Arvin Capital Management LP Hedge Fund

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	30,000	$18,429	3.5%	—	—	PUT	46090E103
TECH	BIO-TECHNE CORP	299,535	$17,616	3.3%	$60.72	0.0%	COM	09073M104
Q	QNITY ELECTRONICS INC	115,354	$9,419	1.8%	$84.91	0.0%	COMMON STOCK	74743L100
FND	FLOOR & DECOR HLDGS INC	122,964	$7,487	1.4%	$64.82	0.0%	CL A	339750101
CMG	CHIPOTLE MEXICAN GRILL INC	187,712	$6,945	1.3%	$36.17	0.0%	COM	169656105
NVDA	NVIDIA CORPORATION	35,100	$6,546	1.2%	$186.13	0.0%	COM	67066G104
FND	FLOOR & DECOR HLDGS INC	100,000	$6,089	1.1%	$64.82	0.0%	CALL	339750101
AMTM	AMENTUM HOLDINGS INC	164,500	$4,771	0.9%	$22.95	+11.4%	CALL	023939101
SNPS	SYNOPSYS INC	10,000	$4,697	0.9%	$526.35	-15.6%	CALL	871607107
BABA	ALIBABA GROUP HLDG LTD	23,000	$3,371	0.6%	—	—	CALL	01609W102
SATS	ECHOSTAR CORP	25,800	$2,804	0.5%	$81.43	0.0%	CL A	278768106
BE	BLOOM ENERGY CORP	25,200	$2,190	0.4%	$105.07	0.0%	COM CL A	093712107
SRAD	SPORTRADAR GROUP AG	59,800	$1,421	0.3%	$23.77	—	CLASS A ORD SHS	H8088L103
ICLR	ICON PLC	2,100	$383	0.1%	$167.36	+6.4%	CALL	G4705A100

Increased Positions (8)

ACVA ACV AUCTIONS INC 3.5%

Value ($000) $18,421 (+201.7%) Shares 2,296,913 (+272.8%) Est. Cost $9.35 Unrealized -13.5%

EFX EQUIFAX INC 3.0%

Value ($000) $15,955 (+72.3%) Shares 73,532 (+103.7%) Est. Cost $234.25 Unrealized -6.7%

TAC TRANSALTA CORP 9.1%

Value ($000) $48,273 (+13.7%) Shares 3,819,100 (+22.9%) Est. Cost $11.64 Unrealized +28.2%

RBA RB GLOBAL INC 3.0%

Value ($000) $16,047 (+55.7%) Shares 155,996 (+64.0%) Est. Cost $96.80 Unrealized +4.9%

CEG CONSTELLATION ENERGY CORP 2.6%

Value ($000) $13,847 (+61.0%) Shares 39,198 (+50.0%) Est. Cost $296.96 Unrealized +22.3%

GXO GXO LOGISTICS INCORPORATED 5.0%

Value ($000) $26,697 (+14.5%) Shares 507,159 (+15.1%) Est. Cost $44.64 Unrealized +17.7%

AMZN AMAZON COM INC 4.8%

Value ($000) $25,597 (+8.5%) Shares 110,898 (+3.2%) Est. Cost $192.60 Unrealized +18.8%

SNPS SYNOPSYS INC 3.9%

Value ($000) $20,588 (-2.3%) Shares 43,830 (+2.6%) Est. Cost $526.35 Unrealized -15.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACVA	ACV AUCTIONS INC	2,296,913 (+272.8%)	$18,421 (+201.7%)	3.5%	$9.35	-13.5%	COM CL A	00091G104
EFX	EQUIFAX INC	73,532 (+103.7%)	$15,955 (+72.3%)	3.0%	$234.25	-6.7%	COM	294429105
TAC	TRANSALTA CORP	3,819,100 (+22.9%)	$48,273 (+13.7%)	9.1%	$11.64	+28.2%	COM	89346D107
RBA	RB GLOBAL INC	155,996 (+64.0%)	$16,047 (+55.7%)	3.0%	$96.80	+4.9%	COM	74935Q107
CEG	CONSTELLATION ENERGY CORP	39,198 (+50.0%)	$13,847 (+61.0%)	2.6%	$296.96	+22.3%	COM	21037T109
GXO	GXO LOGISTICS INCORPORATED	507,159 (+15.1%)	$26,697 (+14.5%)	5.0%	$44.64	+17.7%	COMMON STOCK	36262G101
AMZN	AMAZON COM INC	110,898 (+3.2%)	$25,597 (+8.5%)	4.8%	$192.60	+18.8%	COM	023135106
SNPS	SYNOPSYS INC	43,830 (+2.6%)	$20,588 (-2.3%)	3.9%	$526.35	-15.6%	COM	871607107

Exited Positions (10)

HSIC HENRY SCHEIN INC 2.5%

Value ($000) $13,274 Shares 200,000 Est. Cost — Unrealized —

MSFT MICROSOFT CORP 2.4%

Value ($000) $12,742 Shares 24,600 Est. Cost $508.71 Unrealized -1.6%

PINS PINTEREST INC 2.1%

Value ($000) $11,309 Shares 351,554 Est. Cost $30.35 Unrealized -5.1%

MSFT MICROSOFT CORP 2.0%

Value ($000) $10,877 Shares 21,000 Est. Cost $508.71 Unrealized -1.6%

CSX CSX CORP 2.0%

Value ($000) $10,653 Shares 300,000 Est. Cost — Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 1.6%

Value ($000) $8,730 Shares 18,000 Est. Cost $434.71 Unrealized +30.0%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.7%

Value ($000) $3,755 Shares 50,000 Est. Cost $72.38 Unrealized +7.6%

PZZA PAPA JOHNS INTL INC 0.6%

Value ($000) $3,168 Shares 65,800 Est. Cost — Unrealized —

OPCH OPTION CARE HEALTH INC 0.5%

Value ($000) $2,776 Shares 100,000 Est. Cost $30.51 Unrealized -3.8%

IQV IQVIA HLDGS INC 0.1%

Value ($000) $532 Shares 2,800 Est. Cost $181.84 Unrealized +19.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HSIC	HENRY SCHEIN INC	200,000	$13,274	2.5%	—	—	CALL	806407102
MSFT	MICROSOFT CORP	24,600	$12,742	2.4%	$508.71	-1.6%	—	594918104
PINS	PINTEREST INC	351,554	$11,309	2.1%	$30.35	-5.1%	—	72352L106
MSFT	MICROSOFT CORP	21,000	$10,877	2.0%	$508.71	-1.6%	CALL	594918104
CSX	CSX CORP	300,000	$10,653	2.0%	—	—	CALL	126408103
TMO	THERMO FISHER SCIENTIFIC INC	18,000	$8,730	1.6%	$434.71	+30.0%	CALL	883556102
GEHC	GE HEALTHCARE TECHNOLOGIES I	50,000	$3,755	0.7%	$72.38	+7.6%	CALL	36266G107
PZZA	PAPA JOHNS INTL INC	65,800	$3,168	0.6%	—	—	CALL	698813102
OPCH	OPTION CARE HEALTH INC	100,000	$2,776	0.5%	$30.51	-3.8%	CALL	68404L201
IQV	IQVIA HLDGS INC	2,800	$532	0.1%	$181.84	+19.7%	CALL	46266C105

Decreased Positions (16)

ITRI ITRON INC 1.2%

Value ($000) $6,590 (-69.3%) Shares 70,971 (-58.8%) Est. Cost $122.01 Unrealized -10.7%

AMZN AMAZON COM INC 1.1%

Value ($000) $5,771 (-70.8%) Shares 25,000 (-72.2%) Est. Cost $192.60 Unrealized +18.8%

AL AIR LEASE CORP 1.8%

Value ($000) $9,703 (-56.2%) Shares 151,059 (-56.6%) Est. Cost $51.78 Unrealized +23.0%

DHR DANAHER CORPORATION 1.6%

Value ($000) $8,470 (-56.0%) Shares 37,000 (-61.9%) Est. Cost $214.73 Unrealized +2.2%

TECH BIO-TECHNE CORP 0.9%

Value ($000) $4,987 (-60.7%) Shares 84,800 (-62.8%) Est. Cost $60.72 Unrealized 0.0%

TSEM TOWER SEMICONDUCTOR LTD 1.0%

Value ($000) $5,182 (-58.1%) Shares 44,135 (-74.2%) Est. Cost $45.77 Unrealized +110.5%

OPCH OPTION CARE HEALTH INC 2.9%

Value ($000) $15,566 (-24.5%) Shares 488,572 (-34.2%) Est. Cost $30.51 Unrealized -3.8%

U UNITY SOFTWARE INC 0.9%

Value ($000) $4,796 (-49.0%) Shares 108,588 (-53.7%) Est. Cost $37.08 Unrealized +9.9%

TAC TRANSALTA CORP 1.0%

Value ($000) $5,084 (-43.2%) Shares 402,200 (-38.6%) Est. Cost $11.64 Unrealized +28.2%

ICLR ICON PLC 1.7%

Value ($000) $9,140 (-27.1%) Shares 50,160 (-30.0%) Est. Cost $167.36 Unrealized +6.4%

CRS CARPENTER TECHNOLOGY CORP 4.1%

Value ($000) $21,707 (-13.1%) Shares 68,947 (-32.2%) Est. Cost $165.27 Unrealized +81.9%

DHR DANAHER CORPORATION 5.9%

Value ($000) $31,248 (+8.0%) Shares 136,502 (-6.4%) Est. Cost $214.73 Unrealized +2.2%

CCOI COGENT COMMUNICATIONS HLDGS 0.1%

Value ($000) $399 (-82.7%) Shares 18,500 (-69.2%) Est. Cost — Unrealized —

GEHC GE HEALTHCARE TECHNOLOGIES I 4.7%

Value ($000) $24,927 (+5.6%) Shares 303,912 (-3.3%) Est. Cost $72.38 Unrealized +7.6%

TMO THERMO FISHER SCIENTIFIC INC 7.4%

Value ($000) $39,287 (-1.8%) Shares 67,800 (-17.8%) Est. Cost $434.71 Unrealized +30.0%

IQV IQVIA HLDGS INC 1.6%

Value ($000) $8,701 (+8.8%) Shares 38,600 (-8.3%) Est. Cost $181.84 Unrealized +19.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ITRI	ITRON INC	70,971 (-58.8%)	$6,590 (-69.3%)	1.2%	$122.01	-10.7%	COM	465741106
AMZN	AMAZON COM INC	25,000 (-72.2%)	$5,771 (-70.8%)	1.1%	$192.60	+18.8%	CALL	023135106
AL	AIR LEASE CORP	151,059 (-56.6%)	$9,703 (-56.2%)	1.8%	$51.78	+23.0%	CL A	00912X302
DHR	DANAHER CORPORATION	37,000 (-61.9%)	$8,470 (-56.0%)	1.6%	$214.73	+2.2%	CALL	235851102
TECH	BIO-TECHNE CORP	84,800 (-62.8%)	$4,987 (-60.7%)	0.9%	$60.72	0.0%	CALL	09073M104
TSEM	TOWER SEMICONDUCTOR LTD	44,135 (-74.2%)	$5,182 (-58.1%)	1.0%	$45.77	+110.5%	SHS NEW	M87915274
OPCH	OPTION CARE HEALTH INC	488,572 (-34.2%)	$15,566 (-24.5%)	2.9%	$30.51	-3.8%	COM NEW	68404L201
U	UNITY SOFTWARE INC	108,588 (-53.7%)	$4,796 (-49.0%)	0.9%	$37.08	+9.9%	COM	91332U101
TAC	TRANSALTA CORP	402,200 (-38.6%)	$5,084 (-43.2%)	1.0%	$11.64	+28.2%	CALL	89346D107
ICLR	ICON PLC	50,160 (-30.0%)	$9,140 (-27.1%)	1.7%	$167.36	+6.4%	SHS	G4705A100
CRS	CARPENTER TECHNOLOGY CORP	68,947 (-32.2%)	$21,707 (-13.1%)	4.1%	$165.27	+81.9%	COM	144285103
DHR	DANAHER CORPORATION	136,502 (-6.4%)	$31,248 (+8.0%)	5.9%	$214.73	+2.2%	COM	235851102
CCOI	COGENT COMMUNICATIONS HLDGS	18,500 (-69.2%)	$399 (-82.7%)	0.1%	—	—	CALL	19239V302
GEHC	GE HEALTHCARE TECHNOLOGIES I	303,912 (-3.3%)	$24,927 (+5.6%)	4.7%	$72.38	+7.6%	COMMON STOCK	36266G107
TMO	THERMO FISHER SCIENTIFIC INC	67,800 (-17.8%)	$39,287 (-1.8%)	7.4%	$434.71	+30.0%	COM	883556102
IQV	IQVIA HLDGS INC	38,600 (-8.3%)	$8,701 (+8.8%)	1.6%	$181.84	+19.7%	COM	46266C105

Unchanged Positions (2)

AMTM AMENTUM HOLDINGS INC 8.9%

Value ($000) $47,458 Shares 1,636,492 Est. Cost $22.95 Unrealized +11.4%

KBR KBR INC 0.8%

Value ($000) $4,422 Shares 110,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMTM	AMENTUM HOLDINGS INC	1,636,492	$47,458	8.9%	$22.95	+11.4%	COM	023939101
KBR	KBR INC	110,000	$4,422	0.8%	—	—	CALL	48242W106