Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	50,000	$28.86M	6.9%	—	—	PUT	46090E103
AAPL	APPLE INC	57,500	$14.59M	3.5%	$250.80	+4.8%	CALL	037833100
VRSN	VERISIGN INC	35,000	$8.693M	2.1%	$235.45	0.0%	COM	92343E102
RMBS	RAMBUS INC DEL	100,000	$8.603M	2.1%	$104.73	0.0%	COM	750917106
MU	MICRON TECHNOLOGY INC	25,000	$8.446M	2.0%	—	—	PUT	595112103
AMD	ADVANCED MICRO DEVICES INC	40,000	$8.137M	2.0%	$221.70	0.0%	COM	007903107
MCHP	MICROCHIP TECHNOLOGY INC.	100,000	$6.461M	1.5%	$75.77	0.0%	COM	595017104
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	30,000	$5.925M	1.4%	$224.98	0.0%	COM	874054109
F	FORD MTR CO	500,000	$5.77M	1.4%	—	—	CALL	345370860
SNDK	SANDISK CORP	8,000	$5.083M	1.2%	$516.50	0.0%	COM	80004C200
EBAY	EBAY INC.	55,000	$5.006M	1.2%	—	—	CALL	278642103
UPS	UNITED PARCEL SVCS INC	50,000	$4.919M	1.2%	$94.61	+16.1%	CALL	911312106
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	20,000	$3.95M	0.9%	$224.98	0.0%	CALL	874054109
STX	SEAGATE TECHNOLOGY HLDNGS PL	10,000	$3.918M	0.9%	$376.45	0.0%	ORD SHS	G7997R103
XYZ	BLOCK INC	50,000	$3.009M	0.7%	$60.32	0.0%	CL A	852234103
CORZ	CORE SCIENTIFIC INC NEW	198,305	$2.967M	0.7%	$17.70	0.0%	COM	21874A106
FFIV	F5 INC	10,000	$2.893M	0.7%	$272.46	0.0%	COM	315616102
TEAM	ATLASSIAN CORPORATION	30,000	$2.047M	0.5%	—	—	CALL	049468101
ASPI	ASP ISOTOPES INC	300,000	$1.326M	0.3%	$6.44	0.0%	COM	00218A105
DOCU	DOCUSIGN INC	25,000	$1.185M	0.3%	$53.49	0.0%	COM	256163106
NET	CLOUDFLARE INC	5,000	$1.032M	0.2%	$182.40	0.0%	CL A COM	18915M107
SMTC	SEMTECH CORP	5,000	$384K	0.1%	$82.45	0.0%	COM	816850101

Increased Positions (17)

AAPL APPLE INC 5.8%

Value $24.11M (+254.7%) Shares 95,000 (+280.0%) Est. Cost $250.80 Unrealized +4.8%

FLEX FLEXTRONICS INTL LTD 4.0%

Value $16.85M (+329.1%) Shares 257,469 (+296.1%) Est. Cost $56.11 Unrealized +14.0%

NVDA NVIDIA CORPORATION 6.1%

Value $25.29M (+35.6%) Shares 145,000 (+45.0%) Est. Cost $138.02 Unrealized +35.2%

INTC INTEL CORP 3.2%

Value $13.24M (+79.4%) Shares 300,000 (+50.0%) Est. Cost $33.88 Unrealized +37.0%

AVGO BROADCOM INC 2.2%

Value $9.285M (+168.3%) Shares 30,000 (+200.0%) Est. Cost $311.92 Unrealized +7.1%

NFLX NETFLIX INC. 2.8%

Value $11.78M (+79.5%) Shares 122,500 (+75.0%) Est. Cost $95.40 Unrealized -12.1%

NOK NOKIA CORP 1.3%

Value $5.628M (+769.9%) Shares 700,000 (+600.0%) Est. Cost $7.82 Unrealized —

UWMC UWM HOLDINGS CORPORATION 1.7%

Value $6.968M (+98.9%) Shares 1,925,000 (+140.6%) Est. Cost $5.16 Unrealized -1.5%

KLAC KLA CORP 2.1%

Value $8.834M (+45.4%) Shares 6,000 (+20.0%) Est. Cost $1018.97 Unrealized +43.5%

OPEN OPENDOOR TECHNOLOGIES INC 0.7%

Value $3.042M (+160.9%) Shares 650,000 (+225.0%) Est. Cost $5.16 Unrealized +8.3%

BKR BAKER HUGHES COMPANY 1.5%

Value $6.41M (+40.8%) Shares 105,000 (+5.0%) Est. Cost $47.75 Unrealized +17.4%

WULF TERAWULF INC 1.2%

Value $5.051M (+37.4%) Shares 350,000 (+9.4%) Est. Cost $9.40 Unrealized +55.2%

CLSK CLEANSPARK INC 1.0%

Value $4.255M (+20.1%) Shares 500,000 (+42.9%) Est. Cost $13.89 Unrealized -18.5%

AMZN AMAZON COM INC 5.5%

Value $22.85M (-1.0%) Shares 109,700 (+9.7%) Est. Cost $174.42 Unrealized +30.1%

OPENW OPENDOOR TECHNOLOGIES INC 0.1%

Value $272K (+504.6%) Shares 450,000 (+800.0%) Est. Cost $0.64 Unrealized —

UPS UNITED PARCEL SVCS INC 0.5%

Value $2.208M (+11.3%) Shares 22,444 (+12.2%) Est. Cost $94.61 Unrealized +16.1%

IREN IREN LIMITED 0.8%

Value $3.428M (+0.8%) Shares 100,000 (+11.1%) Est. Cost $12.14 Unrealized +297.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	95,000 (+280.0%)	$24.11M (+254.7%)	5.8%	$250.80	+4.8%	COM	037833100
FLEX	FLEXTRONICS INTL LTD	257,469 (+296.1%)	$16.85M (+329.1%)	4.0%	$56.11	+14.0%	ORD	Y2573F102
NVDA	NVIDIA CORPORATION	145,000 (+45.0%)	$25.29M (+35.6%)	6.1%	$138.02	+35.2%	COM	67066G104
INTC	INTEL CORP	300,000 (+50.0%)	$13.24M (+79.4%)	3.2%	$33.88	+37.0%	COM	458140100
AVGO	BROADCOM INC	30,000 (+200.0%)	$9.285M (+168.3%)	2.2%	$311.92	+7.1%	COM	11135F101
NFLX	NETFLIX INC.	122,500 (+75.0%)	$11.78M (+79.5%)	2.8%	$95.40	-12.1%	COM	64110L106
NOK	NOKIA CORP	700,000 (+600.0%)	$5.628M (+769.9%)	1.3%	$7.82	—	SPONSORED ADR	654902204
UWMC	UWM HOLDINGS CORPORATION	1,925,000 (+140.6%)	$6.968M (+98.9%)	1.7%	$5.16	-1.5%	COM CL A	91823B109
KLAC	KLA CORP	6,000 (+20.0%)	$8.834M (+45.4%)	2.1%	$1018.97	+43.5%	COM NEW	482480100
OPEN	OPENDOOR TECHNOLOGIES INC	650,000 (+225.0%)	$3.042M (+160.9%)	0.7%	$5.16	+8.3%	COM	683712103
BKR	BAKER HUGHES COMPANY	105,000 (+5.0%)	$6.41M (+40.8%)	1.5%	$47.75	+17.4%	CL A	05722G100
WULF	TERAWULF INC	350,000 (+9.4%)	$5.051M (+37.4%)	1.2%	$9.40	+55.2%	COM	88080T104
CLSK	CLEANSPARK INC	500,000 (+42.9%)	$4.255M (+20.1%)	1.0%	$13.89	-18.5%	COM NEW	18452B209
AMZN	AMAZON COM INC	109,700 (+9.7%)	$22.85M (-1.0%)	5.5%	$174.42	+30.1%	COM	023135106
OPENW	OPENDOOR TECHNOLOGIES INC	450,000 (+800.0%)	$272K (+504.6%)	0.1%	$0.64	—	*W EXP 11/20/202	683712129
UPS	UNITED PARCEL SVCS INC	22,444 (+12.2%)	$2.208M (+11.3%)	0.5%	$94.61	+16.1%	CL B	911312106
IREN	IREN LIMITED	100,000 (+11.1%)	$3.428M (+0.8%)	0.8%	$12.14	+297.7%	ORDINARY SHARES	Q4982L109

Exited Positions (20)

SAP SAP SE 2.6%

Value $10.93M Shares 45,000 Est. Cost $242.91 Unrealized —

GOOGL ALPHABET INC 2.3%

Value $9.39M Shares 30,000 Est. Cost $190.42 Unrealized +69.8%

DE DEERE & CO 2.2%

Value $9.311M Shares 20,000 Est. Cost $467.69 Unrealized +17.9%

SNOW SNOWFLAKE INC 1.8%

Value $7.678M Shares 35,000 Est. Cost $192.03 Unrealized +1.3%

CRWV COREWEAVE INC 1.7%

Value $7.161M Shares 100,000 Est. Cost — Unrealized —

URI UNITED RENTALS INC 1.6%

Value $6.475M Shares 8,000 Est. Cost $665.35 Unrealized +32.7%

CFLT CONFLUENT INC 1.4%

Value $6.048M Shares 200,000 Est. Cost $20.91 Unrealized +45.8%

CORZ CORE SCIENTIFIC INC NEW 1.4%

Value $5.824M Shares 400,000 Est. Cost $17.70 Unrealized 0.0%

NKE NIKE INC 1.2%

Value $5.097M Shares 80,000 Est. Cost $64.91 Unrealized -1.4%

CRWD CROWDSTRIKE HLDGS INC 1.1%

Value $4.688M Shares 10,000 Est. Cost $509.22 Unrealized -15.3%

ON ON SEMICONDUCTOR CORP 1.0%

Value $4.061M Shares 75,000 Est. Cost $51.30 Unrealized +25.0%

TSLA TESLA INC 1.0%

Value $4.047M Shares 9,000 Est. Cost $443.29 Unrealized -3.9%

SAIA SAIA INC 0.9%

Value $3.918M Shares 12,000 Est. Cost $302.29 Unrealized +23.1%

HUBS HUBSPOT INC 0.9%

Value $3.612M Shares 9,000 Est. Cost $569.93 Unrealized -48.8%

PFSI PENNYMAC FINL SVCS INC NEW 0.6%

Value $2.637M Shares 20,000 Est. Cost $117.15 Unrealized +2.1%

U UNITY SOFTWARE INC 0.5%

Value $2.208M Shares 50,000 Est. Cost $22.41 Unrealized +45.8%

RIOT RIOT PLATFORMS INC 0.5%

Value $1.901M Shares 150,000 Est. Cost $12.80 Unrealized +24.0%

WULF TERAWULF INC 0.4%

Value $1.724M Shares 150,000 Est. Cost $9.40 Unrealized +55.2%

CRCL CIRCLE INTERNET GROUP INC 0.4%

Value $1.586M Shares 20,000 Est. Cost — Unrealized —

OKLO OKLO INC 0.1%

Value $359K Shares 5,000 Est. Cost $38.57 Unrealized +108.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SAP	SAP SE	45,000	$10.93M	2.6%	$242.91	—	—	803054204
GOOGL	ALPHABET INC	30,000	$9.39M	2.3%	$190.42	+69.8%	—	02079K305
DE	DEERE & CO	20,000	$9.311M	2.2%	$467.69	+17.9%	—	244199105
SNOW	SNOWFLAKE INC	35,000	$7.678M	1.8%	$192.03	+1.3%	—	833445109
CRWV	COREWEAVE INC	100,000	$7.161M	1.7%	—	—	CALL	21873S108
URI	UNITED RENTALS INC	8,000	$6.475M	1.6%	$665.35	+32.7%	—	911363109
CFLT	CONFLUENT INC	200,000	$6.048M	1.4%	$20.91	+45.8%	—	20717M103
CORZ	CORE SCIENTIFIC INC NEW	400,000	$5.824M	1.4%	$17.70	0.0%	CALL	21874A106
NKE	NIKE INC	80,000	$5.097M	1.2%	$64.91	-1.4%	—	654106103
CRWD	CROWDSTRIKE HLDGS INC	10,000	$4.688M	1.1%	$509.22	-15.3%	—	22788C105
ON	ON SEMICONDUCTOR CORP	75,000	$4.061M	1.0%	$51.30	+25.0%	—	682189105
TSLA	TESLA INC	9,000	$4.047M	1.0%	$443.29	-3.9%	—	88160R101
SAIA	SAIA INC	12,000	$3.918M	0.9%	$302.29	+23.1%	—	78709Y105
HUBS	HUBSPOT INC	9,000	$3.612M	0.9%	$569.93	-48.8%	—	443573100
PFSI	PENNYMAC FINL SVCS INC NEW	20,000	$2.637M	0.6%	$117.15	+2.1%	—	70932M107
U	UNITY SOFTWARE INC	50,000	$2.208M	0.5%	$22.41	+45.8%	—	91332U101
RIOT	RIOT PLATFORMS INC	150,000	$1.901M	0.5%	$12.80	+24.0%	CALL	767292105
WULF	TERAWULF INC	150,000	$1.724M	0.4%	$9.40	+55.2%	CALL	88080T104
CRCL	CIRCLE INTERNET GROUP INC	20,000	$1.586M	0.4%	—	—	CALL	172573107
OKLO	OKLO INC	5,000	$359K	0.1%	$38.57	+108.3%	—	02156V109

Decreased Positions (20)

META META PLATFORMS INC 1.4%

Value $6.007M (-77.2%) Shares 10,500 (-73.8%) Est. Cost $604.77 Unrealized +8.4%

MSFT MICROSOFT CORP 2.8%

Value $11.62M (-56.3%) Shares 31,400 (-42.9%) Est. Cost $352.49 Unrealized +23.3%

CRM SALESFORCE INC 0.9%

Value $3.733M (-71.5%) Shares 20,000 (-59.6%) Est. Cost $255.61 Unrealized -15.6%

HUT HUT 8 CORP 1.7%

Value $7.037M (-48.9%) Shares 150,000 (-50.0%) Est. Cost $34.14 Unrealized +65.7%

MDB MONGODB INC 0.6%

Value $2.448M (-70.8%) Shares 10,000 (-50.0%) Est. Cost $267.74 Unrealized +40.5%

RKT ROCKET COS INC 2.0%

Value $8.194M (-39.5%) Shares 575,000 (-17.9%) Est. Cost $11.88 Unrealized +69.6%

VICR VICOR CORP 1.5%

Value $6.44M (-34.7%) Shares 40,000 (-55.6%) Est. Cost $85.01 Unrealized +84.8%

NOW SERVICENOW INC 0.4%

Value $1.568M (-59.1%) Shares 15,000 (-40.0%) Est. Cost $169.60 Unrealized -28.5%

LRCX LAM RESEARCH CORP 1.5%

Value $6.41M (-25.1%) Shares 30,000 (-40.0%) Est. Cost $125.46 Unrealized +80.1%

TSM TAIWAN SEMICONDUCTOR MANUFAC 3.2%

Value $13.52M (-11.0%) Shares 40,000 (-20.0%) Est. Cost $207.09 Unrealized —

AMRZ AMRIZE LTD 0.3%

Value $1.12M (-58.6%) Shares 20,000 (-60.0%) Est. Cost $50.50 Unrealized +13.1%

CLS CELESTICA INC 0.3%

Value $1.408M (-52.4%) Shares 5,000 (-50.0%) Est. Cost $106.30 Unrealized +183.1%

BITF BITFARMS LTD 0.1%

Value $390K (-79.3%) Shares 200,000 (-75.0%) Est. Cost $2.49 Unrealized -1.1%

ESTC ELASTIC N V 0.7%

Value $2.749M (-34.9%) Shares 55,000 (-1.8%) Est. Cost $84.34 Unrealized -20.6%

APLD APPLIED DIGITAL CORP 0.6%

Value $2.374M (-35.5%) Shares 100,000 (-33.3%) Est. Cost $28.80 Unrealized +19.1%

ASML ASML HLDG NV 1.3%

Value $5.283M (-17.7%) Shares 4,000 (-33.3%) Est. Cost $968.09 Unrealized —

AMAT APPLIED MATLS INC 2.0%

Value $8.545M (+10.8%) Shares 25,000 (-16.7%) Est. Cost $180.78 Unrealized +80.6%

GLW CORNING INC 0.5%

Value $2.04M (-22.4%) Shares 15,000 (-50.0%) Est. Cost $46.30 Unrealized +141.2%

HIVE HIVE DIGITAL TECHNOLOGIES LT 0.0%

Value $206K (-46.9%) Shares 108,167 (-27.9%) Est. Cost $2.69 Unrealized +0.4%

BE BLOOM ENERGY CORP 0.2%

Value $948K (+9.2%) Shares 7,000 (-30.0%) Est. Cost $105.07 Unrealized +37.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	10,500 (-73.8%)	$6.007M (-77.2%)	1.4%	$604.77	+8.4%	CL A	30303M102
MSFT	MICROSOFT CORP	31,400 (-42.9%)	$11.62M (-56.3%)	2.8%	$352.49	+23.3%	COM	594918104
CRM	SALESFORCE INC	20,000 (-59.6%)	$3.733M (-71.5%)	0.9%	$255.61	-15.6%	COM	79466L302
HUT	HUT 8 CORP	150,000 (-50.0%)	$7.037M (-48.9%)	1.7%	$34.14	+65.7%	COM	44812J104
MDB	MONGODB INC	10,000 (-50.0%)	$2.448M (-70.8%)	0.6%	$267.74	+40.5%	CL A	60937P106
RKT	ROCKET COS INC	575,000 (-17.9%)	$8.194M (-39.5%)	2.0%	$11.88	+69.6%	COM CL A	77311W101
VICR	VICOR CORP	40,000 (-55.6%)	$6.44M (-34.7%)	1.5%	$85.01	+84.8%	COM	925815102
NOW	SERVICENOW INC	15,000 (-40.0%)	$1.568M (-59.1%)	0.4%	$169.60	-28.5%	COM	81762P102
LRCX	LAM RESEARCH CORP	30,000 (-40.0%)	$6.41M (-25.1%)	1.5%	$125.46	+80.1%	COM NEW	512807306
TSM	TAIWAN SEMICONDUCTOR MANUFAC	40,000 (-20.0%)	$13.52M (-11.0%)	3.2%	$207.09	—	SPONSORED ADS	874039100
AMRZ	AMRIZE LTD	20,000 (-60.0%)	$1.12M (-58.6%)	0.3%	$50.50	+13.1%	SHS	H2927K103
CLS	CELESTICA INC	5,000 (-50.0%)	$1.408M (-52.4%)	0.3%	$106.30	+183.1%	COM	15101Q207
BITF	BITFARMS LTD	200,000 (-75.0%)	$390K (-79.3%)	0.1%	$2.49	-1.1%	COM	09173B107
ESTC	ELASTIC N V	55,000 (-1.8%)	$2.749M (-34.9%)	0.7%	$84.34	-20.6%	ORD SHS	N14506104
APLD	APPLIED DIGITAL CORP	100,000 (-33.3%)	$2.374M (-35.5%)	0.6%	$28.80	+19.1%	COM NEW	038169207
ASML	ASML HLDG NV	4,000 (-33.3%)	$5.283M (-17.7%)	1.3%	$968.09	—	N Y REGISTRY SHS	N07059210
AMAT	APPLIED MATLS INC	25,000 (-16.7%)	$8.545M (+10.8%)	2.0%	$180.78	+80.6%	COM	038222105
GLW	CORNING INC	15,000 (-50.0%)	$2.04M (-22.4%)	0.5%	$46.30	+141.2%	COM	219350105
HIVE	HIVE DIGITAL TECHNOLOGIES LT	108,167 (-27.9%)	$206K (-46.9%)	0.0%	$2.69	+0.4%	COM NEW	433921103
BE	BLOOM ENERGY CORP	7,000 (-30.0%)	$948K (+9.2%)	0.2%	$105.07	+37.7%	COM CL A	093712107

Unchanged Positions (5)

CAT CATERPILLAR INC 1.7%

Value $7.085M Shares 10,000 Est. Cost $330.84 Unrealized +106.9%

WDC WESTERN DIGITAL CORP 0.6%

Value $2.705M Shares 10,000 Est. Cost $81.60 Unrealized +207.9%

CIFR CIPHER DIGITAL INC 0.9%

Value $3.861M Shares 300,000 Est. Cost $5.51 Unrealized +202.9%

ORCL ORACLE CORP 0.4%

Value $1.471M Shares 10,000 Est. Cost $152.77 Unrealized +11.0%

RIOT RIOT PLATFORMS INC 1.8%

Value $7.416M Shares 600,000 Est. Cost $12.80 Unrealized +24.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CAT	CATERPILLAR INC	10,000	$7.085M	1.7%	$330.84	+106.9%	COM	149123101
WDC	WESTERN DIGITAL CORP	10,000	$2.705M	0.6%	$81.60	+207.9%	COM	958102105
CIFR	CIPHER DIGITAL INC	300,000	$3.861M	0.9%	$5.51	+202.9%	COM	17253J106
ORCL	ORACLE CORP	10,000	$1.471M	0.4%	$152.77	+11.0%	COM	68389X105
RIOT	RIOT PLATFORMS INC	600,000	$7.416M	1.8%	$12.80	+24.0%	COM	767292105