Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FHLC	FIDELITY COVINGTON TRUST	230,921	$17.84M	7.2%	$77.25	—	MSCI HLTH CARE I	316092600
XMAG	TIDAL TRUST II	678,583	$17.7M	7.2%	$26.08	—	DEFIANCE LARGE	88636R743
XLI	SELECT SECTOR SPDR TR	83,546	$15.48M	6.3%	$185.23	—	ST STR INDL ETF	81369Y704
KBWB	INVESCO EXCH TRADED FD TR II	100,299	$9.326M	3.8%	$92.98	—	KBW BK ETF	46138E628
ASML	ASML HLDG NV	2,131	$4.24M	1.7%	$1989.54	—	N Y REGISTRY SHS	N07059210
TT	TRANE TECHNOLOGIES PLC	8,002	$3.93M	1.6%	$491.16	—	SHS	G8994E103
XLK	SELECT SECTOR SPDR TR	20,055	$3.821M	1.5%	$190.53	—	ST STR TECHN ETF	81369Y803
QQQ	INVESCO QQQ TR	5,175	$3.811M	1.5%	$736.43	—	UNIT SER 1	46090E103
ETN	EATON CORP PLC	8,676	$3.697M	1.5%	$426.14	—	SHS	G29183103
MRVL	MARVELL TECHNOLOGY INC	11,244	$3.349M	1.4%	$297.89	—	COM	573874104
PANW	PALO ALTO NETWORKS INC	1,167	$398K	0.2%	$341.02	—	COM	697435105
SOUN	SOUNDHOUND AI INC	10,000	$64,700	0.0%	$6.47	—	CLASS A COM	836100107

Increased Positions (7)

SSO PROSHARES TR 26.1%

Value $64.27M (+348.5%) Shares 953,807 (+245.4%) Est. Cost $66.43 Unrealized —

AMD ADVANCED MICRO DEVICES INC 10.5%

Value $25.78M (+205.7%) Shares 44,384 (+7.0%) Est. Cost $143.23 Unrealized —

AVGO BROADCOM INC 3.2%

Value $7.776M (+30.7%) Shares 20,586 (+7.1%) Est. Cost $199.41 Unrealized —

KLAC KLA CORP 0.7%

Value $1.772M (+105.2%) Shares 5,872 (+900.3%) Est. Cost $343.82 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 0.6%

Value $1.397M (+27.3%) Shares 1,871 (+10.8%) Est. Cost $582.58 Unrealized —

WMT WALMART INC 0.2%

Value $525K (+107.0%) Shares 4,633 (+127.1%) Est. Cost $105.24 Unrealized —

IWF ISHARES TR 0.1%

Value $250K (+16.6%) Shares 2,017 (+300.2%) Est. Cost $199.28 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SSO	PROSHARES TR	953,807 (+245.4%)	$64.27M (+348.5%)	26.1%	$66.43	—	PSHS ULT S&P 500	74347R107
AMD	ADVANCED MICRO DEVICES INC	44,384 (+7.0%)	$25.78M (+205.7%)	10.5%	$143.23	—	COM	007903107
AVGO	BROADCOM INC	20,586 (+7.1%)	$7.776M (+30.7%)	3.2%	$199.41	—	COM	11135F101
KLAC	KLA CORP	5,872 (+900.3%)	$1.772M (+105.2%)	0.7%	$343.82	—	COM NEW	482480100
SPY	STATE STR SPDR S&P 500 ETF T	1,871 (+10.8%)	$1.397M (+27.3%)	0.6%	$582.58	—	TR UNIT	78462F103
WMT	WALMART INC	4,633 (+127.1%)	$525K (+107.0%)	0.2%	$105.24	—	COM	931142103
IWF	ISHARES TR	2,017 (+300.2%)	$250K (+16.6%)	0.1%	$199.28	—	RUS 1000 GRW ETF	464287614

Exited Positions (17)

SPDW SPDR INDEX SHS FDS 20.7%

Value $51M Shares 1,117,102 Est. Cost $45.65 Unrealized —

EEM ISHARES TR 7.4%

Value $18.28M Shares 321,933 Est. Cost $56.79 Unrealized —

XLE SELECT SECTOR SPDR TR 6.6%

Value $16.26M Shares 265,449 Est. Cost $61.26 Unrealized —

XLB SELECT SECTOR SPDR TR 6.1%

Value $15.08M Shares 301,686 Est. Cost $49.97 Unrealized —

GRNY TIDAL TRUST I 6.0%

Value $14.83M Shares 621,112 Est. Cost $24.33 Unrealized —

SHLD GLOBAL X FDS 2.4%

Value $5.869M Shares 82,848 Est. Cost $70.84 Unrealized —

MU MICRON TECHNOLOGY INC 2.3%

Value $5.736M Shares 16,978 Est. Cost $387.04 Unrealized —

WDC WESTERN DIGITAL CORP 2.3%

Value $5.652M Shares 20,897 Est. Cost $81.60 Unrealized —

BNDX VANGUARD CHARLOTTE FDS 2.2%

Value $5.51M Shares 114,679 Est. Cost $48.05 Unrealized —

FEZ SPDR INDEX SHS FDS 2.1%

Value $5.116M Shares 82,412 Est. Cost $62.08 Unrealized —

GOOGL ALPHABET INC 1.6%

Value $3.874M Shares 13,471 Est. Cost $297.95 Unrealized —

GLD SPDR GOLD TR 0.6%

Value $1.427M Shares 3,317 Est. Cost $402.42 Unrealized —

SNDK SANDISK CORP 0.3%

Value $790K Shares 1,243 Est. Cost $516.50 Unrealized —

RTX RTX CORPORATION 0.1%

Value $223K Shares 1,158 Est. Cost $196.61 Unrealized —

OUNZ VANECK MERK GOLD ETF 0.1%

Value $221K Shares 4,899 Est. Cost $41.48 Unrealized —

QXO QXO INC 0.0%

Value $65,500 Shares 10,000 Est. Cost — Unrealized —

SPWR SUNPOWER INC 0.0%

Value $38,269 Shares 30,133 Est. Cost $2.03 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPDW	SPDR INDEX SHS FDS	1,117,102	$51M	20.7%	$45.65	—	—	78463X889
EEM	ISHARES TR	321,933	$18.28M	7.4%	$56.79	—	—	464287234
XLE	SELECT SECTOR SPDR TR	265,449	$16.26M	6.6%	$61.26	—	—	81369Y506
XLB	SELECT SECTOR SPDR TR	301,686	$15.08M	6.1%	$49.97	—	—	81369Y100
GRNY	TIDAL TRUST I	621,112	$14.83M	6.0%	$24.33	—	—	886364231
SHLD	GLOBAL X FDS	82,848	$5.869M	2.4%	$70.84	—	—	37960A529
MU	MICRON TECHNOLOGY INC	16,978	$5.736M	2.3%	$387.04	—	—	595112103
WDC	WESTERN DIGITAL CORP	20,897	$5.652M	2.3%	$81.60	—	—	958102105
BNDX	VANGUARD CHARLOTTE FDS	114,679	$5.51M	2.2%	$48.05	—	—	92203J407
FEZ	SPDR INDEX SHS FDS	82,412	$5.116M	2.1%	$62.08	—	—	78463X202
GOOGL	ALPHABET INC	13,471	$3.874M	1.6%	$297.95	—	—	02079K305
GLD	SPDR GOLD TR	3,317	$1.427M	0.6%	$402.42	—	—	78463V107
SNDK	SANDISK CORP	1,243	$790K	0.3%	$516.50	—	—	80004C200
RTX	RTX CORPORATION	1,158	$223K	0.1%	$196.61	—	—	75513E101
OUNZ	VANECK MERK GOLD ETF	4,899	$221K	0.1%	$41.48	—	—	921078101
QXO	QXO INC	10,000	$65,500	0.0%	—	—	CALL	82846H405
SPWR	SUNPOWER INC	30,133	$38,269	0.0%	$2.03	—	—	20460L104

Decreased Positions (7)

— BLACKROCK RES & COMMODITIES 0.5%

Value $1.178M (-79.9%) Shares 104,174 (-78.6%) Est. Cost $12.05 Unrealized —

META META PLATFORMS INC 3.4%

Value $8.402M (-4.8%) Shares 14,915 (-3.3%) Est. Cost $365.87 Unrealized —

ORCL ORACLE CORP 0.3%

Value $811K (-16.7%) Shares 5,532 (-16.3%) Est. Cost $177.02 Unrealized —

ONDS ONDAS INC 0.0%

Value $103K (-54.4%) Shares 12,500 (-50.0%) Est. Cost $1.12 Unrealized —

WAL WESTERN ALLIANCE BANCORP 0.2%

Value $378K (-10.0%) Shares 4,600 (-22.4%) Est. Cost $82.23 Unrealized —

NVDA NVIDIA CORPORATION 4.7%

Value $11.48M (-0.3%) Shares 57,397 (-13.1%) Est. Cost $102.98 Unrealized —

NBIS NEBIUS GROUP N.V. 0.1%

Value $244K (+8.1%) Shares 884 (-59.4%) Est. Cost $96.40 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	BLACKROCK RES & COMMODITIES	104,174 (-78.6%)	$1.178M (-79.9%)	0.5%	$12.05	—	SHS	09257A108
META	META PLATFORMS INC	14,915 (-3.3%)	$8.402M (-4.8%)	3.4%	$365.87	—	CL A	30303M102
ORCL	ORACLE CORP	5,532 (-16.3%)	$811K (-16.7%)	0.3%	$177.02	—	COM	68389X105
ONDS	ONDAS INC	12,500 (-50.0%)	$103K (-54.4%)	0.0%	$1.12	—	COM NEW	68236H204
WAL	WESTERN ALLIANCE BANCORP	4,600 (-22.4%)	$378K (-10.0%)	0.2%	$82.23	—	COM	957638109
NVDA	NVIDIA CORPORATION	57,397 (-13.1%)	$11.48M (-0.3%)	4.7%	$102.98	—	COM	67066G104
NBIS	NEBIUS GROUP N.V.	884 (-59.4%)	$244K (+8.1%)	0.1%	$96.40	—	SHS CLASS A	N97284108

Unchanged Positions (4)

AMAT APPLIED MATLS INC 3.0%

Value $7.374M Shares 10,198 Est. Cost $66.49 Unrealized —

AAPL APPLE INC 12.2%

Value $30.13M Shares 104,116 Est. Cost $165.16 Unrealized —

GOOG ALPHABET INC 0.3%

Value $752K Shares 2,128 Est. Cost $117.63 Unrealized —

VV VANGUARD INDEX FDS 0.1%

Value $249K Shares 724 Est. Cost $285.19 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMAT	APPLIED MATLS INC	10,198	$7.374M	3.0%	$66.49	—	COM	038222105
AAPL	APPLE INC	104,116	$30.13M	12.2%	$165.16	—	COM	037833100
GOOG	ALPHABET INC	2,128	$752K	0.3%	$117.63	—	CAP STK CL C	02079K107
VV	VANGUARD INDEX FDS	724	$249K	0.1%	$285.19	—	LARGE CAP ETF	922908637