Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	150,000	$110M	11.8%	—	—	PUT	46090E103
AMD	ADVANCED MICRO DEVICES INC	65,400	$37.99M	4.0%	—	—	CALL	007903107
TSM	TAIWAN SEMICONDUCTOR MANUFAC	56,000	$26.74M	2.9%	$477.57	—	CALL	874039100
SNDK	SANDISK CORP	11,500	$26.15M	2.8%	$2273.73	—	CALL	80004C200
STX	SEAGATE TECHNOLOGY HLDNGS PL	26,400	$25.48M	2.7%	$854.43	—	CALL	G7997R103
MPC	MARATHON PETE CORP	86,400	$22.09M	2.4%	$255.67	—	CALL	56585A102
NTRA	NATERA INC	69,300	$18.81M	2.0%	$271.45	—	COM	632307104
PWR	QUANTA SVCS INC	23,734	$17.09M	1.8%	$720.04	—	COM	74762E102
MU	MICRON TECHNOLOGY INC	14,500	$16.74M	1.8%	$1154.29	—	CALL	595112103
FTI	TECHNIPFMC PLC	250,000	$16.57M	1.8%	$53.30	—	CALL	G87110105
TKR	TIMKEN CO	113,500	$16.49M	1.8%	$145.32	—	COM	887389104
TXN	TEXAS INSTRS INC	50,400	$15.02M	1.6%	$298.07	—	COM	882508104
ARMK	ARAMARK	257,700	$14.66M	1.6%	$56.90	—	COM	03852U106
DTM	DT MIDSTREAM INC	97,009	$14.24M	1.5%	$146.74	—	COMMON STOCK	23345M107
AMZN	AMAZON COM INC	58,500	$13.94M	1.5%	$238.34	—	CALL	023135106
PFGC	PERFORMANCE FOOD GROUP CO	115,000	$12.86M	1.4%	$111.79	—	COM	71377A103
DBA	INVESCO DB MULTI-SECTOR COMM	421,600	$11.24M	1.2%	$26.67	—	AGRICULTURE FD	46140H106
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	127,400	$9.921M	1.1%	$77.87	—	CL A	499049104
STM	STMICROELECTRONICS N V	131,347	$9.837M	1.0%	$74.89	—	NY REGISTRY	861012102
GOOGL	ALPHABET INC	25,440	$9.091M	1.0%	$357.37	—	CAP STK CL A	02079K305
HWM	HOWMET AEROSPACE INC	33,317	$8.958M	1.0%	$268.86	—	COM	443201108
HUT	HUT 8 CORP	77,200	$8.912M	1.0%	$115.44	—	CALL	44812J104
CIFR	CIPHER DIGITAL INC	350,000	$8.575M	0.9%	$24.50	—	CALL	17253J106
SNOW	SNOWFLAKE INC	32,000	$8.144M	0.9%	$254.50	—	CALL	833445109
ESE	ESCO TECHNOLOGIES INC	22,960	$8.037M	0.9%	$350.04	—	COM	296315104
LLY	ELI LILLY & CO	6,640	$7.964M	0.8%	$1199.43	—	COM	532457108
SGI	SOMNIGROUP INTERNATIONAL INC	101,429	$7.952M	0.8%	$78.40	—	COM	88023U101
SNX	TD SYNNEX CORPORATION	27,600	$7.379M	0.8%	$267.34	—	COM	87162W100
VTR	VENTAS INC	81,200	$7.211M	0.8%	$88.80	—	COM	92276F100
NOK	NOKIA CORP	542,100	$7.199M	0.8%	$13.28	—	CALL	654902204
FLEX	FLEX LTD	43,700	$7.082M	0.8%	$162.07	—	ORD	Y2573F102
VLO	VALERO ENERGY CORP	26,636	$6.937M	0.7%	$260.44	—	COM	91913Y100
CDW	CDW CORP	44,300	$6.23M	0.7%	$140.64	—	COM	12514G108
TWLO	TWILIO INC	29,600	$6.107M	0.7%	$206.33	—	CL A	90138F102
GFS	GLOBALFOUNDRIES INC	71,600	$5.901M	0.6%	$82.41	—	ORDINARY SHARES	G39387108
WELL	WELLTOWER INC	25,500	$5.788M	0.6%	$226.97	—	COM	95040Q104
INIO	INNIO NV	142,900	$5.652M	0.6%	$39.55	—	ORDINARY SHARES	N52A8C105
MKSI	MKS INC.	12,700	$5.649M	0.6%	$444.80	—	COM	55306N104
DOCN	DIGITALOCEAN HLDGS INC	34,262	$5.38M	0.6%	$157.03	—	COM	25402D102
H	HYATT HOTELS CORP	26,500	$5.137M	0.5%	$193.84	—	COM CL A	448579102
ARW	ARROW ELECTRS INC	23,700	$5.058M	0.5%	$213.41	—	COM	042735100
HUT	HUT 8 CORP	43,200	$4.987M	0.5%	$115.44	—	COM	44812J104
CRL	CHARLES RIV LABS INTL INC	21,300	$4.831M	0.5%	$226.79	—	COM	159864107
TREX	TREX INC	93,900	$4.699M	0.5%	$50.04	—	COM	89531P105
DDOG	DATADOG INC	17,655	$4.597M	0.5%	$260.36	—	CL A COM	23804L103
TSM	TAIWAN SEMICONDUCTOR MANUFAC	8,945	$4.272M	0.5%	$477.57	—	SPONSORED ADS	874039100
NKE	NIKE INC	100,000	$4.105M	0.4%	—	—	PUT	654106103
COHR	COHERENT CORP	10,160	$4.008M	0.4%	$394.47	—	COM	19247G107
FTNT	FORTINET INC	25,900	$3.979M	0.4%	$153.62	—	COM	34959E109
SNOW	SNOWFLAKE INC	15,070	$3.835M	0.4%	$254.50	—	COM SHS	833445109
MRVL	MARVELL TECHNOLOGY INC	12,500	$3.724M	0.4%	$297.89	—	COM	573874104
OKTA	OKTA INC	25,700	$3.507M	0.4%	$136.45	—	CL A	679295105
SNDK	SANDISK CORP	1,520	$3.456M	0.4%	$2273.73	—	COM	80004C200
MAIR	MADISON AIR SOLUTIONS CORP	80,600	$3.143M	0.3%	$39.00	—	COM SHS CL A	55658T105
NOK	NOKIA CORP	232,133	$3.083M	0.3%	$13.28	—	SPONSORED ADR	654902204
UNH	UNITEDHEALTH GROUP INC	7,360	$3.059M	0.3%	$415.63	—	COM	91324P102
VSAT	VIASAT INC	33,500	$3.009M	0.3%	$89.81	—	COM	92552V100
CARR	CARRIER GLOBAL CORPORATION	41,000	$3.007M	0.3%	$73.35	—	COM	14448C104
BRKR	BRUKER CORP	49,900	$3.003M	0.3%	$60.18	—	COM	116794108
MPC	MARATHON PETE CORP	10,038	$2.566M	0.3%	$255.67	—	COM	56585A102
NSIT	INSIGHT ENTERPRISES INC	20,800	$2.533M	0.3%	$121.80	—	COM	45765U103
FOXA	FOX CORP	48,200	$2.514M	0.3%	$52.16	—	CL A COM	35137L105
CART	MAPLEBEAR INC	52,800	$2.5M	0.3%	$47.35	—	COM	565394103
IEX	IDEX CORP	9,500	$2.156M	0.2%	$226.95	—	COM	45167R104
FWONK	LIBERTY MEDIA CORP DEL	22,400	$2.131M	0.2%	$95.14	—	COM LBTY ONE S C	531229755
MU	MICRON TECHNOLOGY INC	1,800	$2.078M	0.2%	$1154.29	—	COM	595112103
CLS	CELESTICA INC	5,600	$2.043M	0.2%	$364.80	—	COM	15101Q207
KTB	KONTOOR BRANDS INC	24,500	$2.042M	0.2%	$83.34	—	COM	50050N103
WAT	WATERS CORP	5,360	$2.01M	0.2%	$375.04	—	COM	941848103
LFUS	LITTELFUSE INC	4,320	$1.967M	0.2%	$455.33	—	COM	537008104
C	CITIGROUP INC	13,300	$1.861M	0.2%	$139.96	—	COM NEW	172967424
OC	OWENS CORNING NEW	10,700	$1.701M	0.2%	$158.96	—	COM	690742101
AMZN	AMAZON COM INC	7,100	$1.692M	0.2%	$238.34	—	COM	023135106
ANET	ARISTA NETWORKS INC	9,500	$1.614M	0.2%	$169.88	—	COM SHS	040413205
TXG	10X GENOMICS INC	40,600	$1.557M	0.2%	$38.34	—	CL A COM	88025U109
LYV	LIVE NATION ENTERTAINMENT IN	8,400	$1.538M	0.2%	$183.11	—	COM	538034109
MSGE	MADISON SQUARE GARDEN ENTMT	18,900	$1.529M	0.2%	$80.89	—	COM CL A	558256103
FPS	FORGENT POWER SOLUTIONS INC	26,900	$1.503M	0.2%	$55.86	—	COM SHS CL A	34631F102
RVTY	REVVITY INC	13,500	$1.502M	0.2%	$111.26	—	COM	714046109
BE	BLOOM ENERGY CORP	4,900	$1.483M	0.2%	$302.70	—	COM CL A	093712107
MTSI	MACOM TECH SOLUTIONS HLDGS I	2,800	$1.065M	0.1%	$380.37	—	COM	55405Y100
CIFR	CIPHER DIGITAL INC	43,000	$1.054M	0.1%	$24.50	—	COM	17253J106
CR	CRANE COMPANY	4,500	$1.004M	0.1%	$223.07	—	COMMON STOCK	224408104
BCS	BARCLAYS PLC	37,100	$997K	0.1%	$26.86	—	ADR	06738E204
MS	MORGAN STANLEY	4,700	$982K	0.1%	$209.04	—	COM NEW	617446448

Increased Positions (14)

CSX CSX CORP 4.8%

Value $44.68M (+1355.0%) Shares 939,978 (+1156.7%) Est. Cost $46.81 Unrealized —

KGS KODIAK GAS SVCS INC 3.1%

Value $29.44M (+188.7%) Shares 391,854 (+124.1%) Est. Cost $61.02 Unrealized —

JBL JABIL INC 2.4%

Value $22.69M (+287.7%) Shares 58,867 (+167.2%) Est. Cost $334.03 Unrealized —

WAB WABTEC 2.0%

Value $18.63M (+827.7%) Shares 69,107 (+760.0%) Est. Cost $262.13 Unrealized —

ATI ATI INC 1.7%

Value $16.18M (+1511.9%) Shares 82,081 (+1089.6%) Est. Cost $191.60 Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 1.4%

Value $13.36M (+1211.2%) Shares 13,840 (+432.3%) Est. Cost $854.43 Unrealized —

VIK VIKING HOLDINGS LTD 1.1%

Value $9.975M (+802.1%) Shares 95,300 (+533.3%) Est. Cost $96.12 Unrealized —

WDC WESTERN DIGITAL CORP 1.3%

Value $12.31M (+244.9%) Shares 19,280 (+46.1%) Est. Cost $257.29 Unrealized —

MATX MATSON INC 0.9%

Value $8.807M (+496.9%) Shares 45,814 (+409.0%) Est. Cost $184.60 Unrealized —

NVT NVENT ELEC PLC 0.9%

Value $8.838M (+339.6%) Shares 52,110 (+206.5%) Est. Cost $150.92 Unrealized —

FTI TECHNIPFMC PLC 0.9%

Value $8.56M (+180.6%) Shares 129,105 (+192.6%) Est. Cost $53.30 Unrealized —

SPHR SPHERE ENTERTAINMENT CO 0.9%

Value $8.861M (+76.3%) Shares 51,208 (+19.6%) Est. Cost $68.19 Unrealized —

ROST ROSS STORES INC 0.9%

Value $8.427M (+62.6%) Shares 39,593 (+65.5%) Est. Cost $185.84 Unrealized —

CIEN CIENA CORP 0.3%

Value $2.904M (+262.2%) Shares 5,920 (+186.7%) Est. Cost $387.12 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CSX	CSX CORP	939,978 (+1156.7%)	$44.68M (+1355.0%)	4.8%	$46.81	—	COM	126408103
KGS	KODIAK GAS SVCS INC	391,854 (+124.1%)	$29.44M (+188.7%)	3.1%	$61.02	—	COM	50012A108
JBL	JABIL INC	58,867 (+167.2%)	$22.69M (+287.7%)	2.4%	$334.03	—	COM	466313103
WAB	WABTEC	69,107 (+760.0%)	$18.63M (+827.7%)	2.0%	$262.13	—	COM	929740108
ATI	ATI INC	82,081 (+1089.6%)	$16.18M (+1511.9%)	1.7%	$191.60	—	COM	01741R102
STX	SEAGATE TECHNOLOGY HLDNGS PL	13,840 (+432.3%)	$13.36M (+1211.2%)	1.4%	$854.43	—	ORD SHS	G7997R103
VIK	VIKING HOLDINGS LTD	95,300 (+533.3%)	$9.975M (+802.1%)	1.1%	$96.12	—	ORD SHS	G93A5A101
WDC	WESTERN DIGITAL CORP	19,280 (+46.1%)	$12.31M (+244.9%)	1.3%	$257.29	—	COM	958102105
MATX	MATSON INC	45,814 (+409.0%)	$8.807M (+496.9%)	0.9%	$184.60	—	COM	57686G105
NVT	NVENT ELEC PLC	52,110 (+206.5%)	$8.838M (+339.6%)	0.9%	$150.92	—	SHS	G6700G107
FTI	TECHNIPFMC PLC	129,105 (+192.6%)	$8.56M (+180.6%)	0.9%	$53.30	—	COM	G87110105
SPHR	SPHERE ENTERTAINMENT CO	51,208 (+19.6%)	$8.861M (+76.3%)	0.9%	$68.19	—	CL A	55826T102
ROST	ROSS STORES INC	39,593 (+65.5%)	$8.427M (+62.6%)	0.9%	$185.84	—	COM	778296103
CIEN	CIENA CORP	5,920 (+186.7%)	$2.904M (+262.2%)	0.3%	$387.12	—	COM NEW	171779309

Exited Positions (27)

BKLN INVESCO EXCH TRADED FD TR II 9.8%

Value $91.84M Shares 4,500,000 Est. Cost — Unrealized —

WDC WESTERN DIGITAL CORP 4.3%

Value $40.47M Shares 149,600 Est. Cost $257.29 Unrealized —

SMH VANECK ETF TRUST 2.3%

Value $21.28M Shares 55,500 Est. Cost — Unrealized —

GLW CORNING INC 2.0%

Value $19.04M Shares 140,000 Est. Cost — Unrealized —

GEV GE VERNOVA INC 1.9%

Value $17.46M Shares 20,000 Est. Cost $425.34 Unrealized —

AA ALCOA CORP 1.8%

Value $16.58M Shares 250,000 Est. Cost — Unrealized —

BP BP PLC 1.5%

Value $14.1M Shares 300,000 Est. Cost — Unrealized —

SLB SLB LIMITED 1.4%

Value $13.1M Shares 255,000 Est. Cost $48.30 Unrealized —

CIEN CIENA CORP 1.0%

Value $9.512M Shares 24,500 Est. Cost $387.12 Unrealized —

DVN DEVON ENERGY CORP NEW 0.8%

Value $7.045M Shares 140,000 Est. Cost $40.25 Unrealized —

SLB SLB LIMITED 0.7%

Value $6.208M Shares 120,801 Est. Cost $48.30 Unrealized —

LRCX LAM RESEARCH CORP 0.6%

Value $6.004M Shares 28,100 Est. Cost $225.94 Unrealized —

DVN DEVON ENERGY CORP NEW 0.6%

Value $5.952M Shares 118,292 Est. Cost $40.25 Unrealized —

MRK MERCK & CO INC 0.6%

Value $5.545M Shares 46,098 Est. Cost $100.49 Unrealized —

LIN LINDE PLC 0.5%

Value $5.028M Shares 10,141 Est. Cost $427.28 Unrealized —

AMAT APPLIED MATLS INC 0.5%

Value $5.024M Shares 14,700 Est. Cost $247.77 Unrealized —

PR PERMIAN RESOURCES CORP 0.4%

Value $4.152M Shares 194,756 Est. Cost $15.78 Unrealized —

CX CEMEX SA EURO MTN BE 144A 0.4%

Value $4.004M Shares 350,000 Est. Cost — Unrealized —

TJX TJX COS INC NEW 0.3%

Value $3.115M Shares 19,507 Est. Cost $138.06 Unrealized —

BWXT BWX TECHNOLOGIES INC 0.3%

Value $2.699M Shares 13,200 Est. Cost $117.97 Unrealized —

FIVE FIVE BELOW INC 0.3%

Value $2.58M Shares 11,290 Est. Cost $162.56 Unrealized —

FDX FEDEX CORP 0.3%

Value $2.448M Shares 6,874 Est. Cost $338.93 Unrealized —

CRS CARPENTER TECHNOLOGY CORP 0.2%

Value $2.168M Shares 5,500 Est. Cost $252.28 Unrealized —

MOD MODINE MFG CO 0.2%

Value $2.102M Shares 9,700 Est. Cost $176.49 Unrealized —

ASML ASML HLDG NV 0.2%

Value $1.479M Shares 1,120 Est. Cost $1320.83 Unrealized —

GEV GE VERNOVA INC 0.1%

Value $1.013M Shares 1,160 Est. Cost $425.34 Unrealized —

LITE LUMENTUM HLDGS INC 0.1%

Value $508K Shares 723 Est. Cost $256.82 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BKLN	INVESCO EXCH TRADED FD TR II	4,500,000	$91.84M	9.8%	—	—	PUT	46138G508
WDC	WESTERN DIGITAL CORP	149,600	$40.47M	4.3%	$257.29	—	CALL	958102105
SMH	VANECK ETF TRUST	55,500	$21.28M	2.3%	—	—	PUT	92189F676
GLW	CORNING INC	140,000	$19.04M	2.0%	—	—	CALL	219350105
GEV	GE VERNOVA INC	20,000	$17.46M	1.9%	$425.34	—	CALL	36828A101
AA	ALCOA CORP	250,000	$16.58M	1.8%	—	—	CALL	013872106
BP	BP PLC	300,000	$14.1M	1.5%	—	—	CALL	055622104
SLB	SLB LIMITED	255,000	$13.1M	1.4%	$48.30	—	CALL	806857108
CIEN	CIENA CORP	24,500	$9.512M	1.0%	$387.12	—	CALL	171779309
DVN	DEVON ENERGY CORP NEW	140,000	$7.045M	0.8%	$40.25	—	CALL	25179M103
SLB	SLB LIMITED	120,801	$6.208M	0.7%	$48.30	—	—	806857108
LRCX	LAM RESEARCH CORP	28,100	$6.004M	0.6%	$225.94	—	—	512807306
DVN	DEVON ENERGY CORP NEW	118,292	$5.952M	0.6%	$40.25	—	—	25179M103
MRK	MERCK & CO INC	46,098	$5.545M	0.6%	$100.49	—	—	58933Y105
LIN	LINDE PLC	10,141	$5.028M	0.5%	$427.28	—	—	G54950103
AMAT	APPLIED MATLS INC	14,700	$5.024M	0.5%	$247.77	—	—	038222105
PR	PERMIAN RESOURCES CORP	194,756	$4.152M	0.4%	$15.78	—	—	71424F105
CX	CEMEX SA EURO MTN BE 144A	350,000	$4.004M	0.4%	—	—	CALL	151290889
TJX	TJX COS INC NEW	19,507	$3.115M	0.3%	$138.06	—	—	872540109
BWXT	BWX TECHNOLOGIES INC	13,200	$2.699M	0.3%	$117.97	—	—	05605H100
FIVE	FIVE BELOW INC	11,290	$2.58M	0.3%	$162.56	—	—	33829M101
FDX	FEDEX CORP	6,874	$2.448M	0.3%	$338.93	—	—	31428X106
CRS	CARPENTER TECHNOLOGY CORP	5,500	$2.168M	0.2%	$252.28	—	—	144285103
MOD	MODINE MFG CO	9,700	$2.102M	0.2%	$176.49	—	—	607828100
ASML	ASML HLDG NV	1,120	$1.479M	0.2%	$1320.83	—	—	N07059210
GEV	GE VERNOVA INC	1,160	$1.013M	0.1%	$425.34	—	—	36828A101
LITE	LUMENTUM HLDGS INC	723	$508K	0.1%	$256.82	—	—	55024U109

Decreased Positions (4)

CW CURTISS WRIGHT CORP 0.3%

Value $2.485M (-63.7%) Shares 3,280 (-67.4%) Est. Cost $489.32 Unrealized —

LITE LUMENTUM HLDGS INC 0.4%

Value $4.033M (-42.6%) Shares 4,700 (-53.0%) Est. Cost $256.82 Unrealized —

EMBJ EMBRAER S.A. 0.2%

Value $2.022M (-20.1%) Shares 31,700 (-25.7%) Est. Cost $59.07 Unrealized —

MTZ MASTEC INC 1.2%

Value $11.33M (-2.6%) Shares 27,243 (-24.7%) Est. Cost $173.38 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CW	CURTISS WRIGHT CORP	3,280 (-67.4%)	$2.485M (-63.7%)	0.3%	$489.32	—	COM	231561101
LITE	LUMENTUM HLDGS INC	4,700 (-53.0%)	$4.033M (-42.6%)	0.4%	$256.82	—	CALL	55024U109
EMBJ	EMBRAER S.A.	31,700 (-25.7%)	$2.022M (-20.1%)	0.2%	$59.07	—	SPONSORED ADS	29082A107
MTZ	MASTEC INC	27,243 (-24.7%)	$11.33M (-2.6%)	1.2%	$173.38	—	COM	576323109