinja Inc 0.1%

Value ($000) $560 (-69.0%) Shares 5,000 (-71.4%) Est. Cost $104.09 Unrealized -5.3%

AVBP ArriVent Biopharma Inc 0.1%

Value ($000) $712 (-61.4%) Shares 35,366 (-64.6%) Est. Cost $19.65 Unrealized +5.9%

BKD Brookdale Senior Living Inc 0.3%

Value ($000) $3,663 (-20.1%) Shares 339,491 (-37.3%) Est. Cost $6.10 Unrealized +61.3%

MSOS AdvisorShares Pure US Cannabis ETF 1.1%

Value ($000) $11,501 (-4.1%) Shares 2,436,600 (-2.7%) Est. Cost $4.72 Unrealized —

CHWY Chewy Inc 0.1%

Value ($000) $992 (-30.0%) Shares 30,000 (-14.3%) Est. Cost $38.56 Unrealized -10.0%

CAE CAE Inc 0.4%

Value ($000) $4,406 (-4.0%) Shares 145,000 (-6.5%) Est. Cost $28.14 Unrealized -0.3%

ONFOW Onfolio Holdings Inc 0.0%

Value ($000) $121 (-46.8%) Shares 178,490 (-10.8%) Est. Cost $1.16 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ODV	Osisko Development Corp	277,417 (-96.1%)	$968 (-96.0%)	0.1%	$2.18	+57.3%	Equity	68828E809
EMPD	Empery Digital Inc	2,231,294 (-40.0%)	$10,186 (-63.6%)	1.0%	$9.03	-35.3%	Equity	92864V608
MTCH	Match Group Inc	1,307,879 (-4.7%)	$42,231 (-12.9%)	4.0%	$32.20	+2.0%	Equity	57667L107
GROY/WS	Gold Royalty Corp	675,000 (-65.9%)	$2,727 (-64.3%)	0.3%	$1.41	—	Warrant	38071H122
GSAT	Globalstar Inc	50,000 (-66.7%)	$3,052 (-44.1%)	0.3%	$22.12	+149.7%	Equity	378973507
VST	Vistra Corp	5,000 (-66.7%)	$807 (-72.6%)	0.1%	$177.59	+2.4%	Equity	92840M102
SPRO	Spero Therapeutics Inc	625,062 (-61.0%)	$1,456 (-51.7%)	0.1%	$1.44	+61.0%	Equity	84833T103
EQX	Equinox Gold Corp	100,000 (-60.0%)	$1,404 (-49.9%)	0.1%	—	—	CALL	29446Y502
TPR	Tapestry Inc	30,000 (-33.3%)	$3,833 (-24.8%)	0.4%	$97.54	+16.9%	Equity	876030107
SN	SharkNinja Inc	5,000 (-71.4%)	$560 (-69.0%)	0.1%	$104.09	-5.3%	Equity	G8068L108
AVBP	ArriVent Biopharma Inc	35,366 (-64.6%)	$712 (-61.4%)	0.1%	$19.65	+5.9%	Equity	04272N102
BKD	Brookdale Senior Living Inc	339,491 (-37.3%)	$3,663 (-20.1%)	0.3%	$6.10	+61.3%	Equity	112463104
MSOS	AdvisorShares Pure US Cannabis ETF	2,436,600 (-2.7%)	$11,501 (-4.1%)	1.1%	$4.72	—	CALL	00768Y453
CHWY	Chewy Inc	30,000 (-14.3%)	$992 (-30.0%)	0.1%	$38.56	-10.0%	Equity	16679L109
CAE	CAE Inc	145,000 (-6.5%)	$4,406 (-4.0%)	0.4%	$28.14	-0.3%	Equity	124765108
ONFOW	Onfolio Holdings Inc	178,490 (-10.8%)	$121 (-46.8%)	0.0%	$1.16	—	Warrant	68277K124

Unchanged Positions (23)

ORBS Eightco Holdings Inc 1.3%

Value ($000) $14,219 Shares 8,219,178 Est. Cost $5.47 Unrealized -14.1%

FIVN Five9 Inc 2.9%

Value ($000) $30,864 Shares 1,539,371 Est. Cost $31.30 Unrealized -32.2%

UWMC UWM Holdings Corp 0.2%

Value ($000) $2,224 Shares 507,800 Est. Cost — Unrealized —

LASE Laser Photonics Corp 0.1%

Value ($000) $1,018 Shares 412,087 Est. Cost $3.23 Unrealized +4.0%

WOLF Wolfspeed Inc 0.1%

Value ($000) $745 Shares 42,817 Est. Cost $25.35 Unrealized -9.5%

BABA Alibaba Group Holding Ltd 0.1%

Value ($000) $1,173 Shares 8,000 Est. Cost $178.73 Unrealized —

JAKK JAKKS Pacific Inc 0.2%

Value ($000) $2,138 Shares 126,651 Est. Cost $21.54 Unrealized -20.4%

FGIWW FGI Industries Ltd 0.4%

Value ($000) $4,224 Shares 740,991 Est. Cost $2.94 Unrealized —

KRG Kite Realty Group Trust 0.2%

Value ($000) $2,171 Shares 90,570 Est. Cost $22.36 Unrealized —

TVA Texas Ventures Acquisition III Corp 2.2%

Value ($000) $23,429 Shares 2,199,942 Est. Cost $10.15 Unrealized +7.0%

TSLA TESLA, INC. 0.8%

Value ($000) $8,602 Shares 19,127 Est. Cost $321.03 Unrealized +38.1%

XBPEW XBP Global Holdings Inc 0.0%

Value ($000) $85 Shares 12,537 Est. Cost $5.30 Unrealized —

PRPL Purple Innovation Inc 0.0%

Value ($000) $207 Shares 300,000 Est. Cost $0.74 Unrealized +8.3%

EDBLW Edible Garden AG Inc 0.0%

Value ($000) $30 Shares 50,000 Est. Cost $1.81 Unrealized —

UPST Upstart Holdings Inc 0.0%

Value ($000) $342 Shares 7,829 Est. Cost $70.35 Unrealized -34.5%

TVACW Texas Ventures Acquisition III Corp 0.9%

Value ($000) $9,053 Shares 850,000 Est. Cost $10.71 Unrealized —

AMZN AMAZON.COM, INC. 0.1%

Value ($000) $891 Shares 3,859 Est. Cost $190.16 Unrealized +20.3%

DAVEW Dave Inc 0.0%

Value ($000) $421 Shares 1,900 Est. Cost $268.41 Unrealized —

MDCXW Medicus Pharma Ltd 0.0%

Value ($000) $65 Shares 42,400 Est. Cost $2.43 Unrealized —

TCOM Trip.com Group Ltd 0.1%

Value ($000) $719 Shares 10,000 Est. Cost $58.64 Unrealized —

RVSNW Rail Vision Ltd 0.0%

Value ($000) $73 Shares 226,120 Est. Cost $0.56 Unrealized —

NVDA NVIDIA CORP 4.0%

Value ($000) $42,874 Shares 229,890 Est. Cost $126.35 Unrealized +47.3%

OABIW OmniAb Inc 0.0%

Value ($000) $22 Shares 11,833 Est. Cost $3.60 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORBS	Eightco Holdings Inc	8,219,178	$14,219	1.3%	$5.47	-14.1%	Equity	22890A302
FIVN	Five9 Inc	1,539,371	$30,864	2.9%	$31.30	-32.2%	Equity	338307101
UWMC	UWM Holdings Corp	507,800	$2,224	0.2%	—	—	CALL	91823B109
LASE	Laser Photonics Corp	412,087	$1,018	0.1%	$3.23	+4.0%	Equity	51807Q100
WOLF	Wolfspeed Inc	42,817	$745	0.1%	$25.35	-9.5%	Equity	97785W106
BABA	Alibaba Group Holding Ltd	8,000	$1,173	0.1%	$178.73	—	ADR	01609W102
JAKK	JAKKS Pacific Inc	126,651	$2,138	0.2%	$21.54	-20.4%	Equity	47012E403
FGIWW	FGI Industries Ltd	740,991	$4,224	0.4%	$2.94	—	Warrant	G3302D111
KRG	Kite Realty Group Trust	90,570	$2,171	0.2%	$22.36	—	Equity	49803T300
TVA	Texas Ventures Acquisition III Corp	2,199,942	$23,429	2.2%	$10.15	+7.0%	Equity	G8772L105
TSLA	TESLA, INC.	19,127	$8,602	0.8%	$321.03	+38.1%	Equity	88160R101
XBPEW	XBP Global Holdings Inc	12,537	$85	0.0%	$5.30	—	Warrant	98400V119
PRPL	Purple Innovation Inc	300,000	$207	0.0%	$0.74	+8.3%	Equity	74640Y106
EDBLW	Edible Garden AG Inc	50,000	$30	0.0%	$1.81	—	Warrant	28059P113
UPST	Upstart Holdings Inc	7,829	$342	0.0%	$70.35	-34.5%	Equity	91680M107
TVACW	Texas Ventures Acquisition III Corp	850,000	$9,053	0.9%	$10.71	—	Warrant	G8772L113
AMZN	AMAZON.COM, INC.	3,859	$891	0.1%	$190.16	+20.3%	Equity	023135106
DAVEW	Dave Inc	1,900	$421	0.0%	$268.41	—	Warrant	23834J110
MDCXW	Medicus Pharma Ltd	42,400	$65	0.0%	$2.43	—	Warrant	58471K111
TCOM	Trip.com Group Ltd	10,000	$719	0.1%	$58.64	—	ADR	89677Q107
RVSNW	Rail Vision Ltd	226,120	$73	0.0%	$0.56	—	Warrant	M8186D114
NVDA	NVIDIA CORP	229,890	$42,874	4.0%	$126.35	+47.3%	Equity	67066G104
OABIW	OmniAb Inc	11,833	$22	0.0%	$3.60	—	Warrant	68218J111