Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EMLC	VANECK ETF TRUST	274,229	$6.886M	4.5%	$25.11	—	JP MRGAN EM LOC	92189H300
APA	APA CORPORATION	35,657	$1.513M	1.0%	$26.43	0.0%	COM	03743Q108
PAX	PATRIA INVESTMENTS LIMITED	106,075	$1.337M	0.9%	$15.26	0.0%	COM CL A	G69451105
FTI	TECHNIPFMC PLC	19,136	$1.323M	0.9%	$56.35	0.0%	COM	G87110105
PSX	PHILLIPS 66	7,181	$1.308M	0.9%	$147.11	0.0%	COM	718546104
CIB	GRUPO CIBEST SA	17,933	$1.306M	0.9%	$72.81	—	SPON ADS	40090E106
NE	NOBLE CORP PLC	26,559	$1.303M	0.9%	$37.17	0.0%	ORD SHS A	G65431127
SGHC	SUPER GROUP SGHC LIMITED	115,398	$1.246M	0.8%	$9.86	0.0%	ORD SHS	G8588X103
PAGS	PAGSEGURO DIGITAL LTD	123,838	$1.241M	0.8%	$10.73	0.0%	COM CL A	G68707101
DVA	DAVITA INC	7,988	$1.228M	0.8%	$125.47	0.0%	COM	23918K108
FIHL	FIDELIS INSURANCE HOLDINGS L	64,217	$1.227M	0.8%	$19.24	0.0%	COM	G3398L118
ITUB	ITAU UNIBANCO HLDG S A	146,278	$1.226M	0.8%	$8.38	—	SPON ADR REP PFD	465562106
FMX	FOMENTO ECONOMICO MEXICANO S	10,941	$1.215M	0.8%	$111.06	—	SPON ADR UNITS	344419106
EQT	EQT CORP	19,006	$1.21M	0.8%	$55.27	0.0%	COM	26884L109
VIV	TELEFONICA BRASIL SA	75,596	$1.203M	0.8%	$15.91	—	SPONSORED ADS	87936R205
SKM	SK TELECOM CO LTD	40,845	$1.196M	0.8%	$29.29	—	SPONSORED ADR	78440P306
TKC	TURKCELL ILETISIM	196,150	$1.183M	0.8%	$6.03	—	SPON ADR NEW	900111204
NWG	NATWEST GROUP PLC	79,024	$1.177M	0.8%	$14.90	—	SPONS ADR	639057207
INCY	INCYTE CORP	12,296	$1.157M	0.8%	$103.13	0.0%	COM	45337C102
JXN	JACKSON FINANCIAL INC	10,912	$1.154M	0.8%	$114.95	0.0%	COM CL A	46817M107
DX	DYNEX CAP INC	90,154	$1.15M	0.8%	$12.76	—	COM	26817Q886
CGAU	CENTERRA GOLD INC	64,506	$1.148M	0.8%	$17.60	0.0%	COM	152006102
VTRS	VIATRIS INC	84,926	$1.147M	0.8%	$14.08	0.0%	COM	92556V106
EXPE	EXPEDIA GROUP INC	4,954	$1.144M	0.8%	$253.44	0.0%	COM NEW	30212P303
CAH	CARDINAL HEALTH INC	5,401	$1.141M	0.8%	$215.31	0.0%	COM	14149Y108
HLNE	HAMILTON LANE INC	11,442	$1.137M	0.7%	$135.66	0.0%	CL A	407497106
PEGA	PEGASYSTEMS INC	26,594	$1.132M	0.7%	$48.11	0.0%	COM	705573103
AM	ANTERO MIDSTREAM CORP	47,945	$1.093M	0.7%	$19.08	0.0%	COM	03676B102
CPA	COPA HOLDINGS SA	9,597	$1.09M	0.7%	$138.88	0.0%	CL A	P31076105
OMC	OMNICOM GROUP INC	14,069	$1.06M	0.7%	$76.54	0.0%	COM	681919106
MU	MICRON TECHNOLOGY INC	3,086	$1.043M	0.7%	$387.04	0.0%	COM	595112103
CRDO	CREDO TECHNOLOGY GROUP HOLDI	10,960	$1.029M	0.7%	$131.33	0.0%	ORDINARY SHARES	G25457105
NXST	NEXSTAR MEDIA GROUP INC	4,989	$902K	0.6%	$218.28	0.0%	COMMON STOCK	65336K103
XMMO	INVESCO EXCHANGE TRADED FD T	1,518	$220K	0.1%	$145.11	—	S&P MDCP MOMNTUM	46137V464

Increased Positions (44)

VTIP VANGUARD MALVERN FDS 4.9%

Value $7.385M (+181.4%) Shares 147,848 (+178.6%) Est. Cost $49.77 Unrealized —

ICLN ISHARES TR 4.0%

Value $6.078M (+245.3%) Shares 332,331 (+210.2%) Est. Cost $17.69 Unrealized —

EWW ISHARES INC 4.8%

Value $7.282M (+133.5%) Shares 96,793 (+115.2%) Est. Cost $72.49 Unrealized —

XAR SPDR SERIES TRUST 3.5%

Value $5.258M (+279.0%) Shares 20,702 (+260.0%) Est. Cost $250.44 Unrealized —

BWX SPDR SERIES TRUST 3.8%

Value $5.788M (+165.2%) Shares 263,702 (+172.3%) Est. Cost $22.16 Unrealized —

GLD SPDR GOLD TR 4.5%

Value $6.79M (+64.0%) Shares 15,781 (+51.0%) Est. Cost $407.79 Unrealized —

MLPA GLOBAL X FDS 2.5%

Value $3.76M (+179.5%) Shares 69,793 (+151.2%) Est. Cost $51.70 Unrealized —

BNDX VANGUARD CHARLOTTE FDS 2.0%

Value $2.963M (+177.9%) Shares 61,656 (+179.4%) Est. Cost $48.15 Unrealized —

GDX VANECK ETF TRUST 4.3%

Value $6.583M (+33.9%) Shares 71,738 (+25.1%) Est. Cost $86.97 Unrealized —

GREK GLOBAL X FDS 2.5%

Value $3.736M (+71.4%) Shares 58,492 (+76.8%) Est. Cost $65.02 Unrealized —

EWY ISHARES INC 3.0%

Value $4.528M (+38.9%) Shares 36,813 (+9.8%) Est. Cost $99.52 Unrealized —

FIX COMFORT SYS USA INC 1.8%

Value $2.759M (+84.3%) Shares 2,001 (+24.8%) Est. Cost $977.17 Unrealized +22.4%

EWZ ISHARES INC 1.0%

Value $1.551M (+277.8%) Shares 40,391 (+212.6%) Est. Cost $36.27 Unrealized —

SBS COMPANHIA DE SANEAMENTO BASI 1.2%

Value $1.885M (+79.6%) Shares 61,786 (+40.4%) Est. Cost $25.77 Unrealized —

ASML ASML HLDG NV 1.3%

Value $1.943M (+69.1%) Shares 1,471 (+37.0%) Est. Cost $1137.59 Unrealized —

PBR PETROLEO BRASILEIRO S A 1.0%

Value $1.504M (+110.3%) Shares 72,487 (+20.1%) Est. Cost $13.34 Unrealized —

TRGP TARGA RES CORP 1.1%

Value $1.665M (+85.6%) Shares 6,639 (+36.6%) Est. Cost $177.08 Unrealized +13.9%

AU ANGLOGOLD ASHANTI PLC 1.4%

Value $2.067M (+55.1%) Shares 21,230 (+35.8%) Est. Cost $84.39 Unrealized +22.8%

AMX AMERICA MOVIL SAB DE CV 1.1%

Value $1.603M (+65.2%) Shares 62,895 (+34.0%) Est. Cost $21.89 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 1.1%

Value $1.655M (+55.0%) Shares 4,896 (+39.4%) Est. Cost $313.51 Unrealized —

SLV ISHARES SILVER TR 1.3%

Value $2.017M (+39.1%) Shares 29,603 (+31.5%) Est. Cost $65.31 Unrealized —

REPX RILEY EXPLORATION PERMIAN IN 0.8%

Value $1.233M (+83.5%) Shares 33,829 (+32.9%) Est. Cost $26.40 Unrealized +3.3%

GFI GOLD FIELDS LTD 1.5%

Value $2.34M (+29.7%) Shares 51,547 (+24.7%) Est. Cost $44.00 Unrealized —

ITRN ITURAN LOCATION AND CONTROL 1.0%

Value $1.448M (+54.8%) Shares 29,547 (+35.9%) Est. Cost $40.90 Unrealized +11.5%

NVDA NVIDIA CORPORATION 1.1%

Value $1.67M (+43.4%) Shares 9,578 (+53.4%) Est. Cost $186.31 Unrealized +0.2%

GSL GLOBAL SHIP LEASE INC 1.0%

Value $1.505M (+46.9%) Shares 40,416 (+38.2%) Est. Cost $33.76 Unrealized +9.9%

XP XP INC 0.8%

Value $1.162M (+55.7%) Shares 61,019 (+33.9%) Est. Cost $18.04 Unrealized +7.2%

VLY VALLEY NATL BANCORP 0.9%

Value $1.333M (+44.9%) Shares 108,551 (+37.8%) Est. Cost $11.52 Unrealized +9.8%

NTB BANK OF N T BUTTERFIELD & SO 0.9%

Value $1.374M (+42.7%) Shares 26,182 (+35.5%) Est. Cost $47.51 Unrealized +8.5%

LAUR LAUREATE ED INC 1.0%

Value $1.472M (+30.8%) Shares 42,250 (+26.4%) Est. Cost $31.65 Unrealized +9.3%

TNL TRAVEL PLUS LEISURE CO 0.8%

Value $1.231M (+34.5%) Shares 17,797 (+37.2%) Est. Cost $67.20 Unrealized +8.4%

DLO DLOCAL LTD 0.8%

Value $1.244M (+30.5%) Shares 95,924 (+42.2%) Est. Cost $13.95 Unrealized -2.7%

BBVA BANCO BILBAO VIZCAYA ARGENTA 0.8%

Value $1.25M (+29.7%) Shares 57,727 (+39.6%) Est. Cost $22.84 Unrealized —

LTM LATAM AIRLINES GROUP SA 0.9%

Value $1.321M (+27.2%) Shares 26,711 (+38.9%) Est. Cost $52.73 Unrealized —

OPRA OPERA LTD 0.6%

Value $917K (+36.8%) Shares 64,330 (+35.8%) Est. Cost $14.19 Unrealized —

EG EVEREST GROUP LTD 0.6%

Value $890K (+28.0%) Shares 2,724 (+32.9%) Est. Cost $330.48 Unrealized +0.2%

CALM CAL MAINE FOODS INC 0.6%

Value $934K (+25.6%) Shares 11,806 (+26.2%) Est. Cost $85.38 Unrealized -5.5%

BMA BANCO MACRO S A 0.7%

Value $1.077M (+18.7%) Shares 13,914 (+38.3%) Est. Cost $86.62 Unrealized —

KEP KOREA ELEC PWR CORP 0.7%

Value $1.093M (+13.8%) Shares 76,687 (+31.8%) Est. Cost $15.96 Unrealized —

HMY HARMONY GOLD MNG LTD 1.0%

Value $1.444M (+9.9%) Shares 93,923 (+42.3%) Est. Cost $18.55 Unrealized —

EXEL EXELIXIS INC 0.5%

Value $785K (+17.1%) Shares 18,293 (+19.7%) Est. Cost $41.76 Unrealized +4.8%

ATAT ATOUR LIFESTYLE HLDGS LTD 0.6%

Value $885K (+14.1%) Shares 24,042 (+22.1%) Est. Cost $38.93 Unrealized —

VTI VANGUARD INDEX FDS 0.2%

Value $309K (+18.0%) Shares 964 (+23.3%) Est. Cost $332.54 Unrealized —

FINV FINVOLUTION GROUP 0.3%

Value $442K (+11.9%) Shares 92,253 (+22.2%) Est. Cost $5.15 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VTIP	VANGUARD MALVERN FDS	147,848 (+178.6%)	$7.385M (+181.4%)	4.9%	$49.77	—	STRM INFPROIDX	922020805
ICLN	ISHARES TR	332,331 (+210.2%)	$6.078M (+245.3%)	4.0%	$17.69	—	GL CLEAN ENE ETF	464288224
EWW	ISHARES INC	96,793 (+115.2%)	$7.282M (+133.5%)	4.8%	$72.49	—	MSCI MEXICO ETF	464286822
XAR	SPDR SERIES TRUST	20,702 (+260.0%)	$5.258M (+279.0%)	3.5%	$250.44	—	STATE STREET SPD	78464A631
BWX	SPDR SERIES TRUST	263,702 (+172.3%)	$5.788M (+165.2%)	3.8%	$22.16	—	BLOOMBERG INTL T	78464A516
GLD	SPDR GOLD TR	15,781 (+51.0%)	$6.79M (+64.0%)	4.5%	$407.79	—	GOLD SHS	78463V107
MLPA	GLOBAL X FDS	69,793 (+151.2%)	$3.76M (+179.5%)	2.5%	$51.70	—	GLBL X MLP ETF	37954Y343
BNDX	VANGUARD CHARLOTTE FDS	61,656 (+179.4%)	$2.963M (+177.9%)	2.0%	$48.15	—	TOTAL INT BD ETF	92203J407
GDX	VANECK ETF TRUST	71,738 (+25.1%)	$6.583M (+33.9%)	4.3%	$86.97	—	GOLD MINERS ETF	92189F106
GREK	GLOBAL X FDS	58,492 (+76.8%)	$3.736M (+71.4%)	2.5%	$65.02	—	MSCI GREECE ETF	37954Y319
EWY	ISHARES INC	36,813 (+9.8%)	$4.528M (+38.9%)	3.0%	$99.52	—	MSCI STH KOR ETF	464286772
FIX	COMFORT SYS USA INC	2,001 (+24.8%)	$2.759M (+84.3%)	1.8%	$977.17	+22.4%	COM	199908104
EWZ	ISHARES INC	40,391 (+212.6%)	$1.551M (+277.8%)	1.0%	$36.27	—	MSCI BRAZIL ETF	464286400
SBS	COMPANHIA DE SANEAMENTO BASI	61,786 (+40.4%)	$1.885M (+79.6%)	1.2%	$25.77	—	SPONSORED ADR	20441A102
ASML	ASML HLDG NV	1,471 (+37.0%)	$1.943M (+69.1%)	1.3%	$1137.59	—	N Y REGISTRY SHS	N07059210
PBR	PETROLEO BRASILEIRO S A	72,487 (+20.1%)	$1.504M (+110.3%)	1.0%	$13.34	—	SPONSORED ADR	71654V408
TRGP	TARGA RES CORP	6,639 (+36.6%)	$1.665M (+85.6%)	1.1%	$177.08	+13.9%	COM	87612G101
AU	ANGLOGOLD ASHANTI PLC	21,230 (+35.8%)	$2.067M (+55.1%)	1.4%	$84.39	+22.8%	COM SHS	G0378L100
AMX	AMERICA MOVIL SAB DE CV	62,895 (+34.0%)	$1.603M (+65.2%)	1.1%	$21.89	—	SPON ADS RP CL B	02390A101
TSM	TAIWAN SEMICONDUCTOR MANUFAC	4,896 (+39.4%)	$1.655M (+55.0%)	1.1%	$313.51	—	SPONSORED ADS	874039100
SLV	ISHARES SILVER TR	29,603 (+31.5%)	$2.017M (+39.1%)	1.3%	$65.31	—	ISHARES	46428Q109
REPX	RILEY EXPLORATION PERMIAN IN	33,829 (+32.9%)	$1.233M (+83.5%)	0.8%	$26.40	+3.3%	COM	76665T102
GFI	GOLD FIELDS LTD	51,547 (+24.7%)	$2.34M (+29.7%)	1.5%	$44.00	—	SPONSORED ADR	38059T106
ITRN	ITURAN LOCATION AND CONTROL	29,547 (+35.9%)	$1.448M (+54.8%)	1.0%	$40.90	+11.5%	SHS	M6158M104
NVDA	NVIDIA CORPORATION	9,578 (+53.4%)	$1.67M (+43.4%)	1.1%	$186.31	+0.2%	COM	67066G104
GSL	GLOBAL SHIP LEASE INC	40,416 (+38.2%)	$1.505M (+46.9%)	1.0%	$33.76	+9.9%	COM CL A	Y27183600
XP	XP INC	61,019 (+33.9%)	$1.162M (+55.7%)	0.8%	$18.04	+7.2%	CL A	G98239109
VLY	VALLEY NATL BANCORP	108,551 (+37.8%)	$1.333M (+44.9%)	0.9%	$11.52	+9.8%	COM	919794107
NTB	BANK OF N T BUTTERFIELD & SO	26,182 (+35.5%)	$1.374M (+42.7%)	0.9%	$47.51	+8.5%	SHS NEW	G0772R208
LAUR	LAUREATE ED INC	42,250 (+26.4%)	$1.472M (+30.8%)	1.0%	$31.65	+9.3%	COMMON STOCK	518613203
TNL	TRAVEL PLUS LEISURE CO	17,797 (+37.2%)	$1.231M (+34.5%)	0.8%	$67.20	+8.4%	COM	894164102
DLO	DLOCAL LTD	95,924 (+42.2%)	$1.244M (+30.5%)	0.8%	$13.95	-2.7%	CLASS A COM	G29018101
BBVA	BANCO BILBAO VIZCAYA ARGENTA	57,727 (+39.6%)	$1.25M (+29.7%)	0.8%	$22.84	—	SPONSORED ADR	05946K101
LTM	LATAM AIRLINES GROUP SA	26,711 (+38.9%)	$1.321M (+27.2%)	0.9%	$52.73	—	SPONSORED ADR	51817R205
OPRA	OPERA LTD	64,330 (+35.8%)	$917K (+36.8%)	0.6%	$14.19	—	SPONSORED ADS	68373M107
EG	EVEREST GROUP LTD	2,724 (+32.9%)	$890K (+28.0%)	0.6%	$330.48	+0.2%	COM	G3223R108
CALM	CAL MAINE FOODS INC	11,806 (+26.2%)	$934K (+25.6%)	0.6%	$85.38	-5.5%	COM NEW	128030202
BMA	BANCO MACRO S A	13,914 (+38.3%)	$1.077M (+18.7%)	0.7%	$86.62	—	SPON ADR B	05961W105
KEP	KOREA ELEC PWR CORP	76,687 (+31.8%)	$1.093M (+13.8%)	0.7%	$15.96	—	SPONSORED ADR	500631106
HMY	HARMONY GOLD MNG LTD	93,923 (+42.3%)	$1.444M (+9.9%)	1.0%	$18.55	—	SPONSORED ADR	413216300
EXEL	EXELIXIS INC	18,293 (+19.7%)	$785K (+17.1%)	0.5%	$41.76	+4.8%	COM	30161Q104
ATAT	ATOUR LIFESTYLE HLDGS LTD	24,042 (+22.1%)	$885K (+14.1%)	0.6%	$38.93	—	SPONSORED ADS	04965M106
VTI	VANGUARD INDEX FDS	964 (+23.3%)	$309K (+18.0%)	0.2%	$332.54	—	TOTAL STK MKT	922908769
FINV	FINVOLUTION GROUP	92,253 (+22.2%)	$442K (+11.9%)	0.3%	$5.15	—	SPONSORED ADS	31810T101

Exited Positions (55)

EWP ISHARES INC 1.8%

Value $2.73M Shares 50,644 Est. Cost $53.91 Unrealized —

EPOL ISHARES TR 1.5%

Value $2.244M Shares 63,766 Est. Cost $35.19 Unrealized —

MPWR MONOLITHIC PWR SYS INC 0.7%

Value $1.086M Shares 1,198 Est. Cost $960.73 Unrealized +15.0%

TIGO MILLICOM INTL CELLULAR S A 0.7%

Value $1.085M Shares 19,575 Est. Cost $50.35 Unrealized +21.3%

NRIM NORTHRIM BANCORP INC 0.6%

Value $973K Shares 36,575 Est. Cost $23.61 Unrealized +10.2%

BPOP POPULAR INC 0.6%

Value $964K Shares 7,739 Est. Cost $117.65 Unrealized +14.9%

NEM NEWMONT CORP 0.6%

Value $950K Shares 9,514 Est. Cost $90.20 Unrealized +31.0%

RRR RED ROCK RESORTS INC 0.6%

Value $924K Shares 14,912 Est. Cost $58.49 Unrealized +7.4%

PSTL POSTAL REALTY TRUST INC 0.6%

Value $916K Shares 56,733 Est. Cost $16.14 Unrealized —

PICB INVESCO EXCH TRADED FD TR II 0.6%

Value $892K Shares 37,337 Est. Cost $23.88 Unrealized —

UVE UNIVERSAL INS HLDGS INC 0.6%

Value $890K Shares 26,322 Est. Cost $31.90 Unrealized -3.5%

RYAAY RYANAIR HOLDINGS PLC 0.6%

Value $882K Shares 12,216 Est. Cost $72.19 Unrealized —

EVER EVERQUOTE INC 0.6%

Value $882K Shares 32,649 Est. Cost $24.24 Unrealized -14.7%

DGICA DONEGAL GROUP INC 0.6%

Value $876K Shares 43,827 Est. Cost $19.38 Unrealized -3.7%

VCSH VANGUARD SCOTTSDALE FDS 0.6%

Value $869K Shares 10,898 Est. Cost $79.73 Unrealized —

SD SANDRIDGE ENERGY INC 0.6%

Value $868K Shares 60,186 Est. Cost $13.23 Unrealized +18.7%

IFS INTERCORP FINL SVCS INC 0.6%

Value $853K Shares 20,129 Est. Cost $41.12 Unrealized +16.2%

HCI HCI GROUP INC 0.6%

Value $850K Shares 4,435 Est. Cost $188.36 Unrealized -12.3%

NTES NETEASE INC 0.5%

Value $828K Shares 6,015 Est. Cost $137.62 Unrealized —

CPRX CATALYST PHARMACEUTICALS INC 0.5%

Value $826K Shares 35,400 Est. Cost $22.28 Unrealized +7.1%

CVE CENOVUS ENERGY INC 0.5%

Value $823K Shares 48,653 Est. Cost $17.37 Unrealized +12.9%

BMY BRISTOL-MYERS SQUIBB CO 0.5%

Value $789K Shares 14,634 Est. Cost $47.53 Unrealized +20.8%

NRDS NERDWALLET INC 0.5%

Value $788K Shares 58,129 Est. Cost $13.08 Unrealized -10.6%

CTRE CARETRUST REIT INC 0.5%

Value $782K Shares 21,618 Est. Cost $36.16 Unrealized —

PRIM PRIMORIS SVCS CORP 0.5%

Value $779K Shares 6,276 Est. Cost $130.57 Unrealized +14.8%

FBP FIRST BANCORP P R 0.5%

Value $778K Shares 37,537 Est. Cost $20.61 Unrealized +6.5%

DINO HF SINCLAIR CORP 0.5%

Value $757K Shares 16,423 Est. Cost $51.29 Unrealized +1.2%

HNI HNI CORP 0.5%

Value $737K Shares 17,520 Est. Cost $42.24 Unrealized +12.9%

DHT DHT HOLDINGS INC 0.5%

Value $736K Shares 60,285 Est. Cost $12.28 Unrealized +16.6%

HRMY HARMONY BIOSCIENCES HLDGS IN 0.5%

Value $696K Shares 18,610 Est. Cost $32.88 Unrealized +8.5%

HALO HALOZYME THERAPEUTICS INC 0.5%

Value $691K Shares 10,267 Est. Cost $67.27 Unrealized +9.4%

RYN RAYONIER INC 0.5%

Value $691K Shares 31,903 Est. Cost $21.65 Unrealized —

AGG ISHARES TR 0.4%

Value $675K Shares 6,761 Est. Cost $99.88 Unrealized —

KSPI KASPI KZ JSC 0.4%

Value $552K Shares 7,066 Est. Cost $78.13 Unrealized —

CTRA COTERRA ENERGY INC 0.4%

Value $539K Shares 20,495 Est. Cost $25.10 Unrealized +12.9%

VMBS VANGUARD SCOTTSDALE FDS 0.3%

Value $530K Shares 11,251 Est. Cost $47.08 Unrealized —

SIGA SIGA TECHNOLOGIES INC 0.3%

Value $523K Shares 85,553 Est. Cost $7.11 Unrealized -5.9%

QFIN QFIN HOLDINGS INC 0.3%

Value $489K Shares 25,395 Est. Cost $19.27 Unrealized —

EWO ISHARES INC 0.3%

Value $464K Shares 13,088 Est. Cost $35.47 Unrealized —

VRP INVESCO EXCH TRADED FD TR II 0.3%

Value $462K Shares 19,008 Est. Cost $24.33 Unrealized —

WIP SPDR SERIES TRUST 0.3%

Value $446K Shares 11,330 Est. Cost $39.39 Unrealized —

EWI ISHARES INC 0.3%

Value $446K Shares 8,206 Est. Cost $54.33 Unrealized —

IHY VANECK ETF TRUST 0.3%

Value $443K Shares 20,151 Est. Cost $22.00 Unrealized —

BND VANGUARD BD INDEX FDS 0.3%

Value $443K Shares 5,979 Est. Cost $74.07 Unrealized —

HYEM VANECK ETF TRUST 0.3%

Value $442K Shares 22,234 Est. Cost $19.89 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 0.3%

Value $442K Shares 21,051 Est. Cost $21.00 Unrealized —

— BLACKROCK FLOATING RATE INCO 0.3%

Value $442K Shares 37,507 Est. Cost $11.78 Unrealized —

FLRN SPDR SERIES TRUST 0.3%

Value $441K Shares 14,349 Est. Cost $30.73 Unrealized —

VCIT VANGUARD SCOTTSDALE FDS 0.3%

Value $441K Shares 5,262 Est. Cost $83.75 Unrealized —

EMB ISHARES TR 0.3%

Value $441K Shares 4,577 Est. Cost $96.28 Unrealized —

HYG ISHARES TR 0.3%

Value $440K Shares 5,459 Est. Cost $80.63 Unrealized —

IBB ISHARES TR 0.3%

Value $438K Shares 2,594 Est. Cost $168.77 Unrealized —

VWOB VANGUARD WHITEHALL FDS 0.3%

Value $436K Shares 6,473 Est. Cost $67.43 Unrealized —

IGHG PROSHARES TR 0.3%

Value $435K Shares 5,552 Est. Cost $78.42 Unrealized —

LQD ISHARES TR 0.3%

Value $426K Shares 3,866 Est. Cost $110.19 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EWP	ISHARES INC	50,644	$2.73M	1.8%	$53.91	—	—	464286764
EPOL	ISHARES TR	63,766	$2.244M	1.5%	$35.19	—	—	46429B606
MPWR	MONOLITHIC PWR SYS INC	1,198	$1.086M	0.7%	$960.73	+15.0%	—	609839105
TIGO	MILLICOM INTL CELLULAR S A	19,575	$1.085M	0.7%	$50.35	+21.3%	—	L6388F110
NRIM	NORTHRIM BANCORP INC	36,575	$973K	0.6%	$23.61	+10.2%	—	666762109
BPOP	POPULAR INC	7,739	$964K	0.6%	$117.65	+14.9%	—	733174700
NEM	NEWMONT CORP	9,514	$950K	0.6%	$90.20	+31.0%	—	651639106
RRR	RED ROCK RESORTS INC	14,912	$924K	0.6%	$58.49	+7.4%	—	75700L108
PSTL	POSTAL REALTY TRUST INC	56,733	$916K	0.6%	$16.14	—	—	73757R102
PICB	INVESCO EXCH TRADED FD TR II	37,337	$892K	0.6%	$23.88	—	—	46138E636
UVE	UNIVERSAL INS HLDGS INC	26,322	$890K	0.6%	$31.90	-3.5%	—	91359V107
RYAAY	RYANAIR HOLDINGS PLC	12,216	$882K	0.6%	$72.19	—	—	783513203
EVER	EVERQUOTE INC	32,649	$882K	0.6%	$24.24	-14.7%	—	30041R108
DGICA	DONEGAL GROUP INC	43,827	$876K	0.6%	$19.38	-3.7%	—	257701201
VCSH	VANGUARD SCOTTSDALE FDS	10,898	$869K	0.6%	$79.73	—	—	92206C409
SD	SANDRIDGE ENERGY INC	60,186	$868K	0.6%	$13.23	+18.7%	—	80007P869
IFS	INTERCORP FINL SVCS INC	20,129	$853K	0.6%	$41.12	+16.2%	—	P5626F128
HCI	HCI GROUP INC	4,435	$850K	0.6%	$188.36	-12.3%	—	40416E103
NTES	NETEASE INC	6,015	$828K	0.5%	$137.62	—	—	64110W102
CPRX	CATALYST PHARMACEUTICALS INC	35,400	$826K	0.5%	$22.28	+7.1%	—	14888U101
CVE	CENOVUS ENERGY INC	48,653	$823K	0.5%	$17.37	+12.9%	—	15135U109
BMY	BRISTOL-MYERS SQUIBB CO	14,634	$789K	0.5%	$47.53	+20.8%	—	110122108
NRDS	NERDWALLET INC	58,129	$788K	0.5%	$13.08	-10.6%	—	64082B102
CTRE	CARETRUST REIT INC	21,618	$782K	0.5%	$36.16	—	—	14174T107
PRIM	PRIMORIS SVCS CORP	6,276	$779K	0.5%	$130.57	+14.8%	—	74164F103
FBP	FIRST BANCORP P R	37,537	$778K	0.5%	$20.61	+6.5%	—	318672706
DINO	HF SINCLAIR CORP	16,423	$757K	0.5%	$51.29	+1.2%	—	403949100
HNI	HNI CORP	17,520	$737K	0.5%	$42.24	+12.9%	—	404251100
DHT	DHT HOLDINGS INC	60,285	$736K	0.5%	$12.28	+16.6%	—	Y2065G121
HRMY	HARMONY BIOSCIENCES HLDGS IN	18,610	$696K	0.5%	$32.88	+8.5%	—	413197104
HALO	HALOZYME THERAPEUTICS INC	10,267	$691K	0.5%	$67.27	+9.4%	—	40637H109
RYN	RAYONIER INC	31,903	$691K	0.5%	$21.65	—	—	754907103
AGG	ISHARES TR	6,761	$675K	0.4%	$99.88	—	—	464287226
KSPI	KASPI KZ JSC	7,066	$552K	0.4%	$78.13	—	—	48581R205
CTRA	COTERRA ENERGY INC	20,495	$539K	0.4%	$25.10	+12.9%	—	127097103
VMBS	VANGUARD SCOTTSDALE FDS	11,251	$530K	0.3%	$47.08	—	—	92206C771
SIGA	SIGA TECHNOLOGIES INC	85,553	$523K	0.3%	$7.11	-5.9%	—	826917106
QFIN	QFIN HOLDINGS INC	25,395	$489K	0.3%	$19.27	—	—	88557W101
EWO	ISHARES INC	13,088	$464K	0.3%	$35.47	—	—	464286202
VRP	INVESCO EXCH TRADED FD TR II	19,008	$462K	0.3%	$24.33	—	—	46138G870
WIP	SPDR SERIES TRUST	11,330	$446K	0.3%	$39.39	—	—	78464A490
EWI	ISHARES INC	8,206	$446K	0.3%	$54.33	—	—	46434G830
IHY	VANECK ETF TRUST	20,151	$443K	0.3%	$22.00	—	—	92189F445
BND	VANGUARD BD INDEX FDS	5,979	$443K	0.3%	$74.07	—	—	921937835
HYEM	VANECK ETF TRUST	22,234	$442K	0.3%	$19.89	—	—	92189F353
BKLN	INVESCO EXCH TRADED FD TR II	21,051	$442K	0.3%	$21.00	—	—	46138G508
—	BLACKROCK FLOATING RATE INCO	37,507	$442K	0.3%	$11.78	—	—	09255X100
FLRN	SPDR SERIES TRUST	14,349	$441K	0.3%	$30.73	—	—	78468R200
VCIT	VANGUARD SCOTTSDALE FDS	5,262	$441K	0.3%	$83.75	—	—	92206C870
EMB	ISHARES TR	4,577	$441K	0.3%	$96.28	—	—	464288281
HYG	ISHARES TR	5,459	$440K	0.3%	$80.63	—	—	464288513
IBB	ISHARES TR	2,594	$438K	0.3%	$168.77	—	—	464287556
VWOB	VANGUARD WHITEHALL FDS	6,473	$436K	0.3%	$67.43	—	—	921946885
IGHG	PROSHARES TR	5,552	$435K	0.3%	$78.42	—	—	74347B607
LQD	ISHARES TR	3,866	$426K	0.3%	$110.19	—	—	464287242

Decreased Positions (1)

AAPL APPLE INC 0.2%

Value $330K (-10.4%) Shares 1,299 (-4.1%) Est. Cost $268.34 Unrealized -2.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	1,299 (-4.1%)	$330K (-10.4%)	0.2%	$268.34	-2.1%	COM	037833100

Unchanged Positions (1)

VT VANGUARD INTL EQUITY INDEX F 0.1%

Value $224K Shares 1,618 Est. Cost $141.02 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VT	VANGUARD INTL EQUITY INDEX F	1,618	$224K	0.1%	$141.02	—	TT WRLD ST ETF	922042742