DC Investments Management, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VT	VANGUARD INTL EQUITY INDEX F	832,746 (+7.8%)	$117,467 (+10.4%)	52.0%	$125.35	—	TT WRLD ST ETF	922042742
MELI	MERCADOLIBRE INC	2,342 (+68.2%)	$4,717 (+45.0%)	2.1%	$2031.80	+3.4%	COM	58733R102
GPOR	GULFPORT ENERGY CORP	24,458 (+4.4%)	$5,087 (+20.0%)	2.2%	$168.70	+18.2%	COMMON SHARES	402635502
CNX	CNX RES CORP	71,695 (+8.3%)	$2,636 (+23.9%)	1.2%	$30.56	+17.2%	COM	12653C108
CTRA	COTERRA ENERGY INC	102,882 (+8.6%)	$2,708 (+20.8%)	1.2%	$20.48	+22.6%	COM	127097103
PR	PERMIAN RESOURCES CORP	185,758 (+8.6%)	$2,606 (+19.1%)	1.2%	$14.25	-5.7%	CLASS A COM	71424F105
EXE	EXPAND ENERGY CORPORATION	45,663 (+4.3%)	$5,039 (+8.4%)	2.2%	$90.05	+22.9%	COM	165167735
DVN	DEVON ENERGY CORP NEW	80,637 (+7.7%)	$2,954 (+12.5%)	1.3%	$34.60	+0.4%	COM	25179M103
AR	ANTERO RESOURCES CORP	128,841 (+4.9%)	$4,440 (+7.7%)	2.0%	$34.05	-0.6%	COM	03674X106
EQT	EQT CORP	98,100 (+4.0%)	$5,258 (+2.4%)	2.3%	$38.00	+47.7%	COM	26884L109
RRC	RANGE RES CORP	74,364 (+8.6%)	$2,622 (+1.8%)	1.2%	$38.37	-2.9%	COM	75281A109

Exited Positions (47)

LSPD LIGHTSPEED COMMERCE INC 1.6%

Value ($000) $3,639 Shares 315,079 Est. Cost $18.84 Unrealized —

KOP KOPPERS HOLDINGS INC 1.0%

Value ($000) $2,257 Shares 80,591 Est. Cost $33.21 Unrealized -15.9%

MTDR MATADOR RES CO 0.9%

Value ($000) $1,964 Shares 43,721 Est. Cost $55.26 Unrealized -24.0%

TBLA TABOOLA.COM LTD 0.8%

Value ($000) $1,822 Shares 534,445 Est. Cost $6.49 Unrealized -42.0%

JELD JELD-WEN HLDG INC 0.6%

Value ($000) $1,264 Shares 257,437 Est. Cost $13.39 Unrealized -75.5%

CMCO COLUMBUS MCKINNON CORP N Y 0.5%

Value ($000) $1,186 Shares 82,712 Est. Cost $27.78 Unrealized -42.6%

VRNS VARONIS SYS INC 0.4%

Value ($000) $802 Shares 13,958 Est. Cost $43.01 Unrealized -2.4%

CVLT COMMVAULT SYS INC 0.3%

Value ($000) $735 Shares 3,893 Est. Cost $164.53 Unrealized -14.5%

HZO MARINEMAX INC 0.3%

Value ($000) $676 Shares 26,700 Est. Cost $30.13 Unrealized -18.1%

NTNX NUTANIX INC 0.3%

Value ($000) $580 Shares 7,794 Est. Cost $69.19 Unrealized -11.7%

MITK MITEK SYS INC 0.3%

Value ($000) $569 Shares 58,248 Est. Cost $9.73 Unrealized -2.9%

FTNT FORTINET INC 0.2%

Value ($000) $537 Shares 6,391 Est. Cost $101.38 Unrealized -18.2%

PTC PTC INC 0.2%

Value ($000) $535 Shares 2,636 Est. Cost $171.97 Unrealized +8.1%

BOX BOX INC 0.2%

Value ($000) $505 Shares 15,664 Est. Cost $30.89 Unrealized +1.5%

DBX DROPBOX INC 0.2%

Value ($000) $497 Shares 16,446 Est. Cost $22.19 Unrealized +31.2%

S SENTINELONE INC 0.2%

Value ($000) $484 Shares 27,473 Est. Cost $18.78 Unrealized -12.8%

— AVIDXCHANGE HOLDINGS INC 0.2%

Value ($000) $480 Shares 48,202 Est. Cost $8.48 Unrealized —

TOST TOAST INC 0.2%

Value ($000) $471 Shares 12,902 Est. Cost $37.44 Unrealized -3.7%

TENB TENABLE HLDGS INC 0.2%

Value ($000) $455 Shares 15,595 Est. Cost $39.15 Unrealized -30.2%

CXM SPRINKLR INC 0.2%

Value ($000) $450 Shares 58,281 Est. Cost $8.75 Unrealized -13.1%

AVPT AVEPOINT INC 0.2%

Value ($000) $448 Shares 29,817 Est. Cost $16.80 Unrealized -17.8%

BL BLACKLINE INC 0.2%

Value ($000) $444 Shares 8,353 Est. Cost $52.05 Unrealized +5.8%

NABL N-ABLE INC 0.2%

Value ($000) $409 Shares 52,395 Est. Cost $8.90 Unrealized -14.2%

CWAN CLEARWATER ANALYTICS HLDGS I 0.2%

Value ($000) $409 Shares 22,672 Est. Cost $23.01 Unrealized -12.9%

ADBE ADOBE INC 0.2%

Value ($000) $401 Shares 1,138 Est. Cost $384.13 Unrealized -11.5%

RNG RINGCENTRAL INC 0.2%

Value ($000) $399 Shares 14,066 Est. Cost $34.54 Unrealized -17.6%

WIX WIX COM LTD 0.2%

Value ($000) $396 Shares 2,231 Est. Cost $207.73 Unrealized -41.8%

NCNO NCINO INC 0.2%

Value ($000) $395 Shares 14,562 Est. Cost $27.47 Unrealized -7.6%

AKAM AKAMAI TECHNOLOGIES INC 0.2%

Value ($000) $394 Shares 5,199 Est. Cost $89.72 Unrealized -8.3%

CMRC COMMERCE.COM INC 0.2%

Value ($000) $394 Shares 78,933 Est. Cost $6.35 Unrealized -27.5%

XYZ BLOCK INC 0.2%

Value ($000) $393 Shares 5,438 Est. Cost $74.64 Unrealized -7.6%

WK WORKIVA INC 0.2%

Value ($000) $384 Shares 4,456 Est. Cost $77.50 Unrealized +14.2%

PCTY PAYLOCITY HLDG CORP 0.2%

Value ($000) $370 Shares 2,326 Est. Cost $199.78 Unrealized -25.5%

GTLB GITLAB INC 0.2%

Value ($000) $358 Shares 7,935 Est. Cost $45.15 Unrealized -4.1%

CRM SALESFORCE INC 0.2%

Value ($000) $353 Shares 1,491 Est. Cost $171.65 Unrealized +44.6%

EVH EVOLENT HEALTH INC 0.2%

Value ($000) $343 Shares 40,600 Est. Cost $10.10 Unrealized -45.0%

INTA INTAPP INC 0.1%

Value ($000) $320 Shares 7,832 Est. Cost $65.92 Unrealized -37.1%

TEAM ATLASSIAN CORPORATION 0.1%

Value ($000) $312 Shares 1,953 Est. Cost $173.09 Unrealized -9.3%

BRZE BRAZE INC 0.1%

Value ($000) $305 Shares 10,740 Est. Cost $33.29 Unrealized -11.0%

DV DOUBLEVERIFY HLDGS INC 0.1%

Value ($000) $301 Shares 25,093 Est. Cost $18.52 Unrealized -40.4%

RPD RAPID7 INC 0.1%

Value ($000) $293 Shares 15,624 Est. Cost $37.76 Unrealized -56.4%

TBI TRUEBLUE INC 0.1%

Value ($000) $284 Shares 46,333 Est. Cost $16.19 Unrealized -68.3%

SPSC SPS COMM INC 0.1%

Value ($000) $279 Shares 2,675 Est. Cost $157.21 Unrealized -41.0%

SLP SIMULATIONS PLUS INC 0.1%

Value ($000) $244 Shares 16,203 Est. Cost $30.30 Unrealized -42.1%

WEAV WEAVE COMMUNICATIONS INC 0.1%

Value ($000) $208 Shares 31,090 Est. Cost $14.35 Unrealized -53.7%

TEAD TEADS HLDG CO 0.1%

Value ($000) $206 Shares 124,709 Est. Cost $12.09 Unrealized -91.2%

SPT SPROUT SOCIAL INC 0.1%

Value ($000) $198 Shares 15,339 Est. Cost $29.06 Unrealized -62.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LSPD	LIGHTSPEED COMMERCE INC	315,079	$3,639	1.6%	$18.84	—	—	53229C107
KOP	KOPPERS HOLDINGS INC	80,591	$2,257	1.0%	$33.21	-15.9%	—	50060P106
MTDR	MATADOR RES CO	43,721	$1,964	0.9%	$55.26	-24.0%	—	576485205
TBLA	TABOOLA.COM LTD	534,445	$1,822	0.8%	$6.49	-42.0%	—	M8744T106
JELD	JELD-WEN HLDG INC	257,437	$1,264	0.6%	$13.39	-75.5%	—	47580P103
CMCO	COLUMBUS MCKINNON CORP N Y	82,712	$1,186	0.5%	$27.78	-42.6%	—	199333105
VRNS	VARONIS SYS INC	13,958	$802	0.4%	$43.01	-2.4%	—	922280102
CVLT	COMMVAULT SYS INC	3,893	$735	0.3%	$164.53	-14.5%	—	204166102
HZO	MARINEMAX INC	26,700	$676	0.3%	$30.13	-18.1%	—	567908108
NTNX	NUTANIX INC	7,794	$580	0.3%	$69.19	-11.7%	—	67059N108
MITK	MITEK SYS INC	58,248	$569	0.3%	$9.73	-2.9%	—	606710200
FTNT	FORTINET INC	6,391	$537	0.2%	$101.38	-18.2%	—	34959E109
PTC	PTC INC	2,636	$535	0.2%	$171.97	+8.1%	—	69370C100
BOX	BOX INC	15,664	$505	0.2%	$30.89	+1.5%	—	10316T104
DBX	DROPBOX INC	16,446	$497	0.2%	$22.19	+31.2%	—	26210C104
S	SENTINELONE INC	27,473	$484	0.2%	$18.78	-12.8%	—	81730H109
—	AVIDXCHANGE HOLDINGS INC	48,202	$480	0.2%	$8.48	—	—	05368X102
TOST	TOAST INC	12,902	$471	0.2%	$37.44	-3.7%	—	888787108
TENB	TENABLE HLDGS INC	15,595	$455	0.2%	$39.15	-30.2%	—	88025T102
CXM	SPRINKLR INC	58,281	$450	0.2%	$8.75	-13.1%	—	85208T107
AVPT	AVEPOINT INC	29,817	$448	0.2%	$16.80	-17.8%	—	053604104
BL	BLACKLINE INC	8,353	$444	0.2%	$52.05	+5.8%	—	09239B109
NABL	N-ABLE INC	52,395	$409	0.2%	$8.90	-14.2%	—	62878D100
CWAN	CLEARWATER ANALYTICS HLDGS I	22,672	$409	0.2%	$23.01	-12.9%	—	185123106
ADBE	ADOBE INC	1,138	$401	0.2%	$384.13	-11.5%	—	00724F101
RNG	RINGCENTRAL INC	14,066	$399	0.2%	$34.54	-17.6%	—	76680R206
WIX	WIX COM LTD	2,231	$396	0.2%	$207.73	-41.8%	—	M98068105
NCNO	NCINO INC	14,562	$395	0.2%	$27.47	-7.6%	—	63947X101
AKAM	AKAMAI TECHNOLOGIES INC	5,199	$394	0.2%	$89.72	-8.3%	—	00971T101
CMRC	COMMERCE.COM INC	78,933	$394	0.2%	$6.35	-27.5%	—	08975P108
XYZ	BLOCK INC	5,438	$393	0.2%	$74.64	-7.6%	—	852234103
WK	WORKIVA INC	4,456	$384	0.2%	$77.50	+14.2%	—	98139A105
PCTY	PAYLOCITY HLDG CORP	2,326	$370	0.2%	$199.78	-25.5%	—	70438V106
GTLB	GITLAB INC	7,935	$358	0.2%	$45.15	-4.1%	—	37637K108
CRM	SALESFORCE INC	1,491	$353	0.2%	$171.65	+44.6%	—	79466L302
EVH	EVOLENT HEALTH INC	40,600	$343	0.2%	$10.10	-45.0%	—	30050B101
INTA	INTAPP INC	7,832	$320	0.1%	$65.92	-37.1%	—	45827U109
TEAM	ATLASSIAN CORPORATION	1,953	$312	0.1%	$173.09	-9.3%	—	049468101
BRZE	BRAZE INC	10,740	$305	0.1%	$33.29	-11.0%	—	10576N102
DV	DOUBLEVERIFY HLDGS INC	25,093	$301	0.1%	$18.52	-40.4%	—	25862V105
RPD	RAPID7 INC	15,624	$293	0.1%	$37.76	-56.4%	—	753422104
TBI	TRUEBLUE INC	46,333	$284	0.1%	$16.19	-68.3%	—	89785X101
SPSC	SPS COMM INC	2,675	$279	0.1%	$157.21	-41.0%	—	78463M107
SLP	SIMULATIONS PLUS INC	16,203	$244	0.1%	$30.30	-42.1%	—	829214105
WEAV	WEAVE COMMUNICATIONS INC	31,090	$208	0.1%	$14.35	-53.7%	—	94724R108
TEAD	TEADS HLDG CO	124,709	$206	0.1%	$12.09	-91.2%	—	69002R103
SPT	SPROUT SOCIAL INC	15,339	$198	0.1%	$29.06	-62.8%	—	85209W109

Unchanged Positions (37)

GOGO GOGO INC 0.8%

Value ($000) $1,795 Shares 385,140 Est. Cost $13.70 Unrealized -46.5%

ASML ASML HOLDING N V 4.2%

Value ($000) $9,402 Shares 8,788 Est. Cost $817.85 Unrealized —

UBER UBER TECHNOLOGIES INC 1.8%

Value ($000) $4,152 Shares 50,817 Est. Cost $93.52 Unrealized -3.7%

PDM PIEDMONT REALTY TRUST INC 2.7%

Value ($000) $6,210 Shares 744,654 Est. Cost $8.47 Unrealized —

AMRZ AMRIZE LTD 1.9%

Value ($000) $4,337 Shares 80,197 Est. Cost $50.88 Unrealized +0.3%

UNH UNITEDHEALTH GROUP INC 2.4%

Value ($000) $5,510 Shares 16,692 Est. Cost $298.94 Unrealized +12.8%

MRNA MODERNA INC 0.9%

Value ($000) $2,024 Shares 68,624 Est. Cost $35.49 Unrealized -23.4%

ZS ZSCALER INC 0.3%

Value ($000) $751 Shares 3,338 Est. Cost $135.86 Unrealized +107.8%

BKH BLACK HILLS CORP 0.9%

Value ($000) $2,076 Shares 29,900 Est. Cost $51.66 Unrealized +28.7%

NWE NORTHWESTERN ENERGY GROUP IN 0.9%

Value ($000) $2,128 Shares 32,976 Est. Cost $46.60 Unrealized +34.8%

DOCN DIGITALOCEAN HLDGS INC 0.3%

Value ($000) $669 Shares 13,910 Est. Cost $31.95 Unrealized +37.8%

TWLO TWILIO INC 0.3%

Value ($000) $629 Shares 4,425 Est. Cost $118.50 Unrealized +4.5%

POR PORTLAND GEN ELEC CO 0.9%

Value ($000) $1,956 Shares 40,750 Est. Cost $39.62 Unrealized +18.0%

OGE OGE ENERGY CORP 0.8%

Value ($000) $1,772 Shares 41,492 Est. Cost $35.91 Unrealized +24.2%

ES EVERSOURCE ENERGY 0.9%

Value ($000) $2,052 Shares 30,471 Est. Cost $55.38 Unrealized +25.6%

PPL PPL CORP 0.8%

Value ($000) $1,872 Shares 53,464 Est. Cost $27.59 Unrealized +29.9%

EVRG EVERGY INC 0.9%

Value ($000) $2,020 Shares 27,863 Est. Cost $50.61 Unrealized +49.1%

NET CLOUDFLARE INC 0.5%

Value ($000) $1,091 Shares 5,532 Est. Cost $49.47 Unrealized +327.6%

AEE AMEREN CORP 0.8%

Value ($000) $1,895 Shares 18,978 Est. Cost $90.55 Unrealized +12.6%

U UNITY SOFTWARE INC 0.4%

Value ($000) $894 Shares 20,250 Est. Cost $22.58 Unrealized +80.5%

NI NISOURCE INC 0.9%

Value ($000) $1,961 Shares 46,961 Est. Cost $28.39 Unrealized +50.1%

PANW PALO ALTO NETWORKS INC 0.3%

Value ($000) $647 Shares 3,513 Est. Cost $184.92 Unrealized +9.1%

EXC EXELON CORP 0.9%

Value ($000) $1,926 Shares 44,187 Est. Cost $34.93 Unrealized +30.1%

RBRK RUBRIK INC. 0.3%

Value ($000) $708 Shares 9,263 Est. Cost $68.27 Unrealized +12.4%

AEP AMERICAN ELEC PWR CO INC 0.9%

Value ($000) $2,102 Shares 18,232 Est. Cost $96.07 Unrealized +22.5%

MSFT MICROSOFT CORP 0.2%

Value ($000) $552 Shares 1,142 Est. Cost $405.08 Unrealized +23.6%

ATO ATMOS ENERGY CORP 0.9%

Value ($000) $2,085 Shares 12,438 Est. Cost $120.85 Unrealized +42.6%

OKTA OKTA INC 0.3%

Value ($000) $640 Shares 7,396 Est. Cost $97.67 Unrealized -10.7%

CRWD CROWDSTRIKE HLDGS INC 0.4%

Value ($000) $807 Shares 1,721 Est. Cost $136.88 Unrealized +272.0%

ADSK AUTODESK INC 0.2%

Value ($000) $495 Shares 1,671 Est. Cost $284.41 Unrealized +6.4%

TCRX TSCAN THERAPEUTICS INC 0.0%

Value ($000) $36 Shares 35,563 Est. Cost $9.27 Unrealized -84.4%

GEN GEN DIGITAL INC 0.3%

Value ($000) $616 Shares 22,650 Est. Cost $26.99 Unrealized -0.5%

ED CONSOLIDATED EDISON INC 0.8%

Value ($000) $1,842 Shares 18,543 Est. Cost $88.75 Unrealized +11.3%

ZM ZOOM COMMUNICATIONS INC 0.2%

Value ($000) $488 Shares 5,653 Est. Cost $79.69 Unrealized +5.6%

UTL UNITIL CORP 0.7%

Value ($000) $1,591 Shares 32,855 Est. Cost $55.43 Unrealized -12.2%

SNPS SYNOPSYS INC 0.1%

Value ($000) $230 Shares 489 Est. Cost $565.30 Unrealized -21.4%

QLYS QUALYS INC 0.3%

Value ($000) $603 Shares 4,539 Est. Cost $126.46 Unrealized +8.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOGO	GOGO INC	385,140	$1,795	0.8%	$13.70	-46.5%	COM	38046C109
ASML	ASML HOLDING N V	8,788	$9,402	4.2%	$817.85	—	N Y REGISTRY SHS	N07059210
UBER	UBER TECHNOLOGIES INC	50,817	$4,152	1.8%	$93.52	-3.7%	COM	90353T100
PDM	PIEDMONT REALTY TRUST INC	744,654	$6,210	2.7%	$8.47	—	COM CL A	720190206
AMRZ	AMRIZE LTD	80,197	$4,337	1.9%	$50.88	+0.3%	SHS	H2927K103
UNH	UNITEDHEALTH GROUP INC	16,692	$5,510	2.4%	$298.94	+12.8%	COM	91324P102
MRNA	MODERNA INC	68,624	$2,024	0.9%	$35.49	-23.4%	COM	60770K107
ZS	ZSCALER INC	3,338	$751	0.3%	$135.86	+107.8%	COM	98980G102
BKH	BLACK HILLS CORP	29,900	$2,076	0.9%	$51.66	+28.7%	COM	092113109
NWE	NORTHWESTERN ENERGY GROUP IN	32,976	$2,128	0.9%	$46.60	+34.8%	COM NEW	668074305
DOCN	DIGITALOCEAN HLDGS INC	13,910	$669	0.3%	$31.95	+37.8%	COM	25402D102
TWLO	TWILIO INC	4,425	$629	0.3%	$118.50	+4.5%	CL A	90138F102
POR	PORTLAND GEN ELEC CO	40,750	$1,956	0.9%	$39.62	+18.0%	COM NEW	736508847
OGE	OGE ENERGY CORP	41,492	$1,772	0.8%	$35.91	+24.2%	COM	670837103
ES	EVERSOURCE ENERGY	30,471	$2,052	0.9%	$55.38	+25.6%	COM	30040W108
PPL	PPL CORP	53,464	$1,872	0.8%	$27.59	+29.9%	COM	69351T106
EVRG	EVERGY INC	27,863	$2,020	0.9%	$50.61	+49.1%	COM	30034W106
NET	CLOUDFLARE INC	5,532	$1,091	0.5%	$49.47	+327.6%	CL A COM	18915M107
AEE	AMEREN CORP	18,978	$1,895	0.8%	$90.55	+12.6%	COM	023608102
U	UNITY SOFTWARE INC	20,250	$894	0.4%	$22.58	+80.5%	COM	91332U101
NI	NISOURCE INC	46,961	$1,961	0.9%	$28.39	+50.1%	COM	65473P105
PANW	PALO ALTO NETWORKS INC	3,513	$647	0.3%	$184.92	+9.1%	COM	697435105
EXC	EXELON CORP	44,187	$1,926	0.9%	$34.93	+30.1%	COM	30161N101
RBRK	RUBRIK INC.	9,263	$708	0.3%	$68.27	+12.4%	CL A	781154109
AEP	AMERICAN ELEC PWR CO INC	18,232	$2,102	0.9%	$96.07	+22.5%	COM	025537101
MSFT	MICROSOFT CORP	1,142	$552	0.2%	$405.08	+23.6%	COM	594918104
ATO	ATMOS ENERGY CORP	12,438	$2,085	0.9%	$120.85	+42.6%	COM	049560105
OKTA	OKTA INC	7,396	$640	0.3%	$97.67	-10.7%	CL A	679295105
CRWD	CROWDSTRIKE HLDGS INC	1,721	$807	0.4%	$136.88	+272.0%	CL A	22788C105
ADSK	AUTODESK INC	1,671	$495	0.2%	$284.41	+6.4%	COM	052769106
TCRX	TSCAN THERAPEUTICS INC	35,563	$36	0.0%	$9.27	-84.4%	COM	89854M101
GEN	GEN DIGITAL INC	22,650	$616	0.3%	$26.99	-0.5%	COM	668771108
ED	CONSOLIDATED EDISON INC	18,543	$1,842	0.8%	$88.75	+11.3%	COM	209115104
ZM	ZOOM COMMUNICATIONS INC	5,653	$488	0.2%	$79.69	+5.6%	CL A	98980L101
UTL	UNITIL CORP	32,855	$1,591	0.7%	$55.43	-12.2%	COM	913259107
SNPS	SYNOPSYS INC	489	$230	0.1%	$565.30	-21.4%	COM	871607107
QLYS	QUALYS INC	4,539	$603	0.3%	$126.46	+8.8%	COM	74758T303