Engle Capital Management, L.P. Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LGN	LEGENCE CORP	559,000	$24,059	9.3%	$39.53	0.0%	CL A	52476L109
META	META PLATFORMS INC	16,971	$11,202	4.3%	$667.32	0.0%	CL A	30303M102
PPL	PPL CORP	200,000	$7,004	2.7%	$35.83	0.0%	COM	69351T106
FIX	COMFORT SYSTEMS USA INC	7,500	$7,000	2.7%	$922.99	0.0%	COM	199908104
GOOGL	ALPHABET INC	22,000	$6,886	2.7%	$285.60	0.0%	CL A	02079K305
HLNE	HAMILTON LANE INC	50,000	$6,716	2.6%	$125.75	0.0%	CL A	407497106
WULF	TERAWULF INC	437,500	$5,027	1.9%	$13.40	0.0%	COM	88080T104
C	CITIGROUP INC	42,000	$4,901	1.9%	$103.64	0.0%	COM	172967424
CCJ	CAMECO CORP	46,230	$4,233	1.6%	$89.94	0.0%	COM	13321L108
FLS	FLOWSERVE CORP	56,000	$3,885	1.5%	$64.09	0.0%	COM	34354P105
CDNL	CARDINAL INFRASTRUCTURE GROUP	131,000	$3,168	1.2%	$24.69	0.0%	CL A	14154A102
STRL	STERLING INFRASTRUCTURE INC	10,333	$3,164	1.2%	$344.54	0.0%	COM	859241101
APLD	APPLIED DIGITAL CORP	59,900	$1,469	0.6%	$28.80	0.0%	COM	038169207
CIFR	CIPHER MINING INC	71,800	$1,060	0.4%	$17.65	0.0%	COM	17253J106

Increased Positions (6)

COMP COMPASS INC 4.3%

Value ($000) $11,225 (+173.0%) Shares 1,062,000 (+107.4%) Est. Cost $8.63 Unrealized +5.7%

CNP CENTERPOINT ENERGY INC 5.1%

Value ($000) $13,227 (+65.4%) Shares 345,000 (+67.4%) Est. Cost $38.01 Unrealized +2.2%

TBBB BBB FOODS INC 9.7%

Value ($000) $25,043 (+26.1%) Shares 750,000 (+1.8%) Est. Cost $22.76 Unrealized +31.4%

ROAD CONSTRUCTION PARTNERS INC 7.7%

Value ($000) $20,082 (+29.6%) Shares 185,000 (+51.7%) Est. Cost $77.72 Unrealized +44.8%

VST VISTRA CORP 6.8%

Value ($000) $17,746 (+6.3%) Shares 110,000 (+29.1%) Est. Cost $183.61 Unrealized -0.9%

STEP STEPSTONE GROUP INC 3.2%

Value ($000) $8,342 (+0.6%) Shares 130,000 (+2.4%) Est. Cost $61.07 Unrealized +3.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COMP	COMPASS INC	1,062,000 (+107.4%)	$11,225 (+173.0%)	4.3%	$8.63	+5.7%	CL A	20464U100
CNP	CENTERPOINT ENERGY INC	345,000 (+67.4%)	$13,227 (+65.4%)	5.1%	$38.01	+2.2%	COM	15189T107
TBBB	BBB FOODS INC	750,000 (+1.8%)	$25,043 (+26.1%)	9.7%	$22.76	+31.4%	CL A COM	G0896C103
ROAD	CONSTRUCTION PARTNERS INC	185,000 (+51.7%)	$20,082 (+29.6%)	7.7%	$77.72	+44.8%	COM CL A	21044C107
VST	VISTRA CORP	110,000 (+29.1%)	$17,746 (+6.3%)	6.8%	$183.61	-0.9%	COM	92840M102
STEP	STEPSTONE GROUP INC	130,000 (+2.4%)	$8,342 (+0.6%)	3.2%	$61.07	+3.6%	COM CL A	85914M107

Exited Positions (10)

EYE NATIONAL VISION HOLDINGS INC 6.1%

Value ($000) $15,818 Shares 541,898 Est. Cost $17.05 Unrealized +57.8%

SN SHARKNINJA INC 5.9%

Value ($000) $15,406 Shares 149,360 Est. Cost $59.27 Unrealized +66.3%

ACVA ACV AUCTIONS INC 4.6%

Value ($000) $12,024 Shares 1,213,329 Est. Cost $16.60 Unrealized -51.3%

WIX WIX.COM LTC 4.6%

Value ($000) $12,008 Shares 67,600 Est. Cost $150.49 Unrealized -19.7%

BABA ALIBABA GROUP HOLDING LTD 3.3%

Value ($000) $8,668 Shares 48,500 Est. Cost $178.73 Unrealized —

REZI RESIDEO TECHNOLOGIES INC 3.1%

Value ($000) $8,105 Shares 187,700 Est. Cost $31.24 Unrealized +18.5%

KKR KKR & CO INC 2.9%

Value ($000) $7,406 Shares 56,991 Est. Cost $115.43 Unrealized +7.7%

CEG CONSTELLATION ENERGY CORP 2.2%

Value ($000) $5,730 Shares 17,413 Est. Cost $263.84 Unrealized +37.7%

APO APOLLO GLOBAL MANAGEMENT INC 1.5%

Value ($000) $3,991 Shares 29,947 Est. Cost $123.98 Unrealized +6.9%

AMRZ AMRIZE LTD 1.5%

Value ($000) $3,848 Shares 79,300 Est. Cost $50.99 Unrealized +0.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EYE	NATIONAL VISION HOLDINGS INC	541,898	$15,818	6.1%	$17.05	+57.8%	—	63845R107
SN	SHARKNINJA INC	149,360	$15,406	5.9%	$59.27	+66.3%	—	G8068L108
ACVA	ACV AUCTIONS INC	1,213,329	$12,024	4.6%	$16.60	-51.3%	—	00091G104
WIX	WIX.COM LTC	67,600	$12,008	4.6%	$150.49	-19.7%	—	M98068105
BABA	ALIBABA GROUP HOLDING LTD	48,500	$8,668	3.3%	$178.73	—	—	01609W102
REZI	RESIDEO TECHNOLOGIES INC	187,700	$8,105	3.1%	$31.24	+18.5%	—	76118Y104
KKR	KKR & CO INC	56,991	$7,406	2.9%	$115.43	+7.7%	—	48251W104
CEG	CONSTELLATION ENERGY CORP	17,413	$5,730	2.2%	$263.84	+37.7%	—	21037T109
APO	APOLLO GLOBAL MANAGEMENT INC	29,947	$3,991	1.5%	$123.98	+6.9%	—	03769M106
AMRZ	AMRIZE LTD	79,300	$3,848	1.5%	$50.99	+0.1%	—	H2927K103

Decreased Positions (7)

CVNA CARVANA CO 1.0%

Value ($000) $2,532 (-84.6%) Shares 6,000 (-86.2%) Est. Cost $292.72 Unrealized +27.0%

QXO QXO INC 2.7%

Value ($000) $6,906 (-59.6%) Shares 358,000 (-60.0%) Est. Cost $16.64 Unrealized +15.2%

BILL BILL HOLDINGS INC 1.6%

Value ($000) $4,254 (-65.2%) Shares 78,000 (-66.2%) Est. Cost $46.44 Unrealized +10.6%

TLN TALEN ENERGY CORP 11.1%

Value ($000) $28,863 (-19.5%) Shares 77,000 (-8.7%) Est. Cost $180.95 Unrealized +114.8%

NU NU HOLDINGS LTD 2.5%

Value ($000) $6,579 (-38.0%) Shares 393,000 (-40.7%) Est. Cost $12.14 Unrealized +32.3%

MRX MAREX GROUP PLC 2.8%

Value ($000) $7,323 (-34.0%) Shares 190,900 (-42.2%) Est. Cost $39.65 Unrealized -14.4%

AER AERCAP HOLDINGS NV 6.7%

Value ($000) $17,251 (+16.6%) Shares 120,000 (-1.8%) Est. Cost $95.08 Unrealized +39.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVNA	CARVANA CO	6,000 (-86.2%)	$2,532 (-84.6%)	1.0%	$292.72	+27.0%	CL A	146869102
QXO	QXO INC	358,000 (-60.0%)	$6,906 (-59.6%)	2.7%	$16.64	+15.2%	COM	82846H405
BILL	BILL HOLDINGS INC	78,000 (-66.2%)	$4,254 (-65.2%)	1.6%	$46.44	+10.6%	COM	090043100
TLN	TALEN ENERGY CORP	77,000 (-8.7%)	$28,863 (-19.5%)	11.1%	$180.95	+114.8%	COM	87422Q109
NU	NU HOLDINGS LTD	393,000 (-40.7%)	$6,579 (-38.0%)	2.5%	$12.14	+32.3%	CL A	G6683N103
MRX	MAREX GROUP PLC	190,900 (-42.2%)	$7,323 (-34.0%)	2.8%	$39.65	-14.4%	ORD	G5S37H101
AER	AERCAP HOLDINGS NV	120,000 (-1.8%)	$17,251 (+16.6%)	6.7%	$95.08	+39.3%	SHS	N00985106