Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	8,165	$9.425M	3.3%	$1154.26	—	COM	595112103
AEHR	AEHR TEST SYS	34,460	$3.31M	1.2%	$96.06	—	COM	00760J108
MXL	MAXLINEAR INC	20,989	$2.687M	1.0%	$128.03	—	COM	57776J100
ISRG	INTUITIVE SURGICAL INC	2,751	$1.094M	0.4%	$397.68	—	COM NEW	46120E602
ZS	ZSCALER INC	2,465	$348K	0.1%	$141.17	—	COM	98980G102
SNOW	SNOWFLAKE INC	875	$223K	0.1%	$254.59	—	COM SHS	833445109
PANW	PALO ALTO NETWORKS INC	625	$213K	0.1%	$341.02	—	COM	697435105

Increased Positions (23)

SPUS TIDAL TRUST I 15.6%

Value $44.1M (+30.1%) Shares 766,881 (+9.0%) Est. Cost $34.87 Unrealized —

TSLA TESLA INC 13.7%

Value $38.85M (+16.5%) Shares 92,368 (+3.0%) Est. Cost $251.21 Unrealized —

AAOI APPLIED OPTOELECTRONICS INC 2.6%

Value $7.215M (+289.0%) Shares 48,698 (+122.1%) Est. Cost $100.28 Unrealized —

MSTR STRATEGY INC 4.6%

Value $12.97M (-18.6%) Shares 149,236 (+16.8%) Est. Cost $179.19 Unrealized —

VRT VERTIV HOLDINGS CO 1.5%

Value $4.175M (+98.0%) Shares 12,470 (+48.2%) Est. Cost $226.03 Unrealized —

AVGO BROADCOM INC 1.2%

Value $3.363M (+62.6%) Shares 8,902 (+33.2%) Est. Cost $345.03 Unrealized —

CSCO CISCO SYS INC 1.1%

Value $3.173M (+57.4%) Shares 27,016 (+4.0%) Est. Cost $79.43 Unrealized —

SPRE TIDAL TRUST I 4.4%

Value $12.52M (+10.1%) Shares 592,038 (+2.0%) Est. Cost $18.48 Unrealized —

SPSK TIDAL TRUST I 10.7%

Value $30.1M (+3.8%) Shares 1,671,422 (+3.2%) Est. Cost $17.65 Unrealized —

BBY BEST BUY INC 1.2%

Value $3.373M (+46.5%) Shares 44,455 (+23.9%) Est. Cost $67.50 Unrealized —

AXTI AXT INC 0.6%

Value $1.609M (+63.4%) Shares 22,321 (+29.2%) Est. Cost $33.86 Unrealized —

TOL TOLL BROTHERS INC 1.1%

Value $2.991M (+22.8%) Shares 18,156 (+1.7%) Est. Cost $126.53 Unrealized —

SWKS SKYWORKS SOLUTIONS INC 0.7%

Value $2.015M (+33.5%) Shares 29,717 (+5.4%) Est. Cost $60.38 Unrealized —

RACE FERRARI N V 0.9%

Value $2.588M (+18.6%) Shares 6,952 (+7.8%) Est. Cost $408.61 Unrealized —

NVO NOVO-NORDISK A S 0.5%

Value $1.549M (+35.1%) Shares 32,303 (+3.6%) Est. Cost $37.14 Unrealized —

ITW ILLINOIS TOOL WKS INC 0.6%

Value $1.817M (+22.4%) Shares 6,719 (+17.8%) Est. Cost $272.82 Unrealized —

PG PROCTER & GAMBLE CO 0.7%

Value $1.884M (+13.3%) Shares 12,847 (+11.6%) Est. Cost $151.24 Unrealized —

JNJ JOHNSON & JOHNSON 1.5%

Value $4.113M (+5.6%) Shares 16,194 (+1.6%) Est. Cost $156.28 Unrealized —

PYPL PAYPAL HLDGS INC 1.2%

Value $3.388M (-3.2%) Shares 78,470 (+1.4%) Est. Cost $63.86 Unrealized —

VRSN VERISIGN INC 1.2%

Value $3.433M (+2.8%) Shares 13,647 (+1.5%) Est. Cost $197.39 Unrealized —

BKE BUCKLE INC 0.1%

Value $227K (-15.1%) Shares 5,375 (+1.3%) Est. Cost $51.65 Unrealized —

KMB KIMBERLY-CLARK CORP 0.1%

Value $285K (+15.1%) Shares 2,597 (+1.1%) Est. Cost $103.16 Unrealized —

NKE NIKE INC 0.3%

Value $859K (+4.2%) Shares 20,927 (+34.1%) Est. Cost $63.81 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPUS	TIDAL TRUST I	766,881 (+9.0%)	$44.1M (+30.1%)	15.6%	$34.87	—	SP FDS S&P 500	886364801
TSLA	TESLA INC	92,368 (+3.0%)	$38.85M (+16.5%)	13.7%	$251.21	—	COM	88160R101
AAOI	APPLIED OPTOELECTRONICS INC	48,698 (+122.1%)	$7.215M (+289.0%)	2.6%	$100.28	—	COM	03823U102
MSTR	STRATEGY INC	149,236 (+16.8%)	$12.97M (-18.6%)	4.6%	$179.19	—	CL A NEW	594972408
VRT	VERTIV HOLDINGS CO	12,470 (+48.2%)	$4.175M (+98.0%)	1.5%	$226.03	—	COM CL A	92537N108
AVGO	BROADCOM INC	8,902 (+33.2%)	$3.363M (+62.6%)	1.2%	$345.03	—	COM	11135F101
CSCO	CISCO SYS INC	27,016 (+4.0%)	$3.173M (+57.4%)	1.1%	$79.43	—	COM	17275R102
SPRE	TIDAL TRUST I	592,038 (+2.0%)	$12.52M (+10.1%)	4.4%	$18.48	—	SP FUNDS S&P GBL	886364769
SPSK	TIDAL TRUST I	1,671,422 (+3.2%)	$30.1M (+3.8%)	10.7%	$17.65	—	SP DWJNS SUKUK	886364702
BBY	BEST BUY INC	44,455 (+23.9%)	$3.373M (+46.5%)	1.2%	$67.50	—	COM	086516101
AXTI	AXT INC	22,321 (+29.2%)	$1.609M (+63.4%)	0.6%	$33.86	—	COM	00246W103
TOL	TOLL BROTHERS INC	18,156 (+1.7%)	$2.991M (+22.8%)	1.1%	$126.53	—	COM	889478103
SWKS	SKYWORKS SOLUTIONS INC	29,717 (+5.4%)	$2.015M (+33.5%)	0.7%	$60.38	—	COM	83088M102
RACE	FERRARI N V	6,952 (+7.8%)	$2.588M (+18.6%)	0.9%	$408.61	—	COM	N3167Y103
NVO	NOVO-NORDISK A S	32,303 (+3.6%)	$1.549M (+35.1%)	0.5%	$37.14	—	ADR	670100205
ITW	ILLINOIS TOOL WKS INC	6,719 (+17.8%)	$1.817M (+22.4%)	0.6%	$272.82	—	COM	452308109
PG	PROCTER & GAMBLE CO	12,847 (+11.6%)	$1.884M (+13.3%)	0.7%	$151.24	—	COM	742718109
JNJ	JOHNSON & JOHNSON	16,194 (+1.6%)	$4.113M (+5.6%)	1.5%	$156.28	—	COM	478160104
PYPL	PAYPAL HLDGS INC	78,470 (+1.4%)	$3.388M (-3.2%)	1.2%	$63.86	—	COM	70450Y103
VRSN	VERISIGN INC	13,647 (+1.5%)	$3.433M (+2.8%)	1.2%	$197.39	—	COM	92343E102
BKE	BUCKLE INC	5,375 (+1.3%)	$227K (-15.1%)	0.1%	$51.65	—	COM	118440106
KMB	KIMBERLY-CLARK CORP	2,597 (+1.1%)	$285K (+15.1%)	0.1%	$103.16	—	COM	494368103
NKE	NIKE INC	20,927 (+34.1%)	$859K (+4.2%)	0.3%	$63.81	—	CL B	654106103

Exited Positions (4)

TNK TEEKAY TANKERS LTD 0.8%

Value $2.393M Shares 32,638 Est. Cost $47.31 Unrealized —

EOSE EOS ENERGY ENTERPRISES INC 0.4%

Value $1.016M Shares 204,784 Est. Cost $13.84 Unrealized —

FCX FREEPORT MCMORAN INC 0.3%

Value $934K Shares 15,891 Est. Cost $61.12 Unrealized —

UPXI UPEXI INC 0.0%

Value $27,389 Shares 27,789 Est. Cost $6.08 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TNK	TEEKAY TANKERS LTD	32,638	$2.393M	0.8%	$47.31	—	—	G8726X106
EOSE	EOS ENERGY ENTERPRISES INC	204,784	$1.016M	0.4%	$13.84	—	—	29415C101
FCX	FREEPORT MCMORAN INC	15,891	$934K	0.3%	$61.12	—	—	35671D857
UPXI	UPEXI INC	27,789	$27,389	0.0%	$6.08	—	—	39959A205

Decreased Positions (7)

SPTE SP FUNDS TRUST 9.8%

Value $27.78M (+35.8%) Shares 569,315 (-3.5%) Est. Cost $22.76 Unrealized —

ALAB ASTERA LABS INC 3.1%

Value $8.887M (+67.5%) Shares 18,398 (-62.0%) Est. Cost $157.63 Unrealized —

NVDA NVIDIA CORPORATION 2.7%

Value $7.5M (-18.8%) Shares 37,483 (-29.3%) Est. Cost $123.83 Unrealized —

CLSK CLEANSPARK INC 1.8%

Value $5.129M (+5.7%) Shares 352,497 (-38.2%) Est. Cost $9.36 Unrealized —

TXN TEXAS INSTRS INC 0.1%

Value $351K (+36.0%) Shares 1,176 (-11.4%) Est. Cost $206.27 Unrealized —

XOM EXXON MOBIL CORP 0.1%

Value $250K (-22.6%) Shares 1,825 (-3.9%) Est. Cost $138.74 Unrealized —

TSM TAIWAN SEMICONDUCTOR MANUFAC 0.1%

Value $222K (+6.5%) Shares 465 (-24.6%) Est. Cost $86.90 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPTE	SP FUNDS TRUST	569,315 (-3.5%)	$27.78M (+35.8%)	9.8%	$22.76	—	S&P GLO TEC ETF	84612A101
ALAB	ASTERA LABS INC	18,398 (-62.0%)	$8.887M (+67.5%)	3.1%	$157.63	—	COM	04626A103
NVDA	NVIDIA CORPORATION	37,483 (-29.3%)	$7.5M (-18.8%)	2.7%	$123.83	—	COM	67066G104
CLSK	CLEANSPARK INC	352,497 (-38.2%)	$5.129M (+5.7%)	1.8%	$9.36	—	COM NEW	18452B209
TXN	TEXAS INSTRS INC	1,176 (-11.4%)	$351K (+36.0%)	0.1%	$206.27	—	COM	882508104
XOM	EXXON MOBIL CORP	1,825 (-3.9%)	$250K (-22.6%)	0.1%	$138.74	—	COM	30231G102
TSM	TAIWAN SEMICONDUCTOR MANUFAC	465 (-24.6%)	$222K (+6.5%)	0.1%	$86.90	—	SPONSORED ADS	874039100

Unchanged Positions (6)

SPWO SP FUNDS TRUST 9.6%

Value $27.11M Shares 783,860 Est. Cost $21.96 Unrealized —

GLD SPDR GOLD TR 0.1%

Value $323K Shares 878 Est. Cost $177.42 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value $324K Shares 1,152 Est. Cost $283.93 Unrealized —

HAFN HAFNIA LTD 0.1%

Value $240K Shares 36,216 Est. Cost $6.21 Unrealized —

PAYX PAYCHEX INC 0.1%

Value $296K Shares 3,007 Est. Cost $101.98 Unrealized —

WIT WIPRO LTD 0.1%

Value $290K Shares 129,074 Est. Cost $2.12 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPWO	SP FUNDS TRUST	783,860	$27.11M	9.6%	$21.96	—	S&P WORLD EX US	84612A200
GLD	SPDR GOLD TR	878	$323K	0.1%	$177.42	—	GOLD SHS	78463V107
IBM	INTERNATIONAL BUSINESS MACHS	1,152	$324K	0.1%	$283.93	—	COM	459200101
HAFN	HAFNIA LTD	36,216	$240K	0.1%	$6.21	—	SHS	Y2990R101
PAYX	PAYCHEX INC	3,007	$296K	0.1%	$101.98	—	COM	704326107
WIT	WIPRO LTD	129,074	$290K	0.1%	$2.12	—	SPON ADR 1 SH	97651M109