Nishkama Capital, LLC Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	576,000	$107,424	4.3%	$148.04	+25.7%	CALL	67066G104
GLD	SPDR GOLD TR	245,000	$97,096	3.9%	—	—	PUT	78463V107
BABA	ALIBABA GROUP HLDG LTD	275,000	$40,310	1.6%	$163.61	—	CALL	01609W102
EPAM	EPAM SYS INC	138,806	$28,439	1.1%	$178.28	0.0%	COM	29414B104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	91,740	$27,879	1.1%	$303.89	—	SPONSORED ADS	874039100
FISV	FISERV INC	412,619	$27,716	1.1%	$83.87	0.0%	COM	337738108
SLV	ISHARES SILVER TR	360,000	$23,191	0.9%	—	—	PUT	46428Q109
UPST	UPSTART HLDGS INC	487,060	$21,299	0.9%	$46.04	0.0%	COM	91680M107
NFLX	NETFLIX INC	163,000	$15,283	0.6%	$107.81	0.0%	COM	64110L106
SE	SEA LTD	104,000	$13,267	0.5%	$127.57	—	SPONSORD ADS	81141R100
COHR	COHERENT CORP	67,976	$12,546	0.5%	$149.58	0.0%	COM	19247G107
XYZ	BLOCK INC	187,590	$12,210	0.5%	$68.98	0.0%	CL A	852234103
SHOP	SHOPIFY INC	74,808	$12,042	0.5%	$160.56	0.0%	CL A SUB VTG SHS	82509L107
TXN	TEXAS INSTRS INC	56,396	$9,784	0.4%	$170.73	0.0%	COM	882508104
MU	MICRON TECHNOLOGY INC	32,600	$9,304	0.4%	$229.35	0.0%	COM	595112103
SHLS	SHOALS TECHNOLOGIES GROUP IN	1,086,479	$9,235	0.4%	$8.98	0.0%	CL A	82489W107
LBRT	LIBERTY ENERGY INC	494,991	$9,138	0.4%	$16.71	0.0%	COM CL A	53115L104
TWLO	TWILIO INC	64,116	$9,120	0.4%	$123.87	0.0%	CL A	90138F102
GRAB	GRAB HOLDINGS LIMITED	1,782,744	$8,896	0.4%	$5.53	0.0%	CLASS A ORD	G4124C109
CRM	SALESFORCE INC	26,780	$7,094	0.3%	$248.17	0.0%	COM	79466L302
CLS	CELESTICA INC	21,300	$6,296	0.3%	$201.61	+49.5%	PUT	15101Q207
NXT	NEXTPOWER INC	68,404	$5,959	0.2%	$90.67	0.0%	CLASS A COM	65290E101
GLOB	GLOBANT S A	89,115	$5,825	0.2%	$62.86	0.0%	COM	L44385109
STX	SEAGATE TECHNOLOGY HLDNGS PL	15,400	$4,241	0.2%	$258.92	0.0%	ORD SHS	G7997R103
ICHR	ICHOR HOLDINGS	165,625	$3,052	0.1%	$18.54	0.0%	SHS	G4740B105
DTM	DT MIDSTREAM INC	25,165	$3,012	0.1%	$114.29	0.0%	COMMON STOCK	23345M107
FOUR	SHIFT4 PMTS INC	12,766	$804	0.0%	$70.65	0.0%	CL A	82452J109

Increased Positions (19)

IWM ISHARES TR 13.2%

Value ($000) $328,870 (+53.6%) Shares 1,336,000 (+51.0%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 3.0%

Value ($000) $74,100 (+68.6%) Shares 321,029 (+60.4%) Est. Cost $219.48 Unrealized +4.2%

FIGR FIGURE TECHNOLOGY SOLUTIO 1.2%

Value ($000) $30,860 (+436.2%) Shares 755,620 (+377.5%) Est. Cost $39.76 Unrealized +0.6%

ENTG ENTEGRIS INC 1.1%

Value ($000) $27,017 (+361.1%) Shares 320,681 (+406.1%) Est. Cost $86.39 Unrealized +0.4%

NVDA NVIDIA CORPORATION 1.8%

Value ($000) $46,035 (+58.3%) Shares 246,834 (+58.3%) Est. Cost $148.04 Unrealized +25.7%

NU NU HLDGS LTD 0.7%

Value ($000) $18,622 (+218.2%) Shares 1,112,406 (+204.4%) Est. Cost $15.37 Unrealized +4.5%

WMB WILLIAMS COS INC 0.7%

Value ($000) $18,712 (+208.2%) Shares 311,295 (+224.8%) Est. Cost $59.37 Unrealized +1.2%

FSLR FIRST SOLAR INC 0.9%

Value ($000) $21,721 (+96.0%) Shares 83,150 (+65.5%) Est. Cost $215.78 Unrealized +16.9%

MSFT MICROSOFT CORP 2.3%

Value ($000) $56,922 (+22.1%) Shares 117,700 (+30.8%) Est. Cost $432.38 Unrealized +15.8%

BABA ALIBABA GROUP HLDG LTD 0.9%

Value ($000) $22,554 (+54.8%) Shares 153,870 (+88.7%) Est. Cost $163.61 Unrealized —

WRBY WARBY PARKER INC 0.4%

Value ($000) $10,483 (+256.8%) Shares 481,094 (+351.6%) Est. Cost $21.03 Unrealized +3.4%

ENVX ENOVIX CORPORATION 0.2%

Value ($000) $5,957 (+99.3%) Shares 814,846 (+171.8%) Est. Cost $9.89 Unrealized -2.0%

TIC TIC SOLUTIONS INC 0.3%

Value ($000) $8,451 (+48.2%) Shares 835,935 (+95.1%) Est. Cost $11.27 Unrealized -1.2%

EQT EQT CORP 0.5%

Value ($000) $12,171 (+20.3%) Shares 227,062 (+22.2%) Est. Cost $53.25 Unrealized +5.4%

IMAX IMAX CORP 0.2%

Value ($000) $5,955 (+44.4%) Shares 161,132 (+28.0%) Est. Cost $28.28 Unrealized +23.3%

TLT ISHARES TR 1.7%

Value ($000) $42,708 (+3.2%) Shares 490,000 (+5.8%) Est. Cost — Unrealized —

FND FLOOR & DECOR HLDGS INC 0.2%

Value ($000) $6,116 (+21.5%) Shares 100,439 (+47.0%) Est. Cost $76.48 Unrealized -15.2%

UWMC UWM HOLDINGS CORPORATION 0.3%

Value ($000) $7,448 (-10.2%) Shares 1,700,450 (+24.9%) Est. Cost $5.27 Unrealized +2.1%

CCOI COGENT COMMUNICATIONS HLDGS 0.2%

Value ($000) $3,873 (-4.4%) Shares 179,661 (+70.0%) Est. Cost $36.27 Unrealized -18.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	1,336,000 (+51.0%)	$328,870 (+53.6%)	13.2%	—	—	PUT	464287655
AMZN	AMAZON COM INC	321,029 (+60.4%)	$74,100 (+68.6%)	3.0%	$219.48	+4.2%	COM	023135106
FIGR	FIGURE TECHNOLOGY SOLUTIO	755,620 (+377.5%)	$30,860 (+436.2%)	1.2%	$39.76	+0.6%	COM CL A	349381103
ENTG	ENTEGRIS INC	320,681 (+406.1%)	$27,017 (+361.1%)	1.1%	$86.39	+0.4%	COM	29362U104
NVDA	NVIDIA CORPORATION	246,834 (+58.3%)	$46,035 (+58.3%)	1.8%	$148.04	+25.7%	COM	67066G104
NU	NU HLDGS LTD	1,112,406 (+204.4%)	$18,622 (+218.2%)	0.7%	$15.37	+4.5%	ORD SHS CL A	G6683N103
WMB	WILLIAMS COS INC	311,295 (+224.8%)	$18,712 (+208.2%)	0.7%	$59.37	+1.2%	COM	969457100
FSLR	FIRST SOLAR INC	83,150 (+65.5%)	$21,721 (+96.0%)	0.9%	$215.78	+16.9%	COM	336433107
MSFT	MICROSOFT CORP	117,700 (+30.8%)	$56,922 (+22.1%)	2.3%	$432.38	+15.8%	CALL	594918104
BABA	ALIBABA GROUP HLDG LTD	153,870 (+88.7%)	$22,554 (+54.8%)	0.9%	$163.61	—	SPONSORED ADS	01609W102
WRBY	WARBY PARKER INC	481,094 (+351.6%)	$10,483 (+256.8%)	0.4%	$21.03	+3.4%	CL A COM	93403J106
ENVX	ENOVIX CORPORATION	814,846 (+171.8%)	$5,957 (+99.3%)	0.2%	$9.89	-2.0%	COM	293594107
TIC	TIC SOLUTIONS INC	835,935 (+95.1%)	$8,451 (+48.2%)	0.3%	$11.27	-1.2%	COM	00510N102
EQT	EQT CORP	227,062 (+22.2%)	$12,171 (+20.3%)	0.5%	$53.25	+5.4%	COM	26884L109
IMAX	IMAX CORP	161,132 (+28.0%)	$5,955 (+44.4%)	0.2%	$28.28	+23.3%	COM	45245E109
TLT	ISHARES TR	490,000 (+5.8%)	$42,708 (+3.2%)	1.7%	—	—	PUT	464287432
FND	FLOOR & DECOR HLDGS INC	100,439 (+47.0%)	$6,116 (+21.5%)	0.2%	$76.48	-15.2%	CL A	339750101
UWMC	UWM HOLDINGS CORPORATION	1,700,450 (+24.9%)	$7,448 (-10.2%)	0.3%	$5.27	+2.1%	COM CL A	91823B109
CCOI	COGENT COMMUNICATIONS HLDGS	179,661 (+70.0%)	$3,873 (-4.4%)	0.2%	$36.27	-18.7%	COM NEW	19239V302

Exited Positions (79)

TLT ISHARES TR 12.5%

Value ($000) $312,795 Shares 3,500,000 Est. Cost — Unrealized —

C CITIGROUP INC 3.9%

Value ($000) $97,948 Shares 965,000 Est. Cost — Unrealized —

AXP AMERICAN EXPRESS CO 3.4%

Value ($000) $84,701 Shares 255,000 Est. Cost — Unrealized —

AAPL APPLE INC 2.9%

Value ($000) $72,570 Shares 285,000 Est. Cost $225.58 Unrealized +19.0%

AAPL APPLE INC 2.7%

Value ($000) $68,078 Shares 267,360 Est. Cost $225.58 Unrealized +19.0%

COF CAPITAL ONE FINL CORP 2.3%

Value ($000) $56,334 Shares 265,000 Est. Cost — Unrealized —

HPE HEWLETT PACKARD ENTERPRISE C 2.2%

Value ($000) $54,796 Shares 2,231,092 Est. Cost $21.88 Unrealized +7.1%

MSTR STRATEGY INC 2.2%

Value ($000) $53,648 Shares 166,500 Est. Cost — Unrealized —

CVNA CARVANA CO 2.1%

Value ($000) $53,153 Shares 140,900 Est. Cost $189.85 Unrealized +95.8%

MCD MCDONALDS CORP 2.0%

Value ($000) $48,926 Shares 161,000 Est. Cost $301.40 Unrealized +1.2%

SOFI SOFI TECHNOLOGIES INC 1.6%

Value ($000) $40,951 Shares 1,550,000 Est. Cost — Unrealized —

MSFT MICROSOFT CORP 1.6%

Value ($000) $39,924 Shares 77,080 Est. Cost $432.38 Unrealized +15.8%

FDX FEDEX CORP 1.5%

Value ($000) $37,730 Shares 160,000 Est. Cost — Unrealized —

XYZ BLOCK INC 1.4%

Value ($000) $36,135 Shares 500,000 Est. Cost $68.98 Unrealized 0.0%

FSLR FIRST SOLAR INC 1.4%

Value ($000) $34,623 Shares 157,000 Est. Cost $215.78 Unrealized +16.9%

RBLX ROBLOX CORP 1.3%

Value ($000) $31,614 Shares 228,226 Est. Cost $124.28 Unrealized -14.6%

DUOL DUOLINGO INC 1.3%

Value ($000) $31,470 Shares 97,780 Est. Cost $334.45 Unrealized -29.5%

EBAY EBAY INC. 1.2%

Value ($000) $30,332 Shares 333,500 Est. Cost — Unrealized —

MCD MCDONALDS CORP 1.2%

Value ($000) $30,007 Shares 98,743 Est. Cost $301.40 Unrealized +1.2%

WIX WIX COM LTD 1.2%

Value ($000) $29,112 Shares 163,892 Est. Cost $150.49 Unrealized -19.7%

SPOT SPOTIFY TECHNOLOGY S A 1.1%

Value ($000) $28,093 Shares 40,248 Est. Cost $699.24 Unrealized -10.6%

WMB WILLIAMS COS INC 1.1%

Value ($000) $27,241 Shares 430,000 Est. Cost $59.37 Unrealized +1.2%

META META PLATFORMS INC 1.0%

Value ($000) $24,235 Shares 33,000 Est. Cost $616.61 Unrealized +8.2%

NU NU HLDGS LTD 1.0%

Value ($000) $24,175 Shares 1,510,000 Est. Cost $15.37 Unrealized +4.5%

CEG CONSTELLATION ENERGY CORP 0.9%

Value ($000) $22,564 Shares 68,570 Est. Cost $281.34 Unrealized +29.1%

DUOL DUOLINGO INC 0.9%

Value ($000) $22,207 Shares 69,000 Est. Cost $334.45 Unrealized -29.5%

V VISA INC 0.9%

Value ($000) $22,190 Shares 65,000 Est. Cost — Unrealized —

EQT EQT CORP 0.8%

Value ($000) $21,010 Shares 386,000 Est. Cost $53.25 Unrealized +5.4%

RBLX ROBLOX CORP 0.8%

Value ($000) $20,778 Shares 150,000 Est. Cost $124.28 Unrealized -14.6%

TEAM ATLASSIAN CORPORATION 0.8%

Value ($000) $20,761 Shares 130,000 Est. Cost — Unrealized —

MA MASTERCARD INCORPORATED 0.8%

Value ($000) $20,193 Shares 35,500 Est. Cost — Unrealized —

CELH CELSIUS HLDGS INC 0.8%

Value ($000) $19,731 Shares 343,206 Est. Cost $38.52 Unrealized +30.8%

MDB MONGODB INC 0.8%

Value ($000) $18,945 Shares 61,039 Est. Cost $257.06 Unrealized +41.5%

HOOD ROBINHOOD MKTS INC 0.7%

Value ($000) $18,613 Shares 130,000 Est. Cost $59.18 Unrealized +119.7%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.7%

Value ($000) $18,154 Shares 65,000 Est. Cost $303.89 Unrealized —

U UNITY SOFTWARE INC 0.7%

Value ($000) $17,742 Shares 443,100 Est. Cost $22.17 Unrealized +83.9%

SNOW SNOWFLAKE INC 0.7%

Value ($000) $17,550 Shares 77,808 Est. Cost $214.74 Unrealized +13.7%

CHWY CHEWY INC 0.7%

Value ($000) $17,498 Shares 432,577 Est. Cost $34.11 Unrealized +1.8%

VST VISTRA CORP 0.7%

Value ($000) $17,442 Shares 89,024 Est. Cost $147.45 Unrealized +23.4%

KKR KKR & CO INC 0.7%

Value ($000) $16,569 Shares 127,500 Est. Cost — Unrealized —

KMI KINDER MORGAN INC DEL 0.6%

Value ($000) $15,188 Shares 536,500 Est. Cost $26.97 Unrealized -0.2%

ESTC ELASTIC N V 0.6%

Value ($000) $15,066 Shares 178,315 Est. Cost $86.76 Unrealized -6.0%

INTU INTUIT 0.6%

Value ($000) $15,024 Shares 22,000 Est. Cost — Unrealized —

XLE SELECT SECTOR SPDR TR 0.6%

Value ($000) $14,813 Shares 165,800 Est. Cost — Unrealized —

DT DYNATRACE INC 0.6%

Value ($000) $14,458 Shares 298,403 Est. Cost $50.61 Unrealized -7.9%

WDAY WORKDAY INC 0.6%

Value ($000) $14,444 Shares 60,000 Est. Cost — Unrealized —

DVN DEVON ENERGY CORP NEW 0.6%

Value ($000) $14,024 Shares 400,000 Est. Cost — Unrealized —

BBY BEST BUY INC 0.6%

Value ($000) $13,914 Shares 184,000 Est. Cost — Unrealized —

NOW SERVICENOW INC 0.5%

Value ($000) $13,344 Shares 14,500 Est. Cost — Unrealized —

KMI KINDER MORGAN INC DEL 0.5%

Value ($000) $13,137 Shares 464,026 Est. Cost $26.97 Unrealized -0.2%

GOOGL ALPHABET INC 0.5%

Value ($000) $12,916 Shares 53,131 Est. Cost $209.20 Unrealized +36.5%

NVDA NVIDIA CORPORATION 0.5%

Value ($000) $12,781 Shares 68,500 Est. Cost $148.04 Unrealized +25.7%

CFLT CONFLUENT INC 0.5%

Value ($000) $11,905 Shares 601,274 Est. Cost $20.91 Unrealized +17.4%

NEE NEXTERA ENERGY INC 0.5%

Value ($000) $11,787 Shares 156,138 Est. Cost $72.21 Unrealized +14.2%

ETR ENTERGY CORP NEW 0.5%

Value ($000) $11,737 Shares 125,943 Est. Cost $87.11 Unrealized +8.5%

SYF SYNCHRONY FINANCIAL 0.5%

Value ($000) $11,368 Shares 160,000 Est. Cost — Unrealized —

NBIS NEBIUS GROUP N.V. 0.4%

Value ($000) $10,441 Shares 93,000 Est. Cost — Unrealized —

ETSY ETSY INC 0.4%

Value ($000) $10,378 Shares 156,321 Est. Cost $59.71 Unrealized +2.2%

BEKE KE HLDGS INC 0.4%

Value ($000) $9,292 Shares 489,037 Est. Cost $17.74 Unrealized —

PDD PDD HOLDINGS INC 0.4%

Value ($000) $8,877 Shares 67,162 Est. Cost $132.17 Unrealized —

SONY SONY GROUP CORP 0.3%

Value ($000) $8,656 Shares 300,667 Est. Cost $28.79 Unrealized —

META META PLATFORMS INC 0.3%

Value ($000) $7,862 Shares 10,706 Est. Cost $616.61 Unrealized +8.2%

CART MAPLEBEAR INC 0.3%

Value ($000) $7,297 Shares 198,513 Est. Cost $34.66 Unrealized +18.1%

HOOD ROBINHOOD MKTS INC 0.2%

Value ($000) $6,209 Shares 43,367 Est. Cost $59.18 Unrealized +119.7%

OLED UNIVERSAL DISPLAY CORP 0.2%

Value ($000) $6,058 Shares 42,181 Est. Cost $144.44 Unrealized -10.5%

AMAT APPLIED MATLS INC 0.2%

Value ($000) $6,020 Shares 29,401 Est. Cost $180.78 Unrealized +32.5%

PRIM PRIMORIS SVCS CORP 0.2%

Value ($000) $5,965 Shares 43,432 Est. Cost $64.70 Unrealized +101.8%

AES AES CORP 0.2%

Value ($000) $5,924 Shares 450,150 Est. Cost $12.77 Unrealized +9.9%

FIVN FIVE9 INC 0.2%

Value ($000) $5,835 Shares 241,115 Est. Cost $26.02 Unrealized -18.4%

TLN TALEN ENERGY CORP 0.2%

Value ($000) $5,598 Shares 13,161 Est. Cost $216.89 Unrealized +79.2%

FLNC FLUENCE ENERGY INC 0.2%

Value ($000) $5,414 Shares 501,321 Est. Cost $8.36 Unrealized +125.5%

PTON PELOTON INTERACTIVE INC 0.2%

Value ($000) $4,727 Shares 525,237 Est. Cost $6.58 Unrealized +7.0%

FROG JFROG LTD 0.2%

Value ($000) $3,978 Shares 84,040 Est. Cost $45.18 Unrealized +25.9%

IREN IREN LIMITED 0.2%

Value ($000) $3,928 Shares 83,695 Est. Cost $24.29 Unrealized +112.4%

LITE LUMENTUM HLDGS INC 0.2%

Value ($000) $3,869 Shares 23,778 Est. Cost $70.96 Unrealized +261.9%

TBCH TURTLE BEACH CORP 0.1%

Value ($000) $3,066 Shares 192,854 Est. Cost $14.85 Unrealized +0.1%

TSEM TOWER SEMICONDUCTOR LTD 0.1%

Value ($000) $3,053 Shares 42,230 Est. Cost $38.39 Unrealized +150.9%

KNX KNIGHT-SWIFT TRANSN HLDGS IN 0.1%

Value ($000) $2,933 Shares 74,230 Est. Cost $43.04 Unrealized +8.6%

FIGR FIGURE TECHNOLOGY SOLUTIO 0.1%

Value ($000) $2,910 Shares 80,000 Est. Cost $39.76 Unrealized +0.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TLT	ISHARES TR	3,500,000	$312,795	12.5%	—	—	CALL	464287432
C	CITIGROUP INC	965,000	$97,948	3.9%	—	—	PUT	172967424
AXP	AMERICAN EXPRESS CO	255,000	$84,701	3.4%	—	—	PUT	025816109
AAPL	APPLE INC	285,000	$72,570	2.9%	$225.58	+19.0%	CALL	037833100
AAPL	APPLE INC	267,360	$68,078	2.7%	$225.58	+19.0%	—	037833100
COF	CAPITAL ONE FINL CORP	265,000	$56,334	2.3%	—	—	PUT	14040H105
HPE	HEWLETT PACKARD ENTERPRISE C	2,231,092	$54,796	2.2%	$21.88	+7.1%	—	42824C109
MSTR	STRATEGY INC	166,500	$53,648	2.2%	—	—	PUT	594972408
CVNA	CARVANA CO	140,900	$53,153	2.1%	$189.85	+95.8%	PUT	146869102
MCD	MCDONALDS CORP	161,000	$48,926	2.0%	$301.40	+1.2%	CALL	580135101
SOFI	SOFI TECHNOLOGIES INC	1,550,000	$40,951	1.6%	—	—	PUT	83406F102
MSFT	MICROSOFT CORP	77,080	$39,924	1.6%	$432.38	+15.8%	—	594918104
FDX	FEDEX CORP	160,000	$37,730	1.5%	—	—	PUT	31428X106
XYZ	BLOCK INC	500,000	$36,135	1.4%	$68.98	0.0%	PUT	852234103
FSLR	FIRST SOLAR INC	157,000	$34,623	1.4%	$215.78	+16.9%	CALL	336433107
RBLX	ROBLOX CORP	228,226	$31,614	1.3%	$124.28	-14.6%	—	771049103
DUOL	DUOLINGO INC	97,780	$31,470	1.3%	$334.45	-29.5%	—	26603R106
EBAY	EBAY INC.	333,500	$30,332	1.2%	—	—	PUT	278642103
MCD	MCDONALDS CORP	98,743	$30,007	1.2%	$301.40	+1.2%	—	580135101
WIX	WIX COM LTD	163,892	$29,112	1.2%	$150.49	-19.7%	—	M98068105
SPOT	SPOTIFY TECHNOLOGY S A	40,248	$28,093	1.1%	$699.24	-10.6%	—	L8681T102
WMB	WILLIAMS COS INC	430,000	$27,241	1.1%	$59.37	+1.2%	CALL	969457100
META	META PLATFORMS INC	33,000	$24,235	1.0%	$616.61	+8.2%	CALL	30303M102
NU	NU HLDGS LTD	1,510,000	$24,175	1.0%	$15.37	+4.5%	CALL	G6683N103
CEG	CONSTELLATION ENERGY CORP	68,570	$22,564	0.9%	$281.34	+29.1%	—	21037T109
DUOL	DUOLINGO INC	69,000	$22,207	0.9%	$334.45	-29.5%	CALL	26603R106
V	VISA INC	65,000	$22,190	0.9%	—	—	PUT	92826C839
EQT	EQT CORP	386,000	$21,010	0.8%	$53.25	+5.4%	CALL	26884L109
RBLX	ROBLOX CORP	150,000	$20,778	0.8%	$124.28	-14.6%	PUT	771049103
TEAM	ATLASSIAN CORPORATION	130,000	$20,761	0.8%	—	—	PUT	049468101
MA	MASTERCARD INCORPORATED	35,500	$20,193	0.8%	—	—	PUT	57636Q104
CELH	CELSIUS HLDGS INC	343,206	$19,731	0.8%	$38.52	+30.8%	—	15118V207
MDB	MONGODB INC	61,039	$18,945	0.8%	$257.06	+41.5%	—	60937P106
HOOD	ROBINHOOD MKTS INC	130,000	$18,613	0.7%	$59.18	+119.7%	CALL	770700102
TSM	TAIWAN SEMICONDUCTOR MFG LTD	65,000	$18,154	0.7%	$303.89	—	PUT	874039100
U	UNITY SOFTWARE INC	443,100	$17,742	0.7%	$22.17	+83.9%	PUT	91332U101
SNOW	SNOWFLAKE INC	77,808	$17,550	0.7%	$214.74	+13.7%	—	833445109
CHWY	CHEWY INC	432,577	$17,498	0.7%	$34.11	+1.8%	—	16679L109
VST	VISTRA CORP	89,024	$17,442	0.7%	$147.45	+23.4%	—	92840M102
KKR	KKR & CO INC	127,500	$16,569	0.7%	—	—	PUT	48251W104
KMI	KINDER MORGAN INC DEL	536,500	$15,188	0.6%	$26.97	-0.2%	CALL	49456B101
ESTC	ELASTIC N V	178,315	$15,066	0.6%	$86.76	-6.0%	—	N14506104
INTU	INTUIT	22,000	$15,024	0.6%	—	—	PUT	461202103
XLE	SELECT SECTOR SPDR TR	165,800	$14,813	0.6%	—	—	CALL	81369Y506
DT	DYNATRACE INC	298,403	$14,458	0.6%	$50.61	-7.9%	—	268150109
WDAY	WORKDAY INC	60,000	$14,444	0.6%	—	—	PUT	98138H101
DVN	DEVON ENERGY CORP NEW	400,000	$14,024	0.6%	—	—	CALL	25179M103
BBY	BEST BUY INC	184,000	$13,914	0.6%	—	—	CALL	086516101
NOW	SERVICENOW INC	14,500	$13,344	0.5%	—	—	PUT	81762P102
KMI	KINDER MORGAN INC DEL	464,026	$13,137	0.5%	$26.97	-0.2%	—	49456B101
GOOGL	ALPHABET INC	53,131	$12,916	0.5%	$209.20	+36.5%	—	02079K305
NVDA	NVIDIA CORPORATION	68,500	$12,781	0.5%	$148.04	+25.7%	PUT	67066G104
CFLT	CONFLUENT INC	601,274	$11,905	0.5%	$20.91	+17.4%	—	20717M103
NEE	NEXTERA ENERGY INC	156,138	$11,787	0.5%	$72.21	+14.2%	—	65339F101
ETR	ENTERGY CORP NEW	125,943	$11,737	0.5%	$87.11	+8.5%	—	29364G103
SYF	SYNCHRONY FINANCIAL	160,000	$11,368	0.5%	—	—	PUT	87165B103
NBIS	NEBIUS GROUP N.V.	93,000	$10,441	0.4%	—	—	CALL	N97284108
ETSY	ETSY INC	156,321	$10,378	0.4%	$59.71	+2.2%	—	29786A106
BEKE	KE HLDGS INC	489,037	$9,292	0.4%	$17.74	—	—	482497104
PDD	PDD HOLDINGS INC	67,162	$8,877	0.4%	$132.17	—	—	722304102
SONY	SONY GROUP CORP	300,667	$8,656	0.3%	$28.79	—	—	835699307
META	META PLATFORMS INC	10,706	$7,862	0.3%	$616.61	+8.2%	—	30303M102
CART	MAPLEBEAR INC	198,513	$7,297	0.3%	$34.66	+18.1%	—	565394103
HOOD	ROBINHOOD MKTS INC	43,367	$6,209	0.2%	$59.18	+119.7%	—	770700102
OLED	UNIVERSAL DISPLAY CORP	42,181	$6,058	0.2%	$144.44	-10.5%	—	91347P105
AMAT	APPLIED MATLS INC	29,401	$6,020	0.2%	$180.78	+32.5%	—	038222105
PRIM	PRIMORIS SVCS CORP	43,432	$5,965	0.2%	$64.70	+101.8%	—	74164F103
AES	AES CORP	450,150	$5,924	0.2%	$12.77	+9.9%	—	00130H105
FIVN	FIVE9 INC	241,115	$5,835	0.2%	$26.02	-18.4%	—	338307101
TLN	TALEN ENERGY CORP	13,161	$5,598	0.2%	$216.89	+79.2%	—	87422Q109
FLNC	FLUENCE ENERGY INC	501,321	$5,414	0.2%	$8.36	+125.5%	—	34379V103
PTON	PELOTON INTERACTIVE INC	525,237	$4,727	0.2%	$6.58	+7.0%	—	70614W100
FROG	JFROG LTD	84,040	$3,978	0.2%	$45.18	+25.9%	—	M6191J100
IREN	IREN LIMITED	83,695	$3,928	0.2%	$24.29	+112.4%	—	Q4982L109
LITE	LUMENTUM HLDGS INC	23,778	$3,869	0.2%	$70.96	+261.9%	—	55024U109
TBCH	TURTLE BEACH CORP	192,854	$3,066	0.1%	$14.85	+0.1%	—	900450206
TSEM	TOWER SEMICONDUCTOR LTD	42,230	$3,053	0.1%	$38.39	+150.9%	—	M87915274
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	74,230	$2,933	0.1%	$43.04	+8.6%	—	499049104
FIGR	FIGURE TECHNOLOGY SOLUTIO	80,000	$2,910	0.1%	$39.76	+0.6%	PUT	349381103

Decreased Positions (14)

SPY SPDR S&P 500 ETF TR 27.9%

Value ($000) $696,377 (-21.9%) Shares 1,021,200 (-23.7%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 2.0%

Value ($000) $51,011 (-74.5%) Shares 221,000 (-75.7%) Est. Cost $219.48 Unrealized +4.2%

BE BLOOM ENERGY CORP 0.8%

Value ($000) $21,056 (-74.3%) Shares 242,332 (-75.0%) Est. Cost $40.85 Unrealized +157.2%

APP APPLOVIN CORP 1.0%

Value ($000) $24,303 (-45.1%) Shares 36,068 (-41.5%) Est. Cost $317.16 Unrealized +98.7%

HUT HUT 8 CORP 0.4%

Value ($000) $9,451 (-66.4%) Shares 205,722 (-74.5%) Est. Cost $25.41 Unrealized +73.4%

CVNA CARVANA CO 0.7%

Value ($000) $16,810 (-49.5%) Shares 39,833 (-54.9%) Est. Cost $189.85 Unrealized +95.8%

APP APPLOVIN CORP 1.0%

Value ($000) $24,258 (-28.3%) Shares 36,000 (-23.6%) Est. Cost $317.16 Unrealized +98.7%

GDS GDS HLDGS LTD 0.8%

Value ($000) $19,450 (-30.6%) Shares 557,312 (-23.1%) Est. Cost $38.70 Unrealized —

RKT ROCKET COS INC 0.5%

Value ($000) $12,185 (-34.5%) Shares 629,393 (-34.4%) Est. Cost $17.29 Unrealized +3.4%

U UNITY SOFTWARE INC 0.5%

Value ($000) $11,960 (-33.2%) Shares 270,770 (-39.5%) Est. Cost $22.17 Unrealized +83.9%

QQQ INVESCO QQQ TR 11.3%

Value ($000) $280,740 (-1.8%) Shares 457,000 (-4.0%) Est. Cost — Unrealized —

RDDT REDDIT INC 0.5%

Value ($000) $12,138 (-17.6%) Shares 52,803 (-17.5%) Est. Cost $113.37 Unrealized +85.5%

WULF TERAWULF INC 0.5%

Value ($000) $11,710 (-10.7%) Shares 1,019,138 (-11.2%) Est. Cost $7.64 Unrealized +75.4%

CLS CELESTICA INC 0.3%

Value ($000) $6,322 (+4.1%) Shares 21,387 (-13.3%) Est. Cost $201.61 Unrealized +49.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	1,021,200 (-23.7%)	$696,377 (-21.9%)	27.9%	—	—	PUT	78462F103
AMZN	AMAZON COM INC	221,000 (-75.7%)	$51,011 (-74.5%)	2.0%	$219.48	+4.2%	CALL	023135106
BE	BLOOM ENERGY CORP	242,332 (-75.0%)	$21,056 (-74.3%)	0.8%	$40.85	+157.2%	COM CL A	093712107
APP	APPLOVIN CORP	36,068 (-41.5%)	$24,303 (-45.1%)	1.0%	$317.16	+98.7%	COM CL A	03831W108
HUT	HUT 8 CORP	205,722 (-74.5%)	$9,451 (-66.4%)	0.4%	$25.41	+73.4%	COM	44812J104
CVNA	CARVANA CO	39,833 (-54.9%)	$16,810 (-49.5%)	0.7%	$189.85	+95.8%	CL A	146869102
APP	APPLOVIN CORP	36,000 (-23.6%)	$24,258 (-28.3%)	1.0%	$317.16	+98.7%	PUT	03831W108
GDS	GDS HLDGS LTD	557,312 (-23.1%)	$19,450 (-30.6%)	0.8%	$38.70	—	SPONSORED ADS	36165L108
RKT	ROCKET COS INC	629,393 (-34.4%)	$12,185 (-34.5%)	0.5%	$17.29	+3.4%	COM CL A	77311W101
U	UNITY SOFTWARE INC	270,770 (-39.5%)	$11,960 (-33.2%)	0.5%	$22.17	+83.9%	COM	91332U101
QQQ	INVESCO QQQ TR	457,000 (-4.0%)	$280,740 (-1.8%)	11.3%	—	—	PUT	46090E103
RDDT	REDDIT INC	52,803 (-17.5%)	$12,138 (-17.6%)	0.5%	$113.37	+85.5%	CL A	75734B100
WULF	TERAWULF INC	1,019,138 (-11.2%)	$11,710 (-10.7%)	0.5%	$7.64	+75.4%	COM	88080T104
CLS	CELESTICA INC	21,387 (-13.3%)	$6,322 (+4.1%)	0.3%	$201.61	+49.5%	COM	15101Q207

Unchanged Positions (1)

Z ZILLOW GROUP INC 0.7%

Value ($000) $18,161 Shares 266,218 Est. Cost $81.72 Unrealized -11.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
Z	ZILLOW GROUP INC	266,218	$18,161	0.7%	$81.72	-11.4%	CL C CAP STK	98954M200