TradeLink Capital LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WMT	WALMART INC	17,750	$2	15.8%	$107.20	0.0%	COM	931142103
TECH	BIO-TECHNE CORP	20,804	$1	9.8%	$60.72	0.0%	COM	09073M104
IYR	ISHR DJ REAL EST	9,200	$1	6.9%	$0.09	—	COM	464287739
CSGP	COSTAR GROUP INC	11,356	$1	6.1%	$70.84	0.0%	COM	22160N109
—	CELESTICA INC	1,720	$1	4.1%	$0.30	—	COM	15101Q108
PANW	PALO ALTO NETWORK INC	2,600	$0	3.8%	$201.75	0.0%	COM	697435105
COHU	COHU INC	16,874	$0	3.1%	$22.92	0.0%	COM	192576106
NDSN	NORDSON CORP	1,270	$0	2.4%	$234.27	0.0%	COM	655663102
ENVA	ENOVA INTERNATIONAL INC	1,894	$0	2.4%	$130.16	0.0%	COM	29357K103
ICFI	ICF INTERNATIONAL INC	3,467	$0	2.4%	$84.88	0.0%	COM	44925C103
GXO	GXO LOGISTICS	5,620	$0	2.4%	$52.55	0.0%	COM	36262G101
SITE	SITEONE LANDSCAPE SUPPLY INC	2,370	$0	2.4%	$126.61	0.0%	COM	82982L103
MCHP	MICROCHIP TECHNOLOGY INC	4,474	$0	2.3%	$61.35	0.0%	COM	595017104
GLOB	GLOBANT SA	3,837	$0	2.0%	$62.86	0.0%	COM	L44385109
KFY	KORN/FERRY INTERNATIONAL	3,610	$0	1.9%	$66.87	0.0%	COM	500643200
SMG	SCOTTS MIRACLE-GRO CO	4,032	$0	1.9%	$55.17	0.0%	COM	810186106
CODI	COMPASS DIVERSIFIED HOLDINGS	28,167	$0	1.1%	$6.32	0.0%	COM	20451Q104
ALIT	ALIGHT INC - CLASS A	13,100	$0	0.2%	$2.46	0.0%	COM	01626W101

Increased Positions (4)

MDY SPDR S&P MIDCAP 400 ETF 6.3%

Value ($000) $1 (+44.6%) Shares 1,300 (+42.9%) Est. Cost $0.60 Unrealized —

MSM MSC INDUSTRIAL DIRECT CO INC 6.7%

Value ($000) $1 (+37.9%) Shares 10,000 (+51.1%) Est. Cost $82.29 Unrealized +5.3%

MNRO MONRO INC 2.3%

Value ($000) $0 (+24.8%) Shares 14,085 (+12.1%) Est. Cost $16.63 Unrealized +10.7%

DV DOUBLEVERIFY HOL 1.7%

Value ($000) $0 (-2.4%) Shares 18,097 (+10124.3%) Est. Cost $11.06 Unrealized -0.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MDY	SPDR S&P MIDCAP 400 ETF	1,300 (+42.9%)	$1 (+44.6%)	6.3%	$0.60	—	COM	78467Y107
MSM	MSC INDUSTRIAL DIRECT CO INC	10,000 (+51.1%)	$1 (+37.9%)	6.7%	$82.29	+5.3%	COM	553530106
MNRO	MONRO INC	14,085 (+12.1%)	$0 (+24.8%)	2.3%	$16.63	+10.7%	COM	610236101
DV	DOUBLEVERIFY HOL	18,097 (+10124.3%)	$0 (-2.4%)	1.7%	$11.06	-0.2%	COM	25862V105

Exited Positions (20)

HOOD Robinhood Markets Inc 9.4%

Value ($000) $1 Shares 8,165 Est. Cost $109.05 Unrealized +19.3%

G G 11/21/2025 PUT 40 8.4%

Value ($000) $1 Shares 16,371 Est. Cost $43.82 Unrealized -1.3%

WLY John Wiley & Sons Inc 7.7%

Value ($000) $1 Shares 23,703 Est. Cost $44.15 Unrealized -21.2%

MIDD Middleby Corp 6.8%

Value ($000) $1 Shares 6,372 Est. Cost $138.84 Unrealized -5.5%

LRN Stride Inc 5.3%

Value ($000) $1 Shares 4,472 Est. Cost $146.61 Unrealized -38.1%

IESC IES Holdings Inc 4.0%

Value ($000) $1 Shares 1,263 Est. Cost $344.15 Unrealized +16.8%

— Hillenbrand Inc 3.8%

Value ($000) $0 Shares 17,591 Est. Cost $0.03 Unrealized —

ESI Element Solutions Inc 3.8%

Value ($000) $0 Shares 18,681 Est. Cost $20.78 Unrealized +24.7%

MTX MTX 11/21/2025 PUT 60 3.5%

Value ($000) $0 Shares 71 Est. Cost $56.00 Unrealized +5.5%

CGNX CGNX 10/17/2025 CALL 45 3.2%

Value ($000) $0 Shares 88 Est. Cost $40.34 Unrealized +0.2%

ST Sensata Technologies Holding PLC 3.0%

Value ($000) $0 Shares 12,196 Est. Cost $24.54 Unrealized +30.3%

OPLN OPENLANE Inc 3.0%

Value ($000) $0 Shares 12,869 Est. Cost $21.12 Unrealized +28.1%

VECO Veeco Instruments Inc 2.9%

Value ($000) $0 Shares 12,025 Est. Cost $19.73 Unrealized +50.3%

DNOW DNOW Inc 1.9%

Value ($000) $0 Shares 15,800 Est. Cost $15.09 Unrealized -7.0%

TTMI TTM Technologies Inc 1.8%

Value ($000) $0 Shares 3,928 Est. Cost $46.47 Unrealized +40.4%

SON SON 10/17/2025 PUT 45 1.8%

Value ($000) $0 Shares 52 Est. Cost $45.36 Unrealized -9.2%

AMBA Ambarella Inc 1.7%

Value ($000) $0 Shares 2,630 Est. Cost $72.62 Unrealized +11.3%

OLLI Ollies Bargain Outlet Holdings Inc 1.7%

Value ($000) $0 Shares 1,690 Est. Cost $132.75 Unrealized -9.2%

ONTO Onto Innovation Inc 1.7%

Value ($000) $0 Shares 1,644 Est. Cost $107.03 Unrealized +32.7%

ATRO Astronics Corp 1.7%

Value ($000) $0 Shares 4,578 Est. Cost $36.50 Unrealized +37.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HOOD	Robinhood Markets Inc	8,165	$1	9.4%	$109.05	+19.3%	—	770700102
G	G 11/21/2025 PUT 40	16,371	$1	8.4%	$43.82	-1.3%	—	G3922B107
WLY	John Wiley & Sons Inc	23,703	$1	7.7%	$44.15	-21.2%	—	968223206
MIDD	Middleby Corp	6,372	$1	6.8%	$138.84	-5.5%	—	596278101
LRN	Stride Inc	4,472	$1	5.3%	$146.61	-38.1%	—	86333M108
IESC	IES Holdings Inc	1,263	$1	4.0%	$344.15	+16.8%	—	44951W106
—	Hillenbrand Inc	17,591	$0	3.8%	$0.03	—	—	431571108
ESI	Element Solutions Inc	18,681	$0	3.8%	$20.78	+24.7%	—	28618M106
MTX	MTX 11/21/2025 PUT 60	71	$0	3.5%	$56.00	+5.5%	—	603158106
CGNX	CGNX 10/17/2025 CALL 45	88	$0	3.2%	$40.34	+0.2%	—	192422103
ST	Sensata Technologies Holding PLC	12,196	$0	3.0%	$24.54	+30.3%	—	G8060N102
OPLN	OPENLANE Inc	12,869	$0	3.0%	$21.12	+28.1%	—	48238T109
VECO	Veeco Instruments Inc	12,025	$0	2.9%	$19.73	+50.3%	—	922417100
DNOW	DNOW Inc	15,800	$0	1.9%	$15.09	-7.0%	—	67011P100
TTMI	TTM Technologies Inc	3,928	$0	1.8%	$46.47	+40.4%	—	87305R109
SON	SON 10/17/2025 PUT 45	52	$0	1.8%	$45.36	-9.2%	—	835495102
AMBA	Ambarella Inc	2,630	$0	1.7%	$72.62	+11.3%	—	G037AX101
OLLI	Ollies Bargain Outlet Holdings Inc	1,690	$0	1.7%	$132.75	-9.2%	—	681116109
ONTO	Onto Innovation Inc	1,644	$0	1.7%	$107.03	+32.7%	—	683344105
ATRO	Astronics Corp	4,578	$0	1.7%	$36.50	+37.8%	—	046433108

Decreased Positions (5)

BLKB BLACKBAUD INC 3.1%

Value ($000) $0 (-45.4%) Shares 6,038 (-44.6%) Est. Cost $65.50 Unrealized -5.6%

HURN HURON CONSULTING GROUP INC 3.1%

Value ($000) $0 (-41.9%) Shares 2,239 (-50.7%) Est. Cost $138.83 Unrealized +17.9%

ASGN ASGN INC 1.9%

Value ($000) $0 (-53.0%) Shares 4,967 (-9.2%) Est. Cost $51.02 Unrealized -9.6%

WMS ADVANCED DRAINAGE SYSTEMS INC 2.4%

Value ($000) $0 (-40.6%) Shares 2,090 (-43.1%) Est. Cost $131.06 Unrealized +10.4%

ACVA ACV AUCTIONS 1.7%

Value ($000) $0 (-31.7%) Shares 25,754 (-15.8%) Est. Cost $12.80 Unrealized -36.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BLKB	BLACKBAUD INC	6,038 (-44.6%)	$0 (-45.4%)	3.1%	$65.50	-5.6%	COM	09227Q100
HURN	HURON CONSULTING GROUP INC	2,239 (-50.7%)	$0 (-41.9%)	3.1%	$138.83	+17.9%	COM	447462102
ASGN	ASGN INC	4,967 (-9.2%)	$0 (-53.0%)	1.9%	$51.02	-9.6%	COM	00191U102
WMS	ADVANCED DRAINAGE SYSTEMS INC	2,090 (-43.1%)	$0 (-40.6%)	2.4%	$131.06	+10.4%	COM	00790R104
ACVA	ACV AUCTIONS	25,754 (-15.8%)	$0 (-31.7%)	1.7%	$12.80	-36.8%	COM	00091G104