VELA Investment Management, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARKK	ARK Innovation ETF	70,000	$5,384	1.3%	—	—	PUT	00214Q104
CSL	Carlisle Cos Inc	15,706	$5,024	1.2%	$322.65	0.0%	COM	142339100
GLD	SPDR Gold Shares	9,000	$3,567	0.8%	—	—	PUT	78463V107
GIL	Gildan Activewear Inc	49,688	$3,104	0.7%	$59.45	0.0%	COM	375916103
JKHY	Henry Jack & Assoc Inc	13,988	$2,553	0.6%	$166.24	0.0%	COM	426281101
SSD	Simpson Manufacturing Co Inc.	15,505	$2,504	0.6%	$168.74	0.0%	COM	829073105
TTC	Toro Co	28,250	$2,224	0.5%	$73.92	0.0%	COM	891092108
SPSC	SPS Commerce Inc	20,171	$1,798	0.4%	$92.71	0.0%	COM	78463M107
FDX	FedEx Corp	6,000	$1,733	0.4%	$203.51	+28.5%	PUT	31428X106
TTE	TotalEnergies SE	22,600	$1,476	0.3%	$63.23	0.0%	COM	F92124100
CPAY	Corpay Inc	4,632	$1,394	0.3%	$290.32	0.0%	COM	219948106
TSM	Taiwan Semiconductor Mfg Ltd S	4,000	$1,216	0.3%	—	—	CALL	874039100
PRCT	PROCEPT BioRobotics Corp	38,238	$1,203	0.3%	$33.16	0.0%	COM	74276L105
ETSY	Etsy Inc	20,075	$1,113	0.3%	$61.02	0.0%	COM	29786A106
INTC	Intel Corp	30,000	$1,107	0.3%	—	—	PUT	458140100
TJX	TJX Cos Inc/The	7,000	$1,075	0.3%	$62.36	+136.8%	PUT	872540109
NI	NiSource Inc	23,757	$992	0.2%	$42.62	0.0%	COM	65473P105
AIG	American Intl Group Inc	10,000	$856	0.2%	$56.66	+40.6%	CALL	026874784
RKT	Rocket Cos Inc Cl A	43,087	$834	0.2%	$17.88	0.0%	COM	77311W101
MET	MetLife Inc	10,000	$789	0.2%	$63.87	+23.6%	PUT	59156R108
GOOG	Alphabet Inc	2,056	$645	0.2%	$286.33	0.0%	COM	02079K107
WDAY	Workday Inc	3,000	$644	0.2%	$239.36	-5.1%	PUT	98138H101
CNC	Centene Corp	12,500	$514	0.1%	—	—	CALL	15135B101
ACGL	Arch Capital Group Ltd	5,000	$480	0.1%	$57.53	+59.0%	PUT	G0450A105
UNP	Union Pacific Corp	1,675	$387	0.1%	$227.32	0.0%	COM	907818108
—	Shift4 Payments Inc.	3,000	$240	0.1%	$80.01	—	PFD	82452J307

Increased Positions (54)

HUBG Hub Group Inc 3.2%

Value ($000) $13,695 (+26.2%) Shares 321,415 (+2.0%) Est. Cost $40.19 Unrealized -5.4%

BRKR Bruker Corp 1.1%

Value ($000) $4,838 (+119.0%) Shares 102,700 (+51.0%) Est. Cost $45.40 Unrealized -7.0%

WHD Cactus Inc. A 1.6%

Value ($000) $6,671 (+43.8%) Shares 146,042 (+24.2%) Est. Cost $49.42 Unrealized -15.4%

ALGN Align Technology Inc 0.7%

Value ($000) $3,044 (+179.7%) Shares 19,495 (+124.3%) Est. Cost $164.24 Unrealized -12.7%

UNH UnitedHealth Group Inc 0.6%

Value ($000) $2,641 (+282.4%) Shares 8,000 (+300.0%) Est. Cost $374.94 Unrealized -10.1%

WOR Worthington Inc 1.0%

Value ($000) $4,038 (+88.6%) Shares 78,306 (+103.0%) Est. Cost $50.04 Unrealized +10.3%

CRTO Criteo SA 2.7%

Value ($000) $11,364 (+16.9%) Shares 551,407 (+28.2%) Est. Cost $26.41 Unrealized —

PPG PPG Industries Inc 0.6%

Value ($000) $2,663 (+104.9%) Shares 25,989 (+110.2%) Est. Cost $104.17 Unrealized -3.9%

MUSA Murphy USA Inc. 0.9%

Value ($000) $3,940 (+51.2%) Shares 9,765 (+45.4%) Est. Cost $404.53 Unrealized -5.2%

POOL Pool Corp 1.1%

Value ($000) $4,707 (+38.4%) Shares 20,578 (+87.6%) Est. Cost $280.65 Unrealized -7.6%

FOUR Shift 4 Payments Inc. Cl A 0.8%

Value ($000) $3,322 (+51.1%) Shares 52,752 (+85.7%) Est. Cost $80.81 Unrealized -12.6%

EPAM EPAM Systems Inc 0.8%

Value ($000) $3,266 (+47.5%) Shares 15,939 (+8.5%) Est. Cost $181.70 Unrealized -1.9%

SNCY Sun Country Airlines Holding 0.8%

Value ($000) $3,442 (+39.2%) Shares 239,179 (+14.2%) Est. Cost $12.43 Unrealized +2.8%

ACN Accenture PLC 0.9%

Value ($000) $3,891 (+33.0%) Shares 14,503 (+22.2%) Est. Cost $269.35 Unrealized -5.7%

PAL Proficient Auto Logistics Inc 0.5%

Value ($000) $2,313 (+67.0%) Shares 239,980 (+19.4%) Est. Cost $7.44 Unrealized +5.4%

GMED Globus Med Inc Cl A 0.5%

Value ($000) $2,322 (+59.1%) Shares 26,597 (+4.4%) Est. Cost $58.35 Unrealized +30.1%

LECO Lincoln Electric Holdings Inc 2.1%

Value ($000) $9,068 (+9.6%) Shares 37,840 (+7.9%) Est. Cost $203.63 Unrealized +16.3%

NOMD Nomad Foods LTD 0.4%

Value ($000) $1,531 (+108.3%) Shares 122,400 (+119.0%) Est. Cost $14.84 Unrealized -17.8%

AMZN Amazon.com Inc 2.1%

Value ($000) $9,044 (+8.0%) Shares 39,184 (+2.8%) Est. Cost $177.40 Unrealized +29.0%

GBX Greenbrier Cos Inc/The 1.0%

Value ($000) $4,333 (+16.7%) Shares 92,695 (+15.3%) Est. Cost $38.26 Unrealized +16.1%

SYY Sysco Corp 1.5%

Value ($000) $6,340 (-8.7%) Shares 86,042 (+2.0%) Est. Cost $70.34 Unrealized +7.3%

SUPN Supernus Pharmaceuticals Inc. 0.6%

Value ($000) $2,481 (+29.0%) Shares 49,910 (+24.0%) Est. Cost $41.89 Unrealized +16.1%

NOW ServiceNow Inc 0.2%

Value ($000) $919 (-33.4%) Shares 6,000 (+300.0%) Est. Cost $155.15 Unrealized +10.6%

ACGL Arch Capital Group Ltd 1.4%

Value ($000) $5,929 (+8.3%) Shares 61,807 (+2.4%) Est. Cost $57.53 Unrealized +59.0%

GLOB Globant SA 0.3%

Value ($000) $1,098 (+63.6%) Shares 16,800 (+43.6%) Est. Cost $70.34 Unrealized -10.6%

DECK Deckers Outdoor Corp. 0.2%

Value ($000) $1,027 (+58.9%) Shares 9,903 (+55.3%) Est. Cost $104.49 Unrealized -10.3%

AR Antero Resources Corp 1.0%

Value ($000) $4,450 (+9.0%) Shares 129,130 (+6.2%) Est. Cost $31.39 Unrealized +7.9%

AXSM Axsome Therapeutics Inc. 0.2%

Value ($000) $731 (+100.5%) Shares 4,000 (+33.3%) Est. Cost — Unrealized —

TSN Tyson Foods Inc 0.3%

Value ($000) $1,310 (+36.4%) Shares 22,339 (+26.4%) Est. Cost $56.32 Unrealized -3.0%

TBBB BBB Foods Inc 0.3%

Value ($000) $1,439 (+31.8%) Shares 43,100 (+6.4%) Est. Cost $26.23 Unrealized +14.0%

AMZN Amazon.com Inc 0.5%

Value ($000) $2,308 (+16.8%) Shares 10,000 (+11.1%) Est. Cost $177.40 Unrealized +29.0%

CPA Copa Holdings SA 1.1%

Value ($000) $4,510 (+7.6%) Shares 37,393 (+6.0%) Est. Cost $82.74 Unrealized +46.6%

DOO BRP INC/CA- Sub-Voting 0.4%

Value ($000) $1,651 (+22.4%) Shares 23,335 (+5.1%) Est. Cost $40.55 Unrealized +67.6%

JBI Janus International Group IN 0.6%

Value ($000) $2,456 (-10.7%) Shares 375,487 (+34.7%) Est. Cost $7.98 Unrealized -2.4%

FIS Fidelity National Information 0.8%

Value ($000) $3,396 (+9.5%) Shares 51,092 (+8.6%) Est. Cost $70.59 Unrealized -7.0%

NLOP Net Lease Office Properties 0.6%

Value ($000) $2,433 (+13.4%) Shares 94,327 (+30.4%) Est. Cost $29.79 Unrealized —

AGO Assured Guaranty Ltd 0.7%

Value ($000) $3,155 (+8.7%) Shares 35,109 (+2.4%) Est. Cost $62.89 Unrealized +37.1%

CRM Salesforce Inc 0.4%

Value ($000) $1,813 (+15.9%) Shares 6,843 (+3.7%) Est. Cost $205.47 Unrealized +20.8%

BATRK Atlanta Braves Holdings Inc 0.8%

Value ($000) $3,490 (+7.6%) Shares 88,467 (+13.5%) Est. Cost $38.61 Unrealized +2.4%

NOW ServiceNow Inc 0.3%

Value ($000) $1,163 (-16.8%) Shares 7,595 (+400.0%) Est. Cost $155.15 Unrealized +10.6%

DIS Walt Disney Co/The 1.4%

Value ($000) $5,926 (+4.1%) Shares 52,087 (+4.8%) Est. Cost $110.77 Unrealized -1.1%

NEU NewMarket Corp 0.4%

Value ($000) $1,520 (-12.1%) Shares 2,211 (+5.9%) Est. Cost $621.95 Unrealized +22.3%

AVY Avery Dennison Corp 0.1%

Value ($000) $472 (+67.5%) Shares 2,596 (+49.4%) Est. Cost $185.97 Unrealized -7.3%

MTN Vail Resorts Inc 0.1%

Value ($000) $587 (+37.9%) Shares 4,417 (+55.3%) Est. Cost $185.98 Unrealized -20.9%

TDW Tidewater Inc 0.4%

Value ($000) $1,685 (+9.1%) Shares 33,369 (+15.1%) Est. Cost $54.54 Unrealized -3.2%

ADBE Adobe Inc 0.2%

Value ($000) $1,022 (+15.8%) Shares 2,920 (+16.7%) Est. Cost $405.97 Unrealized -16.2%

WIX Wix.com Ltd 0.1%

Value ($000) $416 (-22.0%) Shares 4,000 (+33.3%) Est. Cost $142.95 Unrealized -15.4%

SPY State Street Spdr S&P 500 Etf 0.1%

Value ($000) $223 (+101.6%) Shares 327 (+97.0%) Est. Cost $630.30 Unrealized —

HD Home Depot Inc/The 0.3%

Value ($000) $1,351 (-5.1%) Shares 3,927 (+11.7%) Est. Cost $310.61 Unrealized +17.4%

NFG National Fuel Gas Co NJ 0.5%

Value ($000) $2,066 (-3.2%) Shares 25,806 (+11.6%) Est. Cost $74.95 Unrealized +9.9%

GPC Genuine Parts Co 0.1%

Value ($000) $590 (+6.1%) Shares 4,800 (+19.6%) Est. Cost $131.05 Unrealized -1.8%

EHC Encompass Health Corp 0.4%

Value ($000) $1,781 (+1.1%) Shares 16,776 (+21.0%) Est. Cost $65.26 Unrealized +77.3%

CMCSA Comcast Corp 0.1%

Value ($000) $370 (+3.6%) Shares 12,393 (+8.9%) Est. Cost $40.88 Unrealized -30.2%

WIX Wix.com Ltd 2.4%

Value ($000) $10,179 (-0.1%) Shares 97,974 (+70.9%) Est. Cost $142.95 Unrealized -15.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HUBG	Hub Group Inc	321,415 (+2.0%)	$13,695 (+26.2%)	3.2%	$40.19	-5.4%	COM	443320106
BRKR	Bruker Corp	102,700 (+51.0%)	$4,838 (+119.0%)	1.1%	$45.40	-7.0%	COM	116794108
WHD	Cactus Inc. A	146,042 (+24.2%)	$6,671 (+43.8%)	1.6%	$49.42	-15.4%	COM	127203107
ALGN	Align Technology Inc	19,495 (+124.3%)	$3,044 (+179.7%)	0.7%	$164.24	-12.7%	COM	016255101
UNH	UnitedHealth Group Inc	8,000 (+300.0%)	$2,641 (+282.4%)	0.6%	$374.94	-10.1%	CALL	91324P102
WOR	Worthington Inc	78,306 (+103.0%)	$4,038 (+88.6%)	1.0%	$50.04	+10.3%	COM	981811102
CRTO	Criteo SA	551,407 (+28.2%)	$11,364 (+16.9%)	2.7%	$26.41	—	ADR	226718104
PPG	PPG Industries Inc	25,989 (+110.2%)	$2,663 (+104.9%)	0.6%	$104.17	-3.9%	COM	693506107
MUSA	Murphy USA Inc.	9,765 (+45.4%)	$3,940 (+51.2%)	0.9%	$404.53	-5.2%	COM	626755102
POOL	Pool Corp	20,578 (+87.6%)	$4,707 (+38.4%)	1.1%	$280.65	-7.6%	COM	73278L105
FOUR	Shift 4 Payments Inc. Cl A	52,752 (+85.7%)	$3,322 (+51.1%)	0.8%	$80.81	-12.6%	COM	82452J109
EPAM	EPAM Systems Inc	15,939 (+8.5%)	$3,266 (+47.5%)	0.8%	$181.70	-1.9%	COM	29414B104
SNCY	Sun Country Airlines Holding	239,179 (+14.2%)	$3,442 (+39.2%)	0.8%	$12.43	+2.8%	COM	866683105
ACN	Accenture PLC	14,503 (+22.2%)	$3,891 (+33.0%)	0.9%	$269.35	-5.7%	COM	G1151C101
PAL	Proficient Auto Logistics Inc	239,980 (+19.4%)	$2,313 (+67.0%)	0.5%	$7.44	+5.4%	COM	74317M104
GMED	Globus Med Inc Cl A	26,597 (+4.4%)	$2,322 (+59.1%)	0.5%	$58.35	+30.1%	COM	379577208
LECO	Lincoln Electric Holdings Inc	37,840 (+7.9%)	$9,068 (+9.6%)	2.1%	$203.63	+16.3%	COM	533900106
NOMD	Nomad Foods LTD	122,400 (+119.0%)	$1,531 (+108.3%)	0.4%	$14.84	-17.8%	COM	G6564A105
AMZN	Amazon.com Inc	39,184 (+2.8%)	$9,044 (+8.0%)	2.1%	$177.40	+29.0%	COM	023135106
GBX	Greenbrier Cos Inc/The	92,695 (+15.3%)	$4,333 (+16.7%)	1.0%	$38.26	+16.1%	COM	393657101
SYY	Sysco Corp	86,042 (+2.0%)	$6,340 (-8.7%)	1.5%	$70.34	+7.3%	COM	871829107
SUPN	Supernus Pharmaceuticals Inc.	49,910 (+24.0%)	$2,481 (+29.0%)	0.6%	$41.89	+16.1%	COM	868459108
NOW	ServiceNow Inc	6,000 (+300.0%)	$919 (-33.4%)	0.2%	$155.15	+10.6%	PUT	81762P102
ACGL	Arch Capital Group Ltd	61,807 (+2.4%)	$5,929 (+8.3%)	1.4%	$57.53	+59.0%	COM	G0450A105
GLOB	Globant SA	16,800 (+43.6%)	$1,098 (+63.6%)	0.3%	$70.34	-10.6%	COM	L44385109
DECK	Deckers Outdoor Corp.	9,903 (+55.3%)	$1,027 (+58.9%)	0.2%	$104.49	-10.3%	COM	243537107
AR	Antero Resources Corp	129,130 (+6.2%)	$4,450 (+9.0%)	1.0%	$31.39	+7.9%	COM	03674X106
AXSM	Axsome Therapeutics Inc.	4,000 (+33.3%)	$731 (+100.5%)	0.2%	—	—	CALL	05464T104
TSN	Tyson Foods Inc	22,339 (+26.4%)	$1,310 (+36.4%)	0.3%	$56.32	-3.0%	COM	902494103
TBBB	BBB Foods Inc	43,100 (+6.4%)	$1,439 (+31.8%)	0.3%	$26.23	+14.0%	COM	G0896C103
AMZN	Amazon.com Inc	10,000 (+11.1%)	$2,308 (+16.8%)	0.5%	$177.40	+29.0%	PUT	023135106
CPA	Copa Holdings SA	37,393 (+6.0%)	$4,510 (+7.6%)	1.1%	$82.74	+46.6%	COM	P31076105
DOO	BRP INC/CA- Sub-Voting	23,335 (+5.1%)	$1,651 (+22.4%)	0.4%	$40.55	+67.6%	COM	05577W200
JBI	Janus International Group IN	375,487 (+34.7%)	$2,456 (-10.7%)	0.6%	$7.98	-2.4%	COM	47103N106
FIS	Fidelity National Information	51,092 (+8.6%)	$3,396 (+9.5%)	0.8%	$70.59	-7.0%	COM	31620M106
NLOP	Net Lease Office Properties	94,327 (+30.4%)	$2,433 (+13.4%)	0.6%	$29.79	—	COM	64110Y108
AGO	Assured Guaranty Ltd	35,109 (+2.4%)	$3,155 (+8.7%)	0.7%	$62.89	+37.1%	COM	G0585R106
CRM	Salesforce Inc	6,843 (+3.7%)	$1,813 (+15.9%)	0.4%	$205.47	+20.8%	COM	79466L302
BATRK	Atlanta Braves Holdings Inc	88,467 (+13.5%)	$3,490 (+7.6%)	0.8%	$38.61	+2.4%	COM	047726302
NOW	ServiceNow Inc	7,595 (+400.0%)	$1,163 (-16.8%)	0.3%	$155.15	+10.6%	COM	81762P102
DIS	Walt Disney Co/The	52,087 (+4.8%)	$5,926 (+4.1%)	1.4%	$110.77	-1.1%	COM	254687106
NEU	NewMarket Corp	2,211 (+5.9%)	$1,520 (-12.1%)	0.4%	$621.95	+22.3%	COM	651587107
AVY	Avery Dennison Corp	2,596 (+49.4%)	$472 (+67.5%)	0.1%	$185.97	-7.3%	COM	053611109
MTN	Vail Resorts Inc	4,417 (+55.3%)	$587 (+37.9%)	0.1%	$185.98	-20.9%	COM	91879Q109
TDW	Tidewater Inc	33,369 (+15.1%)	$1,685 (+9.1%)	0.4%	$54.54	-3.2%	COM	88642R109
ADBE	Adobe Inc	2,920 (+16.7%)	$1,022 (+15.8%)	0.2%	$405.97	-16.2%	COM	00724F101
WIX	Wix.com Ltd	4,000 (+33.3%)	$416 (-22.0%)	0.1%	$142.95	-15.4%	PUT	M98068105
SPY	State Street Spdr S&P 500 Etf	327 (+97.0%)	$223 (+101.6%)	0.1%	$630.30	—	COM	78462F103
HD	Home Depot Inc/The	3,927 (+11.7%)	$1,351 (-5.1%)	0.3%	$310.61	+17.4%	COM	437076102
NFG	National Fuel Gas Co NJ	25,806 (+11.6%)	$2,066 (-3.2%)	0.5%	$74.95	+9.9%	COM	636180101
GPC	Genuine Parts Co	4,800 (+19.6%)	$590 (+6.1%)	0.1%	$131.05	-1.8%	COM	372460105
EHC	Encompass Health Corp	16,776 (+21.0%)	$1,781 (+1.1%)	0.4%	$65.26	+77.3%	COM	29261A100
CMCSA	Comcast Corp	12,393 (+8.9%)	$370 (+3.6%)	0.1%	$40.88	-30.2%	COM	20030N101
WIX	Wix.com Ltd	97,974 (+70.9%)	$10,179 (-0.1%)	2.4%	$142.95	-15.4%	COM	M98068105

Exited Positions (30)

— Indivior PLC 0.8%

Value ($000) $3,436 Shares 142,511 Est. Cost $14.58 Unrealized —

NVDA Nvidia Corp 0.7%

Value ($000) $2,892 Shares 15,500 Est. Cost $174.29 Unrealized +6.8%

TTEK Tetra Tech Inc 0.6%

Value ($000) $2,697 Shares 80,787 Est. Cost $39.69 Unrealized -14.8%

SRCE 1st Source Corp 0.5%

Value ($000) $2,050 Shares 33,308 Est. Cost $49.78 Unrealized —

JNJ Johnson & Johnson 0.4%

Value ($000) $1,854 Shares 10,000 Est. Cost $146.23 Unrealized +34.7%

FROG JFrog Ltd 0.3%

Value ($000) $1,444 Shares 30,503 Est. Cost $29.45 Unrealized +93.1%

V Visa Inc 0.3%

Value ($000) $1,366 Shares 4,000 Est. Cost $215.65 Unrealized +57.8%

NVDA Nvidia Corp 0.3%

Value ($000) $1,306 Shares 7,000 Est. Cost $174.29 Unrealized +6.8%

ABBV AbbVie Inc 0.3%

Value ($000) $1,158 Shares 5,000 Est. Cost $112.62 Unrealized +102.0%

OLLI Ollie's Bargain Outlet Holding 0.2%

Value ($000) $1,023 Shares 7,970 Est. Cost $68.04 Unrealized +77.2%

MAS Masco Corp 0.2%

Value ($000) $877 Shares 12,465 Est. Cost $70.98 Unrealized -8.8%

— Mr Cooper Group Inc 0.2%

Value ($000) $826 Shares 3,917 Est. Cost $54.32 Unrealized —

PYPL PayPal Holdings Inc 0.2%

Value ($000) $710 Shares 10,592 Est. Cost $72.27 Unrealized -10.3%

ADBE Adobe Inc 0.2%

Value ($000) $706 Shares 2,000 Est. Cost $405.97 Unrealized -16.2%

AVGO Broadcom Inc 0.2%

Value ($000) $660 Shares 2,000 Est. Cost $305.74 Unrealized +16.8%

WNC Wabash National Corp 0.2%

Value ($000) $654 Shares 66,306 Est. Cost $11.07 Unrealized -21.9%

KDP Keurig Dr Pepper Inc 0.1%

Value ($000) $510 Shares 20,000 Est. Cost — Unrealized —

TER Teradyne Inc 0.1%

Value ($000) $427 Shares 3,100 Est. Cost $92.36 Unrealized +85.7%

UHG United Homes Group Inc. CL A 0.1%

Value ($000) $413 Shares 100,000 Est. Cost $3.92 Unrealized -50.6%

JPM JPMorgan Chase & Co 0.1%

Value ($000) $383 Shares 1,215 Est. Cost $113.53 Unrealized +172.6%

GMED Globus Med Inc Cl A 0.1%

Value ($000) $372 Shares 6,500 Est. Cost $58.35 Unrealized +30.1%

TSLA Tesla Inc 0.1%

Value ($000) $311 Shares 700 Est. Cost $346.84 Unrealized +27.8%

AMD Advanced Micro Devices Inc 0.1%

Value ($000) $307 Shares 1,900 Est. Cost $109.82 Unrealized +104.5%

CVS CVS Health Corp 0.1%

Value ($000) $302 Shares 4,000 Est. Cost — Unrealized —

LYB LyondellBasell Industries NV 0.1%

Value ($000) $294 Shares 6,000 Est. Cost — Unrealized —

ETOR Etoro Group LTD-A 0.1%

Value ($000) $248 Shares 6,000 Est. Cost — Unrealized —

NVDA Nvidia Corp 0.0%

Value ($000) $108 Shares 577 Est. Cost $174.29 Unrealized +6.8%

SEMR SEMrush Holdings Inc 0.0%

Value ($000) $87 Shares 12,249 Est. Cost $13.56 Unrealized -30.9%

TSLA Tesla Inc 0.0%

Value ($000) $12 Shares 26 Est. Cost $346.84 Unrealized +27.8%

AVGO Broadcom Inc 0.0%

Value ($000) $9 Shares 28 Est. Cost $305.74 Unrealized +16.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Indivior PLC	142,511	$3,436	0.8%	$14.58	—	—	G4766E116
NVDA	Nvidia Corp	15,500	$2,892	0.7%	$174.29	+6.8%	PUT	67066G104
TTEK	Tetra Tech Inc	80,787	$2,697	0.6%	$39.69	-14.8%	—	88162G103
SRCE	1st Source Corp	33,308	$2,050	0.5%	$49.78	—	—	336901103
JNJ	Johnson & Johnson	10,000	$1,854	0.4%	$146.23	+34.7%	PUT	478160104
FROG	JFrog Ltd	30,503	$1,444	0.3%	$29.45	+93.1%	—	M6191J100
V	Visa Inc	4,000	$1,366	0.3%	$215.65	+57.8%	PUT	92826C839
NVDA	Nvidia Corp	7,000	$1,306	0.3%	$174.29	+6.8%	CALL	67066G104
ABBV	AbbVie Inc	5,000	$1,158	0.3%	$112.62	+102.0%	PUT	00287Y109
OLLI	Ollie's Bargain Outlet Holding	7,970	$1,023	0.2%	$68.04	+77.2%	—	681116109
MAS	Masco Corp	12,465	$877	0.2%	$70.98	-8.8%	—	574599106
—	Mr Cooper Group Inc	3,917	$826	0.2%	$54.32	—	—	62482R107
PYPL	PayPal Holdings Inc	10,592	$710	0.2%	$72.27	-10.3%	—	70450Y103
ADBE	Adobe Inc	2,000	$706	0.2%	$405.97	-16.2%	PUT	00724F101
AVGO	Broadcom Inc	2,000	$660	0.2%	$305.74	+16.8%	PUT	11135F101
WNC	Wabash National Corp	66,306	$654	0.2%	$11.07	-21.9%	—	929566107
KDP	Keurig Dr Pepper Inc	20,000	$510	0.1%	—	—	CALL	49271V100
TER	Teradyne Inc	3,100	$427	0.1%	$92.36	+85.7%	PUT	880770102
UHG	United Homes Group Inc. CL A	100,000	$413	0.1%	$3.92	-50.6%	—	91060H108
JPM	JPMorgan Chase & Co	1,215	$383	0.1%	$113.53	+172.6%	—	46625H100
GMED	Globus Med Inc Cl A	6,500	$372	0.1%	$58.35	+30.1%	CALL	379577208
TSLA	Tesla Inc	700	$311	0.1%	$346.84	+27.8%	CALL	88160R101
AMD	Advanced Micro Devices Inc	1,900	$307	0.1%	$109.82	+104.5%	PUT	007903107
CVS	CVS Health Corp	4,000	$302	0.1%	—	—	CALL	126650100
LYB	LyondellBasell Industries NV	6,000	$294	0.1%	—	—	PUT	N53745100
ETOR	Etoro Group LTD-A	6,000	$248	0.1%	—	—	PUT	G32089107
NVDA	Nvidia Corp	577	$108	0.0%	$174.29	+6.8%	—	67066G104
SEMR	SEMrush Holdings Inc	12,249	$87	0.0%	$13.56	-30.9%	—	81686C104
TSLA	Tesla Inc	26	$12	0.0%	$346.84	+27.8%	—	88160R101
AVGO	Broadcom Inc	28	$9	0.0%	$305.74	+16.8%	—	11135F101

Decreased Positions (54)

SPY State Street Spdr S&P 500 Etf 1.6%

Value ($000) $6,819 (-57.3%) Shares 10,000 (-58.3%) Est. Cost $630.30 Unrealized —

VVV Valvoline Inc 0.9%

Value ($000) $3,887 (-50.3%) Shares 133,756 (-38.6%) Est. Cost $36.14 Unrealized -11.2%

KEX Kirby Corp 4.0%

Value ($000) $16,973 (+26.7%) Shares 154,048 (-4.0%) Est. Cost $73.86 Unrealized +37.6%

GHC Graham Holdings Co 1.3%

Value ($000) $5,404 (-33.6%) Shares 4,919 (-28.9%) Est. Cost $590.72 Unrealized +80.6%

AGM Federal Agric Mtg Corp Cl C 0.1%

Value ($000) $578 (-77.9%) Shares 3,292 (-78.8%) Est. Cost $189.04 Unrealized -11.6%

TER Teradyne Inc 1.0%

Value ($000) $4,270 (-30.3%) Shares 22,060 (-50.4%) Est. Cost $92.36 Unrealized +85.7%

GOOGL Alphabet Inc 0.5%

Value ($000) $2,191 (-43.7%) Shares 7,000 (-56.3%) Est. Cost $114.35 Unrealized +149.8%

PFGC Performance Food Group Co 0.7%

Value ($000) $2,805 (-37.7%) Shares 31,194 (-27.9%) Est. Cost $61.25 Unrealized +57.7%

MSFT Microsoft Corp 0.5%

Value ($000) $1,934 (-46.6%) Shares 4,000 (-42.9%) Est. Cost $299.01 Unrealized +67.4%

BWXT BWX Technologies Inc 0.2%

Value ($000) $984 (-61.0%) Shares 5,695 (-58.4%) Est. Cost $58.96 Unrealized +217.9%

GOOGL Alphabet Inc 2.8%

Value ($000) $11,730 (+14.7%) Shares 37,476 (-10.9%) Est. Cost $114.35 Unrealized +149.8%

ACN Accenture PLC 0.2%

Value ($000) $805 (-63.7%) Shares 3,000 (-66.7%) Est. Cost $269.35 Unrealized -5.7%

AIT Applied Industrial Technologie 1.3%

Value ($000) $5,324 (-20.2%) Shares 20,734 (-18.8%) Est. Cost $133.35 Unrealized +91.3%

RRC Range Resources Corp 0.6%

Value ($000) $2,345 (-33.4%) Shares 66,496 (-28.9%) Est. Cost $30.69 Unrealized +21.4%

META Meta Platforms Inc 0.3%

Value ($000) $1,452 (-38.2%) Shares 2,200 (-31.3%) Est. Cost $195.62 Unrealized +241.1%

AGI Alamos Gold Inc 1.1%

Value ($000) $4,481 (-16.0%) Shares 116,144 (-24.1%) Est. Cost $12.43 Unrealized +180.3%

NOC Northrop Grumman Corp 0.8%

Value ($000) $3,471 (-19.3%) Shares 6,087 (-13.8%) Est. Cost $401.17 Unrealized +44.3%

COKE Coca-Cola Consolidated Inc 1.0%

Value ($000) $4,264 (+20.1%) Shares 27,818 (-8.2%) Est. Cost $117.41 Unrealized +24.7%

ABBV AbbVie Inc 0.4%

Value ($000) $1,701 (-29.5%) Shares 7,445 (-28.6%) Est. Cost $112.62 Unrealized +102.0%

ZTS Zoetis Inc 0.1%

Value ($000) $566 (-51.6%) Shares 4,500 (-43.8%) Est. Cost $162.83 Unrealized -20.0%

CRM Salesforce Inc 0.2%

Value ($000) $795 (-36.7%) Shares 3,000 (-43.4%) Est. Cost $205.47 Unrealized +20.8%

TMO Thermo Fisher Scientific Inc 1.2%

Value ($000) $4,930 (+9.2%) Shares 8,508 (-8.6%) Est. Cost $467.06 Unrealized +21.0%

MMM 3M Co 0.2%

Value ($000) $1,036 (-27.5%) Shares 6,474 (-29.7%) Est. Cost $82.18 Unrealized +98.6%

META Meta Platforms Inc 0.5%

Value ($000) $1,980 (-16.2%) Shares 3,000 (-6.8%) Est. Cost $195.62 Unrealized +241.1%

BOKF BOK Financial Corp 0.5%

Value ($000) $2,114 (-14.9%) Shares 17,849 (-20.0%) Est. Cost $88.53 Unrealized +25.7%

BKR Baker Hughes Co 0.2%

Value ($000) $911 (-28.9%) Shares 20,000 (-24.0%) Est. Cost $25.47 Unrealized +85.9%

AXS Axis Capital Holdings Ltd 1.2%

Value ($000) $5,155 (+7.7%) Shares 48,136 (-3.7%) Est. Cost $58.10 Unrealized +71.0%

ABT Abbott Laboratories 0.8%

Value ($000) $3,412 (-8.7%) Shares 27,229 (-2.3%) Est. Cost $107.73 Unrealized +18.2%

C Citigroup Inc 0.5%

Value ($000) $1,926 (-13.9%) Shares 16,504 (-25.1%) Est. Cost $46.72 Unrealized +121.8%

NKE NIKE Inc 0.2%

Value ($000) $956 (-23.9%) Shares 15,000 (-16.7%) Est. Cost $78.10 Unrealized -16.9%

DE Deere & Co 0.2%

Value ($000) $912 (-23.0%) Shares 1,959 (-24.4%) Est. Cost $353.79 Unrealized +32.2%

CSX CSX Corp 1.6%

Value ($000) $6,957 (-3.3%) Shares 191,927 (-5.3%) Est. Cost $31.98 Unrealized +11.6%

MET MetLife Inc 0.4%

Value ($000) $1,851 (-11.1%) Shares 23,444 (-7.2%) Est. Cost $63.87 Unrealized +23.6%

BKNG Booking Holdings Inc 0.3%

Value ($000) $1,366 (-14.0%) Shares 255 (-13.3%) Est. Cost $3043.19 Unrealized +68.8%

SBUX Starbucks Corp 0.2%

Value ($000) $922 (-18.6%) Shares 10,948 (-18.2%) Est. Cost $83.75 Unrealized +0.4%

MAMA Mama's Creations Inc 0.7%

Value ($000) $3,056 (-6.1%) Shares 226,551 (-26.9%) Est. Cost $5.70 Unrealized +101.7%

BAC Bank of America Corp 0.3%

Value ($000) $1,379 (-11.7%) Shares 25,065 (-17.2%) Est. Cost $32.36 Unrealized +62.8%

SU Suncor Energy Inc 0.6%

Value ($000) $2,412 (-7.0%) Shares 54,368 (-12.3%) Est. Cost $24.86 Unrealized +70.0%

JNJ Johnson & Johnson 1.6%

Value ($000) $6,853 (-2.6%) Shares 33,116 (-12.7%) Est. Cost $146.23 Unrealized +34.7%

C Citigroup Inc 0.5%

Value ($000) $2,159 (+9.1%) Shares 18,500 (-5.1%) Est. Cost $46.72 Unrealized +121.8%

PEP PepsiCo Inc 1.1%

Value ($000) $4,733 (-3.4%) Shares 32,979 (-5.5%) Est. Cost $147.69 Unrealized -1.2%

FDX FedEx Corp 0.3%

Value ($000) $1,364 (+13.4%) Shares 4,722 (-7.4%) Est. Cost $203.51 Unrealized +28.5%

MDT Medtronic PLC 0.1%

Value ($000) $562 (-21.0%) Shares 5,846 (-21.6%) Est. Cost $83.64 Unrealized +16.1%

SEB Seaboard Corp 0.6%

Value ($000) $2,711 (+4.6%) Shares 610 (-14.2%) Est. Cost $3245.12 Unrealized +21.8%

MMM 3M Co 0.3%

Value ($000) $1,281 (-8.3%) Shares 8,000 (-11.1%) Est. Cost $82.18 Unrealized +98.6%

IBP Installed Bldg Prods Inc 0.7%

Value ($000) $2,791 (-3.5%) Shares 10,759 (-8.2%) Est. Cost $168.77 Unrealized +53.0%

IONS Ionis Pharmaceuticals Inc 0.1%

Value ($000) $396 (-19.4%) Shares 5,000 (-33.3%) Est. Cost — Unrealized —

LIN Linde PLC Shs 0.1%

Value ($000) $366 (-20.3%) Shares 859 (-11.3%) Est. Cost $322.30 Unrealized +32.6%

MPLX MPLX LP 0.4%

Value ($000) $1,886 (+5.2%) Shares 35,346 (-1.6%) Est. Cost $43.68 Unrealized —

DECK Deckers Outdoor Corp. 0.1%

Value ($000) $518 (-14.8%) Shares 5,000 (-16.7%) Est. Cost $104.49 Unrealized -10.3%

MOV Movado Group PLC 0.9%

Value ($000) $3,815 (+1.4%) Shares 185,006 (-6.7%) Est. Cost $19.16 Unrealized +1.8%

TJX TJX Cos Inc/The 0.3%

Value ($000) $1,437 (+3.7%) Shares 9,358 (-2.5%) Est. Cost $62.36 Unrealized +136.8%

BAC Bank of America Corp 0.3%

Value ($000) $1,375 (-3.1%) Shares 25,000 (-9.1%) Est. Cost $32.36 Unrealized +62.8%

SCHW Charles Schwab Corp/The 0.3%

Value ($000) $1,426 (+1.0%) Shares 14,273 (-3.5%) Est. Cost $72.20 Unrealized +31.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	State Street Spdr S&P 500 Etf	10,000 (-58.3%)	$6,819 (-57.3%)	1.6%	$630.30	—	PUT	78462F103
VVV	Valvoline Inc	133,756 (-38.6%)	$3,887 (-50.3%)	0.9%	$36.14	-11.2%	COM	92047W101
KEX	Kirby Corp	154,048 (-4.0%)	$16,973 (+26.7%)	4.0%	$73.86	+37.6%	COM	497266106
GHC	Graham Holdings Co	4,919 (-28.9%)	$5,404 (-33.6%)	1.3%	$590.72	+80.6%	COM	384637104
AGM	Federal Agric Mtg Corp Cl C	3,292 (-78.8%)	$578 (-77.9%)	0.1%	$189.04	-11.6%	COM	313148306
TER	Teradyne Inc	22,060 (-50.4%)	$4,270 (-30.3%)	1.0%	$92.36	+85.7%	COM	880770102
GOOGL	Alphabet Inc	7,000 (-56.3%)	$2,191 (-43.7%)	0.5%	$114.35	+149.8%	PUT	02079K305
PFGC	Performance Food Group Co	31,194 (-27.9%)	$2,805 (-37.7%)	0.7%	$61.25	+57.7%	COM	71377A103
MSFT	Microsoft Corp	4,000 (-42.9%)	$1,934 (-46.6%)	0.5%	$299.01	+67.4%	PUT	594918104
BWXT	BWX Technologies Inc	5,695 (-58.4%)	$984 (-61.0%)	0.2%	$58.96	+217.9%	COM	05605H100
GOOGL	Alphabet Inc	37,476 (-10.9%)	$11,730 (+14.7%)	2.8%	$114.35	+149.8%	COM	02079K305
ACN	Accenture PLC	3,000 (-66.7%)	$805 (-63.7%)	0.2%	$269.35	-5.7%	PUT	G1151C101
AIT	Applied Industrial Technologie	20,734 (-18.8%)	$5,324 (-20.2%)	1.3%	$133.35	+91.3%	COM	03820C105
RRC	Range Resources Corp	66,496 (-28.9%)	$2,345 (-33.4%)	0.6%	$30.69	+21.4%	COM	75281A109
META	Meta Platforms Inc	2,200 (-31.3%)	$1,452 (-38.2%)	0.3%	$195.62	+241.1%	PUT	30303M102
AGI	Alamos Gold Inc	116,144 (-24.1%)	$4,481 (-16.0%)	1.1%	$12.43	+180.3%	COM	011532108
NOC	Northrop Grumman Corp	6,087 (-13.8%)	$3,471 (-19.3%)	0.8%	$401.17	+44.3%	COM	666807102
COKE	Coca-Cola Consolidated Inc	27,818 (-8.2%)	$4,264 (+20.1%)	1.0%	$117.41	+24.7%	COM	191098102
ABBV	AbbVie Inc	7,445 (-28.6%)	$1,701 (-29.5%)	0.4%	$112.62	+102.0%	COM	00287Y109
ZTS	Zoetis Inc	4,500 (-43.8%)	$566 (-51.6%)	0.1%	$162.83	-20.0%	PUT	98978V103
CRM	Salesforce Inc	3,000 (-43.4%)	$795 (-36.7%)	0.2%	$205.47	+20.8%	PUT	79466L302
TMO	Thermo Fisher Scientific Inc	8,508 (-8.6%)	$4,930 (+9.2%)	1.2%	$467.06	+21.0%	COM	883556102
MMM	3M Co	6,474 (-29.7%)	$1,036 (-27.5%)	0.2%	$82.18	+98.6%	COM	88579Y101
META	Meta Platforms Inc	3,000 (-6.8%)	$1,980 (-16.2%)	0.5%	$195.62	+241.1%	COM	30303M102
BOKF	BOK Financial Corp	17,849 (-20.0%)	$2,114 (-14.9%)	0.5%	$88.53	+25.7%	COM	05561Q201
BKR	Baker Hughes Co	20,000 (-24.0%)	$911 (-28.9%)	0.2%	$25.47	+85.9%	PUT	05722G100
AXS	Axis Capital Holdings Ltd	48,136 (-3.7%)	$5,155 (+7.7%)	1.2%	$58.10	+71.0%	COM	G0692U109
ABT	Abbott Laboratories	27,229 (-2.3%)	$3,412 (-8.7%)	0.8%	$107.73	+18.2%	COM	002824100
C	Citigroup Inc	16,504 (-25.1%)	$1,926 (-13.9%)	0.5%	$46.72	+121.8%	COM	172967424
NKE	NIKE Inc	15,000 (-16.7%)	$956 (-23.9%)	0.2%	$78.10	-16.9%	PUT	654106103
DE	Deere & Co	1,959 (-24.4%)	$912 (-23.0%)	0.2%	$353.79	+32.2%	COM	244199105
CSX	CSX Corp	191,927 (-5.3%)	$6,957 (-3.3%)	1.6%	$31.98	+11.6%	COM	126408103
MET	MetLife Inc	23,444 (-7.2%)	$1,851 (-11.1%)	0.4%	$63.87	+23.6%	COM	59156R108
BKNG	Booking Holdings Inc	255 (-13.3%)	$1,366 (-14.0%)	0.3%	$3043.19	+68.8%	COM	09857L108
SBUX	Starbucks Corp	10,948 (-18.2%)	$922 (-18.6%)	0.2%	$83.75	+0.4%	COM	855244109
MAMA	Mama's Creations Inc	226,551 (-26.9%)	$3,056 (-6.1%)	0.7%	$5.70	+101.7%	COM	56146T103
BAC	Bank of America Corp	25,065 (-17.2%)	$1,379 (-11.7%)	0.3%	$32.36	+62.8%	COM	060505104
SU	Suncor Energy Inc	54,368 (-12.3%)	$2,412 (-7.0%)	0.6%	$24.86	+70.0%	COM	867224107
JNJ	Johnson & Johnson	33,116 (-12.7%)	$6,853 (-2.6%)	1.6%	$146.23	+34.7%	COM	478160104
C	Citigroup Inc	18,500 (-5.1%)	$2,159 (+9.1%)	0.5%	$46.72	+121.8%	PUT	172967424
PEP	PepsiCo Inc	32,979 (-5.5%)	$4,733 (-3.4%)	1.1%	$147.69	-1.2%	COM	713448108
FDX	FedEx Corp	4,722 (-7.4%)	$1,364 (+13.4%)	0.3%	$203.51	+28.5%	COM	31428X106
MDT	Medtronic PLC	5,846 (-21.6%)	$562 (-21.0%)	0.1%	$83.64	+16.1%	COM	G5960L103
SEB	Seaboard Corp	610 (-14.2%)	$2,711 (+4.6%)	0.6%	$3245.12	+21.8%	COM	811543107
MMM	3M Co	8,000 (-11.1%)	$1,281 (-8.3%)	0.3%	$82.18	+98.6%	PUT	88579Y101
IBP	Installed Bldg Prods Inc	10,759 (-8.2%)	$2,791 (-3.5%)	0.7%	$168.77	+53.0%	COM	45780R101
IONS	Ionis Pharmaceuticals Inc	5,000 (-33.3%)	$396 (-19.4%)	0.1%	—	—	CALL	462222100
LIN	Linde PLC Shs	859 (-11.3%)	$366 (-20.3%)	0.1%	$322.30	+32.6%	COM	G54950103
MPLX	MPLX LP	35,346 (-1.6%)	$1,886 (+5.2%)	0.4%	$43.68	—	COM	55336V100
DECK	Deckers Outdoor Corp.	5,000 (-16.7%)	$518 (-14.8%)	0.1%	$104.49	-10.3%	PUT	243537107
MOV	Movado Group PLC	185,006 (-6.7%)	$3,815 (+1.4%)	0.9%	$19.16	+1.8%	COM	624580106
TJX	TJX Cos Inc/The	9,358 (-2.5%)	$1,437 (+3.7%)	0.3%	$62.36	+136.8%	COM	872540109
BAC	Bank of America Corp	25,000 (-9.1%)	$1,375 (-3.1%)	0.3%	$32.36	+62.8%	PUT	060505104
SCHW	Charles Schwab Corp/The	14,273 (-3.5%)	$1,426 (+1.0%)	0.3%	$72.20	+31.2%	COM	808513105

Unchanged Positions (34)

SIBN SI-BONE Inc 0.7%

Value ($000) $2,769 Shares 140,412 Est. Cost $16.78 Unrealized +3.5%

ZTS Zoetis Inc 0.4%

Value ($000) $1,871 Shares 14,873 Est. Cost $162.83 Unrealized -20.0%

EPAM EPAM Systems Inc 0.2%

Value ($000) $1,024 Shares 5,000 Est. Cost $181.70 Unrealized -1.9%

MSFT Microsoft Corp 0.8%

Value ($000) $3,515 Shares 7,268 Est. Cost $299.01 Unrealized +67.4%

ALGN Align Technology Inc 0.3%

Value ($000) $1,171 Shares 7,500 Est. Cost $164.24 Unrealized -12.7%

AZN AstraZeneca PLC 0.3%

Value ($000) $1,286 Shares 13,987 Est. Cost $64.81 Unrealized —

UBER Uber Technologies Inc 0.2%

Value ($000) $988 Shares 12,096 Est. Cost $57.50 Unrealized +56.6%

UBER Uber Technologies Inc 0.2%

Value ($000) $817 Shares 10,000 Est. Cost $57.50 Unrealized +56.6%

NKE NIKE Inc 0.3%

Value ($000) $1,433 Shares 22,495 Est. Cost $78.10 Unrealized -16.9%

OSG Octave Specialty Group Inc 0.3%

Value ($000) $1,391 Shares 178,752 Est. Cost $9.88 Unrealized -13.5%

AMD Advanced Micro Devices Inc 0.1%

Value ($000) $450 Shares 2,099 Est. Cost $109.82 Unrealized +104.5%

BKR Baker Hughes Co 0.3%

Value ($000) $1,463 Shares 32,122 Est. Cost $25.47 Unrealized +85.9%

WDAY Workday Inc 0.2%

Value ($000) $824 Shares 3,835 Est. Cost $239.36 Unrealized -5.1%

ADSK Autodesk Inc 0.3%

Value ($000) $1,323 Shares 4,470 Est. Cost $226.15 Unrealized +33.8%

ARCO Arcos Dorados Holdings Inc. -A 0.3%

Value ($000) $1,108 Shares 151,000 Est. Cost $7.25 Unrealized -1.5%

BRK/B Berkshire Hathaway Inc Cl B 2.8%

Value ($000) $11,767 Shares 23,410 Est. Cost $370.16 Unrealized +34.4%

GRMN Garmin Ltd 0.1%

Value ($000) $306 Shares 1,510 Est. Cost $180.13 Unrealized +20.3%

MPLX MPLX LP 0.2%

Value ($000) $1,019 Shares 19,100 Est. Cost $43.68 Unrealized —

IMKTA Ingles Markets Inc. - Class A 0.4%

Value ($000) $1,702 Shares 24,833 Est. Cost $63.63 Unrealized +13.9%

MDLZ Mondelez International Inc 0.1%

Value ($000) $265 Shares 4,923 Est. Cost $58.90 Unrealized -3.1%

V Visa Inc 0.3%

Value ($000) $1,487 Shares 4,239 Est. Cost $215.65 Unrealized +57.8%

WCC Wesco Intl Inc 0.1%

Value ($000) $280 Shares 1,146 Est. Cost $163.95 Unrealized +49.4%

BXP Boston Properties Inc 0.1%

Value ($000) $319 Shares 4,728 Est. Cost $64.41 Unrealized +9.3%

FIBK First Interstate Bancsys-A 0.1%

Value ($000) $398 Shares 11,501 Est. Cost $30.08 Unrealized +6.8%

AIG American Intl Group Inc 0.1%

Value ($000) $307 Shares 3,594 Est. Cost $56.66 Unrealized +40.6%

NWE Northwestern Energy Group Inc 0.1%

Value ($000) $273 Shares 4,233 Est. Cost $54.14 Unrealized +16.0%

KKR KKR & Co Inc Cl A 0.2%

Value ($000) $1,005 Shares 7,880 Est. Cost $110.47 Unrealized +12.5%

DE Deere & Co 0.2%

Value ($000) $885 Shares 1,900 Est. Cost $353.79 Unrealized +32.2%

TXN Texas Instruments Inc 0.1%

Value ($000) $235 Shares 1,353 Est. Cost $155.10 Unrealized +10.1%

BKNG Booking Holdings Inc 0.3%

Value ($000) $1,071 Shares 200 Est. Cost $3043.19 Unrealized +68.8%

VTI Vanguard Total Stock Market In 0.1%

Value ($000) $267 Shares 797 Est. Cost $328.17 Unrealized —

SPG Simon Property Group Inc 0.1%

Value ($000) $368 Shares 1,988 Est. Cost $112.36 Unrealized +60.2%

SBUX Starbucks Corp 0.2%

Value ($000) $657 Shares 7,800 Est. Cost $83.75 Unrealized +0.4%

UNH UnitedHealth Group Inc 0.0%

Value ($000) $1 Shares 4 Est. Cost $374.94 Unrealized -10.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SIBN	SI-BONE Inc	140,412	$2,769	0.7%	$16.78	+3.5%	COM	825704109
ZTS	Zoetis Inc	14,873	$1,871	0.4%	$162.83	-20.0%	COM	98978V103
EPAM	EPAM Systems Inc	5,000	$1,024	0.2%	$181.70	-1.9%	PUT	29414B104
MSFT	Microsoft Corp	7,268	$3,515	0.8%	$299.01	+67.4%	COM	594918104
ALGN	Align Technology Inc	7,500	$1,171	0.3%	$164.24	-12.7%	PUT	016255101
AZN	AstraZeneca PLC	13,987	$1,286	0.3%	$64.81	—	ADR	046353108
UBER	Uber Technologies Inc	12,096	$988	0.2%	$57.50	+56.6%	COM	90353T100
UBER	Uber Technologies Inc	10,000	$817	0.2%	$57.50	+56.6%	PUT	90353T100
NKE	NIKE Inc	22,495	$1,433	0.3%	$78.10	-16.9%	COM	654106103
OSG	Octave Specialty Group Inc	178,752	$1,391	0.3%	$9.88	-13.5%	COM	023139884
AMD	Advanced Micro Devices Inc	2,099	$450	0.1%	$109.82	+104.5%	COM	007903107
BKR	Baker Hughes Co	32,122	$1,463	0.3%	$25.47	+85.9%	COM	05722G100
WDAY	Workday Inc	3,835	$824	0.2%	$239.36	-5.1%	COM	98138H101
ADSK	Autodesk Inc	4,470	$1,323	0.3%	$226.15	+33.8%	COM	052769106
ARCO	Arcos Dorados Holdings Inc. -A	151,000	$1,108	0.3%	$7.25	-1.5%	COM	G0457F107
BRK/B	Berkshire Hathaway Inc Cl B	23,410	$11,767	2.8%	$370.16	+34.4%	COM	084670702
GRMN	Garmin Ltd	1,510	$306	0.1%	$180.13	+20.3%	COM	H2906T109
MPLX	MPLX LP	19,100	$1,019	0.2%	$43.68	—	PUT	55336V100
IMKTA	Ingles Markets Inc. - Class A	24,833	$1,702	0.4%	$63.63	+13.9%	COM	457030104
MDLZ	Mondelez International Inc	4,923	$265	0.1%	$58.90	-3.1%	COM	609207105
V	Visa Inc	4,239	$1,487	0.3%	$215.65	+57.8%	COM	92826C839
WCC	Wesco Intl Inc	1,146	$280	0.1%	$163.95	+49.4%	COM	95082P105
BXP	Boston Properties Inc	4,728	$319	0.1%	$64.41	+9.3%	COM	101121101
FIBK	First Interstate Bancsys-A	11,501	$398	0.1%	$30.08	+6.8%	COM	32055Y201
AIG	American Intl Group Inc	3,594	$307	0.1%	$56.66	+40.6%	COM	026874784
NWE	Northwestern Energy Group Inc	4,233	$273	0.1%	$54.14	+16.0%	COM	668074305
KKR	KKR & Co Inc Cl A	7,880	$1,005	0.2%	$110.47	+12.5%	COM	48251W104
DE	Deere & Co	1,900	$885	0.2%	$353.79	+32.2%	PUT	244199105
TXN	Texas Instruments Inc	1,353	$235	0.1%	$155.10	+10.1%	COM	882508104
BKNG	Booking Holdings Inc	200	$1,071	0.3%	$3043.19	+68.8%	PUT	09857L108
VTI	Vanguard Total Stock Market In	797	$267	0.1%	$328.17	—	COM	922908769
SPG	Simon Property Group Inc	1,988	$368	0.1%	$112.36	+60.2%	COM	828806109
SBUX	Starbucks Corp	7,800	$657	0.2%	$83.75	+0.4%	PUT	855244109
UNH	UnitedHealth Group Inc	4	$1	0.0%	$374.94	-10.1%	COM	91324P102