Fore Capital, LLC Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	70,000	$27,742	9.1%	—	—	CALL	78463V107
GDX	VANECK ETF TRUST	150,000	$12,866	4.2%	—	—	CALL	92189F106
KWEB	KRANESHARES TRUST	150,000	$5,108	1.7%	—	—	CALL	500767306
CRM	SALESFORCE INC	10,000	$2,649	0.9%	$250.29	-0.8%	CALL	79466L302
AR	ANTERO RESOURCES CORP	65,000	$2,240	0.7%	$33.87	0.0%	COM	03674X106
CVE	CENOVUS ENERGY INC	65,000	$1,100	0.4%	$17.37	0.0%	COM	15135U109
CNQ	CANADIAN NAT RES LTD	30,000	$1,016	0.3%	$32.42	0.0%	COM	136385101
PBR	PETROLEO BRASILEIRO SA PETRO	80,000	$948	0.3%	$11.85	—	SPONSORED ADR	71654V408
OXY	OCCIDENTAL PETE CORP	23,000	$946	0.3%	$41.55	0.0%	COM	674599105
BHC	BAUSCH HEALTH COS INC	120,000	$834	0.3%	$6.77	-2.9%	CALL	071734107
VGZ	VISTA GOLD CORP	380,000	$748	0.2%	$1.93	0.0%	COM NEW	927926303
BKR	BAKER HUGHES COMPANY	13,000	$592	0.2%	$47.34	0.0%	CL A	05722G100
NU	NU HLDGS LTD	35,000	$586	0.2%	$16.07	0.0%	ORD SHS CL A	G6683N103
EQT	EQT CORP	10,000	$536	0.2%	$56.13	0.0%	COM	26884L109
—	NCL CORP LTD	500,000	$500	0.2%	$1.00	—	NOTE 1.125% 2/1	62886HBD2
EXE	EXPAND ENERGY CORPORATION	3,500	$386	0.1%	$110.64	0.0%	COM	165167735
RRC	RANGE RES CORP	10,000	$353	0.1%	$37.25	0.0%	COM	75281A109
HAL	HALLIBURTON CO	10,000	$283	0.1%	$26.29	0.0%	COM	406216101
UAMY	UNITED STATES ANTIMONY CORP	55,000	$276	0.1%	$7.85	0.0%	COM	911549103
EVO	EVOTEC AG	31,355	$97	0.0%	$3.08	—	SPONSORED ADS	30050E105

Increased Positions (14)

GLD SPDR GOLD TR 16.2%

Value ($000) $49,539 (+178.7%) Shares 125,000 (+150.0%) Est. Cost — Unrealized —

GDX VANECK ETF TRUST 5.5%

Value ($000) $16,725 (+163.1%) Shares 195,000 (+95.0%) Est. Cost — Unrealized —

— JD.COM INC 2.3%

Value ($000) $7,032 (+335.3%) Shares 7,000,000 (+366.7%) Est. Cost $1.02 Unrealized —

QQQ INVESCO QQQ TR 9.8%

Value ($000) $30,101 (+16.6%) Shares 49,000 (+14.0%) Est. Cost — Unrealized —

— SHIFT4 PMTS INC 1.6%

Value ($000) $4,818 (+388.3%) Shares 5,000,000 (+400.0%) Est. Cost $0.97 Unrealized —

NVDA NVIDIA CORPORATION 2.4%

Value ($000) $7,460 (+87.7%) Shares 40,000 (+87.8%) Est. Cost — Unrealized —

NU NU HLDGS LTD 0.8%

Value ($000) $2,344 (+109.1%) Shares 140,000 (+100.0%) Est. Cost $16.07 Unrealized 0.0%

HUM HUMANA INC 0.4%

Value ($000) $1,178 (+115.6%) Shares 4,600 (+119.0%) Est. Cost $261.27 Unrealized +0.0%

CRM SALESFORCE INC 0.4%

Value ($000) $1,325 (+72.0%) Shares 5,000 (+53.8%) Est. Cost $250.29 Unrealized -0.8%

ODV OSISKO DEVELOPMENT CORP 0.2%

Value ($000) $489 (+860.9%) Shares 140,000 (+833.3%) Est. Cost $3.23 Unrealized +6.5%

GRFS GRIFOLS S A 0.2%

Value ($000) $655 (+119.0%) Shares 70,000 (+133.3%) Est. Cost $8.87 Unrealized —

BHC BAUSCH HEALTH COS INC 0.3%

Value ($000) $834 (+43.7%) Shares 120,000 (+33.3%) Est. Cost $6.77 Unrealized -2.9%

ELS EQUITY LIFESTYLE PPTYS INC 0.7%

Value ($000) $2,121 (+9.5%) Shares 35,000 (+9.7%) Est. Cost $60.69 Unrealized —

ODVWZ OSISKO DEVELOPMENT CORP 0.0%

Value ($000) $2 (-89.8%) Shares 24,999 (+66.7%) Est. Cost $0.37 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	125,000 (+150.0%)	$49,539 (+178.7%)	16.2%	—	—	PUT	78463V107
GDX	VANECK ETF TRUST	195,000 (+95.0%)	$16,725 (+163.1%)	5.5%	—	—	PUT	92189F106
—	JD.COM INC	7,000,000 (+366.7%)	$7,032 (+335.3%)	2.3%	$1.02	—	NOTE 0.250% 6/0	47215PAJ5
QQQ	INVESCO QQQ TR	49,000 (+14.0%)	$30,101 (+16.6%)	9.8%	—	—	PUT	46090E103
—	SHIFT4 PMTS INC	5,000,000 (+400.0%)	$4,818 (+388.3%)	1.6%	$0.97	—	NOTE 0.500% 8/0	82452JAD1
NVDA	NVIDIA CORPORATION	40,000 (+87.8%)	$7,460 (+87.7%)	2.4%	—	—	PUT	67066G104
NU	NU HLDGS LTD	140,000 (+100.0%)	$2,344 (+109.1%)	0.8%	$16.07	0.0%	CALL	G6683N103
HUM	HUMANA INC	4,600 (+119.0%)	$1,178 (+115.6%)	0.4%	$261.27	+0.0%	COM	444859102
CRM	SALESFORCE INC	5,000 (+53.8%)	$1,325 (+72.0%)	0.4%	$250.29	-0.8%	COM	79466L302
ODV	OSISKO DEVELOPMENT CORP	140,000 (+833.3%)	$489 (+860.9%)	0.2%	$3.23	+6.5%	COM NEW	68828E809
GRFS	GRIFOLS S A	70,000 (+133.3%)	$655 (+119.0%)	0.2%	$8.87	—	SP ADR REP B NVT	398438408
BHC	BAUSCH HEALTH COS INC	120,000 (+33.3%)	$834 (+43.7%)	0.3%	$6.77	-2.9%	COM	071734107
ELS	EQUITY LIFESTYLE PPTYS INC	35,000 (+9.7%)	$2,121 (+9.5%)	0.7%	$60.69	—	COM	29472R108
ODVWZ	OSISKO DEVELOPMENT CORP	24,999 (+66.7%)	$2 (-89.8%)	0.0%	$0.37	—	*W EXP 05/27/202	68828E239

Exited Positions (29)

SPY SPDR S&P 500 ETF TR 20.7%

Value ($000) $63,287 Shares 95,000 Est. Cost — Unrealized —

— ETSY INC 2.0%

Value ($000) $6,200 Shares 7,000,000 Est. Cost $0.83 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 1.6%

Value ($000) $4,875 Shares 75,000 Est. Cost — Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 1.3%

Value ($000) $3,900 Shares 60,000 Est. Cost — Unrealized —

— RAPID7 INC 0.9%

Value ($000) $2,664 Shares 3,000,000 Est. Cost $0.86 Unrealized —

— SHIFT4 PMTS INC 0.7%

Value ($000) $2,057 Shares 2,000,000 Est. Cost $1.03 Unrealized —

XLV SELECT SECTOR SPDR TR 0.6%

Value ($000) $1,948 Shares 14,000 Est. Cost $139.17 Unrealized —

NVO NOVO-NORDISK A S 0.6%

Value ($000) $1,942 Shares 35,000 Est. Cost $55.49 Unrealized —

— HAEMONETICS CORP MASS 0.6%

Value ($000) $1,855 Shares 2,000,000 Est. Cost $0.93 Unrealized —

QFIN QFIN HOLDINGS INC 0.6%

Value ($000) $1,727 Shares 60,000 Est. Cost — Unrealized —

NVO NOVO-NORDISK A S 0.5%

Value ($000) $1,609 Shares 29,000 Est. Cost $55.49 Unrealized —

OSCR OSCAR HEALTH INC 0.5%

Value ($000) $1,420 Shares 75,000 Est. Cost $16.48 Unrealized +5.0%

ELV ELEVANCE HEALTH INC FORMERLY 0.4%

Value ($000) $1,292 Shares 4,000 Est. Cost $308.14 Unrealized +9.3%

CNC CENTENE CORP DEL 0.4%

Value ($000) $1,249 Shares 35,000 Est. Cost $30.20 Unrealized +23.9%

PPTA PERPETUA RESOURCES CORP 0.3%

Value ($000) $1,012 Shares 50,000 Est. Cost $14.02 Unrealized +75.5%

VZLA VIZSLA SILVER CORP 0.3%

Value ($000) $842 Shares 195,000 Est. Cost $2.69 Unrealized +74.3%

VICI VICI PPTYS INC 0.3%

Value ($000) $815 Shares 25,000 Est. Cost $32.06 Unrealized -8.6%

NU NU HLDGS LTD 0.3%

Value ($000) $801 Shares 50,000 Est. Cost $16.07 Unrealized 0.0%

MOH MOLINA HEALTHCARE INC 0.2%

Value ($000) $670 Shares 3,500 Est. Cost $184.06 Unrealized -10.7%

OSCR OSCAR HEALTH INC 0.2%

Value ($000) $663 Shares 35,000 Est. Cost $16.48 Unrealized +5.0%

IQV IQVIA HLDGS INC 0.2%

Value ($000) $494 Shares 2,600 Est. Cost $181.84 Unrealized +19.7%

CHYM CHIME FINL INC 0.2%

Value ($000) $484 Shares 24,000 Est. Cost $30.49 Unrealized -30.3%

OKTA OKTA INC 0.2%

Value ($000) $481 Shares 5,250 Est. Cost $93.37 Unrealized -6.5%

CHYM CHIME FINL INC 0.1%

Value ($000) $403 Shares 20,000 Est. Cost $30.49 Unrealized -30.3%

ARGT GLOBAL X FDS 0.1%

Value ($000) $370 Shares 5,300 Est. Cost $69.76 Unrealized —

MELI MERCADOLIBRE INC 0.1%

Value ($000) $304 Shares 130 Est. Cost $2400.46 Unrealized -12.5%

ARGT GLOBAL X FDS 0.1%

Value ($000) $279 Shares 4,000 Est. Cost $69.76 Unrealized —

UROY URANIUM RTY CORP 0.1%

Value ($000) $258 Shares 60,000 Est. Cost $3.02 Unrealized +29.4%

NG NOVAGOLD RES INC 0.0%

Value ($000) $88 Shares 10,000 Est. Cost $3.74 Unrealized +147.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	95,000	$63,287	20.7%	—	—	PUT	78462F103
—	ETSY INC	7,000,000	$6,200	2.0%	$0.83	—	—	29786AAN6
IBIT	ISHARES BITCOIN TRUST ETF	75,000	$4,875	1.6%	—	—	PUT	46438F101
IBIT	ISHARES BITCOIN TRUST ETF	60,000	$3,900	1.3%	—	—	CALL	46438F101
—	RAPID7 INC	3,000,000	$2,664	0.9%	$0.86	—	—	753422AH7
—	SHIFT4 PMTS INC	2,000,000	$2,057	0.7%	$1.03	—	—	82452JAB5
XLV	SELECT SECTOR SPDR TR	14,000	$1,948	0.6%	$139.17	—	—	81369Y209
NVO	NOVO-NORDISK A S	35,000	$1,942	0.6%	$55.49	—	PUT	670100205
—	HAEMONETICS CORP MASS	2,000,000	$1,855	0.6%	$0.93	—	—	405024AD2
QFIN	QFIN HOLDINGS INC	60,000	$1,727	0.6%	—	—	PUT	88557W101
NVO	NOVO-NORDISK A S	29,000	$1,609	0.5%	$55.49	—	—	670100205
OSCR	OSCAR HEALTH INC	75,000	$1,420	0.5%	$16.48	+5.0%	—	687793109
ELV	ELEVANCE HEALTH INC FORMERLY	4,000	$1,292	0.4%	$308.14	+9.3%	—	036752103
CNC	CENTENE CORP DEL	35,000	$1,249	0.4%	$30.20	+23.9%	—	15135B101
PPTA	PERPETUA RESOURCES CORP	50,000	$1,012	0.3%	$14.02	+75.5%	—	714266103
VZLA	VIZSLA SILVER CORP	195,000	$842	0.3%	$2.69	+74.3%	—	92859G608
VICI	VICI PPTYS INC	25,000	$815	0.3%	$32.06	-8.6%	—	925652109
NU	NU HLDGS LTD	50,000	$801	0.3%	$16.07	0.0%	PUT	G6683N103
MOH	MOLINA HEALTHCARE INC	3,500	$670	0.2%	$184.06	-10.7%	CALL	60855R100
OSCR	OSCAR HEALTH INC	35,000	$663	0.2%	$16.48	+5.0%	CALL	687793109
IQV	IQVIA HLDGS INC	2,600	$494	0.2%	$181.84	+19.7%	—	46266C105
CHYM	CHIME FINL INC	24,000	$484	0.2%	$30.49	-30.3%	—	16935C109
OKTA	OKTA INC	5,250	$481	0.2%	$93.37	-6.5%	—	679295105
CHYM	CHIME FINL INC	20,000	$403	0.1%	$30.49	-30.3%	PUT	16935C109
ARGT	GLOBAL X FDS	5,300	$370	0.1%	$69.76	—	PUT	37950E259
MELI	MERCADOLIBRE INC	130	$304	0.1%	$2400.46	-12.5%	—	58733R102
ARGT	GLOBAL X FDS	4,000	$279	0.1%	$69.76	—	—	37950E259
UROY	URANIUM RTY CORP	60,000	$258	0.1%	$3.02	+29.4%	—	91702V101
NG	NOVAGOLD RES INC	10,000	$88	0.0%	$3.74	+147.7%	—	66987E206

Decreased Positions (10)

SLV ISHARES SILVER TR 12.5%

Value ($000) $38,330 (-51.5%) Shares 595,000 (-68.1%) Est. Cost — Unrealized —

HYG ISHARES TR 10.5%

Value ($000) $32,252 (-38.9%) Shares 400,000 (-38.5%) Est. Cost — Unrealized —

MOH MOLINA HEALTHCARE INC 0.2%

Value ($000) $694 (-54.7%) Shares 4,000 (-50.0%) Est. Cost $184.06 Unrealized -10.7%

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.0%

Value ($000) $66 (-89.8%) Shares 30,000 (-92.7%) Est. Cost $1.48 Unrealized +25.3%

IAUX/WS I-80 GOLD CORP 0.3%

Value ($000) $971 (+86.7%) Shares 1,055,000 (-8.7%) Est. Cost $0.45 Unrealized —

CNC CENTENE CORP DEL 1.1%

Value ($000) $3,292 (+8.5%) Shares 80,000 (-5.9%) Est. Cost $30.20 Unrealized +23.9%

— MIND MEDICINE MINDMED INC 0.1%

Value ($000) $201 (-51.3%) Shares 15,000 (-57.1%) Est. Cost $6.51 Unrealized —

HELP CYBIN INC 0.2%

Value ($000) $543 (+29.2%) Shares 66,421 (-7.0%) Est. Cost $8.37 Unrealized -23.1%

— MIND MEDICINE MINDMED INC 0.4%

Value ($000) $1,071 (+6.9%) Shares 80,000 (-5.9%) Est. Cost $6.51 Unrealized —

EAF GRAFTECH INTL LTD 0.2%

Value ($000) $543 (-7.9%) Shares 35,000 (-23.9%) Est. Cost $11.57 Unrealized +31.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SLV	ISHARES SILVER TR	595,000 (-68.1%)	$38,330 (-51.5%)	12.5%	—	—	CALL	46428Q109
HYG	ISHARES TR	400,000 (-38.5%)	$32,252 (-38.9%)	10.5%	—	—	PUT	464288513
MOH	MOLINA HEALTHCARE INC	4,000 (-50.0%)	$694 (-54.7%)	0.2%	$184.06	-10.7%	COM	60855R100
CCO	CLEAR CHANNEL OUTDOOR HLDGS	30,000 (-92.7%)	$66 (-89.8%)	0.0%	$1.48	+25.3%	COM	18453H106
IAUX/WS	I-80 GOLD CORP	1,055,000 (-8.7%)	$971 (+86.7%)	0.3%	$0.45	—	*W EXP 11/16/202	44955L155
CNC	CENTENE CORP DEL	80,000 (-5.9%)	$3,292 (+8.5%)	1.1%	$30.20	+23.9%	CALL	15135B101
—	MIND MEDICINE MINDMED INC	15,000 (-57.1%)	$201 (-51.3%)	0.1%	$6.51	—	COM NEW	60255C885
HELP	CYBIN INC	66,421 (-7.0%)	$543 (+29.2%)	0.2%	$8.37	-23.1%	COM NEW	23256X407
—	MIND MEDICINE MINDMED INC	80,000 (-5.9%)	$1,071 (+6.9%)	0.4%	$6.51	—	CALL	60255C885
EAF	GRAFTECH INTL LTD	35,000 (-23.9%)	$543 (-7.9%)	0.2%	$11.57	+31.4%	COM NEW	384313607

Unchanged Positions (8)

— ALIBABA GROUP HLDG LTD 3.6%

Value ($000) $10,889 Shares 7,000,000 Est. Cost $1.84 Unrealized —

IAU ISHARES GOLD TR 5.5%

Value ($000) $16,883 Shares 208,000 Est. Cost $40.19 Unrealized —

CEF SPROTT ASSET MANAGEMENT LP 1.6%

Value ($000) $5,038 Shares 110,000 Est. Cost $20.34 Unrealized —

— NEOGENOMICS INC 0.9%

Value ($000) $2,681 Shares 3,000,000 Est. Cost $0.86 Unrealized —

— LITHIUM ARGENTINA AG 0.8%

Value ($000) $2,598 Shares 2,860,000 Est. Cost $0.77 Unrealized —

— BILL HOLDINGS INC 0.2%

Value ($000) $729 Shares 768,000 Est. Cost $0.83 Unrealized —

— ENPHASE ENERGY INC 0.6%

Value ($000) $1,748 Shares 2,000,000 Est. Cost $0.87 Unrealized —

— OIL STS INTL INC 1.0%

Value ($000) $3,011 Shares 3,000,000 Est. Cost $0.97 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ALIBABA GROUP HLDG LTD	7,000,000	$10,889	3.6%	$1.84	—	NOTE 0.500% 6/0	01609WBG6
IAU	ISHARES GOLD TR	208,000	$16,883	5.5%	$40.19	—	ISHARES NEW	464285204
CEF	SPROTT ASSET MANAGEMENT LP	110,000	$5,038	1.6%	$20.34	—	PHYSICAL GOLD AN	85208R101
—	NEOGENOMICS INC	3,000,000	$2,681	0.9%	$0.86	—	NOTE 0.250% 1/1	64049MAB6
—	LITHIUM ARGENTINA AG	2,860,000	$2,598	0.8%	$0.77	—	NOTE 1.750% 1/1	53680QAA6
—	BILL HOLDINGS INC	768,000	$729	0.2%	$0.83	—	NOTE 4/0	090043AD2
—	ENPHASE ENERGY INC	2,000,000	$1,748	0.6%	$0.87	—	NOTE 3/0	29355AAK3
—	OIL STS INTL INC	3,000,000	$3,011	1.0%	$0.97	—	NOTE 4.750% 4/0	678026AK1