Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	35,000	$41.98M	2.4%	$1199.43	—	—	532457108
V	VISA INC	120,000	$41.17M	2.3%	$343.09	—	—	92826C839
QCOM	QUALCOMM INC	210,000	$38.81M	2.2%	$184.79	—	—	747525103
MU	MICRON TECHNOLOGY INC	30,000	$34.63M	2.0%	$1154.30	—	—	595112103
EQIX	EQUINIX INC	15,000	$15.64M	0.9%	$1042.40	—	—	29444U700
ABBV	ABBVIE INC	60,000	$15.1M	0.9%	$251.63	—	—	00287Y109
—	Brookfield Asset Management Inc.	320,000	$14.35M	0.8%	$44.85	—	—	112585104
ROST	ROSS STORES INC	60,000	$12.77M	0.7%	$212.85	—	—	778296103
VZ	VERIZON COMMUNICATIONS INC	300,000	$12.7M	0.7%	$42.34	—	—	92343V104
BNTX	BIONTECH SE	125,000	$11.63M	0.7%	$93.05	—	—	09075V102
CHDN	CHURCHILL DOWNS INC	100,000	$8.964M	0.5%	$89.64	—	—	171484108
FTI	TECHNIPFMC PLC	120,000	$7.956M	0.5%	$66.30	—	—	G87110105
HON	HONEYWELL INTL INC	25,000	$5.598M	0.3%	$223.92	—	—	438516205
IDYA	IDEAYA BIOSCIENCES INC	150,000	$5.591M	0.3%	$37.27	—	—	45166A102
HONA	HONEYWELL AEROSPACE INC	25,000	$5.527M	0.3%	$221.08	—	—	43849R105
ARES	ARES MANAGEMENT CORPORATION	47,000	$5.232M	0.3%	$111.32	—	—	03990B101

Increased Positions (20)

BAC BANK OF AMER CORP 2.6%

Value $45.58M (+87.0%) Shares 800,000 (+60.0%) Est. Cost $54.91 Unrealized —

AAPL APPLE INC 2.0%

Value $34.72M (+128.0%) Shares 120,000 (+100.0%) Est. Cost $256.06 Unrealized —

SNOW SNOWFLAKE INC 1.5%

Value $25.45M (+110.9%) Shares 100,000 (+25.0%) Est. Cost $209.31 Unrealized —

BIRK BIRKENSTOCK HOLDING PLC 1.5%

Value $25.82M (+105.9%) Shares 600,000 (+71.4%) Est. Cost $41.23 Unrealized —

META META PLATFORMS INC 3.2%

Value $56.33M (+28.7%) Shares 100,000 (+30.7%) Est. Cost $650.49 Unrealized —

KLAC KLA CORP 1.2%

Value $21.72M (+104.9%) Shares 72,000 (+900.0%) Est. Cost $368.02 Unrealized —

GS GOLDMAN SACHS GROUP INC 1.3%

Value $23.26M (+77.4%) Shares 23,000 (+48.4%) Est. Cost $774.00 Unrealized —

PEP PEPSICO INC 1.5%

Value $27.08M (+45.3%) Shares 200,000 (+66.7%) Est. Cost $147.01 Unrealized —

CSCO CISCO SYS INC 1.1%

Value $19.97M (+66.0%) Shares 170,000 (+9.7%) Est. Cost $55.94 Unrealized —

TER TERADYNE INC 0.8%

Value $14.52M (+112.9%) Shares 30,000 (+30.4%) Est. Cost $196.53 Unrealized —

JPM JPMORGAN CHASE & CO 0.9%

Value $16.37M (+59.0%) Shares 50,000 (+42.9%) Est. Cost $316.20 Unrealized —

CPRI CAPRI HOLDINGS LIMITED 0.5%

Value $9.285M (+163.5%) Shares 500,000 (+150.0%) Est. Cost $20.28 Unrealized —

MELI MERCADOLIBRE INC 1.1%

Value $18.67M (+20.0%) Shares 11,000 (+22.2%) Est. Cost $2243.03 Unrealized —

AXP AMERICAN EXPRESS CO 0.8%

Value $14.21M (+28.0%) Shares 42,000 (+14.4%) Est. Cost $216.85 Unrealized —

BX BLACKSTONE INC 0.6%

Value $10.59M (+34.4%) Shares 90,000 (+31.4%) Est. Cost $112.00 Unrealized —

PG PROCTER & GAMBLE CO 0.8%

Value $13.2M (+25.2%) Shares 90,000 (+23.3%) Est. Cost $150.80 Unrealized —

DIS DISNEY WALT CO 1.2%

Value $21.18M (+9.6%) Shares 220,000 (+9.8%) Est. Cost $111.40 Unrealized —

LEU CENTRUS ENERGY CORP 0.5%

Value $8.394M (+20.9%) Shares 50,000 (+25.0%) Est. Cost $247.56 Unrealized —

HAL HALLIBURTON CO 1.0%

Value $16.98M (+8.8%) Shares 500,000 (+25.0%) Est. Cost $33.62 Unrealized —

OLLI OLLIES BARGAIN OUTLET HLDGS 1.2%

Value $20.76M (+5.9%) Shares 270,000 (+26.8%) Est. Cost $88.68 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK OF AMER CORP	800,000 (+60.0%)	$45.58M (+87.0%)	2.6%	$54.91	—	—	060505104
AAPL	APPLE INC	120,000 (+100.0%)	$34.72M (+128.0%)	2.0%	$256.06	—	—	037833100
SNOW	SNOWFLAKE INC	100,000 (+25.0%)	$25.45M (+110.9%)	1.5%	$209.31	—	—	833445109
BIRK	BIRKENSTOCK HOLDING PLC	600,000 (+71.4%)	$25.82M (+105.9%)	1.5%	$41.23	—	—	M2029K104
META	META PLATFORMS INC	100,000 (+30.7%)	$56.33M (+28.7%)	3.2%	$650.49	—	—	30303M102
KLAC	KLA CORP	72,000 (+900.0%)	$21.72M (+104.9%)	1.2%	$368.02	—	—	482480100
GS	GOLDMAN SACHS GROUP INC	23,000 (+48.4%)	$23.26M (+77.4%)	1.3%	$774.00	—	—	38141G104
PEP	PEPSICO INC	200,000 (+66.7%)	$27.08M (+45.3%)	1.5%	$147.01	—	—	713448108
CSCO	CISCO SYS INC	170,000 (+9.7%)	$19.97M (+66.0%)	1.1%	$55.94	—	—	17275R102
TER	TERADYNE INC	30,000 (+30.4%)	$14.52M (+112.9%)	0.8%	$196.53	—	—	880770102
JPM	JPMORGAN CHASE & CO	50,000 (+42.9%)	$16.37M (+59.0%)	0.9%	$316.20	—	—	46625H100
CPRI	CAPRI HOLDINGS LIMITED	500,000 (+150.0%)	$9.285M (+163.5%)	0.5%	$20.28	—	—	G1890L107
MELI	MERCADOLIBRE INC	11,000 (+22.2%)	$18.67M (+20.0%)	1.1%	$2243.03	—	—	58733R102
AXP	AMERICAN EXPRESS CO	42,000 (+14.4%)	$14.21M (+28.0%)	0.8%	$216.85	—	—	025816109
BX	BLACKSTONE INC	90,000 (+31.4%)	$10.59M (+34.4%)	0.6%	$112.00	—	—	09260D107
PG	PROCTER & GAMBLE CO	90,000 (+23.3%)	$13.2M (+25.2%)	0.8%	$150.80	—	—	742718109
DIS	DISNEY WALT CO	220,000 (+9.8%)	$21.18M (+9.6%)	1.2%	$111.40	—	—	254687106
LEU	CENTRUS ENERGY CORP	50,000 (+25.0%)	$8.394M (+20.9%)	0.5%	$247.56	—	—	15643U104
HAL	HALLIBURTON CO	500,000 (+25.0%)	$16.98M (+8.8%)	1.0%	$33.62	—	—	406216101
OLLI	OLLIES BARGAIN OUTLET HLDGS	270,000 (+26.8%)	$20.76M (+5.9%)	1.2%	$88.68	—	—	681116109

Exited Positions (7)

BIDU Baidu Inc 2.2%

Value $39.22M Shares 352,000 Est. Cost $131.68 Unrealized —

DHI D.R. Horton, Inc. 2.0%

Value $35.68M Shares 260,000 Est. Cost $156.63 Unrealized —

PFE Pfizer Inc. 1.2%

Value $21.06M Shares 750,000 Est. Cost $26.18 Unrealized —

SHOP Shopify Inc 0.9%

Value $16.37M Shares 138,000 Est. Cost $135.57 Unrealized —

HON Honeywell International Inc. 0.6%

Value $11.3M Shares 50,000 Est. Cost $225.93 Unrealized —

MSI Motorola Solutions Inc. 0.5%

Value $8.679M Shares 20,000 Est. Cost $415.89 Unrealized —

GE General Electric Co. 0.2%

Value $4.257M Shares 15,000 Est. Cost $300.80 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BIDU	Baidu Inc	352,000	$39.22M	2.2%	$131.68	—	—	056752108
DHI	D.R. Horton, Inc.	260,000	$35.68M	2.0%	$156.63	—	—	23331A109
PFE	Pfizer Inc.	750,000	$21.06M	1.2%	$26.18	—	—	717081103
SHOP	Shopify Inc	138,000	$16.37M	0.9%	$135.57	—	—	82509L107
HON	Honeywell International Inc.	50,000	$11.3M	0.6%	$225.93	—	—	438516106
MSI	Motorola Solutions Inc.	20,000	$8.679M	0.5%	$415.89	—	—	620076307
GE	General Electric Co.	15,000	$4.257M	0.2%	$300.80	—	—	369604301

Decreased Positions (19)

INTC INTEL CORP 2.7%

Value $47.47M (+76.4%) Shares 340,000 (-44.3%) Est. Cost $42.87 Unrealized —

AVGO BROADCOM INC 1.0%

Value $17M (-48.9%) Shares 45,000 (-58.1%) Est. Cost $183.34 Unrealized —

RACE FERRARI N V 3.8%

Value $67.01M (-14.0%) Shares 180,000 (-21.8%) Est. Cost $374.76 Unrealized —

LMT LOCKHEED MARTIN CORP 0.9%

Value $15.28M (-41.5%) Shares 30,000 (-30.6%) Est. Cost $444.96 Unrealized —

UBER UBER TECHNOLOGIES INC 1.2%

Value $21.65M (-33.1%) Shares 300,000 (-33.3%) Est. Cost $74.25 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.9%

Value $15.04M (-40.0%) Shares 30,000 (-41.2%) Est. Cost $562.24 Unrealized —

BA BOEING CO 1.2%

Value $20.57M (-31.1%) Shares 95,000 (-36.7%) Est. Cost $214.41 Unrealized —

AMAT APPLIED MATLS INC 2.5%

Value $43.38M (+26.9%) Shares 60,000 (-40.0%) Est. Cost $239.49 Unrealized —

AMZN AMAZON COM INC 2.7%

Value $47.67M (-16.1%) Shares 200,000 (-26.7%) Est. Cost $196.92 Unrealized —

NVDA NVIDIA CORPORATION 2.3%

Value $40.02M (-18.4%) Shares 200,000 (-28.9%) Est. Cost $160.40 Unrealized —

AMD ADVANCED MICRO DEVICES INC 2.5%

Value $43.57M (+23.1%) Shares 75,000 (-56.9%) Est. Cost $164.63 Unrealized —

MSFT MICROSOFT CORP 2.1%

Value $37.3M (-16.0%) Shares 100,000 (-16.7%) Est. Cost $340.59 Unrealized —

CAT CATERPILLAR INC 2.4%

Value $42.6M (-14.1%) Shares 40,000 (-42.9%) Est. Cost $461.61 Unrealized —

TSLA TESLA INC 1.6%

Value $27.34M (-13.5%) Shares 65,000 (-23.5%) Est. Cost $443.29 Unrealized —

JOBY JOBY AVIATION INC 1.5%

Value $26.76M (-11.6%) Shares 3,000,000 (-18.1%) Est. Cost $9.82 Unrealized —

ARM ARM HOLDINGS PLC 1.8%

Value $31.91M (+11.3%) Shares 90,000 (-52.5%) Est. Cost $150.80 Unrealized —

CNH CNH INDL N V 0.8%

Value $14.6M (-18.1%) Shares 1,300,000 (-19.8%) Est. Cost $12.30 Unrealized —

XYL XYLEM INC 0.7%

Value $11.82M (-18.2%) Shares 100,000 (-17.3%) Est. Cost $112.29 Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 1.4%

Value $24.13M (-8.8%) Shares 25,000 (-63.0%) Est. Cost $258.92 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INTC	INTEL CORP	340,000 (-44.3%)	$47.47M (+76.4%)	2.7%	$42.87	—	—	458140100
AVGO	BROADCOM INC	45,000 (-58.1%)	$17M (-48.9%)	1.0%	$183.34	—	—	11135F101
RACE	FERRARI N V	180,000 (-21.8%)	$67.01M (-14.0%)	3.8%	$374.76	—	—	N3167Y103
LMT	LOCKHEED MARTIN CORP	30,000 (-30.6%)	$15.28M (-41.5%)	0.9%	$444.96	—	—	539830109
UBER	UBER TECHNOLOGIES INC	300,000 (-33.3%)	$21.65M (-33.1%)	1.2%	$74.25	—	—	90353T100
TMO	THERMO FISHER SCIENTIFIC INC	30,000 (-41.2%)	$15.04M (-40.0%)	0.9%	$562.24	—	—	883556102
BA	BOEING CO	95,000 (-36.7%)	$20.57M (-31.1%)	1.2%	$214.41	—	—	097023105
AMAT	APPLIED MATLS INC	60,000 (-40.0%)	$43.38M (+26.9%)	2.5%	$239.49	—	—	038222105
AMZN	AMAZON COM INC	200,000 (-26.7%)	$47.67M (-16.1%)	2.7%	$196.92	—	—	023135106
NVDA	NVIDIA CORPORATION	200,000 (-28.9%)	$40.02M (-18.4%)	2.3%	$160.40	—	—	67066G104
AMD	ADVANCED MICRO DEVICES INC	75,000 (-56.9%)	$43.57M (+23.1%)	2.5%	$164.63	—	—	007903107
MSFT	MICROSOFT CORP	100,000 (-16.7%)	$37.3M (-16.0%)	2.1%	$340.59	—	—	594918104
CAT	CATERPILLAR INC	40,000 (-42.9%)	$42.6M (-14.1%)	2.4%	$461.61	—	—	149123101
TSLA	TESLA INC	65,000 (-23.5%)	$27.34M (-13.5%)	1.6%	$443.29	—	—	88160R101
JOBY	JOBY AVIATION INC	3,000,000 (-18.1%)	$26.76M (-11.6%)	1.5%	$9.82	—	—	G65163100
ARM	ARM HOLDINGS PLC	90,000 (-52.5%)	$31.91M (+11.3%)	1.8%	$150.80	—	—	042068205
CNH	CNH INDL N V	1,300,000 (-19.8%)	$14.6M (-18.1%)	0.8%	$12.30	—	—	N20944109
XYL	XYLEM INC	100,000 (-17.3%)	$11.82M (-18.2%)	0.7%	$112.29	—	—	98419M100
STX	SEAGATE TECHNOLOGY HLDNGS PL	25,000 (-63.0%)	$24.13M (-8.8%)	1.4%	$258.92	—	—	G7997R103

Unchanged Positions (27)

WDC WESTERN DIGITAL CORP 1.7%

Value $30.66M Shares 48,000 Est. Cost $50.87 Unrealized —

— Lam Research Corp. 1.2%

Value $20.58M Shares 47,500 Est. Cost $171.18 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 1.1%

Value $19.08M Shares 25,000 Est. Cost $437.81 Unrealized —

NFLX NETFLIX INC. 1.5%

Value $26.77M Shares 375,000 Est. Cost $88.22 Unrealized —

ASML ASML HLDG NV 1.3%

Value $23.08M Shares 11,600 Est. Cost $1232.11 Unrealized —

GOOG ALPHABET INC 2.0%

Value $35.33M Shares 100,000 Est. Cost $226.91 Unrealized —

BJ BJS WHSL CLUB HLDGS INC 2.7%

Value $47.97M Shares 550,000 Est. Cost $95.71 Unrealized —

EQT EQT CORP 1.7%

Value $29.24M Shares 550,000 Est. Cost $55.27 Unrealized —

HOOD ROBINHOOD MKTS INC 1.0%

Value $17.55M Shares 175,000 Est. Cost $130.05 Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.7%

Value $12.96M Shares 135,000 Est. Cost $134.85 Unrealized —

NET CLOUDFLARE INC 1.4%

Value $24.53M Shares 100,000 Est. Cost $182.40 Unrealized —

MDB MONGODB INC 0.8%

Value $13.44M Shares 40,000 Est. Cost $376.18 Unrealized —

HSY HERSHEY CO 0.6%

Value $10.88M Shares 62,000 Est. Cost $182.68 Unrealized —

BKR BAKER HUGHES COMPANY 1.1%

Value $18.87M Shares 340,000 Est. Cost $45.61 Unrealized —

TDG TRANSDIGM GROUP INC 0.6%

Value $11.32M Shares 8,500 Est. Cost $1196.15 Unrealized —

MP MP MATERIALS CORP 0.6%

Value $10.36M Shares 185,000 Est. Cost $25.52 Unrealized —

XP XP INC 0.5%

Value $8.13M Shares 500,000 Est. Cost $17.80 Unrealized —

AVAV AEROVIRONMENT INC 0.6%

Value $11.06M Shares 67,000 Est. Cost $266.66 Unrealized —

SOLS SOLSTICE ADVANCED MATLS INC 0.4%

Value $7.753M Shares 87,500 Est. Cost $65.21 Unrealized —

INSP INSPIRE MED SYS INC 0.3%

Value $5.237M Shares 117,400 Est. Cost $164.16 Unrealized —

SNPS SYNOPSYS INC 0.3%

Value $5.353M Shares 12,000 Est. Cost $534.04 Unrealized —

YPF YPF SOCIEDAD ANONIMA 1.3%

Value $22.73M Shares 500,000 Est. Cost $46.22 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.3%

Value $5.145M Shares 5,500 Est. Cost $963.77 Unrealized —

ACHR ARCHER AVIATION INC 0.2%

Value $3.311M Shares 700,000 Est. Cost $7.78 Unrealized —

MDGL MADRIGAL PHARMACEUTICALS INC 0.4%

Value $7.096M Shares 13,215 Est. Cost $235.62 Unrealized —

DG DOLLAR GEN CORP 0.2%

Value $4.029M Shares 35,000 Est. Cost $147.69 Unrealized —

DHR DANAHER CORP DEL 0.3%

Value $5.238M Shares 27,500 Est. Cost $250.27 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WDC	WESTERN DIGITAL CORP	48,000	$30.66M	1.7%	$50.87	—	—	958102105
—	Lam Research Corp.	47,500	$20.58M	1.2%	$171.18	—	—	512807108
CRWD	CROWDSTRIKE HLDGS INC	25,000	$19.08M	1.1%	$437.81	—	—	22788C105
NFLX	NETFLIX INC.	375,000	$26.77M	1.5%	$88.22	—	—	64110L106
ASML	ASML HLDG NV	11,600	$23.08M	1.3%	$1232.11	—	—	N07059210
GOOG	ALPHABET INC	100,000	$35.33M	2.0%	$226.91	—	—	02079K107
BJ	BJS WHSL CLUB HLDGS INC	550,000	$47.97M	2.7%	$95.71	—	—	05550J101
EQT	EQT CORP	550,000	$29.24M	1.7%	$55.27	—	—	26884L109
HOOD	ROBINHOOD MKTS INC	175,000	$17.55M	1.0%	$130.05	—	—	770700102
BABA	ALIBABA GROUP HLDG LTD	135,000	$12.96M	0.7%	$134.85	—	—	01609W102
NET	CLOUDFLARE INC	100,000	$24.53M	1.4%	$182.40	—	—	18915M107
MDB	MONGODB INC	40,000	$13.44M	0.8%	$376.18	—	—	60937P106
HSY	HERSHEY CO	62,000	$10.88M	0.6%	$182.68	—	—	427866108
BKR	BAKER HUGHES COMPANY	340,000	$18.87M	1.1%	$45.61	—	—	05722G100
TDG	TRANSDIGM GROUP INC	8,500	$11.32M	0.6%	$1196.15	—	—	893641100
MP	MP MATERIALS CORP	185,000	$10.36M	0.6%	$25.52	—	—	553368101
XP	XP INC	500,000	$8.13M	0.5%	$17.80	—	—	G98239109
AVAV	AEROVIRONMENT INC	67,000	$11.06M	0.6%	$266.66	—	—	008073108
SOLS	SOLSTICE ADVANCED MATLS INC	87,500	$7.753M	0.4%	$65.21	—	—	83443Q103
INSP	INSPIRE MED SYS INC	117,400	$5.237M	0.3%	$164.16	—	—	457730109
SNPS	SYNOPSYS INC	12,000	$5.353M	0.3%	$534.04	—	—	871607107
YPF	YPF SOCIEDAD ANONIMA	500,000	$22.73M	1.3%	$46.22	—	—	984245100
COST	COSTCO WHOLESALE CORPORATION	5,500	$5.145M	0.3%	$963.77	—	—	22160K105
ACHR	ARCHER AVIATION INC	700,000	$3.311M	0.2%	$7.78	—	—	03945R102
MDGL	MADRIGAL PHARMACEUTICALS INC	13,215	$7.096M	0.4%	$235.62	—	—	558868105
DG	DOLLAR GEN CORP	35,000	$4.029M	0.2%	$147.69	—	—	256677105
DHR	DANAHER CORP DEL	27,500	$5.238M	0.3%	$250.27	—	—	235851102