Trivest Advisors Ltd Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	612,000	$174,671	8.0%	$229.35	0.0%	COM	595112103
LITE	LUMENTUM HOLDINGS INC	178,000	$65,609	3.0%	$256.82	0.0%	COM	55024U109
MS	MORGAN STANLEY	96,700	$17,167	0.8%	$166.47	0.0%	COM NEW	617446448
DIS	WALT DISNEY CO/THE	122,500	$13,937	0.6%	$109.53	0.0%	COM	254687106
AMAT	APPLIED MATERIALS INC	48,000	$12,336	0.6%	$239.49	0.0%	COM	038222105
KKR	KKR & CO INC	78,000	$9,943	0.5%	$124.29	0.0%	COM	48251W104
INTC	INTEL CORP	202,700	$7,480	0.3%	$37.76	0.0%	COM	458140100
BX	BLACKSTONE INC	45,400	$6,998	0.3%	$151.46	0.0%	COM	09260D107
SATS	ECHOSTAR CORP-A	63,800	$6,935	0.3%	$81.43	0.0%	CL A	278768106
HUT	HUT 8 CORP	102,400	$4,704	0.2%	$44.08	0.0%	COM	44812J104
WULF	TERAWULF INC	401,875	$4,618	0.2%	$13.40	0.0%	COM	88080T104
TSLA	TESLA MOTORS INC	10,000	$4,497	0.2%	$443.29	0.0%	COM	88160R101

Increased Positions (5)

LRCX LAM RESEARCH CORP 5.9%

Value ($000) $128,385 (+1178.4%) Shares 750,000 (+900.0%) Est. Cost $150.38 Unrealized +3.3%

SNDK SANDISK CORP 5.2%

Value ($000) $114,567 (+526.1%) Shares 482,630 (+195.9%) Est. Cost $152.34 Unrealized +31.5%

GOOGL ALPHABET INC-CL A 13.1%

Value ($000) $286,614 (+38.4%) Shares 915,700 (+7.5%) Est. Cost $214.51 Unrealized +33.1%

AVGO BROADCOM INC 11.5%

Value ($000) $252,653 (+33.8%) Shares 730,000 (+27.5%) Est. Cost $247.28 Unrealized +44.4%

FUTU FUTU HOLDINGS LTD-ADR 4.0%

Value ($000) $88,673 (-3.2%) Shares 540,000 (+2.5%) Est. Cost $131.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LRCX	LAM RESEARCH CORP	750,000 (+900.0%)	$128,385 (+1178.4%)	5.9%	$150.38	+3.3%	COM NEW	512807306
SNDK	SANDISK CORP	482,630 (+195.9%)	$114,567 (+526.1%)	5.2%	$152.34	+31.5%	COM	80004C200
GOOGL	ALPHABET INC-CL A	915,700 (+7.5%)	$286,614 (+38.4%)	13.1%	$214.51	+33.1%	CAP STK CL A	02079K305
AVGO	BROADCOM INC	730,000 (+27.5%)	$252,653 (+33.8%)	11.5%	$247.28	+44.4%	COM	11135F101
FUTU	FUTU HOLDINGS LTD-ADR	540,000 (+2.5%)	$88,673 (-3.2%)	4.0%	$131.27	—	SPON ADS CL A	36118L106

Exited Positions (14)

ORCL ORACLE CORP 6.8%

Value ($000) $149,215 Shares 530,562 Est. Cost $160.85 Unrealized +48.0%

SE SEA LTD-ADR 5.1%

Value ($000) $111,885 Shares 626,000 Est. Cost $112.29 Unrealized —

HOOD ROBINHOOD MARKETS INC - A 5.0%

Value ($000) $108,817 Shares 760,000 Est. Cost $59.18 Unrealized +119.7%

APP APPLOVIN CORP-CLASS A 3.2%

Value ($000) $70,417 Shares 98,000 Est. Cost $324.21 Unrealized +94.4%

DIDIY DIDI GLOBAL INC ADR 3.1%

Value ($000) $66,865 Shares 10,750,000 Est. Cost $6.22 Unrealized —

PDD PINDUODUO INC-ADR 3.0%

Value ($000) $64,763 Shares 490,000 Est. Cost $130.16 Unrealized —

AAPL APPLE INC 0.8%

Value ($000) $16,806 Shares 66,000 Est. Cost $225.58 Unrealized +19.0%

NBIS NEBIUS GROUP NV 0.4%

Value ($000) $8,533 Shares 76,000 Est. Cost $34.43 Unrealized +201.0%

CRM SALESFORCE.COM INC 0.3%

Value ($000) $7,110 Shares 30,000 Est. Cost $251.43 Unrealized -1.3%

SNAP SNAP INC - A 0.3%

Value ($000) $6,900 Shares 895,000 Est. Cost $8.30 Unrealized -4.7%

CORZ CORE SCIENTIFIC INC 0.3%

Value ($000) $6,557 Shares 365,500 Est. Cost $14.67 Unrealized +18.9%

PANW PALO ALTO NETWORKS INC 0.3%

Value ($000) $6,353 Shares 31,200 Est. Cost $191.42 Unrealized +5.4%

NFLX NETFLIX INC 0.3%

Value ($000) $6,234 Shares 5,200 Est. Cost $113.07 Unrealized -4.6%

SHOP SHOPIFY INC - CLASS A 0.1%

Value ($000) $3,121 Shares 21,000 Est. Cost $135.57 Unrealized +18.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	530,562	$149,215	6.8%	$160.85	+48.0%	—	68389X105
SE	SEA LTD-ADR	626,000	$111,885	5.1%	$112.29	—	—	81141R100
HOOD	ROBINHOOD MARKETS INC - A	760,000	$108,817	5.0%	$59.18	+119.7%	—	770700102
APP	APPLOVIN CORP-CLASS A	98,000	$70,417	3.2%	$324.21	+94.4%	—	03831W108
DIDIY	DIDI GLOBAL INC ADR	10,750,000	$66,865	3.1%	$6.22	—	—	23292E108
PDD	PINDUODUO INC-ADR	490,000	$64,763	3.0%	$130.16	—	—	722304102
AAPL	APPLE INC	66,000	$16,806	0.8%	$225.58	+19.0%	—	037833100
NBIS	NEBIUS GROUP NV	76,000	$8,533	0.4%	$34.43	+201.0%	—	N97284108
CRM	SALESFORCE.COM INC	30,000	$7,110	0.3%	$251.43	-1.3%	—	79466L302
SNAP	SNAP INC - A	895,000	$6,900	0.3%	$8.30	-4.7%	—	83304A106
CORZ	CORE SCIENTIFIC INC	365,500	$6,557	0.3%	$14.67	+18.9%	—	21874A106
PANW	PALO ALTO NETWORKS INC	31,200	$6,353	0.3%	$191.42	+5.4%	—	697435105
NFLX	NETFLIX INC	5,200	$6,234	0.3%	$113.07	-4.6%	—	64110L106
SHOP	SHOPIFY INC - CLASS A	21,000	$3,121	0.1%	$135.57	+18.4%	—	82509L107

Decreased Positions (13)

BABA ALIBABA GROUP HOLDING-SP ADR 0.2%

Value ($000) $3,577 (-98.2%) Shares 24,400 (-97.8%) Est. Cost $178.73 Unrealized —

BE BLOOM ENERGY CORP- A 4.5%

Value ($000) $97,751 (-66.2%) Shares 1,125,000 (-67.1%) Est. Cost $44.59 Unrealized +135.6%

NVDA NVIDIA CORP 11.6%

Value ($000) $253,640 (-41.9%) Shares 1,360,000 (-41.9%) Est. Cost $144.30 Unrealized +29.0%

META META PLATFORMS INC 0.3%

Value ($000) $6,601 (-95.6%) Shares 10,000 (-95.1%) Est. Cost $464.12 Unrealized +43.8%

STX SEAGATE TECHNOLOGY HOLDINGS 4.1%

Value ($000) $89,226 (-47.6%) Shares 324,000 (-55.1%) Est. Cost $169.71 Unrealized +52.6%

AMZN AMAZON.COM INC 4.1%

Value ($000) $88,866 (-46.1%) Shares 385,000 (-48.8%) Est. Cost $190.27 Unrealized +20.2%

MSFT MICROSOFT CORP 8.4%

Value ($000) $184,743 (-27.3%) Shares 382,000 (-22.2%) Est. Cost $500.93 Unrealized -0.1%

TCOM TRIP.COM GROUP LTD-ADR 1.7%

Value ($000) $36,458 (-55.9%) Shares 507,000 (-53.9%) Est. Cost $47.58 Unrealized —

WDC WESTERN DIGITAL CORP 6.9%

Value ($000) $150,736 (+36.5%) Shares 875,000 (-4.9%) Est. Cost $75.54 Unrealized +100.6%

CRWV COREWEAVE INC-CL A 0.0%

Value ($000) $716 (-96.2%) Shares 10,000 (-92.8%) Est. Cost $118.31 Unrealized -14.3%

GOOG ALPHABET INC-CL C 3.2%

Value ($000) $69,036 (-18.8%) Shares 220,000 (-36.9%) Est. Cost $164.85 Unrealized +73.7%

ZEPP ZEPP HEALTH CORP-ADR 0.2%

Value ($000) $4,389 (-67.5%) Shares 162,904 (-44.8%) Est. Cost $45.78 Unrealized —

VXX IPATH SERIES B S&P 500 VIX HEDGEFUND 0.2%

Value ($000) $5,302 (-25.0%) Shares 200,300 (-6.1%) Est. Cost $36.38 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BABA	ALIBABA GROUP HOLDING-SP ADR	24,400 (-97.8%)	$3,577 (-98.2%)	0.2%	$178.73	—	SPONSORED ADS	01609W102
BE	BLOOM ENERGY CORP- A	1,125,000 (-67.1%)	$97,751 (-66.2%)	4.5%	$44.59	+135.6%	COM CL A	093712107
NVDA	NVIDIA CORP	1,360,000 (-41.9%)	$253,640 (-41.9%)	11.6%	$144.30	+29.0%	COM	67066G104
META	META PLATFORMS INC	10,000 (-95.1%)	$6,601 (-95.6%)	0.3%	$464.12	+43.8%	CL A	30303M102
STX	SEAGATE TECHNOLOGY HOLDINGS	324,000 (-55.1%)	$89,226 (-47.6%)	4.1%	$169.71	+52.6%	ORD SHS	G7997R103
AMZN	AMAZON.COM INC	385,000 (-48.8%)	$88,866 (-46.1%)	4.1%	$190.27	+20.2%	COM	023135106
MSFT	MICROSOFT CORP	382,000 (-22.2%)	$184,743 (-27.3%)	8.4%	$500.93	-0.1%	COM	594918104
TCOM	TRIP.COM GROUP LTD-ADR	507,000 (-53.9%)	$36,458 (-55.9%)	1.7%	$47.58	—	ADS	89677Q107
WDC	WESTERN DIGITAL CORP	875,000 (-4.9%)	$150,736 (+36.5%)	6.9%	$75.54	+100.6%	COM	958102105
CRWV	COREWEAVE INC-CL A	10,000 (-92.8%)	$716 (-96.2%)	0.0%	$118.31	-14.3%	COM CL A	21873S108
GOOG	ALPHABET INC-CL C	220,000 (-36.9%)	$69,036 (-18.8%)	3.2%	$164.85	+73.7%	CAP STK CL C	02079K107
ZEPP	ZEPP HEALTH CORP-ADR	162,904 (-44.8%)	$4,389 (-67.5%)	0.2%	$45.78	—	SPONSORED ADR	98945L204
VXX	IPATH SERIES B S&P 500 VIX HEDGEFUND	200,300 (-6.1%)	$5,302 (-25.0%)	0.2%	$36.38	—	IPATH S&P 500 SH	06748M196