Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BIIB	BIOGEN	50,000 (+42.9%)	$10.84M (+69.5%)	1.4%	$199.15	—	—	09062X103
IQV	IQVIA	89,000 (+17.1%)	$17.11M (+32.6%)	2.2%	$182.52	—	—	46266C105
ELV	ELEVANCE HEALTH	30,000 (+15.4%)	$11.52M (+52.5%)	1.5%	$259.84	—	—	036752103
EAT	BRINKER INTERNATIONAL	144,000 (+1.4%)	$24.12M (+18.6%)	3.1%	$49.38	—	—	109641100
ADBE	ADOBE SYSTEMS	61,000 (+60.5%)	$12.59M (+35.4%)	1.6%	$258.42	—	—	00724F101
AAPL	APPLE	46,000 (+12.2%)	$13.36M (+29.0%)	1.7%	$133.83	—	—	037833100
TMO	THERMO FISHER SCIENTIFIC	32,000 (+18.5%)	$16.03M (+22.4%)	2.1%	$495.95	—	—	883556102
GPN	GLOBAL PAYMENTS	205,000 (+15.2%)	$14.89M (+24.1%)	1.9%	$92.25	—	—	37940X102
TPR	TAPESTRY	151,000 (+9.4%)	$22.16M (+14.1%)	2.8%	$42.08	—	—	876030107
ODFL	OLD DOMINION FREIGHT LINE	42,000 (+23.5%)	$9.133M (+38.7%)	1.2%	$184.63	—	—	679580100
NVDA	NVIDIA	94,000 (+1.1%)	$18.78M (+15.6%)	2.4%	$98.55	—	—	67066G104
ALGN	ALIGN TECHNOLOGY	56,000 (+21.7%)	$9.449M (+19.1%)	1.2%	$278.62	—	—	016255101
MSI	MOTOROLA SOLUTIONS	58,000 (+11.5%)	$23.89M (+5.9%)	3.1%	$163.55	—	—	620076307
BKNG	BOOKING HOLDINGS	92,000 (+2200.0%)	$16.48M (+6.7%)	2.1%	$288.90	—	—	09857L108
ITGR	INTEGER HOLDINGS	161,000 (+1.3%)	$15.02M (+7.0%)	1.9%	$87.45	—	—	45826H109
NKE	NIKE CL B	179,000 (+33.6%)	$7.329M (+3.8%)	0.9%	$63.44	—	—	654106103
EA	ELECTRONIC ARTS INC	36,000 (+2.9%)	$7.281M (+1.4%)	0.9%	$109.09	—	—	285512109
J	JACOBS SOLUTIONS	82,000 (+1.2%)	$10.31M (-0.2%)	1.3%	$106.14	—	—	46982L108

Exited Positions (1)

INMD INMODE 1.2%

Value $9.245M Shares 676,000 Est. Cost $28.56 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INMD	INMODE	676,000	$9.245M	1.2%	$28.56	—	—	M5425M103

Decreased Positions (8)

AMAT APPLIED MATERIALS 8.4%

Value $65.75M (+72.8%) Shares 91,000 (-18.0%) Est. Cost $52.43 Unrealized —

JBL JABIL 7.4%

Value $57.88M (+23.1%) Shares 150,000 (-15.3%) Est. Cost $32.62 Unrealized —

COHR COHERENT 4.9%

Value $37.93M (+40.0%) Shares 96,000 (-15.8%) Est. Cost $46.07 Unrealized —

TXN TEXAS INSTRUMENTS 2.7%

Value $21.27M (+47.2%) Shares 71,000 (-4.1%) Est. Cost $112.72 Unrealized —

CIEN CIENA 7.1%

Value $55.47M (-9.1%) Shares 113,000 (-28.0%) Est. Cost $33.27 Unrealized —

URI UNITED RENTALS 1.8%

Value $14.26M (+43.1%) Shares 13,000 (-7.1%) Est. Cost $548.19 Unrealized —

FDX FEDEX CORP 0.6%

Value $4.669M (-30.1%) Shares 15,000 (-21.1%) Est. Cost $203.84 Unrealized —

QCOM QUALCOMM 0.8%

Value $5.979M (+3.0%) Shares 32,000 (-28.9%) Est. Cost $131.14 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AMAT	APPLIED MATERIALS	91,000 (-18.0%)	$65.75M (+72.8%)	8.4%	$52.43	—	—	038222105
JBL	JABIL	150,000 (-15.3%)	$57.88M (+23.1%)	7.4%	$32.62	—	—	466313103
COHR	COHERENT	96,000 (-15.8%)	$37.93M (+40.0%)	4.9%	$46.07	—	—	19247G107
TXN	TEXAS INSTRUMENTS	71,000 (-4.1%)	$21.27M (+47.2%)	2.7%	$112.72	—	—	882508104
CIEN	CIENA	113,000 (-28.0%)	$55.47M (-9.1%)	7.1%	$33.27	—	—	171779309
URI	UNITED RENTALS	13,000 (-7.1%)	$14.26M (+43.1%)	1.8%	$548.19	—	—	911363109
FDX	FEDEX CORP	15,000 (-21.1%)	$4.669M (-30.1%)	0.6%	$203.84	—	—	31428X106
QCOM	QUALCOMM	32,000 (-28.9%)	$5.979M (+3.0%)	0.8%	$131.14	—	—	747525103

Unchanged Positions (20)

LITE LUMENTUM 5.8%

Value $45.31M Shares 53,000 Est. Cost $83.61 Unrealized —

WST WEST PHARMACEUTICAL SERVICES 2.9%

Value $22.43M Shares 62,000 Est. Cost $271.43 Unrealized —

WTS WATTS WATER 2.4%

Value $18.37M Shares 47,000 Est. Cost $150.89 Unrealized —

CROX CROCS 1.9%

Value $14.92M Shares 124,000 Est. Cost $76.32 Unrealized —

JCI JOHNSON CONTROLS 2.8%

Value $22.23M Shares 152,000 Est. Cost $31.16 Unrealized —

HPQ HP 2.3%

Value $18.32M Shares 835,000 Est. Cost $17.68 Unrealized —

FBIN FORTUNE BRANDS 0.9%

Value $6.767M Shares 123,000 Est. Cost $45.29 Unrealized —

ULTA ULTA BEAUTY 1.2%

Value $9.55M Shares 21,000 Est. Cost $432.92 Unrealized —

ARHS ARHAUS 0.9%

Value $6.869M Shares 816,000 Est. Cost $9.75 Unrealized —

SGI SOMNIGROUP INTERNATIONAL 2.0%

Value $15.99M Shares 204,000 Est. Cost $30.08 Unrealized —

AMTM AMENTUM HOLDINGS 0.5%

Value $3.574M Shares 173,000 Est. Cost $30.34 Unrealized —

MBC MASTERBRAND 0.6%

Value $4.459M Shares 433,000 Est. Cost $10.70 Unrealized —

FSLR FIRST SOLAR INC 0.5%

Value $3.643M Shares 15,000 Est. Cost $211.68 Unrealized —

AZO AUTOZONE 1.4%

Value $10.64M Shares 3,000 Est. Cost $3746.66 Unrealized —

NVR NVR 1.4%

Value $10.89M Shares 2,000 Est. Cost $6818.91 Unrealized —

WBD WARNER BROS DISCOVERY INC 1.8%

Value $13.79M Shares 517,000 Est. Cost $16.04 Unrealized —

MSFT MICROSOFT 0.9%

Value $7.268M Shares 19,000 Est. Cost $75.26 Unrealized —

ANF ABERCROMBIE & FITCH 1.4%

Value $11.1M Shares 123,000 Est. Cost $56.54 Unrealized —

ZYME ZYMEWORKS INC 0.2%

Value $1.201M Shares 46,000 Est. Cost $8.00 Unrealized —

LULU LULULEMON ATHLETICA 0.0%

Value $154K Shares 1,000 Est. Cost $265.38 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LITE	LUMENTUM	53,000	$45.31M	5.8%	$83.61	—	—	55024U109
WST	WEST PHARMACEUTICAL SERVICES	62,000	$22.43M	2.9%	$271.43	—	—	955306105
WTS	WATTS WATER	47,000	$18.37M	2.4%	$150.89	—	—	942749102
CROX	CROCS	124,000	$14.92M	1.9%	$76.32	—	—	227046109
JCI	JOHNSON CONTROLS	152,000	$22.23M	2.8%	$31.16	—	—	G51502105
HPQ	HP	835,000	$18.32M	2.3%	$17.68	—	—	40434L105
FBIN	FORTUNE BRANDS	123,000	$6.767M	0.9%	$45.29	—	—	34964C106
ULTA	ULTA BEAUTY	21,000	$9.55M	1.2%	$432.92	—	—	90384S303
ARHS	ARHAUS	816,000	$6.869M	0.9%	$9.75	—	—	04035M102
SGI	SOMNIGROUP INTERNATIONAL	204,000	$15.99M	2.0%	$30.08	—	—	88023U101
AMTM	AMENTUM HOLDINGS	173,000	$3.574M	0.5%	$30.34	—	—	023939101
MBC	MASTERBRAND	433,000	$4.459M	0.6%	$10.70	—	—	57638P104
FSLR	FIRST SOLAR INC	15,000	$3.643M	0.5%	$211.68	—	—	336433107
AZO	AUTOZONE	3,000	$10.64M	1.4%	$3746.66	—	—	053332102
NVR	NVR	2,000	$10.89M	1.4%	$6818.91	—	—	62944T105
WBD	WARNER BROS DISCOVERY INC	517,000	$13.79M	1.8%	$16.04	—	—	934423104
MSFT	MICROSOFT	19,000	$7.268M	0.9%	$75.26	—	—	594918104
ANF	ABERCROMBIE & FITCH	123,000	$11.1M	1.4%	$56.54	—	—	002896207
ZYME	ZYMEWORKS INC	46,000	$1.201M	0.2%	$8.00	—	—	98985Y108
LULU	LULULEMON ATHLETICA	1,000	$154K	0.0%	$265.38	—	—	550021109