Simplify Asset Management Inc. Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMGN	AMGEN INC	52,350	$17,135	0.3%	$315.95	0.0%	COM	031162100
ALGN	ALIGN TECHNOLOGY INC	107,194	$16,738	0.3%	$143.30	0.0%	COM	016255101
JAZZ	JAZZ PHARMACEUTICALS PLC	71,178	$12,100	0.2%	$153.31	0.0%	SHS USD	G50871105
WRBY	WARBY PARKER INC	400,343	$8,723	0.1%	$21.76	0.0%	CL A COM	93403J106
TXG	10X GENOMICS INC	485,977	$7,926	0.1%	$15.11	0.0%	CL A COM	88025U109
QQQ	INVESCO QQQ TR	8,000	$4,905	0.1%	—	—	PUT	46090E103
XXV	SIMPLIFY EXCHANGE TRADED FUN	125,000	$3,179	0.1%	$25.43	—	ANCORATO TARGET	82889N343
OSCR	OSCAR HEALTH INC	205,131	$2,948	0.0%	$17.30	0.0%	CL A	687793109
CTAP	SIMPLIFY EXCHANGE TRADED FUN	100,000	$2,562	0.0%	$25.62	—	US EQUITY PLUS M	82889N228
OCS	OCULIS HOLDING AG	98,765	$1,972	0.0%	$20.00	0.0%	ORDINARY SHARES	H5870P102
MFA	MFA FINL INC	202,500	$1,885	0.0%	$9.31	—	COM	55272X607
KYTX	KYVERNA THERAPEUTICS INC	192,339	$1,808	0.0%	$7.42	0.0%	COM	501976104
IVA	INVENTIVA SA	337,662	$1,570	0.0%	$4.65	—	ADS	46124U107
DX	DYNEX CAP INC	107,000	$1,463	0.0%	$13.67	—	COM	26817Q886
ARR	ARMOUR RESIDENTIAL REIT INC	78,000	$1,380	0.0%	$17.69	—	COM SHS	042315705
SABS	SAB BIOTHERAPEUTICS INC	208,227	$779	0.0%	$3.29	0.0%	COM NEW	78397T202
RGNX	REGENXBIO INC	38,000	$547	0.0%	$12.46	0.0%	COM	75901B107
FLL	FULL HSE RESORTS INC	165,355	$432	0.0%	$2.69	0.0%	COM	359678109
BX	BLACKSTONE INC	1,938	$299	0.0%	$151.46	0.0%	COM	09260D107
FLR	FLUOR CORP NEW	7,280	$289	0.0%	$44.24	0.0%	COM	343412102
ICLR	ICON PLC	1,555	$283	0.0%	$178.08	0.0%	SHS	G4705A100
STX	SEAGATE TECHNOLOGY HLDNGS PL	1,026	$283	0.0%	$258.92	0.0%	ORD SHS	G7997R103
WDC	WESTERN DIGITAL CORP	1,639	$282	0.0%	$151.55	0.0%	COM	958102105
LENZ	LENZ THERAPEUTICS INC	17,481	$280	0.0%	$29.15	0.0%	COM	52635N103
AMAT	APPLIED MATLS INC	1,005	$258	0.0%	$239.49	0.0%	COM	038222105
LRCX	LAM RESEARCH CORP	1,478	$253	0.0%	$155.36	0.0%	COM NEW	512807306
QNRX	QUOIN PHARMACEUTICALS LTD	17,448	$252	0.0%	$14.43	—	SPONSORED ADS	74907L409
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	969	$248	0.0%	$249.31	0.0%	COM	874054109
NTRA	NATERA INC	1,041	$238	0.0%	$208.59	0.0%	COM	632307104
ROK	ROCKWELL AUTOMATION INC	588	$229	0.0%	$375.21	0.0%	COM	773903109
RDDT	REDDIT INC	982	$226	0.0%	$210.30	0.0%	CL A	75734B100
TEAM	ATLASSIAN CORPORATION	1,351	$219	0.0%	$156.92	0.0%	CL A	049468101
FICO	FAIR ISAAC CORP	120	$203	0.0%	$1721.38	0.0%	COM	303250104
KLRS	KALARIS THERAPEUTICS INC	20,074	$169	0.0%	$6.39	0.0%	COM	482929106
AUR	AURORA INNOVATION INC	10,969	$42	0.0%	$4.58	0.0%	CLASS A COM	051774107
IRWD	IRONWOOD PHARMACEUTICALS INC	10,946	$37	0.0%	$2.60	0.0%	COM CL A	46333X108
FUBO	FUBOTV INC	12,602	$32	0.0%	$3.33	0.0%	CLASS A COM SHS	35953D104

Increased Positions (75)

SBIL SIMPLIFY EXCHANGE TRADED FUN 71.3%

Value ($000) $4,368,832 (+31.6%) Shares 43,649,040 (+31.6%) Est. Cost $100.08 Unrealized —

IVV ISHARES TR 11.3%

Value ($000) $691,862 (+4.0%) Shares 1,010,106 (+1.6%) Est. Cost $513.18 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.5%

Value ($000) $32,947 (+225.0%) Shares 99,807 (+239.9%) Est. Cost $334.02 Unrealized +1.0%

LLY ELI LILLY & CO 0.5%

Value ($000) $30,068 (+307.8%) Shares 27,979 (+189.5%) Est. Cost $885.70 Unrealized +7.9%

REGN REGENERON PHARMACEUTICALS 0.4%

Value ($000) $24,046 (+229.5%) Shares 31,153 (+140.0%) Est. Cost $662.01 Unrealized +2.5%

APLS APELLIS PHARMACEUTICALS INC 0.2%

Value ($000) $13,515 (+458.7%) Shares 538,008 (+403.3%) Est. Cost $23.43 Unrealized +0.1%

BHVN BIOHAVEN LTD 0.2%

Value ($000) $10,818 (+557.1%) Shares 958,202 (+773.6%) Est. Cost $12.97 Unrealized -4.4%

PCT PURECYCLE TECHNOLOGIES INC 0.3%

Value ($000) $16,609 (+113.9%) Shares 1,933,564 (+227.4%) Est. Cost $9.52 Unrealized +11.5%

DHR DANAHER CORPORATION 0.2%

Value ($000) $10,168 (+534.8%) Shares 44,416 (+449.8%) Est. Cost $219.27 Unrealized +0.1%

VRTX VERTEX PHARMACEUTICALS INC 0.1%

Value ($000) $7,930 (+1552.9%) Shares 17,492 (+1327.9%) Est. Cost $432.93 Unrealized -0.4%

EYPT EYEPOINT INC 0.1%

Value ($000) $6,856 (+432.4%) Shares 375,264 (+314.9%) Est. Cost $12.57 Unrealized +12.7%

ISRG INTUITIVE SURGICAL INC 0.1%

Value ($000) $8,348 (+144.3%) Shares 14,740 (+92.9%) Est. Cost $461.57 Unrealized +15.3%

ESTA ESTABLISHMENT LABS HLDGS INC 0.1%

Value ($000) $5,313 (+241.5%) Shares 72,894 (+92.1%) Est. Cost $50.21 Unrealized +20.3%

AZN ASTRAZENECA PLC 0.1%

Value ($000) $6,525 (+130.2%) Shares 70,980 (+92.1%) Est. Cost $82.54 Unrealized —

INSM INSMED INC 0.1%

Value ($000) $6,420 (+126.7%) Shares 36,890 (+87.6%) Est. Cost $129.25 Unrealized +41.2%

UTHR UNITED THERAPEUTICS CORP DEL 0.2%

Value ($000) $11,616 (+39.1%) Shares 23,839 (+19.7%) Est. Cost $357.58 Unrealized +30.2%

PEN PENUMBRA INC 0.1%

Value ($000) $4,921 (+132.9%) Shares 15,827 (+89.7%) Est. Cost $263.56 Unrealized +4.8%

ALHC ALIGNMENT HEALTHCARE INC 0.1%

Value ($000) $5,192 (+117.3%) Shares 262,880 (+92.0%) Est. Cost $14.89 Unrealized +20.6%

IBIT ISHARES BITCOIN TRUST ETF 0.7%

Value ($000) $40,752 (-6.1%) Shares 800,000 (+23.1%) Est. Cost $61.93 Unrealized —

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $4,545 (+115.0%) Shares 21,960 (+92.6%) Est. Cost $174.74 Unrealized +12.7%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.1%

Value ($000) $4,431 (+109.4%) Shares 54,028 (+91.7%) Est. Cost $73.86 Unrealized +5.5%

IQV IQVIA HLDGS INC 0.1%

Value ($000) $3,926 (+128.6%) Shares 17,418 (+92.6%) Est. Cost $184.76 Unrealized +17.8%

VRDN VIRIDIAN THERAPEUTICS INC 0.1%

Value ($000) $3,222 (+198.6%) Shares 103,531 (+107.1%) Est. Cost $22.89 Unrealized +19.8%

IBIT ISHARES BITCOIN TRUST ETF 0.6%

Value ($000) $39,472 (-4.5%) Shares 795,000 (+25.0%) Est. Cost $61.93 Unrealized —

CYPH CYPHERPUNK TECHNOLOGIES INC 0.0%

Value ($000) $2,172 (+390.4%) Shares 1,872,322 (+91.9%) Est. Cost $1.77 Unrealized -38.4%

TMO THERMO FISHER SCIENTIFIC INC 0.0%

Value ($000) $2,676 (+126.6%) Shares 4,619 (+89.7%) Est. Cost $552.73 Unrealized +2.2%

ARGX ARGENX SE 0.0%

Value ($000) $2,620 (+114.1%) Shares 3,115 (+87.8%) Est. Cost $661.65 Unrealized —

ABT ABBOTT LABS 0.0%

Value ($000) $2,672 (+79.1%) Shares 21,330 (+91.5%) Est. Cost $119.42 Unrealized +6.6%

PCRX PACIRA BIOSCIENCES INC 0.0%

Value ($000) $2,232 (+92.7%) Shares 86,261 (+91.9%) Est. Cost $22.93 Unrealized +3.7%

FULC FULCRUM THERAPEUTICS INC 0.0%

Value ($000) $1,806 (+135.8%) Shares 159,674 (+91.8%) Est. Cost $9.24 Unrealized +10.1%

HQY HEALTHEQUITY INC 0.0%

Value ($000) $2,504 (+67.1%) Shares 27,329 (+72.9%) Est. Cost $94.79 Unrealized +1.0%

BNTC BENITEC BIOPHARMA INC 0.0%

Value ($000) $2,036 (+84.3%) Shares 151,163 (+92.0%) Est. Cost $11.21 Unrealized +23.3%

EW EDWARDS LIFESCIENCES CORP 0.0%

Value ($000) $1,649 (+110.8%) Shares 19,338 (+92.3%) Est. Cost $76.30 Unrealized +7.6%

SNDX SYNDAX PHARMACEUTICALS INC 0.0%

Value ($000) $1,150 (+162.1%) Shares 54,715 (+91.9%) Est. Cost $18.69 Unrealized -6.7%

BSX BOSTON SCIENTIFIC CORP 0.0%

Value ($000) $1,483 (+87.8%) Shares 15,551 (+92.3%) Est. Cost $99.82 Unrealized -1.8%

COO COOPER COS INC 0.0%

Value ($000) $1,118 (+130.1%) Shares 13,642 (+92.5%) Est. Cost $85.61 Unrealized -12.6%

AGNC AGNC INVT CORP 0.0%

Value ($000) $1,362 (+61.7%) Shares 127,037 (+47.7%) Est. Cost $9.97 Unrealized —

NLY ANNALY CAPITAL MANAGEMENT IN 0.0%

Value ($000) $1,781 (+40.1%) Shares 79,655 (+26.6%) Est. Cost $20.19 Unrealized —

CI THE CIGNA GROUP 0.0%

Value ($000) $1,045 (+81.4%) Shares 3,798 (+90.0%) Est. Cost $294.49 Unrealized -5.2%

CSCO CISCO SYS INC 0.0%

Value ($000) $1,552 (+38.4%) Shares 20,360 (+24.2%) Est. Cost $68.63 Unrealized +7.5%

IBM INTERNATIONAL BUSINESS MACHS 0.0%

Value ($000) $1,437 (+39.2%) Shares 4,852 (+32.6%) Est. Cost $269.19 Unrealized +11.0%

SYK STRYKER CORPORATION 0.0%

Value ($000) $820 (+78.7%) Shares 2,334 (+87.9%) Est. Cost $341.62 Unrealized +6.4%

APP APPLOVIN CORP 0.0%

Value ($000) $1,181 (+40.6%) Shares 1,753 (+50.0%) Est. Cost $517.43 Unrealized +21.8%

MMM 3M CO 0.0%

Value ($000) $718 (+77.3%) Shares 4,485 (+71.8%) Est. Cost $133.95 Unrealized +21.8%

WMT WALMART INC 0.0%

Value ($000) $1,726 (+20.6%) Shares 15,494 (+11.6%) Est. Cost $100.06 Unrealized +7.1%

XOM EXXON MOBIL CORP 0.0%

Value ($000) $946 (+35.4%) Shares 7,858 (+26.9%) Est. Cost $110.93 Unrealized +4.1%

TGTX TG THERAPEUTICS INC 0.0%

Value ($000) $693 (+53.4%) Shares 23,233 (+85.9%) Est. Cost $30.95 Unrealized +5.5%

QCOM QUALCOMM INC 0.0%

Value ($000) $924 (+27.5%) Shares 5,403 (+24.0%) Est. Cost $159.83 Unrealized +6.9%

PLTR PALANTIR TECHNOLOGIES INC 0.0%

Value ($000) $1,731 (+12.3%) Shares 9,741 (+15.2%) Est. Cost $164.58 Unrealized +10.0%

ZBH ZIMMER BIOMET HOLDINGS INC 0.0%

Value ($000) $405 (+77.5%) Shares 4,500 (+94.5%) Est. Cost $96.64 Unrealized -2.1%

AXP AMERICAN EXPRESS CO 0.0%

Value ($000) $392 (+81.7%) Shares 1,065 (+63.8%) Est. Cost $332.30 Unrealized +7.4%

INTU INTUIT 0.0%

Value ($000) $972 (+21.6%) Shares 1,468 (+25.4%) Est. Cost $707.56 Unrealized -6.6%

GE GE AEROSPACE 0.0%

Value ($000) $601 (+39.5%) Shares 1,950 (+36.3%) Est. Cost $280.17 Unrealized +7.4%

NOW SERVICENOW INC 0.0%

Value ($000) $908 (+22.8%) Shares 5,929 (+637.4%) Est. Cost $173.61 Unrealized -1.2%

CHWY CHEWY INC 0.0%

Value ($000) $500 (+50.1%) Shares 15,120 (+83.7%) Est. Cost $31.74 Unrealized +9.4%

MA MASTERCARD INCORPORATED 0.0%

Value ($000) $968 (+14.7%) Shares 1,695 (+14.3%) Est. Cost $571.65 Unrealized -2.2%

UBER UBER TECHNOLOGIES INC 0.0%

Value ($000) $362 (+37.8%) Shares 4,427 (+65.2%) Est. Cost $92.15 Unrealized -2.3%

IDXX IDEXX LABS INC 0.0%

Value ($000) $395 (+28.8%) Shares 584 (+21.7%) Est. Cost $620.16 Unrealized +9.8%

ALNY ALNYLAM PHARMACEUTICALS INC 0.0%

Value ($000) $441 (+24.9%) Shares 1,109 (+43.3%) Est. Cost $417.88 Unrealized +5.9%

NET CLOUDFLARE INC 0.0%

Value ($000) $369 (+30.9%) Shares 1,873 (+42.4%) Est. Cost $206.35 Unrealized +2.5%

CDNS CADENCE DESIGN SYSTEM INC 0.0%

Value ($000) $466 (+20.1%) Shares 1,490 (+35.0%) Est. Cost $339.44 Unrealized -3.9%

DELL DELL TECHNOLOGIES INC 0.0%

Value ($000) $467 (+20.0%) Shares 3,712 (+35.1%) Est. Cost $132.18 Unrealized +6.5%

FTNT FORTINET INC 0.0%

Value ($000) $322 (+29.8%) Shares 4,059 (+37.5%) Est. Cost $87.52 Unrealized -5.2%

EA ELECTRONIC ARTS INC 0.0%

Value ($000) $265 (+31.9%) Shares 1,296 (+30.3%) Est. Cost $173.72 Unrealized +16.1%

ADSK AUTODESK INC 0.0%

Value ($000) $340 (+23.2%) Shares 1,148 (+32.3%) Est. Cost $304.20 Unrealized -0.5%

KO COCA COLA CO 0.0%

Value ($000) $311 (+25.5%) Shares 4,453 (+19.1%) Est. Cost $68.16 Unrealized +1.8%

BKNG BOOKING HOLDINGS INC 0.0%

Value ($000) $305 (+25.6%) Shares 57 (+26.7%) Est. Cost $5473.97 Unrealized -6.1%

HD HOME DEPOT INC 0.0%

Value ($000) $399 (+13.4%) Shares 1,160 (+33.5%) Est. Cost $383.00 Unrealized -4.8%

GEV GE VERNOVA INC 0.0%

Value ($000) $273 (+15.1%) Shares 418 (+8.3%) Est. Cost $605.79 Unrealized +0.5%

MSI MOTOROLA SOLUTIONS INC 0.0%

Value ($000) $339 (+11.6%) Shares 884 (+33.1%) Est. Cost $436.50 Unrealized -8.2%

AGL AGILON HEALTH INC 0.0%

Value ($000) $151 (+28.4%) Shares 218,810 (+92.0%) Est. Cost $2.98 Unrealized -73.9%

PM PHILIP MORRIS INTL INC 0.0%

Value ($000) $243 (+14.4%) Shares 1,516 (+15.7%) Est. Cost $148.20 Unrealized +3.6%

SPOT SPOTIFY TECHNOLOGY S A 0.0%

Value ($000) $605 (+5.3%) Shares 1,042 (+26.6%) Est. Cost $683.66 Unrealized -8.6%

WDAY WORKDAY INC 0.0%

Value ($000) $295 (+8.2%) Shares 1,375 (+21.3%) Est. Cost $230.52 Unrealized -1.4%

QVCGA QVC GROUP INC 0.0%

Value ($000) $175 (+7.9%) Shares 16,696 (+39.1%) Est. Cost $7.19 Unrealized +51.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SBIL	SIMPLIFY EXCHANGE TRADED FUN	43,649,040 (+31.6%)	$4,368,832 (+31.6%)	71.3%	$100.08	—	GOVERNMENT MONEY	82889N269
IVV	ISHARES TR	1,010,106 (+1.6%)	$691,862 (+4.0%)	11.3%	$513.18	—	CORE S&P500 ETF	464287200
UNH	UNITEDHEALTH GROUP INC	99,807 (+239.9%)	$32,947 (+225.0%)	0.5%	$334.02	+1.0%	COM	91324P102
LLY	ELI LILLY & CO	27,979 (+189.5%)	$30,068 (+307.8%)	0.5%	$885.70	+7.9%	COM	532457108
REGN	REGENERON PHARMACEUTICALS	31,153 (+140.0%)	$24,046 (+229.5%)	0.4%	$662.01	+2.5%	COM	75886F107
APLS	APELLIS PHARMACEUTICALS INC	538,008 (+403.3%)	$13,515 (+458.7%)	0.2%	$23.43	+0.1%	COM	03753U106
BHVN	BIOHAVEN LTD	958,202 (+773.6%)	$10,818 (+557.1%)	0.2%	$12.97	-4.4%	COM	G1110E107
PCT	PURECYCLE TECHNOLOGIES INC	1,933,564 (+227.4%)	$16,609 (+113.9%)	0.3%	$9.52	+11.5%	COM	74623V103
DHR	DANAHER CORPORATION	44,416 (+449.8%)	$10,168 (+534.8%)	0.2%	$219.27	+0.1%	COM	235851102
VRTX	VERTEX PHARMACEUTICALS INC	17,492 (+1327.9%)	$7,930 (+1552.9%)	0.1%	$432.93	-0.4%	COM	92532F100
EYPT	EYEPOINT INC	375,264 (+314.9%)	$6,856 (+432.4%)	0.1%	$12.57	+12.7%	COM NEW	30233G209
ISRG	INTUITIVE SURGICAL INC	14,740 (+92.9%)	$8,348 (+144.3%)	0.1%	$461.57	+15.3%	COM NEW	46120E602
ESTA	ESTABLISHMENT LABS HLDGS INC	72,894 (+92.1%)	$5,313 (+241.5%)	0.1%	$50.21	+20.3%	COM	G31249108
AZN	ASTRAZENECA PLC	70,980 (+92.1%)	$6,525 (+130.2%)	0.1%	$82.54	—	SPONSORED ADR	046353108
INSM	INSMED INC	36,890 (+87.6%)	$6,420 (+126.7%)	0.1%	$129.25	+41.2%	COM PAR $.01	457669307
UTHR	UNITED THERAPEUTICS CORP DEL	23,839 (+19.7%)	$11,616 (+39.1%)	0.2%	$357.58	+30.2%	COM	91307C102
PEN	PENUMBRA INC	15,827 (+89.7%)	$4,921 (+132.9%)	0.1%	$263.56	+4.8%	COM	70975L107
ALHC	ALIGNMENT HEALTHCARE INC	262,880 (+92.0%)	$5,192 (+117.3%)	0.1%	$14.89	+20.6%	COM	01625V104
IBIT	ISHARES BITCOIN TRUST ETF	800,000 (+23.1%)	$40,752 (-6.1%)	0.7%	$61.93	—	CALL	46438F101
JNJ	JOHNSON & JOHNSON	21,960 (+92.6%)	$4,545 (+115.0%)	0.1%	$174.74	+12.7%	COM	478160104
GEHC	GE HEALTHCARE TECHNOLOGIES I	54,028 (+91.7%)	$4,431 (+109.4%)	0.1%	$73.86	+5.5%	COMMON STOCK	36266G107
IQV	IQVIA HLDGS INC	17,418 (+92.6%)	$3,926 (+128.6%)	0.1%	$184.76	+17.8%	COM	46266C105
VRDN	VIRIDIAN THERAPEUTICS INC	103,531 (+107.1%)	$3,222 (+198.6%)	0.1%	$22.89	+19.8%	COM	92790C104
IBIT	ISHARES BITCOIN TRUST ETF	795,000 (+25.0%)	$39,472 (-4.5%)	0.6%	$61.93	—	SHS BEN INT	46438F101
CYPH	CYPHERPUNK TECHNOLOGIES INC	1,872,322 (+91.9%)	$2,172 (+390.4%)	0.0%	$1.77	-38.4%	COM NEW	52187K200
TMO	THERMO FISHER SCIENTIFIC INC	4,619 (+89.7%)	$2,676 (+126.6%)	0.0%	$552.73	+2.2%	COM	883556102
ARGX	ARGENX SE	3,115 (+87.8%)	$2,620 (+114.1%)	0.0%	$661.65	—	SPONSORED ADR	04016X101
ABT	ABBOTT LABS	21,330 (+91.5%)	$2,672 (+79.1%)	0.0%	$119.42	+6.6%	COM	002824100
PCRX	PACIRA BIOSCIENCES INC	86,261 (+91.9%)	$2,232 (+92.7%)	0.0%	$22.93	+3.7%	COM	695127100
FULC	FULCRUM THERAPEUTICS INC	159,674 (+91.8%)	$1,806 (+135.8%)	0.0%	$9.24	+10.1%	COM	359616109
HQY	HEALTHEQUITY INC	27,329 (+72.9%)	$2,504 (+67.1%)	0.0%	$94.79	+1.0%	COM	42226A107
BNTC	BENITEC BIOPHARMA INC	151,163 (+92.0%)	$2,036 (+84.3%)	0.0%	$11.21	+23.3%	COM NEW	08205P209
EW	EDWARDS LIFESCIENCES CORP	19,338 (+92.3%)	$1,649 (+110.8%)	0.0%	$76.30	+7.6%	COM	28176E108
SNDX	SYNDAX PHARMACEUTICALS INC	54,715 (+91.9%)	$1,150 (+162.1%)	0.0%	$18.69	-6.7%	COM	87164F105
BSX	BOSTON SCIENTIFIC CORP	15,551 (+92.3%)	$1,483 (+87.8%)	0.0%	$99.82	-1.8%	COM	101137107
COO	COOPER COS INC	13,642 (+92.5%)	$1,118 (+130.1%)	0.0%	$85.61	-12.6%	COM	216648501
AGNC	AGNC INVT CORP	127,037 (+47.7%)	$1,362 (+61.7%)	0.0%	$9.97	—	COM	00123Q104
NLY	ANNALY CAPITAL MANAGEMENT IN	79,655 (+26.6%)	$1,781 (+40.1%)	0.0%	$20.19	—	COM NEW	035710839
CI	THE CIGNA GROUP	3,798 (+90.0%)	$1,045 (+81.4%)	0.0%	$294.49	-5.2%	COM	125523100
CSCO	CISCO SYS INC	20,360 (+24.2%)	$1,552 (+38.4%)	0.0%	$68.63	+7.5%	COM	17275R102
IBM	INTERNATIONAL BUSINESS MACHS	4,852 (+32.6%)	$1,437 (+39.2%)	0.0%	$269.19	+11.0%	COM	459200101
SYK	STRYKER CORPORATION	2,334 (+87.9%)	$820 (+78.7%)	0.0%	$341.62	+6.4%	COM	863667101
APP	APPLOVIN CORP	1,753 (+50.0%)	$1,181 (+40.6%)	0.0%	$517.43	+21.8%	COM CL A	03831W108
MMM	3M CO	4,485 (+71.8%)	$718 (+77.3%)	0.0%	$133.95	+21.8%	COM	88579Y101
WMT	WALMART INC	15,494 (+11.6%)	$1,726 (+20.6%)	0.0%	$100.06	+7.1%	COM	931142103
XOM	EXXON MOBIL CORP	7,858 (+26.9%)	$946 (+35.4%)	0.0%	$110.93	+4.1%	COM	30231G102
TGTX	TG THERAPEUTICS INC	23,233 (+85.9%)	$693 (+53.4%)	0.0%	$30.95	+5.5%	COM	88322Q108
QCOM	QUALCOMM INC	5,403 (+24.0%)	$924 (+27.5%)	0.0%	$159.83	+6.9%	COM	747525103
PLTR	PALANTIR TECHNOLOGIES INC	9,741 (+15.2%)	$1,731 (+12.3%)	0.0%	$164.58	+10.0%	CL A	69608A108
ZBH	ZIMMER BIOMET HOLDINGS INC	4,500 (+94.5%)	$405 (+77.5%)	0.0%	$96.64	-2.1%	COM	98956P102
AXP	AMERICAN EXPRESS CO	1,065 (+63.8%)	$392 (+81.7%)	0.0%	$332.30	+7.4%	COM	025816109
INTU	INTUIT	1,468 (+25.4%)	$972 (+21.6%)	0.0%	$707.56	-6.6%	COM	461202103
GE	GE AEROSPACE	1,950 (+36.3%)	$601 (+39.5%)	0.0%	$280.17	+7.4%	COM NEW	369604301
NOW	SERVICENOW INC	5,929 (+637.4%)	$908 (+22.8%)	0.0%	$173.61	-1.2%	COM	81762P102
CHWY	CHEWY INC	15,120 (+83.7%)	$500 (+50.1%)	0.0%	$31.74	+9.4%	CL A	16679L109
MA	MASTERCARD INCORPORATED	1,695 (+14.3%)	$968 (+14.7%)	0.0%	$571.65	-2.2%	CL A	57636Q104
UBER	UBER TECHNOLOGIES INC	4,427 (+65.2%)	$362 (+37.8%)	0.0%	$92.15	-2.3%	COM	90353T100
IDXX	IDEXX LABS INC	584 (+21.7%)	$395 (+28.8%)	0.0%	$620.16	+9.8%	COM	45168D104
ALNY	ALNYLAM PHARMACEUTICALS INC	1,109 (+43.3%)	$441 (+24.9%)	0.0%	$417.88	+5.9%	COM	02043Q107
NET	CLOUDFLARE INC	1,873 (+42.4%)	$369 (+30.9%)	0.0%	$206.35	+2.5%	CL A COM	18915M107
CDNS	CADENCE DESIGN SYSTEM INC	1,490 (+35.0%)	$466 (+20.1%)	0.0%	$339.44	-3.9%	COM	127387108
DELL	DELL TECHNOLOGIES INC	3,712 (+35.1%)	$467 (+20.0%)	0.0%	$132.18	+6.5%	CL C	24703L202
FTNT	FORTINET INC	4,059 (+37.5%)	$322 (+29.8%)	0.0%	$87.52	-5.2%	COM	34959E109
EA	ELECTRONIC ARTS INC	1,296 (+30.3%)	$265 (+31.9%)	0.0%	$173.72	+16.1%	COM	285512109
ADSK	AUTODESK INC	1,148 (+32.3%)	$340 (+23.2%)	0.0%	$304.20	-0.5%	COM	052769106
KO	COCA COLA CO	4,453 (+19.1%)	$311 (+25.5%)	0.0%	$68.16	+1.8%	COM	191216100
BKNG	BOOKING HOLDINGS INC	57 (+26.7%)	$305 (+25.6%)	0.0%	$5473.97	-6.1%	COM	09857L108
HD	HOME DEPOT INC	1,160 (+33.5%)	$399 (+13.4%)	0.0%	$383.00	-4.8%	COM	437076102
GEV	GE VERNOVA INC	418 (+8.3%)	$273 (+15.1%)	0.0%	$605.79	+0.5%	COM	36828A101
MSI	MOTOROLA SOLUTIONS INC	884 (+33.1%)	$339 (+11.6%)	0.0%	$436.50	-8.2%	COM NEW	620076307
AGL	AGILON HEALTH INC	218,810 (+92.0%)	$151 (+28.4%)	0.0%	$2.98	-73.9%	COM	00857U107
PM	PHILIP MORRIS INTL INC	1,516 (+15.7%)	$243 (+14.4%)	0.0%	$148.20	+3.6%	COM	718172109
SPOT	SPOTIFY TECHNOLOGY S A	1,042 (+26.6%)	$605 (+5.3%)	0.0%	$683.66	-8.6%	SHS	L8681T102
WDAY	WORKDAY INC	1,375 (+21.3%)	$295 (+8.2%)	0.0%	$230.52	-1.4%	CL A	98138H101
QVCGA	QVC GROUP INC	16,696 (+39.1%)	$175 (+7.9%)	0.0%	$7.19	+51.4%	COM SER A NEW	74915M605

Exited Positions (24)

GLD SPDR GOLD TR 7.4%

Value ($000) $451,161 Shares 1,267,200 Est. Cost — Unrealized —

FOXY SIMPLIFY EXCHANGE TRADED FUN 0.2%

Value ($000) $9,303 Shares 337,443 Est. Cost $27.14 Unrealized —

SBAR SIMPLIFY EXCHANGE TRADED FUN 0.1%

Value ($000) $7,174 Shares 273,188 Est. Cost $26.22 Unrealized —

— AKERO THERAPEUTICS INC 0.1%

Value ($000) $6,914 Shares 145,609 Est. Cost $28.46 Unrealized —

TSLL DIREXION SHS ETF TR 0.1%

Value ($000) $6,359 Shares 301,237 Est. Cost $21.11 Unrealized —

ARQT ARCUTIS BIOTHERAPEUTICS INC 0.1%

Value ($000) $5,994 Shares 317,997 Est. Cost $10.96 Unrealized +133.6%

EYE NATIONAL VISION HLDGS INC 0.1%

Value ($000) $5,775 Shares 197,840 Est. Cost $17.05 Unrealized +57.8%

— MERUS N V 0.1%

Value ($000) $3,137 Shares 33,314 Est. Cost $94.15 Unrealized —

— APPLIED THERAPEUTICS INC 0.0%

Value ($000) $2,714 Shares 4,487,505 Est. Cost $1.24 Unrealized —

COR CENCORA INC 0.0%

Value ($000) $2,315 Shares 7,406 Est. Cost $286.82 Unrealized +18.8%

TYA SIMPLIFY EXCHANGE TRADED FUN 0.0%

Value ($000) $2,156 Shares 158,400 Est. Cost $14.36 Unrealized —

MSOS ADVISORSHARES TR 0.0%

Value ($000) $2,129 Shares 444,428 Est. Cost $4.79 Unrealized —

CAH CARDINAL HEALTH INC 0.0%

Value ($000) $1,912 Shares 12,223 Est. Cost $124.57 Unrealized +50.7%

WGS GENEDX HOLDINGS CORP 0.0%

Value ($000) $1,684 Shares 15,629 Est. Cost $78.50 Unrealized +74.8%

TCRX TSCAN THERAPEUTICS INC 0.0%

Value ($000) $1,647 Shares 904,972 Est. Cost $2.52 Unrealized -42.6%

JSPR JASPER THERAPEUTICS INC 0.0%

Value ($000) $1,450 Shares 609,053 Est. Cost $3.03 Unrealized -33.8%

RVTY REVVITY INC 0.0%

Value ($000) $1,439 Shares 16,418 Est. Cost $104.05 Unrealized -7.7%

RFIX SIMPLIFY EXCHANGE TRADED FUN 0.0%

Value ($000) $1,409 Shares 33,000 Est. Cost $42.71 Unrealized —

LGND LIGAND PHARMACEUTICALS INC 0.0%

Value ($000) $1,202 Shares 6,786 Est. Cost $117.36 Unrealized +63.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $1,038 Shares 2,064 Est. Cost $484.36 Unrealized +2.7%

ADBE ADOBE INC 0.0%

Value ($000) $606 Shares 1,717 Est. Cost $358.75 Unrealized -5.2%

SNPS SYNOPSYS INC 0.0%

Value ($000) $535 Shares 1,085 Est. Cost $565.30 Unrealized -21.4%

TWO TWO HBRS INVT CORP 0.0%

Value ($000) $526 Shares 53,250 Est. Cost $12.26 Unrealized —

LIVN LIVANOVA PLC 0.0%

Value ($000) $508 Shares 9,691 Est. Cost $49.66 Unrealized +15.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	1,267,200	$451,161	7.4%	—	—	PUT	78463V107
FOXY	SIMPLIFY EXCHANGE TRADED FUN	337,443	$9,303	0.2%	$27.14	—	—	82889N368
SBAR	SIMPLIFY EXCHANGE TRADED FUN	273,188	$7,174	0.1%	$26.22	—	—	82889N335
—	AKERO THERAPEUTICS INC	145,609	$6,914	0.1%	$28.46	—	—	00973Y108
TSLL	DIREXION SHS ETF TR	301,237	$6,359	0.1%	$21.11	—	—	25460G286
ARQT	ARCUTIS BIOTHERAPEUTICS INC	317,997	$5,994	0.1%	$10.96	+133.6%	—	03969K108
EYE	NATIONAL VISION HLDGS INC	197,840	$5,775	0.1%	$17.05	+57.8%	—	63845R107
—	MERUS N V	33,314	$3,137	0.1%	$94.15	—	—	N5749R100
—	APPLIED THERAPEUTICS INC	4,487,505	$2,714	0.0%	$1.24	—	—	03828A101
COR	CENCORA INC	7,406	$2,315	0.0%	$286.82	+18.8%	—	03073E105
TYA	SIMPLIFY EXCHANGE TRADED FUN	158,400	$2,156	0.0%	$14.36	—	—	82889N798
MSOS	ADVISORSHARES TR	444,428	$2,129	0.0%	$4.79	—	—	00768Y453
CAH	CARDINAL HEALTH INC	12,223	$1,912	0.0%	$124.57	+50.7%	—	14149Y108
WGS	GENEDX HOLDINGS CORP	15,629	$1,684	0.0%	$78.50	+74.8%	—	81663L200
TCRX	TSCAN THERAPEUTICS INC	904,972	$1,647	0.0%	$2.52	-42.6%	—	89854M101
JSPR	JASPER THERAPEUTICS INC	609,053	$1,450	0.0%	$3.03	-33.8%	—	471871202
RVTY	REVVITY INC	16,418	$1,439	0.0%	$104.05	-7.7%	—	714046109
RFIX	SIMPLIFY EXCHANGE TRADED FUN	33,000	$1,409	0.0%	$42.71	—	—	82889N376
LGND	LIGAND PHARMACEUTICALS INC	6,786	$1,202	0.0%	$117.36	+63.7%	—	53220K504
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,064	$1,038	0.0%	$484.36	+2.7%	—	084670702
ADBE	ADOBE INC	1,717	$606	0.0%	$358.75	-5.2%	—	00724F101
SNPS	SYNOPSYS INC	1,085	$535	0.0%	$565.30	-21.4%	—	871607107
TWO	TWO HBRS INVT CORP	53,250	$526	0.0%	$12.26	—	—	90187B804
LIVN	LIVANOVA PLC	9,691	$508	0.0%	$49.66	+15.1%	—	G5509L101

Decreased Positions (17)

AGGH SIMPLIFY EXCHANGE TRADED FUN 0.6%

Value ($000) $38,484 (-50.0%) Shares 1,859,127 (-50.0%) Est. Cost $21.76 Unrealized —

QIS SIMPLIFY EXCHANGE TRADED FUN 0.9%

Value ($000) $56,064 (-36.8%) Shares 3,777,620 (-18.4%) Est. Cost $22.65 Unrealized —

XV SIMPLIFY EXCHANGE TRADED FUN 0.3%

Value ($000) $15,841 (-38.9%) Shares 624,406 (-35.9%) Est. Cost $26.63 Unrealized —

TSLA TESLA INC 0.1%

Value ($000) $5,776 (-46.7%) Shares 12,843 (-47.3%) Est. Cost $305.97 Unrealized +44.9%

NBIX NEUROCRINE BIOSCIENCES INC 0.0%

Value ($000) $483 (-90.6%) Shares 3,404 (-90.7%) Est. Cost $119.91 Unrealized +20.8%

MLYS MINERALYS THERAPEUTICS INC 0.1%

Value ($000) $4,144 (-50.0%) Shares 114,182 (-47.8%) Est. Cost $21.63 Unrealized +85.4%

NKTR NEKTAR THERAPEUTICS 0.0%

Value ($000) $1,184 (-76.1%) Shares 28,000 (-67.9%) Est. Cost $20.06 Unrealized +179.0%

ABBV ABBVIE INC 0.1%

Value ($000) $5,433 (-36.4%) Shares 23,777 (-35.5%) Est. Cost $195.69 Unrealized +16.3%

ABVX ABIVAX SA 0.0%

Value ($000) $2,286 (-56.2%) Shares 16,953 (-72.4%) Est. Cost $84.90 Unrealized —

HODL VANECK BITCOIN ETF 0.1%

Value ($000) $4,771 (-37.3%) Shares 192,930 (-17.9%) Est. Cost $26.97 Unrealized —

MIST MILESTONE PHARMACEUTICALS IN 0.0%

Value ($000) $3,043 (-46.3%) Shares 1,506,405 (-46.8%) Est. Cost $1.81 Unrealized +19.2%

GILD GILEAD SCIENCES INC 0.1%

Value ($000) $4,600 (-31.1%) Shares 37,479 (-37.7%) Est. Cost $94.28 Unrealized +28.2%

GH GUARDANT HEALTH INC 0.0%

Value ($000) $3,021 (+55.5%) Shares 29,581 (-4.9%) Est. Cost $46.06 Unrealized +94.2%

ZVRA ZEVRA THERAPEUTICS INC 0.0%

Value ($000) $380 (-72.8%) Shares 42,365 (-71.2%) Est. Cost $7.02 Unrealized +34.6%

CVS CVS HEALTH CORP 0.1%

Value ($000) $5,882 (-8.1%) Shares 74,124 (-12.7%) Est. Cost $64.68 Unrealized +21.6%

ABEO ABEONA THERAPEUTICS INC 0.0%

Value ($000) $2,637 (-11.6%) Shares 500,342 (-11.4%) Est. Cost $5.27 Unrealized -4.5%

RITM RITHM CAPITAL CORP 0.0%

Value ($000) $1,271 (-19.7%) Shares 116,593 (-17.9%) Est. Cost $11.08 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGGH	SIMPLIFY EXCHANGE TRADED FUN	1,859,127 (-50.0%)	$38,484 (-50.0%)	0.6%	$21.76	—	AGGREGATE BOND E	82889N723
QIS	SIMPLIFY EXCHANGE TRADED FUN	3,777,620 (-18.4%)	$56,064 (-36.8%)	0.9%	$22.65	—	MULTI QIS ALTERN	82889N533
XV	SIMPLIFY EXCHANGE TRADED FUN	624,406 (-35.9%)	$15,841 (-38.9%)	0.3%	$26.63	—	TARGET 15 DISTRI	82889N350
TSLA	TESLA INC	12,843 (-47.3%)	$5,776 (-46.7%)	0.1%	$305.97	+44.9%	COM	88160R101
NBIX	NEUROCRINE BIOSCIENCES INC	3,404 (-90.7%)	$483 (-90.6%)	0.0%	$119.91	+20.8%	COM	64125C109
MLYS	MINERALYS THERAPEUTICS INC	114,182 (-47.8%)	$4,144 (-50.0%)	0.1%	$21.63	+85.4%	COM	603170101
NKTR	NEKTAR THERAPEUTICS	28,000 (-67.9%)	$1,184 (-76.1%)	0.0%	$20.06	+179.0%	COM NEW	640268306
ABBV	ABBVIE INC	23,777 (-35.5%)	$5,433 (-36.4%)	0.1%	$195.69	+16.3%	COM	00287Y109
ABVX	ABIVAX SA	16,953 (-72.4%)	$2,286 (-56.2%)	0.0%	$84.90	—	SPONSORED ADS	00370M103
HODL	VANECK BITCOIN ETF	192,930 (-17.9%)	$4,771 (-37.3%)	0.1%	$26.97	—	SH BEN INT	92189K105
MIST	MILESTONE PHARMACEUTICALS IN	1,506,405 (-46.8%)	$3,043 (-46.3%)	0.0%	$1.81	+19.2%	COM	59935V107
GILD	GILEAD SCIENCES INC	37,479 (-37.7%)	$4,600 (-31.1%)	0.1%	$94.28	+28.2%	COM	375558103
GH	GUARDANT HEALTH INC	29,581 (-4.9%)	$3,021 (+55.5%)	0.0%	$46.06	+94.2%	COM	40131M109
ZVRA	ZEVRA THERAPEUTICS INC	42,365 (-71.2%)	$380 (-72.8%)	0.0%	$7.02	+34.6%	COM NEW	488445206
CVS	CVS HEALTH CORP	74,124 (-12.7%)	$5,882 (-8.1%)	0.1%	$64.68	+21.6%	COM	126650100
ABEO	ABEONA THERAPEUTICS INC	500,342 (-11.4%)	$2,637 (-11.6%)	0.0%	$5.27	-4.5%	COM NEW	00289Y206
RITM	RITHM CAPITAL CORP	116,593 (-17.9%)	$1,271 (-19.7%)	0.0%	$11.08	—	COM NEW	64828T201

Unchanged Positions (13)

SPUC SIMPLIFY EXCHANGE TRADED FUN 1.2%

Value ($000) $76,176 Shares 1,634,812 Est. Cost $38.15 Unrealized —

ACHV ACHIEVE LIFE SCIENCES INC 0.1%

Value ($000) $5,887 Shares 1,184,512 Est. Cost $3.14 Unrealized +38.8%

PHAT PHATHOM PHARMACEUTICALS INC 0.1%

Value ($000) $5,341 Shares 321,935 Est. Cost $8.58 Unrealized +66.4%

AGG ISHARES TR 4.6%

Value ($000) $279,677 Shares 2,800,131 Est. Cost $97.58 Unrealized —

PAGP PLAINS GP HLDGS L P 0.4%

Value ($000) $24,353 Shares 1,272,360 Est. Cost $13.84 Unrealized —

LONA ATHIRA PHARMA INC 0.0%

Value ($000) $1,130 Shares 149,279 Est. Cost $3.92 Unrealized +16.7%

NMB SIMPLIFY EXCHANGE TRADED FUN 0.6%

Value ($000) $38,850 Shares 1,553,376 Est. Cost $25.21 Unrealized —

CMPS COMPASS PATHWAYS PLC 0.0%

Value ($000) $2,001 Shares 290,000 Est. Cost $5.73 Unrealized —

DCTH DELCATH SYS INC 0.0%

Value ($000) $2,637 Shares 261,126 Est. Cost $12.19 Unrealized -18.4%

NXTI SIMPLIFY EXCHANGE TRADED FUN 0.4%

Value ($000) $26,742 Shares 822,303 Est. Cost $32.49 Unrealized —

CLDX CELLDEX THERAPEUTICS INC NEW 0.0%

Value ($000) $2,309 Shares 85,000 Est. Cost $23.17 Unrealized +13.7%

LITL SIMPLIFY EXCHANGE TRADED FUN 0.0%

Value ($000) $2,701 Shares 91,464 Est. Cost $27.67 Unrealized —

CIM CHIMERA INVT CORP 0.0%

Value ($000) $634 Shares 51,025 Est. Cost $13.51 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPUC	SIMPLIFY EXCHANGE TRADED FUN	1,634,812	$76,176	1.2%	$38.15	—	US EQT PLS UPSID	82889N301
ACHV	ACHIEVE LIFE SCIENCES INC	1,184,512	$5,887	0.1%	$3.14	+38.8%	COM	004468500
PHAT	PHATHOM PHARMACEUTICALS INC	321,935	$5,341	0.1%	$8.58	+66.4%	COM	71722W107
AGG	ISHARES TR	2,800,131	$279,677	4.6%	$97.58	—	CORE US AGGBD ET	464287226
PAGP	PLAINS GP HLDGS L P	1,272,360	$24,353	0.4%	$13.84	—	LTD PARTNR INT A	72651A207
LONA	ATHIRA PHARMA INC	149,279	$1,130	0.0%	$3.92	+16.7%	COM	04746L203
NMB	SIMPLIFY EXCHANGE TRADED FUN	1,553,376	$38,850	0.6%	$25.21	—	NATL MUNI BD ETF	82889N442
CMPS	COMPASS PATHWAYS PLC	290,000	$2,001	0.0%	$5.73	—	SPONSORED ADS	20451W101
DCTH	DELCATH SYS INC	261,126	$2,637	0.0%	$12.19	-18.4%	COM NEW	24661P807
NXTI	SIMPLIFY EXCHANGE TRADED FUN	822,303	$26,742	0.4%	$32.49	—	NEXT INTANGIBLE	82889N475
CLDX	CELLDEX THERAPEUTICS INC NEW	85,000	$2,309	0.0%	$23.17	+13.7%	COM NEW	15117B202
LITL	SIMPLIFY EXCHANGE TRADED FUN	91,464	$2,701	0.0%	$27.67	—	PIPER SANDLER US	82889N327
CIM	CHIMERA INVT CORP	51,025	$634	0.0%	$13.51	—	COM SHS	16934Q802