SOUTHPORT MANAGEMENT, L.L.C. Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HON	HONEYWELL INTL INC	14,060	$2,743	9.6%	$195.03	0.0%	COM	438516106
SDS	PROSHARES TR	20,000	$1,370	4.8%	$68.49	—	ULTRASHRT S&P500	74350P667
UPS	UNITED PARCEL SERVICE INC	7,500	$744	2.6%	$92.75	0.0%	CL B	911312106
SOLS	SOLSTICE ADVANCED MATLS INC	12,900	$627	2.2%	$47.08	0.0%	COM SHS	83443Q103
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	10,000	$523	1.8%	$46.76	0.0%	CL A	499049104
ODFL	OLD DOMINION FREIGHT LINE IN	1,700	$267	0.9%	$143.18	0.0%	COM	679580100
SAIA	SAIA INC	800	$261	0.9%	$302.29	0.0%	COM	78709Y105

Increased Positions (5)

EQT EQT CORP 4.7%

Value ($000) $1,340 (+64.1%) Shares 25,000 (+66.7%) Est. Cost $54.02 Unrealized +3.9%

AMLP ALPS ETF TR 6.6%

Value ($000) $1,904 (+33.0%) Shares 40,500 (+32.8%) Est. Cost $43.53 Unrealized —

QID PROSHARES TR 4.2%

Value ($000) $1,192 (+62.8%) Shares 59,000 (+73.5%) Est. Cost $27.54 Unrealized —

ASPI ASP ISOTOPES INC 1.6%

Value ($000) $455 (+57.6%) Shares 85,000 (+183.3%) Est. Cost $8.40 Unrealized -5.3%

IMRX IMMUNEERING CORP 6.4%

Value ($000) $1,826 (-4.3%) Shares 277,501 (+1.8%) Est. Cost $3.63 Unrealized +77.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EQT	EQT CORP	25,000 (+66.7%)	$1,340 (+64.1%)	4.7%	$54.02	+3.9%	COM	26884L109
AMLP	ALPS ETF TR	40,500 (+32.8%)	$1,904 (+33.0%)	6.6%	$43.53	—	ALERIAN MLP	00162Q452
QID	PROSHARES TR	59,000 (+73.5%)	$1,192 (+62.8%)	4.2%	$27.54	—	ULTRASHORT QQQ	74349Y829
ASPI	ASP ISOTOPES INC	85,000 (+183.3%)	$455 (+57.6%)	1.6%	$8.40	-5.3%	COM	00218A105
IMRX	IMMUNEERING CORP	277,501 (+1.8%)	$1,826 (-4.3%)	6.4%	$3.63	+77.1%	CLASS A COM	45254E107

Exited Positions (5)

— PROSHARES TR 3.3%

Value ($000) $939 Shares 65,000 Est. Cost $23.16 Unrealized —

GDX VANECK ETF TRUST 3.2%

Value ($000) $917 Shares 12,000 Est. Cost $52.06 Unrealized —

EMXC ISHARES INC 2.4%

Value ($000) $675 Shares 10,000 Est. Cost $64.23 Unrealized —

QXO QXO INC 1.8%

Value ($000) $524 Shares 27,500 Est. Cost $17.20 Unrealized +11.4%

NBIS NEBIUS GROUP N.V. 0.6%

Value ($000) $168 Shares 1,500 Est. Cost $69.43 Unrealized +49.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	PROSHARES TR	65,000	$939	3.3%	$23.16	—	—	74347G416
GDX	VANECK ETF TRUST	12,000	$917	3.2%	$52.06	—	—	92189F106
EMXC	ISHARES INC	10,000	$675	2.4%	$64.23	—	—	46434G764
QXO	QXO INC	27,500	$524	1.8%	$17.20	+11.4%	—	82846H405
NBIS	NEBIUS GROUP N.V.	1,500	$168	0.6%	$69.43	+49.3%	—	N97284108

Decreased Positions (3)

LNG CHENIERE ENERGY INC 5.4%

Value ($000) $1,536 (-31.2%) Shares 7,900 (-16.8%) Est. Cost $56.58 Unrealized +271.1%

BBIO BRIDGEBIO PHARMA INC 2.0%

Value ($000) $574 (+10.4%) Shares 7,500 (-25.0%) Est. Cost $15.05 Unrealized +336.3%

CCJ CAMECO CORP 8.8%

Value ($000) $2,516 (+0.0%) Shares 27,500 (-8.3%) Est. Cost $34.18 Unrealized +163.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LNG	CHENIERE ENERGY INC	7,900 (-16.8%)	$1,536 (-31.2%)	5.4%	$56.58	+271.1%	COM NEW	16411R208
BBIO	BRIDGEBIO PHARMA INC	7,500 (-25.0%)	$574 (+10.4%)	2.0%	$15.05	+336.3%	COM	10806X102
CCJ	CAMECO CORP	27,500 (-8.3%)	$2,516 (+0.0%)	8.8%	$34.18	+163.1%	COM	13321L108

Unchanged Positions (14)

EU ENCORE ENERGY CORP 1.9%

Value ($000) $558 Shares 225,000 Est. Cost $3.35 Unrealized -14.7%

NVGS NAVIGATOR HLDGS LTD 4.1%

Value ($000) $1,169 Shares 67,500 Est. Cost $9.24 Unrealized +80.5%

SLB SLB LIMITED 3.3%

Value ($000) $960 Shares 25,000 Est. Cost $39.74 Unrealized -9.3%

XOM EXXON MOBIL CORP 4.2%

Value ($000) $1,203 Shares 10,000 Est. Cost $103.81 Unrealized +11.3%

EME EMCOR GROUP INC 3.2%

Value ($000) $918 Shares 1,500 Est. Cost $62.49 Unrealized +936.2%

DHC DIVERSIFIED HEALTHCARE TR 1.9%

Value ($000) $534 Shares 110,000 Est. Cost $2.28 Unrealized —

MMM 3M CO 4.5%

Value ($000) $1,281 Shares 8,000 Est. Cost $103.85 Unrealized +57.1%

EXE EXPAND ENERGY CORPORATION 3.3%

Value ($000) $957 Shares 8,670 Est. Cost $89.24 Unrealized +24.0%

DVN DEVON ENERGY CORP NEW 2.2%

Value ($000) $634 Shares 17,320 Est. Cost $26.15 Unrealized +32.8%

SKBL SKYLINE BLDRS GROUP HLDG LTD 0.4%

Value ($000) $112 Shares 38,200 Est. Cost $1.95 Unrealized +53.4%

DNN DENISON MINES CORP 1.4%

Value ($000) $402 Shares 151,000 Est. Cost $1.63 Unrealized +66.7%

MDT MEDTRONIC PLC 3.4%

Value ($000) $961 Shares 10,000 Est. Cost $91.27 Unrealized +6.4%

CQP CHENIERE ENERGY PARTNERS LP 3.6%

Value ($000) $1,038 Shares 19,409 Est. Cost $6762.39 Unrealized —

DSX DIANA SHIPPING INC 0.2%

Value ($000) $43 Shares 26,116 Est. Cost $1.70 Unrealized +2.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EU	ENCORE ENERGY CORP	225,000	$558	1.9%	$3.35	-14.7%	COM NEW	29259W700
NVGS	NAVIGATOR HLDGS LTD	67,500	$1,169	4.1%	$9.24	+80.5%	SHS	Y62132108
SLB	SLB LIMITED	25,000	$960	3.3%	$39.74	-9.3%	COM STK	806857108
XOM	EXXON MOBIL CORP	10,000	$1,203	4.2%	$103.81	+11.3%	COM	30231G102
EME	EMCOR GROUP INC	1,500	$918	3.2%	$62.49	+936.2%	COM	29084Q100
DHC	DIVERSIFIED HEALTHCARE TR	110,000	$534	1.9%	$2.28	—	COM SH BEN INT	25525P107
MMM	3M CO	8,000	$1,281	4.5%	$103.85	+57.1%	COM	88579Y101
EXE	EXPAND ENERGY CORPORATION	8,670	$957	3.3%	$89.24	+24.0%	COM	165167735
DVN	DEVON ENERGY CORP NEW	17,320	$634	2.2%	$26.15	+32.8%	COM	25179M103
SKBL	SKYLINE BLDRS GROUP HLDG LTD	38,200	$112	0.4%	$1.95	+53.4%	SHS CL A	G8193D104
DNN	DENISON MINES CORP	151,000	$402	1.4%	$1.63	+66.7%	COM	248356107
MDT	MEDTRONIC PLC	10,000	$961	3.4%	$91.27	+6.4%	SHS	G5960L103
CQP	CHENIERE ENERGY PARTNERS LP	19,409	$1,038	3.6%	$6762.39	—	COM UNIT	16411Q101
DSX	DIANA SHIPPING INC	26,116	$43	0.2%	$1.70	+2.2%	COM	Y2066G104