Old West Investment Management, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AR	ANTERO RESOURCES CORP	203,985	$7,029	1.3%	$33.87	0.0%	COM	03674X106
ET	ENERGY TRANSFER L P	219,080	$3,613	0.6%	$16.49	—	COM UT LTD PTN	29273V100
ILMN	ILLUMINA INC	22,950	$3,010	0.5%	$117.40	0.0%	COM	452327109
AME	AMETEK INC	12,970	$2,663	0.5%	$194.36	0.0%	COM	031100100
A	AGILENT TECHNOLOGIES INC	16,925	$2,303	0.4%	$143.72	0.0%	COM	00846U101
V	VISA INC	6,510	$2,283	0.4%	$340.38	0.0%	COM CL A	92826C839
SLB	SLB LIMITED	52,862	$2,029	0.4%	$36.06	0.0%	COM STK	806857108
ATI	ATI INC	12,555	$1,441	0.3%	$97.45	0.0%	COM	01741R102
VALE	VALE S A	92,080	$1,200	0.2%	$13.03	—	SPONSORED ADS	91912E105
RIO	RIO TINTO PLC	14,210	$1,137	0.2%	$80.03	—	SPONSORED ADR	767204100
RAL	RALLIANT CORP	19,967	$1,017	0.2%	$46.87	0.0%	COM	750940108
LIN	LINDE PLC	2,320	$989	0.2%	$427.28	0.0%	SHS	G54950103
CTS	CTS CORP	22,442	$962	0.2%	$41.90	0.0%	COM	126501105
PBR	PETROLEO BRASILEIRO SA PETRO	78,040	$925	0.2%	$11.85	—	SPONSORED ADR	71654V408
NOV	NOV INC	55,333	$865	0.2%	$14.83	0.0%	COM	62955J103
CLB	CORE LABORATORIES INC	38,223	$613	0.1%	$14.87	0.0%	COM	21867A105
AMTM	AMENTUM HOLDINGS INC	19,355	$561	0.1%	$25.56	0.0%	COM	023939101
SAIC	SCIENCE APPLICATIONS INTL CO	4,595	$463	0.1%	$95.49	0.0%	COM	808625107
ATKR	ATKORE INC	6,791	$430	0.1%	$64.69	0.0%	COM	047649108
POWI	POWER INTEGRATIONS INC	8,985	$319	0.1%	$37.75	0.0%	COM	739276103
LAR	LITHIUM ARGENTINA AG	33,089	$185	0.0%	$4.75	0.0%	COM SHS	H5012F103

Increased Positions (47)

ALB ALBEMARLE CORP 3.5%

Value ($000) $19,399 (+343.5%) Shares 137,152 (+154.2%) Est. Cost $100.96 Unrealized +12.2%

BRKR BRUKER CORP 5.8%

Value ($000) $32,260 (+73.1%) Shares 684,770 (+19.4%) Est. Cost $38.18 Unrealized +10.6%

AA ALCOA CORP 2.2%

Value ($000) $12,359 (+1618.6%) Shares 232,578 (+963.7%) Est. Cost $39.95 Unrealized +2.3%

CNQ CANADIAN NAT RES LTD 4.6%

Value ($000) $26,010 (+60.0%) Shares 768,396 (+51.1%) Est. Cost $32.12 Unrealized +1.0%

OII OCEANEERING INTL INC 2.3%

Value ($000) $13,055 (+121.3%) Shares 543,271 (+128.2%) Est. Cost $24.13 Unrealized +0.1%

NOK NOKIA CORP 1.8%

Value ($000) $10,297 (+190.0%) Shares 1,591,571 (+115.6%) Est. Cost $5.70 Unrealized —

LMT LOCKHEED MARTIN CORP 4.6%

Value ($000) $25,956 (+34.0%) Shares 53,665 (+38.3%) Est. Cost $396.53 Unrealized +20.1%

BLDR BUILDERS FIRSTSOURCE INC 2.3%

Value ($000) $12,657 (+64.9%) Shares 123,015 (+94.3%) Est. Cost $118.74 Unrealized -5.4%

OMEX ODYSSEY MARINE EXPL INC 1.9%

Value ($000) $10,773 (+50.3%) Shares 5,496,448 (+49.5%) Est. Cost $1.84 Unrealized +25.5%

GMED GLOBUS MED INC 1.6%

Value ($000) $8,863 (+56.1%) Shares 101,517 (+2.4%) Est. Cost $55.69 Unrealized +36.3%

SU SUNCOR ENERGY INC NEW 1.1%

Value ($000) $5,899 (+108.7%) Shares 132,973 (+96.7%) Est. Cost $41.17 Unrealized +2.7%

FCX FREEPORT-MCMORAN INC 1.1%

Value ($000) $6,253 (+87.9%) Shares 123,106 (+45.1%) Est. Cost $33.76 Unrealized +28.3%

GSM FERROGLOBE PLC 3.1%

Value ($000) $17,626 (+19.6%) Shares 3,798,781 (+17.3%) Est. Cost $4.53 Unrealized +1.6%

ASML ASML HOLDING N V 2.3%

Value ($000) $12,917 (+24.5%) Shares 12,074 (+12.7%) Est. Cost $900.26 Unrealized —

WFRD WEATHERFORD INTL PLC 1.2%

Value ($000) $6,791 (+53.2%) Shares 86,776 (+33.9%) Est. Cost $62.74 Unrealized +15.7%

AGI ALAMOS GOLD INC NEW 3.3%

Value ($000) $18,661 (+13.7%) Shares 483,702 (+2.7%) Est. Cost $17.44 Unrealized +99.8%

ELAN ELANCO ANIMAL HEALTH INC 2.0%

Value ($000) $11,300 (+24.1%) Shares 499,348 (+10.4%) Est. Cost $14.00 Unrealized +55.4%

KEYS KEYSIGHT TECHNOLOGIES INC 0.5%

Value ($000) $3,002 (+201.1%) Shares 14,775 (+159.2%) Est. Cost $178.26 Unrealized +4.1%

LHX L3HARRIS TECHNOLOGIES INC 0.4%

Value ($000) $2,470 (+127.2%) Shares 8,415 (+136.4%) Est. Cost $281.21 Unrealized +2.6%

NXE NEXGEN ENERGY LTD 4.5%

Value ($000) $25,004 (+5.4%) Shares 2,717,795 (+2.6%) Est. Cost $5.20 Unrealized +69.8%

CNR CORE NATURAL RESOURCES INC 1.8%

Value ($000) $9,979 (+14.4%) Shares 112,745 (+7.9%) Est. Cost $75.52 Unrealized +12.8%

TDY TELEDYNE TECHNOLOGIES INC 0.4%

Value ($000) $2,176 (+114.0%) Shares 4,260 (+145.5%) Est. Cost $535.28 Unrealized -1.6%

AMR ALPHA METALLURGICAL RESOUR I 1.0%

Value ($000) $5,777 (+24.2%) Shares 28,903 (+2.0%) Est. Cost $165.14 Unrealized +4.7%

IPGP IPG PHOTONICS CORP 0.5%

Value ($000) $2,757 (+67.1%) Shares 38,512 (+84.8%) Est. Cost $76.14 Unrealized +7.2%

VRT VERTIV HOLDINGS CO 1.2%

Value ($000) $6,868 (+18.4%) Shares 42,393 (+10.3%) Est. Cost $84.22 Unrealized +106.1%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.8%

Value ($000) $10,278 (+9.1%) Shares 20,447 (+9.1%) Est. Cost $358.79 Unrealized +38.7%

AEM AGNICO EAGLE MINES LTD 3.2%

Value ($000) $18,166 (+4.6%) Shares 107,152 (+4.0%) Est. Cost $62.49 Unrealized +168.6%

SSNC SS&C TECHNOLOGIES HLDGS INC 2.0%

Value ($000) $11,013 (+6.5%) Shares 125,983 (+8.2%) Est. Cost $63.87 Unrealized +33.5%

MKSI MKS INC. 0.5%

Value ($000) $2,613 (+33.2%) Shares 16,350 (+3.2%) Est. Cost $97.02 Unrealized +52.8%

ALLE ALLEGION PLC 1.0%

Value ($000) $5,630 (+12.6%) Shares 35,362 (+25.4%) Est. Cost $145.25 Unrealized +14.8%

KBR KBR INC 0.2%

Value ($000) $876 (+166.0%) Shares 21,802 (+212.9%) Est. Cost $44.48 Unrealized -3.9%

CC CHEMOURS CO 0.2%

Value ($000) $904 (+138.5%) Shares 76,653 (+220.5%) Est. Cost $13.28 Unrealized -3.7%

TDW TIDEWATER INC NEW 0.7%

Value ($000) $3,988 (+12.8%) Shares 78,950 (+19.1%) Est. Cost $53.47 Unrealized -1.2%

GLNG GOLAR LNG LTD 0.4%

Value ($000) $2,205 (+19.5%) Shares 59,252 (+29.8%) Est. Cost $38.93 Unrealized -2.1%

ERO ERO COPPER CORP 0.1%

Value ($000) $824 (+67.4%) Shares 29,144 (+19.7%) Est. Cost $16.56 Unrealized +40.7%

VAL VALARIS LTD 0.7%

Value ($000) $3,787 (+5.0%) Shares 75,148 (+1.6%) Est. Cost $45.99 Unrealized +16.7%

ACLS AXCELIS TECHNOLOGIES INC 0.3%

Value ($000) $1,451 (-8.6%) Shares 18,064 (+11.0%) Est. Cost $80.86 Unrealized +3.6%

HXL HEXCEL CORP NEW 0.1%

Value ($000) $467 (+30.5%) Shares 6,317 (+10.7%) Est. Cost $62.30 Unrealized +13.5%

MTRN MATERION CORP 0.2%

Value ($000) $904 (+7.5%) Shares 7,275 (+4.5%) Est. Cost $105.79 Unrealized +16.6%

VIRT VIRTU FINL INC 2.2%

Value ($000) $12,385 (-0.5%) Shares 371,697 (+6.0%) Est. Cost $21.93 Unrealized +55.9%

NE NOBLE CORP PLC 0.4%

Value ($000) $2,269 (+2.3%) Shares 80,354 (+2.4%) Est. Cost $23.68 Unrealized +23.5%

FLR FLUOR CORP NEW 0.1%

Value ($000) $718 (+5.8%) Shares 18,119 (+12.3%) Est. Cost $40.59 Unrealized +9.0%

DNN DENISON MINES CORP 0.3%

Value ($000) $1,905 (-2.0%) Shares 715,979 (+1.3%) Est. Cost $1.32 Unrealized +106.5%

INTC INTEL CORP 0.0%

Value ($000) $247 (+14.3%) Shares 6,695 (+4.0%) Est. Cost $24.74 Unrealized +52.6%

URG UR-ENERGY INC 0.0%

Value ($000) $77 (+55.3%) Shares 55,110 (+100.0%) Est. Cost $1.25 Unrealized +18.7%

VECO VEECO INSTRS INC DEL 0.4%

Value ($000) $2,041 (-0.8%) Shares 71,428 (+5.6%) Est. Cost $22.44 Unrealized +32.1%

ERII ENERGY RECOVERY INC 0.1%

Value ($000) $674 (+0.2%) Shares 49,944 (+14.6%) Est. Cost $15.16 Unrealized -0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ALB	ALBEMARLE CORP	137,152 (+154.2%)	$19,399 (+343.5%)	3.5%	$100.96	+12.2%	COM	012653101
BRKR	BRUKER CORP	684,770 (+19.4%)	$32,260 (+73.1%)	5.8%	$38.18	+10.6%	COM	116794108
AA	ALCOA CORP	232,578 (+963.7%)	$12,359 (+1618.6%)	2.2%	$39.95	+2.3%	COM	013872106
CNQ	CANADIAN NAT RES LTD	768,396 (+51.1%)	$26,010 (+60.0%)	4.6%	$32.12	+1.0%	COM	136385101
OII	OCEANEERING INTL INC	543,271 (+128.2%)	$13,055 (+121.3%)	2.3%	$24.13	+0.1%	COM	675232102
NOK	NOKIA CORP	1,591,571 (+115.6%)	$10,297 (+190.0%)	1.8%	$5.70	—	SPONSORED ADR	654902204
LMT	LOCKHEED MARTIN CORP	53,665 (+38.3%)	$25,956 (+34.0%)	4.6%	$396.53	+20.1%	COM	539830109
BLDR	BUILDERS FIRSTSOURCE INC	123,015 (+94.3%)	$12,657 (+64.9%)	2.3%	$118.74	-5.4%	COM	12008R107
OMEX	ODYSSEY MARINE EXPL INC	5,496,448 (+49.5%)	$10,773 (+50.3%)	1.9%	$1.84	+25.5%	COM NEW	676118201
GMED	GLOBUS MED INC	101,517 (+2.4%)	$8,863 (+56.1%)	1.6%	$55.69	+36.3%	CL A	379577208
SU	SUNCOR ENERGY INC NEW	132,973 (+96.7%)	$5,899 (+108.7%)	1.1%	$41.17	+2.7%	COM	867224107
FCX	FREEPORT-MCMORAN INC	123,106 (+45.1%)	$6,253 (+87.9%)	1.1%	$33.76	+28.3%	CL B	35671D857
GSM	FERROGLOBE PLC	3,798,781 (+17.3%)	$17,626 (+19.6%)	3.1%	$4.53	+1.6%	SHS	G33856108
ASML	ASML HOLDING N V	12,074 (+12.7%)	$12,917 (+24.5%)	2.3%	$900.26	—	N Y REGISTRY SHS	N07059210
WFRD	WEATHERFORD INTL PLC	86,776 (+33.9%)	$6,791 (+53.2%)	1.2%	$62.74	+15.7%	ORD SHS	G48833118
AGI	ALAMOS GOLD INC NEW	483,702 (+2.7%)	$18,661 (+13.7%)	3.3%	$17.44	+99.8%	COM CL A	011532108
ELAN	ELANCO ANIMAL HEALTH INC	499,348 (+10.4%)	$11,300 (+24.1%)	2.0%	$14.00	+55.4%	COM	28414H103
KEYS	KEYSIGHT TECHNOLOGIES INC	14,775 (+159.2%)	$3,002 (+201.1%)	0.5%	$178.26	+4.1%	COM	49338L103
LHX	L3HARRIS TECHNOLOGIES INC	8,415 (+136.4%)	$2,470 (+127.2%)	0.4%	$281.21	+2.6%	COM	502431109
NXE	NEXGEN ENERGY LTD	2,717,795 (+2.6%)	$25,004 (+5.4%)	4.5%	$5.20	+69.8%	COM	65340P106
CNR	CORE NATURAL RESOURCES INC	112,745 (+7.9%)	$9,979 (+14.4%)	1.8%	$75.52	+12.8%	COM SHS	218937100
TDY	TELEDYNE TECHNOLOGIES INC	4,260 (+145.5%)	$2,176 (+114.0%)	0.4%	$535.28	-1.6%	COM	879360105
AMR	ALPHA METALLURGICAL RESOUR I	28,903 (+2.0%)	$5,777 (+24.2%)	1.0%	$165.14	+4.7%	COM	020764106
IPGP	IPG PHOTONICS CORP	38,512 (+84.8%)	$2,757 (+67.1%)	0.5%	$76.14	+7.2%	COM	44980X109
VRT	VERTIV HOLDINGS CO	42,393 (+10.3%)	$6,868 (+18.4%)	1.2%	$84.22	+106.1%	COM CL A	92537N108
BRK/B	BERKSHIRE HATHAWAY INC DEL	20,447 (+9.1%)	$10,278 (+9.1%)	1.8%	$358.79	+38.7%	CL B NEW	084670702
AEM	AGNICO EAGLE MINES LTD	107,152 (+4.0%)	$18,166 (+4.6%)	3.2%	$62.49	+168.6%	COM	008474108
SSNC	SS&C TECHNOLOGIES HLDGS INC	125,983 (+8.2%)	$11,013 (+6.5%)	2.0%	$63.87	+33.5%	COM	78467J100
MKSI	MKS INC.	16,350 (+3.2%)	$2,613 (+33.2%)	0.5%	$97.02	+52.8%	COM	55306N104
ALLE	ALLEGION PLC	35,362 (+25.4%)	$5,630 (+12.6%)	1.0%	$145.25	+14.8%	ORD SHS	G0176J109
KBR	KBR INC	21,802 (+212.9%)	$876 (+166.0%)	0.2%	$44.48	-3.9%	COM	48242W106
CC	CHEMOURS CO	76,653 (+220.5%)	$904 (+138.5%)	0.2%	$13.28	-3.7%	COM	163851108
TDW	TIDEWATER INC NEW	78,950 (+19.1%)	$3,988 (+12.8%)	0.7%	$53.47	-1.2%	COM	88642R109
GLNG	GOLAR LNG LTD	59,252 (+29.8%)	$2,205 (+19.5%)	0.4%	$38.93	-2.1%	SHS	G9456A100
ERO	ERO COPPER CORP	29,144 (+19.7%)	$824 (+67.4%)	0.1%	$16.56	+40.7%	COM	296006109
VAL	VALARIS LTD	75,148 (+1.6%)	$3,787 (+5.0%)	0.7%	$45.99	+16.7%	CL A	G9460G101
ACLS	AXCELIS TECHNOLOGIES INC	18,064 (+11.0%)	$1,451 (-8.6%)	0.3%	$80.86	+3.6%	COM NEW	054540208
HXL	HEXCEL CORP NEW	6,317 (+10.7%)	$467 (+30.5%)	0.1%	$62.30	+13.5%	COM	428291108
MTRN	MATERION CORP	7,275 (+4.5%)	$904 (+7.5%)	0.2%	$105.79	+16.6%	COM	576690101
VIRT	VIRTU FINL INC	371,697 (+6.0%)	$12,385 (-0.5%)	2.2%	$21.93	+55.9%	CL A	928254101
NE	NOBLE CORP PLC	80,354 (+2.4%)	$2,269 (+2.3%)	0.4%	$23.68	+23.5%	ORD SHS A	G65431127
FLR	FLUOR CORP NEW	18,119 (+12.3%)	$718 (+5.8%)	0.1%	$40.59	+9.0%	COM	343412102
DNN	DENISON MINES CORP	715,979 (+1.3%)	$1,905 (-2.0%)	0.3%	$1.32	+106.5%	COM	248356107
INTC	INTEL CORP	6,695 (+4.0%)	$247 (+14.3%)	0.0%	$24.74	+52.6%	COM	458140100
URG	UR-ENERGY INC	55,110 (+100.0%)	$77 (+55.3%)	0.0%	$1.25	+18.7%	COM	91688R108
VECO	VEECO INSTRS INC DEL	71,428 (+5.6%)	$2,041 (-0.8%)	0.4%	$22.44	+32.1%	COM	922417100
ERII	ENERGY RECOVERY INC	49,944 (+14.6%)	$674 (+0.2%)	0.1%	$15.16	-0.0%	COM	29270J100

Exited Positions (5)

CVGW CALAVO GROWERS INC 2.0%

Value ($000) $11,196 Shares 434,966 Est. Cost $25.52 Unrealized -13.9%

SGML SIGMA LITHIUM CORPORATION 0.7%

Value ($000) $4,179 Shares 651,892 Est. Cost $6.06 Unrealized +42.1%

FLG FLAGSTAR FINANCIAL INC 0.6%

Value ($000) $3,124 Shares 270,469 Est. Cost $11.88 Unrealized +0.6%

GTLS CHART INDS INC 0.2%

Value ($000) $1,155 Shares 5,772 Est. Cost $146.88 Unrealized +38.0%

LGO LARGO INC 0.1%

Value ($000) $562 Shares 374,378 Est. Cost $1.50 Unrealized -21.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVGW	CALAVO GROWERS INC	434,966	$11,196	2.0%	$25.52	-13.9%	—	128246105
SGML	SIGMA LITHIUM CORPORATION	651,892	$4,179	0.7%	$6.06	+42.1%	—	826599102
FLG	FLAGSTAR FINANCIAL INC	270,469	$3,124	0.6%	$11.88	+0.6%	—	649445400
GTLS	CHART INDS INC	5,772	$1,155	0.2%	$146.88	+38.0%	—	16115Q308
LGO	LARGO INC	374,378	$562	0.1%	$1.50	-21.0%	—	517097101

Decreased Positions (10)

TMQ TRILOGY METALS INC NEW 3.6%

Value ($000) $20,167 (-21.1%) Shares 4,679,087 (-61.5%) Est. Cost $0.93 Unrealized +407.9%

LAC LITHIUM AMERS CORP NEW 0.6%

Value ($000) $3,520 (-54.0%) Shares 807,391 (-39.7%) Est. Cost $3.16 Unrealized +82.7%

KW KENNEDY-WILSON HOLDINGS INC 0.9%

Value ($000) $4,835 (-33.8%) Shares 500,000 (-43.0%) Est. Cost $13.76 Unrealized -34.9%

BG BUNGE GLOBAL SA 2.9%

Value ($000) $16,515 (+8.2%) Shares 185,400 (-1.3%) Est. Cost $89.49 Unrealized +2.6%

TMC TMC THE METALS COMPANY INC 2.1%

Value ($000) $11,491 (-9.7%) Shares 1,862,348 (-6.8%) Est. Cost $2.86 Unrealized +145.4%

CCJ CAMECO CORP 3.3%

Value ($000) $18,504 (+5.9%) Shares 202,247 (-3.0%) Est. Cost $23.26 Unrealized +286.7%

LEU CENTRUS ENERGY CORP 0.1%

Value ($000) $293 (-67.4%) Shares 1,209 (-58.4%) Est. Cost $32.45 Unrealized +830.6%

HL HECLA MNG CO 0.2%

Value ($000) $1,069 (+54.9%) Shares 55,710 (-2.3%) Est. Cost $8.03 Unrealized +90.3%

CDRE CADRE HLDGS INC 0.5%

Value ($000) $3,015 (+9.0%) Shares 73,821 (-2.6%) Est. Cost $25.16 Unrealized +64.7%

BA BOEING CO 0.1%

Value ($000) $347 (-10.2%) Shares 1,596 (-10.7%) Est. Cost $174.94 Unrealized +17.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TMQ	TRILOGY METALS INC NEW	4,679,087 (-61.5%)	$20,167 (-21.1%)	3.6%	$0.93	+407.9%	COM	89621C105
LAC	LITHIUM AMERS CORP NEW	807,391 (-39.7%)	$3,520 (-54.0%)	0.6%	$3.16	+82.7%	COM SHS	53681J103
KW	KENNEDY-WILSON HOLDINGS INC	500,000 (-43.0%)	$4,835 (-33.8%)	0.9%	$13.76	-34.9%	COM	489398107
BG	BUNGE GLOBAL SA	185,400 (-1.3%)	$16,515 (+8.2%)	2.9%	$89.49	+2.6%	COM SHS	H11356104
TMC	TMC THE METALS COMPANY INC	1,862,348 (-6.8%)	$11,491 (-9.7%)	2.1%	$2.86	+145.4%	COM	87261Y106
CCJ	CAMECO CORP	202,247 (-3.0%)	$18,504 (+5.9%)	3.3%	$23.26	+286.7%	COM	13321L108
LEU	CENTRUS ENERGY CORP	1,209 (-58.4%)	$293 (-67.4%)	0.1%	$32.45	+830.6%	CL A	15643U104
HL	HECLA MNG CO	55,710 (-2.3%)	$1,069 (+54.9%)	0.2%	$8.03	+90.3%	COM	422704106
CDRE	CADRE HLDGS INC	73,821 (-2.6%)	$3,015 (+9.0%)	0.5%	$25.16	+64.7%	COM	12763L105
BA	BOEING CO	1,596 (-10.7%)	$347 (-10.2%)	0.1%	$174.94	+17.6%	COM	097023105

Unchanged Positions (24)

HCC WARRIOR MET COAL INC 1.3%

Value ($000) $7,041 Shares 79,862 Est. Cost $54.89 Unrealized +37.0%

ALM ALMONTY INDS INC 0.6%

Value ($000) $3,138 Shares 356,146 Est. Cost $4.80 Unrealized +53.3%

UHAL U HAUL HOLDING COMPANY 1.4%

Value ($000) $7,730 Shares 153,350 Est. Cost $64.50 Unrealized -17.5%

COHR COHERENT CORP 0.3%

Value ($000) $1,846 Shares 10,000 Est. Cost $99.69 Unrealized +50.0%

AMAT APPLIED MATLS INC 0.4%

Value ($000) $2,364 Shares 9,200 Est. Cost $180.78 Unrealized +32.5%

PBF PBF ENERGY INC 0.7%

Value ($000) $3,816 Shares 140,690 Est. Cost $26.14 Unrealized +22.5%

CAT CATERPILLAR INC 0.5%

Value ($000) $2,554 Shares 4,458 Est. Cost $351.95 Unrealized +57.8%

MP MP MATERIALS CORP 0.2%

Value ($000) $1,192 Shares 23,589 Est. Cost $23.24 Unrealized +172.9%

MUR MURPHY OIL CORP 0.6%

Value ($000) $3,125 Shares 100,000 Est. Cost $26.67 Unrealized +11.0%

EWBC EAST WEST BANCORP INC 1.0%

Value ($000) $5,372 Shares 47,795 Est. Cost $92.77 Unrealized +13.4%

BAC BANK AMERICA CORP 0.7%

Value ($000) $3,923 Shares 71,334 Est. Cost $40.98 Unrealized +28.5%

TMO THERMO FISHER SCIENTIFIC INC 0.2%

Value ($000) $1,263 Shares 2,180 Est. Cost $464.78 Unrealized +21.6%

AAPL APPLE INC 0.6%

Value ($000) $3,489 Shares 12,835 Est. Cost $93.78 Unrealized +186.2%

GNE GENIE ENERGY LTD 0.4%

Value ($000) $2,213 Shares 160,600 Est. Cost $6.16 Unrealized +138.9%

GOOG ALPHABET INC 0.1%

Value ($000) $441 Shares 1,405 Est. Cost $143.27 Unrealized +99.9%

GOOGL ALPHABET INC 0.1%

Value ($000) $438 Shares 1,400 Est. Cost $141.98 Unrealized +101.2%

RIG TRANSOCEAN LTD 0.1%

Value ($000) $392 Shares 95,000 Est. Cost $3.02 Unrealized +28.7%

WFC WELLS FARGO CO NEW 0.1%

Value ($000) $749 Shares 8,037 Est. Cost $73.70 Unrealized +17.5%

NOC NORTHROP GRUMMAN CORP 0.2%

Value ($000) $1,015 Shares 1,780 Est. Cost $563.27 Unrealized +2.8%

GLD SPDR GOLD TR 0.1%

Value ($000) $396 Shares 1,000 Est. Cost $205.72 Unrealized —

F FORD MTR CO 0.1%

Value ($000) $297 Shares 22,660 Est. Cost $8.68 Unrealized +47.8%

RTX RTX CORPORATION 0.1%

Value ($000) $286 Shares 1,559 Est. Cost $124.76 Unrealized +38.9%

LOW LOWES COS INC 0.1%

Value ($000) $322 Shares 1,334 Est. Cost $139.87 Unrealized +71.5%

WM WASTE MGMT INC DEL 0.1%

Value ($000) $429 Shares 1,952 Est. Cost $218.39 Unrealized -2.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HCC	WARRIOR MET COAL INC	79,862	$7,041	1.3%	$54.89	+37.0%	COM	93627C101
ALM	ALMONTY INDS INC	356,146	$3,138	0.6%	$4.80	+53.3%	COM NEW	020398707
UHAL	U HAUL HOLDING COMPANY	153,350	$7,730	1.4%	$64.50	-17.5%	COM	023586100
COHR	COHERENT CORP	10,000	$1,846	0.3%	$99.69	+50.0%	COM	19247G107
AMAT	APPLIED MATLS INC	9,200	$2,364	0.4%	$180.78	+32.5%	COM	038222105
PBF	PBF ENERGY INC	140,690	$3,816	0.7%	$26.14	+22.5%	CL A	69318G106
CAT	CATERPILLAR INC	4,458	$2,554	0.5%	$351.95	+57.8%	COM	149123101
MP	MP MATERIALS CORP	23,589	$1,192	0.2%	$23.24	+172.9%	COM CL A	553368101
MUR	MURPHY OIL CORP	100,000	$3,125	0.6%	$26.67	+11.0%	COM	626717102
EWBC	EAST WEST BANCORP INC	47,795	$5,372	1.0%	$92.77	+13.4%	COM	27579R104
BAC	BANK AMERICA CORP	71,334	$3,923	0.7%	$40.98	+28.5%	COM	060505104
TMO	THERMO FISHER SCIENTIFIC INC	2,180	$1,263	0.2%	$464.78	+21.6%	COM	883556102
AAPL	APPLE INC	12,835	$3,489	0.6%	$93.78	+186.2%	COM	037833100
GNE	GENIE ENERGY LTD	160,600	$2,213	0.4%	$6.16	+138.9%	CL B	372284208
GOOG	ALPHABET INC	1,405	$441	0.1%	$143.27	+99.9%	CAP STK CL C	02079K107
GOOGL	ALPHABET INC	1,400	$438	0.1%	$141.98	+101.2%	CAP STK CL A	02079K305
RIG	TRANSOCEAN LTD	95,000	$392	0.1%	$3.02	+28.7%	REGISTERED SHS	H8817H100
WFC	WELLS FARGO CO NEW	8,037	$749	0.1%	$73.70	+17.5%	COM	949746101
NOC	NORTHROP GRUMMAN CORP	1,780	$1,015	0.2%	$563.27	+2.8%	COM	666807102
GLD	SPDR GOLD TR	1,000	$396	0.1%	$205.72	—	GOLD SHS	78463V107
F	FORD MTR CO	22,660	$297	0.1%	$8.68	+47.8%	COM	345370860
RTX	RTX CORPORATION	1,559	$286	0.1%	$124.76	+38.9%	COM	75513E101
LOW	LOWES COS INC	1,334	$322	0.1%	$139.87	+71.5%	COM	548661107
WM	WASTE MGMT INC DEL	1,952	$429	0.1%	$218.39	-2.7%	COM	94106L109