Whitford Management LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	15,729	$9,662	9.8%	$614.30	—	UNIT SER 1	46090E103
WWD	WOODWARD INC	12,581	$3,803	3.9%	$274.80	0.0%	COM	980745103
GEV	GE VERNOVA INC	4,869	$3,182	3.2%	$609.04	0.0%	COM	36828A101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	6,494	$1,973	2.0%	$303.87	—	SPONSORED ADS	874039100
AVGO	BROADCOM INC	4,565	$1,580	1.6%	$357.00	0.0%	COM	11135F101
META	META PLATFORMS INC	1,318	$870	0.9%	$667.32	0.0%	CL A	30303M102
SOXX	ISHARES TR	2,840	$855	0.9%	$301.15	—	ISHARES SEMICDTR	464287523
GOOG	ALPHABET INC	2,029	$637	0.6%	$286.33	0.0%	CAP STK CL C	02079K107
ORCL	ORACLE CORP	3,247	$633	0.6%	$238.05	0.0%	COM	68389X105
CPNG	COUPANG INC	542	$13	0.0%	$29.47	-3.5%	CALL	22266T109
UBER	UBER TECHNOLOGIES INC	150	$12	0.0%	$76.46	+17.8%	CALL	90353T100

Increased Positions (3)

CPNG COUPANG INC 4.0%

Value ($000) $3,906 (+27.6%) Shares 165,579 (+74.2%) Est. Cost $29.47 Unrealized -3.5%

MA MASTERCARD INCORPORATED 4.8%

Value ($000) $4,750 (+1.6%) Shares 8,320 (+1.3%) Est. Cost $499.51 Unrealized +11.9%

CRWV COREWEAVE INC 0.3%

Value ($000) $278 (-21.3%) Shares 3,880 (+50.4%) Est. Cost $104.03 Unrealized -2.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CPNG	COUPANG INC	165,579 (+74.2%)	$3,906 (+27.6%)	4.0%	$29.47	-3.5%	CL A	22266T109
MA	MASTERCARD INCORPORATED	8,320 (+1.3%)	$4,750 (+1.6%)	4.8%	$499.51	+11.9%	CL A	57636Q104
CRWV	COREWEAVE INC	3,880 (+50.4%)	$278 (-21.3%)	0.3%	$104.03	-2.5%	COM CL A	21873S108

Exited Positions (9)

INTU INTUIT 5.0%

Value ($000) $4,895 Shares 7,168 Est. Cost $688.85 Unrealized -4.1%

NOW SERVICENOW INC 3.3%

Value ($000) $3,268 Shares 3,551 Est. Cost $191.93 Unrealized -10.6%

SPGI S&P GLOBAL INC 3.2%

Value ($000) $3,102 Shares 6,373 Est. Cost $502.03 Unrealized -1.6%

WM WASTE MGMT INC DEL 2.8%

Value ($000) $2,732 Shares 12,372 Est. Cost $223.68 Unrealized -5.0%

FND FLOOR & DECOR HLDGS INC 2.6%

Value ($000) $2,559 Shares 34,718 Est. Cost $75.05 Unrealized -13.6%

INTU INTUIT 0.0%

Value ($000) $20 Shares 30 Est. Cost $688.85 Unrealized -4.1%

WM WASTE MGMT INC DEL 0.0%

Value ($000) $16 Shares 71 Est. Cost $223.68 Unrealized -5.0%

SPGI S&P GLOBAL INC 0.0%

Value ($000) $14 Shares 30 Est. Cost $502.03 Unrealized -1.6%

FND FLOOR & DECOR HLDGS INC 0.0%

Value ($000) $9 Shares 118 Est. Cost $75.05 Unrealized -13.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
INTU	INTUIT	7,168	$4,895	5.0%	$688.85	-4.1%	—	461202103
NOW	SERVICENOW INC	3,551	$3,268	3.3%	$191.93	-10.6%	—	81762P102
SPGI	S&P GLOBAL INC	6,373	$3,102	3.2%	$502.03	-1.6%	—	78409V104
WM	WASTE MGMT INC DEL	12,372	$2,732	2.8%	$223.68	-5.0%	—	94106L109
FND	FLOOR & DECOR HLDGS INC	34,718	$2,559	2.6%	$75.05	-13.6%	—	339750101
INTU	INTUIT	30	$20	0.0%	$688.85	-4.1%	CALL	461202103
WM	WASTE MGMT INC DEL	71	$16	0.0%	$223.68	-5.0%	CALL	94106L109
SPGI	S&P GLOBAL INC	30	$14	0.0%	$502.03	-1.6%	CALL	78409V104
FND	FLOOR & DECOR HLDGS INC	118	$9	0.0%	$75.05	-13.6%	CALL	339750101

Decreased Positions (7)

NVDA NVIDIA CORPORATION 7.4%

Value ($000) $7,288 (-27.4%) Shares 39,079 (-27.3%) Est. Cost $174.29 Unrealized +6.8%

MSFT MICROSOFT CORP 6.8%

Value ($000) $6,722 (-26.0%) Shares 13,899 (-20.8%) Est. Cost $413.54 Unrealized +21.0%

UBER UBER TECHNOLOGIES INC 4.0%

Value ($000) $3,905 (-34.1%) Shares 47,786 (-20.9%) Est. Cost $76.46 Unrealized +17.8%

TDG TRANSDIGM GROUP INC 2.2%

Value ($000) $2,158 (-37.9%) Shares 1,623 (-38.5%) Est. Cost $1219.54 Unrealized +7.5%

AMZN AMAZON COM INC 7.4%

Value ($000) $7,283 (-4.7%) Shares 31,554 (-9.3%) Est. Cost $195.44 Unrealized +17.1%

GE GE AEROSPACE 3.3%

Value ($000) $3,282 (-7.3%) Shares 10,653 (-9.5%) Est. Cost $218.59 Unrealized +37.6%

NVDA NVIDIA CORPORATION 0.1%

Value ($000) $109 (-17.3%) Shares 587 (-17.3%) Est. Cost $174.29 Unrealized +6.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	39,079 (-27.3%)	$7,288 (-27.4%)	7.4%	$174.29	+6.8%	COM	67066G104
MSFT	MICROSOFT CORP	13,899 (-20.8%)	$6,722 (-26.0%)	6.8%	$413.54	+21.0%	COM	594918104
UBER	UBER TECHNOLOGIES INC	47,786 (-20.9%)	$3,905 (-34.1%)	4.0%	$76.46	+17.8%	COM	90353T100
TDG	TRANSDIGM GROUP INC	1,623 (-38.5%)	$2,158 (-37.9%)	2.2%	$1219.54	+7.5%	COM	893641100
AMZN	AMAZON COM INC	31,554 (-9.3%)	$7,283 (-4.7%)	7.4%	$195.44	+17.1%	COM	023135106
GE	GE AEROSPACE	10,653 (-9.5%)	$3,282 (-7.3%)	3.3%	$218.59	+37.6%	COM NEW	369604301
NVDA	NVIDIA CORPORATION	587 (-17.3%)	$109 (-17.3%)	0.1%	$174.29	+6.8%	CALL	67066G104

Unchanged Positions (2)

SPY SPDR S&P 500 ETF TR 27.3%

Value ($000) $26,908 Shares 39,459 Est. Cost $412.82 Unrealized —

SHYG ISHARES TR 8.8%

Value ($000) $8,660 Shares 202,000 Est. Cost $43.14 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	39,459	$26,908	27.3%	$412.82	—	TR UNIT	78462F103
SHYG	ISHARES TR	202,000	$8,660	8.8%	$43.14	—	0-5YR HI YL CP	46434V407