Castle Hook Partners LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ALB	ALBEMARLE CORP	2,766,100	$391,237	1.6%	$113.25	0.0%	CALL	012653101
DHR	DANAHER CORPORATION	1,152,081	$263,734	1.1%	$219.54	0.0%	COM	235851102
AA	ALCOA CORP	3,968,265	$210,874	0.9%	$40.88	0.0%	COM	013872106
ALB	ALBEMARLE CORP	1,463,199	$206,955	0.9%	$113.25	0.0%	COM	012653101
FCX	FREEPORT-MCMORAN INC	3,534,298	$179,507	0.7%	$43.31	0.0%	CL B	35671D857
TTMI	TTM TECHNOLOGIES INC	1,932,618	$133,351	0.6%	$65.27	0.0%	COM	87305R109
TEVA	TEVA PHARMACEUTICAL INDS LTD	2,627,792	$82,013	0.3%	$31.21	—	SPONSORED ADS	881624209
PLD	PROLOGIS INC.	572,165	$73,043	0.3%	$123.86	0.0%	COM	74340W103
SQM	SOCIEDAD QUIMICA Y MINERA DE	1,006,637	$69,257	0.3%	$68.80	—	SPON ADR SER B	833635105
WMB	WILLIAMS COS INC	1,033,774	$62,140	0.3%	$60.06	0.0%	COM	969457100
AMAT	APPLIED MATLS INC	241,718	$62,119	0.3%	$239.49	0.0%	COM	038222105
SOLS	SOLSTICE ADVANCED MATLS INC	1,190,374	$57,828	0.2%	$47.08	0.0%	COM SHS	83443Q103
DASH	DOORDASH INC	232,908	$52,749	0.2%	$234.56	0.0%	CL A	25809K105
SHLS	SHOALS TECHNOLOGIES GROUP IN	4,717,105	$40,095	0.2%	$8.98	0.0%	CL A	82489W107
NAMS	NEWAMSTERDAM PHARMA COMPANY	1,085,008	$38,062	0.2%	$36.39	0.0%	ORDINARY SHARES	N62509109
ARES	ARES MANAGEMENT CORPORATION	173,679	$28,072	0.1%	$154.95	0.0%	CL A COM STK	03990B101
DXCM	DEXCOM INC	284,000	$18,849	0.1%	$68.54	-5.7%	CALL	252131107
MT	ARCELORMITTAL SA LUXEMBOURG	130,669	$5,955	0.0%	$45.57	—	NY REGISTRY SH	03938L203
EVH	EVOLENT HEALTH INC	937,628	$3,751	0.0%	$5.56	0.0%	CL A	30050B101
KKR	KKR & CO INC	22,303	$2,843	0.0%	$124.29	0.0%	COM	48251W104
FICO	FAIR ISAAC CORP	1,639	$2,771	0.0%	$1721.38	0.0%	COM	303250104
UPST	UPSTART HLDGS INC	48,545	$2,123	0.0%	$46.04	0.0%	COM	91680M107
ARE	ALEXANDRIA REAL ESTATE EQ IN	38,137	$1,866	0.0%	$58.01	0.0%	COM	015271109
RKT	ROCKET COS INC	82,080	$1,589	0.0%	$17.88	0.0%	COM CL A	77311W101
COMP	COMPASS INC	136,139	$1,439	0.0%	$9.12	0.0%	CL A	20464U100
ADI	ANALOG DEVICES INC	3,231	$876	0.0%	$250.62	0.0%	COM	032654105
AZN	ASTRAZENECA PLC	8,233	$757	0.0%	$91.93	—	SPONSORED ADR	046353108

Increased Positions (13)

SPY SPDR S&P 500 ETF TR 18.1%

Value ($000) $4,352,832 (+204.5%) Shares 6,383,200 (+197.5%) Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 16.3%

Value ($000) $3,921,264 (+190.8%) Shares 6,383,200 (+184.2%) Est. Cost — Unrealized —

NTRA NATERA INC 2.1%

Value ($000) $496,637 (+76.6%) Shares 2,167,869 (+24.1%) Est. Cost $137.58 Unrealized +51.6%

CLF CLEVELAND-CLIFFS INC NEW 1.0%

Value ($000) $240,143 (+631.9%) Shares 18,083,029 (+572.4%) Est. Cost $12.31 Unrealized +2.6%

GOOG ALPHABET INC 0.8%

Value ($000) $199,185 (+4469.7%) Shares 634,752 (+3446.7%) Est. Cost $282.91 Unrealized +1.2%

SHOP SHOPIFY INC 1.3%

Value ($000) $318,662 (+74.1%) Shares 1,979,636 (+60.8%) Est. Cost $122.10 Unrealized +31.5%

DXCM DEXCOM INC 0.6%

Value ($000) $149,400 (+267.4%) Shares 2,251,011 (+272.5%) Est. Cost $68.54 Unrealized -5.7%

WMT WALMART INC 0.9%

Value ($000) $223,261 (+51.5%) Shares 2,003,962 (+40.1%) Est. Cost $100.56 Unrealized +6.6%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.3%

Value ($000) $67,257 (+2797.2%) Shares 820,007 (+2552.8%) Est. Cost $77.59 Unrealized +0.4%

INSM INSMED INC 0.9%

Value ($000) $218,171 (+38.8%) Shares 1,253,568 (+14.9%) Est. Cost $113.64 Unrealized +60.6%

LITE LUMENTUM HLDGS INC 0.0%

Value ($000) $3,895 (+407.6%) Shares 10,568 (+124.1%) Est. Cost $197.86 Unrealized +29.8%

CIEN CIENA CORP 0.0%

Value ($000) $2,685 (+954.3%) Shares 11,479 (+556.7%) Est. Cost $179.97 Unrealized +7.8%

NVDA NVIDIA CORPORATION 0.0%

Value ($000) $5,723 (+59.9%) Shares 30,686 (+60.0%) Est. Cost $161.59 Unrealized +15.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	6,383,200 (+197.5%)	$4,352,832 (+204.5%)	18.1%	—	—	PUT	78462F103
QQQ	INVESCO QQQ TR	6,383,200 (+184.2%)	$3,921,264 (+190.8%)	16.3%	—	—	PUT	46090E103
NTRA	NATERA INC	2,167,869 (+24.1%)	$496,637 (+76.6%)	2.1%	$137.58	+51.6%	COM	632307104
CLF	CLEVELAND-CLIFFS INC NEW	18,083,029 (+572.4%)	$240,143 (+631.9%)	1.0%	$12.31	+2.6%	COM	185899101
GOOG	ALPHABET INC	634,752 (+3446.7%)	$199,185 (+4469.7%)	0.8%	$282.91	+1.2%	CAP STK CL C	02079K107
SHOP	SHOPIFY INC	1,979,636 (+60.8%)	$318,662 (+74.1%)	1.3%	$122.10	+31.5%	CL A SUB VTG SHS	82509L107
DXCM	DEXCOM INC	2,251,011 (+272.5%)	$149,400 (+267.4%)	0.6%	$68.54	-5.7%	COM	252131107
WMT	WALMART INC	2,003,962 (+40.1%)	$223,261 (+51.5%)	0.9%	$100.56	+6.6%	COM	931142103
GEHC	GE HEALTHCARE TECHNOLOGIES I	820,007 (+2552.8%)	$67,257 (+2797.2%)	0.3%	$77.59	+0.4%	COMMON STOCK	36266G107
INSM	INSMED INC	1,253,568 (+14.9%)	$218,171 (+38.8%)	0.9%	$113.64	+60.6%	COM PAR $.01	457669307
LITE	LUMENTUM HLDGS INC	10,568 (+124.1%)	$3,895 (+407.6%)	0.0%	$197.86	+29.8%	COM	55024U109
CIEN	CIENA CORP	11,479 (+556.7%)	$2,685 (+954.3%)	0.0%	$179.97	+7.8%	COM NEW	171779309
NVDA	NVIDIA CORPORATION	30,686 (+60.0%)	$5,723 (+59.9%)	0.0%	$161.59	+15.2%	COM	67066G104

Exited Positions (31)

IWM ISHARES TR 5.9%

Value ($000) $1,427,661 Shares 5,900,400 Est. Cost — Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 5.4%

Value ($000) $1,300,000 Shares 20,000,000 Est. Cost $57.78 Unrealized —

VST VISTRA CORP 2.7%

Value ($000) $657,685 Shares 3,356,907 Est. Cost $124.38 Unrealized +46.3%

TLN TALEN ENERGY CORP 1.7%

Value ($000) $397,890 Shares 935,376 Est. Cost $361.29 Unrealized +7.6%

VRT VERTIV HOLDINGS CO 0.8%

Value ($000) $185,116 Shares 1,227,072 Est. Cost $133.31 Unrealized +30.2%

INTC INTEL CORP 0.5%

Value ($000) $115,888 Shares 3,454,197 Est. Cost $24.23 Unrealized +55.9%

META META PLATFORMS INC 0.5%

Value ($000) $110,802 Shares 150,878 Est. Cost $743.23 Unrealized -10.2%

CPNG COUPANG INC 0.4%

Value ($000) $102,985 Shares 3,198,298 Est. Cost $30.23 Unrealized -5.9%

UAL UNITED AIRLS HLDGS INC 0.3%

Value ($000) $79,031 Shares 818,976 Est. Cost $96.17 Unrealized +5.1%

NKE NIKE INC 0.3%

Value ($000) $74,982 Shares 1,075,319 Est. Cost $68.45 Unrealized -5.2%

ANET ARISTA NETWORKS INC 0.2%

Value ($000) $55,748 Shares 382,597 Est. Cost $127.10 Unrealized +8.3%

IBIT ISHARES BITCOIN TRUST ETF 0.2%

Value ($000) $54,789 Shares 842,915 Est. Cost $57.78 Unrealized —

CBRE CBRE GROUP INC 0.2%

Value ($000) $47,143 Shares 299,209 Est. Cost $129.92 Unrealized +21.0%

BTU PEABODY ENERGY CORP 0.0%

Value ($000) $10,998 Shares 414,723 Est. Cost $17.75 Unrealized +65.4%

METC RAMACO RES INC 0.0%

Value ($000) $10,989 Shares 331,107 Est. Cost $23.24 Unrealized +13.0%

CNR CORE NATURAL RESOURCES INC 0.0%

Value ($000) $10,785 Shares 129,191 Est. Cost $74.75 Unrealized +13.9%

SCCO SOUTHERN COPPER CORP 0.0%

Value ($000) $8,345 Shares 68,759 Est. Cost $97.73 Unrealized +35.8%

SE SEA LTD 0.0%

Value ($000) $5,926 Shares 33,158 Est. Cost $130.49 Unrealized —

AMZN AMAZON COM INC 0.0%

Value ($000) $5,375 Shares 24,481 Est. Cost $197.89 Unrealized +15.6%

V VISA INC 0.0%

Value ($000) $4,499 Shares 13,178 Est. Cost $345.54 Unrealized -1.5%

ALK ALASKA AIR GROUP INC 0.0%

Value ($000) $4,436 Shares 89,120 Est. Cost $55.61 Unrealized -16.9%

MSFT MICROSOFT CORP 0.0%

Value ($000) $3,166 Shares 6,113 Est. Cost $432.38 Unrealized +15.8%

ZVIA ZEVIA PBC 0.0%

Value ($000) $2,713 Shares 997,545 Est. Cost $2.76 Unrealized -9.9%

BSX BOSTON SCIENTIFIC CORP 0.0%

Value ($000) $2,680 Shares 27,449 Est. Cost $85.63 Unrealized +14.5%

GAU GALIANO GOLD INC 0.0%

Value ($000) $2,634 Shares 1,210,000 Est. Cost $1.87 Unrealized +32.5%

OWL BLUE OWL CAPITAL INC 0.0%

Value ($000) $2,623 Shares 154,944 Est. Cost $19.02 Unrealized -17.8%

CRWV COREWEAVE INC 0.0%

Value ($000) $2,068 Shares 15,111 Est. Cost $118.31 Unrealized -14.3%

MKTX MARKETAXESS HLDGS INC 0.0%

Value ($000) $1,958 Shares 11,235 Est. Cost $193.45 Unrealized -12.4%

SPOT SPOTIFY TECHNOLOGY S A 0.0%

Value ($000) $1,955 Shares 2,801 Est. Cost $398.75 Unrealized +56.8%

NET CLOUDFLARE INC 0.0%

Value ($000) $1,513 Shares 7,052 Est. Cost $159.29 Unrealized +32.8%

ALAB ASTERA LABS INC 0.0%

Value ($000) $239 Shares 1,219 Est. Cost $164.44 Unrealized +1.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	5,900,400	$1,427,661	5.9%	—	—	PUT	464287655
IBIT	ISHARES BITCOIN TRUST ETF	20,000,000	$1,300,000	5.4%	$57.78	—	CALL	46438F101
VST	VISTRA CORP	3,356,907	$657,685	2.7%	$124.38	+46.3%	—	92840M102
TLN	TALEN ENERGY CORP	935,376	$397,890	1.7%	$361.29	+7.6%	—	87422Q109
VRT	VERTIV HOLDINGS CO	1,227,072	$185,116	0.8%	$133.31	+30.2%	—	92537N108
INTC	INTEL CORP	3,454,197	$115,888	0.5%	$24.23	+55.9%	—	458140100
META	META PLATFORMS INC	150,878	$110,802	0.5%	$743.23	-10.2%	—	30303M102
CPNG	COUPANG INC	3,198,298	$102,985	0.4%	$30.23	-5.9%	—	22266T109
UAL	UNITED AIRLS HLDGS INC	818,976	$79,031	0.3%	$96.17	+5.1%	—	910047109
NKE	NIKE INC	1,075,319	$74,982	0.3%	$68.45	-5.2%	—	654106103
ANET	ARISTA NETWORKS INC	382,597	$55,748	0.2%	$127.10	+8.3%	—	040413205
IBIT	ISHARES BITCOIN TRUST ETF	842,915	$54,789	0.2%	$57.78	—	—	46438F101
CBRE	CBRE GROUP INC	299,209	$47,143	0.2%	$129.92	+21.0%	—	12504L109
BTU	PEABODY ENERGY CORP	414,723	$10,998	0.0%	$17.75	+65.4%	—	704551100
METC	RAMACO RES INC	331,107	$10,989	0.0%	$23.24	+13.0%	—	75134P600
CNR	CORE NATURAL RESOURCES INC	129,191	$10,785	0.0%	$74.75	+13.9%	—	218937100
SCCO	SOUTHERN COPPER CORP	68,759	$8,345	0.0%	$97.73	+35.8%	—	84265V105
SE	SEA LTD	33,158	$5,926	0.0%	$130.49	—	—	81141R100
AMZN	AMAZON COM INC	24,481	$5,375	0.0%	$197.89	+15.6%	—	023135106
V	VISA INC	13,178	$4,499	0.0%	$345.54	-1.5%	—	92826C839
ALK	ALASKA AIR GROUP INC	89,120	$4,436	0.0%	$55.61	-16.9%	—	011659109
MSFT	MICROSOFT CORP	6,113	$3,166	0.0%	$432.38	+15.8%	—	594918104
ZVIA	ZEVIA PBC	997,545	$2,713	0.0%	$2.76	-9.9%	—	98955K104
BSX	BOSTON SCIENTIFIC CORP	27,449	$2,680	0.0%	$85.63	+14.5%	—	101137107
GAU	GALIANO GOLD INC	1,210,000	$2,634	0.0%	$1.87	+32.5%	—	36352H100
OWL	BLUE OWL CAPITAL INC	154,944	$2,623	0.0%	$19.02	-17.8%	—	09581B103
CRWV	COREWEAVE INC	15,111	$2,068	0.0%	$118.31	-14.3%	—	21873S108
MKTX	MARKETAXESS HLDGS INC	11,235	$1,958	0.0%	$193.45	-12.4%	—	57060D108
SPOT	SPOTIFY TECHNOLOGY S A	2,801	$1,955	0.0%	$398.75	+56.8%	—	L8681T102
NET	CLOUDFLARE INC	7,052	$1,513	0.0%	$159.29	+32.8%	—	18915M107
ALAB	ASTERA LABS INC	1,219	$239	0.0%	$164.44	+1.7%	—	04626A103

Decreased Positions (17)

CVNA CARVANA CO 1.2%

Value ($000) $293,342 (-42.5%) Shares 695,090 (-48.6%) Est. Cost $246.05 Unrealized +51.1%

APP APPLOVIN CORP 1.1%

Value ($000) $265,359 (-39.0%) Shares 393,813 (-34.9%) Est. Cost $383.32 Unrealized +64.4%

LLY ELI LILLY & CO 1.7%

Value ($000) $412,194 (+35.4%) Shares 383,550 (-3.9%) Est. Cost $764.14 Unrealized +25.0%

TSLA TESLA INC 1.1%

Value ($000) $272,280 (-24.7%) Shares 605,443 (-25.6%) Est. Cost $346.84 Unrealized +27.8%

C CITIGROUP INC 2.5%

Value ($000) $606,853 (+11.9%) Shares 5,200,555 (-2.7%) Est. Cost $70.06 Unrealized +47.9%

FSLR FIRST SOLAR INC 0.5%

Value ($000) $115,916 (-22.6%) Shares 443,731 (-34.6%) Est. Cost $191.94 Unrealized +31.4%

DKS DICKS SPORTING GOODS INC 0.5%

Value ($000) $116,472 (-15.5%) Shares 588,331 (-5.1%) Est. Cost $215.29 Unrealized +0.9%

FIX COMFORT SYS USA INC 1.0%

Value ($000) $249,967 (+8.6%) Shares 267,834 (-4.0%) Est. Cost $677.11 Unrealized +36.3%

WDC WESTERN DIGITAL CORP 0.9%

Value ($000) $228,373 (+8.5%) Shares 1,325,670 (-24.4%) Est. Cost $67.71 Unrealized +123.8%

COF CAPITAL ONE FINL CORP 0.0%

Value ($000) $5,232 (-68.9%) Shares 21,586 (-72.7%) Est. Cost $185.05 Unrealized +20.1%

CCJ CAMECO CORP 0.8%

Value ($000) $191,119 (-4.7%) Shares 2,088,962 (-12.6%) Est. Cost $67.99 Unrealized +32.3%

U UNITY SOFTWARE INC 0.9%

Value ($000) $219,432 (+3.0%) Shares 4,967,901 (-6.6%) Est. Cost $22.00 Unrealized +85.2%

AVGO BROADCOM INC 0.0%

Value ($000) $1,510 (-65.2%) Shares 4,364 (-66.8%) Est. Cost $303.24 Unrealized +17.7%

SNDK SANDISK CORP 0.0%

Value ($000) $1,711 (-54.8%) Shares 7,208 (-78.7%) Est. Cost $58.39 Unrealized +243.0%

SNOW SNOWFLAKE INC 0.0%

Value ($000) $598 (-49.9%) Shares 2,725 (-48.5%) Est. Cost $184.06 Unrealized +32.6%

WELL WELLTOWER INC 1.0%

Value ($000) $231,837 (+0.1%) Shares 1,249,056 (-3.9%) Est. Cost $144.75 Unrealized +28.8%

STX SEAGATE TECHNOLOGY HLDNGS PL 0.9%

Value ($000) $220,977 (+0.0%) Shares 802,414 (-14.2%) Est. Cost $117.10 Unrealized +121.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVNA	CARVANA CO	695,090 (-48.6%)	$293,342 (-42.5%)	1.2%	$246.05	+51.1%	CL A	146869102
APP	APPLOVIN CORP	393,813 (-34.9%)	$265,359 (-39.0%)	1.1%	$383.32	+64.4%	COM CL A	03831W108
LLY	ELI LILLY & CO	383,550 (-3.9%)	$412,194 (+35.4%)	1.7%	$764.14	+25.0%	COM	532457108
TSLA	TESLA INC	605,443 (-25.6%)	$272,280 (-24.7%)	1.1%	$346.84	+27.8%	COM	88160R101
C	CITIGROUP INC	5,200,555 (-2.7%)	$606,853 (+11.9%)	2.5%	$70.06	+47.9%	COM NEW	172967424
FSLR	FIRST SOLAR INC	443,731 (-34.6%)	$115,916 (-22.6%)	0.5%	$191.94	+31.4%	COM	336433107
DKS	DICKS SPORTING GOODS INC	588,331 (-5.1%)	$116,472 (-15.5%)	0.5%	$215.29	+0.9%	COM	253393102
FIX	COMFORT SYS USA INC	267,834 (-4.0%)	$249,967 (+8.6%)	1.0%	$677.11	+36.3%	COM	199908104
WDC	WESTERN DIGITAL CORP	1,325,670 (-24.4%)	$228,373 (+8.5%)	0.9%	$67.71	+123.8%	COM	958102105
COF	CAPITAL ONE FINL CORP	21,586 (-72.7%)	$5,232 (-68.9%)	0.0%	$185.05	+20.1%	COM	14040H105
CCJ	CAMECO CORP	2,088,962 (-12.6%)	$191,119 (-4.7%)	0.8%	$67.99	+32.3%	COM	13321L108
U	UNITY SOFTWARE INC	4,967,901 (-6.6%)	$219,432 (+3.0%)	0.9%	$22.00	+85.2%	COM	91332U101
AVGO	BROADCOM INC	4,364 (-66.8%)	$1,510 (-65.2%)	0.0%	$303.24	+17.7%	COM	11135F101
SNDK	SANDISK CORP	7,208 (-78.7%)	$1,711 (-54.8%)	0.0%	$58.39	+243.0%	COM	80004C200
SNOW	SNOWFLAKE INC	2,725 (-48.5%)	$598 (-49.9%)	0.0%	$184.06	+32.6%	COM SHS	833445109
WELL	WELLTOWER INC	1,249,056 (-3.9%)	$231,837 (+0.1%)	1.0%	$144.75	+28.8%	COM	95040Q104
STX	SEAGATE TECHNOLOGY HLDNGS PL	802,414 (-14.2%)	$220,977 (+0.0%)	0.9%	$117.10	+121.1%	ORD SHS	G7997R103

Unchanged Positions (2)

GLD SPDR GOLD TR 35.0%

Value ($000) $8,432,446 Shares 21,277,400 Est. Cost — Unrealized —

TSCO TRACTOR SUPPLY CO 0.0%

Value ($000) $11,252 Shares 225,000 Est. Cost $58.52 Unrealized -8.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	21,277,400	$8,432,446	35.0%	—	—	CALL	78463V107
TSCO	TRACTOR SUPPLY CO	225,000	$11,252	0.0%	$58.52	-8.2%	COM	892356106