First Trust Capital Management L.P. Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CADE	CADENCE BANK	2,112,573	$90,503	5.5%	$39.41	0.0%	Equity	12740C103
—	DAYFORCE INC	958,960	$66,322	4.0%	$68.83	0.0%	Equity	15677J108
CMA	COMERICA INC	756,333	$65,748	4.0%	$79.98	0.0%	Equity	200340107
ALEX	ALEXANDER & BALDWIN INC NEW	2,443,064	$50,425	3.1%	$20.64	—	Equity	014491104
—	CIDARA THERAPEUTICS INC	205,233	$45,334	2.7%	$220.89	—	Equity	171757206
—	HILLENBRAND INC	1,342,891	$42,597	2.6%	$31.72	—	Equity	431571108
—	SYNOVUS FINL CORP	838,645	$41,974	2.5%	$50.05	—	Equity	87161C501
CWAN	CLEARWATER ANALYTICS HLDGS I	1,479,650	$35,689	2.2%	$20.03	0.0%	Equity	185123106
EXAS	EXACT SCIENCES CORP	274,864	$27,915	1.7%	$80.31	0.0%	Equity	30063P105
SEE	SEALED AIR CORP NEW	632,818	$26,218	1.6%	$38.57	0.0%	Equity	81211K100
HOLX	HOLOGIC INC	309,557	$23,059	1.4%	$73.07	0.0%	Equity	436440101
—	JAMF HLDG CORP	1,741,286	$22,654	1.4%	$13.01	—	Equity	47074L105
DMII	DRUGS MADE IN AMER ACQ II CO	2,068,118	$20,474	1.2%	$9.89	0.0%	Equity	G2851K104
PLYM	PLYMOUTH INDL REIT INC	856,618	$18,743	1.1%	$21.88	—	Equity	729640102
HTBK	HERITAGE COMM CORP	1,550,000	$18,616	1.1%	$10.85	0.0%	Equity	426927109
FOLD	AMICUS THERAPEUTICS INC	1,088,721	$15,503	0.9%	$9.82	0.0%	Equity	03152W109
CFLT	CONFLUENT INC	462,084	$13,973	0.8%	$24.55	0.0%	Equity	20717M103
FRGE	FORGE GLOBAL HOLDINGS INC	307,802	$13,716	0.8%	$33.80	0.0%	Equity	34629L202
LOKV	LIVE OAK ACQUISITION CORP V	1,100,000	$11,330	0.7%	$10.27	0.0%	Equity	G5509P102
—	ASTRIA THERAPEUTICS INC	831,357	$10,882	0.7%	$13.09	—	Equity	04635X102
—	DENNYS CORP	1,701,392	$10,583	0.6%	$6.22	—	Equity	24869P104
GSRF	GSR IV ACQUISITION CORP	945,910	$9,450	0.6%	$10.02	0.0%	Equity	G4R12K107
APXT	APEX TREAS CORP	850,000	$8,407	0.5%	$9.89	0.0%	Equity	G04104108
BDCI	BTC DEV CORP	750,000	$7,508	0.5%	$10.10	0.0%	Equity	G0701G109
MESHU	MESHFLOW ACQUISITION CORP	750,000	$7,500	0.5%	$10.00	—	Equity	G6032N127
BLFY	BLUE FOUNDRY BANCORP	602,268	$7,486	0.5%	$9.98	0.0%	Equity	09549B104
SEMR	SEMRUSH HLDGS INC	625,206	$7,434	0.4%	$9.37	0.0%	Equity	81686C104
SCIIU	SC II ACQUISITION CORP	675,000	$6,797	0.4%	$10.07	—	Equity	G7866D128
VACI	VIKING ACQUISITION CORP I	649,998	$6,435	0.4%	$9.92	0.0%	Equity	G9582G104
CEPV	CANTOR EQUITY PARTNERS V INC	605,189	$6,203	0.4%	$10.25	0.0%	Equity	G1828S109
CRANU	CRANE HBR ACQUISITION CORP I	600,000	$6,042	0.4%	$10.07	—	Equity	G25014120
IRHOU	IRON HORSE ACQUISIT CORP II	600,000	$5,967	0.4%	$9.95	—	Equity	46283H202
DYOR	INSIGHT DIGITAL PARTNERS II	600,000	$5,946	0.4%	$9.91	0.0%	Equity	G4814G105
IPCX	INFLECTION PT ACQUISITION CO	500,000	$5,070	0.3%	$10.15	0.0%	Equity	G47875102
HCACU	HALL CHADWICK ACQUISITION CO	500,000	$5,010	0.3%	$10.02	—	Equity	G42386121
DNMX	DYNAMIX CORP III	500,000	$4,945	0.3%	$9.91	0.0%	Equity	G2949T109
IGAC	INVEST GREEN ACQUISITION COR	500,000	$4,920	0.3%	$9.85	0.0%	Equity	G4924G102
EVOX	EVOLUTION GLOBAL ACQUISITION	460,000	$4,540	0.3%	$9.88	0.0%	Equity	G3226F101
CEPO	CANTOR EQUITY PARTNERS I INC	409,698	$4,265	0.3%	$10.46	0.0%	Equity	G1827K107
FCRS	FUTURECREST ACQUISITION CORP	400,000	$4,040	0.2%	$10.11	0.0%	Equity	G3730U107
VHCPU	VINE HILL CAP INVTS CORP II	400,000	$4,008	0.2%	$10.02	—	Equity	G9709D125
MBVI	M3-BRIGADE ACQUISITION VI CO	399,999	$4,000	0.2%	$10.06	0.0%	Equity	G63221108
BEBE/U	TGE VALUE CREATIVE SOLUTIONS	400,000	$3,976	0.2%	$9.94	—	Equity	G8773E126
TDWD	TAILWIND 2.0 ACQUISITION COR	400,000	$3,940	0.2%	$9.86	0.0%	Equity	G8662J111
ADACU	AMERICAN DRIVE ACQUISITION C	386,399	$3,852	0.2%	$9.97	—	Equity	G0R91M121
SVAQU	SILICON VY ACQUISITION CORP	350,000	$3,481	0.2%	$9.95	—	Equity	G81306105
BLRKU	BLUEROCK ACQUISITION CORP	333,042	$3,330	0.2%	$10.00	—	Equity	G1352R121
SAC/U	SAFEGUARD ACQUISITION CORP	300,000	$3,026	0.2%	$10.09	—	Equity	G77676123
ITHAU	ITHAX ACQUISITION CORP III	300,000	$2,993	0.2%	$9.97	—	Equity	G4977S128
LAFA	LAFAYETTE ACQUISITION CORP	300,000	$2,970	0.2%	$9.89	0.0%	Equity	G53426105
RNA	AVIDITY BIOSCIENCES INC	40,000	$2,885	0.2%	$64.59	0.0%	Equity	05370A108
HVMC	HIGHVIEW MERGER CORP	250,000	$2,500	0.2%	$10.00	0.0%	Equity	G4569C101
YCY	AA MISSION ACQUISITION CORP	250,000	$2,491	0.2%	$9.96	0.0%	Equity	G1000S109
ALUB/U	ALUSSA ENERGY ACQUISITION CO	200,000	$2,020	0.1%	$10.10	—	Equity	G0233J126
SBXE/U	SILVERBOX CORP V	200,000	$2,012	0.1%	$10.06	—	Equity	G8148S123
BLZR	TRAILBLAZER ACQUISITION CORP	199,998	$2,002	0.1%	$10.08	0.0%	Equity	G9009S103
AEAQU	ACTIVATE ENERGY ACQUISITION	200,000	$1,999	0.1%	$9.99	—	Equity	G0081J129
DSACU	DAEDALUS SPL ACQUISITION COR	175,000	$1,757	0.1%	$10.04	—	Equity	G2616C124
AHL	ASPEN INSURANCE HOLDINGS LTD	39,334	$1,459	0.1%	$36.88	0.0%	Equity	G05384501
BHF	BRIGHTHOUSE FINL INC	22,138	$1,434	0.1%	$58.76	0.0%	Equity	10922N103
CSGS	CSG SYS INTL INC	17,569	$1,347	0.1%	$73.52	0.0%	Equity	126349109
TWO	TWO HBRS INVT CORP	105,638	$1,109	0.1%	$10.50	—	Equity	90187B804
AL	AIR LEASE CORP	17,040	$1,094	0.1%	$63.69	0.0%	Equity	00912X302
BPACU	BLUEPORT ACQUISITION LTD	100,000	$1,009	0.1%	$10.09	—	Equity	G1196A128
LFACU	LEAPFROG ACQUISITION CORP	100,000	$1,001	0.1%	$10.01	—	Equity	G5414D129
MOFG	MIDWESTONE FINL GROUP INC NE	25,886	$997	0.1%	$36.46	0.0%	Equity	598511103
OTGA	OTG ACQUISITION CORP. I	80,778	$808	0.0%	$10.02	0.0%	Equity	G6791A100
APAD	A PARADISE ACQUISITION CORP	50,000	$503	0.0%	$10.00	0.0%	Equity	G04819101
NWAX/U	NEW AMER ACQUISITION I CORP	35,000	$364	0.0%	$10.41	—	Equity	023634207
DMIIR	DRUGS MADE IN AMER ACQ II CO	2,068,118	$290	0.0%	$0.14	—	Equity	G2851K112
SUN	SUNOCO LP/SUNOCO FIN CORP	3,858	$202	0.0%	$52.41	—	Equity	86765K109
MPLX	MPLX LP	3,754	$200	0.0%	$53.37	—	Equity	55336V100
IGACR	INVEST GREEN ACQUISITION COR	500,000	$95	0.0%	$0.19	—	Equity	G4924G110
TDWDR	TAILWIND 2.0 ACQUISITION COR	400,000	$66	0.0%	$0.16	—	Equity	G8662J129
LAFAR	LAFAYETTE ACQUISITION CORP	300,000	$41	0.0%	$0.14	—	Equity	G53426113

Increased Positions (9)

— FRONTIER COMMUNICATIONS PARE 1.3%

Value ($000) $22,242 (+2369.4%) Shares 584,236 (+2322.7%) Est. Cost $37.94 Unrealized —

— CYBERARK SOFTWARE LTD 4.4%

Value ($000) $73,410 (+26.6%) Shares 164,574 (+37.1%) Est. Cost $473.10 Unrealized —

CAEP CANTOR EQUITY PARTNERS III I 0.7%

Value ($000) $12,379 (+1099.5%) Shares 1,213,649 (+1113.6%) Est. Cost $10.39 Unrealized -0.1%

VACH VOYAGER ACQUISITION CORP 1.3%

Value ($000) $21,564 (+32.3%) Shares 2,020,947 (+30.1%) Est. Cost $10.12 Unrealized +4.0%

WENN WEN ACQUISITION CORP 0.4%

Value ($000) $5,956 (+126.2%) Shares 589,658 (+126.7%) Est. Cost $10.19 Unrealized -0.1%

SOUL SOULPOWER ACQUISITION CORP 0.6%

Value ($000) $10,552 (+32.4%) Shares 1,039,570 (+31.7%) Est. Cost $10.01 Unrealized +1.4%

CHPG CHAMPIONSGATE ACQUISITION CO 0.3%

Value ($000) $5,239 (+4.7%) Shares 514,174 (+3.5%) Est. Cost $10.00 Unrealized +1.4%

PRA PROASSURANCE CORP 0.0%

Value ($000) $545 (+6.8%) Shares 22,577 (+6.1%) Est. Cost $16.64 Unrealized +44.5%

ET ENERGY TRANSFER L P 0.0%

Value ($000) $204 (-1.4%) Shares 12,346 (+2.7%) Est. Cost $13.67 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	FRONTIER COMMUNICATIONS PARE	584,236 (+2322.7%)	$22,242 (+2369.4%)	1.3%	$37.94	—	Equity	35909D109
—	CYBERARK SOFTWARE LTD	164,574 (+37.1%)	$73,410 (+26.6%)	4.4%	$473.10	—	Equity	M2682V108
CAEP	CANTOR EQUITY PARTNERS III I	1,213,649 (+1113.6%)	$12,379 (+1099.5%)	0.7%	$10.39	-0.1%	Equity	G1828A108
VACH	VOYAGER ACQUISITION CORP	2,020,947 (+30.1%)	$21,564 (+32.3%)	1.3%	$10.12	+4.0%	Equity	G93A7H104
WENN	WEN ACQUISITION CORP	589,658 (+126.7%)	$5,956 (+126.2%)	0.4%	$10.19	-0.1%	Equity	G9R39C103
SOUL	SOULPOWER ACQUISITION CORP	1,039,570 (+31.7%)	$10,552 (+32.4%)	0.6%	$10.01	+1.4%	Equity	G82745103
CHPG	CHAMPIONSGATE ACQUISITION CO	514,174 (+3.5%)	$5,239 (+4.7%)	0.3%	$10.00	+1.4%	Equity	G2124S108
PRA	PROASSURANCE CORP	22,577 (+6.1%)	$545 (+6.8%)	0.0%	$16.64	+44.5%	Equity	74267C106
ET	ENERGY TRANSFER L P	12,346 (+2.7%)	$204 (-1.4%)	0.0%	$13.67	—	Equity	29273V100

Exited Positions (34)

— WNS HLDGS LTD 6.3%

Value ($000) $103,818 Shares 1,361,187 Est. Cost $76.27 Unrealized —

— VERONA PHARMA PLC 5.9%

Value ($000) $97,013 Shares 909,123 Est. Cost $106.71 Unrealized —

— VERITEX HLDGS INC 5.2%

Value ($000) $86,113 Shares 2,568,230 Est. Cost $33.53 Unrealized —

— MR COOPER GROUP INC 4.4%

Value ($000) $72,843 Shares 345,573 Est. Cost $210.79 Unrealized —

— ARIS WATER SOLUTIONS INC 2.8%

Value ($000) $45,496 Shares 1,844,935 Est. Cost $24.66 Unrealized —

— KELLANOVA 2.4%

Value ($000) $38,985 Shares 475,313 Est. Cost $72.59 Unrealized +13.9%

— TOURMALINE BIO INC 2.0%

Value ($000) $33,278 Shares 695,757 Est. Cost $47.83 Unrealized —

— AVIDXCHANGE HOLDINGS INC 2.0%

Value ($000) $33,272 Shares 3,343,918 Est. Cost $9.79 Unrealized —

— MERUS N V 1.4%

Value ($000) $23,100 Shares 245,354 Est. Cost $94.15 Unrealized —

— INTEGRAL AD SCIENCE HLDNG CO 1.3%

Value ($000) $21,243 Shares 2,088,796 Est. Cost $10.17 Unrealized —

— PROS HOLDINGS INC 1.2%

Value ($000) $20,445 Shares 892,412 Est. Cost $22.91 Unrealized —

DMIIU DRUGS MADE IN AMER ACQ II CO 1.1%

Value ($000) $18,702 Shares 1,880,554 Est. Cost $9.95 Unrealized —

— SAPIENS INTL CORP N V 1.1%

Value ($000) $17,475 Shares 406,388 Est. Cost $43.00 Unrealized —

— PERFORMANT HEALTHCARE INC 1.1%

Value ($000) $17,464 Shares 2,259,250 Est. Cost $7.73 Unrealized —

— POTBELLY CORP 0.9%

Value ($000) $14,615 Shares 857,701 Est. Cost $17.04 Unrealized —

— NABORS ENERGY TRANSITION COR 0.9%

Value ($000) $14,525 Shares 1,295,706 Est. Cost $10.38 Unrealized —

— ZIMVIE INC 0.7%

Value ($000) $12,050 Shares 636,209 Est. Cost $18.94 Unrealized —

GSRFU GSR IV ACQUISITION CORP 0.6%

Value ($000) $9,587 Shares 945,923 Est. Cost $10.13 Unrealized —

BDCIU BTC DEV CORP 0.5%

Value ($000) $7,575 Shares 750,000 Est. Cost $10.10 Unrealized —

— COLUMBUS CIRCLE CAP CORP. I 0.4%

Value ($000) $6,643 Shares 656,437 Est. Cost $10.61 Unrealized —

OAKU OAK WOODS ACQUISITION CORP 0.4%

Value ($000) $6,350 Shares 526,103 Est. Cost $10.30 Unrealized +17.9%

MBAV M3BRIGADE ACQUISITION V CORP 0.4%

Value ($000) $5,844 Shares 553,918 Est. Cost $10.00 Unrealized +6.2%

FCRS/U FUTURECREST ACQUISITION CORP 0.3%

Value ($000) $4,240 Shares 400,000 Est. Cost $10.60 Unrealized —

MBVIU M3-BRIGADE ACQUISITION VI CO 0.2%

Value ($000) $4,048 Shares 400,000 Est. Cost $10.12 Unrealized —

HSPOF HORIZON SPACE ACQUSTN I CORP 0.2%

Value ($000) $3,696 Shares 300,000 Est. Cost $10.60 Unrealized +18.5%

HVMCU HIGHVIEW MERGER CORP 0.2%

Value ($000) $2,530 Shares 250,000 Est. Cost $10.12 Unrealized —

EMCGF EMBRACE CHANGE ACQUISITN COR 0.1%

Value ($000) $2,416 Shares 200,000 Est. Cost $11.06 Unrealized +3.1%

CCCX CHURCHILL CAP CORP X 0.1%

Value ($000) $2,302 Shares 178,996 Est. Cost $12.86 Unrealized —

BACC BLUE ACQUISITION CORP. 0.1%

Value ($000) $2,121 Shares 212,216 Est. Cost $9.98 Unrealized +1.7%

BLZRU TRAILBLAZER ACQUISITION CORP 0.1%

Value ($000) $2,045 Shares 200,000 Est. Cost $10.22 Unrealized —

BAYA BAYVIEW ACQUISITION CORP 0.1%

Value ($000) $1,473 Shares 128,340 Est. Cost $10.01 Unrealized +13.7%

— INFORMATICA INC 0.1%

Value ($000) $1,206 Shares 48,544 Est. Cost $24.35 Unrealized —

— SURMODICS INC 0.0%

Value ($000) $578 Shares 19,335 Est. Cost $37.32 Unrealized —

— VERINT SYS INC 0.0%

Value ($000) $261 Shares 12,900 Est. Cost $20.25 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	WNS HLDGS LTD	1,361,187	$103,818	6.3%	$76.27	—	—	G98196101
—	VERONA PHARMA PLC	909,123	$97,013	5.9%	$106.71	—	—	925050106
—	VERITEX HLDGS INC	2,568,230	$86,113	5.2%	$33.53	—	—	923451108
—	MR COOPER GROUP INC	345,573	$72,843	4.4%	$210.79	—	—	62482R107
—	ARIS WATER SOLUTIONS INC	1,844,935	$45,496	2.8%	$24.66	—	—	04041L106
—	KELLANOVA	475,313	$38,985	2.4%	$72.59	+13.9%	—	487836108
—	TOURMALINE BIO INC	695,757	$33,278	2.0%	$47.83	—	—	89157D105
—	AVIDXCHANGE HOLDINGS INC	3,343,918	$33,272	2.0%	$9.79	—	—	05368X102
—	MERUS N V	245,354	$23,100	1.4%	$94.15	—	—	N5749R100
—	INTEGRAL AD SCIENCE HLDNG CO	2,088,796	$21,243	1.3%	$10.17	—	—	45828L108
—	PROS HOLDINGS INC	892,412	$20,445	1.2%	$22.91	—	—	74346Y103
DMIIU	DRUGS MADE IN AMER ACQ II CO	1,880,554	$18,702	1.1%	$9.95	—	—	G2851K120
—	SAPIENS INTL CORP N V	406,388	$17,475	1.1%	$43.00	—	—	G7T16G103
—	PERFORMANT HEALTHCARE INC	2,259,250	$17,464	1.1%	$7.73	—	—	71377E105
—	POTBELLY CORP	857,701	$14,615	0.9%	$17.04	—	—	73754Y100
—	NABORS ENERGY TRANSITION COR	1,295,706	$14,525	0.9%	$10.38	—	—	G6363K106
—	ZIMVIE INC	636,209	$12,050	0.7%	$18.94	—	—	98888T107
GSRFU	GSR IV ACQUISITION CORP	945,923	$9,587	0.6%	$10.13	—	—	G4R12K123
BDCIU	BTC DEV CORP	750,000	$7,575	0.5%	$10.10	—	—	G0701G125
—	COLUMBUS CIRCLE CAP CORP. I	656,437	$6,643	0.4%	$10.61	—	—	G2296A109
OAKU	OAK WOODS ACQUISITION CORP	526,103	$6,350	0.4%	$10.30	+17.9%	—	67190B104
MBAV	M3BRIGADE ACQUISITION V CORP	553,918	$5,844	0.4%	$10.00	+6.2%	—	G63212107
FCRS/U	FUTURECREST ACQUISITION CORP	400,000	$4,240	0.3%	$10.60	—	—	G3730U123
MBVIU	M3-BRIGADE ACQUISITION VI CO	400,000	$4,048	0.2%	$10.12	—	—	G63221124
HSPOF	HORIZON SPACE ACQUSTN I CORP	300,000	$3,696	0.2%	$10.60	+18.5%	—	G4619M109
HVMCU	HIGHVIEW MERGER CORP	250,000	$2,530	0.2%	$10.12	—	—	G4569C127
EMCGF	EMBRACE CHANGE ACQUISITN COR	200,000	$2,416	0.1%	$11.06	+3.1%	—	G3034H109
CCCX	CHURCHILL CAP CORP X	178,996	$2,302	0.1%	$12.86	—	—	G2130T108
BACC	BLUE ACQUISITION CORP.	212,216	$2,121	0.1%	$9.98	+1.7%	—	G1331A108
BLZRU	TRAILBLAZER ACQUISITION CORP	200,000	$2,045	0.1%	$10.22	—	—	G9009S129
BAYA	BAYVIEW ACQUISITION CORP	128,340	$1,473	0.1%	$10.01	+13.7%	—	07323B100
—	INFORMATICA INC	48,544	$1,206	0.1%	$24.35	—	—	45674M101
—	SURMODICS INC	19,335	$578	0.0%	$37.32	—	—	868873100
—	VERINT SYS INC	12,900	$261	0.0%	$20.25	—	—	92343X100

Decreased Positions (21)

EA ELECTRONIC ARTS INC 1.2%

Value ($000) $19,935 (-60.5%) Shares 97,562 (-61.0%) Est. Cost $165.25 Unrealized +22.1%

BACQ INFLECTION POINT ACQUISITION 0.4%

Value ($000) $6,146 (-71.7%) Shares 573,278 (-72.6%) Est. Cost $10.00 Unrealized +8.8%

VCIC VINE HILL CAP INVT CORP. 0.5%

Value ($000) $7,812 (-53.4%) Shares 725,310 (-53.7%) Est. Cost $10.00 Unrealized +9.4%

POLE ANDRETTI ACQUISITION CORP II 0.4%

Value ($000) $6,209 (-47.5%) Shares 590,809 (-47.8%) Est. Cost $9.97 Unrealized +5.7%

RFAI RF ACQUISITION CORP II 0.3%

Value ($000) $5,531 (-50.0%) Shares 514,506 (-50.0%) Est. Cost $10.09 Unrealized +6.3%

LEGT LEGATO MERGER CORP III 0.9%

Value ($000) $14,419 (-25.5%) Shares 1,325,312 (-26.4%) Est. Cost $10.16 Unrealized +6.7%

ANSC AGRICULTURE & NAT SOL ACQ CO 1.9%

Value ($000) $30,974 (-8.9%) Shares 2,768,028 (-11.2%) Est. Cost $10.31 Unrealized +7.6%

CHAC CRANE HBR ACQUISITION CORP 0.1%

Value ($000) $1,852 (-59.4%) Shares 171,993 (-61.8%) Est. Cost $9.98 Unrealized +11.6%

TACO BERTO ACQUISITION CORP 0.5%

Value ($000) $7,858 (-24.4%) Shares 774,998 (-22.5%) Est. Cost $10.40 Unrealized -1.3%

GIG GIGCAPITAL7 CORP 0.2%

Value ($000) $3,319 (-38.1%) Shares 314,885 (-38.0%) Est. Cost $9.94 Unrealized +7.3%

TVA TEXAS VENTURES ACQUISITION I 0.8%

Value ($000) $13,471 (-10.1%) Shares 1,264,881 (-9.6%) Est. Cost $10.04 Unrealized +8.1%

ETHM DYNAMIX CORP 0.1%

Value ($000) $1,395 (-27.8%) Shares 135,602 (-26.9%) Est. Cost $9.81 Unrealized +5.7%

XRPN ARMADA ACQUISITION CORP II 0.3%

Value ($000) $4,699 (-9.9%) Shares 458,864 (-8.2%) Est. Cost $10.04 Unrealized +2.3%

— GUESS INC 0.0%

Value ($000) $723 (-37.1%) Shares 43,193 (-37.2%) Est. Cost $16.71 Unrealized —

CHYM CHIME FINL INC 0.8%

Value ($000) $13,516 (+2.0%) Shares 536,989 (-18.2%) Est. Cost $32.95 Unrealized -35.5%

RTAC RENATUS TACTICAL ACQUIS 0.2%

Value ($000) $3,557 (-5.9%) Shares 333,400 (-3.8%) Est. Cost $11.48 Unrealized -5.0%

MLAC MOUNTAIN LAKE ACQUISITION CO 0.6%

Value ($000) $10,196 (-1.5%) Shares 980,393 (-2.4%) Est. Cost $10.00 Unrealized +4.1%

CEPT CANTOR EQUITY PARTNERS II IN 0.1%

Value ($000) $1,964 (-6.6%) Shares 174,395 (-12.8%) Est. Cost $11.29 Unrealized -0.1%

WES WESTERN MIDSTREAM PARTNERS L 0.0%

Value ($000) $207 (-7.7%) Shares 5,238 (-8.2%) Est. Cost $38.70 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.0%

Value ($000) $203 (-3.4%) Shares 6,337 (-5.8%) Est. Cost $31.01 Unrealized —

PAA PLAINS ALL AMERN PIPELINE L 0.0%

Value ($000) $207 (+0.8%) Shares 11,514 (-4.3%) Est. Cost $16.77 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EA	ELECTRONIC ARTS INC	97,562 (-61.0%)	$19,935 (-60.5%)	1.2%	$165.25	+22.1%	Equity	285512109
BACQ	INFLECTION POINT ACQUISITION	573,278 (-72.6%)	$6,146 (-71.7%)	0.4%	$10.00	+8.8%	Equity	G1169T104
VCIC	VINE HILL CAP INVT CORP.	725,310 (-53.7%)	$7,812 (-53.4%)	0.5%	$10.00	+9.4%	Equity	G93Y09107
POLE	ANDRETTI ACQUISITION CORP II	590,809 (-47.8%)	$6,209 (-47.5%)	0.4%	$9.97	+5.7%	Equity	G26745102
RFAI	RF ACQUISITION CORP II	514,506 (-50.0%)	$5,531 (-50.0%)	0.3%	$10.09	+6.3%	Equity	G75389109
LEGT	LEGATO MERGER CORP III	1,325,312 (-26.4%)	$14,419 (-25.5%)	0.9%	$10.16	+6.7%	Equity	G5451A103
ANSC	AGRICULTURE & NAT SOL ACQ CO	2,768,028 (-11.2%)	$30,974 (-8.9%)	1.9%	$10.31	+7.6%	Equity	G0131Y100
CHAC	CRANE HBR ACQUISITION CORP	171,993 (-61.8%)	$1,852 (-59.4%)	0.1%	$9.98	+11.6%	Equity	G24979109
TACO	BERTO ACQUISITION CORP	774,998 (-22.5%)	$7,858 (-24.4%)	0.5%	$10.40	-1.3%	Equity	G1051H101
GIG	GIGCAPITAL7 CORP	314,885 (-38.0%)	$3,319 (-38.1%)	0.2%	$9.94	+7.3%	Equity	G38648104
TVA	TEXAS VENTURES ACQUISITION I	1,264,881 (-9.6%)	$13,471 (-10.1%)	0.8%	$10.04	+8.1%	Equity	G8772L105
ETHM	DYNAMIX CORP	135,602 (-26.9%)	$1,395 (-27.8%)	0.1%	$9.81	+5.7%	Equity	G2949D104
XRPN	ARMADA ACQUISITION CORP II	458,864 (-8.2%)	$4,699 (-9.9%)	0.3%	$10.04	+2.3%	Equity	G0R38G104
—	GUESS INC	43,193 (-37.2%)	$723 (-37.1%)	0.0%	$16.71	—	Equity	401617105
CHYM	CHIME FINL INC	536,989 (-18.2%)	$13,516 (+2.0%)	0.8%	$32.95	-35.5%	Equity	16935C109
RTAC	RENATUS TACTICAL ACQUIS	333,400 (-3.8%)	$3,557 (-5.9%)	0.2%	$11.48	-5.0%	Equity	G7490F101
MLAC	MOUNTAIN LAKE ACQUISITION CO	980,393 (-2.4%)	$10,196 (-1.5%)	0.6%	$10.00	+4.1%	Equity	G6301B101
CEPT	CANTOR EQUITY PARTNERS II IN	174,395 (-12.8%)	$1,964 (-6.6%)	0.1%	$11.29	-0.1%	Equity	G1827P106
WES	WESTERN MIDSTREAM PARTNERS L	5,238 (-8.2%)	$207 (-7.7%)	0.0%	$38.70	—	Equity	958669103
EPD	ENTERPRISE PRODS PARTNERS L	6,337 (-5.8%)	$203 (-3.4%)	0.0%	$31.01	—	Equity	293792107
PAA	PLAINS ALL AMERN PIPELINE L	11,514 (-4.3%)	$207 (+0.8%)	0.0%	$16.77	—	Equity	726503105

Unchanged Positions (57)

GRAF GRAF GLOBAL CORP 1.4%

Value ($000) $23,008 Shares 2,139,248 Est. Cost $10.00 Unrealized +6.6%

AAM AA MISSION ACQUISITION CORP 1.9%

Value ($000) $31,850 Shares 2,984,992 Est. Cost $10.00 Unrealized +5.9%

ALF CENTURION ACQUISITION CORP 1.8%

Value ($000) $29,234 Shares 2,745,000 Est. Cost $10.02 Unrealized +6.0%

CUB LIONHEART HOLDINGS 1.4%

Value ($000) $22,802 Shares 2,145,000 Est. Cost $10.01 Unrealized +5.8%

DMAA DRUGS MADE IN AMER ACQUTN CO 1.4%

Value ($000) $23,264 Shares 2,242,500 Est. Cost $10.01 Unrealized +3.2%

SDHI SIDDHI ACQUISITION CORP 1.0%

Value ($000) $17,048 Shares 1,658,359 Est. Cost $10.11 Unrealized +1.2%

GPAT GP-ACT III ACQUISITION CORP 1.4%

Value ($000) $22,354 Shares 2,091,077 Est. Cost $10.02 Unrealized +6.3%

LPAA LAUNCH ONE ACQUISITION CORP 1.3%

Value ($000) $21,921 Shares 2,070,000 Est. Cost $9.97 Unrealized +5.7%

VNME VENDOME ACQUISITION CORP I 1.1%

Value ($000) $18,556 Shares 1,850,000 Est. Cost $9.92 Unrealized +1.1%

MACI MELAR ACQUISITION CORP. I 0.9%

Value ($000) $14,882 Shares 1,400,000 Est. Cost $9.98 Unrealized +6.0%

RAC RITHM ACQUISITION CORP 0.8%

Value ($000) $12,485 Shares 1,201,650 Est. Cost $10.06 Unrealized +2.9%

NHIC NEWHOLD INVT CORP III 0.6%

Value ($000) $9,644 Shares 930,448 Est. Cost $10.06 Unrealized +2.5%

MCGA YORKVILLE ACQUISITION CORP. 0.2%

Value ($000) $2,654 Shares 262,030 Est. Cost $10.72 Unrealized -3.9%

PSBD PALMER SQUARE CAPITAL BDC IN 1.0%

Value ($000) $15,705 Shares 1,288,337 Est. Cost $13.22 Unrealized -10.6%

TACH TITAN ACQUISITION CORP 0.5%

Value ($000) $7,688 Shares 750,000 Est. Cost $10.05 Unrealized +1.7%

RANG RANGE CAP ACQUISITION CORP 0.5%

Value ($000) $7,815 Shares 750,000 Est. Cost $9.99 Unrealized +4.9%

CEPF CANTOR EQUITY PARTNERS IV IN 0.6%

Value ($000) $10,280 Shares 1,000,000 Est. Cost $10.15 Unrealized +2.4%

TDAC TRANSLATIONAL DEV ACQUISITIO 0.4%

Value ($000) $6,818 Shares 649,998 Est. Cost $10.05 Unrealized +3.8%

PLMK PLUM ACQUISITION CORP IV 0.4%

Value ($000) $6,799 Shares 650,000 Est. Cost $10.07 Unrealized +3.4%

SIMA SIM ACQUISITION CORP. I 1.2%

Value ($000) $19,062 Shares 1,800,000 Est. Cost $9.98 Unrealized +5.8%

BLUW BLUE WTR ACQUISITION CORP. I 0.2%

Value ($000) $2,580 Shares 249,998 Est. Cost $9.97 Unrealized +1.6%

RAAQ REAL ASSET ACQUISITION CORP 0.6%

Value ($000) $9,287 Shares 908,700 Est. Cost $10.15 Unrealized +1.4%

IPOD DUNE ACQUISITION CORP II 0.4%

Value ($000) $7,154 Shares 699,992 Est. Cost $10.03 Unrealized +1.4%

ONCH 1RT ACQUISITION CORP. 0.2%

Value ($000) $3,060 Shares 299,996 Est. Cost $10.28 Unrealized +0.2%

CHAR CHARLTON ARIA ACQUISITION CO 0.5%

Value ($000) $8,660 Shares 828,750 Est. Cost $9.95 Unrealized +4.6%

AXIN AXIOM INTELLIGENCE AC CORP 1 0.4%

Value ($000) $6,539 Shares 650,000 Est. Cost $9.97 Unrealized +0.8%

PCAP PROCAP ACQUISITION CORP 0.3%

Value ($000) $4,576 Shares 451,695 Est. Cost $10.31 Unrealized -0.6%

GTERA GLOBA TERRA ACQUISITION COR 0.3%

Value ($000) $4,783 Shares 473,583 Est. Cost $9.96 Unrealized +0.8%

GSHR GESHER ACQUISITION CORP. II 0.3%

Value ($000) $4,953 Shares 482,440 Est. Cost $10.05 Unrealized +1.9%

CRAQ CAL REDWOOD ACQUISITION CORP 0.2%

Value ($000) $4,056 Shares 400,000 Est. Cost $9.99 Unrealized +1.0%

FERA FIFTH ERA ACQUISITION CORP I 0.3%

Value ($000) $4,631 Shares 450,000 Est. Cost $10.05 Unrealized +2.8%

DRDB ROMAN DBDR ACQUISITION CORP 0.3%

Value ($000) $4,849 Shares 464,955 Est. Cost $10.19 Unrealized +2.3%

EVAC EQV VENTURES AC CORP. II 0.4%

Value ($000) $6,289 Shares 627,045 Est. Cost $9.94 Unrealized +0.7%

SBXD SILVERBOX CORP IV 0.3%

Value ($000) $4,710 Shares 445,168 Est. Cost $10.45 Unrealized +0.8%

AACB ARTIUS II ACQUISITION INC 0.2%

Value ($000) $3,914 Shares 380,000 Est. Cost $10.02 Unrealized +2.3%

TAVI TAVIA ACQUISITION CORP 0.3%

Value ($000) $5,215 Shares 500,000 Est. Cost $9.90 Unrealized +5.1%

PACH PIONEER ACQUISITION I CORP 0.3%

Value ($000) $5,025 Shares 500,000 Est. Cost $9.95 Unrealized +1.2%

HYAC HAYMAKER ACQUISITION CORP IV 1.0%

Value ($000) $16,565 Shares 1,455,666 Est. Cost $10.38 Unrealized +9.1%

AFJK AIMEI HEALTH TECHNOLOGY CO L 0.5%

Value ($000) $7,732 Shares 680,000 Est. Cost $10.18 Unrealized +92.8%

SZZL SIZZLE ACQUISITION CORP. II 0.2%

Value ($000) $4,123 Shares 405,813 Est. Cost $9.98 Unrealized +1.7%

RDAG REPUBLIC DIGITAL ACQUISITION 0.2%

Value ($000) $3,645 Shares 359,998 Est. Cost $10.33 Unrealized -0.8%

DAAQ DIGITAL ASSET ACQUISITION CO 0.5%

Value ($000) $8,985 Shares 884,398 Est. Cost $10.57 Unrealized -3.0%

KVAC KEEN VISION ACQUISITION CORP 0.1%

Value ($000) $1,240 Shares 105,511 Est. Cost $11.12 Unrealized +5.0%

PAII PYROPHYTE ACQUISITION CORP. 0.2%

Value ($000) $2,515 Shares 250,000 Est. Cost $9.94 Unrealized +1.3%

AEXA AMERICAN EXCEPTIONALISM ACQU 0.0%

Value ($000) $570 Shares 50,000 Est. Cost $10.77 Unrealized +4.2%

JACS JACKSON ACQUISITION CO II 0.4%

Value ($000) $5,913 Shares 567,500 Est. Cost $10.08 Unrealized +3.4%

GTEN GORES HLDGS X INC 0.3%

Value ($000) $5,572 Shares 543,596 Est. Cost $10.24 Unrealized +0.9%

CCII COHEN CIRCLE ACQUISIT CORP I 0.1%

Value ($000) $2,048 Shares 200,000 Est. Cost $10.11 Unrealized +1.5%

FIGX FIGX CAP ACQUISITION CORP. 0.2%

Value ($000) $2,515 Shares 250,000 Est. Cost $10.00 Unrealized +0.6%

SVAC SPRING VY ACQUISITION CORP I 0.2%

Value ($000) $3,483 Shares 343,194 Est. Cost $10.10 Unrealized +2.1%

OYSE OYSTER ENTERPRISES II ACQUIS 0.1%

Value ($000) $1,517 Shares 150,000 Est. Cost $10.01 Unrealized +0.6%

KFII K&F GROWTH ACQUISITION CORP 0.1%

Value ($000) $1,058 Shares 102,342 Est. Cost $10.06 Unrealized +2.3%

CAPN CAYSON ACQUISITION CORP 0.0%

Value ($000) $798 Shares 75,000 Est. Cost $9.99 Unrealized +5.5%

KOYN CSLM DIGITA ASSET ACQ CORP I 0.2%

Value ($000) $3,980 Shares 400,000 Est. Cost $9.93 Unrealized +0.3%

SOCA SOLARIUS CAPITAL ACQU CORP 0.1%

Value ($000) $1,005 Shares 100,000 Est. Cost $9.98 Unrealized +1.0%

NTWO NEWBURY STR II ACQUISITION C 0.0%

Value ($000) $705 Shares 67,600 Est. Cost $9.99 Unrealized +4.0%

JENA JENA ACQUISITION CORP II 0.1%

Value ($000) $2,254 Shares 221,610 Est. Cost $10.14 Unrealized +0.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GRAF	GRAF GLOBAL CORP	2,139,248	$23,008	1.4%	$10.00	+6.6%	Equity	G4036C106
AAM	AA MISSION ACQUISITION CORP	2,984,992	$31,850	1.9%	$10.00	+5.9%	Equity	G1000R101
ALF	CENTURION ACQUISITION CORP	2,745,000	$29,234	1.8%	$10.02	+6.0%	Equity	G20315100
CUB	LIONHEART HOLDINGS	2,145,000	$22,802	1.4%	$10.01	+5.8%	Equity	G5501C109
DMAA	DRUGS MADE IN AMER ACQUTN CO	2,242,500	$23,264	1.4%	$10.01	+3.2%	Equity	G2847J104
SDHI	SIDDHI ACQUISITION CORP	1,658,359	$17,048	1.0%	$10.11	+1.2%	Equity	G8118C124
GPAT	GP-ACT III ACQUISITION CORP	2,091,077	$22,354	1.4%	$10.02	+6.3%	Equity	G4035N103
LPAA	LAUNCH ONE ACQUISITION CORP	2,070,000	$21,921	1.3%	$9.97	+5.7%	Equity	G5S86M100
VNME	VENDOME ACQUISITION CORP I	1,850,000	$18,556	1.1%	$9.92	+1.1%	Equity	G9580A109
MACI	MELAR ACQUISITION CORP. I	1,400,000	$14,882	0.9%	$9.98	+6.0%	Equity	G6004G100
RAC	RITHM ACQUISITION CORP	1,201,650	$12,485	0.8%	$10.06	+2.9%	Equity	G75751100
NHIC	NEWHOLD INVT CORP III	930,448	$9,644	0.6%	$10.06	+2.5%	Equity	G6486E102
MCGA	YORKVILLE ACQUISITION CORP.	262,030	$2,654	0.2%	$10.72	-3.9%	Equity	G98659116
PSBD	PALMER SQUARE CAPITAL BDC IN	1,288,337	$15,705	1.0%	$13.22	-10.6%	Equity	69702V107
TACH	TITAN ACQUISITION CORP	750,000	$7,688	0.5%	$10.05	+1.7%	Equity	G8901A103
RANG	RANGE CAP ACQUISITION CORP	750,000	$7,815	0.5%	$9.99	+4.9%	Equity	G7375C108
CEPF	CANTOR EQUITY PARTNERS IV IN	1,000,000	$10,280	0.6%	$10.15	+2.4%	Equity	G1828E100
TDAC	TRANSLATIONAL DEV ACQUISITIO	649,998	$6,818	0.4%	$10.05	+3.8%	Equity	G9008W105
PLMK	PLUM ACQUISITION CORP IV	650,000	$6,799	0.4%	$10.07	+3.4%	Equity	G7134A104
SIMA	SIM ACQUISITION CORP. I	1,800,000	$19,062	1.2%	$9.98	+5.8%	Equity	G8431T101
BLUW	BLUE WTR ACQUISITION CORP. I	249,998	$2,580	0.2%	$9.97	+1.6%	Equity	G1368E106
RAAQ	REAL ASSET ACQUISITION CORP	908,700	$9,287	0.6%	$10.15	+1.4%	Equity	G73944103
IPOD	DUNE ACQUISITION CORP II	699,992	$7,154	0.4%	$10.03	+1.4%	Equity	G2867S109
ONCH	1RT ACQUISITION CORP.	299,996	$3,060	0.2%	$10.28	+0.2%	Equity	G6757R105
CHAR	CHARLTON ARIA ACQUISITION CO	828,750	$8,660	0.5%	$9.95	+4.6%	Equity	G9877L107
AXIN	AXIOM INTELLIGENCE AC CORP 1	650,000	$6,539	0.4%	$9.97	+0.8%	Equity	G0750N104
PCAP	PROCAP ACQUISITION CORP	451,695	$4,576	0.3%	$10.31	-0.6%	Equity	G7257A105
GTERA	GLOBA TERRA ACQUISITION COR	473,583	$4,783	0.3%	$9.96	+0.8%	Equity	G3933N116
GSHR	GESHER ACQUISITION CORP. II	482,440	$4,953	0.3%	$10.05	+1.9%	Equity	G3852D107
CRAQ	CAL REDWOOD ACQUISITION CORP	400,000	$4,056	0.2%	$9.99	+1.0%	Equity	G17564108
FERA	FIFTH ERA ACQUISITION CORP I	450,000	$4,631	0.3%	$10.05	+2.8%	Equity	G3415K101
DRDB	ROMAN DBDR ACQUISITION CORP	464,955	$4,849	0.3%	$10.19	+2.3%	Equity	G7633M104
EVAC	EQV VENTURES AC CORP. II	627,045	$6,289	0.4%	$9.94	+0.7%	Equity	G3106Q102
SBXD	SILVERBOX CORP IV	445,168	$4,710	0.3%	$10.45	+0.8%	Equity	G81354105
AACB	ARTIUS II ACQUISITION INC	380,000	$3,914	0.2%	$10.02	+2.3%	Equity	G0509J115
TAVI	TAVIA ACQUISITION CORP	500,000	$5,215	0.3%	$9.90	+5.1%	Equity	G86880104
PACH	PIONEER ACQUISITION I CORP	500,000	$5,025	0.3%	$9.95	+1.2%	Equity	G7117W107
HYAC	HAYMAKER ACQUISITION CORP IV	1,455,666	$16,565	1.0%	$10.38	+9.1%	Equity	G4375F108
AFJK	AIMEI HEALTH TECHNOLOGY CO L	680,000	$7,732	0.5%	$10.18	+92.8%	Equity	G01341109
SZZL	SIZZLE ACQUISITION CORP. II	405,813	$4,123	0.2%	$9.98	+1.7%	Equity	G8193F109
RDAG	REPUBLIC DIGITAL ACQUISITION	359,998	$3,645	0.2%	$10.33	-0.8%	Equity	G7515A103
DAAQ	DIGITAL ASSET ACQUISITION CO	884,398	$8,985	0.5%	$10.57	-3.0%	Equity	G2868C103
KVAC	KEEN VISION ACQUISITION CORP	105,511	$1,240	0.1%	$11.12	+5.0%	Equity	G52443119
PAII	PYROPHYTE ACQUISITION CORP.	250,000	$2,515	0.2%	$9.94	+1.3%	Equity	G7309T102
AEXA	AMERICAN EXCEPTIONALISM ACQU	50,000	$570	0.0%	$10.77	+4.2%	Equity	G0273J101
JACS	JACKSON ACQUISITION CO II	567,500	$5,913	0.4%	$10.08	+3.4%	Equity	G4992A110
GTEN	GORES HLDGS X INC	543,596	$5,572	0.3%	$10.24	+0.9%	Equity	G4002F109
CCII	COHEN CIRCLE ACQUISIT CORP I	200,000	$2,048	0.1%	$10.11	+1.5%	Equity	G2254C121
FIGX	FIGX CAP ACQUISITION CORP.	250,000	$2,515	0.2%	$10.00	+0.6%	Equity	G3473K100
SVAC	SPRING VY ACQUISITION CORP I	343,194	$3,483	0.2%	$10.10	+2.1%	Equity	G8377R101
OYSE	OYSTER ENTERPRISES II ACQUIS	150,000	$1,517	0.1%	$10.01	+0.6%	Equity	G6861F104
KFII	K&F GROWTH ACQUISITION CORP	102,342	$1,058	0.1%	$10.06	+2.3%	Equity	G52258111
CAPN	CAYSON ACQUISITION CORP	75,000	$798	0.0%	$9.99	+5.5%	Equity	G1993W109
KOYN	CSLM DIGITA ASSET ACQ CORP I	400,000	$3,980	0.2%	$9.93	+0.3%	Equity	G2584S101
SOCA	SOLARIUS CAPITAL ACQU CORP	100,000	$1,005	0.1%	$9.98	+1.0%	Equity	G82617104
NTWO	NEWBURY STR II ACQUISITION C	67,600	$705	0.0%	$9.99	+4.0%	Equity	G6439S109
JENA	JENA ACQUISITION CORP II	221,610	$2,254	0.1%	$10.14	+0.6%	Equity	G5093B105