Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GGAL	GRUPO FINANCIERO GALICIA S.A	67,845	$3.394M	2.1%	$50.03	—	SPONSORED ADR	399909100
TEO	TELECOM ARGENTINA SA	233,278	$3.033M	1.9%	$13.00	—	SPON ADR REP B	879273209
BMA	BANCO MACRO S A	24,500	$2.268M	1.4%	$92.59	—	SPON ADR B	05961W105
LRN	STRIDE INC	20,000	$1.725M	1.1%	$86.24	—	COM	86333M108
YMM	FULL TRUCK ALLIANCE CO LTD	202,072	$1.641M	1.0%	$8.12	—	SPONSORED ADS	35969L108
TDOC	TELADOC HEALTH INC	178,438	$1.513M	1.0%	$8.48	—	COM	87918A105
GDDY	GODADDY INC	170	$1.384M	0.9%	$8138.49	—	CL A	380237107
BSAC	BANCO SANTANDER CHILE NEW	40,000	$1.317M	0.8%	$32.93	—	SP ADR REP COM	05965X109
RXT	RACKSPACE TECHNOLOGY INC	200,000	$1.306M	0.8%	$6.53	—	COM	750102105
BBD	BANCO BRADESCO S A	366,000	$1.27M	0.8%	$3.47	—	SP ADR PFD NEW	059460303
APH	AMPHENOL CORP	353	$1.27M	0.8%	$3596.33	—	CL A	032095101
VTMX	VESTA REAL ESTATE CORP	30,400	$1.043M	0.7%	$34.31	—	ADS	92540K109
ANET	ARISTA NETWORKS INC	170	$900K	0.6%	$5296.26	—	COM SHS	040413205
EMR	EMERSON ELEC CO	143	$859K	0.5%	$6006.29	—	COM	291011104
GTLB	GITLAB INC	31	$794K	0.5%	$25605.81	—	CLASS A COM	37637K108
BCH	BANCO DE CHILE	18,832	$749K	0.5%	$39.76	—	SPONSORED ADS	059520106
GLW	CORNING INC	255	$664K	0.4%	$2604.38	—	COM	219350105
TEAM	ATLASSIAN CORPORATION	78	$661K	0.4%	$8477.11	—	CL A	049468101
TSLA	TESLA INC	421	$656K	0.4%	$1558.52	—	COM	88160R101
MTZ	MASTEC INC	416	$649K	0.4%	$1560.23	—	COM	576323109
STM	STMICROELECTRONICS N V	75	$644K	0.4%	$8587.39	—	NY REGISTRY	861012102
CRM	SALESFORCE INC	157	$611K	0.4%	$3891.55	—	COM	79466L302
PWR	QUANTA SVCS INC	720	$576K	0.4%	$800.04	—	COM	74762E102
TXN	TEXAS INSTRS INC	298	$566K	0.4%	$1900.45	—	COM	882508104
QCOM	QUALCOMM INC	185	$554K	0.3%	$2996.59	—	COM	747525103
CIFR	CIPHER DIGITAL INC	25	$532K	0.3%	$21266.00	—	COM	17253J106
GPGI	GPGI INC	16	$468K	0.3%	$29223.44	—	COM CL A	20459V105
HON	HONEYWELL INTL INC	448	$437K	0.3%	$974.56	—	COM	438516205
HONA	HONEYWELL AEROSPACE INC	442	$431K	0.3%	$975.35	—	COM	43849R105
EMBJ	EMBRAER S.A.	6,200	$396K	0.2%	$63.80	—	SPONSORED ADS	29082A107
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	9,300	$360K	0.2%	$38.73	—	CL A	192446102
SYNA	SYNAPTICS INC	124	$311K	0.2%	$2504.64	—	COM	87157D109
ESI	ELEMENT SOLUTIONS INC	48	$310K	0.2%	$6466.15	—	COM	28618M106
CYTK	CYTOKINETICS INC	85	$273K	0.2%	$3207.15	—	COM NEW	23282W605
LNTH	LANTHEUS HLDGS INC	111	$233K	0.1%	$2098.86	—	COM	516544103
RGEN	REPLIGEN CORP	136	$191K	0.1%	$1404.53	—	COM	759916109
AXSM	AXSOME THERAPEUTICS INC.	245	$171K	0.1%	$699.34	—	COM	05464T104
INDV	INDIVIOR PHARMACEUTICALS INC	41	$140K	0.1%	$3402.49	—	COM	45579U109
TNGX	TANGO THERAPEUTICS INC	31	$134K	0.1%	$4336.06	—	COM	87583X109
TMO	THERMO FISHER SCIENTIFIC INC	501	$120K	0.1%	$240.17	—	COM	883556102
XEL	XCEL ENERGY INC	80	$96,360	0.1%	$1204.50	—	COM	98389B100
SPGI	S&P GLOBAL INC	407	$65,162	0.0%	$160.10	—	COM	78409V104

Increased Positions (21)

PDD PDD HOLDINGS INC 9.0%

Value $14.31M (+91.2%) Shares 85,772 (+13.2%) Est. Cost $126.66 Unrealized —

SRE SEMPRA 3.4%

Value $5.377M (+121.4%) Shares 50,093 (+100.4%) Est. Cost $98.45 Unrealized —

PAM PAMPA ENERGIA SA 5.2%

Value $8.254M (+29.8%) Shares 77,660 (+5.0%) Est. Cost $84.57 Unrealized —

SHC SOTERA HEALTH CO 1.4%

Value $2.219M (+209.4%) Shares 125,000 (+150.0%) Est. Cost $17.87 Unrealized —

MU MICRON TECHNOLOGY INC 1.3%

Value $2.008M (+287.1%) Shares 2,309 (+156.6%) Est. Cost $681.65 Unrealized —

MELI MERCADOLIBRE INC 2.3%

Value $3.734M (-28.1%) Shares 3,695 (+27.0%) Est. Cost $1846.85 Unrealized —

TGS TRANSPORTADORA DE GAS DEL SU 2.3%

Value $3.712M (+45.2%) Shares 124,861 (+69.0%) Est. Cost $31.15 Unrealized —

BVN COMPANIA DE MINAS BUENAVENTU 1.0%

Value $1.558M (+232.6%) Shares 53,200 (+309.2%) Est. Cost $30.94 Unrealized —

AMAT APPLIED MATLS INC 0.8%

Value $1.345M (+390.9%) Shares 1,446 (+106.6%) Est. Cost $637.88 Unrealized —

WDC WESTERN DIGITAL CORP 0.8%

Value $1.226M (+362.0%) Shares 1,277 (+112.8%) Est. Cost $627.16 Unrealized —

META META PLATFORMS INC 0.8%

Value $1.284M (+250.7%) Shares 1,127 (+87.8%) Est. Cost $881.89 Unrealized —

TER TERADYNE INC 0.6%

Value $1.006M (+645.6%) Shares 968 (+142.0%) Est. Cost $719.91 Unrealized —

AVGO BROADCOM INC 0.6%

Value $967K (+729.2%) Shares 756 (+170.0%) Est. Cost $929.16 Unrealized —

COHR COHERENT CORP 0.6%

Value $892K (+800.8%) Shares 789 (+163.0%) Est. Cost $781.41 Unrealized —

VRT VERTIV HOLDINGS CO 0.6%

Value $897K (+351.9%) Shares 670 (+11.7%) Est. Cost $318.90 Unrealized —

CIEN CIENA CORP 0.7%

Value $1.099M (+155.1%) Shares 981 (+22.6%) Est. Cost $427.61 Unrealized —

ISRG INTUITIVE SURGICAL INC 0.4%

Value $668K (+310.3%) Shares 795 (+120.8%) Est. Cost $695.74 Unrealized —

VIST VISTA ENERGY S.A.B. DE C.V. 1.2%

Value $1.984M (-12.4%) Shares 31,100 (+3.7%) Est. Cost $75.06 Unrealized —

XPOF XPONENTIAL FITNESS INC 0.8%

Value $1.341M (+23.7%) Shares 193,730 (+7.6%) Est. Cost $12.66 Unrealized —

LLY ELI LILLY & CO 0.2%

Value $240K (+23.9%) Shares 1,199 (+499.5%) Est. Cost $341.36 Unrealized —

ACTU ACTUATE THERAPEUTICS INC 0.1%

Value $112K (-18.3%) Shares 73,186 (+46.4%) Est. Cost $4.09 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	85,772 (+13.2%)	$14.31M (+91.2%)	9.0%	$126.66	—	SPONSORED ADS	722304102
SRE	SEMPRA	50,093 (+100.4%)	$5.377M (+121.4%)	3.4%	$98.45	—	COM	816851109
PAM	PAMPA ENERGIA SA	77,660 (+5.0%)	$8.254M (+29.8%)	5.2%	$84.57	—	SPONS ADR LVL I	697660207
SHC	SOTERA HEALTH CO	125,000 (+150.0%)	$2.219M (+209.4%)	1.4%	$17.87	—	COM	83601L102
MU	MICRON TECHNOLOGY INC	2,309 (+156.6%)	$2.008M (+287.1%)	1.3%	$681.65	—	COM	595112103
MELI	MERCADOLIBRE INC	3,695 (+27.0%)	$3.734M (-28.1%)	2.3%	$1846.85	—	COM	58733R102
TGS	TRANSPORTADORA DE GAS DEL SU	124,861 (+69.0%)	$3.712M (+45.2%)	2.3%	$31.15	—	SPONSORED ADS B	893870204
BVN	COMPANIA DE MINAS BUENAVENTU	53,200 (+309.2%)	$1.558M (+232.6%)	1.0%	$30.94	—	SPONSORED ADR	204448104
AMAT	APPLIED MATLS INC	1,446 (+106.6%)	$1.345M (+390.9%)	0.8%	$637.88	—	COM	038222105
WDC	WESTERN DIGITAL CORP	1,277 (+112.8%)	$1.226M (+362.0%)	0.8%	$627.16	—	COM	958102105
META	META PLATFORMS INC	1,127 (+87.8%)	$1.284M (+250.7%)	0.8%	$881.89	—	CL A	30303M102
TER	TERADYNE INC	968 (+142.0%)	$1.006M (+645.6%)	0.6%	$719.91	—	COM	880770102
AVGO	BROADCOM INC	756 (+170.0%)	$967K (+729.2%)	0.6%	$929.16	—	COM	11135F101
COHR	COHERENT CORP	789 (+163.0%)	$892K (+800.8%)	0.6%	$781.41	—	COM	19247G107
VRT	VERTIV HOLDINGS CO	670 (+11.7%)	$897K (+351.9%)	0.6%	$318.90	—	COM CL A	92537N108
CIEN	CIENA CORP	981 (+22.6%)	$1.099M (+155.1%)	0.7%	$427.61	—	COM NEW	171779309
ISRG	INTUITIVE SURGICAL INC	795 (+120.8%)	$668K (+310.3%)	0.4%	$695.74	—	COM NEW	46120E602
VIST	VISTA ENERGY S.A.B. DE C.V.	31,100 (+3.7%)	$1.984M (-12.4%)	1.2%	$75.06	—	SPONSORED ADS	92837L109
XPOF	XPONENTIAL FITNESS INC	193,730 (+7.6%)	$1.341M (+23.7%)	0.8%	$12.66	—	COM CL A	98422X101
LLY	ELI LILLY & CO	1,199 (+499.5%)	$240K (+23.9%)	0.2%	$341.36	—	COM	532457108
ACTU	ACTUATE THERAPEUTICS INC	73,186 (+46.4%)	$112K (-18.3%)	0.1%	$4.09	—	COM	005083100

Exited Positions (40)

STNE STONECO LTD 3.6%

Value $5.761M Shares 480,350 Est. Cost $11.99 Unrealized —

INTR INTER & CO INC 2.6%

Value $4.196M Shares 581,700 Est. Cost $8.87 Unrealized —

NU NU HLDGS LTD 2.2%

Value $3.507M Shares 247,700 Est. Cost $17.34 Unrealized —

CLBT CELLEBRITE DI LTD 2.2%

Value $3.445M Shares 250,000 Est. Cost $15.55 Unrealized —

XP XP INC 1.5%

Value $2.458M Shares 129,100 Est. Cost $19.34 Unrealized —

KOF COCA-COLA FEMSA SAB DE CV 1.2%

Value $1.959M Shares 20,080 Est. Cost $88.97 Unrealized —

SN SHARKNINJA INC 1.2%

Value $1.853M Shares 17,500 Est. Cost $122.72 Unrealized —

GENI GENIUS SPORTS LIMITED 1.1%

Value $1.772M Shares 400,000 Est. Cost $8.31 Unrealized —

BAP CREDICORP LTD 1.0%

Value $1.526M Shares 4,500 Est. Cost $336.89 Unrealized —

PHIN PHINIA INC 0.9%

Value $1.369M Shares 20,003 Est. Cost $43.84 Unrealized —

POWL POWELL INDS INC 0.8%

Value $1.353M Shares 2,500 Est. Cost $274.58 Unrealized —

PAGS PAGSEGURO DIGITAL LTD 0.7%

Value $1.191M Shares 118,900 Est. Cost $10.73 Unrealized —

ARCO ARCOS DORADOS HLDGS INC 0.6%

Value $907K Shares 109,882 Est. Cost $8.12 Unrealized —

CELH CELSIUS HLDGS INC 0.6%

Value $887K Shares 25,000 Est. Cost $50.69 Unrealized —

AVTR AVANTOR INC 0.4%

Value $588K Shares 75,000 Est. Cost $12.88 Unrealized —

ALTG ALTA EQUIPMENT GROUP INC 0.3%

Value $523K Shares 97,425 Est. Cost $10.01 Unrealized —

ZM ZOOM COMMUNICATIONS INC 0.3%

Value $490K Shares 4,600 Est. Cost $88.07 Unrealized —

LITE LUMENTUM HLDGS INC 0.3%

Value $488K Shares 500 Est. Cost $467.14 Unrealized —

NVT NVENT ELEC PLC 0.3%

Value $456K Shares 2,800 Est. Cost $112.33 Unrealized —

TTAM TITAN AMER SA 0.3%

Value $449K Shares 30,000 Est. Cost $17.89 Unrealized —

SATS ECHOSTAR CORP 0.2%

Value $373K Shares 3,100 Est. Cost $116.36 Unrealized —

CEG CONSTELLATION ENERGY CORP 0.2%

Value $372K Shares 1,160 Est. Cost $301.15 Unrealized —

FANG DIAMONDBACK ENERGY INC 0.2%

Value $363K Shares 1,700 Est. Cost $159.83 Unrealized —

LIN LINDE PLC 0.2%

Value $336K Shares 680 Est. Cost $460.00 Unrealized —

AXON AXON ENTERPRISE INC 0.2%

Value $299K Shares 760 Est. Cost $526.80 Unrealized —

CELC CELCUITY INC 0.1%

Value $217K Shares 1,500 Est. Cost $107.47 Unrealized —

ICLR ICON PLC 0.1%

Value $202K Shares 1,800 Est. Cost $156.36 Unrealized —

CRDO CREDO TECHNOLOGY GROUP HOLDI 0.1%

Value $198K Shares 1,100 Est. Cost $131.33 Unrealized —

JAZZ JAZZ PHARMACEUTICALS PLC 0.1%

Value $187K Shares 900 Est. Cost $169.07 Unrealized —

RPRX ROYALTY PHARMA PLC 0.1%

Value $181K Shares 3,600 Est. Cost $42.28 Unrealized —

CGON CG ONCOLOGY INC 0.1%

Value $176K Shares 2,600 Est. Cost $52.43 Unrealized —

EW EDWARDS LIFESCIENCES CORP 0.1%

Value $175K Shares 2,100 Est. Cost $81.94 Unrealized —

ALKS ALKERMES PLC 0.1%

Value $167K Shares 4,900 Est. Cost $32.34 Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 0.1%

Value $158K Shares 360 Est. Cost $497.31 Unrealized —

DXCM DEXCOM INC 0.1%

Value $150K Shares 2,500 Est. Cost $70.92 Unrealized —

PRAX PRAXIS PRECISION MEDICINES I 0.1%

Value $135K Shares 400 Est. Cost $311.81 Unrealized —

SNOW SNOWFLAKE INC 0.1%

Value $101K Shares 700 Est. Cost $194.49 Unrealized —

SNPS SYNOPSYS INC 0.1%

Value $99,500 Shares 200 Est. Cost $471.68 Unrealized —

SHOP SHOPIFY INC 0.1%

Value $89,285 Shares 700 Est. Cost $136.45 Unrealized —

BBIO BRIDGEBIO PHARMA INC 0.1%

Value $85,755 Shares 1,243 Est. Cost $74.48 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
STNE	STONECO LTD	480,350	$5.761M	3.6%	$11.99	—	—	G85158106
INTR	INTER & CO INC	581,700	$4.196M	2.6%	$8.87	—	—	G4R20B107
NU	NU HLDGS LTD	247,700	$3.507M	2.2%	$17.34	—	—	G6683N103
CLBT	CELLEBRITE DI LTD	250,000	$3.445M	2.2%	$15.55	—	—	M2197Q107
XP	XP INC	129,100	$2.458M	1.5%	$19.34	—	—	G98239109
KOF	COCA-COLA FEMSA SAB DE CV	20,080	$1.959M	1.2%	$88.97	—	—	191241108
SN	SHARKNINJA INC	17,500	$1.853M	1.2%	$122.72	—	—	G8068L108
GENI	GENIUS SPORTS LIMITED	400,000	$1.772M	1.1%	$8.31	—	—	G3934V109
BAP	CREDICORP LTD	4,500	$1.526M	1.0%	$336.89	—	—	G2519Y108
PHIN	PHINIA INC	20,003	$1.369M	0.9%	$43.84	—	—	71880K101
POWL	POWELL INDS INC	2,500	$1.353M	0.8%	$274.58	—	—	739128106
PAGS	PAGSEGURO DIGITAL LTD	118,900	$1.191M	0.7%	$10.73	—	—	G68707101
ARCO	ARCOS DORADOS HLDGS INC	109,882	$907K	0.6%	$8.12	—	—	G0457F107
CELH	CELSIUS HLDGS INC	25,000	$887K	0.6%	$50.69	—	—	15118V207
AVTR	AVANTOR INC	75,000	$588K	0.4%	$12.88	—	—	05352A100
ALTG	ALTA EQUIPMENT GROUP INC	97,425	$523K	0.3%	$10.01	—	—	02128L106
ZM	ZOOM COMMUNICATIONS INC	4,600	$490K	0.3%	$88.07	—	—	98980L101
LITE	LUMENTUM HLDGS INC	500	$488K	0.3%	$467.14	—	—	55024U109
NVT	NVENT ELEC PLC	2,800	$456K	0.3%	$112.33	—	—	G6700G107
TTAM	TITAN AMER SA	30,000	$449K	0.3%	$17.89	—	—	B9151N105
SATS	ECHOSTAR CORP	3,100	$373K	0.2%	$116.36	—	—	278768106
CEG	CONSTELLATION ENERGY CORP	1,160	$372K	0.2%	$301.15	—	—	21037T109
FANG	DIAMONDBACK ENERGY INC	1,700	$363K	0.2%	$159.83	—	—	25278X109
LIN	LINDE PLC	680	$336K	0.2%	$460.00	—	—	G54950103
AXON	AXON ENTERPRISE INC	760	$299K	0.2%	$526.80	—	—	05464C101
CELC	CELCUITY INC	1,500	$217K	0.1%	$107.47	—	—	15102K100
ICLR	ICON PLC	1,800	$202K	0.1%	$156.36	—	—	G4705A100
CRDO	CREDO TECHNOLOGY GROUP HOLDI	1,100	$198K	0.1%	$131.33	—	—	G25457105
JAZZ	JAZZ PHARMACEUTICALS PLC	900	$187K	0.1%	$169.07	—	—	G50871105
RPRX	ROYALTY PHARMA PLC	3,600	$181K	0.1%	$42.28	—	—	G7709Q104
CGON	CG ONCOLOGY INC	2,600	$176K	0.1%	$52.43	—	—	156944100
EW	EDWARDS LIFESCIENCES CORP	2,100	$175K	0.1%	$81.94	—	—	28176E108
ALKS	ALKERMES PLC	4,900	$167K	0.1%	$32.34	—	—	G01767105
SPOT	SPOTIFY TECHNOLOGY S A	360	$158K	0.1%	$497.31	—	—	L8681T102
DXCM	DEXCOM INC	2,500	$150K	0.1%	$70.92	—	—	252131107
PRAX	PRAXIS PRECISION MEDICINES I	400	$135K	0.1%	$311.81	—	—	74006W207
SNOW	SNOWFLAKE INC	700	$101K	0.1%	$194.49	—	—	833445109
SNPS	SYNOPSYS INC	200	$99,500	0.1%	$471.68	—	—	871607107
SHOP	SHOPIFY INC	700	$89,285	0.1%	$136.45	—	—	82509L107
BBIO	BRIDGEBIO PHARMA INC	1,243	$85,755	0.1%	$74.48	—	—	10806X102

Decreased Positions (43)

EEFT EURONET WORLDWIDE INC 0.5%

Value $732K (-72.4%) Shares 10,000 (-75.0%) Est. Cost $89.35 Unrealized —

ALAB ASTERA LABS INC 1.2%

Value $1.98M (+310.0%) Shares 966 (-59.8%) Est. Cost $157.63 Unrealized —

CX CEMEX SA EURO MTN BE 144A 4.0%

Value $6.433M (-18.7%) Shares 536,100 (-22.5%) Est. Cost $11.48 Unrealized —

FMX FOMENTO ECONOMICO MEXICANO S 3.9%

Value $6.171M (-14.9%) Shares 48,250 (-26.1%) Est. Cost $118.72 Unrealized —

LRCX LAM RESEARCH CORP 0.8%

Value $1.257M (+440.0%) Shares 867 (-3.7%) Est. Cost $225.94 Unrealized —

NVDA NVIDIA CORPORATION 0.9%

Value $1.421M (+257.9%) Shares 400 (-80.0%) Est. Cost $186.63 Unrealized —

MRVL MARVELL TECHNOLOGY INC 0.8%

Value $1.251M (+446.1%) Shares 596 (-57.4%) Est. Cost $81.07 Unrealized —

BE BLOOM ENERGY CORP 1.0%

Value $1.514M (+191.3%) Shares 605 (-66.4%) Est. Cost $144.65 Unrealized —

GOOGL ALPHABET INC 0.9%

Value $1.444M (+213.9%) Shares 715 (-40.4%) Est. Cost $323.29 Unrealized —

MSFT MICROSOFT CORP 0.8%

Value $1.328M (+249.0%) Shares 746 (-18.9%) Est. Cost $434.61 Unrealized —

AMZN AMAZON COM INC 0.9%

Value $1.359M (+212.1%) Shares 477 (-70.2%) Est. Cost $226.83 Unrealized —

FSLR FIRST SOLAR INC 0.8%

Value $1.298M (+241.1%) Shares 472 (-73.8%) Est. Cost $237.12 Unrealized —

U UNITY SOFTWARE INC 0.6%

Value $983K (+481.4%) Shares 57 (-99.1%) Est. Cost $32.68 Unrealized —

KSPI KASPI KZ JSC 4.2%

Value $6.635M (+13.9%) Shares 50,458 (-32.6%) Est. Cost $84.81 Unrealized —

W WAYFAIR INC 0.5%

Value $841K (+1079.0%) Shares 92 (-91.6%) Est. Cost $99.40 Unrealized —

CRWV COREWEAVE INC 0.5%

Value $836K (+316.6%) Shares 199 (-87.6%) Est. Cost $91.48 Unrealized —

AMX AMERICA MOVIL SAB DE CV 0.2%

Value $338K (-64.9%) Shares 13,000 (-65.6%) Est. Cost $20.69 Unrealized —

GFF GRIFFON CORP 2.1%

Value $3.414M (+17.4%) Shares 35,000 (-12.5%) Est. Cost $58.27 Unrealized —

LOMA LOMA NEGRA C I A S A MTN 14 1.0%

Value $1.524M (-23.6%) Shares 133,100 (-26.0%) Est. Cost $12.16 Unrealized —

CHH CHOICE HOTELS INTL INC 1.4%

Value $2.205M (-15.3%) Shares 20,000 (-20.5%) Est. Cost $106.22 Unrealized —

FIVN FIVE9 INC 1.3%

Value $2.132M (-14.8%) Shares 100,000 (-39.4%) Est. Cost $25.42 Unrealized —

ASR GRUPO AEROPORTUARIO DEL SURE 1.3%

Value $1.994M (-14.0%) Shares 6,500 (-5.8%) Est. Cost $323.57 Unrealized —

PANW PALO ALTO NETWORKS INC 0.3%

Value $546K (+84.8%) Shares 341 (-78.7%) Est. Cost $172.15 Unrealized —

INTC INTEL CORP 0.4%

Value $694K (+45.8%) Shares 140 (-97.2%) Est. Cost $46.43 Unrealized —

PAC GRUPO AEROPORTUNARIO DEL PAC 2.2%

Value $3.494M (-4.5%) Shares 13,800 (-6.9%) Est. Cost $216.78 Unrealized —

OMAB GRUPO AEROPORTUARIO DEL CENT 0.9%

Value $1.402M (-10.5%) Shares 12,400 (-9.2%) Est. Cost $77.49 Unrealized —

GH GUARDANT HEALTH INC 0.2%

Value $345K (+64.6%) Shares 150 (-93.5%) Est. Cost $107.45 Unrealized —

RVMD REVOLUTION MEDICINES INC 0.2%

Value $337K (+26.6%) Shares 187 (-89.6%) Est. Cost $103.02 Unrealized —

RGLD ROYAL GOLD INC 0.0%

Value $49,903 (-56.4%) Shares 250 (-44.4%) Est. Cost $198.37 Unrealized —

SMTC SEMTECH CORP 0.1%

Value $178K (+51.1%) Shares 162 (-85.3%) Est. Cost $82.45 Unrealized —

SHW SHERWIN WILLIAMS CO 0.2%

Value $317K (+10.9%) Shares 344 (-62.6%) Est. Cost $355.33 Unrealized —

TWLO TWILIO INC 0.2%

Value $309K (+8.8%) Shares 206 (-86.3%) Est. Cost $121.87 Unrealized —

CSX CSX CORP 0.3%

Value $409K (+6.3%) Shares 48 (-99.4%) Est. Cost $38.52 Unrealized —

MIRM MIRUM PHARMACEUTICALS INC 0.2%

Value $246K (+10.7%) Shares 117 (-94.4%) Est. Cost $96.57 Unrealized —

V VISA INC 0.2%

Value $384K (+5.0%) Shares 343 (-69.4%) Est. Cost $329.17 Unrealized —

AAPL APPLE INC 0.2%

Value $376K (+4.5%) Shares 289 (-77.8%) Est. Cost $262.82 Unrealized —

DNTH DIANTHUS THERAPEUTICS INC 0.1%

Value $195K (+9.1%) Shares 97 (-95.2%) Est. Cost $47.58 Unrealized —

SYK STRYKER CORPORATION 0.1%

Value $164K (+8.2%) Shares 315 (-39.4%) Est. Cost $364.67 Unrealized —

COGT COGENT BIOSCIENCES INC 0.1%

Value $182K (+5.4%) Shares 39 (-99.2%) Est. Cost $37.37 Unrealized —

CRL CHARLES RIV LABS INTL INC 0.1%

Value $181K (+5.3%) Shares 227 (-77.3%) Est. Cost $197.49 Unrealized —

WM WASTE MGMT INC DEL 0.2%

Value $334K (-2.2%) Shares 223 (-85.1%) Est. Cost $226.07 Unrealized —

GEHC GE HEALTHCARE TECHNOLOGIES I 0.1%

Value $154K (+4.9%) Shares 64 (-97.3%) Est. Cost $82.25 Unrealized —

SYRE SPYRE THERAPEUTICS INC 0.1%

Value $186K (-3.7%) Shares 89 (-96.8%) Est. Cost $34.53 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EEFT	EURONET WORLDWIDE INC	10,000 (-75.0%)	$732K (-72.4%)	0.5%	$89.35	—	COM	298736109
ALAB	ASTERA LABS INC	966 (-59.8%)	$1.98M (+310.0%)	1.2%	$157.63	—	COM	04626A103
CX	CEMEX SA EURO MTN BE 144A	536,100 (-22.5%)	$6.433M (-18.7%)	4.0%	$11.48	—	SPON ADR NEW	151290889
FMX	FOMENTO ECONOMICO MEXICANO S	48,250 (-26.1%)	$6.171M (-14.9%)	3.9%	$118.72	—	SPON ADR UNITS	344419106
LRCX	LAM RESEARCH CORP	867 (-3.7%)	$1.257M (+440.0%)	0.8%	$225.94	—	COM NEW	512807306
NVDA	NVIDIA CORPORATION	400 (-80.0%)	$1.421M (+257.9%)	0.9%	$186.63	—	COM	67066G104
MRVL	MARVELL TECHNOLOGY INC	596 (-57.4%)	$1.251M (+446.1%)	0.8%	$81.07	—	COM	573874104
BE	BLOOM ENERGY CORP	605 (-66.4%)	$1.514M (+191.3%)	1.0%	$144.65	—	COM CL A	093712107
GOOGL	ALPHABET INC	715 (-40.4%)	$1.444M (+213.9%)	0.9%	$323.29	—	CAP STK CL A	02079K305
MSFT	MICROSOFT CORP	746 (-18.9%)	$1.328M (+249.0%)	0.8%	$434.61	—	COM	594918104
AMZN	AMAZON COM INC	477 (-70.2%)	$1.359M (+212.1%)	0.9%	$226.83	—	COM	023135106
FSLR	FIRST SOLAR INC	472 (-73.8%)	$1.298M (+241.1%)	0.8%	$237.12	—	COM	336433107
U	UNITY SOFTWARE INC	57 (-99.1%)	$983K (+481.4%)	0.6%	$32.68	—	COM	91332U101
KSPI	KASPI KZ JSC	50,458 (-32.6%)	$6.635M (+13.9%)	4.2%	$84.81	—	SPONSORED ADS	48581R205
W	WAYFAIR INC	92 (-91.6%)	$841K (+1079.0%)	0.5%	$99.40	—	CL A	94419L101
CRWV	COREWEAVE INC	199 (-87.6%)	$836K (+316.6%)	0.5%	$91.48	—	COM CL A	21873S108
AMX	AMERICA MOVIL SAB DE CV	13,000 (-65.6%)	$338K (-64.9%)	0.2%	$20.69	—	SPON ADS RP CL B	02390A101
GFF	GRIFFON CORP	35,000 (-12.5%)	$3.414M (+17.4%)	2.1%	$58.27	—	COM	398433102
LOMA	LOMA NEGRA C I A S A MTN 14	133,100 (-26.0%)	$1.524M (-23.6%)	1.0%	$12.16	—	SPONSORED ADS	54150E104
CHH	CHOICE HOTELS INTL INC	20,000 (-20.5%)	$2.205M (-15.3%)	1.4%	$106.22	—	COM	169905106
FIVN	FIVE9 INC	100,000 (-39.4%)	$2.132M (-14.8%)	1.3%	$25.42	—	COM	338307101
ASR	GRUPO AEROPORTUARIO DEL SURE	6,500 (-5.8%)	$1.994M (-14.0%)	1.3%	$323.57	—	SPON ADR SER B	40051E202
PANW	PALO ALTO NETWORKS INC	341 (-78.7%)	$546K (+84.8%)	0.3%	$172.15	—	COM	697435105
INTC	INTEL CORP	140 (-97.2%)	$694K (+45.8%)	0.4%	$46.43	—	COM	458140100
PAC	GRUPO AEROPORTUNARIO DEL PAC	13,800 (-6.9%)	$3.494M (-4.5%)	2.2%	$216.78	—	SPON ADS B	400506101
OMAB	GRUPO AEROPORTUARIO DEL CENT	12,400 (-9.2%)	$1.402M (-10.5%)	0.9%	$77.49	—	SPON ADR	400501102
GH	GUARDANT HEALTH INC	150 (-93.5%)	$345K (+64.6%)	0.2%	$107.45	—	COM	40131M109
RVMD	REVOLUTION MEDICINES INC	187 (-89.6%)	$337K (+26.6%)	0.2%	$103.02	—	COM	76155X100
RGLD	ROYAL GOLD INC	250 (-44.4%)	$49,903 (-56.4%)	0.0%	$198.37	—	COM	780287108
SMTC	SEMTECH CORP	162 (-85.3%)	$178K (+51.1%)	0.1%	$82.45	—	COM	816850101
SHW	SHERWIN WILLIAMS CO	344 (-62.6%)	$317K (+10.9%)	0.2%	$355.33	—	COM	824348106
TWLO	TWILIO INC	206 (-86.3%)	$309K (+8.8%)	0.2%	$121.87	—	CL A	90138F102
CSX	CSX CORP	48 (-99.4%)	$409K (+6.3%)	0.3%	$38.52	—	COM	126408103
MIRM	MIRUM PHARMACEUTICALS INC	117 (-94.4%)	$246K (+10.7%)	0.2%	$96.57	—	COM	604749101
V	VISA INC	343 (-69.4%)	$384K (+5.0%)	0.2%	$329.17	—	COM CL A	92826C839
AAPL	APPLE INC	289 (-77.8%)	$376K (+4.5%)	0.2%	$262.82	—	COM	037833100
DNTH	DIANTHUS THERAPEUTICS INC	97 (-95.2%)	$195K (+9.1%)	0.1%	$47.58	—	COM	252828108
SYK	STRYKER CORPORATION	315 (-39.4%)	$164K (+8.2%)	0.1%	$364.67	—	COM	863667101
COGT	COGENT BIOSCIENCES INC	39 (-99.2%)	$182K (+5.4%)	0.1%	$37.37	—	COM	19240Q201
CRL	CHARLES RIV LABS INTL INC	227 (-77.3%)	$181K (+5.3%)	0.1%	$197.49	—	COM	159864107
WM	WASTE MGMT INC DEL	223 (-85.1%)	$334K (-2.2%)	0.2%	$226.07	—	COM	94106L109
GEHC	GE HEALTHCARE TECHNOLOGIES I	64 (-97.3%)	$154K (+4.9%)	0.1%	$82.25	—	COMMON STOCK	36266G107
SYRE	SPYRE THERAPEUTICS INC	89 (-96.8%)	$186K (-3.7%)	0.1%	$34.53	—	COM NEW	00773J202

Unchanged Positions (5)

FLYW FLYWIRE CORPORATION 3.9%

Value $6.149M Shares 350,000 Est. Cost $12.26 Unrealized —

PRKS UNITED PARKS & RESORTS INC 1.5%

Value $2.387M Shares 50,000 Est. Cost $51.12 Unrealized —

PAR PAR TECHNOLOGY CORP 1.6%

Value $2.613M Shares 150,000 Est. Cost $40.42 Unrealized —

RNTX REIN THERAPEUTICS INC 0.1%

Value $130K Shares 125,000 Est. Cost $1.38 Unrealized —

CSR CENTERSPACE 0.9%

Value $1.405M Shares 25,000 Est. Cost $61.46 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FLYW	FLYWIRE CORPORATION	350,000	$6.149M	3.9%	$12.26	—	COM VTG	302492103
PRKS	UNITED PARKS & RESORTS INC	50,000	$2.387M	1.5%	$51.12	—	COM	81282V100
PAR	PAR TECHNOLOGY CORP	150,000	$2.613M	1.6%	$40.42	—	COM	698884103
RNTX	REIN THERAPEUTICS INC	125,000	$130K	0.1%	$1.38	—	COM NEW	00887A204
CSR	CENTERSPACE	25,000	$1.405M	0.9%	$61.46	—	COM	15202L107