Melqart Asset Management (UK) Ltd Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WBD	WARNER BROS DISCOVERY INC	2,564,169	$73,899	7.3%	$23.37	0.0%	COM SER A	934423104
GTLS	CHART INDS INC	246,240	$50,782	5.0%	$202.64	0.0%	COM	16115Q308
EA	ELECTRONIC ARTS INC	246,742	$50,417	5.0%	$201.71	0.0%	COM	285512109
KVUE	KENVUE INC	2,508,632	$43,274	4.3%	$16.26	0.0%	COM	49177J102
NSC	NORFOLK SOUTHN CORP	149,215	$43,081	4.2%	$288.62	0.0%	COM	655844108
EXAS	EXACT SCIENCES CORP	376,840	$38,272	3.8%	$80.31	0.0%	COM	30063P105
PLYM	PLYMOUTH INDL REIT INC	1,426,429	$31,210	3.1%	$21.88	—	COM	729640102
AXTA	AXALTA COATING SYS LTD	840,804	$27,166	2.7%	$29.34	0.0%	COM	G0750C108
RNA	AVIDITY BIOSCIENCES INC	355,691	$25,656	2.5%	$64.59	0.0%	COM	05370A108
CWAN	CLEARWATER ANALYTICS HLDGS I	769,361	$18,557	1.8%	$20.03	0.0%	CL A	185123106
ORCL	ORACLE CORP	83,897	$16,352	1.6%	$238.05	0.0%	COM	68389X105
GPN	GLOBAL PMTS INC	210,500	$16,293	1.6%	$80.29	0.0%	CALL	37940X102
AMD	ADVANCED MICRO DEVICES INC	68,439	$14,657	1.4%	$224.60	0.0%	COM	007903107
RTAC	RENATUS TACTICAL ACQUIS	694,096	$7,406	0.7%	$10.91	0.0%	SHS CL A	G7490F101
—	CIDARA THERAPEUTICS INC	26,461	$5,845	0.6%	$220.89	—	COM NEW	171757206
TWLO	TWILIO INC	40,447	$5,753	0.6%	$123.87	0.0%	CL A	90138F102
FROG	JFROG LTD	82,764	$5,169	0.5%	$56.87	0.0%	ORD SHS	M6191J100
GPN	GLOBAL PMTS INC	37,386	$2,894	0.3%	$80.29	0.0%	COM	37940X102
IHRT	IHEARTMEDIA INC	528,569	$2,199	0.2%	$3.74	0.0%	COM CL A	45174J509
KW	KENNEDY-WILSON HOLDINGS INC	26,843	$260	0.0%	$8.96	0.0%	COM	489398107
MBC	MASTERBRAND INC	21,180	$234	0.0%	$11.71	0.0%	COMMON STOCK	57638P104

Increased Positions (14)

— FRONTIER COMMUNICATIONS PARE 5.7%

Value ($000) $57,557 (+148.6%) Shares 1,511,884 (+143.9%) Est. Cost $37.77 Unrealized —

AVGO BROADCOM INC 5.0%

Value ($000) $50,903 (+100.9%) Shares 147,076 (+91.5%) Est. Cost $260.84 Unrealized +36.9%

SNOW SNOWFLAKE INC 3.1%

Value ($000) $31,740 (+168.9%) Shares 144,695 (+176.5%) Est. Cost $227.21 Unrealized +7.4%

CFLT CONFLUENT INC 2.4%

Value ($000) $24,673 (+401.6%) Shares 815,896 (+228.4%) Est. Cost $23.44 Unrealized +4.7%

TSM TAIWAN SEMICONDUCTOR MFG LTD 3.5%

Value ($000) $35,456 (+66.8%) Shares 116,673 (+53.3%) Est. Cost $225.60 Unrealized —

TXNM TXNM ENERGY INC 4.6%

Value ($000) $46,515 (+40.7%) Shares 789,989 (+35.1%) Est. Cost $57.00 Unrealized +1.3%

FWRD FORWARD AIR CORP 2.1%

Value ($000) $21,247 (+116.7%) Shares 849,876 (+122.3%) Est. Cost $25.32 Unrealized -11.1%

MU MICRON TECHNOLOGY INC 1.1%

Value ($000) $11,422 (+144.6%) Shares 40,020 (+43.4%) Est. Cost $158.53 Unrealized +44.7%

AMZN AMAZON COM INC 1.5%

Value ($000) $14,848 (+80.5%) Shares 64,329 (+71.7%) Est. Cost $227.37 Unrealized +0.6%

CPRI CAPRI HOLDINGS LIMITED 1.5%

Value ($000) $15,103 (+30.0%) Shares 618,978 (+6.1%) Est. Cost $20.23 Unrealized +14.3%

SHOP SHOPIFY INC 0.5%

Value ($000) $5,213 (+153.8%) Shares 32,388 (+134.3%) Est. Cost $123.38 Unrealized +30.1%

AEVA AEVA TECHNOLOGIES INC 0.7%

Value ($000) $7,270 (+32.9%) Shares 547,436 (+45.1%) Est. Cost $17.49 Unrealized -18.6%

FRO FRONTLINE PLC 0.2%

Value ($000) $2,182 (+398.9%) Shares 100,016 (+421.1%) Est. Cost $22.77 Unrealized +2.6%

NVDA NVIDIA CORPORATION 2.9%

Value ($000) $29,185 (+5.4%) Shares 156,486 (+5.4%) Est. Cost $129.76 Unrealized +43.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	FRONTIER COMMUNICATIONS PARE	1,511,884 (+143.9%)	$57,557 (+148.6%)	5.7%	$37.77	—	COM	35909D109
AVGO	BROADCOM INC	147,076 (+91.5%)	$50,903 (+100.9%)	5.0%	$260.84	+36.9%	COM	11135F101
SNOW	SNOWFLAKE INC	144,695 (+176.5%)	$31,740 (+168.9%)	3.1%	$227.21	+7.4%	COM SHS	833445109
CFLT	CONFLUENT INC	815,896 (+228.4%)	$24,673 (+401.6%)	2.4%	$23.44	+4.7%	CLASS A COM	20717M103
TSM	TAIWAN SEMICONDUCTOR MFG LTD	116,673 (+53.3%)	$35,456 (+66.8%)	3.5%	$225.60	—	SPONSORED ADS	874039100
TXNM	TXNM ENERGY INC	789,989 (+35.1%)	$46,515 (+40.7%)	4.6%	$57.00	+1.3%	COM	69349H107
FWRD	FORWARD AIR CORP	849,876 (+122.3%)	$21,247 (+116.7%)	2.1%	$25.32	-11.1%	COM	34986A104
MU	MICRON TECHNOLOGY INC	40,020 (+43.4%)	$11,422 (+144.6%)	1.1%	$158.53	+44.7%	COM	595112103
AMZN	AMAZON COM INC	64,329 (+71.7%)	$14,848 (+80.5%)	1.5%	$227.37	+0.6%	COM	023135106
CPRI	CAPRI HOLDINGS LIMITED	618,978 (+6.1%)	$15,103 (+30.0%)	1.5%	$20.23	+14.3%	SHS	G1890L107
SHOP	SHOPIFY INC	32,388 (+134.3%)	$5,213 (+153.8%)	0.5%	$123.38	+30.1%	CL A SUB VTG SHS	82509L107
AEVA	AEVA TECHNOLOGIES INC	547,436 (+45.1%)	$7,270 (+32.9%)	0.7%	$17.49	-18.6%	COM NEW	00835Q202
FRO	FRONTLINE PLC	100,016 (+421.1%)	$2,182 (+398.9%)	0.2%	$22.77	+2.6%	COM	M46528101
NVDA	NVIDIA CORPORATION	156,486 (+5.4%)	$29,185 (+5.4%)	2.9%	$129.76	+43.4%	COM	67066G104

Exited Positions (20)

— ALLETE INC 5.1%

Value ($000) $52,245 Shares 786,819 Est. Cost $65.23 Unrealized —

SNPS SYNOPSYS INC 4.3%

Value ($000) $43,190 Shares 87,538 Est. Cost $565.30 Unrealized -21.4%

— KELLANOVA 3.2%

Value ($000) $33,008 Shares 402,438 Est. Cost $78.18 Unrealized +5.7%

— WNS HLDGS LTD 2.9%

Value ($000) $28,985 Shares 380,028 Est. Cost $76.27 Unrealized —

TSLA TESLA INC 2.8%

Value ($000) $28,027 Shares 63,022 Est. Cost $301.28 Unrealized +47.1%

COIN COINBASE GLOBAL INC 1.7%

Value ($000) $17,690 Shares 52,416 Est. Cost $339.07 Unrealized -12.1%

CCL CARNIVAL CORP 1.7%

Value ($000) $17,060 Shares 590,105 Est. Cost $30.20 Unrealized -7.7%

PRKS UNITED PARKS & RESORTS INC 1.5%

Value ($000) $15,519 Shares 300,178 Est. Cost $50.42 Unrealized -17.6%

— INDIVIOR PLC 1.5%

Value ($000) $14,873 Shares 616,863 Est. Cost $21.57 Unrealized —

BABA ALIBABA GROUP HLDG LTD 1.4%

Value ($000) $14,354 Shares 80,311 Est. Cost $178.73 Unrealized —

BIDU BAIDU INC 1.3%

Value ($000) $13,196 Shares 100,146 Est. Cost $131.77 Unrealized —

— VERONA PHARMA PLC 1.1%

Value ($000) $11,524 Shares 107,991 Est. Cost $106.71 Unrealized —

NTNX NUTANIX INC 0.9%

Value ($000) $8,635 Shares 116,079 Est. Cost $59.30 Unrealized +3.0%

WSC WILLSCOT HLDGS CORP 0.8%

Value ($000) $8,488 Shares 402,072 Est. Cost $29.71 Unrealized -32.1%

GOOGL ALPHABET INC 0.8%

Value ($000) $8,365 Shares 34,410 Est. Cost $163.29 Unrealized +74.9%

GDS GDS HLDGS LTD 0.7%

Value ($000) $6,988 Shares 180,567 Est. Cost $38.70 Unrealized —

ANET ARISTA NETWORKS INC 0.7%

Value ($000) $6,710 Shares 46,048 Est. Cost $128.77 Unrealized +6.9%

MNDY MONDAY COM LTD 0.5%

Value ($000) $4,731 Shares 24,426 Est. Cost $256.49 Unrealized -34.3%

DT DYNATRACE INC 0.4%

Value ($000) $4,360 Shares 89,992 Est. Cost $52.19 Unrealized -10.7%

ESTC ELASTIC N V 0.4%

Value ($000) $4,162 Shares 49,256 Est. Cost $84.19 Unrealized -3.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ALLETE INC	786,819	$52,245	5.1%	$65.23	—	—	018522300
SNPS	SYNOPSYS INC	87,538	$43,190	4.3%	$565.30	-21.4%	—	871607107
—	KELLANOVA	402,438	$33,008	3.2%	$78.18	+5.7%	—	487836108
—	WNS HLDGS LTD	380,028	$28,985	2.9%	$76.27	—	—	G98196101
TSLA	TESLA INC	63,022	$28,027	2.8%	$301.28	+47.1%	—	88160R101
COIN	COINBASE GLOBAL INC	52,416	$17,690	1.7%	$339.07	-12.1%	—	19260Q107
CCL	CARNIVAL CORP	590,105	$17,060	1.7%	$30.20	-7.7%	—	143658300
PRKS	UNITED PARKS & RESORTS INC	300,178	$15,519	1.5%	$50.42	-17.6%	—	81282V100
—	INDIVIOR PLC	616,863	$14,873	1.5%	$21.57	—	—	G4766E116
BABA	ALIBABA GROUP HLDG LTD	80,311	$14,354	1.4%	$178.73	—	—	01609W102
BIDU	BAIDU INC	100,146	$13,196	1.3%	$131.77	—	—	056752108
—	VERONA PHARMA PLC	107,991	$11,524	1.1%	$106.71	—	—	925050106
NTNX	NUTANIX INC	116,079	$8,635	0.9%	$59.30	+3.0%	—	67059N108
WSC	WILLSCOT HLDGS CORP	402,072	$8,488	0.8%	$29.71	-32.1%	—	971378104
GOOGL	ALPHABET INC	34,410	$8,365	0.8%	$163.29	+74.9%	—	02079K305
GDS	GDS HLDGS LTD	180,567	$6,988	0.7%	$38.70	—	—	36165L108
ANET	ARISTA NETWORKS INC	46,048	$6,710	0.7%	$128.77	+6.9%	—	040413205
MNDY	MONDAY COM LTD	24,426	$4,731	0.5%	$256.49	-34.3%	—	M7S64H106
DT	DYNATRACE INC	89,992	$4,360	0.4%	$52.19	-10.7%	—	268150109
ESTC	ELASTIC N V	49,256	$4,162	0.4%	$84.19	-3.1%	—	N14506104

Decreased Positions (10)

RBRK RUBRIK INC. 0.6%

Value ($000) $6,419 (-61.9%) Shares 83,931 (-59.0%) Est. Cost $61.02 Unrealized +25.7%

WDC WESTERN DIGITAL CORP 1.7%

Value ($000) $17,129 (-24.0%) Shares 99,431 (-47.0%) Est. Cost $48.13 Unrealized +214.9%

— CYBERARK SOFTWARE LTD 4.6%

Value ($000) $46,369 (-9.4%) Shares 103,952 (-1.9%) Est. Cost $456.03 Unrealized —

MRVL MARVELL TECHNOLOGY INC 2.2%

Value ($000) $22,783 (-16.7%) Shares 268,104 (-17.6%) Est. Cost $61.79 Unrealized +41.6%

PENN PENN ENTERTAINMENT INC 1.0%

Value ($000) $10,523 (-27.6%) Shares 713,416 (-5.4%) Est. Cost $19.44 Unrealized -19.7%

CYTK CYTOKINETICS INC 3.9%

Value ($000) $39,579 (-8.1%) Shares 622,898 (-20.5%) Est. Cost $61.56 Unrealized +1.1%

SNDK SANDISK CORP 1.5%

Value ($000) $15,039 (-9.9%) Shares 63,356 (-57.4%) Est. Cost $58.39 Unrealized +243.0%

MDB MONGODB INC 1.1%

Value ($000) $11,641 (+15.4%) Shares 27,738 (-14.6%) Est. Cost $257.06 Unrealized +41.5%

ABVX ABIVAX SA 0.4%

Value ($000) $4,449 (-18.3%) Shares 32,991 (-48.6%) Est. Cost $84.90 Unrealized —

SIMO SILICON MOTION TECHNOLOGY CO 0.9%

Value ($000) $9,123 (-9.4%) Shares 98,417 (-7.3%) Est. Cost $78.25 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RBRK	RUBRIK INC.	83,931 (-59.0%)	$6,419 (-61.9%)	0.6%	$61.02	+25.7%	CL A	781154109
WDC	WESTERN DIGITAL CORP	99,431 (-47.0%)	$17,129 (-24.0%)	1.7%	$48.13	+214.9%	COM	958102105
—	CYBERARK SOFTWARE LTD	103,952 (-1.9%)	$46,369 (-9.4%)	4.6%	$456.03	—	SHS	M2682V108
MRVL	MARVELL TECHNOLOGY INC	268,104 (-17.6%)	$22,783 (-16.7%)	2.2%	$61.79	+41.6%	COM	573874104
PENN	PENN ENTERTAINMENT INC	713,416 (-5.4%)	$10,523 (-27.6%)	1.0%	$19.44	-19.7%	COM	707569109
CYTK	CYTOKINETICS INC	622,898 (-20.5%)	$39,579 (-8.1%)	3.9%	$61.56	+1.1%	COM NEW	23282W605
SNDK	SANDISK CORP	63,356 (-57.4%)	$15,039 (-9.9%)	1.5%	$58.39	+243.0%	COM	80004C200
MDB	MONGODB INC	27,738 (-14.6%)	$11,641 (+15.4%)	1.1%	$257.06	+41.5%	CL A	60937P106
ABVX	ABIVAX SA	32,991 (-48.6%)	$4,449 (-18.3%)	0.4%	$84.90	—	SPONSORED ADS	00370M103
SIMO	SILICON MOTION TECHNOLOGY CO	98,417 (-7.3%)	$9,123 (-9.4%)	0.9%	$78.25	—	SPONSORED ADR	82706C108