Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	RIGETTI COMPUTING INC	676,400	$13.07M	2.5%	—	—	PUT	76655K953
WSE	WISE GROUP PLC	917,960	$10.93M	2.1%	$11.91	—	ORD SHS CLASS A	G9723Y105
—	ISHARES BITCOIN TRUST ETF	275,000	$9.155M	1.8%	—	—	CALL	46438F901
AXTI	AXT INC	90,107	$6.495M	1.3%	$72.08	—	COM	00246W103
—	MARVELL TECHNOLOGY INC	20,000	$5.958M	1.2%	—	—	CALL	573874904
IBB	ISHARES TR	30,406	$5.783M	1.1%	$190.19	—	ISHARES BIOTECH	464287556
—	ROBINHOOD MKTS INC	37,400	$3.75M	0.7%	—	—	PUT	770700952
IWM	ISHARES TR	12,306	$3.697M	0.7%	$300.45	—	RUSSELL 2000 ETF	464287655
XYZ	BLOCK INC	40,250	$3.059M	0.6%	$76.00	—	CL A	852234103
BCO	BRINKS CO	30,719	$2.903M	0.6%	$94.49	—	COM	109696104
BURL	BURLINGTON STORES INC	8,104	$2.567M	0.5%	$316.80	—	COM	122017106
VEEV	VEEVA SYS INC	14,050	$2.493M	0.5%	$177.47	—	CL A COM	922475108
KARO	KAROOOOO LTD	46,504	$2.295M	0.4%	$49.36	—	ORD SHS	Y4600W108
BTBT	BIT DIGITAL INC	1,250,000	$2.25M	0.4%	$1.80	—	SHS	G1144A105
ZM	ZOOM COMMUNICATIONS INC	24,310	$2.098M	0.4%	$86.31	—	CL A	98980L101
FOX	FOX CORP	39,500	$1.85M	0.4%	$46.84	—	CL B COM	35137L204
LE	LANDS END INC NEW	149,171	$1.563M	0.3%	$10.48	—	COM	51509F105
VNCE	VINCE HLDG CORP	195,336	$1.397M	0.3%	$7.15	—	COM NEW	92719W207
LOCO	EL POLLO LOCO HLDGS INC	79,833	$1.354M	0.3%	$16.96	—	COM	268603107
—	AST SPACEMOBILE INC	14,700	$1.306M	0.3%	—	—	CALL	00217D900
ALG	ALAMO GROUP INC	7,456	$1.226M	0.2%	$164.49	—	COM	011311107
—	SPACE EXPLORATION TECHN CORP	7,000	$1.196M	0.2%	—	—	CALL	84615Q903
GFS	GLOBALFOUNDRIES INC	14,007	$1.154M	0.2%	$82.41	—	ORDINARY SHARES	G39387108
ALPXU	ALPEX ACQUISITION CORP	100,000	$1.002M	0.2%	$10.02	—	UNIT 06/05/2031	G63325123
—	AXT INC	13,000	$937K	0.2%	—	—	PUT	00246W953
STM	STMICROELECTRONICS N V	11,892	$891K	0.2%	$74.89	—	NY REGISTRY	861012102
QLEP	QUANTUM LEAP ACQUISITION COR	75,000	$745K	0.1%	$9.93	—	CL A ORD SHS	G73167101
MTUM	ISHARES TR	2,064	$708K	0.1%	$342.83	—	MSCI USA MMENTM	46432F396
OCAC/U	OCEAN CAP ACQUISITION CORP	50,000	$512K	0.1%	$10.23	—	UNIT 99/99/9999	G66903132
MPWR	MONOLITHIC PWR SYS INC	278	$384K	0.1%	$1382.36	—	COM	609839105
SILC	SILICOM LTD	6,976	$334K	0.1%	$47.94	—	ORD	M84116108
CXW	CORECIVIC INC	8,042	$244K	0.0%	$30.38	—	COM	21871N101
EXTR	EXTREME NETWORKS INC	6,972	$226K	0.0%	$32.37	—	COM	30226D106
HOV	HOVNANIAN ENTERPRISES INC	1,537	$219K	0.0%	$142.41	—	CL A NEW	442487401
MTH	MERITAGE HOMES CORP	2,564	$215K	0.0%	$83.85	—	COM	59001A102
LAKE	LAKELAND INDS INC	20,000	$214K	0.0%	$10.69	—	COM	511795106
SENEA	SENECA FOODS CORP NEW	1,153	$201K	0.0%	$173.94	—	CL A	817070501
MHO	M/I HOMES INC	1,247	$201K	0.0%	$160.79	—	COM	55305B101
VMD	VIEMED HEALTHCARE INC	17,013	$194K	0.0%	$11.40	—	COM	92663R105
ACEL	ACCEL ENTERTAINMENT INC	13,950	$176K	0.0%	$12.61	—	COM CL A1	00436Q106
NMRK	NEWMARK GROUP INC	10,058	$152K	0.0%	$15.11	—	CL A	65158N102
ECVT	ECOVYST INC	10,802	$134K	0.0%	$12.45	—	COM	27923Q109
QLEP/WS	QUANTUM LEAP ACQUISITION COR	75,000	$9,750	0.0%	$0.13	—	*W EXP 03/11/202	G73167127

Increased Positions (74)

QQQ INVESCO QQQ TR 7.3%

Value $37.37M (+252.6%) Shares 50,743 (+176.3%) Est. Cost $656.98 Unrealized —

— D-WAVE QUANTUM INC 5.5%

Value $28.15M (+85.4%) Shares 1,173,200 (+11.5%) Est. Cost — Unrealized —

— TESLA INC 4.9%

Value $25.24M (+69.7%) Shares 60,000 (+50.0%) Est. Cost — Unrealized —

— AXT INC 3.2%

Value $16.41M (+74.8%) Shares 227,700 (+38.2%) Est. Cost — Unrealized —

DAL DELTA AIR LINES INC 2.8%

Value $14.52M (+52.3%) Shares 154,988 (+8.1%) Est. Cost $50.33 Unrealized —

COHR COHERENT CORP 1.2%

Value $6.065M (+174.8%) Shares 15,374 (+66.0%) Est. Cost $285.33 Unrealized —

RCKY ROCKY BRANDS INC 1.5%

Value $7.668M (+75.7%) Shares 185,944 (+64.9%) Est. Cost $35.22 Unrealized —

ACN ACCENTURE PLC IRELAND 0.8%

Value $4.073M (-32.2%) Shares 32,728 (+8.1%) Est. Cost $291.14 Unrealized —

TOST TOAST INC 1.1%

Value $5.605M (+45.8%) Shares 201,480 (+39.0%) Est. Cost $30.12 Unrealized —

EXP EAGLE MATLS INC 0.6%

Value $2.881M (+129.9%) Shares 12,804 (+93.6%) Est. Cost $223.49 Unrealized —

LIND LINDBLAD EXPEDITIONS HLDGS I 0.5%

Value $2.608M (+154.5%) Shares 92,345 (+55.9%) Est. Cost $20.20 Unrealized —

ITIC INVESTORS TITLE CO NC 1.1%

Value $5.606M (+36.1%) Shares 20,483 (+8.1%) Est. Cost $202.91 Unrealized —

APPF APPFOLIO INC 0.4%

Value $2.142M (+171.5%) Shares 13,360 (+167.2%) Est. Cost $175.28 Unrealized —

POWW OUTDOOR HOLDING CO 0.3%

Value $1.416M (+1894.8%) Shares 621,132 (+1658.6%) Est. Cost $2.25 Unrealized —

ACIW ACI WORLDWIDE INC 0.9%

Value $4.702M (+32.5%) Shares 93,494 (+8.1%) Est. Cost $44.58 Unrealized —

EVI EVI INDS INC 0.4%

Value $1.973M (+129.0%) Shares 133,503 (+218.8%) Est. Cost $17.64 Unrealized —

SSD SIMPSON MFG INC 0.9%

Value $4.594M (+31.8%) Shares 21,945 (+8.1%) Est. Cost $184.69 Unrealized —

ANF ABERCROMBIE & FITCH CO 0.4%

Value $2.065M (+105.4%) Shares 22,940 (+108.5%) Est. Cost $95.90 Unrealized —

LYTS LSI INDS INC OHIO 0.6%

Value $2.966M (+54.4%) Shares 111,574 (+8.1%) Est. Cost $17.76 Unrealized —

BBCP CONCRETE PUMPING HLDGS INC 0.5%

Value $2.334M (+73.5%) Shares 193,704 (+2.8%) Est. Cost $6.85 Unrealized —

PAAS PAN AMERN SILVER CORP 1.3%

Value $6.865M (-11.5%) Shares 153,406 (+8.0%) Est. Cost $57.39 Unrealized —

BKNG BOOKING HOLDINGS INC 1.4%

Value $7.13M (+14.2%) Shares 40,005 (+7.9%) Est. Cost $4421.15 Unrealized —

TPB TURNING PT BRANDS INC 1.9%

Value $9.733M (+8.7%) Shares 114,763 (+11.2%) Est. Cost $44.11 Unrealized —

ELMD ELECTROMED INC 0.3%

Value $1.524M (+95.3%) Shares 36,022 (+8.1%) Est. Cost $17.59 Unrealized —

MSFT MICROSOFT CORP 1.6%

Value $8.198M (+8.9%) Shares 21,977 (+8.1%) Est. Cost $320.27 Unrealized —

V VISA INC 0.7%

Value $3.406M (+22.7%) Shares 9,928 (+8.1%) Est. Cost $223.25 Unrealized —

HD HOME DEPOT INC 0.8%

Value $4.084M (+15.8%) Shares 11,580 (+8.0%) Est. Cost $354.54 Unrealized —

AMZN AMAZON COM INC 0.5%

Value $2.566M (+23.6%) Shares 10,768 (+8.0%) Est. Cost $227.69 Unrealized —

HLIT HARMONIC INC 0.1%

Value $653K (+231.5%) Shares 40,000 (+82.3%) Est. Cost $12.90 Unrealized —

BWEN BROADWIND INC 0.1%

Value $756K (+150.7%) Shares 156,500 (+8.0%) Est. Cost $2.83 Unrealized —

BKTI BK TECHNOLOGIES CORPORATION 0.4%

Value $2.22M (+24.3%) Shares 25,822 (+7.9%) Est. Cost $79.84 Unrealized —

CVCO CAVCO INDS INC DEL 0.2%

Value $947K (+76.4%) Shares 1,541 (+39.1%) Est. Cost $495.08 Unrealized —

EVTC EVERTEC INC 1.1%

Value $5.589M (+6.4%) Shares 201,170 (+8.1%) Est. Cost $32.38 Unrealized —

ESOA ENERGY SERVICES OF AMER CORP 0.2%

Value $890K (+53.7%) Shares 46,043 (+4.4%) Est. Cost $10.87 Unrealized —

RIVN RIVIAN AUTOMOTIVE INC 0.3%

Value $1.438M (+24.6%) Shares 82,860 (+8.1%) Est. Cost $16.40 Unrealized —

G GENPACT LIMITED 0.2%

Value $1.106M (-20.2%) Shares 40,212 (+8.1%) Est. Cost $37.74 Unrealized —

MOD MODINE MFG CO 0.2%

Value $1.104M (+33.2%) Shares 4,136 (+8.1%) Est. Cost $35.06 Unrealized —

HCKT HACKETT GROUP INC 0.4%

Value $2.296M (-10.5%) Shares 213,195 (+8.1%) Est. Cost $20.69 Unrealized —

YUM YUM BRANDS INC 0.5%

Value $2.647M (+11.1%) Shares 16,557 (+8.1%) Est. Cost $147.01 Unrealized —

EQT EQT CORP 0.5%

Value $2.461M (-9.7%) Shares 46,291 (+8.1%) Est. Cost $45.78 Unrealized —

VST VISTRA CORP 0.4%

Value $1.928M (+14.1%) Shares 12,153 (+8.1%) Est. Cost $162.84 Unrealized —

— HIGHLAND OPPS & INCOME FD 0.2%

Value $1.025M (+29.9%) Shares 143,706 (+4.1%) Est. Cost $8.05 Unrealized —

RELL RICHARDSON ELECTRS LTD 0.1%

Value $491K (+87.6%) Shares 25,815 (+8.1%) Est. Cost $13.28 Unrealized —

NVR NVR INC 0.5%

Value $2.419M (+9.6%) Shares 355 (+6.0%) Est. Cost $7047.57 Unrealized —

IRMD IRADIMED CORP 0.6%

Value $3.102M (+7.1%) Shares 32,463 (+7.9%) Est. Cost $55.78 Unrealized —

FSBW FS BANCORP INC 0.3%

Value $1.53M (+15.2%) Shares 35,264 (+2.4%) Est. Cost $32.66 Unrealized —

ETHE GRAYSCALE ETHEREUM STAKING E 0.1%

Value $701K (-19.2%) Shares 54,900 (+8.1%) Est. Cost $22.73 Unrealized —

DDI DOUBLEDOWN INTERACTIVE CO LT 0.1%

Value $490K (+46.8%) Shares 42,671 (+8.1%) Est. Cost $11.34 Unrealized —

XLU SELECT SECTOR SPDR TR 0.5%

Value $2.367M (+6.8%) Shares 52,208 (+8.1%) Est. Cost $51.93 Unrealized —

SII SPROTT INC 0.2%

Value $852K (-15.0%) Shares 7,584 (+8.1%) Est. Cost $51.97 Unrealized —

RYN RAYONIER INC 0.2%

Value $1.147M (+11.5%) Shares 53,902 (+8.1%) Est. Cost $20.67 Unrealized —

BNTX BIONTECH SE 0.2%

Value $1.004M (+13.0%) Shares 10,790 (+7.9%) Est. Cost $106.19 Unrealized —

DORM DORMAN PRODS INC 0.1%

Value $367K (+41.3%) Shares 2,690 (+8.0%) Est. Cost $114.11 Unrealized —

CRNT CERAGON NETWORKS LTD 0.1%

Value $456K (+29.6%) Shares 176,103 (+8.1%) Est. Cost $3.14 Unrealized —

MA MASTERCARD INCORPORATED 0.2%

Value $1.006M (+11.3%) Shares 1,958 (+8.3%) Est. Cost $375.46 Unrealized —

FWONA LIBERTY MEDIA CORP DEL 0.1%

Value $760K (+13.3%) Shares 8,683 (+1.0%) Est. Cost $64.48 Unrealized —

HSAI HESAI GROUP 0.6%

Value $3.194M (+2.8%) Shares 175,326 (+7.9%) Est. Cost $23.98 Unrealized —

PAYX PAYCHEX INC 0.1%

Value $567K (+15.3%) Shares 5,770 (+8.1%) Est. Cost $79.81 Unrealized —

BOND PIMCO ETF TR 0.2%

Value $1.022M (+7.8%) Shares 11,078 (+7.9%) Est. Cost $93.97 Unrealized —

— NXG NEXTGEN INFRASTR INCM FD 0.1%

Value $294K (+27.3%) Shares 4,544 (+8.1%) Est. Cost $55.66 Unrealized —

NPK NATIONAL PRESTO INDS INC 0.2%

Value $1.046M (-4.9%) Shares 8,371 (+4.3%) Est. Cost $116.68 Unrealized —

MELI MERCADOLIBRE INC 0.2%

Value $842K (+6.8%) Shares 496 (+8.8%) Est. Cost $1961.75 Unrealized —

— KAYNE ANDERSON ENERGY INFRST 0.2%

Value $1.166M (+4.7%) Shares 84,294 (+8.1%) Est. Cost $10.16 Unrealized —

AB ALLIANCEBERNSTEIN HLDG L P 0.4%

Value $1.858M (+1.7%) Shares 52,746 (+8.1%) Est. Cost $35.41 Unrealized —

SPH SUBURBAN PROPANE PARTNERS L 0.1%

Value $448K (-6.1%) Shares 26,222 (+8.1%) Est. Cost $15.83 Unrealized —

KMDA KAMADA LTD 0.1%

Value $264K (-8.1%) Shares 36,031 (+4.5%) Est. Cost $5.39 Unrealized —

ERII ENERGY RECOVERY INC 0.0%

Value $170K (+15.7%) Shares 18,831 (+29.2%) Est. Cost $13.75 Unrealized —

CATO CATO CORP NEW 0.0%

Value $150K (+17.5%) Shares 46,319 (+2.6%) Est. Cost $9.25 Unrealized —

BWXT BWX TECHNOLOGIES INC 0.4%

Value $2.072M (+1.1%) Shares 10,646 (+6.2%) Est. Cost $79.40 Unrealized —

SSNC SS&C TECH HLDGS 0.5%

Value $2.671M (-0.8%) Shares 43,049 (+8.1%) Est. Cost $67.88 Unrealized —

GGG GRACO INC 0.1%

Value $437K (-3.5%) Shares 5,781 (+8.0%) Est. Cost $82.31 Unrealized —

CCJ CAMECO CORP 0.6%

Value $2.875M (+0.4%) Shares 28,229 (+7.0%) Est. Cost $50.90 Unrealized —

GNSS GENASYS INC 0.0%

Value $217K (-2.9%) Shares 127,454 (+3.9%) Est. Cost $2.86 Unrealized —

BSM BLACK STONE MINERALS L P 0.1%

Value $639K (-0.2%) Shares 45,740 (+8.1%) Est. Cost $11.75 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	50,743 (+176.3%)	$37.37M (+252.6%)	7.3%	$656.98	—	UNIT SER 1	46090E103
—	D-WAVE QUANTUM INC	1,173,200 (+11.5%)	$28.15M (+85.4%)	5.5%	—	—	PUT	26740W959
—	TESLA INC	60,000 (+50.0%)	$25.24M (+69.7%)	4.9%	—	—	PUT	88160R951
—	AXT INC	227,700 (+38.2%)	$16.41M (+74.8%)	3.2%	—	—	CALL	00246W903
DAL	DELTA AIR LINES INC	154,988 (+8.1%)	$14.52M (+52.3%)	2.8%	$50.33	—	COM NEW	247361702
COHR	COHERENT CORP	15,374 (+66.0%)	$6.065M (+174.8%)	1.2%	$285.33	—	COM	19247G107
RCKY	ROCKY BRANDS INC	185,944 (+64.9%)	$7.668M (+75.7%)	1.5%	$35.22	—	COM	774515100
ACN	ACCENTURE PLC IRELAND	32,728 (+8.1%)	$4.073M (-32.2%)	0.8%	$291.14	—	SHS CLASS A	G1151C101
TOST	TOAST INC	201,480 (+39.0%)	$5.605M (+45.8%)	1.1%	$30.12	—	CL A	888787108
EXP	EAGLE MATLS INC	12,804 (+93.6%)	$2.881M (+129.9%)	0.6%	$223.49	—	COM	26969P108
LIND	LINDBLAD EXPEDITIONS HLDGS I	92,345 (+55.9%)	$2.608M (+154.5%)	0.5%	$20.20	—	COM	535219109
ITIC	INVESTORS TITLE CO NC	20,483 (+8.1%)	$5.606M (+36.1%)	1.1%	$202.91	—	COM	461804106
APPF	APPFOLIO INC	13,360 (+167.2%)	$2.142M (+171.5%)	0.4%	$175.28	—	COM CL A	03783C100
POWW	OUTDOOR HOLDING CO	621,132 (+1658.6%)	$1.416M (+1894.8%)	0.3%	$2.25	—	COM	00175J107
ACIW	ACI WORLDWIDE INC	93,494 (+8.1%)	$4.702M (+32.5%)	0.9%	$44.58	—	COM	004498101
EVI	EVI INDS INC	133,503 (+218.8%)	$1.973M (+129.0%)	0.4%	$17.64	—	COM	26929N102
SSD	SIMPSON MFG INC	21,945 (+8.1%)	$4.594M (+31.8%)	0.9%	$184.69	—	COM	829073105
ANF	ABERCROMBIE & FITCH CO	22,940 (+108.5%)	$2.065M (+105.4%)	0.4%	$95.90	—	CL A	002896207
LYTS	LSI INDS INC OHIO	111,574 (+8.1%)	$2.966M (+54.4%)	0.6%	$17.76	—	COM	50216C108
BBCP	CONCRETE PUMPING HLDGS INC	193,704 (+2.8%)	$2.334M (+73.5%)	0.5%	$6.85	—	COM	206704108
PAAS	PAN AMERN SILVER CORP	153,406 (+8.0%)	$6.865M (-11.5%)	1.3%	$57.39	—	COM	697900108
BKNG	BOOKING HOLDINGS INC	40,005 (+7.9%)	$7.13M (+14.2%)	1.4%	$4421.15	—	COM	09857L108
TPB	TURNING PT BRANDS INC	114,763 (+11.2%)	$9.733M (+8.7%)	1.9%	$44.11	—	COM	90041L105
ELMD	ELECTROMED INC	36,022 (+8.1%)	$1.524M (+95.3%)	0.3%	$17.59	—	COM	285409108
MSFT	MICROSOFT CORP	21,977 (+8.1%)	$8.198M (+8.9%)	1.6%	$320.27	—	COM	594918104
V	VISA INC	9,928 (+8.1%)	$3.406M (+22.7%)	0.7%	$223.25	—	COM CL A	92826C839
HD	HOME DEPOT INC	11,580 (+8.0%)	$4.084M (+15.8%)	0.8%	$354.54	—	COM	437076102
AMZN	AMAZON COM INC	10,768 (+8.0%)	$2.566M (+23.6%)	0.5%	$227.69	—	COM	023135106
HLIT	HARMONIC INC	40,000 (+82.3%)	$653K (+231.5%)	0.1%	$12.90	—	COM	413160102
BWEN	BROADWIND INC	156,500 (+8.0%)	$756K (+150.7%)	0.1%	$2.83	—	COM NEW	11161T207
BKTI	BK TECHNOLOGIES CORPORATION	25,822 (+7.9%)	$2.22M (+24.3%)	0.4%	$79.84	—	COM NEW	05587G203
CVCO	CAVCO INDS INC DEL	1,541 (+39.1%)	$947K (+76.4%)	0.2%	$495.08	—	COM	149568107
EVTC	EVERTEC INC	201,170 (+8.1%)	$5.589M (+6.4%)	1.1%	$32.38	—	COM	30040P103
ESOA	ENERGY SERVICES OF AMER CORP	46,043 (+4.4%)	$890K (+53.7%)	0.2%	$10.87	—	COM	29271Q103
RIVN	RIVIAN AUTOMOTIVE INC	82,860 (+8.1%)	$1.438M (+24.6%)	0.3%	$16.40	—	COM CL A	76954A103
G	GENPACT LIMITED	40,212 (+8.1%)	$1.106M (-20.2%)	0.2%	$37.74	—	SHS	G3922B107
MOD	MODINE MFG CO	4,136 (+8.1%)	$1.104M (+33.2%)	0.2%	$35.06	—	COM	607828100
HCKT	HACKETT GROUP INC	213,195 (+8.1%)	$2.296M (-10.5%)	0.4%	$20.69	—	COM	404609109
YUM	YUM BRANDS INC	16,557 (+8.1%)	$2.647M (+11.1%)	0.5%	$147.01	—	COM	988498101
EQT	EQT CORP	46,291 (+8.1%)	$2.461M (-9.7%)	0.5%	$45.78	—	COM	26884L109
VST	VISTRA CORP	12,153 (+8.1%)	$1.928M (+14.1%)	0.4%	$162.84	—	COM	92840M102
—	HIGHLAND OPPS & INCOME FD	143,706 (+4.1%)	$1.025M (+29.9%)	0.2%	$8.05	—	HIGHLAND INCOME	43010E404
RELL	RICHARDSON ELECTRS LTD	25,815 (+8.1%)	$491K (+87.6%)	0.1%	$13.28	—	COM	763165107
NVR	NVR INC	355 (+6.0%)	$2.419M (+9.6%)	0.5%	$7047.57	—	COM	62944T105
IRMD	IRADIMED CORP	32,463 (+7.9%)	$3.102M (+7.1%)	0.6%	$55.78	—	COM	46266A109
FSBW	FS BANCORP INC	35,264 (+2.4%)	$1.53M (+15.2%)	0.3%	$32.66	—	COM	30263Y104
ETHE	GRAYSCALE ETHEREUM STAKING E	54,900 (+8.1%)	$701K (-19.2%)	0.1%	$22.73	—	SHS	389638107
DDI	DOUBLEDOWN INTERACTIVE CO LT	42,671 (+8.1%)	$490K (+46.8%)	0.1%	$11.34	—	ADS	25862B109
XLU	SELECT SECTOR SPDR TR	52,208 (+8.1%)	$2.367M (+6.8%)	0.5%	$51.93	—	ST STR UTIL ETF	81369Y886
SII	SPROTT INC	7,584 (+8.1%)	$852K (-15.0%)	0.2%	$51.97	—	COM NEW	852066208
RYN	RAYONIER INC	53,902 (+8.1%)	$1.147M (+11.5%)	0.2%	$20.67	—	COM	754907103
BNTX	BIONTECH SE	10,790 (+7.9%)	$1.004M (+13.0%)	0.2%	$106.19	—	SPONSORED ADS	09075V102
DORM	DORMAN PRODS INC	2,690 (+8.0%)	$367K (+41.3%)	0.1%	$114.11	—	COM	258278100
CRNT	CERAGON NETWORKS LTD	176,103 (+8.1%)	$456K (+29.6%)	0.1%	$3.14	—	ORD	M22013102
MA	MASTERCARD INCORPORATED	1,958 (+8.3%)	$1.006M (+11.3%)	0.2%	$375.46	—	CL A	57636Q104
FWONA	LIBERTY MEDIA CORP DEL	8,683 (+1.0%)	$760K (+13.3%)	0.1%	$64.48	—	COM LBTY ONE S A	531229771
HSAI	HESAI GROUP	175,326 (+7.9%)	$3.194M (+2.8%)	0.6%	$23.98	—	SPONSORED ADS	428050108
PAYX	PAYCHEX INC	5,770 (+8.1%)	$567K (+15.3%)	0.1%	$79.81	—	COM	704326107
BOND	PIMCO ETF TR	11,078 (+7.9%)	$1.022M (+7.8%)	0.2%	$93.97	—	ACTIVE BD ETF	72201R775
—	NXG NEXTGEN INFRASTR INCM FD	4,544 (+8.1%)	$294K (+27.3%)	0.1%	$55.66	—	COM	231647207
NPK	NATIONAL PRESTO INDS INC	8,371 (+4.3%)	$1.046M (-4.9%)	0.2%	$116.68	—	COM	637215104
MELI	MERCADOLIBRE INC	496 (+8.8%)	$842K (+6.8%)	0.2%	$1961.75	—	COM	58733R102
—	KAYNE ANDERSON ENERGY INFRST	84,294 (+8.1%)	$1.166M (+4.7%)	0.2%	$10.16	—	COM	486606106
AB	ALLIANCEBERNSTEIN HLDG L P	52,746 (+8.1%)	$1.858M (+1.7%)	0.4%	$35.41	—	UNIT LTD PARTN	01881G106
SPH	SUBURBAN PROPANE PARTNERS L	26,222 (+8.1%)	$448K (-6.1%)	0.1%	$15.83	—	UNIT LTD PARTN	864482104
KMDA	KAMADA LTD	36,031 (+4.5%)	$264K (-8.1%)	0.1%	$5.39	—	SHS	M6240T109
ERII	ENERGY RECOVERY INC	18,831 (+29.2%)	$170K (+15.7%)	0.0%	$13.75	—	COM	29270J100
CATO	CATO CORP NEW	46,319 (+2.6%)	$150K (+17.5%)	0.0%	$9.25	—	CL A	149205106
BWXT	BWX TECHNOLOGIES INC	10,646 (+6.2%)	$2.072M (+1.1%)	0.4%	$79.40	—	COM	05605H100
SSNC	SS&C TECH HLDGS	43,049 (+8.1%)	$2.671M (-0.8%)	0.5%	$67.88	—	COM	78467J100
GGG	GRACO INC	5,781 (+8.0%)	$437K (-3.5%)	0.1%	$82.31	—	COM	384109104
CCJ	CAMECO CORP	28,229 (+7.0%)	$2.875M (+0.4%)	0.6%	$50.90	—	COM	13321L108
GNSS	GENASYS INC	127,454 (+3.9%)	$217K (-2.9%)	0.0%	$2.86	—	COM	36872P103
BSM	BLACK STONE MINERALS L P	45,740 (+8.1%)	$639K (-0.2%)	0.1%	$11.75	—	COM UNIT	09225M101

Exited Positions (51)

— STATE STR SPDR S&P 500 ETF T 14.3%

Value $73.55M Shares 113,100 Est. Cost — Unrealized —

— CVR PARTNERS LP/CVR NITROGEN 2.5%

Value $12.67M Shares 100,000 Est. Cost — Unrealized —

IJR ISHARES TR 1.8%

Value $9.004M Shares 72,428 Est. Cost $116.62 Unrealized —

— AVIS BUDGET GROUP INC 1.1%

Value $5.834M Shares 40,000 Est. Cost — Unrealized —

— META PLATFORMS INC 1.1%

Value $5.721M Shares 10,000 Est. Cost — Unrealized —

— ISHARES BITCOIN TRUST ETF 0.9%

Value $4.534M Shares 118,000 Est. Cost — Unrealized —

— ACCENTURE PLC IRELAND 0.7%

Value $3.569M Shares 18,000 Est. Cost — Unrealized —

AVNW AVIAT NETWORKS INC 0.5%

Value $2.593M Shares 114,691 Est. Cost $29.26 Unrealized —

ARKB ARK 21SHARES BITCOIN ETF 0.3%

Value $1.639M Shares 72,857 Est. Cost $40.71 Unrealized —

LAD LITHIA MTRS INC 0.1%

Value $771K Shares 3,086 Est. Cost $329.77 Unrealized —

META META PLATFORMS INC 0.1%

Value $629K Shares 1,100 Est. Cost $655.57 Unrealized —

NVRI ENVIRI CORP 0.1%

Value $449K Shares 22,887 Est. Cost $15.38 Unrealized —

— ANAVEX LIFE SCIENCES CORP 0.1%

Value $338K Shares 110,000 Est. Cost — Unrealized —

REX REX AMERICAN RES CORP 0.1%

Value $335K Shares 7,342 Est. Cost $28.48 Unrealized —

BFAM BRIGHT HORIZONS FAM SOL IN D 0.1%

Value $299K Shares 3,635 Est. Cost $88.60 Unrealized —

CVSA COVISTA INC 0.1%

Value $291K Shares 2,528 Est. Cost $113.22 Unrealized —

HAFN HAFNIA LTD 0.1%

Value $288K Shares 37,882 Est. Cost $5.99 Unrealized —

PDS PRECISION DRILLING CORP 0.1%

Value $276K Shares 2,809 Est. Cost $61.41 Unrealized —

CARG CARGURUS INC 0.1%

Value $270K Shares 7,920 Est. Cost $30.78 Unrealized —

NMM NAVIOS MARITIME PARTNERS LP 0.1%

Value $262K Shares 3,877 Est. Cost $37.68 Unrealized —

LOPE GRAND CANYON ED INC 0.1%

Value $258K Shares 1,520 Est. Cost $149.45 Unrealized —

DAC DANAOS CORPORATION 0.0%

Value $257K Shares 2,278 Est. Cost $81.98 Unrealized —

NWPX NWPX INFRASTRUCTURE INC 0.0%

Value $252K Shares 3,242 Est. Cost $57.66 Unrealized —

SCSC SCANSOURCE INC 0.0%

Value $251K Shares 6,903 Est. Cost $39.44 Unrealized —

IDT IDT CORP 0.0%

Value $248K Shares 5,047 Est. Cost $49.98 Unrealized —

MTCH MATCH GROUP INC NEW 0.0%

Value $244K Shares 7,961 Est. Cost $31.40 Unrealized —

BCPC BALCHEM CORP 0.0%

Value $244K Shares 1,441 Est. Cost $169.16 Unrealized —

MCRI MONARCH CASINO & RESORT INC 0.0%

Value $244K Shares 2,554 Est. Cost $99.66 Unrealized —

BYD BOYD GAMING CORP 0.0%

Value $240K Shares 2,925 Est. Cost $82.79 Unrealized —

ENS ENERSYS 0.0%

Value $233K Shares 1,344 Est. Cost $171.38 Unrealized —

CENTA CENTRAL GARDEN & PET CO 0.0%

Value $233K Shares 7,189 Est. Cost $31.51 Unrealized —

AN AUTONATION INC 0.0%

Value $229K Shares 1,173 Est. Cost $209.36 Unrealized —

FTDR FRONTDOOR INC 0.0%

Value $225K Shares 4,256 Est. Cost $51.54 Unrealized —

TBLA TABOOLA.COM LTD 0.0%

Value $222K Shares 71,757 Est. Cost $3.42 Unrealized —

CNXN PC CONNECTION INC 0.0%

Value $220K Shares 3,763 Est. Cost $59.98 Unrealized —

OTEX OPEN TEXT CORP 0.0%

Value $219K Shares 9,867 Est. Cost $26.82 Unrealized —

EPAC ENERPAC TOOL GROUP CORP 0.0%

Value $219K Shares 6,012 Est. Cost $39.77 Unrealized —

DOX AMDOCS LTD 0.0%

Value $218K Shares 3,348 Est. Cost $81.72 Unrealized —

PHIN PHINIA INC 0.0%

Value $218K Shares 3,180 Est. Cost $41.60 Unrealized —

VMI VALMONT INDS INC 0.0%

Value $216K Shares 541 Est. Cost $448.65 Unrealized —

FTK FLOTEK INDUSTRIES INC 0.0%

Value $213K Shares 12,539 Est. Cost $12.78 Unrealized —

CRAI CRA INTL INC 0.0%

Value $211K Shares 1,306 Est. Cost $188.30 Unrealized —

ATMU ATMUS FILTRATION TECHNOLOGIE 0.0%

Value $211K Shares 3,721 Est. Cost $35.53 Unrealized —

CGNX COGNEX CORP 0.0%

Value $207K Shares 4,230 Est. Cost $44.48 Unrealized —

BRC BRADY CORP 0.0%

Value $205K Shares 2,525 Est. Cost $87.64 Unrealized —

TNC TENNANT CO 0.0%

Value $204K Shares 3,079 Est. Cost $76.41 Unrealized —

ADT ADT INC DEL 0.0%

Value $204K Shares 31,006 Est. Cost $8.38 Unrealized —

TMHC TAYLOR MORRISON HOME CORP 0.0%

Value $202K Shares 3,474 Est. Cost $63.93 Unrealized —

FELE FRANKLIN ELEC INC 0.0%

Value $202K Shares 2,189 Est. Cost $94.09 Unrealized —

VNT VONTIER CORPORATION 0.0%

Value $201K Shares 5,666 Est. Cost $36.97 Unrealized —

VRRM VERRA MOBILITY CORP 0.0%

Value $187K Shares 13,105 Est. Cost $23.51 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	STATE STR SPDR S&P 500 ETF T	113,100	$73.55M	14.3%	—	—	PUT	78462F953
—	CVR PARTNERS LP/CVR NITROGEN	100,000	$12.67M	2.5%	—	—	CALL	126633905
IJR	ISHARES TR	72,428	$9.004M	1.8%	$116.62	—	—	464287804
—	AVIS BUDGET GROUP INC	40,000	$5.834M	1.1%	—	—	PUT	053774955
—	META PLATFORMS INC	10,000	$5.721M	1.1%	—	—	CALL	30303M902
—	ISHARES BITCOIN TRUST ETF	118,000	$4.534M	0.9%	—	—	PUT	46438F951
—	ACCENTURE PLC IRELAND	18,000	$3.569M	0.7%	—	—	CALL	G1151C901
AVNW	AVIAT NETWORKS INC	114,691	$2.593M	0.5%	$29.26	—	—	05366Y201
ARKB	ARK 21SHARES BITCOIN ETF	72,857	$1.639M	0.3%	$40.71	—	—	040919102
LAD	LITHIA MTRS INC	3,086	$771K	0.1%	$329.77	—	—	536797103
META	META PLATFORMS INC	1,100	$629K	0.1%	$655.57	—	—	30303M102
NVRI	ENVIRI CORP	22,887	$449K	0.1%	$15.38	—	—	415864107
—	ANAVEX LIFE SCIENCES CORP	110,000	$338K	0.1%	—	—	PUT	032797950
REX	REX AMERICAN RES CORP	7,342	$335K	0.1%	$28.48	—	—	761624105
BFAM	BRIGHT HORIZONS FAM SOL IN D	3,635	$299K	0.1%	$88.60	—	—	109194100
CVSA	COVISTA INC	2,528	$291K	0.1%	$113.22	—	—	00737L103
HAFN	HAFNIA LTD	37,882	$288K	0.1%	$5.99	—	—	Y2990R101
PDS	PRECISION DRILLING CORP	2,809	$276K	0.1%	$61.41	—	—	74022D407
CARG	CARGURUS INC	7,920	$270K	0.1%	$30.78	—	—	141788109
NMM	NAVIOS MARITIME PARTNERS LP	3,877	$262K	0.1%	$37.68	—	—	Y62267409
LOPE	GRAND CANYON ED INC	1,520	$258K	0.1%	$149.45	—	—	38526M106
DAC	DANAOS CORPORATION	2,278	$257K	0.0%	$81.98	—	—	Y1968P121
NWPX	NWPX INFRASTRUCTURE INC	3,242	$252K	0.0%	$57.66	—	—	667746101
SCSC	SCANSOURCE INC	6,903	$251K	0.0%	$39.44	—	—	806037107
IDT	IDT CORP	5,047	$248K	0.0%	$49.98	—	—	448947507
MTCH	MATCH GROUP INC NEW	7,961	$244K	0.0%	$31.40	—	—	57667L107
BCPC	BALCHEM CORP	1,441	$244K	0.0%	$169.16	—	—	057665200
MCRI	MONARCH CASINO & RESORT INC	2,554	$244K	0.0%	$99.66	—	—	609027107
BYD	BOYD GAMING CORP	2,925	$240K	0.0%	$82.79	—	—	103304101
ENS	ENERSYS	1,344	$233K	0.0%	$171.38	—	—	29275Y102
CENTA	CENTRAL GARDEN & PET CO	7,189	$233K	0.0%	$31.51	—	—	153527205
AN	AUTONATION INC	1,173	$229K	0.0%	$209.36	—	—	05329W102
FTDR	FRONTDOOR INC	4,256	$225K	0.0%	$51.54	—	—	35905A109
TBLA	TABOOLA.COM LTD	71,757	$222K	0.0%	$3.42	—	—	M8744T106
CNXN	PC CONNECTION INC	3,763	$220K	0.0%	$59.98	—	—	69318J100
OTEX	OPEN TEXT CORP	9,867	$219K	0.0%	$26.82	—	—	683715106
EPAC	ENERPAC TOOL GROUP CORP	6,012	$219K	0.0%	$39.77	—	—	292765104
DOX	AMDOCS LTD	3,348	$218K	0.0%	$81.72	—	—	G02602103
PHIN	PHINIA INC	3,180	$218K	0.0%	$41.60	—	—	71880K101
VMI	VALMONT INDS INC	541	$216K	0.0%	$448.65	—	—	920253101
FTK	FLOTEK INDUSTRIES INC	12,539	$213K	0.0%	$12.78	—	—	343389409
CRAI	CRA INTL INC	1,306	$211K	0.0%	$188.30	—	—	12618T105
ATMU	ATMUS FILTRATION TECHNOLOGIE	3,721	$211K	0.0%	$35.53	—	—	04956D107
CGNX	COGNEX CORP	4,230	$207K	0.0%	$44.48	—	—	192422103
BRC	BRADY CORP	2,525	$205K	0.0%	$87.64	—	—	104674106
TNC	TENNANT CO	3,079	$204K	0.0%	$76.41	—	—	880345103
ADT	ADT INC DEL	31,006	$204K	0.0%	$8.38	—	—	00090Q103
TMHC	TAYLOR MORRISON HOME CORP	3,474	$202K	0.0%	$63.93	—	—	87724P106
FELE	FRANKLIN ELEC INC	2,189	$202K	0.0%	$94.09	—	—	353514102
VNT	VONTIER CORPORATION	5,666	$201K	0.0%	$36.97	—	—	928881101
VRRM	VERRA MOBILITY CORP	13,105	$187K	0.0%	$23.51	—	—	92511U102

Decreased Positions (22)

IBIT ISHARES BITCOIN TRUST ETF 0.9%

Value $4.755M (-53.0%) Shares 142,822 (-45.7%) Est. Cost $49.12 Unrealized —

ITRN ITURAN LOCATION AND CONTROL 1.8%

Value $9.413M (-27.5%) Shares 154,280 (-41.7%) Est. Cost $28.55 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 5.1%

Value $26.42M (+13.3%) Shares 35,379 (-1.3%) Est. Cost $591.56 Unrealized —

GOOGL ALPHABET INC 3.1%

Value $15.77M (+19.4%) Shares 44,118 (-3.9%) Est. Cost $132.81 Unrealized —

MAMA MAMAS CREATIONS INC 0.3%

Value $1.566M (-45.0%) Shares 87,753 (-52.7%) Est. Cost $6.67 Unrealized —

TTC TORO CO 0.2%

Value $887K (-52.5%) Shares 9,107 (-54.4%) Est. Cost $79.87 Unrealized —

— PURECYCLE TECHNOLOGIES INC 0.1%

Value $464K (-65.2%) Shares 57,200 (-77.8%) Est. Cost — Unrealized —

JOUT JOHNSON OUTDOORS INC 1.0%

Value $5.238M (-13.3%) Shares 113,770 (-12.4%) Est. Cost $40.39 Unrealized —

AKAM AKAMAI TECHNOLOGIES INC 0.5%

Value $2.555M (-21.2%) Shares 21,617 (-23.5%) Est. Cost $79.86 Unrealized —

ETON ETON PHARMACEUTICALS INC 1.0%

Value $5.264M (+14.6%) Shares 145,410 (-21.8%) Est. Cost $6.14 Unrealized —

FIVE FIVE BELOW INC 0.1%

Value $433K (-57.5%) Shares 2,410 (-46.0%) Est. Cost $201.61 Unrealized —

NL NLI HOLDINGS INC 0.4%

Value $1.862M (-23.4%) Shares 312,962 (-25.0%) Est. Cost $2.98 Unrealized —

ABNB AIRBNB INC 0.4%

Value $2.16M (-16.5%) Shares 15,091 (-26.3%) Est. Cost $130.27 Unrealized —

CRI CARTERS INC 1.2%

Value $6.27M (+6.9%) Shares 152,328 (-7.1%) Est. Cost $36.45 Unrealized —

MPTI M-TRON INDS INC 0.8%

Value $4.086M (-6.9%) Shares 41,209 (-37.3%) Est. Cost $53.75 Unrealized —

TLYS TILLYS INC 0.1%

Value $655K (-19.9%) Shares 155,878 (-22.8%) Est. Cost $3.27 Unrealized —

NATR NATURES SUNSHINE PRODS INC 0.3%

Value $1.313M (-10.5%) Shares 60,246 (-1.5%) Est. Cost $18.04 Unrealized —

RNW RENEW ENERGY GLOBAL PLC 0.1%

Value $659K (-8.7%) Shares 105,398 (-33.1%) Est. Cost $5.56 Unrealized —

KOPN KOPIN CORP 0.1%

Value $472K (-4.5%) Shares 105,338 (-52.0%) Est. Cost $2.66 Unrealized —

FTHM FATHOM HOLDINGS INC 0.0%

Value $43,396 (+50.9%) Shares 42,966 (-20.8%) Est. Cost $1.66 Unrealized —

— OKLO INC 0.3%

Value $1.34M (-1.0%) Shares 25,600 (-6.2%) Est. Cost — Unrealized —

INFQ INFLEQTION INC 0.2%

Value $1.177M (-0.7%) Shares 88,337 (-26.9%) Est. Cost $9.81 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IBIT	ISHARES BITCOIN TRUST ETF	142,822 (-45.7%)	$4.755M (-53.0%)	0.9%	$49.12	—	SHS BEN INT	46438F101
ITRN	ITURAN LOCATION AND CONTROL	154,280 (-41.7%)	$9.413M (-27.5%)	1.8%	$28.55	—	SHS	M6158M104
SPY	STATE STR SPDR S&P 500 ETF T	35,379 (-1.3%)	$26.42M (+13.3%)	5.1%	$591.56	—	TR UNIT	78462F103
GOOGL	ALPHABET INC	44,118 (-3.9%)	$15.77M (+19.4%)	3.1%	$132.81	—	CAP STK CL A	02079K305
MAMA	MAMAS CREATIONS INC	87,753 (-52.7%)	$1.566M (-45.0%)	0.3%	$6.67	—	COM	56146T103
TTC	TORO CO	9,107 (-54.4%)	$887K (-52.5%)	0.2%	$79.87	—	COM	891092108
—	PURECYCLE TECHNOLOGIES INC	57,200 (-77.8%)	$464K (-65.2%)	0.1%	—	—	PUT	74623V953
JOUT	JOHNSON OUTDOORS INC	113,770 (-12.4%)	$5.238M (-13.3%)	1.0%	$40.39	—	CL A	479167108
AKAM	AKAMAI TECHNOLOGIES INC	21,617 (-23.5%)	$2.555M (-21.2%)	0.5%	$79.86	—	COM	00971T101
ETON	ETON PHARMACEUTICALS INC	145,410 (-21.8%)	$5.264M (+14.6%)	1.0%	$6.14	—	COM	29772L108
FIVE	FIVE BELOW INC	2,410 (-46.0%)	$433K (-57.5%)	0.1%	$201.61	—	COM	33829M101
NL	NLI HOLDINGS INC	312,962 (-25.0%)	$1.862M (-23.4%)	0.4%	$2.98	—	COM NEW	629156407
ABNB	AIRBNB INC	15,091 (-26.3%)	$2.16M (-16.5%)	0.4%	$130.27	—	COM CL A	009066101
CRI	CARTERS INC	152,328 (-7.1%)	$6.27M (+6.9%)	1.2%	$36.45	—	COM	146229109
MPTI	M-TRON INDS INC	41,209 (-37.3%)	$4.086M (-6.9%)	0.8%	$53.75	—	COM	55380K109
TLYS	TILLYS INC	155,878 (-22.8%)	$655K (-19.9%)	0.1%	$3.27	—	CL A	886885102
NATR	NATURES SUNSHINE PRODS INC	60,246 (-1.5%)	$1.313M (-10.5%)	0.3%	$18.04	—	COM	639027101
RNW	RENEW ENERGY GLOBAL PLC	105,398 (-33.1%)	$659K (-8.7%)	0.1%	$5.56	—	CL A SHS	G7500M104
KOPN	KOPIN CORP	105,338 (-52.0%)	$472K (-4.5%)	0.1%	$2.66	—	COM	500600101
FTHM	FATHOM HOLDINGS INC	42,966 (-20.8%)	$43,396 (+50.9%)	0.0%	$1.66	—	COM	31189V109
—	OKLO INC	25,600 (-6.2%)	$1.34M (-1.0%)	0.3%	—	—	PUT	02156V959
INFQ	INFLEQTION INC	88,337 (-26.9%)	$1.177M (-0.7%)	0.2%	$9.81	—	COM SHS	45676K103

Unchanged Positions (23)

— IONQ INC 1.0%

Value $5.326M Shares 100,000 Est. Cost — Unrealized —

CRC CALIFORNIA RES CORP 0.9%

Value $4.867M Shares 92,055 Est. Cost $49.44 Unrealized —

— APPLOVIN CORP 1.3%

Value $6.646M Shares 12,900 Est. Cost — Unrealized —

— SOLARIS ENERGY INFRAS INC 0.8%

Value $4.184M Shares 52,000 Est. Cost — Unrealized —

BKUTK BANK UTICA N Y 1.7%

Value $8.55M Shares 13,464 Est. Cost $340.39 Unrealized —

BLKB BLACKBAUD INC 0.3%

Value $1.424M Shares 48,085 Est. Cost $60.73 Unrealized —

AGM/A FEDERAL AGRIC MTG CORP 0.4%

Value $2.078M Shares 14,131 Est. Cost $120.73 Unrealized —

ACOG ALPHA COGNITION INC 0.3%

Value $1.578M Shares 218,510 Est. Cost $5.77 Unrealized —

— FLUENCE ENERGY INC 0.2%

Value $1.252M Shares 1,000,000 Est. Cost $1.22 Unrealized —

HEI/A HEICO CORP NEW 0.1%

Value $493K Shares 1,910 Est. Cost $133.05 Unrealized —

BCHT BIRCHTECH CORP 0.2%

Value $871K Shares 425,000 Est. Cost $3.58 Unrealized —

BKUT BANK UTICA/NY 0.5%

Value $2.457M Shares 3,510 Est. Cost $475.38 Unrealized —

GROY/WS GOLD ROYALTY CORP 0.0%

Value $53,269 Shares 53,807 Est. Cost $1.79 Unrealized —

DXR DAXOR CORP 0.1%

Value $429K Shares 41,689 Est. Cost $12.95 Unrealized —

BF/A BROWN FORMAN CORP 0.2%

Value $1.111M Shares 40,610 Est. Cost $30.94 Unrealized —

WFCF WHERE FOOD COMES FROM INC 0.1%

Value $425K Shares 32,655 Est. Cost $10.79 Unrealized —

AWRE AWARE INC MASS 0.0%

Value $97,151 Shares 71,964 Est. Cost $3.23 Unrealized —

FEAM 5E ADVANCED MATERIALS INC 0.1%

Value $759K Shares 546,278 Est. Cost $2.78 Unrealized —

MOBXW MOBIX LABS INC 0.0%

Value $6,449 Shares 72,377 Est. Cost $0.07 Unrealized —

ESGLW OIO GROUP 0.0%

Value $2,352 Shares 42,000 Est. Cost $0.02 Unrealized —

CYCUW CYCURION INC 0.0%

Value $1,700 Shares 100,000 Est. Cost $0.05 Unrealized —

MSAIW MULTISENSOR AI HOLDINGS INC 0.0%

Value $1,088 Shares 37,500 Est. Cost $0.05 Unrealized —

SHFSW SHF HOLDINGS INC 0.0%

Value $673 Shares 25,000 Est. Cost $0.12 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	IONQ INC	100,000	$5.326M	1.0%	—	—	PUT	46222L958
CRC	CALIFORNIA RES CORP	92,055	$4.867M	0.9%	$49.44	—	COM STOCK	13057Q305
—	APPLOVIN CORP	12,900	$6.646M	1.3%	—	—	PUT	03831W958
—	SOLARIS ENERGY INFRAS INC	52,000	$4.184M	0.8%	—	—	PUT	83418M953
BKUTK	BANK UTICA N Y	13,464	$8.55M	1.7%	$340.39	—	COM	065437204
BLKB	BLACKBAUD INC	48,085	$1.424M	0.3%	$60.73	—	COM	09227Q100
AGM/A	FEDERAL AGRIC MTG CORP	14,131	$2.078M	0.4%	$120.73	—	CL A	313148108
ACOG	ALPHA COGNITION INC	218,510	$1.578M	0.3%	$5.77	—	COM NEW	02074J501
—	FLUENCE ENERGY INC	1,000,000	$1.252M	0.2%	$1.22	—	NOTE 2.250% 6/1	34379VAB9
HEI/A	HEICO CORP NEW	1,910	$493K	0.1%	$133.05	—	CL A	422806208
BCHT	BIRCHTECH CORP	425,000	$871K	0.2%	$3.58	—	COM SHS	59833H200
BKUT	BANK UTICA/NY	3,510	$2.457M	0.5%	$475.38	—	COM	065437105
GROY/WS	GOLD ROYALTY CORP	53,807	$53,269	0.0%	$1.79	—	*W EXP 05/31/202	38071H122
DXR	DAXOR CORP	41,689	$429K	0.1%	$12.95	—	COM	239467103
BF/A	BROWN FORMAN CORP	40,610	$1.111M	0.2%	$30.94	—	CL A	115637100
WFCF	WHERE FOOD COMES FROM INC	32,655	$425K	0.1%	$10.79	—	COM NEW	96327X200
AWRE	AWARE INC MASS	71,964	$97,151	0.0%	$3.23	—	COM	05453N100
FEAM	5E ADVANCED MATERIALS INC	546,278	$759K	0.1%	$2.78	—	COM NEW	33830Q208
MOBXW	MOBIX LABS INC	72,377	$6,449	0.0%	$0.07	—	*W EXP 12/21/202	60743G118
ESGLW	OIO GROUP	42,000	$2,352	0.0%	$0.02	—	*W EXP 08/02/202	G3R95P116
CYCUW	CYCURION INC	100,000	$1,700	0.0%	$0.05	—	*W EXP 02/13/203	95758L115
MSAIW	MULTISENSOR AI HOLDINGS INC	37,500	$1,088	0.0%	$0.05	—	*W EXP 12/19/202	456948116
SHFSW	SHF HOLDINGS INC	25,000	$673	0.0%	$0.12	—	*W EXP 09/28/202	824430110