Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UAL	UNITED AIRLS HLDGS INC	125,827	$1.158B	4.9%	—	—	CALL	910047109
DAL	DELTA AIR LINES INC	73,399	$488M	2.1%	—	—	CALL	247361702
EQIX	EQUINIX INC	263,929	$259M	1.1%	$764.11	0.0%	COM	29444U700
RTX	RTX CORPORATION	1,286,591	$248M	1.1%	$196.61	0.0%	COM	75513E101
LHX	L3HARRIS TECHNOLOGIES ORD	674,121	$233M	1.0%	$343.14	0.0%	COM	502431109
KRMN	KARMAN HLDGS INC	2,493,778	$200M	0.9%	$96.11	0.0%	COMMON STOCK	485924104
XOM	EXXON MOBIL CORP	870,188	$148M	0.6%	$138.74	0.0%	COM	30231G102
LIN	LINDE PLC	255,043	$126M	0.5%	$460.00	0.0%	SHS	G54950103
LYV	LIVE NATION ENTERTAINMENT IN	798,050	$122M	0.5%	$148.31	0.0%	COM	538034109
IWM	ISHARES TR	3,291	$81.62M	0.3%	—	—	PUT	464287655
BP	BP PLC	1,123,129	$52.79M	0.2%	$47.00	—	SPONSORED ADR	055622104
STLD	STEEL DYNAMICS ORD	269,601	$48.53M	0.2%	$184.13	0.0%	COM	858119100
VIK	VIKING HOLDINGS INC	634,137	$46.6M	0.2%	$73.78	0.0%	ORD SHS	G93A5A101
EWY	ISHARES INC	1,750	$21.53M	0.1%	—	—	PUT	464286772
NUE	NUCOR CORP	85,668	$14.49M	0.1%	$178.45	0.0%	COM	670346105
ASHR	DBX ETF TR	283,242	$9.245M	0.0%	$32.64	—	XTRACK HRVST CSI	233051879
CRBG	COREBRIDGE FINL INC	175,626	$4.19M	0.0%	$30.26	0.0%	COM	21871X109
AMZN	AMAZON COM INC	9,772	$2.035M	0.0%	$226.83	0.0%	COM	023135106
W	WAYFAIR INC	25,624	$1.927M	0.0%	$99.40	0.0%	CL A	94419L101
AZN	ASTRAZENECA PLC	8,967	$1.768M	0.0%	$190.39	0.0%	ORD	G0593M107
HAS	HASBRO INC	15,241	$1.427M	0.0%	$92.67	0.0%	COM	418056107
ABT	ABBOTT LABORATORIES	11,269	$1.157M	0.0%	$115.41	0.0%	COM	002824100
MCK	MCKESSON CORP	916	$793K	0.0%	$875.46	0.0%	COM	58155Q103
SGI	SOMNIGROUP INTERNATIONAL INC	9,160	$677K	0.0%	$91.97	0.0%	COM	88023U101
ZVIA	ZEVIA PBC	171,796	$201K	0.0%	$1.77	0.0%	CL A	98955K104

Increased Positions (9)

SNDK SANDISK CORP 0.8%

Value $176M (+10180.3%) Shares 276,858 (+3741.0%) Est. Cost $504.57 Unrealized +2.4%

AMAT APPLIED MATLS INC 0.8%

Value $178M (+186.4%) Shares 520,581 (+115.4%) Est. Cost $286.14 Unrealized +14.1%

SOLS SOLSTICE ADVANCED MATLS INC 0.7%

Value $170M (+193.2%) Shares 2,226,617 (+87.1%) Est. Cost $55.52 Unrealized +17.5%

LITE LUMENTUM HLDGS INC 0.5%

Value $106M (+2632.0%) Shares 151,430 (+1332.9%) Est. Cost $448.35 Unrealized +4.2%

ADI ANALOG DEVICES INC 0.4%

Value $90.98M (+10282.6%) Shares 285,967 (+8750.7%) Est. Cost $315.43 Unrealized +0.2%

TTMI TTM TECHNOLOGIES INC 0.9%

Value $206M (+54.4%) Shares 2,114,134 (+9.4%) Est. Cost $67.68 Unrealized +38.0%

COMP COMPASS INC 0.1%

Value $18.27M (+1169.3%) Shares 2,498,669 (+1735.4%) Est. Cost $11.61 Unrealized +1.2%

INSM INSMED INC 0.9%

Value $208M (-4.8%) Shares 1,269,754 (+1.3%) Est. Cost $114.22 Unrealized +39.2%

NTRA NATERA INC 2.2%

Value $506M (+1.9%) Shares 2,529,810 (+16.7%) Est. Cost $150.21 Unrealized +50.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SNDK	SANDISK CORP	276,858 (+3741.0%)	$176M (+10180.3%)	0.8%	$504.57	+2.4%	COM	80004C200
AMAT	APPLIED MATLS INC	520,581 (+115.4%)	$178M (+186.4%)	0.8%	$286.14	+14.1%	COM	038222105
SOLS	SOLSTICE ADVANCED MATLS INC	2,226,617 (+87.1%)	$170M (+193.2%)	0.7%	$55.52	+17.5%	COM SHS	83443Q103
LITE	LUMENTUM HLDGS INC	151,430 (+1332.9%)	$106M (+2632.0%)	0.5%	$448.35	+4.2%	COM	55024U109
ADI	ANALOG DEVICES INC	285,967 (+8750.7%)	$90.98M (+10282.6%)	0.4%	$315.43	+0.2%	COM	032654105
TTMI	TTM TECHNOLOGIES INC	2,114,134 (+9.4%)	$206M (+54.4%)	0.9%	$67.68	+38.0%	COM	87305R109
COMP	COMPASS INC	2,498,669 (+1735.4%)	$18.27M (+1169.3%)	0.1%	$11.61	+1.2%	COM	20464U100
INSM	INSMED INC	1,269,754 (+1.3%)	$208M (-4.8%)	0.9%	$114.22	+39.2%	COM PAR $.01	457669307
NTRA	NATERA INC	2,529,810 (+16.7%)	$506M (+1.9%)	2.2%	$150.21	+50.4%	COM	632307104

Exited Positions (34)

QQQ INVESCO QQQ TR 16.7%

Value $3.921B Shares 6,383,200 Est. Cost — Unrealized —

C CITIGROUP INC 2.6%

Value $607M Shares 5,200,555 Est. Cost $70.06 Unrealized +65.8%

LLY ELI LILLY & CO 1.8%

Value $412M Shares 383,550 Est. Cost $764.14 Unrealized +37.0%

ALB ALBEMARLE CORP 1.7%

Value $391M Shares 2,766,100 Est. Cost $113.25 Unrealized +51.2%

SHOP SHOPIFY INC 1.4%

Value $319M Shares 1,979,636 Est. Cost $122.10 Unrealized +11.8%

CVNA CARVANA CO 1.3%

Value $293M Shares 695,090 Est. Cost $246.05 Unrealized +66.0%

TSLA TESLA INC 1.2%

Value $272M Shares 605,443 Est. Cost $346.84 Unrealized +22.8%

CLF CLEVELAND-CLIFFS INC NEW 1.0%

Value $240M Shares 18,083,029 Est. Cost $12.31 Unrealized +4.4%

U UNITY SOFTWARE INC 0.9%

Value $219M Shares 4,967,901 Est. Cost $22.00 Unrealized +48.5%

AA ALCOA CORP 0.9%

Value $211M Shares 3,968,265 Est. Cost $40.88 Unrealized +49.4%

GOOG ALPHABET INC 0.8%

Value $199M Shares 634,752 Est. Cost $282.91 Unrealized +14.4%

FCX FREEPORT-MCMORAN INC 0.8%

Value $180M Shares 3,534,298 Est. Cost $43.31 Unrealized +41.1%

FSLR FIRST SOLAR INC 0.5%

Value $116M Shares 443,731 Est. Cost $191.94 Unrealized +23.5%

TEVA TEVA PHARMACEUTICAL INDS LTD 0.3%

Value $82.01M Shares 2,627,792 Est. Cost $31.21 Unrealized —

PLD PROLOGIS INC. 0.3%

Value $73.04M Shares 572,165 Est. Cost $123.86 Unrealized +4.2%

SQM SOCIEDAD QUIMICA Y MINERA DE 0.3%

Value $69.26M Shares 1,006,637 Est. Cost $68.80 Unrealized —

GEHC GE HEALTHCARE TECHNOLOGIES I 0.3%

Value $67.26M Shares 820,007 Est. Cost $77.59 Unrealized +6.0%

WMB WILLIAMS COS INC 0.3%

Value $62.14M Shares 1,033,774 Est. Cost $60.06 Unrealized +10.5%

DASH DOORDASH INC 0.2%

Value $52.75M Shares 232,908 Est. Cost $234.56 Unrealized -16.2%

SHLS SHOALS TECHNOLOGIES GROUP IN 0.2%

Value $40.1M Shares 4,717,105 Est. Cost $8.98 Unrealized +4.8%

ARES ARES MANAGEMENT CORPORATION 0.1%

Value $28.07M Shares 173,679 Est. Cost $154.95 Unrealized -4.1%

DXCM DEXCOM INC 0.1%

Value $18.85M Shares 284,000 Est. Cost $68.54 Unrealized +3.5%

MT ARCELORMITTAL SA LUXEMBOURG 0.0%

Value $5.955M Shares 130,669 Est. Cost $45.57 Unrealized —

COF CAPITAL ONE FINL CORP 0.0%

Value $5.232M Shares 21,586 Est. Cost $185.05 Unrealized +20.6%

EVH EVOLENT HEALTH INC 0.0%

Value $3.751M Shares 937,628 Est. Cost $5.56 Unrealized -39.5%

KKR KKR & CO INC 0.0%

Value $2.843M Shares 22,303 Est. Cost $124.29 Unrealized -7.7%

FICO FAIR ISAAC CORP 0.0%

Value $2.771M Shares 1,639 Est. Cost $1721.38 Unrealized -14.8%

CIEN CIENA CORP 0.0%

Value $2.685M Shares 11,479 Est. Cost $179.97 Unrealized +50.5%

UPST UPSTART HLDGS INC 0.0%

Value $2.123M Shares 48,545 Est. Cost $46.04 Unrealized -12.8%

ARE ALEXANDRIA REAL ESTATE EQ IN 0.0%

Value $1.866M Shares 38,137 Est. Cost $58.01 Unrealized -15.6%

RKT ROCKET COS INC 0.0%

Value $1.589M Shares 82,080 Est. Cost $17.88 Unrealized +12.7%

AVGO BROADCOM INC 0.0%

Value $1.51M Shares 4,364 Est. Cost $303.24 Unrealized +10.2%

AZN ASTRAZENECA PLC 0.0%

Value $757K Shares 8,233 Est. Cost $91.93 Unrealized —

SNOW SNOWFLAKE INC 0.0%

Value $598K Shares 2,725 Est. Cost $184.06 Unrealized +5.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	6,383,200	$3.921B	16.7%	—	—	PUT	46090E103
C	CITIGROUP INC	5,200,555	$607M	2.6%	$70.06	+65.8%	—	172967424
LLY	ELI LILLY & CO	383,550	$412M	1.8%	$764.14	+37.0%	—	532457108
ALB	ALBEMARLE CORP	2,766,100	$391M	1.7%	$113.25	+51.2%	CALL	012653101
SHOP	SHOPIFY INC	1,979,636	$319M	1.4%	$122.10	+11.8%	—	82509L107
CVNA	CARVANA CO	695,090	$293M	1.3%	$246.05	+66.0%	—	146869102
TSLA	TESLA INC	605,443	$272M	1.2%	$346.84	+22.8%	—	88160R101
CLF	CLEVELAND-CLIFFS INC NEW	18,083,029	$240M	1.0%	$12.31	+4.4%	—	185899101
U	UNITY SOFTWARE INC	4,967,901	$219M	0.9%	$22.00	+48.5%	—	91332U101
AA	ALCOA CORP	3,968,265	$211M	0.9%	$40.88	+49.4%	—	013872106
GOOG	ALPHABET INC	634,752	$199M	0.8%	$282.91	+14.4%	—	02079K107
FCX	FREEPORT-MCMORAN INC	3,534,298	$180M	0.8%	$43.31	+41.1%	—	35671D857
FSLR	FIRST SOLAR INC	443,731	$116M	0.5%	$191.94	+23.5%	—	336433107
TEVA	TEVA PHARMACEUTICAL INDS LTD	2,627,792	$82.01M	0.3%	$31.21	—	—	881624209
PLD	PROLOGIS INC.	572,165	$73.04M	0.3%	$123.86	+4.2%	—	74340W103
SQM	SOCIEDAD QUIMICA Y MINERA DE	1,006,637	$69.26M	0.3%	$68.80	—	—	833635105
GEHC	GE HEALTHCARE TECHNOLOGIES I	820,007	$67.26M	0.3%	$77.59	+6.0%	—	36266G107
WMB	WILLIAMS COS INC	1,033,774	$62.14M	0.3%	$60.06	+10.5%	—	969457100
DASH	DOORDASH INC	232,908	$52.75M	0.2%	$234.56	-16.2%	—	25809K105
SHLS	SHOALS TECHNOLOGIES GROUP IN	4,717,105	$40.1M	0.2%	$8.98	+4.8%	—	82489W107
ARES	ARES MANAGEMENT CORPORATION	173,679	$28.07M	0.1%	$154.95	-4.1%	—	03990B101
DXCM	DEXCOM INC	284,000	$18.85M	0.1%	$68.54	+3.5%	CALL	252131107
MT	ARCELORMITTAL SA LUXEMBOURG	130,669	$5.955M	0.0%	$45.57	—	—	03938L203
COF	CAPITAL ONE FINL CORP	21,586	$5.232M	0.0%	$185.05	+20.6%	—	14040H105
EVH	EVOLENT HEALTH INC	937,628	$3.751M	0.0%	$5.56	-39.5%	—	30050B101
KKR	KKR & CO INC	22,303	$2.843M	0.0%	$124.29	-7.7%	—	48251W104
FICO	FAIR ISAAC CORP	1,639	$2.771M	0.0%	$1721.38	-14.8%	—	303250104
CIEN	CIENA CORP	11,479	$2.685M	0.0%	$179.97	+50.5%	—	171779309
UPST	UPSTART HLDGS INC	48,545	$2.123M	0.0%	$46.04	-12.8%	—	91680M107
ARE	ALEXANDRIA REAL ESTATE EQ IN	38,137	$1.866M	0.0%	$58.01	-15.6%	—	015271109
RKT	ROCKET COS INC	82,080	$1.589M	0.0%	$17.88	+12.7%	—	77311W101
AVGO	BROADCOM INC	4,364	$1.51M	0.0%	$303.24	+10.2%	—	11135F101
AZN	ASTRAZENECA PLC	8,233	$757K	0.0%	$91.93	—	—	046353108
SNOW	SNOWFLAKE INC	2,725	$598K	0.0%	$184.06	+5.7%	—	833445109

Decreased Positions (16)

SPY STATE STR SPRD S&P 500 ETF T 46.0%

Value $10.79B (+147.9%) Shares 165,942 (-97.4%) Est. Cost — Unrealized —

GLD SPDR GOLD TR 25.4%

Value $5.95B (-29.4%) Shares 138,286 (-99.4%) Est. Cost — Unrealized —

APP APPLOVIN CORP 0.0%

Value $5.97M (-97.8%) Shares 15,000 (-96.2%) Est. Cost $383.32 Unrealized +32.3%

ALB ALBEMARLE CORP 0.1%

Value $26.07M (-87.4%) Shares 145,217 (-90.1%) Est. Cost $113.25 Unrealized +51.2%

DXCM DEXCOM ORD 0.2%

Value $50.36M (-66.3%) Shares 801,847 (-64.4%) Est. Cost $68.54 Unrealized +3.5%

DHR DANAHER CORP DEL 0.7%

Value $167M (-36.7%) Shares 879,960 (-23.6%) Est. Cost $219.54 Unrealized +2.3%

CCJ CAMECO CORP 0.6%

Value $151M (-21.1%) Shares 1,388,052 (-33.6%) Est. Cost $67.99 Unrealized +71.0%

FIX COMFORT SYS USA INC 1.2%

Value $288M (+15.2%) Shares 208,906 (-22.0%) Est. Cost $677.11 Unrealized +76.6%

WMT WALMART INC 1.0%

Value $243M (+9.0%) Shares 1,958,823 (-2.3%) Est. Cost $100.56 Unrealized +21.4%

DKS DICKS SPORTING GOODS INC 0.4%

Value $101M (-13.3%) Shares 509,254 (-13.4%) Est. Cost $215.29 Unrealized -3.4%

WDC WESTERN DIGITAL CORP 1.0%

Value $238M (+4.1%) Shares 878,939 (-33.7%) Est. Cost $67.71 Unrealized +271.0%

NVDA NVIDIA CORPORATION 0.0%

Value $519K (-90.9%) Shares 2,975 (-90.3%) Est. Cost $161.59 Unrealized +15.5%

NAMS NEWAMSTERDAM PHARMA COMPANY 0.1%

Value $33.37M (-12.3%) Shares 1,042,637 (-3.9%) Est. Cost $36.39 Unrealized -7.3%

WELL WELLTOWER INC 1.0%

Value $236M (+1.6%) Shares 1,191,651 (-4.6%) Est. Cost $144.75 Unrealized +29.1%

TSCO TRACTOR SUPPLY CO 0.0%

Value $9.06M (-19.5%) Shares 200,000 (-11.1%) Est. Cost $58.52 Unrealized -9.9%

STX SEAGATE TECHNOLOGY HLDNGS IN 0.9%

Value $220M (-0.4%) Shares 561,647 (-30.0%) Est. Cost $117.10 Unrealized +221.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPRD S&P 500 ETF T	165,942 (-97.4%)	$10.79B (+147.9%)	46.0%	—	—	PUT	78462F103
GLD	SPDR GOLD TR	138,286 (-99.4%)	$5.95B (-29.4%)	25.4%	—	—	CALL	78463V107
APP	APPLOVIN CORP	15,000 (-96.2%)	$5.97M (-97.8%)	0.0%	$383.32	+32.3%	COM CL A	03831W108
ALB	ALBEMARLE CORP	145,217 (-90.1%)	$26.07M (-87.4%)	0.1%	$113.25	+51.2%	COM	012653101
DXCM	DEXCOM ORD	801,847 (-64.4%)	$50.36M (-66.3%)	0.2%	$68.54	+3.5%	COM	252131107
DHR	DANAHER CORP DEL	879,960 (-23.6%)	$167M (-36.7%)	0.7%	$219.54	+2.3%	COM	235851102
CCJ	CAMECO CORP	1,388,052 (-33.6%)	$151M (-21.1%)	0.6%	$67.99	+71.0%	COM	13321L108
FIX	COMFORT SYS USA INC	208,906 (-22.0%)	$288M (+15.2%)	1.2%	$677.11	+76.6%	COM	199908104
WMT	WALMART INC	1,958,823 (-2.3%)	$243M (+9.0%)	1.0%	$100.56	+21.4%	COM	931142103
DKS	DICKS SPORTING GOODS INC	509,254 (-13.4%)	$101M (-13.3%)	0.4%	$215.29	-3.4%	COM	253393102
WDC	WESTERN DIGITAL CORP	878,939 (-33.7%)	$238M (+4.1%)	1.0%	$67.71	+271.0%	COM	958102105
NVDA	NVIDIA CORPORATION	2,975 (-90.3%)	$519K (-90.9%)	0.0%	$161.59	+15.5%	COM	67066G104
NAMS	NEWAMSTERDAM PHARMA COMPANY	1,042,637 (-3.9%)	$33.37M (-12.3%)	0.1%	$36.39	-7.3%	ORDINARY SHARES	N62509109
WELL	WELLTOWER INC	1,191,651 (-4.6%)	$236M (+1.6%)	1.0%	$144.75	+29.1%	COM	95040Q104
TSCO	TRACTOR SUPPLY CO	200,000 (-11.1%)	$9.06M (-19.5%)	0.0%	$58.52	-9.9%	COM	892356106
STX	SEAGATE TECHNOLOGY HLDNGS IN	561,647 (-30.0%)	$220M (-0.4%)	0.9%	$117.10	+221.5%	ORD SHS	G7997R103