ClearAlpha Technologies LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ETN	EATON CORP PLC	8,748	$2,786	8.0%	$354.39	0.0%	SHS	G29183103
TT	TRANE TECHNOLOGIES PLC	3,842	$1,495	4.3%	$413.59	0.0%	SHS	G8994E103
VMC	VULCAN MATLS CO	3,752	$1,070	3.1%	$293.14	0.0%	COM	929160109
PSTG	PURE STORAGE INC	14,491	$971	2.8%	$83.54	0.0%	CL A	74624M102
LEN	LENNAR CORP	9,147	$940	2.7%	$120.70	0.0%	CL A	526057104
VST	VISTRA CORP	5,442	$878	2.5%	$181.92	0.0%	COM	92840M102
ARCB	ARCBEST CORP	10,913	$810	2.3%	$71.00	0.0%	COM	03937C105
PVH	PVH CORPORATION	11,534	$773	2.2%	$78.18	0.0%	COM	693656100
CARR	CARRIER GLOBAL CORPORATION	14,046	$742	2.1%	$55.53	0.0%	COM	14448C104
SE	SEA LTD	5,663	$722	2.1%	$127.57	—	SPONSORD ADS	81141R100
EFX	EQUIFAX INC	3,288	$713	2.0%	$218.67	0.0%	COM	294429105
CW	CURTISS WRIGHT CORP	1,067	$588	1.7%	$557.64	0.0%	COM	231561101
MET	METLIFE INC	6,739	$532	1.5%	$78.93	0.0%	COM	59156R108
MOS	MOSAIC CO NEW	19,953	$481	1.4%	$26.75	0.0%	COM	61945C103
ST	SENSATA TECHNOLOGIES HLDG PL	13,667	$455	1.3%	$31.98	0.0%	SHS	G8060N102
ITRI	ITRON INC	4,824	$448	1.3%	$108.94	0.0%	COM	465741106
BG	BUNGE GLOBAL SA	4,699	$419	1.2%	$91.86	0.0%	COM SHS	H11356104
BDX	BECTON DICKINSON & CO	2,049	$398	1.1%	$189.55	0.0%	COM	075887109
GDX	VANECK ETF TRUST	4,276	$367	1.0%	$85.77	—	GOLD MINERS ETF	92189F106
VEEV	VEEVA SYS INC	1,622	$362	1.0%	$265.35	0.0%	CL A COM	922475108
ZBH	ZIMMER BIOMET HOLDINGS INC	3,753	$337	1.0%	$94.58	0.0%	COM	98956P102
NOW	SERVICENOW INC	2,108	$323	0.9%	$171.54	0.0%	COM	81762P102
WDAY	WORKDAY INC	1,477	$317	0.9%	$227.21	0.0%	CL A	98138H101
STM	STMICROELECTRONICS N V	11,324	$294	0.8%	$25.94	—	NY REGISTRY	861012102
BRO	BROWN & BROWN INC	3,608	$288	0.8%	$83.36	0.0%	COM	115236101
WERN	WERNER ENTERPRISES INC	8,609	$258	0.7%	$27.47	0.0%	COM	950755108
EME	EMCOR GROUP INC	414	$253	0.7%	$647.50	0.0%	COM	29084Q100
REXR	REXFORD INDL RLTY INC	6,359	$246	0.7%	$38.72	—	COM	76169C100
LITE	LUMENTUM HLDGS INC	638	$235	0.7%	$256.82	0.0%	COM	55024U109
AU	ANGLOGOLD ASHANTI PLC	2,713	$231	0.7%	$77.50	0.0%	COM SHS	G0378L100
HOOD	ROBINHOOD MKTS INC	1,949	$220	0.6%	$130.05	0.0%	COM CL A	770700102
MP	MP MATERIALS CORP	4,349	$220	0.6%	$63.41	0.0%	COM CL A	553368101
ASTS	AST SPACEMOBILE INC	2,978	$216	0.6%	$71.36	0.0%	COM CL A	00217D100
JPM	JPMORGAN CHASE & CO.	668	$215	0.6%	$309.53	0.0%	COM	46625H100
SNDK	SANDISK CORP	897	$213	0.6%	$200.29	0.0%	COM	80004C200
WMT	WALMART INC	1,841	$205	0.6%	$107.20	0.0%	COM	931142103
INSM	INSMED INC	1,155	$201	0.6%	$182.48	0.0%	COM PAR $.01	457669307
QS	QUANTUMSCAPE CORP	12,795	$133	0.4%	$13.79	0.0%	COM CL A	74767V109

Increased Positions (9)

MDLZ MONDELEZ INTL INC 8.5%

Value ($000) $2,986 (+343.8%) Shares 55,474 (+415.0%) Est. Cost $58.29 Unrealized -2.1%

BLK BLACKROCK INC 8.5%

Value ($000) $2,971 (+315.1%) Shares 2,776 (+352.1%) Est. Cost $1093.69 Unrealized -0.4%

CNH CNH INDL N V 5.2%

Value ($000) $1,813 (+107.2%) Shares 196,643 (+143.8%) Est. Cost $10.90 Unrealized -8.4%

ANET ARISTA NETWORKS INC 1.4%

Value ($000) $503 (+139.3%) Shares 3,837 (+166.1%) Est. Cost $134.32 Unrealized +2.5%

FFIV F5 INC 1.4%

Value ($000) $500 (+113.1%) Shares 1,959 (+169.8%) Est. Cost $271.70 Unrealized -1.0%

MARA MARA HOLDINGS INC 1.2%

Value ($000) $424 (+100.6%) Shares 47,227 (+307.8%) Est. Cost $15.27 Unrealized -3.4%

BLDR BUILDERS FIRSTSOURCE INC 1.2%

Value ($000) $431 (+88.8%) Shares 4,191 (+122.5%) Est. Cost $121.50 Unrealized -7.5%

VRSK VERISK ANALYTICS INC 1.7%

Value ($000) $587 (+41.0%) Shares 2,623 (+58.5%) Est. Cost $255.72 Unrealized -11.9%

ATGE ADTALEM GLOBAL ED INC 1.1%

Value ($000) $374 (+73.3%) Shares 3,617 (+158.7%) Est. Cost $119.74 Unrealized -4.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MDLZ	MONDELEZ INTL INC	55,474 (+415.0%)	$2,986 (+343.8%)	8.5%	$58.29	-2.1%	CL A	609207105
BLK	BLACKROCK INC	2,776 (+352.1%)	$2,971 (+315.1%)	8.5%	$1093.69	-0.4%	COM	09290D101
CNH	CNH INDL N V	196,643 (+143.8%)	$1,813 (+107.2%)	5.2%	$10.90	-8.4%	SHS	N20944109
ANET	ARISTA NETWORKS INC	3,837 (+166.1%)	$503 (+139.3%)	1.4%	$134.32	+2.5%	COM SHS	040413205
FFIV	F5 INC	1,959 (+169.8%)	$500 (+113.1%)	1.4%	$271.70	-1.0%	COM	315616102
MARA	MARA HOLDINGS INC	47,227 (+307.8%)	$424 (+100.6%)	1.2%	$15.27	-3.4%	COM	565788106
BLDR	BUILDERS FIRSTSOURCE INC	4,191 (+122.5%)	$431 (+88.8%)	1.2%	$121.50	-7.5%	COM	12008R107
VRSK	VERISK ANALYTICS INC	2,623 (+58.5%)	$587 (+41.0%)	1.7%	$255.72	-11.9%	COM	92345Y106
ATGE	ADTALEM GLOBAL ED INC	3,617 (+158.7%)	$374 (+73.3%)	1.1%	$119.74	-4.4%	COM	00737L103

Exited Positions (49)

SON SONOCO PRODS CO 5.3%

Value ($000) $1,856 Shares 43,078 Est. Cost $45.36 Unrealized -9.2%

SPY SPDR S&P 500 ETF TR 3.9%

Value ($000) $1,370 Shares 2,057 Est. Cost $617.85 Unrealized —

TEL TE CONNECTIVITY PLC 3.3%

Value ($000) $1,145 Shares 5,217 Est. Cost $200.01 Unrealized +15.6%

RYAN RYAN SPECIALTY HOLDINGS INC 3.1%

Value ($000) $1,079 Shares 19,148 Est. Cost $59.24 Unrealized -7.4%

LSTR LANDSTAR SYS INC 2.8%

Value ($000) $986 Shares 8,046 Est. Cost $122.56 Unrealized —

LEA LEAR CORP 2.8%

Value ($000) $985 Shares 9,793 Est. Cost $102.60 Unrealized +3.6%

GPC GENUINE PARTS CO 2.7%

Value ($000) $933 Shares 6,733 Est. Cost $132.40 Unrealized -2.8%

KMX CARMAX INC 2.5%

Value ($000) $859 Shares 19,135 Est. Cost $64.34 Unrealized -37.8%

XLB SELECT SECTOR SPDR TR 2.4%

Value ($000) $826 Shares 9,218 Est. Cost $87.53 Unrealized —

NTAP NETAPP INC 2.2%

Value ($000) $756 Shares 6,381 Est. Cost $110.78 Unrealized +2.6%

USFD US FOODS HLDG CORP 2.1%

Value ($000) $743 Shares 9,702 Est. Cost $79.50 Unrealized -5.5%

IR INGERSOLL RAND INC 1.9%

Value ($000) $675 Shares 8,168 Est. Cost $81.93 Unrealized -3.6%

HON HONEYWELL INTL INC 1.8%

Value ($000) $646 Shares 3,067 Est. Cost $207.11 Unrealized -5.8%

APD AIR PRODS & CHEMS INC 1.7%

Value ($000) $610 Shares 2,236 Est. Cost $285.50 Unrealized -11.9%

ANF ABERCROMBIE & FITCH CO 1.7%

Value ($000) $587 Shares 6,861 Est. Cost $93.30 Unrealized -6.3%

WAT WATERS CORP 1.6%

Value ($000) $548 Shares 1,827 Est. Cost $301.75 Unrealized +21.9%

ARES ARES MANAGEMENT CORPORATION 1.4%

Value ($000) $504 Shares 3,150 Est. Cost $155.27 Unrealized -0.2%

ON ON SEMICONDUCTOR CORP 1.4%

Value ($000) $500 Shares 10,146 Est. Cost $52.63 Unrealized -2.5%

NOVT NOVANTA INC 1.4%

Value ($000) $496 Shares 4,952 Est. Cost $119.05 Unrealized -4.3%

GPK GRAPHIC PACKAGING HLDG CO 1.3%

Value ($000) $450 Shares 22,992 Est. Cost $23.12 Unrealized -28.9%

TKR TIMKEN CO 1.2%

Value ($000) $428 Shares 5,693 Est. Cost $77.13 Unrealized +3.1%

CTVA CORTEVA INC 1.2%

Value ($000) $413 Shares 6,102 Est. Cost $72.16 Unrealized -10.6%

AER AERCAP HOLDINGS NV 1.1%

Value ($000) $396 Shares 3,274 Est. Cost $116.62 Unrealized +13.6%

TEAM ATLASSIAN CORPORATION 1.1%

Value ($000) $387 Shares 2,422 Est. Cost $180.93 Unrealized -13.3%

MS MORGAN STANLEY 1.1%

Value ($000) $371 Shares 2,337 Est. Cost $146.45 Unrealized +13.7%

PSX PHILLIPS 66 1.0%

Value ($000) $360 Shares 2,644 Est. Cost $126.39 Unrealized +6.0%

CRM SALESFORCE INC 1.0%

Value ($000) $355 Shares 1,496 Est. Cost $274.13 Unrealized -9.5%

SNDR SCHNEIDER NATIONAL INC 1.0%

Value ($000) $348 Shares 16,448 Est. Cost $24.45 Unrealized -3.5%

JHX JAMES HARDIE INDS PLC 1.0%

Value ($000) $347 Shares 18,079 Est. Cost $23.95 Unrealized -16.3%

DHR DANAHER CORPORATION 1.0%

Value ($000) $346 Shares 1,743 Est. Cost $198.37 Unrealized +10.7%

ROP ROPER TECHNOLOGIES INC 1.0%

Value ($000) $343 Shares 687 Est. Cost $531.36 Unrealized -13.0%

GIS GENERAL MLS INC 1.0%

Value ($000) $342 Shares 6,780 Est. Cost $49.46 Unrealized -4.0%

MTD METTLER TOLEDO INTERNATIONAL 0.9%

Value ($000) $328 Shares 267 Est. Cost $1253.17 Unrealized +11.4%

MNDY MONDAY COM LTD 0.8%

Value ($000) $296 Shares 1,527 Est. Cost $230.24 Unrealized -26.9%

DOV DOVER CORP 0.8%

Value ($000) $290 Shares 1,740 Est. Cost $172.70 Unrealized +5.3%

INTU INTUIT 0.8%

Value ($000) $272 Shares 399 Est. Cost $719.44 Unrealized -8.2%

PEP PEPSICO INC 0.7%

Value ($000) $250 Shares 1,779 Est. Cost $140.43 Unrealized +3.9%

UBER UBER TECHNOLOGIES INC 0.7%

Value ($000) $242 Shares 2,470 Est. Cost $93.52 Unrealized -3.7%

VCTR VICTORY CAP HLDGS INC 0.7%

Value ($000) $239 Shares 3,692 Est. Cost $67.78 Unrealized -6.6%

PRDO PERDOCEO ED CORP 0.7%

Value ($000) $237 Shares 6,290 Est. Cost $31.78 Unrealized -0.9%

AMAT APPLIED MATLS INC 0.7%

Value ($000) $235 Shares 1,150 Est. Cost $180.78 Unrealized +32.5%

V VISA INC 0.6%

Value ($000) $227 Shares 666 Est. Cost $345.14 Unrealized -1.4%

STRA STRATEGIC ED INC 0.6%

Value ($000) $224 Shares 2,608 Est. Cost $84.77 Unrealized -6.3%

TXN TEXAS INSTRS INC 0.6%

Value ($000) $218 Shares 1,185 Est. Cost $193.30 Unrealized -11.7%

GDXJ VANECK ETF TRUST 0.6%

Value ($000) $218 Shares 2,197 Est. Cost $99.03 Unrealized —

CME CME GROUP INC 0.6%

Value ($000) $218 Shares 805 Est. Cost $269.86 Unrealized +0.3%

SPGI S&P GLOBAL INC 0.6%

Value ($000) $217 Shares 445 Est. Cost $533.84 Unrealized -7.4%

IBKR INTERACTIVE BROKERS GROUP IN 0.6%

Value ($000) $205 Shares 2,976 Est. Cost $62.79 Unrealized +6.5%

CAL CALERES INC 0.4%

Value ($000) $134 Shares 10,245 Est. Cost $14.78 Unrealized -17.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SON	SONOCO PRODS CO	43,078	$1,856	5.3%	$45.36	-9.2%	—	835495102
SPY	SPDR S&P 500 ETF TR	2,057	$1,370	3.9%	$617.85	—	—	78462F103
TEL	TE CONNECTIVITY PLC	5,217	$1,145	3.3%	$200.01	+15.6%	—	G87052109
RYAN	RYAN SPECIALTY HOLDINGS INC	19,148	$1,079	3.1%	$59.24	-7.4%	—	78351F107
LSTR	LANDSTAR SYS INC	8,046	$986	2.8%	$122.56	—	—	515098101
LEA	LEAR CORP	9,793	$985	2.8%	$102.60	+3.6%	—	521865204
GPC	GENUINE PARTS CO	6,733	$933	2.7%	$132.40	-2.8%	—	372460105
KMX	CARMAX INC	19,135	$859	2.5%	$64.34	-37.8%	—	143130102
XLB	SELECT SECTOR SPDR TR	9,218	$826	2.4%	$87.53	—	—	81369Y100
NTAP	NETAPP INC	6,381	$756	2.2%	$110.78	+2.6%	—	64110D104
USFD	US FOODS HLDG CORP	9,702	$743	2.1%	$79.50	-5.5%	—	912008109
IR	INGERSOLL RAND INC	8,168	$675	1.9%	$81.93	-3.6%	—	45687V106
HON	HONEYWELL INTL INC	3,067	$646	1.8%	$207.11	-5.8%	—	438516106
APD	AIR PRODS & CHEMS INC	2,236	$610	1.7%	$285.50	-11.9%	—	009158106
ANF	ABERCROMBIE & FITCH CO	6,861	$587	1.7%	$93.30	-6.3%	—	002896207
WAT	WATERS CORP	1,827	$548	1.6%	$301.75	+21.9%	—	941848103
ARES	ARES MANAGEMENT CORPORATION	3,150	$504	1.4%	$155.27	-0.2%	—	03990B101
ON	ON SEMICONDUCTOR CORP	10,146	$500	1.4%	$52.63	-2.5%	—	682189105
NOVT	NOVANTA INC	4,952	$496	1.4%	$119.05	-4.3%	—	67000B104
GPK	GRAPHIC PACKAGING HLDG CO	22,992	$450	1.3%	$23.12	-28.9%	—	388689101
TKR	TIMKEN CO	5,693	$428	1.2%	$77.13	+3.1%	—	887389104
CTVA	CORTEVA INC	6,102	$413	1.2%	$72.16	-10.6%	—	22052L104
AER	AERCAP HOLDINGS NV	3,274	$396	1.1%	$116.62	+13.6%	—	N00985106
TEAM	ATLASSIAN CORPORATION	2,422	$387	1.1%	$180.93	-13.3%	—	049468101
MS	MORGAN STANLEY	2,337	$371	1.1%	$146.45	+13.7%	—	617446448
PSX	PHILLIPS 66	2,644	$360	1.0%	$126.39	+6.0%	—	718546104
CRM	SALESFORCE INC	1,496	$355	1.0%	$274.13	-9.5%	—	79466L302
SNDR	SCHNEIDER NATIONAL INC	16,448	$348	1.0%	$24.45	-3.5%	—	80689H102
JHX	JAMES HARDIE INDS PLC	18,079	$347	1.0%	$23.95	-16.3%	—	G4253H101
DHR	DANAHER CORPORATION	1,743	$346	1.0%	$198.37	+10.7%	—	235851102
ROP	ROPER TECHNOLOGIES INC	687	$343	1.0%	$531.36	-13.0%	—	776696106
GIS	GENERAL MLS INC	6,780	$342	1.0%	$49.46	-4.0%	—	370334104
MTD	METTLER TOLEDO INTERNATIONAL	267	$328	0.9%	$1253.17	+11.4%	—	592688105
MNDY	MONDAY COM LTD	1,527	$296	0.8%	$230.24	-26.9%	—	M7S64H106
DOV	DOVER CORP	1,740	$290	0.8%	$172.70	+5.3%	—	260003108
INTU	INTUIT	399	$272	0.8%	$719.44	-8.2%	—	461202103
PEP	PEPSICO INC	1,779	$250	0.7%	$140.43	+3.9%	—	713448108
UBER	UBER TECHNOLOGIES INC	2,470	$242	0.7%	$93.52	-3.7%	—	90353T100
VCTR	VICTORY CAP HLDGS INC	3,692	$239	0.7%	$67.78	-6.6%	—	92645B103
PRDO	PERDOCEO ED CORP	6,290	$237	0.7%	$31.78	-0.9%	—	71363P106
AMAT	APPLIED MATLS INC	1,150	$235	0.7%	$180.78	+32.5%	—	038222105
V	VISA INC	666	$227	0.6%	$345.14	-1.4%	—	92826C839
STRA	STRATEGIC ED INC	2,608	$224	0.6%	$84.77	-6.3%	—	86272C103
TXN	TEXAS INSTRS INC	1,185	$218	0.6%	$193.30	-11.7%	—	882508104
GDXJ	VANECK ETF TRUST	2,197	$218	0.6%	$99.03	—	—	92189F791
CME	CME GROUP INC	805	$218	0.6%	$269.86	+0.3%	—	12572Q105
SPGI	S&P GLOBAL INC	445	$217	0.6%	$533.84	-7.4%	—	78409V104
IBKR	INTERACTIVE BROKERS GROUP IN	2,976	$205	0.6%	$62.79	+6.5%	—	45841N107
CAL	CALERES INC	10,245	$134	0.4%	$14.78	-17.2%	—	129500104

Decreased Positions (9)

WCN WASTE CONNECTIONS INC 2.3%

Value ($000) $822 (-48.7%) Shares 4,686 (-48.6%) Est. Cost $181.87 Unrealized -5.0%

SLB SLB LIMITED 1.3%

Value ($000) $462 (-56.3%) Shares 12,037 (-60.9%) Est. Cost $34.34 Unrealized +5.0%

ACI ALBERTSONS COS INC 1.5%

Value ($000) $533 (-50.2%) Shares 31,035 (-49.2%) Est. Cost $19.25 Unrealized -8.3%

BURL BURLINGTON STORES INC 1.3%

Value ($000) $445 (-49.9%) Shares 1,539 (-55.9%) Est. Cost $237.68 Unrealized +14.1%

GPI GROUP 1 AUTOMOTIVE INC 0.9%

Value ($000) $301 (-56.1%) Shares 765 (-51.2%) Est. Cost $448.46 Unrealized -8.5%

SYK STRYKER CORPORATION 0.9%

Value ($000) $298 (-55.0%) Shares 849 (-52.7%) Est. Cost $384.53 Unrealized -5.5%

UA UNDER ARMOUR INC 1.6%

Value ($000) $562 (-38.5%) Shares 117,152 (-38.1%) Est. Cost $5.59 Unrealized -20.5%

MELI MERCADOLIBRE INC 1.2%

Value ($000) $429 (-20.9%) Shares 213 (-8.2%) Est. Cost $2400.46 Unrealized -12.5%

AZO AUTOZONE INC 0.6%

Value ($000) $210 (-32.9%) Shares 62 (-15.1%) Est. Cost $4011.66 Unrealized -5.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WCN	WASTE CONNECTIONS INC	4,686 (-48.6%)	$822 (-48.7%)	2.3%	$181.87	-5.0%	COM	94106B101
SLB	SLB LIMITED	12,037 (-60.9%)	$462 (-56.3%)	1.3%	$34.34	+5.0%	COM STK	806857108
ACI	ALBERTSONS COS INC	31,035 (-49.2%)	$533 (-50.2%)	1.5%	$19.25	-8.3%	COMMON STOCK	013091103
BURL	BURLINGTON STORES INC	1,539 (-55.9%)	$445 (-49.9%)	1.3%	$237.68	+14.1%	COM	122017106
GPI	GROUP 1 AUTOMOTIVE INC	765 (-51.2%)	$301 (-56.1%)	0.9%	$448.46	-8.5%	COM	398905109
SYK	STRYKER CORPORATION	849 (-52.7%)	$298 (-55.0%)	0.9%	$384.53	-5.5%	COM	863667101
UA	UNDER ARMOUR INC	117,152 (-38.1%)	$562 (-38.5%)	1.6%	$5.59	-20.5%	CL C	904311206
MELI	MERCADOLIBRE INC	213 (-8.2%)	$429 (-20.9%)	1.2%	$2400.46	-12.5%	COM	58733R102
AZO	AUTOZONE INC	62 (-15.1%)	$210 (-32.9%)	0.6%	$4011.66	-5.8%	COM	053332102