Gallo Partners, LP Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	28,910	$7,116	6.3%	$246.16	—	RUSSELL 2000 ETF	464287655
EMBJ	EMBRAER S.A.	90,224	$5,808	5.1%	$64.37	—	SPONSORED ADS	29082A107
DCI	DONALDSON INC	59,871	$5,308	4.7%	$86.42	0.0%	COM	257651109
HWM	HOWMET AEROSPACE INC	20,823	$4,269	3.8%	$199.00	0.0%	COM	443201108
PNR	PENTAIR PLC	40,980	$4,268	3.8%	$106.73	0.0%	SHS	G7S00T104
AYI	ACUITY INC	11,084	$3,991	3.5%	$361.21	0.0%	COM	00508Y102
MYRG	MYR GROUP INC DEL	17,956	$3,923	3.5%	$217.65	0.0%	COM	55405W104
CMI	CUMMINS INC	6,995	$3,571	3.1%	$466.32	0.0%	COM	231021106
WDC	WESTERN DIGITAL CORP	13,982	$2,409	2.1%	$151.55	0.0%	COM	958102105
GEV	GE VERNOVA INC	3,366	$2,200	1.9%	$609.04	0.0%	COM	36828A101
MLI	MUELLER INDS INC	17,746	$2,037	1.8%	$107.37	0.0%	COM	624756102
WCN	WASTE CONNECTIONS INC	10,461	$1,834	1.6%	$172.81	0.0%	COM	94106B101
IBP	INSTALLED BLDG PRODS INC	6,717	$1,742	1.5%	$258.27	0.0%	COM	45780R101
TT	TRANE TECHNOLOGIES PLC	4,059	$1,580	1.4%	$413.59	0.0%	SHS	G8994E103
REZI	RESIDEO TECHNOLOGIES INC	39,728	$1,395	1.2%	$37.00	0.0%	COM	76118Y104
HII	HUNTINGTON INGALLS INDS INC	3,796	$1,291	1.1%	$309.50	0.0%	COM	446413106
HBM	HUDBAY MINERALS INC	58,573	$1,163	1.0%	$16.91	0.0%	COM	443628102
AA	ALCOA CORP	17,062	$907	0.8%	$40.88	0.0%	COM	013872106
LWLG	LIGHTWAVE LOGIC INC	67,283	$218	0.2%	$4.44	0.0%	COM	532275104

Increased Positions (7)

SPGI S&P GLOBAL INC 4.8%

Value ($000) $5,400 (+138.0%) Shares 10,334 (+121.7%) Est. Cost $510.29 Unrealized -3.2%

AEP AMERICAN ELEC PWR CO INC 4.8%

Value ($000) $5,436 (+134.7%) Shares 47,139 (+129.0%) Est. Cost $113.55 Unrealized +3.7%

ZWS ZURN ELKAY WATER SOLNS CORP 4.8%

Value ($000) $5,437 (+74.5%) Shares 116,955 (+76.6%) Est. Cost $40.37 Unrealized +15.8%

APH AMPHENOL CORP NEW 4.2%

Value ($000) $4,772 (+76.2%) Shares 35,315 (+61.4%) Est. Cost $118.58 Unrealized +12.6%

CW CURTISS WRIGHT CORP 3.0%

Value ($000) $3,434 (+96.0%) Shares 6,230 (+93.1%) Est. Cost $523.75 Unrealized +6.5%

TOL TOLL BROTHERS INC 2.3%

Value ($000) $2,601 (+43.0%) Shares 19,234 (+46.1%) Est. Cost $132.18 Unrealized +2.7%

JCI JOHNSON CTLS INTL PLC 1.7%

Value ($000) $1,974 (+26.7%) Shares 16,488 (+16.3%) Est. Cost $107.97 Unrealized +6.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPGI	S&P GLOBAL INC	10,334 (+121.7%)	$5,400 (+138.0%)	4.8%	$510.29	-3.2%	COM	78409V104
AEP	AMERICAN ELEC PWR CO INC	47,139 (+129.0%)	$5,436 (+134.7%)	4.8%	$113.55	+3.7%	COM	025537101
ZWS	ZURN ELKAY WATER SOLNS CORP	116,955 (+76.6%)	$5,437 (+74.5%)	4.8%	$40.37	+15.8%	COM	98983L108
APH	AMPHENOL CORP NEW	35,315 (+61.4%)	$4,772 (+76.2%)	4.2%	$118.58	+12.6%	CL A	032095101
CW	CURTISS WRIGHT CORP	6,230 (+93.1%)	$3,434 (+96.0%)	3.0%	$523.75	+6.5%	COM	231561101
TOL	TOLL BROTHERS INC	19,234 (+46.1%)	$2,601 (+43.0%)	2.3%	$132.18	+2.7%	COM	889478103
JCI	JOHNSON CTLS INTL PLC	16,488 (+16.3%)	$1,974 (+26.7%)	1.7%	$107.97	+6.3%	SHS	G51502105

Exited Positions (35)

XYL XYLEM INC 4.2%

Value ($000) $4,752 Shares 32,219 Est. Cost $138.06 Unrealized +4.0%

UNP UNION PAC CORP 3.7%

Value ($000) $4,209 Shares 17,807 Est. Cost $220.26 Unrealized +3.2%

BA BOEING CO 3.6%

Value ($000) $4,073 Shares 18,871 Est. Cost $225.47 Unrealized -8.8%

SPXC SPX TECHNOLOGIES INC 3.5%

Value ($000) $3,921 Shares 20,991 Est. Cost $186.78 Unrealized —

EME EMCOR GROUP INC 3.3%

Value ($000) $3,695 Shares 5,689 Est. Cost $440.85 Unrealized +46.9%

PCG PG&E CORP 3.2%

Value ($000) $3,583 Shares 237,588 Est. Cost $14.52 Unrealized +9.7%

D DOMINION ENERGY INC 2.8%

Value ($000) $3,142 Shares 51,371 Est. Cost $58.31 Unrealized +2.5%

MORN MORNINGSTAR INC 2.7%

Value ($000) $3,092 Shares 13,326 Est. Cost $266.56 Unrealized -18.8%

LIN LINDE PLC 2.4%

Value ($000) $2,746 Shares 5,780 Est. Cost $451.50 Unrealized -5.4%

MOD MODINE MFG CO 2.4%

Value ($000) $2,695 Shares 18,959 Est. Cost $89.24 Unrealized +66.9%

ROL ROLLINS INC 2.3%

Value ($000) $2,578 Shares 43,890 Est. Cost $56.61 Unrealized +3.6%

APD AIR PRODS & CHEMS INC 2.2%

Value ($000) $2,446 Shares 8,968 Est. Cost $268.13 Unrealized -6.1%

PI IMPINJ INC 2.1%

Value ($000) $2,419 Shares 13,382 Est. Cost $157.69 Unrealized +13.0%

DTE DTE ENERGY CO 2.1%

Value ($000) $2,395 Shares 16,937 Est. Cost $131.30 Unrealized +2.7%

DHI D R HORTON INC 2.1%

Value ($000) $2,384 Shares 14,070 Est. Cost $156.63 Unrealized -2.9%

TDG TRANSDIGM GROUP INC 2.1%

Value ($000) $2,375 Shares 1,802 Est. Cost $1314.14 Unrealized -0.3%

CRS CARPENTER TECHNOLOGY CORP 2.1%

Value ($000) $2,368 Shares 9,646 Est. Cost $255.23 Unrealized +17.8%

MTZ MASTEC INC 2.0%

Value ($000) $2,298 Shares 10,800 Est. Cost $183.12 Unrealized +14.6%

GE GE AEROSPACE 1.9%

Value ($000) $2,191 Shares 7,284 Est. Cost $195.73 Unrealized +53.7%

STRL STERLING INFRASTRUCTURE INC 1.9%

Value ($000) $2,146 Shares 6,318 Est. Cost $174.59 Unrealized +97.3%

GXO GXO LOGISTICS INCORPORATED 1.9%

Value ($000) $2,100 Shares 39,711 Est. Cost $51.42 Unrealized +2.2%

LGN LEGENCE CORP 1.5%

Value ($000) $1,757 Shares 57,024 Est. Cost $31.48 Unrealized +25.6%

CRDO CREDO TECHNOLOGY GROUP HOLDI 1.5%

Value ($000) $1,752 Shares 12,031 Est. Cost $122.39 Unrealized +25.7%

KNF KNIFE RIVER CORP 1.4%

Value ($000) $1,631 Shares 21,217 Est. Cost $81.68 Unrealized -14.0%

AEE AMEREN CORP 1.4%

Value ($000) $1,575 Shares 15,091 Est. Cost $98.57 Unrealized +3.5%

MWA MUELLER WTR PRODS INC 1.4%

Value ($000) $1,535 Shares 60,165 Est. Cost $25.35 Unrealized -2.6%

EQT EQT CORP 1.3%

Value ($000) $1,514 Shares 27,814 Est. Cost $47.21 Unrealized +18.9%

GVA GRANITE CONSTR INC 1.3%

Value ($000) $1,509 Shares 13,762 Est. Cost $84.26 Unrealized +27.5%

HON HONEYWELL INTL INC 1.3%

Value ($000) $1,470 Shares 6,982 Est. Cost $207.11 Unrealized -5.8%

LEA LEAR CORP 0.9%

Value ($000) $1,010 Shares 10,037 Est. Cost $102.60 Unrealized +3.6%

KNF KNIFE RIVER CORP 0.9%

Value ($000) $999 Shares 13,000 Est. Cost $81.68 Unrealized -14.0%

AZ A2Z CUST2MATE SOLUTIONS CORP 0.9%

Value ($000) $971 Shares 121,507 Est. Cost $9.48 Unrealized -32.2%

QXO QXO INC 0.9%

Value ($000) $970 Shares 50,893 Est. Cost $20.71 Unrealized -7.4%

FWRD FORWARD AIR CORP 0.6%

Value ($000) $662 Shares 25,835 Est. Cost $28.77 Unrealized -21.8%

DUOT DUOS TECHNOLOGIES GROUP INC 0.4%

Value ($000) $443 Shares 60,220 Est. Cost $7.12 Unrealized +31.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XYL	XYLEM INC	32,219	$4,752	4.2%	$138.06	+4.0%	—	98419M100
UNP	UNION PAC CORP	17,807	$4,209	3.7%	$220.26	+3.2%	—	907818108
BA	BOEING CO	18,871	$4,073	3.6%	$225.47	-8.8%	—	097023105
SPXC	SPX TECHNOLOGIES INC	20,991	$3,921	3.5%	$186.78	—	—	78473E103
EME	EMCOR GROUP INC	5,689	$3,695	3.3%	$440.85	+46.9%	—	29084Q100
PCG	PG&E CORP	237,588	$3,583	3.2%	$14.52	+9.7%	—	69331C108
D	DOMINION ENERGY INC	51,371	$3,142	2.8%	$58.31	+2.5%	—	25746U109
MORN	MORNINGSTAR INC	13,326	$3,092	2.7%	$266.56	-18.8%	—	617700109
LIN	LINDE PLC	5,780	$2,746	2.4%	$451.50	-5.4%	—	G54950103
MOD	MODINE MFG CO	18,959	$2,695	2.4%	$89.24	+66.9%	—	607828100
ROL	ROLLINS INC	43,890	$2,578	2.3%	$56.61	+3.6%	—	775711104
APD	AIR PRODS & CHEMS INC	8,968	$2,446	2.2%	$268.13	-6.1%	—	009158106
PI	IMPINJ INC	13,382	$2,419	2.1%	$157.69	+13.0%	—	453204109
DTE	DTE ENERGY CO	16,937	$2,395	2.1%	$131.30	+2.7%	—	233331107
DHI	D R HORTON INC	14,070	$2,384	2.1%	$156.63	-2.9%	—	23331A109
TDG	TRANSDIGM GROUP INC	1,802	$2,375	2.1%	$1314.14	-0.3%	—	893641100
CRS	CARPENTER TECHNOLOGY CORP	9,646	$2,368	2.1%	$255.23	+17.8%	—	144285103
MTZ	MASTEC INC	10,800	$2,298	2.0%	$183.12	+14.6%	—	576323109
GE	GE AEROSPACE	7,284	$2,191	1.9%	$195.73	+53.7%	—	369604301
STRL	STERLING INFRASTRUCTURE INC	6,318	$2,146	1.9%	$174.59	+97.3%	—	859241101
GXO	GXO LOGISTICS INCORPORATED	39,711	$2,100	1.9%	$51.42	+2.2%	—	36262G101
LGN	LEGENCE CORP	57,024	$1,757	1.5%	$31.48	+25.6%	—	52476L109
CRDO	CREDO TECHNOLOGY GROUP HOLDI	12,031	$1,752	1.5%	$122.39	+25.7%	—	G25457105
KNF	KNIFE RIVER CORP	21,217	$1,631	1.4%	$81.68	-14.0%	—	498894104
AEE	AMEREN CORP	15,091	$1,575	1.4%	$98.57	+3.5%	—	023608102
MWA	MUELLER WTR PRODS INC	60,165	$1,535	1.4%	$25.35	-2.6%	—	624758108
EQT	EQT CORP	27,814	$1,514	1.3%	$47.21	+18.9%	—	26884L109
GVA	GRANITE CONSTR INC	13,762	$1,509	1.3%	$84.26	+27.5%	—	387328107
HON	HONEYWELL INTL INC	6,982	$1,470	1.3%	$207.11	-5.8%	—	438516106
LEA	LEAR CORP	10,037	$1,010	0.9%	$102.60	+3.6%	—	521865204
KNF	KNIFE RIVER CORP	13,000	$999	0.9%	$81.68	-14.0%	CALL	498894104
AZ	A2Z CUST2MATE SOLUTIONS CORP	121,507	$971	0.9%	$9.48	-32.2%	—	002205102
QXO	QXO INC	50,893	$970	0.9%	$20.71	-7.4%	—	82846H405
FWRD	FORWARD AIR CORP	25,835	$662	0.6%	$28.77	-21.8%	—	34986A104
DUOT	DUOS TECHNOLOGIES GROUP INC	60,220	$443	0.4%	$7.12	+31.8%	—	266042407

Decreased Positions (8)

IAG IAMGOLD CORP 0.9%

Value ($000) $982 (-77.4%) Shares 59,572 (-82.3%) Est. Cost $8.76 Unrealized +60.9%

URI UNITED RENTALS INC 2.0%

Value ($000) $2,298 (-52.1%) Shares 2,839 (-43.5%) Est. Cost $767.52 Unrealized +13.0%

ATI ATI INC 0.3%

Value ($000) $307 (-85.5%) Shares 2,671 (-89.7%) Est. Cost $81.04 Unrealized +20.3%

CAT CATERPILLAR INC 3.1%

Value ($000) $3,517 (-31.9%) Shares 6,140 (-43.3%) Est. Cost $425.39 Unrealized +30.6%

MLM MARTIN MARIETTA MATLS INC 2.4%

Value ($000) $2,777 (-23.3%) Shares 4,460 (-22.4%) Est. Cost $594.66 Unrealized +4.5%

XPO XPO INC 2.8%

Value ($000) $3,219 (-18.5%) Shares 23,684 (-22.5%) Est. Cost $120.73 Unrealized +12.8%

GM GENERAL MTRS CO 3.1%

Value ($000) $3,530 (+22.4%) Shares 43,411 (-8.3%) Est. Cost $55.55 Unrealized +26.7%

FIX COMFORT SYS USA INC 3.7%

Value ($000) $4,164 (+3.8%) Shares 4,462 (-8.2%) Est. Cost $434.87 Unrealized +112.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IAG	IAMGOLD CORP	59,572 (-82.3%)	$982 (-77.4%)	0.9%	$8.76	+60.9%	COM	450913108
URI	UNITED RENTALS INC	2,839 (-43.5%)	$2,298 (-52.1%)	2.0%	$767.52	+13.0%	COM	911363109
ATI	ATI INC	2,671 (-89.7%)	$307 (-85.5%)	0.3%	$81.04	+20.3%	COM	01741R102
CAT	CATERPILLAR INC	6,140 (-43.3%)	$3,517 (-31.9%)	3.1%	$425.39	+30.6%	COM	149123101
MLM	MARTIN MARIETTA MATLS INC	4,460 (-22.4%)	$2,777 (-23.3%)	2.4%	$594.66	+4.5%	COM	573284106
XPO	XPO INC	23,684 (-22.5%)	$3,219 (-18.5%)	2.8%	$120.73	+12.8%	COM	983793100
GM	GENERAL MTRS CO	43,411 (-8.3%)	$3,530 (+22.4%)	3.1%	$55.55	+26.7%	COM	37045V100
FIX	COMFORT SYS USA INC	4,462 (-8.2%)	$4,164 (+3.8%)	3.7%	$434.87	+112.2%	COM	199908104

Unchanged Positions (2)

PH PARKER-HANNIFIN CORP 4.9%

Value ($000) $5,582 Shares 6,351 Est. Cost $646.76 Unrealized +26.4%

ROAD CONSTRUCTION PARTNERS INC 2.6%

Value ($000) $2,893 Shares 26,647 Est. Cost $114.16 Unrealized -1.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PH	PARKER-HANNIFIN CORP	6,351	$5,582	4.9%	$646.76	+26.4%	COM	701094104
ROAD	CONSTRUCTION PARTNERS INC	26,647	$2,893	2.6%	$114.16	-1.4%	COM CL A	21044C107