Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MRNA	MODERNA INC	5,000	$963K	0.6%	$192.57	$107.77	+78.7%	COM	60770K107
MP	MP MATERIALS CORP	11,000	$520K	0.3%	$47.29	$50.76	-6.8%	COM CL A	553368101
PSX	PHILLIPS 66	2,000	$511K	0.3%	$255.31	$228.44	+11.8%	COM	718546104
MRK	MERCK & CO INC	3,500	$509K	0.3%	$145.31	$138.18	+5.2%	COM	58933Y105
OXY	OCCIDENTAL PETE CORP	8,000	$443K	0.3%	$55.32	$57.15	-3.2%	COM	674599105
COP	CONOCOPHILLIPS	3,500	$438K	0.3%	$125.15	$123.91	+1.0%	COM	20825C104
CVX	CHEVRON CORPORATION	2,000	$408K	0.2%	$204.21	$196.91	+3.7%	COM	166764100
USAR	USA RARE EARTH INC	23,000	$324K	0.2%	$14.08	$16.98	-17.1%	COM	91733P107
APA	APA CORPORATION	5,000	$208K	0.1%	$41.54	$39.70	+4.6%	COM	03743Q108

Increased Positions (8)

META META PLATFORMS INC 2.7%

Value $4.569M (+88.6%) Shares 6,300 (+46.5%) Share Price $725.18 Est. Cost/Share $286.97 Unrealized @ Report Date +152.7%

NVDA NVIDIA CORPORATION 1.4%

Value $2.375M (+97.8%) Shares 10,400 (+73.3%) Share Price $228.38 Est. Cost/Share $168.82 Unrealized @ Report Date +35.3%

FSLR FIRST SOLAR INC 3.0%

Value $5.027M (-17.1%) Shares 28,700 (+11.7%) Share Price $175.16 Est. Cost/Share $167.08 Unrealized @ Report Date +4.8%

VZ VERIZON COMMUNICATIONS INC 3.8%

Value $6.536M (+10.3%) Shares 142,500 (+1.8%) Share Price $45.87 Est. Cost/Share $31.71 Unrealized @ Report Date +44.6%

LUMN LUMEN TECHNOLOGIES INC 0.9%

Value $1.596M (-24.4%) Shares 285,000 (+3.6%) Share Price $5.60 Est. Cost/Share $5.87 Unrealized @ Report Date -4.6%

CCL CARNIVAL CORP LTD 1.0%

Value $1.742M (+41.8%) Shares 71,000 (+65.1%) Share Price $24.54 Est. Cost/Share $26.98 Unrealized @ Report Date —

MPC MARATHON PETE CORP 0.3%

Value $554K (+127.9%) Shares 1,400 (+47.4%) Share Price $395.42 Est. Cost/Share $277.71 Unrealized @ Report Date +42.4%

ALK ALASKA AIR GROUP INC 0.5%

Value $774K (-1.1%) Shares 20,000 (+33.3%) Share Price $38.70 Est. Cost/Share $46.80 Unrealized @ Report Date -17.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
META	META PLATFORMS INC	6,300 (+46.5%)	$4.569M (+88.6%)	2.7%	$725.18	$286.97	+152.7%	CL A	30303M102
NVDA	NVIDIA CORPORATION	10,400 (+73.3%)	$2.375M (+97.8%)	1.4%	$228.38	$168.82	+35.3%	COM	67066G104
FSLR	FIRST SOLAR INC	28,700 (+11.7%)	$5.027M (-17.1%)	3.0%	$175.16	$167.08	+4.8%	COM	336433107
VZ	VERIZON COMMUNICATIONS INC	142,500 (+1.8%)	$6.536M (+10.3%)	3.8%	$45.87	$31.71	+44.6%	COM	92343V104
LUMN	LUMEN TECHNOLOGIES INC	285,000 (+3.6%)	$1.596M (-24.4%)	0.9%	$5.60	$5.87	-4.6%	COM	550241103
CCL	CARNIVAL CORP LTD	71,000 (+65.1%)	$1.742M (+41.8%)	1.0%	$24.54	$26.98	—	COMMON SHARES	G2004J103
MPC	MARATHON PETE CORP	1,400 (+47.4%)	$554K (+127.9%)	0.3%	$395.42	$277.71	+42.4%	COM	56585A102
ALK	ALASKA AIR GROUP INC	20,000 (+33.3%)	$774K (-1.1%)	0.5%	$38.70	$46.80	-17.3%	COM	011659109

Exited Positions (10)

WDC WESTERN DIGITAL CORP 0.7%

Value $1.182M Shares 1,850 Share Price $638.72 * Est. Cost/Share $486.23 Unrealized @ Report Date -6.5%

GEV GE VERNOVA INC 0.4%

Value $646K Shares 550 Share Price $1174.86 * Est. Cost/Share $1020.67 Unrealized @ Report Date -6.9%

LITE LUMENTUM HLDGS INC 0.3%

Value $472K Shares 550 Share Price $858.06 * Est. Cost/Share $892.05 Unrealized @ Report Date +8.9%

CIEN CIENA CORP 0.3%

Value $466K Shares 950 Share Price $490.56 * Est. Cost/Share $509.94 Unrealized @ Report Date -31.0%

FIX COMFORT SYS USA INC 0.2%

Value $347K Shares 175 Share Price $1981.95 * Est. Cost/Share $1269.67 Unrealized @ Report Date +30.3%

ALB ALBEMARLE CORP 0.2%

Value $338K Shares 2,500 Share Price $135.03 * Est. Cost/Share $176.36 Unrealized @ Report Date -40.0%

DXC DXC TECHNOLOGY CO 0.1%

Value $248K Shares 28,000 Share Price $8.85 * Est. Cost/Share $10.36 Unrealized @ Report Date +4.5%

CHTR CHARTER COMMUNICATIONS INC 0.1%

Value $228K Shares 1,600 Share Price $142.21 * Est. Cost/Share $302.19 Unrealized @ Report Date -63.3%

CC CHEMOURS CO 0.1%

Value $205K Shares 10,000 Share Price $20.52 * Est. Cost/Share $12.79 Unrealized @ Report Date +6.1%

CCJ CAMECO CORP 0.1%

Value $204K Shares 2,000 Share Price $101.86 * Est. Cost/Share $114.45 Unrealized @ Report Date -24.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WDC	WESTERN DIGITAL CORP	1,850	$1.182M	0.7%	$638.72 *	$486.23	-6.5%	—	958102105
GEV	GE VERNOVA INC	550	$646K	0.4%	$1174.86 *	$1020.67	-6.9%	—	36828A101
LITE	LUMENTUM HLDGS INC	550	$472K	0.3%	$858.06 *	$892.05	+8.9%	—	55024U109
CIEN	CIENA CORP	950	$466K	0.3%	$490.56 *	$509.94	-31.0%	—	171779309
FIX	COMFORT SYS USA INC	175	$347K	0.2%	$1981.95 *	$1269.67	+30.3%	—	199908104
ALB	ALBEMARLE CORP	2,500	$338K	0.2%	$135.03 *	$176.36	-40.0%	—	012653101
DXC	DXC TECHNOLOGY CO	28,000	$248K	0.1%	$8.85 *	$10.36	+4.5%	—	23355L106
CHTR	CHARTER COMMUNICATIONS INC	1,600	$228K	0.1%	$142.21 *	$302.19	-63.3%	—	16119P108
CC	CHEMOURS CO	10,000	$205K	0.1%	$20.52 *	$12.79	+6.1%	—	163851108
CCJ	CAMECO CORP	2,000	$204K	0.1%	$101.86 *	$114.45	-24.3%	—	13321L108

Decreased Positions (5)

TROX TRONOX HOLDINGS PLC 0.4%

Value $636K (-72.9%) Shares 161,000 (-56.8%) Share Price $3.95 Est. Cost/Share $4.67 Unrealized @ Report Date -15.4%

BE BLOOM ENERGY CORP 4.7%

Value $8.032M (-10.7%) Shares 29,000 (-2.4%) Share Price $276.98 Est. Cost/Share $19.36 Unrealized @ Report Date +1330.6%

FLNC FLUENCE ENERGY INC 0.1%

Value $230K (-76.3%) Shares 30,000 (-38.8%) Share Price $7.68 Est. Cost/Share $15.69 Unrealized @ Report Date -51.0%

AES AES CORP 0.7%

Value $1.266M (-13.6%) Shares 85,000 (-15.0%) Share Price $14.90 Est. Cost/Share $13.58 Unrealized @ Report Date +9.7%

QCOM QUALCOMM INC 2.0%

Value $3.405M (-5.5%) Shares 18,500 (-5.1%) Share Price $184.04 Est. Cost/Share $113.43 Unrealized @ Report Date +62.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TROX	TRONOX HOLDINGS PLC	161,000 (-56.8%)	$636K (-72.9%)	0.4%	$3.95	$4.67	-15.4%	SHS	G9087Q102
BE	BLOOM ENERGY CORP	29,000 (-2.4%)	$8.032M (-10.7%)	4.7%	$276.98	$19.36	+1330.6%	COM CL A	093712107
FLNC	FLUENCE ENERGY INC	30,000 (-38.8%)	$230K (-76.3%)	0.1%	$7.68	$15.69	-51.0%	COM CL A	34379V103
AES	AES CORP	85,000 (-15.0%)	$1.266M (-13.6%)	0.7%	$14.90	$13.58	+9.7%	COM	00130H105
QCOM	QUALCOMM INC	18,500 (-5.1%)	$3.405M (-5.5%)	2.0%	$184.04	$113.43	+62.2%	COM	747525103

Unchanged Positions (19)

MU MICRON TECHNOLOGY INC 36.7%

Value $62.36M Shares 58,550 Share Price $1065.11 Est. Cost/Share $67.27 Unrealized @ Report Date +1483.4%

WBD WARNER BROS DISCOVERY INC 9.2%

Value $15.62M Shares 504,700 Share Price $30.95 Est. Cost/Share $12.77 Unrealized @ Report Date +142.3%

TSM TAIWAN SEMICONDUCTOR MANUFAC 14.2%

Value $24.18M Shares 53,000 Share Price $456.19 Est. Cost/Share $92.25 Unrealized @ Report Date +394.5%

GOOGL ALPHABET INC 5.9%

Value $9.978M Shares 29,000 Share Price $344.08 Est. Cost/Share $123.25 Unrealized @ Report Date +179.2%

NTR NUTRIEN LTD 1.8%

Value $3.128M Shares 44,525 Share Price $70.25 Est. Cost/Share $36.23 Unrealized @ Report Date +93.9%

VLO VALERO ENERGY CORP 0.5%

Value $775K Shares 2,000 Share Price $387.61 Est. Cost/Share $246.22 Unrealized @ Report Date +57.4%

AMZN AMAZON COM INC 3.1%

Value $5.232M Shares 21,000 Share Price $249.15 Est. Cost/Share $137.28 Unrealized @ Report Date +81.5%

LUV SOUTHWEST AIRLS CO 0.2%

Value $423K Shares 10,150 Share Price $41.64 Est. Cost/Share $45.16 Unrealized @ Report Date -7.8%

GOOG ALPHABET INC 1.3%

Value $2.13M Shares 6,250 Share Price $340.74 Est. Cost/Share $142.04 Unrealized @ Report Date +139.9%

FLKR FRANKLIN TEMPLETON ETF TR 0.4%

Value $619K Shares 10,300 Share Price $60.13 Est. Cost/Share $40.73 Unrealized @ Report Date +47.6%

XIFR XPLR INFRASTRUCTURE LP 0.2%

Value $419K Shares 40,000 Share Price $10.47 Est. Cost/Share $10.68 Unrealized @ Report Date -1.9%

STX SEAGATE TECHNOLOGY HLDNGS PL 0.7%

Value $1.153M Shares 1,250 Share Price $922.34 Est. Cost/Share $381.56 Unrealized @ Report Date +141.7%

ZM ZOOM COMMUNICATIONS INC 0.6%

Value $971K Shares 10,700 Share Price $90.77 Est. Cost/Share $82.00 Unrealized @ Report Date +10.7%

EXE EXPAND ENERGY CORPORATION 0.2%

Value $380K Shares 4,520 Share Price $84.09 Est. Cost/Share $100.19 Unrealized @ Report Date -16.1%

SEI SOLARIS ENERGY INFRAS INC 0.1%

Value $214K Shares 3,000 Share Price $71.18 Est. Cost/Share $71.46 Unrealized @ Report Date -0.4%

UBS UBS GROUP AG 0.3%

Value $433K Shares 9,000 Share Price $48.13 Est. Cost/Share $20.56 Unrealized @ Report Date +134.1%

PM PHILIP MORRIS INTL INC 0.1%

Value $229K Shares 1,200 Share Price $190.82 Est. Cost/Share $173.43 Unrealized @ Report Date +10.0%

NFLX NETFLIX INC. 0.2%

Value $285K Shares 4,100 Share Price $69.58 Est. Cost/Share $109.23 Unrealized @ Report Date -36.3%

PG PROCTER & GAMBLE CO 0.2%

Value $262K Shares 1,800 Share Price $145.28 Est. Cost/Share $160.77 Unrealized @ Report Date -9.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MU	MICRON TECHNOLOGY INC	58,550	$62.36M	36.7%	$1065.11	$67.27	+1483.4%	COM	595112103
WBD	WARNER BROS DISCOVERY INC	504,700	$15.62M	9.2%	$30.95	$12.77	+142.3%	COM SER A	934423104
TSM	TAIWAN SEMICONDUCTOR MANUFAC	53,000	$24.18M	14.2%	$456.19	$92.25	+394.5%	SPONSORED ADS	874039100
GOOGL	ALPHABET INC	29,000	$9.978M	5.9%	$344.08	$123.25	+179.2%	CAP STK CL A	02079K305
NTR	NUTRIEN LTD	44,525	$3.128M	1.8%	$70.25	$36.23	+93.9%	COM	67077M108
VLO	VALERO ENERGY CORP	2,000	$775K	0.5%	$387.61	$246.22	+57.4%	COM	91913Y100
AMZN	AMAZON COM INC	21,000	$5.232M	3.1%	$249.15	$137.28	+81.5%	COM	023135106
LUV	SOUTHWEST AIRLS CO	10,150	$423K	0.2%	$41.64	$45.16	-7.8%	COM	844741108
GOOG	ALPHABET INC	6,250	$2.13M	1.3%	$340.74	$142.04	+139.9%	CAP STK CL C	02079K107
FLKR	FRANKLIN TEMPLETON ETF TR	10,300	$619K	0.4%	$60.13	$40.73	+47.6%	FTSE SOUTH KOREA	35473P710
XIFR	XPLR INFRASTRUCTURE LP	40,000	$419K	0.2%	$10.47	$10.68	-1.9%	COM UNIT PART IN	65341B106
STX	SEAGATE TECHNOLOGY HLDNGS PL	1,250	$1.153M	0.7%	$922.34	$381.56	+141.7%	ORD SHS	G7997R103
ZM	ZOOM COMMUNICATIONS INC	10,700	$971K	0.6%	$90.77	$82.00	+10.7%	CL A	98980L101
EXE	EXPAND ENERGY CORPORATION	4,520	$380K	0.2%	$84.09	$100.19	-16.1%	COM	165167735
SEI	SOLARIS ENERGY INFRAS INC	3,000	$214K	0.1%	$71.18	$71.46	-0.4%	COM CL A	83418M103
UBS	UBS GROUP AG	9,000	$433K	0.3%	$48.13	$20.56	+134.1%	SHS	H42097107
PM	PHILIP MORRIS INTL INC	1,200	$229K	0.1%	$190.82	$173.43	+10.0%	COM	718172109
NFLX	NETFLIX INC.	4,100	$285K	0.2%	$69.58	$109.23	-36.3%	COM	64110L106
PG	PROCTER & GAMBLE CO	1,800	$262K	0.2%	$145.28	$160.77	-9.6%	COM	742718109