Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VOO	VANGUARD INDEX FDS	135,260 (+268.2%)	$95.01M (+279.8%)	47.5%	$702.46	$678.61	+3.3%	S&P 500 ETF SHS	922908363
TLT	ISHARES TR	217,300 (+56.6%)	$17M (+40.1%)	8.5%	$78.23	$85.70	-9.2%	20 YR TR BD ETF	464287432
ALK	ALASKA AIR GROUP INC	580,865 (+10.9%)	$23.19M (-14.7%)	11.6%	$39.93 *	$46.21	-16.2%	COM	011659109
HYG	ISHARES TR	189,460 (+13.9%)	$14.66M (+10.1%)	7.3%	$77.36	$80.07	-3.6%	IBOXX HI YD ETF	464288513
EMB	ISHARES TR	137,160 (+7.7%)	$12.52M (+1.6%)	6.3%	$91.28	$95.80	-5.2%	JPMORGAN USD EMG	464288281
GOVT	ISHARES TR	278,610 (+3.5%)	$6.099M (-0.9%)	3.0%	$21.89	$22.87	-4.4%	US TREAS BD ETF	46429B267

Exited Positions (21)

MSFT MICROSOFT CORP 5.6%

Value $11.13M Shares 30,200 Share Price $368.57 * Est. Cost/Share $416.60 Unrealized @ Report Date +23.1%

AMZN AMAZON COM INC 5.2%

Value $10.33M Shares 43,000 Share Price $240.14 * Est. Cost/Share $221.25 Unrealized @ Report Date +12.6%

META META PLATFORMS INC 5.1%

Value $10.3M Shares 18,300 Share Price $562.60 * Est. Cost/Share $638.57 Unrealized @ Report Date +13.6%

NVDA NVIDIA CORPORATION 4.7%

Value $9.398M Shares 48,200 Share Price $194.97 * Est. Cost/Share $205.61 Unrealized @ Report Date +11.1%

GOOGL ALPHABET INC 4.4%

Value $8.806M Shares 24,900 Share Price $353.65 * Est. Cost/Share $359.96 Unrealized @ Report Date -4.4%

KWEB KRANESHARES TRUST 3.8%

Value $7.533M Shares 310,000 Share Price $24.30 Est. Cost/Share $27.69 Unrealized @ Report Date -11.5%

AVGO BROADCOM INC 3.5%

Value $6.928M Shares 18,600 Share Price $372.45 * Est. Cost/Share $340.65 Unrealized @ Report Date +3.1%

KKR KKR & CO INC 3.1%

Value $6.137M Shares 69,000 Share Price $88.94 * Est. Cost/Share $103.78 Unrealized @ Report Date -12.0%

NOW SERVICENOW INC 2.8%

Value $5.548M Shares 55,500 Share Price $99.97 * Est. Cost/Share $99.01 Unrealized @ Report Date +35.4%

NU NU HLDGS LTD 2.7%

Value $5.383M Shares 410,000 Share Price $13.13 * Est. Cost/Share $13.48 Unrealized @ Report Date -6.1%

NFLX NETFLIX INC. 2.7%

Value $5.312M Shares 72,000 Share Price $73.78 * Est. Cost/Share $88.07 Unrealized @ Report Date -21.0%

MU MICRON TECHNOLOGY INC 2.4%

Value $4.81M Shares 4,200 Share Price $1145.28 * Est. Cost/Share $749.89 Unrealized @ Report Date +42.0%

UBER UBER TECHNOLOGIES INC 2.2%

Value $4.379M Shares 58,000 Share Price $75.50 * Est. Cost/Share $76.96 Unrealized @ Report Date -11.0%

CEG CONSTELLATION ENERGY CORP 1.8%

Value $3.63M Shares 14,000 Share Price $259.32 * Est. Cost/Share $281.62 Unrealized @ Report Date -9.8%

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.8%

Value $3.55M Shares 7,800 Share Price $455.10 Est. Cost/Share $405.79 Unrealized @ Report Date +12.4%

BX BLACKSTONE INC 1.6%

Value $3.205M Shares 27,900 Share Price $114.88 * Est. Cost/Share $129.45 Unrealized @ Report Date -13.4%

GSBD GOLDMAN SACHS BDC INC 1.0%

Value $2.097M Shares 216,000 Share Price $9.71 * Est. Cost/Share $9.29 Unrealized @ Report Date -2.1%

SNPS SYNOPSYS INC 1.0%

Value $2.057M Shares 4,600 Share Price $447.26 * Est. Cost/Share $452.20 Unrealized @ Report Date -3.8%

BBDC BARINGS BDC INC 0.6%

Value $1.267M Shares 150,500 Share Price $8.42 * Est. Cost/Share $8.59 Unrealized @ Report Date +0.4%

NMFC NEW MTN FIN CORP 0.4%

Value $717K Shares 100,000 Share Price $7.17 * Est. Cost/Share $7.96 Unrealized @ Report Date -13.1%

FSK FS KKR CAP CORP 0.2%

Value $437K Shares 41,175 Share Price $10.61 * Est. Cost/Share $12.52 Unrealized @ Report Date -12.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	30,200	$11.13M	5.6%	$368.57 *	$416.60	+23.1%	—	594918104
AMZN	AMAZON COM INC	43,000	$10.33M	5.2%	$240.14 *	$221.25	+12.6%	—	023135106
META	META PLATFORMS INC	18,300	$10.3M	5.1%	$562.60 *	$638.57	+13.6%	—	30303M102
NVDA	NVIDIA CORPORATION	48,200	$9.398M	4.7%	$194.97 *	$205.61	+11.1%	—	67066G104
GOOGL	ALPHABET INC	24,900	$8.806M	4.4%	$353.65 *	$359.96	-4.4%	—	02079K305
KWEB	KRANESHARES TRUST	310,000	$7.533M	3.8%	$24.30	$27.69	-11.5%	—	500767306
AVGO	BROADCOM INC	18,600	$6.928M	3.5%	$372.45 *	$340.65	+3.1%	—	11135F101
KKR	KKR & CO INC	69,000	$6.137M	3.1%	$88.94 *	$103.78	-12.0%	—	48251W104
NOW	SERVICENOW INC	55,500	$5.548M	2.8%	$99.97 *	$99.01	+35.4%	—	81762P102
NU	NU HLDGS LTD	410,000	$5.383M	2.7%	$13.13 *	$13.48	-6.1%	—	G6683N103
NFLX	NETFLIX INC.	72,000	$5.312M	2.7%	$73.78 *	$88.07	-21.0%	—	64110L106
MU	MICRON TECHNOLOGY INC	4,200	$4.81M	2.4%	$1145.28 *	$749.89	+42.0%	—	595112103
UBER	UBER TECHNOLOGIES INC	58,000	$4.379M	2.2%	$75.50 *	$76.96	-11.0%	—	90353T100
CEG	CONSTELLATION ENERGY CORP	14,000	$3.63M	1.8%	$259.32 *	$281.62	-9.8%	—	21037T109
TSM	TAIWAN SEMICONDUCTOR MANUFAC	7,800	$3.55M	1.8%	$455.10	$405.79	+12.4%	—	874039100
BX	BLACKSTONE INC	27,900	$3.205M	1.6%	$114.88 *	$129.45	-13.4%	—	09260D107
GSBD	GOLDMAN SACHS BDC INC	216,000	$2.097M	1.0%	$9.71 *	$9.29	-2.1%	—	38147U107
SNPS	SYNOPSYS INC	4,600	$2.057M	1.0%	$447.26 *	$452.20	-3.8%	—	871607107
BBDC	BARINGS BDC INC	150,500	$1.267M	0.6%	$8.42 *	$8.59	+0.4%	—	06759L103
NMFC	NEW MTN FIN CORP	100,000	$717K	0.4%	$7.17 *	$7.96	-13.1%	—	647551100
FSK	FS KKR CAP CORP	41,175	$437K	0.2%	$10.61 *	$12.52	-12.2%	—	302635206

Decreased Positions (1)

BCSF BAIN CAP SPECIALTY FIN INC 0.3%

Value $528K (-55.8%) Shares 46,993 (-50.8%) Share Price $11.23 Est. Cost/Share $13.04 Unrealized @ Report Date -15.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BCSF	BAIN CAP SPECIALTY FIN INC	46,993 (-50.8%)	$528K (-55.8%)	0.3%	$11.23	$13.04	-15.4%	COM STK	05684B107

Unchanged Positions (1)

ACWI ISHARES TR 15.5%

Value $30.98M Shares 194,300 Share Price $159.46 Est. Cost/Share $144.88 Unrealized @ Report Date +9.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ACWI	ISHARES TR	194,300	$30.98M	15.5%	$159.46	$144.88	+9.6%	MSCI ACWI ETF	464288257