SELDON CAPITAL LP Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LAR	LITHIUM ARGENTINA AG	2,148,931 (+18.1%)	$11,992 (+97.4%)	4.2%	$3.29	+44.4%	COM SHS	H5012F103
SQM	SOCIEDAD QUIMICA Y MINERA DE	220,657 (+1.9%)	$15,181 (+63.1%)	5.3%	$43.46	—	SPON ADR SER B	833635105
FCNCA	FIRST CTZNS BANCSHARES INC D	2,698 (+88.1%)	$5,790 (+125.7%)	2.0%	$1546.31	+21.8%	CL A	31946M103
INTC	INTEL CORP	226,071 (+2.4%)	$8,342 (+12.6%)	2.9%	$24.55	+53.8%	COM	458140100
SFD	SMITHFIELD FOODS INC	112,199 (+57.4%)	$2,505 (+49.7%)	0.9%	$21.75	+0.6%	COM	832248207
EQT	EQT CORP	122,204 (+15.3%)	$6,550 (+13.5%)	2.3%	$45.27	+24.0%	COM	26884L109

Exited Positions (7)

AS AMER SPORTS INC 2.6%

Value ($000) $7,564 Shares 217,659 Est. Cost $30.76 Unrealized +11.5%

KT KT CORP 1.6%

Value ($000) $4,602 Shares 236,015 Est. Cost $20.78 Unrealized —

LX LEXINFINTECH HLDGS LTD 0.6%

Value ($000) $1,723 Shares 323,174 Est. Cost $6.44 Unrealized —

TASK TASKUS INC 0.6%

Value ($000) $1,641 Shares 91,945 Est. Cost $14.17 Unrealized -9.8%

BTU PEABODY ENERGY CORP 0.5%

Value ($000) $1,406 Shares 53,027 Est. Cost $17.75 Unrealized +65.4%

NTES NETEASE INC 0.3%

Value ($000) $736 Shares 4,841 Est. Cost $151.99 Unrealized —

BEPC BROOKFIELD RENEWABLE CORP 0.1%

Value ($000) $246 Shares 7,143 Est. Cost $28.39 Unrealized +40.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AS	AMER SPORTS INC	217,659	$7,564	2.6%	$30.76	+11.5%	—	G0260P102
KT	KT CORP	236,015	$4,602	1.6%	$20.78	—	—	48268K101
LX	LEXINFINTECH HLDGS LTD	323,174	$1,723	0.6%	$6.44	—	—	528877103
TASK	TASKUS INC	91,945	$1,641	0.6%	$14.17	-9.8%	—	87652V109
BTU	PEABODY ENERGY CORP	53,027	$1,406	0.5%	$17.75	+65.4%	—	704551100
NTES	NETEASE INC	4,841	$736	0.3%	$151.99	—	—	64110W102
BEPC	BROOKFIELD RENEWABLE CORP	7,143	$246	0.1%	$28.39	+40.9%	—	11285B108

Decreased Positions (9)

ACMR ACM RESH INC 0.1%

Value ($000) $395 (-94.8%) Shares 10,000 (-94.8%) Est. Cost $29.69 Unrealized +25.5%

RDDT REDDIT INC 1.4%

Value ($000) $4,102 (-46.6%) Shares 17,843 (-46.6%) Est. Cost $54.74 Unrealized +284.2%

VTI VANGUARD INDEX FDS 5.1%

Value ($000) $14,684 (-17.3%) Shares 43,798 (-19.0%) Est. Cost $241.44 Unrealized —

U UNITY SOFTWARE INC 1.2%

Value ($000) $3,561 (-43.6%) Shares 80,620 (-48.9%) Est. Cost $37.08 Unrealized +9.9%

GBTC GRAYSCALE BITCOIN TRUST ETF 1.5%

Value ($000) $4,389 (-26.0%) Shares 64,207 (-2.9%) Est. Cost $63.17 Unrealized —

PDD PDD HOLDINGS INC 1.9%

Value ($000) $5,468 (-16.4%) Shares 48,226 (-2.5%) Est. Cost $82.83 Unrealized —

VRT VERTIV HOLDINGS CO 1.0%

Value ($000) $2,937 (-22.8%) Shares 18,128 (-28.1%) Est. Cost $23.09 Unrealized +651.9%

CLS CELESTICA INC 9.6%

Value ($000) $27,680 (+0.4%) Shares 93,637 (-16.4%) Est. Cost $50.44 Unrealized +497.5%

FLDR FIDELITY MERRIMACK STR TR 0.1%

Value ($000) $329 (-18.8%) Shares 6,552 (-18.9%) Est. Cost $49.54 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACMR	ACM RESH INC	10,000 (-94.8%)	$395 (-94.8%)	0.1%	$29.69	+25.5%	COM CL A	00108J109
RDDT	REDDIT INC	17,843 (-46.6%)	$4,102 (-46.6%)	1.4%	$54.74	+284.2%	CL A	75734B100
VTI	VANGUARD INDEX FDS	43,798 (-19.0%)	$14,684 (-17.3%)	5.1%	$241.44	—	TOTAL STK MKT	922908769
U	UNITY SOFTWARE INC	80,620 (-48.9%)	$3,561 (-43.6%)	1.2%	$37.08	+9.9%	COM	91332U101
GBTC	GRAYSCALE BITCOIN TRUST ETF	64,207 (-2.9%)	$4,389 (-26.0%)	1.5%	$63.17	—	SHS REP COM UT	389637109
PDD	PDD HOLDINGS INC	48,226 (-2.5%)	$5,468 (-16.4%)	1.9%	$82.83	—	SPONSORED ADS	722304102
VRT	VERTIV HOLDINGS CO	18,128 (-28.1%)	$2,937 (-22.8%)	1.0%	$23.09	+651.9%	COM CL A	92537N108
CLS	CELESTICA INC	93,637 (-16.4%)	$27,680 (+0.4%)	9.6%	$50.44	+497.5%	COM	15101Q207
FLDR	FIDELITY MERRIMACK STR TR	6,552 (-18.9%)	$329 (-18.8%)	0.1%	$49.54	—	LOW DURTIN ETF	316188408

Unchanged Positions (48)

TLN TALEN ENERGY CORP 9.2%

Value ($000) $26,563 Shares 70,864 Est. Cost $138.87 Unrealized +179.9%

ECH ISHARES INC 4.7%

Value ($000) $13,662 Shares 338,177 Est. Cost $31.11 Unrealized —

TER TERADYNE INC 2.5%

Value ($000) $7,230 Shares 37,352 Est. Cost $109.09 Unrealized +57.2%

VT VANGUARD INTL EQUITY INDEX F 10.4%

Value ($000) $30,065 Shares 213,135 Est. Cost $115.99 Unrealized —

GOOGL ALPHABET INC 0.8%

Value ($000) $2,416 Shares 7,720 Est. Cost $111.70 Unrealized +155.7%

NU NU HLDGS LTD 3.9%

Value ($000) $11,160 Shares 666,652 Est. Cost $11.90 Unrealized +35.0%

AAPL APPLE INC 2.2%

Value ($000) $6,326 Shares 23,268 Est. Cost $154.71 Unrealized +73.5%

VEA VANGUARD TAX-MANAGED FDS 3.2%

Value ($000) $9,309 Shares 149,017 Est. Cost $51.06 Unrealized —

ORCL ORACLE CORP 0.2%

Value ($000) $441 Shares 2,265 Est. Cost $88.90 Unrealized +167.8%

MSFT MICROSOFT CORP 0.9%

Value ($000) $2,479 Shares 5,126 Est. Cost $311.53 Unrealized +60.7%

BTC GRAYSCALE BITCOIN MINI TR ET 0.2%

Value ($000) $512 Shares 13,221 Est. Cost $41.87 Unrealized —

IEFA ISHARES TR 1.9%

Value ($000) $5,585 Shares 62,425 Est. Cost $74.63 Unrealized —

LLY ELI LILLY & CO 0.2%

Value ($000) $434 Shares 404 Est. Cost $506.78 Unrealized +88.6%

VDC VANGUARD WORLD FD 3.5%

Value ($000) $10,054 Shares 47,593 Est. Cost $199.19 Unrealized —

EFV ISHARES TR 0.8%

Value ($000) $2,214 Shares 31,000 Est. Cost $50.39 Unrealized —

META META PLATFORMS INC 0.3%

Value ($000) $912 Shares 1,382 Est. Cost $329.69 Unrealized +102.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.4%

Value ($000) $1,162 Shares 3,823 Est. Cost $120.32 Unrealized —

AMZN AMAZON COM INC 0.4%

Value ($000) $1,228 Shares 5,320 Est. Cost $127.43 Unrealized +79.5%

AU ANGLOGOLD ASHANTI PLC 0.1%

Value ($000) $341 Shares 3,993 Est. Cost $54.92 Unrealized +41.1%

AMAT APPLIED MATLS INC 0.1%

Value ($000) $289 Shares 1,125 Est. Cost $157.45 Unrealized +52.1%

LRCX LAM RESEARCH CORP 0.1%

Value ($000) $264 Shares 1,540 Est. Cost $105.52 Unrealized +47.2%

ISRG INTUITIVE SURGICAL INC 0.1%

Value ($000) $262 Shares 462 Est. Cost $398.28 Unrealized +33.7%

HD HOME DEPOT INC 0.1%

Value ($000) $284 Shares 825 Est. Cost $343.18 Unrealized +6.2%

AVDV AMERICAN CENTY ETF TR 0.3%

Value ($000) $752 Shares 8,000 Est. Cost $64.56 Unrealized —

JNJ JOHNSON & JOHNSON 0.1%

Value ($000) $355 Shares 1,713 Est. Cost $145.09 Unrealized +35.8%

BSAC BANCO SANTANDER CHILE NEW 0.1%

Value ($000) $247 Shares 7,943 Est. Cost $25.22 Unrealized —

IEMG ISHARES INC 0.6%

Value ($000) $1,749 Shares 26,019 Est. Cost $59.84 Unrealized —

AVGO BROADCOM INC 0.2%

Value ($000) $665 Shares 1,920 Est. Cost $151.43 Unrealized +135.8%

APH AMPHENOL CORP NEW 0.1%

Value ($000) $361 Shares 2,668 Est. Cost $81.39 Unrealized +64.1%

WMT WALMART INC 0.1%

Value ($000) $307 Shares 2,754 Est. Cost $72.48 Unrealized +47.9%

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $262 Shares 1,828 Est. Cost $134.13 Unrealized +9.7%

MUFG MITSUBISHI UFJ FINL GROUP IN 1.3%

Value ($000) $3,720 Shares 234,566 Est. Cost $13.72 Unrealized —

BAC BANK AMERICA CORP 0.1%

Value ($000) $303 Shares 5,502 Est. Cost $32.80 Unrealized +60.6%

COST COSTCO WHSL CORP NEW 0.1%

Value ($000) $205 Shares 238 Est. Cost $773.82 Unrealized +17.0%

V VISA INC 0.2%

Value ($000) $525 Shares 1,496 Est. Cost $208.13 Unrealized +63.5%

IGM ISHARES TR 0.2%

Value ($000) $489 Shares 3,786 Est. Cost $144.98 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.5%

Value ($000) $1,459 Shares 27,148 Est. Cost $45.72 Unrealized —

TIP ISHARES TR 0.3%

Value ($000) $936 Shares 8,515 Est. Cost $129.20 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.1%

Value ($000) $227 Shares 687 Est. Cost $422.19 Unrealized -20.1%

ITOT ISHARES TR 0.1%

Value ($000) $428 Shares 2,876 Est. Cost $107.09 Unrealized —

CRH CRH PLC 0.1%

Value ($000) $221 Shares 1,767 Est. Cost $105.61 Unrealized +12.8%

INTU INTUIT 0.1%

Value ($000) $250 Shares 378 Est. Cost $544.67 Unrealized +21.3%

BND VANGUARD BD INDEX FDS 0.6%

Value ($000) $1,599 Shares 21,582 Est. Cost $84.75 Unrealized —

ASHR DBX ETF TR 0.5%

Value ($000) $1,449 Shares 44,106 Est. Cost $36.68 Unrealized —

CWB SPDR SERIES TRUST 0.1%

Value ($000) $363 Shares 4,068 Est. Cost $77.24 Unrealized —

NVDA NVIDIA CORPORATION 1.2%

Value ($000) $3,327 Shares 17,840 Est. Cost $93.69 Unrealized +98.7%

GOVT ISHARES TR 0.1%

Value ($000) $267 Shares 11,600 Est. Cost $23.88 Unrealized —

MA MASTERCARD INCORPORATED 0.1%

Value ($000) $259 Shares 454 Est. Cost $452.59 Unrealized +23.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TLN	TALEN ENERGY CORP	70,864	$26,563	9.2%	$138.87	+179.9%	COM	87422Q109
ECH	ISHARES INC	338,177	$13,662	4.7%	$31.11	—	MSCI CHILE ETF	464286640
TER	TERADYNE INC	37,352	$7,230	2.5%	$109.09	+57.2%	COM	880770102
VT	VANGUARD INTL EQUITY INDEX F	213,135	$30,065	10.4%	$115.99	—	TT WRLD ST ETF	922042742
GOOGL	ALPHABET INC	7,720	$2,416	0.8%	$111.70	+155.7%	CAP STK CL A	02079K305
NU	NU HLDGS LTD	666,652	$11,160	3.9%	$11.90	+35.0%	ORD SHS CL A	G6683N103
AAPL	APPLE INC	23,268	$6,326	2.2%	$154.71	+73.5%	COM	037833100
VEA	VANGUARD TAX-MANAGED FDS	149,017	$9,309	3.2%	$51.06	—	VAN FTSE DEV MKT	921943858
ORCL	ORACLE CORP	2,265	$441	0.2%	$88.90	+167.8%	COM	68389X105
MSFT	MICROSOFT CORP	5,126	$2,479	0.9%	$311.53	+60.7%	COM	594918104
BTC	GRAYSCALE BITCOIN MINI TR ET	13,221	$512	0.2%	$41.87	—	SHS NEW	389930207
IEFA	ISHARES TR	62,425	$5,585	1.9%	$74.63	—	CORE MSCI EAFE	46432F842
LLY	ELI LILLY & CO	404	$434	0.2%	$506.78	+88.6%	COM	532457108
VDC	VANGUARD WORLD FD	47,593	$10,054	3.5%	$199.19	—	CONSUM STP ETF	92204A207
EFV	ISHARES TR	31,000	$2,214	0.8%	$50.39	—	EAFE VALUE ETF	464288877
META	META PLATFORMS INC	1,382	$912	0.3%	$329.69	+102.4%	CL A	30303M102
TSM	TAIWAN SEMICONDUCTOR MFG LTD	3,823	$1,162	0.4%	$120.32	—	SPONSORED ADS	874039100
AMZN	AMAZON COM INC	5,320	$1,228	0.4%	$127.43	+79.5%	COM	023135106
AU	ANGLOGOLD ASHANTI PLC	3,993	$341	0.1%	$54.92	+41.1%	COM SHS	G0378L100
AMAT	APPLIED MATLS INC	1,125	$289	0.1%	$157.45	+52.1%	COM	038222105
LRCX	LAM RESEARCH CORP	1,540	$264	0.1%	$105.52	+47.2%	COM NEW	512807306
ISRG	INTUITIVE SURGICAL INC	462	$262	0.1%	$398.28	+33.7%	COM NEW	46120E602
HD	HOME DEPOT INC	825	$284	0.1%	$343.18	+6.2%	COM	437076102
AVDV	AMERICAN CENTY ETF TR	8,000	$752	0.3%	$64.56	—	INTL SMCP VLU	025072802
JNJ	JOHNSON & JOHNSON	1,713	$355	0.1%	$145.09	+35.8%	COM	478160104
BSAC	BANCO SANTANDER CHILE NEW	7,943	$247	0.1%	$25.22	—	SP ADR REP COM	05965X109
IEMG	ISHARES INC	26,019	$1,749	0.6%	$59.84	—	CORE MSCI EMKT	46434G103
AVGO	BROADCOM INC	1,920	$665	0.2%	$151.43	+135.8%	COM	11135F101
APH	AMPHENOL CORP NEW	2,668	$361	0.1%	$81.39	+64.1%	CL A	032095101
WMT	WALMART INC	2,754	$307	0.1%	$72.48	+47.9%	COM	931142103
PG	PROCTER AND GAMBLE CO	1,828	$262	0.1%	$134.13	+9.7%	COM	742718109
MUFG	MITSUBISHI UFJ FINL GROUP IN	234,566	$3,720	1.3%	$13.72	—	SPONSORED ADS	606822104
BAC	BANK AMERICA CORP	5,502	$303	0.1%	$32.80	+60.6%	COM	060505104
COST	COSTCO WHSL CORP NEW	238	$205	0.1%	$773.82	+17.0%	COM	22160K105
V	VISA INC	1,496	$525	0.2%	$208.13	+63.5%	COM CL A	92826C839
IGM	ISHARES TR	3,786	$489	0.2%	$144.98	—	EXPND TEC SC ETF	464287549
VWO	VANGUARD INTL EQUITY INDEX F	27,148	$1,459	0.5%	$45.72	—	FTSE EMR MKT ETF	922042858
TIP	ISHARES TR	8,515	$936	0.3%	$129.20	—	TIPS BD ETF	464287176
UNH	UNITEDHEALTH GROUP INC	687	$227	0.1%	$422.19	-20.1%	COM	91324P102
ITOT	ISHARES TR	2,876	$428	0.1%	$107.09	—	CORE S&P TTL STK	464287150
CRH	CRH PLC	1,767	$221	0.1%	$105.61	+12.8%	ORD	G25508105
INTU	INTUIT	378	$250	0.1%	$544.67	+21.3%	COM	461202103
BND	VANGUARD BD INDEX FDS	21,582	$1,599	0.6%	$84.75	—	TOTAL BND MRKT	921937835
ASHR	DBX ETF TR	44,106	$1,449	0.5%	$36.68	—	XTRACK HRVST CSI	233051879
CWB	SPDR SERIES TRUST	4,068	$363	0.1%	$77.24	—	STATE STREET SPD	78464A359
NVDA	NVIDIA CORPORATION	17,840	$3,327	1.2%	$93.69	+98.7%	COM	67066G104
GOVT	ISHARES TR	11,600	$267	0.1%	$23.88	—	US TREAS BD ETF	46429B267
MA	MASTERCARD INCORPORATED	454	$259	0.1%	$452.59	+23.5%	CL A	57636Q104