M & L Capital Management Ltd Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LITE	LUMENTUM HLDGS INC	39,150	$14,430	3.0%	$256.82	0.0%	COM	55024U109
COHR	COHERENT	21,700	$4,005	0.8%	$149.58	0.0%	COM	19247G107
TKO	TKO GROUP HOLDINGS INC	14,250	$2,978	0.6%	$193.76	0.0%	CL A	87256C101
VRT	VERTIV HOLDINGS CO	14,700	$2,382	0.5%	$173.58	0.0%	COM CL A	92537N108
PODD	INSULET CORP	5,630	$1,600	0.3%	$312.66	0.0%	COM	45784P101
XOVR	ENTREPRENEURSHARES SERIES TR	56,973	$1,147	0.2%	$20.14	—	ERSHARES PRIVATE	293828877
ICLN	ISHARES TR	58,500	$961	0.2%	$16.43	—	GL CLEAN ENE ETF	464288224

Increased Positions (6)

CIEN CIENA CORP 1.8%

Value ($000) $8,478 (+1087.7%) Shares 36,250 (+639.8%) Est. Cost $181.54 Unrealized +6.9%

KRMN KARMAN HLDGS INC 0.7%

Value ($000) $3,419 (+220.0%) Shares 46,729 (+215.7%) Est. Cost $66.85 Unrealized +8.3%

ROBO EXCHANGE TRADED CONCEPTS TRU 2.7%

Value ($000) $12,878 (+10.0%) Shares 185,810 (+4.1%) Est. Cost $65.71 Unrealized —

FWONK LIBERTY MEDIA CORP DEL 2.1%

Value ($000) $10,242 (+10.6%) Shares 103,965 (+17.3%) Est. Cost $93.09 Unrealized —

AVAV AEROVIRONMENT INC 0.5%

Value ($000) $2,274 (-19.8%) Shares 9,400 (+4.4%) Est. Cost $199.75 Unrealized +57.4%

CELH CELSIUS HLDGS INC 0.5%

Value ($000) $2,443 (+12.4%) Shares 53,400 (+41.3%) Est. Cost $43.99 Unrealized +14.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CIEN	CIENA CORP	36,250 (+639.8%)	$8,478 (+1087.7%)	1.8%	$181.54	+6.9%	COM NEW	171779309
KRMN	KARMAN HLDGS INC	46,729 (+215.7%)	$3,419 (+220.0%)	0.7%	$66.85	+8.3%	COMMON STOCK	485924104
ROBO	EXCHANGE TRADED CONCEPTS TRU	185,810 (+4.1%)	$12,878 (+10.0%)	2.7%	$65.71	—	ROBO GLB ETF	301505707
FWONK	LIBERTY MEDIA CORP DEL	103,965 (+17.3%)	$10,242 (+10.6%)	2.1%	$93.09	—	COM LBTY ONE S C	531229755
AVAV	AEROVIRONMENT INC	9,400 (+4.4%)	$2,274 (-19.8%)	0.5%	$199.75	+57.4%	COM	008073108
CELH	CELSIUS HLDGS INC	53,400 (+41.3%)	$2,443 (+12.4%)	0.5%	$43.99	+14.5%	COM NEW	15118V207

Exited Positions (7)

WDAY WORKDAY INC 0.9%

Value ($000) $4,237 Shares 17,600 Est. Cost $245.76 Unrealized -7.5%

CRM SALESFORCE INC 0.5%

Value ($000) $2,607 Shares 11,000 Est. Cost $266.04 Unrealized -6.7%

S SENTINELONE INC 0.3%

Value ($000) $1,338 Shares 76,000 Est. Cost $17.94 Unrealized -8.7%

KVYO KLAVIYO INC 0.1%

Value ($000) $712 Shares 25,700 Est. Cost $32.29 Unrealized -13.3%

— SPDR S&P 500 ETF TR 0.1%

Value ($000) $253 Shares 1,050 Est. Cost — Unrealized —

EQIX EQUINIX INC 0.1%

Value ($000) $247 Shares 315 Est. Cost $774.22 Unrealized +0.9%

MSI MOTOROLA SOLUTIONS INC 0.0%

Value ($000) $126 Shares 275 Est. Cost $468.46 Unrealized -14.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WDAY	WORKDAY INC	17,600	$4,237	0.9%	$245.76	-7.5%	—	98138H101
CRM	SALESFORCE INC	11,000	$2,607	0.5%	$266.04	-6.7%	—	79466L302
S	SENTINELONE INC	76,000	$1,338	0.3%	$17.94	-8.7%	—	81730H109
KVYO	KLAVIYO INC	25,700	$712	0.1%	$32.29	-13.3%	—	49845K101
—	SPDR S&P 500 ETF TR	1,050	$253	0.1%	—	—	PUT	78462F953
EQIX	EQUINIX INC	315	$247	0.1%	$774.22	+0.9%	—	29444U700
MSI	MOTOROLA SOLUTIONS INC	275	$126	0.0%	$468.46	-14.4%	—	620076307

Decreased Positions (3)

ANET ARISTA NETWORKS INC 2.3%

Value ($000) $11,269 (-67.9%) Shares 86,000 (-64.3%) Est. Cost $102.84 Unrealized +33.9%

AMD ADVANCED MICRO DEVICES INC 1.2%

Value ($000) $5,525 (-78.8%) Shares 25,800 (-84.0%) Est. Cost $143.89 Unrealized +56.1%

ARKX ARK ETF TR 0.1%

Value ($000) $296 (-61.8%) Shares 10,200 (-62.4%) Est. Cost $28.55 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ANET	ARISTA NETWORKS INC	86,000 (-64.3%)	$11,269 (-67.9%)	2.3%	$102.84	+33.9%	COM SHS	040413205
AMD	ADVANCED MICRO DEVICES INC	25,800 (-84.0%)	$5,525 (-78.8%)	1.2%	$143.89	+56.1%	COM	007903107
ARKX	ARK ETF TR	10,200 (-62.4%)	$296 (-61.8%)	0.1%	$28.55	—	ARK SPACE EXPL	00214Q807

Unchanged Positions (9)

MSFT MICROSOFT CORP 15.1%

Value ($000) $72,640 Shares 150,200 Est. Cost $422.35 Unrealized +18.5%

HOOD ROBINHOOD MKTS INC 3.2%

Value ($000) $15,325 Shares 135,500 Est. Cost $61.39 Unrealized +111.8%

AVGO BROADCOM INC 9.5%

Value ($000) $45,512 Shares 131,500 Est. Cost $182.87 Unrealized +95.2%

ISRG INTUITIVE SURGICAL INC C 2.1%

Value ($000) $10,025 Shares 17,700 Est. Cost $520.85 Unrealized +2.2%

DELL DELL TECHNOLOGIES INC 2.3%

Value ($000) $11,115 Shares 88,300 Est. Cost $114.60 Unrealized +22.8%

SNPS SYNOPSYS INC 4.4%

Value ($000) $20,926 Shares 44,550 Est. Cost $522.72 Unrealized -15.0%

GOOG ALPHABET INC 0.3%

Value ($000) $1,208 Shares 3,850 Est. Cost $175.67 Unrealized +63.0%

NVDA NVIDIA CORPORATION 45.5%

Value ($000) $218,336 Shares 1,170,700 Est. Cost $137.79 Unrealized +35.1%

GRND GRINDR INC 0.0%

Value ($000) $141 Shares 10,400 Est. Cost $21.95 Unrealized -38.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	150,200	$72,640	15.1%	$422.35	+18.5%	COM	594918104
HOOD	ROBINHOOD MKTS INC	135,500	$15,325	3.2%	$61.39	+111.8%	COM CL A	770700102
AVGO	BROADCOM INC	131,500	$45,512	9.5%	$182.87	+95.2%	COM	11135F101
ISRG	INTUITIVE SURGICAL INC C	17,700	$10,025	2.1%	$520.85	+2.2%	COM NEW	46120E602
DELL	DELL TECHNOLOGIES INC	88,300	$11,115	2.3%	$114.60	+22.8%	CL C	24703L202
SNPS	SYNOPSYS INC	44,550	$20,926	4.4%	$522.72	-15.0%	COM	871607107
GOOG	ALPHABET INC	3,850	$1,208	0.3%	$175.67	+63.0%	CAP STK CL C	02079K107
NVDA	NVIDIA CORPORATION	1,170,700	$218,336	45.5%	$137.79	+35.1%	COM	67066G104
GRND	GRINDR INC	10,400	$141	0.0%	$21.95	-38.1%	COM	39854F101