Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IPGP	IPG PHOTONICS CORP	91,425	$10.73M	7.2%	$117.32	—	COM	44980X109
LITE	LUMENTUM HLDGS INC	11,453	$9.827M	6.6%	$858.06	—	COM	55024U109
CIEN	CIENA CORP	15,632	$7.668M	5.2%	$490.56	—	COM NEW	171779309
COHR	COHERENT CORP	16,253	$6.411M	4.3%	$394.47	—	COM	19247G107
LASR	NLIGHT INC	91,651	$6.381M	4.3%	$69.62	—	COM	65487K100
AAOI	APPLIED OPTOELECTRONICS INC	40,488	$5.999M	4.0%	$148.16	—	COM	03823U102
FN	FABRINET	9,726	$5.467M	3.7%	$562.08	—	SHS	G3323L100
VIAV	VIAVI SOLUTIONS INC	110,535	$5.278M	3.6%	$47.75	—	COM	925550105
MU	MICRON TECHNOLOGY INC	3,990	$4.606M	3.1%	$1154.29	—	COM	595112103
MKSI	MKS INC.	9,058	$4.029M	2.7%	$444.80	—	COM	55306N104
ONTO	ONTO INNOVATION INC	10,010	$3.788M	2.6%	$378.45	—	COM	683344105
ASML	ASML HLDG NV	1,661	$3.304M	2.2%	$1989.44	—	N Y REGISTRY SHS	N07059210
AMAT	APPLIED MATLS INC	4,420	$3.196M	2.2%	$723.00	—	COM	038222105
POET	POET TECHNOLOGIES INC	280,644	$2.885M	1.9%	$10.28	—	COM NEW	73044W302
PENG	PENGUIN SOLUTIONS INC	34,060	$2.589M	1.7%	$76.01	—	COM	706915105
LRCX	LAM RESEARCH CORP	5,590	$2.422M	1.6%	$433.33	—	COM NEW	512807306
NOVT	NOVANTA INC	14,793	$2.4M	1.6%	$162.24	—	COM	67000B104
AMKR	AMKOR TECHNOLOGY INC	25,480	$2.197M	1.5%	$86.23	—	COM	031652100
SIMO	SILICON MOTION TECHNOLOGY CO	6,310	$2.103M	1.4%	$333.33	—	SPONSORED ADR	82706C108
SNDK	SANDISK CORP	910	$2.069M	1.4%	$2273.73	—	COM	80004C200
KLAC	KLA CORP	6,750	$2.037M	1.4%	$301.71	—	COM NEW	482480100
CAMT	CAMTEK LTD	11,310	$1.845M	1.2%	$163.12	—	ORD	M20791105
AEVA	AEVA TECHNOLOGIES INC	61,477	$1.766M	1.2%	$28.72	—	COM NEW	00835Q202
RMBS	RAMBUS INC DEL	13,260	$1.76M	1.2%	$132.74	—	COM	750917106
PLAB	PHOTRONICS INC	49,272	$1.603M	1.1%	$32.53	—	COM	719405102
NVMI	NOVA LTD	2,860	$1.553M	1.0%	$542.94	—	COM	M7516K103
EZBC	FRANKLIN TEMPLETON DIGITAL H	40,102	$1.36M	0.9%	$33.91	—	BITCOIN ETF SHS	354921108
VECO	VEECO INSTRS INC DEL	16,770	$1.271M	0.9%	$75.80	—	COM	922417100
AMD	ADVANCED MICRO DEVICES INC	1,850	$1.075M	0.7%	$580.91	—	COM	007903107
LWLG	LIGHTWAVE LOGIC INC	108,087	$1.023M	0.7%	$9.46	—	COM	532275104
FHYS	FEDERATED HERMES ETF TRUST	41,446	$955K	0.6%	$23.04	—	SHOR DU HIGH ETF	31423L206
PDD	PDD HOLDINGS INC	12,376	$944K	0.6%	$76.28	—	SPONSORED ADS	722304102
IGSB	ISHARES TR	17,710	$928K	0.6%	$52.41	—	ISHS 1-5YR INVS	464288646
FORM	FORMFACTOR INC	5,200	$832K	0.6%	$159.93	—	COM	346375108
SHY	ISHARES TR	9,200	$755K	0.5%	$82.11	—	1 3 YR TREAS BD	464287457
WDC	WESTERN DIGITAL CORP	1,170	$747K	0.5%	$638.72	—	COM	958102105
AME	AMETEK INC	3,044	$736K	0.5%	$241.94	—	COM	031100100
GLD	SPDR GOLD TR	1,952	$719K	0.5%	$368.38	—	GOLD SHS	78463V107
EQIX	EQUINIX INC	686	$715K	0.5%	$1042.39	—	COM	29444U700
AXS	AXIS CAP HLDGS LTD	6,394	$687K	0.5%	$107.44	—	SHS	G0692U109
FNV	FRANCO NEV CORP	3,174	$662K	0.4%	$208.44	—	COM	351858105
SKWD	SKYWARD SPECIALTY INS GROUP	11,316	$660K	0.4%	$58.35	—	COM	830940102
MELI	MERCADOLIBRE INC	373	$633K	0.4%	$1697.39	—	COM	58733R102
KNSL	KINSALE CAP GROUP INC	1,794	$592K	0.4%	$329.81	—	COM	49714P108
WRB	BERKLEY W R CORP	7,268	$513K	0.3%	$70.53	—	COM	084423102
YMM	FULL TRUCK ALLIANCE CO LTD	59,098	$480K	0.3%	$8.12	—	SPONSORED ADS	35969L108
CB	CHUBB LIMITED	1,242	$423K	0.3%	$340.74	—	COM	H1467J104
CCII	COHEN CIRCLE ACQUISIT CORP I	37,692	$388K	0.3%	$10.30	—	SHS CL A	G2254C121
STX	SEAGATE TECHNOLOGY HLDNGS PL	390	$376K	0.3%	$965.00	—	ORD SHS	G7997R103
FGII	FG IMPERII ACQUISITION CORP	35,000	$348K	0.2%	$9.93	—	ORD SHS CL A	G3R41C102
NVR	NVR INC	46	$313K	0.2%	$6813.39	—	COM	62944T105
MRAM	EVERSPIN TECHNOLOGIES INC	12,350	$299K	0.2%	$24.18	—	COM	30041T104
KO	COCA COLA CO	3,542	$288K	0.2%	$81.27	—	COM	191216100
TWLV	TWELVE SEAS INVT CO III	28,462	$284K	0.2%	$9.99	—	ORD SHS CL A	G9145D101
CAIIU	COLLECTIVE ACQUISITION CORP	26,923	$271K	0.2%	$10.05	—	UNIT 04/27/2031	G22741121
RREVU	RRE VENTURES ACQUISITION COR	26,923	$270K	0.2%	$10.02	—	UNIT 04/22/2031	G770AL111
MKL	MARKEL GROUP INC	138	$270K	0.2%	$1953.01	—	COM	570535104
AU	ANGLOGOLD ASHANTI PLC	3,328	$269K	0.2%	$80.89	—	COM SHS	G0378L100
BIDWU	TRIBECA STRATEGIC ACQUISITIO	26,923	$268K	0.2%	$9.95	—	UNIT 05/22/2031	G90420129
HSY	HERSHEY CO	1,518	$266K	0.2%	$175.45	—	COM	427866108
FTRA/U	FUTURECORP SPACE ACQUISITION	25,000	$253K	0.2%	$10.13	—	UNIT 99/99/9999	G37307124
WENC/U	WEST ENCLAVE MERGER CORP	24,231	$244K	0.2%	$10.08	—	UNIT 99/99/9999	G9600E123
AACPU	APOGEE ACQUISITION CORP	21,538	$220K	0.1%	$10.23	—	UNIT 03/27/2031	G04126127
FTHAU	FOREFRONT TECHNOLOGY HOLDING	21,538	$216K	0.1%	$10.05	—	UNIT 04/30/2031	G3624C122
ARTC	ART TECHNOLOGY ACQUISITION C	21,538	$214K	0.1%	$9.94	—	USD CL A ORD SHS	G0579E103
UNP	UNION PAC CORP	785	$214K	0.1%	$272.00	—	COM	907818108
NPAC	NEW PROVIDENCE ACQUISITION C	20,000	$208K	0.1%	$10.38	—	USD CL A ORD SHS	G6476A102
KOYN	CSLM DIGITA ASSET ACQ CORP I	20,000	$203K	0.1%	$10.14	—	USD CL A ORD SHS	G2584S101
MMTX	MILUNA ACQUISITION CORP	20,000	$202K	0.1%	$10.10	—	USD CL A ORD SHS	G6180J100
CAES	CANTOR EQUITY PARTNERS VII I	20,000	$202K	0.1%	$10.09	—	CL A ORD SHS	G1828W100
SSAC	SPACSPHERE ACQUISITION CORP	20,000	$200K	0.1%	$9.98	—	CL A SHS	G8T088109
GIX	GIGCAPITAL9 CORP	20,000	$199K	0.1%	$9.93	—	CL A	G3865B114
CPNG	COUPANG INC	10,858	$189K	0.1%	$17.37	—	CL A	22266T109
DMII	DRUGS MADE IN AMER ACQ II CO	10,769	$108K	0.1%	$10.06	—	USD ORD SHS	G2851K104
WLCOU	WILCO 63 CORP	10,000	$99,500	0.1%	$9.95	—	UNIT 05/29/2031	G9640P120
SHMD	SCHMID GROUP N.V.	10,431	$65,298	0.0%	$6.26	—	EURO SHS CL A	N68722102

Increased Positions (20)

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.9%

Value $1.374M (+56.3%) Shares 2,877 (+10.6%) Est. Cost $320.55 Unrealized —

LLY ELI LILLY & CO 0.7%

Value $1.079M (+63.9%) Shares 900 (+25.7%) Est. Cost $1005.41 Unrealized —

BBCQU BLEICHROEDER ACQUISITI CORP 0.3%

Value $415K (+15.2%) Shares 37,692 (+7.7%) Est. Cost $10.34 Unrealized —

CEPS CANTOR EQUITY PARTNERS VI IN 0.2%

Value $335K (+10.4%) Shares 32,308 (+7.7%) Est. Cost $10.14 Unrealized —

PTORU PRAETORIAN ACQUISITION CORP 0.2%

Value $270K (+9.2%) Shares 26,923 (+7.7%) Est. Cost $9.90 Unrealized —

ARTCU ART TECHNOLOGY ACQUISITION C 0.2%

Value $269K (+8.6%) Shares 26,923 (+7.7%) Est. Cost $9.91 Unrealized —

CEPO CANTOR EQUITY PARTNERS I INC 0.1%

Value $191K (-9.4%) Shares 21,608 (+7.7%) Est. Cost $10.91 Unrealized —

MBAV M3BRIGADE ACQUISITION V CORP 0.2%

Value $233K (+8.6%) Shares 21,538 (+7.7%) Est. Cost $10.95 Unrealized —

MACI MELAR ACQUISITION CORP. I 0.1%

Value $176K (+8.6%) Shares 16,154 (+7.7%) Est. Cost $10.04 Unrealized —

PAACU PROEM ACQUISITION CORP I 0.1%

Value $163K (+8.8%) Shares 16,154 (+7.7%) Est. Cost $9.99 Unrealized —

CAQUU CAMBRIDGE ACQUISITION CORP 0.1%

Value $161K (+7.9%) Shares 16,154 (+7.7%) Est. Cost $9.96 Unrealized —

SCPQU SOCIAL COMM PARTNERS CORP 0.1%

Value $110K (+10.3%) Shares 10,769 (+7.7%) Est. Cost $10.02 Unrealized —

ARCIU ARCHIMEDES TECH SPAC PTNRS I 0.1%

Value $109K (+9.6%) Shares 10,769 (+7.7%) Est. Cost $9.99 Unrealized —

DAAQU DIGITAL ASSET ACQUISITION CO 0.1%

Value $114K (+9.2%) Shares 10,769 (+7.7%) Est. Cost $10.78 Unrealized —

AEAQU ACTIVATE ENERGY ACQUISIT COR 0.1%

Value $109K (+9.2%) Shares 10,769 (+7.7%) Est. Cost $10.01 Unrealized —

MUZEU MUZERO ACQUISITION CORP 0.1%

Value $108K (+8.9%) Shares 10,769 (+7.7%) Est. Cost $9.94 Unrealized —

MEVOU M EVO GBL ACQUISITION CORP I 0.1%

Value $109K (+8.7%) Shares 10,769 (+7.7%) Est. Cost $10.02 Unrealized —

ITHAU ITHAX ACQUISITION CORP III 0.1%

Value $108K (+8.6%) Shares 10,769 (+7.7%) Est. Cost $9.98 Unrealized —

AACOU ABONY ACQUISITION CORP I 0.1%

Value $108K (+8.4%) Shares 10,769 (+7.7%) Est. Cost $9.95 Unrealized —

LEGO/U LEGATO MERGER CORP IV 0.1%

Value $108K (+8.2%) Shares 10,769 (+7.7%) Est. Cost $9.98 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFAC	2,877 (+10.6%)	$1.374M (+56.3%)	0.9%	$320.55	—	SPONSORED ADS	874039100
LLY	ELI LILLY & CO	900 (+25.7%)	$1.079M (+63.9%)	0.7%	$1005.41	—	COM	532457108
BBCQU	BLEICHROEDER ACQUISITI CORP	37,692 (+7.7%)	$415K (+15.2%)	0.3%	$10.34	—	UNIT 12/23/2030	G1170E120
CEPS	CANTOR EQUITY PARTNERS VI IN	32,308 (+7.7%)	$335K (+10.4%)	0.2%	$10.14	—	CL A ORD SHS	G1828R101
PTORU	PRAETORIAN ACQUISITION CORP	26,923 (+7.7%)	$270K (+9.2%)	0.2%	$9.90	—	UNIT 01/16/2031	G7S17G111
ARTCU	ART TECHNOLOGY ACQUISITION C	26,923 (+7.7%)	$269K (+8.6%)	0.2%	$9.91	—	UNIT 12/19/2030	G0579E129
CEPO	CANTOR EQUITY PARTNERS I INC	21,608 (+7.7%)	$191K (-9.4%)	0.1%	$10.91	—	SHS CL A	G1827K107
MBAV	M3BRIGADE ACQUISITION V CORP	21,538 (+7.7%)	$233K (+8.6%)	0.2%	$10.95	—	CL A	G63212107
MACI	MELAR ACQUISITION CORP. I	16,154 (+7.7%)	$176K (+8.6%)	0.1%	$10.04	—	SHS CL A	G6004G100
PAACU	PROEM ACQUISITION CORP I	16,154 (+7.7%)	$163K (+8.8%)	0.1%	$9.99	—	UNIT 01/29/2031	G7341A129
CAQUU	CAMBRIDGE ACQUISITION CORP	16,154 (+7.7%)	$161K (+7.9%)	0.1%	$9.96	—	UNIT 01/30/2031	G1871M124
SCPQU	SOCIAL COMM PARTNERS CORP	10,769 (+7.7%)	$110K (+10.3%)	0.1%	$10.02	—	UNIT 11/24/2030	G8254P129
ARCIU	ARCHIMEDES TECH SPAC PTNRS I	10,769 (+7.7%)	$109K (+9.6%)	0.1%	$9.99	—	UNIT 01/23/2031	G0453R121
DAAQU	DIGITAL ASSET ACQUISITION CO	10,769 (+7.7%)	$114K (+9.2%)	0.1%	$10.78	—	UNIT 99/99/9999	G2868C129
AEAQU	ACTIVATE ENERGY ACQUISIT COR	10,769 (+7.7%)	$109K (+9.2%)	0.1%	$10.01	—	UNIT 11/10/2030	G0081J129
MUZEU	MUZERO ACQUISITION CORP	10,769 (+7.7%)	$108K (+8.9%)	0.1%	$9.94	—	UNIT 01/30/2031	G8775A122
MEVOU	M EVO GBL ACQUISITION CORP I	10,769 (+7.7%)	$109K (+8.7%)	0.1%	$10.02	—	UNIT 01/23/2031	G6071J128
ITHAU	ITHAX ACQUISITION CORP III	10,769 (+7.7%)	$108K (+8.6%)	0.1%	$9.98	—	UNIT 11/17/2030	G4977S128
AACOU	ABONY ACQUISITION CORP I	10,769 (+7.7%)	$108K (+8.4%)	0.1%	$9.95	—	UNIT 01/29/2031	G00582125
LEGO/U	LEGATO MERGER CORP IV	10,769 (+7.7%)	$108K (+8.2%)	0.1%	$9.98	—	UNIT 99/99/9999	G7318R121

Exited Positions (84)

META META PLATFORMS INC 1.9%

Value $2.816M Shares 4,922 Est. Cost $652.42 Unrealized —

TSLA TESLA INC 1.5%

Value $2.287M Shares 6,151 Est. Cost $425.98 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 1.5%

Value $2.239M Shares 15,306 Est. Cost $154.17 Unrealized —

ORCL ORACLE CORP 0.8%

Value $1.26M Shares 8,564 Est. Cost $169.61 Unrealized —

XOM EXXON MOBIL CORP 0.6%

Value $923K Shares 5,440 Est. Cost $138.74 Unrealized —

HD HOME DEPOT INC 0.6%

Value $905K Shares 2,753 Est. Cost $362.46 Unrealized —

CVX CHEVRON CORPORATION 0.6%

Value $887K Shares 4,288 Est. Cost $171.87 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.6%

Value $867K Shares 2,221 Est. Cost $431.12 Unrealized —

CRM SALESFORCE INC 0.5%

Value $794K Shares 4,252 Est. Cost $215.77 Unrealized —

TMUS T-MOBILE US INC 0.5%

Value $793K Shares 3,774 Est. Cost $200.17 Unrealized —

RTX RTX CORPORATION 0.5%

Value $775K Shares 4,019 Est. Cost $196.61 Unrealized —

SHOP SHOPIFY INC 0.5%

Value $735K Shares 6,197 Est. Cost $136.45 Unrealized —

LMT LOCKHEED MARTIN CORP 0.5%

Value $717K Shares 1,187 Est. Cost $600.88 Unrealized —

DHR DANAHER CORP DEL 0.5%

Value $708K Shares 3,736 Est. Cost $228.87 Unrealized —

NET CLOUDFLARE INC 0.5%

Value $707K Shares 3,426 Est. Cost $182.40 Unrealized —

NOC NORTHROP GRUMMAN CORP 0.5%

Value $699K Shares 1,024 Est. Cost $673.66 Unrealized —

BX BLACKSTONE INC 0.4%

Value $667K Shares 5,798 Est. Cost $140.88 Unrealized —

BLK BLACKROCK INC 0.4%

Value $665K Shares 691 Est. Cost $1097.38 Unrealized —

FTNT FORTINET INC 0.4%

Value $612K Shares 7,491 Est. Cost $79.98 Unrealized —

ANET ARISTA NETWORKS INC 0.4%

Value $607K Shares 4,942 Est. Cost $135.05 Unrealized —

MSFT MICROSOFT CORP 0.4%

Value $592K Shares 1,600 Est. Cost $423.98 Unrealized —

APP APPLOVIN CORP 0.4%

Value $577K Shares 1,450 Est. Cost $507.11 Unrealized —

COP CONOCOPHILLIPS 0.4%

Value $566K Shares 4,288 Est. Cost $102.65 Unrealized —

COF CAPITAL ONE FINL CORP 0.4%

Value $529K Shares 2,897 Est. Cost $223.24 Unrealized —

ETN EATON CORP PLC 0.3%

Value $516K Shares 1,443 Est. Cost $353.63 Unrealized —

LHX L3HARRIS TECHNOLOGIES INC 0.3%

Value $508K Shares 1,473 Est. Cost $343.14 Unrealized —

PANW PALO ALTO NETWORKS INC 0.3%

Value $485K Shares 3,026 Est. Cost $172.15 Unrealized —

GD GENERAL DYNAMICS CORP 0.3%

Value $472K Shares 1,375 Est. Cost $354.49 Unrealized —

DELL DELL TECHNOLOGIES INC 0.3%

Value $468K Shares 2,850 Est. Cost $119.03 Unrealized —

AXON AXON ENTERPRISE INC 0.3%

Value $429K Shares 1,009 Est. Cost $526.80 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.3%

Value $422K Shares 2,683 Est. Cost $164.98 Unrealized —

GSRFU GSR IV ACQUISITION CORP 0.3%

Value $410K Shares 40,000 Est. Cost $10.13 Unrealized —

REGN REGENERON PHARMACEUTICALS 0.3%

Value $380K Shares 492 Est. Cost $769.15 Unrealized —

GEV GE VERNOVA INC 0.3%

Value $378K Shares 433 Est. Cost $736.93 Unrealized —

BWXT BWX TECHNOLOGIES INC 0.2%

Value $347K Shares 1,697 Est. Cost $202.99 Unrealized —

SO SOUTHERN CO 0.2%

Value $327K Shares 3,392 Est. Cost $89.54 Unrealized —

DUK DUKE ENERGY CORP NEW 0.2%

Value $327K Shares 2,496 Est. Cost $120.88 Unrealized —

PWR QUANTA SVCS INC 0.2%

Value $320K Shares 583 Est. Cost $486.21 Unrealized —

ABNB AIRBNB INC 0.2%

Value $320K Shares 2,534 Est. Cost $129.40 Unrealized —

RKLB ROCKET LAB CORP 0.2%

Value $316K Shares 4,919 Est. Cost $79.27 Unrealized —

DASH DOORDASH INC 0.2%

Value $298K Shares 1,982 Est. Cost $196.68 Unrealized —

MPWR MONOLITHIC PWR SYS INC 0.2%

Value $297K Shares 272 Est. Cost $1104.63 Unrealized —

WMB WILLIAMS COS INC 0.2%

Value $296K Shares 4,064 Est. Cost $66.35 Unrealized —

CVNA CARVANA CO 0.2%

Value $295K Shares 939 Est. Cost $408.48 Unrealized —

HOOD ROBINHOOD MKTS INC 0.2%

Value $293K Shares 4,229 Est. Cost $95.75 Unrealized —

SNOW SNOWFLAKE INC 0.2%

Value $293K Shares 1,940 Est. Cost $194.49 Unrealized —

VRSN VERISIGN INC 0.2%

Value $274K Shares 1,103 Est. Cost $235.45 Unrealized —

PL PLANET LABS PBC 0.2%

Value $274K Shares 9,798 Est. Cost $24.28 Unrealized —

BE BLOOM ENERGY CORP 0.2%

Value $272K Shares 2,007 Est. Cost $144.65 Unrealized —

COIN COINBASE GLOBAL INC 0.2%

Value $271K Shares 1,554 Est. Cost $200.57 Unrealized —

XYZ BLOCK INC 0.2%

Value $259K Shares 4,297 Est. Cost $60.32 Unrealized —

TDY TELEDYNE TECHNOLOGIES INC 0.2%

Value $252K Shares 416 Est. Cost $613.97 Unrealized —

DNMXU DYNAMIX CORP III 0.2%

Value $251K Shares 25,000 Est. Cost $10.05 Unrealized —

BIXIU BITCOIN INFRASTRUCTURE ACQUI 0.2%

Value $250K Shares 25,000 Est. Cost $9.96 Unrealized —

ALOVU ALDABRA 4 LQDTY OPP VEH INC 0.2%

Value $249K Shares 25,000 Est. Cost $9.97 Unrealized —

IRHOU IRON HORSE ACQUISIT II CORP 0.2%

Value $249K Shares 25,000 Est. Cost $9.95 Unrealized —

AEP AMERICAN ELEC PWR CO INC 0.2%

Value $247K Shares 1,888 Est. Cost $120.54 Unrealized —

VLO VALERO ENERGY CORP 0.2%

Value $245K Shares 992 Est. Cost $190.06 Unrealized —

PSX PHILLIPS 66 0.2%

Value $245K Shares 1,344 Est. Cost $147.11 Unrealized —

SATS ECHOSTAR CORP 0.2%

Value $244K Shares 2,084 Est. Cost $116.36 Unrealized —

RTAC RENATUS TACTICAL ACQUIS 0.2%

Value $242K Shares 23,586 Est. Cost $11.24 Unrealized —

CRWV COREWEAVE INC 0.2%

Value $236K Shares 3,051 Est. Cost $91.48 Unrealized —

MPC MARATHON PETE CORP 0.2%

Value $234K Shares 960 Est. Cost $184.70 Unrealized —

CW CURTISS WRIGHT CORP 0.2%

Value $232K Shares 340 Est. Cost $650.76 Unrealized —

LNG CHENIERE ENERGY INC 0.2%

Value $227K Shares 800 Est. Cost $209.78 Unrealized —

CEG CONSTELLATION ENERGY CORP 0.2%

Value $223K Shares 800 Est. Cost $301.15 Unrealized —

LDOS LEIDOS HOLDINGS INC 0.2%

Value $223K Shares 1,436 Est. Cost $186.07 Unrealized —

KMI KINDER MORGAN INC DEL 0.1%

Value $219K Shares 6,528 Est. Cost $29.74 Unrealized —

CEPT CANTOR EQUITY PARTNERS II IN 0.1%

Value $218K Shares 20,000 Est. Cost $11.29 Unrealized —

APO APOLLO GLOBAL MGMT INC 0.1%

Value $214K Shares 1,917 Est. Cost $133.41 Unrealized —

NNN NNN REIT INC 0.1%

Value $207K Shares 4,920 Est. Cost $42.03 Unrealized —

CAEP CANTOR EQUITY PARTNERS III I 0.1%

Value $206K Shares 20,000 Est. Cost $10.53 Unrealized —

BNL BROADSTONE NET LEASE INC 0.1%

Value $204K Shares 11,190 Est. Cost $18.27 Unrealized —

CEPF CANTOR EQUITY PARTNERS IV IN 0.1%

Value $204K Shares 20,000 Est. Cost $10.15 Unrealized —

CEPV CANTOR EQUITY PARTNERS V INC 0.1%

Value $202K Shares 20,000 Est. Cost $10.25 Unrealized —

SVAQU SILICON VY ACQUISITION CORP 0.1%

Value $200K Shares 20,000 Est. Cost $9.95 Unrealized —

ADACU AMERICAN DRIVE ACQUISITION C 0.1%

Value $199K Shares 20,000 Est. Cost $9.97 Unrealized —

MZYX/U MOZAYYX ACQUISITION CORP 0.1%

Value $199K Shares 20,000 Est. Cost $9.94 Unrealized —

SORNU SOREN ACQUISITION CORP 0.1%

Value $149K Shares 15,000 Est. Cost $9.93 Unrealized —

UNIT UNITI GROUP LLC 0.1%

Value $130K Shares 13,872 Est. Cost $7.77 Unrealized —

EVLV EVOLV TECHNOLOGIES HLDNGS IN 0.1%

Value $94,622 Shares 15,640 Est. Cost $6.08 Unrealized —

AUR AURORA INNOVATION INC 0.1%

Value $85,828 Shares 20,832 Est. Cost $4.48 Unrealized —

GOGO GOGO INC 0.0%

Value $67,150 Shares 16,704 Est. Cost $4.56 Unrealized —

BBAI BIGBEAR AI HLDGS INC 0.0%

Value $65,331 Shares 18,560 Est. Cost $5.16 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	4,922	$2.816M	1.9%	$652.42	—	—	30303M102
TSLA	TESLA INC	6,151	$2.287M	1.5%	$425.98	—	—	88160R101
PLTR	PALANTIR TECHNOLOGIES INC	15,306	$2.239M	1.5%	$154.17	—	—	69608A108
ORCL	ORACLE CORP	8,564	$1.26M	0.8%	$169.61	—	—	68389X105
XOM	EXXON MOBIL CORP	5,440	$923K	0.6%	$138.74	—	—	30231G102
HD	HOME DEPOT INC	2,753	$905K	0.6%	$362.46	—	—	437076102
CVX	CHEVRON CORPORATION	4,288	$887K	0.6%	$171.87	—	—	166764100
CRWD	CROWDSTRIKE HLDGS INC	2,221	$867K	0.6%	$431.12	—	—	22788C105
CRM	SALESFORCE INC	4,252	$794K	0.5%	$215.77	—	—	79466L302
TMUS	T-MOBILE US INC	3,774	$793K	0.5%	$200.17	—	—	872590104
RTX	RTX CORPORATION	4,019	$775K	0.5%	$196.61	—	—	75513E101
SHOP	SHOPIFY INC	6,197	$735K	0.5%	$136.45	—	—	82509L107
LMT	LOCKHEED MARTIN CORP	1,187	$717K	0.5%	$600.88	—	—	539830109
DHR	DANAHER CORP DEL	3,736	$708K	0.5%	$228.87	—	—	235851102
NET	CLOUDFLARE INC	3,426	$707K	0.5%	$182.40	—	—	18915M107
NOC	NORTHROP GRUMMAN CORP	1,024	$699K	0.5%	$673.66	—	—	666807102
BX	BLACKSTONE INC	5,798	$667K	0.4%	$140.88	—	—	09260D107
BLK	BLACKROCK INC	691	$665K	0.4%	$1097.38	—	—	09290D101
FTNT	FORTINET INC	7,491	$612K	0.4%	$79.98	—	—	34959E109
ANET	ARISTA NETWORKS INC	4,942	$607K	0.4%	$135.05	—	—	040413205
MSFT	MICROSOFT CORP	1,600	$592K	0.4%	$423.98	—	—	594918104
APP	APPLOVIN CORP	1,450	$577K	0.4%	$507.11	—	—	03831W108
COP	CONOCOPHILLIPS	4,288	$566K	0.4%	$102.65	—	—	20825C104
COF	CAPITAL ONE FINL CORP	2,897	$529K	0.4%	$223.24	—	—	14040H105
ETN	EATON CORP PLC	1,443	$516K	0.3%	$353.63	—	—	G29183103
LHX	L3HARRIS TECHNOLOGIES INC	1,473	$508K	0.3%	$343.14	—	—	502431109
PANW	PALO ALTO NETWORKS INC	3,026	$485K	0.3%	$172.15	—	—	697435105
GD	GENERAL DYNAMICS CORP	1,375	$472K	0.3%	$354.49	—	—	369550108
DELL	DELL TECHNOLOGIES INC	2,850	$468K	0.3%	$119.03	—	—	24703L202
AXON	AXON ENTERPRISE INC	1,009	$429K	0.3%	$526.80	—	—	05464C101
ICE	INTERCONTINENTAL EXCHANGE IN	2,683	$422K	0.3%	$164.98	—	—	45866F104
GSRFU	GSR IV ACQUISITION CORP	40,000	$410K	0.3%	$10.13	—	—	G4R12K123
REGN	REGENERON PHARMACEUTICALS	492	$380K	0.3%	$769.15	—	—	75886F107
GEV	GE VERNOVA INC	433	$378K	0.3%	$736.93	—	—	36828A101
BWXT	BWX TECHNOLOGIES INC	1,697	$347K	0.2%	$202.99	—	—	05605H100
SO	SOUTHERN CO	3,392	$327K	0.2%	$89.54	—	—	842587107
DUK	DUKE ENERGY CORP NEW	2,496	$327K	0.2%	$120.88	—	—	26441C204
PWR	QUANTA SVCS INC	583	$320K	0.2%	$486.21	—	—	74762E102
ABNB	AIRBNB INC	2,534	$320K	0.2%	$129.40	—	—	009066101
RKLB	ROCKET LAB CORP	4,919	$316K	0.2%	$79.27	—	—	773121108
DASH	DOORDASH INC	1,982	$298K	0.2%	$196.68	—	—	25809K105
MPWR	MONOLITHIC PWR SYS INC	272	$297K	0.2%	$1104.63	—	—	609839105
WMB	WILLIAMS COS INC	4,064	$296K	0.2%	$66.35	—	—	969457100
CVNA	CARVANA CO	939	$295K	0.2%	$408.48	—	—	146869102
HOOD	ROBINHOOD MKTS INC	4,229	$293K	0.2%	$95.75	—	—	770700102
SNOW	SNOWFLAKE INC	1,940	$293K	0.2%	$194.49	—	—	833445109
VRSN	VERISIGN INC	1,103	$274K	0.2%	$235.45	—	—	92343E102
PL	PLANET LABS PBC	9,798	$274K	0.2%	$24.28	—	—	72703X106
BE	BLOOM ENERGY CORP	2,007	$272K	0.2%	$144.65	—	—	093712107
COIN	COINBASE GLOBAL INC	1,554	$271K	0.2%	$200.57	—	—	19260Q107
XYZ	BLOCK INC	4,297	$259K	0.2%	$60.32	—	—	852234103
TDY	TELEDYNE TECHNOLOGIES INC	416	$252K	0.2%	$613.97	—	—	879360105
DNMXU	DYNAMIX CORP III	25,000	$251K	0.2%	$10.05	—	—	G2949T125
BIXIU	BITCOIN INFRASTRUCTURE ACQUI	25,000	$250K	0.2%	$9.96	—	—	G1143H127
ALOVU	ALDABRA 4 LQDTY OPP VEH INC	25,000	$249K	0.2%	$9.97	—	—	G01900201
IRHOU	IRON HORSE ACQUISIT II CORP	25,000	$249K	0.2%	$9.95	—	—	46283H202
AEP	AMERICAN ELEC PWR CO INC	1,888	$247K	0.2%	$120.54	—	—	025537101
VLO	VALERO ENERGY CORP	992	$245K	0.2%	$190.06	—	—	91913Y100
PSX	PHILLIPS 66	1,344	$245K	0.2%	$147.11	—	—	718546104
SATS	ECHOSTAR CORP	2,084	$244K	0.2%	$116.36	—	—	278768106
RTAC	RENATUS TACTICAL ACQUIS	23,586	$242K	0.2%	$11.24	—	—	G7490F101
CRWV	COREWEAVE INC	3,051	$236K	0.2%	$91.48	—	—	21873S108
MPC	MARATHON PETE CORP	960	$234K	0.2%	$184.70	—	—	56585A102
CW	CURTISS WRIGHT CORP	340	$232K	0.2%	$650.76	—	—	231561101
LNG	CHENIERE ENERGY INC	800	$227K	0.2%	$209.78	—	—	16411R208
CEG	CONSTELLATION ENERGY CORP	800	$223K	0.2%	$301.15	—	—	21037T109
LDOS	LEIDOS HOLDINGS INC	1,436	$223K	0.2%	$186.07	—	—	525327102
KMI	KINDER MORGAN INC DEL	6,528	$219K	0.1%	$29.74	—	—	49456B101
CEPT	CANTOR EQUITY PARTNERS II IN	20,000	$218K	0.1%	$11.29	—	—	G1827P106
APO	APOLLO GLOBAL MGMT INC	1,917	$214K	0.1%	$133.41	—	—	03769M106
NNN	NNN REIT INC	4,920	$207K	0.1%	$42.03	—	—	637417106
CAEP	CANTOR EQUITY PARTNERS III I	20,000	$206K	0.1%	$10.53	—	—	G1828A108
BNL	BROADSTONE NET LEASE INC	11,190	$204K	0.1%	$18.27	—	—	11135E203
CEPF	CANTOR EQUITY PARTNERS IV IN	20,000	$204K	0.1%	$10.15	—	—	G1828E100
CEPV	CANTOR EQUITY PARTNERS V INC	20,000	$202K	0.1%	$10.25	—	—	G1828S109
SVAQU	SILICON VY ACQUISITION CORP	20,000	$200K	0.1%	$9.95	—	—	G81306105
ADACU	AMERICAN DRIVE ACQUISITION C	20,000	$199K	0.1%	$9.97	—	—	G0R91M121
MZYX/U	MOZAYYX ACQUISITION CORP	20,000	$199K	0.1%	$9.94	—	—	G63113123
SORNU	SOREN ACQUISITION CORP	15,000	$149K	0.1%	$9.93	—	—	G8274J129
UNIT	UNITI GROUP LLC	13,872	$130K	0.1%	$7.77	—	—	912932100
EVLV	EVOLV TECHNOLOGIES HLDNGS IN	15,640	$94,622	0.1%	$6.08	—	—	30049H102
AUR	AURORA INNOVATION INC	20,832	$85,828	0.1%	$4.48	—	—	051774107
GOGO	GOGO INC	16,704	$67,150	0.0%	$4.56	—	—	38046C109
BBAI	BIGBEAR AI HLDGS INC	18,560	$65,331	0.0%	$5.16	—	—	08975B109

Decreased Positions (7)

NVDA NVIDIA CORPORATION 0.6%

Value $827K (-73.0%) Shares 4,133 (-76.5%) Est. Cost $171.06 Unrealized —

NEE NEXTERA ENERGY INC 0.5%

Value $734K (-33.3%) Shares 8,365 (-29.4%) Est. Cost $87.17 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.6%

Value $832K (-20.6%) Shares 889 (-15.4%) Est. Cost $882.25 Unrealized —

WCN WASTE CONNECTIONS INC 0.5%

Value $729K (-19.6%) Shares 4,373 (-21.7%) Est. Cost $174.16 Unrealized —

AVGO BROADCOM INC 0.6%

Value $882K (+15.5%) Shares 2,335 (-5.4%) Est. Cost $227.43 Unrealized —

TACO BERTO ACQUISITION CORP 0.2%

Value $321K (-21.8%) Shares 30,577 (-23.6%) Est. Cost $10.40 Unrealized —

NU NU HLDGS LTD 0.2%

Value $271K (-11.6%) Shares 20,312 (-4.9%) Est. Cost $17.34 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	4,133 (-76.5%)	$827K (-73.0%)	0.6%	$171.06	—	COM	67066G104
NEE	NEXTERA ENERGY INC	8,365 (-29.4%)	$734K (-33.3%)	0.5%	$87.17	—	COM	65339F101
COST	COSTCO WHOLESALE CORPORATION	889 (-15.4%)	$832K (-20.6%)	0.6%	$882.25	—	COM	22160K105
WCN	WASTE CONNECTIONS INC	4,373 (-21.7%)	$729K (-19.6%)	0.5%	$174.16	—	COM	94106B101
AVGO	BROADCOM INC	2,335 (-5.4%)	$882K (+15.5%)	0.6%	$227.43	—	COM	11135F101
TACO	BERTO ACQUISITION CORP	30,577 (-23.6%)	$321K (-21.8%)	0.2%	$10.40	—	ORD SHS	G1051H101
NU	NU HLDGS LTD	20,312 (-4.9%)	$271K (-11.6%)	0.2%	$17.34	—	ORD SHS CL A	G6683N103

Unchanged Positions (13)

RY ROYAL BK CDA 0.6%

Value $940K Shares 4,540 Est. Cost $112.75 Unrealized —

MS MORGAN STANLEY 0.6%

Value $902K Shares 4,317 Est. Cost $166.47 Unrealized —

GOOG ALPHABET INC 0.6%

Value $864K Shares 2,445 Est. Cost $171.13 Unrealized —

HCA HCA HEALTHCARE INC 0.4%

Value $642K Shares 1,646 Est. Cost $330.60 Unrealized —

WELL WELLTOWER INC 0.6%

Value $933K Shares 4,112 Est. Cost $118.95 Unrealized —

AMZN AMAZON COM INC 0.5%

Value $788K Shares 3,308 Est. Cost $197.57 Unrealized —

V VISA INC 0.5%

Value $746K Shares 2,175 Est. Cost $302.54 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 0.6%

Value $909K Shares 10,487 Est. Cost $76.91 Unrealized —

JPM JPMORGAN CHASE & CO 0.5%

Value $783K Shares 2,391 Est. Cost $212.47 Unrealized —

PH PARKER-HANNIFIN CORP 0.6%

Value $858K Shares 877 Est. Cost $605.76 Unrealized —

BN BROOKFIELD CORP 0.5%

Value $717K Shares 16,830 Est. Cost $36.69 Unrealized —

PLD PROLOGIS INC. 0.6%

Value $818K Shares 6,039 Est. Cost $112.77 Unrealized —

MA MASTERCARD INCORPORATED 0.5%

Value $693K Shares 1,349 Est. Cost $501.41 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RY	ROYAL BK CDA	4,540	$940K	0.6%	$112.75	—	COM	780087102
MS	MORGAN STANLEY	4,317	$902K	0.6%	$166.47	—	COM NEW	617446448
GOOG	ALPHABET INC	2,445	$864K	0.6%	$171.13	—	CAP STK CL C	02079K107
HCA	HCA HEALTHCARE INC	1,646	$642K	0.4%	$330.60	—	COM	40412C101
WELL	WELLTOWER INC	4,112	$933K	0.6%	$118.95	—	COM	95040Q104
AMZN	AMAZON COM INC	3,308	$788K	0.5%	$197.57	—	COM	023135106
V	VISA INC	2,175	$746K	0.5%	$302.54	—	COM CL A	92826C839
CP	CANADIAN PACIFIC KANSAS CITY	10,487	$909K	0.6%	$76.91	—	COM	13646K108
JPM	JPMORGAN CHASE & CO	2,391	$783K	0.5%	$212.47	—	COM	46625H100
PH	PARKER-HANNIFIN CORP	877	$858K	0.6%	$605.76	—	COM	701094104
BN	BROOKFIELD CORP	16,830	$717K	0.5%	$36.69	—	CL A LTD VT SH	11271J107
PLD	PROLOGIS INC.	6,039	$818K	0.6%	$112.77	—	COM	74340W103
MA	MASTERCARD INCORPORATED	1,349	$693K	0.5%	$501.41	—	CL A	57636Q104