SCALAR GAUGE MANAGEMENT, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ANET	Arista Networks Inc	45,000	$5,896	3.9%	$137.66	0.0%	COM SHS	040413205
ZS	Zscaler Inc	25,000	$5,623	3.7%	$282.25	0.0%	COM	98980G102
AAOI	Applied Optoelectronics Inc	137,000	$4,776	3.2%	$29.86	0.0%	COM	03823U102
BRZE	Braze Inc	124,000	$4,252	2.8%	$29.63	0.0%	COM CL A	10576N102
AAON	AAON Inc	51,000	$3,889	2.6%	$92.29	0.0%	COM	000360206
MU	Micron Technology Inc	13,000	$3,710	2.4%	$229.35	0.0%	COM	595112103
MRVL	Marvell Technology Group Ltd	39,000	$3,314	2.2%	$87.46	0.0%	COM	573874104
CRDO	Credo Technology Group Holding Ltd	20,000	$2,878	1.9%	$153.78	0.0%	ORDINARY SHARES	G25457105
MXL	MaxLinear Inc	145,000	$2,527	1.7%	$16.28	0.0%	COM	57776J100
WIX	Wix Com Ltd	14,000	$1,454	1.0%	$120.92	0.0%	SHS	M98068105
OS	Onestream Inc	75,000	$1,379	0.9%	$19.07	0.0%	CL A	68278B107
CWAN	Clearwater Analytics Holdings Inc	55,000	$1,327	0.9%	$20.03	0.0%	CL A	185123106
AMZN	Amazon Com Inc	3,000	$692	0.5%	$228.79	0.0%	COM	023135106
—	Jamf Holding Corp	700	$348	0.2%	—	—	CALL	47074L905
—	Celestica Inc	100	$264	0.2%	—	—	CALL	15101Q907
—	Marvell Technology Group Ltd	100	$65	0.0%	—	—	CALL	573874904

Increased Positions (4)

SITM SITime Corp 10.0%

Value ($000) $15,187 (+86.7%) Shares 43,000 (+59.3%) Est. Cost $262.00 Unrealized +19.4%

CGNT Cognyte Software Ltd 5.6%

Value ($000) $8,499 (+28.2%) Shares 904,099 (+14.6%) Est. Cost $7.38 Unrealized +17.3%

NFLX Netflix Inc 3.0%

Value ($000) $4,500 (-6.2%) Shares 48,000 (+1100.0%) Est. Cost $109.00 Unrealized -1.1%

WEAV Weave Communications Inc 0.9%

Value ($000) $1,398 (+20.1%) Shares 184,188 (+5.7%) Est. Cost $7.64 Unrealized -13.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SITM	SITime Corp	43,000 (+59.3%)	$15,187 (+86.7%)	10.0%	$262.00	+19.4%	COM	82982T106
CGNT	Cognyte Software Ltd	904,099 (+14.6%)	$8,499 (+28.2%)	5.6%	$7.38	+17.3%	ORD SHS	M25133105
NFLX	Netflix Inc	48,000 (+1100.0%)	$4,500 (-6.2%)	3.0%	$109.00	-1.1%	COM	64110L106
WEAV	Weave Communications Inc	184,188 (+5.7%)	$1,398 (+20.1%)	0.9%	$7.64	-13.1%	COM	94724R108

Exited Positions (16)

FIX Comfort Sys USA Inc 8.7%

Value ($000) $13,203 Shares 16,000 Est. Cost $677.11 Unrealized +36.3%

PD PagerDuty Inc 5.8%

Value ($000) $8,863 Shares 536,504 Est. Cost $17.39 Unrealized -16.1%

AZO Autozone Inc 4.8%

Value ($000) $7,293 Shares 1,700 Est. Cost $3686.04 Unrealized +2.5%

EME EMCOR Group Inc 4.5%

Value ($000) $6,820 Shares 10,500 Est. Cost $606.37 Unrealized +6.8%

GWRE Guidewire Software Inc 3.5%

Value ($000) $5,287 Shares 23,000 Est. Cost $227.43 Unrealized -2.7%

SMWB SimilarWeb Ltd 2.7%

Value ($000) $4,108 Shares 441,742 Est. Cost $8.34 Unrealized -3.3%

NABL N-able Inc 2.6%

Value ($000) $3,904 Shares 500,534 Est. Cost $8.51 Unrealized -10.3%

FROG Jfrog Ltd 1.8%

Value ($000) $2,745 Shares 58,000 Est. Cost $45.18 Unrealized +25.9%

HWM Howmet Aerospace Inc 1.7%

Value ($000) $2,551 Shares 13,000 Est. Cost $182.11 Unrealized +9.3%

CSCO Cisco Systems Inc 1.4%

Value ($000) $2,053 Shares 30,000 Est. Cost $67.38 Unrealized +9.5%

CLBT Cellebrite DI Ltd 1.1%

Value ($000) $1,709 Shares 92,210 Est. Cost $10.14 Unrealized +77.1%

— PROS Holdings Inc 0.9%

Value ($000) $1,375 Shares 60,000 Est. Cost $22.91 Unrealized —

MPAA Motorcar Pts Amer Inc 0.6%

Value ($000) $877 Shares 53,000 Est. Cost $13.59 Unrealized +6.0%

FFIV F5 Inc 0.2%

Value ($000) $323 Shares 1,000 Est. Cost $313.03 Unrealized -14.1%

— PagerDuty Inc 0.2%

Value ($000) $240 Shares 491 Est. Cost — Unrealized —

— SimilarWeb Ltd 0.0%

Value ($000) $4 Shares 200 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FIX	Comfort Sys USA Inc	16,000	$13,203	8.7%	$677.11	+36.3%	—	199908104
PD	PagerDuty Inc	536,504	$8,863	5.8%	$17.39	-16.1%	—	69553P100
AZO	Autozone Inc	1,700	$7,293	4.8%	$3686.04	+2.5%	—	053332102
EME	EMCOR Group Inc	10,500	$6,820	4.5%	$606.37	+6.8%	—	29084Q100
GWRE	Guidewire Software Inc	23,000	$5,287	3.5%	$227.43	-2.7%	—	40171V100
SMWB	SimilarWeb Ltd	441,742	$4,108	2.7%	$8.34	-3.3%	—	M84137104
NABL	N-able Inc	500,534	$3,904	2.6%	$8.51	-10.3%	—	62878D100
FROG	Jfrog Ltd	58,000	$2,745	1.8%	$45.18	+25.9%	—	M6191J100
HWM	Howmet Aerospace Inc	13,000	$2,551	1.7%	$182.11	+9.3%	—	443201108
CSCO	Cisco Systems Inc	30,000	$2,053	1.4%	$67.38	+9.5%	—	17275R102
CLBT	Cellebrite DI Ltd	92,210	$1,709	1.1%	$10.14	+77.1%	—	M2197Q107
—	PROS Holdings Inc	60,000	$1,375	0.9%	$22.91	—	—	74346Y103
MPAA	Motorcar Pts Amer Inc	53,000	$877	0.6%	$13.59	+6.0%	—	620071100
FFIV	F5 Inc	1,000	$323	0.2%	$313.03	-14.1%	—	315616102
—	PagerDuty Inc	491	$240	0.2%	—	—	CALL	69553P900
—	SimilarWeb Ltd	200	$4	0.0%	—	—	CALL	M84137904

Decreased Positions (12)

AVGO Broadcom Inc 5.1%

Value ($000) $7,787 (-43.8%) Shares 22,500 (-46.4%) Est. Cost $233.03 Unrealized +53.2%

AXON Axon Enterprise Inc 3.9%

Value ($000) $5,963 (-46.4%) Shares 10,500 (-32.3%) Est. Cost $715.83 Unrealized -13.3%

CTAS Cintas Corp 1.2%

Value ($000) $1,881 (-70.4%) Shares 10,000 (-67.7%) Est. Cost $202.21 Unrealized -7.0%

FN Fabrinet 5.6%

Value ($000) $8,423 (-34.0%) Shares 18,500 (-47.1%) Est. Cost $329.28 Unrealized +32.1%

TTMI TTM Technologies Inc 2.0%

Value ($000) $3,036 (-55.7%) Shares 44,000 (-63.0%) Est. Cost $46.47 Unrealized +40.4%

BL Blackline Inc 19.3%

Value ($000) $29,181 (-10.8%) Shares 527,789 (-14.3%) Est. Cost $56.82 Unrealized -3.1%

META Meta Platforms Inc 1.7%

Value ($000) $2,640 (-55.1%) Shares 4,000 (-50.0%) Est. Cost $616.61 Unrealized +8.2%

OSPN OneSpan Inc 0.4%

Value ($000) $535 (-84.3%) Shares 41,641 (-80.6%) Est. Cost $16.83 Unrealized -19.8%

SNOW Snowflake Inc 4.6%

Value ($000) $7,020 (-15.9%) Shares 32,000 (-13.5%) Est. Cost $198.23 Unrealized +23.1%

CLS Celestica Inc 7.0%

Value ($000) $10,643 (+5.4%) Shares 36,000 (-12.2%) Est. Cost $106.30 Unrealized +183.5%

NRG NRG Energy Inc 1.6%

Value ($000) $2,389 (-18.1%) Shares 15,000 (-16.7%) Est. Cost $155.26 Unrealized +6.5%

— Blackline Inc 0.1%

Value ($000) $88 (-29.5%) Shares 207 (-32.6%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	Broadcom Inc	22,500 (-46.4%)	$7,787 (-43.8%)	5.1%	$233.03	+53.2%	COM	11135F101
AXON	Axon Enterprise Inc	10,500 (-32.3%)	$5,963 (-46.4%)	3.9%	$715.83	-13.3%	COM	05464C101
CTAS	Cintas Corp	10,000 (-67.7%)	$1,881 (-70.4%)	1.2%	$202.21	-7.0%	COM	172908105
FN	Fabrinet	18,500 (-47.1%)	$8,423 (-34.0%)	5.6%	$329.28	+32.1%	SHS	G3323L100
TTMI	TTM Technologies Inc	44,000 (-63.0%)	$3,036 (-55.7%)	2.0%	$46.47	+40.4%	COM	87305R109
BL	Blackline Inc	527,789 (-14.3%)	$29,181 (-10.8%)	19.3%	$56.82	-3.1%	COM	09239B109
META	Meta Platforms Inc	4,000 (-50.0%)	$2,640 (-55.1%)	1.7%	$616.61	+8.2%	CL A	30303M102
OSPN	OneSpan Inc	41,641 (-80.6%)	$535 (-84.3%)	0.4%	$16.83	-19.8%	COM	68287N100
SNOW	Snowflake Inc	32,000 (-13.5%)	$7,020 (-15.9%)	4.6%	$198.23	+23.1%	CL A	833445109
CLS	Celestica Inc	36,000 (-12.2%)	$10,643 (+5.4%)	7.0%	$106.30	+183.5%	COM	15101Q207
NRG	NRG Energy Inc	15,000 (-16.7%)	$2,389 (-18.1%)	1.6%	$155.26	+6.5%	COM NEW	629377508
—	Blackline Inc	207 (-32.6%)	$88 (-29.5%)	0.1%	—	—	CALL	09239B909