Monashee Investment Management LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MDLN	MEDLINE INC	300,000	$12,600	7.1%	$42.23	0.0%	COM CL A	58507V107
SOFI	SOFI TECHNOLOGIES INC	400,000	$10,472	5.9%	$27.87	0.0%	COM	83406F102
ULS	UL SOLUTIONS INC	130,000	$10,252	5.8%	$80.28	0.0%	CLASS A COM SHS	903731107
INSM	INSMED INC	50,000	$8,702	4.9%	$182.48	0.0%	COM PAR $.01	457669307
TERN	TERNS PHARMACEUTICALS INC	197,313	$7,971	4.5%	$23.11	0.0%	COM	880881107
KYMR	KYMERA THERAPEUTICS INC	100,000	$7,781	4.4%	$67.53	0.0%	COM	501575104
SLDB	SOLID BIOSCIENCES INC	1,349,771	$7,613	4.3%	$5.42	0.0%	COM NEW	83422E204
IMNM	IMMUNOME INC	274,861	$5,904	3.3%	$17.55	0.0%	COM	45257U108
ITT	ITT INC	32,067	$5,564	3.1%	$179.17	0.0%	COM	45073V108
WLTH	WEALTHFRONT CORP	300,000	$4,077	2.3%	$13.20	0.0%	COM	947002101
NKTR	NEKTAR THERAPEUTICS	94,134	$3,980	2.2%	$55.96	0.0%	COM NEW	640268306
—	SOUTHERN CO	75,877	$3,821	2.2%	$50.36	—	UNIT 12/15/2028	842587842
EVMN	EVOMMUNE INC	183,239	$3,137	1.8%	$18.78	0.0%	COM SHS	30054Y107
GOSS	GOSSAMER BIO INC	1,000,000	$3,100	1.7%	$2.85	0.0%	COM	38341P102
—	NOVANTA INC	55,962	$3,077	1.7%	$54.98	—	UNIT 11/01/2028	67000B203
LMRI	LUMEXA IMAGING HOLDINGS INC	150,000	$2,775	1.6%	$18.05	0.0%	COM	550249106
ENGN	ENGENE HOLDINGS INC	295,000	$2,664	1.5%	$8.01	0.0%	COM	29286M105
DYN	DYNE THERAPEUTICS INC	114,525	$2,240	1.3%	$18.94	0.0%	COM	26818M108
AERO	GRUPO AEROMEXICO SAB DE CV	91,619	$2,012	1.1%	$21.96	—	SPONSORED ADS	40054J109
KYTX	KYVERNA THERAPEUTICS INC	195,000	$1,833	1.0%	$7.42	0.0%	COM	501976104
IMTX	IMMATICS N.V	160,336	$1,684	0.9%	$10.09	0.0%	SHS	N44445109
CTNM	CONTINEUM THERAPEUTICS INC	137,430	$1,571	0.9%	$11.41	0.0%	CL A	21217B100
DNLI	DENALI THERAPEUTICS INC	91,620	$1,513	0.9%	$16.88	0.0%	COM	24823R105
VERA	VERA THERAPEUTICS INC	22,905	$1,160	0.7%	$35.52	0.0%	CL A	92337R101
LPTH	LIGHTPATH TECHNOLOGIES INC	100,000	$1,080	0.6%	$8.10	0.0%	COM CL A	532257805
TARA	PROTARA THERAPEUTICS INC	125,000	$666	0.4%	$5.56	0.0%	COM STK	74365U107
IMA	IMAGENEBIO INC	91,621	$632	0.4%	$7.41	0.0%	COM	45175G207
IBIO	IBIO INC	274,862	$530	0.3%	$1.36	0.0%	COM NEW	451033708

Increased Positions (4)

GPCR STRUCTURE THERAPEUTICS INC 8.8%

Value ($000) $15,649 (+179.4%) Shares 225,000 (+12.5%) Est. Cost $29.08 Unrealized —

MIAX MIAMI INTL HLDGS INC 4.4%

Value ($000) $7,767 (+28.6%) Shares 175,000 (+16.7%) Est. Cost $37.73 Unrealized +18.2%

— GOSSAMER BIO INC 0.7%

Value ($000) $1,280 (+79.2%) Shares 1,874,000 (+87.4%) Est. Cost $0.60 Unrealized —

BDSX BIODESIX INC 0.4%

Value ($000) $764 (+1.2%) Shares 112,344 (+12.3%) Est. Cost $7.66 Unrealized -3.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GPCR	STRUCTURE THERAPEUTICS INC	225,000 (+12.5%)	$15,649 (+179.4%)	8.8%	$29.08	—	SPONSORED ADS	86366E106
MIAX	MIAMI INTL HLDGS INC	175,000 (+16.7%)	$7,767 (+28.6%)	4.4%	$37.73	+18.2%	COM	59356Q108
—	GOSSAMER BIO INC	1,874,000 (+87.4%)	$1,280 (+79.2%)	0.7%	$0.60	—	NOTE 5.000% 6/0	38341PAA0
BDSX	BIODESIX INC	112,344 (+12.3%)	$764 (+1.2%)	0.4%	$7.66	-3.8%	COM	09075X207

Exited Positions (49)

FWDI FORWARD INDS INC N Y 5.8%

Value ($000) $10,366 Shares 405,406 Est. Cost $16.47 Unrealized -22.1%

FIGR FIGURE TECHNOLOGY SOLUTIO 4.1%

Value ($000) $7,274 Shares 200,000 Est. Cost $38.84 Unrealized +3.0%

NTSK NETSKOPE INC 3.8%

Value ($000) $6,819 Shares 300,000 Est. Cost $23.79 Unrealized -12.3%

CRBG COREBRIDGE FINL INC 3.6%

Value ($000) $6,410 Shares 200,000 Est. Cost $33.71 Unrealized -9.4%

LTM LATAM AIRLINES GROUP SA 3.4%

Value ($000) $6,109 Shares 135,000 Est. Cost $42.52 Unrealized —

WBI WATERBRIDGE INFRASTRUCTURE L 3.4%

Value ($000) $6,053 Shares 240,000 Est. Cost $23.45 Unrealized -1.0%

WAY WAYSTAR HLDG CORP 3.2%

Value ($000) $5,688 Shares 150,000 Est. Cost $37.06 Unrealized -3.9%

BTBT BIT DIGITAL INC 2.5%

Value ($000) $4,500 Shares 1,500,000 Est. Cost $3.03 Unrealized -4.7%

NBIS NEBIUS GROUP N.V. 2.5%

Value ($000) $4,491 Shares 40,000 Est. Cost $34.43 Unrealized +201.0%

SFD SMITHFIELD FOODS INC 2.4%

Value ($000) $4,226 Shares 180,000 Est. Cost $24.05 Unrealized -9.0%

NWS NEWS CORP NEW 2.3%

Value ($000) $4,146 Shares 120,000 Est. Cost $33.69 Unrealized -11.5%

FOX FOX CORP 2.3%

Value ($000) $4,010 Shares 70,000 Est. Cost $52.60 Unrealized +11.0%

— BRUKER CORP 2.1%

Value ($000) $3,805 Shares 14,000 Est. Cost $271.80 Unrealized —

KLAR KLARNA GROUP PLC 2.1%

Value ($000) $3,665 Shares 100,000 Est. Cost $42.59 Unrealized -19.4%

STUB STUBHUB HLDGS INC 1.9%

Value ($000) $3,368 Shares 200,000 Est. Cost $18.34 Unrealized -14.3%

VIA VIA TRANSN INC 1.9%

Value ($000) $3,366 Shares 70,000 Est. Cost $49.48 Unrealized -16.6%

BLSH BULLISH 1.8%

Value ($000) $3,181 Shares 50,000 Est. Cost $61.33 Unrealized -20.6%

SLDE SLIDE INS HLDGS INC 1.6%

Value ($000) $2,762 Shares 175,000 Est. Cost $16.40 Unrealized +1.7%

CRWV COREWEAVE INC 1.5%

Value ($000) $2,737 Shares 20,000 Est. Cost $118.31 Unrealized -14.3%

CRCL CIRCLE INTERNET GROUP INC 1.5%

Value ($000) $2,652 Shares 20,000 Est. Cost $158.24 Unrealized -34.7%

FIG FIGMA INC 1.5%

Value ($000) $2,594 Shares 50,000 Est. Cost $68.66 Unrealized -34.2%

HNGE HINGE HEALTH INC 1.4%

Value ($000) $2,454 Shares 50,000 Est. Cost $52.31 Unrealized -7.9%

BRCB BLACK ROCK COFFEE BAR INC 1.3%

Value ($000) $2,386 Shares 100,000 Est. Cost $26.13 Unrealized -11.3%

QURE UNIQURE NV 1.3%

Value ($000) $2,335 Shares 40,000 Est. Cost $18.16 Unrealized +112.5%

MIR MIRION TECHNOLOGIES INC 1.3%

Value ($000) $2,326 Shares 100,000 Est. Cost $21.62 Unrealized +15.4%

UUUU ENERGY FUELS INC 1.3%

Value ($000) $2,303 Shares 150,000 Est. Cost $10.62 Unrealized +59.8%

CHYM CHIME FINL INC 1.3%

Value ($000) $2,219 Shares 110,000 Est. Cost $28.41 Unrealized -25.2%

RNA AVIDITY BIOSCIENCES INC 1.2%

Value ($000) $2,179 Shares 50,000 Est. Cost $40.43 Unrealized +59.8%

IMRX IMMUNEERING CORP 1.2%

Value ($000) $2,100 Shares 300,000 Est. Cost $5.19 Unrealized +23.7%

CTRE CARETRUST REIT INC 1.2%

Value ($000) $2,081 Shares 60,000 Est. Cost $34.68 Unrealized —

CAEP CANTOR EQUITY PARTNERS III I 1.2%

Value ($000) $2,064 Shares 200,000 Est. Cost $10.53 Unrealized -1.5%

PTRN PATTERN GROUP INC 1.2%

Value ($000) $2,055 Shares 150,000 Est. Cost $13.94 Unrealized +4.5%

— EVOLENT HEALTH INC 1.1%

Value ($000) $2,011 Shares 2,000,000 Est. Cost $1.01 Unrealized —

AIRO AIRO GROUP HLDGS INC 1.1%

Value ($000) $1,920 Shares 100,000 Est. Cost $21.92 Unrealized -41.2%

CIFR CIPHER MINING INC 1.1%

Value ($000) $1,889 Shares 150,000 Est. Cost $7.54 Unrealized +134.0%

GEMI GEMINI SPACE STA INC 0.8%

Value ($000) $1,438 Shares 60,000 Est. Cost $25.81 Unrealized -39.6%

PEPG PEPGEN INC 0.8%

Value ($000) $1,386 Shares 300,000 Est. Cost $1.61 Unrealized +222.0%

CEPT CANTOR EQUITY PARTNERS II IN 0.8%

Value ($000) $1,345 Shares 127,971 Est. Cost $11.29 Unrealized -0.1%

KVYO KLAVIYO INC 0.6%

Value ($000) $1,108 Shares 40,000 Est. Cost $32.29 Unrealized -13.3%

HLLY HOLLEY INC 0.6%

Value ($000) $1,099 Shares 350,000 Est. Cost $2.98 Unrealized +20.9%

CEPF CANTOR EQUITY PARTNERS IV IN 0.6%

Value ($000) $1,019 Shares 100,000 Est. Cost $10.15 Unrealized +2.4%

NIQ NIQ GLOBAL INTELLIGENCE PLC 0.5%

Value ($000) $942 Shares 60,000 Est. Cost $17.40 Unrealized -15.9%

RIG TRANSOCEAN LTD 0.5%

Value ($000) $936 Shares 300,000 Est. Cost $3.02 Unrealized +28.7%

MH MCGRAW HILL INC 0.4%

Value ($000) $753 Shares 60,000 Est. Cost $14.51 Unrealized +0.0%

LBRX LB PHARMACEUTICALS INC 0.4%

Value ($000) $632 Shares 40,000 Est. Cost $15.87 Unrealized +10.1%

CARL CARLSMED INC 0.3%

Value ($000) $536 Shares 40,000 Est. Cost $13.67 Unrealized -2.6%

SI SHOULDER INNOVATIONS INC 0.3%

Value ($000) $502 Shares 40,000 Est. Cost $13.97 Unrealized -2.4%

AMLX AMYLYX PHARMACEUTICALS INC 0.2%

Value ($000) $408 Shares 30,000 Est. Cost $9.41 Unrealized +44.3%

FCRS/U FUTURECREST ACQUISITION CORP 0.1%

Value ($000) $106 Shares 10,000 Est. Cost $10.60 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FWDI	FORWARD INDS INC N Y	405,406	$10,366	5.8%	$16.47	-22.1%	—	349862409
FIGR	FIGURE TECHNOLOGY SOLUTIO	200,000	$7,274	4.1%	$38.84	+3.0%	—	349381103
NTSK	NETSKOPE INC	300,000	$6,819	3.8%	$23.79	-12.3%	—	64119N608
CRBG	COREBRIDGE FINL INC	200,000	$6,410	3.6%	$33.71	-9.4%	—	21871X109
LTM	LATAM AIRLINES GROUP SA	135,000	$6,109	3.4%	$42.52	—	—	51817R205
WBI	WATERBRIDGE INFRASTRUCTURE L	240,000	$6,053	3.4%	$23.45	-1.0%	—	940923105
WAY	WAYSTAR HLDG CORP	150,000	$5,688	3.2%	$37.06	-3.9%	—	946784105
BTBT	BIT DIGITAL INC	1,500,000	$4,500	2.5%	$3.03	-4.7%	—	G1144A105
NBIS	NEBIUS GROUP N.V.	40,000	$4,491	2.5%	$34.43	+201.0%	—	N97284108
SFD	SMITHFIELD FOODS INC	180,000	$4,226	2.4%	$24.05	-9.0%	—	832248207
NWS	NEWS CORP NEW	120,000	$4,146	2.3%	$33.69	-11.5%	—	65249B208
FOX	FOX CORP	70,000	$4,010	2.3%	$52.60	+11.0%	—	35137L204
—	BRUKER CORP	14,000	$3,805	2.1%	$271.80	—	—	116794207
KLAR	KLARNA GROUP PLC	100,000	$3,665	2.1%	$42.59	-19.4%	—	G5279N105
STUB	STUBHUB HLDGS INC	200,000	$3,368	1.9%	$18.34	-14.3%	—	86384P109
VIA	VIA TRANSN INC	70,000	$3,366	1.9%	$49.48	-16.6%	—	92556W104
BLSH	BULLISH	50,000	$3,181	1.8%	$61.33	-20.6%	—	G16910120
SLDE	SLIDE INS HLDGS INC	175,000	$2,762	1.6%	$16.40	+1.7%	—	831349105
CRWV	COREWEAVE INC	20,000	$2,737	1.5%	$118.31	-14.3%	—	21873S108
CRCL	CIRCLE INTERNET GROUP INC	20,000	$2,652	1.5%	$158.24	-34.7%	—	172573107
FIG	FIGMA INC	50,000	$2,594	1.5%	$68.66	-34.2%	—	316841105
HNGE	HINGE HEALTH INC	50,000	$2,454	1.4%	$52.31	-7.9%	—	433313103
BRCB	BLACK ROCK COFFEE BAR INC	100,000	$2,386	1.3%	$26.13	-11.3%	—	092244102
QURE	UNIQURE NV	40,000	$2,335	1.3%	$18.16	+112.5%	—	N90064101
MIR	MIRION TECHNOLOGIES INC	100,000	$2,326	1.3%	$21.62	+15.4%	—	60471A101
UUUU	ENERGY FUELS INC	150,000	$2,303	1.3%	$10.62	+59.8%	—	292671708
CHYM	CHIME FINL INC	110,000	$2,219	1.3%	$28.41	-25.2%	—	16935C109
RNA	AVIDITY BIOSCIENCES INC	50,000	$2,179	1.2%	$40.43	+59.8%	—	05370A108
IMRX	IMMUNEERING CORP	300,000	$2,100	1.2%	$5.19	+23.7%	—	45254E107
CTRE	CARETRUST REIT INC	60,000	$2,081	1.2%	$34.68	—	—	14174T107
CAEP	CANTOR EQUITY PARTNERS III I	200,000	$2,064	1.2%	$10.53	-1.5%	—	G1828A108
PTRN	PATTERN GROUP INC	150,000	$2,055	1.2%	$13.94	+4.5%	—	70339W104
—	EVOLENT HEALTH INC	2,000,000	$2,011	1.1%	$1.01	—	—	30050BAJ0
AIRO	AIRO GROUP HLDGS INC	100,000	$1,920	1.1%	$21.92	-41.2%	—	009422106
CIFR	CIPHER MINING INC	150,000	$1,889	1.1%	$7.54	+134.0%	—	17253J106
GEMI	GEMINI SPACE STA INC	60,000	$1,438	0.8%	$25.81	-39.6%	—	36866J105
PEPG	PEPGEN INC	300,000	$1,386	0.8%	$1.61	+222.0%	—	713317105
CEPT	CANTOR EQUITY PARTNERS II IN	127,971	$1,345	0.8%	$11.29	-0.1%	—	G1827P106
KVYO	KLAVIYO INC	40,000	$1,108	0.6%	$32.29	-13.3%	—	49845K101
HLLY	HOLLEY INC	350,000	$1,099	0.6%	$2.98	+20.9%	—	43538H103
CEPF	CANTOR EQUITY PARTNERS IV IN	100,000	$1,019	0.6%	$10.15	+2.4%	—	G1828E100
NIQ	NIQ GLOBAL INTELLIGENCE PLC	60,000	$942	0.5%	$17.40	-15.9%	—	G63755105
RIG	TRANSOCEAN LTD	300,000	$936	0.5%	$3.02	+28.7%	—	H8817H100
MH	MCGRAW HILL INC	60,000	$753	0.4%	$14.51	+0.0%	—	580907103
LBRX	LB PHARMACEUTICALS INC	40,000	$632	0.4%	$15.87	+10.1%	—	50180M108
CARL	CARLSMED INC	40,000	$536	0.3%	$13.67	-2.6%	—	14280C105
SI	SHOULDER INNOVATIONS INC	40,000	$502	0.3%	$13.97	-2.4%	—	82537J108
AMLX	AMYLYX PHARMACEUTICALS INC	30,000	$408	0.2%	$9.41	+44.3%	—	03237H101
FCRS/U	FUTURECREST ACQUISITION CORP	10,000	$106	0.1%	$10.60	—	—	G3730U123

Decreased Positions (8)

WYFI WHITEFIBER INC 1.2%

Value ($000) $2,212 (-77.1%) Shares 140,000 (-60.6%) Est. Cost $19.54 Unrealized +26.5%

AMBQ AMBIQ MICRO INC 1.4%

Value ($000) $2,425 (-59.5%) Shares 85,089 (-57.5%) Est. Cost $36.46 Unrealized -21.4%

BBIO BRIDGEBIO PHARMA INC 4.3%

Value ($000) $7,649 (-26.4%) Shares 100,000 (-50.0%) Est. Cost $34.55 Unrealized +90.0%

LGN LEGENCE CORP 3.3%

Value ($000) $5,937 (+28.5%) Shares 137,940 (-8.0%) Est. Cost $31.48 Unrealized +25.6%

CMPX COMPASS THERAPEUTICS INC 3.0%

Value ($000) $5,370 (+22.7%) Shares 1,000,000 (-20.0%) Est. Cost $3.22 Unrealized +43.5%

CYTK CYTOKINETICS INC 2.7%

Value ($000) $4,766 (-13.3%) Shares 75,000 (-25.0%) Est. Cost $41.20 Unrealized +51.0%

ADT ADT INC DEL 1.8%

Value ($000) $3,228 (-17.6%) Shares 400,000 (-11.1%) Est. Cost $7.38 Unrealized +12.0%

EVAC/U EQV VENTURES AC CORP. II 1.1%

Value ($000) $2,005 (-11.0%) Shares 198,313 (-11.9%) Est. Cost $10.01 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WYFI	WHITEFIBER INC	140,000 (-60.6%)	$2,212 (-77.1%)	1.2%	$19.54	+26.5%	SHS	G96115103
AMBQ	AMBIQ MICRO INC	85,089 (-57.5%)	$2,425 (-59.5%)	1.4%	$36.46	-21.4%	COMMON STOCK	023193105
BBIO	BRIDGEBIO PHARMA INC	100,000 (-50.0%)	$7,649 (-26.4%)	4.3%	$34.55	+90.0%	COM	10806X102
LGN	LEGENCE CORP	137,940 (-8.0%)	$5,937 (+28.5%)	3.3%	$31.48	+25.6%	CL A	52476L109
CMPX	COMPASS THERAPEUTICS INC	1,000,000 (-20.0%)	$5,370 (+22.7%)	3.0%	$3.22	+43.5%	COM	20454B104
CYTK	CYTOKINETICS INC	75,000 (-25.0%)	$4,766 (-13.3%)	2.7%	$41.20	+51.0%	COM NEW	23282W605
ADT	ADT INC DEL	400,000 (-11.1%)	$3,228 (-17.6%)	1.8%	$7.38	+12.0%	COM	00090Q103
EVAC/U	EQV VENTURES AC CORP. II	198,313 (-11.9%)	$2,005 (-11.0%)	1.1%	$10.01	—	UNIT 06/30/2032	G3106Q110