Rangeley Capital, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WBD	WARNER BROS DISCOVERY INC	216,000	$6,225	5.2%	$23.37	0.0%	COM SER A	934423104
GDEN	GOLDEN ENTMT INC	209,881	$5,707	4.7%	$25.68	0.0%	COM	381013101
RNA	AVIDITY BIOSCIENCES INC	54,000	$3,895	3.2%	$64.59	0.0%	COM	05370A108
KW	KENNEDY-WILSON HOLDINGS INC	342,000	$3,307	2.7%	$8.96	0.0%	COM	489398107
GRND	GRINDR INC	212,000	$2,870	2.4%	$13.59	0.0%	COM	39854F101
PLYM	PLYMOUTH INDL REIT INC	114,000	$2,494	2.1%	$21.88	—	COM	729640102
CWAN	CLEARWATER ANALYTICS HLDGS I	80,000	$1,930	1.6%	$20.03	0.0%	CL A	185123106
WBD	WARNER BROS DISCOVERY INC	58,600	$1,689	1.4%	$23.37	0.0%	CALL	934423104
—	MERSANA THERAPEUTICS INC	57,098	$1,652	1.4%	$28.93	—	COM	59045L205
—	AVADEL PHARMACEUTICALS PLC	75,953	$1,637	1.4%	$21.55	—	COM SHS	G29687103
LEG	LEGGETT & PLATT INC	135,930	$1,495	1.2%	$9.84	0.0%	COM	524660107
SEM	SELECT MED HLDGS CORP	81,072	$1,204	1.0%	$14.10	0.0%	COM	81619Q105
RGR	STURM RUGER & CO INC	35,107	$1,146	1.0%	$37.06	0.0%	COM	864159108
ZIM	ZIM INTEGRATED SHIPPING SERV	41,052	$872	0.7%	$16.77	0.0%	SHS	M9T951109
PL	PLANET LABS PBC	40,000	$789	0.7%	$14.34	0.0%	COM CL A	72703X106
—	GENERATION BIO CO	98,280	$558	0.5%	$5.68	—	COM NEW	37148K209
KORE	KORE GROUP HLDGS INC	131,347	$554	0.5%	$3.86	0.0%	COM NEW	50066V305
KZR	KEZAR LIFE SCIENCES INC	85,926	$540	0.4%	$5.83	0.0%	COM NEW	49372L209
GPACU	GENERAL PURP ACQUISITION COR	50,000	$501	0.4%	$10.01	—	UNIT 12/03/2030	G3810N122
FONR	FONAR CORP	25,113	$466	0.4%	$15.07	0.0%	COM NEW	344437405
—	TREEHOUSE FOODS INC	18,530	$437	0.4%	$23.59	—	COM	89469A104
NWAX/U	NEW AMER ACQUISITION I CORP	40,000	$414	0.3%	$10.35	—	UNIT 99/99/9999	023634207
JANX	JANUX THERAPEUTICS INC	25,414	$351	0.3%	$23.52	0.0%	COM	47103J105
PRTH	PRIORITY TECHNOLOGY HLDGS IN	61,000	$332	0.3%	$6.19	0.0%	COM	74275G107
DMIIU	DRUGS MADE IN AMER ACQ II CO	32,551	$326	0.3%	$10.01	—	UNIT 09/16/2030	G2851K120
ABEO	ABEONA THERAPEUTICS INC	57,600	$304	0.3%	$5.03	0.0%	COM NEW	00289Y206
EVC	ENTRAVISION COMMUNICATIONS C	90,000	$264	0.2%	$2.57	0.0%	CL A	29382R107
—	BRAEMAR HOTELS & RESORTS INC	17,245	$255	0.2%	$14.81	—	5.5 CUM CV PFD B	10482B200
PETS	PETMED EXPRESS INC	75,000	$240	0.2%	$2.51	0.0%	COM	716382106
EXEL	EXELIXIS INC	5,000	$219	0.2%	$41.37	0.0%	COM	30161Q104
CCII	COHEN CIRCLE ACQUISIT CORP I	20,809	$213	0.2%	$10.26	0.0%	SHS CL A	G2254C121
BHR	BRAEMAR HOTELS & RESORTS INC	73,895	$212	0.2%	$2.87	—	COM	10482B101
DBRG	DIGITALBRIDGE GROUP INC	13,800	$212	0.2%	$12.01	0.0%	CL A NEW	25401T603
ACET	ADICET BIO INC	25,001	$211	0.2%	$11.05	0.0%	COM NEW	007002207
QURE	UNIQURE NV	8,500	$203	0.2%	$38.59	0.0%	SHS	N90064101
NVRI	ENVIRI CORP	10,667	$191	0.2%	$14.90	0.0%	COM	415864107
RZLT	REZOLUTE INC	78,200	$185	0.2%	$7.84	0.0%	COM NEW	76200L309
EMIS	EMMIS ACQUISITION CORP.	18,107	$180	0.1%	$9.97	0.0%	SHS CL A	G3037D105
MREO	MEREO BIOPHARMA GROUP PLC	364,000	$152	0.1%	$0.42	—	SPON ADS	589492107
PLYM	PLYMOUTH INDL REIT INC	6,500	$142	0.1%	$21.88	—	CALL	729640102
CPAC	CEMENTOS PACASMAYO S A A	12,000	$125	0.1%	$10.42	—	SPONSORED ADR	15126Q208
TASK	TASKUS INC	10,000	$118	0.1%	$12.78	0.0%	CLASS A COM	87652V109
PMTR	PERIMETER ACQUISITION CORP I	10,000	$103	0.1%	$10.32	0.0%	COM CL A	G7010A129
RAAQ	REAL ASSET ACQUISITION CORP	10,000	$102	0.1%	$10.30	0.0%	SHS CL A	G73944103
NKTX	NKARTA INC	32,078	$59	0.0%	$2.00	0.0%	COM	65487U108
BRNS	BARINTHUS BIOTHERAPEUTICS PL	84,441	$59	0.0%	$0.70	—	ADS	91864C107
EMISR	EMMIS ACQUISITION CORP.	18,107	$18	0.0%	$1.00	—	RIGHT 09/12/2030	G3037D113
NVRI	ENVIRI CORP	1,000	$18	0.0%	$14.90	0.0%	CALL	415864107
MLACR	MOUNTAIN LAKE ACQUISITION CO	15,000	$16	0.0%	$1.04	—	RIGHT 11/15/2028	G6301B127
PLYM	PLYMOUTH INDL REIT INC	100	$2	0.0%	$21.88	—	PUT	729640102

Increased Positions (24)

— REPARE THERAPEUTICS INC 2.8%

Value ($000) $3,348 (+194.6%) Shares 1,287,829 (+99.4%) Est. Cost $2.08 Unrealized —

FWRD FORWARD AIR CORP 1.6%

Value ($000) $1,900 (+170.4%) Shares 76,000 (+177.4%) Est. Cost $24.76 Unrealized -9.1%

BHF BRIGHTHOUSE FINL INC 1.3%

Value ($000) $1,620 (+209.8%) Shares 25,000 (+153.8%) Est. Cost $54.84 Unrealized +7.1%

SATS ECHOSTAR CORP 2.2%

Value ($000) $2,609 (+48.5%) Shares 24,000 (+4.3%) Est. Cost $46.79 Unrealized +74.0%

TGNA TEGNA INC 0.9%

Value ($000) $1,029 (+406.0%) Shares 53,000 (+430.0%) Est. Cost $19.63 Unrealized +0.7%

SWKH SWK HLDGS CORP 0.9%

Value ($000) $1,084 (+81.6%) Shares 63,000 (+53.7%) Est. Cost $14.23 Unrealized +16.1%

OMEX ODYSSEY MARINE EXPL INC 1.0%

Value ($000) $1,193 (+27.6%) Shares 608,749 (+27.0%) Est. Cost $1.76 Unrealized +31.4%

PLRX PLIANT THERAPEUTICS INC 0.2%

Value ($000) $275 (+208.0%) Shares 225,000 (+273.6%) Est. Cost $2.51 Unrealized -40.2%

BUR BURFORD CAP LTD 0.4%

Value ($000) $517 (-21.3%) Shares 58,000 (+5.5%) Est. Cost $13.16 Unrealized -25.6%

STHO STAR HLDGS 1.3%

Value ($000) $1,540 (+5.7%) Shares 187,100 (+5.7%) Est. Cost $10.23 Unrealized -25.2%

BCARU D. BORAL ARC ACQ I CORP. 0.3%

Value ($000) $345 (+28.6%) Shares 33,780 (+26.1%) Est. Cost $10.04 Unrealized —

YEXT YEXT INC 3.9%

Value ($000) $4,718 (+1.6%) Shares 585,360 (+7.4%) Est. Cost $8.48 Unrealized -0.7%

BCYC BICYCLE THERAPEUTICS PLC 0.8%

Value ($000) $935 (-7.1%) Shares 132,000 (+1.5%) Est. Cost $7.28 Unrealized —

WW WW INTL INC 0.3%

Value ($000) $351 (+16.5%) Shares 12,000 (+9.1%) Est. Cost $33.81 Unrealized -17.4%

FWRD FORWARD AIR CORP 0.5%

Value ($000) $558 (+8.2%) Shares 22,300 (+10.9%) Est. Cost $24.76 Unrealized -9.1%

VYNE VYNE THERAPEUTICS INC 0.0%

Value ($000) $58 (+246.3%) Shares 100,000 (+100.0%) Est. Cost $0.53 Unrealized -23.9%

FERA FIFTH ERA ACQUISITION CORP I 0.3%

Value ($000) $344 (+9.2%) Shares 33,458 (+8.0%) Est. Cost $10.17 Unrealized +1.5%

OTGAU OTG ACQUISITION CORP. I 0.2%

Value ($000) $280 (+11.4%) Shares 27,520 (+10.1%) Est. Cost $10.08 Unrealized —

OACC OAKTREE ACQUISITION CORP III 0.4%

Value ($000) $424 (+6.5%) Shares 40,032 (+5.8%) Est. Cost $10.46 Unrealized +1.2%

KOYNU CSLM DIGITA ASSET ACQ CORP I 0.2%

Value ($000) $264 (+10.8%) Shares 26,092 (+10.6%) Est. Cost $10.10 Unrealized —

HCMA HCM III ACQUISITION CORP 0.1%

Value ($000) $141 (+11.3%) Shares 14,046 (+12.1%) Est. Cost $10.11 Unrealized +0.7%

LNSR LENSAR INC 0.6%

Value ($000) $686 (+1.0%) Shares 59,000 (+7.3%) Est. Cost $13.29 Unrealized -14.1%

IMA IMAGENEBIO INC 0.1%

Value ($000) $126 (+3.0%) Shares 18,244 (+21.6%) Est. Cost $12.22 Unrealized -39.3%

ANEB ANEBULO PHARMACEUTICALS INC 0.0%

Value ($000) $51 (+1.0%) Shares 50,000 (+150.0%) Est. Cost $2.31 Unrealized -1.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	REPARE THERAPEUTICS INC	1,287,829 (+99.4%)	$3,348 (+194.6%)	2.8%	$2.08	—	COM	760273102
FWRD	FORWARD AIR CORP	76,000 (+177.4%)	$1,900 (+170.4%)	1.6%	$24.76	-9.1%	COM	34986A104
BHF	BRIGHTHOUSE FINL INC	25,000 (+153.8%)	$1,620 (+209.8%)	1.3%	$54.84	+7.1%	COM	10922N103
SATS	ECHOSTAR CORP	24,000 (+4.3%)	$2,609 (+48.5%)	2.2%	$46.79	+74.0%	CL A	278768106
TGNA	TEGNA INC	53,000 (+430.0%)	$1,029 (+406.0%)	0.9%	$19.63	+0.7%	COM	87901J105
SWKH	SWK HLDGS CORP	63,000 (+53.7%)	$1,084 (+81.6%)	0.9%	$14.23	+16.1%	COM NEW	78501P203
OMEX	ODYSSEY MARINE EXPL INC	608,749 (+27.0%)	$1,193 (+27.6%)	1.0%	$1.76	+31.4%	COM NEW	676118201
PLRX	PLIANT THERAPEUTICS INC	225,000 (+273.6%)	$275 (+208.0%)	0.2%	$2.51	-40.2%	COM	729139105
BUR	BURFORD CAP LTD	58,000 (+5.5%)	$517 (-21.3%)	0.4%	$13.16	-25.6%	ORD SHS	G17977110
STHO	STAR HLDGS	187,100 (+5.7%)	$1,540 (+5.7%)	1.3%	$10.23	-25.2%	SHS BEN INT	85512G106
BCARU	D. BORAL ARC ACQ I CORP.	33,780 (+26.1%)	$345 (+28.6%)	0.3%	$10.04	—	UNIT 07/23/2030	G2616F127
YEXT	YEXT INC	585,360 (+7.4%)	$4,718 (+1.6%)	3.9%	$8.48	-0.7%	COM	98585N106
BCYC	BICYCLE THERAPEUTICS PLC	132,000 (+1.5%)	$935 (-7.1%)	0.8%	$7.28	—	SPONSORED ADS	088786108
WW	WW INTL INC	12,000 (+9.1%)	$351 (+16.5%)	0.3%	$33.81	-17.4%	COM NEW	98262P200
FWRD	FORWARD AIR CORP	22,300 (+10.9%)	$558 (+8.2%)	0.5%	$24.76	-9.1%	CALL	34986A104
VYNE	VYNE THERAPEUTICS INC	100,000 (+100.0%)	$58 (+246.3%)	0.0%	$0.53	-23.9%	COM	92941V308
FERA	FIFTH ERA ACQUISITION CORP I	33,458 (+8.0%)	$344 (+9.2%)	0.3%	$10.17	+1.5%	ORD SHS CL A	G3415K101
OTGAU	OTG ACQUISITION CORP. I	27,520 (+10.1%)	$280 (+11.4%)	0.2%	$10.08	—	UNIT 09/05/2030	G6791A126
OACC	OAKTREE ACQUISITION CORP III	40,032 (+5.8%)	$424 (+6.5%)	0.4%	$10.46	+1.2%	SHS CL A	G6717R104
KOYNU	CSLM DIGITA ASSET ACQ CORP I	26,092 (+10.6%)	$264 (+10.8%)	0.2%	$10.10	—	UNIT 08/12/2030	G2584S135
HCMA	HCM III ACQUISITION CORP	14,046 (+12.1%)	$141 (+11.3%)	0.1%	$10.11	+0.7%	ORD SHS CL A	G4365E103
LNSR	LENSAR INC	59,000 (+7.3%)	$686 (+1.0%)	0.6%	$13.29	-14.1%	COM	52634L108
IMA	IMAGENEBIO INC	18,244 (+21.6%)	$126 (+3.0%)	0.1%	$12.22	-39.3%	COM	45175G207
ANEB	ANEBULO PHARMACEUTICALS INC	50,000 (+150.0%)	$51 (+1.0%)	0.0%	$2.31	-1.2%	COM	034569103

Exited Positions (54)

— WIDEOPENWEST INC 4.1%

Value ($000) $4,892 Shares 948,000 Est. Cost $4.95 Unrealized —

SGRY SURGERY PARTNERS INC 2.2%

Value ($000) $2,683 Shares 124,000 Est. Cost $23.02 Unrealized -20.2%

CHTR CHARTER COMMUNICATIONS INC N 2.1%

Value ($000) $2,476 Shares 9,000 Est. Cost $302.19 Unrealized -25.6%

NRP NATURAL RESOURCE PARTNERS L 1.1%

Value ($000) $1,271 Shares 12,100 Est. Cost $95.51 Unrealized —

LQDA LIQUIDIA CORPORATION 1.0%

Value ($000) $1,160 Shares 51,000 Est. Cost $21.69 Unrealized +31.2%

CCOI COGENT COMMUNICATIONS HLDGS 0.9%

Value ($000) $1,139 Shares 29,700 Est. Cost $41.02 Unrealized -28.1%

UAN CVR PARTNERS LP 0.9%

Value ($000) $1,126 Shares 12,496 Est. Cost $75.96 Unrealized —

GEL GENESIS ENERGY L P 0.9%

Value ($000) $1,036 Shares 62,000 Est. Cost $10.11 Unrealized —

— GSR III ACQUISITION CORP 0.9%

Value ($000) $1,036 Shares 100,000 Est. Cost $10.41 Unrealized —

BSM BLACK STONE MINERALS L P 0.9%

Value ($000) $1,027 Shares 78,173 Est. Cost $13.14 Unrealized —

— COLUMBUS CIRCLE CAP CORP. I 0.7%

Value ($000) $840 Shares 83,000 Est. Cost $10.12 Unrealized —

SBXD SILVERBOX CORP IV 0.7%

Value ($000) $806 Shares 77,027 Est. Cost $10.56 Unrealized -0.3%

— 89BIO INC 0.7%

Value ($000) $794 Shares 54,000 Est. Cost $14.70 Unrealized —

— MURAL ONCOLOGY PUB LTD CO 0.5%

Value ($000) $631 Shares 305,000 Est. Cost $2.13 Unrealized —

NATH NATHANS FAMOUS INC NEW 0.5%

Value ($000) $599 Shares 5,410 Est. Cost $104.77 Unrealized -4.0%

CHTR CHARTER COMMUNICATIONS INC N 0.5%

Value ($000) $550 Shares 2,000 Est. Cost $302.19 Unrealized -25.6%

— SCPHARMACEUTICALS INC 0.4%

Value ($000) $532 Shares 93,747 Est. Cost $5.67 Unrealized —

— MONOGRAM TECHNOLOGIES INC 0.4%

Value ($000) $440 Shares 75,000 Est. Cost $5.87 Unrealized —

— THE ODP CORP 0.4%

Value ($000) $427 Shares 15,337 Est. Cost $27.85 Unrealized —

MBAV M3BRIGADE ACQUISITION V CORP 0.3%

Value ($000) $382 Shares 36,214 Est. Cost $10.68 Unrealized -0.6%

LBTYK LIBERTY GLOBAL LTD 0.3%

Value ($000) $353 Shares 30,000 Est. Cost $11.20 Unrealized -0.7%

CCIX CHURCHILL CAPITAL CORP IX 0.3%

Value ($000) $348 Shares 33,226 Est. Cost $10.54 Unrealized +1.1%

UNH UNITEDHEALTH GROUP INC 0.3%

Value ($000) $345 Shares 1,000 Est. Cost $298.94 Unrealized +12.8%

— KELLANOVA 0.3%

Value ($000) $328 Shares 4,000 Est. Cost $79.79 Unrealized +3.6%

MLAC MOUNTAIN LAKE ACQUISITION CO 0.3%

Value ($000) $309 Shares 30,000 Est. Cost $10.28 Unrealized +1.3%

— SURMODICS INC 0.2%

Value ($000) $299 Shares 10,000 Est. Cost $29.89 Unrealized —

BRSL BRIGHTSTAR LOTTERY PLC 0.2%

Value ($000) $293 Shares 17,000 Est. Cost $13.55 Unrealized +19.3%

NKTR NEKTAR THERAPEUTICS 0.2%

Value ($000) $279 Shares 4,895 Est. Cost $33.10 Unrealized +69.1%

STAA STAAR SURGICAL CO 0.2%

Value ($000) $269 Shares 10,000 Est. Cost $23.84 Unrealized +8.1%

ESTA ESTABLISHMENT LABS HLDGS INC 0.2%

Value ($000) $266 Shares 6,499 Est. Cost $40.85 Unrealized +47.8%

— METSERA INC 0.2%

Value ($000) $262 Shares 5,000 Est. Cost $52.33 Unrealized —

CEPO CANTOR EQUITY PARTNERS I INC 0.2%

Value ($000) $262 Shares 25,000 Est. Cost $11.06 Unrealized -5.5%

— LAVA THERAPEUTICS NV 0.2%

Value ($000) $257 Shares 165,000 Est. Cost $1.52 Unrealized —

PCSC PERCEPTIVE CAP SOLUTIONS COR 0.2%

Value ($000) $221 Shares 20,832 Est. Cost $10.46 Unrealized +7.8%

— FG NEXUS INC. 0.2%

Value ($000) $220 Shares 40,000 Est. Cost $5.49 Unrealized —

TACOU BERTO ACQUISITION CORP 0.2%

Value ($000) $202 Shares 18,900 Est. Cost $10.71 Unrealized —

EA ELECTRONIC ARTS INC 0.2%

Value ($000) $202 Shares 1,000 Est. Cost — Unrealized —

TIPT TIPTREE INC 0.2%

Value ($000) $192 Shares 10,000 Est. Cost $22.27 Unrealized -18.2%

TECX TECTONIC THERAPEUTIC INC 0.2%

Value ($000) $188 Shares 12,000 Est. Cost $20.64 Unrealized -10.0%

— EMMIS ACQUISITION CORP. 0.2%

Value ($000) $181 Shares 18,107 Est. Cost $9.98 Unrealized —

LYEL LYELL IMMUNOPHARMA INC 0.1%

Value ($000) $162 Shares 10,000 Est. Cost $11.42 Unrealized +96.0%

FGMC FG MERGER II CORP 0.1%

Value ($000) $135 Shares 13,531 Est. Cost $9.95 Unrealized +0.7%

DOLE DOLE PLC 0.1%

Value ($000) $134 Shares 10,000 Est. Cost $14.03 Unrealized -0.7%

AIV APARTMENT INVT & MGMT CO 0.1%

Value ($000) $119 Shares 15,000 Est. Cost $7.93 Unrealized —

MLTX MOONLAKE IMMUNOTHERAPEUTICS 0.1%

Value ($000) $108 Shares 15,000 Est. Cost $52.12 Unrealized -77.4%

TACOW BERTO ACQUISITION CORP 0.1%

Value ($000) $104 Shares 10,000 Est. Cost $10.40 Unrealized —

BTBT BIT DIGITAL INC 0.1%

Value ($000) $69 Shares 22,950 Est. Cost $3.03 Unrealized -4.7%

— ADICET BIO INC 0.1%

Value ($000) $61 Shares 75,000 Est. Cost $0.81 Unrealized —

SPRO SPERO THERAPEUTICS INC 0.0%

Value ($000) $56 Shares 30,000 Est. Cost $2.20 Unrealized +5.6%

AMPY AMPLIFY ENERGY CORP NEW 0.0%

Value ($000) $53 Shares 10,000 Est. Cost $6.54 Unrealized -23.9%

REPL REPLIMUNE GROUP INC 0.0%

Value ($000) $44 Shares 10,400 Est. Cost $6.39 Unrealized +33.0%

CABA CABALETTA BIO INC 0.0%

Value ($000) $26 Shares 11,300 Est. Cost $1.56 Unrealized +58.9%

— ETHZILLA CORPORATION 0.0%

Value ($000) $24 Shares 10,000 Est. Cost $2.41 Unrealized —

NERV MINERVA NEUROSCIENCES INC 0.0%

Value ($000) $21 Shares 10,000 Est. Cost $2.04 Unrealized +81.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	WIDEOPENWEST INC	948,000	$4,892	4.1%	$4.95	—	—	96758W101
SGRY	SURGERY PARTNERS INC	124,000	$2,683	2.2%	$23.02	-20.2%	—	86881A100
CHTR	CHARTER COMMUNICATIONS INC N	9,000	$2,476	2.1%	$302.19	-25.6%	CALL	16119P108
NRP	NATURAL RESOURCE PARTNERS L	12,100	$1,271	1.1%	$95.51	—	—	63900P608
LQDA	LIQUIDIA CORPORATION	51,000	$1,160	1.0%	$21.69	+31.2%	—	53635D202
CCOI	COGENT COMMUNICATIONS HLDGS	29,700	$1,139	0.9%	$41.02	-28.1%	—	19239V302
UAN	CVR PARTNERS LP	12,496	$1,126	0.9%	$75.96	—	—	126633205
GEL	GENESIS ENERGY L P	62,000	$1,036	0.9%	$10.11	—	—	371927104
—	GSR III ACQUISITION CORP	100,000	$1,036	0.9%	$10.41	—	—	G4R103107
BSM	BLACK STONE MINERALS L P	78,173	$1,027	0.9%	$13.14	—	—	09225M101
—	COLUMBUS CIRCLE CAP CORP. I	83,000	$840	0.7%	$10.12	—	—	G2296A109
SBXD	SILVERBOX CORP IV	77,027	$806	0.7%	$10.56	-0.3%	—	G81354105
—	89BIO INC	54,000	$794	0.7%	$14.70	—	—	282559103
—	MURAL ONCOLOGY PUB LTD CO	305,000	$631	0.5%	$2.13	—	—	G63365103
NATH	NATHANS FAMOUS INC NEW	5,410	$599	0.5%	$104.77	-4.0%	—	632347100
CHTR	CHARTER COMMUNICATIONS INC N	2,000	$550	0.5%	$302.19	-25.6%	—	16119P108
—	SCPHARMACEUTICALS INC	93,747	$532	0.4%	$5.67	—	—	810648105
—	MONOGRAM TECHNOLOGIES INC	75,000	$440	0.4%	$5.87	—	—	609786108
—	THE ODP CORP	15,337	$427	0.4%	$27.85	—	—	88337F105
MBAV	M3BRIGADE ACQUISITION V CORP	36,214	$382	0.3%	$10.68	-0.6%	—	G63212107
LBTYK	LIBERTY GLOBAL LTD	30,000	$353	0.3%	$11.20	-0.7%	—	G61188127
CCIX	CHURCHILL CAPITAL CORP IX	33,226	$348	0.3%	$10.54	+1.1%	—	G21301109
UNH	UNITEDHEALTH GROUP INC	1,000	$345	0.3%	$298.94	+12.8%	—	91324P102
—	KELLANOVA	4,000	$328	0.3%	$79.79	+3.6%	—	487836108
MLAC	MOUNTAIN LAKE ACQUISITION CO	30,000	$309	0.3%	$10.28	+1.3%	—	G6301B101
—	SURMODICS INC	10,000	$299	0.2%	$29.89	—	—	868873100
BRSL	BRIGHTSTAR LOTTERY PLC	17,000	$293	0.2%	$13.55	+19.3%	—	G4863A108
NKTR	NEKTAR THERAPEUTICS	4,895	$279	0.2%	$33.10	+69.1%	—	640268306
STAA	STAAR SURGICAL CO	10,000	$269	0.2%	$23.84	+8.1%	—	852312305
ESTA	ESTABLISHMENT LABS HLDGS INC	6,499	$266	0.2%	$40.85	+47.8%	—	G31249108
—	METSERA INC	5,000	$262	0.2%	$52.33	—	—	59267L107
CEPO	CANTOR EQUITY PARTNERS I INC	25,000	$262	0.2%	$11.06	-5.5%	—	G1827K107
—	LAVA THERAPEUTICS NV	165,000	$257	0.2%	$1.52	—	—	N51517105
PCSC	PERCEPTIVE CAP SOLUTIONS COR	20,832	$221	0.2%	$10.46	+7.8%	—	G70077105
—	FG NEXUS INC.	40,000	$220	0.2%	$5.49	—	—	30329Y304
TACOU	BERTO ACQUISITION CORP	18,900	$202	0.2%	$10.71	—	—	G1051H127
EA	ELECTRONIC ARTS INC	1,000	$202	0.2%	—	—	CALL	285512109
TIPT	TIPTREE INC	10,000	$192	0.2%	$22.27	-18.2%	—	88822Q103
TECX	TECTONIC THERAPEUTIC INC	12,000	$188	0.2%	$20.64	-10.0%	—	878972108
—	EMMIS ACQUISITION CORP.	18,107	$181	0.2%	$9.98	—	—	G3037D121
LYEL	LYELL IMMUNOPHARMA INC	10,000	$162	0.1%	$11.42	+96.0%	—	55083R203
FGMC	FG MERGER II CORP	13,531	$135	0.1%	$9.95	+0.7%	—	30334J102
DOLE	DOLE PLC	10,000	$134	0.1%	$14.03	-0.7%	—	G27907107
AIV	APARTMENT INVT & MGMT CO	15,000	$119	0.1%	$7.93	—	—	03748R747
MLTX	MOONLAKE IMMUNOTHERAPEUTICS	15,000	$108	0.1%	$52.12	-77.4%	—	61559X104
TACOW	BERTO ACQUISITION CORP	10,000	$104	0.1%	$10.40	—	—	G1051H119
BTBT	BIT DIGITAL INC	22,950	$69	0.1%	$3.03	-4.7%	—	G1144A105
—	ADICET BIO INC	75,000	$61	0.1%	$0.81	—	—	007002108
SPRO	SPERO THERAPEUTICS INC	30,000	$56	0.0%	$2.20	+5.6%	—	84833T103
AMPY	AMPLIFY ENERGY CORP NEW	10,000	$53	0.0%	$6.54	-23.9%	—	03212B103
REPL	REPLIMUNE GROUP INC	10,400	$44	0.0%	$6.39	+33.0%	—	76029N106
CABA	CABALETTA BIO INC	11,300	$26	0.0%	$1.56	+58.9%	—	12674W109
—	ETHZILLA CORPORATION	10,000	$24	0.0%	$2.41	—	—	68236V302
NERV	MINERVA NEUROSCIENCES INC	10,000	$21	0.0%	$2.04	+81.7%	—	603380205

Decreased Positions (26)

DK DELEK US HLDGS INC NEW 2.5%

Value ($000) $3,025 (-54.5%) Shares 102,000 (-50.5%) Est. Cost $16.91 Unrealized +110.6%

IWM ISHARES TR 1.0%

Value ($000) $1,231 (-74.6%) Shares 5,000 (-75.0%) Est. Cost — Unrealized —

KROS KEROS THERAPEUTICS INC 1.6%

Value ($000) $1,971 (-51.8%) Shares 96,800 (-62.6%) Est. Cost $11.61 Unrealized +51.1%

ARVN ARVINAS INC 3.9%

Value ($000) $4,694 (-20.8%) Shares 395,800 (-43.1%) Est. Cost $13.86 Unrealized -21.2%

CORZW CORE SCIENTIFIC INC NEW 1.2%

Value ($000) $1,404 (-42.6%) Shares 96,400 (-29.2%) Est. Cost $17.07 Unrealized —

CDZI CADIZ INC 1.2%

Value ($000) $1,397 (-42.6%) Shares 249,000 (-51.7%) Est. Cost $3.59 Unrealized +49.3%

CLMT CALUMET INC 4.3%

Value ($000) $5,152 (-14.7%) Shares 259,300 (-21.7%) Est. Cost $20.86 Unrealized -7.8%

— SOHO HOUSE & CO INC 0.1%

Value ($000) $90 (-89.1%) Shares 10,000 (-89.3%) Est. Cost $8.06 Unrealized —

SOC SABLE OFFSHORE CORP 0.1%

Value ($000) $171 (-76.6%) Shares 19,000 (-54.8%) Est. Cost $24.22 Unrealized -61.0%

BHF BRIGHTHOUSE FINL INC 0.2%

Value ($000) $279 (-63.3%) Shares 4,300 (-69.9%) Est. Cost $54.84 Unrealized +7.1%

PRTA PROTHENA CORP PLC 4.2%

Value ($000) $5,010 (-8.4%) Shares 524,600 (-6.4%) Est. Cost $7.50 Unrealized +35.6%

TACO BERTO ACQUISITION CORP 2.4%

Value ($000) $2,936 (-11.0%) Shares 289,514 (-8.7%) Est. Cost $10.37 Unrealized -1.0%

NLOP NET LEASE OFFICE PROPERTIES 1.5%

Value ($000) $1,766 (-14.9%) Shares 68,480 (-2.2%) Est. Cost $31.21 Unrealized —

EM SMART SH GLOBAL LTD 0.5%

Value ($000) $558 (-34.0%) Shares 476,600 (-23.9%) Est. Cost $1.35 Unrealized —

GLUE MONTE ROSA THERAPEUTICS INC 0.9%

Value ($000) $1,058 (+26.4%) Shares 67,500 (-40.3%) Est. Cost $5.30 Unrealized +154.4%

WENN WEN ACQUISITION CORP 0.5%

Value ($000) $632 (-25.9%) Shares 62,530 (-25.7%) Est. Cost $10.20 Unrealized -0.2%

SEPN SEPTERNA INC 1.5%

Value ($000) $1,835 (+10.8%) Shares 65,800 (-25.2%) Est. Cost $11.78 Unrealized +102.7%

TDAY USA TODAY CO INC 0.2%

Value ($000) $244 (-41.0%) Shares 47,300 (-52.7%) Est. Cost $4.02 Unrealized +16.9%

ALTS ALT5 SIGMA CORP 0.0%

Value ($000) $32 (-75.4%) Shares 29,000 (-40.0%) Est. Cost $5.99 Unrealized -67.8%

FDMT 4D MOLECULAR THERAPEUTICS IN 0.2%

Value ($000) $290 (-21.8%) Shares 38,665 (-9.4%) Est. Cost $5.23 Unrealized +94.1%

SPKL SPARK I ACQUISITION CORP 0.1%

Value ($000) $124 (-25.0%) Shares 10,813 (-23.7%) Est. Cost $11.05 Unrealized +2.9%

PEPG PEPGEN INC 0.2%

Value ($000) $236 (+15.9%) Shares 36,200 (-17.7%) Est. Cost $1.67 Unrealized +210.0%

ABVX ABIVAX SA 0.4%

Value ($000) $539 (+5.9%) Shares 4,000 (-33.3%) Est. Cost $84.90 Unrealized —

— RALLYBIO CORP 0.0%

Value ($000) $27 (-33.7%) Shares 40,000 (-51.8%) Est. Cost $0.50 Unrealized —

KURA KURA ONCOLOGY INC 0.9%

Value ($000) $1,069 (+0.7%) Shares 102,900 (-14.2%) Est. Cost $6.16 Unrealized +70.3%

OKUR ONKURE THERAPEUTICS INC 0.3%

Value ($000) $421 (-1.7%) Shares 145,000 (-6.7%) Est. Cost $2.50 Unrealized +19.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DK	DELEK US HLDGS INC NEW	102,000 (-50.5%)	$3,025 (-54.5%)	2.5%	$16.91	+110.6%	COM	24665A103
IWM	ISHARES TR	5,000 (-75.0%)	$1,231 (-74.6%)	1.0%	—	—	PUT	464287655
KROS	KEROS THERAPEUTICS INC	96,800 (-62.6%)	$1,971 (-51.8%)	1.6%	$11.61	+51.1%	COM	492327101
ARVN	ARVINAS INC	395,800 (-43.1%)	$4,694 (-20.8%)	3.9%	$13.86	-21.2%	COM	04335A105
CORZW	CORE SCIENTIFIC INC NEW	96,400 (-29.2%)	$1,404 (-42.6%)	1.2%	$17.07	—	*W EXP 01/23/202	21874A114
CDZI	CADIZ INC	249,000 (-51.7%)	$1,397 (-42.6%)	1.2%	$3.59	+49.3%	COM NEW	127537207
CLMT	CALUMET INC	259,300 (-21.7%)	$5,152 (-14.7%)	4.3%	$20.86	-7.8%	COM	131428104
—	SOHO HOUSE & CO INC	10,000 (-89.3%)	$90 (-89.1%)	0.1%	$8.06	—	COM CL A	586001109
SOC	SABLE OFFSHORE CORP	19,000 (-54.8%)	$171 (-76.6%)	0.1%	$24.22	-61.0%	COM SHS	78574H104
BHF	BRIGHTHOUSE FINL INC	4,300 (-69.9%)	$279 (-63.3%)	0.2%	$54.84	+7.1%	CALL	10922N103
PRTA	PROTHENA CORP PLC	524,600 (-6.4%)	$5,010 (-8.4%)	4.2%	$7.50	+35.6%	SHS	G72800108
TACO	BERTO ACQUISITION CORP	289,514 (-8.7%)	$2,936 (-11.0%)	2.4%	$10.37	-1.0%	ORD SHS	G1051H101
NLOP	NET LEASE OFFICE PROPERTIES	68,480 (-2.2%)	$1,766 (-14.9%)	1.5%	$31.21	—	COM	64110Y108
EM	SMART SH GLOBAL LTD	476,600 (-23.9%)	$558 (-34.0%)	0.5%	$1.35	—	ADS	83193E102
GLUE	MONTE ROSA THERAPEUTICS INC	67,500 (-40.3%)	$1,058 (+26.4%)	0.9%	$5.30	+154.4%	COM	61225M102
WENN	WEN ACQUISITION CORP	62,530 (-25.7%)	$632 (-25.9%)	0.5%	$10.20	-0.2%	COM CL A	G9R39C103
SEPN	SEPTERNA INC	65,800 (-25.2%)	$1,835 (+10.8%)	1.5%	$11.78	+102.7%	COM	81734D104
TDAY	USA TODAY CO INC	47,300 (-52.7%)	$244 (-41.0%)	0.2%	$4.02	+16.9%	COM	36472T109
ALTS	ALT5 SIGMA CORP	29,000 (-40.0%)	$32 (-75.4%)	0.0%	$5.99	-67.8%	COM	47089W104
FDMT	4D MOLECULAR THERAPEUTICS IN	38,665 (-9.4%)	$290 (-21.8%)	0.2%	$5.23	+94.1%	COM	35104E100
SPKL	SPARK I ACQUISITION CORP	10,813 (-23.7%)	$124 (-25.0%)	0.1%	$11.05	+2.9%	ORD SHS	G8316B100
PEPG	PEPGEN INC	36,200 (-17.7%)	$236 (+15.9%)	0.2%	$1.67	+210.0%	COM	713317105
ABVX	ABIVAX SA	4,000 (-33.3%)	$539 (+5.9%)	0.4%	$84.90	—	SPONSORED ADS	00370M103
—	RALLYBIO CORP	40,000 (-51.8%)	$27 (-33.7%)	0.0%	$0.50	—	COM	75120L100
KURA	KURA ONCOLOGY INC	102,900 (-14.2%)	$1,069 (+0.7%)	0.9%	$6.16	+70.3%	COM	50127T109
OKUR	ONKURE THERAPEUTICS INC	145,000 (-6.7%)	$421 (-1.7%)	0.3%	$2.50	+19.5%	COM CL A	68277Q105

Unchanged Positions (23)

FLL FULL HSE RESORTS INC 1.9%

Value ($000) $2,339 Shares 896,000 Est. Cost $4.72 Unrealized -43.1%

SEG SEAPORT ENTMT GROUP INC 2.5%

Value ($000) $3,035 Shares 153,517 Est. Cost $28.66 Unrealized -21.8%

ABUS ARBUTUS BIOPHARMA CORP 3.4%

Value ($000) $4,040 Shares 840,000 Est. Cost $3.68 Unrealized +22.2%

TMQ TRILOGY METALS INC NEW 0.3%

Value ($000) $375 Shares 87,000 Est. Cost $1.38 Unrealized +241.8%

BBIO BRIDGEBIO PHARMA INC 0.3%

Value ($000) $382 Shares 5,000 Est. Cost — Unrealized —

NBIS NEBIUS GROUP N.V. 0.3%

Value ($000) $326 Shares 3,900 Est. Cost $24.38 Unrealized +325.1%

AVIR ATEA PHARMACEUTICALS INC 0.2%

Value ($000) $286 Shares 80,000 Est. Cost $3.13 Unrealized +1.6%

HGV HILTON GRAND VACATIONS INC 0.6%

Value ($000) $671 Shares 15,000 Est. Cost $46.03 Unrealized -7.7%

HEPS D MARKET ELECTR SVCS & TRADI 0.4%

Value ($000) $496 Shares 200,000 Est. Cost $2.90 Unrealized —

SITC SITE CTRS CORP 0.1%

Value ($000) $90 Shares 14,000 Est. Cost $12.52 Unrealized —

CORZ CORE SCIENTIFIC INC NEW 0.1%

Value ($000) $146 Shares 10,000 Est. Cost $14.67 Unrealized +18.9%

IMXI INTERNATIONAL MNY EXPRESS IN 0.1%

Value ($000) $154 Shares 10,000 Est. Cost $12.39 Unrealized +21.2%

ANTX AN2 THERAPEUTICS INC 0.1%

Value ($000) $74 Shares 65,000 Est. Cost $1.24 Unrealized -6.1%

MCGAU YORKVILLE ACQUISITION CORP. 0.1%

Value ($000) $103 Shares 10,000 Est. Cost $11.05 Unrealized —

PMVP PMV PHARMACEUTICALS INC 0.0%

Value ($000) $57 Shares 45,500 Est. Cost $1.38 Unrealized -3.2%

SEER SEER INC 0.0%

Value ($000) $37 Shares 20,000 Est. Cost $2.07 Unrealized -1.3%

PCAP PROCAP ACQUISITION CORP 0.4%

Value ($000) $479 Shares 47,304 Est. Cost $10.31 Unrealized -0.6%

DRDB ROMAN DBDR ACQUISITION CORP 0.4%

Value ($000) $451 Shares 43,200 Est. Cost $10.28 Unrealized +1.4%

GTERU GLOBA TERRA ACQUISITION COR 0.3%

Value ($000) $415 Shares 40,361 Est. Cost $10.17 Unrealized —

PACHU PIONEER ACQUISITION I CORP 0.2%

Value ($000) $226 Shares 22,145 Est. Cost $10.05 Unrealized —

MGNX MACROGENICS INC 0.0%

Value ($000) $49 Shares 30,220 Est. Cost $1.47 Unrealized +7.1%

RDAG REPUBLIC DIGITAL ACQUISITION 0.2%

Value ($000) $204 Shares 20,188 Est. Cost $10.28 Unrealized -0.3%

HVMCU HIGHVIEW MERGER CORP 0.2%

Value ($000) $203 Shares 20,000 Est. Cost $10.12 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FLL	FULL HSE RESORTS INC	896,000	$2,339	1.9%	$4.72	-43.1%	COM	359678109
SEG	SEAPORT ENTMT GROUP INC	153,517	$3,035	2.5%	$28.66	-21.8%	COMMON STOCK	812215200
ABUS	ARBUTUS BIOPHARMA CORP	840,000	$4,040	3.4%	$3.68	+22.2%	COM	03879J100
TMQ	TRILOGY METALS INC NEW	87,000	$375	0.3%	$1.38	+241.8%	COM	89621C105
BBIO	BRIDGEBIO PHARMA INC	5,000	$382	0.3%	—	—	CALL	10806X102
NBIS	NEBIUS GROUP N.V.	3,900	$326	0.3%	$24.38	+325.1%	SHS CLASS A	N97284108
AVIR	ATEA PHARMACEUTICALS INC	80,000	$286	0.2%	$3.13	+1.6%	COM	04683R106
HGV	HILTON GRAND VACATIONS INC	15,000	$671	0.6%	$46.03	-7.7%	COM	43283X105
HEPS	D MARKET ELECTR SVCS & TRADI	200,000	$496	0.4%	$2.90	—	SPONSORED ADS	23292B104
SITC	SITE CTRS CORP	14,000	$90	0.1%	$12.52	—	COM	82981J851
CORZ	CORE SCIENTIFIC INC NEW	10,000	$146	0.1%	$14.67	+18.9%	COM	21874A106
IMXI	INTERNATIONAL MNY EXPRESS IN	10,000	$154	0.1%	$12.39	+21.2%	COM	46005L101
ANTX	AN2 THERAPEUTICS INC	65,000	$74	0.1%	$1.24	-6.1%	COM	037326105
MCGAU	YORKVILLE ACQUISITION CORP.	10,000	$103	0.1%	$11.05	—	UNIT 06/06/2030	G98659108
PMVP	PMV PHARMACEUTICALS INC	45,500	$57	0.0%	$1.38	-3.2%	COM	69353Y103
SEER	SEER INC	20,000	$37	0.0%	$2.07	-1.3%	COM CL A	81578P106
PCAP	PROCAP ACQUISITION CORP	47,304	$479	0.4%	$10.31	-0.6%	SHS CL A	G7257A105
DRDB	ROMAN DBDR ACQUISITION CORP	43,200	$451	0.4%	$10.28	+1.4%	ORD SHS CL A	G7633M104
GTERU	GLOBA TERRA ACQUISITION COR	40,361	$415	0.3%	$10.17	—	UNIT 99/99/9999	G3933N108
PACHU	PIONEER ACQUISITION I CORP	22,145	$226	0.2%	$10.05	—	UNIT 06/16/2030	G7117W123
MGNX	MACROGENICS INC	30,220	$49	0.0%	$1.47	+7.1%	COM	556099109
RDAG	REPUBLIC DIGITAL ACQUISITION	20,188	$204	0.2%	$10.28	-0.3%	USD CL A ORD SHS	G7515A103
HVMCU	HIGHVIEW MERGER CORP	20,000	$203	0.2%	$10.12	—	UNIT 07/24/2030	G4569C127