Glaxis Capital Management, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWY	ISHARES INC	30,000	$2,917	5.0%	$97.22	—	MSCI STH KOR ETF	464286772
TLT	ISHARES TR	30,000	$2,615	4.5%	$87.16	—	20 YR TR BD ETF	464287432
BAC	BANK AMERICA CORP	46,000	$2,530	4.3%	$52.67	0.0%	COM	060505104
ZROZ	PIMCO ETF TR	25,000	$1,606	2.7%	$64.25	—	25YR+ ZERO U S	72201R882
IJR	ISHARES TR	10,000	$1,202	2.1%	$120.18	—	CORE S&P SCP ETF	464287804
AMZN	AMAZON COM INC	4,070	$939	1.6%	$228.79	0.0%	COM	023135106
—	COHEN & STEERS SELECT PFD &	45,000	$913	1.6%	$20.28	—	COM	19248Y107
PNC	PNC FINL SVCS GROUP INC	4,000	$835	1.4%	$192.78	0.0%	COM	693475105
KWEB	KRANESHARES TRUST	21,400	$729	1.2%	$34.05	—	CSI CHI INTERNET	500767306
GBTC	GRAYSCALE BITCOIN TRUST ETF	10,000	$684	1.2%	$68.36	—	SHS REP COM UT	389637109
INDA	ISHARES TR	10,275	$555	1.0%	$54.05	—	MSCI INDIA ETF	46429B598
VOE	VANGUARD INDEX FDS	2,500	$443	0.8%	$177.37	—	MCAP VL IDXVIP	922908512
IEF	ISHARES TR	4,500	$433	0.7%	$96.16	—	7-10 YR TRSY BD	464287440
AMD	ADVANCED MICRO DEVICES INC	2,000	$428	0.7%	$224.60	0.0%	COM	007903107
UAL	UNITED AIRLS HLDGS INC	1,900	$212	0.4%	$101.05	0.0%	COM	910047109

Increased Positions (10)

SPY SPDR S&P 500 ETF TR 11.7%

Value ($000) $6,819 (+104.7%) Shares 10,000 (+100.0%) Est. Cost $674.05 Unrealized —

EEM ISHARES TR 8.4%

Value ($000) $4,924 (+153.2%) Shares 90,000 (+147.1%) Est. Cost $52.09 Unrealized —

WFC WELLS FARGO CO NEW 6.0%

Value ($000) $3,513 (+51.3%) Shares 37,697 (+36.1%) Est. Cost $76.49 Unrealized +13.3%

— COHEN & STEERS LTD DURATION 8.4%

Value ($000) $4,907 (+30.1%) Shares 231,800 (+33.2%) Est. Cost $19.95 Unrealized —

DAL DELTA AIR LINES INC DEL 1.2%

Value ($000) $694 (+205.7%) Shares 10,000 (+150.0%) Est. Cost $60.20 Unrealized +3.7%

BIDU BAIDU INC 1.3%

Value ($000) $784 (+98.3%) Shares 6,000 (+100.0%) Est. Cost $131.22 Unrealized —

VTI VANGUARD INDEX FDS 1.1%

Value ($000) $629 (+78.2%) Shares 1,875 (+74.4%) Est. Cost $331.20 Unrealized —

CGCP CAPITAL GRP FIXED INCM ETF T 0.8%

Value ($000) $453 (+99.3%) Shares 20,000 (+100.0%) Est. Cost $22.68 Unrealized —

VEU VANGUARD INTL EQUITY INDEX F 1.6%

Value ($000) $914 (+2.8%) Shares 6,380 (+2.3%) Est. Cost $83.22 Unrealized —

SCHE SCHWAB STRATEGIC TR 0.5%

Value ($000) $281 (+0.9%) Shares 8,588 (+2.8%) Est. Cost $25.06 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	10,000 (+100.0%)	$6,819 (+104.7%)	11.7%	$674.05	—	TR UNIT	78462F103
EEM	ISHARES TR	90,000 (+147.1%)	$4,924 (+153.2%)	8.4%	$52.09	—	MSCI EMG MKT ETF	464287234
WFC	WELLS FARGO CO NEW	37,697 (+36.1%)	$3,513 (+51.3%)	6.0%	$76.49	+13.3%	COM	949746101
—	COHEN & STEERS LTD DURATION	231,800 (+33.2%)	$4,907 (+30.1%)	8.4%	$19.95	—	COM	19248C105
DAL	DELTA AIR LINES INC DEL	10,000 (+150.0%)	$694 (+205.7%)	1.2%	$60.20	+3.7%	COM NEW	247361702
BIDU	BAIDU INC	6,000 (+100.0%)	$784 (+98.3%)	1.3%	$131.22	—	SPON ADR REP A	056752108
VTI	VANGUARD INDEX FDS	1,875 (+74.4%)	$629 (+78.2%)	1.1%	$331.20	—	TOTAL STK MKT	922908769
CGCP	CAPITAL GRP FIXED INCM ETF T	20,000 (+100.0%)	$453 (+99.3%)	0.8%	$22.68	—	CORE PLUS INCM	14020Y102
VEU	VANGUARD INTL EQUITY INDEX F	6,380 (+2.3%)	$914 (+2.8%)	1.6%	$83.22	—	ALLWRLD EX US	922042775
SCHE	SCHWAB STRATEGIC TR	8,588 (+2.8%)	$281 (+0.9%)	0.5%	$25.06	—	EMRG MKTEQ ETF	808524706

Exited Positions (20)

JD JD.COM INC 4.2%

Value ($000) $2,449 Shares 70,000 Est. Cost $34.98 Unrealized —

GDS GDS HLDGS LTD 4.0%

Value ($000) $2,322 Shares 60,000 Est. Cost $38.70 Unrealized —

C CITIGROUP INC 2.6%

Value ($000) $1,523 Shares 15,000 Est. Cost $94.11 Unrealized +10.1%

PGX INVESCO EXCH TRADED FD TR II 2.0%

Value ($000) $1,160 Shares 100,000 Est. Cost $11.36 Unrealized —

FBTC FIDELITY WISE ORIGIN BITCOIN 1.7%

Value ($000) $998 Shares 10,000 Est. Cost $93.99 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 1.4%

Value ($000) $790 Shares 4,165 Est. Cost $189.70 Unrealized —

ETHE GRAYSCALE ETHEREUM TRUST ETF 1.2%

Value ($000) $685 Shares 20,000 Est. Cost $34.27 Unrealized —

CEG CONSTELLATION ENERGY CORP 1.1%

Value ($000) $658 Shares 2,000 Est. Cost $322.17 Unrealized +12.7%

TLN TALEN ENERGY CORP 1.1%

Value ($000) $638 Shares 1,500 Est. Cost $361.29 Unrealized +7.6%

VST VISTRA CORP 1.0%

Value ($000) $588 Shares 3,000 Est. Cost $197.68 Unrealized -8.0%

NRG NRG ENERGY INC 1.0%

Value ($000) $567 Shares 3,500 Est. Cost $155.26 Unrealized +6.5%

XLF SELECT SECTOR SPDR TR 0.9%

Value ($000) $539 Shares 10,000 Est. Cost $53.87 Unrealized —

SLV ISHARES SILVER TR 0.7%

Value ($000) $424 Shares 10,000 Est. Cost $32.81 Unrealized —

AMLP ALPS ETF TR 0.7%

Value ($000) $422 Shares 9,000 Est. Cost $48.86 Unrealized —

KKR KKR & CO INC 0.7%

Value ($000) $390 Shares 3,000 Est. Cost $141.65 Unrealized -12.3%

KC KINGSOFT CLOUD HLDGS LTD 0.6%

Value ($000) $373 Shares 25,000 Est. Cost $14.92 Unrealized —

TME TENCENT MUSIC ENTMT GROUP 0.6%

Value ($000) $350 Shares 15,000 Est. Cost $23.34 Unrealized —

CGNG CAPITAL GROUP NEW GEOGRAPHY 0.6%

Value ($000) $337 Shares 10,900 Est. Cost $25.16 Unrealized —

CGDV CAPITAL GROUP DIVIDEND VALUE 0.5%

Value ($000) $294 Shares 7,000 Est. Cost $39.49 Unrealized —

CQQQ INVESCO EXCH TRADED FD TR II 0.4%

Value ($000) $245 Shares 4,150 Est. Cost $59.01 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JD	JD.COM INC	70,000	$2,449	4.2%	$34.98	—	—	47215P106
GDS	GDS HLDGS LTD	60,000	$2,322	4.0%	$38.70	—	—	36165L108
C	CITIGROUP INC	15,000	$1,523	2.6%	$94.11	+10.1%	—	172967424
PGX	INVESCO EXCH TRADED FD TR II	100,000	$1,160	2.0%	$11.36	—	—	46138E511
FBTC	FIDELITY WISE ORIGIN BITCOIN	10,000	$998	1.7%	$93.99	—	—	315948109
RSP	INVESCO EXCHANGE TRADED FD T	4,165	$790	1.4%	$189.70	—	—	46137V357
ETHE	GRAYSCALE ETHEREUM TRUST ETF	20,000	$685	1.2%	$34.27	—	—	389638107
CEG	CONSTELLATION ENERGY CORP	2,000	$658	1.1%	$322.17	+12.7%	—	21037T109
TLN	TALEN ENERGY CORP	1,500	$638	1.1%	$361.29	+7.6%	—	87422Q109
VST	VISTRA CORP	3,000	$588	1.0%	$197.68	-8.0%	—	92840M102
NRG	NRG ENERGY INC	3,500	$567	1.0%	$155.26	+6.5%	—	629377508
XLF	SELECT SECTOR SPDR TR	10,000	$539	0.9%	$53.87	—	—	81369Y605
SLV	ISHARES SILVER TR	10,000	$424	0.7%	$32.81	—	—	46428Q109
AMLP	ALPS ETF TR	9,000	$422	0.7%	$48.86	—	—	00162Q452
KKR	KKR & CO INC	3,000	$390	0.7%	$141.65	-12.3%	—	48251W104
KC	KINGSOFT CLOUD HLDGS LTD	25,000	$373	0.6%	$14.92	—	—	49639K101
TME	TENCENT MUSIC ENTMT GROUP	15,000	$350	0.6%	$23.34	—	—	88034P109
CGNG	CAPITAL GROUP NEW GEOGRAPHY	10,900	$337	0.6%	$25.16	—	—	14021N105
CGDV	CAPITAL GROUP DIVIDEND VALUE	7,000	$294	0.5%	$39.49	—	—	14020W106
CQQQ	INVESCO EXCH TRADED FD TR II	4,150	$245	0.4%	$59.01	—	—	46138E800

Decreased Positions (5)

FXI ISHARES TR 0.4%

Value ($000) $218 (-97.0%) Shares 5,700 (-96.8%) Est. Cost $36.82 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.4%

Value ($000) $213 (-94.4%) Shares 4,300 (-92.6%) Est. Cost $64.14 Unrealized —

XLU SELECT SECTOR SPDR TR 0.4%

Value ($000) $256 (-87.2%) Shares 6,000 (-73.9%) Est. Cost $86.49 Unrealized —

MSFT MICROSOFT CORP 2.2%

Value ($000) $1,257 (-32.6%) Shares 2,600 (-27.8%) Est. Cost $400.94 Unrealized +24.9%

MDY SPDR S&P MIDCAP 400 ETF TR 1.4%

Value ($000) $808 (-30.4%) Shares 1,340 (-31.3%) Est. Cost $567.19 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FXI	ISHARES TR	5,700 (-96.8%)	$218 (-97.0%)	0.4%	$36.82	—	CHINA LG-CAP ETF	464287184
IBIT	ISHARES BITCOIN TRUST ETF	4,300 (-92.6%)	$213 (-94.4%)	0.4%	$64.14	—	SHS BEN INT	46438F101
XLU	SELECT SECTOR SPDR TR	6,000 (-73.9%)	$256 (-87.2%)	0.4%	$86.49	—	STATE STREET UTI	81369Y886
MSFT	MICROSOFT CORP	2,600 (-27.8%)	$1,257 (-32.6%)	2.2%	$400.94	+24.9%	COM	594918104
MDY	SPDR S&P MIDCAP 400 ETF TR	1,340 (-31.3%)	$808 (-30.4%)	1.4%	$567.19	—	UTSER1 S&PDCRP	78467Y107

Unchanged Positions (13)

GRMN GARMIN LTD 0.7%

Value ($000) $426 Shares 2,100 Est. Cost $92.05 Unrealized +135.4%

VOO VANGUARD INDEX FDS 4.6%

Value ($000) $2,675 Shares 4,265 Est. Cost $508.18 Unrealized —

PFF ISHARES TR 10.8%

Value ($000) $6,300 Shares 203,500 Est. Cost $31.51 Unrealized —

SYY SYSCO CORP 0.8%

Value ($000) $472 Shares 6,400 Est. Cost $72.65 Unrealized +3.9%

AAPL APPLE INC 1.4%

Value ($000) $816 Shares 3,000 Est. Cost $201.41 Unrealized +33.2%

VSS VANGUARD INTL EQUITY INDEX F 2.2%

Value ($000) $1,295 Shares 17,604 Est. Cost $79.27 Unrealized —

PFG PRINCIPAL FINANCIAL GROUP IN 0.6%

Value ($000) $348 Shares 3,941 Est. Cost $63.22 Unrealized +32.7%

KRE SPDR SERIES TRUST 1.1%

Value ($000) $648 Shares 10,000 Est. Cost $63.30 Unrealized —

VB VANGUARD INDEX FDS 1.1%

Value ($000) $644 Shares 2,497 Est. Cost $213.20 Unrealized —

SCHA SCHWAB STRATEGIC TR 0.7%

Value ($000) $383 Shares 13,440 Est. Cost $32.41 Unrealized —

SCHB SCHWAB STRATEGIC TR 0.4%

Value ($000) $246 Shares 9,371 Est. Cost $23.83 Unrealized —

SCHM SCHWAB STRATEGIC TR 0.4%

Value ($000) $206 Shares 6,864 Est. Cost $29.64 Unrealized —

VIOO VANGUARD ADMIRAL FDS INC 0.4%

Value ($000) $242 Shares 2,179 Est. Cost $110.47 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GRMN	GARMIN LTD	2,100	$426	0.7%	$92.05	+135.4%	SHS	H2906T109
VOO	VANGUARD INDEX FDS	4,265	$2,675	4.6%	$508.18	—	S&P 500 ETF SHS	922908363
PFF	ISHARES TR	203,500	$6,300	10.8%	$31.51	—	PFD AND INCM SEC	464288687
SYY	SYSCO CORP	6,400	$472	0.8%	$72.65	+3.9%	COM	871829107
AAPL	APPLE INC	3,000	$816	1.4%	$201.41	+33.2%	COM	037833100
VSS	VANGUARD INTL EQUITY INDEX F	17,604	$1,295	2.2%	$79.27	—	FTSE SMCAP ETF	922042718
PFG	PRINCIPAL FINANCIAL GROUP IN	3,941	$348	0.6%	$63.22	+32.7%	COM	74251V102
KRE	SPDR SERIES TRUST	10,000	$648	1.1%	$63.30	—	STATE STREET SPD	78464A698
VB	VANGUARD INDEX FDS	2,497	$644	1.1%	$213.20	—	SMALL CP ETF	922908751
SCHA	SCHWAB STRATEGIC TR	13,440	$383	0.7%	$32.41	—	US SML CAP ETF	808524607
SCHB	SCHWAB STRATEGIC TR	9,371	$246	0.4%	$23.83	—	US BRD MKT ETF	808524102
SCHM	SCHWAB STRATEGIC TR	6,864	$206	0.4%	$29.64	—	US MID-CAP ETF	808524508
VIOO	VANGUARD ADMIRAL FDS INC	2,179	$242	0.4%	$110.47	—	SMLLCP 600 IDX	921932828