TITAN GLOBAL CAPITAL MANAGEMENT USA LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	100,376 (+50.8%)	$31,498 (+94.2%)	4.5%	$173.11	+65.4%	CAP STK CL C	02079K107
IVV	ISHARES TR	95,302 (+14.9%)	$65,276 (+17.5%)	9.3%	$545.58	—	CORE S&P500 ETF	464287200
IBIT	ISHARES BITCOIN TRUST ETF	620,804 (+2.1%)	$30,823 (-22.0%)	4.4%	$40.66	—	SHS BEN INT	46438F101
FICO	FAIR ISAAC CORP	7,993 (+42.6%)	$13,513 (+61.1%)	1.9%	$1831.05	-6.0%	COM	303250104
VWO	VANGUARD INTL EQUITY INDEX F	183,850 (+80.5%)	$9,884 (+79.1%)	1.4%	$47.50	—	FTSE EMR MKT ETF	922042858
NOW	SERVICENOW INC	103,608 (+396.9%)	$15,872 (-17.3%)	2.3%	$161.59	+6.2%	COM	81762P102
AMZN	AMAZON COM INC	117,330 (+6.2%)	$27,082 (+11.7%)	3.9%	$140.03	+63.4%	COM	023135106
UEC	URANIUM ENERGY CORP	2,875,810 (+7.1%)	$33,589 (-6.2%)	4.8%	$6.38	+105.6%	COM	916896103
CRS	CARPENTER TECHNOLOGY CORP	12,408 (+26.0%)	$3,906 (+61.6%)	0.6%	$234.62	+28.1%	COM	144285103
VIST	VISTA ENERGY S.A.B. DE C.V.	49,195 (+17.5%)	$2,394 (+66.2%)	0.3%	$33.80	—	SPONSORED ADS	92837L109
SUPV	GRUPO SUPERVIELLE S.A.	91,523 (+75.9%)	$1,082 (+320.2%)	0.2%	$12.45	—	SPONSORED ADR	40054A108
BMA	BANCO MACRO SA	12,586 (+56.6%)	$1,135 (+233.8%)	0.2%	$80.67	—	SPON ADR B	05961W105
PAM	PAMPA ENERGIA S A	12,792 (+44.2%)	$1,132 (+112.5%)	0.2%	$80.66	—	SPONS ADR LVL I	697660207
VCIT	VANGUARD SCOTTSDALE FDS	31,229 (+28.6%)	$2,615 (+28.0%)	0.4%	$81.66	—	INT-TERM CORP	92206C870
ADI	ANALOG DEVICES INC	6,603 (+21.8%)	$1,791 (+34.4%)	0.3%	$199.91	+25.4%	COM	032654105
GBIL	GOLDMAN SACHS ETF TR	11,719 (+48.8%)	$1,171 (+48.4%)	0.2%	$100.27	—	ACCES TREASURY	381430529
YPF	YPF SOCIEDAD ANONIMA	23,330 (+20.1%)	$844 (+78.8%)	0.1%	$35.23	—	SPON ADR CL D	984245100
VTIP	VANGUARD MALVERN FDS	58,388 (+17.0%)	$2,888 (+14.3%)	0.4%	$48.62	—	STRM INFPROIDX	922020805
CCJ	CAMECO CORP	36,011 (+1.9%)	$3,295 (+11.2%)	0.5%	$27.76	+224.0%	COM	13321L108
MELI	MERCADOLIBRE INC	1,007 (+1.9%)	$2,028 (-12.1%)	0.3%	$1358.95	+54.6%	COM	58733R102
EMB	ISHARES TR	13,492 (+15.1%)	$1,299 (+16.4%)	0.2%	$89.99	—	JPMORGAN USD EMG	464288281
NU	NU HLDGS LTD	155,927 (+1.7%)	$2,610 (+6.4%)	0.4%	$11.67	+37.7%	ORD SHS CL A	G6683N103
URNM	SPROTT FDS TR	26,219 (+1.6%)	$1,439 (-7.7%)	0.2%	$46.78	—	URANIUM MINERS E	85208P303
ASML	ASML HOLDING N V	866 (+1.4%)	$926 (+12.1%)	0.1%	$676.03	—	N Y REGISTRY SHS	N07059210

Exited Positions (3)

VIG VANGUARD SPECIALIZED FUNDS 1.9%

Value ($000) $12,949 Shares 60,005 Est. Cost $196.61 Unrealized —

TMUS T-MOBILE US INC 1.6%

Value ($000) $11,067 Shares 46,232 Est. Cost $135.42 Unrealized +56.0%

GPK GRAPHIC PACKAGING HLDG CO 0.3%

Value ($000) $1,873 Shares 95,723 Est. Cost $24.21 Unrealized -32.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VIG	VANGUARD SPECIALIZED FUNDS	60,005	$12,949	1.9%	$196.61	—	—	921908844
TMUS	T-MOBILE US INC	46,232	$11,067	1.6%	$135.42	+56.0%	—	872590104
GPK	GRAPHIC PACKAGING HLDG CO	95,723	$1,873	0.3%	$24.21	-32.1%	—	388689101

Decreased Positions (12)

ETHA ISHARES ETHEREUM TR 4.0%

Value ($000) $27,589 (-29.8%) Shares 1,229,988 (-1.4%) Est. Cost $24.80 Unrealized —

MU MICRON TECHNOLOGY INC 3.9%

Value ($000) $27,319 (+61.1%) Shares 95,720 (-5.5%) Est. Cost $94.95 Unrealized +141.6%

CIEN CIENA CORP 5.6%

Value ($000) $39,189 (+33.2%) Shares 167,569 (-17.0%) Est. Cost $75.54 Unrealized +156.8%

AVGO BROADCOM INC 2.8%

Value ($000) $19,329 (-3.9%) Shares 55,848 (-8.4%) Est. Cost $196.19 Unrealized +82.0%

KWEB KRANESHARES TRUST 0.3%

Value ($000) $2,069 (-22.7%) Shares 60,765 (-4.7%) Est. Cost $30.65 Unrealized —

EWJ ISHARES INC 0.3%

Value ($000) $1,985 (-22.7%) Shares 24,587 (-23.2%) Est. Cost $62.71 Unrealized —

V VISA INC 0.4%

Value ($000) $2,493 (-18.9%) Shares 7,110 (-21.0%) Est. Cost $213.82 Unrealized +59.2%

GDXJ VANECK ETF TRUST 0.7%

Value ($000) $4,748 (+13.5%) Shares 41,731 (-1.2%) Est. Cost $52.11 Unrealized —

ORCL ORACLE CORP 0.1%

Value ($000) $632 (-42.1%) Shares 3,241 (-16.4%) Est. Cost $107.38 Unrealized +121.7%

VTEB VANGUARD MUN BD FDS 0.1%

Value ($000) $490 (-41.5%) Shares 9,742 (-41.8%) Est. Cost $50.31 Unrealized —

GLD SPDR GOLD TR 0.7%

Value ($000) $4,643 (+7.1%) Shares 11,717 (-3.9%) Est. Cost $267.39 Unrealized —

GDX VANECK ETF TRUST 0.3%

Value ($000) $1,946 (+0.2%) Shares 22,695 (-10.7%) Est. Cost $52.06 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ETHA	ISHARES ETHEREUM TR	1,229,988 (-1.4%)	$27,589 (-29.8%)	4.0%	$24.80	—	SHS	46438R105
MU	MICRON TECHNOLOGY INC	95,720 (-5.5%)	$27,319 (+61.1%)	3.9%	$94.95	+141.6%	COM	595112103
CIEN	CIENA CORP	167,569 (-17.0%)	$39,189 (+33.2%)	5.6%	$75.54	+156.8%	COM NEW	171779309
AVGO	BROADCOM INC	55,848 (-8.4%)	$19,329 (-3.9%)	2.8%	$196.19	+82.0%	COM	11135F101
KWEB	KRANESHARES TRUST	60,765 (-4.7%)	$2,069 (-22.7%)	0.3%	$30.65	—	CSI CHI INTERNET	500767306
EWJ	ISHARES INC	24,587 (-23.2%)	$1,985 (-22.7%)	0.3%	$62.71	—	MSCI JAPAN ETF	46434G822
V	VISA INC	7,110 (-21.0%)	$2,493 (-18.9%)	0.4%	$213.82	+59.2%	COM CL A	92826C839
GDXJ	VANECK ETF TRUST	41,731 (-1.2%)	$4,748 (+13.5%)	0.7%	$52.11	—	JUNIOR GOLD MINE	92189F791
ORCL	ORACLE CORP	3,241 (-16.4%)	$632 (-42.1%)	0.1%	$107.38	+121.7%	COM	68389X105
VTEB	VANGUARD MUN BD FDS	9,742 (-41.8%)	$490 (-41.5%)	0.1%	$50.31	—	TAX EXEMPT BD	922907746
GLD	SPDR GOLD TR	11,717 (-3.9%)	$4,643 (+7.1%)	0.7%	$267.39	—	GOLD SHS	78463V107
GDX	VANECK ETF TRUST	22,695 (-10.7%)	$1,946 (+0.2%)	0.3%	$52.06	—	GOLD MINERS ETF	92189F106

Unchanged Positions (20)

UBER UBER TECHNOLOGIES INC 3.1%

Value ($000) $21,627 Shares 264,680 Est. Cost $45.65 Unrealized +97.3%

META META PLATFORMS INC 3.8%

Value ($000) $26,490 Shares 40,132 Est. Cost $314.37 Unrealized +112.3%

TMO THERMO FISHER SCIENTIFIC INC 2.4%

Value ($000) $16,767 Shares 28,936 Est. Cost $617.25 Unrealized -8.4%

MSFT MICROSOFT CORP 4.5%

Value ($000) $31,600 Shares 65,342 Est. Cost $278.33 Unrealized +79.9%

SPGI S&P GLOBAL INC 4.3%

Value ($000) $30,061 Shares 57,524 Est. Cost $408.24 Unrealized +21.1%

SCHW SCHWAB CHARLES CORP 4.0%

Value ($000) $28,171 Shares 281,964 Est. Cost $63.82 Unrealized +48.4%

FCNCA FIRST CTZNS BANCSHARES INC D 0.6%

Value ($000) $4,496 Shares 2,095 Est. Cost $1902.83 Unrealized -1.0%

RTX RTX CORPORATION 1.1%

Value ($000) $7,559 Shares 41,216 Est. Cost $95.19 Unrealized +82.1%

MCO MOODYS CORP 0.8%

Value ($000) $5,658 Shares 11,076 Est. Cost $337.04 Unrealized +44.6%

OKTA OKTA INC 0.4%

Value ($000) $2,703 Shares 31,257 Est. Cost $83.38 Unrealized +4.7%

DNN DENISON MINES CORP 0.7%

Value ($000) $5,011 Shares 1,883,895 Est. Cost $1.41 Unrealized +92.6%

GE GE AEROSPACE 1.2%

Value ($000) $8,389 Shares 27,235 Est. Cost $93.72 Unrealized +221.0%

TDG TRANSDIGM GROUP INC 4.0%

Value ($000) $27,865 Shares 20,954 Est. Cost $485.39 Unrealized +170.0%

ESTC ELASTIC N V 0.2%

Value ($000) $1,051 Shares 13,929 Est. Cost $114.71 Unrealized -28.9%

NXE NEXGEN ENERGY LTD 0.7%

Value ($000) $4,603 Shares 500,313 Est. Cost $5.19 Unrealized +70.2%

AEVA AEVA TECHNOLOGIES INC 0.2%

Value ($000) $1,087 Shares 81,887 Est. Cost $15.93 Unrealized -10.6%

NVDA NVIDIA CORPORATION 5.4%

Value ($000) $37,466 Shares 200,893 Est. Cost $110.16 Unrealized +69.0%

SSNC SS&C TECHNOLOGIES HLDGS INC 0.5%

Value ($000) $3,332 Shares 38,115 Est. Cost $65.40 Unrealized +30.4%

MA MASTERCARD INCORPORATED 4.0%

Value ($000) $28,201 Shares 49,400 Est. Cost $372.21 Unrealized +50.2%

CP CANADIAN PACIFIC KANSAS CITY 0.6%

Value ($000) $4,222 Shares 57,339 Est. Cost $76.94 Unrealized -4.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UBER	UBER TECHNOLOGIES INC	264,680	$21,627	3.1%	$45.65	+97.3%	COM	90353T100
META	META PLATFORMS INC	40,132	$26,490	3.8%	$314.37	+112.3%	CL A	30303M102
TMO	THERMO FISHER SCIENTIFIC INC	28,936	$16,767	2.4%	$617.25	-8.4%	COM	883556102
MSFT	MICROSOFT CORP	65,342	$31,600	4.5%	$278.33	+79.9%	COM	594918104
SPGI	S&P GLOBAL INC	57,524	$30,061	4.3%	$408.24	+21.1%	COM	78409V104
SCHW	SCHWAB CHARLES CORP	281,964	$28,171	4.0%	$63.82	+48.4%	COM	808513105
FCNCA	FIRST CTZNS BANCSHARES INC D	2,095	$4,496	0.6%	$1902.83	-1.0%	CL A	31946M103
RTX	RTX CORPORATION	41,216	$7,559	1.1%	$95.19	+82.1%	COM	75513E101
MCO	MOODYS CORP	11,076	$5,658	0.8%	$337.04	+44.6%	COM	615369105
OKTA	OKTA INC	31,257	$2,703	0.4%	$83.38	+4.7%	CL A	679295105
DNN	DENISON MINES CORP	1,883,895	$5,011	0.7%	$1.41	+92.6%	COM	248356107
GE	GE AEROSPACE	27,235	$8,389	1.2%	$93.72	+221.0%	COM NEW	369604301
TDG	TRANSDIGM GROUP INC	20,954	$27,865	4.0%	$485.39	+170.0%	COM	893641100
ESTC	ELASTIC N V	13,929	$1,051	0.2%	$114.71	-28.9%	ORD SHS	N14506104
NXE	NEXGEN ENERGY LTD	500,313	$4,603	0.7%	$5.19	+70.2%	COM	65340P106
AEVA	AEVA TECHNOLOGIES INC	81,887	$1,087	0.2%	$15.93	-10.6%	COM NEW	00835Q202
NVDA	NVIDIA CORPORATION	200,893	$37,466	5.4%	$110.16	+69.0%	COM	67066G104
SSNC	SS&C TECHNOLOGIES HLDGS INC	38,115	$3,332	0.5%	$65.40	+30.4%	COM	78467J100
MA	MASTERCARD INCORPORATED	49,400	$28,201	4.0%	$372.21	+50.2%	CL A	57636Q104
CP	CANADIAN PACIFIC KANSAS CITY	57,339	$4,222	0.6%	$76.94	-4.3%	COM	13646K108