Ewing Morris & Co. Investment Partners Ltd. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	MARRIOTT VACATIONS WORLDWIDE	2,500,000	$2,415	1.1%	$0.97	—	NOTE 3.250%12/1	57164YAF4
TPR	TAPESTRY INC	9,710	$1,256	0.5%	$114.03	0.0%	COM	876030107
LRCX	LAM RESEARCH CORP	6,834	$1,184	0.5%	$155.36	0.0%	COM NEW	512807306
ATI	ATI INC	3,800	$441	0.2%	$97.45	0.0%	COM	01741R102
BL	BLACKLINE INC	7,500	$420	0.2%	$55.08	0.0%	COM	09239B109
EXPE	EXPEDIA GROUP INC	7,000	$368	0.2%	$246.88	0.0%	COM NEW	30212P303
XBI	SPDR SERIES TRUST	2,730	$337	0.1%	$123.42	—	STATE STREET SPD	78464A870
INDA	ISHARES TR	5,900	$323	0.1%	$54.76	—	MSCI INDIA ETF	46429B598
TFII	TFI INTL INC	2,361	$249	0.1%	$93.07	0.0%	COM	87241L109
ROBN	ETF OPPORTUNITIES TRUST	4,400	$241	0.1%	$54.80	—	T REX 2X LONG HO	26923N389

Increased Positions (28)

— RAPID7 INC 3.4%

Value ($000) $7,897 (+87.4%) Shares 8,350,000 (+81.5%) Est. Cost $1.16 Unrealized —

IQLT ISHARES TR 3.3%

Value ($000) $7,604 (+23.0%) Shares 165,275 (+18.1%) Est. Cost $42.42 Unrealized —

IVV ISHARES TR 4.1%

Value ($000) $9,406 (+15.6%) Shares 13,567 (+11.6%) Est. Cost $646.39 Unrealized —

— EVOLENT HEALTH INC 3.1%

Value ($000) $7,204 (-12.2%) Shares 10,500,000 (+5.0%) Est. Cost $0.84 Unrealized —

TRIP TRIPADVISOR INC 0.6%

Value ($000) $1,472 (+204.9%) Shares 99,900 (+236.4%) Est. Cost $14.67 Unrealized +3.7%

— BANDWIDTH INC 4.7%

Value ($000) $10,880 (+9.2%) Shares 12,200,000 (+5.2%) Est. Cost $0.66 Unrealized —

ASTL ALGOMA STL GROUP INC 1.1%

Value ($000) $2,556 (+46.9%) Shares 612,500 (+25.0%) Est. Cost $6.25 Unrealized -36.3%

SNDL SNDL INC 0.8%

Value ($000) $1,754 (-31.2%) Shares 1,051,222 (+10.5%) Est. Cost $2.01 Unrealized -0.0%

RGLD ROYAL GOLD INC 0.5%

Value ($000) $1,258 (+115.1%) Shares 5,590 (+91.8%) Est. Cost $185.12 Unrealized +7.2%

GSHD GOOSEHEAD INS INC 2.8%

Value ($000) $6,462 (+10.8%) Shares 86,683 (+10.6%) Est. Cost $78.31 Unrealized -9.0%

SANG SANGOMA TECHNOLOGIES CORP 1.1%

Value ($000) $2,513 (+31.8%) Shares 493,954 (+28.6%) Est. Cost $5.96 Unrealized -14.5%

FSV FIRSTSERVICE CORP NEW 0.7%

Value ($000) $1,578 (+61.3%) Shares 10,000 (+95.1%) Est. Cost $173.50 Unrealized -6.4%

AAPL APPLE INC 0.4%

Value ($000) $939 (+108.0%) Shares 3,413 (+92.5%) Est. Cost $247.45 Unrealized +8.4%

CRON CRONOS GROUP INC 0.5%

Value ($000) $1,037 (+56.1%) Shares 390,000 (+62.5%) Est. Cost $2.44 Unrealized +5.9%

QQQ INVESCO QQQ TR 2.1%

Value ($000) $4,795 (+6.8%) Shares 7,711 (+3.2%) Est. Cost $568.32 Unrealized —

OR OR ROYALTIES INC. 0.2%

Value ($000) $523 (+89.3%) Shares 14,550 (+111.3%) Est. Cost $33.23 Unrealized +5.5%

GDX VANECK ETF TRUST 0.2%

Value ($000) $399 (+68.6%) Shares 4,600 (+48.4%) Est. Cost $79.80 Unrealized —

ZD ZIFF DAVIS INC 1.1%

Value ($000) $2,428 (+7.1%) Shares 68,248 (+14.6%) Est. Cost $56.65 Unrealized -38.5%

CP CANADIAN PACIFIC KANSAS CITY 0.2%

Value ($000) $569 (+32.3%) Shares 7,612 (+32.0%) Est. Cost $75.18 Unrealized -2.1%

TRI THOMSON REUTERS CORP 0.2%

Value ($000) $542 (+21.6%) Shares 4,055 (+41.2%) Est. Cost $169.48 Unrealized -16.7%

TRP TC ENERGY CORP 1.0%

Value ($000) $2,203 (+4.4%) Shares 39,040 (+1.8%) Est. Cost $45.73 Unrealized +16.7%

— STRATEGY INC 0.3%

Value ($000) $757 (-10.7%) Shares 9,492 (+2.7%) Est. Cost $118.87 Unrealized —

USMV ISHARES TR 0.3%

Value ($000) $661 (+15.7%) Shares 6,930 (+15.5%) Est. Cost $90.47 Unrealized —

ITA ISHARES TR 0.5%

Value ($000) $1,190 (+6.1%) Shares 5,474 (+2.1%) Est. Cost $209.17 Unrealized —

ALM ALMONTY INDS INC 0.1%

Value ($000) $151 (+76.5%) Shares 16,991 (+19.5%) Est. Cost $5.21 Unrealized +41.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.3%

Value ($000) $765 (+7.7%) Shares 1,503 (+6.4%) Est. Cost $493.52 Unrealized +0.8%

SU SUNCOR ENERGY INC NEW 0.1%

Value ($000) $314 (+8.8%) Shares 6,985 (+1.3%) Est. Cost $37.51 Unrealized +12.7%

SLF SUN LIFE FINANCIAL INC. 0.1%

Value ($000) $261 (+6.9%) Shares 4,121 (+1.5%) Est. Cost $57.05 Unrealized +5.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	RAPID7 INC	8,350,000 (+81.5%)	$7,897 (+87.4%)	3.4%	$1.16	—	NOTE 1.250% 3/1	753422AH7
IQLT	ISHARES TR	165,275 (+18.1%)	$7,604 (+23.0%)	3.3%	$42.42	—	MSCI INTL QUALTY	46434V456
IVV	ISHARES TR	13,567 (+11.6%)	$9,406 (+15.6%)	4.1%	$646.39	—	CORE S&P500 ETF	464287200
—	EVOLENT HEALTH INC	10,500,000 (+5.0%)	$7,204 (-12.2%)	3.1%	$0.84	—	NOTE 3.500%12/0	30050BAH4
TRIP	TRIPADVISOR INC	99,900 (+236.4%)	$1,472 (+204.9%)	0.6%	$14.67	+3.7%	COM	896945201
—	BANDWIDTH INC	12,200,000 (+5.2%)	$10,880 (+9.2%)	4.7%	$0.66	—	NOTE 0.500% 4/0	05988JAD5
ASTL	ALGOMA STL GROUP INC	612,500 (+25.0%)	$2,556 (+46.9%)	1.1%	$6.25	-36.3%	COM	015658107
SNDL	SNDL INC	1,051,222 (+10.5%)	$1,754 (-31.2%)	0.8%	$2.01	-0.0%	COM	83307B101
RGLD	ROYAL GOLD INC	5,590 (+91.8%)	$1,258 (+115.1%)	0.5%	$185.12	+7.2%	COM	780287108
GSHD	GOOSEHEAD INS INC	86,683 (+10.6%)	$6,462 (+10.8%)	2.8%	$78.31	-9.0%	COM CL A	38267D109
SANG	SANGOMA TECHNOLOGIES CORP	493,954 (+28.6%)	$2,513 (+31.8%)	1.1%	$5.96	-14.5%	COM NEW	80100R408
FSV	FIRSTSERVICE CORP NEW	10,000 (+95.1%)	$1,578 (+61.3%)	0.7%	$173.50	-6.4%	COM	33767E202
AAPL	APPLE INC	3,413 (+92.5%)	$939 (+108.0%)	0.4%	$247.45	+8.4%	COM	037833100
CRON	CRONOS GROUP INC	390,000 (+62.5%)	$1,037 (+56.1%)	0.5%	$2.44	+5.9%	COM	22717L101
QQQ	INVESCO QQQ TR	7,711 (+3.2%)	$4,795 (+6.8%)	2.1%	$568.32	—	UNIT SER 1	46090E103
OR	OR ROYALTIES INC.	14,550 (+111.3%)	$523 (+89.3%)	0.2%	$33.23	+5.5%	COM SHS	68390D106
GDX	VANECK ETF TRUST	4,600 (+48.4%)	$399 (+68.6%)	0.2%	$79.80	—	GOLD MINERS ETF	92189F106
ZD	ZIFF DAVIS INC	68,248 (+14.6%)	$2,428 (+7.1%)	1.1%	$56.65	-38.5%	COM	48123V102
CP	CANADIAN PACIFIC KANSAS CITY	7,612 (+32.0%)	$569 (+32.3%)	0.2%	$75.18	-2.1%	COM	13646K108
TRI	THOMSON REUTERS CORP	4,055 (+41.2%)	$542 (+21.6%)	0.2%	$169.48	-16.7%	COM	884903808
TRP	TC ENERGY CORP	39,040 (+1.8%)	$2,203 (+4.4%)	1.0%	$45.73	+16.7%	COM	87807B107
—	STRATEGY INC	9,492 (+2.7%)	$757 (-10.7%)	0.3%	$118.87	—	SERIES A PERP PF	594972887
USMV	ISHARES TR	6,930 (+15.5%)	$661 (+15.7%)	0.3%	$90.47	—	MSCI USA MIN VOL	46429B697
ITA	ISHARES TR	5,474 (+2.1%)	$1,190 (+6.1%)	0.5%	$209.17	—	US AER DEF ETF	464288760
ALM	ALMONTY INDS INC	16,991 (+19.5%)	$151 (+76.5%)	0.1%	$5.21	+41.0%	COM NEW	020398707
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,503 (+6.4%)	$765 (+7.7%)	0.3%	$493.52	+0.8%	CL B NEW	084670702
SU	SUNCOR ENERGY INC NEW	6,985 (+1.3%)	$314 (+8.8%)	0.1%	$37.51	+12.7%	COM	867224107
SLF	SUN LIFE FINANCIAL INC.	4,121 (+1.5%)	$261 (+6.9%)	0.1%	$57.05	+5.9%	COM	866796105

Exited Positions (13)

— RAPID7 INC 2.6%

Value ($000) $5,930 Shares 6,302,000 Est. Cost $1.24 Unrealized —

— ZIFF DAVIS INC 1.7%

Value ($000) $3,876 Shares 4,000,000 Est. Cost $0.95 Unrealized —

— SNAP INC 1.6%

Value ($000) $3,581 Shares 4,000,000 Est. Cost $0.94 Unrealized —

HOOD ROBINHOOD MKTS INC 1.0%

Value ($000) $2,206 Shares 15,409 Est. Cost $109.05 Unrealized +19.3%

GE GE AEROSPACE 0.5%

Value ($000) $1,199 Shares 3,982 Est. Cost $272.69 Unrealized +10.3%

IWM ISHARES TR 0.5%

Value ($000) $1,179 Shares 4,873 Est. Cost $241.96 Unrealized —

ACB AURORA CANNABIS INC 0.5%

Value ($000) $1,045 Shares 175,000 Est. Cost $4.88 Unrealized +0.1%

TLN TALEN ENERGY CORP 0.2%

Value ($000) $372 Shares 875 Est. Cost $361.29 Unrealized +7.6%

NFLX NETFLIX INC 0.1%

Value ($000) $249 Shares 208 Est. Cost $95.10 Unrealized +13.4%

BK BANK NEW YORK MELLON CORP 0.1%

Value ($000) $240 Shares 2,200 Est. Cost $101.35 Unrealized +9.0%

APH AMPHENOL CORP NEW 0.1%

Value ($000) $235 Shares 1,900 Est. Cost $81.39 Unrealized +64.1%

EME EMCOR GROUP INC 0.1%

Value ($000) $227 Shares 350 Est. Cost $606.37 Unrealized +6.8%

BCE BCE INC 0.1%

Value ($000) $217 Shares 9,162 Est. Cost $23.52 Unrealized -2.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	RAPID7 INC	6,302,000	$5,930	2.6%	$1.24	—	—	753422AF1
—	ZIFF DAVIS INC	4,000,000	$3,876	1.7%	$0.95	—	—	48123VAH5
—	SNAP INC	4,000,000	$3,581	1.6%	$0.94	—	—	83304AAH9
HOOD	ROBINHOOD MKTS INC	15,409	$2,206	1.0%	$109.05	+19.3%	—	770700102
GE	GE AEROSPACE	3,982	$1,199	0.5%	$272.69	+10.3%	—	369604301
IWM	ISHARES TR	4,873	$1,179	0.5%	$241.96	—	—	464287655
ACB	AURORA CANNABIS INC	175,000	$1,045	0.5%	$4.88	+0.1%	—	05156X850
TLN	TALEN ENERGY CORP	875	$372	0.2%	$361.29	+7.6%	—	87422Q109
NFLX	NETFLIX INC	208	$249	0.1%	$95.10	+13.4%	—	64110L106
BK	BANK NEW YORK MELLON CORP	2,200	$240	0.1%	$101.35	+9.0%	—	064058100
APH	AMPHENOL CORP NEW	1,900	$235	0.1%	$81.39	+64.1%	—	032095101
EME	EMCOR GROUP INC	350	$227	0.1%	$606.37	+6.8%	—	29084Q100
BCE	BCE INC	9,162	$217	0.1%	$23.52	-2.0%	—	05534B760

Decreased Positions (16)

GOGO GOGO INC 0.5%

Value ($000) $1,104 (-71.2%) Shares 234,052 (-47.6%) Est. Cost $11.45 Unrealized -36.0%

WMS ADVANCED DRAIN SYS INC DEL 1.0%

Value ($000) $2,180 (-43.6%) Shares 14,873 (-46.6%) Est. Cost $123.59 Unrealized +17.1%

IBIT ISHARES BITCOIN TRUST ETF 0.9%

Value ($000) $2,173 (-27.4%) Shares 43,235 (-6.1%) Est. Cost $54.49 Unrealized —

TD TORONTO DOMINION BK ONT 2.2%

Value ($000) $5,097 (+16.5%) Shares 53,357 (-2.5%) Est. Cost $56.10 Unrealized +50.5%

RY ROYAL BK CDA 2.2%

Value ($000) $5,117 (+15.8%) Shares 29,614 (-1.2%) Est. Cost $123.44 Unrealized +24.4%

GLD SPDR GOLD TR 2.8%

Value ($000) $6,330 (+10.4%) Shares 15,778 (-2.2%) Est. Cost $295.52 Unrealized —

MSFT MICROSOFT CORP 0.2%

Value ($000) $499 (-46.7%) Shares 1,019 (-43.6%) Est. Cost $421.51 Unrealized +18.8%

WPM WHEATON PRECIOUS METALS CORP 0.3%

Value ($000) $596 (-30.0%) Shares 5,000 (-34.2%) Est. Cost $70.56 Unrealized +51.8%

ENB ENBRIDGE INC 0.6%

Value ($000) $1,468 (-11.7%) Shares 30,259 (-8.1%) Est. Cost $40.12 Unrealized +17.4%

BNS BANK NOVA SCOTIA HALIFAX 0.7%

Value ($000) $1,702 (+12.4%) Shares 22,766 (-2.7%) Est. Cost $51.30 Unrealized +32.5%

CLS CELESTICA INC 0.4%

Value ($000) $922 (+12.7%) Shares 3,075 (-7.5%) Est. Cost $79.36 Unrealized +279.8%

SHY ISHARES TR 0.3%

Value ($000) $578 (-4.7%) Shares 6,892 (-5.7%) Est. Cost $82.59 Unrealized —

BMO BANK MONTREAL QUE 1.5%

Value ($000) $3,500 (-0.5%) Shares 26,588 (-1.4%) Est. Cost $91.23 Unrealized +38.8%

TSLA TESLA INC 1.0%

Value ($000) $2,221 (+0.7%) Shares 4,879 (-1.6%) Est. Cost $346.84 Unrealized +27.8%

VSTS VESTIS CORPORATION 0.1%

Value ($000) $135 (+10.4%) Shares 20,000 (-25.9%) Est. Cost $5.13 Unrealized +13.7%

IEF ISHARES TR 0.3%

Value ($000) $695 (-0.9%) Shares 7,137 (-1.8%) Est. Cost $126.92 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOGO	GOGO INC	234,052 (-47.6%)	$1,104 (-71.2%)	0.5%	$11.45	-36.0%	COM	38046C109
WMS	ADVANCED DRAIN SYS INC DEL	14,873 (-46.6%)	$2,180 (-43.6%)	1.0%	$123.59	+17.1%	COM	00790R104
IBIT	ISHARES BITCOIN TRUST ETF	43,235 (-6.1%)	$2,173 (-27.4%)	0.9%	$54.49	—	SHS BEN INT	46438F101
TD	TORONTO DOMINION BK ONT	53,357 (-2.5%)	$5,097 (+16.5%)	2.2%	$56.10	+50.5%	COM NEW	891160509
RY	ROYAL BK CDA	29,614 (-1.2%)	$5,117 (+15.8%)	2.2%	$123.44	+24.4%	COM	780087102
GLD	SPDR GOLD TR	15,778 (-2.2%)	$6,330 (+10.4%)	2.8%	$295.52	—	GOLD SHS	78463V107
MSFT	MICROSOFT CORP	1,019 (-43.6%)	$499 (-46.7%)	0.2%	$421.51	+18.8%	COM	594918104
WPM	WHEATON PRECIOUS METALS CORP	5,000 (-34.2%)	$596 (-30.0%)	0.3%	$70.56	+51.8%	COM	962879102
ENB	ENBRIDGE INC	30,259 (-8.1%)	$1,468 (-11.7%)	0.6%	$40.12	+17.4%	COM	29250N105
BNS	BANK NOVA SCOTIA HALIFAX	22,766 (-2.7%)	$1,702 (+12.4%)	0.7%	$51.30	+32.5%	COM	064149107
CLS	CELESTICA INC	3,075 (-7.5%)	$922 (+12.7%)	0.4%	$79.36	+279.8%	COM	15101Q207
SHY	ISHARES TR	6,892 (-5.7%)	$578 (-4.7%)	0.3%	$82.59	—	1 3 YR TREAS BD	464287457
BMO	BANK MONTREAL QUE	26,588 (-1.4%)	$3,500 (-0.5%)	1.5%	$91.23	+38.8%	COM	063671101
TSLA	TESLA INC	4,879 (-1.6%)	$2,221 (+0.7%)	1.0%	$346.84	+27.8%	COM	88160R101
VSTS	VESTIS CORPORATION	20,000 (-25.9%)	$135 (+10.4%)	0.1%	$5.13	+13.7%	COM SHS	29430C102
IEF	ISHARES TR	7,137 (-1.8%)	$695 (-0.9%)	0.3%	$126.92	—	7-10 YR TRSY BD	464287440

Unchanged Positions (37)

SRI STONERIDGE INC 2.9%

Value ($000) $6,560 Shares 1,336,204 Est. Cost $19.28 Unrealized -67.4%

EFXT ENERFLEX LTD 2.0%

Value ($000) $4,688 Shares 300,000 Est. Cost $8.70 Unrealized +52.9%

CMP COMPASS MINERALS INTL INC 13.2%

Value ($000) $30,361 Shares 1,678,316 Est. Cost $15.82 Unrealized +17.0%

MSTR STRATEGY INC 0.5%

Value ($000) $1,149 Shares 7,469 Est. Cost $314.25 Unrealized -26.7%

SWIM LATHAM GROUP INC 2.4%

Value ($000) $5,408 Shares 841,342 Est. Cost $4.89 Unrealized +43.2%

EVGO EVGO INC 0.5%

Value ($000) $1,237 Shares 420,000 Est. Cost $3.42 Unrealized +6.1%

LION LIONSGATE STUDIOS CORP 1.0%

Value ($000) $2,310 Shares 250,000 Est. Cost $6.43 Unrealized +10.6%

JBTM JBT MAREL CORPORATION 2.4%

Value ($000) $5,590 Shares 36,651 Est. Cost $117.64 Unrealized +19.8%

DRVN DRIVEN BRANDS HLDGS INC 2.5%

Value ($000) $5,733 Shares 382,167 Est. Cost $15.45 Unrealized -3.7%

— XOMETRY INC 2.3%

Value ($000) $5,258 Shares 4,100,000 Est. Cost $0.76 Unrealized —

HITI HIGH TIDE INC 0.3%

Value ($000) $650 Shares 240,000 Est. Cost $2.89 Unrealized +2.6%

GOOG ALPHABET INC 0.4%

Value ($000) $874 Shares 2,753 Est. Cost $174.33 Unrealized +64.2%

ORLA ORLA MNG LTD NEW 0.4%

Value ($000) $968 Shares 71,000 Est. Cost $4.83 Unrealized +151.5%

— FIVE9 INC 2.8%

Value ($000) $6,413 Shares 7,000,000 Est. Cost $1.03 Unrealized —

— BLACKLINE INC 2.3%

Value ($000) $5,377 Shares 5,000,000 Est. Cost $1.04 Unrealized —

— CABLE ONE INC 2.2%

Value ($000) $5,025 Shares 6,000,000 Est. Cost $0.77 Unrealized —

SLSR SOLARIS RES INC 0.3%

Value ($000) $708 Shares 87,100 Est. Cost $2.91 Unrealized +138.5%

SPXC SPX TECHNOLOGIES INC 0.8%

Value ($000) $1,744 Shares 8,612 Est. Cost $182.70 Unrealized —

FTS FORTIS INC 1.5%

Value ($000) $3,394 Shares 64,408 Est. Cost $42.31 Unrealized +20.1%

ZYME ZYMEWORKS INC 0.1%

Value ($000) $289 Shares 10,850 Est. Cost $14.31 Unrealized +52.4%

CNQ CANADIAN NAT RES LTD 0.6%

Value ($000) $1,319 Shares 37,951 Est. Cost $31.52 Unrealized +2.9%

CM CANADIAN IMPERIAL BANK OF CO 0.3%

Value ($000) $615 Shares 6,640 Est. Cost $60.76 Unrealized +41.2%

MTCH MATCH GROUP INC NEW 0.4%

Value ($000) $987 Shares 30,186 Est. Cost $32.11 Unrealized +2.3%

VFF VILLAGE FARMS INTL INC 0.2%

Value ($000) $516 Shares 139,736 Est. Cost $2.17 Unrealized +60.4%

SA SEABRIDGE GOLD INC 0.1%

Value ($000) $334 Shares 11,100 Est. Cost $15.41 Unrealized +70.7%

MFC MANULIFE FINL CORP 0.2%

Value ($000) $388 Shares 10,544 Est. Cost $30.21 Unrealized +12.3%

SPY SPDR S&P 500 ETF TR 0.5%

Value ($000) $1,248 Shares 1,803 Est. Cost $595.04 Unrealized —

ACWI ISHARES TR 0.5%

Value ($000) $1,146 Shares 8,000 Est. Cost $117.50 Unrealized —

FUL FULLER H B CO 1.1%

Value ($000) $2,408 Shares 40,000 Est. Cost $59.56 Unrealized -1.8%

AMZN AMAZON COM INC 0.2%

Value ($000) $536 Shares 2,293 Est. Cost $204.14 Unrealized +12.1%

— ETSY INC 0.8%

Value ($000) $1,811 Shares 2,000,000 Est. Cost $0.86 Unrealized —

CNI CANADIAN NATL RY CO 0.2%

Value ($000) $452 Shares 4,507 Est. Cost $103.21 Unrealized -6.8%

BIP BROOKFIELD INFRAST PARTNERS 0.2%

Value ($000) $409 Shares 11,626 Est. Cost $33.11 Unrealized —

JPM JPMORGAN CHASE & CO. 0.2%

Value ($000) $533 Shares 1,635 Est. Cost $228.76 Unrealized +35.3%

STIP ISHARES TR 1.1%

Value ($000) $2,444 Shares 23,578 Est. Cost $125.95 Unrealized —

V VISA INC 0.2%

Value ($000) $394 Shares 1,111 Est. Cost $304.63 Unrealized +11.7%

EMA EMERA INC 0.1%

Value ($000) $286 Shares 5,725 Est. Cost $43.35 Unrealized +11.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SRI	STONERIDGE INC	1,336,204	$6,560	2.9%	$19.28	-67.4%	COM	86183P102
EFXT	ENERFLEX LTD	300,000	$4,688	2.0%	$8.70	+52.9%	COM	29269R105
CMP	COMPASS MINERALS INTL INC	1,678,316	$30,361	13.2%	$15.82	+17.0%	COM	20451N101
MSTR	STRATEGY INC	7,469	$1,149	0.5%	$314.25	-26.7%	CL A NEW	594972408
SWIM	LATHAM GROUP INC	841,342	$5,408	2.4%	$4.89	+43.2%	COM	51819L107
EVGO	EVGO INC	420,000	$1,237	0.5%	$3.42	+6.1%	CL A COM	30052F100
LION	LIONSGATE STUDIOS CORP	250,000	$2,310	1.0%	$6.43	+10.6%	COM	53626N102
JBTM	JBT MAREL CORPORATION	36,651	$5,590	2.4%	$117.64	+19.8%	COM	477839104
DRVN	DRIVEN BRANDS HLDGS INC	382,167	$5,733	2.5%	$15.45	-3.7%	COM	26210V102
—	XOMETRY INC	4,100,000	$5,258	2.3%	$0.76	—	NOTE 1.000% 2/0	98423FAB5
HITI	HIGH TIDE INC	240,000	$650	0.3%	$2.89	+2.6%	COM NEW	42981E401
GOOG	ALPHABET INC	2,753	$874	0.4%	$174.33	+64.2%	CAP STK CL C	02079K107
ORLA	ORLA MNG LTD NEW	71,000	$968	0.4%	$4.83	+151.5%	COM	68634K106
—	FIVE9 INC	7,000,000	$6,413	2.8%	$1.03	—	NOTE 1.000% 3/1	338307AF8
—	BLACKLINE INC	5,000,000	$5,377	2.3%	$1.04	—	NOTE 1.000% 6/0	09239BAF6
—	CABLE ONE INC	6,000,000	$5,025	2.2%	$0.77	—	NOTE 1.125% 3/1	12685JAG0
SLSR	SOLARIS RES INC	87,100	$708	0.3%	$2.91	+138.5%	COM NEW	83419D201
SPXC	SPX TECHNOLOGIES INC	8,612	$1,744	0.8%	$182.70	—	COM	78473E103
FTS	FORTIS INC	64,408	$3,394	1.5%	$42.31	+20.1%	COM	349553107
ZYME	ZYMEWORKS INC	10,850	$289	0.1%	$14.31	+52.4%	COM	98985Y108
CNQ	CANADIAN NAT RES LTD	37,951	$1,319	0.6%	$31.52	+2.9%	COM	136385101
CM	CANADIAN IMPERIAL BANK OF CO	6,640	$615	0.3%	$60.76	+41.2%	COM	136069101
MTCH	MATCH GROUP INC NEW	30,186	$987	0.4%	$32.11	+2.3%	COM	57667L107
VFF	VILLAGE FARMS INTL INC	139,736	$516	0.2%	$2.17	+60.4%	COM	92707Y108
SA	SEABRIDGE GOLD INC	11,100	$334	0.1%	$15.41	+70.7%	COM	811916105
MFC	MANULIFE FINL CORP	10,544	$388	0.2%	$30.21	+12.3%	COM	56501R106
SPY	SPDR S&P 500 ETF TR	1,803	$1,248	0.5%	$595.04	—	TR UNIT	78462F103
ACWI	ISHARES TR	8,000	$1,146	0.5%	$117.50	—	MSCI ACWI ETF	464288257
FUL	FULLER H B CO	40,000	$2,408	1.1%	$59.56	-1.8%	COM	359694106
AMZN	AMAZON COM INC	2,293	$536	0.2%	$204.14	+12.1%	COM	023135106
—	ETSY INC	2,000,000	$1,811	0.8%	$0.86	—	NOTE 0.250% 6/1	29786AAN6
CNI	CANADIAN NATL RY CO	4,507	$452	0.2%	$103.21	-6.8%	COM	136375102
BIP	BROOKFIELD INFRAST PARTNERS	11,626	$409	0.2%	$33.11	—	LP INT UNIT	G16252101
JPM	JPMORGAN CHASE & CO.	1,635	$533	0.2%	$228.76	+35.3%	COM	46625H100
STIP	ISHARES TR	23,578	$2,444	1.1%	$125.95	—	0-5 YR TIPS ETF	46429B747
V	VISA INC	1,111	$394	0.2%	$304.63	+11.7%	COM CL A	92826C839
EMA	EMERA INC	5,725	$286	0.1%	$43.35	+11.4%	COM	290876101